Lakewood Ranch Stewardship District
12051 Corporate Blvd, Orlando, Florida 32817; 407.723.5900 www.lakewoodranchstewardship.com

BOARD OF SUPERVISORS	Friday, July 10, 2020 9:00 a.m.
LAKEWOOD RANCH	Schroeder-Manatee Ranch, Inc.
STEWARDSHIP DISTRICT	14400 Covenant Way
Lakewood Ranch, FL 34202

Due to the COVID-19 Executive Order 20-150 (attached to this agenda) extending Executive Order 20-69, the meeting will be conducted by means of communications media technology, such as telephonic conferencing, per the information below:
Number:	1-844-621-3956
Participant code:	791 375 709# BOARD OF SUPERVISORS MEETING AGENDA
Call to Order / Roll Call
Public Comment Period [for any members of the public desiring to speak on any proposition before the Board]

Administrative Matters
Consideration of Minutes of the June 5, 2020 Board of Supervisors Meeting and the June 12, 2020 Continued Meeting

Business Matters
Consideration of Financing Matters Relative to the Taxable Series 2020 Refunding Bonds, Lakewood Centre and NW Sector
Financing Update
Other Matters (provided under separate cover)
Consideration of Financing Matters Relative to the Series 2020 Refunding Bonds, Country Club East
Resolution 2020-29, Supplemental Assessment Resolution
Other Matters (provided under separate cover)
Consideration of Financing Matters Relative to the Lorraine Lakes Project, Series 2020 Bonds
Consideration of Master Engineer’s Report
Consideration of Master Assessment Report
Public Hearing on the Imposition of Special Assessments
Public Comments
Board Comments
Resolution 2020-30, Imposing Special Assessment
Consideration of Agreement between the District and Kimley-Horn and Associates, Inc. for Engineering Services
Consideration of Financing Team Funding Agreement between the District and Lennar Homes, LLC
Other Matters (provided under separate cover)

Consideration of Agreement between the District and Cepra Landscape, LLC for Landscape and Irrigation Maintenance Services (Bourneside Boulevard N.)
Consideration of Agreements between the District and Altec Lakes and Natural Areas Inc. for Landscape and Irrigation Maintenance Services (Roger Hill Park)
Consideration of Agreements between the District and Irrigation Design Associates, Inc. for Irrigation Installation Services and Materials (Lakewood Ranch Blvd. SRQ Sector Project)

Financial Matters
Draw Requests (provided under separate cover)
Compilation Report

Other Business
Staff Reports
Manager’s Report
Attorney’s Report
Engineer’s Report
Change Order No. 2 Woodruff & Sons, Inc.
Rangeland Pkwy at LWR West of Lorraine Rd
Remove EX abandoned pipe & valves; install conduits; AB curbs, con s/w sod
Change Order No. 3 Woodruff & Sons, Inc.
Lorraine Road Master Water Main
Height of Sarasota 16” OS&Y valve required it to be laid over on its side: This requires the slab to be widened with additional fence to accommodate. Rev CVS Plans: gate valves between off-site & onsite utility work
Change Order No. 16
E.T. MacKenzie of Florida, Inc. 44th Ave East Phase V
Additional lighting items: Conduit F&I underground, insulated – aluminum, and pull box – roadside; cable distribution system; light pole comp-SGL, ARM SM, AL 35’ (LED); & Conductor to copper per County
Change Order No. 1 SMR Farms, LLC Lorraine Road South
Rip out 125,000sf of Bahia grass and dispose of waste
Change Order No. 1 SMR Farms, LLC
Rangeland, Esplanade to Lorraine Add: 11 Crape Myrtle, 29 So Red Cedar
Change Order No. 2 SMR Farms, LLC
Rangeland, Esplanade to Lorraine

Add: 17 So Magnolia, 1 Sabal Palm, 29 Wax Myrtle. 140 Parsons Juniper, 4880sf Empire, 42.2CY mulch
Change Order No. 2
Irrigation Design Associates, Inc.
44th Ave East, Lorraine Rd. to Bourneside Dr
Deduct 1093 Maxjet Assemblies from landscape coverage
Change Order No. 3
Irrigation Design Associates, Inc.
44th Ave East, Lorraine Rd. to Bourneside Dr
Add 313 Hunter Pros-12 sprays to landscape coverage
Audience Comments
Adjournment

STATE OF FLORIDA
OFFICE OF THE GOVERNOR EXECUTIVE ORDER NUMBER 20-150
(Emergency Management- COVID-19- Local Government Public Meetings)

WHEREAS, Executive Order 20-69, as extended by Executive Order 20-112, Executive Order 20-123 and Executive Order 20-139, expires on June 30, 2020, unless extended.
NOW, THEREFORE, I, RON DESANTIS, as Governor of Florida, by virtue of the authority vested in me by Article IV, Section (l )(a) of the Florida Constitution, Chapter 252, Florida Statutes, and all other applicable laws , promulgate the following Executive Order to take immediate effect:
Section 1. I hereby extend Executive Order 20-69, as extended by Executive Orders 20- 121 , 20-123 and 20-139, until 12:01 a.m. on August 1, 2020.

IN TESTIMONY WHEREOF, I have hereunto set my hand and caused the Great Seal of the State of Florida to be affixed, at Tallahassee, this 23rd day o	e, 2020.

ATTEST:

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LAKEWOOD RANCH STEWARDSHIP DISTRICT BOARD OF SUPERVISORS MEETING AGENDA
JULY 10, 2020 AT 9:00 A.M.

SCHROEDER-MANATEE RANCH, INC.
14400 Covenant Way  Lakewood Ranch, Florida 34202
Call in Number: 1-844-621-3956	Access Code:  791 375 709#

BOARD OF SUPERVISORS		DISTRICT STAFF	

REX JENSEN	CHAIRMAN	DISTRICT MANAGER  HANK FISHKIND	PFM CONSULTING GROUP LLC TONY CHIOFALO	VICE CHAIRMAN / ASST. SECRETARY	DISTRICT COUNSEL JONATHAN JOHNSON HOPPING GREEN & SAMS SCOTT ALMAND	TREASURER / ASST. SECRETARY	DISTRICT ENGINEER  MIKE KENNEDY	STANTEC
JIM SCHIER	ASSISTANT SECRETARY

ED HUNZEKER	ASSISTANT SECRETARY	HANK FISHKIND	SECRETARY

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) 723-5900 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 financial 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 meeting/hearing/workshop of the Board is asked to advise the District Office at least forty-eight (48) hours before the meeting/hearing/workshop by contacting the District Manager at (407) 723-5900. 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
Schroeder-Manatee Ranch, Inc.
14400 Covenant Way, Lakewood Ranch, Florida 34202

Minutes - Board of Supervisor’s Meeting – by Telephonic Conferencing
June 5, 2020, 9:00 a.m.

Attending and constituting a quorum:

Rex Jensen	Board Member
Tony Chiofalo	Board Member
Scott Almand	Board Member
Ed Hunzeker	Board Member
Jim Schier	Board Member Also attending were:
Hank Fishkind	PFM Financial Advisors, LLC Brent Wilder	PFM Financial Advisors, LLC Kevin Plenzler	PFM Financial Advisors, LLC Jane Gaarlandt	PFM Group Consulting LLC Jonathan Johnson	Hopping Green & Sams Misty Taylor	BMO
Herb Boatner	BMO
Brett Sealy	MBS
Rob Engel	Stantec
Mike Kennedy	Stantec
Bob Simons	SMR
Roger Aman	SMR
Debbie Byerly	SMR
Scott Schuhle	US Bank

FIRST ORDER OF BUSINESS	Call to Order and Roll Call

Ms. Gaarlandt called the meeting to order and proceeded with the roll call. The members in attendance are as outlined above.

There were no public comments.

SECOND ORDER OF BUSINESS	Administrative Matters

Consideration of Minutes of the May 1, 2020 Board of Supervisors Meeting

Mr. Jensen presented the minutes from the previous meetings and asked if there were any questions or comments.

On MOTION by Mr. Hunzeker, seconded by Schier, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved the minutes of the May 1, 2020 Board of Supervisors Meeting.

THIRD ORDER OF BUSINESS	Consideration	of	Resolution	2020-18, Appointing District Officers

Mr. Johnson noted that the resolution would add Mr. Almand to the current slate of officers as Assistant Secretary.
1

On MOTION by Mr. Schier, seconded by Hunzeker, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Resolution 2020-18, Appointing District Officers.

FOURTH ORDER OF BUSINESS	Business Matters

Consideration of Financing Matters  Relative to the Taxable Series 2020 Refinancing Bonds, Lakewood Centre and NW Sector
Other Matters (provided under separate cover)

Mr. Sealy noted that over the last 30 days there has been some stabilization of the marked and Staff has recently taken actions to refresh the S&P rating which would take about two weeks. With the favorable market conditions and If the market continues to improve, Staff will proceed with the transaction. No action required at this time.

FIFTH ORDER OF BUSINESS	Consideration of Financing Matters  Relative to the Series 2020 Refunding Bonds, Country Club East
Refinancing Update
Other Matters (provided under separate cover)

Mr. Sealy noted that a very favorable rating was received from Standard & Poor’s and working together with PFM had received bond insurance and surety bond bids, Staff are in the process of preparing documents related to the refinancing of the Series 2006 bonds and will be asking for a continuance of today’s meeting to bring back a delegation resolution and forms of documents.

SIXTH ORDER OF BUSINESS	Consideration of Financing Matters  Relative to the Lorraine Lakes Project, Series 2020 Bonds
Presentation Engineer’s Report
Presentation of Master Assessment Report
Consideration of Resolution 2020- 21, Declaring Special Assessments
Consideration of Resolution 2020- 22, Setting a Public Hearing Date on the Imposition of Special Assessments
Other Matters (provided under separate cover)

Mr. Johnson noted that Staff had been working with Lennar and is prepared to proceed with the special assessment process presented the documents included in the agenda packet.
Mr. Kennedy noted that Staff had reviewed the engineer’s report and had no further comments.
Mr. Johnson noted that the there were no roads behind gates or other kinds of facilities that would typically be considered private in a potentially gated community.
Dr. Fishkind noted that the assessment report was in standard form. Mr. Johnson reviewed Resolution 2020-21.

On MOTION by Mr. Chiofalo, seconded by Almand, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Resolution 2020-21, Declaring Special Assessments

Mr. Johnson reviewed Resolution 2020-22 noting the special Covid-19 quorum provisions. Mr. Jensen requested a strategy to return to in person meetings subject to Executive Orders.

On MOTION by Mr. Chiofalo, seconded by Hunzeker, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Resolution 2020-22, Setting a Public Date on the Imposition of Special Assessment for July 10, 2020 at 9:00 a.m.

SEVENTH ORDER OF BUSINESS	Consideration of Resolution 2020-23, Approving Proposed Budget for FY2020/2021 and Setting a Public Hearing Thereon

Mr. Chiofalo presented the proposed operating budget noting the continued growth of the Stewardship District and infrastructure. The estimated built-out is $10.1 million and the majority of the infrastructure is already in place or currently under construction.
Dr. Fishkind confirmed for the record that with the minor increases in certain categories the assessment are still below the maximum operating and maintenance levels previously established;

On MOTION by Mr. Hunzeker, seconded by Schier, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Resolution 2020-23, Approving a Proposed Budget for FY2020/2021 and Setting a Public Date Thereon for August 7, 2020 at 9:00 a.m.

EIGHTH ORDER OF BUSINESS	Consideration	of	Revised	Agreement between the District and PFM

Mr. Johnson noted that Staff had reviewed the agreement and confirmed that PFM had incorporated the requested changes.
Dr. Fishkind presented the agreement for additional services.

On MOTION by Mr. Chiofalo, seconded by Schier, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved the Revised Agreement between the District and PFM.

NINTH ORDER OF BUSINESS	Consideration of Personnel Leasing Agreement [Construction Fund Accounting Services]

Mr. Johnson reviewed the agreement outlining the allocation of responsibilities between SMR and PFM employees.

On MOTION by Mr. Chiofalo, seconded by Mr. Hunzeker, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved the Personnel Leasing Agreement [Construction Fund Accounting Services].

TENTH ORDER OF BUSINESS	Consideration of Agreement between the District and Cepra Landscape, LLC for Landscape and Irrigation Maintenance Services

Mr. Engel presented the agreement for a total amount of $ 90,113.00.

On MOTION by Mr. Chiofalo, seconded by Mr. Almand, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved the Agreement between the District and Cepra Landscape,  LLC for Landscape and Irrigation Maintenance Services.

ELEVENTH ORDER OF BUSINESS	Consideration of Agreement between the District and Irrigation Design Associates, Inc. for Irrigation Installation Services and

Materials (Lorraine Road South Irrigation System Improvements Construction)

Mr. Engel presented the agreement for a total amount of $ 92,089.00.

On MOTION by Mr. Chiofalo, seconded by Mr. Almand, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved the Agreement between the District and Irrigation Design Associates, Inc. for Irrigation Installation Services and Materials.

TWELFTH ORDER OF BUSINESS	Consideration of Agreement between the District and SMR Farms, LLC  for Landscape Installation Services and Materials (Lorraine Rd. South Landscape Improvement Project)

Mr. Engel presented the agreement for a total amount of $163,982.00.

On MOTION by Mr. Chiofalo, seconded by Mr. Almand, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved the Agreement between the District and SMR Farms, LLC for Landscape Installation Services and Materials.

THIRTEENTH ORDER OF BUSINESS	Consideration	of	Amendment	to Acquisition Agreement for Indigo Project

Mr. Johnson presented the agreement, which would add specific language to the existing agreement relative to indemnification of the District. Mr. Jensen requested clarification on the turn-over delays.

On MOTION by Mr. Chiofalo, seconded by Mr. Schier, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved the Amendment to Acquisition Agreement for Indigo Project.

FOURTEENTH ORDER OF BUSINESS	Consideration of Bid Award for Lakewood Ranch Northwest Sector East Landscape and Irrigation Maintenance
Award Recommendation Letter and Bid Tabulation
Resolution 2020-24, Award of Contract

Mr. Kennedy presented the recommendation to award the contract for Lakewood Ranch Northwest Sector East Landscape and Irrigation Maintenance to Sun State Landscape Management Inc. for the total bid amount of
$276,486.35.

On MOTION by Mr. Chiofalo, seconded by Mr. Almand, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Resolution 2020-24, Award of Contract to Sun State Landscape Management Inc.

FIFTEENTH ORDER OF BUSINESS	Consideration of Bid Award for Lakewood Ranch Northwest Sector West Landscape and Irrigation Maintenance
Award Recommendation Letter and Bid Tabulation
Resolution 2020-25, Award of Contract

Mr. Kennedy presented the recommendation to award the contract for Lakewood Ranch Northwest Sector West Landscape and Irrigation Maintenance to Sun State Landscape Management Inc. for the total bid amount of
$276,589.49.

On MOTION by Mr. Almand, seconded by Mr. Chiofalo, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Resolution 2020-25, Award of Contract to Sun State Landscape Management Inc.

SIXTEENTH ORDER OF BUSINESS	Consideration of Bid Award for Lakewood Centre – CORE Phase 2 and SR-70 Turn Lanes 3
Award Recommendation Letter and Bid Tabulation
Resolution 2020-26, Award of Contract

Mr. Engel presented the recommendation to award the contract for Lakewood Centre – CORE Phase 2 and SR- 70 Turn Lanes 3 to Frederick Derr & Company Inc. for the total bid amount of $5,874,440.45.

On MOTION by Mr. Schier seconded by Mr. Chiofalo, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Resolution 2020-26, Award of Contract to Frederick Derr & Company Inc.

SEVENTEENTH ORDER OF BUSINESS	Consideration of Resolution 2020-27, Rejecting All Bids for the Waterside Pavilion Project

Mr. Engel noted that all three bids received in response to the RFP were over budget. Mr. Simons provided details noting that amendments to the design were in progress.

On MOTION by Mr. Almand, seconded by Mr. Hunzeker, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Resolution 2020-27, Rejecting All Bids for the Waterside Pavilion Project.

EIGHTEENTH ORDER OF BUSINESS	Financial Matters

Mr. Almand presented for the Board’s Consideration:

Draw Requests & Requisitions

Requisition List for Draw No. 33 Del Webb
Series 2017 Bond

On MOTION by Mr. Chiofalo, seconded by Mr. Hunzeker, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Requisition List No. 33 for Del Webb.

Requisition List for Draw No. 18 Lakewood Centre & NW Sector Series 2018 Bond

On MOTION by Mr. Chiofalo, seconded by Mr. Hunzeker, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Draw No. 18 for Lakewood Centre & NW Sector.

Requisition List for Draw No. 11 Lakewood Centre North
Pre-Funding

On MOTION by Mr. Chiofalo, seconded by Mr. Hunzeker, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Draw No. 11, Lakewood Centre North – Pre-Funding.

Requisition List for Draw No. 16 Northeast Sector
2017 Note

On MOTION by Mr. Chiofalo, seconded by Mr. Hunzeker, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Requisition List No. 16 for Northeast Sector.

Requisition List for Draw No. 6
The Villages of Lakewood Ranch South Pre-Funding - Landowner/County Construction Funding Agreement

On MOTION by Mr. Chiofalo, seconded by Mr. Hunzeker, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District accepted the Construction Funding and approved payment of Requisition List No. 6 for The Villages of Lakewood Ranch South.

NINETEENTH ORDER OF BUSINESS	Compilation Report

No Comments

TWENTIETH ORDER OF BUSINESS	Staff Reports

Manager’s Report –
Ms. Gaarlandt reminded the board members that the Form 1 Financial Statement is due by July 1st. District Staff will send out an email with the digital version of the form.

Attorney’s Report – Mr. Johnson noted that the traffic signal agreement authorized by the Board at the last meeting has been prepared and reviewed by County Staff and is continuing to move forward.
Mr. Johnson provided legislative updates.

Engineer’s Report –
Mr. Engel presented for the Board’s approval:	Change Order No. 1
Irrigation Design Associates, Inc. Rangeland Pkwy. Phase IV; Benito Ct. to Lorraine Rd.
Increase in Contract price
Increase in Contract scope to reconfigure existing 2-wire system to support new phase of roadway irrigation to Lorraine Rd.

On MOTION by Mr. Chiofalo, seconded by Mr. Almand, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Change Order No. 1, Irrigation Design Associates, Inc.

Quotation
Irrigation Design Associates, Inc. Lorraine Road South
Irrigation Distribution System

Duplicate item – no action.

Change Order No. 1 SMR Farms, LLC
44th Ave E. Phase 4 – Indigo to Lorraine Rd Changes in the original scope of job
phase of roadway irrigation to Lorraine Rd.

On MOTION by Mr. Chiofalo, seconded by Mr. Almand, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Change Order No. 1, SMR Farms, LLC.

Cost Sheet
SMR Farms, LLC Lorraine Road South

2020 Landscape Improvements Scope

Duplicate item – no action.

Proposal
Creative Mailbox Designs Lorraine Road
Street Signs

Mr. Simons provided details. Total amount $20,805.60.

On MOTION by Mr. Chiofalo, seconded by Mr. Almand, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved the Proposal from Creative Mailbox Designs

Consent Agenda

Change Order No. 2 Woodruff & Sons, Inc.
Waterside Master Utilities – Lorraine Rd Directional Drill Force Main
Recore MH, patch previous core to County standards, re-install pipe to new configuration, re-repair road & curb

Change Order No. 4 Woodruff & Sons, Inc.
Waterside Place Boulevard and Waterside Place Park Earthwork

Additional grading at Waterside Place for Earthwork: Mobilization, layout & as-builts, proof roll and finish grade

Change Order No. 4 Ryangolf Corporation
Uihlein Road Phase 3 with SR-64 FDOT Turn Lanes
Material Deducts. Additional Lake work (25, 31, 32) Plan Changes Rev H: Sanitary sewer, potable water, reclaimed water, irrigation, storm sewer and material credits

On MOTION by Mr. Chiofalo, seconded by Mr. Hunzeker, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved the Consent Agenda Items.

TWENTYFIRST ORDER OF BUSINESS	Supervisor Requests

There were no Supervisor requests.

TWENTYSECOND ORDER OF BUSINESS	Audience Comments

There were no audience comments.

TWENTYTHIRD ORDER OF BUSINESS	Adjournment

Mr. Jensen asked for a motion to continue the meeting.

On MOTION by Mr. Schier, seconded by Mr. Almand, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District moved to continue the June 5, 2020 meeting to June 12, 2020 at 9:00 a.m.

 	_ 	_	 	_	 Secretary/Assistant Secretary		Chairperson/Vice-Chairperson

LAKEWOOD RANCH STEWARDSHIP DISTRICT
Schroeder-Manatee Ranch, Inc.
14400 Covenant Way, Lakewood Ranch, Florida 34202

Minutes – Continued Board of Supervisor’s Meeting – by Telephonic Conferencing
June 12, 2020, 9:00 a.m.

Attending and constituting a quorum:

Rex Jensen	Board Member
Tony Chiofalo	Board Member
Scott Almand	Board Member
Ed Hunzeker	Board Member
Jim Schier	Board Member Also attending were:
Hank Fishkind	PFM Financial Advisors, LLC Brent Wilder	PFM Financial Advisors, LLC Kevin Plenzler	PFM Financial Advisors, LLC Jane Gaarlandt	PFM Group Consulting LLC Jonathan Johnson	Hopping Green & Sams Misty Taylor	BMO
Herb Boatner	BMO
Brett Sealy	MBS
Rob Engel	Stantec
Mike Kennedy	Stantec
Bob Simons	SMR
Roger Aman	SMR
Debbie Byerly	SMR
Scott Schuhle	US Bank

FIRST ORDER OF BUSINESS	Call to Order and Roll Call

Ms. Gaarlandt called the meeting to order and proceeded with the roll call. The members in attendance are as outlined above.

There were no public comments.

SECOND ORDER OF BUSINESS	Business Matters

Consideration of Financing Matters  Relative to the Series 2020 Refunding Bonds, Country Club East
Presentation of Assessment Methodology Report
Resolution 2020-28, Delegation Resolution
Twenty-Seventh Supplemental Indenture
Bond Purchase Contract
Preliminary	Official Statement
Continuing	Disclosure Agreement
1

Escrow Deposit Agreement
Municipal Bond Insurance Commitment
Municipal Bond Debt Service Reserve Insurance Commitment
Other Matters (provided under separate cover)

Mr. Sealy noted that he and Mr. Wilder would be presenting this item together and proceeded with a summary update on the refunding. Based on the current market condition it is estimated that the refunding will result in a debt service reduction of approximately 19%, which is about $360,000 annually. Compared to the debt service assessments that were levied on the fiscal year 2020 tax roll that results in approximately 22% net present value savings or approximately $4.2 million, considerably exceeding the general 3%-5% net present value benchmark for proceeding with refunding. Mr. Sealy provided details on Tables 6 and 7 in the Assessment Methodology Report. Staff will generate and provide a map detailing the 793 units plus the golf course that are subject to the 2006 bond and will receive a reduction in their debt service as a result of the closing of this refinancing. Mr. Sealy provided details on certain parameters in the Delegation Resolution.
Dr. Fishkind noted that market conditions are slowly improving and the best credits like Lakewood Ranch have been outperforming the market and Staff is confident in the transaction and the work done with the Underwriter and is expecting a successful sale.
Mr. Wilder provided additional details on the current market conditions and encouraging trends. Ms. Taylor presented the delegated award resolution and the various documents included therein.

On MOTION by Mr. Hunzeker, seconded by Mr. Schier, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Resolution 2020-28, Delegated Award Resolution.

THIRD ORDER OF BUSINESS	Financial Matters

Mr. Almand presented for the Board’s Consideration:

Draw Requests & Requisitions

Requisition List for Draw No. 7
Lakewood National and Polo Run Projects Series 2017 Bond

On MOTION by Mr. Chiofalo, seconded by Mr. Schier, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Requisition List No. 7 for Lakewood National and Polo Run Projects.

FOURTH ORDER OF BUSINESS	Staff Reports Manager’s Report – No Report
Attorney’s Report – Mr. Johnson asked for the Board’s authorization to commence the advertising process under the Consultants Competitive Negotiations Act to bring back qualification-based proposals for future roadway construction management service.

On MOTION by Mr. Hunzeker, seconded by Mr. Chiofalo, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District authorized Staff to commence the advertising process under the CCNA.

Engineer’s Report –
Mr. Engel presented for the Board’s approval:
Consent Agenda

Change Order No. 1
Frederick Derr & Company, Inc.
Academic	Ave.	&	Lighterwood	Trail Roadway Improvements
Deductions for District Purchase Materials

On MOTION by Mr. Chiofalo, seconded by Mr. Almand, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved the Consent Agenda Item.

Mr. Simons provided updates on the traffic signal at White Eagle and SR-70, noting that the signal heads on SR-70 have be placed, the infrastructure is ready to go, and the traffic signal is expected to be operational around the July 4th weekend.

FIFTH ORDER OF BUSINESS	Supervisor Requests

There were no Supervisor requests.

SIXTH ORDER OF BUSINESS	Audience Comments

There were no audience comments.

SEVENTH ORDER OF BUSINESS	Adjournment

Mr. Jensen asked for a motion to adjourn.

On MOTION by Mr. Hunzeker, seconded by Mr. Schier, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District moved to adjourn the June 12, 2020 meeting.

 	_ 	_	 	_ 	_ Secretary/Assistant Secretary		Chairperson/Vice-Chairperson

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Financing Matters Relative to the Taxable Series 2020 Refunding Bonds, Lakewood Centre and NW Sector

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Other Matters

(provided under separate cover)

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Financing Matters Relative to the Series 2020 Refunding Bonds, Country Club East

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Resolution 2020-29

RESOLUTION 2020-29

A RESOLUTION SETTING FORTH THE SPECIFIC TERMS OF THE LAKEWOOD RANCH STEWARDSHIP DISTRICT’S SPECIAL ASSESSMENT REVENUE REFUNDING BONDS, SERIES 2020 (COUNTRY CLUB EAST PROJECT); CONFIRMING AND ADOPTING SUPPLEMENTAL SPECIAL ASSESSMENT METHODOLOGY REPORT; CONFIRMING, ALLOCATING AND AUTHORIZING THE COLLECTION OF SPECIAL ASSESSMENTS SECURING SERIES 2020 REFUNDING BONDS; PROVIDING FOR THE SUPPLEMENT TO THE IMPROVEMENT LIEN BOOK; 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, in accordance with Chapters 170 and 197, Florida Statutes, and Chapter 2007-338, Laws of Florida, without limitation, previously adopted Resolutions 2006-20, 2006-22 and 2006-26 imposing a master assessment lien on benefitted property within the District’s “Country Club East” project (collectively, the “Assessment Resolution”); and

WHEREAS, the District issued its Series 2006 Special Assessment Revenue Bonds (Country Club East Project) in the par amount of $27,215,000 (the “Series 2006 Bonds”) and levied special assessments to the secure the 2006 Bonds (the “Series 2006 Assessments”); and

WHEREAS, as of July 10, 2020, there is presently $19,195,000 principal amount of the Series 2006 Bonds outstanding, which bonds are secured by certain of the benefited lands within the Country Club East project within the District, with the exception of any residential units that have prepaid the Series 2006 Assessments levied on such unit in full; and

WHEREAS, in order to achieve both aggregate and annual debt service savings, the District has determined it is in the best interest of the District, its residents and landowners, to refinance the outstanding Series 2006 Bonds via the issuance of refunding bonds; and

WHEREAS, on June 12, 2020, the District’s Board of Supervisors (the “Board”) adopted Resolution 2020-28, authorizing the issuance of the District’s $19,195,000 Lakewood Ranch Stewardship District Special Assessment Revenue Refunding Bonds, Series 2020 (Country Club East Project) for the purpose of refunding the District’s outstanding Series 2006 Bonds (the “Series 2020 Refunding Bonds”); and

WHEREAS, pursuant to and consistent with the Assessment Resolution, this Resolution shall set forth the terms of Series 2020 Refunding Bonds actually issued by the District and confirm the lien of the levy of special assessments securing the Series 2020 Refunding Bonds.

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 without limitation Chapters 170 and 197 Florida Statutes, and the Assessment Resolution.

SECTION 2. FINDINGS. The Board of Supervisors of the Lakewood Ranch Stewardship District hereby finds and determines as follows:

The District, after due notice and public hearing, previously adopted the Assessment Resolution, which, among other things, equalized, approved, confirmed and levied special assessments on property benefitting from the infrastructure improvements authorized by the District. This Resolution shall supplement the Assessment Resolution for the purpose of setting forth the specific terms of the Series 2020 Refunding Bonds and certifying the amount of the lien of the special assessments securing any portion of the Series 2020 Refunding Bonds, including interest, costs of issuance, and the number of payments due.

The Assessment Methodology Report Lakewood Ranch Stewardship District, Country Club East Series 2020 Refunding Bonds, dated June 2020, attached to this Resolution as Exhibit A (the “Supplemental Assessment Report”), applies the Assessment Methodology Lakewood Ranch Stewardship District Country Club East Report, dated May 4, 2006, the Supplemental Assessment Methodology Lakewood Ranch Stewardship District Country Club East, dated June 9, 2006, as may be amended from time to time (collectively, the “Master Assessment Report” and together with the Supplemental Assessment Report, the “Assessment Methodology”), to the Series 2020 Refunding Bonds. The Supplemental Assessment Report is hereby approved, adopted and confirmed. The District ratifies its use in connection with the sale of the Series 2020 Refunding Bonds.

The District’s Project, as described in the Engineer’s Report for Country Club East at Lakewood Ranch, dated April 2006, as may be amended from time to time, and constructed in connection with the Series 2006 Bonds continues to specially benefit all of the properties identified in the Supplemental Assessment Report. The benefits of the District’s Project continue to exceed the assessments allocated as provided in the Supplemental Assessment Report.

SECTION  3.     CONFIRMATION  OF  MAXIMUM  ASSESSMENT  LIEN   FOR
SERIES 2020 REFUNDING BONDS. This Resolution is intended to set forth the terms of the Series 2020 Refunding Bonds and the final amount of the lien of the special assessments securing those bonds. The Series 2020 Refunding Bonds shall bear such rates of interest and maturity as shown on Exhibit B attached hereto. The sources and uses of funds of the Series 2020 Refunding Bonds shall be as set forth in Exhibit C. The debt service due on the Series 2020 Refunding Bonds is set forth on Exhibit D attached hereto. The lien of the special assessments securing the Series 2020 Refunding Bonds on certain developable land within the

District, as such land is described in Exhibit A, shall be the principal amount due on the Series 2020 Refunding Bonds, together with accrued but unpaid interest thereon, and together with the amount by which the annual assessments shall be grossed up to include early payment discounts required by law and costs of collection.

SECTION 4. ALLOCATION OF ASSESSMENTS SECURING SERIES 2020 REFUNDING BONDS.

The special assessments for the Series 2020 Refunding Bonds shall be allocated in accordance with Exhibit A. The Supplemental Assessment Report is consistent with the District’s Master Assessment Report. The Supplemental Assessment Report, considered herein, reflects the actual terms of the issuance of the District’s Series 2020 Refunding Bonds. The estimated costs of collection of the special assessments for the Series 2020 Refunding Bonds are as set forth in the Supplemental Assessment Report.

The lien of the special assessments securing the Series 2020 Refunding Bonds includes that certain land within the District (as those district boundaries may be adjusted pursuant to law) that originally secured the Series 2006 Bonds, as set forth in more detail in the Assessment Methodology, with the exception of those residential units which have prepaid in full the debt service assessments securing the Series 2006 Bonds. To the extent land is added to the District, the District may, by supplemental resolution at a regularly noticed meeting and without the need for a public hearing, determine such land to be benefitted and reallocate the special assessments securing the Series 2020 Refunding Bonds and impose special assessments on the newly added and benefitted property.

Taking into account capitalized interest and earnings on certain funds and accounts as set forth in the Master Trust Indenture and Twenty Seventh Supplemental Trust Indenture, the District shall begin annual collection of special assessments for the Series 2020 Refunding Bonds debt service payments using the methods available to it by law. Debt service payments and semi-annual installments of interest are reflected on Exhibit 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 for collection by Manatee County and other Florida law. The District intends, unless inapplicable or unavailable, to collect the special assessments securing the Series 2020 Refunding Bonds using the Uniform Method in Chapter 197, Florida Statutes. 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 the 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 property using methods available to the District authorized by Florida law.

SECTION 5. 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 6. CONFLICTS; OTHER PROVISIONS REMAIN IN EFFECT. This
Resolution is intended to supplement the Assessment Resolution, which remains in full force and effect. This Resolution and the Assessment Resolution shall be construed to the maximum  extent possible to give full force and effect to the provisions of each resolution. Notwithstanding the foregoing, upon the issuance of the Series 2020 Refunding Bonds and the complete redemption of the Series 2006 Bonds, the lien of the Series 2006 Assessments shall cease to secure the Series 2006 Bonds and shall instead be pledged to secure the Series 2020 Refunding Bonds; provided, however, that the lien of the Series 2006 Assessments relative to the Series 2006 Bonds shall remain in effect for a particular parcel until such time as such parcel has paid all annual installments of the Series 2006 Assessments relative to the Series 2006 Bonds certified for collection as of the date of this Resolution.

SECTION 7. ASSESSMENT NOTICE. The District’s Secretary is hereby directed to record a Notice of Series 2020 Refunding Bonds (Country Club East Project) secured by the Series 2006 Assessments in the Official Records of Manatee County, Florida, or such other instrument evidencing the actions taken by the District.

SECTION 8. 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 section of this resolution shall not thereby be affected or impaired unless it clearly appears that 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.

SECTION 9. EFFECTIVE DATE. This Resolution shall become effective upon its adoption.

[Signatures on Next Page]

PASSED AND ADOPTED this 10th day of July, 2020.

ATTEST:	BOARD OF SUPERVISORS OF THE LAKEWOOD RANCH STEWARDSHIP DISTRICT

Secretary	Rex Jensen, Chairman

Exhibit A:	Supplemental Assessment Report, dated June 2020
Exhibit B:	Maturities and Coupon of Series 2020 Refunding Bonds Exhibit C:	Sources and Uses of Funds for Series 2020 Refunding Bonds Exhibit D:	Annual Debt Service Payment Due on 2020 Refunding Bonds

Exhibit A Supplemental Assessment Report

ASSESSMENT METHODOLOGY REPORT LAKEWOOD RANCH STEWARDSHIP DISTRICT, COUNTRY CLUB EAST SERIES 2020 REFUNDING BONDS

June 2020

Prepared for:

Board of Supervisors,
Lakewood Ranch Stewardship District

Prepared on June 24, 2020

PFM Financial Advisors LLC
12051 Corporate Boulevard
Orlando, FL 32817

ASSESSMENT METHODOLOGY REPORT
LAKEWOOD RANCH STEWARDSHIP DISTRICT, COUNTRY CLUB EAST SERIES 2020 REFUNDING BONDS

June 24, 2020

Introduction

Purpose

This Assessment Methodology Report Lakewood Ranch Stewardship District, Country Club East Series 2020 Refunding Bonds (“Series 2020 Refunding Report”) provides a methodology for allocating the assessments securing the repayment of the planned Series 2020 Refunding Bonds (“Bonds” or “Series 2020 Bonds”) to be issued by the Lakewood Ranch Stewardship District (“District” or “LRSD”), specifically lands within Country Club East (“CCE”). This Series 2020 Refunding Report applies and operates pursuant to the methodology outlined in the Assessment Methodology Lakewood Ranch Stewardship District “Country Club East” Report, dated May 4, 2006 (“Assessment Report”) and the Supplemental Assessment Methodology Lakewood Ranch Stewardship District “Country Club East” dated June 9, 2006 (“Supplemental Report”). CCE issued its Special Assessment Revenue Bonds, Series 2006 (“Series 2006 Bonds”) to provide funding for certain infrastructure improvements (“2006 Project”) to certain properties located within CCE.

The lands within CCE have undergone substantial development since the time of the issuance of the Series 2006 Bonds. All residential lots have been platted, developed and/or sold within CCE. CCE’s development, combined with other more general economic factors provide the District with the opportunity to refund its outstanding Series 2006 Bonds. This Series 2020 Refunding Report outlines the specific bond debt service assessments assigned to remaining assessable properties located within CCE, consistent with the assessment methodology outlined in the Supplemental Report.

The methodology described herein allocates a portion of the cost of refinancing the 2006 Project to all specially benefitted remaining assessable properties within CCE based upon the benefits each property receives from those same improvements and which have been developed during CCE’s capital improvement program (“CIP”).

This Series 2020 Refunding Report is designed to conform to the requirements of Chapter 170 of the Florida Statutes and Chapter 2005-338, Laws of Florida, as amended with respect to special assessments and is consistent with our understanding of the case law on this subject.

Background

LRSD is an independent special district established pursuant to Chapter 2005-338 Laws of Florida. The District is located in Manatee and Sarasota Counties comprising over 23,000 acres. Schroeder-Manatee Ranch, Inc. (“SMR”) is the owner of the majority of the land in the District. SMR established and developed the 851.01 gross acres which comprises CCE.

The Series 2020 Refunding Report addresses the allocation of the costs refinanced with the Series 2020 Bonds proceeds to the remaining assessable properties located within CCE. All such properties receive a special benefit from the District’s CIP.

CCE Land Use Plan (2006)

The Supplemental Report allocated the Series 2006 Bonds and associated assessments to units and the golf course on an acreage basis. A summary of the land plan as detailed in the Supplemental Report is found in Table 1. The initial allocation of the Series 2006 Bonds per the Supplemental Report is provided in Table 2, consistent with the Assessment Report.

Table 1. Land Plan for CCE (2006)

Category
Residential Development	Volume
Lots	Acreage	
Parcel 502 Condos	242		
Parcel 513 Condos	143		
Parcel 517 Condos	66		
52' x 130'	95		
62' x 130'	84		
76' x 130'	69		
100' x 150'	81		
125' x 190'	36		
140' x 225'	44		
200' x 225'	38		
Total Residential	898	501.82	
Golf Course, Recreation, Open Space, etc…		349.19	
TOTAL		851.01	
Source: Fishkind and Associates, Inc. (Supplemental Assessment Methodology Lakewood Ranch Stewardship District “Country Club East”, dated June 9, 2006)

Table 2. Series 2006 Bonds Initial Total Cost Allocation to Benefitting Properties

Land Use	Units	Total Par	Par Per Unit	
Parcel 502 Condos	242	$8,418,050	$34,785	
Parcel 513 Condos	143	$4,974,302	$34,785	
Parcel 517 Condos	66	$2,295,832	$34,785	
52' x 130'	95	$5,456,547	$57,437	
62' x 130'	84	$5,802,151	$69,073	
76' x 130'	69	$4,963,061	$71,928	
100' x 150'	81	$6,520,016	$80,494	
125' x 190'	36	$3,769,235	$104,701	
140' x 225'	44	$5,545,036	$126,024	
200' x 225'	38	$6,289,239	$165,506	
Golf Course, etc…	10	$766,530	$76,653	
 	$54,799,999	
Source: Fishkind and Associates, Inc. (Supplemental Assessment Methodology Lakewood Ranch Stewardship District “Country Club East”, dated June 9, 2006)

Requirements of a Valid Assessment Methodology

PFM Financial Advisors LLC (“AC”) is providing assessment consulting services to the District. In the AC’s experience, there are two primary requirements for special assessments to be valid under Florida law. First, the properties assessed must receive a special benefit from the improvements paid for via the assessments. Second, the assessments must be fairly and reasonably allocated to the properties being assessed. If these two characteristics of valid special assessments are adhered to, Florida law provides some latitude to legislative bodies, such as the District’s Board of Supervisors, in approving special assessments. Indeed, Florida courts have found that the mathematical perfection of calculating special benefit is impossible, and, accordingly, a special assessment is valid as long as there is a logical relationship between the services provided and the benefit to real property. A court must give deference to the District’s determinations regarding the levy of special assessments, and such special assessments are only invalid if the District’s determinations are found to be arbitrary.

Special Benefits and General Benefits

The infrastructure improvements associated with the 2006 Project created both: (1) special benefits to assessable property within CCE and (2) general benefits to lands located outside CCE. However, as discussed below, these general benefits are incidental in nature and are readily distinguishable from the special benefits which accrue to the assessable property within CCE. The 2006 Project enabled CCE to be developed. Without the 2006 Project, there would be no infrastructure to support development within CCE.

The general public, and property owners outside CCE, benefited from the provision of the 2006 Project. However, these benefits were incidental to the 2006 Project. In the Lakewood Ranch Stewardship District Engineer’s Report for Country Club East at Lakewood Ranch (the “Engineer’s Report”), the engineering firm WilsonMiller, Inc. (the “District Engineer”) identified the CCE area that was developed and benefited from the CIP.

According to the Assessment Report, “In the case of CCE the value of the special benefits provided by the District’s improvement program are far greater than the costs associated with providing these same benefits. The District Engineer and Financial Advisor estimate that the cost of the District’s capital improvement program, that is necessary to support full development of property within the District, totals
$54,800,000 on a fully financed basis. The Financial Advisor estimates that the net sell out value of the land within the District will exceed $100,000,000, net of the cost of the raw land, and after the improvements are put in place. It is the District’s improvement program, among other things, that makes it possible to develop and sell the land within its boundaries.” The AC concurs with the benefit statement above as it pertains to the remaining CCE properties associated with the Series 2020 Bonds.

Assessment Methodology

Overview

The assessment methodology consists of five steps described below. First, the District Engineer estimated the costs for the District improvements needed for the buildout of CCE. Second, the District Engineer determined the acres that benefit from the 2006 Project. Third, the District’s bond underwriter and assessment consultant determined the total funding amount (including financing costs) needed to acquire, construct and/or refund the existing 2006 Project. Fourth, this amount was divided equally among the benefited properties in CCE on a net assessable acreage basis. Finally, as land was platted, the debt on each assessable acre in CCE was allocated to each residential unit and the golf course. In this way, all of the debt is equitably allocated across all of the developable property in CCE. Each developable acre in CCE benefited equally from the provision of District infrastructure from its 2006 Project.

As described more fully below, the District is issuing $19,195,000 in Series 2020 Bonds to refund the outstanding Series 2006 Bonds, to provide for a debt service reserve account and to fund other costs associated with issuing bonds. It is the debt represented by the Series 2020 Bonds that is allocated to assessable properties within CCE that benefit from the improvements refinanced by the District’s Series 2020 Bonds and which have not prepaid the Series 2006 Assessments levied on their property.

Capital Improvement Program

Table 1 outlines the land uses, number of planned units and type of residential development program for the land comprising CCE, and also delineates the acreage in CCE subject to District assessments for the Series 2006 Bonds. The Engineer’s Report contained estimates of the costs to provide infrastructure to support the development program for the land uses planned for CCE and outlined in Table 1. The District funded some of these costs, while other costs were borne by other entities, as outlined in Table 3 below. The District Engineer estimated that the cost of the 2006 Project was $43,087,574. Of this amount, the District issued the Series 2006 Bonds in the original principal amount of $27,215,000 to finance the 2006 Project.

	Table 3. CCE Project Costs		
Infrastructure Cost Estimate		Cost	
Roads		$7,352,954	
Utilities		$8,760,000	
Drainage		$12,771,000	
Landscaping		$7,759,400	
Recreation		$312,000	
Other		$6,132,220	
TOTAL		$43,087,574	
Source: Fishkind and Associates, Inc. (Assessment Methodology Lakewood Ranch Stewardship District “Country Club East”, dated May 4, 2006)

Remaining 2006 Bonds Allocation

The lands within CCE have undergone substantial development since the time of the issuance of the Series 2006 Bonds. All residential lots have been platted, developed and/or sold within CCE. As part of the process, 11 residential unit owners within CCE have prepaid their respective Series 2006 Bonds debt assessments (see Table 4).

Table 4. Summary of CCE Prepaid Lots/Units

Product Type	Initial Lots/Units	Prepaids	Current Lots/Units	
Single-Family 45'	66	3	63	
Single-Family 52'	70	2	68	
Single-Family 57'	197	5	192	
Single-Family 62'	222		222	
Single-Family 76'	133		133	
Single-Family 90'	20		20	
Single-Family 100'	72	1	71	
Single-Family 125'	24		24	
Golf Course	1		1	
TOTAL	805	11	794	

The Series 2020 Bonds will be used to refund the outstanding Series 2006 Bonds. Table 5 summarizes the allocation of the bond debt and annual assessments associated with the remaining outstanding Series 2006 Bonds.

Table 5. Remaining Series 2006 Bonds Principal and Annual Assessment Allocation

Product Type	

# Units	
Series 2006
Debt Outstanding	
Series 2006 Par Amount
Per Unit	
Series 2006
Total Net Revenue	Series 2006
Net Assessment
Per Unit	

Series 2006 Total Gross Revenue	Series 2006
Gross Assessment
Per Unit	
% of Total
Annual Revenues	
Single-Family 45'	63	381,372	6,054	34,840	553	37,463	595	2.0%	
Subtotal	63	$381,372		$34,840		$37,463		2.0%	
Single-Family 52'	40	634,658	15,866	57,979	1,449	62,343	1,559	3.3%	
	26	520,369	20,014	47,538	1,828	51,116	1,966	2.7%	
	2	51,969	25,984	4,748	2,374	5,105	2,552	0.3%	
Subtotal	68	$1,206,995		$110,265		$118,565		6.3%	
Single-Family 57'	1	9,311	9,311	851	851	915	915	0.0%	
	103	994,077	9,651	90,814	882	97,649	948	5.2%	
	50	1,372,602	27,452	125,394	2,508	134,832	2,697	7.2%	
	38	1,131,517	29,777	103,370	2,720	111,150	2,925	5.9%	
Subtotal	192	$3,507,507		$320,428		$344,547		18.3%	
Single-Family 62'	46	816,947	17,760	74,632	1,622	80,250	1,745	4.3%	
	34	810,414	23,836	74,035	2,178	79,608	2,341	4.2%	
	41	980,924	23,925	89,612	2,186	96,357	2,350	5.1%	
	1	27,111	27,111	2,477	2,477	2,663	2,663	0.1%	
	37	1,048,273	28,332	95,765	2,588	102,973	2,783	5.5%	
	39	1,133,750	29,071	103,574	2,656	111,370	2,856	5.9%	
	24	728,086	30,337	66,514	2,771	71,521	2,980	3.8%	
Subtotal	222	$5,545,505		$506,610		$544,742		28.9%	
Single-Family 76'	33	686,239	20,795	62,691	1,900	67,410	2,043	3.6%	
	8	200,061	25,008	18,277	2,285	19,652	2,457	1.0%	
	37	1,171,612	31,665	107,033	2,893	115,089	3,111	6.1%	
	14	448,527	32,038	40,975	2,927	44,059	3,147	2.3%	
	41	1,396,969	34,072	127,620	3,113	137,226	3,347	7.3%	
Subtotal	133	$3,903,408		$356,596		$383,437		20.3%	
Single-Family 90'	20	822,749	41,137	75,162	3,758	80,820	4,041	4.3%	
Subtotal	20	$822,749		$75,162		$80,820		4.3%	
Single-Family 100'	19	533,427	28,075	48,731	2,565	52,399	2,758	2.8%	
	22	627,044	28,502	57,284	2,604	61,595	2,800	3.3%	
	15	551,236	36,749	50,358	3,357	54,149	3,610	2.9%	
	15	617,062	41,137	56,372	3,758	60,615	4,041	3.2%	
Subtotal	71	$2,328,768		$212,745		$228,758		12.1%	
Single-Family 125'	8	275,677	34,460	25,184	3,148	27,080	3,385	1.4%	
	7	255,992	36,570	23,386	3,341	25,146	3,592	1.3%	
	9	437,131	48,570	39,934	4,437	42,940	4,771	2.3%	
Subtotal	24	$968,800		$88,505		$95,166		5.0%	
Golf Course	1	529,895	529,895	48,409	48,409	52,052	52,052	2.8%	
Subtotal	1	$529,895	$48,409	$52,052	2.8%	
Total	794	$19,195,000	$1,753,560	$1,885,549	100.0%	
Source: LRSD CCE District Manager and PFM Financial Advisors LLC
(1) Gross assessments include an allowance for the statutory early-payment discount (4.0%), an allowance for the fees charged by the county property appraiser and tax collector (3.0%), for a grand total gross-up of 7.0%.

Series 2020 Bonds Sizing

As described previously in Section 2.1, the District’s Series 2020 Bonds will have a total par value of
$19,195,000. Table 6 presents the details for the Series 2020 Bonds.

Table 6. Details of the Series 2020 Bonds

Sources:
Bond Proceeds	Series 2020 Bonds	
Par Amount	$19,195,000.00	
Net Premium	$494,233.45	
Subtotal	$19,689,233.45	
Other Sources of Funds: Liquidation of Reserve Account	
$863,680.00	
Liquidation of Revenue Account	$638,665.32	
Liquidation of Prepayment Account	$4,694.46	
Subtotal	$1,507,039.78	
Total	$21,196,273.23	
Uses:		
Refunding Escrow Deposits		
Cash Deposit	$19,491,562.75	

Other Fund Deposits		
Interest Fund	$176,707.15	
Debt Service Reserve Fund	$141,142.50	
Subtotal	$317,849.65	
Delivery Date Expenses		
Cost of Issuance	$209,145.28	
Underwriter's Discount	$191,950.00	
Bond Insurance	$103,737.02	
Surety	$18,348.53	
Subtotal	$523,180.83	

Other Uses of Funds:		
Deferred Costs Obligation	$863,680.00	
TOTAL	$21,196,273.23	

MADS Net	
$1,411,425	
MADS Gross	$1,517,661	
Avg. Coupon Rate	2.70%	
Source: MBS Capital Markets LLC

Series 2020 Bonds Assessment (Debt) Allocation

The assessment methodology allocates debt to specific properties in CCE based upon the benefit that each property received from the portion of the 2006 Project funded by proceeds of the Series 2020 Bonds. The allocation is consistent with the allocation detailed in Table 5. Table 5 illustrates how the allocation methodology is designed to work. These illustrations calculate both the total debt allocated per lot type (shown in Table 5) as well as the assessment amounts allocated to each unit/lot (shown in Table 5).

The Series 2020 Bonds assessment values shown in Table 7 represent the assessment levels to be assigned to each individual unit/lot within CCE. Appendix A contains a detailed assessment roll for CCE. At no point shall the Series 2020 Bonds principal or annual assessments outlined below exceed the levels detailed in Table 5 (which is not in excess of the principal or annual assessments established by the assessment proceedings adopted in connection with the Series 2006 Bonds) without District Board of Supervisors’ approval (following the provision of notice to all affected property owners, the holding of a public hearing on the matter, and compliance with all other applicable Florida legal requirements related to increases in non-ad valorem special assessments).

As a result of the refunding of the Series 2006 Bonds with the Series 2020 Bonds, gross annual assessments will be reduced by an estimated 19.5% for each unit/lot owner.

Table 7. Series 2020 Bonds Principal and Annual Assessment Allocation to Benefiting Properties

Product Type	

# Units	
Series 2020
Debt Outstanding	
Series 2020 Par Amount
Per Unit	
Series 2020 Total Net Revenue	Series 2020
Net Assessment
Per Unit	

Series 2020 Total Gross Revenue	Series 2020
Gross Assessment
Per Unit	

Savings	
Single-Family 45'	63	381,372	6,054	28,043	445	30,153	479	19.5%	
Subtotal	63	$381,372		$28,043		$30,153			
Single-Family 52'	40	634,658	15,866	46,667	1,167	50,180	1,254	19.5%	
	26	520,369	20,014	38,263	1,472	41,143	1,582	19.5%	
	2	51,969	25,984	3,821	1,911	4,109	2,054	19.5%	
Subtotal	68	$1,206,995		$88,751		$95,432			
Single-Family 57'	1	9,311	9,311	685	685	736	736	19.5%	
	103	994,077	9,651	73,095	710	78,597	763	19.5%	
	50	1,372,602	27,452	100,929	2,019	108,525	2,171	19.5%	
	38	1,131,517	29,777	83,201	2,190	89,464	2,354	19.5%	
Subtotal	192	$3,507,507		$257,910		$277,323			
Single-Family 62'	46	816,947	17,760	60,071	1,306	64,592	1,404	19.5%	
	34	810,414	23,836	59,590	1,753	64,076	1,885	19.5%	
	41	980,924	23,925	72,128	1,759	77,557	1,892	19.5%	
	1	27,111	27,111	1,994	1,994	2,144	2,144	19.5%	
	37	1,048,273	28,332	77,080	2,083	82,882	2,240	19.5%	
	39	1,133,750	29,071	83,366	2,138	89,640	2,298	19.5%	
	24	728,086	30,337	53,537	2,231	57,566	2,399	19.5%	
Subtotal	222	$5,545,505		$407,766		$438,458			
Single-Family 76'	33	686,239	20,795	50,460	1,529	54,258	1,644	19.5%	
	8	200,061	25,008	14,711	1,839	15,818	1,977	19.5%	
	37	1,171,612	31,665	86,150	2,328	92,634	2,504	19.5%	
	14	448,527	32,038	32,981	2,356	35,463	2,533	19.5%	
	41	1,396,969	34,072	102,720	2,505	110,452	2,694	19.5%	
Subtotal	133	$3,903,408		$287,021		$308,625			
Single-Family 90'	20	822,749	41,137	60,497	3,025	65,051	3,253	19.5%	
Subtotal	20	$822,749		$60,497		$65,051			
Single-Family 100'	19	533,427	28,075	39,223	2,064	42,176	2,220	19.5%	
	22	627,044	28,502	46,107	2,096	49,577	2,254	19.5%	
	15	551,236	36,749	40,533	2,702	43,584	2,906	19.5%	
	15	617,062	41,137	45,373	3,025	48,788	3,253	19.5%	
Subtotal	71	$2,328,768		$171,236		$184,125			
Single-Family 125'	8	275,677	34,460	20,271	2,534	21,797	2,725	19.5%	
	7	255,992	36,570	18,823	2,689	20,240	2,891	19.5%	
	9	437,131	48,570	32,143	3,571	34,562	3,840	19.5%	
Subtotal	24	$968,800		$71,237		$76,599			
Golf Course	1	529,895	529,895	38,964	38,964	41,896	41,896	19.5%	
Subtotal	1	$529,895	$38,964	$41,896	
Total	794	$19,195,000	$1,411,425	$1,517,661	19.5%	
Source: PFM Financial Advisors LLC
(1) Gross assessments include an allowance for the statutory early-payment discount (4.0%), an allowance for the fees charged by the county property appraiser and tax collector (3.0%), for a grand total gross-up of 7.0%.

Appendix A - CCE Detailed Assessment Roll

Folio	

Lot #	

Type	

Address	Series 2006 Net		
Series 2020 Bond		Series 2020 Bond		Series 2020 Bond	
				Annul Assessment				Net Annual		Gross Annual	
						Principal per Unit	Assessment per Unit	Assessment per Unit	
586311559	LOT 1 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1155/9	Whittlebury 57'	15209 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586311609	LOT 2 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1160/9	Whittlebury 57'	15213 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586311659	LOT 3 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1165/9	Whittlebury 57'	15217 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586311709	LOT 4 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI# 5863.1170/9	Whittlebury 57'	15226 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586311759	LOT 5 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1175/9	Whittlebury 57'	15307 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586311809	LOT 6 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1180/9	Whittlebury 57'	15311 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586311859	LOT 7 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1185/9	Whittlebury 57'	15315 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586311909	LOT 8 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1190/9	Whittlebury 57'	15319 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586311959	LOT 9 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1195/9	Whittlebury 57'	15321 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586312009	LOT 10 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1200/9	Whittlebury 57'	15323 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586312059	LOT 11 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1205/9	Whittlebury 57'	15327 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586312109	LOT 12 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1210/9	Whittlebury 57'	15403 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586312159	LOT 13 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1215/9	Whittlebury 57'	15407 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586312209	LOT 14 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1220/9	Whittlebury 57'	15415 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586312259	LOT 15 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1225/9	Whittlebury 57'	15507 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586312309	LOT 16 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1230/9	Whittlebury 57'	15511 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586312359	LOT 17 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1235/9	Whittlebury 57'	15519 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586312409	LOT 18 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1240/9	Whittlebury 57'	15523 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586312459	LOT 19 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1245/9	Whittlebury 57'	15527 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586312509	LOT 20 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1250/9	Whittlebury 57'	15603 Castle Park Ter.	$0.00	$0.00	$0.00	$0.00	
586312559	LOT 21 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1255/9	Whittlebury 57'	15607 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586312609	LOT 22 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1260/9	Whittlebury 57'	15611 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586312659	LOT 23 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1265/9	Whittlebury 57'	15615 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586312709	LOT 24 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1270/9	Whittlebury 57'	15623 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586312759	LOT 25 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1275/9	Whittlebury 57'	15705 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586312809	LOT 26 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1280/9	Whittlebury 57'	15709 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586312859	LOT 27 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1285/9	Whittlebury 57'	15713 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586312909	LOT 28 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1290/9	Whittlebury 57'	15715 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586312959	LOT 29 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1295/9	Whittlebury 57'	15717 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586313009	LOT 30 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1300/9	Whittlebury 57'	15721 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586313059	LOT 31 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1305/9	Whittlebury 57'	15720 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586313109	LOT 32 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1310/9	Whittlebury 57'	15716 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586313159	LOT 33 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1315/9	Whittlebury 57'	15712 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586313209	LOT 34 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1320/9	Whittlebury 57'	15708 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586313259	LOT 35 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1325/9	Whittlebury 57'	15704 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586313309	LOT 36 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1330/9	Whittlebury 57'	15622 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586313359	LOT 37 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1335/9	Whittlebury 57'	15618 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586313409	LOT 38 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1340/9	Whittlebury 57'	15614 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586313459	LOT 39 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH VV, UNIT 1 A/K/A WHITTLEBURY PI#5863.1345/9	Whittlebury 57'	15610 Castle Park Ter.	$2,720.26	$29,776.77	$2,189.51	$2,354.31	
586318059	LOT 1 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 62'	16507 BERWICK TER BRADENTON 34202 - SCT	$2,771.43	$30,336.91	$2,230.70	$2,398.60	
586318109	LOT 2 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 62'	16511 BERWICK TER BRADENTON 34202 - SCT	$2,771.43	$30,336.91	$2,230.70	$2,398.60	
586318159	LOT 3 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 62'	16515 BERWICK TER BRADENTON 34202 - SCT	$2,771.43	$30,336.91	$2,230.70	$2,398.60	
586318209	LOT 4 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 62'	16519 BERWICK TER BRADENTON 34202 - SCT	$2,771.43	$30,336.91	$2,230.70	$2,398.60	
586318259	LOT 5 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 62'	16523 BERWICK TER BRADENTON 34202 - SCT	$2,771.43	$30,336.91	$2,230.70	$2,398.60	
586318309	LOT 6 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 62'	16527 BERWICK TER BRADENTON 34202 - SCT	$2,771.43	$30,336.91	$2,230.70	$2,398.60	
586318359	LOT 7 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 62'	16531 BERWICK TER BRADENTON 34202 - SCT	$2,771.43	$30,336.91	$2,230.70	$2,398.60	
586318409	LOT 8 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 62'	16535 BERWICK TER BRADENTON 34202 - SCT	$2,771.43	$30,336.91	$2,230.70	$2,398.60	
586318459	LOT 9 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 62'	16539 BERWICK TER BRADENTON 34202 - SCT	$2,771.43	$30,336.91	$2,230.70	$2,398.60	
586318509	LOT 10 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 62'	16543 BERWICK TER BRADENTON 34202 - SCT	$2,771.43	$30,336.91	$2,230.70	$2,398.60	
586318559	LOT 11 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 62'	16547 BERWICK TER BRADENTON 34202 - SCT	$2,771.43	$30,336.91	$2,230.70	$2,398.60	
586318609	LOT 12 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16605 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586318659	LOT 13 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16609 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586318709	LOT 14 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16613 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586318759	LOT 15 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16617 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586318809	LOT 16 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16621 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586318859	LOT 17 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16625 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586318909	LOT 18 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16703 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586318959	LOT 19 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16707 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586319009	LOT 20 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16711 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586319059	LOT 21 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16715 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586319109	LOT 22 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16719 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586319159	LOT 23 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16723 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	

Folio	

Lot #	

Type	

Address	Series 2006 Net		
Series 2020 Bond		Series 2020 Bond		Series 2020 Bond	
				Annul Assessment				Net Annual		Gross Annual	
						Principal per Unit	Assessment per Unit	Assessment per Unit	
586319209	LOT 24 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16727 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586319259	LOT 25 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16801 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586319309	LOT 26 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16805 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586319359	LOT 27 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16809 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586319409	LOT 28 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16813 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586319459	LOT 29 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16817 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586319509	LOT 30 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16821 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586319559	LOT 31 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16825 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586319609	LOT 32 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16829 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586319659	LOT 33 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16826 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586319709	LOT 34 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16822 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586319759	LOT 35 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16818 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586319809	LOT 36 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16814 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586319859	LOT 37 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16810 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586319909	LOT 38 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16806 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586319959	LOT 39 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	NO ASSIGNED ADDRESS BRADENTON 34202 - S	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586320009	LOT 40 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	NO ASSIGNED ADRESS BRADENTON 34202 - SC	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586320059	LOT 41 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16724 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586320109	LOT 42 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16720 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586320159	LOT 43 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16716 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586320209	LOT 44 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16712 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586320259	LOT 45 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16708 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586320309	LOT 46 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16704 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586320359	LOT 47 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16628 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586320409	LOT 48 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16624 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586320459	LOT 49 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16618 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586320509	LOT 50 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16614 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586320559	LOT 51 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16610 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586320609	LOT 52 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 76'	16606 BERWICK TER BRADENTON 34202 - SCT	$3,112.69	$34,072.41	$2,505.37	$2,693.95	
586320659	LOT 53 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 62'	16615 COLLINGTREE XING BRADENTON 34202 - S	$2,771.43	$30,336.91	$2,230.70	$2,398.60	
586320709	LOT 54 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 62'	16616 COLLINGTREE XING BRADENTON 34202 - S	$2,771.43	$30,336.91	$2,230.70	$2,398.60	
586320759	LOT 55 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 62'	16612 COLLINGTREE XING BRADENTON 34202 - S	$2,771.43	$30,336.91	$2,230.70	$2,398.60	
586320809	LOT 56 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 62'	16608 COLLINGTREE XING BRADENTON 34202 - S	$2,771.43	$30,336.91	$2,230.70	$2,398.60	
586320859	LOT 57 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 62'	16604 COLLINGRTREE XING BRADENTON 34202 -	$2,771.43	$30,336.91	$2,230.70	$2,398.60	
586320909	LOT 58 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 62'	16538 BERWICK TER BRADENTON 34202 - SCT	$2,771.43	$30,336.91	$2,230.70	$2,398.60	
586320959	LOT 59 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 62'	16532 BERWICK TER BRADENTON 34202 - SCT	$2,771.43	$30,336.91	$2,230.70	$2,398.60	
586321009	LOT 60 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 62'	16528 BERWICK TER BRADENTON 34202 - SCT	$2,771.43	$30,336.91	$2,230.70	$2,398.60	
586321059	LOT 61 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 62'	16524 BERWICK TER BRADENTON 34202 - SCT	$2,771.43	$30,336.91	$2,230.70	$2,398.60	
586321109	LOT 62 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 62'	16520 BERWICK TER BRADENTON 34202 - SCT	$2,771.43	$30,336.91	$2,230.70	$2,398.60	
586321159	LOT 63 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 62'	16516 BERWICK TER BRADENTON 34202 - SCT	$2,771.43	$30,336.91	$2,230.70	$2,398.60	
586321209	LOT 64 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 62'	16512 BERWICK TER BRADENTON 34202 - SCT	$2,771.43	$30,336.91	$2,230.70	$2,398.60	
586321259	LOT 65 COUNTRY CLUB EAST AT LAKEWOOD RANCH SP UU	Collingtree 62'	16508 BERWICK TER BRADENTON 34202 - SCT	$2,771.43	$30,336.91	$2,230.70	$2,398.60	
586520059	LOT 1 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	76'	7805 VALDERRAMA WAY	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586520109	LOT 2 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	62'	7809 VALDERRAMA WAY	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586520159	LOT 3 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	76'	7813 VALDERRAMA WAY	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586520209	LOT 4 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	62'	7817 VALDERRAMA WAY	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586520259	LOT 5 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	52'	7821 VALDERRAMA WAY	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586520309	LOT 6 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	52'	7825 VALDERRAMA WAY		$0.00	$0.00	$0.00	
586520359	LOT 7 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	52'	7829 VALDERRAMA WAY	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586520409	LOT 8 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	62'	7833 VALDERRAMA WAY	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586520459	LOT 9 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	76'	7837 VALDERRAMA WAY	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586520509	LOT 10 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	62'	7841 VALDERRAMA WAY	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586520559	LOT 11 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	76'	7845 VALDERRAMA WAY	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586520609	LOT 12 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	76'	7849 Valderrama Way	$2,926.80	$32,037.64	$2,355.76	$2,533.07	
586520659	LOT 13 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	62'	15403 HELMSDALE PL	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586520709	LOT 14 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	52'	15407 HELMSDALE PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586520759	LOT 15 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	52'	15417 HELMSDALE PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586520809	LOT 16 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	52'	15422 HELMSDALE PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586520859	LOT 17 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	52'	15418 HELMSDALE PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586520909	LOT 18 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	52'	15414 HELMSDALE PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586520959	LOT 19 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	52'	15410 HELMSDALE PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586521009	LOT 20 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	62'	15406 HELMSDALE PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	

Folio	

Lot #	

Type	

Address	Series 2006 Net		
Series 2020 Bond		Series 2020 Bond		Series 2020 Bond	
				Annul Assessment				Net Annual		Gross Annual	
						Principal per Unit	Assessment per Unit	Assessment per Unit	
586521059	LOT 21 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	76'	15402 HELMSDALE PL	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586521109	LOT 22 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	76'	15324 HELMSDALE PL	$2,926.80	$32,037.64	$2,355.76	$2,533.07	
586521159	LOT 23 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	76'	15320 HELMSDALE PL	$2,926.80	$32,037.64	$2,355.76	$2,533.07	
586521209	LOT 24 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	62'	15316 HELMSDALE PL	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586521259	LOT 25 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	52'	15312 HELMSDALE PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586521309	LOT 26 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	52'	15308 HELMSDALE PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586521359	LOT 27 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	62'	15304 HELMSDALE PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586521409	LOT 28 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	76'	15230 HELMSDALE PL	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586521459	LOT 29 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	76'	15226 HELMSDALE PL	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586521509	LOT 30 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	76'	15222 HELMSDALE PL	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586521559	LOT 31 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	76'	15218 HELMSDALE PL	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586521609	LOT 32 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	62'	15214 HELMSDALE PL	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586521659	LOT 33 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	52'	15210 HELMSDALE PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586521709	LOT 34 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	52'	15206 HELMSDALE PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586521759	LOT 35 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	52'	15207 HELMSDALE PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586521809	LOT 36 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	52'	15211 HELMSDALE PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586521859	LOT 37 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	52'	15217 HELMSDALE PL	$1,828.40	$20,014.18	$1,471.66	$1,582.43	
586521909	LOT 38 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	62'	15221 HELMSDALE PL	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586521959	LOT 39 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	76'	15225 HELMSDALE PL	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586522009	LOT 40 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	62'	15229 HELMSDALE PL	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586522059	LOT 41 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	52'	15305 HELMSDALE PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586522109	LOT 42 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	52'	15311 Helmsdale Pl	$2,373.80	$25,984.28	$1,910.65	$2,054.46	
586522159	LOT 43 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	52'	7848 VALDERRAMA WAY	$1,828.40	$20,014.18	$1,471.66	$1,582.43	
586522209	LOT 44 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	62'	7844 VALDERRAMA WAY	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586522259	LOT 45 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	62'	7840 VALDERRAMA WAY	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586522309	LOT 46 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	76'	7836 VALDERRAMA WAY	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586522359	LOT 47 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	76'	7828 VALDERRAMA WAY	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586522409	LOT 48 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	62'	7824 VALDERRAMA WAY	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586522459	LOT 49 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	52'	7812 VALDERRAMA WAY	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586522509	LOT 50 BLOCK 1 COUNTRY CLUB EAST SBP OO U1,2	52'	7806 VALDERRAMA WAY	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586522559	LOT 1 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14933 LEOPARD CREEK PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586522609	LOT 2 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	62'	14929 LEOPARD CREEK PL	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586522659	LOT 3 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	62'	14925 LEOPARD CREEK PL	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586522709	LOT 4 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	76'	14921 LEOPARD CREEK PL	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586522759	LOT 5 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	62'	14917 LEOPARD CREEK PL	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586522809	LOT 6 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14913 LEOPARD CREEK PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586522859	LOT 7 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14909 LEOPARD CREEK PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586522909	LOT 8 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14905 LEOPARD CREEK PL	$1,828.40	$20,014.18	$1,471.66	$1,582.43	
586522959	LOT 9 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14831 LEOPARD CREEK PL	$2,373.80	$25,984.28	$1,910.65	$2,054.46	
586523009	LOT 10 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	62'	14827 LEOPARD CREEK PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586523059	LOT 11 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	76'	14823 LEOPARD CREEK PL	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586523109	LOT 12 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	62'	14819 LEOPARD CREEK PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586523159	LOT 13 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14815 LEOPARD CREEK PL	$1,828.40	$20,014.18	$1,471.66	$1,582.43	
586523209	LOT 14 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14811 LEOPARD CREEK PL	$1,828.40	$20,014.18	$1,471.66	$1,582.43	
586523259	LOT 15 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14807 LEOPARD CREEK PL	$1,828.40	$20,014.18	$1,471.66	$1,582.43	
586523309	LOT 16 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14721 LEOPARD CREEK PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586523359	LOT 17 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	62'	14717 LEOPARD CREEK PL	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586523409	LOT 18 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	76'	14713 LEOPARD CREEK PL	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586523459	LOT 19 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	76'	14709 LEOPARD CREEK PL	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586523509	LOT 20 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	62'	14705 LEOPARD CREEK PL	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586523559	LOT 21 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	76'	14619 LEOPARD CREEK PL	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586523609	LOT 22 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	76'	14615 LEOPARD CREEK PL	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586523659	LOT 23 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	76'	14611 LEOPARD CREEK PL	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586523709	LOT 24 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	62'	14607 LEOPARD CREEK PL	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586523759	LOT 25 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14603 LEOPARD CREEK PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586523809	LOT 26 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14527 LEOPARD CREEK PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586523859	LOT 27 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	62'	14523 LEOPARD CREEK PL	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586523909	LOT 28 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	76'	14519 LEOPARD CREEK PL	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586523959	LOT 29 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	76'	14515 LEOPARD CREEK PL	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586524009	LOT 30 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	62'	14511 LEOPARD CREEK PL	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586524059	LOT 31 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	76'	14507 LEOPARD CREEK PL	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586524109	LOT 32 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14504 LEOPARD CREEK PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	

Folio	

Lot #	

Type	

Address	Series 2006 Net		
Series 2020 Bond		Series 2020 Bond		Series 2020 Bond	
				Annul Assessment				Net Annual		Gross Annual	
						Principal per Unit	Assessment per Unit	Assessment per Unit	
586524159	LOT 33 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	62'	14506 LEOPARD CREEK PL	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586524209	LOT 34 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14508 LEOPARD CREEK PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586524259	LOT 35 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	62'	14510 LEOPARD CREEK PL	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586524309	LOT 36 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14512 LEOPARD CREEK PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586524359	LOT 37 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14514 LEOPARD CREEK PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586524409	LOT 38 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	62'	14516 LEOPARD CREEK PL	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586524459	LOT 39 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	76'	14520 Leopard Creek Pl	$2,926.80	$32,037.64	$2,355.76	$2,533.07	
586524509	LOT 40 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	62'	14610 NEWTONMORE LN	$2,476.74	$27,111.16	$1,993.51	$2,143.56	
586524559	LOT 41 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	62'	14614 NEWTONMORE LN	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586524609	LOT 42 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14622 NEWTONMORE LN	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586524659	LOT 43 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14628 NEWTONMORE LN	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586524709	LOT 44 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14632 NEWTONMORE LN	$1,828.40	$20,014.18	$1,471.66	$1,582.43	
586524759	LOT 45 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14636 NEWTONMORE LN	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586524809	LOT 46 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14640 NEWTONMORE LN	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586524859	LOT 47 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	62'	14644 NEWTONMORE LN	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586524909	LOT 48 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	76'	14648 NEWTONMORE LN	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586524959	LOT 49 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	76'	14652 NEWTONMORE LN	$2,284.57	$25,007.57	$1,838.83	$1,977.23	
586525009	LOT 50 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	76'	14704 NEWTONMORE LN	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586525059	LOT 51 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	62'	14708 NEWTONMORE LN	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586525109	LOT 52 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14712 NEWTONMORE LN	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586525159	LOT 53 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14716 NEWTONMORE LN	$0.00	$0.00	$0.00	$0.00	
586525209	LOT 54 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	62'	14720 NEWTONMORE LN	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586525259	LOT 55 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	76'	14724 NEWTONMORE LN	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586525309	LOT 56 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	62'	14728 NEWTONMORE LN	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586525359	LOT 57 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14902 Leopard Creek Place	$1,828.40	$20,014.18	$1,471.66	$1,582.43	
586525409	LOT 58 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14906 LEOPARD CREEK PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586525459	LOT 59 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	76'	14822 Leopard Creek Pl	$2,926.80	$32,037.64	$2,355.76	$2,533.07	
586525509	LOT 60 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	62'	14729 NEWTONMORE LN	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586525559	LOT 61 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14725 NEWTONMORE LN	$1,828.40	$20,014.18	$1,471.66	$1,582.43	
586525609	LOT 62 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	62'	14719 NEWTONMORE LN	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586525659	LOT 63 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	76'	14709 NEWTONMORE LN	$2,284.57	$25,007.57	$1,838.83	$1,977.23	
586525709	LOT 64 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	76'	14705 NEWTONMORE LN	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586525759	LOT 65 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	62'	14657 NEWTONMORE LN	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586525809	LOT 66 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14653 NEWTONMORE LN	$1,828.40	$20,014.18	$1,471.66	$1,582.43	
586525859	LOT 67 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14649 NEWTONMORE LN	$1,828.40	$20,014.18	$1,471.66	$1,582.43	
586525909	LOT 68 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14647 NEWTONMORE LN	$1,828.40	$20,014.18	$1,471.66	$1,582.43	
586525959	LOT 69 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	62'	14639 NEWTONMORE LN	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586526009	LOT 70 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	62'	14621 NEWTONMORE LN	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586526059	LOT 71 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	76'	14613 NEWTONMORE LN	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586526109	LOT 72 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	76'	14609 NEWTONMORE LN	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586526159	LOT 73 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	76'	14605 Newtonmore Ln	$2,926.80	$32,037.64	$2,355.76	$2,533.07	
586526209	LOT 74 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	62'	14612 LEOPARD CREEK PL	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586526259	LOT 75 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14616 LEOPARD CREEK PL	$1,828.40	$20,014.18	$1,471.66	$1,582.43	
586526309	LOT 76 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14620 LEOPARD CREEK PL	$1,828.40	$20,014.18	$1,471.66	$1,582.43	
586526359	LOT 77 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	52'	14706 LEOPARD CREEK PL	$1,828.40	$20,014.18	$1,471.66	$1,582.43	
586526409	LOT 78 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	62'	14710 LEOPARD CREEK PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586526459	LOT 79 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	76'	14714 LEOPARD CREEK PL	$2,926.80	$32,037.64	$2,355.76	$2,533.07	
586526509	LOT 80 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	62'	14718 LEOPARD CREEK PL	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586526559	LOT 81 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	62'	14722 LEOPARD CREEK PL	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586526609	LOT 82 BLOCK 2 COUNTRY CLUB EAST SBP OO U1,2	76'	14806 LEOPARD CREEK PL	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586528059	LOT 1 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	100'	7515 LADYBANK XING	$2,603.80	$28,501.98	$2,095.78	$2,253.52	
586528109	LOT 2 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	100'	7511 LADYBANK XING	$2,603.80	$28,501.98	$2,095.78	$2,253.52	
586528159	LOT 3 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	100'	7507 LADYBANK XING	$2,603.80	$28,501.98	$2,095.78	$2,253.52	
586528209	LOT 4 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	100'	7505 Ladybank Crossing		$0.00	$0.00	$0.00	
586528259	LOT 5 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	100'	15108 CAMARGO PL	$2,603.80	$28,501.98	$2,095.78	$2,253.52	
586528309	LOT 6 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	100'	15112 CAMARGO PL	$2,603.80	$28,501.98	$2,095.78	$2,253.52	
586528359	LOT 7 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	100'	15206 CAMARGO PL	$2,603.80	$28,501.98	$2,095.78	$2,253.52	
586528409	LOT 8 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	100'	15211 CAMARGO PL	$2,603.80	$28,501.98	$2,095.78	$2,253.52	
586528459	LOT 9 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	100'	15207 CAMARGO PL	$2,603.80	$28,501.98	$2,095.78	$2,253.52	
586528509	LOT 10 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	100'	15113 CAMARGO PL	$2,603.80	$28,501.98	$2,095.78	$2,253.52	
586528559	LOT 11 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	125'	15109 CAMARGO PL	$3,148.06	$34,459.62	$2,533.85	$2,724.57	
586528609	LOT 12 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	125'	15105 CAMARGO PL	$3,148.06	$34,459.62	$2,533.85	$2,724.57	

Folio	

Lot #	

Type	

Address	Series 2006 Net		
Series 2020 Bond		Series 2020 Bond		Series 2020 Bond	
				Annul Assessment				Net Annual		Gross Annual	
						Principal per Unit	Assessment per Unit	Assessment per Unit	
586528659	LOT 13 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	125'	15007 CAMARGO PL	$3,148.06	$34,459.62	$2,533.85	$2,724.57	
586528709	LOT 14 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	125'	15003 CAMARGO PL	$3,340.88	$36,570.32	$2,689.05	$2,891.45	
586528759	LOT 15 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	100'	14919 CAMARGO PL	$2,603.80	$28,501.98	$2,095.78	$2,253.52	
586528809	LOT 16 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	100'	14917 CAMARGO PL	$3,357.21	$36,749.06	$2,702.19	$2,905.58	
586528859	LOT 17 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	100'	14915 CAMARGO PL	$2,564.80	$28,075.09	$2,064.39	$2,219.77	
586528909	LOT 18 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	100'	14911 CAMARGO PL	$2,564.80	$28,075.09	$2,064.39	$2,219.77	
586528959	LOT 19 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	100'	14907 CAMARGO PL	$2,564.80	$28,075.09	$2,064.39	$2,219.77	
586529009	LOT 20 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	125'	14809 CAMARGO PL	$3,340.88	$36,570.32	$2,689.05	$2,891.45	
586529059	LOT 21 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	125'	14805 CAMARGO PL	$3,340.88	$36,570.32	$2,689.05	$2,891.45	
586529109	LOT 22 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	125'	14715 CAMARGO PL	$4,437.13	$48,570.12	$3,571.40	$3,840.22	
586529159	LOT 23 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	125'	14711 CAMARGO PL	$4,437.13	$48,570.12	$3,571.40	$3,840.22	
586529209	LOT 24 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	125'	14705 CAMARGO PL	$3,340.88	$36,570.32	$2,689.05	$2,891.45	
586529259	LOT 25 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	100'	14710 CAMARGO PL	$2,564.80	$28,075.09	$2,064.39	$2,219.77	
586529309	LOT 26 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	100'	14714 CAMARGO PL	$2,564.80	$28,075.09	$2,064.39	$2,219.77	
586529359	LOT 27 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	100'	14718 CAMARGO PL	$3,357.21	$36,749.06	$2,702.19	$2,905.58	
586529409	LOT 28 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	100'	14804 CAMARGO PL	$3,357.21	$36,749.06	$2,702.19	$2,905.58	
586529459	LOT 29 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	100'	14808 CAMARGO PL	$3,357.21	$36,749.06	$2,702.19	$2,905.58	
586529509	LOT 30 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	100'	14812 CAMARGO PL	$3,357.21	$36,749.06	$2,702.19	$2,905.58	
586529559	LOT 31 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	100'	14906 CAMARGO PL	$3,357.21	$36,749.06	$2,702.19	$2,905.58	
586529609	LOT 32 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	100'	14910 CAMARGO PL	$3,357.21	$36,749.06	$2,702.19	$2,905.58	
586529659	LOT 33 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	100'	14914 CAMARGO PL	$2,603.80	$28,501.98	$2,095.78	$2,253.52	
586529709	LOT 34 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	100'	14918 CAMARGO PL	$2,603.80	$28,501.98	$2,095.78	$2,253.52	
586529759	LOT 35 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	100'	15002 CAMARGO PL	$2,564.80	$28,075.09	$2,064.39	$2,219.77	
586529809	LOT 36 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	100'	7506 LADYBANK XING	$3,357.21	$36,749.06	$2,702.19	$2,905.58	
586529859	LOT 37 BLOCK 1 COUNTRY CLUB EAST SBP PP U1,2,3	100'	7510 LADYBANK XING	$3,357.21	$36,749.06	$2,702.19	$2,905.58	
586529909	LOT 1 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	76'	15505 LEVEN LINKS PL	$2,284.57	$25,007.57	$1,838.83	$1,977.23	
586529959	LOT 2 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	76'	15509 LEVEN LINKS PL	$2,926.80	$32,037.64	$2,355.76	$2,533.07	
586530009	LOT 3 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	62'	15513 LEVEN LINKS PL	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586530059	LOT 4 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	76'	15517 LEVEN LINKS PL	$2,926.80	$32,037.64	$2,355.76	$2,533.07	
586530109	LOT 5 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	62'	15521 LEVEN LINKS PL	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586530159	LOT 6 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	62'	15525 LEVEN LINKS PL	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586530209	LOT 7 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	52'	15527 LEVEN LINKS PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586530259	LOT 8 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	62'	15607 LEVEN LINKS PL	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586530309	LOT 9 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	76'	15611 LEVEN LINKS PL	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586530359	LOT 10 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	62'	15615 LEVEN LINKS PL	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586530409	LOT 11 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	52'	15619 LEVEN LINKS PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586530459	LOT 12 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	52'	15623 LEVEN LINKS PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586530509	LOT 13 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	62'	15616 LEVEN LINKS PL	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586530559	LOT 14 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	62'	15612 LEVEN LINKS PL	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586530609	LOT 15 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	52'	15608 LEVEN LINKS PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586530659	LOT 16 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	52'	15606 LEVEN LINKS PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586530709	LOT 17 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	62'	15526 LEVEN LINKS PL	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586530759	LOT 18 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	76'	15522 LEVEN LINKS PL	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586530809	LOT 19 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	62'	15520 LEVEN LINKS PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586530859	LOT 20 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	52'	15518 LEVEN LINKS PL	$1,828.40	$20,014.18	$1,471.66	$1,582.43	
586530909	LOT 21 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	52'	15516 LEVEN LINKS PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586530959	LOT 22 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	62'	15512 LEVEN LINKS PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586531009	LOT 23 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	76'	15508 LEVEN LINKS PL	$2,284.57	$25,007.57	$1,838.83	$1,977.23	
586531059	LOT 24 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	76'	15504 LEVEN LINKS PL	$2,284.57	$25,007.57	$1,838.83	$1,977.23	
586531109	LOT 25 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	62'	7709 HAZELTINE GLN	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586531159	LOT 26 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	76'	7713 HAZELTINE GLN	$2,284.57	$25,007.57	$1,838.83	$1,977.23	
586531209	LOT 27 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	62'	7717 HAZELTINE GLN	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586531259	LOT 28 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	52'	7718 HAZELTINE GLN	$1,828.40	$20,014.18	$1,471.66	$1,582.43	
586531309	LOT 29 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	52'	7714 HAZELTINE GLN	$1,828.40	$20,014.18	$1,471.66	$1,582.43	
586531359	LOT 30 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	62'	7710 HAZELTINE GLN	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586531429	LOT 31 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	76'	15426 LEVEN LINKS PL	$2,926.80	$32,037.64	$2,355.76	$2,533.07	
586531429	LOT 32 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	76'	LEVEN LINKS PL	$2,926.80	$32,037.64	$2,355.76	$2,533.07	
586531509	LOT 33 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	62'	15418 LEVEN LINKS PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586531559	LOT 34 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	76'	15414 LEVEN LINKS PL	$2,926.80	$32,037.64	$2,355.76	$2,533.07	
586531609	LOT 35 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	76'	15410 LEVEN LINKS PL	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586531659	LOT 36 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	62'	15406 LEVEN LINKS PL	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586531709	LOT 37 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	62'	15328 LEVEN LINKS PL	$1,622.44	$17,759.72	$1,305.89	$1,404.18	

Folio	

Lot #	

Type	

Address	Series 2006 Net		
Series 2020 Bond		Series 2020 Bond		Series 2020 Bond	
				Annul Assessment				Net Annual		Gross Annual	
						Principal per Unit	Assessment per Unit	Assessment per Unit	
586531759	LOT 38 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	52'	15324 LEVEN LINKS PL	$1,828.40	$20,014.18	$1,471.66	$1,582.43	
586531809	LOT 39 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	52'	15320 LEVEN LINKS PL	$1,828.40	$20,014.18	$1,471.66	$1,582.43	
586531859	LOT 40 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	52'	15316 LEVEN LINKS PL	$1,828.40	$20,014.18	$1,471.66	$1,582.43	
586531909	LOT 41 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	52'	15312 LEVEN LINKS PL	$1,449.48	$15,866.45	$1,166.67	$1,254.49	
586531959	LOT 42 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	62'	15307 LEVEN LINKS PL	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586532009	LOT 43 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	52'	15311 LEVEN LINKS PL	$1,828.40	$20,014.18	$1,471.66	$1,582.43	
586532059	LOT 44 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	52'	15315 LEVEN LINKS PL	$1,828.40	$20,014.18	$1,471.66	$1,582.43	
586532109	LOT 45 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	52'	15319 LEVEN LINKS PL	$1,828.40	$20,014.18	$1,471.66	$1,582.43	
586532159	LOT 46 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	62'	15323 LEVEN LINKS PL	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586532209	LOT 47 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	76'	15327 LEVEN LINKS PL	$2,926.80	$32,037.64	$2,355.76	$2,533.07	
586532259	LOT 48 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	76'	15331 LEVEN LINKS PL	$2,284.57	$25,007.57	$1,838.83	$1,977.23	
586532309	LOT 49 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	76'	15403 LEVEN LINKS PL	$2,926.80	$32,037.64	$2,355.76	$2,533.07	
586532359	LOT 50 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	76'	15407 LEVEN LINKS PL	$1,899.74	$20,795.13	$1,529.08	$1,644.18	
586532409	LOT 51 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	62'	15411 LEVEN LINKS PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586532459	LOT 52 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	52'	15415 LEVEN LINKS PL	$1,828.40	$20,014.18	$1,471.66	$1,582.43	
586532509	LOT 53 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	52'	15419 LEVEN LINKS PL	$1,828.40	$20,014.18	$1,471.66	$1,582.43	
586532559	LOT 54 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	62'	15423 LEVEN LINKS PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586532609	LOT 55 BLOCK 2 COUNTRY CLUB EAST SBP PP U1,2,3	76'	15427 LEVEN LINKS PL	$2,284.57	$25,007.57	$1,838.83	$1,977.23	
586532659	LOT 1 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	125'	15504 LINN PARK TER	$4,437.13	$48,570.12	$3,571.40	$3,840.22	
586532709	LOT 2 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	100'	15506 LINN PARK TER	$2,564.80	$28,075.09	$2,064.39	$2,219.77	
586532759	LOT 3 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	100'	15508 LINN PARK TER	$2,564.80	$28,075.09	$2,064.39	$2,219.77	
586532809	LOT 4 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	100'	15512 LINN PARK TER	$2,564.80	$28,075.09	$2,064.39	$2,219.77	
586532859	LOT 5 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	125'	15606 LINN PARK TER	$4,437.13	$48,570.12	$3,571.40	$3,840.22	
586532909	LOT 6 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	125'	15612 LINN PARK TER	$4,437.13	$48,570.12	$3,571.40	$3,840.22	
586532959	LOT 7 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	125'	15616 LINN PARK TER	$4,437.13	$48,570.12	$3,571.40	$3,840.22	
586533009	LOT 8 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	100'	15620 LINN PARK TER	$2,603.80	$28,501.98	$2,095.78	$2,253.52	
586533059	LOT 9 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	125'	15621 LINN PARK TER	$3,148.06	$34,459.62	$2,533.85	$2,724.57	
586533109	LOT 10 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	125'	15617 LINN PARK TER	$3,148.06	$34,459.62	$2,533.85	$2,724.57	
586533159	LOT 11 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	125'	15613 LINN PARK TER	$3,340.88	$36,570.32	$2,689.05	$2,891.45	
586533209	LOT 12 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	100'	15609 LINN PARK TER	$3,357.21	$36,749.06	$2,702.19	$2,905.58	
586533259	LOT 13 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	100'	15605 LINN PARK TER	$3,357.21	$36,749.06	$2,702.19	$2,905.58	
586533309	LOT 14 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	100'	15507 LINN PARK TER	$3,357.21	$36,749.06	$2,702.19	$2,905.58	
586533359	LOT 15 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	125'	15503 Linn Park Ter	$4,437.13	$48,570.12	$3,571.40	$3,840.22	
586533409	LOT 16 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	100'	7509 ROYAL VALLEY CT	$3,357.21	$36,749.06	$2,702.19	$2,905.58	
586533459	LOT 17 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	100'	7505 ROYAL VALLEY CT	$2,603.80	$28,501.98	$2,095.78	$2,253.52	
586533509	LOT 18 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	100'	7502 ROYAL VALLEY CT	$2,603.80	$28,501.98	$2,095.78	$2,253.52	
586533559	LOT 19 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	100'	7506 ROYAL VALLEY CT	$2,603.80	$28,501.98	$2,095.78	$2,253.52	
586533609	LOT 20 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	100'	7510 ROYAL VALLEY CT	$2,564.80	$28,075.09	$2,064.39	$2,219.77	
586533659	LOT 21 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	100'	7514 ROYAL VALLEY CT	$2,564.80	$28,075.09	$2,064.39	$2,219.77	
586533709	LOT 22 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	100'	15411 LINN PARK TER	$2,603.80	$28,501.98	$2,095.78	$2,253.52	
586533759	LOT 23 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	125'	15407 LINN PARK TER	$3,148.06	$34,459.62	$2,533.85	$2,724.57	
586533809	LOT 24 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	100'	15401 LINN PARK TER	$2,564.80	$28,075.09	$2,064.39	$2,219.77	
586533859	LOT 25 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	125'	15311 LINN PARK TER	$3,148.06	$34,459.62	$2,533.85	$2,724.57	
586533909	LOT 26 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	100'	15307 LINN PARK TER	$3,357.21	$36,749.06	$2,702.19	$2,905.58	
586533959	LOT 27 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	100'	15303 LINN PARK TER	$2,564.80	$28,075.09	$2,064.39	$2,219.77	
586534009	LOT 28 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	100'	15213 LINN PARK TER	$3,357.21	$36,749.06	$2,702.19	$2,905.58	
586534059	LOT 29 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	100'	15209 LINN PARK TER	$2,603.80	$28,501.98	$2,095.78	$2,253.52	
586534109	LOT 30 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	100'	15205 LINN PARK TER	$2,564.80	$28,075.09	$2,064.39	$2,219.77	
586534159	LOT 31 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	100'	15115 LINN PARK TER	$2,564.80	$28,075.09	$2,064.39	$2,219.77	
586534209	LOT 32 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	125'	15111 LINN PARK TER	$4,437.13	$48,570.12	$3,571.40	$3,840.22	
586534259	LOT 33 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	125'	15107 LINN PARK TER	$3,340.88	$36,570.32	$2,689.05	$2,891.45	
586534309	LOT 34 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	100'	15110 LINN PARK TER	$2,564.80	$28,075.09	$2,064.39	$2,219.77	
586534359	LOT 35 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	100'	15114 LINN PARK TER	$2,603.80	$28,501.98	$2,095.78	$2,253.52	
586534409	LOT 36 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	125'	15206 LINN PARK TER	$4,437.13	$48,570.12	$3,571.40	$3,840.22	
586534459	LOT 37 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	125'	15212 LINN PARK TER	$3,148.06	$34,459.62	$2,533.85	$2,724.57	
586534509	LOT 38 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	125'	15304 LINN PARK TER	$3,340.88	$36,570.32	$2,689.05	$2,891.45	
586534559	LOT 39 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	100'	15308 LINN PARK TER	$2,564.80	$28,075.09	$2,064.39	$2,219.77	
586534609	LOT 40 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	100'	15312 LINN PARK TER	$2,603.80	$28,501.98	$2,095.78	$2,253.52	
586534659	LOT 41 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	100'	15402 LINN PARK TER	$2,564.80	$28,075.09	$2,064.39	$2,219.77	
586534709	LOT 42 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	100'	15404 LINN PARK TER	$2,603.80	$28,501.98	$2,095.78	$2,253.52	
586534759	LOT 43 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	100'	15408 LINN PARK TER	$2,564.80	$28,075.09	$2,064.39	$2,219.77	
586534809	LOT 44 BLOCK 3 COUNTRY CLUB EAST SBP PP U1,2,3	100'	15412 LINN PARK TER	$2,603.80	$28,501.98	$2,095.78	$2,253.52	

Folio	

Lot #	

Type	

Address	Series 2006 Net		
Series 2020 Bond		Series 2020 Bond		Series 2020 Bond	
				Annul Assessment				Net Annual		Gross Annual	
						Principal per Unit	Assessment per Unit	Assessment per Unit	
586537059	LOT 1 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14725 SECRET HARBOR PL	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586537109	LOT 2 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14721 SECRET HARBOR PL	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586537159	LOT 3 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14719 SECRET HARBOR PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586537209	LOT 4 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14715 SECRET HARBOR PL	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586537259	LOT 5 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14711 SECRET HARBOR PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586537309	LOT 6 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14707 SECRET HARBOR PL	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586537359	LOT 7 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14703 SECRET HARBOR PL	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586537409	LOT 8 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14637 SECRET HARBOR PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586537459	LOT 9 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14629 SECRET HARBOR PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586537509	LOT 10 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14621 SECRET HARBOR PL	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586537559	LOT 11 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14617 SECRET HARBOR PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586537609	LOT 12 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14613 SECRET HARBOR PL	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586537659	LOT 13 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14609 SECRET HARBOR PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586537709	LOT 14 COUNTRY CLUB EAST SBP QQ U2	62'	14605 Secret Harbor Place	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586537759	LOT 15 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14535 SECRET HARBOR PL	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586537809	LOT 16 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14531 SECRET HARBOR PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586537859	LOT 17 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14527 SECRET HARBOR PL	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586537909	LOT 18 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14523 SECRET HARBOR PL	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586537959	LOT 19 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14519 SECRET HARBOR PL	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586538009	LOT 20 COUNTRY CLUB EAST SBP QQ U2	62'	14515 SECRET HARBOR PLACE	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586538059	LOT 21 COUNTRY CLUB EAST SBP QQ U2	62'	14511 SECRET HARBOR PLACE	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586538109	LOT 22 COUNTRY CLUB EAST SBP QQ U2	62'	14507 SECRET HARBOR PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586538159	LOT 23 COUNTRY CLUB EAST SBP QQ U2	62'	14520 SECRET HARBOR PLACE	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586538209	LOT 24 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14524 SECRET HARBOR PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586538259	LOT 25 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14528 SECRET HARBOR PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586538309	LOT 26 COUNTRY CLUB EAST SBP QQ U2	62'	14604 SECRET HARBOR PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586538359	LOT 27 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14608 SECRET HARBOR PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586538409	LOT 28 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14612 SECRET HARBOR PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586538459	LOT 29 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14614 SECRET HARBOR PL	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586538509	LOT 30 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14618 SECRET HARBOR PL	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586538559	LOT 31 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14622 SECRET HARBOR PL	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586538609	LOT 32 COUNTRY CLUB EAST SBP QQ U2	62'	7508 Crosshill Ct.	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586538659	LOT 33 COUNTRY CLUB EAST SBP QQ U2	62'	7512 Crosshill Court	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586538709	LOT 34 COUNTRY CLUB EAST	62'	7511 Crosshill Ct.	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586538759	LOT 35 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	7507 CROSSHILL CT	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586538809	LOT 36 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	7503 CROSSHILL CT	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586538859	LOT 37 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14628 SECRET HARBOR PL	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586538909	LOT 38 COUNTRY CLUB EAST SBP QQ U2	62'	14632 SECRET HARBOR PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586538959	LOT 39 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14636 SECRET HARBOR PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586539009	LOT 40 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14640 SECRET HARBOR PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586539059	LOT 41 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14704 SECRET HARBOR PL	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586539109	LOT 42 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14710 SECRET HARBOR PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586539159	LOT 43 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14718 SECRET HARBOR PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586539209	LOT 44 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14722 SECRET HARBOR PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586539259	LOT 45 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14726 SECRET HARBOR PL	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586539309	LOT 46 COUNTRY CLUB EAST SBP QQ U2	62'	14806 SECRET HARBOR PL	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586539359	LOT 47 COUNTRY CLUB EAST SBP QQ U2	62'	14810 Secret Harbor Place	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586539409	LOT 48 COUNTRY CLUB EAST SBP QQ U2	62'	14814 SECRET HARBOR PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586539459	LOT 49 COUNTRY CLUB EAST SBP QQ U2	62'	14818 SECRET HARBOR PLACE	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586539509	LOT 50 COUNTRY CLUB EAST SBP QQ U2	62'	14822 SECRET HARBOR PLACE	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586539559	LOT 51 COUNTRY CLUB EAST SBP QQ U2	62'	14904 SECRET HARBOR PLACE	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586539609	LOT 52 COUNTRY CLUB EAST SBP QQ U2	62'	14908 SECRET HARBOR PLACE	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586539659	LOT 53 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14912 SECRET HARBOR PL	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586539709	LOT 54 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14916 SECRET HARBOR PL	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586539759	LOT 55 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14920 SECRET HARBOR PL	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586539809	LOT 56 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14909 SECRET HARBOR PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586539859	LOT 57 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14905 SECRET HARBOR PL	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586539909	LOT 58 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14821 SECRET HARBOR PL	$2,185.67	$23,924.97	$1,759.22	$1,891.64	
586539959	LOT 59 COUNTRY CLUB EAST SBP QQ U2	62'	14817 SECRET HARBOR PLACE	$1,622.44	$17,759.72	$1,305.89	$1,404.18	
586540009	LOT 60 COUNTRY CLUB EAST AT LAKEWOOD RANCH, SUBPHASE QQ,	62'	14809 SECRET HARBOR PL	$2,177.51	$23,835.72	$1,752.66	$1,884.58	
586541059	Lot 1 Country Club East Subphase QQ Unit 1 Phase 1	45' - Belleisle	7298 Belleisle Glen	$553.02	$6,053.53	$445.12	$478.62	
586541109	LOT 2 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	45' - Belleisle	7294 BELLEISLE GLN	$553.02	$6,053.53	$445.12	$478.62	

Folio	

Lot #	

Type	

Address	Series 2006 Net		
Series 2020 Bond		Series 2020 Bond		Series 2020 Bond	
				Annul Assessment				Net Annual		Gross Annual	
						Principal per Unit	Assessment per Unit	Assessment per Unit	
586541159	Lot 3 Country Club East Subphase QQ Unit 1 Phase 1	45' - Belleisle	7290 Belleisle Glen	$553.02	$6,053.53	$445.12	$478.62	
586541209	Lot 4 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	7286 Belleisle Glen	$881.69	$9,651.23	$709.66	$763.08	
586541259	LOT 5 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	45' - Belleisle	7282 BELLEISLE GLN	$0.00	$0.00	$0.00	$0.00	
586541309	Lot 6 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	7278 Belleisle Glen	$0.00	$0.00	$0.00	$0.00	
586541359	LOT 7 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	45' - Belleisle	7274 BELLEISLE GLN	$0.00	$0.00	$0.00	$0.00	
586541409	Lot 8 Country Club East Subphase QQ Unit 1 Phase 1	45' - Belleisle	7270 Belleisle Glen	$553.02	$6,053.53	$445.12	$478.62	
586541459	LOT 9 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	45' - Belleisle	7266 BELLEISLE GLN	$0.00	$0.00	$0.00	$0.00	
586541509	Lot 10 Country Club East Subphase QQ Unit 1 Phase 1	45' - Belleisle	7262 Belleisle Glen	$553.02	$6,053.53	$445.12	$478.62	
586541559	Lot 11 Country Club East Subphase QQ Unit 1 Phase 1	45' - Belleisle	7258 Belleisle Glen	$553.02	$6,053.53	$445.12	$478.62	
586541609	Lot 12 Country Club East Subphase QQ Unit 1 Phase 1	45' - Belleisle	7254 Belleisle Glen	$553.02	$6,053.53	$445.12	$478.62	
586541659	Lot 13 Country Club East Subphase QQ Unit 1 Phase 1	45' - Belleisle	7250 Belleilse Glen	$553.02	$6,053.53	$445.12	$478.62	
586541709	Lot 14 Country Club East Subphase QQ Unit 1 Phase 1	45' - Belleisle	7246 Belleisle Glen	$553.02	$6,053.53	$445.12	$478.62	
586541759	LOT 15 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	45' - Belleisle	7238 BELLEISLE GLN	$553.02	$6,053.53	$445.12	$478.62	
586541809	LOT 16 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	45' - Belleisle	7234 BELLEISLE GLN	$553.02	$6,053.53	$445.12	$478.62	
586541859	LOT 17 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	45' - Belleisle	7230 BELLEISLE GLN	$553.02	$6,053.53	$445.12	$478.62	
586541909	LOT 18 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	45' - Belleisle	7226 BELLEISLE GLN	$553.02	$6,053.53	$445.12	$478.62	
586541959	LOT 19 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	45' - Belleisle	7222 BELLEISLE GLN	$553.02	$6,053.53	$445.12	$478.62	
586542009	Lot 20 Country Club East Subphase QQ Unit 1 Phase 1	45' - Belleisle	7218 Belleisle Glen	$553.02	$6,053.53	$445.12	$478.62	
586542059	LOT 21 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	45' - Belleisle	7214 BELLEISLE GLN	$553.02	$6,053.53	$445.12	$478.62	
586542109	LOT 22 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	45' - Belleisle	7210 BELLEISLE GLN	$553.02	$6,053.53	$445.12	$478.62	
586542159	LOT 23 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	45' - Belleisle	7206 BELLEISLE GLN	$553.02	$6,053.53	$445.12	$478.62	
586542209	Lot 24 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	7162 Westhill Court	$881.69	$9,651.23	$709.66	$763.08	
586542259	LOT 25 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	45' - Belleisle	7158 WESTHILL CT	$553.02	$6,053.53	$445.12	$478.62	
586542309	LOT 26 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	45' - Belleisle	7154 WESTHILL CT	$553.02	$6,053.53	$445.12	$478.62	
586542359	LOT 51 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	57' - Belleisle	7159 WESTHILL CT	$881.69	$9,651.23	$709.66	$763.08	
586542409	Lot 52 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	7263 Belleilse Glen	$881.69	$9,651.23	$709.66	$763.08	
586542459	LOT 53 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	45' - Belleisle	7267 BELLEISLE GLN	$553.02	$6,053.53	$445.12	$478.62	
586542509	LOT 54 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	45' - Belleisle	7271 BELLEISLE GLN	$553.02	$6,053.53	$445.12	$478.62	
586542559	Lot 55 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	7275 Belleilse Glen	$881.69	$9,651.23	$709.66	$763.08	
586542609	LOT 56 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	45' - Belleisle	14305 STIRLING DR	$553.02	$6,053.53	$445.12	$478.62	
586542659	Lot 57 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	14315 Stirling Drive	$881.69	$9,651.23	$709.66	$763.08	
586542709	Lot 58 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	14325 Stirling Drive	$881.69	$9,651.23	$709.66	$763.08	
586542759	Lot 107 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	14508 Stirling Drive	$881.69	$9,651.23	$709.66	$763.08	
586542809	LOT 108 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	57' - Belleisle	7209 ANNANHILL LN	$881.69	$9,651.23	$709.66	$763.08	
586542859	LOT 109 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	57' - Belleisle	7211 ANNANHILL LN	$881.69	$9,651.23	$709.66	$763.08	
586542909	Lot 110 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	14511 Whitemoss Terrace	$881.69	$9,651.23	$709.66	$763.08	
586542959	LOT 111 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	57' - Belleisle	14515 WHITEMOSS TER	$881.69	$9,651.23	$709.66	$763.08	
586543009	LOT 112 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	57' - Belleisle	14519 WHITEMOSS TER	$881.69	$9,651.23	$709.66	$763.08	
586543059	Lot 113 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	14523 Whitemoss Terrace	$881.69	$9,651.23	$709.66	$763.08	
586543109	LOT 114 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	57' - Belleisle	14527 WHITEMOSS TER	$881.69	$9,651.23	$709.66	$763.08	
586543159	Lot 115 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	14531 Whitemoss Terrace	$881.69	$9,651.23	$709.66	$763.08	
586543209	Lot 116 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	14535 Whitemoss Terrace	$881.69	$9,651.23	$709.66	$763.08	
586543259	Lot 117 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	14539 Whitemoss Terrace	$881.69	$9,651.23	$709.66	$763.08	
586543309	Lot 118 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	14543 Whitemoss Terrace	$881.69	$9,651.23	$709.66	$763.08	
586543359	LOT 119 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	57' - Belleisle	14545 WHITEMOSS TER	$881.69	$9,651.23	$709.66	$763.08	
586543409	LOT 120 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	57' - Belleisle	14547 WHITEMOSS TER	$881.69	$9,651.23	$709.66	$763.08	
586543459	Lot 121 Country Club East Subphase QQ Unit 1 Phase 1	45' - Belleisle	14551 Whitemoss Terrance	$553.02	$6,053.53	$445.12	$478.62	
586543509	Lot 122 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	14552 Whitemoss Terrace	$881.69	$9,651.23	$709.66	$763.08	
586543559	Lot 123 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	14548 Whitemoss Terrace	$881.69	$9,651.23	$709.66	$763.08	
586543609	Lot 124 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	14544 Whitemoss Terrace	$881.69	$9,651.23	$709.66	$763.08	
586543659	Lot 125 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	14540 Whitemoss Terrace	$881.69	$9,651.23	$709.66	$763.08	
586543709	LOT 126 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	57' - Belleisle	14536 WHITEMOSS TER	$881.69	$9,651.23	$709.66	$763.08	
586543759	Lot 127 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	14532 Whitemoss Terrace	$881.69	$9,651.23	$709.66	$763.08	
586543809	Lot 128 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	14528 Whitemoss Terrace	$881.69	$9,651.23	$709.66	$763.08	
586543859	Lot 129 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	14524 Whitemoss Terrace	$881.69	$9,651.23	$709.66	$763.08	
586543909	Lot 130 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	14520 Whitemoss Terrace	$881.69	$9,651.23	$709.66	$763.08	
586543959	Lot 131 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	14516 Whitemoss Terrace	$881.69	$9,651.23	$709.66	$763.08	
586544009	Lot 132 Country Club East Subphase QQ Unit 1 Phase 1	45' - Belleisle	14512 Whitemoss Terrace	$553.02	$6,053.53	$445.12	$478.62	
586544059	Lot 133 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	14508 Whitemoss Terrace	$881.69	$9,651.23	$709.66	$763.08	
586544109	Lot 134 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	14504 Whitemoss Terrance	$881.69	$9,651.23	$709.66	$763.08	
586544159	Lot 135 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	14442 Whitemoss Terrace	$881.69	$9,651.23	$709.66	$763.08	
586544209	Lot 136 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	14438 Whitemoss Terrace	$881.69	$9,651.23	$709.66	$763.08	

Folio	

Lot #	

Type	

Address	Series 2006 Net		
Series 2020 Bond		Series 2020 Bond		Series 2020 Bond	
				Annul Assessment				Net Annual		Gross Annual	
						Principal per Unit	Assessment per Unit	Assessment per Unit	
586544259	Lot 137 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	14434 Whitemoss Terrace	$881.69	$9,651.23	$709.66	$763.08	
586544309	LOT 138 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	45' - Belleisle	14430 WHITEMOSS TER	$553.02	$6,053.53	$445.12	$478.62	
586544359	LOT 139 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	57' - Belleisle	14426 WHITEMOSS TER	$881.69	$9,651.23	$709.66	$763.08	
586544409	LOT 140 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	57' - Belleisle	14422 WHITEMOSS TER	$881.69	$9,651.23	$709.66	$763.08	
586544459	LOT 141 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	45' - Belleisle	14418 WHITEMOSS TER	$553.02	$6,053.53	$445.12	$478.62	
586544509	LOT 142 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	45' - Belleisle	14414 WHITEMOSS TER	$553.02	$6,053.53	$445.12	$478.62	
586544559	LOT 143 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	45' - Belleisle	14410 WHITEMOSS TER	$553.02	$6,053.53	$445.12	$478.62	
586544609	LOT 144 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	45' - Belleisle	14406 WHITEMOSS TER	$553.02	$6,053.53	$445.12	$478.62	
586544659	LOT 145 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	45' - Belleisle	14407 WHITEMOSS TER	$553.02	$6,053.53	$445.12	$478.62	
586544709	LOT 146 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	45' - Belleisle	14411 WHITEMOSS TER	$553.02	$6,053.53	$445.12	$478.62	
586544759	LOT 147 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	45' - Belleisle	14415 WHITEMOSS TER	$553.02	$6,053.53	$445.12	$478.62	
586544809	LOT 148 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	57' - Belleisle	14419 WHITEMOSS TER	$881.69	$9,651.23	$709.66	$763.08	
586544859	LOT 149 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	57' - Belleisle	14423 WHITEMOSS TER	$881.69	$9,651.23	$709.66	$763.08	
586544909	LOT 150 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	57' - Belleisle	14435 WHITEMOSS TER	$881.69	$9,651.23	$709.66	$763.08	
586544959	Lot 151 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	14443 Whitemoss Terrace	$881.69	$9,651.23	$709.66	$763.08	
586545009	Lot 152 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	7208 Annahill Lane	$881.69	$9,651.23	$709.66	$763.08	
586545059	Lot 153 Country Club East Subphase QQ Unit 1 Phase 1	57' - Belleisle	7204 Annahill Lane		$0.00	$0.00	$0.00	
586545109	Lot 168 Country Club East Subphase QQ Unit 1 Phase 1	45' - Belleisle	14326 Stirling Drive	$553.02	$6,053.53	$445.12	$478.62	
586545159	Lot 169 Country Club East Subphase QQ Unit 1 Phase 1	45' - Belleisle	14322 Stirling Drive	$553.02	$6,053.53	$445.12	$478.62	
586545209	Lot 170 Country Club East Subphase QQ Unit 1 Phase 1	45' - Belleisle	14318 Stirling Drive	$553.02	$6,053.53	$445.12	$478.62	
586545259	Lot 171 Country Club East Subphase QQ Unit 1 Phase 1	45' - Belleisle	14314 Stirling Drive	$553.02	$6,053.53	$445.12	$478.62	
586545309	Lot 172 Country Club East Subphase QQ Unit 1 Phase 1	45' - Belleisle	14310 Stirling Drive	$553.02	$6,053.53	$445.12	$478.62	
586545359	LOT 173 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUB QQ UNIT 1	57' - Belleisle	14306 STIRLING DR	$881.69	$9,651.23	$709.66	$763.08	
586547059	LOT 59, BLK A, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14333 STIRLING DR	$881.69	$9,651.23	$709.66	$763.08	
586547109	LOT 60, BLK A, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14335 STIRLING DR	$881.69	$9,651.23	$709.66	$763.08	
586547159	LOT 61, BLK A, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14339 STIRLING DR	$881.69	$9,651.23	$709.66	$763.08	
586547209	LOT 62, BLK A, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14343 STIRLING DR	$881.69	$9,651.23	$709.66	$763.08	
586547259	LOT 63, BLK A, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14347 Stirling Drive	$881.69	$9,651.23	$709.66	$763.08	
586547309	LOT 64, BLK A, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14351 Stirling Drive	$881.69	$9,651.23	$709.66	$763.08	
586547359	LOT 65, BLK A, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14355 STIRLING DR	$881.69	$9,651.23	$709.66	$763.08	
586547409	LOT 66, BLK A, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14361 Stirling Drive	$881.69	$9,651.23	$709.66	$763.08	
586547459	LOT 67, BLK B, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14405 Stirling Drive	$881.69	$9,651.23	$709.66	$763.08	
586547509	LOT 68, BLK B, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14409 Stirling Drive	$881.69	$9,651.23	$709.66	$763.08	
586547559	LOT 69, BLK B, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14415 Stirling Drive	$0.00	$0.00	$0.00	$0.00	
586547609	LOT 70, BLK B, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14419 Stirling Drive	$881.69	$9,651.23	$709.66	$763.08	
586547659	LOT 71, BLK B, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14423 Stirling Drive	$881.69	$9,651.23	$709.66	$763.08	
586547709	LOT 72, BLK B, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14427 Stirling Drive	$881.69	$9,651.23	$709.66	$763.08	
586547759	LOT 73, BLK B, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14431 STIRLING DR	$881.69	$9,651.23	$709.66	$763.08	
586547809	LOT 74, BLK B, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14435 STIRLING DR	$881.69	$9,651.23	$709.66	$763.08	
586547859	LOT 75, BLK B, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14439 STIRLING DR	$881.69	$9,651.23	$709.66	$763.08	
586547909	LOT 76, BLK B, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14443 Stirling Drive	$881.69	$9,651.23	$709.66	$763.08	
586547959	LOT 77, BLK B, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14503 STIRLING DR	$881.69	$9,651.23	$709.66	$763.08	
586548009	LOT 78, BLK B, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14507 STIRLING DR	$881.69	$9,651.23	$709.66	$763.08	
586548059	LOT 154, BLK C, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14448 STIRLING DR	$881.69	$9,651.23	$709.66	$763.08	
586548109	LOT 155, BLK C, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14444 Stirling Drive	$881.69	$9,651.23	$709.66	$763.08	
586548159	LOT 156, BLK C, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14440 Stirling Drive	$881.69	$9,651.23	$709.66	$763.08	
586548209	LOT 157, BLK C, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14438 Stirling Drive	$881.69	$9,651.23	$709.66	$763.08	
586548259	LOT 158, BLK C, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14434 Stirling Drive	$881.69	$9,651.23	$709.66	$763.08	
586548309	LOT 159, BLK C, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14432 Stirling Drive	$881.69	$9,651.23	$709.66	$763.08	
586548359	LOT 160, BLK C, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14418 Stirling Drive	$881.69	$9,651.23	$709.66	$763.08	
586548409	LOT 161, BLK C, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14404 Stirling Drive	$881.69	$9,651.23	$709.66	$763.08	
586548459	LOT 162, BLK C, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14362 STIRLING DR	$881.69	$9,651.23	$709.66	$763.08	
586548509	LOT 163, BLK C, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14350 Stirling Drive	$881.69	$9,651.23	$709.66	$763.08	
586548559	LOT 164, BLK C, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14338 STIRLING DR	$881.69	$9,651.23	$709.66	$763.08	
586548609	LOT 165, BLK C, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	57' - Belleisle	14334 Stirling Drive	$881.69	$9,651.23	$709.66	$763.08	
586548659	LOT 166, BLK C, COUNTRY CLUB EAST AT LAKEWOOD RANCH SP QQ,	45' - Belleisle	14330 STIRLING DR	$553.02	$6,053.53	$445.12	$478.62	
586550059	LOT 1 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	7438 HADDINGTON CV	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586550109	LOT 2 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	7434 HADDINGTON CV	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586550159	LOT 3 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	7430 HADDINGTON CV	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586550209	LOT 4 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	14216 Kinglet Terrace	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586550259	LOT 5 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	14212 KINGLET TER	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586550309	LOT 6 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	14208 KINGLET TER	$2,655.74	$29,070.50	$2,137.58	$2,298.47	

Folio	

Lot #	

Type	

Address	Series 2006 Net		
Series 2020 Bond		Series 2020 Bond		Series 2020 Bond	
				Annul Assessment				Net Annual		Gross Annual	
						Principal per Unit	Assessment per Unit	Assessment per Unit	
586550359	LOT 7 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	14204 KINGLET TER	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586550409	LOT 8 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	14203 KINGLET TER	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586550459	LOT 9 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	14207 KINGLET TER	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586550509	LOT 10 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	14211 KINGLET TER	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586550559	LOT 11 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	14215 Kinglet Ter	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586550609	LOT 12 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	7336 HADDINGTON CV	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586550659	LOT 13 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	7332 HADDINGTON CV	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586550709	LOT 14 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	7328 HADDINGTON CV	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586550759	LOT 15 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	14218 Bathgate Terrace	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586550809	LOT 16 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	14214 BATHGATE TER	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586550859	LOT 17 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	14210 BATHGATE TER	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586550909	LOT 18 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	14206 BATHGATE TER	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586550959	LOT 19 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	14205 BATHGATE TER	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586551009	LOT 20 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	14209 BATHGATE TER	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586551059	LOT 21 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	14213 BATHGATE TER	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586551109	LOT 22 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	NO ASSIGNED ADDRESS	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586551159	LOT 23 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	7311 HADDINGTON CV	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586551209	LOT 24 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	7315 HADDINGTON CV	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586551259	LOT 25 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	7319 HADDINGTON CV	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586551309	LOT 26 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	7323 HADDINGTON CV	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586551359	LOT 27 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	7327 HADDINGTON CV	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586551409	LOT 28 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	7331 HADDINGTON CV	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586551459	LOT 29 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	7335 HADDINGTON CV	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586551509	LOT 30 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	7405 HADDINGTON CV	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586551559	LOT 31 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	7409 HADDINGTON CV	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586551609	LOT 32 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	7413 HADDINGTON CV	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586551659	LOT 33 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	7417 HADDINGTON CV	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586551709	LOT 34 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	7421 HADDINGTON CV	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586551759	LOT 35 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	7425 HADDINGTON CV	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586551809	LOT 36 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	7429 HADDINGTON CV	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586551859	LOT 37 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	7433 HADDINGTON CV	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586551909	LOT 38 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	7437 HADDINGTON CV	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586551959	LOT 39 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	62' (76' - Haddington)	7441 HADDINGTON CV	$2,655.74	$29,070.50	$2,137.58	$2,298.47	
586552009	LOT 40 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	7507 HADDINGTON CV	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586552059	LOT 41 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	7511 HADDINGTON CV	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586552109	LOT 42 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	7515 HADDINGTON CV	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586552159	LOT 43 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	7519 HADDINGTON CV	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586552209	LOT 44 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	7523 HADDINGTON CV	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586552259	LOT 45 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	7527 HADDINGTON CV	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586552309	LOT 46 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	7531 HADDINGTON CV	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586552359	LOT 47 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	7605 HADDINGTON CV	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586552409	LOT 48 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	7609 HADDINGTON CV	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586552459	LOT 49 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	7643 HADDINGTON CV	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586552509	LOT 50 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	7651 HADDINGTON CV	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586552559	LOT 51 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	7657 HADDINGTON CV	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586552609	LOT 52 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	7665 HADDINGTON CV	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586552659	LOT 53 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	7669 HADDINGTON CV	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586552709	LOT 54 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	7664 HADDINGTON CV	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586552759	LOT 55 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	7660 HADDINGTON CV	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586552809	LOT 56 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	7656 HADDINGTON CV	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586552859	LOT 57 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	7652 HADDINGTON CV	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586552909	LOT 58 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	7648 HADDINGTON CV	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586552959	LOT 59 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	7644 HADDINGTON CV	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586553009	LOT 60 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	7640 HADDINGTON CV	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586553059	LOT 61 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	7636 HADDINGTON CV	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586553109	LOT 62 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	7628 HADDINGTON CV	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586553159	LOT 63 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	7624 HADDINGTON CV	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586553209	LOT 64 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	NO ASSIGNED ADDRESS	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586553259	LOT 65 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	7612 HADDINGTON CV	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586553309	LOT 66 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	7608 HADDINGTON CV	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586553359	LOT 67 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	7604 HADDINGTON CV	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586553409	LOT 68 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	7532 HADDINGTON CV	$2,892.77	$31,665.19	$2,328.37	$2,503.62	

Folio	

Lot #	

Type	

Address	Series 2006 Net		
Series 2020 Bond		Series 2020 Bond		Series 2020 Bond	
				Annul Assessment				Net Annual		Gross Annual	
						Principal per Unit	Assessment per Unit	Assessment per Unit	
586553459	LOT 69 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	NO ASSIGNED ADDRESS	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586553509	LOT 70 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	14216 WOODHALL PL	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586553559	LOT 71 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	14212 WOODHALL PL	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586553609	LOT 72 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	14208 WOODHALL PL	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586553659	LOT 73 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	14207 WOODHALL PL	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586553709	LOT 74 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	14211 WOODHALL PL	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586553759	LOT 75 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	14215 WOODHALL PL	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586553809	LOT 76 COUNTRY CLUB EAST AT LWR SP RR AKA HADDINGTON	76' - Haddington	14219 Woodhall Place	$2,892.77	$31,665.19	$2,328.37	$2,503.62	
586555059	Lot 79, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Belleisle	14511 Stirling Drive	$881.69	$9,651.23	$709.66	$763.08	
586555109	Lot 80, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Belleisle	14515 Stirling Drive	$881.69	$9,651.23	$709.66	$763.08	
586555159	Lot 81, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Belleisle	14519 Stirling Drive	$881.69	$9,651.23	$709.66	$763.08	
586555209	Lot 82, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Belleisle	7130 CALLANDER CV	$881.69	$9,651.23	$709.66	$763.08	
586555259	Lot 83, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Belleisle	7126 CALLANDER CV	$881.69	$9,651.23	$709.66	$763.08	
586555309	Lot 84, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Belleisle	7122 CALLANDER CV	$881.69	$9,651.23	$709.66	$763.08	
586555359	Lot 85, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Belleisle	7114 CALLANDER CV	$881.69	$9,651.23	$709.66	$763.08	
586555409	Lot 86, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Belleisle	7108 CALLANDER CV	$881.69	$9,651.23	$709.66	$763.08	
586555459	Lot 174, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Additional (Highlands)	7107 CALLANDER CV	$850.59	$9,310.83	$684.63	$736.16	
586555509	Lot 175, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Belleisle	7111 CALLANDER CV	$881.69	$9,651.23	$709.66	$763.08	
586555559	Lot 176, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Belleisle	7115 CALLANDER CV	$881.69	$9,651.23	$709.66	$763.08	
586555609	Lot 177, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Belleisle	7119 CALLANDER CV	$881.69	$9,651.23	$709.66	$763.08	
586555659	Lot 178, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Belleisle	7123 CALLANDER CV	$881.69	$9,651.23	$709.66	$763.08	
586555709	Lot 179, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Belleisle	7127 CALLANDER CV	$881.69	$9,651.23	$709.66	$763.08	
586555759	Lot 180, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Belleisle	7131 CALLANDER CV	$881.69	$9,651.23	$709.66	$763.08	
586555809	Lot 181, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Belleisle	7135 CALLANDER CV	$881.69	$9,651.23	$709.66	$763.08	
586555859	Lot 182, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Belleisle	14615 CASTLE PARK TER	$881.69	$9,651.23	$709.66	$763.08	
586555909	Lot 183, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Belleisle	14619 CASTLE PARK TER	$881.69	$9,651.23	$709.66	$763.08	
586555959	Lot 184, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Belleisle	14623 CASTLE PARK TER	$881.69	$9,651.23	$709.66	$763.08	
586556009	Lot 185, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Additional (Highlands)	14627 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586556059	Lot 186, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Additional (Highlands)	14631 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586556109	Lot 187, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Additional (Highlands)	14635 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586556159	Lot 188, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Additional (Highlands)	14639 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586556209	Lot 97, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Belleisle	14630 CASTLE PARK TER	$881.69	$9,651.23	$709.66	$763.08	
586556259	Lot 98, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Belleisle	14626 CASTLE PARK TER	$881.69	$9,651.23	$709.66	$763.08	
586556309	Lot 99, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Belleisle	14622 CASTLE PARK TER	$881.69	$9,651.23	$709.66	$763.08	
586556359	Lot 100, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Belleisle	14618 CASTLE PARK TER	$881.69	$9,651.23	$709.66	$763.08	
586556409	Lot 101, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Belleisle	14614 CASTLE PARK TER	$881.69	$9,651.23	$709.66	$763.08	
586556459	Lot 102, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Belleisle	14610 CASTLE PARK TER	$881.69	$9,651.23	$709.66	$763.08	
586556509	Lot 103, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Belleisle	14606 CASTLE PARK TER	$881.69	$9,651.23	$709.66	$763.08	
586556559	Lot 104, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Belleisle	14520 STIRLING DR	$881.69	$9,651.23	$709.66	$763.08	
586556609	Lot 105, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Belleisle	14516 STIRLING DR	$881.69	$9,651.23	$709.66	$763.08	
586556659	Lot 106, Country Club East At Lakewood Ranch SP QQ, Unit 1, Phase 2C	57' - Belleisle	14512 STIRLING DR	$881.69	$9,651.23	$709.66	$763.08	
586560059	LOT 27 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH QQ UNIT 1	45' - Belleisle	7150 WESTHILL CT	$553.02	$6,053.53	$445.12	$478.62	
586560109	LOT 28 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH QQ UNIT 1	45' - Belleisle	7146 WESTHILL CT	$553.02	$6,053.53	$445.12	$478.62	
586560159	LOT 29 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH QQ UNIT 1	45' - Belleisle	7142 WESTHILL CT	$553.02	$6,053.53	$445.12	$478.62	
586560209	LOT 30 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH QQ UNIT 1	45' - Belleisle	7138 WESTHILL CT	$553.02	$6,053.53	$445.12	$478.62	
586560259	LOT 31 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH QQ UNIT 1	45' - Belleisle	7134 WESTHILL CT	$553.02	$6,053.53	$445.12	$478.62	
586560309	LOT 32 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH QQ UNIT 1	45' - Belleisle	7130 WESTHILL CT	$553.02	$6,053.53	$445.12	$478.62	
586560359	LOT 33 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH QQ UNIT 1	45' - Belleisle	7126 WESTHILL CT	$553.02	$6,053.53	$445.12	$478.62	
586560409	LOT 34 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH QQ UNIT 1	45' - Belleisle	7122 WESTHILL CT	$553.02	$6,053.53	$445.12	$478.62	
586560459	LOT 35 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH QQ UNIT 1	45' - Belleisle	7118 WESTHILL CT	$553.02	$6,053.53	$445.12	$478.62	
586560509	LOT 36 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH QQ UNIT 1	45' - Belleisle	7114 WESTHILL CT	$553.02	$6,053.53	$445.12	$478.62	
586560559	LOT 37 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH QQ UNIT 1	45' - Belleisle	7110 WESTHILL CT	$553.02	$6,053.53	$445.12	$478.62	
586560609	LOT 38 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH QQ UNIT 1	45' - Belleisle	7106 WESTHILL CT	$553.02	$6,053.53	$445.12	$478.62	
586560659	LOT 39 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH QQ UNIT 1	45' - Belleisle	7102 WESTHILL CT	$553.02	$6,053.53	$445.12	$478.62	
586560709	LOT 40 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH QQ UNIT 1	45' - Belleisle	7103 WESTHILL CT	$553.02	$6,053.53	$445.12	$478.62	
586560759	LOT 41 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH QQ UNIT 1	45' - Belleisle	7107 WESTHILL CT	$553.02	$6,053.53	$445.12	$478.62	
586560809	LOT 42 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH QQ UNIT 1	45' - Belleisle	7115 WESTHILL CT	$553.02	$6,053.53	$445.12	$478.62	
586560859	LOT 43 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH QQ UNIT 1	45' - Belleisle	7119 WESTHILL CT	$553.02	$6,053.53	$445.12	$478.62	
586560909	LOT 44 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH QQ UNIT 1	45' - Belleisle	7123 WESTHILL CT	$553.02	$6,053.53	$445.12	$478.62	
586560959	LOT 45 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH QQ UNIT 1	45' - Belleisle	7127 WESTHILL CT	$553.02	$6,053.53	$445.12	$478.62	
586561009	LOT 46 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH QQ UNIT 1	45' - Belleisle	7131 WESTHILL CT	$553.02	$6,053.53	$445.12	$478.62	
586561059	LOT 47 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH QQ UNIT 1	45' - Belleisle	7135 WESTHILL CT	$553.02	$6,053.53	$445.12	$478.62	

Folio	

Lot #	

Type	

Address	Series 2006 Net		
Series 2020 Bond		Series 2020 Bond		Series 2020 Bond	
				Annul Assessment				Net Annual		Gross Annual	
						Principal per Unit	Assessment per Unit	Assessment per Unit	
586561109	LOT 48 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH QQ UNIT 1	45' - Belleisle	7139 WESTHILL CT	$553.02	$6,053.53	$445.12	$478.62	
586561159	LOT 49 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH QQ UNIT 1	45' - Belleisle	7143 WESTHILL CT	$553.02	$6,053.53	$445.12	$478.62	
586561209	LOT 50 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPH QQ UNIT 1	45' - Belleisle	7147 WESTHILL CT	$553.02	$6,053.53	$445.12	$478.62	
586570059	Lot 1 Subphase SS, Highlands	57' - Additional (Highlands)	14703 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586570109	Lot 2 Subphase SS, Highlands	57' - Additional (Highlands)	14707 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586570159	Lot 3 Subphase SS, Highlands	57' - Additional (Highlands)	14709 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586570209	Lot 4 Subphase SS, Highlands	57' - Additional (Highlands)	14713 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586570259	Lot 5 Subphase SS, Highlands	57' - Additional (Highlands)	14717 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586570309	Lot 6 Subphase SS, Highlands	57' - Additional (Highlands)	14721 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586570359	Lot 7 Subphase SS, Highlands	57' - Additional (Highlands)	14725 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586570409	Lot 8 Subphase SS, Highlands	57' - Additional (Highlands)	14805 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586570459	Lot 9 Subphase SS, Highlands	57' - Additional (Highlands)	14809 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586570509	Lot 10 Subphase SS, Highlands	57' - Additional (Highlands)	14813 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586570559	Lot 11 Subphase SS, Highlands	57' - Additional (Highlands)	14817 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586570609	Lot 12 Subphase SS, Highlands	57' - Additional (Highlands)	14823 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586570659	Lot 13 Subphase SS, Highlands	57' - Additional (Highlands)	14827 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586570709	Lot 14 Subphase SS, Highlands	57' - Additional (Highlands)	14907 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586570759	Lot 15 Subphase SS, Highlands	57' - Additional (Highlands)	14911 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586570809	Lot 16 Subphase SS, Highlands	57' - Additional (Highlands)	14917 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586570859	Lot 17 Subphase SS, Highlands	57' - Additional (Highlands)	14921 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586570909	Lot 18 Subphase SS, Highlands	57' - Additional (Highlands)	15003 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586570959	Lot 19 Subphase SS, Highlands	57' - Additional (Highlands)	15007 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586571009	Lot 20 Subphase SS, Highlands	57' - Additional (Highlands)	15011 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586571059	Lot 21 Subphase SS, Highlands	57' - Additional (Highlands)	15019 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586571109	Lot 22 Subphase SS, Highlands	57' - Additional (Highlands)	15023 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586571159	Lot 23 Subphase SS, Highlands	57' - Additional (Highlands)	15024 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586571209	Lot 24 Subphase SS, Highlands	57' - Additional (Highlands)	15020 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586571259	Lot 25 Subphase SS, Highlands	57' - Additional (Highlands)	15016 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586571309	Lot 26 Subphase SS, Highlands	57' - Additional (Highlands)	15012 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586571359	Lot 27 Subphase SS, Highlands	57' - Additional (Highlands)	15008 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586571409	Lot 28 Subphase SS, Highlands	57' - Additional (Highlands)	15004 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586571459	Lot 29 Subphase SS, Highlands	57' - Additional (Highlands)	14922 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586571509	Lot 30 Subphase SS, Highlands	57' - Additional (Highlands)	14918 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586571559	Lot 31 Subphase SS, Highlands	57' - Additional (Highlands)	14914 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586571609	Lot 32 Subphase SS, Highlands	57' - Additional (Highlands)	14910 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586571659	Lot 33 Subphase SS, Highlands	57' - Additional (Highlands)	14906 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586571709	Lot 34 Subphase SS, Highlands	57' - Additional (Highlands)	14902 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586571759	Lot 35 Subphase SS, Highlands	57' - Additional (Highlands)	14826 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586571809	Lot 36 Subphase SS, Highlands	57' - Additional (Highlands)	14822 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586571859	Lot 37 Subphase SS, Highlands	57' - Additional (Highlands)	14818 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586571909	Lot 38 Subphase SS, Highlands	57' - Additional (Highlands)	14814 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586571959	Lot 39 Subphase SS, Highlands	57' - Additional (Highlands)	14810 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586572009	Lot 40 Subphase SS, Highlands	57' - Additional (Highlands)	14806 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586572059	Lot 41 Subphase SS, Highlands	57' - Additional (Highlands)	14724 CASTLE PARK TER	$0.00	$0.00	$0.00	$0.00	
586572109	Lot 42 Subphase SS, Highlands	57' - Additional (Highlands)	14720 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586572159	Lot 43 Subphase SS, Highlands	57' - Additional (Highlands)	14716 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586572209	Lot 44 Subphase SS, Highlands	57' - Additional (Highlands)	14712 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586572259	Lot 45 Subphase SS, Highlands	57' - Additional (Highlands)	14708 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586572309	Lot 46 Subphase SS, Highlands	57' - Additional (Highlands)	14704 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586572359	Lot 47 Subphase SS, Highlands	57' - Additional (Highlands)	14636 CASTLE PARK TER	$2,507.88	$27,452.04	$2,018.57	$2,170.51	
586573059	LOT 1 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7505 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586573109	LOT 2 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7509 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586573159	LOT 3 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7513 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586573209	LOT 4 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7517 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586573259	LOT 5 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7531 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586573309	LOT 6 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7539 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586573359	LOT 7 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7545 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586573409	LOT 8 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7611 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586573459	LOT 9 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7615 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586573509	LOT 10 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7619 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586573559	LOT 11 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7629 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586573609	LOT 12 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7633 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	

Folio	

Lot #	

Type	

Address	Series 2006 Net		
Series 2020 Bond		Series 2020 Bond		Series 2020 Bond	
				Annul Assessment				Net Annual		Gross Annual	
						Principal per Unit	Assessment per Unit	Assessment per Unit	
586573659	LOT 13 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7642 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586573709	LOT 14 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7638 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586573759	LOT 15 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7634 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586573809	LOT 16 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7630 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586573859	LOT 17 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7626 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586573909	LOT 18 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7622 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586573959	LOT 19 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7618 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586574009	LOT 20 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7614 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586574059	LOT 21 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7610 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586574109	LOT 22 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7606 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586574159	LOT 23 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT AKA	62' - Windy Hill	7546 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586574209	LOT 24 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7542 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586574259	LOT 25 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7538 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586574309	LOT 26 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7534 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586574359	LOT 27 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7530 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586574409	LOT 28 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	16018 Knightswood Place	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586574459	LOT 29 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	16014 Knightswood Place	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586574509	LOT 30 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	16010 Knightswood Place	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586574559	LOT 31 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	16006 Knightswood Place	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586574609	LOT 32 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7524 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586574659	LOT 33 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7520 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586574709	LOT 34 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7516 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586574759	LOT 35 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7512 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586574809	LOT 36 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7508 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586574859	LOT 37 COUNTRY CLUB EAST AT LAKEWOOD RANCH SUBPHASE TT	62' - Windy Hill	7504 Windy Hill Cove	$2,588.24	$28,331.71	$2,083.26	$2,240.06	
586577059	LOT 1 COUNTRY CLUB EAST AT LAKEWOOD RANCH	100' - Seacroft	7404 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586577109	LOT 2 COUNTRY CLUB EAST AT LAKEWOOD RANCH	100' - Seacroft	7408 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586577159	LOT 3 COUNTRY CLUB EAST AT LAKEWOOD RANCH	100' - Seacroft	7412 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586577209	LOT 4 COUNTRY CLUB EAST AT LAKEWOOD RANCH	100' - Seacroft	7424 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586577259	LOT 5 COUNTRY CLUB EAST AT LAKEWOOD RANCH	100' - Seacroft	7432 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586577309	LOT 6 COUNTRY CLUB EAST AT LAKEWOOD RANCH	100' - Seacroft	7440 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586577359	LOT 7 COUNTRY CLUB EAST AT LAKEWOOD RANCH	100' - Seacroft	7444 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586577409	LOT 8 COUNTRY CLUB EAST AT LAKEWOOD RANCH	100' - Seacroft	7454 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586577459	LOT 9 COUNTRY CLUB EAST AT LAKEWOOD RANCH	100' - Seacroft	7458 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586577509	LOT 10 COUNTRY CLUB EAST AT LAKEWOOD RANCH	100' - Seacroft	7462 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586577559	LOT 11 COUNTRY CLUB EAST AT LAKEWOOD RANCH	100' - Seacroft	7466 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586577609	LOT 12 COUNTRY CLUB EAST AT LAKEWOOD RANCH	100' - Seacroft	7470 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586577659	LOT 13 COUNTRY CLUB EAST AT LAKEWOOD RANCH	100' - Seacroft	7474 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586577709	LOT 14 COUNTRY CLUB EAST AT LAKEWOOD RANCH	100' - Seacroft	7478 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586577759	LOT 15 COUNTRY CLUB EAST AT LAKEWOOD RANCH	100' - Seacroft	7482 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586577809	LOT 16 COUNTRY CLUB EAST AT LAKEWOOD RANCH	90' - Seacroft	7481 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586577859	LOT 17 COUNTRY CLUB EAST AT LAKEWOOD RANCH	90' - Seacroft	7477 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586577909	LOT 18 COUNTRY CLUB EAST AT LAKEWOOD RANCH	90' - Seacroft	7473 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586577959	LOT 19 COUNTRY CLUB EAST AT LAKEWOOD RANCH	90' - Seacroft	7469 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586578009	LOT 20 COUNTRY CLUB EAST AT LAKEWOOD RANCH	90' - Seacroft	7465 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586578059	LOT 21 COUNTRY CLUB EAST AT LAKEWOOD RANCH	90' - Seacroft	7461 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586578109	LOT 22 COUNTRY CLUB EAST AT LAKEWOOD RANCH	90' - Seacroft	7457 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586578159	LOT 23 COUNTRY CLUB EAST AT LAKEWOOD RANCH	90' - Seacroft	7453 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586578209	LOT 24 COUNTRY CLUB EAST AT LAKEWOOD RANCH	90' - Seacroft	7449 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586578259	LOT 25COUNTRY CLUB EAST AT LAKEWOOD RANCH	90' - Seacroft	7445 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586578309	LOT 26 COUNTRY CLUB EAST AT LAKEWOOD RANCH	90' - Seacroft	7441 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586578359	LOT 27 COUNTRY CLUB EAST AT LAKEWOOD RANCH	90' - Seacroft	7437 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586578409	LOT 28 COUNTRY CLUB EAST AT LAKEWOOD RANCH	90' - Seacroft	7433 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586578459	LOT 29 COUNTRY CLUB EAST AT LAKEWOOD RANCH	90' - Seacroft	7429 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586578509	LOT 30 COUNTRY CLUB EAST AT LAKEWOOD RANCH	90' - Seacroft	7425 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586578559	LOT 31 COUNTRY CLUB EAST AT LAKEWOOD RANCH	90' - Seacroft	7421 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586578609	LOT 32 COUNTRY CLUB EAST AT LAKEWOOD RANCH	90' - Seacroft	7417 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586578659	LOT 33 COUNTRY CLUB EAST AT LAKEWOOD RANCH	90' - Seacroft	7413 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586578709	LOT 34 COUNTRY CLUB EAST AT LAKEWOOD RANCH	90' - Seacroft	7409 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
586578759	LOT 35 COUNTRY CLUB EAST AT LAKEWOOD RANCH	90' - Seacroft	7405 SEACROFT CV BRADENTON 34202 - SCT	$3,758.12	$41,137.47	$3,024.87	$3,252.55	
	18	Golf Course		$48,408.57	$529,894.83	$38,963.63	$41,896.37	
				$1,753,560.19	$19,195,000.00	$1,411,425	$1,517,661	

Exhibit B

Maturities and Coupon of Series 2020 Refunding Bonds

Exhibit C

Sources and Uses of Funds

Exhibit D

Debt Service Requirements

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Other Matters

(provided under separate cover)

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Financing Matters Relative to the Lorraine Lakes Project,
Series 2020 Bonds

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Master Engineer’s Report

Lakewood Ranch Stewardship District
Engineer’s Report
FOR

Lorraine Lakes

Prepared for:

Lakewood Ranch Stewardship District 14400 Covenant Way
Lakewood Ranch, FL 34240

Prepared by:

Kimley-Horn and Associates, Inc. 1777 Main Street, Suite 200
Sarasota, FL 34236

May 2020

Lorraine Lakes Engineer’s Report

TABLE OF CONTENTS
1.0	INTRODUCTION	3
2.0	PROJECT BOUNDARY AND PROPERTY SERVED	5
3.0	PROJECT INFRASTRUCTURE	7
4.0	OPINION OF PROBABLE COST	9
5.0	SUMMARY AND CONCLUSION	10

Lorraine Lakes Engineer’s Report

INTRODUCTION

Overview. The Lakewood Ranch Stewardship District (the “District”) is proposing to construct or acquire infrastructure for a residential community within its boundary. The Lorraine Lakes Community (the “Project” or the “Community”), consist of approximately 544.6± contiguous acres within the boundaries of the District. A description of the property is included in Section 1.3 of this report.
The current zoning entitlements allow for a maximum of 1,500 dwelling units. The current overall plan of development for the Project lands within the District provides infrastructure improvements for a planned 1,412 dwelling units. Preservation of existing wetlands and construction of water management lakes and wetland mitigation/creation, where necessary, are planned to offset impacts from the proposed improvements. Streetscape and landscape improvements are also planned to include community entrances with signage, landscaped common areas and fencing which will be privately funded by the Developer, Lennar Homes, LLC (the “Developer”). Roadway improvements will consist of a combination of 4 and 2-lane segments of divided road at Community entrances and 2-lane undivided roadways throughout the various neighborhoods. All onsite roadway improvements will be funded by the Developer. There are no offsite roadway or utility improvements proposed with this Project.
To serve the residents and property owners of the District, the District is developing a Capital Improvement Plan (the “CIP”) to allow it to finance, acquire, or construct public improvement of facilities including: potable water utility lines and facilities, sanitary sewer utility lines and facilities and portions of the drainage and storm water conveyance system which include curb, gutter, and storm water piping. Additionally, these improvements are required by and are consistent with the requirements of Manatee County and other applicable regulatory and jurisdictional entities.
The CIP contained in this report reflects the present intentions of the District. The exact location of some facilities as well as the platting and phasing plans may be changed during the course of approval and implementation. These changes will not diminish or alter the benefits to be received by the land. The District retains the right to make reasonable adjustments in the CIP to meet the requirements of any governmental agency. Regulatory criteria will continue to evolve, and future changes may affect the implementation of the CIP, as it may be changed from time to time. The implementation of any improvement outlined within the CIP requires the final approval of the District's Board of Supervisors. The platting and phasing plans may be revised, amended and modified by the District or Developer.

Lorraine Lakes Engineer’s Report

Costs contained in this report have been prepared based on actual construction costs where available or on estimates of costs using the best available information. It is possible that the estimated costs could vary based on final engineering and ultimate construction bids.
A summary of the CIP improvements qualified to be funded and their cost estimates is included in Table 3.
Purpose. The purpose of this Report is to describe the Lorraine Lakes Community within the District that will serve the approximately 544.6± acres and estimated 1,412 dwelling units. This report will also describe the capital improvements and associated costs to be acquired or constructed and financed by the District. The financing and assessment methodology will be developed by the District’s financial advisor.
Description of the Lorraine Lakes Community. The Lorraine Lakes Community is a residential development located in a portion of the Lakewood Ranch Stewardship District located in Manatee County, Florida. Lorraine Lakes is general located at the southwest corner of 44th Avenue East and Uihlein Road. The location map of the Lorraine Lakes Community is shown in Exhibit 1.
The community includes a mixture of residential units, a stormwater management system, wetland preserves, full utility infrastructure, landscaped roadways and recreational facilities. A land use summary table is provided in Table 2.
The Project will encompass approximately 544.6± acres of the Lorraine Lakes Community. The metes and bounds legal description and boundary survey of the Project is provided in Exhibit 2. The District will construct, acquire or operate and maintain infrastructure as noted to support approximately 1,412 residential units. A summary of District facilities and services provided is shown in Table 3.
The Lorraine Lakes Community is intended to be constructed in multiple phases. The Phase I construction provides the infrastructure for the stormwater management system, utilities, roads, and subdivision improvements needed to develop the 378 lots proposed with this first phase. The Phase I infrastructure is expected to be completed in November 2020 and the plat was recorded in March 2020. The remaining Phase IIA and Future Phases are anticipated to be constructed between 2020 and 2030. Table 3 depicts the estimated infrastructure cost for the entire Project which will be funded by the District.

Lorraine Lakes Engineer’s Report

PROJECT BOUNDARY AND PROPERTY SERVED

Project Boundary. Exhibits 1 & 2 illustrates the boundary of the Lorraine Lakes Community. 44th Avenue East is the northern boundary of the Project, while Rangeland Parkway is to the south and Uihlein Road is the eastern boundary. Existing commercial and residential parcels fronting Lorraine Road make the western boundary of the Community.
Land Served. The Project land is located in portions of Sections 10, 11, 14 and 15, Township 35 South, Range 19 East in Manatee County, Florida. Prior to the commencement of development, the property consists primarily of agricultural lands. The terrain elevations fall east to west with elevations ranging from 40 to 59 feet, based on the North American Vertical Datum of 1988 (NAVD 88).
2.1 Existing Infrastructure. The existing infrastructure in the vicinity of the Project include adjacent rights-of-way consisting of 44th Avenue East, Uihlein Road and Rangeland Parkway. Potable water, forcemain and reuse water are stubbed out to serve this Community.
Permitting. At the time of this Report, the following permits have been obtained for the CIP as follows:
Local zoning approval for the entire Project.
Southwest Florida Water Management District (SWFWMD) Mass Grading Permit for the entire Project.
USCOE authorization for the entire Project.
Manatee County Mass Grading for the entire Project.
Manatee County, Final Site Plan and Construction Plan approvals for Phase I, and Phase IIA.
Manatee County, Final Plat for Phase I
SWFWMD Environmental Resource Permit (ERP) for Phase I, and Phase IIA.
All applicable zoning and development related requirements have been compiled for the Development. The table below summarizes the permitting at the time of this report:

Lorraine Lakes Engineer’s Report

Table 1: Summary of Permit Status

Phase	No.
of Units	
Zoning	
ACOE	Manatee
County Construction	SWFWMD ERP	Start of Construction	Completion of Construction	
I	378	Yes	Yes	Yes	Yes	8/2019	11/2020	
IIA	440	Yes	Yes	Yes	Yes	1/2020	1/2021	
Future
Phase	594	Yes	Yes	No	No	TBD	TBD	

It is our opinion that no technical reasons currently exist which would prohibit the implementation of the plan for the Project, subject to continued compliance with continued compliance with all regulatory permits described above.
The Engineer hereby certifies that all permits necessary to complete the Project either have been obtained or in its expert opinion, will be obtained as needed for the entire development.

Lorraine Lakes Engineer’s Report

PROJECT INFRASTRUCTURE

Summary of Project Facilities and Services. The District presently intends to acquire, construct or equip certain public infrastructure improvements necessary for the development of the Lorraine Lakes Community within the boundaries of the District. As stated, the CIP represents a system of improvements benefiting all developable property within the Community. The District generally plans to provide the facilities and services shown on Table 3. This report will deal only with the capital cost of providing the indicated infrastructure.
Roadway Improvements. The Lorraine Lakes development plan contemplates that the majority of the development roadways will be private roads and therefore not be funded with District proceeds. All roads are or will be constructed to applicable Manatee County (the “County”) standards. Roadway construction will include asphalt, subgrade, base, sidewalks, signage and striping. Where required, roadway lighting will be constructed along the roads within the Project and will be Developer-funded.
Water and Wastewater. Potable water wastewater and reuse/irrigation facilities will be provided within the Project and such facilities shall be acquired or constructed by the District. The water and wastewater service, operation, and maintenance will be provided by the County. The County has sufficient capacity to serve the Project's water and wastewater needs at build out. Facilities will be designed and constructed in accordance with County and Florida Department of Environmental Protection standards.
The potable water facilities include distribution mains along with necessary valves, fire hydrants and water services to individual lots. Connections to the existing County system at Uihlein Road, 44th Avenue East and Rangeland Parkway is also included. Approximately 16.4 miles of 2-inch to 10-inch water mains will be constructed.
The wastewater facilities include gravity sewer collection lines with individual services, sanitary sewer lift station and forcemain piping to connect to the existing county system. An estimated 10.2 miles of 8-inch to 12-inch gravity collection lines, 4,000 LF of force main, and 3 sewage lift stations are to be constructed.
Stormwater Management System. The Stormwater Management System includes the drainage system for the Project and includes the Project's roadway drainage structures, wetland preserves, and stormwater detention facilities. Stormwater ponds with associated curb and gutter, culverts, catch basins, swales, channels and water control structures are proposed. The stormwater management system is designed and constructed in accordance with County and Southwest Florida Water Management District standards for water quality and flood control. On-site wetlands and conservation

Lorraine Lakes Engineer’s Report

areas are incorporated as an integrated part of the stormwater management system. Portions of the stormwater conveyance and drainage system to include the curb and gutters, the stormwater culverts, and stormwater pipes or similar stormwater and drainage facilities and services will be financed by the District. Offsite, adjacent and necessary drainage facilities and utility extensions may be funded by the District as required by permits.
Security Facilities. There are currently no security facilities included in the CIP. Any proposed security facilities will be constructed, operated and maintained by the Developer or Homeowners Association.
Perimeter Landscaping and Fencing. There are currently no perimeter landscaping or fencing included in the CIP. Any proposed perimeter landscaping or fencing will be constructed, operated and maintained by the Developer or Homeowners Association.
Reuse/Irrigation. There are currently no reuse/irrigation included in the CIP. Any proposed reuse/irrigation will be constructed, operated and maintained by Braden River Utilities, the Developer or Homeowners Association. Braden River Utilities has sufficient capacity to serve the Project's reuse needs at build out.
Offsite Utility Extensions. There are currently no additional offsite utility extensions in the CIP.

Lorraine Lakes Engineer’s Report

4.0	OPINION OF PROBABLE CONSTRUCTION COSTS

A summary of the probable construction costs for the District’s infrastructure including potable water and sewer facilities, portions of the drainage and stormwater management system and facilities, and improvements is provided in Table 3 and depicts the total estimated costs for the CIP of $21,907,961. Estimated engineering and permitting costs, as well as a contingency, are included in the total cost. Costs do not include administrative, financing, operation or maintenance.

Lorraine Lakes Engineer’s Report

5.0	SUMMARY AND CONCLUSION

The infrastructure, as outlined above, is necessary for the functional development of the Project as required for an applicable independent unit of local government and will benefit the Community and its residents. The planning and design of the infrastructure, discussed herein, is in accordance with current governmental regulatory requirements and will provide its intended function so long as the construction is in substantial compliance with the design and applicable permits.
It is our professional opinion that the infrastructure costs provided herein for the CIP are reasonable to complete the construction of the infrastructure described herein and that these infrastructure improvements will benefit and add value to the Community. All such infrastructure components of the CIP are public facilities as set forth in Sections 189.012(5) of the Florida Statutes.
The estimate of CIP construction costs is only an engineer’s opinion and not a guaranteed maximum price. The estimated costs are based on unit prices currently being experienced for ongoing and similar items of work in Manatee County and quantities as represented on the current construction plans. The labor market, future costs of equipment and materials, and the actual construction process are all beyond our control. Due to the potential for fluctuation in cost, the total final cost may be more or less than the Cost Opinion.
Assuming project construction continues in a timely manner, it is our opinion that the proposed improvements, if constructed and built in substantial accordance with the approved plans and specifications, can be completed and meet their intended functions. Where necessary, historical costs, information from other professional or utility consultants and contractors have been used in preparation of this report. Consultants and contractors who have contributed in providing cost data included in the report are reputable entities in the Manatee County area. It is therefore our opinion that the construction of the proposed Project can be completed at the cost stated.

Lorraine Lakes Engineer’s Report

TABLE 2
LAND USE SUMMARY WITHIN THE PROJECT BOUNDARIES

TYPE OF USE	ACRES	PERCENT OF TOTAL	
Lake	94.8	17.4%	
Residential	247.7	45.5%	
Road Right-of-Way	70.2	12.9%	
Wetland/Conservation Areas	22.6	4.1%	
Other (Upland, Open Space, etc.) *	109.3	20.1%	
TOTAL	544.6	100.0%	
* = includes amenity center

Lorraine Lakes Engineer’s Report

TABLE 3

LORRAINE LAKES COMMUNITY CAPITAL IMPROVEMENT PLAN
Summary of Opinion of Probable Costs May 2020 Construction Cost Estimate

Item	
Description	Phase I	Phase II	Future Phases	Total	
1	Water	$2,099,373	$1,066,183	$1,452,124	$4,617,680	
2	Wastewater	$1,169,284	$1,467,564	$4,969,311	$7,606,159	
3	Drainage	$2,606,662	$1,718,567	$2,176,294	$6,501,522	
4	Professional, Design, and Permitting				$1,310,000	
5	Contingency (~10%) Items 1-3 only				$1,872,600	
				TOTAL:	$21,907,961	

Note: The probable costs estimated herein do not include anticipated capital carrying cost, interest reserves or reserves or other applicable District expenditures and other financing costs that may be incurred.

Lorraine Lakes Engineer’s Report

EXHIBITS LORRAINE LAKES COMMUNITY

FUTURE PHASE

PHASE I

PHASE II

Sources: Esri, HERE, Garmin, USGS, Intermap, INCREMENT P, NRCan, Esri Japan, METI, Esri China (Hong Kong), Esri Korea, Esri (Thailand), NGCC, © OpenStreetMap contributors, and the GIS User Community

 Location Map	

Manatee County

Exhibit 1

Lorraine Lakes	March 2020 SCALE: 1"= 1 MILE

 	Exhibit 2 Legal Description

j A
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SECTIONS 10, 11, 14 and 15, TOWNSHIP 35 SOUTH, RANGE 19 EAST MANATEE COUNTY, FLORIDA

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BEGINNING  AT TI,E  SOUTH  1/4  CORNER  OF  SECTION  10,  TOWNSHI P  35 SOUTH,  RANGE  19  EAST,  MANATEE  COUNT'/,  FLORIDA;  THENCE NORTH 00°24'47" WEST, ALONGTHE WEST BOUNDARY OF THE SOUTHEAST 1/4  OF SAID SECTION 10,  A DISTANCE OF 2,649.44 FEET TO THE CENTER OF SAID SECTION 10; THENCENORTH 00°0 4'03" WEST, ALONG THE WEST BOUNOARY OF THE NORTHEAST 1/4 OF SAID SECTION 10, A DI STANCE OF 208,43 FEET TO A POINT ON THE SOUTHERLY RIGHT OF WAY LINE OF 44TH AVENUE EAST ACCOROING TO OFFICIAL RECORDS BOOK 2746, PAGE 3274, OF THE PUBLIC RECORDS OF MANATEE COUNT'/, FLORIDA, SAME POINT BEING ON A NON-TANGENT CURVE TO THE LEFT; THENCEEASTERLY ALONG SAID SOUTHERLY RIGHT OF WAY LI NE OF 44TH AVENUE EAST, 995.68 FEET ALONG THE ARC OF SAID CURVE, HAVI NG A RADIUS OF 2,203.00 FEET, A CENTRAL ANGLE OF 25°53'45 ", AND A CHORD BEARING AND DISTANCE OF SOUTH 83°29 '26"   EAST  987.23  FEET  TO  A  POINT  ON THE  SOLJTHERLY  RIGHT OF  WAY  LI NE OF  44TH  AVENUE  EAST  ACCORDING TO  OFFICIAL

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RECOROS BOOK 2756, PAGE 3198, OF THE PUBLIC RECORDS OF MANATEE COUNT'/, FLORIDA ; THENCE ALONG SAID SOlJTHERLY RIGHT OF WAY LINE OF 44TH AVENUE EAST THE FOLLOWING FOUR (4) COURSES: 1) SOLJTH 83° 41'49" EAST, A DI STANCE OF 51.80 FEET TO A POINT ON A NON-TANGENT CURVE TO THE LEFT; 2) EASTERLY 284,85 FEET ALONG THE ARC OF SAID CURVE, HAVING A RADIUS OF 2,215.00 FEET, A CENTRAL ANGLE OF 07°22 '05 ", AND A CHORD BEARING AND DISTANCE OF NORTH 78°3 4'14" EAST 284.65 FEET TO A POINT OF REVERSE CURVE TO THE RIGHT; 3) EASTERLY 55.41 FEET ALONG THE ARC OF SAID CURVE, HAVING A RADIUS OF 2,0 7 1.00 FEET, A CENTRAL ANGLE OF 01°31'59 ", AND A CHORD BEARI NG AND DISTANCE OF NORTI, 75°39'11 " EAST 55.4 1 FEET TO A POINT ON A NON-TANGENT CURVE TO THE RIGHT; 4) NORTHEASTERLY 30.11 FEET ALONG THE ARC OF SAID CURVE, HAVING A RADIUS OF 35.00 FEET, A CENTRAL ANGLE OF 49°17'08", AND A CHORD BEARING AND DISTANCE OF NORTH 52°30'38 " EAST 29.19 FEET TO A POINT ON AFORESAID SOUTHERLY RIGHT OF WAY LINE OF 44TH AVENUE EAST ACCORDING TO OFFICIAL RECORDS BOOK 2746, PAGE 3274, SAME BEING A POINT ON A COMPOUND CURVE TO TI,E RIGHT; THENCE ALONG SAID SOUTHERLY RIGHT OF WAY LINE OF 44TH AVENUE EAST THE FOLLOWING TWO ( 2) COURSES: 1) EASTERLY 1,139.95 FEET ALONG THE ARC OF SAID CURVE, HAVING A RAOIUS OF 2,083.00 FEET, A CENTRAL ANGLE OF 31°21'21 ", AND A CHORD BEARING AND DISTANCE OF SOUTH 87° 10'07" EAST 1, 125 .78 FEET TO A POINT OF REVERSE CURVE TO THE LEFT; 2) EASTERLY 1,994.38 FEET ALONG THE ARC OF SAID CURVE, HAVING A RADIUS OF 2,203 .00 FEET, A CENTRAL ANGLE OF s1°s2·11·, ANO A CHORD BEARING AND DIS TANCEOF NORTH 82°34'28" EAST 1,926.96 FEET; THENCE SOUTH 33°21'37" EAST, A DI STANCEOF 215.02 FEET; THENCE SOUTH 63°27'51" EAST, A DISTANCE OF 1,54 7.36 FEET; THENCE NORTH 62° 43'29" EAST, A DISTANCE OF 424.0 7 FEET; THENCE NORTH 89°59'34" EAST, A DI STANCE OF 98.35 FEET TO A POINT ON THE WESTERLY RI GHT OF WAY LINE OF UIHLEIN ROAD ACCORDING TO OFFICIAL RECORDS BOOK 2746, PAGE 327 4, OF THE PUBLIC RECORDSOF MANATEE COUNT'/, FLORIDA; THENCE ALONG SAID WESTERLY RIGHT OF WAY LINE OF UIHLEIN ROAD TI,E FOLLOWING TEN (10) COURSES: 1) SOUTH 00°00'26" EAST, A DI STANCE OF 489,76 FEET TO A POINT ON  A CURVE TO THE RIGHT;  2) SOUTHERLY 140.53 FEET ALONG THE ARC OF SAID CURVE,  HAVING A RADIUS OF 1, 470.00 FEET,  A CENTRAL ANGLE OF 05°28 '39" , AND A CHORD BEARING ANO DIS TANCEOF SOUTH 02°43'53" WEST 140.48 FEET; 3) SOUTH 17°01 '18" WEST, A DI STANCE OF 48.83 FEET; 4) SOlJTH 12°06 ' 38 " WEST, A DI STANCE OF 229.81 FEET; SJ SOUTH 01°24'5S" EAST, A DISTANCE OF 48.56 FEET TO A POINT ON A NON-TANGENT CURVE TO THE LEFT; 6) SOUTHERLY 319.52 FEET ALONGTHE ARC OF SAID CURVE, HAVING A RADIUS OF 1,590.00 FEET, A CENTRAL ANGLE OF 11°30'50", AND A CHORD BEARING AND DISTANCE OF soun, 05°29'27" WEST 318.98 FEET;  7) SOUTH 00°15'58" EAST, A DISTANCEOF 172.81 FEET; 8) SOUTH 13•13 •45• WEST, A DISTANCEOF S1.42 FEET; 9) SOUTH 00°15'58 " EAST, A DI STANCE OF 631.99 FEET TO A POINT ON A CURVE TO THE RIGHT; 10) SOUTHWESTERLY 39.27 FEET ALONG THE ARC OF SAID CURVE, HAVI NG  A RADIUS OF 2S.00 FEET,  A CENTRAL ANGLE  OF 90°00'00", AND A CHORD  BEARIN G ANO DISTANCE  OF SOUTH  44°44'02"  WEST
35.36 FEET TO THENORTHERLY RI GHT OF WAY LINE OF RANGELAND PARKWAY ACCORDING TO OFFICIAL RECORDS BOOK 2745, PAGE 3274,
OF TI,E PUBLICRECORDS OF MANATEE COUNT'/, FLORIDA; THENCE ALONG SAID NORTHERLY RIGHT OF WAY LINE OF RANGELAND PARKWAY THE FOLLOWING FIVE (5) COURSES: 1) SOUTH 89°44'02" WEST, A DISTANCE OF 523.00 FEET TO A POINT ON A CURVE TO THE LEFT; 2) WESTERLY 1,459.90 FEET ALONGTHE ARC OF SAID CURVE, HAVING A RADI US OF 2,160.00 FEET, A CENTRAL ANGLE OF 38°43 '30", AND A CHORD BEARING AND DISTANCE OF SOUTH 70°22'17" WEST 1,432.27 FEET; 3) SOUTH 51°00'32" WEST, A DISTANCE OF 1,748.68 FEET TO A

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NOT TO SCALE'

POINT ON A CURVE TO THE RIGHT;  4)  WESTERLY  2,021.79 FEET ALONG THE ARC OF SAID CURVE, HAVING A RADI US OF 2,940.00 FEET,  A CENTRAL ANGLE OF 39°2 4'05", AND A CHORD BEARING AND DISTANCE OF SOUTH 70°42'35 " WEST 1,982.19 FEET; 5) NORTH 89°35'23" WEST, A DI STANCE OF 1, 133.37  FEET TO THE WEST BOUNDARY OF THE NORTHEAST 1/4  OF SECTION 1S, TOWNSHIP  35 SOUTH, RANGE 19 EAST, MANATEE COUNT'/, FLORIDA; THENCE NORTH 00°25 '34" WEST, ALONG SAID WEST BOUNDARY, A DISTANCE OF 2,033 . 19 FEET TO THE POINT OF BEGINNING

TVPE OF SURVEY: BOUNDARY SURVEY. ANY USE OF THIS SURVEY FOR PURPOSES OTHER THAN WHICH IT WAS INTENDED, WITHOUT WRITTEN VERIFIC ATI ON, WI LL BE AT THE USER'S SOLE RISK AND WI THOUT LIABILITV TO THE SURVEYOR. NOTHING HEREIN SHALL BE CONSTRUED TO GIVE ANY RIGHTS OR BENEFITS TO ANYONE OTI,ER TI,AN THOSE CERTIFIED TO.

TI,IS SURVEY WAS PREPARED WIT H THE BENEITT OF A TI TLE CERTIFICA TIO N PREPARED BY PAVESE LAW FIRM TITLED " LORRAINE LAKES", DATED DECEMBER 5, 2019. SEE EASEMENTS AND COMMENTS ON THIS SHEET.

NO INSTRUMENTS  OF RECORD  REFLECTING EASEMENTS,  RIGHTS-OF- WAY,  AND/OR  OWNERSHIP  WERE  FURNISHED TO OR PURSUED BY THE UNDERSIGNEDOTHER THAN THOSESHOWN HEREON. EASEMENTS OR RESTRICTIONS OF RECORD OTHER THAN THOSE SHOWN HEREON MAY EXIST.

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EASEMENTS : (PER TI TLECERTIFICA TI ON)

1 EASEMENT RECORDED IN OFFICIAL RECORD S BOOK 2729, PAGE 799, PUBLIC RECORDS OF MANATEE COUNT'/, FLORIDA.
SHOWN HEREON.

UTILITV EASEMENT I N FAVOR OF LWR COMMUNITIES, LLC RECORDED IN OFFICIAL RECORDS BOOK 2792, PAGE 842, PUBLIC RECORDS OF MANATEE COUNT'/, FLORIDA
SHOWN HEREON.

NO EXCAVATION WAS PERFORMED TO VERIFY THE LOCATION OR EXISTENCE OF ANY UNDERGROUND IMPRO VEMENTS, STRUCTURES,  OR  FOUNDATIONS, UNDERGROUND UTILITIES  SHOWN  HEREON ARE  SHOWN  PER  ABOVE GROUND EVIDENCE ANO/OR RECORD DRAWINGS  OR MUNICI PAL ATLAS IN FORMATIO N ANO THE LOCATION OF Al l  UNDERGROUNDUTILITV LINES ARE APPROXI MATE ONLY. THIS DOCUMENT SHOULD NOT BE RELIED UPON FOR EXCAVATION  OR CRITICAL DESIGN FUNCTIONS WITHOUT FIELD VERIFICATION OF UNDERGROUND UTILITY LOCATIO NS. UTILITIES OTI,ER THAN THOSESHOWN HEREON MAY EXI ST

TI,E  SURVEY  DEPICTED  HEREON  JS  NOT  INTENDED  TO  SHOW  THE  LOCATIO N  OR  EXIST ENCE  OF  ANY  WETlANO  OR JURISDICTIONAL AREAS, OR AREAS OF PROTECTED SPECIES OF VEGETATION EITHER NATURAL OR CULTIVATED.

UNLESS IT BEARS TI,E SIGNATURE ANO TI,E ORIGINAL SEAL OF A FLORIDA LICENSED SURVEYOR ANO MAPPER THIS DRAWI NG, SKETCH, PLAT OR MAP IS FORIN FORMATIONAL PURPOSES ONLY ANO IS NOT VALID.

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OFFICIAL RECORD BOOK 2814, PAGE 134, All OF THE PUBLIC RECORDS OF MANATEE COUNTY, FLORIDA.
SHOWN HEREON.

ADJOINING PROPERTV OWNERS SHOWN HEREON ARE BASED ON IN FORMATI ON OBTAI NEDFROM THE COUNTY PROPERTV APPRAISER WEB SITE AND I S FOR INFORMATIONAL PURPOSES ONLY.

BEARINGS SHOWN HEREON, WHEN QUALI FIED AS (M) FOR MEASURED ARE BASED ON TI,E FLORIDA STATE PLANE COORDINATE SYSTEM (WEST ZONE), NAD 83 (20 11) AND WERE DERIVE D BY REDUNDANT GLOBAL POSITIONING SYSTEM (GPS) OBSERVATIONS UTILIZING A VIRTUAL REFERENCE STATION REAL TIME NETWORK (RTN) SOLUTION. BEARINGS SHOWN HEREON, AND QUALIFIED AS (D) FOR DEED, (P) FOR PLAT ARE A MEANS TO REFERENCE THE SURVEYED PARCEL TO THEDEED

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TI,IS SURVEY WAS PREPARED WITH THE BENEFIT OF A BOUNDARY SURVEY PREPARED BY GEOPOJNT SURVEYING, I NC.,

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14, LAST DATE OF FIELD SURVEY: 0 1/ 18 / 2019

I NTERIOR I MPROVEMENTS, INCLUDING DITCHES, ROADS, BUI LDINGS AND OTHER AGRICULTURAL IMPROVEMETNS HAVE NOT BEEN LOCATED.  ONLY ITEMS ON OR NEAR THE PROPERTV BOUNDARY  ARE SHOWN HEREON.

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I	

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Master Assessment Report

MASTER ASSESSMENT METHODOLOGY REPORT LAKEWOOD RANCH STEWARDSHIP DISTRICT NORTHEAST SECTOR LORRAINE LAKES PROJECT AREA

LAKEWOOD RANCH STEWARDSHIP DISTRICT

June 2020

Prepared for:

Members of the Board of Supervisors, Lakewood Ranch Stewardship District

Prepared on June 1, 2020

PFM Financial Advisors LLC
12051 Corporate Boulevard
Orlando, FL 32817

MASTER ASSESSMENT METHODOLOGY REPORT LAKEWOOD RANCH STEWARDSHIP DISTRICT NORTHEAST SECTOR LORRAINE LAKES PROJECT AREA

June 1, 2020

Introduction

Purpose

This “Master Assessment Methodology,” dated June 1, 2020 (“Methodology”) provides a system for the allocation of non-ad valorem special assessments securing the repayment of bond debt planned to be issued by the Lakewood Ranch Stewardship District (“District”) to fund beneficial public infrastructure improvements and facilities within the Lorraine Lakes Project Area (“Lorraine Lakes”) located in the Northeast Sector and within the District. The Methodology described herein has two goals: (1) quantifying the special benefits received by properties within the Lorraine Lakes as a result of the construction of the District’s improvements and facilities, and (2) equitably allocating the costs incurred by the District to provide these benefits to properties in Lorraine Lakes.

The District plans to implement a capital improvement program (“CIP”) that will allow for the development of property within Lorraine Lakes. The District plans to fund the majority of its CIP through bond debt financing. This bond debt will be repaid from the proceeds of non-ad valorem special assessments levied by the District. These special assessments will serve as liens against properties within the boundary of Lorraine Lakes that receive a special benefit from the CIP. This Methodology is designed to conform to the requirements of Chapters 170, 197 of the Florida Statutes and Chapter 2005-338, Laws of Florida, as amended with respect to special assessments and is consistent with our understanding of the case law on this subject.

Background

The Lakewood Ranch Stewardship District (“District”) was created on June 17, 2005. The District encompasses approximately 25,605 acres in Manatee and Sarasota Counties. Lorraine Lakes comprises +/- 545 acres located in the Northeast Sector, which contains +/- 3,853 gross acres. The District Engineer’s report of June 2020 (“Engineer’s Report”)1 provides a description of the area.

1 Kimley-Horn and Associates, Inc. (June 2020), “District Engineer’s Report Lorraine Lakes Lakewood Ranch”

This master assessment report provides a methodology to allocate the debt over the approximately 545 acres in Lorraine Lakes that will receive a special benefit from the installation of the District’s portion of the proposed CIP. It is the District’s debt-funded capital infrastructure improvements that will allow the development of the lands in Lorraine Lakes. By making development of the lands within Lorraine Lakes possible, the District creates benefits to these lands within the District. The methodology described herein allocates the District’s debt to the Lorraine Lakes lands based upon the benefits received from the infrastructure program.

Projected Land Use Plan for Lorraine Lakes

Table 1 summarizes the land use development plan with respect to acreage. As detailed in the Engineer’s Report, the maximum number of units permitted per the current development plan is 1,500 units. As further detailed, the current plan envisions the development of 1,412 residential units that will be developed by Lennar Homes, LLC (“Developer”).

Table 1. Development Plan for Lorraine Lakes (Acreage)

Land Use	Acres	
Lake	94.8	
Residential	247.7	
Road Right-of-Way	70.2	
Wetland/Conservation Areas	22.6	
Other (Upland, Open Space, etc.)*	109.3	
	=======	
Total	544.6	
Source: District Engineer’s Report
*Acreage is approximate and subject to change

At the outset, the CIP is based on the land uses the Developer plans for the lands within Lorraine Lakes as shown in Table 1. Lorraine Lakes is planned for 1,412 residential units varying in lots sizes from townhomes to 75-foot single family lots; and the associated infrastructure detailed in the CIP. Table 2, as provided by the Developer and in the Engineer’s Report, details an initial mix of residential product and phasing planned for Lorraine Lakes. However, until either: (a) parcels of land along with their development entitlements are sold by the landowner to the new landowner and entitlements conveyed or (b) plats are filed, the precise land uses are unknown.

Table 2. Development Plan for Lorraine Lakes

Land Use	 Phase I	Phase IIA	Future Phases	Total	
Townhomes	0	224	68	292	
Villas	98	150	14	262	
50' Lot	108	66	222	396	
60' Lot	90	0	188	278	
75' Lot	82	0	102	184	
TOTAL	378	440	594	1,412	
Source: Developer and District Engineer’s Report

Therefore, the District initially will impose assessments (“Assessments”) on a per gross acre basis on the unsold and unplatted properties within Lorraine Lakes based on the land use plan outlined in Table 2 (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 entitlement as transferred to the new landowner from the landowner.

There is one important proviso. The debt per acre on the properties that remain unplatted in Lorraine Lakes 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 of the properties in Lorraine Lakes into the debt allocated to the unplatted properties. 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.

CIP - Infrastructure Installation

The District will acquire or construct its public infrastructure and improvements as outlined in the Engineer’s Report. The District infrastructure and improvements for the Lorraine Lakes entire CIP are presented in Table 3.

Table 3: District Engineer’s Estimated Costs for
The District’s Capital Improvement Program for Lorraine Lakes

Category	Phase I	Phase II	Future Phases	Total	
Water	$2,099,373	$1,066,183	$1,452,124	$4,617,680	
Wastewater	$1,169,284	$1,467,564	$4,969,311	$7,606,159	
Drainage	$2,606,662	$1,718,567	$2,176,294	$6,501,522	
Professional, Design, and Permitting	$0	$0	$0	$1,310,000	
Contingency	$0	$0	$0	$1,872,600	
	========	========	========	========	
Total	$5,875,319	$4,252,314	$8,597,729	$21,907,961	
Source: District Engineer’s Report
Any costs outlined in the Engineer's Report not funded with bond proceeds will be funded by the Developer via Developer's Completion Agreement with the District.

Requirements of a Valid Assessment Methodology

In PFM Financial Advisors LLC, the Assessment Consultant’s (“PFM FA” and/or “AC”) experience, there are two primary requirements for special assessments to be valid under Florida law. First, the properties assessed must receive a special benefit from the improvements paid for via the assessments. Second, the assessments must be fairly and reasonably allocated to the properties being assessed. If these two characteristics of valid special assessments are adhered to, Florida law provides some latitude to legislative bodies, such as the District’s Board of Supervisors, in approving special assessments. Indeed, Florida courts have found that the mathematical perfection of calculating special benefit is impossible, and, accordingly, a special assessment is valid as long as there is a logical relationship between the services provided and the benefit to real property. A court must give deference to the District’s determinations regarding the levy of special assessments, and such special assessments are only invalid if the District’s determinations are found to be arbitrary.

Special Benefits and General Benefits

Improvements undertaken by Lorraine Lakes create both special benefits and general benefits to property owners located within and surrounding Lorraine Lakes. However, in PFM FA’s opinion, the general benefits to the public at large are incidental in nature and are readily distinguishable from the special benefits which accrue to property located within Lorraine Lakes. It is Lorraine Lakes’ CIP that enables properties within Lorraine Lakes’ boundaries to be developed. Without Lorraine Lakes’ CIP there would be no infrastructure to support development of land within Lorraine Lakes. Without these improvements, development of property in Lorraine Lakes would not be permitted.

The new infrastructure improvements included in the CIP create both: (1) special benefits to the developable property within Lorraine Lakes and (2) general benefits to properties outside Lorraine Lakes. However, as discussed below, these general benefits are incidental in nature and are readily distinguishable from the special benefits which accrue to the developable property within Lorraine Lakes. The CIP described in the District Engineer’s Report enables the developable property within Lorraine Lakes to be developed. Without the CIP, there would be no infrastructure to support development of the developable property within Lorraine Lakes.

Demonstration of Benefit

As shown in Table 3, the estimated cost of the CIP is $21,907,961. The District plans to issue bonds to fund a portion of these costs, with total bond principal estimated at $28,145,000 (Table 5). There are an estimated 544.6 acres within Lorraine Lakes. Therefore, the average cost of the District’s CIP, per assessable acre, is $51,680 on an as-financed basis. As discussed in more detail below, at the time all of the properties are developed according to the land plan in Table 2, the developed properties will have absorbed all of the debt that was initially allocated on a gross acre basis.

Therefore, the proper analysis of the special benefit to the properties in Lorraine Lakes planned for development is to compare the current value of the property to be developed to the expected future value of the property after the total CIP is installed. As demonstrated below, the installation of the infrastructure will generate benefits well in excess of its $51,642 per acre cost by boosting the market value of the now undeveloped property well above the current land value (as described below) plus the cost of the infrastructure.
Table 4 demonstrates the expected special benefit to the properties from the installation of the CIP. The development plan shown in Table 1 estimates 1,412 residential units. Since Lorraine Lakes comprises
544.6 gross acres, the plan is for a gross density of 2.59 units per acre.

Based on current market pricing provided by the current landowner, the estimated average market price of residential units to be developed in the District will be $400,000. On average, a finished building lot is valued at approximately 25% of the total home and lot package. This produces an estimated finished lot value of $88,000. The CIP has a total cost as financed of $28,145,000 for 1,412 lots, thus the cost to produce a finished lot is $19,933. The market value of the land, as improved by the CIP, is then estimated as the difference between the value of the finished lot of $88,000 and the cost of the improvements per lot of $19,933 resulting in a residual value for the land, as improved, of $68,067 per lot. The foregoing market value is subject to change based on the final pricing details of the District’s bond issues and the market value of the homes to be built on the properties.

According to the Manatee County Property Appraiser, the 544.6 acres of land that comprise Lorraine Lakes has a land value of $23,001,000. The development program produces a density of 2.59 units per acre for a total of 1,412 lots, so the land value per lot for the lots is $16,290.

Therefore, the District’s CIP will provide a special benefit to the Lorraine Lakes lands. The net increase in the market value of the lots once improved by the CIP is estimated at $51,778. Therefore, the net benefit in market value of the lots after deducting the cost of the land before the improvements is $51,778 (ie. $68,067 - $16,290 = $51,778). This demonstrates the special benefits generated by the CIP to the properties.

Table 4. Demonstration of Special Benefit for Lands in Lorraine Lakes

Category	Amount
Acreage	544.60
Bonds to Fund CIP	$28,145,000
=========
Debt/Acre	$51,680

Units	1,412
Project Acreage	544.60
========
Units/Acre	2.59

Average Price	$400,000	
Finished lot	$88,000	
Cost per lot	$19,933
========	
Remainder	$68,067	
Land Cost	$23,001,000	
Acres	544.60	
Cost/Acre	$42,235	
Cost/DU/Lot	$16,290	

Net Benefit	========
$51,778	
Source: PFM Financial Advisors LLC
*Based on the 2018 assessed value of all assessable District land provided by the Manatee County Property Appraiser.

2.0	CIP Plan of Finance

The District has advised it intends to finance all or a portion of its CIP costs as detailed in Table 3 by issuing bonds. These bonds may be issued in several series, as development progresses within the District. A number of component funds comprise the total principal of the bonds to be issued by the District. These funds may include, but are not limited to, acquisition and construction costs, capitalized interest, a debt service reserve, underwriter’s discount, and issuance costs. The debt service reserve account is set initially at 100% of maximum annual debt service. The bond sizing includes two-years of capitalized interest. The underwriter’s discount was estimated at 2.0%. This allowance pays the underwriter for taking the risks involved in purchasing the District’s bonds. The cost of issuance pays for the trustee, financial advisor, district counsel and other costs associated with issuing the District's bonds.

An estimate of the bond issuance required to fund the District’s CIP for Lorraine Lakes is found in Table
5. The construction/acquisition funds raised by the District's bonds may fund only a portion of the District's CIP. The balance of any remaining CIP costs will be funded by the Developer. As bonds are issued by the District over time, the District will adopt supplemental assessment methodology report(s) detailing the particulars of each specific bond issue. The supplemental report(s) will detail the terms, interest rates, and costs associated with a specific series of bonds. The supplemental report(s) will also detail the specific bond debt service assessments for properties that have been assessed to secure each bond issuance.

Table 5. Estimated District Bond Financing Details for Lorraine Lakes

Bond Fund
Construction/Acquisition Fund	Total Bonds Value
$21,907,961	
Debt Service Reserve	$2,044,704	
Capitalized Interest	$3,377,400	
Costs of Issuance	$250,000	
Underwriter’s Discount	$562,900	
Rounding	$2,035	
Maximum Bond Principal	$28,145,000	

Average Annual Interest Rate:	
6.0%	
Term (Years):	30	
Capitalized Interest (Months):	24	
Maximum Net Annual Debt Service:	$2,044,704	
Maximum Gross Annual Debt Service (1):	$2,198,606	
Source: PFM Financial Advisors LLC
Gross assessments represent the assessment placed on the County tax roll each year, if the District elects to use the Uniform Method of collecting non-ad valorem assessments authorized by Chapter 197 of the Florida Statutes. Gross assessments include a 7.0% gross-up to account for the fees of the County Property Appraiser and Tax Collector and the statutory early payment discount.

Assessment Methodology

Assessment Foundation

The assessment methodology associated with the allocation of the costs of the CIP is a four-step process. First, the District Engineer determines the costs for the District’s infrastructure and related improvements. Second, an estimate of the amount of bonds required to finance the infrastructure improvements is calculated. Third, the District Engineer outlines which parcels benefit from the provision of the infrastructure and improvements. Finally, the as-financed costs of the infrastructure and related improvements are allocated to the benefiting properties based on the approximate relative benefit each unit receives.

Allocation of Specific Assessments

The discussion offered below illustrates the process by which the District will allocate bond debt it incurs to fund its CIP. The District’s maximum $28,145,000 of total bond debt is detailed in Table 5. The District’s bond debt will be secured primarily by special assessments allocated to properties in the District based on and proportional to the benefits that each property receives from 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 District totaling approximately 545 acres. 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 principles are adhered to, Florida law generally allows the District Board some latitude in determining the appropriate methodology to allocate the costs of its CIP to benefiting properties in the District. The two principles 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 assessments to benefiting property, Florida governments have used a variety of methods including, but not limited to, front footage, area, trip rates, equivalent residential units (“ERU”), dwelling units, and acreage. These ERU values equate the benefit received by a stated amount of such particular land use category to the benefit received by a typical single-family residence. The use of ERU values to estimate the benefit derived from infrastructure improvements is recognized as a simple, fair, and reasonable method for apportioning benefit. The Florida Supreme Court concluded that the ERU method was a valid methodology in its decision in Winter Springs v. State.3 In addition, the ERU methodology is widely used in other similar CDDs.

Table 6 contains the allocation of the District’s CIP costs, as financed, to the Development Units planned for the District based on the ERU value assigned to each Development Unit. Table 7 shows the annual bond debt service assessments associated with the bond par allocations found in Table 6. Table 7 becomes important as the land within the District is platted, as specific bond debt service assessments will be assigned to the individual Development Units at that time.

3 City of Winter Springs v. State, 776 So.2d 255 (Fla 2003)

Table 6. Allocation of the Costs of the District’s CIP, as Financed

Land Use	Units	ERU/Unit	ERUs	%ERU	Total Par Debt	Par Debt/Unit	
Townhomes	292	0.78	227.1	14.1%	$3,979,000	$13,627	
Villas	262	1.00	262.0	16.3%	$4,590,255	$17,520	
50' Lot	396	1.11	440.0	27.4%	$7,708,826	$19,467	
60' Lot	278	1.33	370.7	23.1%	$6,494,102	$23,360	
75' Lot	184	1.67	306.7	19.1%	$5,372,818	$29,200	
TOTAL	1,412		1,606.5	100.0%	$28,145,000		
Source: PFM Financial Advisors LLC

Table 7. Summary of Annual Assessments

Land Use	Debt/Unit	Net Debt Service	Administrative Expenses	Total Debt Service	
Townhomes	$13,627	$990	$75	$1,064	
Villas	$17,520	$1,273	$96	$1,369	
50' Lot	$19,467	$1,414	$106	$1,521	
60' Lot	$23,360	$1,697	$128	$1,825	
75' Lot	$29,200	$2,121	$160	$2,281	
Source: PFM Financial Advisors LLC
Gross assessments represent the assessment placed on the County tax roll each year, if the District elects to use the Uniform Method of collecting non-ad valorem assessments authorized by Chapter 197 of the Florida Statutes. Gross assessments include a 7.0% gross-up to account for the fees of the County Property Appraiser and Tax Collector and the statutory early payment discount.

True-Up Mechanism

Although the District does not process plats, it does have an important role to play during the course of development. Whenever a parcel’s land use and development density and intensity is determined with sufficient certainty, the District must allocate a portion of its debt to the parcel according to the procedures outlined in Section 3.2 above. In addition, the District must also prevent any buildup of debt on land that has not yet been developed. Otherwise, the land could be fully subdivided without all of the debt being allocated.

To preclude this, a test is conducted when development thresholds are reached within the District. As long as the development at these thresholds does not cause the debt on the remaining land to increase above a debt “Ceiling Level” illustrated in Table 8 below, then no further action in necessary. However, if the debt on the remaining land does increase, a debt reduction payment will be necessary.

The ceiling level of debt is established at the time each series of bonds is issued. The ceiling amount is the ratio of the amount of debt outstanding divided by the number of acres of land for which no debt allocation has occurred as per this methodology. For example, the District may issue up to $28,145,000 in Bonds to fund the Lorraine Lakes CIP. According to the Engineer’s Report, there are approximately
544.6 gross acres of land within the District. Each of these acres will be assigned an equal assessment of the $28,145,000 in remaining unassigned bond debt assessments. Therefore, and assuming for purposes of this illustration that all $28,145,000 in anticipated bond debt is issued by the District to fund its CIP, the ceiling level of debt for developable and assessable properties would be $51,680 per acre ($28,145,000 / 544.6). This ceiling level is based upon the best information available at the time of this report, is subject to change, and will only be finalized at the time of the District’s first bond issuance.

A test will be conducted when 25%, 50%, 75%, and 100% of the acreage within the District has been developed. Table 8 below illustrates when the true-up test will be applied to determine if debt reduction payments are required. However, a true-up payment may be suspended at the District’s discretion. If the property owner can demonstrate to the District, and the District finds in its discretion (consistent with the opinion of the District Engineer), that all necessary land use approvals, including applicable zoning, can reasonably and economically support development totaling greater than or equal to 1,412 units for the District on the remaining unplatted developable acreage within the remaining acres, a true-up payment may be suspended.

Table 8. True- Up Thresholds

Category	25%	50%	75%	100%	
Platted Developable Acres	136.15	272.30	408.45	544.60	
Unplatted Developable Acres	408.45	272.30	136.15	-	
Debt Ceiling per Acre	$51,680	$51,680	$51,680	$51,680	
Source: PFM Financial Advisors LLC

In the event that additional land not currently subject to the assessments required to repay the debt associated with the CIP is developed in such a manner as to receive special benefit from the CIP, it is contemplated that this Methodology will be re-applied to include such new parcels. The additional land, as a result of applying this Methodology, will be allocated an appropriate share of the special assessments, with all previously-assessed parcels receiving a relative adjustment in their assessment levels.

4.0	Contribution of District Infrastructure and/or Improvements

The costs of the District’s CIP will likely be funded by two mechanisms. The first mechanism is the issuance of special assessment bonds. The second mechanism is the contribution of funds or CIP components to the District (“Contribution”). Property owners within the District will have the opportunity to make such a Contribution upon approval by the District.

A District property owner’s Contribution will give rise to assessment credits that can be applied by the property owner to reduce or eliminate bond debt service assessments that would otherwise be assigned to lands within the District to fund the costs of the CIP. Prior to a property owner reducing or eliminating bond debt service assessments through a Contribution, it must be shown that the improvements funded or contributed by the property owner are a component of the CIP, as outlined in the Engineer’s Report. The property owner will be permitted to apply assessment credits equal to the value of the Contribution plus the costs of financing the improvement(s) that would otherwise have been incurred by the District if the District were required to issue bonds to fund or acquire the improvement(s) (such that the property would not be responsible for bond financing costs if the Contribution was made prior to the District’s issuance of special assessment bonds). A property owner possessing assessment credits due to a Contribution will, in the District’s discretion, have the opportunity to use the assessment credits to adjust bond debt service assessment levels of Development Units.

Assessment Roll

Table 9 outlines the maximum bond principal assessment per assessable acre for the lands within Lorraine Lakes. The assessments shall be paid in not more than thirty (30) annual installments.

Table 9. Assessment Roll

Assessable	Bond Principal Bond Principal	Assessment per	Net Total Bond Annual	Net Annual Assessment	Bond Gross
Annual	Bond Gross Annual Assessment per	
Parcel ID Numbers	Acreage	Assessment	Acre	Assessment	per Acre	Assessment (1)	Acre (1)	
580900409	544.60	$28,145,000	$51,680	$2,044,704	$3,755	$2,198,606	$4,037	
Source: PFM Financial Advisors LLC
Gross assessments represent the assessment placed on the County tax roll each year, if the District elects to use the Uniform Method of collecting non-ad valorem assessments authorized by Chapter 197 of the Florida Statutes. Gross assessments include a 7.0% gross-up to account for the fees of the County Property Appraiser and Tax Collector and the statutory early payment discount.

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Public Hearing

Serial Number 20-00677M

usiness
.  server
Published Weekly Manatee, Manatee County, Florida

COUNTY OF MANATEE

STATE OF FLORIDA

Before the undersigned authority personally appeared Karen Ovadia who on oath says that he/she is Publisher's Representative of the Business Observer a weekly newspaper published at Manatee, Manatee County, Florida; that the attached copy of advertisement,

being a Notice of Public Meeting

in the matter of Notice of Public Hearings for the Lakewood Ranch Stew ardshi p District on Jul) IO. 2020 at 9:00 am

in the Court, was published in said newspaper in the issues of 6/19/2020, 6/26/2020

See Attached

Affiant further says that the said Business Observer is a newspaper published at Manatee, Manatee County, Florida, and that said newspaper has heretofore been continuously published and has been entered as periodicals matter at the Post Office in Manatee in said Manatee County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that he/she has neither paid nor promised any person, firm or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for publication in said newspaper.
*This Notice was placed on the newspaper's website and floridapublicnotices.com on the same day the notice appeared in the newspaper.

Karen Ovadia
Sworn to and subscribed, and personally appeared by physical presence before me, 26th day of June, 2020 A.D.
by Karen Ovadia who is personally known to me.

Notary Public, State of Florida (SEAL)

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Serial Number 20-01218S

Published Weekly Sarasota, Sarasota County, Florida
COUNTY OF SARASOTA

STATE OF FLORIDA

Before the undersigned authority personally appeared Karen Ovadia who on oath says that he/she is Publisher's Representative of the Business Observer a weekly newspaper published at Sarasota, Sarasota County, Florida; that the attached copy of advertisement,

being a Notice of Public Meeting

in the matter of Notice of Public Hearin!! for the Lakewood Ranch Stewardshi p
District on Ju, l   10, 2020 at 9:00 am

in the Court, was published in said newspaper in the issues of 6/19/2020, 6/26/2020
Affiant further says that the said Business Observer is a newspaper published at Sarasota, Sarasota County, Florida, and that said newspaper has heretofore been continuously published and has been entered as periodicals matter at the Post Office in Sarasota in said Sarasota County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that he/she has neither paid nor promised any person, firm or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for publication in said newspaper.
*This Notice was placed on the newspaper's website and floridapublicnotices.com on the same day the notice appeared in the newspaper .

See Attached

Karen Ovadia
Sworn to and subscribed, and personally appeared by physical presence before me, 26th day of June, 2020 A.D.
by Karen Ovadia who is personally known to me.

Notary Public, State of Florida (SEAL)

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JUNE 19.  JUNE 25, 2020	SARASOTA COUNTY	BusinessObse1verFL.com a,.M,J
SARASOTA COUNTY LEGAL NOTICES

 	

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/"dlblo:.,_,,,19dJ- 1 2020

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Resolution 2020-30

RESOLUTION 2020-30 [LORRAINE LAKES PROJECT]
A RESOLUTION AUTHORIZING DISTRICT PROJECTS FOR CONSTRUCTION AND/OR ACQUISITION OF INFRASTRUCTURE IMPROVEMENTS; EQUALIZING, APPROVING, CONFIRMING, AND LEVYING SPECIAL ASSESSMENTS ON PROPERTY SPECIALLY BENEFITTED BY SUCH PROJECTS TO PAY THE COST THEREOF; PROVIDING FOR THE PAYMENT AND THE COLLECTION OF SUCH SPECIAL ASSESSMENTS BY THE METHODS PROVIDED FOR BY CHAPTERS 170 AND 197, FLORIDA STATUTES, AND CHAPTER 2005-338, LAWS OF FLORIDA; CONFIRMING THE DISTRICT’S INTENTION TO ISSUE SPECIAL ASSESSMENT REVENUE BONDS, NOTES OR OTHER INDEBTEDNESS; PROVIDING FOR APPLICATION OF TRUE-UP PAYMENTS; MAKING PROVISIONS FOR OWNERSHIP OF REAL PROPERTY BY GOVERNMENTAL BODIES AND HOMEOWNERS ASSOCIATIONS; MAKING PROVISIONS FOR TRANSFERS OF REAL PROPERTY TO GOVERNMENTAL BODIES; PROVIDING FOR THE RECORDING OF AN ASSESSMENT NOTICE; PROVIDING FOR SEVERABILITY, CONFLICTS AND AN EFFECTIVE DATE

WHEREAS, the Lakewood Ranch Stewardship District (the “District”) has previously indicated its intention to construct certain types of infrastructure improvements and to finance such infrastructure improvements through the issuance of its special assessment bonds or other financial instrument, which bonds or other financial instrument would be repaid by the imposition of special assessments on benefitted property within the District; and

WHEREAS, the District Board of Supervisors (the “Board”) has noticed and conducted a public hearing pursuant to Chapters 170 and 197, Florida Statutes, and Chapter 2005-338, Laws of Florida, relating to the imposition, levy, collection and enforcement of such assessments.

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 Chapters 170 and 197, Florida Statutes, and Chapter 2005-338, Laws of Florida.

SECTION 2. FINDINGS. The Board of Supervisors of the Lakewood Ranch Stewardship District hereby finds and determines as follows:

The District is a local unit of special-purpose government organized and existing under and pursuant to Chapters 170 and 197, Florida Statutes, and Chapter 2005-338, Laws of Florida, as amended.

The District is authorized by Chapter 2005-338, Laws of Florida, to finance, fund, plan, establish, acquire, install, equip, operate, extend, construct, or reconstruct roadways, and other water management and control facilities, recreation, utilities, and other infrastructure projects, and services necessitated by the development of, and serving lands within, the District.

The District is authorized by Chapters 170 and 197, Florida Statutes, and Section 13 of Chapter 2005-338, Laws of Florida, to levy and impose special assessments to pay all, or any part of, the cost of such infrastructure projects and services (“Special Assessments”), and to issue special assessment bonds or other financial instrument payable from such special assessments as provided in Chapters 170 and 197, Florida Statutes, and Section 13 of Chapter 2005-338, Laws of Florida.

It is necessary to the public health, safety and welfare and in the best interests of the District that (i) the District provide the Lorraine Lakes Project (the “Project”) the nature and location of which was initially described in Resolution 2020-21 and is shown in the Engineer’s Report for Lorraine Lakes dated June 2020, (the “Engineer’s Report”), and the plans and specifications on file in the offices of the District Manager at 12051 Corporate Blvd., Orlando 32817 and the District’s local records office, located at 14400 Covenant Way, Lakewood Ranch, Florida 34202; (ii) the cost of such Project be assessed against the lands specially benefitted by such Project that are located within the Project boundary; and (iii) the District issue bonds, notes or other indebtedness to provide funds for such purposes pending the receipt of such Special Assessments.

The provision of said Project, the levying of such Special Assessments and the sale and issuance of such bonds, notes or other indebtedness serves a proper, essential, and valid public purpose and is in the best interests of the District, its landowners and residents.

In order to provide funds with which to pay the costs of the Project which are to be assessed against certain of the benefitted properties, pending the collection of such Special Assessments, it is necessary for the District from time to time to sell and issue its special assessment bonds notes, or other indebtedness in one or more series (collectively, the “Bonds”).

By Resolution 2020-21, the Board determined to provide the Project and to defray the costs thereof by levying Special Assessments on certain benefitted property and expressed an intention to issue the Bonds to provide a portion of the funds needed for the Project prior to the collection of such Special Assessments. Resolution 2020-21 was adopted in compliance with the requirements of Section 170.03, Florida Statutes, and Section 13 of Chapter 2005-338, Laws of Florida, and prior to the time it was adopted, the requirements of Section 170.04, Florida Statutes and Section 13 of Chapter 2005-338, Laws of Florida, had been met.

As directed by Resolution 2020-21, said resolution was published as required by Section 170.05, Florida Statutes and Section 13 of Chapter 2005-338, Laws of Florida, and a copy of the publisher’s affidavit of publication is on file with the Secretary of the Board.

As directed by Resolution 2020-21, a preliminary assessment roll was adopted and filed with the Board as required by Section 170.06, Florida Statutes, and Section 13 of Chapter 2005-338, Laws of Florida.

As required by Section 170.07, Florida Statutes, and Section 13 of Chapter 2005-338, Laws of Florida, upon completion of the preliminary assessment roll, the Board adopted Resolution 2020-22 fixing the time and place of a public hearing at which owners of the property to be assessed and other persons interested therein may appear before the Board and be heard as to (1) the propriety and advisability of making the infrastructure improvements, (2) the cost thereof, (3) the manner of payment therefore, and (4) the amount thereof to be assessed against each specially benefitted property or parcel and provided for publication of notice of such public hearing and individual mailed notice in accordance with Chapters 170 and 197, Florida Statutes, and Section 13 of Chapter 2005-338, Laws of Florida.

Notice of such public hearing was given by publication and also by mail as required by Section 170.07, Florida Statutes, and Section 13 of Chapter 2005-338, Laws of Florida. Affidavits as to such publications and mailings are on file in the office of the Secretary of the Board.

On July 10, 2020, at the time and place specified in the published notice referred to in paragraph (k) above, the Board convened, heard any complaints and testimony as to the matters described in paragraph (j) above, and met as an Equalization Board. The Board has made such modifications in the preliminary assessment roll as it deems necessary, just and right in the making of the final assessment roll.

Having considered the estimated costs of the Project, estimates of financing costs and all complaints and evidence presented at such public hearing, the Board of Supervisors of the District further finds and determines that:

the estimated costs of the Project is as specified in the Engineer’s Report, attached as Exhibit A hereto and incorporated herein by this reference, which is hereby adopted and approved, and that the amount of such costs is reasonable and proper; and

it is reasonable, proper, just and right to assess the cost of such Project against the properties specially benefitted thereby using the method determined by the Board set forth in the Master Assessment Methodology Report Lakewood Ranch Stewardship District Northeast Sector Lorraine Lakes Project Area, dated June 2020 (the “Methodology Report”), attached hereto as Exhibit B and incorporated herein by this reference, which results in the Special Assessments set forth on the final assessment roll; and

it is hereby declared that the Project will constitute a special benefit to all parcels of real property listed on said final assessment roll and that the benefit, in the case of each such parcel, will be equal to or in excess of the Special Assessments thereon when allocated as set forth in Exhibit B; and

it is hereby declared that, if applicable, certain additional infrastructure contributed by the owner of the lands within the Project, more particularly described in the Methodology Report, shall also constitute a special benefit to all parcels of real property listed on said final assessment roll, and such contribution may be applied in accordance with the Methodology Report; and

it is in the best interests of the District that the Special Assessments be paid and collected as herein provided.

SECTION 3. AUTHORIZATION OF DISTRICT PROJECT. That certain Project for construction of infrastructure improvements initially described in Resolution 2020-21, and more specifically identified and described in Exhibit A attached hereto, is hereby authorized and approved and the proper officers, employees and/or agents of the District are hereby authorized and directed to take such further action as may be necessary or desirable to cause the same to be made following the issuance of the Bonds referred to herein.

SECTION 4. ESTIMATED COST OF IMPROVEMENTS. The total estimated costs of the Project and the costs to be paid by Special Assessments on all specially benefitted property are set forth in Exhibits A and B, respectively.

SECTION 5. EQUALIZATION, APPROVAL, CONFIRMATION AND LEVY OF
SPECIAL ASSESSMENTS. The Special Assessments on the parcels specially benefitted by the Project, all as specified in the final assessment roll set forth in Exhibit B, attached hereto, are hereby equalized, approved, confirmed and levied. Immediately following the adoption of this resolution these Special Assessments as reflected in Exhibit B, attached hereto, shall be recorded by the Secretary of the Board of the District in a special book, to be known as the “Improvement Lien Book.” The Special Assessment or assessments against each respective parcel shown on such final assessment roll and interest, costs and penalties thereon, as hereafter provided, 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. Prior to the issuance of any bonds or other financial indebtedness, including refunding bonds, the District may, by subsequent resolution, adjust the acreage assigned to particular parcel identification numbers listed on the final assessment roll to reflect accurate apportionment of acreage within the District amongst individual parcel identification numbers. The District may make any other such acreage and boundary adjustments to parcels listed on the final assessment roll as may be necessary in the best interests of the District as determined by the Board by subsequent resolution. Any such adjustment in the assessment roll shall be consistent with the requirements of law. In the event the issuance of bonds or other financial indebtedness, including refunding bonds, by the District would result in a decrease of the Special Assessments, then the District shall by subsequent resolution, adopted within sixty (60) days of the sale of such bonds at a publicly noticed meeting and without the need for further public hearing, evidence such a decrease and amend the final assessment roll as shown in the Improvement Lien Book to reflect such a decrease.

SECTION 6. FINALIZATION OF SPECIAL ASSESSMENTS. When the entire Project
has both been constructed or otherwise provided to the satisfaction of the Board, the Board shall

adopt a resolution accepting the same and determining the actual costs (including financing costs) thereof, as required by Sections 170.08 and 170.09, Florida Statutes, and Section 13 of Chapter 2005-338, Laws of Florida. Pursuant to the provisions of Section 170.08, Florida Statutes, and Section 13 of Chapter 2005-338, Laws of Florida, regarding completion of a project funded by a particular series of bonds or other financial instrument, the District shall credit to each Special Assessment the difference, if any, between the Special Assessment as hereby made, approved and confirmed and the actual costs incurred in completing the Project. In making such credits, no credit shall be given for bond financing costs, capitalized interest, funded reserves or bond discounts. Such credits, if any, shall be entered in the Improvement Lien Book. Once the final amount of Special Assessments for the entire Project has been determined, the term “Special Assessment” shall, with respect to each parcel, mean the sum of the costs of the Project. In the event that a landowner prepays a Special Assessment prior to its finalization, no credit shall be given if the total cost of the Project are less than anticipated.

SECTION  7.	PAYMENT OF SPECIAL ASSESSMENTS AND METHOD OF COLLECTION.

The Special Assessments may be paid in not more than thirty (30) consecutive annual installments of principal and interest or such other schedule as may be set by the amortization schedule for the Bonds. The Special Assessments may be paid in full without interest at any time within thirty (30) days after the completion of the Project and the adoption by the Board of a resolution by the District accepting the Project; provided, however, that the Board shall at any time make such adjustments by resolution, at a noticed meeting of the Board, to that payment schedule as may be necessary and in the best interests of the District to account for changes in long and short term debt as actually issued by the District. At any time subsequent to thirty (30) days after the Project has been completed and a resolution accepting the Project has been adopted by the Board, the Special Assessments may be prepaid in full including interest amounts to the next succeeding interest payment date or to the second succeeding interest payment date if such a prepayment is made within forty-five (45) calendar days before an interest payment date. The owner of property subject to Special Assessments may prepay the entire remaining balance of the Special Assessments at any time, or a portion of the remaining balance of the Special Assessment one time if there is also paid, in addition to the prepaid principal balance of the Special Assessment, an amount equal to the interest that would otherwise be due on such prepaid amount on the next succeeding interest payment date for the Bonds, or, if prepaid during the forty-five (45) day period preceding such interest payment date, to the interest payment date following such next succeeding interest payment date. Prepayment of Special Assessments does not entitle the property owner to any discounts for early payment.

The District may elect to use the method of collecting Special Assessments authorized by Sections 197.3632 and 197.3635, Florida Statutes and Section 13 of Chapter 2005-338, Laws of Florida (the “Uniform Method”). The District has heretofore taken, or will use its best efforts to take as timely required, all necessary actions to comply with the provisions of said Sections 197.3632 and 197.3635, Florida Statutes and Section 13 of Chapter 2005-338, Laws of Florida. Such Special Assessments may be subject to all of the collection provisions of Chapter 197, Florida Statutes. Notwithstanding the above, in the event the Uniform Method of collecting its special or non ad valorem assessments is not available to the District in any year, or if determined by the District to be

in its best interest, the Special Assessments may be collected as is otherwise permitted by law. The District may, in its sole discretion, collect Special Assessments by directly assessing landowner(s) and enforcing said collection in any manner authorized by law. Notwithstanding the foregoing, the collection methods actually utilized by the Districts for each series of the Bonds shall be as set forth in a supplemental resolution relative to same.

For each year the District uses the Uniform Method, the District shall enter into an agreement with the Tax Collector of Manatee County who may notify each owner of a lot or parcel within the District of the amount of the Special Assessment, including interest thereon, in the manner provided in Section 197.3635, Florida Statutes, and Section 13 of Chapter 2005-338, Laws of Florida.

In the event that an assessment payment is not made in accordance with the schedule referenced above, such assessment and any future scheduled assessment payments shall be delinquent and shall accrue penalties and interest in the amount of one percent (1%) per month plus all costs of collection and enforcement, and shall either be enforced pursuant to a foreclosure action, or, at the District’s discretion, collected pursuant to the Uniform Method on a future tax bill, which amount may include penalties, interest, and costs of collection and enforcement. In the event an assessment subject to direct collection by the District shall be delinquent, the District Manager and District Counsel, without further authorization by the Board, may initiate foreclosure proceedings to collect and enforce the delinquent and remaining assessments.

SECTION 8. APPLICATION OF TRUE UP PAYMENTS.

Pursuant to the Methodology Report, attached hereto as Exhibit B, there may be required from time to time certain “True Up Payments.” As parcels of land or lots are developed, the special assessments securing the Bonds shall be allocated as set forth in the Methodology Report. In furtherance thereof, at such time as the lands within the Project boundary are platted, it shall be an express condition of the lien established by this Resolution that such plats shall be presented to the District Manager for review, approval and calculation of the percentage of acres and numbers of units which will be, after the approval of such plat by Manatee County, considered to be developed. No further action by the Board of Supervisors shall be required. The District’s review shall be limited solely to this function and the enforcement of the lien established by this Resolution. The District Manager shall cause the Special Assessments to be reallocated to the units being platted and the remaining property in accordance with Exhibit B; cause such reallocation to be recorded in the District’s Improvement Lien Book; and, at such time as 25%, 50%, 75% and 100% of the gross acreage within the Project boundary is platted, shall perform the true-up calculations described in Exhibit B, which process is incorporated herein as if fully set forth. Any resulting True-Up Payment shall become due and payable that tax year by the landowner(s) of record of the remaining property, in addition to the regular assessment installment payable with respect to the remaining developable acres.

The District will take all necessary steps to ensure that True-Up Payments are made in a timely fashion to ensure its debt service obligations are met. The District shall record all True-Up Payments in its Improvement Lien Book.

The foregoing is based on the District's understanding that as many as 1,412 residential units will be developed on approximately 544.6 acres based on the unit numbers and types shown in Exhibit B, on the property subject to the Special Assessments. The Assessment Methodology Report is to provide a formula to ensure that the appropriate ratio of the Special Assessments to developable acres is maintained if less acres are developed. However, no action by the District prohibits or proscribes a maximum amount of development that may occur. In no event shall the District collect Special Assessments pursuant to this Resolution in excess of the total debt service related to the Project, including all costs of financing and interest. The District recognizes that such things as regulatory requirements and market conditions may affect the timing and scope of the development in the District. If the strict application of the True-Up Methodology to any assessment reallocation pursuant to this paragraph would result in Special Assessments collected in excess of the District’s total debt service obligation for the Project, the Board shall by resolution take appropriate action to equitably reallocate the Special Assessments. Further, upon the District’s review of the final plat for the developable acres, any unallocated Special Assessments shall become due and payable and must be paid prior to the District’s approval of that plat.

The application of the monies received from True-Up Payments or assessments to the actual debt service obligations of the District, whether long term or short term, shall be set forth in the supplemental assessment resolution adopted for each series of Bonds actually issued. A separate resolution shall be issued for each set of Bonds. Such subsequent resolution shall be adopted at a noticed meeting of the District, and shall set forth the actual amounts financed, costs of issuance, expected costs of collection, and the total amount of the assessments pledged to that issue, which amount shall be consistent with the lien imposed by this Resolution.

SECTION 9. GOVERNMENT PROPERTY; HOMEOWNERS ASSOCIATION PROPERTY; TRANSFERS OF PROPERTY TO UNITS OF LOCAL, STATE, AND
FEDERAL GOVERNMENT. Property owned by units of local, state, and federal government shall not be subject to the Special Assessments without specific consent thereto. In addition, property owned by a property owners association or a home owners association that is exempt from special assessments under Florida law shall not be subject to the Special Assessments. If at any time, any real property on which Special Assessments are imposed by this Resolution is sold or otherwise transferred to a unit of local, state, or federal government (without consent of such governmental unit to the imposition of Special Assessments thereon), all future unpaid Special Assessments for such tax parcel shall become due and payable immediately prior to such transfer without any further action of the District.

SECTION 10. ASSESSMENT NOTICE. The District’s Secretary is hereby directed to record a general Notice of Assessments in the Official Records of Manatee County, Florida, which shall be updated from time to time in a manner consistent with changes in the boundaries of the District.

SECTION 11. 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 section of this Resolution shall not thereby be affected or impaired unless it clearly appears that 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.

SECTION 12. CONFLICTS. All resolutions or parts thereof in conflict herewith are, to the extent of such conflict, superseded and repealed.

SECTION 13. EFFECTIVE DATE. This Resolution shall become effective upon its adoption.

PASSED AND ADOPTED this 10th day of July, 2020.

ATTEST:	BOARD OF SUPERVISORS OF THE LAKEWOOD RANCH STEWARDSHIP DISTRICT

Secretary	Chairman/ Vice Chairman

Exhibit A:	Engineer’s Report for Lorraine Lakes dated June 2020
Exhibit B:	Master Assessment Methodology Report Lakewood Ranch Stewardship District Northeast Sector Lorraine Lakes Project Area, dated June 2020

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Agreements between the District and Kimley-Horn and Associates, Inc. for Engineering Services

AGREEMENT BETWEEN THE LAKEWOOD RANCH STEWARDSHIP DISTRICT AND KIMLEY-HORN AND ASSOCIATES, INC. FOR ENGINEERING SERVICES RELATIVE TO LORRAINE LAKES PROJECT BOND ISSUANCE

THIS AGREEMENT (the “Agreement”) is made and entered into this 10th day of July, 2020, by and between:

Lakewood Ranch Stewardship District, a local unit of special-purpose government located in Sarasota and Manatee Counties, Florida, and whose mailing address is 12051 Corporate Boulevard, Orlando, Florida 32817 (the “District”); and

Kimley-Horn and Associates, Inc., a North Carolina corporation, whose mailing address is 1777 Main Street, Suite 200, Sarasota, Florida 34236 (the “Engineer”).

RECITALS

WHEREAS, the District is a local unit of special-purpose government established and existing pursuant Chapter 2005-338, Laws of Florida, and located in Sarasota and Manatee Counties, Florida; and

WHEREAS, the District is authorized to plan, finance, construct, install, acquire and/or maintain improvements, facilities and services in conjunction with the development of the lands within the District; and

WHEREAS, the District has a need to retain a professional engineer to provide certain engineering services relative to the District’s anticipated issuance of special assessment revenue bonds to fund the construction and/or acquisition of the District’s Lorraine Lakes Project (the “Bonds”), including but not limited to engineer’s report preparation, Board meeting attendance and all other tasks incidental to the District’s issuance of the Bonds (collectively, the “Bond Issuance Services”); and

WHEREAS, the Engineer represents that it is licensed, qualified and capable of providing the Bond Issuance Services and has agreed to provide such services for the District in accordance with the terms of this Agreement; and

WHEREAS, the Engineer shall serve as District’s professional representative with respect to the provision of the Bond Issuance Services, and will give consultation and advice to the District during performance of such services.

NOW, THEREFORE, for and in consideration of the mutual covenants herein contained, the acts and deeds to be performed by the parties and the payments by the District to the Engineer of the sums of money herein specified, it is mutually covenanted and agreed as follows:
Article 1.  Incorporation of Recitals.   The recitals stated above are true and correct  and by this reference are incorporated as a material part of this Agreement.

Article 2. Duties. The Engineer  will provide the Bond  Issuance Services  to the  District, including but not limited to:

Preparation of an Engineer’s Report relative to the issuance of the Bonds, and any other necessary reports.

Attendance at meetings of the District’s Board of Supervisors, when requested.

Assistance in meeting with necessary parties involving the issuance of the Bonds.

Any other incidental items requested by the Board of Supervisors.

Article 3. Compensation.

Lump Sum Amount- Compensation for the portion of the Bond Issuance Services relating to the preparation of the Engineer’s Report (hereinafter, the “Report Preparation Services”) shall be paid to the Engineer in a lump sum amount of
 	 Dollars ($ 	). The Engineer shall invoice the  District upon completion of the Report Preparation Services and issuance of the final report to the District. The District shall remit payment to the Engineer within thirty (30) days of receipt of such an invoice.

Hourly Personnel Rates- All other tasks relative to the provision of the Bond Issuance Services shall be paid on an hourly basis in accordance with the rates set forth in the attached Exhibit A, which is incorporated herein by reference.

Article 4. Reimbursable Expenses. Reimbursable expenses consist of actual expenditures made by Engineer, its employees, or its consultants in the completion of the Bond Issuance Services, listed as follows:

Expenses of transportation and living when traveling in connection with the completion of the Bond Issuance Services, for long distance phone calls and telegrams, and fees paid for securing approval of authorities having jurisdiction over the project. All expenditures shall be made in accordance with Chapter 112, Florida Statutes, and with the District’s travel policy.

Expense of reproduction, postage and handling of drawings and specifications.

Article 5. Term of Contract. It is understood and agreed that the term of this  Agreement will be from the time of execution by the parties hereof, until terminated in accordance with its terms; provided, however, that the Agreement shall automatically terminate upon the issuance of the Bonds by the District.

Article 6. Special Consultants. When authorized  in  writing  by  the  District,  additional special consulting services may be utilized by Engineer and paid for on a cost basis.

Article 7. Books and Records. Engineer shall maintain comprehensive books and records relating to any services performed under this Agreement, which shall be retained by Engineer for a period of at least four (4) years from and after completion of any services hereunder, or such further time as required under Florida public records law. Any accounting records pertaining to the services provided hereunder shall be kept on a basis of generally accepted accounting principles. The District, or its authorized representative, shall have the right to audit such books and records at all reasonable times upon prior notice to Engineer.

Article 8.	Ownership of Documents.

All rights in and title to all plans, drawings, specifications, ideas, concepts, designs, sketches, models, programs, software, creation, inventions, reports, or other tangible work product originally developed by Engineer pursuant to this Agreement (the “Work Product”) shall be and remain the sole and exclusive property of the District when developed and shall be considered work for hire.

The Engineer shall deliver all Work Product to the District upon completion thereof unless it is necessary for Engineer in the District’s sole discretion, to retain possession for a longer period of time. Upon termination of Engineer’s services hereunder, Engineer shall deliver all such Work Product whether complete or not. The District shall have all rights to use any and all Work Product. Engineer shall retain  copies of the Work Product for its permanent records, provided the Work Product is not used without the District’s prior express written consent. Engineer agrees not to recreate any Work Product contemplated by this Agreement, or portions thereof, which if constructed or otherwise materialized, would be reasonably identifiable with the District. If said work product is used by the District for any purpose other than that purpose which is intended by this Agreement, the District shall indemnify Engineer from any and all claims and liabilities which may result from such re-use, in the event Engineer does not consent to such use.

The District exclusively retains all manufacturing rights to all materials or designs developed under this Agreement. To the extent the services performed under this Agreement produce or include copyrightable or patentable materials or designs, such materials or designs are work made for hire for the District as the author, creator, or inventor thereof upon creation, and the District shall have all rights therein including, without limitation, the right of reproduction, with respect to such work. Engineer hereby assigns to the District any and all rights Engineer may have including, without limitation, the copyright, with respect to such work. The Engineer acknowledges that the District is the motivating factor for, and for the purpose of copyright or patent, has the right to direct and supervise the preparation of such copyrightable or patentable materials or designs.

Article 9. Reuse of  Documents.  All  documents  including  drawings  and specifications furnished by Engineer pursuant to this Agreement are instruments of service.  They are not intended or represented to be suitable for reuse by District or others on extensions of the work for which they were provided or on any other project. Any reuse without specific written consent by Engineer will be at the District’s sole risk and without liability or legal

exposure to Engineer. All documents including drawings, plans and specifications furnished by Engineer to District are subject to reuse in accordance with Section 287.055(10), Florida Statutes. Moreover, the Engineer acknowledges and agrees that the District may use and rely upon its Engineer’s Report prepared pursuant to the Bond Issuance Services in connection with the District’s issuance of the Bonds, and consents to the District’s use of such report in accordance therewith.

Article 10. Estimate of Cost. Since Engineer has no control over the cost of labor, materials or equipment or over a contractor’s methods of determining prices, or over competitive bidding or market conditions, his opinions of probable cost provided as a service hereunder are to be made on the basis of his experience and qualifications and represent his best judgment as a design professional familiar with the construction industry, but Engineer cannot and does not guarantee that proposals, bids, or the construction costs will not vary from opinions of probable cost prepared by him. If the District wishes greater assurance as to the construction costs, it shall employ an independent cost estimator at its own expense. Services to modify approved documents to bring the construction cost within any limitation established by the District will be considered additional services and justify additional fees.

Article 11.  Insurance.  Engineer shall, at its own expense, maintain insurance during  the performance of the Bond Issuance Services under this Agreement, with limits of liability not less than the following:
Workers Compensation	Statutory General Liability
Bodily Injury	$1,000,000/$2,000,000 (including Contractual)
Property Damage	$1,000,000/$2,000,000 (including Contractual)

Automobile Liability
Bodily Injury/Property Damage	Combined Single Limits $1,000,000

Professional Liability for
Errors and Omissions	$2,000,000

If any such policy of insurance is a “claims made” policy, and not an “occurrence” policy, the Engineer shall, without interruption, maintain the aforementioned insurance for professional liability for errors and omissions for at least one (1) year after the completion or termination of this Agreement.

The District, its officers, Supervisors, members, agents, staff, and representatives shall be named as additional insured parties. Engineer shall furnish the District with the Certificate of Insurance evidencing compliance with this requirement. No certificate shall be acceptable to the District unless it provides that any change or termination within the policy periods of the insurance coverage, as certified, shall not be effective within thirty (30) days of prior written

notice to the District. Insurance coverage shall be from a reputable insurance carrier, licensed to conduct business in the state of Florida.

If Engineer fails to have secured and maintained the required insurance, the District has the right (without any obligation to do so, however), to secure such required insurance in which event, Engineer shall pay the cost for that required insurance and shall furnish, upon demand, all information that may be required in connection with the District’s obtaining the required insurance.

Article 12. Contingent Fee. The Engineer warrants that  it  has not  employed or  retained any company or person, other than a bona fide employee working solely for the Engineer, to solicit or secure this Agreement and that it has not paid or agreed to pay any person, company, corporation, individual, or firm, other than a bona fide employee working solely for the Engineer, any fee, commission, percentage, gift, or other consideration contingent upon or resulting from the award or making of this Agreement.

Article 13. Compliance with Governmental Regulations. In  performing  its obligations under this Agreement, the Engineer and each of its agents, servants, employees or anyone directly or indirectly employed by Engineer, shall comply with all applicable laws, ordinances, rules, regulations, and orders of any public or governmental authority having appropriate jurisdiction. If the Engineer fails to notify the District in writing within five (5) days of the receipt of any notice, order, required to comply notice, or a report of a violation of an alleged violation, made by any local, State or Federal governmental body or agency or subdivision thereof with respect to the services being rendered under this Agreement or any action of the Engineer or any of its agents, servants, or employees, or fails to comply with any requirement of such agency within five (5) days after receipt of any such notice, order request to comply notice, or report of a violation or an alleged violation, the District may terminate this Agreement, such termination to be effective upon the giving of notice of termination.

Article 14. Compliance with Professional Standards. In performing its obligations under this Agreement, the Engineer and each of its agents, servants, employees or anyone directly or indirectly employed by Engineer, shall maintain the standard of care, skill, diligence and professional competency for such work and/or services ordinarily used by members of the Engineer’s profession practicing under similar circumstances at the same time and in the same locality. Engineer shall be responsible for, and warrant, the technical accuracy of its services and related documents. Any designs, drawings, reports or specifications prepared or furnished by the Engineer that contain errors, conflicts or omissions will be promptly corrected by Engineer at no cost to the District.

Article 15. Audit. The Engineer agrees that the District or any of its duly authorized representatives shall have access to and the right to audit and examine any books, documents, papers, and records of the Engineer involving transactions related to the Agreement. Such access and right shall extend for the period during which Engineer is required to maintain said books, documents, papers, and records by the laws and regulations of the Internal Revenue Service. If an audit finds that any payment made to Engineer under this agreement is not based on allowable costs, the Engineer agrees that the payment is subject to reduction in conformity with the

findings of the audit. Notwithstanding any other records retention requirement, all records required for an audit performed by the District shall be maintained until the completion of the audit and the resolution of all questions arising therefrom.

Article 16. Indemnification. The Engineer shall indemnify and hold harmless the District and its officers and employees from liabilities, damages, losses, and costs, including but not limited to, reasonable attorneys’ fees, paralegal fees and expert witness fees, to the extent caused by the negligence, recklessness, or intentionally wrongful conduct of the Engineer and other persons employed or utilized by the Engineer in the performance of the Agreement. The District agrees, to the fullest extent authorized by law, to indemnify, and hold the Engineer harmless of and from any and all liabilities, claims, causes of action, demands, suits, or losses arising from the negligent acts, errors or omissions of the District’s Board of Supervisors, agents or employees, in connection with the performance of professional services under this Agreement. Engineer agrees and covenants that nothing herein shall constitute or be construed as a waiver of the District’s sovereign immunity pursuant to Section 768.28, Florida Statutes.

Article 17.  Public Records.  Engineer understands and agrees that all documents of   any kind provided to the District in connection with this Agreement may be public records, and, accordingly, Engineer agrees to comply with all applicable provisions of Florida law in handling such records, including but not limited to Section 119.0701, Florida Statutes. Engineer acknowledges that the designated public records custodian for the District is Jane Gaarlandt (“Public Records Custodian”). Among other requirements and to the extent applicable by law, the Engineer shall 1) keep and maintain public records required by the District to perform the service; 2) upon request by the Public Records Custodian, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that  public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of the contract term and following the contract term if the Engineer does not transfer the records to the Public Records Custodian of the District; and 4) upon completion of the contract, transfer to the District, at no cost, all public records in Engineer’s possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to  Florida laws.  When such public records are transferred by the Engineer, the Engineer shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats.

IF THE ENGINEER HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE ENGINEER’S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS CONTRACT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT (407) 723-5900, GAARLANDTJ@PFM.COM, OR AT 12051 CORPORATE BOULEVARD, ORLANDO, FLORIDA 32817.

Article 18.	Employment Verification.	The Engineer agrees that it shall bear the

responsibility for verifying the employment status, under the Immigration Reform and Control Act of 1986, of all persons it employs in the performance of this Agreement.

Article 19.  Controlling Law; Jurisdiction and Venue.  Engineer and the District   agree that this Agreement shall be controlled and governed by the laws of the State of Florida. Jurisdiction and venue for any proceeding with respect to this Agreement shall be in Manatee County, Florida

Article 20.  Notices.  All notices, requests, consents  and other communications under this Agreement (“Notices”) shall be in writing and shall be delivered, transmitted by electronic mail (e-mail) and mailed by First Class Mail, postage prepaid, or overnight delivery service, to the parties, as follows:

If to the District:	Lakewood Ranch Stewardship District
12051 Corporate Blvd.
Orlando, Florida 32817 Attn: District Manager

With a copy to:	Hopping Green & Sams, P.A.
119 S. Monroe Street, Suite 300 (32301) Post Office Box 6526
Tallahassee, Florida 32314 Attn: Jonathan T. Johnson

If to Engineer:	Kimley-Horn and Associates, Inc.
1777 Main Street, Suite 200
Sarasota, Florida 34236
Attn:   	

Except as otherwise provided in this Agreement, any Notice shall be deemed received only upon actual delivery at the address set forth above. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day.  If any time for giving Notice contained in this Agreement would otherwise expire on a non- business day, the Notice period shall be extended to the next succeeding business day.  Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for District and counsel for Engineer may deliver Notice on behalf of District and Engineer, respectively. Any party or other person to whom Notices are to be sent or copied may notify the other parties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days written notice to the parties and addressees set forth herein.

Article 21. Assignment. Neither the District nor the Engineer shall assign, sublet, or transfer any rights under or interest in this Agreement without the express written consent of the other. Nothing in this paragraph shall prevent the Engineer from employing such independent professional associates and consultants as Engineer deems appropriate, pursuant to the terms of this Agreement.

Article 22. Termination. The District may terminate this Agreement for cause immediately upon notice to Engineer. The District or the Engineer may terminate this Agreement without cause upon seven (7) days written notice. At such time as the Engineer receives notification of the intent of the District to terminate the contract, the Engineer shall not perform any further services unless directed to do so in writing by the District. In the event of any termination or breach of any kind, the Engineer shall not be entitled to consequential or other damages of any kind (including but not limited to lost profits), but instead the Engineer’s sole remedy will be to recover payment for services rendered to the date of the notice of termination, subject to any offsets.

Article 23.  Recovery of Costs and Fees.  In the event either party is required to   enforce this Agreement by court proceedings or otherwise, then the prevailing party shall be entitled to recover from the other party all costs incurred, including reasonable attorneys’ fees, paralegal fees, expert witness fees and costs.

Article 24.  Acceptance.   Acceptance of this Agreement is indicated by the signature   of the authorized representative of the District and the Engineer in the spaces provided below.

IN WITNESS WHEREOF, the parties hereto have caused these present to be executed the day and year first above written.

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Secretary	Rex E. Jensen, Chairman

KIMLEY-HORN AND ASSOCIATES, INC.

Witness	By:  	
Its:   	

Exhibit A: Schedule of Rates

Exhibit A

Schedule of Rates

Kimley-Horn and Associates, Inc.

Hourly Labor Rate Schedule

Classification	Rate	
Analyst	$105 - $140	
Professional	$140 - $180	
Senior Professional I	$185 - $240	
Senior Professional II	$235 - $265	
Senior Technical Support	$110 - $185	
Support Staff	$80 - $100	
Technical Support	$95 - $130	

Effective through June 30, 2021 Subject to annual adjustment thereafter

kimley-horn.com

[ENTER OFFICE ADDRESS]

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BR00PRTDS.A.000

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Financing Team Funding	Agreement between the District and Lennar Homes, LLC

FINANCING TEAM FUNDING AGREEMENT BETWEEN THE LAKEWOOD RANCH STEWARDSHIP DISTRICT
AND LENNAR HOMES, LLC

This AGREEMENT (the “Agreement”) is made and entered into this 10th day of July, 2020, by and between:

Lakewood Ranch Stewardship District, an independent special district established pursuant to Chapter 2005-338, Laws of Florida, and located in Sarasota and Manatee Counties, Florida with a mailing address of 12051 Corporate Blvd., Orlando, Florida 32817 (hereinafter “District”); and

Lennar Homes, LLC, limited liability company and owner of lands within the boundaries of the District, whose address is 700 N.W. 107th Avenue, Suite 400, Miami, Florida 33172 (hereinafter “Developer”).

Recitals

WHEREAS, the District was established pursuant to Chapter 2005-338, Laws of Florida for the purpose of long-range provision for, and management, financing, and long-term maintenance, upkeep, and operation of, services and facilities to be provided for ultimate development of the lands within the District; and

WHEREAS, the District presently expects to levy special assessments and ultimately access the public bond market to provide for the financing of certain capital improvements, facilities, and services to benefit the lands within the District; and

WHEREAS, the Developer is developing the lands within the “Lorraine Lakes” project within the District (the “Project”), which will benefit from such improvements, facilities, and services and desires to assist the District with its financing program; and

WHEREAS, the District and the Developer desire to enter into this agreement to provide funds to enable the District to commence with the levy of special assessments for its financing program.

NOW, THEREFORE, based upon good and valuable consideration and the mutual covenants of the parties, the receipt of which and sufficiency of which is hereby acknowledged, the parties agree as follows:

Provision of Funds. Developer agrees to make available to the District such monies as are necessary to proceed with the issuance of bonds or other indebtedness to fund the District’s improvements, facilities and services.

Developer agrees to provide to the District any such monies within fourteen (14) days of the receipt of an invoice from the District requesting such funds.  Such

funds, and all future funds provided pursuant to this Agreement, may be supplied by check, cash, wire transfer or other form of payment deemed satisfactory in the sole discretion of the District as determined by the District Manager. The District agrees to authorize District staff, including the District Engineer, District Manager, and District Counsel to proceed with the work contemplated by this Agreement.

Developer and the District agree that all fees, costs or other expenses incurred by the District for the services of the District’s Engineer, Counsel, Financial Advisor or other professionals, for the work contemplated by this Agreement shall be paid solely from the funds provided by Developer pursuant to this Agreement. Such payments shall be made in accordance with the District’s normal invoice and payment procedures. The District agrees that any funds provided by Developer pursuant to this Agreement shall be used solely for fees, costs, and expenses arising from or related to the work contemplated by this Agreement.

The District agrees to provide to Developer, on a monthly basis, copies of all invoices, requisitions, or other bills for which payment is to be made from the funds provided by Developer. The District agrees to provide to Developer, monthly, a statement from the District Manager showing funds on deposit prior to payment, payments made, and funds remaining on deposit with the District.

In the event that Developer fails to provide any such funds pursuant to this Agreement, Developer and the District agree the work may be halted until such time as sufficient funds are provided by Developer to ensure payment of the costs, fees or expenses which may be incurred in the performance of such work.

The District agrees that Developer shall be repaid all monies advanced pursuant to this Agreement at such time as the District issues long term bonds for the improvements related to work contemplated by this Agreement. Such repayment is conditioned upon the determination of Bond Counsel that these monies may be properly included within a tax exempt bond financing.

Termination. Developer and District agree that Developer may terminate this Agreement without cause by providing ten (10) days written notice of termination to the District. Any such termination by Developer is contingent upon Developer provision of sufficient funds to cover any and all fees, costs or expenses incurred by the District in connection with the work to be performed under this Agreement as of the date by when notice of termination is received. Developer and the District agree that the District may terminate this Agreement due to a failure of Developer to provide funds in accordance with Section 1 of this Agreement, by providing ten
(10) days written notice of termination to Developer; provided, however, that the Developer shall be provided a reasonable opportunity to cure any such failure.

Default. A default by either party under this Agreement shall entitle the other to all remedies available at law or in equity, which may include, but not be limited to, the right of damages, injunctive relief and/or specific performance.

Enforcement of Agreement. In the event that either party is required to enforce this Agreement by court proceedings or otherwise, then the prevailing party shall be entitled to recover all fees and costs incurred, including reasonable attorney’s fees, paralegal fees, and expert witness fees and costs for trial, alternative dispute resolution, or appellate proceedings.

Agreement. This instrument shall constitute the final and complete expression of this Agreement between the parties relating to the subject matter of this Agreement.

Amendments. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both of the parties hereto.

Authorization. The execution of this Agreement has been duly authorized by the appropriate body or official of all parties hereto, each party has complied with all the requirements of law, and each party has full power and authority to comply with the terms and provisions of this instrument.

Notices. All notices, requests, consents and other communications hereunder (“Notices”) shall be in writing and shall be delivered, mailed by First Class Mail, postage prepaid, or overnight delivery service, to the parties, as follows:

If to Developer:	Lennar Homes, LLC
700 N.W. 107th Avenue, Suite 400
Miami, Florida 33172
Attn:  	

If to District:	Lakewood Ranch Stewardship District
12051 Corporate Boulevard
Orlando, Florida 32817 Attn: District Manager

With a copy to:	Hopping Green & Sams, P.A.
119 S. Monroe Street, Suite 300 (32301 Post Office Box 6526
Tallahassee, Florida 32314 Attn: Jonathan T. Johnson

Except as otherwise provided herein, any Notice shall be deemed received only upon actual delivery at the address set forth herein. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving Notice contained in this Agreement would otherwise expire on a non-business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the parties may deliver Notice on behalf of the parties. Any party or other person to whom Notices are to be sent or copied may notify the other parties and

addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days written notice to the parties and addressees set forth herein.

Third Party Beneficiaries. 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 party not a formal party hereto. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the parties 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.

Assignment. Neither party may assign this Agreement or any monies to become due hereunder without the prior written approval of the other party.

Controlling Law. This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida. Venue shall  be in Manatee or Sarasota County, Florida.

Effective Date. The Agreement shall be effective after execution by both parties hereto and shall remain in effect unless terminated by either of the parties hereto.

Public Records. Developer understands and agrees that all documents of any kind provided to the District or to District Staff in connection with the work contemplated under this Agreement are public records and are treated as such in accordance with Florida law.

Capitalization. The parties agree that all funds provided by Developer pursuant to this Agreement may be reimbursable from proceeds of District financing for capital improvements relative to the Project, and that within forty-five (45) days of receipt of the proceeds by the District of bonds or notes for the Project, the District shall reimburse Developer in full, exclusive of interest, for these advances; provided, however, that bond counsel determines that such monies are properly compensable from the proceeds of tax-exempt financing. In the event that District bonds are not issued within two (2) years of the date of this agreement, all funds provided by Developer pursuant to this Agreement deemed by bond counsel to be properly compensable from the proceeds of tax-exempt financing shall be deemed paid in lieu of taxes or assessments.

[CONTINUED ON NEXT PAGE]

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

Attest:	LAKEWOOD RANCH
STEWARDSHIP DISTRICT

Secretary	Rex E. Jensen, Chairman

WITNESSES:	LENNAR HOMES, LLC, a Florida limited liability company

By:		 Name: 		

By:		 Name: 		

By:	 Name:	 Title:  	

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Other Matters (provided under separate cover)

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Agreement for Landscape and Irrigation Maintenance Services,
Cepra Landscape, LLC

Boumeside Boulevard N.

AGREEMENT FOR LANDSCAPE AND IRRIGATION MAINTENANCE SERVICES BETWEEN LAKEWOOD RANCH STEWARDSHIP DISTRICT AND
 	Cepra Landscape, LLC.	
THIS AGREEMENT (the "Agreement")is made and entered into this 1st day of July 2020, by and between:

Lakewood Ranch Stewardship District, a local unit of  special-purpose government located in Sarasota and Manatee Counties, Florida, and whose mailing address is 12051 Corporate Boulevard, Orlando, Florida 32817 (the "District"); and

Cepra Landscape, LLC.
3598 SW 74th Ave Ocala, FL 34474

RECITALS

WHEREAS, the District was established pursuant to Chapter 2005-338, Laws of Florida, as amended, for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure improvements, including but not limited to, landscaping and irrigation improvements; and

WHEREAS, the District desires to retain an independent contractor to provide landscape and irrigation maintenance services to "Bourneside BLVD North" within an area of District known as the ''Northeast Sector", the scope of which is as more particularly described in the attached Exhibit A, which is incorporated herein by this reference (the "Services"); and

WHEREAS, Contractor represents that it is qualified, willing and able to  provide landscape and irrigation maintenance services and desires to provide such services to  the District; and

WHEREAS, the District and Contractor warrant and agree that they have all right, power and authority to enter into and be bound by this Agreement.

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

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

SECTION 2.	DESCRIPTION OF WORK AND SERVICES.

The duties, obligations, and responsibilities of the Contractor are to provide the services, labor and materials necessary for the provision of landscape and irrigation maintenance services within the District as described herein and in Exhibit A. Such lands on which Services shall be provided are as more particularly described and

shown on Composite Exhibit B, attached hereto and incorporated herein by reference.

This Agreement grants to Contractor the right to enter the lands that are subject to this Agreement, for those purposes described in this Agreement, and Contractor hereby agrees to comply with all applicable laws, rules, ordinances and regulations affecting the provision of the Services.

Contractor shall be solely responsible for the means, manner and methods by which its duties, obligations and responsibilities are met to the satisfaction of the District and in accordance with this Agreement. Contractor shall use industry best practices and procedures when carrying out the Services.

Pesticide applications shall be made by an individual licensed to perform pest control services in accordance with Chapter 487.011, Florida Statutes. Contractor shall provide proof of such licensure and certification to the District prior to commencement of the Services.

The Contractor shall report directly to the District's Maintenance Manager who shall be Garrett Hardy. Contractor acknowledges and agrees that the District has the right to request that Contractor's employees and/or subcontractors who do not behave in a professional manner, in the District's sole determination, be removed from the Contractor's landscape maintenance team(s) providing the Services to the District.

Contractor shall use all due care to protect the property of the District, its residents and landowners from damage and shall follow and be responsible for the Services set forth in Exhibit A on the property as provided in Composite Exhibit B. Contractor agrees to repair any damage resulting from Contractor's activities and work within twenty-four (24) hours. This includes, but is not limited to, damage caused by Contractor to irrigation heads and lines, landscape, grasses or any other District or landowner properties or improvements.

In the event that the District notifies the Contractor that any of the Services performed by the Contractor pursuant to this Agreement are deemed to be inconsistent with the scope of services set forth in Exhibit A, Contractor shall have two (2) business days to correct minor deficiencies, and up to fifteen (15) business days, or another mutually agreed upon timeframe, to correct non-minor deficiencies. As it would be difficult to ascertain the exact amount of damages incurred by the District as a result of the Contractor's failure to perform in accordance with the terms of the Agreement, in the event that the Contractor fails to timely remedy the deficiency(ies) as set forth herein, the District is entitled to reduce the current monthly payment to the Contractor by fifteen (15%) percent per day, as liquidated damages for non-performance (but not as a penalty), until such deficiencies are remedied.

In the event that time is lost due to heavy rains ("Rain Days"), the Contractor agrees to reschedule its employees and divide their time accordingly to complete all

scheduled services during the time during the same week as any Rain Days. The Contractor shall provide services on Saturdays if needed to make up Rain Days, but shall not provide services on Sundays.

SECTION 3.	COMPENSATION; TERM.

As compensation for the completion of the Services, the District agrees to pay the Contractor One Htmdred Twenty Six Thousand Sixty Five Dollars and Zero Cents ($165.065.00) per year, which amount includes all tools, labor and materials necessary to complete the Services. The term of this Agreement shall be from July

,

Pt, 2020 through June 30th

2021 unless terminated earlier in accordance with the

terms of this Agreement or renewed for optional one (1) year renewals at the option of the parties hereto at the same price and terms as provided for herein.

If the District should desire additional work or services not provided in Exhibit A, or to add additional lands to be maintained not contained in Composite Exhibit B, the Contractor agrees to negotiate in good faith to undertake such additional work or services. Upon successful negotiations, the parties shall agree in writing to a work order, addendum, addenda, or change order to this Agreement as set forth in Section 4.

The District may require, as a condition precedent to making any payment to the Contractor that all subcontractors, material men, suppliers or laborers be paid and require evidence, in the form of Lien Releases or partial Waivers of Lien, to be submitted to the District by those subcontractors, material men, suppliers or laborers, and further require that the Contractor provide an Affidavit relating to the payment of said indebtedness. Further, the District shall have the right to require, as a condition precedent to making any payment, evidence from the Contractor, in a form satisfactory to the District, that any indebtedness of the Contractor, as to services to the District, has been paid and that the Contractor has met all of the obligations with regard to the withholding and payment of taxes, Social Security payments, Workmen's Compensation, Unemployment Compensation contributions, and similar payroll deductions from the wages of employees.

The Contractor shall maintain records conforming to usual accounting practices. Further, the Contractor agrees to render an invoice to the District, in writing, which shall be delivered or mailed to the District by the fifth (5th) day of the next succeeding month. This invoice is due and payable within forty-five (45) days of receipt by the District, or in accordance with Florida's Prompt Payment Act, whichever is sooner. The invoice shall include such supporting information as the District may reasonably require the Contractor to provide.

SECTION 4. CHANGE ORDERS. Contractor understands that the Services may be reduced, expanded or otherwise modified in scope. If any additional Services are proposed beyond those identified in this Agreement, Contractor shall perform them but only after receiving a written change order from the District. Contractor shall cooperate with and assist the District in

preparing and determining the scope of any change order. In the event the modification in services reflects a change to the scope of work as contained in Composite Exhibit B, Contractor's compensation shall be adjusted for the added or deducted scope proposed by the change order in accordance with the unit prices established in the Agreement as set forth in Exhibit C. In the event the service is not represented by a lump sum  or  unit price set forth in  this Agreement, Contractor's compensation shall be adjusted for the added or deducted services proposed by the change order as reasonably determined by the District in conference with the Contractor. All change orders shall be in the form attached hereto as Exhibit D.

SECTION 5.  WARRANTY  AND COVENANT.  The Contractor  warrants  to the District that all materials furnished under this Agreement shall be new, and that all services and materials shall be of good quality, free from faults and defects. The Contractor hereby warrants any materials and Services for a period of one (1) year after acceptance by the District or longer as required under Florida law. With respect to any and all plant material provided pursuant to Section 2, all plant material shall be guaranteed to be in a satisfactory growing condition and to live for a period of one (1) year from planting except for annuals, which will be replaced seasonally. All plants that fail to survive under the guarantee shall be replaced as they fail with the same type and size as originally specified. Contractor further warrants to the District those warranties which Contractor otherwise warrants to others and the duration of such warranties is as provided by Florida law unless longer guarantees or warranties are provided for elsewhere in the Agreement (in which case the longer periods of time shall prevail). Contractor shall replace or repair warranted items to the District's satisfaction and in the District's discretion.  Neither final acceptance of the Services, nor monthly or final payment therefore, nor any provision of the Agreement shall relieve Contractor of responsibility for defective or deficient materials or Services. If any of the Services or materials are found to be defective, deficient or not in accordance with the Agreement, Contractor shall correct remove and replace it promptly after receipt of a written notice from the District and correct and pay for any other damage resulting there from to District property or the property of landowners within the District. Contractor hereby certifies it is receiving the property in its as-is condition and has thoroughly inspected the property and addressed any present deficiencies, if any, with the District. Contractor shall be responsible for maintaining and warranting all plant material maintained by Contractor as of the first date of Services.

Contractor hereby covenants to the District that it shall perform the Services: (i) using its best skill and judgment and in accordance with generally accepted professional standards and (ii) in compliance with all applicable federal, state, county, municipal, building and zoning, land use, environmental, public safety, non-discrimination and disability accessibility laws, codes, ordinances, rules and regulations, including, without limitation, all professional registration (both corporate and individual) for all required basic disciplines that it shall perform. Contractor hereby covenants to the District that any work product of the Contractor shall not call for the use nor infringe any patent, trademark, services mark, copyright or other proprietary interest claimed or held by any person or business entity absent prior written consent from the District.

SECTION  6  INSURANCE.   Contractor shall, at its own  expense,  maintain  insurance during the performance of its Services under this Agreemen,t with limits of liability not less than the following:

Workers Compensation

General Liability
Bodily lnjwy (including contractual) Property Damage (including contractual)

Automobile Liability (if applicable)
Bodily Injury and Property Damage

statutory

$1,000,000/$2,000,000
$1,000,000/$2,000,000

$1,000,000

Contractor shall provide the District with a certificate naming the District, its officers, agents and employees as an additional insured prior to the commencement of the Services. At no time shall Contractor be without insurance in the above amounts. No policy may be canceled during the term of this Agreement without at least thirty (30) days written notice to the District. An insurance certificate evidencing compliance with this section shall be sent to the District prior to the commencement of any performance under this Agreement.

SECTION 7. INDEPENDENT CONTRACTOR. It is understood and agreed that at all times the relationship of Contractor and its employees, agents, subcontractors or anyone directly or indirectly employed by Contractor to the District is the relationship of an independent contractor and not that of an employee, agent, joint venturer or partner of the District. Nothing in this Agreement shall be interpreted or construed as creating or establishing the relationship of employer and employee between the District and Contractor or any of its employees, agents, subcontractors or anyone directly or indirectly employed by Contractor. The parties acknowledge that Contractor is not an employee for state or federal tax purposes. Contractor shall hire and pay all of Contractor's employees, agents, subcontractors or anyone directly or indirectly employed by Contractor, all of whom shall be employees of Contractor and not employees of District and at all times entirely under Contractor's supervision, direction and control.

In particular, District will not: i) Withhold FICA (Social Security) from Contractor's payments; ii) Make state or federal unemployment insurance contributions on Contractor's behalf; iii) Withhold state or federal income tax from payment to Contractor; iv) Make disability insurance contributions on behalf of Contractor; or v) Obtain workers' compensation insurance on behalf of Contractor. Moreover, Contractor shall provide the District with a completed IRS W-9 form prior to the commencement of the Services.

SECTION   8.	COMPLIANCE   WITH   LAWS,   ORDINANCES AND  REGULATIONS.	In
performing its obligations under this Agreement, Contractor and each of its employees, agents, subcontractors or anyone directly or indirectly employed by Contractor shall comply with all applicable laws, ordinances, rules, regulations, and orders of any public or governmental authority having appropriate jurisdiction, including all laws, regulations and rules relating to immigration and/or the status of foreign workers. Contractor shall initiate, maintain, and supervise all safety precautions and programs in connection with its obligations herein. Contractor shall ensure that all of Contractor's employees, agents, subcontractors or anyone directly or indirectly employed by Contractor observe Contractor's rules and regulations of safety and conduct. Contractor shall take all reasonable precautions for the safety of and shall provide all reasonable protection to prevent damage, injury or loss to all of its employees, agents and subcontractors performing its obligations herein and other persons who may be affected, and

any material, equipment and other property. Contractor shall remedy all damage or loss to any property caused in whole or in part by Contractor, its employees, agents, subcontractors or anyone directly or indirectly employed by Contractor, or by anyone for whose acts Contractor may be liable. Contractor shall indemnify District for all damage or losses it may incur or be exposed to because of Contractor or any of its employees, agents, subcontractors or anyone directly or indirectly employed by Contractor's failure to comply with the provisions contained herein.

SECTION 9.	D EFAULT AND PROTECTION AGAINST THIRD PARTY INTERFERENCE. A
default by either party under this Agreement shall entitle the other to all remedies available at law or in equity, which may include, but not be limited to, the right of actual damages and/or specific performance. The District shall be solely responsible for enforcing its rights under this Agreement against any interfering third party. Nothing contained in this Agreement shall limit or impair the District's right to protect its rights from interference by a third party to this Agreement.

SECTION 10. ENFORCEMENT OF AGREEMENT. In the event that either party is required to enforce this Agreement by court proceedings or otherwise, then the parties agree that the prevailing party shall be entitled to recover from the other all fees and costs incurred, including reasonable attorney's fees and costs for trial, alternative dispute resolution, or appellate proceedings.

SECTION 11. AMENDMENTS.  Amendments  to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both the District and the Contractor.

SECTION 12. AUTHORIZATION. The execution of this Agreement has been duly authorized by the appropriate body or official of the District and the Contractor, both the District and the Contractor have complied with all the requirements of law, and both the District and the Contractor have full power and authority to comply with the terms and provisions of this instrument.

SECTION 13. NOTICES. All notices, requests, consents and other communications under this Agreement (''Notices") shall be in writing and shall be delivered, mailed by First Class Mail, postage prepaid, or overnight delivery service, to the parties, as follows:

If to Contractor:

If to District:

With a copy to:

Cepra Landscape, LLC. 3598 SW 74th Ave Ocala, FL 34474

Lakewood Ranch Stewardship District 12051 Corporate Boulevard
Orlando, Florida 32817 Attn: District Manager

Hopping Green & Sams, P.A.

119 South Monroe Street, Suite 300 Post Office Box 6526
Tallahassee, Florida 32314 Attn: Jonathan T. Johnson

With a copy to:

Lakewood Ranch Stewardship District Operations 14400 Covenant Way
Lakewood Ranch, FL 34202 Attn: Operations Manager

Except as otherwise provided in this Agreement, any Notice shall be deemed received only upon actual delivery at the address set forth above. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving Notice contained in this Agreement would otherwise expire on a non­ business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the District and counsel for the Contractor may deliver Notice on behalf of the District and the Contractor. Any party or other person to whom Notices are to be sent or copied may notify the other parties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days written notice to the parties and addressees set forth herein.

SECTION 14. ARM'S LENGTH TRANSACTION. This Agreement has been negotiated fully between the District and the Contractor as an arm's length transaction. Both parties participated fully in the preparation of this Agreement and received the advice of counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, both parties are deemed to have drafted, chosen, and selected the language, and the doubtful language will not be interpreted or construed against either the District or the Contractor.

SECTION 15. THIRD PARTY BENEFICIARIES. This Agreement is solely for the benefit of the District and the Contractor and no right or cause of action shall accrue upon or by reason, to or for the benefit of any third party not a formal party to this Agreement. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the District and the Contractor any right, remedy, or claim under or by reason of this Agreement or any of the provisions or conditions of this Agreement; and all of the provisions, representations, covenants, and conditions contained in this Agreement shall inure to the sole benefit of and shall be binding upon the District and the Contractor and their respective representatives, successors, and assigns.

SECTION 16. AssIGNMENT. Neither the District nor the Contractor may assign this Agreement or any monies to become due hereunder without the prior written approval of the other.

SECTION 17. APPLICABLE LA w AND VENUE. This Agreement and the prov1s10ns contained herein shall be construed, interpreted and controlled according to the laws of the State

of Florida. Each party consents that the venue for any litigation arising out of or related to this Agreement shall be in Manatee County, Florida.

SECTION 18.	INDEMNIFICATION.

Contractor, its employees, agents and subcontractors shall defend, hold harmless and indemnify the District and its supervisors, officers, staff, employees, representatives and agents against any claims, damages, liabilities, losses and costs, including, but not limited to, reasonable attorneys' fees, to the extent caused by the acts or omissions of Contractor, and other persons employed or utilized by Contractor in the performance of this Agreement or the Services performed hereunder up to the amount of One Million Dollars ($1,000,000.00). By executing this Agreement, Contractor agrees such indemnification amount bears a reasonable commercial relationship to the Agreement.

Obligations under this section shall include the payment of all settlements, judgments, damages, liquidated damages, penalties, forfeitures, back pay awards, court costs, arbitration and/or mediation costs, litigation expenses, attorney fees, paralegal fees and expert witness fees (incurred in court, out of court, on appeal, or in bankruptcy proceedings) as ordered.

SECTION 19.   LIMITATIONS	ON	GOVERNMENTAL	LIABILITY.	Nothing	in	this
Agreement shall be deemed as a waiver of immunity or limits of liability of the District beyond any statutory limited waiver of immunity or limits of liability which may have been adopted by the Florida Legislature in Section 768.28, Florida Statutes, or other statute, and nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing any claim which would otherwise be barred under the Doctrine of Sovereign Immunity or by operation of law.

SECTION 20. TERMINATION. The District agrees that the Contractor may terminate this Agreement for cause by providing thirty (30) days written notice of termination to the District; provided, however, that the District shall be provided a reasonable opportunity to cure any failure under this Agreement. The Contractor agrees that the District may terminate this Agreement immediately for cause by providing written notice of termination to the Contractor. The District shall provide thirty (30) days written notice of termination without cause. Upon any termination of this Agreement, the Contractor shall be entitled to payment for all Services rendered up until the effective termination of this Agreement, subject to whatever claims or off sets the District may have against the Contractor as the sole means of recovery for termination.

SECTION 21. OWNERSHIP OF DOCUMENTS. All rights in and title to all plans, drawings, specifications, ideas, concepts, designs, sketches, models, programs, software, creation, inventions, reports, or other tangible work product originally developed  by Contractor pursuant to this Agreement shall be and remain the sole and exclusive property of the District when developed and shall be considered work for hire.

SECTION 22.  PUBLIC RECORDS.   Contractor understands  and agrees that all documents of any kind provided to the District in connection with this Agreement may be public records, and, accordingly, Contractor agrees to comply with all applicable provisions of Florida law in handling such records, including but not limited to Section 119.0701, Florida Statutes. Contractor acknowledges that the designated public records custodian for the District is Jane Gaarlandt ("Public Records Custodian"). Among other requirements and to the extent applicable by law, the Contractor shall 1) keep and maintain public records required by the District to perform the service; 2) upon request by the Public Records Custodian, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of the contract term and following the contract term if the Contractor does not transfer the records to the Public Records Custodian of the District; and 4) upon completion of the contract, transfer to the  District,  at  no cost,  all   public  records  in  Contractor's  possession  or,  alternatively,  keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws. When such public records are transferred by the Contractor, the Contractor shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats.

IF THE CONTRACTOR HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE CONTRACTOR'S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS CONTRACT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT (407) 382-3256, JANEG@FISHKIND.COM, OR AT 12051 CORPORATE BOULEVARD, ORLANDO, FLORIDA 32817.

SECTION 23. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Agreement shall not affect the validity or enforceability of the remaining portions of this Agreement, or any part of this Agreement not held to be invalid or unenforceable.

SECTION 24. HEADINGS FOR CONVENIENCE ONLY. The descriptive headings in this Agreement are for convenience only and shall not control nor affect the meaning or construction of any of the provisions of this Agreement.

SECTION 25. ENTIRE AGREEMENT. This instrument shall constitute the final  and complete expression of the agreement between the parties relating to the subject matter of this Agreement.

[Signatures on Next Page]

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first written above.

Attest:	Lakewood Ranch Stewardship District

Secretary	ChairmanNice Chairman, Board of Supervisors

Witness:	 	Cepra Landscape, LLC.	

By: 	

Signature of Witness

-=- - - - - - - - - - - - - -

Print Name: Title:

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Exhibit A: Composite Exhibit B: Exhibit C:
Exhibit D:

Description of Services
Landscape Maintenance Scope Maps Form of Bid
Form of Change Order

EXHIBIT A

Description of Services

Lakewood Ranch Stewardship District		Landscape & Irrigation Maintenance Agreement EXHIBIT A
Maintenance Specifications

Turf Maintenance

Mechanical: St. Augustine and Zoysia turfgrass shall be mowed weekly during the months of April through October and bi-weekly during the months of November through March; a minimum of 40 times per year. Bahia turfgrass shall be mowed according to seasonal needs and at frequencies necessary to sustain vigor and other desired conditions; a minimum of 25 times per year. All turf shall be maintained with rotary mower. Mower blades shall be sharp at all times  to  provide  a quality cut. Mowing heights shall be 4" for Ba hia, 3-3.5" for St . Augustine and 2-2.5" for Zoysia. Mulched areas and bodies of water must not be contaminated  with turf  clippings. If  this  occurs, the clippings must be removed.

All edging shall be accomplished using a meta l blade edger. Sidewalks, curbs, pavement and other hard surfaces bordered by turf shall be edged at each mowing event. Landscaped beds and tree rings shall be edged at frequencies necessary to preserve a clean, defined appearance and to maintain shape and size.

Line trimmers shall be used at each mowing event to preserve a uniform turf appearance around fences, irrigation valve boxes and any other area not accessible to mowers. Turf around sprinkler heads will be mechanically removed so as to not interfere with or intercept water output.

All areas shall be kept free of debris and litt er at all times.

Fertilization: Turf shall be fertilized at intervals necessary to promote and sustain desired conditions. Complete fertilizers shall be  granular in c omp osition  and	contain 30% to 50% or more of the nitrogen in a slow or controlled-release form. While nitrogen fertilization is based on the desired growth rate and type of turf grass being grown, the phosphorus fertilization rate  should be  based on the analysis of a turf soil sample and the recommendations obtained from it. The fertilizer shall also contain magnesium and micro-nutrients (i.e. manga nese ,  iron, zinc, copper, etc.)  Iron shall be in the sulfate, sucrate or chelated form. Fertilizer will be blown or swept off of sidewalks and other paved surfaces. Specific fertilizer formulation sha ll vary depending on type of turfgrass and based  on   soil  analysis   provided by  Contractor.	Fertilizer applications sha ll comply with all applicable laws and regula tion s, inc lud ing local ordinances imposing seasonal restric tio ns.

Pest Control: Turf shall be inspected at each visit for indications of problems and methods of Integrated Pest Management (1PM) shall be utilized to prevent or mitigate  damage  caused  by insec ts and disease.

Pesticide applications will be  made by  in accordance  with the  laws and  regulations  governing use of pesticides in Florid a.

Accent Trees, Palms, Shrubs, Ground Covers Maintenance

Mechan ical /Manual : ALL PRUNING TOOLS MUST BE CLEANED PRIOR TO USE ON STEWARDSHIP DISTRICT PROPERTIES.  Shrubs and  ornamental trees will be  pruned as specified by Distric t and   to provide the desired shap e , fullness and blooms. Pruning sha ll include removal of dead or diseased shrubs and ground covers. Pruning of palms under 12' in height C.T. will be done as necessary to remove brown fronds, seed heads and hanging boots and  any  time  they  appear  to  maintain  the palms looking their best. No pruning will be done during or imme diately following growth flushes, branches will be pruned just  outside  the  branch  collar.  Sucker  growth  will  be  removed  by  hand from  the  base of  trees.  No herbicides  will be  used for this purpose.  Pruning  of  canopy  trees  shall be undertaken as necessary to mainta in a minimum of 8' clearance of the canopy as measured

Lakewood Ranch Stewardship District		Landscape & Irrigation Maintenance Agreement EXHIBIT A
from the ground. Contractor will remove and dispose of all biomass generated by pruning activities.

Fertilization: Shrubs, trees and ground covers shall be fertilized three times per year. Two of the annual applications are normally scheduled around February and October. A third application can be made during the summer. Rate will be 1 pound of nitrogen per 1,000 square feet per application.

Mature palms in the landscape shall be fertilized four times per year at the rate of 5 to 8 lbs. each application. Palm s under 8 feet tall will receive 2-5 lbs. per app lic ation four times per year.

Fe rtiliz ers should c onta in equal amounts of nitrogen and potassium and 30% or more of b oth elements should be available in slow -rele ase from. The fertilizer should also contain magnesium
and a complete micronutrient amendment. The fertilizer analysis shall be sim ilar to 8-2-8, 15-5-15, 14-3-14, 12-2-14, etc.

Established shrubs and trees in turf areas exposed to turf fertilizations will be fertilized on an as­ needed basis to ensure plants maintain a healthy look. Fertilizer ap plied to shrubs and trees planted in beds sha ll be broadcasted over the entire plant bed. Nutrient defic iencies sha ll be treated with supp lem enta l ap p lic a tions of t he specific lacking nutrient according to Universit y of Flor id a Cooperative Extension rec omm enda tions.

The specifications above sha ll be modified as necessary to comply with applicable laws a n d regulations.

Pest  and Weed Control:	Contractor sha ll practice Integra ted Pest M ana g emen t (1PM) in compliance with applicable laws and regulations to control insects, diseases and weeds on and around perennials, ground covers, shrubs, vines and trees. This w ill include frequent  monitoring and sp o t treatment as necessary using the lea st toxic methods. All applications will be performed when temperatures are below 90 deg rees F and w he n wi n d drift is negligible. First choice will be insecticidal soap s, horticultural oils a nd bio log ica l controls suc h as Bacillus thuringiens is (Br). Weeds in beds or mulched areas will usually be remo ved mechanically or be hand. Herbic id es w ill be employed for heavy weed infesta tions .

Ill.	Annuals Maintenance

A. Annual Flo wers: Replacement of existin g annua ls wi ll be done 4 times per year at a per-plant cost not included within the Agreement price. Renovation of  annual beds with soi l  amendments  shall be ac c omp lished once per year in early March at no additional cost.

Replacement of dead or injured plants due to pests or Contractor negligence will be done without cost to District . Annuals and p erennial bedding plants shall be fertilized at installa tion w ith  tim e­ re le ase fertilizer. Supplemental fertilization with liquid 20-20-20 or comparable shall also be applied as necessary to promote color and vigor. Ha nd-pu lled weed control  will  be  performed  during every maintenance service to  ensure all areas are maintained  weed -free.  No herbici des are  t o be used on or near the annual beds.

Edging and trimming along the beds will be done to maintain the original straigh t line or smoo th curve.

Lakewood Ranch Stewardship District		Landscape & Irrigation Maintenance Agreement EXHIBIT A
Irrigation Systems Maintenance

Irrigation Systems: Contractor shall inspect and test all components of the irrigation system for functionality on a routine monthly schedule. The monthly test shall include:

Verifying functionality of decoders and solenoid valves from the controller
Ensuring proper coverage of rotor and spray heads and maxi-jet emitters to maximize effectiveness and minimize over spray upon roads, sidewalks, etc.
Replacement of clogged emitters and spray noules
Identifying breaks or leaks in lateral lines
Clearing turfgrass, etc. from valve and control boxes
Identifying broken, non-functioning or missing ro tors , spray heads and maxi jets
Verify functionality of rain sensors, soil moisture sensors and other automatic shut-off devices

Contractor shall take appropriate action as necessary to maintain the irriga tion systems in accordance with the ab ove; compensable at a time and materials basis. Repairs due to damage caused by Contract or' s ma intenanc e activities will be made by Contractor at no expense to District.

Contractor shall be responsible for controller programming including seasonal adjustments, specific need adjustments, accommodating new plant material and otherwise as necessary to ensure adequate irrig a tion is applied.

Central Control: Contractor must c ommunic ate all changes made to controller progra mming, for approval & to prevent them from being deleted by periodic sync h roniza tion.

Optional Services

Thatch Control: Thatch removal is not included the basic contract charges. Removal of thatch (a spongy build-up of dead and living grass shoots, stems and roots) should be considered when thatch thickness exceeds one inc h. The best time for thatch removal is March through August when the turf is rapidly growing. Verti-cutting, using a vertical mover is the recommended method of mechanically removing thatch from Zoysia lawns. Blade spacing sha ll be 1-2" for Zoysia grass.

Mulching: Re-mulching of planting beds sha ll be by the reque st of District and  charged separately.

Palm and Canopy Tree Pruning: Pruning of p alm trees in excess of 12' C.T. shall be by the reques t of the District and charged separately.  Structural pruning of canopy trees shall be  by  the request of District and be performed by an ISA Certified Arborist.

Other Se rvic es: Other compensable services outside of the Agreement Scope including, but not limited to:
Major clean-up due to st orms, vandalism or otherwise
Hand watering
Fire Ant c ontro l

COMPOSITE EXHIBIT B

Landscape Maintenance Scope Maps

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EXHIBITC

Unit Pricing Scope Sheet

Lakewood Ranch Stewardship District Landscape Maintenance Scope Sheet NE Sector; Bourneside SR. 70 to SR. 64

Section I: Contract Scope	
	Unit$	Per Month$	Per Year$	
Premium Turf	220,837	SF	$	0.19	$	3,496.59	$	41,959	
Dn-Premium Turf (mechanical only)	886,927	SF	$	0.07	$	5,173.74	$	62,085	
Beds/Shrubs/Ground Covers:	26,485	SF	$	0.25	$	551.77	$	6,621	
Irrigation Zones:	50	LS	$	135.00	$	562.50	$	6,750	
Canopy Trees; 8' Clearance:	74	LS	$	50.00	$	308.33	$	3,700	
Accent Trees:	99	LS	$	50.00	$	412.50	$	4,950	
	Total Contract:	$ 10,505.43	$	126,065	

Section II: Non-Contract Scope	Unit$	Extension	
Canopy Trees; Structural Pruning:	74	LS	$	150.00	$	11,100	
Palm Tree Pruning:	23	LS	$	38.00	$	874	
Annuals:	0	LS	$	2.00	$	-	
Re-Mulch (at 1" depth):	88	CY	$	51.00	$	4,488	
Irrigation Repair:	PER HOUR		$	55	

EXHIBITD

Form of Change Order

Project:

CHANGE ORDER

No.:

_

Date ofl ssuance:---------	Effective Date:-------
Owner:		 Owner's Contract No.: 	
Contractor:----------------- --- Engineer: 	_
You are requested to make the following changes in the Contract Documents. Description: Increase in contract scope
Reason for Change Order: Additional landscape maintenance services required. Attachments: Exhibit A contract scope

Change in Contract Price
Original Contract Price
$   	

Net changes from previous Change Orders No._ To No._
$_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Contract Price prior to this Change Order
$   	

Net Increase (decrease)of this Change Order

Change in Contract Times
Original Contract Times
Substantial Completion: 		_ Ready for Final Payment: 	_
daysor dates

Net changes from previous Change Orders No._ To No._

days

Contract Times prior to this Change Order
Substantial Completion: 		_ Ready for Final Payment: 	_
days or dates

Net Increase (decrease) of this Change Order

$         _	  

_ _ _ _ _ _ _ _ _ _ _ _ _ _

days

 	

Contract Price with all approved Change Orders

$_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Contract Times with all approved Change Orders

Substantial Completion: 	_ Ready for Final Payment:_ _ _ _ _ _ _ _ _ _ _
days or dates

Recommended:
By: _ _ _ _ _ _ _ _ _ _
Maintenance Manager or  Operations Director

Date:_  _  _  _   _  _  _   _  _  _   _

Approved:
By:_ _ _ _ _ _ _ _ _ _
Stewardship District Board of Supervisors

Dat:e _ _ _ _ _ _ _ _ _ _ _

Accepted:
By :    	_
Contractor

Date: 	_

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Agreement for Landscape and Irrigation Maintenance Services,
Altec Lakes and Natural Areas Inc.

Roger Hill Park

AGREEMENT FOR LANDSCAPE AND IRRIGATION MAINTENANCE SERVICES BETWEEN LAKEWOOD RANCH STEWARDSHIP DISTRICT AND
 	Altec Lakes and Natural Areas Inc.	 THIS AGREEMENT (the “Agreement”) is made and entered into this 1st day of July 2020 by and between:

Lakewood Ranch Stewardship District, a local unit of special-purpose government located in Sarasota and Manatee Counties, Florida, and whose mailing address is 12051 Corporate Boulevard, Orlando, Florida 32817 (the “District”); and

Altec Lakes and Natural Areas Inc.
13194 US HWY 301 S #310 Riverview, FL 33578

RECITALS

WHEREAS, the District was established pursuant to Chapter 2005-338, Laws of Florida, as amended, for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure improvements, including but not limited to, landscaping and irrigation improvements; and

WHEREAS, the District desires to retain an independent contractor to provide landscape and irrigation maintenance services to “Roger Hill Park” within an area of District known as the “Northwest Sector”, the scope of which is as more particularly described in the attached Exhibit A, which is incorporated herein by this reference (the “Services”); and

WHEREAS, Contractor represents that it is qualified, willing and able to provide  landscape and irrigation maintenance services and desires to provide such services to the District; and

WHEREAS, the District and Contractor warrant and agree that they have all right, power and authority to enter into and be bound by this Agreement.

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

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

SECTION 2.	DESCRIPTION OF WORK AND SERVICES.

The duties, obligations, and responsibilities of the Contractor are to provide the services, labor and materials necessary for the provision of landscape and irrigation maintenance services within the District as described herein and in Exhibit A. Such lands on which Services shall be provided are as more particularly described and

shown on Composite Exhibit B, attached hereto and incorporated herein by reference.

This Agreement grants to Contractor the right to enter the lands that are subject to this Agreement, for those purposes described in this Agreement, and Contractor hereby agrees to comply with all applicable laws, rules, ordinances and regulations affecting the provision of the Services.

Contractor shall be solely responsible for the means, manner and methods by which its duties, obligations and responsibilities are met to the satisfaction of the District and in accordance with this Agreement. Contractor shall use industry best practices and procedures when carrying out the Services.

Pesticide applications shall be made by an individual licensed to perform pest control services in accordance with Chapter 487.011, Florida Statutes. Contractor shall provide proof of such licensure and certification to the District prior to commencement of the Services.

The Contractor shall report directly to the District’s Maintenance Manager who shall be Garrett Hardy. Contractor acknowledges and agrees that the District has the right to request that Contractor’s employees and/or subcontractors who do not behave in a professional manner, in the District’s sole determination, be removed from the Contractor’s landscape maintenance team(s) providing the Services to the District.

Contractor shall use all due care to protect the property of the District, its residents and landowners from damage and shall follow and be responsible for the Services set forth in Exhibit A on the property as provided in Composite Exhibit B. Contractor agrees to repair any damage resulting from Contractor’s activities and work within twenty-four (24) hours. This includes, but is not limited to, damage caused by Contractor to irrigation heads and lines, landscape, grasses or any other District or landowner properties or improvements.

In the event that the District notifies the Contractor that any of the Services performed by the Contractor pursuant to this Agreement are deemed to be inconsistent with the scope of services set forth in Exhibit A, Contractor shall have two (2) business days to correct minor deficiencies, and up to fifteen (15) business days, or another mutually agreed upon timeframe, to correct non-minor deficiencies. As it would be difficult to ascertain the exact amount of damages incurred by the District as a result of the Contractor’s failure to perform in accordance with the terms of the Agreement, in the event that the Contractor fails to timely remedy the deficiency(ies) as set forth herein, the District is entitled to reduce the current monthly payment to the Contractor by fifteen (15%) percent per day, as liquidated damages for non-performance (but not as a penalty), until such deficiencies are remedied.

In the event that time is lost due to heavy rains (“Rain Days”), the Contractor agrees to reschedule its employees and divide their time accordingly to complete all

scheduled services during the time during the same week as any Rain Days. The Contractor shall provide services on Saturdays if needed to make up Rain Days, but shall not provide services on Sundays.

SECTION 3.	COMPENSATION; TERM.

As compensation for the completion of the Services, the District agrees to pay the Contractor Fifteen Thousand Seven Hundred Ninety Two Dollars and Zero Cents ($15,792.00) per year, which amount includes all tools, labor and materials necessary to complete the Services. The term of this Agreement shall be from July 1st, 2020 through June 30th, 2021 unless terminated earlier in accordance with the terms of this Agreement or renewed for optional one (1) year renewals at the option of the parties hereto at the same price and terms as provided for herein.

If the District should desire additional work or services not provided in Exhibit A, or to add additional lands to be maintained not contained in Composite Exhibit B, the Contractor agrees to negotiate in good faith to undertake such additional work or services. Upon successful negotiations, the parties shall agree in writing to a work order, addendum, addenda, or change order to this Agreement as set forth in Section 4.

The District may require, as a condition precedent to making any payment to the Contractor that all subcontractors, material men, suppliers or laborers be paid and require evidence, in the form of Lien Releases or partial Waivers of Lien, to be submitted to the District by those subcontractors, material men, suppliers or laborers, and further require that the Contractor provide an Affidavit relating to the payment of said indebtedness. Further, the District shall have the right to require, as a condition precedent to making any payment, evidence from the Contractor, in a form satisfactory to the District, that any indebtedness of the Contractor, as to services to the District, has been paid and that the Contractor has met all of the obligations with regard to the withholding and payment of taxes, Social Security payments, Workmen’s Compensation, Unemployment Compensation contributions, and similar payroll deductions from the wages of employees.

The Contractor shall maintain records conforming to usual accounting practices. Further, the Contractor agrees to render an invoice to the District, in writing, which shall be delivered or mailed to the District by the fifth (5th) day of the next succeeding month. This invoice is due and payable within forty-five (45) days of receipt by the District, or in accordance with Florida’s Prompt Payment Act, whichever is sooner. The invoice shall include such supporting information as the District may reasonably require the Contractor to provide.

SECTION 4. CHANGE ORDERS. Contractor understands that the Services may be reduced, expanded or otherwise modified in scope. If any additional Services are proposed beyond those identified in this Agreement, Contractor shall perform them but only after receiving a written change order from the District. Contractor shall cooperate with and assist the District in

preparing and determining the scope of any change order. In the event the modification in services reflects a change to the scope of work as contained in Composite Exhibit B, Contractor’s compensation shall be adjusted for the added or deducted scope proposed by the change order in accordance with the unit prices established in the Agreement as set forth in Exhibit C. In the event the service is not represented by a lump sum or unit price set forth in  this Agreement, Contractor’s compensation shall be adjusted for the added or deducted services proposed by the change order as reasonably determined by the District in conference with the Contractor. All change orders shall be in the form attached hereto as Exhibit D.

SECTION 5.  WARRANTY AND COVENANT. The Contractor warrants to the District that  all materials furnished under this Agreement shall be new, and that all services and materials shall be of good quality, free from faults and defects. The Contractor hereby warrants any materials and Services for a period of one (1) year after acceptance by the District or longer as required under Florida law. With respect to any and all plant material provided pursuant to Section 2, all plant material shall be guaranteed to be in a satisfactory growing condition and to live for a period of one (1) year from planting except for annuals, which will be replaced seasonally. All plants that fail to survive under the guarantee shall be replaced as they fail with the same type and size as originally specified. Contractor further warrants to the District those warranties which Contractor otherwise warrants to others and the duration of such warranties is as provided by Florida law unless longer guarantees or warranties are provided for elsewhere in the Agreement (in which case the longer periods of time shall prevail). Contractor shall replace or repair warranted items to the District’s satisfaction and in the District’s discretion. Neither final acceptance of the Services, nor monthly or final payment therefore, nor any provision of the Agreement shall relieve Contractor of responsibility for defective or deficient materials or Services. If any of the Services or materials are found to be defective, deficient or not in accordance with the Agreement, Contractor shall correct remove and replace it promptly after receipt of a written notice from the District and correct and pay for any other damage resulting there from to District property or the property of landowners within the District. Contractor hereby certifies it is receiving the property in its as-is condition and has thoroughly inspected the property and addressed any present deficiencies, if any, with the District. Contractor shall be responsible for maintaining and warranting all plant material maintained by Contractor as of the first date of Services.

Contractor hereby covenants to the District that it shall perform the Services: (i) using its best skill and judgment and in accordance with generally accepted professional standards and (ii) in compliance with all applicable federal, state, county, municipal, building and zoning, land use, environmental, public safety, non-discrimination and disability accessibility laws, codes, ordinances, rules and regulations, including, without limitation, all professional registration (both corporate and individual) for all required basic disciplines that it shall perform. Contractor hereby covenants to the District that any work product of the Contractor shall not call for the use nor infringe any patent, trademark, services mark, copyright or other proprietary interest claimed or held by any person or business entity absent prior written consent from the District.

SECTION  6  INSURANCE.   Contractor shall, at its own expense, maintain insurance during the performance of its Services under this Agreement, with limits of liability not less than the following:

Workers Compensation	statutory

General Liability
Bodily Injury (including contractual)	$1,000,000/$2,000,000
Property Damage (including contractual)	$1,000,000/$2,000,000

Automobile Liability (if applicable)
Bodily Injury and Property Damage	$1,000,000
Contractor shall provide the District with a certificate naming the District, its officers, agents and employees as an additional insured prior to the commencement of the Services. At no time shall Contractor be without insurance in the above amounts. No policy may be canceled during the term of this Agreement without at least thirty (30) days written notice to the District. An insurance certificate evidencing compliance with this section shall be sent to the District prior to the commencement of any performance under this Agreement.

SECTION 7. INDEPENDENT CONTRACTOR.  It is understood and agreed that at all times the relationship of Contractor and its employees, agents, subcontractors or anyone directly or indirectly employed by Contractor to the District is the relationship of an independent contractor and not that of an employee, agent, joint venturer or partner of the District. Nothing in this Agreement shall be interpreted or construed as creating or establishing the relationship of employer and employee between the District and Contractor or any of its employees, agents, subcontractors or anyone directly or indirectly employed by Contractor. The parties acknowledge that Contractor is not an employee for state or federal tax purposes. Contractor shall hire and pay all of Contractor’s employees, agents, subcontractors or anyone directly or indirectly employed by Contractor, all of whom shall be employees of Contractor and not employees of District and at all times entirely under Contractor's supervision, direction and control.

In particular, District will not: i) Withhold FICA (Social Security) from Contractor's payments; ii) Make state or federal unemployment insurance contributions on Contractor's behalf; iii) Withhold state or federal income tax from payment to Contractor; iv) Make disability insurance contributions on behalf of Contractor; or v) Obtain workers’ compensation insurance on behalf of Contractor. Moreover, Contractor shall provide the District with a completed IRS W-9 form prior to the commencement of the Services.

SECTION   8.	COMPLIANCE   WITH   LAWS,   ORDINANCES   AND   REGULATIONS.	In
performing its obligations under this Agreement, Contractor and each of its employees, agents, subcontractors or anyone directly or indirectly employed by Contractor shall comply with all applicable laws, ordinances, rules, regulations, and orders of any public or governmental authority having appropriate jurisdiction, including all laws, regulations and rules relating to immigration and/or the status of foreign workers. Contractor shall initiate, maintain, and supervise all safety precautions and programs in connection with its obligations herein. Contractor shall ensure that all of Contractor’s employees, agents, subcontractors or anyone directly or indirectly employed by Contractor observe Contractor’s rules and regulations of safety and conduct. Contractor shall take all reasonable precautions for the safety of and shall provide all reasonable protection to prevent damage, injury or loss to all of its employees, agents and subcontractors performing its obligations herein and other persons who may be affected, and

any material, equipment and other property. Contractor shall remedy all damage or loss to any property caused in whole or in part by Contractor, its employees, agents, subcontractors or anyone directly or indirectly employed by Contractor, or by anyone for whose acts Contractor may be liable. Contractor shall indemnify District for all damage or losses it may incur or be exposed to because of Contractor or any of its employees, agents, subcontractors or anyone directly or indirectly employed by Contractor’s failure to comply with the provisions contained herein.

SECTION 9.	DEFAULT AND PROTECTION AGAINST THIRD PARTY INTERFERENCE. A
default by either party under this Agreement shall entitle the other to all remedies available at law or in equity, which may include, but not be limited to, the right of actual damages and/or specific performance. The District shall be solely responsible for enforcing its rights under this Agreement against any interfering third party. Nothing contained in this Agreement shall limit  or impair the District’s right to protect its rights from interference by a third party to this Agreement.

SECTION 10. ENFORCEMENT OF AGREEMENT.  In the event that either party is required to enforce this Agreement by court proceedings or otherwise, then the parties agree that the prevailing party shall be entitled to recover from the other all fees and costs incurred, including reasonable attorney’s fees and costs for trial, alternative dispute resolution, or appellate proceedings.

SECTION 11.  AMENDMENTS.  Amendments to and waivers of the provisions contained  in this Agreement may be made only by an instrument in writing which is executed by both the District and the Contractor.

SECTION 12. AUTHORIZATION. The execution of this Agreement has been duly authorized by the appropriate body or official of the District and the Contractor, both the District and the Contractor have complied with all the requirements of law, and both the District and the Contractor have full power and authority to comply with the terms and provisions of this instrument.

SECTION 13. NOTICES. All notices, requests, consents and other communications under this Agreement (“Notices”) shall be in writing and shall be delivered, mailed by First Class Mail, postage prepaid, or overnight delivery service, to the parties, as follows:

If to Contractor:	13194 US HWY 301 S #310
Riverview, FL 33578 Attn: Daniel Fernandez

If to District:	Lakewood Ranch Stewardship District
12051 Corporate Boulevard
Orlando, Florida 32817 Attn: District Manager

With a copy to:	Lakewood Ranch Stewardship District Operations
14400 Covenant Way Lakewood Ranch, FL 34202 Attn: Operations Manager

With a copy to:	Hopping Green & Sams, P.A.
119 South Monroe Street, Suite 300 Post Office Box 6526
Tallahassee, Florida 32314 Attn: Jonathan T. Johnson

Except as otherwise provided in this Agreement, any Notice shall be deemed received only upon actual delivery at the address set forth above. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day.  If any time for giving Notice contained in this Agreement would otherwise expire on a non- business day, the Notice period shall be extended to the next succeeding business day.  Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the District and counsel for the Contractor may deliver Notice on behalf of the District and the Contractor. Any party or other person to whom Notices are to be sent or copied may notify the other parties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days written notice to the parties and addressees set forth herein.

SECTION 14. ARM’S LENGTH TRANSACTION. This Agreement  has  been  negotiated fully between the District and the Contractor as an arm’s length transaction. Both parties participated fully in the preparation of this Agreement and received the advice of counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, both parties are deemed to have drafted, chosen, and selected the language, and the doubtful language will not be interpreted or construed against either the District or the Contractor.

SECTION 15. THIRD  PARTY  BENEFICIARIES.  This Agreement is solely for the benefit  of the District and the Contractor and no right or cause of action shall accrue upon or by reason, to or for the benefit of any third party not a formal party to this Agreement. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the District and the Contractor any right, remedy, or claim under or by reason of this Agreement or any of the provisions or conditions of this Agreement; and all of the provisions, representations, covenants, and conditions contained in this Agreement shall inure to the sole benefit of and shall be binding upon the District and the Contractor and their respective representatives, successors, and assigns.

SECTION 16. ASSIGNMENT. Neither the District nor the Contractor may assign this Agreement or any monies to become due hereunder without the prior written approval of the other.

SECTION 17. APPLICABLE LAW AND VENUE. This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida. Each party consents that the venue for any litigation arising out of or related to this Agreement shall be in Manatee County, Florida.

SECTION 18.	INDEMNIFICATION.

Contractor, its employees, agents and subcontractors shall defend, hold harmless and indemnify the District and its supervisors, officers, staff, employees, representatives and agents against any claims, damages, liabilities, losses and costs, including, but not limited to, reasonable attorneys’ fees, to the extent caused by the acts or omissions of Contractor, and other persons employed or utilized by Contractor in the performance of this Agreement or the Services performed hereunder up to the amount of One Million Dollars ($1,000,000.00). By executing this Agreement, Contractor agrees such indemnification amount bears a reasonable commercial relationship to the Agreement.

Obligations under this section shall include the payment of all settlements, judgments, damages, liquidated damages, penalties, forfeitures, back pay awards, court costs, arbitration and/or mediation costs, litigation expenses, attorney fees, paralegal fees and expert witness fees (incurred in court, out of court, on appeal, or in bankruptcy proceedings) as ordered.

SECTION 19.	LIMITATIONS	ON	GOVERNMENTAL	LIABILITY.	Nothing	in	this
Agreement shall be deemed as a waiver of immunity or limits of liability of the District beyond any statutory limited waiver of immunity or limits of liability which may have been adopted by the Florida Legislature in Section 768.28, Florida Statutes, or other statute, and nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing any claim which would otherwise be barred under the Doctrine of Sovereign Immunity or by operation of law.

SECTION 20. TERMINATION. The District agrees that the Contractor may terminate this Agreement for cause by providing thirty (30) days written notice of termination to the District; provided, however, that the District shall be provided a reasonable opportunity to cure any failure under this Agreement. The Contractor agrees that the District may terminate this Agreement immediately for cause by providing written notice of termination to the Contractor. The District shall provide thirty (30) days written notice of termination without cause. Upon any termination of this Agreement, the Contractor shall be entitled to payment for all Services rendered up until the effective termination of this Agreement, subject to whatever claims or off sets the District may have against the Contractor as the sole means of recovery for termination.

SECTION 21. OWNERSHIP OF DOCUMENTS. All rights in and title to all plans, drawings, specifications, ideas, concepts, designs, sketches, models, programs, software, creation, inventions, reports, or other tangible work product originally developed by Contractor pursuant

to this Agreement shall be and remain the sole and exclusive property of the District when developed and shall be considered work for hire.

SECTION 22.  PUBLIC RECORDS.  Contractor understands and agrees that all documents of any kind provided to the District in connection with this Agreement may be public records, and, accordingly, Contractor agrees to comply with all applicable provisions of Florida law in handling such records, including but not limited to Section 119.0701, Florida Statutes. Contractor acknowledges that the designated public records custodian for the District is Jane Gaarlandt (“Public Records Custodian”). Among other requirements and to the extent applicable by law, the Contractor shall 1) keep and maintain public records required by the District to perform the service; 2) upon request by the Public Records Custodian, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of the contract term and following the contract term if the Contractor does not transfer the records to the Public Records Custodian of the District; and 4) upon completion of the contract, transfer to the District, at no cost, all public records in Contractor’s possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws. When such public records are transferred by the Contractor, the Contractor shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats.

IF THE CONTRACTOR HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE CONTRACTOR’S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS CONTRACT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT (407) 382-3256, JANEG@FISHKIND.COM, OR AT 12051 CORPORATE BOULEVARD, ORLANDO, FLORIDA 32817.

SECTION 23. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Agreement shall not affect the validity or enforceability of the remaining portions of this Agreement, or any part of this Agreement not held to be invalid or unenforceable.

SECTION 24. HEADINGS FOR CONVENIENCE ONLY. The descriptive headings in this Agreement are for convenience only and shall not control nor affect the meaning or construction of any of the provisions of this Agreement.

SECTION 25. ENTIRE AGREEMENT. This instrument shall constitute the final and complete expression of the agreement between the parties relating to the subject matter of this Agreement.

[Signatures on Next Page]

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first written above.

Attest:	Lakewood Ranch Stewardship District

Secretary	Chairman/Vice Chairman, Board of Supervisors

Witness:	 	Altec Lakes and Natural Areas Inc.	

By: 	

Signature of Witness

Print Name

Print Name: 	 Title:    	 

Exhibit A:	Description of Services
Composite Exhibit B:	Landscape Maintenance Scope Maps
Exhibit C:	Form of Bid
Exhibit D:	Form of Change Order

EXHIBIT A

Description of Services

Lakewood Ranch Stewardship District		Landscape & Irrigation Maintenance Agreement EXHIBIT A
Maintenance Specifications

Turf Maintenance

Mechanical: St. Augustine and Zoysia turfgrass shall be mowed weekly during the months of April through October and bi-weekly during the months of November through March; a minimum of 40 times per year. Bahia turfgrass shall be mowed according to seasonal needs and at frequencies necessary to sustain vigor and other desired conditions; a minimum of 25 times per year. All turf shall be maintained with rotary mower. Mower blades shall be sharp at all times to provide a quality cut. Mowing heights shall be 4” for Bahia, 3-3.5” for St. Augustine and 2-2.5” for Zoysia. Mulched areas and bodies of water must not be contaminated with turf clippings. If this occurs, the clippings must be removed.

All edging shall be accomplished using a metal blade edger. Sidewalks, curbs, pavement and other hard surfaces bordered by turf shall be edged at each mowing event. Landscaped beds and tree rings shall be edged at frequencies necessary to preserve a clean, defined appearance and to maintain shape and size.

Line trimmers shall be used at each mowing event to preserve a uniform turf appearance around fences, irrigation valve boxes and any other area not accessible to mowers. Turf around sprinkler heads will be mechanically removed so as to not interfere with or intercept water output.

All areas shall be kept free of debris and litter at all times.

Fertilization: Turf shall be fertilized at intervals necessary to promote and sustain desired conditions. Complete fertilizers shall be granular in composition and contain 30% to 50% or more of the nitrogen in a slow or controlled-release form. While nitrogen fertilization is based on the desired growth rate and type of turf grass being grown, the phosphorus fertilization rate should be based on the analysis of a turf soil sample and the recommendations obtained from it. The fertilizer shall also contain magnesium and micro-nutrients (i.e. manganese, iron, zinc, copper, etc.) Iron shall be in the sulfate, sucrate or chelated form. Fertilizer will be blown or swept off of sidewalks and other paved surfaces. Specific fertilizer formulation shall vary depending on type of turfgrass and based on soil analysis provided by Contractor. Fertilizer applications shall comply with all applicable laws and regulations, including local ordinances imposing seasonal restrictions.

Pest Control: Turf shall be inspected at each visit for indications of problems and methods of Integrated Pest Management (IPM) shall be utilized to prevent or mitigate damage caused by insects and disease.

Pesticide applications will be made by in accordance with the laws and regulations governing use of pesticides in Florida.

Accent Trees, Palms, Shrubs, Ground Covers Maintenance

Mechanical/Manual: ALL PRUNING TOOLS MUST BE CLEANED PRIOR TO USE ON STEWARDSHIP DISTRICT PROPERTIES. Shrubs and ornamental trees will be pruned as specified by District and to provide the desired shape, fullness and blooms. Pruning shall include removal of dead or diseased shrubs and ground covers. Pruning of palms under 12’ in height C.T. will be done as necessary to remove brown fronds, seed heads and hanging boots and any time they appear to maintain the palms looking their best. No pruning will be done during or immediately following growth flushes, branches will be pruned just outside the branch collar. Sucker growth will be removed by hand from the base of trees. No herbicides will be used for this purpose. Pruning of canopy trees shall be undertaken as necessary to maintain a minimum of 8’ clearance of the canopy as measured

Lakewood Ranch Stewardship District		Landscape & Irrigation Maintenance Agreement EXHIBIT A
from the ground. Contractor will remove and dispose of all biomass generated by pruning activities.

Fertilization: Shrubs, trees and ground covers shall be fertilized three times per year. Two of the annual applications are normally scheduled around February and October. A third application can be made during the summer. Rate will be 1 pound of nitrogen per 1,000 square feet per application.

Mature palms in the landscape shall be fertilized four times per year at the rate of 5 to 8 lbs. each application. Palms under 8 feet tall will receive 2-5 lbs. per application four times per year.

Fertilizers should contain equal amounts of nitrogen and potassium and 30% or more of both elements should be available in slow-release from. The fertilizer should also contain magnesium and a complete micronutrient amendment. The fertilizer analysis shall be similar to 8-2-8, 15-5-15, 14-3-14, 12-2-14, etc.

Established shrubs and trees in turf areas exposed to turf fertilizations will be fertilized on an as- needed basis to ensure plants maintain a healthy look. Fertilizer applied to shrubs and trees planted in beds shall be broadcasted over the entire plant bed. Nutrient deficiencies shall be treated with supplemental applications of the specific lacking nutrient according to University of Florida Cooperative Extension recommendations.

The specifications above shall be modified as necessary to comply with applicable laws and regulations.

Pest and Weed Control: Contractor shall practice Integrated Pest Management (IPM) in compliance with applicable laws and regulations to control insects, diseases and weeds on and around perennials, ground covers, shrubs, vines and trees. This will include frequent monitoring and spot treatment as necessary using the least toxic methods. All applications will be performed when temperatures are below 90 degrees F and when wind drift is negligible. First choice will be insecticidal soaps, horticultural oils and biological controls such as Bacillus thuringiensis (Br). Weeds in beds or mulched areas will usually be removed mechanically or be hand. Herbicides will be employed for heavy weed infestations.

Annuals Maintenance

Annual Flowers: Replacement of existing annuals will be done 4 times per year at a per-plant cost not included within the Agreement price. Renovation of annual beds with soil amendments shall be accomplished once per year in early March at no additional cost.

Replacement of dead or injured plants due to pests or Contractor negligence will be done without cost to District. Annuals and perennial bedding plants shall be fertilized at installation with time- release fertilizer. Supplemental fertilization with liquid 20-20-20 or comparable shall also be applied as necessary to promote color and vigor. Hand-pulled weed control will be performed during every maintenance service to ensure all areas are maintained weed-free. No herbicides are to be used on or near the annual beds.

Edging and trimming along the beds will be done to maintain the original straight line or smooth curve.

Lakewood Ranch Stewardship District		Landscape & Irrigation Maintenance Agreement EXHIBIT A
Irrigation Systems Maintenance

Irrigation Systems: Contractor shall inspect and test all components of the irrigation system for functionality on a routine monthly schedule. The monthly test shall include:

Verifying functionality of decoders and solenoid valves from the controller
Ensuring proper coverage of rotor and spray heads and maxi-jet emitters to maximize effectiveness and minimize over spray upon roads, sidewalks, etc.
Replacement of clogged emitters and spray nozzles
Identifying breaks or leaks in lateral lines
Clearing turfgrass, etc. from valve and control boxes
Identifying broken, non-functioning or missing rotors, spray heads and maxi jets
Verify functionality of rain sensors, soil moisture sensors and other automatic shut-off devices

Contractor shall take appropriate action as necessary to maintain the irrigation systems in accordance with the above; compensable at a time and materials basis. Repairs due to damage caused by Contractor’s maintenance activities will be made by Contractor at no expense to District.

Contractor shall be responsible for controller programming including seasonal adjustments, specific need adjustments, accommodating new plant material and otherwise as necessary to ensure adequate irrigation is applied.

Central Control: Contractor must communicate all changes made to controller programming, for approval & to prevent them from being deleted by periodic synchronization.

Optional Services

Thatch Control: Thatch removal is not included the basic contract charges. Removal of thatch (a spongy build-up of dead and living grass shoots, stems and roots) should be considered when thatch thickness exceeds one inch. The best time for thatch removal is March through August when the turf is rapidly growing. Verti-cutting, using a vertical mover is the recommended method of mechanically removing thatch from Zoysia lawns. Blade spacing shall be 1-2” for Zoysia grass.

Mulching: Re-mulching of planting beds shall be by the request of District and charged separately.

Palm and Canopy Tree Pruning: Pruning of palm trees in excess of 12’ C.T. shall be by the request of the District and charged separately. Structural pruning of canopy trees shall be by the request of District and be performed by an ISA Certified Arborist.

Other Services: Other compensable services outside of the Agreement Scope including, but not limited to:
Major clean-up due to storms, vandalism or otherwise
Hand watering
Fire Ant control

COMPOSITE EXHIBIT B

Landscape Maintenance Exhibit Maps

17,426 sf

EXISTING  LAKE  #6
NWL  =  [37.19]
TOB   =  [40.3]  (2.86 AC)
25  YR  = 39.42
100  YR  = 39.87

EXISTING WETLAND NW-W35B
NP  =  36.48
SHWL = 37.19
25  YR  = 38.07
100 YR =  38.26 TOP OF BERM = 39.3

EXISTING WETLAND NW-W67 NP = N/A
SHWL = 37.34

RPC 116490

()

9  2018
9  2018

Stantec
6900 Professional Parkway East, Sarasota. Fl 34240-841-4
PflOllft 9-41-907-6900  ,  Fax 941-907-6910

The Cor. octor shoil verify ood be responsible fo,, cl dimem ns. DO NOi!COie fhe drawing • or,y errors or omlciJns shall be repclfled Jo Stontec without delay.The Copyright! toell designs enddrcWTlgS ere the p-openy olStontec. RIIP[Oduc oo Of 1e roro.1yDUrpose 01her l hoomot outnori;,ed
by Stontec forbiOden.

CLIENT:		LAKE WOOD	RANCH STEWARDSHIP		DISTRICT

PROJECT:

9 2018

I

VERTICAf_ SCALE:

HORl20 NTAL SCALE:
1" = 100'

AERIAr	SITE PLAN

CROSS REFERENCE FILE NO.:

SEC     TW,P        RGE:
8      35S 19 E

PR OJECT NU MBER:

APR 11 2019

ROGER HILL PARK

stantec

,0,.REV NO.

certmcote of Au1horizolion tt27013 • www.s1amoc.rom

215614719

2 OF 8

GHARD
2020-06-23 11:22:18
-------------------------------------------- 112,433 sf

Saved: 11/ 30/ 20 1B 9:46 :51 AM RCOLl lS I Plotted: 4/3/20 \9 4;21: 19 PM RCOLLIS I V:\2156\oc\ive\21561 47!9\ civil\ drowing\ 215614719 - 0 lc\ sheet_ fi les \ 2 15614 71 9-01C- 00 2pl.d wg ll o youi1

EXHIBIT C

Maintenance Scope Sheet

Lakewood Ranch Stewardship District Landscape Maintenance Scope Sheet Roger Hill Park; NW Sector
Section I: Contract Scope	
	Unit $	Per Month $	Per Year$	
Premium Turf	0	SF	$	-	$	-	$	-	
Non-Premium Turf (mechanical only)	181,203	SF	$	0.08	$ 1,208.02	$	14,496	
Beds/Shrubs/Ground Covers:	2,750	SF	$	0.18	$	41.25	$	495	
Irrigation Zones:	1	LS	$	135.00	$	11.25	$	135	
Canopy Trees; 8' Clearance:	19	LS	$	18.00	$	28.50	$	342	
Accent Trees:	18	LS	$	18.00	$	27.00	$	324	
	Total Contract:	$ 1,316.02	$	15,792	

Section II: Non-Contract Scope	Unit $	Extension	
Canopy Trees; Structural Pruning:	19	LS	$	32.00	$	608	
Palm Tree Pruning:	20	LS	$	18.00	$	360	
Annuals:	0	LS	$	-	$	-	
Re-Mulch (at 1" depth):	9	CY	$	52.00	$	4,576	
Irrigation Repair:		PER HOUR		$	32	

EXHIBIT D

Form of Change Order

CHANGE ORDER
No.: 	
Project:					 Date of Issuance: 		Effective Date: 	

Owner:		 Owner’s Contract No.: 	
Contractor:	Engineer: 	

You are requested to make the following changes in the Contract Documents. Description: Increase in contract scope
Reason for Change Order: Additional landscape maintenance services required. Attachments: Exhibit A contract scope

Change in Contract Price
Original Contract Price

$ 	

Change in Contract Times
Original Contract Times

Substantial Completion: 	 Ready for Final Payment: 	
days or dates

Net changes from previous Change Orders No.

To No.

Net changes from previous Change Orders No.

To No.

 	
$ 	
days

Contract Price prior to this Change Order

$ 	

Contract Times prior to this Change Order

Substantial Completion: 	 Ready for Final Payment: 	
days or dates

Net Increase (decrease) of this Change Order
$ 	

Net Increase (decrease) of this Change Order

days

Contract Price with all approved Change Orders

$ 	

Contract Times with all approved Change Orders

Substantial Completion: 	 Ready for Final Payment: 	
days or dates

Recommended:	Approved:	Accepted:	
By: 		By: 		By: 		
Maintenance Manager or Operations Director	Stewardship District Board of Supervisors	Contractor	
Date: 		Date: 		Date: 		

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Agreement for Irrigation Installation Services and Materials,
Irrigation Design Associates, Inc.

AGREEMENT BETWEEN LAKEWOOD RANCH STEWARDSHIP DISTRICT AND IRRIGATION DESIGN ASSOCIATES, INC. FOR IRRIGATION INSTALLTION SERVICES AND MATERIALS (LAKEWOOD RANCH BLVD. SRQ SECTOR PROJECT)

Tms AGREEMENT (the " Agree men t") is  made and  entered  into  this  I st day  of  July,  2020, by and between:

Lakewood Ranch Stewardship District, a local unit of specia l-p urpo se government locate d in Sarasota and Manatee  Counties,  Florida,  and  whose mailing  address  is   12051  Corporate  Boule vard,  Orlando,   Florida   328 l 7  (the " D ist rict "); and

Irrigation Design Associates, Inc. whose address is 6175  Palmer  Blvd., Sarasota, Florida, 34240 (the " Co ntracto r" ).

RECITALS

WHEREAS,  the  District  was established   pursuant  to  Chapter  2005-338,  Laws  of  Florida , as amended, for the purpose of plann i ng, fina ncing ,  constructing,  operating  and/or  maintaining certain infrastructure improvements, inc lu din g but not limited to, lands cap ing and irrigation improvements; and

WHEREAS,  the  District  desires to  reta in  an  inde pende nt  co ntracto r  to provide  irri g atio n i nsta llat io n se rvices and materials relative to its Academic A venue , NE Secto r project with in  the Dist rict as described herein and in the attached Exhibit A, whic h is incorporated herein by  this reference (the "Services"); and

WHEREAS, Contractor represents that it is q ualifi ed , willing and capable of providing the Servic es and desires to do so in accordance with the terms of this Agreement ; and

WHEREAS, the District and Contracto r warrant and agree that they have all rig ht,  power and authority to enter i nto and be bound by this Agreement.

Now, THEREFORE, in consideration of the recitals, agreements, and mutual covenants contained here in, and other good and valuable consideration, the receip t and s ufficiency of which are here by acknowledged by the parties, the parties agree as follows:

SECTION 1.  R ECITALS.  The  recita ls  so  stated   are  true  and   correct   and   by   this reference are i nco rpo rated into and form a material pa1t of this Agreement.

S ECTIO N 2.	DESCRIPTION OF WORK AND SERVICES.

The duties , o bli gatio ns, and responsibilities of the Contractor are to provide the services, labo r and materials necessary fo r the instaJlatio n of ce1t ain irrigation

improvements, i ncl ud ing mater ials a nd relate d site preparatio n, as desc ribed  here in and in Exhibit A.

This Agreement grants to Contractor the rig ht to enter the lan ds that are subject to this Agreement , for those purposes desc ribed in this Agreement ,  and  Contracto r  hereby agrees to comply with all a ppl ica ble laws, rules, or dinances and regu la tio ns  affecting the provis io n of the Services.

Contractor  shall  be so lel y  res pons i ble for  the  means, manner and methods  by  which its duti es , o bligat io ns and res ponsi bilities are met to the satisfac  t io n of  the District and in accordance wit h th is Agreeme nt. Contractor  s hall  use  indust ry  best  practices and procedures when carry i ng out the Serv ices. Any  additio nal  com pensat io n  fo r additi o na l duties s hall be paid only as neg otiate d between the  parties  and  upon  the writt e n authorizatio n of the District.

The Contractor shall report direc tly to the Dist rict ' s De sig nee who sha ll be Garrett Hardy. Contractor ac knowle dges and agrees  that the Dist rict  has  the  right  to  request  that  Contractor's  emp lo yees  and/or  subcontractors  who   do   not   be have   in   a professio nal manner, in the District ' s so le determ i nation, be remo ved  fro m  the Contracto r' s team(s) providing the Services to the Distr ict.

Co ntracto r shal l use all due care to  protect the  property of  the Distri ct ,  its  res idents and lando wners from damage and sha ll fo llow and be respo nsible for the Ser vices set forth in Exhibit A. Co ntractor  ag rees  to  repair  any  damage  result ing  from Contractor's activ it ies and work within twenty-four (24) ho urs.

In the event  that  time  is  lost  due  to  heavy  rains ("Rain Days"),  the  Cont ractor agrees to   resched ule   it s   employees   and   divide   the ir    time   accordingly  to  complete	all sc heduled services dur ing t he time  dur ing  the  sa me  week  as  any  Rain  Days.  The Cont ractor shall provide services o n Saturda ys if needed to  make  up  Rain Da ys,  but shall not provide se rvice s o n Sundays.

SECTION 3.	DATE OFC OMPLETrON

Contractor s ha ll co mplete the in sta llati on ser vices with in S ixty (60) calendar days  of the exec ut io n of this Agreement, p rovided however  that suc h co mple tio n date ma y be adj usted  to  address  any  delays  caused  by  the  Distri ct.  Contractor  sha ll  be   allowed add itiona l days for adverse weat he r days. "Adverse Weather " is  defined  as  the occurrence of one or more of the follow in g co ndit io ns within a twenty -fo ur (24) ho ur day that prevents construct io n activity exposed to weather  cond it io ns  or access to  the site: (1) p recipita ti on (ra in, snow, or ice) in excess of one-ha lf in ch (0.50 ") liq uid measure ("standard base lin e"); or (2) susta i ned wi nd in excess of twenty-five (25)
m.p .h.	Contractor must document suc h Adve rse Weath er and notify the D istr ict promptly after its occ urrence.

The   Contractor  and   the Dist rict	r eco gnize that time is of the esse nce of th is Agreement and that the District wi ll suffe r financial loss  if the  installation  services  are not comp leted with in the time s specified herein. The Dist ri ct a nd the Contractor also recognize the dela ys, expense , and difficult ies involved in p rovidi ng in a le ga l proceeding and the actual loss suffe red by the District  if the  installation  services  are not comp leted on time. Accord ingly, instead of requi ri ng any such proof, the Dist rict and the Contractor agree that as liquidated damages for de la y (but not as  a  pena lty), the Contractor sha ll pay the Dis trict		Five Hundred Do llars ($500) for each day that expires  after  the  time specified  herein.	Co nt ractor must coordinate its work with others performing work for the District as the Dis trict directs. Contractor will work  ove1t ime or extra shifts as necessary to meet the timeframes provided for herein.

SECTION 4.	COMPENSATIO ; TERM

As compensation for completion of the Services described in this Agreement, the District agrees to pay the Co nt racto r Ninety Thousand Four Hundred Fiftv-Five Dollars and Zero Cents ($90.455.00). Such amount inclu des all it e ms, materials and labor ne cessary for the completion of the Services.

If the Distr ict sho uld des ire  additional  work  or  se rv ices  not  provided  in  Exhibit  A, the Contractor agrees to negotiate  in  good  faith  to  unde 1t ake  suc h  additional  work  or se rvices. Upon successful negot iatio ns, the patties shall agree  i n  writing  to  a  work order, addendum , addenda , or change order  to  thi s  Agreement  as  set  forth  in  more detail in Section 5.

The District may require, as a condition precedent to making  any  payment  to  the  Contractor that al I s ubcontracto rs, mate rial men , supp lier s or laborers be  paid  and require evidence, in the  form  of  Lien  Releases  or  partial  Waivers  of  L ien ,  to  be  submitt e d to the Distr ict by those sub contracto rs, material men, suppliers  o r  la bore rs, and further require  that  the  Contractor  provide  an  Affidavit  relating  to  the  payment  of sa id in debtedness. Futther, the Dis trict s hall hav e the rig ht to req uire , as a condition precedent  to  making  any  payment,  evidence   from   the   Contractor,   in   a   form satisfacto ry to the D istrict  , that any  indebte dne ss  of  the  Co ntractor, as  to services  to the Distr ict , has been paid and that the Contractor has met all of the obliga t io ns  with regard to the withholding and payment of taxes, Socia l Security payments, Workers Compensat io n, Unemployment Compensation contr ib utio ns, and sim ila r payroll deductions from the wages of emplo yees.

The Contractor sha ll maintain records confo rming to usua l accounting practices. Fu1ther, the Contractor ag rees to render an invoice to the Distr ict , in w ritin g, which sha ll  be  delivered  or  mailed  to  the  District  by  the  fifth  (5th)  day  of  the  next succ eed ing month. These invoices are due and payable within thir ty (30)  days  of receipt by the Dist rict. Each inv oice s hall include such supporting info rmatio n as the D is t r ict may reasonab ly req uir e the Contractor to provide.

SECTION 5.	CHANGE    ORDERS.    Co ntractor   und erstand s    that the  Services	may be red uce d,  enlar ged  or  otherw ise    modified Ln  scope.		ff any add it io na l Se rvices are proposed beyond  those  identified  in  this  Agreement ,  Co nt racto r  sha ll   perform   them   but   only  afte r rece ivLng  a  writt e n  change order from  the Dist rict.	Co ntracto r sha ll not petf o r m any se rv ic e o mitted  from  the  Agreement  by  deductive  change  o rder.  Contractor  sha ll  cooperate  with   and ass ist the  Distr ict  in  preparing and  determining  the scope  of any  change  order.  In  the  eve nt  the se rvice represents a unjt price set fo11h in th is  Agreemen t,  Con tracto r' s  co mpe nsat io n  sha ll  be adj usted for the added or deducted serv ices  p roposed  by the  change order  in accordance  with  the unit prices established in the  Agreement.  Tn  the  eve nt  the  unit  price for the  additional  services  is not set forth in this Ag reem e nt, Contracto r's co mp ensat ion sha ll be adjusted for the assessed or deducted services p roposed by the change  o rder  as  reaso nably service  determined  by the  Distr  ict in conference with the Contractor. All c hange  orders  shall be  in  the  fo rm  attached  hereto  as Exhibit B.

SECTION   6.	WARRANTY AND COVENANT.  The  Contracto r  warrants  to  the  Di str ict  t hat all materia ls fw- nis hed under this Agreement  shall  be  new,  and  that  all  services  and  materials shall   be  of   good   quality ,   free  from   faults and  defects.	The Co ntractor hereby warrants any materials and Services fo r a period of one (I ) year after  acceptance  by  the  District  or  lo nger  as requir ed  unde r  Flo rida law.	With respect to any and all pla nt material provided  pursuant  to Section 2, all plant material s ha ll be gua ranteed to  be in a satisfactory  growi ng  co nditio n a nd  to live for a pe ri o d of one  ( I )  year  from  pla nting  except  for  annuals,  whic h  will  be  rep laced season ally. AIJ plants that fail to survive under  the  gua rantee shall  be  replaced  as  they fai l  w ith the sa me type and s ize as origi n a lly s pecified. Contractor fu11ber warrants to the District those warranties whic h Con tractor othe rwise  warran  ts  to others  and  the  duration  of such  warranties  is  as provided by Flo rid a la w unless  lo nge r g ua rantees or  warrant ies are provided  for elsew here  in the Agreement (i n which  case the  lo nger pe rio ds of time sha ll  preva il).  Con tracto r sha ll  replace or repair warranted items to the District' s sati sfact io n  and  in  the  Distr  ict' s  discret io n. Neith er final acceptance of the Services, no r monthl y or final payment therefore, nor any provision of the Agreement  shall  re lie ve  Contractor   of   responsibili ty   for		defect ive or deficie nt mater ials or Services.	If any of  the  Services  o r  materials  are  fo und  to  be  defective,  deficient  or  not  in  acco rdance with the Agree ment, Co nt racto r shall  correct  remove  and  replace  it  promptly  after rece ipt of a w r itten notice from the District  and  correct  and  pay  for  any  other damage  resulting there from to Distr ict pro perty or the prope11y of landowners within the District.

Contractor hereby covenants to the District that  it  s hall  perform  the Services:  (i)  using  its best skill and judgme nt  and  in accordance  with gene rally accepted  profess io na l sta  ndards and (ii) in co mp l ian ce with all applica ble fe deral, s tate, county, municip al, build in g and zo ning, land use, e nviro nm ent al,  p ublic  safety,  non-disc rimi nation   and  disability   accessibility   laws,   codes,  ordi nances, rules and regulation s, includin g, without limi tat io n, a ll professio nal reg istra t io n (both co rporate and individual) for all  requi red  bas ic  discip lin es  that  it  shall  perfonn.  Contractor hereby covenants to the Distr ict  that any  work product of the  Co ntractor shall not  ca ll for  the  use  nor infr i nge any patent, trademark , se rvice s mark, copyrig ht or other proprietary int eres t cla imed or held by any perso n or bus in ess entity absent prior writt e n consent from the Dist rict.

SECTION 7.	INSURANCE.
Contracto r shall, at its own expense, maintain  in surance  during the performance of it s Services un der this Agreemen t, with limits of lia bili ty not less than the following:

Worke rs Compensation	statuto ry

Genera l Liability
Bodily Injury (including contractual) Property Damage (including contractual)

Automobile Liability (if applicable)
Bodily Injury and Property Damage

$ 1, 000,000/$2,000,000
$ 1,00 0,000/$2,000 000

$1,000,000

Contractor shalI provide the Dist rict with a certificate naming the D is trict, its officers, agents and emp lo yees as an additio nal insured prior to the commencement of the Services. No ce1iificate shall be acceptable to the Dist rict unless  it  provides  that any change or terminati on within the policy periods of the ins urance coverages, as certified, shall not  be  effective  within  thirty  (30)  days  of  prior  written  notice  to  the  Distric t.  Ins urance coverage shall be from a  reputable  insurance  carrier ,  licensed  to  conduct  busin ess in the State of Flo rida, and such carrie r sha ll have a Best's Insurance Repotis rating of at le ast A-Vil.

If the Contractor fails to have secured and maintained the required  ins urance, the Dist rict has the rig ht (with out any obligat io n to do so, howeve r), to secure such required insurance in which event the Contractor shal I pay the cost for that required insurance and shall furnis h, upon demand , all informat io n that may be required in co nnect ion wit h the Distri c t' s obtaining the required in su rance.

SECTION 8.  IN DEPENDEN T C ONTRACTOR.   It  is  underst ood  and agreed that at all times the relati o nship of Contractor and its emplo yees, agents , subcont ractors or anyone directly or indirectly employed by Contractor to the Distr ict is the relatio ns hi p of an inde pendent contractor and not that of an e mp loyee , agent, joint vent urer or patt ner of the District. Nothing in th is Agreement shall be interpreted or construed  as  creating  or  establishin g  the  relat ions hip  of emplo yer and emp loyee between the D is t rict and Contractor or any of its employees, agents, subcontractors or anyone directly or indirect ly employed by Contractor. The patt ies ac knowledge that Contractor is not an employee for state or federal tax purposes.  Contractor shall  hire and  pay  all of Cont ractor ' s em plo yees, agents, subcont ractors or anyone directly or indirectly employed by Contractor, all of whom  shall  be employees  of Contractor  and  not emplo yees of Distr ict  and at all times entirely under Contractor's supervision , directio n and control.

In partic ula r, D istrict will not: i) Withhold FICA (Social Security) from Contracto r's payments ; ii ) Make state or federal unemployment insurance  co ntributio ns  on  Contractor's behalf; iii ) Withhold state or federal income tax from payment to Contracto r; iv) Make disa bili ty insurance cont ributio ns o n beha lf of Contractor ; or v) Obtain worke rs' compensation insura nce on behalf of Contractor. Moreover , Contractor shall provide the Dist rict wit h a co mp let ed IRS W-9 form prior to the commencement of the Serv ices.

S ECTIO N  9.	COMPUANCE    WITH   L AWS ,    ORDINANCES    AND    R EGULAT IONS.	In
pe rform ing its obligations under this Agreement, Contracto r and each of its e mp lo yees,  agents, subco nt ractors or anyo ne dire c tly or indirectl y emplo yed by Cont racto r s ha ll comply with all applica ble laws,  o rd i nances ,  ru les,  reg  ulatio ns,  and  orders  of  any  public  or  governmental autho rity havin g appropriate juris dictio n, inclu din g a ll la ws, regulatio ns and rules relating  to immigr atio n a nd/or the st atus  of  foreig n  workers.  Contractor  sha ll  init iate,  ma intai n,  and superv ise all safety precautio ns and programs in  connection  with  its  o bl iga ti o ns  here in. Contractor shall ensure that all of Co ntractor' s employees ,  agents,  subcontr acto  rs  or  anyone directly or in directl  y  employed  by  Contractor  observe  Contractor's  rules  and  regulati  o ns  of safety  and  conduct.  Contractor s ha ll  take all  reaso na ble  p re ca utio ns fo r the  safety  of and shall  p rovide all reaso nable protect io n to prevent damage, inj ury or loss to all  of its  e mployees,  agents and subcontractors performing it s o blig at io ns herein and other persons w ho may be affected , and any mater ia l, equip ment and other prope1t y. Contractor sha ll remed y all damage or loss to any property caused in whole or in part  by  Co ntracto r,  its  em plo yees,  agents,  sub cont ractors  or anyone dire ct ly or indirectl y employed by Contracto r,  or  by  anyone  for whose  acts  Contract or may be liable. Contractor sha ll ind emnif y Dis tri ct for all damage or  losses  it  may  inc ur or be expose d to because of Contr actor or any of  its  e mployees,  agents,  subcontractors  or  anyone directly or ind irect ly employed by Cont ractor's fa il ure to co mp ly with th e  provis io ns contained here in.

SECTION 10. D EFAULT AND P ROTECT ION A GAINST T HIRD PARTY I NTERFERENCE. A
default by either  party  under  this  Agreement  shall  entitle  the  ot he r  to  all  remedies  available  at law o r in eq uity , w hi c h may i nclude , but not be limited to, the rig ht of ac tua l damages and/or specific performance. The Dis tri ct s hall be so le ly respons i ble fo r e nfo rcing its rights under this Agreement against  any  inte tf eri ng  third  patty.  Nothing  contained  in  this  Agreement  shall  limit or impair  the  Dist ric t' s  rig ht  to  protect  its  rights  from  interference  by  a  third  party  to  this Agree men t.

SECTION 11. ENFORCEMENT  OF A GREEMENT.   u1 t he  event that either  patty   is required to enforce this Agreement by co utt p roceed in gs or ot he rw ise, the n the patties agree  that  the prevailing party shall be entitl ed to reco ver from the other all fees and costs  incurred ,  including reasona ble  attorney ' s  fees   and   costs  fo r   trial,   alternat ive   dispute   reso l ut io n,   o r   appellat e p roceedings.

SECTION 12. A MENDMENTS.   Amendments  to  and  waivers  of  the  provisio ns  co nta i ned in th is Agreement may be mad e only by an i nstrument i n w ritin g  which  is exec uted  by  both  the Dis tr ict and the Cont ractor.

S ECTION 13.	AUTHOR1ZATION.	T he exec utio n of this Agreement has been duly authorized by the appropriate body or officia l o f tbe Distr ict a nd the Contr actor,  both  the  District and the Contractor have complied with a ll the requ irements of law, and both the District and the Contract or have full power and authority to  comply  with  the  terms  and  provisions  of  this instrument.

S ECTION 14.  N OTICES. All  notices ,  requests , consents and other comm unicat io ns  under this Agreement (" Notices") s ha ll be in writing and shal l be delivered, mai le d by First Class Ma il, postage prepa id, or overnig ht del ivery service, to the parties , as follows:

If to Contractor:

If to District:

With a copy to:

Irri gat io n Design Associates, l nc. 6175 Pal me r Bl vd.
Sarasota, Flo r ida 34240
Atten: Laura Rain es

Lakewood Ranch Stewardship Dist ri c t 1205 1 Co rpo rate Boule va rd
Orlando, Florida 32817 Attn: Dist ri ct Manager

Lakewood Ranc h  Stewardship  District  Operatio ns 1 4400 Co venant Way
Lakewood Ranch , FL 34202 Attn: O peratio ns Manager

Hoppin g Green & Sams , P.A.
11 9 South Monroe Street, Suite 300 P os t Office Box 6526
Tallahassee, Florida 32314
Attn: Jonathan T. Johnson

Except as other wise provided in this  Agree ment ,  any  Notice  s ha ll  be  deemed  received only up on actual deli very at the ad dress set forth above. N ot ices de livered after 5:00 p.m. (at  the place of  delivery)  or on a  non-business  day,  shall  be  deemed  received on the  next  busine ss  day.  lf any time for givin g  Not ice  co ntained  in  this  Agreement  would  other wise  exp i re  on a  no n­ bus in ess day, the  Notice  perio d  shall be  extended  to  the  next  succee din g  business  day. Saturdays, Sundays, and lega l holida ys recognized by the United States governm ent shall not be regarded as busi ness d ays. Coun se l for th e  Dist rict  and  counsel for  the  Contractor  may  deliver Not ice o n behalf of the  D is tri ct  and  the Contractor.  Any party or o ther  person to  whom Not ices are to be sent or co pie d may not ify the ot her part ies and add ressees of any  cha nge  in  name or address to which N ot ic es s hall be  se  nt  by providin g the same on five (5) days  writt e n  not ice  to the parties and add ressees set fo rth here in.

S ECTIO N 15. AR.M' S LENGTH T RAJ"IISACT J ON. This  Agreement  has  been  negot iated fully between the Dist rict and the  Contractor as  an arm' s  le ngth  tr ansact io n.  Both  parties partic ipated ful ly in the prepa ratio n of this Agreement and received the advice of counse l. ln the case of a dis pute conce rni ng the interpretation of any provisio n of this Agreement, both parties are deemed to have d rafted, chose n, and selected the langu age, and the doubtful lang uage will not be int erpr eted or construed against either the Dist rict o r the C ontractor.

SECTION 16.  THIRD PARTY B ENEFICI ARLES.  T his  Agreement  is so le ly fo r the  benefit  of the Dis trict and the Contract or and no right or cause of action sha ll accrue u pon or  by reason , to or for the benefit of any thi rd pa1iy not a formal party to this Agreement. Not hing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the District and the Contractor any rig ht, remedy, or claim  under or  by reason of this Agreement or any of the provisions or conditions of this Agreement; and al I of the provisions, represe ntations, covenants, and conditions contained in thi s Agreement shall inur e to the sole benefit of and sha ll be binding upon the District and the Contractor and their respect ive representati ves, successo rs, and assigns.

SECTION 17. ASSIGNMENT. Neither the Dis t rict nor the Contracto r may assign this Agreement or any mo nies to become due hereunder without the prior  written  approval of  the other.

SECTION 18. A PPL ICABL E LAW AND V ENU E. This Agreement  and  the  prov1s10ns contained herein shall be construed , interpreted and controlled accord i ng to  the laws of the State of Flo rida. Each pa1iy consents that the venue for any litigation arising out of or re lated to this Agreement shall be in Manatee County, Florida.

SECTlON 19. IND EMNTFI C AT I ON.

Contractor, it s employees, agents and sub cont ractors shal I defend, hold ha rmless and indemnify the District and its s upervisors, offi ce rs, sta ff, employees, representatives and agents against any claims, damages, lia bilitie s, losses and costs,  inc lud in g,  but not  limited   to,   reasonable   attorneys'   fees,  to  the  extent  caused   by  the   acts  or  o miss io ns of Contracto r, and other persons emplo yed or utilized by Contractor in the performance of this Agreement or the Services  performed  hereunder  up  to  the  amount of One Million Do lla rs ($ 1,000,000.00). By executing this Agreement, Contractor agrees such in demn ificatio n amount bears a reasona ble commercial relationship to the Agree ment.

O blig atio ns under this section shall  include  the  payme nt  of  all  settle ments , judgments, damages,  Liquidated  damages ,  penaltie s,  fo rfeitures, back  pay  awards, court costs, arbitration and/or mediation  costs,  litigation  expenses,  attorney  fees,  paralegal fees and expert  witness fees (inc urr ed  in cou rt ,  o ut  of  co u1t ,  on  appeal, or in bankruptcy proceedings) as ordered.

SECTION 20.  LlJVUTATJONS	ON	GOVERNMENTAL     LIABILITY.	Nothing	in	th is
Agreement shal l be deemed as a waiver of immunity or l im its of lia bi lity of  the  D is trict  beyond  any statutory limite d waiver of  immunity  or li mits  of  lia bility  which  may have  bee n adopted  by the Florida Leg is lat ure in Section 768.28, Florida Statutes, or other sta tute, and nothing in th is Agreement shal l inur e to the benefit  of  any  third  pa1iy  for  t he  purpose  of  allowing  any  claim which would otherwise be barred under  the  Doc trine  of  Sovereign  immun ity  or  by  operation  of law.

SECTION 21.  EFFECTIVE D ATE.   This Agreement shall  be effecti ve  upon the execution of the Agreement by each of the parties hereto and sha ll remain  in effect until the  completion  of the Serv ices , unless terminated ea rl ier in accordance wit h the terms of this Agreement.

SECTION 22. TERNllNATJON. The Distr ict agrees that the Contra cto r may term inate this Agreement for cause by providing  thir ty  (30)  days  written  notice  of  termination  to  the  District; prov ided,  however  that  the  District  shat I   be   provided   a   reasonable   oppo rtunity   to cure  any fai lure under this Agreement. The Co nt ractor  ag rees  that  the  Dist rict  may  terminate  this Agreemen t immed iate ly for cause  by  providin g  written  notice of  termination  to  the  Contractor. The District sha ll provide thirty (30) days written not ice of termination witho ut cause. Upon any termination of this Agreement , the  Contractor  shall  be  ent it led  to  payment  for  all  Services rendered up until the effect ive te 1111inat io n  of this Agreeme nt,  subject  to whateve r claims or off  sets the Distr ict may have against the Cont racto r as the so le means of recovery for te1111inat io n.

SECTION 23. OWNERSHIP OF DOCUMENTS. All rights i n and tit le to all p la ns, drawi ngs, spec ificat io ns,  ideas,  co ncepts  ,  desig ns,  sketches  ,  mode ls,   programs,   software,   creation, invent ions, reports,  or other  tang ible work  product  origina  lly deve lo ped  by  Contractor  pursuant to this Agreement shall be and remain the sole and  exc lus ive  property  of  the  District  when developed and s ha ll be cons idere d work for hire.

SECTION  24.   PUBLIC  RECORDS.    Conh·actor   understands  and  agrees  that  all  documents of any ki nd provided to the District in co nnect io n  with  th is  A g ree ment  may  be public reco rds, and, accordingly, Cont ractor agrees to comply wit h all applica ble provisions of Flo rida law  in handling  such  records  including  but  not  limited  to  Sect ion   119.070 I ,   Florida   Statutes. Contract or acknowledges that the designated public records custodian  for  the  District  is  J ane Gaarlandt ("Pub li c Records Custod ia n").  Among othe r  requirements  and  to  the extent applica ble by law, the Cont racto r shall I) keep and maintain pub lic  reco rds  required  by  the  Dist r ict  to perform the se rvice;  2)  upon  request  by  the  Public  Records  Custodian,  provide  the  District  with the requested public records or a ll o w the reco rds  to  be inspected  or  copied  within  a  reaso na ble time period at a  cost  that  does  not exceed  the cost  provided  in  Chapter  l 19,  Florida  Statutes; 3) ens ure that  p ub l ic  records  which  are  exempt  or  confidentia l,  and  exempt  from  public  records disc los ure req uirements , are not disclosed except as auth o rize d by la w fo r t he duration of the contract term  and  follow  ing  the  co ntract  term  if  the  Contractor does not  transfe r  the  records  to the Public Records Custodian of the District;  and  4)  upon  comp let io n of  the  co nt ract,  transfer  to the Distr ict , at no cost, all  public  reco rds  in  Co ntractor' s  possession  or,  alternatively,  keep, maintain and meet all  app  lica  ble  requirements  for  retaining  public  records  pursuant  to  Florida laws.  When  such  pub lic  records  are  transferred  by  the  Contractor,  the  Cont ractor  shall  destroy any dupl ic ate public records that are exempt or confi dent ia l and exempt from  public  records disclosure requirements. All records stored electro nicall y must  be  provided  to  the  District  in  a format that is compati ble wit h Microsoft Word or Adobe PDF formats .

IF THE CONTRACTOR HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE CONTRACTOR'S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO TillS CONTRACT, CONTACT THE CUSTODIAN OF PUBLIC

RECORDS AT (407) 382-3256, JANEG@FISHKIND.COM, OR AT 12051 CORPORATE BOULEVARD, ORLANDO, FLORIDA 32817.

SECTION 25. S EVERABILIT Y. The invalidity or unenforceability of any one or more provisions of this Agreemen t sha ll not affect the validity o r enforceability of the remaining potiions of this Agreement, or any part of this Ag reement not held to be invalid or unenforceable.

SECTION 26. HEADINGS FOR CONVENIENCE O NL Y. The descriptive heading s in th is Agreement are for convenie nce on ly and shall not control nor affect the meaning or const ruct io n of any of the provis io ns of this Agreeme nt.

SECTION 27. ENTTRE AGREEMENT. Thjs in st rument shall  constitute  the  final  and comp let e expression of the agreement between the parties relat ing to the subject matter of this Agreement.

[Signatu  res on Next Page]

IN WITNESS WHEREOF, the pa rties he reto ha ve executed this Agreeme nt as o f the d ay and yea r first writte n a bove.

Attest:	Lakewood Ranch Stewardship District

Secreta ry	Chairman/V ice C hair man, Board of Su perviso rs

Witness:	Irrigation Design Associates, Inc.

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Exhibit C:

Construction Plan

Irri ga ti o n Desig n Assoc iates, Inc.	Proposal 6-4-20 Fo rm of Change O rder

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EXHIBIT B:

	Proposal	
	Job:	13079-ACADEMICAVE-LWR
Quote Date:	06/24/2020	
IRRIGATION DESIGN ASSOCIATES. INC.
6175 Palmer Boulevard
Sarasota, Florida 34240
Phone: (941) 927-1279 Fax: (941) 925-8987		
Quoted To:
LAKEWOOD RANCH STEWARDSHIP

14400 COVENANT WAY
BRADENTON FL 34202	
DIS	Job Name:
ACADEMIC	
AVE -	
LWR	
Good Thru:	Payment Terms:		Estimator:	
One Month From Quote Date	Net 30 Days	0		

Quantity	Description	Unit	Ext Price	

***************************************** *********			
	*****IRRIGATION DISTRIBUTION SYSTEM			
	QUOTE BASED ON IRR PLANS BY ICD SERVICES			
	PGS IR1-IR4 DATED 6/15/20 TO BE AS FOLLOWS*********			
	**************************************************			
	HUNTER ACC-99D;MINICLIK WALL MOUNT CONTR			
1.00	W/RAIN SENSOR	EA		
1.00	PAIGE 4" X 96" GROUND PLATE FOR CONTROLLER	EA		
	HUNTER IMMS SET - HUNTER ACC-COM-HWR;RAD-3			
1.00	RA5M-HARDWIRE/RADIO MODULE, RADIO & ANTENNA	EA		
1.00	INTERMATIC SURGE ARRESTOR 120 VOLT ARRESTOR	EA		
2.00	HUNTER ICD-100 SINGLE STATION DECODER	EA		
1.00	HUNTER ICD-200 TWO STATION DECODER	EA		
7.00	HUNTER ICD-400 FOUR STATION DECODER	EA		
	8' GROUND ROD UNITS:ROD,6AWG GROUND WIRE,SPLIT			
7.00	BOLT, AND CAD WELD	EA		
4.00	HUNTER ICV-lOlG l" VALVE	EA		
2.00	HUNTER ICV-151G 11/2" VALVE	EA		
27.00	HUNTER ICV-201G 2" VALVE	EA		
1,155.00	HUNTER PROS-06 6" SPRAY	EA		
72.00	HUNTER PROS-12 12" SPRAY	EA		
111.00	HUNTER PCB-50 BUBBLER ON 1/2" FLEX PIPE	EA		
3,900.00	CI 200 PVC BUBBLER LATERAL PIPE	Ff		
4,100.00	HUNTER IDl 14-2(2-WIRE IN I" CONDUIT)	Ff		
200.00	2 1/2" CL 200 PVC MAINLINE PIPE	Ff		
2.00	POC 6" SADDLE TAPS	EA		
4.00	POC 8" SADDLE TAPS	EA		

Notes: TO INSTALL IRRIGATION BASES ON IRRIGATION PLANS .

Quote Total: I	 	902455.oo I

Proposal
Continued	Page#

06/24/20
2 of2

Quantity	Description	Unit	Ext Price
Notes: IRRIGATION SLEEVES NOT INCLUDED
Notes: ELECTRIC TO THE IRRIGATION CONTROLLER PROVIDED BY OTHERS. Notes: IF DIRECTIONAL BORES ARE NEEDED FOR THIS SITE, THIS QUOTE PRICE IS SUBJECT TO CHANGE.

*A 5% service charge will be added to any invoices paid with a credit card.
*Water source,water meter,back-low and certioication by others, unless otherwise stated.
*Water quality of well is not guaranteed. Any water quality treatment needed including, but not limited to, sand separator or rust elimination would be an additional fee added to the contract.
*Electric power supply by others. If temporary power is needed, SVC battery operated controllers will be installed at an additional fee added to the contract.
*Any permitting costs required would be an additional fee added to the contract.
*Teans of payment are as follows: Invoices should be paid in 30 days. Any unpaid invoices will result in interest being added at a rate of 18% annually.
*Any job requiring C67160 insurance certificate for waiver of subrogation or additionally insured will need to be quoted per job and may require additional costs.
* If any administrative time is required for EEO, Certioied Payroll, direct material purchase, or any goverment r

Accepted By: _  _  _  _  _  _  _  _  _  _  _  _  _	Date: 		_

EXHIBIT C:

CHANGE ORDER
No.: 		_
Project:_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Date of Issuance:---------	Effective Date:-  -  -  -  -  -  -
Owner:		 Owner's Contract No.: 	--------------
Contractor:--------------------- Engineer:_ _ _ _ _ _ _ _ _ _ _ _ _ _
You are requested to make the following changes in the Contract Documents. Description: Increase in contract scope
Reason for Change Order: Additional landscape maintenance services required. Attachments: Exhibit A contract scope

Change in Contract Price
Original Contract Price
$. 	

Net changes from previous Change Orders No._ ToNo._
_ $._ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Contract Price prior to this Change Order
$. 	

NeIncrease (decrease) of this Change Order
$   	

Contract Price with all approved Change Orders

$   	

Change in Contract Times
Original Contract Times

Substantial Completion:_   _   _   _   _   _   _   _   _   _   _ _
Ready for Final Payment:. 	_
days or dates

Net changes from previous Change Orders No._ ToNo._

days

Contract Times prior to this Change Order

Substantial Completion:_   _   _   _   _   _   _   _   _   _   _ _
Ready for Final Payment: 	_
days or dates

Net Increase (decrease) of this Change Order

days

Contract Times with all approved Change Orders Substantial Completion:_   _   _   _   _   _   _   _   _   _   _ _
Ready for Final Payment: 	_

dsyraste

Rec

nded: m

Approved:

Accepted:

By: 	_
Maintenance Manager or Operations Director

Date:_  _   _  _  _   _  _  _   _  _  _

By:_ _ _ _ _ _ _ _ _
Stewardship District Board of Supervisors

Date:_ _ _ _ _ _ _ _ _ _ _

By:_ _ _ _ _ _ _ _ _ _
Contractor

Da te: 	_

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Draw Requests

(provided under separate cover)

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Compilation Report

Lakewood Ranch Stewardship District
Statements of Assets, Liabilities and Fund Balances - Modified Cash Basis May 31, 2020

Current Month	Prior Month	Variance

	ASSETS		
Current Assets
Cash-Operating Account	
$	829,732	
$	
1,300,680		
(470,948)	
Due from Land Owner	516,157		516,157		0	
Utilities Deposits	700		700		0	
Total Assets	$	1,346,589	$	1,817,537		(470,948)	

LIABILITIES AND FUND BALANCES

Current Liabilities
Accounts Payable	
$	246,766	
$	260,055		
(13,289)	
Northern Trust Credit Card	1,970	1,172		798	
Total Current Liabilities	248,736	261,227		(12,491)	
Fund Balance
Retained Earnings - Prior Year	
17,722	
17,719		
3	
Surplus (Deficit) for the Period	1,080,131	1,538,591		(458,460)	
Total Fund Balance	1,097,853	1,556,310		(458,457)	
Total Liabilities & Fund Balance	$	1,346,589	$	1,817,537		(470,948)	

Lakewood Ranch Stewardship District
Statements of Revenues, Expenditures and Fund Balances - Modified Cash Basis For the Eight Months Ended May 31, 2020

Full Year
Budget	Current
Actual	Current
Budget		Current
Variance	Y-T-D
Actual	Y-T-D
Budget		Y-T-D
Variance	
.	SOURCES OF FUNDS								
641,172	Assessments - NE	$	3,478	$	53,431		(49,953)	$	953,496	$	427,448		526,048	
1,852,414	Assessments - Northwest	8,520	154,368		(145,848)	1,699,028	1,234,943		464,085	
1,611,033	Assessments - Southeast	8,694	134,253		(125,559)	1,498,564	1,074,022		424,542	
408,258	Assessments - Sarasota	1,696	34,022		(32,326)	436,383	272,173		164,210	
3,061,057	Landowner Contributions	0	255,088		(255,088)	606,737	2,040,704		(1,433,967)	
1,000	Other Revenue	0	83		(83)	0	667		(667)	
7,574,934	Total - Sources of Funds	22,388	631,245		(608,857)	5,194,208	5,049,957		144,251	

.
.
8,000	

USES OF FUNDS
GENERAL AND ADMINISTRATIVE
Insurance	0	

667		

667	

7,500	

5,333		

(2,167)	
15,000	Meeting Advertising	280	1,250		970	4,270	10,000		5,730	
70,000	Engineering	8,998	5,833		(3,165)	62,342	46,667		(15,675)	
30,000	Bond Agent Fees	0	2,500		2,500	16,547	20,000		3,453	
100,000	Legal Fees	0	8,333		8,333	24,043	66,667		42,624	
32,000	Accounting	3,040	2,667		(373)	21,145	21,333		188	
150,000	Lien Book and Tax Roll	0	12,500		12,500	93,750	100,000		6,250	
17,000	Annual Audit	0	1,417		1,417	15,000	11,333		(3,667)	
100,000	Trustee	20,846	8,333		(12,513)	78,378	66,667		(11,711)	
108,000	Manager	9,083	9,000		(83)	76,769	72,000		(4,769)	
1,500	Postage	0	125		125	1,649	1,000		(649)	
1,500	Printing and Reproduction	0	125		125	0	1,000		1,000	
0	Office Supplies	0	0		0	323	0		(323)	
3,810	Other Current Charges	300	318		18	755	2,540		1,785	
22,000	Dues, Licenses & Subscritions	0	1,833		1,833	0	14,667		14,667	
658,810	Total General & Administrative	42,547	54,901		12,354	402,471	439,207		36,736	

.
152,578	

RESERVES
Reserves	0	

12,715		

12,715	

0	

101,719		

101,719	
152,578	Total Reserves	0	12,715		12,715	0	101,719		101,719	
.	MAINTENANCE								
300,000	Maintenance Management Fee	25,000	25,000		0	200,000	200,000		0	
383,400	General & Park Maintenance	26,448	31,951		5,503	281,941	255,599		(26,342)	
96,240	Community Service Admin Fee	0	8,020		8,020	0	64,160		64,160	
3,626,087	Contracted Landscape & Irrigation	220,145	302,175		82,030	1,662,153	2,417,389		755,236	
901,000	Non-Contracted Landscape & Irrig	55,058	75,082		20,024	612,568	600,668		(11,900)	
1,016,846	Irrigation for Master Landscaping	63,738	84,738		21,000	596,177	677,897		81,720	
241,500	Environmental	12,400	20,124		7,724	194,778	161,001		(33,777)	
55,273	Utilities	5,913	4,605		(1,308)	53,096	36,850		(16,246)	
143,200	Other Maintenance	29,595	11,934		(17,661)	110,893	95,466		(15,427)	

6,763,546	

Total - Maintenance	438,297	

563,629		

125,332	

3,711,606	

4,509,030		

797,424	

7,574,934	

Total Uses of Funds	480,844	

631,245		

150,401	

4,114,077	

5,049,956		

935,879	
0	Surplus (Deficit) for the Period	$	(458,456)	$	0		(458,456)	$	1,080,131	$	1		1,080,130	

Lakewood Ranch Stewardship District
Statements of Revenues, Expenditures, and Fund Balances - Modified Cash Basis
NORTHEAST SECTOR
For the Eight Months Ended May 31, 2020

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
24,740	Post Blvd & SR70 Intersection	$	2,062	$	2,062		0	$	17,271	$	16,493		(778)	
17,032	59th Ave-Lorraine to Post Blvd	500	1,419		919	2,562	11,354		8,792	
5,830	NE SR70 & Lorraine Rd Intersec	0	486		486	0	3,886		3,886	
173,473	Uihlein Road	11,737	14,456		2,719	110,051	115,649		5,598	
1,200	Lakebank and Swale Mowing	100	100		0	700	800		100	
92,000	Lorraine Corners	7,820	7,667		(153)	62,563	61,333		(1,230)	
50,000	Future Roads	1,800	4,167		2,367	47,242	33,333		(13,909)	
140,000	44th Ave from Lorraine to Bour	0	11,667		11,667	5,100	93,333		88,233	
40,000	Post Blvd. from 59th Ave to Ra	2,216	3,333		1,117	2,216	26,667		24,451	
70,910	Uihlein Rd.; 44th Ave. to SR64	0	5,909		5,909	0	47,273		47,273	
120,000	Rangeland Pkwy.; Uihlein Rd. t	3,555	10,000		6,445	7,109	80,000		72,891	
127,379	Bourneside Blvd.; SR70 to SR64	0	10,615		10,615	0	84,919		84,919	
84,000	Rangeland Pkwy.; Lorraine Rd.	20,247	7,000		(13,247)	24,837	56,000		31,163	
946,564	Total	50,037	78,881		28,844	279,651	631,040		351,389	
.	NON CONTRACTED LANDSCAPING & IRRIGATION REPAIRS	
46,000	Irrigation Repairs - NE	789	3,833		3,044	8,506	30,667		22,161	
40,000	Plant Replacement - NE	1,808	3,333		1,525	16,563	26,667		10,104	
34,000	Mulching - NE	0	2,833		2,833	12,513	22,667		10,154	
76,000	Tree Trimming	0	6,333		6,333	408	50,667		50,259	
6,000	Other Landscape Maintenance	3,000	500		(2,500)	12,916	4,000		(8,916)	
202,000	Total	5,597	16,832		11,235	50,906	134,668		83,762	
.	IRRIGATION FOR MASTER LANDSCAPING								
8,868	Irrigation-Mthly. Meter Charge	747	739		(8)	5,890	5,912		22	
150,000	Irrigation - Utilization - NE	9,533	12,500		2,967	89,856	100,000		10,144	
158,868	Total	10,280	13,239		2,959	95,746	105,912		10,166	
.	ENVIRONMENTAL								
16,000	Lake maint.-lakes outside comm	1,333	1,333		0	11,664	10,667		(997)	
800	Mitigation monitor. & maint-NE	0	67		67	0	533		533	
1,500	Littoral Shelf Plantings - NE	0	125		125	0	1,000		1,000	
12,000	Conservation areas - NE	1,000	1,000		0	6,025	8,000		1,975	
30,300	Total	2,333	2,525		192	17,689	20,200		2,511	
.	UTILITIES								
100	Manatee Co. Utilities	0	8		8	0	67		67	
1,273	Peace River Utilities	2,246	106		(2,140)	13,551	849		(12,702)	
1,373	Total	2,246	114		(2,132)	13,551	916		(12,635)	
.	OTHER MAINTENANCE								
12,000	Drainage Maintenance - NE	901	1,000		99	6,305	8,000		1,695	
10,000	Storm Clean-Up - NE	0	833		833	0	6,667		6,667	
0	Sanitary Sewer - NE	0	0		0	600	0		(600)	
3,200	Hardscapes - NE	0	267		267	644	2,133		1,489	
1,200	Miscellaneous Maintenance - NE	0	100		100	0	800		800	
26,400	Total	901	2,200		1,299	7,549	17,600		10,051	
1,365,505	TOTAL NORTHEAST SECTO	$	71,394	$	113,791		42,397	$	465,092	$	910,336		445,244	

Lakewood Ranch Stewardship District
Statements of Revenues, Expenditures, and Fund Balances - Modified Cash Basis
NORTHWEST SECTOR
For the Eight Months Ended May 31, 2020

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
96,000	WhiteEagle - SR70 to Rangeland	$	7,889	$	8,000		111	$	63,114	$	64,000		886	
68,000	Rangeland- LWRBlvd to WhiteEag	5,588	5,667		79	44,704	45,333		629	
37,000	Kent Lake & Lake Bank Maint	3,083	3,083		0	21,581	24,667		3,086	
85,000	44th- LWR Blvd To WhiteEagle	6,996	7,083		87	55,966	56,667		701	
30,000	Malachite - LWR Blvd to White	2,352	2,500		148	18,816	20,000		1,184	
15,450	Lake Bank mowing	3,293	1,288		(2,005)	26,344	10,300		(16,044)	
22,800	Rangeland-WhiteEagle to Esplan	1,836	1,900		64	14,205	15,200		995	
48,000	SR70 & LWR BLVD entrance	3,900	4,000		100	31,197	32,000		803	
88,000	LWR Blvd.; Malachite to SR64	6,933	7,333		400	55,452	58,667		3,215	
42,000	White Eagle/Malachite to 44th	3,320	3,500		180	24,115	28,000		3,885	
164,800	White Eagle/44th to Gatewood	12,473	13,733		1,260	108,871	109,867		996	
20,000	White Eagle/Gatewood to SR64	1,000	1,667		667	2,000	13,333		11,333	
7,440	Silver Palm Blvd	450	620		170	3,473	4,960		1,487	
53,560	Wood Fern Trail	4,159	4,463		304	28,789	35,707		6,918	
48,500	Gatewood Drive	4,041	4,042		1	32,326	32,333		7	
40,000	44th Ave/White Eagle to Indigo	3,333	3,333		0	26,335	26,667		332	
14,000	44th Ave from Indigo to Lorr	821	1,167		346	6,898	9,333		2,435	
30,000	Silver Falls	4,394	2,500		(1,894)	34,645	20,000		(14,645)	
80,000	117th Street	7,217	6,667		(550)	57,736	53,333		(4,403)	
26,000	Rangeland Pkwy. from Esplanade	0	2,167		2,167	2,000	17,333		15,333	
1,016,550	Total	83,078	84,713		1,635	658,567	677,700		19,133	
.	NON CONTRACTED LANDSCAPING & IRRIGATION REPAIRS	
62,000	Irrigation Repairs - NW	25,087	5,167		(19,920)	79,733	41,333		(38,400)	
42,000	Plant Replacement - NW	11,993	3,500		(8,493)	67,110	28,000		(39,110)	
100,000	Mulching - NW	0	8,333		8,333	69,409	66,667		(2,742)	
64,000	Tree Trimming	0	5,333		5,333	25,685	42,667		16,982	
8,000	Other Landscape Maintenance	0	667		667	5,805	5,333		(472)	
276,000	Total	37,080	23,000		(14,080)	247,742	184,000		(63,742)	
.	IRRIGATION FOR MASTER LANDSCAPING								
8,610	Irrigation-Mthly Meter Charge	747	718		(29)	5,890	5,740		(150)	
310,000	Irrigation - Utilization - NW	20,987	25,833		4,846	197,819	206,667		8,848	
318,610	Total	21,734	26,551		4,817	203,709	212,407		8,698	
.	ENVIRONMENTAL								
32,000	Lake maint.-lakes outside comm	2,667	2,667		0	21,336	21,333		(3)	
75,000	Conservation areas - NW	6,250	6,250		0	72,550	50,000		(22,550)	
107,000	Total	8,917	8,917		0	93,886	71,333		(22,553)	
.	UTILITIES								
900	FPL - NW	48	75		27	439	600		161	
24,000	Peace River Utilities	1,851	2,000		149	17,759	16,000		(1,759)	
24,900	Total	1,899	2,075		176	18,198	16,600		(1,598)	
.	OTHER MAINTENANCE								
14,000	Drainage Maintenance - NW	1,167	1,167		0	9,336	9,333		(3)	
1,000	Sanitary Sewer - NW	0	83		83	0	667		667	
32,000	Hardscapes - NW	0	2,667		2,667	20,634	21,333		699	
4,000	Signs - NW	17,722	333		(17,389)	17,722	2,667		(15,055)	
1,200	Miscellaneous Maintenance - NW	0	100		100	549	800		251	
52,200	Total	18,889	4,350		(14,539)	48,241	34,800		(13,441)	
1,795,260	TOTAL NORTHWEST SECTOR	$	171,597	$	149,606		(21,991)	$	1,270,343	$	1,196,840		(73,503)	

Lakewood Ranch Stewardship District
Statements of Revenues, Expenditures, and Fund Balances - Modified Cash Basis
SARASOTA SECTOR
For the Eight Months Ending May 31, 2020

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

.	MASTER LANDSCAPING & IRRIGATION REPAIRS CONTRACTS	
160,000	Deer Drive	$	11,279	$	13,333		2,054	$	100,112	$	106,667		6,555	
172,000	Lorraine Road; University Pkwy	14,042	14,333		291	112,338	114,667		2,329	
120,000	LWR Blvd; Comm Blvd to Deer Dr	9,877	10,000		123	69,139	80,000		10,861	
41,200	Lorraine Rd;South Boundary	4,680	3,433		(1,247)	37,457	27,467		(9,990)	
200,000	Future Roads	0	16,667		16,667	0	133,333		133,333	
693,200	Total	39,878	57,766		17,888	319,046	462,134		143,088	
.	NON CONTRACTED LANDSCAPING & IRRIGATION REPAIRS	
20,000	Irrigation Repairs - SRQ	1,739	1,667		(72)	5,663	13,333		7,670	
30,000	Plant Replacement - SRQ	973	2,500		1,527	68,759	20,000		(48,759)	
60,000	Mulching - SRQ	0	5,000		5,000	48,247	40,000		(8,247)	
40,000	Tree Trimming	0	3,333		3,333	5,475	26,667		21,192	
10,000	Other Landscape Maintenance	1,002	833		(169)	21,671	6,667		(15,004)	
160,000	Total	3,714	13,333		9,619	149,815	106,667		(43,148)	
.	IRRIGATION FOR MASTER	LANDSCAPING								
8,868	Irrigation-Mthly Meter Charge	747	739		(8)	5,890	5,912		22	
200,000	Irrigation - Utilization - SRQ	7,213	16,667		9,454	67,990	133,333		65,343	
208,868	Total	7,960	17,406		9,446	73,880	139,245		65,365	
.	ENVIRONMENTAL									
12,000	Lake maint.-lakes outside comm	0	1,000		1,000	3,025	8,000		4,975	
2,200	Littoral Shelf Plantings - SRQ	0	183		183	0	1,467		1,467	
16,000	Conservation areas - SRQ	0	1,333		1,333	6,135	10,667		4,532	
30,200	Total	0	2,516		2,516	9,160	20,134		10,974	
.
28,000	UTILITIES
FPL - SRQ	
1,458	
2,333		
875	
20,446	
18,667		
(1,779)	
28,000	Total	1,458	2,333		875	20,446	18,667		(1,779)	
.	OTHER MAINTENANCE									
12,000	Drainage Maintenance - SRQ	0	1,000		1,000	0	8,000		8,000	
2,000	Sanitary Sewer - SRQ	0	167		167	0	1,333		1,333	
10,000	Hardscapes - SRQ	0	833		833	11,592	6,667		(4,925)	
2,000	Miscellaneous Maintenance - SR	390	167		(223)	390	1,333		943	
26,000	Total	390	2,167		1,777	11,982	17,333		5,351	
1,146,268	TOTAL SARASOTA SECTOR	$	53,400	$	95,521		42,121	$	584,329	$	764,180		179,851	

Lakewood Ranch Stewardship District
Statements of Revenues, Expenditures, and Fund Balances - Modified Cash Basis
SOUTHEAST SECTOR
For the Eight Months Ended May 31, 2020

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

.	MASTER LANDSCAPING & IRRIGATION REPAIRS CONTRACTS	
350,000	U Pkwy /Lorraine to Concession	$	9,432	$	29,167		19,735	$	96,880	$	233,333		136,453	
204,000	The Masters Ave. Extension	19,114	17,000		(2,114)	137,312	136,000		(1,312)	
105,000	Lorraine Rd.- East Side	5,265	8,750		3,485	45,605	70,000		24,395	
20,173	CDD allocation/UP & Lorraine	0	1,681		1,681	17,310	13,449		(3,861)	
108,000	Bournside Blvd Masters to SR70	4,290	9,000		4,710	34,324	72,000		37,676	
12,600	Covenant Way	0	1,050		1,050	1,050	8,400		7,350	
110,000	Masters Ave from Players Dr	9,051	9,167		116	72,408	73,333		925	
60,000	Bourneside Blvd from Masters	0	5,000		5,000	0	40,000		40,000	
969,773	Total	47,152	80,815		33,663	404,889	646,515		241,626	
.	NON CONTRACTED LANDSCAPING & IRRIGATION REPAIRS	
65,000	Irrigation Repairs - SE	3,771	5,417		1,646	30,614	43,333		12,719	
100,000	Plant Replacement - SE	4,696	8,333		3,637	60,788	66,667		5,879	
60,000	Mulching - SE	0	5,000		5,000	57,573	40,000		(17,573)	
30,000	Tree Trimming	0	2,500		2,500	3,281	20,000		16,719	
8,000	Other Landscape Maintenance	200	667		467	11,849	5,333		(6,516)	
263,000	Total	8,667	21,917		13,250	164,105	175,333		11,228	
.	IRRIGATION FOR MASTER LANDSCAPING								
10,500	Irrigation-Mthly Meter Charge	747	875		128	5,890	7,000		1,110	
320,000	Irrigation - Utilization - SE	23,017	26,667		3,650	216,952	213,333		(3,619)	
330,500	Total	23,764	27,542		3,778	222,842	220,333		(2,509)	
.	ENVIRONMENTAL								
4,000	Lake maint.-lakes outside comm	1,150	333		(817)	9,913	2,667		(7,246)	
70,000	Conservation areas - SE	0	5,833		5,833	64,130	46,667		(17,463)	
74,000	Total	1,150	6,166		5,016	74,043	49,334		(24,709)	
.
1,000	UTILITIES
FPL - SE	310	
83		
(227)	
901	
667		
(234)	
1,000	Total	310	83		(227)	901	667		(234)	
.	OTHER MAINTENANCE								
2,000	Roads and sidewalks - SE	0	167		167	0	1,333		1,333	
20,000	Drainage Maintenance - SE	0	1,667		1,667	7,715	13,333		5,618	
5,000	Sanitary Sewer - SE	350	417		67	1,904	3,333		1,429	
10,000	Hardscapes - SE	231	833		602	13,000	6,667		(6,333)	
0	Signs - SE	8,834	0		(8,834)	20,502	0		(20,502)	
1,200	Miscellaneous Maintenance - SE	0	100		100	0	800		800	
400	Telephone-Irrigation, Sewer-SE	0	33		33	0	267		267	
38,600	Total	9,415	3,217		(6,198)	43,121	25,733		(17,388)	
1,676,873	TOTAL SOUTHEAST SECTOR    $	90,458	$	139,740		49,282	$	909,901	$	1,117,915		208,014	

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Engineer’s Report

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Change Order No. 2 Woodruff & Sons, Inc.

Change Order
No. 	2	

Date of Issuance:      June 24, 2020	Effective Date:     July 10, 2020	

Project: Rangeland Pkwy at LWR West of Lorraine Rd	Owner: Lakewood Ranch Stewardship District	Owner's Contract No.:	
Contract: $ 4,046,049.97	Date of Contract: February 4, 2019	
Contractor: Woodruff & Sons, Inc.	Engineer's Project No.: 215614850/
215610101	

The Contract Documents are modified as follows upon execution of this Change Order:

Description:

Remove EX abandoned pipe & valves; install conduits; AB curbs, con s/w sod.
Attachments: (List documents supporting change):
Woodruff & Sons, Inc. Proposal CO-2 for Job No. 2713 dated 4/22/2020

		
 	CHANGE IN CONTRACT PRICE:		 	CHANGE IN CONTRACT TIMES:		
Original Contract Price:	Original Contract Times:	 Working days	Calendar days	
Substantial completion (days or date):      270 Days		
$ 4,046,049.97		Ready for final payment (days or date):    300 Days		
[Increase] [Decrease] from previously approved Change Orders No. 	1	to No. 	1	:	[Increase] [Decrease] from previously approved Change Orders No. 	1	to No. 	1	:	
Substantial completion (days):  		
$ 	71,822.93		Ready for final payment (days):  		

Contract Price prior to this Change Order:	
Contract Times prior to this Change Order:		
Substantial completion (days or date): 	270 Days		
$ 4,117,872.90		Ready for final payment (days or date):      300 Days		

[Increase] [Decrease] of this Change Order:	
[Increase] [Decrease] of this Change Order:		
Substantial completion (days or date):  		
$ 	84,797.81		Ready for final payment (days or date):  		

Contract Price incorporating this Change Order:	
Contract Times with all approved Change Orders:	
Substantial completion (days or date): 	270 Days		
$ 4,202,670.71		Ready for final payment (days or date):     300 Days		

RECOMMENDED:	ACCEPTED:	ACCEPTED:	
By:  		By:  		By:  		
Engineer (Authorized Signature)	Owner (Authorized Signature)	Contractor (Authorized Signature)	
Date:  		Date:  		Date:  		

V:\2156\active\215614850\civil\construction_phase_documents\change_orders\received\con_rangeland_west-lorraine_co-2_84797-81_rmv-pipe-valve-instl-conduit_ab-crb_sod_woodruff_ejcdc_c941_rae_20200624.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 Construction Specifications Institute.

MB /_	

BS/	,,

Woodruff & Sons, Inc.
6450 - 31st Street East. Bradent:on Florida 34203 (physical)
P.O. Box 10127, Bradenton Florida 34282-0127 (mailing) Tel# 941.756.1871 ~ Fax# 941.755.1379 www.woodniffandsorts.com	,tlropo al	
	OFFICIALUSEONLY
D Job No:	2713
D	Control No:	=--c_....     _        _        _        _

D   Log Date:	4/24/2020
D  Invoice No:	 	
D Change Order	2	
To:	Lakewood Ranch Stewardship District Address:	14400 Covenant Way
Bradenton, FL 34202	Contact: Mike  Blackrick Tel No:	(941) 757-1566
Email:	111ike.blackrick@lakewood ranch.co111	
Project Name:	Rangeland Parkway- Street Light addition
Project Location: Rangeland Parkway at Lakewood Ranch West of Lorraine Ro	Bid No:	Pl8-137
Bid Date: T hursday , December 20, 2018	

Item #	Item Description:	Estimated Quantity	Unit	Unit Price	Total Price

. ,

-

 		This   is  a   Change Order Request				 				 Apr.19		Remove ex.  Pipe and valves			1.00     Is	$4,676.0 0	$	4 ,676 .00 
Jul.19	Install conduits	LOO	Is	$ 14,2 79 .00	$	14,279.00
 	
Jan.20	AB curb, cone s/w, sod		1.00     Is	$37,781.23	$	37,781.23 ---
Mar.20	Sod	1.00	Is	$28, 061.58	$	28,061.58  _

Total Price for above Items:
Total Bid Price:

$	.M°' 797.. b

-- · 

(	84,797.81

Notes:	• Prices may be withdrawn, if not accepted within 45 days as of the date of this proposal.

All material is guaranteed to be as specified. All work to be completed in a workmanlike manner according to standard practices. Any alteration or deviation from above specifications invo lving extra costs wiU be executed only upon written orders, and will become an extra charge over and above this proposal.

CONFIRMED:

Woodruff & Sons, Inc.

Author ized Signature:
Donald P. Woodruff, President
Estimator:	Matt Anderson (matta@woodruffandsons.com)

6/1912020

271J-CO.02 Extras

Page I of I

Date of Acceptance: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

_ _ _ _ _ _ _ _ _ _ _

_ _

S igna ture: _ _ _
PrintedN:imc:

ACCEPTED :
The above prices, specificationsand conditions are satisfactory and hereby accepted. Buyre_:     _     _     _     _     _     _     _     _     _     _     _     _     _     _     _     _     _     _     _     _

Payment Terms:	Payment due within 30 days of date of invoice, regardless of when payment is made by Owner.

-

WOODRUFF & SONS, INC - WORKSHEET for EXTRAS
P.O. Box 10127, Bradenton, Florida 34282-0127 ~ T# 941 .756. 1871 ~ F# 941.755.1379 ~ www.woodruffandsons.com

NAME	OF	JOB: Range land Parkway
JOB	LOCATION: Off of Rangeland west of White Eagle

JOB/WORK ORDER NO: DATE:

 	2713 
A.e_r25,2019

NATURE OF JOB:- - - - - - - - -

REFERENCE NO:	 	

 MONTHLY EXTRAS/OVERAGES	W&S INVOICE NO:	 	

BILL TO:	AIRC#

-LW-R - - - - - - - - - - - - - - - - - - - - - - - - - -

ORDERED BY:	 	

COMPANY: -LW-R  - - - - - - - - - - - - - - - - - - - - - - - - - - - -
ADDRESS:
NOTES   I	PA Line Item #I	QTY	I UNITS I	DESCRIPTION OF WORK

TAX LOCATION: TAX PERCENTAGE:
UNIT$

 	Manatee 
 	7.00% 
I EXTENSION $

	140	200.00	If	IRemove Ex Abandoned Pi.e_e & Va lve	$23 . 38	$4 , 676 .00	

								

								

							

								

								

								

p

1	1	1	1	1

1	L......

.... .. ... . .. .... ... ...• .. .... .. . ..................................... .......................... ............................. ..... . . .... ... ... .... 

2713 Monthly Extras (2019.04) worksheet- Pgs 1 of 1

..   ..   . ...     . .  .  .  . ..    .  .  .  ...     ...     ..   .  .  ..   .  ...     ...     ...     . .  ..    ..   ....       ...     . .  ..    ...     ..   .  ....       ..   ....       ...     ...     ....      ..   . ...     ........             . ....       ...     .......            ......          ..   . ....      ..   ....       ...     .......            ...       . . . ..   ..   .  ..    SUBTOTAL 	(   $	6-.; .=1h

-	'!?x?o 7U!. n!n , !;! ; ;a!-	--T 4 7	;1J!	17;	2.. !	uffandsonscom

NAME		OF 	JOB: Lakewood Ranch Blvd South (Rangeland Parkway west of Lorraine)		JOB/WORK ORDER NO: JOB	LOCATION: Rangeland Parkway		DATE:
NATURE  OF  JOB: 	REFERENCE NO:
 MONTHLY EXTRAS/OVERAGES	W&S INVOICE NO:

2713
Aug 01, 2019

I

BILL TO:	A/RC#      LWR		ORDERED BY: COMPANY:   LWR	 		TAX LOCATION: ADDRESS: 				TAX PERCENTAGE:

Manatee
7.00%

 	DATE	I

PA Line Item #I     QTY	I UNITS I 	DESCRIPTION OF WORK	I	 UNIT$	I EXTENSION $

 	06/26/19	1.00	Is	Install 1308 If of conduits (2",4" & 6")	$14,279.00	$14,279.00

-   --	.:::::::.=-...
... . . .. ....  .............	.......................................................................................................................................................................................................................................................................S..U..B...T...O...T...A...L........(	$14,.2...7...9.....0...0.,... )
TAX% TOTAL
2713 Condu it Bill ing July Extras.xlsx worksheet - Pgs 1 of 1	-F

-	WOODRUFF & SONS, INC - WORKSHEET for EXTRAS		
P.O. Box 10127, Bradenton, Florida 34282-0127 ~ T# 941.756.1871 ~ F# 941.755.1379~ www.woodruffandsons.com		
NAME	OF	JOB: Rangeland Parkway	JOB/WORK ORDER NO:	
2713	

JOB	LOCATION: Off of Rangeland west of White Eagle	DATE:	Jan 22, 2020	

NATURE  OF  JOB: 	REFERENCE NO:			
		
MONTHLY EXTRAS/OVERAGES	W&S INVOICE NO:		
		
BILL TO:	A/RC#	LWR	ORDERED BY:		
	Manatee	
COMPANY:  LWR 	TAX LOCATION:			
	7.00%	
ADDRESS: 	TAX PERCENTAGE:		
		
NOTES	I	PA Line Item #I 	QTY		I UNITS I	 DESCRIPTION OF WORK		I	 UNIT$		I EXTENSION $	
								
		220	47.00	If	AB Curb	$9.79	$460.13	
		240	10.00	sy	5' Concrete SW	$31.04	$310.40	
		310	10,455.00	sy	Sod	$3.54	$37,010.70	

								

								

								

								

								

								
								
SUBTOTAL	/	$3 7,781.23 '	

2713 Monthly Extras (2020.01) worksheet - Pgs 1 of 1

-	WOODRUFF & SONS, INC - WORKSHEET for EXTRAS
P.O. Box 10127, Bradenton, Florida34282-0127 ~ T# 941.756.1871 ~ F# 941.755.1379 ~ www.woodruffandsons.com
NAME	OF	JOB: Rangeland Parkway	JOB/WORK ORDER NO:	2713
JOB	LOCATION:  Off of Rangeland west of White Eagle	DATE:	Mar 19, 2020
NATURE  OF  JOB:	REFERENCE NO:
MONTHLY EXTRAS/OVERAGES	W&S INVOICE NO:

BILL TO:	A/RC#	LWR	ORDERED BY:
COMPANY: LWR	TAX LOCATION:	Manatee
ADDRESS :	TAX PERCENTAGE:	7.00%
NOTES	I	PA Line Item#[	QTY	I UNITS I	DESCRIPTION OF WORK	I	UNIT$	I EXTENSION $	
		310	7,927.00	sy	Sod	$3.54	$28,061.58

.----	
SUBTOTAL	/$  28,061.58	

 	 	

)

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Change Order No. 3 Woodruff & Sons, Inc.

Change Order
No. 	3	

Date of Issuance:      June 29, 2020	Effective Date:     July 10, 2020	

Project: Lorraine Road Master Water Main	Owner: Lakewood Ranch Stewardship District	Owner's Contract No.: 19-049/ 2727	
Contract: 323,632.70	Date of Contract: 11/11/2019	
Contractor: Woodruff & Sons, Inc.	Engineer's Project No.: 215614887	

The Contract Documents are modified as follows upon execution of this Change Order:

Description:

Height of Sarasota 16” OS&Y valve required it to be laid over on its side: this required the slab to be widened with additional fence to accommodate. Rev CVS Plans: gate valves between off-site & onsite utility work
Attachments: (List documents supporting change):
Woodruff & Sons P005 dated 6/1/20 and P0006 dated 6/23/20.

		
 	CHANGE IN CONTRACT PRICE:		 	CHANGE IN CONTRACT TIMES:		
Original Contract Price:	Original Contract Times:	 Working days	 Calendar days	
Substantial completion (days or date):     60 Days		
$ 323,632.70		Ready for final payment (days or date):   90 Days		
[Increase] [Decrease] from previously approved Change Orders No. 	1	to No. 	2	:	[Increase] [Decrease] from previously approved Change Orders No. 	1	to No. 	2	:	
Substantial completion (days):  		
$ 131,136.18		Ready for final payment (days):  		

Contract Price prior to this Change Order:	
Contract Times prior to this Change Order:		
Substantial completion (days or date):     60 Days		
$ 454,768.88		Ready for final payment (days or date):   90 Days		

[Increase] [Decrease] of this Change Order:	
[Increase] [Decrease] of this Change Order:		
Substantial completion (days or date):  		
$    5,499.80		Ready for final payment (days or date):  		

Contract Price incorporating this Change Order:	
Contract Times with all approved Change Orders:	
Substantial completion (days or date):      60 Days		
$ 460,268.68		Ready for final payment (days or date):   90 Days		

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\active\215614887\civil\construction_phase_documents\change_orders\received\con_lorraine-fm_master-wtr-meter_co-3_2459-52_os-y-valve_flip_addtnl-slab-fence_woodruff_ejcdc-c941_dsm_20200629.docx

EJCDC No. C-941 (2002 Edition)	Page 1 of 1
Prepared by the Engineers' Joint Contract Documents Committee and endorsed by the

OFFICIAL USE ONLY	
							 Job No:		 2027		
							 Control No:		 P005		
							 Log Date:		 	6/1/2020	
							 Invoice No:			
							 Change Order			

To:	Lakewood Ranch Stewardship District			Contact:	Roger Aman			
Address:	14400 Covenant Way			Tel No:	941-757-1571			
	Lakewood Ranch, FL 34202			Email:	roger.aman@lakewoodranch.co 	
Project Name:		Lorraine Road Master Water Meter			Bid No:	2019-0124			
Project Location:	Lorraine Road at Cow Camp Lane			Bid Date	: Thursday, August 02, 2018	
						
Item #		Item Description:	Estimated Quantity	Unit	Unit Price		Total Price	
This is a Change Order Request	
1.		Height of Sarasota 16" OS&Y valve required it to be	1.00	ls	$2,459.52		$	2,459.52	
 	
 			laid over on it's side; this required the slab to be widened to accommodate it. This added width also required additional fence.	

 	

 			 	

		

	

			

	

			

	

			

	

			

	

			

	

			

	

			

	

			

	

			

	

			

Total Price for above Items:	
$	2,459.52	
							Total Bid Price:		$	2,459.52	

Notes:	
									
										
										
										
		All material is guaranteed to be as specified. All work to be completed in a workmanlike manner according to standard	
practices. Any alteration or deviation from above specifications involving extra costs will be executed only upon written	
orders, and will become an extra charge over and above this proposal.	
Payment Terms:	Payment due within 30 days of date of invoice, regardless of when payment is made by Owner.		
ACCEPTED	:			CONFIRMED:					
The above prices, specifications and conditions are satisfactory and hereby accepted.			
Buyer:  		Woodruff & Sons, Inc.		

Signature:  		
Authorized Signature:				
Printed Name:							Donald P. Woodruff, President	
Date of Acceptance:  		Estimator:	Eric Epler (erice@woodruffandsons.com)	

WOODRUFF & SONS, INC - WORKSHEET FOR EXTRAS
P.O. Box 10127, Bradenton, Florida 34282-0127 ~ T# 941.756.1871 ~ F# 941.755.1379 ~ www.woodruffandsons.com

NAME    OF   JOB: Lorraine Force Master Water Meter	JOB/WORK ORDER NO: 		2027 JOB   LOCATION: Lorraine Road & Cow Camp Lane	DATE:	 Jun 01, 2020 NATURE  OF JOB: Water Main	REFERENCE NO:	 		P005
 	    W&S INVOICE NO:	 	

BILL TO:     A/R C#   Roger Aman	ORDERED BY:	 	Eric Epler COMPANY: Lakewood Ranch Stewardship District	TAX LOCATION:	 		Manatee ADDRESS: 1440 Covenant Way     Lakewood Ranch, FL 34202	TAX PERCENTAGE:	 			7.00%	
				14.00 lf	6' Chain Link Fence	$48.14	$673.96	
				31.50 sy	Added 6" Concrete for Meter Slab (46' x 6.16')	$46.50	$1,464.75	
				1.00 ls	Contractor OH&P	$320.81	$320.81	

										

										

										

										
									
SUBTOTAL	$2,459.52	
TAX %		
		TOTAL	$2,459.52	

DATE	WORKMAN	ITEM #	QTY	UNITS	DESCRIPTION OF WORK	UNIT $	EXTENSION $	

OFFICIAL USE ONLY	
							 Job No:		 2027		
							 Control No:		 P006		
							 Log Date:		 	6/23/2020	
							 Invoice No:			
							 Change Order			

To:	Lakewood Ranch Stewardship District			Contact:	Roger Aman			
Address:	14400 Covenant Way			Tel No:	941-757-1571			
	Lakewood Ranch, FL 34202			Email:	roger.aman@lakewoodranch.co 	
Project Name:		Lorraine Road Master Water Meter			Bid No:	2019-0124			
Project Location:	Lorraine Road at Cow Camp Lane			Bid Date	: Thursday, August 02, 2018	
						
Item #		Item Description:	Estimated Quantity	Unit	Unit Price		Total Price	
This is a Change Order Request	
1.		Revised CVS plans include gate valves for the water	1.00	ls	$3,040.28		$	3,040.28	
 			and force main at the connection point between the offsite utility work and the onsite work.	

 			 		

		

	

			

	

			

	

			

	

			

	

			

	

			

	

			

	

			

	

			

	

			

	

			

Total Price for above Items:	
$	3,040.28	
							Total Bid Price:		$	3,040.28	

Notes:	
									
										
										
										
		All material is guaranteed to be as specified. All work to be completed in a workmanlike manner according to standard	
practices. Any alteration or deviation from above specifications involving extra costs will be executed only upon written	
orders, and will become an extra charge over and above this proposal.	
Payment Terms:	Payment due within 30 days of date of invoice, regardless of when payment is made by Owner.		
ACCEPTED	:			CONFIRMED:					
The above prices, specifications and conditions are satisfactory and hereby accepted.			
Buyer:  		Woodruff & Sons, Inc.		

Signature:  		
Authorized Signature:				
Printed Name:							Donald P. Woodruff, President	
Date of Acceptance:  		Estimator:	Eric Epler (erice@woodruffandsons.com)	

WOODRUFF & SONS, INC - WORKSHEET FOR EXTRAS
P.O. Box 10127, Bradenton, Florida 34282-0127 ~ T# 941.756.1871 ~ F# 941.755.1379 ~ www.woodruffandsons.com

NAME    OF   JOB: Lorraine Force Master Water Meter	JOB/WORK ORDER NO: 		2027 JOB   LOCATION: Lorraine Road & Cow Camp Lane	DATE:	 Jun 23, 2020 NATURE  OF JOB: Water Main	REFERENCE NO:	 		P006
 	    W&S INVOICE NO:	 	

BILL TO:     A/R C#   Roger Aman	ORDERED BY:	 	Eric Epler COMPANY: Lakewood Ranch Stewardship District	TAX LOCATION:	 		Manatee ADDRESS: 1440 Covenant Way     Lakewood Ranch, FL 34202	TAX PERCENTAGE:	 			7.00%	
				1.00 ea	8" Gate Valve at WM (Contract Unit $)	$1,716.35	$1,716.35	
				1.00 ea	4" Gate Valve at FM	$1,323.93	$1,323.93	

										

										

										

										

SUBTOTAL	$3,040.28	
TAX %		
		TOTAL	$3,040.28	

DATE	WORKMAN	ITEM #	QTY	UNITS	DESCRIPTION OF WORK	UNIT $	EXTENSION $	

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Change Order No. 16
E.T. MacKenzie of Florida, Inc. 44th Ave East Phase V

Change Order
No.	16

Date of Issuance:        June  19, 2020	Effective Date:  _ J_uly_ 10 ,_2_0_2_0	_

Project   44th  Ave East Phase V	lo wner Lakewood Ranch Stewardship
I	District	Owner's Contract No..	
Contract: $12,964,432.65	Date of Contract: January 12, 2018	
c ontractor: E.T. MacKenzie of Florida, Inc.	Engineer's Project No.: 215613728	

The Contract Documents are modified as follows upon execution of this Change Order:

Description:

Additional lighting items: conduit F&I underground, insulated - aluminum, and pull box - roadside; cable distribution system; light pole comp-SGL, ARM SM, AL 35' (LED); & Conductor to copper per County.
Attachments: (List documents supporting change):
E.T. MacKenzie Change Orders No. 16 dated 6/12/2020.

 	CHANGE IN CONTRACT PRICE:	 	CHANGE  IN CONTRACT TIMES:	
Original Contract Price:	Original Contract Times:    D Working days	■ Calendar days
Substantial completion  (days or date):	135/ 230/ 350 Days
$   12 964 432.65		Ready for final payment (days or date):        2=-6 0 / 2=6-  0 / 3 80_D=-a=y s-    -    - 

(Increase] fDecrease] from previously approved Change (Increase) fDecrease) from previously approved Change Orders Orders No.	1	to No.	15	No.	1	to No. 1 5 ---
Substantial  completion (days)-:    -    -    - -   -	1 80 Da v s- - - -

Ready for final payment (days): ------ 1 8 0_D a v s ----

Contract Price prior to this Change Order:

Contract Times prior to this Change Order: Substantial completion (days or date):   

3_1_5_/__14_0_/5_3_D0_ay_s		_

$    13  334 517.77	

(Increase] fDecrease) of this Change Order:

Contract Price incorporating this Change Order:

Ready for final payment (days or date ): 44-'-'-'0'-'-/-'44 0/ 5=-6=-0c...=D-=a.,_ys=-----

(Increase) (Decrease] of this Change Order:
Substantial completion (days or date): -----'-0=----------
Ready for final payment (days or date): 	-0  ---------

Contract Times with all approved Change Orders:
Substantial completion (days or date):	315/ 410/ 530 Days

$      13 390 408.23		Ready for final payment (days or date): 440/_44 0 /5 6 0_D_a-=y-s - 

RECOMMENDED:

ACCEPTED :

ACCEPTED:

By	­
Engineer (Author ized Signature)

By: 	_
Owner (Authorized Signature)

Date:  _   _   _   _   _   _   _   _   _   _   _   _   _   _	Date: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Approved by Funding Agency  (if applicable): 	Date:

V:\2156\active\21 5613728\c ivil\construction _phase_documents\change_orders\44th_ph -5\con _44 -ave -e_5_co-16_55890-46_add-lighting-items_et-mackenzie_ejcdc_c941_kel_20200619.docx

EJCDC No. C-941 (2002 Edition)
Prepared by the Engineers' Joint Contract Documents Committee and endorsed by the Asso ciated General Contractors of America and the Construction Specifications Institute.

Page  I of 1

Work Authorization Request				

16	
E. T. MacKenzie of Florida, Inc.						
	6212 33rd Street E.							
	Bradenton FL. 34203							
(941) 756-6760	Fax: (941) 756-6698						
				Work Authorization Request No.		
						
Owner's Name			Phone	Date			
Lakewood Ranch Stewardship District		June 12, 2020	
Address			Job Name				Job Number	
14400 Covenant Way			4th Ave. East, Ph. Five		51716	
City	State	Zip	Address	
Lakewood Ranch	FL	34202		
Existing Contract No.	Date of Existing Contract	City	State	Zip	
You are hereby authorized to perform the following specifically described additional work:	
Description	Quantity	Unit Price	Extended Price	
			
C.O. #16					
					
ADDITIONAL LIGHTING ITEMS ADDED TO PROJECT					
Lighting - Conduit F & I, Underground	1,342	LF	$	4.50	$	6,039.00	
Lighting - Conductors F & I, Insulated - Aluminum	4,026	LF	$	1.00	$	4,026.00	
Lighting - Pull Box, F & I, Roadside	30	EA	$	450.00	$	13,500.00	
Lighting - Cable Distribution System	4	EA	$	500.00	$	2,000.00	
Light Pole Comp., SGL, ARM SM, AL, 35' (LED)	4	EA	$	4,850.00	$	19,400.00	
Conductor Cost Increase from Aluminum to Copper - Per Manatee County	
52,026	
LF	
$	0.21	
$	10,925.46	
		C.O. #16 Sub-TOTAL:	$	55,890.46	
					
	TOTAL of Changes:	$	55,890.46	
		Overhead & Profit :		
THE TOTAL CREDIT/COST FOR CHANGES NOTED ABOVE:	$	55,890.46	
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)			

Note: 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.	

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Change Order No. 1 SMR Farms, LLC Lorraine Road South

Project: Lorraine Road South

CHANGE ORDER

No.:_ --

Date of Iss uance:

-6=--1-6-=-2--0=---=-=-------

Effective Date:- - - - - - - - -

Owner: Lakewood Ranch Stewardship District
Owner's Contract No.: =1-0=-1=-8='--- - - - - - - - - - - -
Contractor: SMR Farms, LLC	Engineer:_ _ _ _ _ _ _ _ _ _ _ _ _ _ _

You are requested to make the following changes in the Contract Documents. Description:. Rip out 125,000sf of Bahia grass and dispose of waste.

Reason for Change Order: Bahia to be removed prior to Empire Zoysia being installed. Attachments: Change Order

Change in Contract Price
Orig inal Contract Price

$ 163 982.00

Net changes from prev ious Change Orders No._ To No._
$_ 	_ _ _ _ _ _ _ _ _ _ _ _

Contract Price prio r to this Change Order

$  163 982.00	

t,;-lnerease-fdecrease) of this Change Order
 -	750.00	\  	

Change in Contract Times
Orig ina l Contract Times
Substant ial Comp letio n:_ _ _ _ _ _ _ _ _ _ _
Ready for Fina l Payment:_ _ _ _ _ _ _ _ _ _ _
da ys o r dates

Net changes from  previous Change Orders No._	To No._

days

Contract Times prior to this Change Order
Substant ia l Comp letion:_ _ _ _ _ _ _ _ _ _ _
Ready for Final Paymen:t_ _ _ _ _ _ _ _ _ _ _
days or dates

Net Increase (decrease) of this Change Order

days

Contract Price with a ll approved Change Orders

$ 182. 732.00	

Recommended:

Approved:

Contrac t Times with all approved Change Orders

Substantial Complet ion:_ _ _ _ _ _ _ _ _ _ _
Ready for Final Paymen:t_ _ _ _ _ _ _ _ _ _ _
days or dates

<.::.._--- -... 

Accepted:
-	;.'::::.---  	-   ­ 

By:	 	'>1 -
.,.. Consultant ( uthorized Signnture )
Date: G- L,7:.- ?,Ot.O f½!AJ--

By _ _ _ _ _ _ _ _ _ _
Owner (Author ized Sign ature )

Date:_ _ _ _ _ _ _ _ _ _ _

By:_s: <?	-	-	-	-
Contractor (Authorized Sig nature)
Date:_	{p--	'   q'--d=t->=--d=O-

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Change Order No. 1 SMR Farms, LLC
Rangeland, Esplanade to Lorraine

CHANGE ORDER

P.rqJe·ct:  R.att.'gelahd.Espl·anade l0 Lo1Tai.ne .   ./,. 

No.:_ l 	

Date- 0Hssua11c :  4- 3 0 -2 0 		_	EffectJve p p:te·:---,- 	_

Ow.i1er: .Lake.Wood Ranch·s tewardsh ip J:>fsf:dct
·O.wnef'.s Contrac't'.No,1; -"l·""0.1.n..._,   -	-   -= 	­
Co11tracto1- : SMR1F  arms·,-,_LLC	Engi1;1eep 	=------==-------

Yoare i:¢q\1 ,5t d. tQ 111   the foliowin, g change.s in tbet::or1tta.c( Bociiments.
Desc;rip.1'io)l: Ad : J 1·C1·ap.Me  y,rtie, 2'9 So Re   Ceqar      ,

Reaso1+ fo.r han,g\; Orc;ler: chru1)tes:to orl:giifal. s.coP,e ofworl 	. ..-

Attacl:unents: CJ1ange Order

Ori&fnlll,.Gontfa, 'cl J'ifc"e,
$20j,$8');0{)

C,ll';inge :"ln	Contract Times
.Origin itl r1ti'lleFl'.im s
Si.Jbstanfoil,'.(;:otppl.et,ii?p: 	  

Ren y'fod l'Jnal P:ayment:·.--  -   -  --, ,---	-

_
- -

day•,a, ules·

l'fet  h.d9g   -fio' m.pr.e11io.us.'¢b    ge,Orders No._ T1l"No._
$ys.

Contrnci '.P'ri'el!'.·prior ra:ihfs :• b iiJi!ige·ortl  i:
:s20H8 .oo

C.p  _\rncf T.imcsJJl'ior'-ta:thfs Gbango.Qr'der
'S,µpS  ot[iµ  Co1J1g(Qtion::;,:-------- --
Ren'd¥ f or'P.iijnl·f aY;tq 1}t': 	.c.........,,--   ,-----
 	day•'a;,dole	

Contrac_l:Ti!f!:<;s m  t,l].i\tl :!1P.Pr\:)\! ed (;hq11ge-'.Qrµers
S. ,ost   f! JJ;ompl1io11.:  	_
Ready-forEin'Jil P' aymtiri't; 	-c---,-=----
<l•Y.•· or. d'!!os·

App.rove'cl:

A'ct:e  tea:-

.,	 	

.By:	& 
..,  -	tb'llO f<}
Date ;	tJ

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Change Order No. 2 SMR Farms, LLC
Rangeland, Esplanade to Lorraine

Project: Rangeland, Esplanade to L01rnine

CHANGE ORDER

No.:	2

Date of Issuance: =5---..2,=-=9-.-.-2.0.,'--    -       -       -       -	Effective Date:- - - - - - - - -

Owner: Lakewood Ranch Stewardship District
Owner's Contract No.: -1017- - - - - - - - - - - - -
Contractor: SMR Fanns, LLC	Engineer:_ _ _ _ _ _ _ _ _ _ _ _ _ _

You are requested to make the following changes in the Contract Documents.
Description: Add: 17 So Magnolia, 1 Sabal Palm, 29 Wax Myrtle, 140 Parsons Juniper, 4880sf Empire, 42.2CY mulch

Reason for Change Order: changes to original scope of work Attachments: Change Order

Change in Contract Price
Original Co ntract Price

$203 883.00	

Net changes from previous Change Orders No._!_ To No._l_
$ 14 575.00

Contract Price prior to this Change Order

Change in Contract Times
Original Contract Times

Substantial Completion:.	_ Ready for Final Payment:_ _ _ _ _ _ _ _ _ _ _
days or dates

Net changes from previous Change Orders No._	To No._

days

ContractTimes prior to this Change Order

$218 458 .00	

Substantial Completio n:_.

_ _ _ _ _ _ _ _ _ _

Ready for Final  Payment:·--     -    -	----,--  - - - - -
days or dates

Net lncrease (decrease) of this Change Order
$24449.40	

Contract Price with all ap proved Change Orders

$242 907.40	

Net lncrease (decrease) of this Change Order

days

Contract Times with all approved Change Orders Substantial Completion:_ _ _ _ _ _ _ _ _ _ _
Ready for Final Payment:_ _ _ _ _ _ _ _ _ _ _
days or dates

Recommended:
By: _ _ _ _ _ _ _ _ _ _
Consu ltant (Au thorized Signa ture)

Date: 	_

Approved:

By :_	-----::-	-	--   --   :-:	­
owner (Authorized Signature)

Date:_  _  _  _  _  _  _  _  _  _  _	Date:_   --'f.f--J-l

f--C--D---==--  -	-

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Change Order No. 2 Irrigation Design Associates, Inc.

·< .	' ..... ",.	' -	•

IRJUGATION OESfGN AS5OCIATES, INC.
License: IRR-94-10836

Irrigation Design Associates, Inc.
6175 Palmer Boulevard
Sarasota FL 34240
941-927-1279

Change Order
Order#: 2 v
Order Date: 04/23/2020

To: LAKEWOOD RANCH STEWARDSHIP DIS

14400 COVENANT WAY
BRADENTON FL 34202

The contractor agrees to perform and the owner agrees to pay for the following changes to this contract.
Ordered By:	Customer Order:

Project: 9021
44TH AVE EAST

LORRAINE RD TO BOURNESIDE DR

Plans Attached D
Specifications Attached D

Description of Work	Amount
REQUEST FOR CHANGE ORDER #2	-10,930.00 •.----

Notes
DEDUCT 1093 MAXIJET ASSEMBLIES FROM LANDSCAPE COVERAGE

Negative changes will lower the overall contract
price requiring no additional payment by owner.	Requested Amount of Change	10,930.00

The original Contract Sum was.............................................................................................................-......................................................
Net change by previous Change Orders ...................................................................- ......................................................................
The Contract Sum prior to this Change Order  ....................-... ........... 	 	
ThContract Sum will be changed by this Change Order  ............................................................--	................
The   new Contract Sum including this Change Order will be ...................................................................................
The  Contract Time will be changed by ...........---	.................- ............................................................................................

,,-p--

281,700.50
2,800.00
fr.4T5tl&:e°' .
30 .00
273,570.50
O   Days

Owner: 	-

Contractor:	 	

Date:  	

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Change Order No. 3 Irrigation Design Associates, Inc.

IRRIGATION DESIGN ASSOCIATES, INC.
License: IRR-94-10836

Irrigation Design Associates, Inc.
6175 Palmer Boulevard
Sarasota FL 34240
941-927-1279

Change Order
Order#: 3/
Order Date: 04/23/2020

To: LAKEWOOD RANCH STEWARDSHIP DIS

14400 COVENANT WAY
BRADENTON FL 34202

Project: 9021
44TH AVE EAST
LORRAINE RD TO BOURNESIDE DR

The contractor agrees to perform and the owner agrees to pay for the following changes to this contract.
Ordered By:	Customer Order:

Plans Attached 0
Specifications Attached  D

Description of Work	Amount

REQUEST FOR CHANGE ORDER #3	14,085.00 v
Notes
ADD 313 HUNTER PROS-12 SPRAYS TO LANDSCAPE COVERAGE

....REPLACES MAXIS THAT WERE DEDUCTED ON CHANGE ORDER #2 **

Negative changes will lower the overall contract price requiring no additional payment by owner.

Requested Amount of Change	14,085.00

The original Contract Sum was................................................._.................................................................................................	281,700.50	
Net change by previous Change Orders .................... ...........................................................................................................	-8,130 .00	
The Contract Sum prior to this Change Order ................................................................................................ 	273,570.50	
The Contract Sum will be changed by this Change Order ....................... .........................................................	G	,oas""6"  o	
The new Contract Sum including this Change Order will be  ...... 	.................................................	287,655.50	
The Contract Time will be changed by  ................................................................_................ 	............................	0	Days	

 	
Owner: - 	- 		Date:- - - - - - -

Contractor: - - - - - - - - - - - - - - - - -