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, April 20, 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 March 16, 2021 Board of Supervisors’ Meeting

Business Matters
Review of Fiscal Year 2022 Operations & Maintenance Budget
Ratification of Release and Termination of Temporary Construction and Access Easement Agreement (Nemours Parkway West and Lift Station No. 10)
Ratification of Requisition Nos. 2018-188R - 2018-190 in March 2021 in an amount totaling
$1,996.25
Ratification of Operation and Maintenance Expenditures Paid in March 2021 in an amount totaling $58,309.73
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
Irrigation Supervisor
Construction Supervisor
Supervisor Requests

Adjournment

BOGGY CREEK IMPROVEMENT DISTRICT

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

Present:

Richard Levey	Chairperson
Jamie Bennett	Assistant Secretary
Thad Czapka	Assistant Secretary Also attending:
Jennifer Walden	PFM		
Tucker Mackie	Hopping Green & Sams		
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)	
Carlos Negron	Irrigation Specialist	(via phone)	
Matt McDermott	Construction Committee Member		
Amanda Lane	PFM	(via phone)	
Chris Wilson	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	Consideration of the Minutes of the February 16, 2021 Board of Supervisors’ Meeting

Board Members reviewed the minutes from the February 16, 2021 Board of Supervisors’ Meeting.

On Motion by Mr. Czapka, second by Ms. Bennett, the Board of Supervisors for the Boggy Creek Improvement District approved the Minutes of the February 16, 2021 Board of Supervisors’ Meeting.

FOURTH ORDER OF BUSINESS	Review of Fiscal Year 2022 Operations and Maintenance Budget

Ms. Walden brought the proposed budget before the Board to start conversations about what is needed for FY 2022. The Construction Committee had an initial review on Thursday to discuss a potential slight increase to the budget based on upcoming needs. District staff will continue to review, seek input from all parties involved, and continue discussion with the Board over the next couple of months. The preliminary budget is slated for approval at the May meeting with final budget adoption at a public hearing in August. No action is required today other than to see if the board had any initial input. There were no questions or comments from the Board.

FIFTH ORDER OF BUSINESS		Consideration of Acquisition of Medical City Drive Phase 2 Infrastructure Improvements

Ms. Mackie reviewed the Acquisition of Medical City Drive Phase 2 Infrastructure Improvements.

The Developer moved forward with the construction of Medical City Drive which is currently platted as a private right-of-way but the intent was always that the District would acquire the completed improvements and the platted right-of-way and subsequently dedicate the same over to the City. The infrastructure improvements are complete and ready for acquisition and the backup documentation has been submitted to the District Engineer for review. Mr. Newton is still reviewing that information. Ms. Mackie requested the District move to acquire Medical City Drive Phase 2 at a not to exceed amount of $1,400,000.00 contingent upon all of the requisite documentation being provided pursuant to the Acquisition Agreement the District has with Lake Nona Land Company.

Ms. Bennett asked when the closing would be for the real property. Ms. Mackie replied it would be March 23, 2021 for the real property associated with the acquisition. This agenda item does not include the acquisition of the right-of-way. That will be the next item the Board will consider.

Ms. Bennett noted a petition has been filed to change the name of Medical City Drive and asked how that timing impacts the acquisition. Ms. Mackie answered that it would not impact the acquisition and the District would be acquiring the underlying real property regardless of the street name. Ms. Bennett asked if it would make sense to change the name before it is dedicated to the City. Ms. Mackie stated that it is already platted and the change in name will not affect the conveyance. If Lake Nona is petitioning the City for a change in the name the District could stand in the place of Lake Nona if the petition has already been filed and the District acquires that right of way. Mr. Newton added that it is the City’s policy to only accept right- of-way through plat and not by deed.

Ms. Mackie will discuss this with Michelle Rencoret and Sarah Bernard in understanding the timing of the name change. The District’s acquisition of the improvements and the real property should not have an impact on the City’s willingness to change the name but it is worth a large discussion of how each piece will occur in terms of timing.

Improvement District approved the Acquisition of Medical City Drive Phase 2 Master Improvements in a not to exceed amount of $1,400,000.00 contingent upon all of the requisite documentation being provided pursuant to the Acquisition Agreement the District has with Lake Nona Land Company for the acquisition of completed improvements.

SIXTH ORDER OF BUSINESS
Consideration of Acquisition of Medical City Drive Phase 2 Right of Way

Ms. Mackie explained this item is for the acquisition of the underlying right-of-way. The District agreed to a purchase price of $75,000.00 per acre within the District which would result in a purchase price of
$98,475.00 for this tract. It was suggested that a motion from the Board would be appropriate to approve the Acquisition of Medical City Drive Phase 2 right-of-way for a not to exceed amount of $98,475.00 with the understanding that District staff will work in tandem with Sarah Bernard and Michelle Rencoret to determine an appropriate closing date, which is expected to be March 23, 2021.

On Motion by Mr. Czapka, second by Ms. Bennett, the Board of Supervisors for the Boggy Creek Improvement District approved the Acquisition of the Medical City Drive Phase 2 right-of-way for a not to exceed amount of $98,475.00 with the understanding District staff will work in tandem with Developer’s Counsel to facilitate closing.

SEVENTH ORDER OF BUSINESS	Consideration of Agreement with Bryant Miller Olive for Bond Counsel Services

Ms. Mackie stated the District had previously engaged Mr. Williams with Akerman to serve as the District’s Bond Counsel. Mr. Williams retired in May. District staff has been working in coordination with the Developer to retain Bond Counsel services to meet the needs of the District going forward. Ms. Mackie has worked with Bryant Miller Olive, and in particular Misty Taylor, and recommended the District retain the services of Bryant Miller Olive. Included in the agenda package is a Fee Agreement with Bryant Miller Olive to provide Bond Counsel Services to the District.

Ms. Mackie explained the District has an outstanding note that will need to be reissued within 4 years and any of the Bond Counsel related services the District needs in the interim will be filled by Misty Taylor. Normally Bond Counsel Services are paid for out of the closing of Bonds which is typically when they are engaged on behalf of the District.

Ms. Walden agreed with District Counsel’s recommendation as PFM also works with Misty Taylor on a number of Bond items in other Districts. Ms. Mackie noted Misty Taylor reached out and met with Mr. Byrnes and Ms. Rencoret as well and Ms. Rencoret agrees that she will make a good fit for the District.

Improvement District approved the Agreement with Bryant Miller Olive for Bond Counsel Services.

EIGHTH ORDER OF BUSINESS	Ratification of Landscape Enhancements for Lake Nona Blvd and Veterans Way

Ms. Walden explained this was discussed with the Chair and was approved outside of a meeting so that the work could be completed in a timely manner. This amount is within the budgeted line item for Landscape Improvements.

On Motion by Mr. Czapka, second by Ms. Bennett, the Board of Supervisors for the Boggy Creek Improvement District ratified the Landscape Enhancements for Lake Nona Blvd. and Veterans Way with Cepra Landscape in the total amount of $59,747.60.

NINTH ORDER IF BUSINESS	Ratification	of	Requisition Nos. 2018-186 & 2018-187 in
February 2021 in an amount totaling $2,340.00

Board Members reviewed Requisition Nos. 2018-186 & 2018-187 in February 2021 in an amount totaling
$2,340.00. These have already been approved and need to be ratified by the Board.

On Motion by Mr. Czapka, second by Ms. Bennett, the Board of Supervisors for the Boggy Creek Improvement District ratified Requisition Nos. 2018-186 & 2018-187 in February 2021 in an amount totaling
$2,340.00.

TENTH ORDER IF BUSINESS	Ratification of Operation and Maintenance Expenditures Paid in February 2021 in an amount totaling $75,068.08

Board Members reviewed the Operation & Maintenance expenditures paid in February 2021 in an amount totaling $75,068.08. These have already been approved and need to be ratified by the Board.

On Motion by Mr. Czapka, second by Ms. Bennett, the Board of Supervisors for the Boggy Creek Improvement District ratified the Operation & Maintenance Expenditures paid in February 2021 in an amount totaling $75,068.08.

ELEVENTH ORDER OF BUSINESS	Recommendation of Work Authorizations/ Proposed Services (if applicable)

There were no work authorizations for this District.

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

Ms. Walden noted through February 2021, the District has total expenses of just under $294,000.00 versus a budget of $920,500.00. No action is required by the board.

THIRTEENTH ORDER OF BUSINESS

District Counsel –	No Report

District Manager –	Ms. Walden noted the next meeting is scheduled for Tuesday, April 20, 2021 at the Courtyard Orlando Lake Nona.

District Engineer –	No Report

Construction Supervisor –       Mr. Kauffman stated at the last Board Meeting he informed the board he
would look into additional lighting along Lake Nona Blvd. for the paths and trails and hopes to have something to present to the Board at the next meeting.

District Landscape Supervisor- Mr. Thacker reported Paul Stevens who was the Irrigation Specialist is no
longer with the firm and introduced the Board to Carlos Negron who will be the new Irrigation Specialist. Mr. Negron has been with Berman for 6 months and is very familiar with the District’s irrigation systems.

Irrigation Supervisor –	No Report

FOURTEENTH 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 Ms. Bennett, second by Mr. Czapka, with all in favor, the March 16, 2021, meeting of the Board of Supervisors for the Boggy Creek Improvement District was adjourned.

 	_ 		 	_ 	
Secretary/Assistant Secretary	Chair/Vice Chair

BOGGY CREEK IMPROVEMENT DISTRICT

Fiscal Year 2022 Operations & Maintenance Budget

Actual Through 03/31/2021

Anticipated Apr.
- Sep.

Anticipated FY 2021 Total

FY 2021
Adopted Budget

FY 2022
Proposed Budget

Revenues

Off-Roll Assessments	$	537,966.14	$     382,489.30	$     920,455.44	$     920,455.44	$     920,455.44	
Developer Contributions	6,669.00	-	6,669.00	-	-	
Carryforward Revenue		-		-		-		-		26,738.53	
Net Revenues	$	544,635.14	$	382,489.30	$	927,124.44	$	920,455.44	$	947,193.97	

Supervisor Fees	$	1,800.00	$	2,400.00	$	4,200.00	$	7,200.00	$	4,800.00	
nancial & Administrative
Public Officials' Liability Insurance	3,498.00	-	3,498.00	3,675.00	3,850.00	
Trustee Services	6,343.15	-	6,343.15	7,000.00	7,000.00	
Management	18,750.00	18,750.00	37,500.00	37,500.00	37,500.00	
Engineering	2,125.00	2,125.00	4,250.00	11,500.00	11,500.00	
Dissemination Agent	2,500.00	2,500.00	5,000.00	5,000.00	5,000.00	
District Counsel	11,838.44	11,838.44	23,676.88	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	25.19	50.38	300.00	300.00	
Telephone	-	25.00	25.00	50.00	50.00	
Postage & Shipping	90.05	90.05	180.10	500.00	500.00	
Copies	-	1,000.00	1,000.00	2,000.00	2,000.00	
Legal Advertising	2,155.03	2,155.03	4,310.06	9,500.00	9,500.00	
Bank Fees	-	-	-	-	360.00	
Miscellaneous	40.16	40.16	80.32	5,500.00	5,500.00	
Office Supplies	-	-	-	-	250.00	
Property Taxes	-	75.00	75.00	150.00	150.00	
Web Site Maintenance	1,050.00	1,650.00	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	$	58,190.02	$	53,598.87	$     111,788.89	$     142,700.00	$     141,085.00	

General & Administrative Expenses Legislative

Fi

Actual Through 03/31/2021

Anticipated Apr.
- Sep.

Anticipated FY 2021 Total

FY 2021
Adopted Budget

FY 2022
Proposed Budget

Electric	$	1,905.90	$	1,905.90	$	3,811.80	$	4,500.00	$	5,500.00	
Entry Lighting	-	250.00	250.00	500.00	500.00	

Field Operations Expenses Electric Utility Services

Water-Sewer Combination Services

Water Reclaimed	10,658.15	20,000.00	30,658.15	35,000.00	30,000.00	
Other Physical Environment
General Insurance	
3,968.00	
-	
3,968.00	
4,175.00	
4,400.00	
Property & Casualty	3,761.00	-	3,761.00	3,775.00	4,200.00	
Other Insurance	-	-	-	100.00	100.00	
Irrigation Repairs	30,000.98	15,000.00	45,000.98	40,000.00	60,000.00	
Landscaping Maintenance & Material	129,322.52	129,322.52	258,645.04	262,842.00	276,839.00	
Landscape Improvements	4,445.00	60,555.00	65,000.00	65,000.00	65,000.00	
Tree Trimming	150.00	20,000.00	20,150.00	40,000.00	20,000.00	
Contingency	13,418.00	13,418.00	26,836.00	31,361.47	37,693.00	
Pest Control	1,510.00	1,510.00	3,020.00	3,020.00	3,020.00	
Hurricane Cleanup	-	20,000.00	20,000.00	20,000.00	20,000.00	
Interchange Maintenance Expenses
IME - Aquatics Maintenance	
1,628.22	
1,628.22	
3,256.44	
3,445.00	
3,445.00	
IME - Irrigation Repair	929.08	929.08	1,858.16	9,750.00	9,750.00	
IME - Landscaping	32,891.10	32,891.10	65,782.20	78,782.60	78,782.60	
IME - Lighting	307.48	307.48	614.96	1,625.00	1,625.00	
IME - Miscellaneous	3,333.09	3,333.09	6,666.18	1,625.00	13,812.50	
IME - Water Reclaimed	150.48	150.48	300.96	2,437.50	1,625.00	
Road & Street Facilities
Entry and Wall Maintenance	
137.21	
14,862.79	
15,000.00	
15,000.00	
15,000.00	
Streetlights	28,605.77	48,605.77	77,211.54	96,390.20	96,390.20	
Parks & Recreation
Personnel Leasing Agreement	
18,000.06	
17,999.94	
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	$	285,122.04	$     425,196.04	$     710,318.08	$     777,855.44	$     806,208.97	

Total Expenses	
$	343,312.06	
$     478,794.91	
$     822,106.97	
$     920,555.44	
$     947,293.97	

Income (Loss) from Operations	
$	201,323.08	
$	(96,305.61)	
$     105,017.47	
$	(100.00)	
$	(100.00)	

Other Income (Expense)
Interest Income	

$	45.17	

$	45.17	

$	90.34	

$	100.00	

$	100.00	
Total Other Income (Expense)	$	45.17	$	45.17	$	90.34	$	100.00	$	100.00	
Net Income (Loss)	$	201,368.25	$	(96,260.44)	$     105,107.81	$	-	$	-	

Boggy Creek Improvement District FY 2022 Proposed Debt Service Budget Series 2013 Special Assessment Bonds

	FY 2022
Proposed Budget	
REVENUES:		
Special Assessments Series 2013	$	5,138,300.00	
TOTAL REVENUES	$	5,138,300.00	

EXPENDITURES:		
Series 2013 - Interest 11/01/2021	$	1,193,100.00	
Series 2013 - Principal 05/01/2022	1,600,000.00	
Series 2013 - Interest 05/01/2022	1,193,100.00	
TOTAL EXPENDITURES	$	3,986,200.00	

EXCESS REVENUES	

$	1,152,100.00	

Series 2013 - Interest 11/01/2022	

$	1,152,100.00	

Revenues

Off-Roll Assessments

The District can levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year. It is typically collected via the Tax Collector, but it can also be collected via a direct bill (referred to as Off Roll) from the district.

Developer Contribution

Funding from the Developer.

Carryforward Revenue

Unused income from a prior year which is available as cash for the current year.

General & Administrative Expenses

Supervisor Fees

Chapter 190 of the Florida Statutes allows for a member of the Board of Supervisors to be compensated for meeting attendance and to receive up to $200.00 per meeting plus payroll taxes. The amount for the Fiscal Year is based upon all supervisors attending the meetings.

Directors’ & Officers’ (D&O) or Public Officials’ Liability (POL) Insurance

Supervisors’ and Officers’ liability insurance.

Trustee Services

The Trustee submits invoices annually for services rendered on bond series. These fees are for maintaining the district trust accounts.

Management

The District receives Management and Administrative services as part of a Management Agreement with PFM Group Consulting, LLC. These services are further outlined in Exhibit “A” of the Management Agreement.

Engineering

The District’s engineer provides general engineering services to the District. Among these services are attendance at and preparation for monthly board meetings, review of invoices, and all other engineering services as requested by the district throughout the year.

Dissemination Agent

When bonds are issued for the District, the Bond Indenture requires continuing disclosure, which the dissemination agent provides to the trustee and bond holders.

District Counsel

The District’s legal counsel provides general legal services to the District. Among these services are attendance at and preparation for monthly board meetings, review of operating and maintenance contracts, and all other legal services as requested by the District throughout the year.

Assessment Administration

The District can levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year. It is typically collected via the Tax Collector. The District Manager submits an Assessment Roll to the Tax Collector annually by the deadline set by the Tax Collector or Property Appraiser.

Re-amortization Schedules

When debt is paid on a bond series, a new amortization schedule must be recalculated. This can occur up to four times per year per bond issue.

Audit

Chapter 218 of the Florida Statutes requires a District to conduct an annual financial audit by an Independent Certified Public Accounting firm. Some exceptions apply.

Arbitrage Calculation

To ensure the District's compliance with all tax regulations, annual computations are necessary to calculate an arbitrage rebate liability.

Travel & Per Diem

Travel to and from meetings as related to the District.

Telephone

Telephone and fax machine services.

Postage & Shipping

Mail, overnight deliveries, correspondence, etc.

Copies

Printing and binding Board agenda packages, letterhead, envelopes, and copies.

Legal Advertising

The District will incur expenditures related to legal advertising. The items for which the District will advertise include, but are not limited to, monthly meetings, special meetings, and public hearings for the District.

Miscellaneous

Other general & administrative expenses incurred throughout the year.

Property Taxes

Ad Valorem taxes on District property that is not tax-exempt.

Website Maintenance

Website maintenance fee.

Holiday Decorations

District decorations for the holidays.

Dues, Licenses & Fees

The District is required to pay an annual fee to the Department of Economic Opportunity.

Field Operations Expenses

Electric Utility Services

Electric

The District pays for electric meters used on District-owned roads.

Entry Lighting

Lighting charges for District entryways.

Water-Sewer Combination Services

Water Reclaimed

Water used for irrigation

Other Physical Environment

General Insurance

General liability insurance.

Property & Casualty

Insurance to protect property and cover casualty.

Other Insurance

Insurance to protect the District not otherwise covered under D&O, General, or Property & Casualty.

Irrigation Repairs

Inspection and repair of irrigation system.

Landscaping Maintenance & Material

Contracted landscaping within the boundaries of the District.

Landscape Improvements

Improvements in landscape above and beyond what is already contracted for property owned by District.

Tree Trimming

Trimming of trees on District property.

Contingency

Other Field Operations expenses incurred throughout the year.

Pest Control

Pest control services.

Hurricane Cleanup

Funds set aside to assist with any cleanup needed from a hurricane or funds needed to pay a hurricane-related insurance deductible.

Interchange Maintenance Expenses

IME – Aquatics Maintenance

Pond maintenance as it relates to the Interchange. The District is responsible for only a portion of the cost. Greeneway Improvement District and Myrtle Creek Improvement District each chip in for the remainder.

IME – Irrigation Repair

Irrigation repairs as they relate to the Interchange. The District is responsible for only a portion of the cost. Greeneway Improvement District and Myrtle Creek Improvement District each chip in for the remainder.

IME – Landscaping

Landscaping services as they relate to the Interchange. The District is responsible for only a portion of the cost. Greeneway Improvement District and Myrtle Creek Improvement District each chip in for the remainder.

IME – Lighting

Lighting services as they relate to the Interchange. The District is responsible for only a portion of the cost. Greeneway Improvement District and Myrtle Creek Improvement District each chip in for the remainder.

IME – Miscellaneous

Other interchange expenses as they relate to the Interchange. The District is responsible for only a portion of the cost. Greeneway Improvement District and Myrtle Creek Improvement District each chip in for the remainder.

IME – Water Reclaimed

Water reclaimed services as they relate to the Interchange. The District is responsible for only a portion of the cost. Greeneway Improvement District and Myrtle Creek Improvement District each chip in for the remainder.

Road & Street Facilities

Entry and Wall Maintenance

Maintenance of entrance(s) and walls within the District.

Streetlights

Streetlighting expenses within the District.

Parks & Recreation

Personnel Leasing Agreement

The lease of outside personnel per signed agreement.

Reserves

Infrastructure Capital Reserve

Funds reserved for infrastructure capital repairs/maintenance/replacement. These funds are kept in a separate bank account.

Interchange Maintenance Reserve

Funds reserved for interchange maintenance/repairs. These funds are kept in a separate bank account.

Other Income (Expense)

Interest Income

Income from interest earnings.

BOGGY CREEK IMPROVEMENT DISTRICT

Release and Termination of Temporary Construction and Access Easement Agreement (Nemours Parkway West and Left Station No. 10)

Prepared By and Return To: Sara W. Bernard, Esq.
Holland & Knight LLP
200 South Orange Avenue, Suite 2600
Orlando, Florida 32801

DOC# 20210172412
03/26/2021 07:19 AM Page 1 of 4
Rec Fee: $35.50 Deed Doc Tax: $0.00
Mortgage Doc Tax: $0.00 Intangible Tax: $0.00
Phil Diamond, Comptroller Orange County, FL
Ret To: SIMPLIFILE LC

RELEASE AND TERMINATION OF TEMPORARY CONSTRUCTION AND ACCESS EASEMENT AGREEMENT
(Nemours Parkway West and Lift Station No. 10)

THIS RELEASE AND TERMINATION OF TEMPORARY CONSTRUCTION
AND ACCESS EASEMENT AGREEMENT (this "Termination") is made effective as of the Effective Date (as defined herein) by and between LAKE NONA LAND COMPANY, LLC, a Florida limited liability company, whose address is 6900 Tavistock Lakes Boulevard, Suite 200, Orlando, Florida 32827 ("Grantor"), and BOGGY CREEK IMPROVEMENT DISTRICT, a local unit of special purpose government established  pursuant to Chapter 190, Florida Statutes, whose address is 12051 Corporate Boulevard, Orlando, Florida 32817 ("Grantee").

WIT NE S SE TH:

WHEREAS, Grantor and Grantee entered into that certain Temporary Construction and Access Easement Agreement (Nemours Parkway West and Lift Station No. 10) recorded February 26, 2018 under Document Number 20180113843, in the Public Records of Orange County, Florida (collectively, the "Agreement"); and
WHEREAS, the Agreement has automatically terminated pursuant to Section 3(i) of the Agreement; and

WHEREAS, pursuant to Section 3, upon termination of the Agreement and request by Grantor, Grantee shall promptly execute and deliver to Grantor  a  recordable  termination  and release of the Agreement;

WHEREAS, Grantor and Grantee now desire to enter into this Termination in order to affirm, acknowledge and effectively terminate the Agreement and release all rights, title, and interests in and to the Agreement.

NOW, THEREFORE, for and in consideration of the mutual covenants and agreements herein set forth and other good and valuable consideration, the receipt, adequacy, and sufficiency of which are hereby expressly acknowledged by Grantor and Grantee, Grantor and Grantee do hereby agree as follows:

The foregoing recitals are true and correct and are incorporated herein by this reference.

Grantor and Grantee do hereby affirm and acknowledge and further release, terminate, vacate, and forever abandon all of their right, title, and interest in and to the Agreement including, without limitation, all easements created therein.

Grantor and Grantee are released from, and relieved of, their respective obligations arising under, out of, or by virtue of the Agreement.

[SIGNATURES APPEAR ON THE FOLLOWING PAGES]

IN WITNESS WHEREOF, Grantor and Grantee have executed this Termination as of the day and year set forth below in the notary block.

''GRANTOR''

Signed, sealed, and delivered in the presence of the following witnesses:

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

By: 	

---+----+---+---+---------

PrirrtName:t¢;e:I u

·Nicho

STATE OF FLORIDA	)
)
COUNTY OF ORANGE	)

The foregoing instrument wasc3cknow!edged before me by means of [  hysical presence or [_]	online notarization, this 23t	day of 't--\0-, c:.h	, 2021, by Nicholas F.
Beucher, III, as President of LAKE NONA LAN!) COMPANY, LLC, a Florida limited liability company, on behalf of the company.	He is ['_ personally known to me or [_]	has produced

(Signature of Notar

 	as identification (if left blank, then personally known to me).

{f	\ Notary Public · State of Florida

,.fJ/ f;;;;..

CHAROL J. BAEZ

\ wA'i	Commission# HH 018093

..,,,DF r,."if/ My Comm. Expires Jul 6, 2024
-	Bonded through National Notary Assn.

d0a 1  
(Typed Name of Notary Public)
Notary Public, State of Flqri a Commission No.: HW	l t:f't3
My Commission Expires:	,_--+-IJ---+-)		_

BOGGY CREEK IMPROVEMENT DISTRICT

Requisition Nos. 2018-188R – 2018-190 in March 2021 in an amount totaling $1,996.25

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 March 1, 2021 through March 31, 2021. This does not include requisitions previously approved by the Board.

REQUISITION NO.	PAYEE	AMOUNT	
2018-188-R	Hopping Green & Sams	$687.50	
2018-189	Donald W. McIntosh Associates	$1,037.50	
2018-190	Orlando Sentinel	$271.25	
		$1,996.25	

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DISTRICT ENGINEER'S APPROVAL FOR PROJECT EXPENDITURES

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BY:

BCID Se'ie( 2018 Re%. 188-R- H"$$i!g Gree! & Sa (	Ma&ch 19, 2021	Page 1 #fl

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

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DISTRICT ENGINEER'S APPROVAL FOR PROJECT EXPENDITURES
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BY:

/>Q	J. Newton, PE

BCID Se' e) 2018 Re&. 189- D$#!d W McIn*$)h A))$c a*e)	Ma(h 19, 2021	Page 1 %f"

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

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DISTRICT ENGINEER'S APPROVAL FOR PROJECT EXPENDITURES

W‹r Âœqr¥±�‰œrq 8�±´©�n´ ;œ‰�œrr¥ ‹r¥rlÌ nr¥³�€r± ´‹jµ »�± q�±lÆ±r™rœ´ �± ƒ¥ j n ±³  y´‹r #0!) P¥ ’rn³ jœq
�± n ž±�±´rœ´ Ê‘´‹+  (�) ´‹r j££–�njl”r  ¥ n œ±Án´� œ n œ¿jn´0 (��) ´‹r £–jœ±        ±£rn�‚nj´�       ƒ¥ ³‹r £ ¨´� œ  y ´‹r #0!) P¥ “rn´ É�´‹ ¥r±£rn´ ³  É‹�n‹ ±Ân‹ q�±lÄ©±r™u´ �± mr�ž‰ ™jqr1 jœq,  Î"�)    r        ¨¶     ³‹r 8�±´©�n´ ;œ‰�œrr¥.

BY:

J. Newton, PE

BCID Se ie! 2018 Req. 190 - O lando Sen"inel	Ma ch 19, 2021	Page 1 ofI

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

BOGGY CREEK IMPROVEMENT DISTRICT

Operation and Maintenance Expenditures Paid in March 2021 in an amount totaling $58,309.73

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 March 1, 2021 through March 31, 2021. This does not include expenditures previously approved by the Board.

The total items being presented:    $58,309.73

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:	$49,7 5.72	
					GRA D TOTAL :	$49,7 5.72	

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

1	Hopping Green & Sams
Local Alternative Mobility Network Services Through 10/31/2020	118899

$	3,202.50

TOTAL	$	3,202.50

1	Hopping Green & Sams
Local Alternative Mobility Network Services Through 12/31/2020	120129

$	1,247.00

TOTAL	$	1,247.00

Amanda Lane

From:	Larry Kaufmann <lkaufmann@tavistock.com>
Sent:	Saturday, February 13, 2021 1:10 PM
To:	Amanda Lane; Damon Ventura; AccountsPayable
Subject:	RE: Boggy Creek - FR #22

EXTERNAL EMAIL: Use care with links and attachments.

FR #22 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, February 12, 2021 6:10 PM
To: Damon Ventura <dventura@tavistock.com>; AccountsPayable <accountspayable@tavistock.com>
Cc: Larry Kaufmann <lkaufmann@tavistock.com>
Subject: Boggy Creek - FR #22

EXTERNAL E-MAIL

Please see attached for Boggy Creek FR #22 for $1,247.00.

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 9:00 am, Mar 02, 2021

By Amanda Lane at 9:28 am, Mar 08, 2021

By Amanda Lane at 9:25 am, Mar 15, 2021

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

Work Authorizations/Proposed Services
(if applicable)

District’s Financial Position and Budget to Actual YTD

General	Debt Service	Capital Projects	General Long-
Term Debt

Total

Assets

Current Assets

General Checking Account	$341,900.55								$341,900.55	
State Board of Administration	1,299.71								1,299.71	
Accounts Receivable - Due from Developer	146.64								146.64	
Due From Other Governmental Units	989.90								989.90	
Deposits	4,550.00								4,550.00	
Infrastructure Capital Reserve	40,373.73								40,373.73	
Interchange Maintenance Reserve	4,722.41								4,722.41	
Debt Service Reserve Series 2013			$3,951,512.50						3,951,512.50	
Debt Service Reserve Series 2018			1,100,951.31						1,100,951.31	
Revenue Series 2013			39,188.74						39,188.74	
Interest Series 2018			4,538.11						4,538.11	
General Checking Account					$13,130.26				13,130.26	
Acquisition/Construction Series 2013					21,394.66				21,394.66	
Acquisition/Construction Series 2018					2,224.07				2,224.07	
Due From Other Governmental Units					271.25				271.25	
Total Current Assets	$393,982.94		$5,096,190.66		$37,020.24		$0.00		$5,527,193.84	

Investments
Amount Available in Debt Service Funds							

$5,096,190.66		

$5,096,190.66	
Amount To Be Provided							42,988,809.34		42,988,809.34	
Total Investments	$0.00		$0.00		$0.00		$48,085,000.00		$48,085,000.00	
Total Assets	$393,982.94		$5,096,190.66		$37,020.24		$48,085,000.00		$53,612,193.84	

Liabilities and Net Assets

Current Liabilities
Accounts Payable	
$146.64								
$146.64	
Deferred Revenue	146.64								146.64	
Accounts Payable					$1,996.25				1,996.25	
Total Current Liabilities	$293.28		$0.00		$1,996.25		$0.00		$2,289.53	

Long Term Liabilities

Revenue Bonds Payable - Long-Term							$48,085,000.00		$48,085,000.00	
Total Long Term Liabilities	$0.00		$0.00		$0.00		$48,085,000.00		$48,085,000.00	

Total Liabilities	$293.28	$0.00	$1,996.25	$48,085,000.00	$48,087,289.53

General	Debt Service	Capital Projects	General Long-
Term Debt

Total

Net Assets

Net Assets, Unrestricted	$70,670.30								$70,670.30	
Net Assets - General Government	121,651.11								121,651.11	
Current Year Net Assets - General Government	201,368.25								201,368.25	
Net Assets, Unrestricted			($1,841,561.71)						(1,841,561.71)	
Current Year Net Assets, Unrestricted			(1,136,281.66)						(1,136,281.66)	
Net Assets - General Government			8,074,034.03						8,074,034.03	
Net Assets, Unrestricted					($22,384,631.35)				(22,384,631.35)	
Net Assets, Unrestricted					(4,280,903.76)				(4,280,903.76)	
Current Year Net Assets, Unrestricted					3,582.94				3,582.94	
Net Assets - General Government					26,696,976.16				26,696,976.16	
Total Net Assets	$393,689.66		$5,096,190.66		$35,023.99		$0.00		$5,524,904.31	
										
Total Liabilities and Net Assets	$393,982.94		$5,096,190.66		$37,020.24		$48,085,000.00		$53,612,193.84	

General	Debt Service	Capital Projects	General Long-
Term Debt

Total

Revenues

Off-Roll Assessments	$537,966.14								$537,966.14	
Developer Contributions	6,669.00								6,669.00	
Inter-Fund Group Transfers In			($97.78)						(97.78)	
Debt Proceeds			374,380.02						374,380.02	
Inter-Fund Transfers In					$97.78				97.78	
Debt Proceeds					810,851.65				810,851.65	
Total Revenues	$544,635.14		$374,282.24		$810,949.43		$0.00		$1,729,866.81	

Expenses

Supervisor Fees	$1,800.00	$1,800.00	
Public Officials' Liability Insurance	3,498.00	3,498.00	
Trustee Services	6,343.15	6,343.15	
Management	18,750.00	18,750.00	
Engineering	2,125.00	2,125.00	
Dissemination Agent	2,500.00	2,500.00	
District Counsel	11,838.44	11,838.44	
Assessment Administration	7,500.00	7,500.00	
Travel and Per Diem	25.19	25.19	
Postage & Shipping	90.05	90.05	
Legal Advertising	2,155.03	2,155.03	
Miscellaneous	40.16	40.16	
Web Site Maintenance	1,050.00	1,050.00	
Holiday Decorations	300.00	300.00	
Dues, Licenses, and Fees	175.00	175.00	
Electric	1,905.90	1,905.90	
Water Reclaimed	10,658.15	10,658.15	
General Insurance	3,968.00	3,968.00	
Property & Casualty	3,761.00	3,761.00	
Irrigation Parts	30,000.98	30,000.98	
Landscaping Maintenance & Material	129,322.52	129,322.52	
Landscape Improvements	4,445.00	4,445.00	
Tree Trimming	150.00	150.00	
Contingency	13,418.00	13,418.00	

	Term Debt		
IME - Aquatics Maintenance	1,628.22								1,628.22	
IME - Irrigation	929.08								929.08	
IME - Landscaping	32,891.10								32,891.10	
IME - Lighting	307.48								307.48	
IME - Miscellaneous	3,333.09								3,333.09	
IME - Water Reclaimed	150.48								150.48	
Pest Control	1,510.00								1,510.00	
Entry and Wall Maintenance	137.21								137.21	
Streetlights	28,605.77								28,605.77	
Personnel Leasing Agreement	18,000.06								18,000.06	
Interest Payments			$1,511,739.66						1,511,739.66	
Engineering					$7,166.25				7,166.25	
District Counsel					1,710.00				1,710.00	
Legal Advertising					576.89				576.89	
Contingency					797,914.78				797,914.78	
Total Expenses	$343,312.06		$1,511,739.66		$807,367.92		$0.00		$2,662,419.64	

General	Debt Service	Capital Projects	General Long-

Total

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$45.17								$45.17	
Interest Income			$1,175.76						1,175.76	
Interest Income					$1.43				1.43	
Total Other Revenues (Expenses) & Gains (Losses)	$45.17		$1,175.76		$1.43		$0.00		$1,222.36	

Change In Net Assets	$201,368.25		($1,136,281.66)		$3,582.94		$0.00		($931,330.47)	

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	

$393,689.66		

$5,096,190.66		

$35,023.99		

$0.00		

$5,524,904.31	

Revenues				Adopted Budget	
Off-Roll Assessments	$	537,966.14	$	460,227.72	$	77,738.42	$	920,455.44	
Developer Contributions	6,669.00	-	6,669.00	-	
Net Revenues	$	544,635.14	$	460,227.72	$	84,407.42	$	920,455.44	
General & Administrative Expenses Legislative
Supervisor Fees	

$	1,800.00	

$	3,600.00	

$	(1,800.00)	

$	7,200.00	
Financial & Administrative
Public Officials' Liability Insurance	
3,498.00	
1,837.50	
1,660.50	
3,675.00	
Trustee Services	6,343.15	3,500.00	2,843.15	7,000.00	
Management	18,750.00	18,750.00	-	37,500.00	
Engineering	2,125.00	5,750.00	(3,625.00)	11,500.00	
Dissemination Agent	2,500.00	2,500.00	-	5,000.00	
District Counsel	11,838.44	15,000.00	(3,161.56)	30,000.00	
Assessment Administration	7,500.00	3,750.00	3,750.00	7,500.00	
Reamortization Schedules	-	125.00	(125.00)	250.00	
Audit	-	2,500.00	(2,500.00)	5,000.00	
Arbitrage Calculation	-	600.00	(600.00)	1,200.00	
Travel and Per Diem	25.19	150.00	(124.81)	300.00	
Telephone	-	25.00	(25.00)	50.00	
Postage & Shipping	90.05	250.00	(159.95)	500.00	
Copies	-	1,000.00	(1,000.00)	2,000.00	
Legal Advertising	2,155.03	4,750.00	(2,594.97)	9,500.00	
Miscellaneous	40.16	2,750.00	(2,709.84)	5,500.00	
Property Taxes	-	75.00	(75.00)	150.00	
Web Site Maintenance	1,050.00	1,350.00	(300.00)	2,700.00	
Holiday Decorations	300.00	3,000.00	(2,700.00)	6,000.00	
Dues, Licenses, and Fees	175.00	87.50	87.50	175.00	
Total General & Administrative Expenses	$	58,190.02	$	71,350.00	$	(13,159.98)	$	142,700.00	

Actual	Budget	Variance	FY 2021

Actual	Budget	Variance	FY 2021
Adopted Budget

Field Operations Expenses
Electric Utility Services		
Electric	$	1,905.90	$	2,250.00	$	(344.10)	$	4,500.00	
Entry Lighting		-		250.00		(250.00)		500.00	
Water-Sewer Combination Services									
Water Reclaimed	10,658.15	17,500.00	(6,841.85)	35,000.00	
Other Physical Environment									
General Insurance	3,968.00	2,087.50	1,880.50	4,175.00	
Property & Casualty	3,761.00	1,887.50	1,873.50	3,775.00	
Other Insurance	-	50.00	(50.00)	100.00	
Irrigation Repairs	30,000.98	20,000.00	10,000.98	40,000.00	
Landscaping Maintenance & Material	129,322.52	131,421.00	(2,098.48)	262,842.00	
Landscape Improvements	4,445.00	32,500.00	(28,055.00)	65,000.00	
Tree Trimming	150.00	20,000.00	(19,850.00)	40,000.00	
Contingency	13,418.00	15,680.73	(2,262.73)	31,361.47	
Pest Control	1,510.00	1,510.00	-	3,020.00	
Hurricane Cleanup	-	10,000.00	(10,000.00)	20,000.00	
Interchange Maintenance Expenses									
IME - Aquatics Maintenance	1,628.22	1,722.50	(94.28)	3,445.00	
IME - Irrigation Repair	929.08	4,875.00	(3,945.92)	9,750.00	
IME - Landscaping	32,891.10	39,391.30	(6,500.20)	78,782.60	
IME - Lighting	307.48	812.50	(505.02)	1,625.00	
IME - Miscellaneous	3,333.09	812.50	2,520.59	1,625.00	
IME - Water Reclaimed	150.48	1,218.75	(1,068.27)	2,437.50	
Road & Street Facilities									
Entry and Wall Maintenance	137.21	7,500.00	(7,362.79)	15,000.00	
Streetlights	28,605.77	48,195.10	(19,589.33)	96,390.20	
Parks & Recreation
Personnel Leasing Agreement	
18,000.06	
18,000.00	
0.06	
36,000.00	
Reserves
Infrastructure Capital Reserve	
-	
10,083.34	
(10,083.34)	
20,166.67	
Interchange Maintenance Reserve	-	1,180.00	(1,180.00)	2,360.00	
Total Field Operations Expenses	$	285,122.04	$	388,927.72	$ (103,805.68)	$	777,855.44	

Total Expenses	
$	343,312.06	
$	460,277.72	
$ (116,965.66)	
$	920,555.44	

Income (Loss) from Operations	
$	201,323.08	
$	(50.00)	
$	201,373.08	
$	(100.00)	

Other Income (Expense)									
Interest Income	$	45.17	$	50.00	$	(4.83)	$	100.00	
Total Other Income (Expense)	$	45.17	$	50.00	$	(4.83)	$	100.00	
Net Income (Loss)	$	201,368.25	$	-	$	201,368.25	$	-	

Oct-20	Nov-20	Dec-20	Jan-21	Feb-21	Mar-21

Revenues
Off-Roll Assessments

$	-	$

-	$ 450,987.27

$	50,535.56

$   35,999.74	$

443.57

Developer Contributions	-	-	1,494.50	-	725.00	4,449.50

Net Revenues

General & Administrative Expenses Legislative

$	-	$

-	$ 452,481.77

$	50,535.56

$   36,724.74

$	4,893.07

Supervisor Fees	$	400.00	$	200.00	$	-	$	400.00	$	400.00	$	400.00	
Public Officials' Liability Insurance	3,498.00	-	-	-	-	-	
Trustee Services	6,343.15	-	-	-	-	-	
Management	3,125.00	3,125.00	3,125.00	3,125.00	3,125.00	3,125.00	
Engineering	-	750.00	187.50	125.00	750.00	312.50	
Dissemination Agent	-	-	-	1,250.00	-	1,250.00	
District Counsel	-	-	4,563.00	2,709.50	1,710.30	2,855.64	
Assessment Administration	7,500.00	-	-	-	-	-	
Reamortization Schedules	-	-	-	-	-	-	
Audit	-	-	-	-	-	-	
Arbitrage Calculation	-	-	-	-	-	-	
Travel and Per Diem	-	-	18.29	-	6.90	-	
Telephone	-	-	-	-	-	-	
Postage & Shipping	-	35.12	12.48	14.52	14.85	13.08	
Copies	-	-	-	-	-	-	
Legal Advertising	1,105.02	361.26	-	342.50	346.25	-	
Miscellaneous	-		-		40.16		-		-		-	
Property Taxes	-		-		-		-		-		-	
Web Site Maintenance	125.00		125.00		125.00		425.00		125.00		125.00	
Holiday Decorations	300.00		-		-		-		-		-	
Dues, Licenses, and Fees	175.00		-		-		-		-		-	
Total General & Administrative Expenses	$  22,571.17		$	4,596.38		$	8,071.43		$	8,391.52		$	6,478.30		$	8,081.22	

Field Operations													
Electric Utility Services
Electric	
$	
-	
$	
371.46	
$	
375.99	
$	
400.42	
$	
380.66	
$	
377.37	
Entry Lighting		-		-		-		-		-		-	
Water-Sewer Combination Services
Water Reclaimed		
-		
1,984.19		
1,772.44		
3,111.22		
2,289.42		
1,500.88	
Other Physical Environment													

Financial & Administrative

General Insurance	3,968.00	-	-	-	-	-	
Property & Casualty Insurance	3,761.00	-	-	-	-	-	
Other Insurance	-	-	-	-	-	-	
Irrigation Repairs	2,800.96	5,767.06	4,141.56	5,719.40	5,422.00	6,150.00	
Landscaping Maintenance & Material	21,391.81	21,391.81	21,391.81	21,391.81	21,877.64	21,877.64	
Landscape Improvements	-	4,445.00	-	-	-	-	
Tree Trimming	-	150.00	-	-	-	-	
Contingency	-	-	9,975.00	619.00	2,824.00	-	
Pest Control	-	-	-	-	-	1,510.00	
Hurricane Cleanup	-	-	-	-	-	-	
terchange Maintenance Expenses
IME - Aquatics Maintenance	271.37	271.37	271.37	271.37	271.37	271.37	
IME - Irrigation	-	97.91	298.74	318.50	213.93	-	
IME - Landscaping	6,565.22	6,565.22	-	13,130.44	6,630.22	-	
IME - Lighting	-	59.81	61.23	68.05	59.09	59.30	
IME - Miscellaneous	1,170.00	-	1,560.00	196.62	307.35	99.12	
IME - Water Reclaimed	-	27.81	35.21	22.65	37.00	27.81	
Entry and Wall Maintenance	-	137.21	-	-	-	-	
Streetlights	-	5,167.46	5,315.97	5,207.64	6,456.95	6,457.75	
Personnel Leasing Agreement	3,000.01	3,000.01	3,000.01	3,000.01	3,000.01	3,000.01	

In

Road & Street Facilities

Parks & Recreation Reserves
Infrastructure Capital Reserve	-	-	-	-	-	-
Interchange Maintenance Reserve	-	-	-	-	-	-

YTD Actual

$   537,966.14
6,669.00	
$ 544,635.14

$	1,800.00

3,498.00
6,343.15
18,750.00
2,125.00
2,500.00
11,838.44
7,500.00
-
-
- 25.19
- 90.05
- 2,155.03
40.16
- 1,050.00
300.00
175.00	
$	58,190.02

$	1,905.90
- 10,658.15
3,968.00
3,761.00
- 30,000.98
129,322.52
4,445.00
150.00
13,418.00
1,510.00
-

1,628.22
929.08
32,891.10
307.48
3,333.09
150.48

137.21
28,605.77

18,000.06

-
-	
$   285,122.04

$   343,312.06	

Total Field Operations Expenses

Total Expenses

$  42,928.37

  $  65,499.54  

$  49,436.32

  $  54,032.70  

$  48,199.33

  $  56,270.76  

$	53,457.13

  $	61,848.65  

$   49,769.64

  $   56,247.94  

$   41,331.25

  $   49,412.47  

YTD Actual

$   201,323.08

$	45.17	
$	45.17	
$ 201,368.25	

Oct-20	Nov-20	Dec-20	Jan-21	Feb-21	Mar-21

Income (Loss) from Operations	$	(65,499.54)	$	(54,032.70)	$	396,211.01	$	(11,313.09)	$	(19,523.20)	$	(44,519.40)	

Other Income (Expense)
Interest Income	

$	5.31		

$	4.71		

$	8.98		

$	8.75		

$	8.20		

$	9.22	
Total Other Income (Expense)	$	5.31		$	4.71		$	8.98		$	8.75		$	8.20		$	9.22	
Net Income (Loss)	$ (65,494.23)		$ (54,027.99)		$ 396,219.99		$  (11,304.34)		$ (19,515.00)		$ (44,510.18)	

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	
-	-	20,554.08	(58,309.73)	341,900.55	
-	-	156,995.84	(6,138.79)	492,757.60 as of 04/13/2021	

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	
4/1/2021	341,900.55	

Totals	 	1,197,023.69	(1,011,369.87)	782,397.96	(426,518.24)

Boggy Creek Improvement District Construction Tracking - mid-April

Amount

Series 2018 Bond Issue
Original Construction Fund - Not To Exceed

$	25,000,000.00

Additions (Interest, Transfers from DSR, etc.)		167,579.35 Cumulative Draws Through Prior Month	(11,425,838.98)
==========
Construction Funds Available	$	13,741,740.37

Requisitions This Month

Total Requisitions This Month Construction Funds Remaining

==========
$	-
==========
$	13,741,740.37

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

Total Committed Funding

$	-
==========

Net Uncommitted	13,741,740.37