Westside Community Development District

Agenda October 2, 2019

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Westside
Community Development District

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

September 25, 2019

Board of Supervisors Westside Community Development District

Dear Board Members:

The Board of Supervisors of Westside Community Development District will meet Wednesday, October 2, 2019 at 11:00 AM at the Offices of Hanson, Walter & Associates, 8 Broadway Avenue, Suite 104, Kissimmee, FL 34741. Following is the advance agenda for the meeting:

Roll Call
Public Comment Period
Organizational Matters
Acceptance of Resignation of Steven Rivera and Appointment of Individual to Fulfill the Board Vacancy with a Term Ending November 2020
Appointment of Individuals to Fulfill Seats #3 & #5
Administration of Oaths of Office to Newly Appointed Board Members
Election of Officers
Consideration of Resolution 2020-01 Electing Officers
Approval of Minutes of the September 11, 2019 Meeting
Consideration of Resolution 2020-02 Finalizing the Special Assessments and Securing the Series 2019 Bonds - Series 2005 & 2007 Refunding
Public Hearing
Consideration of Engineer's Report
Consideration of Master Assessment Methodology for Parcel K
Public Comment and Testimony
Consideration of Resolution 2020-03 Levying Assessments
Consideration of Resolution 2020-04 Bond Delegation Resolution - Parcel K
Consideration of Agreement with Berger, Toombs, Elam, Gaines and Frank to Provide Auditing Services for the Fiscal Year 2019
Consideration of Resolution 2020-05 Ratifying the Conveyance of Property
Staff Reports
Attorney
Engineer
District Manager's Report
Approval of Check Register
Balance Sheet and Income Statement
Discussion of Direct Bill Status
Supervisor's Requests
Other Business
Adjournment

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

The third order of business is the Organizational Matters. Section A is the acceptance of resignation of Steven Rivera and appointment of an  individual to fulfill the Board vacancy with a term ending November 2020. A copy of the letter is enclosed for your review. Section Bis the appointment of individuals to fulfill Seats #3 & #5 and Section C is the administration of the Oath of Office to the newly appointed Board Members. There is no back-up material. Section D is the election of officers and Section E is the consideration of Resolution 2020-01 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 September 11, 2019 meeting. The minutes are enclosed for your review.

The fifth order of business is the consideration of Resolution 2020-02 finalizing the special assessments and securing the Series 2019 bonds related to the Series 2005 & 2007 refunding. A copy of the Resolution will be provided under separate cover.

The sixth order of business opens the public hearing. Section A is the consideration of the Engineer's Report and Section B is the consideration of the Master Assessment Methodology for Parcel K. Copies of both reports are enclosed for you review. Section C is the public comment and testimony and Section D is the consideration of Resolution 2020-03 levying assessments. A copy of the Resolution will be provided under separate cover.

The seventh order of business is the consideration of Resolution 2020-04 bond delegation resolution for Parcel K. A copy of the Resolution is enclosed for your review.

The eighth order of business is the consideration of agreement with Berger, Toombs, Elam, Gaines and Frank to provide auditing services for the Fiscal Year 2019. A copy of the agreement is enclosed for your review.

The ninth order of business is the consideration of Resolution 2020-05 ratifying the conveyance of property. A copy of the Resolution will be provided under separate cover.

The tenth 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 your review. Section 3 is the discussion of the direct bill status. A copy of the summary is enclosed for your review.

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

Sincerely,

George S. Flint District Manager

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

Enclosures

S ECTION Il l

S ECTION A

From: George Flint gflint@gmscfl.com Subject: Fwd: Westside CDD - Resignation Date: September 23, 2019 at 5:07 PM
To: Stacie Vanderbilt svanderbilt@gmscfl.com

Begin forwarded message:

From: Steven Rivera <Steven. Ri vera@matt amy corg.com>
Subject: Westside COD - Resignation
Date: September 23, 2019 at 4:23:55 PM EDT
To: George Flint <gflint@gmscfl.com>

Please accept this email as my resignation from the Board of Supervisors of the Westside COD effective 9/23/2019.
Thank you, Steven Rivera
George S. Flint Vice-President
Governmental Management Services - Central Florida, LLC
135 West Central BLVD, Suite 320
Orlando, Florida 32801
Tel: (407) 841-5524
Cell: {407) 242-0501
Fax: (407) 839-1526
email: gflint@gmscfl.com

S ECTION E

RESOLUTION 2020-01

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 October 2, 2019 desires to elect the below recited persons to the offices specified.

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

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 2nd  DAY OF OCTOBER, 2019.

Chairman / Vice Chairman

Secretary / Assistant Secretary

M INUTES

MINUTES OF MEETING WESTSIDE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Westside Community Development District was held Wednesday, September 11, 2019 at 11:00 a.m. at the offices of Hanson Walter & Associates, 8 Broadway Avenue, Suite 104, Kissimmee, Florida.

Present and constituting a quorum were:

Bennett Ruedas Scott Stewart Steven Rivera

Also present were:

Jason Showe Andrew d' Adesky Mark Vincutonis William Viasalyers Justin Rowan
Mike Williams

FIRST ORDER OF BUSINESS

Chairman Assistant Secretary Assistant Secretary

District Manager District Counsel District Engineer Field Manager
MBS Capital Markets Bond Counsel by phone

Roll Call

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

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

THIRD ORDER OF BUSINESS	Organizational Matters
Appointment of Individuals to Fill Seats 3 & 5
Administration of Oaths of Office to Newly Appointed Board members
Consideration of Resolution 2019-28 Electing Officers
This item continued.

FOURTH ORDER OF BUSINESS	Approval of the Minutes of the August 13,
2019 Meeting

Mr. Stewart moved to approve the minutes and Mr. Rivera  seconded the motion.

Mr. Ruedas stated I have asked this before, but I would like to get the minutes much sooner than we do so that items can be followed up by staff or Board members and by the time we get the minutes we are looking at the next meeting.
Mr. Showe stated we will make every effort to get them out as quick as we can. In other districts we have sent them out in "word" so if you want to make changes you can redline them and send them back.
I On voice vote with all in favor the motion passed.	
Mr. Williams joined the meeting by telephone at this time.

FIFTH  ORDER OF BUSINESS	Consideration of Resolution 2019-27 Bond
Delegation Resolution, Series 2005 and Series 2007 Refunding
Mr. Showe stated the next item is consideration of Resolution 2019-27 the bond delegation resolution.
Mr. Williams stated we have a refunding bond issue closing at the end of this month to refund the 2005-1 and 2007-1 Bonds. The resolution before you, 2019-27 approves the form of sixth supplemental trust indenture, which is the contract between the District and  the bondholders to which the trustee is a party. The blanks in that document  will  be filled in once the bonds are priced by MBS. It approves the form of the bond purchase contract, which is the document between the District and MBS that the chairman or vice chairman will be asked to execute once the bonds are priced and the parameters that MBS must meet are set forth in section
5 on page 3 of the resolution. It approves the form of the preliminary limited offering memorandum that MBS will use to market the bonds. It approves the form of the continuing disclosure agreement, which requires the District to provide ongoing disclosure to the municipal marketplace, their annual financial statements and other information. It approves the escrow deposit agreement. We can't retire the 2005-1 and 2007-1 bonds until November 1 so we will be closing roughly 30 days before that date so we have an escrow deposit agreement, which U.S. Bank will  hold the funds  to pay  off those  bonds on November  1  for that  approximate  30-day

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period. It authorizes the folks in the room and our law firm to take all action necessary to close the bond issue.
Mr. d' Adesky stated for the record I think there was a mix up in the agenda package. The one that was most recently circulated I think they switched the delegation resolution for Windsor and the delegation resolution for this. Substantially the form is the same, however, to be clear what we are approving right now if the refunding bonds not the Windsor Parcel K Bonds.
Mr. Williams stated if folks need me to send Resolution 2019-27 I can. I will send it to you right now.
Mr. d' Adesky stated I will have Justin go through the terms. Can you go over the amounts?
Mr. Williams stated the parameters in section 5, which again the Chairman or Vice Chairman are authorized to sign the bond purchase contract once Justin's firm has priced the bonds provide that the principal amount of the 2019 refunding bonds does not exceed the principal amount of the refunded bonds, the interest rate of the 2019 bonds will not exceed the maximum rate allowed by Florida Law, the underwriter's discount will not exceed 1 ½% of the principal amount of the 2019 bonds. The 2019 bonds shall be subject to optional redemption no later than May 1, 2029 at a redemption price of 100% of the principal amount to be redeemed plus accrued interest to the redemption date and the final maturity date of the 2019 bonds shall be no later than May 1, 2038, which is the current bond maturity of the 2007-1 bonds.
Mr. Rowan stated with the approval of this resolution that gives us the authority to go out and start marketing the bonds. We anticipate a week to market the bonds to potential investors and next Thursday is our targeted pricing date and that is when we would have the interest rates and principal amount of the new refunding bonds. We would circulate numbers at that time and then after that is complete we allow another week or so to get staff to complete all the closing documents to incorporate the final pricing and terms.
Mr. Stewart stated it seems backwards to me that you are approving something and we are waiting to hear what the numbers are.
Mr. Rowan stated what you are approving is not to exceed parameters. This gives us the flexibility to go out into the market and price the bonds as long as they are under a specific par amount, as long as they don't exceed the existing maturity, as long as they don't exceed a certain interest rate.

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Mr. Stewart stated I understand that but do we have any clue as to what they are?
Mr. Rowan stated I think I provided our best case estimate for pricing terms at the last meeting or the meeting before. I can try to pull that up.
Mr. Williams stated the only changes in the version I just emailed is the resolution number has been filled in and the effective date.
Mr. Showe stated the mix-up was that the version in the agenda package was correct but the one sent last night by email was the Parcel K one.
Mr. Rowan stated the existing interest rates on the 2005-1 bonds is 5.65% and on the 2007-1 bonds is 7.2% and we are currently hoping to price at 3.74% and 4%.
Mr. Williams asked have we a proposed preclosing date?
Mr. Rowan stated we are setting a closing date of the 30th, which is that Monday. Do we want to continue this meeting to do a bringdown resolution in two weeks right before the preclosing?
Mr. d' Adesky stated we can do that at the meeting immediately following, which is set for October 2nd• I think we will be fine.
Mr. Rowan asked can we continue to the 26th? We don't have to, but I always like to continue in case something comes up and we can always cancel it.
Mr. d' Adesky stated that is fine.
It was the consensus of the Board to continue the meeting to September 25, 2019 at 11:00
and it can be canceled if there is no need to meet; pre-close at the OMS office downtown and will just need the chairman to sign documents.

On MOTION by Mr. Stewart seconded by Mr. Ruedas with all in favor Resolution 2019-27 was approved.

SIXTH ORDER OF BUSINESS	Ratification of Series 2018 Requisition no. 2
and Series 2019 Requisitions 2 & 3
Mr. Ruedas asked what was the 2018 bonds for and what do we have left?
Mr. Showe stated that is the Solara project and the balance should be on the financials. Mr. Ruedas stated for the 2019 requisitions that was mostly for soft costs.

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Mr. d'Adesky stated yes. You have $2,634 in your 2018 construction fund, $456.828 in the 2019 construction fund. The requisition pretty much draws it down. Mark, would  you  be able to certify that project as complete relatively soon?
Mr. Vincutonis stated yes.
Mr. d' Adesky stated after we have drawn the construction fund down to zero and we received all the improvements, everything has been conveyed to the District we have to certify it as complete; it is an official process. That is good because it gets them off the hook for their obligations and certifies that we have received everything. That will probably come  up at the next meeting or two.
Mr. Ruedas asked complete in terms of what infrastructure.
Mr. d' Adesky stated the infrastructure associated with that project or issuance that is going to Westside CDD. If we have received all the stormwater ponds and landscaping  tracts then we are complete.
Mr. Ruedas stated I believe property has been conveyed, we need to ensure that permits have been conveyed as well. Ongoing O&M related to the maintenance of the wetland and stuff like that needs to come over to the Westside CDD.
Mr. d' Adesky stated if it is just permits that is fine if we have received the infrastructure and the infrastructure itself is complete and the fund is drawn down, we can certify it complete. The permits I'm fine ifwe are holding up on that.
Mr. Ruedas stated related to the 2019 requisition, Mark can you get with Robbie because  I believe requisitions 2 and 3 for the 2019 are related to soft costs, there are still hard costs that need to be captured.
Mr. Showe stated there is $456,000 for 2019.
Mr. Stewart asked what is the amount payable for?
Mr. Showe stated it is the coordination of the construction accounting that we have to do to keep the fund in compliance. Typically, we charge $3,500 a year for that as part of our agreement but because those funds aren't available in the 2018, we have just taken what is left.
Mr. Stewart stated you have a lot more money to spend you probably have infrastructure.
Mr. Ruedas stated yes, infrastructure is nearly all the way in, in terms of the civil side of things. What is not yet in are walls, landscaping and all that, which may be what is remaining here. Mattamy won't get the certificate of completion until those hardscape and landscape

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elements are completed, but we are running up against our own deadlines for their closings. While we don't have a certificate of completion I believe there may still be some money  to be had there.
Mr. Stewart stated 2019 requisitions 2 and 3 are coming out of this $456,000.
Mr. Showe stated yes.

On MOTION by Mr. Stewart seconded by Mr. Ruedas with all in favor requisition no. 2 from the series 2018 bonds and requisitions 2 and 3 from the series 2019 bonds were ratified.

SEVENTH ORDER OF BUSINESS
Attorney

Staff Reports

Mr. d' Adesky stated the project I will work on certifying that complete and we will bring that back to the next meeting or the meeting after. We have two issues going on now; we discussed the refunding for the Parcel K tract, we are looking at the public hearing  in October and going through delegation resolution at that meeting. They will probably have a draw pretty quickly. I'm still waiting on some documents from them. They need to update their engineer's report and hopefully, they will do that.
Bennet, one of the duties of the chairman is that you have to sign off on all our offering documents. I sent on to you this morning for funding, which you have to review. I  have  reviewed it for legal sufficiency but you are the delegated person so you have to sign off.  Even an email saying I'm signed off is good enough.
Mr. Rowan stated we have a certificate for him to sign too.
Mr. d' Adesky stated as part of our due diligence we have him sign off on it before we give our official sign-off. The sections we are looking at are the ones labeled, the District, and relating to the District, not the whole thing.
Mr. Showe stated typically by the time it gets to you it has been reviewed by a hundred
eyes.

Engineer
There being none, the next item followed.

Manager

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Approval of Check Register
Mr. Showe presented the check register from July 31, 2019 through August 27, 2019 in the amount of$21,680.53.

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

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

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

EIGHTH ORDER OF BUSINESS	Supervisor's Requests
Mr. Ruedas stated a quick report related to Westside Boulevard reuse pressure issues. Mattamy has been meeting with the new executive director at Toho as recently as the end of last month. They are still working on trying to resolve issues, they have to go through their own Board and their Board meets tonight to move forward with a consultant on studying their system. They need to assess the situation before they can figure out the solution. We believe there is a capital program that is two to three years out, however, the need for pressure is immediate.
We had talked in several meetings about Westside Boulevard lighting with Duke Energy.
Do we have a status of what is going on with that?
Mr. Viasalyers stated the last I remember we were trying to sign off on Pulte doing a cost share agreement. I will follow•up with George about that.
Mr. Ruedas stated Mattamy is working with Duke trying to get the east side of Westside Boulevard in front of the Solara property lit; the west side is already lit. The nuance there is that the west side was put in a year or so ago, HPS, not LED. They are coming with a proposal for LED, which is correct but what do you do with the west side of Westside Boulevard at this  point? Do you know what type of lighting is on the balance of Westside Boulevard?
Mr. Viasalyers stated it is all HPS.
Mr. Ruedas stated then we may continue to push for HPS for Mattamy in front of Phase
I just wanted to re•understand what our conversation was with Duke about the gap lighting we were trying to get done with them whether it was HPS or LED.

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Mr. Viasalyers stated it is all HPS. LED would not match the rest of the Boulevard.
Mr. Ruedas stated I thought we had a discussion about cost sharing the landscaping with somebody in medians.
Mr. Viasalyers stated that was the median between North Goodman and Monaco and Sandmine. The issue is the pressure; we are afraid to do any replacement without adequate water and have all that turf burn up. Once we go into the cooler season we can revisit that and get it done.
Mr. Ruedas stated Mattamy is working with Yellowstone out there and we are having pressure leaks done continuously throughout to see what is going on, on our end and what  we can see as pressure drops so we can talk a little more analytically.
Mr. Viasalyers asked is a jockey pump an option they brought up?
Mr. Ruedas stated at this point all options are on the table. Solara has an agreement with Toho that Solara would have reuse. Where is it? Mattamy is reluctant to change out or replace dead landscaping because the reuse solution isn't there yet. It sounds like that landscaping  issue is open pending resolution of the pressure issue. Are there any other open tasks that are out there like that, that we are trying to cost share or do anything with?
Mr. Viasalyers stated just that one.
Mr. Ruedas stated as mentioned earlier I would like to get the minutes sooner.
Mr. Showe stated we will figure out something.

NINTH ORDER OF BUSINESS
There being none,

Other Business

On MOTION by Mr. Stewart seconded by Mr. Ruedas with all in favor the meeting was continued to September 25, 2019 at 11:00
a.m. at the offices of Hanson, Walter & Associates.

Secretary/Assistant Secretary	Chairman/Vice Chairman

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S	ECTION V

This item will be provided under separat e cov er

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S ECt lON VI

S ECTION A

WINDSOR	PARCEL K
COMMUNITY DEVELOPMENT DISTRICT

MASTER ENGINEER'S REPORT
INFRASTRUCTURE IMPROVEMENTS

PREPARED FOR

WestsideCommunity Development District Board of Supervisors
c/o Governmental Management Services- Central Florida, LLC 135 W. Central Blvd., Suite 320
Orlando, FL 32801

PREPARED BY

□ S	C E	□ L A
ENGINEERING
INCORPCIRATE

1003F"LORIDA  AVENUE,  ST,    CLOUD,  F"L    34769
407,B9 1.0452
CERTIF'ICATE CF' AUTHORIZATION No. 26265

June 2019

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ENGINEERING
I  N   □ □ R  P   □ R  A  T  E D

WESTSIDE CDD ENGINEER'S REPORT TABLE OF CONTENTS

Narrative
I.

11.
111.
IV.
V.

I.
11.
111.
IV.

Introduction 	.2 a .  Location and General Description 	.2 b .  District Purpose and Scope 	.2
c. Description  of Land Use 	.2
Status of Permitting 	3 Infrastructure Benefit 	4 Infrastructure Improvements 	5 Description of the Infrastructure and Construction Schedule 	6
Storm Water Management Systems (Phases 1, 2 & 3) 	6
Potable Water Distribution Systems (Phases 1, 2 & 3) 	6
Sanitary Sewer Collection & Conveyance Systems (Phases 1, 2 & 3) _6
Reclaimed Water Distribution Systems (Phases 1, 2 & 3) 	7 Ownership and Maintenance 	9 Real Property lnterests 	9
Estimate of Capital Improvement Costs 	9 Conclusions and Summary Opinion 	10

Appendix
Exhibit 1 - Location Map
11.	Exhibit 2 - District Legal Description
111.	Exhibit 3 - PD Concept Plan
Exhibit 4- Development Permit Status
Exhibit 5 - Stormwater Management Exhibit
Exhibit 6 - Water Distribution Exhibit VI I.	Exhibit 7 - Sanitary Sewer Exhibit
Exhibit 8 - Reclaim Distribution Exhibit
Exhibit 9 - Master Project Cost S1,1mmary

Broe L. Althafer, P.E.	Date Florida Engineer License No. 72321 Osceola Engineering, Inc. No. 26265

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□S	C E □ L A
ENGINEERING
I N   □    D   R   P   D   R   A  T   E D

WINDSOR PARCEL K CDD MASTER ENGINEER'S REPORT

Introduction

Location and General Description. Windsor Parcel K is a residential land development project (the "Development") located in western Osceola County, Florida. The Development contains approximately 45.19 acres and is wholly contained within the limits of the Westside Community Development District (the "District"). The Development is located south and west of Goodman Road, and east of Westside Boulevard, all within Section 6, Township 26 South, Range 31 East. The location of the Development is graphically shown on Exhibit 1-LocationMap and the Development Boundaries are shown by phase on Exhibit 2- District Legal Description, both located within the Appendix of this report.

In accordance with the Osceola County Comprehensive Plan, the Development is located within an area assigned future land use of Tourist Commercial (TC) and Commercial Tourism (CT) zoning.

District Purpose and Scope. The District has been established for the purpose of financing, acquiring or constructing, maintaining, and/or operating infrastructure necessary to support the development. The purpose of this report is to provide a description of the public infrastructure improvements to be financed, constructed, and/or acquired by the District. Pulte Home Corporation, the primary developer of the Development (the "Developer") has commenced construction in the Development, including improvements within the boundary of Phase 1, and construction will continue to be on-going. The Developer will construct the balance of the infrastructure needed for the Development that is not financed by the District.

The Westside Community Development District was established pursuant to Osceola County Ordinance No. 04-34 enacted by the Board of County Commissioners on August 30, 2004.

Description of Land Use. The lands within the Development encompass approximately 45.19 acres. The Development is planned as a 191 unit residential community consisting of detached single family units and attached townhome units to be developed in three (3) phases. The table below illustrates the current land use plan.

Proposed Land Use	ApproximateArea		

	_ (Acres)		
40' wide lots	 		 		77	
50' wide lots		14	
TH lots		100	
Recreation Center	0.34		
Buffers, Parks, & Open Space	15.54		
Water Management Ponds	11.77		
Total	45.19	191	

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INCORPORATED

The Concept Plan included as Exhibit 3 in the Appendix provides a pictorial illustration of the above proposed land uses.

Status of Permitting

The current plan of development is expected to include 191 single family detached units on 40' and 50' wide lots, townhome lots, recreational uses, private roadways, storm water management areas, and open spaces.

The local government regulations governing the Development include: the Osceola County Comprehensive Plan; the Osceola County Land Development Code; and the Toho Water Authority.

State and Federal Agencies administering permit authority include: South Florida Water Management District; Florida Department of Environmental Protection and the United States Army Corps of Engineers. The Florida Department of State Division of Historical Resources also has public comment input required for the SFWMD permit.

The following permits are required for the Development:

South Florida Water Management District (SFWMD): Environmental Resource General Construction Permit General Water Use Permit for Construction Dewatering

Osceola County Growth Management Division Preliminary Subdivision Plan Approval Final Subdivision Plan Approval
Site Development Plan (Subdivision Construction Plan) Approval

Toho Water Authority
Construction Plan Approval of Utilities

State of Florida Department of Environmental Protection (FDEP) Potable Water Supply Distribution System Permit
Domestic Wastewater/Transmission System Permit National Pollutant Discharge Elimination System N.O.1.

Florida Department of State Division of Historical Resources: Archeological Assessment Sufficiency Approval

As provided herein, this Development is proposed to be developed in three Phases. Phase 1 will consist of 40 Townhome units, roadway infrastructure, water, sewer and re­ use utilities, one water management pond (existing), and open spaces on the southerly portion of the Development boundary. This area has received all necessary permits and is currently under construction.

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Phase 2 will consist of 60 Townhome units, 28 single family detached units, roadway infrastructure, water, sewer and re-use utilities, and open spaces on the central portion of the Development boundary.

Phase 3 will consist of the remaining 63 single family detached units, roadway infrastructure, water, sewer and re-use utilities, and open spaces on the northern portion of the Development boundary.

Please see Exhibit 4 in the Appendix for a detailed description of the permit status. It is our opinion the necessary permits for the construction of all phases of the Development have been obtained and there are no technical reasons existing at this time which would prohibit the implementation of the plans for the Development as presented herein. Furthermore, all permits not yet issued and which are necessary to affect the improvements described herein will be obtained during the ordinary course of constructing the Development.

Ill. Infrastructure Benefit

The project-wide public benefits are provided by public infrastructure improvements that serve all residents in the District. These public infrastructure improvements include: master storm water management systems; potable water distribution systems; reclaimed water distribution systems; sanitary sewer collection systems designed to serve the entire District.

The proposed public infrastructure improvements identified in this Report are intended to provide specific benefit to the assessable real property within the boundaries of the District. As the property is currently unused, the construction and maintenance of the proposed infrastructure improvements are necessary and will benefit the property for the intended use as a residential subdivision. As noted, the District can construct, acquire, own, and/or operate all or a portion of the proposed public infrastructure discussed herein. As noted earlier, it's anticipated the Developer will construct the master project infrastructure (hereinafter defined) not financed or acquired by the District.

Development Infrastructure Improvements

This Report identifies the public infrastructure presently anticipated to be financed, designed, constructed and/or acquired by the District for the benefit of the developable lands within the Development. The Development infrastructure elements include: the cost of storm water management and drainage systems, potable water distribution systems, reuse water distribution systems, and sewer collection systems.

The proposed Master Project improvements to serve the Development's needs are listed in the following categories:

Storm Water Management System (Phases 1, 2 & 3)
Potable Water Distribution Systems (Phases 1, 2 & 3)
Reclaimed Water Distribution Systems (Phases 1, 2 & 3)
Sanitary Sewer Systems (Phases 1, 2 & 3)

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Detailed descriptions of the above proposed Master Project improvements are provided in the following section. Exhibit 9 in the Appendix shows an estimated cost for the proposed Master Project improvements.

Description of the Infrastructure and Construction Schedule

Storm Water Management Systems (Phases 1, 2 & 3). The storm water management facilities consist of inlets, manholes, storm pipes and drainage swales, which direct storm water runoff to the existing onsite wet detention pond located within the development. The wet detention pond has been designed to manage the storm water runoff generated by the Development. The storm water management system will be owned, operated and maintained by the District.

See Exhibit 5 in the Appendix for a graphical representation of the Storm Water Management Facilities.

Potable Water Distribution Systems (Phases 1, 2 & 3) Potable water for the Development will be provided by the Toho Water Authority. An existing 10 inch water main on Westside Boulevard, and an existing 12 inch water main located on the north side of Goodman Road will provide domestic and fire flow service to the Development
When completed, the potable water distribution system will be dedicated by the District to the Toho Water Authority for ownership, operation and maintenance. See Exhibit 6 in the Appendix for a graphical representation of the water distribution systems for Phases 1, 2 and 3, respectively.

Sanitary Sewer Collection & Conveyance Systems (Phases 1, 2  &  3)  Sanitary sewer collection and treatment will be provided by the Toho Water Authority. An existing 18 inch sewer main located on the south side of the Development will provide wastewater service.

When completed, the sanitary sewer system, including both lift stations will be dedicated by the District to the Toho Water Authority for ownership, operation and maintenance. See Exhibit 7 in the Appendix for a graphical representation of the sanitary sewer system.

Reclaimed Water Distribution Systems (Phases 1, 2 & 3) Reclaimed water for the Development will be provided by the Toho Water Authority. An existing 6 inch water main located on Westside Boulevard, and an existing 8 inch water  main located on the south side of Goodman Road will provide reclaimed irrigation service to the Development.
When completed, the reclaimed water distribution system will be dedicated by the District to the Toho Water Authority for ownership, operation and maintenance. See Exhibit 8 in the Appendix for a graphical representation of the water distribution systems for Phases 1, 2 and 3, respectively.

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I  N  C  □ R P  □ R  A T E  D

Construction Schedule. As of the date of this report, construction of Phase 1 of the Development is under way. It is estimated the infrastructure for Phase 1 will be completed in approximately 4 months. An estimated schedule follows:

Facility	Construction Schedule	
Storm Water Management System (Phase 1)	04/2018 - 10/2019	
Storm Water Management System (Phase 2)	06/2019 - 12/2019	
Storm Water Management System (Phase 3)	08/2019 - 02/2020	
Potable Water Distribution System (Phase 1)	04/2018 - 10/2019	
Potable Water Distribution System (Phase 2)	06/2019 - 12/2019	
Potable Water Distribution System (Phase 3)	08/2019 - 02/2020	
Sanitary Sewer System (Phase 1)	04/2018 - 10/2019	
Sanitary Sewer System (Phase 2)	06/2019 - 12/2019	
Sanitary Sewer System (Phase 3)	08/2019 - 02/2020	
Reclaimed Water Distribution System (Phase 1)	04/2018 - 10/2019	
Reclaimed Water Distribution System (Phase 2)	06/2019 - 12/2019	
Reclaimed Water Distribution System (Phase 3)	08/2019 - 02/2020	
VI. Ownership and Maintenance		
After the District has financed and acquired and/or	constructed the proposed Master	
Project improvements, the ultimate ownership and maintenance responsibilities of the proposed infrastructure improvements are set forth below.

I Pro posed Infrastructure Improvements

Storm Water Management System Potable Water DJ_s tribution   ystem Sanitary Sewer System
Reclaimed Water Distribution System
Notes:
Westside Community Development District
Toho Water Authority

-	[    O	wnership

CDD(1 l
--=rwA(2l
T WA(2l TWA (2 l

Operatio n & Maintenance
CDD(1 l
TVVA'2l
T WA (2J TWA (2l

Real Property Interests
Real property interests for the lands within the District heeded for construction, operation and maintenance of the District funded facilities will be dedicated by the Developer to the District or other public entity at no cost.
Estimate of Capital Improvement Costs

Facility Description	Construction Cost	
Storm Water Management System (Phase 1)	$ 197,921.30	
Storm Water Management System (Phase 2)	$ 249,538.50	
Storm Water Management System (Phase 3)	$ 83,033.95	
Potable Water Distribution System (Phase 1)	$ 113,510.00	
Potable Water Distribution System (Phase 2)	$ 120,145.00	
Potable Water Distribution System (Phase 3)	$ 82,962.00	
Sanitary Sewer System (Phase 1)	$ 128,080.60	
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	□ S C E □ L A
ENC31NEERINC3
INCORPORATED	

Sanitary Sewer System (Phase 2) Sanitary Sewer System (Phase 3)	
$121,377.00
$  62,472.30	
Reclaimed Water Distribution System {Phase 1)	$	32,343.00	
Reclaimed Water Distribution System (Phase 2)	$ 74,990.00	
Reclaimed Water Distribution System (Phase 3)	$ 46,575.00	
Total (Phases 1, 2 & 3)	$1,312,948.65	
Total Phase 1 Improvements	$ 471,854.90	
Total Phase 2 Improvements	$ 566,050.50	
Total Phase 3 Improvements	$ 275,043.25	
Note: Please refer to Exhibit 9 in Appendix for a detail of the estimated costs above.		
IX. Conclusions and Summary Opinion		

The public infrastructure improvements as detailed herein are necessary for the functional development of the Development. The planning and design of the public infrastructure has been completed in accordance with current governmental regulatory requirements. The public infrastructure will provide the intended function so long as the construction is in substantial compliance with the design and permits. The District intends to fund the acquisition and/or construction of all or portion of the Development improvements included in this report through the issuance of special assessment bonds. The costs provided herein are exclusive of certain legal, administrative, financing, operations, and/or maintenance services necessary to finance, construct, acquire and/or operate the Development improvements. The Engineer recommends that the District should levy and collect an annual "Operating and Maintenance Assessment" to be determined, assessed and levied by the District's Board of Supervisors upon the assessable real property within the District for the purpose of defraying the cost and expenses of maintaining District­ owned improvements. It is my professional opinion that the costs provided herein for the District's proposed Development improvements are fair and reasonable to complete the construction of the proposed public infrastructure improvements described herein and that these Development improvements represent a system of improvements that will benefit and add value to all developed land in the District as more fully detailed in the assessment methodology report to be prepared by Governmental Management Services-Central Florida, LLC. Such added value shall be at least equal to the costs of such public infrastructure improvements. All such proposed Development costs are for accessible public improvements or community facilities as set forth in Chapter 190 of the Florida Statutes.

The estimate of Development construction costs is only an estimate and not a guaranteed maximum price. Where necessary, historical costs and information from other professionals or utility consultants and contractors have been used in the preparation of this report. Consultants and contractors who have contributed in providing the cost data included in this report are reputable entities within the area. It is therefore our opinion that the construction of the proposed public infrastructure improvements can be completed at the costs as stated. It is my view the cost to be paid by the District for the Development infrastructure will not exceed the actual cost. The labor market, future costs of equipment and materials,  increased regulatory  actions and the actual construction  process are  all

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beyond control. Due to this inherent opportunity for fluctuation in cost, the total final cost may be more or less than this estimate.

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APPENDIX

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□ S C E □L A
ENGINEERING
INCCJRPCIRATED

EXHIBIT 1 - LOCATION MAP

Windsor
Parcel K COD

SCALE: 11 ot to sealc

LOCATIO# II/AP

lO I P a g e

District Description
EXHIBIT 2

Windsor Parcel K
Community Development District

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S C E □L A
ENGINEERING
INCORPORATED

EXHIBIT 3 - PD CONCEPT PLAN

12 I P age

S	C E	□ L A
ENGINEERING
I  N   C  □ R  P   □ R  A  T  E C

□S CE □L  A
ENGINEERING
I .N Cl □ R P □ R AT E:

EXHIBIT 4 - DEVELOPMENT PERMIT STATUS

14 I P age

S C E	□ L A
ENGINEERING
INCCJRPCJRATED

EXHIBIT 5 - STORMWATER MANAGEMENT EXHIBIT

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151 P a g e

OSCEOLA
ENGINEERING
I   N   D  □ R  P   □ R  A  T  E D

EXHIBIT 6 - WATER DISTRIBUTION EXHIBIT

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Windsor Townhomes Community Development District

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CollecJion System

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S	C E	□ L A
ENGINEERING
I   N   C  □ R  P   □ R  A  T  E D

EXHIBIT 8 - RECLAIM DISTRIBUTION EXHIBIT

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\

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S C E □L A
ENGINEERING
INCORPORATED

EXHIBIT 9 - MASTER PROJECT COST SUMMARY

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S ECTION 8

 	  

MASTER
ASSESSMENT METHODOLOGY FOR WINDSOR PARCEL K

FOR

WESTSIDE
COMMUNITY DEVELOPMENT DISTRICT

Date: August 13, 2019

Prepared by

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

Table of Contents

Introduction	j
Purpose	3
Background	3
Special Benefits and General Benefits	4
Requirements of a Valid Assessment Methodology	4
Special Benefits Exceed the Costs Allocated	S
Assessment Methodology	5
Overview	5
Allocation of Debt	6
Allocation of Benefrt	6
Lienability Test: Special and Peculiar Benefit to the Property	6
Lienability Test: Reasonable and Fair Apportionment of the Duty to Pay Non-Ad Valorem Assessments	7
3.0 True-Up Mechanism	8
4.0 Assessment Roll.	8
5.0 Appendix	10
Table 1: Development Program	10
Table 2: Capital Improvement Cost Estimates	11
Table 3: Bond Sizing	12
Table 4: Allocation of Improvement Costs	13
Table 5: Allocation of Total Par Debt to Each Product Type	14
Table 6: Par Debt and Annual Assessments	15
Table 7: Preliminary Assessment Roll	16

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 158 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 (the "District") is a local unit of special-purpose government organized and existing under Chapter 190, Florida Statutes, as amended. The District anticipates the issuance at this time of not to exceed $1,940,0QO of tax exempt bonds in one or more series (the "Bonds") for the purpose of financing certain infrastructure improvements ("Capital Improvement Plan") within the District benefitting property owners and more specifically described as Windsor Parcel K in the Engineer's Report dated June 2019, prepared by Osceola Engineering Incorporated, as may be amended and supplemented from time to time (the "Engineer's Report").

Purpose

This Master Assessment Methodology (the "Assessment Report") provides for an assessment methodology that allocates the debt to be incurred by the District to benefiting properties within the District This Assessment Report allocates the debt to properties based on the special benefits received from the Capital Improvement Plan. This Assessment Report will be supplemented with one or more supplemental methodology reports to reflect the actual terms and conditions at the time of the issuance of each series of Bonds issued to finance all or a portion of the Capital Improvement Plan. This Assessment Report is designed to conform to the requirements of Chapters 190 and 170, Florida Statutes as amended, with respect to special assessments and is consistent with our understanding of case law on this subject.

The District intends to impose non ad valorem special assessments on the benefited lands within the District based on this Assessment Report. It is anticipated that all of the proposed special assessments will be collected through the Uniform Method of Collection described in Chapter 197.3632, Florida Statutes, as amended. It is not the intent of this Assessment Report to address any other assessments, if applicable, that may be levied by the District, a homeowner's association, or any other unit of government.

Background

The District currently includes approximately 1,148.9 acres in Osceola County, Florida. The development program for . the District's Windsor Parcel K currently envisions approximately 191 residential units and comprises approximately 45.19 acres. The proposed development program is depicted in Table 1. It is recognized that such land use plan may change, and this Assessment Report will be modified or supplemented accordingly.

The improvements contemplated by the District in the Capital Improvement Plan will provide facilities that benefit certain property within the District Specifically, the District wilJ construct and/ or acquire certain offsite improvements including stormwater management facilities, potable water, sanitary sewer, and reclaimed water. The acquisition and construction costs are summarized in Table 2.

3

The assessment methodology is a four-step process.

The District Engineer must first determine the expected public infrastructure improvements to be provided by the District and the costs to implement the Capital Improvement Plan.
The District Engineer determines the assessable acres that benefit from the District's Capital Improvement Plan.
A calculation is made to determine the funding amounts necessary to acquire and/ or construct the Capital Improvement Plan.
This amount is initially divided equally among the benefited properties on a prorated assessable acreage basis. _Ultimately, as land is platted, this amount will be assigned to each of the benefited properties based on the number of platted units.

Special Benefits and General Benefits

Improvements undertaken by the District create special and peculiar benefits to the property, different in kind and degree than general benefits, for properties within its borders as well as general benefits to the public at large.

However, as discussed within this Assessment Report, these general benefits are incidental in nature and are readily distinguishable from the special and peculiar benefits, which accrue to property within the District The implementation of the Capital Improvement Plan enables properties within the boundaries of the District to be developed. Without the District's Capital Improvement Plan, there would be no infrastructure to support development of land within the District. Without these improvements, development of the property within the District would be prohibited by law.

There is no doubt that the general public and property owners outside of the District will benefit from the provision of the Capital Improvement Plan. However, these benefits will be incidental for the purpose of the Capital Improvement Plan, which is designed solely to meet the needs of  property  within  the District. Properties  outside of the District boundaries do not depend upon the  District's  Capital  Improvement Plan. The property owners within the District are therefore receiving special benefits not received by those outside the District's boundaries.

Requirements of a Valid Assessment Methodology

There are two requirements under Florid lawfora valid special assessment:

The properties must receive a special benefit from the improvements being paid for and constructed.

4

The assessments must be fairly and reasonably allocated to the properties being assessed based on the special benefit such properties receive.

Florida law provides for a wide application of special assessments that meet these two characteristics of special assessments.

Special Benefits Exceed the Costs Allocated

The special benefits provided to the property owners within the District will be greater than the costs associated with providing these benefits. The District Engineer estimates that the District's Capital Improvement Plan that is necessary to support full development of property within the District will cost approximately $1,312,949. MBS as the District's underwriter (the "Underwriter") projects that financing costs required to fund the Capital Improvement Plan, the cost of issuance of the Bonds, the funding of a debt service reserve account and capitalized interest, will be approximately $1,940,000. Without the Capital Improvement Plan, the property within the District would not be able to be developed and occupied by future residents of the community.

Assessment Methodology

Overview

The District anticipates issuing approximately $1,940,000 in Bonds in one or more series to fund the District's entire Capital Improvement Plan, provide for capitalized interest, a debt service reserve account and pay cost of issuance. It is the purpose of this Assessment Report to allocate the $1,940,000 in debt to the properties within the District benefiting from the Capital Improvement Plan. This report will be supplemented to reflect actual bond terms.

Table 1 identifies the land uses as identified by the developer within the District. The District has commissioned an Engineer's Report that includes estimated construction costs for the Capital Improvement Plan needed to support the development, which construction costs are outlined in Table 2. The improvements needed to support the development are described in detail in the Engineer's Report and are estimated to cost $1,312,949. Based on the estimated costs, the size of the bond issue under cUJTent market conditions needed to generate funds to pay for the Capital Improvement Plan and related costs was determined by the Underwriter to total approximately $1;940,000. Table 3 shows the breakdown of the bond sizing.

5

Allocation of Debt

Allocation of debt is a continuous process until the  development  plan for the District is completed. Until the platting process occurs, the Capital Improvement Plan funded by District bonds benefits all acres within the District.

The initial assessments will be levied on an equal basis to all gross acreage within the District. A fair and reasonable methodology allocates the debt incurred by the District proportionately to the properties receiving the special benefits. At this point all of the lands within the District are benefiting from the improvements.

Once platting or the recording of a declaration of condominium of arty portion of the District into individual lots or units ("Assigned Properties") has begun, the assessments will be levied to the Assigned Properties based on the benefits they receive, on a first platted, first assigned basis. The "Unassigned Properties" defined as property that has not been platted or subjected to a declaration of condominium, will continue to be assessed on a per acre basis. Eventually the development plan will be completed and the debt relating to the bonds will be allocated to the platted units within the District, which are the beneficiaries of the Capital Improvement Plan, as depicted in Table 5 and Table 6. If there are changes to development plan, a true up of the assessment will be calculated to determine if a debt reduction or true-up payment from the developer is required. The process is outlined in Section 3.0.

Until all the land within the District has been platted and sold, the assessments on the portion of the land that has not been platted and sold are not fixed and determinable. The reasons for this are (1) until the lands are platted, the number of developable acres within each tract against which the assessments are levied is not determined; (2) the lands are subject to re-plat, which may resul in changes in development density and product type; and (3) until the lands ·are sold it is unclear of the timing of the absorptions. Only after the property has been platted and sold will the developable acreage be determined, the final plat be certain, the developable density known, the product types be confirmed, and the timing of the sales solidified.

The assignment of debt in this Assessment Report sets forth the process by which debt is apportioned. As mentioned herein, this Assessment Report will be supplemented from time to time.

Allocation of Benefit

The Capital Improvement Plan consists of stormwater management facilities, potable water, sanitary sewer, and reclaimed water. and professional fees along with related incidental costs. There are three product types within the planned development. The townhouse home has been set as the base unit and has been assigned one equivalent

6

residential unit ("ERU"). Table 4 shows the allocation of benefit to the particular land uses. It is important to note that the benefit derived from the Capital Investment Plan exceeds the cost that the units will be paying for such benefits.

Lienability Test: Special and Peculiar Benefit to the Property

Construction and/or acquisition by the District of its proposed Capital Improvement Plan will provide several types of systems, facilities and services for its residents. These include stormwat:er management facilities, potable water, sanitary sewer, and reclaimed wat:er. These improvements accrue in differing amounts and are somewhat dependent on the type of land use receiving the special benefits peculiar to those properties, which flow from the logical relationship of the improvements to the properties.

Once these determinations are made, they are reviewed in the light of the special benefits peculiar to the property, which flow to the properties as a result of their logical connection from the improvements in fact actually provided.

For the provision of the Capital Improvement Plan, the special and peculiar benefits are:

the added use of the property,
added enjoyment of the property, and
the probability of increased marketability and value of the property.

These special and peculiar benefits are real and ascertainable, but are not yet capable of being calculated as to value with mathematical certainty. However, each is more valuable than either the cost of, or the actual non-ad valorem special assessment levied for the improvement or the debt as allocated.

Lienability Test: Reasonable and Fair Apportionment of the Duty to Pay
Non-Ad Valorem Assessments

A reasonable estimate of the proportion of special  and  peculiar  benefits  received from the public improvements described in the Engineer's Report is  delineated  in Table 5 (expressed as Allocation of  Par  Debt per  Product Type). This is also shown on Table 7 depicting Allocation of Par Debt per Product Type.

The determination has been made that the duty to pay the non-ad valorem special assessments is fairly and reasonably apportioned because the special and peculiar benefits to the property derived from the acquisition and/or construction of the Capital Improvement Plan have been apportioned to the property within the District according to reasonable estimates of the special and peculiar benefits provided consistent with the land use categories.

7

Accordingly, no acre or parcel of property within the boundaries of the District will have a lien for the payment of any non-ad valorem special assessment more than the determined special benefit peculiar to that property and therefore, the dE:!bt allocation will not be increased more than the debt allocation set forth in  this  Assessment Report.

In accordance with the benefit allocation suggested for the product types in Table 4, a total debt per unit and an annual assessment per unit have been calculated for each product type (Table 6). These amounts represent the preliminary anticipated per unit debt allocation assuming all anticipated units are built and sold as planned, and the entire proposed Capital Improvement Plan is constructed.

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, declaration of condominium or site plan is processed, the District must allocate a portion of its debt to the property according to this Assessment Report outlined herein. In addition, the District must also prevent any buildup of debt on Unassigned  Properties. Otherwise, the land could be fully conveyed and/or platted without a l of the debt being allocated. To preclude this, when platting for 25%, 50%, 75% and 100% of the units planned for platting has occurred within the District, the District will determine the amount of anticipated assessment revenue that remains on the Unassigned Properties, taking into account the full development plan of the District. If the total anticipated assessment revenue to be generated from the Assigned and Unassigned Properties is greater than or equal to the maximum annual debt service then no debt reduction or true-up payment is required. In the case that the revenue generated is less then the required amount then a debt reduction or true-up payment by the landowner in the amount necessary to reduce the par amount of the outstanding bonds plus accrued interest to a level that will be supported by the new net annual debt service assessments will be required.

If a true-up payment is made less than 45 days prior to an interest payment date, the amount of accrued interest will be calculated to the next succeeding interest payment date.

Assessment Roll

The District will initially distribute the liens across the property within the District boundaries on a gross acreage basis. As Assigned Properties becomes known with certainty, the District will refine its allocation of debt from a per acre basis to .a per unit basis as shown in Table 6. H the land use plan changes, then the District will

8

update Table 6 to reflect the changes as part of the foregoing true-up process. As a result, the assessment liens are neither fixed nor are they determinable with certamty on any acre of land in the District prior to the time final Assigned Properties become known. The current assessment roll is attached as Table 7.

9

TABLE 1
WESTSIDE COMMUNITY DEVELOPMENT DISTRICT (WINDSOR PARCEL K) DEVELOPMENT PROGRAM
MASTER ASSESSMENT METHODOLOGY

Land Use	Total Assessible
Units	
ER Us per Unit (1)	
Total ERUs	

Single Family 40'	
77	
1.10	
85	
Single Family 50'	14	1.20	17	
Townhome	100	1.00	100	
Total Units	191		202	

Benefit is allocated on an ERU basis; based on density of planned development, With Townhome= 1 ERU

Prepared by: Governmental Management Services - Central Florida, LLC

	Capital Improvement Plan ("CIP"} {l)	Phase 1	Phase 2	Phase 3	Cost Estimate		
	
Stormwater Management	
$197,921	
$249,539	
$83,034	
$530,494		
	Potable Water	$113,510	$120,145	$82,962	$316,617		
	Sanitary Sewer	$128,081	$121,377	$62,472	$311,930		
	Reclaimed Water	$32,343	$74,990	$46,575	$153,908		
		$471,855	$566,051	$275,043	$1,312,949		

CAPITAL IMPROVEMENT PLAN COST ESTIMATES
MASTER   ASSESSMENT  METHODOLOGY	

......
......

(1) A detailed description of these improvements is provided in the Engineer's Report dated June 2019.

Prepared by: Governmental Management Services - Central Florida, LLC

Description
Construction Funds	$
Debt Service Reserve	$
Capitalized Interest	$
Underwriters Discount	$
Cost of Issuance	$
Contingency	$

Total
1,331,050
242,550
116,400
50,000
200,000

BOND SIZING
MASTER ASSESSMENT METHODOLOGY

Par Amount*	$ 	1,940,000 

Bond Assumptions: Interest Rate Amortization Capitalized Interest Debt Service Reserve
Underwriters Discount

6.00%
30 years
16 months Max Annual
2%

"'

"' Par amount is subject to change based on the actual terms at the sale of the bonds

Prepared by: Governmental Management Services - Central Florida, LLC

WESTSIDE COMMUN11Y DEVELOPMENT DISTRICT (WINDSOR PARCEL K) ALLOCATION OF IMPROVEMENT COSTS
MASTER ASSESSMENT METHODOLOGY	

Land Use	No. of Units	
ERU Factor	
Total ERUs	% of Total ERUs	Total Improvements Costs Per Product Type	Improvement Costs Per Unit	

Single Family 40'	
77	
1.10	
85	
42.03%	
$	559,503	
$7,266	
Single Family 50'	14	1.20	17	8.34%	$	110,976	$7,927	
Townhome	100	1.00	100	49.63%	$	660,571	$6,606	

Totals	191	202	100.00%	$	1,331,050

Prepared by: Governmental Management Services - Central Florida, LLC

WESTSIDE COMMUNITY DEVELOPMENT DISTRICT (WINDSOR PARCEL K) ALLOCATION OF TOTAL PAR DEBT TO EACH PRODUCT TYPE
MASTER ASSESSMENT METHODOLOGY

Land Use	No. of Units	Total Improvements Costs Per Product
Type	Allocation of Par
Debt Per Product Type	

Par Debt Per Unit	

Single Family 40'	
77	
$	559,503	
$	815,474	
$10,591	
Single Family 50'	14	$	110,976	$	161,747	$11,553	
Townhome	100	$	660,571	$	962,779	$9,628	

Totals	191	$	1,331,050	$	1,940,000

Prepared by: Governmental Management Services - Central Florida, LLC

WESTSIDE COMMUNITY DEVELOPMENT DISTRICT (WINDSOR PARCEL K) PAR DEBT AND ANNUAL ASSESSMENTS FOR EACH PRODUCT TYPE MASTER ASSESSMENT METHODOLOGY

Net Annual Gross Annual
Allocation of Par	Debt	Debt
Debt Per Product		Maximum Annual Assessment	Assessment Land Use	No. of Units	Tvee	Total Par Debt Per Unit		Debt Service	Per Unit	Per Unit \1)

Single Family 40'	77	$	815,474	$10,591	$	101,955   $	1,324	$	1,409	
Single Family 50'	14	$	161,747	$11,553	$	20,223   $	1,444	$	1,537	
Townhome	100	$	962,779	$9,628	$	120,372   $	1,204	$	1,294	

Totals	191	$	1,940,000	$	242,550

(1} This amount includes collection fees and early payment discounts when collected on the Polk County Tax Bill

Prepared by; Governmental Management Services - Central Florida, LLC

Net Annual Debt  Gross Annual Debt
	Total Par Debt	Assessment	Assessment	
Owner	Proee	ID #'s	Unit T ee	Allocated	Allocation	Allocation (1)	
PULTE HOME COMPANY LLC	18-25-27-5592-0001-0250	40	$10,591	$	1,324   $	1,409
PULTE HOME COMPANY LLC     1 8-25-27-5592-0001-0260       40	$10,591          $	1,324   $	1,409 PULTE HOME COMPANY LLC      1 8-25-27-5592-0001·0270        so   $11,553        $	1,444   $	1,537 PULTE HOME COMPANY LLC    18-25-27-5592-0001-0280        50	$11,553          $	1,444   $	1,537· PULTE HOME COMPANY LLC     18-25-27-5592-0001-0290        50	$11,553          $	1,444   $	1,537
PULTE HOME COMPANY LLC    18-25-27-5592-0001-0300        50	$11,553         $	1,444   $	1,537
PULTE HOME COMPANY LLC      18- 25-27-5592-0001-0310        50	$11,553          $	1,444   $	1,537
PULTE HOME COMPANY LLC    18-25-27-5592-0001-0710	40	$10,591          $	1,324   $	1,409
PULTE HOME COMPANY LLC    18-25-27-5592-0001-0720        40	$10,591          $	1,324   $	1,409
PULTE HOME COMPANY LLC     18 -25-27-5592-0001-0730       40	$10,591          $	1,324   $	1,409
PULTE HOME COMPANY LLC    18-25-27-5592-0001-0740        40	$10,591          $	1,324   $	1,409

a>

.....	PULTE HOME COMPANY LLC	18-25-27-5592-0001-0750	50	$11,553	$	1,444   $	1,537
PULTE HOME COMPANYUC	18-25-27-5592-0001-0760	40	$10,591	$	1,324   $	1,409
PULTE HOME COMPANY LLC	18-25-27-5592-0001-0770	40	$10,591	$	1,324   $	1,409
PULTE HOME COMPANY LLC	18-25-27-5592-0001-0780	40	$10,591	$	1,324   $	1,409
PULTE HOME COMPANY LLC	1 8-25-27-5592-0001-0790	40	$10,591	$	1,324   $	1,409
PULTE HOME COMPANY LLC	18-25-27-5592-0001-0800	40	$10,591	$	1,324   $	1,409
PULTE HOME COMPANY LLC	18- 25-27-5592-0001-0810	40	$10,591	$	1,324   $	1,409
PULTE HOME COMPANY LLC	18-25-27-5592-0001-0820	40	$10,591	-  $	1,324   $	1,409
PULTE HOME COMPANY LLC	18- 25-27-5592-0001-0830	40	$10,591	$	1,324   $	1,409
PULTE HOME COMPANY LLC	18-25-27-5592-0001-0840	50	$11,553	$	1,444   $	1,537
PULTE HOME COMPANY LLC	18-25-27-5592-0001-0850	40	$10,591	s	1,324   $	1,409
PULTE HOME COMPANY LLC	18-2 5-27-5592-0001-0860	40	$10,591	$	1,324   $	1,409
PULTE HOME COMPANY LLC	1 8-25-27-5592-0001-0870	40	$10,591	$	1,324   $	1,409
PULTE HOME COMPANY LLC	18-25-27-5592-0001-0880	40	$10,591	$	1,324   $	1,409
PULTE HOME COMPANY LLC	18-25-27-5592-0001-0890	40	$10,591	$	1,324   $	1,409
PULTE HOME COMPANY LLC	18-25-27-5592-0001-0900	40	$10,591	$	1,324   $	1,409
PULTE HOME COMPANY LLC	18-25-27-5592-0001-0910	40	$10,591	$	1,324   $	1,409
PULTE HOME COMPANY LLC	18-25-27-5592-0001-0920	TH	$9,628	$	1,204   $	1,294 PULTE HOME COMPANY LLC	18-25-27-5592-0001-0930	TH	$9,628	$	1,204   $	1,294

PULTE HOME COMPANY LLC	18- 25-27-5592-0001-0940	TH	$9,628	$	l,204	s	1,294	
PULTE HOME COMPANY LLC	18- 25-27-5592-0001-0950	TH	$9,628	$	1,204	$	1,294	
PULTE HOME COMPANY LLC	18 -25-27-5592-0001-0960	TH	$9,628	$	1,204	$	1 ,294	
PULTE HOME COMPANY LLC	18-25-27-5592-0001-0970	TH	$9,628	$	1,204	$	1,294	
PULTE HOME COMPANY LLC	18 -25-27-5592-0001-0980	TH	$9,628	$	1,204	$	1,294	
PULTE HOME COMPANY LLC	18-25-27 -55 92-0001-0990	TH	$9,628	$	1,204	$	1,294	
PULTE HOME COMPANY LLC	18 -25-27-5592-0001-1000	TH	$9,628	$	1,204	$	1,294	
PULTE HOME COMPANY LLC	18-25-27-5592-0001-1010	TH	$9,628	$	1,204	$	1,294	
PULTE HOME COMPANY LLC	18-25-27-5592-0001-1020	TH	$9,628	$	1,204	$	1,294	
PULTE HOME COMPANY LLC	18-25- 27-5592-0001-1030	TH	$9,628	$	1,204	$	1,294	
PULTE HOME COMPANY LLC	18- 25-27-5592-0001-1040	TH	$9,628	$	1,204	$	1,294	
PULTE HOME COMPANY LLC	18- 25-27-5592-0001-1050	TH	$9,628	$	1,204	$	1,294	
PULTE HOME COMPANY LLC	18-25-27-5592-0001-1060	TH	$9,628	$	1,204	$	1,294	
PULTE HOME COMPANY LLC	18 -25-27-5S92-0001-1070	TH	$9,628	$	1,204	$	1,294	
PULTE HOME COMPANY LLC	18-25-27-5592-0001-1080	TH	$9,628	$	1,204	$	1,294	
PULTE HOME COMPANY LLC	18-25-27-5592-0001-1090	TH	$9,628	$	1,204	$	1,294	
PULTE HOME COMPANY LLC	18-25-27-5592-0001-1100	TH	$9,628	$	1,204	$	1,294	
PULTE HOME COMPANY LLC	18-25-27-5592-0001 1110	TH	$9,628	$	1,204	s	1,294	
PULTE HOME COMPANY LLC	18-25-27-5592-0001-1120	TH	$9,628	$	1,204	$	1,294	
PULTE HOME COMPANY LLC	18-25-27-5592-0001-1130	TH	$9,628	$	1,204	$	1,294	
PULTE HOME COMPANY LLC	18-25-27-5592-0001-1140	TH	$9,628	$	1,204	$	1,294	
PULTE HOME COMPANY LLC	18-25-27-5592-0001-1150	TH	$9,628	$	1,204	$	1,294	
PULTE HOME COMPANY LLC	18- 25-27-5592-0001-1160	TH	$9,628	$	1,204	$	1,294	
PULTE HOME COMPANY LLC	18-25-27-5592-0001-1170	TH	$9,628	$	1,204	$	1,294	
PULTE HOME COMPANY LLC	18- 25-27-5S92-0001-1180	TH	$9,628	$	1,204	$	1,294	
PULTE HOME COMPANY LLC	18- 25-27-5592-0001- 1190	TH	$9,628	$	1,204	$	1, 294	
PULTE HOME COMPANY LLC	18-25- 27-5592-0001-1200	TH	$9,628	$	1,204	$	1,294	
PULTE HOME COMPANY LLC	18-25-27-5592-0001-1210	TH	$9,628	$	1,204	$	1,294	
PULTE HOME COMPANY LLC	18-25-27-5592-0001-1220	TH	$9,628	$	1,204	$	1,294	
PULTE HOME COMPANY LLC	18-25-27-5592-0001-1230	TH	$9,628	$	1,204	$	1,294	
PULTE HOME COMPANY LLC	18- 25-27-5592-0001-1240	TH	$9,628	$	1,204	$	1,294	
PULTE HOME COMPANY LLC	18- 25-27-5592-0001-1 250	TH	$9,628	$	1,204	$	1,294	
PULTE HOME COMPANY LLC	18-25- 27-5592-0001-1260	TH	$9,628	$	1,204	$	1,294	
PULTE HOME COMPANY LLC	18-25-27-5592-0001-1270	TH	$9,628	$	1,204	$	1,294	
PULTE HOME COMPANY LLC	18- 25-27-5592-0001 -1280	TH	$9,628	$	1,204	$	1,294	

Owner	Pr oeertv ID #'s	UnitT'(pe	Allocated	Allocation	Allocation (1)

Owner	Proeer!Y ID #'s	Unit Tvee	Allocated		Alloc ation	Allocation (1) PULTE HOME COMPANY LLC	18-25-27-5592-0001-1290		TH		$9,628	$		1,204    $		1,294 PULTE HOME COMPANY LLC	18-25-27-5592-0001-1300		TH		$9,628	$		1,204    $		1,294 PULTE HOME COMPANY LLC	18-25-27-5592-0001-1310		TH		$9,628	$		1,204    $		1,294
PULTE HOME COMPANY LLC	18-25-27-5592-0001-1320	TH	$9,628	$	1,204    $	1,294
PULTE HOME COMPANY LLC	18-25-27-5592-0001-1330	TH	$9,628	s	1,204   $	1,294
PULTE HOME COMPANY LLC	18-25-27-5592-0001-1340	TH	$9,628	$	1,204    $	1,294

s

00

PULTE HOME COMPANY LLC     18-25-27-5592-0001-1350        TH	?9,628	$	1,204    $	1,294 PULTE HOME COMPANY LLC   18-25-27-5592-0001-1360       TH	$9,628	$	1,204    $	1,294 PULTE HOME COMPANY LLC     18-25-27-5592-0001-1370        TH	$9,628	$	1,204    $	1,294 PULTE HOME COMPANY LLC     18-25-27-5592-0001-1380	TH	$9,628		1,204    $	1,294 PULTE HOME COMPANY LLC     18-25-27-5592-0001-1390        TH	$9,628	$	1,204    $	1,294 PULTE HOME COMPANY LLC     18-25-27-5592-0001-1400        TH	$9,628	$	1,204    $	1,294 PULTE HOME COMPANY LLC      18-25-27 5592-0001-1410        TH	$9,628	$	1,204    $	1,294 PULTE HOME COMPANY LLC     18-25-27-5592-0001-1420        TH	$9,628	$	1,204   $	1,294 PULTE HOME COMPANY LLC       18-25-27-5592-0001-1430          TH            $9,628            $             1,204   $             1,294 PULTE HOME COMPANY LLC       18-25-27-5592-0001-1440          TH             $9,628            $             1,204   $              1,294 PULTE HOME COMPANY LLC       18-25-27-5592-0001-1450          TH             $9,628           $             1,204    $              1,294 PULTE HOME COMPANY LLC      18-25-27-5592-0001-1460          TH            $9,628            $            1,204   $            1,294 PULTE HOME COMPANY LLC       18-25-27-5592-0001-1470          TH            $9,628           $             1,204    $             1,294 PULTE HOME COMPANY LLC       18-25-27-5592-0001-1480          TH            $9,628            $            1,204   $             1,294 PULTE HOME COMPANY LLC       18-25-27-5592-0001-1490          TH            $9,628           $            1,204   $             1,294 PULTE HOME COMPANY LLC       18-25-27-5592-0001-1500          TH            $9,628            $             1,204   $             1,294 PULTE HOME COMPANY LLC       18- 25-27-5592-0001-1510          TH            $9,628           $            1,204   $             1,294 PULTE HOME COMPANY LLC       18-25-27-5592-0001-1520          TH             $9,628           $             1,204   $              1,294 PULTE HOME COMPANY LLC      18-25-27-5592-0001-1530          TH           $9,628           $           1,204   $            1,294   PULTE HOME COMPANY LLC       18-25-27-5592-0001-1540          TH            $9,628            $             1,204   $             1,294 PULTE HOME COMPANY LLC       18-25-27-5592-0001-1550          TH           $9,628           $           1,204   $           1,294 PULTE HOME COMPANY LLC      18-25-27-5592-0001-1560          TH                $9,628          $                1,204    $            1,294
PULTE HOME COMPANY LLC	18-25-27-5592-0001-1570	TH	$9,628	$	1,204   s	1,294
PULTE HOME COMPANY LLC	18-25-27-5592-0001-1580	TH	$9,628	$	1,204    $	1,294
PULTE HOME COMPANY LLC	18-25-27-5592-0001-1590	TH	$9,628	$	1,204    $	1,294
PULTE HOME COMPANY LLC     18-25-27-5592-0001-1600        TH	$9,628	$	1,204    $	1,294 PULTE HOME COMPANY LLC     18-25-27-5592-0001-1610        TH	$9,628          s        1,204   $	1,294 PULTE HOME COMPANY LLC     18-25-27-5592-0001-1620        TH	$9,628	$	1,204   $	1,294 PULTE HOME COMPANY LLC     18-25-27-5592-0001-1630        TH	$9,628	$	1,204    s         1,294

....,.

Owner	Property ID #'s	Urtit T ee	Allocated		Allocation	Allocation (1) PULTE HOME COMPANY LLC	18-2S-27-5592-0001-1640		TH		$9,628	$		1,204   $		1,294 PULTE HOME COMPANY LLC	18-2S-27-5592-0001-1650		TH		$9,628	$		1,204   $		1,294 PULTE HOME COMPANY LLC	1 8-25-27-5592-0001-1660		TH		$9,628	$		1,204   $		1,294
PULTE HOME COMPANY LLC    18- 25-27-5592-0001-1670        TH	$9,628	$	1,204   $	1,294 PULTE HOME COMPANY LLC    18-25-27-5592-0001-1680       TH	$9,628	$	1,204   $	1,294 PULTE HOME COMPANY LLC    18-25-27-5592-0001-1690       TH	$9,628	$	1,204   $	1,294 PULTE HOME COMPANY LLC    18-25-27-5592-0001-1700       TH	$9,628	$	1,204   $	1,294 PULTE HOME COMPANY LLC     1 8-25-27-5592-0001-1710      TH	$9,628	$	1,204   $	1,294
PULTE HOME COMPANY LLC	18-25  -27-5592-0001-1720	TH	$9,628	$	1,204   $	1,294
PULTE HOME COMPANY LLC   18 -25-27-5592-0001-1730      TH	$9,628	$	1,204   $	1,294 PULTE HOME COMPANY LLC    18-25-27-5592-0001-1740       TH	$9,628	$	1,204   $	1,294 PULTE HOME COMPANY LLC      18- 25-27-5592-0001-1750        TH	$9,628	$	1,204   $	1,294 PULTE HOME COMPANY LLC    18-25-27-5592-0001-1760       TH	$9,628	$	1,204   $	1,294

1,204	$	1,294	
1,204	$	1,294	
1,204	$	1,294	
1,204	$	1,294	
1,204	$	1,294	
1,204	$	1,294	
1,204	$	1,294	
1,204	$	1,294	
1,204	$	1,294	
1,204	$	1,294	
1,204	$	1,294	
1,204	$	1,294	
1,204	$	1, 294	
1,324	$	1,409	
1,324	$	1,409	
1,324	s	1,409	
1,324	$	1,409	
1,324	$	1,409	
1,324	$	1,409	
1,324	$	1,409	

PULTE HOME COMPANY LLC     1 8-25-27-5592-0001-1770      TH	$9,628	$	1,204   $	1,294 PULTE HOME COMPANY LLC    18-25-27-5592-0001-1780       TH	$9,628	$	1,204   s    1,294 PULTE HOME COMPANY LLC    18-25-27-5592-0001-1790       TH	$9,628	s

<O	PULTE HOME COMPANY LLC	18-25-27-5592-0001-1800	TH	$9,628	
	PULTE HOME COMPANY LLC	18-25-27-5592-0001-1810	TH	$9,628	
	PULTE HOME COMPANY LLC	18 - 25-27-5592-0001-1820	TH	$9,628	
	PULTE HOME COMPANY LLC	18-25-27-5592-0001-1830	TH	$9,628	
	PULTE HOME COMPANY LLC	18 - 2 5-27-5592-0001-1840	TH	$9,628	
	PULTE HOME COMPANY LLC	18-25-27-5592-0001-1850	TH	$9,628	
	PULTE HOME COMPANY LLC	18-25-27-5592-0001-1860	TH	$9,628	
	PULTE HOME COMPANY LLC	18-25-27-5592-0001-1870	T1-l	$9,628	
	PULTE HOME COMPANY LLC	18 -25-27-5592-0001-18 80	TH	$9,628	
	PULTE HOME COMPANY LLC	18-25-27-5592-0001-1890	TH	$9,628	
	PULTE HOME COMPANY LLC	18-25-27-5592-0001-1900	TH	$9,628	
	PULTE HOME COMPANY LLC	18-25-27-5592-0001-1910	TH	$9,628	
	PULTE HOME COMPANY LLC	18-25-27-5593-0001-0010	40	$10,591	
	PULTE HOME COMPANY LLC	18-25-27-5593-0001-0020	40	$10,591	
	PULTE HOME COMPANY LLC	18- 25-27-5593-0001-0030	40	$10,591	
	'PULTE HOME COMPANY LLC	18 -25-27-5593-0001-0040	40	$10,591	
	PULTE HOME COMPANY LLC	18-25-27-5593-0001-0050	40	$10,591	
	PULTE HOME COMPANY LLC	18-25-27-5593-0001-0060	40	$10,591	
	PULTE HOME COMPANY LLC	18-25-27-5593-0001-0070	40	$10,591	

s
$
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Owner	Proeertv ID #'s	Unit Tyee          Allocated	Allocation	Allocation (1) PULTE HOME COMPANY LLC    18-25-27-5593-0001-0080        40	$10,591          $		1,324   $		1,409
PULTE HOME COMPANY LLC    18-25-27-5593-0001-0090        40	$10,591          $	1,324   $	1,409
PULTE HOME COMPANY LLC    18-25-27-5593-0001-0100        40	$10,591          $	1,324   $	1,409
PULTE HOME COMPANY LLC    18-25-27-5593-0001-0110        40	$10,591          $	1,324   $	1,409
PULTE HOME COMPANY LLC    18-25-27-5593-0001-0120        40	$10,591         $	1,324   $	1,409
PULTE HOME COMPANY LLC     1 8-25-27-5593-0001-0130       40	$10,591         $	1,324   $	1,409
PULTE HOME COMPANY LLC    18-25-27-5593-0001-0140        40	$10,591          $	1,324   $	1,409
PULTE HOME COMPANY LLC    18-25-27-5593-0001-0150        40	$10,591          $	1,324   $	1,409
PULTE HOME COMPANY LLC    18-25-27-5593-0001-0160        40	$10,591          $	1,324   $	1,409
PULTE HOME COMPANY LLC    18-25-27-5593-0001-0170	40	$10,591          $	1,324   $	1,409 PULTE HOME COMPANY LLC      18-25-27-5593-0001-0180        so   $11,553        $	1,444   $	1,537 PULTE HOME COMPANY LLC    18-25-27-5593-0001-0190        50	$11,553         $	1,444   $	1,537
PULTE HOME COMPANY LLC	18-25-27-5593-0001-0200	50	$11,553	$	1,444   $	1,537
PULTE HOME COMPANY LLC	18-25-27-5593-0001-0210	50	$11,553	$	1,444   $	1,537
PULTE HOME COMPANY LLC    18-25-27-5593-0001-0220        50	$11,553          $	1,444   $	1,537 PULTE HOME COMPANY LLC      18-25-27-5593-0001-0230        so   $11,553        $	1,444   $	1,537
0"'	PULTE HOME COMPANY LLC	18-25-27-5593-0001-0240	so	$11,553	$	1,444   $	1,537
PULTE HOME COMPANY LLC    18-25-27-5593-0001-0320        40	$10,591         $	1,324   $	1,409
PULTE HOME COMPANY LLC    18-25-27-5593-0001-0330        40	$10,591          $	1,324   $	1,409
PULTE HOME COMPANY LLC    18-25-27-5593-0001-0340        40	$10,591          $	1,324   $	1,409
PULTE HOME COMPANY LLC    18-25-27-5593-0001-0350        40	$10,591         $	1,324   $	1,409
PULTE HOME COMPANY LLC    18-25-27-5593--0001-0360       40	$10,591         $	1,324   $	1,409
PULTE HOME COMPANY LLC    18-25-27-5593-0001-0370        40	$10,591         $	1,324   $	1,409
PUlTE HOME COMPANY LLC    18-25-27-5593--0001-0380        40	$10,591          $	1,324   $	1,409
PULTE HOME COMPANY LLC    18-25-27-5593-0001-0390        40	$10,591         $	1,324   $	1,409
PULTE HOME COMPANY LLC    18-25-27-5593-0001-0400        40	$10,591          $	1,324   $	1,409
PULTE HOME COMPANY LLC    18-25-27-5593-0001-0410        40	$10,591          $	1,324   $	1,409
PULTE HOME COMPANY LLC    18-25-27-5593-0001-0420        40	$10,591         $	1,324   $	1,409
PULTE HOME COMPANY LLC    1 8-25-27-5593-0001-0430          40	$10,591          $	1,324   $	1,409
PULTE HOME COMPANY LLC    18-25-27-5593-0001-0440        40	$10,591          $	1,324   $	1,409
PULTE HOME COMPANY LLC    18-25-27-5593-0001-0450        40	$10,591         $	1,324   $	1,409
PULTE HOME COMPANY LLC    18-25-27-5593-0001-0460        40	$10,591          $	1,324   $	1,409
PULTE HOME COMPANY LLC    18-25-27-5593-0001-0470        40	$10,591         $	1,324   $	1,409
PULTE HOME COMPANY LLC    18-25-27-5593-0001-0480        40	$10,591          $	1,324   $	1,409
PULTE HOME COMPANY LLC    18-25-27-5593-0001-0490        40	$10,591          $	1,324   $	1,409

Owner	Property ID #'s	Unit T ee	Allocated		Allocation	Allocation !1! PULTE HOME COMPANY LLC	18-25-27-5593-0001-0500		40		$10,591	$		1,324  $		1,409
PULTE HOME COMPANY LLC	18-25-27-5593-0001-0510	40	$10,591	$	1,324  $	1,409
PULTE HOME COMPANY LLC	1 8-25-27-5593-0001-0520	40	$10,591	$	1,324  $	1,409
PULTE HOME COMPANY LLC	18-25-27-5593-0001-0530	40	$10,591	$	1,324   $	1,409
PULTE HOME COMPANY LLC	18-25-27-5593-0001-0540	40	$10,591	$	1,324  $	1,409 PULTE HOME COMPANY LLC	18-25·27-5593-0001-0550	40	$10,591	$	1,324  $	1,409
PULTE HOME COMPANY LLC	18-25-27-5593-0001-0560	40	$10,591	$	1,324  $	1,409
PULTE HOME COMPANY LLC	18-25-27-5593-0001-0570	40	$10,591	s	1,324  $	1,409
PULTE HOME COMPANY LLC	18-25 27-5593-0001-0580	40	$10,591	$	1,324  s	1,409
PULTE HOME COMPANY LLC	18-25-27-5593-0001-0590	40	$10,591	$	1,324  $	1,409
PULTE HOME COMPANY LLC	1 8-25-27-5593-0001-0600	40	$10,591	$	1,324  $	1,409
PULTE HOME COMPANY LLC	1 8-25-27-5593-0001-0610	40	$10,591	$	1,324  $	1,409
PULTE HOME COMPANYLLC	18-25-27-5593-0001-0620	40	$10,591	$	1,324  $	1,409
PULTE HOME COMPANY LLC	18-25-27-5593-0001-0630	40	$10,591	s	1,324  $	1,409
PULTE HOME COMPANY LLC	18-25-27-5593-0001-0640	40	$10,591	$	1,324   $	1,409
PULTE HOME COMPANY LLC 18-25-27-5593-0001-0650     40	$10,591        $	1,324   $	1,409 PULTE HOME COMPANY LLC     18-2S-27-5593-0001-0660       40    $10,591      $	1,324  $	1,409 PULTE HOME COMPANY LLC 18-25-27-5593-0001-0670     40	$10,591        $	1,324  $	1,409
PULTE HOME COMPANY LLC	18-25-27-5593-0001-0680	40	$10,591	$	1,324  $	1,409
PULTE HOME COMPANY LLC	18-25-27-5593-0001-0690	40	$10;591	$	1,324  $	1,409
PULTE HOME COMPANY LLC	18-25-27-5593-0001-0700	40		$10,591	$		1,324   $		1,409 Totals			$1,940,000		$242,550	$259,409
This amount includes 6% to cover collection fees and early payment discounts when collected utilizing the uniform method.

Annual Assessment Periods	30	
Projected Bond Rate (%)	6.00%	
Maximum Annual Debt Service	$242,550	

Prepared by: Governmental Management Services - Central Florida, UC

S ECTION D

This item will be provided under separat e cover

-;--;-- ..	•·	... .	- . 

S ECTION Vl·I

RESOLUTION 2020-04
A RESOLUTION OF WESTSIDE COMMUNITY DEVELOPMENT DISTRICT SUPPLEMENTING ITS RESOLUTION NO. 2005-13, AS PREVIOUSLY SUPPLEMENTED BY AUTHORIZING THE ISSUANCE OF ITS WESTSIDE COMMUNITY DEVELOPMENT  DISTRICT SPECIAL ASSESSMENT REVENUE BONDS, SERIES 2019 (WINDSOR PARCEL K) IN A PRINCIPAL AMOUNT NOT EXCEEDING $1.94 MILLION; FOR THE PRINCIPAL PURPOSE OF ACQUIRING AND CONSTRUCTING ASSESSABLE IMPROVEMENTS; DELEGATING TO THE CHAIRPERSON OR VICE CHAIRPERSON OF THE BOARD OF SUPERVISORS OF THE DISTRICT, SUBJECT  TO  COMPLIANCE WITH THE APPLICABLE PROVISIONS HEREOF, THE AUTHORITY TO AWARD THE SALE OF SUCH 2019 BONDS TO MBS CAPITAL MARKETS, LLC BY EXECUTING AND DELIVERING TO SUCH UNDERWRITER A BOND PURCHASE  AGREEMENT  AND APPROVING THE FORM THEREOF; APPROVING THE FORM  OF AND AUTHORIZING THE EXECUTION OF THE SEVENTH SUPPLEMENTAL TRUST INDENTURE; APPOINTING U.S. BANK NATIONAL ASSOCIATION AS THE TRUSTEE, BOND REGISTRAR AND PAYING AGENT FOR SUCH 2019 BONDS; MAKING CERTAIN FINDINGS; APPROVING FORM OF SAID 2019 BONDS; APPROVING THE FORM OF THE PRELIMINARY LIMITED OFFERING MEMORANDUM AND AUTHORIZING THE USE BY THE UNDERWRITER OF THE PRELIMINARY LIMITED OFFERING MEMORANDUM AND THE LIMITED OFFERING MEMORANDUM AND THE EXECUTION OF THE LIMITED OFFERING MEMORANDUM; APPROVING THE FORM OF THE CONTINUING DISCLOSURE AGREEMENT AND AUTHORIZING THE EXECUTION THEREOF; AUTHORIZING CERTAIN OFFICIALS OF WESTSIDE COMMUNITY DEVELOPMENT DISTRICT AND OTHERS TO TAKE ALL ACTIONS REQUIRED IN CONNECTION WITH THE ISSUANCE, SALE AND DELIVERY OF SAID 2019 BONDS; PROVIDING CERTAIN OTHER DETAILS WITH RESPECT TO SAID 2019 BONDS; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, Westside Community Development District (the "District") is authorized  by Florida Statutes, Chapter 190 (the "Act") and Ordinance No. 04-34 and Ordinance No. 07-19 of Osceola County, Florida, (collectively, the "Ordinance"), to issue its Bonds (as defined in the Master Indenture as defined below) for the purpose of acquiring and constructing assessable improvements all as provided in the Act and the Ordinance; and
WHEREAS, the District is authorized by the Act to make payments of principal, interest, and premium, if any, with respect to its bonds by levying and collecting special assessments on property located within the District and specially benefited by the assessable improvements to be financed with certain proceeds of the 2019 Bonds (as defined below); and

50059908;1

WHEREAS, the Bonds were validated by final judgments rendered by the Circuit Court in and for Osceola County, Florida on March 30, 2005 and September 4, 2007; and
WHEREAS, the District now desires to supplement the First Resolution, to authorize the issuance of and award the sale of its Special Assessment Revenue Bonds, Series 2019 (Windsor Parcel K) (the "2019 Bonds") in a principal amount not exceeding $1.94 million, to approve the Supplemental Indenture (hereinafter defined) and to provide for various other matters relating to the issuance of the 2019 Bonds; and

WHEREAS, the Board of Supervisors of the District (the "Board") has received from MBS Capital Markets, LLC (the "Underwriter") a proposal in the form of a Bond Purchase Agreement (the "Contract") for the purchase of the 2019 Bonds and the Board has determined that acceptance of such proposal and the sale of the 2019 Bonds to the Underwriter is in the best interest of the District for the reasons hereafter indicated;

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF WESTSIDE COMMUNITY DEVELOPMENT DISTRICT, as follows:
SECTION 1. Definitions. All words and phrases used herein in capitalized form, unless otherwise defined herein, shall have the meaning ascribed to them in the Indenture (hereinafter defined).
SECTION 2. Authorization.  There is hereby authorized to be issued the 2019 Bonds in a principal amount not exceeding $1.94 Million. The 2019 Bonds shall be issued under and secured by that Master Trust Indenture dated as of February 1, 2005 (the "Master Indenture") as supplemented by that Seventh Supplemental Trust Indenture (the  "Supplemental  Indenture") both by and between the District and U.S. Bank National Association, as trustee (the "Trustee") (the Master Indenture and the Supplemental Indenture are referred to collectively as the "Indenture"). The proceeds of the 2019 Bonds shall be used for the purposes set forth in the Supplemental Indenture and the Limited Offering Memorandum (hereinafter defined).
SECTION 3. Approval of Supplemental Indenture. The Supplemental Indenture is hereby approved in substantially the form set forth as part of Exhibit A hereto and the Chairperson or the Vice Chairperson of the Board are hereby authorized and directed to execute and deliver such Supplemental Indenture on behalf of and in the name of the District and the Secretary or any Assistant Secretary of the Board is hereby authorized to attest such execution, with such additions and deletions therein as may be made and approved by the Chairperson or  the Vice Chairperson executing the same, such execution to be conclusive evidence of such approval. The Trustee is hereby appointed to serve as Trustee, Bond Registrar and Paying Agent under such Supplemental Indenture.
SECTION 4. Negotiated Sale. The Board  hereby determines that a negotiated  sale of the 2019 Bonds to the Underwriter is in the best interest of the District because of prevailing market conditions, because delays caused by soliciting competitive bids could adversely affect the District's ability to issue and deliver the 2019 Bonds at presently favorable interest rates, and

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50059908;1

because the nature of the security for the 2019 Bonds and the sources of payment of debt service on the 2019 Bonds require the participation of an underwriter in structuring the bond issue.
SECTION 5. Contract Approved. The Board hereby approves the Contract submitted by the Underwriter in substantially the form attached as Exhibit B hereto. The Chairperson or Vice Chairperson of the Board is hereby authorized to execute the Contract and to deliver the Contract to the Underwriter with such changes, amendments, modifications, omissions and additions as may be approved  by the executing  Chairperson or Vice Chairperson; provided that
(i) the principal amount of the 2019 Bonds shall not exceed $1,940,000; (ii) the interest rate on none of the 2019 Bonds will exceed the maximum allowable interest rate under applicable Florida law without regard to any waiver of such limit; (iii) the Underwriter's discount shall not exceed the greater of two percent (2.0%) of  the principal amount of the 2019 Bonds or $50,000;
(iv) the 2019 Bonds shall be subject to optional redemption no later than May 1, 2031 at a Redemption Price not in excess of 100% of the principal amount to be redeemed plus accrued interest to the redemption date and (v) the final maturity date of the 2019 Bonds shall be no later than May 1, 2050.
SECTION 6. Preliminary Limited Offering Memorandum and Limited Offering Memorandum. The District hereby approves the Preliminary Limited Offering Memorandum in substantially the form attached hereto as Exhibit C (the "Preliminary Limited Offering Memorandum") and authorizes its distribution and use by the Underwriter in connection with the offering for the sale of the 2019 Bonds. If between the date hereof and the mailing of the Preliminary Limited Offering Memorandum it is necessary to make insertions, modifications and changes to the Preliminary Limited Offering Memorandum, the Chairperson or Vice Chairperson is hereby authorized to approve such insertions, changes and modifications, and, the Chairperson or Vice Chairperson is hereby authorized to deem the Preliminary Limited Offering Memorandum "final" within the meaning of Rule 15c2-12 of the Securities and Exchange Commission (the "Rule") under the Securities Exchange Act of 1934, in the form as mailed and in furtherance thereof to execute a certificate evidencing same. The preparation of a final Limited Offering Memorandum is hereby approved and the Chairperson or Vice Chairperson is hereby authorized to execute such final Limited Offering Memorandum to be dated the date of the award of the 2019 Bonds and, upon such award, to deliver the same to the Underwriter for use by it in connection with the sale and distribution of the 2019 Bonds. The Limited Offering Memorandum shall be substantially in the form of the final Preliminary Limited Offering Memorandum, with such changes as shall be approved by the Chairperson or Vice Chairperson as necessary to conform to the details of the 2019 Bonds and such other insertions, modifications and changes as may be approved by the Chairperson or Vice Chairperson. The execution and delivery of the Limited Offering Memorandum by the Chairperson or Vice Chairperson shall constitute evidence of the approval thereof. The District hereby authorizes the use of the Preliminary Limited Offering Memorandum and the Limited Offering Memorandum and the information contained therein in connection with the offering and sale of the 2019 Bonds.
SECTION 7. Form of2019 Bonds. The 2019 Bonds shall be in substantially the form as set forth in the exhibit to the Supplemental Indenture, with such additions, deletions and other changes thereto as the officials of the Board executing the 2019 Bonds shall approve, such approval to be conclusively evidenced by the execution of the 2019 Bonds (by manual or

3
50059908;1

facsimile signature) by such officials. The Board hereby authorizes and approves the use of a facsimile of the District seal on the 2019 Bonds.
SECTION 8. Continuing Disclosure Agreement. The form and content of Continuing Disclosure Agreement (the "Disclosure Document") relating to the 2019 Bonds attached hereto as Exhibit D is hereby approved. The Chairperson or Vice Chairperson and the Secretary or any Assistant Secretary are hereby authorized to execute on behalf of the District the Disclosure Document in substantially the form attached hereto, with such additions, deletions, and other changes as may be necessitated by applicable law, this Resolution and the Contract as such officers may approve (such approval to be conclusively evidenced by their execution of the Disclosure Document).
SECTION 9. Open Meetings. It is hereby found and determined that all official acts of this Board concerning and relating to the issuance, sale, and delivery of the 2019 Bonds, including but not limited to adoption of this Resolution, were taken in open meetings of the members of the Board and all deliberations of the members of the Board that resulted in such official acts were in meetings open to the public, in compliance with all legal requirements including, but not limited to, the requirement of Florida Statutes, Section 286.011.
SECTION 10. Other Actions. The Chairperson, the Vice Chairperson, the Secretary, any Assistant Secretary and the District Manager of the District, and any authorized designee thereof (collectively, the "District Officers"), Akerman LLP, as Bond Counsel, Latham, Luna, Eden & Beaudine, LLP the District's General Counsel, and any other consultant or experts retained by the District, are hereby authorized and directed to take all actions necessary or desirable in connection with the issuance and delivery of the 2019 Bonds and the consummation of all transactions in connection therewith. The District Officers are hereby authorized and directed to execute all necessary or desirable certificates, documents, papers, and agreements necessary to the undertaking and fulfillment of all transactions referred to in or contemplated by the Supplemental Indenture, the Preliminary Limited Offering Memorandum, the Limited Offering Memorandum, this Resolution, the Disclosure Document and the Contract.
SECTION 11. Approval of Prior Actions. All actions taken to date by the members of the Board and the officers, agents, and employees of the District in furtherance of the issuance of the Bonds are hereby approved, confirmed and ratified.
SECTION 12. Inconsistent Resolutions and Motions. All prior resolutions of the Board inconsistent with the provisions of this Resolution are hereby modified, supplemented and amended to conform with the provisions herein contained and, except as so modified, supplemented and amended hereby, shall remain in full force and effect.
SECTION 13. 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.

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50059908;1

SECTION 14. Effective Date.	This Resolution shall become effective immediately upon its adoption.
ADOPTED this 2nd day of October, 2019.

WESTSIDE COMMUNITY DEVELOPMENT DISTRICT

By:_ _ _ _

_ _     

_ _ _ _     

[SEAL]
Attest:

Chairperson

By:_ _ _

_ _ _

_ _ _ _ _

_ _ _ _

Secretary

5
50059908 ;1

S ECTION VIII

b	Berger, Toombs, Elam,
,OJ Gaines & Frank
Certified  Public Accountants    PL
600 Citrus Avenue
Suite 200
Fort Pierce, Florida 34950
7721461-6120 II 461-1155
FAX: 7721468-9278

September 20, 2019

George Flint, District Manager Governmental Management Services, LLC 135 W. Central Blvd., Suite 320
Orlando, FL 32801

The Objective and Scope of the Audit of the Financial Statements

You have requested that we audit the financial statements of Westside Community Development District, which comprise governmental activities, a discretely presented component unit and each major fund for the General Fund as of and for the year ended September 30, 2019 which collectively comprise the basic financial statements. We are pleased to confirm our acceptance and our understanding of this audit engagement by means of this letter for the year ending September 30, 2019.

Our audit will be conducted with the objective of our expressing an opinion on the financial statements.

The Responsibilities of the Auditor

We will conduct the audit in accordance with auditing standards generally accepted in the United States of America and "Government Auditing Standards" issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment , including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

Because of the inherent limitations of an audit, together with the inherent limitations of internal control, an unavoidable risk that some material misstatements may not be detected exists, even though the audit is properly planned and performed in accordance with generally accepted auditing standards. Also, an audit is not designed to detect errors or fraud that are immaterial to the financial statements.

Member AICPA

Fort Pierce I Stuart
Member AICPA Division for CPA Firms Private Compan ies practice Se ctio n

Member FICPA

Gaines & Frank

Westside Community Development District September 20, 2019
Page 2

In making our risk assessments, we consider internal control relevant to Westside Community Development District's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. However, we will communicate to you in writing concerning any significant deficiencies or material weaknesses in internal control relevant to the audit of the financial statements that we have identified during the audit.

We will also communicate to the Board any fraud involving senior management and fraud that causes a material misstatement of the financial statements that becomes known to us during the audit, and any instances of noncompliance with laws and regulations that we become aware of during the audit.

The funds that you have told us are maintained by Westside Community Development District and that are to be included as part of our audit are listed below:

General Fund
Debt Service Fund 2005
Debt Service Fund 2007
Capital Projects Fund 2005
Capital Projects Fund 2007

The component unit whose financial statements you have told us are to be included as part of Westside Community Development District's basic financial statements is listed here:

1.	Westside SPE, LLC

The component unit whose financial statements you have told us will be omitted from the basic financial statements is:

1.	Westside COD Holdings, LLC

'O'	Gaines & Frank

Westside Community Development District September 20, 2019
Page 3

The Responsibilities of Management and Identification of the Applicable Financial Reporting Framework

Our audit will be conducted on the basis that management acknowledges and understands that it has responsibility:
For the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America;
To evaluate subsequent events through the date the financial statements are issued or available to be issued, and to disclose the date through which subsequent events were evaluated in the financial statements. Management also agrees that it will not evaluate subsequent events earlier than the date of the management representation letter referred to below;
For the design, implementation and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error; and
To provide us with:
Access to all information of which management is aware that is relevant to the preparation and fair presentation of the financial statements such as records, documentation and other matters;
Additional information that we may request from management for the purpose of the audit; and
Unrestricted access to persons within the entity from whom we determine it necessary to obtain audit evidence.

As part of our audit process, we will request from management written confirmation concerning representations made to us in connection with the audit including among other items:

That management has fulfilled its responsibilities as set out in the terms of this letter; and;
· That it believes the effects of any uncorrected misstatements aggregated by us during the current engagement and pertaining to the latest period presented are immaterial, both individually and in the aggregate, to the financial statements taken as a whole.

!-.QI Gaines & Frank

Westside Community Development District September 20, 2019
Page4

Management is responsible for identifying and ensuring that Westside Community Development District complies with the laws and regulations applicable to its activities, and for informing us about all known material violations of such laws or regulations. In addition, management is responsible for the design and implementation of programs and controls to prevent and detect fraud, and for informing us about all known or suspected fraud affecting the entity involving management, employees who have significant roles in internal control, and others where the fraud could have a material effect on the financial statements. Management is also responsible for informing us of its knowledge of any allegations of fraud or suspected fraud affecting the entity received in communications from employees, former employees, analysts, regulators, or others.

The Board is responsible for informing us of its views about the risks of fraud within the entity, and its knowledge of any fraud or suspected fraud affecting the entity.

Westside Community Development District agrees that it will not associate us with any public or private securities offering without first obtaining our consent. Therefore, Westside Community Development District agrees to contact us before it includes our reports or otherwise makes reference to us, in any public or private securities offering.

Because Berger, Toombs, Elam, Gaines & Frank will rely on Westside Community Development District and its management and Board of Supervisors to discharge the foregoing responsibilities, Westside Community Development District holds harmless and releases Berger, Toombs, Elam, Gaines & Frank, its partners, and employees from all claims, liabilities, losses  and costs arising in circumstances where there has been a known misrepresentation by a member of Westside Community Development District's management, which has caused, in any respect, Berger, Toombs, Elam, Gaines & Frank's breach of contract or negligence. This provision shall survive the termination of this arrangement for services.

Westside Community Development District's Records and Assistance

If circumstances arise relating to the condition of the Westside Community Development District's records, the availability of appropriate audit evidence, or indications of a significant risk of material misstatement of the financial statements because of error, fraudulent financial reporting, or misappropriation of assets, which in our professional judgment, prevent us from completing the audit or forming an opinion , we retain the unilateral right to take any course of action permitted by professional standards, including declining to express an opinion, issuing a report, or withdrawing from the engagement.

During the course of our engagement, we may accumulate records containing data that should be reflected in the Westside Community Development District books and records. The District will determine that all such data, if necessary, will be so reflected. Accordingly, the District will not expect us to maintain copies of such records in our possession.

Gaines & Frank

Westside Community Development District September 20, 2019
Page 5

The assistance to be supplied, including the preparation of schedules and analyses of accounts, has been discussed and coordinated with Katie Costa. The timely and accurate completion of this work is an essential condition to our completion of the audit and issuance of our audit report.

Other Relevant Information

In accordance with Government Auditing Standards, a copy of our most recent peer review report has been provided to you, for your information.

Fees, Costs and Access to Workpapers

Our fees for the services described above are based upon the value of the services performed and the time required by the individuals assigned to the engagement, plus direct expenses. Invoices for fees will be submitted in sufficient detail to demonstrate compliance with the terms of this engagement. Billings are due upon submission. Our fee for the services described in this letter for the year ending September 30, 2019 will not exceed $3,825 unless the scope of the engagement is changed, the assistance which Westside Community Development District has agreed to furnish is not provided, or unexpected conditions are encountered, in which case we will discuss the situation with you before proceeding. All other provisions of this letter will survive any fee adjustment.

In the event we are requested or authorized by Westside Community Development District or are required by government regulation, subpoena, or other legal process to produce our documents or our personnel as witnesses with respect to our engagement for Westside Community Development District, Westside Community Development District will, so long as we are not a party to the proceeding in which the information is sought, reimburse us for our professional time and expenses, as well as the fees and expenses of our counsel, incurred in responding to such requests.

The audit documentation for this engagement is the property of Berger, Toombs, Elam, Gaines, & Frank and constitutes confidential information. However, you acknowledge and grant your assent that representatives of the cognizant or oversight agency or their designee, other government audit staffs, and the U.S. Government Accountability Office shall have access to the audit documentation upon their request and that we shall maintain the audit documentation for a period of at least three years after the date of the report, or for a longer period if we are requested to do so by the cognizant or oversight agency. Access to requested documentation will be provided under the supervision of Berger, Toombs, Elam, Gaines, & Frank audit personnel and at a location designated by our Firm.

OJ Gaines & Frank

Westside Community Development District September 20, 2019
Page 6

Information Security - Miscellaneous Terms

Berger, Toombs, Elam, Gaines & Frank is committed to the safe and confidential treatment of Westside Community Development District's proprietary information. Berger, Toombs, Elam, Gaines & Frank is required to maintain the confidential treatment of client information in accordance with relevant industry professional standards which govern the provision of services described herein. Westside Community Development District agrees that it will not provide Berger, Toombs, Elam, Gaines & Frank with any unencrypted electronic confidential or proprietary information, and the parties agree to utilize commercially reasonable measures to maintain the confidentiality of Westside Community Development District's information, including the use of collaborate sites to ensure the safe transfer of data between the parties.

If any term or provision of this arrangement letter is determined to be invalid or unenforceable, such term or provision will be deemed stricken and all other terms and provisions will remain in full force and effect.

Reporting

We will issue a written report upon completion of our audit of Westside Community Development District's financial statements. Our report will be addressed to the Board of Westside Community Development District. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion, add an emphasis­ of-matter or other-matter paragraph(s), or withdraw from the engagement.

In addition to our report on Westside Community Development District's financial statements, we will also issue the following types of reports:

Reports on internal control and compliance with laws, regulations, and the provisions of contracts or grant agreements. We will report on any internal control findings and/or noncompliance which could have a material effect on the financial statements;
Management letterrequired by the Auditor General, State of Florida; and
Attestation reports required by the Auditor General, State of Florida.

This letter constitutes the complete and exclusive statement of agreement between Berger, Toombs, Elam, Gaines, & Frank and Westside Community Development District, superseding all proposals, oral or written, and all other communications, with respect to the terms of the engagement between the parties.

Gaines & Frank

Westside Community Development District September 20, 2019
Page 7

Please sign and return the attached copy of this letter to indicate your acknowledgment of, and agreement with, the arrangements for our audit of the financial statements including our respective responsibilities.

Sincerely,

t :	&FRANK

J. W. Gaines, CPA

Confirmed on behalf of the addressee:

------------ _,---

Judson  B. Baggett
MBA, CPA, CVA, Partner
Marci Reutimann
CPA, Partner

11 6815 Dairy Road
Zephyrhills, FL 33542
1  (813) 788-2155
A  (813) 782-8606

-

System Review Report

To the Directors	November 2, 2016
Berger, Toombs, Elam, Gaines & Frank, CPAs PL
and the Peer Review Committee of the Florida Institute of Certified Public Accountants

We have reviewed the system of quality control for the accounting and auditing practice of Berger, Toombs, Elam, Gaines & Frank, CPAs PL (the firm), in effect for the year ended May 31, 2016. Our peer review was conducted in accordance with the Standards for Performing and Reporting on Peer Reviews established by the Peer Review Board of the American Institute of Certified Public Accountants. As a part of our peer review, we considered reviews by regulatory entities, if applicable, in determining the nature and extent of our procedures. The firm is responsible for designing a system of quality control and complying with it to provide the firm with reasonable assurance of performing and reporting in conformity with applicable professional standards in all material respects. Our responsibility is to express an opinion on the design of the system of quality control, and the firm's compliance therewith based on our review. The nature, objectives, scope, limitations of, and the procedures performed in a System Review are described in the standards at www.aicpa.org/prsummary.

As required by the standards, engagements selected for review included engagements performed under Government Auditing Standards and audits of employee benefit plans.

In our opinion, the system of quality control for the accounting and auditing practice of Berger, Toombs, Elam, Gaines & Frank, CPAs PL in effect for the year ended May 31, 2016 has been suitably designed and complied with to provide the firm with reasonable assurance of performing and reporting in conformity with applicable professional standards in all material respects. Firms can receive a rating of pass, pass with deficiency(ies), or fail. Berger, Toombs, Elam, Gaines & Frank, CPAs PL, has received a peer review rating of pass.

L	­
sa9 . R utimann & Associates, CPAs, PA

(BERGER_REPORT16)

of Certified Public Auountont; (AICP.t,J e1ncl Fk,11do lmltl•Jlc of Cert,f1c"d Puhl,( Ac ountnnts (FICf'/•,)

fl\ember /\mericrm Institute
- t-lutw rio l A:; o(itition 0f Ccrtifl!Jd Volvot,on /-,nDly:;t (t 11-.C"vA)

ADDENDUM TO ENGAGEMENT LETTER BETWEEN BERGER, TOOMBS, ELAM, GAINES AND FRANK AND WESTSIDE COMMUNITY DEVELOPMENT DISTRICT
(DATED SEPTEMBER 20, 2019)

Public Records. Auditor shall, pursuant to and in accordance with Section 119.0701, Florida Statutes, comply with the public records laws of the State of Florida, and specifically shall:

Keep and maintain public records required by the District to perform the services or work set forth in this Agreement; and

Upon the request of the District's custodian of public records, provide the District with a copy of the requested records or allow the records to be inspected or copied within a reasonable time at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes, or as otherwise provided by law; and

Ensure that public records that are exempt or confidential and exempt from public records disclosure requirements are not disclosed except  as authorized by law for the duration of the contract term and following completion of the Agreement if the Auditor does not transfer the records to the District; and

Upon completion of the·Agreement, transfer, at no cost to the District, all public records in possession of the Auditor or keep and maintain public records required by the District to perform the service or work provided for in this Agreement. If the Auditor transfers all public records to the District upon completion of the Agreement, the Auditor shall destroy any duplicate public records that are exempt or confidential and exempt from public disclosure requirements. If the Auditor keeps and maintains public records upon completion of the Agreement, the Auditor shall meet all applicable requirements for retaining public records. All records stored electronically must be provided to the District, upon request from the District's  custodian of public records, in a format that is compatible with the information technology systems of the District.

Auditor acknowledges that any requests to inspect or copy public records relating to this Agreement must be made directly to the District pursuant to Section 119.0701(3), Florida Statutes. If notified by the District  of a public records request for records not in the possession of the District but in possession of the Auditor, the Auditor shall provide such records to the District or allow the records to be inspected or copied within a reasonable time. Auditor acknowledges that should Auditor fail to provide the public records to the District within a reasonable time, Auditor may be subject to penalties pursuant to Section 119.10, Florida Statutes.

IF THE AUDITOR HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE AUDITOR'S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT/CONTRACT, THE AUDITOR MAY CONTACT THE CUSTODIAN OF PUBLIC RECORDS FOR THE DISTRICT AT:

GMS-CF, LLC
135 W. Central Blvd., Suite 320
Orlando, FL 32801
TELEPHONE: 407-841-5524 EMAIL: GFLINT@GMSNF.COM

Auditor: J.W. Ga		,
By:

Title: Directo7	

Date: September 20, 2019

District: Westside CDD

By:	 	

Title: --------
Date: --------

SECTION IX

This item will be provided	under separat e cover

S ECTION X

SECTt·o	C

S ECTION 1

Westside
Community Development District

Summary of Check  Register

August 28, 2019 to September 24, 2019

		Fund	Date	CheckNo.'s	Amount		
	
General		
08/30/19	
1513-1515	
$	
1,648.12	
	09/06/19	1516	$	975.00	
	09/11/19	1517-1519	$	5,939.12	
	09/13/19	1520-1521	$	8,977.06	

$	17,539.30

Payroll	September 2019
Scott D Stewart	50256	$	184.70
$	184.70
$	17,724.00 I

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 9/26/19
***  CHECK DATES 08/28/2019 - 09/24/2019 ***	WESTSIDE CDD - GENERAL FUND
BANK A WESTSIDE CDD

PAGE	1

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

STATUS

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

8/30/19 00006

8/30/19 00029

8/20/19 6-713-10 201908 310-51300-42000
DELIVERY 8/8/19
FEDEX
8/20/19 87277	201907 310-51300-31500
RESOLUTION FY20/MEETING

*	46.86
- - - - - - - - - -
*	1,026.26

46.86 001513

8/30/19 00007

9/06/19 00056

LATHAM,SHUKER,EDEN & BEAUDINE, LLP
7/30/19 00836682 201907 310-51300-48000
NOT OF PUB HEAR 8/13/19
ORLANDO SENTINEL
8/30/19 11060	201908 320-53800-46400
STORM WATER POND AUG19
8/30/19 11060	201908 320-53800-46400
GOODMAN POND AUG19
8/30/19 11060	201908 320-53800-46400
SOLARA PND Sl,S2,S3 AUG19

-  -  -  - - - -  - -	-1,-02-6.-26-

-

*	575.00
-  -  -  -  - - -  - - - - -5-75.-00-
*	600.00
*	100.00
*	275.00

001514

001515

9/11/19 00006

9/11/19 00001

AQUATIC WEED MANAGEMENT, INC.
9/03/19 6-725-98 201908 310-51300-42000
DELIVERY 8/28/19
FEDEX
9/01/19 333	201909 310-51300-34000
MANAGEMENT FEES SEP19
9/01/19 333	201909 310-51300-35100
INFO TECH SEP19
9/01/19 333	201909 310-51300-31300
DISSEMINATION SEP19
9/01/19 333	201909 310-51300-51000
OFFICE SUPPLIES
9/01/19 333	201909 310-51300-42000
POSTAGE
9/01/19 333	201909 310-51300-42500
COPIES
9/01/19 334	201909 320-53800-49000
FIELD MANAGEMENT SEP19

-  - - - - - - -  - -
*	66.15
- - - - - - - - - -
*	3,315.33
*	83.33
*	583.33
*	10.12
*	22.99
*	144.45
*	1,547.17

975.00 001516

66.15 001517

9/11/19 00022

9/13/19 00025

GOVERNMENTAL MANAGEMENT SERVICES
8/31/19 5270004 201908 310-51300-31100
PREP/ATTEND MTG/POND/CORR
HANSON, WALTER & ASSOCIATES, INC.
9/10/19 9466	201909 300-15500-10000
FY20 PROPERTY INSURANCE

-  -  -  -  -  - - - -  -  -5-,7-06.-7-2 001518
*	166.25
-  - - - -  - - - - - - -1-66.-25- 001519
*	949.00

WEST WESTSIDE	KCOSTA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 9/26/19
** * CHECK DATES 08/28/2019 - 09/24/2019 ***	WESTSIDE CDD - GENERAL FUND
BANK A WESTSIDE CDD

PAGE	2

CHECK  VEND# •....INVOICE....• •..EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
9/10/19 9466	201909 300-15500-10000
FY20 GEN.LIAB/PUBLIC OFFI

STATUS	AMOUNT	..•.CHECK•••..
AMOUNT	#
*	7,929.00

EGIS INSURANCE ADVISORS, LLC
9/13/19 00006	9/10/19 6-732-64 201908 310-51300-42000
DELIVERY-8/28/19

8,878.00 001520
*	99.06

FEDEX	99.06 001521

TOTAL FOR BANK A TOTAL FOR REGISTER

17,539.30
17,539.30

WEST WESTSIDE	KCOSTA

.	.
S ECTIO N 2	·

Westside
Community Development District

Unaudited Financial Reporting August 31, 2019

Table 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 

 	Series 2019 Debt Service Fund Income Statement 

 	Capital Projects Fund Income Statement 

 	Capital Reserve Fund

 	Month to Month

 	Long Term Debt Summary 

13-14 	Assessment  Receipt Schedule

 	Series 2018 Construction Schedule 

 	Series 2019 Construction Schedule 

WESTSIDE COD
COMMUNITY DEVELOPMENT DISTRICT COMBINED BALANCE SHEET
August 31, 2019

CAPITAL
DEBT SERVICE	PROJECTS	CAPITAL
 	GENERAL	FUND	FUND	RESERVE	TOTALS	

ASSETS
CASH	s	632,071	s	s	26,554	s	5,049	s	663,674
INVESTMENTS
STATE BOARD ADMINISTRATION	517,404	300,982	818,386
SERIES 2005
DEFERRED COST 2005	12,376	12,376
INTEREST FUND 2005
RESERVE FUND 2005	102,027	102,027
REVENUE FUND 2005	872	872
RESERVE FUND 2005-1	304,436	304,436
REVENUE FUND 2005-1	411,538	411,538
COST OF ISSUANCE 2005-1/2	6	6
RESERVE FUND 2005-2	100,342	100,342
REVENUE FUND 2005-2	66,338	66,338
SERIES 2007
DEFERRED COST 2007	3,768	3,768
RESERVE FUND 2007	37,756	37,756
REVENUE FUND 2007	778	778
RESERVE FUND 2007-1	316,660	316,660
REVENUE FUND 2007-1	570,502	570,502
COST OF ISSUANCE 2007-1/2	6	6
RESERVE FUND 2007-2	36,260	36,260
REVENUE FUND 2007-2	27,439	27,439
SERIES 2018
CONSTRUCTION FUND	1	1
RESERVE FUND	115,065	115,065
REVENUE FUND	95,778	95,778
SERIES 2019
CONSTRUCTION FUND	451,572	451,572 COST OF ISSUANCE
INTEREST FUND	84,779	84,779
RESERVE FUND		101,595	101,595 REVENUE FUND	 		174			174
TOTAL ASSETS	 $     1,149,475	s	2,388,483	$	478,140	s   306,030	$	4,322,128
UABILmES & FUND BALANCES LIABILITIES
ACCOUNTS PAYABLE	 s	5,750	$		$	s	$	5,750
TOTAL LIABILITIES	 	5,750		5,750

FUND BALANCES
RESTRICTED FOR DEBT SERVICE 2005	$	$	997,930	$	$	$	997,930	
RESTRICTED FOR DEBT SERVICE 2007	$993,162		993,162	
RESTRICTED FOR DEBT SERVICE 2018	$210,843		210,843	
RESTRICTED FOR DEBT SERVICE 2019	$186,548		186,548	
RESTRICTED FOR CAPITAL PROJECTS 2005		$6	6	
RESTRICTED FOR CAPITAL PROJECTS 2007		$26,560	26,560	
RESTRICTED FOR CAPITAL PROJECTS 2018		$1	1	
RESTRICTED FOR CAPITAL PROJECTS 2019		$451,572	451,572	
UNASSIGNED	 	1,143,724	$306,030	1,449,755

TOTAL FUND BALANCES	 	1,143,724	2,388,483	478,140	306,030	4,316,378

TOTAL LIABILmES & FUND BALANCES	$     1,149,475	$	2,388,483	$	478,140	$	306,030	$	4,322,128

GENERAL FUND
STATEMENT OF REVENUES & EXPENDITURES
For The Period  Ending  August 31, 2019

	Adopted	Prorated Budget	Actual		
	Budget	Thru 08/31/19	Thru 08/31/19	Variance	
REVENUES:					
Maintenance Assessments-On Roll	$300,716	$300,716	$305,928	$5,211	
Maintenance Assessments-Off Roll	$381,014	$381,014	$377,111	($3,903)	
Maintenance Assessments-West Lucaya	$0	$0	$4,160	$4,160	
Interest Income	$5,000	$4,583	$12,193	$7,610	
TOTAL REVENUES	$686,730	$686,313	$699,393	$13,079 1	

EXPENDITURES;					
ADMINISTRATIVE					
Supervisor Fees	$12,000	$11,000	$3,200	$7,800	
FICA Expense	$918	$842	$245	$597	
Engineering Fees	$10,500	$9,625	$1,799	$7,826	
Legal Services	$40,000	$36,667	$16,146	$20,521	
Arbitrage	$1,350	$900	$900	$0	
Management Fees	$39,784	$36,468	$36,469	($0)	
Information Technology	$1,000	$917	$917	$0	
Dissemination	$9,500	$8,708	$10,375	($1,667)	
Trustee	$6,000	$3,000	$3,717	($717)	
Assessment Roll Services	$5,000	$5,000	$5,000	$0	
Auditing Services	$3,975	$3,975	$3,825	$150	
Telephone	$100	$92	$36	$56	
Postage and Freight	$2,250	$2,063	$1,375	$688	
Insurance - General Liability	$8,600	$8,600	$7,736	$864	
Printing and Binding	$1,500	$1,375	$788	$588	
Legal Advertising	$1,800	$1,650	$1,651	($1)	
Miscellaneous Services	$1,250	$1,146	$688	$458	
Office Supplies	$400	$367	$61	$305	
Property Appraiser's Fee	$600	$600	$555	$45	
Property Taxes	$10	$10	$4	$6	
Dues, Licenses, Subscriptions	$175	$175	$175	$0	
Settlement Agreement Pavments	$50,000	$50,000	$53,750	($3,750)	
TOTAL ADMINISTRATIVE	$196,712	$183,178	$149,411	$33,7681	

OPERATIONS AND MAINTENANCE					
Landscape Maintenance	$163,170	$149,572	$139,288	$10,285	
Irrigation Repairs	$15,000	$13,750	$2,578	$11,172	
Plant Replacement	$30,000	$27,500	$0	$27,500	
Electric	$1,500	$1,375	$282	$1,093	
Streetlighting	$73,000	$66,917	$48,289	$18,628	
Irrigation Water	$58,000	$53,167	$32,450	$20,716	
Property Insurance	$1,100	$1,100	$923	$177	
Field Management	$18,566	$17,018	$17,019	($0)	
Lake & Wetland Maintenance	$22,800	$20,900	$10,725	$10,175	
Misc. Contingency	$30,000	$27,500	$5,558	$21,942	
Storrnwater/Lake Repair	$15,000	$13,750	$0	$13,750	
Transfer Out	$61,884	$0	$0	$0	
TOTAL OPERATION AND MAINTENANCE	$490,018	$392,549	$257,110	$135,438	
TOTAL EXPENDITURES	$686,730		$406,521		

EXCESS OF REVENUES OVER (UNDER) EXPENDITURES	 	$0		$292,872	

FUND BALANCE, BEGINNING		$0	$850,853	
				
FUND BALANCE, ENDING		$0	$1,143,724	

2

Adopted	Prorated Budget	Actual
 	Budget	Thru  08/31/19	Thru  08/31/19	Variance	

REVENUE		

Assessments -On Roll	$276,643	$276,643	$281,436	$4,794	
Assessments-Off Roll	$163,560	$163,560	$258,265	$94,705	
Assessments-Accelerated	$774,584	$0	$0	$0	
Land Sale Proceeds	$0	$0	$2,325,382	$2,325,382	
Other Debt Service Funds	$8,559	$7,846	$0	($7,846)	
Interest	$0	$0	$26,270	$26,270	

TOTAL REVENUE	 	$1 , 223,345	$448,048	$2,891,353		s2,443,305 1

EXPENDITURES		
Series 200S/ 20 05-1		
Interest • 10/1	$0	$0	$89,898	($89,898)	
Interest • 11/1	$399,173	$399,173	$423,891	(S24,719)	
Interest• 4/1	$0	$0	$44,423	($44,423)	
Special Call · 4/1	$0	$0	$975,000	($975,000)	
Interest• 5/1	$399,173	$399,173	$18,832	$380,341	
Principal• 5/1	$425,000	$425,000	S160,000	S265,000	
Series 2oos-2
Interest• 11/1	
$0	
$0	
so	
$0	
Interest· 5/1	$0	$0	so	so	
Principal • 5/1	so	so	so	so	

TOTAL EXPENDITURES	 	$1,223,345	$1,223,345	Sl,712,044		($488 ,6 99) ]

OTHER FINANONG SOURCES

Other  Debt Service Cost	so	so	{$54,975)	($54 , 975)
Transfer In (Out)		so	so					($73,352)			($73,352) TOTAL OTHER FINANCING SOURCES (USES}	 	$0	$0			($128,327)		cs12s,321i 1 EXCESS OF REVENUES OVER (UNDER) EXPENDITURES	 	$0		$1,050,982					 FUND BAlANCE, BEGINNING	 	so					{$53,053)				 FUND BAlANCE, ENDING		$0					$997,930

3

Adopted	Prorated Budget	Actual
 	Budget	Thru 08/31/19	Thru  08/31/19	Variance	

REVENUE					
Assessments - On Roll	$346,860	$346,860	$349,046	$2,186	
Assessments - Off Roll	$59,897	$59,897	$267,316	$207,420	
Assessments - Accelerated	$1,020,603	$0	$0	$0	
Other Debt Service Funds	$10,200	$0	$0	$0	
Bondholder Contr ibut i ons	$0	$0	$0	$0	
Land Sale Proceeds	$0	$0	$734,331	$734,331	
Interest	$0	$0	$30,049	$30,049	

TOTAL REVENUE	 	$1,437,560	$406,757	$1,380,743		$973.986 1

EXPENDITURES		
Series 2007/ 2007-1		
Interest - 10/1	$0	$0	$11,080	($11,080)	
Int erest - 11/1	$543,780	$543,780	$561,060	($17,280)	
Interest - 4/1	$0	$0	$47,430	($47,430)	
Principal - 4/1	$0	$0	$1,035,000	($1,035,000)	
Interest - 5/1	$543,780	$543,780	$19,045	$524,735	
Principal - 5/1	$350,000	$350,000	$100,000	$250,000	
s erie s 2001-2					
Int erest - 11/1	$0	$0	$0	$0	
Interest - 5/1	$0	$0	$0	$0	
Principal - 5/1	$0	$0	$0	$0	

TOTAL EXPENDITURES	 	$1,437,560	$1,437,560	$1,773,615		($336,o5s) 1

OTHER FINANCNG SOURCES

Other Debt Service Cost	$0	$0	{$49,975)	($49,975)
Transfer (Out)/ln		$0	$0				{$73,750)		($73,750) TOTAL OTHER FINANONG SOURCES (USES)	 	$0	$0			($123,724)	1s123,724) 1 EXCESS OF REVENUES OVER (UNDER) EXPENDITURES	 	$0				!$516,597)			 FUND BALANCE, BEGINNING	 	$0			$1,509,759				
FUND BALANCE, ENDING	 	$0	$993,162	

4

Adopted	Prorated Budget	Actual
 	Budget	Thru  08/31/19	Thru  08/31/19	Variance	

REVENUE					
Assessments - On Roll	$230,130	$230,130	$233,993	$3,863	
Interest	$0	$0	$530	$530	
TOTAL REVENUE	 	$230,130	$230,130	$234,523		$4,393 I

EXPENDITURES		
Interest - 11/1	$89,025	$89,025	$89,025	$0	
Interest - 5/1	$89,025	$89,025	$89,025	$0	
Principal - 5/1	$50,000	$50,000	$50,000	$0	
TOTAL EXPENDITURES	 	$228,050	$228,050	$228,050		so I	
EXCESS OF REVENUES OVER (UNDER} EXPENDITURES	 	$2,080	$6,473		
FUND BALANCE, BEGINNING	 	$89 ,0 25	$204,370		
FUND BALANCE, ENDING	$91,105	$210,843	

5

DEBT SERVICE SERIES 2019
STATEMENT OF REVENUES & EXPENDITURES
For The Period  Ending  August 31, 2019

Adopted	Prorated Budget	Actual
 	Budget	Thru  08/31/19	Thru  08/31/19	Variance	

REVENUE

Bond Proceeds	$0	$0	$186,374	$186,374
Interest	$0	$0	$174	$174

TOTAL REVENUE	 	$0		$0	$186,548		s1s 6,54s 1

EXPENDITURES

Interest - 11/1	$0	$0	$0	$0
Interest - 5/1	$0	So	$0	$0
Principal - 5/1		$0	$0		$0		$0 TOTAL EXPENDITURES	 	$0	$0		$0		$0 I EXCESS OF REVENUES OVER (UNDER) EXPENDITURES	 	$0			$186,548			
FUND BALANCE, BEGINNING	 	$89,025	$0	

FUND BALANCE, ENDING	$89,025	$186,548

6

CAPITAL PROJECTS SERIES 2005, 2007, 2018 & 2019
STATEMENT OF REVENUES & EXPENDITURES
For The  Period  Ending  August 31, 2019

Series

Serles

Series

Series

 	2005	2007	2018	2019	Total	

REVENUE		

Interest	$7	$16	$7	$1,338	$1,368	
TOTAL REVENUE	 	$7	$16	$7	$1,338		$1,368 I

EXPENDITURES		
Bank Fees	$0	$275	$0	$0	$275	
Capital Outlay	$0	$0	$2,633	$2,353,186	$2,355,819	
Capital Outlay- COi	$73,750	$73,750	$0	$240,207	$387,707	

TOTAL EXPENDITURES	 	$73,750	$74,025	$2,633	$2,593,392	s2. 743,801 1

OTHER FINANCNG SOURCES		

Bonds Proceeds	$0	$0	$0	$3,043,626	$3,043,626	
Transfer In (Out)	$73,352	$73,750	$0	$0	$147,102	

TOTAL OTHER FINANCING SOURCES (USES)	 	$73,352	$73,750	$0	$3,043,626		$3,190,728 1

EXCESS OF REVENUES OVER (UNDER) EXPENDITURES	!$391)	!$259)	 	($2,626)	$451,572		$448,296 1
FUND BALANCE, BEGINNING	 	$397	$26,820	$2,627	$0		$29,844 I
FUND BALANCE, ENDING	 	$6	$26,560	$1	$451,572	$478,140 I

7

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

Proposed	Prorated Budget	Actual
 	Budget	Thru  08/31/19	Thru  08/31/19	Variance	

REVENUE		
Transfer In	$61,883	$0	$0	$0	
Interest	$0	$0	$6,936	$6,936	
TOTAL REVENUE	 	$61,883	$0	$6,936		$6,936 I

EXPENDITURES		
Miscellaneous Expense	$0	$0	$0	$0	
capital Outlay	$0	$0	$0	$0	
TOTAL EXPENDITURES	 	$0	$0	$0		so I	
EXCESS OF REVENUES OVER (UNDER) EXPENDITURES	 	$61,883	$6,936		
FUND BALANCE, BEGINNING	 	$141,158	$299,094		
FUND BALANCE, ENDING	$203,040	$306,030	

8

 	..	

WESTSIDE CDD
COMMUNITY DEVELOPMENT DISTRICT
Oct	Nov	Dec	Jan	,	...,	Ap<	May	Jun	Jv1	Sept	Total
=
Maintenance Assessments-On Roll		$0	$31,723	S167,157		$9,145	$19,205	Sl0,529	S18,232	S20,322	$29,463		$152		$0	$0 $305,928 Maintenance Assessments- Off Rot!	$34,103	$79,482          $119,658	$21.003		so     S35,609		$4,743	$56,925		$4,585			so     S21,003	so $377,111 MaintCNnce  Assessments- West Lucaya		so		so		$0			$0		so        51S7			SlS7		$1,627			$887	$1,183	$148	so $4,160 Interest lntome                                                               $1,030               $1,029               $1,140                $1,197                 $1,061               $1,175               $1,123               $1,151               $1,109               $1,125                $1,053                         so       $12,193 De....eloper Contribution                                                           $0                     $0                     $0                     $0                     so                     $0                     $0                     $0                     so                     so           so                       $0                     so Misc Revenue $0 so so $0 so so $0 $0 so so so $0 so
TOTAL REVENUE	S35,133          Sll2.233           $287,955	$31,345	$20,266	$47,471	$24,255	$80,026	$36,045	$2,.W	$22,204	so S699,393 I

EXPENP[URES

ADMINISTRATIVE
Supervisor Fees	S200	$400	$400	$0	$400	S400	$400	$0	S200	$400	$400	$0	S3,200
Fica Ewpense	S15	$31	$31	so	S31	$31	$31	$0	$15	$31	$31	so        $24S
Engineering Fees	$95	S95	$95	$9S	$190	$190	$119	so	$541	$214	$166	$0	$1,799
Legal Fees	S948	Sl,622	$1,719	$843	$1,568	$2,502	$2,572	$1,065	$1,436	$1,026	$844	$0	$16,146
Arbitraae	so	$0	$0	so	$0	S900	$0	$0	$0	so	$0	so	S900
Management Fees	S3,31S	$3,315	$3,315	S3,31S	$3,315	$3,315	$3,315	$3,315	S3,l1S	$3,315	$3,315	$0	$36,469
Information Technology		$Bl		583		S83		$83		S83		$83		S83		$83		$83		$83		$83	so		$917 Dissemination	$6,292	$292	S292	$292	$292	$292	S292	5583	$583	$58l	S583	so	$10,375
Trustee		$0	$0	so	so	$0	$3,717	$0	so	$0	$0	$0	$0	$3,717 Assessment Roll Services	$5,000	$0	$0	so	$0		so	$0	so	so	so	$0	$0	$5,000 Auditing Services		so	$0	$0	so	$0		$0                 so            $0                $3,825                 so                 $0                 $0              $3,825 Telephone                                                                                $0                     $8                   $0                     so                      $0                     $0                 SlS                      so            $0                     $0                   S13                     so           $36 Postage and Freight                                                         S334                 $127                      $2                  $113                   $99                      $5                  $147                  $19S                   $83                      $3                 $26S                     so        Sl,37S lnstr.tnc.e - General Uability $7,736 so so so so $0 so so so $0 $0 so s1.n•
Printing and Binding	$13	$29	$59	$156	$182	$4()	$22	$129	$44	560	$54	$0	$788
Legal Advertising	$643	$0	$211	$0	so	$0	S223	$0	$0	S57S	$0	$0	$1,651
Miscellaneous Services	SS6	$45	$43		$44	$202	$43	$48	$45	$63	$49	S52	$0	$688 Offioc Supplies		$8		$8	SlO		SlO		so	$10		so		$4	$10		so		$0	$0		$61 Property Appraiser's Fee		$0		so		so	ssss		$0		$0                 so                 so                 so                 $0                so            $0                ssss Property Taxes                                                                        $0                    $4                  50                    $0                   $0                  $0                  $0                    $0                    so                     so           so            $0                    $4 Dues,  Ucenses, Subscriptions                                     $175                   $0                 so                    $0                   so           $0                      $0                      $0                    $0                   so           so           $0              S17S Settlement Agreement Payments $0 $53,750 $0 $0 $0 $0 $0 $0 so so $0 $0 $53,750
TOTAL ADMINISTRATIVE	$24,912	$59,808	$6,261	$5,506	$6,363	S1 S28	S.1,,161	$5,420	$10,199	$6,340	$5,806	$0 s1•9.•11 1

OPERATIONS AND MAINTENANCE
Landscape Maintenance	$12,663	$12,663	$12,663	$12,663	SlZ,663	$12,663	$12,663	$12,663	S12,663	Sl2,66l	S12,663	$0	$139,288
lrrlgation Repairs		so		$0		so		so	Sl.034	S761	$0	$0	$783	so	$0	$0	$2,578 Plant Replacement		so		so		$0		so			$0			so	$0	$0		$0	so	so	$0		$0 Electric	$41	S26	$20	$27		S18		S29                    S26                    $24                    $20                    S2S                    S24                      $0              $282
Stn:etflghting	$4,383	$4,383	$4,383	$4,404	$4,392	$4,392	$4,390	$4, 390	SA.390	$4,390	$4,390	$0        $48,289
Irrigation Water	$2,413	$1,144	Sl,132	S2,953	$38	$90	$7,788	$6,375	S2,SS6	$3,248	$2,711	so     $32,450
Property Insurance	$923	$0	$0	$0	so	$0	$0	$0	so	$0	$0	$0	$923
Field MJnagement	$1,547	Sl,S47	Sl,547	$1,547	Sl,S47	St,547	Sl,547	$1,547	Sl,547	$1,547	$1,547	$0	Sl7,019
Lake & Wetland MalntenJncc	$97S		$975	S97S	$975		$97S	S975	S97S	$975	S97S	S97S	$97S	$0	$10,725 Misc. C.00tif1:ency		$0	$3,600		$11		$14	Sl,930		S3		so		$0		so		$0		$0	so		$5,558 Stormwater/lake Repair		$0			so			so			$0			$0		so           so           so               so           $0                so           $0                $0 Transfer Out                                                                                                so                     so           $0                      $0                      $0                  $0                     so           so            $0                  so           so            $0                     $0
TOTAl OPERATIONS ANO MAINTENANCE	 $22,945	$24,338	S22,732	S22,583	$22,596	SJ0,460	W  ,389	$25,974	S22,934		$22,848	$22,310		so szs1.110 I TOTAL EXPENDm.JRES	 $47,857	$84,146	$28,992	$28,089	$28,960           SJU88	Sl .6>6	$31,394	$33,133		$29,188	$28,117		$0 $406,s21 J EXCESS OF REVENUES OVER (UNDER) EXPENDOURESI    (S12,724}	$28,087          $258,963		$3,256	1$8,693}           $15,483         1,10.•oll	$48,632		$2,912	($26,728}	1$5,913}	$0 S292,872 I

9

SERIES 2005, SPECIAL ASSESSMENT REVENUE BONDS	
INTEREST RATE:	5.65%	
MATURITY DATE:	5/1/2037	
RESERVE FUND DEFINITION	MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$805,094	
RESERVE FUND BALANCE	$102,027	

BONDS OUTSTANDING- 9/30/13	
$17,050,000	
LESS: PRINCIPAL PAYMENT S/1/14	$0	
LESS: PRINCIPALPAYMENT5/1/15	$0	
LESS: PRINCIPAL PAYMENT 4/1/16	($255,000)	
LESS: PRINCIPAL PAYMENT 9/21/18 (PREPAYMENT)	($1,790,000)	
LESS: PRINCIPAL PAYMENT 4/4/19	($1,850,000)	
LESS: PRINCIPAL REDUCTION BIFURCATION 4/18/19	($3,425,000)	
LESS: SERI ES 2005-1	($6,945,000)	
LESS: SERIES 2005-2	($2,285,000)	
CURRENT BONDS OUTSTANDING	$500,000	

SERIES 2005-1, SPECIAL ASSESSMENT REVENUE BONDS	
INTEREST RATE:	5.65%	
MATURITY DATE:	5/1/1937	
RESERVE FUND DEFINITION	50% MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$304,436	
RESERVE FUND BALANCE	$304,436	

BONDS OUTSTANDING - 4/18/19	
$6,945,000	
LESS: PRINCIPAL PAYMENT 5/1/19	($120,000}	
CURRENT BONDS OUTSTANDING	$6,825,000	

SERIES 2005-2, SPEOALASSESSMENT REVENUE BONDS	
INTEREST RATE:	5.65%	
MATURITY DATE:	5/1/2037	
RESERVE FUND DEFINITION	50% MAXI MUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$100,342	
RESERVE FUND BALANCE	$100,342	

BONDS OUTSTANDING - 4/18/19	
$2,285,000	
LESS: PRINCIPAL PAYMENT 5/1/19	($40,000)	
CURRENT BONDS OUTSTANDING	$2,245,000	

10

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	$700,100	
RESERVE FUND BALANCE	$37,756	

BONDS OUTSTANDING- 9/30/13	
$17,340,000	
LESS: PRINCIPALPAYMENT5/l/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)	
LESS: PRINCIPAL PAYMENT 4/4/19	($1,550,000)	
LESS: PRINCIPAL REDUCTION BIFURCATION 4/18/19	($6,210,000)	
LESS: SERIES 2005-1	($6,610,000)	
LESS: SERIES 2005-2	($715,000)	
CURRENT BONDS OUTSTANDING	$500,000	

SERIES 2007-1, SPECIAL ASSESSMENT REVENUE BONDS	
INTEREST RATE:	7.20%	
MATURITY DATE:	5/1/2038	
RESERVE FUND DEFINITION	50% MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$316,660	
RESERVE FUND BALANCE	$316,660	
BONDS OUTSTANDING-4/18/19	
$6,610,000	
LESS: PRINCIPAL PAYMENT 5/1/19	($90,000)	
CURRENT BONDS OUTSTANDING	$6,S20,000	

11

SERIES 2007-2, SPECIAL ASSESSMENT REVENUE BONDS	
INTEREST RATE:	7.20%	
MATURITY DATE:	5/1/2038	
RESERVE FUND DEFINITION	50% MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$36,260	
RESERVE FUND BALANCE	$36,260	

BONDS OUTSTANDING-4/18/19	
$715,000	
LESS: PRINCIPAL PAYMENT 5/1/19	($10,000)	
CURRENT BONDS OUTSTANDING	$705,000	

SERIES 2018, SPEOALASSESSMENT REVENUE BONDS	
INTEREST RATE:	5%- 5.2%	
MATURITY DATE:	11/1/2048	
RESERVE FUND DEFINITION	MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$115,065	
RESERVE FUND BALANCE	$115,065	
BONDS OUTSTANDING- 2/27/18	$3,490,000	
LESS: PRINCIPAL PAYMENT 5/1/19	($50,000)	
CURRENT BONDS OUTSTANDING	$3,490,000	

$3,230,000

CURRENT BONDS OUTSTANDING

$3,230,000

BONDS OUTSTANDING-4/4/19

3.62S%- 4.85%
5/1/ 2049
SO% MAXIMUM ANNUAL DEBT SERVICE
$101,595
$101,S95

INTEREST RATE: MATURITY DATE:
RESERVE FUND DEFINITION
RESERVE FUND REQUIREMENT RESERVE FUND BALANCE

SERIES 2019, SPECIAL ASSESSMENT REVENUE BONDS

12

SPECIAL ASSESSMENT RECEIPTS - FY2019 TAX COUECTOR
Gross Assessments   $    1,223,741   $	319,753   $	294,300   $	365,000   $	244,688
Net Assessments    $     1,150,316    $	300,567   $	276,642   $	343,100   $	230,007
2005	2007	2018
Cate	Gross Assessments	Dlnounts/	Commissions	Interest	Net Amount	General Fund     Debt Svc Fund    Debt Svc Fund    Debt Svc Fund	Total
Received	Dist.	Received	Penalties	Paid	Income	Received	26.13%	24.05%	29.83%	20.00%	1001'

11/9/18	ACH	$	6,983.11    $	348.78    $	139.65    $	$	6,494.68    $	1,697.00    $	1,561 .92    $	1,937.14    $	1,298.62    $	6,494.68
11/26/18	ACH	$	122,142.92   $	4,787.76   $	2,442.91   $	$   114,912.25    $     30,025.55    $     27,635.50    $     34,274.40    $     22,976.81    $  114,912.25
12/10/18	ACH	s	640,469.26     $	25,616.23    $	12,297.06     s	s  602,555.97     $   157,442.52    s  144  ,90  9 .99      $    179,  721.87     s  1 20,481.60    s 602,555.97
12/12/18	ACH	$	303.71    $	4.55    $	5.99    $	$	293.17     $	76.60    $	70,51    $	87.44    s	58.62    $	293.17
12/21/18	ACH	$	38,9S6.80    $	1,318.00    $	752.78    $	$     36,886.02    s	9,637.99    $	8,870.80     $     11,001.84     $	7,375.39     $     36,886.02
1/11/19	ACH	$	$	$	$	188.31    $	188.31    $	49.20    $	45.29    $	56.17    $	37.65    $	188.31
1/11/19	ACH	$	2,177.48     $	60.02    $	42.34    s	$	2,075.12    $	542.21    $	499.05     $	618.94      $	414.92    s	2,075.12
1/11/19	ACH	s	34,437.05     $	1,033.09     $	668.08    s	$     32 ,73S. 88    s	8,553.59     $	7,872 .72    $	9,763 .99     $	6,545.57     $       32,735.88
2/13/19	ACH	$	433.27    $	12.74    $	8.67    $	s	411.86    s	107.62    s	99.05    $	122.84    $	82.35    s	411.86
2/13/19	ACH	s	76,209.20     $	1,595.95     $	1,524.18    s	$       73,089.07     s   19,097.52     s   17,577    . 35      $       21,799.97     s   14,614.22     $  73,089.07
3/11/19	ACH	$	41,568.90     $	449.78    s	822.38     $	$      40,296.74     s   10,529.18    s	9,691   .05      $    12,019.14    $	8,057.37      $      40,296.74
4/9/19	ACH	$	68,933.75    $	48.27    $	1,378.68    $	$      67,506.80     $     17,638.93    $      16,234 .86     $      20,134.97     $      13,498.04     $   67,506.80
4/9/19	ACH	s	2, 230.80     $	$	44.63     $	$	2,186.17      $	571.23    $	525.76     $	652.06     $	437.13    s	2,186.17
4/12/19	ACH	$	$	$	s	84.18   $	84.18    $	22.00    $	20.24    $	25.11    $	16.83    $	84.18
5/15/19	ACH	$	78,308.26    $	$	1,566.17    $	$      76,742.09     $      20,052.03    $      18,455.87     s    2 2,889.54     $      15,344.65    $  76,742.09
5/15/19	ACH	$	1,054.97    $	$	21.09    $	$	1,033.88    $	270.14    $	248.64    $	308.37    $	206.73   s	1,033.88
6/14/19	ACH	s	14,616.67     s	$	292.33    $	s   14,3  24.34    $	3,742.82     $	3,444.89     s	4,272.46     $	2,864.16     $       14,324.34
6/14/19	ACH	$	312.96    s	$	6.26    s	s	306 .70    s	80 .14    $	73.76     $	91.48    s	61 .32    $	306.70
6/18/19	ACH	s	100,129.65    $	$	2,002.60    $	$     98,1  27.05     $      25,639.73     $      23,598.79     $      29,267.95     $      19,620.59     $  98,127.05
7/15/19	ACH	s	$	s	$	151.63    $	151.63    s	151 .63    s	s	s	$	151.63
 	Totals	s   1,229,268.76    $	35,275.17    $	24,015.80    $	424.12     $1,170,401.91	305,927 62     $    281,436.02     $    349 ,045 69	233,992.58   $ 1,170,401.91 DIRECT ASSESSMENTS
BOANERGE LLC	185,092.20	$     34,906.52    $    110,920.00    $    39,265.68

DATE	DATE	Check	NET AMOUNT	NET AMOUNT  GENERAL FUND  SERIES 2005 - 2 SERIES 2007 - 2

s

RECEIVED	DUE	Num	ASSESSED	RECEIVED

5/24/19	11/1/18	Wire	s	9 2,546.10	92,  546.10      $      17,453.26     $       55,460.00      $   19,632.84
5/24/19	2/1/19	Wire	$	46,273 .05     $     46,273.05   s	8, n  6.63     $     27,730  . 00    $	9,816.42
5/24/19	5/1/19	Wire	$	46,273.05    s   46,273.05    $	8,726 63     $      27,730 00    $	9,816.42
5£24l19	5/31/19	Wire	s	7,866.42    s	7,866.42    $	7,866.42    $	s
$	192,958.62 $ 192,958.62 $ 42,772.94 $ 110,920.00 $ 39,265.68

BR GRAND AT WESTSIDE DST	$	48,514.15	$      48,514.15    $	$

DATE	DATE	C,eck	NET AMOUNT	NET AMOUNT GENERAL FUND SERIES 2005	SERIES 2007
RECEIVED	DUE	Num	ASSESSED	RECEIVED

10/29/18	11/1/18	947	s	24,257.08    $     24,257.08    $    24,257.08   s	$
3/11/19	2/1/19	1218	$	12,128.54    $     12,128 .53    $     12,128 .53    s	s
5/1/19	$	12,128.54     s	s	$	$
$	48,514,16     f   36,38S.61      $    36,3BS.61   $	$
DR HORTON	$	84,012.31	$     84,012.31   $	$

DATE	DATE	Ched<	NET AMOUNT	NET AMOUNT GENERAL FUND SERIES 2005	SERIES 2007 RECEIVED		DUE		Num		ASSESSED		RECEIVED
11/1/18	11/1/18	827916	$	42,006.16    $     42,006.16    $    42,006.16   $	$
1/28/19	2/1/19	868895	s	21,003   .08      $      21,003.08    $   21,003.08   $	$
8/15/19	5/1/19	958719	s	21,003.08     $      21,003.08     $    21,003.08    $	s
$	84,012.32     $      84,012.32    $   84,012.32    $	$

GOLDEN CAY LLC			$		91,611.84		18,340.72  $  52,640.00   $   20,631.12 DATE	DATE	Check		NET AMOUNT	NET AMOUNT GENERAL FUND SERIES 2005 • 1 SERIES 2007 - 1
RECEIVED	DUE	Num	ASSESSED	RECEIVED

s

11/8/18	11/1/18	1091	$	45,805.92    $    45,805.92   $	9,170.36    $     26,320 .00    $   10,315.56
3/15/19	2/1/19	1118	22,902.96     s  22,902.96    $	4,585.18   $     13,160 .00    $	5,1$7.78
6/7/19	5/1/19	1153	$	22,902.96     s   22,902.96    s	4,58.5,18    $      13,16,0 QO    $	51].57.78
Total	$	91,611.84     $      91,611.84     $      18,340.72    $      52,640.00     $   20,631.12

LAND ACQUISITION ONE UC	$	43,485.25	$     43,485.25   $	$

s	s

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

s

11/8/18	11/1/18	8892	$	21,742.62   $    21,742.62	21,742.62	$
3/6/19	2/1/19	10633	$	10,871.31	10 ,871  .31     $   10,871.31   $	s
5/ 20/ 19	5/1/19	12834	s	10,871  .31    s  10 , 871.31	s   10 .   n. 31     $	s

Total	$	43,485.24    $      43,48S.24    $    43,485.24   $	$

13

SPEOAL ASSESSMENT  RECEIPTS - FY2019

WESTSIDE CDD HO LDINGS, INC.	$	119,6S838	$   119,658.38     $	$

DATE	DATE	01eck	NET AMOUNT	NET AMOUNT  GENERAL FUND SERIES 200S	SERIES 2007 RECEIVED	DUE	Num		ASSESSED		RECEIVED

12/11/18	11/1/18	9918205434	$	59,829.19     $      59,829.10    $    59,829.10    $	$
12/11/1 8	2/1/19	9918205434	$	29,914.60    $     29,914.60    $    29,914.60   $	$
12/llllS	5/1/19	9918205434	$	29,914.60    $      29,914.30    $   29,914,.30    $	s
Total	$	119,658.39    $   119,658.00    $  119,658.00   $	$

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

DATE	DATE	Check	NET AMOUNT	NET AMOUNT	GENERAL FUND	SERIES 2005	SERIES 2007	
RECEIVED	DUE	Num	ASSESSED	RECEIVED				
10/19/18	11/1/18	8481	$	9,485.73   $	9,845.73   $	9,845.7·3     $	$
3/6/19	2/1/19	10633	s	4,74 2.87   $	4,742.87    s   -4,742.87    $	s
4/25/19	5/1/19	12187	s	4,74 2.87   $	4 742.87   $	4,742.87    $	$
Total	$	18,971.47    $     19,331.47    $   19,331.47   $	$

LAND ACQUISITION ONE LLC	$	13,124.79	$     13,124.79     $	$

DATE	DATE	Check	NET AMOUNT	NET AMOUNT  GENERAL FUND SERIES 200S	SERIES 2007
RECEIVED	DUE	Num	ASSESSED	RECEIVED

11/8/18	11/1/18	8892	$	6,562.39   $	6,562.39   $	6,S62.39   $	$
3/6/19	2/1/19	10633	$	3,281.20   $	3,281.20   $	3,281.20   $	$
5/20/19	5/1/19	12834	s	3 , 281.20    s	3,281.20     $	3,281.20     $	s
Tota l	$	13,124.79    $     13,124.79     $     13,124.79    s	$
PULTE HOME CORP				126,483.58		$   94,705.00   $    31,778.58 DATE	DATE	Check	NET AMOUNT	NET AMOUNT GENERAL FUND SERIES 2005-1 SERIES 2007-1
RECEIVED	DUE	Num	ASSESSED	RECEIVED
5/3/19	5/1/19	91277166	$	126,483.58    s 1 2 6,4 83 .58	s 94 <705. cio $ 31,778 , 58	
Total			$	126,483.58   $   126,483.58	$ 94,705.00 $ 31,778.58	
MATTAMY ORLANDO, LLC			$		1 75,641.00		$ 175,641.00 DATE	DATE	Check		NET AMOUNT	NET AMOUNT GENERAL FUND SERIES 2005 SERIES 2007-1
RECEIVED	DUE	Num	ASSESSED	RECEIVED

5/6/19	5/1/19	12558	175,641.00    $   175 641.00   $	$	s 175641-tiO
Total	175,641.00    $   175,641.00    $	$	$  175,641.00

$

$

-

SUMMARY	
	TOTAL	GENERAL FUND	SERIES 2005	SERIES 2007	SERIES 2018	
TAX ROLL ASSESSED AMOUNT	$	920,309.36	$ 300,567.36	$ 276,642.00	$ 343,100.00	$ 230,006.72	
DIRECT BILLED AMOUNT	$	906,594.97	$ 381,013.59	$ 258,265.00	$ 267,316.38	$	
TOTAL	$	1,826,904.33	$ 681,580.95	$ 534,907.00	$ 610,416.38	$ 230,006.72	
TAX ROL L ASSESSMENTS aJLLECTED	$	1,170 ,401 .91	$ 305,927.62	$ 281,436.02	$ 349,045.69	$ 233,992.58	
BOANERGE LLC	$	192,958.62	$ 42,772.94	$ 110,920.00	$ 39,265.68	$	
BR GRAND AT WESTSIDE DST	$	36,385.61	$ 36,385.61	$	$	$	
DR HORTON	$	84,012.32	$ 84,012.32	$	$	$	
GOLDEN CAY LLC
LAND ACQUISITION ONE LLC	$	91,611.84
$	43,485.24	$     18,340.72
$     43,485.24	$ 52,640.00
$	$ 20,631.12
$	$	
WESTSIDE COO HOLDIN GS, INC.	$	119,658.00	$ 119,658.00	$	-	$	$	
MATTAMY ORLAN DO LLC	$	19 ,331.47	$ 19 , 331.47	$	$	$	
LAND ACQUISITION ONE LLC	$	13,124.79	$ 13,124.79	$	$	s	
PULTE HOME CORP	$	126,483.58	$	$ 94,705.00	$ 31, 778.58		
MATTAMY ORLANDO LLC	$	175,641.00	$	$	$ 175,641.00	$	

DIRECT BILL ASSESSMEN TS COLLECTED	
$	902,692.47	
$ 377,111.09	
$ 2S8,265.00	
$ 267,316.38	
$	
TOTAL ASSESSMENTS COLLECTED	$	2 ,073 ,094 .38	$ 683,038 .71	$ S39,701.02	$ 616,362.07	$ 233,992.58	

VARIANCE	$	1246,190.05)   $	ll.4 57.761  $	14,794 . 02 1 $ l5,94S.69I $ 13,985.86)	

14

Date Fiscal Year 2018
2/27/18

Re quisition #	Contractor	Desc ription	Requisiti on

Matta my Oria ndo LLC	Reimburse Developer for construction related costs	$ 2,973,656.67

TOTAL	$ 2 973,656.67

Fiscal Year 2018		
6/4/ 18	Transfer from COi		$	2,625.42	
7/1/18	Interest		$	0.49	
8/1/18	Interest		$	0.67	
9/1/18	Interest		s	0.67	
	TOTAL		$	2,627.25	

Project (Construction) Fund at 2/27/18	

$ 2,973,656.67	
		Interest Earned thru 09/30/18	$	2,627.25	
		Requisitions Paid thru 09/30/18	$ (2,973,656.67)	
		Remaining Pro)ect (Construction) Fund	   $	2,627.25 	

Date	Requisition#	Contractor	Desc r1  fo n	Requisition Fiscal Year 2019
8/29/ 19	Govemmenta1 Mana gementServices   Invoice 331- Construction Management	$	2,633.16

TOTAL	$	2,633.16

Fiscal Year 2019
10/1/18	Interest	$	0.65
11/1/18	Interest	$	0.67
12/1/18	Interest	$	0.65
1/1/19	Interest	$	0.67
2/1/19	Interest	$	0.67
3/1/19	Interest	$	0.61

s

4/1/19	Interest	$	0.67
5/1/19	Interest	0 .65
6/1/19	Interest	$	0.67
7/1/19	Interest	$	0.65
8/1/19	Interest	$	0.56
TOTAL	$	7.12
Project {Construction) Fund at 9/30/18	$	2,627.25 Interest  Earned thru 08/31/19	$		7.12
Requisitions  Paid thru 08/31/19	$	(2,633.16)
Remaining Project (Construction) Fund	 $	1.21 

15

Date	Requisition#	Contractor	Description	Requisition Fiscal Year 2019

5/21/19
8/29/19
8/29/19

Mattamv Orlando , LLC
Hanson Walter & Ass ociates, Inc.
Governmental Management Services

Solara Phase 2a       Reimburse Developer for constr uction related cost s
Project Construction Engineering Se rvices Invoice 332 • Construction Management

$   2,347,833.16
$	1,852.50
S	.soo.oo

	TOTAL		$ 2,353,185.66	

Fiscal Year 2019				
5/1/19	Interest		$	620.79	
6/1/19	Interest		$	500.65	
7/1/19	Interest		$	111.12	
7/11/19	Transfer from Cost of Issuance		$	6,020.75	
8/1/19	Interest		$	96.58	
	TOTAL		$	7,349.89	
		
Project (Construction} Fund at 4/4/19	
$ 2,797,407.92	
		Interest Earned thru 08/31/19	$	7,349.89	
		RequlslUons Paid thru 08/31/19	$ (2,353,185.66)	
		Remaining Project (Construction) Fund	   $	451,572.15 	

16

S ECTION 3

Westside CDD FY 2019

District
Westside

Landownder
Westside COD Holdings

Total O & M	Total Debt
$119,658

Total Due
$0	$119,658

O&M

Debt

Total

Paid

Total

S119,6SB.3B

$0.00

$119,658.38

DR Horton

$84,012

$0

$84,012

O&M

Debt

Total

Paid

Total

$84,012.31

$0.00

$84,012.31

Golden Cay LLC
07-25-27-5461·000 l·OODO

$18,341

$73,271

$91,612

O&M

Debt

Total

2005	$52,640
2007	$20,631

Nov Feb May Total

$9,170.36
$4,585.18
$4,585.18
$18,340.72

$36,635.56
$18,317.78
$18,317.78
$73,271.12

Paid
$45,805.92  Paid 11/8/18
$22,902.96  Paid 3/11/19
$22,902.96  Paid 6/3/19
$91,611.84

SR Grand at Westside
06·25·27-5474·0001-0030

$48,514

$0

$48,514

O&M

Debt

Total

2005	$0
2007	$0

Nov Feb May Total

$24,257.08
$12,128.54
$12,128.54
$48,514.15

$0.00
$0.00
$0.00

$0.00

Paid
$24,257.08 Paid 10/29/18
$12,128.54 Paid 3/12/19
$12,128.54 Paid 9/6/19
$48,514.15

O&M

Debt

Total

Land One Acquisition
1825273160000B0110

$43,485

$0

$43,485

2005
2007

$0
$0

Nov Feb May Total

$21,742.63
$10,871.31
$10,871.31
$43,485.25

Paid
$21,742.63 Paid 11/8/18
$10,871.31 Paid 2/4/19
$10,871.31 Paid 5/20/19
$43,485.25

Total

$13,124 .79

$13,124.79

O&M

Debt

Total

Paid

Boanerge
07·25-27-5461-0001·0015

Direct Bill Status

18-25-27·3160-000A·OOBO			Nov	$59,829.19	$0.00	$59,829.19 Paid@ Closlng-12/11/18	
(Former Falrwinds)	2005	$0	Feb	$29,914.60	$0.00	$29,914.60 Paid@ Closing -11/11/18	
	2007	$0	May	$29,914.60	$0.00	$29,914.60 Paid@ Closing-12/11/18	

18-25-27·3160·0008·0040			Nov	$42,006.16	$0.00	$42,006.16 Paid 11/1/19	
	2005	$415,856	Feb	$21,003.08	$0.00	$21,003.08 Paid 1/29/19	
	2007	$135,432	May	$21,003.08	$0.00	$21,003.08 Paid 8/15/19	

Mattamy	$18,971		$0	$18,971		O&M		Debt	Total	Paid	
18-25-27-4941-0001-FD!O					Nov		$9,485.74			$9,485.74 Paid 10/17/18	
		2005	$0.00		Feb		$4,742.87			$4,742.87 Paid 2/4/19	
		2007	$0.00		May
Total	$4,742.87
$18,971.47			$4,742.87 Paid 4/18/19
$18,971.47	
Land One Acquisition	$13,125		$0	$13,125		O&M		Debt	Total	Paid	
19-25-27·3160-0008·0030					Nov		$6,562.40			$6,562.40 Paid 11/8/18	
		2005	$0.00		Feb		$3,281.20			$3,281.20 Paid 2/4/19	
		2007	$0.00		May		$3,281.20			$3,281.20 Paid 5/20/19	

Nov	$17,453.26	$75,092.84	$92,546.10 Paid 5/24/19	
O&M	$34,907	Feb	$8,726.63	$37,546.42	$46,273.05 Paid 5/24/19	
2005 Debt	$110,920	May	$8,726.63	$37,546.42	$46,273.05 Paid 5/24/19	
2007 Debt	$39,266				$185,092.20