Westside Community Development District

Agenda February 7, 2018

m

)>c:,
z
C
)>

l..J,
j

Westside
Community Development District
135 W. Central Blvd., Suite 320, Orlando, FL 32801
Phone: 407-841-5524 - Fax: 407-839-1526

January 31, 2018

Board of Supervisors Westside Community Development District
Dear Board Members:

The Board of Supervisors of Westside Community Development District will meet Wednesday, February 7, 2018 at 11:00 AM at the Offices of Hanson, Walter & Associates, 8 Broadway Avenue, Suite 104, Kissimmee, FL 34741. Following is the advance agenda for the meeting:
Roll Call
Public Comment Period
Approval of Minutes of the December 6, 2017 Meeting
Consideration of Resolution 2018-05 Supplementing Resolution 2018-02
Staff Reports
Attorney
Engineer
District Manager's Report
1. Approval of Check Register
Balance Sheet and Income Statement
Discussion of Direct Bill Status
Presentation of Arbitrage Rebate Calculation Reports
Supervisor's Requests
Adjournment

The second order of business is the Public Comment Period where the public has an opportunity to be heard on propositions coming before the Board as reflected on the agenda, and any other items.

The third order of business is the approval of the minutes of the December 6, 2017. The minutes have been enclosed for your review.

The fourth order of business is the consideration of Resolution 2018-05  Supplemental  Resolution 2018-02 changing the series designation of the Special Assessment Revenue Bonds.  A copy of the Resolution is enclosed for your review.

The fifth order of business is the Staff Reports. Section C is the District Manager's Report. Section 1 includes the check register for approval and Section 2 includes the balance sheet and income statement for review. Section 2 is the discussion of the direct bill status. A copy of the summary is enclosed for your review. Section 4 is the presentation of the arbitrage rebate calculation reports. A copy of the reports for the Series 2005 & 2007 bonds are enclosed for your review.

The balance of the agenda will be discussed at the meeting. In the meantime, if you have any questions, please contact me.

Sincerely,

�<7;·M�.Showe District Manager
CC:	Jan Carpenter, District Counsel Santiago Machado, District Engineer Darrin Mossing, GMS

Enclosures

;. -

s:

-

z
c::
....	m-=i
(/)

MINUTES OF MEETING
WESTSIDE COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Westside Community Development District was held Wednesday, December 6, 2017 at 11:00 a.m. at the offices of Hanson Walter & Associates, 8 Broadway Avenue, Suite 104, Kissimmee, Florida.

Present and constituting a quorum were:
Drew Abel Mike Dady Scott Stewart
Also present were:
Jason Showe Andrew d'Adesky Santiago Machado Brian Smith
Nate Eckloff

FIRST ORDER OF BUSINESS
Mr. Showe called the meeting to order.

SECOND ORDER OF BUSINESS

Chairman Assistant Secretary Assistant Secretary

District Manager District Counsel District Engineer Field Manager
RBC Capital Markets

Roll Call

Public Comment Period

There being none, the next item followed.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the November 1,
2017 Meeting

On MOTION by Mr. Abel seconded by Mr. Dady with all in favor the minutes of the November 1, 2017 meeting were approved as presented.

FOURTH ORDER OF BUSINESS	Consideration	of	Resolution	2018-03
Declaring the Series 2005 Project Complete

December 6, 2017	Westside Community Development District

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2018-04
Declaring the Series 2007 Project Complete
Mr. Showe stated next we have two resolutions, Resolution 2018-03 declaring the Series
2005 project complete and 2018-04 declaring the Series 2007 project complete.
Mr. d'Adesky stated these two resolutions are clean-up items. We tried to do them in the past and the work wasn't complete. This is a requirement of the Master Trust Indenture to certify each project complete after it is actually completed. The District Engineer executed his completion certificate. The last item that was pending was the irrigation connection.
Mr. Machado stated I checked in with the contractor again and he said he is working on it this week.
Mr. Dady asked is the resolution pending the Chairman's discretion upon completion?
Mr. Machado stated it is materially complete but for this part, which is expected to be completed-within the next week.
Mr. Dady stated we have waited several years for completion of that item and a lot of time, effort and money went into it and I would like to see it completed before we judge the project completed. Can we conditionally approve it as suggested by the Chairman so that upon the work being certified by the Engineer, it can then be signed?
Mr. Machado stated he told me this week, but this issue has been dragging on. Mr. Stewart asked is there a hurry to do this?
Mr. d'Adesky stated we were trying to clean it up prior to the issuance of 2018 bonds. The timeline is such that it should be complete. We did it based on the timing of the meeting, we didn't want to call a special meeting.
Mr. Abel stated we might have a month buffer.
Mr. Dady stated I don't want to get in the way ofpricing your bonds so a phone call from staffdescribing the issue would have been helpful.
Mr. d' Adesky stated you could approve it conditional upon finishing the project for the Chair to execute upon certification that it is fully complete.

On MOTION by Mr. Abel seconded by Mr. Dady with all in favor Resolution 2018-03 was approved and the Chairman authorized to execute and Resolution 2018-04 was approved subject to the Engineer certifying the Toho irrigation connection complete prior to execution by the Chairman.

2

December 6, 2017

SIXTH ORDER OF BUSINESS
Attorney

Westside Community Development District

Staff Reports

Mr. Eckloff stated we are looking to price the bonds in January given what is going on in the market right now. There are billions of dollars coming to market this month because of tax legislation. A large number of issuers are scrambling to get into the market, there was over $18 billion in the market last week and supposedly $20 billion or more this week and there will be more again next week.
Mr. Abel asked is it capital ready to put on bonds or is it bonds ready to be sold?
Mr. Eckloff stated these are bonds just getting into the market. Because of the tax legislation certain issuers won't be able to issue or may not be able to issue tax exempt bonds beyond December 31st_   You  have  many agencies that issue private activity bonds that are scrambling to get issues into the market to beat that December 31st deadline.
Mr. Dady asked could you explain a little further? Does tli.e new tax legislation prevent tax exempt municipal bonds from being sold?
Mr. Eckloff stated certain types of tax exempt municipal bonds. Advance refundings go away at the end of this year, that is both in the house and senate version and the expectation is that won't change. Advance refundings meaning the ability to refinance bonds in advance of the call date will no longer be an opportunity you will have to wait until the call date of the bonds before they can be refinanced. You basically had one other bite ofthe apple under the old rule so that one bite will go away now. They are threatening to take away certain types of private activity bonds so bonds for housing agencies, single and multi-family housing for example for airports, a number of different types, stadiums will go away. A fair number of those will go away at the end of December as well. I know they are in conference and they will try to put the two measures together. The senate version is a little more liberal in terms of issuance than the house version so the senate version for example I believe preserves private activity bonds or certain types of private activity bonds but people still don't know the outcome of that. As a result of these impositions being put into the tax exempt municipal market to the extent they have the capability of doing so and the ability to get the authorizations necessary are rushing into the market to try to get their bonds issued or at least positioned in a way because they may be doing forward type transactions, something that would essentially preserve the tax-exempt status

3

December 6, 2017	Westside Community Development District

and then be able to issue early in the next year so there are billions of dollars coming into the market right now.
Mr. Abel asked is that driving rates up or down?
Mr. Eckloff responded interestingly enough we are looking at a smaller bank qualified transaction near Polk City and rates have gone down for the bank qualified issues. The larger issues the market has hung in there in spite of the volume. We are pricing a transaction this week of $150 million in Oklahoma for the transportation authority and we have another $400 million refunding that is going to get done by the end of the month.
Mr. Abel are we at risk on what we are planning to issue, the $3.6 million? Is there any risk on our side?
Mr. Eckloff stated there is nothing in the legislation suggesting it will go away. Unless
they were to totally take away tax exemption, which has not been threatened at this point you are fine.
Mr. Stewart asked what do you think the rates are going to be in January?
Mr. Eckloff stated you are probably going to look at something in the 5's. It should be well received. Our expectation is to put the PLOM out in the market the very first week in January give the investors a couple of weeks to peruse through that and have the credit analyst go through that and it is possible we may have one or two people that may want to come view the site and if so we will arrange some kind of tour of the project. It shows really well. We expect to sell by mid-January and close by the end ofthe month.

Engineer
There being none, the next item followed.

Manager
Approval of Check Register
Mr. Showe stated the next item is the approval of the check register for the General Fund in the amount of $89,955.73.

On MOTION by Mr. Abel seconded by Mr. Dady with all in favor the check register was approved.

4

December 6, 2017	Westside Community Development District

Balance Sheet and Income Statement
A copy of the balance sheet and income statement were included in the agenda package.

Discussion of Direct Bill Status
A copy of the direct bill status was included in the agenda package.

SEVENTH ORDER OF BUSINESS
There being none,

Supervisor's Requests

On MOTION by Mr. Dady seconded by Mr. Abel with all in favor the meeting adjourned at 11:20 a.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

5

-

en m 0
-4	I

z

0
-<

RESOLUTION 2018-05
A RESOLUTION OF WESTSIDE COMMUNITY DEVELOPMENT DISTRICT SUPPLEMENTING ITS RESOLUTION 2018-02 BY CHANGING THE SERIES DESIGNATION OF THE SPECIAL ASSESSMENT REVENUE BONDS AUTHORIZED BY SAID RESOLUTION 2018-02; PROVIDING FOR SEVERABILITY AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Board of Supervisors of Westside Community Development District (the "District") on November 1, 2017 adopted District Resolution 2018-02 (the "Initial Resolution") which Initial Resolution among other matters authorized the issuance by the District of its Special Assessment Revenue Bonds, Series 2017 (Solara Phase 1 Assessment Area) (the "Bonds"); and
WHEREAS, because the Bonds will be issued in calendar year 2018 it is appropriate to change the series designation of the Bonds from Series 2017 to Series 2018.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF WESTSIDE COMMUNITY DEVELOPMENT DISTRICT, as follows:
SECTION 1. Supplement. All references in the Initial Resolution to the Bonds as Series 2017 or as the 2017 Bonds are amended to Series 2018 or 2018 Bonds as applicable.
SECTION 2. Inconsistent Resolutions and Motions. All prior resolutions of the District inconsistent with the provisions of this Resolution are hereby modified, supplemented and amended to conform with the provisions herein contained and, except as so modified, supplemented and amended hereby, shall remain in full force and effect.
SECTION 3. Severability. If any section, paragraph, clause or prov1s1on 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 ofsuch section, paragraph, clause or provision.
SECTION 4. Effective Date. This Resolution shall become effective immediately upon its adoption.

43849078;1

ADOPTED this ih  day of February, 2018.
WESTSIDE COMMUNITY DEVELOPMENT DISTRICT

[SEAL]
Attest:

By:_	 		 	 Its: ChairmanNice Chairman, Board of Supervisors

By:	 		_ Its: Secretary

2
43849078;1

en m 0
)	:d
0z
<

()

j

Westside
Community Development District

Summary of Check Register
November 29, 2017 to January 30, 2018

	Fund	Date	CheckNo.'s	Amount	
General		12/01/17	1299	$	15.50	
		12/07/17	1300-1301	$	49,099.43	
		12/08/17	1302	$	5,016.98	
		12/13/17	1203-1309	$	46,713.11	
		12/20/17	1310-1311	$	296,001.56	
		12/22/17	1312-1314	$	2,518.47	
		01/03/18	1315-1316	$	24,840.11	
		01/05/18	1317	$	500,000.00	
		01/10/18	1318	$	4,981.86	
		01/19/18	1319-1324	$	10,249.09	
		01/28/18	1325-1326	$	23,914.90	
				
$	963,351.01	
Payroll		December 2017			
		Michael D Dady	50229	$	184.70	
		Scott D Stewart	50230	$	183.87	
				$	368.57	
				$	963,719.ss I	

WESTSIDE  COD  -  GENERAL  FUND

A*P*3*00CRHECK  DATES  11/29/2017  -  01/30/201Y8EA*R*-*TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER  CHECK  REGISTER	RUN	1/30/18	PAGE	1

#

BANK  A  WESTSIDE  CDD

CHDAETCEK    VEND#    •..DA.T.IENVOINCVE•OI.C•E•.  ..Y•REMXOPENDPSTEDATCCOT.#..SUB	SUBCLASS  VENDOR  NAME	STATUS

AMOUNT

•AM..OU.NCTHECK•••••

12/01/17  00006    11/14/17  59D9E2L9I6V9E8RY2101/771/117310-51300-42000
- -  - -  - -  -  -  -  - -  -  - - - -  - - -  - - - - - - -  -FE-DEX
12/07/17  00016    12/04/17  12F0Y412801D7EBT20A1S7M1N2T-3D0S0-2007500-10000

- - - - - - - - - - -
COD C/0 USBANK

*	15.50

*

- - - - - - - - - -
21,969.33

15.50 001299

- -  - -  - -  -  -  -  -  -  -  - - - - - - - -  -  - - - - - -WE-STSIDE
12/07/17  00016	12/04/17  12F0Y412801D7EBT20A1S7MN12T-3D0S0-2007700-10000

- - - - - - - - - - -	*

- - - - -  - -  -  -  - 2-1,-96-9.-3-3  001300 27,130.10

-  -  - - - - - - - - - -  -  - - - - - - - - -  - -  - - -WE-STSIDE
12/08/17  00001    12/01/17  2M8A0NAGEMEN2T017FE1E2S3D1E0C-1571300-34000
12/01/17  280	201712 310-51300-35100
12/01/17  2I8N0FO  TECH20N1OL7O1G2Y3D1E0C-1571300-51000
12/01/17  28OF0FICE  SU2P0P1L7I1E2S310-51300-42000
12/01/17  2P8O0STAGE  201712  310-51300-42500
12/01/17  28C1OPIES    201712  320-53800-49000

C-OD- C-/0-

U-S-BAN-K-  - -  - -  - - -

- - - - - - - - - -
*	3,315.33
*	83.33
*	10.48
*	6.67
*	54.00
*	1,547.17

2-7,-13-0.-10-

001301

- - - - - - -

FIE-LD  MANAGEMENT-DE-C1-7- -  -GO-VERNMENTAL  MANAGEMENT  SERVICES

-  - -  - -  -  -  - -  - -5,-01-6.-98-

001302

-  - - - -  - -	- - - - - -

*	600.00

12/13/17  00056    11/30/17  92ST8O4RMWAT2E0R17P1ON1D32M0T-N53N8O0V01-746400
-  -  - -  - -  -  -  -  -  -  -  -  -  -  - - -  -  -  - -  -  -  -  -  -AQ-UATIC  WEED  MANAGEMENT,  INC.
12/13/17  00006    12/05/17  6-D0E1L4I-V6E7RY2011/1219/13710-51300-42000

- - - - - - - - - -
*	84.20

600.00 001303

- - - - - - - - - - - - - - - - - - - - - - - - - - -FE-DEX
12/13/17  00022    12/06/17  2C6O1D70M5EETI20N1G711  310-51300-31100

- - - - - - - - - - - -
*	190.00

8-4.-20-  001304

- - -  - - - - - - - - -  -  -  -  -  -  -  -  -  -  -  - -  - -  -HA-NSON,  WALTER  &  ASSOCIATES,  INC.

- - - - -

12/13/17  00029    12/08/17  78955	201711 310-51300-31500

- - - - - - - - - -  -  -19-0.-00-
*	2,095.85

001305

- - - - - - - - - - - - -

E-T/-CE-RT-OF-CO-MP-LETE/RESOL

-LA-THAM,SHUKER,EDEN  &  BEAUDINE,  LLP

*	- - - - - -  - - - -  -2,-09-5.-85-

001306

12/13/17  00016    12/05/17  12FY0152801A7SM2N0T17G1O2LD3E0N0-C2A0Y700-10000
WESTSIDE COD C/0 USBANK
WEST WESTSIDE BPEREGRINO

26,320.00

26,320.00 001307

BANK A WESTSIDE COD

A*P*3*00CRHECK  DATES  11/29/2017  -  01/30/201Y8EA*R*-*TO-DATEWAECSCTOSUINDTESCOPADYA-BLGENPERAPLAIFDU/NCDOMPUTER  CHECK  REGISTER	RUN	1/30/18

PAGE	2

CHDEACTKE    VEND#    ..D••A•TIENVOIICNVE•O•I.C.E•   • •Y•RMEOXPENDSPETDACTCO.T.#.SUB    SUBCLASS  VENDOR  NAME	STATUS 12/13/17  00016    12/05/17  1F2Y0158201AS7M2NT017G1O2LDE3N00C-2AY0700-10000		*
- - - - - - - - - - - - - - - - - - - - - - - - - - -WE-STSIDE COD C/0 USBANK
12/13/17  00039    12/01/17  19L2AN57D6SCAP2E0M1A7I1N2T3D2E0C-5137800-46200	*
-  -  - -  - - - - - - - -  - -  - -  - - -  - - - - - - - -YE-LLOWSTONE  LANDSCAPE
12/20/17  00016    12/19/17  1F2Y119820D17EBT20A1S7MN12T30-0-D2S027005-10000	*
-  - - -  - -  -  -  - - - - -  -  -  -  - - - -  -  - - -  - -  -WE-STSIDE  COD  C/0  USBANK
12/20/17  00016	12/19/17  12F1Y918201D7EBT20A1S7MN12T30-0-O2S0720007-10000	*
-  -  - -  -  - - - - -  -  -  -  -  -  -  -  -  -  -  -  - - - - - -WE-STSIDE  COD  C/0  USBANK
12/22/17  00056    12/20/17  9S3T53ORMWAT2E0R17PO1N2D3M2T0-N5D3E8C0017-46400	*
-  - - -  - - - - - - -  - -  -  -  -  - - - - -  -  -  -  -  -  -AQ-UATIC  WEED  MANAGEMENT,  INC.
12/22/17  00001    12/13/17  28SI2GN  MAI2N0T1/7T1R2EE3R2E0M-O5V3A8L00-49100	*
12/13/17  2C8A3LABRIA-2S0D1W7L12K  P3R2E0S-S53W80A0SH-49100	*
-  - -  -  - -  - - -  - -  -  -  -  - -  -  - - - - - -  -  -  -  -GO-VERNMENTAL  MANAGEMENT  SERVICES
12/22/17  00039    11/30/17  19I1N6ST6A3LL  2AN0N1U7A1L1  3F2L0OW-5E3R8S00-46000	*
YELLOWSTONE  LANDSC-AP-E- - -  -  - - - - -

AMOUNT 10,315.56
7,107.50

132,129.92

163,871.64

600.00

457.73
527.26

933.48

A•M.O•U•NCTHECK•••#•• 10,315.56  001308
7,107.50 001309

132,129.92 001310

163,871.64 001311

600.00 001312

984.99 001313

933.48 001314

1/03/18 00016

1/03/18 00016

1/05/18 00065

1/02/18  0F1Y012820D1E8BT201A8SMN01T3S00--2D0S720005-10000
-  -  -  -  -  -  -  -  -  -  -  - - - - - - -WE-STSIDE
1/02/18  0F1Y0128201D8EBT20A1S8M0N1TS3-0D0S-220070070-10000
WESTSIDE
1/03/18  0E1X0C32E0SS18FU2N0D18T01RAN3S0F0E-R15100-10300

*
COD  C/0  U-SB-AN-K- -  -  - -  -  - -
*
CDD C/0 USBANK- - - - - -
*

11,088.19

13,751.92

500,000.00

11,088.19 001315

13,751.92 001316

1/10/18 00001

- -  - - - - - - -  -  -  - - - - - -  -WE-STSIDE  COD  C/0  STATE  B-OA-RD- 1/02/18  284	201801 310-51300-34000

MANAGEMENT FEES JAN18

1/02/18  284	201801 310-51300-35100
INFO TECHNOLOGY JAN18

AD-

M-IN-
*
*

3,315.33
83.33

500,000.00 001317

WEST  WESTSIDE  BPEREGRINO

A*P**30C0RHECK  DATES  11/29/2017

YEA*R*-*TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER  CHECK  REGISTER	RUN     1/30/18	PAGE	3

- 01/30/2018

WESTSIDE CDD - GENERAL FUND BANK A WESTSIDE CDD

CHECK     VEND#     .••..INVOICE•.••.  ...EXPENSED  TO...	VENDOR  NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS

STATUS

AMOUNT

•A•M.O.UNCTHECK•••••

1/02/18

284

201801 310-51300-51000

*	.30

#

1/02/18

OFFICE SUPPLIES

1/02/18

284
POSTAGE 284
COPIES

201801  310-51300-42000
201801  310-51300-42500

*	4.70
*	10.35

1/02/18  284	201801 310-51300-41000

*	6.54

1/02/18
1/02/18

TELEPHONE
285	201801 320-53800-49000
FIELD MANAGEMENT JAN18
285	201801 320-53800-49100
PRESSURE WASHING SUPPLIES	GOVERNMENTAL MANAGEMENT SERVICES

*	1,547.17
*	14.14
- - - -  -  - - - - - -4,-98-1.-86-

001318

1/19/18 00034

1/11/18  3965-01-  201801 310-51300-31200
ARBITRAGE - SERIES 2005 1/11/18  3966-01-  201801 310-51300-31200

*	450.00
*	450.00

-	AMTEC

- - - -

ARBITRAGE - SERIES 2007
- - - - - - - - - - - - - -

- - - - - - - - - -

900.00 001319

1/19/18 00022

1/09/18 262115	201712 310-51300-31100

*	95.00

- - - - - - - - - - - - - - -

- - - -

CDD MEETING	HANSON, WALTER & ASSOCIATES, INC.

- - - - - - - - - - - -

95.00 001320

1/19/18 00029

1/16/18 79378	201712 310-51300-31500

*	525.50

- - - - - - - - - - - - - - - - -

- -	MEET/EASEMENTS/ROW DEDICA LATHAM,SHUKER,EDEN & BEAUDINE, LLP

*	- - -  -  -  -  - - - - - -52-5.-50- 001321

1/19/18 00067

1/18/18 01182018 201801 300-13100-10400
MAINTENANCE BOND INSP FEE TOHO WATER AUTHORITY

1,388.10
1,388.10 001322

1/19/18 00067

- - - - - - - - - - - - - - - - - - -
1/18/18 01182018 201801 300-13100-10400
MAINT BOND-WESTSIDE PHS 2 TOHO WATER AUTHORITY

- - - - - - - - - - - - - - -
*	6,940.49
- - - - - - - - -  -  -6,-94-0.-49-

001323

1/19/18  00039   12/31/17 195658	201712 320-53800-46000	*	400.00

RMV MAGNOLIA ON MEDIAN

YELLOWSTONE LANDSCAPE

-  -  -  -  -  -  -  -  -  - - -40-0.-00- 001324

1/28/18 00016

1/28/18 00016

1/28/18 01282018  201801 300-20700-10000

- - - - - - - - -

- - - - -FY1-8-DE-BT- -ASMNTS  DS  2005	WESTSIDE  CDD  C/0  USBANK 1/28/18 01282018 201801 300-20700-10000
FY18  DEBT  ASMNT DS  2007	WESTSIDE CDD C/0 USBANK
TOTAL FOR BANK A WEST WESTSIDE BPEREGRINO

*	10,675.19
- - -  -  -  - - - - -  1-0,-67-5.-19-  001325
*	13,239.71
13,239.71 001326

963,351.01

A*P*3*00R	YEA*R*-*TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER  CHECK  REGISTER

RUN	1/30/18

PAGE	4

CHECK DATES 11/29 /2017 - 01 /30/2018

WESTSIDE COD - GENERAL FUND BANK A WESTSIDE CDD

CHECK    VEND#    .. • ..INVOICE.••••   , •.EXPENSED  TO...	VENDOR  NAME DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB SUBCLASS

STATUS

AMOUNT

.. . .CHECK.... .
AMOUNT	#

TOTAL FOR REGISTER	963, 351.01

WEST  WESTSIDE BPEREGRINO

Westside
Community Development District
Unaudited Financial Reporting December 31, 2017

Ta ble of Contents

 	Balance Sheet 

 	General Fund Income Statement

 	Series 2005 Debt Service Fund Income Statement

Series 2007 Debt Service Fund Income Statement

Capital Projects Fund Income Statement

Capital Reserve Fund

 	Month to Month 

 	Long Term Debt Summary 

9-10	Assessment  Receipt Schedule

WESTSIDE CDD
COMMUNITY DEVELOPMENT DISTRICT COMBINED BALANCE SHEET
December 31, 2017

ASSETS

CAPITAL	CAPITAL
DEBT SERVICE	DEBT SERVICE	PROJECTS	PROJECTS	CAPITAL
GENERAL	SERIES 2005	SERIES 2007	 SERIES 2005	SERIES 2007	 	RESERVE		TOTALS

393

CASH	$	1,077,935	$	$	$	$	27,037	$	5,001	$	1,109,972 INVESTMENTS
CONSTRUCTION FUND	393

TOTAL LIABILITIES	25,861	3,232,090	3,653,620	6,911,571

FUND BALANCES

393

RESTRICTED FOR DEBT SERVICE	$	$	602,079	$	(1,473,753)	$	$	$	$	(871,674)
RESTRICTED FOR CAPITAL PROJECTS	27,037	154,252	181,682
UNASSIGNED	1,057,098	1,057,098

TOTAL FUND BALANCES	1,057,098	602,079	(1,473,7531	393	27,037	154,252	367,106	
TOTAL LIABILITIES & FUND BALANCES	$	1,082,958	$	3,834,169	$	2,179,867	$	$	27,037	$	154,252	$	7,278,677	

REVENUES:

Maintenance Assessments-On Roll Maintenance Assessments-Off Roll Interest Income
TOTAL REVENUES
EXPENDITURES: ADMINISTRATIVE
Supervisor Fees FICA Expense Engineering Fees Legal Services Arbitrage Management Fees
I nformation Technology Dissemination
Trustee
Assessment Roll Services Auditing Services Telephone
Postage and Freight Insurance - General Liability Printing and Binding
Legal Advertising
Miscellaneous Services Office Supplies Property Appraiser's Fee Property Taxes
Dues, Licenses, Subscriptions

WESTSIDE CDD COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND
STATEMENT OF REVENUES & EXPENDITURES
For The Period Ending December 31, 2017
Adopted	Prorated Budget
Budget	Thru 12/31/17

$463,547
$200	$283,792	$314,221
$101	$30,429
$51	
$681,930	$443,613	$474,093	$30,480 I	
$12,000	$3,000	$800	$2,200	

$218,183	$159,770

$50

$918	$230
$10,500	$2,625
$40,000	$10,000
$1,200	$0
$39,784	$9,946
$1,000	$250
$6,000	$6,000
$6,000	$0

$3,975

$5,000	$5,000
$0
$100	$25
$2,250	$563
$8,600	$8,600
$2,000	$500
$1,500
$1,250	$313
$400	$100
$600	$600

$175

$10	$10

Settlement Agreement Payments	$53,750	$53,750	$53,750	$0	
TOTAL ADMINISTRATIVE	$197,012	$102,060	$89,109	s12,951 1	
OPERATIONS AND MAINTENANCE
Landscape Maintenance	
$87,855	
$21,964	
$21,323	
$641	
Irrigation Repairs	$15,000
Plant Replacement	$30,000
Electric	$1,500	$3,750
$7,500
$375	$0	$3,750
$1,333	$6,167
$171	$204	
Streetlighting	$55,000
Irrigation Water	$60,000
Property Insurance	$1,100	$13,750
$15,000
$1,100	$12,947	$803
$10,466	$4,534
$923	$177	
Field Management
Lake & Wetland Maintenance	$18,566
$22,800	$4,641
$5,700	$4,642
$1,800	($0)
$3,900	

$175

Actual
Thru 12/31/17	Variance

$159,770	$0

$61	$168

$5,919

$475	$2,150
$4,081
$0	$0
$9,946	($0)
$250
$6,000
$0
$5,000	$0
$0	$0
$11
$459	$103
$7,736	$864

$375

$200	$300
$0
$131	$181
$71
$0	$600
$6
$175	$0

Misc. Contingency Stormwater/Lake Repair Transfer Out
TOTAL OPERATION AND MAINTENANCE TOTAL EXPENDITURES

$30,000	$7,500
$15,000	$3,750
$148,098	$0
$484,918	$85,030
$681,930

$1,137	$6,363
$0	$3,750
$0	$0
$54,741	$30,289 I
$143,850

EXCESS OF REVENUES OVER (UNDER) EXPENDITURES	$0	$330,243

FUND BALANCE, BEGINNING FUND BALANCE, ENDING

$0	$726,855
$1,057,098

2

WESTSIDE COD
COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE SERIES 2005
STATEMENT OF REVENUES & EXPENDITURES
For The Period Ending December 31, 2017

REVENUE
Assessments-On Roll Assessments-Off Roll Assessments-Accelerated Other Debt Service Funds Interest
TOTAL REVENUE EXPENDITURES
Interest - 11/1
Interest - 5/1 Principal - 5/1
TOTAL EXPENDITURES OTHER FINANCING SOURCES
Other Debt Service Cost Transfer In (Out)
TOTAL OTHER FINANCING SOURCES (USES)

Adopted	Prorated Budget
Budget	Thru 12/31/17

$276,643	$167,212
$163,560	$68,620
$774,584	$0
$11,442	$2,860
$0
$1,226,228	$238,692

$410,614	$410,614
$410,614	$0
$405,000	$0
$1,226,228	$410,614

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

Actual
Thru 12/31/17	Variance

$167,212	$0
$26,320	($42,300)
$0	$0
$0	($2,860)
$6,327	$6,327
$199,859	($38,834)1

$474,459	($63,845)
$0	$0
$0	$0
$474,459	($63,845)1

($152,829)	($152,829)
$5,220	$5,220 ($147,609)

EXCESS OF REVENUES OVER (UNDER) EXPENDITURES	$0
FUND BALANCE, BEGINNING	$0
FUND BALANCE, ENDING	$0

3

($422,209)
$1,024,288
$602,079

WESTSIDE COD
COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE SERIES 2007
STATEMENT OF REVENUES & EXPENDITURES
For The Period Ending December 31, 2017 

REVENUE
Assessments - On Roll Assessments - Off Roll Assessments - Accelerated Other Debt Service Funds
Bondholder Contributions Land Sale Proceeds Interest
Transfer In SPE

TOTAL REVENUE EXPENDITURES
Interest - 11/1
Interest - 5/1
Principal - 5/1
TOTAL EXPENDITURES OTHER FINANCING SOURCES
Other Debt Service Cost
Transfer (Out)/ln

TOTAL OTHER FINANCING SOURCES (USES)

Adopted	Prorated Budget
Budget	Thru 12/31/17

$346,860	$207,381
$59,897	$24,791
$1,020,603	$0
$8,600	$2,150
$0	$0
$0	$0
$0
$0	$0
$1,435,960	$234,322

$555,480	$555,480
$555,480	$0
$325,000	$0
$1,435,960	$555,480

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

Actual
Thru 12/31/17	Variance

($14,475)

$207,381	$0
$10,316
$0	$0
$0	($2,150)
$0	$0
$0	$0
$3,486	$3,486
$0
$221,183	($13,139)1

$580,860	($25,380)
$0	$0
$0	$0
$580,860	($25,380)1

($124,132)	($124,132)
($5,220)	($5,220)
!$129,352)

EXCESS OF REVENUES OVER (UNDER) EXPENDITURES	$0

FUND BALANCE, BEGINNING	$0
FUND BALANCE, ENDING	$0

4

($489,029) ($984,724)
!Sl,473,753)

WESTSIDE CDD COMMUNITY DEVELOPMENT DISTRICT CAPITAL PROJECTS SERIES 2005 & 2007 STATEMENT OF REVENUES & EXPENDITURES
For The Period Ending December 31, 2017

REVENUE

Interest    TOTAL REVENUE EXPENDITURES
Bank Fees
TOTAL EXPENDITURES OTHER FINANCING SOURCES

Series
2005

$1
$1

$0
$0

Series
2007	Total

$3

$3 I

$75
$75 1

$75

Transfer In

$0	$0	$0

TOTAL OTHER FINANCING SOURCES (USES)	$0
EXCESS OF REVENUES OVER (UNDER) EXPENDITURES	$1

$393

FUND BALANCE, BEGINNING	$392
FUND BALANCE, ENDING

$0	$0 I
($72)
$27,109	$27,502 !
$27,037	$21,430 1

5

WESTSIDE COD
COMMUNITY DEVELOPMENT DISTRICT CAPITAL RESERVE FUND
STATEMENT OF REVENUES & EXPENDITURES
For The Period Ending December 31, 2017

REVENUE
Transfer In Interest
TOTAL REVENUE EXPENDITURES
Capital Outlay
TOTAL EXPENDITURES

Proposed	Prorated Budget
Budget	Thru 12/31/17

$148,098	$0
$0	$0
$148,098	$0

$0	$0
$0	$0

Actual
Thru 12/31/17	Variance

$0	$0
$521	$521
$521	$521 1

$0	$0
$0	$0

EXCESS OF REVENUES OVER (UNDER) EXPENDITURES	$148,098
FUND BALANCE, BEGINNING	$148,703
FUND BALANCE, ENDING	$296,800

6

$521
$153,731
$154,252

WESTSIDE CDD
COMMUNITY DEVELOPMENT DISTRICT
Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	�t	Total

REVENUE

Maintenance Assessments-On Roll	$0	$22,926	$136,844	$0	$0	$0	$0	so	$0	$0
Maintenance Assessments- Off Roll	$24,257	$11,027	$278,937	$0	$0	$0	$0	$0	$0

$0	$159,770
$0	$0	$314,221

Interest Income	$30	$28

so	$0	$0	$0	$0	$0	$0

$0	s101

Miscellaneous Re1Jenue

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

so	$0	$0	$0

TOTAL REVENUE	I	$24,287	$33,981	$415,824	so
EXPENDITURES

$0	$0

$0	$0	$0	$0	$474,093 1

ADMINISTRATIVE
Supervisor Fees	S400

$400	$0	$0	$0	$0	$0	$0	$0	$0	$0	$800

Flea Expense	S31	$0	S31	$0	$0	$0	$0	$0	$0	$0	$61
Engineering Fees	$190	$190	$0	$0	$0	$0	$0	$0	$0	$0	$0
Legal Fees	Sl,459	$2,096	$526	$0	$0	$0	$0	so	$0	$0	$0	$0

$3,315
$83

$9,946

Arbitrage	so	$0	$0	$0	so	so	so	so	so	so	so	$0	$0

Management Fees	S3,315

$0	$0	$0

so	$0

Information Technology

$0	$0	$0

$0	$0	$0

$0	$250

Dissemination	$6,000	$0	$0	so	$0	$0	$0	so	so	$0	$0	$0	$6,000

Trustee

$0	$0	so	so	so	$0	$0	so	so	$0	$0	$0

Assessment Roll Services

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

$0	$0	$5,000

Auditing Services	$0	$0	so

$0	$0

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

$459

Telephone	$11	$0	$0	$0	$0	so	so	$0	$0	$0	$0	$0	$11
Postage and Freight	S329	$124	$0	$0	$0	so	$0	so	$0	$0

Insurance - General liability	$7,736	$0	$0	$0	$0	$0

$0	$0	$0	$0

$7,736

Printing and Binding	S69	S77	S54

so	so	$0

so	$0

so	$200

legal Advertising	$0	$0	so	$0	$0	$0	$0	$0	$0	so	$0	$0	$0

Miscellaneous SeNlces	$42	$45

$0	$0

$0	$0	$0	$0	so	$131

Office Supplles	$1	$18	$10	so	$0	$0	$0	$0	$0	so	$0	$0
Property Appraiser's Fee	$0	$0	$0	$0	$0	$0	$0	$0	so	so	$0	$0

$175

Property Taxes	so	$0	so	so	$0	$0	$0	so	so	so	$0

Dues, Licenses, Subscriptions

$0	so	so

so	$0	$0	so	so	so

Settlement A,ereement Payments	so	S53,750	$0	so	so	so	so	$0	so	so	so	so	$53,750

$4,565

TOTAL ADMINISTRATIVE	I
OPERATIONS ANO MAINTENANCE

$59,702

$0	$0

$0	so	$0	$0	$0	$0	$89,109 J

Landscape Maintenance

$7,108	$7,108	$0	$0	$0

$0	$0	$0

$0	$21,323

$933

Irrigation Repairs	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0

Plant Replacement	$0

$400

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

$1,333

Electric

$60

$0	$0	$0

$0	$0	$0	$0	$171

$3,506
$1,547

Streetlighting	$4,316	$4,316

$923

Irrigation Water	$2,576

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

$0	$0	$0	$12,947
$0	$10,466

Property Insurance	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	S923

Field Management	$1,547

$1,547	$0	$0	$0	$0	$0	$0	$0	$0

$4,642

Lake & Wetland Maintenance

$600	$600	$0	$0	so	$0	$0	$0

$0	$0	$1,800

Misc. Contingency
Stormwater/Lake Repair	$0	$0	$0

$0	$0
$0	$0

$0	$0
$0	$0

$0	$1,137
$0	$0

Transfer Out	$0

$0	$0

$0	$0	$0	so	$0	so	$0

TOTALOPERATIONS AND MAINTENANCE	I	517.269	SlS,069	$19,402	$0	$0	$0	$0	$0	$0	$0	$0	ss•.141 I

TOTAL EXPENDITURES	I	$42,111	$77,771

$0	$0	$0

$0	$0	so	$0	s1•3.ssaI

EXCESS OF REVENUES OVER (UNDER) EXPENDITURES I	($17,825)	($43,789)	$391,857	$0	$0	$0	$0	so	$0	$0	$0

$330,2431

WESTSIDE
Community Development District
LONG TERM DEBT REPORT

SERIES 2005, SPECIAL ASSESSMENT REVENUE BONDS

INTEREST RATE:	5.65%	
MATURITY DATE:	5/1/2037	
RESERVE FUND DEFINITION	MAXIMUM ANNUAL DEBT SE RVICE	
RESERVE FUND REQUIREMENT	$1,214,786	
RESERVE FUND BALANCE	$566,920	
BON DS OUTSTANDING - 9/30/13	$17,050,000	
LESS: PRINCIPAL PAYMENT 5/1/14	$0	
LESS: PRINCIPAL PAYM ENT 5/1/15	$0	
LESS: PRINCIPAL PAYMENT 4/1/16	($255,000)	
CURRENT BONDS OUTSTANDING	$16,795,000	

SERIES 2007, SPECIAL ASSESSMENT REVENUE BONDS

INTEREST RATE:	7.20%	
MATURITY DATE:	5/1/2038	
RESERVE FUND DEFINITION	MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$1,427,620	
RESERVE FUND BALANCE	$714,726	
BONDS OUTSTANDING - 9/30/13	$17,340,000	
LESS: PRINCIPAL PAYMENT 5/1/14	$0	
LESS: PRINCIPAL PAYMENT 11/1/14 (PREPAYMENT)	($550,000)	
LESS: PRINCIPAL PAYMENT 5/1/15	$0	
LESS: PRINCIPAL PAYMENT 4/1/16	($615,000)	
LESS: PRINCIPAL PAYMENT 11/1/16 (PREPAYMENT)	($40,000)	
CURRENT BONDS OUTSTANDING	$16,135,000	

8

WESTSIDE
COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT RECEIPTS · FY2018 TAX COLLECTOR
Gross Assessments   $	940,503 $	281,203 $	294,300  $	365,000
Net Assessments $	884,072 $	264,330  $	276,642 $	343,100
2005	2007
Date		Gross Assessments	Discounts/	Commissions	Interest	Net Amount	General Fund Debt Svc Fund  Debt Svc Fund	Total Received	Dist.		Received		Penalties		Paid	Income		Received		29.90%	31.29%	38.81%	100%

ACH		74,305.25	2,971.93	1.426.67		$	69,906.65   $	20,901 ,51		21 ,875.04		27,130.10		69,906.65$		$				$		$$11124117		$												$

11/9117	ACH	$	7,294.57 $	385.80  $	138.18 $	$	6,770.59 $	2,024.35 $	2,11 8.64 $	2,627.60  $	6,770.59

ACH		37,492.50		1,334.51	723.16		s	35,434.83   s	10,594.72		11 ,088.19		13,751.92		35,434.83s		$				$		$12128/17		s		$											$

12/15117	ACH	$	448,818.78 $	17,950.20 s	8,617.36 s	$      422,251.22  s   126,249.66  $	132,129.92  s  163,871 .64  $  422,251.22

ACH		Z.964.29	83.70		57,60   s	s	2,822.99   s	844.05   s	883.36   s	1,095.58		2,822.99$		$							s1116118		s

1/16118	ACH	s	32,799.35  $	983.96  s	636.32  s	$	31,179.07 $	9,322.28  s	9,756.49  $	12,100.30 $	31,179.06

s	$	$	$	$

s	$	$	$	$	$	$	s	s

1126118	ACH	$	$	$	$	112.93  $	112.93  $	33.76  s	35.34  $	43.83  $	112.92
$	$	$	$
$	$	$	$	$	$	$	$	$
$	$	$	$	$	$	$	$	$

$	$	$	$	$s

$	$	s	$

s

$	$	$	$

s	$	$$

s

$	$	$

s

$	s	$	$
$	$	$

$	$	$	$
$	$	$	$

s

$	$	$	$

s

$	$	$	$
$	$	$	$

Totals	$	603,674.74 $	23,710,10 $	11 ,599.29 $	112.93 $    568.478.28	169,970.34 $	177,886.97 $ 220,620.96 $ 568,478.27

DI RECT ASSESSENTS

DOUGLAS WESTSIDE LLC	$	48,514.15	$ 48,514.15 $

DATE	DATE			Check	NET AMOUNT	NET AMOUNT  GENERAL FUND SERIES 2005	SERIES 2007 RECEIVED	DUE	 			Num		ASSESSED		RECEIVED	  

s	s

10131/17	11/1/17	5987	$	24,257.07   $      24,257.08   $   24,257.08  $	$

s	s

1122/18	2/1/18	6155	$	12,128.54	122,128.54	122,128.54  $	$
5/1/18	12,128.54  $	$	 $	
$	48,514. 15  $  146,385.62  $ 146,385.62 $	$

HOVHANIAN MAGNOLIA AT WESTSIDE LLC	$	14,330.83	$    14,330.83  $	$

s

DATE	DATE	Check	NET AMOUNT	NET AMOUNT  GENERAL FUND SERIES 200S	SERIES 2007 RECEIVED	DUE	Num		ASSESSED		RECEIVED
1/10/18	11/1/17	602177	$	7,165.41  $	7,165.41  $	7,165.41 $

5/1/18	 	  $	3,582.71   $	s	   $$

112711 8	2/1/18	609858	$	3,582.71  $	3,582.71  $	3,582.71  $	$
Total	$	14,330.83   $    10,748.12   $   10,748.12  s	$
KB HOMES ORLANDO	$	22,054.79	$     22,054.79  $	$

s

DATE	DATE	Check	NET AMOUNT	NET AMOUNT  GENERAL FUND SERIES ZOOS	SERIES 2007 RECEIVED	DUE		Num		ASSESSED		RECEIVED

2/1118	$	5,513.70  $	s	$	$

11/6/17	11/1/17	8709111	$	11,027.39 $	11,027.39 $	11,027.39 $

s	s

 	511/18	 	$	5,513.70   s	s	 $	s
Total	 	$	22,054.79 $  11,027.39	11,027.39	$
GOLDEN CAY LLC			$		91,611.84		$ 18,340.72 $ 52,640.00  $  20,631.12 DATE	DATE	Check		NET AMOUNT	NET AMOUNT  GENERAL FUND SERIES 2005	SERIES 2007

s	s

RECEIVED	DUE	Num	ASSESSED	 RECEIVED 
12/4117	11/1/17	94	$	45,805.92	45,805.92 $	9,170.36	26,320.00  $	10,315.56

s	s

2/1118	$	22,902.96 $	$	$	$
 	511118		22,902.96	$	$	$
Total	$	91,611.84  $   45,805.92  $	9,170.36 $ 26,320.00 $ 10,315.56 

GREEN GATE LAGOON LLC			$		185,092.20		$ 34,906.52 $ 110,920.00 $ 39,265.68 DATE	DATE	Check		NET AMOUNT	NET AMOUNT  GENERAL FUND SERIES ZOOS	SERIES 2007

s	s

 	RECEIVED	DUE	Num	ASSESSED	RECEIVED	  
11/1/17	$	92,546.10 $	$

s

2/1118	$	46,273.05 $	$	$	$
5/1/18	 $	46 273.05  $	$	$
Total	$	185,092.20 $	$	$	$

LAND ACQUISITION ONE LLC	s	43,485.25	$    43,485.25  $	$
9

s	s

12/14/17	11/1/17	1013	$	21,742.63	$	
12/14/17
 	12/14/17	
Total	2/1/18
5/1/18		1013
1013		$
$s	10,871.31
10,871.31 
43,485.2S	$s
$	

DATE	DATE	Check	NET AMOUNT	NET AMOUNT  GENERAL FUND SERIES ZOOS	SERIES 2007 RECEIVED	DUE	Num		ASSESSED		RECEIVED

s

21,742.63 $ 21,742.63

s	

10,871.31  $	10,871.31 $
10,871.31  $	10,871.31 	$
43,48S.25    $     43,485.25   $ 	$

WESTSIDE CDD HOLDINGS, INC.	$	119,658.38	$   119,658.38   $	$

12/5/17	11/1/17	108350204	s	59,829.19	s 59,829.19	s 59,829.19 $	
12/5/17	2/1/18	108350205	$	29,914.60	$ 29,914.60	$ 29,914.60 $	
12/5117	5/1/18	108350205	$	29,914.60	$ 29,914.60	$      29,914.60  $ 		

DATE	DATE	Check	NET AMOUNT	NET AMOUNT  GENERAL FUND SERIES 2005	SERIES 2007 RECEIVED	DUE	Num		ASSESSED		 RECEIVED	
$
$

$	119,658.38	$ ' 119,658.39	$ 119,658.39	$	$	

84,012.31		$ 84,012.31	
$	$	

$
Total

WESTSIDE CDD HOLDINGS, INC.

s

DATE	DATE	Check	NET AMOUNT	NET AMOUNT	GENERAL FUND	SERIES 2005	SERIES 2007	
RECEIVED	DUE	Num	ASSESSED	RECEIVED			

12/5/17	11/1/17	108350206	s	42,006.15   $      42,006.15   $      42,006.15   s	$

s

12/5/17	2/1/18	108350207	$	21,003.08  $    21,003.08	21,003.08  $	$
12/5/17	5/1/18	108350207	21,003.08   $      21,003.08   $    21,003.08   $	 $	
Total	$	84,012.31   $     84,012.31   $    84,012.31   $	$

DATE RECEIVED	DATE DUE	Check Num	NET AMOUNT
ASSESSED	NET AMOUNT
RECEIVED	GENERAL FUND SERIES 2005	SERIES 2007	
12/18/17	11/1/17	1673	$	9,485.73	$	9,485.73	$	9,485.73  $	$	
	2/1/18
511/18		$	4,742.87	$	$	$	$	
Total	$	18,971.47	$	9,485.73	$	9,485.73	$	$	
LAND ACQUISITION ONE LLC	$	13,124.79		
$ 13,124.79	
$	$	
DATE	DATE	Check	NET AMOUNT	NET AMOUNT	GENERAL FUND SERIES 2005	SERIES 2007	
RECEIVED	DUE	Num	ASSESSED	RECEIVED	 		
12/14/17	11/1/17	1014	$	6,562.39	$	6,562.39	$	6,562.39	$	$	
12/14/17	2/1/18	1014	$	3,281.20	$	3,281.20	$	3,281.20	$	$	
 	12/14/17	5/1/18		1014	$	3,281.20  $	3,281.20 $	3,281.20	$	$	
Total	$	13,124.79 $ 13,124.79 $	13,124.79	$	$	

MATTAMY ORLANDO LLC	$	18,971.47	$     18,971.47   $	$

$	4,742.87  $	$	$	 $	

SUMMARY	
TOTAL	GENERAL FUND

$	884,072.43    $ 264,330.43
  $	640,856.01	$417 399.21	
$	1,524,928.44   $  681,729.64

$	568,478.27  $  169,970.34
$	146,385.62  $  146,385.62
$	$
$	11,027.39   $   11,027.39
$	45,805.92  $	9,170.36
$	$
$	43,485.25   $   43,485.25
$	119,658.39  $  119,658.39
$	84,012.31   $   84,012.31
$	9,485.73  $	9,485.73
$	13,124.79   $    13,124.79	
SERIES 2005	SERIES 2007

$   276,642.00   $  343,100.00
$163,560.00	$59,896.80
$   440,202.00    $   402,996.80

$    177,886.97   $  220,620.96
$	$	--
$	$
$	$
$     26,320.00   $	10,315.56
$	$
$	$
$	$
$	$
$	$
$	$	
TAX ROLL ASSESSED AMOUNT			
DIRECT BILLED AMOUNT			
TOTAL			
TAX ROLL ASSESSMENTS COLLECTED			
DOUGLAS WESTSIDE LLC			
HOVHANIAN MAGNOLIA AT WESTSIDE LLC			
KB HOMES ORLANDO			
GOLDEN CAY LLC			
GREEN GATE LAGOON LLC			
LAND ACQU ISITION ONE LLC			
WESTSIDE COD HOLDINGS, INC.			
WESTSIDE CDD HOLDINGS, INC.			
MATTAMY ORLANDO LLC			
LAND ACQU ISITION ONE LLC			
DIRECT BILL ASSESSMENTS COLLECTED			
	$	472,985.40 $ 436,349.84	$ 26,320.00 $ 10,315.56	
VARIANCE	$	483,464.78 $ 75,409.47	$ 235,995.03 $ 172,060.28	

10 

Westside CDD FY 2018
Direct Bill Status

District	Landownder	Total O &.M --	� Debt Westside	Westside COD Holdings		$119,658		$0
18-25-27-3160-000A-0080
(Former Fairwinds)	2005	$0
2007	$0

	Nov	$11,027.40	$0.00	$11,027.40 Paid 11/6/17	
2005	$0	Feb	$5,513.70	$0.00	$5,513.70	

KB	$22,055
07-25-27-3160-000C-0115, 18-25-27-3160-000B-0095

Total Due
$119,658

$22,055

Nov Feb May Total

O&M	Debt	Total	Paid
$59,829.19	$0.00	$59,829.19 Paid · 11/27/17
$29,914.60	$0.00	$29,914.60 Paid - 11/27/17
$29,914.60	$0.00	$29,914.60 Paid - 11/27/17
$119,658.38	$0.00	$119,658.38
O&M	Debt	Total	Paid

Khov

2007	$0

May Total

$5,513.70	$0.00	$5,513.70
$22,054.79	$0.00	$22,054.79

	Nov	$7,165.42	$0.00	$7,165.42 Paid 1/11/18	
2005	$0	Feb	$3,582.71	$0.00	$3,582.71 Paid 1/28/18	

07-25-27-3160-000C-0010, 18-25-27-3 160-00C	$14,331	$0

$14,331

O&M	Debt	Total	Paid

2007	$0

Westside COD Holdings	$84,012	$0 18-25-27-3160-000B-0040
2005	$415,856
2007	$135,432

Golden Cay LLC	$18,341	$73,271
07-25-27-5461-0001-00D0
2005	$52,640
2007	$20,631

Douglas Westside, LLC	$48,514	$0 06-25-27-5474-0001-0030
2005	$0
2007	$0

$84,012

$91,612

$48,514

May
Total

Nov Feb May
Total

Nov Feb May Total

Nov Feb May Total

$3,582.71	$0.00	$3,582.71
$14,330.83	$0.00	$14,330.83
O&M	Debt	Total	Paid
$42,006. 16	$0.00	$42,006.16  Paid 11/27/17
$21,003.08	$0.00	$21,003.08  Paid 11/27/17
$21,003.08	$0.00	Fl,003.08 Paid 11/27/17
$84,012.31	$0.00	$84,012.31
O&M	Debt	Total	Paid
$9,170.36	$36,635.56	$45,805.92 Paid 12/4/17
$4,585.18	$18,317.78	$22,902.96
$4,585.18	$18,317.78	$22,902.96
s1s,34o.n	$73,271.12	$91,61 1.84
O&M	Debt	Total	Paid
$24,257.08	$0.00	$24,257.08 Paid 10/30/17
$12,128.54	$0.00	$12,128.54 Paid 1/23/18
$12,128.54	$0.00	$12,128.54
$46,514.15	$D.00	$48, 514.15
O&M	Debt	Total	Paid

Land One Acquisition	$43,485	$0 1825273l.60000B0110
2005	$0
2007	$0

$43,485		Nov Feb May Total

$21, 742.63	$21,742.63 Paid 12/14/17
$10,871.31	$10,871.31  Paid 12/14/17
$10,871.31	$10,871.31 Paid 12/14/17
$43,485.25	$43,48S.2S

Mattamy	$18,971	$0
18-25-27-4941-0001-FDlO
2005	$0.00
2007	$0.00

Land One Acquisition	$13,125	$0
19-25-27-3160-0006-0030
2005	$0.00
2007	$0.00

$18,971

$13,125

Nov Feb May
Total

Nov Feb May
Total

O&M	Debt	Total	Paid
$9,485.74	$9,485.74 Paid 12/19/17
$4,742.87	�4,742.87
$4,742.87	$4,742.87
$18,971.47	$18,971.47

O&M	Debt	Tota l	Paid
$6,562.40	$6,562.40  Paid 12/14/17
$3,281.20	$3,281.20 Paid 12/14/17
$3,281.20	$3,281.20 Paid 12/14/17
$13,124.79	$13,124.79

Green Gate Lagoon
07-25-27-5461-0001-0010	O&M	$34,907
2005 Debt	$110,920
2007 Debt	$39,266

Feb
May

Nov

O&M	Debt	Total	Paid
$17,453.26	$75,092.84	$92, 546.10
$8,726.63	$37,546.42	$46, 273.05
$8,726.63	$37,546.42	$46,273.05
$185,092.20

REBATE REPORT
$17,525,000
Westside Community Development  District
(Osceola County, Florida)
Special Assessment Revenue Bonds Series 2005

Dated: December 1, 2005
Delivered: December 2, 2005

Rebate Report to the Computation Date December 1, 2020
Reflecting Activity To November 30, 2017

!•	1 1 = �

.,..�-=■,,_-=_-- ,_==-_--=-- ---=-- -.=--:.--

TABLE OF CONTENTS

AMTEC Opinion	3
Summruy ofRebate Computations / Summary ofYield Restriction Computations	4
Summruy ofComputational Information and Definitions	5
Methodology	7
Sources and Uses	8
ProofofArbitrage Yield	9
Bond Debt Service	11 
Arbitrage Rebate Calculation Detail Report - General Fund	13 
Arbitrage Rebate Calculation Detail Report - Cost ofIssuance Fund	15
Arbitrage Rebate Calculation Detail Report - Debt Service Interest Fund	16
Arbitrage Rebate Calculation Detail Report - Debt Service Reserve Fund	18 
Arbitrage Rebate Calculation Detail Report - Rebate Computation Credits	21 
Yield Restriction Calculation Detail Report - General Fund	22

�	    -----

...,..., _---__�--���-- -

-- --

�-=	- -  ----�

---

----

=-�-�

TAX-EXEMPT COMPLIANCE

January 1 1, 2018

Westside Community Development District c/o Ms. Teresa Viscarra
Governmental Management Services-CF, LLC l412S Narcoossee Road
St. Cloud, FL 34771

Re:		$17,525,000 Westside Community Development District, (Osceola County, Florida), Special Assessment Revenue Bonds, Series 2005

DearMs. Viscarra:
AMTEC has prepared certain computations relating to the above referenced bond issue (the "Bonds") at the request ofthe Westside Comm.unity Development District (the "District'')
The scope of our engagement consisted of preparing the computations shown in the attached schedules to determine the Rebatable Arbitrage as described in Section 1 03 of the Internal Revenue Code of 1954, Section 148(£) of the Internal Revenue Code of 1986 (the "Code"), as amended, and all applicable Regulations issued thereunder. The methodology used is consistent with current tax law and regulations and may be relied upon in determining the rebate liability. Certain computational methods used in the preparation of the schedules are · described in the Summary of Computational Information and Definitions.
Our engagement was limited to the computation of Rebatable Arbitrage based upon the information furnished to us by the District. In accordance with the terms of our engagement, we did not audit the information provided to us, and we express no opinion as to the completeness, accuracy or suitability of such information for purposes of calculating the Rebatable Arbitrage.
We have scheduled the next Report as of November 30, 2018. Thank you and should you have any questions, please do not hesitate to contact us.

Very truly yours,

Michael J. Scarfo Senior Vice President

90 Avon Meadow Lane, Avon, CT 06001  (860) 321 -7521  Fax (860) 321 -7581 www.amteccorp.com

SUMMARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the December 1, 2020 Computation Date
Reflecting Activity from December 2, 2005 through November 30, 2017

Fund Description	Taxable Investment Yield	Net Income		Rebatable Arbitra2e
$( 1 1 8,990.73)	
General Fund	4.191980%	$153,760.98			
Cost ofIssuance Fund	4.024843%	662.36	(602.19)	
Debt Service Interest Fund	4.555539%	101 ,423.05	(53,148.39)	
Debt Service Reserve Fund	1.802327%
Totals	155.883.36
$411,729.75		(587.333.72)
$(760,075.03)	
Summary
Bond Yield	5.650445%
Taxable Investment Yield	.	2.903101%
Rcbatable Arbitrage	$(760,075.03) 
Rebate Computation Credits	(27,014.41)
Net Rebatable Arbitra2e	$(787,089.44)

SUMMARY OF YIELD RESTRICTION COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the December 1, 2020 Computation Date
Reflecting Activity from December 1, 2008 through November 30, 2017
Fund		Taxable	Yield Reduction Description	Investment Yield		Liability
General Fund	1.141364%	$(388.43 )
Summary
Bond Yield (+-0. 125%) *	5.775445%	
Taxable Investment Yield	1.141364%	
Yield Reduction Liability	$(388.43)	
* Pursuant to the Treasury Regulations Section l.148-2(d)(2), for yield restriction purposes, the Bond Yield is adjusted upwardly by 0. 125% for funds not held in a refunding escrow or allocable to replacement proceeds.

Based upon our computations, no rebate or yield reduction liability exists.

4

SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION
For purposes ofcomputing Rebatable Arbitrage and Yield Reduction Liability, investment activity is reflected from December 2, 2005, the date of the closing, to November 30, 2017, the Computation Period. All nonpurpose payments and receipts are future valued to the Computation Date of December 1, 2020.
Computations ofyield are based on a 360-day year and semiannual compounding onthe last day of each compounding interval. Compounding intervals end on a day in the calendar year corresponding to Bond maturity dates or six months prior.
For purposes ofcomputing Rebatable Arbitrage and Yield Reduction Liability, interest earnings and yield, the value of investments, outstanding and subject to rebate at the end of the Computation Period, was as follows:
Fund/ Account	Value	Accrued Interest	Totals
  Debt Service Reserve	
-Money Market	$566,594.52	$3 11 .29	$566,905.81
  General	
--Money Market	392.88	0.21	393.09
Totals	$566,987.40	$311.50	$567,298.90
For investment cash flow, debt service and yield computation purposes, all payments and receipts are assumed to be paid or received respectively, as shown on the attached schedules.
Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.
During the period between December 2, 2005 and November 30, 2017, the District made periodic payments into the Debt Service Sinking, Interest and Prepayment Funds that were used, along with the interest earned, to provide the required debt service payments.
Under Section 148(f)(4)(A), the rebate requirement does not apply to amounts in certain bona fide debt service funds. The Regulations define a bona fide debt service fund as one that is used primarily to achieve a proper matching ofrevenues with principal and interest payments within each bond year. The fund must be depleted at least once each bond year, except for a reasonable
carryover amount not to exceed the greater of the earnings on the fund for the immediately preceding bond year or 1/12'11 ofthe principal and interest payments on the issue for the immediately
preceding bond year.
We have reviewed the Debt Service Sinking, Interest and Prepayment Funds and have determined that the funds deposited have functioned as a bona fide debt service fund and are not subject to the rebate requirement.
The Bonds were issued, in part, forthe purpose ofcurrent refunding the District's outstanding Bond Anticipation Notes, Series 2005 (the ''Notes") on December 2, 2005. There were no unspent proceeds of the Notes as of the redemption date; therefore, transferred proceeds calculations were not required.

5

DEFINITIONS
Computation Date
December 1, 2020.
Computation Period
The period beginning on December 2, 2005, the date of the closing, and ending on November 30, 2017.
Temporary Period
The period ending three years from the date ofthe closing during which time arbitrage profits and losses may be blended.
Yield Reduction Period
The period subsequent to the Temporary Period that proceeds are yield restricted to the yield on the Bonds, plus 0. 125%.
Bond Year
Each one-year period (or shorter period from the date of issue) that ends at the close ofbusiness on the day in the calendar year that is selected by the Issuer. Ifno day is selected by the Issuer before the earlier ofthe final maturity date of the.issue or the date that is five years after the date of issue, each bond year ends at the close of business on the anniversary date ofthe issuance.
Bond Yield
The discount rate that, when used in computing the present value of all the unconditionally payable payments of principal and interest with respect to the Bonds, produces an amount equal to the present value ofthe issue price ofthe Bonds. Present value is computed as ofthe date of issue ofthe Bonds.
Taxable Investment Yield
The discount rate that, when used in computing the present value ofall receipts of principal arid interest to be received on an investment during the Computation Period, produces an amount equal to the fair market value ofthe investment at the time itbecame a nonpurpose investment.
Issue Price
The price determined on the basis of the initial offering price at which price a substantial amount of the Bonds was sold.
Rebatable Arbitrage
The Code defines the required rebate as the excess ofthe amount earned on all nonpurpose investments over the amount that would have been earned if such nonpurpose investments were invested at the Bond Yield, plus any income attributable to the excess. Accordingly, the Regulations require that this amount be computed as the excess of the future value of all the nonpurpose receipts over the future value of all the nonpurpose payments. The future value is computed as of the Computation Date using the Bond Yield.

6

Yield Reduction Liability
The Rebatable Arbitrage accwnulated after the Temporary Period, at the bond yield plus 0. 125%.
Funds and Accounts
The Funds and Accounts activity used in the compilation ofthis Report was received from the District, SunTrust Bank, Trustee, and US Bank, Successor Trustee, as follows:
Fund	Account Number
General	7909832
Cost oflssuance	7909833	
Deferred Costs	7909834	
Debt Service Sinkine:	7909835	
Debt Service Interest	7909836	
Debt Service Prepayment	7909837	
Debt Service Reserve	7909838
Revenue	7909839

Bond Yield

METHODOLOGY

The methodology used to calculate the bond yield was to determine the discount rate that produces the present value ofall payments ofprincipal and interest through the maturity date ofthe Bonds.
Investment Yield and Rebate Amount
The methodology used to calculate the Rebatable Arbitrage and Yield Reduction Liability, as of November 30, 2017, was to calculate the future value of the disbursements from all funds, subject to rebate, and the value of the remaining bond proceeds, at the yield on the Bonds, to December 1, 2020. This figure was then compared to the future value of the deposit of bond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on December 1, 2020, is the Rebatable Arbitrage and Yield Reduction Liability.

7

$17,525,000
Westside Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds, Series 2005 Delivered: December 2, 2005

	Total

Uses ofFunds	$17,177,250.45	
Redemption ofNotes		$ 4,162,777.78	
General Fund		9,887,185.81	
Cost ofIssuance Fund		145,000.00	
Debt Service Interest Fund		1,767,040.61	

Par Amount Underwriter's Discount Accrued Interest

Sources of Funds

$17,525,000.00
-350,500.00
2 750.45

Debt Service Reserve Fund

Total

1.215.246.25
$17,177,250.45

8

PROOF OF ARBITRAGE YIELD

$17,525,000
Westside Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds, Series 2005

	Present Value	
	to 1 2/02/2005	
Date	Debt Service	@ 5.6504446%	
05/0 1/2006	41 2,567.71	403, 161 .83	
1 1/01 /2006	495,08 1.25	470,501 .48	
05/01/2007	495,081 .25	457,574.00	
11 /01/2007	495,08 1.25	445,001.71 	
05101 /2008	725,08 1.25	633,829. 17 	
11 /01/2008	488,583.75	415,360.22	
05/01 /2009	733,583.75	606,507.16 	
11101/2009	481 ,662.50	387,283.87	
05101 /2010 	736,662.50	576,043.76	
11101/2010	474,458.75	360,815.94	
05/01 /20 11 	744,458.75	550,589.90	
11 /01/2011 	466,83 1 .25	335,774.62	
05/0 1/2012	75 1,831 .25	525,906.65	
1 1/01/2012	458,780.00	312,099.52	
05/01/2013	763,780.00	505,309.26	
11 /01/2013	450,163.75	289,640.87	
05/01/2014	770,163.75	481,917.54	
11/01/2014	441,123.75	268,441 .99	
05/0 1/20 15 	78 1,123.75	462,285.41	
11/01 /20 15 	43 1,51 8.75	248,364.98	
05/0 1/20 16	79 1,51 8.75	443,049.49	
11 /01 /20 16 	421 ,348.75	229,368.13	
05/0 1/2017	801 ,348.75	424,241 .63	
1 1/01 /2017 	410,613.75	211 ,410.01	
05/01 /2018	815,613.75	408,391 .73	
l 1/0Jn018	399,1 72.50	1 94,380.80	
05/01/2019	824, 1 72.50	390,3 11 .37	
11 /01/2019	387,166.25	178,3 16.25	
05/01 /2020	837,166.25	374,977.74	
11 /01 /2020	374,453.75	163,1 14.40	
05/01/2021	849,453.75	359,860.5 1	
11/01/2021	361 ,035.00	148,745.59	
05/01 /2022	866,035.00	347,000.89	
I 1/01/2022	346,768.75	135,124.92	
05/01 /2023	881 ,768.75	334,1 56.98	
1 1/01/2023	331 ,655.00	122,231 .38	
05/01 /2024	896,655.00	321 ,382.25	
1 1/01/2024	31 5,693.75	1 10,043. 11 	
05/01 /2025	91 5,693.75	310,418.40	
1 1/01 /2025	298,743.75	98,490.96	
05/0112026	933,743.75	299,381.94	
11 /01 /2026	280,805.00	87,559.46	
05/01 /2027	950,805.00	288,330. 13 	
I 1/01/2027	261 ,877.50	77,23 1.97	
05/01/2028	971 ,877.50	278,747.38	
1 1/01/2028	241 ,820.00	67,451.53	
05/01 /2029	991 ,820.00	269,049.88	
11/01/2029	220,632.50	58,206.27	
05/01/2030	1,015,632.50	260,577.68	

l 1/01/2030

198,1 73.75

9

49,447.81

PROOF OF ARBITRAGE YIELD

SJ 7,525,000
Westside Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds, Series 2005

		Present Value	

Date	
Debt Service	to 1 2/02/2005 @ 5.6504446%	
05/01/2031	1,038,1 73.75	251 ,925.05	
l 1/01/2031	1 74,443.75	41,167.74	
05/01 /2032	1,064,443.75	244,300.70	
l 1/01/2032	149,301.25	33,324.66	
05/01 /2033	1,089,30 1.25	236,456. 19 	
JJ /01/2033	122,746.25	25,912.62	
05/0 1/2034	1,11 7,746.25	229,480.93	
l 1/01/2034	94,637.50	18,895.87	
05/0 1 /2035	1,149,637.50	223,236.39	
I l/01/2035	64,833.75	12,243.50	
05/01 /2036	1,1 79,833.75	21 6,683.36	
11 /01/2036	33,335 .00	5,953.95	
05/01/2037	1,213,335.00	210,759.01	
	38,282,652.7l	17,527,750.45	
	
Proceeds Summarv		

Delivery date		
12/02/2005	
Par Value		17,525,000.00	
Accrued interest		2,750.45	

Target for yield calculation	17,527,750.45

10 

BOND DEBT SERVICE
$17,525,000
West.side Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds,  Series 2005
Dated Date	12/01/2005
Delivery Date	12/02/2005

Period	Annual
--En-ding
05/01/2006	Principal	Coupon	Interest
41 2,567.71	Debt Service
412,567.71	Debt Service
41 2,567.71 	
1 1/01/2006			495,081.25	495,081.25		
05/01/2007			495,081 .25	495,081.25	990, 1 62.50	
l l/01/2007			495,081 .25	495,081.25		
05/01/2008	230,000	5.650%	495,081.25	725,08 1.25	1 ,220, 1 62.50	
I 1/0 1/2008			488,583.75	488,583.75		
05/01/2009	245,000	5.650%	488,583.75	733,583.75	1,222, 167.50	
1 1/01/2009			481 ,662.50	481 ,662.50		
05/0 1/2010 	255,000	5.650%	481 ,662.50	736,662.50	1,21 8,325.00	
1 1/0 1/2010 			474,458.75	474,458.75		
05/01/201 I	270.000	5.650%	474,458.75	744,458.75	1,21 8,917.50	
I 1/01/201 I			466,831.25	466,83 1 .25		
05/01/2012	285,000	5.650%	466,831.25	751,831 .25	1,21 8,662.50	
11/01/2012 			458,780.00	458,780.00		
05/01/2013 	305,000	5.650%	458,780.00	763,780.00	1,222,560.00	
11 /01/2013 			450,163.75	450,1 63.75		
05/01/2014	320,000	5.650%	450,163.75	770, 163.75	1,220,327.50	
11 /01/2014			441,123.75	441,123.75		
05/01/2015	340,000	5.650%	441,123.75	78 1, 123.75	1,222,247.50	
1 1/01 /2015 			43 1,51 8.75	43 1,51 8.75		
05/01/2016 	360,000	5.650%	43 1,518.75	791,51 8.75	1,223,037.50	
I 1/01/2016 			421 ,348.75	421 ,348.75		
05/01/2017 	380,000	5.650%	421 ,348.75	801,348.75	1 ,222,697.50	
11 /01/2017			4I0,6l3.75	410,613.75		
05/01/20 18 	405,000	5.650%	4I0,6l3.75	81 5,613.75	1,226,227.50	
1 1/01/20 18 			399,1 72.50	399, 1 72.50		
05/01/20 19 	425,000	5.650%	399,172.50	824, 172.50	1,223,345.00	
I 1/01/20 19 			387,166.25	387, 1 66.25		
05/0 1/2020	450,000	5.650%	387,1 66.25	837,166.25	1,224,332.50	
1 1/01/2020			374,453.75	374,453.75		
05/01/202 1	475,000	5.650%	374,453.75	849,453.75	1,223,907.50	
I 1/01/2021			361 ,035.00	361 ,035.00		
05/01/2022	505,000	5.650%	361 ,035.00	866,035.00	1,227,070.00	
1 1/01/2022			346,768.75	346,768.75		
05/01/2023	535,000	5.650%	346,768.75	881 ,768.75	1,228,537.50	
1 1/01/2023			331 ,655.00	331 ,655.00		
05/01/2024	565,000	5.650%	331 ,655.00	896,655.00	1 ,228,3 I 0.00	
11/01/2024			315,693.75	315,693.75		
05/01/2025	600,000	5.650%	315,693.75	915,693.75	1,231,387.50	
11 /01/2025			298,743.75	298,743.75		
05/01/2026	635,000	5.650%	298,743.75	933,743.75	1,232,487.50	
1 1 /01/2026			280,805.00	280,805.00		
05/01 /2027	670,000	5.650%	280,805.00	950,805.00	I ,23 1 ,6I O.OO	
11 /01/2027			261 ,877.50	261 ,877.50		
05/01/2028	7I O,OOO	5.650%	261 ,877.50	971 ,877.50	1,233,755.00	
1 1/01/2028			241 ,820.00	241,820.00		
05/01/2029	750,000	5.650%	241 ,820.00	991 ,820.00	1 ,233,640.00

11 

BOND DEBT SERVICE

SI 7,525,000
Westside Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds, Series 2005

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
11/01/2029			220,632.50	220,632.50		
05/0 1/2030	795,000	5.650%	220,632.50	1,015,632.50	1,236,265.00	
1 1/0 1/2030			198, 173.75	198, 173.75		
05/01/203 1	840,000	5.650%	198,1 73.75	1,038,173.75	1,236,347.50	
11 /01/2031			174,443.75	1 74,443.75		
05/01/2032	890,000	5.650%	I 74,443.75	1 ,064,443.75	1 ,238,887.50	
1 1/01/2032			149,301.25	1 49,301 .25		
05/01/2033	940,000	5.650%	149,301 .25	1 ,089,30 1.25	1,238,602.50	
11 /01/2033			122,746.25	122,746.25		
05/01/2034	995,000	5.650%	122,746.25	1,11 7,746.25	1,240,492.50	
11 /01/2034			94,637.50	94,637.50		
05/0 1/2035	1,055,000	5.650%	94,637.50	1, 149,637.50	1,244,275.00	
11101/2035			64,833.75	64,833.75		
05/0 1/2036	1,1 1 5,000	5.650%	64,833.75	1, 179,833.75	1,244,667.50	
J 1/01/2036			33,335.00	33,335.00		
05/01/2037	1,1 80,000	5.650%	33,335.00	1,21 3,335.00	1,246,670.00	

17,525,000	20,757,652.71	38,282,652.7 I	38,282,652.71

12 

$17, 525, 000 
We stside  Community  Development  District (Osceola County, Florida)
Special Assessment Revenue Bonds , Series 2005 General  Fund

ARBITRAGE REBATE CALCULATION DETAIL REPORT

DATE 12/02/05
12/ 02 /05
12/05/05 
12/05/05 
12/06/05 
12/07/05 
12/20/05 
12/20/05 
12/20 /05 
01/ 23/06 
01/23/06 
02/27/06 
03 /01/06 
03/15/06 
03/27 /06 
03/27 /06 
04/21/06 
04/21/06 
05/31 /06 
05/31/06 
06/29/06 
06/29/06 
08/29/06 
11 /21/06 
02/12 /07 
02/12/07 
11/02/07
12/04/07
12/10/07 
01/03/08 
02/04 /08 
03/04 /08 
03/14/08 
04/02/08 
04/14/08 
05/02 /08 
11/ 04/08 
11/ 05/08 
12/ 02/08 
12/ 03/08 
01/05/09 
01/ 15/09 
02/04 /09 
02/1 0/09 
03/04 /09 

DESCRIPTION		RECEIPTS Beg Bal	-9, 887, 18 5. 81
789, 472. 62
50, 366. 34
556, 138 .2 9
14, 600 . 66
21, 394. 83
62 , 133 .2 7
269, 92 6. 03
270 . 00
53, 245 . 82
195, 218 . 52
71 4, 887 . 67
70, 444 . 42
123, 650 . 00
174, 580 . 97
616, 893.7 0
443, 633 .7 5
1, 231, 626 .7 1
239, 818 .4 6
2, 604, 480 . 69
293, 574 . 50
901, 331 . 31
600, 000 .0 0
10, 929.0 8
4, 228 .2 2
-1, 982 .7 0
-484 . 65
-5 .7 0
-440 .8 1
-4 . 82
-4 . 0 0
-2 .8 1
-716 .30 
-2 . 55
-203. 65
-73.1 3
-13 .5 0
-0 .7 3
-3 . 55
-3 .1 8
-1 . 89 
-7 .3 9
-13 . 87
-0 . 82
-9 .4 3

13 

FUTURE VALUE @ BOND YIELD OF (5 . 650445%) 

( PAYMENTS) 

-22, 803, 168 . 08
1, 820, 78 8. 77
116, 107 . 75
1, 28 2, 046 .0 6
33, 653 . 18
49, 305 .4 8
142, 901 .4 8
62 0, 807 . 98
62 0. 98
121 , 837 .1 6
446, 699 .3 0
1, 627, 221 . 12
16 0, 245 .7 4
280, 668 .0 1
395, 538 .7 7
1, 397, 663 . 07
1, 001, 390 . 45
2, 780, 084 .3 1
538, 071 . 37
5, 843, 572 . 25
655, 731 .76 
2, 013, 225 . 14
1, 32 7, 77 9. 37
23, 880 . 65
9, 123 .7 9
-4, 278 . 33
-1, 004 . 54
-11 . 76 
-908 . 32
-9 . 90
-8 .1 7
-5 . 72 
-1, 454 . 66
-5 . 1 6
-4 11. 66 
-147 .4 1
-2 6. 46 
-1 . 43 
-6 . 93
-6 .2 0
-3 . 67
-14 .32
-2 6.8 1
-1 .5 8
-1 8. 14

$17, 525, 000 
Westside Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds , Series 2005 General  Fund

ARBITRAGE REBATE CALCULATION DETAIL REPORT

DATE	DESCRIPTION 03/1 7/09 
04/ 03/09 
04/13/09 
05/04 /09 
06/03 /09 
07/03/09 
12/14/09 
12/14/09 
03/04 /13 

11/ 30/17	GF MMkt Ace

04/02/13 GF MMkt Bal
11/30/17 
12/01/20 TOTALS :

ISSUE DATE : 12/02/05 COMP DATE : 12/01/20 BOND YIELD : 5. 650445% 

RECEIPTS	FUTURE VALUE @ (5 . 650445%) 

( PAYMENTS)	BOND YIELD OF

-0 . 57	-1 .0 9
-6 .21	-11 .89 

-3 . 93

-7 .49 

-0 .3 9	-0 . 7 5

-4 .59

1, 353. 66	-4 .5 9

-2 . 43	-8 . 71 

348 . 25

2, 493 .6 1

-0 .29	-0 . 2 8

-0 . 1 8	641 . 52 

0. 21	464 . 4 4

392.8 8	-0 . 44
0. 25
153, 760 . 98	-118, 990 . 73 

REBATABLE ARBITRAGE :	-11 8, 990.7 3
NET INCOME :	153, 760 . 98
TAX  INV YIELD :	4.1 91980% 

14

$17, 52 5, 000 
Westside Community Development District (Osceola County, Florida}
Special Assessment Revenue Bonds , Series 2005 Cost of Issuance Fund

ARBITRAGE REBATE CALCULATION DETAIL REPORT

DATE	DESCRIPTION
12/02/05	Beg Bal
12/02/05
12/05 /05 
12/05/05 
12/05/05
12/05/05 
12/05/05 
01/11/06 
02/09/06 
02/17/06 
03/09/06 
02/12 /07
12/01 /20	TOTALS :

RECEIPTS ( PAYMENTS) 
-145, 000 . 0 0
25, 643 .7 5
13, 000 .0 0
5, 000 .0 0
5, 00 0.0 0
6, 757 . 57
30, 000 . 0 0
4,282 . 53
12, 500 . 00
1, 495. 81
40, 000 . 00
1, 982 .7 0
662 . 36

FUTURE VALUE @ BOND YIELD OF (5 . 650445%) 
-334, 41 8. 65
59, 14 3.0 9
29, 968 .44 
11, 526 .32
11, 526.32
15, 577 . 99
69, 157 . 95
9, 817 .5 1
28, 531 .7 7
3, 410 . 02
90, 878 .7 0
4, 278 . 33
-602 .1 9

ISSUE DATE : 12/02/05 COMP DATE : 12/01 /20 BOND YIELD : 5. 650445% 

REBATABLE ARBITRAGE :	-602 . 1 9
NET INCOME :	662.3 6
TAX  INV YIELD :	4. 024 843%

15 

$17, 525, 000 
We stside Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds , Series 2005 Debt Service Interest Fund

ARBITRAGE REBATE CALCULATION DETAIL REPORT

DATE

DESCRIPTION	RECEIPTS

FUTURE VALUE @ BOND YIELD OF (5. 650445%) 

( PAYMENTS )

12/02/05 
01/04/06 
02/01/06 
03/ 01/06 
04/03/06 
05/0 1/06 
05/0 1/ 06 
06/0 1/ 06 
06 /28 /06 
07/03/06 
08/01/06 
08/03/06 
08 /09/06 
09/01/06 
09 /14 /06 
10/02/06 
10/13/06 
11/01/06 
11/01/06 
11/08/06 
12/01/06 
12/28/06 
01/02/07 
01/10/07 
01/10/07 
02/01/07 
02/09/07 
03/02 /07 
04/03/07 
05/01/07 
05/02/07 
06/04/07 
06/28/07 
07/03/07 
07/16/07 
07/26/07 
08 /02/07 
09/05/07 
10 /02/07 
11/ 01/07 
11/ 02/07 
12/04/07 
12/10/07 
01/ 03/08 
01/ 31/08 

Beg  Bal	-1, 767, 040 . 61	-4, 075, 388 . 57
-1, 210 . 69	-2, 778 .4 6
-0 . 94	-2 . 15
-0 . 8 4	-1 . 91 
-0. 93	-2 .1 1
-0. 90	-2 . 03
412, 567.7 1	929, 826 .4 6
-0 . 93	-2 . 0 9
-10, 400 . 00	-23, 233. 17 
-10, 177 . 54	-22, 71 8. 61 
-505 . 67	-1, 123 . 8 9
173 . 27	384 . 99
-1, 585 . 91	-3, 520 .4 5
-0 . 8 9	-1 . 97
-1, 958 . 37	-4, 323 .76 
-12, 755 . 38	-28, 083.4 1
-1 , 8 17 . 4 8	-3, 994 . 72 
-95.7 5	-209. 87 
495, 081 .2 5	1, 08 5, 134.2 9
-4, 716. 42	-10, 32 6. 40 
-0 . 90	-1 . 96
-10, 400 . 0 0	-22, 594 . 81
-198. 56	-431 . 12
-3, 569. 12	-7, 73 9.80
-3, 448 . 57	-7 , 478 .3 9
-1, 200 . 4 0	-2, 594 . 68
-4 , 087 .2 7	-8, 823 . 74
-0 . 92	-1 . 98
-1 . 02	-2 . 18
495, 081 .2 5	1, 055, 31 9.1 8
-0. 98	-2 .09 
-0 . 99	-2 .1 0

-3 . 33

-20, 519 . 72	-43, 355 . 80

-20, 519 . 72	43, 235. 1 8

20, 519 . 72	-7 . 03

-1 . 0 0	-1 . 09 

-0 . 52	-43, 168 . 31

4 95, 081 . 25	-1 . 98 

-0 . 95	-2 .0 9

5.7 0	1, 004 . 54

484 . 65	1, 026, 323 .26 

4. 82	908 . 32

440 . 8 1	11 . 76 

-25, 982 . 55

9. 90
-53, 125 . 97

16 

$17 , 525, 000 
We stside Community Development District (Osceola County, Florida) 
Special Assessment Revenue Bonds, Series 2005 Debt Service Interest Fund

ARBITRAGE REBATE CALCULAT ION DETAIL REPORT

DATE 02/04 /08 
03/ 04/08 
03 /14/08 
04/02/08 
04/14/08 
05/01 /08 
05/02 /08 

DESCRIPTION

RECEIPTS ( PAYMENTS )
4. 0 0
2. 8 1
716. 30 
2. 55
203 . 65
83, 185 . 95
73 . 13

FUTURE VALUE @ BOND YIELD OF (5. 650445% )
8.1 7
5. 72
1, 454 . 66
5.1 6
411 . 66 167, 7 09 . 64
147 .41 

12/ 01/20	TOTALS :

101, 423 . 05

-53, 148 .3 9

ISSUE DATE : 12 /02/05 COMP DATE : 12/0 1/20 BOND YIELD : 5. 650445% 

REBATABLE ARBITRAGE :	-53, 148 . 39
NET INCOME :	101, 423 . 05
TAX  INV YIELD :	4 . 555539% 

17

$17, 525, 000 
We stside Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds , Series 2005 Debt Service Reserve Fund

ARBITRAGE REBATE CALCULATION DETAIL REPORT

DATE

DESCRIPTION	RECEIPTS

FUTURE VALUE @ BOND YIELD OF (5. 650445%) 

( PAYMENTS) 

12/02/05
01/04/06 
02/01 /06 
03/ 01/06 
04/03/ 06 
05/ 01/06 
06 /01/06 
06 /28/06 
07/03/06 
08/01 /06 
08/ 01/06 
08/03/06 
08/09/06 
09/ 01/06 
09/ 14/06 
10/02/06 
10/13/06 
11/01/06 
11/08/06 
12/01/06 
12/28/06 
01/02/07 
01/10/07
01/10/07 
02/ 01/07
02/09/07
03/02 /07 
04/03/07 
05/02/07 
06/04/07 
06/28/07 
07/03/07 
07/16/07 
07/26/07
08/02/07 
09/05/07 
10/02/07 
11/ 15/07 
12/04/07 
01/ 03/08 
02/01/08 
02/01 /08 
02/04 /08 
03/ 04/08 
03/17/08 

Beg  Bal	-1, 215, 246 . 2 5	-2, 802, 765. 62
1, 210. 69	2, 77 8.4 6
0. 94	2. 15
0.8 4	1. 91
0. 93	2. 1 1
0. 90	2. 03
0. 93	2. 0 9
10, 400 . 0 0	23, 233. 17 
10, 177 . 54	22, 718 . 61
505. 67	1, 123 .8 9
173 . 27	385 .1 1
-173 . 27	-384 . 99
1, 585 . 9 1	3, 520 .4 5
0.8 9	1. 97
1, 958 . 37	4, 323 .76 
12, 755 . 38	28, 083 .41 
1, 817 .4 8	3, 994 . 72
95 . 75	209 .87
4, 71 6. 42	10, 326.4 0
0. 90	1 . 96 
10, 400 . 00	22, 594 . 81
198 .5 6	431 . 12
3, 569 . 12	7, 739 . 80
3, 448 . 57	7, 478 .3 9
1, 200 . 4 0	2, 594 . 68
4, 087 .27	8, 823 .7 4
0. 92	1 . 98
1. 02	2. 1 8
0. 98	2. 0 9
0. 9 9	2. 1 0
20, 51 9. 72	43, 355 .8 0
3. 33	7. 03
-20, 51 9. 72	-43, 235 . 18
20, 519 . 72	43, 168 . 31
0. 52	1. 09 
1. 00	2.0 9
0. 95	1 . 98 
0. 94	1 . 94 
0.8 6	1 . 77 
0.8 6	1 . 77 
25, 982 . 55	53, 117 .7 5
4, 581 . 00	9, 365 .2 2
0.7 9	1 . 61 
0. 58	1 . 18
12, 155.9 9	24, 674 . 94

18 

$17, 525, 000 
We stside Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds , Series 2005 Debt Service Reserve Fund

ARBITRAGE REBATE CALCULATION DETAIL REPORT

DATE

DESCRIPTION	RECE IPTS

FUTURE VALUE @ BOND YIELD OF (5 . 650445%) 

( PAYMENTS) 

04/02/08 
04/14/08 
05/02/08 
05/23/08 
06/03/08 
06/10/08 
07/02/08 
07/07/08 
08/04/08 
08/04 /08 
09/03/08 
10/02/08 
10/21/08 
10/22/08 
10/22/08 
11/04/08 
11/04/08 
11/06 /08 
11/07 /08 
11/19/08 
12/02/08
12/18/08 
01/05/09 
01/16/09 
02/03/09 
02/10/09 
03/03/09 
03/19/09 
04/02/09 
04/14/09 
05/01 /09 
05/04 /09 
05/06/09 
05/11 /09 
06/02/09 
07/02/09 
07/09/09 
07/14/09 
08/04/09 
09 /04/09 
10/09/09 
11/02/09 
11/06/09 
12/04 /09 
12/23/09 

0. 53	1. 07
3, 019. 82	6, 104 .24 
0.60	1 . 21 
2, 53 6.1 6	5, 095 . 72
0.75	1. 50
2, 34 9.2 8	4, 707 . 83
0. 67	1.3 4
2, 184 . 69	4, 359 .7 5
2, 215 . 51	4, 402 . 81
0. 68	1. 35
0. 68	1. 35
0. 68	1. 34
4, 303 . 07	8, 450 .0 4
33, 354 . 14	65, 488 . 2 1
-33, 354 .1 4	-65, 488 . 2 1
54 , 680 . 1 3	107, 160 . 88
0.7 3	1. 43 
-54, 680 . 1 3	-107, 127 . 71 
16, 702 .7 5	32, 718 . 47
1, 509.46	2, 951 . 35
3. 18	6. 21
991 . 62	1, 930 .1 6
1. 89	3. 67
583. 94	1, 131 .7 1
13 . 87	26 .81
307 . 33	593 .4 2
9.4 3	18 . 14
19 6.1 1	376 . 38
6.2 1	11 . 89 
124 . 82	238 . 64

7. 49

416, 050 . 53	793, 331 . 69
3. 93
-152, 280 . 00	-29 0, 145 . 27
0.1 1	0.2 1
4.5 9	8.7 1
2. 4 3	4 . 59 
62 . 63	118 .1 7
-10 . 95	-20 . 65
42 . 0 9	79 .1 1
11 . 02	20 . 62
7. 51	13. 97
296, 297 . 77	549, 376 . 69
6. 58	12 .19 
5. 38	9. 93
7, 731 . 67	14 , 222 .8 6

19 

$17, 525, 000 
Westside Community Development District

Special

(Osceola    County,    Florida) Assessment Revenue Bonds , Series 2005 
Debt Service Reserve Fund

ARBITRAGE REBATE CALCULATION DETAIL REPORT

DATE	DESCRI PTION

RECEIPTS ( PAYMENTS) 

FUTURE VALUE @ BOND YI ELD OF
(5 . 6504 45% )

12/23/09 
12/24/09 
01/07/10 

21, 314 . 58	39, 209 .4 2
10, 718 . 39	19, 714 . 05
5.2 4	9. 62

02/05/10 
03/03/10 
03/ 18/10 
03/1 8/10 

4. 91
30 . 0 0
16, 820 . 95

9. 05
8. 93
54 . 47
30, 538 . 69

03/ 18/10 
03/18/10 
03 /18/10 
03 /18/10 
03/1 8/10 
03/1 8/10 
04/13/10 
05/ 17/10 
06/15 /10 
07/14 /10 
08/06/10 
09 /02 /10 
10/ 07 /10 
11/10/10 
01/10/11 
02/15/11 
03/08 /11 
04/07 /11 
06/24/11 
08/04/11 
08/04/11 
04/01 /16 
04/01 /16 
04/20 /16 
04/20/16 
06/20/17 
11/30/17 

DSRF MMkt Bal

812 .8 6	1, 475 .7 6
1,426. 61	2, 590 . 03
204 . 60	371 . 45 
1, 973 . 61	3, 583 . 12
13, 583. 23	24, 660 . 56
152 . 0 0	275. 96
5.0 8	9.1 9
4. 68	8.4 2
4. 83	8. 65
4. 65	8. 29 
5. 07	9. 01
-51 . 37	-90. 93
10 . 0 0	17 . 60
4. 83	8 . 46 
9. 52	16.52
4. 83	8.34
4. 37	7. 52
4. 84	8 .29 
9. 52	16 . 1 1
4. 69	7.8 9
4. 83	8. 12
42, 021 . 88	54, 501 . 1 4
255, 000 . 00	330, 727 . 50
-42, 021 . 88	-54, 341 . 1 0
-255, 000 . 00	-329, 756 .32
755. 29	915 . 24
566, 594 . 52	669, 78 8.2 6

11/30/17	DSRF  MMkt  Ace
12/01/20	TOTALS :

ISSUE DATE : 12/02/05 COMP DATE : 12/01/20 BOND YIELD : 5. 650 445% 

311 . 2.9	367. 99
155, 883 .3 6	-587, 333 . 72

REBATABLE ARBITRAGE :	-587, 333 . 72
NET INCOME :	155, 883 . 36
TAX  INV YIELD :	1. 802327% 

20

$17, 525, 000 
Westside Community Development Di strict (Osceola County, Florida)
Special Assessment Revenue Bonds , Series 2005 Rebate Computation Credits

ARBITRAGE REBATE CALCULATION DETAIL REPORT

DATE 12/01/06 
12/01/07 
12/01/08 
12/01/09 
12/01/10 
12/01 /11 
12/01/12 
12/01/13 
12/ 01/14 
12/01 /15 
12/0 1/16 

DESCRIPTION

RECEIPTS  ( PAYMENTS)
-1, 000 . 00
-1, 400 . 00
-1, 430 . 00
-1, 490 . 00
-1, 500 . 00 
-1, 520 . 00
-1, 550 . 00
-1, 590.0 0
-1, 620 . 0 0
-1, 650 . 0 0
-1, 650 . 0 0

FUTURE VALUE @ BOND YIELD OF (5. 650445%) 
-2 , 181 . 68
-2 , 888.8 1
-2 , 7 90 .79 
-2, 750 .29 
-2 , 618 . 6 9
-2 , 509.7 9
-2 , 420 . 62
-2, 348 . 51
-2 , 2 63. 14
-2 , 1 80 .1 2
-2, 061 . 96 

12/01/20	TOTALS :	-16, 40 0.0 0	-27, 014 .41 

ISSUE DATE : 12/02/05 COMP DATE : 12/01/20 BOND YIELD : 5. 650445%

REBATABLE ARBITRAGE :	-27, 014 . 4 1

21 

$17, 525, 000 
Westside Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds , Series 2005 General  Fund

YIELD RESTRICTION CALCULATION DETAIL REPORT

DATE

RECEIPTS
DESCRIPTION	( PAYMENTS) 

FUTURE VALUE @ BOND YIELD OF (5. 775445%) 

12/01/08	GF  MMkt  Accrua 12/ 01/08	 GF  MMkt  Balanc

-1. 87	-3 .7 0
-1, 97 6.38	-3, 913 .7 7

12/02 /08 
12/03/08 
01/05/09 
01/15/09 
02/04 /09 
02/10/09 
03/ 04/09 
03/1 7/09 
04/03/09 
04/13/09 
05/04 /09 
06/03/09 
07/03/09 
12/14/09 
12/14/09 
03/04 /13 
04/02 /13 
11/30/17	GF  MMkt  Bal
11/30/17	GF  MMkt  Ace
12/01/20	TOTALS :

-3 . 55
-3. 18 
-1 . 89 
-7 . 39
-13 .87
-0 . 82
-0 . 57
-6 .2 1
-0 . 39
-3 . 93
-4 .5 9
-2 .4 3
34 8.2 5
1, 353. 66
-0 .1 8
-0.29 
392. 8 8
0.2 1
58 . 03

-7 . 0 3
-6 .3 0
-3. 72 
-14 .53
-27 .19 
-1 . 61 
-18 .4 0
-1 .1 1
-12 . 0 6
-0 .76 
-7 . 60
-8. 83 
-4 . 65 
650. 1 2
2, 527 .0 6
-0 .2 8
-0 . 45
466 . 13
0. 25
-388 .4 3

ISSUE DATE : COMP DATE : BOND YIELD :

12/02/05 
12/0 1/20 
5. 775445% 

YIELD REDUCTION AMT :	-388 . 43
NET INCOME :	58 . 03
TAX  INV YIELD :	1 . 14 1364% 

22

REBATE REPORT
$17,510,000
Westside Community Development District
(Osceola County, Florida)
Special Assessment Revenue Bonds Series 2007

Dated: December 1, 2007
Delivered: December 3, 2007

Rebate Report to the Computation Date December 2, 2017
Reflecting Activity To December 2, 2017

-=--� ==---=--=-- ..=--=..-
�=iiVi I a	\:._.:

TABLE OF CONTENTS

AMTEC Opinion	3
Summary ofRebate Computations / Summary ofYield Restriction Computations	4
Summary ofComputational Information and Definitions	5
Methodology	7
Sources and Uses	8
ProofofArbitrage Yield	9
Bond Debt Service	11 
Arbitrage Rebate Calculation Detail Report - Acquisition & Construction Fund	13
Arbitrage Rebate Calculation Detail Report - Cost ofIssuance Fund	14
Arbitrage Rebate Calculation Detail Report - Debt Service Interest Fund	15
Arbitrage Rebate Calculation Detail Report - Debt Service Reserve Fund	16
Arbitrage Rebate Calculation Detail Report - Rebate Computation Credits	18 
Yield Restriction Calculation Detail Report - Acquisition & Construction Fund	19

--

- -

...,

�

--=--===---- --�-� --

--

=-�-�

..,.,.,,,---_-_--__-- ------ ---

--- --

TAX-EXEMPT COMPLIANCE

January 1 1, 2018

Westside Community Development District c/o Ms. Teresa Viscarra
Governmental Management Services-CF, LLC 1412S Narcoossee Road
St. Cloud, FL 34771

Re:		$17,5 10,000 Westside Community Development District, (Osceola County, Florida), Special Assessment Revenue Bonds, Series 2007

Dear Ms. Viscarra:

AMTEC has prepared certain computations relating to the above referenced bond issue (the ''Bonds") at the request ofthe Westside Community Development District(the "District")

The scope of our engagement consisted ofpreparing the computations shown in the attached schedules to determine the Rebatable Arbitrage as described in Section 1 03 of the Internal Revenue Code of 1954, Section 148(f) of the Internal Revenue Code of 1986 (the "Code"), as amended, and all applicable Regulations issued thereunder. The methodology used is consistent with current tax law and regulations and may be relied upon in determining the rebate liability. Certain computational methods used in the preparation of the schedules are described in the Summary of Computational Information and Definitions.

Our engagement was limited to the computation of Rebatable Arbitrage based upon the information furnished to us by the District. In accordance with the terms of our engagement, we did not audit the information provided to us, and we express no opinion as to the completeness, accuracy or suitability of such information for pUipOses of calculating the Rebatable Arbitrage.

We have scheduled the next Report as of November 30, 201 8. Thank you and should you have any questions, please do not hesitate to contact us.

Very truly yours,

Michael J. Scarfo Senior Vice President

90 Avon Meadow Lane, Avon, CT 06001 (860) 321-7521 Fax (860) 321-7581 www.amteccorp.com

SUMMARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: Forthe December 2, 2017 Computation Date
Reflecting Activity from December 3, 2007 through December 2, 2017 
Fund		Taxable		Net	Rebatable Description	Investment Yield	Income	Arbitrage
Acquisition & Construction Fund	1.128249%	$ 3,506. 11 	$ (33,536.89)	
Cost oflssuance Fund	3.637368%	454.28	(899.3 1) 	
Debt Service Interest Fund	2.607434%	19,297.67	(67,176.32)	
Debt Service Reserve Fund	0.605224%	50.263.35	(827.321 .42)	
	Totals	$73,521.41	$(928,933.94)	
Summary
Bond Yield	7.262670%	
Taxable Investment Yield	0.789735%	
Rebatable Arbitrage	$(928,933.94)	
Rebate Computation Credits	(2 1 .838.78)	
Net Rebatable Arbitrage	$(950,772.72)

SUMMARY OF YIELD RESTRICTION COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the December 2, 2017 Computation Date
Reflecting Activity from December 2, 2010 through December 2, 2017 
Fund		Taxable	Yield Reduction Description	Investment Yield		Liability
Acauisition & Construction Fund	0.033874%	$(8,829. 14)
Summary
Bond Yield (+-0.125%) *	7.387670%	
Taxable Investment Yield	0.033874%	
Yield Reduction Liabilitv	$(8,829.14)	
* Pursuant to the Treasmy Regulations Section 1. 148-2(d)(2), for yield restriction purposes, the Bond Yield is adjusted upwardly by 0.125% for funds not held in a refunding escrow or allocable to replacement proceeds.

Based upon our computations, no rebate or yield reduction liability exists.

4

SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION
For purposes ofcomputing Rebatable Arbitrage and Yield Reduction Liability, investment activity is reflected from December 3, 2007, the date of the closing, to December 2, 201 7, the Computation Date. All nonpurpose payments and receipts are future valued to the Computation Date of December 2, 2017.

Computations ofyield are based on a 360-day year and semiannual compounding onthe last day of each compounding interval. Compounding intervals end on a day in the calendar year corresponding to Bond maturity dates or six months prior.

For purposes ofcomputing Rebatable Arbitrage and Yield Reduction Liability, interest earnings and yield, the value of investments, outstanding and subject to rebate at the end of the Computation Period, was as follows:
Fund / Account	Value	I Accrued Interest I	Totals Acquisition & Construction
- Money Market	$	0.33 I	$ o.oo I	$	0.33

I	I

  Debt Service Reserve	

I	I

- Money Market	114.726.25	21.35	714.753.60
Totals	s114,726.58	s21.35	$714,753.93

For investment cash flow, debt service and yield computation purposes, all payments and receipts are assumed to be paid or received respectively, as shown on the attached schedules.

Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.

During the period between December 3, 2007 and December 2, 2017, the District made periodic payments into the Debt Service Interest, Sinking and Redemption Prepayment Funds that were used, along with the interest earned, to provide the required debt service payments.
Under Section 148(f)(4)(A), the rebate requirement does not apply to amounts in certain bona fide debt service funds. The Regulations define a bona fide debt service fund as one that is used primarily to achieve a proper matching ofrevenues with principal and interest payments within each bond year. The fund must be depleted at least once each bond year, except for a reasonable carryover amount not to exceed the greater of the earnings on the fund for the immediately preceding bond year or 1/li11 ofthe principal and interest payments on the issue for the immediately preceding bond year.
We have reviewed the Debt Service Interest, Sinking and Redemption Prepayment Funds and have detemrined that the funds deposited have functioned as a bona fide debt service fund and are not subject to the rebate requirement.

5

DEFINITIONS
Computation Date
December 2, 201 7.
Computation Period
The period beginning on December 3, 2007, the date of the closing, and ending on December 2, 2017, the Computation Date.
Temporary Period
The period ending three years from the date ofthe closing during which time arbitrage profits /lild losses may be blended.
Yield Reduction Period
The period subsequent to the Temporruy Period that proceeds are yield restricted to the yield on the Bonds, plus 0.125%.
Bond Year
Each one-year period (or shorter period from the date of issue) that ends at the close ofbusiness on the day in the calendar year that is selected by the Issuer. Ifno day is selected by the Issuer before the earlier of the final maturity date of the issue or the date that is five years after the date of issue, each bond year ends at the close ofbusiness on the anniversary date ofthe issuance.
Bond Yield
The discount rate that, when used in computing the present value of all the unconditionally payable payments of principal and interest with respect to the Bonds, produces an amount equal to the present value ofthe issue price ofthe Bonds. Present value is computed as ofthe date ofissue ofthe Bonds.
Taxable Investment Yield
The discount rate that, when used in computing the present value ofall receipts ofprincipal and interest to be received on an investment during the Computation Period, produces an amount equal to the fair market value ofthe investment at the time it became a nonpmpose investment.
Issue Price
The price determined on the basis of the initial offering price at which price a substantial amount of the Bonds was sold.

6

Rebatable Arbitrage
The Code defines the required rebate as the excess ofthe amount earned on all nonprnpose investments over the amount that would have been earned if such nonprnpose investments were invested at the Bond Yield, plus any income attributable to the excess. Accordingly, the Regulations require that this amount be computed as the excess of the future value of all the nonprnpose receipts over the future value of all the nonprnpose payments. The future value is computed as of the Computation Date using the Bond Yield

Yield Reduction Liability
The Rebatable Arbitrage accumulated after the Temporary Period, at the bond yield plus 0. 1 25%.

Funds and Accounts
The Funds and Accounts activity used in the compilation of this Report was received from the District and US Bank, Trustee, as follows:

Fund	Account Number	
Revenue	1 19508000	
Acauisition & Construction	1 19508001	
Deferred Cost	1 19508002	
Cost oflssuance
Debt Service Interest Debt Service Sinking	1 19508003
1 19508004	
	1 19508005	
Debt Service Redemntion Prepayment	1 19508006	
Debt Service Reserve	1 19508007	

Bond Yield

METHODOLOGY

The methodology used to calculate the bond yield was to determine the discount rate that produces the present value ofall payments ofprincipal and interest through the maturity date ofthe Bonds.

Investment Yield and Rebate Amount
The methodology used to calculate the Rebatable Arbitrage and Yield Reduction Liability, as of December 2, 20I 7, was to calculate the future value of the disbursements from all funds, subject to rebate, and the value of the remaining bond proceeds, at the yield on the Bonds, to December 2, 2017. This figure was then compared to the future value ofthe deposit of bond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on December 2, 2017, is the Rebatable Arbitrage and Yield Reduction Liability.

7

$17,510,000
Westside Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds, Series 2007 Delivered: December 3, 2007

Sources of Funds

Par Amount	$17,510,000.00	
Ori!tinal Issue Discount	-109,437.50	
Underwriter's Discount	-350,200.00	
Accrued Interest		7.004.00	
	Total	$17,057,366.50	

Uses ofFunds

Acquisition & Construction Fund	$14,405,435.78	
Cost of Issuance Fund	150,000.00	
Debt Service Interest Fund	1,074,310.72	
Debt Service Reserve Fund	1.427.620.00	

Total	$17,057,366.50

8

PROOF OF ARBITRAGE YIELD

$17,510,000
Westside Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds, Series 2007

	Present Value	
	to 1 2/03/2007	
Date	Debt Service	@ 7.2626703%	
05/01 /2008	525,300.00	510,1 17.57	
1 1/01 /2008	630,360.00	590,691.l l	
05/01/2009	800,360.00	723,712.49	
1 1/01/2009	624,240.00	544,679.70	
05/01/2010	809,240.00	681 ,358.76	
11 /01/2010	61 7,580.00	501 ,765.31	
05/01/201 1	81 2,580.00	637,063.09	
ll /01/201 1	610,560.00	461 ,905.97	
05/0 1/2012 	820,560.00	599,024.34	
1 1/01/2012	603,000.00	424,776.37	
05/01/2013	828,000.00	562,836.53	
l l/01 /2013 	594,900.00	390,215.77	
05/01/2014	839,900.00	53 1,615.14 	
l l/01/2014	586,080.00	357,960.88	
05/01/2015	851 ,080.00	501 ,600.49	
l l/01/2015	576,540.00	327,888.30	
05/01/2016	856,540.00	470,059.71	
1 1/01/2016	566,460.00	299,973.95	
05/01 /2017	871 ,460.00	445,31 8.41	
ll /01/2017	555,480.00	273,905.36	
05/01/2018	880,480.00	418,948.37	
ll /01/2018	543,780.00	249,673.90	
05/01/2019	893,780.00	395,994.77	
l l/01/2019	53 1, 180.00	227,095.98	
05/01 /2020	906,1 80.00	373,844.59	
11 /01/2020	51 7,680.00	206,085.26	
05/01/2021	922,680.00	354,442.3 1	
ll/01/2021	503,100.00	1 86,490.91	
05/01/2022	938,100.00	335,553.21	
11 /01/2022	487,440.00	168,245.06	
05/01/2023	952,440.00	31 7,225 .21	
l 1/01 /2023	470,700.00	151 ,280.58	
05/01 /2024	970,700.00	301 ,046.04	
11 /01 /2024	452,700.00	135,477.53	
05/01 /2025	992,700.00	286,670.97	
11 /01/2025	433,260.00	120,732.22	
05/01 /2026	1,013,260.00	272,461 .04	
1 l /01 /2026	41 2,380.00	107,001 .54	
05/01/2027	1,032,380.00	258,488.31	
11 /01 /2027	390,060.00	94,241.38	
05/01 /2028	1,060,060.00	247,1 43.72	
11 /01/2028	365,940.00	82,326.17 	
05/01/2029	1,085,940.00	235,745.16 	
11 /01 /2029	340,020.00	71 ,227.93	
05/01 /2030	1,1 1 5,020.00	225,391 .44	
11/01/2030	312, 120.00	60,881 .49	
05/01 /2031	l, 142, 120.00	214,973.19	
11 /01/2031	282,240.00	51 ,262.53	
05/01 /2032	l, 1 77,240.00	206,326.68	

11 /01 /2032

250,020.00

9

42,283.80

PROOF OF ARBITRAGE YIELD

$17,51 0,000
Westside Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds, Series 2007

	Present Value	
	to 1 2/03/2007	
Date	Debt Service	@ 7.2626703%	
05/01 /2033	1,210,020.00	197,469.83	
I 1/01/2033	21 5,460.00	33,929.99	
05/01 /2034	1,245,460.00	1 89,258.68	
11 /01/2034	178,380.00	26,1 56.59	
05/01 /2035	1 ,288,380.00	182,300.47	
11 /01/2035	138,420.00	18,899.55	
05/01 /2036	1 ,328,420.00	175,023.77	
11/01/2036	95,580.00	12,151.71 	
05/01/2037	1 ,375,580.00	168,758.36	
11 /01/2037	49,500.00	5,859.95	
05/01/2038	1,424,500.00	1 62,727.04	
	43,905,620.00	17,407,566.50	
	
Proceeds Summarv		

Delivery date		

1 2/03/2007	
Par Value		17,51 0,000.00	
Accrued interest		7,004.00	
Premium (Discount)		-109,437.50	

Targetfor yield calculation	17,407,566.50

10 

BOND DEBT SERVJCE

S 17,51 0,000
Westside Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds, Series 2007

Dated Date	12/01 /2007
Delivery Date	1 2/03/2007

Period Ending	

Principal	

Coupon	

Interest	
Debt
Service	Annual Debt Service	
05/01 /2008			525,300	525,300	525,300	
11 /01/2008			630,360	630,360		
05/01/2009	170,000	7.200%	630,360	800,360	1 ,430,720	
1 1/01/2009			624,240	624,240		
05/01/20 10 	185,000	7.200%	624,240	809,240	1 ,433,480	
1 1/01/2010 			61 7,580	617,580		
05/0 1/20 11 	195,000	7.200%	617,580	81 2,580	1 ,430, 160	
11 /01/20 11 			610,560	610,560		
05/0 1 /20 12 	21 0,000	7.200%	610,560	820,560	1 ,431,120	
11 /01/20 12 			603,000	603,000		
05/01 /2013 	225,000	7.200%	603,000	828,000	1 ,431 ,000	
11 /01/20 13 			594,900	594,900		
05/01 /2014 	245,000	7.200%	594,900	839,900	1,434,800	
1 1 /01/2014			586,080	586,080		
05/01/20 15 	265,000	7.200%	586,080	851 ,080	1,437,160	
11 /01/2015 			576,540	576,540		
05/01/2016 	280,000	7.200%	576,540	856,540	1,433,080	
11 /01 /20 16 			566,460	566,460		
05/01 /20 17 	305,000	7.200%	566,460	871 ,460	1 ,437,920	
11/01/2017 			555,480	555,480		
05/0 1/20 18 	325,000	7.200%	555,480	880,480	1 ,435,960	
1 1/01/20 18 			543,780	543,780		
05/0 1/20 19 	350,000	7.200%	543,780	893,780	1,437,560	
1 1/01/20 19 			53 1,180	53 1,1 80		
05/0 1/2020	375,000	7.200%	53 1,180	906, 1 80	1,437,360	
11 /01 /2020			517,680	517,680		
05/01/2021	405,000	7.200%	517,680	922,680	1,440,360	
1 1/01/202 1			503,I 00	503, 100		
05/01/2022	435,000	7.200%	503,I 00	938, 100	1,441,200	
11 /01 /2022			487,440	487,440		
05/01/2023	465,000	7.200%	487,440	952,440	1,439,880	
11 /01/2023			470,700	470,700		
05/01/2024	500,000	7.200%	470,700	970,700	1 ,44 1 ,400	
1 1/01/2024			452,700	452,700		
05/01/2025	540,000	7.200%	452,700	992,700	1,445,400	
1 1/01/2025			433,260	433,260		
05/0 1/2026	580,000	7.200%	433,260	1 ,01 3,260	1,446,520	
1 1/01/2026			41 2,380	412,380		
05/01/2027	620,000	7.200%	412,380	1 ,032,380	1,444,760	
1 1/01/2027			390,060	390,060		
05/0 1/2028	670,000	7.200%	390,060	1,060,060	1 ,450, 120	
11 /01 /2028			365,940	365,940		
05/01/2029	720,000	7.200%	365,940	1 ,085,940	1 ,451 ,880	
11 /01 /2029			340,020	340,020		
05/01/2030	775,000	7.200%	340,020	1,115,020	1,455,040	
I 1 /01 /2030			312,120	312,120		

11 

BOND DEBT SERVICE

$1 7,51 0,000
Westside Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds, Series 2007

Period Ending	

Principal	

Coupon	

Interest	
Debt Service	Annual Debt Service	
05/0 1/203 1	830,000	7.200%	312,1 20	J,1 42, 1 20	1 ,454,240	
I 1/01/2031			282,240	282,240		
05/01/2032	895,000	7.200%	282,240	1,177,240	1 ,459,480	
11 /01 /2032			250,020	250,020		
05/0 1/2033	960,000	7.200%	250,020	1,2J 0,020	1,460,040	
11 /01/2033			21 5,460	21 5,460		
05/0 1/2034	1 ,030,000	7.200%	21 5,460	1,245,460	1 ,460,920	
I J /0 1/2034			1 78,380	1 78,380		
05/0 1/2035	1,110,000	7.200%	1 78,380	1,288,380	1 ,466,760	
I 1/01 /2035			1 38,420	138,420		
05/0 1/2036	1,190,000	7.200%	138,420	1 ,328,420	1 ,466,840	
11 /01/2036			95,580	95,580		
05/01/2037	1,280,000	7.200"/o	95,580	1,375,580	1,471, 160	
I l /01/2037			49,500	49,500		
05/01/2038	1,375,000	7.200%	49,500	1 ,424,500	1,474,000	
1 7,51 0,000	26,395,620	43,905,620	43,905,620

12 

$17, 510, 000 
Westside Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds , Series 2007 Acquisition & Construction Fund

ARBITRAGE REBATE CALCULATION DETAIL REPORT

DATE	DESCRIPTION
12/03/07	Beg Bal
12/03/07
12/03/07 
12/03/07
12/03/07 
12/26/07 
02/29/08 
02/29/08 
02/29/08 
02/29/08 
06/30/08 
07/02/08 
11/25/09 
11/25/09 
11 /25/09 
11/25/09 
11/25/09 
11/25/09 
11/ 25/09 
11/25/09 
11 /25/09 
11/25/09 
11/25/09 
11/25/09 
11/25/09 
11/25/09 
11/25/09 
11/25/09 
12/14/09 
12/14/09 
12/23/09 
12/23/09 
12/24/09 
06/07 /10 
06/07 /10 
11/04/13 
11 /05/13 
12/02/17	AC  MMkt  Bal
12 /02/17	TOTALS :

RECEIPTS  ( PAYMENTS) 
-14, 405, 435 .7 8
5, 959, 883 . 83
6, 150, 395.3 9
11, 868 . 70 
2, 039 , 172 . 51
-44 . 00
1, 623 .4 4
25, 59 6.4 2
3, 246. 86 
138, 324 .3 6
-6, 084 . 8 6
-8 . 99 
1, 660 . 0 0
1, 345 . 0 0
772 . 50 
250.0 0
250 . 0 0
250 . 00
500.0 0
668.7 5
2, 795.8 7
560. 50
925 . 0 0
813.7 5
125 . 0 0
21 8.75
721 . 4 0
3, 395.3 9
384 . 25
1, 353. 66
7, 731 . 67
21, 31 4. 57
10, 718 .3 9
140 . 0 0
28 5.0 0
-172, 211 . 55
200, 000 . 00
0.33
3, 506 . 11

FUTURE VALUE @ BOND YIELD  OF (7 . 262670%) 
-29, 394, 238 .1 8
12, 161, 120 . 81
12, 54 9, 858 . 94
24, 218 .0 4
4, 160, 923 . 93
-89 .37
3, 256 . 65
51, 346 .8 4
6, 513 .25
277, 48 0. 95
-1 1, 917 . 13
-17 . 60
2, 941 .4 9
2, 383 . 32
1, 368 .8 6
443 . 00
443 . 00
443 . 00
885 . 99
1, 185 . 01
4, 954 .24 
993 .20 
1, 639 .0 9
1, 441 . 95
221 . 50
387 . 62
1, 278 .3 1
6, 016 .5 8
678 .33
2, 389 . 65
13, 624 .5 9
37, 560 . 1 0
18, 883.9 9
238 . 82
486 .1 6
-230, 356 . 65
267, 474 . 51
0. 33
-33, 536 .8 9

ISSUE DATE : 12 /03/07 COMP DATE : 12/02/17 BOND YIELD : 7 . 262670%

REBATABLE ARBITRAGE :	-33, 536 .8 9
NET INCOME :	3, 506.1 1
TAX  INV YIELD :	1 . 128249%

13

$17 , 510, 000 
Westside Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds , Series 2007 Cost of Issuance Fund

ARBITRAGE REBATE CALCULATION DETAIL REPORT

DATE	DESCRIPTION

RECEIPTS ( PAYMENTS) 

FUTURE VALUE @ BOND YIELD OF (7 . 2 62670%) 

12/03/07 Beg Bal
12/03/07 
12/03/07 
12/21/07 
12/26/07 
01/03/08 
01/08/08 
01/09/08 
01 /09/08 
01/17/ 08
01/28/ 08
02/13/08 
02/26/08 
06/30/08 
12/02/17 TOTALS :

ISSUE DATE : 12/03/07 COMP DATE : 12/02/17 BOND YIELD : 7. 262670% 

-150, 000 .0 0	-306, 074 .4 4
36, 500 . 0 0	74, 4 78. 11 
30, 000 .0 0	61, 214 .8 9
17, 500 . 00	35, 581 . 54
4, 877 . 50	9, 907 .2 6
4, 735. 12	9, 604 . 73
1, 000 . 00	2, 026 .3 9
1, 500 . 00	3, 038 . 9 9
100 . 00	202 . 60
5, 000 . 00	10, 113 . 91
40, 000 . 00	80, 735 . 10
3, 500 . 00	7, 043 . 35
-343 .2 0	-688 . 8 7
6, 084 .8 6	11, 917 . 1 3
454 .2 8	-899 . 31

REBATABLE ARBITRAGE :	-899 . 31
NET INCOME :	454 .2 8
TAX  INV YIELD :	3. 637368% 

14

$17 , 510, 000 
Westside Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds , Series 2007 Debt Service Interest Fund

ARBITRAGE REBATE CALCULATION DETAIL REPORT

DATE	DESCRIPTION
12/03/07	Beg Bal
01/03/08 
02 /04 /08
03/04/08 
04/02/08 
05/01 /08 
05/02 /08 
06/03/08 
07/02 /08 
08/04 /08 
09/03/08 
10/02/08 
11/ 03/08 
12/02 /17	TOTALS :

RECEIPTS  ( PAYMENTS) 
-1, 074, 310 . 72
-4, 650 .0 0
-4 , 572 .2 9
-3, 42 9.45
-3, 167.2 8
525, 300 . 00
-2 , 539.07
-2 , 3 66 . 68
-2 , 185 . 90
-2 , 239. 01
-2 ,2 14 .42
-2 , 1 65.58
597, 838 .0 7
19, 297. 67

FUTURE VALUE @ BOND YIELD OF (7 . 262670%) 
-2, 192, 127 . 03
-9, 432. 07
-9, 217 . 64
-6, 872 .7 2
-6, 312 .2 0
1, 040, 893.0 0
-5, 030 .2 2
-4, 65 9. 98
-4 , 2 79.3 6
-4, 355 . 63
-4, 283 . 1 1
-4 , 1 64. 64
1, 142, 665 . 30
-67, 176 . 32

ISSUE DATE : 12/03 /07 COMP DATE : 12 /02/17 BOND YIELD : 7. 262670% 

REBATABLE ARBITRAGE :	-67, 176 . 32
NET INCOME :	19, 297. 67
TAX  INV YIELD :	2. 607434% 

15 

$17, 510, 000 
Westside Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds , Series 2007 Debt Service Reserve Fund

ARBITRAGE REBATE CALCULATION DETAIL REPORT

DATE
12 /03/07 
01 /03/08 
02/04/08 
03/04/08 
04/02/08 
05/02/08 
06 /03/08 
07/02/08 
08 /04/08 
09 /03/08 
10/02 /08 
11/ 04/08 
12/ 02/08 
01/05/09 
02/03/09 
03/03/ 09 
04 /02/09 
05/01 /09 
05/04/09 
05/06/09 
05/06/09 
06 /02/09 
07/02/09 
07/14/09 
11/ 02/09 
03/18/10 
03/1 8/10 
03/1 8/10 
03 /18/10 
03/18/10 
03/18/10 
03/18/10 
03/18/10 
05/25/10 
05/25/10 
05/25/10 
05/25/10 
05/25/10 
09 /30/14 
10/01/14 
10/24/14 
10/27/14 
10 /28/14 
10 /28/14 
10/28/14 

RECEIPTS
DESCRIPTION	( PAYMENTS)
Beg Bal	-1, 427, 620 . 00
4, 650 . 00
4, 572 .29 
3, 429 .4 5
3, 167 .28 
2, 539 . 07
2, 366. 68
2, 185 . 90
2, 239 . 0 1
2, 214 .4 2
2, 165.5 8
1,7 39. 76 
1, 425 . 73
1, 026. 29 
608 . 9 1
347 . 38
228 . 81
458, 745 .23
144 .76 
-3, 192. 54
-50, 714 .4 6
43 . 68
16.01
-204 .4 5
233, 036. 66
30 . 00 
16, 820 . 95
812 .8 6
1, 426 . 61
204 . 60
1, 973 . 61
13, 583 . 23
152 .0 0
306 . 25
290 . 00
680 . 00
1, 438 . 75
19, 964 .4 8
17, 230 .5 6
290.51
6, 30 9. 91
5, 000 . 00
921 . 85
60 9. 60
91 . 50

16 

FUTURE VALUE @ BOND YIELD OF (7. 262670% )
-2 , 913, 053 .3 0
9, 432 .0 7
9, 217 . 64
6, 872 . 72
6, 312 .2 0
5, 030 . 22
4, 659 . 98
4,2 79.3 6
4, 355 . 63
4,2 83.1 1
4, 164 . 64
3, 324 . 60
2, 70 9. 42
1, 937 . 63
1, 143 . 25
64 8.3 6
424 . 61
84 6, 424 . 1 8
266. 94
-5, 884 . 68
-93, 479 .8 5
80 .1 0
29 .1 8
-371 .8 1
414, 823 .73 
51 . 98 
29, 146 . 44
1, 408 .4 8
2, 471 . 95
354 . 52
3, 419 . 7 7
23, 536 .29 
2 63 . 38
523 . 65
495 . 87
1, 1 62 .7 3
2, 460. 1 1
34, 137 . 12
21, 606 .3 7
364 .21 
7, 874 .8 1
6, 236 . 32
1, 149 .56 
760 .1 8
114 . 1 0

$17, 510, 000 
Westside Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds , Series 2007 Debt Service Reserve Fund

ARBITRAGE REBATE CALCULATION DETAIL REPORT

DATE	DESCRIPTION 10 /28/14 
10 /28/14 
10/28/14 
12/02/17	DSRF  MMkt  Bal
12/02/17	DSRF  MMkt  Ace
12/02/17	TOTALS :

RECEIPTS  ( PAYMENTS) 
542 . 67
213 .2 4
1, 455 . 12
714, 72 6.25
27 .35
50, 263.35

FUTURE VALUE @ BOND YIELD OF (7 . 26267 0%) 
676 . 72 
265 . 91
1, 814 . 5 6
71 4, 72 6.25
27 . 35
-827, 321 .42

ISSUE DATE : 12/ 03/07 COMP DATE : 12/02/17 BOND YIELD : 7. 262670% 

REBATABLE ARBITRAGE :	-827, 321 . 42
NET INCOME :	50, 263 . 35
TAX  INV YIELD :	0. 605224% 

17 

$17, 510, 000 
Westside Community Development District (Osceola County, Florida) 
Special Assessment Revenue Bonds, Series 2007 Rebate Computation Credits

ARBITRAGE REBATE CALCULATION DETAIL REPORT

DATE	DESCRIPTION 12/02/08 
12/02/09 
12/02 /10 
12/02/11 
12/02 /12 
12/02/13 
12 /02 /14 
12/02/15 
12/02 /16 
12/ 02 /17 
12/02/17	TOTALS: 

RECEIPTS ( PAYMENTS) 
-1, 430 . 00
-1, 490. 00
-1, 500 . 00
-1, 520 . 00
-1 , 550 . 00
-1, 590 . 00
-1, 620 . 00
-1, 650 . 00
-1, 650 . 00
-1, 670 . 00
-15, 67 0. 0 0

FUTURE VALUE  @ BOND YIELD OF (7 . 262670%) 
-2, 717 .54
-2, 636. 60
-2, 471 . 53
-2, 332 . 04
-2, 214 .33
-2, 115 .0 8
-2, 006 .60
-1, 903 . 04
-1, 772 .0 1
-1, 67 0.0 0
-21 , 838 .7 8

ISSUE DATE : 12/03/07 COMP DATE : 12/02/17 BOND YIELD : 7. 262670% 

REBATABLE ARBITRAGE :	-21, 838 .7 8

18 

$17, 510, 000 
Westside Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds , Series 2007 Acquisition & Construction Fund

DATE	DESCRIPTION	( PAYMENTS) 	(7 . 387670%) 	
12/02/10 	Beg Bal	-27, 761 . 10 	-46, 129 .4 0	

YIELD RESTRICTION CALCULATION DETAIL REPORT

RECEIPTS

FUTURE VALUE @ BOND YIELD OF

11/04/13 

12/02/17 

11/ 05/13	AC  MMkt  Bal
12/02 /17	TOTALS :

ISSUE DATE : 12/03/07 COMP DATE : 12/02/17 BOND YIELD : 7 . 387 670% 

-172, 211 . 55	-231, 492 . 13
200, 000 . 0 0	268, 792.0 6
0. 33	0. 33
27 . 68	-8, 829 . 1 4

YIELD REDUCTI ON AMT :	-8 , 829.1 4
NET INCOME :	27 . 68
TAX  INV YIELD :	0. 033874% 

19