w - Bartram Springs

Transcription

w - Bartram Springs

BARTRAM SPRINGS
Community Development District
DECEMBER 14, 2015
Bartram Springs
475 West Town Place, Suite 114, St. Augustine, Florida 32092
Phone: 904-940-5850 - Fax: 904-940-5899
December 10, 2015
Board of Supervisors
Bartram Springs Community
Development District
Dear Board Members:
The meeting of the Board of Supervisors of the Bartram Springs Community Development
District will be held Monday, December 14, 2015 at 8:30 a.m. at the Bartram Springs Club
Amenity Center, 14530 Cherry Lake Drive, Jacksonville, Florida. Following is the advance
agenda for this meeting:
I.
II.
Im.
N.
V.
VI.
VII.
VIII.
IX.
X.
XI.
XII.
XID.
XN.
XV.
Roll Call
Audience Comments
Approval of the Minutes of the November 9, 2015 Meeting
Presentation by MBS Capital Markets, LLC
Consideration of Resolution 2016-02, Declaring Special Assessments for Existing
Bonds
Consideration of Resolution 2016-03, Setting a Public Hearing on Special Assessments
for Existing Bonds
Consideration of Resolution 2016-04, Declaring Special Assessments for New Project
Consideration of Resolution 2016-05, Setting a Public Hearing on Special Assessments
for New Project
Architect's Update Regarding Capital Improvement Options
Update Regarding Easement Agreement with Comcast
Consideration of Bartram Springs Mission Statement
Other Business
StaffReports
A
Attorney
B. Engineer - Phase IV Mitigation Monitoring Report No. 9
C. Manager
D. Operation Manager - Memo
E. Amenity Manager - Memo
Supervisor's Request and Audience Comments
Financial Statements
A. Balance Sheet as of October 31, 2015 and Statement of Revenue & Expenditures
for the Period Ending October 31, 2015
B. Assessment Receipt Schedule
C. Approval of Check Register
XVI. Action Items for Follow-Up
XVII. Next Scheduled Meeting - January 11, 2016 at 6:00 p.m. @ Bartram Springs Club
Amenity Center
XVIII. Adjournment
Enclosed for your review and approval is a copy of the minutes of the November 9, 2015
meeting.
The fourth order of business is a presentation from MBS Capital Markets. A copy of the
document to be discussed is enclosed for your review.
The fifth, sixt~ seventh and eighth order of business is consideration of Resolutions 2016-02,
2016-03, 2016-04 and 2016-05, which will be distributed under separate cover.
The eleventh order of business is consideration of Bartram Springs Mission Statement, which is
enclosed for your review.
Enclosed under the Engineer's Report is a copy of the mitigation monitoring report.
Enclosed under the Operation Manager's report is a memorandum.
Enclosed under the Amenity Manager's report is a memorandum.
Enclosed are the fmancials, assessment receipt schedule and check registers.
The balance of the agenda is routine in nature and staff will give their reports at the meeting. In
the meantime, if you have any questions, please contact me.
Sincerely,
J~OLWer
James Oliver
Manager
cc:
Rich Whetsel
Scott Wild
Dan Fagen
Darrin Mossing
Danielle Simpson
Roy Deary
Louis Cowling
Carl Eldred
George Katsaras
Michael Eckert
2
Wes Haber
John Lucansky
AGENDA
Bartram Springs
Monday
December 14, 2015
8:30a.m.
Bartram Springs Club Amenity Center
14530 Cherry Lake Drive
Jacksonville, Florida
I. Roll Call
II. Audience Comments
Iill. Approval of the Minutes of the November 9, 2015 Meeting
IV. Presentation by MBS Capital Markets, LLC
V. Consideration of Resolution 2016-02, Declaring Special Assessments for
Existing Bonds
VI. Consideration of Resolution 2016-03, Setting a Public Hearing on Special
Assessments for Existing Bonds
VII. Consideration of Resolution 2016-04, Declaring Special Assessments for New
Project
VIII. Consideration of Resolution 2016-05, Setting a Public Hearing on Special
Assessments for New Project
IX. Architect's Update Regarding Capital Improvement Options
X. Update Regarding Easement Agreement with Comcast
XI. Consideration of Bartram Springs Mission Statement
XII. Other Business
Xill. Staff Reports
A. Attorney
B.
Engineer - Phase IV Mitigation Monitoring Report No. 9
C.
Manager
D.
Operation Manager - Memo
E.
Amenity Manager - Memo
XIV. Supervisor's Request and Audience Comments
XV. Financial Statements
A. Balance Sheet as of October 31, 2015 and Statement of Revenue &
Expenditures for the Period Ending October 31, 2015
B.
Assessment Receipt Schedule
C.
Approval of Check Register
XVI. Action Items for Follow-Up
XVII. Next Scheduled Meeting - January 11, 2016 at 6:00 p.m. @ Bartram Springs
Club Amenity Center
XVIII. Adjournment
MINUTES
MINUTES OF MEETING
BARTRAM SPRINGS COMMUNITY DEVELOPMENT DISTRICT
The regular meeting of the Board of Supervisors of the Bartram Springs Community
Development District was held Monday, November 9, 2015 at 8:30 a.m. at the Bartram Springs
Club Amenity Center, 14530 Cherry Lake Drive, Jacksonville, Florida.
Present and constituting a quorum were:
Kevin Colcord
Jay King
Roger Sulimirski
Marty Kaufman
Andrew Walden
Chairman
Vice Chairman
Supervisor
Supervisor
Supervisor
Also present were:
Jim Oliver
Carl Eldred
Louis Cowling
John Lucansky
DanFagan
Roy Deary
District Manager
District Counsel
Operations Manager
Vesta I Amenity Services Group
The following is a summary of the actions taken at the November 9, 2015 meeting, and
a copy of the proceedings can be obtained by contacting the District Manager.
FIRST ORDER OF BUSINESS
Roll Call
Mr. Oliver called the meeting to order at 8:30 a.m.
SECOND ORDER OF BUSINESS
Audience Comments
There being none, the next item followed
THIRD ORDER OF BUSINESS
Approval of the Minutes October 12, 2015
Meeting
On MOTION by Mr. Kaufman seconded by Mr. Colcord with all
in favor the Minutes of the October 12, 2015 meeting were
approved.
Bartram Springs CDD
November 9, 2015
FOURTH ORDER OF BUSINESS
Consideration of Proposals for Landscape
and Irrigation Maintenance Services
Six proposals were received for landscape and irrigation maintenance services. Mr.
Colcord and Mr. Cowling scored the proposals independently. Mr. Cowling discussed each
category and how many points were awarded each bidder in those categories. Under Category
1, Personnel, Austin, Duval, and Down to Earth each received 25 points, Valley Crest received
24, and LMP and Davey each received 22 points.
Under Category 2, Experience, Austin
received 27 points, Duval 26 points, Valley Crest 25 points, Davey 22 points, Down to Earth
27 points, and LMP 22 points. Under Category 3, Understanding Scope of Work, Austin
received 15 points, Duval 15 points, Valley Crest 14 points, Davey 15 points, Down to Earth
15 points, and LMP 14 points. Under Category 4, Pricing, they were all consistent in pricing.
All received 10 points except for Duval, which received 9 points. In summary, the total points
the bidders received were as follows: Austin Outdoor 94.6 points, Duval Landscape 96 points,
Valley Crest 91.5 points, Davey 84.1, Down to Earth 96.7, and LMP 86.97.
After discussion, the board ranked the proposals as follows: (1) Down to Earth, (2)
Duval, (3) Austin Outdoor, (4) Valley Crest, (5) LMP, and (6) Davey.
On MOTION by Mr. Colcord seconded by Mr. Walden with all in
favor to rank the Landscape and Irrigation Maintenance proposals
as follows (1) Down to Earth, (2) Duval, (3) Austin Outdoor, (4)
Valley Crest, (5) LMP, and (6) Davey was approved.
The expiration date for the current contract is September 30, 2016. A termination letter
will be sent to Valley Crest, and the new contract will be in effect 3 0 days after that.
FIFTH ORDER OF BUSINESS
Consideration of Resolution 2016-01,
Amending the Fiscal Year 2015 General
Fund and Capital Reserve Fund Budgets
Mr. Oliver stated this is part of the process for the audit of FYI 5 where we bring the
budget into balance. Some line items came in over budget and some under budget.
2
Bartram Springs CDD
November 9, 2015
On MOTION by Mr. Colcord seconded by Mr. King with all in
favor to adopt Resolution 2016-01 amending the General Fund
Budget and Capital Reserve Fund Budgets was approved.
SIXTH ORDER OF BUSINESS
Discussion of Program Revenue Sharing
Mr. Oliver stated in the agenda package is a copy of the check Amenity Services Group
submitted to the District in the amount of $5,322.56.
This is the revenue sharing for the
4th
quarter of Fiscal Year 2015.
SEVENTH ORDER OF BUSINESS
Ratification of Atlantic Coast Swim Team
Agreement
Mr. Oliver gave background information regarding the agreement.
Atlantic Coast
Swim Team was in an emergency situation for a short period without use of their regular pool
to prepare for the upcoming regional swim meets. Staff conferred with the Chair and made the
decision to move forward on a limited basis provided we had all the necessary
indemnifications and contractual language. There was zero expense to the District. We need
ratification of the agreement.
On MOTION by Mr. King seconded by Mr. Colcord with all in
favor to ratify the short-term swim team agreement with Atlantic
Coast Swim Team was approved.
EIGHTH ORDER OF BUSINESS
Update Regarding Series 2006
Refunding and Related Actions
Bond
Mr. Oliver stated he would like the underwriter to attend the December meeting and
kick off the process for the assessment. The underwriter will lay out the different scenarios in
terms of how much cash can be taken out to support the projects the board want to pursue and
what actions need to be taken to realize those. A public hearing will be set up for late January
or early February. Between the two meetings, the board will refine the projects and at the
public hearing meeting will take actions to approve all the necessary plans on the financing
side. More information on the bond side will be presented at the December meeting.
3
November 9, 2015
Bartram Springs CDD
NINTH ORDER OF BUSINESS
Architect's Update Regarding
Improvement Options
Capital
Mr. Colcord discussed the meeting he, Mr. Cowling, and Mr. Lucansky had with the
architect, Paul Basham, to talk about capital projects. The discussion included re-purposing
the current fitness room and constructing a new building for fitness. Mr. Basham will update
the conceptual plans.
TENTH ORDER OF BUSINESS
Update Regarding Easement Agreement
with Comcast
Mr. Eldred stated he had nothing more to report this meeting.
ELEVENTH ORDER OF BUSINESS
Other Business
There being none, the next item followed.
TWELFTH ORDER OF BUSINESS
A.
Staff Reports
Attorney
Mr. Eldred stated at the last meeting, he mentioned a couple of parcels were still in the
name of Sandler, the original developer, and identified non-developable parcels still owned by
Sandler. He spoke to the District Engineer to find out if there is any reason why the CDD
shouldn't take ownership of these parcels, and the Engineer stated the CDD should try to take
ownership. Counsel will contact Sandler to seek conveyance and will determine if cable runs
through these parcels.
1.
Realtor Sign Update
Mr. Eldred gave an update regarding the Realtor signs. The City of Jacksonville has
authority over sign placement in right-of-way. The COJ has an ordinance that provides for
directional Realtor signs, and it allows those signs to be located in the city's right-of-way for a
period of 48 hours, from 6:00 p.m. Friday until 6:00 p.m. Sunday. The Realtor must obtain a
permit. There is nothing the District can do in relation to those directional signs provided they
4
Bartram Springs CDD
November 9, 2015
are placed at the correct time and in the COJ right-of-way. An e-blast and website posting will
be done with a link to the City of Jacksonville regarding signage in the COJ right-of-way. The
City of Jacksonville would be the contact for complaints.
2.
Parking and Towing Update
Mr. Eldred reported regarding the parking issue on Cherry Lake Drive. Based on
photographs, the parked vehicle was on the city's right-of-way.
The CDD cannot dictate
parking policies and enforcement for City of Jacksonville's right-of-way. We can contact the
City to see if there is anything they can do. Mr. Sulimirski stated we did put a two-away sign
there, and the resident starting parking on their own front lawn between the mailbox and the
street, which now makes it a HOA situation.
B.
Engineer
Mr. Oliver stated Work Authorization #19 is for consulting engmeenng services
provided by England, Thims, and Miller in the amount of $5,000, which is the same as the
budget as last year.
On MOTION by Mr. Colcord seconded by Mr. Walden with all in
favor Work Authorization #19 from England, Thims, and Miller in
the amount of $5,000 was approved.
C.
Manager
Mr. Oliver had no report.
D.
Operations Manager
1.
Memo
Mr. Cowling presented the monthly operation manager's report located in the agenda
packet. The pool deck pavers will cost almost $7 ,000 for the cost of materials and does not
include labor.
It will probably cost over $12,000 total.
That item will be added to the
Engineer's report for capital projects. Mr. Cowling met with Mr. Basham regarding closing in
the cupola ceiling. One option is to put a ceiling in with new skylights or tube lights. Another
option is plexiglass.
The board felt a solid ceiling would be better.
coordinate getting price proposals.
5
Mr. Cowling will
Bartram Springs CDD
November 9, 2015
2.
Proposal from Environmental Services, Inc. for Fiscal year 2016
Mr. Cowling presented the quote from ESL
The amount for annual vegetation
monitoring for Phase III and IV is $2,000, and the maintenance is $3,200 for a total of $5,200.
On MOTION by Mr. Kaufman seconded by Mr. Walden with all
in favor the proposal from Environment Services Inc. for FY2016
in the amount of $5,200 was approved.
E.
Amenity Manager - Memo
Mr. Lucansky presented the monthly amenity manager's report, which is located in the
agenda packet. The holiday lights will be installed the week of the 16th. Signs for the dock
that state "stay off the rails" have been ordered. The grill is three years old, and one needs new
igniters. We can replace the burners and igniters in house and save money. We had 28 house
guest passes and received $280.
Mr. Oliver stated safety signage should be installed at the gas grill.
THIRTEENTH ORDER OF BUSINESS
Supervisor's Requests/ Audience Comments
Supervisor Requests
Mr. Colcord stated he wanted to look again at having staff present until 11 :00 p.m. for
fitness room monitoring. Currently kids who are underage and non-residents are using the gym
when there is no monitor. It could possibly cost $23,000 a year for extra staffing until 11 :00
p.m. After discussion, it was decided to monitor use in the evenings on a trial basis to see the
result.
On MOTION by Mr. King seconded by Mr. Walden with all in
favor to authorize a pilot program for 30 days for additional
staffing in evenings to eliminate unauthorized persons from using
fitness room was approved.
Mr. Kaufman asked if Bartram Springs had a Mission Statement, and stated he would
try to work something up.
6
November 9, 2015
Bartram Springs CDD
Mr. Walden asked if the announcement board could be moved closer so drivers can
read it. Getting another location for the board will be looked into.
Audience Comments
There being none, the next item followed
FOURTEENTH ORDER OF BUSINESS
A.
Financial Statements
Balance Sheet of as September 30, 2015 and Statement of Revenue &
Expenditures for the Period Ending September 30, 2015.
Mr. Oliver stated the financial statements are in the agenda package.
B.
Assessment Receipt Schedule
Mr. Oliver stated you are fully collected for FY15
C.
Approval of Check Register
On MOTION by Mr. Colcord seconded by Mr. Sulimirski with
all in favor the Check Register was approved.
FIFTEENTH ORDER OF BUSINESS
Action Items for Follow-up
Check with the accountant to determine if 4th quarter distribution from revenue sharing
was included in October financials.
Signage policy, will get more information and post to website and send an e-blast out.
Will find out who the COJ contact is.
Pavers are included in the Engineer's report.
Louis Cowling will work with architect on false ceiling situation and get quotes.
Mr. Kaufman will bring back to the board for discussion a proposed Mission Statement.
Pilot program for fitness room monitoring in the evening hours.
Mr. Eldred will prepare a notice of award letters for landscape proposal and termination
letter to Valley Crest.
Chair and architect will continue to work on architectural renderings for new building
and renovations to existing room.
The investment banker will be at the next meeting to go through different refinance
scenarios. Will start the process of setting a Public Hearing.
7
Bartram Springs CDD
November 9, 2015
Next Scheduled Meeting
SIXTEENTH ORDER OF BUSINESS
Mr. Oliver stated the next meeting will be December 14, 2015 at 8:30 a.m. at Bartram
Springs Club Amenity Center.
SEVENTTEENTH ORDER OF BUSINESS Adjournment
On MOTION by Mr. Colcord seconded by Mr. Kaufman with all
in favor the Meeting is adjourned.
Chairman/Vice Chairman
Secretary/Assistant Secretary
8
FOURTH ORDER OF BUSINESS
Bartram Springs Community
Development District
Presentation to the
Board of Supervisors
December 14, 2015
Presented by
MBS Capital Markets, LLC
TABLE OF CONTENTS
SUMMARY OF BONDS OUTSTANDING
Section 1
OVERVIEW
Section 2
DEVELOPMENT STATUS AND PROPOSED REFUNDING
- Series 2006 BONDS
Section 3
RATING CRITERIA
Section 4
FUTURE ACTIONS
Section 5
MSRB DISCLOSURES REGARDING UNDERWRITER'S ROLE
Appendix A
2
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Bonds Outstanding - December, 2015
Bartram Springs Community Development District
Series
Par Amount
Outstanding
at 11/1/2015
Coupon
Maximum
Annua l Debt
Service
Maturity
First Call Date
Series 2006
$18,235,000
4.75%
$1,435,669
51112034
51112016 @Par
5
Overview of Series 2006 Bonds
•
Bartram Springs Community Development District (the "District") issued its
$19,065,000 Specia l Assessment Bonds, Series 2003A Bonds (the "Series
2003A Bonds") in March, 2003, for the purpose of financing the acquisition and
construction of certain infrastructure including certain transportation, water and
sewer, drainage, parks and recreation, signage, entry features and wetland
mitigation improvements identified in the engineer's report totaling approximately
$16,380,000. The Series 2003A Bonds had a maturity of 5/1/2034 and a coupon
of 6.65°/o.
•
The Series 2003A Bonds were refunded in December of 2006 in the amount of
$23, 115,000 with the Series 2006 Special Refunding Bonds, which included
$884,000 of new money proceeds deposited to the construction fund for the
Series 2006 Project summarized below:
Series 2006 Project
Sports Facilities Improvements
Amenity Improvements
Landscape and Hardscape Improvements
Playground Improvements
Water Recreation Improvements
Security Equipment
Total
$287,000
442,000
63,000
26,000
60,000
6,000
$884,000
Overview of Series 2006 Bonds
•
The Series 2006 Bonds have a final maturity of May 1, 2034 and a coupon of
4.75o/o and will become currently callable on May 1, 2016 at Par. Given the
current development status of the community and current market conditions, the
Series 2006 Bonds may be structured for refunding for economic savings.
•
The Series 2006 Bonds have a debt service reserve fund requirement of the
lesser of:
1.
ii.
iii.
•
One half of the Maximum Annual Debt Service Requirement for all Outstanding Bonds,
125% of the average annual debt service for all Outstanding Bonds, or
10% of the principal amount of the Outstanding Bonds.
Currently the Debt Service Reserve Fund Balance Requirement is $1,064,700 (50% of
$2, 129,400). The Current Debt Service Reserve Fund Balance is $737,468 .15. The Debt
Service Reserve Fund is under funded by $327,232 . It is anticipated the refunding of the
Series 2006 Bonds will return the debt service reserve fund requirement to 50% of maximum
annual debt service, based on level annual assessments, a lesser amount, and eliminate the
current deficit in the account.
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Status of Development Bartram Springs
Series 2006 Assessment Area
Updated
Total
Assbl
Constructed
% Total
Units/sf Units/sf
a/o 2015 Constructed
278
278
278
100%
·-- --- - -------·
16
16
16
100%
Land Use
Town Homes
Tracts A&B
50'
60'
70'
456
--- 412
--290
---·-------- '·--·- -
--·-----~-
80'
Tract A
Totals
Residential (units)
Commercia l (sf)
---
r ,_, -•M '"•
-·
-
456
412
289
456
412
289
-----·--------------·--
·- · - _ _ ., __
100%
-100%
100%
-~----'
242
21,818
23,512
242
21,818
23,511
1,694
21,818
1,693
21,818
242
0
1,693
100%
0%
100%
0%
9
S & P Rating Criteria
The following items are major criteria considerations when Standard and
Poor's is considering a credit rating analysis for a special assessment
bond :
• District makeup and economic base - concentration of debt
• Method of assessment and collection - (on or off the tax roll)
•Value-to-debt ratios (typically above 7: 1 for investment grade)
• Lien position - (parity with ad valorem)
•Tax Certificate Sales
• Foreclosure/bankruptcy activity
• Debt Service Reserve
•Cash flow runs - coverage of delinquency of top 10 assessment payers
•Size of District
•Collection History
10
Concentration of Debt - 2015
Based on Updated Property Ownership
2
Property Owner
!l~r.!_r~m 5.e.~~~~~ Center, LLC_ _____
IH3 Property FL LP
Income Holdings LLC
_IH5 Property FL LP
2014 2 H Borrower LP
Product
Type
__Comm
Res
Res
# Units
21,818 sf
7
6
5,931.07
$5,936.82
$5,936.82
0.41%
----·--- ------- -----~~ -5 __ - - 4,603.50
Res
4
4,163 .02
4,258.24
3,850.79
$4,262.36
$3,854.52
_$4,262 .3.§_ _
$3,854.52
0.30%
0.27%
Res
_ ~es
Res
4
4
3
Federal Natl Mortgage Association
Progress Residential 2014 1 Borrower LLC
Total Top 10 Assessment Payers
All Other Assessment Payers
Res
Res
3
3
39
1,655
Total All Assessment Payers
2
Current
Total Series
2016
Debt
Series 2016
Service Current Debt
Projected
Revenues % of Total
(Gross)
Service (Net) Debt Service 1
(Net)
Debt
off roll
16,616.50
$16,632.59 _$].6~32_:~~ . _ ~:16_9'§ '
7,081.55
6,550.43
$6,556.78
$6,556.78
0.46%
6,411.97
IH2 Property FL LP
2014 1 H Borrower LP
______ __
Progress Residential 2015 1 Borrower LLC
1
2
1,694
3,930.75
3,635.94
$3,639.47
$3,639.47
0.25%
__ 3,321.75___$_3_, 324.92_ _____ ~_3_,_:?_?_4:~ ____
0.~~
3,264.34
3,019.51
$3,022.44
$3,022.44
0.21%
-~_591.0§_
3,262.28
2,922.61
3,017.61
$3,020.53
$3,020.53
2,703.41
$2,706 .03
$2,706.03
52,905.27
$52,956.51 " $52,956.51 "
1,381,008.33 $1,382,345.99 $1,382,345 .99
1,433,913.60
1,435,302.50 $1,435,302.50
0.21%
0.19%
3.69%
96.31%
100.00%
Based on Current Series 2006 Bonds and property ownership.
Property Ownership updated a/o November 10, 2015.
FY 2014-15 Net Assessments:
Total Net Assessed On Tax Roll
Total Net Assessed Off Tax Roll
98.84%
1.16%
100.00%
2006 Net Levy 2016 MADS
2016 Par
1,417,297.10
1,418,669.91
16,616.50
16,632.59_
1,435,302.50 $18,835,000
1,433,913.60
11
REFUNDING SCENARIOS
•
Scenario 1 - Refund Series 2006 Bonds, reflecting annua l savings to
the residents in reduced annual assessments due to lower interest
rates (a Bank Private Placement).
•
Scenario 2 - Refund Series 2006 Bonds, keeping current annual
assessments unchanged, generating new money from savings due to
lower interest rates to fund capita l projects (a Bank Private
Placement).
12
REFUNDING SCENARIOS
•
Scenario 3 - Refund Series 2006 Bonds, target no increase in annual
assessments, fund project fund for maximum amount possible
assuming: wrap around current debt service, extend final maturity for
new money portion (a Bank Private Placement).
•
Scenario 4 - Refund Series 2006 Bonds, target moderate increase in
annual assessments and a project fund not to exceed $1,386,000,
assuming: wrap around current debt service, extend current maturity
for new money portion, determine effect on annual assessments (a
Bank Private Placement).
13
Current Refunding Scenarios
The fo llowing table summarizes and compares four (4) refunding scenarios under current market conditions for a bank
private placement of the Series 2006 Bonds for the proposed refunding scenari os generating annual savings and various
new money proceeds objectives.
Estimated Par Amount ofRefunding Bonds
Structure
Estimated Average Coupon
Estimated MaxAnnua!Debt Service
Estimated NPV Savings%
Estimated NPV Savings$
Estimated Max Annual Debt Service Reduction$
Estimated Max Annual Debt Service Reduction%
Negative Arbitrage
Total Annual Savings
Final Maturity
1
Estimated DSRF Cash Requirement
CtrrrentDSRF Balance
Project Funds from Proceeds
TotalProjectedCostoflssuance, lnc!UW
Inc~a~_CQ_e~~~~e_)_i_n Par Amsi~t __________ _
$18,130,000
Bank PP
3.70%
$1 ,382,220
5.38%
$980,524
-$53 ,449
-3.72%
$0
$18,835,000
$19,450,000
$19,650,000
Bank PP
Bank PP
Bank PP
3.70%
3.70%
3.70%
$1 ,435,303
$1 ,430,993
$1 ,434,545
5.33%
5.70%
5.70%
$971 ,711
$1 ,039,364
$1 ,039,452
-$366
-$4,676
-$1 ,1 24
-0.03%
-0.33%
-0.08%
$0
$0
$0
$2,621 , 88~--- $1 ,6±_!,09.?___
$2,742,924
$2,749,816
5/1/2034
5/1/2034
5/1/2035
5/1/2036
$691 ,110
$717,651
$7 15,496
$717,273
$737,298
$737,298
$737,468
$737,468
$0
$651 ,304
$1 ,201 ,038
$1 ,386,000
$459,625
$468,438
$515 ,375
$518,875
-$1 Q ~ ~OQQ ___
J~Q_9 :QQ_Q __ _J].2_lj}!QQ_ ~1 5 ,0QQ___
MADS = Maximum Annual Debt Service
DSRF =Debt Service Reserve Fund
NPV =Net Present Value
14
Current Refunding - 2016
The fo llowing table illustrates the estimated refunding results under current market conditions for a Bank Private Placement
of the Series 2006 Bonds assuming a current refunding scenario generating no new money proceeds, targeting a decrease
in annual assessments to the residents. (Scenario 1)
•
-m-~
-- ---
SCENARIO 1
PROJ ECTED SE RI ES 2016 ASSESS M ENTS
· - - - - - - - - - --0.(_
Re
_f_u_n_d_ing Bonds - No New Mon ey)
Increase
(Decrease)
Total
Land Use
Town Homes
Tracts A&B
- - - - - --50'
60'
70'
80'
Tract A
Tota ls
1 Net
Units
278
16
456
412
289
242
21,818
23,511
Assbl
Units
Current
Series 2016
in Annual
% Increase
In Par
MADS
MADS per
MADS Per
(Decrease)
Debt Per
Unit
Per Unit
Unit
Per Unit
Unit
1
278
$254.69
$245.20
16
$254.69
$245.20
- - ·----·-· · - - - - - - - - - - 456
$800.50
$831.45
412
$937.63
$902.73
. 289
$1,042.79
$1,003.97
------242
$1,146.03
$1,103.37
21,818
$0.7625
$0.7341
23,511
of 7.5% allowed fo r D i sco ~~ ts
Decrease
-$9.48
-3.72%
-$9.48
-3.72%
-$30.95
-3.72%
-$34.91
-3.72%
-3.72%
-$38.82
----$42.67
-3.72%
-$0.03
-3.72%
-$18.63
-$18.63
-$60.81
-$68.58
-$76.27
-$83.82
-$0.06
-----~··-·----~--
a ~d-----·--·---·-·---··----------------------
15
Current Refunding - 2016
The foll owing table illustrates the estimated refunding results under current market conditions for a Bank Private Placement
of the Seri es 2006 Bonds assuming a current refunding scenario generating approximately $651, 304 in new money
proceeds, targeting no increase in annual assessments. (Scenario 2)
SCE NARIO 2
PROJECTED SERI ES 2016 ASSESS M ENTS
~~~~~~~~~~~~~~~~-
(Refun ding Bonds - M ove Savin gs to New Mon ey-No Change in Annu al Assessments)
Increase
(Decrease)
Total
Land Use
Units
Town Homes
278
16
Tracts A&B
.. -- -------·---- -··---··-----50'
456
60'
412
289
-70'
80'
242
21,818
Tract A
Tota ls
23,511
-iNet of-7.5%
Assbl
Units
Increase
Current
Series 2016
in Annual
% Increase
MADS
MADS per
MADS Per
(Decrease) Debt Per
Per Unit
Unit
1
278
$254.69
$254.62
16
$254.69
$254.62
-456
$831.24
$831.45
412
$937.63
$937.40
289
__$ 1,042.2_~__$ 1, Q.42.5~
242
$1,146.03
$1,145.74
21,818
$0.7625
$0.7623
23,511
a ll~~ed-f~~-i sc~ n ts~ a ~d-·--
-- -- ··-·· -·-
~--
Unit
Per Unit
-$0.06
-0.03%
-$0.06
-0.03%
-0.03%
-$0.21
-0.03%
-$0.24
-$0.27
-0.03%
---·--·
-0.03%
-$0.29
-0.03%
$0.00
In Par
Unit
$106.44
$106.44
$347.48
$391.86
$435.81
$478.95
$0.32
--·--·
16
Scenario 3 - Projected No Change in Annua l Assessments
CIP = $1,201,038
Maturity (2035)
SCE NARIO 3
PROJECTED SE RI ES 2016 ASSESS M ENTS
(N o In crease in An nu al Assessm ents= Proj ect Fu nd s of $1,201,038)
Increase
(Decrease)
Total
Land Use
Units
Assbl
Units
278
278
Tracts A&B
16
16
--------------,
-----·
1
50
456
456
1
60
412
412
1
70
289
289
----·-··------>1
80
242
242
Tract A
21,818
21,818
Tota ls
23,511
23,511
Town Homes
I
1
Current
Series 2016
in Annual
MADS
MADS per
MADS Per
Per Unit
Unit
1
$254.69
$253.86
$254.69 --------·-$253.86
$831.45
$828.75
$937.63
$934.58
$1,042.79 ·-· $1,039.39
$1,146.03
$1,142.30
$0.7600
$0.7625
Unit
-$0.83
-$0.83
-$2.71
-$3.05
-$3.40
-$3.73
$0.00
Increase
% Increase
In Par
(Decrease) Debt Per
Per Unit
-0.33%
-0.33%
-0.33%
-0.33%
-0.33%
-0.33%
-0.33%
Unit
$215.54
$215.54
$703.66
$793.52
$882.51$969.88
$0.65
----~--··------------
Net of 7.5% al lowed for Discount~- ~ ~d
17
Scenario 4 - Target Moderate Increase in Annual Assessments
CIP = $1,386,000
Maturity (2036)
SCENARIO 4
PROJECTE D SERIES 2016 ASSESS M ENTS
(M oderat e Increase in Annu al Assessments= Project Fund s of $1,386,000)
Increase
Total
Land Use
Town Homes
Tracts A&B
50'
60'
70'
80'
Tract A
Tot a ls
1
Units
Assbl
Units
278
16
456
412
289
242
21,818
23,511
278
16
456
412
289
242
21,818
23,511
Current
MADS
Per Unit
(Decrease)
Series 2016 in Annual
MADS per MADS Per
Unit
1
$254.69
$254.49
$254.69
$254.49
$831.45
$830.80
$937.63
$936.90
$1,042.79
$1,041.97
$1,146.03 _2_1, 145.14
$0.7625
$0.7619
Unit
-$0.20
-$0.20
-$0.65
-$0.73
-$0.82
-$0.90
$0.00
Increase
% Increase
In Par
(Decrease) Debt Per
Per Unit
Unit
-0.08% $251.02
-0.08% $251.02
-0.08% $819.48
-0.08% $924.14
-0.08% $1,027.78
-0.08% $1,129.53
-0.08%
$0.75
Net of 7.5% a ll owed for Discou nts a nd
18
Estimated Costs of Issuance
The following table compares the estimated costs of issuance expenses for a public offering and a bank private placement
of the Series 2006 Bonds for the proposed current refunding scenarios. Note, the expenses listed are estimated and have
not been confirmed with all consultants listed. Estimates are based on similar transactions during the last 12 months and
are subject to change based on the structure of the issue.
Estimated Costs oflssuance
Cost oflssuance
Bank's Counsel
Bank Origination Fee
Disclosure Counsel
B<:>_~c!__Counsel __
District Counsel
Trustee's Fees and Costs
Trustee's Counsel and Expenses
District Manager
Assessment Consuhant
Rating Agency
Placement Agent Fees
Underwriter's Discount
___________
Verification Agent
Contingency
Total
Estimated Par Amount
Placement Agent at 1.25%
Consultant
Public Offering
Refunding New Money
Private Placement
Refunding
New M oney
$2,750
$2,750
$90,200
$8,050
$22,400
$22,400
$29,000
Greenberg Trauriz.____·---·-----~29,000 _______$29,000
$25,000
$35,000
$25,000
Hopping Green & Sams
US Bank
$8,816
$5,975
$8,816
Holland & Knight
$3,000
$3,000
$3,000
GMS
$6,250
$6,250
______$6,250 -GMS
$7,500
$7,500
$7,500
S&P
$9,000
$9,000
$225,500
MBS Capital Markets, LLC
MBS CapitalMarkets,LLC
~231 ,5_? 3 -----~2l ~Q9_ _ _ _ _ _
Causey Demgen & Moore
$1,750
$1,750
Rounding
$1,784
$3,275
$934
$142,400
$400,700
$346,063
·-
·--------·
$18,525,000
$231,563
$1,680,000
$21,000
$18,040,000
$225,500
Stand Alone
Refunding
$5,500
$90,650
$29,000
$35,000
$5,975
$3,000
$6,250
$7,500
$20,1 25
$525
$118,175
$1,610,000
$20,125
r
$58,000
$25,000
$8,816
$6,000
$12,500
$15,000
$0
$226,625
$0
$1,750
$9,784
$459,625
$18,130,000
$226,625
19
0
N
"'c:
0
Refunding Process - Current Refunding (2016)
•
Prepare Credit Package (in process) for credit rating/bank
placement for Series 2016 Refunding Bonds to secure lowest
possible interest rates.
•
Bring refunding
consideration.
•
Commence Assessment Notice Process for Series 2016 Refunding
Bonds.
•
Prepare Series 2016 Refunding Bond documents (offering
document, indenture etc.) concurrently with the Assessment Notice
Process.
proposal/term
sheet
back
to
Board
for
21
Timetable - Current Refunding (2016)
•
Dec. 14 - Begin Assessment Process
1. Approve Engineer's Report
2. Approve Assessment Methodology Report
3. Schedule Public Hearing (30 days mailed notice)
•
Jan . 21 - Public Hearing on Assessments - CIP Plan
•
Week of Jan 25 - Price and Sell Bonds
•
Week of Feb 1 - Finalize Documents
•
Feb 8 - Pre-closing on Bonds
•
Feb 10 - Closing on Bonds
22
(V')
N
<C
-c><
z
w
a..
a..
<C
Disclosures Regarding Underwriter's Role - MSRB Rule G-17
Disclosures Concerning the Underwriter's Role
(i)
Municipal Securities Rulemaking Board Rule G-17 requires an underwriter to deal fairly at all times with both municipal
issuers and investors;
(ii)
The Underwriter's primary role is to purchase securities with a view to distribution in an arm's-length commercial
transaction with the District and it has financial and other interests that differ from those of the District;
(iii) Unlike a municipal advisor, the Underwriter does not have a fiduciary duty to the District under the federal securities laws
and is, therefore, not required by federal law to act in the best interests of the District without regard to its own financial
or other interests;
(iv)
The Underwriter has a duty to purchase securities from the District at a fair and reasonable price, but must balance that
duty with its duty to sell municipal securities to investors at prices that are fair and reasonable; and
(v)
The Underwriter will review the official statement for th e District's securities in accordance with; and as part of, its
responsibilities to investors under the federal securities laws, as applied to the facts and circumstances of the
transaction.
Disclosure Concerning the Underwriter's Compensation
Underwriter's compensation that is contingent on th e closing of a transaction or the size of a transaction presents a conflict of
interest, because it may cause th e Underwriter to recommend a transaction that it is unnecessary or to recommend that
the size of the transaction be larger than is necessary.
24
Disclosures Regarding Underwriter's Role - MSRB Rule G-17 (cont'd)
Conflicts of Interest
Payments to or from Third Parties. There are no undisclosed payments, values, or credits to be received by the
Underwriter in connection with its underwriting of this new issue from parties other than the District, and there are no
undisclosed payments to be made by the Underwriter in connection with this new issue to parties other than the District
(in either case including payments, values, or credits that relate directly or indirectly to collateral transactions integrally
related to the issue being underwritten). In addition, there are no third-party arrangements for the marketing of the
District's securities.
Profit-Sharing with Investors. There are no arrangements between the Underwriter and an investor purchasing new issue
securities from the Underwriter (including purchases that are contingent upon the delivery by the District to the
Underwriter of the securities) according to which profits realized from the resale by such investor of the securities are
directly or indirectly split or otherwise shared with the Underwriter.
Credit Default Swaps. There will be no issuance or purchase by the Underwriter of credit default swaps for which the
reference is the District for which the Underwriter is serving as underwriter, or an obligation of that District.
Retail Order Periods. For new issues in which there is a retail order period, the Underwriter will honor such agreement to
provide the retail order period. No allocation of securities in a manner that is inconsistent with an District' s
requirements will be made without the District's consent. In addition, when the Underwriter has ag reed to underwrite a
transaction with a retail order period, it will take reasonable measures to ensure that retail clients are bona fide.
Dealer Payments to District Personnel. Reimbursements, if any, made to personnel of the District will be made in
compliance with MSRB Rule G-20, on gifts, gratuities, and non-cash compensation , and Rule G-17, in connection with
certain payments made to, and expenses reimbursed for, District personnel during the municipal bond issuance
process .
25
ELEVENTH ORDER OF BUSINESS
MISSION STATEMENT OF THE
THE MISSION OF THE BOARD OF SUPERVISORS IS TO MANAGE THE RESOURCES
FOR THE BARTRAM SPRINGS COMMUNITY DEVELOPMENT DISTRICT
RESPONSIBILY, IN ORDER TO ENHANCE THE QUALITY OF LIFE OF ITS RESIDENTS,
BY PROVIDING SUPERIOR AMENITIES AND SERVICES IN AN
EFFICIE~TAND
EFFECTIVE MANNER.
f :;,.·
\
COST-
TO ACHIEVE OUR MISSION, THE BARTRAM SPRINGS COMMUNITY DEVELOPMENT
DISTRICT (CDD) ADHERES TO THE FOLLOWING PRINdpLES:
\
\ .
)
*CONDUCT THE PUBLIC'S BUSINESS IN A MANNER THAT IS LEGAL, ETHICAL,
:
\
.
ANO OPEN TO ALL.
RESPONSIVE, EQUITABLE AND ACCESSIBLE
WE RECOGNIZE
THAT THE DISTRICT RESIDENTS ARE THE FdUNdATION FOR THE ESTABLISHMENT
f '
r
OF THE CDD.
j'
/
l - ./-_
)
'
~
, / '\
, ;, .
'\ __ .>·
*ASSURE FINANCIAL INTEGRITY BY, EXERCISING THE HIGHEST STANDARDS OF
AC~OUNTABILITY.
i '
FINANCIAL STEWARDSHIP AND
':
i
I ;
:
\
\
}'
,
( /
,/-:
*PROMOTE EFFECTIVE AND RESPONSIVE BOARD DECISION-MAKING.
\
'•
""
'"
</
\.
"'
.
*FOSTER AN ACCESSIBLE
AND\RESPONSIVE
PROCESS FOR DISTRICT RESIDENTS TO
(
·:·,
i
\,_· ___-,
ACTIVELY SEBKAND VAL UE IN~UT FROM THE SAME.
1
\
*IMPROVE
,\
,1
!
'
DIST~ICT RESlbENTS'
UNDERSTANDING OF THE ROLE AND STRUCTURE
OF DISTRICT G6VERNANCE AND OPERATIONS.
\·\,
-
/
*EVALUATE AND PRIORITIZE THE NEEDS OF THE COMMUNITY ON A CONTINUAL
BASIS AND DURING THE ANNAUL BUDGETING PROCESS.
Proposed by Supervisor Martin Kaufman, November 17, 2015
THIRTEENTH ORDER OF BUSINESS
B.
ENVIRONM ENTAL SERVICES, INC
7220 Financial Way, Suite I 00
Jackso nville , FL 32256
Phone 904-4 70-2 200
* Fax 904-4 70-2112
www .environmentalservicesin c .com
11November2015
Bartram Springs Community Dei"eliJpment p istrict
\Jlw Co I tl\...c(
c/o Mr. J~e Hernande&
Government Management Services, LLC
475 W. Town Place, Suite 114
St. Augustine, Florida 32092
K-e
RE:
Bartram Springs Phase IV
Mitigation Monitoring Report No. 9
Dear Mr. Hernandez:
Enclosed you will find the ninth annual wetland mitigation monitoring report for the on-site wetland
creation and trail road restoration efforts for Phase IV of the Baitram Springs residential development to
be submitted to the U. S. Anny Corps of Engineers (ACOE) . The areas were monitored on 20 August
2015.
Survivorship of planted species within all creation and restoration areas has remained with compliance of
the associated permit success criteria. All remaining planted species appear to be establishing well and
are expected to continue to trend towards meeting success criteria. All other aspects of the creation and
restoration areas are also within compliance of the associated permit success criteria. Next year's
monitoring report (Fall 2016) will be the final monitoring report required to be submitted.
As you know, the SJRWMD previously deemed the areas successful and no longer requires the submittal
of monitoring reports. Therefore, this year's monitoring report will only be submitted to the ACOE.
ESI will continue to monitor and maintain these areas in order to ensure permit compliance in the future.
Please contact me at your earliest convenience if you have any comments or questions regarding this
report.
Sincerely yours,
ENVIRONMENTAL SERVICES, INC.
/(('~?
~~¥ ~4-~~.~
/)
Ryin Taylor
Senior Manager
Attachments
RRT/enc/EJ 13286/EJ 1544 7.00 .client lett er.doc
S: pn 11 115f
FLORIDA
GEORG IA
NORT H CARO LINA
O HI O
ENVIRONMENTAL SERVICES, INC
7220 Financial Way, Suite 100
Jacksonville, FL 32256
Phone 904-4 70-2200
* Fax 904-4 70-2112
www.environmentalservicesinc.com
11November2015
Ms. Dianne Griffin
U.S. Army Corps of Engineers
Post Office Box 4970
Jacksonville, Florida 32232-0019
RE:
ACOE Permit Number SAJ-2001-6224 (MOD-BAL)
Dear Ms. Griffin:
Environmental Services, Inc. (ESI) is submitting the enclosed monitoring report for the on-site wetland
creation and trail road restoration efforts for Phase IV of the Bartram Springs residential development.
The area was monitored on 20 August 2015.
Survivorship of planted species within all creation and restoration areas is currently within compliance.
All remaining trees appeared healthy at the time of monitoring and displayed signs of new growth. Both
the creation and restoration areas appear to be establishing as mature systems and are expected to meet
the permit success criteria following the final monitoring event to take place next fall.
Desirable wetland groundcover species have continued to populate throughout the creation and restoration
areas. All aspects of the creation and restoration areas are currently within compliance and are expected
to trend towards success. ESI will continue to monitor and maintain these areas in order to ensure permit
compliance in the future. Please contact me at your earliest convenience if you have any comments or
questions regarding this report.
Sincerely yours,
"/)
1\~~N
Ryan Taylor
Senior Manager
Attachment
xc:
Jose Hernandez
RR T/enc/EJ 14230.00/EJ 1544 7.00.ACOEletter.doc
S:pfl 111!5F
FLORIDA
GEORGIA
NORTH CAROLINA
OHIO
MITIGATION MONITORING REPORT NO. 9
BARTRAM SPRINGS PHASE IV
DUVAL COUNTY, FLORIDA
Fall 2015
For
EJl 4230.00/EJ15447 .00
Jacksonville, Florida 32256
904-470-2200
Bartram Springs Phase IV Mitigation Monitoring Report No. 9
ACOE Permit No. SAJ-2001-6224 (MOD-BAL)
SJRWMD Permit No. 4-031-80424-3
Supplied by:
Jacksonville, Florida 32256
904-470-2200
On behalf of:
Environmental Services, Inc. (ESI) is submitting the enclosed monitoring report for the on-site
wetland creation and trail road restoration efforts located within Phase IV of the Bartram Springs
residential development. The area was monitored on 20 August and 20 October 2015.
Bartram Springs is located in Duval County, west of Philips Highway, north of Racetrack Road,
and east of Interstate 95. More specifically, the site is located in Sections 28, 29, 32, and 33,
Township 4 Sand Range 28 E. There are approximately 6.34 acres of wetland creation and 0.40
acres of trail road restoration provided as mitigation for wetland impacts associated with the
construction of Phase IV of the Bartram Springs residential development [U.S. Army Corps of
Engineers (ACOE) Permit No. SAJ-2001-6224 (MOD-BAL); St. Johns River Water
Management District (SJRWMD) Permit No. 4-031-80424-3]. The wetland creation consists of
three separate areas. Creation Areas 1 and 2 can be accessed via Shade Hill Road and White Tip
Road within Bartram Springs. Creation Area 3 is located west of Alamosa Circle along the
northwestern boundary of Bartram Springs. The trail road restoration consists of two areas.
Restoration Area 1 is adjacent to Creation Area 1 and Restoration Area 2 is located along the
eastern border of Creation Area 3. Planting was completed in April of 2007.
Survivorship of planted species within the creation areas were determined to be within
compliance of the associated permit success criteria. Both restoration areas were also
determined to have survivorships at or greater than the required 80 percent. The current status of
these areas is discussed further in the report.
Groundcover within the creation and restoration areas was estimated to be 90 percent or greater
and hydrologic conditions appear to be assimilating into the surrounding wetland preservation.
Torpedo grass (Panicum repens) was the only Florida Exotic Pest Plant Council (FEPPC)-listed
invasive species that was present within the mitigation areas during this monitoring event, which
is further discussed in the results and conclusions section. This area will continue to be
monitored and maintained to ensure permit compliance in the future.
I.
REQUIREMENTS AND METHODOLOGY
The wetland creation and trail road restoration within Bartram Springs was planted at a density
of 436 stems/acre and is required to be monitored annually for a minimum of five years per
SJRWMD permit requirements and 10 years per ACOE requirements. At the end of the
monitoring period, the areas will be deemed successful if the creation and restoration areas
exhibit a survivorship of 80 percent of planted species and FLEPPC-listed invasive species
constitute less than 10 percent of total groundcover. Wetland Creation Areas 1 and 2 shall be
monitored via 25-foot wide belt transects constituting 10 percent of the total acreage of an
individual area. Creation Area 3 and Restoration Areas 1 and 2 shall be monitored via 100
percent pedestrian survey.
Live stems within each area or transect shall be counted and compared to the original number of
trees planted to determine overall survivorship. Growth assessment and relative health of
planted stems shall be observed as well. Herbaceous groundcover shall be determined by visual
estimation. Photographs shall be taken from fixed photo points to document any changes that
may occur and any detrimental issues shall be noted. Wildlife usage in and around each area
shall also be observed and recorded.
II.
RESULTS AND CONCLUSIONS
Results of the ninth monitoring event for the Bartram Springs Phase IV on-site wetland creation
and trail road restoration can be found in the attached EN-55 forms. A separate form was
prepared for each individual area.
Survivorship of planted species within the monitoring transects of Creation Areas 1 and 2 were
determined to be 81 and 94 percent, respectively. All remaining planted species appeared
healthy at the time of monitoring and exhibited signs of new growth. Additionally, planted
cypress (Taxodium distichum) located within the depressional portions of the creation areas also
displayed extensive buttressing.
Survivorship within Creation Area 3 was determined to be 80 percent. This area was replanted
during the 2012-2013 planting season and has continued to establish. All remaining planted
species appeared healthy and displayed signs of new growth. This area is now within compliance
as desirable wetland groundcover species have continued to populate throughout the creation
area and desirable wetland hydrology is present.
Herbaceous groundcover within Creation Areas 1, 2, and 3 was estimated to be in excess of 90
percent, and consisted of similar species throughout all three areas. Desirable herbaceous
species present within the creation areas included yellow canna (Canna flaccida), soft rush
(Juncus effitsus), redroot (Lachnanthes caroliniana), pickerelweed (Pontederia cordata),
maidencane (Panicum hemitomen), asian coinwort (Centella asiatica), sawgrass (Cladium spp.),
The FLEPPC-listed
spikerush (Eleocharis spp.), and yellow-eyed grass (Xyris spp.).
exotic/invasive species torpedo grass was noted in Creation Area 2 and accounted for
approximately 5 percent coverage; the nuisance species fennel (Eupatorium capillifolium) was
also present and was estimated at approximately 5 percent coverage within Creation Areas 1 and
2 as well as Restoration Area 2. Both torpedo grass and dog fennel are currently within permit
compliance with regard to the approximate percent coverage. ESI will continue to monitor and
maintain the presence of invasive and nuisance plant species through regular inspections and
maintenance events in order to ensure permit compliance in the future.
Survivorship within Restoration Area 1 and 2 were determined to be 100 percent and 80 percent
respectively. All remaining species appeared healthy at the time of monitoring and have become
well established. Herbaceous groundcover within the two areas was estimated to be between 90
and 95 percent. Predominant herbaceous species within the two areas included redroot, hat pins
(Eriocaulon spp.), maidencane, asian coinwort, pickerelweed, spikerush, and fetter bush (Lyonia
lucida).
Overall, the on-site wetland creation and trail road restoration efforts for Bartram Springs Phase
IV appear healthy and are progressing well. All aspects of the creation and restoration areas are
currently within permit compliance. Furthermore, these areas are expected to meet the success
criteria for the final year of monitoring which is to take place in Fall 2016.
RRT/enc/EJ14230.00-EJ15447.00.report.doc
S:pfl 111 !SF
ST. JOHNS RIVER WATER MANAGEMENT DISTRICT
ANNUAL WETLAND MONITORING REPORT (EN-55)
Date:
Permit#
Project Name:
Associated Permit #
11 November 2015
4-031-80424-3
Date mitigation planting completed:
Date( s) of mitigation site inspection:
SAJ-2001-6224 (MOD-BAL)
April 2007
20 August and 20 October 2015
Complete the following table (a separate table must be completed for each mitigation site within the project area;
include site ID for multiple sites): Creation Area 1
STRATA
APPROX.
COVER
Trees*
PERCENT
SURVIVAL
SPECIES
81%
Taxodium distichum, Acer rubrum, Magnolia virginiana,
Quercus virginiana, Quercus nigra, Liquidambar
styraciflua
Shrubs*
Enhancement
Area
Ground
Cover*
Upland
Buffer**
Nuisance I
Exotic Species
*Within wetland areas. ** Planted upland buffer only.
rppr~:te witer d~/~ readrs to be taken rery other mor and referenr to NGVD.
Please attach the following:
- A depiction of the mitigation area and photographic documentation of the site. Label each photograph and
the corresponding location on the depiction to indicate the direction the photographer was facing and
generally describe the view. The photographic stations must be in the same location throughout the entire
monitoring period.
- A narrative of any problems, remediation, or exceptional progress encountered during this monitoring
period (note location of attached depiction if necessary); and,
-Was replanting necessary since the last report?_no_If yes, provide a list and
quantity of each species planted and note the location on the depiction of the area.
- List dates and control methods of exotic I nuisance species removal.
- A narrative identifying the methodology used for data collection.
I certify that the above information is true andi'a'c al.
Ryan Taylor
Printed Name
lp\J~~
Signature
11November2015
Date
Date:
Permit#
Project Name:
Associated Permit #
11November2015
4-031-80424-3
Bartram Springs Phase N
SAJ-2001-6224 (MOD-BAL)
April 2007
Date(s) of mitigation site inspection:
STRATA
APPROX.
COVER
Trees*
PERCENT
SURVIVAL
94%
SPECIES
styraciflua
Shrubs*
Enhancement
Area
Ground
Cover*
Upland
Buffer**
Panicum repens, Eupatorium capillifolium
Nuisance I
Exotic Species
*Within wetland areas. **Planted upland buffer only.
rppr~~~te
Ter d;r;: readr
to be taken Ivery other
mor and
referenr to
NGVD.
monitoring period.
-Was replanting necessary since the last report?_!!Q_Ifyes, provide a list and
I certify that the above information is true an
Ryan Taylor
Printed Name
Signature
11November2015
Date
Date:
Permit#
Project Name:
Associated Permit #
11 November 2015
4-031-80424-3
SAJ-2001-6224 (MOD-BAL)
April 2007
STRATA
APPROX.
COVER
PERCENT
SURVIVAL
80%
Trees*
SPECIES
styraciflua
Shrubs*
Enhancement
Area
Ground
Cover*
Upland
Buffer**
Nuisance I
Exotic Species
IPP'F;r T'
d~:! reaigs to be taken rery other
mTand
refereT to NGVD.
monitoring period.
-Was replanting necessary since the last report?_JlQ_Ifyes, provide a list and
I certify that the above information is true and f:
Ryan Taylor
Printed Name
Signature
11November2015
Date
Date:
Permit#
Project Name:
Associated Permit #
11 November 2015
4-031-80424-3
SAJ-2001-6224 (MOD-BAL)
April 2007
include site ID for multiple sites): Restoration Area 1
STRATA
APPROX.
COVER
Trees*
PERCENT
SURVIVAL
100%
SPECIES
styraciflua
Shrubs*
Enhancement
Area
Ground
Cover*
Upland
Buffer**
Nuisance I
Exotic Species
T' d;r:! reaigs to be taken iery other mTand refereT to
lpprE:te
NGVD.
monitoring period.
-Was replanting necessary since the last report?_JJQ_If yes, provide a list and
I certify that the above information is true and f~
Ryan Taylor
Printed Name
11 November 2015
Date
Date:
Permit#
Project Name:
Associated Permit #
11November2015
4-031-80424-3
SAJ-2001-6224 (MOD-BAL)
April 2007
include site ID for multiple sites): Restoration Area 2
STRATA
APPROX.
COVER
PERCENT
SURVIVAL
80%
Trees*
SPECIES
styraciflua
Shrubs*
Enhancement
Area
Ground
Cover*
Upland
Buffer**
Nuisance I
Exotic Species
T'
rppi=~te
d~/~
reaigs to be taken Ivery other mTand referenr to
NGVD.
monitoring period.
-Was replanting necessary since the last report?J!Q_If yes, provide a list and
I certify that the above information is true and f:
Ryan Taylor
Printed Name
Signature
11November2015
Date
-·
-lo ·
;--- · ·
--) -
0
1,000
~ · •• •- r -'t
·.. . .... -
..
. e ..
"'4 t
;'1
·
2,CCO
Feet
Source(s): USGS Topographical Survey,
Durbin (1992) and Orangedala (1993), FL. Qua~les.
'
-~
Olsciaimer. Tho tifoon111on doplotod on 11•.• l'oguro Is for coocoplual
purposes on ly, sorvn to aid a llconsed engme!X or gc~oglst in
rendering professional sorvlcos, and is subject to re~ew and
appmvai by apPf"Oprlatmregulatory agondes.
ENVIRONMENTAL
SERVICES, INC.
7Wl Rna oeial way, SUlo 100
JocJ<>on11ma, Florida 3225'!
(904) 47().2200
(904) 470.2112 Fax
www7n:'1roM1enta/$trvkeJJnc.com
File: Q :\...Proj ecls\MJ\2009\009\0~\loe.mxd Prio1ed: 10/141200910:26 om
I
Project Location
Duval County, Florida
Project:
MJ09009.00
Date:
Drwn/Chkd:
Figure :
Oct. 2009
PG/JRN
I
I
'
I
I
I
I
I
I
I
C1, 2.62 ac. :t
I
J
I
I
J
I
-
Project Boundary
~ Wetland Preservation (13.56 ac. ±)
l!illl Wetland Creation (6.34 ac. :I:)
iE!iJl&I Wetland Restoration (0.40 ac. ±)
Upland Buffers (26.11 ac. ±)
GJ Previously Permitted Mitigation Areas
~ Wetland Creation for Future Impacts
(1.43 ac. ±)
0
400'
800'
Feet
Dlaclalmer. Th• lnfoonaHon deplded on lllit ligure is for
ooncaptual porposes only,.....,.. to aid a 11""'1&e(I engineer
or geolaglst In renderlng professional ~Ma!s. and rs subled
lo review and approval by appropriala raguatory agandea.
Mitigation Map
ENVIRONMENTAL
SERVICES, INC.
7220 Flnandal Way.Sulla 100
Ja_,,.,me, Florido 3225&
(904) 470.2200
(!104)47().2112FAX
~.envlronmonta
Q:\_Prt>jecbl\MJ\2009l009100\ftg\MIHgation_Map,dwg, 10/141200910:32:05AM. HPl..uerJat5100PCL6, 1:1, ESI, PG
Project:
MJ09009.00
Date:
Drwn/Chkd:
Figure:
Oct. 2009
PG/JRN
2
-w
R1, 0.22 ac. ±
w
w
w
w
w
w
25' Transects
~ Wetland Creation Area
~ Upland Buffer
bd
Trailroad Restoration
~ Mitigation by Others
[::=J
0
Wetland Preservation
50'
100'
Feet
Ola<lalmet: Tue lnformallon depld»d on this ftp Is w
conoepb.Jal purposA only. set\'eS lO aid a flcenssd englnoor
or ge<>loglat In rendel1ng profes9ional ....,-. and Is sub)od
lo review •nd approval by appropnats ragultilOly agendeo.
ENVIRONMENTAL
SERVICES, INC.
7221l Financial Way,Su'ole 100
Jaclmonv!lla. FIOOda 3.2256
(004) 470.2200
(004)470.2112FAX
Mitigation Area Map (Creation Area 1)
Q:\J'rcjecls\MJ\2009\009\00\lig\Mitigation_Araas_M•p_JilMwg, 10r'14i200910:34!20 AM. HP Las<>rJel 5100PCL &, 1;1, ES!. PG
Project:
MJ09009.00
Date:
Drwn/Chkd:
Figure:
Oct2009
PG/JRN
3
I
-....._
I
I
~-
~
..... .,
.,
""'--.....
II
I
'
I
I
I
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w
w
w
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w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
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w
w
w
w
w
w
w
w
w
w
w
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w
Q:\_ProjecisWJ\2009\000\00\llgll\ll~gatton_Ate.._Mop_r03.dW11,
10/141200910:34:53 AM. HP LaserJet 5t00 PCL 6. 1:1, ESI, PG
.__
w
Photopoint Locations
18::]
~
Wetland Creation Area
Upland Buffer
Ed
~
Mitigation by Others
G::=J
Wetland Preservation
0
w
25' Transects
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
w
100'
50'
Feet
DISclalmer. Tha Information depicted on thl1 figure it fOr
conceptuQI purposes only. serv~ to eid e llCll!ln&ed eng'neer
or 1;1eok>glst In rendering professional servlces, and Is Slilject
to tavlew and epprowl by appropr1et&ftGUla.tofy agendas.
Project:
MJ09009.00
Date:
Drwn/Chkd:
Figure:
Oct. 2009
PG/JRN
4
Photopoint Locations
25' Transects
KA
Wetland Creation Area
~ Upland Buffer
b;J
0 Mitigation by Others
G:=J Wetland Preservation
0
50'
100'
Foot
Dltoialmer: Tho Information depcled on lhla figure I• for
conceptual purpose.t only, serves to eld a Oceracd CffJineer
or geologi.st In randaling profsnlonal ~ces. aM Is sub,r.ect
to mtew and approval by appropriall! regulalOry agend...
ENVIRONMENTAL
SERVICES, INC.
7220 Flnandol Wlly,Sulle 100
Jaokst>miille,
-32256
(904) 470-2200
1#--""'-!~~...
~...
~ (904)470-2112FAX
1
~.en...,-~com
Q:\_Projech;\MJ\2009\D09100\fig\Miligallon_Ateas_Map_ril3.dwg, 10/W200910:3a:22 AM, HP LaserJet 5100 PCL 6, 1;1, ES~ PO
Project:
MJ09009.00
Date:
Drwn/Chkd:
Figure:
Oct. 2009
PG/JRN
5
FALL 2015 MITIGATION MONITORING REPORT NO. 9
Photo 1: View to the southwest along the transect within Creation Area 1.
Photo 2: View to the northeast along the transect within Creation Area 1.
Photo 3: View to the n01theast along the transect within Creation Area 2.
Photo 4: View to the southwest along the transect within Creation Area 2.
Photo 5: View to the east within Creation Area 3.
Photo 6: View to the northwest within Restoration Area 1.
Photo 7: View to the east within Restoration Area 2.
D.
9655 Florida Mining Blvd. W., Bldg. 300, Suite 305, Jacksonville, FL 32257
Memorandum
Date:
December 2015
To:
Rich Whetsel
via email
Operations Director
Louis Cowling
From:
Operations Manager
Bartram Springs CDD
Re:
Monthly Operations Report
The following is a summary of activities related to the field operations of the Bartram Springs
Community Development District.
Amenity Center I Park:
1. E-Static completed 100 foot of rail and the top rail of 70 foot on the Social Hall upper deck.
2. Worked with John on the sconce light order.
3. Checked and changed out bulbs at amenity facility.
Landscape
I
Irrigation:
ValleyCrest
1. Valleycrest will remain on site thru December. Down to Earth will start the contract on January
first. We will be meeting with DTE in December for property review.
2. We have met with Valleycrest and transition information will be provided for agronomic program
and irrigation inspections.
3. The safety switch on the amenity irrigation controller was inspected by an electrician and contacts
were worn and he recommended replacing. We are monitoring operation and will order new part.
4. Entry and Parkway palms will be pruned in December.
Ponds I Wetlands
1. Ponds are in good condition at this time.
2. Pond inspections will take place in December for any erosion issues.
Other Projects
1. There has been no news on confirmation# 2015-207154 for the Cherry Lake Center line restriping.
2. JEA has been working on sanitary sewer manholes along Cherry Lake west.
3. All entry lights were checked and bulbs replaced.
4. The reader board is scheduled to be relocated just north of existing location.
5. Entry monument painting has been completed.
6. Basham and Lucas are working on cupula drawings. Once received we will solicit proposals.
7. We continue to work with Basham and Lucas on capital improvement concepts and pricing.
Resident Questions/Comments:
1. All other resident concerns have been minor and handled in a timely manner.
Should you have any questions or comments regarding the above information, please feel free to contact
me at (904) 759-8907 or Rich at (904) 759-8923.
E.
Amenity Center Manager's Report for November
Submitted by: John Lucansky
Date of Meeting: December 14, 2015
~
Facility
o Holiday lights installed
o Christmas tree and decorations set up in social hall by staff
o Gym monitors started Dec. 1st from 7pm-11 pm
o Safety sign for lake dock purchased and installed
~
Pool Deck
o Grill update-cost to replace vs new parts
o Gas grill safety sign purchased and installed
o Pool deck sconce lights arrived -install to start week of Dec 14th
o Pool deck white rails bleached and cleaned
~
Fitness Room I Tennis Courts
o Monitor installed in gym
o Desk installed in gym for night time employee
o Multiple wall damage repaired and painted
~
Activities- Ongoing
o Kids Activity Night
o Movie Night
o Food Truck Fridays
Select Saturdays of each month. 5-9pm
Fridays- once a month-at dusk
Every Friday 5-8:30pm
~
Special Events:
o Fall festival was huge success -the 9am-1pm time slot worked out better than lpm-Spm
• Fire truck 62 was able to make an appearance from lOam-12
o Food Trucks still going strong
o Cookies with Santa scheduled for Dec. 12th from 3-7pm
~
Amenity Managers Comments:
o No additional comments at this time
Monthly Facility Access Totals
2011
January
February
March
April
May
June
July
August
September
October
November
December
Year to Date
Total Yearly
Attendance
5200
4520
4500
5757
10791
10376
9119
9101
5030
4176
3996
4068
2012
5410
4500
5004
6192
10922
9881
11675
9996
7365
4589
3713
3602
2013
5325
4622
4844
6930
12783
14084
12392
10501
7325
4695
3808
3827
2014
5112
4632
5292
6002
13117
16442
13226
8617
7526
4613
4587
4162
2015
5275
4851
6272
7661
14385
16601
14.181
8559
5810
4593
5324
Adu I
t
Kids
0
0
Gym
Guest
+/-YTD
2015
0
+163
+219
+980
+2639
+1268
+159
+955
-58
-1716
-20
+737
U14
5275
4851
897
815 4427
1351 1295 4754
4451 4887 4602
4937 6562 4582
4014 5419 4268
2116 1886 4146
1024 711 3985
157
103 4322
107
72
5127
91,136 93,328 93,512
133
261
445
520
480
411
90
11
18
+2690
76,634 82,849 91,136 93,328
Should you have any comments or questions feel free to contact me directly:
John Lucansky {904)-304-4088
st~ <?,:1:22~!;!t!/
there for you
Grill Replacement parts
Gas valves
3
$52.50 ea.
$156.60
Briquette trays with briquettes
3
$75.60 ea
$226.80
Tube burners
3
$49.99 ea.
$159.97
Grill grates
3
$64.95 ea.
$194.85
$728.22 each grill
Tank Swap Taxi, Inc
Estimate
All American Grill Fire & Gas
1617 Atlantic Boulevard
Suite 101
Date
Estimate#
10/28/2015
267
Name I Address
John Lucansky
14530 Cherry Lake Dr E
Project
Description
SIZ26 SummersetSizzler 26" 443 Stainless Steel Construction
Delivered and Installed
Qty
Total
Cost
899.00
1
FL-DUVAL Sales & Use Tax
7.00%
Total
Customer Signature
899.00T
62.93
$961.93
A.
Bartram Springs
Community Developn1ent District
Unaudited Financial Reporting
thru October 37, 2015
Meeting Date
December 74, 2015
BARTRAM SPRINGS CDD
COMMUNITY DEVELOPMENT DISTRICT
BALANCE SHEET
October 31, 2015
Non-Major
Major Funds
General
Funds
Total
Debt
Capital
Governmental
Service
Projects
Funds
ASSETS:
CASH
PATTY CASH
$71,095
$71,095
$200
$200
$6,309
Capital Reserve
$6,309
INVESTMENTS
Series - 2006
$737,433
Reserve
Interest
Prepayment
Revenue
$737,433
$7
$7
$4,340
$4,340
$433,780
$433,780
$2
Sinking
State Board
Custody - Excess Funds
DUE FROM OTHER SOURCES
DUE FROM DEBT SERVICE
ELECTRIC DEPOSITS
TOTAL ASSETS
$2
$7, 176
$7,176
$239,723
$239,723
$5,323
$5,323
$18,978
$78,978
$280
$280
$282,775
$7,175,556
$6,309
$7,464,640
LIABILITIES:
ACCOUNTS PAYABLE
$70,903
$70,903
$78,978
$78,978
DUE TO GENERAL FUND
FUND BALANCES:
NONSPENDABLE
UNASSIGNED
$280
$280
$271,592
$211,592
$7,756,579
$7,756,579
RESTRICTED FOR DEBT SERVICE
ASSIGNED FOR CAPITAL PROJECTS
$6,309
$6,309
$6,309
$7,464,640
TOTAL LIABILITIES & FUND EQUITY
& OTHER CREDITS
$282,775
Page 7
$1,175,556
BARTRAM SPRINGS CDD
General Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
For the Period Ended October 31, 2015
Adopted
Bud et
Prorated Budget
Thru 1013112015
Actual
Thru 1013112015
$1,084,299
$7,300
$7,000
$250
$7,075
$630
$0
$21
$7,075
$630
$0
$22
$0
$0
$0
$1
$1,098,849
$7,726
$7,727
$1
$12,000
$918
$10,000
$5,000
$600
$30,000
$500
$7,800
$3,900
$48,657
$1,000
$2,400
$100
$250
$500
$44,322
$4,200
$350
$2,500
$700
$400
$175
$7,000
$77
$833
$5,000
$600
$2,500
$0
$0
$0
$4,055
$83
$2,400
$8
$21
$42
$44,322
$350
$350
$208
$58
$33
$175
$1,000
$77
$395
$5,000
$0
$5,896
$0
$0
$0
$4,055
$83
$0
$0
$0
$23
$39,497
$227
$0
$67
$107
$25
$175
$0
$0
$439
$0
$600
($3,396)
$0
$0
$0
$0
$0
$2,400
$8
$21
$19
$4,825
$123
$350
$141
($48)
$8
$0
$176,272
$62,116
$56,627
$5,489
Variance
REVENUES:
Maintenance Assessments
Facility Income
Program Sharing -ASG
lnteresVMiscellaneous Income
TOTAL REVENUES
EXPENDITURES:
AOMIN/STRAVVE·
Supervisor Fees
Fica Expense
Engineering Fees
Assessment Roll
Arbitrage
Attorney Fees
Dissemination
Trustee Fees
Annual Audit
Management Fees
Computer Time
Website
Travel & Per Diem
Telephone
Postage
Insurance
Printing & Binding
Record Storage
Legal Advertising
Other Current Charges
Office Supplies
Dues, Licenses, Subscriptions
TOTAL ADMINISTRATIVE EXPENDITURES
Page2
BARTRAM SPRINGS CDD
General Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
Prorated Budget
Thru 1013112015
Actual
Thru 1013112015
$6,000
$75,000
$22,000
$3,100
$400
$6,100
$500
$6,250
$1,B33
$258
$33
$508
$635
$2,726
$94B
$434
$30
$741
Adopted
Bud et
Variance
AMENITY CENTER
Utll/tles:
Telephone
Electric
Water/Irrigation
Cable
Gas
Trash Removal
Security:
Security Monitoring
Access Cards
Management Contracts:
Facility Management
Pool Attendants
Field ManagemenUAdministration
Pool Maintenance
Pool Chemicals
Janitorial
Facility Maintenance
Repairs and Maintenance
Maintenance Reserves
New Capital Projects
Special Events
Holiday Decorations
Fitness Center Repairs/Supplies
Office Supplies
ASCAP/BMI Licenses
$3,000
$2,200
$250
$183
$125,055
$55,490
$32,500
$34,000
$16,000
$19,750
$25,000
$32,500
$86,000
$10,000
$14,500
$4,500
$9,500
$3,000
$3,000
$10,421
$4,624
$2,708
$2,B33
$1,333
$1,646
$2,083
$2,708
$7, 167
$833
$1,208
$1,350
$792
$250
$250
$9,545
$0
$2,708
$2,833
$0
$1,395
$2,083
$4,961
$0
$0
$1,272
$1,350
$0
$0
$0
$876
$4,624
$0
$0
$1,333
$251
$0
($2,253)
$7, 167
$833
($64)
$0
$792
$250
$250
TOTAL AMENITY CENTER
$588,595
$50,025
$31,812
$18,212
$7,000
$180,804
$20,000
$19,728
$34,000
$7,500
$5,700
$8,000
$3,300
$583
$15,067
$1,667
$1,644
$2,833
$625
$475
$667
$275
$0
$15,067
$600
$1,694
$3,856
$525
$1,577
$1,389
$290
$583
$0
$1,067
($50)
($1,023)
$100
($1, 102)
($722)
($15)
$286,032
$23,836
$24,998
($1, 162J
$63,450
$5,28B
$0
$5,288
$1,114,349
$141,264
$113,437
$27,826
GRQUNDS. MA/!Y.IW.ll/Y.C£
Hydrology Quality Monitoring
Landscape Maintenance
Landscape Contingency
Lake Maintenance
Grounds Maintenance
Pump Repairs
Streetlight Repairs
Irrigation Repairs
Miscellaneous
TOTAL GROUNDS MAINTENANCE
$150.
$0
($135)
$3,524
$B86
($176)
$3
($232)
$100
$183
I
QI/:l(R EXPEND.IIURE.S.
Contingency
TOTAL EXPENDITURES
EXCESS REVENUESl{EXPENDITURES)
($15,500)
($105,711)
Fund Balance -Beginning
$15,500
$317,5B3
$0
$211,872
Fund Balance - Ending
Page3
I
Bartram Springs
General Fund
Month By Month Income Statement
Fiscal Year 2016
October
November
December
Janua.
Februa.
March
Avril
Ma
June
Jul
Auaust
Seotember
Total
8.fJleJJJJ£S:.
Maintenance Assessments
FadUty Income
~m
S630
S630
m
Program Sharing · ASG
Interest/Miscellaneous Income
Total Revenues
~m
I
S22
S7,727
m
so
so
so
so
so
so
so
so
so
so
so
S22
57.727 I
Fxpendihl(P5'
Administrative
swoo
S1,000
S77
S395
S5,000
Annual Audit
so
so
so
S5,896
so
S395
S5,000
Management Fees
Computer Time
S4,055
S83
S4,055
S83
S23
S39,497
S227
S23
S39,497
S227
S67
S107
S25
S175
S67
S107
S25
S175
Supervisor Fees
FICA Expense
Engineering
Assessment Roll
Arbitrage
Trustee Fees
Dissemination
Attorney
so
so
so
S5,896
so
so
so
so
Website
Travel & Per Diem
Telephone
Postage
Insurance
Printing & Binding
Records Storage
Legal Advertising
Other Current Charges
Office Supplies
Dues, Licenses a Subscriptions
Total Administrative
S77
so
so
so
so
I
S56.627
so
so
so
so
so
so
so
so
so
so
so
so
S56,627
I
Bartram Springs
General Fund
Month By Month Income Statement
Fiscal Year 2016
October
Amenity Center
UtiUties
Telephone
Electric
water/irrigation
Cable
Gas
Trash Removal
Security
Security Monitoring
Access Cards
Management Contracts
Fadlity Management
Pool Attendance
Field MgnUAdmin
Pool Maintenance
Pool Chemicals
Janitorial
FadUty Maintenance
Repairs and Maintenance
Spedal Events
Holiday Decorations
Fitness Center Repairs/Supplies
Office Supplies
ASCAPIBMI Ucenses
Total Amenity Center
Grounds Maintenance
Hydrology Quality Monitoring
Landscape Maintenance
Lanscape Contingency
Lake Maintenance
Grounds Maintenance
Pump Repairs
Streetlight Repairs
Miscellaneous
Irrigation Repairs
Contingency
Total Grounds Maintenance
Tata! Expenditures
Excess Revenues (Expenditures)
November
December
Februa,
Janua.
March
Ma
Aoril
Jul
June
Auaust
Seotember
S635
S2,726
S948
S434
S30
S635
S2,726
S948
S434
S30
$741
S741
S150
so
S150
so
S9,545
S9,545
Q~
Q~
S2,833
S2,833
S1,395
S1,395
QE
QE
S4,961
S4,961
m
m
m
m
m
m
m
m
S1,272
S1,350
I
S1,272
S1,350
m
m
m
S31,812
so
so
so
so
so
so
so
so--
m
m
m
so
so
so
$0
S15,067
$600
$1,694
$3,856
S525
$1,577
$290
$1,389
I
Total
$113,437.42
'S105,711)
I
$0
$15,067
$600
S1,694
$3,856
S525
$1,577
S290
$1,389
m
524,998
s31,812
m
so
$0
$0
so
$0
$0
so
so
$0
so
so
$0
so
so
$0
so
$0
$0
so
$0
so
so
$0
so
so
$0
$0
so
$0
$0
so
$0
$0
524,998 I
S113,437
'$105,711)
BARTRAM SPRINGS CDD
Debt Service - Series 2006
Statement of Revenues & Expenditures
Prorated Budget
Thru 1013112015
Actual
Thru 1013112015
$700
$1,435, 140
$58
$16,617
$52
$16,617
($6)
$0
$1,435,840
$16,675
$16,669
($6J
$433,081
$580,000
$433,081
$0
$0
$0
$0
$0
$0
$0
$0
$0
$1,446, 162
$0
$0
so
Adopted
Bud_g_et
Variance
REVENUES:
Interest Earned
Assessments
TOTAL REVENUES
I
I
EXPENDITURES:
Series 2006
Interest - 1111
Interest - 511
Principal - 511
TOTAL EXPENDITURES
I
($10,322)
$16,669
Fund Balance - Beginning
$434,570
$1, 139,910
$424,248
$1,156,579
EXCESS REVENUESl{EXPENDITURES)
Page4
I
BARTRAM SPRINGS CDD
Capital Reserve Fund
Statement of Revenues & Expenditures
Adopted
Budg_et
Prorated Budget
Thru 7013712075
Actual
Thru 7013712075
$86,000
$70,000
$0
$0
$0
$0
$0
$0
$96,000
$0
$0
so I
$85,541
$70,000
$300
$0
$0
$20
$0
$0
$20
$0
$0
$0
$20
$20
so
Variance
REVENUES:
New Capital Projects - Revenues
TOTAL REVENUES
I
EXPENDITURES:
Capital Projects
Other Service Charges
TOTAL EXPENDITURES
I
$95,841
EXCESS REVENUES/ (EXPENSES)
I
$759
($20)
Fund Balance - Beginning
$73,056
$6,329
$73,215
$6,309
Page5
I
BARTRAM SPRINGS
COMMUNITY DEVELOPMENT DISTRICT
Long Term Debt Report
FY 2015
Series 2006, Special Assessment Bonds
Interest Rate;
Maturity Date:
Reserve Fund Definition:
Reserve Fund Requirement:
Reserve Fund Balance:
4.75%
51112034
50% of Maximum Annual Debt Service
$7, 064, 700. 00
$737,259.37
Bonds outstanding - 913012073
Less:
Less:
Less:
Less:
Less:
Current Bonds Outstanding
November 7, 2013
May 7, 2014 (Mandatory)
May 7, 2014 {Prepayment)
November 7, 2014 {Prepayment)
May 7, 2015 {Mandatory)
$79,555,000.00
$0.00
($530,000.00)
($75,000.00}
{$220,000.00}
{$555,000.00}
$78.235.000.00
Page6
B.
FY16 SUMMARY OF ASSESSMENT RECEIPTS
DIRECT BILLS
DIRECT BILLS ASSESSED
COMMERCIAL- BS CENTER, LLC
1
UNITS
21,818
16,616.50
1
DIRECT BILLS RECEIVED
COMMERCIAL- BS CENTER, LLC
O&M
ASSESSED
lDEBT ASSESSEDl
7,074.67
I
DEBT RECEIVED O&M RECEIVED}
16,616.50
7,074.67
I
DIRECT BILLS - BALANCE DUE
Direct bills on payment plan with 50% due 11/1/15, 25% due 2/1/16, and 25% due 5/1/16
TAX ROLL
TOTAL TAX ROLL
NET TAX ROLL ASSESSED
DUVAL COUNTY DISTRIBUTION
1
2
3
I
I
UNITS
1,694
DATE
RECEIVED
I
I
1
DEBT ASSESSED
1,417,297.10
O&M
ASSESSED
1,078,427.62
I
1,791.92
28,202.55
251,819.69
TOTAL TAX ROLL DUE (DISCOUNTS NOT TAKEN}
j
UNITS
23,512
I
1,363.48
21,459.45
191,610.72
j
-
TOTAL
ASSESSED
2,495, 724.72
TOTAL
RECEIVED
3,155.40
49,662.00
443,430.41
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
TOTAL COUNTY DISTRIB.
TOTAL
RECEIVED
I
DEBT RECEIVED O&M RECEIVED
11/9/2015
11/17/2015
11/27/2015
23,691.17
23,691.17
J
-
TOTAL DISTRICT
TOTAL ASSESSED
1
TOTAL
ASSESSED
-
281,814.16
214,433.65
496,247.81
1,135,482.94
863,993.97
1,999,476.91
DEBT SERVICE
l
O&M
j
TOTAL
1,433,913.60
1,085,502.29
2,519,415.89
TOTAL RECEIVED
298,430.66
221,508.32
519,938.98
PERCENT COLLECTED DIRECT BILL
PERCENT COLLECTED TAX ROLL
TOTAL PERCENT COLLECTED
100.00%
19.88%
20.81%
100.00%
19.88%
20.41%
100.00%
19.88%
20.64%

w - Bartram Springs

Transcription

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