VillaMar Community Development District

Agenda February 6, 2019

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January 30, 2019
Board of Supervisors VillaMar

VillaMar
Community Develop1nent District
135 W. Central Blvd., Suite 320, Orlando, Florida 32801
Phone: 407-841-5524 - Fax: 407-839-1526

Community Development District
Dear Board Members:
The regular meeting of the Board of Supervisors of VillaMar Community Development District will be held Wednesday, February 6, 2019 at 9:15 AM at 346 E Cenb·al Ave., Winter Haven, Florida 33880. Follo'wing is the advance agenda for the meeting:

Roll Call
Public Comment Period (

1Speakers will fill out a card and submit it to the District Manager

prior to the beginning of the meeting)
Approval of Minutes of the January 16, 2019 Board of Supervisors Meeting and Acceptance of the Minutes of the January 16, 2019 Landowners' Meeting
Public Hearing
Public Hearing on the Imposition of Special Assessments
Consideration of Resolution 2019-32 Equaliz.ing, Approving, Confirming, and Levying Special Assessments on Property Specially Benefited by the District's Improvements
Consideration of RFP for Construction Services for Master Project Improvements (Phase 2)
Staff Reports
Attorney
Engineer
District Manager's Report
Discussion Regarding Opening of Bank Account
Other Business
Supervisors Requests and Audience Comments
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. Speakers must fill out a Request to Speak form and submit it to the District Manager prior to the beginning of the meeting.
The third order of business is the approval of the minutes of the January 16, 2019 Board of Supervisors meeting and acceptance of the minutes of the January 16, 2019 landowners' meeting. The minutes are enclosed for your review.
The fourth order of business opens the Public Hearing. Section A is the public hearing on the imposition of special assessments. Sub-Section 1 is the consideration of Resolution 2019-32 equalizing, approving,

1 Comments will be limited to three (3) minutes

confirming, and levying special assessments on property specifically benefited by the District's improvements. A copy of the rules are encl<:>sed for your review.
The fifth order of business is the consideration of RFP for construction services for master project
improvements (phase 2). Supporting documentation is enclosed for your review.
The eighth order of business is staff reports. Section C is the District Manager's report. Sub-Section 1 includes the discussion regarding opening the bank account. There is no supporting documentation.

The balance of the agenda will be discussed at the meeting. In the meantime, if you should have any questions, please do not hesitate to contact me.
Sincerely, Jill Bums
District Manager
CC:	Roy Van Wyk, District Counsel Enclosures

MINUTES

MINUTES OF MEETING VILLAMAR
COMMUNITY DEVELOPMENT DISTRICT

The Regular Meeting of the Board of Supervisors of the VillaMar Commwiity Development District was held on Wednesday, January 16, 2019 at 11 :40 a.m. at 346 E Central Ave, Winter Haven, Florida.

Present and constituting a quorum were:

Rennie Heath Joel Adams Phillip Allende Lauren Schwenk
Andrew Rhineheart
Also, present were: Jill Burns
Roy Van Wyk
Michelle Rigoni Dennis Wood Drew White

Chairman Vice Chairman
Assistant Secretary Assistant Secretary Assistant Secretary

District Manager District Counsel
District Counsel (via phone) District Engineer Developer's Office

The following is a summary of the discussions and actions taken at the January 16, 2019 VillaMar Community Development District's Regular Board of Supervisor's Meeting.

FIRST ORDER OF BUSINESS	Roll Call
Ms. Bums called the meeting to order and noted that a quorum was established.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Burns noted there were no members of the public present.

THIRD ORDER OF BUSINESS	Organizational Matters
Administration of Oaths of Office to Newly Elected Board Members
Ms. Burns swore in the supervisors that were elected at the Landowners' Election.

January 16, 2019	VillaMar CDD

	Consideration of Resolution 2019-27 Canvassing and Certifying the Results of the Landowners' Election
Ms. Bums noted that Joel and Rennie would serve four-year terms and Andrew, Lauren, and Joel will serve two-year terms.

On MOTION by Mr. Heath, seconded by Mr. Allende, with all in favor, Resolution 2019-27 Canvassing and Certifying the Results of the Landowners' Election, was approved.

Election of Officers
The next item followed.

Consideration of Resolution 2019-28 Electing Officers
Ms. Burns noted that the previously elected supervisors were Rennie Heath as Chairman, Lauren as Vice Chairman, Jill Burns as Secretary, Andrew, Joel, and Phillip as Assistant Secretaries, Ariel Lovera as Treasurer and Jill Burns as Assistant Treasurer. The Board opted to keep the officers outlined above.

On MOTION by Mr. Allende, seconded by Mr. Rhineheart, with
  all in favor, Resolution 2019-28 Electing Officers was approved.	

FOURTH ORDER OF BUSINESS	Approval of Minutes of the December 5,
2018 Meeting
Ms. Burns asked for questions, comments, and corrections to the minutes. The Board reviewed the minutes and there were no corrections.

On MOTION by Mr. Heath, seconded by Mr. Rhineheart, with all in favor, the Minutes of the December 5, 2018 Meeting, was approved as presented.

FIFTH ORDER OF BUSINESS

Consideration of Resolution 2019-29 Amending Resolution 2019-26 Re-Setting the Public Hearing on Special Assessments

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January 16, 2019	VillaMar CDD

Ms. Burns noted there was confusion with the paper and the ad did not run in time for the previously selected public bearing date, but it will not delay the bond validation hearing. The suggested date for the public hearing is February 6th at 9: 15 a.m.
On MOTION by Mr. Schwenk, seconded by Mr. Rhineheart, with all in favor, Resolution 2019-29 Amending Resolution 2019-26 Re-Setting the Public Hearing on Special Assessments, was approved,

SIXTH ORDER OF BUSINESS	Public Hearings

On MOTTON by Mr. Heath, seconded by Mr. Allende, with all in favor, the public hearing was opened.

Ms. Burns noted there were no members of the public present and asked for a motion to close the public hearing.

Public Hearing on Adoption ofDistrict Rules of Procedure

On MOTION by Mr. Adams, seconded by Mr. Rhineheart, with all in favor, the public hearing was closed.

Consideration of Resolution 2019-30 Adopting Rules of Procedure
Ms. Burns noted these had not changed from the previous version the Board had reviewed.

On MOTION by Mr. Adams, seconded by Mr. Heath, with all in
favor, Resolution 2019-30 Adopting Rules of Procedure, was approved,

Public Hearing on District's Use of the Uniform Method of Levying,
Collection, & Enfo1·ccment of Non Ad-Valorem Assessments

On MOTTON by Mr. Heath, seconded by Mr. Allende, with all in favor, the public hearing was opened.

On MOTION by Ms. Schwenk, seconded by Mr. Adams, with all in favor, the public hearing was closed.

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January 16, 20 I 9	VillaMar CDD

Consideration of Resolution 2019-31 Expressing the District's Intent to Utilize the Uniform Method of Collection
Ms. Burns explained this resolution would authorize the District to use the Polk County tax bill to collect assessments, but it does not obligate the Board to do so.

On MOTION by Mr. Heath, seconded by Mr. Allende, with all in fav or, Resoluti on 2019-31 Expressing the District's Intent to
  Utilize the Uniform Method ofCollection, was approved.	

SEVENTH ORDER OF BUSINESS	Ranking	of	Proposals	for	District
Engineering Services	and Selection of District Engineer
Ms. Burns noted they received one proposal from Wood & Associates Engineering. She reviewed and recommended the Board rank Wood & Associates number one and authorize counsel to draft and agreement and authorize the Chairman to execute once drafted.

On MOTION by Mr. Adams, seconded by Mr. Allende, with all in favor, Ranking Wood & Associations Engineering as Number One, was approved.

EIGHTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Van Wyk noted the bond validation hearing is set for February 141h.

Engineer
There being none, the next item followed.

District Manager's Report
Ms. Burns noted the next meeting will be February 6th at 9:15 a.m.

NINTH ORDER OF BUSINESS	Other Business
Ms. Burns asked for any other comments or questions.

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January 16, 2019

TENTH ORDER OF BUSINESS

VillaMar CDD

Supervisors	Requests	and	Audience Comments

Ms. Burns asked for supervisor requests, there being none the next item followed.

ELEVENTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Heath, seconded by Mr. Rhineheart, with all
  in favor, the meeting was adjourned.	

Secretary/Assistant Secretary	Chainnan/Vice Chairman

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SECT-ION IV

SECTION A

SECTION	1

RESOLUTION 2019-32
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VILLAMAR COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING DISTRICT PROJECTS  FOR CONSTRUCTION AND/OR ACQUISITION OF INFRASTRUCTURE IMPROVEMENTS; EQUALIZING, APPROVING, CONFIRMING, AND  LEVYING SPECIAL ASSESSMENTS ON PROPERTY SPECIALLY BENEFITED BY SUCH PROJECTS TO PAY THE COST THEREOF; PROVIDING FOR THEPAYMENT AND THE COLLECTION OF SUCH SPECIAL ASSESSMENTS BY THE METHODS PROVIDED FOR BY CHAPTERS 170, 190, AND 197, FLORIDA STATUTES; CONFIRMING THE DISTRICT'S INTENTION TO ISSUE SPECIAL ASSESSMENT BONDS; MAKING PROVISIONS FOR TRANSFERS OF REAL PROPERTY TO GOVERNMENTAL BODIES; PROVIDING FOR THE RECORDING OF AN ASSESSMENT NOTICE; PROVIDING FOR SEVERABILITY, CONFLICTS AND AN EFFECTIVE DATE.

RECITALS
WHEREAS, VillaMar Community Development District ("District'') previously indicated its intention to constructcertain types ofinfrastructure improvements and tofinance such infrastructure improvements through the issuance of bonds, which bonds would be repaid by the imposition of special assessments on benefited property within the District; and
WHEREAS, the District Board of Supervisors ("Board") noticed and conducted a public hearing pursuant to Chapters 170. 190, and 197. Florida Statutes, relating to the imposition, levy, collection and enforcement of such assessments.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE VILLAMAR COMMUNITY DEVELOPMENT DISTRICT AS FOLLOWS:
SECTION 1. AUTHORITY FOR THIS RESOLUTION. This Resolution is adopted pursuant to Chapters 170, 190, and 197, Florida Statutes, including without limitation, Section 170.08, Florida Statutes.
SECTION 2. FINDINGS. The Board hereby finds and determines as follows:
The District is a local unit of special-purpose government organized and existing under and pursuant to Chapter 190, Florida Statutes, as amended.

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The District is authorized by Chapter 190, Florida Statutes. to finance, fund, plan, establish, acquire, install, equip, operate, extend, construct, or reconstruct stormwater management facilities; roadways; water and wastewater facilities; off-site improvements (tum lanes); electrical utilities (street lighting); entry features and sig11age; parks and amenities; and other infrastructure projects and services necessitated by the development of, and serving lands within, the District, together the "Improvements."

The District is authorized by Chapter 190, Florida Statutes, to levy and impose special assessments to pay all, or any part of, the cost of such infrastructure projects and services and to issue special assessmentbonds payable from such special assessments as provided in Chapters 170, 190, and 197, Florida Statutes.
It is necessary to the public health, safety and welfare and in the best interests of the District that (i) the District provide the capital improvements ("Capital Improvements"), the nature and location ofwhich was initially described. in Resolution 2019-25 and is shown in the Engineer's Report for Capital Improvements, dated January 3, 2019 (the "Engineer's Report") (attached as Exhibit A hereto and incorporated herein by this reference), and which the plans and specifications are on file at the office of the District Manager c/o Governmental Management Services-Central Florida. LLC, 135 W. Central Boulevard, Suite 320, Orlando, Florida 32801 ("District Records Offices"); (ii) the cost of such Capital Improvements be assessed against the lands specially benefited by suchCapital Improvements; and (iii) theDistrict issue bonds to provide funds for such
purposes pending the receipt of such special assessments.

The provision of said Capital Improvements, the levying of such Assessments (hereinafter defined) and the sale and issuance of such bonds serves a proper, essential, and valid public purpose and is in the best interests ofthe District, its landowners, and residents.
In order to provide funds with which to pay all or a portion of the costs of the Capital hnprovements which are to be assessed against the benefitted properties. pending the collection of such Assessments, it is necessary for the District from time to time to sell and issue its Special Assessment Bonds. in one or more series (the "Bonds").

By Resolution 2019-25. the Board determined to provide the Capital Improvements and to defray the costs thereofby making Assessments on benefited property and expressed an intention to issue Bonds, notes or other specific financing mechanisms to provide all or a portion ofthe funds needed for the Capital Improvements priorto the collection ofsuchAssessments. Resolution 2019- 25 was adopted in compliance with therequirements ofSection 170.03, Florida Statutes. and prior to the time it was adopted, the requirements of Section 170.04, Florida Statutes, had been met.
As directed by Resolution 2019-25, said Resolution 2019-25 was published as required by Section 170.05, Florida Statutes, and a copy of the publisher's affidavit of publication is on file with the Secretary of the Board.

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As directed by Resolution 2019-25, a preliminary assessment roll was adopted and filed with the Board as required by Section 170.06, Florida Statutes.
As required by Section 170.07, Florida Statutes. upon completion of the preliminary assessment roll, the Board adopted Resolution 2019-26, subsequently amended by Resolution 2019- 29, fixing the time and place of a public hearing at which owners ofthe property to be assessed and other persons interested therein may appear before the Board and be heard as to (1) the propriety and advisability of making the Capital hnprovements, (2) the cost thereof, (3) the manner of payment therefore, and (4) the amount thereof to be assessed against each specially benefited property or parcel and provided for publication of notice of such public hearing and individual mailed notice in accordance with Chapters 170, 190, and 197, Florida Statutes.
Notice of such public hearing was given by publication and also by mail as required by Section 170.07, Florida Statutes. Affidavits as to such publications and mailings are on file in the office of the Secretary of the Board.
On February 6, 2019, at the time and place specified in Resolution 2019-29, and the notice referred to in paragraph (k) above, the Board met as an Equalization Board, conducted such public hearing, andheard and considered all complaints and testimony as to the matters described in paragraph G) above. The Board has made such modifications in the preliminary assessment roll as it deems necessary, just and right in the making of the final assessment roll.
Having considered the estimated costs of the Capital hnprovements, estimates of financing costs and all complaints and evidence presented at such public hearing, the Board further finds and detennines:
that the estimated costs of the Capital hnprovements as specified in the Engineer's Report, which Engineer's Report is hereby adopted and approved, and that the amount of such costs is reasonable and proper; and
it is reasonable, proper, just and right to assess the cost of such Capital Improvements against the properties specially benefited thereby using the method determined by the Board set forth in the Master Assessment Methodology, dated December 5, 2018 (the "Assessment Report," attached hereto as Exhibit B and incorporated herein by this reference), for the Bonds, which results in the special assessments set forth on the final assessmentroll included within such Exhibit B (the "Assessments"); and
the Assessment Report is hereby approved, adopted and confirmed. The District ratifies its use in connection with the issuance of the Bonds;
it is hereby declared that the Capital Improvements will constitute a special benefit to all parcels of real property listed on said final assessment roll and that the benefit, in the case of each such parcel, will be equal to or in excess of the

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Assessments thereon when allocated as set forth in Exhibit B;
that the costs ofthe Capital Improvements are fairly and reasonably apportioned to the properties specifically benefitted as set forth in Exhibit B;
it is in the best interests of the District that the Assessments bepaid and collected as herein provided; and
it is reasonable, proper, just and right for the District to utilize the true-up mechanisms and calculations contained in the Assessment Report in order to ensure that all parcels of real property benefiting from the Capital Improvements are assessed accordingly and that sufficient assessment receipts are being generated in order to pay the corresponding bond debt-service when due;
SECTION 3. AUTHORIZATION OF DISTRICT PROJECT. That construction of
Capital Improvements initially describedinResolution No. 2019-25, and more specifically identified and described in Exhibit A attached hereto, is hereby authorized and approved and the proper officers, employees and/or agents of the District are hereby authorized and directed to take such further action as may be necessary or desirable to cause the same to be made.
SECTION 4. F.STIMATED COST OF IMPROVEMENTS. The total estimated costs of the Capital Improvements and the costs to be paid byAssessments on all specially benefited property are set forth in Exhibits A and B, respectively, hereto.
SECTION 5. EQUALIZATION, APPROVAL, CONFIRMATION AND LEVY OF
SPECIAL ASSESSMENTS. The Assessments on the parcels specially benefited by the Capital Improvements, all as specified in the final assessmentroll set forth in Exhibit B, attached hereto, are hereby equalized, approved, confmned and levied. Immediately following the adoption of this Resolution these Assessments, as reflected in Exhibit B, attached hereto, shall be recorded by the Secretary of the Board of the District in a special book, to be known as the "Improvement Lien Book." The Assessment or assessments against each respective parcel shown on such final assessment roll and interest, costs and penalties thereon, as hereafter provided, shall be and shall remain a legal, valid and binding first lien on such parcel until paid and such lien shall be coequal with the lien of all state, county, district, municipal or other governmental taxes and superior in dignity to all other liens, titles, and claims. Prior to the issuance ofany Bonds, including refunding bonds, the District may, by subsequent resolution, adjust the acreage assigned to particu]ar parcel identification numbers listed on thefinal assessment roll to reflect accurate apportionment ofacreage within the District amongst individual parcel identification numbers. The District may make any other such acreage and boundary adjustments to parcels listed on the final assessment roll as may be necessary in the best interests of the District as determined by the Board by subsequent resolution. Any such adjustment in the assessment roll shall be consistent with the requirements of law. In the event the issuance of Bonds, including refunding bonds, bythe District would result in a decrease of the Assessments, then the District shall by subsequent resolution, adopted within sixty (60) days of the sale of such Bonds at a publiclynoticed meeting and without the need for further public hearing,

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evidence such a decrease and amend the final assessment roll as shown in the Improvement Lien Book to reflect such a decrease.
SECTION 6. FINALIZATIONOF SPECIAL ASSESSMENTS. When the entire Capital
Improvements project has both been constructed or otherwise provided to the satisfaction of the Board, the Board shall adopt a resolution accepting the same and determining the actual costs (including financing costs) thereof, as required by Sections 170.08 and 170.09, Florida Statutes. Pursuant to the provisions of Section 170.08, Florida Statutes, regarding completion of a project funded by a particular series of bonds, the District shall credit to each Assessment the difference, if any, between the Assessment as herebymade, approved and confirmed and theproportionate part of the actual costs of the Capital Improvements, as finally determined upon completion thereof, but in no event shall the final amount of any such special assessment exceed the amount of benefits originally assessed hereunder. In making such credits, no credit shall be given for bond financing costs, capitalized interest, funded reserves orbond discounts. Such credits, ifany, shall be entered in the Improvement Lien Book.
SECTION 7.	PAYMENT OF SPECIAL ASSESSMENTS AND ME1HOD OF COLLECTION.

The Assessments may be paid in not more thanthirty(30) substantially equal consecutive annual installments ofprincipal and interest. TheAssessments maybe paid in full without interest at any time within thirty (30) days afterthe completion ofthe Capital hnprovements and the adoption by the Board of a resolution accepting the Capital Improvements, unless such option has been waived by the owner ofthe land subject to the Assessments; provided, however, that the Board shall at any time make such adjustments by resolution, at a noticed meeting ofthe Board, to that payment schedule as may be necessary and in the best interests of the District to account for changes in long and short term debt as actually issued by the District. All impact fee credits received and/or value received for impact fee credits shall be applied against the Capital Improvements costs and/or the outstanding indebtedness ofany debt issuance that funded the improvement giving rise to the credits which application may be addressed by such resolutions. At any time subsequent to thirty (30) days after the Capital hnprovements have been completed and a resolution accepting the Capital Improvements has been adopted by the Board, the Assessments may be prepaid in full including interest amounts to the next succeeding interest payment date or to the second succeeding interest payment date if such a prepayment is made within forty-five (45) calendar days before an interest payment date. The owner of property subject to Assessments may prepay the entire remaining balance ofthe Assessments at any time, or a portion oftheremaining balance of theAssessment one time if there is also paid, in addition to the prepaid principal balance ofthe Assessment. an amount equal to the interest that would otherwise be due on such prepaid amount on the next succeeding interest payment date, or, if prepaid during the forty-five day (45) period preceding such interest payment date, to the interest payment date following such next succeeding interest payment date. Prepayment ofAssessments does not entitle the property owner to any discounts for early payment.

The District may elect to use the method of collecting Assessments authorized by

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Sections 197.3632 and 197.3635, Florida Statutes (the "Uniform Method"). The District has heretofore taken or will use its best efforts to talce as timely required, any necessary actions to comply with the provisions of said Sections 197.3632 and 197.3635, Florida Statutes. Such Assessments may be subject to all of the collection provisions of Chapter 197, Florida Statutes. Notwithstanding the above, in the event the Uniform Method of collecting its special or non-ad valorern assessments is not available to the District in any year, or ifdetermined by the District to be in its best interest, the Assessments may be collected as is otherwise pennitted by law. The District
may, in its sole discretion, collect Assessments bydirectly assessing landowner(s) and enforcing said collection in any manner authorized by law.

For the period the District uses the Uniform Method, the District shall enter into an agreement with the Tax Collector of Polk County who may notify each owner of a lot or parcel within the District ofthe amount ofthe special assessment, including interest thereon, in themanner provided in Section 197.3635, Florida Statures.
SECTION 8. APPLICATION OF TRUE-UP PAYMENTS.
Pursuant to the Assessment Report, attached hereto as Exhibit B, there may be required from time to time certain true-up payments. As parcels of land or lots are platted, the Assessments securing the Bonds shall be allocated as set forth in the Assessment Report. In furtherance thereof, at such time as parcels or land or lots are platted, it shall be an express condition of the lien established by this Resolution that any and all initial plats of any portion of the lands within the District, as the District's boundaries may be amended from time to time, shall be presented to the District Manager for review, approval and calculation ofthe percentage of acres and numbers of units which will be, after the plat, considered to be developed. No further action by the Board of Supervisors shall be required. The District's review shall be limited solelyto this function and the enforcement ofthe lien established by this Resolution. The District Manager shall cause the Assessments to be reallocated to the units being platted and the remaining property in accordance with Exhibit B, cause such reallocation to be recorded in the District's In1provement Lien Book, and shall perform the true-up calculations described in Exhibit B, which process is incorporated herein as if fully set forth (the ''True-Up Methodology"). Any resulting true-up payment shall become due and payable that tax year by the landowner(s) of record of the remaining unplatte<l property, in addition to the regular assessment installment payable with respect to such remaining unplatted acres.

The District will take all necessary steps to ensure that true-up payments are made in a timely fashion to ensure its debt service obligations are met. The District shall record all true-up payments in its Improvement Lien Book.

Theforegoing is based on the District's understanding withthe developer, that it intends to develop the unit numbers and types shown in Exhibit B. on the net developable acres and is intended to provide a formula to ensure that the appropriate ratio oftheAssessments togross acres is maintained if fewer units are developed. However, no action by the District prohibits more than the maximum units shown in Exhibit B from being developed. In no event shall the District collect Assessments pursuant to this Resolution in excess of the total debt service related to the Capital

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Improvements. including all costs offinancing and interest. The District recognizes that such events as regulatory requirements and market conditions may affect the timing and scope of the development in the District. Ifthe strict application ofthe True-Up Methodology to any assessment reallocation pursuant to this paragraph would result in Assessments collected in excess of the District's total debt service obligation for the Capital hnprovements, the Board shall by resolution take appropriate action to equitably reallocate the Assessments. Further. upon the District's review of the final plat for the developable acres, any unallocated Assessments shall become due and payable and must be paid prior to the District's approval of that plat.

The application of the monies received from true-up payments or Assessments to the actual debt service obligations of the District, whether long term or short tenn, shall be set forth in the supplemental assessment resolution adopted for each series of Bonds actually issued. Such subsequent resolution shall be adopted at a noticed meeting of the District, and shal1 set forth the actual amounts financed, costs of issuance, expected costs of collection, and the total amount ofthe assessments pledged to that issue, which amount shall be consistent with the lien imposed by this Resolution. Each such supplemental resolution shall also address the allocation of any impact fee credits expected to be received from the provision of the project funded by the corresponding series of Bonds issued or to be issued.

SECTION 9. GOVERNMENT PROPERTY; TRANSFERS OF PROPERTY TO
UNITS OF LOCAL, STATE, AND FEDERAL GOVERNMENT. Property owned by units of local, state, and federal government shall notbe subject to the Assessments without specific consent thereto. If at any time, any real property on which Assessments are imposed by this Resolution is sold orotherwise transferred to a unit oflocal, state, or federal government (without consent ofsuch governmental unit to the imposition ofAssessments thereon), all future unpaid Assessments for such tax parcel shall become due and payable immediately prior to such transfer without any further action of the Disttict.

SECTION 10. ASSESSMENT NOTICE. Toe District's Secretary is hereby directed to record a general Notice ofAssessments in the Official Records of Polk County, Florida, which shall be updated from time to time in a manner consistent with changes in the boundaries ofthe District.

SECTION 11. SEVER.ABILITY. If any section or part of a section ofthis Resolution be declared invalid or unconstitutional, the validity. force and effect of any other section or part of a section ofthis Resolution shall not thereby be affected or impaired unless it clearly appears that such other section or part of a section of this Resolution is wholly or necessarily dependent upon the section or part of a section so held to be invalid or unconstitutional.

SECTION 12. CONFLICTS. All resolutions or parts thereof in conflict herewith are, to the extent of such conflict, superseded and repealed.

SECTION 13. EFFECTIVE DATE. This Resolution shall become effective upon its adoption.

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APPROVED AND ADOP'fED TIDS � DAY OF FEBRUARY, 2019.

Secretary/Assistant Secretary	Chairman, Board of Supervisors

Exhibit A: Exhibit B:

Engineer's Reportfor Capital Improvements, dated January 3, 2019
MasterAssessment Methodology, dated December 5, 2018

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EXHIBIT A

VILLAMAR
COMMUNITY DEVELOPMENT DISTRICT

ENGINEER'S REPORT FOR CAPITAL IMPROVEMENTS

Prepared for:

BOARD OF SUPERVISORS VILLAMAR
COMMUNITY DEVELOPMENT DISTRICT

Prepared by:

DENNIS WOOD ENGINEERING, LLC 1925 BARTOW ROAD
LAKELAND, FL 33801
PH: 863-940-2040

Jn11uary 3, 2019

VILLAMAR
COMMUNITY DEVELOPMENT DISTRICT

TABLE OF CONTENTS
I.	INTRODUCTION   ............................................................... ..................................... ,	1 -2
II.	PURPOSE AND SCOPE	2
DI.	THE DEVELOPMEN1'	3
JV.	THE CAPITAL IMPROVEMENTS	3
CAPITAL IMPROVEMENT PLAN COMPONENTS	4
Stonnwater Manage1nent Facilities	4
Public Roadways	5
Water and Waste\vater Facilities	5-6
Off..site 1mprovements 	6
.Ainenities and Parks	6
Electric and Lighting   ............ .. ._............. .. ............... ....... ................ , 	6
Enhy Feature............. .......... , .................................. ...... .................... , ,	7
Miscellaneous	7
PERMITTING	8-9
lffiCOMMENDATION	9
Vlll.  REPORT MODIFICATION	9
IX.	CONCLUSION	l 0

LIST OF EXHIBITS

EXHIBIT I- Location Map EXHIBIT 2- Legal Description EXHIBIT 3- District Boundary Map
EXHIBIT 4- Zoning Map EXHIBIT 5- Future Land Use Map
EXHIBIT 6- Utility Location Map & Drainage Flow Pattern Map
EXHIBIT 7- Summary of Opinion of Probable Costs EXHIBIT 8- Summary of Proposed District Facilities EXHIBIT 9 -Proposed Site Plan

ENGINEER'S REPORT
VILLAMAR      COMMUNITYDEVELOPMENTDISTRICT

INTRODUCTION

The Villamar Community Development District (the «District") is west of CR 653 and south of Eloise Loop Road in Winter Haven (the "City"), Polk County, (the "County''), Florida. The District currently contains approximately 153.65 acres, and is expected to consist of 642 single family lots, recreation / amenity areas, parks, and associated infrastructure.

The CDD was established under City Ordinance No. o.J 8·70 which was approved by the City Commission on November 26, 20 I 8 The District will own and operate the public roadways and stormwater management facilities, as well as the landscape, irrigation, signage, and recreational facilities within tile development.

Public improvements and facilities financed, acquired, and/or constructed by the District will be designed and constructed to conform to regulatory criteria from the City. the County, Southwest Florida Water Mauagement Dislrict (SWFWMD). and other applicable agencies with regulatory jurisdiction over the development. An overall estimate of probable cost of the public improvements is provided in Exhibit 7 of this report.

This "Capital Improvement Plan" or "Report" reflects the present intentions ofthe District and  the  landowners.  It  should  be  noted_ that  the  location  of proposed  facilities  and improvements may be adj usted during the final design, permitting, and implementation phases. It should also be noted that these modifications are not expected to diminish the benefits received by theprope1ty within tbe District. The District reserves the right to make reasonable adjustments to the development plan to meet applicable regulatory requirements ofagencies withjurisdiction over the development, while maintaining comparable level of benefits to the lands served by the improvements. Changes and modifications arc expected as changes in regulatory criteria are implemented.

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Implementation ofany proposed facilities or improvements outlined in th.is Report requires written approval from the District's Board of Supervisors. Estimated costs outlined in this report are based on best available information, which includes but .is not limited to previous experience with similar projects. Actual costs could be different than estimates because final engineering and specific field conditions may affect construction costs.

All roadway improvements including sidewalks in the right-of-way and storm drainage collection systems (from the curb inlets to their connection to the Stormwater ponds) within the development will be maintained by the District. Water distribution, reclaim wate1; and wastewater collection systems (gravity lines. force mains, and lift stations) wilJ, upon completion, be dedicated to the City for ownership and maintenance.

PURPOSE AND SCOPE
The purpose of this Repot1 is to provjde engineering support to fund improvements in the District. Th.is Reporl will identify the proposed public infrastructure to be constructed or acquired by the District along with an opinion ofprobable cost.

Contained within this Report is a brief description of the public infrastructure to be constructed or acquired by the District. The District will finance, construct, acquire, operate, and maintain all or specific portions of the proposed public infrastructure. An assessment methodology consultant has been retained by the District, who will develop the assessment and financing methodology to be applied using this Report.

The predominant portion of this Report provides descriptions of the proposed pubJic infrastructure improvements, detetmfoation of estimated probable construction costs, and the corresponding benefits associated with the implementation of the described improvements. Detailed site construction plans and specifications have not yet been completed and pennitted for the improvements described herein. The engineer has considered, and in specific instances has relied upon, the information and documentation prepared or supplied by others, and information that may have been provided by public entities, public employees, the landowner, site construclion contractors, other engineering professionals. land surveyors, the District Board of Supervisors, and its staff and
consultants.
Page 2

Ill.	THE DEVELOPMENT
The development will consist of 642 single family homes and associated infrastructure ("Development"). The Development is a planned residential community is located on the west ofCR 653 and south of Eloise Loop /road in the City of Winter Haven and lies within Section 22 and 23, Township 29 South, Range 26 East, all within the City. The Development has received zoning approval by the City. The approved zoning is PD and the property has an underlying Future Land Use Designation of RL (Residential Low Density). RE (Residential Estate, and CON (Conservation). The development will be constructed in three (3) phases.

THE CAPITAL IMPROVEMENTS
The Capital Improvement Plan, (the "CIP"), consists of public infrastructure in Phases I, 2, and 3. The primary portions of the CJP will entail stormwater pond construction, roadways built to an "urban" typical section, water, reclaim water and sewer facilities and off-site improvements (including turn lanes and ex.tension of water and sewer mains to serve the development).

There will also be stormwater structures and conveyance culverts within the CIP which will outfall into the on-site retention ponds. These structures and pond areas comprise the overall stormwater facilities of the CIP. Installation of the water distribution and wastewater collection system will also occur at this time. Below ground installation of power. telecommunications and cable TV will occur, but will not be funded by the District. Undergrounding ofwires for installation of street lights within the public right ofway will be funded by the District.

As a part ofthe recreational component of the CIP, a public park/amenity center will be constructed within the development and the location shall have easy access to the other portions of the District. The public park/amenity center will be accessed by the public roadways and sidewalks.

Page 3

CAPITALIMPROVEMENT PLAN COMPONENTS
The Capital Improvement Plan includes the following:

StornnvaterManaKerneut Facmttes
Stormwater management facilities consisting of storm conveyance systems and retention ponds are contained within the District boundaries. Stom1water rnns off via roadway curb and gutter to storm inlets. Stonn culverts convey the runoff into the proposed retention ponds for wateL' quality treatment and attenuation. The proposed stormwater systems will utilize dry retention and/or wet retenlion for biological poJlutant assimilation to achieve water quality treatment. The design criteria for the District's stom1water management systems is regulated by the City, the County, and the SWFWMD. There is a known surface water, (Crystal Lake) and there are natural wetlands on the west side of the Development. No impacts to the wetlands or lake are anticipated.

Federal Emergency Managemenl Agency Flood Insurance Rate Map (FEMA FIRM) Panel No.  121 0SC-0530O (dated  12/22120 J6) demonstrates that the majority of the property is located within Flood Zone X with the remainder in AB. Based on this infonnation and the site topography, it does not appear that floodplain compensation is required. If floodplain compensation is required, flood compensation shall be in accordance with Southwest Florida Water Management, City, and County criteria

During the construction of stormwater management facilities, utilities and roadway improvements, the contractor will be required to adhere to a 810,-mwater Pollution Prevention Plan (SWPPP) as required by Florida Department of Environmental Protection
(FDEP) as delegated by the Environmental Protection Agency {EPA). The SWPPP will be prepared to depict for the contractor the pl'oposcd locations of required erosion control measures and staked turbidity barriers specifically along the down gradient side of any proposed construction activity. The site contractor will be required toprovide the necessary reporting on various fonns associated with erosion control, its maintenance and any rainfalJ events that occur during constniction activity.

Page 4

Public Roadways
The proposed public roadway sections are to be 40' R/W with 24' of asphalt and Miami curb or Type F curb and gutter on both sides and 80' R/W with 24' ofasphall with roadside swales and sidewalks on both side. The proposed roadway section will consist ofstabilized subgrade, lime rock, crushed concrete or cement treated base and asphalt wearing surface. The proposed curb is to be 2' wide nnd placed along the edge of the proposed roadway section for purposes of protecting the integrity of the pavement and also to provide stmmwater nmoff conveyance to the proposed stormwater inlets. The80' R/W section shall be a rural section constructed in accordance with FOOT, County, and City specifications. Underdrain is provided as necessary to control groundwater and protect the l'Oadway base material.

The proposed roadways will also require signing and pavement markings within the public rights-of-way, as well as street signs depicting street name identifications, and addressing, which will be utilized by the residents and public. As stated above, the District's funding ofro;i.dway construction will occur for all public roadways.

Water, Reclaim, and WastewaterFacilities
A potable water system inclusive of water main, gate valves, fire hydrants and apput1enances will be installed for the Development. The water service provider will be the City of Winter Haven Public Utilities. The water system wHI be a "looped" system.
These  facilities  will be  installed  within  lhe proposed  public  rights-of-way  within the
District. This water system will provide the potable (domestic) and fire protection services which will serve the entire Distt'ict.

A domestic wastewater colJection system inclusive of gravity sanitary sewer mains and
sewer laterals will be installed. The gravity sanitary sewer mains will be B" diameter PVC. The gravity sanitary sewer lines will be placed inside of the proposed public l'ights-of-way, under the proposed paved roadways. Branching offfrom these sewer lines wilJ be laterals
to se1ve the individual lots. A Ii ft station is anticipated for this CIP. Flow from the lift station shall be connected to either a force main on site or along CR 653.
Page s

Reclaimed water is available for this site. The reclaim water lines will be installed onsite to provide irrigation within the public right of way and amenity/park area. The reclaimed water system is funded by the District. Any water, sewer, or reclaim water pipes or facil ities placed on private property will not be publicly funded.

Off-Site Improvements
The District will provide funding for the anticipated turn lanes at the development entrance. The site construction activities associated with the CIP are anticipated for completion by phases based on the following estimated schedule: Phase I in 20 I 9-2020; Phase 2 in 2020- 2022; Phase 3 in 2021-2023. Upon completion of each phase of these improvements, inspection/certifications will be obtained from the SWFWMD; the Polk County Health Department (water distribution system), Florida Department of Environmental Protection (FDEP) (wastewater collection) and the City.

Amenities and Parks

The District will provide funding for an Amenity Center to include the following: parking area, pavilion with restroom facilities, pool, tot lot, dog park/all-purpose play field, and walking trails around the Amenity Center.

Electricand J,ightim:
The electric distribution system thru the District is currently planned to be underground. The District presently intends to fund and construct the electric conduit, transformer/cabinet pads, and electric manholes required by TECO. Electric facilities will be owned and maintained by TECO after dedication, with TECO providing underground electrical service to the Development. The CDD presently intends to fund the cost of undergrounding of electric conduit for the installation of the street lighting along the internal roadways within the CDD. These lights will be owned, operated and maintained by TECO after dedication, with the District funding maintenance services.

Page 6

Entry Feature
Landscaping, irrigation, entry features and walls at the entrances and along the outside boundary of the Development will be provided by the District. The irrigation system will
use reuse water as provided by the City of Winter Haven. The master reuse watermains to
the various phases of the development will be conslrncted or acquired by the CDD with District funds and subsequently turned over to the City of Winter Haven. Landscaping for the roadways will consist of sod, annual flowers, shrubs, ground cover and trees for the intemal 1-oadways within lhe COD. Perhneter fencing will be provided at the site entrances and perimeters. These items will be funded, owned and maintained by the CDD.

Miscellaneous
The stormwalcr improvements, landscaping and irrigation, recrealional improvemenls, street lighting, and certain pe1mils and professional fees as described in th.is report, are being financed by the District with the intention for benefiting all of the developable real property within the District. The construction and maintenance of the proposed public improvements will benefit the development for the intended use as a single-family planned development.

Page ?

PERMITTING
Construction    pennits    for  all   pllases    are    requil'ed    and    include    the SWFWMD
Environmental Resoul'ce Pennit (ERP), Florida Department of Environmental Protection
(FDEP), Polk County Health Department, and City  construction  plan  approval.  Thei·e may be a need for an Army Corps ofEngineer (ACOE) jurisdictional wellands within the Phase 3 CIP boundaries.

Following is a summary ofrequired permits obtained and pending for the constmction of the public infrastructure improvements for the District:

PHASE !

Permits / A1,provals Zoning Approval (City of Winter Haven) Preliminary PlRt (City of Winter Haven) SWFWMDERP

Approval / Expected Date
Approved Not Required November 201 8

Constmction Permits (City ofWinter Haven) Polk County Health Depa11me111 Water

November 2018
November 2018

FDEP Sewer

November 2018

FDEP NOI

Jonuary2019

PHASE 2

PeJ'ruits / Approvals	Approval / Expected Date	
Zoning Approval (Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)
SWFWMDBRP	Not Required
February 2019	
Construction Permits (City ofWinter Haven	February 2019	
Polk County Health Department Water	February 20)9	
FDEP Sewer	February 2019	
FDEPNOI	February 2019	

Page 8

PHASE 3

Permits I Approvals	Approval / Expected Date	
Zoning Approval (City of Winter Haven) Prclimina,y Plat (City of Winter Haven)
SWFWMD ERP	Approved
Nol Required
July 2020	
Constt11ction Pennits (City of Winter Haven)	July 2020	
FDEP Water	July 2020	
FDEP Sewer	July 2020	
FDEPNOI	July 2020	

VJI.	RECOMMENDATION

As previously described within this report, the public infraslmcture as described is necessary for the development and functional operation as required by the Cily. The site planning, engineering design and conslruction plans for the infrastrncture are in accordance with the applicable requirements ofthe City ofWinter Haven, and the SWFWMD. It should be noted that the infrastructure will provide its intended use and function so long as the c011slruction and installation is in substantial conformance with the design construction plans and regulatory permits.

Items 1.1tilized in the Opin;o11 of Probable Costs for this report are based upon proposed plan infrastructure as shown on constmction drawings incorporating specifications in the most current SWFWMD and the City regulations.

REPORT MODIFICATION

During development and implementation of the public infrastructure in1provements as described for the District, it may be necessary to make modifications and/or deviations for the plans. However, if such deviations and/or revisions do not change the overall primary objective of the plan for such improvements, then the costs differences would not materially affect the proposed cost estimates.

Page 9

CONCLUSION

It is our professional opinion tl1at the public infrastructure costs for the CJP provided in this Reporl are reasonable to complete the construction of the public infrastructure improvements. Furthermore, the public infrastructure improvements will benefit and add value lo lands within the District at least equal to the costs ofsuch Improvements.

The Opinion of Probable Costs of the public infrastructure improvements is only an estimate and is not a guaranteed maximum price. The estimated costs are based upon unit
prices currently experienced on an ongoing nnd similar basis for work jn the County. However, labor markel, future costs of equipment, materials, changes to the regulatory pennitting agencies activities, and the ach.ml construction processes employed by the chosen site contractor are beyond the engineer's control. Due to this inherent opportunity for changes (upward or downward) in the construction costs, the total, final construction cost may be more or less than this estimate.

Based upon the presumption that the CIP construction continues in a timely manner, it is our professional opinion that the proposed public infrastructure improvements when constructed and built in substantial conformance with the approved plans and specifications, can be compJeted and used for their intended function. Be advised that we have utilized historical costs and direct unit costs .from site contractors and consultants in 
the County, which we believe to be necessary in Ol'der to facilitate accuracy associated with the Opinion ofProbable Costs. Based upon the information above, it is our professional opinion that the acquisition and conslmction costs of the proposed CIP can be completed
at the cost as stated.

Page IO

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cmce: !1531 940--2040	-

Parcel ID Numbers
1. 262922-000000-012010

EXHIBIT 1

-	W.ood �
Engineering
-	UA:

FAX:        !BU] 940-2044
CELI:  1163) 662-00ta

1925 BAATOW ROAD
WEI.ANO. FL 33801

LEGEND
District Boundary

2.    262923-000000-032010
3.  262923-000000-031010

s.

4.   262923-000000-013030
2.62923-000000-013060
8.   2&2923-000000-014010

VILLAMAR CDD
LOCATION MAP

DENNIS WOOO, PROFESSIONAL EHGIN.EElt
EMAIL! dennis@woodcivit.com

VILLAMAR
COMMUNITY DEVELOPMENT DISTRICT

PTBAEHIRANCTGEPLMA1RO(TR2OE62FP9AS2ER2CT-T0ICI0OU0NlDAS00R2L-2V0A12N0D102)3,,PTaOrcWAeSlN2SH(2I6P.Z2992S3O-00UT0H0,00R·A0N3G20E1206),EPAaSrTc,ePlO3L(K26C2O9U2N3-T0Y0,DF0LDO0R·IDD3A1.010)

DESCRIBED	FOLLOWS:

THENCE N·00"44'39"-W, ALONG THE WEST BOUNDARYTHEREOF, A DISTANCE OF 662.14 FEET TO THE

BEGIN AT THE SOUTHEAST CORNER OF THE NORTHWES M OF THE NORTHWEST ¼ Of SAID SECTION 23;

THE WEST LINE OF lHE EAST 15.00 FEET OF SAID SOUTH Y. OF THE NORTHEAST ¾ OF THE NORTHWEST M;

2N3O;RTTHHENBOCEUN-8A9R.3Y2O'5F5T''-HEE, ASOLOUNTGH T¼HOEFNTOHRETNHOBROTUHNEDAASTRYMTOHFETRHEOE FNAORDTISHTWANESCTE¾OOF 1F3S0A7ID.27SEFCETEITOTNO

TO

THENCE s-00•4s'04"-E, ALONG SAID WEST LINE, A DISTANCE OF 664.06 FEET	THE°•SWO,UTH LINE OF

SOUTH LINE A DISTANCE OF 4.00 FEET TO THE NORTHWEST CORNER OF "SUNDANCE RANCH ESTATES"

THE NORTHE ST M OF THE NORTHWEST � OF SAID SECTION 23; THENCE S-89"37'57	ALONG SAID

THENCE S·00"08'59"•W, ALONG THE WEST BOUNDARY	SAID "SUNDANCE RANCH ESTATES", 678.40

S·89'S4'll"•W, ALONG THE NORTH BOUNDARY OF SAID "SUNDANCE RANCH ESTATES" AND THE NORTH

AS RECORDED IN PLAT BOOK 77, PAGE 28 OF THE PUBLOICFRECORDS OF POLK COUNTY, FLORIDA; FEET TO THE NORTH BOUNDARY OF L T 13 OF SAID, "SUNDANCE RANCH ESTATES"; THENCE

DISTANCE OF 130S.26 FEET; THENCE CONTINUE WESTERLY ALONG THE NORTH BOUNDARY OF SAID

THENCE	s-oo•03'19"•E, S96.81	THENCE 3)	1447.79 FEET; THENCE

BOUNDARY OF ·suNDANCE RANCH ESTATES PHASE TWO" AS RECORDED IN PlAT BOOK 80, PAGE 47,A "1S2U9.N0D9AFNEECTE;RANCH ES2T) ATES PHASE lWO" THEFEFOETL;LOWING FOU5.R59(4•.5)0C•O21U"R-WSE,S: 1) S-30'21'23"-W,

THENCE N•36.58'07"•W, ALONG	A DISTANCE OF 1688.64 FEET

SOUTHEAST ¾ OF THE NORTHEAST X OF SAID SECTION 22; THENCE S-8N9O"3I\8T'H0SW"·EES, TACLOONRNGETRHOE FNTOHRETHTHEREOF,

4R)ASIL-RSO3'A0Dl;'S3"·W, 163.42 FEET TO THE EASTSRAIGIDHETA-OSTF•WRIG.AHVTL·IONFE•WOFATYH, E CSX TRANSPORTATION TTHOETNHCEEWNE•0S0T"L3I5N'0E4O"F•WTH,AELSOONUGTHSAEAIDSTW¼ESOTFLTINHEE 1N3OSR.1T7HEFAEEST TXOOTFHTEHE.AFOREMENTIONED SECTION 22;

A DISTANCE OF 1338.55 f£T TO THE WEST BOUNDARY OF THE AFOREMENTIONED

SECTION 23; THENCE N-89"41'51"-E,	ONG THE NORTH LINE OF THE SOUTHWEST M OF THE

LINE

CONTAINING 110,13 ACRES, MORE OR LESS,

TSHAOTWPNOORTNIOTNHEOMF TAHPEO6R0P.0LA0·TFOFT"S-WUNIDDEAPNI.ACETTREADNRCIHGH£lST•OAFT-EWS"AYASFORERCCOHREDRERDY IBNLOSSOM lANE AS

NORTHWEST Y. OF SAID SECTION 23, A DISTANCE OF 132S.08 FEETTO THE POINT OF BEGINNING.

29 SOUTH, RANGE 26 EAST, POLK COUNTY, FLORIDA, AND RUN THENCE ALONG THE NORTHERLY

28, PUBLIC RECORDS OF POLK COUNTY, FLORIDA, DESCRIBED AS:

PlAT BOOK 77, PAGE

,--

BEGIN AT THE NORTHE	CORNER Of THE SOUTH Y, Of THE NORTHWEST X OF S   TION 23, TOWNSHIP RAILGOHNT•GOTFH,WE AEAVSTTHERERLYEORFIGNH-T8-9O.F4·3W'2A1'V.'•TE,H4E1R.E0O0FFsEE-0T0T·0O�T11H2E"·NEO, R6TQH.4E8AFSETECTO; TRHNEENRCTEHDEREPEAORFT;TINHGENSACEID

S·89'40'3l"•E, 19.00 FEETTO THE POINT OF BEGINNING.

EASTERLY RIGHT-OF-WAY S-89"23'59 .·W, 60.00 FEET TO A POINT ON THE WESTERLY RIGHTu-•WOF,-W61A.0Y1OFfEET

STAOIDTHCEHENRORRYTHBWLOUSS,TOCMOlRANNEER; TTHHEERNECOEFA; LTOHNEGNCSEAAIDLOWNEGSTTEHRELVNROIRGTHHTE•ORLFY·WRIAGYHTN-•O00F-'W05A'1Y2THEREOF	-

PAGE	l	OF	2	
omce: 1au1 ,�o-10�0 ru:	1m1 940.2044
CUL:  l16JI 661..011 18

1U5  BARTOW ROAD
lAKl:lAND, fl 3380I
DENNIS WOOD, PROFESSlOHAL EHGINEER
EMAIL: dennlswoodenglneerlng@gmall.com	
EXHIBIT 2  VILLAMAR COD LEGAL DESCRIPTION	

CONTAINING 3,641 SQUARE FEET, MORE OR LESS.	-

PTAHARCTEPLA'4RT(2O62F9S2E3C-T0I0O0N00203·,0T1O3W03N0)SHIP 29 SOUTH, RANGE 26 EAST, POLK COUNTY, FLORIDA, BEING

MORE PARTICULARLY DESCJtlBED AS FOLLOWS:

OF THE NORTHEAST ¼ OF

SMOSECTION 23; THENCE N-89.33'25"-E, ALONG THE NORTH llNE OF SAIO SOUTH ¼ A DISTANCE OF°

BEGIN AT THE NORTHWEST CORNER OF THE SOUTH Y, OF THE NORTHWEST ¼

CONTAINING 19,26ACRES, MORE OR LESS.

LINE THEREOF A DISTANCE OF 636.67 FEET TO THE NORTH RIGHT·OF·WAV OF CUNNINGHAM ROAD;

1321.03 FEET TO THE NORTH EAST CORNER OF SAID SOUTH Yi; THENCE S-00 35'32" ·E, ALONG THE EAST NT,H0E0N"4C5E'054.5''9•W•4,o6'l3l"'1•.W08, AFELEOTNTGOSTAHIDE PNOOIRNTTHORFJGBHEGT·IONNF·IWNGA.Y, A DISTANCE OF 1319.27 FEET; THENCE
�
TSOHUETEHA,SRTA15N,G00E 2F6EEETAOSTF,TPHOELKSOCUOTUHNT¼YO, FFLTOHREIDNAO. RTHEAST ¼OF THE NORTHWEST M OF SECTION 23, TOWNSHIP 29 CONTAINING 0.23 ACRES, MORE OR LESS.

AND

NORTHEAST Y. Of SAID SECTION 23, TOWNSHIP 29 SOUTH, RANGE 26 EAST, POLK COUNTY,

PTAHERCSOELUST(H2E6R2L9Y23!1-00.00000F0E0E,T0T13H0E6R0E)OF FOR ROAD RIGHT OF WAY OF THE SOUTH Y. OF THE NFOLROTRHIDWAE,ST ¼ OF THE

THENCE RUN ALONG THE EAST BOUNDuARYLINE OF SOUTHWEST ¼ OF THE NORTHREUANSTSY.- 0S0·"0036"'0316"'0-E1,NA•ED,IASTDAISNTCAENOCFE OF

T¼HOEfNSOECRTTIHOENRL2Y3,3T0O.0W0 FNESEHTITPH2E9RSEOOUFTFHO, RRARNOGAED2R6IGEHATSTO, FPOWlAKVCOOFUTNHTAY,TFPLAORRTIDOAF, TBHEIENSGOMUTOHRWE EPSATR¼TICOUfLTAHRELYNDOERSTCHREIABSETD

AS:

AT THE NORTHEAST CORNER OF THE SAID SOUTHWEST ¼ OF TH£ NORTHEAST ¼ FOR A POINT Of BEGINNING;

---

-

COMMENCE

901.57 FEETTO A POI	ON THE NORTH BOUNDARY LINE OF SAID SOUTHWEST K OF N RTHEAST Y.; THENCE RUNALONG

267302..6090FFEEEETT;;TTHHEENCEE RUN SS--8399."5243'1'549"-W- W, A, ADDISISTTAANNCCEEOOFF668054.0.806FFEETT; ;TTHHEENNCCEERUN N-00"05'46u•W, A DISTANCE OF SAID BOUNDARY LINE NORTH 89"36'57"-E, A DISTANCE OF 1281.91 FEET TO THE SAID POINT OF BEGINNING,
CONTAINING 1.79 ACRES, MORE OR LESS.

MORE PARTICUlARLV DESCRIBED AS FOLLOWS:

PTHAARTCEPLA6R(T2O62F9S2E3C-T0I0O0N00203·,0T1O40W1N0)SHIP 29 SOUTH, RANGE 26 EAST, POLK COUNTV, FLORIDA, BEING

AFOREMENTIONED PLAT OF	°

'iiifi,ueuc RECORDSOF POLK COUNTY, FLORIDA; TH ENCE WESTERLV ALONG THE NORTHERLY BOUNDARY THEREOF THE

BEGIN AT THE N  RTHEAST CORNER OF lOT 1, "SUNDA	E RANCH EST    ES" AS R C	DED IN PLAT BOOK 77, PAGE 28 0F FS-O8L�LO50W'5INSG"•WTH, R6E8E4.(931)CFOEEUTRTSOEST:H1E) SE-A8S9T.E2R2'L3V9"R-IGWH, T6-0O4F.7·4WFAEYETO;FTCHHEENRCREY2B)LSO·0S0S"O3M5'SL9A"N·EE,A26S9D.E8P9ICFETEETD; OTHNETNHCEE 3)

THE SOUTH RIGHT·Of•WAV OF CUNNINGHAM ROAD; THENCE N-89"40'11"·£, ALONG SAID SOUTH RIGHT·OF•WAV A

"SUNDANCE RANCH ESTATES"; THENCE N-00 05'57"-E, ALONG SAID EAST RIGHT-OF·W1\Y, A DISTANCE OF 870.30 FEET TO DISTANCE Of 1278,58 FEET; THENCE s-00•3e•341".£, 599.415 FEET TO THE POINT OF BEGINNING.
CONTAINING 21.93 ACRES, MORE OR LESS.
CDD TOTAt ACREAGE 153,65 +/·	PAGE 2 OF 2

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D	· ·	OfflCE: (lill U0-2CUO
-	Wood	cEtL: <m1 &&2-0011

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Engineering	1925  eARrow  RoAo
LLC  I.AKHAND, fl 3380 I
DENNIS WOOD, PROFESSIOlfAL EHCilffffR
EMAIL: dennlswoodenglneering@gmall.com

EXHIBIT  2 VILLAMAR CDD LEGAL DESCRIPTION

- - -

Cherry Bic�::.�
:::
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::,

DISTRICT
BO'U NDARY\,	· 9

DISTRICT
BOUNDARY

,-,.o   f!'t  Jr rc   ll	N

--Dennis	�-
I ���

OFflel: (8631 9'0·21140
FAX:   18631 t40-2044	 	

EXHIBIT 3

Wood �

-

Engineering
u.c:

CEil:   18631 &62.0018

192S BAR.TOW ROAD
AKEi.AMO, FL 33801

LEGEND
- District Boundary

VILLAMAR COD
DISTRICT BOUNDARY MAP

DENNIS WOOD, PROFESSlONAL ENGINEER
EMAIL: dennis@lwoodcivil.com

NO SCAtE

--- �---'-

 	___.,_._..l_

Ol'FIC:E: 18631 J48.4(140 FAX: . IN3) !M0.1Q44
ceu.:    1m1 662.001s

192S BAATOW ROAD LAKELAND. FL 33803
DENMIS  WOOD.  PROFESSIONAL  �N�INEER
EMAIL:   dennis@woodc1v1l.com

LEGEND
— District Boundary
[:J PO 4 PLANNED DEVELOPMENT

EXHIBIT 4 VILLAMAR CDD ZONING MAP
CITY OF WINTER HAVEN

---�--------- - -- - -	a
 		.:;.=====

PROPOSED	RL
VILLAMAR COO

QE

RL
 	---------�r

,,,.

_,,,/
'/.,.

 	....-'	

OfFICE: (163) 940-2G40
FAX:     (8631 940-2044
CEW    1863) 662-11018

l925 BARTOW ROAD LAKELAND, FL 3360l
DENNIS WOOD, PROFESSlONA1. ENGINEER
EMAfL: dennis@woodcivil.com

LEGEND

c::JE:J

- District Boundary
RL • RESIDENTIAL LOW DENSITY
RE • RESIDENlTAL ESTATE
CJ CON • CONSEI\VATION

EXHIBIT 5 VILLAMAR CDD
FUTURE LAND USE MAP CITY OF WINTER HAVEN

i:hs11y &lo,"""· -

�. 
SM\	 	

PROPOSED

-

--

Vll.LAMAR COO

�

8"

�

..ti."'-:

PROe()SED VILLAMAR COD

15•
---- (FM)---•	 	
8"

-

D-enni.s	°'  -. -�
Wood  ;'  ·,	'
---"-
Engineering
-	1.1.C

OfflCE: IB&3J 940-21MO FAJl:      (IHI 940-2044
CEIJ.:  (813) 662-0011

1925 BARTOW ROAD
lAKEl.AND, FL 33801

LEGEND
---- DISTRICT BOUNDARY
(W) - EXISTING WATER MAIN AS NOTED
(FM)-  EXISTING   FORCE  MAIN AS NOTED

COMPOSITE EXHIBIT 6 VILLAMAR CDD
WATER & FORCE MAINS

EMAIL: dennls@woodcivil.com

DENNIS WOOD, AAOFESSIONAL ENGINEER

/	/
PROPOSED VILLAMAR COD

/

Wood�,! •	,

Dennis	�·-.>,-�- 1-	0FF1Ce: <au, !M0-2040

District Boundary

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COMPOSITE EXHIBIT 6 VILLAMAR CDD

ms eARrow ROAD

E-ngineering
u.c	lAkEUNO, FL 33801
DENNIS WOOD, PROFESSIONAi. ENGINEER
EMAIL: dennis@woodcivil.com

----- Drainage Flow

DRAINAGE MAP

Exhibit 7
Villamar Community Development District Summary of Probable Cost

Number of L'111	106	m	202	642	
lllfrastruc:tU[i! 111		Phasel
2019-20)0	flwtl
$	240,000	Ph1se3	Total	
Offslte Improvements 1sK11	$	210,000		$	200,000	$	650,000	
Stormwater Management tll(JKSJ!71	$	2,586,46S	$	2,930,000	$	2,500,000	$	8,016,465	
Utllltles {Wate!r, Sewer, & Street Llghtlngl l5K7Jf91	$	1,217,160	$	1,440,000	$	1,230,00D	$	3,887,160	
Roadway 14Jl$1t7J	$	940,000	$	1,012,000	$	912,000	$	2,864,000	
Entry Feature & :Slgnage 11X11	$	100,000	$	50,000	$	50,000	$	200,000	
Parks and Recreation Facilities 11M1J	$	400,000	$	200,000	$	200,000	$	800,000	
Contlnaency	$	270,000	$	300,0DO	$	240,000	$	810,000	
TOTAL	$	5,723;625	$	�.t72,�0	$	s.�2.090	$	17,227,625"	

Notes:
Infrastructure consists of public roadway improvements, Stormwater management facilltfes, master sanitary sewer lift station and utilities, entry feature, landscaping and signage, and parks and recreational facilities.
Excludes grading of each lot both for initial pad construction and ln conjunction with home construction, which will be provided by home builder.
Includes Stormwater pond excavation.
Includes sub-grade, base, asphalt paving, curbing, and civil/site engineering of publlc roads.
Includes subdivision infrastructure and civil/site engineering.
Not used.
Estimates are based on 2018 cost.
Includes entry features, signage, hardscape, landscape, irrigation and fencing.
COD will enter into a lighting Agreement with Tampa Electric for the street light poles and lighting service. only undergroundlng of wires In public right-of-way and on District land Is included.
Estimates based on Master Infrastructure to support development of642 lots.

Exhibit & VIiiamar
Community Development District
Summary of Proposed District Facilities

District Infrastructure

Offsite Improvements Stormwater Facilities    lift Stations/Water/Sewer Street Lighting/Conduit Roadway
Entry Feature & Slgnage Parks & Recreation Facilities

Construction

District District District District District District District

Ownership

District

City of Winter Haven

District Bonds

District

District Bonds

County

Capital Financing•

Oger51t1on and Maintenance
County

District

District Bonds

District

District/City

District Bonds

District/City

District Bonds

District Bonds

City of Winter Haven District

District

District

District Bonds

District

*Costs not funded by bondswill be funded by the developer.

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EXHIBIT S

MASTER ASSESSMENT METHODOLOGY

FOR

VILLAMAR
COMMUNITY DEVELOPMENT DISTRICT

Date: December 5, 2018

Prepared by

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

Table of Contents
1.0 Introduction............................................................................ .................................,...., 	3
1.1 Purpose	3
1 .2 Background	3
Special Benefits and General Benefits	4 
4 Requirements of a Valid Assessment Methodology	4
Special Benefits Exceed the Costs Allocated	5
Assessment Methodology	5
Overview	5
Allocation of Debt.	6
Allocation of Benefit	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 Rolf	8
5..0 Appendix .....� 	9
Table 1 : Development Program	9
Table 2: Capital Improvement Cost Estimates	10
Table 3: Bond Sizing	11
Table 4: Allocation of Improvement Costs	12
Table 5: Allocation of Total Par Debt to Each Product Type	13
Table 6: Par Debt and Annual Assess ments	14
Table 7: Preliminary Assessmel'\t Roll 	15

GMS-CF, LLC does not represent the Villamar Community
Development District as a Municipal Advisor or Securities Broker nor is GMS·CF. LLC registered lo provide such services as described rn Seclion 158 of the
Securities and Exchange Act of 1934. as amended. Similarly, GMS•CF. LLC does not provide the Villamar Community Development District w1th financial
advisory services or offer inve$lment advice in any form

Introduction
The VillaMar 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 $22,250,000 of tax exempt bonds in one or more series (the "Bonds") for the puipose of financing certain infrasb"ucture improvements ("Capital Improvement Plan") within the District more specifically described in the Engineer's Report dated December 2018 prepared by Dennis Wood Engineering, LLC , as may be amended and supplemented from tune to time (the "Engineer's Report"). The District anticipates the construction of all or a portion of the Capital Improvements or Capital Improvement Plan ("Capital Improvements") that benefit property owne1s within the District.

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 each receives from the CapHal Improvements. 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 Improvements. Th.is Assessment Report is designed to conform to the requirements of Chapters 190 and 170, Florida Statutes with respect to special assessments and is consistent with our understanding of case law on tlti!I subject.
The District intends to impose non ad valorem special assessments ("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 or any other 1egal means available to the District. It is not the intent of this Assessment Report to address any other assessments, if applicable, thatmay be levied by the District, a homeowner's association, or any other unitof governmenl

Background
The District currently includes approximately 153.34 acres in the City of Winter Haven within Polk County, Florida. The development pl'Ogrant for the Distrkt currently envisions approximately 642 residential units. The proposed development program is depicted in Table 1. It is recognized that such development plan may change, and this Assessment Repo1t willbe modified or supplemented accordingly.
The Capital lmprovements contemplated by the District in the Capital Impt()VementPlan will provide facilities that benefit certain property within the Di.strict Specifically, the Distrkt will construct and/or acquire certain offsile improvements, stormwater management facilities, utility facilities, roadways, entry features, and park and amenity fealurcs. The acquisition and construction costs arc summarized in Table 2.

3

The assessment methodology isa four-step process.

The District Engu,eer must first determine the public infrastructure improvements that may be provided by the Districl and the rnsts to implement the Capital Improvements.
The District Hngineer determines the assessable acres that benefit from the District's Capital Improvements.
A calculation is made to determine the funding amounts necessary to acquire and/or construct the Capital lmprovernenls.
This amount is initially divided equally among the benefited properties on a prorated assessable acreage basis. ffiti.mately, as land is platted, this amount will be assigned to each of the benefited properties based on the number and type ofplatted units.

Special Benefits and General Benefits
Capita) Improvements undertaken by the District create special and peculiar benefits to the property, different in kind and degree, 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 jmplementation of the Capital Improvement Plan enables properties with.in the boundaries of the District l:o 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 bylaw.
The general public and property owners outside of the District may benefit from the provision of the Capital Improvements. However, any such benefit will be incidental for the purpose of the Capital Improvement Plan, which i� 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 Improvements. The property owners within the District are therefore receiving special benefits not received by the general public and those outside the District's boundaries.

Requirements of a Valid Assessment Methodology
There are two requirements under Florida law for a valid special assessment:

The properties must receive a special benefit from the Capital Improvements being paid for.

4

The assessments must be fairly and reasonably allocated or apportioned 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 Will Equal or Exceed the Costs Allocated

The special benefits provided to the property owners within the District will be equal to or 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
$17,227,625. The District's Underwriter projects that financing costs required to fund the Capital ImprovementPlan costs, the cost of issuance of the Bonds, the funding of a debt service  reserve  account and capitalized  interest,  will be approximately
$22,250,000. Without the Capital Improvement Plan, the property within the District would not be able to be developed and occupied by future residents of the commwrity.
Assessment Methodology

Overview

The District anticipates issuing approximately $22,250,000 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 $22,250,000 in. debt to the properties within the District benefiting from the Capital Iu.1provement Plan. This report will be supplemented to reflectactual bond terms.

Table 1 identifies the land uses and lot sides in the development as identified by the Devdoper within the District. The District has commissioned an Engineer's Report that includes estimated construction costs for the Capital Improvements needed to support the development, which these construction costs are outlined in Table 2. The Capital Improvements needed to support the development are described in detail in the Engineer's Report and are estimated to cost $17,227,625. Based on the estimated costs, the size of the Bond issue under CUlrent market conditions needed to generate hmds to pay for the Capital Improvements and related costs was determined by the District's Underwriter to total approximately $22,250,000. Table 3 shows the breakdown of the Bond sizing.

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 Improvements funded by District Bonds benefits allacres 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 bet1efiting from the Capital Improvements.

Once platting or the recording of a declaration of condominium of any portion of the District into individual lots or units ("Assigned Properties") has begun, the Special Assessmel\ls 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 allocat.ed to the assigned properties 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.

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

Allocation of Benefit

The Capital Improvement Plan consists of offsite improvements, stormwater management facilities, utility facilities, roadways, entry featmes, and park and amenity features and professional fees along with related incidental costs. There are three product types within the planned development. The 50 ' single family homehas been set as the base unit and has been assigned one equivalent residential unit ("ERU"). Table 4 shows the allocation of benefit to the particular product type. Il is important to note that the benefit derived from the Capital Improvements on a particular unit will exceed the cost that the unit 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 Improvemenls will provide several types of systems, facilities and services for its residents. These include offsite improvements, stormwater management facilities, utility facilities,

6

roadways, entry features, and park and amenity features. The benefit from the Capita] Improvements accrue in differing amounts and are somewhat dependent on the product type receiving the special benefits peculiar to that property type, which flow from the logical relationship of the Capital Improvements to the assigned 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 Capital Improvements actuaJly provided.

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

the added use of the property,
added enjoymento( the property, and
the 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 Special Assessment levied for the Capital Improvement 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 pub1ic improvements described in the Capital Improvement Plan 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 derormination has been made that the duty to pay the non-ad valorem special assessments is farrly and reasonably apportioned because the special and peculiar benefits to the pToperty derived from the acquisition and/or construction of Capital Improvement Plan have been apportioned to the property with.in the District according to reasonable estimates of the special and peculiar benefits provided consistentwith the product type of assignable properties.

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

In accordance with the benefit a1location suggested for the product types in Table 4, a total debt per unit and an annual assessment per unit have been cakulated for each product type (Table 6). These amounts represent the preliminary anticipated per unit

7

debt allocation assuming all anticipated assigned properties are built and sold as planned, and the entire proposed Capital Improvement Plan is constructed_

3.0	True Up Mechanism
Allhough the District does not process plats, declaration of condominiums, si.te plans or revisions thereto, 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 approved, 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 all 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 Bond Special Assessment revenue that remains on the Unassigned Properties, ta.king into account the full development plan of the District. If the total anticipated Bond Special 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 pJus accrued interest to a level that wlll be supported by the new net annual debt service assessments willbe 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 Special Assessments across the property within the District boundaries on a gross acreage basis. As Assigned Properties become known with certainty, the District will refine im allocation of debt from a per acre basis to a per unit basis as shown in Table 6. If the land use plan or product type changes, then the District w!U update Table 6 to reflect the changes as part of the foregoing true-up process. As a result, the assessment liens are not finalized with certainty  on  any  acre of  land  il'1  the  District prior  to  the  time  final  Assigned Properties become known. The current assessment roJI is attached as Table 7.

8

TABLE                                                   l VILLAMAR COMMUNllY DEVELOPMENT DISTRICT DEVELOPMENT PROGRAM
MASTER ASSESSMENT METHODOLOGY

Total Assessible
land Use	Units
Single Family - 40'	202
Single Fc1mily •SO' 	428
Single Familv - 70'	12
Total Units	642

ERUs per Unit (1)	Total ER Us

0.80	162

1.00	428
1.40	17

606

Benefitis	an

{11	allocated on	ERU basis; based on density ofplanned development, with Single family = 1 ERU

Unit mix Is subjectto change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

TABLE 2
VllLAMAR COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT PLAN COST ESTIMATES MASTER ASSESSMENT METHODOLOGY
Capital Improvement Plan ("CIP") {1) Offsite Improvements
Stormwater Management
Utilities (Water, Sewer, & Street Lighting)
Roadway
Entry Feature
Parks and Amenities Contingencies
0-
A detailed description ofthese Improvements is provided in the
Engineer's Report dated December 2018.

Prepared by: Governmental Management Services - Central Florida, LLC

Cost Estimate

$650,000
$8,016,465
$3,887,160
$2,864,000
$200,000
$800,000
$810,000

$17,227,625

TABLE 3
VILLAMAR COMMUNITY DEVELOPMENT DISTRICT BONO SIZING
MASTER ASSESSMENT METHODOLOGY

Description	Total

..&-

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

Par Amount*

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

$	17,227,625
$	1,616,438
$	2,670,000
$	445,000
$	220,000
$	70,937

$	22,250,000

6.00%
30 years 24 months Max Annual
2%

Par amount is subject to change based on the actual terms at the sale ofthe bonds

Prepared by: Governmental Management Services - Central Florida, LLC

TABLE 4
VILLAMAR COMMUNITY DEVELOPMENT DISTRICT AUOCATlON OF IMPROVEMENT COSTS
 MASTER ASSESSMENT METHODOLOGY	

Land Use	No. of Units *	ERU Factor	Total ERUs	ERUs	Costs Per Product Type	Per Unit	
Single Family - 40'
Single Family - SO'	202	0.8
1.00	162
428	26.6S%
70.58%	$	4,591,0�3
$	12,159,340	$22,728
$28,410	
Single Family - 70'	12	1.40	17	2.77%	$	477,282	$39,774	
Totals	642		606	100.00%	$	17,227,625		

% of Total	Total Improvements	Improvement Costs

428

* Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services- Central Florida, LLC

TABLE 5
VILLAMAR COMMUNITY DEVELOPMENT DISTRICT ALLOCATION OF TOTAL PAR DEBTTO EACH PRODUCT TI'PE MASTER ASSESSMENT METHODOLOGY

Total Improvements Costs Per Product
Land Use	No. of Units *	Type
Single Family - 40'	202	$	4,591,003
Single Family - 50'	428	$	12,159,340
Single Family - 70'	12	$	477,282
Totals	642	$	17,227,625
Unit mix is subject to change based on marketing and other factors

Prepared by: Govern mental Management Services - Central Florida, LLC

Allocation of Par Debt Per Product
Type	Par Debt Per Unit
$	5,929,420	$29,354
$	15,704,156	$36,692
$	616,425	$51,369
$	22,250,000

VILLAMARCOMMUNllY DEVELOPMENT DISTRICT

TABLf.6
PMAARSDTEERBTAASSNEDSSANMNENUTAML ASETHSEODSSOMLEONGTYS FOR EACH PRODUCTlYPE

$

Land Use	No. ofUnits •		DAellbotcaPTyptekrmPeroofdPuacrt Single Family • 40'		202	s	5,929,420

Total Par Debt Per Unit MaDxeimbtuSmerAvnicneual

s

$29,354	$	430,766

Net Annual   GrosDseAbntnual AsPseerssUmneitnt   APsesreUssnmite(n11t

Debt

$	2,133 $	2,293

Single Family  - 50'	428	15,704,156
Single Family -70'	12	$	616,425
Totals	642	s	22,250,000

$36,692	s	1,14404,,879803
$	1,616,438

$	2,666   $
$	3,732. $

42,,081636

Ill This amount includes collection fees and early payment discounts when collected on the Polk County Tax BIii
Unit mbc is subject to change basedon marketing and otherfactors

Prepared by: Governmental Management Services • Central Florida, LLC

TVAILBLAL EM7AR COMMUNITY DEVELOPMENT DISTRICT PMRAESLTIMERINAASRSYESASSMSEESNSTMMEENTTHROODLOL LOGY

Total Par Debt

Net Annual Debt GrossAnnual Debt

 	ID #'s•

 	Allocation Per	Total Par Debt	Assessment	Assessment	

Owner

Paint Creek UC

Totals

Property

See Legal Description

Acres	Acre

153.65	$144,810

153.65

Allocated	Allocation	Allocation (1)
$	22,250,000 $	1,616,438 s	1,738,105
$	1,616,438 $	1,738,105

(1} This amount includes 79' to covercollection fees and early payment discounts when collected utrlizing the uniform method.

....

Annual AssessmentPeriods Projected Bond Rate (%)

30
6.00%

UI	Maximum Annual DebtService	$1,616,438

• See Metes and Bounds, attached as ExhibitA

Prepared by: Governmental Management Services • Central Florida, LLC

VILLAMAR
COMMUNITY  DEVELOPMENT DISTRICT

flDRIOA,

PARCEl I (262922-0000G0-012010),_Patcel 2 (1&ZJn·3·Qqcu)00.032010), Partel 3 (262923.00DOOO-o31010} THAT PART Of SECTIONS 22 AN() 23, TOWNSHIP 29 SOUTH, MN(iE 26 EAST, POLI( COUNTY,
BEING MORE PARTICULARLV DESCRIBEDAS FOLLOWS:

TtiE

�AT lHE SOUTHEA$T�QRNEROf THE NORlHWE'ST � OF TH.E NORlliWfST ¼ OF SAID SECTION 23; THENCE N-00•44'39",W, ALONG THE WEST llOUNOARV THEREOF, A DISTANCE OF 662.14 FE£T TO THE NORTH BOUNDARY OF	SOUTH M OFTHE NORTHEAST I< OF THE NORTHWESTM OF SAIi> SECTION 23;THENCE N•89.32'SS!'-E, ALONGTHE NORTH 80UNDAAVTH0EREOF A DISTANCE Of 1307,27 FEET TO
THE WEST LIN£ oi: '(HE EAST 15.00 fEET OF SAl050UTl'I �OF THE NORrHEAST ,f OF THE NORTHWEST �:

THE NO"RTH£AST M 0�	OF SA,10 SECTION	S•B9-	ALONG

THENCE S-O(t4S'04"•E; AlONG SAID WEST UNE, A l>lSTANCEOJ: 664.06 FEETTO TH£ SOUTH llNE OF THE NORTHWEST "	2.3;THENCE	9l7'S1"•W,	SAID
SOUTH UJIIE A DISTANCE Of 4.00 FEETTO THE NORTHWEST CQRNE� OF �SUNDANCERANCH ESTAlES"

FEETTO THE NORlH 80l;J"JOARY QFLOT 13 OF.SAID, "SUNDANCE RANCH	w;  THENCEESTATES

THENCE s-oo·oa'.S9"·W, A�ONq THE WEST BQLINDARV OF SAlD "SUNDANCE RANCH E5TAT£5A, 678.40

AS RECORDED IN PLAT DOOi< 77, PAGE 28 OFTHE PUBLIC REtORDS OF POU( COUNTV, F_lORIDA;

8QUNDAI\Y OF "SUNDANCE RANCH ESTATES PHASE TWO" ASRECOROE0 1N PLATBOOK 80, PAGE 47, A

"SUNDANCE

Sif,"54'1l"·W, ALONG TH� �l\Tff BOUNDARY 9F SAID	RANCH £STATES" A� THE NORTH

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TO	RIGHT·OF•WAY

129.09 FEET; THENCE 2)'S:ob•o3•19".£, S96.81 FEET; THENCE31 5,.s9•so•21"-W, U47.79 FEET; THENCE

TO THE

4) 5-.53•01•53".W, 163.42 FEET	THE EAST	LINE OF THE (SX TRANSPORTATION RAILROAD; THENCE N-36·sa·o,,..w, Atm�G SAID EA$T RlGHT·OF-WAY, A DISTANCE ()F 1688.64,FEST

1325,08

WEST LINE bf THE SOU"(HEAST ){ OF TH£ NORTHeA$T K OF THE AFO�EMENTIO�eo ��CTION 27; THENCE N•00"3S'041'-W,AtONµ SAIDWEST Ufa 13S.11 FEET TO THE NORTHWESTCORNER OF THE SOUTHE,\ST KOfTHE NORTHEMT � Of SAlQ SECTION 22; THENCE S-89"38'0S"·E, ALONGTHE NotUff LINE THEREOF, A'DISTANCE OF 1�38.SS FET TO THE WEST BOUNDARY OF THE AfORi:MEt-JTIONED SECTION 23; THl:NCE N-89.41'51"·£, ALONG THE NORTH llNE OF THE SOUTHWESTJi OF THE NORlHWEST U E>F SAIO SECTION 2�,-A DiSTANCE OF	FEETTO T.HE POINT OF BEGINNING.
CONTAINiNG U0.13AC:RES, MORE OR LE�S.
!!!2

-OF-WAY

SHOWNON THE MAP OR PtAT OF "5UNDANCE RANCH	AS	BOOK	P.AGF.

THAT PQRflON Of THE 60.0l;)•fOQT-WIDI; PLATTED RIGH T	FOR CHERRY BLOSSOM lANE AS
ESTATES"	RECORDED IN PlAT	17,
:Z8, Pl.JBUC RECORDSOF POlK <;OUNTY, flORIDA, DESCRl8Et> AS:

1

RIGHT•OF-IWAY	NORTHl:ASTCORNER

BEGIN Af THE NORTHEASTCORNER OF TH£ SOUTH ½ OF THE NORTHWEST " OF SECTIO.N 2a, TOWNSHIP 29 SOUTH, RANG� 26 EAST, 1'0lk COUNTY, FLORIQA, ANO RUN THENCE ALONG THE NORTHERLY

AlONG THE EASTEALY RIGHT·OF·WAY THEREOF s-oo•os' l2 ·E, 60.48 FEET; THENCE DEPARTING SAID

'flil!AEdF-N•89•0 21"·E, 41.Go F�ETTO THE	THEREOF; THENCE
u

TO THE NORTHWEST

lANE; THENCE ALONG SAID WESTEJU.Y RIGHT-OF•WAV

THEREO

SEAASIDTECRHLEYRRRIYGHBLTO·OSSF·OWMAY S-89"23'59•-w, 60.00 FEET TO A POINT ON THE WESTNER·OOLY'ORSIG'JH?.T"-•OWf,•W61A.0V1OFFEIT

S,.,89'10'3l"·E, 19.00 FCEOERTNTEORTTHiiEEPROEOINFT; TOHFEBNECGEINANLOINNGG. THE NORTHERlY RIGliT•OF·WAV
-	CONTAINING 3,641 SQUARE FEET, MORE OR LESS.

F

PAGE 1 OF 2

D...enn-l�s.

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Engineering	ms e.uTOw ROAD
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OENHIS WOOD, HIOfESSlONAL .Ef/GiNEEfl
EMAIL: dennlswob<leng1neerJf'9@9rnall.com

EXHIBIT 2 VILLAMAR CD0
LEG.    AL  D.  ESCRIPTION
16

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CONTAINING J�l.26 ACRES, MORE OR lESS.

LINE THEREOF A DISTANCE OF 636.67 FEET TO THE NORTH RIGHT-Of.WAY OF CUNNINGHAM ROAD;

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EXHIBIT 2 VILLAMAR CDD

EDMffAflll'tILW: O.dOei>n. o,RlsQwFl:Q$SoIOdH�Anl9€l1�lGelt{eErfiRng@grn11il.com	17 LEGAL  OE.SCRIPTION

SECTION V

�

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT
REQUEST FOR PROPOSALS

CONSTRUCTION SERVICES FOR MASTER PROJECT IMPROVEMENTS (PHASE 2) POLK COUNTY, FLORIDA

Notice is hereby given that the VillaMar Community Development District ("District") will receive proposals for the following District project:
Master project construction site work for Phase 2, including [JNSERT PROJECT
DESCRIPTION].
The Project Manual wiJI be available beginning 	, 	, 2019 at 8:00 AM EST at the offices of the VillaMar Community Development District's ("District's") Engineer, Wood & Associates Engineering, LLC, located at 1925 Bartow Road, Lakeland, Florida 33801 or by calling (863) 940-2040 or emailing dennis@woodcivil.com. Each Project Manual will include, but not be limited to, the Request for Proposals, proposal and i;ontract documents, and construction plans and specifications.
111e District reserves the right to reject any and all proposals, make modifications to the work, award the contract in whole or in part with or without cause, provide for the delivery of the project in phases, and waive minor or technical irregularities in any Proposal, as it deems appropriate, if it detennines in its discretion that it is in the District's best interests to do so. Each proposal shall be accompanied by a proposal guarantee in the form of a proposal bond or certified cashier's check in an amount not less than five percent (5%) ofthe total bid to be retained in the event the successful proposer fails to execute a contract with the District and file the requisite Performance and Payment Bonds and insurance within fourteen (14) calendar days after the receipt ofthe Notice of Award.
Any person who wishes to protest the Project Manual, or any component thereot: shall file with the District a written notice of protest within seventy-two (72) calendar hours (excluding Saturdays, Sundays, and state holidays) after the Project Manual is made available, and shall file a fonnal written protest with the District within seven (7) calendar days (including Saturdays, Sundays, and state holidays) after the date of timely filing the initial notice of protest. Filing will be perfected and deemed to have occurred upon receipt by the District Engineer directed to Dennis Wood at dennis@woodcivil.com. Failure to timely file a notice of protest or failure to timely file a formal written protest shall constitute a waiver of any right to object to or protest the contents of the District's Project Manual. The fotmal written protest shall state with particularity the facts and law upon which the protest is based.
Ranking of proposals will be made on the basis of qualifications according to the evaluation criteria contained within the Project Manual; however, please note that proposals received from finns failing to meet the following minimum qualifications/requirements will not be considered or evaluated:
(1) Proposer will have constructed three (3) improvements similar in quality and scope with a minimum of $1,000,000 in total volume construction cost within the last ftve (5) years; (2) Proposer will have minimum bonding capacity of$1,000,000 from a surety company acceptable to the District; (3) Proposer is authorized to do business in Florida; and (4) Proposer is registered with Polk County and is a licensed contractor in the State of Florida.
Any and all questions relative to this project shall be directed in email only to dennis@woodciviLcom no later than 8:00 AM EST, on Friday,  	__, 2019.
Firms desiring to provide services for this project must submit one (1) original and (1) electronic copy in PDF included with the submittal package of the required proposal no later than 5:00 PM EST,
 	  		• 2019, at the offices of Wood & Associates Engineering, LLC, 1925 Baitow Road

Lakeland, FL 33801. Proposals shall be submitted in a sealed opaque package, shall bear the name of the proposer on the outside of the package and shall identify the name of the project. Proposals will be opened at a public meeting to be held at 3:00 PM EST,     _,, 	-J 2019, at the offices of Wood & Associates Engineering, LLC, 1925 Bartow Road, Lakeland, FL 33801. No official action will be taken at the meeting. Proposals received after the time and date stipulated above will be returned un­ opened to the proposer. Any proposal not completed as specified or missing the required proposal documents as provided in the Project Manual may be disqualified.
VillaMar Community Development District District Manager
Run Date:	 	 		, 2019

�

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT EVALUATION CRITERIA
CONSTRUCTION SERVICES FOR MASTER PROJECT IMPROVEMENTS (PHASE 2) POLK COUNTY, FLORIDA

PERSONNEL	(5 POlNTS)

E.g., geographic location of firm's headquarters; adequacy and capabilities of key personnel, including the project manager and field supervisor; present ability to manage this project; evaJuation of existing work load; proposed staffing levels, etc.
EXPERIENCE

E.g., past record and experience of the respondent in self performing similar projects; past performance for this District and other community development district's in other contracts; character, integrity, reputation of respondent, etc.;

UNDERSTANDING SCOPE OF WORK
Demonstration ofthe Proposer's understanding ofthe project requirements.
FINANCIAL CAPABILITY

(20 POINTS)

(10 POINTS)

Extent to which the proposal demonstrates the adequacy of the Proposer's financial resources and stability as a business entity, necessary to complete the services required.
SCHEDULE	(25POINTS)
Demonstration of Proposer's understanding (through presentation in the proposal of a milestone schedule) of how to meet the required substantial and final completion dates. Consideration will be given to proposers that indicate an ability to credibly complete the project in advance of the required substantial and fmal completion dates without a premium cost for accelerated work.
PRICE	(25POINTS)
Points available for price will be allocated as follows:
15 Points will be awarded to the Proposer submitting the lowest cost proposal for completing the work. All other Proposers will receive a percentage of this amount based upon the difference between the Proposer's bid and the low proposer.
10 Points are allocated for the reasonableness of unit prices and balance of proposer.

TOTAL POINTS	(100 POINTS)