Westside Community Development District

Agenda November 7, 2018

AGENDA

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

October 31, 2018

Board of Supervisors Westside Community Development District

Dear Board Members:
The Board of Supervisors of Westside Community Development District will meet Wednesday, November 7, 2018 at 11:00 AM at the Offices of Hanson, Walter & Associates, 8 Broadway Avenue, Suite 104, Kissimmee, FL 34741. Following is the advance agenda for the meeting:
Roll Call
Public Comment Period
Organizational Matters
Appointment of Individuals to Fulfill Seats #3 & #5
Administration of Oaths of Office to Newly Elected/ Appointed Board Members
Consideration of Resolution 2019-03 Canvassing and Certifying the Results of the Landowners' Election
Election of Officers
Consideration of Resolution 2019-04 Electing Officers
Approval of Minutes of the October 3, 2018 Meeting
Consideration of Investment Banking Agreement with MBS Capital Markets, LLC
Ratification of Amended Resolution 2018-07
Consideration of Revised Reallocation Assessment Report for Parcel K
Consideration of Resolution 2019-05 Approving the Bifurcation of the Outstanding Series 2005 & 2007 Special Assessment Revenue 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
Immediately preceding the Board of Supervisors meeting will be a Landowners' meeting of the Westside Community Development District.
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 elected/appointed Board Members. There is no back-up material. Section C is the consideration of Resolution 2019-03 canvassing and certifying the results of the Landowners' election. A copy of the Resolution is enclosed for your review. Section D is the election of officers and Section E is the consideration of Resolution 2019-04 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 October 3, 2018 meeting. The minutes are enclosed for your review.
The fifth order of business is the consideration of investment banking agreement with MBS Capital Markets, LLC. A copy of the agreement is enclosed for your review.

The sixth order of business is the ratification of amended Resolution 2018-07. A copy of the amended resolution is enclosed for your review.
The seventh order of business is the consideration the revised reallocation assessment report for Parcel K. A copy of the report is enclosed for your review.
The eighth order of business is the consideration of Resolution 2019-05 approving the bifurcation of the outstanding Series 2005 & 2007 special assessment revenue bonds. A copy of the Resolution is enclosed for your review.
The ninth 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,
.fL�� ---
George S. Flint District Manager
CC:	Jan Carpenter, District Counsel Mark Vincutonis, District Engineer Darrin Mossing, GMS
Enclosures

SECTl'ON C

RESOLUTION 2019-03
A RESOLUTION CANVASSING AND CERTIFYING THE RESULTS OF THE LANDOWNERS' ELECTION OF THE WESTSIDE COMMUNITY DEVELOPMENT DISTRICT HELD PURSUANT TO SECTION 190.006(2), FLORIDA STATUTES

WHEREAS, pursuant to Section 190.006(2), Florida Statute, a landowners meeting is required to be held within 90 days of the District's creation and every two years following the creation of a Community Development District for the purpose of electing one (1) supervisor for the District; and
WHEREAS, following proper notice of once a week for 2 consecutive weeks in a newspaper of general circulation in the area of the District, the last day of such publication to be not fewer than 14 days or more than 28 days before the date of the election, such landowners meeting was held on November 7, 2018 at which the below­ recited person was duly elected by virtue of the votes cast in their respective favor; and
WHEREAS, the Board of Supervisors by means of this Resolution desire to canvas the votes and declare and certify the results of said election;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE WESTSIDE COMMUNITY DEVELOPMENT DISTRICT:
The following person is found, certified, and declared to have been duly elected as Supervisors of and for the District, having been elected by the votes cast in their favor as follows:
Supervisor	# of Votes	Terms
4 Year Term

The terms of office shall commence immediately upon the adoption of this Resolution:
Adopted this 7th day of November, 2018.

Secretary/ Assistant Secretary	Chairman/Vice Chairman

SECTION	E

RESOLUTION 2019-04
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 November 7, 2018 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 7th DAY OF NOVEMBER, 2018.

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, October 3, 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:
Keith Trace Steven Kalberer Scott Stewart
Also present were:
George Flint Andrew d'Adesky Robbie Newberry William Viasalyers Bennet Ruedas Leah Popelka Ashton Bligh

FIRST ORDER OF BUSINESS

Vice Chairman Assistant Secretary Assistant Secretary

District Manager District Counsel District Engineer Field Manager Mattamy Homes
Lerner Advisors - by phone Greenberg Traurig - by phone

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
Acceptance of Resignation of Michael Dady and Appointment of an Individual to Fill the Board with a Vacancy with a Term Ending November 2020

On MOTION by Mr. Stewart seconded by Mr. Kalberer with all in favor Mr. Dady's resignation was accepted.

Acceptance of Drew Abel and Appointment of an Individual to Fill the Board Vacancy with a Term Ending November 2020

October�. 2018	Westside Community Development District

On MOTION by Mr. Trace seconded by Mr. Kalberer with all in favor Mr. Abel's resignation was accepted.

On MOTION by Mr. Trace seconded by Mr. Kalberer with all in favor Fontane Nyariri was appointed to fill the unexpired term of office.

Administration of Oath of Office to Newly Appointed Board Member(s)
This item was deferred.

Consideration of Resolution 2019-03 Electing Officers
This item was deferred.

FOURTH ORDER OF BUSINESS	Approval of the Minutes of the August 1,
2018 Meeting

On MOTION by Mr. Trace seconded by Mr. with all in favor the minutes ofthe August 1, 2018 meeting were approved as presented.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2019-01
Authorizing Work on Refinancing the Series 2005 and Series 2007 Bonds
Mr. d'Adesky stated this is authorizing work related to the restructuring and in this case the bifurcation of the Series 2005 and 2007 Bonds, approving prior actions, providing for an effective date. We are restructuring those two series of bonds, the actual provisions of the resolution deal with authorization of staff as well as bond Counsel and District Counsel, the authorization of any assessment proceedings necessary, the meeting requirements and approval of all prior actions. At this point the only actions that staff has taken is a conference call to get us oriented on what is going on with this particular deal. We have Leah and Ashton on the phone, Ashton is with Greenberg Traurig, at this point our Bond Counsel is Mike Williams with Akerman and if there is a desire to engage Greenberg Traurig we would actually need a limited engagement letter from them to engage them for the purposes of the bifurcation of these bonds. They are a little more attuned with this issue having worked with Lerner specifically.

2

October 3, 2018	Westside Community Development District

Mr. Flint stated I think he is serving as Trustee's Counsel.
Ms. Popelka stated it would be Trustee's Counsel in a limited role of Bond Counsel on just the restructuring.
Mr. d'Adesky stated we would also need to have a funding agreement regarding the allocation of any fees and costs related to this bifurcation.
Ms. Popelka stated we have your email and I will be speaking Neil later this afternoon and we will follow-up with you.
Mr. Flint asked do you want to give an overview of the bifurcation? I handed out for discussion purposes the timeframe and the structure that you provided via e-mail.
Ms. Popelka stated this is a very positive thing for the District in terms of making the bonds performing in theory and going from a defaulted or defunct issue into something that is a performing series ofbonds. Several years ago, our firm became involved with the District due to the former developer's failure to provide payment of assessments, which ultimately resulted in the loss of title to those undeveloped parcels that were formerly held by that entity. We became involved in the capacity of asset manager and looked to reposition the property and to ultimately find different buyers to obtain title to those properties. We are now at a stage where we can go back to the bondholders and say we have X amount of parcels that now we consider performing and we have a couple remaining parcels that are now still defaulted. When you have those defaulted sections in the community what happens is the entire series of bonds is impacted and you are not able to secure enough revenue to support the annual debt service requirement of the bonds. We took a look at it in conjunction with the bondholders, made an evaluation and determined that now was the time to do a bifurcation of the bonds, which allows us to take those performing assets and create a series of bonds that is now able to be supported by the cash flow on those performing assets. This is a really positive moment for the District where you are able to go from a defaulted  status and after this transaction turning that into a performing series of bonds. We are excited about this and have been looking forward to it for a few years now and look forward to working with the District to create that positive change.
Mr. Flint stated basically they are splitting the 2005 and 2007 into four series of bonds. There is a 2005-1 and 2005-2 or an 2007-1 and 2007-2 and the 2007-1's are the non-performing the 2005-1's are the non-performing and they are basically the Bahama Bay parcel, what used to be the Caleb's Club piece, which was a townhome project partially finished on the corner of

3

October 3, 2018	Westside Community Development District

Florence Villa and Westside Boulevard and the Town Center piece, which is at the southeast comer of the intersection of Goodman and Westside Boulevard and there are two parts of the Town Center piece, a commercial and residential and those tracts are being split off and everything else would be in a performing situation. I know and it is footnoted in the documents you provided that the Town Center commercial and residential are under contract and are scheduled to close possibly in December.
Ms. Popelka stated yes and on those pieces we are looking at a closing that would occur subsequent to the bifurcation transaction and at this point we believe contained within the non­ performing component.
Mr. Flint asked once the closing takes place how do we deal with it going forward because then it would seem like they would be performing?
Ms. Popelka stated they would be performing, unfortunately, to then include them in the performing, restructured bond series would require an additional refinancing, which would be cost prohibitive so they would still be delineated in their own set of bonds.
Mr. Flint asked in this bifurcation is there any adjustment of interest rates?
Ms. Popelka stated we haven't gotten to the interest rate discussion yet. It is my understanding that the interest would be the same as it is today so I don't believe at minimum you would not be receiving any interest increases.
Mr. Flint asked on performing or non-performing?
Ms. Popelka stated that is correct. Also, the duration of the bonds would not be modified as a result of this transaction and the assessment levels would remain the same as originally allocated in the assessment methodology.
Mr. Flint stated the non-performing are basically separated so the default is only on those three pieces.
Mr. Stewart asked how do we get the non-performing to performing?
Ms. Popelka stated those bonds would not be performing bonds and as those assets are sold you would then create sufficient cash flow to service those bonds then once we sold the asset we would be able to look at where there is not coverage and the bondholders would be able to make a determination that likely they would write off that difference. At that point you would be looking at a performing asset.
Mr. Flint stated right now the Town Center piece is subject to a forbearance agreement.

4

October 3, 2018	Westside Community Development District

Ms. Popelka stated I'm not sure if there was a forbearance agreement. Mr. d'Adesky stated there was but it may have expired.
Mr. Flint stated I think the reason they are doing this is to pull all those other properties out from under this cloud and then as they close on the Town Center piece that would then become performing and on Bahama Bay and the other piece the decision is going to have to be made at some point as to whether we move forward with foreclosure.
Mr. d'Adesky stated that may be an imminent decision with Bahama Bay specifically. They are one that we have been chasing and hounding on both a legal and managerial side for now.
Mr. Stewart stated they stay non-performing until paid off or retired or we foreclose.
Ms. Popelka stated that is right. What is nice is at least this transaction will allow you to bifurcate.
Mr. Flint stated we are looking at the bond bifurcation and reconciliation spreadsheet that
shows the original principal and current for the 2005 and 2007 and non-performing and performing. Under performing the current outstanding principal for the 2005 is $5.9 million and the 2007 is $6.3 million and the non-performing 2005 is $2.35 million and $730,000 for the 2007.
Mr. Trace asked what is partial elimination of assessments securing multiple parcels?
Ms. Popelka stated it is really more of an analysis for the benefit of the bondholders so they can understand what happened with the various transactions on the real estate side and gives them the ability to reconcile it back to the original bond issuances. It doesn't really have any bearing in terms of what you are analyzing. What would be important to you is to know that under the performing sector and non-performing sector you are going to have roughly $12.1 million worth ofperforming bonds and another $3.1 million ofnon-performing bonds.
Mr. Stewart asked what are the ramifications offoreclosure for the CDD?
Mr. Flint stated for the CDD there is not necessarily any ramifications. The bondholder is the one that, like we have done in the past, if we foreclose on Bahama Bay it wipes out the remaining debt and you typically take title to the land through an SPE and the same thing that was done with the other properties would be done with that property and the bondholders may choose to retain Lerner to be the asset manager and then develop or dispose of the property.

5

October 3, 2018	Westside Community Development District

Then the proceeds of that depending on whether there was outstanding O&M would be prorated between reimbursing the bondholders and the District for debt and O&M.
All the properties being developed right now are under this cloud of default on those
bonds.
Mr. d'Adesky stated I suggest approvmg the authorization resolution with the
understanding that there will be a limited engagement letter.

On MOTION by Mr. Stewart seconded by Mr. Trace with all in favor Resolution 2019-01 was approved.

Ms. Popelka and Mr. Bligh left the conference call at this time.

SIXTH ORDER OF BUSINESS	Consideration	of	Resolution	2019-02
Declaring Vacancies in Certain Seats on the Board of Supervisors
Mr. Flint stated next is Resolution 2019-02 declaring two seats that are up for general election, vacant because no general electors qualified. Seat no. 3 was vacated by Mike Dady and Seat 5 is currently held by Scott Stewart and this resolution declares them vacant as of the second Tuesday after the general election. As I mentioned earlier since no one qualified the incumbent in Seat 5 can remain in that seat as a holdover seat until such time as the Board has a general elector to appoint to that seat.

On MOTION by Mr. Trace seconded by Mr. Stewart with all in favor Resolution 2019-02 was approved.

SEVENTH ORDER OF BUSINESS	Consideration of Agreement with Berger
Toombs Elam Gains & Frank to Provide Auditing Services for Fiscal Year 2018
Mr. Flint stated next is the engagement letter with Berger Toombs to perform the annual independent audit. You had selected Berger Toombs to perform the audit for a not to exceed
$3,825.

6

October 3, 2018	Westside Community Development District

On MOTION by Mr. Stewart seconded by Mr. Kalberer with all in favor the engagement letter with Berger, Toombs, Elam, Gaines & Frank to perform the Fiscal Year 2018 audit was approved.

EIGHTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. d'Adesky stated just to be clear with the Bahama Bay II there is still outstanding O&M and debt payments on that parcel. We have attempted through several letters to contact them and threaten foreclosure. In the past when we sent them a draft complaint of filing of foreclosure they complied and this time they have been non-compliant. We are going to stick with the Trustee and see what they would like to do in this case. Last time they said they would fund us if we needed to foreclose. We will speak with them about that. We would want them to join with us so we would have funding on that side.
Mr. Flint stated we also entered into a prior agreement where they waived their defenses.
Hopefully, that will streamline the process.
Mr. d'Adesky stated it would streamline the process if we went to a foreclosure, but we would still need to file it and go through certain litigation costs and once again we would want the bondholders to be joining us on that.

Engineer
There being none, the next item followed.

Manager
Approval of Check Register
Mr. Flint presented the check register from July 24, 2018 through September 26, 2018 in the amount of $53,557.50.

On MOTION by Mr. Trace seconded by Mr. Stewart with all in favor the check register was approved.

Balance Sheet and Income Statement

7

October 3, 2018	Westside Community Development District

A copy of the balance sheet and income statement were included in the agenda package.
No Board action was necessary.

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

NINTH ORDER OF BUSINESS
There being none,

Supervisor's Requests

On MOTION by Mr. Trace seconded by Mr. Stewart with all in favor the meeting adjourned at 11 :27 a.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

8

SECTION V

M B S  CAPI TAL MARKETS, LLC 

AGREEMENT FOR UNDERWRITING SERVICES WESTSIDE COMMUNITY DEVELOPMENT DISTRICT

November 7, 2018 Board of Supervisors
Westside Community Development District

Dear Supervisors:

MBS Capital Markets, LLC (the "Underwriter") offers to enter into this agreement (the "Agreement") with the Westside Community Development District (the "District") which, upon your acceptance of this offer, will be binding upon the District and the Underwriter. The District is proposing to issue one or more series of bonds (the "Bonds"), including its Series 2019 Bonds, to acquire and/or construct certain public infrastructure improvements within a certain project area that may include, without limitation, roads, water, sewer and storm water management improvements. This Agreement will cover the engagement for the Series 2019 Bonds and will be supplemented for future bond issuances. This Underwriter intends to serve as the Underwriter, not as municipal advisor in connection with the issuance of the Bonds.

Scope of Services:	The scope of services to be provided in a non-fiduciary capacity by the Underwriter for this transaction will include those listed below.
Advice regarding the structure, timing, terms, and other similar matters concerning the particular municipal securities described above.
Preparation of rating strategies and presentations related to the issue being
underwritten.
Preparations for and assistance with investor "road shows," if any, and investor
discussions related to the issue being underwritten.
Advice regarding retail order periods and institutional marketing if the District
decides to engage in a negotiated sale.
Assistance in the preparation of the Preliminary Official Statement, if any, and the
Final Official Statement.
Assistance with the closing of the issue, including negotiation and discussion with respect to all documents, certificates, and opinions needed for the closing.
Coordination with respect to obtaining CUSIP numbers and the registration with
the Depository Trust Company.

4890 WEST KENNEDY BLVD. SUITE 940
TAMPA, FLORIDA 33609
PHONE: 813.281.2700

152 LINCOLN AVENUE WINTER PARK, FLORIDA 32789
PHONE: 407.622.0130

8583 STRAWBERRY LANE
LONGMONT, COLORADO 80503
PHONE: 303.652.0205

1005 BRADFORD WAY
KINGSTON, TENNESSEE 37763 PHONE: 86S.717.0303

M B S CAPI TAL M AR KETS , LLC 
Preparation ofpost-sale reports for the issue, ifany.
Structuring	of refunding	escrow	cash	flow requirements,	but not the recommendation ofand brokerage ofparticular municipal escrow investments.

Fees: The Underwriter will be responsible for its own out-of-pocket expenses other than the fees and disbursements of underwriter's or disclosure counsel which fees shall be paid from the proceeds of the Bonds. Any fees payable to the Underwriter will be contingent upon the successful sale and delivery or placement of the Bonds. The underwriting fee for the sale or placement of the Bonds will be 2% of the par amount of Bonds issued; minimum fee of $50,000.

Termination: Both the District and the Underwriter will have the right to terminate this Agreement without cause upon 90 days written notice to the non-terminating party.

Purchase Contract: At or before such time as the District gives its final authorization for the Bonds, the Underwriter and its counsel will deliver to the District a purchase or placement contract (the "Purchase Contract") detailing the terms of the Bonds.

Notice of Meetings: The District shall provide timely notice to the Underwriter for all regular and special meetings of the District. The District will provide, in writing, to the Underwriter, at least one week prior to any meeting, except in the case of an emergency meeting for which the notice time shall be the same as that required by law for the meeting itself, of matters and items for which it desires the Underwriter's input.

Disclosures Concerning the Underwriter's Role Required by MSRB Rule G-17. The Municipal Securities Rulemaking Board's Rule G- 17 requires underwriters to make certain disclosures to issuers in connection with the issuance of municipal securities. Those disclosures are attached hereto as "Exhibit A." By execution of this Agreement, you are acknowledging receipt of the same.

Tampa, FL Winter Park, FL Longmont, CO Kingston, TN

M B S CAPITAL MARKETS , LLC 

This Agreement shall be effective upon your acceptance hereof and shall remain effective until such time as the Agreement has been terminated in accordance with Section 3 hereof.

Sincerely,
MBS Capital Markets, LLC

Brett Sealy Managing Partner

Approved and Accepted By:

Title:

Date:

Tampa, FL Winter Park, FL Longmont, CO Kingston, TN

M B S CAPI TAL MARKETS, LLC 

EXHIBIT A
Disclosures Concerning the Underwriter's Role
Municipal Securities Rulemaking Board Rule G- 17 requires an underwriter to deal fairly at all times with both municipal issuers and investors;

The Underwriter's primary role is to purchase securities with a view to distribution in an arm's­ length commercial transaction with the District and it has financial and other interests that differ from those ofthe District;

Unlike a municipal advisor, the Underwriter does not have a fiduciary duty to the District under the federal securities laws and is, therefore, not required by federal law to act in the best interests of the District without regard to its own financial or other interests;

The Underwriter has a duty to purchase securities from the District at a fair and reasonable price, but must balance that duty with its duty to sell municipal securities to investors at prices that are fair and reasonable; and

The Underwriter will review the official statement for the District's securities in accordance with, and as part of, its responsibilities to investors under the federal securities laws, as applied to the facts and circumstances of the transaction.

Disclosure Concerning the Underwriter's Compensation
Underwriter's compensation that is contingent on the closing of a transaction or the size of a transaction presents a conflict of interest, because it may cause the Underwriter to recommend a transaction that it is unnecessary or to recommend that the size ofthe transaction be larger than is necessary.

Conflicts of Interest
Payments to or from Third Parties. There are no undisclosed payments, values, or credits to be received by the Underwriter in connection with its underwriting ofthis new issue from parties other than the District, and there are no undisclosed payments to be made by the Underwriter in connection with this new issue to parties other than

the District (in either case including payments, values, or credits that relate directly or indirectly to collateral transactions integrally related to the issue being underwritten). In addition, there are no third­ party arrangements for the marketing of the District's securities.

Profit-Sharing with Investors. There are no arrangements between the Underwriter and an investor purchasing new issue securities from the Underwriter (including purchases that are contingent upon the delivery by the District to the Underwriter of the securities) according to which profits realized from the

Tampa, FL Winter Park, FL Longmont, CO Kingston, TN

M B S CAP ITAL MARKETS , LLC 
resale by such investor of the securities are directly or indirectly split or otherwise shared with the Underwriter.

Credit Default Swaps. There will be no issuance or purchase by the Underwriter of credit default swaps for which the reference is the District for which the Underwriter is serving as underwriter, or an obligation ofthat District.

Retail Order Periods. For new issues in which there is a retail order period, the Underwriter will honor such agreement to provide the retail order period. No allocation of securities in a manner that is inconsistent with a District's requirements will be made without the District's consent. In addition, when the Underwriter has agreed to underwrite a transaction with a retail order period, it will take reasonable measures to ensure that retail clients are bona fide.

Dealer Payments to District Personnel. Reimbursements, if any, made to personnel ofthe District will be made in compliance with MSRB Rule G-20, on gifts, gratuities, and non-cash compensation, and Rule G- 17, in connection with certain payments made to, and expenses reimbursed for, District personnel during the municipal bond issuance process.

Tampa, FL Winter Park, FL Longmont, CO Kingston, TN

SECTION VI 

RESOLUTION 2018-07
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE WESTSIDE COMMUNITY DEVELOPMENT DISTRICT ACCEPTING THE CONVEYANCE OF REAL PROPERTY INTERESTS AND IMPROVEMENTS RELATING TO THE SOLARA SERIES 2018 PROJECT; AUTHORIZING DISTRICT STAFF AND THE CHAIRMAN TO REVIEW, EXECUTE AND DELIVER ACCEPT ALL DEEDS AND OTHER DOCUMENTS TO EFFECTUATE SUCH CONVEYANCE; PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE.
WHEREAS, the Westside Community Development District (the "District") is a local unit of special purpose government duly organized and existing under the provisions of the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the "Act"), by Osceola County Ordinance 04-34 and expanded by County Ordinance 07- 19 (collectively referred to as "the Ordinance"); and
WHEREAS, the District has the authority, generally under the Act and the Ordinance, and specifically under Section 1 90.012, Florida Statutes, to acquire real property and improvements for, among other things, the purposes of operating and maintaining systems, facilities, and basic infrastructure within the District; and
WHEREAS, the District has the authority, generally under Florida Law and the Act, and specifically under Section 1 90.011 (7)(a), Florida Statutes, to acquire, dispose of any real property, dedications or platted reservations in any manner so long as it is in the best interest of the District; and
WHEREAS, the District is in the process of issuing it's $3,165,000 Westside Community Development District, Solara Phase 1 Assessment Area, Special Revenue Bonds, Series 2018 ("Series 2018 Bonds") which shall, in part, pay for the acquisition of certain infrastructure within a portion of the Solara Development (the "Solara Series 2018 Project"); and
WHEREAS, Mattamy Orlando, LLC, a Florida limited liability company ("Mattamy"), has proposed the transfer to and acceptance by the District of certain parcels of property with related public improvements related to Solara Series 2018 Project, more particularly described on Exhibit "A" attached hereto and incorporated herein by this reference (the "Property"); and
WHEREAS, subject to the final review of District staff, which includes, but is not limited to, the District Engineer, District Counsel and the District Manager, Mattamy has substantially complied with the requirements for conveyance of the property to the District.
NOW, THEREFORE, BE IT RESOLVED by the Board of Supervisors of the Westside Community Development District (the "Board"), as follows:

Incorporation of Recitals. The above recitals so stated are true and correct and by this reference are incorporated into and form a material part of this Resolution.
Approval of Acquisition of Solara Series 2018 Project P roperty. The Board hereby approves the acceptance of the Property, including related improvements, as set forth in the above recitals, and the acceptance of the documents related thereto as noted in Exhibit "B", together with all other documents relating to the conveyance and acceptance of the Property (the "Conveyance Documents"), subject to the final review and sign offof District Staff.
Delegation of Authority to Chairman. Upon District Staff's review and approval of the Conveyance Documents and any documentation reasonably associated with the conveyance described herein, the Chairman of the Board (the "Chairman") is authorized to negotiate and accept the deeds and the Completion Agreement, together with all other Conveyance Documents on behalf of the District. The Chairman shall be authorized to negotiate, execute and deliver any other document necessary to effectuate the intent of this Resolution. The terms and conditions of all documents to be accepted or executed in connection with any of the foregoing shall be acceptable by the District Staff and the Chairman, and the execution, acceptance and delivery of any such document or instrument by the Chairman shall constitute conclusive evidence that the terms and conditions contained in said documents have been approved by the District.
Authorization of District Staff. The District Staff, which shall include the District Manager, District Counsel, District Bond Counsel and the District Engineer, are hereby authorized on behalf of the District to take such actions and to implement the foregoing provisions as deemed necessary or appropriate, including the preparation of any necessary documentation and the performance of any actions necessary or prudent to effectuate the intent of this Resolution.
Severability. If any section, paragraph, clause or provision of this Resolution shall be held to be invalid or ineffective for any reason, the remainder of this Resolution shall continue in full force and effect, it being expressly hereby found and declared that the remainder of this Resolution would have been adopted despite the invalidity or ineffectiveness of such section, paragraph, clause or provision.
Effective Date. This Resolution shall take effect immediately upon its adoption.

[Continues on the Following Pages]

PASSED in public meeting ofthe Board of Supervisors of the Westside Community Development District, this 20th day of February, 2018.

Attest:

Print:  	
Secretary/Asst. Secretary

WESTSIDE COMMUNITY DEVELOPMENT DISTRICT

By:	 	
Drew Able Chairman

EXHIBIT "A" THE PROPERTY
Tracts CE-1, LS-1, P- 1, P-2, P-3, A, T, U, V, W and X, SOLARA RESORT, according to the plat thereof, as recorded in Plat Book 25, Pages 1 75 through 1 82, inclusive, Public Records of Osceola County, Florida.

EXHIBIT "B" INDEX

B-1	Engineer's Certificate B-2.	Special Warranty Deed
B-3	Lien and Possession Affidavit B-4.	Agreement Regarding Taxes B-5 .	Bill of Sale and Assignment

SECTION VI I

REVISED REALLOCATION ASSESSMENT REPORT FOR PARCEL K

FOR

WESTSIDE
COMMUNITY DEVELOPMENT DISTRICT

Date: November 7, 2018

Prepared by

Governmental Management Services - Central Florida, LLC 135 W. Central Blvd, Suite 320
Orlando, FL 32801

Table of Co!}.tents
1 .0 Introduction	3
1. 1 Background	3
Assessment Methodology	3
Overview	3
3.0 True-Up Mechanism	3
4.0 Assessment Roll	3
5. 0 Appendix	4
Table 1: Parcel K  Debt Current	4
Table 2:  Parcel K  Debt Revised Bondholder Plan	5
Table 3:  Parcel  K Revised Developer Plan	6
Table 4:  Preliminary Assessment Roll	7

GMS-CF, LLC does not represent the Westside Community
Development District as a Municipal Advisor or Securities Broker nor is GMS-CF. LLC registered to provide such services as described in Section 15B of the
Securities and Exchange Act of 1934, as amended. Similarly, GMS-CF, LLC does not provide the Westside Community Development District with financial
advisory services or offer investment advice in any form.

Introduction
The Westside Community Development District is a local unit of special-purpose government organized and existing under Chapter 190, Florida Statutes (the "District''), as amended. The District anticipates the reallocation of the Series 2005 and Series 2007 Debt Service Special Assessment Bonds ("the Bonds") to better reflect current development plans for Parcel K based upon the benefit received from the issuance of the Bonds in accordance with the original Assessment	Methodology	Reports.

Background
The District currently includes approximately 1,148.9 acres in Osceola County, Florida of which Parcel K represents approximately 46.66 acres. The original Development Plan envisioned approximately 662 townhome units and 147 units of commercial. It is presently planned that the revised Development Plan will include 191 residential units.

Assessment Methodology

Overview

Table 1 identifies the land uses and Original Debt Service Allocations for Parcel K. It also details any reductions made to original principal based on payments made on the Bonds. Table 2 outlines the reductions in par debt to be made by the Bondholders, as represented to the District. This table is based on representations made by the Bondholders. Table 3 reallocates the remaining par debt over current anticipated development plan. This includes a true-up payment as required to reduce the density. This table is based on representations made by the Bondholders.

3.0	True Up Mechanism
Although the District does not process plats, declaration of condominiums, site plans or revisions thereto for the Developer, it does have an important role to play during the course of platting and site planning. Whenever a plat, replat, or declaration of condominium is processed, the District must allocate a portion of its debt to the property according	to	this	Assessment	Report	outlined	herein.

4.0	Assessment Roll
The District will initially distribute the liens across the property on an acreage basis within Parcel K of the District boundaries. Once lots are platted, they will be allocated to platted lots until fully absorbed. The proposed assessment roll is listed on Table 4. If the Development Plan changes, then the District will update Table 4 to reflect the changes.

3

TABLE 1
WESTSIDE COMMUNITY DEVELOPMENT DISTRICT PARCEL K DEBT CURRENT

Original Par Debt - 2005 and 2007 Bond Series

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	
Town home - 2007 added Commercial	12
147	$0
$6,776	$2,046
$2,046  		$0
$996,047		$24,552
$300,762	

* - Only 619 in 2005 Issue				$5,190,286	$1,655,214	

Current Par Debt - 2005 Serles

Product: Townhome
Townhome - 2007 added Commercial

Units 619
12
147

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

Payments	Current Par - 2005
-$55,046	$4,139,193
$0	$0
-$13,072	$982,975
$5,122,168

Current Par Debt - 2007 Series

Product: Townhome
Townhome - 2007 added Commercial

Units 650
12
147

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

Payments	Current Par - 2007
$1,329,900
$24,552
$0	$300,762
$1,655,214

Prepared by: Governmental Management Services - Central Florida, LLC

4

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

Current Par Debt - 2005 and 2007 Bond Series

Current Par -

Product: Townhome*
Townhome - 2007 added Commercial

* - Only 619 in 2005 Issue

Units 650
12
147

Current Par - 2005
$4,139,193
$0
$982,975
$5,122,168

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

Revised Bondholder Plan - Parcel K

Product:	Units

Current Par	$5,122,168	$1,655,214	
Bondholder Writedown of Debt**	$3,882,232	$1,251,777	

Townhome	234

Current Par Per Unit - 2005
$5,299

Current Par Per Unit - 2007
$1,724

Total 2005 Par -	Total 2007 Par - Current		Current
$1,239,936	$403,437

** - Bondholder anticipated to write off principal, as well as outsta nding interest and penalties on this amount Prepared by: Governmental Management Services · Central Florida, LLC

5

TABLE 3
WESTSIDE COMMUNITY DEVELOPMENT DISTRICT PARCEL K DEBT REVISED DEVELOPER Pl.AN

New Development Plan - Parcel K

Current Par Per
Product:	Units	ERU	Unlt- 2005 Townhome		100		1		$5,299
Single Family - 40*	77	1.1	$5,829

Current Par Per Unit • 2007
$1,724
$1,724

Total Par •		Total Par - Current 2005	Current 2007
$529,887	$172,409
$448,814	$132,755

Single Family - 50	14	1.2	$6,359
     191	

$1,724 	$89,021	$24,137
$1,067,722	$329,301

Total

Revised Bondholder Par	$1,239,936	$403,437

- New Product Type and ERU for Parcel K only

True-Up From Developer ====$1====72,�213===--=:,;$�74,1�36=�$2�46,�349

New Development Plan - Parcel K Annual Debt Service Assessments

Townhome	100	1	$500	$177	$50,000	$17,700	
Single Family - 40*	77	1.1	$550	$177	$42,350	$13,629	

Current Annual Per Current Annual	Total Annual	Total Annual Product:	Units	ERU	Unlt- 2005	Per Unit - 2007		Current 2005		Current 2007

Single Family - SO 	1.2	$600	$177	$8,400	$2,478
     191		$100,750	$33,807	$134,557
Total

Prepared by: Governmental Management Services - Central Florida, LLC

6

TABLE4
WESTSIDE COMMUNITY DEVJ;LOPMENT DISTRICT PRELIMINARY ASSESSMENT ROLL

Current Owner	Propertv Address

Parcel ID	Product Type

Total Par Debt Allocatlon Per
Number of	Unit, Series
Products	2005..

Total Par Debt Allocation Per Unit. Series 1001••

Gross·	Gross Net Annual Net Annual Annual Debt Annual Debt
Debt	Debt	Assessment Assessment Total Gross
Assessment Assessment Allocation, Allocation, Annual Debt Totll Gross Allocation,     Allocation,      Series	Series Service, Per Annual Debt Serles 200S    series 2007      .2005•	 2001•	Unit"         • Service•

Westside COD Holdings	0 N. Goodman Rd

18-25°27-3160-000A-0080	TH
SF-40'

$5,299
77	$5,829

$1,724

$470	$166	$500
$166	$550	$177

$67,700
$55,979

SF-50'

14
 	191	

$1,724

$564	$166

$177

$10,878
$134,557

"This amount includes 6% to cover collection fees and earlypayment discounts when collected utilizingthe uniform method.
..Figures reflect Debt Service with first Principal Payment on 5/1/19 Prepared by: Governmental Management services - Central Florida, LLC

--.I

SECTION VI 1 1

RESOLUTION 2019-05
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE WESTSIDE COMMUNITY DEVELOPMENT DISTRICT APPROVING THE BIFURCATIONS {THE "BIFURCATIONS") OF THE WESTSIDE COMMUNITY DEVELOPMENT DISTRICT'S OUTSTANDING (A) SPECIAL ASSESSMENT REVENUE BONDS, SERIES 2005 INTO SPECIAL ASSESSMENT REVENUE BONDS, SERIES 2005-1 AND SPECIAL ASSESSMENT REVENUE BONDS, SERIES 2005-2 (COLLECTIVELY, THE "SERIES 2005-1/2 BONDS") AND (B) SPECIAL ASSESSMENT REVENUE BONDS, SERIES 2007 INTO SPECIAL ASSESSMENT REVENUE BONDS, SERIES 2007-1 AND SPECIAL ASSESSMENT REVENUE BONDS, SERIES 2007- 2 (COLLECTIVELY, THE "SERIES 2007-1/2 BONDS"), AND SETTING FORTH THE TERMS THEREOF; APPROVING THE FORM OF AND AUTHORIZING THE DELIVERY OF A TERM SHEET; APPROVING THE FORM OF AND AUTHORIZING THE EXECUTION AND DELIVERY OF AN AMENDED AND RESTATED SECOND SUPPLEMENTAL TRUST INDENTURE, RELATING TO THE SERIES 2005-1/2 BONDS AND AN AMENDED AND RESTATED THIRD SUPPLEMENTAL TRUST INDENTURE, RELATING TO THE SERIES 2007-1/2 BONDS; AUTHORIZING THE PREPARATION AND EXECUTION OF AN INFORMATION MEMORANDUM WITH RESPECT TO THE BIFURCATIONS DESCRIBED HEREIN; AUTHORIZING THE EXECUTION OF A CONTINUING DISCLOSURE AGREEMENT; AUTHORIZING THE PROPER OFFICIALS TO EXECUTE ALL DOCUMENTS AND DO ALL THINGS DEEMED NECESSARY IN CONNECTION WITH THE BIFURCATIONS CONTEMPLATED HEREIN, AND RATIFYING PRIOR OR SUBSEQUENT ACTS; AND PROVIDING FOR CONFLICTS, SEVERABILITY AND AN EFFECTIVE DATE AND FOR CERTAIN OTHER MATTERS.
WHEREAS, the Westside Community Development District (the "District") was established in accordance with the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the "Act") by Ordinance No. 04-34 duly enacted by the Board ofCounty Commissioners ofOsceola County, Florida, and the District is validly existing under the Constitution and laws ofthe State of Florida; and
WHEREAS, the District comprises approximately 1,1 48.90 gross acres (the "District Lands"); and
WHEREAS, pursuant to Resolution No. 2005- 1 3, adopted by the Board of Supervisors of the District (the "Board") on October 1 2, 2004, as supplemented by Resolution No. 2005-30, adopted by the Board on June 7, 2005 , the District authorized the issuance, sale and delivery of

not to exceed $85,000,000 in aggregate principal amount ofits Westside Community Development District Special Assessment Revenue Bonds (the "Bonds"), issuable in one or more series from time to time; and
WHEREAS, on February 9, 2005, the District issued $4,000,000 in aggregate principal amount of its Bond Anticipation Notes, Series 2005 (the "Series 2005 Notes") under and pursuant to the Master Trust Indenture (the "Master Indenture"), as supplemented by that certain First Supplemental Trust Indenture, each dated as of February 1, 2005, by and between the District and
U.S. Bank National Association, as successor trustee to SunTrust Bank (the " Trustee"); and
WHEREAS, on December 5, 2005, the District issued $17,525,000 in aggregate principal amount of its Special Assessment Revenue Bonds, Series 2005 (the "Series 2005 Bonds"), under the terms of the Master Indenture, as supplemented by that certain Second Supplemental Trust Indenture (the "Second Supplemental Indenture" and, together with the Master Indenture, the "Series 2005 Indenture"), dated as of December 1, 2005, by and between the District and the Trustee; and
WHEREAS, the Series 2005 Bonds were issued to redeem the Outstanding Series 2005 Notes and finance approximately $9,800,000 of certain master infrastructure and improvements on District Lands (the "Series 2005 Project") included in the Westside Community Development District Engineer's Report for Phase 1 & 2 prepared by Hanson, Walker & Associates, Inc., as revised November 10, 2005 ; and
WHEREAS, the Series 2005 Bonds were validated by final judgment ofthe Ninth Judicial Circuit Court in and for Osceola County, Florida, on March 30, 2005; and
WHEREAS, pursuant to the Act, Chapter 170, Florida Statutes, and Resolution Nos. 2005- 25, 2005-26, 2005-29, and 2006-5, the District levied and imposed certain non ad-valorem special assessments (the "Series 2005 Special Assessments") on certain developable real property on benefitted land within the District that would specially benefit from the facilities and services provided by the Series 2005 Project; and
WHEREAS, the Series 2005 Special Assessments are the primary source of payment for the Series 2005 Bonds and are assessed pursuant to the methodology as described in the First Supplemental Special Assessment Allocation Report Westside Community Development District Special Assessment Revenue Bonds, Series 2005 Report, prepared by Rizzetta & Company, Inc., dated December 6, 2005 ; and
WHEREAS, on December 1, 2007, the District issued $ 17,510,000 in aggregate principal amount of its Special Assessment Revenue Bonds, Series 2007 (the, "Series 2007 Bonds"), under the terms of the Master Indenture, as supplemented by that certain Third Supplemental Trust Indenture (the "Third Supplemental Indenture" and, together with the Master Indenture, the "Series 2007 Indenture") dated as of December 1, 2007, by and between the District and the Trustee; and
WHEREAS, the Series 2007 Bonds were validated in the not to exceed the aggregate amount of $67,475,000 by the Circuit Court of the Ninth Judicial Circuit in and for Osceola County, Florida, in a final judgment validating the Series 2007 Bonds on September 4, 2007; and

2

WHEREAS, the Series 2007 Bonds were issued to finance $14,400,000 of certain master infrastructure and improvements on District Lands, and the acquisition of an approximately 42 acre school site (collectively, the "Series 2007 Project"), as described in the Westside Community Development District Engineer's Report for Phase 1, 2 & 3, prepared by Hanson, Walker, & Associates, Inc. dated October 29, 2007; and
WHEREAS, pursuant to the Act, Chapter 170, Florida Statutes, and R esolution Nos. 2007- 10, 2007-11, and 2008-7, the District levied and imposed certain non-ad-valorem special assessments (the "Series 2007 Special Assessments") on certain developable real property on benefited lands within the District that would specially benefit from the facilities and services provided by the Series 2007 Project; and
WHEREAS, the Series 2007 Special Assessments are the primary source of payment for the Series 2007 Bonds and are assessed pursuant to the methodology as described in the Final Assessment Allocation Report for Westside Community Development District Special Assessment Revenue Bonds, Series 2007 prepared by Rizzetta & Company, Inc., dated November 19, 2007; and
WHEREAS, the Series 2005 Special Assessments and the Series 2007 Special Assessments are levied on the same portions of developable property within the District Lands; and
WHEREAS, due to the economic downturn and the District not receiving adequate revenue generated from payments of the Series 2005 Special Assessments and the Series 2007 Special Assessments by certain landowners, the Board adopted Resolution No. 2009-05, on July 7, 2009, declaring an Event of Default under the Series 2005 Indenture and the Series 2007 Indenture with respect to delinquent payments of the Series 2005 Special Assessments (the "Delinquent Series 2005 Special Assessments") and delinquent payments of the Series 2007 Special Assessments (the "Delinquent Series 2007 Special Assessments" and, together with the Delinquent Series 2005 Special Assessments, the "Delinquent Special Assessments"), respectively, on portions ofthe District Lands (the "Delinquent Lands"); and
WHEREAS, the Trustee, at the direction of the sole beneficial owner of the Series 2005 Bonds and Series 2007 Bonds (the "Bondholder") created Westside CDD H oldings, Inc., a Florida corporation (the "SPE") as a special purpose entity to take title to and facilitate a repositioning of certain portions of the Delinquent Lands (the "Repositioned Land") for the benefit of the Bondholder; and
WHEREAS, contemporaneously with the creation of the SPE and the transfer of the Repositioned Land to the SPE, for the benefit of the Bondholder, the SPE also entered into a Management and Brokerage Agreement with Lerner Real Estate Advisors, Inc., and Lerner Real Estate Advisors Realty, Inc. (collectively, "Lerner") and the Trustee to manage and market the Repositioned Land; and
WHEREAS, as part of Lerner's duties, Lerner obtained and negotiated certain offers for the sale and purchase ofportions of the Repositioned Land (the "Sales Transactions") encumbered by the Series 2005 Special Assessments and the Series 2007 Special Assessments; and

3

WHEREAS, the Repositioned Land subject to the Sales Transactions are performing and paying the Series 2005 Special Assessments and the Series 2007 Special Assessments and are no longer expected to have Delinquent Special Assessments (the "Performing Assets"); and
WHEREAS, the SPE remains the owner of a certain parcel comprising a portion of the Repositioned Land referred to herein as "Parcel K"; and
WHEREAS, along with Parcel K, there continues to be certain Delinquent Lands for which the Series 2005 Special Assessments and the Series 2007 Special Assessments remain delinquent (collectively, the "Non-Performing Assets"); and
WHEREAS, the District has determined that it is in its best interest to facilitate the bifurcation of the Series 2005 Bonds and the Series 2007 Bonds (the "Bifurcations") to properly align the Performing Assets and Non-Performing Assets with the separate Series 2005 Bonds and the Series 2007 Bonds as set forth in the [Supplemental Assessment Methodology Report dated
         _, 2018, by  	_. (the "Revised Supplemental Methodology Report") attached hereto as Exhibit E; and
WHEREAS, the District has determined that the Bifurcations will, among other things, provide the opportunity for the orderly and continued development of the remaining developable land within the District; and
WHEREAS, the District now seeks to restructure the Repositioned Lands by separating the Performing Assets and the Non-Performing Assets visive the Bifurcations ofthe (i) Series 2005 Bonds to the (A) Special Assessment Revenue Bonds, Series 2005-1 (the "Series 2005-1 Bonds"), relating to the Performing Assets, and (B) Special Assessment Revenue Bonds, Series 2005-2 (the "Series 2005-2 Bonds" and, together with the Series 2005-1 Bonds, the "Series 2005-1/2 Bonds"), relating to the Non-Performing Assets, and (ii) Series 2007 Bonds into the (A) Special Assessment Revenue Bonds, Series 2007-1 (the "Series 2007-1 Bonds"), relating to the Performing Assets, and
Special Assessment Revenue Bonds, Series 2007-2 (the "Series 2007-2 Bonds" and, together with the Series 2007-1 Bonds, the "Series 2007-1/2 Bonds"), relating to the Non-Performing Assets; and
WHEREAS, in consideration of the foregoing, the District has resolved to facilitate and execute all documents necessary to carry out the Bifurcations; and
WHEREAS, in furtherance of the Bifurcations, the SPE, the District, and the Trustee, at the direction and with the consent ofthe Bondholder, have agreed to the Bifurcations; and
WHEREAS, there has been submitted to the Board at this meeting, with respect to the Bifurcations, the following documents:
a form ofthe Term Sheet, setting forth thetermsofthe Bifurcations attached hereto as Exhibit A; and
a form of (A) the Amended and Restated Second Supplemental Trust Indenture (the "Amended and Restated Second Supplemental Indenture" and, together with the Master Indenture, the "Series 2005-1/2 Indenture") relating to the Series 2005-1/2 Bonds

4

attached hereto as Exhibit B-1, and (B) the Amended and Restated Third Supplemental Trust Indenture (the "Amended and Restated Third Supplemental Indenture" and, together with the Master Indenture, the "Series 2007-1/2 Indenture" and, together with the Series 2005-1/2 Indenture, the "Amended and Restated Supplemental Indentures"), relating to the Series 2007-1/2 Bonds attached hereto as Exhibit B-2, and each between the District and the Trustee; and
a form of Information Memorandum to be issued in connection with the Bifurcations and attached hereto as Exhibit C; and
a form of Continuing Disclosure Agreement between the District and each landowner constituting an obligated person as described therein, and joined in by the Trustee, attached hereto as Exhibit D; and
a [Supplemental Assessment Methodology Report] dated [�	....,]
and prepared by . 	...., attached hereto as Exhibit E; and
WHEREAS, capitalized terms used herein and not otherwise expressly defined herein shall have the meanings ascribed thereto in the Amended and Restated Supplemental Indentures; and
WHEREAS, the District desires to authorize the actions necessary to accomplish the foregoing, including authorizing and approving various instruments to be executed and delivered in connection therewith; and
NOW, THEREFORE, BE IT RESOLVED by the Board of Supervisors of Westside Community Development District, as follows:
Section 1. Incorporation of Recitals. All of the above representations, findings and determinations contained above are recognized as true and accurate and are expressly incorporated into this Resolution.
Section 2. Terms. All capitalized terms which are not otherwise defined herein shall have the meaning defined in the Amended and Restated Supplemental Indentures.
Section 3. Authorization of the Bifurcations; Transfer of Funds; Payment of the Costs of Issuance. The District is hereby authorized and directed to bifurcate the: $8,205,000 Outstanding principal amount of Westside Community Development District Special Assessment Bonds, Series 2005, into (i) $2,350,000 aggregate principal amount of Westside Community Development District Special Assessment Bonds, Series 2005-1, relating to the Performing Assets, and (ii) $5,855,000 aggregate principal amount of Westside Community Development District Special Assessment Bonds, Series 2005-2, relating to the Non-Performing Assets. The Board hereby further authorizes and directs the bifurcation of: $7,005,000 Outstanding principle amount of Westside Community Development District Special Assessment Bonds, Series 2007, into (i)
$730,000 aggregate principal amount of Westside Community Development District Special Assessment Bonds, Series 2007-1, relating to the Performing Assets, and (ii) $6,275,000 aggregate principal amount of Westside Community Development District Special Assessment Bonds, Series 2007-2, relating to the Non-Performing Assets.

5

The Series 2005-1/2 Bonds shall be issued under and secured by the Master Indenture and the Amended and Restated Second Supplemental Indenture. The Series 2007-1/2 Bonds shall be issued under and secured by the Master Indenture and the Amended and Restated Third Supplemental Indenture. The Amended and Restated Supplemental Indentures are hereby incorporated into this Resolution as if set forth in full herein. The final aggregate principal amounts of the Series 2005-1/2 Bonds and Series 2007-1/2 Bonds may change from the amounts stated in this Section 3 based on Outstanding principal amounts of the Series 2005 Bonds and the Series 2007 Bonds, which changes shall be approved by the Chairman or Vice Chairman of the Board (the "Chairman" and "Vice Chairman," respectively) or any member of the Board designated by the Chairman in writing (a "Designated Member"), with execution ofthe Amended and Restated Supplemental Indentures, constituting conclusive evidence of approval.
The District hereby determines that the Series 2005-1/2 Bonds and the Series 2007-1/2 Bonds shall be dated such date, shall mature in the amounts and at the times, shall bear interest at the rates, and be redeemable at the redemption prices all as provided in the Amended and Restated Supplemental Indentures.
The Board specifically authorizes the transfer of funds on deposit in the Funds and Accounts held under the Series 2005 Indenture and the Series 2007 Indenture securing the repayment of the Series 2005 Bonds and the Series 2007 Bonds, respectively, to the respective Funds and Accounts held under the Amended and Restated Second Supplemental Indenture and the Amended and Restated Third Supplemental Indenture on a pro-rata basis by the Trustee.
The Board specifically authorizes the payment of costs of issuance related to the Bifurcations to be paid from the Funds and Accounts held under the Series 2005 Indenture and the Series 2007 Indenture.
Section 4. Approval of the Term Sheet. The Board hereby approves the form of Term Sheet related to the Bifurcations attached hereto as Exhibit A with such changes therein as shall be approved by the Chairman, Vice Chafrman, or Designated Member.
Section 5. The Amended and Restated Second Supplemental Indenture and the Amended and Restated Third Supplemental Indenture. The Board hereby approves the form ofthe Amended and Restated Second Supplemental Indenture attachedhereto as Exhibit B-1, and the Amended and Restated Third Supplemental Indenture attached hereto as Exhibit B-2, and authorizes the execution thereof by the Chairman, Vice Chairman, or a Designated Member, and the attestation thereof by the Secretary or any Assistant Secretary of the Board (collectively referred to herein as the "Secretary"), and the delivery of such Amended and Restated Supplemental Indentures in substantially the forms attached hereto, with such changes therein as shall be approved by the Chairman, Vice Chairman, or Designated Member executing the same, with such execution to constitute conclusive evidence of such officer's approval and the District's approval of any changes therein from the form of the Amended and Restated Supplemental Indentures attached hereto.
Section 6. Approval of the Information Memorandum. The Board hereby approves the form of Information Memorandum related to the Bifurcations attached hereto as Exhibit C

6

with such changes therein as shall be approved by the Chairman, Vice Chairman, or Designated Member.
Section 7. Approval of the Continuing Disclosure Agreement. The Board hereby approves the form of and authorizes and approves the execution and delivery of a Continuing Disclosure Agreement(s) by the Chairman, Vice Chairman, or Designated Member, substantially in the form presented to this meeting and attached hereto as Exhibit D with such changes therein as shall be approved by the Chairman, Vice Chairman, or Designated Member executing the same, with such execution to constitute conclusive evidence of such officer's approval and the District's approval of any changes therein from the form of the Continuing Disclosure Agreement attached hereto.

Section 8. Approval ofthe Revised Supplemental Methodology Report. The Board hereby approves the Revised Supplemental Methodology Report related to the Bifurcations attached hereto as Exhibit E with such changes therein as shall be approved by the Chairman, Vice Chairman, or Designated Member.
Section 9. Further Official Action; Ratification of Prior and  Subsequent Acts. The Chairman, the Vice Chairman, the Secretary and a Designated Member and any other proper official of the District are each hereby authorized and directed to execute and deliver any and all documents and instruments in furtherance of the Bifurcations (including, without
limitation, any documents required by the Trustee to evidence its rights and obligations with respect to the Bifurcations, any documents required in connection with maintaining the exclusion ofinterest on the Series 2005-1/2 Bonds and the Series 2007-1/2 Bonds from gross income ofthe holders thereof) and to do and cause to be done any and all acts and things necessary or desirable for carrying out the Bifurcations contemplated by this Resolution. In the event that the Chairman, the Vice Chairman or the Secretary is unable to execute and deliver the documents herein contemplated, such documents shall be executed and delivered by the respective designee ofsuch officer or official or any other duly authorized officer or official of the District. The Secretary is hereby authorized and directed to apply and attest the official seal ofthe District to any agreement or instrument authorized or approved herein that requires such a seal and attestation. The Chairman or any Designated Member may, among other things, authorize the change of the date of any document accompanying this Resolution as an exhibit or incorporate the information and details related to the Bifurcations. Execution by the Chairman or a Designated Member of such document shall be deemed to be conclusive evidence of approval of such change of date or the incorporation ofinformation and details relating to the Bifurcations. All of the acts and doings of such members of the Board, the officers of the District, and the agents and employees of the District, which are in conformity with the intent and purposes of this Resolution, whether heretofore or hereafter taken or done, shall be and are hereby ratified, confirmed and approved.
Section 10. Notices Authorized. The District's staffis hereby directed to issue or have issued any appropriate notice to the Municipal Securities Rulemaking Board's Electronic Municipal Market Access system regarding the Bifurcations, and to provide any other notice(s) required by law.
Section 11. Severability. If any section, paragraph, clause or prov1s10n of this Resolution shall be held to be invalid or ineffective for any reason, the remainder ofthis Resolution

7

shall continue in full force and effect, it being expressly hereby found and declared that the remainder of this Resolution would have been adopted despite the invalidity or ineffectiveness of such section, paragraph, clause or provision.
Section 12. Inconsistent Proceedings. All resolutions or proceedings, or parts thereof, in conflict with the provisions hereof are to the extent of such conflict hereby repealed or amended to the extent of such inconsistency.
Section 13. Public Meetings. This Resolution shall take effect immediately upon its adoption. It is hereby found and determined that all formal actions of the District concerning and relating to the adoption of this Resolution and the consummation of the transactions contemplated by this Resolution were adopted in open meetings of the District, and that all deliberations of the District that resulted in such formal action were in meetings open to the public, in compliance with all legal requirements.
Section 14. Effective Date. This Resolution shall become effective immediately upon its adoption. The Bifurcations and documents related thereto including, without limitation, the Term Sheet, the Amended and Restated Second Supplemental Indenture, the Amended and Restated Third Supplemental Indenture, the Continuing Disclosure Agreement, and the Information Memorandum, shall become effective on the effective date provided therein, subject to the receipt by the Trustee of the written consent of the Bondholder.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

8

ADOPTED this 8th day ofNovember, 2018.

[SEAL]

ATTEST:

Secretary

WESTSIDE COMMUNITY DEVELOPMENT DISTRICT

By:	­
Chairman, Board of Supervisors

EXHIBIT A FORM OF TERM SHEET

EXHIBIT B-1

FORM OF THE AMENDED AND RESTATED SECOND SUPPLEMENTAL INDENTURE

EXHIBIT B-2

FORM OF THE AMENDED AND RESTATED THIRD SUPPLEMENTAL INDENTURE

EXHIBIT C
FORM OF INFORMATION MEMORANDUM

EXHIBIT D
FORM OF CONTINUING DISCLOSURE AGREEMENT

EXHIBIT E
REVISED SUPPLEMENTAL METHODOLOGY REPORT

ORL 299819937v1

SECTION	IX 

SECTION C

SECTION	1

Westside
Community Development District

Summar;, of Check Register
September 27, 2018 to October 30, 2018

	Fund	Date	Check No.'s	Amount		

General		
09/28/18	
1407-1408	
$	
1,591.76	
		10/08/18	1409	$	1,547.17	
		10/12/18	1410-1413	$	2,676.07	
		10/15/18	1414	$	3,719.10	
		10/18/18	1415-1416	$	13,292.50	
				$	22,826.60	
Payroll		October 2018				

Scott D Stewart	50240

  $	184.70 
$	1 84.70

$	23,011.30 I

A* P* *300R	YEA*R*-*TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER  CHECK  REGISTER	RUN   10/30/18	PAGE	1

CHECK DATES 09/27/2018 - 10/30/2018 

WESTSIDE CDD - GENERAL FUND BANK A WESTSIDE CDD

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

STATUS

AMOUNT

• • . . CHECK	• 

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

AMOUNT	#

9/28/18 00022 

9/12/18 5265620	201808 310-51300-3 1100 

*	95 .00

9/28/18 00029 

- - -

PREP/ATTND CDD MEETING	HANSON, WALTER & ASSOCIATES , INC .

*	- - - - - - - - - -

95 . 00 001407 

9/20/18 82641	201808 310-51300-31500 
PREP . ATTND .MTG/CONVEYANCE LATHAM, SHUKER, EDEN & BEAUDINE , LLP 10/08/18 00001	10/01/18 307	201810 320-53800-49000 
FIELD MANAGEMENT-OCT1 8	GOVERNMENTAL MANAGEMENT SERVICES

1, 496 .76 
- - - - -  - - - - - -1 -,4 -96 -. 7-6   001408 
*	1,547 . 17
-  - - -  - - - - - - - 1 -, 54-7 -. 1 -7   001409 

10/12/18 00056	9/28/18  10194	201809  320-53800-46400	*

600 . 00 

STORMWATER POND MNT-OCT18 9/28/18 10194	201809 320-53800-46400 
GOODMAN POND MNT-OCT18
9/28/18 10194	201809  320-53800-46400 
SOLARA PONDS Sl,2 &3 -0CT18 9/28/18   1S0O1L9A4RA  HY2D0R1 I8L0L9A3B2U0R-N5D3O8W0N0-46400 
9/28/18  10 194	201809  320-53800-46400 
SOLARA TRASH COLLECT .	AQUATIC WEED MANAGEMENT , INC .

*	100 . 00
*	275 . 00
*	400.00
*	300 . 00
- - -  - - - -  - - -  -1 -, 6-75 -.0 -0   001410 

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

10/12/18 00035	10/01/18 72459	201810 310-51300-54000	*

175. 00

- - - - - - -

SPECIAL  DISTRICT  FEE-FY19	DEPARTMENT OF ECONOMIC OPPORTUNITY

- - - - - - - - - -

175 .00 001411 

10/12/18 00006	10/02/18 6-325-63 20 1809 310-513 00-42000 

*	63 .47

DELIVERY 09/27/18 

FEDEX

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

63 .47 001412 

10/12/18 00039 

9/30/18 232692	201809 320-53800-46300 
MAINLINE REPAIR	YELLOWSTONE LANDSCAPE

*	762. 60
- -  - - -  - -  - -  - -  -7-62 -. 60-

001413 

10/15/18 00001	10/01/18 306	201810 310-51300-34000 
MANAGEMENT FEES - OCT18 10/01/18  306	201810  310 -51300-35100 
INFORMATION TECH - OCT18 10/01/18 306	201810 310-51300-31300 
DISSEMINATION SVES-OCT18 
10/01/18  306	201810 310-51300-51000 
OFFICE SUPPLIES
10/01/18 306	201810 310-5 1300-42000 
POSTAGE

*	3,3 15 .33
*	83 .33
*	291 . 67
*	7. 62
*	8. 55

WEST WESTSIDE	KCOSTA

AP300R	YEAR-TO-DATEWAECSCTOSUIDNETSCPDADYA-BGLEENEPRAELPAFIUDN/CDOMPUTER  CHECK  REGISTER	RUN  10/30/18 

PAGE	2

*** CHECK DATES 09/27/2018 - 10/30/2018 *** 

BANK A WESTSIDE CDD

CHDAECTKE

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

AMOUNT

A. M. O. U. CNHTECK. . #. . . 

10/01/18   3C0O6 PIES

201810 310-5 1300-42 500	*
GOVERNMENTAL MANAGEMENT SERVICES

12 .60 

3,7 19. 10 001414 

RMV/RPLC  FENCE

10/18/18 00061	9/20/18 4360	201809 320-53800-49100	*
BERRY CONSTRUCTION OF CENTRAL

*

10/18/18   00039	10/01/18   2L3A1N0D8S5CAPE2 0M1A8 I1N0T-3O2C0T-51 83800-46200	*

POND  MAINTENANCE-OCT18

10/01/18 2 3 1085	201810 320-5 3 00-46200 
10/01/18 231085	201810 320-53800-46200	*
ROW, ISLANDS AND BUFFERS	YELLOWSTONE LANDSCAPE
TOTAL FOR BANK A TOTAL FOR REGISTER

630 .00

7, 107.50
1,025 .00
4, 530 . 00

22 ,826 .60
22, 826 .60

630 . 00 001415 

12 , 662 . 50 001416 

WEST WESTSIDE	KCOSTA

SECTION 2

Westside
Community Development District

Unaudited Financial Reporting September 30, 2018

Ta ble of Contents

 	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

 	Capital Projects Fund Income Statement

 	Capital Reserve Fund

 	Month to Month

 		Long Term Debt Summary 10-11		Assessment Receipt Schedule

WESTSIDE CDD
COMMUNITY DEVELOPMENT DISTRICT COMBINED BALANCE SHEET
September 30, 2018

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

STATE BOARD ADMINISTRATION	505,483						294,047	799,530	
CONSTRUCTION FUND					397	2,627		3,024	
COST OF ISSUANCE
DEFERRED COST		
12,158	
3,701					
15,859	
INTEREST FUND				89,025				89,025	
RESERVE FUND		572,204	721,388	115,065				1,408,657	
REVENUE FUND		1,401,824	4,658,467	280				6,060,571	
PREPAYMENT FUND		34	1,459					1,494	
PREPAID	13,659							13,659	
DUE FROM GENERAL FUND		27,730	9,816					37,546	
TOTAL ASSETS	$	891,348	$	2,013,950	$	5,394,831	$	204,370	$	$	26,820	$	2,627 -	$	299,094	_$_  8,833,437	

LIABILITIES & FUND BALANCES									
LIABILITIES									

CASH	$	372,206	$	$	$	$	$	26,820	$	$	5,047	$	404,073 INVESTMENTS

397

ACCOUNTS PAYABLE	$	3,131	$	$	$	$	$	$	$	$	3,131 DUE TO GEN ERAL FUND										$
DUE TO DEBT SERVICE	37,546	37,546
ACCRUED INTEREST PAYABLE 2005	1,423,376	1,423,376
ACCRUED INTEREST PAYABLE 2007	3,489,480	3,489,480
ACCRUED PRINCIPAL PAYABLE 2005	2,665,000	2,665,000

ACCRUED PRINCIPAL PAYABLE 2007	 		 	1,070,000 

 		1,070,000

TOTAL LIABILITIES	 	40,677 	4,088,376	4,559,480	 		 		8,688,534

FUND BALANCES
RESTRICTED FOR DEBT SERVICE	$		$     (2,074,426)        $          835,351          $        204,370         $			$			$			$			$ (1,034,705) RESTRICTED FOR CAPITAL PROJECTS							397			26,820			2,627			299,094			328,938 UNASSIGNED		 850,671 		 		 					 			 			 		850,671   

TOTAL FUND BALANCES	850,671	 	(2,074,426)	835,351	 	204,370	397	 	26,820	2,627	299,094	144,904

TOTAL LIABILITIES & FUND BALANCES	$	891,348	$	2,013,950	$	5,394,831	$	204,370	$	397	$	26,820	$	2,627	$	299,094	$	8,833,437

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
TOHO Connection Work Property Insurance Field Management

WESTSIDE CDD COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND
STATEMENT OF REVENUES & EXPENDITURES
For The Period Ending September 30, 2018

Adopted	Prorated Budget
Bud et	Thru 09/30/18

$218,183	$218,183
$463,547	$463,547
$200	$200
$0	$0
$0	$0
$681,930	$681,930

$12,000	$12,000
$918	$918
$10,500	$10,500
$40,000	$40,000
$1,200	$1,200
$39,784
$1,000	$1,000
$6,000	$6,000
$6,000	$6,000
$5,000	$5,000
$3,975	$3,975
$100	$100
$2,250	$2,250
$8,600	$8,600
$2,000	$2,000
$1,500	$1,500
$1,250	$1,250
$400	$400
$600	$600
$10	$10

$53,750

$175
$53,750
$197,012	$197,012

$87,855	$87,855
$15,000	$15,000
$30,000	$30,000
$1,500	$1,500
$55,000	$55,000
$60,000	$60,000
$0
$1,100	$1,100

Lake & Wetland Maintenance	$22,800	$22,800	$20,650	$2,150	
Misc. Contingency	$30,000	$30,000	$4,569	$25,431	
Stormwater/Lake Repair
Transfer Out		$148,098	$148,098	$148,098	($0)	
TOTAL OPERATION AND MAINTENANCE		$484,918	$484,918	$430,424	$54,495 1	
TOTAL EXPENDITURES		$681,930		$582,697		
EXCESS OF REVENUES OVER (UNDER) EXPENDITURES		$0		$123,816		
FUND BALANCE, BEGINNING		$0		$726,85S		
FUND BALANCE, ENDING		$0		$850,671		
	
2					

$18,566	$18,566

Actual
Thru 09/30/18	Variance

$269,422	$51,238
$418,787	($44,759)
$7,668	$7,468
$5,545	$5,545
$5,090	$5,090
$706,512	$24,582 I

$2,600	$9,400
$199	$719
$7,322	$3,178
$18,057	$21,943
$900	$300
$39,784
$1,000	$0
$8,042	($2,042)
$0	$6,000
$5,000	$0

$17

$3,825	$150
$1,056	$1,194
$864
$544	$1,456
$513
$629	$621
$326
$572	$28
$6
$175	$0
$53,750	$0
$152,273	$44,739 l
$110,585	($22,730)
$1,246	$13,754

$655

$5,467	$24,533
$845
$52,326	$2,674
$49,788	$10,212

$177

$17,550	($17,550)
$923
$18,566	($0)

$15,000	$15,000	$15,000

WESTSIDE CDD COMMUNITYDEVELOPMENT DISTRICT DEBT SERVICE SERIES 2005
STATEMENT OF REVENUES & EXPENDITURES
For The Period Ending September 30, 2018

Adopted	Prorated Budget
Budget	Thru 09/30/18

Actual
Thru 09/30/18	Variance

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 Special Call - 9/21 Interest - 9/21
TOTAL EXPENDITURES OTHER FINANCING SOURCES
Other Debt Service Cost
Transfer In {Out)

TOTALOTHER FINANCING SOURCES (USES)

$276,643	$276,643
$163,560	$163,560
$774,584	S774,584
Sll,442	Sll,442
$0
$1,226,228	$1,226,228

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

so	so
so	so
$0	so

$281,970	$5,328
$163,560	$0
so	(S774,584)
$0	($11,442)
$42,619	$42,619
$488,150	(S738,078)I

$474,459
$474,459

($63,845)
($63,845)
$405,000	so
$1,790,000	($1,790,000)
$241,600	($241,600}
$3,385,518	($2,159,290)1

(S229,738)	(S229,738)
$5,220	ss,220
(S224,518)	1s224,s18)I

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

FUND BALANCE, ENDING	so

3

($3,121,887)

$1,047,461 ($2,074,426)

WESTSIDE CDD
COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE SERIES 2007
STATEMENT OF REVENUES & EXPENDITURES
For The Period Ending September 30, 2018

REVENUE	Bud et	Thru 09/30/18	Thru 09/30/18	Variance	
Assessments- On Roll Assessments- Off Roll
Assessments - Accelerated	$346,860
$59,897
$1,020,603	$346,860
$59,897
$1,020,603	$349,708
$3,820,884
$0	$2,848
$3,760,987 ($1,020,603)	
Other Debt Service Funds
Bondholder Contributions Land Sale Proceeds Interest	$8,600
$0
$0
$0	$8,600
$0
$0
$0	$0
$0
$0
$26,665	($8,600)
$0
$0
$26,665	
TOTAL REVENUE	$1,435,960	$1,435,960	$4,197,257	s2.161.291 1	
EXPENDITURES					
Interest - 11/1	$555,480	$555,480	$580,860	($25,380)	

Adopted	Prorated Budget	Actual

Interest - 5/1 Principal - 5/1 Special Call - 9/21 Interest - 9/21
TOTAL EXPENDITURES

OTHER FINANCING SOURCES

Other Debt Service Cost

$555,480	$555,480
$325,000	$325,000
$0	$0
$0	$0
$1,43S,960	$1,435,960

$0	$0

$580,860	($25,380)
$325,000	$0
$550,000	($550,000)
$ 134,200	($134,200)
$2,170,920	($734,960)1

($201,042)	($201,042)

Transfer (Out)/ln	$0	$0	($5,220)	($5,220)	
TOTAL OTHER FINANCING SOURCES (USES}	$0	$0	($206,261)	($206,261)1	
EXCESS OF REVENUES OVER (UNDER) EXPENDITURES	$0		$1,820,075		
FUND BALANCE, BEGINNING	$0		($984,724)		
FUND BALANCE, ENDING	$0		$835,351		

4

WESTSIDE COD
COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE SERIES 2018
STATEMENT OF REVENUES & EXPENDITURES
For The Period Ending September 30, 2018

REVENUE
Bonds Proceeds Interest

TOTAL REVENUE EXPENDITURES
Interest - 11/1
Interest - 5/1

Adopted	Prorated Budget
Budget	Thru 09/30/18

$0	$0
$0	$0

$0	$0

$0	$0

Principal - 5/1	$0	$0		$0	
TOTAL EXPENDITURES	$0	$0	$31,653	($31,653)1	
EXCESS OF REVENUES OVER (UNDER) EXPENDITURES	$0		$204,370		
FUND BALANCE, BEGINNING	$0		$0		
FUND BALANCE, ENDING			$204,370		

$0

Actual
Thru 09/30/18	Variance

$235,743	$235,743
$280	$280

$236,023	$236,023 I

$0
$31,653	($31,653)

5

WESTSlDE COD
COMM UNI1Y DEVELOPM ENTDISfRICT CAPITAL PR OJECTSSERIES 2005, 2007, & 2018 STATEMENT OF REVENUES & EXPENDITURES
For The Period Ending September 30, 2018

REVENUE
Interest

Series	Series
2005	2007

$11

Series
2018	Total

$5	$20

TOTAL REVENUE EXPENDITURES
Bank Fees
Capital Outlay Capital Outlay - COi

TOTAL EXPENDITURES OTHER FINANCING SOURCES
Bonds  Proceeds
Transfer In (Out)

TOTAL OTHER FINANCING SOURCES (USES)

EXCESS OF REVENUES OVER (UNDER) EXPENDITURES

I	$4	$11

$0	$300
$0	$0
$0	$0

$0	$300

$0	$0
$0	($0)
($0)

($290)

s20 1

$0	$300
$2,973,657	$2,973,657
$277,978	$277,978
$3,251,634	$3,251,934 I

$3,254,257	$3,254,257
$0	($0)
$3,254,257	$3,254,256 1
$2,627	($285)1

FUND BALANCE, BEGINNING	$392	$27,109

FUND BALANCE, ENDING	$397	$26,820

6

$0	$27,502 I
$2,627	$29,844 I

WESTSIDE CDD
COMMUNITY DEVELOPMENT DISTRICT CAPITAL RESERVE FUND
STATEMENT OF REVENUES & EXPENDITURES
For The Period Ending September 30, 2018

Proposed	Prorated Budget
Budget	Thru 09/30/18

Actual
Thru 09/30/18	Variance

REVENUE

Transfer In Interest
TOTAL REVENUE EXPENDITURES

Miscellaneous Expense Capital Outlay
TOTAL EXPENDITURES

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

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

$148,098	$0
$4,221	$4,221
$152,319	$4,221 1

$6,940

($15) ($6,940)
$6,955	($6,955)1

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

7

$145,363
$153,731
$299,094

BMlM
Maintenance Assessments-On Roll

WESTSIDE COD
COMMUNITY DEVELOPMENT DISTRICT
Oct	Nov	O.c	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug

$0
S30
$0 so
S24,287

$136,844	$10,200	$14,632	$10,737	$31,305	$8,630	$34,138	$10

Total

so
$0
so

$321

S7,668
S5,090

Maintenance  Assessments,. Off Roll	$24,2S7	$11,027	$278,937	$22,877	$4,743	$34,348	$0	$20,355	$12,129

$0	$269,422

$0 so

Interestlnc.ome
Developer Contribution

$28
$0

$43

so

$0

SS,54S

$711	$780	$831	$881	$887	$961

$0

$0 so

$0

$0 so

$0

$0

$0

$0

$9S1

$10,11S	$418,787

Misc Revenue

$0	$0	$0	S5,090

$0	$0

$S,54S

TOTAL REVENUE	I
EXPENOIIURES
ADMINISTRATIVE
Supervisor Fees

$33,981	$415,824	$38,943	S20,086	S50,954	S32,136	$29,867	$47,153	$971	$9S1	$11,3S9	$706,S12 I

$400
$31
Sl,4S9
so S3,315

$400

$0
$0

$0
$0 so so S0

$0	$400	$0	$600	$0	$400	$0

Flea Expense

$0	$0	$46

$400

$31
$475
Sl,466
so

$0

S9S
so
$83

$0

$2,600

$95
so
$3,315

$0
$3,31S
$0
$0
$0
S0
$7
S0

Engineering Fel!!S	$190	$190

S5,476	$143	$285

$214	$160	$0

$31

$199

so

So S3,31S
$0
$0
$0
$0 so S46

Legal Fees
Arbitrage

$2,096	$S26

$900

$3,375	$4,721

S2,036	$882	$0	$1,497

$0
S83

$0
$3,31S
$83
$292

$0

S7,322 S18,0S7

Management Fees

$3,315

$3,315	$3,315

$3,315

$900

lnfam,ation Technology	$83	$83	S83

$39,784

$0

$8,042
$5,000

$17

Dissemination	$6,000	$0

$292	$292

$292

$83	$1,000

so S3,31S
$83

Trustee	$0	$0	$0

$0

AssessmentRoUSer-ikes	$5,000	$0	$0

$0	$0	$0	$0

S292
$0
S0
s0
S0 S15
$0
S61

so
S0

so
S116
so SD
S47

$0

$0	$0	$0	$0

$292

$0

$0

$0
$11
$329
S69
$0
$1

$0
so S54
S45

Auditing Sefvice:s

$0	$0

$0	S3,825	$0	$0

Telephone
Postage and Freight
Insurance • General Liability	$7,736
Printing and Btnding

$0

S0 S77

$124	$7

$0

so

$0

$105	$130	$11

$63

S63

$0

so

S49

S61

S90

$0	$0	$0

S7
$0
$23 so
$0
$0
$0
$0

S16

$0

$0
$42

$50

$0	$3,825

S72

$0

S0

$1,056

$31
S0

S544
S629

$7,736

Legal Advertising

$0	$0

$223

$189

$575

s10

Miscellaneous Services	$42	$45

$103	$46

so

Office Supplies

$18	$10

$11	$0	$10	$11

$0	$11

S4

S0
$0
$0

Property Appraiser's Fee	$0	$0	$0

$0
$0
$0

$0

PropertyTaxes	$0

$0

Dues, Lk:enses, subscriptions	$175

$572	$0

$0
$47
$0
$0

$0	$0	$0

$0

s0

$0
$8,924

$0	$0	$0

$0	$0

$0
$0
$0

$0

$0

$1

so

$0	$0

$74
$0	$4

so S0

Settlement Agreement Payments

S53,750

$0	$175

so

so

$0	$S3,750

TOTAL ADMINISTRATIVE	I	S24,842	$59,702	$4,565	S9,933	$8,553

$7,108

OPERATIONS AND MAINTENANCE

$6,279

$8,634	$4,429	S5,830	$3,835	$152,2731

landsci1pe Mc1inten.1nce	$7,108	$7,108

$7,108	$7,108	$9,158

$12,663	$12,663	$12,663	S12,663	$110,585

S7,108

S8,133
$0

$0

$3,413
$4,316
$2,576
$0
$1,547

Irrigation R@pairs	$0	$0	$0	$0	$0	$299	$0	$184	$0	$0

$763

$0
$58

Plant Replacement
Electric	$49

$400	$0

$0	$0
$61

S56	$62

$0	$0

$43

$43

$1,246

$655

$4,316

$0	$5,467

5t�tlighting
Irrigation Water

$60
$4,316

$3,506

$4,316	$4,383

$17

$0
Sl,547

$4,226

$4,383	$4,383	$4,383

$17

$0
$975

$5,786	$5,548

$7,370

$4,383	$52,326

TOHO Ccnnection Work

$0	$0	$17,550	$0

$0	$0	$0

$10,993	$49,788

$0
S975

$0

$0
$1,547
$700
$0

Property Insurance	$923	$0
Field Management

$700
so SD

Lake & Wetland Maintenance	$700

$0

$1,547
$700	$9,700

$0	$0

$0
Sl,547
$975

$0
$0

$0
$0
SD

$1,547	$1,547	$1,547	$1,547
S2,575

$0	$17,550

$0
$975
$0 s0

$923

$0

Sl,675

$1,547	$1,547	$18,566

Misc. Contingency	$152

$1,402	$0	$0

$64	$56

Stormwater�ke Repair	$0

$0	$0	$0	$0	$0

0	$0	$77	$630	$4,569

$0

$0

$0

Transfer Out	$0	$0	$0	$0

$148,098

$0	$0	$0

$0

$0	$148,098

TOTAL OPERAT10NS ANO MAINTENANCE	I	$20,782	$18,169	$19,502	$36,907	S22,812	$14,389	$164,935	$21,128	$25,483	S26,558	$27,058	$32,699
TOTAL EXPENDITURES	I	S45,624	$77,871	$24,068	$46,840	S31,365	$23,314	$171,214	$27,875	$34, 117	$30,987	$32,888	$36,534

$430,4241
$582,6971

EXCESS OF REVENUES  OVER  (UNDER} EXPENOtTURES I  ($21,338)	($43,889)	$391,757

($11,279)	$27,640	($139,078)	$1,992	$13,037	($30,016)	($31,938)	($25,175)	$123,8161

8

WESTSIDE
Community Development District LONG TERM DEBT REPORT
SERIES  2005,  SPECIALASSESSMENT REVENUE BONDS

INTEREST RATE:	5.65%	
MATURITY DATE:	5/1/2037	
RESERVE FUND DEFIN ITION	MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$1,214,786	
RESERVE FUND BALANCE	$570,012	
BONDS OUTSTAN DING - 9/30/13	$17,050,000	
LESS: PRINCIPAL PAYMENT 5/1/14	$0	
LESS: PRINCIPAL PAYMENT 5/1/15	$0	
LESS: PRINCIPAL PAYMENT 4/1/16	($255,000)	
LESS: PRINCIPAL PAYMENT 9/21/18 (PREPAYMENT)	($1,790,000)	
CURRENT BONDS OUTSTANDING	$15,005,000	

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	$718,625	
BONDS OUTSTANDING - 9/30/13	$17,340,000	
LESS: PRINCIPAL PAYMENT 5/1/14	$0	
LESS: PRINCIPAL PAYMENT 11/1/14 (PREPAYMENT)	($550,000)	
LESS: PRINCIPAL PAYMENT 5/1/15	$0	
LESS: PRINCIPAL PAYMENT 4/1/16	($615,000)	
LESS: PRINCIPAL PAYMENT 11/1/16 (PREPAYMENT)	($40,000)	
LESS: PRINCIPAL PAYMENT 9/21/18 (PREPAYMENT)	($550,000)	
CURRENT BONDS OUTSTANDING	$15,585,000	

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 OUTSTAN DING - 2/27/18	$3,490,000	

CURRENT BONDS OUTSTANDING	
$3,490,000	

9

WESTSIDE
COMMUNllY DEVELOPMENT DISTRICT

SPECIAL ASSESSMENT RECEIPTS - FY2018

TAX COLLECTOR

Gross Assessments    $	940,503	281,203	294,300	]65,000

35.34

Net Assessments $	884,072	264,330	276,642	343,100
Date	Gron Assessm•nts        Discounts/	Commissions	Interest	N!t Amount
Received	Dist.	Received	PenaltJes	Paid	Income	Received

11/9/17	ACH	$		7,294.57		385.80		BB.18  $	$ 6,nO.S9 ll/'l4/17	ACH	$	74,305.25	2,971.93	1,426.67 $	$        69,906.65
12/1S/17	ACH	$	"48,818.78	17,950.20	8,617.36 $	$  422,251.22
12/28/17	ACH	$	37,492.51)	1,334.51	723.16 $	$   35,434.83
1/16/18	ACH	$	32,799.35	983.96	636.32 $	$     31,179.07
1/16/18	ACH	$	2,964.29	83.70	S7.60  $	$	2,822.99
1/26/18	ACH	$	$	112.93    $	112.93
2/14/18	ACH	$	51,044.62	1,107.69	998.74     $	$       48,938.19
3/9/18	ACH	$	36,743.45	410.03	726.67    $	$       35,606.75
3/9/18	ACH	$	309.03	6.18    $	$	302.85
4/13/18	ACH	$	106,817.43	14.91	2,136.05  $	$     104,666.47
4/24/18	ACH	$	$	35.18   $	35.18
5/11/18	ACH	$	27,974.90	572.20    $	634.61    $        28,037.31
S/11/18	ACH	$	82S.88	16.87  $	17.8S  $	826.86
6/14/18	ACH	$	16,548.00	340.88  $	496.43      $      16,703.55
6/20/18	ACH	$	96,564.54	1,989.24    $	2,896.88      $      97,472.18
7/17/18	ACH	$	$	32.53  $	32.53
$	$	$	2005	2007
General Fund   Debt Svt Fund  Debt Svc Fund	Total
29.90%	31.2�	38.81"	100%

$         2,024.35     $	2,118.64 $	2,627.60  $	6,no.s9
$     20,901.Sl   $     21,875.04   $     27,130.10   $   69,906.65
$  126,249.66 $  132,129.92  $  163,871.64 $  422,251.22
$     10,594.72   $     11,088.19  $     13,751.92   $    35,434.83
$      9,322.28  $	9,756.49  $     12,100.30  $    31,179.06
$	844.05  $	883.36    $	1,09S.S8  $	2,822.99
$	33.76   $	$	43.83    $	112.92
$       14,632.12    $       15,313.63   $       18,992.44     $      48,938.19
$      10,646.12   $      11,141.99    $      13,818.64    $     35,606.74
$	90.55   $	$	117.53    $	302.8S
$       31,294.42     $       32,752.00    $       40,620.05    $     104,666.47
$	10.52   $	11.01 $	13.65   $	35.18
$       8,382.93  $	8,773.37    $       10,881.01     $      28,037.31
$	247.22    $	2S8.74    $	320.90  $	826.86
$        4,994.22    $	5,226.84 $	6,482.49     $       16,703.55
$      29,143.39    $      30,S00.78   $      37,828.01    $    97,472.18
$	$	10.18   $	12.62  $	32.53
$	s	$	$	
 	T.i.t�IS	'iMO,SOl..59    s	B,142-71	1B	3H.U	901,..I.O!l..lS 	26S.Cll-..5$	21U1Q la	349,70630	IJOLlDCU.l	
	DIRECT ASSESSENTS					
DOUGLAS WESTSIDE LLC	48,514.15		48,514.15 $			
DATE	DATE	Check
RECEIVED	DUE	Num	NET AMOUNT
ASSESSED	NET AMOUNT RECEIVED	GENERAL FUND SERIES 2005	SERIES2007		
10/31/17	11/1/17	5987	24,257.07	24,257.08	24,257.08			
1/22/18	2/1/18	6155	12,128.54	12,128.54	12,128.54			
6£21£18	51!,!18	640	12,128.54	12,128.54	12,128.54			
	48,514.15	48,514.16	48..514.16			

HOVHANIAN MAGNOLIA AT WESTSIDE LLC	
14,330.83		
14,330.83			

DATE
RECEIVED	DATE DUE	Check	NET AMOUNT	NET AMDUNT  GENERAL FUND    SERIES2005	SERIES 2007
     ASSESSED	RECEIVED		
1/10/18	11/1/17	602177	7,165.41	7,165.41	7,165.41 $	
1/27/18	2/1/18	609858	3,582.71	3,582.71	3,582.71 $	
3/12£18	 Sl1£18	624124		3 582.71	3 582.71	3,582.71    $
Total	14,330.83	14,.330.83	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	11,027.39	11,027.39	11,027.39
4/30/18	2/1/18	8711278	5,513.70	5,513.70	5,513.70

51157.78

 	5/14/18	S11£18	8711529	5,513.70	51513.70	5,513.70 s	
Total			22,054.79	22,054.79	22,054.79 $		
GOLDEN CAY llC			91,611.84	18,340.72	52,640.00	20,631.12	
DATE RECEIVED	DATE
DUE	Ch11ck
Num	  	NO AMOUNT	NO AMOUNT GENERAl FUND SERIES 100S
ASSESSED	RECEIVED		SERIES 2007	
12/4/17	11/1/17	94	45,805.92	45,805.92	9,170.36	26,320.00	10,315.56	
2/26/18	2/1/18	10S6	22,902.96	22,902.96	4,585.18	13,160.00	5,157.78	
5/24/18	 	S/1/18	1068		22,902.96	22,902.96	4,585.18	13 160.00		
Total		91.611.84	91,611.84	18.340.72	52 640.00	20 631.12	

GREEN GATE LAGOON LLC

DATE RECEIVED	
DATE DUE	

Check
Num	185,092.20

NET AMOUNT ASSESSED	34,906.52 $ 110,920.00
NET AMOUNT GENERAL FUND SERIES 2005 RECEIVED	 		39,265.68

SERIES 2007	
3/13/18	11/1/17	Wire	92,546.10	92,546.10	17,453.26	55,460.00	19,632.84	
3/13/18	2/1/18	Wire	46,273.05	46,273.05	8,726.63	27,730.00	9,816.42	
 	9/7/18	5/1£18	Wire	46 273.0S	47.661.24	10. 114.82	27i730.00	9 816.42 
ToHI	1as1091.20	1861480.39	36,294.71	110,920.00	39,265.68

10 

s

s

13,124.79 $ 13,124.79 s

$

s

18,971.47 $ 18,971.47 $

84,012.31 $ 84,012.31 $

s
$

119,658.38 $ 119,658.38 $

s

$

$

43,485.25 s

43,485.25 $

WESTSIDE
COMMUNITY DEVELOPMENT DISTRICT

SPECIAL ASSESSMENT RECEIPTS · FY201B

LANO ACQUISITION ONE L1C	43,485.25	43,485.15
DATE	DATE	Check	NET AMOUNT         NETAMOUNT   GENERAL FUND       SERIES 2005	SERIES 2007
RECEMO	 DUE	Num	ASSESSED	RECEIVED      		  
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	$	

WESlSIOE COOHOLDINGS, INC.	119,658.38	$   119,658.38 $

DATE
RECENED	DATE
DUE	Check
Num	N£TAMOUNT        NET AMOUNT   GENERAL FUND    SfRIES 2005	SERIES 2007
ASSESSED	RECEIVED	
12/S/17	11/1/17	108350204	59,829,19	59,829.18	59,829.18		
12/S/17	2/1/18	108350205	29,914.60	29,914.60	29,914.60		
l'Jj_5[17	S/1/18	108350205	29,914.60	      29,914.60	29,914.60 		
Total			119,658.38	119,658.38	119,658.38		

WESTSIDE CDO HOLDINGS, INC,	84,012.31	84,012.31  $

DATE
RECEIVED	DATE
DUE	Check
Num	NET AMOUNT	NET AMOUNT   GENERAL FUND   SERIES 2005	SERIES 2007
ASSESSED	RECEIVED	  	
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	S£!L18	108350207	21,003.08	21,003.08	21,003.08	
Total			84,012.31	84,012.31	84012.31	

MATTAMYORLANDO UC	18,971.47	18,971A7   $

DATE
RECEIVED	DATE DUE	Check Num	NET AMOUNT ASSESSED	NET AMOUNT GENERAL FUND SERIES 2005
    RECEIVED		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[2/18	5£1/18	4680	4,742.87	41742.87	4,742.87   	
Tctal			18.971.47	18 971A7	18 971A7	

LAND ACQ.UISmON ONE LLC	13,124.79	13,124.79     $

DATE
RECEIVED	DAU
DUE	Check	NET AMOUNT	NET AMOUNT    GENERAL FUND  SERIES 2005	SERIES 2007
Num	 	ASSESSED	RECEIVED	
12/14/17	11/1/17	1014	6,562.39	6,562.39	6,562.39	
12/14/17	2/1/18	1014	3,281.20	3,281.20	3,281.20	
ll/14[17	5/1/18	1014	3,281.20               3,281.20	3,281.20 

20,631.12
39,265.68

18,340.72 s 52,640.00 $

36,294.71 $ 110,920.00 s

s

s

14,330.83   $
22,054.79   $

14,330.83 s

22,054.79    s
91,611.84   $
186,480.39   $

s
$
$
$

KB HOMES ORLANDO GOLDEN CAY LLC
GREEN GATE LAGOON LLC LANO ACQUISITION ONE LLC WESTSIDE COO HOLDINGS, INC. WESTSIDE COD HOLDINGS, INC. MATTAMY ORlANDO UC
LAND ACQU ISITION ONE LLC

s

48,514.16 s

HOVHANIAN MAGNOLIA AT WESTSIDE LLC $

48,514.16 $

$

DOUGLAS WESTSIDE UC

901,100.13 $ 269,421.55 s 281,970.28 s 349,708.30

s

884,072.43 $ 264,330.43 $ 276,642.00 $ 343,100.00

$

TAX ROLL ASSESSED AMOUNT DIRECT BILLED AMOUNT TOTAL

TOlal	13,124.79	13 124.79	13 124.79

SUMMARY

TOTAL

GENERAL FUND    SERIESZ005	SERIES 2007

  $	640 856.01         $417,399.21        $163,560.00        $59 896.80
$        1,524,928.44      $     681,729.64     $    440,202.00      $  402,996.80

TAX ROLL ASSESSMENTS COLLECTED

DIRECT Bill ASSESSMENTS COLLECTED

$

642,244.20 $ 418,787.41 $ 163,560.00 $ 59,896.80

VARIANCE

$

(18,415.891 $ 16,479.311 $ 15328.281 $ 16,608.30

11 

SECTION 3

Westside CDD FY 2019
Direct Bill Status

18·25·27·3160-000A-0080		Nov	$59,829.19	$0.00	$59,829.19	
(Former Fairwinds)	2005	Feb	$29,914.60	$0.00	$29,914.60	

District	Landownder	Total O & M Westside	Westside COD Holdings		$1 19,658

Total Debt

Total Due
$0	$119,658

O&M	Debt	Total	Paid

2007

18·25·27·3160-000B-0040			Nov	$42,006.16	$0.00	$42,006.16	
	2005	$415,856	Feb	$21,003.08	$0.00	$21,003.08	
	2007	$135,432	May	$21,003.08	$0.00	$21,003.08	

DR Horton	$84,012

$0	$84,012

May Total

$29,914.60	$0.00	$29,914.60
$119,658.38	$0.00	$119,658.38
O&M	Debt	Total	Paid

Golden Cay LLC	$18,341
07-25-27-5461 -0001-00O0
2005
2007

BR Grand at Westside	$48,514

$73,271

$52,640
$20,631

$0

$91,612

$48,514

Total

Nov Feb May Total

$84,012.31	$0.00	$84, 012.31

O&M 

Debt	Total	Paid
$9,170.36	$36,635.56	$45,805.92
$4, 585.18	$18,317.78	$22,902.96
$4,585.18	$18,317.78	$22,902.96
$18,340.72	$73,271.12	$91,611.84
O&M	Debt	Total	Paid

06-25-27-5474-0001-0030		Nov	$24,257.08	$0.00	$24,257.08 Paid 10/29/18	
	2005	Feb	$12,128.54	$0.00	$12,128.54	
2007	$0	May	$12,128.54	$0.00	$12,128.54	
Total	$48,514.15	$0.00		$48,514.15 	

Land One Acquisition	$43,485	$0	Nov	$21,742.63	$21,742.63	
182527316000080110			Feb	$10,871.31	$10,871.31	

O&M	Debt	Total	Paid

Matta my	$18,971
18-25-27-4941-0001-FD!O

2005
2007

$0

$18,971

May Total

2005	$0.00	Feb	$4,742.87	$4,742.87	
2007	$0.00	May	$4,742.87	$4,742.87	

Nov

$10,871.31	$10,871.31
$43,485.25	$43,485.25

O&M 

Debt	Total	Paid
$9,485.74	$9,485.74 Paid 10/17/18

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

$0	$13,125

Total

2005	$0.00	Feb	$3,281.20	$3,281.20	
2007	$0.00	May	$3,261.20	$3,281.20	

Nov

$18,971.47	$18,971.47

O&M 

Debt	Total	Paid
$6,562.40	$6,562.40

eoanerge		
$8,726.63	
$37,546.42	$92,546.10
$46,273.05	
2005 Debt	$110,920	May	$8,726.63	$37,546.42	$46,273.05	
2007 Debt	$39,266				$185,092.20	

Tota.I	$13,124.79	$13,124.79

07-25-27-5461-0001-0015	O&M 

Feb

Nov

O&M 

Debt
$17,453.26

Total	Paid
$75,092.84