Westside Community Development District

Agenda March 6, 2019

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

February 27, 2019

Board of Supervisors Westside Community Development District

Dear Board Members:

The Board of Supervisors of Westside Community Development District will meet Wednesday, March 6, 2019 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
Organizational Matters
Appointment of Individuals to Fulfill Seats #3 & #5
Administration of Oaths of Office to Newly Appointed Board Members
Election of Officers
Consideration of Resolution 2019-11 Electing Officers
Approval of Minutes of the February 6, 2019 Meeting
Consideration of Resolution 2019-10 Authorizing Work Related to Bond Issuance; Approving Limited Retention of Osceola Engineering, Inc. and Approving Form of Developer Funding Agreement
Consideration of Proposal from Osceola Engineering, Inc. to Provide Civil Engineering Services
Discussion of Bifurcation of the Series 2005 & 2007 Bonds
Staff Reports
Attorney
Engineer
District Manager's Report
Approval of Check Register
Balance Sheet and Income Statement
Discussion of Direct Bill Status
Supervisor's Requests
Other Business
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 Organizational Matters. Section A is the appointment of individuals to fulfill Seats #3 & #5 and Section B is the administration of the Oath of Office to the newly appointed Board Members. There is no back-up material. Section C is the election of

officers and Section D is the consideration of Resolution 2019-11 electing officers. A copy of the Resolution is enclosed for your review.

The fourth order of business is the approval of the minutes of the February 6, 2019 meeting. The minutes are enclosed for your review.
The fifth order of business is the consideration of Resolution 2019-10 authorizing work related to a bond issuance; approving a limited engagement of Osceola Engineering, Inc. and approving the form of a developer funding agreement. A copy of the Resolution and funding agreement are enclosed for your review.
The sixth order of business is the consideration of proposal from Osceola Engineering, Inc. to provide civil engineering services associated with the preparation of an Engineer's Report for Parcel K. A copy of the proposal is enclosed for your review.
The seventh order of business is the discussion of the bifurcation of the Series 2005 & 2007 bonds. This is an open discussion item.
The eighth 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 3 is the discussion of the direct bill status. A copy of the summary is 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,

George S. Flint District Manager
CC:	Jan Carpenter, District Counsel Mark Vincutonis, District Engineer Darrin Mossing, GMS
Enclosures

S E-CTION 111

SECTION D

RESOLUTION 2019-11

A RESOLUTION ELECTING OFFICERS OF THE WESTSIDE COMMUNITY DEVELOPMENT DISTRICT

WHEREAS, the Board of Supervisors of the Westside Community Development District at a regular business meeting held on March 6, 2019 desires to elect the below recited persons to the offices specified.

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

1. The following persons were elected to the offices shown, to wit:

Chairman
Vice Chairman Treasurer
Assistant Treasurer Secretary
Assistant Secretary Assistant Secretary Assistant Secretary Assistant Secretary

PASSED AND ADOPTED THIS 6th DAY OF MARCH, 2019.

Chairman/ Vice Chairman

Secretary / Assistant Secretary

MINUTES

MINUTES OF MEETING WESTSIDE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Westside Community Development District was held Wednesday, February 6, 2019 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:

Keith Trace Tom Franklin Scott Stewart
Also present were:
George Flint Andrew d'Adesky Mark Vincutonis William Viasalyers Justin Rowan Bennett Ruedas Amy Steiger

FIRST ORDER OF BUSINESS

Chairman Vice Chairman
Assistant Secretary

District Manager District Counsel District Engineer Field Manager
MBS Capital Markets, LLC by phone Mattamy Homes
Pulte Homes

Roll Call

Mr. Flint called the meeting to order and called the roll.

SECOND ORDER OF BUSINESS	Public Comment Period
There being none, the next item followed.

THIRD ORDER OF BUSINESS	Organizational Matters
Appointment of Individuals to Fill Seats 3 & 5
Administration of Oaths of Office to Newly Appointed Board Members Consideration of Resolution 2019-07 Electing Officers
This item was deferred.

FOURTH ORDER OF BUSINESS	Approval of the Minutes of the December 5,
2018 Meeting

February 6, 2019	Westside Community Development District

On MOTION by Mr. Franklin seconded by Mr. Stewart with all in favor the minutes the December 5, 2018 meeting were approved, as presented.
FIFTH ORDER OF BUSINESS	Consideration	of	Second	Supplement	to
Engineer's Report for Westside Phases 1, 2, & 3 (Solara Phase 2)
Mr. Flint stated you have been provided with a draft of the Engineer's Report.
Mr. Vincutonis stated this is a second draft, I received some comments from Mike Williams and incorporated those into this Report. The Report describes the various elements. The big thing that everyone tends to look at is the cost estimate. The only outstanding question is the Student Drive dollars. Do we want to show that as to be fundable even though it looks like the bond amount is going to be well below the value of the improvements that the COD can fund? I didn't know how best to present that, you are looking at $274,000 for the roadway improvements associated with Student Drive that could be listed under the District dollars as well. That is the only outlying item that I have and that falls to the impact fee agreement that I don't believe Student Drive is part of.
Mr. d'Adesky stated obviously it is a lot of the same stuff we saw in P hase 1, stormwater inlets, pipes, drainage. Under your table on Section 8 you have marked common areas. Do you anticipate any parks or open spaces that are being maintained within the community that are going to be owned by the COD other than landscaping tracts?
Mr. Vincutonis stated no, the only common area tracts are landscape and perimeter landscape tracts.
Mr. d'Adesky stated outside the wall.
Mr. Vincutonis stated depending on where that wall is.
Mr. Stewart stated we anticipate construction of the wall similar to how we did it in Phase 1 so if the wall is maintained by the COD in Phase 1 it ought to have been built on a COD tract similar to it so that is what we are doing in Phase 2. I think we are anticipating the wall to be on its own tract, therefore, the wall and everything outside the wall will be maintained by the COD. Everything inside the wall and the gates, other than the wetlands will be maintained by the HOA.
Mr. Flint stated the wall would fall under the hardscape most likely.
Mr. d'Adesky stated just for clarity and disclosure to the public you might want to scratch the District off of common areas because those tracts seem to follow the landscaping and you

2

February 6, 2019	Westside Community Development District

wouldn't want to give the insinuation that the CDD is maintaining park tracts that are behind a gate and might not be accessible.
Mr. Flint stated you can always put that wall in a wall easement if it doesn't fall on CDD property.

On MOTION by Mr. Trace seconded by Mr. Franklin with all in favor the Draft Second Supplement to the Engineer's Report for Westside Phases 1, 2, and 3, Solara Phase 2, was approved in substantial form subject to modifications to take out the costs associated with Student Drive and any other minor comments from staff with the understanding that subsequent resolutions relating to the bonds will adopt the Engineer's Report in final form.
SIXTH ORDER OF BUSINESS	Consideration	of	Resolution	2019-09
Approving Plat for Parcel K
Mr. d'Adesky stated this is our standard plat acceptance resolution and it has really become an issue in Osceola County now because any time the CDD has a tract inside a potential development we are having to sign off on that both in the case of ownership and dedication. In this case it is a stormwater tract, it is not any new encumbrance on the District, it is because it is within that plat we are having to sign off on it.
Mr. Franklin asked is there anything we can possibly do to give the Chairman authority to review and sign plats without having to have a meeting?
Mr. d'Adesky asked why we don't adopt this and if you want to make that formal motion to delegate to that authority to the Chairman we can do that. If it were an emergency issue I would have the Chairman sign off on that and we would ratify that action at a subsequent meeting but if you want to have an official motion so that it is on the record that we have given the Chairman that delegated authority that would be great.
Mr. Flint stated Osceola County is going to want a resolution so I don't know that delegating authority is going to accomplish what we need. We can do it.
Mr. Trace stated on the resolution it said Storey Park and there are other typos. Mr. d'Adesky stated we will correct those.

On MOTION by Mr. Trace seconded by Mr. Franklin with all in favor Resolution 2019-09 was approved subject to final review by District Counsel.

3

February 6, 2019

SEVENTH ORDER OF BUSINESS

Westside Community Development District

Consideration of Disclosure of Public Financing Report for Solara Phase One Assessment Area

Mr. Flint stated there is a requirement under the statutes that Districts take proactive action to disclose certain information and one of those requirements is that any time a District issues bonds there is something called a Disclosure of Public Financing that is to be recorded in the County's public records. Anyone who is interested or purchases property within the boundaries of the CDD this will show up in the title work that the District has issued bonds and assessments have been levied and imposed. This is related to the Series 2018 Solara Phase 1 Assessment Area bond issue; there is already a separate disclosure for the 2005 and 2007 bonds. It describes the nature ofthe improvements, the information is taken from the Engineer's Report, it also lists the Debt Service per unit and that information is taken from the Assessment Methodology and the budget documents. The O&M assessments, because they are subject to change are not specifically listed in here, but they are referred to my office if they have any questions related to that. It is a fairly static document so it is not updated very often. You often see this document with old Board Members' names in it, we don't update it every time a Board seat changes but right now it does list the current Members of the Board.

On MOTION by Mr. Franklin seconded by Mr. Stewart with all in favor the Disclosure of Public Financing for Solara Phase One Assessment Area was approved and staff was authorized to record the document in the public records of Osceola County.

EIGHTH ORDER OF BUSINESS
Attorney

Staff Reports

Mr. d'Adesky stated I have a Maintenance and Use Easement Agreement with Solara Resort Homeowners Association. Essentially, the HOA wants to maintain a fountain in the pond in Solara Phase I, the geothermal pool heating system, the walking trail around the pond and the retention wall to keep those to a higher standard. It is our standard form Easement Agreement for HOAs to maintain. We have indemnification in case anybody gets injured, we are allowed to remove it if they neglect to keep it up and we can do it at their cost if it is decrepit and falling apart and they are not doing it. We can also step in and maintain it ourselves if we so choose. I recommend approval, there is really no downside to the District.
Mr. Flint stated the HOA hasn't reviewed this yet.

4

February 6, 2019	Westside Community Development District

On MOTION by Mr. Trace seconded by Mr. Franklin with all in favor the Maintenance and Use Easement Agreement with Solara Resort Homeowners' Association was approved in substantial form.
Engineer
There being none, the next item followed.

Manager
Approval of Check Register
Mr. Flint presented the check register from November 29, 2018 through January 29, 2019 in the amount of $727,910.61.

On MOTION by Mr. Franklin seconded by Mr. Stewart with all in favor the check register was approved.
Balance Sheet and Income Statement
A copy of the balance sheet and income statement was included in the agenda package.
No Board action is required.

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

NINTH ORDER OF BUSINESS	Supervisor's Requests
Mr. Trace asked did we ever figure out the streetlighting on that section of Westside Boulevard that doesn't have lights?
Mr. Flint stated we brought back costs and they were exorbitant due to capital costs and I will see where we are on the follow-up for that.

TENTH ORDER OF BUSINESS
There being none,

Other Busine

5

February 6, 2019	Westside Community Development District

On MOTION by Mr. Franklin seconded by Mr. Stewart with all in favor the meeting adjourned at 11:18 a.m.

SecretaryiAssistant Secretary	Chairman/Vice Chairman

6

SECTION V

RESOLUTION NO. 2019-10
A RESOLUTION OF THE BOARD OF SUPERVISORS OF WESTSIDE COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING DISTRICT STAFF TO COMMENCE WORK RELATED TO A SPECIAL ASSESSMENT BOND ISSUANCE RELATED TO IMPROVEMENTS IN THE PROPERTY WITHIN THE DISTRICT COMMONLY REFERRED TO AS "WINDSOR AT WESTSIDE - PHASES 3 AND 3A" WITHIN THE "WINDSOR AT WESTSIDE" DEVELOPMENT; APPROVING THE LIMITED RETENTION OF OSCEOLA ENGINEERING, INC. AS DISTRICT ENGINEER FOR THE PURPOSES OF THIS BOND ISSUE; APPROVING A FORM OF DEVELOPER FUNDING AGREEMENT, AND OTHER MATTERS RELATING TO THE FOREGOING AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the District was created pursuant to the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the "Act"), and by ordinance bearing documentary number 04-34 of the Osceola County Commissioners Council of Osceola County, Florida (the "County Council"), dated August 30, 2004 (the "Ordinance"), as amended by ordinance number 07-19 of the County Council, dated August 20, 2007, for the purpose of planning, financing, constructing, acquiring, operating and/or maintaining certain infrastructure, including surface water management systems, water and wastewater facilities, roadways, landscaping, parks, and recreational facilities and uses; and
WHEREAS, the District has been asked by Pulte Home Company, LLC, a Michigan limited liability company authorized to transact business in Florida (the "Developer") the developer and owner of certain undeveloped lands in the District, to issue bonds intended to be named the Westside Community Development District (Osceola County, Florida) Special Assessment Revenue Bonds, Series 2019 Bonds (Windsor at Westside - Phase 3) (the "Series 2019 Bonds (Windsor at Westside -Phases 3 and 3A)") to provide financing for certain capital improvements, facilities and services to benefit certain lands within the District owned by the Developer and commonly referred to as "Windsor at Westside - Phases 3 and 3A" within the "Windsor at Westside" development; and
WHEREAS, the Developer has agreed to fund the costs authorized by this Resolution; and

Westside CDD [Windsor at Westside - Phases 3 and 3A] Resolution 2019-L0-Authorizing Work on 2019 Bonds

WHEREAS, the District is authorized by the Act and the Ordinance, subject to the limitations set forth in the Act and in the Ordinance, if any, to issue its bonds and other evidence of indebtedness for the purpose, among other things, of constructing and/or acquiring public improvements and community facilities set forth in Section 190.012, Florida Statutes; and
WHEREAS, the District desires to commence preliminary work, including validation proceedings if necessary, to authorize the issuance of its Series 2019 Bonds (Windsor at Westside - Phases 3 and 3A).
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF WESTSIDE COMMUNITY DEVELOPMENT DISTRICT as
follows:
SECTION 1. Authorization. There is hereby authorized staff to begin work related to the issuance of the Series 2019 Bonds (Windsor at Westside - Phases 3 and 3A), with terms, trust documents and further proceedings to be undertaken, as approved by this Board by appropriate later action or resolution.
SECTION 2. Validation. Bond Counsel and District Counsel are hereby authorized to research, and if determined necessary, directed to prepare, file and prosecute proceedings, as deemed necessary or appropriate, to validate in the manner prescribed by the laws of the State of Florida.
SECTION 3. Limited Scope for Retention of District Engineer. The District hereby agrees to retain Osceola Engineering, Inc.as District Engineer for the purposes of preparing the engineering report and performing all other actions necessary for the issuance of the Series 20119 bonds (Windsor at Westside - Phases 3 and 3A), subject to approval of an acceptable contract for these services between the District and the Osceola Engineering, Inc. Osceola Engineering, Inc. shall not perform services as District Engineer for any other matters for the District.
SECTION 4. Engineering and Assessment ProceedinQs. The District Manager and/or the Methodology Consultant, and the District Engineer are hereby authorized and directed to begin preparation of reports and analyses as deemed necessary or appropriate, to allow the District work on the issuance of the Series 2019 Bonds (Windsor at Westside
- Phases 3 and 3A) and to impose special assessments.
SECTION 5. Developer Funding Agreement. Developer has agreed to execute, and the District has approved, the Bond Issue Funding Agreement, in the substantially final form attached hereto as EXHIBIT "A", to provide for the payment of costs associated with this Resolution and the work associated with the Series 2019 Bonds (Windsor at Westside - Phases 3 and 3A). The Chairperson or the Vice Chairperson of the Board are hereby authorized and directed to execute the Bond Issue Funding Agreement, and the Secretary or any Assistant Secretary of the Board is hereby authorized to attest such execution, with such additions, deletions or modifications therein as may be made and approved by the Chairperson or the Vice Chairperson executing the same, such execution to be conclusive evidence ofsuch approval.
Westside COD [Windsor at Westside - Phases 3 and 3A) Resolution 20 19-10 - Authorizing Work on 2019 Bonds

SECTION 6. Open Meetings. It is hereby found and determined that all acts of the Board concerning and relating to adoption of this Resolution were taken in open meetings of the Board and all deliberations of the Board that resulted in such official acts were in meetings open to the public in compliance with all legal requirements, including, but not limited to, the requirements of Florida Statutes, Section 286.011.
SECTION 7. Inconsistent Resolutions and Motions. All prior resolutions of the Board inconsistent with the provisions of this Resolution are hereby modified, supplemented and amended to conform to the provisions herein contained and, except as so modified, supplemented and amended hereby, shall remain in full force and effect.
SECTION 8. Approval of Prior Actions. All actions taken to date by the members of the Board and the staff of the District in furtherance of the issuance of the Series 2019 Bonds (Windsor at Westside - Phases 3 and 3A).
SECTION 9. Effective Date. This Resolution shall become effective immediately upon its adoption.

[Signature page follows]

Westside COD [Windsor at Westside - Phases 3 and 3A] Resolution 2019-10 - Authorizing Work on 2019 Bonds

ADOPTED this _ day of 	2019.

WESTSIDE COMMUNITY DEVELOPMENT DISTRICT

By:	­
Name: --------------
Chairman/Vice Chairman

Attest:

Its: Secretary/Asst. Secretary

Westside CDD (Windsor at Westside - Phases 3 and 3A] Resolution 20[9- L0 - Authorizing Work on 20 19 Bonds

EXHIBIT "A"
FORM OF BOND ISSUE FUNDING AGREEMENT BETWEEN WESTSIDE COMMUNITY DEVELOPMENT DISTRICT
AND DEVELOPER (Windsor at Westside - Phases 3 and 3A)

[see attached 6 pages]

Westside CDD [Windsor at Westside - Phases 3 and 3A] Resolution 2019-10 - Authorizing Work on 2019 Bonds

BOND ISSUE FUNDING AGREEMENT
BETWEEN WESTSIDE COMMUNITY DEVELOPMENT DISTRICT AND DEVELOPER
(Windsor at Westside - Phases 3 and 3A)
THIS BOND ISSUE FUNDING AGREEMENT (this "Agreement") is made and
effective  this  	day  of  		_,  2019,  by  and between WESTSIDE  COMMUNITY
DEVELOPMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, being situated in Osceola County, Florida, (the "District") and PULTE HOME COMPANY, LLC, a Michigan limited liability company authorized to transact business in Florida, located at 3350 Peachtree Road Northeast, Suite 1 50, Atlanta, Georgia 30326 (the "Developer" and, together with the District, the "Parties").
RECITALS
WHEREAS, the District was created pursuant to the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the "Act"), and by Ordinance Number 04-34 of the Osceola County Commissioners Council of Osceola County, Florida (the "County Council"), dated August 30, 2004, as amended by Ordinance 07- 19 of the County Council, dated August 20, 2007 for the purpose of planning, financing, constructing, acquiring, operating and/or maintaining certain infrastructure, including surface water management systems, water and wastewater facilities, roadways, landscaping, parks, and recreational facilities and uses; and
WHEREAS, the District has been asked by Developer to issue the Westside Community Development District (Osceola County, Florida) Special Assessment Revenue Bonds, Series 2019 Bonds (Windsor at Westside - Phases 3 and 3A) (the "Series 2019 Bonds (Windsor at Westside - Phases 3 and 3A)") to provide financing for master capital improvement plan consisting of public infrastructure, improvements, facilities and services to benefit certain undeveloped lands within the District (hereinafter, collectively, the "Windsor at Westside - Phase 3 Assessment Area") and has authorized its staff to begin work related to the issue of the Series 2019 Bonds (Windsor at Westside - Phases 3 and 3A); and
WHEREAS, Developer owns the undeveloped lands within the Windsor at Westside - Phases 3 and 3A Assessment Area; and
WHEREAS, Developer and the District desire to enter into this Agreement to provide funds to enable the District to commence work related to the issuance of the Series 2019 Bonds (Windsor at Westside - Phases 3 and 3A).
NOW THEREFORE, based upon good and valuable consideration and the mutual covenants of the Parties, the receipt of which and sufficiency ofwhich are hereby acknowledged, the Parties agree as follows:
Incorporation ofRecitals. The recitals stated above are true and correct and by this reference are incorporated herein as a material part of this Agreement.

1

Westside CDD - Bonding Funding Agt
2019 Bonds - Windsor at Westside - Phases 3 and 3A 

Provision of Funds. Developer agrees to make available to the District such monies as are necessary to proceed with the issuance of the Series 2019 Bonds (Windsor at Westside - Phases 3 and 3A) as follows:
Developer agrees to provide to the District any such monies upon receipt of an invoice from the District requesting such funds, as invoiced pursuant to an agreement or engagement letter approved by the District. Such funds, and all future funds provided pursuant to this Agreement, may be supplied by check, cash, wire transfer or other form of payment deemed satisfactory in the sole discretion of the District as determined by the District Manager. Developer authorizes the District to direct District staff, including the District Engineer, District Manager, Methodology Consultant, if applicable, the District Counsel and Bond Counsel and other professional assistance as may be necessary, to proceed with the work contemplated by this Agreement.
Developer and the District agree that all fees, costs or other expenses incurred by the District for the services of the District Engineer, District Manager, Methodology Consultant, if applicable, District Counsel and Bond Counsel or other professionals for the work contemplated by this Agreement shall be paid solely from the funds provided by Developer pursuant to this Agreement. Such payments shall be made in accordance with the District's normal invoice and payment procedures. The District agrees that any funds provided by Developer pursuant to this Agreement shall be used solely for fees, costs, and expenses arising from or related to the work contemplated by this Agreement. Developer may be reimbursed for monies paid, as costs of issuance for the Series 2019 Bonds (Windsor at Westside - Phases 3 and 3A), to the extent allowable under the Series 2019 Bonds (Windsor at Westside - Phases 3 and 3A) bond documents and tax law.
Developer agrees to provide funds within fourteen (14) days of receipt of written notification from the District Manager of the need for such funds.
In the event that Developer fails to provide any such funds pursuant to this Agreement, Developer and the District agree the work may be halted until such time as sufficient funds are provided by Developer to ensure payment ofthe costs, fees or expenses which may be incurred in the performance of such work. The District may, in its discretion, place a lien on property (requiring payment as additional assessments) in the District owned by Developer, if such funds are not paid within ninety (90) days of the demand therefor.
Termination. Any of the Parties hereto may terminate this Agreement without cause by providing ten (10) days' written notice of termination. Any such termination by Developer is contingent upon Developer's provision of sufficient funds to cover any and all fees, costs or expenses incurred by the District in connection with the work to be performed under this Agreement as of the date by when notice oftermination is received.

Westside CDD - Bonding Funding Agt	2
2019 Bonds - Windsor at Westside - Phases 3 and 3A

Default. A default by any party under this Agreement shall entitle the other party to all remedies available at law or in equity, which may include, but not be limited to, the right of damages.
Enforcement of Agreement. In the event that any of the Parties is required to enforce this Agreement by court proceedings or otherwise, then the prevailing party shall be entitled to recover all fees and costs incurred, including reasonable attorney's fees and costs for trial, alternative dispute resolution, or appellate proceedings.
Agreement. This instrument shall constitute the final and complete expression of this Agreement between the Parties relating to the subject matter of this Agreement.
Amendments. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by all of the Parties hereto.
Authorization. The execution of this Agreement has been duly authorized by the appropriate body or official of all Parties hereto, each party has complied with all the requirements of law, and each party has full power and authority to comply with the terms and provisions of this instrument.
Notices. All notices, requests, consents and other communications hereunder ("Notices") shall be in writing and shall be delivered, mailed by First Class Mail, postage prepaid, or overnight delivery service, to the parties, as follows:

If to the District:

with a copy to:

Ifto Developer:

Westside Community Development District 135 W. Central Blvd., Suite 320
Orlando, Florida 32801 Attention: District Manager
Latham, Shuker, Eden & Beaudine, LLP 111 N. Magnolia Avenue, Suite 1400
Orlando, Florida 32801
Attention: Jan Albanese Carpenter, Esq.
Pulte Home Company, LLC
3350 Peachtree Road Northeast, Suite 1 50 Atlanta, Georgia 30326
Attention: -	--------

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

3

Westside CDD - Bonding Funding Agt
2019 Bonds - Windsor at Westside - Phases 3 and 3A

other person to whom Notices are to be sent or copied may notify the other Parties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days' written notice to the Parties and addressees set forth herein.
.   Third  Part y  Beneficiaries.    This Agreement  is  solely  for  the  benefit of the formal Parties hereto and no right or cause of action shall accrue upon or by reason hereof, to or for the benefit of any third party not a formal party hereto. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or entity other than the Parties hereto any right, remedy or claim under or by reason of this Agreement or any provisions or conditions hereof; and all the provisions, representations, covenants and conditions herein contained shall inure to the sole benefit of and shall be binding upon the Parties hereto and their respective representatives, successors and assigns.
1 1. Assignment. None of the parties hereto may assign this Agreement or any monies to become due hereunder without the prior written approval of the other parties. Any purported assignment without such prior written approval shall be void.
Controlling Law; Venue. This Agreement and the provisions contained herein shall be construed, interpreted, and controlled according to the laws of the State of Florida. Venue for any action arising hereunder shall be in a court of appropriate j urisdiction in Osceola County, Florida.
Effective Date. The Agreement shall be effective after execution by all Parties hereto and shall remain in effect unless terminated by any of the Parties hereto.
Sovereign Immunity. Nothing contained herein shall cause or be construed as a waiver of the District's sovereign immunity or limitations on liability granted pursuant to section 768.28, Florida Statutes, or other law, and nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing any claim which could otherwise be barred under the Doctrine of Sovereign Immunity or by operation of law.
Public Records. The Developer understands and agrees that all documents of any kind provided to the District or to District Staff in connection with the work contemplated under this Agreement are public records and are treated as such in accordance with Florida law.

[COUNTERPART SIGNATURE PAGES TO FOLLOW]

4

Westside CDD - Bonding Funding Agt
2019 Bonds - Windsor at Westside - Phases 3 and 3A

COUNTERPART SIGNATURE PAGE FOR BOND ISSUE FUNDING AGREEMENT
BETWEEN WESTSIDE COMMUNITY DEVELOPMENT DISTRICT AND DEVELOPER
(Windsor at Westside - Phases 3 and 3A)

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

Attest:

Secretary/Asst. Secretary

DISTRICT:
WESTSIDE COMMUNITY DEVELOPMENT DISTRICT

By: 		 	
Name:---	-----------
Chairman of the Board of Supervisors

S-1

COUNTERPART SIGNATURE PAGE FOR BOND ISSUE FUNDING AGREEMENT
BETWEEN WESTSIDE COMMUNITY DEVELOPMENT DISTRICT AND DEVELOPER
(Windsor at Westside - Phases 3 and 3A)

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

DEVELOPER:
WITNESSES:	PULTE HOME COMPANY, LLC,
a Michigan limited liability company

Print:----------

Print: --	-------

By:	Name:-----------
Title:-	----------

S-2

SECTION VI·

O S C E O LA
IENNCGO I RNPEOERRAI NT   EG 

l □□a FLORIDA AVENUE, SAINT . CLOUD, FL 347 fl9 PHONE  4□7.B9 1  .0452	FAX  407;99 1 . 9 1  73 

February 26, 2019
Westside Community Development District
Governmental Management Services Central Florida, LLC Mr. George Flint
135 W. Central Boulevard, Suite 320
Orlando, FL 32801
SUBJECT: Proposal for Civil Engineering Services associated with the preparation of the Engineer's Report for Parcel K for the Westside CDD located south of Goodman Road in Osceola County, Florida
Dear Mr. Flint:
Osceola Engineering, Inc. (OEI) is pleased to provide this letter as our proposal to provide Professional Services for the proposed project. The scope ofour services is as follows:

CDD Engineering Services - OEI shall provide engineering services in support of the issuance of bonds for the public infrastructure associated with Windsor Parcel K. Services may include, but are not limited to the preparation of cost estimates for CDD maintained infrastructure, preparation of corresponding exhibits, preparation of CDD Engineer's Report, attendance at meetings with Client/County, and preparation of Engineer's testimony.
OUR FEE TO PROVIDE THE SERVICES OUTLINED IN TASK 1 ABOVE SHALL BE AN HOURLY, NOT TO EXCEED AMOUNT OF $7,500.00, PLUS REIMBURSABLE EXPENSES.
PROPOSAL ACCEPTANCE CONDITIONS
Costs for outside consultants are not included in this proposal. These services, if required, will be contracted directly by the client.
Any out-of-pocket expenses shall be billed on a cost basis; i.e., blueprints, express mail, etc. Receipts will be provided upon request. An Hourly Rate and Reimbursable Expense Fee Schedule is attached to this proposal as Exhibit A.
Service fees are on a one-time only basis. Additional services not specified in this proposal will be performed on an as-needed basis, after being authorized by the client.
Application/review fees for plan submittals, and fees for permits required by government agencies will be paid directly by the client and are not included in the OEI permit preparation/submittal fees outlined in this proposal. An estimate of application/review fees will be provided upon receipt of "Notice to Proceed".
Execution of this contract does not guarantee acceptance by governmental agencies. Fees for services rendered will be in effect whether or not the project is accepted by said agencies.

Proposal Page- 2

The contract fees quoted by Osceola Engineering, Inc. will be billed monthly. All reimbursable, i.e. application fees and outside consulting will be billed immediately upon completion. Payment for fees is due and payable within thirty (30) days of the invoice date. Should payment not be received, work on the project will stop until all unpaid invoices are paid. Please note that you are guaranteeing that the debts incurred shall be paid.
Please also note that either party can stop work with a 10-day written notice.
If it becomes necessary to employ an agency or attorney to collect fees, the client shall pay the cost of collection, including attorney fees.
The engineer's liability to the client shall not exceed the amount of fees paid by or due from client to engineer for professional services rendered under this agreement. In no event shall engineer be liable to client or anyone else for special, incidental or consequential damages, including, without limitation, loss of profits, revenue or use of capital or claims of customers, whether based on contract, tort, negligence, strict liability or otherwise.
Services during construction (i.e. bidding services, pre-construction meeting attendance, shop drawing review/approval, monthly pay application review/approval, etc.) are not included in this proposal. These services will be provided on an as needed basis at an hourly rate of $125.00/Hour.
Upon review and acceptance of this proposal, please sign below, and return to this office. Return ofa signed proposal will be considered "Notice to Proceed"

SIGNATURE BELOW ALLOWS THIS PROPOSAL TO SERVE AS OUR CONTRACTUAL AGREEMENT FOR SERVICES. THIS AGREEMENT MAY BE CANCELLED BY THE CLIENT WITH ONE (1) WEEK NOTICE. THE CLIENT WILL COMPENSATE ALL WORK COMPLETED BY THE CANCELLATION DATE.

SIGNATURE	TITLE

Thank you very much for the opportunity of allowing us to serve you. Sincerely,

Broe L. Althafer, P.E. Vice President
Attachments (Exhibit A)

P:\2019 Proposals\Engineering\Private Clients\Pulte - Windsor K CDD\Westside CDD_2019 02 26.doc

DATE

SECTION VI11

SECTl"ON C

SECTION 1

Westside
Community Development District

Summary of Check Register January 30, 2019 to February 26, 2019

	Fund	Date	Check No.'s	Amount		

General		
01/31/19	
1449-1451	
$	
2,905.10	
		02/08/19	1452	$	5,422.75	
		02/15/19	1453	$	111.96	
		02/21/19	1454-1455	$		
		02/26/19	1456-1457	$	249.50	
				$	8,689.31	
Payroll		February 2019 Scott D Stewart	
50245	
$	
184.70	

Thomas O Franklin

50246

 $	184.70 
$	369.40
$	9,oss.n 1

BANK A WESTSIDE COD

A*P* *3 0C0RHECK  DATES  01/30/2019   -   02/26/201Y9EA*R* *-TO-DATEWAECSCTOSUIDNETSCPDADYA-BGLENEPRAELPAFIUDN/CDOMPUTER  CHECK  REGISTER	RUN	2/27/19	PAGE	1

CHDEACTKE

VEND#	. . D. A. T• EINVOIINCEVO. I. C. E. .    . Y. R. MEXOPENDPSTEDATCOCT. #. . SUB	SUBCLASS  VENDOR  NAME

STATUS

AMOUNT

• • • . CHECK . . . . . 

#

AMOUNT

1/31/19   00056	1/30/19   1G0O5O0D8MAN  P2O0N1D9 0J1AN3 21 09-53 800-46400 
1/30/19   1 S0O5L0A8 RA  PN2 D0 1S9 0l 1,S32 2, S0-2 5J3A8N0 01 -9 46400 
1/30/19   1 S0T5O0R8M  WAT2E0R1 9P0N1 D3M2N0T-5J3A8N001-9 46400 
- - - - - - -  -  -  -  - - - - - - - -AQ-UATIC  WEED  MANAGEMENT ,   INC .
1/31/19   00029	1/ 15/19   8P4R0 2E8P/REV2IE0W1 8/E1M2 A3IL1 0/P-H5O1N3E00-31500 

*	100 .00
*	275 .00
*	600 . 00
- - -  - - -  - -  - -  - -9 -75-. 0-0   001449 
*	1,7 18 . 85

LATHAM , SHUKER, EDEN & BEAUDINE , LLP
1/31/19   00007	12/31/18   3N3O5T8 1O2 7F0MT2G0-1 81 /1 20 3/ 1 80-51300-48000 

- - - - - -  - -  -  - -1-, 7-18-. 85-
*	211.25

001450 

2/08/19 00001 

ORLANDO SENTINEL 2/01/19 3 15	201 902 3 10 -5 1300-34000 

MANAGEMENT FEES FEB1 9

2/01/19 315	201902 310-513 00-35100 
2/01/19   3 I1N5FO  TECH2 0F1E9 B0 219 310-51300-31300 
2/01/19   3D1 I5SSEMINA2T0I1O9N02FE3B101 -9 51300-5 1000 OFFICE SUPPLIES
2/01/19 315	20 1902 310-51300-42000 

-  - -  -  -  - - - - -  - -2 -11 -. 2-5   001451 
*	3, 315.33
*	83 .33
*	291 . 67
*	. 18
*	2. 82

2/01/19   3P1O5STAGE

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

2/01/19   3C1 O6 PIES

201902 310-51300-42500 
201902 32 0-53 800-49000 

*	182 .25
*	1,547. 17

2/15/19 00006 

2/21/19 00022 

FIELD MANAGEMENT FEB19	GOVERNMENTAL MANAGEMENT SERVICES 2/05/19   6D-E4L5I1V-E1R8Y2 01 /1 39 0 / 1 39 10-51300-42000 
- - - - - - - - - - - - - - - - - -FE-DEX
2/13/19   5E2N6G73 3SE3RV2IC0 E1 9S-0J1AN31 01 -9 51300-3 1100 
2/13/19  5 E2N6G7 3 S3E3RV2IC0 E1 S9-0J1AN31 01-951300-31 100 

-  -  -  - -  - - -  - - -5-, 4 2-2 -.7 5-  001452 
*	111 . 96
- - - -  -  -  - -  - - -  -1 -1 1-. 9 -6   001453 
*	95 .00
V	95. 00-
.oo

2/21/19 00042 

-  - - -  -  - - -  - -  -  - -  - - - -  -HA-NSON ,   WALTER  &  ASSOCIATES ,   INC . 2/13/19 021319	201902 310-51300-49000 
DISCLOSURE REPORT FEE
2/13/19   0D2I1S3C1L9OSUR2E0 1R9E0P2OR3T10F-E5E1300-49000 
OSCEOLA COUNTY CLERK OF COURT
WEST WESTSIDE	KCOSTA

- - -  -  -  -  - - - -
*	154 .50
V	154 . 50-
-  -  -  -  - - - - - -

001454 

. oo 001455 

BANK A WESTSIDE CDD

A*P* 3* 0C0RHECK  DATES   01/ 30/2019   -   02/26/201Y9EA*R*-*TO-DATEWAECSCTOSUIDNTESCPDADYA-BGLENEPRAEPLAFIUDN/CDOMPUTER  CHECK  REGISTER	RUN	2/27/19 

PAGE	2

CHECK    VEND#	. . D. A• T• EINVOICE • . . . .   . • • EXPENSED  TO . . .	VENDOR  NAME	STATUS

AMOUNT

A. M. O. U. NCTHECK • • #• • • 

DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS

2/26/19   00022	2/ 13/19   5E2N6G7 3S3E3RV2IC0E1 S9 0-J1AN31 01 -9 51300-3 1100	*

DISCLOSURE  REPORT  FEE

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

95 . 00

95.00 001456 

2/26/19 00042 

2/13/19 021 3 19	201902 3 10 -51300-4 9000	*
OSCEOLA COUNTY CLERK OF COURT
TOTAL FOR BANK A TOTAL FOR REGISTER

154 . 50

8,689 . 31
8,689 .3 1

154 . 50 001457 

WEST WESTSIDE	KCOSTA

SECTION 2

Westside
Community Development District
Unaudited Financial Reporting January 31, 2019

Table of Contents

 	Balance Sheet

General Fund I ncome Statement

 	Series 2005 Debt Service Fund I ncome Statement

 	Series 2007 Debt Service Fund I ncome Statement

Series 2018 Debt Service Fund I ncome Statement

 	Capital Projects Fund I ncome Statement

 	Capital Reserve Fund

 	Month to Month

 		Long Term Debt Summary 10-11	 		Assessment Receipt Schedule

WESTSIDE CDD
COMMUNITY DEVELOPMENT DISTRICT COMBINED BALANCE SHEET
January 3 1, 2019

CAPITAL	CAPITAL	CAPITAL
DEBT SERVICE	DEBT SERVICE	DEBT SERVICE	PROJECTS	PROJECTS	PROJECTS	CAPITAL

ASSETS

 	GENERAL		SERIES 2005	SERIES 2007        SERIES 2018	SERIES 200S	SERIES 2007	SERIES 2018	RESERVE	TOTALS

CASH	$	623,307	$	$	$	$	$	26,723	$	$	5,048	$	655,078

INVESTMENTS
STATE BOARD ADMINISTRATION
CONSTRUCTION FUND
DEFERRED COST RESERVE FUND

509,776	296,544	806,319

2,630

2,630
12,231	3,723	15,954
575,638	725,717	115,065	1,416,420
2,256,942	1,708,754	159,635	4,125,331

REVENUE FUND
PREPAYMENT FUND

428	1,459

--	1,887

TOTAL ASSETS	$	1,133,083	$	2,845,239	�439,654	$	274,700	$	$	26,723	�	2,630	$	301,592	$	7,023,620

LIABILITIES

LIABILITIES & FUND BAlANCES

ACCOUNTS PAYABLE	$	3,807	$		$	$	$	$	$	$	$		3,807 ACCR UED PRINCIPAL PAYABLE 2005				875,000								875,000
ACCR UED PRINCIPAL PAYABLE 2007	520,000	520,000

TOTAL LIABILITIES	 	3,807	 	875,000	S2Q,0OO

 	1,3!l8,807

FUND BALANCES
RESTRICTED FOR DEBT SERVICE	$	$	1,970,239	$	1,919,654	$	274,700	$	$ RESTRICTED FOR CAPITAL PROJECTS

26,723	$

2,630

$	301,592

$	4,164,592
330,945

UNASSIGNED	 	1,129,276	 	 		 		 	1,129,276 

TOTAL FUND BALANCES	 	1,129,276 	 	1,970,239	 	1,919,654 	274,700		26,723	 	2,630 	301,592	5,624,813	

TOTAL LIABILITIES & FUND BAlANCES	$	1,133,083	$	2,845,239	$	2,439,654_	$	274,700_	_J_ _	$ 	26,723	$	2.6__30	$	301,592	$	7,023,620	

WESTSIDE CDD COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND
STATEMENT OF REVENUES & EXPENDITURES
For The Period Ending  January 31, 2019

REVENUES:

Maintenance Assessments-On Roll Maintenance Assessments-Off Roll Interest Income
Developer Contribution Miscellaneous Income

TOTAL REVENUES
EXPENDITURES; ADMINISTRATIVE
Supervisor Fees FICA Expense Engineering Fees Legal Services Arbitrage Management Fees
Information 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 Settlement  Agreement Payments
TOTAL ADMINISTRATIVE OPERATIONS  AND MAINTENANCE
Landscape Maintenance
Irrigation Repairs Plant Replacement Electric Streetlighting Irrigation Water Property Insurance Field Management
Lake & Wetland Maintenance Misc. Contingency Stormwater/Lake Repair Transfer Out

TOTAL OPERATION AND MAINTENANCE TOTAL EXPENDITURES

Adopted	Prorated Budget
Budget	Thru 01/31/19

$218,183	$208,025
S463,547	$302,235
$5,000	$1,667
$0	$0
$0	$0

$686,730	$511,927

$12,000	$4,000
$918	$306

$13,333

$10,500	$3,500
$40,000
$1,350	$0
$39,784	SB,261
$1,000	$333
$9,500	$3,167
$6,000	$0
$5,000	$S,000
$3,975	$0
$100	$33
$2,250	$750
$8,600	$8,600
$1,500	$500
$1,800	$600
$1,250	$417
$400	$133
$600	$600

$175

$10	$10
$175
$50,000	$50,000

$196,712	$104,719

$163,170	$54,390
$15,000	$5,000
$30,000	$10,000

$24,333
$19,333

$1,500	$500
$73,000
$58,000
$1,100	$1,100
$18,566	$6,189
$22,800	$7,600
$30,000	$10,000
$15,000	$5,000
$61,884	$0

$490,018	$143,445

$686,730

Actual
Thru  01/31/19	Variance

$208,025	so
$254,245	($47,990)
$2,729
so
$0	$0

$466,665	($45,261)!

$1,000	$3,000
$77	S230
$380	$3,120
$4,289	$9,045
$0	$0
$13,261	($0)
$0
$7,167	($4,000)
$0	$0
$5,000	$0

$25

$0	$0

$577

$257
$854

$243 ($254)

$7,736

$98

$187	$230
$36
$555	$45
$6
$175	$0
$53,750	($3,750)
$95,645	$9,074 i
$50,650	$3,740
$0	$5,000
$0	$10,000
$114	$386
$17,554	$6,780
$9,643	$9,690
$923	$177
$6,189	($0)
$3,900	$3,700
$3,625	$6,375
$0	$5,000
$0	$0
$92,597	$50,847 i
$188,242

EXCESS OF REVENUES OVER (UNDER) EXPENDITURES	$0

FUND BALANCE, BEGINNING	$0

FUND BALANCE, ENDING	$0

2

$278,423

$850,853

$1,129,276

WESTSIDE CDD
COMMUNITY DEVELOPMENT DISTRICT
DEBT SERVICE SERIES 2005
STATEMENT OF REVENUES & EXPENDITURES
For The Period Ending January 31, 2019 

Adopted	Prorated Budget
Budget	Thru 01/31/19

Actual
Thru 01/31/19	Variance

REVENUE

Assessments-On Roll Assessments-Off Roll
Assessments-Accelerated Other Debt Service Funds
Interest Transfer In

$276,643	$191,466
$163,560	$81,780
$774,584	$0
$8,559	$2,853
$0	$0
$0	$0

$191,466	$0
$2,368,814	$2,287,034
$0	$0
$0	($2,853)
$9,698	$9,698
$398	$398

TOTAL EXPENDITURES OTHER FINANONG SOURCES

Other Debt Service Cost Transfer In (Out)
TOTAL OTH ER FINANCING SOURCES (USES)

 	$1,223,345	$399,173

$0

$0
so
$0	$0

$0

TOTAL REVENUE

EXPENDITURES	 	$1,223,345	$276,099	S2,570,376	s2,294,211 1	
Interest - 11/1 Interest - 5/1 Principal - 5/1	$399,173	$399,173
$399,173	$0
$425,000	so	$423,891
so	($24,719)
$0
so	

$423,891	($24,719)1

($28,296)	(S28,296)
so	$0
($28,296)	($28,296!1

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

$2,118,189 ($147,950)

FUND BALANCE, ENDING		$0	$1,970,239

3

WESTSIDE CDD
COMMUNITY DEVELOPMENT DISTRICT
DEBT SERVICE SERIES 2007
STATEMENT OF REVENUES & EXPENDITURES
For The Period Ending January 31, 2019 

REVENUE
Assessments - On Roll
Assessm ents - Off Roll Assessments - Accelerated
Other Debt Service Funds
Bondholder Contributions Land Sale Proceeds

Adopted	Prorated Budget
Budget	Thru 01/31/19

$346,860	S237,462
$59,897	$29,948
$1,020,603	$0
$10,200	$0
$0	$0

Interest	$0	$0	$16,111	$16,111	
TOTAL REVENUE	$1,437,560	$267,410	$1,015,331	$747,921 1	
EXPENDITURES
Interest - 11/1	
$543,780	
$543,780	
$561,060	
($17,280)	

$0	$0

Actual Thru 01/31/19

Variance

$237,462	$0
$761,759	$731,810
$0	$0
$0	$0

$0

s$o0	$0

Interest - 5/1
Principal - 5/1 Special Ca ll - 9/21 Interest - 9/21
TOTAL EXPENDITURES
OTHER FINANONG SOURCES
Other Debt Service Cost Transfer (Out)/ln
TOTAL OTHER FINANONG SOURCES (USES)

$543,780	$0
$350,000	$0
$0	$0
$0	$0
$1,437,560	$543,780

$0

$0	$s0o
$0	$0

$0	$0
$0	$0
$0	$0
$0	$0
$561,060	($17,280)1

($28,296)	($28,296)
so	$0
($28,296)	($28,296)1

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

4

$425,975
$1,493,679
$1,919,654

WESTSIDE COD COMMUNITY DEVELOPMENT DISTRICT
DEBT SERVICE SERIES 2018
STATEMENT OF REVENUES & EXPENDITURES
For The Period Ending January 31, 2019

Adopted	Prorated  Budget
Budget	Thru 01/31/19

Actual
Thru 01/31/19	Variance

REVENUE

Assessments Interest
TOTAL REVENUE EXPENDITURES

I nterest - 11/1 Interest - 5/1 Principal - 5/1
TOTAL EXPENDITURES

$230,130	$159,189
$0	$0
$230,130	$159,189

$89,025	$89,025
$89,025	$0
$50,000	$0
$228,050	$89,025

$159,189	$0
$165	$165
$159,355	$165 I

$89,025
$0	$0
$0	$0
$89,025	so I

EXCESS OF REVENUES OVER (UNDER) EXPENDITURES	$2,080
FUND BALANCE, BEGINNING	$89,025
FUND BALANCE, ENDING	$91,105

5

$204,370
$274,700

WESTSIDE CDD
COMM UNI1Y DEVELOPMENT DISTRICT CAPITAL PROJECTS SERIES 2005, 2007, & 2018
STATEMENT OF REVENUES & EXPENDITURES
For The Period Ending January 31, 2019 

Series	Series
2005	2007

Series
2018	Total

REVENUE

Interest
TOTAL REVENUE EXPENDITURES

Bank Fees

$1 
$1	$4

$100

$8

$3

$8 I

$0	$100

capital Outlay capital Outlay - COi
TOTAL EXPENDITURES OTHER FINANCING SOURCES

Bonds Proceeds Transfer In {Out)

$0	$0
$0	$0
$0	$100

($398)

$0	$0
$0

$0	$0
$0	$0
s100 1

$0	$0
($398)

TOTAL OTH ER FINANCING SOURCES (USES)	($398)	$0
EXCESS OF REVENUES OVER (UNDER) EXPENDITURES	($397)	($96)
FUND BALANCE, BEGINNING	$397	$26,820
FUND BALANCE, ENDING	$0	$26,723

6

$0	!$398)1

$27,216 1

$3	($493)1
$2,627
$2,630	s29,353 1

WESTSIDE CDD              COMMUNITY DEVELOPMENT DISTRICT CAPITAL RESERVE FUND
STATEMENT OF REVENUES & EXPENDITURES
For The Period Ending January 31, 2019

REVENUE

Transfer In Interest
TOTAL REVENUE EXPENDITURES
Miscellaneous Expense Capital Outlay
TOTAL EXPENDITURES

Proposed	Prorated Budget
Budget	Thru 01/31/19

$61,883	$0
$0	$0
$61,883	$0

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

Actual
Thru 01/31/19	Variance

$2,

$0	$0
498	$2,498
$2,498

$0	$0
$0	$0
$0	$0 I

EXCESS OF REVENUES OVER (UNDER) EXPENDITURES	$61,883
FUND BALANCE, BEGINNING	$141,158
FUND BALANCE, ENDING	$203,040

7

$2,498
$299,094
$301,592

WESTSIDE CDD
COMMUNITY DEVELOPMENT DISTRICT
Oct	Nov	Dec	Jan	Feb	Mar	Ap<	May	Jun	Jul	Aug

�

Total

$9,145

Malntenani:e Assessments-On Roll	so	S31,723	So	so	So	$0	So	so	So	$0	$208,025

Malntenana!! Assessments- Off Roll

$79,482	$119,658	$21,003	$0	so	$0

$0	$0	$0	$0	$254,245

Interest Income	$1,030	$1,029	$1,140	Sl,197	$0	$0	$0	$0	$0	$0	$0	$4,395
Oevefoper Contribution	$0	$0	$0	$0	$0	So	$0	so	$0	$0	$0	so	so
Mist Revenue	$0	$0	$0	so	$0	so	$0	so	$0	so	so	So	$0

TOTAL REVENUE	I	$35,133	$112,233

$31,345	so	so	$0	so	so	$0	so	$0	$466,665 1

ADMINISTRATIVE

S77

Supervisor Fees	$200	$400	$400	$0	So	So	$0	so	$0	So	$0	So	$1,000

Fie.a EMpenSe	$15	S31

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

Engineering Fees

$95	S9S	$95	$0	So	$0	$0	$0

$0	$0	$380

Legal Fees	S948	Sl,622	$1,719	so	so	$0	so	So	$0	so	$0	$0
Arbitrage	$0	$0	so	So	$0	$0	$0	so	$0	so	So	so	$0

Man.1gement Fees	S3,31S
Information Technologv	$83	$83

S3,315	S3,315	$0	$0	$0	so
$83	$0	$0	$0	$0

so	$0	$0	$13,261
$0	So	so	$333

Dissemination	$6,292	$292	S292
Trustee	so	so

$0	$0	So	$0	so	$0	So	so	$7,167
so	So	so	So	$0	$0	so	so	$0	so

Assessment Roll Services

so	$0	so	so	so	so	$0	$0	$0	$0	so	ss.ooo

Auditing Services	so	so	so	So	$0	$0	$0	So	so
Telephone	SD	$8	so	so	$0	So	$0	so	$0	so

$0	$0	$0
SD	$8

Post;age and Freight	S334	$127	$2	S113	$0	$0	$0	$0	$0	$0	$0	$0	$577

Insurance - General Liability

$0	$0	$0	so	$0	So	so	$0	$0	So	so	$7,736

Printing and Binding

$29	SS9	$156	So	So	$0	$0

so	So	$0	S257

Legal Advertising	S643		$0	$211		$0	So	$0	$0	$0	So	$0	$0	so	$854 Miscellaneous Services		SS6	$45		S43	$44	$0	So	$0	so	$0	$0	$0	so   $187 Offtoe Supplies			$8		$8		$10	$10	$0	so	$0                  so                 $0                  $0                  $0                  $0                  $36 Property Appraiser's Fee $0 so $0 $555 $0 $0 $0 $0 $0 $0 So $0 $555

Property Taxes	$0	$4

$0	$0	so	$0	so	$0	So	so	$0	S4

Dues, Licenses, Subscriptions		S175	So		$0		so	so	so	so	$0	so	So	$0	so	S17S Settlement Agreement Payments			so          S53,7SO		so		$0	so	so	SO	so	So	so	$0	$0    $53,750 TOTAL ADMINISTRATIVE	I  S24,912          $59,808	SG,261	$4,663	$0	$0	so	So	so so So $0 $95,6451
OPERATIONS AND MAINTENANCE
landscape Maintenance	$12,663	S12,663	$12,663	so	$0	$0	$0	$0	$0	$0	$0
Irrigation Repairs	$0	so	$0	So	$0	so	$0	so	$0	$0	So	so	So

Plant Replacement

$0	$0	$0	$0	so	So	So	$0

$0	So

Electric	$41	$26	S20	S27	$0	$0	So	So	$0	$0	so	$114

Streetllghtlng	S4,383	$4,383

$923

Irrigation Water	$2,413	$1,144	$3,132

S4,404	$0	$0	$0	$0	so	$0	$0	so
$0	$0	so	so	$0	$0	so	so	$9,643

Property Insurance

So	So	$0	so	$0	$0	$0	$0	$0	$0	so	S923

$1,547

Field Management	St,547	Sl,547

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

so	$6,189

lake &Wetland Maintenance

S975	$975	S975	$0	so	$0	so	So	$0	SO	So	$3,900

Mfsc. Contingency	$0	S3,600	$11	$14	$0

so	$0	$0	$0	so	S3,625

Stormwater/Lake Repair	$0	$0	$0	$0	$0	So	$0	so	so	so	so	$0	$0

Transfer Out	$0

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

$0	$0

TOTAL OPERATIONS AND MAINTENANCE	I	S22,945	$24,338	$22,732

So	$0	so	so	so	$0	$0	so	$92,5971 

TOTAL EXPENDITURES	I

$28,992	S27,246	$0	so	$0	so	$0	$0	$0	$0	$188,2421

EXCESS OF REVENUES OVER IUNDER) EXPENDITURES'	(Sl2,724)	S28,087	$258,963

$0	So	$0	so	$0	So	$0	$0	$278,423 I

8

WESTSIDE
Community Development District
LONG TERM DEBT REPORT

$17,050,000

SERIES 2005, SPECIALASSESSMENT REVENUE BONDS

I NTEREST RATE:	5.65%	
MATURITY DATE:	5/1/2037	
RESERVE FUND DEFI NITION	MAXI MUM ANNUAL DEBT SERVI CE	
RESERVE FUND REQUIREMENT	$1,214,786	
RESERVE FUND BALANCE	$570,012	
BONDS O UTSTANDING - 9/30/13		
LESS: PRINCIPAL PAYMENT 5/1/14		
LESS: PRINCIPAL PAYMENT 5/1/15		
LESS: PRINCIPAL PAYM ENT 4/1/16	($255,000)	
LESS: PRINCIPAL PAYMENT 9/21/18 (PREPAYM ENT)	($1,790,000)	
CU RRENT BONDS OUTSTANDING	$15,005,000	

SERIES 2007, SPECIAL ASSESSMENT REVENUE BONDS

I NTEREST RATE:	7. 20%	
MATURITY DATE:	5/1/2038	
RESERVE FUND DEFI NITI ON	MAXIMUM ANNUAL DEBT SERVI CE	
RESERVE FUND REQUI REMENT	$1,427,620	
RESERVE FUND BALANCE	$718,625	
BONDS OUTSTANDI NG - 9/30/13	$17,340,000	
LESS: PRINCIPAL PAYM ENT 5/1/14	$0	
LESS: PRINCIPAL PAYMENT 11/1/14 (PREPAYM ENT)	($550,000)	
LESS: PRI NCI PAL PAYM ENT 5/1/15	$0	
LESS: PRI NCIPAL PAYM ENT 4/1/16	($615,000)	
LESS: PRI NCI PAL PAYMENT 11/1/16 (PREPAYME NT)	($40,000)	
LESS: PRINCIPAL PAYMENT 9/21/18 (PREPAYME NT)	($550,000)	
CURRENT BONDS OUTSTAN DING	$15,585,000	

SERIES 2018, SPECIAL ASSESSMENT REVENUE BONDS

I NTEREST RATE:	5% - 5.2%	
M ATURITY DATE:	11/1/2048	
RESERVE FUND DEFI NITI ON 	MAXI MUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUI REME NT	$115,065	
RESERVE FUND BALANCE	$115,065	

BONDS OUTSTANDING - 2/27/18
CURRENT BONDS OUTSTAN DING

$3,490,000
$3,490,000

9

WESTSIDE
COMMUNITY DEVELOPMENT DISTRICT
SPEOAL ASSESSMENT RECEIPTS · FY2019 TAX COUECTOR
Gross Assessments $ 1,223,741 $	319,753  $	294,300  $	365,000 $	244,688
Net Assessments $  1,150,316 $	300,567  $	276,642  $	343,100  $	230,007
zoos	2007	2018
Date		Gross Assessments	Discounts/	COmmisslons	Interest	Net Amount	General Fund Debt Svc Fund Debt Svc Fund Debt Svc Fund	Total Received	DlsL		Received		Penalties		Paid	Income		Received		26.13%	24.05%	29.83%	20.00%	100%

s

11/9/18	ACH	$	6,983.11  $	348.78  s	139.65  $	$	6,494.68  $	1,697.00  $	1,561.92  $	1,937.14  $	1,298.62  s	6,494.68
11/26/18	ACH	$	122,142.92 $	4,787.76	2,442.91 $	$   114,912.25  $    30,025.55  $    27,635.50  $    34,274.40  $    22,976.81  $ 114,912.25
12/10/18	ACH	$	640,469.26  $	25,616.23 $	12,297.06 $	$  602,555.97  $  157,442.52  $  144,909.99  $  179,721.87  $  120,481.60  $ 602,555.97

4.55

12/12/18	ACH	$	303.71 $

$	5.99  $	s	293.17  $	76.60  $	70.51  $	87.44  $	58.62 $	293.17

s	s	s	s

12/21/18	ACH	$	38,956.80  $	1,318.00 $	752.78  $	$    36,886.02  $	9,637.99 $	8,870.80  $    11,001.84  $	7,375.39  $   36,886.02

s

s

l/11/19	ACH	$	$	188.31  $	188.31 $	49.20	45.29	56.17  $	37.65  $	188.31
1/11/19	ACH	$	2,177.48  $	60.02  $	42.34  $	$	2,075.12	542.21  $	499.05	618.94  $	414.92  $	2,075.12

$	$	$	$	s	$	s	$	s	$

1/11/19	ACH	$	34,437.05 $	1,033.09 $	668.08    $	$   32,735.88 $	8,553.59 $	7,872.72 $	9,763.99 $	6,545.57  $  32,735.88

$	$	$	$	$	s	$	$	$	s

$	s	$	$	s	$	s	$	$	$
$	$	$	$	$	s	$	$	$	$

$	$	s	$	$	$	$	s	s	$

$	$	$	$	$	$	$	$	$	$

s	$	s	$	$	$	$	s	$	$

s	s	$	$	$	$	$	$	s	$

s	s	s

$	$	$	$	$	$	$	s	$	s
$	$	$	$	$	$	$
Total5	s	845,470.33  $	33,168.43  $	16,348 81  s	lf8,31  $   796,141.40  s  208,024.67  s  191,465.77  $   237,461.79 s 159,189.18	796,141.40
DIRECT ASSESSENTS
BOANERGE LLC			$		185,092,20		$ 34,906.52  $ 110,920.00 $ 39,265.68 DATE	DATE	Check		NET AMOUNT	NET AMOUNT GENERAL FUND SERIES 2005	SERIES 2007

s

RECEIVED	DUE	Num	ASSESSED	RECEIVED

s

11/1/18	$	92,546.10 $	$	$
2/1/19	$	46,273.05	$	$	$

s

5/1/19	$	46,273.05 $	$	 $	$
$	lBS,092.20 $	$	$

BR GRAND AT WESTSIDE DST	$	48,514.lS	$    48,514.lS	$
DATE	DATE	Checlc	NET AMOUNT:	NET AMOUNT GENERAL FUND SERIES 2005	SERIES 2007

947

 	RECEIVED		DUE	 	Num		ASSESSED	 RECEIVED	

10/29/18	11/1/18

s	24,257.08  $   24,257.08  $  24,25'1.08 $	$

s	s

2/1/19	$	12,128.S4 $	$	$	$
5/1/19	12,128.54 $	$	$
$	48,514,16  $    24,257.08  $    24 257.08  $	$
DH HORTON	$	84,012.31	$    84,012.31  $	$
DATE	DATE	Check	NET AMOUNT	NET AMOUNT  GENERAL FUND SERIES 2005	SERIES 2007 RECEIVED	DUE	Num		ASSESSED		RECEIVED	  
11/1/18	11/1/18	827916	$	42,006.16  $    42,006.16  $    42,006.16  $	$

5/1/19	21,003.08   $	s$			$	$

1/28/19	2/1/19	868895	$	21,003.08   $     21,003.08  $  21,003.08  $	$
$	84,012.32  s  63,009.24  $   63,009.24  $	$
GOLDEN CAY LLC			$		91,611.84		18,340.n $ 52,640.00 $ 20,631.12 DATE	DATE	Check		NET AMOUNT	NET AMOUNT GENERAL FUND SERIES ZOOS	SERIES 2007

s

RECEIVED	DUE	Num	 	ASSESSED	 RECEIVED	
11/8/18	11/1/18	1091	$	45,805.92 $  45,805.92	9,170.36 $ 26,320.00 $ 10,315.56

s

2/1/19	$	22,902.96 $	$	$	$
 	   5/1/19	 $	22,902.96 $	 $	$
Total	$	91,611.84  $   45,805.92  $	9,170.36 $ 26,320.00 $ 10315.56
LANO ACQUISITION ONE LLC	43,485.25	$   43,485.25	$
DATE	DATE	Check	NET AMOUNT	NET AMOUNT  GENERAL FUND SERIES 2005	SERIES 2007 RECEIVED		DUE	Num		ASSESSED		RECEIVED

s	s

11/8/18	11/1/18	8892	$	21,742.62  $    21,742.62  $   21,742.62 $	$
2/1/19	$	10,871.31 $	$
5/1/19	 	$	10 871.31 $	$	$	$
Total	$	43,485.24  $    21,742.62  $  21,742.62  $	$

10 

WESTSIDE
COMMUNITY DEVELOPMENT DISTRICT
SPEOAL ASSESSMENT RECEIPTS · FY2019

WESTSIDE COD HOLDINGS, INC.	$	119,6S8,38	$   119,6S8.3B     $	$

DATE RECEIVED	DATE DUE	Check
Num	NET AMOUNT	NET AMOUNT    GENERAL FUND      SERIES 2005	SERIES 2007 ASSESSED		RECEIVED	
12/11/18	11/1/18	991820S434	$	59,829.19	$ 59,829.10	$ 59,829.10	$	$	
12/11/18
12/11/18	2/1/19
5/1/19	 		9918205434
9918205434	$	29,914.60
$	29,914.60	$     29,914.60
$      29,914.30	$     29,914.60
$     29,9l4.30	$	$
$	$	
Total	$	119,658.39     $     119,658.00     $    119,658.00     $	$ MATTAMY ORLANDO UC	$		18,971.47	$      18,971A7      $	$
DATE	DATE	Check	NET AMOUNT	NET AMOUNT	GENERAL FUND	SERIES 2005	SERIES 2007	
RECEIVED	DUE	Num	ASSESSED	RECEIVED				

s

10/19/18	11/1/18	8481	$	9,485.73     $	9,845.73    $	9,845.73     $	$
2/1/19	4,742.87    $	$	$	$
5/1/19	$		4,742.87     $		�		$		 $ Total	$	18,971.47     $	9,84S.73      $	9,84S.73     $		$

LAND ACQUISITION ONE LLC	$	13,124.79	$      13,124.79	$
DATE	DATE	Check	NET AMOUNT	NET AMOUNT   GENERAL FUND   SERIES 2005	SERIES 2007

ss

 	RECEIVED	DUE	 	Num		 ASSESSED	RECEMD	      	

s

s	s

	2/1/19		
	5/1/19	$	3,281.20	
Total		$	13,124.79	

11/8/18	11/1/18	8892	6,562.39     $	6,562.39	6,562.39      $	$

s	

3,281.20    $	$
$	$	$	  
$	6,562.39    $	6,562.39     $	$

SUMMARY
TOTAL	GENERAL FUND   SERIES 2005	SERIES 2007	SERIES 2018

TAX ROLL ASSESSED AMOUNT	$	920,309.36  $  300,567.36   $   276,642.00   $   343,100.00   $   230,006.72 DIRECT BILLED AMOUNT	$	604,470.39 $ 381,013.S9 $ 163,S&O.OO $ 59,896.80 $
TOTAL	$	1,524,779.75    $    681,S80.95    $    440,202.00     $    402,996.80    $ 230,006.72
TAX ROLL ASSESSMENTS COLLECTED	$	636,9S2.22     $    208,024.67     $     191,46S.77     $     237,461.79     $   1S9,189.18

s	s

s

s

BOANERGE LLC	s		$	$	$	$ BR GRAND AT WESTSIDE DST	$	24,257.08     $     24,257.08    $	s	$ DH HORTON		63,009.24     $     63,009.24    $	$	s

s

s

GOWEN CAY LLC	45,805.92      $         9,170.36    $      26,320.00	10,315.56
LAND ACQUISITION ONE LLC	$	21,742.62    $    21,742.62	$

s	s

s

WESTSIDE COD HOLDINGS, INC.	$	119,6S8.00	119,658.00	$ MATTAMY ORLANDO LLC	$		9,84S.73		9,84S.73	$
LAND ACQUISITION ONE LLC	s	6,562.39    s	6,562.39    s	s	s
DIRECT BILL ASSESSMENTS COLLECTED	$	290,880.98	254,24S.42      $      26,320.00      $      10,31S.S6     $
TOTALASSESSMENTS COLLECTED	$	927,833.20	462,270.09       $    217,785.77      $     247,777.35      $   159,189.18
VARIANCE	$	596,946.55     $    219,310.86    $    222,416.23     $    155,219.45     $  70,817.54

11 

SECTION 3

Westside CDD FY 2019
Direct  Bill Status

District	Landownde.-	Total O &. M Wc!!!tslde:	Wesbilde <DD 1101d1nos		$119,658
18·25-27•3160--000A·0080
(f<>rmer FalrirlnOs)	2005
2007

DR tlorton	$84,012
18 25-27-3160-0008-0040

lbt.al Debt

Total Due
$0	$119,658
sn
$0

$0	$84,012

Nov Feb May Tot!IJ

Nov

0 &. M	Debt	Totatl	Paid
$59,829.19	$0.00	$59,829.19 Pold @ Clv,ina ·12/11/18
$29,914.60	$0.00	$29,914.60 Pold (i)Closin,• 12/11/18
$29,914.60	$0.00	$29,914.60 Paid IP Clodnc -12/11/lS
5119,65&38	$0.00	$119,658.38
O &. M	Debt	Tot.ill	Paid
$42,006.16	$0.00	$42,006,16 PBld 11/1/19

2005
2007

Golde.n Cay UC	$18,341
07-25•27-5461·0001-0000
2005
2007

BR Grand at Westside	$48,514
06·25-27·5474-0001·0030
2005
2007

$415,856
$135,431

$73,271
$52,64ll
$20,631

$0
$0
$0

$91,612

feb May TO<al

Nov feb May Total

Nov Feb May Total

$21,003.08	$0.00	$21,003.08 Ptlld 1/29/19
$21,003.08	$0.00	$21,003.08
$114,012.31	$0.00	$84,012.31
O&M	Debt	Total	Paid
$g,uo.36	$36,635,56	$45,805.92 Plld 11/8/18
$4,585.18	$18,317.78	$22,902.96
$4,585.18		US,317,78	$22,902.96 518,340.72	57>.271.12	$91,611.84
0 8. M	Debt	Tatllll	Paid
$24,25 7.08	$0.00	$24,257.08 Paid 10/29/18
$12,128.54	$0.00	$12,128.54
$12,128.54	$0.00	$12, 128.54
5411.514.15	S0.00	$48,514.1S
O&M	Debt	To,al	Paid

Land One Acquisition	$43,485
18252?;16000060110

2005

$0	$43,485	Nov Feb May
$0	Total

$21,742.63	$21,742.63 !'aid 11/9/18
$10,871.31	$10,l!7l,31
$10,871.31	$10,871.31
543,485,25	$43,485.25

Mattamy	$18,971
18·25·27·4941·0001·FD10

2007

2005
2007

$0

$0
$0.00
$0.00

$1.8,971

Nov Feb May To�I

O&M	Debt	Total	Paid
$9,485.74	$9,485,74 Paid 10/li'/18
.$4,742..87	$4,742.87
$4,742.87	$4,742.87
$,JS,971.47	$18,971,47

Land One AcqulsltiOn	$13,US
19·25·27·3160·0008·0030

zoos

$0
$0.00

$13,125

Nov
Feb

O&M	Debt	Total	Paid
$6,562.40	$6,562.40 P-•ld 11/8/18
$3,281.20	$3,281.20

2007

$0.00

Mav
Tbtal

$3,281.20	$3,281.20
$13,124.Jg	$13,124.79

Boanerge
07·2S·l7·5461-0001-001S	O&M 
2005 Debt
2007 Debt

$34,90?
$110,920
$39,266

Feb
Moy

Nov

O&M	Debt	Total	Paid
$17,453.26	$75,092.84	$92,546.10
$8,726.63	$37,546.42	$46,273.05
$'7.S•5.42	$46,273.05
$18S,O'Y2.2Q