VillaMar Community Development District

Meeting Agenda May 28, 2025

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VillaMar
Community Development District

219 E. Livingston St., Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
May 21, 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, May 28, 2025 at 11:00 AM at the Offices of PRIME Community Management, 375 Avenue A SE, Winter Haven, FL 33880.
Zoom Video Join Link: https://us06web.zoom.us/j/88146441262
Call-In Information: 1-646-876-9923
Meeting ID: 881 4644 1262
Following is the advance agenda for the meeting:

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, 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 (Suggested Date: August 27, 2025)
Ratification of RFP for Construction Services for Phase 8 Mass Grading Project
Review and Ranking of Proposals Received for Phase 8 Mass Grading Project
Consideration of Construction Funding Agreement for Phase 8 Mass Grading Project
Consideration of Temporary Construction and Access Easement Agreement for Phase 8 Mass Grading Project
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)
District Manager’s Report
Approval of Check Registers
March 2025
April 2025
Balance Sheet & Income Statement
Presentation of Number of Registered Voters—1,344
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.

March 26, 2025	VillaMar CDD

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

March 26, 2025	VillaMar CDD

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.

March 26, 2025	VillaMar CDD

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.

March 26, 2025	VillaMar CDD

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 28th DAY OF MAY 2025.

ATTEST:	VILLAMAR COMMUNITY
DEVELOPMENT DISTRICT

By: 	

Secretary	Its: 	

Exhibit A:	Proposed Budget for Fiscal Year 2026

VillaMar
Community Development District

Proposed Budget
FY 2026

Table of Contents

1-2

3-5

6

7

8

9

10

11

12

13

14

15

16

17

18

	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

VillaMar	
Community Development District	
Proposed Budget FY 2026	
General Fund	

Adopted	Actuals	Projected	Total	Proposed	
Budget	Thru	Next	Thru	Budget	
Description	FY2025	4/30/2025	5 Months	9/30/2025	FY 2026	

Revenues						
Assessments - Tax Roll	$	984,004	$	980,623	$	3,381	$	984,004	$  1,260,612	
Assessments - Direct Bill (Unplatted 8)	71,847	53,883	17,964	71,847	20,706	
Interest Income	-	4,449	2,964	7,413	5,000	
Miscellaneous Revenue	-	4,168	-	4,168	-	

Total Revenues	$ 1,055,851	$	1,043,123	$	24,309	$ 1,067,432	$ 1,286,318	

Expenditures

Administrative						
Supervisor Fees	$	12,000	$	1,600	$	6,000	$	7,600	$	12,000	
Engineering	7,500	-	6,000	6,000	7,500	
Attorney	30,000	8,023	21,977	30,000	30,000	
Annual Audit	5,600	1,000	6,100	7,100	7,200	
Assessment Administration	10,000	10,000	-	10,000	10,300	
Bonds Amortization Filing	-	3,500	-	3,500	4,000	
Arbitrage	2,700	900	1,800	2,700	2,700	
Dissemination	10,000	5,833	4,167	10,000	10,300	
Trustee Fees	29,800	15,301	9,087	24,388	29,800	
Management Fees	44,625	26,031	18,594	44,625	45,964	
Information Technology	1,890	1,103	788	1,890	1,947	
Website Maintenance	1,260	735	525	1,260	1,298	
Postage & Delivery	3,500	518	1,900	2,418	3,000	
Insurance General Liability	6,886	6,408	-	6,408	7,000	
Printing & Binding	500	181	69	250	500	
Legal Advertising	10,000	-	5,000	5,000	3,160	
Office Supplies	500	366	134	500	500	
Other Current Charges	1,500	8	5,114	5,122	2,000	
Dues, Licenses & Subscriptions	175	175	-	175	175	

Subtotal Administrative	$	178,436	$	81,681	$	87,254	$	168,936	$	179,343	

Operations & Maintenance

Field Expenditures						
Property Insurance	$	18,854	$	14,133	$	-	$	14,133	$	27,500	
Field Management	22,500	13,125	9,375	22,500	23,175	
Landscape Maintenance	226,000	86,905	62,075	148,980	226,000	
Landscape Replacement	22,500	2,414	20,087	22,500	35,000	
Pond Maintenance	32,000	13,566	9,690	23,256	35,000	
Electric - Streetlights	166,320	97,901	67,517	165,418	190,000	
Electric	3,000	2,089	1,492	3,581	5,000	
Water & Sewer	30,000	22,007	16,836	38,843	50,000	
Sidewalk & Asphalt Maintenance	2,500	4,284	-	4,284	5,000	
Irrigation Repairs	10,000	2,883	7,117	10,000	10,000	
General Repairs & Maintenance	25,000	12,139	12,861	25,000	30,000	
Contingency	40,000	20,151	717	20,868	25,000	

Subtotal Field Expenditures	$	598,674	$	291,597	$  207,766	$	499,363	$	661,675	

VillaMar	
Community Development District	
Proposed Budget FY 2026	
General Fund	

Adopted	Actuals	Projected	Total	Proposed	
Budget	Thru	Next	Thru	Budget	
Description	FY2025	4/30/2025	5 Months	9/30/2025	FY 2026	

Amenity Expenditures

Amenity - Electric	$	18,000	$	8,976	$	2,141	$	11,117	$	24,000	
Amenity - Water	20,000	7,519	3,759	11,278	20,000	
Playground & Furniture Lease	35,000	17,325	17,676	35,000	65,000	
Internet	3,000	1,365	1,052	2,417	5,000	
Pest Control	660	350	250	600	2,000	
Janitorial Services	11,780	8,335	3,445	11,780	30,700	
Security Services	36,036	22,858	16,742	39,600	72,000	
Pool Maintenance - Contract	34,440	24,265	10,175	34,440	70,900	
Pool Maintenance - R&M	-	-	-	-	7,700	
Fountain Maintenance	-	-	-	-	1,000	
Amenity Access Management	7,500	4,375	3,125	7,500	15,000	
Amenity Repairs & Maintenance	10,000	4,577	5,423	10,000	20,000	
Holiday Decorations	10,000	10,000	-	10,000	20,000	
Contingency	10,000	14,506	9,969	24,475	25,000	

Subtotal Amenity Expenditures	$	196,416	$	124,451	$	73,757	$	198,207	$	378,300	

Total Operations & Maintenance	$	795,090	$	416,048	$  281,523	$	697,570	$ 1,039,975	

Total Expenditures	$	973,526	$	497,729	$  368,777	$	866,506	$ 1,219,318	

Other Financing Sources/(Uses):

$	(82,325)	$	-	$  (200,925)	$	(200,925)	$	(67,000)	

Capital Reserves

Total Other Financing Uses	$	(82,325)	$	-	$ (200,925)	$  (200,925)	$	(67,000)	

Net Change in Fund Balance	$	-	$	545,393	$  (545,393)	$	-	$	-	

Gross Assessments	$  1,377,762
Less: Discounts & Collections 7 $	96,443 
Net Assessments	 $ 1,281,318 

Product	

ERU's	
Assessable Units	

ERU/Unit	

Net Assessment	FY25
Gross Per Unit	FY26
Gross Per Unit	
Increase/ (Decrease)	
Single Family	1791	1791	1	$1,260,611.80	$756.84	$756.84	$0.00	
Phase 8 - Unplatted	29	211	0.14	$20,706.41	$127.90	$105.52	-$22.38	
Total ERU's	1820	2002		$1,281,318.21				

VillaMar	
Community Development District	
Budget Narrative	
Proposed Budget FY 2026	

REVENUES	
Maintenance Assessements	
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year.	
Interest
The District earns interest on the monthly average collected balance for each of their operating accounts.	

Expenditures - Administrative	
Supervisors Fees	
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated $200 per meeting in which they attend.	
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 currently has a contract with Kilinski Van Wyk, PLLC. to provide legal counsel services. This contract includes preparation for board meetings, review of contracts, review of agreements and resolutions and other research as directed by the Board of Supervisors and the District Manager.	
Annual Audit	
The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm.
The budgeted amount for the fiscal year is based on contracted fees from the previous year engagement plus anticipated increase.	
Assessment Administration	
Expenditures with Governmental Management Services related to adminitration of the District's Assessment Roll.	
Bond Amortization Filing	
The District will contract with an independent certified public accountant to calculate and update the District’s Amortization on its Series 2019, Series 2020, Series 2022 Series 2023 and Series 2024 bonds as well as one other anticipated bond issuance.	
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, Series 2022, Series 2023 and Series 2024 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 has contracted with Governmental Management Services to provide Management, Accounting and Recording Secretary Services for the District. The services include, but not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reporting, 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.	

VillaMar	
Community Development District	
Budget Narrative	
Proposed Budget FY 2026	

Expenditures - Administrative (continued)	
Website Maintenance	
Represents the costs with Governmental Management Services 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 and Delivery	
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.	
Insurance General Liability	
The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.	
Printing and Binding	
Copies used in the preparation of agenda packages, required mailings, and other special projects.	
Legal Advertising	
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.	
Office Supplies	
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.	
Other Current Charges	
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.	
Due, Licenses & Subscriptions	
The District is required to pay an annual fee to Florida Department of Commerce for $175.	

Expenditures - Field	
Property Insurance	
The District's Property Insurance policy is with a qualified entity that specializes in providing insurance coverage to
governmental agencies. The amount is based upon similar Community Development Districts.	
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 & Sewer	
Represents current and estimated costs for water and refuse services provided for common areas throughout the District.	

VillaMar	
Community Development District	
Budget Narrative	
Proposed Budget FY 2026	

Expenditures - Field (Continued)	
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.	
Expenditures - Amenity	
Amenity - Electric	
Represents estimated electric charges for the District’s amenity facilities.	
Amenity – Water & Sewer	
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 Centers. 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 pools. The District is contracted with Resort Pool Services for these services.	
Pool R&M	
Represents the costs of repairs and maintenance other than the contractual services of the District’s pools as they occur.	
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.	
Holiday Decorations	
Estimated cost for installation of holiday lights and décor as well as supplies.	
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.	

VillaMar	
Community Development District	
Proposed Budget FY 2026	
Capital Reserve	

Adopted	Actuals	Projected	Projected	Proposed	
Budget	Thru	Next	Thru	Budget	
Description	FY2025	4/30/2025	5 Months	9/30/2025	FY 2026	

Revenues	
Carry Forward Surplus	

$	39,350	$	-	$	87,520	$	87,520	$	146,845	

Total Revenues	$	39,350	$	-	$	87,520	$	87,520	$  146,845	

Expenditures

Chair Lift Replacement	$	10,500	$	-	$	10,500	$	10,500	$	13,500	
Furniture Replacement	12,500	-	12,500	12,500	20,000	
Contingency	600	-	-	-	-	

Total Expenditures	$	23,600	$	-	$	23,000	$	23,000	$	33,500	

Other Financing Sources/(Uses):

Capital Reserves	$	82,325	$	-	$	82,325	$	82,325	$	67,000	

Total Other Financing Uses	$	82,325	$	-	$	82,325	$	82,325	$	67,000	

Net Change in Fund Balance	$	98,075	$	-	$	146,845	$	146,845	$	180,345	

VillaMar	
Community Development District	
Proposed Budget FY 2026	
Series 2019 Area 1 Debt Service Fund	

Adopted	Actual	Projected	Projected	Proposed	
Budget	Thru	Next	Thru	Budget	
Description	FY2025	4/30/2025	5 Months	9/30/2025	FY 2026	

Revenues	
Assessments - Tax Roll	
Interest Income	
Carry Forward Surplus	

$	403,763	$	402,230	$	1,532	$	403,763	$	403,763	
-	9,186	5,000	14,186	6,000	
183,440	186,926	-	186,926	199,200	

Total Revenues	$  587,203	$  598,342	$	6,532	$  604,875	$  608,962	
Expenditures

Interest - 11/1	
Principal - 5/1	
Interest - 5/1	

$	140,338	$	140,338	$	-	$	140,338	$	137,838	
125,000	-	125,000	125,000	130,000	
140,338	-	140,338	140,338	137,838	

Total Expenditures	$  405,675	$  140,338	$  265,338	$  405,675	$  405,675	

Net Change in Fund Balance	$	181,528	$	458,005	$  (258,805)	$	199,200	$	203,287	

Interest Expense 11/1/26	$	135,238	
Total	$	135,238	

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

VillaMar	
Community Development District	
Series 2019 Special Assessment Bonds	
Amortization Schedule	

Date	Balance	Coupon	Principal	Interest	Total	

05/01/25	
$	5,975,000	
4.000%	
$	125,000	
$	140,338	
$	-	
11/01/25	5,850,000	4.000%	-	137,838	403,175	
05/01/26	5,850,000	4.000%	130,000	137,838	-	
11/01/26	5,720,000	4.000%	-	135,238	403,075	
05/01/27	5,720,000	4.000%	135,000	135,238	-	
11/01/27	5,585,000	4.000%	-	132,538	402,775	
05/01/28	5,585,000	4.000%	140,000	132,538	-	
11/01/28	5,445,000	4.000%	-	129,738	402,275	
05/01/29	5,445,000	4.000%	145,000	129,738	-	
11/01/29	5,300,000	4.625%	-	126,838	401,575	
05/01/30	5,300,000	4.625%	150,000	126,838	-	
11/01/30	5,150,000	4.625%	-	123,369	400,206	
05/01/31	5,150,000	4.625%	160,000	123,369	-	
11/01/31	4,990,000	4.625%	-	119,669	403,038	
05/01/32	4,990,000	4.625%	165,000	119,669	-	
11/01/32	4,825,000	4.625%	-	115,853	400,522	
05/01/33	4,825,000	4.625%	175,000	115,853	-	
11/01/33	4,650,000	4.625%	-	111,806	402,659	
05/01/34	4,650,000	4.625%	180,000	111,806	-	
11/01/34	4,470,000	4.625%	-	107,644	399,450	
05/01/35	4,470,000	4.625%	190,000	107,644	-	
11/01/35	4,280,000	4.625%	-	103,250	400,894	
05/01/36	4,280,000	4.625%	200,000	103,250	-	
11/01/36	4,080,000	4.625%	-	98,625	401,875	
05/01/37	4,080,000	4.625%	210,000	98,625	-	
11/01/37	3,870,000	4.625%	-	93,769	402,394	
05/01/38	3,870,000	4.625%	220,000	93,769	-	
11/01/38	3,650,000	4.625%	-	88,681	402,450	
05/01/39	3,650,000	4.625%	230,000	88,681	-	
11/01/39	3,420,000	4.875%	-	83,363	402,044	
05/01/40	3,420,000	4.875%	240,000	83,363	-	
11/01/40	3,180,000	4.875%	-	77,513	400,875	
05/01/41	3,180,000	4.875%	255,000	77,513	-	
11/01/41	2,925,000	4.875%	-	71,297	403,809	
05/01/42	2,925,000	4.875%	265,000	71,297	-	
11/01/42	2,660,000	4.875%	-	64,838	401,134	
05/01/43	2,660,000	4.875%	280,000	64,838	-	
11/01/43	2,380,000	4.875%	-	58,013	402,850	
05/01/44	2,380,000	4.875%	295,000	58,013	-	
11/01/44	2,085,000	4.875%	-	50,822	403,834	
05/01/45	2,085,000	4.875%	305,000	50,822	-	
11/01/45	1,780,000	4.875%	-	43,388	399,209	
05/01/46	1,780,000	4.875%	320,000	43,388	-	
11/01/46	1,460,000	4.875%	-	35,588	398,975	
05/01/47	1,460,000	4.875%	340,000	35,588	-	
11/01/47	1,120,000	4.875%	-	27,300	402,888	
05/01/48	1,120,000	4.875%	355,000	27,300	-	
11/01/48	765,000	4.875%	-	18,647	400,947	
05/01/49	765,000	4.875%	375,000	18,647	-	
11/01/49	390,000	4.875%	-	9,506	403,153	
05/01/50	390,000	4.875%	390,000	9,506	399,506	

$	5,975,000	$	4,470,588	$	10,445,588	

VillaMar	
Community Development District	
Proposed Budget FY 2026	
Series 2020 Area 2 Debt Service Fund	

Adopted	Actual	Projected	Projected	Proposed	
Budget	Thru	Next	Thru	Budget	
Description	FY2025	4/30/2025	5 Months	9/30/2025	FY 2026	

Revenues	
Assessments - Tax Roll	
Interest Income	
Carry Forward Surplus	

$	369,050	$	367,650	$	1,400	$	369,050	$	369,050	
-	8,267	3,680	11,947	5,000	
159,690	161,119	-	161,119	175,485	

Total Revenues	$  528,740	$  537,037	$	5,080	$  542,116	$  549,535	
Expenditures

Interest - 11/1	
Principal - 5/1	
Interest - 5/1	

$	115,816	$	115,816	$	-	$	115,816	$	114,044	
135,000	-	135,000	135,000	140,000	
115,816	-	115,816	115,816	114,044	

Total Expenditures	$  366,631	$  115,816	$  250,816	$  366,631	$  368,088	

Net Change in Fund Balance	$	162,109	$	421,221	$  (245,736)	$	175,485	$	181,447	

Interest Expense 11/1/26	$	111,804	
Total	$	111,804	

Gross
Maximum Annual  Net Assessment  Assessment Per
Product	Assessable Units	Debt Service	Per Unit	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	

VillaMar	
Community Development District	
Series 2020 Special Assessment Bonds	
Amortization Schedule	

Date	Balance	Coupon	Principal	Interest	Total	

05/01/25	$	6,110,000	2.625%	$	135,000	$	115,816	$	-	
11/01/25	5,975,000	3.200%	-	114,044	364,859	
05/01/26	5,975,000	3.200%	140,000	114,044	-	
11/01/26	5,835,000	3.200%	-	111,804	365,848	
05/01/27	5,835,000	3.200%	145,000	111,804	-	
11/01/27	5,690,000	3.200%	-	109,484	366,288	
05/01/28	5,690,000	3.200%	150,000	109,484	-	
11/01/28	5,540,000	3.200%	-	107,084	366,568	
05/01/29	5,540,000	3.200%	155,000	107,084	-	
11/01/29	5,385,000	3.200%	-	104,604	366,688	
05/01/30	5,385,000	3.200%	160,000	104,604	-	
11/01/30	5,225,000	3.750%	-	102,044	366,648	
05/01/31	5,225,000	3.750%	165,000	102,044	-	
11/01/31	5,060,000	3.750%	-	98,950	365,994	
05/01/32	5,060,000	3.750%	170,000	98,950	-	
11/01/32	4,890,000	3.750%	-	95,763	364,713	
05/01/33	4,890,000	3.750%	180,000	95,763	-	
11/01/33	4,710,000	3.750%	-	92,388	368,150	
05/01/34	4,710,000	3.750%	185,000	92,388	-	
11/01/34	4,525,000	3.750%	-	88,919	366,306	
05/01/35	4,525,000	3.750%	190,000	88,919	-	
11/01/35	4,335,000	3.750%	-	85,356	364,275	
05/01/36	4,335,000	3.750%	200,000	85,356	-	
11/01/36	4,135,000	3.750%	-	81,606	366,963	
05/01/37	4,135,000	3.750%	205,000	81,606	-	
11/01/37	3,930,000	3.750%	-	77,763	364,369	
05/01/38	3,930,000	3.750%	215,000	77,763	-	
11/01/38	3,715,000	3.750%	-	73,731	366,494	
05/01/39	3,715,000	3.750%	225,000	73,731	-	
11/01/39	3,490,000	3.750%	-	69,513	368,244	
05/01/40	3,490,000	3.750%	230,000	69,513	-	
11/01/40	3,260,000	3.750%	-	65,200	364,713	
05/01/41	3,260,000	4.000%	240,000	65,200	-	
11/01/41	3,020,000	4.000%	-	60,400	365,600	
05/01/42	3,020,000	4.000%	250,000	60,400	-	
11/01/42	2,770,000	4.000%	-	55,400	365,800	
05/01/43	2,770,000	4.000%	260,000	55,400	-	
11/01/43	2,510,000	4.000%	-	50,200	365,600	
05/01/44	2,510,000	4.000%	270,000	50,200	-	
11/01/44	2,240,000	4.000%	-	44,800	365,000	
05/01/45	2,240,000	4.000%	285,000	44,800	-	
11/01/45	1,955,000	4.000%	-	39,100	368,900	
05/01/46	1,955,000	4.000%	295,000	39,100	-	
11/01/46	1,660,000	4.000%	-	33,200	367,300	
05/01/47	1,660,000	4.000%	305,000	33,200	-	
11/01/47	1,355,000	4.000%	-	27,100	365,300	
05/01/48	1,355,000	4.000%	320,000	27,100	-	
11/01/48	1,035,000	4.000%	-	20,700	367,800	
05/01/49	1,035,000	4.000%	330,000	20,700	-	
11/01/49	705,000	4.000%	-	14,100	364,800	
05/01/50	705,000	4.000%	345,000	14,100	-	
11/01/50	360,000	4.000%	-	7,200	366,300	
05/01/51	360,000	4.000%	360,000	7,200	367,200	

$	6,110,000	$	3,776,716	$	9,886,716	

VillaMar	
Community Development District	
Proposed Budget FY 2026	
Series 2022 Area 3 Debt Service Fund	

Adopted	Actual	Projected	Projected	Proposed	
Budget	Thru	Next	Thru	Budget	
Description	FY2025	4/30/2025	5 Months	9/30/2025	FY 2026	

Revenues	
Assessments - Tax Roll	
Interest Income	
Carry Forward Surplus	

$	165,060	$	138,379	$	526	$	138,905	$	138,905	
-	3,966	1,500	5,466	1,000	
66,015	129,842	-	129,842	136,863	

Total Revenues	$  231,074	$  272,186	$	2,026	$  274,213	$  276,768	

Expenditures	
Interest - 11/1	
Principal - 11/1	
Interest - 5/1	

$	44,066	$	44,066	$	-	$	44,066	$	43,284	
50,000	50,000	-	50,000	50,000	
43,284	-	43,284	43,284	42,503	

Total Expenditures	$  137,350	$	94,066	$	43,284	$  137,350	$  135,788	

Net Change in Fund Balance	$	93,724	$	178,121	$	(41,258)	$	136,863	$	140,980	

Interest Expense 11/1/26	$	42,503	
Principal Expense 11/1/26	$	50,000	
Total	$	92,503	

Gross
Maximum Annual  Net Assessment  Assessment Per
Product	Assessable Units	Debt Service	Per Unit	Unit	
Single Family	83	$	103,394 $	1,246 $	1,339.48	
Single Family - Paid Down	57	$	35,511 $	623 $	669.89	
140	$	138,905	

VillaMar	
Community Development District	
Series 2022 A3 Special Assessment Bonds	
Amortization Schedule	

Date	Balance	Coupon	Principal	Interest	Total	
05/01/25	$	2,235,000	3.125%	$	-	$	43,284	$	-	
11/01/25	2,235,000	3.125%	50,000	43,284	136,569	
05/01/26	2,185,000	3.125%	-	42,503	-	
11/01/26	2,185,000	3.125%	50,000	42,503	135,006	
05/01/27	2,135,000	3.125%	-	41,722	-	
11/01/27	2,135,000	3.125%	55,000	41,722	138,444	
05/01/28	2,080,000	3.500%	-	40,863	-	
11/01/28	2,080,000	3.500%	55,000	40,863	136,725	
05/01/29	2,025,000	3.500%	-	39,900	-	
11/01/29	2,025,000	3.500%	55,000	39,900	134,800	
05/01/30	1,970,000	3.500%	-	38,938	-	
11/01/30	1,970,000	3.500%	60,000	38,938	137,875	
05/01/31	1,910,000	3.500%	-	37,888	-	
11/01/31	1,910,000	3.500%	60,000	37,888	135,775	
05/01/32	1,850,000	3.500%	-	36,838	-	
11/01/32	1,850,000	3.500%	65,000	36,838	138,675	
05/01/33	1,785,000	4.000%	-	35,700	-	
11/01/33	1,785,000	4.000%	65,000	35,700	136,400	
05/01/34	1,720,000	4.000%	-	34,400	-	
11/01/34	1,720,000	4.000%	65,000	34,400	133,800	
05/01/35	1,655,000	4.000%	-	33,100	-	
11/01/35	1,655,000	4.000%	70,000	33,100	136,200	
05/01/36	1,585,000	4.000%	-	31,700	-	
11/01/36	1,585,000	4.000%	75,000	31,700	138,400	
05/01/37	1,510,000	4.000%	-	30,200	-	
11/01/37	1,510,000	4.000%	75,000	30,200	135,400	
05/01/38	1,435,000	4.000%	-	28,700	-	
11/01/38	1,435,000	4.000%	80,000	28,700	137,400	
05/01/39	1,355,000	4.000%	-	27,100	-	
11/01/39	1,355,000	4.000%	80,000	27,100	134,200	
05/01/40	1,275,000	4.000%	-	25,500	-	
11/01/40	1,275,000	4.000%	85,000	25,500	136,000	
05/01/41	1,190,000	4.000%	-	23,800	-	
11/01/41	1,190,000	4.000%	90,000	23,800	137,600	
05/01/42	1,100,000	4.000%	-	22,000	-	
11/01/42	1,100,000	4.000%	90,000	22,000	134,000	
05/01/43	1,010,000	4.000%	-	20,200	-	
11/01/43	1,010,000	4.000%	95,000	20,200	135,400	
05/01/44	915,000	4.000%	-	18,300	-	
11/01/44	915,000	4.000%	100,000	18,300	136,600	
05/01/45	815,000	4.000%	-	16,300	-	
11/01/45	815,000	4.000%	105,000	16,300	137,600	
05/01/46	710,000	4.000%	-	14,200	-	
11/01/46	710,000	4.000%	110,000	14,200	138,400	
05/01/47	600,000	4.000%	-	12,000	-	
11/01/47	600,000	4.000%	110,000	12,000	134,000	
05/01/48	490,000	4.000%	-	9,800	-	
11/01/48	490,000	4.000%	115,000	9,800	134,600	
05/01/49	375,000	4.000%	-	7,500	-	
11/01/49	375,000	4.000%	120,000	7,500	135,000	
05/01/50	255,000	4.000%	-	5,100	-	
11/1/1950	255,000	4.000%	125,000	5,100	135,200	
5/1/1951	130,000	4.000%	-	2,600	-	
11/1/1951	130,000	4.000%	130,000	2,600	135,200	

$	2,235,000	$	1,440,269	$	3,675,269	

VillaMar	
Community Development District	
Proposed Budget FY 2026	
Series 2022 Area 4 Debt Service Fund	

Adopted	Actual	Projected	Projected	Proposed	
Budget	Thru	Next	Thru	Budget	
Description	FY2025	4/30/2025	5 Months	9/30/2025	FY 2026	

Revenues	
Assessments - Tax Roll	
Interest Income	
Carry Forward Surplus	

$	249,825	$	248,878	$	947	$	249,825	$	249,825	
-	5,679	2,000	7,679	-	
114,869	116,278	-	116,278	124,732	

Total Revenues	$  364,694	$  370,835	$	2,947	$  373,782	$  374,557	

Expenditures	
Interest - 11/1	
Principal - 5/1	
Interest - 5/1	

$	82,025	$	82,025	$	-	$	82,025	$	80,644	
85,000	-	85,000	85,000	90,000	
82,025	-	82,025	82,025	80,644	

Total Expenditures	$  249,050	$	82,025	$  167,025	$  249,050	$  251,288	

Net Change in Fund Balance	$	115,644	$	288,810	$  (164,078)	$	124,732	$	123,269	

Interest Expense 11/1/26	$	79,181	
Total	$	79,181	

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

VillaMar	
Community Development District	
Series 2022 A4 Special Assessment Bonds	
Amortization Schedule	

Date	Balance	Coupon	Principal	Interest	Total	
05/01/25	$	4,135,000	3.250%	$	85,000	$	82,025	$	-	
11/01/25	4,050,000	3.250%	-	80,644	247,669	
05/01/26	3,870,000	3.250%	90,000	80,644	-	
11/01/26	3,870,000	3.250%	-	79,181	249,825	
05/01/27	3,870,000	3.250%	90,000	79,181	-	
11/01/27	3,870,000	3.625%	-	77,719	246,900	
05/01/28	3,870,000	3.625%	95,000	77,719	-	
11/01/28	3,775,000	3.625%	-	75,997	248,716	
05/01/29	3,775,000	3.625%	95,000	75,997	-	
11/01/29	3,680,000	3.625%	-	74,275	245,272	
05/01/30	3,680,000	3.625%	100,000	74,275	-	
11/01/30	3,365,000	3.625%	-	72,463	246,738	
05/01/31	3,365,000	3.625%	105,000	72,463	-	
11/01/31	3,365,000	3.625%	-	70,559	248,022	
05/01/32	3,365,000	3.625%	110,000	70,559	-	
11/01/32	3,365,000	4.000%	-	68,566	249,125	
05/01/33	3,365,000	4.000%	110,000	68,566	-	
11/01/33	3,255,000	4.000%	-	66,366	244,931	
05/01/34	3,255,000	4.000%	115,000	66,366	-	
11/01/34	3,140,000	4.000%	-	64,066	245,431	
05/01/35	3,140,000	4.000%	120,000	64,066	-	
11/01/35	3,020,000	4.000%	-	61,666	245,731	
05/01/36	3,020,000	4.000%	125,000	61,666	-	
11/01/36	2,895,000	4.000%	-	59,166	245,831	
05/01/37	2,895,000	4.000%	130,000	59,166	-	
11/01/37	2,765,000	4.000%	-	56,566	245,731	
05/01/38	2,765,000	4.000%	135,000	56,566	-	
11/01/38	2,630,000	4.000%	-	53,866	245,431	
05/01/39	2,630,000	4.000%	140,000	53,866	-	
11/01/39	2,490,000	4.000%	-	51,066	244,931	
05/01/40	2,490,000	4.000%	150,000	51,066	-	
11/01/40	2,025,000	4.000%	-	48,066	249,131	
05/01/41	2,025,000	4.000%	155,000	48,066	-	
11/01/41	2,025,000	4.000%	-	44,966	248,031	
05/01/42	2,025,000	4.000%	160,000	44,966	-	
11/01/42	2,025,000	4.125%	-	41,766	246,731	
05/01/43	2,025,000	4.125%	165,000	41,766	-	
11/01/43	1,860,000	4.125%	-	38,363	245,128	
05/01/44	1,860,000	4.125%	175,000	38,363	-	
11/01/44	1,685,000	4.125%	-	34,753	248,116	
05/01/45	1,685,000	4.125%	180,000	34,753	-	
11/01/45	1,505,000	4.125%	-	31,041	245,794	
05/01/46	1,505,000	4.125%	190,000	31,041	-	
11/01/46	1,315,000	4.125%	-	27,122	248,163	
05/01/47	1,315,000	4.125%	195,000	27,122	-	
11/01/47	1,120,000	4.125%	-	23,100	245,222	
05/01/48	1,120,000	4.125%	205,000	23,100	-	
11/01/48	915,000	4.125%	-	18,872	246,972	
05/01/49	915,000	4.125%	215,000	18,872	-	
11/01/49	700,000	4.125%	-	14,438	248,309	
05/01/50	700,000	4.125%	225,000	14,438	-	
11/01/50	475,000	4.125%	-	9,797	249,234	
05/01/51	475,000	4.125%	235,000	9,797	-	
11/01/51	240,000	4.125%	-	4,950	249,747	
05/01/52	240,000	4.125%	240,000	4,950	244,950	
			$	4,135,000	$	2,780,813	$	6,915,813	

VillaMar	
Community Development District	
Proposed Budget FY 2026	
Series 2023 Area 5 Debt Service Fund	

Adopted	Actual	Projected	Projected	Proposed	
Budget	Thru	Next	Thru	Budget	
Description	FY2025	4/30/2025	5 Months	9/30/2025	FY 2026	

Revenues	
Assessments - Tax Roll	
Prepayments	
Interest Income	
Carry Forward Surplus	

$	553,728	$	536,062	$	2,040	$	538,102	$	526,853	
-	142,716	-	142,716	-	
-	13,148	6,000	19,148	5,000	
336,869	411,681	-	411,681	380,935	

Total Revenues	$  890,597	$ 1,103,607	$	8,040	$ 1,111,647	$  912,788	

Expenditures	
Interest - 11/1	
Special Call - 11/1	
Special Call - 2/1	
Interest 2/1	
Principal - 5/1	
Interest - 5/1	

$	219,934	$	217,656	$	-	$	217,656	$	209,663	
-	140,000	-	140,000	-	
-	50,000	-	50,000	-	
-	713	-	713		
115,000	-	110,000	110,000	115,000	
219,934	-	212,344	212,344	209,663	

Total Expenditures	$  554,869	$	408,369	$  322,344	$	730,713	$  534,325	

Net Change in Fund Balance	$	335,729	$	695,238	$  (314,304)	$	380,935	$	378,463	

Interest Expense 11/1/26	$	206,859	
Total	$	206,859	

Maximum Annual  Net Assessment  Gross Assessment
Product	Assessable Units	Debt Service	Per Unit	Per Unit	
Single Family	400	$	499,979  $	1,250  $	1,344	
Single Family	43	$	26,874 $	625 $	672	
400	$	526,853	

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

Date	Balance	Coupon	Principal	Interest	Total	
05/01/25	$	7,560,000	4.875%	$	110,000	$	212,344	$	-	
11/01/25	7,450,000	4.875%	-	209,663	532,006	
05/01/26	7,450,000	4.875%	115,000	209,663		
11/01/26	7,335,000	4.875%	-	206,859	531,522	
05/01/27	7,335,000	4.875%	120,000	206,859		
11/01/27	7,215,000	4.875%	-	203,934	530,794	
05/01/28	7,215,000	4.875%	130,000	203,934		
11/01/28	7,085,000	4.875%	-	200,766	534,700	
05/01/29	7,085,000	4.875%	135,000	200,766		
11/01/29	6,950,000	4.875%	-	197,475	533,241	
05/01/30	6,950,000	4.875%	140,000	197,475		
11/01/30	6,810,000	5.625%	-	194,063	531,538	
05/01/31	6,810,000	5.625%	150,000	194,063		
11/01/31	6,660,000	5.625%	-	189,844	533,906	
05/01/32	6,660,000	5.625%	155,000	189,844		
11/01/32	6,505,000	5.625%	-	185,484	530,328	
05/01/33	6,505,000	5.625%	165,000	185,484		
11/01/33	6,340,000	5.625%	-	180,844	531,328	
05/01/34	6,340,000	5.625%	175,000	180,844		
11/01/34	6,165,000	5.625%	-	175,922	531,766	
05/01/35	6,165,000	5.625%	185,000	175,922		
11/01/35	5,980,000	5.625%	-	170,719	531,641	
05/01/36	5,980,000	5.625%	195,000	170,719		
11/01/36	5,785,000	5.625%	-	165,234	530,953	
05/01/37	5,785,000	5.625%	210,000	165,234		
11/01/37	5,575,000	5.625%	-	159,328	534,563	
05/01/38	5,575,000	5.625%	220,000	159,328		
11/01/38	5,355,000	5.625%	-	153,141	532,469	
05/01/39	5,355,000	5.625%	235,000	153,141		
11/01/39	5,120,000	5.625%	-	146,531	534,672	
05/01/40	5,120,000	5.625%	245,000	146,531		
11/01/40	4,875,000	5.625%	-	139,641	531,172	
05/01/41	4,875,000	5.625%	260,000	139,641		
11/01/41	4,615,000	5.625%	-	132,328	531,969	
05/01/42	4,615,000	5.625%	275,000	132,328		
11/01/42	4,340,000	5.625%	-	124,594	531,922	
05/01/43	4,340,000	5.625%	290,000	124,594		
11/01/43	4,050,000	5.750%	-	116,438	531,031	
05/01/44	4,050,000	5.750%	310,000	116,438		
11/01/44	3,740,000	5.750%	-	107,525	533,963	
05/01/45	3,740,000	5.750%	325,000	107,525		
11/01/45	3,415,000	5.750%	-	98,181	530,706	
05/01/46	3,415,000	5.750%	345,000	98,181		
11/01/46	3,070,000	5.750%	-	88,263	531,444	
05/01/47	3,070,000	5.750%	365,000	88,263		
11/01/47	2,705,000	5.750%	-	77,769	531,031	
05/01/48	2,705,000	5.750%	390,000	77,769		
11/01/48	2,315,000	5.750%	-	66,556	534,325	
05/01/49	2,315,000	5.750%	410,000	66,556		
11/01/49	1,905,000	5.750%	-	54,769	531,325	
05/01/50	1,905,000	5.750%	435,000	54,769		
11/01/50	1,470,000	5.750%	-	42,263	532,031	
05/01/51	1,470,000	5.750%	460,000	42,263		
11/01/51	1,010,000	5.750%	-	29,038	531,300	
05/01/52	1,010,000	5.750%	490,000	29,038		
11/01/52	520,000	5.750%	-	14,950	533,988	
05/01/53	520,000	5.750%	520,000	14,950	534,950	
			$	7,560,000	$	7,876,581	$  15,436,581	

VillaMar	
Community Development District	
Proposed Budget FY 2026	
Series 2024 Area 6 Debt Service Fund	

Proposed	Actual	Projected	Projected	Proposed	
Budget	Thru	Next	Thru	Budget	
Description	FY2025	4/30/2025	5 Months	9/30/2025	FY 2026	

Revenues	
Assessments - Tax Roll	
Assessments - Direct	
Interest Income	
Carry Forward Surplus	

$	-	$	-	$	-	$	-	$	603,000	
603,000	364,816	238,184	603,000	-	
-	17,414	10,000	27,414	20,000	
343,608	265,349	-	265,349	343,608	

Total Revenues	$  946,608	$  647,579	$  248,184	$  895,763	$  966,608	

Expenditures	
Interest - 11/1	
Principal - 5/1	
Interest - 5/1	

$	343,608	$	240,659	$	-	$	240,659	$	237,884	
120,000	-	120,000	120,000	130,000	
240,659	-	240,659	240,659	237,884	

Total Expenditures	$  704,267	$  240,659	$  360,659	$  601,319	$  605,769	

Net Change in Fund Balance	$	242,341	$	406,920	$  (112,475)	$	294,444	$	360,839	

Interest Expense 11/1/26	$	234,878	
Total	$	234,878	

Gross
Maximum Annual  Net Assessment  Assessment Per
Product	Assessable Units	Debt Service	Per Unit	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	Coupon	Prinicpal	Interest	Total	
05/01/25	$	8,700,000	4.625%	$	120,000	$	240,659	$	-	
11/01/25	8,580,000	4.625%	-	237,884	598,544	
05/01/26	8,580,000	4.625%	130,000	237,884	-	
11/01/26	8,450,000	4.625%	-	234,878	602,763	
05/01/27	8,450,000	4.625%	135,000	234,878	-	
11/01/27	8,315,000	4.625%	-	231,756	601,634	
05/01/28	8,315,000	4.625%	140,000	231,756	-	
11/01/28	8,175,000	4.625%	-	228,519	600,275	
05/01/29	8,175,000	4.625%	145,000	228,519	-	
11/01/29	8,030,000	4.625%	-	225,166	598,684	
05/01/30	8,030,000	4.625%	155,000	225,166	-	
11/01/30	7,875,000	4.625%	-	221,581	601,747	
05/01/31	7,875,000	4.625%	160,000	221,581	-	
11/01/31	7,715,000	5.500%	-	217,881	599,463	
05/01/32	7,715,000	5.500%	170,000	217,881	-	
11/01/32	7,545,000	5.500%	-	213,206	601,088	
05/01/33	7,545,000	5.500%	180,000	213,206	-	
11/01/33	7,365,000	5.500%	-	208,256	601,463	
05/01/34	7,365,000	5.500%	190,000	208,256	-	
11/01/34	7,175,000	5.500%	-	203,031	601,288	
05/01/35	7,175,000	5.500%	200,000	203,031	-	
11/01/35	6,975,000	5.500%	-	197,531	600,563	
05/01/36	6,975,000	5.500%	210,000	197,531	-	
11/01/36	6,765,000	5.500%	-	191,756	599,288	
05/01/37	6,765,000	5.500%	225,000	191,756	-	
11/01/37	6,540,000	5.500%	-	185,569	602,325	
05/01/38	6,540,000	5.500%	235,000	185,569	-	
11/01/38	6,305,000	5.500%	-	179,106	599,675	
05/01/39	6,305,000	5.500%	250,000	179,106	-	
11/01/39	6,055,000	5.500%	-	172,231	601,338	
05/01/40	6,055,000	5.500%	265,000	172,231	-	
11/01/40	5,790,000	5.500%	-	164,944	602,175	
05/01/41	5,790,000	5.500%	280,000	164,944	-	
11/01/41	5,510,000	5.500%	-	157,244	602,188	
05/01/42	5,510,000	5.500%	295,000	157,244	-	
11/01/42	5,215,000	5.500%	-	149,131	601,375	
05/01/43	5,215,000	5.500%	310,000	149,131	-	
11/01/43	4,905,000	5.500%	-	140,606	599,738	
05/01/44	4,905,000	5.500%	330,000	140,606	-	
11/01/44	4,575,000	5.750%	-	131,531	602,138	
05/01/45	4,575,000	5.750%	350,000	131,531	-	
11/01/45	4,225,000	5.750%	-	121,469	603,000	
05/01/46	4,225,000	5.750%	370,000	121,469	-	
11/01/46	3,855,000	5.750%	-	110,831	602,300	
05/01/47	3,855,000	5.750%	390,000	110,831	-	
11/01/47	3,465,000	5.750%	-	99,619	600,450	
05/01/48	3,465,000	5.750%	415,000	99,619	-	
11/01/48	3,050,000	5.750%	-	87,688	602,306	
05/01/49	3,050,000	5.750%	440,000	87,688	-	
11/01/49	2,610,000	5.750%	-	75,038	602,725	
05/01/50	2,610,000	5.750%	465,000	75,038	-	
11/01/50	2,145,000	5.750%	-	61,669	601,706	
05/01/51	2,145,000	5.750%	490,000	61,669	-	
11/01/51	1,655,000	5.750%	-	47,581	599,250	
05/01/52	1,655,000	5.750%	520,000	47,581	-	
11/01/52	1,135,000	5.750%	-	32,631	600,213	
05/01/53	1,135,000	5.750%	550,000	32,631	-	
11/01/53	585,000	5.750%	-	16,819	599,450	
05/01/54	585,000	5.750%	585,000	16,819	601,819	
			$	8,700,000	$	9,330,966	$	18,030,966	

Section V

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT REQUEST FOR PROPOSALS
CONSTRUCTION SERVICES FOR PHASE 8 MASS GRADING
POLK COUNTY, FLORIDA

Notice is hereby given that the VillaMar Community Development District (“District”) will receive proposals for the following District project:

CONSTRUCTION SERVICES FOR PHASE 8 MASS GRADING (“PROJECT”)

The Project Manual will be available beginning Tuesday, May 6, 2025 at 8:00 AM EST at the offices of the Design Engineer, Quiddity Engineering, LLC, located at 1925 Bartow Road, Suite 100 Lakeland, Florida 33801 or by calling (863) 940-2040 or emailing jbannon@quiddity.com and nrowan@quiddity.com. The Project Manual will include, but not be limited to, the Request for Proposals, proposal and contract documents, and construction plans and specifications.
The District reserves the right to reject any and all proposals, make modifications to the work, award the contract in whole or in part with or without cause, provide for the delivery of the project in phases, and waive minor or technical irregularities in any Proposal, as it deems appropriate, if it determines in its discretion that it is in the District’s best interests to do so. Each proposal shall be accompanied by a proposal guarantee in the form of a proposal bond or certified cashier’s check in an amount not less than five percent (5%) of the total bid to be retained in the event the successful proposer fails to execute a contract with the District and file the requisite Performance and Payment Bonds and insurance within fourteen (14) calendar days after the receipt of the Notice of Award.
Any person who wishes to protest the Project Manual, or any component thereof, shall file with the District a written notice of protest within seventy-two (72) calendar hours (excluding Saturdays, Sundays, and state holidays) after the Project Manual is made available, and shall file a formal written protest with the District within seven (7) calendar days (including Saturdays, Sundays, and state holidays) after the date of timely filing the initial notice of protest. Filing will be perfected and deemed to have occurred upon receipt by the District’s Manager directed to Jill Burns at jburns@gmscfl.com. Failure to timely file a notice of protest or failure to timely file a formal written protest shall constitute a waiver of any right to object to or protest the contents of the District’s Project Manual. The formal written protest shall state with particularity the facts and law upon which the protest is based.
Ranking of proposals will be made on the basis of qualifications according to the evaluation criteria contained within the Project Manual; however, please note that proposals received from firms failing to meet the following minimum qualifications/requirements will not be considered or evaluated: (1) Proposer will have constructed three (3) improvements similar in quality and scope with a minimum of $1,000,000 in total volume construction cost within the last five (5) years; (2) Proposer will have minimum bonding capacity of $1,000,000 from a surety company acceptable to the District; (3) Proposer is authorized to do business in Florida; and (4) Proposer is registered with Polk County and is a licensed contractor in the State of Florida.

Any and all questions relative to this project shall be directed in email only to jbannon@quiddity.com and nrowan@quiddity.com, no later than 12:00 PM EST, Tuesday, May 13, 2025.
Firms desiring to provide services for this project must submit one (1) original and (1) electronic copy in PDF included with the submittal package of the required proposal no later than 1:30 PM EST, Tuesday, May 20, 2025, at the offices of Quiddity Engineering, LLC, located at 1925 Bartow Road, Suite 100, Lakeland, Florida 33801. Proposals shall be submitted in a sealed opaque package, shall bear the name of the proposer on the outside of the package and shall identify the name of the project. Proposals will be opened at a public meeting to be held at 1:30 PM EST, Tuesday, May 20, 2025, at the offices of Quiddity Engineering, LLC, located at 1925 Bartow Road, Suite 100, Lakeland, Florida 33801. No official action will be taken at the meeting. Proposals received after the time and date stipulated above will be returned un-opened to the proposer. Any proposal not completed as specified or missing the required proposal documents as provided in the Project Manual may be disqualified.
The meeting is open to the public and will be conducted in accordance with the provisions of Florida law. If held in person, there may be occasions when one or more Board Supervisors or staff members will participate by telephone. At the above location will be present a speaker telephone so that any Board Supervisor or staff member can attend the meeting and be fully informed of the discussions taking place either in person or by telephone communication. The meeting may be continued in progress without additional notice to a time, date, and location stated on the record.
Any person requiring special accommodations to participate in this meeting is asked to advise the District Manager’s Office at (407) 841-5524, at least 48 hours before the meetings. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1- 800-955-8770 (Voice), for aid in contacting the District Manager’s Office.

VillaMar Community Development District District Manager

Run Date: Tuesday, May 6, 2025

Section VI

EXHIBIT A

Villamar Phase 8 Mass Grading
Bid Evalulation

Owner:	Villamar CDD Engineer:	John Bannon

		EVALUATION CRITERIA	
		Personell	Experience	Understanding
of Scope	Financial
Capability	Schedule	Price	Total	
	Points Available	(5)	(10)	(10)	(10)	(25)	(40)	(100)	
		
Rank	Contractor	POINTS AWARDED	
		
1	Tucker	10.00	10.00	9.50	8.00	12.50	40.00	90.00	
2	QGS	9.50	9.00	9.50	9.50	25.00	22.59	85.09	
3	Kearney	9.00	9.00	9.50	10.00	11.93	8.00	57.43	

EXHIBIT B

Villamar Phase 8 Mass Grading
ORIGINAL BID AMOUNTS

Owner:	Villamar CDD Engineer:	John Bannon

Ranking	Contractor	Bid Amount		
1	Tucker	$128,886.26		
2	QGS	$204,902.83		
3	Kearney	$312,406.09		

EXHIBIT C

Villamar Phase 8 Mass Grading
COMPARISON - ADJUSTED BID PRICES

Owner:	VILLAMAR CDD
Engineer:	John Bannon

Contractor	Sod	Bond	Total				
Tucker	Not Included	Not Included	$0.00				
QGS	$3,460.00	$2,049.15	$5,509.15				
Kearney	$12,372.48	Not Included	$12,372.48				

							

ADJUSTED BID PRICES APPLES TO APPLES				
							
Contractor	Bid	Adjust	Adjusted Bid				
Tucker	$128,886.26	$0.00	$128,886.26				
QGS	$204,902.83	($5,509.15)	$199,393.68				
Kearney	$312,406.09	($12,372.48)	$300,033.61				

							

							

EXHIBIT D

Bid Scoring Comparison

	PRICE	Points	
			
Tucker	(30 x 1.00) + (10 x 1.00)	40.0	
QGS	(30 x 0.45) + (10 x 0.90)	22.6	
Kearney	(30 x 0.00) + (10 x 0.80)	8.0	

	SCHEDULE		
	Days		
Tucker	42	12.50	
QGS	21	25.00	
Kearney	44	11.93	

	FINANCIAL		
Tucker	Bonding Limit $80,000,000	8.00	
QGS	Bonding Limit $200,000,000	9.50	
Kearney	Bonding Limit $250,000,000	10.00	

	UNDERSTANDING SCOPE		
Tucker	10 x 0.95	9.50	
QGS	10 x 0.95	9.50	
Kearney	10 x 0.95	9.50	

	EXPERIENCE		
Tucker		10.00	
QGS		9.00	
Kearney		9.00	

	PERSONNEL		
Tucker	Winter Haven, FL	10.00	
QGS	Plant City, FL	9.50	
Kearney	Riverview, FL	9.00	

5/27/2025	Page 4 of 4

Section VII

CONSTRUCTION FUNDING AGREEMENT BETWEEN VILLAMAR COMMUNITY DEVELOPMENT DISTRICT AND VMAR DEV, LLC
[PHASE 8 PROJECT CONSTRUCTION]

This Agreement (“Agreement”) is made and entered into this 28th day of May 2025, by and between:
VillaMar Community Development District, a local unit of special- purpose government established pursuant to Chapter 190, Florida Statutes, and located in Polk County, Florida, with a mailing address of 219 East Livingston Street, Orlando, Florida 32801 (“District”), and
VMAR DEV, LLC, a Florida limited liability company, and owner of certain lands within the District, with a mailing address of 346 East Central Avenue, Winter Haven, Florida 33880, and its successors and assigns (“Developer”)

RECITALS

Whereas, the District was established for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure; and
Whereas, the Developer is the owner and/or developer of certain undeveloped lands located within the boundaries of the District (hereinafter, “Development”), upon which infrastructure improvements have been or will be made; and

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

WHEREAS, the District is anticipated to be without sufficient funds available to provide for the construction of its anticipated public improvements and facilities within the Development, particularly Phase 8, which are described in Exhibit A including construction, material purchase, and any design, engineering, legal, or other construction, professional, or administrative costs (collectively, “Improvements”); and

Whereas, in order to induce the District to proceed at this time with the construction of the necessary or desired improvements, the Developer desires to provide the funds necessary to enable the District to proceed with such improvements if and when the District exhausts the funds on deposit in the construction account; and
Whereas, the District anticipates accessing the public bond market in the future to obtain financing for the construction of the Improvements, and the parties agree that, in the event that bonds are issued, the funds provided under this Agreement will be reimbursable from those bonds.

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

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

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

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

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

Enforcement of Agreement. In the event that either party is required to enforce this Agreement by court proceedings or otherwise, then the substantially prevailing party shall be entitled to recover all fees and costs incurred, including reasonable attorneys' fees and costs for trial, alternative dispute resolution, or appellate proceedings.
AGREEMENT. This Agreement shall constitute the final and complete expression of the agreement between the parties relating to the specific subject matter of this Agreement.
AMENDMENTS. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both of the parties hereto.

AUTHORIZATION. The execution of this Agreement has been duly authorized by the appropriate body or official of all parties hereto, each party has complied with all of the requirements of law, and each party has full power and authority to comply with the terms and provisions of this Agreement.
NOTICES. All notices, requests, consents and other communications hereunder ("Notices") shall be in writing and shall be delivered, mailed by First Class Mail, postage prepaid, or overnight delivery service, to the parties, as follows:

If to District:	VillaMar Community Development District
219 E. Livingston Street Orlando, Florida 32801 Attn: District Manager

With a copy to:	Kilinski ǀ Van Wyk PLLC
517 E. College Avenue Tallahassee, Florida 32301
Attn: VillaMar CDD, District Counsel
If to Developer:	VMar Dev, LLC
346 East Central Avenue Winter Haven, Florida 33880 Attn: Adam Rhinehart

Except as otherwise provided herein, any Notice shall be deemed received only upon actual delivery at the address set forth herein. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving Notice contained in this Agreement would otherwise expire on a non-business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the parties may deliver Notice on behalf of the party he/she represents. Any party or other person to whom Notices are to be sent or copied may notify the other parties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days’ written notice to the parties and addressees set forth herein.
Third-Party Beneficiaries. This Agreement is solely for the benefit of the formal parties herein and no right or cause of action shall accrue upon or by reason hereof, to or for the benefit of any third party not a formal party hereto. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the parties hereto any right, remedy or claim under or by reason of this Agreement or any provisions or conditions hereof; and all of the provisions, representations, covenants and conditions herein contained shall inure to the sole benefit of and shall be binding upon the parties hereto and their respective representatives, successors and assigns.

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

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

EFFECTIVE DATE. This Agreement shall be effective after execution by all parties hereto and shall remain in effect unless terminated by any of the parties hereto.
PUBLIC RECORDS. Developer understands and agrees that all documents of any kind provided to the District in connection with this Agreement may be public records, and, accordingly, Developer agrees to comply with all applicable provisions of Florida law in handling such records, including, but not limited, to Section 119.0701, Florida Statutes. Among other requirements and to the extent applicable by law, Developer shall 1) keep and maintain public records required by the District to perform the service; 2) upon request by the Public Records Custodian, hereinafter defined, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of this Agreement term and following this Agreement term, if Developer does not transfer the records to the Public Records Custodian of the District; and 4) upon completion of this Agreement, transfer to the District, at no cost, all public records in Developer’s possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws. When such public records are transferred by Developer, Developer shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats. Developer acknowledges that the designated Public Records Custodian for the District is Jill Burns.
IF THE DEVELOPER HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO ENGINEER’S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT C/O GOVERNMENTAL MANAGEMENT SERVICES – CENTRAL FLORIDA, LLC 219 EAST LIVINGSTON STREET, ORLANDO, FLORIDA	32801;	PHONE	(407)	841-5524; JBURNS@GMSCFL.COM.
COUNTERPARTS. This Agreement may be executed in one or more counterparts which, when taken together, shall constitute one and the same instrument.

Anti-Human Trafficking Requirements.. The Developer certifies, by acceptance of this Agreement, that neither it nor its principals utilize coercion for labor or services as defined in Section 787.06, Florida Statutes. The Developer agrees to execute an affidavit, in a form acceptable to the District, in compliance with Section 787.06(13), Florida Statutes.

In witness whereof, the parties execute this Agreement to be effective the day and year first written above.
VILLAMAR COMMUNITY DEVELOPMENT DISTRICT

Chairperson, Board of Supervisors

VMAR DEV, LLC, a Florida limited liability company

By: Adam Rhinehart Its: Manager

Exhibit A:	Amendment to the Amended and Restated Engineer’s Report for Capital Improvements,
dated May 2, 2023

VILLAMAR
COMMUNITY DEVELOPMENT DISTRICT

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

PREPARED FOR: BOARD OF SUPERVISORS
VILLAMAR
COMMUNITY DEVELOPMENT DISTRICT

PREPARED BY:

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

May 2, 2023

VILLAMAR
COMMUNITY DEVELOPMENT DISTRICT

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

VILLAMAR CDD
AMENDED AND RESTATED ENGINEER’S REPORT

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Composite Exhibit 8
Villamar Community Development District Summary of Probable Cost

Assessment Area	1	2	3	4	5	6	7		
Development Phase	1 & 2	3	4	5	6	6D	7	8		
Number of Lots(10)	334	281	140	200	443	391	211	2000	
District Phase	 Phase 1 
 2019‐2020	 Phase 2
 2020‐2022	 Phase 3
 2021‐2023	 Phase 4
 2022‐2024	Phase 5	Phase 6	Phase 7A	Phase 7B	 Phase 8
 2024‐2025	Total	
					 2023‐2024 	 2023‐2024			
Infrastructure (1)(9)(11)									
Offsite Improvements (5)(6)	$	340,000.00	$	310,000.00	$	455,000.00	$	1,050,000.00	$	1,653,000.00	$	510,000.00	$	380,000.00	$	4,698,000.00	
Stormwater Management (2)(3)(5)(6)	$	4,170,000.00	$	3,767,500.00	$	925,000.00	$	1,300,000.00	$	4,426,912.15	$	3,907,274.60	$	2,108,529.26	$	20,605,216.01	
Utilities (Water, Sewer, Reclaimed & Street Lighting) (5)(6)(8)	
$	2,000,000.00	
$	1,866,000.00	
$	1,190,000.00	
$	1,700,000.00	
$	5,712,890.75	
$	5,042,303.12	
$	2,721,038.26	
$	20,232,232.12	
Roadways (4)(5)(6)	$	1,500,000.00	$	1,204,000.00	$	625,000.00	$	890,000.00	$	2,125,434.75	$	1,875,948.05	$	1,012,340.25	$	9,232,723.05	
Entry Feature, Signage, Landscape &
Irrigation(6)(7)	$	105,000.00	$	95,000.00	$	50,000.00	$	90,000.00	$	650,000.00	$	670,000.00	$	540,000.00	$	2,200,000.00	
Parks and Recreation Facilities (1)(6)	$	420,000.00	$	380,000.00	$	190,000.00	$	280,000.00	$	150,000.00	$	1,350,000.00	$	200,000.00	$	2,970,000.00	
Contingency	$	420,000.00	$	360,000.00	$	340,000.00	$	539,000.00	$	1,471,823.76	$	1,335,552.58	$	696,190.78	$	5,162,567.12	
TOTAL	$	8,955,000.00	$	7,982,500.00	$	3,775,000.00	$	5,849,000.00	$	16,190,061.41	$	14,691,078.35	$	7,658,098.55	$	65,100,738.30	

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

0

Scale: 1" = 300'

LOT SUMMARY - CDD PHASES 1 - 7

PROPOSED CUNNINGHAM RD.

(W) (W)

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

(FM)	(FM)

DISTRICT PHASES
PHASE 1	(50' x 110') =	322
*(PH 1 & 2)	(70' x 200') =	12	(LAKEFRONT)
**(PH 1)	Total	334
PHASE 2	(50' X 110') =	97
*(PH 3)	(40' x 115') =	184
**(PH 2)	Total	281
PHASE 3	(50' x 110') =	93
*(PH 4)	(40' x 110') =	21
**(PH 3)	(50' x 120') =	26
Total	140
PHASE 4	(50' x 110') =	62
*(PH 5)	(40' x 110') =	138
**(PH 4)	Total	200

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

(FM)

(FM)

PHASE 5 & (50' x 110') =	194
PHASE 6	(40' x 110') =	202
*(PH 6)	Total	396
*(PH 6D)	(50' x 110') =	11
(40' x 110') =	36

8

**(PH 5)	Total	47

100+00.00

101+00

102+00

103+00	104+00

106+00	107+00

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

110+00

>  >  >  >
111+64.29

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

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

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

RW  RW

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

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

*(PH 7)	Total	391

RW  RW

RW	RW  RW  RW  RW

RW

RW  RW  RW  RW  RW  RW

RW  RW	RW  RW  RW  RW

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

>

12+00

11+00	10+00.00

RW  RW

RW

505+38.78

(FM)(FM)

>	>  >  >  >  >  >  >  >

**(PH 6)

>  >  >

RW	RW

RW

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

RW  RW  RW  RW

RW  RW

RW  RW  RW  RW	RW

RW  RW

202+34.25  203+00

204+00

206+00	207+00	208+00

210+00

210+54.25

502+78.78

115+86.57
116+00

RW

RW  RW  RW

117+00	118+00  118+49.90

RW

PHASE 8	(50' x 110') =	149

120+45.15

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

30'

501+00

121+21.10 121+00

30'

D

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

(FM)

(FM)

(FM)

>

>

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

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

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

30'

30'

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

(FM)

>  > RW >  > RW  RW
RW

> RW

>  > RW > RW > RW

115+31.02

116+00	117+00

117+62.17 118+00

118+63.21

(FM)

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

>   RW>  > RW  RW  RW

RW

RW

RW  RW  RW  RW  RW  RW

107+00

108+00

RW  RW

109+00	110+00	111+00

112+00

113+00 113+31.21

115+48.29

119+00	120+00

121+00

122+00	123+00

123+58.38 124+00

124+58.58

100+21.32

101+00

>  >  >

102+00 102+40.98

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

>  >  >  >  >  >

>

RW  RW

600+80.91

30'

>  >  >  >	>

>  >  >  >	>  >  >  >

>  >  >  >  >  >  >

(FM)
(FM)

(FM)  (FM)

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

RW	RW  RW  RW

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

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

((SSSS)) ((SSSS)) ((SSSS)) ((SSSS)) ((SSSS))

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

RW  RW  RW  RW   RW  RW

((SSSS)) ((SSSS)) ((SSSS)) ((SSSS))

((SSSS)) ((SSSS)) ((SSSS)) ((SSSS)) ((SSSS))

((SSSS))

((SSSS))

((SSSS))

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

((SSSS)) ((SSSS)) ((SSSS)) ((SSSS))

((SSSS)) ((SSSS)) ((SSSS)) ((SSSS)) ((SSSS)) ((SSSS)) ((SSSS))

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

416+00

416+87.80

RW  RW  RW  RW  RW

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

602+00

426+25.18

422+00

RW  RW  RW  RW  RW  RW

RW  RW  RW  RW

PHASE 1- 7 TOTAL LOTS = 2,000

((SSSS)) ((SSSS))

((SSSS)) ((SSSS)) ((SSSS)) ((SSSS)) ((SSSS)) ((SSSS)) ((SSSS)) ((SSSS)) ((SSSS)) ((SSSS))

((SSSS)) ((SSSS))

>  >

<  <  <  <  <  <

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

(FM)

414+00

RW

603+87.67

603+00

(SS)(SS)

608+00

607+00

RW  RW  RW

606+00

605+00

614+19.30
614+00

613+00

612+00

611+00

610+00

609+00

604+81.92

* DEVELOPMENT PHASE

RW  RW  RW  RW

RW

RW  RW  RW  RW

RW  RW

<

<  <  <

RW

**ASSESSMENT AREA

<

<

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

TOTAL LOTS

(W)(W)

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

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

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

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

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

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

PHASE LINE

WWWW WWWW WWWW WWWW

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

(FM)(FM)

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

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

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

(FM)(FM)

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

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

(FM)(FM)

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

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

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

Section VIII

Prepared By and Return To

Roy Van Wyk, Esq. Kilinski | Van Wyk PLLC 517 East College Avenue Tallahassee, Florida 32301
TEMPORARY CONSTRUCTION AND ACCESS EASEMENT AGREEMENT VILLAMAR
(PHASE 8 PROJECT IMPROVEMENTS)

This	Temporary	Construction	and	Access	Easement	Agreement
(“Agreement”) is made and entered as of this 28th day of May 2025, by and between VMAR DEV LLC, a Florida limited liability company, whose mailing address is 346 East Central Avenue, Winter Haven, Florida 33880 (“Grantor”) in favor of VILLAMAR COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, whose address is c/o Governmental Management Services – Central Florida, LLC, 219 East Livingston Street, Orlando, Florida 32801 (“Grantee” or the “District”) (Grantor and Grantee are sometimes together referred to herein as the “Parties”, and separately as the “Party”).

WITNESSETH :

WHEREAS, Grantor is the owner in fee simple of real property located in Polk County, Florida being more particularly described in Exhibit “A” attached hereto, and by this reference incorporated herein (collectively, the “Easement Area”); and

WHEREAS, Grantee intends to complete within the Easement Area, the design, installation and construction of infrastructure improvements, including stormwater management, utilities, onsite roadway improvements, offsite utilities, and other such improvements as authorized by law (collectively, the “Improvements”); and
Whereas, Grantor desires to grant to Grantee a temporary, non-exclusive construction and access easement on, upon, over, under, across, and through the Easement Area for the sole purpose of constructing the Improvements, until either construction of the Improvements is completed, the Grantee acquires the Easement Area, or a plat is recorded which encompasses the Easement Area, whichever occurs first.

Now, therefore, for and in consideration of Ten and No/100 Dollars ($10.00) in hand paid by the Grantee to the Grantor, the mutual covenants and agreements herein set forth and other good and valuable consideration, the receipt, adequacy and sufficiency of which are hereby expressly acknowledged by the Parties, the Parties do hereby agree as follows:

Recitals. The foregoing recitals are true and correct and are incorporated herein by this reference.
Temporary Construction Easement. Grantor does hereby grant, bargain, sell and convey to Grantee a temporary, non-exclusive easement on, upon, over, under, across and

through the Easement Area for access, ingress, egress and to allow Grantee to complete the design, construction and installation of the Improvements (collectively, the “Easement”).
Term of Easement. Upon the earlier of (i) the completion of all Improvements and the acceptance of such by the District’s Board of Supervisors, or (ii) recordation of a release of the Easement in the Public Records of Polk County, Florida, or (iii) upon recordation of a plat including the Easement Area, then this Agreement shall automatically terminate and be extinguished and all rights in the Easement granted by this Agreement shall immediately revert to the Grantor, its successors, transferees and assigns, without further action of the Grantor or Grantee being required with respect to such Easement Area. Upon termination of this Agreement, as provided herein, and upon request by Grantor, Grantee shall promptly execute and deliver to Grantor a document in recordable form confirming termination of this Agreement and the Easement granted herein. Should the Grantee acquire the Easement Area from the Grantor prior to the occurrence of events (i), (ii) and (iii) enumerated herein, this Agreement shall automatically terminate and be extinguished and all rights in the Easement granted by this Agreement shall immediately vest in the Grantee, its successors, transferees and assigns, without further action of the Grantor or Grantee being required with respect to such Easement Area.
Insurance and Indemnity. Grantee and/or any contractors performing work for Grantee on the Easement Area, shall at all times maintain general public liability insurance to afford protection against any and all claims for personal injury, death or property damage arising directly or indirectly out of the exercise of the rights and privileges granted. Said insurance maintained by any contractors performing work for Grantee on the Easement Area shall be issued by solvent, reputable insurance companies authorized to do business in the State of Florida, naming Grantee and Grantor as insured, as their interests may appear, in a combined-single limit of not less than $1,000,000.00 with respect to bodily injury or death and property damage. Said insurance shall also be primary, and not contributory, as to any insurance coverage maintained by Grantor. To the extent permitted by law and without waiving any of the protections afforded by Section 768.28, Florida Statutes, Grantee hereby agrees to indemnify and hold harmless Grantor from and against any and all liability arising out of Grantee’s construction activities within the Easement Area.
Obligations of Grantor and Grantee. The Parties acknowledge and agree that any rights granted hereunder shall be exercised by the Parties only in accordance and compliance with any and all applicable laws, ordinances, rules, regulations, permits and approvals, and any future modifications or amendments thereto. The Parties covenant and agree that neither Party shall discharge into or within the Easement Area, any hazardous or toxic materials or substances, any pollutants, or any other substances or materials prohibited or regulated under any federal, state or local law, ordinance, rule, regulations or permit, except in accordance with such laws, ordinances, rules, regulations and permits. To the extent permitted by law and without waiving any of the protections afforded by Section 768.28, Florida Statutes, each Party hereby agrees to indemnify and hold harmless the other Party from and against any and all liability arising out of such Party’s breach of any provision of this Agreement, including, without limitation, the matters set forth in this paragraph.
Beneficiaries of Easement Rights. The Easement set forth in this Agreement shall be for the sole benefit and use of Grantee, its successors and assigns, and Grantee’s agents,

employees, consultants, representatives, contractors and providers of emergency services and utility services.
Amendments and Waivers. This Agreement may not be terminated or amended, modified, altered, or changed in any respect whatsoever, except by a further agreement in writing duly executed by the Parties and recorded in the Public Records of Polk County, Florida, except as provided in Section 3 of this Agreement. No delay or omission of any Party in the exercise of any right accruing upon any default of any Party shall impair such right or be construed to be a waiver thereof, and every such right may be exercised at any time during the continuance of such default. A waiver by any Party of a breach of, or a default in, any of the terms and conditions of this Agreement by any other Party shall not be construed to be a waiver of any subsequent breach of or default in the same or any other provision of this Agreement. No breach of the provisions of this Agreement shall entitle any Party to cancel, rescind or otherwise terminate this Agreement, but such limitation shall not affect, in any manner, any other rights or remedies which any Party may have by reason of any breach of the provisions of this Agreement.
Notices. Any notices which may be permitted or required hereunder shall be in writing and shall be deemed to have been duly given (i) three (3) days after depositing with the United States Postal Service, postage prepaid, (ii) one day after depositing with a nationally recognized overnight courier service, or (iii) on the day of hand delivery (provided such delivery occurs prior to 5:00 pm, E.S.T. or E.D.T., as applicable), to the address listed above or to such other address as either Party may from time to time designate by written notice in accordance with this paragraph.
Use of Easement Area. It is acknowledged and agreed that the Easement granted under this Agreement is not an exclusive easement and that Grantor shall have the right to use and enjoy the Easement Area in any manner not inconsistent with the easement rights created herein, and grant others the right to do so.
LIENS. Grantee shall not permit (and shall promptly satisfy or bond) any construction, mechanic’s lien or encumbrance against the Easement Area in connection with the exercise of rights hereunder.
Effective Date. The Effective Date of the Agreement shall be the last day that this Agreement is signed by either Party.
Miscellaneous. This Agreement contains the entire understanding of the Parties with respect to the matters set forth herein and no other agreement, oral or written, not set forth herein, nor any course of dealings of the Parties, shall be deemed to alter or affect the terms and conditions set forth herein. If any provision of this Agreement, or portion thereof, or the application thereof to any person or circumstances, shall, to the extent be held invalid, inoperative or unenforceable, the remainder of this Agreement, or the application of such provision or portion thereof to any other persons or circumstances, shall not be affected thereby; it shall not be deemed that any such invalid provision affects the consideration for this Agreement; and each provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law. This Agreement shall be construed in accordance with the laws of the State of Florida. Venue for any proceeding brought hereunder shall be Polk County, Florida. In the event of any dispute hereunder

or of any action to interpret or enforce this Agreement, any provision hereof or any matter arising herefrom, the predominantly prevailing party shall be entitled to recover its reasonable attorneys’ fees, costs and expenses, whether suit be brought or not, and whether in settlement, in any declaratory action, at trial or on appeal. The section headings in this Agreement are for convenience only, shall in no way define or limit the scope or content of this Agreement, and shall not be considered in any construction or interpretation of this Agreement or any part hereof. Where the sense of this Agreement requires, any reference to a term in the singular shall be deemed to include the plural of said term, and any reference to a term in the plural shall be deemed to include the singular of said term. Nothing in this Agreement shall be construed to make the Parties hereto partners or joint venturers or render either of said Parties liable for the debts or obligations of the other. This Agreement may be executed in counterparts, each of which shall constitute an original, but all taken together shall constitute one and the same Agreement. Time is of the essence of this Agreement. This Agreement shall be binding upon and inure to the benefit of Grantor and Grantee and their respective successors and assigns. The rights, privileges and Easement granted and conveyed hereunder shall be a burden upon the Easement Area and shall exist for the benefit of and run with title to the Easement Area.

[Signatures contained on following pages]

In witness whereof, the Parties have caused this Agreement to be executed as of the day and year first written above.

“GRANTOR”
Signed, sealed and delivered	VMAR DEV, LLC, a Florida
in the presence of:	limited liability company

Print Name:			By: Adam Rhinehart Address: 			Its: Manager

Print Name:	  Address: 	

STATE OF FLORIDA COUNTY OF 	

The foregoing instrument was acknowledged before me ▢ physical presence or ▢ online notarization this    day of 	, 2025, by Adam Rhinehart, as Manager of VMar Dev, LLC, on behalf of the company.

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

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“GRANTEE”

VILLAMAR COMMUNITY
DEVELOPMENT DISTRICT, a local unit of special-purpose government established
Signed, sealed and delivered	pursuant to Chapter 190, Florida Statutes in the presence of:

Print Name: 		Lauren Schwenk,
Address: 		Chairperson, Board of Supervisors

Print Name:	  Address: 	

STATE OF FLORIDA COUNTY OF 	

The foregoing instrument was acknowledged before me ▢ physical presence or ▢ online notarization this    day of 	 2025, by Lauren Schwenk, as Chairperson of the Board of Supervisors of the VillaMar Community Development District.

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

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EXHIBIT A LEGAL DESCRIPTION

VILLAMAR PHASE 8
LEGAL DESCRIPTION (PER SURVEY)

A parcel of land being a por0on of the West 1/2 of Sec0on 14, Township 29 South, Range 26 East, Polk County, Florida being described as follows:
Commence at the northeast corner of VILLAMAR PHASE 5, recorded in Plat Book 194, Pages 46-51, Public Records of Polk County, Florida; thence North 00°11'49” West, along the west lines of TERRANOVA PHASE III, recorded in Plat Book 124, Pages 23-27, and TERRANOVA PHASE IV, as recorded in Plat Book 130, Pages 6-7, Public Records of Polk County, Florida, a distance of 1,253.14 feet to the Point of Beginning, said point being the northeast corner of the plat of Villamar Phase 6 and 6D, as recorded in Plat Book 203, Pages 7- 17, Public Records of Polk County, Florida; thence along the northerly line of said Villamar Phase 6 and 6D for the following thirteen (13) courses; (1) thence South 89°32'19" West, 121.31 feet to a point on a non- tangent curve to the right, having a radius of 2683.00 feet, central angle of 04°26'41", chord bearing of South 58°46'42" West, and a chord distance of 208.08 feet; (2) thence Southwesterly along the arc of said curve, a distance of 208.13 feet; (3) thence North 28°59'57" West, 150.00 feet to a point on a non-tangent curve to the right, having a radius of 2533.00 feet, central angle of 00°03'40", chord bearing of South 61°01'53" West, and a chord distance of 2.70 feet; (4) thence Southwesterly along the arc of said curve, a distance of 2.70 feet; (5) thence North 28°56'17" West, 110.00 feet to a point on a non-tangent curve to the right, having a radius of 2423.00 feet, central angle of 05°48'17", chord bearing of South 63°57'51" West, and a chord distance of 245.38 feet; (6) thence Southwesterly along the arc of said curve, a distance of 245.48 feet; (7) thence South 00°21'01" East, 53.45 feet; (8) thence South 89°38'59" West, 150.01 feet;
(9) thence South 00°21'01" East, 100.00 feet; (10) thence South 89°38'59" West, 200.45 feet to a point on a non-tangent curve to the lea, having a radius of 2540.00 feet, central angle of 06°00'23", chord bearing of North 10°34'20" West, and a chord distance of 266.15 feet; (11) thence Northerly along the arc of said curve, a distance of 266.27 feet to the point of tangency; (12) thence North 13°34'32" West, 25.59 feet to the point of curvature of a curve to the right having a radius of 25.00 feet, a central angle of 84°54'55", a chord bearing of North 28°52'56" East, and a chord distance of 33.75 feet; (13) thence Northeasterly along the arc of said curve 37.05 feet to a point on a non-tangent curve to the lea, having a radius of 2,143.00 feet, central angle of 34°49'53", chord bearing of North 57°19'48" East, and chord distance of 1,282.81 feet, said point being on the southerly right-of-way of Thompson Nursery Road as recorded in Oﬃcial Records Book 12411, Page 797, Public Records of Polk County, Florida; thence along said southerly right- of-way for the following two (2) courses; (1) thence Northeasterly along the arc of said curve, a distance of 1,302.78 feet to the point of tangency; (2) thence North 39°54'51" East, 759.49 feet to the southerly line of a parcel recorded in Oﬃcial Records Book 12946, Page 1900, Public Records of Polk County, Florida; thence along said southerly line for the following seven (7) courses; (1) thence South 50°06'43” East, 99.80 feet; (2) thence North 39°53'17" East, 312.48 feet; (3) thence South 86°47'23" East, 136.54 feet; (4) thence
North 51°22'06" East, 19.55 feet; (5) thence North 60°43'43” East, 157.77 feet; (6) thence North 47°19'28”

East, 159.98 feet; (7) thence North 76°50'26” East, 109.44 feet to the east line of the Southeast 1/4 of the Northwest 1/4 of said Sec0on 14; thence South 00°05'44" East, along said east line and the east line of the Northeast 1/4 of the Southwest 1/4 of said Sec0on 14, a distance of 1825.68 feet to the intersec0on with the north line of aforesaid TERRANOVA PHASE III, as recorded in Plat Book 124, Pages 23-27, Public Records of Polk County, Florida; thence South 89°34'39" West, along said north line, 1,324.55 feet to the northwest corner of said TERRANOVA PHASE III; thence South 00°11'49" East along the west line of said TERRANOVA PHASE III, a distance of 0.44 feet to the Point of Beginning. Said parcel containing 53.93 acres, more or less.

Section IX

Docusign Envelope ID: D0FED8DC-A7C6-4943-A528-3CFE3DDDA81B

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

Docusign Envelope ID: D0FED8DC-A7C6-4943-A528-3CFE3DDDA81B

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.

Docusign Envelope ID: D0FED8DC-A7C6-4943-A528-3CFE3DDDA81B

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 fo1ih above.
District: Villamar Community Development District

Assignor: Wood & Associates Engineering,
LLC

lts: 		.,_P.,.a...•.,.._.c;....,,L>,o«-=e""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 X

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	

Prepared by AMTEC	(Finance 8.901) Page 1

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	

Prepared by AMTEC	(Finance 8.901) Page 2

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	

Prepared by AMTEC	(Finance 8.901) Page 3

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	

Prepared by AMTEC	(Finance 8.901) Page 4

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	

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

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%	

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

	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%	

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

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%	

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

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%	

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

	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 XI

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';�15>r the purpose of acquiring the Property and specifically consent to such reliance by t� f)is/ict:-11-J/

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

Name: ...,... . ,-c,	4.

v 	1� 	,..,-�.	,

Personally Know�_.L)_(  	 _

j�

Notary PubUc s"t111 or Florfda

Llndaey E Roden
1111	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 Jien 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 /�ND SUBSCRIBED before me by means of� physical presence or D online notarization this �'day of April 2025 by Adam Rhinehart, as M3()jger ofVMAR DEV, LLC,
a Florida limited liability company, on behalf of company, and who � is personally known to me or LJ produced 	 as identification.

Name:  _...,, -,-,- -, _..... ,-	,.. \,A( ,

[notary seal]

Personall_		 OR Produced Ident1t1cat1on 	_
Type of Identification 	_

).L

Notary Publlc s·1111 or Florida

Lindsey E Roden

•

Ill	My Co�mlHlon HH SOUH

Exp1ret 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; 26-29-15-688506-003980;
26-29-I 5-688506-003990; 26-29-15-688506-004000

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 terms "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

A<1am Knmenan, Manager Address:

�

346 E. Central Avenue Winter Haven, FL 33880

SWORN.,Ti9 AND SUBSCRIBED before me by means of �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.

	

[notary seal]	I

OR Produced Identificaiion		_ Type of Identification 	_

�:�;�aii�;

=x -

HY�---V  �

1111

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

l�	

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:

VILLAMAR COMMUNITY DEVELOPMENT

�� 

DISTRICT, a local unit of special-purpose government established under Chapter 190 of the Florida.-5tatutes

Name: =:1 - , �, ...... _,. � 1	• -	- � ,

-

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

346 E. Central Avenue Winter Haven, Florida 33880

STATE OF FLORIDA COUNTY OF POLK

Address:
219 E. Livingston Street Orlando, Florida 32801

The foregoing ipfJ:!Lment was acknowledged before me by means of� physical presence or 0 online notarization this '1'1 "'clay of April 2025, by Lauren 0. Schwenk, as Chairman of the Board of Supervisors of the VillaMar Community Development District.

(notary seal]

£�� ------

Name:  uI'ilWkf

en

tary fu&�!e1
\;:' t-{,XJ 	
Personally Know-;-t  X:�----------- 
OR Produced Identification 	_

Notary Public Stale or Florida
l.lndsey E Roden
My Commission HH 303599
�	Expires 812212026

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 XII

Section C

Item will be provided under separate cover.

Section D

Section 1

SECTION (a)

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

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	
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	

DATE		DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS			AMOUNT	#	
3/18/25	00008	12/05/23	LS120520 202312 310-51300-11000	*	200.00			

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....

REFUND CORE&MAIN FUND36

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 (b)

VillaMar
COMMUNITY DEVELOPMENT DISTRICT

Check Register
Fiscal Year 2025

Date	check #'s	Amount	

April 2025	

Truist Bank

Check# 880 - 899	

$242,826.17	
	TOTAL	$242,826.17	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/21/25	PAGE	1
*** CHECK DATES 04/01/2025 - 04/30/2025 ***	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	#
4/03/25 00074	3/19/25 REFUND-C 202503 300-20700-10000	V	35,976.79- REFUND CORE&MAIN FUND36
VILLAMAR CDD C/O US BANK	35,976.79-000875
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/03/25 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 000880
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/11/25 00023	3/20/25 7705-03- 202503 310-51300-31200	*	450.00
ARBITRAGE - SERIES 2024
AMTEC	450.00 000881
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/11/25 00034	3/26/25 14658	202503 330-53800-48500	*	450.00
MAR 25 - JANITORIAL SVCS
3/26/25 14658	202503 330-53800-48500	*	300.00
MAR 25 - TRASH COLLECT
3/26/25 14658	202503 330-53800-48500	*	100.00
MAR 25 - MAIL TRASH COLL.
CSS CLEAN STAR SERVICES CENTRAL FL	850.00 000882
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/11/25 00018	1/22/25 15	202502 310-51300-31300	*	250.00

DISCLOSURE	SERVICES LLC	250.00	000883	
- - - - - - - -	- - - - - - -	-	-	- - - - - - - - - - - - - - -	- - - - - - -	-	-	-	-	-	-	-	- -	-	-	-	-	-	-	- - - -	-	- - - -	- - -	
321	202502 320-53800-47400	*	2,580.06	
FEB	25	- GENERAL MAINT.	
323	202504 310-51300-34000	*	3,718.75	
APR	25	- MGMT FEES	
323
APR	25	202504 310-51300-35200	*	105.00	
323	202504 310-51300-35100	*	157.50	
APR	25	- INFORMATION TECH	
323	202504 310-51300-31300	*	833.33	
APR	25	- DISSEMINATION	
323	202504 330-57200-12000	*	625.00	
APR	25	- AMENITY ACCESS	
323	202504 310-51300-51000	*	3.19	
APR	25	- OFFICE SUPPLIES	
323	202504 310-51300-42500	*	98.51	
APR	25	- POSTAGE	
324	202504 320-53800-12000	*	1,875.00	
APR	25	- FIELD MANAGEMENT	

4/11/25 00009	2/28/25	
	4/01/25	
	4/01/25	
	4/01/25	
	4/01/25	
	4/01/25	
	4/01/25	
	4/01/25	
	4/01/25	

AMORT SCHD S2023 AA5 PPM

- WEBSITE ADMIN

GOVERNMENTAL MANAGEMENT SERVICES -	9,996.34 000884
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/11/25 00060	4/01/25 27331	202504 310-51300-32200	*	1,000.00
AUDIT FYE 9/30/2024
GRAU AND ASSOCIATES	1,000.00 000885
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
VMCD VILLAMAR CDD	SNEEROOA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/21/25	PAGE	2
*** CHECK DATES 04/01/2025 - 04/30/2025 ***	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	#
4/11/25 00039	3/18/25 11723	202502 310-51300-31500	*	1,110.00
GENERAL COUNSEL - FEB 25
KILINSKI / VAN WYK, PLLC	1,110.00 000886
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/11/25 00015	3/19/25 16911	202503 320-53800-47300	*	224.26
IRRIG.REP-MAINLINE ZONE25
3/19/25 16912	202503 320-53800-47300	*	1,500.00
IRRIG.REP.CHNG 50 NOZZLES
3/19/25 16913	202503 320-53800-47300	*	514.17
IRRIG.REP.MAINLINE ZN#4&7
3/25/25 16951	202503 320-53800-47300	*	166.94
IRRIG.REPL.SPRAYS&BUBBLER
4/01/25 17146	202504 320-53800-46200	*	12,415.00
APR 25 - LANDSCAPE MAINT.
PRINCE & SONS INC.	14,820.37 000887
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/11/25 00045	4/01/25 27001	202504 330-53800-48100	*	2,870.00
POOL MAINTENANCE - APR 25
RESORT POOL SERVICES DBA	2,870.00 000888
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/11/25 00049	3/31/25 12107468 202503 320-53800-34500	*	4,735.44
MAR 25 -SECURITY SERVICES
SECURITAS SECURITY SERVICES USA,INC	4,735.44 000889
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/11/25 00041	4/01/25 PSI15470 202504 320-53800-47000	*	1,082.00 LAKE MAINTENANCE - MAR 25
4/01/25 PSI15470 202504 320-53800-47000	*	856.00
POND MAINTENANCE - MAR 25
SOLITUDE LAKE MANAGEMENT SERVICES	1,938.00 000890
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/11/25 00071	4/11/25 SURPLUS	202504 300-15100-10000	*	150,000.00 TXFR SURPLUS TO SBA
STATE BOARD OF ADMINISTRATION	150,000.00 000891
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/11/25 00114	4/11/25 TAX REC	202504 300-20700-10000	*	12,214.37 TAX RECEIPTS TSFR
VILLAMAR CDD C/O USBANK	12,214.37 000892
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/11/25 00115	4/11/25 TAX REC	202504 300-20700-10000	*	11,164.30 TAX RECEIPTS TSFR
VILLAMAR CDD C/O USBANK	11,164.30 000893
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/11/25 00116	4/11/25 TAX REC	202504 300-20700-10000	*	4,202.10 TAX RECEIPTS TSFR
VILLAMAR CDD C/O USBANK	4,202.10 000894
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
VMCD VILLAMAR CDD	SNEEROOA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/21/25	PAGE	3
*** CHECK DATES 04/01/2025 - 04/30/2025 ***	VILLAMAR CDD - GENERAL FUND

CHECK	VEND# DATE	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS		AMOUNT	....CHECK..... AMOUNT	#	
4/11/25 00117	4/11/25 TAX REC	202504 300-20700-10000	*
VILLAMAR CDD C/O USBANK		7,557.59	
7,557.59 000895	
- - - - - - - - 4/11/25 00118	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/11/25 TAX REC	202504 300-20700-10000	*
VILLAMAR CDD C/O USBANK	- - - -	- - - - - -	- - - - - - - -

16,278.41 000896	
- - - - - - - - 4/24/25 00018	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/15/25 16	202504 310-51300-49000	*
DISCLOSURE SERVICES LLC	- - - -	- - - - - -	- - - - - - - -

250.00 000897	
- - - - - - - - 4/24/25 00049	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/31/25 12042592 202501 320-53800-34500	*
SECURITAS SECURITY SERVICES USA,INC	- - - -	- - - - - -	- - - - - - - -

664.32 000898	
- - - - - - - - 4/24/25 00027	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/24/25 MAY25PLA 202505 330-53800-48600	*
4/24/25 MAY25POO 202505 330-53800-48600	*	- - - -	- - - - - -

1,396.07	- - - - - - - -	
	MAY 25 - POOL FURN. LEASE
WHFS, LLC			2,474.93 000899	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - -	- - - - - -	- - - - - - - -	
	TOTAL FOR BANK A		242,826.17		
	TOTAL FOR REGISTER		242,826.17		

BANK A VILLAMAR CDD

TAX RECEIPTS TSFR

TAX RECEIPTS TSFR

16,278.41

AMRT SCH.S23AA5 PPM5/1$80

250.00

SECURITY SERVICES - JAN25

664.32

MAY 25 - PLAYG.FURN LEASE

1,078.86

VMCD VILLAMAR CDD	SNEEROOA

Section 2

VillaMar	
Community Development District	

Unaudited Financial Reporting	
April 30, 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	
April 30, 2025	
General	Debt Service	Capital Projects	Totals	
Fund	Fund	Fund	Governmental Funds	

Assets:	
Cash:	
Operating Account	$	123,870	$	-	$	-	$	123,870	
Capital Projects Account	-	-	125,030	125,030	
Investments:	
State Board Administration (SBA)	654,449	-	-	654,449	
Series 2019	
Reserve	-	206,945	-	206,945	
Revenue	-	455,616	-	455,616	
Prepayment	-	1,697	-	1,697	
Series 2020	
Reserve	-	184,450	-	184,450	
Revenue	-	421,220	-	421,220	
Prepayment	-	1	-	1	
Series 2022 A3	
Reserve	-	69,338	-	69,338	
Revenue	-	177,697	-	177,697	
Prepayment	-	424	-	424	
Construction	-	-	9	9	
Series 2022 A4	
Reserve	-	123,926	-	123,926	
Revenue	-	288,394	-	288,394	
Series 2023 A5	
Reserve	-	267,475	-	267,475	
Revenue	-	585,336	-	585,336	
Prepayment	-	109,902	-	109,902	
Series 2024 A6	
Reserve	-	603,000	-	603,000	
Revenue	-	406,803	-	406,803	
Interest	-	114	-	114	
Construction	-	-	25,276	25,276	
Due from Developer Series 2024 A6	-	-	41,915	41,915	
Deposits	6,327	-	-	6,327	
Total Assets	$	784,646	$	3,902,339	$	192,230	$	4,879,215	
Liabilities:	
Accounts Payable	$	26,949	$	-	$	123,536	$	150,485	
Due to Developer Series 2019	-	-	1,000	1,000	
Due to Developer Series 2024 A6	-	-	41,915	41,916	
Total Liabilites	$	26,949	$	-	$	166,451	$	193,401	
Fund Balance:	
Nonspendable:	
Prepaid Items	$	6,327	$	-	$	-	$	6,327	
Restricted for:	
Debt Service - Series 2019	-	664,259	-	664,259	
Debt Service - Series 2020	-	605,671	-	605,671	
Debt Service - Series 2022 A3	-	247,458	-	247,458	
Debt Service - Series 2022 A4	-	412,320	-	412,320	
Debt Service - Series 2023 A5	-	962,714	-	962,714	
Debt Service - Series 2024 A6	-	1,009,917	-	1,009,917	
Capital Projects - Series 2019	-	-	494	494	
Capital Projects - Series 2022 A3	-	-	9	9	
Capital Projects - Series 2024 A6	-	-	25,276	25,276	
Assigned for:	
Capital Reserves	169,845	-	-	169,845	
Unassigned	581,524	-	-	581,524	
Total Fund Balances	$	757,696	$	3,902,339	$	25,779	$	4,685,814	
	
Total Liabilities & Fund Balance	$	784,646	$	3,902,339	$	192,230	$	4,879,215	

VillaMar	
Community Development District	
General Fund	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending April 30, 2025	

Adopted	Prorated Budget	Actual		
Budget	Thru 04/30/25	Thru 04/30/25	Variance	

Revenues:					
Assessments - Tax Roll	$	984,004	$	984,004	$	980,623	$	(3,381)	
Assessments - Direct Bill	71,847	53,883	53,883	-	
Interest Income	-	-	4,449	4,449	
Miscellaneous Revenue	-	-	4,168	4,168	

Total Revenues	$	1,055,851	$	1,037,887	$	1,043,123	$	5,236	
Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	7,000	$	1,600	$	5,400	
Engineering	7,500	4,375	-	4,375	
Attorney	30,000	17,500	8,023	9,477	
Annual Audit	5,600	5,600	1,000	4,600	
Assessment Administration	10,000	10,000	10,000	-	
Bond Amortization Filing	-	-	3,500	(3,500)	
Arbitrage	2,700	900	900	-	
Dissemination	10,000	5,833	5,833	0	
Trustee Fees	29,800	15,301	15,301	-	
Management Fees	44,625	26,031	26,031	-	
Information Technology	1,890	1,103	1,103	-	
Website Maintenance	1,260	735	735	-	
Postage & Delivery	3,500	2,042	518	1,523	
Insurance	6,886	6,886	6,408	478	
Printing & Binding	500	292	181	110	
Legal Advertising	10,000	5,833	-	5,833	
Other Current Charges	1,500	875	366	509	
Office Supplies	500	292	8	284	
Dues, Licenses & Subscriptions	175	175	175	-	
Total General & Administrative	$	178,436	$	110,772	$	81,681	$	29,091	

VillaMar	
Community Development District	
General Fund	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending April 30, 2025	

Adopted	Prorated Budget	Actual		
Budget	Thru 04/30/25	Thru 04/30/25	Variance	

Operations & Maintenance					
Field Expenditures					
Property Insurance	$	18,854	$	18,854	$	14,133	$	4,721	
Field Management	22,500	13,125	13,125	-	
Landscape Maintenance	226,000	131,833	86,905	44,928	
Landscape Replacement	22,500	13,125	2,414	10,712	
Pond Maintenance	32,000	18,667	13,566	5,101	
Streetlights	166,320	97,020	97,901	(881)	
Electric	3,000	1,750	2,089	(339)	
Water & Sewer	30,000	17,500	22,007	(4,507)	
Sidewalk & Asphalt Maintenance	2,500	1,458	4,284	(2,826)	
Irrigation Repairs	10,000	5,833	2,883	2,950	
General Repairs & Maintenance	25,000	14,583	12,139	2,444	
Contingency	40,000	23,333	20,151	3,182	
Subtotal Field Expenditures	$	598,674	$	357,082	$	291,597	$	65,485	
Amenity Expenditures					
Amenity - Electric	$	18,000	$	10,500	$	8,976	$	1,524	
Amenity - Water & Sewer	20,000	11,667	7,519	4,148	
Playground & Furniture Lease	35,000	20,417	17,325	3,092	
Internet	3,000	1,750	1,365	385	
Pest Control	660	385	350	35	
Janitorial Services	11,780	6,872	8,335	(1,463)	
Security Services	36,036	21,021	22,858	(1,837)	
Pool Maintenance	34,440	20,090	24,265	(4,175)	
Amenity Access Management	7,500	4,375	4,375	-	
Amenity Repairs & Maintenance	10,000	5,833	4,577	1,256	
Holiday Decorations	10,000	5,833	10,000	(4,167)	
Contingency	10,000	5,833	14,506	(8,672)	
Subtotal Amenity Expenditures	$	196,416	$	114,576	$	124,451	$	(9,875)	

Total Expenditures	$	973,526	$	582,431	$	497,729	$	84,701	

Excess (Deficiency) of Revenues over Expen	$	82,325	$	455,456	$	545,393	$	(79,466)	
Other Financing Sources/(Uses):					
Capital Reserve Transfer	$	(82,325)	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	(82,325)	$	-	$	-	$	-	

Net Change in Fund Balance	$	-	$	455,456	$	545,393	$	(79,466)	
					
Fund Balance - Beginning	$	-		$	212,303		
					
Fund Balance - Ending	$	-		$	757,696		

VillaMar	
Community Development District	
Capital Reserve Fund	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending April 30, 2025	

Adopted	Prorated Budget	Actual		
Budget	Thru 04/30/25	Thru 04/30/25	Variance	

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 April 30, 2025	

Adopted	Prorated Budget	Actual		
Budget	Thru 04/30/25	Thru 04/30/25	Variance	

Revenues:					
Assessments - Tax Roll	$	403,763	$	403,763	$	402,230	$	(1,532)	
Interest Income	-	-	9,186	9,186	

Total Revenues	$	403,763	$	403,763	$	411,416	$	7,654	

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)	$	263,425	$	271,079	$	7,654	

Net Change in Fund Balance	$	(1,913)	$	263,425	$	271,079	$	7,654	
					
Fund Balance - Beginning	$	183,440		$	393,180		
					
Fund Balance - Ending	$	181,528		$	664,259		

VillaMar	
Community Development District	
Debt Service Fund Series 2020 A2	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending April 30, 2025	

Adopted	Prorated Budget	Actual		
Budget	Thru 04/30/25	Thru 04/30/25	Variance	

Revenues:					
Assessments - Tax Roll	$	369,050	$	369,050	$	367,650	$	(1,400)	
Interest Income	-	-	8,267	8,267	

Total Revenues	$	369,050	$	369,050	$	375,918	$	6,868	

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	$	253,234	$	260,102	$	6,868	

Net Change in Fund Balance	$	2,419	$	253,234	$	260,102	$	6,868	
					
Fund Balance - Beginning	$	159,690		$	345,569		
					
Fund Balance - Ending	$	162,109		$	605,671		

VillaMar	
Community Development District	
Debt Service Fund Series 2022 A3	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending April 30, 2025	

Adopted	Prorated Budget	Actual		
Budget	Thru 04/30/25	Thru 04/30/25	Variance	

Revenues:					
Assessments - Tax Roll	$	165,060	$	165,060	$	138,379	$	(26,681)	
Interest Income	-	-	3,966	3,966	

Total Revenues	$	165,060	$	165,060	$	142,344	$	(22,715)	

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	$	70,994	$	48,279	$	(22,715)	

Net Change in Fund Balance	$	27,710	$	70,994	$	48,279	$	(22,715)	
					
Fund Balance - Beginning	$	66,015		$	199,180		
					
Fund Balance - Ending	$	93,725		$	247,458		

VillaMar	
Community Development District	
Debt Service Fund Series 2022 A4	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending April 30, 2025	

Adopted	Prorated Budget	Actual		
Budget	Thru 04/30/25	Thru 04/30/25	Variance	

Revenues:					
Assessments - Tax Roll	$	249,825	$	249,825	$	248,878	$	(947)	
Interest Income	-	-	5,679	5,679	

Total Revenues	$	249,825	$	249,825	$	254,557	$	4,732	

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	$	167,800	$	172,532	$	4,732	

Net Change in Fund Balance	$	775	$	167,800	$	172,532	$	4,732	
					
Fund Balance - Beginning	$	114,869		$	239,787		
					
Fund Balance - Ending	$	115,644		$	412,320		

VillaMar	
Community Development District	
Debt Service Fund Series 2023 A5	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending April 30, 2025	

Adopted	Prorated Budget	Actual		

` Revenues:	Budget	Thru 04/30/25	Thru 04/30/25	Variance	
Assessments - Direct	$	553,728	$	536,062	$	536,062	$	-	
Prepayments	-	-	142,716	142,716	
Interest Income	-	-	13,148	13,148	

Total Revenues	$	553,728	$	536,062	$	691,926	$	155,864	

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)	$	316,128	$	283,557	$	(32,570)	

Net Change in Fund Balance	$	(1,141)	$	316,128	$	283,557	$	(32,570)	
					
Fund Balance - Beginning	$	336,869		$	679,156		
					
Fund Balance - Ending	$	335,728		$	962,714		

VillaMar	
Community Development District	
Debt Service Fund Series 2024 A6	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending April 30, 2025	

Adopted	Prorated Budget	Actual		
Budget	Thru 04/30/25	Thru 04/30/25	Variance	

Revenues:					
Assessments - Direct	$	603,000	$	364,816	$	364,816	$	-	
Interest Income	-	-	17,414	17,414	

Total Revenues	$	603,000	$	364,816	$	382,230	$	17,414	

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	$	124,156	$	141,571	$	17,414	

Net Change in Fund Balance	$	1,681	$	124,156	$	141,571	$	17,414	
					
Fund Balance - Beginning	$	343,608		$	868,346		
					
Fund Balance - Ending	$	345,289		$	1,009,917		

VillaMar	
Community Development District	
Combined Capital Project Funds	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending April 30, 2025	

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

Revenues								
Developer Contributions	$	-	$	-	$	17,063	$	-	$	84,865	$	1,564,819	$	1,666,747	
Interest Income	1	-	0	-	949	6	956	
Total Revenues	$	1	$	-	$	17,063	$	-	$	85,813	$	1,564,825	$	1,667,703	
Expenditures:								
Bank Fees	$	546	$	-	$	-	$	-	$	-	$	-	$	546	
Capital Outlay	301	-	17,063	-	359,923	1,196,418	1,573,704	
Total Expenditures	$	846	$	-	$	17,063	$	-	$	359,923	$	1,196,418	$	1,574,250	

Excess (Deficiency) of Rev. over Exp.	$	(845)	$	-	$	0	$	-	$	(274,110)	$	368,408	$	93,453	

Net Change in Fund Balance	$	(845)	$	-	$	0	$	-	$	(274,110)	$	368,408	$	93,453	
								
Fund Balance - Beginning	$	1,339	$	-	$	9	$	-	$	274,110	$	(343,131)	$	(67,674)	
								
Fund Balance - Ending	$	494	$	-	$	9	$	-	$	0	$	25,276	$	25,779	

VillaMar	
Community Development District	
Month to Month	

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

Revenues:														
Assessments - Tax Roll	$	-	$	24,316	$  926,520	$	7,560	$	11,908	$	2,699	$	7,534	$	-	$	-	$	85	$	-	$	-	$	980,623	
Assessments - Direct Bill	-	-	35,922	-	-	-	17,961	-	-	-	-	-	53,883	
Interest Income	-	-	-	-	497	1,916	2,036	-	-	-	-	-	4,449	
Miscellaneous Revenue	30	4,108	-	-	30	-	-	-	-	-	-	-	4,168	

Total Revenues	$	30	$  28,424	$ 962,442	$	7,560	$  12,435	$	4,615	$  27,531	$	-	$	-	$	85	$	-	$	-	$ 1,043,123	

Expenditures:														
General & Administrative:														
Supervisor Fees	$	-	$	-	$	1,000	$	-	$	-	$	600	$	-	$	-	$	-	$	-	$	-	$	-	$	1,600	
Engineering	-	-	-	-	-	-	-	-	-	-	-	-	-	
Attorney	1,048	117	2,009	831	1,110	2,354	555	-	-	-	-	-	8,023	
Annual Audit	-	-	-	-	-	-	1,000	-	-	-	-	-	1,000	
Assessment Administration	10,000	-	-	-	-	-	-	-	-	-	-	-	10,000	
Bond Amortization Filing	3,000	-	-	-	250	-	250	-	-	-	-	-	3,500	
Arbitrage	-	-	-	-	450	450	-	-	-	-	-	-	900	
Dissemination	833	833	833	833	833	833	833	-	-	-	-	-	5,833	
Trustee Fees	-	-	4,041	-	4,256	-	7,004	-	-	-	-	-	15,301	
Management Fees	3,719	3,719	3,719	3,719	3,719	3,719	3,719	-	-	-	-	-	26,031	
Information Technology	158	158	158	158	158	158	158	-	-	-	-	-	1,103	
Website Maintenance	105	105	105	105	105	105	105	-	-	-	-	-	735	
Postage & Delivery	113	42	93	28	40	203	-	-	-	-	-	-	518	
Insurance	6,408	-	-	-	-	-	-	-	-	-	-	-	6,408	
Printing & Binding	16	-	-	-	-	67	99	-	-	-	-	-	181	
Legal Advertising	-	-	-	-	-	-	-	-	-	-	-	-	-	
Other Current Charges	41	41	69	42	44	80	49	-	-	-	-	-	366	
Office Supplies	1	0	0	2	0	0	3	-	-	-	-	-	8	
Dues, Licenses & Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175	
Total General & Administrative	$	25,617	$	5,015	$  12,025	$	5,717	$  10,966	$	8,568	$  13,774	$	-	$	-	$	-	$	-	$	-	$	81,681	

VillaMar	
Community Development District	
Month to Month	

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

Operations & Maintenance

Field Expenditures														
Property Insurance	$	14,133	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	14,133	
Field Management	1,875	1,875	1,875	1,875	1,875	1,875	1,875	-	-	-	-	-	13,125	
Landscape Maintenance	12,415	12,415	12,415	12,415	12,415	12,415	12,415	-	-	-	-	-	86,905	
Landscape Replacement	1,714	-	-	-	700	-	-	-	-	-	-	-	2,414	
Pond Maintenance	1,938	1,938	1,938	1,938	1,938	1,938	1,938	-	-	-	-	-	13,566	
Streetlights	15,645	17,627	14,956	13,741	13,741	14,000	8,192	-	-	-	-	-	97,901	
Electric	229	220	266	278	320	350	426	-	-	-	-	-	2,089	
Water & Sewer	6,161	1,252	2,296	6,775	438	2,500	2,586	-	-	-	-	-	22,007	
Sidewalk & Asphalt Maintenance	-	-	-	-	-	4,284	-	-	-	-	-	-	4,284	
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	400	-	-	-	-	-	-	20,151	

Subtotal Field Expenditures	$	62,434	$  40,097	$  45,038	$  39,842	$  36,587	$  40,168	$  27,431	$	-	$	-	$	-	$	-	$	-	$  291,597	

Amenity Expenditures														
Amenity - Electric	$	911	$	1,500	$	1,500	$	1,500	$	1,000	$	1,500	$	1,065	$	-	$	-	$	-	$	-	$	-	$	8,976	
Amenity - Water & Sewer	591	1,271	1,291	1,543	1,077	931	815	-	-	-	-	-	7,519	
Playground & Furniture Lease	2,475	2,475	2,475	2,475	2,475	2,475	2,475	-	-	-	-	-	17,325	
Internet	189	189	189	189	189	210	210	-	-	-	-	-	1,365	
Pest Control	50	50	50	50	50	50	50	-	-	-	-	-	350	
Janitorial Services	2,595	850	1,490	850	850	850	850	-	-	-	-	-	8,335	
Security Services	3,071	3,255	3,255	2,486	4,508	3,255	3,027	-	-	-	-	-	22,858	
Pool Maintenance	3,405	2,730	3,290	2,730	6,370	2,870	2,870	-	-	-	-	-	24,265	
Amenity Access Management	625	625	625	625	625	625	625	-	-	-	-	-	4,375	
Amenity Repairs & Maintenance	477	-	2,355	-	210	1,535	-	-	-	-	-	-	4,577	
Holiday Decorations	-	-	10,000	-	-	-	-	-	-	-	-	-	10,000	
Contingency	4,357	-	-	-	10,149	-	-	-	-	-	-	-	14,506	

Subtotal Amenity Expenditures	$	18,746	$  12,945	$  26,519	$  12,448	$  27,502	$  14,302	$  11,987	$	-	$	-	$	-	$	-	$	-	$  124,451	

Total Expenditures	$ 106,797	$  58,057	$  83,582	$  58,007	$  75,056	$  63,038	$  53,193	$	-	$	-	$	-	$	-	$	-	$  497,729	

Total Expenditures & Other Financing Use	$ 106,797	$  58,057	$  83,582	$  58,007	$  75,056	$  63,038	$  53,193	$	-	$	-	$	-	$	-	$	-	$  497,729	

Net Change in Fund Balance	$ (106,767)	$ (29,633)	$ 878,860	$ (50,446)	$ (62,620)	$ (58,423)	$ (25,662)	$	-	$	-	$	85	$	-	$	-	$  545,393	

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

Gross Assessments	$	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	
04/11/25	$21,184.68	$0.00	$423.69	$0.00	$20,760.99	7,440	3,165	2,892	1,089	1,958	4,217	20,761	
04/30/25	$0.00	$0.00	$0.00	$94.06	$94.06	94	-	-	-	-	-	94	
TOTAL	$ 2,866,044.68	$	112,472.57	$	55,071.43	$  (24,678.38)	$	2,673,822.30	$	980,622.91	$	402,230.18	$	367,650.29	$	138,378.54	$	248,878.44	$	536,061.96	$  2,673,822.32	

$

100%
9,821

Net Percent Collected
Balance Remaining to Collect

VillaMar	
Community Development District	
Long Term Debt Report	

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
$206,945	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	

VillaMar	
Community Development District	
Long Term Debt Report	

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
3,926
$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	

Section 3

Melony Bell
Supervisor of E1ections�
• •	•	• ••

April 22, 2025

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

RE: VillaMar Community Development District Registered Voters

Dear Ms. Ham,

In response to your request, there are currently 1,344 registered voters within the VillaMar Community Development District. This number of registered voters in said District is as of April 15, 2025.

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

Sincerely,

Melony M. Bell 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