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 (“District”), scheduled to be held at 3:30 p.m. on Tuesday, March 16, 2021 at Courtyard Orlando Lake Nona, 6955 Tavistock Lakes Blvd, Orlando, FL 32827. A quorum will be confirmed prior to the start of the meeting.

Please use the following information to join via computer or the conference line:

Phone:1-844-621-3956	Computer: pfmgroup.webex.com	Participant Code: 796 580 192#

BOARD OF SUPERVISORS’ MEETING AGENDA

Organizational Matters
Roll Call to Confirm a Quorum
Public Comment Period
Consideration of the Minutes of the February 16, 2021 Board of Supervisors’ Meeting

Business Matters
Review of Fiscal Year 2022 Operations and Maintenance Budget
Consideration of Acquisition of Medical City Drive Phase 2 Master Improvements
Consideration of Acquisition of Medical City Drive Phase 2 Right-of-Way
Consideration of Fee Agreement with Bryant Miller Olive for Bond Counsel Services
(provided under separate cover)
Ratification of Landscape Enhancements for Lake Nona Blvd and Veterans Way
Ratification of Requisition Nos. 2018-186 & 2018-187 in February 2021 in an amount totaling
$2,340.00
Ratification of Operation and Maintenance Expenditures Paid in February 2021 in an amount totaling $75,068.08
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
Landscape Supervisor – Introduction of New Supervisor
Irrigation Supervisor
Construction Supervisor
Supervisor Requests

Adjournment

BOGGY CREEK IMPROVEMENT DISTRICT

Minutes of the February 16, 2021 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 Tuesday, February 16, 2021, at 3:30p.m. at Courtyard Orlando Lake Nona, 6955 Tavistock Lakes Blvd, Orlando, FL 32827

Present:

Richard Levey	Chairperson
Damon Ventura	Vice Chairman
Jamie Bennett	Assistant Secretary
Chad Tinetti	Assistant Secretary
Thad Czapka	Assistant Secretary

Also attending:	
Jennifer Walden	PFM	
Lynne Mullins	PFM	(via phone)	
Tucker Mackie	Hopping Green & Sams	(via phone)	
Deborah Sier	Hopping Green & Sams	(via phone)	
Jeff Newton	Donald W. McIntosh Associates, Inc.	(via phone)	
Larry Kaufmann	Construction Supervisor & Construction Committee Member
(via phone)
Scott Thacker	District Landscape Supervisor	(via phone)
Matt McDermott	Construction Committee Member

SECOND ORDER OF BUSINESS	Roll Call to Confirm a Quorum

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

THIRD ORDER OF BUSINESS
Public Comment Period

Mr. Czapka was administered the Oath of Office prior to the start of the Board Meeting.

FOURTH ORDER OF BUSINESS	Consideration of the Minutes of the January 19, 2021, Board of Supervisors’ Meeting

Board Members reviewed the minutes from the January 19, 2021, Board of Supervisors’ Meeting.

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On Motion by Mr. Czapka, second by Ms. Bennett, the Board of Supervisors for the Boggy Creek Improvement District approved the Minutes of the January 19, 2021, Board of Supervisors’ Meeting.

FIFTH ORDER OF BUSINESS	Ratification	of	Requisition Nos. 2018-182 & 2018-185 in
January 2021 in an amount totaling $799,315.79

The Board reviewed Requisition Nos. 2018-182 & 2018-185 in January 2021 in an amount totaling
$799,315.79.

On Motion by Mr. Ventura, second by Mr.  Tinetti, the Board of Supervisors for the Boggy Creek Improvement District ratified Requisition Nos. 2018-182 & 2018-185 in January 2021 in an amount totaling
$799,315.79.

TENTH ORDER OF BUSINESS
Ratification of Operation and Maintenance Expenditures Paid in January 2021 in an amount totaling $97,740.10

The Board reviewed Operation and Maintenance Expenditures Paid in January 2021 in an amount totaling
$97,740.10.

On Motion by Mr. Ventura, second by Mr. Tinetti, the Board of Supervisors for the Boggy Creek Improvement District ratified the Operation and Maintenance Expenditures Paid in January 2021 in an amount totaling $97,740.10.

TENTH ORDER OF BUSINESS
Recommendation	of	Work Authorizations/Proposed Services

Mr. Kauffmann presented a work authorization for Down to Earth in the amount of $6,666.98 total to repair damage from an accident that took place last week. Dr. Levey confirmed Mr. Kaufmann reached out to him the day after the accident for authorization to proceed with the repair. Dr. Levey requested staff to look into whether the driver’s insurance would pay for the damages, which is being explored, although there appears to be no police report for this accident. The cost will be split three ways among the Boggy Creek Improvement District, Greeneway Improvement District and Myrtle Creek Improvement District according to the previously established pro-rata share amounts for each district.

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On Motion by Mr. Ventura, second by Mr. Tinetti, the Board of Supervisors for the Boggy Creek Improvement District ratified the Work Authorization for Down to Earth in the amount of $6,666.98.

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

Through the end of January, the District has expenses of $237,000.00 versus an overall budget of
$920,000.00. No action is required by the Board.

The District’s accountant pointed out that the irrigation repairs are high for this point in the Fiscal Year. District staff will keep an eye on this. This will be brought back to the next Board Meeting.

TWELFTH ORDER OF BUSINESS	Staff Reports

District Counsel –	No Report

District Manager –	Ms. Walden noted the next meeting is scheduled for Tuesday, March 16,
2021, which is Spring Break week. Ms. Bennett, Dr. Levey, and Mr. Czapka will be present.

District Engineer –	No Report

Construction Supervisor –       Mr. Kauffmann stated that the Developer has asked the Board to consider
additional lighting for the trail and the sidewalk along a portion of Lake Nona Boulevard. He recommended working with OUC to add some standard Lake Nona streetlights along the trail and sidewalks in the areas where it is dark. A lengthy discussion took place about styles. The Board directed him to proceed with investigative work and bring the information back to the next meeting.

District Landscape Supervisor- Mr. McDermott presented proposals from Berman and Cepra for various
landscape and irrigation improvements for the District. A lengthy discussion took place.

At the beginning of the fiscal year, Cepra submitted a proposal for landscape   and   irrigation   enhancements   for   the   District   totaling
$104,000.00, which exceeds the District’s fiscal year budget. Berman also

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submitted a proposal for landscape and irrigation enhancements for the District totaling $150,000.00. Mr. McDermott will get an apples-to-apples comparison and return with a recommendation. This landscape and irrigation item will be added under staff reports to the next agenda.

FIFTEENTH 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 February 16, 2021, meeting of the Board of Supervisors for the Boggy Creek Improvement District was adjourned.

 	_ 		 	_ 	
Secretary/Assistant Secretary	Chair/Vice Chair

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BOGGY CREEK IMPROVEMENT DISTRICT

Fiscal Year 2022 Operations & Maintenance Budget

Boggy Creek Improvement District
FY 2022 Proposed O&M Budget

	Actual Through 02/28/2021	Anticipated Mar.
- Sep.	Anticipated FY 2021 Total	FY 2021
Adopted Budget	FY 2022
Proposed Budget	

Revenues						
Off-Roll Assessments	$	537,522.57	$    382,932.87	$    920,455.44	$    920,455.44	$    920,455.44	
Developer Contributions	2,219.50	-	2,219.50	-	-	
Carryforward Revenue	-	-	-	-	26,738.53	
Net Revenues	$	539,742.07	$    382,932.87	$    922,674.94	$    920,455.44	$    947,193.97	
General & Administrative Expenses						
Legislative						
Supervisor Fees	$	1,400.00	$	2,800.00	$	4,200.00	$	7,200.00	$	4,800.00	
Financial & Administrative						
Public Officials' Liability Insurance	3,498.00	-	3,498.00	3,675.00	3,675.00	
Trustee Services	6,343.15	-	6,343.15	7,000.00	7,000.00	
Management	15,625.00	21,875.00	37,500.00	37,500.00	37,500.00	
Engineering	1,812.50	2,537.50	4,350.00	11,500.00	11,500.00	
Dissemination Agent	1,250.00	3,750.00	5,000.00	5,000.00	5,000.00	
District Counsel	8,982.80	12,575.92	21,558.72	30,000.00	30,000.00	
Assessment Administration	7,500.00	-	7,500.00	7,500.00	7,500.00	
Reamortization Schedules	-	250.00	250.00	250.00	250.00	
Audit	-	3,775.00	3,775.00	5,000.00	5,000.00	
Arbitrage Calculation	-	1,200.00	1,200.00	1,200.00	1,200.00	
Travel and Per Diem	25.19	35.27	60.46	300.00	300.00	
Telephone	-	29.17	29.17	50.00	50.00	
Postage & Shipping	76.97	107.76	184.73	500.00	500.00	
Copies	-	1,166.67	1,166.67	2,000.00	2,000.00	
Legal Advertising	2,155.03	3,017.04	5,172.07	9,500.00	9,500.00	
Bank Fees	-	-	-	-	360.00	
Miscellaneous	40.16	56.22	96.38	5,500.00	5,500.00	
Office Supplies	-	-	-	-	250.00	
Property Taxes	-	87.50	87.50	150.00	150.00	
Web Site Maintenance	925.00	1,775.00	2,700.00	2,700.00	2,700.00	
Holiday Decorations	300.00	5,700.00	6,000.00	6,000.00	6,000.00	
Dues, Licenses, and Fees	175.00	-	175.00	175.00	175.00	
Total General & Administrative Expenses	$	50,108.80	$	60,738.04	$    110,846.84	$    142,700.00	$    140,910.00	

Page 1 of 2

Boggy Creek Improvement District
FY 2022 Proposed O&M Budget

	Actual Through 02/28/2021	Anticipated Mar.
- Sep.	Anticipated FY 2021 Total	FY 2021
Adopted Budget	FY 2022
Proposed Budget	
Field Operations Expenses						
Electric Utility Services						
Electric	$	1,528.53	$	2,139.94	$	3,668.47	$	4,500.00	$	5,500.00	
Entry Lighting	-	291.67	291.67	500.00	500.00	
Water-Sewer Combination Services						
Water Reclaimed	9,157.27	12,820.18	21,977.45	35,000.00	30,000.00	
Other Physical Environment						
General Insurance	3,968.00	-	3,968.00	4,175.00	4,250.00	
Property & Casualty	3,761.00	-	3,761.00	3,775.00	4,000.00	
Other Insurance	-	-	-	100.00	100.00	
Irrigation Repairs	23,850.98	33,391.37	57,242.35	40,000.00	60,000.00	
Landscaping Maintenance & Material	107,444.88	150,422.83	257,867.71	262,842.00	269,147.00	
Landscape Improvements	4,445.00	6,223.00	10,668.00	65,000.00	65,000.00	
Tree Trimming	150.00	210.00	360.00	40,000.00	20,000.00	
Contingency	13,418.00	18,785.20	32,203.20	31,361.47	35,975.00	
Pest Control	-	1,761.67	1,761.67	3,020.00	3,020.00	
Hurricane Cleanup	-	20,000.00	20,000.00	20,000.00	30,000.00	
Interchange Maintenance Expenses						
IME - Aquatics Maintenance	1,356.85	1,899.59	3,256.44	3,445.00	3,445.00	
IME - Irrigation Repair	929.08	1,300.71	2,229.79	9,750.00	9,750.00	
IME - Landscaping	32,891.10	46,047.54	78,938.64	78,782.60	78,717.60	
IME - Lighting	248.18	347.45	595.63	1,625.00	1,625.00	
IME - Miscellaneous	3,233.97	4,527.56	7,761.53	1,625.00	13,812.50	
IME - Water Reclaimed	122.67	171.74	294.41	2,437.50	1,625.00	
Road & Street Facilities						
Entry and Wall Maintenance	137.21	192.09	329.30	15,000.00	15,000.00	
Streetlights	22,148.02	31,007.23	53,155.25	96,390.20	96,390.20	
Parks & Recreation						
Personnel Leasing Agreement	15,000.05	20,999.95	36,000.00	36,000.00	36,000.00	
Reserves						
Infrastructure Capital Reserve	-	20,166.67	20,166.67	20,166.67	20,166.67	
Interchange Maintenance Reserve	-	2,360.00	2,360.00	2,360.00	2,360.00	
Total Field Operations Expenses	$	243,790.79	$    375,066.39	$    618,857.18	$    777,855.44	$    806,383.97	

Total Expenses	
$	293,899.59	
$    435,804.43	
$    729,704.02	
$    920,555.44	
$    947,293.97	

Income (Loss) from Operations	
$	245,842.48	
$	(52,871.56)	
$    192,970.92	
$	(100.00)	
$	(100.00)	
Other Income (Expense)						
Interest Income	$	35.95	$	50.33	$	86.28	$	100.00	$	100.00	
Total Other Income (Expense)	$	35.95	$	50.33	$	86.28	$	100.00	$	100.00	
Net Income (Loss)	$	245,878.43	$	(52,821.23)	$    193,057.20	$	-	$	-	

Page 2 of 2

BOGGY CREEK IMPROVEMENT DISTRICT

Acquisition of Medical City Drive Phase 2 Master Improvements

BILL OF SALE

KNOW ALL MEN BY THESE PRESENTS, that Lake Nona Land Company, LLC, a Florida limited liability company, whose address for purposes hereof is 6900 Tavistock Lakes Boulevard, Suite 200, Orlando, Florida 32827 (“Seller”), and in consideration of the sum of Ten Dollars ($10.00) and other valuable consideration, to it paid by the Boggy Creek Improvement District, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes (“District”) whose address is 12051 Corporate Boulevard., Orlando, Florida 32817, the receipt whereof is hereby acknowledged, has granted, bargained, sold, transferred and delivered, and by these presents does grant, bargain, sell, transfer, and deliver unto the District, its successors and assigns, the following described property, assets and rights, to-wit:
Any and all of the roadway improvements known as Medical City Drive Phase 2 within and including that certain right of way tract (Tract B) recorded on the plat of Lake Nona South Parcel 19C in Plat Book 95, Page 87, Public Records of Orange County, Florida including paving, curbing, sidewalks, trails, drainage pipes, wastewater pipes, potable water mains, reuse water mains, inlets, manholes, landscaping, irrigation and other attendant improvements and appurtenances constructed in connection therewith.

TO HAVE AND TO HOLD all of the foregoing unto the District, its successors and assigns, for its own use forever, free and clear and discharged of and from any and all obligations, claims or liens.
AND the Seller does hereby covenant to and with the District, its successors and assigns, that they are the lawful owners of the above-described personal property and assets; that said personal property and assets are free from all liens and encumbrances; that Seller has good right to sell said personal property and assets; that all contractors, subcontractors and material men furnishing labor or materials relative to the construction of the personal property and assets have been paid in full; and that Seller will warrant and defend the sale of its said personal property and assets hereby made, unto the District, its successors and assigns, against the lawful claims and demands of all persons whosoever.

[Remainder of page intentionally left blank]

1

IN WITNESS WHEREOF, the District has caused this instrument to be executed in its name this	day of	, 2021.

Signed, sealed and delivered in the presence of:

LAKE NONA LAND COMPANY, LLC,
a Florida limited liability company

Witnessed:

Print Name:		By: 	
Print Name:  	 Print Title:  	
Print Name:  	

STATE OF FLORIDA COUNTY OF  	

I hereby certify that on this day, by means of ▢ physical presence or ▢ online notarization, an
officer duly authorized to take acknowledgments, personally appeared	as
 	 of Lake Nona Land Company, LLC, a Florida limited liability company, on behalf of the company, who executed the foregoing instrument, acknowledged before me that he executed the same on behalf of the foregoing entity and was identified in the manner indicated below.

Witness my hand and official seal this	day of	, 2021.

Notary Public

Personally known: 	 Produced Identification: 	 Type of Identification: 	

2

BOGGY CREEK IMPROVEMENT DISTRICT

Acquisition of Medical City Drive Phase 2 Right-of-Way

This Instrument Prepared By:

Tucker F. Mackie, Esq.
Hopping Green & Sams, P.A.
119 South Monroe Street, Suite 300
Tallahassee, Florida 32301

SPECIAL WARRANTY DEED
(Medical City Drive Phase 2)

THIS SPECIAL WARRANTY DEED, is made effective as of the day of March, 2021, by LAKE NONA LAND COMPANY, LLC, a Florida limited liability company, whose address is 6900 Tavistock Lakes Boulevard, Suite 200, Orlando, Florida 32827 (the “Grantor”), to and in favor of BOGGY CREEK IMPROVEMENT DISTRICT, a local unit of special-purpose government, and located within the City of Orlando, Florida, whose address is 12051 Corporate Boulevard, Orlando, Florida 32817 (the “Grantee”).

WITNESSETH:

That the Grantor, for and in consideration of the sum of Ten and 00/100 Dollars ($10.00) and other valuable consideration, the receipt whereof is hereby acknowledged, subject to the matters listed herein, hereby grants, bargains, sells, aliens, remises, releases, conveys and confirms unto the Grantee, all that certain land situate in Orange County, Florida, more particularly described on Exhibit A attached hereto and made a part hereof (the “Property”).

TOGETHER WITH all the tenements, hereditaments and appurtenances thereunto belonging or in anywise appertaining.

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

AND, Grantor hereby covenants with Grantee that Grantor is lawfully seized of the Property in fee simple; that Grantor has good right and lawful authority to sell and convey the Property and hereby warrants the title to the Property and will defend the same against the lawful claims of all persons claiming by, through, or under Grantor; subject to (i) covenants, easements, restrictions, reverters and other matters of record if any now exist but this reference shall not serve to reimpose same; (ii) all applicable zoning and other land use regulations or restrictions; and (iii) taxes and assessments for the year 2021 and subsequent years which are not yet due and payable.

IN WITNESS WHEREOF, the said Grantor has hereunto set its hand and seal the
day and year first written above.		
Signed, sealed and delivered	LAKE NONA LAND COMPANY,	
	LLC, a Florida limited liability	
	company	

Print Name: 	

By:	 Its:  	 

Print Name: 	

STATE OF FLORIDA COUNTY OF  	

The foregoing instrument was acknowledged before me by means of ▢ physical
presence or ▢   online notarization this	day of	, 2021, by
 	, as	of Lake Nona Land Company, LLC, a Florida limited liability company, who [   ] is personally known to me or has produced
 	 as identification.

Notary Public

Exhibit A Description of the Property
Tract B, as identified in the plat for LAKE NONA SOUTH PARCEL 19C, as recorded in the Official Records of Orange County, Florida, at Book 95, Page 87.

BOGGY CREEK IMPROVEMENT DISTRICT

Fee Agreement with Bryant Miller Olive for Bond Counsel Services
(provided under separate cover)

BOGGY CREEK IMPROVEMENT DISTRICT

Landscape Enhancements for Lake Nona Blvd and Veterans Way

Date	3/1/2021	Sales Order #		
	
Customer:	Boggy Creek Road		
Address			
			
Property			
Address		PH: 407.287.5622	
		PO Box 865
Oakland, FL 34760	
Job Description:		
This is for the landscape enhancment to various beds along Lake Nona Blvd and Veterans Way in the Boggy Creek District	
	QTY/HRS	UNIT PRICE	TOTAL	
Labor	135	$	36.00	$	4,860.00	
				
Refuse	5	$450	$	2,250.00	
3g Peach Drift Rose	232	$	26.00	$	6,032.00	
3g Coral Drift Rose	113	$	26.00	$	2,938.00	
3g Little John	156	$	26.00	$	4,056.00	
3g Firecracker	323	$	14.70	$	4,748.10	
3g Thryallis	62	$	14.70	$	911.40	
3g Tibuchina	90	$	14.70	$	1,323.00	
3g Dwarf Firebush	53	$	14.70	$	779.10	
6' Single Roebellini	6	$	230.00	$	1,380.00	
1g Cordgrass	12	$	5.40	$	64.80	
1g Oyster Plant	120	$	5.40	$	648.00	
1g Confetti Lantana	135	$	5.40	$	729.00	
1g Dallas Red Lantana	450	$	5.40	$	2,430.00	
1g Anna Marie Lantana	770	$	5.40	$	4,158.00	
1g Super Blue Liriope	150	$	5.40	$	810.00	
1g Asiatic Jasmine	1000	$	5.40	$	5,400.00	
1g Pink Muhly Grass	313	$	5.40	$	1,690.20	
Floratam St. Augustine (sq. ft)	13200	$	0.95	$ 12,540.00	
Comand Soil (yds)	25	$	80.00	$	2,000.00	

				

				
				
	TOTAL:	$ 59,747.60	

By Signing Below indicates you are in agreement with the terms and conditions of this agreement and have authorized the contractor to complete the work stated above. Terms and Conditions are attached.

By:		Date:		 Print:		Title:  	

BOGGY CREEK IMPROVEMENT DISTRICT

Requisition Nos. 2018-186 & 2018-187 in February 2021 in an amount totaling $2,340.00

BOGGY CREEK IMPROVEMENT DISTRICT
DISTRICT OFFICE ● 12051 CORPORATE BLVD ● ORLANDO, FL 32817 PHONE: (407) 723-5900 ● FAX: (407) 723-5901

Requisition Recap For Board Approval

Attached please find the listing of requisitions approved to be paid from bond funds from February 1, 2021 through February 28, 2021. This does not include requisitions previously approved by the Board.

REQUISITION NO.	PAYEE	AMOUNT	
2018-186
2018-187	Donald W. McIntosh Associates Orlando Sentinel	$2,068.75
$271.25	
		$2,340.00	

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DISTRICT ENGINEER'S APPROVAL FOR PROJECT EXPENDITURES
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BY:

BCID Se%e' 2018 Re$. 186-D"!a d W McIn)#(h  '("cia)e(	Feb& 19, 2021	Page 1 oft

Received via email on Monday, February 22, 2021 - ALane

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DISTRICT ENGINEER'S APPROVAL FOR PROJECT EXPENDITURES

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BY:

BCID Serie' 2018 Re%. 187 -Or and$ Se#(i#e!	Februa& 19, 2021	Page 1 $f"

Received via email on Monday, February 22, 2021 - ALane

BOGGY CREEK IMPROVEMENT DISTRICT

Operation and Maintenance Expenditures Paid in February 2021 in an amount totaling $75,068.08

BOGGY CREEK IMPROVEMENT DISTRICT
DISTRICT OFFICE ● 12051 CORPORATE BLVD ● ORLANDO, FL 32817 PHONE: (407) 723-5900 ● FAX: (407) 723-5901

Operation and Maintenance Expenditures For Board Approval

Attached please find the check register listing Operations and Maintenance expenditures paid from February 1, 2021 through February 28, 2021. This does not include expenditures previously approved by the Board.

The total items being presented:    $75,068.08

Approval of Expenditures:

 	 Chairman

 	 Vice Chairman

 	 Assistant Secretary

: :      				Boggy Creek mprovement District
       k          (       by k)
    k     :                      	    :  	
Check o.	Date	Status*	Vendor D	Payee ame	Amount	

BA   D: S    C T AT O AL BA  

                  

    

    

    

    

    

    

        

        

        

        

        

 

 

 

 

 

 	     

   

     

      

     

      

                    

               

                    
    b      

                             

            y
             k 	

BA S REG STER TOTAL:

GRA D TOTAL	         

       

         

       

       

       

$65,645.38

$65,645.38	

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

BOGGY CREEK IMPROVEMENT DISTRICT

Construction Funding Request #021

1/8/2021

Item	
Payee	
Invoice	
General	
No.		Number	Fund	

1	
Hopping Green & Sams
Local Alternative Mobility Network Services Through 11/30/2020	

119456	

$	725.00	

TOTAL	$	725.00

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

By Amanda Lane at 10:03 am, Feb 01, 2021

By Amanda Lane at 4:25 pm, Feb 08, 2021

By Amanda Lane at 10:53 am, Feb 16, 2021

By Amanda Lane at 2:57 pm, Feb 22, 2021

BOGGY CREEK IMPROVEMENT DISTRICT

Work Authorizations/Proposed Services
(if applicable)

BOGGY CREEK IMPROVEMENT DISTRICT

District’s Financial Position and Budget to Actual YTD

Boggy Creek Improvement District

Statement of Financial Position	
As of 2/28/2021	
	
General	
Debt Service		
Capital Projects	

Assets			
Current Assets					
General Checking Account	$379,656.20				
State Board of Administration	1,299.56				
Accounts Receivable - Due from Developer	4,449.50				
Due From Other Governmental Units	15,655.82				
Deposits	4,550.00				
Infrastructure Capital Reserve	40,370.26				
Interchange Maintenance Reserve	4,722.00				
Debt Service Reserve Series 2013		$3,951,512.50			
Debt Service Reserve Series 2018		1,100,801.85			
Revenue Series 2013		39,188.59			
Interest Series 2018		3,664.54			
General Checking Account				$13,130.08	
Acquisition/Construction Series 2013				21,379.42	
Acquisition/Construction Series 2018				277.51	
Due From Other Governmental Units				92.19	
Total Current Assets	$450,703.34	$5,095,167.48		$34,879.20	

Investments					
Amount Available in Debt Service Funds					
Amount To Be Provided					
Total Investments	$0.00	$0.00		$0.00	
Total Assets	$450,703.34	$5,095,167.48		$34,879.20	

Liabilities and Net Assets	
Current Liabilities					
Accounts Payable	$8,054.00				
Deferred Revenue	4,449.50				
Total Current Liabilities	$12,503.50	$0.00		$0.00	

Long Term Liabilities					
Revenue Bonds Payable - Long-Term					
Total Long Term Liabilities	$0.00	$0.00		$0.00	
Total Liabilities	$12,503.50	$0.00		$0.00	

Net Assets					
Net Assets, Unrestricted	$70,670.30				
Net Assets - General Government	121,651.11				
Current Year Net Assets - General Government	245,878.43				
Net Assets, Unrestricted		($1,841,561.71)			
Current Year Net Assets, Unrestricted		(1,137,304.84)			
Net Assets - General Government		8,074,034.03			
Net Assets, Unrestricted				($22,384,631.35)	
Net Assets, Unrestricted				(4,280,903.76)	
Current Year Net Assets, Unrestricted				3,438.15	
Net Assets - General Government				26,696,976.16	
Total Net Assets	$438,199.84	$5,095,167.48		$34,879.20	
					
Total Liabilities and Net Assets	$450,703.34	$5,095,167.48		$34,879.20	
Page 1 of 1

General Long-	Total Term Debt

$0.00

$5,095,167.48 42,989,832.52

$48,085,000.00

$48,085,000.00		$379,656.20
1,299.56
4,449.50
15,655.82
4,550.00
40,370.26
4,722.00
3,951,512.50
1,100,801.85
39,188.59
3,664.54
13,130.08
21,379.42
277.51
92.19

$5,580,750.02

$5,095,167.48 42,989,832.52

$48,085,000.00

$53,665,750.02	

$0.00

$48,085,000.00

$48,085,000.00

$48,085,000.00		

$8,054.00 4,449.50

$12,503.50

$48,085,000.00

$48,085,000.00

$48,097,503.50	

$0.00

$48,085,000.00		

$70,670.30 121,651.11
245,878.43

(1,841,561.71)
(1,137,304.84)

8,074,034.03
(22,384,631.35)
(4,280,903.76)
3,438.15

26,696,976.16

$5,568,246.52

$53,665,750.02	

Boggy Creek Improvement District	
Statement of Activities	
As of 2/28/2021	
	
General		
Debt Service		
Capital Projects		
General Long- Term Debt		
Total	

Revenues										
Off-Roll Assessments	$537,522.57								$537,522.57	
Developer Contributions	2,219.50								2,219.50	
Inter-Fund Group Transfers In			($82.62)						(82.62)	
Debt Proceeds			374,230.56						374,230.56	
Inter-Fund Transfers In					$82.62				82.62	
Debt Proceeds					809,132.91				809,132.91	
Total Revenues	$539,742.07		$374,147.94		$809,215.53		$0.00		$1,723,105.54	
Expenses										
Supervisor Fees	$1,400.00								$1,400.00	
Public Officials' Liability Insurance	3,498.00								3,498.00	
Trustee Services	6,343.15								6,343.15	
Management	15,625.00								15,625.00	
Engineering	1,812.50								1,812.50	
Dissemination Agent	1,250.00								1,250.00	
District Counsel	8,982.80								8,982.80	
Assessment Administration	7,500.00								7,500.00	
Travel and Per Diem	25.19								25.19	
Postage & Shipping	76.97								76.97	
Legal Advertising	2,155.03								2,155.03	
Miscellaneous	40.16								40.16	
Web Site Maintenance	925.00								925.00	
Holiday Decorations	300.00								300.00	
Dues, Licenses, and Fees	175.00								175.00	
Electric	1,528.53								1,528.53	
Water Reclaimed	9,157.27								9,157.27	
General Insurance	3,968.00								3,968.00	
Property & Casualty	3,761.00								3,761.00	
Irrigation Parts	23,850.98								23,850.98	
Landscaping Maintenance & Material	107,444.88								107,444.88	
Landscape Improvements	4,445.00								4,445.00	
Tree Trimming	150.00								150.00	
Contingency	13,418.00								13,418.00	
IME - Aquatics Maintenance	1,356.85								1,356.85	
IME - Irrigation	929.08								929.08	
IME - Landscaping	32,891.10								32,891.10	
IME - Lighting	248.18								248.18	
IME - Miscellaneous	3,233.97								3,233.97	
IME - Water Reclaimed	122.67								122.67	
Entry and Wall Maintenance	137.21								137.21	
Streetlights	22,148.02								22,148.02	
Personnel Leasing Agreement	15,000.05								15,000.05	
Interest Payments			$1,511,739.66						1,511,739.66	
Engineering					$6,128.75				6,128.75	
District Counsel					1,022.50				1,022.50	
Legal Advertising					712.52				712.52	
Contingency					797,914.78				797,914.78	
Total Expenses	$293,899.59		$1,511,739.66		$805,778.55		$0.00		$2,611,417.80	
Other Revenues (Expenses) & Gains (Losses)										
Interest Income	$35.95								$35.95	
Interest Income			$286.88						286.88	
Interest Income					$1.17				1.17	
Total Other Revenues (Expenses) & Gains (Losses)	$35.95		$286.88		$1.17		$0.00		$324.00	

Change In Net Assets	
$245,878.43		
($1,137,304.84)		
$3,438.15		
$0.00		
($887,988.26)	

Net Assets At Beginning Of Year	
$192,321.41		
$6,232,472.32		
$31,441.05		
$0.00		
$6,456,234.78	

Net Assets At End Of Year	

$438,199.84		

$5,095,167.48		

$34,879.20		

$0.00		

$5,568,246.52	

Page 1 of 1

Boggy Creek Improvement District
Budget to Actual
For the Month Ending 02/28/2021	

Actual	

Budget		

Variance	
FY 2021
Adopted Budget	

Revenues
Off-Roll Assessments Developer Contributions
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	

$	537,522.57	$	383,523.10
2,219.50	-
$	539,742.07	$	383,523.10

$	1,400.00	$	3,000.00

3,498.00	1,531.25
6,343.15	2,916.67
15,625.00	15,625.00
1,812.50	4,791.67
1,250.00	2,083.33
8,982.80	12,500.00
7,500.00	3,125.00
-	104.17
-	2,083.33
-	500.00
25.19	125.00
-	20.83
76.97	208.33
-	833.33
2,155.03	3,958.33
40.16	2,291.69
-	62.50
925.00	1,125.00
300.00	2,500.00
175.00	72.92
$	50,108.80	$	59,458.35	

$

$

$

$	

153,999.47
2,219.50
156,218.97

(1,600.00)

1,966.75
3,426.48
- (2,979.17)
(833.33)
(3,517.20)
4,375.00
(104.17)
(2,083.33)
(500.00)
(99.81)
(20.83)
(131.36)
(833.33)
(1,803.30)
(2,251.53)
(62.50)
(200.00)
(2,200.00)
102.08
(9,349.55)	

$	920,455.44
-
$	920,455.44

$	7,200.00

3,675.00
7,000.00
37,500.00
11,500.00
5,000.00
30,000.00
7,500.00
250.00
5,000.00
1,200.00
300.00
50.00
500.00
2,000.00
9,500.00
5,500.00
150.00
2,700.00
6,000.00
175.00
$	142,700.00	

Page 1 of 2

Boggy Creek Improvement District
Budget to Actual
For the Month Ending 02/28/2021

Actual	Budget	Variance

FY 2021
Adopted Budget

Field Operations Expenses									
Electric Utility Services									
Electric	$	1,528.53	$	1,875.00	$	(346.47)	$	4,500.00	
Entry Lighting		-		208.33		(208.33)		500.00	
Water-Sewer Combination Services									
Water Reclaimed		9,157.27		14,583.33		(5,426.06)		35,000.00	
Other Physical Environment									
General Insurance		3,968.00		1,739.58		2,228.42		4,175.00	
Property & Casualty		3,761.00		1,572.92		2,188.08		3,775.00	
Other Insurance		-		41.67		(41.67)		100.00	
Irrigation Repairs		23,850.98		16,666.67		7,184.31		40,000.00	
Landscaping Maintenance & Material		107,444.88		109,517.50		(2,072.62)		262,842.00	
Landscape Improvements		4,445.00		27,083.33		(22,638.33)		65,000.00	
Tree Trimming		150.00		16,666.67		(16,516.67)		40,000.00	
Contingency		13,418.00		13,067.28		350.72		31,361.47	
Pest Control		-		1,258.33		(1,258.33)		3,020.00	
Hurricane Cleanup		-		8,333.33		(8,333.33)		20,000.00	
Interchange Maintenance Expenses									
IME - Aquatics Maintenance		1,356.85		1,435.42		(78.57)		3,445.00	
IME - Irrigation Repair		929.08		4,062.50		(3,133.42)		9,750.00	
IME - Landscaping		32,891.10		32,826.08		65.02		78,782.60	
IME - Lighting		248.18		677.08		(428.90)		1,625.00	
IME - Miscellaneous		3,233.97		677.08		2,556.89		1,625.00	
IME - Water Reclaimed		122.67		1,015.63		(892.96)		2,437.50	
Road & Street Facilities									
Entry and Wall Maintenance		137.21		6,250.00		(6,112.79)		15,000.00	
Streetlights		22,148.02		40,162.58		(18,014.56)		96,390.20	
Parks & Recreation									
Personnel Leasing Agreement		15,000.05		15,000.00		0.05		36,000.00	
Reserves									
Infrastructure Capital Reserve		-		8,402.78		(8,402.78)		20,166.67	
Interchange Maintenance Reserve		-		983.33		(983.33)		2,360.00	
Total Field Operations Expenses	$	243,790.79	$	324,106.42	$	(80,315.63)	$	777,855.44	

Total Expenses	
$	
293,899.59	
$	
383,564.77	
$	
(89,665.18)	
$	
920,555.44	

Income (Loss) from Operations	
$	
245,842.48	
$	
(41.67)	
$	
245,884.15	
$	
(100.00)	
Other Income (Expense)									
Interest Income	$	35.95	$	41.67	$	(5.72)	$	100.00	
Total Other Income (Expense)	$	35.95	$	41.67	$	(5.72)	$	100.00	
Net Income (Loss)	$	245,878.43	$	-	$	245,878.43	$	-	

Page 2 of 2

Boggy Creek Improvement District
Budget to Actual
For the Month Ending 02/28/2021

Oct-20	Nov-20		Dec-20		Jan-21		Feb-21	YTD Actual	

$	-
-	
$	
-
-	
$	
450,987.27
1,494.50	
$	
50,535.56
-	
$	
35,999.74
725.00	
$	
537,522.57
2,219.50	
$	-	$	-	$	452,481.77	$	50,535.56	$	36,724.74	$	539,742.07	

$	400.00	
$	
200.00	
$	
-	
$	
400.00	
$	
400.00	
$	
1,400.00	
3,498.00		
-		
-		
-		
-		
3,498.00	
6,343.15		-		-		-		-		6,343.15	
3,125.00		3,125.00		3,125.00		3,125.00		3,125.00		15,625.00	
-		750.00		187.50		125.00		750.00		1,812.50	
-		-		-		1,250.00		-		1,250.00	
-		-		4,563.00		2,709.50		1,710.30		8,982.80	
7,500.00		-		-		-		-		7,500.00	
-		-		-		-		-		-	
-		-		-		-		-		-	
-		-		-		-		-		-	
-		-		18.29		-		6.90		25.19	
-		-		-		-		-		-	
-		35.12		12.48		14.52		14.85		76.97	
-		-		-		-		-		-	
1,105.02		361.26		-		342.50		346.25		2,155.03	
-		-		40.16		-		-		40.16	
-		-		-		-		-		-	
125.00		125.00		125.00		425.00		125.00		925.00	
300.00		-		-		-		-		300.00	
175.00		-		-		-		-		175.00	
$ 22,571.17	$	4,596.38	$	8,071.43	$	8,391.52	$	6,478.30	$	50,108.80	

$	-	

$	

371.46	

$	

375.99	

$	

400.42	

$	

380.66	

$	

1,528.53	
-		-		-		-		-		-	
-	
1,984.19		
1,772.44		
3,111.22		
2,289.42		
9,157.27	
3,968.00	
-		-		-		-		3,968.00	
3,761.00	-		-		-		-		3,761.00	
-	-		-		-		-		-	
2,800.96	5,767.06		4,141.56		5,719.40		5,422.00		23,850.98	
21,391.81	21,391.81		21,391.81		21,391.81		21,877.64		107,444.88	
-	4,445.00		-		-		-		4,445.00	
-	150.00		-		-		-		150.00	
-	-		9,975.00		619.00		2,824.00		13,418.00	
-	-		-		-		-		-	
-	-		-		-		-		-	
271.37	271.37		271.37		271.37		271.37		1,356.85	
-	97.91		298.74		318.50		213.93		929.08	
6,565.22	6,565.22		-		13,130.44		6,630.22		32,891.10	
-	59.81		61.23		68.05		59.09		248.18	
1,170.00	-		1,560.00		196.62		307.35		3,233.97	
-	27.81		35.21		22.65		37.00		122.67	

-	
137.21		
-		
-		
-		
137.21	
-	5,167.46		5,315.97		5,207.64		6,456.95		22,148.02	

Revenues
Off-Roll Assessments Developer Contributions
     
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

Field Operations
Electric Utility Services
Electric
Entry Lighting
Water-Sewer Combination Services
Water Reclaimed
Other Physical Environment
General Insurance
Property & Casualty Insurance Other Insurance
Irrigation Repairs
Landscaping Maintenance & Material Landscape Improvements
Tree Trimming Contingency Pest Control
Hurricane Cleanup
Interchange Maintenance Expenses
IME - Aquatics Maintenance IME - Irrigation
IME - Landscaping IME - Lighting
IME - Miscellaneous IME - Water Reclaimed
Road & Street Facilities
Entry and Wall Maintenance Streetlights

Page 1 of 2

Boggy Creek Improvement District
Budget to Actual
For the Month Ending 02/28/2021	
		
Oct-20			
Nov-20		
Dec-20			
Jan-21			
Feb-21	
Parks & Recreation									
Personnel Leasing Agreement	3,000.01	3,000.01		3,000.01			3,000.01	3,000.01	
Reserves									
Infrastructure Capital Reserve	-	-		-			-	-	
Interchange Maintenance Reserve	-	-		-			-	-	
Total Field Operations Expenses	$ 42,928.37	$ 49,436.32		$ 48,199.33		$	53,457.13	$ 49,769.64	

Total Expenses	
   $ 65,499.54  	
   $ 54,032.70  		
   $ 56,270.76  		
  $		
61,848.65  	
  $ 	
56,247.94  	
Income (Loss) from Operations	$	(65,499.54)		$	(54,032.70)		$ 396,211.01		$	(11,313.09)		$	(19,523.20)	
Other Income (Expense)
Interest Income
Total Other Income (Expense)	

$	5.31	

$	4.71		

$	8.98		

$	

8.75	

$	8.20	
	$	5.31	$	4.71		$	8.98		$	8.75	$	8.20	
Net Income (Loss)	$	(65,494.23)		$	(54,027.99)		$ 396,219.99		$	(11,304.34)		$	(19,515.00)	

 
YTD Actual

15,000.05

-
-	
$   243,790.79

$   293,899.59	

$   245,842.48

$	35.95	
$	35.95	
$ 245,878.43	

Page 2 of 2

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	
15,251.97	(9,123.49)	1.46	(56,312.94)	62,257.84	
213.06	(1,689.50)	16,669.40	(26,119.08)	51,331.72	
1,058.00	-	467,110.80	(88,102.52)	431,398.00	
-	-	55,204.60	(97,740.10)	388,862.50	
-	-	65,861.78	(75,068.08)	379,656.20	
-	-	3,202.50	(7,767.00)	375,091.70 as of 03/11/2021	

Beg. Cash

10/1/2019	290,026.69	
11/1/2019	256,230.22	
12/1/2019	220,465.58	
1/1/2020	254,438.77	
2/1/2020	202,659.74	
3/1/2020	121,007.72	
4/1/2020	139,714.38	
5/1/2020	245,536.26	
6/1/2020	209,616.02	
7/1/2020	356,506.99	
8/1/2020	257,944.34	
9/1/2020	222,102.85	
10/1/2020	112,440.84	
11/1/2020	62,257.84	
12/1/2020	51,331.72	
1/1/2021	431,398.00	
2/1/2021	388,862.50	
3/1/2021	379,656.20	

Totals	 	1,197,023.69	(1,011,369.87)	608,050.54	(369,836.72)

Boggy Creek Improvement District Construction Tracking - mid March

Amount

Series 2018 Bond Issue
Original Construction Fund - Not To Exceed	$	25,000,000.00
Additions (Interest, Transfers from DSR, etc.)		165,632.79 Cumulative Draws Through Prior Month	(11,423,842.73)
==========
Construction Funds Available	$	13,741,790.06

Requisitions This Month
==========
Total Requisitions This Month	$	-
==========
Construction Funds Remaining	$	13,741,790.06

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

Total Committed Funding	$	-
==========	
Net Uncommitted		13,741,790.06