VillaMar Community Development District

Meeting Agenda April 23, 2025

-.·- -

VillaMar
Community Development District

219 E. Livingston St., Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
April 16, 2025

Board of Supervisors Meeting
VillaMar Community Development District
Dear Board Members:

A meeting of the Board of Supervisors of the VillaMar Community Development District will be held Wednesday, April 23, 2025 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 (Public Comments are limited to three (3) minutes each)
Approval of Minutes of the March 26, 2025 Board of Supervisors Meeting
Consideration of Resolution 2025-05 Approving the Proposed Fiscal Year 2025/2026 Budget (Suggested Date: July 23, 2025), Declaring Special Assessments, and Setting the Public Hearings on the Adoption of the Fiscal Year 2025/2026 Budget and the Imposition of Operations and Maintenance Assessments (budget to be provided under separate cover)
Consideration of RFP for Construction Services Phase 8 Mass Grading (to be provided under separate cover)
Consideration/Approval of Engineering Services Agreement with Wood Engineering & Quiddity (Approving Updated Services Rates)
Presentation of Arbitrage Rebate Report for Series 2024 (Assessment Area Six) Project Bonds
Ratification of Phase 7 Conveyance Documents
Staff Reports
Attorney
Engineer
Field Manager’s Report (to be provided under separate cover)
Consideration of Proposal for Hydro Lift (to be provided under separate cover)
District Manager’s Report
Approval of Check Register
Balance Sheet & Income Statement
Other Business
Supervisors Requests and Audience Comments
Adjournment

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 Wednesday, March 26, 2025 at 11:00 a.m. at the Holiday Inn – Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, Florida.

Present and constituting a quorum:

Lauren Schwenk	Chairperson
Bobbie Henley	Assistant Secretary
Emily Cassidy	Assistant Secretary Also, present were:
Jill Burns	District Manager, GMS
Roy Van Wyk by Zoom	District Counsel, Kilinski Van Wyk
Marshall Tindall	Field Manager, GMS

The following is a summary of the discussions and actions taken at the March 26, 2025, VillaMar Community Development District’s Regular Board of Supervisors Meeting.

FIRST ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order at 11:00 a.m. Three Supervisors were in attendance constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Burns opened the public comment period on agenda items only.
Resident asked where the waste stations will go. Ms. Burns noted they will be in areas further away from homes.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the December
18, 2024 Board of Supervisors Meeting
Ms. Burns presented the meeting minutes from the December 18, 2024, Board of Supervisors meeting and asked for any corrections, comments, or questions. The Board had no changes to the minutes.

On MOTION by Ms. Henley, seconded by Ms. Cassidy, with all in favor, the Minutes of the December 18, 2024, Board of Supervisors Meeting, were approved.

FOURTH ORDER OF BUSINESS	Ratification  of  Conveyance  Documents
Related to Phase 6 and 6D
Ms. Burns stated these have already been executed. It is conveyance of the common area tracts in this phase that have been completed and being turned over to the CDD to own and maintain. She offered to take any questions.

On MOTION by Ms. Schwenk, seconded by Ms. Cassidy, with all in favor, the Conveyance Documents Related to Phase 6 and 6D, were ratified.

FIFTH ORDER OF BUSINESS	Presentation of Arbitrage Rebate Report
for Series 2020 Bonds from AMTEC
Ms. Burns noted this is a required report under the Trust Indenture. The District has to demonstrate that they do not earn more interest on the bonds than they pay. Page 4 of the report shows a negative arbitrage rebate amount. She asked for a motion to accept the report.

On MOTION by Ms. Cassidy seconded by Ms. Henley, with all in favor, Accepting the Arbitrage Rebate Report for Series 2020 Bonds from AMTEC, was approved.

SIXTH ORDER OF BUSINESS	Consideration of 2025 Data Sharing and
Usage Agreement with Polk County Property Appraiser
Ms. Burns stated this is administrative where certain professions such as police or judges whose information is exempt from being turned over in a public record request for safety reasons. It is an agreement that is required to sign annually saying if those parcels are sent to the

District for collecting assessments on the tax bill that the District will not turn those over in any records request.

SEVENTH ORDER OF BUSINESS	Consideration	of	2025	Contract
Agreement with Polk County Property Appraiser
Ms. Burns stated this is the annual renewal with the Polk County Property Apprasier to provide all the parcels within the community to GMS to collect assessments.

On MOTION by Ms. Schwenk, seconded by Ms. Henley, with all in favor, the 2025 Data Sharing and Usage Agreement with Polk County Property Appraiser & the 2025 Contract Agreement with Polk County Property Appraiser, were approved.

EIGHTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Van Wyk noted two small parcels that are in 6 and 6D, they are continuous with tract C, it is a small sliver of land. There is another small sliver of land located on part of the roadway that will eventually be the right of way from Cunningham Investors. He asked the Board to accept the transfer of those two parcels along with all of the other parcels that were done in 6 and 6D.

On MOTION by Ms. Henley seconded by Ms. Schwenk, with all in favor, Accepting the Transfer of the Additional Parcels 6 and 6D, were approved.

Engineer
Ms. Burns stated the District Engineer is not on the line today.

Field Manager’s Report (to be provided under separate cover)
Mr. Tindall reviewed the Field Managers Report.

Consideration of Proposal for the Addition of Pet Waste Stations in Community (to be provided under separate cover)
Mr. Tindall presented a proposal for six dog waste stations, two on each side of Cunningham, one between ponds 15 & 16 by the lift station and one on the South side of pond 22.

On MOTION by Ms. Schwenk, seconded by Ms. Cassidy, with all in favor, the Proposal for the Addition Pet Waste Stations in the Community, was approved.

Ms. Burns reviewed the CSS quote to add these waste stations to the existing janitorial contract. Two times a week is $50 per station per month.

On MOTION by Ms. Schwenk, seconded by Ms. Cassidy, with all in favor, Adding the Pet Waste Stations to the CSS Janitorial Contract – 2 Times Per Week, was approved.

Mr. Tindall asked if the Board would like to repair the existing chair lift which is battery powered or investigate potentially getting a hydro lift. Mr. Van Wyk will look at the plans to confirm if the lift is an ADA requirement and review the statute. Marshall will bring back a proposal for a hydrolift.

District Manager’s Report
Approval of Check Register
Ms. Burns stated the check register is included in the agenda package for review. She offered to take any questions.

On MOTION by Ms. Henley, seconded by Ms. Schwenk, with all in favor, the Check Register, was approved.

Balance Sheet & Income Statement
Ms. Burns noted financial statements through February are in the agenda package for review. No action is necessary.

NINTH ORDER OF BUSINESS	Other Business
Ms. Burns noted along with the financials they will have the preliminary budget to present at the April meeting.

TENTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
Resident spoke about his cleaning business including luxury amenities and high school locker rooms. Asked the Board to reconsider his cleaning services for the pool deck. The Board asked him to provide a proposal to Jill by April 14th.
Resident noted alligators are in the back in the wet areas. She asked for signage. Mr. Tindall noted there have been trappers in that area multiple times. Call Florida Fish & Wildlife when you see an alligator for a reference number then send that number to Jill’s office to authorize removal.

ELEVENTH ORDER OF BUSINESS	Adjournment

On MOTION by Ms. Cassidy seconded by Ms. Henley, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section IV

RESOLUTION 2025-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VILLAMAR COMMUNITY DEVELOPMENT DISTRICT APPROVING PROPOSED BUDGETS FOR FISCAL YEAR 2026; DECLARING SPECIAL ASSESSMENTS TO FUND THE PROPOSED BUDGET(S) PURSUANT TO CHAPTERS 190, 197, AND/OR 170, FLORIDA STATUTES; SETTING PUBLIC HEARINGS; ADDRESSING PUBLICATION; 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, 2025, a proposed budget(s) (“Proposed Budget”) for the fiscal year beginning October 1, 2025, and ending September 30, 2026 (“Fiscal Year 2026”); and

WHEREAS, it is in the best interest of the District to fund the administrative and operations services (together, “Services”) set forth in the Proposed Budget by levy of special assessments pursuant to Chapters 190, 197, and/or 170, Florida Statutes (“Assessments”), as set forth in the preliminary assessment roll included within the Proposed Budget; and
WHEREAS, the District hereby determines that benefits would accrue to the properties within the District, as outlined within the Proposed Budget, in an amount equal to or in excess of the Assessments, and that such Assessments would be fairly and reasonably allocated as set forth in the Proposed Budget; and

WHEREAS, the Board has considered the Proposed Budget, including the Assessments, and desires to set the required public hearings 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 2026 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

DECLARING ASSESSMENTS. Pursuant to Chapters 190, 197, and/or 170, Florida Statutes, the Assessments shall defray the cost of the Services in the total estimated amounts set forth in the Proposed Budget. The nature of, and plans and specifications for, the Services to be funded by the Assessments are described in the Proposed Budget and in the reports (if any) of the District Engineer, all of which are on file and available for public inspection at the “District’s Office,” c/o Governmental Management Services-Central Florida, LLC, 219 E. Livingston St., Orlando, FL 32801. The Assessments shall be levied within the District on all benefitted lots and lands, and shall be apportioned, all as described in the Proposed Budget and the preliminary assessment roll included therein. The preliminary assessment roll is also on file and available for public inspection at the District’s Office. The Assessments shall be paid in one or more installments pursuant to a bill issued by the District in November of 2025, and pursuant to Chapter 170, Florida Statutes, or, alternatively, pursuant to the Uniform Method as set forth in Chapter 197, Florida Statutes.

SETTING PUBLIC HEARINGS. Pursuant to Chapters 190, 197, and/or 170, Florida Statutes, public hearings on the approved Proposed Budget and the Assessments are hereby declared and set for the following date, hour and location:

DATE:	Wednesday, July 23, 2025
HOUR:	11:00 AM
LOCATION:	Prime HOA Offices 375 Avenue A S.E.
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 sixty (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 (2) days before the budget hearing date as set forth in Section 3 and shall remain on the website for at least forty-five (45) days.
PUBLICATION OF NOTICE. Notice of the public hearings 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 23RD DAY OF APRIL 2025.

ATTEST:	VILLAMAR COMMUNITY
DEVELOPMENT DISTRICT

By: 	

Secretary	Its: 	

Exhibit A:	Proposed Budget for Fiscal Year 2026

Budget will be provided under separate cover.

Section V

Item will be provided under separate cover.

Section VI

ASSIGNMENT OF AGREEMENT
FOR PROFESSIONAL ENGINEERING SERVICES

THIS ASSIGNMENT (“Assignment”) is made and entered into this 1st day of April 2025 by and between WOOD & ASSOCIATES ENGINEERING, LLC, a Florida limited liability company, with a mailing address of 1925 Bartow Road, Lakeland, FL 33801 (“Assignor”); QUIDDITY ENGINEERING LLC, a Texas corporation authorized to do business in Florida, with a mailing address of 6330 West Loop S Ste 150, Bellaire, TX 77401 (“Assignee”); and VILLAMAR COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, located in Polk County, Florida, with a mailing address of 219 E. Livingston St., Orlando, Florida 32801 (“District”).

Recitals

WHEREAS, Assignor and the District previously entered into that certain Agreement between the Villamar Community Development District and Wood & Associates Engineering, LLC for Professional Engineering Services, dated February 13, 2019 (the “Agreement”); and

WHEREAS, Assignor and the District hereby recognize and agree that the Assignor’s rights and obligations under the Agreement may be assigned pursuant to Article 21 of the Agreement upon written consent; and
WHEREAS, Assignor desires to assign all of its rights and obligations under the Agreement to Assignee, Assignee desires to accept such assignment, and the District desires to express that it agrees with and has no objection to such assignment.
NOW, THEREFORE, based upon good and valuable consideration and the mutual consent of all parties, the District, Assignee, and Assignor agree as follows:
Incorporation of Recitals. The Recitals stated above are true and correct and are incorporated herein as a material part of this Assignment.
ASSIGNMENT. The Assignor hereby assigns all rights, duties, and obligations under the Agreement to the Assignee, and Assignee hereby accepts said assignment. Upon execution of this Assignment, all work performed by the Assignor shall cease and all work authorizations issued to the Assignor shall terminate, provided that the District shall compensate the Assignor for services provided up to the date of Assignment. Services to be performed by the Assignee shall be authorized by separate work authorization.
District Consent to Assignment of the Agreement. The District consents
to Assignor’s assignment of the Agreement to Assignee on the condition that the District receive new insurance certificates naming the District, its officers, supervisors, agents, staff, and representatives as additional insured. No certificate shall be acceptable to the District unless it provides that any change or termination

within the policy periods of the insurance coverage, as certified, shall not be effective within thirty (30) days of prior written notice to the District.
Notices. Upon this Assignment, notices pursuant to the Agreement shall be in writing and shall be delivered to the Parties as follows:
If to the District:	Villamar Community Development District 219 E. Livingston St.
Orlando, Florida 32801 Attention: District Manager

With a copy to:	Kilinski | Van Wyk PLLC
517 E. College Avenue Tallahassee, Florida 32301 Attention: District Counsel

If to Assignee:	Quiddity Engineering LLC
6330 West Loop S Ste 150
Bellaire, TX 77401 Attention: 	

E-VERIFY. Assignee shall comply with and perform all applicable provisions of Section 448.095, Florida Statutes. Accordingly, to the extent required by Florida Statute, Assignee shall register with and use the United States Department of Homeland Security’s E-Verify system to verify the work authorization status of all newly hired employees and shall comply with all requirements of Section 448.095, Florida Statutes, as to the use of subcontractors. The District may terminate the Agreement immediately for cause if there is a good faith belief that the Assignee has knowingly violated Section 448.091, Florida Statutes. By entering into this Assignment, the Assignee represents that no public employer has terminated a contract with the Assignee under Section 448.095(5)(c), Florida Statutes, within the year immediately preceding the date of this Assignment.
Anti-Human Trafficking. Assignee certifies, by acceptance of this Assignment, that neither it nor its principals utilize coercion for labor or services as defined in Section 787.06, Florida Statutes. Assignee agrees to execute an affidavit in compliance with Section 787.06(13), Florida Statutes, and acknowledges that if Assignee refuses to sign said affidavit, the District may terminate the Agreement immediately.
COUNTERPARTS. This Assignment may be executed in any number of counterparts, each of which when executed and delivered shall be an original; however, all such counterparts together shall constitute but one and the same instrument. Signature and acknowledgment pages, if any, may be detached from the counterparts and attached to a single copy of this document to physically form one document.

IN WITNESS WHEREOF, the Parties have executed this Assignment effective as of the date set forth above.
District: Villamar Community Development District

By: 	Lauren Schwenk	
Its: 	Chairperson	
Assignor: Wood & Associates Engineering, LLC

By: 	
Its: 	
Assignee: Quiddity Engineering LLC

By: 	
Its: 	

IN WITNESS WHEREOF, the Parties have executed this Assignment effective as of the date set forth above.
District: Villamar Community Development District

By:	­
Its: 	

Assignor: Wood & Associates Engineering, LLC

Its: 		,_P.,.t'l.....,!i,._,>....,,L>,o"-=cs"-"N-"-L-( 	 _

·ty Engineering, LLC

By: Tobin Synatsc
Its: Chief Operations Officer

SCHEDULE OF HOURLY RATES
Effective August 2024 - Subject to Revision
 ENGINEERING PERSONNEL		 PLANNING PERSONNEL	
Graduate Engineer I	$130	Planner I	$110
Graduate Engineer II	$155	Planner II	$150
Professional Engineer I	$185	Planner III	$190
Professional Engineer II	$210	Planner IV	$265
Professional Engineer III	$240
Professional Engineer IV	$270	 DESIGNER/DRAFTING PERSONNEL	
Professional Engineer V	$290	CAD Operator I	$ 85
Professional Engineer VI	$310	CAD Operator II	$105
CAD Operator III	$125
 ELECTRICAL ENGINEERING PERSONNEL		Designer I	$140
Electrical Graduate Engineer I	$140	Designer II	$155
Electrical Graduate Engineer II	$165	Designer III	$175
Electrical Professional Engineer I	$200	GIS I	$100
Electrical Professional Engineer II	$225	GIS II	$135
Electrical Professional Engineer III	$255	GIS III	$165
Electrical Professional Engineer IV	$285	GIS IV	$225 Electrical Professional Engineer V	$305
 SURVEYING PERSONNEL	

STRUCTURAL ENGINEERING PERSONNEL		1-Person Field Crew	$155	
Structural Graduate Engineer I	$135	2-Person Field Crew	$205	
Structural Graduate Engineer II	$160	3-Person Field Crew	$250	
Structural Professional Engineer I	$190	4-Person Field Crew	$285	
Structural Professional Engineer II	$215	Scanner Equipment	$110	
Structural Professional Engineer III	$245	Survey Technician I	$105	
Structural Professional Engineer IV	$275	Survey Technician II	$115	
Structural Professional Engineer V	$295	Project Surveyor I	$115	
		Project Surveyor II	$135	
 CONSTRUCTION PERSONNEL		Project Surveyor III	$155	
Construction Manager I	$135	Project Surveyor IV	$190	
Construction Manager II	$155	Chief of Survey Crews	$160	
Construction Manager III	$180	Certified Photogrammetrist	$190	
Construction Manager IV	$200	Remote Pilot I	$110	
Construction Manager V	$240	Remote Pilot II	$140	
Field Project Representative I	$ 85	Remote Pilot III	$180	
Field Project Representative II	$105	Visual Observer	$105	
Field Project Representative III	$125	LiDAR Tech	$115	
Specialist Field Project Representative I	$140	Aerial Tech	$100	
Specialist Field Project Representative II	$150	Registered Professional Land Surveyor	$215	
Senior Specialist Field Project Representative	$165	Survey Manager	$250	

 SPECIALIST		 OFFICE PERSONNEL	
Specialist I	$125	Engineer’s Assistant I	$ 80
Specialist II	$155	Engineer’s Assistant II	$ 90
Specialist III	$190	Engineer’s Assistant III	$100
Specialist IV	$225	Admin I	$ 80
Specialist V	$260	Admin II	$100
Admin III	$130
Project Admin/Accountant	$140

SCHEDULE OF REIMBURSABLE EXPENSES
Effective August 2024 - Subject to Revision

Reproduction performed in office
	Size		Black & White		 Color	 8½ x 11 (single-sided)			$0.05/page	$ 0.50/page
8½ x 11 (double-sided)	$0.15/page	$ 1.00/page
8½ x 14	$0.15/page	$ 0.75/page
11 x 17	$0.20/page	$ 1.00/page

Large Document Prints/Plots Bond
Photographic Bond Mylar (4 mil)

Black & White
$0.20/sq ft
$4.00/sq ft
$2.00/sq ft

  Color	
$ 1.00/sq ft
$ 5.00/sq ft
$ 8.00/sq ft

Aerial Backgrounds
All sizes	$5.50/sheet (plus above sq. ft. cost)

Transportation (mileage):	Standard IRS mileage rate in effect
Subcontracts and all other outside expenses and fees: Cost, plus 10% service charge
Deliveries, abstracting services, outside reproduction costs, and other reimbursable expenses charged at cost, plus 10%
Surveying Expenses
Crew Rates: Includes time charged portal to portal and the first 120 miles of transportation and standard survey equipment
Special Rental Equipment: Cost, plus 10%
Stakes: Cost, plus 10% service charge when an excessive number of wooden stakes or any special stakes are required
Iron Rods and Pipes: Cost, plus 10%
All-Terrain Vehicle (ATV): $175/day
Overnight Stays: $200/night
Overtime Rates: Jobs requiring work on weekends or holidays billed at 1.5 times the standard rate
Sales Tax: To be paid on boundary-related services.
Abstracting services, and other reimbursable expenses charged at cost, plus 10%

Section VII

REBATE REPORT
$8,700,000
VillaMar Community Development District
(City of Winter Haven, Florida) Special Assessment Bonds, Series 2024 (Assessment Area Six Project)

Dated: February 14, 2024
Delivered: February 14, 2024

Rebate Report to the Computation Date February 14, 2027
Reflecting Activity To February 28, 2025

TABLE OF CONTENTS

AMTEC Opinion	3	
Summary of Rebate Computations	4	
Summary of Computational Information and Definitions	5	
Methodology	7	
Sources and Uses	8	
Proof of Arbitrage Yield	9	
Bond Debt Service Schedule	11	
Arbitrage Rebate Calculation Detail Report – Acquisition & Construction Account	13	
Arbitrage Rebate Calculation Detail Report – Costs of Issuance Account	14	
Arbitrage Rebate Calculation Detail Report – Interest Account	15	
Arbitrage Rebate Calculation Detail Report – Reserve Account	16	
Arbitrage Rebate Calculation Detail Report – Rebate Computation Credit	17	

March 20, 2025

VillaMar Community Development District c/o Ms. Katie Costa
Director of Operations – Accounting Division Government Management Services – CF, LLC 6200 Lee Vista Boulevard, Suite 300
Orlando, FL 32822

Re:	$8,700,000 VillaMar Community Development District (City of Winter Haven, Florida), Special
Assessment Bonds, Series 2024 (Assessment Area Six Project)	

Dear Ms. Costa:
AMTEC has prepared certain computations relating to the above referenced bond issue (the “Bonds”) at the request of the VillaMar Community Development District (the “District”).
The scope of our engagement consisted of preparing the computations shown in the attached schedules to determine the Rebatable Arbitrage as described in Section 103 of the Internal Revenue Code of 1954, Section 148(f) of the Internal Revenue Code of 1986, as amended (the "Code"), and all applicable Regulations issued thereunder. The methodology used is consistent with current tax law and regulations and may be relied upon in determining the rebate liability. Certain computational methods used in the preparation of the schedules are described in the Summary of Computational Information and Definitions.

Our engagement was limited to the computation of Rebatable Arbitrage based upon the information furnished to us by the District. In accordance with the terms of our engagement, we did not audit the information provided to us, and we express no opinion as to the completeness, accuracy or suitability of such information for purposes of calculating the Rebatable Arbitrage.

We have scheduled the next Report as of February 28, 2026. Thank you and should you have any questions, please do not hesitate to contact us.

Very truly yours,

Michael J. Scarfo
Senior Vice President	David G. Mancuso, CPA, MBA
Vice President	

SUMMARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the February 14, 2027 Computation Date
Reflecting Activity from February 14, 2024 through February 28, 2025

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitrage	
Acquisition & Construction Account	4.891350%	84,766.07	(15,605.93)	
Costs of Issuance Account	4.909594%	13.62	(2.45)	
Interest Account	4.879469%	9,366.03	(1,737.45)	
Reserve Account	4.668659%	28,946.81	(7,034.05)	
Totals	4.836896%	$123,092.53	$(24,379.88)	
Bond Yield	5.669957%		
Rebate Computation Credit	(2,370.82)	
Net Rebatable Arbitrage	$(26,750.70)	

Based upon our computations, no rebate liability exists.

SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION

For purposes of computing Rebatable Arbitrage, investment activity is reflected from February 14, 2024, the date of the closing, to February 28, 2025, the Computation Period. All nonpurpose payments and receipts are future valued to the Computation Date of February 14, 2027.

Computations of yield are based on a 360-day year and semiannual compounding on the last day of each compounding interval. Compounding intervals end on a day in the calendar year corresponding to Bond maturity dates or six months prior.

For investment cash flow, debt service and yield computation purposes, all payments and receipts are assumed to be paid or received respectively, as shown on the attached schedules.
Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.
During the period between February 14, 2024 and February 28, 2025, the District made periodic payments into the Interest, Sinking and Prepayment Accounts (collectively, the “Debt Service Fund”) that were used, along with the interest earned, to provide the required debt service payments.
Under Section 148(f)(4)(A), the rebate requirement does not apply to amounts in certain bona fide debt service funds. The Regulations define a bona fide debt service fund as one that is used primarily to achieve a proper matching of revenues with principal and interest payments within each bond year. The fund must be depleted at least once each bond year, except for a reasonable carryover amount not to exceed the greater of the earnings on the fund for the immediately preceding bond year or 1/12th of the principal and interest payments on the issue for the immediately preceding bond year.
We have reviewed the Debt Service Fund and have determined that the funds deposited have functioned as a bona fide debt service fund and are not subject to the rebate requirement.

DEFINITIONS

Computation Date
February 14, 2027.

Computation Period
The period beginning on February 14, 2024, the date of the closing, and ending on February 28, 2025.

Bond Year
Each one-year period (or shorter period from the date of issue) that ends at the close of business on the day in the calendar year that is selected by the Issuer. If no day is selected by the Issuer before the earlier of the final maturity date of the issue or the date that is five years after the date of issue, each bond year ends at the close of business on the anniversary date of the issuance.

Bond Yield
The discount rate that, when used in computing the present value of all the unconditionally payable payments of principal and interest with respect to the Bonds, produces an amount equal to the present value of the issue price of the Bonds. Present value is computed as of the date of issue of the Bonds.

Taxable Investment Yield
The discount rate that, when used in computing the present value of all receipts of principal and interest to be received on an investment during the Computation Period, produces an amount equal to the fair market value of the investment at the time it became a nonpurpose investment.

Issue Price
The price determined on the basis of the initial offering price at which price a substantial amount of the Bonds was sold.

Rebatable Arbitrage
The Code defines the required rebate as the excess of the amount earned on all nonpurpose investments over the amount that would have been earned if such nonpurpose investments were invested at the Bond Yield, plus any income attributable to the excess. Accordingly, the Regulations require that this amount be computed as the excess of the future value of all the nonpurpose receipts over the future value of all the nonpurpose payments. The future value is computed as of the Computation Date using the Bond Yield.

Funds and Accounts
The Funds and Accounts activity used in the compilation of this Report was received from the District and US Bank, Trustee, as follows:

Accounts	Account Number	
Revenue	216198000	
Interest	216198001	
Sinking	216198002	
Prepayment	216198003	
Reserve	216198004	
Acquisition & Construction	216198005	
Costs of Issuance	216198006	

METHODOLOGY
Bond Yield
The methodology used to calculate the bond yield was to determine the discount rate that produces the present value of all payments of principal and interest through the maturity date of the Bonds.

Investment Yield and Rebate Amount
The methodology used to calculate the Rebatable Arbitrage, as of February 28, 2025, was to calculate the future value of the disbursements from all funds, subject to rebate, and the value of the remaining bond proceeds, at the yield on the Bonds, to February 14, 2027. This figure was then compared to the future value of the deposit of bond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on February 14, 2027, is the Rebatable Arbitrage.

$8,700,000
VillaMar Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2024 (Assessment Area Six Project) Delivered: February 14, 2024

Sources of Funds

Par Amount	$8,700,000.00	
Net Original Issue Discount	-40,911.15	
Total	$8,659,088.85	

Uses of Funds

Acquisition & Construction Account	$7,354,005.74	
Interest Account (Capitalized Interest)	343,608.11	
Costs of Issuance Account	184,475.00	
Reserve Account	603,000.00	
Underwriter’s Discount	174,000.00	
Total	$8,659,088.85	

PROOF OF ARBITRAGE YIELD
$8,700,000
Villamar Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2024 (Assessment Area Six Project)

Date	

Debt Service	Present Value to 02/14/2024
@ 5.6699572174%	
05/01/2024	102,948.73	101,724.93	
11/01/2024	240,659.38	231,242.86	
05/01/2025	360,659.38	336,993.80	
11/01/2025	237,884.38	216,147.27	
05/01/2026	367,884.38	325,053.10	
11/01/2026	234,878.13	201,810.93	
05/01/2027	369,878.13	309,043.70	
11/01/2027	231,756.25	188,300.65	
05/01/2028	371,756.25	293,722.89	
11/01/2028	228,518.75	175,574.12	
05/01/2029	373,518.75	279,068.10	
11/01/2029	225,165.63	163,590.86	
05/01/2030	380,165.63	268,589.43	
11/01/2030	221,581.25	152,232.79	
05/01/2031	381,581.25	254,930.25	
11/01/2031	217,881.25	141,551.13	
05/01/2032	387,881.25	245,048.14	
11/01/2032	213,206.25	130,982.02	
05/01/2033	393,206.25	234,904.48	
11/01/2033	208,256.25	120,984.04	
05/01/2034	398,256.25	224,984.07	
11/01/2034	203,031.25	111,535.01	
05/01/2035	403,031.25	215,301.06	
11/01/2035	197,531.25	102,613.00	
05/01/2036	407,531.25	205,866.95	
11/01/2036	191,756.25	94,196.42	
05/01/2037	416,756.25	199,079.31	
11/01/2037	185,568.75	86,200.14	
05/01/2038	420,568.75	189,976.23	
11/01/2038	179,106.25	78,674.17	
05/01/2039	429,106.25	183,292.79	
11/01/2039	172,231.25	71,540.45	
05/01/2040	437,231.25	176,607.86	
11/01/2040	164,943.75	64,787.89	
05/01/2041	444,943.75	169,950.41	
11/01/2041	157,243.75	58,404.95	
05/01/2042	452,243.75	163,345.79	
11/01/2042	149,131.25	52,379.72	
05/01/2043	459,131.25	156,816.05	
11/01/2043	140,606.25	46,700.06	
05/01/2044	470,606.25	151,995.11	
11/01/2044	131,531.25	41,310.46	
05/01/2045	481,531.25	147,066.81	
11/01/2045	121,468.75	36,075.63	
05/01/2046	491,468.75	141,939.86	
11/01/2046	110,831.25	31,126.47	
05/01/2047	500,831.25	136,778.61	
11/01/2047	99,618.75	26,456.17	
05/01/2048	514,618.75	132,901.73	
11/01/2048	87,687.50	22,021.24	
05/01/2049	527,687.50	128,866.52	
11/01/2049	75,037.50	17,819.72	
05/01/2050	540,037.50	124,711.21	
11/01/2050	61,668.75	13,848.60	
05/01/2051	551,668.75	120,469.81	
11/01/2051	47,581.25	10,104.04	
05/01/2052	567,581.25	117,205.01	

PROOF OF ARBITRAGE YIELD
$8,700,000
Villamar Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2024 (Assessment Area Six Project)

Date	

Debt Service	Present Value to 02/14/2024
@ 5.6699572174%	
11/01/2052	32,631.25	6,552.56	
05/01/2053	582,631.25	113,770.64	
11/01/2053	16,818.75	3,193.66	
05/01/2054	601,818.75	111,127.21	
	18,374,573.77	8,659,088.85	
	
Proceeds Summary		

Delivery date	02/14/2024	
Par Value	8,700,000.00	
Premium (Discount)	-40,911.15	
Target for yield calculation	8,659,088.85	

BOND DEBT SERVICE
$8,700,000
Villamar Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2024 (Assessment Area Six Project)

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
02/14/2024						
05/01/2024			102,948.73	102,948.73	102,948.73	
11/01/2024			240,659.38	240,659.38		
05/01/2025	120,000	4.625%	240,659.38	360,659.38	601,318.76	
11/01/2025			237,884.38	237,884.38		
05/01/2026	130,000	4.625%	237,884.38	367,884.38	605,768.76	
11/01/2026			234,878.13	234,878.13		
05/01/2027	135,000	4.625%	234,878.13	369,878.13	604,756.26	
11/01/2027			231,756.25	231,756.25		
05/01/2028	140,000	4.625%	231,756.25	371,756.25	603,512.50	
11/01/2028			228,518.75	228,518.75		
05/01/2029	145,000	4.625%	228,518.75	373,518.75	602,037.50	
11/01/2029			225,165.63	225,165.63		
05/01/2030	155,000	4.625%	225,165.63	380,165.63	605,331.26	
11/01/2030			221,581.25	221,581.25		
05/01/2031	160,000	4.625%	221,581.25	381,581.25	603,162.50	
11/01/2031			217,881.25	217,881.25		
05/01/2032	170,000	5.500%	217,881.25	387,881.25	605,762.50	
11/01/2032			213,206.25	213,206.25		
05/01/2033	180,000	5.500%	213,206.25	393,206.25	606,412.50	
11/01/2033			208,256.25	208,256.25		
05/01/2034	190,000	5.500%	208,256.25	398,256.25	606,512.50	
11/01/2034			203,031.25	203,031.25		
05/01/2035	200,000	5.500%	203,031.25	403,031.25	606,062.50	
11/01/2035			197,531.25	197,531.25		
05/01/2036	210,000	5.500%	197,531.25	407,531.25	605,062.50	
11/01/2036			191,756.25	191,756.25		
05/01/2037	225,000	5.500%	191,756.25	416,756.25	608,512.50	
11/01/2037			185,568.75	185,568.75		
05/01/2038	235,000	5.500%	185,568.75	420,568.75	606,137.50	
11/01/2038			179,106.25	179,106.25		
05/01/2039	250,000	5.500%	179,106.25	429,106.25	608,212.50	
11/01/2039			172,231.25	172,231.25		
05/01/2040	265,000	5.500%	172,231.25	437,231.25	609,462.50	
11/01/2040			164,943.75	164,943.75		
05/01/2041	280,000	5.500%	164,943.75	444,943.75	609,887.50	
11/01/2041			157,243.75	157,243.75		
05/01/2042	295,000	5.500%	157,243.75	452,243.75	609,487.50	
11/01/2042			149,131.25	149,131.25		
05/01/2043	310,000	5.500%	149,131.25	459,131.25	608,262.50	
11/01/2043			140,606.25	140,606.25		
05/01/2044	330,000	5.500%	140,606.25	470,606.25	611,212.50	
11/01/2044			131,531.25	131,531.25		
05/01/2045	350,000	5.750%	131,531.25	481,531.25	613,062.50	
11/01/2045			121,468.75	121,468.75		
05/01/2046	370,000	5.750%	121,468.75	491,468.75	612,937.50	
11/01/2046			110,831.25	110,831.25		
05/01/2047	390,000	5.750%	110,831.25	500,831.25	611,662.50	
11/01/2047			99,618.75	99,618.75		
05/01/2048	415,000	5.750%	99,618.75	514,618.75	614,237.50	
11/01/2048			87,687.50	87,687.50		
05/01/2049	440,000	5.750%	87,687.50	527,687.50	615,375.00	
11/01/2049			75,037.50	75,037.50		
05/01/2050	465,000	5.750%	75,037.50	540,037.50	615,075.00	
11/01/2050			61,668.75	61,668.75		
05/01/2051	490,000	5.750%	61,668.75	551,668.75	613,337.50	
11/01/2051			47,581.25	47,581.25		
05/01/2052	520,000	5.750%	47,581.25	567,581.25	615,162.50	

BOND DEBT SERVICE
$8,700,000
Villamar Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2024 (Assessment Area Six Project)

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
11/01/2052			32,631.25	32,631.25		
05/01/2053	550,000	5.750%	32,631.25	582,631.25	615,262.50	
11/01/2053			16,818.75	16,818.75		
05/01/2054	585,000	5.750%	16,818.75	601,818.75	618,637.50	
	8,700,000		9,674,573.77	18,374,573.77	18,374,573.77	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(5.669957%)

02/14/24	Beg	Bal	-7,354,005.74	-8,696,993.33	
02/14/24			231,616.05	273,913.74	
02/23/24			508,235.53	600,209.90	
02/23/24			300.00	354.29	
02/27/24			113,365.38	133,797.74	
03/25/24			18,751.14	22,034.71	
03/25/24			725,248.87	852,249.62	
03/25/24			126,737.56	148,931.00	
03/26/24			2,051.00	2,409.78	
04/03/24			302.50	355.03	
04/24/24			125,644.44	146,982.96	
04/29/24			17,324.00	20,250.45	
04/29/24			483,717.31	565,429.04	
04/29/24			6,034.54	7,053.92	
04/29/24			443,343.46	518,235.05	
05/02/24			18,575.82	21,703.62	
05/02/24			53,086.92	62,025.70	
05/03/24			15,787.66	18,443.12	
05/03/24			32,082.21	37,478.39	
05/03/24			372,386.01	435,020.82	
05/03/24			302,265.12	353,105.69	
05/03/24			185,797.97	217,048.93	
05/21/24			96,707.34	112,658.00	
05/21/24			9,041.46	10,532.74	
05/23/24			1,748,420.22	2,036,167.58	
05/23/24			50,285.10	58,560.80	
05/23/24			58,216.31	67,797.30	
05/23/24			107,586.60	125,292.73	
05/29/24			13,275.75	15,446.21	
05/29/24			45,989.44	53,508.30	
07/01/24			34,285.18	39,692.74	
07/03/24			545,149.48	630,936.03	
07/09/24			415,240.07	480,136.02	
07/22/24			14,348.50	16,557.50	
07/22/24			472,845.95	545,642.09	
08/15/24			44,641.95	51,331.03	
02/28/25	Bal		84.97	94.82	
02/14/27	TOTALS:	84,766.07	-15,605.93	

ISSUE DATE:	02/14/24	
REBATABLE ARBITRAGE:	
-15,605.93	
COMP DATE:	02/14/27	NET INCOME:	84,766.07	
BOND YIELD: 5.669957%	TAX INV YIELD:	4.891350%	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(5.669957%)	
02/14/24	Beg Bal	-184,475.00	-218,163.80	
02/14/24		53,000.00	62,678.85	
02/14/24		45,000.00	53,217.89	
02/14/24		40,000.00	47,304.79	
02/14/24		30,000.00	35,478.60	
02/14/24		6,000.00	7,095.72	
02/14/24		2,500.00	2,956.55	
02/14/24		1,750.00	2,069.58	
02/27/24		6,125.00	7,228.94	
08/26/24		113.62	130.42	
02/14/27	TOTALS:	13.62	-2.45	

ISSUE DATE:	02/14/24	REBATABLE ARBITRAGE:	-2.45	
COMP DATE:	02/14/27	NET INCOME:	13.62	
BOND YIELD:	5.669957%	TAX INV YIELD:	4.909594%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(5.669957%)

02/14/24	Beg	Bal	-343,608.11	-406,357.78	
03/04/24			740.68	873.23	
04/02/24			1,432.51	1,681.53	
05/01/24			102,948.74	120,301.94	
05/02/24			1,383.53	1,616.49	
06/04/24			1,001.85	1,164.74	
07/02/24			969.19	1,121.88	
08/02/24			1,000.10	1,152.28	
08/26/24			-113.62	-130.42	
09/04/24			996.09	1,141.97	
10/02/24			931.68	1,063.49	
11/01/24			240,659.38	273,472.41	
11/04/24			908.88	1,032.32	
12/03/24			0.73	0.83	
01/03/25			0.40	0.45	
02/04/25			0.39	0.44	
02/28/25	Bal		113.61	126.78	
02/14/27	TOTALS:	9,366.03	-1,737.45	

ISSUE DATE:	02/14/24	
REBATABLE ARBITRAGE:	
-1,737.45	
COMP DATE:	02/14/27	NET INCOME:	9,366.03	
BOND YIELD: 5.669957%	TAX INV YIELD:	4.879469%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(5.669957%)

02/14/24	Beg	Bal	-603,000.00	-713,119.78	
03/04/24			1,299.82	1,532.43	
04/02/24			2,513.92	2,950.93	
05/02/24			2,427.97	2,836.79	
06/04/24			2,510.10	2,918.21	
07/02/24			2,428.42	2,811.00	
08/02/24			2,505.85	2,887.15	
09/04/24			2,495.60	2,861.08	
10/02/24			2,333.34	2,663.45	
11/04/24			2,276.23	2,585.38	
12/03/24			2,125.46	2,403.29	
01/03/25			2,128.07	2,395.05	
02/04/25			2,050.22	2,296.35	
02/28/25	Bal		603,000.00	672,878.22	
02/28/25	Acc		1,851.81	2,066.41	
02/14/27	TOTALS:	28,946.81	-7,034.05	

ISSUE DATE:	02/14/24	
REBATABLE ARBITRAGE:	
-7,034.05	
COMP DATE:	02/14/27	NET INCOME:	28,946.81	
BOND YIELD: 5.669957%	TAX INV YIELD:	4.668659%	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(5.669957%)	
02/14/25		-2,120.00	-2,370.82	
02/14/27	TOTALS:	-2,120.00	-2,370.82	

ISSUE DATE:	02/14/24	REBATABLE ARBITRAGE: -2,370.82 COMP DATE:	02/14/27
BOND YIELD: 5.669957%

Section VIII

Prepared by:

Roy Van Wyk, Esq.
KILINSKI VANWYK, PLLC
517 E. College Avenue Tallahassee, Florida 32301

LIMITED LIABILITY COMPANY AFFIDAVIT FOR DEED

STATE OF FLORlDA COUNTY OF POLK
I, Adam Rhinehart ("Affiant"), on being duly sworn, state:

I am the Manager of VMAR DEV, LLC, a Florida limited liability company, (the "Company").

There has been no dissolution of the Company resulting from transfers of interests in the Company or otherwise. The Company has never been a debtor in a bankruptcy proceeding.
On behalf of the Company, Affiant is authorized to transfer, convey, exchange, assign, mortgage or otherwise deal with or dispose of the property more particularly described on the attached Exhibit "A: (the "Property") or any interests therein.

On behalf of the Company, Affiant is authorized to execute, acknowledge and deliver instruments of any kind that are necessary, convenient or incidental to the transfer of any interest in real property owned or controlled by the Company.

On behalf of the Company, I acknowledge this affidavit may be relied upon by the VillaMar Community Development District (t "District'J/9r the purpose of acquiring the Property and specifically consent to such reliance by t  f)is;/ict

SWORN TJJ AND SUBSCRIBED before me by means of  physical presence or O online notarization this _lfT_"' day of April 2025 by Adam Rhinehart, as M ger ofVMAR DEV, LLC, a Florida limited liability company, on behalf of company, and who N is personally known to me
or [_] produced 	 as identification.

Name: Y".  ,-ov-1 v	,	-- .	•
Personally Known _.1,._)( 	 _

jf 11

Notary PubUc s"t111 or Florfda
Llndaey E Roden
My CommlHIOn HH 103HI
Expires e1221202e

[notary seal]

OR Produced Identification 		_ Type of Identification 	_

EXHIBIT A

Tracts A, C, D, E, F, G and the road rights-of-way designated as San Pietro Drive, Domizio Drive, Botticella Boulevard, Taverna Loop, Coronari Lane, Navona Way, and Enzo Way, all as depicted on the plat of VillaMar Phase 7, recorded at Plat Book 211, Page 50, of the Public Records of Polk County, Florida

OWNER'S_AFFIDAVIT

STATE OF FLORIDA COUNTY OF POLK
BEFORE ME, the undersigned authority, personally appeared Adam Rhinehart ("Affiant") as Manager ofVMAR DEV, LLC, a Florida limited liability company (the "Company" or "Owner"), with a principal address of 346 E. Central Avenue, Winter Haven, FL 33880, who after first being duly sworn deposes and states as follows:

That Affiant knows of his own knowledge that VMAR DEV, LLC is the owner of the fee simple title in and to certain lands located in Polk County, Florida described on the attached Exhibit "A".
That the above-described land together with all improvements thereon ("Property") is free and clear of all liens, taxes, encumbrances and claims of every kind, nature and description whatsoever.
Affiant knows of no facts by reason of which the title to, or possession of, the Property might be disputed or questioned, or by reason of which any claim to any part of the Property might be asserted adversely.
That there are no mechanic's or materialman's or laborer's liens against the above described Property, nor any part thereof, and that no contractor, subcontractor, laborer or material man, engineer, land engineer, or surveyor has any lien against said Property, or any part thereof.
That within the past ninety (90) days, the Owner has not made any improvements, alterations or repairs to the above-described Property for which costs thereof remain unpaid, and that within the past ninety (90) days there have been no claims for labor or material furnished for repairing or improving the same at the instance of the Owner which remain unpaid.
That no proceedings in bankruptcy or receivership have ever been instituted by or against the Owner, nor has Owner ever made an assignment for the benefit of its creditors.
Affiant knows of no action or proceeding relating to the Property, which is now pending in any state or federal court in the United States affecting the Property, nor does Affiant know of any state or federal judgment or any federal lien of any kind or nature that now constitutes a lien or charge upon the Property.
Affiant knows of no unrecorded easements, liens, or assessments for sanitary sewers, streets, roadways, paving, other public utilities or improvements against the Property, nor are there any special assessments or taxes which are not shown as existing liens by the public records.

Affiant further states that he/she is familiar with the nature of an oath and with the penalties as provided by the laws of the State of Florida for falsely swearing to statements made in an instrument of this nature. Affiant further certifies that she has read the full facts set forth in this Affidavit and understands its content and context to be correct in all respects.

Affiant

Date:

-

FURTHER AFFIANT SAYETH NOT.

SWORN J ND SUBSCRIBED before me by means of	physical presence or O online notarization this'day of April 2025 by Adam Rhinehart, as M3l1Jger ofVMAR DEV, LLC,
a Florida limited liability company, on behalf of company, and who	is personally known to me or LJ produced 	 as identification.

[notary seal]

Personall_		 OR Produced Identifical1on 	_

Name: _...,, -,-,- -1 _...,	,- ....,..,w'Y  ,

Type of Identification 	_

)

.L

Notary Publlc s·1111 or Florida

Lindsey E Roden

•

Ul	My Co mlHlon HH SOUH

Exp1r11 8/2212021

EXHIBIT A
(Legal Description)
Tracts A, C, D, E, F, G and the road rights-of-way designated as San Pietro Drive, Domizio Drive, Botticella Boulevard, Taverna Loop, Coronari Lane, Navona Way, and Enzo Way, all as depicted on the plat of VillaMar Phase 7, recorded at Plat Book 211, Page 50, of the Public Records of Polk County, Florida

PREPARED BY AND RETURN TO:

Roy Van Wyk, Esquire
Kilinski I Van Wyk, PLLC 517 E. College Avenue Tallahassee, Florida 32301

Parcel ID No. 26-29-15-688506-004030; 26-29-15-688506-003940;
26-29-15-688506-003960; 26-29- l5-688506-003970; 26-29- l 5-688506-003980;
26-29-l 5-688506-003990; 26-29- l5-688506-004000

SPECIAL WARRANTY DEED
THIS SPECIAL WARRANTY DEED is executed as of this _ day of April 2025, by VMAR DEV, LLC, a Florida limited liability company, with a mailing address of 346 E. Central Avenue, Winter Haven, FL 33880, (hereinafter called the "grantor"), in favor of VILLAMAR COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government, with a mailing address of c/o Governmental Management Services Central Florida, LLC, 219 E. Livingston Street, Orlando, FL 32801 (hereinafter called the "grantee").

[Wherever used herein, the tenns "grantor" and "grantee" shall include the singular and plural, heirs, legal representatives, successors and assigns of individuals, and the successors and assigns of corporations, as the context requires.]

W IT N E S S E T H:

That the grantor, for and in consideration of the sum of $10.00 and other valuable considerations, receipt whereof is hereby acknowledged, hereby grants, bargains, sells, aliens, remises, releases, conveys and confirms unto the grantee, all that certain land situate in Polk County, Florida, further described at Exhibit A attached hereto.

Subject to restrictions, covenants, conditions and easements, of record; however, reference hereto shall not be deemed to reimpose same.

TOGETHER with all the tenements, hereditaments and appurtenances thereto belonging or in anywise appertaining.

TO HAVE AND TO HOLD, the same in fee simple forever.

AND the grantor hereby covenants with said grantee that the grantor is lawfully seized of said land in fee simple; that the grantor has good right and lawful authority to sell and convey said land; and hereby warrants the title to said land and will defend the same against the lawful claims of all persons or entities whomsoever claiming by, through or under grantor.

Grantor represents that grantor has complied with the requirements of Section l96.295, Florida Statutes.

Note to Recorder: This deed conveys unencumbered property to a local unit of special-purpose government for no taxable consideration. Accordingly, pursuant to Rule 12B-4.014, F.A.C., only minimal documentary stamp tax is being paid hereon.

GRANT OF EASEMENTS
AND FURTHER WITNESS THAT GRANTOR, for good and valuable consideration to it in hand paid by Grantee, the receipt and sufficiency whereof are hereby acknowledged, hereby further remises, releases and quit-claims to Grantee forever, the following non-exclusive, perpetual easement rights which the Grantor has, if any, as more particularly described below ("Easements"):

Those certain Maintenance Accss and Drainage Easements and Wall and Access Easements as identified on the Plat of VillaMar Phase 7, as recorded in Plat Book 211, Page 50, of the Public Records of Polk County, Florida.

And with respect to the foregoing, the rights of ingress and egress over, across, upon, and through the Easement Areas, as well as rights of installing, constructing, operating, maintaining, repairing and replacing utilities, stormwater, landscaping, irrigation, wetland and/or other District improvements that comprise the District's capital improvement plan.

TO HAVE AND TO HOLD the same forever, subject to taxes for the year hereof and subsequent years, as applicable, and all easements, restrictions, reservations, conditions, covenants, limitations and agreements of record. This reference to such matters of record shall not operate to re-impose the same. Grantor agrees and covenants that it has not and shall not grant or exercise any rights that are materially inconsistent with, or which materially interfere with, the rights herein granted to the District.

[Signature pages follow]

IN WITNESS WHEREOF, the Parties have caused this Special Warranty Deed to be executed as of the day and year first written above.

GRANTOR:

Signed, sealed and delivered in the presence of:

346 E. Central Avenue Winter Haven, FL 33880

346 E. Central Avenue Winter Haven, FL 33880

STATE OF FLORIDA COUNTY OF POLK

Ae1am Knmenan, Manager Address:
346 E. Central Avenue Winter Haven, FL 33880

SWORN.Jg AND SUBSCRIBED before me by means of .9\physical presence or O online notarization this  day of April 2025 by Adam Rhinehart, Manager of VMAR DEV, LLC, a Florida limited liability company, on behalf of company.

Name: v•  • « :=JY>< 

,

 	

I

[notary seal]

1111

Notary Public s·1ate of Florida
Lindsey E Roden
My Commission HH 303599
Expires e,2212026

l

Personally Known -A'--"r---				 OR Produced Identificaiion			_ Type of Identification 		_

ACCEPTANCE BY GRANTEE

By execution of this Special Warranty Deed, Grantee does hereby accept this conveyance, subject to the foregoing covenants, conditions, and restrictions, and agrees that it and the Property are subject to all matters hereinabove set forth. Grantee further agrees to comply with all terms, covenants, conditions, and restrictions provided in this Special Warranty Deed.
Dated this 		day of April 2025.

Signed, sealed and delivered in the presence of:

Witnesses:

Name:
Address:
346 E. Central Avenue Winter Haven, Florida 33880

346 E. Central Avenue Winter Haven, Florida 33880

STATE OF FLORIDA COUNTY OF POLK

VILLAMAR COMMUNITY DEVELOPMENT
DISTRICT, a local unit of special-purpose government established under Chapter 190 of the Florida Statutes
:,	-
Address:
219 E. Livingston Street Orlando, Florida 32801

Name:  ..,1 , 1 4µ_   -J	x	,...... ,..,	,,

1

The foregoing i _!llent was acknowledged before me by means of	physical presence or 0 online notarization this	"'day of April 2025, by Lauren 0. Schwenk, as Chairman of the Board of Supervisors of the VillaMar Community Development District.

A

Notary Public Stale or Florida l.lndsey E Roden
My Commission HH 30359g
Expires 812212026

(notary seal]

Personally Known   K ---				 OR Produced Identification 			_ Type of Identification 		_

EXHIBIT A

Tracts A, C, D, E, F, G and the road rights-of-way designated as San Pietro Drive, Domizio Drive, Botticella Boulevard, Taverna Loop, Coronari Lane, Navona Way, and Enzo Way, all as depicted on the plat of VillaMar Phase 7, recorded at Plat Book 211, Page 50, of the Public Records of Polk County, Florida

Section IX

Section C

Item will be provided under separate cover.

Section 1

Item will be provided under separate cover.

Section D

Section 1

VillaMar
COMMUNITY DEVELOPMENT DISTRICT

Check Register
Fiscal Year 2025

Date	check #'s	Amount	

March 2025	

Truist Bank

Check# 866 - 879	

$61,632.04	
	TOTAL	$61,632.04	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/11/25	PAGE	1
*** CHECK DATES 03/01/2025 - 03/31/2025 ***	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	#
3/18/25 00008 12/05/23 LS120520 202312 310-51300-11000	V	200.00-
SUPERVISOR FEES 12/05/23
LAUREN SCHWENK	200.00-000621
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/18/25 00008	8/06/24 LS080624 202408 310-51300-11000	V	200.00-
SUPERVISOR FEES 08/06/24
LAUREN SCHWENK	200.00-000751
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/27/25 00073	2/17/25 303-1	202502 330-57200-49000	V	5,074.52- MILTON- AMENITY ROOF REP.
AMERICAN ROOFING FL	5,074.52-000850
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/07/25 00015	3/06/25 16826	202503 320-53800-46200	*	700.00
INST.CHOC MULCH & JASMINE
PRINCE & SONS INC.	700.00 000866
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/07/25 00049	2/28/25 12077924 202503 320-53800-34500	*	3,027.20
FEB 25 -SECURITY SERVICES
SECURITAS SECURITY SERVICES USA,INC	3,027.20 000867
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/07/25 00041	3/01/25 PSI14793 202503 320-53800-47000	*	1,082.00 LAKE MAINTENANCE - MAR 25
3/01/25 PSI14793 202503 320-53800-47000	*	856.00
POND MAINTENANCE - MAR 25
SOLITUDE LAKE MANAGEMENT SERVICES	1,938.00 000868

3/18/25 00009	3/01/25	
	3/01/25	
	3/01/25	
	3/01/25	
	3/01/25	
	3/01/25	
	3/01/25	
	3/01/25	
	3/01/25	
	3/01/25	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
317	202503 310-51300-34000	*	3,718.75
MAR 25 - MGMT FEES
317	202503 310-51300-35200	*	105.00
MAR 25 - WEBSITE ADMIN
317	202503 310-51300-35100	*	157.50
MAR 25 - INFORMATION TECH
317	202503 310-51300-31300	*	833.33
MAR 25 - DISSEMINATION
317	202503 330-57200-12000	*	625.00
MAR 25 - AMENITY ACCESS
317	202503 310-51300-51000	*	.45
MAR 25 - OFFICE SUPPLIES
317	202503 310-51300-42000	*	202.51
MAR 25 - POSTAGE
317	202503 310-51300-42500	*	11.10
MAR 25 - COPIES
318	202503 320-53800-12000	*	1,875.00
MAR 25 - FIELD MGMT
318	202503 310-51300-42500	*	55.83
MAR 25 - COPIES STAPLES
GOVERNMENTAL MANAGEMENT SERVICES -	7,584.47 000869
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/11/25	PAGE	2
*** CHECK DATES 03/01/2025 - 03/31/2025 ***	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	#
3/18/25 00008 12/05/23 LS120520 202312 310-51300-11000	*	200.00
SUPERVISOR FEES 12/05/23
8/06/24 LS080624 202408 310-51300-11000	*	200.00
SUPERVISOR FEES 08/06/24
LAUREN SCHWENK	400.00 000870
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/18/25 00012	2/25/25 7656891	202502 310-51300-32300	*	4,256.13
TRUSTEE FEES- SERIES 2024
2/25/25 7656891	202502 310-51300-32300	V	4,256.13- TRUSTEE FEES- SERIES 2024
VILLAMAR CDD C/O USBANK *DO NOT USE	.00 000871
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/18/25 00027	3/18/25 APR25PLA 202504 330-53800-48600	*	1,078.87 APR 25 - PLAYG.FURN LEASE
3/18/25 APR25PLA 202504 330-53800-48600	*	1,396.07 APR 25 - POOL FURN. LEASE
WHFS, LLC	2,474.94 000872
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/18/25 00019	2/25/25 7656891	202502 310-51300-32300	*	4,256.13
TRUSTEE FEE - SERIES 2024
US BANK	4,256.13 000873
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/19/25 00074	3/19/25 REFUND-C 202503 300-20700-10000	*	35,979.79 REFUND CORE&MAIN FUND36
3/19/25 REFUND-C 202503 300-20700-10000	V	35,979.79- REFUND CORE&MAIN FUND36
VILLAMAR CDD C/O US BANK	.00 000874
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/19/25 00074	3/19/25 REFUND-C 202503 300-20700-10000	*	35,976.79 REFUND CORE&MAIN FUND36
VILLAMAR CDD C/O US BANK	35,976.79 000875
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/27/25 00073	2/17/25 303-1	202502 330-57200-49000	*	10,149.03
MILTON- AMENITY ROOF REP.
AMERICAN ROOFING FL	10,149.03 000876
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/31/25 00069	3/26/25 EC032620 202503 310-51300-11000	*	200.00
SUPERVISOR FEES 03/26/25
EMILY CASSIDY	200.00 000877
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/31/25 00068	3/26/25 BH032620 202503 310-51300-11000	*	200.00
SUPERVISOR FEES 03/26/25
BOBBIE HENLEY	200.00 000878
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/31/25 00008	3/26/25 LS032620 202503 310-51300-11000	*	200.00
SUPERVISOR FEES 03/26/25
LAUREN SCHWENK	200.00 000879
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	61,632.04

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/11/25	PAGE	3
*** CHECK DATES 03/01/2025 - 03/31/2025 ***	VILLAMAR CDD - GENERAL FUND
BANK A VILLAMAR CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#

TOTAL FOR REGISTER	61,632.04

VMCD VILLAMAR CDD	SNEEROOA

Section 2

VillaMar	
Community Development District	

Unaudited Financial Reporting	
March 31, 2025	

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

VillaMar	
Community Development District	
Combined Balance Sheet	
March 31, 2025	
General	Debt Service	Capital Projects	Totals	
Fund	Fund	Fund	Governmental Fund	

Assets:	
Cash:	
Operating Account	$	348,289	$	-	$	-	$	348,289	
Capital Projects Account	-	-	665	665	
Investments:	
State Board Administration (SBA)	502,413	-	-	502,413	
Series 2019	
Reserve	-	206,254	-	206,254	
Revenue	-	441,920	-	441,920	
Prepayment	-	1,691	-	1,691	
Series 2020	
Reserve	-	184,450	-	184,450	
Revenue	-	408,069	-	408,069	
Prepayment	-	1	-	1	
Series 2022 A3	
Reserve	-	69,338	-	69,338	
Revenue	-	172,683	-	172,683	
Prepayment	-	422	-	422	
Construction	-	-	9	9	
Series 2022 A4	
Reserve	-	123,509	-	123,509	
Revenue	-	279,900	-	279,900	
Series 2023 A5	
Reserve	-	267,475	-	267,475	
Revenue	-	566,263	-	566,263	
Prepayment	-	92,847	-	92,847	
Series 2024 A6	
Reserve	-	603,000	-	603,000	
Revenue	-	39,832	-	39,832	
Interest	-	114	-	114	
Construction	-	-	85	85	
Due from Developer Series 2024 A6	-	-	-	-	
Due from General Fund Series 2019	-	9,050	-	9,050	
Due from General Fund Series 2020	-	8,272	-	8,272	
Due from General Fund Series 2023 A3	-	3,113	-	3,113	
Due from General Fund Series 2023 A4	-	5,600	-	5,600	
Due from General Fund Series 2023 A5	-	12,061	-	12,061	
Deposits	6,327	-	-	6,327	
Total Assets	$	857,029	$	3,495,865	$	759	$	4,353,654	
Liabilities:	
Accounts Payable	$	18,906	$	-	-	$	18,906	
Due to Debt Service	38,096	-	-	38,096	
Total Liabilites	$	57,002	$	-	$	-	$	57,002	
Fund Balance:	
Nonspendable:	
Prepaid Items	$	6,327	$	-	$	-	$	6,327	
Restricted for:	
Debt Service - Series 2019	-	658,916	-	658,916	
Debt Service - Series 2020	-	600,792	-	600,792	
Debt Service - Series 2022 A3	-	245,557	-	245,557	
Debt Service - Series 2022 A4	-	409,009	-	409,009	
Debt Service - Series 2023 A5	-	938,646	-	938,646	
Debt Service - Series 2024 A6	-	642,946	-	642,946	
Capital Projects - Series 2019	-	-	665	665	
Capital Projects - Series 2022 A3	-	-	9	9	
Capital Projects - Series 2024 A6	-	-	85	85	
Assigned for:	
Capital Reserves	169,845	-	-	169,845	
Unassigned	623,855	-	-	623,855	
Total Fund Balances	$	800,027	$	3,495,865	$	759	$	4,296,652	
	
Total Liabilities & Fund Balance	$	857,029	$	3,495,865	$	759	$	4,353,654	

VillaMar	
Community Development District	
General Fund	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending March 31, 2025	

Revenues:					
Assessments - Tax Roll	$	984,004	$	973,089	$	973,089	$	-	
Assessments - Direct Bill	71,847	35,922	35,922	-	
Interst Income	-	-	2,413	2,413	
Miscellaneous Revenue	-	-	4,168	4,168	

Total Revenues	$	1,055,851	$	1,009,011	$	1,015,591	$	6,580	
Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	6,000	$	1,600	$	4,400	
Engineering	7,500	3,750	-	3,750	
Attorney	30,000	15,000	6,114	8,886	
Annual Audit	5,600	5,600	-	5,600	
Assessment Administration	10,000	10,000	10,000	-	
Amortization	-	-	3,000	(3,000)	
Arbitrage	2,700	900	900	-	
Dissemination	10,000	5,000	5,250	(250)	
Trustee Fees	29,800	14,900	8,297	6,603	
Management Fees	44,625	22,313	22,313	-	
Information Technology	1,890	945	945	-	
Website Maintenance	1,260	630	630	-	
Postage & Delivery	3,500	1,750	518	1,232	
Insurance	6,886	6,886	6,408	478	
Printing & Binding	500	250	83	167	
Legal Advertising	10,000	5,000	-	5,000	
Other Current Charges	1,500	750	316	434	
Office Supplies	500	250	4	246	
Dues, Licenses & Subscriptions	175	175	175	-	
Total General & Administrative	$	178,436	$	100,099	$	66,553	$	33,546	

VillaMar	
Community Development District	
General Fund	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending March 31, 2025	

Operations & Maintenance					
Field Expenditures					
Property Insurance	$	18,854	$	18,854	$	14,133	$	4,721	
Field Management	22,500	11,250	11,250	-	
Landscape Maintenance	226,000	113,000	74,490	38,510	
Landscape Replacement	22,500	11,250	2,414	8,837	
Pond Maintenance	32,000	16,000	11,628	4,372	
Streetlights	166,320	83,160	82,709	451	
Electric	3,000	1,500	1,663	(163)	
Water & Sewer	30,000	15,000	19,422	(4,422)	
Sidewalk & Asphalt Maintenance	2,500	1,250	-	1,250	
Irrigation Repairs	10,000	5,000	2,883	2,117	
General Repairs & Maintenance	25,000	12,500	12,139	361	
Contingency	40,000	20,000	19,751	249	
Subtotal Field Expenditures	$	598,674	$	308,764	$	252,482	$	56,282	
Amenity Expenditures					
Amenity - Electric	$	18,000	$	9,000	$	7,411	$	1,589	
Amenity - Water & Sewer	20,000	10,000	5,773	4,227	
Playground & Furniture Lease	35,000	17,500	14,850	2,650	
Cable & Internet	3,000	1,500	1,155	345	
Pest Control	660	330	300	30	
Janitorial Services	11,780	5,890	7,485	(1,595)	
Security Services	36,036	18,018	19,166	(1,148)	
Pool Maintenance	34,440	17,220	21,395	(4,175)	
Amenity Access Management	7,500	3,750	3,750	-	
Amenity Repairs & Maintenance	10,000	5,000	3,042	1,958	
Holiday Decorations	10,000	5,000	10,000	(5,000)	
Contingency	10,000	5,000	14,506	(9,506)	
Subtotal Amenity Expenditures	$	196,416	$	98,208	$	108,833	$	(10,625)	

Total Expenditures	$	973,526	$	507,071	$	427,867	$	79,203	

Excess (Deficiency) of Revenues over Expen	$	82,325	$	501,940	$	587,724	$	(72,623)	
Other Financing Sources/(Uses):					
Capital Reserve Transfer	$	(82,325)	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	(82,325)	$	-	$	-	$	-	

Net Change in Fund Balance	$	-	$	501,940	$	587,724	$	(72,623)	
					
Fund Balance - Beginning	$	-		$	212,303		
					
Fund Balance - Ending	$	-		$	800,027		

VillaMar	
Community Development District	
Capital Reserve Fund	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending March 31, 2025	

Revenues:					
Interest Income	$	-	$	-	$	-	$	-	

Total Revenues	$	-	$	-	$	-	$	-	

Expenditures:					
Chair Lift Replacement	$	10,500	$	-	$	-	$	-	
Furniture Replacement	12,500	-	-	-	
Contingency	600	-	-	-	
Total Expenditures	$	23,600	$	-	$	-	$	-	

Excess (Deficiency) of Revenues over Expen	$	(23,600)	$	-	$	-	$	-	

Other Financing Sources/(Uses):

Capital Reserve Transfer	$	82,325	$	-	$	-	$	-	

Total Other Financing Sources/(Uses)	$	82,325	$	-	$	-	$	-	

Net Change in Fund Balance	$	58,725	$	-	$	-	$	-	
					
Fund Balance - Beginning	$	39,350		$	-		
					
Fund Balance - Ending	$	98,075		$	-		

VillaMar	
Community Development District	
Debt Service Fund Series 2019 A1	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending March 31, 2025	

Revenues:					
Assessments - Tax Roll	$	403,763	$	399,066	$	399,066	$	-	
Interest	-	-	7,007	7,007	

Total Revenues	$	403,763	$	399,066	$	406,073	$	7,007	

Expenditures:					
Interest - 11/1	$	140,338	$	140,338	$	140,338	$	-	
Principal - 5/1	125,000	-	-	-	
Interest - 5/1	140,338	-	-	-	
Total Expenditures	$	405,675	$	140,338	$	140,338	$	-	

Excess (Deficiency) of Revenues over Expen	$	(1,913)	$	258,728	$	265,735	$	7,007	

Net Change in Fund Balance	$	(1,913)	$	258,728	$	265,735	$	7,007	
					
Fund Balance - Beginning	$	183,440		$	393,180		
					
Fund Balance - Ending	$	181,528		$	658,916		

VillaMar	
Community Development District	
Debt Service Fund Series 2020 A2	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending March 31, 2025	

Revenues:					
Assessments - Tax Roll	$	369,050	$	364,758	$	364,758	$	-	
Interest	-	-	6,281	6,281	

Total Revenues	$	369,050	$	364,758	$	371,039	$	6,281	

Expenditures:					
Interest - 11/1	$	115,816	$	115,816	$	115,816	$	-	
Principal - 5/1	135,000	-	-	-	
Interest - 5/1	115,816	-	-	-	
Total Expenditures	$	366,631	$	115,816	$	115,816	$	-	

Excess (Deficiency) of Revenues over Expen	$	2,419	$	248,942	$	255,223	$	6,281	

Net Change in Fund Balance	$	2,419	$	248,942	$	255,223	$	6,281	
					
Fund Balance - Beginning	$	159,690		$	345,569		
					
Fund Balance - Ending	$	162,109		$	600,792		

VillaMar	
Community Development District	
Debt Service Fund Series 2022 A3	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending March 31, 2025	

Revenues:					
Assessments - Tax Roll	$	165,060	$	137,290	$	137,290	$	-	
Interest	-	-	3,153	3,153	

Total Revenues	$	165,060	$	137,290	$	140,443	$	3,153	

Expenditures:					
Interest - 11/1	$	44,066	$	44,066	$	44,066	$	-	
Principal - 11/1	50,000	50,000	50,000	-	
Interest - 5/1	43,284	-	-	-	
Total Expenditures	$	137,350	$	94,066	$	94,066	$	-	

Excess (Deficiency) of Revenues over Expen	$	27,710	$	43,224	$	46,377	$	3,153	

Net Change in Fund Balance	$	27,710	$	43,224	$	46,377	$	3,153	
					
Fund Balance - Beginning	$	66,015		$	199,180		
					
Fund Balance - Ending	$	93,725		$	245,557		

VillaMar	
Community Development District	
Debt Service Fund Series 2022 A4	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending March 31, 2025	

Revenues:					
Assessments - Tax Roll	$	249,825	$	246,920	$	246,920	$	-	
Interest	-	-	4,326	4,326	

Total Revenues	$	249,825	$	246,920	$	251,247	$	4,326	

Expenditures:					
Interest - 11/1	$	82,025	$	82,025	$	82,025	$	-	
Principal - 5/1	85,000	-	-	-	
Interest - 5/1	82,025	-	-	-	
Total Expenditures	$	249,050	$	82,025	$	82,025	$	-	

Excess (Deficiency) of Revenues over Expen	$	775	$	164,895	$	169,222	$	4,326	

Net Change in Fund Balance	$	775	$	164,895	$	169,222	$	4,326	
					
Fund Balance - Beginning	$	114,869		$	239,787		
					
Fund Balance - Ending	$	115,644		$	409,009		

VillaMar	
Community Development District	
Debt Service Fund Series 2023 A5	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending March 31, 2025	

Adopted	Prorated Budget	Actual		

` Revenues:	Budget	Thru 03/31/25	Thru 03/31/25	Variance	
Assessments - Direct	$	553,728	$	531,845	531,845	$	-	
Prepayments	-	-	125,926	125,926	
Interest	-	-	10,088	10,088	

Total Revenues	$	553,728	$	531,845	$	667,858	$	136,014	

Expenditures:					
Interest - 11/1	$	219,934	$	219,934	$	217,656	$	2,278	
Special Call - 11/1	-	-	140,000	(140,000)	
Interest 2/1	-	-	713	(713)	
Special Call - 2/1	-	-	50,000	(50,000)	
Interest - 5/1	219,934	-	-	-	
Principal - 5/1	115,000	-	-	-	
Total Expenditures	$	554,869	$	219,934	$	408,369	$	(188,434)	

Excess (Deficiency) of Revenues over Expen	$	(1,141)	$	311,910	$	259,490	$	(52,421)	

Net Change in Fund Balance	$	(1,141)	$	311,910	$	259,490	$	(52,421)	
					
Fund Balance - Beginning	$	336,869		$	679,156		
					
Fund Balance - Ending	$	335,728		$	938,646		

VillaMar	
Community Development District	
Debt Service Fund Series 2024 A6	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending March 31, 2025	

Adopted	Prorated Budget	Actual		
Budget	Thru 03/31/25	Thru 03/31/25	Variance	

Revenues:					
Assessments - Direct	$	603,000	$	-	$	-	$	-	
Interest	-	-	15,259	15,259	

Total Revenues	$	603,000	$	-	$	15,259	$	15,259	

Expenditures:					
Interest - 11/1	$	240,659	$	240,659	$	240,659	$	-	
Principal - 5/1	120,000	-	-	-	
Interest - 5/1	240,659	-	-	-	
Total Expenditures	$	601,319	$	240,659	$	240,659	$	-	

Excess (Deficiency) of Revenues over Expen	$	1,681	$	(240,659)	$	(225,401)	$	15,259	

Net Change in Fund Balance	$	1,681	$	(240,659)	$	(225,401)	$	15,259	
					
Fund Balance - Beginning	$	343,608		$	868,346		
					
Fund Balance - Ending	$	345,289		$	642,946		

VillaMar	
Community Development District	
Combined Capital Project Funds	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending March 31, 2025	

Series	Series	Series	Series	Series	Series		
2019 A1	2020 A2	2022 A3	2022 A4	2023 A5	2024 A6	Total	

Revenues								
Developer Contributions	$	-	$	-	$	-	$	-	$	19,807	$	1,522,904	$	1,542,711	
Interest	1	-	0	-	949	2	952	
Total Revenues	$	1	$	-	$	0	$	-	$	20,756	$	1,522,906	$	1,543,663	
Expenditures:								
Bank Fees	$	374	$	-	$	-	$	-	$	-	$	-	$	374	
Capital Outlay	301	-	-	-	294,865	1,522,904	1,818,070	
Total Expenditures	$	675	$	-	$	-	$	-	$	294,865	$	1,522,904	$	1,818,445	

Excess (Deficiency) of Rev. over Exp.	$	(674)	$	-	$	0	$	-	$	(274,110)	$	2	$	(274,782)	

Net Change in Fund Balance	$	(674)	$	-	$	0	$	-	$	(274,110)	$	2	$	(274,782)	
								
Fund Balance - Beginning	$	1,339	$	-	$	9	$	-	$	274,110	$	83	$	275,458	
								
Fund Balance - Ending	$	665	$	-	$	9	$	-	$	0	$	85	$	676	

VillaMar	
Community Development District	
Month to Month	

Revenues:														
Assessments - Tax Roll	$	-	$	24,316	$  926,520	$	7,560	$	11,908	$	2,699	$	-	$	-	$	-	$	85	$	-	$	-	$	973,089	
Assessments - Direct Bill	-	-	35,922	-	-	-	-	-	-	-	-	-	35,922	
Interst Income	-	-	-	-	497	1,916	-	-	-	-	-	-	2,413	
Miscellaneous Revenue	30	4,108	-	-	30	-	-	-	-	-	-	-	4,168	

Total Revenues	$	30	$  28,424	$ 962,442	$	7,560	$  12,435	$	4,615	$	-	$	-	$	-	$	85	$	-	$	-	$ 1,015,591	

Expenditures:														
General & Administrative:														
Supervisor Fees	$	-	$	-	$	1,000	$	-	$	-	$	600	$	-	$	-	$	-	$	-	$	-	$	-	$	1,600	
Engineering	-	-	-	-	-	-	-	-	-	-	-	-	-	
Attorney	1,048	117	2,009	831	1,110	1,000	-	-	-	-	-	-	6,114	
Annual Audit	-	-	-	-	-	-	-	-	-	-	-	-	-	
Assessment Administration	10,000	-	-	-	-	-	-	-	-	-	-	-	10,000	
Amortization	-	-	-	-	-	3,000	-	-	-	-	-	-	3,000	
Arbitrage	-	-	-	-	450	450	-	-	-	-	-	-	900	
Dissemination	833	833	833	833	1,083	833	-	-	-	-	-	-	5,250	
Trustee Fees	-	-	4,041	-	4,256	-	-	-	-	-	-	-	8,297	
Management Fees	3,719	3,719	3,719	3,719	3,719	3,719	-	-	-	-	-	-	22,313	
Information Technology	158	158	158	158	158	158	-	-	-	-	-	-	945	
Website Maintenance	105	105	105	105	105	105	-	-	-	-	-	-	630	
Postage & Delivery	113	42	93	28	40	203	-	-	-	-	-	-	518	
Insurance	6,408	-	-	-	-	-	-	-	-	-	-	-	6,408	
Printing & Binding	16	-	-	-	-	67	-	-	-	-	-	-	83	
Legal Advertising	-	-	-	-	-	-	-	-	-	-	-	-	-	
Other Current Charges	41	41	69	42	44	80	-	-	-	-	-	-	316	
Office Supplies	1	0	0	2	0	0	-	-	-	-	-	-	4	
Dues, Licenses & Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175	
Total General & Administrative	$	22,617	$	5,015	$  12,025	$	5,717	$  10,966	$  10,214	$	-	$	-	$	-	$	-	$	-	$	-	$	66,553	

VillaMar	
Community Development District	
Month to Month	

Operations & Maintenance

Field Expenditures														
Property Insurance	$	14,133	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	14,133	
Field Management	1,875	1,875	1,875	1,875	1,875	1,875	-	-	-	-	-	-	11,250	
Landscape Maintenance	12,415	12,415	12,415	12,415	12,415	12,415	-	-	-	-	-	-	74,490	
Landscape Replacement	1,714	-	-	-	700	-	-	-	-	-	-	-	2,414	
Pond Maintenance	1,938	1,938	1,938	1,938	1,938	1,938	-	-	-	-	-	-	11,628	
Streetlights	15,645	17,627	14,956	13,741	13,741	7,000	-	-	-	-	-	-	82,709	
Electric	229	220	266	278	320	350	-	-	-	-	-	-	1,663	
Water & Sewer	6,161	1,252	2,296	6,775	438	2,500	-	-	-	-	-	-	19,422	
Irrigation Repairs	178	-	-	170	130	2,405	-	-	-	-	-	-	2,883	
General Repairs & Maintenance	972	4,771	3,816	-	2,580	-	-	-	-	-	-	-	12,139	
Contingency	7,175	-	7,476	2,650	2,450	-	-	-	-	-	-	-	19,751	

Subtotal Field Expenditures	$	62,434	$  40,097	$  45,038	$  39,842	$  36,587	$  28,483	$	-	$	-	$	-	$	-	$	-	$	-	$  252,482	

Amenity Expenditures														
Amenity - Electric	$	911	$	1,300	$	1,300	$	1,300	$	1,300	$	1,300	$	-	$	-	$	-	$	-	$	-	$	-	$	7,411	
Amenity - Water & Sewer	591	971	991	1,143	977	1,100	-	-	-	-	-	-	5,773	
Playground & Furniture Lease	2,475	2,475	2,475	2,475	2,475	2,475	-	-	-	-	-	-	14,850	
Cable & Internet	189	189	189	189	189	210	-	-	-	-	-	-	1,155	
Pest Control	50	50	50	50	50	50	-	-	-	-	-	-	300	
Janitorial Services	2,595	850	1,490	850	850	850	-	-	-	-	-	-	7,485	
Security Services	3,071	3,255	3,255	1,822	3,027	4,735	-	-	-	-	-	-	19,166	
Pool Maintenance	3,405	2,730	3,290	2,730	6,370	2,870	-	-	-	-	-	-	21,395	
Amenity Access Management	625	625	625	625	625	625	-	-	-	-	-	-	3,750	
Amenity Repairs & Maintenance	477	-	2,355	-	210	-	-	-	-	-	-	-	3,042	
Holiday Decorations	-	-	10,000	-	-	-	-	-	-	-	-	-	10,000	
Contingency	4,357	-	-	-	10,149	-	-	-	-	-	-	-	14,506	

Subtotal Amenity Expenditures	$	18,747	$  12,445	$  26,019	$  11,184	$  26,222	$  14,216	$	-	$	-	$	-	$	-	$	-	$	-	$  108,833	

Total Expenditures	$ 103,797	$  57,557	$  83,082	$  56,742	$  73,775	$  52,913	$	-	$	-	$	-	$	-	$	-	$	-	$  427,867	

Other Financing Uses:

Capital Reserve Transfer	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	

Total Other Financing Uses	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	

Total Expenditures & Other Financing Use	$ 103,797	$  57,557	$  83,082	$  56,742	$  73,775	$  52,913	$	-	$	-	$	-	$	-	$	-	$	-	$  427,867	

Net Change in Fund Balance	$ (103,767)	$ (29,133)	$ 879,360	$ (49,182)	$ (61,340)	$ (48,298)	$	-	$	-	$	-	$	85	$	-	$	-	$  587,724	

VillaMar
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts - Polk County Fiscal Year 2025

Gross Assessment $	1,058,062	$	434,152	$	396,828	$	149,361	$	268,630	$	578,605	$	2,885,638	
Net Assessments $	983,998	$	403,761	$	369,050	$	138,905	$	249,826	$	538,103	$	2,683,643	

ON ROLL ASSESSMENTS

37%	15%	14%	5%	9%	20%	100.00%

Date	
Gross Amount	(Discount)/
Penalty	
Commissions	Interest/
(P. Appraiser)	
Net Receipts	
O&M Portion	Series 2019
Debt Service	Series 2020 Debt
Service	Series 2022 PH3
Debt Service	Series 2022 PH4
Debt Service	Series 2023 Debt
Service	
Total	

11/12/24	
$	5,350	
$	250	
$	102	
$	-	
$	4,998	
$	1,809	
$	758	
$	693	
$	261	
$	469	
$	1,010	
$	4,999	
11/15/24	9,829	393	189	-	9,247	3,560	1,351	1,235	465	836	1,801	9,247	
11/19/24	26,504	1,032	509	-	24,962	9,676	3,631	3,319	1,249	2,247	4,840	24,962	
11/26/24	55,061	2,202	1,057	-	51,801	19,937	7,570	6,919	2,604	4,684	10,088	51,801	
11/30/24	-	-	-	(28,856)	(28,856)	(10,581)	(4,341)	(3,968)	(1,494)	(2,686)	(5,786)	(28,856)	
12/06/25	819,721	32,762	15,739	-	771,220	282,920	115,999	106,026	39,907	71,774	154,594	771,220	
12/20/25	1,507,540	60,463	28,942	-	1,418,135	520,500	213,239	194,907	73,360	131,941	284,189	1,418,135	
12/27/25	362,240	14,081	6,963	-	341,196	123,100	51,810	47,356	17,824	32,057	69,048	341,196	
01/10/25	22,047	661	428	-	20,958	7,560	3,183	2,909	1,095	1,969	4,242	20,958	
02/03/25	-	-	-	4,084	4,084	1,497	614	562	211	380	819	4,084	
02/10/25	28,880	565	566	-	27,749	10,411	4,119	3,765	1,417	2,549	5,489	27,749	
03/07/25	7,688	63	153	-	7,473	2,699	1,134	1,037	390	702	1,511	7,473	
TOTAL	$ 2,844,860.00	$	112,472.57	$	54,647.74	$  (24,772.44)	$ 2,652,967.25	$	973,089.04	$	399,065.65	$	364,757.82	$	137,289.85	$	246,920.40	$	531,844.51	$  2,652,967.27	

$

99%
30,676

Net Percent Collected
Balance Remaining to Collect

SERIES 2019, SPECIAL ASSESSMENT REVENUE BONDS AREA 1	
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

RESERVE FUND DEFI RESERVE FUND REQ RESERVE FUND BAL

BONDS OUTSTANDIN LESS: SPECIAL CALL LESS: SPECIAL CALL LESS: SPECIAL CALL LESS: PRINCIPAL PAY LESS: SPECIAL CALL LESS: SPECIAL CALL LESS: SPECIAL CALL LESS: PRINCIPAL PAY LESS: SPECIAL CALL LESS: PRINCIPAL PAY LESS: PRINCIPAL PAY	4.875%

NITION	50% M UIREMENT
ANCE

G - 06/25/19
- 08/01/20
- 11/1/20
- 2/1/21
MENT - 5/1/21
- 5/1/21
- 8/1/21
- 11/1/21
MENT - 5/1/22
- 11/1/22
MENT - 5/1/23 MENT - 5/1/24	$3,815,000.00

AXIMUM ANNUAL DEBT SERVICE
$201,917
$206,254	May 1, 2050

$7,180,000 ($290,000) ($280,000) ($45,000) ($110,000) ($30,000)
($65,000)
($20,000) ($110,000) ($20,000) ($115,000) ($120,000)	
CURRENT BONDS OUTSTANDING	$5,975,000	

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

RESERVE FUND DEFI RESERVE FUND REQ RESERVE FUND BAL

BONDS OUTSTANDIN LESS: PRINCIPAL PAY LESS: PRINCIPAL PAY LESS: PRINCIPAL PAY	4.000%

NITION	50% M UIREMENT
ANCE

G - 11/24/20 MENT - 5/1/22 MENT - 5/1/23 MENT - 5/1/24	$3,260,000.00

AXIMUM ANNUAL DEBT SERVICE
$184,450
$184,450	May 1, 2051

$6,500,000 ($125,000) ($130,000) ($135,000)	
CURRENT BONDS OUTSTANDING	$6,110,000	

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

RESERVE FUND DEFI RESERVE FUND REQ RESERVE FUND BAL

BONDS OUTSTANDIN LESS: PRINCIPAL PAY LESS: SPECIAL CALL LESS: SPECIAL CALL LESS: PRINCIPAL PAY LESS: SPECIAL CALL LESS: SPECIAL CALL LESS: SPECIAL CALL LESS: SPECIAL CALL LESS: PRINCIPAL PAY	4.00%

NITION	50% M UIREMENT
ANCE

G - 03/18/22 MENT - 11/1/22
- 5/1/23
- 5/1/23
MENT - 11/1/23
- 11/1/23
- 2/1/24
- 5/1/24
- 8/1/24
MENT - 11/1/24	$2,255,000.00

AXIMUM ANNUAL DEBT SERVICE
$77,500
$69,338	November 1, 2051

$3,040,000 ($100,000) ($50,000)
($85,000)
($60,000) ($190,000) ($80,000) ($135,000) ($55,000)
($50,000)	
CURRENT BONDS OUTSTANDING	$2,235,000	

TERM 1	SERIES 2022, SPECIAL ASSE

3.250%	SSMENT REVENUE BONDS

$425,000.00	AREA 4

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

RESERVE FUND DEFI RESERVE FUND REQ RESERVE FUND BAL

BONDS OUTSTANDIN LESS: PRINCIPAL PAY LESS: PRINCIPAL PAY

CURRENT BONDS O	4.125%

NITION	50% M UIREMENT
ANCE

G - 03/18/22 MENT - 5/1/23 MENT - 5/1/24

UTSTANDING	$2,025,000.00

AXIMUM ANNUAL DEBT SERV
$12
$12	May 1, 2052

ICE 4,913
3,509

$4,295,000 ($80,000)
($80,000)

$4,135,000	

TERM 1	SERIES 2023, SPECIAL ASSE

4.875%	SSMENT REVENUE BONDS

$885,000.00	AREA 5

May 1, 2030	
TERM 2	5.63%	$2,860,000.00	May 1, 2043	
TERM 3

RESERVE FUND DEFI RESERVE FUND REQ RESERVE FUND BAL

BONDS OUTSTANDIN LESS: PRINCIPAL PAY LESS: SPECIAL CALL LESS: SPECIAL CALL LESS: SPECIAL CALL

CURRENT BONDS O	5.75%

NITION	MAXIM UIREMENT
ANCE

G - 06/15/23 MENT - 5/1/24
- 8/1/24
- 11/1/24
- 2/1/25

UTSTANDING	$4,195,000.00

UM ANNUAL DEBT SERVICE
$55
$26	May 1, 2053

3,728
7,475

$7,940,000 ($110,000) ($80,000) ($140,000) ($50,000)

$7,560,000	

TERM 1	SERIES 2024, SPECIAL ASSE

4.625%	SSMENT REVENUE BONDS

$985,000.00	AREA 6

May 1, 2031	
TERM 2	5.50%	$3,140,000.00	May 1, 2044	
TERM 3

RESERVE FUND DEFI

RESERVE FUND REQ RESERVE FUND BAL

BONDS OUTSTANDIN

CURRENT BONDS O	5.75%

NITION	LESSER
MAD
125%
10%

UIREMENT ANCE

G - 03/31/24

UTSTANDING	$4,575,000.00

OF:
S
Avg Annual DS of Origina l Issue

$60
$60	May 1, 2054

3,000
3,000

$8,700,000

$8,700,000