VillaMar Community Development District
Meeting Agenda February 6, 2024

-. ·- -

VillaMar
Community Development District

219 E. Livingston St., Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526

January 30, 2024

Board of Supervisors VillaMar
Community Development District

Dear Board Members:

A meeting of the Audit Committee and Board of Supervisors of the VillaMar Community Development District will be held Tuesday, February 6, 2024 at 11:00 AM at the Holiday Inn—Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, FL 33880.

Zoom Video Join Link: https://us06web.zoom.us/j/88146441262
Call-In Information: 1-646-876-9923
Meeting ID: 881 4644 1262

Following is the advance agenda for the meeting:

Audit Committee Meeting

Roll Call
Public Comment Period
Review of Proposals and Tally of Audit Committee Members Rankings
Grau & Associates
Adjournment

Board of Supervisors 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 December 5, 2023 Board of Supervisors Meeting and Audit Committee Meeting
Acceptance of the Rankings of the Audit Committee and Authorizing Staff to Send Notice of Intent to Award
Presentation and Approval of Supplemental Assessment Methodology for Assessment Area Six dated January 25, 2024
Consideration of Resolution 2024-05 Supplemental Assessment Resolution for Series 2024 Bonds (Assessment Area Six Project)

1 Comments will be limited to three (3) minutes

Public Hearing
Public Hearing on the Adoption of Amended Parking and Towing Policies for the District
Consideration of Resolution 2024-06 Adopting Amended Parking and Towing Policies for the District
Consideration of Resolution 2024-07 Appointing an Assistant Treasurer and an Assistant Secretary
Consideration of Resolution 2024-08 Setting a Public Hearing on the Adoption of Easement Variance Rules for the District
Discussion Regarding Revised Security Contract with Securitas (NOT A CLOSED SESSION)
Ratification of Construction Funding Agreement for Phase 7 Improvements
Ratification of Temporary Construction Access and Easement Agreement for Phase 7 Improvements
Ratification of Notice of Commencement for Phase 7
Staff Reports
Attorney
Engineer
Field Manager’s Report (to be provided under separate cover)
District Manager’s Report
Approval of Check Register
Balance Sheet & Income Statement
Other Business
Supervisors Requests and Audience Comments
Adjournment

Audit Committee Meeting

Section III

Section A

Proposal to Provide
Financial Auditing Services:
VILLAMAR
COMMUNITY DEVELOPMENT DISTRICT

Proposal Due: January 29, 2024 5:00PM

Submitted to:
VillaMar
Community Development District c/o District Manager
219 East Livingston Street Orlando, Florida 32801

Submitted by:
Antonio J. Grau, Partner Grau & Associates
951 Yamato Road, Suite 280 Boca Raton, Florida 33431 Tel	(561) 994-9299
(800) 229-4728
Fax	(561) 994-5823
tgrau@graucpa.com www.graucpa.com

Table of Contents	Page
EXECUTIVE SUMMARY / TRANSMITTAL LETTER	1
FIRM QUALIFICATIONS	3
FIRM & STAFF EXPERIENCE	6
REFERENCES	11
SPECIFIC AUDIT APPROACH	13
COST OF SERVICES	17
SUPPLEMENTAL INFORMATION	19

January 29, 2024

VillaMar Community Development District c/o District Manager
219 East Livingston Street Orlando, Florida 32801

Re:	Request for Proposal for Professional Auditing Services for the fiscal year ended September 30, 2023, with an option for four (4) additional annual renewals.

Grau & Associates (Grau) welcomes the opportunity to respond to the VillaMar Community Development District’s (the “District”) Request for Proposal (RFP), and we look forward to working with you on your audit. We are an energetic and robust team of knowledgeable professionals and are a recognized leader of providing services to Community Development Districts. As one of Florida’s few firms to primarily focus on government, we are especially equipped to provide you an effective and efficient audit.

Special district audits are at the core of our practice: we have a total of 360 clients, 329 or 91% of which are special districts. We know the specifics of the professional services and work products needed to meet your RFP requirements like no other firm. With this level of experience, we are able to increase efficiency, to provide immediate and continued savings, and to minimize disturbances to client operations.

Why Grau & Associates:

Knowledgeable Audit Team
Grau is proud that the personnel we assign to your audit are some of the most seasoned auditors in the field. Our staff performs governmental engagements year round. When not working on your audit, your team is refining their audit approach for next year’s audit. Our engagement partners have decades of experience and take a hands-on approach to our assignments, which all ensures a smoother process for you.

Servicing your Individual Needs
Our clients enjoy personalized service designed to satisfy their unique needs and requirements. Throughout the process of our audit, you will find that we welcome working with you to resolve any issues as swiftly and easily as possible. In addition, due to Grau’s very low turnover rate for our industry, you also won’t have to worry about retraining your auditors from year to year.

Developing Relationships
We strive to foster mutually beneficial relationships with our clients. We stay in touch year round, updating, collaborating and assisting you in implementing new legislation, rules and standards that affect your organization. We are also available as a sounding board and assist with technical questions.

Maintaining an Impeccable Reputation
We have never been involved in any litigation, proceeding or received any disciplinary action. Additionally, we have never been charged with, or convicted of, a public entity crime of any sort. We are financially stable and have never been involved in any bankruptcy proceedings.

Complying With Standards
Our audit will follow the Auditing Standards of the AICPA, Generally Accepted Government Auditing Standards, issued by the Comptroller General of the United States, and the Rules of the Auditor General of the State of Florida, and any other applicable federal, state and local regulations. We will deliver our reports in accordance with your requirements.

This proposal is a firm and irrevocable offer for 90 days. We certify this proposal is made without previous understanding, agreement or connection either with any previous firms or corporations offering a proposal for the same items. We also certify our proposal is in all respects fair, without outside control, collusion, fraud, or otherwise illegal action, and was prepared in good faith. Only the person(s), company or parties interested in the project as principals are named in the proposal. Grau has no existing or potential conflicts, and anticipates no conflicts during the engagement. Our Federal I.D. number is 20-2067322.

We would be happy to answer any questions or to provide any additional information. We are genuinely excited about the prospect of serving you and establishing a long-term relationship. Please do not hesitate to call or email either of our Partners, Antonio J. Grau, CPA (tgrau@graucpa.com) or David Caplivski, CPA (dcaplivski@graucpa.com) at 561.994.9299. We thank you for considering our firm’s qualifications and experience.

Very truly yours, Grau & Associates
Antonio J. Grau

Firm Qualifications

Grau’s Focus and Experience

Our Team

3
Partners

10
Professional Staff

2
Administrative Professionals

9/13
Employees are CPAS

Year founded

Services Provided

297

Community Development Districts Served

Properly registered and
licensed professional corporation by the state of FLORIDA

9
Professional Groups

We are proud Members of the American Institute of Certified Public Accountants
&
the Florida Institute of Certified Public Accountants

See next page for report and certificate

⇒ External quality review program: consistently receives a pass
⇒ Internal: ongoing monitoring to maintain quality

AICPA | FICPA | GFOA | FASD | FGFOA

Firm & Staff Experience

GRAU AND ASSOCIATES COMMUNITY
DEVELOPMENT DISTRICT EXPERIENCE BY MANAGEMENT COMPANY

OTHER
19

PFM
12

WRATHELL
30

GMS
78

INFRAMARK
38

SDS
60

RIZZETTA
47

MERITUS
23

Profile Briefs:

Antonio J GRAU, CPA (Partner)
Years Performing Audits: 35+
CPE (last 2 years): Government Accounting, Auditing: 24 hours; Accounting, Auditing and Other: 56 hours
Professional Memberships: AICPA, FICPA, FGFOA, GFOA

David Caplivski, CPA (Partner)
Years Performing Audits: 13+
CPE (last 2 years): Government Accounting, Auditing: 24 hours; Accounting, Auditing and Other: 64 hours
Professional Memberships: AICPA, FICPA, FGFOA, FASD

“Here at Grau & Associates, staying up to date with the current technological landscape is one of our top priorities. Not only does it provide a more positive experience for our clients, but it also allows us to perform a more effective and efficient audit. With the every changing technology available and utilized by our clients, we are constantly innovating our audit process.”
-	Tony Grau
“Quality audits and exceptional client service are at the heart of every decision we make. Our clients trust us to deliver a quality audit, adhering to high standards and assisting them with improvements for their organization.”
- David Caplivski

YOUR ENGAGEMENT TEAM

Grau’s client-specific engagement team is meticulously organized in order to meet the unique needs of each client. Constant communication within our solution team allows for continuity of staff and audit team.

Grau contracts with an outside group of IT management consultants to assist with matters including, but not limited to; network and database security, internet security and vulnerability testing.

An advisory consultant will be available as a sounding board to advise in those areas where problems are encountered.

The assigned personnel will work closely with the partner and the District to ensure that the financial statements and all other reports are prepared in accordance with professional standards and firm policy.
Responsibilities will include planning the audit; communicating with the client and the partners the progress of the audit; and
determining that financial statements and all reports issued by the firm are accurate, complete and are prepared in accordance with professional standards and firm policy.

The Engagement Partner will participate extensively during the various stages of the engagement and has direct responsibility for engagement policy, direction, supervision, quality control, security, confidentiality of information of the engagement and communication with client personnel. The engagement partner will also be involved directing the development of the overall audit approach and plan; performing an overriding review of work papers and ascertain client satisfaction.

Antonio ‘Tony ‘ J. Grau, CPA
Partner
Contact: tgrau@graucpa.com | (561) 939-6672
Experience
For over 30 years, Tony has been providing audit, accounting and consulting services to the firm’s governmental, non-profit, employee benefit, overhead and arbitrage clients. He provides guidance to clients regarding complex accounting issues, internal controls and operations.
As a member of the Government Finance Officers Association Special Review Committee, Tony participated in the review process for awarding the GFOA Certificate of Achievement in Financial Reporting. Tony was also the review team leader for the Quality Review of the Office of Management Audits of School Board of Miami-Dade County. Tony received the AICPA advanced level certificate for governmental single audits.

Education
University of South Florida (1983) Bachelor of Arts
Business Administration

Clients Served (partial list)

(>300) Various Special Districts, including:		
Bayside Improvement Community Development District Dunes Community Development District
Fishhawk Community Development District (I,II,IV) Grand Bay at Doral Community Development District Heritage Harbor North Community Development District	St. Lucie West Services District
Ave Maria Stewardship Community District Rivers Edge II Community Development District Bartram Park Community Development District
Bay Laurel Center Community Development District	
Boca Raton Airport Authority Greater Naples Fire Rescue District
Key Largo Wastewater Treatment District Lake Worth Drainage District
South Indian River Water Control		

Professional Associations/Memberships
American Institute of Certified Public Accountants Florida Government Finance Officers Association Florida Institute of Certified Public Accountants  Government Finance Officers Association Member City of Boca Raton Financial Advisory Board Member

Professional Education (over the last two years)
Course	Hours
Government Accounting and Auditing	24
Accounting, Auditing and Other	56
Total Hours	80 (includes of 4 hours of Ethics CPE)

David Caplivski, CPA/CITP, Partner
Contact : dcaplivski@graucpa.com / 561-939-6676
Experience
Grau & Associates	Partner	2021-Present	
Grau & Associates	Manager	2014-2020	
Grau & Associates	Senior Auditor	2013-2014	
Grau & Associates	Staff Auditor	2010-2013	

Education
Florida Atlantic University (2009) Master of Accounting
Nova Southeastern University (2002) Bachelor of Science
Environmental Studies

Certifications and Certificates
Certified Public Accountant (2011)
AICPA Certified Information Technology Professional (2018) AICPA Accreditation COSO Internal Control Certificate (2022)

Clients Served (partial list)
(>300) Various Special Districts	Hispanic Human Resource Council	
Aid to Victims of Domestic Abuse	Loxahatchee Groves Water Control District	
Boca Raton Airport Authority	Old Plantation Water Control District	
Broward Education Foundation	Pinetree Water Control District	
CareerSource Brevard	San Carlos Park Fire & Rescue Retirement Plan	
CareerSource Central Florida 403 (b) Plan	South Indian River Water Control District	
City of Lauderhill GERS	South Trail Fire Protection & Rescue District	
City of Parkland Police Pension Fund	Town of Haverhill	
City of Sunrise GERS	Town of Hypoluxo	
Coquina Water Control District	Town of Hillsboro Beach	
Central County Water Control District	Town of Lantana	
City of Miami (program specific audits)	Town of Lauderdale By-The–Sea Volunteer Fire Pension	
City of West Park	Town of Pembroke Park	
Coquina Water Control District	Village of Wellington	
East Central Regional Wastewater Treatment Facl.	Village of Golf	
East Naples Fire Control & Rescue District		

Professional Education (over the last two years)
Course	Hours
Government Accounting and Auditing	24
Accounting, Auditing and Other	64
Total Hours	88 (includes 4 hours of Ethics CPE)
Professional Associations
Member, American Institute of Certified Public Accountants Member, Florida Institute of Certified Public Accountants Member, Florida Government Finance Officers Association Member, Florida Association of Special Districts

References

We have included three references of government engagements that require compliance with laws and regulations, follow fund accounting, and have financing requirements, which we believe are similar to the District.

 Dunes Community Development District		
Scope of Work	Financial audit	
Engagement Partner	Antonio J. Grau	
Dates	Annually since 1998	
Client Contact	Darrin Mossing, Finance Director 475 W. Town Place, Suite 114
St. Augustine, Florida 32092
                    904-940-5850		

 Two Creeks Community Development District		
Scope of Work	Financial audit	
Engagement Partner	Antonio J. Grau	
Dates	Annually since 2007	
Client Contact	William Rizzetta, President 3434 Colwell Avenue, Suite 200
Tampa, Florida 33614
                  813-933-5571		

 Journey’s End Community Development District		
Scope of Work	Financial audit	
Engagement Partner	Antonio J. Grau	
Dates	Annually since 2004	
Client Contact	Todd Wodraska, Vice President 2501 A Burns Road
Palm Beach Gardens, Florida 33410
                  561-630-4922		

Specific Audit Approach

AUDIT APPROACH
Grau’s Understanding of Work Product / Scope of Services:
We recognize the District is an important entity and we are confident our firm is eminently qualified to meet the challenges of this engagement and deliver quality audit services. You would be a valued client of our firm and we pledge to commit all firm resources to provide the level and quality of services (as described below) which not only meet the requirements set forth in the RFP but will exceed those expectations. Grau & Associates fully understands the scope of professional services and work products requested. Our audit will follow the Auditing Standards of the AICPA, Generally Accepted Government Auditing Standards, issued by the Comptroller General of the United States, and the Rules of the Auditor General of the State of Florida and any other applicable Federal, State of Local regulations. We will deliver our reports in accordance with your requirements.

Proposed segmentation of the engagement
Our approach to the audit engagement is a risk-based approach which integrates the best of traditional auditing techniques and a total systems concept to enable the team to conduct a more efficient and effective audit. The audit will be conducted in three phases, which are as follows:

PHASE I:
Preliminary Planning

PHASE II:
Execution of the Audit Plan

PHASE III:
Completion and Delivery

Phase I - Preliminary Planning
A thorough understanding of your organization, service objectives and operating environment is essential for the development of an audit plan and for an efficient, cost-effective audit. During this phase, we will meet with appropriate personnel to obtain and document our understanding of your operations and service objectives and, at the same time, give you the opportunity to express your expectations with respect to the services that we will provide. Our work effort will be coordinated so that there will be minimal disruption to your staff.

During this phase we will perform the following activities:
» Review the regulatory, statutory and compliance requirements. This will include a review of applicable federal and state statutes, resolutions, bond documents, contracts, and other agreements;
» Read minutes of meetings;
» Review major sources of information such as budgets, organization charts, procedures, manuals, financial systems, and management information systems;
» Obtain an understanding of fraud detection and prevention systems;
» Obtain and document an understanding of internal control, including knowledge about the design of relevant policies, procedures, and records, and whether they have been placed in operation;
» Assess risk and determine what controls we are to rely upon and what tests we are going to perform and perform test of controls;
» Develop audit programs to incorporate the consideration of financial statement assertions, specific audit objectives, and appropriate audit procedures to achieve the specified objectives;
» Discuss and resolve any accounting, auditing and reporting matters which have been identified.

Phase II – Execution of Audit Plan
The audit team will complete a major portion of transaction testing and audit requirements during this phase. The procedures performed during this period will enable us to identify any matter that may impact the completion of our work or require the attention of management. Tasks to be performed in Phase II include, but are not limited to the following:
» Apply analytical procedures to further assist in the determination of the nature, timing, and extent of auditing procedures used to obtain evidential matter for specific account balances or classes of transactions;
» Perform tests of account balances and transactions through sampling, vouching, confirmation and other analytical procedures; and
»  Perform tests of compliance.
Phase III - Completion and Delivery

In this phase of the audit, we will complete the tasks related to year-end balances and financial reporting. All reports will be reviewed with management before issuance, and the partners will be available to meet and discuss our report and address any questions. Tasks to be performed in Phase III include, but are not limited to the following:

» Perform final analytical procedures;
»  Review information and make inquiries for subsequent events; and
» Meeting with Management to discuss preparation of draft financial statements and any potential findings or recommendations.

You should expect more from your accounting firm than a signature in your annual financial report. Our concept of truly responsive professional service emphasizes taking an active interest in the issues of concern to our clients and serving as an effective resource in dealing with those issues. In following this approach, we not only audit financial information with hindsight but also consider the foresight you apply in managing operations.

Application of this approach in developing our management letter is particularly important given the increasing financial pressures and public scrutiny facing today’s public officials. We will prepare the management letter at the completion of our final procedures.

In preparing this management letter, we will initially review any draft comments or recommendations with management. In addition, we will take necessary steps to ensure that matters are communicated to those charged with governance.

In addition to communicating any recommendations, we will also communicate the following, if any:

» Significant audit adjustments;
» Significant deficiencies or material weaknesses;
» Disagreements with management; and
»  Difficulties encountered in performing the audit.

Is the recommendation cost effective?

Is the recommendation the simplest to effectuate in order to correct a problem?

Is the recommendation at the heart of the problem and not just correcting a symptomatic matter?

Is the corrective action taking into account why the deficiency occurred?

Our findings will contain a statement of condition describing the situation and the area that needs strengthening, what should be corrected and why. Our suggestions will withstand the basic tests of corrective action:

To assure full agreement with facts and circumstances, we will fully discuss each item with Management prior to the final exit conference. This policy means there will be no “surprises” in the management letter and fosters a professional, cooperative atmosphere.

Communications
We emphasize a continuous, year-round dialogue between the District and our management team. We regularly communicate through personal telephone calls and electronic mail throughout the audit and on a regular basis.
Our clients have the ability to transmit information to us on our secure client portal with the ability to assign different staff with separate log on and viewing capability. This further facilitates efficiency as all assigned users receive electronic mail notification as soon as new information has been posted into the portal.

Cost of Services

Our proposed all-inclusive fees for the financial audit for the fiscal years ended September 30, 2023-2027 are as follows:

  Year Ended September 30,			Fee		
2023	$5,500	
2024	$5,600	
2025	$5,700	
2026	$5,800	
2027	$5,900	
TOTAL (2023-2027)	$28,500	

The above fees are based on the assumption that the District maintains its current level of operations. Should conditions change or Bonds are issued the fees would be adjusted accordingly upon approval from all parties concerned.

Supplemental Information

	Governmental Audit	Single Audit	Utility Audit	
Current Client	
Year End	
Boca Raton Airport Authority					9/30	
Captain's Key Dependent District					9/30	
Central Broward Water Control District					9/30	
Collier Mosquito Control District					9/30	
Coquina Water Control District					9/30	
East Central Regional Wastewater Treatment Facility					9/30	
Florida Green Finance Authority					9/30	
Greater Boca Raton Beach and Park District					9/30	
Greater Naples Fire Control and Rescue District					9/30	
Green Corridor P.A.C.E. District					9/30	
Hobe-St. Lucie Conservancy District					9/30	
Indian River Mosquito Control District					9/30	
Indian Trail Improvement District					9/30	
Key Largo Wastewater Treatment District					9/30	
Lake Padgett Estates Independent District					9/30	
Lake Worth Drainage District					9/30	
Lealman Special Fire Control District					9/30	
Loxahatchee Groves Water Control District					9/30	
Old Plantation Control District					9/30	
Pal Mar Water Control District					9/30	
Pinellas Park Water Management District					9/30	
Pine Tree Water Control District (Broward)					9/30	
Pinetree Water Control District (Wellington)					9/30	
Ranger Drainage District					9/30	
Renaissance Improvement District					9/30	
San Carlos Park Fire Protection and Rescue Service District					9/30	
Sanibel Fire and Rescue District					9/30	
South Central Regional Wastewater Treatment and Disposal Board					9/30	
South-Dade Venture Development District					9/30	
South Indian River Water Control District					9/30	
South Trail Fire Protection & Rescue District					9/30	
Spring Lake Improvement District					9/30	
St. Lucie West Services District					9/30	
Sunshine Water Control District					9/30	
West Villages Improvement District					9/30	
Various Community Development Districts (297)					9/30	
TOTAL	333	5	3	328		

CONSULTING / MANAGEMENT ADVISORY SERVICES

Grau & Associates also provide a broad range of other management consulting services. Our expertise has been consistently utilized by Governmental and Non-Profit entities throughout Florida. Examples of engagements performed are as follows:

Accounting systems
Development of budgets
Organizational structures
Financing alternatives
IT Auditing	Fixed asset records
Cost reimbursement
Indirect cost allocation
Grant administration and compliance	

ARBITRAGE

The federal government has imposed complex rules to restrict the use of tax-exempt financing. Their principal purpose is to eliminate any significant arbitrage incentives in a tax-exempt issue. We have determined the applicability of these requirements and performed the rebate calculations for more than 150 bond issues, including both fixed and variable rate bonds.

73

Current Arbitrage Calculations

We look forward to providing VillaMar Community Development District with our resources and experience to accomplish not only those minimum requirements set forth in your Request for Proposal, but to exceed those expectations!

For even more information on Grau & Associates please visit us on www.graucpa.com.

VillaMar CDD Auditor Selection	
	
Ability of Personnel (20 pts)	
Proposer's Experience (20 pts)	
Understading of Scope of Work (20 pts)	
Ability to Furnish the Required Services (20 pts)	

Price (20 pts)	
Total Points Earned	
Ranking
(1 being highest)	

2023- $5,500			
					2024- $5,600			
					2025- $5,700			
					2026- $5,800			
Grau & Associates					2027- $5,900			

Board of Supervisors Meeting

MINUTES

MINUTES OF MEETING VILLAMAR
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the VillaMar Community Development District was held on Tuesday, December 5, 2023 at 11:00 a.m. at the Holiday Inn – Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, Florida.

Present and constituting a quorum:

Rennie Heath	Chairman
Lauren Schwenk	Assistant Secretary
Eric Lavoie	Assistant Secretary

Also, present were:

Jill Burns	District Manager, GMS
Lauren Gentry	District Counsel, KVW Law
Savannah Hancock	District Counsel, KVW Law
Ashton Bligh	Bond Counsel, Greenberg Traurig
Marshall Tindall	Field Manager, GMS

The following is a summary of the discussions and actions taken at the December 5, 2023 VillaMar Community Development District’s Regular Board of Supervisor’s Meeting.

FIRST ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order. There were three Supervisors present in person constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Burns opened the public comment portion of the meeting. There were no members of the public present at this time and no members of the public joining via Zoom.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the November
2, 2023 Board of Supervisors Meeting and Landowners’ Meeting

Ms. Burns presented the meeting minutes from the November 2, 2023 Board of Supervisors meeting and Landowner’s meeting and asked for any corrections, comments, or questions. Hearing none, she asked for a motion of approval.

On MOTION by Mr. Heath, seconded by Ms. Schwenk, with all in favor, the Minutes of the November 2, 2023 Board of Supervisors Meeting and Landowner’s Meeting, were approved.

FOURTH ORDER OF BUSINESS	Presentation	and	Approval	of
Supplemental Engineer’s Report for Assessment Area Six dated December 5, 2023
Mr. Bannon stated they updated the Supplemental Engineer’s Report for area six which is development Phase 7. Looking at Exhibit “A” there is the summary of probable cost updated with actual numbers from the selected bid. He noted they are at $15,000,000 for cost including electric and all utilities, stormwater offsite, entry and landscape costs are incorporated also the amenity center cost projected for that area. He noted the permitting chart has also been updated showing all expected approvals this month.

On MOTION by Mr. Heath, seconded by Mr. Lavoie, with all in favor, the Supplemental Engineer’s Report for Assessment Area Six Dated December 5, 2023, was approved.

FIFTH ORDER OF BUSINESS	Presentation   and   Approval   of
Supplemental Assessment Methodology for Assessment Area Six dated December 5, 2023
Ms. Burns stated this report has been updated with the most recent bond sizing provided by FMS. There are 393 units in Assessment Area Six. Table two shows the capital improvement plan cost estimate $15,002,951. Estimated bond sizing is $8,090,000. Table four outlines the improvement cost per unit. Table five shows the par debt per unit on the 150 Meritage lots that would be $18,098 after developer contribution of $603,937 as recognized. The other single lots are $22,120. Table six outlines the net and gross annual debt assessment per unit. The gross annual debt assessment per unit when collected on the tax bill for the Meritage lots is
$14,051.61, its $13,050 net on those and then it is $16,050 net on the rest and $17,074.19 when

collected on roll. Table seven shows the preliminary assessment roll. We have Cunningham Investors, LLC still listed and that transfer is taking place this week. She noted she will make that change to VMarDev.

On MOTION by Ms. Schwenk, seconded by Mr. Heath, with all in favor, the Supplemental Assessment Methodology for Assessment Area Six Dated December 5, 2023, was approved as amended.

SIXTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-03
Delegation Resolution (Series 2023 Assessment Area 6 Bonds)
Ms. Bligh stated this is a supplemental resolution contemplated when the Board adopted the original resolution which was subsequently amended twice. This delegation resolution contains documents as exhibits the forms of which are attached to the resolution. It is authorizing the sale of one series of bonds for the primary purpose of providing funds to pay all or a portion of the cost of the public infrastructure for 393 residential units. This area is referred to as assessment six project. It is described in schedule one which is the project cost table from the Supplemental Engineer’s Report which was previously approved. A couple of items to point out including sections four and five. Florida law requires certain findings so you do not have to do a public offering and those findings are listed under section four and the parameters for the bonds are listed under section five. The interest rate on Assessment Area Six bonds will not exceed the maximum statutory rate. The aggregate principal amount of Assessment Area Six bonds shall not exceed $9,000,000 and should have a majority not later than the maximum term allowed by Florida Law which is 30 years of principal amortization and the price at which the bonds shall be sold to the underwriter. She requests a motion to approve Delegation Resolution 2024-03.

On MOTION by Mr. Heath seconded by Ms. Schwenk, with all in favor, Resolution 2024-03 Delegation Resolution (Series 2023 Assessment Area 6 Bonds), was approved.

SEVENTH ORDER OF BUSINESS	Consideration of Developer Agreements
for Series 2023 Assessment Area 6 Bonds
True-Up Agreement

Ms. Gentry stated this provides for payment of a true-up payment if fewer than the anticipated number of lots are developed to absorb the assessments.

Collateral Assignment Agreement
Ms. Gentry noted this would assign the rights to complete the Assessment Area Six project to the District in the event there was a default.

Completion Agreement
Ms. Gentry stated this provides for completion of all of the Assessment Area Six project improvements including those which are not funded by the bonds.

Acquisition Agreement
Ms. Gentry stated this sets out the terms by which the District can acquire improvements, workup product, and real property from VMarDev related to Assessment Area Six project.

Declaration of Consent
Ms. Gentry stated VMarDev will agree to consent to the District’s jurisdiction and the validity of the various proceedings associated with the bonds and assessments.

Notice of Special Assessments
Ms. Genty stated this is a form of notice of special assessments that would be recorded after closing to put the public on notice of these assessments that will be levied.

On MOTION by Mr. Heath, seconded by Ms. Schwenk, with all in favor, the Developer Agreements for Series 2023 Assessment Area 6 Bonds, was approved.

EIGHTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-04
Setting a Public Hearing on the Adoption of Amended Parking and Towing Policies
Current Parking and Towing Policies
Discussion Regarding Updating Current Parking Policies in Phases 1-5
Discussion Regarding Extending Current Even-Side Towing Policy to All New Phases

Ms. Burns stated Phases 1 and 2 have an existing parking policy in place and it is that you can park on the even side of the road and any cars parked on the odd side will be towed. This was put in place several years ago. She noted they have been moving toward a policy where they designate the entire District as no parking and then post actual signs showing where people can park to create less confusion. Phase 3 through 5 are now substantially complete with home construction so we are looking to put policies in place and discussed whether to continue with the same policy or look at changing the entire community to the standard where signs signs are posted and do that. There is more cost associated with that version but it tends to be more user friendly and there are less complaints and confusion from vendors and residents. There are two maps that Marshall worked on. The area that is blocked out is where the policy is already in place and would extend parking on the even side of road for Phases 3 through 5 with no parking on corners or odd side of road. There is a quote attached for signage and to install signage at the entrances where it states the policy would be $1,800. The $1,800 would be picked up in the contingency. Mr. Tindall stated Phases 1 and 2 have tow policy signs at the entrances. We established the even address spots will be the tow away signs.
Ms. Burns stated the new policy would remove the existing policy that has been in place and redo with custom signage everywhere. This would be Phases 1 through 5 with signs posted. The quote for signage for five phases is $17,940 for 12 new policy signs at every entrance and basically 100 signs. Mr. Tindall presented a parking map to refer to. Mr. Tindall proposed additional parking signage in the mailbox area and a sign with five-minute parking in a certain area. Ms. Burns stated it would be $18,540 with the five-minute parking sign. She noted they do have some contingencies but also have the planned capital reserve transfer that was about
$40,000 so could look at doing that.

On MOTION by Mr. Heath, seconded by Mr. Lavoie, with all in favor, Resolution 2024-04 Setting a Public Hearing on the Adoption of Amended Parking and Towing Policies – Tuesday February 6th, was approved.

NINTH ORDER OF BUSINESS	Consideration of Engagement Letter from
FMS Bonds for Series 2024 Bonds
Ms. Burns presented the Engagement Letter from FMS Bonds for Series 2024 Bonds.

On MOTION by Ms. Schwenk, seconded by Mr. Heath, with all in favor, the Engagement Letter from FMS Bonds for Series 2024 Bonds, was approved.

TENTH ORDER OF BUSINESS	Consideration of 2024 Data Sharing and
Usage	Agreement	with	Polk	County Property Appraiser
Ms. Burns stated this is the annual renewal.

On MOTION by Mr. Heath, seconded by Mr. Lavoie, with all in favor, the 2024 Data Sharing and Usage Agreement with Polk County Property Appraiser, was approved.

ELEVENTH ORDER OF BUSINESS	Appointment of Audit Committee
Ms. Burns stated at the last meeting they decided not to renew with the current auditor due to the fact that the audit was very late so they will be rebidding auditing services. She suggested the Board appoint themselves as the audit committee.

On MOTION by Mr. Heath, seconded by Mr. Lavoie, with all in favor, the Appointment of the Board as the Audit Committee, was approved.

TWELFTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Gentry stated that she had no reports. She introduced Savannah Hancock with the Tampa office.

Engineer
Mr. Bannon stated as Phase 6 is being finished, there have been issues with other phases with fences in rear yards blocking flow and swells and wanted to make sure there is a process that this does not happen in future phases. Ms. Burns stated approval is from the HOA which is a problem. Ms. Burns asked John if he had a standard of preference of how far the fence needs to

be off the ground. Mr. Bannon stated most swells are a foot deep in the rear yard. Ms. Gentry stated there is a form that can be provided to the HOA as they should be getting permission from the CDD so we will send that over to them.

Field Manager’s Report
Mr. Tindall presented the field manager’s report to the Board which can be found in the agenda package. He noted the amenity looks good overall. Minor cleaning items were given to maintenance staff to be addressed next week. There is a little landscaping to be touched up at the pool. There has been wear and tear over the year and they have a proposal from the vendor that is within budget around $800 and another one for the entrance to touch it up and those run about
$1,600 together and the budget is $22,500. He noted he reviewed Phase 6 with the landscaper and they are working on that proposal which he should have by the next meeting. Street signs are a continuous battle and are being straightened out and the damaged fence is being repaired as well as perimeter fence is being cleaned. He noted sidewalk reviews are in phase order.

District Managers Report
Approval of the Check Register
Ms. Burns presented the check register from October 21st through November 24th totaling
$1,810,322.56 to the Board. She asked for any questions or comments. Hearing no comments, she asked for a motion to approve.

On MOTION by Mr. Heath, seconded by Mr. Lavoie, with all in favor, the Check Register totaling $1,810,322.56, was approved.

Balance Sheet and Income Statement
Ms. Burns presented the unaudited financials which are in the agenda packets for review.
There was no Board action for this item.

THIRTEENTH ORDER OF BUSINESS	Other Business
Ms. Burns stated a lot of the entry monuments do not have power for holiday decor so we generally do not do that. She noted a lot of calls have been received regarding this. She noted

there are companies that will come out and provide lights, wreaths, etc. for entry monuments. She asked about getting quotes for this service.

FOURTEENTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
There being no comments, the next item followed.

FIFTEENTH ORDER OF BUSINESS	Adjournment
Ms. Burns asked for a motion to adjourn.

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

Secretary/Assistant Secretary	Chairman/Vice Chairman

MINUTES OF MEETING VILLAMAR
COMMUNITY DEVELOPMENT DISTRICT

The Audit Committee meeting of the Board of Supervisors of the VillaMar Community Development District was held on Tuesday, December 5, 2023 at 11:25 a.m. at the Holiday Inn – Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, Florida.

Present and constituting a quorum:

Rennie Heath	Chairman
Lauren Schwenk	Assistant Secretary
Eric Lavoie	Assistant Secretary

Also, present were:

Jill Burns	District Manager, GMS
Lauren Gentry	District Counsel, KVW Law
Savannah Hancock	District Counsel, KVW Law
Ashton Bligh	Greenberg Traurig
Marshall Tindall	GMS

The following is a summary of the discussions and actions taken at the December 5, 2023 VillaMar Community Development District’s Audit Committee Meeting.

FIRST ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order. There were three Supervisors present in person constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Burns opened the public comment portion of the meeting. There being no comments, the next item followed.

December 5, 2023	VillaMar CDD

THIRD ORDER OF BUSINESS	Audit Services
Approval of Request for Proposals and Selection Criteria
Approval of Notice of Request for Proposals for Audit Services
Ms. Burns reviewed the evaluation criteria and stated that the notice for the audit is included in the agenda package for review. The proposal would be due back January 29th to the Board for review. She noted they are looking for a motion to approve the selection criteria and authorize staff to issue the notice of request.

Public Announcement of Opportunity to Provide Audit Services

On MOTION by Mr. Heath, seconded by Mr. Lavoie, with all in favor, the Notice of Request for Proposals and Selection Criteria due January 29th, were approved.

FOURTH ORDER OF BUSINESS	Adjournment
Ms. Burns asked for a motion to adjourn.

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

Secretary/Assistant Secretary	Chairman/Vice Chairman

2

Section V

SUPPLEMENTAL ASSESSMENT METHODOLOGY FOR ASSESSMENT AREA SIX

FOR VILLAMAR
COMMUNITY DEVELOPMENT DISTRICT

Date: January 25, 2024

Prepared by

Governmental Management Services – Central Florida, LLC 219 E. Livingston Street
Orlando, FL 32801

Table of Contents

Introduction	3
Purpose	3
Background	3
Special Benefits and General Benefits	4
Requirements of a Valid Assessment Methodology	5
Special Benefits Exceed the Costs Allocated	5
Assessment Methodology	6
Overview	6
Allocation of Debt	6
Allocation of Benefit	7
Lienability Test: Special and Peculiar Benefit to the Property	7
Lienability Test: Reasonable and Fair Apportionment of the Duty to Pay Non-Ad Valorem Assessments	8
True-Up Mechanism	9
Assessment Roll	9
Appendix	10
Table 1: Development Program	10
Table 2: Infrastructure Cost Estimates	11
Table 3: Bond Sizing	12
Table 4: Allocation of Benefit	13
Table 5: Allocation of Benefit/Total Par Debt to Each Product Type	14
Table 6: Par Debt and Annual Assessments	15
Table 7: Preliminary Assessment Roll	16
GMS-CF, LLC does not represent the Villamar Community Development District as a Municipal Advisor or Securities Broker nor is GMS-CF, LLC registered to provide such services as described in Section 15B of the Securities and Exchange Act of 1934, as amended. Similarly, GMS-CF, LLC does not provide the Villamar Community Development District with financial advisory services or offer investment advice in any form.

Introduction

The Villamar Community Development District is a local unit of special-purpose government organized and existing under Chapter 190, Florida Statutes (the “District”), as amended. The District will issue on February 14, 2024, $8,700,000 of tax exempt bonds (the “Assessment Area Six Bonds” or “Bonds”) for the purpose of financing certain infrastructure improvements (the “Assessment Area Six Project”) within the District described in the Supplemental Engineer’s Report for Assessment Area Six, dated December 5, 2023, prepared by Wood & Associates Engineering, LLC as may be amended and supplemented from time to time (the “Engineer’s Report”). The construction and/or acquisition of the Assessment Area Six Project will provide special benefit to the property owners within Assessment Area Six within the District.

Purpose

This Supplemental Assessment Methodology Report for Assessment Area Six supplements the Amendment to the Amended and Restated Master Assessment Methodology (Phases 5, 6, 7A, 7B, and 8) dated January 3, 2023 (together the “Assessment Report”) and provides for an assessment methodology for allocating the Assessment Area Six Bonds incurred by the District to benefiting properties within Assessment Area Six within the District. This Assessment Report allocates the Assessment Area Six Bonds to properties within Assessment Area Six based on the special benefits each receives from the District’s capital improvement plan (“CIP”). This 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 this subject.

The District has imposed non ad valorem special assessments on the benefited lands within Assessment Area Six 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 legal means of collection available to the District. It is not the intent of this Assessment Report to address any other assessments, if applicable, that may be levied by the District, a homeowner’s association, or any other unit of government.

Background

The District consists of approximately 583.79 acres in Polk County, Florida. Assessment Area Six, a designated area within the District, is currently planned to benefit 393 residential units. The proposed Assessment Area Six is depicted in

Table 1. It is recognized that such land use plan may change, and this Assessment Report will be modified accordingly.

The public improvements contemplated by the District in the CIP that will be funded with the net proceeds of the Assessment Area Six Bonds will provide facilities that benefit the assessable property within the District. The CIP is delineated in the Engineer’s Report. Specifically, the District may construct and/or acquire certain offsite improvements, stormwater management facilities, utility facilities, roadways, entry feature, signage, landscape & irrigation, parks and recreation facilities, and contingencies. Only a portion of the CIP constituting the Assessment Area Six Project will be funded with the proceeds of the Assessment Area Six Bonds. The acquisition and construction costs are summarized in Table 2.

The assessment methodology is a four-step process.

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

Special Benefits and General Benefits

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

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

There is no doubt that the general public and property owners outside of the District will benefit from the provision of the District’s CIP. However, these benefits will be incidental to the District’s portion of the CIP financed with a portion of the Assessment Area Six Bonds, which is designed solely to meet the needs of property within Assessment Area Six within the District. Properties outside the District boundaries and outside of Assessment Area Six within the District do not depend upon the District’s CIP. The property owners within Assessment Area Six within the District are therefore receiving special benefits not received by those outside the District’s boundaries and outside of Assessment Area Six within the District.

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 improvements being paid for.
The assessments must be fairly and reasonably allocated to the properties being assessed.

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

Special Benefits Exceed the Costs Allocated

The special benefits provided to the property owners within Assessment Area Six within the District are greater than the costs associated with providing these benefits. The District Engineer estimates that the portion of District’s CIP that is necessary to support full development of Assessment Area Six will cost approximately $15,002,951. The District’s Underwriter has determined that financing costs required to fund a portion of the infrastructure improvements for the Assessment Area Six Project, the cost of issuance of the Bonds, funding capitalized interest, and the funding of the debt service reserve account are
$8,700,000. Additionally, funding required to complete the CIP not funded with the proceeds of the Assessment Area Six Bonds is anticipated to be funded by VMAR DEV LLC (the “Developer”). Without the CIP, the property within District would not be able to be developed and occupied by future residents of the community.

2.0	Assessment Methodology

Overview

The District will issue on February 14, 2024, $8,700,000 in Assessment Area Six Bonds to fund a portion of the District’s CIP representing the Assessment Area Six Project, provide for a debt service reserve account, fund capitalized interest, and cost of issuance.  It is the purpose of this Assessment Report to allocate the
$8,700,000 in debt to the properties benefiting from the CIP.

Table 1 identifies the proposed land uses as identified by the Developer of the land the within District. The District has relied on the Engineer’s Report for the CIP needed to support the development; these estimated construction costs are outlined in Table 2. The improvements needed to support Assessment Area Six are described in detail in the Engineer’s Report and are estimated to cost
$15,002,951. Based on the estimated costs, the size of the bond issue under current market conditions needed to generate funds to pay for a portion of the CIP representing the Assessment Area Six Project and related costs was determined by the District’s Underwriter to total $8,700,000. Table 3 shows the breakdown of the bond sizing for the Assessment Area Six.

Allocation of Debt

Allocation of debt is a continuous process until the development plan is completed. The portion of the CIP funded by the Assessment Area Six Bonds benefits all developable acres within the District.

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

Once platting or the recording of declaration of condominium, (“Assigned Properties”) has begun, the assessments will be levied to the Assigned Properties based on the benefits they receive. The Unassigned Properties, defined as property that has not been platted, assigned development rights or subjected to a declaration of condominium, will continue to be assessed on a per acre basis (“Unassigned Properties”). Eventually the development plan will be completed and the debt relating to the Assessment Area Six Bonds will be allocated to the planned 393 residential units within Assessment Area Six within the District,

which are the beneficiaries of the CIP. The Assessment Area Six Project will fund a portion of the improvements outlined in the CIP anticipated to benefit the 393 lots within the development, as depicted in Table 5 and Table 6. If there are changes to the Development Plan, a true up of the assessments 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

In order for debt service assessment levels to be consistent with market conditions, developer contributions are recognized. This is reflected on Table 5. Based on the product type and number of units anticipated to absorb the Series 2023 Bond principal, the preliminary estimate is that the CDD will recognize a developer contribution equal to approximately $650,000, in eligible infrastructure.

In the event parcels are sold to third parties prior to platting, Assessment Area Six Special Assessments will be assigned to such parcels in accordance with their respective entitlements. The assignment of debt in this Assessment Report sets forth the process by which debt is apportioned. As mentioned herein, this Assessment Report may be supplemented from time to time.

Allocation of Benefit

The CIP consists of offsite improvements, stormwater management facilities, utility facilities, roadways, entry feature, signage, landscape & irrigation, parks and recreation facilities, and contingencies. There is one residential product type within Assessment Area Six. The Single-Family lot has been set as the base unit and has been assigned one equivalent residential unit (“ERU”) per lot. The CIP for the District is reflected in Table 2. There may be other improvements constructed, but not funded by the Assessment Area Six Bonds. Table 4 shows the allocation of benefit to the particular land uses. It is important to note that the benefit derived from the CIP on the particular units exceeds the cost that the units will be paying for such benefits.

Lienability Test: Special and Peculiar Benefit to the Property

Construction and/or acquisition by the District of the proposed Assessment Area Six Project will provide several types of systems, facilities and services for its residents. These include offsite improvements, stormwater management facilities, utility facilities, roadways, entry feature, signage, landscape & irrigation, parks and recreation facilities, and contingencies. These improvements accrue in differing amounts and are somewhat dependent on the type of land use receiving the special benefits peculiar to those properties, which flow from the logical relationship of the improvements to the properties.

For the provision of the Assessment Area Six Project relating to the Development, the special and peculiar benefits are:

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

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

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

A reasonable estimate of the proportion of special and peculiar benefits received from the public improvements described in the Engineer’s Report relating to the Development is delineated in Table 5 (expressed as Allocation of Par Debt per Product
Type). In lieu of having the District issue a greater amount of bonds, and in order to reduce assessment levels by product type, the Developer will be making a contribution of infrastructure in the approximate amount of $650,000, as delineated in Table 5.

The determination has been made that the duty to pay the non-ad valorem special assessments is fairly and reasonably apportioned because the special and peculiar benefits to the property derived from the acquisition and/or construction of the District’s Assessment Area Six Project relating to the Development have been apportioned to the property according to reasonable estimates of the special and peculiar benefits provided consistent with the land use categories.

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

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

Assessment Area Six Project are developed or acquired and financed by the District.

True Up Mechanism

Although the District does not process plats, declaration of condominiums, site plans or revisions thereto for the Developer, it does have an important role to play during the course of platting and site planning. Whenever a plat, declaration of condominium or site plan is processed, the District must allocate a portion of its debt to the property according to this Assessment Report outlined herein. In addition, the District must also prevent any buildup of debt on Unassigned Property. Unassigned Property means property within Assessment Area Six within the District where no platting or declaration of condominium has been recorded. Otherwise, the land could be fully conveyed and/or platted without all of the debt being allocated. To preclude this, at the time Unassigned Properties become Assigned Properties, the District will determine the amount of anticipated assessment revenue that remains on the Unassigned Properties, taking into account the proposed plat, or site plan approval. If the total anticipated assessment revenue to be generated from the Assigned and Unassigned Properties is greater than or equal to the maximum annual debt service, then no debt reduction or true-up payment is required. In the case that the revenue generated is less than the required amount then a debt reduction or true-up payment by the landowner in the amount necessary to reduce the par amount of the outstanding Bonds plus accrued interest to a level that will be supported by the new net annual debt service assessments will be required.

Assessment Roll

The District will initially distribute the liens across the property within Assessment Area Six within the District boundaries on a gross acreage basis. As Assigned Property becomes known with certainty, the District will refine its allocation of debt from a per acre basis to a per unit basis as shown in Table 6. If the land use plan changes, then the District will update Table 6 to reflect the changes. As a result, the assessment liens are neither fixed nor are they determinable with certainty on any acre of land within Assessment Area Six prior to the time all Assigned Properties become known. At this time the debt associated with the District’s CIP generally, and the Assessment Area Six Project specifically, will be distributed evenly across all the acres within Assessment Area Six. As the development process occurs, the debt will be distributed against the Assigned Property in the manner described in this Assessment Report. The preliminary assessment roll is depicted in Table 7.

Land Use*	Total	ERUs per Unit (1)	Total ERUs	

Single Family - Meritage	
150	
1.00	
150.00	
Single Family	243	1.00	243.00	
Total Units	393		393.00	

(1) Benefit is allocated on an ERU basis with the Single Family Lot set as the base unit assigned 1 ERU

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

Capital Improvement Plan ("CIP") (1)	AA6 Project Cost Estimate	

Offsite Improvements	
$	275,000	
Stormwater Management	$	3,867,483	
Utilities (Water, Sewer, Reclaim & Street Lighting)	$	4,982,290	
Roadway	$	2,609,274	
Entry Feature, Signage, Landscape & Irrigation	$	520,000	
Parks and Recreational Facilities	$	1,385,000	
Contingencies	$	1,363,905	
	$	15,002,951	

(1) A detailed description of these improvements is provided in the Supplemental Engineer's Report for Assessment Area Six dated December 5, 2023.

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT BOND SIZING
SUPPLEMENTAL ASSESSMENT METHODOLOGY FOR ASSESSMENT AREA SIX

Bond Sizing		
Description		Total		
Construction Funds	$		7,354,006	
Debt Service Reserve	$		603,000	
Capitalized Interest	$		343,608	
Underwriters Discount	$		174,000	
Cost of Issuance	$		184,475	
Original Issue Discount	$		40,911	
Par Amount	$		8,700,000	

Bond Assumptions:				
Average Coupon
Amortization			5.65%
30 years	
Capitalized Interest	Thru 11/1/24
Debt Service Reserve	100% of Max Annual Debt Service
Underwriters Discount	2%	

Prepared by: Governmental Management Services - Central Florida, LLC

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT ALLOCATION OF IMPROVEMENT COSTS
SUPPLEMENTAL ASSESSMENT METHODOLOGY FOR ASSESSMENT AREA SIX

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

Single Family - Meritage	
150	
1.00	
150.00	
38.17%	
$	5,726,317	
$	38,175	
Single Family	243	1.00	243.00	61.83%	$	9,276,634	$	38,175	
	393			393.00	100.00%	$	15,002,951 	

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

Prepared by: Governmental Management Services - Central Florida, LLC

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT ALLOCATION OF TOTAL PAR DEBT TO EACH PRODUCT TYPE
SUPPLEMENTAL ASSESSMENT METHODOLOGY FOR ASSESSMENT AREA SIX

Land Use	

No. of Units *	Total Improvements Costs Per Product
Type	Potential Allocation of Par Debt Per
Product Type	
Developer Contributions**	Allocation of Par Debt Per Product
Type	

Par Per Unit	

Single Family - Meritage	
150	
$	5,726,317	
$	3,568,702	
($649,244)	
$	2,919,458	$	
19,463	
Single Family	243	$	9,276,634	$	5,781,298	($756)	$	5,780,542	$	23,788	
	393	$	15,002,951	$	9,350,000	($650,000)	$	8,700,000		

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

** In order for debt service assessment levels to be consistent with market conditions, developer contributions are recognized. Based on the product type and number of units anticipated to absorb the Bond Principal, it is estimated that the CDD will recognize a developer contribution equal to $650,000 in eligible infrastructure.

Prepared by: Governmental Management Services - Central Florida, LLC

Land Use	No. of Units *

Allocation of Par Debt Per Product Type

Total Par Debt Per Unit

Maximum Annual Debt Service

Net Annual Debt Assessment Per Unit

Gross Annual Debt Assessment Per Unit (1)

Single Family - Meritage	150	$	2,919,458	$	19,463	$	202,349	$ 1,348.99	$  1,450.53	
Single Family	243	$	5,780,542	$	23,788	$	400,651	$ 1,648.77	$  1,772.87	
	393	$	8,700,000		$	603,000			

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

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

Prepared by: Governmental Management Services - Central Florida, LLC

Owner	

Property ID #'s	

Acres	Total Par Debt Allocation Per
Acre	
Total Par Debt Allocated	Net Annual Debt Assessment
Allocation	Gross Annual Debt Assessment
Allocation (1)	
Cunningham Investors LLC	Assessment Area Six*	108.06	$	80,511	$	8,700,000	$	603,000	$	648,387	
Totals		108.06		$	8,700,000	$	603,000	$	648,387	
*See attached legal description				
Annual Assessment Periods		30		
Projected Bond Rate (%)		5.65%		
Maximum Annual Debt Service		$603,000		

(1) This amount includes estimated collection fees and early payment discounts when collected on the Polk County Tax Bill Prepared by: Governmental Management Services - Central Florida, LLC

VILLAMAR CDD ASSESSMENT AREA 6
DEVELOPMENT PHASE VILLAMAR PHASE 7 LEGAL DESCRIPTION

THAT PART OF SECTIONS 14 AND 15, TOWNSHIP 29 SOUTH, RANGE 26 EAST, POLK COUNTY, FLORIDA, BEING DESCRIBED AS:
COMMENCE AT A 1” IRON PIPE WITH NO IDENTIFICATION, STANDING AT THE NORTHWEST CORNER OF SAID SECTION 14, AND RUN THENCE ALONG THE WEST LINE THEREOF, S-00°22’39”-E, 1802.91 FEET TO THE POINT OF BEGINNING; THENCE N-89°33’17”-E, 1524.93 FEET TO A POINT ON THE NORTHERLY RIGHT- OF-WAY LINE OF THOMPSON NURSERY ROAD, ACCORDING TO THE OFFICIAL RECORDS BOOK 12411, PAGES 797 THROUGH 809 (INCLUSIVE), PUBLIC RECORDS OF POLK COUNTY, FLORIDA; THENCE ALONG SAID NORTHERLY RIGHT-OF-WAY LINE THE FOLLOWING SIXTEEN (16) COURSES: 1) S-29°34’54”-W, 1749.01 FEET; THENCE 2) S-50°55’19”-W, 104.32 FEET; THENCE 3) ALONG A NON-RADIAL LINE, S-28°12’04”-E, 180.36 FEET TO A POINT ON A CURVE CONCAVE NORTHWESTERLY; THENCE 4) SOUTHWESTERLY ALONG SAID CURVE HAVING A RADIUS OF 2023.00 FEET, A CENTRAL ANGLE/DELTA OF 17°57’43”, A CHORD BEARING OF S-71°44’25”-W, A CHORD DISTANCE OF 631.60 FEET, FOR AN ARC LENGTH OF 634.20 FEET; THENCE 5) S-80°43’11”-W, 860.07 FEET TO A POINT OF CURVE CONCAVE SOUTHEASTERLY; THENCE 6) SOUTHWESTERLY ALONG SAID CURVE HAVING A RADIUS OF 2143.00 FEET, A CENTRAL ANGLE/DELTA OF 21°39’54”, A CHORD BEARING OF S-69°53’14”-W, A CHORD DISTANCE OF 805.50 FEET, FOR AN ARC LENGTH OF 810.32 FEET; THENCE 7) S-59°03’17”-W, 265.86 FEET; THENCE 8) N-30°56’43”-W, 15.00 FEET;
THENCE 9) S-61°55’40”-W, 99.38 FEET; THENCE 10) S-62°11’47”-W, 201.05 FEET; THENCE 11) S-63°37’43”-
W, 100.32 FEET; THENCE 12) S-66°27’41”-W, 201.68 FEET; THENCE 13) S-64°45’55”-W, 100.50 FEET;
THENCE 14) S-63°03’32”-W, 100.24 FEET; THENCE 15) S-62°29’18”-W, 100.18 FEET; THENCE 16) S- 61°20’43”-W, 88.34 FEET; THENCE DEPARTING SAID NORTHERLY RIGHT-OF-WAY LINE, N-00°41’26”-W,
752.30 FEET TO THE NORTHWEST CORNER OF THE SOUTHWEST ¼ OF THE SOUTHEAST ¼ OF SAID SECTION
15; THENCE S-89°30’27”-E, 1266.00 FEET; THENCE N-00°26’46”-E, 535.71 FEET; THENCE S-89°58’17”-W,
5.10 FEET; THENCE N-00°10’40”-W, 1194.42 FEET; THENCE S-89°30’27”-E, 1412.77 FEET; THENCE N-
00°22’39”-W, 454.56 FEET TO THE POINT OF BEGINNING. CONTAINING: 108.06 ACRES MORE OR LESS.

Section VI

RESOLUTION 2024-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VILLAMAR COMMUNITY DEVELOPMENT DISTRICT SETTING FORTH THE SPECIFIC TERMS OF THE DISTRICT’S SPECIAL ASSESSMENT BONDS, SERIES 2024 (ASSESSMENT AREA SIX PROJECT); CONFIRMING THE DISTRICT’S PROVISION OF ASSESSMENT AREA SIX IMPROVEMENTS; CONFIRMING THE AMENDED ENGINEER’S REPORT AND SUPPLEMENTAL ASSESSMENT METHODOLOGY REPORT; CONFIRMING, ALLOCATING AND AUTHORIZING THE COLLECTION OF SPECIAL ASSESSMENTS SECURING SPECIAL ASSESSMENT BONDS, SERIES 2024 (ASSESSMENT AREA SIX PROJECT); PROVIDING FOR THE APPLICATION OF TRUE-UP PAYMENTS; PROVIDING FOR THE SUPPLEMENTATION OF THE IMPROVEMENT LIEN BOOK; PROVIDING FOR THE RECORDING OF A NOTICE OF ASSESSMENT AREA SIX SPECIAL ASSESSMENTS; PROVIDING FOR CONFLICTS, SEVERABILITY AND AN EFFECTIVE DATE

WHEREAS, the VillaMar Community Development District (“District”) has previously indicated its intention to undertake, install, establish, construct or acquire certain public improvements and to finance such public improvements through the imposition of special assessments on benefited property within the District and the issuance of bonds; and

WHEREAS, the District’s Board of Supervisors (“Board”) has previously adopted, after notice and public hearing, Resolution No. 2023-06, which amends and supplements Resolution No. 2019-32 (together with Resolution No. 2023-06, the “Assessment Resolution”), relating to the imposition, levy, collection, and enforcement of master special assessments on the lands within the District known as District Phases 5, 6, 7A, 7B, and 8, respectively; and

WHEREAS, pursuant to and consistent with the terms of The Assessment Resolution, this Resolution shall set forth the terms of bonds actually issued by the District, and apply the adopted special assessment methodology to the actual scope of the project to be completed with a series of bonds and the terms of the bond issue;

WHEREAS, on January 25, 2024, the District entered into a Bond Purchase Contract whereby it agreed to sell $8,700,000 of its Special Assessment Bonds, Series 2024 (Assessment Area Six Project) (the “Assessment Area Six Bonds”); and

WHEREAS, pursuant to and consistent with the Assessment Resolution, the District desires to set forth the particular terms of the sale of the Assessment Area Six Bonds and to confirm the liens of the levy of special assessments securing the Assessment Area Six Bonds.

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 the provisions of Florida law, including Chapters 170, 190 and 197, Florida Statutes, and the Assessment Resolution.

SECTION 2. FINDINGS. The Board of Supervisors of the VillaMar Community Development District hereby finds and determines as follows:

On March 7, 2023, the District, after due notice and public hearing, adopted the Assessment Resolution, which, among other things, equalized, approved, confirmed and levied master special assessments on property benefiting from the improvements authorized by the District. The Assessment Resolution provides that as each series of bonds is issued to fund all or any portion of the District’s improvements, a supplemental resolution will be adopted to set forth the specific terms of each series of the bonds and certifying the amount of the liens of the special assessments securing any portion of the bonds, including interest, costs of issuance, the number of payments due, any True-Up amounts and the application of receipt of any True-Up proceeds.

The District has adopted the Amended and Restated Master Engineer’s Report for Capital Improvements, dated December 15, 2022, attached to the Assessment Resolution as Exhibit A. To provide clarity to references of phasing between the assessment and development areas and to provide updated cost information, the District adopted the Amendment to the Amended and Restated Engineer’s Report for Capital Improvements, dated May 2, 2023 (together, the “Master Engineer’s Report”). To provide additional information regarding the improvements funded with the Assessment Area Six Bonds, the District subsequently adopted the Supplemental Engineer’s Report for Assessment Area Six, dated December 5, 2023 (the “Supplemental Engineer’s Report” and together with the Master Engineer’s Report, the “Engineer’s Report”), attached to this Resolution as Exhibit A. The Supplemental Engineer’s Report identifies and describes the presently expected components of the infrastructure improvements for the District’s development phases identified as Development Phase 7 (the “Assessment Area Six Project”), to be financed all or in part with the Assessment Area Six Bonds (the “Improvements”), and estimates the costs of the Assessment Area Six Project to be $15,002,951. The District hereby confirms that the Assessment Area Six Project serves a proper, essential, and valid public purpose. The Engineer’s Report is hereby approved, adopted, and confirmed. The District ratifies its use in connection with the sale of the Assessment Area Six Bonds.

The District has adopted the Amendment to the Amended and Restated Master Assessment Methodology (Phases 5, 6, 7A, 7B, and 8), dated January 3, 2023 (the “Master Report”), as supplemented by the Supplemental Assessment Methodology for Assessment Area Six, dated January 25, 2024 (the “Supplemental Report” and together with the Master Report, the “Assessment Report”), attached to this Resolution as Composite Exhibit B. The Supplemental Report applies the Master Report to the terms of the Assessment Area Six Bonds. The Assessment Report is hereby approved, adopted, and confirmed. The District ratifies its use in connection with the sale of the Assessment Area Six Bonds.

The Assessment Area Six Project will specially benefit certain property within the District known as “Assessment Area Six,” a legal description of which is attached hereto as Exhibit C. It is reasonable, proper, just and right to assess the portion of the costs of the Assessment Area Six Project financed with the Assessment Area Six Bonds to the specially benefited properties within the District as set forth in Resolution 2023-06 and this Resolution.

SECTION  3.   CONFIRMATION  OF  MAXIMUM  ASSESSMENT  LIEN  FOR
ASSESSMENT AREA SIX BONDS. As provided in the Assessment Resolution, this Resolution is intended to set forth the terms of the Assessment Area Six Bonds and the final amount of the liens of the special assessments securing those bonds.  The Assessment Area Six Bonds, in a par amount of
$8,700,000, shall bear such rates of interest and maturity as shown on Exhibit D attached hereto. The final payment on the Assessment Area Six Bonds shall be due on May 1, 2054. The estimated sources and uses of funds of the Assessment Area Six Bonds shall be as set forth in Exhibit E. The debt service due on each series of the Assessment Area Six Bonds is set forth on Exhibit F attached hereto.

The lien of the special assessments securing the Assessment Area Six Bonds on the Assessment Area Six Lands (the “Assessment Area Six Assessments”), shall be the principal amount due on the Assessment Area Six Bonds, together with accrued but unpaid interest thereon, and together with the amount by which annual assessments are grossed up to include early payment discounts required by law and costs of collection. The Assessment Area Six Bonds are secured solely by the lien against the Assessment Area Six lands.

SECTION 4.	ALLOCATION OF ASSESSMENTS SECURING ASSESSMENT AREA SIX BONDS.

The special assessments for the Assessment Area Six Bonds shall be allocated in accordance with Composite Exhibit B, which allocation may initially be on a per-acreage basis and further allocated as lands are platted. The Supplemental Report is consistent with the District’s Master Report. The Assessment Methodology, considered herein, reflects the actual terms of the issuance of the District’s Assessment Area Six Bonds. The estimated costs of collection of the special assessments for the Assessment Area Six Bonds are as set forth in the Assessment Report.

The lien of the special assessments securing the Assessment Area Six Bonds includes all property within the Assessment Area Six lands, and as such land is ultimately defined and set forth in any plats, certificates of occupancy or other designations of developable acreage.

Taking into account capitalized interest and earnings on certain funds and accounts as set forth in the Master Trust Indenture and the Sixth Supplemental Trust Indenture, the District shall begin annual collection of special assessments for the payment due on May 1, 2025, for the Assessment Area Six Bonds debt service payments using the methods available to it by law. Debt service payments and semi-annual installments of interest are reflected in Exhibit G. The Assessment Area Six Bonds include an amount for capitalized interest through November 1, 2024.

The District hereby certifies the special assessments for collection and directs staff to take all actions necessary to meet the time and other deadlines imposed by Polk County and Florida law for collection. The District intends, to the extent possible and subject to entering into the appropriate agreements with the Polk County Tax Collector and Polk County Property Appraiser (or other appropriate Polk County, Florida officials) to collect the Assessment Area Six Assessments on platted lands contained within a plat or certificate of occupancy using the Uniform Method in Chapter 197, Florida Statutes. The District intends, to the extent possible, to directly bill, collect and enforce the Assessment Area Six Assessments on lands not included within an approved plat or certificate of occupancy unless in any year, the District determines it to be in its best interest to collect such assessments using the Uniform Method in Chapter 197, Florida Statutes. The District Manager shall prepare or cause to be prepared each year an assessment roll for purposes of effecting the collection of the special assessments and present same to the District Board as required by law. The District Manager is further directed and authorized to take all actions necessary to collect special assessments on property using methods available to the District authorized by Florida law in order to provide for the timely payment of debt service.

SECTION 5. APPROVAL OF TRUE-UP PROCESS AND APPLICATION OF TRUE-UP
PAYMENTS. Pursuant to Assessment Resolution there may be required from time to time certain True- Up payments. As parcels of land are included in a plat or certificate of occupancy, the special assessments securing the Assessment Area Six Bonds shall be allocated as set forth in the Assessment Resolution, this Resolution, and the Assessment Methodology, including, without limitation, the application of the True-Up process set forth in Section 8 of Assessment Resolution.

Based on the final par amount of $8,700,000 in Assessment Area Six Bonds, the True-Up calculations will be made in accordance with the process set forth in the Assessment Methodology. The District shall apply all True-Up payments related to the Assessment Area Six Bonds only to the credit of the Assessment Area Six Bonds. All True-Up payments, as well as all other prepayments of assessments, shall be deposited into the accounts specified in the Sixth Supplemental Indenture, dated as of February 1, 2024, governing the Assessment Area Six Bonds.

SECTION 6. IMPROVEMENT LIEN BOOK. Immediately following the adoption of this Resolution these special assessments as reflected herein shall be recorded by the Secretary of the Board of the District in the District’s Improvement Lien Book. The special assessment or assessments against each respective parcel 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, city, district, municipal or other governmental taxes and superior in dignity to all other liens, titles, and claims.

SECTION 7. OTHER PROVISIONS REMAIN IN EFFECT. This Resolution is intended to supplement the Assessment Resolution, which remains in full force and effect. This Resolution and the Assessment Resolution shall be construed to the maximum extent possible to give full force and effect to the provisions of each resolution. All District resolutions or parts thereof in actual conflict with this Resolution are, to the extent of such conflict, superseded and repealed.

SECTION 8. ASSESSMENT NOTICE. The District’s Secretary is hereby directed to record a Notice of Assessment Area Six Special Assessments securing the Assessment Area Six Bonds in the Official Records of Polk County, Florida, or such other instrument evidencing the actions taken by the District.

SECTION 9. SEVERABILITY. If any section or part of a section of this resolution be declared invalid or unconstitutional, the validity, force and effect of any other section or part of a section of this 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 10. EFFECTIVE DATE. This Resolution shall become effective upon its adoption.

{Signature Block and Exhibit List Follow on Next Page}

APPROVED and ADOPTED this 6th day of February 2024.

ATTEST:	VILLAMAR COMMUNITY DEVELOPMENT DISTRICT

Secretary	Chairperson/Vice Chairperson, Board of Supervisors

Comp. Exhibit A:	Amended and Restated Master Engineer’s Report for Capital Improvements, dated December 15, 2022; Amendment to the Amended and Restated Engineer’s Report for Capital Improvements, dated May 2, 2023; Supplemental Engineer’s Report for Assessment Area Six, dated December 5, 2023
Comp. Exhibit B:	Amendment to the Amended and Restated Master Assessment Methodology (Phases 5, 6, 7A, 7B, and 8), dated January 3, 2023; Supplemental Assessment Methodology for Assessment Area Six, dated January 25, 2024
Exhibit C:	Legal Description of Assessment Area Six
Exhibit D:	Maturities and Coupons of Assessment Area Six Bonds Exhibit E:	Sources and Uses of Funds for Assessment Area Six Bonds
Exhibit F:	Annual Debt Service Payment Due on Assessment Area Six Bonds

Exhibit A
Engineer’s Report

VILLAMAR
COMMUNITY DEVELOPMENT DISTRICT

AMENDED AND RESTATED MASTER ENGINEER’S REPORT
FOR CAPITAL IMPROVEMENTS

Prepared for:

BOARD OF SUPERVISORS VILLAMAR
COMMUNITY DEVELOPMENT DISTRICT

Prepared by:
WOOD & ASSOCIATES ENGINEERING, LLC 1925 BARTOW ROAD
LAKELAND, FL 33801
PH: 863-940-2040

December 15, 2022

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT

TABLE OF CONTENTS
PURPOSE	1
INTRODUCTION	1-2
SCOPE…	2-3
THE DEVELOPMENT	3
THE CAPITAL IMPROVEMENTS	3-4
CAPITAL IMPROVEMENT PLAN COMPONENTS	4
Stormwater Management Facilities	4
Public Roadways	4-5
Water, Reclaim, and Wastewater Facilities	5
Off-site Improvements	5-6
Amenities and Parks…	6
Electric and Lighting	6
Entry Feature…	6
Miscellaneous	7
PERMITTING	7-10
RECOMMENDATION.	10
REPORT MODIFICATION	10
CONCLUSION	11

LIST OF EXHIBITS

EXHIBIT 1- Location Map EXHIBIT 2- Amended District Legal EXHIBIT 3- District Boundary Map EXHIBIT 4- Zoning Map
EXHIBIT 5- Future Land Use Map EXHIBIT 6- Utility Location Map EXHIBIT 7- Drainage Flow Pattern Map
EXHIBIT 8- Summary of Opinion of Probable Costs EXHIBIT 9 - Summary of Proposed District Facilities EXHIBIT 10 – Proposed Site Plan

AMENDED AND RESTATED MASTER ENGINEER’S REPORT VILLAMAR
COMMUNITY DEVELOPMENT DISTRICT

PURPOSE
The purpose of this Amended and Restated Master Engineer’s Report is to provide engineering support for the expanded boundaries of the Villamar Community Development District (“CDD” or the “District”).

The existing District boundaries contained Phase 1 through 6, consisting of approximately 435.63 acres, as contemplated by the Amended and Restated Engineer’s Report dated February 15, 2022.

The expanded CDD includes the addition of Phase 7A consisting of 304 lots, Phase 7B consisting of 72 lots, and Phase 8 consisting of 224 lots. The expanded CDD will have a total of 1,996 single family lots and consist of approximately 583.79 acres.

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 consists of approximately 583.79 acres more or less, and is expected to consist of 1,996 single family lots, recreation / amenity areas, parks, and associated infrastructure.

The CDD was established under City Ordinance No. 0-18-70 which was approved by the Winter Haven City Commission (“City Commission” or the “City”) on November 26, 2018 (approximately 153.65 acres), further amended by the City Ordinance No. O-20-40, approved by the City Commission on October 26, 2020 (adding approximately 45.905 acres), further amended by the City Ordinance No. O-21-32, approved by the City Commission on April 12, 2021 (adding approximately 236.07 acres), as further amended by City Ordinance No. O-22-68, approved by the City Commission on November 28, 2022 expanding the District boundary to the current total of 583.79 acres, more or less. The District will own and operate the public roadways and stormwater management facilities, as well as the landscape, irrigation, signage, and recreational facilities within the 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 Management District (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 9 of this report.

This “Capital Improvement Plan” or “Report” reflects the present intentions of the District and the landowners. It should be noted that the location of proposed facilities and improvements may be adjusted 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 the property within the District. The District reserves the right to make reasonable adjustments to the development plan to meet applicable regulatory requirements of agencies with jurisdiction over the development, while maintaining comparable level of benefits to the lands served by the improvements. Changes and modifications are expected as changes in regulatory criteria are implemented.

Implementation of any proposed facilities or improvements outlined in this 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 water, and wastewater collection systems (gravity lines, force mains, and lift stations) will, upon completion, be dedicated to the City for ownership and maintenance.

SCOPE

The purpose of this Report is to provide engineering support to fund improvements in the District. This Report will identify the proposed public infrastructure to be constructed or acquired by the District along with an opinion of probable 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 public infrastructure improvements, determination

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 permitted 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 construction contractors, other engineering professionals, land surveyors, the District Board of Supervisors, and its staff and consultants.

THE DEVELOPMENT

The development will consist of 1,996 single family homes and associated infrastructure (“Development”). The Development is a planned residential community is located on the west of CR 653 and south of Eloise Loop /road in the City of Winter Haven and lies within Sections 14, 15, 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 eight (8) phases.

THE CAPITAL IMPROVEMENTS

The system of improvements comprising the District’s Capital Improvement Plan, (the “CIP”), consists of public infrastructure in Phases 1-8. The primary portions of the CIP 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 extension 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. The CDD will enter into a lighting agreement with Tampa Electric Company for the street light poles and lighting service. Only undergrounding of wire in public right-of-way on District Land is included.

As a part of the 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.

All improvements financed by the District will be on land owned, or subject to a permanent easement in favor of, the District or another government entity.

CAPITAL IMPROVEMENT PLAN COMPONENTS

The Capital Improvement Plan includes the following:

Stormwater Management Facilities
Stormwater management facilities consisting of storm conveyance systems and retention ponds are contained within the District boundaries. Stormwater runs off via roadway curb and gutter to storm inlets. Storm culverts convey the runoff into the proposed retention ponds for water quality treatment and attenuation. The proposed stormwater systems will utilize dry retention and/or wet retention for biological pollutant assimilation to achieve water quality treatment. The design criteria for the District’s stormwater 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 Management Agency Flood Insurance Rate Map (FEMA FIRM) Panel No. 12105C- 0530G (dated 12/22/2016) demonstrates that the majority of the property is located within Flood Zone X with the remainder in AE. Based on this information 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 Stormwater 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 proposed 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 to provide the necessary reporting on various forms associated with erosion control, its maintenance and any rainfall events that occur during construction activity.

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’ of asphalt with roadside swales and sidewalks on both

sides. The proposed roadway section will consist of stabilized subgrade, lime rock, crushed concrete or cement treated base and asphalt wearing surface. The proposed curb is to be 2' wide and placed along the edge of the proposed roadway section for purposes of protecting the integrity of the pavement and also to provide stormwater runoff conveyance to the proposed stormwater inlets. The 80’ R/W section shall be a rural section constructed in accordance with FDOT, County, and City specifications. Underdrain is provided as necessary to control groundwater and protect the roadway 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 of roadway construction will occur for all public roadways.

Water, Reclaim, and Wastewater Facilities
A potable water system inclusive of water main, gate valves, fire hydrants and appurtenances will be installed for the Development. The water service provider will be the City of Winter Haven Public Utilities. The water system will be a "looped" system. These facilities will be installed within the 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 District.

A domestic wastewater collection system inclusive of gravity sanitary sewer mains and sewer laterals will be installed. The gravity sanitary sewer mains will be 8" diameter PVC. The gravity sanitary sewer lines will be placed inside of the proposed public rights-of-way, under the proposed paved roadways. Branching off from these sewer lines will be laterals to serve the individual lots. A lift 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.
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 facilities 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 1 in 2019-2020; Phase 2 in 2020-2022; Phase 3 in 2021-2023; Phase

4 in 2020-2024; Phase 5 in 2023-2025; Phase 6 in 2024-2026; Phase 7A in 2024 – 2026; Phase 7B in 2025 – 2027; Phase 8 in 2026-2027. 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 a public 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.

Electric and Lighting
The electric distribution system thru the District is currently planned to be underground. The District presently intends to fund the incremental cost of undergrounding the system. The District plans to fund the incremental cost of undergrounding the electric conduit for the installation of the street lighting along the internal roadways within the CDD. These lights will be owned and maintained by TECO after dedication, with the District funding maintenance services from funds other than bond proceeds. All improvements funded by the District will be owned and operated by the District or another governmental entity.

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 constructed 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 internal roadways within the CDD. Perimeter fencing will be provided at the site entrances and perimeters that is to be used for buffering purposes. These items will be funded, owned and maintained by the CDD.

Miscellaneous
The stormwater improvements, landscaping and irrigation, recreational improvements, street lighting, and certain permits and professional fees as described in this 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.

PERMITTING
Construction permits for all phases are required and include the SWFWMD Environmental Resource Permit (ERP), Florida Department of Environmental Protection (FDEP), Polk County Health Department, and City construction plan approval. There may be a need for an Army Corps of Engineer (ACOE) jurisdictional wetlands within the Phase 3 CIP boundaries.

Following is a summary of required permits obtained and pending for the construction of the public infrastructure improvements for the District:
PHASE 1 – 334 lots

Permits / Approvals	Approval / Expected Date	
Zoning Approval (City of Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	Approved	
Construction Permits (City of Winter Haven)	Approved	
Polk County Health Department Water	Approved	
FDEP Sewer	Approved	
FDEP NOI	Approved	

PHASE 2 – 281 lots

Permits / Approvals	Approval / Expected Date	
Zoning Approval (Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	Approved	
Construction Permits (City of Winter Haven	Approved	
Polk County Health Department Water	Approved	
FDEP Sewer	Approved	
FDEP NOI	Approved	

PHASE 3 – 140 lots

Permits / Approvals	Approval / Expected Date	
Zoning Approval (City of Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	Approved	
Construction Permits (City of Winter Haven)	Approved	
FDEP Water	Approved	
FDEP Sewer	Approved	
FDEP NOI	Approved	

PHASE 4 – 200 lots

Permits / Approvals	Approval / Expected Date	
Zoning Approval (City of Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	Approved	
Construction Permits (City of Winter Haven)	Approved	
FDEP Water	Approved	
FDEP Sewer	Approved	
FDEP NOI	Approved	

PHASE 5 – 396 lots

Permits / Approvals	Approval / Expected Date	
Zoning Approval (City of Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	Approved	
Construction Permits (City of Winter Haven)	December 2022	
FDEP Water	December 2022	
FDEP Sewer	December 2022	
FDEP NOI	December 2022	

Permits / Approvals	Approval / Expected Date	
Zoning Approval (City of Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	April 2023	
Construction Permits (City of Winter Haven)	April 2023	
FDEP Water	April 2023	
FDEP Sewer	April 2023	
FDEP NOI	April 2023	

PHASE 7A – 304 lots

Permits / Approvals	Approval / Expected Date	
Zoning Approval (City of Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	December 2024	
Construction Permits (City of Winter Haven)	December 2024	
FDEP Water	December 2024	
FDEP Sewer	December 2024	
FDEP NOI	December 2024	

PHASE 7B – 72 lots

Permits / Approvals	Approval / Expected Date	
Zoning Approval (City of Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	December 2025	
Construction Permits (City of Winter Haven)	December 2025	
FDEP Water	December 2025	
FDEP Sewer	December 2025	
FDEP NOI	December 2025	

Permits / Approvals	Approval / Expected Date	
Zoning Approval (City of Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	December 2026	
Construction Permits (City of Winter Haven)	December 2026	
FDEP Water	December 2026	
FDEP Sewer	December 2026	
FDEP NOI	December 2026	

RECOMMENDATION

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

Items utilized in the Opinion of Probable Costs for this report are based upon proposed plan infrastructure as shown on construction drawings incorporating specifications in the most current SWFWMD and the City regulations.

REPORT MODIFICATION

During development and implementation of the public infrastructure improvements 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. This report may be amended or supplemented from time to time to provide for necessary changes in the development plan.

CONCLUSION

It is our professional opinion that the public infrastructure costs for the CIP provided in this Report are reasonable to complete the construction of the public infrastructure improvements. Furthermore, the public infrastructure improvements will benefit and add value to lands within the District at least equal to the costs of such 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 and similar basis for work in the County. However, labor market, future costs of equipment, materials, changes to the regulatory permitting agencies activities, and the actual 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 completed 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 order to facilitate accuracy associated with the Opinion of Probable Costs. Based upon the information above, it is our professional opinion that the acquisition and construction costs of the proposed CIP can be completed at the cost as stated.

EXPANSION PARCELS*
1.	262922-000000-013020
2.  262915-000000-022020
3.	262915-000000-012030

VILLAMAR CDD EXPANSION PARCELS #1-3

4.  262923-000000-011020

VILLAMAR CDD
3

3

2

1

VILLAMAR CDD
EXPANSION PARCEL #4

VILLAMAR CDD

CUNNINGHAM RD

CHERRY BLOSSOM LANE

N

1925 BARTOW ROAD  LAKELAND, FL 33801
OFFICE: (863) 940-2040 FAX: (863) 940-2044 CELL: (863) 662-0018 EMAIL: INFO@WOODCIVIL.COM

EXHIBIT 1
VILLAMAR COMMUNITY DEVELOPMENT DISTRICT LOCATION MAP
*APPROVED AND ADDED TO THE DISTRICT BY THE
CITY ORDINANCE NO.	, ADOPTED	.

NO SCALE

VILLAMAR CDD
LEGAL DESCRIPTION OF DISTRICT AS AMENDED

A PARCEL OF LAND BEING A PORTION OF SECTIONS 14, 15, 22, AND 23, TOWNSHIP 29 SOUTH, RANGE 26 EAST, POLK COUNTY, FLORIDA, BEING DESCRIBED AS FOLLOWS:
NOTE: BEARINGS ARE BASED ON THE FLORIDA STATE PLANE COORDINATE SYSTEM, NORTH AMERICAN DATUM OF 1983, (NAD 83), ADJUSTMENT OF 1990, WEST ZONE OF THE EAST LINE OF THE SOUTHEAST ¼ OF THE SOUTHEAST ¼ OF SAID SECTION 15, AS BEING N-00°22'25'-W.
BEGIN AT THE NORTHEAST CORNER OF THE SOUTHWEST ¼ OF THE NORTHEAST ¼ OF SAID SECTION 23, AND RUN THENCE ALONG THE EAST LINE OF “VILLAMAR PHASE 1”, ACCORDING TO THE PLAT THEREOF AS RECORDED IN PLAT BOOK 176, PAGES 50 TO 58 (INCLUSIVE), PUBLIC RECORDS OF POLK COUNTY, FLORIDA, ALSO BEING THE EAST LINE OF THE SOUTHWEST ¼ OF THE NORTHEAST ¼ OF SAID SECTION 23, ALSO BEING THE WEST LINE OF “CRESCENT VIEW,” ACCORDING TO THE PLAT THEREOF AS RECORDED IN PLAT BOOK 142, PAGES 18 AND 19, PUBLIC RECORDS OF POLK COUNTY, FLORIDA, S-00°36'01”-E, 630.40 FEET TO THE SOUTHEAST CORNER OF TRACT B OF SAID “VILLAMAR PHASE 1”, SAID POINT ALSO LIES ON THE NORTH LINE OF “SUNDANCE RANCH ESTATES”, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 77, PAGE 28, PUBLIC RECORDS OF POLK COUNTY, FLORIDA; THENCE RUN ALONG THE SOUTH LINE OF SAID “VILLAMAR PHASE 1”, ALSO BEING THE NORTH LINE OF SAID “SUNDANCE RANCH ESTATES,” THE FOLLOWING THREE COURSES: 1) S-89°22'55”-W, 604.89 FEET; THENCE 2) S-00°37'04”-E, 269.91 FEET; THENCE 3) S-89°55'02”-W, 685.14 FEET TO THE SOUTHWEST CORNER OF LOT 30 OF SAID “VILLAMAR PHASE 1”, SAID POINT ALSO LIES ON THE EASTERLY RIGHT-OF-WAY OF CHERRY BLOSSOM LANE (60.00 FEET WIDE); THENCE ALONG THE WEST LINE OF SAID “VILLAMAR PHASE 1”, ALSO BEING SAID EASTERLY RIGHT-OF-WAY, N-00°05'12”-W, 841.09 FEET TO THE NORTHEAST CORNER OF SAID CHERRY BLOSSOM LANE RIGHT-OF-WAY; THENCE ALONG THE NORTH LINE OF SAID RIGHT-OF-WAY, S-89°23'59”-W, 60.01 FEET TO THE NORTHWEST CORNER OF SAID CHERRY BLOSSOM LANE RIGHT-OF-WAY, SAID POINT ALSO BEING THE NORTHEAST CORNER OF TRACT F OF “VILLAMAR PHASE 2”, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 177, PAGES 9 TO 16 (INCLUSIVE), PUBLIC RECORDS OF POLK COUNTY, FLORIDA; THENCE ALONG THE EAST LINE OF SAID “VILLAMAR PHASE 2”, ALSO BEING THE WESTERLY RIGHT-OF-WAY OF SAID CHERRY BLOSSOM LANE, S-00°05'12”-E, 617.39 FEET TO THE SOUTHEAST CORNER OF TRACT G OF SAID “VILLAMAR PHASE 2”, SAID POINT ALSO BEING THE NORTHEAST CORNER OF LOT 13 OF SAID “SUNDANCE RANCH ESTATES”; THENCE ALONG THE SOUTH LINE OF SAID “VILLAMAR PHASE 2,” ALSO BEING THE NORTH LINE OF SAID “SUNDANCE RANCH ESTATES,” AND THEN ALONG THE NORTH LINE OF “SUNDANCE RANCH ESTATES PHASE TWO”, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 80, PAGE 47, PUBLIC RECORDS OF POLK COUNTY, FLORIDA, S-89°54'40”-W, 1303.55 FEET TO THE NORTHEAST CORNER OF LOT 64 OF “VILLAMAR PHASE 3”, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 186, PAGES 41 TO 47 (INCLUSIVE), PUBLIC RECORDS OF POLK COUNTY, FLORIDA, SAID POINT ALSO BEING THE NORTHWEST CORNER OF LOT 15 OF SAID “SUNDANCE RANCH ESTATES PHASE TWO”; THENCE ALONG THE EAST LINE OF SAID “VILLAMAR PHASE 3”, ALSO BEING THE WEST LINE OF SAID LOT 15, S-30°18'12”-W, 131.90 FEET; THENCE CONTINUE ALONG THE EAST LINE OF SAID “VILLAMAR PHASE 3”, ALSO BEING THE WEST LINE OF SAID LOT 15, AND THEN THE WESTERLY LINE OF LOT 16 OF SAID “SUNDANCE RANCH ESTATES PHASE TWO”, S-00°02'26”-E, 597.04 FEET TO THE SOUTHEAST CORNER OF TRACT H OF SAID “VILLAMAR PHASE 3”, SAID POINT ALSO LIES ON THE NORTH LINE OF SAID “SUNDANCE RANCH ESTATES PHASE TWO”, THENCE ALONG THE SOUTH LINE OF SAID “VILLAMAR PHASE 3”, ALSO BEING THE NORTH LINE OF SAID “SUNDANCE RANCH ESTATES PHASE TWO”, THE FOLLOWING TWO (2) COURSES: 1) S-89°50'17”-W, 1447.86 FEET; THENCE 2) S-52°57'56”-W, 162.90 FEET TO THE MOST SOUTHERLY CORNER OF TRACT B OF SAID “VILLAMAR PHASE 3”, SAID POINT ALSO LIES ON THE NORTHEASTERLY LINE OF THE CSX TRANSPORTATION RAILROAD RIGHT-OF-WAY, (100.00 FEET WIDE) ACCORDING TO THE MAP RECORDED IN MAP V5 FLA L-27-17, PUBLIC RECORDS OF POLK COUNTY, FLORIDA; THENCE ALONG THE WESTERLY LINE OF SAID “VILLAMAR PHASE 3” ALSO BEING SAID NORTHEASTERLY RAILROAD RIGHT-OF-WAY, N-37°02'21”-W, 1685.34 FEET TO A POINT ON THE WEST LINE OF THE

1925 BARTOW ROAD	LAKELAND, FL 33801
OFFICE: (863) 940-2040	FAX: (863) 940-2044	CELL: (863) 662-0018 EMAIL: INFO@WOODCIVIL.COM

EXHIBIT 2 VILLAMAR CDD
LEGAL DESCRIPTON OF AMENDED DISTRICT

PAGE 1 OF 3

SOUTHEAST ¼ OF THE NORTHEAST ¼ OF SAID SECTION 22; THENCE ALONG SAID WEST LINE, ALSO BEING THE WEST LINE OF SAID “VILLAMAR PHASE 3, N-00°36'31”-W, 140.09 FEET TO THE NORTHWEST CORNER OF SAID “VILLAMAR PHASE 3”, ALSO BEING THE SOUTHWEST CORNER OF “VILLAMAR PHASE FOUR”, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 190 PAGES 16 TO 21 (INCLUSIVE), PUBLIC RECORDS OF POLK COUNTY, FLORIDA, SAID POINT IS ALSO THE SOUTHEAST CORNER OF THE NORTHWEST ¼ OF THE NORTHEAST ¼ OF SAID SECTION 22; THENCE ALONG THE SOUTH LINE OF SAID NORTHWEST ¼ OF THE NORTHEAST ¼, N-89°41'20”-W,
104.65 FEET TO A POINT ON SAID NORTHEASTERLY RAILROAD RIGHT-OF-WAY; THENCE ALONG SAID NORTHEASTERLY RAILROAD RIGHT-OF-WAY, ALSO BEING THE SOUTHWESTERLY LINE OF THE LANDS AS DESCRIBED IN OFFICIAL RECORDS BOOK 9855, PAGE 845, PUBLIC RECORDS OF POLK COUNTY, FLORIDA, AND THEN ALONG THE SOUTHWESTERLY LINE OF THE LANDS AS DESCRIBED IN OFFICIAL RECORDS BOOK 6376, PAGE 1480, PUBLIC RECORDS OF POLK COUNTY, FLORIDA, N-37°02'20”-W, 2079.03 FEET TO THE WEST LINE OF SAID LAND AS DESCRIBED IN OFFICIAL RECORDS OF POLK COUNTY, FLORIDA, N-37°02'20”-W, 2079.03 FEET TO THE WEST LINE OF SAID LAND AS DESCRIBED IN SAID OFFICIAL RECORDS BOOK 6376, PAGE 1480; THENCE ALONG SAID WEST LINE N-00°41'26”-W, 1002.84 FEET TO THE NORTHWEST CORNER OF THE SOUTHWEST ¼ OF THE SOUTHEAST ¼ OF SAID SECTION 15; THENCE ALONG THE NORTH LINE OF SAID LANDS AS DESCRIBED IN SAID OFFICIAL RECORDS BOOK 6376, PAGE 1480, S-89°30'27”-E, 1266.00 FEET TO THE SOUTHWEST CORNER OF THE LANDS AS DESCRIBED IN OFFICIAL RECORDS BOOK 5664, PAGE 367, PUBLIC RECORDS OF POLK COUNTY, FLORIDA; THENCE ALONG THE WEST LINE OF SAID LANDS AS DESCRIBED IN OFFICIAL RECORDS BOOK 5664, PAGE 367, THE FOLLOWING THREE (3) COURSES: 1) N-00°26'46”-E, 535.71 FEET; THENCE 2) S-89°58'17”-W, 5.10 FEET; THENCE 3) N-00°10'40”-W, 1194.42 FEET TO THE NORTHWEST CORNER OF SAID LANDS AS DESCRIBED IN OFFICIAL RECORDS BOOK 5664, PAGE 367; THENCE ALONG THE NORTH LINE THEREOF, S-89°30'27”-E, 1412.77 FEET TO THE NORTHEAST CORNER THEREOF, SAID POINT ALSO LIES ON THE WEST LINE OF THE LANDS AS DESCRIBED IN OFFICIAL RECORDS BOOK 6376, PAGE 1480, PUBLIC RECORDS OF POLK COUNTY, FLORIDA; THENCE ALONG SAID WEST LINE, N-00°22'39'-W,
454.56 FEET TO THE NORTHWEST CORNER OF SAID LANDS AS DESCRIBED IN SAID OFFICIAL RECORDS BOOK 6376,
PAGE 1480; THENCE ALONG THE NORTH LINE THEREOF, N-89°33'17”-E, 259.22 FEET TO THE NORTHEAST CORNER THEREOF; THENCE N-89°33'17”-E, 1266.31 FEET; THENCE N-43°52'13”-E, 579.06 FEET; THENCE ALONG THE NORTHWESTERLY PROJECTION OF THE SOUTHERLY LINE OF THE “TOWER PARCEL” AS DESCRIBED IN OFFICIAL RECORDS BOOK 12092, PAGE 2088, PUBLIC RECORDS OF POLK COUNTY, FLORIDA, S-46°12'15”-E, 197.00 FEET TO THE SOUTHWEST CORNER OF SAID “TOWER PARCEL”; THENCE ALONG THE SOUTHERLY LINE OF SAID “TOWER PARCEL”, AND CONTINUING S-46°12'15”-E, 60.00 FEET TO THE SOUTHEAST CORNER OF SAID “TOWER PARCEL”; THENCE ALONG THE SOUTHEASTERLY PROJECTION OF SAID “TOWER PARCEL”, AND CONTINUING S-46°12'15”-E,
70.71 FEET TO A POINT THAT LIES 490.35 FEET SOUTHWESTERLY OF THE SOUTHWESTERLY RIGHT-OF-WAY OF ELOISE LOOP ROAD (COUNTY ROAD 540-A, STATE ROAD 540-A); THENCE N-50°31'13”-E, 490.35 FEET TO SAID SOUTHWESTERLY RIGHT-OF-WAY; THENCE ALONG SAID SOUTHWESTERLY RIGHT-OF-WAY, S-38°52'08”-E, 188.19 FEET TO A POINT ON THE EAST LINE OF THE SOUTHEAST ¼ OF THE NORTHWEST ¼ OF SAID SECTION 14; THENCE ALONG SAID EAST LINE, AND THEN ALONG THE EAST LINE OF THE NORTHEAST ¼ OF THE SOUTHWEST ¼ OF SAID SECTION 14, S-00°05'44”-E, 2530.38 FEET TO A POINT ON THE NORTH LINE OF “TERRANOVA PHASE III” ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 124, PAGES 23 TO 27 (INCLUSIVE), PUBLIC RECORDS OF POLK COUNTY, FLORIDA; THENCE ALONG SAID NORTH LINE, S-89°34'39”-W, 1324.55 FEET TO THE NORTHWEST CORNER OF SAID “TERRANOVA PHASE III”, ALSO BEING THE NORTHWEST CORNER OF THE SOUTHEAST ¼ OF THE SOUTHWEST ¼ OF SAID SECTION 14 ACCORDING TO THE RECORDED PLAT OF SAID “TERRANOVA PHASE III”, THENCE ALONG THE WEST LINE OF SAID “TERRANOVA PHASE III”, S-00°11'49”-E, 0.44 FEET TO A POINT ON THE SOUTH LINE OF THE NORTHWEST ¼ OF THE SOUTHEAST ¼ OF SAID SECTION 14; THENCE CONTINUE ALONG THE WEST LINE OF SAID “TERRANOVA PHASE III,” THEN ALONG THE WEST LINE OF “TERRANOVA PHASE IV”, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 130, PAGES 6 AND 7, PUBLIC RECORDS OF POLK COUNTY, FLORIDA, CONTINUING S-00°11'49”-E, 1329.50 FEET TO A POINT ON THE SOUTH LINE OF SAID “TERRANOVA PHASE IV”; THENCE ALONG THE SOUTH LINE OF SAID “TERRANOVA PHASE IV” N-89°28'44”-E, 0.47 FEET TO THE NORTHEAST CORNER OF THE NORTHWEST ¼ OF THE NORTHWEST ¼ OF SAID SECTION 23; THENCE ALONG THE EAST LINE THEREOF, S-00°35'58”-E, 364.00 FEET TO THE NORTHWEST CORNER OF TRACT A OF SAID “TERRANOVA PHASE FOUR”, SAID POINT ALSO LIES ON THE SOUTH LINE OF THE NORTH
364.00 FEET OF THE NORTH ½ OF THE NORTHEAST ¼ OF THE NORTHWEST ¼ OF SAID SECTION 23;

1925 BARTOW ROAD	LAKELAND, FL 33801
OFFICE: (863) 940-2040	FAX: (863) 940-2044	CELL: (863) 662-0018 EMAIL: INFO@WOODCIVIL.COM

EXHIBIT 2 VILLAMAR CDD
LEGAL DESCRIPTON OF AMENDED DISTRICT

PAGE 2 OF 3

THENCE ALONG THE NORTH LINE OF SAID “TERRANOVA PHASE FOUR”, ALSO BEING THE SOUTH LINE OF THE NORTH 364.00 FEET OF THE NORTH ½ OF THE NORTHEAST ¼ OF THE NORTHWEST ¼ OF SAID SECTION 23, N-89°28'44”-E, 1321.79 FEET TO THE NORTHEAST CORNER OF TRACT G OF SAID “TERRANOVA PHASE FOUR”; THENCE ALONG THE EAST LINE OF SAID TRACT G, S-00°36'29”-E, 189.95 FEET TO THE NORTHWEST CORNER OF LOT 27 OF SAID “TERRANOVA PHASE FOUR”; THENCE ALONG THE NORTH LINE THEREOF, ALSO BEING THE NORTH LINE OF THE SOUTH 109.00 FEET OF THE NORTH ½ OF THE NORTHWEST ¼ OF THE NORTHEAST ¼ OF SAID SECTION 23, N-89°43'49”-E, 1322.82 FEET TO THE NORTHEAST CORNER OF SAID LOT 27; THENCE ALONG THE EAST LINE OF SAID “TERRANOVA PHASE FOUR”, S-00°36'26”-E, 109.00 FEET TO THE SOUTHEAST CORNER OF LOT 26 OF SAID “TERRANOVA PHASE FOUR”, THENCE ALONG THE SOUTH LINE OF SAID LOT 26, ALSO BEING THE SOUTH LINE OF THE NORTH ½ OF THE NORTHWEST ¼ OF THE NORTHEAST ¼ OF SAID SECTION 23, ALSO BEING THE NORTH LINE OF THE SOUTH ½ OF THE NORTHWEST ¼ OF THE NORTHEAST ¼ OF SECTION 23, S-89°39'10”-W, 0.15 FOOT TO A POINT ON THE NORTHERLY PROJECTION OF THE EAST LINE OF SAID “VILLAMAR PHASE 1”; THENCE ALONG SAID NORTHERLY PROJECTION, THEN ALONG THE EAST LINE OF SAID “VILLAMAR PHASE 1”, S-00°36'30”-E, 623.11 FEET TO A POINT ON THE NORTH LINE OF THE SOUTH 40.00 FEET OF THE NORTHEAST ¼ OF THE NORTHEAST ¼ OF SAID SECTION 23; THENCE ALONG SAID NORTH LINE, N-89°42'54”-E, 1242.88 FEET; THENCE DEPARTING SAID NORTH LINE, N-44°33'20”-E, 70.51 FEET TO A POINT ON THE WEST RIGHT-OF-WAY OF RATTLESNAKE ROAD (COUNTY ROAD 653, STATE ROAD 653), AS DESCRIBED IN DEED BOOK 1023, PAGES 461, PUBLIC RECORDS OF POLK COUNTY, FLORIDA; THENCE ALONG SAID WEST RIGHT-OF-WAY, S-00°36'34”-E, 74.14 FEET TO THE MAINTAINED RIGHT-0F-WAY OF CUNNINGHAM ROAD, ACCORDING TO THE MAP THEREOF, AS RECORDED IN MAP BOOK 7, PAGE 349, PUBLIC RECORDS OF POLK COUNTY, FLORIDA; THENCE ALONG SAID MAINTAINED RIGHT-OF-WAY THE FOLLOWING THIRTEEN (13) COURSES: 1) S-88°34'10”-W, 92.81 FEET; THENCE 2) S-89°42'55”-W, 100.00 FEET;
THENCE 3) S-89°42'55”-W, 100.00 FEET; THENCE 4) S-89°08'32”-W, 100.00 FEET; THENCE 5) N-89°42'43”-W,
100.00 FEET; THENCE 6) S-89°42'55”-W, 100.00 FEET; THENCE 7) S-87°25'28”-W, 100.08 FEET; THENCE 8)
N-89°42'43”-W, 100.00 FEET; THENCE 9) N-89°08'21”-W, 100.02 FEET; THENCE 10) S-89°42'55”-W, 100.00 FEET;
THENCE 11) N-89°42'43”-W, 100.00 FEET; THENCE 12) S-89°42'55”-W, 100.00 FEET; THENCE 13) S-89°42'55”-W,
100.08 FEET TO A POINT ON THE EAST LINE OF SAID “VILLAMAR PHASE 1”, SAID POINT ALSO LIES ON THE EAST LINE OF THE NORTHWEST ¼ OF THE NORTHEAST ¼ OF SAID SECTION 23; THENCE ALONG SAID WEST LINES, S-00°36'30”-E, 13.95 FEET TO THE POINT OF BEGINNING.
CONTAINING: 583.79 ACRES, MORE OR LESS.

1925 BARTOW ROAD	LAKELAND, FL 33801
OFFICE: (863) 940-2040	FAX: (863) 940-2044	CELL: (863) 662-0018 EMAIL: INFO@WOODCIVIL.COM

EXHIBIT 2 VILLAMAR CDD
LEGAL DESCRIPTON OF AMENDED DISTRICT

PAGE 3 OF 3

DISTRICT BOUNDARY

CUNNINGHAM RD

DISTRICT BOUNDARY

CHERRY BLOSSOM LANE

N

1925 BARTOW ROAD	LAKELAND, FL 33801
OFFICE: (863) 940-2040	FAX: (863) 940-2044	CELL: (863) 662-0018 EMAIL: INFO@WOODCIVIL.COM

EXHIBIT 3
VILLAMAR COMMUNITY DEVELOPMENT DISTRICT DISTRICT BOUNDARY MAP

NO SCALE

DISTRICT BOUNDARY

PD	PD

PD
DISTRICT BOUNDARY

CUNNINGHAM RD

PD

N

1925 BARTOW ROAD	LAKELAND, FL 33801
OFFICE: (863) 940-2040	FAX: (863) 940-2044	CELL: (863) 662-0018 EMAIL: INFO@WOODCIVIL.COM

LEGEND

PD - PLANNED DEVELOPMENT

COMPOSITE EXHIBIT 4 VILLAMAR CDD
ZONING MAP
CITY OF WINTER HAVEN

NO SCALE

CON
DISTRICT BOUNDARY
RL

RL

RE

CON

DISTRICT BOUNDARY

CUNNINGHAM RD

CHERRY BLOSSOM LANE

RE

1925 BARTOW ROAD	LAKELAND, FL 33801
OFFICE: (863) 940-2040	FAX: (863) 940-2044	CELL: (863) 662-0018 EMAIL: INFO@WOODCIVIL.COM

LEGEND

RL - RESIDENTIAL LOW DENSITY RE - RESIDENTIAL ESTATE
CON - CONSERVATION

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

N

NO SCALE

DISTRICT BOUNDARY

16"

16"

DISTRICT BOUNDARY

8"

16"

16"

8"

16"

CUNNINGHAM RD
8"

CHERRY BLOSSOM LANE

8"	8"
16"

8"

N

1925 BARTOW ROAD	LAKELAND, FL 33801
OFFICE: (863) 940-2040	FAX: (863) 940-2044	CELL: (863) 662-0018 EMAIL: INFO@WOODCIVIL.COM

LEGEND

EXISTING WATER MAIN AS NOTED EXISTING FORCE MAIN AS NOTED

COMPOSITE EXHIBIT 6 VILLAMAR CDD
WATER & FORCE MAINS

NO SCALE

FLOOD ZONE AE

FLOOD ZONE AE

DISTRICT BOUNDARY

FLOOD ZONE
X5	FLOOD

DISTRICT BOUNDARY
FLOOD

ZONE AE

FLOOD

FLOOD ZONE

ZONE AE

FLOOD ZONE AE

ZONE AE

CUNNINGHAM RD

X5	FLOOD
ZONE X5

CHERRY BLOSSOM LANE

FLOOD ZONE A

LEGEND

Drainage Flow

1925 BARTOW ROAD	LAKELAND, FL 33801
OFFICE: (863) 940-2040	FAX: (863) 940-2044	CELL: (863) 662-0018 EMAIL: INFO@WOODCIVIL.COM

COMPOSITE EXHIBIT 7 VILLAMAR CDD
DRAINAGE MAP

N

NO SCALE

Composite Exhibit 8
Villamar Community Development District Summary of Probable Cost

Number of Lots(10)	334	281	140	200	396	45	304	72	224	1996	
Infrastructure (1)(9)	Phase 1 
2019‐2020	Phase 2
2020‐2022	Phase 3
2021‐2023	Phase 4
2022‐2024	Phase 5
2023‐2025	Phase 6 
2024‐2025	Phase 7A
2024‐2026	Phase 7B
2025‐20207	Phase 8
2026‐2027	Total	
Offsite Improvements (5)(6)	$	340,000.00	$	310,000.00	$	455,000.00	$	1,050,000.00	$	750,000.00	$	25,000.00	$	350,000.00	$	160,000.00	$	380,000.00	$	3,820,000.00	
Stormwater Management (2)(3)(5)(6)	$	4,170,000.00	$	3,767,500.00	$	925,000.00	$	1,300,000.00	$	4,284,000.00	$	472,500.00	$	3,076,500.00	$	756,000.00	$	2,352,000.00	$	21,103,500.00	
Utilities (Water, Sewer, Reclaimed & Street Lighting) (5)(6)(8)	
$	2,000,000.00	
$	1,866,000.00	
$	1,190,000.00	
$	1,700,000.00	
$	5,508,000.00	
$	607,500.00	
$	3,955,500.00	
$	972,000.00	
$	3,024,000.00	
$	20,823,000.00	
Roadways (4)(5)(6)	$	1,500,000.00	$	1,204,000.00	$	625,000.00	$	890,000.00	$	2,448,000.00	$	270,000.00	$	1,758,000.00	$	432,000.00	$	1,344,000.00	$	10,471,000.00	
Entry Feature, Signage, Landscape &
Irrigation(6)(7)	$	105,000.00	$	95,000.00	$	50,000.00	$	90,000.00	$	650,000.00	$	50,000.00	$	450,000.00	$	220,000.00	$	540,000.00	$	2,250,000.00	
Parks and Recreation Facilities (1)(6)	$	420,000.00	$	380,000.00	$	190,000.00	$	280,000.00	$	300,000.00	$	80,000.00	$	1,700,000.00	$	120,000.00	$	200,000.00	$	3,670,000.00	
Contingency	$	420,000.00	$	360,000.00	$	340,000.00	$	539,000.00	$	1,394,000.00	$	150,500.00	$	1,129,000.00	$	266,000.00	$	784,000.00	$	5,382,500.00	
TOTAL	$	8,955,000.00	$	7,982,500.00	$	3,775,000.00	$	5,849,000.00	$ 15,334,000.00	$	1,655,500.00	$ 12,419,000.00	$	2,926,000.00	$	8,624,000.00	$	67,520,000.00	

Notes:
	Infrastructure consists of offsite improvements, public roadway improvements, stormwater management facilities, 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, lot finishing in conjunction with home construction, which will be provided by the home builder
Includes stormwater pond excavation and mass grading of the site. Costs do not include transportation to or placement of fill on private property
Includes sub‐grade, base, asphalt paving, curbing, sidewalks and civil/site engineering of public roads
Includes subdivision infrastructure and civil/site engineering.
Estimates are based on 2022 costs.
Includes entry features, signage, hardscape, landscape, irrigation and fencing
The CDD presently intends to purchase, install, and maintain the street lighting along the internal roadways within the CDD or enter into a Lighting Agreement with Tampa Electric for operation and maintenance of the street light poles and lighting service to the District. Only undergrounding of wire in public right‐of‐way and on District land will be funded with bond proceeds.
Estimates based on Master Infrastructure to support development of 1996 lots.
Lot Summary Table provided on Exhibit 10 – Master Site Plan.

Composite Exhibit 9
Villamar Community Development District Summary of Proposed District Facilities

District Infrastructure	
Construction	
Ownership	
Capital Financing*	Operation and Maintenance	
Offsite Improvements	District	Polk County/City of
Winter Haven	District Bonds	Polk County/City of
Winter Haven	
Stormwater Facilities	District	District	District Bonds	District	
Lift Stations/Water/Sewer	District	City of Winter Haven	District Bonds	City of Winter Haven	
Street Lighting/Conduit	District	**District	District Bonds	**District	
Roadway	District	District/City	District Bonds	District/City	
Entry Feature & Signage	District	District	District Bonds	District	
Parks & Recreation Facilities	District	District	District Bonds	District	

*Costs not funded by bonds will be funded by the developer.
** Street lighting/conduit shall be owned and maintained by the District or the District shall enter into a lease with Tampa Electric.

VILLAMAR
MASTER SITE LAYOUT

PHASE 1	(50' x 110') =	322		
*(PH 1 & 2)	(70' x 200') =	12	(LAKEFRONT)	
	Total	334		
PHASE 2	(50' X 110') =	97		
*(PH 3)	(40' x 115') =	184		
	Total	281		
PHASE 3	(50' x 110') =	93		
*(PH 4)	(40' x 110') =	21		
	(50' x 120') =	26		
	Total	140		
PHASE 4	(50' x 110') =	62		
*(PH 5)	(40' x 110') =	138		
	Total	200		
PHASE 5	(50' x 110') =	194		
*(PH 6A, 6B,	(40' x 110') =	202		
6C)	Total	396		
PHASE 6	(50' x 110') =	11		
*(PH 6D)	(40' x 110') =	34		
	Total	45		
PHASE 7A	(50' x 110') =	72		
*(PH 7A)	(40' x 110') =	232		
	Total	304		
PHASE 7B	(50' x 110')=	13		
*(PH 7B)	(40' x 110') =	59		
	Total	72		
PHASE 8	(50' x 110') =	94		
*(PH 8)	(40' x 110') =	130		
Total		224		

LOT SUMMARY - CDD PHASES 1 - 8

PROPOSED CUNNINGHAM RD.

DEVELOPED (OR IN PROGRESS)
(DEVELOPMENT PHASES)
PH 1	206

100+00.00

101+00

102+00

103+00	104+00

106+00	107+00	108+00	109+00  109+50.00  110+00

110+00

111+64.29

12+00

11+00	10+00.00

502+78.78

PH 2	128
PH 3	281

202+34.25  203+00

204+00

206+00	207+00	208+00

210+00

30'

210+54.25

30'

115+86.57

30'

505+38.78

501+00

114+00  113+42.32 113+00 112+58.54

121+21.10 121+00

120+45.15

116+00

117+00	118+00  118+49.90

107+00

30'

108+00

109+00	110+00	111+00

112+00

113+00 113+31.21

115+31.02

115+48.29

116+00	117+00

117+62.17 118+00

118+63.21 119+00

120+00	121+00

122+00	123+00

123+58.38 124+00

124+58.58

PH 4	140
PH 5	200

100+21.32

101+00

102+00 102+40.98

103+00	104+00	105+00	106+00

30'

416+00

417+00	418+00	419+00	420+00	421+00

423+00	424+00	425+00	426+00

600+80.91

603+87.67

603+00

602+00

30'

426+25.18

422+00

TOTAL	955
FUTURE (OR IN PERMITTING)

3+40.16  3+84.24 4+00

PH 6	396

614+19.30

414+00

614+00

416+87.80

613+00

612+00

611+00

610+00

609+00

608+00

607+00

606+00

605+00

604+81.92

PHASE 1- 8 TOTAL LOTS = 1,996
* DEVELOPMENT PHASE

5+15.40   6+00  6+62.16 7+00	8+08.17	9+00  9+52.39 10+00.00

(6A, 6B, 6C)
PH 6D	45	TOTAL LOTS
40' LOTS = 1,000
50' LOTS =	984	
PH 7A	304	70' LOTS =	12	
PH 7B	72			
PH 8	224			
TOTAL	1,041			

BREAKDOWN BY OWNER FUTURE LOTS VILLAMAR FG	508
DRH	?
REMAINING	?
BOWEN PARCELS	533
TOTAL	1,041

Amendment to the Amended and Restated Engineer’s Report for Capital Improvements

PREPARED FOR: BOARD OF SUPERVISORS
VILLAMAR

COMMUNITY DEVELOPMENT DISTRICT

PREPARED BY:

1925 Bartow Road • Lakeland, FL 33801 • 863-940-2040

May 2, 2023

TABLE OF CONTENTS
PURPOSE	1
SECTION VII – PERMITTING	1-3
EXHIBIT 8 – SUMMARY OF PROBABLE COST	3
EXHIBIT 10 – MASTER SITE PLAN	3

VILLAMAR CDD
AMENDED AND RESTATED ENGINEER’S REPORT

PURPOSE
The purpose of this Amendment is to amend the Amended and Restated Engineer’s Report for Capital Improvements, dated December 15, 2022 (the “Master Report”). The Master Report described the development occurring in eight phases. Additional details have been added to clarify the correlation of phasing to assessment and development areas, and updates have been made to reflect the most current cost estimates, unit counts, and permit status.

SECTION VII - PERMITTING
The Permitting tables in Section VII of the Master Report has been updated to reflect the most recent permitting status as follows:

District Phase 1 - Assessment Area 1 Development Phase 1 & 2 – 334 lots

Permits / Approvals	Approval / Expected Date	
Zoning Approval (City of Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	Approved	
Construction Permits (City of Winter Haven)	Approved	
Polk County Health Department Water	Approved	
FDEP Sewer	Approved	
FDEP NOI	Approved	

District Phase 2 - Assessment Area 2 Development Phase 3 – 281 lots

Permits / Approvals	Approval / Expected Date	
Zoning Approval (Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	Approved	
Construction Permits (City of Winter Haven)	Approved	
Polk County Health Department Water	Approved	
FDEP Sewer	Approved	
FDEP NOI	Approved	

District Phase 3 - Assessment Area 3 Development Phase 4 – 140 lots

Permits / Approvals	Approval / Expected Date	
Zoning Approval (City of Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	Approved	
Construction Permits (City of Winter
Haven)	Approved	
FDEP Water	Approved	
FDEP Sewer	Approved	
FDEP NOI	Approved	

District Phase 4 - Assessment Area 4 Development Phase 5 – 200 lots

Permits / Approvals	Approval / Expected Date	
Zoning Approval (City of Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	Approved	
Construction Permits (City of Winter Haven)	Approved	
FDEP Water	Approved	
FDEP Sewer	Approved	
FDEP NOI	Approved	

District Phase 5 & 6 - Assessment Area 5 Development Phase 6 & 6D – 443 lots

Permits / Approvals	Approval / Expected Date	
Zoning Approval (City of Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	Approved	
Construction Permits (City of Winter
Haven)	April 2023	
FDEP Water	April 2023	
FDEP Sewer	April 2023	
FDEP NOI	April 2023	

District Phase 7A & 7B - Assessment Area 6 Development Phase 7 – 391 lots

Permits / Approvals	Approval / Expected Date	
Zoning Approval (City of Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	September 2023	
Construction Permits (City of Winter
Haven)	September 2023	
FDEP Water	September 2023	
FDEP Sewer	September 2023	
FDEP NOI	September 2023	

District Phase 8 - Assessment Area 7 Development Phase 8 – 211 lots

Permits / Approvals	Approval / Expected Date	
Zoning Approval (City of Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	December 2024	
Construction Permits (City of Winter
Haven)	December 2024	
FDEP Water	December 2024	
FDEP Sewer	December 2024	
FDEP NOI	December 2024	

EXHIBIT 8 – SUMMARY OF PROBABLE COSTS
The Summary of Probable Cost table attached as Exhibit 8 to the Master Report has been updated to reflect the correlation of project phasing to assessment areas, and to include updated unit counts and cost estimates. The total unit count has been updated to 2000 units.

EXHIBIT 10 – MASTER SITE PLAN
The overall layout was updated to reflect the revised phasing and lot count.

Composite Exhibit 8
Villamar Community Development District Summary of Probable Cost

Assessment Area	1	2	3	4	5	6	7		
Development Phase	1 & 2	3	4	5	6	6D	7	8		
Number of Lots(10)	334	281	140	200	443	391	211	2000	

District Phase	Phase 1 
2019‐2020	Phase 2
2020‐2022	Phase 3
2021‐2023	Phase 4
2022‐2024	Phase 5	Phase 6	Phase 7A	Phase 7B	Phase 8
2024‐2025	
Total	
					2023‐2024 	2023‐2024			
Infrastructure (1)(9)(11)									
Offsite Improvements (5)(6)	$	340,000.00	$	310,000.00	$	455,000.00	$	1,050,000.00	$	1,653,000.00	$	510,000.00	$	380,000.00	$	4,698,000.00	
Stormwater Management (2)(3)(5)(6)	$	4,170,000.00	$	3,767,500.00	$	925,000.00	$	1,300,000.00	$	4,426,912.15	$	3,907,274.60	$	2,108,529.26	$	20,605,216.01	
Utilities (Water, Sewer, Reclaimed & Street Lighting) (5)(6)(8)	
$	2,000,000.00	
$	1,866,000.00	
$	1,190,000.00	
$	1,700,000.00	
$	5,712,890.75	
$	5,042,303.12	
$	2,721,038.26	
$	20,232,232.12	
Roadways (4)(5)(6)	$	1,500,000.00	$	1,204,000.00	$	625,000.00	$	890,000.00	$	2,125,434.75	$	1,875,948.05	$	1,012,340.25	$	9,232,723.05	
Entry Feature, Signage, Landscape &
Irrigation(6)(7)	$	105,000.00	$	95,000.00	$	50,000.00	$	90,000.00	$	650,000.00	$	670,000.00	$	540,000.00	$	2,200,000.00	
Parks and Recreation Facilities (1)(6)	$	420,000.00	$	380,000.00	$	190,000.00	$	280,000.00	$	150,000.00	$	1,350,000.00	$	200,000.00	$	2,970,000.00	
Contingency	$	420,000.00	$	360,000.00	$	340,000.00	$	539,000.00	$	1,471,823.76	$	1,335,552.58	$	696,190.78	$	5,162,567.12	
TOTAL	$	8,955,000.00	$	7,982,500.00	$	3,775,000.00	$	5,849,000.00	$	16,190,061.41	$	14,691,078.35	$	7,658,098.55	$	65,100,738.30	

Notes:
	Infrastructure consists of offsite improvements, public roadway improvements, stormwater management facilities, 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, lot finishing in conjunction with home construction, which will be provided by the home builder
Includes stormwater pond excavation and mass grading of the site. Costs do not include transportation to or placement of fill on private property
Includes sub‐grade, base, asphalt paving, curbing, sidewalks and civil/site engineering of public roads.
Includes subdivision infrastructure and civil/site engineering.
Estimates are based on 2023 costs.
Includes entry features, signage, hardscape, landscape, irrigation and fencing.
The CDD presently intends to purchase, install, and maintain the street lighting along the internal roadways within the CDD or enter into a Lighting Agreement with Tampa Electric for operation
and maintenance of the street light poles and lighting service to the District. Only the incremental costs of undergrounding of wire in public right‐of‐way and on District land will be funded with bond procee
Estimates based on Master Infrastructure to support development of 2000 lots.
Lot Summary Table provided on Exhibit 10 – Master Site Plan.
The District will pay the lesser of the actual cost of the improvements or fair market value.

0

Scale: 1" = 300'

LOT SUMMARY - CDD PHASES 1 - 7
DISTRICT PHASES
PHASE 1	(50' x 110') =	322
*(PH 1 & 2)	(70' x 200') =	12	(LAKEFRONT)	
**(PH 1)	Total	334		
PHASE 2	(50' X 110') =	97		
*(PH 3)	(40' x 115') =	184		
**(PH 2)	Total	281		
PHASE 3	(50' x 110') =	93		
*(PH 4)	(40' x 110') =	21		
**(PH 3)	(50' x 120') =	26		

(W) (W)

(W) (W) (W) (W) (W) (W)  (W) (W)

Total	140

PROPOSED CUNNINGHAM RD.

(FM)	(FM)

PHASE 4	(50' x 110') =	62

(FM)  (FM)  (FM)  (FM)

(FM)

(FM)
*(PH 5)	(40' x 110') =	138	
**(PH 4)	Total	200	
PHASE 5 &	(50' x 110') =	194	
PHASE 6	(40' x 110') =	202	
*(PH 6)	Total	396	

*(PH 6D)	(50' x 110') =	11	
	(40' x 110') =	36	

**(PH 5)	Total	47

100+00.00

101+00

102+00

103+00	104+00

106+00	107+00

108+00	109+00  109+50.00  110+00

110+00

>  >  >  >
111+64.29

PHASE 7A &(50' x 110') =	34

(W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W)

PHASE 7B (40' x 110') =	357

RW  RW

114+00  113+42.32 113+00 112+58.54

(FM)(FM)  (FM)(FM) (FM)(FM)

*(PH 7)	Total	391

RW	RW  RW  RW  RW

RW  RW

RW

RW  RW  RW  RW  RW  RW

RW  RW	RW  RW  RW  RW

(W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W)

>

12+00

11+00	10+00.00

RW  RW

505+38.78

(FM)(FM)

>	>  >  >  >  >  >  >  >

**(PH 6)

>  >  >

RW	RW

(FM)(FM)  (FM)(FM)

RW  RW  RW  RW

RW  RW

RW

RW  RW  RW  RW	RW

RW  RW

202+34.25  203+00

204+00

206+00	207+00	208+00

210+00

RW

210+54.25

502+78.78

115+86.57
116+00

RW

RW  RW  RW

117+00	118+00  118+49.90

RW

PHASE 8	(50' x 110') =	149

120+45.15

*(PH 8)	(40' x 110') =	62
RW	**(PH 7)	Total	211

30'

501+00

121+21.10 121+00

30'

D

(FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)

(FM)

(FM)

(FM)

>

>

(FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)

(FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)

(FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)

30'

30'

(FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)

(FM)

>  > RW >  > RW  RW
RW

> RW

>  > RW > RW > RW

115+31.02

116+00	117+00

117+62.17 118+00

118+63.21

(FM)

>   RW>  > RW  RW  RW

8+08.17	9+00  9+52.39 10+00.00

RW

RW

RW  RW  RW  RW  RW  RW

107+00

108+00

RW  RW

109+00	110+00	111+00

112+00

113+00 113+31.21

115+48.29

119+00	120+00

121+00

122+00	123+00

123+58.38 124+00

124+58.58

100+21.32

101+00

>  >  >

102+00 102+40.98

103+00	104+00	105+00	106+00

>  >  >  >  >  >

>

RW  RW

600+80.91

30'

>  >  >  >	>

>  >  >  >	>  >  >  >

>  >  >  >  >  >  >

(FM)
(FM)

(FM)  (FM)

<  <  <  <  <  <  <  <  <  <  < 30'

RW	RW  RW  RW

(W) (W) (W) (W) (W)

(W) (W) (W) (W) (W) (W) (W) (W) (W)  (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W)  (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W)

(SS)  (SS)  (SS)  (SS)  (SS)

(W) (W) (W) (W) (W) (W) (W) (W) (W)

RW  RW  RW  RW   RW  RW

(SS)  (SS)  (SS)  (SS)

(SS)  (SS)  (SS)  (SS)  (SS)

(SS)

(SS)

(SS)

(W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W)

(SS)  (SS)  (SS)  (SS)

(SS)  (SS)  (SS)  (SS)  (SS)  (SS)  (SS)

417+00	418+00	419+00	420+00	421+00

416+00

416+87.80

RW  RW  RW  RW  RW

423+00	424+00	425+00	426+00

602+00

426+25.18

422+00

RW  RW  RW  RW  RW  RW

RW  RW  RW  RW

PHASE 1- 7 TOTAL LOTS = 2,000

(SS)  (SS)

(SS)  (SS)  (SS)  (SS)  (SS)  (SS)  (SS)  (SS)  (SS)  (SS)

(SS)  (SS)

>  >

<  <  <  <  <  <

3+40.16  3+84.24 4+00	5+15.40   6+00  6+62.16 7+00

(FM)

414+00

RW

603+87.67

603+00

(SS)(SS)

RW  RW  RW  RW

RW

RW  RW  RW  RW

608+00

RW  RW

607+00

RW  RW  RW

606+00

605+00

614+19.30
614+00

613+00

612+00

611+00

610+00

609+00

604+81.92

8

* DEVELOPMENT PHASE
**ASSESSMENT AREA

<

<

<

<  <  <

RW

(FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)

TOTAL LOTS

(W)(W)

(W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W)

(W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W) (W) (W) (W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W)

(W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W)

40' LOTS = 1,000
50' LOTS =	988
70' LOTS =	12

(W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W)

(FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM) (FM)(FM) (FM)(FM)

PHASE LINE

WWWW WWWW WWWW WWWW

Nicki
2023-05-01 16:08:41
--------------------------------------------
8

(FM)(FM)

(FM)(FM)  (FM)(FM)  (FM)(FM) (FM)(FM)

(FM)(FM)  (FM)(FM)

(FM)(FM)  (FM)(FM)  (FM)(FM) (FM)(FM)

(FM)(FM)

(FM)(FM)  (FM)(FM)  (FM)(FM) (FM)(FM)

(FM)(FM)  (FM)(FM)  (FM)(FM) (FM)(FM)

(FM)(FM)

(FM)(FM) (FM)(FM) (FM)(FM)

(FM)(FM)  (FM)(FM)  (FM)(FM) (FM)(FM)

(FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)

SUPPLEMENTAL ENGINEER’S REPORT FOR ASSESSMENT AREA SIX

PREPARED FOR: BOARD OF SUPERVISORS VILLAMAR
COMMUNITY DEVELOPMENT DISTRICT

PREPARED BY:

1925 Bartow Road • Lakeland, FL 33801 • 863-940-2040

December 5, 2023

TABLE OFCONTENTS

PURPOSE	1
PERMITTING CHART	1
EXHIBIT 8 – SUMMARY OF PROBABLE COST	1
EXHIBIT 10 – MASTER SITE PLAN	1

LIST OF TABLES & EXHIBITS

EXHIBIT 8–SUMMARY OF PROBABLE COST EXHIBIT 10 – MASTER SITE PLAN

VILLAMAR CDD SUPPLEMENTAL ENGINEER'S REPORT

PURPOSE

The purpose of this report is to supplement the Amended and Restated Engineer’s Report for Capital Improvements, dated December 15, 2022, as previously amended by the Amendment to the Amended and Restated Engineer’s Report for Capital Improvements, dated May 2, 2023, to reflect changes in Villamar Assessment Area 6 (Development Phase 7). The lot count in Assessment Area 6 has been increased from 391 lots to 393 lots. The Villamar CDD is expected to consist of 2002 lots. Included in this Supplemental Engineer’s Report are amendments to the permitting chart, Exhibit 8 (Summary of Probable Cost), and Exhibit 10 (Master Site Plan).

PERMITTING CHART
The dates in the permitting chart have been updated to reflect a more current timeline.

District Phase 7A & 7B - Assessment Area 6 Development Phase 7 – 393 lots

Permits / Approvals	Approval / Expected Date	
Zoning Approval (City of Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	Approved	
Construction Permits (City of Winter Haven)	December 2023	
FDEP Water	December 2023	
FDEP Sewer	December 2023	
FDEP NOI	December 2023	

EXHIBIT 8 (SUMMARY OF PROBABLE COST)
The cost projections for Assessment Area 6 were adjusted to reflect current construction costs and increased lot count from 391 to 393 lots.
EXHIBIT 10 (MASTER SITE PLAN)
The overall layout was revised to show the construction of the Development with the new lot count.

1

Composite Exhibit 8
Villamar Community Development District Summary of Probable Cost

Assessment Area	1	2	3	4	5	6	7		
Development Phase	1 & 2	3	4	5	6	6D	7	8		
Number of Lots(10)	334	281	140	200	443	393	211	2002	

District Phase	Phase 1 
2019‐2020	Phase 2
2020‐2022	Phase 3
2021‐2023	Phase 4
2022‐2024	Phase 5	Phase 6	Phase 7A	Phase 7B	Phase 8
2024‐2025	
Total	
					2023‐2024 	2023‐2024			
Infrastructure (1)(9)(11)									
Offsite Improvements (5)(6)	$	340,000.00	$	310,000.00	$	455,000.00	$	1,050,000.00	$	1,653,000.00	$	275,000.00	$	380,000.00	$	4,463,000.00	
Stormwater Management (2)(3)(5)(6)	$	4,170,000.00	$	3,767,500.00	$	925,000.00	$	1,300,000.00	$	4,426,912.15	$	3,867,482.55	$	2,108,529.26	$	20,565,423.96	
Utilities (Water, Sewer, Reclaimed & Street Lighting) (5)(6)(8)	
$	2,000,000.00	
$	1,866,000.00	
$	1,190,000.00	
$	1,700,000.00	
$	5,712,890.75	
$	4,982,289.62	
$	2,721,038.26	
$	20,172,218.62	
Roadways (4)(5)(6)	$	1,500,000.00	$	1,204,000.00	$	625,000.00	$	890,000.00	$	2,125,434.75	$	2,609,273.82	$	1,012,340.25	$	9,966,048.81	
Entry Feature, Signage, Landscape &
Irrigation(6)(7)	$	105,000.00	$	95,000.00	$	50,000.00	$	90,000.00	$	650,000.00	$	520,000.00	$	540,000.00	$	2,050,000.00	
Parks and Recreation Facilities (1)(6)	$	420,000.00	$	380,000.00	$	190,000.00	$	280,000.00	$	150,000.00	$	1,385,000.00	$	200,000.00	$	3,005,000.00	
Contingency	$	420,000.00	$	360,000.00	$	340,000.00	$	539,000.00	$	1,471,823.76	$	1,363,904.60	$	696,190.78	$	5,190,919.14	
TOTAL	$	8,955,000.00	$	7,982,500.00	$	3,775,000.00	$	5,849,000.00	$	16,190,061.41	$	15,002,950.58	$	7,658,098.55	$	65,412,610.53	

Notes:
	Infrastructure consists of offsite improvements, public roadway improvements, stormwater management facilities, 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, lot finishing in conjunction with home construction, which will be provided by the home builder
Includes stormwater pond excavation and mass grading of the site. Costs do not include transportation to or placement of fill on private property
Includes sub‐grade, base, asphalt paving, curbing, sidewalks and civil/site engineering of public roads.
Includes subdivision infrastructure and civil/site engineering.
Estimates are based on 2023 costs.
Includes entry features, signage, hardscape, landscape, irrigation and fencing.
The CDD presently intends to purchase, install, and maintain the street lighting along the internal roadways within the CDD or enter into a Lighting Agreement with Tampa Electric for operation
and maintenance of the street light poles and lighting service to the District. Only the incremental costs of undergrounding of wire in public right‐of‐way and on District land will be funded with bond procee
Estimates based on Master Infrastructure to support development of 2002 lots.
Lot Summary Table provided on Exhibit 10 – Master Site Plan.
The District will pay the lesser of the actual cost of the improvements or fair market value.

VILLAMAR
MASTER SITE LAYOUT

EXHIBIT 10 VILLAMAR CDD MASTER SITE PLAN



WWWW WWWW WWWW WWWW

0

5cale: 1" = 300'



                   
































               
               

               

               

               

               













































            











                





             

              








LOT SUMMARY - CDD PHASES 1 - 7


























              



              

              

             

               






               





               











PHASE 1	(50' x 110') =	322


































             







             

               

              




               

              























 



 

 




             



*(PH 1 & 2)

(70' x 200') =	12	(LAKEFRONT)
Total	334

  

                  

   

     

	




















              



              






PHASE 2	(50' X 110') =	97
*(PH 3)	(40' x 115') =	184
Total	281



                    	         



	

PHASE 3	(50' x 110') =	93

                                                                                                                                                                                          	


*(PH 4)	(40' x 110') =	21

        

   

(50' x 120') =	26
Total	140

(W) (W) (W) (W) (W)

(FM)

PHASE 4	(50' x 110') =	62

(W) (W) (W)  (W) (W)

*(PH 5)	(40' x 110') =	138

PROPOSED CUNNINGHAM RD.

(FM)

Total	200

(W)

(FM)  (FM)  (FM)  (FM)

(FM)

(FM)

PHASE 5	(50' x 110') =	199 * 5 Corner Lots
*(PH 6)	(40' x 110') =	197
Total	396

*(PH 6D)	(50' x 110') =	16
(40' x 110') =	31
Total	47

* 5 Corner Lots

>  >  >  >

PHASE 6	(50' x 110') =	43 * 17 Corner Lots
*(PH 7)	(40' x 110') =	350

(W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W)

Total	393

S02+00	S03+00	S04+00	S0S+00

100+00.00

101+00

102+00

103+00	104+00

106+00	107+00

108+00	109+00  109+S0.00  110+00

110+00

111+64.29

PHASE 7	(50' x 110') =	149

RW	RW  RW  RW  RW

RW

RW

RW  RW  RW  RW  RW

114+00  113+42.32 113+00 112+S8.S4

(FM)(FM)  (FM)(FM)

RW

RW  RW  RW  RW  RW  RW

RW  RW	RW  RW  RW  RW

*(PH 8)	(40' x 110') =	62

>  >

12+00

(FM)(FM)

>	>  >  >  >  >  >  >  >

Total	211

>  >

RW	RW

RW  RW  RW  RW

RW  RW

RW  RW  RW  RW	RW

202+34.2S  203+00

204+00

206+00	207+00	208+00

210+00

210+S4.2S

DEVELOPED (OR IN PROGRESS)
(DEVELOPMENT PHASES)
PH 1	206
PH 2	128
PH 3	281
PH 4	140
PH 5	200
PH 6	396
(6A, 6B, 6C)
PH 6D	47
TOTAL	1,398

FUTURE (OR IN PERMITTING)
PH 7	393
PH 8	211
TOTAL	1,047

RW	RW

(FM)(FM)  (FM)(FM) (FM)(FM)

11S+86.S7
116+00

RW  RW

S01+00

RW  RW  RW

117+00	118+00  118+49.90

RW

(W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W)

30'

120+4S.1S

RW	PHASE 1- 7 TOTAL LOTS = 2,002

30'

D

(FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)

(FM)

(FM)

(FM)

>
(FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)

(FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)

(FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)

(FM)  (FM)

30'

30'

(FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)

(FM)

>  > RW >  > RW  RW

121+21.10

RW

> RW

>  > RW > RW >  RW

>

>

11S+31.02

(W)

116+00	117+00

117+62.17 118+00

118+63.21

RW

RW

8+00 8+08.17	9+00  9+S2.39 10+00.00

>   RW>  > RW  RW  RW

RW  RW  RW  RW  RW  RW

107+00

108+00

RW  RW

109+00	110+00	111+00

112+00

113+00 113+31.21

11S+48.29

119+00	120+00

121+00

122+00	123+00

123+S8.38 124+00

124+S8.S8

100+21.32

101+00

>  >  >

102+00 102+40.98

103+00	104+00	10S+00	106+00

>  >	>  >  >  >	>

>  >  >  >  >  >

>

RW  RW

30'

>  >  >  >	>

* DEVELOPMENT PHASE

>  >  >

<  <  <  <  <  <  <  <  <  <  <  <

RW	RW  RW  RW

601+87.67

422+00

417+00	418+00	419+00	420+00	421+00
416+87.80

423+00	424+00	42S+00	426+00
426+2S.18

RW  RW  RW  RW

(W) (W) (W) (W) (W)

(W) (W) (W) (W) (W) (W) (W) (W) (W)  (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W)  (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W)

(W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W)

(55)  (55)  (55)  (55)

(55)  (55)  (55)  (55)

(55)  (55)  (55)  (55)  (55)

(55)

(55)

(55)

(55)  (55)  (55)  (55)  (55)  (55)  (55)

TOTAL LOTS

>  >  >  >  >  >

<  <  <  <  <  <  <  <	<

6+62.16 7+00

RW
RW  RW  RW  RW  RW   RW

RW  RW  RW  RW  RW

RW  RW  RW  RW  RW  RW

609+00

40' LOTS =	983

(55)  (55)  (55)  (55)  (55)

(W) (W) (W) (W) (W) (W) (W) (W) (W)

50' LOTS =	1,007

<

RW  RW

(55)

RW  RW

607+00

RW  RW  RW

606+00

60S+00

(55)  (55)

(55)  (55)  (55)  (55)  (55)  (55)  (55)  (55)  (55)  (55)

(55)  (55)

604+81.92

70' LOTS =	12

(FM)(FM)

<  <

3+40.16  3+84.24 4+00

S+00 S+1S.40   6+00 (FM)  (FM)

<

<  <

(W)(W)

411+38.SS  412+00	413+00

RW  RW  RW  RW

RW

RW  RW  RW  RW

608+00

614+19.30
614+00

613+00

612+00

611+00

610+00

(FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)

(W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W)W (W)(W)W (W)(W) (W)(W)W (W)(W)W ((W)(W)W (W)(W)W (W)(W)W (W(W)(W) ((W)(W)W) (W)(W)W (W(W)(W) ((W)(W)W) (W)(W)(W)

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(W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W)

(W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W)

(FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM) (FM)(FM) (FM)(FM)

PHASE LINE

(FM)(FM)

(FM)(FM)  (FM)(FM)  (FM)(FM) (FM)(FM)

(FM)(FM)  (FM)(FM)

(FM)(FM)  (FM)(FM)  (FM)(FM) (FM)(FM)

(FM)(FM)

(FM)(FM)  (FM)(FM)  (FM)(FM) (FM)(FM)

(FM)(FM)  (FM)(FM)  (FM)(FM) (FM)(FM)

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(FM)(FM) (FM)(FM) (FM)(FM)

(FM)(FM) (FM)(FM)  (FM)(FM) (FM)(FM)

(FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)

REV. 10-18-23

Exhibit B
Supplemental Assessment Methodology Report

7

AMDENDMENT TO THE
AMENDED AND RESTATED MASTER ASSESSMENT METHODOLOGY (PHASES 5, 6, 7A, 7B AND 8)

FOR

VILLAMAR

COMMUNITY DEVELOPMENT DISTRICT

Date: January 3, 2023

Prepared by

Governmental Management Services – Central Florida, LLC 219 E. Livingston St.
Orlando, FL 32801

Table of Contents

1.0 Introduction	3
Purpose	3
Background	5
Special Benefits and General Benefits	5
Requirements of a Valid Assessment Methodology	6
Special Benefits Exceed the Costs Allocated	6
2.0 Assessment Methodology	6
Overview	6
Allocation of Debt	7
Allocation of Benefit	8
Lienability Test: Special and Peculiar Benefit to the Property	8
Lienability Test: Reasonable and Fair Apportionment of the Duty to Pay Non-Ad Valorem Assessments	8
True-Up Mechanism	9
Assessment Roll	10
Appendix	11
Table 1: Development Program	12
Table 2: Capital Improvement Cost Estimates	13
Table 3: Bond Sizing	14
Table 4: Allocation of Improvement Costs	15
Table 5: Allocation of Total Par Debt to Each Product Type	16
Table 6: Par Debt and Annual Assessments	17
Table 7: Preliminary Assessment Roll	18
GMS-CF, LLC does not represent the Villamar Community
Development District as a Municipal Advisor or Securities Broker nor is GMS-CF, LLC registered to provide such services as described in Section 15B of the
Securities and Exchange Act of 1934, as amended. Similarly, GMS-CF, LLC does not provide the Villamar Community Development District with financial
advisory services or offer investment advice in any form.

1.0	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 $77,615,000 of tax exempt bonds in one or more series (the “Bonds”) for the purpose of financing certain infrastructure improvements (“Capital Improvement Plan” or “CIP”) within the District, $56,600,000 of which is anticipated to finance the portion of the CIP within Phases 5, 6, 7A, 7B & 8, as more specifically described in the Amended and Restated Master Engineer’s Report dated December 15, 2022 prepared by Wood & Associates Engineering, LLC, as may be amended and supplemented from time 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 owners within Phases 5, 6, 7A, 7B & 8 within the District.

Purpose

The Board of Supervisors (“Board”) of the District previously approved the Amended and Restated Master Assessment Methodology, dated July 20, 2021 that amended and restated the original Master Assessment Methodology dated December 5, 2018 (the “Master Report”) (collectively the “Amended Master Report”). The Amended Master Report established an assessment methodology the District followed to allocate debt assessments to properties within the District benefitting from the District’s CIP. Such debt assessments secure repayment of the Bonds.

The District has from time to time supplemented the Master Report and the Amended Master Report in connection with the issuance of particular series of Bonds. The District previously adopted as a supplement to the Master Report, at the time of the issuance of the District’s $7,180,000 Capital Improvement Revenue Bonds, Series 2019 (“Series 2019 Bonds”), Supplemental Assessment Methodology For Phase One report dated June 12, 2019 (“Series 2019 Supplemental Report”). The Series 2019 Supplemental Report applied the methodology to the details of the Series 2019 Bonds to allocate debt assessments (“Series 2019 Assessments”) to benefited properties within Phase One of the District to secure the repayment of the Series 2019 Bonds.
The District previously adopted as a supplement to the Master Report, at the time of the issuance of the District’s $6,500,000 Capital Improvement Revenue Bonds, Series 2020 (“Series 2020 Bonds”), Supplemental Assessment Methodology (Series 2020 Assessment Area) report dated November 12, 2020 (“Series 2020 Supplemental Report”). The Series 2020 Supplemental Report applied the methodology to the details of the Series 2020 Bonds to allocate debt assessments (“Series 2020 Assessments”) to benefitted properties within the Series 2020 Assessment Area of the District to secure the repayment of the Series 2020 Bonds. The District previously adopted as a

supplement to the Amended Master Report, at the time of the issuance of the District’s
$7,335,000 Capital Improvement Revenue Bonds, Series 2022 (“Series 2022 Bonds”), Supplemental Assessment Methodology (Series 2022 Assessment Areas) report dated February 28, 2022 (“Series 2022 Supplemental Report”). The Series 2022 Supplemental Report applied the methodology to the details of the Series 2022 Bonds to allocate debt assessments (“Series 2022 Assessments”) to benefitted properties within the Series 2022 Assessment Areas within the District to secure the repayment of the Series 2022 Bonds.
The methodology established by the Amended Master Report allocated debt assessments to planned future units of residential product types. Since adoption of the Amended Master Report, the District’s boundary has been expanded to add new parcels within the District, and the phase designations in the development plan have been amended. Specifically, the revised development plan adds additional lands to Phase 5, redesignates former Phase 6 as Phase 8, and incorporates new lands now designated as Phase 6, 7A, and 7B.
This Amendment to the Amended and Restated Master Assessment Report amends the Amended Report (collectively, the “Assessment Report”) and provides for an updated assessment methodology that reflects changes in the future development plan for Phases 5, 6, 7A, 7B, and 8. The revised development plan does not alter Phases 1 through 4.
This Assessment Report continues to allocate the debt to properties based on the special benefits each receives from the Capital Improvement Plan. This Assessment Report will be supplemented with one or more supplemental methodology reports to reflect the actual terms and conditions at the time of the issuance of each series of Bonds issued to finance all or a portion of the Capital Improvement Plan. It is anticipated that the District will issue multiple series of Bonds to fund all or a portion of the Capital Improvement Plan. This Assessment Report is designed to conform to the requirements of Chapters 190 and 170, Florida Statutes with respect to special assessments and is consistent with our understanding of case law on this subject.
The District intends to impose non ad valorem special assessments (“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 legal means available to the District. It is not the intent of this Assessment Report to address any other assessments, if applicable, that may be levied by the District, a homeowner’s association, or any other unit of government.
Background

The District currently includes approximately 583.79 acres in the City of Winter Haven within Polk County, Florida. The development program for the District currently envisions approximately 1,996 residential units. The proposed development program

for the Phases 5, 6, 7A, 7B & 8 is depicted in Table 1. It is recognized that such development plan may change, and this Assessment Report will be modified or supplemented accordingly.

The Capital Improvements contemplated by the District in the Capital Improvement Plan will provide facilities that benefit certain property within the District. Specifically, the District will construct and/or acquire certain offsite improvements, stormwater management facilities, utility facilities, roadways, entry features, and park and amenity features. The acquisition and construction costs are summarized in Table 2.

The assessment methodology is a four-step process.

The District Engineer must first determine the public infrastructure improvements that may be provided by the District and the costs to implement the Capital Improvements.
The District Engineer 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 Improvements.
This amount is initially divided equally among the benefited properties on a prorated assessable acreage basis. Ultimately, as land is platted, this amount will be assigned to each of the benefited properties based on the number and type of platted units.

Special Benefits and General Benefits

Capital 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 implementation of the Capital Improvement Plan enables properties within the boundaries of the District to be developed. Without the District’s Capital Improvement Plan, there would be no infrastructure to support development of land within the District. Without these improvements, development of the property within the District would be prohibited by law.

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 is designed solely to meet the needs of property within the District. Properties outside of the District boundaries do not depend upon the District’s Capital 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.
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
$67,520,000. This Amendment focuses on the recently expanded and amended Phases of the District which include Phases 5, 6, 7A, 7B & 8. The improvement costs for Phases 5, 6, 7A, 7B & 8 total $40,958,500. The District’s Underwriter projects that financing costs required to fund the entire Capital Improvement Plan for all phases, the cost of issuance of the Bonds, the funding of a debt service reserve account and capitalized interest, will be approximately $77,615,000. The District’s Underwriter projects that financing costs required to fund Phases 5, 6, 7A, 7B & 8 of the Capital Improvement Plan, the cost of issuance of the Bonds, the funding of a debt service reserve account and capitalized interest, will be approximately $56,600,000. Without the Capital Improvement Plan, the property within the District would not be able to be developed and occupied by future residents of the community.

2.0	Assessment Methodology

Overview

The District anticipates issuing approximately $56,600,000 in Bonds in one or more series to fund a portion of the Capital Improvement Plan for Phases 5, 6, 7A, 7B & 8, 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 $56,600,000 in debt

to the properties within the District benefiting from the Capital Improvement Plan for Phases 5, 6, 7A, 7B & 8. This report will be supplemented to reflect actual bond terms.

Table 1 identifies the land uses and lot sizes for Phases 5, 6, 7A, 7B & 8 in the development as identified by the Developer 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 for Phases 5, 6, 7A, 7B & 8, which these construction costs are outlined in Table 2. The Capital Improvements needed to support the development of Phases 5, 6, 7A, 7B & 8 are described in detail in the Engineer’s Report and are estimated to cost $40,958,500. Based on the estimated costs, the size of the Bond issue under current market conditions needed to generate funds to pay for the Capital Improvements and related costs for Phases 5, 6, 7A, 7B & 8 was determined by the District’s Underwriter to total approximately $56,600,000. 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 all acres within the District.

The initial assessments will be levied on an equal per acre basis on all benefitting land within the District. A fair and reasonable methodology allocates the debt incurred by the District proportionately to the properties receiving the special benefits. At this point all of the lands within the District are benefiting from the 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 Assessments will be levied to the Assigned Properties based on the benefits they receive, on a first platted, first assigned basis. The “Unassigned Properties” defined as property that has not been platted or subjected to a declaration of condominium, will continue to be assessed on a per acre basis. Eventually the development plan will be completed and the debt relating to the Bonds will be allocated to the 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 herein, this Assessment Report will be supplemented from time to time. The debt assessments for platted property securing the Series 2019 Bonds, Series 2020 Bonds and Series 2022 Bonds have been assigned based upon their respective Supplemental Assessment Reports adopted and no additional bond debt is

anticipated to be issued that would increase the actual par debt assessments and annual debt assessments for these properties.

Allocation of Benefit

The Capital Improvement Plan consists of offsite improvements, stormwater management facilities, utility facilities, roadways, entry features, and park and amenity features and professional fees along with related incidental costs. There are three product types within the planned development. The Single Family 50’ home has 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. It 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 Improvements will provide several types of systems, facilities and services for its residents. These include offsite improvements, stormwater management facilities, utility facilities, roadways, entry features, and park and amenity features. The benefit from the Capital 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 actually provided.

For the provision of the Capital Improvement Plan, the special and peculiar benefits are:
the added use of the property,
added enjoyment of the property, and
the 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 public 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 determination has been made that the duty to pay the non-ad valorem special assessments is fairly and reasonably apportioned because the special and peculiar benefits to the property derived from the acquisition and/or construction of Capital Improvement Plan have been apportioned to the property within the District according to reasonable estimates of the special and peculiar benefits provided consistent with the 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 allocation suggested for the product types in Table 4, a total debt per unit and an annual assessment per unit have been calculated for each product type (Table 6). These amounts represent the preliminary anticipated per unit debt allocation assuming all anticipated assigned properties are built and sold as planned, and the entire proposed Capital Improvement Plan is constructed.

True Up Mechanism

Although the District does not process plats, declaration of condominiums, site 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, taking 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 than the required amount then a debt reduction or true-up payment by the landowner in the amount necessary to reduce the par amount of the outstanding Bonds plus accrued interest to a level that will be supported by the new net annual debt service assessments will be required.

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

Assessment Roll

When a series of Bonds is issued, the District will initially distribute the Special Assessments across the property within Phases 5, 6, 7A, 7B & 8 within the District boundaries on a gross acreage basis. As Assigned Properties become known with certainty, the District will refine its allocation of debt from a per acre basis to a per unit basis as shown in Table 6. If the land use plan or product type changes, then the District will 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 in the District prior to the time final Assigned Properties become known. The current assessment roll for Phases 5, 6, 7A, 7B & 8 is attached as Table 7.

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT DEVELOPMENT PROGRAM FOR PHASES 5, 6, 7A, 7B & 8
AMENDMENT TO THE AMENDED AND RESTATED MASTER ASSESSMENT METHODOLOGY

Total Assessible ERUs per
Land Use	Phase 5	Phase 6	Phase 7A	Phase 7B	Phase 8	Units*	Unit (1)	Total ERUs	
Single Family - 40'	202	34	232	59	130	657	0.80	526	
Single Family - 50'	194	11	72	13	94	384	1.00	384	
Total Units	396	45	304	72	224	1,041	910	

Benefit is allocated on an ERU basis; based on density of planned development, with a Single Family Unit = 1 ERU

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

Prepared by: Governmental Management Services - Central Florida, LLC

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT
CAPITAL IMPROVEMENT PLAN COST ESTIMATES FOR PHASES 5, 6, 7A, 7B & 8 AMENDMENT TO THE AMENDED AND RESTATED MASTER ASSESSMENT METHODOLOGY

Capital Improvement Plan ("CIP") (1)(2)	Total Cost Estimate	
Offsite Improvements	$	1,665,000	
Stormwater Management	$	10,941,000	
Utilities (Water, Sewer, Reclaimed & Street Lighting)	$	14,067,000	
Roadways	$	6,252,000	
Entry Feature, Signage, Landscape & Irrigation	$	1,910,000	
Parks and Recreation Facilities	$	2,400,000	
Contingency	$	3,723,500	
	$	40,958,500	

(1) A detailed description of these improvements is provided in the		
Engineer's Report dated December 15, 2022		

The illustrated improvements are specific to Phases 5, 6, 7A, 7B & 8 of the Capital Improvement Plan for the entire District, which this Amendment to the Amended
& Restated Master Assessment Methodology is based.

Prepared by: Governmental Management Services - Central Florida, LLC

Description	Total

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

$	40,958,500
$	3,686,265
$	9,622,000
$	1,132,000
$	1,200,000
$	1,235

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT BOND SIZING FOR PHASES 5, 6, 7A, 7B & 8
AMENDMENT TO THE AMENDED AND RESTATED MASTER ASSESSMENT METHODOLOGY

Par Amount*	$	56,600,000

Interest Rate Amortization Capitalized Interest Debt Service Reserve Underwriters Discount

8.50%
30 years
24 months Max Annual
2%

Bond Assumptions:

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

Prepared by: Governmental Management Services - Central Florida, LLC

Land Use	No. of Units * ERU Factor Total ERUs

% of Total ERUs

Total Improvements Costs Per Product Type

Improvement Costs Per Unit

Single Family - 40'	657	0.80	526	57.78%	$	23,667,313	$	36,023	
Single Family - 50'	384	1.00	384	42.22%	$	17,291,187	$	45,029	
Totals	1,041		910	100.00%	$	40,958,500		

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT
ALLOCATION OF IMPROVEMENT COSTS FOR PHASES 5, 6, 7A, 7B & 8
AMENDMENT TO THE AMENDED AND RESTATED MASTER ASSESSMENT METHODOLOGY

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

Prepared by: Governmental Management Services - Central Florida, LLC

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT
ALLOCATION OF TOTAL PAR DEBT TO EACH PRODUCT TYPE FOR PHASES 5, 6, 7A, 7B & 8 AMENDMENT TO THE AMENDED AND RESTATED MASTER ASSESSMENT METHODOLOGY

Land Use	

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

Par Debt Per Unit	
Single Family - 40'	657	$	23,667,313	$	32,705,541	$	49,780	
Single Family - 50'	384	$	17,291,187	$	23,894,459	$	62,225	
Totals	1,041	$	40,958,500	$	56,600,000		

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

Prepared by: Governmental Management Services - Central Florida, LLC

Allocation of Par

Maximum

Net Annual Debt

Gross Annual Debt

Land Use	
No. of Units *	Debt Per Product
Type	Total Par Debt	Annual Debt	Assessment
Per Unit	Service	Per Unit	Assessment
Per Unit (1)	
Single Family - 40'	657	$	32,705,541	$	49,780	$	2,130,058	$	3,242	$	3,486	
Single Family - 50'	384	$	23,894,459	$	62,225	$	1,556,207	$	4,053	$	4,358	
Totals	1,041	$	56,600,000	$	3,686,265		

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT
PAR DEBT AND ANNUAL ASSESSMENTS FOR EACH PRODUCT TYPE FOR PHASES 5, 6, 7A, 7B & 8 AMENDMENT TO THE AMENDED AND RESTATED MASTER ASSESSMENT METHODOLOGY

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

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

Prepared by: Governmental Management Services - Central Florida, LLC

TABLE 7
VILLAMAR COMMUNITY DEVELOPMENT DISTRICT PRELIMINARY ASSESSMENT ROLL FOR PHASES 5, 6, 7A, 7B & 8
AMENDMENT TO THE AMENDED AND RESTATED MASTER ASSESSMENT METHODOLOGY

Total Par Debt Allocation Per

Total Par Debt

Net Annual Debt Assessment

Gross Annual Debt Assessment

Owner	Property ID #'s*	Acres	Acre	Allocated	Allocation	Allocation (1)	
VMAR DEV LLC	26-29-14-000000-043010	42.830	$	170,043	$	7,282,941	$	474,326	$	510,028	
VMAR DEV LLC	26-29-15-000000-022020	28.110	$	170,043	$	4,779,908	$	311,308	$	334,739	
VILLA MAR FG LLC	26-29-14-000000-031020	0.080	$	170,043	$	13,603	$	886	$	953	
CUNNINGHAM INVESTORS LLC	26-29-22-000000-011010	2.930	$	170,043	$	498,226	$	32,449	$	34,891	
CUNNINGHAM INVESTORS LLC	26-29-15-000000-022010	10.980	$	170,043	$	1,867,072	$	121,599	$	130,752	
CUNNINGHAM INVESTORS LLC	26-29-22-000000-013020	21.320	$	170,043	$	3,625,317	$	236,111	$	253,883	
CUNNINGHAM INVESTORS LLC	26-29-15-0000000-12030	97.770	$	170,043	$	16,625,103	$	1,082,766	$	1,164,264	
CUNNINGHAM INVESTORS LLC	26-29-14-000000-031050	128.837	$	170,043	$	21,907,829	$	1,426,821	$	1,534,216	
Totals		332.857		$	56,600,000	$	3,686,265	$	3,963,726	

(1) This amount includes 7% to cover collection fees and early payment discounts when collected utilizing the uniform method.

Annual Assessment Periods	30	
Projected Bond Rate (%)	8.50%	
Maximum Annual Debt Service	$3,686,265	

* - See Metes and Bounds, attached as Exhibit A		

Prepared by: Governmental Management Services - Central Florida, LLC

VILLAMAR CDD
LEGAL DESCRIPTION OF CDD PHASES 5, 6, 7A, 7B, AND 8

A PARCEL OF LAND BEING A PORTION OF SECTIONS 14, 15, AND 22, TOWNSHIP 29 SOUTH, RANGE 26 EAST, POLK COUNTY, FLORIDA, BEING DESCRIBED AS FOLLOWS:
NOTE: BEARINGS ARE BASED ON THE FLORIDA STATE PLANE COORDINATE SYSTEM, NORTH AMERICAN DATUM OF 1983, (NAD 83), ADJUSTMENT OF 1990, WEST ZONE OF THE EAST LINE OF THE SOUTHEAST ¼ OF THE SOUTHEAST ¼ OF SAID SECTION 15, AS BEING N-00°22'25'-W.
BEGIN AT THE NORTHWEST CORNER OF “VILLAMAR PHASE 3”, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 186, PAGES 41 TO 47 (INCLUSIVE), PUBLIC RECORDS OF POLK COUNTY, FLORIDA, SAID POINT ALSO BEING THE SOUTHWEST CORNER OF “VILLAMAR PHASE FOUR”, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 190 PAGES 16 TO 21 (INCLUSIVE), PUBLIC RECORDS OF POLK COUNTY, FLORIDA, SAID POINT IS ALSO THE SOUTHEAST CORNER OF THE NORTHWEST ¼ OF THE NORTHEAST ¼ OF SAID SECTION 22; THENCE ALONG THE SOUTH LINE OF SAID NORTHWEST ¼ OF THE NORTHEAST ¼, N-89°41'20”-W,
104.65 FEET TO A POINT ON THE NORTHEASTERLY LINE OF THE CSX TRANSPORTATION RAILROAD RIGHT-OF-WAY (100.00 FEET WIDE) ACCORDING TO THE MAP RECORDED IN MAP V5 FLA L-27-17, PUBLIC RECORDS OF POLK COUNTY, FLORIDA; THENCE ALONG SAID NORTHEASTERLY RAILROAD RIGHT-OF-WAY, ALSO BEING THE SOUTHWESTERLY LINE OF THE LANDS AS DESCRIBED IN OFFICIAL RECORDS BOOK 9855, PAGE 845, PUBLIC RECORDS OF POLK COUNTY, FLORIDA, AND THEN ALONG THE SOUTHWESTERLY LINE OF THE LANDS AS DESCRIBED IN OFFICIAL RECORDS BOOK 6376, PAGE 1480, PUBLIC RECORDS OF POLK COUNTY, FLORIDA, N-37°02'20”-W, 2079.03 FEET TO THE WEST LINE OF SAID LAND AS DESCRIBED IN OFFICIAL RECORDS OF POLK COUNTY, FLORIDA, N-37°02'20”-W, 2079.03 FEET TO THE WEST LINE OF SAID LAND AS DESCRIBED IN SAID OFFICIAL RECORDS BOOK 6376, PAGE 1480; THENCE ALONG SAID WEST LINE N-00°41'26”-W, 1002.84 FEET TO THE NORTHWEST CORNER OF THE SOUTHWEST ¼ OF THE SOUTHEAST ¼ OF SAID SECTION 15; THENCE ALONG THE NORTH LINE OF SAID LANDS AS DESCRIBED IN SAID OFFICIAL RECORDS BOOK 6376, PAGE 1480, S-89°30'27”-E, 1266.00 FEET TO THE SOUTHWEST CORNER OF THE LANDS AS DESCRIBED IN OFFICIAL RECORDS BOOK 5664, PAGE 367, PUBLIC RECORDS OF POLK COUNTY, FLORIDA; THENCE ALONG THE WEST LINE OF SAID LANDS AS DESCRIBED IN OFFICIAL RECORDS BOOK 5664, PAGE 367, THE FOLLOWING THREE (3) COURSES: 1) N-00°26'46”-E, 535.71 FEET; THENCE 2) S-89°58'17”-W, 5.10 FEET; THENCE 3) N-00°10'40”-W, 1194.42 FEET TO THE NORTHWEST CORNER OF SAID LANDS AS DESCRIBED IN OFFICIAL RECORDS BOOK 5664, PAGE 367; THENCE ALONG THE NORTH LINE THEREOF, S-89°30'27”-E, 1412.77 FEET TO THE NORTHEAST CORNER THEREOF, SAID POINT ALSO LIES ON THE WEST LINE OF THE LANDS AS DESCRIBED IN OFFICIAL RECORDS BOOK 6376, PAGE 1480, PUBLIC RECORDS OF POLK COUNTY, FLORIDA; THENCE ALONG SAID WEST LINE, N-00°22'39'-W, 454.56 FEET TO THE NORTHWEST CORNER OF SAID LANDS AS DESCRIBED IN SAID OFFICIAL RECORDS BOOK 6376, PAGE 1480; THENCE ALONG THE NORTH LINE THEREOF, N-89°33'17”-E, 259.22 FEET TO THE NORTHEAST CORNER THEREOF; THENCE N-89°33'17”-E, 1266.31 FEET; THENCE N-43°52'13”-E, 579.06 FEET; THENCE ALONG THE NORTHWESTERLY PROJECTION OF THE SOUTHERLY LINE OF THE “TOWER PARCEL” AS DESCRIBED IN OFFICIAL RECORDS BOOK 12092, PAGE 2088, PUBLIC RECORDS OF POLK COUNTY, FLORIDA, S-46°12'15”-E,
197.00 FEET TO THE SOUTHWEST CORNER OF SAID “TOWER PARCEL”; THENCE ALONG THE SOUTHERLY LINE OF
SAID “TOWER PARCEL”, AND CONTINUING S-46°12'15”-E, 60.00 FEET TO THE SOUTHEAST CORNER OF SAID “TOWER PARCEL”; THENCE ALONG THE SOUTHEASTERLY PROJECTION OF SAID “TOWER PARCEL”, AND CONTINUING S-46°12'15”-E, 70.71 FEET TO A POINT THAT LIES 490.35 FEET SOUTHWESTERLY OF THE SOUTHWESTERLY RIGHT-OF-WAY OF ELOISE LOOP ROAD (COUNTY ROAD 540-A, STATE ROAD 540-A); THENCE N-50°31'13”-E, 490.35 FEET TO SAID SOUTHWESTERLY RIGHT-OF-WAY; THENCE ALONG SAID SOUTHWESTERLY RIGHT-OF-WAY, S-38°52'08”-E, 188.19 FEET TO A POINT ON THE EAST LINE OF THE SOUTHEAST ¼ OF THE NORTHWEST ¼ OF SAID SECTION 14; THENCE ALONG SAID EAST LINE, AND THEN ALONG THE EAST LINE OF THE NORTHEAST ¼ OF THE SOUTHWEST ¼ OF SAID SECTION 14, S-00°05'44”-E, 2530.38 FEET TO A POINT ON THE NORTH LINE OF “TERRANOVA PHASE III” ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 124, PAGES 23 TO 27 (INCLUSIVE), PUBLIC RECORDS OF POLK COUNTY, FLORIDA; THENCE ALONG SAID NORTH LINE, S-89°34'39”-W, 1324.55 FEET TO THE NORTHWEST CORNER OF SAID “TERRANOVA PHASE III”, ALSO BEING THE

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VILLAMAR CDD
LEGAL DESCRIPTON OF CDD PHASES 5, 6, 7A, 7B & 8

PAGE 1 OF 3

NORTHWEST CORNER OF THE SOUTHEAST ¼ OF THE SOUTHWEST ¼ OF SAID SECTION 14 ACCORDING TO THE RECORDED PLAT OF SAID “TERRANOVA PHASE III”, THENCE ALONG THE WEST LINE OF SAID “TERRANOVA PHASE III”, S-00°11'49”-E, 0.44 FEET TO A POINT ON THE SOUTH LINE OF THE NORTHWEST ¼ OF THE SOUTHEAST ¼ OF SAID SECTION 14; THENCE CONTINUE ALONG THE WEST LINE OF SAID “TERRANOVA PHASE III,” THEN ALONG THE WEST LINE OF “TERRANOVA PHASE IV”, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 130, PAGES 6 AND 7, PUBLIC RECORDS OF POLK COUNTY, FLORIDA, CONTINUING S-00°11'49”-E, 1253.14 FEET TO THE NORTHEAST CORNER OF “VILLAMAR PHASE 5” ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 194, PAGES, 46 TO 51 (INCLUSIVE), PUBLIC RECORDS OF POLK COUNTY, FLORIDA; THENCE DEPARTING THE WEST LINE OF SAID “TERRANOVA PHASE IV”, AND ALONG THE NORTH LINE OF SAID “VILLAMAR PHASE 5” THE FOLLOWING THIRTY TWO (32) COURSES: 1) S-89°38'59”-W,
124.61 FEET; THENCE 2) S-00°21'01”-E, 14.75 FEET; THENCE 3) S-89°38'59”-W, 410.00 FEET;
THENCE 4) N-00°21'01”-W, 400.00 FEET; THENCE 5) S-89°38'59”-W, 110.00 FEET; THENCE 6)
N-00°21'01”-W, 33.00 FEET; THENCE 7) S-89°38'59”-W, 40.00 FEET; THENCE 8) S-00°21'01”-E, 5.00 FEET TO A POINT OF CURVE CONCAVE WESTERLY; THENCE 9) SOUTHWESTERLY ALONG SAID CURVE HAVING A RADIUS OF 20.00 FEET, A CENTRAL ANGLE/DELTA OF 90°00'00”, A CHORD BEARING OF S-44°38'59”-W, A CHORD DISTANCE OF 28.28 FEET, FOR AN ARC LENGTH OF 31.42 FEET; THENCE 10) S-89°38'59”-W, 245.32 FEET TO A POINT OF CURVE CONCAVE NORTHERLY; THENCE 11) THENCE NORTHWESTERLY ALONG SAID CURVE HAVING A RADIUS OF 25.00 FEET, A CENTRAL ANGLE/DELTA OF 89°58'53”, A CHORD BEARING OF N-45°21'01”-W, A CHORD DISTANCE OF 35.36 FEET, FOR AN ARC LENGTH OF 39.27 FEET; THENCE 12) S-89°40'45”-W, 80.00 FEET TO A POINT OF CURVE CONCAVE WESTERLY; THENCE 13) SOUTHWESTERLY ALONG SAID CURVE HAVING A RADIUS OF 25.00 FEET, A CENTRAL ANGLE/DELTA OF 90°00'43”, A CHORD BEARING OF S-44°33'21”-W, A CHORD DISTANCE OF 35.36 FEET, FOR AN ARC LENGTH OF 39.27 FEET; THENCE
14) S-89°38'59”-W, 80.04 FEET TO A POINT OF CURVE CONCAVE NORTHERLY; THENCE 15) NORTHWESTERLY ALONG SAID CURVE HAVING A RADIUS OF 25.00 FEET, A CENTRAL ANGLE/DELTA OF 89°59'21”, A CHORD BEARING OF N-45°21'01”-W, A CHORD DISTANCE OF 35.36 FEET, FOR AN ARC LENGTH OF 39.27 FEET; THENCE 16) N-00°21'01”-W, 1.32 FEET; THENCE 17) S-89°38'59”-W,
40.00 FEET; THENCE 18) S-00°21'01”-E, 474.33 FEET; THENCE 19) S-89°38'59”-W, 110.00 FEET;
THENCE 20) S-00°21'01”-E, 240.00 FEET; THENCE 21) S-89°38'59”-W, 150.00 FEET; THENCE 22) N-00°21'01”-W, 115.84 FEET; THENCE 23) ALONG A RADIAL LINE, N-46°49'06”-E, 29.09 FEET TO A POINT ON A CURVE CONCAVE NORTHEASTERLY; THENCE 24) THENCE NORTHWESTERLY ALONG SAID CURVE HAVING A RADIUS OF 80.00 FEET, A CENTRAL ANGLE/DELTA OF 16°48'09”, A CHORD BEARING OF N-34°46'49”-W, A CHORD DISTANCE OF 23.38 FEET, FOR AN ARC LENGTH OF 23.46 FEET; THENCE 25) ALONG A NON-RADIAL LINE, S-89°38'59”-W, 228.79 FEET TO A POINT ON A CURVE CONCAVE NORTHWESTERLY; THENCE 26) SOUTHWESTERLY ALONG SAID CURVE HAVING A RADIUS OF 150.00 FEET, A CENTRAL ANGLE/DELTA OF 26°55'17”, A CHORD BEARING OF S-18°33'40”-W, A CHORD DISTANCE OF 69.83 FEET, FOR AN ARC LENGTH OF 70.48 FEET TO A POINT OF REVERSE CURVE CONCAVE SOUTHEASTERLY; THENCE 27) SOUTHWESTERLY ALONG SAID CURVE HAVING A RADIUS OF 150.00 FEET, A CENTRAL ANGLE/DELTA OF 32°22'19”, A CHORD BEARING OF S-15°50'09”-W, A CHORD DISTANCE OF 83.63 FEET, FOR AN ARC LENGTH OF 84.75 FEET; THENCE 28) ALONG A RADIAL LINE S-89°38'59”-W, 40.00 FEET TO A POINT OF CURVE CONCAVE EASTERLY; THENCE 29) NORTHERLY ALONG SAID CURVE HAVING A RADIUS OF 190.00 FEET, A CENTRAL ANGLE/DELTA OF 00°26'49”, A CHORD BEARING OF N-00°07'37”-W, A CHORD DISTANCE OF 1.48 FEET, FOR AN ARC LENGTH OF 1.48 FEET; THENCE 30) ALONG A NON-RADIAL LINE, S-89°38'59”-W,

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VILLAMAR CDD
LEGAL DESCRIPTON OF CDD PHASES 5, 6, 7A, 7B & 8
PAGE 2 OF 3

110.01 FEET; THENCE 31) N-00°00'57”-E, 49.58 FEET; THENCE 32) S-89°57'50”-W, 758.38 FEET TO THE NORTHWEST CORNER OF SAID “VILLAMAR PHASE 5”; THENCE DEPARTING SAID NORTH LINE OF SAID “VILLAMAR PHASE 5” AND ALONG THE WEST LINE OF SAID “VILLAMAR PHASE 5”, ALSO BEING THE EAST LINE OF THE NORTHWEST ¼ OF THE NORTHEAST ¼ OF SAID SECTION 22, S-00°36'31”-E, 733.74 FEET TO THE SOUTHWEST CORNER OF SAID “VILLAMAR PHASE 5”, ALSO BEING THE NORTHWEST CORNER OF “VILLAMAR PHASE FOUR”; ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 190, PAGES 16 TO 21 (INCLUSIVE), PUBLIC RECORDS OF POLK COUNTY, FLORIDA; THENCE DEPARTING SAID WEST LINE OF “VILLAMAR PHASE 5”, AND ALONG THE WEST LINE OF SAID “VILLAMAR PHASE 4”, ALSO BEING SAID EAST LINE OF THE NORTHWEST ¼ OF THE NORTHEAST ¼ OF SAID SECTION 22, CONTINUE S-00°36'31”-E, 417.58 FEET TO THE POINT OF BEGINNING.

CONTAINING: 332.857 ACRES, MORE OR LESS.

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OFFICE: (863) 940-2040	FAX: (863) 940-2044	CELL: (863) 662-0018 EMAIL: INFO@WOODCIVIL.COM

VILLAMAR CDD
LEGAL DESCRIPTON OF CDD PHASES 5, 6, 7A, 7B & 8
PAGE 3 OF 3

SUPPLEMENTAL ASSESSMENT METHODOLOGY FOR ASSESSMENT AREA SIX

FOR VILLAMAR
COMMUNITY DEVELOPMENT DISTRICT

Date: January 25, 2024

Prepared by

Governmental Management Services – Central Florida, LLC 219 E. Livingston Street
Orlando, FL 32801

Table of Contents

1.0 Introduction	3
Purpose	3
Background	3
Special Benefits and General Benefits	4
Requirements of a Valid Assessment Methodology	5
Special Benefits Exceed the Costs Allocated	5
2.0 Assessment Methodology	6
Overview	6
Allocation of Debt	6
Allocation of Benefit	7
Lienability Test: Special and Peculiar Benefit to the Property	7
Lienability Test: Reasonable and Fair Apportionment of the Duty to Pay Non-Ad Valorem Assessments	8
True-Up Mechanism	9
Assessment Roll	9
Appendix	10
Table 1: Development Program	10
Table 2: Infrastructure Cost Estimates	11
Table 3: Bond Sizing	12
Table 4: Allocation of Benefit	13
Table 5: Allocation of Benefit/Total Par Debt to Each Product Type	14
Table 6: Par Debt and Annual Assessments	15
Table 7: Preliminary Assessment Roll	16
GMS-CF, LLC does not represent the Villamar Community Development District as a Municipal Advisor or Securities Broker nor is GMS-CF, LLC registered to provide such services as described in Section 15B of the Securities and Exchange Act of 1934, as amended. Similarly, GMS-CF, LLC does not provide the Villamar Community Development District with financial advisory services or offer investment advice in any form.

1.0	Introduction

The Villamar Community Development District is a local unit of special-purpose government organized and existing under Chapter 190, Florida Statutes (the “District”), as amended. The District will issue on February 14, 2024, $8,700,000 of tax exempt bonds (the “Assessment Area Six Bonds” or “Bonds”) for the purpose of financing certain infrastructure improvements (the “Assessment Area Six Project”) within the District described in the Supplemental Engineer’s Report for Assessment Area Six, dated December 5, 2023, prepared by Wood & Associates Engineering, LLC as may be amended and supplemented from time to time (the “Engineer’s Report”). The construction and/or acquisition of the Assessment Area Six Project will provide special benefit to the property owners within Assessment Area Six within the District.

Purpose

This Supplemental Assessment Methodology Report for Assessment Area Six supplements the Amendment to the Amended and Restated Master Assessment Methodology (Phases 5, 6, 7A, 7B, and 8) dated January 3, 2023 (together the “Assessment Report”) and provides for an assessment methodology for allocating the Assessment Area Six Bonds incurred by the District to benefiting properties within Assessment Area Six within the District. This Assessment Report allocates the Assessment Area Six Bonds to properties within Assessment Area Six based on the special benefits each receives from the District’s capital improvement plan (“CIP”). This 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 this subject.

The District has imposed non ad valorem special assessments on the benefited lands within Assessment Area Six 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 legal means of collection available to the District. It is not the intent of this Assessment Report to address any other assessments, if applicable, that may be levied by the District, a homeowner’s association, or any other unit of government.

Background

The District consists of approximately 583.79 acres in Polk County, Florida. Assessment Area Six, a designated area within the District, is currently planned to benefit 393 residential units. The proposed Assessment Area Six is depicted in

Table 1. It is recognized that such land use plan may change, and this Assessment Report will be modified accordingly.

The public improvements contemplated by the District in the CIP that will be funded with the net proceeds of the Assessment Area Six Bonds will provide facilities that benefit the assessable property within the District. The CIP is delineated in the Engineer’s Report. Specifically, the District may construct and/or acquire certain offsite improvements, stormwater management facilities, utility facilities, roadways, entry feature, signage, landscape & irrigation, parks and recreation facilities, and contingencies. Only a portion of the CIP constituting the Assessment Area Six Project will be funded with the proceeds of the Assessment Area Six Bonds. The acquisition and construction costs are summarized in Table 2.

The assessment methodology is a four-step process.

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

Special Benefits and General Benefits

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

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

There is no doubt that the general public and property owners outside of the District will benefit from the provision of the District’s CIP. However, these benefits will be incidental to the District’s portion of the CIP financed with a portion of the Assessment Area Six Bonds, which is designed solely to meet the needs of property within Assessment Area Six within the District. Properties outside the District boundaries and outside of Assessment Area Six within the District do not depend upon the District’s CIP. The property owners within Assessment Area Six within the District are therefore receiving special benefits not received by those outside the District’s boundaries and outside of Assessment Area Six within the District.

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 improvements being paid for.
The assessments must be fairly and reasonably allocated to the properties being assessed.

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

Special Benefits Exceed the Costs Allocated

The special benefits provided to the property owners within Assessment Area Six within the District are greater than the costs associated with providing these benefits. The District Engineer estimates that the portion of District’s CIP that is necessary to support full development of Assessment Area Six will cost approximately $15,002,951. The District’s Underwriter has determined that financing costs required to fund a portion of the infrastructure improvements for the Assessment Area Six Project, the cost of issuance of the Bonds, funding capitalized interest, and the funding of the debt service reserve account are
$8,700,000. Additionally, funding required to complete the CIP not funded with the proceeds of the Assessment Area Six Bonds is anticipated to be funded by VMAR DEV LLC (the “Developer”). Without the CIP, the property within District would not be able to be developed and occupied by future residents of the community.

2.0	Assessment Methodology

Overview

The District will issue on February 14, 2024, $8,700,000 in Assessment Area Six Bonds to fund a portion of the District’s CIP representing the Assessment Area Six Project, provide for a debt service reserve account, fund capitalized interest, and cost of issuance.  It is the purpose of this Assessment Report to allocate the
$8,700,000 in debt to the properties benefiting from the CIP.

Table 1 identifies the proposed land uses as identified by the Developer of the land the within District. The District has relied on the Engineer’s Report for the CIP needed to support the development; these estimated construction costs are outlined in Table 2. The improvements needed to support Assessment Area Six are described in detail in the Engineer’s Report and are estimated to cost
$15,002,951. Based on the estimated costs, the size of the bond issue under current market conditions needed to generate funds to pay for a portion of the CIP representing the Assessment Area Six Project and related costs was determined by the District’s Underwriter to total $8,700,000. Table 3 shows the breakdown of the bond sizing for the Assessment Area Six.

Allocation of Debt

Allocation of debt is a continuous process until the development plan is completed. The portion of the CIP funded by the Assessment Area Six Bonds benefits all developable acres within the District.

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

Once platting or the recording of declaration of condominium, (“Assigned Properties”) has begun, the assessments will be levied to the Assigned Properties based on the benefits they receive. The Unassigned Properties, defined as property that has not been platted, assigned development rights or subjected to a declaration of condominium, will continue to be assessed on a per acre basis (“Unassigned Properties”). Eventually the development plan will be completed and the debt relating to the Assessment Area Six Bonds will be allocated to the planned 393 residential units within Assessment Area Six within the District,

which are the beneficiaries of the CIP. The Assessment Area Six Project will fund a portion of the improvements outlined in the CIP anticipated to benefit the 393 lots within the development, as depicted in Table 5 and Table 6. If there are changes to the Development Plan, a true up of the assessments 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

In order for debt service assessment levels to be consistent with market conditions, developer contributions are recognized. This is reflected on Table 5. Based on the product type and number of units anticipated to absorb the Series 2023 Bond principal, the preliminary estimate is that the CDD will recognize a developer contribution equal to approximately $650,000, in eligible infrastructure.

In the event parcels are sold to third parties prior to platting, Assessment Area Six Special Assessments will be assigned to such parcels in accordance with their respective entitlements. The assignment of debt in this Assessment Report sets forth the process by which debt is apportioned. As mentioned herein, this Assessment Report may be supplemented from time to time.

Allocation of Benefit

The CIP consists of offsite improvements, stormwater management facilities, utility facilities, roadways, entry feature, signage, landscape & irrigation, parks and recreation facilities, and contingencies. There is one residential product type within Assessment Area Six. The Single-Family lot has been set as the base unit and has been assigned one equivalent residential unit (“ERU”) per lot. The CIP for the District is reflected in Table 2. There may be other improvements constructed, but not funded by the Assessment Area Six Bonds. Table 4 shows the allocation of benefit to the particular land uses. It is important to note that the benefit derived from the CIP on the particular units exceeds the cost that the units will be paying for such benefits.

Lienability Test: Special and Peculiar Benefit to the Property

Construction and/or acquisition by the District of the proposed Assessment Area Six Project will provide several types of systems, facilities and services for its residents. These include offsite improvements, stormwater management facilities, utility facilities, roadways, entry feature, signage, landscape & irrigation, parks and recreation facilities, and contingencies. These improvements accrue in differing amounts and are somewhat dependent on the type of land use receiving the special benefits peculiar to those properties, which flow from the logical relationship of the improvements to the properties.

For the provision of the Assessment Area Six Project relating to the Development, the special and peculiar benefits are:

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

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

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

A reasonable estimate of the proportion of special and peculiar benefits received from the public improvements described in the Engineer’s Report relating to the Development is delineated in Table 5 (expressed as Allocation of Par Debt per Product
Type). In lieu of having the District issue a greater amount of bonds, and in order to reduce assessment levels by product type, the Developer will be making a contribution of infrastructure in the approximate amount of $650,000, as delineated in Table 5.

The determination has been made that the duty to pay the non-ad valorem special assessments is fairly and reasonably apportioned because the special and peculiar benefits to the property derived from the acquisition and/or construction of the District’s Assessment Area Six Project relating to the Development have been apportioned to the property according to reasonable estimates of the special and peculiar benefits provided consistent with the land use categories.

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

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

Assessment Area Six Project are developed or acquired and financed by the District.

True Up Mechanism

Although the District does not process plats, declaration of condominiums, site plans or revisions thereto for the Developer, it does have an important role to play during the course of platting and site planning. Whenever a plat, declaration of condominium or site plan is processed, the District must allocate a portion of its debt to the property according to this Assessment Report outlined herein. In addition, the District must also prevent any buildup of debt on Unassigned Property. Unassigned Property means property within Assessment Area Six within the District where no platting or declaration of condominium has been recorded. Otherwise, the land could be fully conveyed and/or platted without all of the debt being allocated. To preclude this, at the time Unassigned Properties become Assigned Properties, the District will determine the amount of anticipated assessment revenue that remains on the Unassigned Properties, taking into account the proposed plat, or site plan approval. If the total anticipated assessment revenue to be generated from the Assigned and Unassigned Properties is greater than or equal to the maximum annual debt service, then no debt reduction or true-up payment is required. In the case that the revenue generated is less than the required amount then a debt reduction or true-up payment by the landowner in the amount necessary to reduce the par amount of the outstanding Bonds plus accrued interest to a level that will be supported by the new net annual debt service assessments will be required.

Assessment Roll

The District will initially distribute the liens across the property within Assessment Area Six within the District boundaries on a gross acreage basis. As Assigned Property becomes known with certainty, the District will refine its allocation of debt from a per acre basis to a per unit basis as shown in Table 6. If the land use plan changes, then the District will update Table 6 to reflect the changes. As a result, the assessment liens are neither fixed nor are they determinable with certainty on any acre of land within Assessment Area Six prior to the time all Assigned Properties become known. At this time the debt associated with the District’s CIP generally, and the Assessment Area Six Project specifically, will be distributed evenly across all the acres within Assessment Area Six. As the development process occurs, the debt will be distributed against the Assigned Property in the manner described in this Assessment Report. The preliminary assessment roll is depicted in Table 7.

Land Use*	Total	ERUs per Unit (1)	Total ERUs	

Single Family - Meritage	
150	
1.00	
150.00	
Single Family	243	1.00	243.00	
Total Units	393		393.00	

(1) Benefit is allocated on an ERU basis with the Single Family Lot set as the base unit assigned 1 ERU

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

Capital Improvement Plan ("CIP") (1)	AA6 Project Cost Estimate	

Offsite Improvements	
$	275,000	
Stormwater Management	$	3,867,483	
Utilities (Water, Sewer, Reclaim & Street Lighting)	$	4,982,290	
Roadway	$	2,609,274	
Entry Feature, Signage, Landscape & Irrigation	$	520,000	
Parks and Recreational Facilities	$	1,385,000	
Contingencies	$	1,363,905	
	$	15,002,951	

(1) A detailed description of these improvements is provided in the Supplemental Engineer's Report for Assessment Area Six dated December 5, 2023.

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT BOND SIZING
SUPPLEMENTAL ASSESSMENT METHODOLOGY FOR ASSESSMENT AREA SIX

Bond Sizing		
Description		Total		
Construction Funds	$		7,354,006	
Debt Service Reserve	$		603,000	
Capitalized Interest	$		343,608	
Underwriters Discount	$		174,000	
Cost of Issuance	$		184,475	
Original Issue Discount	$		40,911	
Par Amount	$		8,700,000	

Bond Assumptions:				
Average Coupon
Amortization			5.65%
30 years	
Capitalized Interest	Thru 11/1/24
Debt Service Reserve	100% of Max Annual Debt Service
Underwriters Discount	2%	

Prepared by: Governmental Management Services - Central Florida, LLC

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT ALLOCATION OF IMPROVEMENT COSTS
SUPPLEMENTAL ASSESSMENT METHODOLOGY FOR ASSESSMENT AREA SIX

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

Single Family - Meritage	
150	
1.00	
150.00	
38.17%	
$	5,726,317	
$	38,175	
Single Family	243	1.00	243.00	61.83%	$	9,276,634	$	38,175	
	393			393.00	100.00%	$	15,002,951 	

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

Prepared by: Governmental Management Services - Central Florida, LLC

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT ALLOCATION OF TOTAL PAR DEBT TO EACH PRODUCT TYPE
SUPPLEMENTAL ASSESSMENT METHODOLOGY FOR ASSESSMENT AREA SIX

Land Use	

No. of Units *	Total Improvements Costs Per Product
Type	Potential Allocation of Par Debt Per
Product Type	
Developer Contributions**	Allocation of Par Debt Per Product
Type	

Par Per Unit	

Single Family - Meritage	
150	
$	5,726,317	
$	3,568,702	
($649,244)	
$	2,919,458	$	
19,463	
Single Family	243	$	9,276,634	$	5,781,298	($756)	$	5,780,542	$	23,788	
	393	$	15,002,951	$	9,350,000	($650,000)	$	8,700,000		

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

** In order for debt service assessment levels to be consistent with market conditions, developer contributions are recognized. Based on the product type and number of units anticipated to absorb the Bond Principal, it is estimated that the CDD will recognize a developer contribution equal to $650,000 in eligible infrastructure.

Prepared by: Governmental Management Services - Central Florida, LLC

Land Use	No. of Units *

Allocation of Par Debt Per Product Type

Total Par Debt Per Unit

Maximum Annual Debt Service

Net Annual Debt Assessment Per Unit

Gross Annual Debt Assessment Per Unit (1)

Single Family - Meritage	150	$	2,919,458	$	19,463	$	202,349	$ 1,348.99	$  1,450.53	
Single Family	243	$	5,780,542	$	23,788	$	400,651	$ 1,648.77	$  1,772.87	
	393	$	8,700,000		$	603,000			

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

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

Prepared by: Governmental Management Services - Central Florida, LLC

Owner	

Property ID #'s	

Acres	Total Par Debt Allocation Per
Acre	
Total Par Debt Allocated	Net Annual Debt Assessment
Allocation	Gross Annual Debt Assessment
Allocation (1)	
Cunningham Investors LLC	Assessment Area Six*	108.06	$	80,511	$	8,700,000	$	603,000	$	648,387	
Totals		108.06		$	8,700,000	$	603,000	$	648,387	
*See attached legal description				
Annual Assessment Periods		30		
Projected Bond Rate (%)		5.65%		
Maximum Annual Debt Service		$603,000		

(1) This amount includes estimated collection fees and early payment discounts when collected on the Polk County Tax Bill Prepared by: Governmental Management Services - Central Florida, LLC

VILLAMAR CDD ASSESSMENT AREA 6
DEVELOPMENT PHASE VILLAMAR PHASE 7 LEGAL DESCRIPTION

THAT PART OF SECTIONS 14 AND 15, TOWNSHIP 29 SOUTH, RANGE 26 EAST, POLK COUNTY, FLORIDA, BEING DESCRIBED AS:
COMMENCE AT A 1” IRON PIPE WITH NO IDENTIFICATION, STANDING AT THE NORTHWEST CORNER OF SAID SECTION 14, AND RUN THENCE ALONG THE WEST LINE THEREOF, S-00°22’39”-E, 1802.91 FEET TO THE POINT OF BEGINNING; THENCE N-89°33’17”-E, 1524.93 FEET TO A POINT ON THE NORTHERLY RIGHT- OF-WAY LINE OF THOMPSON NURSERY ROAD, ACCORDING TO THE OFFICIAL RECORDS BOOK 12411, PAGES 797 THROUGH 809 (INCLUSIVE), PUBLIC RECORDS OF POLK COUNTY, FLORIDA; THENCE ALONG SAID NORTHERLY RIGHT-OF-WAY LINE THE FOLLOWING SIXTEEN (16) COURSES: 1) S-29°34’54”-W, 1749.01 FEET; THENCE 2) S-50°55’19”-W, 104.32 FEET; THENCE 3) ALONG A NON-RADIAL LINE, S-28°12’04”-E, 180.36 FEET TO A POINT ON A CURVE CONCAVE NORTHWESTERLY; THENCE 4) SOUTHWESTERLY ALONG SAID CURVE HAVING A RADIUS OF 2023.00 FEET, A CENTRAL ANGLE/DELTA OF 17°57’43”, A CHORD BEARING OF S-71°44’25”-W, A CHORD DISTANCE OF 631.60 FEET, FOR AN ARC LENGTH OF 634.20 FEET; THENCE 5) S-80°43’11”-W, 860.07 FEET TO A POINT OF CURVE CONCAVE SOUTHEASTERLY; THENCE 6) SOUTHWESTERLY ALONG SAID CURVE HAVING A RADIUS OF 2143.00 FEET, A CENTRAL ANGLE/DELTA OF 21°39’54”, A CHORD BEARING OF S-69°53’14”-W, A CHORD DISTANCE OF 805.50 FEET, FOR AN ARC LENGTH OF 810.32 FEET; THENCE 7) S-59°03’17”-W, 265.86 FEET; THENCE 8) N-30°56’43”-W, 15.00 FEET;
THENCE 9) S-61°55’40”-W, 99.38 FEET; THENCE 10) S-62°11’47”-W, 201.05 FEET; THENCE 11) S-63°37’43”-
W, 100.32 FEET; THENCE 12) S-66°27’41”-W, 201.68 FEET; THENCE 13) S-64°45’55”-W, 100.50 FEET;
THENCE 14) S-63°03’32”-W, 100.24 FEET; THENCE 15) S-62°29’18”-W, 100.18 FEET; THENCE 16) S- 61°20’43”-W, 88.34 FEET; THENCE DEPARTING SAID NORTHERLY RIGHT-OF-WAY LINE, N-00°41’26”-W,
752.30 FEET TO THE NORTHWEST CORNER OF THE SOUTHWEST ¼ OF THE SOUTHEAST ¼ OF SAID SECTION
15; THENCE S-89°30’27”-E, 1266.00 FEET; THENCE N-00°26’46”-E, 535.71 FEET; THENCE S-89°58’17”-W,
5.10 FEET; THENCE N-00°10’40”-W, 1194.42 FEET; THENCE S-89°30’27”-E, 1412.77 FEET; THENCE N-
00°22’39”-W, 454.56 FEET TO THE POINT OF BEGINNING. CONTAINING: 108.06 ACRES MORE OR LESS.

Exhibit C

LEGAL DESCRIPTION
VILLAMAR COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT AREA SIX DEVELOPMENT PHASE 7

Exhibit D
Maturities and Coupons of Assessment Area Six Bonds

Sources and Uses of Funds for Assessment Area Six Bonds

Annual Debt Service Payment Due on Assessment Area Six Bonds

Section VII

Section A

Section 1

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VILLAMAR COMMUNITY DEVELOPMENT DISTRICT ADOPTING RULES RELATING TO OVERNIGHT PARKING AND PARKING ENFORCEMENT; AND PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE.

Whereas, the VillaMar Community Development District (the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated in the City of Winter Haven, Florida; and

Whereas, Chapter 190, Florida Statutes, authorizes the District to adopt resolutions as may be necessary for the conduct of district business; and

Whereas, the Board of Supervisors of the District (“Board”) is authorized by Sections 190.011(5) and 190.035, Florida Statutes, to adopt rules, orders, policies, rates, fees and charges pursuant to Chapter 120, Florida Statutes; and

WHEREAS, the District desires to adopt Amended Rules Relating to Overnight Parking and Parking Enforcement (“Rules”), attached hereto as Exhibit A and incorporated herein, pursuant to the provisions of Sections 190.011(5) and 190.035 and Chapter 120, Florida Statutes; and

Whereas, the District has properly noticed for rule development and rulemaking regarding the Rules and a public hearing was held at a meeting of the Board on February 6, 2024; and

Whereas, the Board finds that it is in the best interests of the District to adopt by resolution the Rules for immediate use and application.

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

SECTION 1.  The recitals stated above are true and correct and by this reference are incorporated herein.

SECTION 2.   The District hereby adopts the Rules, attached hereto as Exhibit A.

SECTION 3.  If any provision of this Resolution or the Rules is held to be illegal or invalid, the other provisions shall remain in full force and effect.

SECTION 4.  This Resolution shall become effective upon its passage and shall remain in effect unless rescinded or repealed.

[Continue onto next page]

ATTEST:	VILLAMAR COMMUNITY
DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A:	Amended Rules Relating to Overnight Parking and Parking Enforcement

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT
Rules Relating to Overnight Parking and Parking Enforcement

In accordance with Chapter 190, Florida Statutes, and on 	, at a duly noticed public meeting, the Board of Supervisors of the Villamar Community Development District (“District”) adopted the following rule to govern overnight parking and parking enforcement on certain District property (the “Rule”). This Rule repeals and supersedes all prior rules and/or policies governing the same subject matter.

Section 1. Introduction. The District finds that parked Commercial Vehicles, Vehicles, Vessels and Recreational Vehicles (hereinafter defined) on certain of its property (hereinafter defined) cause hazards and danger to the health, safety and welfare of District residents, paid users and the public. This Rule is intended to provide the District’s residents and paid users with a means to remove such Commercial Vehicles, Vehicles, Vessels and Recreational Vehicles from areas that are not designated for parking.

Section 2. Definitions.

Commercial Vehicle. Any mobile item which normally uses wheels, whether motorized or not, that (i) is titled, registered or leased to a company and not an individual person, or (ii) is used for business purposes even if titled, registered or leased to an individual person.

Designated Parking Areas. Areas which have been explicitly approved for parking by the District, including areas indicated by asphalt markings and areas designated on the map attached hereto as Exhibit A and indicated by signage.

Vehicle. Any mobile item which normally uses wheels, whether motorized or not.

Vessel. Every description of watercraft, barge, or airboat used or capable of being used as a means of transportation on water.

Recreational Vehicle. A vehicle designed for recreational use, which includes motor homes, campers and trailers relative to same.

Parked. A Vehicle, Vessel or Recreational Vehicle left unattended by its owner or user.

Tow-Away Zone. District property in which parking is prohibited and in which the District is authorized to initiate a towing and/or removal action. Any District Property not designated as a Designated Parking Area is a Tow-Away Zone.

Overnight. Between the hours of 10:00 p.m. and 6:00 a.m. daily.

SECTION 3. DESIGNATED PARKING AREAS. Parking is permitted only in Designated Parking Areas, as indicated by asphalt markings for parking spaces and as indicated on the map attached hereto as Exhibit A for certain on-street parking areas. On-street parking is expressly prohibited on District roadways except where indicated. Any Vehicle parked on District Property, including District roads,

if any, must do so in compliance with all laws, ordinances, and codes, and shall not block access to driveways and property entrances.

SECTION 4. ESTABLISHMENT OF TOW-AWAY ZONES. All District Property which is not explicitly designated for parking shall hereby be established as “Tow-Away Zones” for all Vehicles, including Commercial Vehicles, Vessels, Recreational Vehicles as set forth in Section 5 herein (“Tow- Away Zone”).

Section 5. Exceptions.

On-Street Parking Exceptions. Commercial Vehicles, Recreational Vehicles, and Vessels are not permitted to be parked on-street Overnight and shall be subject to towing at Owner’s expense.

Abandoned/Broken-Down Vehicles. Abandoned and/or broken-down Vehicles are not permitted to be parked on District Property at any time and are subject to towing at the Owner’s expense.

PARKING DURING AMENITY HOURS. Vehicles may park in the designated parking areas of amenity facilities depicted in Exhibit A during the open hours of operations of such amenity facilities, including any District-authorized special events occurring outside of regular hours of operation. Otherwise, no Overnight parking is permitted at the amenity facilities.

VENDORS/CONTRACTORS. The District Manager or his/her designee may authorize vendors/consultants in writing to park company vehicles in order to facilitate District business. All vehicles so authorized must be identified by a Parking Pass issued by the District.

Delivery Vehicles and Governmental Vehicles. Delivery vehicles, including but not limited to, U.S.P.S., U.P.S., Fed Ex, moving company vehicles, and lawn maintenance vendors may park on District property while actively engaged in the operation of such businesses. Vehicles owned and operated by any governmental unit may also park on District Property while carrying out official duties.

Section 6. Towing/Removal Procedures.

Signage and Language Requirements. Notice of the Tow-Away Zones shall be approved by the District’s Board of Supervisors and shall be posted on District property in the manner set forth in Section 715.07, Florida Statutes. Such signage is to be placed in conspicuous locations, in accordance with Section 715.07, Florida Statutes.

Towing/Removal Authority. To effect towing/removal of a Commercial Vehicle, Vehicle, Vessel or Recreational Vehicle, the District Manager or his/her designee must verify that the subject Commercial Vehicle, Vehicle, Vessel or Recreational Vehicle was not authorized to park under this rule in the Overnight Parking Areas and then must contact a firm authorized by Florida law to tow/remove Commercial Vehicle, Vehicles, Vessels and Recreational Vehicles for the removal of such unauthorized vehicle at the owner’s expense. The Commercial Vehicle, Vehicle, Vessel or Recreational Vehicle shall be towed/removed by the firm in accordance with Florida law, specifically the provisions set

forth in Section 715.07, Florida Statutes. Notwithstanding the foregoing, a towing service retained by the District may tow/remove any vehicle parked in a Tow-Away Zone.

Agreement  with  Authorized  Towing  Service. The  District’s  Board  of
Supervisors is hereby authorized to enter into and maintain an agreement with a firm authorized by Florida law to tow/remove unauthorized vehicles and in accordance with Florida law and with the rules set forth herein.

Section 7. Parking At Your Own Risk. Vehicles, Vessels or Recreational Vehicles may be parked on District property pursuant to this rule, provided however that the District assumes no liability for any theft, vandalism and/ or damage that might occur to personal property and/or to such vehicles.

Section  8. Amendments; Designation  of  Additional  Tow-Away  Zones  or
Designated Parking Areas. The Board in its sole discretion may amend these Rules Related to Overnight Parking and Parking Enforcement from time to time to designate new Tow-Away Zones or Designated Parking Areas as the District acquires additional common areas. Such designations of new Tow-Away Zones and Designated Parking Areas are subject to proper signage and shall be enforced consistent with this Rule. Further rulemaking procedures shall not be required to expand or contract such Tow-Away Zones or Designated Parking Areas so long as signage is consistent with Florida law.

EXHIBIT A – Designated Parking Areas (highlighted areas)

Effective date: 	

**FOR BOARD DISCUSSION PURPOSES ONLY**

Section VIII

A RESOLUTION OF THE BOARD OF SUPERVISORS OF VILLAMAR COMMUNITY DEVELOPMENT DISTRICT APPOINTING AN ASSISTANT TREASURER AND ASSISTANT SECRETARY OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE

Whereas, VillaMar Community Development District (hereinafter the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated within the City of Winter Haven, Polk County, Florida; and

Whereas, the Board of Supervisors of the District desires to appoint an Assistant Treasurer and an Assistant Secretary.

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

Section 1.	Patti Powers is appointed as an Assistant Treasurer.

Section 2.	Rich Hans is appointed as an Assistant Secretary.

Section 3.	This Resolution shall become effective immediately upon its adoption.

Passed and adopted this 6th day of February 2024.

ATTEST:	VILLAMAR COMMUNITY
DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

Section IX

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VILLAMAR COMMUNITY DEVELOPMENT DISTRICT TO DESIGNATE THE DATE, TIME AND PLACE FOR A PUBLIC HEARING AND AUTHORIZATION TO PUBLISH NOTICE OF SUCH HEARING FOR THE PURPOSE OF ADOPTING RULES AND FEES OF THE DISTRICT AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the VillaMar Community Development District (“District”) is a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes (“Act”), for the purpose of owning, operating, maintaining, and providing certain public infrastructure improvements; and

WHEREAS, by virtue of certain plats and other legal instruments, the District holds certain easement rights, and additional easements may in the future be dedicated to the District (together, “District Easements”); and

Whereas, construction of unauthorized improvements within District Easements may interfere with the proper operation and maintenance of the District’s improvements; and

WHEREAS, the Board of Supervisors of the District (“Board”) is authorized by the Act to adopt rules, orders, rates, fees and charges pursuant to Chapter 120, Florida Statutes.

WHEREAS, the Board finds that it is in the best interests of the District and necessary for the efficient operation of the District to set a public hearing to consider adoption of a policy and application fee for the installation of improvements within District Easements, attached hereto as Exhibit A and incorporated herein by this reference (“Easement Variance Policy”).

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

SECTION 1. The Board intends to adopt its proposed Easement Variance Policy, attached hereto as Exhibit A, which includes an application fee. The District will hold a public hearing on such Easement Variance Policy at a meeting of the Board to be held on Tuesday, April 2, 2024, at 11:00 a.m. at the Holiday Inn-Winter Haven, 200 Cypress Gardens Boulevard, Winter Haven, Florida 33880.

SECTION 2. The District Secretary is directed to publish notice of the hearing in accordance with Section 120.54, Florida Statutes.

SECTION 3. If any provision of this Resolution is held to be illegal or invalid, the other provisions shall remain in full force and effect.

PASSED AND ADOPTED this 6th day of February 2024.

ATTEST:	VILLAMAR COMMUNITY
DEVELOPMENT DISTRICT

Secretary	Chairperson, Board of Supervisors

Exhibit A:	Proposed Easement Variance Policy

EXHIBIT A
Proposed Easement Variance Policy

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT
Easement Variance Policy
Effective: 	

Scope. This policy applies to requests to construct/install improvements within easements held by the VillaMar Community Development District (“District”). No improvements, including fences, pavers, landscaping, etc., may be constructed or installed within District easements without approval from the District. This policy is intended to prevent damage which may be caused by unauthorized obstruction of District easements.
Request Procedures. Individuals who wish to construct or install improvements within a District easement must (a) submit an application form to the District Manager or his or her designee, and (b) pay a $75 fee to offset the costs of processing the request. The application must be signed by the owner(s) of the property. Please note that in swale areas, any approved fence must be constructed in a manner which does not impede the flow of water. An example of permissible and impermissible fences in swale areas is attached as Exhibit A. Please also note that fences and other improvements may not be permissible in certain easement areas due to underground improvements, access and maintenance requirements, or other factors in the District’s discretion.
Approval. If approved, the owner(s) of the property must execute an agreement in a form acceptable to the District, which shall be recorded in the Public Records of Polk County, Florida. The District Manager shall have authority to approve applications. There shall be no requirement to bring the application before the Board of Supervisors (“Board”) for approval, unless extraordinary circumstances warrant Board consideration. The District’s approval of an application constitutes approval from the District only. The requestor is responsible for obtaining any other necessary approvals, permits and authorizations for the project, including but not limited to approvals from an HOA, county, municipality, or any other entity having an interest in the project or property utilized.
Denial. The District reserves the right to deny any request that, in its sole discretion, poses an undue risk of damage to District property or improvements; unduly limits the District’s rights to use the easement for its stated purpose; poses an undue risk to the health, safety, or welfare of District residents, guests, staff, and invitees; and/or is otherwise incompatible with the nature of the easement in question. If a request is denied, the requestor may appeal the denial at the next meeting of the Board that is at least ten (10) days from the notice of denial. The Board’s decision upon appeal shall be final.
Encroachment Without Approval. If improvements are constructed or installed within a District easement without approval, the District reserves the right to take all available legal action against the person or entity engaging in such unauthorized use.
Severability. The invalidity or unenforceability of any one or more provisions of these policies shall not affect the validity or enforceability of the remaining provisions, or any part of the policies not held to be invalid or unenforceable.
Sovereign Immunity. Nothing herein shall constitute or be construed as a waiver of the District’s sovereign immunity or limitations on liability contained in Section 768.28, Florida Statutes, or other statutes or law.

EXHIBIT A

Section XI

CONSTRUCTION FUNDING AGREEMENT BETWEEN
VILLAMAR COMMUNITY DEVELOPMENT DISTRICT AND VMAR DEV, LLC (VILLAMAR PHASE 7)

THIS AGREEMENT ("Agreement") is made and entered into and effective as of the 23rd
day of January 2024, by and between:

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, and located in Polk County, Florida, with a mailing address of 219 East Livingston Street, Orlando, Florida 3280 I ("District"), and

VMAR DEV, LLC, a Florida limited liability company. an owner of certain lands within the District, with a mailing address of 346 E. Central Avenue, Winter Haven, Florida 33880, and its successors and assigns (''Developer").

RECITALS

WHEREAS, the District was established by an ordinance, as amended from time to time, adopted by the Board of County Commissioners of Polk County, Florida, pursuant to the Unifonn Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the "Act"), and is validly existing under the Constitution and laws of the State of Florida; and

WHEREAS, the Developer is the owner and/or developer of certain undeveloped lands located within the boundaries of the District identified in the Engineers Report (as defined below, the undeveloped lands described therein being the "Development") upon which the District's improvements have been or will be made; and

WHEREAS, the District, pursuant to Chapter 190, Florida Statutes, is authorized to levy such taxes, special assessments, fees, and other charges as may be necessary in furtherance of the District's activities and services; and

WHEREAS, the District is anticipated to be without sufficient funds available to provide for the constrnction of anticipated master improvements and facilities for the area known as Villamar Phase 7 within the Development, which are described in the Amended and Restated Engineer's Report for Capital Improvements, dated December 15, 2022, as further amended by the Amendment to the Amended and Restated Engineer's Report for Capital Improvements, dated May 2, 2023, and as supplemented by the Supplemental Engineer's Report for Assessment Area Six. dated December 5, 2023, attached hereto as Exhibit A (together, the "Engineer's Report") including construction and any design, engineering, legal, or other construction, professional, or administrative costs (collectively, the "Improvements"); and

WHEREAS, in order to induce the District to proceed at this time with the construction of the necessary or desired improvements, the Developer desires to provide the funds necessary to

enable the District to proceed with such improvements if and when the District exhausts the funds on deposit in the construction account; and

WHEREAS, the District anticipates accessing the public bond market in the future to obtain financing for the construction of the Improvements as described in Exhibit A, and the parties agree that, in the event that bonds are issued, the funds provided under this Agreement will be reimbursable from those bonds.

Now, THEREFORE, in consideration of the recitals, agreements, and mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties, the parties agree as follows:

I.  RECITALS. The recitals stated above are true and correct and by this reference are incorporated herein and fonn a material part of this Agreement.

FUNDING. Developer agrees to make available to the District such monies as are necessary to enable the District to proceed with the design, engineering, and construction of the infrastructure improvements. Developer will make such funds available on a monthly basis, within fifteen (15) days of a written request by the District. The funds shall be placed in the District's construction account with such depository as determined by the District.

REPAYMENT. The parties agree that the funds provided by Developer pursuant to this Agreement will be properly reimbursable from proceeds of the District's issuance of tax­ exempt bonds. Within forty-five (45) days of receipt from time to time of sufficient funds by the District for the financing of some or all of the Improvements, the District shall reimburse Developer until full reimbursement is made or until all funds generated by the anticipated financing are exhausted, exclusive of interest, for the funds advanced under Section 2 above; provided, however, that in the event bond counsel engaged in connection with the District's issuance of bonds providing such financing determines that any such monies advanced or expenses incurred are not properly reimbursable for any reason, including, but not limited to federal tax restrictions imposed on tax-exempt financing, the District shall not be obligated to reimburse such monies advanced or expenses incurred. If the District does not or cannot issue bonds to provide the funds for the Improvements within five (5) years of the date of this Agreement, and, thus does not reimburse the Developer for the funds advanced, then the parties agree that such funds shall be deemed paid in lieu of taxes, fees, or assessments which might be levied or imposed by the District.

DEFAULT. A default by either party to this Agreement shall entitle the other to all remedies available at law or in equity, which may include, but not be limited to, the right of actual damages, injunctive relief and/or specific performance, but shall exclude, in any event, consequential, incidental, special or punitive damages.

E:_\IFORCEMENT OF AGREEMENT. In the event that either party is required to enforce this Agreement by court proceedings or otherwise, then the substantially prevailing party shall be entitled to recover all fees and costs incurred, including reasonable attorneys' fees and costs for trial, alternative dispute resolution, or appellate proceedings.

AGREEMENT. This Agreement shall constitute the final and complete expression of the agreement between the parties relating to the specific subject matter of this Agreement.

AMENDMENTS. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both of the parties hereto.

AUTHORIZATION. The execution of this Agreement has been duly authorized by the appropriate body or official of all parties hereto, each party has complied with all of the requirements of law, and each party has full power and authority to comply with the terms and provisions of this Agreement.

NOTICES. All notices, requests, consents and other communications hereunder ("Notices") shall be in writing and shall be delivered, mailed by First Class Mail, postage prepaid, or overnight delivery service, to the parties, as follows:

If to District

With a copy to:

If to Developer:

With a copy to:

Villamar Community Development District 219 East Livingston Street
Orlando, Florida 32801 Attn: District Manager
Kilinski IVan Wyk PLLC 517 E. College Avenue Tallahassee, Florida 32301 Attn: District Counsel

VMAR Dev, LLC
346 E. Central Avenue Winter Haven, Florida 33880 Attn: Adam Rhinehart

Straughn & Turner PA
255 Magnolia Avenue, S.W. Winter Haven, Florida 33880 Attn: Richard E. Straughn

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

of any change in name or address to which Notices shall be sent by providing the same on five (5) days' written notice to the parties and addressees set forth herein.

THIRD-PARTY BEN'EFICIARIES. This Agreement is solely for the benefit of the formal parties herein and no right or cause of action shall accrue upon or by reason hereof, to or for the benefit of any third party not a formal party hereto. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the parties hereto any right, remedy or claim under or by reason of this Agreement or any provisions or conditions hereof; and all of the provisions, representations, covenants and conditions herein contained shall inure to the sole benefit of and shall be binding upon the parties hereto and their respective representatives, successors and assigns.

ASSIGNMENT. Neither party may assign this Agreement or any monies to become due hereunder without the prior written approval of the other party.

CONTROLLI1"G LAW. This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida.

EFFECTIVE DATE. The Agreement shall be effective after execution by all parties hereto and shall remain in effect unless tem1inated by any of the parties hereto.

PUBLIC RECORDS. Developer understands and agrees that all documents of any kind provided to the District or to District staff in connection with the work contemplated under this Agreement are public records and are treated as such in accordance with Florida law and the District's Record Retention Schedule.

COUNTERPARTS. This Agreement may be executed in one or more counterparts which, when taken together, shall constitute one and the same instrument.

[Signatures on next page]

IN WITNESS WHEREOF, the parties execute this Agreement to be effective the day and year first written above.

ATTEST:	VILLAMAR COMMUNITY

'¥?i

DEVELOPMENT DISTRICT

Chairperson, Board of Supervisors

WITNESS:

nt Name: SeSSLQt Pt1Ci}CL,

VMAR DEV, LLC

By: Adam Rhinhart Its: Manager

Exhibit A: Engineer's Report

EXHIBIT A

VILLAMAR
COMMUNITY DEVELOPMENT DISTRICT

AMENDED AND RESTATED MASTER ENGINEER’S REPORT
FOR CAPITAL IMPROVEMENTS

Prepared for:

BOARD OF SUPERVISORS VILLAMAR
COMMUNITY DEVELOPMENT DISTRICT

Prepared by:
WOOD & ASSOCIATES ENGINEERING, LLC 1925 BARTOW ROAD
LAKELAND, FL 33801
PH: 863-940-2040

December 15, 2022

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT

TABLE OF CONTENTS
PURPOSE	1
INTRODUCTION	1-2
SCOPE…	2-3
THE DEVELOPMENT	3
THE CAPITAL IMPROVEMENTS	3-4
CAPITAL IMPROVEMENT PLAN COMPONENTS	4
Stormwater Management Facilities	4
Public Roadways	4-5
Water, Reclaim, and Wastewater Facilities	5
Off-site Improvements	5-6
Amenities and Parks…	6
Electric and Lighting	6
Entry Feature…	6
Miscellaneous	7
PERMITTING	7-10
RECOMMENDATION.	10
REPORT MODIFICATION	10
CONCLUSION	11

LIST OF EXHIBITS

EXHIBIT 1- Location Map EXHIBIT 2- Amended District Legal EXHIBIT 3- District Boundary Map EXHIBIT 4- Zoning Map
EXHIBIT 5- Future Land Use Map EXHIBIT 6- Utility Location Map EXHIBIT 7- Drainage Flow Pattern Map
EXHIBIT 8- Summary of Opinion of Probable Costs EXHIBIT 9 - Summary of Proposed District Facilities EXHIBIT 10 – Proposed Site Plan

AMENDED AND RESTATED MASTER ENGINEER’S REPORT VILLAMAR
COMMUNITY DEVELOPMENT DISTRICT

PURPOSE
The purpose of this Amended and Restated Master Engineer’s Report is to provide engineering support for the expanded boundaries of the Villamar Community Development District (“CDD” or the “District”).

The existing District boundaries contained Phase 1 through 6, consisting of approximately 435.63 acres, as contemplated by the Amended and Restated Engineer’s Report dated February 15, 2022.

The expanded CDD includes the addition of Phase 7A consisting of 304 lots, Phase 7B consisting of 72 lots, and Phase 8 consisting of 224 lots. The expanded CDD will have a total of 1,996 single family lots and consist of approximately 583.79 acres.

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 consists of approximately 583.79 acres more or less, and is expected to consist of 1,996 single family lots, recreation / amenity areas, parks, and associated infrastructure.

The CDD was established under City Ordinance No. 0-18-70 which was approved by the Winter Haven City Commission (“City Commission” or the “City”) on November 26, 2018 (approximately 153.65 acres), further amended by the City Ordinance No. O-20-40, approved by the City Commission on October 26, 2020 (adding approximately 45.905 acres), further amended by the City Ordinance No. O-21-32, approved by the City Commission on April 12, 2021 (adding approximately 236.07 acres), as further amended by City Ordinance No. O-22-68, approved by the City Commission on November 28, 2022 expanding the District boundary to the current total of 583.79 acres, more or less. The District will own and operate the public roadways and stormwater management facilities, as well as the landscape, irrigation, signage, and recreational facilities within the 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 Management District (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 9 of this report.

This “Capital Improvement Plan” or “Report” reflects the present intentions of the District and the landowners. It should be noted that the location of proposed facilities and improvements may be adjusted 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 the property within the District. The District reserves the right to make reasonable adjustments to the development plan to meet applicable regulatory requirements of agencies with jurisdiction over the development, while maintaining comparable level of benefits to the lands served by the improvements. Changes and modifications are expected as changes in regulatory criteria are implemented.

Implementation of any proposed facilities or improvements outlined in this 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 water, and wastewater collection systems (gravity lines, force mains, and lift stations) will, upon completion, be dedicated to the City for ownership and maintenance.

SCOPE

The purpose of this Report is to provide engineering support to fund improvements in the District. This Report will identify the proposed public infrastructure to be constructed or acquired by the District along with an opinion of probable 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 public infrastructure improvements, determination

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 permitted 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 construction contractors, other engineering professionals, land surveyors, the District Board of Supervisors, and its staff and consultants.

THE DEVELOPMENT

The development will consist of 1,996 single family homes and associated infrastructure (“Development”). The Development is a planned residential community is located on the west of CR 653 and south of Eloise Loop /road in the City of Winter Haven and lies within Sections 14, 15, 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 eight (8) phases.

THE CAPITAL IMPROVEMENTS

The system of improvements comprising the District’s Capital Improvement Plan, (the “CIP”), consists of public infrastructure in Phases 1-8. The primary portions of the CIP 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 extension 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. The CDD will enter into a lighting agreement with Tampa Electric Company for the street light poles and lighting service. Only undergrounding of wire in public right-of-way on District Land is included.

As a part of the 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.

All improvements financed by the District will be on land owned, or subject to a permanent easement in favor of, the District or another government entity.

CAPITAL IMPROVEMENT PLAN COMPONENTS

The Capital Improvement Plan includes the following:

Stormwater Management Facilities
Stormwater management facilities consisting of storm conveyance systems and retention ponds are contained within the District boundaries. Stormwater runs off via roadway curb and gutter to storm inlets. Storm culverts convey the runoff into the proposed retention ponds for water quality treatment and attenuation. The proposed stormwater systems will utilize dry retention and/or wet retention for biological pollutant assimilation to achieve water quality treatment. The design criteria for the District’s stormwater 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 Management Agency Flood Insurance Rate Map (FEMA FIRM) Panel No. 12105C- 0530G (dated 12/22/2016) demonstrates that the majority of the property is located within Flood Zone X with the remainder in AE. Based on this information 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 Stormwater 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 proposed 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 to provide the necessary reporting on various forms associated with erosion control, its maintenance and any rainfall events that occur during construction activity.

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’ of asphalt with roadside swales and sidewalks on both

sides. The proposed roadway section will consist of stabilized subgrade, lime rock, crushed concrete or cement treated base and asphalt wearing surface. The proposed curb is to be 2' wide and placed along the edge of the proposed roadway section for purposes of protecting the integrity of the pavement and also to provide stormwater runoff conveyance to the proposed stormwater inlets. The 80’ R/W section shall be a rural section constructed in accordance with FDOT, County, and City specifications. Underdrain is provided as necessary to control groundwater and protect the roadway 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 of roadway construction will occur for all public roadways.

Water, Reclaim, and Wastewater Facilities
A potable water system inclusive of water main, gate valves, fire hydrants and appurtenances will be installed for the Development. The water service provider will be the City of Winter Haven Public Utilities. The water system will be a "looped" system. These facilities will be installed within the 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 District.

A domestic wastewater collection system inclusive of gravity sanitary sewer mains and sewer laterals will be installed. The gravity sanitary sewer mains will be 8" diameter PVC. The gravity sanitary sewer lines will be placed inside of the proposed public rights-of-way, under the proposed paved roadways. Branching off from these sewer lines will be laterals to serve the individual lots. A lift 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.
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 facilities 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 1 in 2019-2020; Phase 2 in 2020-2022; Phase 3 in 2021-2023; Phase

4 in 2020-2024; Phase 5 in 2023-2025; Phase 6 in 2024-2026; Phase 7A in 2024 – 2026; Phase 7B in 2025 – 2027; Phase 8 in 2026-2027. 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 a public 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.

Electric and Lighting
The electric distribution system thru the District is currently planned to be underground. The District presently intends to fund the incremental cost of undergrounding the system. The District plans to fund the incremental cost of undergrounding the electric conduit for the installation of the street lighting along the internal roadways within the CDD. These lights will be owned and maintained by TECO after dedication, with the District funding maintenance services from funds other than bond proceeds. All improvements funded by the District will be owned and operated by the District or another governmental entity.

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 constructed 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 internal roadways within the CDD. Perimeter fencing will be provided at the site entrances and perimeters that is to be used for buffering purposes. These items will be funded, owned and maintained by the CDD.

Miscellaneous
The stormwater improvements, landscaping and irrigation, recreational improvements, street lighting, and certain permits and professional fees as described in this 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.

PERMITTING
Construction permits for all phases are required and include the SWFWMD Environmental Resource Permit (ERP), Florida Department of Environmental Protection (FDEP), Polk County Health Department, and City construction plan approval. There may be a need for an Army Corps of Engineer (ACOE) jurisdictional wetlands within the Phase 3 CIP boundaries.

Following is a summary of required permits obtained and pending for the construction of the public infrastructure improvements for the District:
PHASE 1 – 334 lots

Permits / Approvals	Approval / Expected Date	
Zoning Approval (City of Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	Approved	
Construction Permits (City of Winter Haven)	Approved	
Polk County Health Department Water	Approved	
FDEP Sewer	Approved	
FDEP NOI	Approved	

PHASE 2 – 281 lots

Permits / Approvals	Approval / Expected Date	
Zoning Approval (Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	Approved	
Construction Permits (City of Winter Haven	Approved	
Polk County Health Department Water	Approved	
FDEP Sewer	Approved	
FDEP NOI	Approved	

PHASE 3 – 140 lots

Permits / Approvals	Approval / Expected Date	
Zoning Approval (City of Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	Approved	
Construction Permits (City of Winter Haven)	Approved	
FDEP Water	Approved	
FDEP Sewer	Approved	
FDEP NOI	Approved	

PHASE 4 – 200 lots

Permits / Approvals	Approval / Expected Date	
Zoning Approval (City of Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	Approved	
Construction Permits (City of Winter Haven)	Approved	
FDEP Water	Approved	
FDEP Sewer	Approved	
FDEP NOI	Approved	

PHASE 5 – 396 lots

Permits / Approvals	Approval / Expected Date	
Zoning Approval (City of Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	Approved	
Construction Permits (City of Winter Haven)	December 2022	
FDEP Water	December 2022	
FDEP Sewer	December 2022	
FDEP NOI	December 2022	

Permits / Approvals	Approval / Expected Date	
Zoning Approval (City of Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	April 2023	
Construction Permits (City of Winter Haven)	April 2023	
FDEP Water	April 2023	
FDEP Sewer	April 2023	
FDEP NOI	April 2023	

PHASE 7A – 304 lots

Permits / Approvals	Approval / Expected Date	
Zoning Approval (City of Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	December 2024	
Construction Permits (City of Winter Haven)	December 2024	
FDEP Water	December 2024	
FDEP Sewer	December 2024	
FDEP NOI	December 2024	

PHASE 7B – 72 lots

Permits / Approvals	Approval / Expected Date	
Zoning Approval (City of Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	December 2025	
Construction Permits (City of Winter Haven)	December 2025	
FDEP Water	December 2025	
FDEP Sewer	December 2025	
FDEP NOI	December 2025	

Permits / Approvals	Approval / Expected Date	
Zoning Approval (City of Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	December 2026	
Construction Permits (City of Winter Haven)	December 2026	
FDEP Water	December 2026	
FDEP Sewer	December 2026	
FDEP NOI	December 2026	

RECOMMENDATION

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

Items utilized in the Opinion of Probable Costs for this report are based upon proposed plan infrastructure as shown on construction drawings incorporating specifications in the most current SWFWMD and the City regulations.

REPORT MODIFICATION

During development and implementation of the public infrastructure improvements 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. This report may be amended or supplemented from time to time to provide for necessary changes in the development plan.

CONCLUSION

It is our professional opinion that the public infrastructure costs for the CIP provided in this Report are reasonable to complete the construction of the public infrastructure improvements. Furthermore, the public infrastructure improvements will benefit and add value to lands within the District at least equal to the costs of such 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 and similar basis for work in the County. However, labor market, future costs of equipment, materials, changes to the regulatory permitting agencies activities, and the actual 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 completed 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 order to facilitate accuracy associated with the Opinion of Probable Costs. Based upon the information above, it is our professional opinion that the acquisition and construction costs of the proposed CIP can be completed at the cost as stated.

EXPANSION PARCELS*
1.	262922-000000-013020
2.  262915-000000-022020
3.	262915-000000-012030

VILLAMAR CDD EXPANSION PARCELS #1-3

4.  262923-000000-011020

VILLAMAR CDD
3

3

2

1

VILLAMAR CDD
EXPANSION PARCEL #4

VILLAMAR CDD

CUNNINGHAM RD

CHERRY BLOSSOM LANE

N

1925 BARTOW ROAD  LAKELAND, FL 33801
OFFICE: (863) 940-2040 FAX: (863) 940-2044 CELL: (863) 662-0018 EMAIL: INFO@WOODCIVIL.COM

EXHIBIT 1
VILLAMAR COMMUNITY DEVELOPMENT DISTRICT LOCATION MAP
*APPROVED AND ADDED TO THE DISTRICT BY THE CITY ORDINANCE NO.	, ADOPTED	.

NO SCALE

VILLAMAR CDD
LEGAL DESCRIPTION OF DISTRICT AS AMENDED

A PARCEL OF LAND BEING A PORTION OF SECTIONS 14, 15, 22, AND 23, TOWNSHIP 29 SOUTH, RANGE 26 EAST, POLK COUNTY, FLORIDA, BEING DESCRIBED AS FOLLOWS:
NOTE: BEARINGS ARE BASED ON THE FLORIDA STATE PLANE COORDINATE SYSTEM, NORTH AMERICAN DATUM OF 1983, (NAD 83), ADJUSTMENT OF 1990, WEST ZONE OF THE EAST LINE OF THE SOUTHEAST ¼ OF THE SOUTHEAST ¼ OF SAID SECTION 15, AS BEING N-00°22'25'-W.
BEGIN AT THE NORTHEAST CORNER OF THE SOUTHWEST ¼ OF THE NORTHEAST ¼ OF SAID SECTION 23, AND RUN THENCE ALONG THE EAST LINE OF “VILLAMAR PHASE 1”, ACCORDING TO THE PLAT THEREOF AS RECORDED IN PLAT BOOK 176, PAGES 50 TO 58 (INCLUSIVE), PUBLIC RECORDS OF POLK COUNTY, FLORIDA, ALSO BEING THE EAST LINE OF THE SOUTHWEST ¼ OF THE NORTHEAST ¼ OF SAID SECTION 23, ALSO BEING THE WEST LINE OF “CRESCENT VIEW,” ACCORDING TO THE PLAT THEREOF AS RECORDED IN PLAT BOOK 142, PAGES 18 AND 19, PUBLIC RECORDS OF POLK COUNTY, FLORIDA, S-00°36'01”-E, 630.40 FEET TO THE SOUTHEAST CORNER OF TRACT B OF SAID “VILLAMAR PHASE 1”, SAID POINT ALSO LIES ON THE NORTH LINE OF “SUNDANCE RANCH ESTATES”, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 77, PAGE 28, PUBLIC RECORDS OF POLK COUNTY, FLORIDA; THENCE RUN ALONG THE SOUTH LINE OF SAID “VILLAMAR PHASE 1”, ALSO BEING THE NORTH LINE OF SAID “SUNDANCE RANCH ESTATES,” THE FOLLOWING THREE COURSES: 1) S-89°22'55”-W, 604.89 FEET; THENCE 2) S-00°37'04”-E, 269.91 FEET; THENCE 3) S-89°55'02”-W, 685.14 FEET TO THE SOUTHWEST CORNER OF LOT 30 OF SAID “VILLAMAR PHASE 1”, SAID POINT ALSO LIES ON THE EASTERLY RIGHT-OF-WAY OF CHERRY BLOSSOM LANE (60.00 FEET WIDE); THENCE ALONG THE WEST LINE OF SAID “VILLAMAR PHASE 1”, ALSO BEING SAID EASTERLY RIGHT-OF-WAY, N-00°05'12”-W, 841.09 FEET TO THE NORTHEAST CORNER OF SAID CHERRY BLOSSOM LANE RIGHT-OF-WAY; THENCE ALONG THE NORTH LINE OF SAID RIGHT-OF-WAY, S-89°23'59”-W, 60.01 FEET TO THE NORTHWEST CORNER OF SAID CHERRY BLOSSOM LANE RIGHT-OF-WAY, SAID POINT ALSO BEING THE NORTHEAST CORNER OF TRACT F OF “VILLAMAR PHASE 2”, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 177, PAGES 9 TO 16 (INCLUSIVE), PUBLIC RECORDS OF POLK COUNTY, FLORIDA; THENCE ALONG THE EAST LINE OF SAID “VILLAMAR PHASE 2”, ALSO BEING THE WESTERLY RIGHT-OF-WAY OF SAID CHERRY BLOSSOM LANE, S-00°05'12”-E, 617.39 FEET TO THE SOUTHEAST CORNER OF TRACT G OF SAID “VILLAMAR PHASE 2”, SAID POINT ALSO BEING THE NORTHEAST CORNER OF LOT 13 OF SAID “SUNDANCE RANCH ESTATES”; THENCE ALONG THE SOUTH LINE OF SAID “VILLAMAR PHASE 2,” ALSO BEING THE NORTH LINE OF SAID “SUNDANCE RANCH ESTATES,” AND THEN ALONG THE NORTH LINE OF “SUNDANCE RANCH ESTATES PHASE TWO”, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 80, PAGE 47, PUBLIC RECORDS OF POLK COUNTY, FLORIDA, S-89°54'40”-W, 1303.55 FEET TO THE NORTHEAST CORNER OF LOT 64 OF “VILLAMAR PHASE 3”, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 186, PAGES 41 TO 47 (INCLUSIVE), PUBLIC RECORDS OF POLK COUNTY, FLORIDA, SAID POINT ALSO BEING THE NORTHWEST CORNER OF LOT 15 OF SAID “SUNDANCE RANCH ESTATES PHASE TWO”; THENCE ALONG THE EAST LINE OF SAID “VILLAMAR PHASE 3”, ALSO BEING THE WEST LINE OF SAID LOT 15, S-30°18'12”-W, 131.90 FEET; THENCE CONTINUE ALONG THE EAST LINE OF SAID “VILLAMAR PHASE 3”, ALSO BEING THE WEST LINE OF SAID LOT 15, AND THEN THE WESTERLY LINE OF LOT 16 OF SAID “SUNDANCE RANCH ESTATES PHASE TWO”, S-00°02'26”-E, 597.04 FEET TO THE SOUTHEAST CORNER OF TRACT H OF SAID “VILLAMAR PHASE 3”, SAID POINT ALSO LIES ON THE NORTH LINE OF SAID “SUNDANCE RANCH ESTATES PHASE TWO”, THENCE ALONG THE SOUTH LINE OF SAID “VILLAMAR PHASE 3”, ALSO BEING THE NORTH LINE OF SAID “SUNDANCE RANCH ESTATES PHASE TWO”, THE FOLLOWING TWO (2) COURSES: 1) S-89°50'17”-W, 1447.86 FEET; THENCE 2) S-52°57'56”-W, 162.90 FEET TO THE MOST SOUTHERLY CORNER OF TRACT B OF SAID “VILLAMAR PHASE 3”, SAID POINT ALSO LIES ON THE NORTHEASTERLY LINE OF THE CSX TRANSPORTATION RAILROAD RIGHT-OF-WAY, (100.00 FEET WIDE) ACCORDING TO THE MAP RECORDED IN MAP V5 FLA L-27-17, PUBLIC RECORDS OF POLK COUNTY, FLORIDA; THENCE ALONG THE WESTERLY LINE OF SAID “VILLAMAR PHASE 3” ALSO BEING SAID NORTHEASTERLY RAILROAD RIGHT-OF-WAY, N-37°02'21”-W, 1685.34 FEET TO A POINT ON THE WEST LINE OF THE

1925 BARTOW ROAD	LAKELAND, FL 33801
OFFICE: (863) 940-2040	FAX: (863) 940-2044	CELL: (863) 662-0018 EMAIL: INFO@WOODCIVIL.COM

EXHIBIT 2 VILLAMAR CDD
LEGAL DESCRIPTON OF AMENDED DISTRICT

PAGE 1 OF 3

SOUTHEAST ¼ OF THE NORTHEAST ¼ OF SAID SECTION 22; THENCE ALONG SAID WEST LINE, ALSO BEING THE WEST LINE OF SAID “VILLAMAR PHASE 3, N-00°36'31”-W, 140.09 FEET TO THE NORTHWEST CORNER OF SAID “VILLAMAR PHASE 3”, ALSO BEING THE SOUTHWEST CORNER OF “VILLAMAR PHASE FOUR”, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 190 PAGES 16 TO 21 (INCLUSIVE), PUBLIC RECORDS OF POLK COUNTY, FLORIDA, SAID POINT IS ALSO THE SOUTHEAST CORNER OF THE NORTHWEST ¼ OF THE NORTHEAST ¼ OF SAID SECTION 22; THENCE ALONG THE SOUTH LINE OF SAID NORTHWEST ¼ OF THE NORTHEAST ¼, N-89°41'20”-W,
104.65 FEET TO A POINT ON SAID NORTHEASTERLY RAILROAD RIGHT-OF-WAY; THENCE ALONG SAID NORTHEASTERLY RAILROAD RIGHT-OF-WAY, ALSO BEING THE SOUTHWESTERLY LINE OF THE LANDS AS DESCRIBED IN OFFICIAL RECORDS BOOK 9855, PAGE 845, PUBLIC RECORDS OF POLK COUNTY, FLORIDA, AND THEN ALONG THE SOUTHWESTERLY LINE OF THE LANDS AS DESCRIBED IN OFFICIAL RECORDS BOOK 6376, PAGE 1480, PUBLIC RECORDS OF POLK COUNTY, FLORIDA, N-37°02'20”-W, 2079.03 FEET TO THE WEST LINE OF SAID LAND AS DESCRIBED IN OFFICIAL RECORDS OF POLK COUNTY, FLORIDA, N-37°02'20”-W, 2079.03 FEET TO THE WEST LINE OF SAID LAND AS DESCRIBED IN SAID OFFICIAL RECORDS BOOK 6376, PAGE 1480; THENCE ALONG SAID WEST LINE N-00°41'26”-W, 1002.84 FEET TO THE NORTHWEST CORNER OF THE SOUTHWEST ¼ OF THE SOUTHEAST ¼ OF SAID SECTION 15; THENCE ALONG THE NORTH LINE OF SAID LANDS AS DESCRIBED IN SAID OFFICIAL RECORDS BOOK 6376, PAGE 1480, S-89°30'27”-E, 1266.00 FEET TO THE SOUTHWEST CORNER OF THE LANDS AS DESCRIBED IN OFFICIAL RECORDS BOOK 5664, PAGE 367, PUBLIC RECORDS OF POLK COUNTY, FLORIDA; THENCE ALONG THE WEST LINE OF SAID LANDS AS DESCRIBED IN OFFICIAL RECORDS BOOK 5664, PAGE 367, THE FOLLOWING THREE (3) COURSES: 1) N-00°26'46”-E, 535.71 FEET; THENCE 2) S-89°58'17”-W, 5.10 FEET; THENCE 3) N-00°10'40”-W, 1194.42 FEET TO THE NORTHWEST CORNER OF SAID LANDS AS DESCRIBED IN OFFICIAL RECORDS BOOK 5664, PAGE 367; THENCE ALONG THE NORTH LINE THEREOF, S-89°30'27”-E, 1412.77 FEET TO THE NORTHEAST CORNER THEREOF, SAID POINT ALSO LIES ON THE WEST LINE OF THE LANDS AS DESCRIBED IN OFFICIAL RECORDS BOOK 6376, PAGE 1480, PUBLIC RECORDS OF POLK COUNTY, FLORIDA; THENCE ALONG SAID WEST LINE, N-00°22'39'-W,
454.56 FEET TO THE NORTHWEST CORNER OF SAID LANDS AS DESCRIBED IN SAID OFFICIAL RECORDS BOOK 6376,
PAGE 1480; THENCE ALONG THE NORTH LINE THEREOF, N-89°33'17”-E, 259.22 FEET TO THE NORTHEAST CORNER THEREOF; THENCE N-89°33'17”-E, 1266.31 FEET; THENCE N-43°52'13”-E, 579.06 FEET; THENCE ALONG THE NORTHWESTERLY PROJECTION OF THE SOUTHERLY LINE OF THE “TOWER PARCEL” AS DESCRIBED IN OFFICIAL RECORDS BOOK 12092, PAGE 2088, PUBLIC RECORDS OF POLK COUNTY, FLORIDA, S-46°12'15”-E, 197.00 FEET TO THE SOUTHWEST CORNER OF SAID “TOWER PARCEL”; THENCE ALONG THE SOUTHERLY LINE OF SAID “TOWER PARCEL”, AND CONTINUING S-46°12'15”-E, 60.00 FEET TO THE SOUTHEAST CORNER OF SAID “TOWER PARCEL”; THENCE ALONG THE SOUTHEASTERLY PROJECTION OF SAID “TOWER PARCEL”, AND CONTINUING S-46°12'15”-E,
70.71 FEET TO A POINT THAT LIES 490.35 FEET SOUTHWESTERLY OF THE SOUTHWESTERLY RIGHT-OF-WAY OF ELOISE LOOP ROAD (COUNTY ROAD 540-A, STATE ROAD 540-A); THENCE N-50°31'13”-E, 490.35 FEET TO SAID SOUTHWESTERLY RIGHT-OF-WAY; THENCE ALONG SAID SOUTHWESTERLY RIGHT-OF-WAY, S-38°52'08”-E, 188.19 FEET TO A POINT ON THE EAST LINE OF THE SOUTHEAST ¼ OF THE NORTHWEST ¼ OF SAID SECTION 14; THENCE ALONG SAID EAST LINE, AND THEN ALONG THE EAST LINE OF THE NORTHEAST ¼ OF THE SOUTHWEST ¼ OF SAID SECTION 14, S-00°05'44”-E, 2530.38 FEET TO A POINT ON THE NORTH LINE OF “TERRANOVA PHASE III” ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 124, PAGES 23 TO 27 (INCLUSIVE), PUBLIC RECORDS OF POLK COUNTY, FLORIDA; THENCE ALONG SAID NORTH LINE, S-89°34'39”-W, 1324.55 FEET TO THE NORTHWEST CORNER OF SAID “TERRANOVA PHASE III”, ALSO BEING THE NORTHWEST CORNER OF THE SOUTHEAST ¼ OF THE SOUTHWEST ¼ OF SAID SECTION 14 ACCORDING TO THE RECORDED PLAT OF SAID “TERRANOVA PHASE III”, THENCE ALONG THE WEST LINE OF SAID “TERRANOVA PHASE III”, S-00°11'49”-E, 0.44 FEET TO A POINT ON THE SOUTH LINE OF THE NORTHWEST ¼ OF THE SOUTHEAST ¼ OF SAID SECTION 14; THENCE CONTINUE ALONG THE WEST LINE OF SAID “TERRANOVA PHASE III,” THEN ALONG THE WEST LINE OF “TERRANOVA PHASE IV”, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 130, PAGES 6 AND 7, PUBLIC RECORDS OF POLK COUNTY, FLORIDA, CONTINUING S-00°11'49”-E, 1329.50 FEET TO A POINT ON THE SOUTH LINE OF SAID “TERRANOVA PHASE IV”; THENCE ALONG THE SOUTH LINE OF SAID “TERRANOVA PHASE IV” N-89°28'44”-E, 0.47 FEET TO THE NORTHEAST CORNER OF THE NORTHWEST ¼ OF THE NORTHWEST ¼ OF SAID SECTION 23; THENCE ALONG THE EAST LINE THEREOF, S-00°35'58”-E, 364.00 FEET TO THE NORTHWEST CORNER OF TRACT A OF SAID “TERRANOVA PHASE FOUR”, SAID POINT ALSO LIES ON THE SOUTH LINE OF THE NORTH
364.00 FEET OF THE NORTH ½ OF THE NORTHEAST ¼ OF THE NORTHWEST ¼ OF SAID SECTION 23;

1925 BARTOW ROAD	LAKELAND, FL 33801
OFFICE: (863) 940-2040	FAX: (863) 940-2044	CELL: (863) 662-0018 EMAIL: INFO@WOODCIVIL.COM

EXHIBIT 2 VILLAMAR CDD
LEGAL DESCRIPTON OF AMENDED DISTRICT

PAGE 2 OF 3

THENCE ALONG THE NORTH LINE OF SAID “TERRANOVA PHASE FOUR”, ALSO BEING THE SOUTH LINE OF THE NORTH 364.00 FEET OF THE NORTH ½ OF THE NORTHEAST ¼ OF THE NORTHWEST ¼ OF SAID SECTION 23, N-89°28'44”-E, 1321.79 FEET TO THE NORTHEAST CORNER OF TRACT G OF SAID “TERRANOVA PHASE FOUR”; THENCE ALONG THE EAST LINE OF SAID TRACT G, S-00°36'29”-E, 189.95 FEET TO THE NORTHWEST CORNER OF LOT 27 OF SAID “TERRANOVA PHASE FOUR”; THENCE ALONG THE NORTH LINE THEREOF, ALSO BEING THE NORTH LINE OF THE SOUTH 109.00 FEET OF THE NORTH ½ OF THE NORTHWEST ¼ OF THE NORTHEAST ¼ OF SAID SECTION 23, N-89°43'49”-E, 1322.82 FEET TO THE NORTHEAST CORNER OF SAID LOT 27; THENCE ALONG THE EAST LINE OF SAID “TERRANOVA PHASE FOUR”, S-00°36'26”-E, 109.00 FEET TO THE SOUTHEAST CORNER OF LOT 26 OF SAID “TERRANOVA PHASE FOUR”, THENCE ALONG THE SOUTH LINE OF SAID LOT 26, ALSO BEING THE SOUTH LINE OF THE NORTH ½ OF THE NORTHWEST ¼ OF THE NORTHEAST ¼ OF SAID SECTION 23, ALSO BEING THE NORTH LINE OF THE SOUTH ½ OF THE NORTHWEST ¼ OF THE NORTHEAST ¼ OF SECTION 23, S-89°39'10”-W, 0.15 FOOT TO A POINT ON THE NORTHERLY PROJECTION OF THE EAST LINE OF SAID “VILLAMAR PHASE 1”; THENCE ALONG SAID NORTHERLY PROJECTION, THEN ALONG THE EAST LINE OF SAID “VILLAMAR PHASE 1”, S-00°36'30”-E, 623.11 FEET TO A POINT ON THE NORTH LINE OF THE SOUTH 40.00 FEET OF THE NORTHEAST ¼ OF THE NORTHEAST ¼ OF SAID SECTION 23; THENCE ALONG SAID NORTH LINE, N-89°42'54”-E, 1242.88 FEET; THENCE DEPARTING SAID NORTH LINE, N-44°33'20”-E, 70.51 FEET TO A POINT ON THE WEST RIGHT-OF-WAY OF RATTLESNAKE ROAD (COUNTY ROAD 653, STATE ROAD 653), AS DESCRIBED IN DEED BOOK 1023, PAGES 461, PUBLIC RECORDS OF POLK COUNTY, FLORIDA; THENCE ALONG SAID WEST RIGHT-OF-WAY, S-00°36'34”-E, 74.14 FEET TO THE MAINTAINED RIGHT-0F-WAY OF CUNNINGHAM ROAD, ACCORDING TO THE MAP THEREOF, AS RECORDED IN MAP BOOK 7, PAGE 349, PUBLIC RECORDS OF POLK COUNTY, FLORIDA; THENCE ALONG SAID MAINTAINED RIGHT-OF-WAY THE FOLLOWING THIRTEEN (13) COURSES: 1) S-88°34'10”-W, 92.81 FEET; THENCE 2) S-89°42'55”-W, 100.00 FEET;
THENCE 3) S-89°42'55”-W, 100.00 FEET; THENCE 4) S-89°08'32”-W, 100.00 FEET; THENCE 5) N-89°42'43”-W,
100.00 FEET; THENCE 6) S-89°42'55”-W, 100.00 FEET; THENCE 7) S-87°25'28”-W, 100.08 FEET; THENCE 8)
N-89°42'43”-W, 100.00 FEET; THENCE 9) N-89°08'21”-W, 100.02 FEET; THENCE 10) S-89°42'55”-W, 100.00 FEET;
THENCE 11) N-89°42'43”-W, 100.00 FEET; THENCE 12) S-89°42'55”-W, 100.00 FEET; THENCE 13) S-89°42'55”-W,
100.08 FEET TO A POINT ON THE EAST LINE OF SAID “VILLAMAR PHASE 1”, SAID POINT ALSO LIES ON THE EAST LINE OF THE NORTHWEST ¼ OF THE NORTHEAST ¼ OF SAID SECTION 23; THENCE ALONG SAID WEST LINES, S-00°36'30”-E, 13.95 FEET TO THE POINT OF BEGINNING.
CONTAINING: 583.79 ACRES, MORE OR LESS.

1925 BARTOW ROAD	LAKELAND, FL 33801
OFFICE: (863) 940-2040	FAX: (863) 940-2044	CELL: (863) 662-0018 EMAIL: INFO@WOODCIVIL.COM

EXHIBIT 2 VILLAMAR CDD
LEGAL DESCRIPTON OF AMENDED DISTRICT

PAGE 3 OF 3

DISTRICT BOUNDARY

CUNNINGHAM RD

DISTRICT BOUNDARY

CHERRY BLOSSOM LANE

N

1925 BARTOW ROAD	LAKELAND, FL 33801
OFFICE: (863) 940-2040	FAX: (863) 940-2044	CELL: (863) 662-0018 EMAIL: INFO@WOODCIVIL.COM

EXHIBIT 3
VILLAMAR COMMUNITY DEVELOPMENT DISTRICT DISTRICT BOUNDARY MAP

NO SCALE

DISTRICT BOUNDARY

PD	PD

PD
DISTRICT BOUNDARY

CUNNINGHAM RD

PD

N

1925 BARTOW ROAD	LAKELAND, FL 33801
OFFICE: (863) 940-2040	FAX: (863) 940-2044	CELL: (863) 662-0018 EMAIL: INFO@WOODCIVIL.COM

LEGEND

PD - PLANNED DEVELOPMENT

COMPOSITE EXHIBIT 4 VILLAMAR CDD ZONING MAP
CITY OF WINTER HAVEN

NO SCALE

CON
DISTRICT BOUNDARY
RL

RL

RE

CON

DISTRICT BOUNDARY

CUNNINGHAM RD

CHERRY BLOSSOM LANE

RE

1925 BARTOW ROAD	LAKELAND, FL 33801
OFFICE: (863) 940-2040	FAX: (863) 940-2044	CELL: (863) 662-0018 EMAIL: INFO@WOODCIVIL.COM

LEGEND

RL - RESIDENTIAL LOW DENSITY RE - RESIDENTIAL ESTATE
CON - CONSERVATION

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

N

NO SCALE

DISTRICT BOUNDARY

16"

16"

DISTRICT BOUNDARY

8"

16"

16"

8"

16"

CUNNINGHAM RD
8"

CHERRY BLOSSOM LANE

8"	8"
16"

8"

N

1925 BARTOW ROAD	LAKELAND, FL 33801
OFFICE: (863) 940-2040	FAX: (863) 940-2044	CELL: (863) 662-0018 EMAIL: INFO@WOODCIVIL.COM

LEGEND

EXISTING WATER MAIN AS NOTED EXISTING FORCE MAIN AS NOTED

COMPOSITE EXHIBIT 6 VILLAMAR CDD
WATER & FORCE MAINS

NO SCALE

FLOOD ZONE AE

FLOOD ZONE AE

DISTRICT BOUNDARY

FLOOD ZONE
X5	FLOOD

DISTRICT BOUNDARY
FLOOD

ZONE AE

FLOOD

FLOOD ZONE

ZONE AE

FLOOD ZONE AE

ZONE AE

CUNNINGHAM RD

X5	FLOOD
ZONE X5

CHERRY BLOSSOM LANE

FLOOD ZONE A

LEGEND

1925 BARTOW ROAD	LAKELAND, FL 33801
OFFICE: (863) 940-2040	FAX: (863) 940-2044	CELL: (863) 662-0018 EMAIL: INFO@WOODCIVIL.COM

Drainage Flow

COMPOSITE EXHIBIT 7 VILLAMAR CDD DRAINAGE MAP

N

NO SCALE

Composite Exhibit 8
Villamar Community Development District Summary of Probable Cost

Number of Lots(10)	334	281	140	200	396	45	304	72	224	1996	
Infrastructure (1)(9)	Phase 1 
2019‐2020	Phase 2
2020‐2022	Phase 3
2021‐2023	Phase 4
2022‐2024	Phase 5
2023‐2025	Phase 6 
2024‐2025	Phase 7A
2024‐2026	Phase 7B
2025‐20207	Phase 8
2026‐2027	Total	
Offsite Improvements (5)(6)	$	340,000.00	$	310,000.00	$	455,000.00	$	1,050,000.00	$	750,000.00	$	25,000.00	$	350,000.00	$	160,000.00	$	380,000.00	$	3,820,000.00	
Stormwater Management (2)(3)(5)(6)	$	4,170,000.00	$	3,767,500.00	$	925,000.00	$	1,300,000.00	$	4,284,000.00	$	472,500.00	$	3,076,500.00	$	756,000.00	$	2,352,000.00	$	21,103,500.00	
Utilities (Water, Sewer, Reclaimed & Street Lighting) (5)(6)(8)	
$	2,000,000.00	
$	1,866,000.00	
$	1,190,000.00	
$	1,700,000.00	
$	5,508,000.00	
$	607,500.00	
$	3,955,500.00	
$	972,000.00	
$	3,024,000.00	
$	20,823,000.00	
Roadways (4)(5)(6)	$	1,500,000.00	$	1,204,000.00	$	625,000.00	$	890,000.00	$	2,448,000.00	$	270,000.00	$	1,758,000.00	$	432,000.00	$	1,344,000.00	$	10,471,000.00	
Entry Feature, Signage, Landscape &
Irrigation(6)(7)	$	105,000.00	$	95,000.00	$	50,000.00	$	90,000.00	$	650,000.00	$	50,000.00	$	450,000.00	$	220,000.00	$	540,000.00	$	2,250,000.00	
Parks and Recreation Facilities (1)(6)	$	420,000.00	$	380,000.00	$	190,000.00	$	280,000.00	$	300,000.00	$	80,000.00	$	1,700,000.00	$	120,000.00	$	200,000.00	$	3,670,000.00	
Contingency	$	420,000.00	$	360,000.00	$	340,000.00	$	539,000.00	$	1,394,000.00	$	150,500.00	$	1,129,000.00	$	266,000.00	$	784,000.00	$	5,382,500.00	
TOTAL	$	8,955,000.00	$	7,982,500.00	$	3,775,000.00	$	5,849,000.00	$ 15,334,000.00	$	1,655,500.00	$ 12,419,000.00	$	2,926,000.00	$	8,624,000.00	$	67,520,000.00	

Notes:
	Infrastructure consists of offsite improvements, public roadway improvements, stormwater management facilities, 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, lot finishing in conjunction with home construction, which will be provided by the home builder
Includes stormwater pond excavation and mass grading of the site. Costs do not include transportation to or placement of fill on private property
Includes sub‐grade, base, asphalt paving, curbing, sidewalks and civil/site engineering of public roads
Includes subdivision infrastructure and civil/site engineering.
Estimates are based on 2022 costs.
Includes entry features, signage, hardscape, landscape, irrigation and fencing
The CDD presently intends to purchase, install, and maintain the street lighting along the internal roadways within the CDD or enter into a Lighting Agreement with Tampa Electric for operation and maintenance of the street light poles and lighting service to the District. Only undergrounding of wire in public right‐of‐way and on District land will be funded with bond proceeds.
Estimates based on Master Infrastructure to support development of 1996 lots.
Lot Summary Table provided on Exhibit 10 – Master Site Plan.

Composite Exhibit 9
Villamar Community Development District Summary of Proposed District Facilities

District Infrastructure	
Construction	
Ownership	
Capital Financing*	Operation and Maintenance	
Offsite Improvements	District	Polk County/City of
Winter Haven	District Bonds	Polk County/City of
Winter Haven	
Stormwater Facilities	District	District	District Bonds	District	
Lift Stations/Water/Sewer	District	City of Winter Haven	District Bonds	City of Winter Haven	
Street Lighting/Conduit	District	**District	District Bonds	**District	
Roadway	District	District/City	District Bonds	District/City	
Entry Feature & Signage	District	District	District Bonds	District	
Parks & Recreation Facilities	District	District	District Bonds	District	

*Costs not funded by bonds will be funded by the developer.
** Street lighting/conduit shall be owned and maintained by the District or the District shall enter into a lease with Tampa Electric.

VILLAMAR
MASTER SITE LAYOUT

PHASE 1	(50' x 110') =	322		
*(PH 1 & 2)	(70' x 200') =	12	(LAKEFRONT)	
	Total	334		
PHASE 2	(50' X 110') =	97		
*(PH 3)	(40' x 115') =	184		
	Total	281		
PHASE 3	(50' x 110') =	93		
*(PH 4)	(40' x 110') =	21		
	(50' x 120') =	26		
	Total	140		
PHASE 4	(50' x 110') =	62		
*(PH 5)	(40' x 110') =	138		
	Total	200		
PHASE 5	(50' x 110') =	194		
*(PH 6A, 6B,	(40' x 110') =	202		
6C)	Total	396		
PHASE 6	(50' x 110') =	11		
*(PH 6D)	(40' x 110') =	34		
	Total	45		
PHASE 7A	(50' x 110') =	72		
*(PH 7A)	(40' x 110') =	232		
	Total	304		
PHASE 7B	(50' x 110')=	13		
*(PH 7B)	(40' x 110') =	59		
	Total	72		
PHASE 8	(50' x 110') =	94		
*(PH 8)	(40' x 110') =	130		
Total		224		

LOT SUMMARY - CDD PHASES 1 - 8

PROPOSED CUNNINGHAM RD.

DEVELOPED (OR IN PROGRESS)
(DEVELOPMENT PHASES)
PH 1	206

100+00.00

101+00

102+00

103+00	104+00

106+00	107+00	108+00	109+00  109+50.00  110+00

110+00

111+64.29

12+00

11+00	10+00.00

502+78.78

PH 2	128
PH 3	281

202+34.25  203+00

204+00

206+00	207+00	208+00

210+00

30'

210+54.25

30'

115+86.57

30'

505+38.78

501+00

114+00  113+42.32 113+00 112+58.54

121+21.10 121+00

120+45.15

116+00

117+00	118+00  118+49.90

107+00

30'

108+00

109+00	110+00	111+00

112+00

113+00 113+31.21

115+31.02

115+48.29

116+00	117+00

117+62.17 118+00

118+63.21 119+00

120+00	121+00

122+00	123+00

123+58.38 124+00

124+58.58

PH 4	140
PH 5	200

603+87.67

TOTAL	955

100+21.32

101+00

102+00 102+40.98

103+00	104+00	105+00	106+00

30'

417+00	418+00	419+00	420+00	421+00

416+00

603+00

416+87.80

600+80.91

30'

423+00	424+00	425+00	426+00

602+00

426+25.18

422+00

PHASE 1- 8 TOTAL LOTS = 1,996

FUTURE (OR IN PERMITTING)

3+40.16  3+84.24 4+00

PH 6	396

614+19.30

414+00

614+00

613+00

612+00

611+00

610+00

609+00

608+00

607+00

606+00

605+00

604+81.92

* DEVELOPMENT PHASE

5+15.40   6+00  6+62.16 7+00	8+08.17	9+00  9+52.39 10+00.00

(6A, 6B, 6C)
PH 6D	45	TOTAL LOTS
40' LOTS = 1,000
50' LOTS =	984	
PH 7A	304	70' LOTS =	12	
PH 7B	72			
PH 8	224			
TOTAL	1,041			

BREAKDOWN BY OWNER FUTURE LOTS VILLAMAR FG	508
DRH	?
REMAINING	?
BOWEN PARCELS	533
TOTAL	1,041

Amendment to the Amended and Restated Engineer’s Report for Capital Improvements

PREPARED FOR: BOARD OF SUPERVISORS
VILLAMAR

COMMUNITY DEVELOPMENT DISTRICT

PREPARED BY:

1925 Bartow Road • Lakeland, FL 33801 • 863-940-2040

May 2, 2023

TABLE OF CONTENTS
PURPOSE	1
SECTION VII – PERMITTING	1-3
EXHIBIT 8 – SUMMARY OF PROBABLE COST	3
EXHIBIT 10 – MASTER SITE PLAN	3

VILLAMAR CDD
AMENDED AND RESTATED ENGINEER’S REPORT

PURPOSE
The purpose of this Amendment is to amend the Amended and Restated Engineer’s Report for Capital Improvements, dated December 15, 2022 (the “Master Report”). The Master Report described the development occurring in eight phases. Additional details have been added to clarify the correlation of phasing to assessment and development areas, and updates have been made to reflect the most current cost estimates, unit counts, and permit status.

SECTION VII - PERMITTING
The Permitting tables in Section VII of the Master Report has been updated to reflect the most recent permitting status as follows:

District Phase 1 - Assessment Area 1 Development Phase 1 & 2 – 334 lots

Permits / Approvals	Approval / Expected Date	
Zoning Approval (City of Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	Approved	
Construction Permits (City of Winter Haven)	Approved	
Polk County Health Department Water	Approved	
FDEP Sewer	Approved	
FDEP NOI	Approved	

District Phase 2 - Assessment Area 2 Development Phase 3 – 281 lots

Permits / Approvals	Approval / Expected Date	
Zoning Approval (Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	Approved	
Construction Permits (City of Winter Haven)	Approved	
Polk County Health Department Water	Approved	
FDEP Sewer	Approved	
FDEP NOI	Approved	

District Phase 3 - Assessment Area 3 Development Phase 4 – 140 lots

Permits / Approvals	Approval / Expected Date	
Zoning Approval (City of Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	Approved	
Construction Permits (City of Winter
Haven)	Approved	
FDEP Water	Approved	
FDEP Sewer	Approved	
FDEP NOI	Approved	

District Phase 4 - Assessment Area 4 Development Phase 5 – 200 lots

Permits / Approvals	Approval / Expected Date	
Zoning Approval (City of Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	Approved	
Construction Permits (City of Winter Haven)	Approved	
FDEP Water	Approved	
FDEP Sewer	Approved	
FDEP NOI	Approved	

District Phase 5 & 6 - Assessment Area 5 Development Phase 6 & 6D – 443 lots

Permits / Approvals	Approval / Expected Date	
Zoning Approval (City of Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	Approved	
Construction Permits (City of Winter
Haven)	April 2023	
FDEP Water	April 2023	
FDEP Sewer	April 2023	
FDEP NOI	April 2023	

District Phase 7A & 7B - Assessment Area 6 Development Phase 7 – 391 lots

Permits / Approvals	Approval / Expected Date	
Zoning Approval (City of Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	September 2023	
Construction Permits (City of Winter
Haven)	September 2023	
FDEP Water	September 2023	
FDEP Sewer	September 2023	
FDEP NOI	September 2023	

District Phase 8 - Assessment Area 7 Development Phase 8 – 211 lots

Permits / Approvals	Approval / Expected Date	
Zoning Approval (City of Winter Haven)	Approved	
Preliminary Plat (City of Winter Haven)	Not Required	
SWFWMD ERP	December 2024	
Construction Permits (City of Winter
Haven)	December 2024	
FDEP Water	December 2024	
FDEP Sewer	December 2024	
FDEP NOI	December 2024	

EXHIBIT 8 – SUMMARY OF PROBABLE COSTS
The Summary of Probable Cost table attached as Exhibit 8 to the Master Report has been updated to reflect the correlation of project phasing to assessment areas, and to include updated unit counts and cost estimates. The total unit count has been updated to 2000 units.

EXHIBIT 10 – MASTER SITE PLAN
The overall layout was updated to reflect the revised phasing and lot count.

Composite Exhibit 8
Villamar Community Development District Summary of Probable Cost

Assessment Area	1	2	3	4	5	6	7		
Development Phase	1 & 2	3	4	5	6	6D	7	8		
Number of Lots(10)	334	281	140	200	443	391	211	2000	

District Phase	Phase 1 
2019‐2020	Phase 2
2020‐2022	Phase 3
2021‐2023	Phase 4
2022‐2024	Phase 5	Phase 6	Phase 7A	Phase 7B	Phase 8
2024‐2025	
Total	
					2023‐2024 	2023‐2024			
Infrastructure (1)(9)(11)									
Offsite Improvements (5)(6)	$	340,000.00	$	310,000.00	$	455,000.00	$	1,050,000.00	$	1,653,000.00	$	510,000.00	$	380,000.00	$	4,698,000.00	
Stormwater Management (2)(3)(5)(6)	$	4,170,000.00	$	3,767,500.00	$	925,000.00	$	1,300,000.00	$	4,426,912.15	$	3,907,274.60	$	2,108,529.26	$	20,605,216.01	
Utilities (Water, Sewer, Reclaimed & Street Lighting) (5)(6)(8)	
$	2,000,000.00	
$	1,866,000.00	
$	1,190,000.00	
$	1,700,000.00	
$	5,712,890.75	
$	5,042,303.12	
$	2,721,038.26	
$	20,232,232.12	
Roadways (4)(5)(6)	$	1,500,000.00	$	1,204,000.00	$	625,000.00	$	890,000.00	$	2,125,434.75	$	1,875,948.05	$	1,012,340.25	$	9,232,723.05	
Entry Feature, Signage, Landscape &
Irrigation(6)(7)	$	105,000.00	$	95,000.00	$	50,000.00	$	90,000.00	$	650,000.00	$	670,000.00	$	540,000.00	$	2,200,000.00	
Parks and Recreation Facilities (1)(6)	$	420,000.00	$	380,000.00	$	190,000.00	$	280,000.00	$	150,000.00	$	1,350,000.00	$	200,000.00	$	2,970,000.00	
Contingency	$	420,000.00	$	360,000.00	$	340,000.00	$	539,000.00	$	1,471,823.76	$	1,335,552.58	$	696,190.78	$	5,162,567.12	
TOTAL	$	8,955,000.00	$	7,982,500.00	$	3,775,000.00	$	5,849,000.00	$	16,190,061.41	$	14,691,078.35	$	7,658,098.55	$	65,100,738.30	

Notes:
	Infrastructure consists of offsite improvements, public roadway improvements, stormwater management facilities, 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, lot finishing in conjunction with home construction, which will be provided by the home builder
Includes stormwater pond excavation and mass grading of the site. Costs do not include transportation to or placement of fill on private property
Includes sub‐grade, base, asphalt paving, curbing, sidewalks and civil/site engineering of public roads.
Includes subdivision infrastructure and civil/site engineering.
Estimates are based on 2023 costs.
Includes entry features, signage, hardscape, landscape, irrigation and fencing.
The CDD presently intends to purchase, install, and maintain the street lighting along the internal roadways within the CDD or enter into a Lighting Agreement with Tampa Electric for operation
and maintenance of the street light poles and lighting service to the District. Only the incremental costs of undergrounding of wire in public right‐of‐way and on District land will be funded with bond procee
Estimates based on Master Infrastructure to support development of 2000 lots.
Lot Summary Table provided on Exhibit 10 – Master Site Plan.
The District will pay the lesser of the actual cost of the improvements or fair market value.

0

Scale: 1" = 300'

LOT SUMMARY - CDD PHASES 1 - 7
DISTRICT PHASES
PHASE 1	(50' x 110') =	322
*(PH 1 & 2)	(70' x 200') =	12	(LAKEFRONT)	
**(PH 1)	Total	334		
PHASE 2	(50' X 110') =	97		
*(PH 3)	(40' x 115') =	184		
**(PH 2)	Total	281		
PHASE 3	(50' x 110') =	93		
*(PH 4)	(40' x 110') =	21		
**(PH 3)	(50' x 120') =	26		

(W) (W)

(W) (W) (W) (W) (W) (W)  (W) (W)

Total	140

PROPOSED CUNNINGHAM RD.

(FM)	(FM)

PHASE 4	(50' x 110') =	62

(FM)  (FM)  (FM)  (FM)

(FM)

(FM)
*(PH 5)	(40' x 110') =	138	
**(PH 4)	Total	200	
PHASE 5 &	(50' x 110') =	194	
PHASE 6	(40' x 110') =	202	
*(PH 6)	Total	396	

*(PH 6D)	(50' x 110') =	11	
	(40' x 110') =	36	

**(PH 5)	Total	47

100+00.00

101+00

102+00

103+00	104+00

106+00	107+00

108+00	109+00  109+50.00  110+00

110+00

>  >  >  >
111+64.29

PHASE 7A &(50' x 110') =	34

(W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W)

PHASE 7B (40' x 110') =	357

RW  RW

114+00  113+42.32 113+00 112+58.54

(FM)(FM)  (FM)(FM) (FM)(FM)

*(PH 7)	Total	391

RW	RW  RW  RW  RW

RW  RW

RW

RW  RW  RW  RW  RW  RW

RW  RW	RW  RW  RW  RW

(W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W)

>

12+00

11+00	10+00.00

RW  RW

505+38.78

(FM)(FM)

>	>  >  >  >  >  >  >  >

**(PH 6)

>  >  >

RW	RW

(FM)(FM)  (FM)(FM)

RW  RW  RW  RW

RW  RW

RW

RW  RW  RW  RW	RW

RW  RW

202+34.25  203+00

204+00

206+00	207+00	208+00

210+00

RW

210+54.25

502+78.78

115+86.57
116+00

RW

RW  RW  RW

117+00	118+00  118+49.90

RW

PHASE 8	(50' x 110') =	149

120+45.15

*(PH 8)	(40' x 110') =	62
RW	**(PH 7)	Total	211

30'

501+00

121+21.10 121+00

30'

D

(FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)

(FM)

(FM)

(FM)

>

>

(FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)

(FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)

(FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)

30'

30'

(FM)  (FM)  (FM)  (FM)  (FM)  (FM)  (FM)

(FM)

>  > RW >  > RW  RW
RW

> RW

>  > RW > RW > RW

115+31.02

116+00	117+00

117+62.17 118+00

118+63.21

(FM)

>   RW>  > RW  RW  RW

8+08.17	9+00  9+52.39 10+00.00

RW

RW

RW  RW  RW  RW  RW  RW

107+00

108+00

RW  RW

109+00	110+00	111+00

112+00

113+00 113+31.21

115+48.29

119+00	120+00

121+00

122+00	123+00

123+58.38 124+00

124+58.58

100+21.32

101+00

>  >  >

102+00 102+40.98

103+00	104+00	105+00	106+00

>  >  >  >  >  >

>

RW  RW

600+80.91

30'

>  >  >  >	>

>  >  >  >	>  >  >  >

>  >  >  >  >  >  >

(FM)
(FM)

(FM)  (FM)

<  <  <  <  <  <  <  <  <  <  < 30'

RW	RW  RW  RW

(W) (W) (W) (W) (W)

(W) (W) (W) (W) (W) (W) (W) (W) (W)  (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W)  (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W) (W)

(SS)  (SS)  (SS)  (SS)  (SS)

(W) (W) (W) (W) (W) (W) (W) (W) (W)

RW  RW  RW  RW   RW  RW

(SS)  (SS)  (SS)  (SS)

(SS)  (SS)  (SS)  (SS)  (SS)

(SS)

(SS)

(SS)

(W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W)

(SS)  (SS)  (SS)  (SS)

(SS)  (SS)  (SS)  (SS)  (SS)  (SS)  (SS)

417+00	418+00	419+00	420+00	421+00

416+00

416+87.80

RW  RW  RW  RW  RW

423+00	424+00	425+00	426+00

602+00

426+25.18

422+00

RW  RW  RW  RW  RW  RW

RW  RW  RW  RW

PHASE 1- 7 TOTAL LOTS = 2,000

(SS)  (SS)

(SS)  (SS)  (SS)  (SS)  (SS)  (SS)  (SS)  (SS)  (SS)  (SS)

(SS)  (SS)

>  >

<  <  <  <  <  <

3+40.16  3+84.24 4+00	5+15.40   6+00  6+62.16 7+00

(FM)

414+00

RW

603+87.67

603+00

(SS)(SS)

RW  RW  RW  RW

RW

RW  RW  RW  RW

608+00

RW  RW

607+00

RW  RW  RW

606+00

605+00

614+19.30
614+00

613+00

612+00

611+00

610+00

609+00

604+81.92

8

* DEVELOPMENT PHASE
**ASSESSMENT AREA

<

<

<

<  <  <

RW

(FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)

TOTAL LOTS

(W)(W)

(W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W)

(W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W) (W) (W) (W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W)

(W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W)

40' LOTS = 1,000
50' LOTS =	988
70' LOTS =	12

(W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W) (W)(W)

(FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM) (FM)(FM) (FM)(FM)

PHASE LINE

WWWW WWWW WWWW WWWW

Nicki
2023-05-01 16:08:41
--------------------------------------------
8

(FM)(FM)

(FM)(FM)  (FM)(FM)  (FM)(FM) (FM)(FM)

(FM)(FM)  (FM)(FM)

(FM)(FM)  (FM)(FM)  (FM)(FM) (FM)(FM)

(FM)(FM)

(FM)(FM)  (FM)(FM)  (FM)(FM) (FM)(FM)

(FM)(FM)  (FM)(FM)  (FM)(FM) (FM)(FM)

(FM)(FM)

(FM)(FM) (FM)(FM) (FM)(FM)

(FM)(FM)  (FM)(FM)  (FM)(FM) (FM)(FM)

(FM)(FM)  (FM)(FM)  (FM)(FM)  (FM)(FM)

Section XII

Prepared By and Return To Lauren Gentry, Esq.
Kilinski I Van Wyk PLLC 517 E. College Avenue Tallahassee, Florida 32301

INSTR # 2024017938
BK 12983 Pgs 0139-0145 PG(s)?
01/24/2024 01:13:18 PM STACY M. BUTTERFIELD,
CLERK OF COURT POLK COUNTY RECORDING FEES 61.00

TEMPORARY CONSTRUCTION AND ACCESS EASEMENT AGREEMENT (VILLAMAR PHASE 7)

THIS TEMPORARY CONSTRUCTION AND ACCESS EASEMENT  AGREEMENT
("Agreement") is made and entered into this 23rdday of January, 2024, by and between VMAR DEV, LLC, a Florida limited liability company, whose address is 346 E. Central Ave., Winter Haven, FL 33880 ("Grantor") in favor of VILLAMAR COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, whose address is clo Governmental Management Services Central Florida, LLC, 219 E. Livingston St., Orlando, Florida 3280 I
("Grantee" or the "District") (Grantor and Grantee are sometimes together referred to herein as the
"Parties", and separately as the "Party").

WITNESSETH:

WHEREAS, Grantor is the owner in fee simple of certain real property located in the District, identified as Villamar Phase 7, being more particularly described on Exhibit "A" attached hereto, and by this reference incorporated herein (the "Easement Area"); and

WHEREAS, Grantee intends to complete within the Easement Area, the design, installation and constmction of roadway improvements, water, stom1water management facilities, sanitary sewer utilities, signage, neighborhood parks and recreational facilities. and other such improvements as authorized by law (collectively, the "Improvements"); and

WHEREAS, Grantor desires to grant to Grantee a temporary, non-exclusive construction and access easement on, upon, over, under, across, and through the Easement Area for the sole purpose of constrncting the Improvements, until either construction of the Improvements is completed or the Grantee acquires the Easement Area, whichever occurs first.

NOW, THEREFORE, for and in consideration of Ten and No/JOO Dollars ($I0.00) in hand paid by the Grantee to the Grantor, the mutual covenants and agreements herein set forth and other good and valuable consideration, the receipt, adequacy and sufficiency of which are hereby expressly acknowledged by the Parties, the Parties do hereby agree as follows:

Recitals. The foregoing recitals are true and correct and are incorporated herein by this reference.

Temporary Construction Easement. Grantor does hereby grant, bargain, sell and convey to Grantee a temporary. non-exclusive easement on, upon, over, under, across and through the Easement Area for access, ingress, egress and to allow Grantee to complete the design, construction and installation of the Improvements (collectively, the "Easement").

Term of Easement. Upon the earlier of (i) the completion of all Improvements and the acceptance of such by the District's Board of Supervisors, or (ii) recordation of a release of the Easement in the Public Records of Polk County. Florida, then this Agreement shall automatically tenninate and be extinguished and all rights in the Easement granted by this Agreement shall immediately revert to the Grantor, its successors, transferees and assigns, without further action of the Grantor or Grantee being required with respect to such Easement Area. Alternatively, (iii) upon recordation of a plat, this Agreement shall partially and automatically tenninate and be extinguished over the platted residential lots ("Lots"), and all rights in the Easement upon such Lots granted by this Agreement shall immediately revert to the Grantor, its successors, transferees and assigns, without further action of the Grantor or Grantee being required with respect to such Lots in the Easement Area. Upon tennination of this Agreement, as provided herein, and upon request by Grantor, Grantee shall promptly execute and deliver to Grantor a document in recordable form confirming termination of this Agreement and the Easement granted herein. Should the Grantee acquire the Easement Area from the Grantor prior to the occurrence of events (i), (ii) and (iii) enumerated herein, this Agreement shall automatically tenninate and be extinguished and all rights in the Easement granted by this Agreement shall immediately vest in the Grantee, its successors, transferees and assigns, without further action of the Grantor or Grantee being required with respect to such Easement Area.

Insurance and Indemnity. Grantee and/or any contractors performing work for Grantee on the Easement Area, shall at all times maintain general public liability insurance to afford protection against any and all claims for personal injury, death or property damage arising directly or indirectly out of the exercise of the rights and privileges granted. Said insurance maintained by any contractors performing work for Grantee on the Easement Area shall be issued by solvent, reputable insurance companies authorized to do business in the State of Florida, naming Grantee and Grantor as insured, as their interests may appear. in a combined-single limit of not less than $1,000,000.00 with respect to bodily injury or death and property damage. Said insurance shall also be primary, and not contributory, as to any insurance coverage maintained by Grantor. To the extent permitted by law and without waiving any of the protections afforded by section 768.28, Florida Statutes, Grantee hereby agrees to indemnify and hold harmless Grantor from and against any and all liability arising out of Grantee's construction activities within the Easement Area.

Obligations of Grantor and Grantee. The Parties acknowledge and agree that any rights granted hereunder shall be exercised by the Parties only in accordance and compliance with any and all applicable laws, ordinances, rules. regulations, permits and approvals, and any future modifications or amendments thereto. The Parties covenant and agree that neither party shall discharge into or within the Easement Area, any hazardous or toxic materials or substances, any pollutants, or any other substances or materials prohibited or regulated under any federal, state or local law, ordinance, rule, regulations or permit, except in accordance with such laws, ordinances, rules, regulations and permits. To the extent permitted by law and without waiving any of the protections afforded by section 768.28, Florida Statutes, each Party hereby agrees to indemnify and hold harmless the other Party from and against any and all liability arising out of such Party's breach of any provision of this Agreement, including, without limitation, the matters set forth in this paragraph.

Beneficiaries of Easement Rights. The Easement set forth in this Agreement shall be for the sole benefit and usc of Grantee, its successors and assigns, and Grantee's agents, employees, consultants, representatives, contractors and providers of emergency services and utility services.

Amendments and Waivers. This Agreement may not be tenninated or amended. modified, altered, or changed in any respect whatsoever, except by a further agreement in writing duly executed by the Parties and recorded in the Public Records of Polk County. Florida. No delay or omission of any Party in the exercise of any right accruing upon any default of any Party shall impair
2

such right or be construed to be a waiver thereof, and every such right may be exercised at any time during the continuance of such default. A waiver by any Party of a breach of, or a default in, any of the tem1s and conditions of this Agreement by any other Party shal1 not be construed to be a waiver of any subsequent breach of or default in the same or any other provision of this Agreement. No breach of the provisions of this Agreement shall entitle any Party to cancel, rescind or otherwise tenninate this Agreement, but such limitation shall not affect, in any manner, any other rights or remedies which any Party may have by reason of any breach of the provisions of this Agreement.

Notices. Any notices which may be permitted or required hereunder shall be in writing and shall be deemed to have been duly given (i) three (3) days after depositing with the United States Postal Service, postage prepaid, (ii) one day after depositing with a nationally recognized overnight courier service, or (iii) on the day of hand delivery (provided such delivery occurs prior to 5:00 pm, E.S.T. or E.D.T., as applicable), to the address listed above or to such other address as either Party may from time to time designate by written notice in accordance with this paragraph.

Use of Easement Area. It is acknowledged and agreed that the Easement granted under this Agreement is not an exclusive casement and that Grantor shall have the right to use and enjoy the Easement Area in any manner not inconsistent with the easement rights created herein, and grant others the right to do so.

I 0. Liens. Grantee shall not permit (and shall promptly satisfy or bond) any construction, mechanic's lien or encumbrance against the Easement Area in connection with the exercise of rights hereunder.

Effedive Date. The Effective Date of the Agreement shall be the last day that this Agreement is signed by either Party.

Miscellaneous. This Agreement contains the entire understanding of the Parties with respect to the matters set fonh herein and no other agreement, oral or written, not set forth herein, nor any course of dealings of the Parties, shall be deemed to alter or affect the terms and conditions set forth herein. If any provision of this Agreement, or portion thereof, or the application thereof to any person or circumstances, shall, to the extent be held in\'alid, inoperative or unenforceable, the remainder of this Agreement, or the application of such provision or portion thereof to any other persons or circumstances, shall not be affected thereby; it shall not be deemed that any such invalid provision affects the consideration for this Agreement; and each provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law. This Agreement shall be construed in accordance with the laws of the State of Florida. Venue for any proceeding brought hereunder shall be Polk County, Florida. In the event of any dispute hereunder or of any action to interpret or enforce this Agreement, any provision hereof or any matter arising herefrom, the predominantly prevailing pany shall be entitled to recover its reasonable attorneys• fees, costs and expenses, whether suit be brought or not, and whether in settlement, in any declaratory action, at trial or on appeal. The section headings in this Agreement are for convenience only, shall in no way define or limit the scope or content of this Agreement, and shall not be considered in any construction or interpretation of this Agreement or any part hereof. Where the sense of this Agreement requires, any reference to a temt in the singular shall be deemed to include the plural of said term, and any reference to a tenn in the plural shall be deemed to include the singular of said term. Nothing in this Agreement shall be construed to make the Parties hereto partners or joint venturers or render either of said parties liable for the debts or obligations of the other. This Agreement may be executed in counterparts, each of which shall constitute an original, but all taken together shall constitute one and the same Agreement. Time is of the essence of this Agreement. This Agreement shall be binding upon and inure to the benefit of Grantor and Grantee and their respective successors and assigns. The rights, privileges

3

and Easement granted and conveyed hereunder shall be a burden upon the Easement Area and shall exist for the benefit of and run with title to the Easement Area.

!SIGNATURES CONTAINED ON FOLLOWING PAGES)

4

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

WITNESSES:

"GRANTOR"

o :a 0':iLLC, _aF orida limited liability
By:	l/t111;
Adam Rhinehart, its Manager

	l\l(L,

f..

STATE OF Fl,-0&.Ilij
COUNTY OF -rU\I",-•

The foregoing ins ent was acknowledged before me by means of physical presence or U online notarization thi 3 clay of January, 2024, by Adam Rhinehart, as Manager of VMar Dev, LLC, on behalf of the company.

Nolary Public State ol Florida Lindsey E Roden
My Comml$$IOn HH 303599
Expires s1221202e

ture & Seal)
Name:  ....:::..:....:::::.E::lo..:J4...,....l,o!...-.c:.M:.i.ee.Il		
Personally Known --'""---·				 OR Produced Identification 			_ Type of Identification 	_

5

Signed, sealed and delivered in the presence of:

"GRANTEE"

VILLAMAR
COMMUNITY DEVELOPMENT
DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes

Vien.;dSup WR

STATE OF FLORIDA
COUNTY OF POLK
The foregoing inst nt was acknowledged before me by means of J'physical presence or □ onlinc notarization thi "dly of January, 2024, by Warren K. "Rennie" Hcathk as Chairperson of the Board of Supervisors of the Villamar Community Development District.

(Offic·
Name:
Personally Known -- --		
OR Produced Identification
Type of Identification 	_

6

Exhibit A VILLAMAR PHASE 7
THAT PART OF SECTIONS 14 AND 15, TOWNSHIP 29 SOUTH, RANGE 26 EAST, POLK COUNTY, FLORIDA,
BEING DESCRIBED AS:

COMMENCE AT A 1" IRON PIPE WITH NO IDENTIFICATION, STANDING AT THE NORTHWEST CORNER OF
SAID SECTION 14, AND RUN THENCE ALONG THE WEST LINE THEREOF, S-00"22'39"-E, 1802.91 FEET TO
THE POINT OF BEGINNING; THENCE N-89"33' 17"-E, 1524.93 FEET TO A POINT ON THE
NORTHERLY RIGHTOF- WAY LINE OF THOMPSON NURSERY ROAD, ACCORDING TO THE OFFICIAL RECORDS BOOK 12411, PAGES 797 THROUGH 809 (INCLUSIVE), PUBLIC RECORDS OF POLK COUNTY, FLORIDA; THENCE ALONG SAID NORTHERLY RIGHT-OF­ WAY LINE THE FOLLOWING SIXTEEN (16) COURSES: l) S-29D34'54"-W, 1749.01 FEET; THENCE 2) S-50°55' 19"-W, 104.32 FEET; THENCE 3) ALONG A NON-RADIAL LINE, S- 28°12'04"-E. 180.36 FEET TO A POINT ON A CURVE CONCAVE NORTHWESTERLY; THENCE
4) SOUTHWESTERLY ALONG SAID CURVE HAVING A RADIUS OF 2023.00 FEET, A CENTRAL ANGLE/DELTA OF 17°57'43''. A CHORD BEARING OF S-71"44'25"-W, A CHORD DISTANCE OF 631.60 FEET, FOR AN ARC LENGTH OF 634.20 FEET; THENCE S) S-80 43' 11"-W,
860.07 FEET TO A POINT OF CURVE CONCAVE SOUTHEASTERLY; THENCE 6) SOUTHWESTERLY ALONG SAID CURVE HAVING A RADIUS OF 2143.00 FEET, A CENTRAL ANGLE/DELTA OF 21°39'54", A CHORD BEARING OF S-69D53' 14"-W, A CHORD DISTANCE OF
805.50 FEET, FOR AN ARC LENGTH OF 8I0.32 FEET; THENCE 7) S-59"03'17"-W, 265.86 FEET; THENCE 8) N-30"56'43"-W, 15.00 FEET; THENCE 9) S-61"55'40"-W, 99.38 FEET; THENCE 10) S- 6rl l '47"-W, 201.05 FEET; THENCE 11) S-63°37'43"- W, 100.32 FEET; THENCE 12) S-66"27'41"­ W, 201.68 FEET; THENCE 13) S-64°45'55''-W, 100.50 FEET: THENCE 14) S-63c03'32"-W, 100.24
FEET; THENCE 15) S-62°29'18"-W, 100.18 FEET; THENCE 16) S-61"20'43"-W, 88.34 FEET;
TH ENCE DEPARTING SAID NORTHERLY RIGHT-OF-WAY LINE, N-00.,41 '26"-W, 752.30 FEET TO THE NORTHWEST CORNER OF THE SOUTHWEST •,-,. OF THE SOUTHEAST % OF SAID SECTION 15; THENCE S-89c30'27"-E, 1266.00 FEET; THENCE N-00°26'46"-E, 535.71 FEET; THENCE S-89"58'17"-W, 5.10 FEET; THENCE N-00°10'40''-W, 1194.42 FEET; THENCE S- 89"30'27"-E, 1412.77 FEET; THENCE N-00 22'39"-W, 454.56 FEET TO THE POINT OF BEGINNING.

CONTAINING: 108.06 ACRES MORE OR LESS.

7

Section XIII

Upon recording, please return to:
Lauren Gentry, Esq. KJllnski I Van Wyk PLLC 517 E. College Avenue Tallahassee, Florida 32301

INSTR # 2024017658
BK 12982 Pgs 1554-1566 PG(s)13
01/24/2024 10:46:48 AM STACY M. BUTTERFIELD,
CLERK OF COURT POLK COUNTY RECORDING FEES 112.00

NOTICE OF COMMENCEMENT

Permit Nos. 	 Parcel I.D. No.: Legal Description Attached.
STATE OF FLORIDA COUNTY OF POLK

THE UNDERSIGNED hereby gives notice that improvements wm be made to certain real property in Polk County, Florida. The following information is provided in this Notice of Commencement

L		Description of property (legal description of property and address if available): That property identified at Exhibit A.

General description of improvements: including clearing and earthwork, paving, storm drainage, sanitary sewer coUection system. water distribution system. and reclaimed water distribution for Villamar Phase.I.

Owner information
Name and address: Yilll:llnar C9mmunity Development District
JQ	Govemmenta1 Manag rmmtServicesJ LLC		 219 E. Livingston St

'

	Qd ndo. FL 32801
Interest in property: Easement
Name and address of fee simple titleholder (if other than owner): VMAR Dev, LLC

Contractor (name and address): RIPA & Associates, LLC, 1409 Tech Boulevard, Suite 1. Tampa, Florida 33619.

Surety
Name and address: Travelers Casualty and Suretv Company of America
l North Dale Mabry Highway, Suite l005 Tampa. Florida 33609
Amount ofbond: $I0,512.063.20
Lender (name and address): -~ NIA						

	Person within the State of Florida designated by owner upon whom notices or other documents may be served.

Name and address:	Jill Burns, Governmental Management Services, LLC. 219 E. Livingston St., Orlando, FL 3280l
In addition owner designates the following individual to receive a copy of any notices:
!A.		
Expiration date of notice of commencement	NIA	·	'(the
expiration date is one year from the date of recording unless a different date is specified).

The foregoing information and execution of this notice is being provided solely for the purpose of providing notice. The Owner of the property is a local unit of special purpose government and not an ..Owner.. as defined in Section 713.01(23), Florida Statutes.

Attest:	VILLAMAR COMMUNITY

DEVELOP	ENT DISTRICT

Se  ary	

STATE OF FLOR  \It
COUNTYOF	O

K.

The foregoing instrument was (lknowledged before me by means of1fphysical presence or
0	online notarization this j day of January, 2024, by Warren	J ("Rennie.,) Heath II, as

Chairman of the Board of Supervisors of the Villamar Community Development District, who is

personally known to me or O produced _	.Lt..		

as identification.

f	-it

,,_...,.., _	;;;J?cial Notary Seal)
I t:m1,'ir: •f	cl._	f f '"	\ \	}
Exp i, J,2021	• nt Name:	.-c:t:10......_,'f.... 	_,i:::ft.	,_,nC4..l..'..4...._
--_...,.	,...htary Public, State of Florida	/

EXHIBIT A:	Legal Description of Site
EXHIBIT B:	Perfonnance and Payment Bonds

...

EXHIBIT A:
VILLAMAR PHASE 7

THAT PART OF SECTIONS 14 AND 1S, TOWNSHIP 29 SOUTH, RANGE 26 EAST, POLK COUNTY, FLORIDA,
BEING DESCRIBED AS:
COMMENCE AT A 1" IRON PIPE WITH NO IDENTIFICATION, STANDING AT THE NORTHWEST CORNER OF
SAID SECTION 14, AND RUN THENCE ALONG THE WEST LINE THEREOF, S-00°22'39"-E,
1802.91 FEET TO
THE POINT OF BEGINNING; IBENCE N-89°33'1T'-E, 1S24.93 FEET TO A POINT ON THE NORTHERLY RIGHTOF- WAY LINE OF THOMPSON NURSERY ROAD, ACCORDING TO THE OFFICIAL RECORDS BOOK 12411, PAGES 797 THROUGH 809 (INCLUSIVE), PUBLIC RECORDS OF POLK COUNTY, FLORIDA; THENCE ALONG SAID NORTHERLY RIGHT-OF­ WAY LINE THE FOLLOWING SIXTEEN (16) COURSES: 1) S-29°34'54"-W, 1749.01 FEET; THENCE 2) S-50°55'19"-W, 104.32 FEET; THENCE 3) ALONG A NON-RADIAL LINE. S- 28°12'04"-E, 180.36 FEET TO A POINT ON A CURVE CONCAVE NORTHWESTERLY; THENCE
4) SOUTHWESTERLY ALONG SAID CURVE HAVING A RADIUS OF 2023.00 FEET, A CENTRAL ANGLE/DELTA OF 17°57'43", A CHORD BEARING OF S-71°44'25"-W, A CHORD DISTANCE OF 631.60 FEET, FOR AN ARC LENGTH OF 634.20 FEET; THENCE 5) S-80043'11"-W,
860.07 FEET TO A POINT OF CURVE CONCAVE SOUTHEASTERLY; THENCE 6) SOUTHWESTERLY ALONG SAID CURVE HAVING A RADIUS OF 2143.00 FEET, A CENTRAL ANGLE/DELTA OF 21°39'54", A CHORD BEARING OF S-69°53'14"-W, A CHORD DISTANCE OF
805.50 FEET, FOR AN ARC LENGTH OF 810.32 FEET; THENCE 7) S-59°03'17"-W, 265.86 FEET; THENCE 8) N-30°56.43..-W, 15.00 FEET; THENCE 9) S-61°55'40"-W, 99.38 FEET; THENCE 10) S-
62°11'47"-W, 201.05 FEET; THENCE 11) S-63°37'43"- w. 100.32 FEET; THENCE 12) S-66°27'4_1..
W, 201.68 FEET; THENCE 13) S-64 45'55"-W, 100.50 FEET; THENCE 14) S-63°03'32"-W, 100.24
FEET; THENCE 15) S-62°29'18"-W, 100.18 FEET; THENCE 16) S. 61°20'43"-W, 88.34 FEET; THENCE DEPARTING SAID NORTHERLY RIGHT-OF-WAY LINE, N-00°41 '26"-W, 752.30 FEET TO THE NORTHWEST CORNER OF THE SOUTHWEST¼ OF THE SOUTHEAST¼ OF SAID SECTION 15; THENCE S-89°30'27"-E, 1266.00 FEET; THENCE N-00°26'46..-E. 535.71 FEET; THENCE S-89°58'1T'-W. 5.10 FEET; THENCE N-00°10'40"-W, 1194.42 FEET; THENCE S- 89°30'27"-E, 1412.77 FEET; THENCE N-00°22'39..-W, 454.56 FEET TO THE POINT OF BEGINNING.
CONTAINING: 108.06 ACRES MORE OR LESS.

EXHIBITB

PERFORMANCE BOND

Contractor
Name: Ripa & Associates, LLC
Address (principal place of business):
1409 Tech Blvd., Suite 1
Tampa, FL 33619
Telephone Number: {813) 623-6777	Surety
Name: Travelers Casualty and Surety Company of America
Address {principal place of business):
1 North Dale Mabry Highway, Suite 1005
Tampa, FL 33609
Telephone Number: {813) 890-4400	
Owner

Name: Villamar Community Development District

Mailing address {principal place of business):
219 East Livingston Street, Orlando, FL 32801

Telephone Number: (407) 841-5524	Contract

Description (name and location):
Villamar Community Development District, Master Infrastructure Improvements, Phase 7, Polk County, Florida
Contract Price:	$10,512,063.20

Effective Date of Contract:	January 8, 2024	
Bond
Bond Amount:	$10,512,063.20
Date of Bond:	January 11, 2024
(Date of Bond cannot be earl/er than Effective Date of Contract)
Modifications to this Bond form:
□ None	See Paragraph 16	
Surety and Contractor, intending to be legally bound hereby, subject to the terms set forth in this Performance Bond, do each cause this Performance Bond to be duly executed by an authorized officer,
agent, or representative.	
Contractor as Principal	Surety
Ripa & Associates, LLC	Travelers Casualty and Surety Company of America		
	;ff
\!	
(Full formal name of Contractor)	(Full formal name of Surety) (corporate seal)
By:	 U!n		By:	 V::f,;"	
OocuSlgn dby:	DocuSlgned by·

{Signature)	{Signature)(Attach Power of Attorney)
Name:  Chris Laface		Name: David B. Shick, Attorney-In-Fact &		
		
(Printed or typed)
Title:	 President		Title:	(Printed or typed)
Licensed FL Resident Agent #A241176	
GDocuSlgned by·	GOocuSlgned by·
Attest:	Attest:	t,	bv-w.i/J.,
Lt: 2F 7:		A80349404g714EF	

(Signature)	(Signature)
Name:   Lori Katzman		Name:  Melanie Braccia	
{Printed or typed)	(Printed or typed)
Title:	 Witness		Title:	 Witness	
Notes: (1) Provide supplemental execution by any additional parties, such as joint venturers. (2) Any singular reference to Contractor, Surety, Owner, or other party is considered plural where applicable.	

EJCDC"' C-610, Performance Bond.
Copyright© 2018 National Society of Professional Engineers, American Council of Engineering Companies, and American Society of Civil Engineers. All rights reserved.
Page lof4

The Contractor and Surety, jointly and severally, bind themselves, their heirs, executors, administrators, successors, and assigns to the Owner for the performance of the Construction Contract, which is incorporated herein by reference.
If the Contractor performs the Construction Contract, the Surety and the Contractor shall have no obligation under this Bond, except when applicable to participate in a conference as provided in Paragraph 3.
If there is no Owner Default under the Construction Contract, the Surety's obligation under this Bond will arise after:
The Owner first provides notice to the Contractor and the Surety that the Owner is considering declaring a Contractor Default. Such notice may indicate whether the Owner is requesting a conference among the Owner, Contractor, and Surety to discuss the Contractor's performance. If the Owner does not request a conference, the Surety may, within five (5) business days after receipt of the Owner's notice, request such a conference. If the Surety timely requests a conference, the Owner shall attend. Unless the Owner agrees otherwise, any conference requested under this Paragraph 3.1 will be held within ten (10) business days of the Surety's receipt of the Owner's notice. If the Owner, the Contractor, and the Surety agree, the Contractor shall be allowed a reasonable time to perform the Construction Contract, but such an agreement does not waive the Owner's right, if any, subsequently to declare a Contractor Default;
The Owner declares a Contractor Default, terminates the Construction Contract and notifies the Surety; and
The Owner has agreed to pay the Balance of the Contract Price in accordance with the terms of the Construction Contract to the Surety or to a contractor selected to perform the Construction Contract.
	Failure on the part of the Owner to comply with the notice requirement in Paragraph 3.1 does not constitute a failure to comply with a condition precedent to the Surety's obligations, or release the Surety from its obligations, except to the extent the Surety demonstrates actual prejudice.
	When the Owner has satisfied the conditions of Paragraph 3, the Surety shall promptly and at the Surety's expense take one of the following actions:
	Arrange for the Contractor, with the consent of the Owner, to perform and complete the Construction Contract;
Undertake to perform and complete the Construction Contract itself, through its agents or independent contractors;
Obtain bids or negotiated proposals from qualified contractors acceptable to the Owner for a contract for performance and completion of the Construction Contract, arrange for a contract to be prepared for execution by the Owner and a contractor selected with the Owners concurrence, to be secured with performance and payment bonds executed by a qualified surety equivalent to the bonds issued on the Construction Contract, and pay to the Owner the amount of damages as described in Paragraph 7 in excess of the Balance of the Contract Price incurred by the Owner as a result of the Contractor Default; or
Waive its right to perform and complete, arrange for completion, or obtain a new contractor, and with reasonable promptness under the circumstances:

EJcoc• C-610, Performance Bond.
Copyright102018 National Society of Professional Engineers, American Council of Engineering Companies, and American Society of Civil Engineers. All rights reserved.
Page2of4

OocuSign Envelope 10: C12O876B-600C-42B9-96OC-C13F059O97O7
Bond Number Assigned by Surety:	
1079201S2
	After investigation, determine the amount for which it may be liable to the Owner and, as soon as practicable after the amount is determined, make payment to the Owner; or
Deny liability in whole or in part and notify the Owner, citing the reasons for denial.
If the Surety does not proceed as provided in Paragraph 5 with reasonable promptness, the Surety shall be deemed to be in default on this Bond seven days after receipt of an additional written notice from the Owner to the Surety demanding that the Surety perform its obligations under this Bond, and the Owner shall be entitled to enforce any remedy available to the Owner. If the Surety proceeds as provided in Paragraph 5.4, and the Owner refuses the payment, or the Surety has denied liability, in whole or in part, without further notice, the Owner shall be entitled to enforce any remedy available to the Owner.
If the Surety elects to act under Paragraph 5.1, 5.2, or 5.3, then the responsibilities of the Surety to the Owner will not be greater than those of the Contractor under the Construction Contract, and the responsibilities of the Owner to the Surety will not be greater than those of the Owner under the Construction Contract. Subject to the commitment by the Owner to pay the Balance of the Contract Price, the Surety is obligated, without duplication for:
the responsibilities of the Contractor for correction of defective work and completion of the Construction Contract;
additional legal, design professional, and delay costs resulting from the Contractor's Default, and resulting from the actions or failure to act of the Surety under Paragraph S; and
liquidated damages, or if no liquidated damages are specified in the Construction Contract, actual damages caused by delayed performance or non-performance of the Contractor.
If the Surety elects to act under Paragraph 5.1, 5.3, or 5.4, the Surety's liability is limited to the amount of this Bond.
The Surety shall not be liable to the Owner or others for obligations of the Contractor that are unrelated to the Construction Contract, and the Balance of the Contract Price will not be reduced or set off on account of any such unrelated obligations. No right of action will accrue on this Bond to any person or entity other than the Owner or its heirs, executors, administrators, successors, and assigns.
The Surety hereby waives notice of any change, including changes of time, to the Construction Contract or to related subcontracts, purchase orders, and other obligations.
Any proceeding, legal or equitable, under this Bond must be instituted in any court of competent jurisdiction in the location in which the work or part of the work is located and must be instituted within two years after a declaration of Contractor Default or within two years after the Contractor ceased working or within two years after the Surety refuses or fails to perform its obligations under this Bond, whichever occurs first. If the provisions of this paragraph are void or prohibited by law, the minimum periods of limitations available to sureties as a defense in the jurisdiction of the suit will be applicable.
Notice to the Surety, the Owner, or the Contractor must be mailed or delivered to the address shown on the page on which their signature appears.
When this Bond has been furnished to comply with a statutory or other legal requirement in the location where the construction was to be performed, any provision in this Bond conflicting with said statutory or legal requirement will be deemed deleted therefrom and provisions conforming to such

EJCDC" C-610, Performance Bond.
Copyright'° 2018 National Society of Professional Engineers, American Council of Engineering Companies, and American Society of Civil Engineers. AH rights reserved.
Page3of4

DocuSign Envelope ID: C12O876B-6D0C-42B9-96DC-C13F059D97D7
Bond Number Assigned by Surety:	
107920152
statutory or other legal requirement will be deemed incorporated herein. When so furnished, the intent is that this Bond will be construed as a statutory bond and not as a common law bond.
Definitions
Balance of the Contract Price-Thetotal amount payable by the Owner to the Contractor under the Construction Contract after all proper adjustments have been made including allowance for the Contractor for any amounts received or to be received by the Owner in settlement of insurance or other claims for damages to which the Contractor is entitled, reduced by all valid and proper payments made to or on behalf of the Contractor under the Construction Contract.
Construction Contract-The agreement between the Owner and Contractor identified on the cover page, including all Contract Documents and changes made to the agreement and the Contract Documents.
Contractor Default-Failure of the Contractor, which has not been remedied or waived, to perform or otherwise to comply with a material term of the Construction Contract.
Owner Default-Failure of the Owner, which has not been remedied or waived, to pay the Contractor as required under the Construction Contract or to perform and complete or comply with the other material terms of the Construction Contract.
Contract Documents-All the documents that comprise the agreement between the Owner and Contractor.
If this Bond is issued for an agreement between a contractor and subcontractor, the term Contractor in this Bond will be deemed to be Subcontractor and the term Owner will bedeemed to be Contractor.
	Modifications to this Bond are as follows: This Bond is hereby amended so that the provisions and limitations of Section 25S.0S. including without limitation subsection (6) and the notice and time
llroitation provisions in subsections (2) and (10). or sections 713.23 and z13,24s, Florida statutes,
whichever are applicable, are incorporated by reference herein.

EJcoc• C-610, Performance Bond.
Copyright'° 2018 National Society of Professional Engineers, American Council of Engineering Companies, and American s«iety of Civil Engineers. All rights reserved.
Page4of4

DocuSign Envelope ID: C12D876B-6D0C-42B9-96DC-C13F059D97D7

Bond Number Assigned by Surety:
107920152

PAYMENT BOND

Contractor
Name: Ripa & Associates, LLC
Address (principal place of business):
1409 Tech Blvd., Suite 1
Tampa, FL 33619
Telephone Number: (813) 623-6777 Owner
Name: Villamar Community Development District

Mailing address (principal place of business):
219 East Livingston Street, Orlando, FL 32801

Telephone Number: (407) 841-5524

Surety
Name: Travelers Casualty and Surety Company of America
Address (principal place of business):
1 North Dale Mabry Highway, Suite 1005 Tampa, FL 33609
Telephone Number: (813) 890-4400 Contract
Description (name and location):
Villamar Community Development District, Master Infrastructure Improvements, Phase 7, Polk County, Florida
Contract Price:	$10,512,063.20

Effective Date of Contract:	January 8, 2024

Bond
Bond Amount:	$10,512,063.20
Date of Bond:	January 11, 2024
(Date of Bond cannot be earlier than Effective Date of Contract)
Modifications to this Bond form:
D None C8l See Paragraph 18
Surety and Contractor, intending to be legally bound hereby, subject to the terms set forth in this Payment Bond, do each cause this Payment Bond to be duly executed by an authorized officer, agent, or representative.
Contractor as Principal	Surety
Ripa & Associates, LLC	Travelers Casualty and Surety Comeany of America

I

(Full formal name of Contractor)	(Fullformal name of Surety) (corporate seal)
D+euNgMdby:	Do<	,,.

By:

 CCT1::::!.,1:f,:,	

By:

 V::f.e, =	 la;

-

(Signature)	(Signature){Attach Power of Attorney)
Name:  Chris Laface		Name: David B. Shick, Attorney-In-Fact &
(Printed or typed)	(Printed or typed)
Title:	 President		Title:	Licensed FL Resident Agent #A24ll76

Attest:

l,ori bf")III/Al,\,
	1472FE4281FS420	

Attest:

t-br
	A8D3494049714EF	

GDoeustQMdby:	Doc•Slgn.d by:
(Signature)	(Signature)
Name:  Lori Katzman		Name:  Melanie Braccia	
(Printed or typed)	(Printed or typed)
Title:	Witness	Title:	Witness
Notes: (1) Provide supplemental execution by any additional parties, such as joint venturers. (2) Any singular reference to Contractor, Surety, Owner, or other party is considered plural where applicable.
EJcoc• C-615, Payment Bond.
Copyrighte> 2018 National Society of Professional Engineers, American Council of Engineering Companies, and American s«iety of Civil Engineers. All rights reserved.
Page 1of4

The Contractor and Surety, jointly and severally, bind themselves, their heirs, executors, administrators, successors, and assigns to the Owner to pay for labor, materials, and equipment furnished for use in the performance of the Construction Contract, which is incorporated herein by reference, subject to the following terms.
If the Contractor promptly makes payment of all sums due to Claimants, and defends, indemnifies, and holds harmless the Owner from claims, demands, liens, or suits by any person or entity seeking payment for labor, materials, or equipment furnished for use in the performance of the Construction Contract, then the Surety and the Contractor shall have no obligation under this Bond.
If there is no Owner Default under the Construction Contract, the Surety's obligation to the Owner under this Bond will arise after the owner has promptly notified the Contractor and the Surety (at the address described in Paragraph 13) of claims, demands, liens, or suits against the Owner or the Owner's property by any person or entity seeking payment for labor, materials, or equipment furnished for use in the performance of the Construction Contract, and tendered defense of such claims, demands, liens, or suits to the Contractor and the Surety.
	When the Owner has satisfied the conditions in Paragraph 3, the Surety shall promptly and at the Surety's expense defend, indemnify, and hold harmless the Owner against a duly tendered claim, demand, lien, or suit.
The Surety's obligations to a Claimant under this Bond will arise after the following:
Claimants who do not have a direct contract with the Contractor
121..1. have furnished a written notice of non-payment to the Contractor, stating with substantial accuracy the amount claimed and the name of the party to whom the materials were, or equipment was, furnished or supplied or for whom the labor was done or performed, within ninety (90) days after having last performed labor or last furnished materials or equipment included in the Claim; and
121..2. have sent a Claim to the Surety (at the address described in Paragraph 13).
Claimants who are employed by or have a direct contract with the Contractor have sent a Claim to the Surety (at the address described in Paragraph 13).
If a notice of non-payment required by Paragraph 5.1.1is given by the Owner to the Contractor, that is sufficient to satisfy a Claimant's obligation to furnish a written notice of non-payment under Paragraph 5.1.1.
	When a Claimant has satisfied the conditions of Paragraph 5.1 or 5.2, whichever is applicable, the Surety shall promptly and at the Surety's expense take the following actions:
Send an answer to the Claimant, with a copy to the owner, within sixty (60) days after receipt of the Claim, stating the amounts that areundisputed and the basis for challenging any amounts that are disputed; and
Pay or arrange for payment of any undisputed amounts.
The Surety's failure to discharge its obligations under Paragraph 7.1 or 7.2 will not be deemed to constitute a waiver of defenses the Surety or Contractor may have or acquire as to a Claim, except as to undisputed amounts for which the Surety and Claimant have reached agreement. If, however, the Surety fails to discharge its obligations under Paragraph 7.1 or 7.2, the Surety shall indemnify the Claimant for the reasonable attorney's fees the Claimant incurs thereafter to recover any sums found to be due and owing to the Claimant.
EJCOC9 C-615, Payment Bond.
Copyright0 2018 National Society of Professional Engineers, American Council of Engineering Companies, and American Society of Civil Engineers. All rights reserved.
Page2of4

The Surety's total obligation will not exceed the amount of this Bond, plus the amount of reasonable attorney's fees provided under Paragraph 7.3, and the amount of this Bond will be credited for any payments made in good faith by the Surety.
Amounts owed by the Owner to the Contractor under the Construction Contract will be used for the performance of the Construction Contract and to satisfy claims, if any, under any construction performance bond. By the Contractor furnishing and the Owner accepting this Bond, they agree that all funds earned by the Contractor in the performance of the Construction Contract are dedicated to satisfying obligations of the Contractor and Surety under this Bond, subject to the Owner's priority to use the funds for the completion of the work.
The Surety shall not be liable to the Owner, Claimants, or others for obligations of the Contractor that are unrelated to the Construction Contract. The Owner shall not be liable for the payment of any costs or expenses of any Claimant under this Bond, and shall have under this Bond no obligation to make payments to or give notice on behalf of Claimants, or otherwise have any obligations to Claimants under this Bond.
The Surety hereby waives notice of any change, including changes of time, to the Construction Contract or to related subcontracts, purchase orders, and other obligations.
No suit or action will becommenced by a Claimant under this Bond other than in a court of competent jurisdiction in the state in which the project that is the subject of the Construction Contract is located or after the expiration of one year from the date (1) on which the Claimant sent a Claim to the Surety pursuant to Paragraph 5.1.2 or 5.2, or (2) on which the last labor or service was performed by anyone or the last materials or equipment were furnished by anyone under the Construction Contract, whichever of (1) or (2) first occurs. If the provisions of this paragraph are void or prohibited by law, the minimum period of limitation available to sureties as a defense in the jurisdiction of the suit will be applicable.
Notice and Claims to the Surety, the Owner, or the Contractor must be mailed or delivered to the address shown on the page on which their signature appears. Actual receipt of notice or Claims, however accomplished, will be sufficient compliance as of the date received.
When this Bond has been furnished to comply with a statutory or other legal requirement in the location where the construction was to be performed, any provision in this Bond conflicting with said statutory or legal requirement will be deemed deleted here from and provisions conforming to such statutory or other legal requirement will be deemed incorporated herein. When so furnished, the intent is that this Bond will be construed as a statutory bond and not as a common law bond.
Upon requests by any person or entity appearing to be a potential beneficiary of this Bond, the Contractor and Owner shall promptly furnish a copy of this Bond or shall permit a copy to be made.
Definitions
Claim-A written statement by the Claimant including at a minimum: 132..1. The name of the Claimant;
132..2. The name of the person for whom the labor was done, or materials or equipment furnished;
132..3. A copy of the agreement or purchase order pursuant to which labor, materials, or equipment was furnished for use in the performance of the Construction Contract;
132..4. A brief description of the labor, materials, or equipment furnished;

EJcoc• C-615, Payment Bond.
Copyright'° 2018 National Society of Professional Engineers, American Council of Engineering Companies, and American Society of Civil Engineers. All rights reserved.
Page3of4

132..5. The date on which the Claimant last performed labor or last furnished materials or equipment for use in the performance of the Construction Contract;
132..6. The total amount earned by the Claimant for labor, materials, or equipment furnished as of the date of the Claim;
132..7. The total amount of previous payments received by the Claimant; and
132..8. The total amount due and unpaid to the Claimant for labor, materials, or equipment furnished as of the date of the Claim.
Claimant-An individual or entity having a direct contract with the Contractor or with a subcontractor of the Contractor to furnish labor, materials, or equipment for use in the performance of the Construction Contract. The term Claimant also includes any individual or entity that has rightfully asserted a claim under an applicable mechanic's lien or similar statute against the real property upon which the Project is located. The intent of this Bond is to include without limitation in the terms of "labor, materials, or equipment" that part of the water, gas, power, light, heat, oil, gasoline, telephone service, or rental equipment used in the Construction Contract, architectural and engineering services required for performance of the work of the Contractor and the Contractor's subcontractors, and all other items for which a mechanic's lien may be asserted in the jurisdiction where the labor, materials, or equipment were furnished.
Construction Contract-The agreement between the Owner and Contractor identified on the cover page, including all Contract Documents and all changes made to the agreement and the Contract Documents.
Owner Default-Failure of the Owner, which has not been remedied or waived, to pay the Contractor as required under the Construction Contract or to perform and complete or comply with the other material terms of the Construction Contract.
Contract Documents-All the documents that comprise the agreement between the Owner and Contractor.
If this Bond is issued for an agreement between a contractor and subcontractor, the term Contractor in this Bond will be deemed to be Subcontractor and the term Owner will be deemed to be Contractor.
Modifications to this Bond are as follows: This Bond is hereby amended so that the provisions and limitations of Section 255.05. including without limitation subsection (6) and the notice and time limitation provisions in subsections (2) and (10), or Sections 713.23 and 713.245. Florida Statutes. whichever are applicable. are incorporated by reference herein.

EJcoce C-615, Pavment Bond.
CopyrlghtC> 2018 National Societv of Professional Engineers, American Council of Engineering Companies, and American Societv of Civil Engineers. All rights reseived.
Page4of4

DocuSign Envelope ID: C12D876B-6D0C-42B9-96DC-C13F059D97D7

Travelers Casualty and Surety Company of America Travelers Casualty and Surety Company
St. Paul Fire and Marine Insurance Company

TRAVELERSJ

POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS: Thal TraveleJS Casualty and Surety Company of Amelica, Travelers Casualty and St.-ety Compeny, and St. Paul Fire and Marine lnsi.ance Company are corporations duly organized under lhe laws of the State of Connecticut (herein collectively called lhe "Companies"), and that the Companies do hereby make, constitute and appont David B. Shick	of TAMPA	, Florida	, their true and lawful Attorney-in-Fact to sign, execute, seal end acknowledge any and BIi bonds, recognizances, conditional under1akings and other writings obligatory in the nature thereof on behalf of the Companies in their business of guaranteeing the noelity of persons, guar81'1teeing the perform1111Ce or contracls and execuling or guaranteeing bonds and tndertakings required or permmed in any actions or proceedings allowed by law.
IN WITNESS WHEREOF, the Companies have caused this instrument to be signed, and their corporate seals to be hereto affixed, this 3rd day of February,

2017.

State of Connecticut City of Hartford ss.

By:

Robert L. Raney, Setio'i- Vice President

On this the 3rd day of February, 2017, before me personally appeared Rob«t L. Ran•y, who acknowledged himself to be the Senior Vice President of
Travelers Casualty and Surety Company of America, Travelers Casualty and Surety Company, end St. Paul Fire and Marine Insurance Company, and that he, as such, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing on behalf of the corporations by himself as a duly eutholized officer.

In Witnen Whereof, I hereunto set my hand and official seal. My Commission expires lhe 3oth day of June. 2021
Marie C. Tetreault, Notary Public

This Power of Attorney is granted ooder and by the authority of lhe following resolulions adopted by the Boards of Directors of Travelers Casually and Surety Company of America, Travelers Casualty and Surety Company, and St. Paul Fire and Marine Insurance Company, which resolutions are now in full force and effect, reading as follows:
RESOLVED, that the Chairman, the President, any Vice Chairman, any Executive Vice President, any Senior Vice President, any Vice Presidenl, any Secon<I Vice Presi<lent, the Treasurer, any Assistant Treasurer, the Corporate Secretery or any Assistent Secretary msy appoint Attorneys-in-Fact and Agents to act for and on Dehalf or the Company and may giVe such appointee sueh authOltty as nis or ner cenmcate or authority may prescrlt>e to sign With the Company"s name and seal with lhe Company"s seal bonds, recognizances, contracts of indemnity, and other writings obligatory in the nature of a bond, recognizance, or conditional undertaking, ano any of said o1Ficers or the Board of Directors at any time may remove any such appointee and revoke the power given him or her; and it is
FURTHER RESOLVED, that the Chairman, the President, any Vice Chairman, any Executive Vice President, any Senior Vice President or any Vice President may delegate all or any part of the foregoing authority to one or more officers or employees of this Company, provided thal each such delegation is in writing and a copy thereof is filed in the office of the Secretary; and it is
FURTHER RESOLVED, that any bond, recognizance, contract of indemnity, or writing obligatory In the nature of a bond, recognizance, or conditional undertaking shall be valid and binding upon the Company when (a) signed by the President, any Vice Chairman, any Executive Vice President, any Senior Vice President or any Vice President, any Second Vice President, the Treasurer, any Assistant Treasurer, the Corporate Secretary or any Assistant Secrelary and duly attested and sealed with the Company's seal by a Secretary or Assistant Secretary; or (b) duly executed (under seal, if required) by one or more Attorneys-in-Fact and Agents pursuant to the power prescribed In his or her cerliflcate or their certlflcates of authority or by one or more Company officers pursuant to a written delegation of authority; and it is
FURTHER RESOLVED, that the signature of each of the following officers: President, any E><eculive Vice President, any Senior Vice President, any Vice President, any Assistant Vice President, any Secretary, any Assistant Secretary, and the seal of the Company may De affixed by facsimile to any Power of Attorney or to any cer1iFicate relating thereto appointing Resident Vice Presidents, Resident Assistant Secretaries or Attorneys-in-Fact for purposes only of executing and attesting t>onds and undertakings and other Wf'ttings obligatory in the nature thef'eof, and any such Power of Attorney or certiFicate bearing such facsimle signature or facsimile seal shall De valid and l:ltndlng upon the Company and any such power so executed and cer1Ifled by such facsimile signature and facsimile seal shall be valid and binding on the Company in the future with respect to any bond or understanding lo which it is attached.

I, Kevin E. Hughes, the undersigned, Assistant Secretary of Travelers Casualty and Surely Company of America. Travelers Casualty and Surety Company, and St. Paul Fire and Marine Insurance Company, do hereby certify that the above and foregoing is a true and correct copy of the Power of Attorney executed by said Companies, which remains in II.II force and effect.

Dated this   11    day of  January	2024
To verlFy th. .,,,,,_,tldty oFtln Power oFAttorney,,,,	a,// u, lit 1-800-421-3IJIIO.
,,,_,..,_.to theilbore-tllllll«IAttomey-ln-FM:t and the detM/s oFthe bond to whldl the power Is llttJKh«I.

Section XIV

Section C

Item will be provided under separate cover.

Section D

Section 1

VillaMar
Community Development District

Summary of Check Register

FY2024

Bank	Date	Check No.'s	Amount	

General Fund	
12/1-12/31	
615-629	
$	229,603.40	

Capital Projects Fund	
12/1-12/31	
176-213	
$	2,894,764.60	
		Total Amount	$	3,124,368.00	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER
*** CHECK DATES 12/01/2023 - 12/31/2023 ***	VILLAMAR CDD - GENERAL FUND
BANK A VILLAMAR CDD

CHECK REGISTER	RUN	1/24/24	

STATUS		
AMOUNT	
*		450.00	
*		300.00	
*		100.00	

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME

PAGE	1

....CHECK.....

DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#
12/01/23 00034 11/17/23 11159	202311 330-53800-48500
JANITORIAL SVCS - NOV 23 11/17/23 11159	202311 330-53800-48500
TRASH COLLECT - NOV 23 11/17/23 11159	202311 330-53800-48500
TRASH MAIL COLLECT- NOV23
CSS CLEAN STAR SERVICES CENTRAL FL	850.00 000615
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/01/23 00039 11/19/23 7989	202310 310-51300-31500	*	930.00
GENERAL COUNSEL - OCT 23
KILINSKI / VAN WYK, PLLC	930.00 000616
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/01/23 00045 12/01/23 21307	202312 330-53800-48100	*	2,730.00
POOL MAINTENANCE - DEC 23
RESORT POOL SERVICES DBA	2,730.00 000617
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/06/23 00054 11/30/23 00060626 202311 310-51300-48000	*	320.93
NOT OF 12/5/23 MEETING
GANNETT FLORIDA LOCALIQ	320.93 000618
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/15/23 00047 12/05/23 EL120520 202312 310-51300-11000	*	200.00
SUPERVISOR FEES 12/05/23
ERIC LAVOIE	200.00 000619

12/15/23 00009	10/31/23	
	12/01/23	
	12/01/23	
	12/01/23	
	12/01/23	
	12/01/23	
	12/01/23	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
231	202310 320-53800-47400	*	1,906.40
BARBWIRE/SIGNS/FALL CLEAN
233	202312 310-51300-34000	*	3,541.67
MANAGEMENT FEES - DEC 23
233	202312 310-51300-35200	*	100.00
WEBSITE ADMIN - DEC 23
233	202312 310-51300-35100	*	150.00
INFORMATION TECH - DEC 23
233	202312 310-51300-31300	*	750.00
DISSEMINATION - DEC 23
233	202312 330-57200-12000	*	625.00
AMENITY ACCESS - DEC 23
233	202312 310-51300-51000	*	3.49
OFFICE SUPPLIES
12/01/23 233	202312 310-51300-42000	*	96.53
POSTAGE
12/01/23 234	202312 320-53800-12000	*	1,378.17
FIELD MANAGEMENT - DEC 23
GOVERNMENTAL MANAGEMENT SERVICES	8,551.26 000620
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/15/23 00008 12/05/23 LS120520 202312 310-51300-11000	*	200.00
SUPERVISOR FEES 12/05/23
LAUREN SCHWENK	200.00 000621
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
VMCD VILLAMAR CDD	PPOWERS

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	1/24/24	PAGE	2
*** CHECK DATES 12/01/2023 - 12/31/2023 ***	VILLAMAR CDD - GENERAL FUND
BANK A VILLAMAR CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
12/15/23 00004 12/05/23 RH120520 202312 310-51300-11000	*	200.00
SUPERVISOR FEES 12/05/23
RENNIE HEATH	200.00 000622
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/15/23 00027 12/14/23 01012023 202312 300-15500-10000	*	1,396.07
POOL/FUR LEASE - JAN 23
12/14/23 01012024 202312 300-15500-10000	*	1,078.86
PLAYGRND/FUR LEASE- JAN24
WHFS, LLC	2,474.93 000623

12/19/23 00014	12/15/23	
	12/15/23	
	12/15/23	
	12/15/23	
	12/15/23	
	12/15/23	
	12/15/23	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12152023 202312 300-20700-10000	*	1,002.36
FY2023 DEBT SERVICE 2019
12152023 202312 300-20700-10000	*	916.18
FY2023 DEBT SERVICE 2020
12152023 202312 300-20700-10000	*	432.96
FY2023 DEBT SERV 2022 PH3
12152023 202312 300-20700-10000	*	67,820.08
FY2024 DEBT SERVICE 2019
12152023 202312 300-20700-10000	*	61,989.56
FY2024 DEBT SERVICE 2020
12152023 202312 300-20700-10000	*	27,725.16
FY2024 DEBT SERV 2022 PH3
12152023 202312 300-20700-10000	*	41,963.43
FY2024 DEBT SERV 2022 PH4
VILLAMAR CDD C/O USBANK	201,849.73 000624
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/22/23 00048 12/08/23 107055	202312 320-53800-34500	*	727.37
SECURITY SYSTEM EQUIPMENT
CURRENT DEMANDS ELECTRICAL &	727.37 000625
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/22/23 00039 12/15/23 8261	202311 310-51300-31500	*	1,732.18
GENERAL COUNSEL - NOV 23
KILINSKI / VAN WYK, PLLC	1,732.18 000626
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/22/23 00043 12/07/23 56068335 202312 330-57200-48100	*	50.00
PEST CONTROL - DEC 23
MASSEY SERVICES INC.	50.00 000627
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/22/23 00015 12/01/23 11051	202312 320-53800-46200	*	7,075.00
LANDSCAPE MAINT - DEC 23
PRINCE & SONS INC.	7,075.00 000628
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/22/23 00041 12/08/23 PSI03631 202312 320-53800-47000	*	856.00
POND MAINTENANCE - DEC 23
12/11/23 PSI03631 202311 320-53800-47000	*	856.00
POND MAINTENANCE - NOV 23
SOLITUDE LAKE MANAGEMENT SERVICES	1,712.00 000629
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	229,603.40 VMCD VILLAMAR CDD	PPOWERS

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	1/24/24	PAGE	3
*** CHECK DATES 12/01/2023 - 12/31/2023 ***	VILLAMAR CDD - GENERAL FUND
BANK A VILLAMAR CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#

TOTAL FOR REGISTER	229,603.40

VMCD VILLAMAR CDD	PPOWERS

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	1/24/24	PAGE	1
*** CHECK DATES 12/01/2023 - 12/31/2023 ***	VILLAMAR CDD - SER19 CAPITAL
BANK B VILLAMAR CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
12/21/23 00036	3/15/23 49959A	202311 600-20700-10100	V	2,561.60-
035 FR#10A
IMPERIAL TESTING & ENGINEERING, INC	2,561.60-000176
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/01/23 00008 10/17/23 PO#14B	202311 600-20700-10100	*	9,712.57
035 PH6 FR#12B
CORE & MAIN LP	9,712.57 000187
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/01/23 00035	7/10/23 7049	202311 600-20700-10100	*	93.00
033 FR#37
KILINSKI/VAN WYK, PLLC	93.00 000188
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/01/23 00004 10/25/23 87161	202311 600-53800-60000	*	508,504.79
031 FR#24
10/25/23 87163B	202311 600-20700-10100	*	411,977.17
035 PH6 FR#12B
TUCKER PAVING INC	920,481.96 000189
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/01/23 00012 10/30/23 1819B	202311 600-20700-10100	*	781.07
035 PH6 FR#12B
WOOD & ASSOCIATES ENGINEERING	781.07 000190
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/07/23 00025 11/09/23 3403594A 202312 600-20700-10100	*	36,616.13
035 PH6 FR#13A
HUB INTERNATIONAL MIDWEST WEST	36,616.13 000191
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/07/23 00035	9/25/23 7497	202309 600-53800-60000	*	852.45
031 PH1&2 FR#23
KILINSKI/VAN WYK, PLLC	852.45 000192
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/07/23 00040 11/06/23 11339	202312 600-20700-10100	*	2,508.00

STEWART & ASSOCIATES PROPERTY SVC		
- - - - - - - - - - - - - - - - - - - - - - - -	-	-	-	-	-	-	-	-	-	- - - -	

034 PH5 FR#21

- - - - - - - - - - - - - - - - - - - -
12/07/23 00012 10/30/23 1804A	202312
035 PH6 FR#13A
10/30/23 1818A	202312
035 PH6 FR#13A

2,508.00 000193

600-20700-10100	*	4,833.89	
600-20700-10100	*	13,582.85	

- - - - - - - - -

WOOD & ASSOCIATES ENGINEERING	18,416.74 000194

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/15/23 00039 11/27/23 PO#15	202312 600-20700-10100	*	55,924.67
035 FR#14A
AJAX PAVING INDUSTRIES OF FLORIDA	55,924.67 000195
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/15/23 00008 10/06/23 PO#14	202312 600-20700-10100	*	20,442.67
035 FR#9B
CORE & MAIN LP	20,442.67 000196
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
VMCD VILLAMAR CDD	PPOWERS

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	1/24/24	PAGE	2
*** CHECK DATES 12/01/2023 - 12/31/2023 ***	VILLAMAR CDD - SER19 CAPITAL
BANK B VILLAMAR CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
12/15/23 00036	3/15/23 49959B	202312 600-20700-10100	*	962.40
035 FR#10B
IMPERIAL TESTING & ENGINEERING, INC	962.40 000197
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/15/23 00035	9/25/23 7500B	202312 600-20700-10100	*	51.21

KILINSKI/VAN WYK, PLLC
- - - - - - - - - - - - - - - - - - - - - - - - -	-	- -
*	-	-	-	-	
- - - - - 122,801.64	
TAMPA ELECTRIC COMPANY
- - - - - - - - - - - - - - - - - -	
-	
-	
-	
-	
-	
-	
-	
-	
- -	
-	
-	
-	
-	
- - - - -	

035 FR#8B

- - - - - - - - - - - - - - - - - - - -
12/15/23 00038	9/14/23 20231939 202312 600-20700-10100
035 FR#6B
- - - - - - - - - - - - - - - - - - - -
12/15/23 00004	9/25/23 78135B	202312 600-20700-10100
035 FR#6B
11/25/23 87197	202312 600-53800-60000
031 FR#25
- - - - - - - - - - - - - - - - - - - -
12/15/23 00037	9/26/23 PO#11B	202312 600-20700-10100
035 FR#7B

51.21 000198
- - - - - - - - -

122,801.64 000199

	*						364,226.28	
	*						453,895.64	
TUCKER PAVING INC
- - - - - - - - - - - - - - - - - -	
-	
-	
-	
-	
-	
-	
-	
-	
- -		
-	
-	
-	
-	
- - - - -	
		*						10,681.16	
XYLEM WATER SOLUTIONS U.S.A., INC.	

- - - - - - - - -

818,121.92 000200
- - - - - - - - -

10,681.16 000201

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/19/23 00008 11/20/23 PO#14A	202312 600-20700-10100	*	12,791.38
035 FR#15A
11/20/23 11202023 202312 600-20700-10100	*	6,059.88
035 FR#15A
CORE & MAIN LP	18,851.26 000202
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/19/23 00041 11/20/23 PO#12A	202312 600-20700-10100	*	11,418.87
035 FR#15A
DATA FLOW SYSTEMS, INC.	11,418.87 000203
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/19/23 00034 11/20/23 PO#07A	202312 600-20700-10100	*	3,198.36

OLDCASTLE INFRASTRUCTURE
- - - - - - - - - - - - - - - - - - - - - - - - - -	- -
*		-	-	-	-	
- - - - - 573,223.83	
TUCKER PAVING INC
- - - - - - - - - - - - - - - - - - -	
-	
-	
-	
-	
-	
-	
-	
- -		
-	
-	
-	
-	
- - - - -	
	*						21,011.18	

035 FR#15A

- - - - - - - - - - - - - - - - - - - -
12/19/23 00004 11/25/23 87199A	202312 600-20700-10100
035 FR#15A
- - - - - - - - - - - - - - - - - - - -
12/21/23 00039 11/27/23 PO#15B	202312 600-20700-10100
035 PH6 FR#14B
- - - - - - - - - - - - - - - - - - - -
12/21/23 00008 11/20/23 T901745B 202312 600-20700-10100	*
035 P6 FR#15B

3,198.36 000204
- - - - - - - - -

573,223.83 000205
- - - - - - - - -

AJAX PAVING INDUSTRIES OF FLORIDA		
- - - - - - - - - - - - - - - - - - - - - - - -	-	-	- -		-	-	-	-	- - - - -	
		2,276.73	

21,011.18 000206
- - - - - - - - -

VMCD VILLAMAR CDD	PPOWERS

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	1/24/24	PAGE	3
*** CHECK DATES 12/01/2023 - 12/31/2023 ***	VILLAMAR CDD - SER19 CAPITAL
BANK B VILLAMAR CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
11/20/23 T923542B 202312 600-20700-10100	*	4,805.79
035 PH6 FR#15B
CORE & MAIN LP	7,082.52 000207
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/21/23 00041 11/20/23 PO#12B	202312 600-20700-10100	*	4,290.13
035 PH6 FR#15B
DATA FLOW SYSTEMS, INC.	4,290.13 000208
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/21/23 00025 11/09/23 3403594B 202312 600-20700-10100	*	13,756.87
035 PH6 FR#13B
HUB INTERNATIONAL MIDWEST WEST	13,756.87 000209
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/21/23 00034 11/20/23 PO#7B	202312 600-20700-10100	*	1,201.64
035 PH6 FR#15B
OLDCASTLE INFRASTRUCTURE	1,201.64 000210
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/21/23 00004 11/25/23 87199B	202312 600-20700-10100	*	215,363.09
035 PH6 FR#15B
TUCKER PAVING INC	215,363.09 000211
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/21/23 00012 10/30/23 1804B	202312 600-20700-10100	*	1,816.11
035 PH6 FR#13B
10/30/23 1818B	202312 600-20700-10100	*	5,103.15
035 PH6 FR#13B
WOOD & ASSOCIATES ENGINEERING	6,919.26 000212
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/22/23 00026 12/21/23 12212023 202312 600-20700-10300	*	2,561.60
RETURN FD FR#10A
VMAR DEV, LLC	2,561.60 000213
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK B	2,894,764.60
TOTAL FOR REGISTER	2,894,764.60

VMCD VILLAMAR CDD	PPOWERS

Section 2

VillaMar
Community Development District

Unaudited Financial Reporting
December 31, 2023

Table of Contents

1

2-3

4

5

6

7

8

9

10

11-12

13

	Balance Sheet

	General Fund

	Capital Reserve Fund

	Debt Service Fund Series 2019

	Debt Service Fund Series 2020

	Debt Service Fund Series 2022A3

	Debt Service Fund Series 2022A4

	Debt Service Fund Series 2023A5

	Combined Capital Project Funds

	Month to Month

	Long Term Debt Report

14		Assessment Receipt Schedule

Combined Balance Sheet December 31, 2023

General
Fund

Debt Service
Fund

Capital Projects
Fund

Totals
Governmental Funds

Assets:
Cash:
Operating Account Capital Projects Account
Investments:

$	1,493,482	$
$	-	$

-	$	-
-	$	655

$	1,493,482
$	655

Series 2019
Reserve	
$	
-	$	204,442	
$	
-	$	204,442	
Revenue	$	-	$	94,669	$	-	$	94,669	
Prepayment Series 2020
Reserve	$

$	-	$	1,596

-	$	184,450	$

$	-	$	1,596

-	$	184,450	
Revenue Series 2022 A3
Reserve	$

$	-	$	89,417

-	$	77,500	$

$	-	$	89,417

-	$	77,500	
Revenue	$	-	$	36,836	$	-	$	36,836	
Prepayment	$	-	$	79,773	$	-	$	79,773	
Construction Series 2022 A4	$	-	$	-	$	8	$	8	
Reserve	$	-	$	125,045	$	-	$	125,045	
Revenue	$	-	$	58,482	$	-	$	58,482	
Series 2023 A5 Reserve	
$	
-	$	553,728	$	-	
$	553,728	
Revenue	$	-	$	15,822	$	-	$	15,822	
Construction	$	-	$	-	$	495	$	495	
Cost of Issuance	$	-	$	-	$	106	$	106	
Due from Developer	$	-	$	-	$	87,871	$	87,871	
Due from General Fund	$	-	$	868,954	$	-	$	868,954	
Prepaid Expenses	$	2,475	$	-	$	-	$	2,475	
Total Assets	$	1,495,957	$	2,390,713	$	89,134	$	3,975,804	
Liabilities:
Accounts Payable	

$	16,684	

$	

-	$	-	

$	16,684	
Contracts Payable	$	-	$	-	$	86,100	$	86,100	
Due to Debt Service	$	868,954	$	-	$	-	$	868,954	
Total Liabilites	$	885,638	$	-	$	86,100	$	971,738	
Fund Balance:
Nonspendable:
Prepaid Items	$	2,475	

$	

-	$	-	

$	2,475	
Restricted for:
Debt Service - Series 2019	
$	
-	$	596,111	$	-	
$	596,111	
Debt Service - Series 2020	$	-	$	543,874	$	-	$	543,874	
Debt Service - Series 2022 A3	$	-	$	314,871	$	-	$	314,871	
Debt Service - Series 2022 A4	$	-	$	366,307	$	-	$	366,307	
Debt Service - Series 2023 A5	$	-	$	569,550	$	-	$	569,550	
Capital Projects - Series 2019	$	-	$	-	$	2,784	$	2,784	
Capital Projects - Series 2020	$	-	$	-	$	-	$	-	
Capital Projects - Series 2022 A3	$	-	$	-	$	(349)	$	(349)	
Capital Projects - Series 2022 A4	$	-	$	-	$	-	$	-	
Capital Projects - Series 2023 A5	$	-	$	-	$	601	$	601	
Unassigned	$	607,843	$	-	$	-	$	607,843	
Total Fund Balances	$	610,318	$	2,390,713	$	3,035	$	3,004,066	
					
Total Liabilities & Fund Balance	$	1,495,957	$	2,390,713	$	89,134	$	3,975,804	

Adopted	Prorated Budget	Actual	
Budget	Thru 12/31/23	Thru 12/31/23	Variance	

Revenues:		
Assessments - Tax Roll	$	672,192	$	604,700	$	604,700	$	-	
Assessments - Direct Bill	$	143,837	$	71,919	$	71,919	$	-	
Total Revenues	$	816,029	$	676,619	$	676,619	$	-	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	3,000	$	1,400	$	1,600	
Engineering	$	7,500	$	1,875	$	-	$	1,875	
Attorney	$	30,000	$	7,500	$	2,662	$	4,838	
Annual Audit	$	5,000	$	-	$	-	$	-	
Assessment Administration	$	7,500	$	7,500	$	7,500	$	-	
Arbitrage	$	2,250	$	-	$	-	$	-	
Dissemination	$	9,000	$	2,250	$	2,750	$	(500)	
Trustee Fees	$	19,880	$	4,041	$	4,041	$	-	
Management Fees	$	42,500	$	10,625	$	10,625	$	(0)	
Information Technology	$	1,800	$	450	$	450	$	-	
Website Maintenance	$	1,200	$	300	$	300	$	-	
Postage & Delivery	$	1,500	$	375	$	269	$	106	
Insurance	$	6,886	$	6,886	$	5,988	$	898	
Printing & Binding	$	1,000	$	250	$	3	$	247	
Legal Advertising	$	10,000	$	2,500	$	1,358	$	1,142	
Other Current Charges	$	1,500	$	375	$	247	$	128	
Office Supplies	$	500	$	125	$	11	$	114	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative	$	160,191	$	48,227	$	37,778	$	10,448	

Adopted	Prorated Budget	Actual	
Budget	Thru 12/31/23	Thru 12/31/23	Variance	

Operations & Maintenance		
Field Expenditures
Property Insurance	
$	15,000	
$	15,000	
$	10,856	
$	4,144	
Field Management	$	16,538	$	4,134	$	4,135	$	(0)	
Landscape Maintenance	$	130,000	$	32,500	$	21,225	$	11,275	
Landscape Replacement	$	22,500	$	5,625	$	1,655	$	3,970	
Pond Maintenance	$	17,000	$	4,250	$	2,568	$	1,682	
Streetlights	$	166,320	$	41,580	$	33,967	$	7,613	
Electric	$	3,000	$	750	$	97	$	653	
Water & Sewer	$	30,000	$	7,500	$	4,901	$	2,599	
Sidewalk & Asphalt Maintenance	$	2,500	$	625	$	-	$	625	
Irrigation Repairs	$	10,000	$	2,500	$	43	$	2,457	
General Repairs & Maintenance	$	20,000	$	5,000	$	5,691	$	(691)	
Contingency	$	7,500	$	7,500	$	24,565	$	(17,065)	
Subtotal Field Expenditures	$	440,358	$	126,964	$	109,702	$	17,262	

Amenity Expenditures
Amenity - Electric	

$	18,000	

$	4,500	

$	3,845	

$	655	
Amenity - Water	$	20,000	$	5,000	$	2,666	$	2,334	
Playground & Furniture Lease	$	35,000	$	8,750	$	7,425	$	1,325	
Internet	$	3,000	$	750	$	529	$	221	
Pest Control	$	630	$	158	$	150	$	8	
Janitorial Services	$	10,700	$	2,675	$	2,550	$	125	
Security Services	$	33,800	$	8,450	$	5,909	$	2,541	
Pool Maintenance	$	30,000	$	7,500	$	8,190	$	(690)	
Amenity Access Management	$	7,500	$	1,875	$	1,875	$	-	
Amenity Repairs & Maintenance	$	10,000	$	2,500	$	1,570	$	930	
Contingency	$	7,500	$	1,875	$	-	$	1,875	
Subtotal Amenity Expenditures	$	176,130	$	44,033	$	34,709	$	9,324	
					
Total Operations & Maintenance	$	616,488	$	170,997	$	144,411	$	26,586	

Other Financing Uses:					
Capital Reserve Transfer	$	39,350	$	-	$	-	$	-	
Total Other Financing Uses	$	39,350	$	-	$	-	$	-	
					
Total Expenditures & Other Financing Uses	$	816,029	$	219,224	$	182,189	$	37,034	
					
Net Change in Fund Balance	$	-		$	494,429		
					
Fund Balance - Beginning	$	-		$	115,889		
					
Fund Balance - Ending	$	-		$	610,318		

VillaMar
Community Development District Capital Reserve Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending December 31, 2023

	Adopted		Prorated Budget		Actual		
	Budget		Thru 12/31/23		Thru 12/31/23		Variance		

Revenues:

Transfer In	

$	39,350	

$		

-	$		

-	$		

-	
Total Revenues	$	39,350	$		-  $		-  $		-	

Expenditures:									
Contingency	$	600	$		-	$		-	$		-	
Total Expenditures	$	600	$		-  $		-  $		-	
									
Net Change in Fund Balance	$	38,750			$		-			
									
Fund Balance - Beginning	$	-			$		-			
									
Fund Balance - Ending	$	38,750			$		-			

Revenues:		
Assessments - Tax Roll	$	403,763	$	363,224	$	363,224	$	-	
Interest	$	-	$	-	$	4,012	$	4,012	
Total Revenues	$	403,763	$	363,224	$	367,236	$	4,012	

Expenditures:					
Interest - 11/1	$	142,588	$	142,588	$	142,588	$	-	
Principal - 5/1	$	120,000	$	-	$	-	$	-	
Interest - 5/1	$	142,588	$	-	$	-	$	-	
Total Expenditures	$	405,175	$	142,588	$	142,588	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(1,413)		$	224,649		
					
Fund Balance - Beginning	$	164,293		$	371,462		
					
Fund Balance - Ending	$	162,881		$	596,111		

Revenues:					
Assessments - Tax Roll	$	369,050	$	331,997	$	331,997	$	-	
Interest	$	-	$	-	$	3,550	$	3,550	
Total Revenues	$	369,050	$	331,997	$	335,548	$	3,550	

Expenditures:					
Interest - 11/1	$	117,588	$	117,588	$	117,588	$	-	
Principal - 5/1	$	135,000	$	-	$	-	$	-	
Interest - 5/1	$	117,588	$	-	$	-	$	-	
Total Expenditures	$	370,175	$	117,588	$	117,588	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(1,125)		$	217,960		
					
Fund Balance - Beginning	$	138,818		$	325,914		
					
Fund Balance - Ending	$	137,693		$	543,874		

Revenues:					
Assessments - Tax Roll	$	165,060	$	148,488	$	148,488	$	-	
Assessments - Prepayments	$	-	$	-	$	78,078	$	78,078	
Interest	$	-	$	-	$	3,747	$	3,747	
Total Revenues	$	165,060	$	148,488	$	230,313	$	81,825	

Expenditures:					
Interest - 11/1	$	53,878	$	53,878	$	53,878	$	-	
Principal - 11/1	$	60,000	$	60,000	$	60,000	$	-	
Special Call - 11/1	$	-	$	-	$	190,000	$	(190,000)	
Interest - 5/1	$	52,941	$	-	$	-	$	-	
Total Expenditures	$	166,819	$	113,878	$	303,878	$	(190,000)	
					
Excess (Deficiency) of Revenues over Expenditures	$	(1,759)		$	(73,565)		
					
Fund Balance - Beginning	$	140,143		$	388,436		
					
Fund Balance - Ending	$	138,384		$	314,871		

Revenues:					
Assessments - Tax Roll	$	249,825	$	224,743	$	224,743	$	-	
Interest	$	-	$	-	$	2,419	$	2,419	
Total Revenues	$	249,825	$	224,743	$	227,162	$	2,419	

Expenditures:					
Interest - 11/1	$	83,325	$	83,325	$	83,325	$	-	
Principal - 5/1	$	80,000	$	-	$	-	$	-	
Interest - 5/1	$	83,325	$	-	$	-	$	-	
Total Expenditures	$	246,650	$	83,325	$	83,325	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	3,175		$	143,837		
					
Fund Balance - Beginning	$	94,983		$	222,470		
					
Fund Balance - Ending	$	98,158		$	366,307		

Revenues:					
Assessments - Direct	$	553,728	$	-	$	-	$	-	
Interest	$	-	$	-	$	8,359	$	8,359	
Total Revenues	$	553,728	$	-	$	8,359	$	8,359	

Expenditures:					
Interest - 11/1	$	168,198	$	168,198	$	168,198	$	-	
Principal - 5/1	$	110,000	$	-	$	-	$	-	
Interest - 5/1	$	222,616	$	-	$	-	$	-	
Total Expenditures	$	500,814	$	168,198	$	168,198	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	52,914		$	(159,840)		
					
Fund Balance - Beginning	$	170,598		$	729,389		
					
Fund Balance - Ending	$	223,513		$	569,550		

VillaMar
Community Development District Combined Capital Project Funds
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending December 31, 2023

	Series	Series	Series	Series	Series		
	2019 A1	2020 A2	2022 A3	2022 A4	2023 A5	Total	
Revenues							
Developer Contributions	$	965,382	$		-	$	-	$	-	$	3,217,831	$	4,183,213	
Interest	$	-	$		-	$	0	$	2,508	$	3,552	$	6,060	
Total Revenues	$	965,382	$		-	$	0	$	2,508	$	3,221,383	$	4,189,273	

Expenditures:							
Bank Fees	$	115	$		-	$	-	$	-	$	-	$	115	
Capital Outlay	$	962,400	$		-	$	-	$	2,508	$	2,612,975	$	3,577,883	
Total Expenditures	$	962,515	$		-	$	-	$	2,508	$	2,612,975	$	3,577,998	
							
Excess (Deficiency) of Revenues over Expenditures	$	2,866	$		-	$	0	$	-	$	608,408	$	611,275	

Other Financing Sources/(Uses)							
Transfer In/(Out)	$	-	$		-	$	-	$	-	$	-	$	-	
Total Other Financing Sources (Uses)	$	-	$		-	$	-	$	-	$	-	$	-	
							
Net Change in Fund Balance	$	2,866	$		-	$	0	$	-	$	608,408	$	611,275	
							
Fund Balance - Beginning	$	(83)  $		-	$	(349)	$	-	$	(607,807)	$	(608,240)	
							
Fund Balance - Ending	$	2,784	$		-	$	(349)	$	-	$	601	$	3,035	

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total

Revenues:

Assessments - Tax Roll	$	-	$	-	$	604,700	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	604,700	
Assessments - Direct Bill	$	71,919	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	71,919	
Total Revenues	$	71,919	$	-	$	604,700	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	676,619	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	-	$	800	$	600	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,400	
Engineering	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Attorney	$	918	$	1,744	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	2,662	
Annual Audit	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Assessment Administration	$	7,500	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	7,500	
Arbitrage	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Dissemination	$	1,250	$	750	$	750	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	2,750	
Trustee Fees	$	-	$	-	$	4,041	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	4,041	
Management Fees	$	3,542	$	3,542	$	3,542	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	10,625	
Information Technology	$	150	$	150	$	150	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	450	
Website Maintenance	$	100	$	100	$	100	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	300	
Postage & Delivery	$	88	$	85	$	97	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	269	
Insurance	$	5,988	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	5,988	
Printing & Binding	$	-	$	3	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	3	
Legal Advertising	$	1,037	$	321	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,358	
Other Current Charges	$	39	$	135	$	74	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	247	
Office Supplies	$	4	$	4	$	3	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	11	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	175	
Total General & Administrative	$	20,789	$	7,633	$	9,356	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	37,778	

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total

Operations & Maintenance

Field Expenditures Property Insurance Field Management Landscape Maintenance Landscape Replacement Pond Maintenance Streetlights
Electric
Water & Sewer
Sidewalk & Asphalt Maintenance Irrigation Repairs
General Repairs & Maintenance Contingency

$	10,856  $
$	1,378  $
$	7,075  $
$	-  $
$	856  $
$	11,355  $
$	33  $
$	1,574  $
$	-  $
$	43  $
$	-  $
$	22,115  $

-  $
1,378  $
7,075  $
-  $
856  $
11,289  $
35  $
1,812  $
-  $
-  $
5,691  $
-  $

-  $	-  $
1,378  $	-  $
7,075  $	-  $
1,655  $	-  $
856  $	-  $
11,322  $	-  $
30  $	-  $
1,515  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
2,450  $	-  $

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

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

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

-  $	10,856
-  $	4,135
-  $	21,225
-  $	1,655
-  $	2,568
-  $	33,967
-  $	97
-  $	4,901
-  $	-
-  $	43
-  $	5,691
-  $	24,565

Subtotal Field Expenditures	$	55,285  $	28,137  $	26,281  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	109,702

Amenity Expenditures Amenity - Electric Amenity - Water
Playground & Furniture Lease Internet
Pest Control Janitorial Services Security Services Pool Maintenance
Amenity Access Management Amenity Repairs & Maintenance Contingency

$	1,242  $
$	880  $
$	2,475  $
$	176  $
$	50  $
$	850  $
$	2,847  $
$	2,730  $
$	625  $
$	-  $
$	-  $

1,341  $
968  $
2,475  $
176  $
50  $
850  $
2,324  $
2,730  $
625  $
1,570  $
-  $

1,262  $	-  $
819  $	-  $
2,475  $	-  $
176  $	-  $
50  $	-  $
850  $	-  $
737  $	-  $
2,730  $	-  $
625  $	-  $
-  $	-  $
-  $	-  $

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

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

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

-  $	3,845
-  $	2,666
-  $	7,425
-  $	529
-  $	150
-  $	2,550
-  $	5,909
-  $	8,190
-  $	1,875
-  $	1,570
-  $	-

Other Financing Uses:

Capital Reserve Transfer

$

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-

Net Change in Fund Balance	$	(16,031)  $	(48,879)  $	559,340  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	494,429

Total Expenditures & Other Financing Uses	$	87,950  $	48,879  $	45,360  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	182,189

Total Other Financing Uses	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-

Total Operations & Maintenance	$	67,160  $	41,246  $	36,004  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	144,411

Subtotal Amenity Expenditures	$	11,875  $	13,110  $	9,724  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	34,709

VillaMar
Community Development District Long Term Debt Report

SERIES 2019, SPECIAL ASSESSMENT REVENUE BONDS AREA 1	
INTEREST RATE:	3.750%, 4.000%, 4.625%, 4.875%	
MATURITY DATE:	5/1/2050	
RESERVE FUND DEFINITION	50% MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$201,917	
RESERVE FUND BALANCE	$204,442	
BONDS OUTSTANDING - 06/25/19	$7,180,000	
LESS: SPECIAL CALL - 08/01/20	($290,000)	
LESS: SPECIAL CALL - 11/1/20	($280,000)	
LESS: SPECIAL CALL - 2/1/21	($45,000)	
LESS: PRINCIPAL PAYMENT - 5/1/21	($110,000)	
LESS: SPECIAL CALL - 5/1/21	($30,000)	
LESS: SPECIAL CALL - 8/1/21	($65,000)	
LESS: SPECIAL CALL - 11/1/21	($20,000)	
LESS: PRINCIPAL PAYMENT - 5/1/22	($110,000)	
LESS: SPECIAL CALL - 11/1/22	($20,000)	
LESS: PRINCIPAL PAYMENT - 5/1/23	($115,000)	
CURRENT BONDS OUTSTANDING	$6,095,000	

SERIES 2020, SPECIAL ASSESSMENT REVENUE BONDS AREA 2	
INTEREST RATE:	2.625%, 3.200%, 3.750%, 4.000%	
MATURITY DATE:	5/1/2051	
RESERVE FUND DEFINITION	50% MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$184,450	
RESERVE FUND BALANCE	$184,450	
BONDS OUTSTANDING - 11/24/20	$6,500,000	
LESS: PRINCIPAL PAYMENT - 5/1/22	($125,000)	
LESS: PRINCIPAL PAYMENT - 5/1/23	($130,000)	
CURRENT BONDS OUTSTANDING	$6,245,000	

SERIES 2022, SPECIAL ASSESSMENT REVENUE BONDS AREA 3	
INTEREST RATE:	3.125%, 3.500%, 4.000%	
MATURITY DATE:	11/1/2051	
RESERVE FUND DEFINITION	50% MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$77,500	
RESERVE FUND BALANCE	$77,500	
BONDS OUTSTANDING - 03/18/22	$3,040,000	
LESS: PRINCIPAL PAYMENT - 11/1/22	($100,000)	
LESS: SPECIAL CALL - 5/1/23	($50,000)	
LESS: SPECIAL CALL - 8/1/23	($85,000)	
CURRENT BONDS OUTSTANDING	$2,805,000	

SERIES 2022, SPECIAL ASSESSMENT REVENUE BONDS AREA 4	
INTEREST RATE:	3.250%, 3.625%, 4.000%, 4.125%	
MATURITY DATE:	5/1/2052	
RESERVE FUND DEFINITION	50% MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$124,913	
RESERVE FUND BALANCE	$125,045	
BONDS OUTSTANDING - 03/18/22	$4,295,000	
LESS: PRINCIPAL PAYMENT - 5/1/23	($80,000)	
CURRENT BONDS OUTSTANDING	$4,215,000	

SERIES 2023, SPECIAL ASSESSMENT REVENUE BONDS AREA 5	
INTEREST RATE:	4.875%, 5.625%, 5.750%	
MATURITY DATE:	5/1/2053	
RESERVE FUND DEFINITION	MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$553,728	
RESERVE FUND BALANCE	$553,728	
BONDS OUTSTANDING - 06/15/23	$7,940,000	
CURRENT BONDS OUTSTANDING	$7,940,000	

ON ROLL ASSESSMENTS

VillaMar
COMMUNITY DEVELOPMENT DISTRICT

Gross Assessments	$  722,782.20	$  434,152.08	$ 396,827.85	$  177,483.35	$  268,630.00	$  1,999,875.48	
Net Assessments	$  672,187.45	$  403,761.43	$ 369,049.90	$  165,059.52	$  249,825.90	$  1,859,884.20	
	36.14%	21.71%	19.84%	8.87%	13.43%	100.00%	

Special Assessment Receipts Fiscal Year 2024

Date	
Distribution	
Gross Amount	
(Discount)/Penalty	
Commissions	
Interest		
Net Receipts	
O&M Portion	Series 2019 Debt Service	Series 2020 Debt Service	Series 2022 PH3 Debt Service	Series 2022 PH4 Debt Service	
Total	

11/10/23	
10/13/23 - 10/14/23	
$4,131.74	
($216.89)	
($78.30)	
$0.00	
$3,836.55	
$1,386.58	
$832.87	
$761.27	
$340.48	
$515.34	
$3,836.54	
11/14/23	10/01/23 - 10/31/23	$13,026.44	($521.01)	($250.11)	$0.00	$12,255.32	$4,429.24	$2,660.50	$2,431.78	$1,087.63	$1,646.18	$12,255.33	
11/17/23	11/01/23 - 11/05/23	$29,472.92	($1,178.81)	($565.88)	$0.00	$27,728.23	$10,021.36	$6,019.51	$5,502.01	$2,460.80	$3,724.55	$27,728.23	
11/24/23	11/06/23 - 11/12/23	$33,268.61	($1,330.68)	($638.76)	$0.00	$31,299.17	$11,311.95	$6,794.72	$6,210.58	$2,777.71	$4,204.21	$31,299.17	
11/30/23	1% Fee	($19,998.75)	$0.00	$0.00	$0.00	($19,998.75)	($7,227.82)	($4,341.52)	($3,968.28)	($1,774.83)	($2,686.30)	($19,998.75)	
12/08/23	11/13/23 - 11/22/23	$273,474.89	($10,938.67)	($5,250.72)	$0.00	$257,285.50	$92,986.48	$55,853.99	$51,052.20	$22,833.37	$34,559.45	$257,285.49	
12/21/23	11/23/23 - 11/30/23	$1,316,737.32	($52,748.00)	($25,279.79)	$0.00	$1,238,709.53	$447,686.47	$268,910.90	$245,792.52	$109,932.00	$166,387.63	$1,238,709.52	
12/29/23	12/01/23 - 12/15/23	$129,457.49	($4,930.01)	($2,490.55)	$0.00	$122,036.93	$44,105.81	$26,492.94	$24,215.33	$10,830.44	$16,392.41	$122,036.93	
						$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	
						$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	
						$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	
						$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	
						$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	
						$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	
						$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	
						$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	
						$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	
						$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	
						$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	
						$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	
						$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	
	TOTAL	$  1,779,570.66	$	(71,864.07) $	(34,554.11) $	-	$  1,673,152.48	$  604,700.07	$  363,223.91	$ 331,997.41	$  148,487.60	$  224,743.47	$  1,673,152.46	

90%
$186,731.72

Net Percent Collected Balance Remaining to Collect

DIRECT BILL ASSESSMENTS

2024-01
VMAR Dev LLC			
Net Assessments	
$697,565.77	
$143,837.28	
$553,728.49	
Date
Received	Due
Date	Check
Number	Net
Assessed	Amount
Received	General
Fund	Series 2023
Debt Service	
10/4/23	10/1/23	1407	$71,918.64	$71,918.64	$71,918.64	$0.00	
	2/1/24		$35,959.32	$0.00	$0.00	$0.00	
	4/1/24		$333,794.11	$0.00	$0.00	$0.00	
	5/1/24		$35,959.32	$0.00	$0.00	$0.00	
	10/1/24		$219,934.38	$0.00	$0.00	$0.00	
			$	697,565.77	$	71,918.64	$  71,918.64	$	-