WC 2016-04-05 Regular Board Meeting Book

Transcription

WALNUT CREEK
COMMUNITY DEVELOPMENT
DISTRICT
BROWARD COUNTY
SPECIAL BOARD MEETING
APRIL 5, 2016
10:00 A.M.
Special District Services, Inc.
8785 SW 165th Avenue, Suite 200
Miami, FL 33024
www.walnutcreekcdd.org
786.347.2711 Telephone
877.SDS.4922 Toll Free
561.630.4923 Facsimile
AGENDA
WALNUT CREEK
COMMUNITY DEVELOPMENT DISTRICT
Walnut Creek Clubhouse
7500 NW 20th Street
Pembroke Pines, Florida 33024
SPECIAL BOARD MEETING
April 5, 2016
10:00 A.M.
A. Call to Order
B. Proof of Publication..............................................................................................................................Page 1
C. Establish Quorum
D. Additions or Deletions to Agenda
E. Approval of Minutes
1. March 1, 2016 Regular Board Meeting……………………………………………………………Page 2
F. Administrative Matters
1. Financial Update……………………………………………………………………………….…..Page 32
G. Security System/Services
1. Kent
a. Security Report/Update……………………………………………………………………...Page 42
2. Request to Appeal Made by Chris Wood’s Regarding Sheridan Gate Incident of 11/27/2015…...Page 43
3. Safe Tech Update and Discussion
4. Gate Maintenance Quotes for Board Consideration;
a. Royce Integrated Solutions………………………………………………………………….Page 50
b. ATI Security Systems……………………………………………………………………….Page 57
c. Fantasy Gates, Inc.…………………………………………………………………………..Page 61
d. Chart Comparing Existing and Quoted Costs for Gate Maintenance Costs………………...Page 63
H. Allstate Water Management
1. Update on Project Status at Lake #6
2. Update Regarding the Cleaning and Evaluation Water Management System Pipes
I. Lake Management System
1. Presentation from District Engineer Regarding Contractor Budget Cost(s) for Lake
Restoration Project………………………………………………………………………………...Page 64
J. Field Maintenance/Capital Improvements
1. Irrigation/Water Usage Update (SFWMD)………………………………….…………………….Page 65
2. Landscape Report from Mainguy Landscape Services……………………………………………Page 67
3. Mainguy Proposal for Bougainvillea Installation Near 2192 NW 75th Way (Maple Glen)……....Page 68
4. Update on Fountain Repairs……………………………………………………………………….Page 72
5. Discussion Regarding Consideration of Aluminum Monument Signs……………………………Page 73
6. Consider Approval Request for Sullivan Electric & Pump Check Valve Proposal
K. Old Business
L. New/Additional Business
1. Consider Resolution No. 2016-01 – Adopting a Fiscal Year 2016/2017 Proposed Budget............Page 80
2. Consideration of Bond Option for Funding of the Lake Bank Restoration Project
3. Consideration of Fence Installation Per Supervisor Ross’ Request……………………….………Page 102
M. Additional Staff Updates/Requests
1. Attorney
2. Engineer
3. District Manager
4. Field Operations
N. Additional Board Member/Public Comments
O. Adjourn
Page 1
WALNUT CREEK COMMUNITY DEVELOPMENT DISTRICT
REGULAR BOARD MEETING
MARCH 1, 2016
A.
CALL TO ORDER
District Manager, Gloria Perez, called the March 1, 2016, Regular Board Meeting of the
Walnut Creek Community Development District to order at 10:00 a.m. at the Walnut Creek
Clubhouse located at 7500 NW 20th Street, Pembroke Pines, Florida 33024.
B.
PROOF OF PUBLICATION
Proof of publication was presented that notice of the Regular Board Meeting had been
published in the Broward Daily Business Review on September 25, 2015, as part of the
District’s Fiscal Year 2015/2016 Regular Meeting Schedule, as legally required.
C.
ESTABLISH A QUORUM
Mrs. Perez determined that the attendance of Chairperson Elina Levenson, Vice Chairman
William Cook and Supervisor Betty Ross constituted a quorum and it was in order to proceed
with the meeting.
Staff in attendance included: District Manager Gloria Perez of Special District Services, Inc.;
General Counsel Ginger Wald of Billing, Cochran, Lyles, Mauro & Ramsey, P.A and
District Engineer Andy Tilton of Johnson Engineering, Inc.
Also present were: Armando Silva of Special District Services, Inc.; Kent Security
representatives, Jorge Castro and Donald Warren, Post Captain; Rob Mainguy of Mainguy
Landscaping; and Ron Jacobowitz of Safetech.
D.
ADDITIONS OR DELETIONS TO THE AGENDA
There were no additions or deletions to the agenda.
E.
APPROVAL OF MINUTES
1. February 2, 2016, Regular Board Meeting
Mrs. Perez presented the minutes of the February 2, 2016, Regular Board Meeting and asked
if there were any corrections and/or additions.
There being no corrections and/or additions, a MOTION was made by Vice Chairman Cook,
seconded by Supervisor Ross and unanimously passed to approve the minutes of the
February 2, 2016, Regular Board Meeting, as presented.
F.
ADMINISTRATIVE MATTERS
1. Financial Update
Page 1 of 10
Page 2
MARCH 1, 2016
Mrs. Perez explained, as is procedurally done, Financial Reports as of December 2016 were
presented in the meeting book and reviewed: Monthly Financial Report-Operating Fund
(actual revenues and expenditures with fund balances and availability); January 2016 Check
Register(s); Balance Sheet; Debt Service Profit and Loss YTD Comparisons January 2016
Report(s); Tax/Assessment Collections; Capital Expenditure Recap through February 2016.
Available Operating Funds as of January 31, 2016, shows: $1,058,361.52, and are currently
stable, as expected at this time. This amount includes the remaining funds (from litigation
process) being held/used for capital projects.
A motion of ratification of the financials and/or any further discussion was requested.
A MOTION was made by Supervisor Ross, seconded by Chairperson Levenson and passed
unanimously to ratify and approve the financials, as presented.
2. Presentation by Jon Kessler of FMSbonds, Inc. Regarding Bond Options for
the Lake Bank Restoration Project
Mrs. Perez introduced Jon Kessler of FMSbonds, Inc., who indicated that he was involved
in the last Bond series issued to the District in 2010, and briefly spoke about his services.
Mr. Kessler recommended that the District consider a Convertible Capital Appreciation
Bond so that the District gets funded up front, but does not start paying interest until the
Bond that due in 2021 is paid off (referring to pages 6 and 7 of his presentation).
Mr. Kessler sized the proposed Bond amount at $2.6 Million net, going on to explain that
the Bond option presented accretes during the non-payment period at the bond rate. The
proposed bond is issued at a discount. Kessler explained that his presentation is assuming a
Non Rated Bond were to be issued staying on the conservative side. Being that the District
will have two other bond series outstanding, it would be very possible to get a rated bond
which would bring down rates by about 75-100 bps. Even if non-rated, the blended cost
would be sub 5% for a 30 year bond and could go shorter, should the District elect to do so.
The annual payment from 22 to 46 would be about $210,000.
The Board had a proposed bond Q&A session. Supervisor Ross inquired as to the District
Engineer’s provided numbers to which the District Engineer indicated that the numbers were
based off the cost of the work. Pursuant to a lengthy discussion, the Board decided to wait
on the District Engineer’s gathering of quotes to get a better gauge as to how much the project
is expected to cost.
Page 2 of 10
Page 3
MARCH 1, 2016
SOURCES AND USES OF FUNDS
Walnut Creek Community Development District
Special Assessment Revenue Bonds, Series 2015
Convertible Capital Appreciation Bond
Sources:
Bond Proceeds:
Par Amount
2,956,747.55
2,956,747.55
Uses:
Project Fund Deposits:
Construction Fund Deposit
2,600,000.00
Other Fund Deposits:
Debt Service Reserve Fund
106,375.00
Delivery Date Expenses:
Cost of Issuance
250,000.00
Other Uses of Funds:
Construction Fund
372.55
2,956,747.55
The Board elected to wait on the hard numbers the District Engineer will be presenting at
the next meeting prior to making a decision as to how they will move forward with regard to
the Bond and this item was TABLED and is to be reviewed during the next meeting.
The presentation, provided as a handout during the meeting by Jon Kessler, has been attached
to these minutes for record purposes.
Page 3 of 10
Page 4
MARCH 1, 2016
3. Consider Resolution No. 2016-01 – Adopting a Fiscal Year 2016/2017
Proposed Budget
Mrs. Perez presented the following three (3) scenarios for the Board’s consideration:
Scenario 1 has no increases and keeps the same assessment as prior years ($1,870);
Scenario 2 has a moderate increase of $125.68 per year, per unit. Budget amounts of $25,000
have been added for both monuments (as a four year project) and drainage. The irrigation
cost has also been increased. Since assessments are going up in this scenario, the carryover
has been eliminated to conserve the reserves; and
Scenario 3 has substantial increases of approximately $576.18 per year, per unit. Full costs
for Drain and Monuments have been included as well as $300,000.00 allocated for the lake
bank restoration project.
RESOLUTION NO. 2016-01
A RESOLUTION OF THE BOARD OF
SUPERVISORS OF THE WALNUT CREEK
COMMUNITY
DEVELOPMENT
DISTRICT
APPROVING A PROPOSED BUDGET FOR FISCAL
YEAR
2016/2017;
AND
PROVIDING
AN
EFFECTIVE DATE.
The 2015-2016 Proposed Budget was presented. Some line items were increased and others
were decreased, where applicable. The cash balance should not go below $300,000 (which
is approximately 3 months of expenditures), based on projections. As this is a budget, the
amounts depicted herein do not have to use every dollar in the budget, and excess amounts
can go toward the reserves, contingency fund or even toward Bond Premium payments in
the future. Debt: 5 years left on the 2008 refunded bond. Budget items can be reduced, but
cannot be increased once the proposed budget has been approved. Many projects have been
taken into consideration, such as drainage line evaluations and the necessary repair work;
increasing irrigation repair and maintenance costs; tree replacement, as several palms have
been affected by a non-treatable fungus as a result of the Fusarium Wilt disease and must be
replaced, etc.
District Counsel advised the Board if a proposed budget were to be approved that during the
Final Budget Hearing the amount could be decreased, but not increased due to the notices
that must be sent out, as legally required. The Board was divided as to how to move forward.
District management was instructed to schedule a Special Meeting for April 5, 2016, and to
bring back the proposed budgets at that time in order to allow time for the District Engineer
to gather hard numbers for the proposed projects so that the Board may make a decision.
G.
SECURITY SYSTEM/SERVICES
Page 4 of 10
Page 5
MARCH 1, 2016
1. Kent

Security Report/Update
Kent Security presented the February 2016 Security Report via a handout during the meeting.
Mr. Warren stated that he had been in touch with the City of Pembroke Pines Police
Department and that they had agreed to monitor and address speeding within the community.
Mr. Warren requested the guidance of the Board regarding the voicemail option. A brief
discussion ensued and the Board was unanimous in directing Kent Security to encourage the
resident’s use of the voicemail system.
2. Discussion Regarding Chris Woods’ Sheridan Gate Incident of November 27,
2015
Presented in the meeting book for Board and Staff review was the report regarding Chris
Woods’ Sheridan Gate Incident of November 27, 2015, the police report and an e-mail from
Mr. Woods dated February 23, 2016, wherein he disputes his responsibility for the damages
to his vehicle. Prior to the meeting, District management distributed to all Board Members
and Staff the video footage of the incident for their review. The Board reviewed all the
information and a discussion ensued, after which the following motion was made:
A MOTION was made by Vice Chairman Cook, seconded by Chairperson Levenson and
unanimously passed denying Mr. Woods’ dispute regarding the incident of November 27,
2015. After careful review of the information, the police report and the video footage, the
Board determined that the District would not assume any responsibility for the incident or
any damages incurred.
3. Discussion Regarding Non-Payment of Gate Damages on Behalf of Daniel
Shai Sason
Mrs. Perez presented a copy of the last statement which showed a balance of $5,654, and
had not yet been paid by Daniel Shai Sason. The Walnut Creek Community Development
District has charged Daniel Shai Sason (all back-up information is on file) in the amount of
$5,654. This amount includes the cost quoted to repair damages plus 10% administrative
fees for the gate and mechanisms damaged during the incident which occurred on October
18, 2015, at approximately 12:21 p.m. at the Sheridan exit. Mr. Sason, who resides at 1758
NW 74th Avenue, Pembroke Pines, Florida 33024, has not responded to any of the notices
or invoices sent to his attention.
During said incident, Mr. Sason was driving a white Dodge van, Tag # DZNW50 and the
Pembroke Pines Police Department Officer Stephen Olenchak responded to the incident
thereby issuing Case # PPPD15OFF069832
Page 5 of 10
Page 6
MARCH 1, 2016
A MOTION was made by Supervisor Ross, seconded by Vice Chairman Cook and
unanimously passed to authorize District Counsel to send Mr. Daniel Shai Sason a demand
letter on behalf of the District.
4. SafeTech Discussion with Ron Jacobowitz
Andy Gaskin asked that District management present to the Board how, moving forward,
Mr. Jacobowitz plans to correct the ongoing issues of items not being fixed correctly.
Mr. Jacobowitz’s response was that he had been short staffed and had recently hired and
trained two additional Techs. As for the ongoing issue with the Taft gate arm that is always
bouncing, Mr. Jacobowitz agreed to look into this issue and indicated that he would have it
addressed and provided the opinion that it may be that the arm is being hit by vehicles,
thereby breaking the shear pins. Mr. Warren of Kent Security stated that he usually observes
the repairs and that he had never seen the shear pins being replaced.
At this time Mr. Warren noted that the gates have been set to “Read Only” thereby allowing
anyone with a barcode reader into the community, whether or not they are authorized to do
so. Mr. Jacobowitz responded that he was not aware of this and that he would look into it
and have the matter addressed today.
5. Gate Maintenance Quotes for Board Consideration
The following proposals were presented in the meeting book for the Board’s review and
consideration:
a.
b.
c.
d.
Royce Integrated Solutions
ATI Security Systems
Fantasy Gates, Inc.
Chart Comparing Existing and Quoted Costs for Gate Maintenance Costs
Page 6 of 10
Page 7
MARCH 1, 2016
Company(s)
Monthy Maintenance Cost Yearly Cost
12' Replacement Arms Cost
Royce Integrated Solutions
$1,400.00
$16,800.00
12' @ $190.00
$660.00
$7,920.00
12' @ $ 85.00
Fantacy Gates
$780.00
$9,360.00
12' @ $185.00
Safe Tech
$775.00
$9,300.00
12' @ $ 85.00
The Board reviewed the provided information and elected to TABLE this item until the next
meeting in order to allow time for SafeTech to address the barcode reader issue prior to
making any decisions.
H.
ALLSTATE WATER MANAGEMENT
1. Update on Root Intrusion Repairs at Lake #10
Mrs. Perez advised the Board that the District had received notification over the weekend
that the repairs to address the root intrusion at Lake #10 had been completed and Mr. Tilton
had been scheduled to inspect and provide a letter of approval in order to process payment
for Allstate Resource Management.
2. Update on Project Status of Lake #6
As indicated previously, Allstate is waiting for the water levels to drop and the completion
of another project before completing the Lake #6 project.
I.
LAKE MANAGEMENT SYSTEM
1. Review Scope of Work Specifications & RFP for Pond Restoration of All Ten
Lakes by the District Engineer
Presented in the meeting book was Mr. Tilton’s scope of work consisting of specifications
and details for the maintenance work for all ten lakes.
A MOTION was made by Vice Chairman Cook, seconded by Chairperson Levenson and
passed unanimously approving the scope of work, as presented by the District Engineer.
Page 7 of 10
Page 8
MARCH 1, 2016
2. Presentation from District Engineer Regarding Contractor Budget Costs for
Lake Restoration Project
District Engineer Andy Tilton advised the Board that he is still waiting on feedback from the
contractors he had contacted. He indicated that he should have these costs in time for the
Special Meeting schedule for April 5, 2016.
3. Update Regarding the Cleaning and Evaluation of Water Management
System Pipes
The Board was advised that the agreement had been fully executed and that work is
scheduled to commence on March 10, 2016, weather permitting.
District Counsel Ginger Wald indicated that in her research with District Counsel Knight
regarding the professional liability history regarding sinkhole cases and looking into the
professional liability insurance coverage, if there is a way to take the requested direction to
have the Association assist with repair costs pertaining to the damages being addressed at
Lake #6. District Counsel indicated that going back to past Insurance Certificates is an
option, but are not always available, as companies continually change carriers and unless the
evaluation being done determines what or if anything is wrong with regard to the depression
at Lake #6, the first step would be to get the evaluation.
J.
FIELD MAINTENANCE/CAPITAL IMPROVEMENTS
1. Irrigation/Water Usage Update – South Florida Water Management District
(SFWMD)
The Irrigation/Water Usage Report was presented in the meeting book. District Engineer
Andy Tilton noted that, pursuant to the report, the readings are in compliance.
2. Landscape Report from Mainguy Landscape Services
Rob Mainguy presented the Landscape Report as a handout for Board and Staff review and
noted that the turf weeds around the perimeter are out of control and are being treated. Rob
elaborated on the ongoing issue with the white fly, which is being addressed and indicated
that the shrubs are healthy, viable, and sustainable and are expected to bounce back.
In addition, Rob also distributed two (2) proposals for the Board’s consideration in order to
obtain a direction as to how they wish to proceed with the palm replacement work. This
topic went into discussion after which it was decided that Rob would make his
recommendations to the Board at the next meeting.
Page 8 of 10
Page 9
MARCH 1, 2016
3. Update on East Fountain Pump Repairs
It was noted that delays had been encountered due to the impeller, which has already been
ordered and All Florida is looking at a completion date of sometime towards the end of next
week.
K.
OLD BUSINESS
There were no Old Business items to come before the Board.
L.
NEW/ADDITIONAL BUSINESS
1. Update on HOA/CDD Agrement
The Board was advised that the updated agreement had been fully executed by both parties.
2. Discussion Regarding Entry Feature Monuments
The Board was advised that alternate options had been looked into and that stone caps would
be a substantial cost, which would create a project cost well beyond $200,000 for the District.
A second option would be pre-cast concrete caps and so far, only one contractor, Royal
Plaster, has provided a cost of approximately $25,000 over that of the foam version.
Vice Chairman Cook shared a monument style consisting of concrete and metal and/or
aluminum, of which he has seen in his travels outside of Florida. He provided a picture from
his cell phone as a sample to the Board and Staff. District management was directed to
gather pricing for this option.
M.
ADDITIONAL STAFF UPDATES/REQUESTS
1. Attorney
District Counsel Wald did not have any additional items or comments for the Board.
2. Engineer
District Engineer Tilton did not have any additional items or comments for the Board.
3. District Manager
Mrs. Perez had no additional updates or requests.
4. Field Operations
Page 9 of 10
Page 10
MARCH 1, 2016
The Field Operations Manager was not present at this meeting.
N.
ADDITIONAL BOARD MEMBER/PUBLIC COMMENTS
Vice Chairman Cook initiated a discussion regarding AT&T and indicated that he would be
communicating with the Association in order to determine who granted permission for the
work that was taking place.
Supervisor Ross requested the Board’s consideration in adding a fence to divide the Preserve
community from Walnut Creek in an effort to prevent people from passing through. District
management indicated that she will look into this item.
O.
ADJOURNMENT
There being no further business to come before the Board, the Regular Board Meeting was
adjourned at 12:26 p.m. on a MOTION made by Chairperson Levenson. There were no
objections.
ATTESTED BY:
______________________________
_______________________________
Secretary /Assistant Secretary
Chairman/Vice-Chair
Page 10 of 10
Page 11
Presentation to:
Walnut Creek
Community Development District
Re: Stormwater Management Ponds Project
Page 12
Rule G-17 Disclosure
FMS ROLE AS UNDERWRITER AND NOT FINANCIAL ADVISOR
FMSbonds, Inc., is providing the information contained in this document for discussion purposes only in
anticipation of serving as underwriter. The primary role of FMSbonds, Inc., (“FMS”) as an underwriter, is to
purchase securities, for resale to investors, in an arm’s-length commercial transaction between the CDD and
FMS. FMS may have financial and other interests that differ from those of the CDD. FMS is not acting as a
municipal advisor, financial advisor or fiduciary to the CDD or any other person or entity. The information
provided is not intended to be and should not be construed as “advice” within the meaning of Section 15B of
the Securities Exchange Act of 1934. The CDD should consult with its own financial and/or municipal, legal,
accounting, tax and other advisors, as applicable, to the extent it deems appropriate. The CDD should
consider whether to engage an advisor to act in a fiduciary capacity on its behalf in connection with this
transaction.
Securities offered by FMSbonds, Inc, including annuities, are not insured by the FDIC or any government
agency; are not deposits or other obligations of or guaranteed by FMSbonds, Inc. or any of its affiliates; and
are subject to investment risks, including possible loss of the principal invested. FMSbonds, Inc. is a
broker/dealer, member FINRA/SIPC.
FMS has a policy that is designed to comply with the disclosure requirements under revised MSRB Rule G23. In conjunction with these requirements, we are providing the following disclosure to all of our municipal
underwriting clients.
Page 13
2
Contents
I.
Project Financing Plan
II.
Firm Overview and Experience
Page 14
3
Project Finance Plan

The Walnut Creek CDD (the “District”) is exploring financing a project for stormwater
management ponds (“Project”) in the approximate amount of $2,200,000.

The District does not want to increase assessments beyond current assessment levels.
The District’s Series 2008 Bonds mature 5/1/21. The District would consider levying
assessments at the same level as the Series 2008 Bonds, once those Bonds are retired.
However, the District would prefer to commence the Project today.

The District could issue a Convertible Capital Appreciation Bond (“CAB”) whereby the
Bond was issued today so that the District had money for the Project but the CAB did not
start to pay current interest until the Prior Bonds due 5/1/21 were paid off. See following
page. The CAB Bond could be issued with a Final Maturity 30 years from the date of
issuance.

Since the District is built out with homes, it is very likely the CAB could be rated and the
corresponding interest rate would be in the 3.75% to 4.00% range.

FMS is the leading underwriter of CDD Bonds in Florida and was the underwriter of the
Districts Series 2010 Bonds. See Section II.
Page 15
4
Market rates are very attractive. Municipal Bond rates are at record lows.
Bond Buyer US 20 Year General Obligation Index
Page 16
5
 Initial Par:
$2.9 MM
 Accreted Par:
$3.52 MM (Par At Conversion)
 Project Fund:
$2.6 MM (up to District)
 Bond Structure:
Interest accrues from date of issuance thru the
Conversion Date of 11/1/2021 at Coupon Rate. Then
starts to pay current interest and principal in equal
installments from 2022 thru maturity.
 Final Maturity:
2046 (or less)
 Annual Debt Service:
2046 Maturity – $237,000 ($263 per unit)
2035 Maturity -- $358,000 (same as current) ($398 per
unit)
 Coupon:
~3.75 – 4.00% average coupon if issued Bonds today if
Rated. Subject to market rates and conditions.
 Call Provision:
Cannot be refinanced for 10 years.
 Rating:
Bonds would require a rating by a credit agency for Rate
described herein.
 Reserve Fund:
½ of One Years Debt Service.
Page 17
6
11/1/2016
11/1/2017
11/1/2018
11/1/2019
11/1/2020
11/1/2021
11/1/2022
11/1/2023
11/1/2024
11/1/2025
11/1/2026
11/1/2027
11/1/2028
11/1/2029
11/1/2030
11/1/2031
11/1/2032
11/1/2033
11/1/2034
11/1/2035
11/1/2036
11/1/2037
11/1/2038
11/1/2039
11/1/2040
11/1/2041
11/1/2042
11/1/2043
11/1/2044
11/1/2045
11/1/2046
2008 Bonds 2016 CABS
(30 Year)
$358,000
$358,000
$358,000
$358,000
$358,000
$358,000
$237,200
$238,600
$234,800
$236,000
$237,000
$237,800
$233,400
$234,000
$234,400
$234,600
$234,600
$234,400
$234,000
$233,400
$237,600
$236,400
$235,000
$233,400
$236,600
$234,400
$237,000
$234,200
$236,200
$237,800
$234,000
2016 CABS
(20 Year)
$358,000
$358,000
$358,000
$358,000
$358,000
$358,000
$358,000
$358,000
$358,000
$358,000
$358,000
$358,000
$358,000
$358,000
Page 18
7
II. Firm Overview and Experience -- FMS
Page 19
8
Overview – Capital, Trading, and Distribution
FMS has wide ranging experience with rated and non-rated bonds.
Sales & Trading
FMS participated in over $2.5 billion of special district bond transactions in the secondary market from 2008 thru 2016 YTD.
Underwriting Expertise
FMS acted as the underwriter on approximately 211 transactions representing approximately $2.23 billion in par value. For
additional details, see Transaction List. FMS has acted as Sole Manager for financings for some of the largest and most
experienced developers and builders, including:
Lennar Homes
Metro Development
CalAtlantic Homes
Starwood Capital
Marathon Capital Management
Pulte Homes
Newland Communities
WCI Communities
DDR Midtown Opportunities
Kolter Communities
Wheelock Street Capital
KB Homes
Dune Capital
Paulson / Greenpointe
Encore Funds
Taylor Morrison
GTIS Partners
FMS’s team is comprised of former Banc of America Securities / Merrill Lynch investment bankers from the Real Estate Group
which led the nation in land secured financings from 2004-2008. FMS is the number one underwriter and trader of non-rated
CDD Bonds in the State of Florida from 2010-2016 YTD.
Summary of Land Secured Transactions (Detailed List Follows)
Non-Rated Land Secured Financings
# of Deals
Volume
143
$1,441,063,243
Rated / Refinancings
47
$406,585,000
Special District Restructurings
21
$388,508,000
211
$2,236,156,243
Total
Page 20
9
Overview – Capital, Trading, and Distribution
Capital, Trading, Distribution:
•
114 professionals to serve institutional and retail clients
•
Over $4B in assets under custody
•
$60 Million Capital
•
47 Municipal Bond Sale Professionals
•
Trades in excess of $4B of bonds annually
•
Sold / traded over $2.5B of special district bonds (08-16 YTD)
Investment Banking Products and Services :
•
Investment banking for tax-exempt and taxable debt
•
Sales and secondary market trading
•
Credit and debt capacity analysis
•
Refunding analysis
•
211 special district new money / refunding (08 – 16 YTD)
•
Over $2.23B par new money / refunding (see Transaction List)
Office Locations:
•
North Miami Beach, Florida
•
Boca Raton, Florida
•
Dallas, Texas
•
Greenwich , Connecticut
•
Bozeman, Montana
•
Denver, Colorado
•
Whippany, New Jersey
Page 21
10
Sales Professionals

Jon Kessler - Executive Director
Mr. Kessler specializes in originating and structuring community development district bonds. Throughout his career, Mr. Kessler has
acted as the senior investment banker on over 300 CDD Bond financings representing approximately $5.0 billion in par. Mr. Kessler
established the CDD Bond investment banking business at FMS in 2009. From 2010-2014, FMS was the #1 underwriter and trader
of Non Rated CDD Bonds in the State of Florida. FMS is among the largest privately held municipal bond broker dealers in the
country. Mr. Kessler joined FMS from Bank of America Merrill Lynch where he held a variety of positions in the Global Corporate
and Investment Bank from 1997 thru 2009. Most recently, Mr. Kessler was a Senior Investment Banker in the Public Finance
Investment Banking Division where he originated and executed land secured infrastructure financings. Additionally, Mr. Kessler
worked in the Real Estate, Lodging & Gaming Investment Banking Group and Mezzanine Group where Mr. Kessler executed a
variety of transactions in the public and private capital markets including: capital-raising and financial advisory transactions, public
and private debt and equity offerings, commercial mortgage backed securitizations and Mezzanine financings, principal
investments, merger and acquisition assignments, leveraged buyouts, asset dispositions, debt restructurings and rating agency
advisory assignments. He holds his undergraduate degree from the University of Michigan.

William Reagan - Director, Investment Banking
Mr. Reagan has been an investment banker in the public finance sector since 1986 bringing more than three decades of investment
banking and governmental finance experience. Prior to joining FMS, Mr. Reagan was a managing director and principal with other
regional and national investment banking firms. Mr. Reagan began his investment banking career serving as an underwriter and
financial advisor for municipalities executing over $6 billion of municipal transactions. Later in his investment banking career, he
developed a specialization in land-based special assessment transactions for large land residential developments, commercial
developments and stand alone dormitory facilities. His experience covers a wide range of innovative financing structures and
marketing of both rated and non-rated debt structures. Mr. Reagan is considered one of the leading senior investment bankers in
the southeastern United States for land based transactions, serving as lead banker for over $2.0 billion. This experience has earned
him an excellent reputation with issuers and major institutional investors. Prior to his investment banking career, Mr. Reagan served
as the elected Clerk of the Circuit Court and County Comptroller for Collier County, Florida. Mr. Reagan has a BA degree in Political
Science from St. Leo University. He is registered with the NASD (series 7, 52, 53, 63).
Page 22
11
Sales Professionals

R.R. “Tripp” Davenport, III - Director
Mr. Davenport has over fourteen years experience in public finance covering government issuers in Texas. Over his career, Mr.
Davenport has participated in financings totaling over $14 billion in long-term new money and bond refinancing transactions. Mr.
Davenport closed the first four special assessment financings for residential master planned communities in Texas. Further, Mr.
Davenport has worked with the Texas Legislature and multiple municipalities as it relates to Texas’ special assessment law and
policies. In 2004, the Governor of the State of Texas appointed Mr. Davenport to serve as commissioner for the Texas Ethics
Commission where he later served as Chairman. Mr. Davenport received his Bachelor’s from the University of Texas at Arlington
and his Doctor of Jurisprudence and Masters from St. Mary’s University as a “Distinguished Graduate”. Mr. Davenport is a
registered Municipal Securities Principal and holds Series 53, 7 & 63 licenses.

Terrence O’Grady - Senior Vice President, Head of Trading, North Miami, FL
Mr. O’Grady has over 30 years of experience trading and underwriting municipal bonds. He is responsible for oversight of all bond
activities.

Theodore A. Swinarski - Senior Vice President, Trading
Mr. Swinarski has over 30 years experience trading and underwriting in the municipal bond industry. He is responsible for all retail
and institutional trading, and underwriting activities. Mr. Swinarski was formerly a Director at UBS/Paine Webber for over 17 years
where he was responsible for trading the Southeastern Region of the United States. He is a former President of The Florida
Municipal Bond Club and a graduate of the University of Florida.

Sean O’Neal - Senior Vice President, Institutional Sales
Mr. O’Neal has over 20 years of experience in municipal high-yield bond trading and institutional sales. He currently deals with
many of the largest and most active municipal bond funds. Mr. O’Neal joined FMSbonds, Inc. from Morgan Stanley. At Morgan
Stanley, Mr. O’Neal was Exec. Director of Institutional Sales and the highest-producing institutional salesperson at that firm. He is a
graduate of Pepperdine University.
Page 23
12
Sales Professionals

Jason Selbach - Vice President, Underwriting
Mr. Selbach has worked in the Public Finance industry since 2002 and has risen through the levels of Analyst, Associate and Vice
President. Mr. Selbach’s strong quantitative skills, combined with his uniquely vast experience with municipal and not-for-profit
issuers provides direct analytical and structuring support to FMS bankers. Mr. Selbach is also responsible for assisting in the
underwriting of Texas Municipal Utility Districts along with numerous other issuers throughout the country. Mr. Selbach received
his Bachelor’s in both Finance and Accounting from the University of Arizona. Mr. Selbach holds the Series 7 and 63 securities
licenses.

Jim Higgins – Executive Director -- Institutional Sales
Mr. Higgins has over 25 years of experience in municipal high-yield bond trading and institutional sales. He currently trades with
many of the largest and most active municipal bond funds on Wall Street. Mr. Higgins was formerly Executive Director and HighYield Product Manager at Morgan Stanley, where he was responsible for daily trading activities, as well as new issue pricing and
structure. Mr. Higgins is a graduate of Holy Cross College.

James Magidson – Executive Director – Institutional Sales
Mr. Magidson has over 22 years of experience in municipal high yield trading and sales. Mr. Magidson has held senior positions at
Jefferies, JP Morgan and Morgan Stanley. Mr. Magidson holds a BA from Boston College.

Mark Viggiano – Executive Director, Municipal Structuring
Mr. Viggiano has over 16 years of experience in Fixed Income with 12 years in municipal finance and institutional sales. He
currently deals with many of the largest and most active municipal bond funds helping them finance bonds using a Tender Option
Bond (TOB) program with Deutsche Bank liquidity; acting as a remarketing agent. Mr. Viggiano joined FMSbonds, Inc. from Morgan
Stanley. At Morgan Stanley, Mr. Viggiano was Vice President of Municipal Capital Markets and managed a TOB program in excess of
26 Billion. He is a graduate of Marist College.
References available upon request
Page 24
13
Transaction List
Sale Date
Amount
2/18/2016
2/18/2016
2/17/2016
2/11/2016
2/3/2016
2/3/2016
2/3/2016
1/27/2016
1/22/2016
1/15/2016
1/12/2016
12/15/2015
12/10/2015
12/8/2015
12/8/2015
11/23/2015
11/20/2015
11/20/2015
11/19/2015
11/18/2015
11/17/2015
11/10/2015
11/6/2015
11/5/2015
10/21/2015
10/20/2015
10/15/2015
10/15/2015
10/14/2015
10/8/2015
9/29/2015
9/17/2015
9/17/2015
9/16/2015
8/28/2015
3,905,000
4,430,000
4,852,000
10,335,000
5,430,000
4,875,000
10,075,000
3,175,000
6,459,743
11,850,000
3,875,000
41,000,000
7,535,000
19,955,000
10,000,000
3,190,000
21,590,000
18,260,000
8,715,000
1,066,000
13,560,000
3,295,000
13,775,000
5,100,000
6,725,000
5,100,000
14,805,000
1,000,000
9,455,000
2,845,000
6,000,000
5,110,000
4,270,000
3,700,000
9,210,000
Issuer
Summit at Fern Hill CDD
Fort Bend Co FWSD No. 1
Riverbend West CDD
Coco Palms CDD
Highland Meadows II CDD
Highlands CDD
Harris Co MUD No. 390
Hammock Bay CDD
Kaufman Co FWSD No. 1-B
Bannon Lakes CDD
Amelia Walk CDD
Centerpointe Intermodal Trust
Winding Cypress CDD
Babcock Ranch CDD
Charlotte County IDA
Flow Way CDD
Viridian MMD Utility
Viridian MMD Road
Carlton Lakes CDD
Interlaken CDD
Baybrook MUD No. 1
Fiddler's Creek CDD #2
Fort Bend Co MUD No. 194
Isles of Bartram Park CDD
Creekside at Twin Creeks CDD
Epperson Ranch CDD
Jefferson Co WC&ID No. 10
TSR CDD
West Harris Co MUD No. 5
Collin Co WC&ID No. 3
Veranda CDD
Wynnmere West CDD
Storey Park CDD
Location
Sponsor
Hillsborough County, Florida
Fort Bend County, Texas
Miami-Dade County, Florida
Davenport, Florida
Harris County, Texas
Walton County, Florida
Kaufman County, Texas
St. Johns County, Florida
Nassau County, Florida
Chicago, IL
Collier County, Florida
Charlotte County, FL
Charlotte County, FL
Tarrant County, Texas
Tarrant County, Texas
Hillsborough County
Miami-Dade County, Florida
Naples, Florida
Fort Bend County, Texas
Pasco County, Florida
Jefferson County, Texas
Collin County, Texas
Port St. Lucie, Florida
Hillsborough, Florida
Orlando, Florida
Lennar
MUD
Lennar
Lennar
Cassity Organization
Cassity Organization
MUD
CDD
MUD
Rialto Capital / Eastland
Paulson / GreenPointe
Centerpointe
Pulte
Kitson/Evergreen
Kitson/Evergreen
Taylor Morrison
MMD
MMD
Hills
Lennar
MUD
MUD
Taylor Morrison / Fiddler's Creek
MUD
CalAtlantic
Encore Funds
Metro/D.E. Shaw
MUD
Wheelock Street/Taylor Morrison
MUD
MUD
MUD
Pulte
Cassidy Org./LGI
Lennar
Description
New Money
Refinancing
New Money
New Money
New Money
New Money
Refinancing
Refinancing
Refinancing
New Money
New Money
New Money
New Money
New Money
New Money
New Money
Refinancing
Refinancing
New Money
New Money
New Money
New Money
New Money
New Money
New Money
New Money BAN
New Money
New Money
New Money
New Money
New Money
New Money
New Money
New Money
New Money
Rating
NR
Baa2 / BAM
NR
NR
NR
NR
BBB- / BAM
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR / BAM
NR / BAM
NR
NR
Baa1
NR
NR
Baa3
NR
NR
NR
A2 / AGM
NR
NR
NR
NR
NR
NR
NR
Page 25
14
Transaction List
Sale Date
8/26/2015
8/26/2015
8/24/2015
8/14/2015
7/16/2015
7/15/2015
6/30/2015
6/23/2015
6/23/2015
6/22/2015
6/4/2015
6/4/2015
6/4/2015
6/1/2015
5/27/2015
5/20/2015
5/14/2015
5/13/2015
5/13/2015
4/29/2015
4/15/2015
4/8/2015
4/6/2015
4/1/2015
3/25/2015
3/26/2015
3/25/2015
3/25/2015
3/1/2015
3/18/2015
3/17/2015
3/11/2015
2/26/2015
2/24/2015
2/19/2015
Amount
4,780,000
12,910,000
1,390,000
4,620,000
18,830,000
1,985,000
30,710,000
5,820,000
310,500
8,035,000
20,485,000
2,065,000
19,235,000
4,190,000
3,050,000
3,335,000
3,500,000
4,570,000
21,465,000
4,285,000
13,530,000
3,165,000
3,025,000
1,295,000
3,950,000
6,600,000
15,455,000
2,485,000
3,750,000
9,055,000
5,200,000
8,965,000
18,720,000
18,555,000
7,295,000
Issuer
Location
Williamson Co MUD No. 13
Old Palm CDD
Cypress Creek Utiltiy District
Union Park CDD
Bartram Park CDD
Harris Co MUD No. 468, Series 2015A
Reunion East CDD
Orchid Grove CDD
Mirabella CDD
Verano #1 CDD
Cypress Creek of Hillsborough Co CDD
Cypress Creek of Hillsborough Co CDD
Reunion East CDD
Windsor at Westside CDD
Ballentrae Hillsborough CDD
Willow Creek Farms MUD
Estancia At Wiregrass CDD
Shingle Creek CDD
Reunion West CDD
Harmony CDD
Six Mile Creek CDD
Montgomery Co MUD No. 119
Flow Way CDD
The Oaks at Shady Creek CDD
South Bay CDD
City Center CDD
Randal Park CDD
Panther Trails CDD
Keys Cove CDD
Mariposa East PID
E Homestead CDD
Country Walk CDD
Williamson County, Texas
Palm Beach County, Florida
Jacksonville, Florida
Osceola County, Florida
Pompano Beach, Florida
St. Lucie County, Florida
Waller County, Texas
Montgomery County, Texas
Polk County, Florida
Orlando, Florida
Homestead, Florida
Rio Rancho, NM
Homestead, Florida
Sponsor
MUD
CDD
MUD
Metro/GTIS
CDD
MUD
CDD
CDD
Eisenhower Property Group
Kolter
Metro/D.E. Shaw
Metro/D.E. Shaw
Bondholders
Pulte
MUD
Cassidy Org./Lennar/LGI
MUD
Standard Pacific
Lennar
Encore Funds
Starwood Capital
Greenpointe/Marathon
MUD
MUD
Taylor Morrison
Lennar
Bondholders
Bondholders
MUD
Mattamy Homes
Hills
CDD
Bondholders
CDD
CDD
Description
Refinancing
Refinancing
New Money
New Money
Refinancing
New Money
Refinancing
Refinancing
New Money
New Money
Refinancing
New Money
Restructuring
New Money
New Money
New Money
New Money
New Money
New Money
New Money
Refinancing
New Money
New Money
New Money
New Money
New Money
Restructuring
Restructuring
New Money
New Money
New Money
Refinancing
Restructuring
Refinancing
Refinancing
Rating
AA / AGM
Bank Loan
A3 / AGM
NR
BBB / NR
A3 / AGM
NR
NR
NR
NR
NR
NR
NR
NR
BBB+ / BAM
NR
Baa2 / AGM
NR
NR
NR
NR
NR
Baa3 / AGM
A3 / AGM
NR
NR
NR
NR
BBB- / AGM
NR
NR
Bank Loan
NR
NR
BBB+ / NR
Page 26
15
Transaction List
Sale Date
Amount
2/12/2015
2/10/2015
2/5/2015
1/14/2015
1/8/2015
12/22/2014
12/19/2014
12/9/2014
11/20/2014
11/20/2014
11/20/2014
11/13/2014
11/6/2014
10/20/2014
10/8/2014
9/29/2014
9/22/2014
9/22/2014
9/16/2014
9/9/2014
9/5/2014
8/19/2014
8/13/2014
8/13/2014
8/13/2014
8/11/2014
7/9/2014
7/9/2014
6/30/2014
6/23/2014
6/18/2014
6/2/2014
5/1/2014
5/1/2014
5/8/2014
9,430,000
19,305,000
4,430,000
30,980,000
3,500,000
3,830,000
44,500,000
16,575,000
3,140,000
4,155,000
2,870,000
59,380,000
8,745,000
3,435,000
15,485,000
2,500,000
10,360,000
5,940,000
2,020,000
10,665,000
6,175,000
8,500,000
5,325,000
2,895,000
17,490,000
10,995,000
6,500,000
3,200,000
4,005,000
4,340,000
14,650,000
14,785,000
1,650,000
1,665,000
16,600,000
Issuer
TSR CDD
Miromar Lakes CDD
A.H. at Turnpike South CDD
Beach Road Golf Estates CDD
La Collina CDD
Solterra CDD
Arborwood CDD
Six Mile Creek CDD
Ballentrae Hillsborough CDD
Wynnmere West CDD
Northern Palm Beach ID
Grand Bay
Highland Meadows II CDD
Grand Bay at Doral CDD
Hemingway CDD
Toscana Isles CDD
Forest Brooke CDD
Rivercrest CDD
Waterset North CDD
Century Gardens at Tamiami CDD
Naples Reserve CDD
Bluewaters CDD
Park Creek CDD
Heritage Bay CDD
Mediterranea CDD
Spring Lake CDD
K Bar Ranch CDD
Century Gardens CDD
Terracina CDD
Harmony CDD
Stoneybrook South CDD
Riverside Park CDD
Silver Palms CDD
West Villages ID
Location
Lee County, Florida
Miami-Dade, Florida
Bonita Springs, Florida
Chicago, IL
Lee County, Florida
Palm Beach, Florida
Miami Dade County, Florida
Venice, Florida
Naples, Florida
Tampa, Florida
Tampa, Florida
Tampa, Florida
Palm Beach, Florida
Sarasota, Florida
Sponsor
Wheelock Street
CDD
Adrian Developers
Lennar
JEN Florida XVII LLC
Kolter
Centerpointe
Bondholders
Bondholders
Cassidy Org.
Cassidy Org.
Kolter Communities
Lennar
Cassidy Org.
107 Ave Doral Properties
13th Floor
Vanguard Land
Lennar
CDD
Newland
Lennar
iStar
CDD
Metro
CDD
Westport Capital
Kolter/NVR
MI/Lennar
CDD
CDD
Starwood Capital
Lennar
CDD
CDD
Lennar
Description
Rating
New Money
Refinancing
New Money
New Money
New Money
New Money
Refinancing - Auction Bonds
Restructuring
Restructuring
New Money
New Money
New Money
New Money
New Money
New Money
New Money
New Money
New Money
New Money
New Money
New Money
New Money
Refinancing
New Money
Refinancing
Restructuring & Sale
New Money
New Money
Refinancing
Refinancing
Refinancing
New Money
Refinancing
Refinancing
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
Bank Loan
NR
NR
NR
Bank Loan
NR
NR
NR
NR
NR
Bank Loan
Bank Loan
NR
NR
Bank Loan
Bank Loan
NR
Page 27
16
Transaction List
Sale Date
Amount
4/22/2014
4/11/2014
4/11/2014
4/1/2014
4/1/2014
3/28/2014
3/28/2014
3/20/2014
3/14/2014
3/8/2014
2/28/2014
2/12/2014
1/28/2014
1/8/2014
11/19/2013
11/19/2013
10/16/2013
10/16/2013
10/16/2013
10/15/2013
10/7/2013
9/30/2013
9/23/2013
7/22/2013
7/1/2013
6/24/2013
6/24/2013
6/11/2013
6/3/2013
5/2/2013
5/21/2013
5/14/2013
5/6/2013
5/3/2013
5/3/2013
92,000,000
23,560,000
1,600,000
3,765,000
5,925,000
28,245,000
2,395,000
6,870,000
12,130,000
11,520,000
840,000
3,785,000
14,390,000
2,305,000
7,010,000
46,000,000
2,630,000
4,815,000
8,500,000
10,690,000
8,730,000
15,430,000
1,860,000
9,630,000
6,460,000
2,425,000
10,590,000
4,525,000
8,085,000
5,905,000
9,300,000
11,795,000
3,825,000
25,000,000
4,030,000
Issuer
Midtown Miami CDD
Sarasota National CDD
Tree Island CDD
South Kendall CDD
Islands At Doral (NE) CDD
Wentworth Estates CDD
South Fork East CDD
Grand Bay @ Doral CDD
Sweetwater Creek CDD
Cutler Cay CDD
Islands at Doral III CDD
Sabal Palm CDD
Lakes By The Bay CDD
Highlands CDD
Flow Way CDD
Gateway CDD
Park Creek CDD
Aventura Isles CDD
Venetian Parc CDD
Bellagio CDD
Estancia At Wiregrass CDD
Mirabella CDD
Union Park CDD
Pelican Marsh CDD
Fiddlers Creek CDD
South Dade Venture CDD
Talis Park CDD
Stonegate CDD
Fiddlers Creek CDD
Stoneybrook South CDD
East Homestead CDD
Venetian Isles CDD
Liberty County Industrial Auth.
Mediterra South CDD
Location
Sarasota, Florida
Doral, Florida
Miami, Florida
Doral, Florida
Broward County, Florida
Miami, Florida
Tampa, Florida
Naples, Florida
Chicago, IL
Tampa, Florida
Tampa, Florida
Miami, Florida
Miami, Florida
Miami, Florida
Tampa, Florida
Tampa, Florida
Tampa, Florida
Naples, Florida
Naples, Florida
Miami, Florida
Naples, Florida
Miami, Florida
Naples, Florida
Orlando, Florida
Miami, Florida
Miami, Florida
Liberty County, GA
Naples, Florida
Sponsor
Description
DDR/Midtown Opp.
WCI
CDD
CDD
CDD
Lennar
Lennar / William Ryan
Lennar
Lennar
CDD
Lennar
13th Floor
CDD
Cassidy Homes
Taylor Morrison
Centerpointe
CDD
Metro / Dune Capital
Encore Funds
Lennar
Lennar
Standard Pacific
Hills / KB Home
Metro / Golden Tree
CDD
CDD
CDD
Kitson
CDD
CDD
Lennar
CDD/Lennar
CDD
Starwood Capital
CDD
Refinancing
Refinancing
Refinancing
Refinancing
New Money
Restructuring
Refinancing
New Money
New Money
Refinancing
New Money
New Money
New Money
Refinancing
New Money
New Money
New Money
New Money
New Money
New Money
New Money
Refinancing
Refinancing
Refinancing
New Money
Refinancing
Refinancing
New Money
New Money
Refinancing
New Money
Refinancing
Rating
NR
NR
Bank Loan
Bank Loan
Bank Loan
NR
NR
NR
NR
Bank Loan
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
A+
NR
NR
Page 28
17
Transaction List
Sale Date
Amount
4/24/2013
4/8/2013
4/11/2013
4/24/2013
4/9/2013
4/1/2013
3/27/2013
3/26/2013
3/25/2013
3/18/2013
3/4/2013
3/4/2013
3/4/2013
3/4/2013
1/14/2013
12/21/2012
12/21/2012
12/19/2012
12/8/2012
11/27/2012
10/18/2012
10/2/2012
9/10/2012
9/4/2012
8/30/2012
8/28/2012
8/21/2012
7/16/2012
6/20/2012
6/6/2012
5/31/2012
5/17/2012
5/4/2012
5/4/2012
5/3/2012
21,500,000
2,455,000
2,970,000
4,260,000
15,000,000
5,420,000
5,720,000
8,050,000
5,730,000
2,135,000
15,920,000
2,595,000
1,425,000
6,170,000
2,860,000
2,820,000
6,225,000
48,000,000
19,750,000
6,730,000
11,625,000
8,240,000
16,950,000
1,660,000
7,610,000
12,345,000
94,985,000
10,220,000
3,180,000
25,060,000
2,830,000
5,115,000
19,450,000
3,175,000
13,455,000
Issuer
Islands at Doral III CDD
Wyndam Park CDD
Spicewood CDD
Parklands Lee CDD
Connerton West CDD
Oakmont Grove CDD
South Fork East CDD
Bartram Park CDD
Portofino Isles CDD
Hemingway CDD
Verandah West CDD
Sausalito Bay CDD
Cory Lakes CDD
Belmont CDD
Highlands CDD
Cypress Shadows CDD A Bonds
Cypress Shadows CDD B Bonds
Landmark at Doral CDD
University Square CDD
Grand Bay CDD
Bainebridge CDD
Reunion West CDD
Villa Portofino East CDD
Pelican Marsh CDD
Miromar Lakes CDD
Tolomato CDD
Cordoba Ranch CDD
Triple Creek CDD
Bartram Park CDD
Trails at Monterey CDD
Randal Park CDD
Venetian CDD
Interlaken CDD
Mediterra South CDD
Location
Miami, Florida
Miami, Florida
Miami, Florida
Ft Myers, Florida
Tampa, Florida
Tampa, Florida
St. Lucie County, Florida
Miami, Florida
Ft Myers, Florida
Miami, Florida
Tampa, Florida
Tampa, Florida
Tampa, Florida
Lee County, Florida
Lee County, Florida
Chicago, IL
Miami, Florida
Lee County, Florida
Miami, Florida
Orlando, Florida
Homestead, Florida
Lee County, Florida
Duval,
Orlando, Florida
Venice, Florida
Sponsor
CDD
CDD
CDD
CDD
Encore Funds
Kolter
Bondholders
Standard Pacific
CDD
13th Floor
Kolter
CDD
Kolter
Paulson/GP
Private
Cameratta
Cameratta
Centerpointe
Lennar
Miromar
Lennar
Lennar
Encore Funds
CDD
CDD
CDD
Bondholders
Westport/BTI
Greenpoint/Paulson
Bondholders
CDD
Wheelock Street
CDD / WCI
Lennar
CDD
Description
Refinancing
Refinancing
Refinancing
Refinancing
New Money
Restructuring
Refinancing
New Money
Refinancing
Refinancing
New Money
New Money
New Money
New Money
New Money
New Money
Refinancing
New Money
New Money
Refinancing
Refinancing
Restructuring
New Money
Refinancing
New Money
Refinancing
New Money
Refinancing
Rating
AABBB
A-/NR
NR
NR
NR
NR
BBBNR
NR
ANR
NR
NR
NR
NR
NR
NR
NR
NR
NR
N/R
NR
NR
NR
NR
NR
NR
NR
S&P "A-"
NR
NR
NR
S&P "BBB-"
Page 29
18
Transaction List
Sale Date
Amount
5/1/2012
4/23/2012
4/16/2012
4/12/2012
4/2/2012
3/29/2012
3/21/2012
3/15/2012
3/15/2012
3/8/2012
3/2/2012
2/23/2012
2/23/2012
1/27/2012
12/15/2011
11/16/2011
11/7/2011
8/30/2011
8/19/2011
8/1/2011
7/20/2011
7/11/2011
5/27/2011
5/2/2011
3/15/2011
2/15/2011
2/7/2011
1/12/2011
1/11/2011
1/7/2011
11/27/2010
9/15/2010
7/26/2010
3/11/2010
3,965,000
4,305,000
14,350,000
9,185,000
2,780,000
5,160,000
23,890,000
6,920,000
8,565,000
8,770,000
1,650,000
9,695,000
14,785,000
2,795,000
48,000,000
4,400,000
19,224,000
8,160,000
3,380,000
11,980,000
680,000
13,550,000
25,870,000
13,060,000
9,055,000
2,655,000
9,295,000
25,000,000
3,735,000
12,720,000
33,000,000
4,945,000
11,369,000
13,255,000
Issuer
Century Gardens at Tamiami CDD
Century Parc CDD
Baywinds CDD
South Dade Venture CDD
Penthathlon CDD
Lake Powell CDD
Lakes By The Bay CDD
Renaissance CDD
Amelia Walk CDD
Parklands West CDD
Osprey Oaks CDD
Hawks Point CDD
Vizcaya In Kendall CDD
Interlaken CDD
Cypress Shadows CDD
Paseo CDD
Fishhawk CDD
Enclave at Black Pont Marina CDD
Palm Glades CDD
K Bar Ranch CDD
Concorde Estates CDD
River Hall CDD
East Homestead CDD
Magnolia Park CDD
Panther Trails CDD
Bridgewater CDD
Arborwood CDD
Terra Bella CDD
Harrison Ranch CDD
Quarry CDD
South Kendall CDD
Overoaks CDD
Live Oak No 2 CDD
Location
Homestead, Florida
Homestead, Florida
Bay County, Florida
Lee County, Florida
Nassau County, Florida
Bonita Springs, Florida
Joliet, IL
Ft Myers, Florida
Lee County, Florida
Osceloa County, Florida
Lee County, Florida
Homestead, Florida
Lakeland, Florida
Ft Myers, Florida
Manatee County, Florida
Ft Myers, Florida
Tampa, Florida
Sponsor
Lennar
CDD
Lennar
CDD
CDD
CDD
CDD/Lennar
CDD
Paulson/Greenpoint
CDD
Blackrock
Lennar
Lennar
Lennar
Centerpointe
Cameratta
Bondholders/Stock
Newland
Lennar
Lennar
CDD/Mobley
Bondholders
Paulson/Greenpoint
Lennar
Pulte
CDD/Lennar
Crescent
Pulte
Starwood Capital
Pulte
Pulte
CDD
Bondholders
Starwood Capital
Description
Rating
B Bond Refinancing
Refinancing
B Bond Refinancing
Refinancing
Refinancing
Refinancing
New Money
Refinancing
Refinancing
Refinancing
New Money
Refinancing
New Money - BANS
Refinancing - Auction Bonds
New Money
Restructuring
New Money
B Bond Refinancing
B Bond Refinancing
New Money
Restructuring
B Bond Refinancing
Restructuring - Tende
New Money
Restructuring
Restructuring - Tender
New Money
New Money
Restructuring
NR
S&P "A-"
NR
S&P "BBB-"
S&P "A-"
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
NR
Page 30
19
Transaction List
Sale Date
1/14/2010
6/17/2009
Amount
2,650,000
24,000,000
2,236,156,243
Issuer
Walnut Creek CDD
Colonial Pinnacle CDD
Location
Pembroke Pines, Florida
New Orleans, LA
Sponsor
CDD
Colonial Properties
Description
New Money
Rating
S&P "A-"
NR
Page 31
20
Walnut Creek
Financial Report For
February 2016
Page 32
MONTHLY FINANCIAL REPORT
OPERATING FUND
FEBRUARY 2016
Annual
Budget
10/1/15 - 9/30/16
REVENUES
ADMINISTRATIVE ASSESSMENTS
MAINTENANCE ASSESSMENTS
DEBT ASSESSMENTS (2008)
MISCELLANEOUS INCOME
INTEREST INCOME
TOTAL REVENUES
EXPENDITURES
ADMINISTRATIVE EXPENDITURES
SUPERVISOR FEES
PAYROLL TAXES - EMPLOYER
ENGINEERING
LEGAL FEES
AUDIT FEES
MANAGEMENT
POSTAGE
OFFICE SUPPLIES/PRINTING
INSURANCE
LEGAL ADVERTISING
MISCELLANEOUS
DUES & SUBSCRIPTIONS
ASSESSMENT ROLL
TRUSTEE FEES
CONTINUING DISCLOSURE FEE
WEBSITE MANAGEMENT
TOTAL ADMINISTRATIVE EXPENDITURES
MAINTENANCE EXPENDITURES
FIELD MAINTENANCE
OPERATIONS MANAGEMENT
SECURITY SERVICES
LANDSCAPE MAINTENANCE
TELEPHONE
ELECTRIC
WATER & SEWAGE
GUARD HOUSE - VISITOR PASSES
DRAINAGE/IRRIGATION MAINTENANCE
GATEHOUSE MAINTENANCE
LAKE & PRESERVE MAINTENANCE
SIGNAGE
STREETLIGHT MAINTENANCE
Actual
Feb-16
137,958
1,022,931
381,311
130,452
0
1,250
$
1,673,902
3,618
26,853
10,010
3,425
0
131
$
10,000
800
15,000
18,000
3,800
41,736
1,400
3,300
14,120
1,200
6,000
175
7,500
5,400
1,000
1,500
$
130,931
5,000
12,000
290,000
420,000
10,500
77,000
5,000
8,400
8,000
23,000
40,000
2,000
5,000
Year
To Date
Actual
10/1/15 - 2/29/16
44,037
125,798
932,877
347,770
118,974
7,290
544
$
1,000
77
4,014
1,923
0
3,478
45
247
0
0
353
0
0
0
0
125
$
11,262
0
1,000
21,207
26,832
665
4,640
576
675
0
905
5,238
0
0
1,533,253
2,800
214
14,106
5,275
0
17,390
229
1,816
12,651
0
3,662
175
0
1,420
0
625
$
60,363
2,500
5,000
112,621
154,219
3,322
28,228
847
3,375
5,960
12,074
16,650
144
0
Page 33
MONTHLY FINANCIAL REPORT
OPERATING FUND
FEBRUARY 2016
Annual
Budget
10/1/15 - 9/30/16
26,000
6,000
12,000
50,000
0
0
WATERFALL MAINTENANCE
LIGHTING
MISCELLANEOUS MAINTENANCE
OPERATING RESERVE/CONTINGENCY
STORMWATER MANAGEMENT
CAPITAL OUTLAY
Year
To Date
Actual
10/1/15 - 2/29/16
9,463
3,226
325
6,660
5,835
5,000
Actual
Feb-16
1,380
0
0
0
5,835
0
TOTAL MAINTENANCE EXPENDITURES
$
999,900
$
68,953
$
375,449
TOTAL EXPENDITURES
$
1,130,831
$
80,215
$
435,812
EXCESS OR (SHORTFALL)
$
543,071
$
(36,178) $
1,097,441
PAYMENT TO TRUSTEE (2008)
PAYMENT TO TRUSTEE (2010)
BALANCE
(358,432)
(122,625)
$
$
(33,453)
(66,906)
COUNTY APPRAISER & TAX COLLECTOR FEE
DISCOUNTS FOR EARLY PAYMENTS
EXCESS/ (SHORTFALL)
62,014
$
CARRY FORWARD SURPLUS
38,345
$
-
Bank Balance As Of 1/31/16
Funds Received: 2/1/16 - 2/29/16
Disbursements: 2/1/16 - 2/29/16
Bank Balance As Of 2/29/16
Accounts Payable As Of 2/29/16
Accounts Receivable As Of 2/29/16
Other Assets As Of 2/29/16
Available Funds As Of 2/29/16
$
$
$
$
$
$
$
$
1,107,269.41
42,192.22
72,552.56
1,076,909.07
77,208.53
7,069.00
350.00
1,007,119.54
(327,472)
(112,030)
(49,049) $
657,939
(858)
(985)
(38,345) $
NET EXCESS/ (SHORTFALL)
(9,590)
(3,281)
(50,892) $
0
$
(50,892) $
(29,312)
(59,711)
568,916
0
568,916
Page 34
Budget vs. Actual
October 2015 through February 2016
Oct '15 - Feb 16
Budget
$ Over Budget
% of Budget
Income
01-3100 · Administrative Assessment
125,798.10
137,958.00
-12,159.90
91.19%
01-3200 · Maintenance Assessment
932,877.25
1,022,931.00
-90,053.75
91.2%
01-3810 · Debt Assessments (Series 2008)
347,769.70
381,311.00
-33,541.30
91.2%
01-3811 · Debt Assessments (Series 2010)
118,973.85
130,452.00
-11,478.15
91.2%
01-3820 · Debt Assess-Paid To Trustee-08
-327,472.30
-358,432.00
30,959.70
91.36%
01-3821 · Debt Assess-Paid To Trustee-10
91.36%
-112,029.90
-122,625.00
10,595.10
01-3830 · Assessment Fees
-29,311.90
-33,453.00
4,141.10
87.62%
01-3831 · Assessment Discounts
-59,711.34
-66,906.00
7,194.66
89.25%
01-9000 · Bond Prepayments (Series 2008)
2,071.67
0.00
2,071.67
100.0%
01-9001 · Bond Prepayments (Series 2010)
1,554.81
0.00
1,554.81
100.0%
01-9010 · Prepaid Bonds To Trustee (2008)
-2,071.67
0.00
-2,071.67
100.0%
01-9011 · Prepaid Bonds To Trustee (2010)
-1,554.81
0.00
-1,554.81
100.0%
7,290.00
0.00
7,290.00
100.0%
543.72
1,250.00
-706.28
43.5%
0.00
38,345.00
-38,345.00
0.0%
1,004,727.18
1,130,831.00
-126,103.82
88.85%
26.78%
01-9400 · Miscellaneous Income
01-9410 · Interest Income
01-9411 · Carryover From Prior Year
Total Income
Expense
01-1307 · Payroll tax expense
214.20
800.00
-585.80
2,800.00
10,000.00
-7,200.00
28.0%
01-1310 · Engineering
14,106.25
15,000.00
-893.75
94.04%
01-1311 · Management Fees
17,390.00
41,736.00
-24,346.00
41.67%
5,275.20
18,000.00
-12,724.80
29.31%
01-1318 · Assessment/Tax Roll
0.00
7,500.00
-7,500.00
0.0%
01-1320 · Audit Fees
0.00
3,800.00
-3,800.00
0.0%
12,651.00
14,120.00
-1,469.00
89.6%
0.00
1,200.00
-1,200.00
0.0%
3,661.90
6,000.00
-2,338.10
61.03%
01-1308 · Supervisor Fees
01-1315 · Legal Fees
01-1450 · Insurance
01-1480 · Legal Advertisements
01-1512 · Miscellaneous
01-1513 · Postage and Delivery
228.80
1,400.00
-1,171.20
16.34%
1,815.83
3,300.00
-1,484.17
55.03%
175.00
175.00
0.00
100.0%
1,420.00
5,400.00
-3,980.00
26.3%
0.00
1,000.00
-1,000.00
0.0%
625.00
1,500.00
-875.00
41.67%
112,621.29
290,000.00
-177,378.71
38.84%
12,073.95
23,000.00
-10,926.05
52.5%
3,375.00
8,400.00
-5,025.00
40.18%
154,218.50
420,000.00
-265,781.50
36.72%
16,650.00
40,000.00
-23,350.00
41.63%
01-1805 · Stormwater Management
5,835.00
0.00
5,835.00
100.0%
01-1808 · Drainage/Irrigation Maintenance
5,959.88
8,000.00
-2,040.12
74.5%
144.00
2,000.00
-1,856.00
7.2%
28,227.98
77,000.00
-48,772.02
36.66%
01-1514 · Office Supplies
01-1540 · Dues, License & Subscriptions
01-1550 · Trustee Fees (GF)
01-1551 · Continuing Disclosure Fee
01-1570 · Website Management
01-1601 · Security Services
01-1603 · Gatehouse Maintenance
01-1606 · Guard house-Visitor Passes
01-1802 · Lawn (Landscape) Maintenance
01-1803 · Lake & Preserve Maintenance
01-1812 · Signs
01-1814 · Electricity
01-1815 · Miscellaneous Maintenance
01-1816 · Telephone
01-1817 · Water & sewer
325.00
12,000.00
-11,675.00
2.71%
3,321.66
10,500.00
-7,178.34
31.64%
16.94%
846.80
5,000.00
-4,153.20
01-1818 · Field Management
2,500.00
5,000.00
-2,500.00
50.0%
01-1821 · Waterfall Maintenance
9,462.76
26,000.00
-16,537.24
36.4%
0.00
5,000.00
-5,000.00
0.0%
01-1826 · Lighting
01-1824 · Streetlight Maintenance
3,226.00
6,000.00
-2,774.00
53.77%
01-1899 · Operating Reserve/Contingency
6,660.00
50,000.00
-43,340.00
13.32%
01-2311 · Operations Management
5,000.00
12,000.00
-7,000.00
41.67%
01-5930 · Operating ReserveCapital Outlay
Total Expense
Net Income
5,000.00
0.00
5,000.00
100.0%
435,811.00
1,130,831.00
-695,020.00
38.54%
568,916.18
0.00
568,916.18
100.0%
Page 35
Check Register
February 2016
Check #
Date
3113
3114
3115
3116
3117
3118
3119
3120
PR 2/2/16
PR 2/2/16
PR 2/2/16
3121
3122
3123
3124
3125
3126
3127
3128
3129
3130
3131
3132
TOTAL
02/01/2016
02/01/2016
02/01/2016
02/01/2016
02/01/2016
02/01/2016
02/01/2016
02/01/2016
02/05/2016
02/05/2016
02/05/2016
02/10/2016
02/10/2016
02/10/2016
02/10/2016
02/19/2016
02/19/2016
02/19/2016
02/19/2016
02/19/2016
02/19/2016
02/19/2016
02/19/2016
Vendor
Billing, Cochran, Lyles, Mauro
City of Pembroke Pines
Code 1 Electrical
Express Air Conditioning
FPL
Johnson Engineering, Inc.
Mainguy Landscape Services
Payroll Processing
Paymaster - Payroll Taxes
Supervisor Fees
Comcast (8939)
Comcast (9044)
Kent Security of Palm Beach, Inc.
Safe Technologies, Corp
VOID
VOID
AMS Printing
Arrest-a-Pest LLC
Hancock Bank (Tax Receipts)
VOID
Office Depot Credit Plan
U.S. Bank (Tax Receipts)
Amount
902.00
92.64
730.00
325.00
5,984.58
7,577.50
12,281.00
5,307.55
121.50
153.00
923.50
263.15
268.72
23,126.73
775.00
0.00
0.00
675.00
130.00
3,280.80
0.00
44.89
9,590.00
72,552.56
Page 36
Walnut Creek CDD
Balance Sheet
As of February 29, 2016
Operating Fund
ASSETS
Current Assets
Checking/Savings
CenterState Bank
CD's
Total Checking/Savings
Total Current Assets
Other Assets
Investments - Interest Account
Investments - Reserve Fund
Investments - Revenue Account
Investments - Prepayment Fund
Investments - Redemption Account
Investments - Principal
Petty Cash
Accounts Receivable
A/R Interest
A/R Non Ad Valorem Receipts
Land & Land Improvements
2010 Project Improvements
2014 Inprovements
Infrastructure
Equipment
Depreciation - Infrastructure
Depreciation - Equipment
Amount Available In DSF (2008)
Amount Available In DSF (2010)
Amount To Be Provided
Total Other Assets
TOTAL ASSETS
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accrued Expense Sundry
Accounts Payable
Total Current Liabilties
Long Term Liabilities
Special Assessment Debt (2008)
Special Assessment Debt (2010)
Total Long Term Liabilities
Total Liabilities
Equity
Retained Earnings
Net Income
Current Year Depreciation
Investment In Gen Fixed Assests
Total Equity
TOTAL LIABILITIES & EQUITY
Debt Service (2008) Fund
Debt Service (2010) Fund
General Fixed Assets
TOTAL
Long Term Debt
1,076,909.07
0.00
1,076,909.07
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1,076,909.07
0.00
1,076,909.07
1,076,909.07
0.00
0.00
0.00
0.00
1,076,909.07
0.00
0.00
0.00
0.00
0.00
0.00
350.00
7,069.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
7,419.00
0.00
35,950.85
370,178.07
4,951.02
0.00
0.00
0.00
0.00
0.00
9,592.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
420,671.94
0.00
128,662.75
146,180.48
0.00
3,966.49
0.01
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
278,809.73
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
6,327,392.00
1,746,100.00
66,674.00
3,123,376.00
30,534.00
-1,796,807.00
-16,053.00
0.00
0.00
0.00
9,481,216.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
420,671.94
278,809.73
2,540,518.33
3,240,000.00
0.00
164,613.60
516,358.55
4,951.02
3,966.49
0.01
350.00
7,069.00
0.00
9,592.00
6,327,392.00
1,746,100.00
66,674.00
3,123,376.00
30,534.00
-1,796,807.00
-16,053.00
420,671.94
278,809.73
2,540,518.33
13,428,116.67
1,084,328.07
420,671.94
278,809.73
9,481,216.00
3,240,000.00
14,505,025.74
0.00
77,208.53
77,208.53
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
77,208.53
77,208.53
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1,850,000.00
1,390,000.00
3,240,000.00
1,850,000.00
1,390,000.00
3,240,000.00
77,208.53
0.00
0.00
0.00
3,240,000.00
3,317,208.53
438,203.36
568,916.18
0.00
0.00
1,007,119.54
136,708.13
283,963.81
0.00
0.00
420,671.94
203,883.73
74,926.00
0.00
0.00
278,809.73
-1,812,860.00
0.00
0.00
11,294,076.00
9,481,216.00
0.00
0.00
0.00
0.00
0.00
-1,034,064.78
927,805.99
0.00
11,294,076.00
11,187,817.21
1,084,328.07
420,671.94
278,809.73
9,481,216.00
3,240,000.00
14,505,025.74
Page 37
Walnut Creek CDD
Debt Service (Series 2008) Profit & Loss Report February 2016
Year
Annual
To Date
Budget
Actual
Actual
10/1/15 - 9/30/16
Feb-16
10/1/15 - 2/29/16
Revenues
Interest Income
100
2
5
NAV Tax Collection
358,432
9,590
327,472
Bond Prepayments
0
0
2,072
Total Revenues
$
358,532
$
9,592
$
329,549
Expenditures
Principal Payments
Additional Principal Payments
Interest Payments
270,000
0
0
3,851
0
0
84,681
0
45,587
Total Expenditures
$
358,532
$
-
$
45,587
Excess/ (Shortfall)
$
-
$
9,592
$
283,962
Page 38
Walnut Creek CDD
Debt Service (Series 2010) Profit & Loss Report February 2016
Year
Annual
To Date
Budget
Actual
Actual
10/1/15 - 9/30/16
Feb-16
10/1/15 - 2/29/16
Revenues
Interest Income
100
2
9
NAV Tax Collection
122,625
3,281
112,030
Bond Prepayments
0
0
1,555
Total Revenues
$
122,725
$
3,283
$
113,594
Expenditures
Principal Payments
Interest Payments
40,000
0
0
6,687
0
0
76,038
0
38,668
Total Expenditures
$
122,725
$
-
$
38,668
Excess/ (Shortfall)
$
-
$
3,283
$
74,926
Page 39
WALNUT CREEK CDD
TAX COLLECTIONS
2015 - 2016
#
ID#
Payment From
1
1 Broward Cty Tax Collector
2
3
4
5
6 Int - 1 Broward Cty Tax Collector
7
8
9
10
11
12
13
14
15
16
17
18
DATE
11/24/15
12/08/15
12/11/15
12/30/15
01/15/16
01/25/16
02/12/16
03/17/16
FOR
NAV Taxes
NAV Taxes
NAV Taxes
NAV Taxes
NAV Taxes
Interest
NAV Taxes
NAV Taxes
Tax Collect
Receipts Gross
Interest
Received
$ 144,703.68
$ 1,163,624.02
$
62,120.30
$
67,758.32
$
43,194.44
112.80
43,905.34
37,400.00
$1,562,706.10
Discount
Net From Tax
Collector
Maintenance
Assessment
Income
(Before
Discounts &
Fees)
Series 2008
Debt
Assessment
Income
(Before
Discounts &
Fees)
Series 2010
Debt
Assessment
Income
(Before
Discounts &
Fees)
Admin
Assessment
Income
(After
Discounts &
Fees)
Maintenance
Assessment
Income
(After
Discounts &
Fees)
Series 2008
Debt
Assessment
Income
(After
Discounts &
Fees)
Series 2010
Debt
Assessment
Income
(After
Discounts &
Fees)
$1,672,652
$1,572,292
$137,958
$129,680
$1,022,931
$961,555
$381,311
$358,432
$130,452
$122,625
$137,958
$129,680
$1,022,931
$961,555
$381,311
$358,432
$130,452
$122,625
11,208.40
90,209.39
4,822.09
5,260.71
3,383.44
112.80
3,465.93
2,987.99
$ 83,192.30
$ 669,563.30
$ 35,791.00
$ 39,046.40
$ 25,112.75
$ 31,013.50
$ 249,608.25
$ 13,342.60
$ 14,556.15
$
9,361.80
$
$
$
$
$
10,609.90
85,392.25
4,564.60
4,979.70
3,202.65
$
$
$
$
$
$
3,280.80
2,828.55
$ 121,450.75
$ 900,585.90
136,024.10
$ (5,903.58) $
$ (46,508.52) $ 1,094,773.19
58,520.29
$ (2,405.71) $
63,842.96
$ (2,612.45) $
$
41,060.64
$ (1,295.83)
$
112.80
42,061.68
(858.41) $
(985.25) $
36,248.84
(739.76) $
(411.40) $
$
$
$
$
$
$
$
$
$
$
-
$ (2,776.00)
$ (22,342.31)
$ (1,194.30)
$ (1,302.91)
$
(837.97)
$
$
$
Commission
Paid
Admin
Assessment
Income
(Before
Discounts &
Fees)
$
$
$
112.80
$ (30,051.66) $ (60,122.74) $ 1,472,644.50
$
$
$
$
$
$
$
$
11,923.63
95,882.67
5,118.70
5,583.27
3,559.19
112.80
3,617.84
3,082.80
$ 128,880.90
$
$
$
$
$
88,500.75
711,672.45
37,992.80
41,441.00
26,417.75
$
$
26,852.50
22,858.80
$ 955,736.05
$ 32,992.40 $
$ 265,306.25 $
$ 14,163.40 $
$ 15,448.90 $
$
9,848.35 $
$
$
10,010.40 $
8,540.00 $
$ 356,309.70
11,286.90
90,762.65
4,845.40
5,285.15
3,369.15
3,424.60
2,918.40
$ 121,892.25
$
$
$
$
$
$
$
$
25,724.95
22,155.20
9,590.00
8,277.10
$ 335,749.40
$ 114,858.45
Series 2008
Debt
Assessment
Paid to
Trustee
$358,432
1,562,706.10
112.80
(128,880.90)
(955,736.05)
(356,309.70)
(121,892.25)
0.00
$122,625
$ 31,013.50
$ 249,608.25
$ 13,342.60
$ 14,556.15
$
9,361.80
$
$
9,590.00
$
8,277.10
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$ 335,749.40
$ 114,858.45
Note: $1,672,652, $137,958, $1,022,931, $381,311 and $130,452 are 2015/2016 budgeted
assessments before discounts and fees.
$1,572,292, $129,680, $961,555, $358,432 and $122,625 are 2015/2016 budgeted
assessments after discounts and fees.
$
$
$
$
$
$
$
Series 2010
Debt
Assessment
Paid to
Trustee
$ 1,472,644.50
$ (121,450.75)
$ (900,585.90)
$ (335,749.40)
$ (114,858.45)
$
-
Page 40
10,609.90
85,392.25
4,564.60
4,979.70
3,202.65
3,280.80
2,828.55
-
Capital Expenditures
September 2012 through March 2016
Date
Invoice #
Vendor
Description
Amount
Capital Outlay
09/29/2012
Inv# 16092
Inv# 16092 install mahoganies deposit
15,120.00
09/30/2012
Inv# 16092
Inv# 16092 install 105 Swietenia Mahoganii
26,880.00
12/26/2012
Inv# 18526
Applications by Design, Inc.
Module installed on IPAD
12/27/2012
Inv# 16373
Inv# 16373 living fence
12/31/2012
Inv# 2012-990
Inv# 2012-990 December 2012 IPAD for gate
03/18/2013
Inv# 16650
Inv# 16650 install living fence
7,500.00
72,500.00
1,080.00
10,000.00
629.99
04/30/2013
Inv# 16770
Inv# 16770 install living fence
09/17/2013
Inv# 7263
Inv# 7263 - Cameras 50 % deposit ($9,524.10 total)
4,492.50
09/17/2013
Inv# 7264
Inv# 7264 - Cameras 50 % deposit ($13,880.00 total)
6,940.00
10/30/2013
Inv# 17320
Inv# 17320 install trees
5,650.00
10/30/2013
Inv# 17321
Inv# 17321 install Clusia in rear of 7954 NW 18 Ct
4,000.00
11/11/2013
Inv# 7400
Inv# 7400 CCTV system-Sheridan Street (balance due)
4,492.50
11/11/2013
Inv# 7401
Inv# 7401 cameras (balance due)
6,940.00
11/27/2013
Inv# 17372
Inv# 17372 install 120 Clusia Rosea
4,800.00
01/29/2014
Inv# 17600
4,800.00
01/29/2014
Inv# 17548
3,200.00
02/20/2014
Inv# 17659
Inv# 17659 install Clusia Rosea
1,875.00
02/28/2014
Inv# 17718
2,240.00
03/31/2014
Inv# 17769
Inv# 17769 install Swietenia Mahoganii 3/18/14
1,100.00
07/31/2014
Inv# 18117
2,040.00
08/20/2014
Inv# 18121
2,040.00
11/14/2014
Inv# 18252
2,100.00
02/26/2015
Inv# 9506
Inv# 9506 - Installation Of New Barcode - 50% deposit
5,472.50
04/30/2015
Inv# 9863
Installation Of New Barcode
5,472.50
06/03/2015
Inv# 9979
50% Deposit For Sheridan Barrier Gate Motor
1,137.00
06/03/2015
Inv# 9980
50% Deposit For HD Overview Day/Night Camera
462.50
06/25/2015
Inv# 399
Miami Landscape Lighting
50% Deposit For LED Landscape Lighting System
4,718.00
06/25/2015
Inv# 111553
Allstate Resource Management
50% Deposit For Headwall Repair (2,827.50) & Lake Bank Restoration (3,125)
5,952.50
07/02/2016
Inv #111589
Final Payment For Headwall Repair Project
2,827.50
07/21/2015
Inv# 10196
Sheridan Barrier Gate Motor (balance due)
1,137.00
07/31/2015
Inv# 405
Miami Landscape Lighting
LED Landscape Lighting System (balance due)
4,717.00
08/19/2015
Inv# 112778
50% Deposit For Erosion Control
3,760.00
12/01/2015
Inv# 31632359
Fast Signs
50% Deposit For Refacing Monuments - New Tiles & Letters
2,775.00
01/08/2016
Inv# 31653213
Fast Signs
Final Payment - Refacing Monuments - New Tiles & Letters
2,225.00
0.00
Total
231,076.49
Funds Available For Capital Expenditures
$240,000.00
Capital Expenditures As Of 3/28/16
$ 231,076.49
Available Capital Funds Balance As Of 3/28/16
$
8,923.51
Page 41
SECURITY REPORT/UPDATE
TO BE DISTRIBUTED
UNDER SEPARATE COVER
Page 42
From: Christopher Wood [mailto:[email protected]]
Sent: Sunday, March 6, 2016 11:05 AM
To: Gloria Perez <[email protected]>
Subject: RE: Fwd: WC Rear Gate Incident
I am sending this email to set up an appeal on the ruling having to do with the matter of the gate
closing on my car. I was not able to attend the last meeting and I was not satisfied with the
outcome therefore I'd like a chance to have it rescheduled so I can address the Board personally.
At that time I would also like to address with the board the condition of the ground behind my
house that they are responsible for maintaining please let me know that this rehearing or appeal
has been granted and at what meeting in time it will be
Page 43
Incident Report
Walnut Creek
1800 NW 76th Avenue
Pembroke Pines, FL 33024
tel: 954 981-3549
Reporting Officer: Donald Warren
Post Description: Roving Patrol
Incident Date: 2015-11-27 at 02:22:PM
Type of Incident(s)
Auto Accident
Witnesses/Victims/Subjects
Subject
Chris Wood
Address
7359 NW 23 St.
Phone
9542431305
Notes:
N/A
Page 44
Other Individuals who have knowledge of this incident
Who was notified?
Police
Officer Trabue
Notified at 02:21 PM
Case or Alarm #
079231
Notes:
N/A
Details
Describe in detail what occurred (Who, When, Where and How)
A resident was stationed in front of the West Side Exit Gate due to an incident that just occurred. Mr. Chris
Wood was driving an older model Ford tag # attempted to exit the property in the same lane the car was
stationed in. Mr. Wood seen that the car was not moving so he switched lanes to go around the car. At the
same time Mr. Wood was switching lanes the East side gate open for a vehicle leaving causing Mr. Wood
car and the gate to collide. No damages was done to the gate but Mr. Wood car sustained a minor dent to
the chrome molding of the front driver side fender and a couple of scratches to the paint. No injuries were
reported. Pembroke Pines Police responded and issued case # 079231.
Image Uploads
Signature
Form submitted November 30, 2015 at 7:27pm
Donald Warren
Page 45
Page 46
Page 47
Page 48
From: Christopher Wood [mailto:[email protected]]
Sent: Tuesday, February 23, 2016 11:23 AM
To: Gloria Perez <[email protected]>
Subject: Re: Fwd: WC Rear Gate Incident
Hi I am sending you this email as a written statement to describe in my words the incident at the gate.
As I pulled up to the gate there was another car and a security guard stop on the outside of the gate I
did not think anything strange of it as I pulled up to the gate in it opened the gate stop halfway open
due to the fact it was either working improperly or because the gate head hit the car on the other side
of it. The gate only open half way due to one of these reasons I maneuvered my car through the half
open gate and as I went to the left to go around the gate the gate on the opposite side opened due to a
car pulling up I'm that gate opened and hit my car. I feel that the gate should have been closed by
security who was on the scene because the car that was on the other side had already been hit by the
gate they did not manage the situation properly nor did they warn me when I pulled up of the situation
they allowed me to try and go through the gate even though it would not open all the way therefore I
feel that the improper management and improper working conditions of the gate situation cause my car
to be damaged and I would like for it to be repaired on your behalf thank you.
On Feb 19, 2016 10:52 AM, "Gloria Perez" <[email protected]> wrote:
Good afternoon Mr. Wood,
It has been brought to my attention that you have been inquiring about an incident that occurred on
November 27th of 2015. I checked our files to confirm the report provided by Donald along with video
footage and the police report received at a later date. Upon reviewing this information it appears that
the gate did not malfunction. The west gate appeared to be activated when you changed lanes midpoint thereby triggering the sensors. Thus the gate system was not used as intended.
Should you not agree with this observation please feel free to contact me or forward me a response to
be presented to the Board for consideration.
I can be reached at 786-347-2711 Ext 2011 and or via email at [email protected]
Thank you,
Gloria Perez
District Manager
Page 49
2411 S.W. 58th Terrace Hollywood, Florida 33023
Phone – 954-966-3903, Toll Free - 800-683-0134, Fax – 954-966-2085
February, 2016
Walnut Creek CDD
1800 N.W. 76th Avenue
Pembroke Pines, FL. 33025
Attn: Gloria Perez
Phone: (786) 347-2711x2011
Email: [email protected]
Please find enclosed our proposal to provide our "Full Service Customer Protection Plan"
for the Automated Gate System at Walnut Creek CDD. All materials and labor required
to support this agreement are included together with preventative maintenance checks. By
establishing a regular maintenance program, you will extend the life of your equipment,
prevent data loss, and save money by reducing the number of service calls and equipment
downtime.
Contained in this proposal is the following documentation:
•
•
•
Schedule of Services/List of Equipment Protected.
Additional Terms/Cost/Acceptance Page.
Preventative Maintenance Criteria.
If this Agreement is acceptable, please have the documents executed by an authorized
company official and returned to my attention with a check for the first month. Upon
receipt, your coverage will be activated.
Please contact me if you have any questions regarding our proposal. We look forward to
serving you.
Sincerely,
Daniel Hadley
Attachments
1
Page 50
ROYCE INTEGRATED SOLUTIONS, INC.
Full Service Customer Protection Plan
Schedule of Services
Service Coverage:
All service calls are covered under this plan when component
failure occurs through normal usage. Normal usage is defined
as all times and instances except for vandalism and/or Acts of
God (fire, flood, hurricane, etc…).
Service Availability:
Monday thru Friday 8:00 am to 5:00 pm.
Response Time Range:
Within 24 hours. After hours service calls will be dealt with on
the following morning with priority status.
Response Status:
Priority response. The customer is placed at the beginning of the
service request log ahead of all non-service contract customers.
Parts and Labor Coverage:
All parts, as defined for the following equipment listed on page
3, and labor to repair, are covered under this plan when
component failure occurs through normal usage. Parts & labor
are not covered when an issue arrives from vandalism and/or an
Act of God.
Items Not Covered:
Aluminum swing gates, tubular gate arms, existing wires,
programming & loading the access devices into the access
software database, and troubleshooting of the ABDI system.
Equipment damages caused by misuse, abuse, theft, vandalism,
accidents, and/or Acts of God. In addition, items designed to fail
in order to protect the equipment, such as power and/or
lightning suppressors. If in our opinion, any piece of equipment
cannot perform satisfactory due to condition, age or excessive
use, we will submit a cost to overhaul the equipment or replace
the unit.
Termination, Renewal
The term of this agreement will be for one year and an option to
extend the agreement for up to 3 years with a mutually agreed
price. Agreement may be cancelled with 30 days notice.
Contract will automatically renew subject to fees and coverage
and will remain in force until cancelled.
Attorney Fees
In the event it becomes necessary for any party to hereto to
institute legal proceedings against the other party arising out of
this agreement, each party agrees to bear its own fees and costs.
Preventative Maintenance:
OPTIONAL. (LOOK TO PAGES 5 to 7 FOR MORE DETAILS).
2
Page 51
Service Investment Information
Equipment List
Equipment Location: Heron Bay Community Association.
Nine (9) LiftMaster: Commercial Duty Barrier-Arm Gate Operators.
- Includes all parts/components inside of operator cabinet.
Eight (8) LiftMaster: Commercial Duty ½H.P. Swing Gate Operators.
- Includes all parts/components inside of operator cabinet.
Three (3) Barcode Automations: BAi-440 Dual Beam Barcode Scanners
Two (2) Continental: SuperTwo Series, 2-door Access Control Panels.
Four (4) City Required, Siren Operated Sensors (SOS Yelp).
Two (2) City Required, Outdoor Numerical Keypads.
One (1) City Required, KNOX Key Switch.
Note: Customer will be provided with 16hrs of total weekend service throughout the
life of each 1 year contract.
3
Page 52
Service Investment Information
Terms, Cost, & Acceptance
Safety Terms: Owner agrees that Royce Integrated Service will not be held responsible for any
damages caused by gate closures on vehicles or pedestrians. Pedestrians should never walk
through vehicle gate access locations.
Approval Terms: A full system evaluation is required before the service contract can
commence. To evaluate the equipment, our inspection rate is $96.00 per hour, and if the
agreement is accepted, this evaluation time will be credited, in full, to the customer. If you
should choose not to accept the service contract, the full amount of the evaluation will be
billable. If necessary, Royce Integrated will furnish an estimate for bringing the equipment
to full working condition and in compliance with our standards for the service contract.
Once the work on the estimate is performed, the service agreement comes into effect”.
Billing Period: MONTHLY (in advance). First payment to accompany signed agreement.
Payments are to be made monthly in advance and are to be received by the 15th day of the
preceding month. A monthly invoice will be mailed unless you prefer quarterly, semi-annually
or yearly payments.
Amount Per Month: $980.00
(Quarterly Preventative Maintenance)
Or
Amount Per Month: $1,400.00
(Monthly Preventative Maintenance)
Accepted By: _______________________
ROYCE Integrated Solutions, Inc.
___________________________________
________________________________
_________________________________________
_____________________________________
Date
Authorized Signature and Title
Date
Authorized Signature and Title
4
Page 53
BARRIER GATE OPERATOR
PREVENTATIVE MAINTENANCE
1. MAKE SURE GATE ARM IS FIRMLY ATTACHED TO ARM BRACKET.
2. MAKE SURE MOUNTING BRACKET HARWARE IS SECURE AND IN ALIGNMENT.
3. THOROUGH CLEANING INSIDE OPERATOR HOUSING.
4. CHECK BELTS FOR CRACKING, LOOSENESS, WEAR, ETC.
5. CHECK GATE REVERSING SENSOR (SAFETY SENSORS).
6. CHECK FOR PROPER ARM SPEED/TIMING AND LOOP SENSITIVITY.
7. CHECK GEAR BOX OIL LEVELS.
8. CHECK IN-GROUND LOOP WIRE CONDITION.
10. PERFORM BATTERY TEST/CLEAN BATTERIES.
GATE OPERATOR PARTS TO BE INSPECTED
LIMIT SWITCH ASSELMBLY
TRANSFORMER
CONTROL BOARD
GEAR REDUCER (60:1)
DRIVE BELT
MOTOR PULLEY
FASTENERS
CAM ARM
MOTOR BOLTS & NUTS
ARM BOLTS
SURGE SUPPRESOR (if present)
LOOP DETECTORS
BOLT & NUT COVER
CAM ARM
ARM BOLT
OPERATOR CABINET
WIRING AND RELAYS
DC MOTOR – 24 Vdc
ALUMINUM CHASSIS
REDUCER PULLEY
GATE ARM BRACKET
BEARINGS & SHAFTS
SHEAR PINS
NYLON ARM NUTS
GATE ARM ASSEMBLY
RADIO RECIVER
BATTERY BACKUP UNIT
MAGNET
FUSES (1amp, 10amp, & 15amp)
MOTOR BRUSHES
* Any internal parts requiring replacement will be immediately replaced during the time of the
inspection. If the part is a specialty item, it will be ordered and then replaced once received from our
parts distributor.
5
Page 54
SWING GATE OPERATOR
1. MAKE SURE GATE MOVES SMOOTHLY WITHOUT USE OF THE OPERATOR.
2. MAKE SURE MOUNTING HARWARE IS SECURE AND IN ALIGNMENT.
3. EXAMINE CONDITION OF ARM BRACKET ASSEMBLY.
4. CLEAN GATE AREA OF ALL DEBRIS (DIRT, ROCKS, MUD, ETC…).
5. MAKE SURE HINGES ARE WORKING SMOOTHLY AND LUBRICATED PROPERLY.
6. CHECK BELTS FOR CRACKING, LOOSENESS, WEAR, ETC.
7. CHECK GATE REVERSING SENSOR (SAFETY SENSORS).
8. CHECK FOR PROPER GATE SPEED/TIMING AND LOOP SENSITIVITY.
9. CHECK GEAR BOX OIL LEVELS.
10. CHECK IN-GROUND LOOP WIRE CONDITION.
11. PERFORM BATTERY TEST.
GATE OPERATOR PARTS TO BE INSPECTED
LIMIT SWITCH ASSELMBLY
IDLER PULLER ASSEMBLY
CHAIN BRACKET ASSEMBLY
OMNI MOTOR HARNESS
HINGES
LOOP DETECTORS
SAFETY SENSORS
½ HP ELECTRIC MOTOR
DRIVE BELT
TRANSFORMER
SAFETY SENSOR
OMNI SIREN
OMNI LOGIC BOARD
SURGE SUPPRESOR (if present)
ARM BRAKET ASSEMBLY
RADIO RECIEVER
BATTERY BACKUP UNITS
MOTOR CAPACITOR
MOTOR PULLEY
GEAR REDUCER PULLEY
CLUTCH SET
GEAR REDUCER (60:1)
parts distributor.
6
Page 55
BARCODE READER
1. MAKE SURE MOUNTING HARWARE IS SECURE AND IN ALIGNMENT FOR
OPTIMAL “READ” PERFORMANCE.
2. INSPECT SURGE SUPPRESOR (if installed).
3. CHECK LED INDICATOR BULBS.
4. INSPECT ALL WIRE CONNECTORS AND WIRE HARNESSES.
5. CLEAN CABINET INTERIOR, LASER LENS, AND GLASS WINDOW (inside and outside).
6. REPLACE DESICCANT BAG AND HUMIDITY CARD.
parts distributor.
7
Page 56
Page 1 of 4
Proposal From AT&I Systems to:
Walnut Creek
12260 SW 53rd Street Suite 608, Cooper City, FL 33330
Broward: 954-727-1724 Palm Beach: 561-807-6831
Fl. License: EG0000109
www.ATISecuritySystems.com
Page 57
Page 2 of 4
Gate Service
Gate Maintenance
Visitor Management Systems
Surveillance Systems
Access Control Systems
Gloria Perez
1800 NW 76th Ave
Pembroke Pines, FL 33025
It was a pleasure meeting with you at the property to survey your existing Gate Entry and Access
Control Systems. This proposal is for recommendations for:
Service and Repairs on The Gate Entry System
Preventative Maintenance on Gate Entry System
Improvements to Current Systems
At AT&I Systems we have fully trained technicians, in well stocked company vehicles, we accept
service calls by voice or email and our state of the art dispatching system immediately dispatches the
call to our techs. We are available anytime including after hours and remote service.
We offer preventative maintenance agreements and full all-inclusive agreements which cover all
service and parts so you have full predictability on your gate budget. We pride ourselves in building
relationships with our clients and it shows with 90% of our new clients are by referrals.
Thank you for allowing AT&I Systems to provide this proposal, we can be contacted anytime at 954540-4512 or via email at [email protected].
Page 58
Page 3 of 4
SERVICE CONTRACT / MAINTENANCE AGREEMENT
This Contract is made between AT&I Systems and Walnut Creek for a period of one year for
the options listed below with an automatic annual renewal.
Gate Equipment Covered for Main & Rear Gate System:
*Sheridan Street Entrance & Exit*
4 Liftmaster Barrier Mega Arm Gate Operator
4 Liftmaster Swing Gate Operator
2 BAi Bar Code Scanner (This unit will need to be sent to the facorty for repairs which the repairs for this
unit are not covered under this contract)
In Ground Loops & Loop Detectors
*Taft Street Main Entrance & Exit*
5 Liftmaster Barrier Mega Arm Gate Operator
1 BAi Bar Code Scanner (This unit will need to be sent to the facorty for repairs which the repairs for this
unit are not covered under this contract)
In Ground Loops & Loop Detectors
OPTION 1; Quarterly Scheduled Preventative Maintenance
Clean and lubricate the inside of the operators, all moving parts, components and hinges
Check, adjust or replace all worn belts and chains
Check Clutches on Gear Boxes and Proper Fluid Level
Check Loop Detectors and loop settings
Adjust and tighten hardware at gate arms
Adjust and tighten hardware at swing gates
Check all Bolts, Anchors and Wiring for Operators
Check Motor Brushes
Meter test Battery Backup System for proper Voltage
Adjust the screen on the telephone entry
Adjust the speaker and microphone on the telephone entry
Check the cooling fans and remove debris from the fans
Data Entry Management
OPTION 1; $170.00per Month. Approved by______
Page 59
Page 4 of 4
OPTION 2; All Inclusive Service Contract
Clean and lubricate the inside of the operators, all moving parts, components and hinges
Check, adjust or replace all worn belts and chains
Check Clutches on Gear Boxes and Proper Fluid Level
Check Loop Detectors and loop settings
Adjust and tighten hardware at gate arms
Adjust and tighten hardware at swing gates
Check all Bolts, Anchors and Wiring for Operators
Check Motor Brushes
Meter test Battery Backup System for proper Voltage
Adjust the screen on the telephone entry
Adjust the speaker and microphone on the telephone entry
Check the cooling fans and remove debris from the fans
Data Entry Management
Includes Above Maintenance plus All Service Calls No Charge
Includes Above Maintenance plus All Parts No Charge
Includes Above Maintenance plus All Labor No Charge
OPTION 2; $660.00per Month. Approved by__________
Service Contract Exclusions: Any damage due to Acts of Nature or Vandalism, (example, vehicle driving
through a gate arm operator, knocking off the gate arm and crushing it.)
Hourly Service Call Rate: $85.00 per hour. Travel Charges: $0.00
Normal Service Hours: Monday thru Friday 7:30am-5:30pm, (Saturday and Sundays are for emergency
purposes only)
Emergency Service: Emergency Service is billed at 1 ½ times the standard hourly rate.
A full Inspection and repairs of the gate equipment is required prior to this agreement taking effect.
Cancellation: Required 30 day notice prior to cancellation of contract.
Acceptance of terms and conditions listed above.
Accepted By: _________________________________________________ Date: ______________
Page 60
Fantasy Gates, Inc.
12929 SW 133rd Court
Miami, FL 33186
O # 786-242-8840
F # 305-256-9254
E-mail
Estimate
[email protected]
DATE
ESTIMATE NO.
2/18/2016
23587
NAME / ADDRESS
Walnut Creek
1800 NW 76 AV
Pembroke Pines, Fl 33025
QTY
DESCRIPTION
Preventive maintenance (billed monthly)
13 One visit per month
A> On the 15th or the 30th of the month
B> Or first business day after if on weekend
Grease Gear, adjust clutches, check loop detector
Check nuts & bolts, grease fitting, check belts, check loop detector
Inspect wiring connections, Inspect motor for insect (ex. Lizards etc.) Grease chain and check wheels
First month must be in advance. Maintenance contract for 12 months
All replaced parts will be bill separately
50% DEPOSIT REQUIRED on ALL jobs over $1000 unless noted
above.
Prices are subject to change 30 days from above date.
Work progressing past 1 month, a progress check of 20% is
required.
All late payment will be added a 2 % late fee monthly.
Final invoice will be sent on completetion
Fantasy Gates Inc. will be the sole provider of all services & repairs
to gates
Customer will be responsible for any attorney's fee for non-payment
in case of legal dispute.
All items installed are Property of Fantasy Gates until paid in full
but not covered by Acts of God, Damage caused by vehicles, Abuse
or Criminal mischief.
Items removed due to damaged become property of Fantasy Gates.
Change order will be submitted if addtional repairs outside of scope
of work occurs.
TOTAL
$780.00
Please be advised that work will not be
scheduled till deposit is received as well as a
signed copy
SIGNATURE _____________________________________
All deposits are non-refundable once project has been started
Page 61
Fantasy Gates, Inc.
Estimate
12929 SW 133rd Court
Miami, FL 33186
O # 786-242-8840
F # 305-256-9254
DATE
ESTIMATE NO.
2/22/2016
23600
NAME / ADDRESS
Walnut Creek
1800 NW 76 AV
Pembroke Pines, Fl 33025
QTY
PROJECT NAME
DESCRIPTION
TOTAL
Item listed below are for general purpose only
Service call response time avg 24 hrs
Labor
1 Service (Labor 1 man) per hour
1 Repair/ Service work done (Labor two crew) per hour
0.00
0.00
0.00
95.00
195.00
Arms replacements
1 Barrier arm, 12' Red & White reflective DOT standard
1 Barrier arm, 15' Red & White reflective DOT standard
0.00
185.00
224.56
After hours rate
1 After-Hours Repairs or Service done by Tech
1 After Hours Repair or Service done by Welder
0.00
170.00
277.50
In the maintenance listed below are covered
*4 Mega Swing gate
*3 BAI Scanners
*13 Loop Detectors
*24 Batteries 12VDC
*4 descant barcode packs
*2 Continental Door controller
Items replaced will be billed separately
50% DEPOSIT REQUIRED on ALL jobs over $1000 unless noted
above.
Prices are subject to change 30 days from above date.
Work progressing past 1 month, a progress check of 20% is
required.
All late payment will be added a 2 % late fee monthly.
Final invoice will be sent on completetion
Fantasy Gates Inc. will be the sole provider of all services & repairs
to gates
Customer will be responsible for any attorney's fee for non-payment
in case of legal dispute.
All items installed are Property of Fantasy Gates until paid in full
but not covered by Acts of God, Damage caused by vehicles, Abuse
or Criminal mischief.
Items removed due to damaged become property of Fantasy Gates.
Change order will be submitted if addtional repairs outside of scope
of work occurs.
0.00
0.00
TOTAL
$1,147.06
Thank you for your business.
SIGNATURE _____________________________________
All deposits are non-refundable once project has been started
Page 62
Security Gate System Maintenance Proposal and Existing Contract Comparison
Company(s)
Monthy Maintenance
Cost
Yearly Cost
12' Replacement
Arms Cost
Royce Integrated
Solutions
$1,400.00
$16,800.00
12' @ $190.00
$660.00
$7,920.00
12' @ $ 85.00
Fantacy Gates
$780.00
$9,360.00
12' @ $185.00
Safe Tech
$775.00
$9,300.00
12' @ $ 85.00
Page 63
Pond Bank Maintenance
April 5, 2016
Item
Geoweb with gravel and plants
below the control elevation and
soil with sod covering above.
Description
Provides a substantial deterrent
to erosion from overland flow
and from wave action in the
pond. It is highly resistant to
animals that dig into the bank
such as armored catfish. The
finish slope and long-term slope
should match the originally
permitted slope.
Geotube using an ultraviolet
light resistant woven fabric.
Plants will be added once
surface is graded over the
geotubes.
Provides a deterrent to erosion
from overland flow and wave
action in the pond. It has some
resistance to the digging action
of animals, but can be torn and
lose its integrity. There is less
form fish as much of the
burrowing is done by sucking
action and not digging as an
alligator or dog might do. The
surface soil may be eroded over
time and leave a stair-step
condition that is legal but may
be less pleasing aesthetically.
Cost
The engineer’s estimate is $85$110 per linear foot for
construction cost alone. One
contractor to date has given a
cost of $90-$105 per linear foot
based on his pricing of geotube
at $30-$35 per linear foot being
1/3 of the cost of the geoweb.
Construction budget would be
$1.8kk based on a three-year
construction period.
For quantities needed at Walnut
Creek, prices are anticipated to
be between $30 per lineal foot
and possibly as high as $50 per
lineal foot. Construction budget
would be $0.9kk based on a
three-year construction period.
Page 64
Walnut Creek Water Usage Data 2016
(Million Gallons)
Permit: 06-02865-W
Dec-15
Pump A
Pump B
Well C
Pump D
Pump E
Pump F
Pump G
Pump H
Pump I
Pump J
Total
Optimal Monthly Maximum Water Usage
Actual Monthly Water Usage
Percentage of Maximum Used
Percent Difference
Drought Irrigation (Given)
Rolling 12-month usage (144.2MG)
Maximum Month (20.5MG)
0.12
2.13
2.15
2.12
0.29
0.35
0.54
0.75
0.16
0.23
8.84
Dec-15
6.04
8.84
146%
46%
Jan-16
0.13
1.51
1.52
1.49
0.86
1.18
1.34
1.74
0.22
10.00
Jan-16
4.35
10.00
230%
130%
1.57
1.13
96.75
118.78
Feb-16
Mar-16
Apr-16
May-16
Jun-16
Jul-16
Aug-16
Sep-16
Oct-16
Nov-16
Dec-16
Total
0.22
1.73
1.78
1.05
0.92
1.42
0.61
0.84
0.17
0.78
9.52
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.35
3.24
3.30
2.54
1.79
2.60
1.95
2.58
0.17
1.00
19.52
Feb-16
5.81
9.52
164%
64%
Mar-16
11.12
Apr-16
14.5
May-16
16.97
Jun-16
15.89
Jul-16
20.51
Aug-16
18.7
Sep-16
13.47
Oct-16
8.96
Nov-16
7.89
Dec-16
6.04
0%
-100%
0%
-100%
0%
-100%
0%
-100%
0%
-100%
0%
-100%
0%
-100%
0%
-100%
0%
-100%
0%
-100%
Total
144.21
19.52
14%
-86%
1.51
2.89
3.77
4.41
4.13
5.33
4.86
3.5
2.33
2.05
1.57
119.07
NOTE: Well I - Model Homes, ID #148140, no change in reading between Dec, 2015 and Jan, 2016 per R Mainguy reporting due to time clock on pump is off and no usage for Jan.
Page 65
Walnut Creek Water Usage
140.00
120.00
Water Usage (Million Gallons)
100.00
80.00
60.00
40.00
20.00
Jan-16
Feb-16
Apr-16
May-16
Optimal Monthly Maximum Water Usage
Jul-16
Actual Monthly Water Usage
Sep-16
Oct-16
Dec-16
Rolling 12 Month Total Usage
Page 66
LANDSCAPE REPORT FROM MAINGUY
LANDSCAPE SERVICES
TO BE DISTRIBUTED
UNDER SEPARATE COVER
Page 67
Proposal No. 0318-01
1855 SOUTH FLAMINGO ROAD | DAVIE, FL 33325
TEL (877) 741-3030 | FAX (877) 741-3454
www.mainguy.com
PROPOSAL FOR LANDSCAPE SERVICES
0B
PROPOSAL SUBMITTED TO:
JOB NAME:
Gloria Perez, District Manager
Walnut Creek CDD
ADDRESS:
ADDRESS:
7500 NW 20 Street
CITY:
CITY:
Pembroke Pines
Pembroke Pines
STATE:
STATE:
Florida
Florida
TELEPHONE:
DATE:
(954) 985-8529
March 18, 2016
1.
Statement of Work: We are pleased to submit this proposal for the following services
at the above-referenced job location:
U
3
U
Landscape Design and Installation
Landscape Maintenance Program
Turf & Shrubbery Fertilization/Pest Control
Irrigation Systems Installation/Maintenance
Tree Trimming/Removal
2.
Scope of Work: Install landscaping and complete other work as set forth in Landscape
Specification Sheet attached hereto.
3.
Specifications: All trees, plants and/or other landscape material shall be first-quality
purchased from certified agricultural dealers, sized as indicated on the attached
Landscape Specification Sheet. All material to be planted with rich soil backfill. Sod (if
any) to be first-quality St. Augustine ‘Palmetto’, installed within eight (8) hours of
delivery at the job site. Mulch (if any) shall be Hardwood ‘Red’, unless indicated
otherwise in attached Landscape Specification Sheet, installed at a thickness of 2”. All
FORT LAUDERDALE
MIAMI
WEST PALM BEACH
NAPLES
FORT MYERS
Page 68
resulting debris to removed and disposed of, and work areas to be left in a clean
condition.
4.
Cost: We hereby propose to furnish all labor, equipment and materials to complete the
work outlined in this proposal in accordance with the specifications set forth herein at the
cost(s) set forth on the Landscape Specification Sheet attached hereto.
5.
Payment & Other Provisions. All work and/or material is guaranteed to be as
specified herein. All work to be completed in accordance with standard practices. Any
alteration or deviation from the specifications contained herein shall be executed only
upon written authorization and shall be at an additional cost added to the price set forth
herein. Contractor guarantees trees and shrubs for one hundred eighty (180) days from
installation; provided, however, Contractor shall not be responsible for any landscape
material which declines or dies due to insufficient irrigation, damage from insect(s)
and/or disease(s), damage by others or any other reason beyond Contractor’s reasonable
control. Client is advised to ensure that all landscape material is watered a minimum of
thirty (30) minutes daily for the first fifteen (15) days, and regularly thereafter. All sums
due hereunder shall become due and payable upon completion of all work. Unpaid
balances outstanding more than thirty (30) days will accrue interest at the rate of 1.50%
per month, which interest shall be added to, and be due and payable together with, all
other sums due hereunder. The failure of either party to comply with the terms of this
Agreement shall be considered a breach hereunder entitling the other party to seek any
remedy at law or in equity for such breach. In the event of any legal action between the
parties hereto related to the enforcement of any of the provisions of this Agreement, the
prevailing party in such action shall be entitled to recover its reasonable attorneys’ fees
and costs from the other party as determined and ordered by a court of competent
jurisdiction. Venue for any legal action either party may wish to bring against the other
party shall be in the appropriate court in Broward County, Florida. Our performance
hereunder is contingent upon material shortages or other availability problems, strikes,
accidents, or other delays (including obtaining building permits or other governmental
approvals) beyond our control. This proposal shall remain valid for a period of thirty
(30) days and may be withdrawn thereafter.
Respectfully Submitted,
(Client’s Acceptance Appears on the Following Page)
2
Page 69
ACCEPTANCE OF PROPOSAL
Client hereby accepts and agrees to the terms, conditions and specifications set forth
hereinabove. Mainguy Landscape Services is authorized to perform the work as specified
herein. Payment shall be made in accordance with the provisions contained hereinabove.
Accepted By:
___________________________________
Authorized Representative’s Signature
____________________
Date Accepted
3
Page 70
LANDSCAPE SPECIFICATION SHEET
ITEM
AREA
ACTION
COST
1.
Maple Glen – in rear of 2192 NW
75th Way
1. Install 10 Bougainvillea ‘Purple’ (7 gal.; trellis) to fill open
spaces in landscape buffer.
$750.00
TOTAL
$750.00
4
Page 71
From: Scott Eure [mailto:[email protected]]
Sent: Friday, March 25, 2016 2:28 PM
To: Julian Romero <[email protected]>; [email protected]; [email protected]
Cc: Gloria Perez <[email protected]>; Armando Silva <[email protected]>; ''Joel Cohen''
<[email protected]>
Subject: RE: WC Waterfalls
Hi Julian,
I was at the location today and added chlorine, acid and algaecide to both
fountains. I also backwashed the filters. The timers are set correctly and I
noted the correct settings inside each box for future reference.
We'll have the condition restored to normal over the next few days.
Based on the chemistry readings, the east fountain is not leaking. The
minerals added in December are still there. I turned the auto-fill on for
that side. The west fountain MAY be leaking as the calcium that was added in
December is depleted. I left that auto-fill off and will return on Monday or
Tuesday to check the water level. Please let the on-site staff know.
Both fountains need stabilizer and I've attached a quote for your approval.
Thanks as always for your business!
I'll keep you posted.
Best,
Scott
Page 72
Page 73
Page 74
PROPOSAL #:
COMPANY INFO:
861 West 17th Street
Hialeah, FL 33010
Phone: (305) 266-8484 Fax: (786) 536-4956
Walnut Creek CDD
Julian Romero
2501 Burns Rd
Palm Beach, FL 33410
CONTACT INFO:
NAME:
Julian
PHONE
E-MA...
786-503-1633
FAX:
12108
DATE:
3/24/2016
REP:
TERMS:
AV
DESCRIPTION
50% Dep. Bal due on
Total
Project: Monument signs
Location: 2501 Burns Rd
Municipality: Palm Beach, FL 33410
To manufacture & Install:
95,000.00
Single Face non-illuminated aluminum monument with 1/4" aluminum letters
Copy: as per drawing
qty: 16
Power coating painting for structure
Letters painted - Yellow
Footing based on engineer drawings
** Engineering plans and drawings included
Permit Fee and processing fee are not included
Taxes are not included
Sales Tax
0.00
Total
$95,000.00
* Our quotation does not include permit fees * Prices valid for 30 days * Make Checks to "Saul Signs *
CONTRACT AGREEMENT:
The fact that the said sign and/or equipment shall be affixed to the premises shall in no way be Construed as making the said sign and/or
equipment a part of the realty to which it is attached, it being the intention of the parties hereto that such sign and/or equipment shall remain
personal property until paid in full. The Purchaser agrees to purchase such sign and/or equipment in pursuance of the terms hereof and to
make the payments as above specified. IT IS AGREED that title to such sign and/or equipment and all property used in connection there with
shall remain in the Company until payment in full shall have been made, as herein set forth, together with interest (maximum rate allowable in
accordance with State law) on any delinquent payments and until any note or security given therefore or any judgement obtained thereon is
paid in full, and in case of default by the Purchaser in any payment or any portion thereof, when due, and in case of any other default by the Purchaser in the
performance of any provision of this contract, the whole of such indebtness and entire unpaid balance shall at once become
due and payable at the option of the Company, and the Company shall have the right to enter and remove the said property wherever the
same may be found without being guilty of trespass or tort or liable for any damages whatsoever, and to retain all payments thereto for made
as compensation for the use therefore. Purchaser will be responsible for any and all fees associated with the removal of the said sign/equipment
and will also be responsible for reinstallation fees, if applicable. The Purchaser will be liable for unpaid balance together with all exchange
charges and all costs or expenses incurred in collection of this unpaid balance or any part thereof by suit or otherwise, including reasonable attorney's fees, if
placed in the hands of an attorney for collection. The Company agrees to have the above described equipment ready for
delivery or installation within the period stated above (if stated above) from date of permit providing all necessary permits and approvals
required from proper governing authorities are delivered within a reasonable amount of time. In the event that the premises are not in
condition to receive the equipment on the above specified delivery date, or in the event that no delivery date shall be specified in this
agreement, the Company shall not be held responsible for placing such equipment in position on said premises on other than a straight
time basis, and the Purchaser shall be required to give seven (7) days notice in writing to the Company, stating therein the exact date
on which the premises will be in condition to receive the equipment. * UNLESS OTHERWISE SPECIFIED, ALL PRIMARY ELECTRICAL
CIRCUITS AND TIME CLOCKS WILL BE SUPPLIED BY THE PURCHASER. * Primary electrical circuit must be within 8ft of sign location. The
Purchaser, if a lessee, agrees that he has full rights to have signs placed on said premises, and will obtain whatever authorization is or may
be necessary from his Lessor. If after the initial visit for final inspection by the Company to the installation location the inspection is denied,
for reasons that are not the direct responsibility of the Company, the Purchaser will be responsible for all fees incurred in relation to
ameliorating the problem. The Company shall not be liable for any failure in the performance of its obligations under this agreement, which
may result from strikes or acts of Labor Unions, fires, floods, earthquakes, or Acts of God, war or other conditions or contingencies
beyond its control, and shall not be liable for wear or breakage, windstorm, or hurricane, or acts caused by negligence on the part of the
purchaser, his agents and employees. The foregoing covers the entire agreement between the parties hereto, and no statement, remark,
agreement, or understanding, verbal or written not contained herein, will be recognized.
The full remaining balance is due upon installation of the sign, and not upon final inspection. Permits are obtained under Saul Signs contractors
license and the permits will be closed within the time alotted by the municipality and is not a reason for nonpayment.
APPROVED BY: ________________________
Page 75
DATE: __________
THUNDER DEMOLITION, INC.
7373 N.E. 3rd Ct., MIAMI FL 33138
TEL: 305.757.9444 FAX: 305.757.9441
[email protected]
05BS00348
PROPOSAL/CONTRACT 2016-0350
Date:
Project:
Location:
March 28, 2016
Walnut Creek Sign Removal
1800 NW 76th Avenue, Pembroke Pines FL
Thunder Demolition Inc. Proposes to provide necessary equipment, labor, and supervision to
complete the demolition of the following scope of work:
INCLUSIONS:




All salvage rights (All Aluminum, Copper, Appliances, Anything of Value)
Removal of 16 existing concrete signs including foundations
Area to be left rough graded
Disposal of debris
EXCLUSIONS:
Permits, repairing of city sidewalks or curbs, removal of landscaping, re-landscaping, removal of
trees
Total …………………………………………………………………………………$88,000.00
$5,500.00 Per Sign***
AGREED AND ACCEPTED BY:
Signed
Name
Title
Date
AGREED AND ACCEPTED BY:
Thunder Demolition Inc.
Signed
Name Ronny Herrera
Title
Estimator
Date
1
___/___
Page 76
GENERAL CONDITIONS AND CLARIFICATION
The following items are general conditions and clarification is which are meant to help identify the
Owners and Contractors responsibilities during the performance of this project.
1) All items removed by Thunder Demolition, including the proceeds, if any, shall become
property of Thunder Demolition, Inc. These items include, but are not limited to the
following: aluminum, copper, electrical panels, A/C units, furniture, anything of value, etc.
Any items needed to be salvaged by Owner or GC are to be removed prior to
commencement of demolition. Thunder Demolition will not take responsibility for any
damages that may occur to salvageable items once work has commenced.
2) If bonds are required, GC will provide all applicable bonds at no cost to Thunder Demolition Inc.
3) Our proposal price is based upon our current standard insurance limits as follows:
General Liability - $1M / occurrence, $100K fire damage, $1M personal / adv. injury, $2M general
aggregate, $2M products; Workers Compensation - $1M / accident, $1M disease / employee,
$1M disease - policy limit; Automobile - $500K combined single limit bodily injury / property
damage, $500K combined single limit non-owned auto, $500K combined single limit hired auto,
$10K personal injury protection. If additional insurance limits are required, there will be an
additional cost added to the proposal price.
4) The Owner is responsible to provide all necessary utilities including electric, potable water, and
sanitary drain; all utilities are understood to be located within approximately 100 feet of the work
site location.
5) This agreement entitles Thunder Demolition, Inc to place a sign at the jobsite
6) PROPOSAL VALID FOR 30 DAYS
7) PAYMENT DUE UPON COMPLETION NO RETAINAGE
8) Unless otherwise provided in the Agreement, Owner will pay for services and reimburse Thunder
Demolition for previously approved expenses within thirty (30) days. Any invoice not paid within
30 days shall be deemed past due and subject to interest or late payment. If payment must be
effected by engaging a third party, the costs resulting there from shall be charged to the
Owner.
9) This agreement entitles Thunder Demolition, Inc to do an auction (if applicable)
10) Any alteration or deviation from the above specifications including extra cost will be
executed only upon written order, and will become an extra charge over and above this
estimate.
11) Not responsible for damage or repair to city sidewalks or curbs.
12) In the event that city officials require installation of sod for final inspection after demolition
is completed. It will be the responsibility of owner/ General Contractors to comply with
city’s requirements.
13) Not responsible for water damage.
In no event shall the contractor be liable for any loss, expense or claim relating to damage or injury to any
person or property, which occurred prior to the contract start date or which results from an event which
occurred or a condition or state of fact which existed prior to the start date of this contract (including but not
limited to the presence of asbestos and lead based paints in the owners facility or the release thereof into the
environment), if such event or condition is not caused or made substantially worse by the contractor. Owners
and/or General contractor will be responsible for any damages occurred to neighboring properties due to
machinery vibration, as well as defending Thunder Demolition Inc at all costs.
Once again, I would like to thank you for this opportunity to quote. Should you require any additional
information, or have any questions concerning any of the above-mentioned proposals, please feel free to
contact the undersigned at any time.
2
___/___
Page 77
Quote
Date
Estimate #
3/29/2016
1545
Name / Address
WALNUT CREEK COMMUNITY DEVELOP
C/O SPECIAL DISTRICT SERVICES
2501-A BURNS ROAD
PALM BEACH GARDENS, FL 33401
Project
Description
Qty
4" SWING CHECK VALVE AMES
BOLT 5/8" - 11 X 4-1/2" HEXH 5CC10072Z
NUT 5/8" HEX FNC10Z
WASHER 3/4" USS FLAT FWF12Z
GASKETS RUBBER 4"
4" S/S CANAL SCREEN
PVC PIPE 4" SCH 40 BELL END
MISC. MATERIALS (MATERIAL TO SUPPORT THE SCREEN
OFF THE BOTTOM OF THE CANAL)
SERVICE TECHNICIAN
UNDERWATER DIVE TECHNICIAN & TENDER
Each
Total
16
16
32
2
1
20
1
518.84
1.78
0.26
0.36
3.93
150.22
2.89
50.00
518.84
28.48
4.16
11.52
7.86
150.22
57.80
50.00
2
4
98.00
179.00
196.00
716.00
-174.08
-174.08
0.00
0.00
LESS 10% DISCOUNT
WE ARE PLEASED TO PRESENT THIS PROPOSAL WITH
SPECIFICATIONS AS FOLLOWS:
- REPLACE CHECK VALVE, CANAL SCREEN AND RAISE
(SUPPORT) SCREEN OFF BOTTOM OF CANAL
QUALIFICATIONS:
- LABOR TO DATE IS NOT INCLUDED UNLESS ITEMIZED
IN THE QUOTATION BELOW.
- CONCEALED OR UNFORESEEN NEEDED REPAIRS WILL
BE ESTIMATED AFTER SHOP EVALUATION OF THE
EQUIPMENT.
- REPAIR OR REPLACEMENT OF AUXILIARY EQUIPMENT
SUCH AS MOTOR STARTERS, FUSES, CIRCUIT BREAKERS,
CONTROL COMPONENTS, VALVES, CHECK VALVES,
PIPING IS NOT INCLUDED UNLESS ITEMIZED IN THE
QUOTATION BELOW.
- PROPER ACCESS TO SITE WITHOUT THE USE OF SPECIAL
EQUIPMENT IS ASSUMED UNLESS OTHERWISE ITEMIZED
IN THE QUOTATION BELOW.
Total
Page 1
Page 78
Quote
Date
Estimate #
3/29/2016
1545
Name / Address
WALNUT CREEK COMMUNITY DEVELOP
C/O SPECIAL DISTRICT SERVICES
2501-A BURNS ROAD
PALM BEACH GARDENS, FL 33401
Project
Description
Qty
Each
Total
INSTALLATION WILL COMPLY WITH THE CURRENT
APPROVED EDITIONS OF THE NATIONAL ELECTRIC CODE
AND THE FLORIDA BUILDING CODE WITH ALL APPROVED
ADDENDUMS. INSTALLATION WILL BE DONE IN A NEAT
AND WORKMANSHIP LIKE MANOR.
TERMS: NET 10 DAYS FROM INVOICE DATE. 25% DEPOSIT
REQUIRED ON MANUFACTURED OR SPECIAL ORDER
MATERIALS. ALL LABOR TO DATE IS DUE 20 DAYS FROM
QUOTE DATE IF QUOTE NOT ACCEPTED. SIGNATURE ON
THIS AGREEMENT CONSTITUTES CONTRACT BETWEEN
CUSTOMER AND SULLIVAN ELECTRIC AND PUMP, INC.
WARRANTY :
ONE YEAR ON SUPPLIED PARTS, EXCLUDING LAMPS AND
90 DAYS ON LABOR BY SULLIVAN ELECTRIC AND PUMP,
INC. THIS WARRANTY SHALL BE CONDITIONED ON THE
MANUFACTURER’S ACCEPTANCE OF THE WARRANTY
CLAIM THAT THE PART FAILURE WAS A DEFECT IN
MANUFACTURING AND NOT TO IMPROPER USE, LACK OF
MAINTENANCE OR IMPROPER APPLICATION NOT CAUSED
BY SULLIVAN ELECTRIC AND PUMP, INC. THE OWNER IS
RESPONSIBLE TO PROPERLY USE AND MAINTAIN THE
PRODUCTS USED IN THE INSTALLATION ACCORDING TO
ALL ACCEPTABLE STANDARDS AND PRACTICES
INCLUDING BUT NOT LIMITED TO NFPA PUBLICATION 70
B "RECOMMENDED PRACTICE FOR ELECTRICAL
EQUIPMENT MAINTENANCE" CURRENT PRINTED
EDITION, NEMA MG2 CURRENT PRINTED EDITION AND
THE MANUFACTURER’S OPERATION AND MAINTENANCE
MANUALS. WARRANTY EXCLUDES CONSEQUENTIAL
AND ACT OF GOD DAMAGE.
THANK YOU FOR YOUR BUSINESS!
QUOTE BY:
Total
Accepted by: __________________________________
Title:_______________________________
Date:________________ PO#_____________
Page 2
$1,566.80
Page 79
RESOLUTION NO. 2016-01
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE
APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2016/2017;
AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Board of Supervisors (“Board”) of the Walnut Creek Community
Development District (“District”) is required by Chapter 190.008, Florida Statutes, to approve a
Proposed Budget for each fiscal year; and,
WHEREAS, the Proposed Budget including the Assessments for Fiscal Year 2016/2017
has been prepared and considered by the Board.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS
OF THE WALNUT CREEK COMMUNITY DEVELOPMENT DISTRICT THAT:
Section 1.
The Proposed Budget including the Assessments for Fiscal Year
2016/2017 attached hereto as Exhibit “A” is approved and adopted.
Section 2.
A Public Hearing is hereby scheduled for June 7, 2016 at 10:00 a.m. in the
Walnut Creek Community Clubhouse located at 7500 NW 20th Street, Pembroke Pines, Florida,
33024 for the purpose of receiving public comments on the Proposed Fiscal Year 2016/2017
Budget.
PASSED, ADOPTED and EFFECTIVE this 5th day of April, 2016.
ATTEST:
WALNUT CREEK
COMMUNITY DEVELOPMENT DISTRICT
By:
By:
Secretary/Assistant Secretary
Chairman/Vice Chairman
Page 80
Walnut Creek
Scenario #1
Proposed Budget For
Fiscal Year 2016/2017
October 1, 2016 - September 30, 2017
Page 81
CONTENTS
I
PROPOSED BUDGET
II
DETAILED PROPOSED BUDGET
III
DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2008)
IV
V
ASSESSMENT COMPARISON
Page 82
PROPOSED BUDGET
FISCAL YEAR 2016/2017
OCTOBER 1, 2016 - SEPTEMBER 30, 2017
FISCAL YEAR
2016/2017
ANNUAL BUDGET
REVENUES
OTHER REVENUES
INTEREST INCOME
151,084
1,009,802
380,884
130,306
0
1,250
TOTAL REVENUES
$
EXPENDITURES
SUPERVISOR FEES
PAYROLL TAXES (EMPLOYER)
ENGINEERING
LEGAL FEES
AUDIT FEES
MANAGEMENT
POSTAGE
INSURANCE
LEGAL ADVERTISING
MISCELLANEOUS
ASSESSMENT ROLL
TRUSTEE FEES
WEBSITE MANAGEMENT
1,673,326
$
10,000
800
25,000
18,000
3,900
42,024
1,400
3,300
14,120
1,200
6,500
175
7,500
5,600
1,000
1,500
142,019
FIELD MAINTENANCE
SECURITY SERVICES
PLANT REPLACEMENT
TELEPHONE
ELECTRIC
WATER & SEWAGE
IRRIGATION MAINTENANCE
DRAINAGE CLEANING
GATE/GATEHOUSE MAINTENANCE
SIGNAGE
HOLIDAY LIGHTING
MONUMENT REPAIRS
OPERATING RESERVE/CONTINGENCY/CAPITAL OUTLAY
$
5,000
12,000
290,000
400,000
20,000
10,000
77,000
5,000
8,200
13,000
0
23,000
40,000
2,000
5,000
30,000
6,000
10,000
0
35,000
991,200
TOTAL EXPENDITURES
$
1,133,219
REVENUES LESS EXPENDITURES
$
540,107
BOND PAYMENTS (2008)
(358,031)
(122,488)
BALANCE
$
(33,441)
(66,883)
EXCESS/ (SHORTFALL)
$
(40,736)
40,736
3/18/2016 11:39 AM
59,588
$
I
-
Page 83
FISCAL YEAR
2014/2015
ACTUAL
137,289
1,024,458
381,741
130,602
8,835
1,284
REVENUES
OTHER REVENUES
INTEREST INCOME
TOTAL REVENUES
$
EXPENDITURES
SUPERVISOR FEES
ENGINEERING
LEGAL FEES
AUDIT FEES
MANAGEMENT
POSTAGE
INSURANCE
LEGAL ADVERTISING
MISCELLANEOUS
ASSESSMENT ROLL
TRUSTEE FEES
WEBSITE MANAGEMENT
1,684,209
FISCAL YEAR
2015/2016
BUDGET
137,958
1,022,931
381,311
130,452
0
1,250
$
1,673,902
FISCAL YEAR
2016/2017
BUDGET
151,084
1,009,802
380,884
130,306
0
1,250
$
$
10,000
800
15,000
18,000
3,800
41,736
1,400
3,300
14,120
1,200
6,000
175
7,500
5,400
1,000
1,500
130,931 $
10,000
800
25,000
18,000
3,900
42,024
1,400
3,300
14,120
1,200
6,500
175
7,500
5,600
1,000
1,500
142,019
$
5,000
12,000
274,480
372,163
10,070
7,699
73,083
3,810
6,750
18,130
0
26,192
37,777
346
8,797
32,276
5,292
6,704
0
34,929
935,498 $
5,000
12,000
290,000
420,000
0
10,500
77,000
5,000
8,400
8,000
0
23,000
40,000
2,000
5,000
26,000
6,000
12,000
0
50,000
999,900 $
5,000
12,000
290,000
400,000
20,000
10,000
77,000
5,000
8,200
13,000
0
23,000
40,000
2,000
5,000
30,000
6,000
10,000
0
35,000
991,200
TOTAL EXPENDITURES
$
1,066,277
$
1,130,831
$
1,133,219
$
617,932
$
543,071
$
540,107
FIELD MAINTENANCE
SECURITY SERVICES
PLANT REPLACEMENT
TELEPHONE
ELECTRIC
WATER & SEWAGE
DRAINAGE CLEANING
SIGNAGE
HOLIDAY LIGHTING
MONUMENT REPAIRS
BALANCE
(358,835)
(122,765)
$
$
3/18/2016 11:39 AM
$
(32,275)
(60,189)
EXCESS/ (SHORTFALL)
136,332
(358,432)
(122,625)
43,868
$
0
$
43,868
62,014
No Change From 2015/2016 Budget
1,673,326
8,200
627
25,811
13,313
3,700
41,412
618
3,585
12,549
1,132
6,130
175
7,500
5,527
500
0
130,779 $
COMMENTS
Expenditures/.94
Expenditures Less Interest & Carryover/.94
Bond Payments/.94
Bond Payments/.94
Projected At 8% Of Supervisor Fees
$10,000 Increase From 2015/2016 Budget
$100 Increase From 2015/2016 Budget
CPI Adjustment
2015/2016 Expenditure Was $12,651
As Per Contract
$20,000 Of FY 15/16 Budget Applied To Plant Replacement
Plant Replacement
$500 Decrease From 2015/2016 Budget
Drainage Cleaning
$2,000 Decrease From 2015/2016 Budget
Monument Repairs
(358,031) Yearly Maximum Debt Assessment
$
59,588
(33,453)
(66,906)
(33,441) Two Percent Of Total Assessment Roll
(66,883) Four Percent Of Total Assessment Roll
(38,345) $
(40,736)
38,345
$
-
II
40,736 Carry Forward Surplus
$
-
Page 84
DETAILED PROPOSED DEBT SERVICE FUND (SERIES 2008) BUDGET
REVENUES
FISCAL YEAR
FISCAL YEAR
FISCAL YEAR
2014/2015
2015/2016
2016/2017
ACTUAL
BUDGET
BUDGET
Interest Income
NAV Tax Collection
Total Revenues
$
14
100
358,835
358,432
358,849
$
358,532
COMMENTS
50 Projected Interest For 2016/2017
358,031 Yearly Maximum Debt Assessment
$
358,081
EXPENDITURES
Principal Payments
260,000
270,000
0
3,851
1,748 Additional Principal Payments
103,680
84,681
71,333 Interest Payments Due In 2017
Interest Payments
Total Expenditures
$
Excess/ (Shortfall)
$
363,680
285,000 Principal Payment Due In 2017
$
358,532
$
358,081
(4,831) $
-
$
-
Series 2008 Bond Information
Original Par Amount =
$3,450,000
Annual Principal Payments Due =
May 1st
Interest Rate =
4.01 - 5.03%
Annual Interest Payments Due =
May 1st & November 1st
Issue Date =
July 2008
Maturity Date =
May 2021
3/18/2016 11:39 AM
III
Page 85
FISCAL YEAR
FISCAL YEAR
FISCAL YEAR
2014/2015
2015/2016
2016/2017
ACTUAL
BUDGET
BUDGET
REVENUES
Interest Income
NAV Tax Collection
Total Revenues
$
22
100
122,765
122,625
122,787
$
122,725
COMMENTS
$
122,538
EXPENDITURES
Principal Payments
40,000
40,000
0
6,687
78,875
76,038
Interest Payments
Total Expenditures
$
118,875
$
122,725
$
122,538
Excess/ (Shortfall)
$
3,912
$
-
$
-
$2,650,000
Annual Principal Payments Due = May 1st
Interest Rate =
2.05 - 5.95%
Issue Date =
January 2010
Maturity Date =
May 2035
3/18/2016 11:39 AM
IV
Page 86
Assessment Comparison
Fiscal Year
2013/2014
Assessment*
Fiscal Year
2014/2015
Assessment*
Fiscal Year
2015/2016
Assessment*
Fiscal Year
2016/2017
Projected Assessment*
Administrative
Maintenance
2008 Debt
2010 Debt
$
$
$
$
145.64
1,147.19
427.00
150.17
$
$
$
$
152.43
1,144.65
427.00
145.92
$
$
$
$
154.14
1,142.94
427.00
145.92
$
$
$
$
168.81
1,128.27
427.00
145.92
Total
$
1,870.00
$
1,870.00
$
1,870.00
$
1,870.00
* Assessments Include the Following :
4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee
Community Information:
Total Units
895
2008 Debt Service Information
Total Units
895
Prepayments
3
Billed For 2008 Debt
892
895
Total Units
Prepayments
2
893
3/18/2016 11:39 AM
V
Page 87
Walnut Creek
Scenario #2
Proposed Budget For
Page 88
CONTENTS
I
PROPOSED BUDGET
II
III
IV
V
Page 89
PROPOSED BUDGET
FISCAL YEAR
2016/2017
ANNUAL BUDGET
REVENUES
OTHER REVENUES
INTEREST INCOME
151,084
1,122,287
380,884
130,306
0
1,250
TOTAL REVENUES
$
EXPENDITURES
SUPERVISOR FEES
ENGINEERING
LEGAL FEES
AUDIT FEES
MANAGEMENT
POSTAGE
INSURANCE
LEGAL ADVERTISING
MISCELLANEOUS
ASSESSMENT ROLL
TRUSTEE FEES
WEBSITE MANAGEMENT
1,785,811
$
10,000
800
25,000
18,000
3,900
42,024
1,400
3,300
14,120
1,200
6,500
175
7,500
5,600
1,000
1,500
142,019
FIELD MAINTENANCE
SECURITY SERVICES
PLANT REPLACEMENT
TELEPHONE
ELECTRIC
WATER & SEWAGE
DRAINAGE CLEANING
SIGNAGE
HOLIDAY LIGHTING
MONUMENT REPAIRS
$
5,000
12,000
290,000
400,000
20,000
10,000
77,000
5,000
8,200
13,000
25,000
23,000
40,000
2,000
5,000
30,000
6,000
10,000
25,000
50,000
1,056,200
TOTAL EXPENDITURES
$
1,198,219
$
587,592
(358,031)
(122,488)
BALANCE
$
(35,691)
(71,382)
EXCESS/ (SHORTFALL)
$
0
3/18/2016 11:40 AM
107,073
$
I
-
Page 90
FISCAL YEAR
2014/2015
ACTUAL
137,289
1,024,458
381,741
130,602
8,835
1,284
REVENUES
OTHER REVENUES
INTEREST INCOME
TOTAL REVENUES
$
EXPENDITURES
SUPERVISOR FEES
ENGINEERING
LEGAL FEES
AUDIT FEES
MANAGEMENT
POSTAGE
INSURANCE
LEGAL ADVERTISING
MISCELLANEOUS
ASSESSMENT ROLL
TRUSTEE FEES
WEBSITE MANAGEMENT
1,684,209
FISCAL YEAR
2015/2016
BUDGET
137,958
1,022,931
381,311
130,452
0
1,250
$
1,673,902
FISCAL YEAR
2016/2017
BUDGET
151,084
1,122,287
380,884
130,306
0
1,250
$
$
10,000
800
15,000
18,000
3,800
41,736
1,400
3,300
14,120
1,200
6,000
175
7,500
5,400
1,000
1,500
130,931 $
10,000
800
25,000
18,000
3,900
42,024
1,400
3,300
14,120
1,200
6,500
175
7,500
5,600
1,000
1,500
142,019
$
5,000
12,000
274,480
372,163
10,070
7,699
73,083
3,810
6,750
18,130
0
26,192
37,777
346
8,797
32,276
5,292
6,704
0
34,929
935,498 $
5,000
12,000
290,000
420,000
0
10,500
77,000
5,000
8,400
8,000
0
23,000
40,000
2,000
5,000
26,000
6,000
12,000
0
50,000
999,900 $
5,000
12,000
290,000
400,000
20,000
10,000
77,000
5,000
8,200
13,000
25,000
23,000
40,000
2,000
5,000
30,000
6,000
10,000
25,000
50,000
1,056,200
TOTAL EXPENDITURES
$
1,066,277
$
1,130,831
$
1,198,219
$
617,932
$
543,071
$
587,592
FIELD MAINTENANCE
SECURITY SERVICES
PLANT REPLACEMENT
TELEPHONE
ELECTRIC
WATER & SEWAGE
DRAINAGE CLEANING
SIGNAGE
HOLIDAY LIGHTING
MONUMENT REPAIRS
BALANCE
(358,835)
(122,765)
$
$
3/18/2016 11:40 AM
$
(32,275)
(60,189)
EXCESS/ (SHORTFALL)
136,332
(358,432)
(122,625)
43,868
$
43,868
$
38,345
-
II
CPI Adjustment
As Per Contract
Plant Replacement
Drainage Cleaning
Monument Repairs - Four Year Project
107,073
(38,345) $
$
(33,453)
(66,906)
0
$
62,014
1,785,811
8,200
627
25,811
13,313
3,700
41,412
618
3,585
12,549
1,132
6,130
175
7,500
5,527
500
0
130,779 $
COMMENTS
Expenditures/.94
Bond Payments/.94
Bond Payments/.94
0 Carry Forward Surplus
$
-
Page 91
REVENUES
FISCAL YEAR
FISCAL YEAR
FISCAL YEAR
2014/2015
2015/2016
2016/2017
ACTUAL
BUDGET
BUDGET
Interest Income
NAV Tax Collection
Total Revenues
$
14
100
358,835
358,432
358,849
$
358,532
COMMENTS
$
358,081
EXPENDITURES
Principal Payments
260,000
270,000
0
3,851
103,680
84,681
Interest Payments
Total Expenditures
$
Excess/ (Shortfall)
$
363,680
$
358,532
$
358,081
(4,831) $
-
$
-
$3,450,000
May 1st
Interest Rate =
4.01 - 5.03%
Issue Date =
July 2008
Maturity Date =
May 2021
3/18/2016 11:40 AM
III
Page 92
FISCAL YEAR
FISCAL YEAR
FISCAL YEAR
2014/2015
2015/2016
2016/2017
ACTUAL
BUDGET
BUDGET
REVENUES
Interest Income
NAV Tax Collection
Total Revenues
$
22
100
122,765
122,625
122,787
$
122,725
COMMENTS
$
122,538
EXPENDITURES
Principal Payments
40,000
40,000
0
6,687
78,875
76,038
Interest Payments
Total Expenditures
$
118,875
$
122,725
$
122,538
Excess/ (Shortfall)
$
3,912
$
-
$
-
$2,650,000
Interest Rate =
2.05 - 5.95%
Issue Date =
January 2010
Maturity Date =
May 2035
3/18/2016 11:40 AM
IV
Page 93
Fiscal Year
2013/2014
Assessment*
Fiscal Year
2014/2015
Assessment*
Fiscal Year
2015/2016
Assessment*
Fiscal Year
2016/2017
Administrative
Maintenance
2008 Debt
2010 Debt
$
$
$
$
145.64
1,147.19
427.00
150.17
$
$
$
$
152.43
1,144.65
427.00
145.92
$
$
$
$
154.14
1,142.94
427.00
145.92
$
$
$
$
168.81
1,253.95
427.00
145.92
Total
$
1,870.00
$
1,870.00
$
1,870.00
$
1,995.68
Total Units
895
Total Units
895
Prepayments
3
892
895
Total Units
Prepayments
2
893
3/18/2016 11:40 AM
V
Page 94
Walnut Creek
Scenario #3
Proposed Budget For
Page 95
CONTENTS
I
PROPOSED BUDGET
II
III
IV
V
Page 96
PROPOSED BUDGET
FISCAL YEAR
2016/2017
ANNUAL BUDGET
REVENUES
OTHER REVENUES
INTEREST INCOME
151,084
1,525,479
380,884
130,306
0
1,250
TOTAL REVENUES
$
EXPENDITURES
SUPERVISOR FEES
ENGINEERING
LEGAL FEES
AUDIT FEES
MANAGEMENT
POSTAGE
INSURANCE
LEGAL ADVERTISING
MISCELLANEOUS
ASSESSMENT ROLL
TRUSTEE FEES
WEBSITE MANAGEMENT
2,189,003
$
10,000
800
25,000
18,000
3,900
42,024
1,400
3,300
14,120
1,200
6,500
175
7,500
5,600
1,000
1,500
142,019
FIELD MAINTENANCE
SECURITY SERVICES
PLANT REPLACEMENT
TELEPHONE
ELECTRIC
WATER & SEWAGE
DRAINAGE CLEANING
SIGNAGE
GUARD HOUSE WATERFALL ACTIVATION
HOLIDAY LIGHTING
MONUMENT REPAIRS
LAKES RESTORATION & MAINTENANCE
$
5,000
12,000
290,000
400,000
20,000
10,000
77,000
5,000
8,200
13,000
25,000
23,000
40,000
2,000
5,000
30,000
9,000
6,000
10,000
95,000
300,000
50,000
1,435,200
TOTAL EXPENDITURES
$
1,577,219
$
611,784
(358,031)
(122,488)
BALANCE
$
(43,755)
(87,510)
EXCESS/ (SHORTFALL)
$
0
3/18/2016 11:42 AM
131,265
$
I
-
Page 97
FISCAL YEAR
2014/2015
ACTUAL
137,289
1,024,458
381,741
130,602
8,835
1,284
REVENUES
OTHER REVENUES
INTEREST INCOME
TOTAL REVENUES
$
EXPENDITURES
SUPERVISOR FEES
ENGINEERING
LEGAL FEES
AUDIT FEES
MANAGEMENT
POSTAGE
INSURANCE
LEGAL ADVERTISING
MISCELLANEOUS
ASSESSMENT ROLL
TRUSTEE FEES
WEBSITE MANAGEMENT
1,684,209
FISCAL YEAR
2015/2016
BUDGET
137,958
1,022,931
381,311
130,452
0
1,250
$
1,673,902
FISCAL YEAR
2016/2017
BUDGET
151,084
1,525,479
380,884
130,306
0
1,250
$
$
10,000
800
15,000
18,000
3,800
41,736
1,400
3,300
14,120
1,200
6,000
175
7,500
5,400
1,000
1,500
130,931 $
10,000
800
25,000
18,000
3,900
42,024
1,400
3,300
14,120
1,200
6,500
175
7,500
5,600
1,000
1,500
142,019
$
5,000
12,000
274,480
372,163
10,070
7,699
73,083
3,810
6,750
18,130
0
26,192
37,777
346
8,797
32,276
0
5,292
6,704
0
0
34,929
935,498 $
5,000
12,000
290,000
420,000
0
10,500
77,000
5,000
8,400
8,000
0
23,000
40,000
2,000
5,000
26,000
0
6,000
12,000
0
0
50,000
999,900 $
5,000
12,000
290,000
400,000
20,000
10,000
77,000
5,000
8,200
13,000
25,000
23,000
40,000
2,000
5,000
30,000
9,000
6,000
10,000
95,000
300,000
50,000
1,435,200
TOTAL EXPENDITURES
$
1,066,277
$
1,130,831
$
1,577,219
$
617,932
$
543,071
$
611,784
FIELD MAINTENANCE
SECURITY SERVICES
PLANT REPLACEMENT
TELEPHONE
ELECTRIC
WATER & SEWAGE
DRAINAGE CLEANING
SIGNAGE
GUARD HOUSE WATERFALL ACTIVATION
HOLIDAY LIGHTING
MONUMENT REPAIRS
LAKES RESTORATION & MAINTENANCE
BALANCE
(358,835)
(122,765)
$
$
3/18/2016 11:42 AM
$
(32,275)
(60,189)
EXCESS/ (SHORTFALL)
136,332
(358,432)
(122,625)
43,868
$
43,868
$
38,345
-
II
CPI Adjustment
As Per Contract
Plant Replacement
Drainage Cleaning
Guard House Waterfall Activation
Monument Repairs
Nine Year Project - $300,000 Per Year
131,265
(38,345) $
$
(33,453)
(66,906)
0
$
62,014
2,189,003
8,200
627
25,811
13,313
3,700
41,412
618
3,585
12,549
1,132
6,130
175
7,500
5,527
500
0
130,779 $
COMMENTS
Expenditures/.94
Bond Payments/.94
Bond Payments/.94
0 Carry Forward Surplus
$
-
Page 98
REVENUES
FISCAL YEAR
FISCAL YEAR
FISCAL YEAR
2014/2015
2015/2016
2016/2017
ACTUAL
BUDGET
BUDGET
Interest Income
NAV Tax Collection
Total Revenues
$
14
100
358,835
358,432
358,849
$
358,532
COMMENTS
$
358,081
EXPENDITURES
Principal Payments
260,000
270,000
0
3,851
103,680
84,681
Interest Payments
Total Expenditures
$
Excess/ (Shortfall)
$
363,680
$
358,532
$
358,081
(4,831) $
-
$
-
$3,450,000
May 1st
Interest Rate =
4.01 - 5.03%
Issue Date =
July 2008
Maturity Date =
May 2021
3/18/2016 11:42 AM
III
Page 99
FISCAL YEAR
FISCAL YEAR
FISCAL YEAR
2014/2015
2015/2016
2016/2017
ACTUAL
BUDGET
BUDGET
REVENUES
Interest Income
NAV Tax Collection
Total Revenues
$
22
100
122,765
122,625
122,787
$
122,725
COMMENTS
$
122,538
EXPENDITURES
Principal Payments
40,000
40,000
0
6,687
78,875
76,038
Interest Payments
Total Expenditures
$
118,875
$
122,725
$
122,538
Excess/ (Shortfall)
$
3,912
$
-
$
-
$2,650,000
Interest Rate =
2.05 - 5.95%
Issue Date =
January 2010
Maturity Date =
May 2035
3/18/2016 11:42 AM
IV
Page 100
Fiscal Year
2013/2014
Assessment*
Fiscal Year
2014/2015
Assessment*
Fiscal Year
2015/2016
Assessment*
Fiscal Year
2016/2017
Administrative
Maintenance
2008 Debt
2010 Debt
$
$
$
$
145.64
1,147.19
427.00
150.17
$
$
$
$
152.43
1,144.65
427.00
145.92
$
$
$
$
154.14
1,142.94
427.00
145.92
$
$
$
$
168.81
1,704.45
427.00
145.92
Total
$
1,870.00
$
1,870.00
$
1,870.00
$
2,446.18
Total Units
895
Total Units
895
Prepayments
3
892
895
Total Units
Prepayments
2
893
3/18/2016 11:42 AM
V
Page 101
Page 102
Page 103
Page 104
Page 105

WC 2016-04-05 Regular Board Meeting Book

Transcription

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