VillaMar Community Development District

Meeting Agenda May 7, 2024

VillaMar
Community Development District

219 E. Livingston St., Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
April 30, 2024

Board of Supervisors VillaMar
Community Development District

Dear Board Members:

A meeting of the Board of Supervisors of the VillaMar Community Development District will be held Tuesday, May 7, 2024 at 11:00 AM at the Holiday Inn—Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, Florida 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:

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 February 6, 2024 Board of Supervisors Meeting and Audit Committee Meeting
Consideration of Resolution 2024-08 Approving the Proposed Fiscal Year 2024/2025 Budget (Suggested Date: August 6, 2024) and Setting the Public Hearing on the Adoption of the Fiscal Year 2024/2025 Budget
Consideration of Resolution 2024-09 Ratifying Series 2024 Bonds
Consideration of Fourth Amended and Restated Disclosure of Public Financing
Consideration of Resolution 2024-10 Extending Terms of Office
Staff Reports
Attorney
Engineer
Field Manager’s Report
Consideration of Updated Pond Maintenance Supersede Services Contract from Solitude Lake Management
Consideration of Landscape Proposal Summary from Prince & Sons to Add Phase 6 to Landscaping Services Contract
District Manager’s Report
Approval of Check Register
Balance Sheet & Income Statement

1 Comments will be limited to three (3) minutes

Presentation of Number of Registered Voters—999
Consideration of Resident Request to Host “Pelican’s Sno-Cone Truck” in Amenity Parking Lot—Tuesday, June 25, 2024 from 2:00 PM to 4:00 PM (Sponsored by Lakeside Church)
Other Business
Supervisors Requests and Audience Comments
Adjournment

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, February 6, 2024 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
Brian Walsh by Zoom	Vice Chairman
Lauren Schwenk	Assistant Secretary
Eric Lavoie	Assistant Secretary

Also, present were:

Jill Burns	District Manager, GMS
Lauren Gentry	District Counsel, Kilinski Van Wyk Law
Marshall Tindall	Field Manager, GMS

The following is a summary of the discussions and actions taken at the February 6, 2024 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 and Brian Walsh joined via Zoom.

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 but Ms. Burns noted that they do have a few residents attending on the Zoom line.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the December
5, 2023 Board of Supervisors Meeting and Audit Committee Meeting

Ms. Burns presented the meeting minutes from the December 5, 2023 Board of Supervisors meeting and Audit Committee meeting and asked for any corrections, comments, or questions. The Board had no changes to the minutes.

On MOTION by Mr. Heath, seconded by Mr. Lavoie, with all in favor, the Minutes of the December 5, 2023 Board of Supervisors Meeting and Audit Committee Meeting, were approved.

FOURTH ORDER OF BUSINESS	Acceptance of the Rankings of the Audit
Committee and Authorizing Staff to Send Notice of Intent to Award
Ms. Burns noted the Audit Committee met before the Board meeting and ranked Grau & Associates #1. She asked for a motion to accept ranking and send a notice of intent to award.

On MOTION by Ms. Schwenk, seconded by Mr. Heath, with all in favor, the Acceptance of the Rankings of the Audit Committee and Authorizing Staff to Send Notice of Intent to Award to Grau & Associates, was approved.

FIFTH ORDER OF BUSINESS	Presentation	and	Approval	of
Supplemental Engineer’s Report for Assessment Area Six dated January 25, 2024
Ms. Burns stated the only change from the prior version of the report was that it was updated with final numbers.

On MOTION by Ms. Schwenk, seconded by Mr. Heath, with all in favor, the Supplemental Engineer’s Report for Assessment Area Six dated January 25, 2024, was approved.

SIXTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-05
Supplemental Assessment Resolution for Series 2024 Bonds (Assessment Area Six Project)
Ms. Gentry stated the District is scheduled to close on the Series 2024 bonds February 14th. This resolution sets forth the specific terms of the bond issuance and will not impact the other existing phases of the community.

On MOTION by Mr. Heath seconded by Mr. Lavoie, with all in favor, Resolution 2024-05 Supplemental Assessment Resolution for Series 2024 Bonds (Assessment area Six Project), was approved.

SEVENTH ORDER OF BUSINESS	Public Hearing
Public Hearing on the Adoption of Amended Parking and Towing Policies for the District
Ms. Burns asked for a motion to open the public hearing.

On MOTION by Ms. Schwenk, seconded by Mr. Heath, with all in favor, Opening the Public Hearing, was approved.

Consideration of Resolution 2024-06 Adopting Amended Parking and Towing Policies for the District
Ms. Gentry stated currently Phase 1 & 2 has a policy that distinguishes for odd versus even side of the street with parking on one side. When reviewing future Phases 3, 4, & 5 the Board discussed doing a signage policy that would note which side of the street parking would be allowed on with a custom signage policy whether the entire community would be designated no parking at any time and place signs in areas where parking is allowed on one side of the street. The map is attached to the resolution. Residents in Phases 1 & 2 will receive a notice that the parking policy has changed with the new map attached.

On MOTION by Mr. Heath, seconded by Ms. Schwenk, with all in favor, Resolution 2024-06 Adopting Amended Parking and Towing Policies for the District, was approved.

Ms. Burns stated included but not in the agenda is the same proposal that was at the last meeting for the signage. There are two options, one is $17,940 for just the signage noted and the second is for additional signage suggested with the five-minute parking signs at the mailboxes and that total is $18,540. Mr. Heath asked if it was covered in the budget. Ms. Burns noted it is covered in contingency and capital reserve transfer.

On MOTION by Ms. Schwenk, seconded by Mr. Heath, with all in favor, the Signage Quote totaling $18,540, was approved.

Ms. Burns asked for a motion to close the public hearing.

On MOTION by Mr. Heath, seconded by Ms. Schwenk, with all in favor, Closing the Public Hearing, was approved.

EIGHTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-07
Appointing an Assistant Treasurer and an Assistant Secretary
Ms. Burns noted this would appoint Patti Powers and Rich Hans who are GMS staff members as Treasurer and Assistant Treasurer.

On MOTION by Mr. Heath, seconded by Mr. Lavoie, with all in favor, Resolution, was approved.

NINTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-08
Setting a Public Hearing on the Adoption of Easement Variance Rules for the District
Ms. Burns noted this resolution will be tabled to a future meeting.

TENTH ORDER OF BUSINESS	Discussion Regarding Revised Security
Contract with Securitas (NOT A CLOSED SESSION)
Ms. Burns noted in front of the Board is the existing contract that is in place. There are 16 hours per week of staffed guards for peak hours and has a roving component where someone will stop by a couple of times a week. She noted they have reached out for a revised proposal which

would be overnight video surveillance with remote perimeter protection in place of the roving patrol. It is the same security company. The cost difference is $1,483 per year. This includes the cost of the cameras financed over a couple of years.

On MOTION by Ms. Schwenk, seconded by Mr. Heath, with all in favor, the Revised Security Contract with Securitas, was approved.

ELEVENTH ORDER OF BUSINESS	Ratification	of	Construction	Funding
Agreement for Phase 7 Improvements
Ms. Burns stated this has already been signed and just needs to be ratified.

On MOTION by Ms. Schwenk, seconded by Mr. Lavoie, with all in favor, the Construction Funding Agreement for Phase 7 Improvements, was ratified.

TWELFTH ORDER OF BUSINESS	Ratification of Temporary Construction
Access	and	Easement	Agreement	for Phase 7 Improvements
Ms. Burns stated this just needs to be ratified by the Board.

On MOTION by Ms. Schwenk, seconded by Mr. Lavoie, with all in favor, the Temporary Construction Access and Easement Agreement for Phase 7 Improvements, was ratified.

THIRTEENTH ORDER OF BUSINESS	Ratification of Notice of Commencement
for Phase 7
Ms. Burns stated this has been signed and just needs to be ratified.

On MOTION by Mr. Lavoie, seconded by Ms. Schwenk, with all in favor, the Notice of Commencement for Phase 7, was approved.

FOURTEENTH ORDER OF BUSINESS	Consideration of 2024 Non-Ad Valorem
Contract Agreement with Polk County Property Appraiser
Ms. Burns stated this is the agreement needed to enter into annually with the property appraiser so they can collect assessments on roll.

On MOTION by Mr. Lavoie, seconded by Ms. Schwenk, with all in favor, the 2024 Non-Ad Valorem Contract Agreement with Polk County Property Appraiser, was approved.

FIFTEENTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Gentry stated he had nothing further to report.

Engineer
There being no comments, the next item followed.

Field Manager’s Report
Mr. Tindall presented the field manager’s report to the Board which can be found on page 236 of the agenda package.

District Managers Report
Approval of the Check Register
Ms. Burns presented the check register to the Board. She asked for any questions or comments. Hearing no comments, she asked for a motion to approve.

On MOTION by Mr. Lavoie, seconded by Mr. Heath, with all in favor, the Check Register, 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.

SIXTEENTH ORDER OF BUSINESS	Other Business
Ms. Burns stated they reached out to the security vendor to provide a price to place an actual guard on site for spring break which would be eight hours a day Monday through Friday in addition to the times already staffed on the weekend. The total for this would be $1,138.

On MOTION by Mr. Heath, seconded by Mr. Lavoie, with all in favor, Scheduling the Spring Break Guard Patrols for $1,138, was approved.

SEVENTEENTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
Resident questioned people from outside the community coming to the pool and security and parking enforcement. Ms. Burns replied residents are not to leave the gate open for people. If you see residents doing that just send an email to amenityaccess@gmscfl.com. The Board approved street parking and towing policies today for Phases 1-5 and signage will be ordered and installed after the meeting.
Resident asked about dog policy and street cleaning. Mr. Heath stated the new amenity center will have two dog parks in phase 7. Ms. Burns stated the CDD owns the roadways. The areas under construction by homebuilders, the homebuilders do the street cleaning while they are building. She noted if you see an area with an issue contact us and we will talk with the builder.
Resident (Sonya Burgess – Zoom): Who is responsible for the sidewalk along Cunningham? Ms. Burns noted the city is. The CDD maintains sidewalks on the interior roads but not on Cunningham. She will email Ms. Burns a pic of the troubled area.

EIGHTEENTH 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

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, February 6, 2024 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
Brian Walsh by Zoom	Vice Chairman
Lauren Schwenk	Assistant Secretary
Eric Lavoie	Assistant Secretary

Also, present were:

Jill Burns	District Manager, GMS
Lauren Gentry	District Counsel, Kilinski Van Wyk Law
Marshall Tindall	Field Manager, GMS

The following is a summary of the discussions and actions taken at the February 6, 2024 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 and Brian Walsh joined via Zoom.

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.

February 6, 2024	VillaMar CDD

THIRD ORDER OF BUSINESS	Review and Proposals and Tally of Audit
Committee Members Rankings
A. Grau & Associates
Ms. Burns stated one response was received to the RFP for auditing services from Grau & Associates. Ms. Gentry stated that Grau received 20 points across the Board for a total of 100 points to rank Grau first.

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

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

Secretary/Assistant Secretary	Chairman/Vice Chairman

2

Section IV

RESOLUTION 2024-08

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VILLAMAR COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2025 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the VillaMar Community Development District (“District”) prior to June 15, 2024, a proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2024, and ending September 30, 2025 (“Fiscal Year 2025”); and
WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE VILLAMAR COMMUNITY DEVELOPMENT DISTRICT:

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2025 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:

DATE:	August 6, 2024
HOUR:	11:00 A.M.
LOCATION: The Holiday Inn – Winter Haven
200 Cypress Gardens Boulevard Winter Haven, Florida 33880

TRANSMITTAL  OF  PROPOSED  BUDGET  TO  LOCAL  GENERAL
PURPOSE GOVERNMENTS. The District Manager is hereby directed to submit a copy of the Proposed Budget to the City of Winter Haven and Polk County at least 60 days prior to the hearing set above.

POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 2, and shall remain on the website for at least 45 days.
PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 7TH DAY OF MAY 2024.

ATTEST:	VILLAMAR COMMUNITY
DEVELOPMENT DISTRICT

Secretary	Chairperson/Vice Chairperson,
Board of Supervisors

Exhibit A:	Proposed Budget for Fiscal Year 2025

VillaMar
Community Development District

Proposed Budget
FY2025

Table of Contents

1-2

3-7

8

9

10

11

12

13

14

15

16

17

18

19

20

	General Fund

	General Fund Narrative

	Capital Reserve Fund

	Series 2019 Debt Service Fund

	Series 2019 Amortization Schedule

	Series 2020 Debt Service Fund

	Series 2020 Amortization Schedule

	Series 2022 A3 Debt Service Fund

	Series 2022 A3 Amortization Schedule

	Series 2022 A4 Debt Service Fund

	Series 2022 A4 Amortization Schedule

	Series 2023 A5 Debt Service Fund

	Series 2023 A5 Amortization Schedule

	Series 2024 A6 Debt Service Fund

	Series 2024 A6 Amortization Schedule

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2024	3/31/24	6 Months	9/30/24	FY2025	

Revenues						
Assessments - Tax Roll	$	672,192	$	664,908	$	11,000	$	675,908	$	984,004	
Assessments - Direct Bill (Unplatted 7&8)	143,837	107,878	71,919	179,797	71,847	
Miscellaneous Revenue	0	60	0	60	0	
Total Revenues	$	816,029	$	772,846	$	82,919	$	855,765	$ 1,055,851	

Expenditures						
Administrative
Supervisor Fees	
$	12,000	
$	2,200	
$	5,000	
$	7,200	
$	12,000	
Engineering	7,500	0	3,000	3,000	7,500	
Attorney	30,000	7,309	10,233	17,542	30,000	
Annual Audit	5,000	0	4,000	4,000	5,600	
Assessment Administration	7,500	7,500	0	7,500	10,000	
Arbitrage	2,250	450	1,800	2,250	2,700	
Dissemination	9,000	5,083	5,000	10,083	10,000	
Trustee Fees	19,880	4,041	19,634	23,675	29,800	
Management Fees	42,500	21,250	21,250	42,500	44,625	
Information Technology	1,800	900	900	1,800	1,890	
Website Maintenance	1,200	600	600	1,200	1,260	
Postage & Delivery	1,500	1,441	1,800	3,241	3,500	
Insurance	6,886	5,988	0	5,988	6,886	
Copies	1,000	8	500	508	500	
Legal Advertising	10,000	2,708	4,400	7,108	10,000	
Other Current Charges	1,500	627	878	1,505	1,500	
Office Supplies	500	19	27	46	500	
Dues, Licenses & Subscriptions	175	175	0	175	175	
Subtotal Administrative	$	160,191	$	60,299	$	79,021	$	139,320	$	178,436	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2024	3/31/24	6 Months	9/30/24	FY2025	

Operations & Maintenance						
Field Expenditures
Property Insurance	
$	15,000	
$	10,856	
$	-	
$	10,856	
$	18,854	
Field Management	16,538	8,269	8,269	16,538	22,500	
Landscape Maintenance	130,000	42,450	42,450	84,900	226,000	
Landscape Replacement	22,500	2,165	2,000	4,165	22,500	
Pond Maintenance	17,000	5,136	5,136	10,272	32,000	
Electric - Streetlights	166,320	67,217	94,104	161,321	166,320	
Electric	3,000	3,618	5,065	8,683	3,000	
Water	30,000	9,236	12,930	22,166	30,000	
Sidewalk & Asphalt Maintenance	2,500	0	1,000	1,000	2,500	
Irrigation Repairs	10,000	485	1,500	1,985	10,000	
General Repairs & Maintenance	20,000	9,480	13,272	22,752	25,000	
Contingency	7,500	24,735	10,000	34,735	40,000	
Subtotal Field Expenditures	$	440,358	$	183,647	$	195,726	$	379,373	$	598,674	

Amenity Expenditures
Amenity - Electric	

$	18,000	

$	3,845	

$	11,535	

$	15,380	

$	18,000	
Amenity - Water	20,000	5,631	7,883	13,514	20,000	
Playground & Furniture Lease	35,000	14,850	20,790	35,640	35,000	
Internet	3,000	1,075	1,505	2,580	3,000	
Pest Control	630	300	420	720	660	
Janitorial Services	10,700	5,100	7,140	12,240	11,780	
Security Services	33,800	15,816	22,142	37,958	36,036	
Pool Maintenance	30,000	20,380	28,532	48,912	34,440	
Amenity Access Management	7,500	3,750	5,250	9,000	7,500	
Amenity Repairs & Maintenance	10,000	2,299	3,219	5,518	10,000	
Holiday Decorations	0	0	0	0	10,000	
Contingency	7,500	0	1,000	1,000	10,000	
Subtotal Amenity Expenditures	$	176,130	$	73,046	$	109,416	$	182,462	$	196,416	
						
Total Operations & Maintenance	$	616,488	$	256,693	$	305,143	$	561,836	$	795,090	
Other Financing Uses
Capital Reserves	

$	39,350	

$	-	

$	39,350	

$	39,350	

$	82,325	
Total Other Financing Uses	$	39,350	$	-	$	39,350	$	39,350	$	82,325	

Total Expenditures	$	816,029	$	316,992	$	423,514	$	740,506	$ 1,055,851	
						
Net Change in Fund Balance	$	(0)	$	455,854	$	(340,595)	$	115,259	$	-	

Gross Assessments	
$1,135,324	
Less: Discounts & Collections 7%		$79,473 	
Net Assessments	 $	1,055,851 	

Product	
ERU's	Assessable Units	
ERU/Unit	
Net Assessment	
Net Per Unit	FY25
Gross Per Unit	FY24
Gross Per Unit	FY25
Change +/-	
Single Family	1398	1398	1	$984,004.31	$703.87	$756.84	$756.84	$0.00	
Phase 7 - Unplatted	66	393	0.17	$46,747.86	$118.95	$127.90	$148.57	-$20.67	
Phase 8 - Unplatted	36	211	0.17	$25,098.72	$118.95	$127.90	$148.57	-$20.67	
Total ERU's	1500	2002		$1,055,850.90					

Revenues:

Assessments

The District will levy a non-ad valorem assessment on all the assessable property within the District in order to pay for operating expenditures during the fiscal year.

Expenditures:

General & Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed
$4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

Engineering

The District's engineer will be providing general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel will be providing general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

Assessment Administration

The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its Series 2019, Series 2020, and Series 2022 bonds as well as one other anticipated bond issuance.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This cost with Governmental Management Services – Central Florida LLC is based upon the Series 2019, Series 2020, and Series 2022 bonds as well as one other anticipated bond issuance. The District has an agreement for $5000 for the first bond issuance, and an additional $1000 for each issuance after.

Trustee Fees

The District will incur trustee related costs with the issuance of its’ issued bonds.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

Represents costs with Governmental Management Services – Central Florida LLC of information technology for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc.

Website Maintenance

Represents the costs with Governmental Management Services – Central Florida LLC associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Postage & Delivery

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance coverages.

Copies

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes, etc.

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Other Current Charges

Bank charges and any other miscellaneous expenses incurred during the year.

Office Supplies

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Economic Opportunity for
$175. This is the only expense under this category for the District.

Operations & Maintenance:

Field Expenditures

Property Insurance

The District’s property insurance coverages.

Field Management

Represents the costs of contracting services that provide onsite field management of contracts for the District such as landscape and lake maintenance. These services are provided by Governmental Management Services-Central Florida, LLC. Services provided include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Landscape Maintenance

Represents the estimated maintenance of the landscaping within the common areas of the District after the installation of landscape material has been completed. The District has contracted with Prince & Sons, Inc. to provide these services.

Landscape Replacement

Represents the estimated cost of replacing landscaping within the common areas of the District.

Pond Maintenance

Represents the estimated costs to maintain the ponds within the District’s boundaries. This service is provided by Solitude Lake Management.

Electric - Streetlights

Represents the cost to maintain street lights within the District Boundaries that are expected to be in place throughout the fiscal year.

Electric

Represents current and estimated electric charges of common areas throughout the District.

Water

Represents current and estimated costs for water and refuse services provided for common areas throughout the District.

Sidewalk & Asphalt Maintenance

Represents the estimated costs of maintaining the sidewalks and asphalt throughout the District’s Boundary.

Irrigation Repairs

Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.

Amenity Expenditures

Amenity - Electric

Represents estimated electric charges for the District’s amenity facilities.

Amenity – Water

Represents estimated water charges for the District’s amenity facilities.

Playground & Furniture Lease

The District has entered into a leasing agreement for playgrounds and pool furniture installed in the community with WHFS, LLC.

Internet

Internet service will be added for use at the Amenity Center. This service is provided by Spectrum.

Pest Control

The District will incur costs for pest control treatments to its amenity facilities.

Janitorial Services

Represents the costs to provide janitorial services 3 times a week and supplies for the District’s amenity facilities. The District is contracted with CSS Clean Star Services of Central Florida, Inc. for these services.

Security Services

Represents the estimated cost of contracting a monthly security service for the District’s amenity facilities.

Pool Maintenance

Represents the costs of regular cleaning and treatments of the District’s pool. The District is contracted with Complete Pool Care, Inc. for these services.

Amenity Management

Amenity Management provides access card issuance through registration, proof of residency, and photo identification. The team also provides keycard troubleshooting for issues and concerns related to access control. Staff reviews security concerns and amenity policy violations via remote camera monitoring on an as-needed basis. Districts are provided electronic communication for District news and direct remote customer service through phone and email directly to the Amenity Access Team.

Amenity Repairs & Maintenance

Represents estimated costs for repairs and maintenance of the District’s amenity facilities.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any amenity category.

Other Financing Uses:

Capital Reserves

Funds collected and reserved for the replacement of and/or purchase of new capital improvements throughout the District.

Community Development District Proposed Budget
Capital Reserve

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2024	3/31/24	6 Months	9/30/24	FY2025	

Revenues							
Carry Forward Surplus	$	-	$	-		$	-	$	-	$	39,350	
Transfer In	9,350		0	39,350	39,350	82,325	
Total Revenues	$	9,350	$	-		$	39,350	$	39,350	$	121,675	

Expenditures							
Chair Lift Replacement	$	-	$	-		$	-	$	-	$	10,500	
Furniture Replacement	0		0	0	0	12,500	
Contingency	600		0	0	0	600	
Total Expenditures	$	600	$	-	$	-	$	-	$	23,600	
					
Net Change in Fund Balance	$	8,750	$	-	$	39,350	$	39,350	$	98,075	

Proposed Budget
Series 2019 Area 1 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2024	3/31/24	6 Months	9/30/24	FY2025	

Revenues						
Assessments	$	403,763	$	399,389	$	4,374	$	403,763	$	403,763	
Interest Income	0	9,307	4,080	13,387	0	
Carry Forward Surplus	164,293	164,494	0	164,494	176,469	
Total Revenues	$	568,056	$	573,190	$	8,454	$	581,644	$	580,232	

Expenditures						
Interest - 11/1	$	142,588	$	142,588	$	-	$	142,588	$	140,338	
Principal - 5/1	120,000	0	120,000	120,000	125,000	
Interest - 5/1	142,588	0	142,588	142,588	140,338	
Total Expenditures	$	405,175	$	142,588	$	262,588	$	405,175	$	405,675	
						
Net Change in Fund Balance	$	162,881	$	430,603	$	(254,134)	$	176,469	$	174,557	

Interest Expense 11/1/25  $
Total  $

137,838
137,838

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family	333	$	403,763	$	1,213	$	1,304	
	333	$	403,763			

Series 2019 Special Assessment Bonds Amortization Schedule

Date	Balance	Principal	Interest	Total

05/01/24	$

6,095,000.00	$

120,000.00	$

142,587.50	$	-

11/01/24
05/01/25

$
$

5,975,000.00	$
5,975,000.00	$

-	$
125,000.00	$

140,337.50	$
140,337.50	$

402,925.00
-

11/01/25	$
05/01/26	$
11/01/26	$
05/01/27	$
11/01/27	$
05/01/28	$
11/01/28	$
05/01/29	$
11/01/29	$
05/01/30	$
11/01/30	$
05/01/31	$
11/01/31	$
05/01/32	$
11/01/32	$
05/01/33	$
11/01/33	$
05/01/34	$
11/01/34	$
05/01/35	$
11/01/35	$
05/01/36	$
11/01/36	$
05/01/37	$
11/01/37	$
05/01/38	$
11/01/38	$
05/01/39	$
11/01/39	$
05/01/40	$
11/01/40	$
05/01/41	$
11/01/41	$
05/01/42	$
11/01/42	$
05/01/43	$
11/01/43	$
05/01/44	$
11/01/44	$
05/01/45	$
11/01/45	$
05/01/46	$
11/01/46	$
05/01/47	$
11/01/47	$
05/01/48	$
11/01/48	$
05/01/49	$
11/01/49	$
05/01/50	$

5,850,000.00	$
5,850,000.00	$
5,720,000.00	$
5,720,000.00	$
5,585,000.00	$
5,585,000.00	$
5,445,000.00	$
5,445,000.00	$
5,300,000.00	$
5,300,000.00	$
5,150,000.00	$
5,150,000.00	$
4,990,000.00	$
4,990,000.00	$
4,825,000.00	$
4,825,000.00	$
4,650,000.00	$
4,650,000.00	$
4,470,000.00	$
4,470,000.00	$
4,280,000.00	$
4,280,000.00	$
4,080,000.00	$
4,080,000.00	$
3,870,000.00	$
3,870,000.00	$
3,650,000.00	$
3,650,000.00	$
3,420,000.00	$
3,420,000.00	$
3,180,000.00	$
3,180,000.00	$
2,925,000.00	$
2,925,000.00	$
2,660,000.00	$
2,660,000.00	$
2,380,000.00	$
2,380,000.00	$
2,085,000.00	$
2,085,000.00	$
1,780,000.00	$
1,780,000.00	$
1,460,000.00	$
1,460,000.00	$
1,120,000.00	$
1,120,000.00	$
765,000.00	$
765,000.00	$
390,000.00	$
390,000.00	$

$
130,000.00	$
$
135,000.00	$
$
140,000.00	$
$
145,000.00	$
$
150,000.00	$
$
160,000.00	$
$
165,000.00	$
$
175,000.00	$
$
180,000.00	$
$
190,000.00	$
$
200,000.00	$
$
210,000.00	$
$
220,000.00	$
$
230,000.00	$
$
240,000.00	$
$
255,000.00	$
$
265,000.00	$
$
280,000.00	$
$
295,000.00	$
$
305,000.00	$
$
320,000.00	$
$
340,000.00	$
$
355,000.00	$
$
375,000.00	$
$
390,000.00	$

137,837.50	$
137,837.50	$
135,237.50	$
135,237.50	$
132,537.50	$
132,537.50	$
129,737.50	$
129,737.50	$
126,837.50	$
126,837.50	$
123,368.75	$
123,368.75	$
119,668.75	$
119,668.75	$
115,853.13	$
115,853.13	$
111,806.25	$
111,806.25	$
107,643.75	$
107,643.75	$
103,250.00	$
103,250.00	$
98,625.00	$
98,625.00	$
93,768.75	$
93,768.75	$
88,681.25	$
88,681.25	$
83,362.50	$
83,362.50	$
77,512.50	$
77,512.50	$
71,296.88	$
71,296.88	$
64,837.50	$
64,837.50	$
58,012.50	$
58,012.50	$
50,821.88	$
50,821.88	$
43,387.50	$
43,387.50	$
35,587.50	$
35,587.50	$
27,300.00	$
27,300.00	$
18,646.88	$
18,646.88	$
9,506.25	$
9,506.25	$

403,175.00
- 403,075.00
- 402,775.00
- 402,275.00
- 401,575.00
- 400,206.25
- 403,037.50
- 400,521.88
- 402,659.38
- 399,450.00
- 400,893.75
- 401,875.00
- 402,393.75
- 402,450.00
- 402,043.75
- 400,875.00
- 403,809.38
- 401,134.38
- 402,850.00
- 403,834.38
- 399,209.38
- 398,975.00
- 402,887.50
- 400,946.88
- 403,153.13
399,506.25

$	6,095,000.00  $	4,753,512.54  $	10,848,512.54

Proposed Budget
Series 2020 Area 2 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2024	3/31/24	6 Months	9/30/24	FY2025	

Revenues						
Assessments	$	369,050	$	365,053	$	3,997	$	369,050	$	369,050	
Interest Income	0	8,378	3,680	12,058	0	
Carry Forward Surplus	141,618	140,548	0	140,548	151,481	
Total Revenues	$	510,668	$	513,979	$	7,677	$	521,656	$	520,531	

Expenditures						
Interest - 11/1	$	117,588	$	117,588	$	-	$	117,588	$	115,816	
Principal - 5/1	135,000	0	135,000	135,000	135,000	
Interest - 5/1	117,588	0	117,588	117,588	115,816	
Total Expenditures	$	370,175	$	117,588	$	252,588	$	370,175	$	366,631	
						
Net Change in Fund Balance	$	140,493	$	396,391	$	(244,911)	$	151,481	$	153,900	

Interest Expense 11/1/25  $
Total $

114,044
114,044

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family - Adams	97	$	130,950	$	1,350	$	1,452	
Single Family - D.R. Horton	103	$	128,750	$	1,250	$	1,344	
Single Family	81	$	109,350	$	1,350	$	1,452	
	281	$	369,050			

Series 2020 Special Assessment Bonds Amortization Schedule

Date	Balance	Principal	Interest	Total

05/01/24	$

6,245,000.00	$

135,000.00	$

117,587.50	$	-

11/01/24
05/01/25

$
$

6,110,000.00	$
6,110,000.00	$

-	$
135,000.00	$

115,815.63	$
115,815.63	$

368,403.13
-

11/01/25	$
05/01/26	$
11/01/26	$
05/01/27	$
11/01/27	$
05/01/28	$
11/01/28	$
05/01/29	$
11/01/29	$
05/01/30	$
11/01/30	$
05/01/31	$
11/01/31	$
05/01/32	$
11/01/32	$
05/01/33	$
11/01/33	$
05/01/34	$
11/01/34	$
05/01/35	$
11/01/35	$
05/01/36	$
11/01/36	$
05/01/37	$
11/01/37	$
05/01/38	$
11/01/38	$
05/01/39	$
11/01/39	$
05/01/40	$
11/01/40	$
05/01/41	$
11/01/41	$
05/01/42	$
11/01/42	$
05/01/43	$
11/01/43	$
05/01/44	$
11/01/44	$
05/01/45	$
11/01/45	$
05/01/46	$
11/01/46	$
05/01/47	$
11/01/47	$
05/01/48	$
11/01/48	$
05/01/49	$
11/01/49	$
05/01/50	$
11/01/50	$
05/01/51	$

5,975,000.00	$
5,975,000.00	$
5,835,000.00	$
5,835,000.00	$
5,690,000.00	$
5,690,000.00	$
5,540,000.00	$
5,540,000.00	$
5,385,000.00	$
5,385,000.00	$
5,225,000.00	$
5,225,000.00	$
5,060,000.00	$
5,060,000.00	$
4,890,000.00	$
4,890,000.00	$
4,710,000.00	$
4,710,000.00	$
4,525,000.00	$
4,525,000.00	$
4,335,000.00	$
4,335,000.00	$
4,135,000.00	$
4,135,000.00	$
3,930,000.00	$
3,930,000.00	$
3,715,000.00	$
3,715,000.00	$
3,490,000.00	$
3,490,000.00	$
3,260,000.00	$
3,260,000.00	$
3,020,000.00	$
3,020,000.00	$
2,770,000.00	$
2,770,000.00	$
2,510,000.00	$
2,510,000.00	$
2,240,000.00	$
2,240,000.00	$
1,955,000.00	$
1,955,000.00	$
1,660,000.00	$
1,660,000.00	$
1,355,000.00	$
1,355,000.00	$
1,035,000.00	$
1,035,000.00	$
705,000.00	$
705,000.00	$
360,000.00	$
360,000.00	$

$
140,000.00	$
$
145,000.00	$
$
150,000.00	$
$
155,000.00	$
$
160,000.00	$
$
165,000.00	$
$
170,000.00	$
$
180,000.00	$
$
185,000.00	$
$
190,000.00	$
$
200,000.00	$
$
205,000.00	$
$
215,000.00	$
$
225,000.00	$
$
230,000.00	$
$
240,000.00	$
$
250,000.00	$
$
260,000.00	$
$
270,000.00	$
$
285,000.00	$
$
295,000.00	$
$
305,000.00	$
$
320,000.00	$
$
330,000.00	$
$
345,000.00	$
$
360,000.00	$

114,043.75	$
114,043.75	$
111,803.75	$
111,803.75	$
109,483.75	$
109,483.75	$
107,083.75	$
107,083.75	$
104,603.75	$
104,603.75	$
102,043.75	$
102,043.75	$
98,950.00  $
98,950.00  $
95,762.50  $
95,762.50  $
92,387.50  $
92,387.50  $
88,918.75  $
88,918.75  $
85,356.25  $
85,356.25  $
81,606.25  $
81,606.25  $
77,762.50  $
77,762.50  $
73,731.25  $
73,731.25  $
69,512.50  $
69,512.50  $
65,200.00  $
65,200.00  $
60,400.00  $
60,400.00  $
55,400.00  $
55,400.00  $
50,200.00  $
50,200.00  $
44,800.00  $
44,800.00  $
39,100.00  $
39,100.00  $
33,200.00  $
33,200.00  $
27,100.00  $
27,100.00  $
20,700.00  $
20,700.00  $
14,100.00  $
14,100.00  $
7,200.00  $
7,200.00  $

364,859.38
- 365,847.50
- 366,287.50
- 366,567.50
- 366,687.50
- 366,647.50
- 365,993.75
- 364,712.50
- 368,150.00
- 366,306.25
- 364,275.00
- 366,962.50
- 364,368.75
- 366,493.75
- 368,243.75
- 364,712.50
- 365,600.00
- 365,800.00
- 365,600.00
- 365,000.00
- 368,900.00
- 367,300.00
- 365,300.00
- 367,800.00
- 364,800.00
- 366,300.00
367,200.00

$	6,245,000.00  $	4,010,118.75  $	10,255,118.75

Proposed Budget
Series 2022 Area 3 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2024	3/31/24	6 Months	9/30/24	FY2025	

Revenues						
Assessments	$	165,060	$	163,272	$	1,788	$	165,060	$	165,060	
Assessments - Prepayments	0	234,235	9,974	244,209	0	
Interest Income	0	6,758	1,500	8,258	0	
Carry Forward Surplus	140,143	125,107	0	125,107	110,231	
Total Revenues	$	305,203	$	529,372	$	13,262	$	542,634	$	275,290	

Expenditures						
Interest - 11/1	$	53,878	$	54,644	$	-	$	54,644	$	47,759	
Principal - 11/1	60,000	60,000	0	60,000	50,000	
Special Call - 11/1	0	270,000	0	270,000	0	
Interest - 5/1	52,941	0	47,759	47,759	46,978	
Total Expenditures	$	166,819	$	384,644	$	47,759	$	432,403	$	144,738	
						
Net Change in Fund Balance	$	138,384	$	144,728	$	(34,497)	$	110,231	$	130,553	

Interest Expense 11/1/25	
$	46,978	
Principal Expense 11/1/25	$	55,000	
Total	$	101,978	

Series 2022 A3 Special Assessment Bonds Amortization Schedule

Date	Balance	Principal	Interest	Total

11/01/23	$
05/01/24	$

2,805,000.00	$
2,475,000.00	$

60,000.00	$
$

53,878.13  $
47,759.38  $

113,878.13
-

11/01/24
05/01/25

$
$

2,475,000.00	$
2,425,000.00	$

50,000.00	$

-

$

47,759.38  $
46,978.13  $

145,518.75
-

11/01/25	$
05/01/26	$
11/01/26	$
05/01/27	$
11/01/27	$
05/01/28	$
11/01/28	$
05/01/29	$
11/01/29	$
05/01/30	$
11/01/30	$
05/01/31	$
11/01/31	$
05/01/32	$
11/01/32	$
05/01/33	$
11/01/33	$
05/01/34	$
11/01/34	$
05/01/35	$
11/01/35	$
05/01/36	$
11/01/36	$
05/01/37	$
11/01/37	$
05/01/38	$
11/01/38	$
05/01/39	$
11/01/39	$
05/01/40	$
11/01/40	$
05/01/41	$
11/01/41	$
05/01/42	$
11/01/42	$
05/01/43	$
11/01/43	$
05/01/44	$
11/01/44	$
05/01/45	$
11/01/45	$
05/01/46	$
11/01/46	$
05/01/47	$
11/01/47	$
05/01/48	$
11/01/48	$
05/01/49	$
11/01/49	$
05/01/50	$
11/1/50	$
5/1/51	$
11/1/51	$

2,425,000.00	$
2,370,000.00	$
2,370,000.00	$
2,315,000.00	$
2,315,000.00	$
2,260,000.00	$
2,260,000.00	$
2,200,000.00	$
2,200,000.00	$
2,140,000.00	$
2,140,000.00	$
2,075,000.00	$
2,075,000.00	$
2,010,000.00	$
2,010,000.00	$
1,940,000.00	$
1,940,000.00	$
1,870,000.00	$
1,870,000.00	$
1,795,000.00	$
1,795,000.00	$
1,720,000.00	$
1,720,000.00	$
1,640,000.00	$
1,640,000.00	$
1,560,000.00	$
1,560,000.00	$
1,475,000.00	$
1,475,000.00	$
1,385,000.00	$
1,385,000.00	$
1,290,000.00	$
1,290,000.00	$
1,195,000.00	$
1,195,000.00	$
1,095,000.00	$
1,095,000.00	$
990,000.00	$
990,000.00	$
880,000.00	$
880,000.00	$
765,000.00	$
765,000.00	$
650,000.00	$
650,000.00	$
530,000.00	$
530,000.00	$
405,000.00	$
405,000.00	$
275,000.00	$
275,000.00	$
140,000.00	$
140,000.00	$

55,000.00	$
$
55,000.00	$
$
55,000.00	$
$
60,000.00	$
$
60,000.00	$
$
65,000.00	$
$
65,000.00	$
$
70,000.00	$
$
70,000.00	$
$
75,000.00	$
$
75,000.00	$
$
80,000.00	$
$
80,000.00	$
$
85,000.00	$
$
90,000.00	$
$
95,000.00	$
$
95,000.00	$
$
100,000.00	$
$
105,000.00	$
$
110,000.00	$
$
115,000.00	$
$
115,000.00	$
$
120,000.00	$
$
125,000.00	$
$
130,000.00	$
$
135,000.00	$
$
140,000.00	$

46,978.13  $
46,118.75  $
46,118.75  $
45,259.38  $
45,259.38  $
44,400.00  $
44,400.00  $
43,350.00  $
43,350.00  $
42,300.00  $
42,300.00  $
41,162.50  $
41,162.50  $
40,025.00  $
40,025.00  $
38,800.00  $
38,800.00  $
37,400.00  $
37,400.00  $
35,900.00  $
35,900.00  $
34,400.00  $
34,400.00  $
32,800.00  $
32,800.00  $
31,200.00  $
31,200.00  $
29,500.00  $
29,500.00  $
27,700.00  $
27,700.00  $
25,800.00  $
25,800.00  $
23,900.00  $
23,900.00  $
21,900.00  $
21,900.00  $
19,800.00  $
19,800.00  $
17,600.00  $
17,600.00  $
15,300.00  $
15,300.00  $
13,000.00  $
13,000.00  $
10,600.00  $
10,600.00  $
8,100.00  $
8,100.00  $
5,500.00  $
5,500.00  $
2,800.00  $
2,800.00  $

148,956.25
- 147,237.50
- 145,518.75
- 148,800.00
- 146,700.00
- 149,600.00
- 147,325.00
- 150,050.00
- 147,600.00
- 149,800.00
- 146,800.00
- 148,800.00
- 145,600.00
- 147,400.00
- 149,000.00
- 150,400.00
- 146,600.00
- 147,800.00
- 148,800.00
- 149,600.00
- 150,200.00
- 145,600.00
- 146,000.00
- 146,200.00
- 146,200.00
- 146,000.00
- 145,600.00

$	2,535,000.00  $	1,712,584.38  $	4,247,584.38

Proposed Budget
Series 2022 Area 4 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2024	3/31/24	6 Months	9/30/24	FY2025	

Revenues						
Assessments	$	249,825	$	247,120	$	2,705	$	249,825	$	249,825	
Interest Income	0	5,666	2,460	8,126	0	
Carry Forward Surplus	104,844	98,961	0	98,961	110,262	
Total Revenues	$	354,669	$	351,747	$	5,165	$	356,912	$	360,087	

Expenditures						
Interest - 11/1	$	83,325	$	83,325	$	-	$	83,325	$	82,025	
Principal - 5/1	80,000	0	80,000	80,000	85,000	
Interest - 5/1	83,325	0	83,325	83,325	82,025	
Total Expenditures	$	246,650	$	83,325	$	163,325	$	246,650	$	249,050	
						
Net Change in Fund Balance	$	108,019	$	268,422	$	(158,160)	$	110,262	$	111,037	

Interest Expense 11/1/25  $
Total $

80,644
80,644

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family	200	$	249,825	$	1,249	$	1,343	
	200	$	249,825			

Series 2022 A4 Special Assessment Bonds Amortization Schedule

Date	Balance	Principal	Interest	Total

11/01/23	$
05/01/24	$

4,215,000.00	$
4,215,000.00	$

$
80,000.00	$

83,325.00  $
83,325.00  $

83,325.00
-

11/01/24
05/01/25

$
$

4,135,000.00	$
4,135,000.00	$

-	$
85,000.00	$

82,025.00  $
82,025.00  $

245,350.00
-

11/01/25	$
05/01/26	$
11/01/26	$
05/01/27	$
11/01/27	$
05/01/28	$
11/01/28	$
05/01/29	$
11/01/29	$
05/01/30	$
11/01/30	$
05/01/31	$
11/01/31	$
05/01/32	$
11/01/32	$
05/01/33	$
11/01/33	$
05/01/34	$
11/01/34	$
05/01/35	$
11/01/35	$
05/01/36	$
11/01/36	$
05/01/37	$
11/01/37	$
05/01/38	$
11/01/38	$
05/01/39	$
11/01/39	$
05/01/40	$
11/01/40	$
05/01/41	$
11/01/41	$
05/01/42	$
11/01/42	$
05/01/43	$
11/01/43	$
05/01/44	$
11/01/44	$
05/01/45	$
11/01/45	$
05/01/46	$
11/01/46	$
05/01/47	$
11/01/47	$
05/01/48	$
11/01/48	$
05/01/49	$
11/01/49	$
05/01/50	$
11/01/50	$
05/01/51	$
11/01/51	$
05/01/52	$

4,050,000.00	$
3,870,000.00	$
3,870,000.00	$
3,870,000.00	$
3,870,000.00	$
3,870,000.00	$
3,775,000.00	$
3,775,000.00	$
3,680,000.00	$
3,680,000.00	$
3,365,000.00	$
3,365,000.00	$
3,365,000.00	$
3,365,000.00	$
3,365,000.00	$
3,365,000.00	$
3,255,000.00	$
3,255,000.00	$
3,140,000.00	$
3,140,000.00	$
3,020,000.00	$
3,020,000.00	$
2,895,000.00	$
2,895,000.00	$
2,765,000.00	$
2,765,000.00	$
2,630,000.00	$
2,630,000.00	$
2,490,000.00	$
2,490,000.00	$
2,025,000.00	$
2,025,000.00	$
2,025,000.00	$
2,025,000.00	$
2,025,000.00	$
2,025,000.00	$
1,860,000.00	$
1,860,000.00	$
1,685,000.00	$
1,685,000.00	$
1,505,000.00	$
1,505,000.00	$
1,315,000.00	$
1,315,000.00	$
1,120,000.00	$
1,120,000.00	$
915,000.00	$
915,000.00	$
700,000.00	$
700,000.00	$
475,000.00	$
475,000.00	$
240,000.00	$
240,000.00	$

$
90,000.00	$
$
90,000.00	$
$
95,000.00	$
$
95,000.00	$
$
100,000.00	$
$
105,000.00	$
$
110,000.00	$
$
110,000.00	$
$
115,000.00	$
$
120,000.00	$
$
125,000.00	$
$
130,000.00	$
$
135,000.00	$
$
140,000.00	$
$
150,000.00	$
$
155,000.00	$
$
160,000.00	$
$
165,000.00	$
$
175,000.00	$
$
180,000.00	$
$
190,000.00	$
$
195,000.00	$
$
205,000.00	$
$
215,000.00	$
$
225,000.00	$
$
235,000.00	$
$
240,000.00	$

80,643.75  $
80,643.75  $
79,181.25  $
79,181.25  $
77,718.75  $
77,718.75  $
75,996.88  $
75,996.88  $
74,275.00  $
74,275.00  $
72,462.50  $
72,462.50  $
70,559.38  $
70,559.38  $
68,565.63  $
68,565.63  $
66,365.63  $
66,365.63  $
64,065.63  $
64,065.63  $
61,665.63  $
61,665.63  $
59,165.63  $
59,165.63  $
56,565.63  $
56,565.63  $
53,865.63  $
53,865.63  $
51,065.63  $
51,065.63  $
48,065.63  $
48,065.63  $
44,965.63  $
44,965.63  $
41,765.63  $
41,765.63  $
38,362.50  $
38,362.50  $
34,753.13  $
34,753.13  $
31,040.63  $
31,040.63  $
27,121.88  $
27,121.88  $
23,100.00  $
23,100.00  $
18,871.88  $
18,871.88  $
14,437.50  $
14,437.50  $
9,796.88  $
9,796.88  $
4,950.00  $
4,950.00  $

247,668.75
- 249,825.00
- 246,900.00
- 248,715.63
- 245,271.88
- 246,737.50
- 248,021.88
- 249,125.00
- 244,931.25
- 245,431.25
- 245,731.25
- 245,831.25
- 245,731.25
- 245,431.25
- 244,931.25
- 249,131.25
- 248,031.25
- 246,731.25
- 245,128.13
- 248,115.63
- 245,793.75
- 248,162.50
- 245,221.88
- 246,971.88
- 248,309.38
- 249,234.38
- 249,746.88
244,950.00

$	4,215,000.00  $	3,029,487.50  $	7,244,487.50

Adopted Budget
Series 2023 Area 5 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2024	3/31/24	6 Months	9/30/24	FY2025	

Revenues						
Assessments -Direct	$	553,728	$	366,235	$	187,493	$	553,728	$	553,728	
Interest Income	0	15,403	10,000	25,403	0	
Carry Forward Surplus	170,598	175,661	0	175,661	253,979	
Total Revenues	$	724,326	$	557,299	$	197,493	$	754,792	$	807,707	

Expenditures						
Interest - 11/1	$	168,198	$	168,198	$	-	$	168,198	$	219,934	
Principal - 5/1	110,000	0	110,000	110,000	115,000	
Interest - 5/1	222,616	0	222,616	222,616	219,934	
Total Expenditures	$	500,814	$	168,198	$	332,616	$	500,814	$	554,869	

Other Financing Sources/(Uses)						

Bond Proceeds	
$	-	$	-	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	$	-	

Net Change in Fund Balance

$	223,512	$	389,101	$	(135,123)  $	253,979	$	252,838

Interest Expense 11/1/25  $
Total $

217,131
217,131

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family	443	$	553,728	$	1,250	$	1,344	
	443	$	553,728			

VillaMar
Community Development District Series 2023 A5 Special Assessment Bonds Amortization Schedule

Date	Balance	Principal	Interest	Total

11/01/23	$
05/01/24	$

7,940,000.00	$
7,940,000.00	$

$
110,000.00  $

168,198.47  $
222,615.63

168,198.47

11/01/24
05/01/25

$
$

7,830,000.00	$
7,830,000.00	$

-	$
115,000.00  $

219,934.38  $
219,934.38

552,550.00

11/01/25	$
05/01/26	$
11/01/26	$
05/01/27	$
11/01/27	$
05/01/28	$
11/01/28	$
05/01/29	$
11/01/29	$
05/01/30	$
11/01/30	$
05/01/31	$
11/01/31	$
05/01/32	$
11/01/32	$
05/01/33	$
11/01/33	$
05/01/34	$
11/01/34	$
05/01/35	$
11/01/35	$
05/01/36	$
11/01/36	$
05/01/37	$
11/01/37	$
05/01/38	$
11/01/38	$
05/01/39	$
11/01/39	$
05/01/40	$
11/01/40	$
05/01/41	$
11/01/41	$
05/01/42	$
11/01/42	$
05/01/43	$
11/01/43	$
05/01/44	$
11/01/44	$
05/01/45	$
11/01/45	$
05/01/46	$
11/01/46	$
05/01/47	$
11/01/47	$
05/01/48	$
11/01/48	$
05/01/49	$
11/01/49	$
05/01/50	$
11/01/50	$
05/01/51	$
11/01/51	$
05/01/52	$
11/01/52	$
05/01/53	$

7,715,000.00	$
7,715,000.00	$
7,595,000.00	$
7,595,000.00	$
7,470,000.00	$
7,470,000.00	$
7,340,000.00	$
7,340,000.00	$
7,200,000.00	$
7,200,000.00	$
7,055,000.00	$
7,055,000.00	$
6,900,000.00	$
6,900,000.00	$
6,735,000.00	$
6,735,000.00	$
6,565,000.00	$
6,565,000.00	$
6,385,000.00	$
6,385,000.00	$
6,195,000.00	$
6,195,000.00	$
5,990,000.00	$
5,990,000.00	$
5,775,000.00	$
5,775,000.00	$
5,545,000.00	$
5,545,000.00	$
5,305,000.00	$
5,305,000.00	$
5,050,000.00	$
5,050,000.00	$
4,495,000.00	$
4,195,000.00	$
4,195,000.00	$
4,195,000.00	$
4,195,000.00	$
4,195,000.00	$
3,875,000.00	$
3,875,000.00	$
3,535,000.00	$
3,535,000.00	$
3,175,000.00	$
3,175,000.00	$
2,795,000.00	$
2,795,000.00	$
2,395,000.00	$
2,395,000.00	$
1,970,000.00	$
1,970,000.00	$
1,520,000.00	$
1,520,000.00	$
1,040,000.00	$
1,040,000.00	$
535,000.00  $
535,000.00  $

$
120,000.00  $
$
125,000.00  $
$
130,000.00  $
$
140,000.00  $
$
145,000.00  $
$
155,000.00  $
$
165,000.00  $
$
170,000.00  $
$
180,000.00  $
$
190,000.00  $
$
205,000.00  $
$
215,000.00  $
$
230,000.00  $
$
240,000.00  $
$
255,000.00  $
$
270,000.00  $
$
285,000.00  $
$
300,000.00  $
$
320,000.00  $
$
340,000.00  $
$
360,000.00  $
$
380,000.00  $
$
400,000.00  $
$
425,000.00  $
$
450,000.00  $
$
480,000.00  $
$
505,000.00  $
$
535,000.00  $

217,131.25  $
217,131.25
214,206.25  $
214,206.25
211,159.38  $
211,159.38
207,990.63  $
207,990.63
204,578.13  $
204,578.13
201,043.75  $
201,043.75
196,684.38  $
196,684.38
192,043.75  $
192,043.75
187,262.50  $
187,262.50
182,200.00  $
182,200.00
176,856.25  $
176,856.25
171,090.63  $
171,090.63
165,043.75  $
165,043.75
158,575.00  $
158,575.00
151,825.00  $
151,825.00
144,653.13  $
144,653.13
137,059.38  $
137,059.38
129,043.75  $
129,043.75
120,606.25  $
120,606.25
111,406.25  $
111,406.25
101,631.25  $
101,631.25
91,281.25  $
91,281.25
80,356.25  $
80,356.25
68,856.25  $
68,856.25
56,637.50  $
56,637.50
43,700.00  $
43,700.00
29,900.00  $
29,900.00
15,381.25  $
15,381.25  $

552,065.63

551,337.50

550,365.63

549,150.00

552,568.75

550,621.88

552,728.13

553,728.13

549,306.25

549,462.50

549,056.25

552,946.88

551,134.38

553,618.75

550,400.00

551,478.13

551,712.50

551,103.13

549,650.00

552,012.50

553,037.50

552,912.50

551,637.50

549,212.50

550,493.75

550,337.50

553,600.00

550,281.25
550,381.25

$	7,940,000.00  $	8,767,089.10  $	16,707,089.10

VillaMar
Community Development District
Adopted Budget
Series 2024 Area 6 Debt Service Fund

Proposed Budget
Description	FY2024	Actual Thru 3/31/24	Projected Next
6 Months	Projected Thru 9/30/24	Proposed Budget FY2025	

Revenues							
Assessments	$	-		$	-	$	343,608	$	343,608	$	603,000	
Interest Income		0	2,041	500	2,541	0	
Carry Forward Surplus		0	0	0	0	343,608	
Total Revenues	$	-		$	2,041	$	344,108	$	346,149	$	946,608	

Expenditures							
Interest - 11/1	$	-	$	-	$	-	$	-	$	343,608	
Principal - 5/1			0			0			0			0		120,000	
Interest - 5/1			0			0			0			0		240,659	
Total Expenditures	$	-		$	-		$	-		$	-		$	704,267	

Other Financing Sources/(Uses)					
Bond Proceeds	$	-	$	946,608	$	-	$	946,608	$	-	
Total Other Financing Sources/(Uses)	$	-	$	946,608	$	-	$	946,608	$	-	
					
Net Change in Fund Balance	$	-	$	948,649	$	344,108	$  1,292,757	$	242,341	

Interest Expense 11/1/25  $
Total $

237,884
237,884

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family - Meritage	150	$	202,349	$	1,349	$	1,451	
Single Family	243	$	400,651	$	1,649	$	1,773	
	393	$	603,000			

Villamar Community Development District Series 2024 Special Assessment Bonds
Amortization Schedule

Date	Balance	Prinicpal	Interest	Total

11/01/24	$	8,700,000.00	$	
05/01/25	$	8,700,000.00	$	
11/01/25	$	8,580,000.00	$	
05/01/26	$	8,580,000.00	$	
11/01/26	$	8,450,000.00	$	
05/01/27	$	8,450,000.00	$	
11/01/27	$	8,315,000.00	$	
05/01/28	$	8,315,000.00	$	
11/01/28	$	8,175,000.00	$	
05/01/29	$	8,175,000.00	$	
11/01/29	$	8,030,000.00	$	
05/01/30	$	8,030,000.00	$	
11/01/30	$	7,875,000.00	$	
05/01/31	$	7,875,000.00	$	
11/01/31	$	7,715,000.00	$	
05/01/32	$	7,715,000.00	$	
11/01/32	$	7,545,000.00	$	
05/01/33	$	7,545,000.00	$	
11/01/33	$	7,365,000.00	$	
05/01/34	$	7,365,000.00	$	
11/01/34	$	7,175,000.00	$	
05/01/35	$	7,175,000.00	$	
11/01/35	$	6,975,000.00	$	
05/01/36	$	6,975,000.00	$	
11/01/36	$	6,765,000.00	$	
05/01/37	$	6,765,000.00	$	
11/01/37	$	6,540,000.00	$	
05/01/38	$	6,540,000.00	$	
11/01/38	$	6,305,000.00	$	
05/01/39	$	6,305,000.00	$	
11/01/39	$	6,055,000.00	$	
05/01/40	$	6,055,000.00	$	
11/01/40	$	5,790,000.00	$	
05/01/41	$	5,790,000.00	$	
11/01/41	$	5,510,000.00	$	
05/01/42	$	5,510,000.00	$	
11/01/42	$	5,215,000.00	$	
05/01/43	$	5,215,000.00	$	
11/01/43	$	4,905,000.00	$	
05/01/44	$	4,905,000.00	$	
11/01/44	$	4,575,000.00	$	
05/01/45	$	4,575,000.00	$	
11/01/45	$	4,225,000.00	$	
05/01/46	$	4,225,000.00	$	
11/01/46	$	3,855,000.00	$	
05/01/47	$	3,855,000.00	$	
11/01/47	$	3,465,000.00	$	
05/01/48	$	3,465,000.00	$	
11/01/48	$	3,050,000.00	$	
05/01/49	$	3,050,000.00	$	
11/01/49	$	2,610,000.00	$	
05/01/50	$	2,610,000.00	$	
11/01/50	$	2,145,000.00	$	
05/01/51	$	2,145,000.00	$	
11/01/51	$	1,655,000.00	$	
05/01/52	$	1,655,000.00	$	
11/01/52	$	1,135,000.00	$	
05/01/53	$	1,135,000.00	$	
11/01/53	$	585,000.00	$	
05/01/54	$	585,000.00	$	

- 120,000.00
- 130,000.00
- 135,000.00
- 140,000.00
- 145,000.00
- 155,000.00
- 160,000.00
- 170,000.00
- 180,000.00
- 190,000.00
- 200,000.00
- 210,000.00
- 225,000.00
- 235,000.00
- 250,000.00
- 265,000.00
- 280,000.00
- 295,000.00
- 310,000.00
- 330,000.00
- 350,000.00
- 370,000.00
-
390,000.00
- 415,000.00
- 440,000.00
- 465,000.00
- 490,000.00
- 520,000.00
- 550,000.00
- 585,000.00

343,608.11

$	343,608.11	$	
$	240,659.38	$	
$	237,884.38	$	
$	237,884.38	$	
$	234,878.13	$	
$	234,878.13	$	
$	231,756.25	$	
$	231,756.25	$	
$	228,518.75	$	
$	228,518.75	$	
$	225,165.63	$	
$	225,165.63	$	
$	221,581.25	$	
$	221,581.25	$	
$	217,881.25	$	
$	217,881.25	$	
$	213,206.25	$	
$	213,206.25	$	
$	208,256.25	$	
$	208,256.25	$	
$	203,031.25	$	
$	203,031.25	$	
$	197,531.25	$	
$	197,531.25	$	
$	191,756.25	$	
$	191,756.25	$	
$	185,568.75	$	
$	185,568.75	$	
$	179,106.25	$	
$	179,106.25	$	
$	172,231.25	$	
$	172,231.25	$	
$	164,943.75	$	
$	164,943.75	$	
$	157,243.75	$	
$	157,243.75	$	
$	149,131.25	$	
$	149,131.25	$	
$	140,606.25	$	
$	140,606.25	$	
$	131,531.25	$	
$	131,531.25	$	
$	121,468.75	$	
$	121,468.75	$	
$	110,831.25	$	
$	110,831.25	$	
$	99,618.75	$	
$	99,618.75	$	
$	87,687.50	$	
$	87,687.50	$	
$	75,037.50	$	
$	75,037.50	$	
$	61,668.75	$	
$	61,668.75	$	
$	47,581.25	$	
$	47,581.25	$	
$	32,631.25	$	
$	32,631.25	$	
$	16,818.75	$	
$	16,818.75	$	

- 598,543.75
- 602,762.50
- 601,634.38
- 600,275.00
- 598,684.38
- 601,746.88
- 599,462.50
- 601,087.50
- 601,462.50
- 601,287.50
- 600,562.50
- 599,287.50
- 602,325.00
- 599,675.00
- 601,337.50
- 602,175.00
- 602,187.50
- 601,375.00
- 599,737.50
- 602,137.50
- 603,000.00
- 602,300.00
- 600,450.00
- 602,306.25
- 602,725.00
- 601,706.25
- 599,250.00
- 600,212.50
- 599,450.00
601,818.75

$

8,700,000.00  $

9,674,573.74  $

18,374,573.74

Section V

RESOLUTION 2024-09

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VILLAMAR COMMUNITY DEVELOPMENT DISTRICT RATIFYING, CONFIRMING, AND APPROVING THE ACTIONS OF THE CHAIRPERSON, VICE CHAIRPERSON, SECRETARY, ASSISTANT SECRETARIES, AND ALL DISTRICT STAFF REGARDING THE SALE AND CLOSING OF $8,700,000 VILLAMAR COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT BONDS, SERIES 2024 (ASSESSMENT AREA SIX PROJECT); PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING 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, located in the City of Winter Haven, Florida; and

WHEREAS, the District previously adopted Resolution Nos. 2019-24, 2021-08, 2023-02, and 2024-03 on December 5, 2018, March 2, 2021, January 11, 2023, and December 5, 2023, respectively (collectively, the “Bond Resolution”), authorizing the issuance of its Villamar Community Development District $8,700,000 Special Assessment Bonds, Series 2024 (Assessment Area Six Project) (the “Assessment Area Six Bonds”), for the purpose of financing the acquisition and/or construction of all or a portion of the public infrastructure necessary for Phases 7A and 7B of the District (the “Assessment Area Six Project”), as described in the Amended and Restated Master Engineer’s Report for Capital Improvements, dated December 15, 2022, as 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 (together, the “Engineer’s Report”); and

WHEREAS, the District closed on the issuance of the Assessment Area Six Bonds on February 14, 2024; and
WHEREAS, as prerequisites to the issuance of the Assessment Area Six Bonds, the Chairperson, Vice Chairperson, Treasurer, Secretary, Assistant Secretaries, and District staff including the District Manager, District Assessment Consultant, District Counsel and Bond Counsel (the “District Staff”) were required to execute and deliver various documents (the “Closing Documents”); and

WHEREAS, the District desires to ratify, confirm, and approve all actions of the District Chairperson, Vice Chairperson, Treasurer, Secretary, Assistant Secretaries, and District Staff in closing on the issuance of the Assessment Area Six Bonds.

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

SECTION 1. The issuance of the Assessment Area Six Bonds, the adoption of resolutions relating to such Bonds, and all actions taken in the furtherance of the closing on such Bonds, are hereby declared and affirmed as being in the best interests of the District and are hereby ratified, approved, and confirmed by the Board of Supervisors of the District.
SECTION 2. The actions of the Chairperson, Vice Chairperson, Treasurer, Secretary, Assistant Secretaries, and all District Staff in finalizing the closing and issuance of the Assessment Area Six Bonds, including the execution and delivery of the Closing Documents, and such other certifications or other documents required for the closing on the Assessment Area Six Bonds, are determined to be in accordance with the prior authorizations of the Board and are hereby ratified, approved, and confirmed in all respects.

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.

SECTION 4. This Resolution shall become effective upon its adoption.

PASSED AND ADOPTED this 7th day of May 2024.

ATTEST:	VILLAMAR COMMUNITY
DEVELOPMENT DISTRICT

Secretary	Chairperson, Board of Supervisors

Section VI

Upon recording, this instrument should be returned to:

(This space reserved for Clerk)

VillaMar Community Development District c/o Governmental Management Services 219 East Livingston Street
Orlando, Florida 32801

FOURTH AMENDED AND RESTATED DISCLOSURE OF PUBLIC FINANCING AND MAINTENANCE OF
IMPROVEMENTS TO REAL PROPERTY UNDERTAKEN BY THE VILLAMAR COMMUNITY DEVELOPMENT DISTRICT1

Board of Supervisors2

VillaMar Community Development District

Warren K. (“Rennie”) Heath II Chairperson
Brian Walsh Vice Chairperson

Lauren Schwenk Assistant Secretary
Eric Lavoie Assistant Secretary

Milton Andrade Assistant Secretary

Governmental Management Services District Manager
219 East Livingston Street Orlando, Florida 32308

1 This amends, supplements and restates the Disclosure of Public Financing and Maintenance of Improvements to Real Property Undertaken by the VillaMar Community Development District, recorded in the Official Records Book 10946, Pages 0938-0948, inclusive, of the Public Records of Polk County, Florida, the Amended and Restated Disclosure of Public Financing and Maintenance of Improvements to Real Property Undertaken by the VillaMar Community Development District, recorded in the Official Records Book 11571, Pages 0527-0539, inclusive of the Public Records of Polk County, Florida, the Second Amended and Restated Disclosure of Public Financing and Maintenance of Improvements to Real Property Undertaken by the VillaMar Community Development District, recorded in the Official Records Book 12305, Pages 0311-0328, inclusive of the Public Records of Polk County, Florida, and the Third Amended and Restated Disclosure of Public Financing and Maintenance of Improvements to Real Property Undertaken by the VillaMar Community Development District recorded in the Official Records Book 12792, Pages 1978-1993, inclusive of the Public Records of Polk County, Florida.

2 This list reflects the composition of the Board of Supervisors as of April 29, 2024. For a current list of Board Members, please contact the District Manager’s office.

District records are on file at the offices of Governmental Management Services, located at 219 East Livingston Street, Orlando, Florida 32801, and at the District’s local records office at the offices of Cassidy Homes, 346 E. Central Avenue, Winter Haven, Florida 33880, and are available for public inspection upon request during normal business hours.

TABLE OF CONTENTS
Introduction	4
What is the District and how is it governed?	5
What infrastructure improvements does the District provide
and how are the improvements paid for?	6
Assessments, Fees and Charges	10
Method of Collection	11

VILLAMAR
COMMUNITY DEVELOPMENT DISTRICT INTRODUCTION
The VillaMar Community Development District (“District”) is a local unit of special- purpose government created pursuant to and existing under the provisions of Chapter 190, Florida Statutes. Under Florida law, community development districts are required to take affirmative steps to provide for the full disclosure of information relating to the public financing and maintenance of improvements to real property undertaken by such districts. Unlike city and county governments, the District has only certain limited powers and responsibilities. These powers and responsibilities include, for example, construction and/or acquisition, as well maintenance of roadways, utilities, earthwork, stormwater management, landscape, irrigation, entry features, street lighting, underground electric, conservation and mitigation, an amenity facility, and other related public infrastructure.

FOURTH AMENDED AND RESTATED DISCLOSURE OF PUBLIC FINANCING AND MAINTENANCE OF IMPROVEMENTS TO REAL PROPERTY UNDERTAKEN BY
THE VILLAMAR COMMUNITY DEVELOPMENT DISTRICT

Under Florida law, community development districts are required to take affirmative steps to provide for the full disclosure of information relating to the public financing and maintenance of improvements to real property undertaken by such districts. The law specifically provides that this information shall be made available to all persons currently residing within the District and to all prospective District residents. The following information describing the VillaMar Community Development District and the assessments, fees and charges that may be levied within the District to pay for certain community infrastructure is provided to fulfill this statutory requirement.

What is the District and how is it governed?

The District is an independent special taxing district, created pursuant to and existing under the provisions of Chapter 190, Florida Statutes (the “Act”), and established by Ordinance No. O-18-70, enacted by the City Commission of the City of Winter Haven, Florida (the, “City”), which was effective on November 26, 2018, as amended by Ordinance No. O-20-40, effective October 26, 2020, Ordinance No. O-21-32, effective on April 12, 2021, and Ordinance No. O-22-68, effective on November 28, 2022, all enacted by the City (collectively, the “Ordinance”). The District encompasses approximately 583.79 acres of land, more or less, located entirely within the boundaries of the City. As a local unit of special-purpose government, the District provides a means for planning, financing, constructing, operating and maintaining various public improvements and community facilities within its jurisdiction.
The District is governed by a five-member Board of Supervisors, the members of which must be residents of the State and citizens of the United States. Within ninety (90) days of appointment of the initial board, members were elected on an at-large basis by the owners of property within the District, each landowner being entitled to one vote for each acre of land with fractions thereof rounded upward to the nearest whole number. Elections are then held every two years in November. Commencing when both six years after the initial appointment of Supervisors have passed and the District has attained a minimum of two hundred and fifty (250) qualified electors, Supervisors whose terms are expiring have been or will begin to be elected by qualified electors of the District. A “qualified elector” in this instance is any person at least eighteen (18) years of age who is a citizen of the United States, a legal resident of Florida and of the District, and who is also registered with the Supervisor of Elections to vote in Polk County (“County”). Notwithstanding the foregoing, if at any time the Board proposes to exercise its ad valorem taxing power, it shall, prior to the exercise of such power, call an election at which all members of the Board shall be elected by qualified electors of the District.

Board meetings are noticed in a local newspaper and conducted in a public forum in which public participation is permitted. Consistent with Florida’s public records laws, the records of the District are available for public inspection during normal business hours. Elected members of the Board are similarly bound by the State’s open meetings law and are generally

subject to the same disclosure requirements as other elected officials under the State’s ethics laws.

What infrastructure improvements does the District provide and how are the improvements paid for?
The District is comprised of approximately 583.79 acres of land located entirely within the City, in Polk County, Florida. The legal description of the lands encompassed within the District is attached hereto as Exhibit “A.” The public infrastructure necessary to support the District’s development program includes, but is not limited to, roadways, stormwater management system facilities, off-site improvements; water and wastewater facilities, landscaping, hardscaping and irrigation, and street lighting. These infrastructure improvements are more fully detailed below. To plan the infrastructure improvements necessary for the District, the District adopted an Engineer’s Report for Capital Improvements, dated January 3, 2019, as supplemented by that Supplemental Engineer’s Report for Capital Improvements, dated March 20, 2019, as again supplemented by that Second Supplemental Engineer’s Report for Capital Improvements, dated November 3, 2020, as amended by that Amended and Restated Master Engineer’s Report for Capital Improvements, dated April 13, 2021, and as amended by that Amended and Restated Master Engineer’s Report for Capital Improvements, dated February 15, 2022, the Amended and Restated Master Engineer’s Report for Capital Improvements, dated December 15, 2022, and 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 (collectively, the “Engineer’s Report”), which details all of the improvements contemplated for the completion of the infrastructure of the District (the “Capital Improvement Plan”). Copies of the Engineer’s Report are available for review in the District’s public records.
These public infrastructure improvements as described in the Capital Improvement Plan have been or will be funded by the District’s sale of bonds. By way of Resolution Nos. 2019-24, 2021-08, 2023-02, 2023-10, and 2024-03 adopted on December 5, 2018, March 2, 2021, January
11, 2023, May 2, 2023, and December 5, 2023, respectively, the Board authorized the following:

On February 14, 2019, the Circuit Court for the Tenth Judicial Circuit, in and for Hardee, Highlands, and Polk Counties, entered a Final Judgment validating the District’s ability to issue an aggregate principal amount not to exceed $22,250,000 in Special Assessment Bonds for infrastructure needs of the District; on December 6, 2021, the Circuit Court for the Tenth Judicial Circuit, in and for Hardee, Highlands, and Polk Counties, entered a second Final Judgment validating the District’s ability to issue an aggregate principal amount not to exceed $50,000,000, (inclusive of the previously validated $22,250,000 and the additional $27,2750,000 in aggregate principal amount) in Special Assessment Bonds for infrastructure needs of the District; and on April 10, 2023, the Circuit Court for the Tenth Judicial Circuit, in and for Hardee, Highlands, and Polk Counties, entered a third Final Judgment validating the District’s ability to issue an aggregate principal amount not to exceed $77,615,000, (inclusive of the previously validated
$50,000,000 in aggregate principal amount and the additional $27,615,000 in aggregate principal amount) in Special Assessment Bonds for infrastructure needs of the District; and

On June 25, 2019, the District issued a series of bonds for purposes of partially financing the construction and acquisition costs of infrastructure for the improvements to Phase 1 of the District (the “Series 2019 Project”). On that date, the District issued its VillaMar Community Development District, Special Assessment Bonds, Series 2019, in the amount of $7,180,000 (the “Series 2019 Bonds”). Proceeds of the Series 2019 Bonds have been or are being used to finance the cost of a portion of the acquisition, construction, installation, and equipping of the Series 2019 Project; and

On November 24, 2020, the District issued a series of bonds for purposes of partially financing the construction and acquisition costs of infrastructure for the improvements to Phase 2 of the District (the “Series 2020 Project”). On that date, the District issued its VillaMar Community Development District Special Assessment Bonds, Series 2020, in the amount of
$6,500,000 (the “Series 2020 Bonds”). Proceeds of the Series 2020 Bonds have been or are being used to finance the cost of a portion of the acquisition, construction, installation and equipping of the Series 2020 Project; and

On March 18, 2022, the District issued a series of bonds for purposes of partially financing the construction and acquisition costs of infrastructure for the improvements (the “Series 2022 Project”) of the District. On that date, the District issued its VillaMar Community Development District Special Assessment Bonds, Series 2020 (Phase 3 Project), in the amount of
$3,040,000 (the “Phase 3 Bonds”), and its VillaMar Community Development District Special Assessment Bonds, Series 2022 (Phase 4 Project), in the amount of $4,295,000 (the “Phase 4 Bonds” and, together with the Phase 3 Bonds, the “Series 2022 Bonds”). Proceeds of the Phase
3 Bonds have been or are being used to finance the cost of a portion of the acquisition, construction, installation and equipping of the Series 2022 Project pertaining to Phase 3. Proceeds of the Phase 4 Bonds have been or are being used to finance the cost of a portion of the acquisition, construction, installation and equipping of the Series 2022 Project pertaining to Phase 4; and

On June 15, 2023, the District issued a series of bonds for purposes of partially financing the construction and acquisition costs of infrastructure for the improvements in Phase 5, also described as development Phases 6 and 6D of the District (the “Assessment Area Five Project”). On that date, the District issued its VillaMar Community Development District Special Assessment Bonds, Series 2023, in the amount of $7,940,000 (the “Assessment Area Five Bonds”). Proceeds of the Assessment Area Five Bonds have been or are being used to finance the cost of a portion of the acquisition, construction, installation and equipping of the Assessment Area Five Project.
On February 14, 2024, the District issued a series of bonds for purposes of partially financing the construction and acquisition costs of infrastructure for the improvements in Phases 7A and 7B of the District (the “Assessment Area Six Project”). On that date, the District issued its VillaMar Community Development District Special Assessment Bonds, Series 2024, in the amount of $8,700,000 (the “Assessment Area Six Bonds”). Proceeds of the Assessment Area Six Bonds have been or are being used to finance the cost of a portion of the acquisition, construction, installation, and equipping of the Assessment Area Six Project.

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 District. 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 have been or 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 have been or 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 have been or 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 roadways will also require signage and pavement markings within the public rights- of-way, as well as street signs depicting street name identifications, and addressing, which have been or 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 have been or will be installed for the District. The water service provider have been or will be the City of Winter Haven Public Utilities. The water system have been or will be a "looped" system and have been or 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 have been or will be installed. The gravity sanitary sewer mains have been or will be 8" diameter PVC. The gravity sanitary sewer lines have been or will be placed inside of the proposed public rights-of-way, under the proposed paved roadways. Branching off from these sewer lines have been or 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 have been or 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 provided 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 (Development Phase 1 & 2) in 2019-2020 (334 Lots), Phase 2 (Development Phase 3), in 2020-2022 (281 lots), Phase 3 (Development
Phase 4), in 2021-2023 (140 lots), Phase 4 (Development Phase 5), in 2022-2024 (200 lots),
Phase 5 (Development Phase 6 & 6D), in 2023-2024 (443 lots), Phase 6 (Development Phase 7),
in 2023-2024 (391 lots), and Phase 7 (Development Phase 8), in 2024-2025 (211 lots). Upon completion of each phase of these improvements, inspection/certifications have been or will be obtained from the SWFWMD; the Polk County Health Department (water distribution system), Florida Department of Environmental Protection (FDEP) (wastewater collection) and the City.
Amenities and Parks
The District will provide funding for an amenity center to include the following: parking area, pavilion with restroom facilities, pool, tot lot, dog park/all-purpose play field, and walking trails around the amenity center.

Electric and Lighting

The electric distribution system through the District is currently planned to be underground. 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 have been or 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 perimeter of the District have been or 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 District have been or will be constructed or acquired by the District 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 District. Perimeter fencing have been or will be provided at the site entrances and perimeters that is used for buffering purposes. These items have been or will be funded, owned and maintained by the District.

Assessments, Fees and Charges

A portion of the master infrastructure improvements identified separately as the Series 2019 Project, the Series 2020 Project, the Series 2022 Project, the Assessment Area Five Project, and the Assessment Area Six Project (and together, the “Projects”), identified in the District’s Capital Improvement Plan, have been or will be financed by the District from the proceeds of the sale of its Series 2019 Bonds, the Series 2020 Bonds, the Series 2022 Bonds, the Assessment Area Five Bonds, and the Assessment Area Six Bonds, respectively (together, the “Bonds”). The amortization schedules for the Series 2019 Bonds, the Series 2020 Bonds, the Phase 3 Bonds, the Phase 4 Bonds, the Assessment Area Five Bonds, and the Assessment Area Six Bonds are available in the District’s public records. The annual debt service obligations of the District must be defrayed by annual assessments on benefited property. Copies of the District’s Master Assessment Methodology, dated December 5, 2018, as supplemented by that Supplemental Assessment Methodology for Phase 1, dated June 12, 2019, as further supplemented by that Supplemental Assessment Methodology (Series 2020 Assessment Area), dated November 12, 2020, as amended by that Amended and Restated Master Assessment Methodology, dated May 12, 2021, and further amended by the Amended and Restated Master Assessment Methodology, dated July 20, 2021, the Amendment to the Amended and Restated Master Assessment Methodology (Phases 5, 6, 7A, 7B, and 8), dated January 3, 2023, as supplemented by the Supplemental Assessment Methodology for Assessment Area Five, dated May 31, 2023, and as further supplemented by the Supplemental Assessment Methodology for Assessment Area Six, dated January 25, 2024 (collectively, the “Assessment Methodology”), are available for review in the District’s public records.

The Bonds and associated interest are payable solely from and secured by non-ad valorem special assessments levied against those lands within the District that benefit from the design, construction, and/or acquisition and operation of each of the District’s Projects (collectively, the “Debt Assessments”), and separately, the Series 2019 Debt Assessments, the Series 2020 Debt Assessments, the Phase 3 Debt Assessments, the Phase 4 Debt Assessments, the Assessment Area Five Debt Assessments, and the Assessment Area Six Debt Assessments.

The Debt Assessments are typically billed in the same manner as are County ad valorem taxes but may be billed directly by the District. The Debt Assessments are levied in accordance with the District’s Assessment Methodology and represent an allocation of the costs of the respective Projects to those lands within the District benefiting from the respective Projects.
The Debt Special Assessments described above exclude any operations and maintenance assessments (“O&M Assessments”), which may be determined and calculated annually by the District’s Board of Supervisors and are levied against all benefitted lands in the District. A detailed description of all costs and allocations which result in the formulation of assessments, fees, and charges is available for public inspection upon request.

The Capital Improvement Plan and financing plan of the District as presented herein reflect the District’s current intentions, and the District expressly reserves the right in its sole discretion to change those plans at any time. Additionally, the District may undertake the construction, reconstruction, acquisition, or installation of future improvements and facilities, which may be financed by bonds, notes, or other methods authorized by Chapter 190, Florida Statutes.

Method of Collection

The District’s Debt Special Assessments, and/or current or future O&M Assessments may appear on that portion of the annual Polk County Tax Notice entitled “non-ad valorem assessments,” and have been or will be collected by the Polk County Tax Collector in the same manner as county ad valorem taxes. Each property owner must pay both ad valorem and non-ad valorem assessments at the same time. Property owners will, however, be entitled to the same discounts as provided for ad valorem taxes. As with any tax notice, if all taxes and assessments due are not paid within the prescribed time limit, the tax collector is required to sell tax certificates which, if not timely redeemed, may result in the loss of title to the property. The District may also elect to collect the assessment directly.

This description of the VillaMar Community Development District’s operation, services and financing structure is intended to provide assistance to landowners and purchasers concerning the important role that the District plays in providing maintenance and infrastructure improvements essential to the use and development of this community. If you have any questions or would simply like additional information about the District, please write to or call the: District Manager, VillaMar Community Development District, 219 East Livingston Street, Orlando, Florida 32801 or call (407) 841-5524.

The information provided herein is a good faith effort to accurately and fully disclose information regarding the public financing and maintenance of improvements to real property undertaken by the District and should only be relied upon as such. The information contained herein is, and can only be, a status summary of the District’s public financing and maintenance activities and is subject to supplementation and clarification from the actual documents and other sources from which this information is derived. In addition, the information contained herein may be subject to change over time, in the due course of the District’s activities and in accordance with Florida law. Prospective and current residents and other members of the public

should seek confirmation and/or additional information from the District Manager’s office with regard to any questions or points of interest raised by the information presented herein.

[Remainder of this page intentionally left blank]

IN WITNESS WHEREOF, this Disclosure of Public Financing and Maintenance of Improvements to Real Property Undertaken has been executed as of the 	 day of May 2024, and recorded in the Official Records of Polk County, Florida.

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT

By: Warren K. (“Rennie”) Heath II, Chairperson

Witness	Witness

Print Name	Print Name

STATE OF FLORIDA
COUNTY OF 	

The foregoing instrument was acknowledged before me by means of ▢ physical presence or ▢ online notarization this   day of May, 2024, by Warren K. (Rennie) Heath, II, as Chairperson of the Board of Supervisors of the VillaMar Community Development District.

(Official Notary Signature)
Name: 	
Personally Known 	
[notary seal]	OR Produced Identification 	
Type of Identification 	

Composite Exhibit “A”
Complete Legal Description for Villamar CDD 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 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; 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.

Section VII

RESOLUTION 2024-10

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VILLAMAR COMMUNITY DEVELOPMENT DISTRICT EXTENDING THE TERMS OF OFFICE OF ALL CURRENT SUPERVISORS TO COINCIDE WITH THE GENERAL ELECTION PURSUANT TO SECTION 190.006, FLORIDA STATUTES; PROVIDING FOR SEVERABILITY; AND PROVIDING 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; and

WHEREAS, the current members of the Board of Supervisors (the “Board”) were elected by the landowners within the District based on a one acre/one vote basis; and
WHEREAS, Chapter 190, Florida Statutes, authorizes the Board to adopt a resolution extending or reducing the terms of office of Board members to coincide with the general election in November; and

WHEREAS, the Board finds that it is in the best interests of the District to adopt this Resolution extending the terms of office of all current Supervisors of the District to coincide with the general elections in November of 2026 and 2028, subject to the requirements of Section 190.006, Florida Statutes.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE VILLAMAR COMMUNITY DEVELOPMENT DISTRICT:
SECTION 1. The following terms of office are hereby extended to coincide with the general election to be held in November of 2026, subject to the requirements of Section 190.006, Florida Statutes:

Seat #3	(currently held by Brian Walsh) Seat #4	(currently held by Milton Andrade) Seat #5	(currently held by Lauren Schwenk)

The following terms of office are hereby extended to coincide with the general election to be held in November of 2028, subject to the requirements of Section 190.006, Florida Statutes:
Seat #1	(currently held by Warren K. (“Rennie”) Heath, II) Seat #2	(currently held by Eric Lavoie)

SECTION 2. If any provision of this Resolution is held to be illegal or invalid, the other provisions shall remain in full force and effect.

SECTION 3. This Resolution shall become effective upon its passage and shall remain in effect unless rescinded or repealed.

PASSED AND ADOPTED this 7th day of May 2024.
ATTEST:	VILLAMAR COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson/Vice Chairperson, Board of Supervisors

Section VIII

Section C

1

Villa Mar CDD
Field Management Report

May 07, 2024
Marshall Tindall Field Services Manager
GMS

VillaMar CDD Field Management Report | GMS 2024

Complete

Amenity Review

Facilities are well maintained.
Monthly playground review completed. No issues found.
Reviewed pool furniture. Arranging for re-sling as needed.
Replaced TP dispenser in men’s room.

2

VillaMar CDD Field Management Report | GMS 2024

Landscape Review

Site has been well maintained overall. Dry season weather patterns stress unirrigated Bahia grass, but it is forecast to recover as normal in rainy season.
Replaced crepe myrtle from car collision.
Reviewed phase 6 for scope increase proposal.

3

VillaMar CDD Field Management Report | GMS 2024

Pond Review

Dry season weather has many ponds very low.
Most are looking good overall.
Some algal blooms are being monitored and are being treated by vendor.
Reviewed phase 6 for scope increase proposal.

4

VillaMar CDD Field Management Report | GMS 2024

Site Items

Traffic signs continue to be monitored and incremental repairs are done as construction progresses further.
Replaced damaged fence post in split rail fence on Cunningham. New parking signs were installed as approved.

5

VillaMar CDD Field Management Report | GMS 2024

Phase 6 – Maintenance Proposals

Monitoring new phase progress.
Review of new phase with vendors for proposed scope expansion in new phase.

6

VillaMar CDD Field Management Report | GMS 2024

7

Conclusion

For any questions or comments regarding the above information, please contact me by phone at 407-346-2453, or by email at mtindall@gmscfl.com. Thank you.

\ Respectfully, Marshall Tindall

VillaMar CDD Field Management Report | GMS 2024

Section 1

SUPERSEDE SERVICES CONTRACT

CUSTOMER NAME: VillaMar CDD
SUBMITTED TO: VillaMar CDD - Attn: Marshal Tindall
CONTRACT EFFECTIVE DATE: May 1, 2024, through September 30, 2025 (17 months) SUBMITTED BY: Liz Rocque, Business Development Consultant
SERVICES: Monthly Pond Maintenance for 35 Ponds for phases 1-6.

This agreement (the “Agreement”) is made as of the date indicated above and is by and between SOLitude Lake Management, LLC (“SOLitude” or the “Company”) and the customer identified above (the “Customer”) on the terms and conditions set forth in this Agreement.

The Services.  SOLitude will provide services at the Customer’s property as described in Schedule A attached hereto:

PAYMENT TERMS. The Annual Contract Price is $23,256.00. Phases 1-5, 2 visits per month, Current cost: $10,272.00
Partial phase 5 & Phase 6 with an additional monthly visit: $12,984.00 for 13 ponds.

SOLitude shall invoice Customer $1,938.00 per month for the Services to be provided under this Agreement. The term of this agreement is for a period of seventeen (17) months, with payment invoiced on the first day of each month, reminding them that a contract payment is due by the end of that same month. The customer is obligated to pay each monthly contract payment per the terms of this contract, without any obligation on the part of SOLitude to invoice or send any other sort of reminder or notice. Due to the seasonality of these services, and the disproportionate amount of time and materials dedicated to providing these services during some times of the year as compared to others, based on the season, weather patterns, and other natural factors, the amount billed and paid to date is not necessarily equivalent to the amount of work performed to date.
The Customer will be liable for any returned check fees and any collection costs, including reasonable attorney fees and court costs, for any invoices not otherwise timely paid, and interest at the rate of 1% per month may be added to all unpaid invoices. Should the work performed be subject to any local, state, or federal jurisdiction, agency, or other organization of authority for sales or other taxes or fees in addition to those expressly covered by this contract, the customer will be invoiced and responsible for paying said additional taxes in addition to the contract price and other fees above. SOLitude shall be reimbursed by the customer for any non-routine expenses, administrative fees, compliance fees, or any other similar expense that are incurred as a result of requirements placed on SOLitude by the customer that are not covered specifically by the written specifications of this contract.
Competitively Sensitive & Proprietary Materials – The information contained herein is the intellectual property of SŌLitude Lake Management. Recipient may not disclose to any outside party any proprietary information, processes, or pricing contained in this document or any of its attachments without the prior written consent of SŌLitude Lake Management. This document is provided to the recipient in good faith and it shall be the responsibility of the recipient to keep the information contained herein confidential.

888.480.LAKE (5253) | SOLITUDELAKEMANAGEMENT.COM

Section 2

VillaMar CDD- Phase 6 Landscape Fee Summary

Contractor: Prince and Sons, Inc	Property: VillaMar CDD Phase 6

Address: 200 South F	Address:	219 E Livingston St
Hianes City, FL 33844	Orlando, FL 32801
Phone: (863) 422-5207	Phone: 407-201-1514
Fax:
Contact: Lucas Martin	Contact: Clayton Smith - Field Operations
Email: lmartin@princeandsonsinc.com	Email: Csmith@gmscfl.com

JAN	
FEB	
MAR	
APRIL	
MAY	
JUN	
JUL	
AUG	
SEP	
OCT	
NOV	
DEC	
TOTAL	
GENERAL SERVICES

Turf Maintenance/Detailing/General	
4,800	
4,800	
4,800	
4,800	
4,800	
4,800	
4,800	
4,800	
4,800	
4,800	
4,800	
4,800	
$57,600	
TURF CARE
(Schedule A and Schedule B)
Bahia/St Augustine Fert													
$0	
TREE/SHRUB CARE
(Schedule C)
Tree/Shrub Fert	
180	
180	
180	
180	
180	
180	
180	
180	
180	
180	
180	
180	
$2,160	
BED DRESSING - (Enter total yards) (Schedule E - I.) May/Nov Applications
Per Yard Pricing:$52													
$0	
PALM TRIMMING
(Schedule E - III ) Per Palm Price: $50
Enter Counts to be trimmed													
$0	
ANNUAL CHANGES
(Schedule E - II ) - Extra Services
Per Annual Pricing:  $2.00													
$0

$4,320	
IRRIGATION MAINT.
(Schedule D)	
360	
360	
360	
360	
360	
360	
360	
360	
360	
360	
360	
360		

TOTAL FEE PER MONTH:	

$5,340	

$5,340	

$5,340	

$5,340	

$5,340	

$5,340	

$5,340	

$5,340	

$5,340	

$5,340	

$5,340	

$5,340	

$64,080	

Flat Fee Schedule	$5,340	$5,340	$5,340	$5,340	$5,340	$5,340	$5,340	$5,340	$5,340	$5,340	$5,340	$5,340	$64,080	

$64,080

Essential Services
Gen Services + Schedules A, B, C, D

$0

Extra Services
Annual Changes, Palm Pruning, Mulch

$64,080.00

TOTAL

Initials

Section D

Section 1

VillaMar
Community Development District

Summary of Check Register

FY2024

Bank	Date	Check No.'s	Amount	

General Fund	
3/1-3/31	
667-679	
$	37,127.09	

Capital Projects Fund	
3/1-3/31	
237-242	
$	1,069,115.06	

Autopay Utilities	
3/1-3/31	
80004-80006	
$	13,711.71	
		Total Amount	$	1,119,953.86	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/30/24	PAGE	1
*** CHECK DATES 03/01/2024 - 03/31/2024 ***	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	#
3/20/24 00039	2/20/24 8795	202401 310-51300-31500	V	2,451.06- GENERAL COUNSEL - JAN 24
KILINSKI / VAN WYK, PLLC	2,451.06-000662
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/06/24 00034	2/29/24 11791	202402 330-53800-48500	*	450.00
JANITORIAL SVCS - FEB 24
2/29/24 11791	202402 330-53800-48500	*	300.00
TRASH COLLECT - FEB 24
2/29/24 11791	202402 330-53800-48500	*	100.00
TRASH MAIL COLLECT FEB 24
CSS CLEAN STAR SERVICES CENTRAL FL	850.00 000667
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/06/24 00045	3/01/24 22213	202403 330-53800-48100	*	2,730.00
POOL MAINTENANCE - MAR 24
RESORT POOL SERVICES DBA	2,730.00 000668
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/06/24 00049	2/29/24 11642197 202402 320-53800-34500	*	2,362.88
SECURITY SERVICES - FEB24
SECURITAS SECURITY SERVICES USA,INC	2,362.88 000669
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/06/24 00041	3/02/24 PSI05525 202403 320-53800-47000	*	856.00
POND MAINTENANCE - MAR 24
SOLITUDE LAKE MANAGEMENT SERVICES	856.00 000670
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/06/24 00027	3/01/24 03012024 202403 330-53800-48600	*	1,396.07
POOL/FUR LEASE - MAR 24
3/01/24 03012024 202403 330-53800-48600	*	1,078.86
PLAYGRND/FUR LEASE- MAR24
WHFS, LLC	2,474.93 000671
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/20/24 00009	3/01/24 249	202403 310-51300-34000	*	3,541.67
MANAGEMENT FEES - MAR 24
3/01/24 249	202403 310-51300-35200	*	100.00
WEBSITE ADMIN - MAR 24
3/01/24 249	202403 310-51300-35100	*	150.00
INFORMATION TECH - MAR 24
3/01/24 249	202403 310-51300-31300	*	833.33
DISSEMINATION - MAR 24
3/01/24 249	202403 330-57200-12000	*	625.00
AMENITY ACCESS - MAR 24
3/01/24 249	202403 310-51300-51000	*	3.61
OFFICE SUPPLIES - MAR 24
3/01/24 249	202403 310-51300-42000	*	72.47
POSTAGE - MAR 24
3/01/24 249	202403 310-51300-42500	*	4.50
COPIES - MAR 24
VMCD VILLAMAR CDD	PPOWERS

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/30/24	PAGE	2
*** CHECK DATES 03/01/2024 - 03/31/2024 ***	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	#
3/01/24 250	202403 320-53800-12000	*	1,378.17
FIELD MANANGEMENT-MAR 24
GOVERNMENTAL MANAGEMENT SERVICES	6,708.75 000672
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/20/24 00039	2/20/24 8795	202401 310-51300-31500	*	980.50
GENERAL COUNSEL - JAN 24
KILINSKI / VAN WYK, PLLC	980.50 000673
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/20/24 00043	3/16/24 57426994 202403 330-57200-48100	*	50.00
PEST CONTROL - MAR 24
MASSEY SERVICES INC.	50.00 000674
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/20/24 00015	3/01/24 11958	202403 320-53800-46200	*	7,075.00
LANDSCAPE MAINT - MAR 24
3/05/24 12037	202403 320-53800-46300	*	510.00
VIBURNUM/PINE BARK MULCH
3/10/24 12038	202403 320-53800-47300	*	336.77
REPAIR MAINLINE
PRINCE & SONS INC.	7,921.77 000675
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/20/24 00114	3/20/24 03202024 202403 300-20700-10000	*	4,978.04
ON ROLL-DEBT SVC 2019
VILLAMAR CDD C/O USBANK	4,978.04 000676
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/20/24 00115	3/20/24 03202024 202403 300-20700-10000	*	4,550.08
ON ROLL-DEBT SVC 2020
VILLAMAR CDD C/O USBANK	4,550.08 000677
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/20/24 00116	3/20/24 03202024 202403 300-20700-10000	*	2,035.05
ON ROLL-DEBT SVC 2022 PH3
VILLAMAR CDD C/O USBANK	2,035.05 000678
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/20/24 00117	3/20/24 03202024 202403 300-20700-10000	*	3,080.15
ON ROLL-DEBT SVC 2022 PH4
VILLAMAR CDD C/O USBANK	3,080.15 000679
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	37,127.09

VMCD VILLAMAR CDD	PPOWERS

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/30/24	PAGE	1
*** CHECK DATES 03/01/2024 - 03/31/2024 ***	VILLAMAR CDD - SER19 CAPITAL

CHECK	VEND# DATE	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	....CHECK.....
AMOUNT	#	
3/07/24 00040	2/19/24 11361	202402 600-20700-10100	*				90,135.60	

- - - - - - - -	035 FR#20A
STEWART & ASSOCIATES PROPERTY SVC
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	
-	
-	
-	90,135.60 000237
- - - - - - - - - - - - - - -	
3/07/24 00004	1/25/24 87278	202401 600-53800-60000	*
TUCKER PAVING INC				790,571.98
790,571.98 000238	
- - - - - - - - 3/26/24 00040

- - - - - - - - 3/26/24 00004

- - - - - - - - 3/26/24 00012	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/19/24 11361B	202403 600-20700-10100	*
STEWART & ASSOCIATES PROPERTY SVC
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/25/24 87312	202403 600-20700-10100	*
TUCKER PAVING INC
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/26/24 1847B	202401 600-20700-10100	*
1/26/24 1848B	202401 600-20700-10100	*	-

-

-	-

-

-	-

-

-	- - - - - - - - - - - - - - -
33,864.40
33,864.40 000239
- - - - - - - - - - - - - - -
128,016.11
128,016.11 000240
- - - - - - - - - - - - - - -
8,166.78
1,297.23	
	035 PH6 FR#19B
WOOD & ASSOCIATES ENGINEERING				9,464.01 000241	
- - - - - - - - 3/28/24 00044

- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/12/24 W0003684 202403 600-20700-10100	*
ONSIGHT INDUSTRIES, LLC
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	-

-	-

-	-

-	- - - - - - - - - - - - - - -
17,062.96
17,062.96 000242
- - - - - - - - - - - - - - -	
	TOTAL FOR BANK B				1,069,115.06	
	TOTAL FOR REGISTER				1,069,115.06	

BANK B VILLAMAR CDD

031 FR#30

035 FR#20B

035 FR#21A

035 PH6 FR#19B

035 FR#22

VMCD VILLAMAR CDD	PPOWERS

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/30/24	PAGE	3
*** CHECK DATES 03/01/2024 - 03/31/2024 ***	VILLAMAR CDD - GENERAL FUND

CHECK	VEND# DATE	.....INVOICE..... ...EXPENSED TO...		VENDOR DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	NAME		STATUS		AMOUNT	....CHECK..... AMOUNT	#	
3/31/24 00058	3/31/24 15531650 202403 330-57200-41000
SPECTRUM BUSINESS			*		188.95	
188.95 080004	
- - - - - - - - 3/31/24 00022	- - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/29/24 FEB 24	202402 320-53800-43100
2/29/24 FEB 24	202402 320-53800-43000	- - -	- - - - -	- - - -
*
*	- - - -	- - - - - -

1,038.17	- - - - - - - -	
	FEB 24 - ELECTRIC
TECO						11,203.83 080005	
- - - - - - - - 3/31/24 00051	- - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/29/24 FEB 24	202402 320-53800-43200
2/29/24 FEB 24	202402 330-53800-48400	- - -	- - - - -	- - - -
*
*	- - - -	- - - - - -

897.60	- - - - - - - -	
	FEB 24 - WATER
WINTER HAVEN WATER						2,318.93 080006	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - -	- - - - -	- - - -	- - - -	- - - - - -	- - - - - - - -	

BANK Z VILLAMAR AUTOPAY

MAR 24 - TV/INTERNET/TEL

FEB 24 - ELECTRIC

10,165.66

FEB 24 - WATER

1,421.33

TOTAL FOR BANK Z	13,711.71
TOTAL FOR REGISTER	50,838.80

VMCD VILLAMAR CDD	PPOWERS

Section 2

VillaMar
Community Development District

Unaudited Financial Reporting
March 31, 2024

Table of Contents

1

2-3

4

5

6

7

8

9

10

11

12-13

14-15

	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

	Debt Service Fund Series 2024A6

	Combined Capital Project Funds

	Month to Month

	Long Term Debt Report

16		Assessment Receipt Schedule

Combined Balance Sheet March 31, 2024

General
Fund

Debt Service
Fund

Capital Projects
Fund

Totals
Governmental Funds

Assets:
Cash:
Operating Account	

$	582,897	

$	

-	

$	-	

$	582,897	
Capital Projects Account
Investments:	-		-	463	463	
Series 2019 Reserve	
-	
204,436	
-	
204,436	
Revenue	-	431,518	-	431,518	
Prepayment	-	1,616	-	1,616	
Construction Series 2020
Reserve	-

-	-

184,450	292

-	292

184,450	
Revenue	-	397,308	-	397,308	
Series 2022 A3						
Reserve	-	75,200	-		75,200	
Revenue	-	173,663	-		173,663	
Prepayment	-	159,195	-		159,195	
Construction
Series 2022 A4	-	-		8	8	
Reserve	-	123,509	-	123,509	
Revenue	-	268,422	-	268,422	
Series 2023 A5							
Reserve	-	553,728	-	553,728	
Revenue	-	389,101	-	389,101	
Interest	-	106	-	106	
Construction	-	-	100	100	
Cost of Issuance	-	-	0	0	
Series 2024 A6							
Reserve	-	603,000	-	603,000	
Revenue	-	2,041	-	2,041	
Interest	-	343,608	-	343,608	
Construction	-	-	5,642,528	5,642,528	
Cost of Issuance	-	-	100	100	
Due from Developer	59,458	59,458	
Total Assets	$	582,897	$	3,910,902	$	5,702,949	$	10,196,748	
Liabilities:
Accounts Payable	

$	11,156	

$	

-	$	-	

$	11,156	
Contracts Payable	-		-	359,526	359,526	
Total Liabilites	$	11,156	$	-	$	359,526	$	370,682	
Fund Balance:
Restricted for:
Debt Service - Series 2019	$	-	$	637,571	$	-	$	637,571	
Debt Service - Series 2020		-	581,758		-	581,758	
Debt Service - Series 2022 A3		-	408,058		-	408,058	
Debt Service - Series 2022 A4		-	391,931		-	391,931	
Debt Service - Series 2023 A5		-	942,936		-	942,936	
Debt Service - Series 2024 A6		-	948,649		-	948,649	
Capital Projects - Series 2019		-	-	(299,313)	(299,313)	
Capital Projects - Series 2020		-	-	-	-	
Capital Projects - Series 2022 A3		-	-	8	8	
Capital Projects - Series 2022 A4		-	-	-	-	
Capital Projects - Series 2023 A5	-	-	100	100	
Capital Projects - Series 2024 A6	-	-	5,642,628	5,642,628	
Unassigned	571,741	-	-	571,741	
Total Fund Balances	$	571,741	$	3,910,902	$	5,343,423	$	9,826,066	
					
Total Liabilities & Fund Balance	$	582,897	$	3,910,902	$	5,702,949	$	10,196,748	

Adopted	Prorated Budget	Actual	
Budget	Thru 03/31/24	Thru 03/31/24	Variance	

Revenues:		
Assessments - Tax Roll	$	672,192	$	672,192	$	664,908	$	(7,283)	
Assessments - Direct Bill	143,837	107,878	107,878	-	
Miscellaneous Revenue	-	-	60	60	
Total Revenues	$	816,029	$	780,069	$	772,846	$	(7,223)	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	6,000	$	2,200	$	3,800	
Engineering	7,500	3,750	-	3,750	
Attorney	30,000	15,000	7,309	7,691	
Annual Audit	5,000	-	-	-	
Assessment Administration	7,500	7,500	7,500	-	
Arbitrage	2,250	450	450	-	
Dissemination	9,000	4,500	5,083	(583)	
Trustee Fees	19,880	4,041	4,041	-	
Management Fees	42,500	21,250	21,250	(0)	
Information Technology	1,800	900	900	-	
Website Maintenance	1,200	600	600	-	
Postage & Delivery	1,500	750	1,441	(691)	
Insurance	6,886	6,886	5,988	898	
Printing & Binding	1,000	500	8	493	
Legal Advertising	10,000	5,000	2,708	2,292	
Other Current Charges	1,500	750	627	123	
Boundary Amendment Expenses	-	-	-	-	
Office Supplies	500	250	19	231	
Dues, Licenses & Subscriptions	175	175	175	-	
Total General & Administrative	$	160,191	$	78,302	$	60,300	$	18,002	

Adopted	Prorated Budget	Actual	
Budget	Thru 03/31/24	Thru 03/31/24	Variance	

Operations & Maintenance		
Field Expenditures
Property Insurance	

$	15,000	

$	15,000	$	10,856	

$	4,144	
Field Management	16,538	8,269	8,269	(0)	
Landscape Maintenance	130,000	65,000	42,450	22,550	
Landscape Replacement	22,500	11,250	2,165	9,085	
Pond Maintenance	17,000	8,500	5,136	3,364	
Streetlights	166,320	83,160	67,217	15,943	
Electric	3,000	1,500	3,618	(2,118)	
Water & Sewer	30,000	15,000	9,236	5,764	
Sidewalk & Asphalt Maintenance	2,500	1,250	-	1,250	
Irrigation Repairs	10,000	5,000	485	4,515	
General Repairs & Maintenance	20,000	10,000	9,480	520	
Contingency	7,500	7,500	24,735	(17,235)	
Subtotal Field Expenditures	$	440,358	$	231,429  $	183,648	$	47,781	

Amenity Expenditures
Amenity - Electric	

$	18,000	

$	9,000	$	3,845	

$	5,155	
Amenity - Water	20,000	10,000	5,631	4,369	
Playground & Furniture Lease	35,000	17,500	14,850	2,650	
Internet	3,000	1,500	1,075	425	
Pest Control	630	315	300	15	
Janitorial Services	10,700	5,350	5,100	250	
Security Services	33,800	16,900	15,816	1,084	
Pool Maintenance	30,000	15,000	20,380	(5,380)	
Amenity Access Management	7,500	3,750	3,750	-	
Amenity Repairs & Maintenance	10,000	5,000	2,299	2,701	
Contingency	7,500	3,750	-	3,750	
Subtotal Amenity Expenditures	$	176,130	$	88,065  $	73,045	$	15,020	
				
Total Operations & Maintenance	$	616,488	$	319,494  $	256,693	$	62,801	
				
Excess (Deficiency) of Revenues over Expenditures	$	39,350	$	382,274	$	455,853	$	73,579	

Other Financing Sources/(Uses):				
Capital Reserve Transfer	$	(39,350)	$	-  $	-	$	-	
Total Other Financing Sources/(Uses)	$	(39,350)	$	-  $	-	$	-	
				
Net Change in Fund Balance	$	0	$	382,274  $	455,853	$	73,579	
				
Fund Balance - Beginning	$	-	$	115,889		
				
Fund Balance - Ending	$	0	$	571,741		

Revenues:

Interest Income	

$	-	

$	

-  $	

-  $	

-	
Total Revenues	$	-	$	-  $	-  $	-	

Expenditures:

Contingency	

$	600	

$	

-  $	

-  $	

-	
Total Expenditures	$	600	$	-  $	-  $	-	
						
Excess (Deficiency) of Revenues over Expenditures	$	(600)	$	-  $	-  $	-	

Other Financing Sources/(Uses):

Capital Reserve Transfer	

$	39,350	

$	

-  $	

-	$	

-	
Total Other Financing Sources/(Uses)	$	39,350	$	-  $	-  $	-	
						
Net Change in Fund Balance	$	38,750	$	-  $	-  $	-	
						
Fund Balance - Beginning	$	-		$	-		
						
Fund Balance - Ending	$	38,750		$	-		

Revenues:		
Assessments - Tax Roll	$	403,763	$	403,763	$	399,389	$	(4,374)	
Interest	-	-	9,307	9,307	
Total Revenues	$	403,763	$	403,763	$	408,696	$	4,933	

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)	$	261,175	$	266,108	$	4,933	

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	(1,413)	$	261,175	$	266,108	$	4,933	
					
Fund Balance - Beginning	$	164,293		$	371,462		
					
Fund Balance - Ending	$	162,881		$	637,571		

Revenues:					
Assessments - Tax Roll	$	369,050	$	369,050	$	365,053	$	(3,997)	
Interest	-	-	8,378	8,378	
Total Revenues	$	369,050	$	369,050	$	373,431	$	4,381	

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)	$	251,462	$	255,844	$	4,381	

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources (Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	(1,125)	$	251,462	$	255,844	$	4,381	
					
Fund Balance - Beginning	$	138,818		$	325,914		
					
Fund Balance - Ending	$	137,693		$	581,758		

Adopted	Prorated Budget	Actual	
Budget	Thru 03/31/24	Thru 03/31/24	Variance	

Revenues:		
Assessments - Tax Roll	$	165,060	$	165,060	$	163,272	$	(1,788)	
Assessments - Prepayments	-	-	234,235	234,235	
Interest	-	-	6,758	6,758	
Total Revenues	$	165,060	$	165,060	$	404,266	$	239,206	

Expenditures:					
Interest - 11/1	$	53,878	$	54,644	54,644	$	-	
Principal - 11/1	60,000	60,000	60,000	-	
Special Call - 11/1	-	-	270,000	(270,000)	
Interest - 5/1	52,941	-	-	-	
Total Expenditures	$	166,819	$	114,644	$	384,644	$	(270,000)	
					
Excess (Deficiency) of Revenues over Expenditures	$	(1,759)	$	50,416	$	19,622	$	(30,794)	

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources (Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	(1,759)	$	50,416	$	19,622	$	(30,794)	
					
Fund Balance - Beginning	$	140,143		$	388,436		
					
Fund Balance - Ending	$	138,384		$	408,058		

Adopted	Prorated Budget	Actual	
Budget	Thru 03/31/24	Thru 03/31/24	Variance	

Revenues:		
Assessments - Tax Roll	$	249,825	$	249,825	$	247,120	$	(2,705)	
Interest	-	-	5,666	5,666	
Total Revenues	$	249,825	$	249,825	$	252,786	$	2,961	

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	$	166,500	$	169,461	$	2,961	

Other Financing Sources/(Uses):					
Interfund Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources (Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	3,175	$	166,500	$	169,461	$	2,961	
					
Fund Balance - Beginning	$	-		$	222,470		
					
Fund Balance - Ending	$	3,175		$	391,931		

Adopted	Prorated Budget	Actual	
Budget	Thru 03/31/24	Thru 03/31/24	Variance	

Revenues:		
Assessments - Direct	$	553,728	$	366,235	$	366,235	$	-	
Interest	-	-	15,403		15,403	
Total Revenues	$	553,728	$	366,235	$	381,639	$	15,403	

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	$	198,037	$	213,440	$	15,403	

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	106	$	106	
Total Other Financing Sources (Uses)	$	-	$	-	$	106	$	106	
					
Net Change in Fund Balance	$	52,914	$	198,037	$	213,546	$	15,510	
					
Fund Balance - Beginning	$	170,598		$	729,389		
					
Fund Balance - Ending	$	223,513		$	942,936		

Adopted	Prorated Budget	Actual	
Budget	Thru 03/31/24	Thru 03/31/24	Variance	

Revenues:		
Assessments - Direct Interest	$	-  $
-	-  $	-
-	2,041	$	-
2,041	
Total Revenues	$	-  $	-  $	2,041	$	2,041	

Expenditures:					
Interest - 11/1	$	-  $	-  $	-	$	-	
Principal - 5/1		-	-	-	-	
Interest - 5/1		-	-	-	-	
Total Expenditures	$	-  $	-  $	-	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	-  $	-  $	2,041	$	2,041	

Other Financing Sources/(Uses):					
Bond Proceeds	$	-  $	-  $	946,608	$	946,608	
Total Other Financing Sources (Uses)	$	-  $	-  $	946,608	$	946,608	
					
Net Change in Fund Balance	$	-  $	-  $	948,649	$	948,649	
					
Fund Balance - Beginning	$	-	$	-		
					
Fund Balance - Ending	$	-	$	948,649		

	Series	Series	Series	Series	Series	Series		
	2019 A1	2020 A2	2022 A3	2022 A4	2023 A5	2024 A6	Total	
Revenues								
Developer Contributions	$	3,061,027	$	3,036	$	358	$	5,544	$	4,439,753	$	-	$	7,509,718	
Interest	3	-	0	-	3,559	14,827	18,390	
Misc Income	289	-	-	-	-	-	289	
Total Revenues	$	3,061,320	$	3,036	$	358	$	5,544	$	4,443,313	$	14,827	$	7,528,398	

Expenditures:								
Bank Fees	$	306	$	-	$	-	$	-	$	-	$	-	$	306	
Capital Outlay	3,360,244	3,036	-	5,544	3,835,299	1,726,306	8,930,428	
Cost of Issuance	-	-	-	-	-	399,286	399,286	
Total Expenditures	$	3,360,550	$	3,036	$	-	$	5,544	$	3,835,299	$	2,125,592	$	9,330,020	
								
Excess (Deficiency) of Rev. over Exp.	$	(299,230)	$	-	$	358	$	-	$	608,014	$	(2,110,764)	$	(1,801,623)	

Other Financing Sources/(Uses)								
Transfer In/(Out)	$	-	$	-	$	-	$	-	$	(106)	$	-	$	(106)	
Bond Proceeds	-	-	-	-	-	$	7,753,392	7,753,392	
Total Other Financing Sources (Uses)	$	-	$	-  $	-	$	-  $	(106)	$	7,753,392	$	7,753,286	
						
Net Change in Fund Balance	$	(299,230)	$	-  $	358	$	-  $	607,908	$	5,642,628	$	5,951,663	
						
Fund Balance - Beginning	$	(83)	$	-  $	(349)	$	-  $	(607,807)	$	-	$	(608,240)	
						
Fund Balance - Ending	$	(299,313)	$	-  $	8	$	-  $	100	$	5,642,628	$	5,343,423	

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	

Revenues:

Assessments - Tax Roll	$	-	$	-	$	604,700  $	51,920  $	5,356  $	2,932  $	

-	$	

-	$	

-	$	

-	$	

-	$		

-	$	664,908	
Assessments - Direct Bill	71,919	-	-	-	-	35,959	-	-	-	-	-		-	107,878	
Assessments - Lot Closings	-	-	-	-	-	-	-	-	-	-	-		-	-	
Boundary Amendment Contributions	-	-	-	-	-	-	-	-	-	-	-		-	-	
Miscellaneous Income	-	-	-	-	-	60	-	-	-	-	-		-	60	
Total Revenues	$	71,919  $	-	$	604,700  $	51,920  $	5,356  $	38,951  $	-	$	-	$	-	$	-	$	-	$		-	$	772,846	

Expenditures:		
General & Administrative:		
Supervisor Fees	$	-	$	800	$	600	$	-	$	800	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	2,200	
Engineering	-	-	-	-	-	-	-	-	-	-	-	-	-	
Attorney	918	1,744	1,471	-	981	2,196	-	-	-	-	-	-	7,309	
Annual Audit	-	-	-	-	-	-	-	-	-	-	-	-	-	
Assessment Administration	7,500	-	-	-	-	-	-	-	-	-	-	-	7,500	
Arbitrage	-	-	450	-	-	-	-	-	-	-	-	-	450	
Dissemination	1,250	750	750	750	750	833	-	-	-	-	-	-	5,083	
Trustee Fees	-	-	4,041	-	-	-	-	-	-	-	-	-	4,041	
Management Fees	3,542	3,542	3,542	3,542	3,542	3,542	-	-	-	-	-	-	21,250	
Information Technology	150	150	150	150	150	150	-	-	-	-	-	-	900	
Website Maintenance	100	100	100	100	100	100	-	-	-	-	-	-	600	
Postage & Delivery	88	85	97	669	431	72	-	-	-	-	-	-	1,441	
Insurance	5,988	-	-	-	-	-	-	-	-	-	-	-	5,988	
Printing & Binding	-	3	-	-	-	5	-	-	-	-	-	-	8	
Legal Advertising	1,037	321	-	1,351	-	-	-	-	-	-	-	-	2,708	
Other Current Charges	39	135	74	297	42	42	-	-	-	-	-	-	627	
Office Supplies	4	4	3	4	1	4	-	-	-	-	-	-	19	
Dues, Licenses & Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175	
Total General & Administrative	$	20,789	$	7,633	$	11,277	$	6,862	$	6,796	$	6,943	$	-  $	-  $	-  $	-  $	-  $	-  $	60,300	

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total

Operations & Maintenance		
Field Expenditures
Property Insurance	

$	10,856	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-  $	-  $	-  $	-  $	-  $	-  $	10,856	
Field Management	1,378	1,378	1,378	1,378	1,378	1,378	-	-	-	-	-	-	8,269	
Landscape Maintenance	7,075	7,075	7,075	7,075	7,075	7,075	-	-	-	-	-	-	42,450	
Landscape Replacement	-	-	1,655	-	-	510	-	-	-	-	-	-	2,165	
Pond Maintenance	856	856	856	856	856	856	-	-	-	-	-	-	5,136	
Streetlights	11,355	11,289	11,322	11,438	11,646	10,166	-	-	-	-	-	-	67,217	
Electric	33	35	30	1,302	1,181	1,038	-	-	-	-	-	-	3,618	
Water & Sewer	1,574	1,812	1,515	1,253	1,661	1,421	-	-	-	-	-	-	9,236	
Irrigation Repairs	43	-	-	-	106	337	-	-	-	-	-	-	485	
General Repairs & Maintenance	-	5,691	-	2,043	-	1,747	-	-	-	-	-	-	9,480	
Contingency	22,115	-	2,450	-	170	-	-	-	-	-	-	-	24,735	
Subtotal Field Expenditures	$	55,285	$	28,137	$	26,281	$	25,344	$	24,073	$	24,528	$	-  $	-  $	-  $	-  $	-  $	-  $	183,648	

Amenity Expenditures
Amenity - Electric	

$	1,242	

$	1,341	

$	1,262	

$	-	

$	-	

$	-	

$	-  $	-  $	-  $	-  $	-  $	-  $	3,845	
Amenity - Water	880	968	819	1,213	854	898	-	-	-	-	-	-	5,631	
Playground & Furniture Lease	2,475	2,475	2,475	2,475	2,475	2,475	-	-	-	-	-	-	14,850	
Internet	176	176	176	176	181	189	-	-	-	-	-	-	1,075	
Pest Control	50	50	50	50	50	50	-	-	-	-	-	-	300	
Janitorial Services	850	850	850	850	850	850	-	-	-	-	-	-	5,100	
Security Services	2,847	2,324	737	5,181	2,363	2,363	-	-	-	-	-	-	15,816	
Pool Maintenance	2,730	2,730	2,730	2,730	2,730	6,730	-	-	-	-	-	-	20,380	
Amenity Access Management	625	625	625	625	625	625	-	-	-	-	-	-	3,750	
Amenity Repairs & Maintenance	-	1,570	-	326	403	-	-	-	-	-	-	-	2,299	
Subtotal Amenity Expenditures	$	11,875	$	13,110	$	9,724	$	13,627	$	10,530	$	14,179	$	-  $	-  $	-  $	-  $	-  $	-  $	73,045	
								
Total Operations & Maintenance	$	67,160	$	41,246	$	36,004	$	38,971	$	34,604	$	38,707	$	-  $	-  $	-  $	-  $	-  $	-  $	256,693	

Other Financing Uses:								
Capital Reserve Transfer	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Total Other Financing Uses	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
								
Total Expenditures & Other Financing Uses	$	87,950	$	48,879	$	47,281	$	45,834	$	41,399	$	45,651	$	-  $	-  $	-  $	-  $	-  $	-  $	316,993	
								
Net Change in Fund Balance	$	(16,031)	$	(48,879)	$	557,419	$	6,087	$	(36,044)	$	(6,699)	$	-  $	-  $	-  $	-  $	-  $	-  $	455,853	

TERM 1	
3.750%	
$510,000.00		
May 1, 2024		
TERM 2	4.00%	$750,000.00		May 1, 2029		
TERM 3	4.63%	$2,105,000.00		May 1, 2039		
TERM 4	4.875%	$3,815,000.00		May 1, 2050		
RESERVE FUND DEFINITION		50% MAXIMUM ANNUAL DEBT SERVICE				
RESERVE FUND REQUIREMENT			$201,917			
RESERVE FUND BALANCE			$204,436			
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			
TERM 1	2.625%	$525,000.00	May 1, 2025		
TERM 2	3.20%	$750,000.00	May 1, 2030		
TERM 3	3.75%	$1,965,000.00	May 1, 2040		
TERM 4	4.000%	$3,260,000.00	May 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		
TERM 1	3.125%	$415,000.00	November 1, 2027	
TERM 2	3.50%	$370,000.00	November 1, 2032	
TERM 3	4.00%	$2,255,000.00	November 1, 2051	
RESERVE FUND DEFINITION	50% MAXIMUM ANNUAL DEBT SERVICE		
RESERVE FUND REQUIREMENT	$77,500		
RESERVE FUND BALANCE	$75,200		
BONDS OUTSTANDING - 03/18/22	$3,040,000	
LESS: PRINCIPAL PAYMENT - 11/1/22	($100,000)	
LESS: PRINCIPAL PAYMENT - 11/1/23	($60,000)	
CURRENT BONDS OUTSTANDING	$2,880,000	

SERIES 2022, SPECIAL ASSESSMENT REVENUE BONDS AREA 4			
TERM 1	3.250%	$425,000.00	May 1, 2027		
TERM 2	3.63%	$505,000.00	May 1, 2032		
TERM 3	4.00%	$1,340,000.00	May 1, 2042		
TERM 4	4.125%	$2,025,000.00	May 1, 2052		
RESERVE FUND DEFINITION	50% MAXIMUM ANNUAL DEBT SERVICE			
RESERVE FUND REQUIREMENT	$124,913			
RESERVE FUND BALANCE	$123,509			
BONDS OUTSTANDING - 03/18/22		$4,295,000	
LESS: PRINCIPAL PAYMENT - 5/1/23		($80,000)	
CURRENT BONDS OUTSTANDING		$4,215,000	

TERM 1
TERM 2
TERM 3

RESERVE FUND DEFINITION RESERVE FUND REQUIREMENT RESERVE FUND BALANCE

BONDS OUTSTANDING - 06/15/23	

4.875%
5.63%
5.75%	

$885,000.00
$2,860,000.00
$4,195,000.00

MAXIMUM ANNUAL DEBT SERVICE	

$553,728
$553,728	

May 1, 2030
May 1, 2043
May 1, 2053	

$7,940,000	
CURRENT BONDS OUTSTANDING	$7,940,000	

	SERIES 2024, SPECIAL ASSESSMENT REVENUE BONDS AREA 6			
TERM 1	4.625%	$985,000.00	May 1, 2031		
TERM 2	5.50%	$3,140,000.00	May 1, 2044		
TERM 3	5.75%	$4,575,000.00	May 1, 2054		
RESERVE FUND DEFINITION	LESSER OF:			
	(i) MADS			
	(ii) 125% Avg Annual DS			
	(iii) 10% of Origina l Issue			
RESERVE FUND REQUIREMENT	$603,000			
RESERVE FUND BALANCE	$603,000			
BONDS OUTSTANDING - 03/31/24			$8,700,000	
CURRENT BONDS OUTSTANDING			$8,700,000	

VillaMar
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2024

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%	

ON ROLL ASSESSMENTS

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	
01/10/24	12/16/23-12/31/23	$146,071.94	($4,402.80)	($2,833.38)	$0.00	$138,835.76	$50,177.13	$30,139.79	$27,548.66	$12,321.29	$18,648.89	$138,835.76	
01/16/24	Interest	$0.00	$0.00	$0.00	$4,823.62	$4,823.62	$1,743.32	$1,047.16	$957.13	$428.08	$647.92	$4,823.61	
02/09/24	1/1/24-1/31/24	$15,434.88	($313.96)	($302.42)	$0.00	$14,818.50	$5,355.61	$3,216.94	$2,940.38	$1,315.10	$1,990.47	$14,818.50	
03/09/24	2/1/24-2/29/24	$8,361.51	($83.62)	($165.56)	$0.00	$8,112.33	$2,931.91	$1,761.10	$1,609.70	$719.95	$1,089.68	$8,112.34	
	TOTAL	$ 1,949,438.99	$ (76,664.45)	$ (37,855.47)	$  4,823.62	$	1,839,742.69	$  664,908.04	$	399,388.90	$	365,053.28	$  163,272.02	$  247,120.43	$ 1,839,742.67	

99%
$20,141.51

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	$35,959.32	$35,959.32	$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	$	107,877.96	$  107,877.96	$	-	

Section 3

SUPERVISOR OF
ELECTIONS
POLK COUNTY, FLORIDA
Lori Edwards

April 19, 2024

Samantha Ham - Recording Secretary VillaMar CDD
219 E. Livingston Street Orlando, Florida 32801-1508

ECEIVE

BY·-----

RE: VillaMar Community Development District Registered Voters

Dear Ms. Ham,
In response to your request, there are currently 999 registered voters within the VillaMar Community Development District. This number of registered voters in said District is as of April 15, 2024.

Please do not hesitate to contact us if we can be of further assistance.

Sincerely,

Lori Edwards Supervisor of Elections Polk County, Florida

P.O. Box 1460, Bartow, FL 33831 • Phone: (863) 534-5888
PolkElections.gov

Para asistencia en Espanol, por favor de llamar al (863) 534-5888