TRADITION COMMUNITY DEVELOPMENT
DISTRICT NOS. 1 - 11 PORT ST. LUCIE
REGULAR BOARD MEETING & PUBLIC HEARING SEPTEMBER 6, 2023
11:00 A.M.

Special District Services, Inc.
The Oaks Center 2501A Burns Road
Palm Beach Gardens, FL 33410

www.traditioncdd1.org www.traditioncdd2.org www.traditioncdd3.org www.traditioncdd4.org www.traditioncdd5.org www.traditioncdd6.org www.traditioncdd7.org www.traditioncdd8.org www.traditioncdd9.org www.traditioncdd10.org www.traditioncdd11.org

561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
TRADITION COMMUNITY DEVELOPMENT DISTRICT NO.’S 1-11
Keiser University – Port St. Lucie Campus 9400 SW Discovery Way
Port St. Lucie, FL 34987 OR
Join Zoom Meeting: https://us02web.zoom.us/j/3341025012 Meeting ID: 334 102 5012
Dial In at: 1 929 436 2866
REGULAR BOARD MEETING & PUBLIC HEARING
September 6, 2023
11:00 a.m.

Call to Order
Proof of Publication…	Page 1
Establish Quorum
Seat New Boards Members/Administer Oath of Office
Additions or Deletions
Comments from the Public for Items Not on the Agenda
Public Hearing – Adopting Fiscal Year Budget 2023/2024 Final Budget
Proof of Publication.	Page 2
Receive Public Comments on Adopting Fiscal Year 2023/2024 Final Budget
Consider Resolution No. 2023-23; Adopting Fiscal Year 2023/2024 Final Budget	Page 3
Consider Resolution No. 2023-17; Levying Non-Ad Valorem Assessments for Tradition
CDD No.’s 1-11 for the Fiscal Year 2023/2024.	Page 42
Consent Items
Approval of July 5, 2023, Regular Board Meeting Minutes	Page 65
Approve and Ratify WA #19-143-108.1; Fifth Third Bank- Stormwater	Page 69
Approve WA #19-143-158; Tabernacle of Praise	Page 71
Approve WA #19-143-159; Tabernacle of Praise – Irrigation…	Page 73
Approve WA #19-143-161; Fifth Third Bank – Irrigation…	Page 75
Approve and Ratify Petition to Abandon/Vacate Private Utility Easement	Page 77
Approve and Ratify Joyride Technologies Agreement	Page 79
Old Business
New Business
Consideration of Appointment to District 3/Seat 3
Consider Resolution No. 2023-21; Election of Officers	Page 94
Consider Resolution No. 2023-15; Adopting Fiscal Year 2023/2024 Meeting Schedule	Page 96

Consider Resolution No. 2023-19; Adopting a Record Retention Policy…	Page 99
Consideration of the Western Grove Irrigation Rate Study…	Page 105
Consideration of Water Conservation Policy – Irrigation System Rules and Regulations	Page 128
Review RFQ #2023-05 – Irrigation Capacity and Operational Analysis	Page 130
Administrative Matters
Manager’s Report
Attorney’s Report
Engineer’s Report
Financial Report	Page 136
Founder’s Report
Board Member Discussion Requests and Comments
Adjourn

Agenda may be obtained from the Districts’ websites or at the offices of the District Manager, Special District Services, Inc., 10807 SW Tradition Square, Port St. Lucie, Florida, during normal business hours. The meetings are open to the public and will be conducted in accordance with the provisions of Florida law. Meetings may be continued as found necessary to a time and place specified on the record.
There may be occasions when one or more Supervisors will participate by telephone; therefore, a speaker telephone may be present at the meeting location so that Supervisors may be fully informed of the discussions taking place.
In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accommodations or an interpreter to participate at these meetings should contact the District Manager at (772) 345-5119 and/or toll free at 1-877-737- 4922, at least seven (7) days prior to the date of the meetings.
If any person decides to appeal any decision made with respect to any matter considered at this Public Hearing and Regular Board Meeting, such person will need a record of the proceedings and such person may need to ensure that a verbatim record of the proceedings is made at their own expense and which record includes the testimony and evidence on which the appeal is based.
Meetings may be cancelled from time to time without advertised notice.
Tradition Community Development District Nos. 1-11 www.traditioncdd1.org
www.traditioncdd2.org www.traditioncdd3.org www.traditioncdd4.org www.traditioncdd5.org www.traditioncdd6.org www.traditioncdd7.org www.traditioncdd8.org www.traditioncdd9.org www.traditioncdd10.org www.traditioncdd11.org

PUBLISH: St. Lucie News Tribune	08/17/23 & 08/24/23

Agenda may be obtained from the Districts’ websites or at the offices of the District Manager, Special District Services, Inc., 10807 SW Tradition Square, Port St. Lucie, Florida, during normal business hours. The meetings are open to the public and will be conducted in accordance with the provisions of Florida law. Meetings may be continued as found necessary to a time and place specified on the record.
There may be occasions when one or more Supervisors will participate by telephone; therefore, a speaker telephone may be present at the meeting location so that Supervisors may be fully informed of the discussions taking place.
In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accommodations or an interpreter to participate at these meetings should contact the District Manager at (772) 345-5119 and/or toll free at 1-877-737- 4922, at least seven (7) days prior to the date of the meetings.
If any person decides to appeal any decision made with respect to any matter considered at this Public Hearing and Regular Board Meeting, such person will need a record of the proceedings and such person may need to ensure that a verbatim record of the proceedings is made at their own expense and which record includes the testimony and evidence on which the appeal is based.
Meetings may be cancelled from time to time without advertised notice.
Tradition Community Development District Nos. 1-11 www.traditioncdd1.org
www.traditioncdd2.org www.traditioncdd3.org www.traditioncdd4.org www.traditioncdd5.org www.traditioncdd6.org www.traditioncdd7.org www.traditioncdd8.org www.traditioncdd9.org www.traditioncdd10.org www.traditioncdd11.org

PUBLISH: St. Lucie News Tribune	08/17/23 & 08/24/23

RESOLUTION 2023-23

THE ANNUAL APPROPRIATION RESOLUTION OF THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 1 RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NOS. 1-11 FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2023, AND ENDING SEPTEMBER 30, 2024.

WHEREAS, Tradition Development District No. 1 (“District No. 1”) is a local unit of special-purpose government organized and existing in accordance with the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes (“Act”); and

WHEREAS, District No. 1, along with Tradition Community Development District Nos. 2-11 (“Other Districts,” and collectively with District No. 1, the “Districts”) are parties to that certain Amended and Restated District Development Interlocal Agreement dated April 8, 2008, and recorded in Official Records Book 2983, Page 1174, of the public records of St. Lucie County, Florida (“District Interlocal Agreement”), whereby the Districts have delegated to District No. 1 the authority to act on behalf of the Districts with respect to development and approval of the annual budget for the Districts; and

WHEREAS, the District Manager has, on the 7th day of June, 2023, submitted to the Board of Supervisors of District No. 1 (the “Board”) a proposed budget for the next ensuing budget year for the Districts along with an explanatory and complete financial plan for each fund of the Districts, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the Board set September 6th, 2023, as the date for a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1, of each year, the Board by passage of the Annual Appropriation Resolution shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the Districts during the ensuing fiscal year; and

WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.

NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF TRADITION COMMUNITY DEVELOPMENT DISTRICT NO.1:

Section 1.	Budget

That the Board has reviewed the District Manager’s Proposed Budget, a copy of which is on file with the office of the District Treasurer and the office of the Recording Secretary, and hereby approves certain amendments thereto, as shown in Section 2 below.

That the District Manager’s Proposed Budget for the Districts, as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes, as attached hereto as Exhibit A; provided, however, that the comparative figures contained in the adopted budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures for Fiscal Year 2023/2024 and/or revised projections for Fiscal Year 2023/2024.

That the adopted budget, as amended, shall be maintained in the office of the District Treasurer and the District Recording Secretary and identified as “Tradition Community Development Districts 1-11, Budget for the Fiscal Year Beginning October 1, 2023, and Ending September 30, 2024”, as adopted by the Board on September 6th, 2023.

Section 2.	Appropriations

There is hereby appropriated out of the revenues of the Tradition Community Development District No. 1, for the fiscal year beginning October 1, 2023, and ending September 30, 2024, the sum of $	 to be raised by the levy of assessments and otherwise, which sum is deemed by the Board of Supervisors to be necessary to defray all expenditures of District No. 1 during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$	

DEBT SERVICE FUND	$	

ENTERPRISE FUND	$	

TOTAL ALL FUNDS	$	

There is hereby appropriated out of the revenues of the Tradition Community Development District No. 2, for the fiscal year beginning October 1, 2023, and ending September 30, 2024, the sum of $	 to be raised by the levy of assessments and otherwise, which sum is deemed by the Board of Supervisors to be necessary to defray all expenditures of District No. 2 during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$	

DEBT SERVICE FUND	$	

TOTAL ALL FUNDS	$	

There is hereby appropriated out of the revenues of the Tradition Community Development District No. 3, for the fiscal year beginning October 1, 2023, and ending September 30, 2024, the sum of $	 to be raised by the levy of assessments and otherwise, which sum is deemed by the Board of Supervisors to be necessary to defray all expenditures of District No. 3 during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$	

DEBT SERVICE FUND	$	

ENTERPRISE FUND	$	

TOTAL ALL FUNDS	$	

There is hereby appropriated out of the revenues of the Tradition Community Development District No. 4, for the fiscal year beginning October 1, 2023, and ending September 30, 2024, the sum of $	 to be raised by the levy of assessments and otherwise, which sum is deemed by the Board of Supervisors to be necessary to defray all expenditures of District No. 4 during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$	

DEBT SERVICE FUND	$	

ENTERPRISE FUND	$	

TOTAL ALL FUNDS	$	

There is hereby appropriated out of the revenues of the Tradition Community Development District No. 5, for the fiscal year beginning October 1, 2023, and ending September 30, 2024, the sum of $	 to be raised by the levy of assessments and otherwise, which sum is deemed by the Board of Supervisors to be necessary to defray all expenditures of District No. 5 during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$	

DEBT SERVICE FUND	$	

ENTERPRISE FUND	$	

There is hereby appropriated out of the revenues of the Tradition Community Development District No. 6, for the fiscal year beginning October 1, 2023, and ending September 30, 2024, the sum of $	 to be raised by the levy of assessments and otherwise, which sum is deemed by the Board of Supervisors to be necessary to defray all expenditures of District No. 6 during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$	

DEBT SERVICE FUND	$	

ENTERPRISE FUND	$	

TOTAL ALL FUNDS	$	

There is hereby appropriated out of the revenues of the Tradition Community Development District No. 7, for the fiscal year beginning October 1, 2023, and ending September 30, 2024, the sum of $	 to be raised by the levy of assessments and otherwise, which sum is deemed by the Board of Supervisors to be necessary to defray all expenditures of District No. 7 during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$	

DEBT SERVICE FUND	$	

ENTERPRISE FUND	$	

TOTAL ALL FUNDS	$	

There is hereby appropriated out of the revenues of the Tradition Community Development District No. 8, for the fiscal year beginning October 1, 2023, and ending September 30, 2024, the sum of $	 to be raised by the levy of assessments and otherwise, which sum is deemed by the Board of Supervisors to be necessary to defray all expenditures of District No. 8 during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$	

DEBT SERVICE FUND	$	

ENTERPRISE FUND	$	

TOTAL ALL FUNDS	$	

There is hereby appropriated out of the revenues of the Tradition Community Development District No. 9, for the fiscal year beginning October 1, 2023, and ending September 30, 2024, the sum of $	 to be raised by the levy of assessments and otherwise, which sum is deemed by the Board of Supervisors to be necessary to defray all expenditures of District No. 9 during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$	

DEBT SERVICE FUND	$	

ENTERPRISE FUND	$	

TOTAL ALL FUNDS	$	

There is hereby appropriated out of the revenues of the Tradition Community Development District No. 10, for the fiscal year beginning October 1, 2023, and ending September 30, 2024, the sum of $	 to be raised by the levy of assessments and otherwise, which sum is deemed by the Board of Supervisors to be necessary to defray all expenditures of District No. 10 during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$	

DEBT SERVICE FUND	$	

ENTERPRISE FUND	$	

TOTAL ALL FUNDS	$	

There is hereby appropriated out of the revenues of the Tradition Community Development District No. 11, for the fiscal year beginning October 1, 2023, and ending September 30, 2024, the sum of $	 to be raised by the levy of assessments and otherwise, which sum is deemed by the Board of Supervisors to be necessary to defray all expenditures of District No. 11 during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$	

DEBT SERVICE FUND	$	

ENTERPRISE FUND	$	

TOTAL ALL FUNDS	$	

Section 3.	Supplemental Appropriations

The Board may authorize by resolution, supplemental appropriations or revenue changes for any lawful purpose from funds on hand or estimated to be received within the fiscal year as follows:

Board may authorize a transfer of the unexpended balance or portion thereof of any appropriation item.

Board may authorize an appropriation from the unappropriated balance of any fund.

Board may increase any revenue or income budget amount to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.

The District Manager and Treasurer shall have the power within a given fund to authorize the transfer of any unexpended balance of any appropriation item or any portion thereof, provided such transfers do not exceed Ten Thousand ($11,000) Dollars or have the effect of causing more than 11% of the total appropriation of a given program or project to be transferred, previously approved transfers included. Such transfer shall not have the effect of causing a more than $11,000 or 11% increase, previously approved transfers included, to the original budget appropriation for the receiving program. Transfers within a program or project may be approved by the Board. The District Manager or Treasurer must establish administrative procedures which require information on the request forms proving that such transfer requests comply with this section.

Introduced, considered favorably, and adopted this 6th day of September, 2023.

TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 1

Chairman / Vice Chairman

ATTEST:

Secretary/ Assistant Secretary

EXHIBIT "A"

TRADITION COMMUNITY DEVELOMENT DISTRICTS 1-11 BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2023, AND ENDING SEPTEMBER 30, 2024

Tradition Community Development Districts #1-11

Final Budget For Fiscal Year 2023/2024
October 1, 2023 - September 30, 2024

3-4	FINAL BUDGET-RECAP CDD1-10
5-7	FINAL BUDGET-RECAP FY23 COMPARISON
8-9	FINAL BUDGET-CDD 1
10-11 FINAL BUDGET-CDD 2
12-13 FINAL BUDGET-CDD 3
14-15 FINAL BUDGET-CDD 4
16-17 FINAL BUDGET-CDD 5
18-19 FINAL BUDGET-CDD 6
20-21 FINAL BUDGET-CDD 7
22-23 FINAL BUDGET-CDD 8
24-25 FINAL BUDGET-CDD 9
26-27 FINAL BUDGET-CDD 10
28-29 FINAL BUDGET-CDD 11
FINAL O&M ASSESSMENT RECAP
FINAL DEBT SERVICE BUDGET SERIES 2014 BOND
FINAL DEBT SERVICE BUDGET SERIES 2021 BOND
FINAL BUDGET- IRRIGATION
FINAL DEBT SERVICE IRRIGATION SERIES 2017 BOND

TRADITION COMMUNITY DEVELOPMENT DISTRICTS #1-11 FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

	CDD 1	CDD 2	 	CDD 3	 	CDD 4	 	CDD 5	 	CDD 6	 	CDD 7	 	CDD 8	 	CDD 9	 	CDD 10	 	CDD 11	 	TOTAL	

REVENUES	
ON-ROLL ASSESSMENTS - Debt	4,630	394,573	870,654	961,320	959,827	911,990	165,579	486,157	256,103	80,243	349,030	5,440,105	
ON-ROLL ASSESSMENTS - ADMIN	3,802	19,914	59,123	59,836	59,836	54,418	70,719	47,526	31,130	129,985	2,376	538,664	
ON-ROLL ASSESSMENTS - MAINT	1,637	139,460	307,730	339,775	339,247	322,340	58,523	171,831	90,518	28,362	123,363	1,922,785	
ON-ROLL ASSESSMENTS - TIM	2,036	10,665	0	0	0	0	37,874	25,453	16,672	69,614	1,273	163,587	
STORMWATER	830	70,717	156,043	172,292	172,024	163,451	29,676	87,131	45,900	14,381	62,555	975,000	
Other Income	424	2,218	6,585	6,665	6,665	6,061	7,877	5,294	3,467	14,479	265	60,000	
DEVELOPER CONTRIBUTION/BOND FUNDS - TIM  	0 	0		0		0		0		0		0		0		0		0		0		0	
Total Revenues	  $	13,358  $	637,547	 $  1,400,135	 $  1,539,887	 $  1,537,599	 $  1,458,260	 $	370,249	 $	823,392	 $	443,790	 $	337,063	 $	538,861	 $  9,100,142	

EXPENDITURES - ADMIN																										
AUDIT		388		2,033		6,037		6,109		6,109		5,556		7,221		4,853		3,178		13,272		243		55000	
DISSEMINATION AGENT		21		111		329		333		333		303		394		265		173		724		13		3000	
DISTRICT COUNSEL		565		2,957		8,781		8,887		8,887		8,082		10,503		7,058		4,623		19,305		353		80000	
MANAGEMENT		763		3,994		11,859		12,002		12,002		10,915		14,185		9,533		6,244		26,073		477		108046	
ASSESSMENT ROLL		71		370		1,098		1,111		1,111		1,010		1,313		882		578		2,413		44		10000	
DUES, LICENSES & FEES		14		71		211		214		214		194		253		170		111		465		8		1925	
ENGINEERING		353		1,848		5,488		5,554		5,554		5,051		6,564		4,412		2,890		12,065		221		50000	
GENERAL INSURANCE		847		4,436		13,171		13,330		13,330		12,123		15,754		10,588		6,935		28,957		529		120000	
WEB SITE MAINTENANCE		58		305		906		916		916		833		1,083		728		477		1,991		36		8250	
LEGAL ADVERTISING		46		240		713		722		722		657		853		573		376		1,569		29		6500	
TRAVEL AND PER DIEM		7		37		110		111		111		101		131		88		58		241		4		1000	
OFFICE SUPPLIES		18		92		274		278		278		253		328		221		144		603		11		2500	
POSTAGE & SHIPPING		2		13		38		39		39		35		46		31		20		84		2		350	
COPIES		21		111		329		333		333		303		394		265		173		724		13		3000	
SUPERVISOR FEES		424		2,218		6,585		6,665		6,665		6,061		7,877		5,294		3,467		14,479		265		60000	
TRUSTEE SERVICES		127		665		1,976		1,999		1,999		1,818		2,363		1,588		1,040		4,344		79		18000	
OFFICE RENT		176		924		2,744		2,777		2,777		2,526		3,282		2,206		1,445		6,033		110		25000	
CONTINUING DISCLOSURE FEE		21		111		329		333		333		303		394		265		173		724		13		3000	
TOTAL ADMINISTRATIVE EXPENSES		3,921		20,539		60,979		61,714		61,714		56,126		72,939		49,018		32,107		134,064		2,451		555,571	

EXPENDITURES - MAINTENANCE																										
LAKE MAINTENANCE		259		22,100		48,765		53,843		53,759		51,080		9,274		27,229		14,344		4,494		19,549		304,696	
TIM OPERATIONS		1,873		9,812		0		0		0		0		34,844		23,417		15,338		64,045		1,171		150,500	
BUILDING, BRIDGE, MONUMENT MAINTENANCE		226		19,221		42,412		46,828		46,755		44,425		8,066		23,682		12,475		3,909		17,002		265,000	
CONTINGENCY - MAINTENANCE		61		5,222		11,523		12,723		12,703		12,070		2,191		6,434		3,390		1,062		4,619		72,000	
COMMUNITY AREA MAINTENANCE		43		3,627		8,002		8,835		8,822		8,382		1,522		4,468		2,354		738		3,208		50,000	
DEVLOPMENT COORDINATOR		27		2,282		5,036		5,560		5,552		5,275		958		2,812		1,481		464		2,019		31,467	
ELECTRIC		74		6,310		13,924		15,374		15,350		14,585		2,648		7,775		4,096		1,283		5,582		87,000	
ENGINEERING		85		7,253		16,004		17,671		17,644		16,764		3,044		8,937		4,708		1,475		6,416		100,000	
FIELD MANAGEMENT		204		17,407		38,410		42,410		42,344		40,234		7,305		21,448		11,298		3,540		15,398		240,000	
FOUNTAIN MAINTENANCE & CHEMICALS		26		2,176		4,801		5,301		5,293		5,029		913		2,681		1,412		443		1,925		30,000	
LANDSCAPING MAINTENANCE & MATERIALS		763		64,994		143,415		158,350		158,104		150,224		27,274		80,080		42,185		13,218		57,493		896,100	
IRRIGATION		129		11,025		24,327		26,860		26,818		25,482		4,626		13,584		7,156		2,242		9,752		152,000	
IRRIGATION PARTS & REPAIRS		64		5,440		12,003		13,253		13,233		12,573		2,283		6,702		3,531		1,106		4,812		75,000	
SIDEWALK CLEANING		26		2,176		4,801		5,301		5,293		5,029		913		2,681		1,412		443		1,925		30,000	
SIDEWALK REPAIR		51		4,352		9,603		10,603		10,586		10,059		1,826		5,362		2,825		885		3,850		60,000	
SIGNAGE		9		725		1,600		1,767		1,764		1,676		304		894		471		148		642		10,000	
STREETLIGHTS		38		3,264		7,202		7,952		7,940		7,544		1,370		4,021		2,118		664		2,887		45,000	
STORMWATER MANAGEMENT		81		6,941		15,316		16,911		16,885		16,043		2,913		8,552		4,505		1,412		6,140		95,700	
TREE/PLANT REPLACEMENT & TRIM		170		14,506		32,009		35,342		35,287		33,528		6,087		17,873		9,415		2,950		12,832		200,000	
TOTAL MAINTENANCE EXPENSES		4,209		208,832		439,154		484,885		484,132		460,003		118,362		268,632		144,515		104,519		177,220		2,894,463	
																									
Total Expenditures			 $	8,130		 $	229,371		 $	500,132		 $	546,599		 $	545,846		 $	516,129		 $	191,301		 $	317,650		 $	176,622		 $	238,584		 $	179,671		 $  3,450,034	
EXCESS / (SHORTFALL)			 $	5,228		 $	408,176		 $	900,002		 $	993,288		 $	991,754		 $	942,131		 $	178,949		 $	505,742		 $	267,168		 $	98,480		 $	359,191		 $  5,650,108	

PAYMENTS TO TRUSTEE		
(4,260)		
(363,007)		
(801,002)		
(884,414)		
(883,041)		
(839,031)		
(152,333)		
(447,265)		
(235,614)		
(73,823)		
(321,107)		
(5,004,897)	
BALANCE			 $	968		 $	45,169		 $	99,001		 $	108,874		 $	108,713		 $	103,100		 $	26,616		 $	58,477		 $	31,554		 $	24,656		 $	38,083		 $	645,211	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(484)		
(22,584)		
(49,500)		
(54,437)		
(54,356)		
(51,550)		
(13,308)		
(29,239)		
(15,777)		
(12,328)		
(19,042)		
(322,606)	
DISCOUNTS FOR EARLY PAYMENTS		(484)		(22,584)		(49,500)		(54,437)		(54,356)		(51,550)		(13,308)		(29,239)		(15,777)		(12,328)		(19,042)		(322,606)	
NET EXCESS / (SHORTFALL)			 $	- 		 $	- 		 $	- 		 $	- 		 $	- 		 $	- 		 $	- 		 $	- 		 $	- 		 $	- 		 $	- 		 $	- 	

	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR		
	2022/2023	2022/2023	2023/2024		
		ANNUAL BUDGET		  ACTUALS - JULY 2023			FINAL BUDGET			
REVENUES						
ON-ROLL ASSESSMENTS - Debt	5,379,577	4,771,045	5,440,105		
ON-ROLL ASSESSMENTS - ADMIN	609,718	599,006	538,664		
ON-ROLL ASSESSMENTS - MAINT	1,710,616	1,680,561	1,922,785		
ON-ROLL ASSESSMENTS - TIM	300,956	295,668	163,587		
STORMWATER	825,000	974,432	975,000		
OTHER INCOME	0	213,684	60,000		
DEVELOPER CONTRIBUTION - TIM	0	1,381,680	0		
Total Revenues		$	8,825,868	$	9,916,076	$	9,100,142		
EXPENDITURES - ADMIN						
AUDIT	55,000	9,200	55,000		
BANK FEES	670	0	0		
DISSEMINATION AGENT	2,000	0	3,000		
DISTRICT COUNSEL	80,000	28,622	80,000		
MANAGEMENT	96,161	80,134	108,046		
ASSESSMENT ROLL	10,000	0	10,000		
DUES, LICENSES & FEES	1,750	1,875	1,925		
ENGINEERING	50,000	85,681	50,000		
GENERAL INSURANCE	110,860	100,912	120,000		
WEB SITE MAINTENANCE	7,500	6,250	8,250		
LEGAL ADVERTISING	6,500	3,990	6,500		
MISCELLANEOUS	0	16,821	0		
TRAVEL AND PER DIEM	1,000	779	1,000		
OFFICE SUPPLIES	2,500	2,785	2,500		
POSTAGE & SHIPPING	200	1,100	350		
COPIES	1,000	3,417	3,000		
SUPERVISOR FEES	64,800	39,092	60,000		
TRUSTEE SERVICES	18,000	16,663	18,000		
OFFICE RENT	25,000	73,823	25,000		
CONTINUING DISCLOSURE FEE	3,000	1,750	3,000		
CONTINGENCY - ADMIN	25,000	0	0		
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0	0	0		
TOTAL ADMIN EXPENSES	560,941	472,894	555,571		

COMMENTS	

No Change
Line item removed
Increase for future bonds (Western Grove) No Change
CPI Increase per contract plus additional CDD
No Change
Increase for additional CDD No Change
Estimating increase plus additional CDD Additional CDD
No Change
Line item removed (Actuals result of CDD #11 Establishment)
No longer charged for meeting room No longer purchasing decorations Adjustment for FY23 Actuals
Adjustment for FY23 Actuals
Assumes all supervisors attend 1 meeting per month No Change
No Change
Increase for future bonds (Western Grove) Line item removed
Line item removed

FISCAL YEAR	FISCAL YEAR	FISCAL YEAR		
2022/2023	2022/2023	2023/2024		
	ANNUAL BUDGET		  ACTUALS - JULY 2023			FINAL BUDGET			
EXPENDITURES - MAINT				
LAKE MAINTENANCE	255,000	162,796	304,696		
TIM OPERATIONS	300,956	234,618	150,500		
BUILDING, BRIDGE, MONUMENT MAINTENANC	300,000	0	265,000		
(FKA CONTINGENCY) - MAINT RESERVES	72,000		72,000		
COMMUNITY AREA MAINTENANCE	40,000	96,603	50,000		
DEVELOPMENT COORDINATOR	61,100	50,917	31,467		
ELECTRIC	70,000	69,095	87,000		
ENGINEERING	100,000	90,884	100,000		
FIELD MANAGEMENT	197,667	164,723	240,000		
FOUNTAIN MAINTENANCE & CHEMICALS	30,000	14,599	30,000		
LANDSCAPING MAINTENANCE & MATERIALS	870,000	858,372	896,100		
IRRIGATION	152,000	128,169	152,000		
IRRIGATION PARTS & REPAIRS	25,000	41,014	75,000		
SIDEWALK CLEANING	30,000	30,000	30,000		
SIDEWALK REPAIR	45,000	0	60,000		
SIGNAGE	10,000	116,773	10,000		
STREETLIGHTS	45,000	104,869	45,000		
STORMWATER MANAGEMENT	6,000	76,748	95,700		
TREE/PLANT REPLACEMENT & TRIM	90,000	86,874	200,000		
TOTAL MAINTENANCE EXPENSES	2,699,723	2,327,054	2,894,463		
	
$	3,260,664	$	2,799,948			
Total Expenditures		$	3,450,034		
				
EXCESS / (SHORTFALL)	$	5,565,204	$	7,116,128	$	5,650,108		

PAYMENT TO TRUSTEE	
(4,949,211)	(4,259,544)	
(5,004,897)		
BOND PREPAYMENTS	-	Not Included in Actuals			
BALANCE	$	615,993	$	2,856,584	$	645,211		

COUNTY APPRAISER & TAX COLLECTOR FEE	(307,996)	
(280,145)	
(322,606)		
DISCOUNTS FOR EARLY PAYMENTS	(307,996)	(267,877)	(322,606)		
NET EXCESS / (SHORTFALL)	$	-	$	2,308,561	$	-		

COMMENTS	

Per contract, now inlcudes Wetland maintenance 50% of Operations: $211K & Insurance: $90K Maint plus $60K estimate for Lake 14 Shade Structure Changed to General Maintenance Reserves
Based on anticipated repairs
Split with SG plus CPI Increase per contract
Adjustment for FY23 Actuals No Change
Increase for Western Grove + additional CDD
No Change
3% Increase allowed per contract
No Change
Based on anticipated repairs
No Change
Several panel section replacements due to roots
No Change (Alligator Signs cause for FY23 increase) No Change (New Lightpoles cause for FY23 Increase) Estimated Canal & Lake Banks Mowing/Maintenance Trim increase + 20k in replacements

	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	
		ANNUAL BUDGET			FINAL BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		62,341	4,630	
ON-ROLL ASSESSMENTS - ADMIN		18,597	3,802	
ON-ROLL ASSESSMENTS - MAINT		23,512	1,637	
ON-ROLL ASSESSMENTS - TIM		3,746	2,036	
STORMWATER		11,339	830	
OTHER INCOME			424	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	119,535	$	13,358	
EXPENDITURES - ADMIN				
AUDIT		6,500	388	
DISSEMINATION AGENT		27	21	
DISTRICT COUNSEL		565	565	
MANAGEMENT		679	763	
ASSESSMENT ROLL		71	71	
DUES, LICENSES & FEES		175	14	
ENGINEERING		353	353	
GENERAL INSURANCE		783	847	
WEB SITE MAINTENANCE		750	58	
LEGAL ADVERTISING		46	46	
MISCELLANEOUS		182	0	
TRAVEL AND PER DIEM		7	7	
OFFICE SUPPLIES		18	18	
POSTAGE & SHIPPING		1	2	
COPIES		7	21	
SUPERVISOR FEES		6,480	424	
TRUSTEE SERVICES		247	127	
OFFICE RENT		177	176	
CONTINUING DISCLOSURE FEE		41	21	
TOTAL ADMIN EXPENSES		17,110	3,921	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	3,505	259	
TIM OPERATIONS	3,746	1,873	
BUILDING, BRIDGE, MONUMENT MAINTENANC	4,123	226	
CONTINGENCY - MAINTENANCE	990	61	
COMMUNITY AREA MAINTENANCE	550	43	
DEVLOPMENT COORDINATOR	840	27	
ELECTRIC	962	74	
ENGINEERING	1,374	85	
FIELD MANAGEMENT	2,717	204	
FOUNTAIN MAINTENANCE & CHEMICALS	412	26	
LANDSCAPING MAINTENANCE & MATERIALS	11,958	763	
IRRIGATION	2,089	129	
IRRIGATION PARTS & REPAIRS	344	64	
SIDEWALK CLEANING	412	26	
SIDEWALK REPAIR	619	51	
SIGNAGE	137	9	
STREETLIGHTS	619	38	
STORMWATER MANAGEMENT	82	81	
TREE/PLANT REPLACEMENT & TRIM	1,237	170	
TOTAL MAINTENANCE EXPENSES	36,716	4,209	

$	53,826		
Total Expenditures		$	8,130	
			
EXCESS / (SHORTFALL)	$	65,709	$	5,228	

PAYMENT TO TRUSTEE	

(57,353)	
(4,260)	
BALANCE	$	8,355	$	968	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(4,178)	
(484)	
DISCOUNTS FOR EARLY PAYMENTS	(4,178)	(484)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	
		ANNUAL BUDGET			FINAL BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		326,508	394,573	
ON-ROLL ASSESSMENTS - ADMIN		32,270	19,914	
ON-ROLL ASSESSMENTS - MAINT		123,142	139,460	
ON-ROLL ASSESSMENTS - TIM		19,620	10,665	
STORMWATER		59,389	70,717	
OTHER INCOME		0	2,218	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	560,931	$	637,547	
EXPENDITURES - ADMIN				
AUDIT		5,500	2,033	
DISSEMINATION AGENT		144	111	
DISTRICT COUNSEL		2,960	2,957	
MANAGEMENT		3,558	3,994	
ASSESSMENT ROLL		370	370	
DUES, LICENSES & FEES		175	71	
ENGINEERING		1,850	1,848	
GENERAL INSURANCE		4,102	4,436	
WEB SITE MAINTENANCE		750	305	
LEGAL ADVERTISING		240	240	
MISCELLANEOUS		950	0	
TRAVEL AND PER DIEM		37	37	
OFFICE SUPPLIES		92	92	
POSTAGE & SHIPPING		7	13	
COPIES		37	111	
SUPERVISOR FEES		6,480	2,218	
TRUSTEE SERVICES		1,296	665	
OFFICE RENT		925	924	
CONTINUING DISCLOSURE FEE		216	111	
TOTAL ADMIN EXPENSES		29,689	20,539	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	18,357	22,100	
TIM OPERATIONS	19,620	9,812	
BUILDING, BRIDGE, MONUMENT MAINTENANC	21,596	19,221	
CONTINGENCY - MAINTENANCE	5,183	5,222	
COMMUNITY AREA MAINTENANCE	2,879	3,627	
DEVLOPMENT COORDINATOR	4,398	2,282	
ELECTRIC	5,039	6,310	
ENGINEERING	7,199	7,253	
FIELD MANAGEMENT	14,229	17,407	
FOUNTAIN MAINTENANCE & CHEMICALS	2,160	2,176	
LANDSCAPING MAINTENANCE & MATERIALS	62,629	64,994	
IRRIGATION	10,942	11,025	
IRRIGATION PARTS & REPAIRS	1,800	5,440	
SIDEWALK CLEANING	2,160	2,176	
SIDEWALK REPAIR	3,239	4,352	
SIGNAGE	720	725	
STREETLIGHTS	3,239	3,264	
STORMWATER MANAGEMENT	432	6,941	
TREE/PLANT REPLACEMENT & TRIM	6,479	14,506	
TOTAL MAINTENANCE EXPENSES	192,300	208,832	

$	221,989		
Total Expenditures		$	229,371	
			
EXCESS / (SHORTFALL)	$	338,941	$	408,176	

PAYMENT TO TRUSTEE	

(300,388)	
(363,007)	
BALANCE	$	38,553	$	45,169	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(19,277)	
(22,584)	
DISCOUNTS FOR EARLY PAYMENTS	(19,277)	(22,584)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	
		ANNUAL BUDGET			FINAL BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		969,395	870,654	
ON-ROLL ASSESSMENTS - ADMIN		68,191	59,123	
ON-ROLL ASSESSMENTS - MAINT		365,605	307,730	
ON-ROLL ASSESSMENTS - TIM		0	0	
STORMWATER		176,325	156,043	
OTHER INCOME		0	6,585	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	1,579,516	$	1,400,135	
EXPENDITURES - ADMIN				
AUDIT		5,500	6,037	
DISSEMINATION AGENT		427	329	
DISTRICT COUNSEL		8,788	8,781	
MANAGEMENT		10,563	11,859	
ASSESSMENT ROLL		1,098	1,098	
DUES, LICENSES & FEES		175	211	
ENGINEERING		5,492	5,488	
GENERAL INSURANCE		12,177	13,171	
WEB SITE MAINTENANCE		750	906	
LEGAL ADVERTISING		714	713	
MISCELLANEOUS		2,820	0	
TRAVEL AND PER DIEM		110	110	
OFFICE SUPPLIES		275	274	
POSTAGE & SHIPPING		22	38	
COPIES		110	329	
SUPERVISOR FEES		6,480	6,585	
TRUSTEE SERVICES		3,847	1,976	
OFFICE RENT		2,746	2,744	
CONTINUING DISCLOSURE FEE		641	329	
TOTAL ADMIN EXPENSES		62,736	60,979	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	54,500	48,765	
TIM OPERATIONS	0	0	
BUILDING, BRIDGE, MONUMENT MAINTENANC	64,118	42,412	
CONTINGENCY - MAINTENANCE	15,388	11,523	
COMMUNITY AREA MAINTENANCE	8,549	8,002	
DEVLOPMENT COORDINATOR	13,059	5,036	
ELECTRIC	14,961	13,924	
ENGINEERING	21,373	16,004	
FIELD MANAGEMENT	42,247	38,410	
FOUNTAIN MAINTENANCE & CHEMICALS	6,412	4,801	
LANDSCAPING MAINTENANCE & MATERIALS	185,943	143,415	
IRRIGATION	32,487	24,327	
IRRIGATION PARTS & REPAIRS	5,343	12,003	
SIDEWALK CLEANING	6,412	4,801	
SIDEWALK REPAIR	9,618	9,603	
SIGNAGE	2,137	1,600	
STREETLIGHTS	9,618	7,202	
STORMWATER MANAGEMENT	1,282	15,316	
TREE/PLANT REPLACEMENT & TRIM	19,235	32,009	
TOTAL MAINTENANCE EXPENSES	512,682	439,154	

$	575,418		
Total Expenditures		$	500,132	
			
EXCESS / (SHORTFALL)	$	1,004,099	$	900,002	

PAYMENT TO TRUSTEE	

(891,843)	
(801,002)	
BALANCE	$	112,255	$	99,001	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(56,128)	
(49,500)	
DISCOUNTS FOR EARLY PAYMENTS	(56,128)	(49,500)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	
		ANNUAL BUDGET			FINAL BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		981,084	961,320	
ON-ROLL ASSESSMENTS - ADMIN		68,844	59,836	
ON-ROLL ASSESSMENTS - MAINT		370,014	339,775	
ON-ROLL ASSESSMENTS - TIM		0	0	
STORMWATER		178,451	172,292	
OTHER INCOME		0	6,665	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	1,598,393	$	1,539,887	
EXPENDITURES - ADMIN				
AUDIT		5,500	6,109	
DISSEMINATION AGENT		433	333	
DISTRICT COUNSEL		8,894	8,887	
MANAGEMENT		10,690	12,002	
ASSESSMENT ROLL		1,112	1,111	
DUES, LICENSES & FEES		175	214	
ENGINEERING		5,558	5,554	
GENERAL INSURANCE		12,324	13,330	
WEB SITE MAINTENANCE		750	916	
LEGAL ADVERTISING		723	722	
MISCELLANEOUS		2,853	0	
TRAVEL AND PER DIEM		111	111	
OFFICE SUPPLIES		278	278	
POSTAGE & SHIPPING		22	39	
COPIES		111	333	
SUPERVISOR FEES		6,480	6,665	
TRUSTEE SERVICES		3,893	1,999	
OFFICE RENT		2,779	2,777	
CONTINUING DISCLOSURE FEE		649	333	
TOTAL ADMIN EXPENSES		63,336	61,714	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	55,158	53,843	
TIM OPERATIONS	0	0	
BUILDING, BRIDGE, MONUMENT MAINTENANC	64,891	46,828	
CONTINGENCY - MAINTENANCE	15,574	12,723	
COMMUNITY AREA MAINTENANCE	8,652	8,835	
DEVLOPMENT COORDINATOR	13,216	5,560	
ELECTRIC	15,141	15,374	
ENGINEERING	21,630	17,671	
FIELD MANAGEMENT	42,756	42,410	
FOUNTAIN MAINTENANCE & CHEMICALS	6,489	5,301	
LANDSCAPING MAINTENANCE & MATERIALS	188,185	158,350	
IRRIGATION	32,878	26,860	
IRRIGATION PARTS & REPAIRS	5,408	13,253	
SIDEWALK CLEANING	6,489	5,301	
SIDEWALK REPAIR	9,734	10,603	
SIGNAGE	2,163	1,767	
STREETLIGHTS	9,734	7,952	
STORMWATER MANAGEMENT	1,298	16,911	
TREE/PLANT REPLACEMENT & TRIM	19,467	35,342	
TOTAL MAINTENANCE EXPENSES	518,864	484,885	

$	582,200		
Total Expenditures		$	546,599	
			
EXCESS / (SHORTFALL)	$	1,016,193	$	993,288	

PAYMENT TO TRUSTEE	

(902,597)	
(884,414)	
BALANCE	$	113,596	$	108,874	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(56,798)	
(54,437)	
DISCOUNTS FOR EARLY PAYMENTS	(56,798)	(54,437)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	
		ANNUAL BUDGET			FINAL BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		974,071	959,827	
ON-ROLL ASSESSMENTS - ADMIN		68,452	59,836	
ON-ROLL ASSESSMENTS - MAINT		367,369	339,247	
ON-ROLL ASSESSMENTS - TIM		0	0	
STORMWATER		177,176	172,024	
OTHER INCOME		0	6,665	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	1,587,067	$	1,537,599	
EXPENDITURES - ADMIN				
AUDIT		5,500	6,109	
DISSEMINATION AGENT		430	333	
DISTRICT COUNSEL		8,830	8,887	
MANAGEMENT		10,614	12,002	
ASSESSMENT ROLL		1,104	1,111	
DUES, LICENSES & FEES		175	214	
ENGINEERING		5,519	5,554	
GENERAL INSURANCE		12,236	13,330	
WEB SITE MAINTENANCE		750	916	
LEGAL ADVERTISING		717	722	
MISCELLANEOUS		2,833	0	
TRAVEL AND PER DIEM		110	111	
OFFICE SUPPLIES		276	278	
POSTAGE & SHIPPING		22	39	
COPIES		110	333	
SUPERVISOR FEES		6,480	6,665	
TRUSTEE SERVICES		3,866	1,999	
OFFICE RENT		2,759	2,777	
CONTINUING DISCLOSURE FEE		644	333	
TOTAL ADMIN EXPENSES		62,976	61,714	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	54,763	53,759	
TIM OPERATIONS	0	0	
BUILDING, BRIDGE, MONUMENT MAINTENANC	64,427	46,755	
CONTINGENCY - MAINTENANCE	15,463	12,703	
COMMUNITY AREA MAINTENANCE	8,590	8,822	
DEVLOPMENT COORDINATOR	13,122	5,552	
ELECTRIC	15,033	15,350	
ENGINEERING	21,476	17,644	
FIELD MANAGEMENT	42,451	42,344	
FOUNTAIN MAINTENANCE & CHEMICALS	6,443	5,293	
LANDSCAPING MAINTENANCE & MATERIALS	186,840	158,104	
IRRIGATION	32,643	26,818	
IRRIGATION PARTS & REPAIRS	5,369	13,233	
SIDEWALK CLEANING	6,443	5,293	
SIDEWALK REPAIR	9,664	10,586	
SIGNAGE	2,148	1,764	
STREETLIGHTS	9,664	7,940	
STORMWATER MANAGEMENT	1,289	16,885	
TREE/PLANT REPLACEMENT & TRIM	19,328	35,287	
TOTAL MAINTENANCE EXPENSES	515,155	484,132	

$	578,130		
Total Expenditures		$	545,846	
			
EXCESS / (SHORTFALL)	$	1,008,937	$	991,754	

PAYMENT TO TRUSTEE	

(896,145)	
(883,041)	
BALANCE	$	112,792	$	108,713	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(56,396)	
(54,356)	
DISCOUNTS FOR EARLY PAYMENTS	(56,396)	(54,356)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	
		ANNUAL BUDGET			FINAL BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		892,249	911,990	
ON-ROLL ASSESSMENTS - ADMIN		63,880	54,418	
ON-ROLL ASSESSMENTS - MAINT		336,510	322,340	
ON-ROLL ASSESSMENTS - TIM		0	0	
STORMWATER		162,293	163,451	
OTHER INCOME		0	6,061	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	1,454,932	$	1,458,260	
EXPENDITURES - ADMIN				
AUDIT		5,500	5,556	
DISSEMINATION AGENT		393	303	
DISTRICT COUNSEL		8,088	8,082	
MANAGEMENT		9,722	10,915	
ASSESSMENT ROLL		1,011	1,010	
DUES, LICENSES & FEES		175	194	
ENGINEERING		5,055	5,051	
GENERAL INSURANCE		11,208	12,123	
WEB SITE MAINTENANCE		750	833	
LEGAL ADVERTISING		657	657	
MISCELLANEOUS		2,596	0	
TRAVEL AND PER DIEM		101	101	
OFFICE SUPPLIES		253	253	
POSTAGE & SHIPPING		20	35	
COPIES		101	303	
SUPERVISOR FEES		6,480	6,061	
TRUSTEE SERVICES		3,541	1,818	
OFFICE RENT		2,528	2,526	
CONTINUING DISCLOSURE FEE		590	303	
TOTAL ADMIN EXPENSES		58,771	56,126	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	50,163	51,080	
TIM OPERATIONS	0	0	
BUILDING, BRIDGE, MONUMENT MAINTENANC	59,016	44,425	
CONTINGENCY - MAINTENANCE	14,164	12,070	
COMMUNITY AREA MAINTENANCE	7,869	8,382	
DEVLOPMENT COORDINATOR	12,019	5,275	
ELECTRIC	13,770	14,585	
ENGINEERING	19,672	16,764	
FIELD MANAGEMENT	38,885	40,234	
FOUNTAIN MAINTENANCE & CHEMICALS	5,902	5,029	
LANDSCAPING MAINTENANCE & MATERIALS	171,145	150,224	
IRRIGATION	29,901	25,482	
IRRIGATION PARTS & REPAIRS	4,918	12,573	
SIDEWALK CLEANING	5,902	5,029	
SIDEWALK REPAIR	8,852	10,059	
SIGNAGE	1,967	1,676	
STREETLIGHTS	8,852	7,544	
STORMWATER MANAGEMENT	1,180	16,043	
TREE/PLANT REPLACEMENT & TRIM	17,705	33,528	
TOTAL MAINTENANCE EXPENSES	471,882	460,003	

$	530,652		
Total Expenditures		$	516,129	
			
EXCESS / (SHORTFALL)	$	924,280	$	942,131	

PAYMENT TO TRUSTEE	

(820,869)	
(839,031)	
BALANCE	$	103,411	$	103,100	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(51,706)	
(51,550)	
DISCOUNTS FOR EARLY PAYMENTS	(51,706)	(51,550)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	
		ANNUAL BUDGET			FINAL BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		116,888	165,579	
ON-ROLL ASSESSMENTS - ADMIN		73,068	70,719	
ON-ROLL ASSESSMENTS - MAINT		44,084	58,523	
ON-ROLL ASSESSMENTS - TIM		69,678	37,874	
STORMWATER		21,261	29,676	
OTHER INCOME		0	7,877	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	324,980	$	370,249	
EXPENDITURES - ADMIN				
AUDIT		5,500	7,221	
DISSEMINATION AGENT		52	394	
DISTRICT COUNSEL		10,511	10,503	
MANAGEMENT		12,635	14,185	
ASSESSMENT ROLL		1,314	1,313	
DUES, LICENSES & FEES		175	253	
ENGINEERING		6,570	6,564	
GENERAL INSURANCE		14,566	15,754	
WEB SITE MAINTENANCE		750	1,083	
LEGAL ADVERTISING		854	853	
MISCELLANEOUS		3,373	0	
TRAVEL AND PER DIEM		131	131	
OFFICE SUPPLIES		328	328	
POSTAGE & SHIPPING		26	46	
COPIES		131	394	
SUPERVISOR FEES		6,480	7,877	
TRUSTEE SERVICES		464	2,363	
OFFICE RENT		3,285	3,282	
CONTINUING DISCLOSURE FEE		77	394	
TOTAL ADMIN EXPENSES		67,222	72,939	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	6,572	9,274	
TIM OPERATIONS	69,678	34,844	
BUILDING, BRIDGE, MONUMENT MAINTENANC	7,731	8,066	
CONTINGENCY - MAINTENANCE	1,856	2,191	
COMMUNITY AREA MAINTENANCE	1,031	1,522	
DEVLOPMENT COORDINATOR	1,575	958	
ELECTRIC	1,804	2,648	
ENGINEERING	2,577	3,044	
FIELD MANAGEMENT	5,094	7,305	
FOUNTAIN MAINTENANCE & CHEMICALS	773	913	
LANDSCAPING MAINTENANCE & MATERIALS	22,421	27,274	
IRRIGATION	3,917	4,626	
IRRIGATION PARTS & REPAIRS	644	2,283	
SIDEWALK CLEANING	773	913	
SIDEWALK REPAIR	1,160	1,826	
SIGNAGE	258	304	
STREETLIGHTS	1,160	1,370	
STORMWATER MANAGEMENT	155	2,913	
TREE/PLANT REPLACEMENT & TRIM	2,319	6,087	
TOTAL MAINTENANCE EXPENSES	131,497	118,362	

$	198,719		
Total Expenditures		$	191,301	
			
EXCESS / (SHORTFALL)	$	126,260	$	178,949	

PAYMENT TO TRUSTEE	

(107,537)	
(152,333)	
BALANCE	$	18,723	$	26,616	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(9,362)	
(13,308)	
DISCOUNTS FOR EARLY PAYMENTS	(9,362)	(13,308)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	
		ANNUAL BUDGET			FINAL BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		0	486,157	
ON-ROLL ASSESSMENTS - ADMIN		54,691	47,526	
ON-ROLL ASSESSMENTS - MAINT		0	171,831	
ON-ROLL ASSESSMENTS - TIM		49,168	25,453	
STORMWATER		0	87,131	
OTHER INCOME		0	5,294	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	103,859	$	823,392	
EXPENDITURES - ADMIN				
AUDIT		5,000	4,853	
DISSEMINATION AGENT		0	265	
DISTRICT COUNSEL		7,417	7,058	
MANAGEMENT		8,916	9,533	
ASSESSMENT ROLL		927	882	
DUES, LICENSES & FEES		175	170	
ENGINEERING		4,636	4,412	
GENERAL INSURANCE		10,278	10,588	
WEB SITE MAINTENANCE		750	728	
LEGAL ADVERTISING		603	573	
MISCELLANEOUS		2,380	0	
TRAVEL AND PER DIEM		93	88	
OFFICE SUPPLIES		232	221	
POSTAGE & SHIPPING		19	31	
COPIES		93	265	
SUPERVISOR FEES		6,480	5,294	
TRUSTEE SERVICES		0	1,588	
OFFICE RENT		2,318	2,206	
CONTINUING DISCLOSURE FEE		0	265	
TOTAL ADMIN EXPENSES		50,315	49,018	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	0	27,229	
TIM OPERATIONS	49,168	23,417	
BUILDING, BRIDGE, MONUMENT MAINTENANC	0	23,682	
CONTINGENCY - MAINTENANCE	0	6,434	
COMMUNITY AREA MAINTENANCE	0	4,468	
DEVLOPMENT COORDINATOR	0	2,812	
ELECTRIC	0	7,775	
ENGINEERING	0	8,937	
FIELD MANAGEMENT	0	21,448	
FOUNTAIN MAINTENANCE & CHEMICALS	0	2,681	
LANDSCAPING MAINTENANCE & MATERIALS	0	80,080	
IRRIGATION	0	13,584	
IRRIGATION PARTS & REPAIRS	0	6,702	
SIDEWALK CLEANING	0	2,681	
SIDEWALK REPAIR	0	5,362	
SIGNAGE	0	894	
STREETLIGHTS	0	4,021	
STORMWATER MANAGEMENT	0	8,552	
TREE/PLANT REPLACEMENT & TRIM	0	17,873	
TOTAL MAINTENANCE EXPENSES	49,168	268,632	

$	99,484		
Total Expenditures		$	317,650	
			
EXCESS / (SHORTFALL)	$	4,375	$	505,742	

PAYMENT TO TRUSTEE	

-	
(447,265)	
BALANCE	$	4,375	$	58,477	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(2,188)	
(29,239)	
DISCOUNTS FOR EARLY PAYMENTS	(2,188)	(29,239)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	
		ANNUAL BUDGET			FINAL BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		0	256,103	
ON-ROLL ASSESSMENTS - ADMIN		39,189	31,130	
ON-ROLL ASSESSMENTS - MAINT		0	90,518	
ON-ROLL ASSESSMENTS - TIM		30,672	16,672	
STORMWATER		0	45,900	
OTHER INCOME		0	3,467	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	69,861	$	443,790	
EXPENDITURES - ADMIN				
AUDIT		5,000	3,178	
DISSEMINATION AGENT		0	173	
DISTRICT COUNSEL		4,627	4,623	
MANAGEMENT		5,562	6,244	
ASSESSMENT ROLL		578	578	
DUES, LICENSES & FEES		175	111	
ENGINEERING		2,892	2,890	
GENERAL INSURANCE		6,412	6,935	
WEB SITE MAINTENANCE		750	477	
LEGAL ADVERTISING		376	376	
MISCELLANEOUS		39	0	
TRAVEL AND PER DIEM		58	58	
OFFICE SUPPLIES		145	144	
POSTAGE & SHIPPING		12	20	
COPIES		58	173	
SUPERVISOR FEES		6,480	3,467	
TRUSTEE SERVICES		1,446	1,040	
OFFICE RENT		0	1,445	
CONTINUING DISCLOSURE FEE		1,446	173	
TOTAL ADMIN EXPENSES		36,054	32,107	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	0	14,344	
TIM OPERATIONS	30,672	15,338	
BUILDING, BRIDGE, MONUMENT MAINTENANC	0	12,475	
CONTINGENCY - MAINTENANCE	0	3,390	
COMMUNITY AREA MAINTENANCE	0	2,354	
DEVLOPMENT COORDINATOR	0	1,481	
ELECTRIC	0	4,096	
ENGINEERING	0	4,708	
FIELD MANAGEMENT	0	11,298	
FOUNTAIN MAINTENANCE & CHEMICALS	0	1,412	
LANDSCAPING MAINTENANCE & MATERIALS	0	42,185	
IRRIGATION	0	7,156	
IRRIGATION PARTS & REPAIRS	0	3,531	
SIDEWALK CLEANING	0	1,412	
SIDEWALK REPAIR	0	2,825	
SIGNAGE	0	471	
STREETLIGHTS	0	2,118	
STORMWATER MANAGEMENT	0	4,505	
TREE/PLANT REPLACEMENT & TRIM	0	9,415	
TOTAL MAINTENANCE EXPENSES	30,672	144,515	

$	66,726		
Total Expenditures		$	176,622	
			
EXCESS / (SHORTFALL)	$	3,135	$	267,168	

PAYMENT TO TRUSTEE	

-	
(235,614)	
BALANCE	$	3,135	$	31,554	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(1,568)	
(15,777)	
DISCOUNTS FOR EARLY PAYMENTS	(1,568)	(15,777)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	
		ANNUAL BUDGET			FINAL BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		1,057,041	80,243	
ON-ROLL ASSESSMENTS - ADMIN		122,536	129,985	
ON-ROLL ASSESSMENTS - MAINT		80,380	28,362	
ON-ROLL ASSESSMENTS - TIM		128,071	69,614	
STORMWATER		38,766	14,381	
OTHER INCOME		0	14,479	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	1,426,795	$	337,063	
EXPENDITURES - ADMIN				
AUDIT		5,500	13,272	
DISSEMINATION AGENT		94	724	
DISTRICT COUNSEL		19,320	19,305	
MANAGEMENT		23,223	26,073	
ASSESSMENT ROLL		2,415	2,413	
DUES, LICENSES & FEES		175	465	
ENGINEERING		12,075	12,065	
GENERAL INSURANCE		26,773	28,957	
WEB SITE MAINTENANCE		750	1,991	
LEGAL ADVERTISING		1,570	1,569	
MISCELLANEOUS		162	0	
TRAVEL AND PER DIEM		242	241	
OFFICE SUPPLIES		1,450	603	
POSTAGE & SHIPPING		48	84	
COPIES		242	724	
SUPERVISOR FEES		6,480	14,479	
TRUSTEE SERVICES		6,038	4,344	
OFFICE RENT		141	6,033	
CONTINUING DISCLOSURE FEE		6,038	724	
TOTAL ADMIN EXPENSES		112,734	134,064	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	11,982	4,494	
TIM OPERATIONS	128,071	64,045	
BUILDING, BRIDGE, MONUMENT MAINTENANC	14,097	3,909	
CONTINGENCY - MAINTENANCE	3,383	1,062	
COMMUNITY AREA MAINTENANCE	1,880	738	
DEVLOPMENT COORDINATOR	2,871	464	
ELECTRIC	3,289	1,283	
ENGINEERING	4,699	1,475	
FIELD MANAGEMENT	9,288	3,540	
FOUNTAIN MAINTENANCE & CHEMICALS	1,410	443	
LANDSCAPING MAINTENANCE & MATERIALS	40,881	13,218	
IRRIGATION	7,142	2,242	
IRRIGATION PARTS & REPAIRS	1,175	1,106	
SIDEWALK CLEANING	1,410	443	
SIDEWALK REPAIR	2,115	885	
SIGNAGE	470	148	
STREETLIGHTS	2,115	664	
STORMWATER MANAGEMENT	282	1,412	
TREE/PLANT REPLACEMENT & TRIM	4,229	2,950	
TOTAL MAINTENANCE EXPENSES	240,787	104,519	

$	353,521		
Total Expenditures		$	238,584	
			
EXCESS / (SHORTFALL)	$	1,073,274	$	98,480	

PAYMENT TO TRUSTEE	

(972,478)	
(73,823)	
BALANCE	$	100,796	$	24,656	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(50,398)	
(12,328)	
DISCOUNTS FOR EARLY PAYMENTS	(50,398)	(12,328)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	
		ANNUAL BUDGET			FINAL BUDGET		
REVENUES			
ON-ROLL ASSESSMENTS - Debt	0	349,030	
ON-ROLL ASSESSMENTS - ADMIN	0	2,376	
ON-ROLL ASSESSMENTS - MAINT	0	123,363	
ON-ROLL ASSESSMENTS - TIM	0	1,273	
STORMWATER	0	62,555	
OTHER INCOME		265	
DEVELOPER CONTRIBUTION - TIM	0	0	
Total Revenues		$	-	$	538,861	
EXPENDITURES - ADMIN					
AUDIT			0	243	
DISSEMINATION AGENT			0	13	
DISTRICT COUNSEL			0	353	
MANAGEMENT			0	477	
ASSESSMENT ROLL			0	44	
DUES, LICENSES & FEES			0	8	
ENGINEERING			0	221	
GENERAL INSURANCE			0	529	
WEB SITE MAINTENANCE			0	36	
LEGAL ADVERTISING			0	29	
MISCELLANEOUS			0	0	
TRAVEL AND PER DIEM			0	4	
OFFICE SUPPLIES			0	11	
POSTAGE & SHIPPING			0	2	
COPIES			0	13	
SUPERVISOR FEES			0	265	
TRUSTEE SERVICES			0	79	
OFFICE RENT			0	110	
CONTINUING DISCLOSURE FEE			0	13	
TOTAL ADMIN EXPENSES			0	2,451	

EXPENDITURES - MAINT		
LAKE MAINTENANCE		0	19,549	
TIM OPERATIONS		0	1,171	
BUILDING, BRIDGE, MONUMENT MAINTENANC		0	17,002	
CONTINGENCY - MAINTENANCE		0	4,619	
COMMUNITY AREA MAINTENANCE		0	3,208	
DEVLOPMENT COORDINATOR		0	2,019	
ELECTRIC		0	5,582	
ENGINEERING		0	6,416	
FIELD MANAGEMENT		0	15,398	
FOUNTAIN MAINTENANCE & CHEMICALS		0	1,925	
LANDSCAPING MAINTENANCE & MATERIALS		0	57,493	
IRRIGATION		0	9,752	
IRRIGATION PARTS & REPAIRS		0	4,812	
SIDEWALK CLEANING		0	1,925	
SIDEWALK REPAIR		0	3,850	
SIGNAGE		0	642	
STREETLIGHTS		0	2,887	
STORMWATER MANAGEMENT		0	6,140	
TREE/PLANT REPLACEMENT & TRIM		0	12,832	
TOTAL MAINTENANCE EXPENSES		0	177,220	
		
$	-			
Total Expenditures				$	179,671	
					
EXCESS / (SHORTFALL)		$	-		$	359,191	

PAYMENT TO TRUSTEE			
-	
(321,107)	
BALANCE		$	-		$	38,083	

COUNTY APPRAISER & TAX COLLECTOR FEE			
-	
(19,042)	
DISCOUNTS FOR EARLY PAYMENTS			-	(19,042)	
NET EXCESS / (SHORTFALL)		$	-		$	-	

FINAL ASSESSMENT ALLOCATION FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

FISCAL YEAR	FISCAL YEAR
2022/2023	2023/2024

CDD 1	Assessments		Proposed Assessments	
Single Family	$	381.99		$	395.93	
Multi-Family	$	190.99		$	197.97	
Commerical Sq. Ft	$	0.1532		$	0.1584	
CDD 2				
Single Family	$	381.99		$	395.93	
Multi-Family	$	190.99		$	197.97	
Commerical Sq. Ft	$	0.1532		$	0.1584	
CDD 3				
Single Family	$	335.16		$	349.11	
Multi-Family	$	167.58		$	174.55	
Commerical Sq. Ft	$	0.1344		$	0.1396	
CDD 4				
Single Family	$	335.16		$	349.11	
Multi-Family	$	167.58		$	174.55	
Commerical Sq. Ft	$	0.1344		$	0.1396	
CDD 5				
Single Family	$	335.16		$	349.11	
Multi-Family	$	167.58		$	174.55	
Commerical Sq. Ft	$	0.1344		$	0.1396	
CDD 6				
Single Family	$	335.16		$	349.11	
Multi-Family	$	167.58		$	174.55	
Commerical Sq. Ft	$	0.1344		$	0.1396	
CDD 7				
Single Family	$	381.99		$	395.93	
Multi-Family	$	190.99		$	197.97	
Commerical Sq. Ft	$	0.1532		$	0.1584	
CDD 8				
Single Family	$	381.99		$	395.93	
Multi-Family	$	190.99		$	197.97	
Commerical Sq. Ft	$	0.1532		$	0.1584	
CDD 9				
Single Family	$	381.99		$	395.93	
Multi-Family	$	190.99		$	197.97	
Commerical Sq. Ft	$	0.1532		$	0.1584	
CDD 10				
Single Family	$	381.99		$	395.93	
Multi-Family	$	190.99		$	197.97	
Commerical Sq. Ft	$	0.1532		$	0.1584	
CDD 11	(Formed during FY23)			
Single Family	$	-		$	395.93	
Multi-Family	$	-		$	197.97	
Commerical Sq. Ft	$	Page 28-		$	0.1584	

	FISCAL YEAR 2023/2024
FINAL BUDGET	

REVENUES			

Interest Income		0	
Net Debt Collections		4,036,102	
Total Revenues	$	4,036,102	

EXPENDITURES			

Principal Payments		2,345,000	
Interest Payments		1,441,556	
Miscellaneous / Extra Redemption		249,546	
Total Expenditures	$	4,036,102	
			
Excess / (Shortfall)	$	-	

	Series 2014 Bond Information	

Original Par Amount =	$53,170,000	Annual Principal Payments Due =	May 1st	
Avarage Interest Rate =
Issue Date =	3.71%
April 2014	Annual Interest Payments Due =	May 1st & November 1st	
Maturity Date =	May 2035			

	ASSESSMENTS		
Single Family - Per Unit	658.68	Budgeted	
Multi-Family - Per Unit	360.05	Budgeted	
Commercial- Per Square Foot	0.43656	Budgeted	

Single Family - Per Unit	
715.89	
Grossed Up - Per Methodology	
Multi-Family - Per Unit	391.31	Grossed Up - Per Methodology	
Commercial- Per Square Foot	0.4745	Grossed Up - Per Methodology	

	FISCAL YEAR 2023/2024
FINAL BUDGET	

REVENUES			

Interest Income		0	
Net Debt Collections		968,795	
Total Revenues	$	968,795	

EXPENDITURES			

Principal Payments		380,000	
Interest Payments		588,795	
Miscellaneous / Extra Redemption		0	
Total Expenditures	$	968,795	
			
Excess / (Shortfall)	$	-	

	Series 2021 Bond Information	

Original Par Amount =	$17,755,000	Annual Principal Payments Due =	May 1st	
Avarage Interest Rate =
Issue Date =	3.09%
July 2021	Annual Interest Payments Due =	May 1st & November 1st	
Maturity Date =	May 2052			

REVENUES	 SERVICE CHARGE - IRRIGATION ENGINEERING REVENUE FEES
 	
Total Revenues

COMMENTS	

Projected

EXPENSES	
FIELD OPERATIONS TRUSTEE SERVICES MANAGEMENT ENGINEERING
PROFESSIONAL SERVICES, OTHER DEVELOPMENT COORDINATOR CITY FRANCHISE FEE
TRAVEL AND PER DIEM TELEPHONE
POSTAGE AND SHIPPING BANK FEES
BAD DEBT OFFICE SUPPLIES
FIELD SUPPLIES (OTHER) DUES, LICENSES, FEES VEHICLE, GAS, & REPAIR ELECTRIC
WATER
OTHER UTILITIES GENERAL INSURANCE
GENERAL REPAIR & MAINTENANCE LANDSCAPING MAINTENANCE & MATERIAL HVAC
RENEWAL AND REPLACEMENT
OTHER SYSTEM IMPROVEMENTS OPERATING RESERVES/MISC CONTINGENCY

CPI Adjustment per contract

CPI Adjustment per contract
6% of Gross Receipts + Installments

FISCAL YEAR	FISCAL YEAR
2022/2023	2023/2024
	ANNUAL BUDGET			FINAL BUDGET	

$

1,650,000
17,338
1,667,338	$

1,890,000
17,338
1,907,338

0
5,000
366,742
40,000
5,000
61,100
109,421
400
1,930
253
1,250
65,000
250
2,000
2,300
1,000
105,000
170
1,550
21,102
153,000
11,000
4,500
200,000
75,000
40,000
26,046

0
5,000
377,744
40,000
5,000
62,933
165,000
400
1,930
253
1,250
65,000
250
2,000
2,300
1,000
105,000
170
1,550
21,102
215,000
11,000
4,500
250,000
100,000
80,000
20,531

$

1,299,013

$

1,538,913

$

368,325

$

368,425

(368,325)

(368,425)

$

(0)	$

0

$

-

$

-

Total Expenses

EXCESS / (SHORTFALL)

PAYMENT TO TRUSTEE

BALANCE

NET INCOME

	FISCAL YEAR 2023/2024
FINAL BUDGET	

REVENUES				
Transfer from Operating Fund			368,425	
Total Revenues		$	368,425	

EXPENDITURES				
Principal Payments			125,000	
Interest Payments			243,425	
Total Expenditures		$	368,425	
				
Excess / (Shortfall)		$	-	

	Series 2017 Bond Information	
Original Par Amount =	$6,095,000
Issue Date =	Oct 2017
Maturity Date =	Oct 2047

RESOLUTION 2023-17

RESOLUTION OF THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 1 LEVYING NON-AD VALOREM ASSESSMENTS FOR THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NOS. 1-11 FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2023, AND ENDING SEPTEMBER 30, 2024.

WHEREAS, Tradition Development District No. 1 (“District No. 1”) is a local unit of special-purpose government organized and existing in accordance with the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes (“Act”); and

WHEREAS, District No. 1, Tradition Community Development District No. 2 (“District No. 2”), Tradition Community Development District No. 3 (District No. 3”), Tradition Community Development District No. 4 (“District No. 4”), Tradition Community Development District No. 5 (“District No. 5”), Tradition Community Development District No. 6 (“District No. 6”), Tradition Community Development District No. 7 (“District No. 7”), Tradition Community Development District No. 8 (“District No. 8”), Tradition Community Development District No. 9 (“District No. 9”),Tradition Community Development District No. 10 (“District No. 10”), and Tradition Community Development District No. 11 (“District No. 11”) have entered into that certain Amended and Restated District Development Interlocal Agreement dated April 8, 2008, and recorded in Official Records Book 2983, Page 1074, of the public records of St. Lucie County, Florida (“District Interlocal Agreement”); and

WHEREAS, except as otherwise defined herein, all capitalized terms used in this Resolution shall have the meanings assigned thereto in the District Interlocal Agreement; and

WHEREAS, the District Interlocal Agreement designates Tradition Community Development District No. 1 (“District No. 1”) as the initial Administration District, and the Districts have not designated another District as successor or replacement Administration District; and

WHEREAS, within the Districts certain costs of operation, repairs and maintenance are being incurred; and

WHEREAS, the Board of Supervisors of District No. 1 (“Board”) finds that the total General Fund Operations Assessments for the Districts during Fiscal Year 2023/2024 will amount to $		 , allocated (i) upon assessable properties within District No. 1, $		, (ii) upon assessable properties within District No. 2, $	, (iii) upon assessable properties within District No. 3,
$	, (iv) upon assessable properties within District No. 4,
$	, (v) upon assessable  properties within District  No.  5,
$	, (vi) upon assessable properties within District No. 6,
$	, (vii) upon assessable properties within District No. 7,
$	, (viii) upon assessable properties within District No. 8,

$	, (x) upon assessable properties within District No. 10,
$	, (x) upon assessable properties within District No. 11,
$	, ; and

WHEREAS, the Board finds that, taking into consideration other revenue sources, the Project/Bond Assessment for the Districts during Fiscal Year 2023/2024 will amount to $			, allocated (i) upon assessable properties within District No. 1, $				, (ii) upon assessable properties within District No. 2, $		, (iii) upon assessable properties within District No. 3, $	, (iv) upon assessable properties within District No. 4,
$	, (v) upon assessable properties within District No. 5,
$	, (vi) upon assessable properties within District No. 6,
$	, (vii) upon assessable properties within District No. 7,
$	, (viii) upon assessable properties within District No. 8,
$	, (ix) upon assessable properties within District No. 9,
$	, (x) upon assessable properties within District No. 10,
$	, (x) upon assessable properties within District No. 11,
$	, ; and

WHEREAS, the Board finds that the costs of administration provide special and peculiar benefit to certain properties within the Districts; and

WHEREAS, the Board finds that the assessments on the affected parcels of property to pay for the special and peculiar benefits is fairly and reasonably apportioned, in proportion to the benefits received in accordance with the applicable Assessment Methodologies for the Districts;

NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF TRADITION COMMUNITY DEVELOPMENT DISTRICT NO.1:

Section 1.

A Special Assessment for Maintenance (if required), as provided for in Section
190.021 Florida Statutes, (hereinafter referred to as the “assessments”) is hereby levied on the platted lots within the Districts as shown on the attached Exhibit A (if applicable)

Section 2.

The collection and enforcement of the aforesaid assessments on platted lots shall be by the Tax Collector serving as agent of the State of Florida in St. Lucie County (Tax Collector) and shall be at the same time and in like manner as ad valorem taxes and subject to all ad valorem tax collection and enforcement procedures which attend the use of the official annual tax notice under Section 290.021 Florida Statutes.

Section 3.

The said assessment levies on assessable lands within the Districts to be levied upon, are hereby certified to the St. Lucie County Property Appraiser, to be extended on the St.

time as St. Lucie County taxes. The proceeds therefrom shall be paid to District No. 1 for credit to the respective District in accordance with the District Interlocal Agreement.

Section 4.

Be it further resolved, a copy of this Resolution shall be transmitted to the proper officials so that its purpose and effect may be carried out in accordance with the law.

PASSED AND ADOPTED this 6th day of September, 2023.

TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 1

Chairman / Vice Chairman

ATTEST:

Secretary/ Assistant Secretary

RESOLUTION 2023-17 (CDD2)

RESOLUTION OF THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 2 CONSENTING TO THE LEVY AND COLLECTION BY THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 1 OF THE NON-AD VALOREM ASSESSMENTS FOR THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NOS. 1-11 FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2023, AND ENDING SEPTEMBER 30, 2024.

WHEREAS, Tradition Community Development District No. 2 (“District No. 2”) is a local unit of special-purpose government organized and existing in accordance with the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes (“Act”); and

WHEREAS, District No. 2, along with Tradition Community Development District Nos. 1 & 3-10 (“Other Districts,” and collectively with District No. 2, the “Districts”) are parties to that certain Amended and Restated District Development Interlocal Agreement dated April 8, 2008, and recorded in Official Records Book 2983, Page 1074, of the public records of St. Lucie County, Florida (“District Interlocal Agreement”), whereby the Districts have delegated to Tradition Community Development District No. 1 (“District No. 1”) the authority to act on behalf of the Districts to Levy and collect (a) within each of the 2003 Project Districts, the 2003 Project Assessments on all assessable property within the 2003 Benefit Area, (b) within each of the 2003 Project Districts, the 2003 Project Maintenance Assessments on all assessable property within the 2003 Benefit Area, and (c) within each of the New CIP Districts, non-ad valorem maintenance assessments on all assessable property within the New CIP Area; and

WHEREAS, the Board of Supervisors of District No. 1, in accordance with the District Interlocal Agreement, has levied non-ad valorem assessments for the Tradition Community Development District Nos. 1 through 11 for the Fiscal Year beginning October 1, 2023, and ending September 30, 2024; by its Resolution No. 2023-17; Resolution of the Tradition Community Development District No. 1 Levying Non-Ad Valorem Assessments for the Tradition Community Development District Nos. 1 through 10 for the Fiscal Year Beginning October 1, 2023, and Ending September 30, 2024; and

WHEREAS, although the District Interlocal Agreement accords full authority to District No. 1 to levy and collect non-ad valorem assessments for the Districts, the Board of Supervisors of District No. 2 (“Board”) desires to express its consent to the levy and collection by the Board of Supervisors of District No. 1 of the non-ad valorem assessments for the Districts for the Fiscal Year Beginning October 1, 2023, and Ending September 30, 2024;

NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF TRADITION COMMUNITY DEVELOPMENT DISTRICT

Section 1.	Consent to Levy and Collection of Non-Ad Valorem Assessments for Fiscal Year 2024. The Board hereby consents to the levy and collection by the Board of Supervisors of District No. 1 of the non-ad valorem assessments for the Districts for the Fiscal Year beginning October 1, 2023, and ending September 30, 2024.

Section 2.  Severability. If any section, paragraph, clause, or provision of this Resolution shall be held to be invalid or ineffective for any reason, the remainder of this Resolution shall continue in full force and effect, it being expressly hereby found and declared that the remainder of this Resolution would have been adopted despite the invalidity or ineffectiveness of such section, paragraph, clause, or provision.

Section 3.  Effective Date. This Resolution shall take effect immediately upon its adoption, and all provisions of any previous resolution in conflict with the provisions of this Resolution are hereby superseded.

ADOPTED by the Board of Supervisors of Tradition Community Development District No. 2 this 6th day of September, 2023.

TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 2

Chairman / Vice Chairman

ATTEST:

Secretary/ Assistant Secretary

RESOLUTION 2023-17 (CDD3)

RESOLUTION OF THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 3 CONSENTING TO THE LEVY AND COLLECTION BY THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 1 OF THE NON-AD VALOREM ASSESSMENTS FOR THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NOS. 1-11 FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2023, AND ENDING SEPTEMBER 30, 2024.

WHEREAS, Tradition Community Development District No. 3 (“District No. 3”) is a local unit of special-purpose government organized and existing in accordance with the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes (“Act”); and

WHEREAS, District No. 3, along with Tradition Community Development District Nos. 1-2 & 4-11 (“Other Districts,” and collectively with District No. 3, the “Districts”) are parties to that certain Amended and Restated District Development Interlocal Agreement dated April 8, 2008, and recorded in Official Records Book 2983, Page 1074, of the public records of St. Lucie County, Florida (“District Interlocal Agreement”), whereby the Districts have delegated to Tradition Community Development District No. 1 (“District No. 1”) the authority to act on behalf of the Districts to Levy and collect (a) within each of the 2003 Project Districts, the 2003 Project Assessments on all assessable property within the 2003 Benefit Area, (b) within each of the 2003 Project Districts, the 2003 Project Maintenance Assessments on all assessable property within the 2003 Benefit Area, and (c) within each of the New CIP Districts, non-ad valorem maintenance assessments on all assessable property within the New CIP Area; and

WHEREAS, the Board of Supervisors of District No. 1, in accordance with the District Interlocal Agreement, has levied non-ad valorem assessments for the Tradition Community Development District Nos. 1 through 11 for the Fiscal Year beginning October 1, 2023, and ending September 30, 2024; by its Resolution No. 2023-17; Resolution of the Tradition Community Development District No. 1 Levying Non-Ad Valorem Assessments for the Tradition Community Development District Nos. 1 through 11 for the Fiscal Year Beginning October 1, 2023, and Ending September 30, 2024; and

WHEREAS, although the District Interlocal Agreement accords full authority to District No. 1 to levy and collect non-ad valorem assessments for the Districts, the Board of Supervisors of District No. 3 (“Board”) desires to express its consent to the levy and collection by the Board of Supervisors of District No. 1 of the non-ad valorem assessments for the Districts for the Fiscal Year Beginning October 1, 2023, and Ending September 30, 2024;

NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF TRADITION COMMUNITY DEVELOPMENT DISTRICT

Section 1.	Consent to Levy and Collection of Non-Ad Valorem Assessments for Fiscal Year 2024. The Board hereby consents to the levy and collection by the Board of Supervisors of District No. 1 of the non-ad valorem assessments for the Districts for the Fiscal Year beginning October 1, 2023, and ending September 30, 2024.

Section 2.  Severability. If any section, paragraph, clause, or provision of this Resolution shall be held to be invalid or ineffective for any reason, the remainder of this Resolution shall continue in full force and effect, it being expressly hereby found and declared that the remainder of this Resolution would have been adopted despite the invalidity or ineffectiveness of such section, paragraph, clause, or provision.

Section 3.  Effective Date. This Resolution shall take effect immediately upon its adoption, and all provisions of any previous resolution in conflict with the provisions of this Resolution are hereby superseded.

ADOPTED by the Board of Supervisors of Tradition Community Development District No. 3 this 6th day of September, 2023.

TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 3

Chairman / Vice Chairman

ATTEST:

Secretary/ Assistant Secretary

RESOLUTION 2023-17 (CDD4)

RESOLUTION OF THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 4 CONSENTING TO THE LEVY AND COLLECTION BY THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 1 OF THE NON-AD VALOREM ASSESSMENTS FOR THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NOS. 1-11 FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2023, AND ENDING SEPTEMBER 30, 2024.

WHEREAS, Tradition Community Development District No. 4 (“District No. 4”) is a local unit of special-purpose government organized and existing in accordance with the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes (“Act”); and

WHEREAS, District No. 4, along with Tradition Community Development District Nos. 1-3 & 5-11 (“Other Districts,” and collectively with District No. 4, the “Districts”) are parties to that certain Amended and Restated District Development Interlocal Agreement dated April 8, 2008, and recorded in Official Records Book 2983, Page 1174, of the public records of St. Lucie County, Florida (“District Interlocal Agreement”), whereby the Districts have delegated to Tradition Community Development District No. 1 (“District No. 1”) the authority to act on behalf of the Districts to Levy and collect (a) within each of the 2003 Project Districts, the 2003 Project Assessments on all assessable property within the 2003 Benefit Area, (b) within each of the 2003 Project Districts, the 2003 Project Maintenance Assessments on all assessable property within the 2003 Benefit Area, and (c) within each of the New CIP Districts, non-ad valorem maintenance assessments on all assessable property within the New CIP Area; and

WHEREAS, the Board of Supervisors of District No. 1, in accordance with the District Interlocal Agreement, has levied non-ad valorem assessments for the Tradition Community Development District Nos. 1 through 11 for the Fiscal Year beginning October 1, 2023, and ending September 30, 2024; by its Resolution No. 2023-17; Resolution of the Tradition Community Development District No. 1 Levying Non-Ad Valorem Assessments for the Tradition Community Development District Nos. 1 through 11 for the Fiscal Year Beginning October 1, 2023, and Ending September 30, 2024; and

WHEREAS, although the District Interlocal Agreement accords full authority to District No. 1 to levy and collect non-ad valorem assessments for the Districts, the Board of Supervisors of District No. 4 (“Board”) desires to express its consent to the levy and collection by the Board of Supervisors of District No. 1 of the non-ad valorem assessments for the Districts for the Fiscal Year Beginning October 1, 2023, and Ending September 30, 2024;

NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF TRADITION COMMUNITY DEVELOPMENT DISTRICT

Section 1.	Consent to Levy and Collection of Non-Ad Valorem Assessments for Fiscal Year 2024. The Board hereby consents to the levy and collection by the Board of Supervisors of District No. 1 of the non-ad valorem assessments for the Districts for the Fiscal Year beginning October 1, 2023, and ending September 30, 2024.

Section 2.  Severability. If any section, paragraph, clause, or provision of this Resolution shall be held to be invalid or ineffective for any reason, the remainder of this Resolution shall continue in full force and effect, it being expressly hereby found and declared that the remainder of this Resolution would have been adopted despite the invalidity or ineffectiveness of such section, paragraph, clause, or provision.

Section 3.  Effective Date. This Resolution shall take effect immediately upon its adoption, and all provisions of any previous resolution in conflict with the provisions of this Resolution are hereby superseded.

ADOPTED by the Board of Supervisors of Tradition Community Development District No. 4 this 6th day of September, 2023.

TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 4

Chairman / Vice Chairman

ATTEST:

Secretary/ Assistant Secretary

RESOLUTION 2023-17 (CDD5)

RESOLUTION OF THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 5 CONSENTING TO THE LEVY AND COLLECTION BY THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 1 OF THE NON-AD VALOREM ASSESSMENTS FOR THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NOS. 1-11 FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2023, AND ENDING SEPTEMBER 30, 2024.

WHEREAS, Tradition Community Development District No. 5 (“District No. 5”) is a local unit of special-purpose government organized and existing in accordance with the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes (“Act”); and

WHEREAS, District No. 5, along with Tradition Community Development District Nos. 1-4 & 6-11 (“Other Districts,” and collectively with District No. 5, the “Districts”) are parties to that certain Amended and Restated District Development Interlocal Agreement dated April 8, 2008, and recorded in Official Records Book 2983, Page 1174, of the public records of St. Lucie County, Florida (“District Interlocal Agreement”), whereby the Districts have delegated to Tradition Community Development District No. 1 (“District No. 1”) the authority to act on behalf of the Districts to Levy and collect (a) within each of the 2003 Project Districts, the 2003 Project Assessments on all assessable property within the 2003 Benefit Area, (b) within each of the 2003 Project Districts, the 2003 Project Maintenance Assessments on all assessable property within the 2003 Benefit Area, and (c) within each of the New CIP Districts, non-ad valorem maintenance assessments on all assessable property within the New CIP Area; and

WHEREAS, the Board of Supervisors of District No. 1, in accordance with the District Interlocal Agreement, has levied non-ad valorem assessments for the Tradition Community Development District Nos. 1 through 11 for the Fiscal Year beginning October 1, 2023, and ending September 30, 2024; by its Resolution No. 2023-17; Resolution of the Tradition Community Development District No. 1 Levying Non-Ad Valorem Assessments for the Tradition Community Development District Nos. 1 through 11 for the Fiscal Year Beginning October 1, 2023, and Ending September 30, 2024; and

WHEREAS, although the District Interlocal Agreement accords full authority to District No. 1 to levy and collect non-ad valorem assessments for the Districts, the Board of Supervisors of District No. 5 (“Board”) desires to express its consent to the levy and collection by the Board of Supervisors of District No. 1 of the non-ad valorem assessments for the Districts for the Fiscal Year Beginning October 1, 2023, and Ending September 30, 2024;

NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF TRADITION COMMUNITY DEVELOPMENT DISTRICT

Section 1.	Consent to Levy and Collection of Non-Ad Valorem Assessments for Fiscal Year 2024. The Board hereby consents to the levy and collection by the Board of Supervisors of District No. 1 of the non-ad valorem assessments for the Districts for the Fiscal Year beginning October 1, 2023, and ending September 30, 2024.

Section 2.  Severability. If any section, paragraph, clause, or provision of this Resolution shall be held to be invalid or ineffective for any reason, the remainder of this Resolution shall continue in full force and effect, it being expressly hereby found and declared that the remainder of this Resolution would have been adopted despite the invalidity or ineffectiveness of such section, paragraph, clause, or provision.

Section 3.  Effective Date. This Resolution shall take effect immediately upon its adoption, and all provisions of any previous resolution in conflict with the provisions of this Resolution are hereby superseded.

ADOPTED by the Board of Supervisors of Tradition Community Development District No. 5 this 6th day of September, 2023.

TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 5

Chairman / Vice Chairman

ATTEST:

Secretary/ Assistant Secretary

RESOLUTION 2023-17 (CDD6)

RESOLUTION OF THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 6 CONSENTING TO THE LEVY AND COLLECTION BY THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 1 OF THE NON-AD VALOREM ASSESSMENTS FOR THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NOS. 1-11 FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2023, AND ENDING SEPTEMBER 30, 2024.

WHEREAS, Tradition Community Development District No. 6 (“District No. 6”) is a local unit of special-purpose government organized and existing in accordance with the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes (“Act”); and

WHEREAS, District No. 6, along with Tradition Community Development District Nos. 1-5 & 7-11 (“Other Districts,” and collectively with District No. 6, the “Districts”) are parties to that certain Amended and Restated District Development Interlocal Agreement dated April 8, 2008, and recorded in Official Records Book 2983, Page 1174, of the public records of St. Lucie County, Florida (“District Interlocal Agreement”), whereby the Districts have delegated to Tradition Community Development District No. 1 (“District No. 1”) the authority to act on behalf of the Districts to Levy and collect (a) within each of the 2003 Project Districts, the 2003 Project Assessments on all assessable property within the 2003 Benefit Area, (b) within each of the 2003 Project Districts, the 2003 Project Maintenance Assessments on all assessable property within the 2003 Benefit Area, and (c) within each of the New CIP Districts, non-ad valorem maintenance assessments on all assessable property within the New CIP Area; and

WHEREAS, the Board of Supervisors of District No. 1, in accordance with the District Interlocal Agreement, has levied non-ad valorem assessments for the Tradition Community Development District Nos. 1 through 11 for the Fiscal Year beginning October 1, 2023, and ending September 30, 2024; by its Resolution No. 2023-17; Resolution of the Tradition Community Development District No. 1 Levying Non-Ad Valorem Assessments for the Tradition Community Development District Nos. 1 through 11 for the Fiscal Year Beginning October 1, 2023, and Ending September 30, 2024; and

WHEREAS, although the District Interlocal Agreement accords full authority to District No. 1 to levy and collect non-ad valorem assessments for the Districts, the Board of Supervisors of District No. 6 (“Board”) desires to express its consent to the levy and collection by the Board of Supervisors of District No. 1 of the non-ad valorem assessments for the Districts for the Fiscal Year Beginning October 1, 2023, and Ending September 30, 2024;

NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF TRADITION COMMUNITY DEVELOPMENT DISTRICT

Section 1.	Consent to Levy and Collection of Non-Ad Valorem Assessments for Fiscal Year 2024. The Board hereby consents to the levy and collection by the Board of Supervisors of District No. 1 of the non-ad valorem assessments for the Districts for the Fiscal Year beginning October 1, 2023, and ending September 30, 2024.

Section 2.  Severability. If any section, paragraph, clause, or provision of this Resolution shall be held to be invalid or ineffective for any reason, the remainder of this Resolution shall continue in full force and effect, it being expressly hereby found and declared that the remainder of this Resolution would have been adopted despite the invalidity or ineffectiveness of such section, paragraph, clause, or provision.

Section 3.  Effective Date. This Resolution shall take effect immediately upon its adoption, and all provisions of any previous resolution in conflict with the provisions of this Resolution are hereby superseded.

ADOPTED by the Board of Supervisors of Tradition Community Development District No. 6 this 6th day of September, 2023.

TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 6

Chairman / Vice Chairman

ATTEST:

Secretary/ Assistant Secretary

RESOLUTION 2023-17 (CDD7)

RESOLUTION OF THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 7 CONSENTING TO THE LEVY AND COLLECTION BY THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 1 OF THE NON-AD VALOREM ASSESSMENTS FOR THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NOS. 1-11 FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2023, AND ENDING SEPTEMBER 30, 2024.

WHEREAS, Tradition Community Development District No. 7 (“District No. 7”) is a local unit of special-purpose government organized and existing in accordance with the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes (“Act”); and

WHEREAS, District No. 7, along with Tradition Community Development District Nos. 1-6 & 8-11 (“Other Districts,” and collectively with District No. 7, the “Districts”) are parties to that certain Amended and Restated District Development Interlocal Agreement dated April 8, 2008, and recorded in Official Records Book 2983, Page 1174, of the public records of St. Lucie County, Florida (“District Interlocal Agreement”), whereby the Districts have delegated to Tradition Community Development District No. 1 (“District No. 1”) the authority to act on behalf of the Districts to Levy and collect (a) within each of the 2003 Project Districts, the 2003 Project Assessments on all assessable property within the 2003 Benefit Area, (b) within each of the 2003 Project Districts, the 2003 Project Maintenance Assessments on all assessable property within the 2003 Benefit Area, and (c) within each of the New CIP Districts, non-ad valorem maintenance assessments on all assessable property within the New CIP Area; and

WHEREAS, the Board of Supervisors of District No. 1, in accordance with the District Interlocal Agreement, has levied non-ad valorem assessments for the Tradition Community Development District Nos. 1 through 11 for the Fiscal Year beginning October 1, 2023, and ending September 30, 2024; by its Resolution No. 2023-17; Resolution of the Tradition Community Development District No. 1 Levying Non-Ad Valorem Assessments for the Tradition Community Development District Nos. 1 through 11 for the Fiscal Year Beginning October 1, 2023, and Ending September 30, 2024; and

WHEREAS, although the District Interlocal Agreement accords full authority to District No. 1 to levy and collect non-ad valorem assessments for the Districts, the Board of Supervisors of District No. 7 (“Board”) desires to express its consent to the levy and collection by the Board of Supervisors of District No. 1 of the non-ad valorem assessments for the Districts for the Fiscal Year Beginning October 1, 2023, and Ending September 30, 2024;

NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF TRADITION COMMUNITY DEVELOPMENT DISTRICT

Section 1.	Consent to Levy and Collection of Non-Ad Valorem Assessments for Fiscal Year 2024. The Board hereby consents to the levy and collection by the Board of Supervisors of District No. 1 of the non-ad valorem assessments for the Districts for the Fiscal Year beginning October 1, 2023, and ending September 30, 2024.

Section 2.  Severability. If any section, paragraph, clause, or provision of this Resolution shall be held to be invalid or ineffective for any reason, the remainder of this Resolution shall continue in full force and effect, it being expressly hereby found and declared that the remainder of this Resolution would have been adopted despite the invalidity or ineffectiveness of such section, paragraph, clause, or provision.

Section 3.  Effective Date. This Resolution shall take effect immediately upon its adoption, and all provisions of any previous resolution in conflict with the provisions of this Resolution are hereby superseded.

ADOPTED by the Board of Supervisors of Tradition Community Development District No. 7 this 6th day of September, 2023.

TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 7

Chairman / Vice Chairman

ATTEST:

Secretary/ Assistant Secretary

RESOLUTION 2023-17 (CDD8)

RESOLUTION OF THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 8 CONSENTING TO THE LEVY AND COLLECTION BY THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 1 OF THE NON-AD VALOREM ASSESSMENTS FOR THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NOS. 1-11 FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2023, AND ENDING SEPTEMBER 30, 2024.

WHEREAS, Tradition Community Development District No. 8 (“District No. 8”) is a local unit of special-purpose government organized and existing in accordance with the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes (“Act”); and

WHEREAS, District No. 8, along with Tradition Community Development District Nos. 1-7 & 9-11 (“Other Districts,” and collectively with District No. 8, the “Districts”) are parties to that certain Amended and Restated District Development Interlocal Agreement dated April 8, 2008, and recorded in Official Records Book 2983, Page 1174, of the public records of St. Lucie County, Florida (“District Interlocal Agreement”), whereby the Districts have delegated to Tradition Community Development District No. 1 (“District No. 1”) the authority to act on behalf of the Districts to Levy and collect (a) within each of the 2003 Project Districts, the 2003 Project Assessments on all assessable property within the 2003 Benefit Area, (b) within each of the 2003 Project Districts, the 2003 Project Maintenance Assessments on all assessable property within the 2003 Benefit Area, and (c) within each of the New CIP Districts, non-ad valorem maintenance assessments on all assessable property within the New CIP Area; and

WHEREAS, the Board of Supervisors of District No. 1, in accordance with the District Interlocal Agreement, has levied non-ad valorem assessments for the Tradition Community Development District Nos. 1 through 11 for the Fiscal Year beginning October 1, 2023, and ending September 30, 2024; by its Resolution No. 2023-17; Resolution of the Tradition Community Development District No. 1 Levying Non-Ad Valorem Assessments for the Tradition Community Development District Nos. 1 through 11 for the Fiscal Year Beginning October 1, 2023, and Ending September 30, 2024; and

WHEREAS, although the District Interlocal Agreement accords full authority to District No. 1 to levy and collect non-ad valorem assessments for the Districts, the Board of Supervisors of District No. 8 (“Board”) desires to express its consent to the levy and collection by the Board of Supervisors of District No. 1 of the non-ad valorem assessments for the Districts for the Fiscal Year Beginning October 1, 2023, and Ending September 30, 2024;

NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF TRADITION COMMUNITY DEVELOPMENT DISTRICT

Section 1.	Consent to Levy and Collection of Non-Ad Valorem Assessments for Fiscal Year 2024. The Board hereby consents to the levy and collection by the Board of Supervisors of District No. 1 of the non-ad valorem assessments for the Districts for the Fiscal Year beginning October 1, 2023, and ending September 30, 2024.

Section 2.  Severability. If any section, paragraph, clause, or provision of this Resolution shall be held to be invalid or ineffective for any reason, the remainder of this Resolution shall continue in full force and effect, it being expressly hereby found and declared that the remainder of this Resolution would have been adopted despite the invalidity or ineffectiveness of such section, paragraph, clause, or provision.

Section 3.  Effective Date. This Resolution shall take effect immediately upon its adoption, and all provisions of any previous resolution in conflict with the provisions of this Resolution are hereby superseded.

ADOPTED by the Board of Supervisors of Tradition Community Development District No. 8 this 6th day of September, 2023.

TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 8

Chairman / Vice Chairman

ATTEST:

Secretary/ Assistant Secretary

RESOLUTION 2023-17 (CDD9)

RESOLUTION OF THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 9 CONSENTING TO THE LEVY AND COLLECTION BY THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 1 OF THE NON-AD VALOREM ASSESSMENTS FOR THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NOS. 1-11 FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2023, AND ENDING SEPTEMBER 30, 2024.

WHEREAS, Tradition Community Development District No. 9 (“District No. 9”) is a local unit of special-purpose government organized and existing in accordance with the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes (“Act”); and

WHEREAS, District No. 9, along with Tradition Community Development District Nos. 1-8 & 11 (“Other Districts,” and collectively with District No. 9, the “Districts”) are parties to that certain Amended and Restated District Development Interlocal Agreement dated April 8, 2008, and recorded in Official Records Book 2983, Page 1174, of the public records of St. Lucie County, Florida (“District Interlocal Agreement”), whereby the Districts have delegated to Tradition Community Development District No. 1 (“District No. 1”) the authority to act on behalf of the Districts to Levy and collect (a) within each of the 2003 Project Districts, the 2003 Project Assessments on all assessable property within the 2003 Benefit Area, (b) within each of the 2003 Project Districts, the 2003 Project Maintenance Assessments on all assessable property within the 2003 Benefit Area, and (c) within each of the New CIP Districts, non-ad valorem maintenance assessments on all assessable property within the New CIP Area; and

WHEREAS, the Board of Supervisors of District No. 1, in accordance with the District Interlocal Agreement, has levied non-ad valorem assessments for the Tradition Community Development District Nos. 1 through 11 for the Fiscal Year beginning October 1, 2023, and ending September 30, 2024; by its Resolution No. 2023-17; Resolution of the Tradition Community Development District No. 1 Levying Non-Ad Valorem Assessments for the Tradition Community Development District Nos. 1 through 11 for the Fiscal Year Beginning October 1, 2023, and Ending September 30, 2024; and

WHEREAS, although the District Interlocal Agreement accords full authority to District No. 1 to levy and collect non-ad valorem assessments for the Districts, the Board of Supervisors of District No. 9 (“Board”) desires to express its consent to the levy and collection by the Board of Supervisors of District No. 1 of the non-ad valorem assessments for the Districts for the Fiscal Year Beginning October 1, 2023, and Ending September 30, 2024;

NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF TRADITION COMMUNITY DEVELOPMENT DISTRICT

Section 1.	Consent to Levy and Collection of Non-Ad Valorem Assessments for Fiscal Year 2024. The Board hereby consents to the levy and collection by the Board of Supervisors of District No. 1 of the non-ad valorem assessments for the Districts for the Fiscal Year beginning October 1, 2023, and ending September 30, 2024.

Section 2.  Severability. If any section, paragraph, clause, or provision of this Resolution shall be held to be invalid or ineffective for any reason, the remainder of this Resolution shall continue in full force and effect, it being expressly hereby found and declared that the remainder of this Resolution would have been adopted despite the invalidity or ineffectiveness of such section, paragraph, clause, or provision.

Section 3.  Effective Date. This Resolution shall take effect immediately upon its adoption, and all provisions of any previous resolution in conflict with the provisions of this Resolution are hereby superseded.

ADOPTED by the Board of Supervisors of Tradition Community Development District No. 9 this 6th day of September, 2023.

TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 9

Chairman / Vice Chairman

ATTEST:

Secretary/ Assistant Secretary

RESOLUTION 2023-17 (CDD10)

RESOLUTION OF THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 10 CONSENTING TO THE LEVY AND COLLECTION BY THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 1 OF THE NON-AD VALOREM ASSESSMENTS FOR THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NOS. 1-11 FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2023, AND ENDING SEPTEMBER 30, 2024.

WHEREAS, Tradition Community Development District No. 10 (“District No. 10”) is a local unit of special-purpose government organized and existing in accordance with the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes (“Act”); and

WHEREAS, District No. 10, along with Tradition Community Development District Nos. 1-11 (“Other Districts,” and collectively with District No. 10, the “Districts”) are parties to that certain Amended and Restated District Development Interlocal Agreement dated April 8, 2008, and recorded in Official Records Book 2983, Page 1074, of the public records of St. Lucie County, Florida (“District Interlocal Agreement”), whereby the Districts have delegated to Tradition Community Development District No. 1 (“District No. 1”) the authority to act on behalf of the Districts to Levy and collect (a) within each of the 2003 Project Districts, the 2003 Project Assessments on all assessable property within the 2003 Benefit Area, (b) within each of the 2003 Project Districts, the 2003 Project Maintenance Assessments on all assessable property within the 2003 Benefit Area, and (c) within each of the New CIP Districts, non-ad valorem maintenance assessments on all assessable property within the New CIP Area; and

WHEREAS, the Board of Supervisors of District No. 1, in accordance with the District Interlocal Agreement, has levied non-ad valorem assessments for the Tradition Community Development District Nos. 1 through 11 for the Fiscal Year beginning October 1, 2023, and ending September 30, 2024; by its Resolution No. 2023-17; Resolution of the Tradition Community Development District No. 1 Levying Non-Ad Valorem Assessments for the Tradition Community Development District Nos. 1 through 10 for the Fiscal Year Beginning October 1, 2023, and Ending September 30, 2024; and

WHEREAS, although the District Interlocal Agreement accords full authority to District No. 1 to levy and collect non-ad valorem assessments for the Districts, the Board of Supervisors of District No. 10 (“Board”) desires to express its consent to the levy and collection by the Board of Supervisors of District No. 1 of the non-ad valorem assessments for the Districts for the Fiscal Year Beginning October 1, 2023, and Ending September 30, 2024;

NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF TRADITION COMMUNITY DEVELOPMENT DISTRICT

Section 1.	Consent to Levy and Collection of Non-Ad Valorem Assessments for Fiscal Year 2024. The Board hereby consents to the levy and collection by the Board of Supervisors of District No. 1 of the non-ad valorem assessments for the Districts for the Fiscal Year beginning October 1, 2023, and ending September 30, 2024.

Section 2.  Severability. If any section, paragraph, clause, or provision of this Resolution shall be held to be invalid or ineffective for any reason, the remainder of this Resolution shall continue in full force and effect, it being expressly hereby found and declared that the remainder of this Resolution would have been adopted despite the invalidity or ineffectiveness of such section, paragraph, clause, or provision.

Section 3.  Effective Date. This Resolution shall take effect immediately upon its adoption, and all provisions of any previous resolution in conflict with the provisions of this Resolution are hereby superseded.

ADOPTED by the Board of Supervisors of Tradition Community Development District No. 10 this 6th day of September, 2023.

TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 10

Chairman / Vice Chairman

ATTEST:

Secretary/ Assistant Secretary

RESOLUTION 2023-17 (CDD11)

RESOLUTION OF THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 11 CONSENTING TO THE LEVY AND COLLECTION BY THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 1 OF THE NON-AD VALOREM ASSESSMENTS FOR THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NOS. 1-11 FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2023, AND ENDING SEPTEMBER 30, 2024.

WHEREAS, Tradition Community Development District No. 11 (“District No. 11”) is a local unit of special-purpose government organized and existing in accordance with the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes (“Act”); and

WHEREAS, District No. 11, along with Tradition Community Development District Nos. 1-9 (“Other Districts,” and collectively with District No. 11, the “Districts”) are parties to that certain Amended and Restated District Development Interlocal Agreement dated April 8, 2008, and recorded in Official Records Book 2983, Page 1174, of the public records of St. Lucie County, Florida (“District Interlocal Agreement”), whereby the Districts have delegated to Tradition Community Development District No. 1 (“District No. 1”) the authority to act on behalf of the Districts to Levy and collect (a) within each of the 2003 Project Districts, the 2003 Project Assessments on all assessable property within the 2003 Benefit Area, (b) within each of the 2003 Project Districts, the 2003 Project Maintenance Assessments on all assessable property within the 2003 Benefit Area, and (c) within each of the New CIP Districts, non-ad valorem maintenance assessments on all assessable property within the New CIP Area; and

WHEREAS, the Board of Supervisors of District No. 1, in accordance with the District Interlocal Agreement, has levied non-ad valorem assessments for the Tradition Community Development District Nos. 1 through 11 for the Fiscal Year beginning October 1, 2023, and ending September 30, 2024; by its Resolution No. 2023-17; Resolution of the Tradition Community Development District No. 1 Levying Non-Ad Valorem Assessments for the Tradition Community Development District Nos. 1 through 11 for the Fiscal Year Beginning October 1, 2023, and Ending September 30, 2024; and

WHEREAS, although the District Interlocal Agreement accords full authority to District No. 1 to levy and collect non-ad valorem assessments for the Districts, the Board of Supervisors of District No. 11 (“Board”) desires to express its consent to the levy and collection by the Board of Supervisors of District No. 1 of the non-ad valorem assessments for the Districts for the Fiscal Year Beginning October 1, 2023, and Ending September 30, 2024;

NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF TRADITION COMMUNITY DEVELOPMENT DISTRICT

Section 1.	Consent to Levy and Collection of Non-Ad Valorem Assessments for Fiscal Year 2024. The Board hereby consents to the levy and collection by the Board of Supervisors of District No. 1 of the non-ad valorem assessments for the Districts for the Fiscal Year beginning October 1, 2023, and ending September 30, 2024.

Section 2.  Severability. If any section, paragraph, clause, or provision of this Resolution shall be held to be invalid or ineffective for any reason, the remainder of this Resolution shall continue in full force and effect, it being expressly hereby found and declared that the remainder of this Resolution would have been adopted despite the invalidity or ineffectiveness of such section, paragraph, clause, or provision.

Section 3.  Effective Date. This Resolution shall take effect immediately upon its adoption, and all provisions of any previous resolution in conflict with the provisions of this Resolution are hereby superseded.

ADOPTED by the Board of Supervisors of Tradition Community Development District No. 11 this 6th day of September, 2023.

TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 11

Chairman / Vice Chairman

ATTEST:

Secretary/ Assistant Secretary

TRADITION COMMUNITY DEVELOPMENT DISTRICT NO.’S 1-11
Keiser University – Port St. Lucie Campus 9400 SW Discovery Way
Port St. Lucie, FL 34987
Join Zoom Meeting: https://us02web.zoom.us/j/3341025012
Meeting ID: 334 102 5012 OR
Dial In at: 1 929 436 2866 REGULAR BOARD MEETING MINUTES
July 5, 2023
11:00 a.m.

CALL TO ORDER

The Regular Board Meeting of the Tradition Community Development District No.’s 1-11 of July 5, 2023, was called to order at 11:00 a.m. in the Keiser University – Port St. Lucie Campus located at 9400 SW Discovery Way, Port St. Lucie, Florida 34987.

PROOF OF PUBLICATION

Proof of publication was presented that showed notice of the Regular Board Meeting had been published in the St. Lucie News Tribune on May 26, 2023, as legally required.

ESTABLISH A QUORUM

It was determined that the attendance of the following Supervisors constituted a quorum and it was in order to proceed with the meeting:

CDD #’s 1,2,7,8,9,10,&11			
Chairman	Frank Covelli	Present	
Vice Chairman/Supervisor	Tyler Gaffney	Present	
Supervisor	Steven Dassa	Absent	
Supervisor	Tara Toto	Absent	
Supervisor	Ricardo Mojica	Present	

CDD # 3			
Chairman	Isiah Steinberg	Present	
Vice Chairman	Rick Dufour	Present	
Supervisor	Kimberly Gorman	Present	
Supervisor	Vacant	-	
Supervisor	Roy Perconte	Present	

CDD # 4			
Chairman	Gail Cost	Absent	
Vice Chairman	Rich Giglia	Present	
Supervisor	Rob Siedlecki	Via Zoom	
Supervisor	Joseph Sargent	Absent	
Supervisor	Drew Wesley	Via Zoom	

CDD # 5			
Supervisor	Cathy Powers	Absent	
Chairperson	Chris King	Present	
Supervisor	Dave Lasher	Present	
Supervisor	Rick Dixon	Present	
Vice Chairman	Joe Pinto	Present	

CDD # 6			
Chairman	Jerry Krbec	Present	
Vice Chairman	Luis Pagan	Present	
Supervisor	Ralph Ritter	Present	
Supervisor	John Slicher	Via Zoom	
Supervisor	George Russell	Present	

Staff members in attendance were:

District Manager	B. Frank Sakuma, Jr.	Special District Services, Inc.	
Assistant District Manager	Jessica Wargo	Special District Services, Inc.	

Present via Zoom were: District Manager - Andrew Karmeris with Special District Services, Inc and District Engineer - Kelly Cranford with Culpepper and Terpening.

Also present were: Antonio Balestrieri with Mattamy Homes. (See attached sign-in sheet)

ADDITIONS OR DELETIONS TO THE AGENDA

Staff added (2) items under “New Business.”

(H-3/ New Business): Obtain a Proposal from Solitude Lake Management
for Below Control (High Water Mark) for Year-Round Maintenance of the Lakes.

(H-4/ New Business): WA #19-143-157: Seville Clubhouse

A Motion was made by CDD No. 1 Mr. Covelli, seconded by Mr. Gaffney and passed unanimously by CDD No. 1 to Approve the agenda as Amended.

COMMENTS FROM THE PUBLIC

There were no comments from the public.

CONSENT ITEMS

Approval of June 7th, 2023, Regular Board Meeting Minutes
Approve Treasurer Coast Wildlife Trappers Quote #023-024

A Motion was made by CDD No. 1 Mr. Covelli, seconded by Mr. Mojica and passed unanimously by CDD No. 1 to Approve all item(s) under Consent.

OLD BUSINESS

There were no matters of old business to come before the Board.

NEW BUSINESS

	Notice of Vacancy for Ryan Bartlett and Consideration of Appointment – District 3 Seat 3

The vacancy of Seat No. 3 was announced to the Board. No action was taken at this time to make an appointment.

Approve and Ratify John Slicher to Vacant Board Seat – District 6 / Seat 5

A Motion was made by CDD No. 6 Mr. Krbec, seconded by Mr. Russell and passed unanimously by CDD No. 6 to Approve and Ratify the appointment of John Slicher to the Vacant Board Seat No. 5, as of November 22, 2022.

	Obtain a Proposal from Solitude Lake Management for Below Control (High Water Mark) for Year-Round Maintenance of the Lakes.

Ms. King, Vice-Chair of the Lake Banks Committee, provided an update and a review of the Solitude Lake Managements contract. She feels they are not fulfilling their obligations due to the current conditions of the lakes. She also announced a new web portal from Solitude Lake Management for easier access to the lake and wetlands reports.

Mr. Pinto commented on the hydrilla in the lakes and that it’s only treated 1/3 at a time. He wants to know when the rest will be completed and to start being notified when Solitude is on the property.

Mr. Krbec mentioned the lake & wetland reports were 3 months behind.

Mr. Lasher is displeased with the lack of trash picked up from the lake areas. Ms. King discussed the possibility of a harvester removing all the hydrilla.
Ms. Milmore noted that in 2018, Solitude Lake Management bought the Lake and Wetland Company.

A Motion was made by CDD No. 1 Mr. Covelli, seconded by Mr. Gaffney and passed unanimously by CDD No. 1 to request a proposal from Solitude Lake Management for managing weeds Below Control (High Water Mark) and above the water level, for Year-Round Maintenance of the Lakes.

WA #19-143-157: Seville Clubhouse

A Motion was made by CDD No. 1 Mr. Covelli, seconded by Mr. Gaffney and passed unanimously by CDD No. 1 to Approve WA #19-143-157.

ADMINISTRATIVE MATTERS

Manager’s Report

Mr. Sakuma reminded the Supervisors to please file their Form 1 with the Supervisor of Elections office.

Attorney’s Report

Ms. Garrett offered no report.

Engineer’s Report

Ms. Cranford had nothing further to report.

Financial Report

Mr. Karmeris is available to answer any questions.

Mr. Sakuma was given direction by the Lake Banks Committee to work with the Attorney regarding any delinquent accounts.

Founder’s Report

The Founder offered no report.

BOARD MEMBER COMMENTS

There were no further comments from the Board at this time.

ADJOURNMENT

There being no further business to come before the Boards, CDD No. 1 Mr. Covelli adjourned the meeting at 11:45 a.m.

Secretary/Assistant Secretary	Chair/Vice-Chair

Printed Name	Printed Name

Tradition Community Development District BOARD AGENDA ITEM
Board Meeting Date September 6, 2023

Subject:	TR - Fifth Third Bank - Tradition
Work Authorization No. WA 19-143-108.1
C&T Project No. 19-143.TR2.019.0723.W

Background:

On July 7, 2023, the CDD Engineer received an application for a Work Authorization for connecting to the Tradition surface water management system. The project will utilize exfiltration trench for water quality treatment and stormwater conveyance which was previously authorized, constructed, and certified under WA 2-9-0713-S.

Recommended Action:
Ratify the CDD Engineer’s approval of the proposed project connecting to the Tradition Master Stormwater System.

Location:	Tradition Community Development District CDD.02 Within Tradition Irrigation Service Area? Yes
Fiscal Information:		This project does not include infrastructure dedicated to the CDD. It is not expected to impact the CDD Stormwater System operational budget.

Grant Related? No Additional Comments: None

Board Action:
Moved by:	Seconded by:	Action Taken:

Item Prepared by: Kelly E Cranford, PE	August 8, 2023

69

70

Tradition Community Development District BOARD AGENDA ITEM
Board Meeting Date: September 6, 2023

Subject:	TR- Tabernacle of Praise Traditions Work Authorization No. WA 19-143-158 C&T Project No. 19-143.TR3.045.0723.W

Background:

On July 3, 2023, the CDD Engineer received an application to construct a 20,000 sf church / daycare facility. Water quality treatment and flood protection for the trail will be provided by the Tradition master surface water management system.

Recommended Action:
Approve proposed project connecting to the Tradition Master Stormwater System under the following conditions:
Responding to the outstanding Request for Additional Information to the CDD Engineer’s satisfaction.

Location:	Tradition Community Development District CDD.03 Within Tradition Irrigation Service Area? Yes
Fiscal Information:		This project does not include infrastructure dedicated to the CDD. It is not expected to impact the CDD Stormwater System operational budget.

Grant Related? No Additional Comments: None

Board Action:
Moved by:	Seconded by:	Action Taken:

Item Prepared by: Kelly E Cranford, PE	August 10, 2023

71

72

Tradition Community Development District BOARD AGENDA ITEM
Board Meeting Date: September 6, 2023

Subject:	TR- Tabernacle of Praise Traditions - Irrigation Work Authorization No. WA 19-143-159
C&T Project No. 19-143.TR3.045.0723.I

Background:

On July 3, 2023, the CDD Engineer received a Work Authorization application for connection to the Tradition Irrigation System as a Tier 1 user. The connection from the irrigation main up to the meter will be maintained by the CDD.

Recommended Action:
Approve proposed project connecting to the Tradition Master Irrigation System under the following conditions:
Responding to the outstanding Request for Additional Information to the CDD Engineer’s satisfaction.

Location:	Tradition Community Development District CDD.03 Within Tradition Irrigation Service Area? Yes
Fiscal Information:		This project does not include infrastructure dedicated to the CDD. It is not expected to impact the CDD Stormwater System operational budget.

Grant Related? No Additional Comments: None

Board Action:
Moved by:	Seconded by:	Action Taken:

Item Prepared by: Kelly E Cranford, PE	August 10, 2023

73

74

Tradition Community Development District BOARD AGENDA ITEM
Board Meeting Date September 6, 2023

Subject:	TR - Fifth Third Bank - Tradition
Work Authorization No. WA 19-143-161
C&T Project No. 19-143.TR2.019.0723.I

Background:

On July 7, 2023, the CDD received a Work Authorization for connecting to the Tradition Irrigation system as a Tier 1 User. The connection to the irrigation main up to the meter will be operated or maintained by the CDD.

Recommended Action:
Approve proposed project connecting to the Tradition Master Stormwater System under the following conditions:
Responding to the outstanding Request for Additional Information to the CDD Engineer’s satisfaction.

Location:	Tradition Community Development District CDD.02 Within Tradition Irrigation Service Area? Yes
Fiscal Information:		This project does not include infrastructure dedicated to the CDD. It is not expected to impact the CDD Stormwater System operational budget.

Grant Related? No Additional Comments: None

Board Action:
Moved by:	Seconded by:	Action Taken:

Item Prepared by: Kelly E Cranford, PE	August 8, 2023

75

76

TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 1

July 6, 2023

City of Port St. Lucie
121 S.W. Port St. Lucie Blvd Port St. Lucie, FL 34984

Subject:	Petition to Abandon/Vacate Private Utility Easement
Tradition Town Center – Parcel 1 of Tradition Plat No. 17 (PB 43, PG 22) CWI Job #9901

Please consider this as a LETTER OF NO OBJECTION from the Tradition Community Development District No. 1 to the abandonment of a portion of the 10’ Private Utility Easement along the east side of Parcel 1 of Tradition Plat No. 17 (PB 43, PG 22) as shown in the attached Exhibit A and sketch and legal description.
Please note the Tradition Community Development District No. 1 was formerly known as Westchester Community Development District No. 1, the name being changed by St Lucie County Ordinance No. 06-033, enacted August 15, 2006.
If you have any questions or if I may be of further assistance, please contact me at (772) 345-5119 or Bsakuma@sdsinc.org.

Sincerely,
Tradition Community Development District No. 1

77

B. Frank Sakuma, Jr., CDM District Manager

Exhibit A

EXIST. F.H.

EXIST. 8" WATER MAIN

EXIST. 8" WATER MAIN

EXIST. F.H. TO BE FIELD LOCATED
AND VERIFIED

EXIST. 10" WATER MAIN

EXIST. 10" WATER MAIN	EXIST. 10" WATER MAIN

EXIST. 8" S.S.

EXIST. 10" WATER MAIN

EXIST. 8" S.S.

EXIST. R.W.M.
EXIST. R.W.M.

EXIST. F.H.
TO BE FIELD LOCATED AND VERIFIED

EXIST. 8" FORCE MAIN

EX. 18" DRN.

4'-2"

EXIST W.M.

EXIST. 8" FORCE MAIN

EX. 18" DRN.

EXIST. R.W.M.

EXIST. 8" WATER MAIN

EX. DRN.

EXIST. 8" W.M.

EXIST. 6" W.M.

EX. 30" DRN.

EXIST. F.H.

EXIST. 8" S.S.

EXIST.
6" FIRELINE

EXIST. 4" WAT. SERVICE

EXIST.10" FORCE MAIN

EX. 18" DRN.

13'-6"

EXIST. 8" S.S.

EXIST. 6" FIRELINE

EX. 36" DRN.

EXIST. 8" WATER MAIN

TRADITION TOWN CENTER
MOBILITY HUB
PROPOSED CIVIL PLANS DEMOLITION PLAN
TRADITION, PORT ST. LUCIE, FLORIDA

EXIST. R.W.M.

EXIST. F.H.

EXIST. 10" WATER MAIN

EXIST. F.H.

EXIST. 10" WATER MAIN

EXIST. WATER MAIN

EXIST. R.W.M.

EXIST. F.H.

EX. DRN.

EX. DRN.
EX. DRN.

EXIST. 10" FORCE MAIN

EXIST. 10" WATER MAIN

EXIST. 10" PVC W.M.
EX. DRN.	EX 10"
PVC W.M.

Plug manhole

Remove gravity sewer stub out

The lateral for the new building would need to connected to the gravity mainline downstream from the last manhole.

Easement to be abandoned

Easement to remain

All PSLUSD utilities require a 20' easement, leave the easement along Stephanie Way intact to provide this easement.

 		

  		

EXIST. F.H.
TO BE FIELD LOCATED AND VERIFIED

SITE
TRADITION TOWN CENTER MOBILITY HUB

	

78

JOYRIDE TECHNOLOGIES INC. SAAS SERVICES ORDER FORM

Customer: Tradition Community Development District No.1	Date: August 4th, 2023	
Mailing Address:10807 SW Tradition Square, Port St.
Lucie FL 34987	Phone:772-345-5119	
Billing Address:Tradition Community Development District No. 1
c/o Special District Services, Inc. 2501A Burns Rd.
Palm Beach Gardens, FL 33410	E-Mail: bsakuma@sdsinc.org	
Contact Name: B. Frank Sakuma, Jr.	Contact Job Title: District Manager	
Agreement and Services Overview:
The services described herein consist generally of a one-time implementation of a white-labeled web application, mobile application (compatible with Android and iOS devices), backend service and hosting, ongoing support and maintenance, and relevant technical documentation.
Joyride will use commercially reasonable efforts to provide Customer the services described in the Statement of Work
(Exhibit A), and the Support Terms (Exhibit B), subject to the Terms and Conditions attached hereto.	
Language: English Only	
Initial Service Term: 36 months	
Quotation Expiry: The quotation, as outlined in the Anticipated Fee Summary is valid until and will expire on August 10, 2023. Signature and the payment of the Implementation Service Fee must be paid before the contract expiry date.	
Estimated Delivery Date: No sooner than 6 weeks following receipt of payment of Implementation Service Fee and
completion of all Customer Onboarding activities	
Implementation Services Fees (USD)
The Implementation Service Fee is a one-time, non-refundable fee of $6,000 for the general implementation of the Joyride system.	
Onboarding Services Fees (USD)
The Onboarding Service Fee is a monthly,
non-refundable fee of $250/month that will be billed to Customer for the continued support from Company’s onboarding team. This fee will only be applicable if Customer does not begin the Service term fees as outlined in point 2. in section “Customer Acknowledgements” of this Agreement. The fee will be billed to Customer for a maximum of two (2) months. After the 2 month period, regular Platform and Service Term Fees will commence as outlined in “Customer Acknowledgements” of this Agreement.	Platform and Support Services Fees (USD)
The Platform and Support Service Term Fee is a monthly, non-refundable fee for the use of Company’s platform and
additionally, each vehicle that appears in the vehicle section on Customer’s dashboard above the coverage outlined below for the aforementioned Platform fee, regardless of the operational status of the vehicle.

The fee structure is as follows:

$500/month platform fee

The platform fee will be for up to 50 vehicles. Any additional vehicle above 50 will be charged at $10/vehicle/month. Customer will be responsible for paying the platform fee even in the event that fewer appear in the vehicle section of Customer’s dashboard.	

Anticipated Fee Summary (USD)
Implementation Service Fee: $6,000 due on Agreement signing (one time)
Platform Fee (minimums): $500/month. Any additional vehicle above 50 will be charged at $10/vehicle/month.
Other fees: (Translation fee $1,400/new language - if ever applicable)
Logo/Name Changes (Post Kick Off): $95/hour. Full quote will be provided once the development effort has been evaluated.	
Billing and Payment Details
All payments must be made through credit card (Visa or MasterCard only), and subject to a 3% transaction fee. Invoices will be sent on the first three days of each month. Additional vehicles added to the vehicle section on the Customer’s dashboard in the previous month above the volume that was billed on the previous month’s invoice will be billed on the next invoice.
Any fee incurred by Joyride directly related to the delivery of the Customer’s services (outside Joyride’s service fees) will be passed through to the Customer on the next invoice. This includes SMS fees. Please refer to: https://www.twilio.com/sms/pricing for the most up to date rates.
Credit card on file will be charged upon issuance of each invoice. All fees are in USD, and payment must be made in USD.	
Payment Gateway
Customer agrees to use the already integrated payment gateway (Stripe or Stripe Atlas or iDEAL ). Should the Customer wish to use another payment processor, the payment processor company must integrate into Joyride’s platform by using Joyride’s payment gateway API.	

Customer Acknowledgements (each to be signed by Customer, indicating explicit acknowledgement and agreement to terms)

All fees are non-refundable:

Monthly Support Services Fees begin on the sooner of:

integration of 3 or more vehicles in the Customer’s dashboard

AND/OR app being released to a public App Store

AND/OR Company’s billing start date of September 15, 2023

a) If Customer has not triggered clauses (i) and/or (ii) of point 2, and Customer cannot begin paying as of the billing start date listed in point 2. (iii), Customer agrees to pay a non-refundable monthly onboarding fee of $250/month for a maximum of 2 months:

b) After the 2 month onboarding period listed in point 3.a) is complete, as determined by Company, Customer will begin to pay the Platform and Support Service Fees regardless if hardware has been received by Customer, insurance secured or any other factors preventing Customers launch:

4.	Company reserves the right to pause Services upon nonpayment (as per Section 4.2):	

SAAS SERVICES AGREEMENT
This SaaS Services Agreement (“Agreement”) is entered into on this August 4th, 2023 (the “Effective Date”) between Joyride Technologies Inc. with a place of business at Ontario, Canada (“Company”), and the Customer listed below(“Customer”). This Agreement includes and incorporates the above SaaS Services Order Form, as well as the attached Terms and Conditions (which contains, among other things, warranty disclaimers, liability limitations and use limitations), Statement of Work (Exhibit A), Support Terms (Exhibit B). There shall be no force or effect to any different terms of any related purchase order or similar form even if signed by the parties after the date hereof.

Joyride Technologies Inc.:	Tradition Community Development District No 1:

By:		By: 	 Name: Vince Cifani		Name: Frank Covelli
Title:  CEO	Title: Chairman

TERMS AND CONDITIONS
SAAS SERVICES AND SUPPORT
Subject to the terms of this Agreement, Company will use commercially reasonable efforts to provide Customer the Services. As part of the registration process, Customer will identify an administrative user name and password for Customer’s Company account. Company reserves the right to refuse registration of, or cancel passwords it deems inappropriate.
Subject to the terms hereof, Company will provide Customer with reasonable technical support services in accordance with Company’s standard practice.
RESTRICTIONS AND RESPONSIBILITIES
Customer will not, directly or indirectly: reverse engineer, decompile, disassemble or otherwise attempt to discover the source code, object code or underlying structure, ideas, know-how or algorithms relevant to the Services or any software, documentation or data related to the Services (“Software”); modify, translate, or create derivative works based on the Services or any Software (except to the extent expressly permitted by Company or authorized within the Services); use the Services or any Software for timesharing or service bureau purposes or otherwise for the benefit of a third; or remove any proprietary notices or labels.
Further, Customer may not remove or export from any country or allow the export or re-export of the Services, Software or anything related thereto, or any direct product thereof in violation of any restrictions, laws or regulations of Canada.
Customer represents, covenants, and warrants that Customer will use the Services only in compliance with Company’s standard published policies then in effect (the “Policy”) and all applicable laws and regulations. Customer hereby agrees to indemnify and hold harmless Company against any damages, losses, liabilities, settlements and expenses (including without limitation costs and attorneys’ fees) in connection with any claim or action that arises from an alleged violation of the foregoing or otherwise from Customer’s use of Services. Although Company has no obligation to monitor Customer’s use of the Services, Company may do so and may prohibit any use of the Services it believes may be (or alleged to be) in violation of the foregoing.
Customer shall be responsible for obtaining and maintaining any equipment and ancillary services needed to connect to, access or otherwise use the Services, including, without limitation, modems, hardware, servers, software, operating systems, networking, web servers and the like (collectively, “Equipment”). Customer shall also be responsible for maintaining the security of the Equipment, Customer account, passwords (including but not limited to administrative and user passwords) and files, and for all uses of Customer account or the Equipment with or without Customer’s knowledge or consent.
CONFIDENTIALITY; PROPRIETARY RIGHTS
Each party (the “Receiving Party”) understands that the other party (the “Disclosing Party”) has disclosed or may disclose business, technical or financial information relating to the Disclosing Party’s business (hereinafter referred to as “Proprietary Information” of the Disclosing Party).  Proprietary Information of Company includes non-public information

regarding features, functionality and performance of the Service. Proprietary Information of Customer includes non-public data provided by Customer to Company to enable the provision of the Services (“Customer Data”). The Receiving Party agrees:
(i) to take reasonable precautions to protect such Proprietary Information, and (ii) not to use (except in performance of the Services or as otherwise permitted herein) or divulge to any third person any such Proprietary Information. The Disclosing Party agrees that the foregoing shall not apply with respect to any information after five (5) years following the disclosure thereof or any information that the Receiving Party can document (a) is or becomes generally available to the public, or (b) was in its possession or known by it prior to receipt from the Disclosing Party, or (c) was rightfully disclosed to it without restriction by a third party, or (d) was independently developed without use of any Proprietary Information of the Disclosing Party or (e) is required to be disclosed by law.
Company shall own and retain all right, title and interest in and to (a) the Services and Software, all improvements, enhancements or modifications thereto, (b) any software, applications, inventions or other technology developed in connection with Implementation Services or support, and (c) all intellectual property rights related to any of the foregoing.
Notwithstanding anything to the contrary, Company shall have the right collect and analyze data and other information relating to the provision, use and performance of various aspects of the Services and related systems and technologies (including, without limitation, information concerning Customer Data and data derived therefrom), and Company will be free (during and after the term hereof) to (i) use such information and data to improve and enhance the Services and for other development, diagnostic and corrective purposes in connection with the Services and other Company offerings, and (ii) disclose such data solely in aggregate or other de-identified form in connection with its business.
PAYMENT OF FEES
Customer will pay Company the applicable fees described in the Order Form for the Implementation Services and Support Services in accordance with the terms therein (the “Fees”), plus all sales taxes associated with the Services. Customer must pay Company the Implementation Service Fees within thirty (30) days of signing the agreement otherwise this agreement in its entirety will be deemed null and void. If Customer does not begin paying the Service Term Fees within 12 months from the payment of the Implementation Service Fees, this agreement in its entirety will be deemed null and void, and Customer will have to pay another Implementation Service Fee and sign another service agreement. If the number of vehicles in the Customer’s dashboard exceeds the number of vehicles for which they were billed, the Customer agrees to pay for the additional vehicles not represented in the previous billing period. Company reserves the right to change the Fees or applicable charges and to institute new charges and Fees at the end of the Initial Service Term or then-current renewal term, upon thirty (30) days prior notice to Customer which will be sent in writing. Email will constitute a written submission. If Customer believes that Company has billed Customer incorrectly, Customer must contact Company no later than 14 days after the closing date on the first billing statement in which the error or problem appeared, in order to receive an adjustment or credit. Inquiries should be directed to Company’s Finance department.
The Company will bill Customer by invoice, in which case, full payment for invoices will be charged to the credit card on file or Customer will be required to facilitate the wire transfer upon invoice issuance. If Customer is paying by wire transfer, Customer must provide Company with a credit card as an alternative form of payment should Customer not pay within the fourteen (14) days indicated below. In the event that Customer does not pay by wire transfer within the time period listed below the credit card on file will be charged subsequent to Company providing notice to Customer. If payment can not be processed immediately upon invoice issuance, Customer must provide alternate credit card details and payment must be received by Company fourteen (14) days after the mailing date of the invoice. Unpaid amounts are subject to a finance charge of 1.5% per month on any outstanding balance, or the maximum permitted by law, whichever is lower, plus all expenses of collection and may result in immediate termination of Service. Nonpayment will be deemed to have occurred if the invoice is not paid within the aforementioned fourteen (14) days, at which point in time Company may choose to withhold delivery of Services until payment is received in full plus additional reactivation penalty fees at the discretion of the Company, not precluding Company to exercise termination rights set forth in Section 5.

TERM AND TERMINATION
Subject to earlier termination as provided below, this Agreement is for the Initial Service Term as specified in the Order Form, and shall be automatically renewed for additional periods of the same duration as the Initial Service Term (collectively, the “Term”), unless either party requests termination at least thirty (30) days prior to the end of the then-current term. .
In addition to any other remedies it may have, either party may also terminate this Agreement upon thirty (30) days’ notice (or without notice in the case of nonpayment), if the other party materially breaches any of the terms or conditions of this Agreement.
Should the Customer wish to terminate this Agreement prior to the end of the Term, the Customer will pay in full for the Services up to and including the last month on which the Services are provided, as well as a termination penalty equivalent to 50% of the remaining Agreement value (irrespective of whether Support Services Fees have started). Company will remotely disable the Customer’s software environment and disconnect their vehicles.
All sections of this Agreement which by their nature should survive termination will survive termination, including, without limitation, accrued rights to payment, confidentiality obligations, warranty disclaimers, and limitations of liability.
WARRANTY AND DISCLAIMER
Company shall use reasonable efforts consistent with prevailing industry standards to maintain the Services in a manner which minimizes errors and interruptions in the Services and shall perform the Implementation Services in a professional and workmanlike manner. Services may be temporarily unavailable for scheduled maintenance or for unscheduled emergency maintenance, either by Company or by third-party providers, or because of other causes beyond Company’s reasonable control, but Company shall use reasonable efforts to provide advance notice in writing or by e-mail of any scheduled service disruption. However, Company does not warrant that the Services will be uninterrupted or error free; nor does it make any warranty as to the results that may be obtained from use of the Services. EXCEPT AS EXPRESSLY SET FORTH IN THIS SECTION, THE SERVICES AND IMPLEMENTATION SERVICES ARE PROVIDED “AS IS” AND COMPANY DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT.
INDEMNITY
Company shall hold Customer harmless from liability to third parties resulting from infringement by the Service of any world-wide patent or any copyright or misappropriation of any trade secret, provided Company is promptly notified of any and all threats, claims and proceedings related thereto and given reasonable assistance and the opportunity to assume sole control over defense and settlement; Company will not be responsible for any settlement it does not approve in writing. The foregoing obligations do not apply with respect to portions or components of the Service (i) not supplied by Company, (ii) made in whole or in part in accordance with Customer specifications, (iii) that are modified after delivery by Company, (iv) combined with other products, processes or materials where the alleged infringement relates to such combination, (v) where Customer continues allegedly infringing activity after being notified thereof or after being informed of modifications that would have avoided the alleged infringement, or (vi) where Customer’s use of the Service is not strictly in accordance with this Agreement. If, due to a claim of infringement, the Services are held by a court of competent jurisdiction to be or are believed by Company to be infringing, Company may, at its option and expense (a) replace or modify the Service to be non-infringing provided that such modification or replacement contains substantially similar features and functionality, (b) obtain for Customer a license to continue using the Service, or (c) if neither of the foregoing is commercially practicable, terminate this Agreement and Customer’s rights hereunder and provide Customer a refund of any prepaid, unused fees for the Service.
LIMITATION OF LIABILITY
NOTWITHSTANDING ANYTHING TO THE CONTRARY, EXCEPT FOR BODILY INJURY OF A PERSON, COMPANY AND ITS SUPPLIERS (INCLUDING BUT NOT LIMITED TO ALL EQUIPMENT AND TECHNOLOGY SUPPLIERS), OFFICERS, AFFILIATES, REPRESENTATIVES, CONTRACTORS AND EMPLOYEES SHALL NOT BE RESPONSIBLE OR LIABLE WITH RESPECT TO ANY SUBJECT MATTER OF THIS AGREEMENT OR TERMS AND CONDITIONS RELATED THERETO UNDER ANY CONTRACT, NEGLIGENCE, STRICT LIABILITY OR OTHER THEORY: (A) FOR ERROR OR INTERRUPTION OF USE OR FOR LOSS OR INACCURACY OR CORRUPTION OF DATA OR COST OF PROCUREMENT OF SUBSTITUTE GOODS, SERVICES OR TECHNOLOGY OR LOSS OF

BUSINESS; (B) FOR ANY INDIRECT, EXEMPLARY, INCIDENTAL, SPECIAL OR CONSEQUENTIAL DAMAGES;
(C) FOR ANY MATTER BEYOND COMPANY’S REASONABLE CONTROL; OR (D) FOR ANY AMOUNTS THAT, TOGETHER WITH AMOUNTS ASSOCIATED WITH ALL OTHER CLAIMS, EXCEED THE FEES PAID BY CUSTOMER TO COMPANY FOR THE SERVICES UNDER THIS AGREEMENT IN THE 12 MONTHS PRIOR TO THE ACT THAT GAVE RISE TO THE LIABILITY, IN EACH CASE, WHETHER OR NOT COMPANY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
DISPUTE RESOLUTION
If any dispute or controversy occurs between the Company and Customer relating to the interpretation or implementation of any of the provisions of this Agreement, the Customer and Company agree to a negotiation period of 90 (ninety) days before pursuing any other proceedings. All terms of service, agreements, and fees detailed within this contract will be applicable during this time.

Subject to the negotiation provisions set out above and if no resolution has been obtained, the dispute will be resolved by arbitration. Customer or Company may serve notice of its desire to refer a dispute to arbitration. The decision arrived at by the arbitrator(s) shall be final and binding and no appeal shall lie therefrom. The cost of the arbitration proceeding and any proceeding in court to confirm or to vacate any arbitration award, as applicable (including each party’s reasonable attorneys’ fees and costs), shall be borne by the unsuccessful party or, at the discretion of the arbitrator(s), may be prorated between the parties in such proportion as the arbitrator(s) determine(s) to be equitable and shall be awarded as part of the arbitrators’ award.

LANGUAGE TRANSLATION
Anything that is added on the dashboard by Customer like Plan Title, Promo description, etc, will be shown in the language it is added in. If the text is added in English, it will display in English to the user and if it is added in Spanish it will display in Spanish. The following items will not be translated in the application: (i) All emails that the user receives, like verification, ride receipt, add wallet, deduction, support email acknowledgement and support email response (whatever language is added on the dashboard will show as it is), etc. (ii) country names on the app while the user registers (iii) all the links like How to ride, TnC, Privacy policy, etc will be displayed and redirected as on the website. We only have the ability to add one link each.

MODIFICATIONS
Any modification(s) to the front facing applications and/or back end dashboard requested by Customer after Customer's submission of the kick off list, as mentioned in the section "Statement of Work" in this agreement, will be considered a custom development which will be at the expense of Customer. Fees will be quoted on a case by case basis after Company evaluates the development effort required for the modification(s). Upon acceptance of quote, development work will be scheduled based on priority and can take up to four weeks for completion. Modification(s) include but are not limited to changes to Customer's logo, changes to Customer's application colours, or change of the application name provided by Customer in the kick off list.

NEW HARDWARE/VEHICLE INTEGRATION
If the selected hardware and/or vehicle is not already integrated into Company’s Platform, Customer must first discuss their intention to purchase such hardware and/or vehicle and the number of units that will be purchased. Company will not integrate with any hardware and/or vehicle with a purchase of less than 1,000 units of the hardware and/or vehicle. Additionally, Company will evaluate the development effort, costs associated and it will be at the sole discretion of Company if they will work on the integration of Customer’s selected hardware and/or vehicle. If Company agrees to complete the integration, Customer shall also provide and ship two pieces of each hardware component to the Company at the Customer’s expense. Cost of development will be paid by Customer, an official quote will be provided by Company prior to the commencement of the integration of the hardware and/or vehicle.

MISCELLANEOUS
If any provision of this Agreement is found to be unenforceable or invalid, that provision will be limited or eliminated to the minimum extent necessary so that this Agreement will otherwise remain in full force and effect and enforceable. This Agreement is not assignable, transferable or sublicensable by Customer except with Company’s prior written consent. Company may transfer and assign any of its rights and obligations under this Agreement without consent. This Agreement is the

complete and exclusive statement of the mutual understanding of the parties and supersedes and cancels all previous written and oral agreements, communications and other understandings relating to the subject matter of this Agreement, and that all waivers and modifications must be in a writing signed by both parties, except as otherwise provided herein. No agency, partnership, joint venture, or employment is created as a result of this Agreement and Customer does not have any authority of any kind to bind Company in any respect whatsoever. In any action or proceeding to enforce rights under this Agreement, the prevailing party will be entitled to recover costs and attorneys’ fees. All notices under this Agreement will be in writing and will be deemed to have been duly given when received, if personally delivered; when receipt is electronically confirmed, if transmitted by facsimile or e-mail; the day after it is sent, if sent for next day delivery by recognized overnight delivery service; and upon receipt, if sent by certified or registered mail, return receipt requested. If the initial notice was sent electronically and receipt was not confirmed, a second notice will be sent 7 (seven) days following the initial submission. This Agreement shall be governed by the laws of the Province of Ontario, Canada without regard to its conflict of laws provisions. The parties shall work together in good faith to issue at least one mutually agreed upon press release within 90 days of the Effective Date, and Customer otherwise agrees to reasonably cooperate with Company to serve as a reference account upon request.

PRIVACY POLICY

The Company’s full privacy policy, which extends to Company’s information collection and use, use of data, analytics, legal requirements and GDPR compliance is outlined on the Privacy Policy page on Company’s website: https://joyride.city/privacy-policy-html/.

EXHIBIT A – STATEMENT OF WORK
The initiation of the Services described herein will start no sooner than twenty-four (24) hours after receipt of payment of Implementation Service Fee in full.

The table below is a non-exhaustive list of certain key activities required for the Services to be delivered as part of this Agreement, and the associated party’s responsibility to perform each activity. Any responsibility assigned to the Customer can be treated as a dependency for the Company to complete timely delivery of service, or execute service delivery to the Service Levels specified in this Agreement.

Category or Activity	Customer Responsibility	Company Responsibility	
Implementation Services	
Customer Onboarding	
Send introductory kick-off e-mail to Customer		X	
Provide Customer with a single point of contact to walk Company through Customer Onboarding process, details, and requirements		X	
Provide unique, proprietary application name	X		
Provide unique, proprietary application logo source file	X		
Provide color scheme details	X		
Provide high-resolution images of onboarding screens detailing instructions on how the system is to be used, including short descriptions	X		
Provide a short (80 characters) and full (4,000) character description of the application to be displayed in the App Store and Play Store	X		
Host Company’s Privacy Policy URL and Terms & Conditions URL on Customer’s website	X		
Build and host frequently asked questions (FAQ) on Customer’s website	X		
Host the customer support URL, and provide support email account and password for support tickets	X		
Provide a list of keywords, used to search the App Store or Play Store for the Customer’s application	X		
Create Stripe account and provide details to Company, including Stripe Keys	X		
Set up and provide Company with access to Play Store and App Store Customer accounts	X		
Purchase vehicles and provide all relevant details in a spreadsheet	X		
Purchase all hardware required for a fully operational system (e.g., IoT device, SIM cards)	X		
(If chosen vehicles have not been integrated in the Joyride platform) Send two vehicles and associated devices for integration to Company, at Customer’s cost	X		
Provide Company with Customer’s credit card information to be billed upon go-live and commencement of Support Services	X		
Monitor completion of all Customer Onboarding activities		X	
Mobile Application Development	

Provide mobile application for both iOS and Android devices, with all features outlined in the Statement of Work below		X	
Integrate Customer’s logo, onboarding images and color scheme into application		X	
Provide an SMS One Time Password registration system		X	
			
Web Dashboard Management	
Provide admin and manager user roles to Web Management Dashboard, with all features outlined in the Statement of Work below		X	
Build user information management capabilities		X	
Provide vehicle information management		X	
Launching and Go-Live	
Provide Customer with up to two, one-hour virtual training sessions		X	
Thoroughly test application prior to releasing it to the app store	X		
Compile a list of “bugs” in writing and provide to Company	X		
Add vehicles to dashboard		X	
Release mobile application to App Store and Play Store	X		
Request Company publish the application to public App Store and Play Store	X		
Support Services	
Ongoing Services and Maintenance	
Make available resources and all applicable hardware for the purposes of testing and debugging	X		
Provide all public updates to software		X	
Adding additional vehicles to the dashboard		X	
Provide occasional software version upgrades and bug fixes		X	
Test all changes to the application prior to having it uploaded to the app store	X		
Manage App Store and Google Play Store app listings	X		
Pay for all SMS One Time Password fees (see Twilio fees for rates)	X		

The only software features included* in this Agreement are:
Mobile Application:
User registration based on unique phone number.
Terms and Conditions linked to Customer website
Onboarding screens displayed upon first use of the application
Vehicle rental flow
User rental statistics
User wallet system for rental
Offers screen to view promotions and passes
Ride History screen
User Profile screen
FAQ screen – to be linked to Customer website
Support screen – User to submit support tickets with custom message field
Settings screen to update password

Statistics screen
Private Fleet screen
Private API access
Web Dashboard:
Home Screen for high level usage data
Organization panel to create and edit user access
Map displaying all vehicles, including a heat map
Vehicle screen with the ability to view, edit, and add/remove vehicles. Last known location displayed on a map
Custom parking zones, custom restricted parking areas, and custom service area
Rides screen displaying historic and live rides
Payment screen displaying historic wallet debits, credits, and deposits.
Custom billing plans, promos, and offers. For an exhaustive list, please see the current Joyride Testing Environment
Support Ticket review with reply functionality

Grow Plan Features:
Unlimited Fleets
Unlimited Staff Accounts
Unlimited Active Promos
Unlimited Active Advertisements
Parking Zones, Restricted Zones, Low Speed Zones, Service Areas
Mapping
Standard Support
SMS and Email Campaigns

Additional Add Ons:
Special Features:
Drink and Ride - $399/month
End Ride Photos - $199/month
Support Photos - $99/month
Operator App - $299/month
Push notifications - $50/month
Ride Pass - $50/month
Custom menu - $50/month
Google/Apple Pay - $50/month
Premium parking - $50/month

Data Feeds: $299/month (Data Feeds include: MDS, GBFS, DFT, Gaiyo, TOMP)
Removing Powered by Joyride in Rider App and Joyride Logo in Dashboard: $6,000/year
Feature Development: Development cost + 25% for Product Manager + 25% for User Acceptance Testing
SMS Campaigns: $0.15/message
For SMS sign-up: $50/month + SMS Fees (variable by jurisdiction)
Business Workshop: $2,500
Payment Gateway Migration: $4,000
API: $499/month (API’s include: Payment and Open Data)
Additional Rider App: $4,000
Docking Station Feeds: $199/month
Weekly 1 Hour Support Calls: $400/month (Four 1 hour calls)
Monthly 1 Hour Product Manager Calls: $200/month
Data Migration: Pricing to be provided per migration
Website Development: Pricing to be provided per project

*Note – Certain features listed are only compatible with certain hardware, and as a result may not be available depending on the Customer’s choice in vehicle or supporting hardware. It is the Customer’s responsibility to verify the applicability of critical features with the Company prior to selecting a vehicle type or other hardware provider.

Any features not listed above are out-of-scope, and not included in the Agreement. Should the Customer wish to incorporate any product features not listed above, Customer is required to submit in writing the details of the desired feature and a quote will be provided by the Company. Development work on new features will not begin until payment for development of the new features has been received by the Company. Development timelines for new features fall outside of any stated implementation and onboarding timelines.

Any additional services not listed above and below are out-of-scope, and not included in the Agreement. This includes but is not limited to consultation services that fall outside of regular support of the software. Should the Customer wish to have Company assist with out-of-scope services not listed above and below, Customer is required to submit in writing the details of the desired service and a quote will be provided by Company. Consultation services will not begin until payment for the consultation services has been received by Company. Timelines for these services fall outside of any stated implementation, onboarding and general support timelines.

Additional services or features NOT included in this Agreement include:
Translation services (all Services will be available in English only, unless otherwise stated in the Order Form)
Custom hardware integration
Additional app screens
New hardware functionality
Other third party integrations

Any work outside of this Agreement that the Customer wishes performed will be quoted on a case-by-case basis.

EXHIBIT B – SUPPORT TERMS
This policy outlines Joyride’s support practices and resources. It also identifies your support obligations to your customers.

Technical Support
Joyride support includes:
Answering questions about Joyride services and features
Advice regarding best practices for fleet management (as available)
Troubleshooting Joyride services and products
Limited support of third-party applications, services and frameworks Joyride support does not include:
Fleet operations and deployment
Specific users’ rides
Troubleshooting hardware
Performing manual system administration tasks

Support Business Hours
Joyride business hours are 9:00 am - 5:00 pm CEST, Monday to Friday, not including local statutory holidays.

Joyride will determine the severity level of each reported incident. Joyride strives to respond to and resolve incidents as quickly as possible. Expected response times are detailed in the following chart. First-response time refers to Joyride personnel receiving and acknowledging your incident and beginning mobilization and development of a resolution. In order to resolve issues, Customer resources must be made available and reasonable cooperation must be provided as required.

Severity	First-Response Time	
Description	
General guidance	1 business day	Customer has a general development question or wants to request a feature.	
System impaired	1 business day	Non-critical functions of Customer’s application are behaving abnormally. This does not extend to any hardware or network related issues.	
Production system impaired	4 hours	Important functions of Customer’s application are impaired or degraded. This does not extend to any hardware or network related issues.	
Production system down	1 hour	Customer’s business is significantly impacted. Important functions of Customer’s application are not available. This does not extend to any hardware or network related issues.	

Deprecation
We will announce if we intend to discontinue or make backwards incompatible changes to any Service. We will always try to give you as much time as possible to make any necessary modifications to your applications or processes. This policy does not apply to versions, features, and functionality that we label as “beta” or “experimental.”

Documentation
We may provide documentation for the Services and their use. Our documentation may specify restrictions on how Applications may be built or configured, or how Services must be configured. You agree to comply with any such restrictions as specified.

End User Support
You are responsible for providing customer service (if any) to End Users. We do not provide any support or services to End Users unless we have a separate agreement with you or an End User for the provision of such services.

Monitoring
Joyride’s systems are continuously monitored by automated systems and health checks. In the event of any issue that adversely affects the performance, security, reliability, or integrity of the Services, we will receive notification and respond immediately.

Joyride SaaS Agreement
Joyride SaaS Agre...Mattamy Homes.pdf 7258adaa9e46389adaaca871ed5d18442cf247c4 MM / DD / YYYY

Signed

08 / 04 / 2023
21:27:23 UTC

Sent for signature to Frank Sakuma (bsakuma@sdsinc.org) and Vince Cifani (vince@joyride.city) from payments@joyride.city IP: 24.137.217.194

08 / 04 / 2023
22:14:11 UTC

08 / 07 / 2023
14:35:16 UTC

08 / 07 / 2023
14:41:33 UTC

08 / 07 / 2023
14:42:07 UTC

08 / 07 / 2023
14:42:07 UTC

Viewed by Frank Sakuma (bsakuma@sdsinc.org) IP: 73.85.53.152

Signed by Frank Sakuma (bsakuma@sdsinc.org) IP: 76.236.208.225

Viewed by Vince Cifani (vince@joyride.city) IP: 142.126.66.63

Signed by Vince Cifani (vince@joyride.city) IP: 142.126.66.63

The document has been completed.

WHEREAS, the Tradition Community Development District 3 (the “District”), is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statues, being situated entirely within the St. lucie County, Florida; and
WHEREAS, the initial supervisors have taken and subscribed to the oath of office per F.S.
190.006(4); and
WHEREAS, the Board of Supervisors (hereinafter the “Board”) now desires to organize by designating the Officers of the District per F.S. 190.006(6).

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF TRADITION COMMUNITY DEVELOPMENT DISTRICT 3:
The following persons are elected to the offices shown, to wit: Isiah Steinberg	Chairman
Rick Dufour	Vice-Chairman
B. Frank Sakuma, Jr.	Secretary/Treasurer Assistant Secretary
Kimberly Gorman	Assistant Secretary
Rosario “Roy” Perconte	Assistant Secretary
This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED THIS 6th DAY OF SEPTEMBER, 2023.

ATTEST:	TRADITION COMMUNITY DEVELOPMENT DISTRICT 3

Secretary / Assistant Secretary	Chairman

WHEREAS, the Tradition Community Development District 11 (the “District”), is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statues, being situated entirely within the St. Lucie County, Florida; and
WHEREAS, the initial supervisors have taken and subscribed to the oath of office per F.S.
190.006(4); and
WHEREAS, the Board of Supervisors (hereinafter the “Board”) now desires to organize by designating the Officers of the District per F.S. 190.006(6).

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF TRADITION COMMUNITY DEVELOPMENT DISTRICT 11:
The following persons are elected to the offices shown, to wit: Frank Covelli 	Chairperson
Tyler Gaffney	Vice-Chairperson
B. Frank Sakuma, Jr.	Secretary/Treasurer
Tara Toto	Assistant Secretary/Treasurer
Steven Dassa	Assistant Secretary/Treasurer
Ricardo Mojica	Assistant Secretary/Treasurer
This Resolution shall become effective immediately upon its adoption.
PASSED AND ADOPTED THIS 6th DAY OF SEPTEMBER, 2023. ATTEST:	TRADITION COMMUNITY
DEVELOPMENT DISTRICT 11

Secretary / Assistant Secretary	Chairperson

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NO’S. 1-11 ADOPTING THE ANNUAL MEETING SCHEDULE FOR FISCAL YEAR 2023-2024

WHEREAS, the Tradition Community Development District No’s. 1-11 (the “Districts”), are a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statues, being situated entirely within the St. Lucie County, Florida; and
WHEREAS, the Districts are required by Florida law to prepare an annual schedule of their regular public meetings which designates the date, time and location of the District’s meetings; and
WHEREAS, the Board has proposed the Fiscal Year 2023-2024 annual meeting schedule as attached in Exhibit A;

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF TRADITION COMMUNITY DEVELOPMENT DISTRICT NO’S. 1-11:

The Fiscal Year 2023-2024 annual public meeting schedule attached hereto and incorporated by reference herein as Exhibit A in hereby approved and will be published in accordance with the requirements of Florida law.

This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED THIS 6th DAY OF SEPTEMBER, 2023.

ATTEST:	TRADITION COMMUNITY DEVELOPMENT DISTRICTS NO’S. 1, 2 &
7-11

Secretary / Assistant Secretary	Chairman

ATTEST:	TRADITION COMMUNITY DEVELOPMENT DISTRICTS NO. 3

Secretary / Assistant Secretary	Chairman

ATTEST:	TRADITION COMMUNITY DEVELOPMENT DISTRICTS NO. 4

Secretary / Assistant Secretary	Chairman

ATTEST:	TRADITION COMMUNITY DEVELOPMENT DISTRICTS NO. 5

Secretary / Assistant Secretary	Chairperson

ATTEST:	TRADITION COMMUNITY DEVELOPMENT DISTRICTS NO. 6

Secretary / Assistant Secretary	Chairman

EXHIBIT “A”

TRADITION COMMUNITY DEVELOPMENT DISTRICT NOS. 1-11 FISCAL YEAR 2023/2024
REGULAR BOARD MEETING SCHEDULE
NOTICE IS HEREBY GIVEN that the Tradition Community Development District Nos.
1-11 (“Districts”) will conduct Regular Board Meetings of the Board of Supervisors (“Board”) for the purpose of conducting the business of the Districts that may properly come before the Board. The following meetings will be held at 11:00 a.m. at Tradition Town Hall located at 10799 SW Civic Lane, Port St. Lucie, Florida 34987 on the following dates:

*October 4, 2023*
November 1, 2023
December 6, 2023
*January 3, 2024*
February 7, 2024
March 6, 2024
*April 3, 2024*
May 1, 2024
June 5, 2024
*July 3, 2024*
August 7, 2024
September 4, 2024

*Irrigation Rate Committee Meeting - 9:00am Southern Grove CDD Meeting - 10:30am Tradition CDD Meeting - 11:00am

*An Irrigation Committee Meeting will take place at 9:00 a.m. at Tradition Town Hall located at 10799 SW Civic Lane, Port St. Lucie, Florida 34987 on the above dates, as indicated.*

RESOLUTION 2023-19

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NOS. 1-11 PROVIDING FOR THE APPOINTMENT OF A RECORDS MANAGEMENT LIAISON OFFICER; PROVIDING THE DUTIES OF THE RECORDS MANAGEMENT LIAISON OFFICER; ADOPTING A RECORDS RETENTION POLICY; DETERMINING THE ELECTRONIC RECORD TO BE THE OFFICIAL RECORD; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE.

Whereas, the Tradition Community Development District Nos. 1-11 (the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

Whereas, Chapter 190, Florida Statutes, authorizes the District to adopt rules to govern the administration of the District and to adopt resolutions as may be necessary for the conduct of District business; and

Whereas, Section 257.36(5), Florida Statutes, requires the District to establish and maintain an active and continuing program for the economical and efficient management of records and to provide for the appointment of a records management liaison officer (“Records Management Liaison Officer”); and

Whereas, the District desires for the Records Management Liaison Officer to be an employee of the District or an employee of the District Manager; and

Whereas, the District desires to authorize the District’s records custodian to appoint a Records Management Liaison Officer, which may or may not be the District’s records custodian; and

Whereas, the District desires to prescribe duties of the Records Management Liaison Officer and provide for the assignment of additional duties; and

Whereas, the District’s Board of Supervisors (“Board”) finds that it is in the best interests of the District to adopt by resolution a records retention policy (the “Records Retention Policy”) for immediate use and application.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE TRADITION COMMUNITY DEVELOPMENT DISTRICT NOS. 1-11, THAT:

SECTION 1. The District hereby authorizes the District’s records custodian to appoint a Records Management Liaison Officer and report such appointment to the appropriate State of Florida agencies. A Records Management Liaison Officer shall be an employee of the District or the District Manager. The Board, and the District’s records custodian, shall each have the individual power to remove the Records Management Liaison Officer at any time for any reason. Immediately following the removal or resignation of a Records Management Liaison Officer, the District’s records custodian shall appoint a

SECTION 2.  The duties of the Records Management Liaison Officer shall include the following:

Serve as the District’s contact with the Florida Department of State, State Library and Archives of Florida;

Coordinate the District’s records inventory;

Maintain records retention and disposition forms;

Coordinate District records management training;

Develop records management procedures consistent with the Records Retention Policy, as amended as provided herein;

Participate in the development of the District’s development of electronic record keeping systems;

Submit annual compliance statements;

Work with the Florida Department of State, State Library and Archives of Florida to establish individual retention schedules for the District, from time to time and as may be necessary; and

Such other duties as may be assigned by the Board or the District’s records custodian in the future.

SECTION 3. The District hereby adopts as its Records Retention Policy the applicable provisions of Section 257.36(5), Florida Statutes, the rules adopted by the Division of Library and Information Services of the Department of State (“Division”) pursuant to Section 257.36, Florida Statutes, and the General Records Schedules established by the Division. However, the District will retain certain records longer than required by the General Records Schedules established by the Division as set forth in Exhibit A. To the extent the above statute, rules or schedules are amended or supplemented in the future, the District’s Records Retention Policy shall automatically incorporate such amendment or supplement provided that such automatic amendment shall not reduce the retention times set forth in Exhibit A. The Records Retention Policy shall remain in full force and effect until such time as the Board amends the Policy.

SECTION 4. In accordance with section 668.50, Florida Statutes, and section 119.01, Florida Statutes, the Board finds that the electronic record shall be considered the official record and any paper originals are hereby duplicates which may be disposed of unless required to be preserved by any applicable statute, rule or ordinance.

SECTION 5.  If any provision of this resolution is held to be illegal or invalid, the other provisions shall remain in full force and effect.

SECTION 6.  This Resolution shall become effective upon its passage; shall replace, supplant, and supersede any prior policy or resolution of the District regarding records retention; and shall remain in effect unless rescinded or repealed.

Passed and Adopted at a meeting of the District Board of Supervisors, this 6th day of September, 2023.

TRADITION COMMUNITY DEVELOPMENT DISTRICT NO.’S 1, 2,
7, 8, 9,10 & 11

Chairman / Vice Chairman

Print Name

ATTEST:

Secretary / Assistant Secretary Print Name
TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 3

Chairman / Vice Chairman

Print Name

ATTEST:

Secretary / Assistant Secretary Print Name

Print Name
ATTEST:

Secretary / Assistant Secretary Print Name
TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 5

Chairman / Vice Chairman

ATTEST:

Secretary / Assistant Secretary

Print Name
Print Name

ATTEST:

Secretary / Assistant Secretary

Print Name
Print Name

Exhibit A:	Amendments to General Records Schedules Established by the Division

Exhibit A

Amendments to General Records Schedules established by the Division

ADVERTISEMENTS: LEGAL (Item #25)
The District shall retain mailed and published legal advertisements, and corresponding affidavits, relating to proceedings under uniform method of collection of debt assessments permanently. The District shall retain mailed and published legal advertisements, and corresponding affidavits, relating to the levy of assessments securing bonds for five (5) fiscal years provided applicable audits have been released, or until three (3) calendar years after related bonds are redeemed, whichever is later.

AUDITS: INDEPENDENT (Item #56)
The District shall retain the record copy of independent audits for ten (10) fiscal years or until three (3) calendar years after all related bonds are redeemed, whichever is later.

DISBURSEMENT RECORDS: DETAIL (Item #340)
The District shall retain the record copy of disbursement records relating to the use of bonds for five (5) fiscal years provided applicable audits have been released or until three (3) calendar years after related bonds are redeemed, whichever is later.

DISBURSEMENT RECORDS: SUMMARY (Item #341)
The District shall retain the record copy of disbursement records relating to the use of bonds for ten (10) fiscal years provided applicable audits have been released or until three (3) calendar years after related bonds are redeemed, whichever is later.

FINANCIAL REPORTS: LOCAL GOVERNMENT ANNUAL REPORTS (Item #107)
The District shall retain the record copy of disbursement records relating to the use of bonds for ten (10) fiscal years provided applicable audits have been released or until three (3) calendar years after all related bonds are redeemed, whichever is later.

INCIDENT REPORT FILES (Item #241)
The District shall retain incident reports for five (5) anniversary years from the date of the incident.

MINUTES: OFFICIAL MEETINGS (PRELIMINARY/AUDIO RECORDINGS/VIDEO RECORDINGS
(Item #4)
The District shall retain audio recordings of board of supervisor meetings for five (5) calendar years after adoption of the official minutes.

PROJECT FILES: CAPITAL IMPROVEMENT (Item #136)
The District shall retain the record copy of project files for projects funded with bonds for ten (10) fiscal years after completion of the project provided applicable audits have been released or until three (3) calendar years after all related bonds are redeemed, whichever is later.

REAL PROPERTY RECORDS: CONDEMNATION/DEMOLITION (Item #364)
The District shall retain the record copy of project files for condemnation/demolition projects funded with bonds for five (5) anniversary years after final action or until three (3) calendar years after all related bonds are redeemed, whichever is later. The record copy of deeds and easements shall be kept permanently.

REAL PROPERTY RECORDS: PROPERTY ACQUIRED (Item #172)
The District shall retain the record copy of documents related to property acquisitions funded with bonds for three (3) fiscal years after final disposition of the property provided applicable audits have been released or until three (3) calendar years after all related bonds are redeemed, whichever is later. The record copy of deeds and easements shall be kept permanently.

TRADITION COMMUNITY DEVELOPMENT DISTRICT
Western Grove Expansion Area
Irrigation Rate Study
FINAL REPORT / AUGUST 2, 2023

August 2, 2023

Mr. B. Frank Sakuma District Manager
Tradition Community Development District 10807 S.W. Tradition Square
Port St. Lucie, FL 34987

Subject:	Western Grove Expansion Area Irrigation Rate Study

Dear Mr. Sakuma:

Raftelis has completed our Western Grove Irrigation Rate Study (Study) on behalf of the Tradition Community Development District (District). Raftelis was tasked with designing a cost-based irrigation quality water rate for the new Western Grove development. The District currently provides irrigation quality water to customers and neighborhoods divided among three (3) existing service areas, or customer tiers, which include the original service area and two (2) expansion areas. Due to the varying costs of operating and maintaining each service area’s system, unique monthly base facility charges exist. As the third expansion area, Western Grove will be served irrigation quality water through on-site storage ponds and reclaimed water delivered to those ponds by the City of Port St. Lucie (City). The Tier 4 customer rate was developed, as summarized in the following report, to recover the costs associated with purchased reclaimed water from the City, as well as the District’s costs to operate and maintain the irrigation system serving Western Grove. The existing customer tier rates were not re-evaluated as part of this Study.

Based on our analysis, the Tier 4 irrigation rate for Western Grove is recommended as follows:

Monthly Base Facility Charges by Customer Tier

Description	

Tier 1	Existing
Tier 2	

Tier 3	Proposed
Tier 4	
Monthly Charge per Month per Irrigated Acre	$198.18	$90.63	$46.75	$157.26	
Monthly Charge per Month per ERU	$22.78	$10.41	$5.37	$18.08	

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341 N. Maitland Avenue, Suite 300, Maitland, FL 32751

Mr. B. Frank Sakuma
Tradition Community Development District August 2, 2023
Page 2

We appreciate the opportunity to be of service to the District and would like to thank the District’s staff for their assistance and cooperation during the course of this study.

Sincerely,
Raftelis Financial Consultants, Inc.

Robert J. Ori
Executive Vice President

Trevor McCarthy, CGFM
Senior Consultant

Contents
General	1
Service Area Customers and Demands	1
Revenue Requirements	2
Operating Expenses	2
Allowance for Renewals and Replacements	5
Purchased Reclaimed Water	6
Revenues Guaranteed by District	7
Principal Findings	8
Conclusions and Recommendations	9

Tables
Table 1: Development of Budgeted and Projected Operating Expenses Table 2: Development of Escalation Factors
Table 3: Development of Allocation Factors
Table 4: Amortization of Western Grove Service Meters Table 5: Amortization of Reuse Stations at City Interconnects Table 6: Projected Bulk Reclaimed Water Costs
Table 7: Development of Revenue Guarantee from District Table 8: Summary of Revenue Requirements and Rate Design

WESTERN GROVE EXPANSION AREA
	IRRIGATION RATE STUDY	
General
Raftelis has completed our Western Grove Irrigation Rate Study (Study) on behalf of the Tradition Community Development District (District). Raftelis was tasked with designing a cost-based irrigation quality water rate for the new Western Grove development. The District currently provides irrigation quality water to customers and neighborhoods divided among three (3) existing service areas, or customer tiers, which include the original service area and two (2) expansion areas. Due to the varying costs of operating and maintaining each service area’s system, unique monthly base facility charges exist. As the third expansion area, Western Grove will be served irrigation quality water through on-site storage ponds and reclaimed water delivered to those ponds by the City of Port St. Lucie (City). The Tier 4 customer rate was developed, as summarized in this report, to recover the costs associated with purchased reclaimed water from the City, as well as the District’s costs to operate and maintain the irrigation system serving Western Grove. The existing customer tier rates were not re-evaluated as part of this Study.

The Study relied upon the District’s adopted Fiscal Year 2023 budget, estimates of the costs associated with reclaimed water provided by the City, development information for Western Grove, and other information provided by District staff.

In determining a user rate, two factors must be known: i.) the anticipated accounts or units to be served and ii.) the anticipated costs to serve those accounts or units. The following two sections will discuss anticipated customers and billing units for Western Grove and revenue requirements associated with the provision of irrigation water to the new service area. Additionally, in order to set establish a rate that recovers the costs of service at buildout of the new expansion area, Fiscal Year 2027 was used as the Test Year, the year at which buildout is assumed to occur and the full cost of operations is recognized for determination of the proposed monthly base facility charge.

Service Area Customers and Demands
Based on discussions with District staff, the Western Grove development is estimated to be approximately 4,000 single-family units or equivalent residential connections (ERCs) at buildout. In addition to these 4,000 ERCs, it is expected that approximately 20.2 acres of pervious area in medians and rights-of-ways will also exist that will be irrigated. Based on the District’s current factor of 8.7 ERCs per acre, Western Grove will contain approximately 4,176 irrigation ERCs or 480 irrigatable acres at buildout.

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For the purposes of this analysis, the following development absorption schedule was assumed:

Western Grove – Estimated Absorption Schedule

Description	2024	2025	2026	2027	
Number of ERCs by Year-end	120	240	360	480	
Number of Irrigatable Acres by Year-end	1,044	2,088	3,132	4,176	
Development Buildout	25%	50%	75%	100%	

Revenue Requirements
The revenue requirements are those expenditures required to be recovered through irrigation user rates. Revenue requirements typically consist of operating and maintenance expenses, annual capital funding (known as pay-as-you-go funding), debt service, and other required transfers. The revenue requirements allocable to the Tier 4 customers consist primarily of operating and maintenance expenses, which include incremental expenses specific to the new service area including the costs of reclaimed water, allowances for renewals and replacements for related infrastructure, amortized guaranteed revenues, and franchise fees paid to the City of Port St. Lucie. The following sections will discuss these major components and the assumption relied upon to determine the total revenue requirements.

Operating Expenses
The forecast of operating expenses, as shown on Table 1 at the end of this report, was based on the District’s adopted Fiscal Year 2023 budget, assumed growth and inflation rates to escalate costs based on industry trends and projections by the Congressional Budget Office (CBO), and discussion with District staff.

The District’s irrigation system operating budget of approximately $1.3 million served as the basis for the operating expense forecast. The forecast of operating expenses relied upon various escalation factors ranging from approximately 1% to 7% depending on the assumed costs being escalated. Table 2 at the end of this report provides a detailed listing of all applicable cost escalation assumptions. Budgeted operating expenses, before incremental costs, were assumed to increase approximately 3.8% annually. An allowance for $35,000 in incremental operating expenses related to insurance, permit renewals, and aquatic weed control for the new expansion area were added to the existing budgeted operating expenses based on discussions with District staff.

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Budgeted and Projected Operating Expenses

Budget and Projection	Annualized

Description

2023	Esc. Factor	2027

Rate of Change

Field Operations	$0	Labor	$0	0.0%	
Trustee Services	5,000	Labor	5,738	3.5%	
Management	366,742	Labor	420,845	3.5%	
Engineering	40,000	Services	45,901	3.5%	
Professional Services, Other	5,000	Services	5,738	3.5%	
Development Coordinator	61,100	Labor	70,114	3.5%	
City Franchise Fee	0	Franchise	0	0.0%	
Travel and per Diem	400	Inflation	441	2.4%	
Telephone	1,930	Inflation	2,126	2.4%	
Postage And Shipping	253	Inflation	279	2.4%	
Bank Fees	1,250	Marginal	1,301	1.0%	
Bad Debt	65,000	Revenues	85,498	7.1%	
Office Supplies	250	Inflation	275	2.4%	
Field Supplies (Other)	2,000	Inflation	2,203	2.4%	
Dues, Licenses, Fees	2,300	Inflation	2,534	2.4%	
Vehicle, Gasoline, and Repair	1,000	Inflation	1,102	2.4%	
Electric	105,000	Electric	123,925	4.2%	
Water	170	Water	195	3.4%	
Other Utilities	1,550	Utilities	1,844	4.4%	
General Insurance	21,102	Gen_Ins	24,215	3.5%	
General Repair and Maintenance	153,000	ENR	175,571	3.5%	
Landscaping Maintenance and Material	11,000	Inflation	12,118	2.4%	
HVAC	4,500	Inflation	4,957	2.4%	
Renewal And Replacement	200,000	ENR	229,505	3.5%	
Other System Improvements	75,000	ENR	86,064	3.5%	
Operating Reserves / Misc.	40,000	Exp_Growth	46,371	3.8%	
Contingency	26,046	Exp_Growth	30,194	3.8%	
	35,000	Inflation	38,556	2.4%	
					
Total Budgeted Operating Expenses	$1,224,593		$1,417,607	3.7%	

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The total projected operating costs in the Test Year (Fiscal Year 2027) were then allocated to the Tier 4 customers based on the allocation factors on Table 3 at the end of this report and as summarized below.

Tier 4 Allocation of Projected Operating Expenses

Description	Test Year
O&M 2027

Allocation Basis [1]

Amount Allocable to Tier 4 [2]

Field Operations	$0	ERU	$0	
Trustee Services	5,738	Tier 1	0	
Management	420,845	Revenue	154,324	
Engineering	45,901	Tier 1 / 4 Split	22,950	
Professional Services, Other	5,738	ERU	1,826	
Development Coordinator	70,114	ERU	22,310	
City Franchise Fee	0	Revenue	0	
Travel and per Diem	441	ERU	140	
Telephone	2,126	ERU	677	
Postage and Shipping	279	ERU	89	
Bank Fees	1,301	Revenue	477	
Bad Debt	85,498	Revenue	31,352	
Office Supplies	275	ERU	88	
Field Supplies (Other)	2,203	ERU	701	
Dues, Licenses, Fees	2,534	ERU	806	
Vehicle, Gas, and Repair	1,102	ERU	351	
Electric	123,925	Tiers 1 and 2 ERU	0	
Water	195	Tier 1	0	
Other Utilities	1,844	Tiers 1 and 2 ERU	0	
General Insurance	24,215	Tiers 1 and 2 ERU	0	
General Repair and Maintenance	175,571	Tier 1 / 2 Split	0	
Landscaping Maintenance and Material	12,118	Tier 1 / 2 Split	0	
HVAC	4,957	Tier 1	0	
Renewal & Replacement	229,505	Tier 1 / 2 Split	0	
Other System Improvements	86,064	Tier 1 / 2 Split	0	
Operating Reserves / Misc.	46,371	Revenue	17,004	
Contingency	30,194	Revenue	11,072	
Incremental O&M Contingency	38,556	Tier 4	38,556	
				
Total Budgeted Operating Expenses	$1,417,607		$302,722	
				
Derived from Table 3.
Derived from Table 8.				

Allowance for Renewals and Replacements
In the establishment of the new irrigation service area, several assets will be placed in service to facilitate the delivery of reclaimed water to the stormwater ponds and the distribution and metering of the irrigation water to the Western Grove expansion area. These assets are assumed to be maintained by the District and thus, an allowance for the renewal and replacement of these assets with limited service lives should be included in the charges for service. The methodology used to determine a reasonable renewal and replacement allowance was to amortize the cost of such assets and equipment based on their reasonable service lives.

It is anticipated that Western Grove will be served through 12 master meter stations maintained by the District. The meter stations may include, but are not limited to, the flow meter, monitoring equipment, backflow prevention, and other associated components and installation costs which are estimated at $10,000 each. The meter stations were assigned a 10-year service life and a discount rate, based on the 20-year average change in the Engineering News Record’s Construction Costs Index, was applied in order to account for inflation. The amortized costs included in the Tier 4 rate are summarized in Table 4 at the end of this report and shown below.

Allowance for Renewal & Replacements – Master Meters

Description	Amount	
Meter / Backflow / Monitoring Equipment and Installation per Master Meter	$10,000	
Number of Master Meters	12	
Total Costs	$120,000	
		
Service Life (Years)	10	
Discount Rate [1]	3.5%	
		
Annual Amortized Costs	$14,429	
[1] ENR 20-year average as of March 2023.		

In addition to the master meter stations, two reuse stations located between the District’s interconnect with the City of Port St. Lucie and the storage ponds are also anticipated to be constructed. The costs of the reuse stations are anticipated to be approximately $450,000 each and will have an estimated service life of 20 years. The amortized costs included in the Tier 4 rate are summarized in Table 5 at the end of this report and shown on the following page.

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Allowance for Renewal & Replacements – Meter Stations

Description	Amount	
Reuse Stations at Point of Connection with City System	$450,000	
Number of Connection Points	2	
Total Costs	$900,000	
		
Service Life (Years)	20	
Discount Rate [1]	3.5%	
		
Annual Amortized Costs	$63,325	
[1] ENR 20-year average as of March 2023.		

Purchased Reclaimed Water
The District is anticipated to enter a bulk reclaimed water purchase agreement with the City of Port St. Lucie for the provision of reclaimed water delivered to the District’s stormwater ponds. The arrangement will serve as an effluent disposal mechanism for the City and an irrigation water supply for the Western Grove expansion area. The agreement includes four (4) primary components: i.) a base charge of $3.33 per 1,000 gallons (kgal) reserved at the take-or-pay level of three (3) million gallon per day (MGD); ii.) a volumetric charge based on actual reclaimed water sold by the District of $0.19 per kgal ; iii.) a billing fee of $3.50 per month; and iv.) capital charges of $30,200 per month for 60 months. In lieu of paying the capital charges monthly, the District has decided to construct the assets in which the capital charge was anticipated to reimburse the City for construction. No capital charges are anticipated to be paid to the City and therefore have been excluded in the calculation of the recommended Tier 4 rate. Though future rate increases from the City are unknown at this time, an increase in the rates of 2.5% per year was assumed.

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Based on the proposed bulk reclaimed rates, estimates for inflationary adjustments on the proposed rates, and the development absorption schedule previously discussed, the following bulk reclaimed water costs are anticipated through Fiscal Year 2027.

Projected Bulk Reclaimed Water Costs

Description	2024		2025		2026		2027	
Assumed Rate Index Factor	N/A		2.5%		2.5%		2.5%	
								
Base Charge								
Base Facility Charge (per kgal Reserved)	$3.33		$3.41		$3.50		$3.59	
Take or Pay Amount (GPD)	3,000,000		3,000,000		3,000,000		3,000,000	
								
Projected Annual Base Facility Charge	$119,880		$122,760		$126,000		$129,240	
								
Usage Charge								
Usage Fee (per kgal Sold)	$0.19		$0.20		$0.20		$0.21	
Estimated Reclaimed Water Sold (kgal)	750,000		1,500,000		2,250,000		3,000,000	
								
Projected Usage Charge	$52,013		$106,763		$164,250		$224,475	
								
Billing Charge	42.00		43.08		44.16		45.24	

Total Projected Reclaimed Water Costs	
$171,935		
$229,566		
$290,294		
$353,760	

Revenues Guaranteed by District
Based on discussion with staff and our understanding of the proposed bulk reclaimed water purchase agreement, when the City of Port St. Lucie begins delivery of reclaimed water to the District’s storage ponds, the District will be required to pay the base facility charge based on their capacity reservation of 3 MGD. In addition to the base facility charge, a usage for each thousand gallons of irrigation water sold by the District will be charged, along with a monthly billing fee. The City is expected to begin delivery of reclaimed water to the storage pond before the Western Grove expansion area reaches buildout. Therefore, for this period of time, the District will not be able to collect sufficient irrigation revenues from customers to pay the cost of bulk reclaimed water purchased from the City. It is assumed that the District’s general fund will guarantee the payments to the City until irrigation revenues are sufficient to cover the costs. The payments made by the District’s general fund should be reimbursed from irrigation system customers. An estimate of revenues that may be required to be guaranteed by the District’s general fund has been made based on the development absorption schedule. The guaranteed revenues have been amortized over a five- (5) year term and an interest rate based on the five- (5) year treasury rate. The development of the amortized revenue guarantee included in the Tier 4 charges for service is shown on Table 7 at the end of this report and summarized below.

Guaranteed Revenue

Description	Amount	
Total Revenues Guaranteed by District	$316,284	
Amortization Period (Years)	5	
Interest Rate [1]	3.37%	
Annual Amortized Costs	$69,793	
[1] Based on the 5-year U.S Treasury rate as of May 2023.		

Principal Findings
Based on the anticipated ERUs to be served and the estimated costs of operation and maintenance, including renewals and replacements, and the cost of purchased reclaimed water, the calculation of the proposed Tier 4 base facility charge is shown below.

Revenue Requirements

Description	Allocation Amount	
Allocation of Budgeted Operating Expenses	$264,166	
Direct Operating Expenses	85,043	
Purchased Water from PSL	353,760	
Renewals and Replacements	84,187	
		
Total Operating Expenses	$787,157	
		
Amortized Revenue Guarantee	$69,793	

Gross Revenue Requirements	$856,951	
		
Less Other Revenues (Engineering Fees)	$5,533	

Net Revenue Requirements	$851,418	
Net Revenue Requirements Adjusted for City Franchise Fee (6% of Revenues)	905,764	

Total Irrigated Acres (Buildout)	480	
Calculated Monthly Charge per Acre	$157.26	
Calculated Monthly Charge per ERU (Single-family) [1]	$18.08	
[1] 8.7 ERUs per acre.		

Conclusions and Recommendations
Based on the assumptions, considerations, and analyses as summarized herein, we are of the opinion that the proposed Tier 4 monthly irrigation base facility charge for the Western Grove expansion area are anticipated to fund the revenue requirements allocable to the service area. The proposed monthly charges are shown below.

Recommended Monthly Base Facility Charges

Description	Charge	
Calculated Charge per Acre	$157.26	
Calculated Charge per ERU (Single-family)	18.08	
Calculated Charge per 0.4 ERU (Multi-family)	7.23	
Calculated Charge per 0.1 ERU (Apartment)	1.81	
1 Acre = 8.7 ERUs		

Additionally, we recommend that the District’s excess usage charges of $2.21 for usage greater than 90,000 gallons but less than 140,000 gallons and $3.31 for usage equal to or great than 140,000 gallons, which are the same among the existing service areas, also apply to the Tier 4 customers.

To the extent there are significant changes in the timing or character of the development of Western Grove, differences in the final bulk reclaimed water purchase agreement or the bulk reclaimed water costs imposed by the City of Port St. Lucie, or other material changes from the assumptions made herein, the monthly base facility charge should be revised to account for such changes to ensure that such rates are adequate to recover the revenue requirements of the system.

Finally, we recommend that the District review the cost of service for all irrigation rates within the next three
(3) to five (5) years to ensure equity among customer tiers and ensure the sufficiency of revenues.

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Tables
Table 1: Development of Budgeted and Projected Operating Expenses Table 2: Development of Escalation Factors
Table 3: Development of Allocation Factors
Table 4: Amortization of Western Grove Service Meters Table 5: Amortization of Reuse Stations at City Interconnects Table 6: Projected Bulk Reclaimed Water Costs
Table 7: Development of Revenue Guarantee from District Table 8: Summary of Revenue Requirements and Rate Design

Table 1

Tradition Community Development District
Western Grove Franchise Expansion ‐ Reclaimed Water Rate Study Development of Budgeted and Projected Operating Expenses
Line		2023	Adjusted					 Projected Fiscal Year			 No.  Description	   Budget    Adjustments 		2023	  Escalation  	2024	 	2025	 	2026	 	2027	

Budgeted Operating Expenses [1]
1	Field Operations	$0		$0		$0	Labor	$0		$0		$0		$0	
2	Trustee Services	5,000		0		5,000	Labor	5,175		5,356		5,544		5,738	
3	Management	366,742		0		366,742	Labor	379,578		392,863		406,613		420,845	
4	Engineering	40,000		0		40,000	Services	41,400		42,849		44,349		45,901	
5	Professional Services, Other	5,000		0		5,000	Services	5,175		5,356		5,544		5,738	
6	Development Coordinator	61,100		0		61,100	Labor	63,239		65,452		67,743		70,114	
7	City Franchise Fee	109,421		(109,421)		0	Franchise	0		0		0		0	
8	Travel And Per Diem	400		0		400	Inflation	414		423		432		441	
9	Telephone	1,930		0		1,930	Inflation	1,996		2,042		2,084		2,126	
10	Postage And Shipping	253		0		253	Inflation	262		268		273		279	
11	Bank Fees	1,250		0		1,250	Marginal	1,263		1,275		1,288		1,301	
12	Bad Debt	65,000		0		65,000	Revenues	69,610		74,548		79,836		85,498	
13	Office Supplies	250		0		250	Inflation	259		264		270		275	
14	Field Supplies (Other)	2,000		0		2,000	Inflation	2,068		2,116		2,160		2,203	
15	Dues, Licenses, Fees	2,300		0		2,300	Inflation	2,378		2,433		2,484		2,534	
16	Vehicle, Gas, & Repair	1,000		0		1,000	Inflation	1,034		1,058		1,080		1,102	
17	Electric	105,000		0		105,000	Electric	109,442		114,071		118,896		123,925	
18	Water	170		0		170	Water	176		182		188		195	
19	Other Utilities	1,550		0		1,550	Utilities	1,619		1,691		1,766		1,844	
20	General Insurance	21,102		0		21,102	Gen_Ins	21,841		22,605		23,396		24,215	
21	General Repair & Maintenance	153,000		0		153,000	ENR	158,355		163,897		169,634		175,571	
22	Landscaping Maintenance & Material	11,000		0		11,000	Inflation	11,374		11,636		11,880		12,118	
23	HVAC	4,500		0		4,500	Inflation	4,653		4,760		4,860		4,957	
24	Renewal And Replacement	200,000		0		200,000	ENR	207,000		214,245		221,744		229,505	
25	Other System Improvements	75,000		0		75,000	ENR	77,625		80,342		83,154		86,064	
26	Operating Reserves/Misc.	40,000		0		40,000	Exp_Growth	41,505		43,068		44,689		46,371	
27	Contingency	26,046		0		26,046	Exp_Growth	27,026		28,043		29,099		30,194	
28  Total Budgeted Operating Expenses	$1,299,014		($109,421)		$1,189,593		$1,234,464		$1,280,842		$1,329,004		$1,379,051	
Incremental Operating Expenses [2]
29	Purchased Water from PSL	
$0		
$0		
$0	
Calculated	
$171,935		
$229,566		
$290,294		
$353,760	
30	General Maintenance and Equipment Replacement Costs	42,200		0		42,200	Inflation	43,635		44,638		45,576		46,487	
31	Other O&M Costs [3]	35,000		0		35,000	Inflation	36,190		37,022		37,800		38,556	
32	Allowance for Meter Replacement	14,429		0		14,429	Constant	14,429		14,429		14,429		14,429	
33	Allowance for Reuse Stations (2) Replacements	63,325		0		63,325	Inflation	65,478		66,984		68,391		69,758	
34  Total Incremental Operating Expenses	$154,954		$0		$154,954		$331,666		$392,639		$456,489		$522,991	
35  Total Operating Expenses	$1,453,968		($109,421)		$1,344,547		$1,566,131		$1,673,481		$1,785,493		$1,902,042	

Footnotes	
Amounts based on the District's adopted Fiscal Year 2023 Operating Budget.
Incremental operating expenses associated with the Western Grove expansion area as estimated based on discussion with District staff.
Includes estimated incremental operating costs associated with insurance, permit renewals, and aquatic weed control related to the Western Grove expansion area.

Development of Escalation Factors

Line
No.  	Description	   Reference	 	2024	2025	2026	2027	

1	General Inflation	Inflation	1.0340	1.0230	1.0210	1.0200	
2	Labor	Labor	1.0350	1.0350	1.0350	1.0350	
3	General Insurance	Gen_Ins	1.0350	1.0350	1.0350	1.0350	
4	Professional / Contractual Services	Services	1.0350	1.0350	1.0350	1.0350	
5	Electricity	Electric	1.0423	1.0423	1.0423	1.0423	
6	Water Utilities	Water	1.0343	1.0343	1.0343	1.0343	
7	Marginal	Marginal	1.0100	1.0100	1.0100	1.0100	
8	Repairs and Maintenance	ENR	1.0350	1.0350	1.0350	1.0350	
9	Other Utilities	Utilities	1.0444	1.0444	1.0444	1.0444	
10	Operating Expense Growth	Exp_Growth	1.0376	1.0376	1.0376	1.0376	
11	Revenue Requirements	Revenues	1.0709	1.0709	1.0709	1.0709	
12	Franchise Fee	Franchise	1.0709	1.0709	1.0709	1.0709	
13	Constant	Constant	1.0000	1.0000	1.0000	1.0000	
14	Eliminate	Eliminate	0.0000	0.0000	0.0000	0.0000	

Development of Allocation Factors

Line
No.  	Description	   Reference	 	Tier 1	Tier 2	Tier 3	Tier 4	Total	

1	Direct Tier 1	Tier 1	100.0%	0.0%	0.0%	0.0%	100.0%	
2	Direct Tier 2	Tier 2	0.0%	100.0%	0.0%	0.0%	100.0%	
3	Direct Tier 3	Tier 3	0.0%	0.0%	100.0%	0.0%	100.0%	
4	Direct Tier 4	Tier 4	0.0%	0.0%	0.0%	100.0%	100.0%	
5	Equivalent Residential Units	ERU	61.5%	0.0%	6.7%	31.8%	100.0%	
6	Revenues Requirements	Revenue	63.1%	0.0%	0.3%	36.7%	100.0%	
7	Tier 1 and 2 ERUs	Tier 1 & 2 ERU	100.0%	0.0%	0.0%	0.0%	100.0%	
8	Tier 1 & 2 Split ‐ 2/3 / 1/3	Tier 1 / 2 Split	100.0%	0.0%	0.0%	0.0%	100.0%	
9	Tier 1 & 4 50/50	Tier 1 / 4 Split	50.0%	0.0%	0.0%	50.0%	100.0%	

Amortization of Western Grove Service Meters
Line
No.  	Description	 	Amount	

Meter/Backflow/Monitoring Equipment and Installation per
1	Master Meter [1]	$10,000

2	Number of Retail Master Meters	12

3	Total Costs	$120,000

4	Service Life	10.0
4	Discount Rate	3.50%

6	Annual Amortized Costs	$14,429

Footnotes	
[1]	Based on estimates provided by District staff.

Amortization of Reuse Stations at City Interconnects
Line
No.  	Description	 	Amount	

1	Reuse Stations at Point of Connection with City System [1]	$450,000	
2	Number of Connection Points	2	
3	Total Costs	$900,000	
4	Service Life	20.0	
4	Discount Rate	3.50%	
6	Annual Amortized Costs	$63,325	

Footnotes	
[1]	Based on estimates provided by District staff.

Projected Bulk Reclaimed Water Costs

Line		
No.  Description	 	Inputs		2023	2024	2025	2026	2027	

1	Assumed Rate Index Factor	N/A	0.0%	2.5%	2.5%	2.5%	

Base Charge [1]
2	Base Facility Charge (per kgal reserved)	

$3.33	

$3.33	

$3.33	

$3.41	

$3.50	

$3.59	
3	Take or Pay Amount (GPD)	3,000,000	0	3,000,000	3,000,000	3,000,000	3,000,000	
4	Projected Annual Base Facility Charge		$0	$119,880	$122,760	$126,000	$129,240	
Usage Charge
5	Usage Fee (per kgal sold)	
$0.19	
$0.19	
$0.19	
$0.20	
$0.20	
$0.21	
6	Estimated Reclaimed Water Sold [2]		0	750,000	1,500,000	2,250,000	3,000,000	
7	Projected Usage Charge		$0	$52,013	$106,763	$164,250	$224,475	
8	Billing Fee (per month)	$3.50	$0.00	$3.50	$3.59	$3.68	$3.77	
9	Billing Fee (Annual)		$0.00	$42.00	$43.08	$44.16	$45.24	
10  Total Projected Reclaimed Water Costs		$0	$171,935	$229,566	$290,294	$353,760	

Footn Footnotes:	
Represents the Base Facility Charge per thousand gallons of reclaimed water capacity reserved at a minimum take‐or‐pay capacity of 3.0 MGD.
Projected reclaimed water sold based on estimated Western Grove expansion area absorption schedule as summarized below:

Description	2023		2024	2025	2026	2027	
Acres		N/A	120	240	360	480	
ERUs		N/A	1,044	2,088	3,132	4,176	
Percent of Anticipated Buildout		N/A	25%	50%	75%	100%	

Development of Revenue Guaranteed by District
Line
No.  Description	 	2023	2024	2025	2026	2027	

1	Annual Base Charge per Unit at Buildout	$0.00	$249.85	$255.86	$262.61	$269.36
1	Annual Volumetric Charges per Unit at Buildout		$0.00	$108.37	$222.44	$342.21	$467.69 
2	Total Cost per Unit	$0.00	$358.22	$478.29	$604.82	$737.05	
4	Neighborhood Absorption Schedule	0	120	240	360	480	
5	Projected Revenues Based on Absorption Schedule	$0	$42,986	$114,790	$217,734	$353,760	
6	Projected Reclaimed Water Costs	$0	$171,935	$229,566	$290,294	$353,760	
7	Revenues Guaranteed by District	$0	$128,948	$114,776	$72,560	$0	
8	Total Revenues Guaranteed By District	$316,284		
9	Amortization Period (Years)	5		
9	Interest Rate	3.37%		
11	Annual Amortized Revenue Guarantee		$69,793 		

Table 8

Tradition Community Development District
Western Grove Franchise Expansion ‐ Reclaimed Water Rate Study Summary of Revenue Requirements and Rate Design
Test Year
Line	2027	Allocation	Customer Tier 4 Allocation
No.  Description	  Requirements	Basis	Percent	Amount ($) 

Operating Expenses
1	Field Operations	
$0	
ERU	
32%	
$0	
2	Trustee Services	5,738	Tier 1	0%	0	
3	Management	420,845	Revenue	37%	154,324	
4	Engineering	45,901	Tier 1 / 4 Split	50%	22,950	
5	Professional Services, Other	5,738	ERU	32%	1,826	
6	Development Coordinator	70,114	ERU	32%	22,310	
7	City Franchise Fee	0	Revenue	37%	0	
8	Travel And Per Diem	441	ERU	32%	140	
9	Telephone	2,126	ERU	32%	677	
10	Postage And Shipping	279	ERU	32%	89	
11	Bank Fees	1,301	Revenue	37%	477	
12	Bad Debt	85,498	Revenue	37%	31,352	
13	Office Supplies	275	ERU	32%	88	
14	Field Supplies (Other)	2,203	ERU	32%	701	
15	Dues, Licenses, Fees	2,534	ERU	32%	806	
16	Vehicle, Gas, & Repair	1,102	ERU	32%	351	
17	Electric	123,925	Tier 1 & 2 ERU	0%	0	
18	Water	195	Tier 1	0%	0	
19	Other Utilities	1,844	Tier 1 & 2 ERU	0%	0	
20	General Insurance	24,215	Tier 1 & 2 ERU	0%	0	
21	General Repair & Maintenance	175,571	Tier 1 / 2 Split	0%	0	
22	Landscaping Maintenance & Material	12,118	Tier 1 / 2 Split	0%	0	
23	HVAC	4,957	Tier 1	0%	0	
24	Renewal And Replacement	229,505	Tier 1 / 2 Split	0%	0	
25	Other System Improvements	86,064	Tier 1 / 2 Split	0%	0	
26	Operating Reserves/Misc.	46,371	Revenue	37%	17,004	
27	Contingency	30,194	Revenue	37%	11,072	
28	Total Operating Expenses	$1,379,051			$264,166	
Incremental Operating Expenses (Tier 4 Western Grove)
29	Purchased Water from PSL	
$353,760	
Tier 4	
100%	
$353,760	
30	General Maintenance and Equipment Replacement Costs	46,487	Tier 4	100%	46,487	
31	Other O&M Costs [3]	38,556	Tier 4	100%	38,556	
32	Allowance for Meter Replacement	14,429	Tier 4	100%	14,429	
33	Allowance for Reuse Stations (2) Replacements	69,758	Tier 4	100%	69,758	
34	Total Incremental Operating Expenses	$522,991			$522,991	
35	Total Operating Expenses	$1,902,042			$787,157	
Other System Requirements
36	Debt Service	
$367,525	
Tier 1	
0%	
$0	
37	Amortized Revenue Guarantee	69,793	Tier 4	100%	69,793	
38	Renewal and Replacements	0	Tier 1 / 2 Split	0%	0	
39	Other Irrigation System Improvements Funded From Rates	0	ERU	32%	0	
40	Transfer to Operating Reserves	0	ERU	32%	0	
41	Total Operating Required Transfers	$437,318			$69,793	
42	Gross Revenue Requirements	$2,339,361			$856,951	

Less Other Revenues
43	Engineering Revenue Fees	

$17,388	

ERU	

32%	

$5,533	
44	Other Miscellaneous Revenues	0	ERU	32%	0	
45	Interest Income	0	ERU	32%	0	
46	Total Other Revenues	$17,388		$5,533	
47	Net Revenue Requirements	$2,321,973		$851,418	

48	Net Revenue Requirements Adjusted for City Franchise Fee (6% of
Gross Revenues)	
2,470,184		
905,764	

49	Existing Total Acres Irrigated	
0	
50	Total Tier 4 Irrigated Acres	480	
51	Total Irrigated Acres (Buildout)	480	
52	Calculated Monthly Charge Per Acre	$157.26	

53	Calculated Monthly Charge Per ERU (single family)	
$18.08	
54	Calculated Monthly Charge Per 0.4 ERU (multi‐family)	$7.23	
55	Calculated Monthly Charge Per 0.1 ERU (apartment)	$1.81	

Tradition Community Development District No. 1 Irrigation System Rules and Regulations
EXHIBIT B

WATER CONSERVATION POLICY
For
Tradition Community Development District No. 1

It is the policy of the Tradition Community Development District No. 1 to conserve our water resources, not only in the drier months, but also throughout the year. Even though the water being delivered to the Customer is not of potable quality, it is important that all Customers do their part in protecting the water resources in this area. The restrictive covenants prohibit individual private wells within the development; therefore, all irrigation water users must cooperate in conserving water for current and future users of the Community.

In implementing its water conservation program, the Tradition Community Development District No. 1 has adopted the following as part of its water conservation policy:

The Customer shall ensure landscape is not being over watered. Over watering is not good for water conservation or for the lawn and shrubs. The South Florida Water Management District Chapter 40E-24, FAC “Mandatory Year-Round Landscape Irrigation Conservation Measures” provides regulations for watering and has been adopted a part of this policy.
Natural vegetation should be used in the landscape plan wherever possible. Native plants require less water. Natural areas which have been preserved should not be irrigated.
Each Customer is encouraged to utilize Florida-Friendly Landscaping principles including appropriate plant selection and an adequate supply of mulch in plantings beds to help conserve water.	https://www.sfwmd.gov/community-residents/florida-friendly- landscaping-guide
Landscape irrigation shall be prohibited daily between the hours of 10:00 a.m. and 4:00 p.m., except as otherwise provided herein. Each customer may irrigate up to three days a week on days assigned by the CDD. No irrigation is allowed on Fridays.
Exceptions to the assigned irrigation schedule are as follows:
On the day the new landscaping is installed, the new landscaping may be irrigated once without regard to the normally allowable watering days and times. Irrigation of the soil immediately prior to the installation of the new landscaping is also allowable without regard to the normal allowable watering dates and times.
The ninety (90) day period begins the day the new landscaping is installed. The new landscaping shall be installed with a dated receipt or invoice.
Irrigation of new landscaping which has been in place for thirty (30) days or less may be accomplished on Monday, Tuesday, Wednesday, Thursday, Saturday, and/or Sunday.
Irrigation of new landscaping which has been in place for thirty-one (31) to ninety (90) days may be accomplished on Monday, Wednesday, Thursday, and/or Saturday.
Landscape irrigation systems may be operated during restricted days and/or times for cleaning, maintenance, and repair purposes with an attendant on site in the area being tested. Landscape irrigation systems may routinely be operated for such purposes, no

more than once per week, and the run time for any one test should not exceed ten (10) minutes per zone.
Any plant material may be watered using low volume irrigation, micro-irrigation, low- volume hand watering methods, and rain barrels, cisterns, or other similar rain harvesting devices without regard to the watering days or times allowed pursuant to this Section.
Moisture sensor or rain gauge equipment shall be required and installed on automatic irrigation systems to avoid irrigation during periods of sufficient rainfall and/or soil moisture—one per controller. The sensors or gauge equipment shall have the ability to override the operation of the irrigation system when adequate rainfall has occurred.
Irrigation systems must be designed to automatically shut down the complete irrigation system or select zones if excessive water usage is sensed due to damaged or ruptured lines.
Irrigation systems shall be designed to minimize overspray and runoff onto paved surfaces, structures, and non-vegetated areas. Systems shall be designed to ensure turf and landscape areas are irrigated on separate zones. In addition, all spray, rotor, and drip zones shall be zoned separately. Systems shall use efficient pressure regulated, low volume rotary heads, bubblers, or other water conserving fixtures appropriate for the landscape material.

Water shortages generally occur in South Florida during the spring months, when the evapotransporation is high and rainfall is low. Water shortages can also occur, however, throughout an entire year, particularly if summer rains are below normal. The Tradition Community Development District No. 1 and its Irrigation System Customers are required to comply with any and all water restriction requirements imposed by the South Florida Water Management District and local government.

For more detailed state and local irrigation regulation please see Tradition CDD ; City of Port St. Lucie Code Chapter 65, Sections 65.06 through 65.08 and 154.03; and Utility Standards Manual; along with Florida Administrative Code of Ordinances, Rules 40E-24.201 and 40E-24.301.

REQUEST FOR QUALIFICATIONS

RFQ # 2023-05

REQUEST FOR QUALIFICATIONS FOR ENGINEERING SERVICES TO COMPLETE AN IRRIGATION SYSTEM CAPACITY AND OPERATIONAL ANALYSIS FOR TRADITION COMMUNITY DEVELOPMENT DISTRICT NO. 1

The Tradition Community Development District No. 1 (“District”), located in the City of Port St. Lucie, Florida, announces that professional engineering and consulting services will be required to perform a comprehensive capacity and operational analysis for the existing Tier 1 irrigation distribution system and irrigation plant. The Irrigation Plant has run out of water supply in the storage tank numerous times in the last two to three years. Tradition is at 95% build out and the CDD District is requesting an independent study be conducted to assess and evaluate the CDD’s District’s existing Tier 1 irrigation capacity.
Any firm or individual (“Applicant”) desiring to provide professional services to the District must: 1) hold applicable federal, state and local licenses; 2) be authorized to do business in Florida in accordance with Florida law; and 3) furnish a statement (“Qualification Statement”) of its qualifications and past experience on U.S. General Service Administration’s “Architect-Engineer Qualifications, Standard Form No. 330,” with pertinent supporting data.
Among other things, Applicants must submit information in the form of a response to this request for qualifications (“RFQ”) relating to: a) the ability and adequacy of the Applicant’s professional personnel; b) whether the Applicant is a certified minority business enterprise; c) the Applicant’s willingness to meet time and budget requirements; d) the Applicant’s past experience and performance, including but not limited to past experience conducting similar evaluations; e) the current and projected workloads of the Applicant; and f) the volume of work previously awarded to the Applicant by the District.
Further, each Applicant must identify the specific individual affiliated with the Applicant who would be assigned to the project.
The District will review all Applicants responses and will comply with Florida law, including the Consultant’s Competitive Negotiations Act, Chapter 287, Florida Statutes (“CCNA”). All applicants interested must submit eight (8) copies of Letter of Interest; Executive Summary; Standard Form No. 330 and Qualification Statement by 3:00 p.m. EST on May   , 2023 to the attention of Frank Sakuma, c/o Special District Services, 10807 SW Tradition Square, Port St. Lucie, Florida 34987 (“District Manager’s Office”).
The Board shall select and rank the Applicants using the requirements set forth in the CCNA and the evaluation criteria on file with the District Manager, and the highest ranked Applicant will be requested to enter into contract negotiations. If an agreement cannot be reached between the District and the highest ranked Applicant, negotiations will cease and begin with the next highest ranked Applicant, and if these negotiations are unsuccessful, will continue to the third highest ranked Applicant.
The District reserves the right to reject any and all Qualification Statements. Additionally, there is no express or implied obligation for the District to reimburse Applicants for any expenses associated with the preparation and submittal of the Qualification Statements in response to this request.
Any protest regarding the terms of this Notice, or the evaluation criteria on file with the District Manager, must be filed in writing, within seventy-two (72) hours (excluding weekends) after the

publication of this Notice. The formal protest setting forth with particularity the facts and law upon which the protest is based shall be filed within seven (7) calendar days after the initial notice of protest was filed. Failure to timely file a notice of protest or failure to timely file a formal written protest shall constitute a waiver of any right to object or protest with respect to aforesaid Notice or evaluation criteria provisions.
Any person who files a notice of protest shall provide to the District, simultaneous with the filing of the notice, a protest bond with a responsible surety to be approved by the District and in the amount of Ten Thousand Dollars ($10,000.00).
The Tradition CDD District reserves the right to reject any and all submittals and to waive any non- substantial irregularity. The Tradition CDD District shall not be liable for any expense incurred by any Applicant as a result of being a respondent to this solicitation.

The Tradition CDD District is an independent, local unit of special-purpose government created pursuant to Chapter 190, Florida Statutes. Government in the State of Florida is conducted in the sunshine and all records of the Tradition CDD District are subject to the Florida Public Records Laws. As such, they are available for the public’s review upon request.

Proposed Schedule
 	
Month xx, 2023	Release of RFQ # 2023-05	
Month xx, 2023	Questions / Comments due to District Manager	
Month xx, 2023	Bids Responses/Qualification Statements are due by 2:00 p.m.	

RFP Response Organization:
To facility facilitate the CDD’s District’s objective review of the submittals, Applicant’s are requested to organize the main document using a standardized format. Each RFQ response should contain the following.

A cover letter on company letterhead signed by a Principal or other authorized member of the firm to commit the firm to contract for professional services. Include email of person to be notified of interview request or award notice. (4 page limit)
Table of Contents with page numbers.
Team information (20 page limit)
Executive Summary
Work Plan / Project Approach
Project Team (Form 330)
Project Examples
Licenses and Certifications
References (minimum of 3)

Selection of Consultant:
This Request does not commit the CDD District to enter into an agreement, pay any costs incurred in the preparation and submittal of a proposal in response to this request or in subsequent interview and negotiation, or to procure a contract for the project. The CDD District will require the selected Consultant to participate in negotiations of the fees for the project and to submit such scope, technical and/or other revisions to the proposals as may request from the negotiations. The CDD District reserves the right to perform all or some of the services described in this document with its own work force.

RFQ responses are evaluated and ranked based on objective Qualification Based criteria. The CDD District reserves the right to request an interview with any Applicant during the selection process. Should the CDD District see the need to interview Applicants, the Applicant will be notified as early as possible in the proposal review process. The selection criteria are as follows:
Understanding of the project scope of services (20%)
Demonstration of exceptional strengths in the scope of services (15%)
Experience of project team and personnel (30%)
Firm’s experience on similar projects (20%)
Compliance with the requirements of the RFQ (5%)
Compliance with MWBE participation requirements (10%)

Cone of Silence:
Prohibited Communications. The cone of silence prohibits any communication regarding a RFB, RFP, RFQ or other competitive solicitation between any bidder or responder (or its agents or representatives) or other entity with the potential for a financial interest in the award (or their respective agents or representatives) regarding such competitive solicitation, AND any CDD District Supervisor or CDD District employee, selection committee member or other persons authorized to act on behalf of the Board including the CDD’s District’s Engineer or their subconsultants, or to provide a recommendation to award a particular contract, other than District Manager (BSakuma@SDS-Inc.org). The cone of silence shall be in effect from the time of advertisement until contract award. Such communication shall result in disqualification.

PROJECT BACKGROUND

Project Description
Irrigation quality water is supplied to Tradition CDD’s District’s Tier 1 users via a pressurized system from an irrigation supply facility. The Tier 1 area services area encompasses 2,825 gross acres and 7,407 Equivalent Residential Connections. The irrigation supply plant was constructed in 2003 and is permitted through the South Florida Water Management District (“SFWMD”) for 3.29 MGD average daily flow. Since the CDD District acquired the Tier 1 irrigation system in August of 2017, larger valves and filters have been replaced, motors and pumps upgraded, one of the intake structures has been replaced and the replacement of the backup intake is scheduled, repair of individual meters is in process to allow an assessment of individual customer usage times and durations.

The Irrigation Plant has run out of water supply in the storage tank numerous times in the last two to three years. Tradition is at 95% build out and the CDD District is requesting an independent study be conducted to assess and evaluate the CDD’s District’s existing Tier 1 irrigation capacity and operation.

SCOPE OF SERVICES

Data Collection

Selected The selected firm will review and compile hard copy data for plant down times along with electronically available raw and distributed water pumping rates for the last five years. Selected The selected firm will inspect pumping and distribution system and perform any testing it feels are needed for an evaluation of the system.

The CDD District will provide:

2017 Engineers Report Existing Irrigation System (Raw Water Pumping, Filtration, and Distribution Facilities) Owned by Tradition Irrigation Company LLC prepared by Kimley- Horn.
2014 Tradition Irrigation Company Capacity Analysis prepared by Holz Engineering.
List of upgrades to the plant and distribution system since 2017.
Available individual customer readings. Only a limited number of historic monthly readings are available. Tier 1 includes approximately 72 customers. Most of the residential developments are billed as a single customer.
CDD District Adopted Irrigation rules and standards.
Access to the Irrigation Plant.

The approximate extent of the existing Tradition Tier 1 distribution system is shown below.

Evaluation Report
The draft report shall be presented to the Board within 180 days of the notice to proceed. Report shall include
Capacity of plant to supply Tier 1 user demands
Determination of Equivalent Residential Connection equivalent (ERC) based on industry standards, landscape demands, and quantity of irrigated acres.
Determination of the remaining ERC capacity of the Tier 1 system by volume and plant performance.
Hydraulic analysis to identify system deficiencies and recommendations of remedies.
Recommendation for improved plant capacity and reduction of down times.	Detail operational or capital improvements need to meet these objectives.

Water chemistry / quality evaluation

TRADITION COMMUNITY DEVELOPMENT DISTRICTS 1-10

Financial Report For July 2023

TRADITION COMMUNITY DEVELOPMENT DISTRICTS #1-10
MONTHLY FINANCIAL REPORT TABLE OF CONTENTS

Tradition CDD #1-10 RECAP.	Page 3-5
Tradition CDD #1…	Page 6-8
Tradition CDD #2…	Page 9-10
Tradition CDD #3…	Page 11-12
Tradition CDD #4…	Page 13-14
Tradition CDD #5…	Page 15-16
Tradition CDD #6…	Page 17-18
Tradition CDD #7…	Page 19-20
Tradition CDD #8…	Page 21-22
Tradition CDD #9…	Page 23-24
Tradition CDD #10.	Page 25-26
Tradition IRRIGATION.	Page 27-30

	FISCAL YEAR	FISCAL YEAR		
	2022/2023
ANNUAL BUDGET	10/01/22 - 07/31/23
ACTUAL	% Of
Budget	COMMENTS	
REVENUES	
O & M ASSESSMENTS		2,621,290	2,575,235	
98.24%	
DEBT ASSESSMENTS		5,379,577	4,771,045	88.69% Direct billed portion of Series 2021 Bond Assessments	
BOND PREPAYMENTS		0	11,628	0.00%	
INTEREST INCOME		0	100,844	0.00%	
STORMWATER		825,000	974,432	118.11%	
OTHER INCOME		0	112,840	0.00%	
DEVELOPER CONTRIBUTION - BEEP		0	1,381,680	0.00%	
FUND CARRY FORWARD		0	0	0.00%	
Total Revenues		$	8,825,868	$	9,927,704	112.48%	
EXPENDITURES - ADMIN	
AUDIT		
55,000	
9,200	
16.73%	
BANK FEES		670	0	0.00%	
DISSEMINATION AGENT		2,000	0	0.00%	
DISTRICT COUNSEL		80,000	28,622	35.78%	
MANAGEMENT		96,161	80,134	83.33%	
ASSESSMENT ROLL		10,000	0	0.00%	
DUES, LICENSES, FEES		1,750	1,875	107.14% One Additional CDD (#11)	
ENGINEERING		50,000	85,681	171.36%	
IMPACT FEE ADMINISTRATION		0	0	0.00%	
GENERAL INSURANCE		110,860	100,912	91.03%	
WEBSITE		7,500	6,250	83.33%	
LEGAL ADVERTISING		6,500	3,990	61.38%	
MISCELLANEOUS		0	16,736	100.00% CDD #11 Establishment	
TRAVEL AND PER DIEM		1,000	779	77.91%	
FINANCIAL ADVISORY FEES		0	85	0.00%	
OFFICE SUPPLIES		2,500	2,785	111.40%	
POSTAGE AND SHIPPING		200	1,100	549.88%	
COPIES		1,000	3,417	341.71%	
SUPERVISOR FEES		64,800	35,800	55.25%	
SUPERVISOR PAYROLL TAXES		0	2,739	0.00%	
SUPERVISOR PAYROLL FEES		0	553	0.00%	
TRUSTEE SERVICES		18,000	16,663	92.57%	
OFFICE RENT		25,000	73,823	295.29%	
CONTINUING DISCLOSURE FEE		3,000	1,750	58.33%	138	
GENERAL RESERVES		25,000	0	0.00%	
TOTAL ADMIN EXPENSES		560,941	472,892	84.30%	

FISCAL YEAR	FISCAL YEAR
2022/2023	10/01/22 - 07/31/23	% Of
ANNUAL BUDGET	ACTUAL	Budget	COMMENTS

EXPENDITURES - MAINT		
LAKE MAINTENANCE		255,000	162,426	63.70%	
BEEP OPERATIONS		300,956	234,618	77.96%	
BUILDING, BRIDGE, MONUMENT MAINT.		300,000	0	0.00%	
MISC MAINTENANCE		0	1,730	0.00%	
GENERAL RESERVES		72,000	0	0.00%	
COMMUNITY AREA MAINTENANCE		40,000	89,336	223.34%	
DEVELOPMENT COORDINATOR		61,100	50,917	83.33%	
PAINTING		0	0	0.00%	
FENCE MAINTENANCE		0	0	0.00%	
ELECTRIC		70,000	69,095	98.71%	
ENGINEERING - MAINT.		100,000	90,884	90.88%	
FIELD MANAGEMENT		197,667	164,723	83.33%	
FOUNTAIN MAINTENANCE		30,000	14,599	48.66%	
LANDSCAPING MAINTENANCE & MATERIALS		870,000	858,372	98.66%	
IRRIGATION		152,000	128,169	84.32%	
IRRIGATION PARTS & REPAIR		25,000	41,014	164.05%	
PEST CONTROL		0	2,137	0.00%	
SECURITY		0	3,400	0.00%	
SIDEWALK CLEANING		30,000	30,000	100.00%	
SIDEWALK REPAIR		45,000	0	0.00%	
SIGNAGE		10,000	116,773	1167.73% Alligator Signs	
STREETLIGHTS		45,000	104,869	233.04% Four 37' concrete poles	
STORMWATER MANAGEMENT		6,000	76,748	1279.13% Labor & Equipment costs for clearing sand, debris and materials from canals	
TREE/PLANT REPLACEMENT & TRIM		90,000	86,874	96.53%	
WETLAND UPLAND MAINTENANCE		0	375	0.00%	
TOTAL MAINTENANCE EXPENSES		2,699,723	2,327,056	86.20%	
					
Total Expenditures		$	3,260,664	$	2,799,948	85.87%	

	FISCAL YEAR	FISCAL YEAR		
	2022/2023	10/01/22 - 07/31/23
ANNUAL BUDGET	ACTUAL	% Of Budget	
COMMENTS	
				
EXCESS / (SHORTFALL)		$	5,565,204	$	7,127,756	128.08%		

PAYMENT TO TRUSTEE		
(4,949,211)	(4,259,544)	
86.07%		
BOND PREPAYMENTS		-	(11,628)			
BALANCE		$	615,993	$	2,856,584			

COUNTY APPRAISER & TAX COLLECTOR FEE		
(307,996)	(280,146)	
90.96%		
DISCOUNTS FOR EARLY PAYMENTS		(307,996)	(267,877)	86.97%		
NET EXCESS / (SHORTFALL)		$	-	$	2,308,561			

Oct '22 - Jul ...	Budget	$ Over Budget	% of Budget
Income
01-1610 · BEEP Developer Contribution	1,381,680.00		0.00		1,381,680.00		100.0%	
01-3100 · O & M Assessments	45,049.32		45,855.00		-805.68		98.2%	
01-3810 · Debt Assessments (2014)	4,197,565.46		62,341.00		4,135,224.46		6,733.2%	
01-3811 · Debt Assessments (2021)	573,479.62							
01-3820 · Debt Assess-Pd To Trustee-2014	-3,964,295.34		-57,353.00		-3,906,942.34		6,912.1%	
01-3821 · Debt Assess-Pd To Trustee-2021	-964,096.81							
01-3830 · Assessment Fees	-3,894.97		-4,178.00		283.03		93.2%	
01-3831 · Assessment Discounts	-3,638.72		-4,178.00		539.28		87.1%	
01-3921 · Debt Assess-Direct Bill-2021	400,623.04							
01-9000 · Bond Prepayments - Series 2014	11,627.94		0.00		11,627.94		100.0%	
01-9010 · Prepaid Bonds To Trustee (2014)	-11,627.94		0.00		-11,627.94		100.0%	
01-9400 · Other Income	107,087.56		0.00		107,087.56		100.0%	
01-9405 · Stormwater Fees	13,392.83		11,339.00		2,053.83		118.1%	
01-9407 · Engineering Revenue Fees	3,877.00		0.00		3,877.00		100.0%	
01-9408 · Application Fee	18,785.00		0.00		18,785.00		100.0%	
01-9410 · Interest Income (GF)	100,844.37		0.00		100,844.37		100.0%	
Total Income	1,906,458.36		53,826.00		1,852,632.36		3,541.9%	
Expense
01-1308 · Dissemination Agent	
0.00		
27.00		
-27.00		
0.0%	
01-1310 · Engineering	605.30		353.00		252.30		171.5%	
01-1311 · Management Fees	566.12		679.00		-112.88		83.4%	
01-1313 · Field Management	2,264.06		2,717.00		-452.94		83.3%	
01-1315 · Legal Fees	202.23		565.00		-362.77		35.8%	
01-1317 · Travel and Per Diem	5.55		7.00		-1.45		79.3%	
01-1318 · Assessment/Tax Roll	0.00		71.00		-71.00		0.0%	
01-1320 · Audit Fees	65.03		6,500.00		-6,434.97		1.0%	
01-1325 · Supervisor Fees	3,580.00		6,480.00		-2,900.00		55.2%	
01-1326 · Payroll tax expense	273.87		0.00		273.87		100.0%	
01-1327 · Payroll Processing fees	55.27		0.00		55.27		100.0%	
01-1330 · Arbitrage Rebate Fee	0.00							
01-1331 · Financial Advisory Fees	0.65							
01-1332 · Development Coordinator	699.86		840.00		-140.14		83.3%	
01-1335 · Administrative Contingency	0.00		0.00		0.00		0.0%	
01-1440 · Rents & Leases	521.53		177.00		344.53		294.6%	
01-1450 · Insurance	37,006.00		783.00		36,223.00		4,726.2%	
01-1480 · Legal Advertisements	28.24		46.00		-17.76		61.4%	
01-1511 · Bank Fees	0.00		5.00		-5.00		0.0%	
01-1512 · Miscellaneous	118.26		0.00		118.26		100.0%	
01-1513 · Postage and Delivery	7.82		1.00		6.82		782.0%	
01-1514 · Office Supplies	19.72		18.00		1.72		109.6%	
01-1515 · Telephone	0.00		0.00		0.00		0.0%	
01-1516 · Copies	24.18		7.00		17.18		345.4%	
01-1518 · Web Site	625.00		750.00		-125.00		83.3%	
01-1519 · Holiday Decorations	0.00		0.00		0.00		0.0%	
01-1520 · Security	46.76		0.00		46.76		100.0%	
01-1540 · Dues, License & Subscriptions	300.00		175.00		125.00		171.4%	
01-1550 · Trustee Fees (GF)	117.75		247.00		-129.25		47.7%	
01-1600 · BEEP Capital	0.00		0.00		0.00		0.0%	
01-1606 · BEEP O&M
01-1607 · Insurance	
65,399.35		
0.00		
65,399.35		
100.0%	
01-1608 · Legal	2,502.50		0.00		2,502.50		100.0%	
01-1606 · BEEP O&M - Other	-64,981.43		3,746.00		-68,727.43		-1,734.7%	
Total 01-1606 · BEEP O&M	2,920.42		
3,746.00		-825.58		
78.0%	
01-1743 · Continuing Disclosure Fee	24.09		41.00		-16.91		58.8%	
01-1801 · Landscaping Maintenance	11,797.95		11,958.00		-160.05		98.7%	
01-1802 · Tree/Plant Replacement & Trim	1,194.07		1,237.00		-42.93		96.5%	
01-1805 · Stormwater Management (GF)	1,054.89		82.00		972.89		1,286.5%	
01-1807 · Irrigation Parts & Repair	563.75		344.00		219.75		163.9%	
01-1808 · Irrigation	1,761.66		2,089.00		-327.34		84.3%	
01-1810 · Engineering / Inspections	1,249.19		1,374.00		-124.81		90.9%	

	Oct '22 - Jul ...		Budget		$ Over Budget		% of Budget	
01-1812 · Signage & Amenities Repair	1,605.01		138.00		1,467.01		1,163.1%	
01-1813 · Wetland Upland Maintenance	5.19		0.00		5.19		100.0%	
01-1814 · Electricity	949.72		962.00		-12.28		98.7%	
01-1815 · Miscellaneous Maintenance	23.81		0.00		23.81		100.0%	
01-1816 · Building Maintenance	0.00		0.00		0.00		0.0%	
01-1817 · Common Area Maintenance	1,227.91		550.00		677.91		223.3%	
01-1818 · Fountain Maintenance & Chemical	200.69		412.00		-211.31		48.7%	
01-1820 · Contingency	0.00		0.00		0.00		0.0%	
01-1822 · Pest Control	29.40		0.00		29.40		100.0%	
01-1825 · Lake Maintenance	2,232.50		3,505.00		-1,272.50		63.7%	
01-1827 · Streetlights	1,441.40		619.00		822.40		232.9%	
01-1829 · Sidewalk Cleaning	412.37		412.00		0.37		100.1%	
01-1830 · Sidewalk Repair	0.00		619.00		-619.00		0.0%	
01-1831 · Building, Bridge, Monument Main	0.00		4,123.00		-4,123.00		0.0%	
01-1835 · General Reserves	0.00		1,167.00		-1,167.00		0.0%	
Total Expense	75,827.22		53,826.00		22,001.22		140.9%	
Net Income	1,830,631.14		0.00		1,830,631.14		100.0%	

08/29/23	Balance Sheet
Accrual Basis	As of July 31, 2023

Jul 31, 23

ASSETS
Current Assets Checking/Savings		
01-1000 · Valley National 1157	2,714,839.49	
Total Checking/Savings	2,714,839.49	
Accounts Receivable		
11000 · Accounts Receivable	1,438,818.36	
Total Accounts Receivable	1,438,818.36	
Other Current Assets		
01-1208 · Due From Other Gov Units - Open	999.78	
01-8154 · Deposits	200.00	
Total Other Current Assets	1,199.78	
Total Current Assets	4,154,857.63	
Other Assets		
01-8122 · A/R St Lucie County Excess Fees	-18,711.00	
Total Other Assets	-18,711.00	
TOTAL ASSETS	4,136,146.63	
LIABILITIES & EQUITY		
Liabilities
Current Liabilities Accounts Payable
01-2020 · Accounts Payable	

345,317.81	
Total Accounts Payable	345,317.81	
Other Current Liabilities		
01-2023 · Due To Other Funds	396,051.84	
01-2025 · Deposits - Engr Deposit	48,467.33	
01-2026 · Deposits - Lake Bank Restoratio	535,941.27	
01-2030 · Due to CDD2	37,433.62	
01-2031 · Due to CDD3	71,781.54	
01-2032 · Due to CDD4	68,907.63	
01-2033 · Due to CDD5	66,760.64	
01-2034 · Due to CDD6	65,026.09	
01-2035 · Due to CDD7	28,943.31	
01-2036 · Due to CDD8	-12,140.07	
01-2037 · Due to CDD9	-5,096.78	
01-2038 · Due to CDD10	-76,129.65	
01-3010 · General Reserve - Signage	500,000.00	
Total Other Current Liabilities	1,725,946.77	
Total Current Liabilities	2,071,264.58	
Total Liabilities	2,071,264.58	
Equity		
30000 · Opening Balance Equity	639,977.15	
99-9999 · Retained Earnings	-405,726.24	
Net Income	1,830,631.14	
Total Equity	2,064,882.05	
TOTAL LIABILITIES & EQUITY	4,136,146.63	

08/29/23	Profit & Loss Budget vs. Actual
Accrual Basis	October 2022 through July 2023

	Oct '22 - Jul 23		Budget		$ Over Budget		% of Budget	
Income
01-3100 · Assessments	
171,957.65		
175,032.00		
-3,074.35		
98.2%	
01-3810 · Debt Assessment	0.00		326,508.00		-326,508.00		0.0%	
01-3820 · Debt Assess-Paid To Trustee	0.00		-300,388.00		300,388.00		0.0%	
01-3830 · Assessment Fees	-17,971.13		-19,277.00		1,305.87		93.2%	
01-3831 · Assessment Discounts	-16,788.82		-19,277.00		2,488.18		87.1%	
01-9405 · Stormwater Fees	70,146.11		59,389.00		10,757.11		118.1%	
01-9410 · Interest Income (GF)	257.15		0.00		257.15		100.0%	
Total Income	207,600.96		221,987.00		-14,386.04		93.5%	
Expense
01-1308 · Dissemination Agent	
0.00		
144.00		
-144.00		
0.0%	
01-1310 · Engineering	3,170.00		1,850.00		1,320.00		171.4%	
01-1311 · Management Fees	2,964.78		3,558.00		-593.22		83.3%	
01-1315 · Legal Fees	1,058.94		2,960.00		-1,901.06		35.8%	
01-1317 · Travel and Per Diem	28.82		37.00		-8.18		77.9%	
01-1318 · Assessment/Tax Roll	0.00		370.00		-370.00		0.0%	
01-1320 · Audit Fees	340.37		5,500.00		-5,159.63		6.2%	
01-1325 · Supervisor Fees	3,580.00		6,480.00		-2,900.00		55.2%	
01-1326 · Payroll Taxes	273.87		0.00		273.87		100.0%	
01-1327 · Payroll Processing Fees	55.27		0.00		55.27		100.0%	
01-1330 · Arbitrage Rebate Fee	0.00		0.00		0.00		0.0%	
01-1331 · Financial Advisory Fees	3.14		0.00		3.14		100.0%	
01-1332 · Development Coordinator	3,665.33		4,398.00		-732.67		83.3%	
01-1440 · Rents & Leases	2,731.28		925.00		1,806.28		295.3%	
01-1450 · Insurance	11,340.00		4,102.00		7,238.00		276.5%	
01-1480 · Legal Advertisements	147.61		240.00		-92.39		61.5%	
01-1511 · Bank Fees	0.00		25.00		-25.00		0.0%	
01-1512 · Miscellaneous	619.18		0.00		619.18		100.0%	
01-1513 · Postage and Delivery	40.68		6.00		34.68		678.0%	
01-1514 · Office Supplies	103.03		92.00		11.03		112.0%	
01-1516 · Copies	126.42		36.00		90.42		351.2%	
01-1518 · Web Site	625.00		750.00		-125.00		83.3%	
01-1520 · Security	244.75		0.00		244.75		100.0%	
01-1540 · Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
01-1550 · Trustee Fees (GF)	616.47		1,296.00		-679.53		47.6%	
01-1606 · BEEP Operations	15,295.61		19,620.00		-4,324.39		78.0%	
01-1743 · Continuing Disclosure Fee	125.97		216.00		-90.03		58.3%	
01-1801 · Landscaping Maintenance	61,791.54		62,629.00		-837.46		98.7%	
01-1802 · Tree/Plant Replacement & Trim	6,253.79		6,479.00		-225.21		96.5%	
01-1805 · Stormwater Management (GF)	5,524.85		432.00		5,092.85		1,278.9%	
01-1807 · Irrigation Parts & Repair	2,952.44		1,800.00		1,152.44		164.0%	
01-1808 · Irrigation	9,226.49		10,942.00		-1,715.51		84.3%	
01-1809 · Field Management	11,857.86		14,229.00		-2,371.14		83.3%	
01-1810 · Engineering / Inspections	6,542.43		7,199.00		-656.57		90.9%	
01-1812 · Signage & Amenities Repair	8,406.09		720.00		7,686.09		1,167.5%	
01-1813 · Wetland Upland Maintenance	26.99		0.00		26.99		100.0%	
01-1814 · Electricity	4,973.94		5,039.00		-65.06		98.7%	
01-1815 · Miscellaneous Maintenance	124.53		0.00		124.53		100.0%	
01-1816 · Building Maintenance	0.00		21,596.00		-21,596.00		0.0%	
01-1817 · Common Area Maintenance	6,431.01		2,879.00		3,552.01		223.4%	
01-1818 · Fountain Maintenance & Chemical	1,050.96		2,160.00		-1,109.04		48.7%	
01-1820 · Contingency	0.00		0.00		0.00		0.0%	
01-1822 · Pest Control	153.81							
01-1825 · Lake Maintenance	11,692.53		18,357.00		-6,664.47		63.7%	
01-1826 · Streetlights	7,549.16		3,239.00		4,310.16		233.1%	
01-1829 · Sidewalk Cleaning	2,159.60		2,160.00		-0.40		100.0%	
01-1830 · Sidewalk Repair	0.00		3,239.00		-3,239.00		0.0%	
01-1835 · General Reserves	0.00		6,108.00		-6,108.00		0.0%	
Total Expense	194,049.54		221,987.00		-27,937.46		87.4%	
Net Income	13,551.42		0.00		13,551.42		100.0%	

08/29/23	Balance Sheet
Accrual Basis	As of July 31, 2023

Jul 31, 23
ASSETS
Current Assets
Checking/Savings		
01-1000 · Valley National 1173	8,869.37	
Total Checking/Savings	8,869.37	
Other Current Assets		
01-1210 · Due from CDD1	37,433.62	
Total Other Current Assets	37,433.62	
Total Current Assets	46,302.99	
TOTAL ASSETS	46,302.99	
LIABILITIES & EQUITY		
Equity
30000 · Opening Balance Equity	
4,869.12	
99-9999 · Retained Earnings	27,882.45	
Net Income	13,551.42	
Total Equity	46,302.99	
TOTAL LIABILITIES & EQUITY	46,302.99	

08/29/23	Profit & Loss Budget vs. Actual
Accrual Basis	October 2022 through July 2023

	Oct '22 - Jul 23		Budget		$ Over Budget		% of Budget	
Income
01-3100 · Assessments	
426,174.16		
433,796.00		
-7,621.84		
98.2%	
01-3810 · Debt Assessment	0.00		969,395.00		-969,395.00		0.0%	
01-3820 · Debt Assess-Paid To Trustee	0.00		-891,843.00		891,843.00		0.0%	
01-3830 · Assessment Fees	-52,325.77		-56,128.00		3,802.23		93.2%	
01-3831 · Assessment Discounts	-48,883.27		-56,128.00		7,244.73		87.1%	
01-9405 · Stormwater Fees	208,262.69		176,325.00		31,937.69		118.1%	
01-9410 · Interest Income (GF)	0.56		0.00		0.56		100.0%	
Total Income	533,228.37		575,417.00		-42,188.63		92.7%	
Expense
01-1308 · Dissemination Agent	
0.00		
427.00		
-427.00		
0.0%	
01-1310 · Engineering	9,411.67		5,492.00		3,919.67		171.4%	
01-1311 · Management Fees	8,802.37		10,563.00		-1,760.63		83.3%	
01-1315 · Legal Fees	3,143.96		8,788.00		-5,644.04		35.8%	
01-1317 · Travel and Per Diem	85.57		110.00		-24.43		77.8%	
01-1318 · Assessment/Tax Roll	0.00		1,098.00		-1,098.00		0.0%	
01-1320 · Audit Fees	1,010.57		5,500.00		-4,489.43		18.4%	
01-1325 · Supervisor Fees	3,580.00		6,480.00		-2,900.00		55.2%	
01-1326 · Payroll Taxes - Supervisors	273.87		0.00		273.87		100.0%	
01-1327 · Payroll Fees - Supervisors	55.27		0.00		55.27		100.0%	
01-1330 · Arbitrage Rebate Fee	0.00		0.00		0.00		0.0%	
01-1331 · Financial Advisory Fees	9.33		0.00		9.33		100.0%	
01-1332 · Development Coordinator	10,882.26		13,059.00		-2,176.74		83.3%	
01-1440 · Rents & Leases	8,109.11		2,746.00		5,363.11		295.3%	
01-1450 · Insurance	7,150.00		12,177.00		-5,027.00		58.7%	
01-1480 · Legal Advertisements	438.27		714.00		-275.73		61.4%	
01-1511 · Bank Fees	0.00		74.00		-74.00		0.0%	
01-1512 · Miscellaneous	1,838.33		0.00		1,838.33		100.0%	
01-1513 · Postage and Delivery	120.80		22.00		98.80		549.1%	
01-1514 · Office Supplies	305.91		275.00		30.91		111.2%	
01-1516 · Copies	375.35		110.00		265.35		341.2%	
01-1518 · Web Site	625.00		750.00		-125.00		83.3%	
01-1520 · Security	726.67		0.00		726.67		100.0%	
01-1540 · Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
01-1550 · Trustee Fees (GF)	1,830.30		3,847.00		-2,016.70		47.6%	
01-1606 · BEEP Operations	0.00		0.00		0.00		0.0%	
01-1743 · Continuing Disclosure Fee	374.02		641.00		-266.98		58.3%	
01-1801 · Landscaping Maintenance	183,457.46		185,943.00		-2,485.54		98.7%	
01-1802 · Tree/Plant Replacement & Trim	18,567.34		19,235.00		-667.66		96.5%	
01-1805 · Stormwater Management (GF)	16,403.14		1,282.00		15,121.14		1,279.5%	
01-1807 · Irrigation Parts & Repair	8,765.71		5,343.00		3,422.71		164.1%	
01-1808 · Irrigation	27,393.21		32,487.00		-5,093.79		84.3%	
01-1809 · Field Management	35,205.70		42,247.00		-7,041.30		83.3%	
01-1810 · Engineering / Inspections	19,424.31		21,373.00		-1,948.69		90.9%	
01-1812 · Signage & Amenities Repair	24,957.48		2,137.00		22,820.48		1,167.9%	
01-1813 · Wetland Upland Maintenance	80.14		0.00		80.14		100.0%	
01-1814 · Electricity	14,767.50		14,961.00		-193.50		98.7%	
01-1815 · Miscellaneous Maintenance	369.74		0.00		369.74		100.0%	
01-1816 · Building Maintenance	0.00		64,118.00		-64,118.00		0.0%	
01-1817 · Common Area Maintenance	19,093.50		8,549.00		10,544.50		223.3%	
01-1818 · Fountain Maintenance & Chemical	3,120.28		6,412.00		-3,291.72		48.7%	
01-1820 · Contingency	0.00		0.00		0.00		0.0%	
01-1822 · Pest Control	456.68							
01-1825 · Lake Maintenance	34,714.83		54,500.00		-19,785.17		63.7%	
01-1826 · Streetlights	22,413.27		9,618.00		12,795.27		233.0%	
01-1829 · Sidewalk Cleaning	6,411.82		6,412.00		-0.18		100.0%	
01-1830 · Sidewalk Repair	0.00		9,618.00		-9,618.00		0.0%	
01-1835 · General Reserves	0.00		18,134.00		-18,134.00		0.0%	
Total Expense	494,925.74		575,417.00		-80,491.26		86.0%	
Net Income	38,302.63		0.00		38,302.63		100.0%	

08/29/23	Balance Sheet
Accrual Basis	As of July 31, 2023

Jul 31, 23
ASSETS
Current Assets
Checking/Savings		
01-1000 · Valley National 1181	19.03	
Total Checking/Savings	19.03	
Other Current Assets		
01-1210 · Due from CDD1	71,781.54	
Total Other Current Assets	71,781.54	
Total Current Assets	71,800.57	
TOTAL ASSETS	71,800.57	
LIABILITIES & EQUITY		
Equity
30000 · Opening Balance Equity	
1,295.39	
99-9999 · Retained Earnings	32,202.55	
Net Income	38,302.63	
Total Equity	71,800.57	
TOTAL LIABILITIES & EQUITY	71,800.57	

08/29/23	Profit & Loss Budget vs. Actual
Accrual Basis	October 2022 through July 2023

	Oct '22 - Jul 23		Budget		$ Over Budget		% of Budget	
Income
01-3100 · Assessments	
431,147.22		
438,858.00		
-7,710.78		
98.2%	
01-3810 · Debt Assessment	0.00		981,084.00		-981,084.00		0.0%	
01-3820 · Debt Assess-Paid To Trustee	0.00		-902,597.00		902,597.00		0.0%	
01-3830 · Assessment Fees	-52,950.38		-56,798.00		3,847.62		93.2%	
01-3831 · Assessment Discounts	-49,466.79		-56,798.00		7,331.21		87.1%	
01-9405 · Stormwater Fees	210,773.77		178,451.00		32,322.77		118.1%	
01-9410 · Interest Income (GF)	45.32		0.00		45.32		100.0%	
Total Income	539,549.14		582,200.00		-42,650.86		92.7%	
Expense
01-1308 · Dissemination Agent	
0.00		
433.00		
-433.00		
0.0%	
01-1310 · Engineering	9,525.15		5,558.00		3,967.15		171.4%	
01-1311 · Management Fees	8,908.51		10,690.00		-1,781.49		83.3%	
01-1315 · Legal Fees	3,181.87		8,894.00		-5,712.13		35.8%	
01-1317 · Travel and Per Diem	86.60		111.00		-24.40		78.0%	
01-1318 · Assessment/Tax Roll	0.00		1,112.00		-1,112.00		0.0%	
01-1320 · Audit Fees	1,022.76		5,500.00		-4,477.24		18.6%	
01-1321 · Field Management	35,630.20		42,756.00		-7,125.80		83.3%	
01-1325 · Supervisor Fees	3,580.00		6,480.00		-2,900.00		55.2%	
01-1326 · Payroll Taxes - Supervisors	273.87		0.00		273.87		100.0%	
01-1327 · Payroll Fees - Supervisors	55.27		0.00		55.27		100.0%	
01-1330 · Arbitrage Rebate Fee	0.00		0.00		0.00		0.0%	
01-1331 · Financial Advisory Fees	9.44		0.00		9.44		100.0%	
01-1332 · Development Coordinator	11,013.48		13,216.00		-2,202.52		83.3%	
01-1440 · Rents & Leases	8,206.89		2,779.00		5,427.89		295.3%	
01-1450 · Insurance	7,240.00		12,326.00		-5,086.00		58.7%	
01-1480 · Legal Advertisements	443.55		723.00		-279.45		61.3%	
01-1511 · Bank Fees	0.00		74.00		-74.00		0.0%	
01-1512 · Miscellaneous	1,860.50		0.00		1,860.50		100.0%	
01-1513 · Postage and Delivery	122.26		22.00		100.26		555.7%	
01-1514 · Office Supplies	309.60		278.00		31.60		111.4%	
01-1516 · Copies	379.87		111.00		268.87		342.2%	
01-1518 · Web Site	625.00		750.00		-125.00		83.3%	
01-1520 · Security	735.43		0.00		735.43		100.0%	
01-1540 · Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
01-1550 · Trustee Fees (GF)	1,852.36		3,893.00		-2,040.64		47.6%	
01-1606 · BEEP Operations	0.00							
01-1743 · Continuing Disclosure Fee	378.53		649.00		-270.47		58.3%	
01-1801 · Landscaping Maintenance	185,669.57		188,185.00		-2,515.43		98.7%	
01-1802 · Tree/Plant Replacement & Trim	18,791.23		19,467.00		-675.77		96.5%	
01-1805 · Stormwater Management (GF)	16,600.93		1,298.00		15,302.93		1,279.0%	
01-1807 · Irrigation Parts & Repair	8,871.41		5,408.00		3,463.41		164.0%	
01-1808 · Irrigation	27,723.51		32,878.00		-5,154.49		84.3%	
01-1810 · Engineering / Inspections	19,658.53		21,630.00		-1,971.47		90.9%	
01-1812 · Signage & Amenities Repair	25,258.42		2,163.00		23,095.42		1,167.7%	
01-1813 · Wetland Upland Maintenance	81.11		0.00		81.11		100.0%	
01-1814 · Electricity	14,945.56		15,141.00		-195.44		98.7%	
01-1815 · Miscellaneous Maintenance	374.20		0.00		374.20		100.0%	
01-1816 · Building Maintenance	0.00		64,891.00		-64,891.00		0.0%	
01-1817 · Common Area Maintenance	19,323.73		8,652.00		10,671.73		223.3%	
01-1818 · Fountain Maintenance & Chemical	3,157.90		6,489.00		-3,331.10		48.7%	
01-1820 · Contingency	0.00		0.00		0.00		0.0%	
01-1822 · Pest Control	462.19							
01-1825 · Lake Maintenance	35,133.42		55,158.00		-20,024.58		63.7%	
01-1826 · Streetlights	22,683.53		9,734.00		12,949.53		233.0%	
01-1829 · Sidewalk Cleaning	6,489.13		6,489.00		0.13		100.0%	
01-1830 · Sidewalk Repair	0.00		9,734.00		-9,734.00		0.0%	
01-1835 · General Reserves	0.00		18,353.00		-18,353.00		0.0%	
Total Expense	500,840.51		582,200.00		-81,359.49		86.0%	
Net Income	38,708.63		0.00		38,708.63		100.0%	

08/29/23	Balance Sheet
Accrual Basis	As of July 31, 2023

Jul 31, 23
ASSETS
Current Assets
Checking/Savings		
01-1000 · Valley National 1211	1,563.11	
Total Checking/Savings	1,563.11	
Other Current Assets		
01-1210 · Due from CDD1	68,907.63	
Total Other Current Assets	68,907.63	
Total Current Assets	70,470.74	
TOTAL ASSETS	70,470.74	
LIABILITIES & EQUITY		
Equity
30000 · Opening Balance Equity	
1,491.35	
99-9999 · Retained Earnings	30,270.76	
Net Income	38,708.63	
Total Equity	70,470.74	
TOTAL LIABILITIES & EQUITY	70,470.74	

08/29/23	Profit & Loss Budget vs. Actual
Accrual Basis	October 2022 through July 2023

	Oct '22 - Jul 23		Budget		$ Over Budget		% of Budget	
Income
01-3100 · Assessments	
428,163.58		
435,821.00		
-7,657.42		
98.2%	
01-3810 · Debt Assessment	0.00		974,071.00		-974,071.00		0.0%	
01-3820 · Debt Assess-Paid To Trustee	0.00		-896,145.00		896,145.00		0.0%	
01-3830 · Assessment Fees	-52,575.61		-56,396.00		3,820.39		93.2%	
01-3831 · Assessment Discounts	-49,116.68		-56,396.00		7,279.32		87.1%	
01-9405 · Stormwater Fees	209,267.83		177,176.00		32,091.83		118.1%	
01-9410 · Interest Income (GF)	96.49		0.00		96.49		100.0%	
Total Income	535,835.61		578,131.00		-42,295.39		92.7%	
Expense
01-1308 · Dissemination Agent	
0.00		
430.00		
-430.00		
0.0%	
01-1310 · Engineering	9,457.06		5,519.00		3,938.06		171.4%	
01-1311 · Management Fees	8,844.83		10,614.00		-1,769.17		83.3%	
01-1315 · Legal Fees	3,159.13		8,830.00		-5,670.87		35.8%	
01-1317 · Travel and Per Diem	85.98		110.00		-24.02		78.2%	
01-1318 · Assessment/Tax Roll	0.00		1,104.00		-1,104.00		0.0%	
01-1320 · Audit Fees	1,015.45		5,500.00		-4,484.55		18.5%	
01-1321 · Field Management	35,375.50		42,451.00		-7,075.50		83.3%	
01-1325 · Supervisor Fees	3,580.00		6,480.00		-2,900.00		55.2%	
01-1326 · Payroll Taxes - Supervisors	273.87		0.00		273.87		100.0%	
01-1327 · Payroll Fees - Supervisors	55.27		0.00		55.27		100.0%	
01-1330 · Arbitrage Rebate Fee	0.00		0.00		0.00		0.0%	
01-1331 · Financial Advisory Fees	9.38		0.00		9.38		100.0%	
01-1332 · Development Coordinator	10,934.75		13,122.00		-2,187.25		83.3%	
01-1440 · Rents & Leases	8,148.22		2,759.00		5,389.22		295.3%	
01-1450 · Insurance	6,820.00		12,236.00		-5,416.00		55.7%	
01-1480 · Legal Advertisements	440.38		717.00		-276.62		61.4%	
01-1511 · Bank Fees	0.00		74.00		-74.00		0.0%	
01-1512 · Miscellaneous	1,847.20		0.00		1,847.20		100.0%	
01-1513 · Postage and Delivery	121.38		22.00		99.38		551.7%	
01-1514 · Office Supplies	307.39		276.00		31.39		111.4%	
01-1516 · Copies	377.16		110.00		267.16		342.9%	
01-1518 · Web Site	625.00		750.00		-125.00		83.3%	
01-1520 · Security	730.17		9,020.00		-8,289.83		8.1%	
01-1540 · Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
01-1550 · Trustee Fees (GF)	1,839.12		3,866.00		-2,026.88		47.6%	
01-1606 · BEEP Operations	0.00							
01-1743 · Continuing Disclosure Fee	375.82		644.00		-268.18		58.4%	
01-1801 · Landscaping Maintenance	184,342.30		186,840.00		-2,497.70		98.7%	
01-1802 · Tree/Plant Replacement & Trim	18,656.90		19,328.00		-671.10		96.5%	
01-1805 · Stormwater Management (GF)	16,482.26		1,289.00		15,193.26		1,278.7%	
01-1807 · Irrigation Parts & Repair	8,807.99		5,369.00		3,438.99		164.1%	
01-1808 · Irrigation	27,525.33		32,643.00		-5,117.67		84.3%	
01-1810 · Engineering / Inspections	19,518.00		21,476.00		-1,958.00		90.9%	
01-1812 · Signage & Amenities Repair	25,077.86		2,148.00		22,929.86		1,167.5%	
01-1813 · Wetland Upland Maintenance	80.53		0.00		80.53		100.0%	
01-1814 · Electricity	14,838.72		15,033.00		-194.28		98.7%	
01-1815 · Miscellaneous Maintenance	371.53		0.00		371.53		100.0%	
01-1816 · Building Maintenance	0.00		64,427.00		-64,427.00		0.0%	
01-1817 · Common Area Maintenance	19,185.60		8,590.00		10,595.60		223.3%	
01-1818 · Fountain Maintenance & Chemical	3,135.32		6,443.00		-3,307.68		48.7%	
01-1822 · Pest Control	458.88							
01-1825 · Lake Maintenance	34,882.26		54,763.00		-19,880.74		63.7%	
01-1826 · Streetlights	22,521.37		9,664.00		12,857.37		233.0%	
01-1829 · Sidewalk Cleaning	6,442.74		6,443.00		-0.26		100.0%	
01-1830 · Sidewalk Repair	0.00		9,664.00		-9,664.00		0.0%	
01-1835 · General Reserves	0.00		9,202.00		-9,202.00		0.0%	
Total Expense	496,925.65		578,131.00		-81,205.35		86.0%	
Net Income	38,909.96		0.00		38,909.96		100.0%	

08/29/23	Balance Sheet
Accrual Basis	As of July 31, 2023

Jul 31, 23
ASSETS
Current Assets
Checking/Savings		
01-1000 · Valley National 1203	3,328.07	
Total Checking/Savings	3,328.07	
Other Current Assets		
01-1210 · Due from CDD1	66,760.63	
Total Other Current Assets	66,760.63	
Total Current Assets	70,088.70	
TOTAL ASSETS	70,088.70	
LIABILITIES & EQUITY		
Equity
30000 · Opening Balance Equity	
559.76	
99-9999 · Retained Earnings	30,618.98	
Net Income	38,909.96	
Total Equity	70,088.70	
TOTAL LIABILITIES & EQUITY	70,088.70	

08/29/23	Profit & Loss Budget vs. Actual
Accrual Basis	October 2022 through July 2023

	Oct '22 - Jul 23		Budget		$ Over Budget		% of Budget	
Income
01-3100 · Assessments	
393,355.10		
400,390.00		
-7,034.90		
98.2%	
01-3810 · Debt Assessment	0.00		892,249.00		-892,249.00		0.0%	
01-3820 · Debt Assess-Paid To Trustee	0.00		-820,869.00		820,869.00		0.0%	
01-3830 · Assessment Fees	-48,203.32		-51,706.00		3,502.68		93.2%	
01-3831 · Assessment Discounts	-45,032.04		-51,706.00		6,673.96		87.1%	
01-9405 · Stormwater Fees	191,689.08		162,293.00		29,396.08		118.1%	
01-9410 · Interest Income (GF)	494.44		0.00		494.44		100.0%	
Total Income	492,303.26		530,651.00		-38,347.74		92.8%	
Expense
01-1308 · Dissemination Agent	
0.00		
393.00		
-393.00		
0.0%	
01-1310 · Engineering	8,662.67		5,055.00		3,607.67		171.4%	
01-1311 · Management Fees	8,101.86		9,722.00		-1,620.14		83.3%	
01-1315 · Legal Fees	2,893.76		8,088.00		-5,194.24		35.8%	
01-1317 · Travel and Per Diem	78.76		101.00		-22.24		78.0%	
01-1318 · Assessment/Tax Roll	0.00		1,011.00		-1,011.00		0.0%	
01-1320 · Audit Fees	930.15		5,500.00		-4,569.85		16.9%	
01-1325 · Supervisor Fees	3,580.00		6,480.00		-2,900.00		55.2%	
01-1326 · Payroll Taxes - Supervisors	273.87		0.00		273.87		100.0%	
01-1327 · Payroll Fees - Supervisors	55.27		0.00		55.27		100.0%	
01-1329 · Development Coordinator	10,016.23		12,019.00		-2,002.77		83.3%	
01-1330 · Arbitrage Rebate Fee	0.00		0.00		0.00		0.0%	
01-1331 · Financial Advisory Fees	8.59		0.00		8.59		100.0%	
01-1332 · Management Fees - SpikeRush	0.00							
01-1337 · Lake Maintenance	0.00		50,163.00		-50,163.00		0.0%	
01-1440 · Rents & Leases	7,463.77		2,528.00		4,935.77		295.2%	
01-1450 · Insurance	6,820.00		11,208.00		-4,388.00		60.8%	
01-1480 · Legal Advertisements	403.39		657.00		-253.61		61.4%	
01-1511 · Bank Fees	0.00		68.00		-68.00		0.0%	
01-1512 · Miscellaneous	1,692.03		0.00		1,692.03		100.0%	
01-1513 · Postage and Delivery	111.18		20.00		91.18		555.9%	
01-1514 · Office Supplies	281.57		253.00		28.57		111.3%	
01-1516 · Copies	345.47		101.00		244.47		342.0%	
01-1518 · Web Site	625.00		750.00		-125.00		83.3%	
01-1520 · Security	668.84		8,262.00		-7,593.16		8.1%	
01-1540 · Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
01-1550 · Trustee Fees (GF)	1,684.64		3,541.00		-1,856.36		47.6%	
01-1606 · BEEP Operations	0.00							
01-1743 · Continuing Disclosure Fee	344.25		590.00		-245.75		58.3%	
01-1801 · Landscaping Maintenance	168,857.55		171,145.00		-2,287.45		98.7%	
01-1802 · Tree/Plant Replacement & Trim	17,089.72		17,705.00		-615.28		96.5%	
01-1805 · Stormwater Management (GF)	15,097.75		1,180.00		13,917.75		1,279.5%	
01-1807 · Irrigation Parts & Repair	8,068.12		4,918.00		3,150.12		164.1%	
01-1808 · Irrigation	25,213.20		29,901.00		-4,687.80		84.3%	
01-1809 · Field Management	32,403.96		38,885.00		-6,481.04		83.3%	
01-1810 · Engineering / Inspections	17,878.49		19,672.00		-1,793.51		90.9%	
01-1812 · Signage & Amenities Repair	22,971.32		1,967.00		21,004.32		1,167.8%	
01-1813 · Wetland Upland Maintenance	73.76		0.00		73.76		100.0%	
01-1814 · Electricity	13,592.27		13,770.00		-177.73		98.7%	
01-1815 · Miscellaneous Maintenance	340.32		0.00		340.32		100.0%	
01-1816 · Building Maintenance	0.00		59,016.00		-59,016.00		0.0%	
01-1817 · Common Area Maintenance	17,574.01		7,869.00		9,705.01		223.3%	
01-1818 · Fountain Maintenance & Chemical	2,871.96		5,902.00		-3,030.04		48.7%	
01-1822 · Pest Control	420.34		0.00		420.34		100.0%	
01-1825 · Streetlights	52,581.73		8,852.00		43,729.73		594.0%	
01-1829 · Sidewalk Cleaning	5,901.55		5,902.00		-0.45		100.0%	
01-1830 · Sidewalk Repair	0.00		8,852.00		-8,852.00		0.0%	
01-1835 · General Reserves	0.00		8,430.00		-8,430.00		0.0%	
Total Expense	456,152.35		530,651.00		-74,498.65		86.0%	
Net Income	36,150.91		0.00		36,150.91		100.0%	

08/29/23	Balance Sheet
Accrual Basis	As of July 31, 2023

Jul 31, 23
ASSETS
Current Assets
Checking/Savings		
01-1000 · Valley National 1238	17,053.89	
Total Checking/Savings	17,053.89	
Other Current Assets		
01-1210 · Due from CDD1
01-1211 · Due From CDD1 - Spikerush	
9,742.24	
01-1210 · Due from CDD1 - Other	55,283.86	
Total 01-1210 · Due from CDD1	
65,026.10	
Total Other Current Assets	65,026.10	
Total Current Assets	82,079.99	
TOTAL ASSETS	82,079.99	
LIABILITIES & EQUITY		
Equity
30000 · Opening Balance Equity	
970.27	
99-9999 · Retained Earnings	44,958.81	
Net Income	36,150.91	
Total Equity	82,079.99	
TOTAL LIABILITIES & EQUITY	82,079.99	

08/29/23	Profit & Loss Budget vs. Actual
Accrual Basis	October 2022 through July 2023

	Oct '22 - Jul 23		Budget		$ Over Budget		% of Budget	
Income
01-3100 · Assessments	
183,547.38		
186,830.00		
-3,282.62		
98.2%	
01-3810 · Debt Assessment	0.00		116,888.00		-116,888.00		0.0%	
01-3820 · Debt Assess-Paid To Trustee	0.00		-107,537.00		107,537.00		0.0%	
01-3830 · Assessment Fees	-8,727.80		-9,362.00		634.20		93.2%	
01-3831 · Assessment Discounts	-8,153.60		-9,362.00		1,208.40		87.1%	
01-9405 · Stormwater Fees	25,112.00		21,261.00		3,851.00		118.1%	
01-9410 · Interest Income (GF)	144.43		0.00		144.43		100.0%	
Total Income	191,922.41		198,718.00		-6,795.59		96.6%	
Expense
01-1308 · Dissemination Agent	
0.00		
51.00		
-51.00		
0.0%	
01-1310 · Engineering	11,257.69		6,570.00		4,687.69		171.3%	
01-1311 · Management Fees	10,528.89		12,635.00		-2,106.11		83.3%	
01-1315 · Legal Fees	3,760.63		10,511.00		-6,750.37		35.8%	
01-1317 · Travel and Per Diem	102.36		131.00		-28.64		78.1%	
01-1318 · Assessment/Tax Roll	0.00		1,314.00		-1,314.00		0.0%	
01-1320 · Audit Fees	1,208.79		5,500.00		-4,291.21		22.0%	
01-1321 · Field Management	4,245.06		5,094.00		-848.94		83.3%	
01-1325 · Supervisor Fees	3,580.00		6,480.00		-2,900.00		55.2%	
01-1326 · Payroll Taxes - Supervisors	273.87		0.00		273.87		100.0%	
01-1327 · Payroll Fees - Supervisors	55.27		0.00		55.27		100.0%	
01-1330 · Arbitrage Rebate Fee	0.00		0.00		0.00		0.0%	
01-1331 · Financial Advisory Fees	11.16		0.00		11.16		100.0%	
01-1332 · Development Coordinator	1,312.17		1,575.00		-262.83		83.3%	
01-1440 · Rents & Leases	9,699.64		3,285.00		6,414.64		295.3%	
01-1450 · Insurance	6,134.00		14,566.00		-8,432.00		42.1%	
01-1480 · Legal Advertisements	524.23		854.00		-329.77		61.4%	
01-1511 · Bank Fees	0.00		88.00		-88.00		0.0%	
01-1512 · Miscellaneous	2,198.91		0.00		2,198.91		100.0%	
01-1513 · Postage and Delivery	144.49		26.00		118.49		555.7%	
01-1514 · Office Supplies	365.91		328.00		37.91		111.6%	
01-1516 · Copies	448.97		131.00		317.97		342.7%	
01-1518 · Web Site	625.00		750.00		-125.00		83.3%	
01-1520 · Security	87.62		1,082.00		-994.38		8.1%	
01-1540 · Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
01-1550 · Trustee Fees (GF)	2,189.29		464.00		1,725.29		471.8%	
01-1606 · BEEP Operations	54,319.49		69,678.00		-15,358.51		78.0%	
01-1743 · Continuing Disclosure Fee	45.09		77.00		-31.91		58.6%	
01-1801 · Landscaping Maintenance	22,121.07		22,421.00		-299.93		98.7%	
01-1802 · Tree/Plant Replacement & Trim	2,238.82		2,319.00		-80.18		96.5%	
01-1805 · Stormwater Management (GF)	1,977.87		155.00		1,822.87		1,276.0%	
01-1807 · Irrigation Parts & Repair	1,056.95		644.00		412.95		164.1%	
01-1808 · Irrigation	3,303.04		3,917.00		-613.96		84.3%	
01-1809 · Field Maintenance	0.00							
01-1810 · Engineering / Inspections	2,342.16		2,577.00		-234.84		90.9%	
01-1812 · Signage & Amenities Repair	3,009.34		258.00		2,751.34		1,166.4%	
01-1813 · Wetland Upland Maintenance	9.66		0.00		9.66		100.0%	
01-1814 · Electricity	1,780.64		1,804.00		-23.36		98.7%	
01-1815 · Miscellaneous Maintenance	44.58		0.00		44.58		100.0%	
01-1816 · Building Maintenance	0.00		7,731.00		-7,731.00		0.0%	
01-1817 · Common Area Maintenance	2,302.27		1,031.00		1,271.27		223.3%	
01-1818 · Fountain Maintenance & Chemical	376.23		773.00		-396.77		48.7%	
01-1822 · Pest Control	55.06		0.00		55.06		100.0%	
01-1825 · Lake Maintenance	4,185.87		6,572.00		-2,386.13		63.7%	
01-1826 · Streetlights	2,702.56		1,160.00		1,542.56		233.0%	
01-1829 · Sidewalk Cleaning	773.12		773.00		0.12		100.0%	
01-1830 · Sidewalk Repair	0.00		1,160.00		-1,160.00		0.0%	
01-1835 · General Reserves	0.00		4,058.00		-4,058.00		0.0%	
Total Expense	161,572.77		198,718.00		-37,145.23		81.3%	
Net Income	30,349.64		0.00		30,349.64		100.0%	

08/29/23	Balance Sheet
Accrual Basis	As of July 31, 2023

Jul 31, 23
ASSETS
Current Assets
Checking/Savings		
01-1000 · Valley National 1246	4,981.66	
Total Checking/Savings	4,981.66	
Other Current Assets		
01-1210 · Due from CDD1	28,943.01	
Total Other Current Assets	28,943.01	
Total Current Assets	33,924.67	
TOTAL ASSETS	33,924.67	
LIABILITIES & EQUITY		
Equity
99-9999 · Retained Earnings	
3,575.03	
Net Income	30,349.64	
Total Equity	33,924.67	
TOTAL LIABILITIES & EQUITY	33,924.67	

08/29/23	Profit & Loss Budget vs. Actual
Accrual Basis	October 2022 through July 2023

	Oct '22 - Jul 23		Budget		$ Over Budget		% of Budget	
Income
01-3100 · Assessments	
191,028.11		
103,859.00		
87,169.11		
183.9%	
01-3830 · Assessment Fees	-12,623.06		-2,188.00		-10,435.06		576.9%	
01-3831 · Assessment Discounts	-11,945.32		-2,188.00		-9,757.32		545.9%	
01-9410 · Interest Income (GF)	123.51		0.00		123.51		100.0%	
Total Income	166,583.24		99,483.00		67,100.24		167.4%	
Expense
01-1310 · Engineering	
6,133.60		
4,636.00		
1,497.60		
132.3%	
01-1311 · Management Fees	5,200.77		8,916.00		-3,715.23		58.3%	
01-1315 · Legal Fees	2,099.68		7,417.00		-5,317.32		28.3%	
01-1317 · Travel and Per Diem	30.87		93.00		-62.13		33.2%	
01-1318 · Assessment/Tax Roll	0.00		927.00		-927.00		0.0%	
01-1320 · Audit Fees	852.98		5,000.00		-4,147.02		17.1%	
01-1325 · Supervisor Fees	3,909.14		6,480.00		-2,570.86		60.3%	
01-1331 · Financial Advisory Fees	0.00		0.00		0.00		0.0%	
01-1440 · Rents & Leases	5,050.40		2,318.00		2,732.40		217.9%	
01-1450 · Insurance	0.00		10,278.00		-10,278.00		0.0%	
01-1480 · Legal Advertisements	342.97		603.00		-260.03		56.9%	
01-1511 · Bank Fees	0.00		62.00		-62.00		0.0%	
01-1512 · Miscellaneous	18.57		0.00		18.57		100.0%	
01-1513 · Postage and Delivery	95.17		19.00		76.17		500.9%	
01-1514 · Office Supplies	163.21		232.00		-68.79		70.3%	
01-1516 · Copies	170.15		93.00		77.15		183.0%	
01-1518 · Web Site	437.50		750.00		-312.50		58.3%	
01-1540 · Dues, License & Subscriptions	0.00		175.00		-175.00		0.0%	
01-1550 · Trustee Fees (GF)	1,544.86		0.00		1,544.86		100.0%	
01-1743 · Continuing Disclosure Fee	0.00		0.00		0.00		0.0%	
01-1820 · TIM Operations	26,944.52		49,168.00		-22,223.48		54.8%	
01-1835 · General Reserves	0.00		2,316.00		-2,316.00		0.0%	
Total Expense	52,994.39		99,483.00		-46,488.61		53.3%	
Net Income	113,588.85		0.00		113,588.85		100.0%	

08/29/23	Balance Sheet
Accrual Basis	As of July 31, 2023

Jul 31, 23
ASSETS
Current Assets
Checking/Savings		
01-1000 · Valley National 1254	4,260.02	
Total Checking/Savings	4,260.02	
Other Current Assets		
01-1210 · Due from CDD1	82,358.14	
Total Other Current Assets	82,358.14	
Total Current Assets	86,618.16	
TOTAL ASSETS	86,618.16	
LIABILITIES & EQUITY		
Equity
99-9999 · Retained Earnings	
-26,970.69	
Net Income	113,588.85	
Total Equity	86,618.16	
TOTAL LIABILITIES & EQUITY	86,618.16	

08/29/23	Profit & Loss Budget vs. Actual
Accrual Basis	October 2022 through July 2023

	Oct '22 - Jul 23		Budget		$ Over Budget		% of Budget	
Income
01-3100 · Assessments	
68,633.53		
69,861.00		
-1,227.47		
98.2%	
01-3830 · Assessment Fees	-1,461.78		-1,568.00		106.22		93.2%	
01-3831 · Assessment Discounts	-1,365.61		-1,568.00		202.39		87.1%	
01-9410 · Interest Income (GF)	116.57		0.00		116.57		100.0%	
Total Income	65,922.71		66,725.00		-802.29		98.8%	
Expense
01-1310 · Engineering	
4,955.50		
2,889.00		
2,066.50		
171.5%	
01-1311 · Management Fees	4,634.69		5,562.00		-927.31		83.3%	
01-1315 · Legal Fees	1,655.38		4,627.00		-2,971.62		35.8%	
01-1317 · Travel and Per Diem	45.05		58.00		-12.95		77.7%	
01-1318 · Assessment/Tax Roll	0.00		578.00		-578.00		0.0%	
01-1320 · Audit Fees	532.09		5,000.00		-4,467.91		10.6%	
01-1325 · Supervisor Fees	3,909.14		6,480.00		-2,570.86		60.3%	
01-1331 · Financial Advisory Fees	4.91		0.00		4.91		100.0%	
01-1440 · Rents & Leases	4,269.67		1,446.00		2,823.67		295.3%	
01-1450 · Insurance	6,134.00		6,412.00		-278.00		95.7%	
01-1480 · Legal Advertisements	230.76		376.00		-145.24		61.4%	
01-1511 · Bank Fees	0.00		39.00		-39.00		0.0%	
01-1512 · Miscellaneous	967.93		0.00		967.93		100.0%	
01-1513 · Postage and Delivery	63.60		12.00		51.60		530.0%	
01-1514 · Office Supplies	161.07		145.00		16.07		111.1%	
01-1516 · Copies	197.63		58.00		139.63		340.7%	
01-1518 · Web Site	625.00		750.00		-125.00		83.3%	
01-1540 · Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
01-1550 · Trustee Fees (GF)	963.70		0.00		963.70		100.0%	
01-1743 · Continuing Disclosure Fee	0.00		0.00		0.00		0.0%	
01-1820 · TIM Operations	23,910.80		30,672.00		-6,761.20		78.0%	
01-1821 · Hydrilla Control	0.00							
01-1835 · General Reserves	0.00		1,446.00		-1,446.00		0.0%	
Total Expense	53,435.92		66,725.00		-13,289.08		80.1%	
Net Income	12,486.79		0.00		12,486.79		100.0%	

08/29/23	Balance Sheet
Accrual Basis	As of July 31, 2023

Jul 31, 23
ASSETS
Current Assets
Checking/Savings		
01-1000 · Valley National 1262	4,020.71	
Total Checking/Savings	4,020.71	
Other Current Assets		
01-1210 · Due from CDD1	-5,096.78	
Total Other Current Assets	-5,096.78	
Total Current Assets	-1,076.07	
TOTAL ASSETS	-1,076.07	
LIABILITIES & EQUITY		
Equity
99-9999 · Retained Earnings	
-13,562.86	
Net Income	12,486.79	
Total Equity	-1,076.07	
TOTAL LIABILITIES & EQUITY	-1,076.07	

08/29/23	Profit & Loss Budget vs. Actual
Accrual Basis	October 2022 through July 2023

	Oct '22 - Jul 23		Budget		$ Over Budget		% of Budget	
Income
01-3100 · Assessments	
325,172.50		
330,987.00		
-5,814.50		
98.2%	
01-3810 · Debt Assessment	0.00		1,057,041.00		-1,057,041.00		0.0%	
01-3820 · Debt Assess-Paid To Trustee	0.00		-972,478.00		972,478.00		0.0%	
01-3830 · Assessment Fees	-46,983.93		-50,398.00		3,414.07		93.2%	
01-3831 · Assessment Discounts	-43,892.85		-50,398.00		6,505.15		87.1%	
01-9405 · Stormwater Fees	45,787.66		38,766.00		7,021.66		118.1%	
01-9410 · Interest Income (GF)	163.55		0.00		163.55		100.0%	
Total Income	280,246.93		353,520.00		-73,273.07		79.3%	
Expense
01-1308 · Dissemination Agent	
0.00		
94.00		
-94.00		
0.0%	
01-1310 · Engineering	20,692.06		12,075.00		8,617.06		171.4%	
01-1311 · Management Fees	19,352.49		23,223.00		-3,870.51		83.3%	
01-1315 · Legal Fees	6,912.18		19,320.00		-12,407.82		35.8%	
01-1317 · Travel and Per Diem	188.14		242.00		-53.86		77.7%	
01-1318 · Assessment/Tax Roll	0.00		2,415.00		-2,415.00		0.0%	
01-1320 · Audit Fees	2,221.81		5,500.00		-3,278.19		40.4%	
01-1325 · Supervisor Fees	3,909.14		6,480.00		-2,570.86		60.3%	
01-1331 · Financial Advisory Fees	20.52		0.00		20.52		100.0%	
01-1332 · Development Coordinator	2,392.52		2,871.00		-478.48		83.3%	
01-1440 · Rents & Leases	17,828.32		6,037.00		11,791.32		295.3%	
01-1450 · Insurance	6,134.00		26,773.00		-20,639.00		22.9%	
01-1480 · Legal Advertisements	963.57		1,570.00		-606.43		61.4%	
01-1511 · Bank Fees	0.00		162.00		-162.00		0.0%	
01-1512 · Miscellaneous	4,041.68		0.00		4,041.68		100.0%	
01-1513 · Postage and Delivery	265.59		48.00		217.59		553.3%	
01-1514 · Office Supplies	672.57		604.00		68.57		111.4%	
01-1515 · Telephone	0.00		0.00		0.00		0.0%	
01-1516 · Copies	825.22		242.00		583.22		341.0%	
01-1518 · Web Site	625.00		750.00		-125.00		83.3%	
01-1520 · Security	159.76		1,974.00		-1,814.24		8.1%	
01-1540 · Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
01-1550 · Trustee Fees (GF)	4,024.01		846.00		3,178.01		475.7%	
01-1743 · Continuing Disclosure Fee	82.23		141.00		-58.77		58.3%	
01-1801 · Landscaping Maintenance	40,334.09		40,881.00		-546.91		98.7%	
01-1802 · Tree/Plant Replacement & Trim	4,082.13		4,229.00		-146.87		96.5%	
01-1805 · Stormwater Management (GF)	3,606.31		282.00		3,324.31		1,278.8%	
01-1806 · Lake Maintenance	7,632.24		11,982.00		-4,349.76		63.7%	
01-1807 · Irrigation Parts & Repair	1,927.18		1,175.00		752.18		164.0%	
01-1808 · Irrigation	6,022.54		7,142.00		-1,119.46		84.3%	
01-1809 · Field Management	7,740.16		9,288.00		-1,547.84		83.3%	
01-1810 · Engineering / Inspections	4,270.53		4,699.00		-428.47		90.9%	
01-1812 · Signage & Amenities Repair	5,487.03		470.00		5,017.03		1,167.5%	
01-1813 · Wetland Upland Maintenance	17.62		0.00		17.62		100.0%	
01-1814 · Electricity	3,246.71		3,289.00		-42.29		98.7%	
01-1815 · Miscellaneous Maintenance	81.29		0.00		81.29		100.0%	
01-1816 · Building Maintenance	0.00		14,097.00		-14,097.00		0.0%	
01-1817 · Common Area Maintenance	4,197.80		1,880.00		2,317.80		223.3%	
01-1818 · Fountain Maintenance & Chemical	686.01		1,410.00		-723.99		48.7%	
01-1822 · Pest Control	100.40							
01-1825 · TIM Operations	99,841.28		128,071.00		-28,229.72		78.0%	
01-1826 · Sidewalk Cleaning	1,409.67		1,410.00		-0.33		100.0%	
01-1827 · Sidewalk Repair	0.00		2,110.00		-2,110.00		0.0%	
01-1828 · Streetlights	4,927.67		2,115.00		2,812.67		233.0%	
01-1835 · General Reserves	0.00		7,448.00		-7,448.00		0.0%	
Total Expense	287,096.47		353,520.00		-66,423.53		81.2%	
Net Income	-6,849.54		0.00		-6,849.54		100.0%	

08/29/23	Balance Sheet
Accrual Basis	As of July 31, 2023

Jul 31, 23
ASSETS
Current Assets
Checking/Savings		
01-1000 · Valley National 1165	5,641.29	
Total Checking/Savings	5,641.29	
Other Current Assets		
01-1210 · Due from CDD1	-76,129.63	
Total Other Current Assets	-76,129.63	
Total Current Assets	-70,488.34	
TOTAL ASSETS	-70,488.34	
LIABILITIES & EQUITY		
Equity
99-9999 · Retained Earnings	
-63,638.80	
Net Income	-6,849.54	
Total Equity	-70,488.34	
TOTAL LIABILITIES & EQUITY	-70,488.34	

08/29/23	Profit & Loss Budget vs. Actual
Accrual Basis	October 2022 through July 2023

Oct '22 - Jul 23	Budget	$ Over Budget	% of Budget
Ordinary Income/Expense Income
01-3300 · Irrigation Revenue	1,604,444.41		1,650,000.00		-45,555.59		97.2%	
01-3820 · Debt Assess-Paid To Trustee	-307,437.50		-368,325.00		60,887.50		83.5%	
01-9400 · Other Income	0.01							
01-9407 · Engineering Revenue Fees	0.00		17,338.00		-17,338.00		0.0%	
01-9410 · Interest Income (GF)	37,802.64		0.00		37,802.64		100.0%	
Total Income	1,334,809.56		1,299,013.00		35,796.56		102.8%	
Gross Profit	1,334,809.56		1,299,013.00		35,796.56		102.8%	
Expense
01-1310 · Engineering	
68,255.09		
40,000.00		
28,255.09		
170.6%	
01-1311 · Management Fees	305,618.60		366,742.00		-61,123.40		83.3%	
01-1314 · Professional Fees - Other	16,225.00		5,000.00		11,225.00		324.5%	
01-1316 · Field Supplies (Other)	0.00		2,000.00		-2,000.00		0.0%	
01-1317 · Travel and Per Diem	36.02		400.00		-363.98		9.0%	
01-1318 · Vehicle, Gas & Repair	0.00		1,000.00		-1,000.00		0.0%	
01-1319 · Water	263.34		170.00		93.34		154.9%	
01-1320 · General Repair & Maintenance	148,896.08		153,000.00		-4,103.92		97.3%	
01-1321 · HVAC	0.00		4,500.00		-4,500.00		0.0%	
01-1322 · Other Utlities	0.00		1,550.00		-1,550.00		0.0%	
01-1324 · Development Coordinator	50,916.60		61,100.00		-10,183.40		83.3%	
01-1332 · Bad Debt	0.00		65,000.00		-65,000.00		0.0%	
01-1335 · City Franchise Fee	157,656.29		109,421.00		48,235.29		144.1%	
01-1450 · Insurance	0.00		21,102.00		-21,102.00		0.0%	
01-1511 · Bank Fees	0.00		1,250.00		-1,250.00		0.0%	
01-1512 · Miscellaneous	3,670.52		0.00		3,670.52		100.0%	
01-1513 · Postage and Delivery	175.27		253.00		-77.73		69.3%	
01-1514 · Office Supplies	90.90		249.00		-158.10		36.5%	
01-1515 · Telephone	0.00		1,930.00		-1,930.00		0.0%	
01-1516 · Copies	502.95		0.00		502.95		100.0%	
01-1540 · Dues, License & Subscriptions	0.00		2,300.00		-2,300.00		0.0%	
01-1550 · Trustee Fees (GF)	0.00		5,000.00		-5,000.00		0.0%	
01-1744 · Lake Maintenance	735.00		0.00		735.00		100.0%	
01-1801 · Landscaping Maintenance	0.00		11,000.00		-11,000.00		0.0%	
01-1808 · Irrigation Maintenance	1,062.82		0.00		1,062.82		100.0%	
01-1814 · Electricity	121,887.10		105,000.00		16,887.10		116.1%	
01-1820 · Contingency	0.00		26,046.00		-26,046.00		0.0%	
01-1825 · Renewal and Replacement	179,995.71		200,000.00		-20,004.29		90.0%	
01-1826 · Other System Improvements	0.00		75,000.00		-75,000.00		0.0%	
01-1827 · Operating Reserves/Misc	0.00		40,000.00		-40,000.00		0.0%	
Total Expense	1,055,987.29		1,299,013.00		-243,025.71		81.3%	
Net Ordinary Income	278,822.27		0.00		278,822.27		100.0%	
Net Income	278,822.27		0.00		278,822.27		100.0%	

08/29/23	Balance Sheet
Accrual Basis	As of July 31, 2023

Jul 31, 23
ASSETS
Current Assets Checking/Savings
01-1001 · Valley National #4703		
01-1002 · Valley Natl #4307 - Capacity	35,872.57	
01-1001 · Valley National #4703 - Other	1,356,712.36	
Total 01-1001 · Valley National #4703	
1,392,584.93	
Total Checking/Savings	1,392,584.93	
Accounts Receivable		
01-1200 · Accounts Receivable	222,983.70	
Total Accounts Receivable	222,983.70	
Other Current Assets		
01-2023 · Due From Other Funds	17,900.21	
Total Other Current Assets	17,900.21	
Total Current Assets	1,633,468.84	
Fixed Assets		
01-2030 · Equipment and Furniture	23,957.00	
Total Fixed Assets	23,957.00	
Other Assets		
01-2025 · Deposits	95.00	
01-2035 · Accum Depr - Equipment	-23,955.18	
Total Other Assets	-23,860.18	
TOTAL ASSETS	1,633,565.66	
LIABILITIES & EQUITY		
Liabilities
Current Liabilities Accounts Payable
01-2020 · Accounts Payable	

62,095.94	
Total Accounts Payable	62,095.94	
Other Current Liabilities		
01-2026 · Deposits - Security Deposit	1,390.22	
01-2027 · Deferred Revenue	10,000.00	
Total Other Current Liabilities	11,390.22	
Total Current Liabilities	73,486.16	
Long Term Liabilities		
11-2180 · Note Payable	93,787.00	
Total Long Term Liabilities	93,787.00	
Total Liabilities	167,273.16	
Equity		
30000 · Net Assets - 270	-87,351.52	
99-9999 · Retained Earnings	1,274,821.75	
Net Income	278,822.27	
Total Equity	1,466,292.50	
TOTAL LIABILITIES & EQUITY	1,633,565.66	

08/29/23	A/R Aging Summary
As of July 31, 2023

	Current		1 - 30		31 - 60		61 - 90		> 90		TOTAL	
706800 Wells Fargo	0.00		32.70		0.00		0.00		0.00		32.70	
Ardie R. Copas, State Veterans Nursing	0.00		1,024.59		0.00		0.00		0.00		1,024.59	
Aycock at Tradition	0.00		204.13		0.00		0.00		0.00		204.13	
Baron Shoppes Tradition, LLC	0.00		190.25		190.25		0.00		240.25		620.75	
Bedford Park	0.00		8,866.57		0.00		0.00		8,866.57		17,733.14	
Brennity at Tradition	0.00		3,051.97		0.00		0.00		0.00		3,051.97	
Cellular Sales of Northern Florida LLC	0.00		0.00		86.41		0.00		0.00		86.41	
Chesterbrook Academy	0.00		134.37		0.00		0.00		0.00		134.37	
Christ Fellowship Church	0.00		1,646.88		0.00		0.00		0.00		1,646.88	
Cleveland Clinic Florida	0.00		443.92		443.92		443.92		6,658.80		7,990.56	
Cleveland Clinic Martin Health -Tradition	0.00		64.80		0.00		0.00		0.00		64.80	
Del Webb at Tradition Homeowners Assoc	0.00		3,519.15		3,519.15		0.00		7,038.30		14,076.60	
Estates at Tradition	0.00		5,763.07		5,763.07		5,763.07		0.00		17,289.21	
Florida International University	0.00		1,091.97		1,091.97		1,091.97		13,103.64		16,379.55	
Grande Palms at Tradition I & II	0.00		879.92		879.92		879.92		0.00		2,639.76	
Grande Palms at Tradition III	0.00		1,708.31		1,708.31		1,708.31		0.00		5,124.93	
Heritage Oaks	0.00		0.00		0.00		0.00		0.00		0.00	
Heritage Oaks at Tradition HOA	0.00		11,857.11		0.00		0.00		0.00		11,857.11	
Heron Preserves	0.00		1,184.18		0.00		0.00		961.53		2,145.71	
Hilton - Homewood Suites, PSL	0.00		346.82		0.00		0.00		0.00		346.82	
Innovo Development Group, LLC	0.00		188.27		188.27		0.00		0.00		376.54	
Kite Realty Group	0.00		2,815.73		0.00		0.00		0.00		2,815.73	
Manderlie at Tradition	0.00		-4,768.84		4,935.87		0.00		0.00		167.03	
Martin Health System	0.00		921.54		921.54		921.54		10,136.94		12,901.56	
O & A Florida Investments, LLC	0.00		52.91		0.00		0.00		0.00		52.91	
Panaderias, LLC	0.00		97.11		0.00		0.00		0.00		97.11	
Panda Restaurant Group Inc	0.00		57.27		57.27		0.00		0.00		114.54	
Pegasus PSL, Ltd	0.00		283.40		283.40		0.00		0.00		566.80	
Promenade at Tradition Community Assoc	0.00		467.40		0.30		0.00		0.00		467.70	
PSL Hospitality, LLP	0.00		253.87		0.00		0.00		0.00		253.87	
RDP II LLC	0.00		0.00		0.00		0.00		88.09		88.09	
Recovery Sports Grill	0.00		75.31		0.00		0.00		0.01		75.32	
Renaissance CS at Tradition	0.00		768.94		0.00		0.00		0.00		768.94	
Seven Restaurants, LLC	0.00		89.18		89.18		89.18		0.00		267.54	
SG Mini Golf	0.00		158.54		0.00		0.00		0.00		158.54	
South Florida Orthopedic	0.00		178.36		0.00		0.00		0.00		178.36	
St Lucie County Fire Dept.	0.00		223.94		223.94		0.00		0.00		447.88	
TH PSL Village Parkway LLC	0.00		89.18		89.18		0.00		0.00		178.36	
The Lakes at Tradition	0.00		16,228.93		584.66		584.63		0.00		17,398.22	
The Preserves Phase I & II	0.00		933.43		933.43		933.43		0.00		2,800.29	
Town Park Master Assoc., Inc.	0.00		26,916.81		0.00		0.00		0.00		26,916.81	
Tradition CDD #1	0.00		13,971.69		0.00		0.00		0.00		13,971.69	
Treasure Coast Physicians Properties, LLC	0.00		6.54		0.00		0.00		0.00		6.54	
Truist Bank	0.00		91.16		91.16		91.16		91.16		364.64	
Victoria Parc	0.00		0.00		0.00		0.00		297.64		297.64	
Victoria Parc 2	0.00		0.00		0.00		0.00		184.10		184.10	
Victoria Parc at Tradition HOA	0.00		6,312.03		0.00		0.00		31,560.15		37,872.18	
Wawa, Inc.	0.00		0.00		0.00		0.00		-95.92		-95.92	
Westcliffe Estates HOA	0.00		120.10		120.10		120.10		480.40		840.70	
TOTAL	0.00		108,543.51		22,201.30		12,627.23		79,611.66		222,983.70