Westside Community Development District

Agenda April 4, 2018

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

March 28, 2018

Board of Supervisors Westside Community Development District

Dear Board Members:

The Board of Supervisors of Westside Community Development District will meet Wednesday, April 4, 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 February 7, 2018 and February 26, 2018 Meetings
Consideration of Revised Assessment Methodology Report
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
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 February 7, 2018 and February 26, 2018 meetings. Both minutes have been enclosed for your review.

The fourth order of business is the consideration of the revised assessment methodology report.  A copy of the report 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 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,

(

,, .	,
Jason M. Showe District Manager

CC:	Jan Carpenter, District Counsel Mark Vincutonis, District Engineer Darrin Mossing, GMS

Enclosures

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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 7, 2018 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 Keith Trace Mike Dady Scott Stewart
Also present were:
Darrin Mossing Jan Carpenter Santiago Machado Nate Eckloff
Julie Santamaria Shawn Hindle Mark Vincutonis

FIRST ORDER OF BUSINESS

Chairman Vice Chairman
Assistant Secretary Assistant Secretary

District Manager District Counsel District Engineer RBC
RBC
Hanson Walter & Associates Hanson Walter & Associates

Roll Call

Mr. Mossing called the meeting to order at 11:00 a.m. and called the roll.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Eckloff stated the deal was posted yesterday and we are getting into the market as quickly as possible. We generally like a longer timeframe but this has to close before the end of February, so we can meet the developer's expectations. We are hopeful to have a Bond Purchase Agreement by the latter part ofnext week and be able to close the following week.
Mr. Stewart asked what are the rates looking like?
Ms. Santamaria stated right now the ballpark is around 5 ¼%.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the December 6,
2017 Meeting

February 7, 2018	Westside Community Development District

On MOTION by Mr. Dady seconded by Mr. Abel with all in favor the minutes of the December 6, 2017 meeting were approved as presented.

FOURTH ORDER OF BUSINESS	Consideration	of	Resolution	2018-05
Supplementing Resolution 2018-02
Ms. Carpenter stated this is a very simple Resolution supplementing the original Bond Delegation Resolution to change the name of the bonds from 2017 series to a 2018 series. There is no change to any other terms.

On MOTION by Mr. Abel seconded by Mr. Stewart with all in favor Resolution 2018-05 changing the series designation of the Special Assessment Revenue Bonds authorized by Resolution 2018- 02 was approved.

FIFTH ORDER OF BUSINESS	StaffReports
Attorney
Ms. Carpenter stated our Engineer has signed the Certificate of Completion of the 2005 and 2007 bonds. This is the acceptance of the Toho line that Santiago has spent hours on and we appreciate the work that everyone did on that. The Board previously approved Resolutions 2018-03 and 2018-04 accepting the certificate and establishing a completion date. We will update that resolution to be dated today by the Chairman and attach the certificates. I believe the Board approved that at a prior meeting. We will have that signed today and are happy to say the project is completed on the District side of things.

Engineer
Mr. Machado stated the previous connections were completed, I did get confirmation from TWA they accepted the reuse line. I have requested it in writing also to have something more official than the email he sent back to me, but we are still waiting on that.
Mr. Dady asked can you review the history? We had a settlement agreement, there were a number of items required to be completed including the sewer line, the wildlife posting, the filling of the pipes, all this stuff. Pulte entered into a cost sharing agreement with the District for

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February 7, 2018	Westside Community Development District

the maintenance and completion of the Westside Boulevard landscape improvements, there was a cost agreement that may or may not have been fully paid for. Could you summarize that better than I did?
Mr. Machado stated as far as the reuse line goes there was a cost sharing agreement with Pulte Homes where they helped in repairing the reuse line that was remaining out there between Goodman Road and Westside Boulevard, it was a 16" main. Before we could turn that over to TWA they had to repair that. Also, we converted a temporary force main that was constructed back in 2007 over to a reuse line, -we went through the procedure and converted that to reuse and then finally the last few things we were working on these past few months was making the connections from that new reuse line from potable over to the reuse line so that Parcels C, D, and E will be fed by a reuse line.
Mr. Dady asked did Toho offer any type of capacity indication now that we have finished
with our obligation that they are going to serve the balance of Westside?
Mr. Machado stated no, they have not provided that.
Ms. Carpenter stated the only piece that may be left is turning over some of the balance of the road, the parcel that the SPE owns still has title to those road parcels and I believe there is one other deed.
Mr. Dady stated that brings us to your end of the street in terms of the lawsuits that were pending and all these other matters.
Ms. Carpenter stated everything is settled, everything is done, the County has agreed to accept and has asked for those deeds.
Mr. Dady asked the lawsuit was dropped or the District was dropped from the lawsuit?
Ms. Carpenter stated the original one was a lawsuit by a subcontractor of Jr. Davis and that one was settled with Jr. Davis then after that was settled, Jr. Davis threatened a lawsuit with the County and the County asked for a contribution. The County paid a large sum, the District a very small sum to resolve any questions of the construction lien. We are completely done, gone, everyone is relatively happy.
Mr. Dady asked is there any chance now that the County would accept the full length of the roadway for maintenance from the CDD?
Ms. Carpenter responded yes, that is why we need those last deeds because we can give clear title and the District has the one we took by eminent domain in 2007 and we are holding

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February 7, 2018	Westside Community Development District

that until we got the SPE's so we could say this is the final, here it is. We have been maintaining the road.
Mr. Dady stated this is historic, I didn't realize everything had been completed.
Ms. Carpenter stated finishing the Phase 1 and 2 projects, we have completed everything in many cases that were developer obligations or CDD obligations and the County has worked with the developers for the Phase 3 lands to finish up the Phase 3 of Westside Boulevard.
With all the foreclosure, the only thing remaining is the one SPE owned parcel that the SPE owns that Lerner is working on marketing. Once that gets sold there are no issues remaining from the real estate downturn in Florida.
We have one parcel that has a history of slow payment, the Green Gate Lagoon parcel, the prior owner had a settlement and they caught up and paid, they sold it to someone else, those folks didn't pay and we sent a reminder and it turns out their lender foreclosed on them but the lender made the last payment for them and I have the correspondence from their Counsel where they said they would pay last time before they foreclosed. We re-sent it to the right party, the demand, and contacted their lawyers. We are assuming they will pay because they foreclosed they certainly don't want to lose it for CDD payments. That is out there, trustee's Counsel is aware ofit and we posted it on EMMA, the demand letter.
Mr. Mossing stated Green Gate has two payments due, the 1 1/1/17 installment and the
2/1/18, the total is $185,092 and 50% was due 11/1/17, the $92,546 is past due and now the
$46,273 is past due.
Ms. Carpenter stated we will contact their attorney again. He responded quickly that it had been foreclosed and he represents the lender as well.
Mr. Dady asked didn't we have a request to foreclose on them last quarter?
Ms. Carpenter stated yes and that is when the lender stepped in and made the payment saying they were going to foreclose. They did make the payment last year so it seems unlikely that they have gone through the foreclosure they wouldn't make it again. We will follow-up and let you know where that goes.
In the event they don't foreclose and the Trustee says to move forward in filing, is the District on board with filing a foreclosure?

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February 7, 2018	Westside Community Development District

On MOTION by Mr. Abel seconded by Mr. Stewart with all in favor District Counsel was authorized to file a foreclose against Green Gate Lagoon if so directed by the Trustee.

Mr. Machado stated since this is my last meeting Mark Vincutonis is going to be taking over the CDD. He has plenty of experience in other CDDs and I'm sure some of you already know Mark.
Ms. Carpenter stated we will miss you, Santiago.

Manager
Approval of Check Register

On MOTION by Mr. Trace seconded by Mr. Stewart with all in favor the check registers in the amount of $963,719.58 were approved.

Balance Sheet and Income Statement
A copy of the financials was included in the agenda package.

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

Presentation of Arbitrage Rebate Calculation Report
Mr. Mossing stated the arbitrage rebate reports are for both the Series 2005 and 2007 Bonds and they both show large negative arbitrage requirements.

On MOTION by Mr. Abel seconded by Mr. Trace with all in favor the arbitrage rebate calculation reports were accepted.

SIXTH  ORDER OF BUSINESS	Supervisor's Requests Mr. Dady asked who is the gentleman who does our operations? Mr. Mossing responded Brian Smith.

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February 7, 2018	Westside Community Development District

Mr. Dady stated at the last meeting I asked him to check on some fencing that was put up for the Sabal Trail Pipeline that went across multiple properties of the District and I received a phone call that it was down in some portion of the easement area. Will you can ask him to locate that and if there is an issue we need to contact Sabal Trail.

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

SecretaryIAssistant Secretary	ChairmanNice Chairman

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MINUTES OF MEETING WESTSIDE
COMMUNITY DEVELOPMENT DISTRICT

A special meeting of the Board of Supervisors of the Westside Community Development District was held Monday, February 26, 20 18 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 Steven Kalberer Scott Stewart
Also present were:
George Flint Andrew d'Adesky Jan Carpenter Mark Vincutonis Brian Smith
Nate Eckloff Michael Williams Stacey Johnson Bennett Ruedas

FIRST ORDER OF BUSINESS

Chairman Assistant Secretary Assistant Secretary

District Manager District Counsel District Counsel District Engineer Field Manager
RBC Capital Markets Bond Counsel Trustee
Mattamy Homes

Roll Call

Mr. Flint called the special meeting to order at 11:00 a.m.
Mr. Flint stated I would like to reorder the agenda under item three, so item B will be first, C second and the requisition last.

On MOTION by Mr. Abel seconded by Mr. Stewart with all in favor the agenda items were modified as stated above.

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

TIDRD ORDER OF BUSINESS	Financing Matters

February 26, 2018	Westside Community Development District

Consideration of Resolution 2018-06 Finalizing the Special Assessments and Securing the Series 2018 Bonds
Mr. d'Adesky stated Resolution 2018-06 finalizes the special assessments securing the
District's series 2018 Bonds and providing for severability, conflicts and effective date. It is bringing the assessments into line prices at $3,490,000 for the purpose of constructing, installing and acquiring infrastructure improvements and services. That is adjusting the original adoption through Resolution 2018-01, which was for the full potential project costs and those assessments were levied at the $13 million amount for Phase 1 and Phase 2 and bringing that down to the sizing of the bond and just focus on Phase 1. There is a reduction in par debt per unit. The attachments are going to be the supplemental assessment methodology dated February 23, 2018 and the updated assessment roll.
Ms. Carpenter stated as a point of information the bonds were priced on Thursday last week and the closing will occur tomorrow, we will have a pre-closing after the call today. The bonds were priced at that number, the $13 million and the underwriter, RBC is here. The final rate was 5.2%, the sale was successful and that is the reason why we now have this resolution bringing the actual assessments in line. We set them at a high level not knowing the exact amount of the bond issue so this will bring it down for the phases that are part of this bond resolution and keep the Phase 2 at the higher level until those bonds are issued.
Mr. Flint stated Exhibit B to the resolution is the supplemental assessment methodology dated February 23, 2018. Table 1 shows the development plan for the Phase 1 Assessment Area it includes single-family 50, single-family 40 and townhomes a total of 350 equivalent residential units. Table 2 shows the improvement plan totaling $4,55 5,394 and those numbers are taken from Hanson Walter Engineer's Report dated January 16, 2018. Table 3 is the bond sizing, as a result of the actual pricing Table 3 has been updated to reflect the pricing. You can see we are able to fund $2.9 million of the $4.5 million that was identified by the Engineer. It funds the Debt Service Reserve, capitalized interest through November 1, 2018, Underwriter's discount, the Cost of Issuance and the issue discount. The par amount is $3,490,000 with an average coupon rate of 5.14% and a 30-year amortization period with 50% maximum annual Debt Service Reserve. Table 4 shows the improvement costs per unit. Table 5 shows the par debt per unit. Table 6 shows the annual debt assessment per unit. The gross annual debt assessment per unit is the number people are going to see on their tax bill, that is grossed up for the 4% early

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February 26, 2018	Westside Community Development District

payment discount and the cost of collection in Osceola County. We also attached a preliminary assessment roll.

On MOTION by Mr. Abel seconded by Mr. Stewart with all in favor Resolution 2018-06 was approved.

Consideration of Resolution 2018-07 Approving the Acquisition of Solara Tracts and Improvements
Mr. d'Adesky stated Resolution 2018-07 is a resolution accepting the conveyance of real
property interests and improvements related to the Solara Series 2018 project, authorizing the Chairman to execute and deliver and accept all deeds on the documents and easements, affidavits to effectuate the conveyance. We are in the process of issuing our $3,490,000 Bonds and there is a scrivener's error, this was delivered before the pricing, we will update the amount. Mattamy is currently in possession of those parcels and once again the conveyances are usually contemporaneous with the proposed requisition, which is the next item that we are going to consider. At this point the improvements are substantially complete and anticipated to be fully completed in a period of weeks. Therefore, this resolution authorizes the execution of all the deeds and conveyance documents that might be necessary for the delivery of title by Mattamy for us to review and have any necessary affidavits executed.
Ms. Carpenter stated the deeds the execution are contingent on the Engineer signing the certificate that everything is completed and acceptable to the CDD. That is always the last step before we accept so the Chairman wouldn't be signing until staff has signed off on the form of the documents and the Engineer has signed off on the documents.
Mr. d'Adesky stated the Engineer's certificate is one of the documents that is authorized to be accepted once the Engineer signs off on it.
Mr. Vincutonis stated I went out there, I don't know if there has been any recent work over the weekend finishing up sodding.
Mr. Abel stated the County brought up the same thing where the water table is lower than we expected and we may just go ahead and sod.
Mr. Vincutonis stated you had a comment on the pond that was wet/dry and I think the feeling was there might be some silt blocking it and they were going to scrape that out then we can bring you some language that the pond would be contingently accepted. If we can get the

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February 26, 2018	Westside Community Development District

silt out and re-sod it we may not need that language. I'm not sure when we will know the answer to that.

On MOTION by Mr. Abel seconded by Mr. Stewart with all in favor Resolution 2018-07 was approved.

Consideration of Series 2018 Requisition no. 1
Mr. Flint stated requisition no. 1 for the Series 2018 bonds is in the amount of
$2,973,656.67 and is intended to acquire improvements from Mattamy Orlando, LLC as identified in the Engineer's Report. The form of this requisition is in the Trust Indenture for the bonds and it must be signed by a responsible officer of the District and by the Engineer certifying that the improvements are in accordance with the Engineer's report. We are closing on the bonds tomorrow and would hope that the Trustee could fund this soon after the closing. Attached to the requisition is the information from the District Engineer summarizing the improvements that will be acquired by the District and this would be signed by the Chairman today and by the Engineer and held by Trustee pending closing tomorrow.

On MOTION by Mr. Abel seconded by Mr. Stewart with all in favor Series 2018 Requisition no. 1 in the amount of $2,973 ,656.67 was approved.

FOURTH ORDER OF BUSINESS	Consideration	of	Dissemination	Agent
Agreement with GMS-CF, LLC
Mr. Flint stated next is consideration of amendment to the agreement between the District
and Governmental Management Services - Central Florida allowing the District Manager to serve as the Dissemination Agent. The first amendment to our agreement is inpluded in the agenda package. Typically, our agreements include this as a service but this agreement was entered into in 2008 and we didn't have it in that original agreement. Prager Sealy was the prior Dissemination Agent they resigned as Dissemination Agent a year or so ago from all the Districts they were handling. Lerner was named Dissemination Agent for the Series 2005 and 2007 Bonds and we are asking the Board to consider naming us as the Dissemination Agent for the 2018 series.
Mr. d'Adesky stated we read the agreement and it is a standard form agreement.

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February 26, 2018	Westside Community Development District

Ms. Carpenter stated as a practical matter it is helpful to have the Manager do it because they are aware ofwhat is going on.
Mr. Flint stated for the last couple ofyears we have been serving as Dissemination Agent on all the new bond issues.

On MOTION by Mr. Abel seconded by Mr. Stewart with all in favor the Dissemination Agent agreement with GMS-CF, LLC was approved.

FIFTH ORDER OF BUSINESS	Consideration of Maintenance Proposals for
Solara Project
Mr. Flint stated we have a couple maintenance proposals. Brian Smith, the Field Manager, is here and I understand these are related to the new areas.
Mr. Smith stated these are for the retention ponds we were just discussing, for landscape maintenance and aquatic weed control.
Mr. Flint stated it is adding these two into the existing adopted budget. It is fairly tight but we should be able to accommodate these. We will re-evaluate it next year to see if there is going to be an impact on the per unit amount overall for the entire District.

On MOTION by Mr. Abel seconded by Mr. Stewart with all in favor the maintenance proposals for the Solara Project from Yellowstone Landscape and Aquatic Weed Management were approved.

SIXTH ORDER OF BUSINESS	Supervisor's Requests
Ms. Carpenter stated as an update on the road issues, we had the parcel that Jr. Davis owned with the lien, the one parcel the CDD acquired through eminent domain and we' had not turned that over. We were waiting for the County to tum their parcel over. The two parcels in the road that are owned by the SPE, they finally agreed they want to turn those over. I would look for a ratification that if and when there is still one parcel still in Maesbury's name that the County is supposed to take over through the Jr. Davis lien so we would like to approach them with all our deeds and say, get yours done and we will give these to you so we have clear title to the County on Westside Boulevard. I look for a motion to ratify the CDD conveying that parcel

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February 26, 2018	Westside Community Development District

that the CDD took in eminent domain to the County and authorizing the current Chair or Vice Chair to re-sign it because it was signed years ago.

On MOTION by Mr. Stewart seconded by Mr. Abel with all in favor the conveyance of the parcel the CDD took in eminent domain to the County was approved and the Chairman or Vice Chairman were authorized to re-execute it.

SEVENTH ORDER OF BUSINESS	Other Business
There being none, the next item followed.

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

Secretary/Assistant Secretary	Chairman/Vice Chairman

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TABLE 1
WESTSIDE COMMUNITY DEVELOPMENT DISTRICT
PARCEL K DEBT CURRENT

Original Par Debt - 2005 and 2007 Bond Series

* - Only 619 in 2005 Issue

Current Par Debt - 2005 Series

$5,190,286

Product:	
Units	Original Par Per Unit - 2005	Original Par Per Unit - 2007	
Total Par 2005	
Total Par 2007	
Townhome*	650	$6,776	$2,046	$4,194,239	$1,329,900	
Townhome - 2007 added	12	$0	$2,046	$0	$24,552	
Commercial	147	$6,776	$2,046	 	$996,047		$300,762	

� �

$1,655,214

Product: Townhome
Townhome - 2007 added Commercial

Units
619
12
147

Original Par 2005
$4,194,239
$0
$996,047

Payments

so

-$55,045

-$H,072

CurreAt Par - 2005
$4,139,193

$982,975
$5,122,168

Current Par Debt - 2007 Series

Product: Townhome
Townhome - 2007 added Commercial

Original Par 2007
$1,329,900
$24,552
147	$300,762

Payments
$0
$0

Current Par - 2007
$1,329,900
$24,552
 	$300,762	
$1,655,214

Prepared by: Governmental Management Services - Central Florida, LLC

TABLE 2
WESTSIDE COMMUNITY DEVELOPMENT DISTRICT PARCEL K DEBT REVISED BONDHOLDER PLAN

Current Par Debt - 2005 and 2007 Bond Series

Current Par -

Product:

Units

Current Par - 2005

2007

Townhome*	650	$4,139,193	$1,329,900	
Townhome - 2007 added	12	$0	$24,552	

Commercial

147

 	$982,975	$300,762	

* - Only 619 in 2005 Issue

$5,122,168

$1,655,214

Revised Bondholder Plan - Parcel K

Product:	Units
Townhome	234

Current Par Per Unit - 2005
$5,463

Current Par Per Unit -2007
$1,765

:rotal 2005 Par -	Total 2007 Par - turrent	Current
$1;278,386	$413,008

Current Par	$5,122,168	$1,655,214	
Bondholder Writedown of DJabt**	$3,843,781	$1,242,206	

** - Bondholder anticipated to write off principal, as well as outstanding interest and penalties on this amount Prepa red by: Governmental Management Services- Centnr Florida, LLC

TABLE 3
WESTSIDE COMMUNITY DEVELOPMENT DISTRICT PARCEL K DEBT REVISED DEVELOPER PLAN

	Current Par Per	Current Par Per	Total Par -	Total Par -	
Units	ERU	Unit- 2005	Unit · 2007	Current 2005	Current 2007	
	1		$1,765	$524,466	$169,439	
89	1.1	$6,010	$1,765	$534,846	$157,084	
				$1,059,313	$326,523	

New Development Plan • Parcel K

Product: Townhome
Single Family • 40*

Revised Bondholder Par	$1,278,386	$413,008

* - New Product Type and ERU for Parcel K only

True-Up From Developer ===$2===19,0-==74 ======$8�6,4==85  =�$�305�,558
Total

New Development Plan - Parcel K Annual Debt Service Assessments

Current Annual Per Current Armual		Total Par -		Total Par - Product:	Units	ERU	Unit- 2005	Per Unit - 2007	Current 2005	Current 2007 Townhome		96			1		$500		$177			$48,000			$16,992 Single Family - 40		89		1.1		$550		$177			$48,950			$15,753
$96,950	$32,745	$129,695
Total

Prepared by: Governmental Management ServrGes • eentral Elorfda, LLC

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Westside
Community Development District

Summary of Check Register

February 27, 2018 to March 28, 2018

	Fund	Date	Check No.'s	Amount	

General		
03/02/18	
1338	
$	6,600.00	
		03/06/1 8	1339	$	5,307.54	
		03/08/18	1340-1341	$	3,985.33	
		03/09/18	1342-1343	$	18,317.78	
		03/13/18	1344-1345	$	25,172.93	
		03/16/18	1346-1351	$	12,773.71	
				$	72,157.29	

$	72,157.29 j

A*P* 3 00R	YEA* *R*-TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER  CHECK  REGISTER	RUN	3/28/18	PAGE	l

CHECK DATES 02/27/2018 - 03/28/2018 

WESTSIDE CDD - GENERAL FUND BANK A WESTSIDE CDD

CHECK  VEND#	. • . . • INVOICE . . . • .  • • . EXPENSED TO . . .		VENDOR NAME DATE		DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS
3/02/18 00059	2/22/18 14 6606	201802 320-53800-46400 

STATUS	AMOUNT	. • . . CHECK. • . . . 
AMOUNT	#
*	6, 600 . 00

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

-	2/13 MAINT-WETLAND MITIGA BIO-TECH CONSULTING , INC .

-  -  -  - - - -  - -  -  -6-, 6 0-0-. 00-  001338 

3/06/18 00001 

3/01/18 289	201 803 310-51300-34000 
MANAGEMENT FEES MAR18 
3/01/18 289	201803 310-51300-35100
INFO TECHNOLOGY MAR18
3/01/18 289	201 803 310-51300-31300 
DISSEMINATION FEE MAR18 3/01/18 289	201803 310-51300-51000 
OFFICE SUPPLIES
3/01/18 289	201 803 310-51300-42000 
POSTAGE
3/01/18 289	201803 310-51300-42500 
COPIES
3/01/18 290	20 1803 320-53800-49000 
FIELD MANAGEMENT MAR18	GOVERNMENTAL MANAGEMENT SERVICES

*	3, 31 5.33
*	83 . 33
*	29 l . 67 
*	.48 
*	7.0 1
*	62 .55
*	1, 547 . 17

5,3 07 . 54 001339 

3/08/18 00047 

- - - - - - - - - - - - - - - - - - -
2/23/18 2018104	201802 31 0-51300-4 9100 
2017 TAX ROLL FEE	OSCEOLA COUNTY PROPERTY APPRAISER

- - - - - - - - - - - - - - -
*	572 . 28
-  - - -  -  -  - -  - - -  -5-72-. 28-

001340 

3/08/18 00039	10/31/17 187514	201710 320-53800-46000 
INSTALL  OF SOD
10/31/17 187516	201710 320-53800-46000 
INSTALL  OF JUNIPER PLANTS	YELLOWSTONE LANDSCAPE

*	2, 788 . 64
*	624 .41 
- - -  -  - -  -  -  -  -  -3 -, 4 -13 -. 0-5   001341 

3/09/18 00016 

3/09/18 00016 

3/13/18 00016 

3/13/18 00016 

3/08/18 03082018 201803 300-20700-10000 
FY18 ASMT-GOLDEN CAY-2 005	WESTSIDE CDD C/0 USBANK
3/08/18 03082018 201 803 300-20700-10000 
FY18 ASMT-GOLDEN CAY-2007	WESTSIDE CDD C/0 USBANK
3/12/18 03 122018 201 803 300-20 700-10000 
FY 18 DEBT ASMNT - DS 2005	WESTSIDE COD C/0 USBANK
3/12/18 03 122018 201803 300-20700-10000 
FY18 DEBT ASMNT - DS 2007	WESTSIDE CDD C/0 USBANK
WEST WESTSIDE	BPEREGRINO

*	13 , 16 0.00
-  -  -  -  - -  - -  -  -  -13 -, 1 6-0 -. 0-0   001342 
*	5,1 57 .7 8

*

-  -  -  - -  -  -  -  -  -  -5 -, 1-57 -. 7 -8   001343 11,2 36 .7 6
-  -  - -  -  -  -  -  - - -1 1-,2 -3 6-.7 -6   001344 
*	13 , 93 6. 17
13, 936 . 17 001345 

AP30 0R
*** CHECK DATES 02/27/2018 

-   03/28/201Y8EA*R* *-TO-DATEWAESCTCOSUIDNETSCPDADYA-BLGENEPRAELPAFIUDN/CDOMPUTER  CHECK  REGISTER

RUN	3/28/18

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3/16/18 00022 	3/09/18   2P6R2E9P6A3RE /A2T0T1E8N0D2  C3O1 D0-513 00-3 11 00	* 	142. 50
- - - - - - - - - - - - - - - - - -HA-NSON,   WALTER  &  ASSOCIATES,   INC .	
3/16/18 00029 	3/15/18   8M0 E1 5E3TINGS2/C0AL1 8A0B2RI3A1 0/C-O5N1V3E0Y0N-3 1500 	*	3,374 .75	
3/16/18 00007 	- - - - - - - - - - - - - - - - - -LA-THAM, SHUKER, EDEN  &  BEAUDINE ,   LLP
2/19/18   3N5O2T1 3IC7E7  O2F0M1E8 0E2TIN3 G1 0-2-/521 360/01 -8 48000	* 	223 . 17	
3/16/18 00056 	- - - - - - - - - - - - - - - - - -OR-LANDO  SENTINEL
2/28/18   9S5T3O2RMWATE2R01P8O0N2D3M2T0N-5F3E8B0 01 8-46400 	*	600.00	

CHDAETCEK    VEND#	• . D. A. T• IENVOINCVEO. I• C• E• •   • Y. R. EMXOPEDNPSTEDATCOCT. #. . SUB	SUBCLASS

2/28/18   9 G5O3O2DMAN  P2O0N1D8 0H2ER3B2 0IC-I5D3E800-46400 

VENDOR NAME	STATUS

*

AMOUNT

100 . 00

A. M• O. U. NCHTECK • . #• • . 142 .50 00 1346 
3,374 .75 00 1347 

223 . 17 001348 

3/16/18 00039 

3/16/18 00029 

- - - - - - - - - - - - - - - - -AQ-UATIC  WEED  MANAGEMENT ,   INC .
3/01/18   2L0A4N3 3DS8CAPE2 0M1A8 I0N3T3M2A0R-51 38 800-46200	*
- - - - - - - - - - - - - - - - -YE-LLOWSTONE  LANDSCAPE

DEMAND  LETTER/ASMT   ISSUES

2/ 12/18 7 9 677	2 0 1 8 0 1 310- 5 1300- 31100	*
LATHAM , SHUKER, EDEN & BEAUDINE , LLP
TOTAL FOR BANK A TOTAL FOR REGISTER

7, 107 .50

1, 225 .79

72, 157 .29
72 , 157. 29

700 .00 001349 

7, 107 .50 001350 

1,225 .79 001351 

BANK A WESTSIDE CDD

WEST WESTSIDE	BPEREGRINO

Westside
Community Development District
Unaudited Financial Reporting February 28, 2018

Ta ble of Conte nts

 	Balance Sheet

 	General Fund Income Statement

 	Series 2005 Debt Service Fund Income Statement

 	Series 2007 Debt Service Fund Income Statement

 	Series 2018 Debt Service Fund Income Statement

 	Cap ital Projects Fund I ncome Statement

 	Capital Reserve Fund

 	Month to Month

 	Long Term Debt Summa ry

10-11	 	Assessment Receipt Schedule

CASH INVESTMENTS
CONSTRUCTION FUND
COST OF ISSUANCE	$	544,852	$	$	$	$	$	26,988	$	$	5,695

24,650	$	577,535

24,650	
DEFERRED COST		12,064	3,672			15,736	
INTEREST FUND				120,678		120,678	
RESERVE FUND		567,771	715,799	115,065		1,398,635	
REVENUE FUND		1,482,620	930,995			2,413,615	

ASSETS

WESTSIDE CDD
COMMUNITY DEVELOPMENT DISTRICT COMBINED BALANCE SHEET
February 28, 2018

	DEBT	CAPITAL	CAPITAL	CAPITAL			
	DEBT SERVICE	DEBT SERVICE	SERVICE	PROJECTS	PROJECTS	PROJECTS	CAPITAL		
      GENERAL		SERIES 2005	     SERIES 2007 	SERIES 2018	SERIES 2005	   SERIES 2007 	SERIES 2018	RESERVE	TOTALS	

394

394

PREPAYMENT FUND	1,790,034	551,459	2,341,494

--

SBA	498,374	149,658.62	648,033
DUE FROM CAPITAL	6,940	6,940

TOTAL ASSETS	$	1,050,167	$	3,852,489

___L____1,_201,926	$    235,743	$

�	26,988	$	24,650	$	155,353	- �	7,547,710

LIABILITIES & FUND BALANCES
LIABILITIES
ACCOUNTS PAYABLE	$	16,252	$	$	$	$	$	$	$		$	16,252 DUE TO GENERAL FUND										6,940	$		6,940
DUE TO OTHER SPE	23,173	23,173
ACCRUED INTEREST PAYABLE 2005	948,918	948,918
ACCRUED INTEREST PAYABLE 2007	2,908,620	2,908,620
ACCRUED PRINCI PAL PAYABLE 2005	2,260,000	2,260,000
ACCRUED PRINCIPAL PAYABLE 2007	 		745,000	 	 	 		 	 		745,000
TOTAL LIABILITIES	16,252	3,232,090	3,653,620	 	 		 	 	6,940	6,908,902

FUND BALANCES
RESTRICTED FOR DEBT SERVICE	$	$	620,399	$	(1,451,694)	$   235,743	$	$	$	$	$	(595,552)

RESTRICTED FOR CAPITAL PROJECTS
UNASSIGNED	1,033,915	--

26,988	24,650	148,413	200,445
1,033,915

TOTAL FUND BALANCES	1,033,915	 	620,399	 	(1,451,694)	 	235,743	 	394	 	26,988	24,650	148,413	 	638,808 
TOTAL LIABILITIES & FUND BALANCES	$	1,050,167	$	3,852,489	$	2,201,926	$    235,743	_$_	394	_$	2§,988	$	24,650	$	155,353	$	7,547,710

REVENUES:
Maintenanee Assessments-On Roll Maintenance Assessments-Off Roll Interest Income
Developer Contribution 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 Streetlightlng Irrigation Water
TOHO Connection Work Property Insurance Field Management
Lake & Wetland Maintenance Misc. Contingency Stormwater/Lake Repair Transfer Out
TOTAL OPERATION AND MAINTENANCE TOTAL EXPENDITURES
EXCESS OF REVENUES OVER (UNDER) EXPENDITURES FUND BALANCE, BEGINNING
FUND BALANCE, ENDING

WESTSIDE CDD            COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND
STATEMENT OF REVENUES & EXPENDITURES
ForThe Period Ending February 28, 2018

Adopted	Prorated Budget
Bud et	Thru 02/28/18

$218,183	$184,602
$463,S47	$313,049
$200	$83
$0	$0
$681,930	$497,735

$12,000	$5,000
$918
$10,500	$4,375
$40,000	$16,667
$1,200	$900
$39,784	$16,577
$1,000	$417
$6,000	$6,000
$6,000	$0
$5,000	$5,000
$3,975	$0
$100
$2,250	$938
$8,600	$8,600
$2,000	$833
$1,500	$625
$1,250	$521
$400	$167
$600	$600
$10	$10
$175	$175
$53,750	$53,750
$197,012	$121,577

$87,855	$36,606
$15,000	$6,250
$30,000	$12,500
$1,500	$625
$55,000	$22,917
$60,000	$25,000
$0	$0
$1,100	$1,100
$18,566	$7,736
$22,800	$9,500
$30,000	$12,500
$15,000	$6,250
$148,098
$484,918	$140,984
$681,930

$0

Actual
Thru 02/28/18	Variance

$184,602	$0

$440

$341,841	$28,791
$5,545
$532,429	$34,694 J

$1,400	$3,600
$107	$275
$6,093	($1,718)
$7,455	$9,211
$900	$0
$16,577	($0)
$417	$0
$6,000	$0
$0	$0
$5,000	$0
$0	$0

$599

$17	$24
$338

$533

$7,736	$864
$300
$223	$402
$228	$293
$126
$572	$28
$4
$175	$0
$53,750	$0
$107,595	$13,982 J
$35,538	$1,069
$0	$6,250
$4,747	$7,753
$287	$338
$21,646	$1,271
$14,709	$10,291
$17,550	($17,550)
$923	$177
$7,736	($0)
$12,100	($2,600)
$2,539	$9,961
$0	$6,250
$0	$0
$117,773	s23,210 I
$225,368
$307,060
$726,855
$1,033,915

2

WESTSIDE CDD
COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE SERIES 2005
STATEMENT OF REVENUES & EXPENDITURES
For The Period Ending February 28, 2018 

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

Adopted	Prorated Budget
Budget	Thru 02/28/18

$276,643	$193,201
$163,560	$96,350
$774,584	$0
$11,442	$4,767
$0	$0
$1,226,228	$294,318

$410,614	$410,614
$410,614	$0
$405,000	$0

Actual
Thru 02/28/18	Variance

$193,201
$26,320	($70,030)
$0	$0
$0	($4, 767)
$11,933	$11,933
$231,454	($62,864)1

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

TOTAL EXPENDITURES	$1,226,228	$410,614	$474,459	($63,845)1	
OTHER FINANCING SOURCES					
Other Debt Service Cost Transfer In (Out)	$0
$0	$D	($166,104)
$5,220	($166,104)
$5,220	
TOTAL OTHER FINANCING SOURCES (USES)	$0	$0	1$160,884!	($160,884)1	
					
EXCESS OF REVENUES OVER (UNDER) EXPENDITURES	$0		($403,889)		
					
FUND BALANCE, BEGINNING	$0		$1,024,288		
					
FUND BALANCE, ENDING	$0		$620,399		

3

WESTSIDE COD                COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE SERIES 2007 STATEMENT OF REVENUES & EXPENDITURES
For The Period Ending February 28, 2018

REVENUE
Assessments - On Roll Assessments - Off Roll Assessments - Accelerated Other Debt Service Funds
Bondholder Contributions Land Sale Proceeds Interest
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
Bud et	Thru 02/28/18

$346,860	$239,613
$59,897	$34,607
$1,020,603	$0
$8,600	$3,583
$0	$0
$0	$0
$0	$0
$1,435,960	$277,804

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

$0	$0
$0	$0
$0

Actual
Thru 02/28/18	Variance

$239,613	$0
$10,316	($24,291)

($3,583)

$0	$0
$0	$0
$0	$0
$6,587	$6,587
$256,516	($21,287)1

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

($137,407)	($137,407)
($5,220)	($5,220)
($142,627!	($142,627)I

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

4

($466,970) ($984,724) ($1,451,694)

WESTSIDE CDD               COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE SERIES 2018 STATEMENT OF REVENUES & EXPENDITURES
For The Period Ending February 28, 2018

REVENUE
Assessments Interest
TOTAL REVENUE EXPENDITURES
Interest - 11/1
Interest - 5/1 Principal - 5/1
TOTAL EXPENDITURES OTHER FINANCING SOURCES
Bonds Proceeds

Adopted	Prorated Budget
Bud et	Thru 02/28/18

$0	$0
$0
$0

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

Transfer (Out)/l n	$0	$0	$0	$0	
TOTALOTHER FINANCING SOURCES (USES)	$0	$0	$235,743	so I	
EXCESS OF REVENUES OVER (UNDER) EXPENDITURES	$0		$235,743		
FUND BALANCE, BEGINNING	$0		$0		
FUND BALANCE, ENDING	$0		$235,743		

$0	$0

Actual
Thru 02/28/18	Variance

$0	$0
$0	$0
$0	so I

$0	$0
$0	$0
$0	$0
$0	so I

$235,743	$235,743

5

WESTSIDE             CDD         COMM UNI1Y DEVELOPMENT DISTRICT CAPITAL PROJECTS SERIES 2005, 2007, & 2018 STATEMENT OF REVENUES & EXPENDITURES
For The Period Ending February 28, 2018

REVENUE
Interest
TOTAL REVENUE EXPENDITURES
Bank Fees
Capital Outlay

Series	Series
2005	2007

$1
$1	$4

$125

Capital Outlay - COi	$0	$0	$255,950	$255,950	
TOTAL EXPENDITURES OTHER FINANCING SOURCES		$125	$3,229,607	$3,229,132 I	

$0

Series
2018	Total

$6
$0	$6 I

$0	$125
$2,973,657	$2,973,657

Bonds Proceeds Transfer In (Out)

$0	$0
$0	($0)

$3,254,257	$3,254,257 ($0)

TOTAL OTHER FINANCING SOURCES (USES)	$0
EXCESS OF REVENU ES OVER (UNDER) EXPENDITURES	$1	($121)

$394

FUND BALANCE, BEGINNING	$392	$27,109

$3,254,257	$3,2s4,2s6 I
$24,650	($120)!
$0	$27,502 j

FUND BALANCE, ENDING

$26,988

$24,650	$52,032 1

6

WESTSIDE CDD
COMMUNITY DEVELOPMENT DISTRICT CAPITAL RESERVE FUND
STATEMENT OF REVENUES & EXPENDITURES
For The Period Ending February 28, 2018

REVENUE
Transfer In

Proposed	Prorated Budget
Bud et	Thru 02/28/18

Interest	$0	$0	$1,622	$1,622	
TOTAL REVENUE	$148,098		$1,622	$1,622 I	
EXPENDITURES
Capital Outlay		
$0	
$6,940	
($6,940)	
TOTAL EXPENDITURES	$0	$0	$6,940	($6,940)1	
EXCESS OF REVENUES OVER (UNDER) EXPENDITURES	$148,098		($5,318)		
FUND BALANCE, BEGINNING	$148,703		$153,731		
FUND BALANCE, ENDING	$296,800		$148,413		

$148,098

Actual
Thru 02/28/18	Variance

$0	$0

7

REVENUE

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

_  Au!

__?�e_t	Total

Maintenance Assessments-On Roll	$0	$22,926	$136,844	$10,200	$14,632	$0	so	$0
Maintenance Assessments- Off Roll	$24,257	$11,027	$278,937	$22,877	$4,743	$0	$0

so	so	$0	$184,602

$440

so	o

$0	$0	s	$341,841

Interest Income

$28

$321	$18	so	so

so	so	so	so

Miscellaneous  Revenue	$0	$0	$0	$0	so	$0	so	$0	$0	$0	S5,545
TOTAL REVENUE	I	$24,287	$33,981	$415,824	S38,943	$19,393	$0	$0	$0	$0	$0	$0	$0	$532,4291 EXPENDITURES
ADMINISTRATIVE
Supervisor Fees	$400	$0	$400	$0	$600	so	$0	$0	so	$0	$0	$0	$1,400

Fica E,cpense	$31	so

$0	$46	$0	$0	so

so	so	S107

$1,459

$3,375

Engineering Fees	$190	$190	S95	$5,476	$143	$0	So	$0	$0	so	so	$0	$6,093

legal Fees

$2,096	$526	$0

$0	$0	$0	$0	$0

$0	Sl,455

$3,315

Arbitrage	$0	$0	$0	$900	$0	$0	$0	$0	$0	$0	$0	S900

$83

$83

Management Fees Information Technology

S3,315	$3,315
$83	S83

so	$0	so	$0	$0	$0	$0	$16,577
$0	$0	$0	$0	$0	$D	$0	$417

Dissemination	$6,000	$0	$0	$0	$0	$0	$0	$D	$0	$0	$0	$6,000

Trustee

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

Assessment Roll Services	$0
Auditing Services	$0

$0	$0

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

$5,000
$0

Telephone	$11	$0	$0

$0	$0	so	$0

$0	$0	$17

Postage and Freight

$124

$46	$0	$0	$0	$0	$0	$0	$0	$599

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

$0	$0	$0	so	$0	$0

$0	$7,736

Printing and Binding	$69	S54	$10	$90	So	$0	$0	$0	$0

$42

Legal Advertising	so

$0	$0	$223	so	$0	so

$0	$0	$0	$223

Miscellaneous Services

$45

$49	so	so	$0	so	so	so	so	$228

Office Supplies	Sl	$18	SlD	so	$11	soo

$0	$0	$0	$0
$0

Property Appraiser's Fee	so	$0

$0	$572	s

$0	$0	$0	$0

$175

Property Taxes	$0	$0
$0

so	so	$0

so	so	so

$175

$53,750	$0	$0	so	$0	so	$0	so	$0	so	so	S53,750	
$59,702		$9,933	$8,553	SD	$0	so	$0	$0	so	$0	s101,59s 1	
S7,108	$7,108	$7,108	$7,108	$0	$0	so	so	$0	so	$0	$35,538	

Dues, Licenses, Subscriptions
Settlement Agreement Payments	so
TOTAL ADMINISTRATIVE	I	S24,842 OPERATIONS AND MAINTENANCE
Landscape Maintenance

$0	$0	so

$0	so

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

so

Plant Replacement	$3,413	S933	$400	$0	so	$0	so	so	$0	$0	so	so

Irrigation Water	$2,576	
TOHO Connection Work
Property Insurance	$0	
Field Management
Lake & Wetlarid Maintenance	S6D0	

Electric Streetlighting

S60		$63		S58		SS8	$0	$0	$0	so	$0	so	$0		$287 S4,316	$4,316	$4,316	$4,383	so	so	$0	so	$0	so		$21,646

$17

$3,506	$4,384	$4,226

so	so	$0

$0	$0	so	Sl4,709

$923

$0	$0	$17,550	$0	$0	$0	$0	so	so	$0	so	S17,550
$0	$0	$0	$0	$0	$0	$0	$0

$1,547	$1,547	Sl,547	$1,547

so	so	so	so	so	$7,736

Misc. Contingency Stormwater/Lake Repair Transfer Out
TOTALOPERATJONS AND MAINTENANCE

TOTAL EXPENDITURES

EXCESS OFREVENUESOVER(UNDER) EXPENDITURES

$600	S9,700	so	so	so	$0

$D	$985	Sl,402	$0	$0	$0	$0	$0	$0	$0	$0	$2,539	
	so
$0	so
$0	$0	$so0	so
$0	so
$0	$0	$0	so
$0	$0
so	$0
so	$0
so	
I	S2D,6B2	$18,069	S19,402	$36,807	$22,812	$0	$D	$0	so	so	so	$117,7731	
$45,524 $77,771 S23,968	$46,740	S31,365	so	$0	$0	$0	$0	$0	$0	$225,368 1	
I	($21,238}	$391,857			$0		$0			$0		$307,060 1	

so	$0	so

$0	$0	$12,100

8

WESTSIDE

SERIES 2005, SPECIAL ASSESSMENT REVENUE BONDS

INTEREST RATE:	5.65%	
MATURITY DATE:	5/1/2037	
RESERVE FUND DEFINITION	MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$1,214,786	
RESERVE FUND BALANCE	$567,771	
BONDS OUTSTANDING - 9/30/13	$17,050,000	
LESS: PRINCIPAL PAYMENT 5/1/14	$0	
LESS: PRINCIPAL PAYMENT 5/1/15	$0	
LESS: PRINCIPAL PAYM ENT 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	$715,799	
BONDS OUTSTANDING - 9/30/13	$17,340,000	
LESS: PRINCIPAL PAYMENT 5/1/14
LESS: PRINCIPAL PAYMENT 11/1/14 (PREPAYMENT)	
($550,000}	
LESS: PRINCIPAL PAYMENT 5/1/15		
LESS: PRINCIPAL PAYM ENT 4/1/16	($615,000)	
LESS: PRINCIPAL PAYMENT 11/1/16 (PREPAYMENT)	($40,000)	
CURRENT BONDS OUTSTANDING	$16,135,000	

SERIES 2018, SPECIAL ASSESSMENT REVENUE BONDS

INTEREST RATE:	5% - 5.2%	
MATURITY DATE:	11/1/2048	
RESERVE FUND DEFINITION	MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$115,065	
RESERVE FUND BALANCE	$115,065	
BONDS OUTSTANDING - 2/27/18	$3,490,000	

CURRENT BONDS OUTSTANDING	
$3,490,000	

9

WESTSIDE
COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT RECEIPTS - FY2018 TAX COLLECTOR

Gross Assessments $ Net Assessments $

940,503    $
884,072    $

281,203    $
264,330    $

294,300    $
276,642    $

365,000
343,100

Date Received	

Dist.	
Gross Assessments Received	
Discounts/ Penalties	
Commissions Paid	
Interest Income	
Net Amount Received	
General Fund 29.90%	2005
Debt Svc Fund 31.29%	2007
Debt Svc Fund 38.81%	
Total 100%	

11/9/17	
ACH	
$	7,294.57	
$	385.80	
$	138.18	
$	-	
$	6,770.59	
$	2,024.35	
$	2,118.64	
$	2,627.60	
$	6,770.59	
11/24/17	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	
12/15/17	ACH	$	448,818.78	$	17,950.20	$	8,617.36	$	-	$ 422,251.22	$ 126,249.66	$ 132,129.92	$ 163,871.64	$ 422,251.22	
12/28/17	ACH	$	37,492.50	$	1,334.51	$	723.16	$	-	$ 35,434.83	$ 10,594.72	$ 11,088.19	$ 13,751.92	$ 35,434.83	
1/16/18	ACH	$	32,799.35	$	983.96	$	636.32	$	-	$ 31,179.07	$	9,322.28	$	9,756.49	$ 12,100.30	$ 31,179.06	
1/16/18	ACH	$	2,964.29	$	83.70	$	57.60	$	-	$	2,822.99	$	844.05	$	883.36	$	1,095.58	$	2,822.99	
1/26/18	ACH	$	-	$	-	$	-	$	112.93	$	112.93	$	33.76	$	35.34	$	43.83	$	112.92	
2/14/18	ACH	$	51,044.62	$	1,107.69	$	998.74	$	-	$ 48,938.19	$ 14,632.12	$ 15,313.63	$ 18,992.44	$ 48,938.19	
3/9/18	ACH	$	36,743.45	$	410.03	$	726.67	$	-	$ 35,606.75	$ 10,646.12	$ 11,141.99	$ 13,818.64	$ 35,606.74	
3/9/18	ACH	$	309.03	$	-	$	6.18	$	-	$	302.85	$	90.55	$	94.77	$	117.53	$	302.85	
		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Totals		$	691,771.84	$	25,227.82	$	13,330.88	$	112.93	$ 653,326.07	$ 195,339.12	$ 204,437.36	$ 253,549.57	$ 653,326.05	

DIRECT 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

10/31/17	11/1/17	5987
1/22/18	2/1/18	6155
5/1/18

$	24,257.07    $
$	12,128.54    $
$	12,128.54    $
$	48,514.15    $

24,257.08    $
12,128.54    $
-	$
36,385.62    $

24,257.08    $
12,128.54    $
-	$
36,385.62    $

-	$	-
-	$	-
-	$	-
-	$	-

HOVHANIAN MAGNOLIA AT WESTSIDE LLC

$	14,330.83

$ 14,330.83 $

-	$	-

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

1/10/18	11/1/17	602177
1/27/18	2/1/18	609858
3/12/18	5/1/18	624124
Total

$	7,165.41    $
$	3,582.71    $
$	3,582.71    $
$	14,330.83    $

7,165.41    $
3,582.71    $
3,582.71    $
14,330.83    $

7,165.41    $
3,582.71    $
3,582.71    $
14,330.83    $

-	$	-
-	$	-
-	$	-
-	$	-

KB HOMES ORLANDO

$	22,054.79

$ 22,054.79 $

-	$	-

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

11/6/17	11/1/17	8709111
2/1/18
5/1/18
Total

$	11,027.39    $
$	5,513.70    $
$	5,513.70    $
$	22,054.79    $

11,027.39    $
-	$
-	$
11,027.39    $

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 RECEIVED	DUE	Num		ASSESSED		RECEIVED

12/4/17	11/1/17	94
2/26/18	2/1/18	1056
5/1/18
Total

$	45,805.92    $
$	22,902.96    $
$	22,902.96    $
$	91,611.84    $

45,805.92    $
22,902.96    $
-	$
68,708.88    $

9,170.36    $
4,585.18    $
-	$
13,755.54    $

26,320.00    $
13,160.00    $
-	$
39,480.00    $

10,315.56
5,157.78
-
15,473.34

GREEN GATE LAGOON LLC

$	185,092.20

$ 34,906.52 $

110,920.00 $

39,265.68

DATE
RECEIVED	DATE
DUE	Check
Num	NET AMOUNT
ASSESSED	NET AMOUNT    GENERAL FUND     SERIES 2005	SERIES 2007
RECEIVED	
	11/1/17		$	92,546.10	$	-	$	-	$	-	$	-	
	2/1/18		$	46,273.05	$	-	$	-	$	-	$	-	
	5/1/18		$	46,273.05	$	-	$	-	$	-	$	-	
Total			$	185,092.20	$	-	$	-	$	-	$	-	

WESTSIDE
COMMUNITY DEVELOPMENT DISTRICT

SPECIAL ASSESSMENT RECEIPTS - FY2018

LAND ACQUISITION ONE LLC

$	43,485.25

$ 43,485.25 $

-	$	-

DATE
RECEIVED	DATE
DUE	Check
Num	NET AMOUNT
ASSESSED	NET AMOUNT
RECEIVED	GENERAL FUND	SERIES 2005	SERIES 2007	
12/14/17	11/1/17	1013	$	21,742.63	$ 21,742.63	$ 21,742.63	$	-	$	-	
12/14/17	2/1/18	1013	$	10,871.31	$ 10,871.31	$ 10,871.31	$	-	$	-	
12/14/17	5/1/18	1013	$	10,871.31	$ 10,871.31	$ 10,871.31	$	-	$	-	
Total			$	43,485.25	$ 43,485.25	$ 43,485.25	$	-	$	-	

WESTSIDE CDD HOLDINGS, INC.

$	119,658.38

$ 119,658.38 $

-	$	-

DATE
RECEIVED	DATE
DUE	Check
Num	NET AMOUNT
ASSESSED	NET AMOUNT
RECEIVED	GENERAL FUND	SERIES 2005	SERIES 2007	
12/5/17	11/1/17	108350204	$	59,829.19	$ 59,829.19	$ 59,829.19	$	-	$	-	
12/5/17	2/1/18	108350205	$	29,914.60	$ 29,914.60	$ 29,914.60	$	-	$	-	
12/5/17	5/1/18	108350205	$	29,914.60	$ 29,914.60	$ 29,914.60	$	-	$	-	
Total			$	119,658.38	$ 119,658.39	$ 119,658.39	$	-	$	-	

WESTSIDE CDD HOLDINGS, INC.

$	84,012.31

$ 84,012.31 $

-	$	-

DATE
RECEIVED	DATE
DUE	Check
Num	NET AMOUNT
ASSESSED	NET AMOUNT
RECEIVED	GENERAL FUND	SERIES 2005	SERIES 2007	
12/5/17	11/1/17	108350206	$	42,006.15	$ 42,006.15	$ 42,006.15	$	-	$	-	
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	$	-	$	-	

MATTAMY ORLANDO LLC

$	18,971.47

$ 18,971.47 $

-	$	-

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	2/1/18	2636	$	4,742.87	$	4,742.87	$	4,742.87	$	-	$	-	
	5/1/18		$	4,742.87	$	-	$	-	$	-	$	-	
Total			$	18,971.47	$ 14,228.60	$ 14,228.60	$	-	$	-	

LAND ACQUISITION ONE LLC

$	13,124.79

$ 13,124.79 $

-	$	-

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

SUMMARY					
	TOTAL	GENERAL FUND	SERIES 2005	SERIES 2007	
TAX ROLL ASSESSED AMOUNT	$	884,072.43	$ 264,330.43	$ 276,642.00	$ 343,100.00	
DIRECT BILLED AMOUNT	$	640,856.01	$417,399.21	$163,560.00	$59,896.80	
TOTAL	$	1,524,928.44	$ 681,729.64	$ 440,202.00	$ 402,996.80	
TAX ROLL ASSESSMENTS COLLECTED	$	653,326.05	$ 195,339.12	$ 204,437.36	$ 253,549.57	
DOUGLAS WESTSIDE LLC	$	36,385.62	$ 36,385.62	$	-	$	-	
HOVHANIAN MAGNOLIA AT WESTSIDE LLC	$	-	$	-	$	-	$	-	
KB HOMES ORLANDO	$	11,027.39	$ 11,027.39	$	-	$	-	
GOLDEN CAY LLC	$	68,708.88	$ 13,755.54	$ 39,480.00	$ 15,473.34	
GREEN GATE LAGOON LLC	$	-	$	-	$	-	$	-	
LAND ACQUISITION ONE LLC	$	43,485.25	$ 43,485.25	$	-	$	-	
WESTSIDE CDD HOLDINGS, INC.	$	119,658.39	$ 119,658.39	$	-	$	-	
WESTSIDE CDD HOLDINGS, INC.	$	84,012.31	$ 84,012.31	$	-	$	-	
MATTAMY ORLANDO LLC	$	14,228.60	$ 14,228.60	$	-	$	-	
LAND ACQUISITION ONE LLC	$	13,124.79	$ 13,124.79	$	-	$	-	
DIRECT BILL ASSESSMENTS COLLECTED	$	390,631.23	$ 335,677.89	$ 39,480.00	$ 15,473.34	
		
VARIANCE	$	480,971.17	$ 150,712.63	$ 196,284.64	$ 133,973.89	

District	Landownder	Total O & M

Total Debt

Total Due

Westside CDD FY 2018
Direct Bill Status

O&M	Debt	Total	Paid

Westside	Westside COD Holdings	$119,658

$119,658	Nov

$59,829.19	$0.00	$59,829.19 Paid - 11/27/17

18-25-27-3160-000A-0080
(Former Falrwinds)

2005
2007

$so0

Feb May Total

$29,914.60	$0.00	• $29,914.60 Paid - 11/27/17

$0.00

$29,914.60	$0.00	$29,914.60 Paid - 11/27/17
$119,658.38	$1 19,658.38

KB	$22,055
07-25-27·3160-000C-0115, 18-25-27-3160·0006·0095

$0	$22,055

Nov

O&M $11,027.40 Debt

Total	Paid

$0.00

$11,027.40 Paid 11/6/17

Khov
07-25-27-3160-00

2005
2007

OC·OO10, 18-25-27-3160-001	$14,331
2005
2007

$0
$0

$0	$14,331
$0
$0

Feb May Total

Nov Feb May Total

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

$7,165.42	$0.00

O&M	Debt	Total	Paid
$7,165.42 Paid 1/11/18
$3,582.71	$0.00	$3,582.71  Paid 1/28/18
$3,582.71	$0.00	$3,582.71 Paid 3/l2/18
$14,330.83	$0.00	$14,330,83

Westside COD Holdings	$84,012
18-25-27·3160-0008-0040	2005
2007

Golden Cay LLC	$18,341
07-25-27-5461-0001-00DO	2005
2007

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

Land One Acquisition	$43,485
182527316000080110
2005
2007

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

Land One Acquisition	$13,125
19-25-27-3160-000B-0030	2005
2007

$0
$415,856
$135,432

$73,271
$52,640
$20,631

$0
$0
$0

$0
$0

$0
$0.00
$0.00

$0
$0.00
$0.00

,;84,012

$91,612

$48,514

$43,485

$18,971

$13,125

Nov Feb May Total

Nov Feb May Total

Nov Feb May Total

Nov Feb May
Total

Nov Feb May Total

Nov Feb May Total

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	$21,003.08 Paid 11/27/17
$84,011.31	$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 Paid 2/26/18
$4,585.18	$18,317.78	$22,902.96
$18,340.72	$73,271.12	$91,611.84
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
$48,514.15	$0.00	$48,514.15
O&M	Debt	Total	Paid
$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
$43,485.15	$43,485.25

O&M	Debt	Total	Paid
$9,485.74	$9,485.74 Paid 12/19/17
$4,742.87	$4,742.87 Paid 2/1/18
$4,742.87	$4,742.87
$18,971.47	$18,971.47
O&M	Debt	Total	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

Nov

O&M  $17,453.26 Debt	$75,092.84 Total	Paid

07-25-27-5461-0001-0010	O&M 
2005 Debt
2007 Debt

$110,920
$39,266

Feb May

$8,726.63	$37,546.42
$8,726.63	$37,546.42

$92,546.10 Paid 3/13/18
$46,273.05 Paid 3/13/18
$46,273.05
$185,092.20