Boggy Creek Improvement District
12051 Corporate Boulevard Orlando, FL 32817; Phone: 407-723-5900 www.boggycreekid.org

The following is the proposed agenda for the upcoming Meeting of the Board of Supervisors for the Boggy Creek Improvement District which will be held Tuesday, October 20, 2020 at 3:30 p.m. using telephonic conferencing due to the COVID-19 Executive Order 20-246. The proposed agenda for this Board Meeting is found below.
Please use the following information to join the telephonic conferencing: Phone:	1-844-621-3956
Participant Code:	796 580 192#

BOARD OF SUPERVISORS’ MEETING AGENDA

Organizational Matters
Roll Call to Confirm a Quorum
Public Comment Period
Discussion regarding Executive Order 20-246
Consideration of the Minutes of the September 21, 2020 Board of Supervisors’ Meeting

Business Matters
Matters Pertaining to Local Alternative Mobility Network (“LAMN”)
Presentation Regarding LAMN (provided under separate cover)
Presentation of Preliminary Operation and Maintenance Assessment Methodology Report
Interlocal Agreement Among the District, the Boggy Creek Improvement District, the Greeneway Improvement District, the Myrtle Creek Improvement District and the Poitras East Community Development District Regarding Maintenance of the Greenlink Improvements within the Local Alternative Mobility Network Improvements
Consideration of Second Amended and Restated Engineer’s Report for Capital Improvements for Infrastructure
Consideration of FY 2020 Audit Engagement Letter (provided under separate cover)
Ratification of Requisition Nos. 2018-170 – 2018-173 in September 2020 in an amount totaling $7,151.53
Ratification of Operation and Maintenance Expenditures Paid in September 2020 in an amount totaling $130,374.34
Recommendation of Work Authorizations/Proposed Services (if applicable)
Review of District’s Financial Position and Budget to Actual YTD

Other Business
Staff Reports
District Counsel
District Manager
District Engineer

Construction Supervisor
Supervisor Requests

Adjournment

BOGGY CREEK IMPROVEMENT DISTRICT

Executive Order 20-246

STATE OF FLORIDA
OFFICE OF THE GOVERNOR EXECUTIVE ORDER NUMBER 20-246
(Emergency Management - COVID 19 - Local Government Public Meetings)

WHEREAS, Executive Order 20-69, as extended by Executive Orders 20-112, 20-123, 20-139,

20-150 and amended by Executive Orders 20-179 and 20-193, expires on October 1, 2020, unless extended.
NOW, THEREFORE, I, RON DESANTIS, as Governor of Florida, by virtue of the authority vested in me by Article IV, Section (l)(a) of the Florida Constitution, Chapter 252, Florida Statutes, and all other applicable laws, promulgate the following Executive Order to take immediate effect:
Section 1. I hereby extend Executive Order 20-69, as extended by Executive Orders 20-112, 20-123, 20-139, 20-150 and amended by Executive Orders 20-179 and 20-193, subject to the condition of Section 2 below, until 12:01 a.m. November 1, 2020. This order supersedes Section 4 of Executive Order 20-69.

Section 2. This order shall not apply to election canvassing boards.

ATTEST:

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IN TESTIMONY WHEREOF, I have hereunto

set my hand and caused the Great Seal of the State of Florida to be affixed, at Tallahassee, this

RON DESANTIS, GOVERNOR

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Notice of Meeting Schedule Boggy Creek Improvement District

The Board of Supervisors of the Boggy Creek Improvement District will hold its meetings for the Fiscal Year 2021 at the Courtyard Orlando Lake Nona, 6955 Lake Nona Blvd., Orlando, FL 32827 at 3:30 p.m. on the third Tuesday of each month unless otherwise noted below.

October 20, 2020
November 10, 2020
December 15, 2020
January 19, 2021
February 16, 2021
March 16, 2021
April 20, 2021
May 18, 2021
June 15, 2021
July 20, 2021
August 17, 2021
September 21, 2021

While it is necessary to hold the above referenced meeting of the District’s Board of Supervisors utilizing communications media technology due to the current COVID-19 public health emergency, the District fully encourages public participation in a safe and efficient manner. Toward that end, anyone wishing to listen and participate in the meeting can do so telephonically at 1-844-621-3956; Access Code: 796 580 192#. Additionally, participants are encouraged to submit questions and comments to the District Manager in advance at (407) 723-5935 to facilitate the Board’s consideration of such questions and comments during the meeting.

The meeting is open to the public and will be conducted in accordance with the provisions of Florida law for Community Development Districts. A copy of the agenda for the meeting may be obtained from the District Manager’s office, 12051 Corporate Blvd., Orlando, Florida 32817 or by calling (407) 723-5900. This meeting may be continued to a date, time, and place to be specified on the record at the meeting. There may be occasions when one or more Supervisors will participate by telephone.

Any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Office at (407) 723-5900 at least 48 hours prior to the meeting. 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 Office.

Each person who decides to appeal any action taken at these meetings is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.

Jennifer Walden District Manager

Run date: October 6, 2020

BOGGY CREEK IMPROVEMENT DISTRICT

Minutes of the September 21, 2020 Board of Supervisors’ Meeting

BOGGY CREEK IMPROVEMENT DISTRICT BOARD OF SUPERVISORS’ MEETING MINUTES

FIRST ORDER OF BUSINESS

The Board of Supervisors’ Meeting for the Boggy Creek Improvement District was called to order on Monday, September 21, 2020, at 11:00 a.m. via telephonic conferencing due to the COVID-19 Executive Order 20-193.

Present via phone:		
Richard Levey	Chairperson	
Thad Czapka	Assistant Secretary	
Chad Tinetti	Assistant Secretary	
Jamie Bennett	Assistant Secretary	
Also attending via phone:		
Lynne Mullins	PFM	
Jennifer Walden	PFM	
Tucker Mackie	Hopping Green & Sams	
Deb Sier	Hopping Green & Sams	
Jeff Newton	Donald W. McIntosh Associates	
Larry Kaufmann	Construction Supervisor & Construction Committee Member	
Matt McDermott	Construction Committee Member	
Sean Cusack	Down to Earth	
JC Nowotny	Down to Earth	

SECOND ORDER OF BUSINESS	Public Comment Period

Dr. Levey asked for any public comments. There were no comments at this time.

THIRD ORDER OF BUSINESS		Discussion Regarding Executive Order 20-193

Ms. Walden stated the Executive Order is included in the packet which states the District is able to hold their meetings via telephonic conferencing due to the COVID-19 situation. Also included is a proof of the ad that notes the Executive Order as well as the telephonic conferencing information so the public can join.

FOURTH ORDER OF BUSINESS	Consideration of the Minutes of the August 18, 2020, Board of Supervisors’ Meeting

Board Members reviewed the minutes from the August 18, 2020, Board of Supervisors’ Meeting. Dr. Levey provided edits to the minutes.

On Motion by Mr. Czapka, second by Mr. Tinetti, with all in favor, the Board of Supervisors for the Boggy Creek Improvement District approved the Minutes of the August 18, 2020, Board of Supervisors’ Meeting, as amended.

FIFTH ORDER OF BUSINESS	Consideration of Resolution 2020-12, Re-setting the location for the Landowner’s Election.

Ms. Walden stated the Board had previously adopted Resolution 2020-06, which set the date, time, and location for the Landowners’ Election. Unfortunately, the location chosen is still not ready to open for the District’s use. This Resolution amends the location for the Landowner Election to the Courtyard Orlando Lake Nona at 6955 Lake Nona Boulevard, Orlando, FL 32827.

On Motion by Mr. Czapka, second by Mr. Tinetti, with all in favor, the Board of Supervisors for the Boggy Creek Improvement District approved Resolution 2020-12, Re-Setting the Location for the Landowners’ Election to the Courtyard Orlando Lake Nona, 6955 Lake Nona Boulevard, Orlando, Florida 32827.

SIXTH ORDER OF BUSINESS	Consideration of Resolution 2020-13, Re-Setting the Location for the Annual Meeting Schedule.

Ms. Walden noted the District needs to amend the location for the Annual Meeting Schedule to also be held at the Courtyard Orland Lake Nona, 6955 Lake Nona Blvd., Orlando, FL 32827.

On Motion by Mr. Czapka, second by Mr. Tinetti, with all in favor, the Board of Supervisors for the Boggy Creek Improvement District approved Resolution 2020-13, Re-Setting the Location for the Annual Meeting Schedule to the Courtyard Orlando Lake Nona, 6955 Lake Nona Boulevard, Orlando, Florida 32827.

SEVENTH ORDER OF BUSINESS	Consideration of Extending Existing Laureate Boulevard Landscape and Irrigation Maintenance	Services Agreement with Down to Earth (Section 3)

The Board previously agreed to defer the decision to extend the Existing Laureate Boulevard Landscape and Irrigation Maintenance Services Agreement with Down to Earth until today to allow for a month of monitoring their performance. Mr. McDermott explained Down to Earth has corrected all of their deficiencies and they are back to meeting the District’s specifications. He recommended renewing their contract.

Ms. Mackie stated District staff brought this to the attention of the Board at the last meeting as the existing contract with Down To Earth requires the District to provide notice in the event it wants to renew the contract pursuant to the terms of the RFP. Given the deficiencies noted by District staff, the Board determined at the last meeting to postpone their decision in the hopes that the deficiencies would be corrected by the contractor, which they were. Ms. Mackie requested a motion to authorize District staff to transmit a notice of renewal to Down to Earth.

Dr. Levey noted the sister District approved the recommendation of District Counsel to make a motion to direct District staff to send the letter to Down to Earth to extend the Contract for a second year.

Mr. Cusack thanked the Board on behalf of Down to Earth.

On Motion by Ms. Bennett, second by Ms. Czapka, with all in favor, the Board of Supervisors for the Boggy Creek Improvement District authorized District staff to issue the letter extending existing Laureate Boulevard Landscape and Irrigation Maintenance Services Agreement with Down to Earth.

EIGHTH ORDER OF BUSINESS	Ratification	of	Requisition Nos. 2018-166 – 2018-169 paid
in August 2020 in the amount totaling $101,999.58

Board Members reviewed Requisition Nos. 2018-166 – 2018-169 paid in August 2020 in the amount totaling
$101,999.58.

On Motion by Mr. Czapka, second by Mr. Tinetti, with all in favor, the Board of Supervisors for the Boggy Creek Improvement District ratified Requisition Nos. 2018-166 – 2018-169 paid in August 2020 in the amount totaling $101,999.58.

NINTH ORDER OF BUSINESS	Ratification of Operation and Maintenance Expenditures paid in August 2020 in an amount totaling $51,190.42

Board Members reviewed the Operation & Maintenance expenditures paid in August 2020 in an amount totaling $51,190.42.

On Motion by Mr. Czapka, second by Ms. Bennett with all in favor, the Board of Supervisors for the Boggy Creek Improvement District ratified the Operation & Maintenance Expenditures paid in August 2020 in an amount totaling $51,190.42

TENTH ORDER OF BUSINESS	Recommendation	of	Work Authorizations/Proposed Services

Mr. Kaufmann stated that there were no Work Authorizations for this Board.

ELEVENTH ORDER OF BUSINESS	Review of District’s Financial Position and Budget to Actual YTD

Board Members reviewed the Statement of Financial Position and Budget to Actual YTD. Ms. Walden stated that the budget to actual and financials are through August 31, 2020. The District has had $666,300.00 in expenses vs. an overall budget of $910,500.00. The District is trending to come in at or below budget by the end of the Fiscal Year. While the Fiscal Year ends at the end of the month, the District will still take in invoices up to 60 days for expenses applicable to Fiscal Year 2020. There was no action required by the Board.

TWELFTH ORDER OF BUSINESS	Staff Reports

District Counsel –	Ms. Mackie introduced Ms. Sier to the Board who recently started at
Hopping Green and Sams and will be assisting Ms. Mackie with this District.

District Manager –	Ms. Walden noted the next meeting will be going back to the third Tuesday
of the month, which is October 20, 2020, at 3:30 p.m. Currently, the Executive Orders are slated to end this month and if that stays the same the District will need to meet in person at the Courtyard Orlando Lake Nona.

District Engineer –	Mr. Newton provided the Construction Status Memo (Exhibit A) and stated
the Boggy ID portion of Nemours Parkway Phase 7 has been completed. The reimbursement of Greeneway by Boggy is still on hold until the contractor finishes the monuments, which are delayed due to a material supply issue.

The traffic signal at Helios is done and has been accepted by the City. The District has paid the contractor, processed their retainage release on their final pay app and executed a certificate of final completion.

Construction Supervisor –	No Report District Landscape Supervisor- No Report
THIRTEENTH ORDER OF BUSINESS		Supervisor and Audience Comments & Adjournment

There were no Supervisor requests or audience comments. Dr. Levey requested a motion to adjourn.

On Motion by Mr. Czapka, second by Ms. Bennett, with all in favor, the September 21, 2020, meeting of the Board of Supervisors for the Boggy Creek Improvement District was adjourned.

 	_ 		 	_ 	
Secretary/Assistant Secretary	Chair/Vice Chair

EXHIBIT A

MEMORANDUM

DATE:
DoNALD W. MclNTDSH Assoc1ATES, INc.	TO:

FROM:

RE:

September 21, 2020

Boggy Creek Improvement District Boarq of Supervisors

Donald W. McIntosh Associates, Inc. District Engineer

Construction Contract Status

Dear Board Members,

Please accept this correspondence as a current summary of our construction contract status. Listed below by project is a brief summary of recent contract activity. Copies of the latest Change Order logs are attached.

CIVIL ENGINEERS

LAND PLANNERS

SURVEYORS

Nemours Parkwa v Phase 7 -Jr. Davis Construction Company, Inc.

Construction Status: Upon completion of the monuments (delayed due to materials) and issuance of a Certificate of Final Completion for the work, Greenway Improvement District will be invoicing the Boggy Creek Improvement District for improvements within the BCID boundary.

Change Order (C.O.) Status: None

Recommended Motion: None

Traffic Signalization Improvements at the Intersection of Helios Boulevard and Lake Nona Boulevard -The New Florida Industrial Electric, Inc.

Construction Status: A Certificate of Final Completion has been issued for this work. The contractor's final pay application and the consultant's final invoice have been approved for payment with no retainage.

Should there be any questions, please do not hesitate to call.

2200 Park Ave. North

Winter Park, FL

32789-2355

Fax 407-644-8318

407-644-4068

http://www.dwma.com

Thank you.
End of memorandum.
c:	Larry Kaufmann Matt McDermott
Chris Wiison Dan Young Tarek Fahmy

\\drnadatas\dwmadata\Proj2003\23218\ENGadmin\C\ecl 70 I .docx

LAKE NONA SOUTH
Greeneway Improvement District Nemours Parkway Phase 7 Change Order Log
Jr. Davis

C.0.#	

Date	

DescrlpUon of Revision	
Additional Days	

Amount	

Status	New
Contract Amount Onginal Contract Date	

To Board	

Approval Date	

Notes	
						$_6,312,27$.78				

1	

2/8/2019	Contract adjustment for revision to include scope of work for addendums/plans issued after bid date.		
$	161,445.97	
Approved	
$	6,473.722.75	
2/19/2019	
2/19/2019		

2	

5/20/2019	Add sanitary and reclaim service laterals intended to serve the Nemours Childrens's Hospital.		
$	12,879.00	
Approved	
$	6,486,601.75	
5/21/2019	

5/21/2019		

9/12/2019	

Contract Calendar Extension - Add 60 Days	

60	
$	-	

Approved	
$	6,486,601.75	

9/17/2019	

9/17/2019		

i	

9/19/2019	

Landscaping and Irrigation Revisions		
$	49,204.52	

Approved	
$	6,535,806.27	

10/15/2019	

10/15/2019		

li	
1/15/2020	
Modify Ramps at Nemours Hospltal		
$	17,168.75	
Approved	
$	6,552,975.02	
1/21/2020	
1/21/2020		

6	

4/21/2020	

Direct Owner Purchase Reconciliation		
$	(1,262,145.00)	
Approved	
$	5,290,830.02	
4/21/2020	

4/21/2020		

7	

6/19/2020	Barish Avenue Modifications, Added Signage per Plan Revision, Monument Signs Landscape & Irrigation Restoration		
$	3.877.19	
Approved	
$	5,294.707.21	
7/21/2020	
7/21/2020		

Boggy Creek Improvement District
Traffic Signalization Improvements at the Intersection of Helios Boulevard and Lake Nona Boulevard Change Order Log
The New Florida Industrial Electric, Inc.

C.0 . #	

Date	

Description of Revision	
Addltlonal
Days	

Amount	

Status	New Contract Amount
Original Conlract Date	

To Board	

Approval Date	

Notes	
						$496,199,44				

1	
8/2/2019	
Steel Mast Arm Assembly, furnished and installed	
0	
$	5,567.85	
Approved	
$501,767.29	
8/20/2019	
8/20/2019		
z	

9/17/2019	
Plan Changes between NOA and Permit Approval	

0	
$	15,597.11	

Approved	

$517.364.40	

9/17/2019	

9/17/2019		

4/22/2020	
Deduct 2-78' Mast Arms, Add 2-70' Mast Arms and Deduct 1 Assembly	

0	

$	(16,593.85)	

Approved	

$500.770.55	

5/19/2020	

5/19/2020		

5/19/2020	

Light Fixture Replacement	

0	
$	5,829.24	
Approved	
$506,599.79	
5/19/2020	
5/19/2020	
approved up to $6,000 at 5/19/20 meeting	
	
6/12/2020	
PCS Fiber Terminations	
0	
$	770.39	
Approved	
$507,370.18	
6/16/2020	
6/16/2020		

										

										

Matters Pertaining to Local Alternative Mobility Network (“LAMN”)

Presentation Regarding LAMN
(provided under separate cover)

Preliminary Operation and Maintenance Assessment Methodology Report

PRELIMINARY
LOCAL ALTERNATIVE MOBILITY NETWORK
OPERATION & MAINTENANCE ASSESSMENT METHODOLOGY REPORT

October 2020

Prepared for:

Members of the Boards of Supervisors of the Greeneway Improvement District
Boggy Creek Improvement District Myrtle Creek Improvement District
Poitras East Community Development District

Prepared on October 16, 2020

PFM Financial Advisors LLC
12051 Corporate Boulevard
Orlando, FL 32817

PRELIMINARY LOCAL ALTERNATIVE MOBILITY NETWORK OPERATION & MAINTENANCE ASSESSMENT METHODOLOGY REPORT

October 16, 2020

Introduction

Background

The community development districts have been established by the City of Orlando for the purpose of planning, financing, constructing, installing, and/or acquiring certain improvements, facilities and services in conjunction with the development of lands located within the districts: Greeneway Improvement District (“GID”), Boggy Creek Improvement District (“BCID”), Myrtle Creek Improvement District (“MCID”) and the Poitras East CDD (“PECDD”), collectively, the (“Districts”) each of which is associated with its greater Lake Nona development in Orlando, Florida. A brief description of each District is provided herein.

GID: The GID is a community development district created pursuant to Chapter 190, F.S. by the City of Orlando (“City”) Ordinance No. 0302244701 effective on February 24, 2003, as amended. The GID encompasses approximately 1,206 acres. The GID is a mixed-use project with a projected buildout of over 7,000 residential units, 650,000 square feet of non-residential space, 350 hotel rooms, over 1,000 specialty care units and civic space.

BCID: The BCID is a community development district created pursuant to Chapter 190, F.S. by the City of Orlando Ordinance 011126701 as amended, effective October 24, 2016. The BCID encompasses approximately 1,126 acres within the City of Orlando. The BCID is primarily comprised of non-residential commercial uses with a projected buildout of 5.5 million square feet of retail, office, hospital, warehouse and research space along with 450 apartment units and over 2,000 hotel rooms.

MCID: The MCID is a community development district created pursuant to Chapter 190, F.S. by the City of Orlando Ordinance 0602131002 as amended, effective February 13, 2006. The MCID encompasses approximately 1,087 acres within the City of Orlando. The MCID is a mixed-use project with a projected buildout of over 1,700 residential units along with non-residential space totaling more than 250,000 square feet in space associated with the USTA, KPMG and future commercial users along Performance Drive.

PECDD: The PECDD is a community development district created pursuant to Chapter 190, F.S. by the City of Orlando Ordinance 2018-38, effective July 9, 2018. The PECDD encompasses approximately 1,061 acres within the City of Orlando. The PECDD is primarily a residential project with a projected buildout of over 2,200 residential units and over 100,000 square feet of non-residential space.

Tavistock Development, LLC (the “Developer”) is currently in the process of developing plans for a Local Alternative Mobility Network (“LAMN”), detailed in Section 1.3, that will benefit all districts, specifically GID, BCID, MCID and the PECDD and feature the GreenLink, located within the BCID and GID. The LAMN is a significant capital improvement comprising both transportation and regional amenity components, specifically as it relates to the GreenLink and GreenLink Bridge. The LAMN, inclusive of the GreenLink, will also include incremental annual operation and maintenance (“O&M”) expenses. The purpose of this report is to provide the methodology by which the allocation of the GreenLink O&M expense will be allocated among the Districts. LAMN O&M expenses not associated with the GreenLink elements, will be allocated to the respective Districts directly as detailed in the LAMN O&M budget.

Each of the Districts has approved a Master Assessment Methodology (“Master Report”) which allocates special assessments supporting District related bonds (“Debt Assessments”) that specially benefit from each District’s capital improvement plan (“CIP”) using an equivalent residential unit (“ERU”) methodology. Each District allocates Debt Assessments to benefitting property within its District. First, Debt Assessments are assigned to properties that have been the subject of a City of Orlando-approved Specific Parcel Master Plan (“SPMP”) based upon the development units (“Development Units”) outlined in that SPMP. Each type of Development Unit is assigned a specific ERU value. The remaining Debt Assessments are allocated on an equal per-acre basis over the remaining undeveloped properties in the Districts. The same ERU values that are utilized for the basis of assigning Debt Assessments are currently used by each of the Districts as the basis for allocating annual operations and maintenance assessments (“O&M Assessments”). This structure has served each District well and it is reasonable to continue the use this methodology as the foundation for the allocation of the LAMN O&M expenses among each of the Districts’ property owners with the exception of the allocation of the GreenLink O&M expense, as further detailed herein.

Local Alternative Mobility Network Overview

The LAMN is comprised of the following five primary components:

Mobility Network Hub
Full-service hub facility for recreational and commuter users located in Lake Nona Town Center, connecting all modes of transportation and inclusive of restrooms with shower facilities, digital kiosks, seating, bike racks, storage and access to dedicated parking
This element will be owned, operated and maintained by the Developer or other third- party entity; accordingly, it does not comprise a part of the LAMN O&M budget
Autonomous Vehicle Infrastructure
Infrastructure required for the safe and efficient operation of an AV fleet consisting of approximately 20 multi-passenger shuttles on the route network, including dedicated AV stops, shared ROW lanes, dedicated AV lanes and an AV system and its users will have access to the same services for the shared bicycle and electric assist programs to be offered in Lake Nona. This does not include the AV fleet of shuttles, which is not a part of the LAMN O&M budget
Bicycle Transportation Network (BTN)
A bicycle network consisting of three multi-use trail network (MUT) provides commuter and recreational corridors for bicycle and pedestrian users alike. Second, a dedicated commuter way provides destination-oriented commuter paths for higher-speed travel.

Finally, enhanced and expanded on-street dedicated lanes support the travel of bicycle users throughout the community. The BTN is complemented by strategically located supported facilities, called “Recovery Zones,” that allow users to rehydrate, repair, and recover during their journey.
GreenLink
A linear park connecting a dense mixed-use environment with Lake Nona Town Center, displacing a conventional automobile street with a dedicated bicycle commuter way, dedicated AV right of way, and pedestrian paths organized around an exposed stormwater conveyance waterway (see figure below).

GreenLink Bridge
A dedicated bridge over the highly traveled six-lane Lake Nona Boulevard, providing AV, bicycle and pedestrian access to the Lake Nona Town Center and Hub.

Purpose

The GreenLink and GreenLink Bridge within the LAMN represent a combined transportation and regional amenity to the Districts. The GreenLink is a connective linear park and the GreenLink bridge provides alternative mobility options for residents within the Districts. The Districts currently provide for the O&M of certain capital improvements within their respective boundaries. These O&M expenses are funded via the collection of O&M Assessments, which are annual non-ad valorem special assessments. As O&M responsibilities vary over time, the respective District’s O&M expenses and thereby the annual O&M Assessments may vary on an annual basis to meet the respective District’s needs.

This LAMN Operation and Maintenance Expense Assessment Methodology Report (“LAMN O&M Methodology Report”) provides a methodology to allocate the GreenLink-specific annual O&M expenses associated with the LAMN (the “LAMN Greenlink O&M Expenses”) among the Districts. Further, allocation of the GreenLink-specific O&M expenses is consistent with the existing methodologies for each of the Districts as it pertains to the ERU values associated with each Districts’ residential development, non-residential development and vacant acres within the four Districts that receive a special benefit from operation and maintenance activities.

This LAMN O&M Methodology Report contains the recommended O&M assessment methodology (“O&M Methodology”) to be used for allocating the GreenLink-specific annual O&M expenses. This report is designed to conform to the requirements of Chapters 190 and 170, F.S. with respect to special assessments and is consistent with PFM Financial Advisors LLC (“PFM FA” or “Assessment Consultant”) understanding of Florida law on this subject. Table 1 summarizes the preliminary LAMN O&M Expenses at buildout. The estimated gross assessment is based on the preliminary LAMN O&M Budget, and it includes a 4% gross up for an allowance for early payment of assessments. Table 2 summarizes the anticipated budget from 2021 through 2025.

Table 1. Estimated LAMN O&M Buildout Budget (Estimate at Completion & Stabilization)

Project-Item	Annual O&M	Annual O&M (Gross**)	
Recovery Zones & AV Stops*	$427,800		
GreenLink	$978,500		
GreenLink - RZ-5/AV-3	$41,400		
GreenLink - AV-2	$24,700		
GreenLink - AV-14	$500		
GreenLink Bridge	$87,400		
GreenLink Bridge West Approach	$122,700		
GreenLink Bridge East Approach	$122,700		
Total - GreenLink	$1,377,900	$1,435,313	
Total	$1,805,700	$1,880,938	
Source: Tavistock; *Non-GreenLink LAMN O&M expenses will be District specific
**includes a 4% gross up for an allowance for early payment of assessments

Table 2. Preliminary LAMN O&M Greenlink Buildout Budget 2021 - 2025

Fiscal Year	2021	2022	2023	2024	2025	
Annual O&M GreenLink & GreenLink Bridge	$0	$0	$688,950	$1,033,425	$1,377,900	
Gross*	$0	$0	$717,656	$1,076,484	$1,435,313	
Source: Tavistock; *includes a 4% gross up for an allowance for early payment of assessments

Requirements of a Valid Assessment Methodology

In PFM FA’s experience, there are two primary requirements for special assessments to be valid under Florida law. First, the properties assessed must receive a special benefit from the improvements paid for via the assessments. Second, the assessments must be fairly and reasonably allocated to the properties being assessed. If these two characteristics of valid special assessments are adhered to, Florida law provides some latitude to legislative bodies, such as the District’s Board of Supervisors, in approving special assessments. Indeed, Florida courts have found that the mathematical perfection of calculating special benefit is likely impossible. Our research suggests that only if the District’s Board was to act in an arbitrary, capricious, or grossly unfair fashion would its assessment methods be overturned.

Assessment Methodology

Overview

This O&M Methodology provides guidance regarding the allocation of the LAMN Greenlink O&M Expenses to the GID, BCID, MCID and PECDD benefiting from the LAMN Greenlink activities as it relates to the transportation and amenity benefits realized by each District. As most of the Districts’ existing annual O&M expenses relate to the O&M of capital improvements funded through the issuance of special assessment bonds, it is appropriate to use the ERU values assigned to land uses for purposes of allocating bond debt service assessments for capital improvements. These ERU units have been approved by each of the Districts’ Boards as representative of the proportionate benefit conferred on properties due to the implementation of the Districts’ CIPs. The ERU values assigned to properties within the Districts are found in each Districts’ associated Master Methodologies. The ERU values have also been used by each of the Districts as the basis for allocating annual O&M expenses. This structure has served each District well and is reasonable to continue the use of these ERU values as the foundation for the allocation of the LAMN GreenLink O&M Expenses among each of the Districts’ property owners.

It’s important to note that each of the Districts is still in the development process, and includes vacant developable acres, and each of the Districts has yet to finalize its full set of land uses. As a result, O&M budget expenses are allocated to the platted development via ERU with the remainder of the budget allocated to the acreage on a per acre basis. As the developable vacant lands are platted and developed, the residential units, commercial square footage and/or other development on these lands will be assessed consistent with each Districts established ERU values.

Summary of Total Development within the Four Districts

The GID, BCID, MCID and PECDD have each established master methodologies detailing master development volumes. Table 3 summarizes the total development volume among all four Districts.

Table 3. Summary of GID, BCID, MCID & PECDD Development Volumes

Residential	
Greeneway ID	
Boggy Creek ID	
Myrtle Creek ID	
Poitras East CDD	
TOTAL	
Single Family Residential (unit)	3,126		780	1,406	5,312	
Townhome (unit)	771		649	525	1,945	
Condominium (unit)	988				988	
Apartment (unit)	2,313	450		306	3,069	
						
Non-Residential						
Hotel (rms / keys)	346	2,250	250		2,846	
Assisted Living Facility (beds)	1,171				1,171	
Retail (Sq.Ft.)	170,099	955,373		55,000	1,180,472	
Office (Sq.Ft.)	136,311	213,993	19,595	55,000	424,899	
Medical Office (Sq.Ft.)	335,956	500,000			835,956	
Medical Research/Campus (Sq.Ft.)		2,375,277			2,375,277	
Civic Space (Sq. Ft.)	58,255				58,255	
Hospital (Sq.Ft. or Beds)		1,420,000			1,420,000	
					0	

Flex (Office/Warehouse) (Sq.Ft.)					0	
		100,000			100,000	
					0	
Tennis Stadium			4,500		4,500	
USTA - tennis courts			102		102	
					0	
Source: PFM Financial Advisors LLC

Allocation of the LAMN GreenLink O&M Budget

The LAMN GreenLink is defined as a transportation and regional amenity to the GID, BCID, MCID and PECDD. The LAMN Greenlink O&M Expenses are associated with both the transportation-related activities of the bridge and road network as well as the linear park amenity activities. An analysis of the LAMN GreenLink O&M Expenses by the Districts’ staff determined that approximately fifty percent (50%) of the LAMN GreenLink O&M Expenses are transportation related and fifty percent (50%) of are amenity related. Using this information, PFM Financial Advisors LLC (“Assessment Consultant”) allocated the preliminary estimated LAMN GreenLink O&M Expenses as summarized in Table 4.

Table 4. Allocation of Estimated O&M Expenses by Category

Category of O&M	LAMN O&M	Description	
Transportation - GreenLink	$688,950	Allocate 50% of GreenLink among four Districts based on Total Trips	
Amenity - GreenLink	$688,950	Allocate 50% of GreenLink among four Districts based on ERUs	
TOTAL - GreenLink	$1,377,900		
Source: District Engineer, PFM Financial Advisors LLC, Developer

Transportation

In the case of the LAMN GreenLink O&M Expenses related to transportation, the total budget is allocated across the four benefitting Districts via the percentage allocation of total trips based on the total development schedule as detailed in each of the Districts’ Master Methodologies. Table 5 summarizes trip rates associated with planned development within each of the four Districts as provided by the Institute of Transportation Engineers (“ITE”), 10th Edition.

Table 5. Summary of ITE Trip Rates

Residential	
ITE Code	
ITE Rate	Description of ITE Unit (e.g. unit, hotel room, per 1,000 sqft,
hospital bed, etc…)	
Single Family Residential (unit)	210 - Single-Family Detached Housing	9.44	Dwelling unit	
Townhome (unit)	230 - Residential Condominium/Townhouse	7.32	Dwelling unit	
Condominium (unit)	230 - Residential Condominium/Townhouse	7.32	Dwelling unit	
Apartment (unit)	220 - Apartment	7.32	Dwelling unit	

Non-Residential	
Hotel (rms / keys)	310 – Hotel	8.36	Rooms	
Assisted Living Facility (beds)	254 - Assisted Living	4.24	Beds	
Retail (Sq.Ft.)	820 - Shopping Center	37.75	1,000 sq.ft.	
Office (Sq.Ft.)	710 - General Office Building	9.74	1,000 sq.ft.	
Medical Office (Sq.Ft.)	720 - Medical-Dental Office Building	34.8	1,000 sq.ft.	
Medical Research/Campus (Sq.Ft.)	760 - Research and Development Center	11.26	1,000 sq.ft.	
Civic Space (Sq. Ft.)	560 - Church	6.95	1,000 sq.ft.	
Hospital (Sq.Ft. or Beds)	610 - Hospital	10.72	1,000 sq.ft.	
	610 – Hospital	22.32	Beds	
	130 - Industrial Park	3.37	1,000 sq.ft.	
Flex (Office/Warehouse) (Sq.Ft.)	AVG	7.91	1,000 sq.ft.	
	770 - Business Park	12.44	1,000 sq.ft.	
Tennis Stadium*	465 - Ice Rink	1.26	Seats	
USTA - tennis courts	490 - Tennis Courts	30.32	Court	
	714 - Corporate Headquarters Building	12.44	1,000 sq.ft.	
Source: Institute of Transportation Engineers, 10th Edition (the listed values are average daily trips (ADT) rather than peak hour trips)
*Source: Institute of Transportation Engineers, 9th Edition (use was most applicable and removed from 10th Edition)

Based on the total development volumes and trip rates, the total trip rates were estimated. Table 6 summarizes the percentage allocation of total trips among the four Districts. Table 7 summarizes the allocation of the LAMN GreenLink O&M Expenses associated with transportation. While it is understood that the GreenLink capital improvement is related to alternative mobility activity; the use of ITE trips rates and the allocation of benefit via total trips for each District represented a reasonable allocation as each District is estimated to benefit directly from the GreenLink based on a capture of alternative mobility trips consistent with the allocation of total trips among the Districts.

Table 6. Summary of Total Trip Rates and Allocation

Residential	Greeneway ID	Boggy Creek ID	Myrtle Creek ID	Poitras East CDD	TOTAL	
Single Family Residential (unit)	29,507	0	7,363	13,273	50,143	
Townhome (unit)	5,641	0	4,751	3,843	14,235	
Condominium (unit)	7,235	0	0	0	7,235	
Apartment (unit)	16,934	3,294	0	2,240	22,468	

Non-Residential	
Hotel (rms / keys)	2,894	18,810	2,090	0	23,794	
Assisted Living Facility (beds)	4,964	0	0	0	4,964	
Retail (Sq.Ft.)	6,421	36,065	0	2,076	44,563	
Office (Sq.Ft.)	1,328	2,084	191	536	4,139	
Medical Office (Sq.Ft.)	11,691	17,400	0	0	29,091	
Medical Research/Campus (Sq.Ft.)	0	26,746	0	0	26,746	
Civic Space (Sq. Ft.)	405	0	0	0	405	
Hospital (Sq.Ft. or Beds)	0	15,222	0	0	15,222	

Flex (Office/Warehouse) (Sq.Ft.)						
	0	791	0	0	791	
						
Tennis Stadium	0	0	5,670	0	5,670	
USTA - tennis courts	0	0	3,093	0	3,093	
						
TOTAL TRIPS	87,020	120,412	23,157	21,968	252,557	
% of TOTAL TRIPS	34.5%	47.7%	9.2%	8.7%	100.0%	
Source: PFM Financial Advisors LLC

Table 7. Transportation - Trip Allocation Among GID, BCID, MCID & PECDD

District	Transportation - Total Trips	% Trips	Trips Allocation	
Greeneway ID	87,020	34.5%	$237,382	
Boggy Creek ID	120,412	47.7%	$328,472	
Myrtle Creek ID	23,157	9.2%	$63,171	
Poitras East CDD	21,968	8.7%	$59,925	
TOTAL	252,557	100.0%	$688,950	
Source: PFM Financial Advisors LLC (via Master Methodologies)

Amenity

In the case of the LAMN GreenLink O&M Expenses associated with the amenity function of GreenLink, the total budget is allocated across the four benefitting Districts based on the percentage allocation of total equivalent residential units (“ERUs”) based on the total development schedule as detailed in each Districts’ Master Methodologies. Table 8 summarizes the allocation of ERUs among the four Districts.

Table 8. Amenity - ERU Allocation Among GID, BCID, MCID & PECDD

District	
Master - ERUs	
Master ERU %	
TOTAL	
Greeneway ID	4,568	32.2%	$221,513	
Boggy Creek ID	5,205	36.6%	$252,403	
Myrtle Creek ID	2,048	14.4%	$99,289	
Poitras East CDD	2,387	16.8%	$115,746	
TOTAL	14,207	100.0%	$688,950	
Source: PFM Financial Advisors LLC (via Master Methodologies)

TOTAL

The resulting allocation of LAMN GreenLink O&M Expenses are summarized in Table 9. It is important to note again that the expenses identified are preliminary in nature and are based off estimated operations and maintenance needs for the GreenLink. They are provided to illustrate how the percentage allocations described herein will be applied.

Table 9. Summary of LAMN GreenLink O&M Allocation

District	Transportation
(trips)	
Amenity (ERUs)		
Greeneway ID	34.5%	32.2%		
Boggy Creek ID	47.7%	36.6%		
Myrtle Creek ID	9.2%	14.4%		
Poitras East CDD	8.7%	16.8%		
TOTAL	100.0%	100.0%		

District	
Transportation
Allocation	
Amenity Allocation	
Total GreenLink
Allocation	% Allocation of LAMN GreenLink
O&M	
Greeneway ID	$237,382	$221,513	$458,895	33.3%	
Boggy Creek ID	$328,472	$252,403	$580,875	42.2%	
Myrtle Creek ID	$63,171	$99,289	$162,460	11.8%	
Poitras East CDD	$59,925	$115,746	$175,671	12.7%	
TOTAL	$688,950	$688,950	$1,377,900	100.0%	
Source: PFM Financial Advisors LLC

BOGGY CREEK IMPROVEMENT DISTRICT

Interlocal Agreement Among the District, the Boggy Creek Improvement District, the Myrtle Creek Improvement District and the Poitras East Community Development District Regarding Maintenance of the Greenlink Improvements within the Local Alternative Mobility Network Improvements

INTERLOCAL AGREEMENT AMONG THE BOGGY CREEK IMPROVEMENT DISTRICT, THE MYRTLE CREEK IMPROVEMENT DISTRICT, THE GREENEWAY IMPROVEMENT DISTRICT, AND THE POITRAS EAST COMMUNITY DEVELOPMENT DISTRICT REGARDING MAINTENANCE OF THE GREENLINK IMPROVEMENTS WITHIN THE LOCAL ALTERNATIVE MOBILITY NETWORK

THIS AGREEMENT is made among the Boggy Creek Improvement District (“Boggy Creek”), the Myrtle Creek Improvement District (“Myrtle Creek”), the Greeneway Improvement District (“Greeneway”), and the Poitras East Community Development District (“Poitras East”), (collectively, the “Districts”), each of which is a special-purpose unit of local government located in the City of Orlando, Florida (this agreement is hereinafter referred to as the “Agreement”).

RECITALS

WHEREAS, the Districts are special-purpose units of local government located entirely within the City of Orlando, Florida, that have been established for the purpose of planning, financing, constructing, installing, and/or acquiring certain improvements, facilities and services in conjunction with the development of lands located within the Districts;

WHEREAS, the Districts are responsible for the maintenance of certain aspects of a Local Alternative Mobility Network, which is located throughout the boundaries of the Districts, as more particularly identified on the map attached hereto and made a part hereof as Exhibit A (the “LAM Network”);

WHEREAS, maintenance and enhancement of the LAM Network provides a benefit to the lands within the Districts;

WHEREAS, a component of the LAM Network consists of a connected multi-modal trail, bridge and linear park improvement, hereinafter referred to as the ‘Greenlink’ within the boundaries of Greeneway and Boggy Creek, the location of which is further identified on Exhibit A;

WHEREAS, as described in more detail in the Preliminary Local Alternative Mobility Network Operation & Maintenance Assessment Methodology Report, dated October , 2020 (“LAMN Methodology”) attached hereto as Exhibit B, all of the Districts benefit from the Greenlink from both a transportation and amenity perspective; accordingly, the Districts desire to share in the operation and maintenance cost associated with the Greenlink at the percentages described in the LAMN Methodology;

WHEREAS, the Districts find that it is mutually advantageous and cost-effective to designate one district as the entity to provide for the maintenance of the Greenlink;

WHEREAS, the District providing the maintenance will have the need for continued staffing and contractual arrangements to be in place to be able to respond to maintenance needs;

WHEREAS, the Districts wish to ensure the timely, efficient and cost-effective provision of maintenance services;

WHEREAS, the Districts find that designation of Boggy Creek as the entity for provision of the staffing and contract coordination for the maintenance of the Greenlink will provide the most efficient and cost-effective way to provide maintenance services;

WHEREAS, it is in the interest of each District to establish intergovernmental relations that encourage, promote and improve the coordination, overall effectiveness and efficiency of governmental activities and services within the boundaries of their respective districts;

WHEREAS, section 163.01, Florida Statutes, known as the “Florida Interlocal Cooperation Act of 1969,” permits local governmental units to make the most efficient use of their powers by enabling them to cooperate with other localities on a basis of mutual advantage and thereby to provide services and facilities in a manner and pursuant to forms of governmental organization that will accord best with geographic, economic, population, and other factors influencing the needs and development of local communities;

WHEREAS, the Districts find this Agreement to be necessary, proper and convenient to the exercise of their powers, duties and purposes authorized by law; and

WHEREAS, the Districts desire to exercise jointly their common powers and authority concerning the cost effective provision of maintenance services; the avoidance of inefficiencies caused by the unnecessary duplication of services; and the clarification of responsibilities, obligations, duties, powers, and liabilities of each of the governmental bodies.

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 Districts, the Districts agree as follows:

SECTION 1. RECITALS AND AUTHORITY. The foregoing recitals are true and correct and by this reference are incorporated as a material part of this Agreement. This Agreement is entered into pursuant to the provision of Florida law, including but not limited to Chapters 163, 189, and 190, Florida Statutes, and the Florida Constitution.

SECTION 2. MAINTENANCE. The parties acknowledge that it is in the best interest of the residents and property owners in each District for the Greenlink to be kept in a condition reflecting the quality of development within the Districts. Boggy Creek shall operate and maintain the Greenlink in substantial accordance with maintenance standards utilized by the Districts in existing maintenance agreements. The Districts agree that any or all of the  operations and maintenance of the Greenlink shall be arranged by Boggy Creek.

Contracts. Boggy Creek shall comply with all applicable laws regarding the procurement of goods or services.

Administration. Boggy Creek shall be solely responsible for ensuring adequate administration and inspection of the Greenlink.

Costs. Consistent with the LAMN Methodology, the Financial Consultant for the Districts has calculated each District’s percentage allocation of costs based on factors identified therein. The percentage allocation of costs for the operation and maintenance of the Greenlink is as follows:

 	%
 	%
 	%

Greeneway Myrtle Creek Poitras East

 	%

Boggy Creek

The amounts to be paid by each District for the provision of maintenance services shall be based on these percentages.

Budget. Within seven (7) days after Boggy Creek annually approves its preliminary budget, Boggy Creek shall provide a copy of the preliminary budget to Myrtle Creek, Greeneway, and Poitras East for review. In the event that the total funds budgeted for the use, operation, repair and maintenance of the Greenlink are not clearly identified in the preliminary budget, Boggy Creek shall send a letter accompanying the preliminary budget which sets forth the total amount budgeted for the use, operation, repair and maintenance of the Greenlink, inclusive of any amounts necessary for reserves. If Myrtle Creek, Greeneway and/or Poitras East dispute the total amount budgeted by Boggy Creek, Myrtle Creek, Greeneway and/or Poitras East shall notify Boggy Creek of its concerns. In such event, the Districts agree to cooperate in good faith toward refining the budgeted amount prior to Boggy Creek’s adoption of its final budget. However, nothing herein shall operate to prevent Boggy Creek  from  adopting its final budget in a timely manner.

Payment. At the beginning of the Districts’ fiscal year, Myrtle Creek, Greeneway and/or Poitras East shall have the option of either reimbursing Boggy Creek at the beginning of each fiscal year by making a lump sum payment equal to each District’s percentage share of the projected expenses for the use, operation, repair and maintenance of the Greenlink to Boggy Creek or by making monthly payments equal to each District’s percentage share of the preceding month’s actual expenses for the use, operation, repair and maintenance of the Greenlink to Boggy Creek. However, Boggy Creel may declare the option to reimburse by monthly payments no longer available should a District fail to make monthly payments in a timely manner.

If Myrtle Creek, Greeneway and/or Poitras East opts to make a lump sum payment, on or before October 1 of each fiscal year, the respective District(s) shall make a lump sum payment equal to the percentage allocation identified in 2.3 herein of the projected expenses to be included in Boggy Creek’s adopted final budget for the use, operation, repair and maintenance of the Greenlink to Boggy Creek. At the conclusion of each fiscal year, Greeneway shall compare the actual annual expenses for use, operation, repair and maintenance of the Greenlink with the amount previously paid by the respective Districts for that fiscal year. Based

on this comparison, Boggy Creek shall determine whether there has been an underpayment or an overpayment by any District for the prior fiscal year. If there has been an overpayment, the amount of the overpayment shall be paid to the respective District without interest. If there has been an underpayment, Boggy Creek shall provide the respective District with an invoice for the amount of the underpayment. The respective District shall pay such invoice within thirty (30) days of receipt. If such invoice is paid in full within this thirty-day period, no interest shall accrue on the underpayment.

If Myrtle Creek, Greeneway and/or Poitras East opts to make monthly payments, upon receipt of invoice(s) for expenses incurred in connection with the use, operation, repair and maintenance of the Greenlink, Boggy Creek shall provide the respective District with an invoice requesting payment equal to the respective percentage share identified in 2.3 herein of the actual expenses for the use, operation, repair and maintenance of the Greenlink. The respective District shall pay such invoice within thirty (30) days of receipt.

Unbudgeted Expenses. It is contemplated by the parties that unusual, unbudgeted maintenance events may occur. In such event, the Districts agree to cooperate in good faith in arranging for the repair of the Greenlink and toward allocating cost among the Districts.

Inspection of Records; Payment Disputes. Upon request, Boggy Creek shall make available to Greeneway, Myrtle Creek and Poitras East for review at a reasonable time and place, its books and records with respect to expenses associated with the use, operation, repair and maintenance of the Greenlink. In the event of a dispute between the parties relating to the reimbursement of these expenses, Greeneway, Myrtle Creek and/or Poitras East shall pay the amount requested by Boggy Creek in the time frame set forth above. Greeneway, Myrtle Creek and/or Poitras East shall give written notice accompanying the payment which states it disputes the amount of the payment. Payment in this manner shall not waive the right of Greeneway, Myrtle Creek and/or Poitras East to dispute the correct amount of such required payment.

SECTION 3. INSURANCE. Boggy Creek shall require any contractor selected to provide services relative to the Greenlink to maintain liability and property insurance in amounts customary for the scope of such a maintenance project and shall name each other district as an additional insured.

SECTION 4. LIABILITY LIMITATIONS.  Nothing in this Agreement shall be deemed as  a waiver of immunity or limits of liability of any of the Districts, including their supervisors, officers, agents and employees and independent contractors, beyond any statutory limited waiver of immunity or limits of liability which may have been adopted by the Florida Legislature in section 768.28, Florida Statutes, or other statute, and nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing any claim which would otherwise be barred under the Doctrine of Sovereign Immunity or by operation of law.

SECTION 5. DEFAULT. A default by any District under this Agreement shall entitle the other Districts to all remedies available at law or in equity, which may include, but not be limited to, damages, injunctive relief and specific performance. Each of the parties hereto shall give the

other party written notice of any defaults hereunder and shall allow the defaulting party not less than five (5) days from the date of receipt of such notice to cure monetary defaults and fifteen
days to cure other defaults.

SECTION 6. ENFORCEMENT. In the event that any District seeks to enforce this Agreement by court proceedings or otherwise, then the prevailing party or parties shall be entitled to recover all fees and costs incurred, including reasonable attorneys’ fees and costs for trial, alternative dispute resolution or appellate proceedings.

SECTION 7. CONTROLLING LAW. This Agreement shall be construed and governed in accordance with the laws of the State of Florida.

SECTION 8. SEVERABILITY. In the event any term or provision of this Agreement is determined by appropriate judicial authority to be illegal or otherwise invalid, such provision shall be construed or deleted as such authority determines, and the remainder of this Agreement shall be construed to be in full force and effect.

SECTION 9. AMENDMENT. This Agreement shall not be modified or amended except by written agreement duly executed by the parties hereto.

SECTION 10. INTERPRETATION. This Agreement has been negotiated fully between  the parties as an arms length transaction. All Districts participated fully in the preparation of this Agreement. In the case of a dispute concerning the interpretation of any provision of this Agreement, all Districts are deemed to have drafted, chosen and selected the language, and the doubtful language will not be interpreted or construed against any party.

SECTION 11. TIME OF THE ESSENCE. The Districts each agree that time is of the essence of this Agreement.

SECTION 12. NOTICE. Each District shall furnish to the other such notice, as may be required from time to time, pursuant to this Agreement, in writing, posted in the U.S. mail or by hand delivery, or by overnight delivery service and addressed as follows:

To Boggy Creek:	Boggy Creek Improvement District 12051 Corporate Boulevard
Orlando, Florida 32817 Attn: District Manager	
To Myrtle Creek:	Myrtle Creek Improvement District 12051 Corporate Boulevard
Orlando, Florida 32817 Attn: District Manager	
To Greeneway:	Greeneway Improvement District 12051 Corporate Boulevard
Orlando, Florida 32817	

Attn: District Manager

To Poitras East:	Poitras East Community Development District
12051 Corporate Boulevard
Orlando, Florida 32817 Attn: District Manager

Except as otherwise provided in this Agreement, any Notice shall be deemed received only upon actual delivery at the address set forth above. 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. 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.

SECTION 13. EFFECTIVE DATE. This Agreement and the rights conferred herein shall become effective upon filing with the Clerk of the Circuit Court of Orange County, Florida, in accordance with the requirements of Section 163.01(11), Florida Statutes.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

IN WITNESS WHEREOF the undersigned set their hands as of the 	day of October,
2020.

Attest:	BOGGY CREEK IMPROVEMENT DISTRICT

Secretary/Assistant Secretary	Richard Levey
Chairman, Board of Supervisors

STATE OF FLORIDA COUNTY OF  	

The foregoing instrument was acknowledged before me by means of  physical presence or  online notarization, this             day of 	, 2020, by Richard Levey, as Chairman of the Board of Supervisors of Boggy Creek Improvement District, who appeared before me this day in person, and who is either personally known to me, or produced
 	 as identification.

NOTARY PUBLIC, STATE OF FLORIDA (NOTARY SEAL)	Name: 	
(Name of Notary Public, Printed, Stamped or Typed as Commissioned)

			
Secretary/Assistant Secretary		Bob da Silva	
		Chairman, Board of Supervisors	
STATE OF FLORIDA			
COUNTY OF  				

The foregoing instrument was acknowledged before me by means of  physical presence or  online notarization, this            day of 	, 2020, by Bob da Silva, as Chairman of the Board of Supervisors of Myrtle Creek Improvement District, who appeared before me this day in person, and who is either personally known to me, or produced
 	 as identification.

NOTARY PUBLIC, STATE OF FLORIDA (NOTARY SEAL)	Name: 	
(Name of Notary Public, Printed, Stamped or Typed as Commissioned)

			
Secretary/Assistant Secretary		Richard Levey	
		Chairman, Board of Supervisors	
STATE OF FLORIDA			
COUNTY OF  				

The foregoing instrument was acknowledged before me by means of  physical presence or  online notarization, this             day of 	, 2020, by Richard Levey, as Chairman of the Board of Supervisors of Greeneway Improvement District, who appeared before me this day in person, and who is either personally known to me, or produced
 	 as identification.

NOTARY PUBLIC, STATE OF FLORIDA (NOTARY SEAL)	Name: 	
(Name of Notary Public, Printed, Stamped or Typed as Commissioned)

DISTRICT

			
Secretary/Assistant Secretary		Richard Levey	
		Chairman, Board of Supervisors	
STATE OF FLORIDA			
COUNTY OF  				

The foregoing instrument was acknowledged before me by means of  physical presence or  online notarization, this             day of 	, 2020, by Richard Levey, as Chairman of the Board of Supervisors of Poitras East Community Development District, who appeared before me this day in person, and who is either personally known to me, or produced
 	 as identification.

NOTARY PUBLIC, STATE OF FLORIDA (NOTARY SEAL)	Name: 	
(Name of Notary Public, Printed, Stamped or Typed as Commissioned)

Exhibit A: LAM Network Map
Exhibit B: LAMN Methodology

BOGGY CREEK IMPROVEMENT DISTRICT

Second Amended and Restated Engineer’s Report for Capital Improvements for Infrastructure

SECOND AMENDED AND RESTATED ENGINEER’S REPORT FOR
CAPITAL IMPROVEMENTS FOR INFRASTRUCTURE

BOGGY CREEK IMPROVEMENT DISTRICT

May 1, 2018
Adopted June 19, 2018
Revised August 12, 2020
Revised October 20, 2020

FOR

BOGGY CREEK IMPROVEMENT DISTRICT ORLANDO, FLORIDA

BY:

DONALD W. McINTOSH ASSOCIATES, INC.
2200 PARK AVENUE NORTH WINTER PARK, FL 32789

BOGGY CREEK IMPROVEMENT DISTRICT
SECOND AMENDED AND RESTATED CAPITAL IMPROVEMENTS FOR INFRASTRUCTURE

BACKGROUND

The Boggy Creek Improvement District (the “District”) is one of three Improvement Districts (including the Myrtle Creek Improvement District and the Greeneway Improvement District) which together form a Master Planned community known as Lake Nona. This report is intended to amend  and restate that Amended and Restated Engineers Report for Capital Improvements for Infrastructure dated March 18, 2013.

The Boggy Creek Improvement District is located on approximately 1,126 acres. Lake Nona Land Company, LLC (the “Developer”) currently owns a majority of the property and will act as the Master Developer of the Development as defined herein. The Boggy Creek Improvement District previously completed several master infrastructure improvements including Veterans Way (fka Road “E”), Medical City Drive (fka Road “L”), Humboldt Drive (fka Road “N”), Laureate Parkway (fka Road “Q”) and Lake Nona Boulevard (fka Road “B”) which have all been dedicated to the City of Orlando. The District has been created as a unit of special purpose government to finance, operate and maintain certain public infrastructure improvements described herein. This Report has been prepared at the request of the District.

The District site is generally located east of Boggy Creek Road, north and south of State Road 417 (the “Central Florida Greeneway”), west of Narcoossee Road, and generally north of the Orange County/Osceola County line in the City of Orlando, Florida. The lands within the District are currently part of the existing Lake Nona Planned Development approved by the City of

Orlando at a City Council meeting. As represented by the Developer, the City-approved Planned Development Program for lands within the District now includes development of 4,607,302 square feet (sq. ft.) of retail development; 3,851,881 sq. ft. of  hospital/office  development;  5,460,204  sq. ft. of research and development; 1,995 hotel rooms; and 1,189 seats of restaurant use along with civic facilities and other community facilities (churches, library, etc.) (the “Development”).

This Report includes a summary of the major capital infrastructure improvements previously completed (the “Series 2010 Bond Improvements”), recently completed or committed (the “Series 2013 Bond Improvements”), planned within the near term (“Series 2018 Bond Improvements”), and future planned infrastructure improvements proposed by the District. This Report also adjusts the Capital Improvement Plan budget with the currently contemplated but remaining to be completed improvements.

The District previously received Bond financing through a Series 2010 Bond issue and a Series 2013 Bond issue, which completed the necessary infrastructure depicted in the attached plan labeled Exhibit “A,” plan sheet 1 of 3 and titled “Boggy Creek Improvement District Previously Funded Improvements.” It is the intent of the District to undertake a bond issue to finance certain near-term improvements within the District. These improvements are identified and described herein and depicted on the attached Exhibit “A,” plan sheet 2 of 3 and entitled “Boggy Creek Improvement District 2018 Improvements.” Exhibit “A” plan sheet 3 of 3, entitled “Boggy Creek Improvement District Future Improvements,” has been revised in this Report to depict the balance of the currently contemplated infrastructure improvements yet to be completed. Two additional small but important pieces of necessary public infrastructure have been added to the infrastructure

development program included herein, being the southerly extension of Medical City Drive (2018 improvement) and an additional connection between Laureate Parkway and Lake Nona Boulevard (future improvement). In addition, the ultimate four (4) laning of a potential western extension of Laureate Boulevard has been removed from the program.

The Developer may pursue approvals of additional entitlements for the project. If additional entitlements are approved, the District may pursue design, construction and installation of additional infrastructure improvements and bond financing necessary to support the additional entitlements.

The Boggy Creek Improvement District had previously submitted and received approval of a petition to amend its District boundaries to the City of Orlando, Florida. The capital improvements included herein reflect those improvements currently proposed within the currently approved District boundary.

All of the approximately 1,126 gross acres of property are initially considered developable areas. Roadway rights-of-way, stormwater facilities, sanitary sewer lift stations and other public improvements are included within this acreage. Minor revisions to the currently contemplated development program can be implemented if consistent with the City-approved Planned Development Program. Ultimate build-out is presently expected to occur over a fifteen (15) year period.

This Second Amended and Restated Engineer’s Report for Capital Improvements has been prepared to assist with the financing of the capital improvements which have been or are currently contemplated to be constructed, acquired and/or installed for the development by the District. It

also presents the latest plan for infrastructure required to support the continuing development of the District.

The capital improvements reflected in this Report represent the present intentions of the Developer and the District. The implementation of some of the improvements discussed in this plan will require final approval by many regulatory and permitting agencies, including the City of Orlando and the Central Florida Expressway Authority. The actual improvements may vary from the capital improvements in this Report. This Report, therefore, may be amended from time to time.

Cost estimates contained in this Report have been prepared based on the best available information at this time. The actual costs of construction, final engineering design, planning, approvals and permitting may vary from the cost estimates presented. It is expected that if any additional bonds are issued to fund new infrastructure, an amended Completion Agreement will be required to be executed by the Master Developer for any of the District’s Capital Improvement Plan not funded by Bonds.

OBJECTIVE

This Second Amended and Restated Engineer’s Report for Capital Improvements has been prepared to assist with the financing and construction of various public infrastructure required to continue the logical progression of development and provide safe and adequate access, utilities, parks, etc. within the Boggy Creek Improvement District. This Report presents a narrative description of the major components included within the infrastructure systems and presents Amended and Restated Engineer’s estimates of costs for completing the District-related improvements to support the development project.

EXISTING DISTRICT ACTIVITIES

Development activity within the District has been underway since January 2004.

At this point in time, the District has constructed Lake Nona Boulevard (fka Road “B”), Veterans Way (fka Road “E”), two lanes of Medical City Drive (fka Road “L”), Humboldt Drive (fka Road “N”) and two lanes of Laureate Boulevard (fka Road “Q”). To date, the District has constructed approximately $55,000,000.00 worth of improvements for these facilities, including right-of-way acquisition and soft costs.

The Boggy Creek Improvement District had previously entered into agreements with the Greeneway and Myrtle Creek Improvement Districts to assist with the funding of a major roadway interchange project on State Road 417 (the “Central Florida Greeneway”) needed to serve the project. Each of the Districts shares in the cost of the interchange. The portions attributable to each District are estimated at 32.5% to the Boggy Creek Improvement District, 36.0% to the Greeneway Improvement District and 31.5% to the Myrtle Creek Improvement District. These interchange improvements were completed by the Developer and acquired at completion by the District(s).

All of the aforementioned improvements, with the exception of landscape, hardscape and irrigation improvements, have been dedicated to the applicable governmental or jurisdictional agency for operation and maintenance.

TRANSPORTATION IMPROVEMENTS

As outlined in the Lake Nona Planned Development Ordinance, a series of roadway improvements are required to develop the project. The primary roadway improvements currently proposed include approximately thirty-seven thousand seven hundred (37,700) linear feet of roads and will define the major ingress and egress points throughout the development as well as serve as the collector and arterial roads to support existing and future development.

The roadways included in the primary infrastructure include the major boulevards or “framework roadways” necessary to provide safe and adequate access to the lands within the District. A graphic depiction of these primary roadways is set forth in the three plan sheets in Exhibit “A”. In addition, two recently completed roadway improvements outside of the District boundary but deemed necessary public infrastructure improvements for the District included intersection improvements at the intersection of Lake Nona Boulevard and Boggy Creek Road and the realignment of a portion of Lake Nona Boulevard lying west of Boggy Creek Road (fka Beacon Park Boulevard). These improvements were completed with the help of a
$2,200,000.00 Construction Reimbursement Agreement with Orange County. The funds recovered from Orange County were previously deposited into the Series 2013 Capital account and are therefore reflected in the estimates later presented herein.

All roads will be accessible by the public and are proposed to be constructed utilizing at least two lanes of asphalt concrete surface, some with on-street parking and bicycle lanes included therein, and completed with curb sections and sidewalks. An allowance for traffic signalization is also included. All roads will be landscaped with selected roads having landscaped medians. The

estimated costs of landscape/hardscape and irrigation are included in the roadway line items of the estimate that follows.

In addition to roadways, the District also intends to undertake improvements that will facilitate enhanced and/or alternative mobility solutions, including but not limited to shared mobility lanes, dedicated rights-of-way, recovery zones for user equipment repairs, rest and hydration, a head-end mobility hub, sheltered waiting areas, upgrading of existing pedestrian and bicycle paths, naturally shaded and streetscaped environments, wayfinding, etc.

The   Developer   has   obtained   approval   for   funding   under   the   BUILD Transportation Discretionary Grant program, which may help to offset some costs that would normally be expected to be borne by the District; however, the potential effect of BUILD Grant funding has not been factored into the estimated costs included in this report. The Developer is also  pursuing potential transportation impact fee credits that may be available to offset the costs of transportation infrastructure; however, the applicability and amount are uncertain so they have not been factored into the estimated infrastructure costs included in this report.

An allowance has been included to acquire the right-of-way required to construct the necessary roadway improvements. The actual value of the right- of-way has been approved by the District based on a Board of Supervisor- approved appraisal prior to acquisition. The District’s monetary cost for right- of-way had previously been set at $75,000.00 per acre, which is significantly less than the appraised value, and is therefore utilized for the estimates presented herein.

POTABLE WATER, RECLAIMED WATER & SANITARY SEWER FACILITIES

The project’s potable water distribution system will include a series of interconnected and looped water mains that run from the northeast corner of the developed property connected to an extension of the major distribution system from the existing Orlando Utilities Commission Water Treatment Plant, through all of the primary roadway corridors hereinbefore described  and connecting to the extreme boundaries of the property in all directions.  The potable water distribution system will serve as a source for distributing potable water and fire protection water to the Development within the project. Contemplated with the added improvement of an extension of Medical City Drive, the Developer has requested the District construct a water main extension to the southerly limits of the roadway for future extension, the cost of which is included herein.

The project’s reclaimed water distribution system will include a series of interconnected and looped reclaimed water mains that run from the northeast corner of the developed property connected to an extension of the major distribution system from the existing City of Orlando Conserv II reclaimed water system. Like the potable water mains, the reclaimed water mains will run through all of the primary roadway corridors hereinbefore described and connect to the extreme boundaries of the property in all directions. The reclaimed water distribution system will serve as a source for distributing non- potable (irrigation) water to the Development within the project. The District will only fund the operating cost of providing reclaimed water to District- owned common areas. Contemplated with the added improvement of an extension of Medical City Drive, the Developer has requested the District construct a reclaimed water main extension to the southerly limits of the roadway for future extension, the cost of which is included herein.

The project’s sanitary sewer system includes a network of gravity collection systems, wastewater lift stations, and sanitary force mains connecting to existing facilities located on the northeast portion of the project adjacent the Central Florida Greeneway that are currently owned and operated by the City of Orlando (Lift Station 139). These sanitary sewer facilities will act as the collection, transmission and distribution systems for development of the project. All sanitary sewer collection and transmission facilities will be constructed within the primary roadway infrastructure identified in Exhibit “A”.

This Second Amended and Restated Engineer's Report includes a significant wastewater improvement including the complete construction of a new Master Lift Station and crossing State Road 417 (the Central Florida Greeneway)  with a major sanitary force main proposed to be connected to the City's regional Lift Station No. 139. The Developer has successfully completed negotiating a Wastewater Reimbursement Credit Agreement with the City of Orlando that will provide up to $714,614.00 in wastewater connection fee credits for constructing the improvements currently proposed. Therefore, if  the District funds these improvements as expected, the District will receive these credits. We have therefore noted this potential reimbursement in the  cost estimates. Contemplated with the added improvement of an extension of Medical City Drive, the Developer has requested the District construct a casing to accommodate a future sanitary force main extension to the southerly limits of the roadway, the cost of which is included herein.

ELECTRICAL DUCT BANK AND STREET LIGHT CONDUITS

The infrastructure roadway corridors include a plastic pipe duct bank and street lighting conduit system. This duct bank and conduit system will enable the efficient distribution of electric power to the development and the street light network. The proposed duct bank and conduit system will run within the rights-of-way or easements established for the roadway corridors and be placed as part of the initial roadway construction to significantly limit the amount of disruption required to provide these needed services to the development project as construction progresses. Offsite connections to the Orlando Utilities Commission transmission facilities will occur around the project boundary at strategic locations. The District may finance the cost of undergrounding such facilities, as well as the proposed upgrade from standard street lighting fixtures and poles.

STORMWATER MANAGEMENT FACILITIES

To enable development of the public infrastructure improvements required for the development project, a site-wide master stormwater management facility has been and will continue to be implemented. This master stormwater management system consists of a series of surface water retention/detention ponds enabling treatment and attenuation of stormwater runoff from the developed improvements. To date, the Developer has funded all of the mass excavation and grading associated with constructing the master lake system and filling the project for development. In addition, a series of interconnected stormwater management facilities (roadway inlets, collector pipes, manholes, etc.) constructed within the proposed infrastructure roadways connects and will connect the development roadway systems and other surrounding development to the master stormwater management system. The entire

stormwater management system also includes a series of special control structures, pipes, weirs, and necessary flow diversion structures in accordance with the regulatory criteria established and mandated by the South Florida Water Management District and the City of Orlando.

At this time, with the exception of the four (4) stormwater management system ponds immediately adjacent to the State Road 417 interchange, it is currently anticipated that the Developer will retain ownership of the stormwater management area tracts required to construct the necessary improvements. As such, the District will not be required to pay for constructing the stormwater retention and detention ponds related to the Development and therefore no costs for constructing the same are included herein. The costs of grading the roadways constructed by the District will be borne by the District.

DESIGN / PERMITTING AND CONTINGENCY

Design costs associated with each of the improvements hereinbefore described have been estimated and included in the estimates that follow. Other soft  costs include portions of the surveying, design and engineering for all of the described work, regulatory permitting, environmental consulting and materials testing. Some as-built surveying and observation during construction will be required to assure the site is constructed as designed and maintained in a safe and secure manner until sufficient infrastructure is in place to allow for local dedication to the appropriate jurisdictional or regulatory agency. A typical project contingency estimate of approximately 10% has also been included.

CONSTRUCTION SCHEDULE

It is our opinion that the Series 2018 Bond Improvements included in the Capital Improvement Program can be completed within approximately 24 to 36 months from the date of this Report.

COST ESTIMATES FOR DEVELOPMENT IMPROVEMENTS

A summary of the Engineer’s estimated construction costs is included  in Table 1. A listing of the entity expected to receive the dedication of various improvements with the responsibility for operation and maintenance is included in Table 2.

The estimated construction costs identified in this Report represent only those facilities to be designed, constructed, and/or installed by the District and have been prepared based upon the best available information; however, costs will vary based on final engineering, planning and approvals from regulatory agencies.

In our opinion, the estimated costs identified herein are reasonable and sufficient for the design, construction and/or installation of the project.

Table 1
ENGINEER'S OPINION OF PROBABLE COST BOGGY CREEK IMPROVEMENT DISTRICT SUPPLEMENTAL ENGINEER’S REPORT SUMMARY May 1, 2018

Previously Funded	Previously Funded	Series 2018 Bond	Proposed Future		
		Improvements	Improvements	Improvements	Improvements	Total District Capital	
Component	Prior Proceeds (1)	Completed to Date (2)	Variance	Estimated Cost	Estimated Cost	Improvement Plan	
Roadway Construction (3,4,5)	$27,621,000.00	$	27,402,000.00	‐$219,000.00	$11,552,000.00	$9,309,000.00	$48,482,000.00	
Utilities	$6,138,000.00	$	6,006,000.00	‐$132,000.00	$2,201,000.00	$2,110,000.00	$10,449,000.00	
Duct Bank Undergrounding/Street Lights	$4,384,000.00	$	4,129,000.00	‐$255,000.00	$1,513,000.00	$1,073,000.00	$6,970,000.00	
City of Orlando Wastewater Credit	$0.00		$0.00	$0.00	‐$714,600.00	$0.00	‐$714,600.00	
Soft Costs	$5,700,000.00	$	6,201,000.00	$501,000.00	$4,275,000.00	$3,498,000.00	$13,473,000.00	
$43,843,000.00	$43,738,000.00	‐$105,000.00	$18,826,400.00	$15,990,000.00	$78,659,400.00

(1) Includes interest and other income as reported by District Manager.
(2) “Previously Funded Improvements Completed to Date” figures are based on requisitions approved as of May 1, 2018, through 2013 Requisition No. 399 (rounded).
(3) Roadway/Stormwater/Landscape components include acquisition of some rights‐of‐way and/or pond tracts, subject to an MAI appraisal and Board approval.
(4) “Stormwater” portion of projects includes roadway collection and transmission systems and master system outfalls.
(5) A series of interconnected multi‐purpose trails /recreation areas are included as part of the overall project’s landscape / hardscape and irrigation plans. The District intends to own and maintain all such improvements.
(6) Improvements identified in the Capital Improvement Plan, whether they are identified within the "Previously Funded Improvements," the "Series 2018 Bond Improvements" or the "Proposed Future Improvements" in the chart above, may be financed with proceeds of any series of Bonds or other available capital, subject to Board approval.

F:\Proj2003\23218\ENGadmin\Prod\Engineer's Report Support\BCID CIP Table 1.xlsx

TABLE 2
BOGGY CREEK IMPROVEMENT DISTRICT DISTRICT CONSTRUCTED SYSTEM-DEDICATION SUMMARY

DISTRICT CONSTRUCTED SYSTEM	
OWNERSHIP	OPERATION AND MAINTENANCE ENTITY	
Public Roadways	City of Orlando	City of Orlando	
Potable Water	Orlando Utilities Commission	Orlando Utilities Commission	
Sanitary Sewer	City of Orlando	City of Orlando	
Reclaimed Water	City of Orlando	City of Orlando	
Stormwater

Duct Bank	District / City of Orlando

Orlando Utilities Commission	District / City of Orlando

Orlando Utilities Commission	
Common Areas	District	District	
Parks and Recreation	City of Orlando / District	City of Orlando / District	

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FY 2020 Audit Engagement Letter
(provided under separate cover)

Requisition Nos. 2018-170 – 2018-173 in September 2020 in an amount totaling $7,151.53

BOGGY CREEK IMPROVEMENT DISTRICT
DISTRICT OFFICE ● 12051 CORPORATE BLVD ● ORLANDO, FL 32817 PHONE: (407) 382-3256 ● FAX: (407) 382-3254

Requisition Recap For Board Approval

Attached please find the listing of requisitions approved to be paid from bond funds from September 1, 2020 through September 30, 2020. This does not include requisitions previously approved by the Board.

REQUISITION NO.	PAYEE	AMOUNT	
2018-170	Donald W. McIntosh Associates	$681.25	
2018-171	Florida Industrial Electric	$5,829.24	
2018-172	Orlando Sentinel	$473.04	
2018-173	Vanasse Hangen Brustlin	$168.00	
		$7,151.53	

EXHIBITD
BOGGY CREEK IMPROVEMENT DISTRICT REQUISITION FOR PAYMENT AND
2018 NOTE REQUISITION AND CONSTRUCTION ACCOUNT

DATE:	September 4, 2020	REQUISITION NO:	2018-170	
PAYEE:	Donald W McIntosh Associates	AMOUNT DUE:	$681.25	
ADDRESS:	2200 Park Avenue North	FUND:	Acquisition/Construction	
	Winter Park, FL 32789			

ITEM:	Invoice 40168 for Proiect 23218 (Lake Nona Bo21ZY Creek) Thromzh 08/14/2020

The undersigned hereby certifies that obligations in the stated amount set forth above have been incurred by the District, that each disbursement set forth above is a proper charge against the 2018 Acquisition and Construction Account, referenced above, that each disbursement set forth above was incurred in connection with the acquisition and the construction of the 2018 Project (herein after the "Project") and each represents a Cost of the Project, and has not previously been paid.

The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the monies payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned hereby further certifies that such requisition contains no item representing payment on account ofany retained percentage, which the District is at the date of such certificate entitled to retain.

It is hereby represented by the undersigned that the Governing Body of the District has approved this requisition or has approved the specific contract with respect to which disbursements pursuant to this requisition are due and payable.

Attached hereto are photocopies of the invoice(s} from the vendor of the property acquired or services rendered with respect to which disbursement is hereby requested.

BOGGY CREEK IMPROVEMENT DISTRICT

-=--  ----=	-=--   =-=-=

BY: :-

=--c:-

-----

--=cH   AIRMAN

,...,----:-

or-V1cE C HAI  ---RMAN:-----

By Amanda Lane at 8:51 am, Sep 11, 2020

DISTRICT ENGINEER'S APPROVAL FOR PROJECT EXPENDITURES
The undersigned District Engineer hereby certifies that this disbursement is for a cost ofthe 2018 Project and is consistent with: (i) the applicable or construction contract; (ii) the plans and specifications for the portion of the 2018 Project with respect to which such disbursement is being made; and, (iii) the report of the District Engineer.
BY:	Jeffrey J Newton g:,s:=:.::11��
DISTRICT ENGINEER

BCID Series 2018 Reg. 170 - Donald W McIntosh Associates	September 4, 2020	Page 1 ofl

EXHIBITD
BOGGY CREEK IMPROVEMENT DISTRICT REQUISITION FOR PAYMENT AND
2018 NOTE REQUISITION AND CONSTRUCTION ACCOUNT

DATE:
PAYEE:	September 4, 2020
Florida Industrial Electric	REQUISITION NO: AMOUNT DUE:	2018-171
$5,829.24	
ADDRESS:	104  Commerce Street
Lake Mary, FL 32746	FUND:	Acquisition/Construction	
 ITEM:		Pa A 	lication #8 For Pro·ect 93005	Lake Nona Blvd Throu	08/25/2020	

The undersigned hereby certifies that obligations in the stated amount set forth above have been incurred by the District, that each disbursement set forth above is a proper charge against the 2018 Acquisition and Construction Account, referenced above, that each disbursement set forth above was incurred in connection with the acquisition and the construction of the 2018 Project (herein after the "Project") and each represents a Cost of the Project, and has not previously been paid.

The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the monies payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage, which the District is at the date of such certificate entitled to retain.

It is hereby represented by the undersigned that the Governing Body of the District has approved this requisition or has approved the specific contract with respect to which disbursements pursuant to this requisition are due and payable.

Attached hereto are photocopies of the invoice(s) from the vendor of the property acquired or services rendered with respect to which disbursement is hereby requested.

BOGGY CREEK IMPROVEMENT DISTRICT

___

BY:		 	
CHAIRMANmVICE CHAIRMAN

DISTRICT ENGINEER'S APPROVAL FOR PROJECT EXPENDITIJRES

The undersigned District Engineer hereby certifies that this disbursement is for a cost of the 2018 Project and is consistent with: (i) the applicable or construction contract; (ii) the plans and specifications for the portion of the 2018 Project with respect to which such disbursement is being made; and, (iii) the report of the District Engineer.

BY:

Jeffrey J Newton
DISTRICT ENGINEER

Digitally signed by Jeffrey J Newton
Date: 2020.09.0710:14:11-04'00'

By Amanda Lane at 8:51 am, Sep 11, 2020

BCID Series 2018 Req. 171 -Florida Industrial E!CQtric	September 4, 2020	Page 1 ofl

EXHIBITD
BOGGY CREEK L\1PROVEMENT DISTRICT REQUISITION FOR PAYMENT AND
2018 NOTE REQUISITION AND CONSTRUCTION ACCOUNT

DATE:	September 18, 2020	REQUISITION NO:	2018-172	
PAYEE:	Orlando Sentinel	AMOUNT DUE:	$473.04	
ADDRESS:	PO Box 100608	FUND:	Acquisition/Construction	
	Atlanta, GA 30384-0608			

ITEM:	Invoice 24964108000 for Reference OSC24964108 (Ad #6741981) for Construction Legal Advertising Through 09/06/2020 (Split Four Ways, Will Be Reimbursed From GID, MCID, PE)

with

The undersigned hereby certifies that obligations in the stated amount set forth above have been incurred by the District, that each disbursement set forth above is a proper charge against the 2018 Acquisition and Construction Account, referenced above, that each disbursement set forth above was incurred in connection the acquisition and the construction of the 2018 Project (herein after the "Project") and each represents a Cost ofthe Project, and has not previously been paid.

The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the monies payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage, which the District is at the date of such certificate entitled to retain.

It is hereby represented by the undersigned that the Governing Body of the District has approved this requisition or has approved the specific contract with respect to which disbursements pursuant to this requisition are due and payable.

Attached hereto are photocopies of the invoice(s) from the vendor of the property acquired or services rendered with respect to which disbursement is hereby requested.

BOGGY CREEK IMPROVEMENT DISTRICT

-------

BY:--	-

---

CHAIRMAN or VICE CHAIR...\1AN

DISTRICT ENGINEER'S APPROVAL FOR PROJECT EXPENDITURES

m7

The undersigned District Engineer hereby certifies that this disbursement is for a cost ofthe 2018 Project and is consistent with: (i) the applicable or construction contract; (ii) the pla	a d specifications for the portion of the

2018 Project with respect to which such disbumment	being
:y

, (iii)  he re    rt   fthe Dis   c  :�•;:
: ;

By Amanda Lane at 5:17 pm, Sep 22, 2020

BCID Series 2018 Reg. 172 - Orlando Sentinel	September I 8, 2020	Page 1 ofl

EXHIBITD
BOGGY CREEK IMPROVEtvIBNT DISTRICT REQUISITION FOR PAYMENT AND
2018 NOTE REQUISITION AND CONSTRUCTION ACCOUNT

DATE:	September 18, 2020	REQUISITION NO:	2018-173	
PAYEE:	Vanasse Hangen Brustlin	AMOUNTDUE:	$168.00	
ADDRESS:	101 Walnut Street
PO Box 9151
Watertown, MA 02471	FUND:	Acquisition/Construction	

ITEM:		Invoice 323493 for Project 63084.04 (Lake Nona Blvd at Helios Blvd. Traffic Signal Design) Through 09/05/2020

The undersigned hereby certifies that obligations in the stated amount set forth above have been incurred by the District, that each disbursement set forth above is a proper charge against the 2018 Acquisition and Construction Account, referenced above, that each disbursement set forth above was incurred in connection with the acquisition and the construction of the 2018 Project (herein after the "Project") and each represents a Cost of the Project, and has not previously been paid.

The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the monies payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage, which the District is at the date of such certificate entitled to retain.

It is hereby represented by the undersigned that the Governing Body of the District has approved this requisition or has approved the specific contract with respect to which disbursements pursuant to this requisition are due and payable.

Attached hereto are photocopies of the invoice(s) from the vendor of the property acquired or services rendered with respect to which disbursement is hereby requested.

BOGGY CREEK IMPROVEMENT DISTRICT

BY: 		__ CHAIRMAN or VICE CHAIRMAN

DISTRICT ENGINEER'S APPROVAL FOR PROJECT EXPENDITURES

The undersigned District Engineer hereby certifies that this disbursement is for a cost ofthe 2018 Project and is consistent with: (i) the applicable or construction contract; (ii) the plans a specificati ns for the portion of the 2018 Project with respect to which such disbursement is being made; and, · · t e report the District Engineer.

BY:

y J. Newton, P.E.

By Amanda Lane at 5:17 pm, Sep 22, 2020

BCID Series 2018 Req. 173 - Vanasse Hangen Brustlin	September 18, 2020	Page I ofl

BOGGY CREEK IMPROVEMENT DISTRICT

Operation and Maintenance Expenditures Paid in September 2020 in an amount totaling $130,374.34

BOGGY CREEK IMPROVEMENT DISTRICT
DISTRICT OFFICE ● 12051 CORPORATE BLVD ● ORLANDO, FL 32817 PHONE: (407) 382-3256 ● FAX: (407) 382-3254

Operation and Maintenance Expenditures For Board Approval

Attached please find the check register listing Operations and Maintenance expenditures paid from September 1, 2020 through September 30, 2020. This does not include expenditures previously approved by the Board.

The total items being presented: $130,374.34

Approval of Expenditures:

 	 Chairman

 	 Vice Chairman

 	 Assistant Secretary

10/14/20	Boggy Creek Improvement District	Page: 1
1:08:20 PM	AP Check Register (Current by Bank)
Check Dates: 9/1/2020 to 9/30/2020

Check No.	Date	Status*	Vendor ID	Payee Name	Amount	
BANK ID: SUN - CITY NATIONAL BANK			001-101-0000-00-01	
3647	09/01/20	P	CEPRA	Cepra Landscape	$21,960.33	
3648	09/08/20	P	AWC	Aquatic Weed Control, Inc.	$835.00	
3649	09/08/20	P	DONMC	Donald W. McIntosh Associates	$500.00	
3650	09/17/20	P	HGS	Hopping Green & Sams	$1,164.00	
3651	09/17/20	P	PFMGC	PFM Group Consulting	$7,500.00	
3652	09/17/20	P	USBANK	U.S. Bank	$5,540.63	
3653	09/17/20	P	VGLOBA	VGlobalTech	$250.00	
3654	09/21/20	P	EGIS	Egis Insurance Advisors LLC	$11,227.00	
3655	09/21/20	P	PFMGC	PFM Group Consulting	$3,173.93	
3656	09/21/20	P	TDM	Tavistock Development Mgmt Co	$1,666.67	
3657	09/22/20	P	DONMC	Donald W. McIntosh Associates	$927.50	
3658	09/25/20	P	VALLEY	BrightView Landscape Services	$1,990.24	
3659	09/25/20	P	CEPRA	Cepra Landscape	$21,431.33	
3660	09/25/20	P	DTE	Down to Earth	$20,200.67	
3661	09/25/20	P	FAC	Fire Ant Control	$1,815.00	
3662	09/25/20	P	RLEVEY	Richard Levey	$200.00	
3663	09/25/20	P	TCZAPK	Thaddeus Czapka	$200.00	
		BANK SUN REGISTER TOTAL:	
$100,582.30	
		GRAND TOTAL :	$100,582.30	

* Check Status Types: "P" - Printed ; "M" - Manual ; "V" - Void ( Void Date ); "A" - Application; "E" - EFT
** Denotes broken check sequence.

By Amanda Lane at 4:29 pm, Aug 10, 2020

Payment Authorization #461

817/2020

Item	

Payee	

Invoice	

General	
No.		Number	Fund	

1	
Aquatic Weed Control			
	August Waterway Service	50084	$	835.00	
2	Berman Construction			
	Interchange Controller 10 Flow Sensor Repairs	7738	$	6,694.40	
	Interchange Clock 8 Repairs	7739	$	306.50	
	Interchange Check Column Lights Timer/Photocell	7740	$	99.98	
3	Cepra Landscape			
	August Maintenance, Sections 1, 2, Helios, Centerline	18138	$ 21,960.33	
	Controller 30 Repairs	18280	$	156.00	
4	Down to Earth			
	Interchange Clock 8 Repairs	71817	$	555.00	
5	Hopping Green & Sams			
	General Counrel Through 06/30/2020	116172	$	2,402.00	
6	ouc			
	Acct: 2562183178 ; Service 07/01/2020- 08/03/2020		$	8,028.29	

TOTAL	$ 41,037.50

Secretary/Assistant Secretary	Chairperson

Construction Funding Request #015	
8/14/2020					
Item	Payee	Invoice	General	
No.		Number		Fund	

1	
Donald W McIntosh Associates				
	BUILD Grant Assistance Through 07/17/2020	40065	$	927.50	

TOTAL	$	927.50

Boggy Creek Improvement District c/o PFM Group Consulting
12051 Corporate Boulevard
Orlando, FL 32817
(407) 723-5900
LaneA@pfm.com

Amanda Lane

From:	Larry Kaufmann <lkaufmann@tavistock.com>
Sent:	Friday, August 14, 2020 3:05 PM
To:	Amanda Lane; AccountsPayable; Damon Ventura
Subject:	RE: Boggy Creek - FR #15
Attachments:	BCID FR #015.pdf

EXTERNAL EMAIL: Use care with links and attachments.

BCID Funding Req. #015 is approved for processing.

KDS
Kaufmann Development Services, LLC Larry Kaufmann
(407) 448-6592
lkaufmann@tavistock.com

From: Amanda Lane <lanea@pfm.com>
Sent: Friday, August 14, 2020 2:28 PM
To: AccountsPayable <accountspayable@tavistock.com>; Damon Ventura <dventura@tavistock.com>
Cc: Larry Kaufmann <lkaufmann@tavistock.com>
Subject: Boggy Creek - FR #15

EXTERNAL E-MAIL
Please see attached for Boggy Creek FR #15 for $927.50. Amanda Lane
Assistant Chief District Accountant

PFM Group Consulting LLC LaneA@pfm.com | web pfm.com
phone 407.723.5900 (direct phone 407.723.5925) | fax 407.723.5901 12051 Corporate Blvd. | Orlando, FL 32817

1

By Amanda Lane at 8:33 am, Sep 08, 2020

Payment Authorization #464

9/4/2020

Item	

Payee	

Invoice	

General	
No.		Number	Fund	

1	
Aquatic Weed Control
September Waterway Service	

50488	

$	835.00	
2	Donald W McIntosh Assoc iates
Engineering Services Through 08/14/2020	

40167	
$	500.00	

3	ouc			
	Acct: 2562183178 ; Service 08/03/2020 - 09/01/2020		$	7,265.37	

TOTAL	$	8,600.37

Secretary/Assistant Secretary	Chairperson

Payment Authorization #465
9/11/2020

Item
No.	Payee	Invoice
Number	General
Fund	Fiscal
Year	

1	
Cepra Landscape
September Maintenance, Sections 1, 2, Helios	

19093	

$ 21,431.33	

FY 2020	
2	Down to Earth
September Interchange Landscaping	
74572	
$ 20,200.67	

FY 2020	
3	Hopping Green & Sams				
	General Counsel Through 07/31/2020	116778	$	1,164.00	FY2020	
4	PFM Group Consulting				
	FY 2021 Tax Roll Preparation and Submission	FY21-TR-0004	$	7,500.00	 	FY2021		
5	US Bank				
	FY 2020 Trustee Services: 08/01/2020 - 09/30/2020	5852794	$	925.97	FY2020	
	FY 2021 Trustee Services: 10/01/2020 - 07/31/2021	5852794	$	4,614.66	FY2021	

6	
VGlobalTech				
	ADA Website Maintenance: August	1814	$	125.00	FY2020	
	ADA Website Maintenance: September	1869	$	125.00	FY2020	

TOTAL	$ 56,086.63		
	43,971.97	FY2020	
	12,114.66	FY2021	

Secretary/ Assistant Secretary	Chairperson

By Amanda Lane at 4:50 pm, Sep 16, 2020

(,

By Amanda Lane at 12:32 pm, Sep 19, 2020

Payment Authorization #466
9/18/2020

Item
No.	Payee	Invoice
Number	General
Fund	Fiscal
Year	

1	
Egis Insurance & Risk Advisors				
	FY 2021 Insurance	11606	$ 11,227.00	 	FY2021		
2	PFM Group Consulting				
	DM Fee: September 2020	DM-09-2020-0006	$	3,125.00	FY2020	
	FedEx: April 2020	OE-EXP-00825	$	9.43	FY2020	
	FedEx: May 2020	OE-EXP-00885	$	4.34	FY 2020	
	Postage: July 2020	OE-EXP-00997	$	18.72	FY2020	
	Reimbursables: August 2020	OE-EXP-01052	$	16.44	FY2020	
3	Tavistock Development Management				
	September Irrigation Specialist Services	B2020.09	$	1,666.67	FY 2020	

TOTAL	$ 16,067.60		
	4,840.60	FY 2020	
	11,227.00	FY2021	

Secretary/ Assistant Secretary	Chairperson

By Amanda Lane at 3:56 pm, Sep 25, 2020

Payment Authorization #467
9/25/2020

Item No.	Payee	Invoice
Number	General
Fund	Fiscal
Year	

1	
BrightView Landscape Services
Loop Road Irrigation Repairs	

6823228	

$	346.48	

FY 2020	
	Loop Road Repairs	6823229	$	475.89	FY 2020	
	Loop Road Repairs	6823230	$	423.90	FY2020	
	Zone 23 Mainline Repair	6823231	$	743.97	FY 2020	
2	Fire Ant Control				
	Fire Ant Control	11641	$	1,510.00	FY 2020	
	Interchange Fire Ant Control	11643	$	305.00	FY 2020	
3	Supervisor Fees -09/21/2020 Meeting				
	Richard Levey		$	200.00	FY 2026	
	Thad Czapka		$	200.00	FY 2020	

TOTAL	$	4,205.24
4,205.24	FY 2020 I FY 2021 _

Secretary/Assistant Secretary	Chairperson

Work Authorizations/Proposed Services
(if applicable)

District’s Financial Position and Budget to Actual YTD

Statement of Financial Position As of 9/30/2020

$0.00

$6,232,243.56 66,852,756.44
$73,085,000.00

$73,085,000.00		$112,440.84
1,298.45
339.11
744.75
14,614.61
25,070.15
4,550.00
40,354.60
4,720.17
3,951,512.50
1,006,132.77
1,271,355.46
3,242.83
13,129.27
21,296.35
490.79
591.30
$6,471,883.95

$6,232,243.56 66,852,756.44
$73,085,000.00

$79,556,883.95	

$0.00

$73,085,000.00
$73,085,000.00

$73,085,000.00		

$9,569.99 744.75
188.00
$10,502.74

$73,085,000.00
$73,085,000.00

$73,095,502.74	

$0.00

$73,085,000.00		

$70,670.30 (82,749.58)
205,897.22

(3,271,564.88)
1,429,774.41

8,074,034.03
(22,384,631.35)
(5,148,116.24)
871,091.14

26,696,976.16
$6,461,381.21

$79,556,883.95	

Current Assets

Capital Projects

General Long-	Total Term Debt

General Checking Account		
State Board of Administration		
Accounts Receivable		
Accounts Receivable - Due from Developer		
Due From Other Governmental Units		
Prepaid Expenses		
Deposits		
Infrastructure Capital Reserve		
Interchange Maintenance Reserve		
Debt Service Reserve Series 2013		
Debt Service Reserve Series 2018		
Revenue Series 2013		
Interest Series 2018		
General Checking Account			$13,129.27	
Acquisition/Construction Series 2013			21,296.35	
Acquisition/Construction Series 2018			490.79	
Due From Other Governmental Units			591.30	
Total Current Assets			$35,507.71	

 	 

General		Debt Service	

Assets	

$112,440.84			
1,298.45			
339.11			
744.75			
14,614.61			
25,070.15			
4,550.00			
40,354.60			
4,720.17			
		$3,951,512.50	
		1,006,132.77	
		1,271,355.46	
		3,242.83	
$204,132.68		$6,232,243.56	

Investments
Amount Available in Debt Service Funds Amount To Be Provided
Total Investments

Total Assets

 	
$0.00	$0.00

 	
$204,132.68	$6,232,243.56

Liabilities and Net Assets

$0.00

$35,507.71

Current Liabilities			
Accounts Payable	$9,569.99		
Deferred Revenue Accounts Payable	744.75				
$188.00	
Total Current Liabilities	$10,314.74		$0.00		$188.00	

Long Term Liabilities
Revenue Bonds Payable - Long-Term						

 	 

Total Long Term Liabilities

Total Liabilities

Net Assets
Net Assets, Unrestricted
Net Assets - General Government
Current Year Net Assets - General Government

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Net Assets - General Government Net Assets, Unrestricted
Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Net Assets - General Government
Total Net Assets

Total Liabilities and Net Assets

$0.00

$188.00

$0.00		$0.00	
$10,314.74		$0.00	

$70,670.30 (82,749.58)
205,897.22		

($3,271,564.88) 1,429,774.41
8,074,034.03	
$193,817.94

$204,132.68		$6,232,243.56

$6,232,243.56	

($22,384,631.35)
(5,148,116.24)
871,091.14

26,696,976.16

$35,319.71

  	 
$35,507.71

	General	Debt Service	Capital Projects	General Long- Term Debt	Total	

Revenues						
Off-Roll Assessments	$920,455.47				$920,455.47	
Developer Contributions	7,875.50				7,875.50	
Other Income & Other Financing Sources	339.11				339.11	
Off-Roll Assessments		$83,723.52			83,723.52	
Other Assessments		5,176,109.52			5,176,109.52	
Inter-Fund Group Transfers In		(5,823.22)			(5,823.22)	
Debt Proceeds		664,632.27			664,632.27	
Other Income & Other Financing Sources			$122,998.44		122,998.44	
Inter-Fund Transfers In			5,823.22		5,823.22	
Debt Proceeds			1,328,637.74		1,328,637.74	
Total Revenues	

$928,670.08	

$5,918,642.09	

$1,457,459.40	

$0.00	

$8,304,771.57	
Expenses						
Supervisor Fees	$5,200.00				$5,200.00	
Public Officials' Liability Insurance	3,331.00				3,331.00	
Trustee Services	7,256.29				7,256.29	
Management	37,500.00				37,500.00	
Engineering	12,166.25				12,166.25	
Dissemination Agent	5,000.00				5,000.00	
District Counsel	18,343.31				18,343.31	
Assessment Administration	7,500.00				7,500.00	
Audit	6,000.00				6,000.00	
Travel and Per Diem	39.75				39.75	
Postage & Shipping	183.47				183.47	
Legal Advertising	5,094.44				5,094.44	
Miscellaneous	200.08				200.08	
Web Site Maintenance	3,830.00				3,830.00	
Holiday Decorations	372.00				372.00	
Dues, Licenses, and Fees	175.00				175.00	
Electric	4,511.66				4,511.66	
Water Reclaimed	30,450.06				30,450.06	
General Insurance	3,779.00				3,779.00	
Property & Casualty	3,422.00				3,422.00	
Irrigation Parts	60,204.27				60,204.27	
Landscaping Maintenance & Material	241,116.26				241,116.26	
Landscape Improvements	57,318.00				57,318.00	
Tree Trimming	8,160.00				8,160.00	
Contingency	712.75				712.75	

General	Debt Service		Capital Projects

General Long- Term Debt

Total

IME - Aquatics Maintenance	3,256.44								3,256.44	
IME - Irrigation	6,068.01								6,068.01	
IME - Landscaping	81,672.70								81,672.70	
IME - Lighting	16,960.24								16,960.24	
IME - Miscellaneous	3,652.99								3,652.99	
IME - Water Reclaimed	577.19								577.19	
Pest Control	3,020.00								3,020.00	
Entry and Wall Maintenance	5,000.00								5,000.00	
Streetlights	60,809.90								60,809.90	
Personnel Leasing Agreement	20,000.04								20,000.04	
Principal Payment			$1,450,000.00						1,450,000.00	
Interest Payments			3,043,844.70						3,043,844.70	
Engineering					$27,591.37				27,591.37	
District Counsel					6,364.99				6,364.99	
Legal Advertising					1,129.46				1,129.46	
Contingency					551,337.28				551,337.28	
Total Expenses	$722,883.10		$4,493,844.70		$586,423.10		$0.00		$5,803,150.90	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$110.24								$110.24	
Interest Income			$4,977.02						4,977.02	
Interest Income					$54.84				54.84	
Total Other Revenues (Expenses) & Gains (Losses)	$110.24		$4,977.02		$54.84		$0.00		$5,142.10	

Change In Net Assets	$205,897.22		$1,429,774.41		$871,091.14		$0.00		$2,506,762.77	

Net Assets At Beginning Of Year	
($12,079.28)		
$4,802,469.15		
($835,771.43)		
$0.00		
$3,954,618.44	

Net Assets At End Of Year	

$193,817.94		

$6,232,243.56		

$35,319.71		

$0.00		

$6,461,381.21	

Boggy Creek Improvement District
Budget to Actual
For the Month Ending 09/30/2020	

Actual	

Budget		

Variance	
FY 2020
Adopted Budget	

Revenues
Off-Roll Assessments Developer Contributions
Other Income & Other Financing Sources
Net Revenues
General & Administrative Expenses Legislative
Supervisor Fees
Financial & Administrative
Public Officials' Liability Insurance Trustee Services
Management Engineering Dissemination Agent District Counsel
Assessment Administration Reamortization Schedules Audit
Arbitrage Calculation Travel and Per Diem Telephone
Postage & Shipping Copies
Legal Advertising Miscellaneous Property Taxes
Web Site Maintenance Holiday Decorations Dues, Licenses, and Fees
Total General & Administrative Expenses	

$	920,455.47	$	920,455.45
7,875.50	-
339.11	-
$	928,670.08	$	920,455.45

$	5,200.00	$	7,200.00

3,331.00	3,500.00
7,256.29	2,700.00
37,500.00	37,500.00
12,166.25	10,000.00
5,000.00	5,000.00
18,343.31	30,000.00
7,500.00	7,500.00
-	250.00
6,000.00	6,500.00
-	1,200.00
39.75	350.00
-	350.00
183.47	500.00
-	2,500.00
5,094.44	6,000.00
200.08	3,000.00
-	500.00
3,830.00	2,700.00
372.00	1,000.00
175.00	175.00
$	112,191.59	$	128,425.00	

$

$

$

$	

0.02
7,875.50
339.11
8,214.63

(2,000.00)

(169.00)
4,556.29
- 2,166.25
- (11,656.69)
- (250.00)
(500.00)
(1,200.00)
(310.25)
(350.00)
(316.53)
(2,500.00)
(905.56)
(2,799.92)
(500.00)
1,130.00
(628.00)
-
(16,233.41)	

$	920,455.45
-
-
$	920,455.45

$	7,200.00

3,500.00
2,700.00
37,500.00
10,000.00
5,000.00
30,000.00
7,500.00
250.00
6,500.00
1,200.00
350.00
350.00
500.00
2,500.00
6,000.00
3,000.00
500.00
2,700.00
1,000.00
175.00
$	128,425.00	

Boggy Creek Improvement District
Budget to Actual
For the Month Ending 09/30/2020

Actual	Budget	Variance

FY 2020
Adopted Budget

Field Operations Expenses									
Electric Utility Services									
Electric	$	4,511.66	$	2,000.00	$	2,511.66	$	2,000.00	
Entry Lighting		-		500.00		(500.00)		500.00	
Water-Sewer Combination Services									
Water Reclaimed		30,450.06		45,000.00		(14,549.94)		45,000.00	
Other Physical Environment									
General Insurance		3,779.00		4,050.00		(271.00)		4,050.00	
Property & Casualty		3,422.00		3,500.00		(78.00)		3,500.00	
Other Insurance		-		500.00		(500.00)		500.00	
Irrigation Repairs		60,204.27		30,000.00		30,204.27		30,000.00	
Landscaping Maintenance & Material		241,116.26		253,393.50		(12,277.24)		253,393.50	
Landscape Improvements		16,153.00		55,000.00		(38,847.00)		55,000.00	
Other Landscape Maintenance		41,165.00		62,857.60		(21,692.60)		62,857.60	
Tree Trimming		8,160.00		40,000.00		(31,840.00)		40,000.00	
Contingency		712.75		20,000.00		(19,287.25)		20,000.00	
Pest Control		3,020.00		-		3,020.00		-	
Hurricane Cleanup		-		20,000.00		(20,000.00)		20,000.00	
Interchange Maintenance Expenses									
IME - Aquatics Maintenance		3,256.44		3,445.00		(188.56)		3,445.00	
IME - Irrigation Repair		6,068.01		9,750.00		(3,681.99)		9,750.00	
IME - Landscaping		81,672.70		78,717.60		2,955.10		78,717.60	
IME - Lighting		16,960.24		20,000.00		(3,039.76)		20,000.00	
IME - Miscellaneous		3,652.99		1,499.88		2,153.11		1,499.88	
IME - Water Reclaimed		577.19		3,000.00		(2,422.81)		3,000.00	
Road & Street Facilities									
Entry and Wall Maintenance		5,000.00		10,000.00		(5,000.00)		10,000.00	
Streetlights		60,809.90		86,390.20		(25,580.30)		86,390.20	
Parks & Recreation									
Personnel Leasing Agreement		20,000.04		20,000.00		0.04		20,000.00	
Reserves									
Infrastructure Capital Reserve		20,166.67		20,166.67		-		20,166.67	
Interchange Maintenance Reserve		2,360.00		2,360.00		-		2,360.00	
Total Field Operations Expenses	$	633,218.18	$	792,130.45	$	(158,912.27)	$	792,130.45	

Total Expenses	
$	
745,409.77	
$	
920,555.45	
$	
(175,145.68)	
$	
920,555.45	

Income (Loss) from Operations	
$	
183,260.31	
$	
(100.00)	
$	
183,360.31	
$	
(100.00)	
Other Income (Expense)									
Interest Income	$	110.24	$	100.00	$	10.24	$	100.00	
Total Other Income (Expense)	$	110.24	$	100.00	$	10.24	$	100.00	
Net Income (Loss)	$	183,370.55	$	-	$	183,370.55	$	-	

Boggy Creek Improvement District
Budget to Actual

YTD Actual

$ 920,455.47
7,875.50
339.11	
$   928,670.08

$     5,200.00

3,331.00
7,256.29
37,500.00
12,166.25
5,000.00
18,343.31
7,500.00
- 6,000.00
- 39.75
- 183.47
- 5,094.44
200.08
- 3,830.00
372.00
175.00	
$    112,191.59

$	4,511.66

30,450.06

-	3,779.00
3,422.00

60,204.27
241,116.26
16,153.00
-    41,165.00
8,160.00
712.75
3,020.00

3,256.44
6,068.01
-    81,672.70
16,960.24
3,652.99
577.19

5,000.00	

For the Month Ending 08/31/2020

Developer Contributions	-	-	-	-	-	-	-	-	3,316.50	3,389.00	242.50	927.50	
Other Income & Other Financing Sources	-	-	-	-	-	-	-	-	-	-	-	339.11	

Oct-19

Nov-19

Dec-19

Jan-20	Feb-20	Mar-20	Apr-20	May-20	Jun-20	Jul-20	Aug-20	Sep-20

Revenues		
Off-Roll Assessments	$ 376,547.63	$	23,739.48	$	54,071.05	$	-	$	65,209.44	$	27,262.58	$ 173,859.29	$	56,847.61	$ 140,576.64	$	2,341.75	$	-	$	-	

Net Revenues	$ 376,547.63		$	23,739.48		$	54,071.05		$	-		$	65,209.44		$	27,262.58		$ 173,859.29		$	56,847.61		$ 143,893.14		$	5,730.75		$	242.50		$	1,266.61	

General & Administrative Expenses																									
Legislative
Supervisor Fees	
$	
600.00	
$	
600.00	
$	
400.00	
$	
600.00	
$	
400.00	
$	
-	
$	
600.00	
$	
400.00	
$	
400.00	
$	
400.00	
$	
400.00	
$	
400.00	
Financial & Administrative																									
Public Officials' Liability Insurance		3,331.00			-			-			-			-			-			-			-			-			-			-			-	
Trustee Services		5,095.68			-			-			-			-			-			-			-			1,234.64			-			-			925.97	
Management		-			3,125.00			3,125.00			6,250.00			3,125.00			3,125.00			3,125.00			3,125.00			3,125.00			3,125.00			3,125.00			3,125.00	
Engineering		-			-			-			-			1,535.00			386.00			3,566.50			1,209.00			2,742.50			555.00			927.50			1,244.75	
Dissemination Agent		-			-			1,250.00			-			-			-			3,750.00			-			-			-			-			-	
District Counsel		-			-			2,210.58			2,006.50			1,556.35			1,910.13			2,122.25			999.00			1,085.00			1,579.50			2,402.00			2,472.00	
Assessment Administration		7,500.00			-			-			-			-			-			-			-			-			-			-			-	
Reamortization Schedules		-			-			-			-			-			-			-			-			-			-			-			-	
Audit		-			-			-			-			-			-			4,000.00			1,000.00			500.00			500.00			-			-	
Arbitrage Calculation		-			-			-			-			-			-			-			-			-			-			-			-	
Travel and Per Diem		-			-			-			-			32.66			7.09			-			-			-			-			-			-	
Telephone		-			-			-			-			-			-			-			-			-			-			-			-	
Postage & Shipping		-			-			16.88			-			54.18			-			-			34.09			-			14.80			-			63.52	
Copies		-			-			-			-			-			-			-			-			-			-			-			-	
Legal Advertising		256.25			-			396.25			877.51			200.00			196.25			-			1,061.26			-			688.75			1,086.92			331.25	
Miscellaneous		-			-			-			-			30.00			-			-			170.09			-			(0.01)			-			-	
Property Taxes		-			-			-			-			-			-			-			-			-			-			-			-	
Web Site Maintenance		105.00			-			-			-			-			-			-			300.00			-			3,175.00			-			250.00	
Holiday Decorations		-			372.00			-			-			-			-			-			-			-			-			-			-	
Dues, Licenses, and Fees		175.00			-			-			-			-			-			-			-			-			-			-			-	
Total General & Administrative Expenses	$	17,062.93		$	4,097.00		$	7,398.71		$	9,734.01		$	6,933.19		$	5,624.47		$	17,163.75		$	8,298.44		$	9,087.14		$	10,038.04		$	7,941.42		$	8,812.49	

Field Operations
Electric Utility Services
Electric
Entry Lighting
Water-Sewer Combination Services

$	-	$	384.18	$
-	-

384.19	$
-

394.84
-

$	395.21
-

$	373.36
-

$	382.81
-

$	360.42
-

$	378.14
-

$	357.49
-

$	372.22
-

$	728.80
-

Water Reclaimed
Other Physical Environment

-	3,616.80	2,127.15	1,637.57	2,259.35	2,308.22	4,181.35	3,789.21	4,703.49	794.12	2,215.92	2,816.88

General Insurance
Property & Casualty Insurance Other Insurance

3,779.00	-	-
3,422.00	-	-
-	-	-

-	-	-	-
-	-	-	-
-	-	-	-

-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

Irrigation Repairs
Landscaping Maintenance & Material Landscape Improvements

1,997.65
19,048.00
2,400.00

10,164.65	14,715.30
19,008.51	19,008.51
504.00	3,619.20

1,852.20
19,008.51
9,079.80

1,849.40
19,008.51
-

3,772.95
19,008.51
-

11,434.40
19,008.51
-

855.12
21,391.84
-

9,019.20
21,391.84
550.00

1,176.72
21,920.84
-

1,327.94
21,920.84
-

2,038.74
21,391.84
-

Other Landscape Maintenance Tree Trimming

-	-	-
-	5,120.00	2,200.00

35,987.00	-	-	-
840.00	-	-	-

-	5,178.00	-	-	-
-	-	-	-	-

Contingency Pest Control
Hurricane Cleanup
Interchange Maintenance Expenses
IME - Aquatics Maintenance IME - Irrigation

-
-
-

271.37
780.00

-
-
-

271.37
1,205.55

150.00
-
-

271.37
130.81

512.75
-
-

271.37
-

50.00
-
-

271.37
176.26

- 1,510.00
-

271.37
218.98

-
-
-

271.37
-

-
-
-

271.37
490.39

-
-
-

271.37
149.34

-
-
-

271.37
368.06

-
-
-

271.37
2,548.62

- 1,510.00
-

271.37
-

IME - Landscaping

6,565.22

6,565.22	6,873.32

6,565.22

8,910.18

6,565.22

-	13,130.44

6,802.22

6,565.22

6,565.22

6,565.22

IME - Lighting

53.62

75.88

67.71

13,594.22

52.75

56.47

2,615.34

40.88

46.62

41.01

85.62

230.12

IME - Miscellaneous

-	2,431.00	1,023.75	-

-	99.12	-

-	-	-

-	99.12

IME - Water Reclaimed
Road & Street Facilities

-	65.48

43.95

122.57

(80.41)

36.77

94.64

67.60

75.47

7.17

34.98

108.97

Entry and Wall Maintenance

-	-	5,000.00

-	-	-	-	-	-	-	-	-

Boggy Creek Improvement District
Budget to Actual
For the Month Ending 08/31/2020	
	
Oct-19			
Nov-19			
Dec-19			
Jan-20		
Feb-20		
Mar-20		
Apr-20			
May-20			
Jun-20		
Jul-20			
Aug-20			
Sep-20	
Streetlights
Parks & Recreation
Personnel Leasing Agreement
Reserves
Infrastructure Capital Reserve Interchange Maintenance Reserve	-

-

-
-			4,972.23

-

-
-			4,890.98

5,000.01

-
-			4,927.53

1,666.67

-
-	4,928.32

1,666.67

-
-		4,925.15

1,666.67

-
-		5,167.46

1,666.67

-
-			5,161.75

1,666.67

-
-			5,169.03

1,666.67

-
-		5,165.08

1,666.67

-
-			5,169.03

1,666.67

-
-			10,333.34

1,666.67

20,166.67
2,360.00	
Total Field Operations Expenses	$ 38,316.86		$	54,384.87		$	65,506.25		$	96,460.25	$ 39,487.61		$ 40,812.79		$ 44,822.55		$	47,225.69		$	55,401.39		$ 38,333.75		$	42,178.43		$	70,287.74	

Total Expenses	
   $ 55,379.79 		
   $ 	
58,481.87 		
   $ 	
72,904.96 		
  $ 	
106,194.26 	
  $ 46,420.80 		
  $ 46,437.26 		
  $ 	
61,986.30 		
   $ 	
55,524.13 		
  $ 	
64,488.53 		
  $ 48,371.79 		
  $ 	
50,119.85 		
  $ 	
79,100.23 	
Income (Loss) from Operations	$ 321,167.84		$	(34,742.39)		$	(18,833.91)		$	(106,194.26)	$ 18,788.64		$ (19,174.68)		$ 111,872.99		$	1,323.48		$	79,404.61		$ (42,641.04)		$	(49,877.35)		$	(77,833.62)	
Other Income (Expense)
Interest Income
Total Other Income (Expense)	

$	8.21		

$	

6.70		

$	

7.16		

$	

6.59	

$	5.46		

$	5.01		

$	4.18		

$	

5.77		

$	

6.03		

$	44.92		

$	

5.42		

$	

4.79	
	$	8.21		$	6.70		$	7.16		$	6.59	$	5.46		$	5.01		$	4.18		$	5.77		$	6.03		$	44.92		$	5.42		$	4.79	
Net Income (Loss)	$ 321,176.05		$	(34,735.69)		$	(18,826.75)		$	(106,187.67)	$ 18,794.10		$ (19,169.67)		$ 111,877.17		$	1,329.25		$	79,410.64		$ (42,596.12)		$	(49,871.93)		$	(77,828.83)	

 
YTD Actual

60,809.90

20,000.04

20,166.67
2,360.00	
$   633,218.18

$   745,409.77	

$   183,260.31

$	110.24	
$	110.24	
$ 183,370.55	

Boggy Creek Improvement District Cash Flow

FY 2020 Inflows	FY 2020 Outflows	FY 2021 Inflows	FY 2021 Outflows	End. Cash	

48,264.15	
(56,847.28)	
-	
-	
256,230.22	
33,663.63	(41,739.45)	-	-	220,465.58	
70,004.98	(62,791.46)	-	-	254,438.77	
30,279.60	(82,058.63)	-	-	202,659.74	
136,116.85	(217,768.87)	-	-	121,007.72	
27,264.41	(8,557.75)	-	-	139,714.38	
198,830.70	(93,008.82)	-	-	245,536.26	
78,175.42	(114,095.66)	-	-	209,616.02	
173,014.70	(26,123.73)	-	-	356,506.99	
20,537.14	(119,099.79)	-	-	257,944.34	
15,348.93	(51,190.42)	-	-	222,102.85	
20,712.33	(111,647.34)	-	(18,727.00)	112,440.84	
339.11	(8,762.15)	-	(3,835.01)	100,182.79 as of 10/14/2020	

Beg. Cash

10/1/2019
11/1/2019
12/1/2019
1/1/2020
2/1/2020
3/1/2020
4/1/2020
5/1/2020
6/1/2020
7/1/2020
8/1/2020
9/1/2020
10/1/2020

290,026.69
256,230.22
220,465.58
254,438.77
202,659.74
121,007.72
139,714.38
245,536.26
209,616.02
356,506.99
257,944.34
222,102.85
112,440.84

Totals	 	1,180,839.77	(1,009,319.03)	-	(22,562.01)

Boggy Creek Improvement District Construction Tracking - mid-October

Amount

Series 2018 Bond Issue
Original Construction Fund - Not To Exceed	$	25,000,000.00
Additions (Interest, Transfers from DSR, etc.)		161,748.35 Cumulative Draws Through Prior Month	(10,612,673.66)
==========
Construction Funds Available	$	14,549,074.69

Requisitions This Month
Requisition 2018-174: Hopping Green & Sams	$	(188.00)
==========
Total Requisitions This Month	$	(188.00)
==========
Construction Funds Remaining	$	14,548,886.69

Committed Funding
Lake Nona Medical City Drive Phase 2 – Developer-owned as of 03/2020	-
==========

Total Committed Funding	$	-	
		==========	
Net Uncommitted		14,548,886.69