Scenic Terrace South Community Development District
Meeting Agenda October 18, 2023

Scenic Terrace South
Community Development District

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

October 11, 2023

Board of Supervisors Scenic Terrace South
Community Development District

Dear Board Members:

A regular Board of Supervisors meeting of the Scenic Terrace South Community Development District will be held on Wednesday, October 18, 2023 at 1:45 PM at 346 E. Central Ave., Winter Haven, FL 33880.

Zoom Video Link: https://us06web.zoom.us/j/84885809744
Zoom Call-In Number: 1-646-876-9923
Meeting ID: 848 8580 9744

Following is the advance agenda for the meeting:

Board of Supervisors Meeting

Roll Call
Public Comment Period (1Speakers will fill out a card and submit it to the District Manager prior to the beginning of the meeting)
Approval of Minutes of the August 16, 2023 Board of Supervisors Meeting
Consideration of Resolution 2024-01 Supplemental Assessment Resolution (Series 2023 Bonds)
Consideration of Assignment of Construction Contract Agreement for Phase 4 (to be provided under separate cover)
Staff Reports
Attorney
Engineer
Consideration	of	Work	Authorization	2024-1	to	Provide	District Engineering Services from Dewberry
District Manager’s Report
Approval of Check Register
Balance Sheet & Income Statement
Other Business
Supervisors Requests and Audience Comments
Adjournment

1 Comments will be limited to three (3) minutes

MINUTES
MINUTES OF MEETING SCENIC TERRACE SOUTH
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Scenic Terrace South Community Development District was held Wednesday, August 16, 2023 at 1:55 p.m. at 346 E. Central Avenue, Winter Haven, Florida.

Present and constituting a quorum:

Rennie Heath	Chairman
Lauren Schwenk	Vice Chairman
Patricia Hudson	Assistant Secretary
Chuck Cavaretta	Assistant Secretary Also present were:
Jill Burns	District Manager, GMS
Roy Van Wyk	District Counsel, KVW Law
Rey Malave by Zoom	District Engineer, Dewberry
Chase Arrington by Zoom	District Engineer, Dewberry

FIRST ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order and called the roll. Four Board members were present constituting a quorum.

SECOND ORDER OF BUSNESS	Public Comment Period
Ms. Burns noted that there were no members of the public present at this time or via Zoom.

THIRD ORDER OF BUSINESS	Approval of Minutes of the July 19, 2023
Board of Supervisors Meetings
Ms. Burns presented the minutes from the July 19, 2023 Board of Supervisors meeting and asked for any changes or corrections from the Board.

FOURTH ORDER OF BUSINESS	Public Hearing

Continued Public Hearing on the Imposition of Operations and Maintenance Special Assessments (continued from July 19, 2023 Board Meeting)
Ms. Burns stated that this had been continued from the July 19th meeting due to them having to send the notice to the boundary amendment area. She asked for a motion to open the public hearing.

Ms. Burns stated that no members of the public were present, therefore she asked for a motion to close the public hearing.

Consideration of Resolution 2023-15 Imposing Special Assessments and Certifying an Assessment Roll
Ms. Burns stated that the resolution was included in the package, adding that it levied the assessment based on the budget that the Board previously adopted. She also noted that it would be sent out on the Polk County tax bill in November.

FIFTH ORDER OF BUSINESS	Presentation and Approval of Engineer’s
Report – Amended and Restated dated August 14, 2023
Ms. Burns stated that the only change on the report were the added comments from bond counsel. Mr. Malave added that all of the numbers and reports were still the same.

SIXTH ORDER OF BUSINESS	Presentation and Approval of Updated
Supplemental Assessment Methodology for Series 2023 Bonds dated August 16, 2023
Ms. Burns stated that the only change to the report was the date for the new Engineer’s Report. She asked for a motion to approve.

SEVENTH ORDER OF BUSINESS	Consideration	of	Resolution	2023-16
Delegation Resolution (Series 2023)
Ms. Bligh presented the resolution, noting that it contained documents and exhibits to sell one series of bonds for the primary purpose of paying for all of the District’s portion of the costs of the public infrastructure for Phase 4. She noted that the documents included were a second supplemental indenture, a bond purchase contract, a preliminary limited offering memorandum, a Rule 15c212 certificate, and a continuing disclosure agreement. She also pointed out sections 4 and 5, which included findings so that the District didn’t have to do a public offering and the parameters for the Series 2023 bonds. She added that the aggregate principle amount of the Series 2023 bonds had a not-to-exceed of $3,500,000. She asked for a motion to approve.

EIGHTH ORDER OF BUSINESS	Consideration of Series 2023 Developer
Agreements
True-Up Agreement
Completion Agreement
Acquisition Agreement
Collateral Assignment Agreement
Declaration of Consent
Notice of Special Assessments
Ms. Van Wyk presented the developer agreements, noting that they included the true-up agreement, complete  agreement,  acquisition  agreement,  collateral  assignment agreement,

declaration of consent agreement, a declaration of consent agreement, and a notice of special assessments. He added that the notice of special assessments would be recorded once they received the final numbers for the issuance of bonds. He asked for a motion to approve in substantial form.

NINTH ORDER OF BUSINESS	Consideration of Letter from FMS to
Provide Underwriting Services for Series 2023 Bonds
Ms. Burns presented the letter from FMS, noting that it was standard and asked if there were any questions. Hearing no comments, she asked for a motion to approve.

TENTH ORDER OF BUSINESS	Consideration	of	Resolution	2023-17
Ratifying Series 2022 Bonds
Ms. Burns stated that the resolution was a cleanup item because they didn’t approve it after the last issuance. She added that it would ratify and confirm all action taken by staff in coordination with the bonds.

ELEVENTH ORDER OF BUSINESS	Consideration of Notice of Lien of Special
Assessments for Series 2022 Project Bonds
Ms. Burns presented the notice of lien of special assessments and asked for a motion to approve.

TWELFTH ORDER OF BUSINESS	Consideration of Amended and Restated
Notice	of	Special	Assessments	and Government Lien of Record
Ms. Burns stated that the notice of special assessments was a combined notice of the new issuance as well as the older one.

THIRTEENTH ORDER OF BUSINESS	Consideration  of  Interlocal  Agreement
between the Scenic Terrace North CDD and Scenic Terrace South CDD Regarding Mutual Cooperation for the Financing, Operation, and Maintenance of Certain Amenities to be Acquired and/or Constructed
Mr. Van Wyk explained that Scenic Terrance North and South would be sharing amenities and therefore would be making an interlocal agreement between the districts to distinguish maintenance and financial responsibilities between both districts. He asked for a motion to approve.

FOURTEENTH ORDER OF BUSINESS	Consideration	of	Joint	Acquisition
Agreement Between the Scenic Terrace North CDD and Scenic Terrace South CDD Regarding the Joint Acquisition of Certain Work Product and Improvements

Mr. Van Wyk presented the joint acquisition agreement, stating that both parties would agree to pay for the costs associated with the construction or acquisition of the amenity improvements. He asked for a motion to approve.

FIFTEENTH ORDER OF BUSINESS	Consideration of Disclosure and Consent
Amenity Conflict Waiver
Mr. Van Wyk presented the conflict waiver, noting that if a conflict arose in the future, they would have to get separate counsel to represent the two districts.

SIXTEENTH ORDER OF BUSINESS	Consideration	of	Uniform	Collection
Agreement	with	Polk	County	Tax Collector
Ms. Burns presented the uniform collection agreement, noting that it allowed the District to collect their assessments on the tax bill for the upcoming year.

SEVENTEENTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Van Wyk stated he had nothing to report.

Engineer
Mr. Malave noted he had nothing further to report.

District Manager’s Report
Approval of Check Register
Ms. Burns presented the check register that is included in the agenda package for the Board to review for June 2023 totaling $1,064,349.98. She asked for any questions on those, otherwise looking for a motion to approve.

Balance Sheet & Income Statement
Ms. Burns stated financial packets were included in the package for review. No action is necessary from the Board.

EIGHTEENTH ORDER OF BUSINESS	Other Business
There being no comments, the next item followed.

NINETEENTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
There being no comments, the next item followed.

TWENTIETH ORDER OF BUSINESS	Adjournment
Ms. Burns adjourned the meeting.

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section IV
RESOLUTION 2024-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SCENIC TERRACE SOUTH COMMUNITY DEVELOPMENT DISTRICT SETTING FORTH THE SPECIFIC TERMS OF THE DISTRICT’S SPECIAL ASSESSMENT BONDS, SERIES 2023 (SERIES 2023 PROJECT); CONFIRMING THE DISTRICT’S PROVISION OF IMPROVEMENTS; CONFIRMING THE AMENDED AND RESTATED ENGINEER’S REPORT AND SUPPLEMENTAL ASSESSMENT METHODOLOGY REPORT; CONFIRMING, ALLOCATING AND AUTHORIZING THE COLLECTION OF SPECIAL ASSESSMENTS SECURING THE SERIES 2023 BONDS; PROVIDING FOR THE APPLICATION OF TRUE-UP PAYMENTS; PROVIDING FOR THE SUPPLEMENTATION OF THE IMPROVEMENT LIEN BOOK; PROVIDING FOR THE RECORDING OF A NOTICE OF SERIES 2023 SPECIAL ASSESSMENTS; PROVIDING FOR CONFLICTS, SEVERABILITY AND AN EFFECTIVE DATE.

WHEREAS, the Scenic Terrace South Community Development District (“District”) has previously indicated its intention to undertake, install, establish, construct or acquire certain public improvements and to finance such public improvements through the imposition of special assessments on benefited property within the District and the issuance of bonds; and

WHEREAS, the District’s Board of Supervisors (“Board”) has previously adopted, after notices and public hearings, Resolution No. 2023-11, relating to the imposition, levy, collection and enforcement of such special assessments; and

WHEREAS, pursuant to and consistent with the terms of Resolution No. 2023-11, this Resolution shall set forth the terms of bonds actually issued by the District, and apply the adopted special assessment methodology to the actual scope of the project to be completed with such series of bonds and the terms of the bond issue; and

WHEREAS, on October 4, 2023, the District entered into a Bond Purchase Contract, whereby it agreed to sell $2,195,000 aggregate principal amount Scenic Terrace South Community Development District Special Assessment Bonds, Series 2023 (the “Series 2023 Bonds”); and

WHEREAS, pursuant to and consistent with Resolution No. 2023-11, the District desires to set forth the particular terms of the sale of the Series 2023 Bonds and to confirm the liens of the levy of special assessments securing the Series 2023 Bonds; and

WHEREAS, any capitalized terms not specifically described herein shall have the meanings ascribed to them by the Master Trust Indenture, dated as of April 1, 2022 ("Master Indenture"), as supplemented with respect to the Series 2023 Bonds by the Second Supplemental Trust Indenture, dated as of October 1, 2023 ("Second Supplemental Trust Indenture" and, together with the Master Indenture, "Indenture").
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE SCENIC TERRACE SOUTH COMMUNITY DEVELOPMENT DISTRICT AS FOLLOWS:

SECTION 1. AUTHORITY FOR THIS RESOLUTION. This Resolution is adopted pursuant to the provisions of Florida law, including Chapters 170, 190 and 197, Florida Statutes, and Resolution No. 2023-11.

SECTION 2. FINDINGS. The Board of Supervisors of the Scenic Terrace South Community Development District hereby finds and determines as follows:

On July 19, 2023, the District, after due notice and public hearing, adopted Resolution 2023-11 which, among other things, equalized, approved, confirmed and levied special assessments on property benefiting from the improvements authorized by the District. Each Resolution provides that as each series of bonds is issued to fund all or any portion of the District’s improvements, a supplemental resolution will be adopted to set forth the specific terms of each series of the bonds and certifying the amount of the liens of the special assessments securing any portion of the bonds, including interest, costs of issuance, the number of payments due, any True-Up amounts and the application of receipt of any True-Up proceeds.

The Scenic Terrace South Community Development District Engineer’s Report- Amended and Restated, dated August 31, 2023 (the “Engineer’s Report”), attached to this Resolution as Exhibit A, identifies and describes the presently expected components of the infrastructure improvements (“Series 2023 Project”), to be financed all or in part with the Series 2023 Bonds (the “Improvements”), and indicates the estimated costs of the Series 2023 Project as $4,135,063. The District hereby confirms that the Series 2023 Project serves a proper, essential and valid public purpose. The Engineer’s Report is hereby approved, adopted, and confirmed. The District ratifies its use in connection with the sale of the Series 2023 Bonds.

The Amended and Restated Master Assessment Methodology, dated May 17, 2023 (the “Master Methodology”), as supplemented by that Supplemental Assessment Methodology, dated October 4, 2023 (“Supplemental Methodology”, and together with the Master Methodology, the “Assessment Report”), attached to this Resolution as Composite Exhibit B, applies the Assessment Report to the Improvements and the actual terms of the Series 2023 Bonds. The Assessment Report is hereby approved, adopted and confirmed. The District ratifies its use in connection with the sale of the Series 2023 Bonds.

The Series 2023 Project will specially benefit all property within the District, the legal description of the assessable property therein is attached hereto as Exhibit C. It is reasonable, proper, just and right to assess the portion of the costs of the Series 2023 Project financed with the Series 2023 Bonds, the specially benefited properties within the District as set forth in Resolution No. 2023-11, and this Resolution.

SECTION 3. SETTING FORTH THE TERMS OF THE SERIES 2023 BONDS; CONFIRMATION OF MAXIMUM ASSESSMENT LIEN FOR SERIES 2023 BONDS. As
provided in Resolution No. 2023-11, this Resolution is intended to set forth the terms of the
Series 2023 Bonds and the final amount of the liens of the special assessments securing those bonds.

The Series 2023 Bonds, in an aggregate principal amount of $2,195,000, shall bear such rates of interest and maturity as shown on Exhibit D, attached hereto. The final payment on the Series 2023 Bonds shall be due on November 1, 2053. The estimated sources and uses of funds of the Series 2023 Bonds shall be as set forth in Exhibit E. The debt service due on the Series 2023 Bonds is set forth on Exhibit F attached hereto.

The lien of the special assessments securing the Series 2023 Bonds on Series 2023 Assessment Area (the “Series 2023 Special Assessments”), shall be the principal amount due on the Series 2023 Bonds, together with accrued but unpaid interest thereon, and together with the amount by which annual assessments are grossed up to include early payment discounts required by law and costs of collection. The Series 2023 Bonds are secured solely by the Series 2023 Pledged Revenues (as defined in the Indenture), which is comprised in part by the lien against the property within the District (also known as the “Series 2023 Assessment Area”).

SECTION 4. ALLOCATION OF ASSESSMENTS SECURING THE SERIES 2023 BONDS; ADDRESSING COLLECTION OF THE SAME.

The special assessments for the Series 2023 Bonds shall be allocated in accordance with Composite Exhibit B, which allocation shall initially be on an acreage basis and further allocated as lands are platted. The Supplemental Methodology is consistent with the District’s Master Methodology. The Supplemental Methodology, considered herein, reflects the actual terms of the issuance of the District’s Series 2023 Bonds. The estimated costs of collection of the special assessments for the Series 2023 Bonds are as set forth in the Supplemental Methodology.

The lien of the special assessments securing the Series 2023 Bonds includes all property within Series 2023 Assessment Area, and as such land is ultimately defined and set forth in any plats, certificates of occupancy or other designations of developable acreage.

Taking into account capitalized interest and earnings on certain funds and accounts as set forth in the Assessment Report, the District shall, for Fiscal Year 2024/2025, begin annual collection of special assessments for the Series 2023 Bonds debt service payments due starting May 1, 2024, using the methods available to it by law. Debt service payments, including semi-annual installments of interest, are reflected on Exhibit F for Series 2023 Assessment Area.

The Series 2023 Special Assessments may be paid in not more than thirty (30) substantially equal consecutive annual installments of principal and interest. Series 2023 Special Assessments may be paid in full without interest at any time within thirty (30) days after the completion of the Improvements and the adoption by the Board of a resolution accepting the Improvements; provided, however, that the Board shall at any time make such adjustments by resolution, at a noticed meeting of the Board, to that payment schedule as may be necessary and in the best interests of the District to account for changes in long and short term debt as actually issued by the District. All impact fee credits received shall be applied against the outstanding
indebtedness of any debt issuance that funded the improvement giving rise to the credits which application may be addressed by such resolutions. At any time subsequent to thirty (30) days after the Improvements have been completed and a resolution accepting the Improvements has been adopted by the Board, the Series 2023 Special Assessments may be prepaid in full including interest amounts to the next succeeding interest payment date or to the second succeeding interest payment date if such a prepayment is made within forty-five (45) calendar days before an interest payment date (or such other time as set forth in the supplemental indenture for the applicable series of bonds secured by the debt assessment in question). The owner of property subject to Series 2023 Special Assessments may prepay the entire remaining balance of the Series 2023 Special Assessments at any time, or a portion of the remaining balance of the Series 2023 Special Assessments one time if there is also paid, in addition to the prepaid principal balance of the Series 2023 Special Assessments, an amount equal to the interest that would otherwise be due on such prepaid amount on the next succeeding interest payment date, or, if prepaid during the forty-five day period preceding such interest payment date, to the interest payment date following such next succeeding interest payment date (or such other time as set forth in the supplemental indenture for the applicable series of bonds secured by the debt assessment in question). Prepayment of Series 2023 Special Assessments does not entitle the property owner to any discounts for early payment.

The District hereby certifies the Series 2023 Special Assessments for collection and directs staff to take all actions necessary to meet the time and other deadlines imposed by Polk County and Florida law for collection. The District intends, to the extent possible and subject to entering into the appropriate agreements with the Polk County Tax Collector and Polk County Property Appraiser (or other appropriate Polk County, Florida officials) to collect the Series 2023 Special Assessments on platted lands contained within a plat or certificate of occupancy using the Uniform Method in Chapter 197, Florida Statutes. The District intends, to the extent possible, to directly bill, collect and enforce the Series 2023 Special Assessments on lands not included within an approved plat or certificate of occupancy unless in any year, the District determines it to be in its best interest to collect such assessments using the Uniform Method in Chapter 197, Florida Statutes. The District Manager shall prepare or cause to be prepared each year an assessment roll for purposes of effecting the collection of the Series 2023 Special Assessments and present same to the District Board as required by law. The District Manager is further directed and authorized to take all actions necessary to collect special assessments on property using methods available to the District authorized by Florida law in order to provide for the timely payment of debt service.

SECTION 5.	APPROVAL OF TRUE-UP PROCESS AND APPLICATION OF TRUE-UP PAYMENTS.

Pursuant to Resolution No. 2023-11, there may be required from time to time certain True-Up payments. As parcels of land are included in a plat or certificate of occupancy, the special assessments securing the Series 2023 Bonds shall be allocated as set forth in Resolution No. 2023-11, this Resolution and the Assessment Report, including, without limitation, the application of the True-Up process set forth in the Assessment Report.

Based on the final aggregate principal amount of $2,195,000 in Series 2023 Bonds, the True-Up calculations will be made in accordance with the process set forth in the Assessment
Report. The District shall apply all True-Up payments related to the Series 2023 Bonds only to the credit of the Series 2023 Bonds. All True-Up payments, as well as all other prepayments of assessments, shall be deposited into the accounts specified in the Supplemental Indenture.

SECTION 6. IMPROVEMENT LIEN BOOK. Immediately following the adoption of this Resolution, these special assessments as reflected herein shall be recorded by the Secretary of the Board of the District in the District’s Improvement Lien Book. The special assessment or assessments against each respective parcel shall be and shall remain a legal, valid and binding first lien on such parcel until paid and such lien shall be coequal with the lien of all state, county, district, municipal or other governmental taxes and superior in dignity to all other liens, titles, and claims.

SECTION 7. OTHER PROVISIONS REMAIN IN EFFECT.	This Resolution is
intended to supplement Resolution No. 2023-11, which remains in full force and effect. This Resolution and Resolution No. 2023-11 shall be construed to the maximum extent possible to give full force and effect to the provisions of each resolution. All District resolutions or parts thereof in actual conflict with this Resolution are, to the extent of such conflict, superseded and repealed.

SECTION 8. ASSESSMENT NOTICE. The District’s Secretary is hereby directed to record a Notice of Series 2023 Special Assessments securing the Series 2023 Bonds, in the Official Records of Polk County, Florida, or such other instrument evidencing the actions taken by the District.

SECTION 9. SEVERABILITY. If any section or part of a section of this Resolution be declared invalid or unconstitutional, the validity, force and effect of any other section or part of a section of this resolution shall not thereby be affected or impaired unless it clearly appears that such other section or part of a section of this resolution is wholly or necessarily dependent upon the section or part of a section so held to be invalid or unconstitutional.

SECTION 10. EFFECTIVE DATE. This Resolution shall become effective upon its adoption.

[Remainder of page intentionally left blank]
APPROVED AND ADOPTED this 18th day of October 2023.

ATTEST:	SCENIC TERRACE SOUTH
COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A:	Scenic Terrace South Community Development District Engineer’s Report-Amended and Restated, dated August 31, 2023
Comp. Exhibit B:  Amended and Restated Master Assessment Methodology, dated May 17, 2023, as supplemented by that Supplemental Assessment Methodology, dated October 4, 2023
Exhibit C:	Legal Description of Series 2023 Assessment Area Exhibit D:	Maturities and Coupons of Series 2023 Bonds Exhibit E:	Sources and Uses of Funds for Series 2023 Bonds Exhibit F:	Debt Service for Series 2023 Bonds
Exhibit A Engineer’s Report

REFERENCE NO. 50152071

SCENIC TERRACE SOUTH COMMUNITY DEVELOPMENT DISTRICT
Engineer's Report – Amended and Restated
AUGUST 31, 2023		

	
ORIGINAL	

SUBMITTED BY
Dewberry Engineers Inc. 800 North Magnolia Avenue Orlando, Florida 32803
407.843.5120	
SUBMITTED TO
Scenic Terrace South Community Development District
219 East Livingston Street Orlando, Florida 32801
407.841.5524	

Engineer's Report Amended and Restated
Table of Contents
Introduction	3
Purpose and Scope	4
The Development	4
Capital improvements	4
Capital improvement Plan Components	5
Stormwater Management Facilities	5
Public Roadways	5
Water and Wastewater Facilities	5
Off-Site Improvements	6
Amenities and Parks	6
Electric Utilities and Lighting	6
Entry Feature	6
Miscellaneous	6
Permitting	6
Recommendation	7
Report Modification	7
Summary and Conclusion	7
Engineer’s Certification	7
Table of Tables
Aerial Location Map	Exhibit 1
Legal Description of Existing District	Exhibit 2
Legal Description of Expansion/Contraction Parcels	Exhibits 3A-3C

List of Exhibits
Legal Description of Amended District	Exhibit 4

Existing Land Use Map Composite	Exhibit 5

Future Land Use Map Composite	Exhibit 5

Utility Location Map and Drainage Flow Pattern Map	Exhibit 6

Summary of District Facilities	Exhibit 7A

Summary of Opinion of Probable Cost	Exhibit 7B

Overall Site Plan	Exhibit 8

Introduction
The Scenic Terrace South Community Development District (the ''District" or “CDD”) is located at Scenic Highway (SR 17) and Hughes Road and within the Town of Lake Hamilton (“Town”). The CDD was established under Town Ordinance No. O-21-19, which was approved by the Town of Lake Hamilton Commission on October 5, 2021. The District will own and operate the public roadways, utility systems, and stormwater management facilities, as well as the landscape, irrigation, signage, and recreational facilities within the development. The District previously contained approximately 188.33 acres and was expected to consist of 744 residential lots of various sizes for single-family dwellings with recreation/amenity areas, parks, and associated infrastructure for the development. On May 2, 2023, Ordinance No. O-23-05 was passed in the Town of Lake Hamilton, effectively removing approximately 15.699 acres from the District, adding approximately 30.182 acres to the District, and correcting a scrivener’s error regarding the original metes and bounds legal description of the District. With the approved Ordinance, the total area of the District to 211.11 is acres with an expected 843 residential lots of various sizes.

ST DEV PARTNERS, LLC a Florida limited liability company, is the Developer and owner of certain lands within the District, with a mailing address of 346 E. Central Avenue, Winter Haven, Florida 33880, and its successors and assigns (“Developer” or “Landowner”). The District is approved as a Planned Unit Development (PUD) for residential units and is divided into four phases. A land use summary is presented in Table 2.1.

Public improvements and facilities financed, acquired, and/or constructed by the District will be designed and constructed to conform to regulatory criteria from the Town, Polk County (“County”), Southwest Florida Water Management District (SWFWMD), and other applicable agencies with regulatory jurisdiction of the District. An overall estimate of the probable cost of the public improvements is provided in Exhibit 7 of this report.

The Capital Improvement Plan (CIP) or this Engineer’s Report reflects the present intentions of the District and the landowners. It should be noted that the location of the proposed facilities and improvements may be adjusted during the final design, permitting, and implementation phases. It should also be noted that these modifications are not expected to diminish the benefits to the property within the District. The District reserves the right to make reasonable adjustments to the development plan to meet applicable regulatory agency requirements while maintaining a comparable level of benefits to the lands served by the improvements. Changes and modifications are expected as changes in regulatory criteria are implemented.

Table 1.1 Land Use Summary

LAND USE SUMMARY		
LAND USE	AREA (AC)	
Master Stormwater System	42.88 ac	
Residential Land (Single-Family 40-ft and 50-ft Lots)	86.79 ac	
Roadways Infrastructure & Public Facilities	67.47 ac	
Open Space/Conservation Areas/Parks	13.97 ac	
TOTAL	211.11 ac	

Table 1.2 Lot Types

LOT TYPES			
LOT WIDTH	NUMBER OF LOTS	AREA (AC)	
40-ft	293	25..21 ac	
50-ft	550	61.58 ac	
TOTAL	843	86.79	

Implementation of any proposed facilities or improvements outlined in this report requires written approval from the District's Board of Supervisors. Estimated costs outlined in this report are based on the best available information, which includes but is not limited to previous experience with similar projects. Actual costs could be different than estimates as final engineering and specific field conditions may affect construction costs.

All roadway improvements including sidewalks in the right-of-way and storm drainage collection systems (from the curb inlets to their connection to the stormwater ponds) within the development will be maintained by the District. Water distribution and wastewater collection systems (gravity lines, force mains, and lift stations) will be dedicated to the Town of Lake Hamilton and Haines City for ownership and maintenance upon completion.

Purpose and Scope
The purpose of this report is to provide engineering support for the funding of the proposed improvements within the District. This report identifies the proposed public infrastructure to be constructed or acquired by the District along with an Opinion of Probable Construction Costs. The District will finance, construct, acquire, operate, and maintain all or specific portions of the proposed public infrastructure.

The predominant portion of this report provides descriptions of the proposed public infrastructure improvements, determination of estimated probable construction costs, and the corresponding benefits associated with the implementation of the described improvements. Detailed site construction plans and specifications have been completed and permitted for the improvements described herein. The engineer has considered and, in specific instances, has relied upon the information and documentation prepared or supplied by others to prepare this Engineer’s Report.

The Development
The development will consist of a total of 843 residential units and associated infrastructure. The development is a planned residential community consisting of 211.11 acres on the east and west sides of SR 17 Scenic Highway and the north and south sides of Hughes Road. The District is located within the Town of Lake Hamilton in Polk County. The future land use is Residential Lands – 5 (RL-5) and zoning is Planned Unit Development (PUD). The development will be constructed in four phases.

Capital improvements
The CIP consists of public infrastructure in the development. The primary portions of the CIP will provide for stormwater pond construction, roadways built to an urban roadway typical section, water, and sewer facilities including three lift stations, and off-site improvements (including turn lanes and extension of water and sewer mains to serve the development).

Stormwater structures and conveyance culverts will be constructed within the CIP, which will outfall into the various on- site stormwater ponds. These structures and pond areas comprise the overall stormwater facilities of the CIP.

Installation of the water distribution and wastewater collection system will also occur at this time, as well as the three lift stations serving the project. Below-ground installation of telecommunications and cable television will occur but will not be funded by the District. The incremental cost of undergrounding power within the public rights-of-way or easements will be funded by the District.

As a part of the recreational component of the CIP, conservation areas will serve as passive parks within the development that are available to the public for utilization of the facilities. The recreational areas will have connectivity via sidewalks to the other portions of the District. The recreational areas will be open to the public and accessible by public roadways and sidewalks.

Capital improvement Plan Components
The CIP for the District includes the following:

Stormwater Management Facilities
Stormwater management facilities consisting of storm conveyance systems and retention/detention ponds are contained within the District boundaries. Stormwater will be discharged via roadway curb and gutter and storm inlets. Storm culverts convey the runoff into the proposed retention ponds for water quality treatment and attenuation. The proposed stormwater systems will utilize dry retention and wet retention for biological pollutant assimilation to achieve water quality treatment. The design criteria for the District’s stormwater treatment systems are regulated by the Town, County, and SWFWMD. There are very few conservation areas throughout the District, which will be preserved in the existing condition and will accept stormwater discharges from our ponds as shown in Exhibit 6.

Federal Emergency Management Agency Flood Insurance Rate Map (FEMA FIRM) Panel Numbers 12105C0380G and 12105C0390G demonstrate that the property is located within Flood Zones AE and X. Based on this information and the site topography, it appears that 100-year compensation will be located in areas where existing depressions will be impacted throughout the development and the 100-year flood volumes will be compensated as it is required the county and FEMA.

During the construction of stormwater management facilities, utilities, and roadway improvements, the contractor will be required to adhere to a Stormwater Pollution Prevention Plan (SWPPP) as required by the Florida Department of Environmental Protection (FDEP) as delegated by the Environmental Protection Agency (EPA). The SWPPP will be prepared to depict the proposed recommended locations of required erosion control measures and staked turbidity barriers specifically along the downgradient side of any proposed construction activity. The site contractor will be required to provide the necessary reports as required by the National Pollutant Discharge Elimination System (NPDES) General Permit with erosion control, its maintenance, and any rainfall events that occur during construction activity.

Public Roadways
The proposed public roadway sections include a 24-foot roadway consisting of asphalt and with Miami curbs or Type F curb and gutter on both sides along with a 50-foot right-of-way. The proposed roadway section will consist of stabilized subgrade, a lime rock, crushed concrete, or cement-treated base and asphalt type roadway wearing surface. The proposed curb is to be 2-feet wide and placed along the edge of the proposed roadway section for purposes of protecting the integrity of the pavement and to provide stormwater runoff conveyance to the proposed stormwater inlets.

The proposed roadways will also require signage and pavement markings within the public rights-of-way, as well as street signs depicting street name identifications, and addressing, which will be utilized by the residents and public. As stated above, the District will fund roadway construction for all public roadways.

Water and Wastewater Facilities
A potable drinking water system inclusive of a water main, gate valves, fire hydrants, and appurtenances will be installed. The water service provider will be the Town of Lake Hamilton or Haines City Public Utilities. The water system will be designed to provide an equally distributed system that provides redundancy to the system. These facilities will be installed within the proposed public rights-of-way and will provide potable drinking water (domestic) and fire protection services to serve the entire District.

A domestic wastewater collection system inclusive of gravity sanitary sewer mains and sewer laterals will be installed. The gravity sanitary sewer mains will be a minimum of eight (8)-inch diameter PVC pipe systems. The gravity sanitary sewer lines will be placed inside of the proposed public rights-of-way, under the proposed paved roadways. Sewer laterals will branch off from these sewer lines to serve the development. Three lift stations are anticipated for this CIP. Flow from the lift stations shall be connected to a proposed force main that will pump to an existing force main that will connect to the Town’s or Haines City’s wastewater treatment facility. No water or sewer laterals will be placed within private lots or private property.

Off-Site Improvements
The District will provide funding for the anticipated turn lanes at the development entrances. The site construction activities associated with the CIP are anticipated to be completed in the next two to three years. Upon completion of each phase, the improvements will be through the required inspections as well as final certifications of completions will be obtained from SWFWMD, Polk County Health Department (water distribution system), FDEP (wastewater collection), Town of Lake Hamilton Public Utilities, and the County.

Amenities and Parks
The District will provide funding for an amenity center to include the following: parking areas, pavilion with restroom facilities, pool, all-purpose playfields, and walking trails between the phases and villages to provide connectivity to the various amenity centers within the CDD. In addition, there will be passive parks throughout the development, which will include benches and walking trails. The amenities and parks will be open to the public.

Electric Utilities and Lighting
The electric distribution system thru the District is currently planned to be underground, The District presently intends to fund and construct the incremental cost of undergrounding of the electric conduits, transformer/cabinet pads, and electric manholes required by Duke Energy (Duke). Electric facilities will be maintained by Duke after the dedication to The District, with Duke providing underground electrical service to the development.

Entry Feature
Landscaping, irrigation, entry features, and walls at the entrances and along the outside boundary of the development will be provided by the District. The development will not be gated. The irrigation system will use an irrigation well. The well and irrigation water mains for the development’s various phases will be constructed and acquired by the CDD with District funds and operated and maintained by the CDD. Landscaping for the roadways will consist of sod, perennial flowers, shrubs, ground cover, and trees for the internal roadways within the CDD. Perimeter fencing will be provided at the site entrances and perimeters, which will be funded, owned, and maintained by the CDD.

Miscellaneous
The stormwater improvements, landscaping and irrigation, recreational improvements, street lighting, and certain permits and professional fees as described in this report are being financed by the District to benefit all the developable real property within the District. The construction and maintenance of the proposed public improvements will benefit the development for the intended use as a single- family/residential planned development.

Permitting
Construction permits for all phases are required and include the SWFWMD ERP, Polk County Health Department, FDEP, and Town of Lake Hamilton construction plan approval.

Following is a summary of required permits obtained or pending approval for the construction of the public infrastructure improvements for the District.

Table 5.1 Permit Status

PERMIT STATUS		
PERMITS/APPROVALS	APPROVAL/EXPECTED APPROVAL DATE	
Zoning Approval	Residential Planned Unit Development (RPUD) – Approved June 1, 2021	
SWFWMD ERP	Approved October 31, 2022 – Permit No. 45372.001	
Town of Lake Hamilton – Site Plans	Approved February 22, 2022	
FDEP Sanitary Sewer General Permit	Approved May 18, 2022 – Permit No. CS53-0420586-001-DWC/CM	
FDEP Water Distribution General Permit	Approved April 7, 2022 – Permit No. 139218-041	
FDEP NOI	Effective April 7, 2022 – ID No. FLR20FH97-001	

Recommendation
As previously described, the public infrastructure is necessary for the development and functional operation as required by the Town. The site planning, engineering design, and construction plans for the infrastructure are in accordance with the applicable requirements of the Town of Lake Hamilton, Polk County, and the SWFWMD. It should be noted that the infrastructure will provide its intended use and function as long as the construction and installation are in substantial conformance with the design construction plans and regulatory permits.

Items utilized in the Opinion of Probable Costs of this report are based upon the proposed plan infrastructure as shown on construction drawings incorporating specifications in the most current SWFWMD, Polk County, and the Town regulations.

Report Modification
During the development and implementation of the designed public infrastructure improvements, it may be necessary to make modifications and/or deviations to the plans. However, if such deviations and/or revisions do not change the overall primary objective of the plan for such improvements, then the cost differences would not materially affect the proposed construction cost estimates.

Summary and Conclusion
The improvements as outlined are necessary for the functional development of the CDD. The CDD is being designed in accordance with current government regulatory requirements. The development will serve its intended function provided the construction is in substantial compliance with the design.
Construction of the development is based upon current development plans.

Engineer’s Certification
It is our professional opinion that the public infrastructure costs for the CIP provided in this report are reasonable to complete the construction of the public infrastructure improvements. Furthermore, the public infrastructure improvements will benefit and add value to lands within the District and the value is at least the same as the costs for said improvements. Assets will be purchased by the District at the lesser of fair market value or actual cost. All improvements financed by the District will be on land owned by, or subject to a permanent easement in favor of, the District or another governmental entity.

The Opinion of Probable Costs for the public infrastructure improvements is only an estimate and is not a guaranteed maximum price. The estimated costs are based upon current unit prices and on our experience with ongoing and similar projects and basis in the county and the Town. However, labor market, future costs of equipment; materials, changes to the regulatory permitting agencies' activities, and the actual construction processes employed by the chosen site contractor are beyond the engineer's control. Due to this inherent opportunity for changes (upward or downward) in the construction costs, the total, final construction cost may be more or less than this estimate.

Based upon the presumption that the CIP construction continues in a timely manner, it is our opinion that the costs of the CIP proposed represent a system of improvements benefitting all developable property located within the District, are fair and reasonable, and that the District-funded improvements are assessable improvements within the meaning of Chapter 190, F.S. We have no reason to believe that the CIP improvements cannot be constructed at the cost described in this report. We expect the improvements to be constructed or acquired by the District with bond proceeds, as indicated within this report. We believe that the District will be well served by the improvements discussed in this report.

I hereby certify that the foregoing is a true and correct copy of the engineer’s report for the Scenic Terrace South Community Development District.

Reinardo Malavé, P.E. Florida License No. 31588

PARCELS LH9 AND LH10: ANNEXED INTO THE TOWN OF LAKE HAMILTON
PARCEL 410: ANNEXED INTO
THE TOWN OF LAKE HAMILTON VIA TOWN ORDINANCE
O-21-15, APPROVED 9/7/2021

LH9

LH10

410

396A

320A
AMENDED DISTRICT BOUNDARY

PARCELS ADDED
PARCELS REMOVED
AMENDED DISTRICT BOUNDARY

PARCEL 410 ADDED TO
DISTRICT BOUNDARY VIA ORDINANCE NO. O-23-05

SECTS 9 & 10, T27S, R28E
PARCELS 396A AND 320A REMOVED FROM DISTRICT BOUNDARY VIA ORDINANCE NO. O-23-05
PARCELS LH9 AND LH10 ADDED TO DISTRICT
BOUNDARY VIA
ORDINANCE NO. O-23-05

EXHIBIT 1 - LOCATION MAP
SCENIC TERRACE SOUTH CDD
0'	500'
1000'

DATE: 5/16/2023
A PORTION OF LAND LYING IN SECTION 9 AND 10, TOWNSHIP 28 SOUTH, RANGE 27 EAST, POLK COUNTY, FLORIDA, BEING MORE PARTICULARLY			
DESCRIBED AS FOLLOWS:			
COMMENCE AT THE NORTH 1/4 CORNER OF SAID SECTION 9, THENCE RUN SOUTH 00°36'52" EAST ALONG THE WEST LINE OF THE NORTHEAST 1/4 FOR			
A DISTANCE OF 1371.46 FEET; THENCE DEPARTING SAID WEST LINE RUN NORTH 89°23'08" EAST FOR A DISTANCE OF 37.81 FEET TO THE POINT OF			
BEGINNING; THENCE RUN THE FOLLOWING COURSES AND DISTANCES ALONG THE SOUTH RIGHT OF WAY LINE OF WHITE CLAY PIT ROAD, AS			
RECORDED IN MAP BOOK 2, PAGES 146 THROUGH 156, PUBLIC RECORDS OF POLK COUNTY FLORIDA: NORTH 69°21'25" EAST, 47.30 FEET; SOUTH			
89°17'17" EAST, 1240.44 FEET; NORTH 89°45'07" EAST, 1310.06 FEET TO A POINT ON THE WEST RIGHT OF WAY LINE OF DETOUR ROAD, AS RECORDED IN			
MAP BOOK 1, PAGES 14 THROUGH 17, AFORESAID PUBLIC RECORDS OF POLK COUNTY FLORIDA; THENCE RUN SOUTH 00°40'51" EAST ALONG SAID			
WEST RIGHT OF WAY LINE FOR A DISTANCE OF 641.71 FEET TO THE INTERSECTION OF SAID WEST LINE AND THE WESTERLY EXTENSION OF THE			
NORTH LINE OF THE SOUTH 1/2 OF THE SOUTHWEST 1/4 OF THE NORTHWEST 1/4 OF AFORESAID SECTION 10; THENCE RUN NORTH 89°18'18" EAST			
ALONG SAID WESTERLY EXTENSION AND THE NORTH LINE OF THE SOUTH 1/2 OF THE SOUTHWEST 1/4 OF THE NORTHWEST 1/4, ALSO BEING THE			
SOUTH LINE OF QUAIL RIDGE POINTE, AS RECORDED IN PLAT BOOK 107, PAGE 44, SAID PUBLIC RECORDS FOR A DISTANCE OF 1336.30 FEET TO THE			
NORTHEAST CORNER OF SAID SOUTH 1/2 OF THE SOUTHWEST 1/4 OF THE NORTHWEST 1/4, ALSO BEING THE SOUTHEAST CORNER OF SAID QUAIL			
RIDGE POINTE; THENCE RUN SOUTH 00°31'31" EAST ALONG THE EAST LINE OF THE SOUTH 1/2 OF THE SOUTHWEST 1/4 OF THE NORTHWEST 1/4 OF			
SAID SECTION 10 FOR A DISTANCE OF 692.63 FEET TO A POINT ON THE SOUTH RIGHT OF WAY LINE OF HUGHES ROAD, RECORDED IN MAP BOOK 9,			
PAGES 12 THROUGH 30, SAID PUBLIC RECORDS; THENCE RUN NORTH 87°44' 17" EAST ALONG SAID SOUTH RIGHT OF WAY LINE FOR A DISTANCE OF			
400.19 FEET TO A POINT ON THE EAST LINE OF THE WEST 400 FEET OF THE NORTH 990 FEET OF THE NORTHEAST 1/4 OF THE SOUTHWEST 1/4 OF SAID			
SECTION 10, AS RECORDED IN OFFICIAL RECORDS BOOK 10582, PAGE 184, SAID PUBLIC RECORDS; THENCE DEPARTING SAID SOUTH RIGHT OF WAY			
LINE RUN SOUTH 00°30'19" EAST ALONG SAID EAST LINE FOR A DISTANCE OF 975.04 FEET TO THE SOUTHEAST CORNER OF SAID WEST 400 FEET OF			
THE NORTH 990 FEET; THENCE RUN SOUTH 89°13' 41" WEST ALONG THE SOUTH LINE OF SAID WEST 400 FEET OF THE NORTH 990 FEET FOR A			
DISTANCE OF 400.00 FEET TO THE SOUTHEAST CORNER OF SAID WEST 400 FEET OF THE NORTH 990 FEET ALSO BEING A POINT ON THE WEST LINE OF			
THE NORTHEAST 1/4 OF THE SOUTHWEST 1/4; THENCE RUN NORTH 00°30'19" WEST ALONG SAID WEST LINE FOR A DISTANCE OF 330.07 FEET TO THE			
SOUTHEAST CORNER OF THE NORTH 1/2 OF THE NORTHWEST 1/4 OF THE SOUTHWEST 1/4 OF SAID SECTION 10; THENCE RUN SOUTH 89°13'27" WEST			
ALONG THE SOUTH LINE OF SAID NORTH 1/2 OF THE NORTHWEST 1/4 OF THE SOUTHWEST 1/4 FOR A DISTANCE OF 1299.58 FEET TO A POINT ON THE			
EAST RIGHT OF WAY LINE OF AFORESAID DETOUR ROAD; THENCE RUN NORTH 00°57'39" WEST ALONG SAID EAST RIGHT OF WAY LINE FOR A DISTANCE			
OF 645.08 FEET TO A POINT ON THE SOUTH RIGHT OF WAY LINE OF AFORESAID HUGHES ROAD; THENCE RUN THE FOLLOWING COURSES AND			
DISTANCES ALONG SAID SOUTH RIGHT OF WAY LINE: SOUTH 89°17'27" WEST, 54.09 FEET; NORTH 88°08'19" WEST, 78.74 FEET; SOUTH 89°27'54" WEST,			
100.02 FEET; NORTH 88°48'59" WEST, 300.01 FEET; NORTH 89°57'44" WEST, 100.00 FEET; NORTH 88°48'59" WEST, 100.00 FEET; NORTH 89°23'21" WEST,			
300.00 FEET; NORTH 88°48'59" WEST, 200.01 FEET; NORTH 88°51'54" WEST, 109.31 FEET TO A POINT ON THE EAST LINE OF THE NORTHWEST 1/4 OF THE			
SOUTHEAST 1/4 OF AFORESAID SECTION 9; THENCE RUN SOUTH 00°34'36" EAST ALONG SAID EAST LINE FOR A DISTANCE OF 1318.27 FEET TO THE			
SOUTHEAST CORNER OF SAID NORTHWEST 1/4 OF THE SOUTHEAST 1/4; THENCE RUN NORTH 89°44'40" WEST ALONG THE SOUTH LINE OF SAID			
NORTHWEST 1/4 OF THE SOUTHEAST 1/4 FOR A DISTANCE OF 1351.96 FEET TO A POINT ON THE WEST RIGHT OF WAY LINE OF STATE ROAD 17 AS			
SHOWN ON FDOT RIGHT OF WAY MAP SECTION NO. 5029-RD (8), AFORESAID PUBLIC RECORDS; THENCE RUN SOUTH 00°33'34" EAST ALONG SAID WEST			
RIGHT OF WAY LINE FOR A DISTANCE OF 658.71 FEET TO A POINT ON THE SOUTH LINE OF THE NORTHEAST 1/4 OF THE SOUTHEAST 1/4 OF THE			
SOUTHWEST 1/4; THENCE RUN NORTH 89°39'18" WEST ALONG SAID SOUTH LINE FOR A DISTANCE OF 589.98 FEET TO A POINT ON THE EAST LINE OF			
THE DUKE ENERGY PROPERTY, AS RECORDED IN OFFICIAL RECORDS BOOK 2209, PAGE 0597, SAID PUBLIC RECORDS; THENCE RUN NORTH 03°05'06"			
WEST ALONG SAID EAST LINE FOR A DISTANCE OF 1963.50 FEET TO A POINT ON THE AFORESAID SOUTH RIGHT OF WAY LINE OF HUGHES ROAD;			
THENCE DEPARTING SAID EAST LINE RUN THE FOLLOWING COURSES AND DISTANCES ALONG SAID SOUTH RIGHT OF WAY LINE: SOUTH 89°30'32" EAST,			
49.40 FEET; NORTH 00°39'47" EAST, 6.80 FEET; SOUTH 89°44'17" EAST, 100.00 FEET; SOUTH 89°30'32" EAST, 100.00 FEET; SOUTH 89°37'24" EAST, 100.00			
FEET; SOUTH 89°03'02" EAST, 100.00 FEET; SOUTH 89°54'36" EAST, 100.00 FEET; SOUTH 86°11'47" EAST, 110.29 FEET; SOUTH 87°23'20"' EAST, 83.13 FEET			
TO A POINT ON THE EAST RIGHT OF WAY LINE OF AFORESAID STATE ROAD 17; THENCE RUN NORTH 00°33'34" WEST ALONG SAID EAST RIGHT OF WAY			
LINE FOR A DISTANCE OF 1314.71 FEET TO THE POINT OF BEGINNING. CONTAINING 196.63 ACRES, MORE OR LESS.			
ADDITIONALLY: THE SOUTHEAST 1/4 OF THE NORTHEAST 1/4 OF THE NORTHEAST 1/4 OF SECTION 9, TOWNSHIP 28 SOUTH, RANGE 27 EAST, POLK			
COUNTY, FLORIDA, LYING WEST OF DETOUR ROAD, ACCORDING TO THE POLK COUNTY MAINTAINED RIGHT OF WAY MAP OF DETOUR ROAD,			
RECORDED IN MAP BOOK 1, PAGES 14 THROUGH 17 OF THE PUBLIC RECORDS OF POLK COUNTY, AND BEING MORE PARTICULARLY DESCRIBED AS			
FOLLOWS:			
COMMENCE AT THE NORTH 1/4 CORNER OF SAID SECTION 9, RUN THENCE ALONG THE WEST BOUNDARY OF SAID NORTHEAST 1/4, S.00°36'53"E., A			
DISTANCE OF 1332.66 FEET TO THE SOUTH BOUNDARY OF THE NORTH 1/2 OF SAID NORTHEAST 1/4; THENCE ALONG SAID SOUTH BOUNDARY,			
S.89°55'02"E., A DISTANCE OF 1983.73 FEET TO THE SOUTHWEST CORNER OF AFORESAID SOUTHEAST 1/4 OF THE NORTHEAST 1/4 OF THE NORTHEAST			
1/4 FOR A POINT OF BEGINNING; THENCE ALONG THE WEST BOUNDARY THEREOF, N.00°35'14"W., A DISTANCE OF 668.36 FEET TO THE NORTH			
BOUNDARY THEREOF; THENCE ALONG SAID NORTH BOUNDARY, S.89°58'33"E., A DISTANCE OF 646.51 FEET TO THE WEST MAINTAINED RIGHT OF WAY			
OF AFORESAID DETOUR ROAD; THENCE ALONG SAID WEST MAINTAINED RIGHT OF WAY THE FOLLOWING FOUR (4) COURSES: 1) S.00°17'29"E., A			
DISTANCE OF 232.78 FEET; 2) S.00°34'41"E., A DISTANCE OF 200.00 FEET; 3) S.00°51'52"E., A DISTANCE OF 200.00 FEET; 4) S.00°00'18"E., A DISTANCE OF			
36.24 FEET TO AFORESAID SOUTH BOUNDARY OF THE NORTH1/2 OF THE NORTHEAST 1/4; THENCE ALONG SAID SOUTH BOUNDARY, N.89°55'02"W., A			
DISTANCE OF 645.88 FEET TO THE POINT OF BEGINNING.			
CONTAINING 9.911 ACRES, MORE OR LESS.			

ALTOGETHER CONTAINING 206.541 ACRES, MORE OR LESS.			
SECTS 9 & 10, T27S, R28E			
	EXHIBIT 2 - LEGAL DESCRIPTION OF		
	EXISTING DISTRICT		
	SCENIC TERRACE SOUTH CDD		
		DATE: 5/16/2023	
EXHIBIT 3A - CONTRACTION PARCELS:			
A PARCEL OF LAND LYING IN THE NORTHEAST 1/4 OF SECTION 9, TOWNSHIP 28 SOUTH, RANGE 27 EAST, POLK COUNTY, FLORIDA, AND BEING MORE			
PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE NORTH 1/4 CORNER OF SAID SECTION 9, RUN THENCE ALONG THE WEST BOUNDARY OF			
SAID NORTHEAST 1/4, S.00°36'53"E., A DISTANCE OF 1360.11 FEET; THENCE DEPARTING SAID WEST BOUNDARY, N.89°23'07"E., A DISTANCE OF 36.64			
FEET TO THE INTERSECTION OF THE EASTERLY RIGHT OF WAY OF SCENIC HIGHWAY (STATE ROAD 17), ACCORDING TO THE STATE OF FLORIDA STATE			
ROAD DEPARTMENT RIGHT OF WAY MAP, PROJ. 5209-RD.(8), AND THE SOUTHERLY MAINTAINED RIGHT OF WAY OF WHITE CLAY PIT ROAD, ACCORDING			
TO THE POLK COUNTY MAINTAINED RIGHT OF WAY MAP OF WHITE CLAY PIT ROAD, RECORDED IN MAP BOOK 2, PAGES 146 THROUGH 156 OF THE			
PUBLIC RECORDS OF POLK COUNTY, FLORIDA, FOR A POINT OF BEGINNING; THENCE ALONG SAID SOUTHERLY MAINTAINED RIGHT OF WAY THE			
FOLLOWING FOUR (4) COURSES: N.87°19'06"E., A DISTANCE OF 63.17 FEET; 2) S.89°25'57"E., A DISTANCE OF 100.00 FEET; 3) S.88°58'27"E., A DISTANCE OF			
200.01 FEET; 4) S.89°32'50"E., A DISTANCE OF 152.32 FEET; THENCE DEPARTING SAID SOUTHERLY MAINTAINED RIGHT OF WAY, S.00°43'13"W., A			
DISTANCE OF 196.22 FEET; THENCE S.89°24'09"W., A DISTANCE OF 204.98 FEET; THENCE N.00°35'51"W., A DISTANCE OF 10.00 FEET; THENCE			
S.89°24'09"W., A DISTANCE OF 174.65 FEET; THENCE S.00°35'51"E., A DISTANCE OF 22.50 FEET; THENCE S.89°24'09"W., A DISTANCE OF 131.23 FEET TO			
AFORESAID EASTERLY RIGHT OF WAY OF SCENIC HIGHWAY (STATE ROAD 17); THENCE ALONG SAID EASTERLY RIGHT OF WAY, N.00°35'07"W., A			
DISTANCE OF 216.86 FEET TO THE POINT OF BEGINNING. CONTAINING 2.374 ACRES, MORE OR LESS.			
A PARCEL OF LAND LYING IN SECTION 9, TOWNSHIP 28 SOUTH, RANGE 27 EAST, POLK COUNTY, FLORIDA, AND BEING MORE PARTICULARLY DESCRIBED			
AS FOLLOWS:			
BEGIN AT THE SOUTHEAST CORNER OF THE NORTHWEST 1/4 OF THE SOUTHEAST 1/4 OF SAID SECTION 9; THENCE ALONG THE SOUTH BOUNDARY OF			
SAID NORTHWEST 1/4 OF THE SOUTHEAST 1/4 OF SECTION 9, N.89°44'40"W., A DISTANCE OF 1285.95 FEET TO THE EAST RIGHT-OF-WAY OF SCENIC			
HIGHWAY, ALSO KNOWN AS STATE ROAD 17 PER THE FLORIDA DEPARTMENT OF TRANSPORTATION RIGHT-OF-WAY MAP SECTION 5029-RD (8); THENCE			
ALONG SAID EAST RIGHT-OF-WAY, N.00°33'34"W., A DISTANCE OF 449.46 FEET; THENCE DEPARTING SAID EAST RIGHT-OF-WAY, N.89°25'24"E., A			
DISTANCE OF 530.68 FEET; THENCE N.00°34'36"W., A DISTANCE OF 10.00 FEET; THENCE N.89°25'24"E., A DISTANCE OF 555.00 FEET; THENCE S.00°34'36"E.,			
A DISTANCE OF 85.00 FEET; THENCE N.89°25'24"E., A DISTANCE OF 200.00 FEET TO THE EAST BOUNDARY OF SAID NORTHWEST 1/4 OF THE SOUTHEAST			
1/4 OF SECTION 9; THENCE ALONG SAID EAST BOUNDARY, S.00°34'36"E., A DISTANCE OF 393.14 FEET TO THE POINT OF BEGINNING. CONTAINING 13.325			
ACRES, MORE OR LESS.			
ALTOGETHER CONTAINING 15.699 ACRES, MORE OR LESS.			

EXHIBIT 3B - NEW EXPANSION PARCELS:			
THE SOUTHEAST 1/4 OF THE NORTHWEST 1/4 OF THE NORTHEAST 1/4, AND THE SOUTHWEST 1/4 OF THE NORTHEAST 1/4 OF THE NORTHEAST 1/4 OF			
SECTION 9, TOWNSHIP 28 SOUTH, RANGE 27 EAST, POLK COUNTY, FLORIDA, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:			
COMMENCE AT THE NORTH 1/4 CORNER OF SAID SECTION 9, RUN THENCE ALONG THE WEST BOUNDARY OF SAID NORTHEAST 1/4, S.00°36'53"E., A			
DISTANCE OF 1332.66 FEET TO THE SOUTH BOUNDARY OF THE NORTH 1/2 OF SAID NORTHEAST 1/4; THENCE ALONG SAID SOUTH BOUNDARY,			
S.89°55'02"E., A DISTANCE OF 661.24 FEET TO THE SOUTHWEST CORNER OF AFORESAID SOUTHEAST 1/4 OF THE NORTHWEST 1/4 OF THE NORTHEAST			
1/4 FOR A POINT OF BEGINNING; THENCE ALONG THE WEST BOUNDARY THEREOF, N.00°36'20"W., A DISTANCE OF 667.01 FEET TO THE SOUTH			
BOUNDARY OF THE NORTH 1/4 OF SAID NORTHEAST 1/4; THENCE ALONG SAID SOUTH BOUNDARY, S.89°58'33"E., A DISTANCE OF 1322.68 FEET TO THE			
EAST BOUNDARY OF AFORESAID SOUTHWEST 1/4 OF THE NORTHEAST 1/4 OF THE NORTHEAST 1/4; THENCE ALONG THE EAST BOUNDARY THEREOF,			
S.00°35'14"E., A DISTANCE OF 668.36 FEET TO AFORESAID SOUTH BOUNDARY OF THE NORTH 1/2 OF THE NORTHEAST 1/4; THENCE ALONG SAID SOUTH			
BOUNDARY, N.89°55'02"W., A DISTANCE OF 1322.49 FEET TO THE POINT OF BEGINNING.			
CONTAINING 20.271 ACRES, MORE OR LESS.			

EXHIBIT 3C - EXPANSION PARCEL 410:			
THE SOUTHEAST 1/4 OF THE NORTHEAST 1/4 OF THE NORTHEAST 1/4 OF SECTION 9, TOWNSHIP 28 SOUTH, RANGE 27 EAST, POLK COUNTY, FLORIDA,			
LYING WEST OF DETOUR ROAD, ACCORDING TO THE POLK COUNTY MAINTAINED RIGHT OF WAY MAP OF DETOUR ROAD, RECORDED IN MAP BOOK 1,			
PAGES 14 THROUGH 17 OF THE PUBLIC RECORDS OF POLK COUNTY, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:			
COMMENCE AT THE NORTH 1/4 CORNER OF SAID SECTION 9, RUN THENCE ALONG THE WEST BOUNDARY OF SAID NORTHEAST 1/4, S.00°36'53"E., A			
DISTANCE OF 1332.66 FEET TO THE SOUTH BOUNDARY OF THE NORTH 1/2 OF SAID NORTHEAST 1/4; THENCE ALONG SAID SOUTH BOUNDARY,			
S.89°55'02"E., A DISTANCE OF 1983.73 FEET TO THE SOUTHWEST CORNER OF AFORESAID SOUTHEAST 1/4 OF THE NORTHEAST 1/4 OF THE NORTHEAST			
1/4 FOR A POINT OF BEGINNING; THENCE ALONG THE WEST BOUNDARY THEREOF, N.00°35'14"W., A DISTANCE OF 668.36 FEET TO THE NORTH			
BOUNDARY THEREOF; THENCE ALONG SAID NORTH BOUNDARY, S.89°58'33"E., A DISTANCE OF 646.51 FEET TO THE WEST MAINTAINED RIGHT OF WAY			
OF AFORESAID DETOUR ROAD; THENCE ALONG SAID WEST MAINTAINED RIGHT OF WAY THE FOLLOWING FOUR (4) COURSES: 1) S.00°17'29"E., A			
DISTANCE OF 232.78 FEET; 2) S.00°34'41"E., A DISTANCE OF 200.00 FEET; 3) S.00°51'52"E., A DISTANCE OF 200.00 FEET; 4) S.00°00'18"E., A DISTANCE OF			
36.24 FEET TO AFORESAID SOUTH BOUNDARY OF THE NORTH1/2 OF THE NORTHEAST 1/4; THENCE ALONG SAID SOUTH BOUNDARY, N.89°55'02"W., A			
DISTANCE OF 645.88 FEET TO THE POINT OF BEGINNING.			
CONTAINING 9.911 ACRES, MORE OR LESS.			
SECTS 9 & 10, T27S, R28E			
EXHIBITS 3A, 3B, 3C - LEGAL DESCRIPTION			
OF EXPANSION / CONTRACTION PARCELS			
SCENIC TERRACE SOUTH CDD			
	DATE: 5/16/2023		
SCENIC TERRACE SOUTH CDD			
A PORTION OF LAND LYING IN SECTION 9 AND 10, TOWNSHIP 28 SOUTH, RANGE 27 EAST, POLK COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS			
FOLLOWS:			
COMMENCE AT THE NORTH 1/4 CORNER OF SAID SECTION 9, THENCE RUN SOUTH 00°36'52" EAST ALONG THE WEST LINE OF THE NORTHEAST 1/4 FOR A			
DISTANCE OF 1371.46 FEET; THENCE DEPARTING SAID WEST LINE RUN NORTH 89°23'08" EAST FOR A DISTANCE OF 37.81 FEET TO THE POINT OF BEGINNING;			
THENCE RUN THE FOLLOWING COURSES AND DISTANCES ALONG THE SOUTH RIGHT OF WAY LINE OF WHITE CLAY PIT ROAD, AS RECORDED IN MAP BOOK 2,			
PAGES 146 THROUGH 156, PUBLIC RECORDS OF POLK COUNTY FLORIDA: NORTH 69°21'25" EAST, 47.30 FEET; SOUTH 89°17'17" EAST, 1240.44 FEET; NORTH			
89°45'07" EAST, 1310.06 FEET TO A POINT ON THE WEST RIGHT OF WAY LINE OF DETOUR ROAD, AS RECORDED IN MAP BOOK 1, PAGES 14 THROUGH 17,			
AFORESAID PUBLIC RECORDS OF POLK COUNTY FLORIDA; THENCE RUN SOUTH 00°40'51" EAST ALONG SAID WEST RIGHT OF WAY LINE FOR A DISTANCE OF			
641.71 FEET TO THE INTERSECTION OF SAID WEST LINE AND THE WESTERLY EXTENSION OF THE NORTH LINE OF THE SOUTH 1/2 OF THE SOUTHWEST 1/4 OF			
THE NORTHWEST 1/4 OF AFORESAID SECTION 10; THENCE RUN NORTH 89°18'18" EAST ALONG SAID WESTERLY EXTENSION AND THE NORTH LINE OF THE			
SOUTH 1/2 OF THE SOUTHWEST 1/4 OF THE NORTHWEST 1/4, ALSO BEING THE SOUTH LINE OF QUAIL RIDGE POINTE, AS RECORDED IN PLAT BOOK 107, PAGE			
44, SAID PUBLIC RECORDS FOR A DISTANCE OF 1336.30 FEET TO THE NORTHEAST CORNER OF SAID SOUTH 1/2 OF THE SOUTHWEST 1/4 OF THE NORTHWEST			
1/4, ALSO BEING THE SOUTHEAST CORNER OF SAID QUAIL RIDGE POINTE; THENCE RUN SOUTH 00°31'31" EAST ALONG THE EAST LINE OF THE SOUTH 1/2 OF			
THE SOUTHWEST 1/4 OF THE NORTHWEST 1/4 OF SAID SECTION 10 FOR A DISTANCE OF 692.63 FEET TO A POINT ON THE SOUTH RIGHT OF WAY LINE OF			
HUGHES ROAD, RECORDED IN MAP BOOK 9, PAGES 12 THROUGH 30, SAID PUBLIC RECORDS; THENCE RUN NORTH 87°44' 17" EAST ALONG SAID SOUTH RIGHT			
OF WAY LINE FOR A DISTANCE OF 400.19 FEET TO A POINT ON THE EAST LINE OF THE WEST 400 FEET OF THE NORTH 990 FEET OF THE NORTHEAST 1/4 OF THE			
SOUTHWEST 1/4 OF SAID SECTION 10, AS RECORDED IN OFFICIAL RECORDS BOOK 10582, PAGE 184, SAID PUBLIC RECORDS; THENCE DEPARTING SAID SOUTH			
RIGHT OF WAY LINE RUN SOUTH 00°30'19" EAST ALONG SAID EAST LINE FOR A DISTANCE OF 975.04 FEET TO THE SOUTHEAST CORNER OF SAID WEST 400 FEET			
OF THE NORTH 990 FEET; THENCE RUN SOUTH 89°13' 41" WEST ALONG THE SOUTH LINE OF SAID WEST 400 FEET OF THE NORTH 990 FEET FOR A DISTANCE OF			
400.00 FEET TO THE SOUTHEAST CORNER OF SAID WEST 400 FEET OF THE NORTH 990 FEET ALSO BEING A POINT ON THE WEST LINE OF THE NORTHEAST 1/4			
OF THE SOUTHWEST 1/4; THENCE RUN NORTH 00°30'19" WEST ALONG SAID WEST LINE FOR A DISTANCE OF 330.07 FEET TO THE SOUTHEAST CORNER OF THE			
NORTH 1/2 OF THE NORTHWEST 1/4 OF THE SOUTHWEST 1/4 OF SAID SECTION 10; THENCE RUN SOUTH 89°13'27" WEST ALONG THE SOUTH LINE OF SAID			
NORTH 1/2 OF THE NORTHWEST 1/4 OF THE SOUTHWEST 1/4 FOR A DISTANCE OF 1299.58 FEET TO A POINT ON THE EAST RIGHT OF WAY LINE OF AFORESAID			
DETOUR ROAD; THENCE RUN NORTH 00°57'39" WEST ALONG SAID EAST RIGHT OF WAY LINE FOR A DISTANCE OF 645.08 FEET TO A POINT ON THE SOUTH			
RIGHT OF WAY LINE OF AFORESAID HUGHES ROAD; THENCE RUN THE FOLLOWING COURSES AND DISTANCES ALONG SAID SOUTH RIGHT OF WAY LINE: SOUTH			
89°17'27" WEST, 54.09 FEET; NORTH 88°08'19" WEST, 78.74 FEET; SOUTH 89°27'54" WEST, 100.02 FEET; NORTH 88°48'59" WEST, 300.01 FEET; NORTH 89°57'44"			
WEST, 100.00 FEET; NORTH 88°48'59" WEST, 100.00 FEET; NORTH 89°23'21" WEST, 300.00 FEET; NORTH 88°48'59" WEST, 200.01 FEET; NORTH 88°51'54" WEST,			
109.31 FEET TO A POINT ON THE EAST LINE OF THE NORTHWEST 1/4 OF THE SOUTHEAST 1/4 OF AFORESAID SECTION 9; THENCE RUN SOUTH 00°34'36" EAST			
ALONG SAID EAST LINE FOR A DISTANCE OF 1318.27 FEET TO THE SOUTHEAST CORNER OF SAID NORTHWEST 1/4 OF THE SOUTHEAST 1/4; THENCE RUN			
NORTH 89°44'40" WEST ALONG THE SOUTH LINE OF SAID NORTHWEST 1/4 OF THE SOUTHEAST 1/4 FOR A DISTANCE OF 1351.96 FEET TO A POINT ON THE WEST			
RIGHT OF WAY LINE OF STATE ROAD 17 AS SHOWN ON FDOT RIGHT OF WAY MAP SECTION NO. 5029-RD (8), AFORESAID PUBLIC RECORDS; THENCE RUN			
SOUTH 00°33'34" EAST ALONG SAID WEST RIGHT OF WAY LINE FOR A DISTANCE OF 658.71 FEET TO A POINT ON THE SOUTH LINE OF THE NORTHEAST 1/4 OF			
THE SOUTHEAST 1/4 OF THE SOUTHWEST 1/4; THENCE RUN NORTH 89°39'18" WEST ALONG SAID SOUTH LINE FOR A DISTANCE OF 589.98 FEET TO A POINT ON			
THE EAST LINE OF THE DUKE ENERGY PROPERTY, AS RECORDED IN OFFICIAL RECORDS BOOK 2209, PAGE 0597, SAID PUBLIC RECORDS; THENCE RUN NORTH			
03°05'06" WEST ALONG SAID EAST LINE FOR A DISTANCE OF 1963.50 FEET TO A POINT ON THE AFORESAID SOUTH RIGHT OF WAY LINE OF HUGHES ROAD;			
THENCE DEPARTING SAID EAST LINE RUN THE FOLLOWING COURSES AND DISTANCES ALONG SAID SOUTH RIGHT OF WAY LINE: SOUTH 89°30'32" EAST, 49.40			
FEET; NORTH 00°39'47" EAST, 6.80 FEET; SOUTH 89°44'17" EAST, 100.00 FEET; SOUTH 89°30'32" EAST, 100.00 FEET; SOUTH 89°37'24" EAST, 100.00 FEET; SOUTH			
89°03'02" EAST, 100.00 FEET; SOUTH 89°54'36" EAST, 100.00 FEET; SOUTH 86°11'47" EAST, 110.29 FEET; SOUTH 87°23'20"' EAST, 83.13 FEET TO A POINT ON THE			
EAST RIGHT OF WAY LINE OF AFORESAID STATE ROAD 17; THENCE RUN NORTH 00°33'34" WEST ALONG SAID EAST RIGHT OF WAY LINE FOR A DISTANCE OF			
1314.71 FEET TO THE POINT OF BEGINNING.			
ADDITIONALLY: THE SOUTHEAST 1/4 OF THE NORTHEAST 1/4 OF THE NORTHEAST 1/4 OF SECTION 9, TOWNSHIP 28 SOUTH, RANGE 27 EAST, POLK COUNTY,			
FLORIDA, LYING WEST OF DETOUR ROAD, ACCORDING TO THE POLK COUNTY MAINTAINED RIGHT OF WAY MAP OF DETOUR ROAD, RECORDED IN MAP BOOK 1,			
PAGES 14 THROUGH 17 OF THE PUBLIC RECORDS OF POLK COUNTY, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:			
COMMENCE AT THE NORTH 1/4 CORNER OF SAID SECTION 9, RUN THENCE ALONG THE WEST BOUNDARY OF SAID NORTHEAST 1/4, S.00°36'53"E., A DISTANCE OF			
1332.66 FEET TO THE SOUTH BOUNDARY OF THE NORTH 1/2 OF SAID NORTHEAST 1/4; THENCE ALONG SAID SOUTH BOUNDARY, S.89°55'02"E., A DISTANCE OF			
1983.73 FEET TO THE SOUTHWEST CORNER OF AFORESAID SOUTHEAST 1/4 OF THE NORTHEAST 1/4 OF THE NORTHEAST 1/4 FOR A POINT OF BEGINNING;			
THENCE ALONG THE WEST BOUNDARY THEREOF, N.00°35'14"W., A DISTANCE OF 668.36 FEET TO THE NORTH BOUNDARY THEREOF; THENCE ALONG SAID NORTH			
BOUNDARY, S.89°58'33"E., A DISTANCE OF 646.51 FEET TO THE WEST MAINTAINED RIGHT OF WAY OF AFORESAID DETOUR ROAD; THENCE ALONG SAID WEST			
MAINTAINED RIGHT OF WAY THE FOLLOWING FOUR (4) COURSES: 1) S.00°17'29"E., A DISTANCE OF 232.78 FEET; 2) S.00°34'41"E., A DISTANCE OF 200.00 FEET;			
3) S.00°51'52"E., A DISTANCE OF 200.00 FEET; 4) S.00°00'18"E., A DISTANCE OF 36.24 FEET TO AFORESAID SOUTH BOUNDARY OF THE NORTH1/2 OF THE			
NORTHEAST 1/4; THENCE ALONG SAID SOUTH BOUNDARY, N.89°55'02"W., A DISTANCE OF 645.88 FEET TO THE POINT OF BEGINNING. CONTAINING 9.911 ACRES,			
MORE OR LESS.			
CONTAINING 206.541 ACRES, MORE OR LESS.			
ADDITIONALLY:			
THE SOUTHEAST 1/4 OF THE NORTHWEST 1/4 OF THE NORTHEAST 1/4, AND THE SOUTHWEST 1/4 OF THE NORTHEAST 1/4 OF THE NORTHEAST 1/4 OF SECTION 9,			
TOWNSHIP 28 SOUTH, RANGE 27 EAST, POLK COUNTY, FLORIDA, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:			
COMMENCE AT THE NORTH 1/4 CORNER OF SAID SECTION 9, RUN THENCE ALONG THE WEST BOUNDARY OF SAID NORTHEAST 1/4, S.00°36'53"E., A DISTANCE OF			
1332.66 FEET TO THE SOUTH BOUNDARY OF THE NORTH 1/2 OF SAID NORTHEAST 1/4; THENCE ALONG SAID SOUTH BOUNDARY, S.89°55'02"E., A DISTANCE OF			
661.24 FEET TO THE SOUTHWEST CORNER OF AFORESAID SOUTHEAST 1/4 OF THE NORTHWEST 1/4 OF THE NORTHEAST 1/4 FOR A POINT OF BEGINNING;			
THENCE ALONG THE WEST BOUNDARY THEREOF, N.00°36'20"W., A DISTANCE OF 667.01 FEET TO THE SOUTH BOUNDARY OF THE NORTH 1/4 OF SAID NORTHEAST			
1/4; THENCE ALONG SAID SOUTH BOUNDARY, S.89°58'33"E., A DISTANCE OF 1322.68 FEET TO THE EAST BOUNDARY OF AFORESAID SOUTHWEST 1/4 OF THE			
NORTHEAST 1/4 OF THE NORTHEAST 1/4; THENCE ALONG THE EAST BOUNDARY THEREOF, S.00°35'14"E., A DISTANCE OF 668.36 FEET TO AFORESAID SOUTH			
BOUNDARY OF THE NORTH 1/2 OF THE NORTHEAST 1/4; THENCE ALONG SAID SOUTH BOUNDARY, N.89°55'02"W., A DISTANCE OF 1322.49 FEET TO THE POINT OF			
BEGINNING.			
CONTAINING 20.271 ACRES, MORE OR LESS.			
SECTS 9 & 10, T27S, R28E			
	EXHIBIT 4 - LEGAL DESCRIPTION OF		
	AMENDED DISTRICT (1)		
	SCENIC TERRACE SOUTH CDD		
		DATE: 5/16/2023	
LESS DESCRIPTION:			
A PARCEL OF LAND LYING IN SECTION 9, TOWNSHIP 28 SOUTH, RANGE 27 EAST, POLK COUNTY, FLORIDA, AND BEING MORE PARTICULARLY			
DESCRIBED AS FOLLOWS:			
BEGIN AT THE SOUTHEAST CORNER OF THE NORTHWEST 1/4 OF THE SOUTHEAST 1/4 OF SAID SECTION 9; THENCE ALONG THE SOUTH			
BOUNDARY OF SAID NORTHWEST 1/4 OF THE SOUTHEAST 1/4 OF SECTION 9, N.89°44'40"W., A DISTANCE OF 1285.95 FEET TO THE EAST			
RIGHT-OF-WAY OF SCENIC HIGHWAY, ALSO KNOWN AS STATE ROAD 17 PER THE FLORIDA DEPARTMENT OF TRANSPORTATION			
RIGHT-OF-WAY MAP SECTION 5029-RD (8); THENCE ALONG SAID EAST RIGHT-OF-WAY, N.00°33'34"W., A DISTANCE OF 449.46 FEET; THENCE			
DEPARTING SAID EAST RIGHT-OF-WAY, N.89°25'24"E., A DISTANCE OF 530.68 FEET; THENCE N.00°34'36"W., A DISTANCE OF 10.00 FEET;			
THENCE N.89°25'24"E., A DISTANCE OF 555.00 FEET; THENCE S.00°34'36"E., A DISTANCE OF 85.00 FEET; THENCE N.89°25'24"E., A DISTANCE OF			
200.00 FEET TO THE EAST BOUNDARY OF SAID NORTHWEST 1/4 OF THE SOUTHEAST 1/4 OF SECTION 9; THENCE ALONG SAID EAST			
BOUNDARY, S.00°34'36"E., A DISTANCE OF 393.14 FEET TO THE POINT OF BEGINNING. CONTAINING 13.325 ACRES, MORE OR LESS.			

LESS DESCRIPTION:			
A PARCEL OF LAND LYING IN THE NORTHEAST 1/4 OF SECTION 9, TOWNSHIP 28 SOUTH, RANGE 27 EAST, POLK COUNTY, FLORIDA, AND BEING			
MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE NORTH 1/4 CORNER OF SAID SECTION 9, RUN THENCE ALONG THE			
WEST BOUNDARY OF SAID NORTHEAST 1/4, S.00°36'53"E., A DISTANCE OF 1360.11 FEET; THENCE DEPARTING SAID WEST BOUNDARY,			
N.89°23'07"E., A DISTANCE OF 36.64 FEET TO THE INTERSECTION OF THE EASTERLY RIGHT OF WAY OF SCENIC HIGHWAY (STATE ROAD 17),			
ACCORDING TO THE STATE OF FLORIDA STATE ROAD DEPARTMENT RIGHT OF WAY MAP, PROJ. 5209-RD.(8), AND THE SOUTHERLY			
MAINTAINED RIGHT OF WAY OF WHITE CLAY PIT ROAD, ACCORDING TO THE POLK COUNTY MAINTAINED RIGHT OF WAY MAP OF WHITE CLAY			
PIT ROAD, RECORDED IN MAP BOOK 2, PAGES 146 THROUGH 156 OF THE PUBLIC RECORDS OF POLK COUNTY, FLORIDA, FOR A POINT OF			
BEGINNING; THENCE ALONG SAID SOUTHERLY MAINTAINED RIGHT OF WAY THE FOLLOWING FOUR (4) COURSES: N.87°19'06"E., A DISTANCE			
OF 63.17 FEET; 2) S.89°25'57"E., A DISTANCE OF 100.00 FEET; 3) S.88°58'27"E., A DISTANCE OF 200.01 FEET; 4) S.89°32'50"E., A DISTANCE OF			
152.32 FEET; THENCE DEPARTING SAID SOUTHERLY MAINTAINED RIGHT OF WAY, S.00°43'13"W., A DISTANCE OF 196.22 FEET; THENCE			
S.89°24'09"W., A DISTANCE OF 204.98 FEET; THENCE N.00°35'51"W., A DISTANCE OF 10.00 FEET; THENCE S.89°24'09"W., A DISTANCE OF 174.65			
FEET; THENCE S.00°35'51"E., A DISTANCE OF 22.50 FEET; THENCE S.89°24'09"W., A DISTANCE OF 131.23 FEET TO AFORESAID EASTERLY RIGHT			
OF WAY OF SCENIC HIGHWAY (STATE ROAD 17); THENCE ALONG SAID EASTERLY RIGHT OF WAY, N.00°35'07"W., A DISTANCE OF 216.86 FEET			
TO THE POINT OF BEGINNING. CONTAINING 2.374 ACRES, MORE OR LESS.			

ALTOGETHER CONTAINING 211.113 ACRES, MORE OR LESS.			
SECTS 9 & 10, T27S, R28E			
	EXHIBIT 4 - LEGAL DESCRIPTION OF		
	AMENDED DISTRICT (2)		
	SCENIC TERRACE SOUTH CDD		
		DATE: 5/16/2023	

AMENDED DISTRICT BOUNDARY

Lake Hamilton Zoning
AG - Agricultural
R-5 - Single Family, Modular RMF - Multi-Family
C-1 - Highway Commercial C-2 - Limited Commercial M-1 - Industrial
PI - Public Institutional
Parks
CON - Conservation
Haines City Zoning
R-1-AAA - Residential R-1-AA - Residential IP - Industrial Park
CG - General Commercial CP - Commercial Park

AMENDED DISTRICT BOUNDARY

SECTS 9 & 10, T27S, R28E

COMPOSITE EXHIBIT 5 - EXISTING LAND USE MAP
SCENIC TERRACE SOUTH CDD

0'	500'

1000'
DATE: 5/16/2023

AMENDED DISTRICT BOUNDARY

Lake Hamilton Future Land Use
AG - Agricultural
RES-M - Residential Lands - M CS - Commercial/Service
IL - Industrial-Light
PBG - Public Buildings and Grounds PARK - Parks
CON - Conservation Lands Unassigned

Polk County Future Land Use
A/RR - Agricultural/Rural INST - Institutional
RL-1 - Residential Low

Haines City Future Land Use
CP - Commercial IP - Industrial Park

AMENDED DISTRICT BOUNDARY

SECTS 9 & 10, T27S, R28E

COMPOSITE EXHIBIT 5 - FUTURE LAND USE MAP
SCENIC TERRACE SOUTH CDD

0'	500'

1000'
DATE: 5/16/2023

EXISTING 16" WATER MAIN
12" FORCE MAIN TO BE
CONSTRUCTED; TIE-IN AT
MANHOLE AT INTERSECTION OF DETOUR ROAD AND BANNON ISLAND ROAD

AMENDED DISTRICT BOUNDARY

AMENDED DISTRICT BOUNDARY

SECTS 9 & 10, T27S, R28E

EXHIBIT 6 - DRAINAGE AND UTILITIES SCENIC TERRACE SOUTH CDD

0'	500'

1000'

DATE: 5/16/2023

Exhibit 7A

SUMMARY OF PROPOSED DISTRICT FACILITIES					
DISTRICT INFRASTRUCTURE	CONSTRUCTION	OWNERSHIP	CAPITAL FINANCING	OPERATION AND MAINTENANCE	
Stormwater Facilities	District	District	District Bonds	District	
Lift Stations/Water/Sewer	District	Lake Hamilton	District Bonds	Lake Hamilton	
Street Lighting**	District	District	District Bonds	District/Duke Energy	
Onsite Road Construction	District	District	District Bonds	District	
Offsite Road Construction	District	Lake Hamilton	District Bonds	Lake Hamilton/Polk County	
Entry Feature & Signage	District	District	District Bonds	District	
Recreation Facilities/Amenities	District	District	District Bonds	District	
*Costs not funded by bonds will be funded by the developer.
** Only includes the incremental cost of undergrounding the electric conduit.

Exhibit 7B

EXHIBIT 7B COST ESTIMATE						

FACILITY TYPE	PHASE 1
(434 LOTS)
2021-2023
EXISTING	PHASE 2
(198 LOTS)
2021-2023
EXISTING	PHASE 3
(112 LOTS)
2023-2024
EXISTING	PHASE 4
(99 LOTS)
2023-2024
EXPANSION	
TOTAL (843 LOTS)	
Earthwork(2)	$1,454,030	$891,179	$353,041.92	$405,078.10	$3,103,329	
Roadway(1)(4)(5)(7	$2,797,550	$1,714,627	$679,252.00	$693,425.01	$5,884,853	
Stormwater System(1)(2)(3)(5)(6)(7)	$2,147,198	$1,316,025	$521,345.44	$553,846.88	$4,538,416	
Wastewater System	$2,213,168	$1,356,458	$537,362.56	$568,004.88	$4,674,994	
Potable Water Distribution System(1)(7)(8)(9)11)	$1,253,457	$768,248	$304,343.20	$362,032.40	$2,688,080	
Reclaimed Water Distribution System(1)(7)(8)(9)11)	$801,396	$491,178	$194,580.96	$265,010.64	$1,752,166	
Electrical Undergrounding(1)(7)(8)(9)11)	$1,095,850	$671,650	$266,075.04	$100,000.00	$2,133,574	
Landscape & Hardscape(8)	$1,342,223	$822,653	$325,895.36	$288,068.22	$2,778,840	
Amenities (Cabana, Tot Lots, and Recreation Areas)(1)(7)(11)	$930,000	$570,000	$225,806.56	$199,596.87	$1,925,403	
Offsite Improvements(1)(5)(7)(11)	$1,122,897	$1,122,897	$1,122,897.25	$700,000.00	$4,068,692	
Subtotal	$15,157,769	$9,724,915	$4,530,600	$4,135,063	$33,548,347	
Professional Fees (10%)					$3,354,835	
Subtotal					$36,903,183	
Contingency (10%)					$3,690,318	
Total					$40,593,501	
Notes:

Infrastructure consists of public roadway improvements, Stormwater management facilities, master sanitary sewer lift station and utilities, entry feature, landscaping and signage, and public neighborhood parks, all of which will be located on land owned by or subject to a permanent easement in favor of the District or another governmental entity.
Excludes grading of each lot in conjunction with home construction, which will be provided by home builder.
Includes Stormwater pond excavation. Does not include the cost of transportation of fill for use of private lots.
Includes sub‐grade, base, asphalt paving, curbing, and civil/site engineering.
Includes subdivision infrastructure and civil/site engineering.
Stormwater does not include grading associated with building pads.
Estimates are based on 2023 cost.
Includes entry features, signage, hardscape, landscape, irrigation, and fencing.
CDD will enter into a Lighting Agreement with Duke Energy for the street light poles and lighting service. Includes only the incremental cost of undergrounding.
Estimates based on 843 lots.
The costs associated with the infrastructure are a master cost and is effectively shared by the entire project (all phases).

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OVERALL DRAINAGE AREA MAP SCENIC TERRACE SUBDIVISION
SCENIC HIGHWAY SOUTH, LAKE HAMILTON
POLK COUNTY, FLORIDA
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F.1.R.M. COMMUNITY PANEL NO: 121020 03900 DATED 12/22116

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Composite Exhibit B Assessment Methodology

8

AMENDED & RESTATED
MASTER ASSESSMENT METHODOLOGY

FOR

SCENIC TERRACE SOUTH COMMUNITY DEVELOPMENT DISTRICT

Date: May 17, 2023

Prepared by

Governmental Management Services – Central Florida, LLC 219 E. Livingston St.
Orlando, FL 32801
Table of Contents

Introduction	3
Purpose	3
Background	3
Special Benefits and General Benefits	4
Requirements of a Valid Assessment Methodology	4
Special Benefits Exceed the Costs Allocated	5
Assessment Methodology	5
Overview	5
Allocation of Debt	6
Allocation of Benefit	6
Lienability Test: Special and Peculiar Benefit to the Property	6
Lienability Test: Reasonable and Fair Apportionment of the Duty to Pay Non-Ad Valorem Assessments	7
True-Up Mechanism	8
Assessment Roll	8
Appendix	9
Table 1: Development Program	9
Table 2: Capital Improvement Cost Estimates	10
Table 3: Bond Sizing	11
Table 4: Allocation of Improvement Costs	12
Table 5: Allocation of Total Par Debt to Each Product Type	13
Table 6: Par Debt and Annual Assessments	14
Table 7: Preliminary Assessment Roll	15
GMS-CF, LLC does not represent the Scenic Terrace South Community Development District as a Municipal Advisor or Securities Broker nor is GMS-CF, LLC registered to
provide such services as described in Section 15B of the Securities and Exchange Act of 1934, as amended. Similarly, GMS-CF, LLC
does not provide the Scenic Terrace South Community Development District with financial advisory services or offer investment advice in any form.
Introduction

The Scenic Terrace South Community Development District (the “District”) is a local unit of special-purpose government organized and existing under Chapter 190, Florida Statutes as amended. The District anticipates the issuance at this time of not to exceed $47,660,000 of tax- exempt bonds in one or more series (the “Bonds”) for the purpose of financing certain infrastructure improvements (“Capital Improvement Plan”) within the District more specifically described in the Engineer’s Report, dated October 13, 2021, which was amended on May 16, 2023, prepared by Dewberry Engineers Inc. as may be amended and supplemented from time to time (the “Engineer’s Report”). The District anticipates the construction of all or a portion of the Capital Improvements or Capital Improvement Plan (“Capital Improvements”) that benefit property owners within the District.

Purpose

The Board of Supervisors (“Board”) of the District previously approved the Master Assessment Methodology, dated October 13, 2021 (the “Master Report”). The Master Report established an assessment methodology the District followed to allocate debt assessments to properties within the District benefiting benefitting from the District’s CIP. Such assessments secure repayment of the Bonds. The District also previously adopted as a supplement to the Master Report, at the time of the issuance of the District’s $22,350,000 Special Assessment Bonds, Series 2022 (“Series 2022 Bonds”), Supplemental Assessment Methodology report dated March 16, 2022 (“Series 2022 Supplemental Report”). The Series 2022 Bonds remain unchanged by this report. The Series 2022 Supplemental Report applied the methodology to the details of the Series 2022 Bonds to allocate debt assessments (“Series 2022 Assessments”) to properties within the District to secure the repayment of the Series 2022 Bonds.

The methodology established by the Master Report allocated debt assessments to planned future units of residential product types. Since adoption of the Master Report, there have been expansions to the Districts boundaries to add new parcels within the District, such that not all of the assumed planned lots found in the Master Report represent the development planned for the District and so must be revised. Specifically, the revised development plan revises the unit mix to include an additional 99 lots in Phase 4.

This Amended and Restated Master Assessment Methodology amends and restates the original approved Master Report (collectively, the “Assessment Report”) provides for an assessment methodology that reflects the additional parcels, improvements, and planned lots.

This Assessment Report continues to allocate the debt to properties based on the special benefits each receives from the Capital Improvements. This Assessment Report will be supplemented with one or more supplemental methodology reports to reflect the actual terms and conditions at the time of the issuance of each series of Bonds issued to finance all or a portion of the Capital Improvements. This Assessment Report is designed to
conform to the requirements of Chapters 190 and 170, Florida Statutes, with respect to special assessments and is consistent with our understanding of case law on this subject.

The District intends to levy, impose and collect non ad valorem special assessments (“Special Assessments”) on the benefited lands within the District securing repayment of the Bonds based on this Assessment Report. It is anticipated that all of the proposed Special Assessments will be collected through the Uniform Method of Collection described in Section 197.3632, Florida Statutes or any other legal means available to the District. It is not the intent of this Assessment Report to address any other assessments, if applicable, that may be levied by the District including those for maintenance and operation of the Bonds, a homeowner’s association, or any other unit of government.

Background

The District currently includes approximately 206.56 gross developable acres within Town of Lake Hamilton, Florida and Polk County. The District is also being expanded to include an additional 4.55 acres. The development program for the District currently envisions approximately 843 residential units. The proposed development program is depicted in Table 1. It is recognized that such development plan may change, and this Assessment Report will be modified or supplemented accordingly.

The Capital Improvements contemplated by the District in the Capital Improvement Plan will provide facilities that benefit certain property within the District. Specifically, the District will construct and/or acquire certain earthwork, roadway, stormwater, wastewater, potable & reclaimed systems, electrical undergrounding, landscape & hardscape, amenities, offsite improvements, professional fees and contingency. The acquisition and construction costs are summarized in Table 2.

The assessment methodology is a four-step process.

The District Engineer must first determine the public infrastructure improvements that may be provided by the District and the costs to implement the Capital Improvements.
The District Engineer determines the assessable acres that benefit from the District’s Capital Improvements.
A calculation is made to determine the funding amounts necessary to acquire and/or construct the Capital Improvements.
This amount is initially divided equally among the benefited properties on a prorated assessable acreage basis. Ultimately, as land is platted, this amount will be assigned to each of the benefited properties based on the number and type of platted units.
Special Benefits and General Benefits

Capital Improvements undertaken by the District create special and peculiar benefits to the property, different in kind and degree, for properties within its borders as well as general benefits to the public at large. However, as discussed within this Assessment Report, these general benefits are incidental in nature and are readily distinguishable from the special and peculiar benefits, which accrue to property within the District. The implementation of the Capital Improvement Plan enables properties within the boundaries of the District to be developed. Without the District’s Capital Improvement Plan, there would be no infrastructure to support development of land within the District. Without these improvements, development of the property within District would be prohibited by law.

The general public and property owners outside of the District may benefit from the provision of the Capital Improvements. However, any such benefit will be incidental for the purpose of the Capital Improvement Plan, which is designed solely to meet the needs of property within the District. Properties outside of the District boundaries do not depend upon the District’s Capital Improvements. The property owners within the District are therefore receiving special benefits not received by the general public and those outside of the District’s boundaries.

Requirements of a Valid Assessment Methodology

There are two requirements under Florida law for a valid special assessment:

The properties must receive a special benefit from the Capital Improvements being paid for.
The assessments must be fairly and reasonably allocated or apportioned to the properties being assessed based on the special benefit such properties receive.

Florida law provides for a wide application of special assessments that meet these two characteristics of special assessments.

Special Benefits Will Equal or Exceed the Costs Allocated

The special benefits provided to the property within the District will be equal to or greater than the costs associated with providing these benefits. The District Engineer estimates that the District’s Capital Improvement Plan that is necessary to support full development of property within the District will cost approximately $40,593,501. The District’s Underwriter projects that financing costs required to fund the Capital Improvement Plan costs, the cost of issuance of the Bonds, the funding of a debt service reserve account and capitalized interest, will be approximately $47,660,000. Without the Capital Improvement Plan, the property within the District would not be able to be developed and occupied by future residents of the community.
2.0	Assessment Methodology

Overview

The District anticipates issuing approximately $47,660,000 in Bonds in one or more series to fund the District’s entire Capital Improvement Plan, provide for capitalized interest, a debt service reserve account and pay cost of issuance. It is the purpose of this Assessment Report to allocate the $47,660,000 in debt to the properties within the District benefiting from the Capital Improvement Plan. This report will be supplemented to reflect actual bond terms.

Table 1 identifies the land uses and lot sizes in the development as identified by the Developer within the District. The District has commissioned an Engineer’s Report that includes estimated construction costs for the Capital Improvements needed to support the development; these construction costs are outlined in Table 2. The Capital Improvements needed to support the development are described in detail in the Engineer’s Report and are estimated to cost $40,593,501. Based on the estimated costs, the size of the Bond issue under current market conditions needed to generate funds to pay for the Capital Improvements and related costs was determined by the District’s Underwriter to total approximately $47,660,000. Table 3 shows the breakdown of the Bond sizing.

Allocation of Debt

Allocation of debt is a continuous process until the development plan for the District are completed. Until the platting process occurs, the Capital Improvements funded by District Bonds benefits all acres within the District.

The initial assessments will be levied on an equal basis to all gross acreage within the District. A fair and reasonable methodology allocates the debt incurred by the District proportionately to the properties receiving the special benefits. At this point all of the lands within the District are benefiting from the Capital Improvements.

Once platting or the recording of a declaration of condominium of any portion of the District into individual lots or units (“Assigned Properties”) has begun, the Special Assessments will be levied to the Assigned Properties based on the benefits they receive, on a first platted, first assigned basis. The “Unassigned Properties” defined as property that has not been platted or subjected to a declaration of condominium, will continue to be assessed on a per acre basis. Eventually the development plan will be completed and the debt relating to the Bonds will be allocated to the assigned properties within the District, which are the beneficiaries of the Capital Improvement Plan, as depicted in Table 5 and Table 6. If there are changes to development plan, a true up of the assessment will be calculated to determine if a debt reduction or true-up payment from the Developer is required. The process is outlined in Section 3.0.
The assignment of debt in this Assessment Report sets forth the process by which debt is apportioned. As mentioned herein, this Assessment Report will be supplemented from time to time.

Allocation of Benefit

The Capital Improvement Plan consists of earthwork, roadway, stormwater, wastewater, potable & reclaimed systems, electrical undergrounding, landscape & hardscape, amenities, offsite improvements, professional fees and contingency. There are two product types within the planned development. The single-family 40’ home has been set as the base unit and has been assigned one equivalent residential unit (“ERU”). Table 4 shows the allocation of benefit to the particular product type. It is important to note that the benefit derived from the Capital Improvements on a particular unit will exceed the cost that the unit will be paying for such benefits.

Lienability Test: Special and Peculiar Benefit to the Property

Construction and/or acquisition by the District of its proposed Capital Improvements will provide several types of systems, facilities and services for its residents. These include offsite improvements, stormwater management facilities, mass grading and master systems, utility facilities, roadways, entry features, and park and amenity features. The benefit from the Capital Improvements accrue in differing amounts and are somewhat dependent on the product type receiving the special benefits peculiar to that property type, which flow from the logical relationship of the Capital Improvements to the assigned properties.

Once these determinations are made, they are reviewed in the light of the special benefits peculiar to the property, which flow to the properties as a result of their logical connection from the Capital Improvements actually provided.

For the provision of the Capital Improvement Plan, the special and peculiar benefits are:

the added use of the property,
added enjoyment of the property, and
the increased marketability and value of the property.

These special and peculiar benefits are real and ascertainable but are not yet capable of being calculated as to value with mathematical certainty. However, each is more valuable than either the cost of, or the actual Special Assessment levied for the Improvement as allocated.

Lienability Test: Reasonable and Fair Apportionment of the Duty to Pay Non-Ad Valorem Assessments
A reasonable estimate of the proportion of special and peculiar benefits received from the public improvements described in the Capital Improvement Plan is delineated in Table 5 (expressed as Allocation of Par Debt per Product Type). This is also shown on Table 7 depicting Allocation of Par Debt per Product Type.

The determination has been made that the duty to pay the non-ad valorem special assessments is fairly and reasonably apportioned because the special and peculiar benefits to the property derived from the acquisition and/or construction of the Capital Improvement Plan have been apportioned to the property within the District according to reasonable estimates of the special and peculiar benefits provided consistent with the product type of assignable properties.

Accordingly, no acre or parcel of property within the boundaries of the District will have a lien for the payment of any Special Assessment more than the determined special benefit particular to that property and therefore, the debt allocation will not be increased more than the debt allocation set forth in this Assessment Report.

In accordance with the benefit allocation suggested for the product types in Table 4, a total debt per unit and an annual assessment per unit have been calculated for each product type (Table 6). These amounts represent the preliminary anticipated per unit debt allocation assuming all anticipated assigned properties are built and sold as planned, and the entire proposed Capital Improvement Plan is constructed.

True Up Mechanism

Although the District does not process plats, declaration of condominiums, site plans or revisions thereto, it does have an important role to play during the course of platting and site planning. Whenever a plat, declaration of condominium or site plan is approved, the District must allocate a portion of its debt to the property according to this Assessment Report outlined herein (“Assigned Property”). In addition, the District must also prevent any buildup of debt on property or land that could be fully conveyed and/or platted without all of the debt being allocated (“Unassigned Property”). To preclude this, when platting for 25%, 50%, 75% and 100% of the units planned for platting has occurred within the District, the District will determine the amount of anticipated Bond Special Assessment revenue that remains on the Unassigned Properties, taking into account the full development plan of the District. If the total anticipated Bond Special Assessment revenue to be generated from the Assigned and Unassigned Properties is greater than or equal to the maximum annual debt service then no debt reduction or true-up payment is required. In the case that the revenue generated is less then the required amount then a debt reduction or true-up payment by the landowner in the amount necessary to reduce the par amount of the outstanding Bonds plus accrued interest to a level that will be supported by the new net annual debt service assessments will be required.

If a true-up payment is made less than 45 days prior to an interest payment date, the amount of accrued interest will be calculated to the next succeeding interest payment date.
Assessment Roll

The District will initially distribute the Special Assessments across the property within the District boundaries on a gross acreage basis. As Assigned Properties become known with certainty, the District will refine its allocation of debt from a per acre basis to a per unit basis as shown in Table 6. If the land use plan or product type changes, then the District will update Table 6 to reflect the changes as part of the foregoing true-up process. As a result, the assessment liens are not finalized with certainty on any acre of land in the District prior to the time final Assigned Properties become known. The preliminary assessment roll is attached as Table 7.

Land Use*	Units	ERUs per Unit (1)	Total ERUs	

Single Family - 40'	
293	
1	
293	
Single Family - 50'	550	1.25	687.5	
Total Units	843		981	

(1) Benefit is allocated on an ERU basis; based on density of planned development, SF 40' lot at 1 ERU

* Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

Capital Improvement Plan ("CIP") (1)	Total Cost Estimate	
Earthwork	$	3,010,315	
Roadway	$	5,791,839	
Stormwater System	$	4,445,401	
Wastewater System	$	4,581,979	
Potable Water System	$	2,595,066	
Reclaimed Water Distribution System	$	1,659,151	
Electrical Undergrounding	$	2,268,766	
Landscape & Hardscape	$	2,778,840	
Amenities (Cababna, Tot Lots, and Recreation Areas)	$	1,925,403	
Offsite Improvements	$	4,491,589	
Professional Fees	$	3,354,835	
Contingency	$	3,690,318	
Total	$	40,593,501	

(1) A detailed description of these improvements is provided in the Engineer's Report dated October 13, 2021, Amended May 16, 2023.

Prepared by: Governmental Management Services - Central Florida, LLC
SCENIC TERRACE SOUTH COMMUNITY DEVELOPMENT DISTRICT BOND SIZING
AMENDED & RESTATED MASTER ASSESSMENT METHODOLOGY			

Bond Sizing			
Description	Total		
Construction Funds	$		40,593,501	
Debt Service Reserve	$		2,943,029	
Capitalized Interest	$		2,859,600	
Underwriters Discount	$		953,200	
Cost of Issuance	$		310,671	
Par Amount*	$		47,660,000	

Bond Assumptions:			
Average Coupon Amortization Capitalized Interest Debt Service Reserve
Underwriters Discount		6.00%
30 years
12 Months Max Annual
2%	

* Par amount is subject to change based on the actual terms at the sale of the bonds Prepared by: Governmental Management Services - Central Florida, LLC

Land Use	No. of Units *	ERU Factor Total ERUs

% of Total ERUs

Total Improvements Costs Per Product Type

Improvement Costs Per Unit

Single Family - 40'	293	1	293	29.88%	$	12,130,439	$	41,401	
Single Family - 50'		550		1.25		687.5		70.12%	 $	28,463,061 	$	51,751	
		843				981		100.00%	 $	40,593,501 		

* Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

Land Use	No. of Units *

Total Improvements Costs Per Product Type

Allocation of Par Debt Per Product
Type	Par Per Unit

Single Family - 40'	293
$	12,130,439	$
14,242,101	$
48,608
Single Family - 50'		550	$	28,463,061	$	33,417,899	$	60,760 
	843	$	40,593,501	$	47,660,000	
* Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

Land Use	

No. of Units *	
Allocation of Par Debt Per Product Type	

Total Par Debt Per Unit	
Maximum Annual Debt Service	Net Annual Debt Assessment Per Unit	Gross Annual Debt Assessment Per Unit (1)						

Single Family - 40'	
293	
$	
14,242,101	
$	
48,608	
$	
879,457	
$	
3,002	
$	
3,227	
Single Family - 50'		550	$	33,417,899 	$	60,760  $	2,063,572  $	3,752	$	4,034								
		843	$	47,660,000 	 $	2,943,029 										

(1) This amount includes estimated collection fees and early payment discounts when collected on the Polk County Tax Bill

* Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

Owner	

Property ID #'s*	

Acres	Total Par Debt Allocation Per
Acre	
Total Par Debt Allocated	Net Annual Debt Assessment
Allocation	Gross Annual Debt Assessment
Allocation (1)	

Atlantic Blue Capital LLC	
272809000000023010	
30.79	
$	225,759	
$	6,951,122	
$	429,235	
$	461,543	
Floyd Road Investment LLC	272809000000012020	19.49	$	225,759	$	4,400,045	$	271,705	$	292,156	
Scenic Terrace Investment LLC	272809000000012010	19.23	$	225,759	$	4,341,347	$	268,080	$	288,258	
Scenic Terrace Investment LLC	272810000000034020	19.7	$	225,759	$	4,447,454	$	274,633	$	295,304	
Scenic Terrace Investment LLC	272810000000043010	19.36	$	225,759	$	4,370,696	$	269,893	$	290,207	
Scenic Terrace Investment LLC	272810000000041030	8.96	$	225,759	$	2,022,801	$	124,909	$	134,311	
Atlantic Blue Capital LLC	272809000000014030	25.5	$	225,759	$	5,756,857	$	355,489	$	382,246	
Atlantic Blue Capital LLC	272809000000014020	9.24	$	225,759	$	2,086,014	$	128,812	$	138,508	
HMD West LLC	272809000000041050	8.08	$	225,759	$	1,824,133	$	112,641	$	121,120	
HMD West LLC	272809000000041040	1.5	$	225,759	$	338,639	$	20,911	$	22,485	
Atlantic Blue Capital LLC	272809000000011020	9.93	$	225,759	$	2,241,788	$	138,432	$	148,851	
Turner Investments LTD	272809000000041020	18.77	$	225,759	$	4,237,498	$	261,668	$	281,363	
ST DEV PARTNERS LLC	272809000000013020	10.28	$	225,759	$	2,320,803	$	143,311	$	154,098	
ST DEV PARTNERS LLC	272809000000011030	10.28	$	225,759	$	2,320,803	$	143,311	$	154,098	
Totals		211.11		$	47,660,000	$	2,943,029	$	3,164,547	

Annual Assessment Periods	30	
Projected Bond Rate (%)	6.00%	
Maximum Annual Debt Service	$2,943,029	
(1) This amount includes estimated collection fees and early payment discounts when collected on the Polk County Tax Bill Prepared by: Governmental Management Services - Central Florida, LLC
SCENIC TERRACE SOUTH CDD			
A PORTION OF LAND LYING IN SECTION 9 AND 10, TOWNSHIP 28 SOUTH, RANGE 27 EAST, POLK COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS			
FOLLOWS:			
COMMENCE AT THE NORTH 1/4 CORNER OF SAID SECTION 9, THENCE RUN SOUTH 00°36'52" EAST ALONG THE WEST LINE OF THE NORTHEAST 1/4 FOR A			
DISTANCE OF 1371.46 FEET; THENCE DEPARTING SAID WEST LINE RUN NORTH 89°23'08" EAST FOR A DISTANCE OF 37.81 FEET TO THE POINT OF BEGINNING;			
THENCE RUN THE FOLLOWING COURSES AND DISTANCES ALONG THE SOUTH RIGHT OF WAY LINE OF WHITE CLAY PIT ROAD, AS RECORDED IN MAP BOOK 2,			
PAGES 146 THROUGH 156, PUBLIC RECORDS OF POLK COUNTY FLORIDA: NORTH 69°21'25" EAST, 47.30 FEET; SOUTH 89°17'17" EAST, 1240.44 FEET; NORTH			
89°45'07" EAST, 1310.06 FEET TO A POINT ON THE WEST RIGHT OF WAY LINE OF DETOUR ROAD, AS RECORDED IN MAP BOOK 1, PAGES 14 THROUGH 17,			
AFORESAID PUBLIC RECORDS OF POLK COUNTY FLORIDA; THENCE RUN SOUTH 00°40'51" EAST ALONG SAID WEST RIGHT OF WAY LINE FOR A DISTANCE OF			
641.71 FEET TO THE INTERSECTION OF SAID WEST LINE AND THE WESTERLY EXTENSION OF THE NORTH LINE OF THE SOUTH 1/2 OF THE SOUTHWEST 1/4 OF			
THE NORTHWEST 1/4 OF AFORESAID SECTION 10; THENCE RUN NORTH 89°18'18" EAST ALONG SAID WESTERLY EXTENSION AND THE NORTH LINE OF THE			
SOUTH 1/2 OF THE SOUTHWEST 1/4 OF THE NORTHWEST 1/4, ALSO BEING THE SOUTH LINE OF QUAIL RIDGE POINTE, AS RECORDED IN PLAT BOOK 107, PAGE			
44, SAID PUBLIC RECORDS FOR A DISTANCE OF 1336.30 FEET TO THE NORTHEAST CORNER OF SAID SOUTH 1/2 OF THE SOUTHWEST 1/4 OF THE NORTHWEST			
1/4, ALSO BEING THE SOUTHEAST CORNER OF SAID QUAIL RIDGE POINTE; THENCE RUN SOUTH 00°31'31" EAST ALONG THE EAST LINE OF THE SOUTH 1/2 OF			
THE SOUTHWEST 1/4 OF THE NORTHWEST 1/4 OF SAID SECTION 10 FOR A DISTANCE OF 692.63 FEET TO A POINT ON THE SOUTH RIGHT OF WAY LINE OF			
HUGHES ROAD, RECORDED IN MAP BOOK 9, PAGES 12 THROUGH 30, SAID PUBLIC RECORDS; THENCE RUN NORTH 87°44' 17" EAST ALONG SAID SOUTH RIGHT			
OF WAY LINE FOR A DISTANCE OF 400.19 FEET TO A POINT ON THE EAST LINE OF THE WEST 400 FEET OF THE NORTH 990 FEET OF THE NORTHEAST 1/4 OF THE			
SOUTHWEST 1/4 OF SAID SECTION 10, AS RECORDED IN OFFICIAL RECORDS BOOK 10582, PAGE 184, SAID PUBLIC RECORDS; THENCE DEPARTING SAID SOUTH			
RIGHT OF WAY LINE RUN SOUTH 00°30'19" EAST ALONG SAID EAST LINE FOR A DISTANCE OF 975.04 FEET TO THE SOUTHEAST CORNER OF SAID WEST 400 FEET			
OF THE NORTH 990 FEET; THENCE RUN SOUTH 89°13' 41" WEST ALONG THE SOUTH LINE OF SAID WEST 400 FEET OF THE NORTH 990 FEET FOR A DISTANCE OF			
400.00 FEET TO THE SOUTHEAST CORNER OF SAID WEST 400 FEET OF THE NORTH 990 FEET ALSO BEING A POINT ON THE WEST LINE OF THE NORTHEAST 1/4			
OF THE SOUTHWEST 1/4; THENCE RUN NORTH 00°30'19" WEST ALONG SAID WEST LINE FOR A DISTANCE OF 330.07 FEET TO THE SOUTHEAST CORNER OF THE			
NORTH 1/2 OF THE NORTHWEST 1/4 OF THE SOUTHWEST 1/4 OF SAID SECTION 10; THENCE RUN SOUTH 89°13'27" WEST ALONG THE SOUTH LINE OF SAID			
NORTH 1/2 OF THE NORTHWEST 1/4 OF THE SOUTHWEST 1/4 FOR A DISTANCE OF 1299.58 FEET TO A POINT ON THE EAST RIGHT OF WAY LINE OF AFORESAID			
DETOUR ROAD; THENCE RUN NORTH 00°57'39" WEST ALONG SAID EAST RIGHT OF WAY LINE FOR A DISTANCE OF 645.08 FEET TO A POINT ON THE SOUTH			
RIGHT OF WAY LINE OF AFORESAID HUGHES ROAD; THENCE RUN THE FOLLOWING COURSES AND DISTANCES ALONG SAID SOUTH RIGHT OF WAY LINE: SOUTH			
89°17'27" WEST, 54.09 FEET; NORTH 88°08'19" WEST, 78.74 FEET; SOUTH 89°27'54" WEST, 100.02 FEET; NORTH 88°48'59" WEST, 300.01 FEET; NORTH 89°57'44"			
WEST, 100.00 FEET; NORTH 88°48'59" WEST, 100.00 FEET; NORTH 89°23'21" WEST, 300.00 FEET; NORTH 88°48'59" WEST, 200.01 FEET; NORTH 88°51'54" WEST,			
109.31 FEET TO A POINT ON THE EAST LINE OF THE NORTHWEST 1/4 OF THE SOUTHEAST 1/4 OF AFORESAID SECTION 9; THENCE RUN SOUTH 00°34'36" EAST			
ALONG SAID EAST LINE FOR A DISTANCE OF 1318.27 FEET TO THE SOUTHEAST CORNER OF SAID NORTHWEST 1/4 OF THE SOUTHEAST 1/4; THENCE RUN			
NORTH 89°44'40" WEST ALONG THE SOUTH LINE OF SAID NORTHWEST 1/4 OF THE SOUTHEAST 1/4 FOR A DISTANCE OF 1351.96 FEET TO A POINT ON THE WEST			
RIGHT OF WAY LINE OF STATE ROAD 17 AS SHOWN ON FDOT RIGHT OF WAY MAP SECTION NO. 5029-RD (8), AFORESAID PUBLIC RECORDS; THENCE RUN			
SOUTH 00°33'34" EAST ALONG SAID WEST RIGHT OF WAY LINE FOR A DISTANCE OF 658.71 FEET TO A POINT ON THE SOUTH LINE OF THE NORTHEAST 1/4 OF			
THE SOUTHEAST 1/4 OF THE SOUTHWEST 1/4; THENCE RUN NORTH 89°39'18" WEST ALONG SAID SOUTH LINE FOR A DISTANCE OF 589.98 FEET TO A POINT ON			
THE EAST LINE OF THE DUKE ENERGY PROPERTY, AS RECORDED IN OFFICIAL RECORDS BOOK 2209, PAGE 0597, SAID PUBLIC RECORDS; THENCE RUN NORTH			
03°05'06" WEST ALONG SAID EAST LINE FOR A DISTANCE OF 1963.50 FEET TO A POINT ON THE AFORESAID SOUTH RIGHT OF WAY LINE OF HUGHES ROAD;			
THENCE DEPARTING SAID EAST LINE RUN THE FOLLOWING COURSES AND DISTANCES ALONG SAID SOUTH RIGHT OF WAY LINE: SOUTH 89°30'32" EAST, 49.40			
FEET; NORTH 00°39'47" EAST, 6.80 FEET; SOUTH 89°44'17" EAST, 100.00 FEET; SOUTH 89°30'32" EAST, 100.00 FEET; SOUTH 89°37'24" EAST, 100.00 FEET; SOUTH			
89°03'02" EAST, 100.00 FEET; SOUTH 89°54'36" EAST, 100.00 FEET; SOUTH 86°11'47" EAST, 110.29 FEET; SOUTH 87°23'20"' EAST, 83.13 FEET TO A POINT ON THE			
EAST RIGHT OF WAY LINE OF AFORESAID STATE ROAD 17; THENCE RUN NORTH 00°33'34" WEST ALONG SAID EAST RIGHT OF WAY LINE FOR A DISTANCE OF			
1314.71 FEET TO THE POINT OF BEGINNING.			
ADDITIONALLY: THE SOUTHEAST 1/4 OF THE NORTHEAST 1/4 OF THE NORTHEAST 1/4 OF SECTION 9, TOWNSHIP 28 SOUTH, RANGE 27 EAST, POLK COUNTY,			
FLORIDA, LYING WEST OF DETOUR ROAD, ACCORDING TO THE POLK COUNTY MAINTAINED RIGHT OF WAY MAP OF DETOUR ROAD, RECORDED IN MAP BOOK 1,			
PAGES 14 THROUGH 17 OF THE PUBLIC RECORDS OF POLK COUNTY, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:			
COMMENCE AT THE NORTH 1/4 CORNER OF SAID SECTION 9, RUN THENCE ALONG THE WEST BOUNDARY OF SAID NORTHEAST 1/4, S.00°36'53"E., A DISTANCE OF			
1332.66 FEET TO THE SOUTH BOUNDARY OF THE NORTH 1/2 OF SAID NORTHEAST 1/4; THENCE ALONG SAID SOUTH BOUNDARY, S.89°55'02"E., A DISTANCE OF			
1983.73 FEET TO THE SOUTHWEST CORNER OF AFORESAID SOUTHEAST 1/4 OF THE NORTHEAST 1/4 OF THE NORTHEAST 1/4 FOR A POINT OF BEGINNING;			
THENCE ALONG THE WEST BOUNDARY THEREOF, N.00°35'14"W., A DISTANCE OF 668.36 FEET TO THE NORTH BOUNDARY THEREOF; THENCE ALONG SAID NORTH			
BOUNDARY, S.89°58'33"E., A DISTANCE OF 646.51 FEET TO THE WEST MAINTAINED RIGHT OF WAY OF AFORESAID DETOUR ROAD; THENCE ALONG SAID WEST			
MAINTAINED RIGHT OF WAY THE FOLLOWING FOUR (4) COURSES: 1) S.00°17'29"E., A DISTANCE OF 232.78 FEET; 2) S.00°34'41"E., A DISTANCE OF 200.00 FEET;			
3) S.00°51'52"E., A DISTANCE OF 200.00 FEET; 4) S.00°00'18"E., A DISTANCE OF 36.24 FEET TO AFORESAID SOUTH BOUNDARY OF THE NORTH1/2 OF THE			
NORTHEAST 1/4; THENCE ALONG SAID SOUTH BOUNDARY, N.89°55'02"W., A DISTANCE OF 645.88 FEET TO THE POINT OF BEGINNING. CONTAINING 9.911 ACRES,			
MORE OR LESS.			
CONTAINING 206.541 ACRES, MORE OR LESS.			
ADDITIONALLY:			
THE SOUTHEAST 1/4 OF THE NORTHWEST 1/4 OF THE NORTHEAST 1/4, AND THE SOUTHWEST 1/4 OF THE NORTHEAST 1/4 OF THE NORTHEAST 1/4 OF SECTION 9,			
TOWNSHIP 28 SOUTH, RANGE 27 EAST, POLK COUNTY, FLORIDA, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:			
COMMENCE AT THE NORTH 1/4 CORNER OF SAID SECTION 9, RUN THENCE ALONG THE WEST BOUNDARY OF SAID NORTHEAST 1/4, S.00°36'53"E., A DISTANCE OF			
1332.66 FEET TO THE SOUTH BOUNDARY OF THE NORTH 1/2 OF SAID NORTHEAST 1/4; THENCE ALONG SAID SOUTH BOUNDARY, S.89°55'02"E., A DISTANCE OF			
661.24 FEET TO THE SOUTHWEST CORNER OF AFORESAID SOUTHEAST 1/4 OF THE NORTHWEST 1/4 OF THE NORTHEAST 1/4 FOR A POINT OF BEGINNING;			
THENCE ALONG THE WEST BOUNDARY THEREOF, N.00°36'20"W., A DISTANCE OF 667.01 FEET TO THE SOUTH BOUNDARY OF THE NORTH 1/4 OF SAID NORTHEAST			
1/4; THENCE ALONG SAID SOUTH BOUNDARY, S.89°58'33"E., A DISTANCE OF 1322.68 FEET TO THE EAST BOUNDARY OF AFORESAID SOUTHWEST 1/4 OF THE			
NORTHEAST 1/4 OF THE NORTHEAST 1/4; THENCE ALONG THE EAST BOUNDARY THEREOF, S.00°35'14"E., A DISTANCE OF 668.36 FEET TO AFORESAID SOUTH			
BOUNDARY OF THE NORTH 1/2 OF THE NORTHEAST 1/4; THENCE ALONG SAID SOUTH BOUNDARY, N.89°55'02"W., A DISTANCE OF 1322.49 FEET TO THE POINT OF			
BEGINNING.			
CONTAINING 20.271 ACRES, MORE OR LESS.			
SECTS 9 & 10, T27S, R28E			
	EXHIBIT 4 - LEGAL DESCRIPTION OF		
	AMENDED DISTRICT (1)		
	SCENIC TERRACE SOUTH CDD		
		DATE: 5/16/2023	
LESS DESCRIPTION:			
A PARCEL OF LAND LYING IN SECTION 9, TOWNSHIP 28 SOUTH, RANGE 27 EAST, POLK COUNTY, FLORIDA, AND BEING MORE PARTICULARLY			
DESCRIBED AS FOLLOWS:			
BEGIN AT THE SOUTHEAST CORNER OF THE NORTHWEST 1/4 OF THE SOUTHEAST 1/4 OF SAID SECTION 9; THENCE ALONG THE SOUTH			
BOUNDARY OF SAID NORTHWEST 1/4 OF THE SOUTHEAST 1/4 OF SECTION 9, N.89°44'40"W., A DISTANCE OF 1285.95 FEET TO THE EAST			
RIGHT-OF-WAY OF SCENIC HIGHWAY, ALSO KNOWN AS STATE ROAD 17 PER THE FLORIDA DEPARTMENT OF TRANSPORTATION			
RIGHT-OF-WAY MAP SECTION 5029-RD (8); THENCE ALONG SAID EAST RIGHT-OF-WAY, N.00°33'34"W., A DISTANCE OF 449.46 FEET; THENCE			
DEPARTING SAID EAST RIGHT-OF-WAY, N.89°25'24"E., A DISTANCE OF 530.68 FEET; THENCE N.00°34'36"W., A DISTANCE OF 10.00 FEET;			
THENCE N.89°25'24"E., A DISTANCE OF 555.00 FEET; THENCE S.00°34'36"E., A DISTANCE OF 85.00 FEET; THENCE N.89°25'24"E., A DISTANCE OF			
200.00 FEET TO THE EAST BOUNDARY OF SAID NORTHWEST 1/4 OF THE SOUTHEAST 1/4 OF SECTION 9; THENCE ALONG SAID EAST			
BOUNDARY, S.00°34'36"E., A DISTANCE OF 393.14 FEET TO THE POINT OF BEGINNING. CONTAINING 13.325 ACRES, MORE OR LESS.			

LESS DESCRIPTION:			
A PARCEL OF LAND LYING IN THE NORTHEAST 1/4 OF SECTION 9, TOWNSHIP 28 SOUTH, RANGE 27 EAST, POLK COUNTY, FLORIDA, AND BEING			
MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE NORTH 1/4 CORNER OF SAID SECTION 9, RUN THENCE ALONG THE			
WEST BOUNDARY OF SAID NORTHEAST 1/4, S.00°36'53"E., A DISTANCE OF 1360.11 FEET; THENCE DEPARTING SAID WEST BOUNDARY,			
N.89°23'07"E., A DISTANCE OF 36.64 FEET TO THE INTERSECTION OF THE EASTERLY RIGHT OF WAY OF SCENIC HIGHWAY (STATE ROAD 17),			
ACCORDING TO THE STATE OF FLORIDA STATE ROAD DEPARTMENT RIGHT OF WAY MAP, PROJ. 5209-RD.(8), AND THE SOUTHERLY			
MAINTAINED RIGHT OF WAY OF WHITE CLAY PIT ROAD, ACCORDING TO THE POLK COUNTY MAINTAINED RIGHT OF WAY MAP OF WHITE CLAY			
PIT ROAD, RECORDED IN MAP BOOK 2, PAGES 146 THROUGH 156 OF THE PUBLIC RECORDS OF POLK COUNTY, FLORIDA, FOR A POINT OF			
BEGINNING; THENCE ALONG SAID SOUTHERLY MAINTAINED RIGHT OF WAY THE FOLLOWING FOUR (4) COURSES: N.87°19'06"E., A DISTANCE			
OF 63.17 FEET; 2) S.89°25'57"E., A DISTANCE OF 100.00 FEET; 3) S.88°58'27"E., A DISTANCE OF 200.01 FEET; 4) S.89°32'50"E., A DISTANCE OF			
152.32 FEET; THENCE DEPARTING SAID SOUTHERLY MAINTAINED RIGHT OF WAY, S.00°43'13"W., A DISTANCE OF 196.22 FEET; THENCE			
S.89°24'09"W., A DISTANCE OF 204.98 FEET; THENCE N.00°35'51"W., A DISTANCE OF 10.00 FEET; THENCE S.89°24'09"W., A DISTANCE OF 174.65			
FEET; THENCE S.00°35'51"E., A DISTANCE OF 22.50 FEET; THENCE S.89°24'09"W., A DISTANCE OF 131.23 FEET TO AFORESAID EASTERLY RIGHT			
OF WAY OF SCENIC HIGHWAY (STATE ROAD 17); THENCE ALONG SAID EASTERLY RIGHT OF WAY, N.00°35'07"W., A DISTANCE OF 216.86 FEET			
TO THE POINT OF BEGINNING. CONTAINING 2.374 ACRES, MORE OR LESS.			

ALTOGETHER CONTAINING 211.113 ACRES, MORE OR LESS.			
SECTS 9 & 10, T27S, R28E			
	EXHIBIT 4 - LEGAL DESCRIPTION OF		
	AMENDED DISTRICT (2)		
	SCENIC TERRACE SOUTH CDD		
		DATE: 5/16/2023	

SUPPLMENTAL ASSESSMENT METHODOLOGY
FOR SERIES 2023 BONDS

FOR

SCENIC TERRACE SOUTH COMMUNITY DEVELOPMENT DISTRICT

Date: October 4, 2023

Prepared by

Governmental Management Services – Central Florida, LLC 219 E. Livingston St.
Orlando, FL 32801
Table of Contents

1.0 Introduction	3
Purpose	3
Background	3
Special Benefits and General Benefits	4
Requirements of a Valid Assessment Methodology	4
Special Benefits Exceed the Costs Allocated	5
2.0 Assessment Methodology	5
Overview	5
Allocation of Debt	6
Allocation of Benefit	6
Lienability Test: Special and Peculiar Benefit to the Property	6
Lienability Test: Reasonable and Fair Apportionment of the Duty to Pay Non-Ad Valorem Assessments	7
True-Up Mechanism	8
Assessment Roll	8
Appendix	9
Table 1: Development Program	9
Table 2: Capital Improvement Cost Estimates	10
Table 3: Bond Sizing	11
Table 4: Allocation of Improvement Costs	12
Table 5: Allocation of Total Par Debt to Each Product Type	13
Table 6: Par Debt and Annual Assessments	14
Table 7: Preliminary Assessment Roll	15
GMS-CF, LLC does not represent the Scenic Terrace South Community Development District as a Municipal Advisor or Securities Broker nor is GMS-CF, LLC registered to
provide such services as described in Section 15B of the Securities and Exchange Act of 1934, as amended. Similarly, GMS-CF, LLC
does not provide the Scenic Terrace South Community Development District with financial advisory services or offer investment advice in any form.
1.0	Introduction

The Scenic Terrace South Community Development District (the “District”) is a local unit of special-purpose government organized and existing under Chapter 190, Florida Statutes as amended. The District will issue on October 20, 2023 its $2,195,000 of tax-exempt bonds in one series (the “Series 2023 Bonds” or “Bonds”) for the purpose of financing certain infrastructure improvements (“2023 Capital Improvement Plan”) within Phase 4 within the District more specifically described in the Engineer’s Report, dated October 13, 2021, which was amended and Restated on August 31, 2023, prepared by Dewberry Engineers Inc. as may be amended and supplemented from time to time (the “Engineer’s Report”). The District anticipates the construction of all or a portion of the Capital Improvements or Capital Improvement Plan (“Phase 4 Capital Improvements”) that benefit property owners within Phase 4 within the District.

Purpose

The Board of Supervisors (“Board”) of the District previously approved the Master Assessment Methodology, dated October 13, 2021, which was amended and restated on May 17, 2023 (the “Master Report”). The Master Report established an assessment methodology the District followed to allocate debt assessments to properties within the District benefiting benefitting from the District’s CIP. Such assessments secure repayment of the Bonds. The District also previously adopted as a supplement to the Master Report, at the time of the issuance of the District’s $22,350,000 Special Assessment Bonds, Series 2022 (“Series 2022 Bonds”), Supplemental Assessment Methodology report dated March 16, 2022 (“Series 2022 Supplemental Report”). The Series 2022 Bonds remain unchanged by this report. The Series 2022 Supplemental Report applied the methodology to the details of the Series 2022 Bonds to allocate debt assessments (“Series 2022 Assessments”) to properties within the District to secure the repayment of the Series 2022 Bonds.

The District will levy, impose and collect non ad valorem special assessments (“Special Assessments”) on the benefited lands within Phase 4 within the District securing repayment of the Bonds based on this Assessment Report. It is anticipated that all of the proposed Special Assessments will be collected through the Uniform Method of Collection described in Section 197.3632, Florida Statutes or any other legal means available to the District. It is not the intent of this Assessment Report to address any other assessments, if applicable, that may be levied by the District including those for maintenance and operation of the Bonds, a homeowner’s association, or any other unit of government.

Background

The District currently includes approximately 20.27 gross developable acres within the Town of Lake Hamilton, Florida, and Polk County. The development program for Phase 4 within District currently envisions 99 residential units. The proposed development program for Phase 4 within the District is depicted in Table 1. It is recognized that such development plan may change, and this Assessment Report will be modified or supplemented accordingly.
The Phase 4 Capital Improvements contemplated by the District in the 2023 Capital Improvement Plan will provide facilities that benefit certain property within Phase 4 within the District. Specifically, the District will construct and/or acquire certain earthwork, roadway, stormwater, wastewater, potable & reclaimed systems, electrical undergrounding, landscape & hardscape, amenities, offsite improvements, professional fees and contingency. The acquisition and construction costs are summarized in Table 2.

The assessment methodology is a four-step process.

The District Engineer must first determine the public infrastructure improvements that may be provided by the District and the costs to implement the Phase 4 Capital Improvements.
The District Engineer determines the assessable acres that benefit from the District’s Phase 4 Capital Improvements.
A calculation is made to determine the funding amounts necessary to acquire and/or construct the Phase 4 Capital Improvements.
This amount is initially divided equally among the benefited properties on a prorated assessable acreage basis. Ultimately, as land is platted, this amount will be assigned to each of the benefited properties based on the number and type of platted units.

Special Benefits and General Benefits

Phase 4 Capital Improvements undertaken by the District create special and peculiar benefits to the property, different in kind and degree, for properties within its borders as well as general benefits to the public at large. However, as discussed within this Assessment Report, these general benefits are incidental in nature and are readily distinguishable from the special and peculiar benefits, which accrue to property within Phase 4 within the District. The implementation of the 2023 Capital Improvement Plan enables properties within the boundaries of the District to be developed. Without the District’s 2023 Capital Improvement Plan, there would be no infrastructure to support development of land within Phase 4 within the District. Without these improvements, development of the property within District would be prohibited by law.

The general public and property owners outside of Phase 4 within the District may benefit from the provision of the Phase 4 Capital Improvements. However, any such benefit will be incidental for the purpose of the 2023 Capital Improvement Plan, which is designed solely to meet the needs of property within Phase 4 within the District. Properties outside of the District’s Phase 4 boundaries do not depend upon the District’s Phase 4 Capital Improvements. The property owners within Phase 4 within the District are therefore receiving special benefits not received by the general public and those outside of the District’s boundaries.
Requirements of a Valid Assessment Methodology

There are two requirements under Florida law for a valid special assessment:

The properties must receive a special benefit from the Capital Improvements being paid for.
The assessments must be fairly and reasonably allocated or apportioned to the properties being assessed based on the special benefit such properties receive.

Florida law provides for a wide application of special assessments that meet these two characteristics of special assessments.

Special Benefits Will Equal or Exceed the Costs Allocated

The special benefits provided to the property within Phase 4 within the District will be equal to or greater than the costs associated with providing these benefits. The District Engineer estimates that the District’s 2023 Capital Improvement Plan that is necessary to support full development of property within Phase 4 within the District will cost approximately $5,003,426. The District’s Underwriter projects that financing costs required to fund the 2023 Capital Improvement Plan costs, the cost of issuance of the Bonds, and the funding of a debt service reserve account, will be approximately $2,195,000. Without the 2023 Capital Improvement Plan, the property within Phase 4 within the District would not be able to be developed and occupied by future residents of the community.

2.0	Assessment Methodology

Overview

The District will issue on October 20, 2023 its $2,195,000 in Bonds in one series to fund the District’s 2023 Capital Improvement Plan, provide for a debt service reserve account and pay cost of issuance. It is the purpose of this Assessment Report to allocate the $2,195,000 in debt to the properties within Phase 4 within the District benefiting from the 2023 Capital Improvement Plan.

Table 1 identifies the land uses and lot sizes in the development as identified by the Developer within Phase 4 within the District. The District has commissioned an Engineer’s Report that includes estimated construction costs for the Phase 4 Capital Improvements needed to support the development; these construction costs are outlined in Table 2. The Phase 4 Capital Improvements needed to support the development are described in detail in the Engineer’s Report and are estimated to cost $5,003,426. Based on the estimated costs, the size of the Bond issue under current market conditions needed to generate funds to pay for the Phase 4 Capital Improvements and related costs was determined by the District’s Underwriter to total approximately $2,195,000. Table 3 shows the breakdown of the Bond sizing.
Allocation of Debt

Allocation of debt is a continuous process until the development plan for the District are completed. Until the platting process occurs, the Phase 4 Capital Improvements funded by District Bonds benefits all acres within Phase 4 within the District.

The initial assessments will be levied on an equal basis to all gross acreage within Phase 4 within the District. A fair and reasonable methodology allocates the debt incurred by the District proportionately to the properties receiving the special benefits. At this point all of the lands within Phase 4 within the District are benefiting from the Phase 4 Capital Improvements.

Once platting or the recording of a declaration of condominium of any portion of the District into individual lots or units (“Assigned Properties”) has begun, the Special Assessments will be levied to the Assigned Properties based on the benefits they receive, on a first platted, first assigned basis. The “Unassigned Properties” defined as property that has not been platted or subjected to a declaration of condominium, will continue to be assessed on a per acre basis. Eventually the development plan will be completed and the debt relating to the Bonds will be allocated to the assigned properties within Phase 4 within the District, which are the beneficiaries of the 2023 Capital Improvement Plan, as depicted in Table 5 and Table 6. If there are changes to development plan, a true up of the assessment will be calculated to determine if a debt reduction or true-up payment from the Developer is required. The process is outlined in Section 3.0.

The assignment of debt in this Assessment Report sets forth the process by which debt is apportioned. As mentioned herein, this Assessment Report will be supplemented from time to time.

Allocation of Benefit

The 2023 Capital Improvement Plan consists of earthwork, roadway, stormwater, wastewater, potable & reclaimed systems, electrical undergrounding, landscape & hardscape, amenities, offsite improvements, professional fees and contingency. There is one product type within the planned development. The single-family home has been set as the base unit and has been assigned one equivalent residential unit (“ERU”). Table 4 shows the allocation of benefit to the particular product type. It is important to note that the benefit derived from the Phase 4 Capital Improvements on a particular unit will exceed the cost that the unit will be paying for such benefits.

Lienability Test: Special and Peculiar Benefit to the Property

Construction and/or acquisition by the District of its proposed Phase 4 Capital Improvements will provide several types of systems, facilities, and services for its residents. These include offsite improvements, stormwater management facilities, mass grading and master systems, utility facilities, roadways, entry features, and park and amenity features. The benefit from the Phase 4 Capital Improvements accrues in differing
amounts and are somewhat dependent on the product type receiving the special benefits peculiar to that property type, which flow from the logical relationship of the Phase 4 Capital Improvements to the assigned properties.

Once these determinations are made, they are reviewed in the light of the special benefits peculiar to the property, which flow to the properties as a result of their logical connection from the Phase 4 Capital Improvements actually provided.

For the provision of the 2023 Capital Improvement Plan, the special and peculiar benefits are:

the added use of the property,
added enjoyment of the property, and
the increased marketability and value of the property.

These special and peculiar benefits are real and ascertainable but are not yet capable of being calculated as to value with mathematical certainty. However, each is more valuable than either the cost of, or the actual Special Assessment levied for the Improvement as allocated.

Lienability Test: Reasonable and Fair Apportionment of the Duty to Pay Non-Ad Valorem Assessments

A reasonable estimate of the proportion of special and peculiar benefits received from the public improvements described in the 2023 Capital Improvement Plan is delineated in Table 5 (expressed as Allocation of Par Debt per Product Type). This is also shown on Table 7 depicting Allocation of Par Debt per Product Type.

The determination has been made that the duty to pay the non-ad valorem special assessments is fairly and reasonably apportioned because the special and peculiar benefits to the property derived from the acquisition and/or construction of the 2023 Capital Improvement Plan have been apportioned to the property within Phase 4 within the District according to reasonable estimates of the special and peculiar benefits provided consistent with the product type of assignable properties.

Accordingly, no acre or parcel of property within the boundaries of the District will have a lien for the payment of any Special Assessment more than the determined special benefit particular to that property and therefore, the debt allocation will not be increased more than the debt allocation set forth in this Assessment Report.

In accordance with the benefit allocation suggested for the product types in Table 4, a total debt per unit and an annual assessment per unit have been calculated for each product type (Table 6). These amounts represent the preliminary anticipated per unit debt allocation assuming all anticipated assigned properties are built and sold as planned, and the entire proposed 2023 Capital Improvement Plan is constructed.
True Up Mechanism

Although the District does not process plats, declaration of condominiums, site plans or revisions thereto, it does have an important role to play during the course of platting and site planning. Whenever a plat, declaration of condominium or site plan is approved, the District must allocate a portion of its debt to the property according to this Assessment Report outlined herein (“Assigned Property”). In addition, the District must also prevent any buildup of debt on property or land that could be fully conveyed and/or platted without all of the debt being allocated (“Unassigned Property”). To preclude this, when platting for 25%, 50%, 75% and 100% of the units planned for platting has occurred within Phase 4 within the District, the District will determine the amount of anticipated Bond Special Assessment revenue that remains on the Unassigned Properties, taking into account the full development plan of the District. If the total anticipated Bond Special Assessment revenue to be generated from the Assigned and Unassigned Properties is greater than or equal to the maximum annual debt service then no debt reduction or true- up payment is required. In the case that the revenue generated is less then the required amount then a debt reduction or true-up payment by the landowner in the amount necessary to reduce the par amount of the outstanding Bonds plus accrued interest to a level that will be supported by the new net annual debt service assessments will be required.

If a true-up payment is made less than 45 days prior to an interest payment date, the amount of accrued interest will be calculated to the next succeeding interest payment date.

Assessment Roll

The District will initially distribute the Special Assessments across the property within Phase 4 within the District boundaries on a gross acreage basis. As Assigned Properties become known with certainty, the District will refine its allocation of debt from a per acre basis to a per unit basis as shown in Table 6. If the land use plan or product type changes, then the District will update Table 6 to reflect the changes as part of the foregoing true-up process. As a result, the assessment liens are not finalized with certainty on any acre of land in the District prior to the time final Assigned Properties become known. The preliminary assessment roll is attached as Table 7.

Land Use*	Units	ERUs per Unit (1)	Total ERUs	

Single Family	
99	
1	
99	
Total Units	99		99	

(1) Benefit is allocated on an ERU basis; based on density of planned development, Single Family lot at 1 ERU

* Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

Capital Improvement Plan ("CIP") (1)	Total Cost Estimate	
Earthwork	$	405,078	
Roadway	$	693,425	
Stormwater System	$	553,847	
Wastewater System	$	568,005	
Potable Water System	$	362,032	
Reclaimed Water Distribution System	$	265,011	
Electrical Undergrounding	$	100,000	
Landscape & Hardscape	$	288,068	
Amenities (Cababna, Tot Lots, and Recreation Areas)	$	199,597	
Offsite Improvements	$	700,000	
Professional Fees	$	413,506	
Contingency	$	454,857	
Total	$	5,003,426	

(1) A detailed description of these improvements is provided in the
Engineer's Report dated October 13, 2021, Amended and Restated August 31, 2023.

Prepared by: Governmental Management Services - Central Florida, LLC
SCENIC TERRACE SOUTH COMMUNITY DEVELOPMENT BOND SIZING
SUPPLEMENTAL ASSESSMENT METHODOLOGY	DISTRICT			

Bond Sizing				
Description		Total		
Construction Funds	$		1,799,914	
Debt Service Reserve	$		172,950	
Underwriters Discount	$		43,900	
Cost of Issuance	$		173,975	
Original Issue Discount	$		4,261	
Par Amount	$		2,195,000	

Bond Assumptions:				
Average Coupon Amortization Capitalized Interest Debt Service Reserve
Underwriters Discount			6.66%
30 years
None Max Annual
2%	

Prepared by: Governmental Management Services - Central Florida, LLC

Land Use	No. of Units *	ERU Factor Total ERUs
% of Total ERUs
Total Improvements Costs Per Product Type
Improvement Costs Per Unit

Single Family		99		1		99		100.00%	 $	5,003,426 	$	50,540	
		99				99		100.00%	 $	5,003,426 		

* Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

Land Use	No. of Units *

Total Improvements Costs Per Product Type

Allocation of Par Debt Per Product
Type	Par Per Unit

Single Family		99	$	5,003,426	$	2,195,000	$	22,172 
	99	$	5,003,426	$	2,195,000	

* Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

	Net Annual	Gross Annual					
		Allocation of Par		Maximum	Debt	Debt	
		Debt Per Product	Total Par Debt	Annual Debt	Assessment	Assessment	
Land Use	No. of Units *	Type	Per Unit	Service	Per Unit	Per Unit (1)	

Single Family	
	99	$	2,195,000  $	
22,172  $	172,950  $	
1,747	
$	1,878			
		99	$	2,195,000 	 $	172,950 					

(1) This amount includes estimated collection fees and early payment discounts when collected on the Polk County Tax Bill

* Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

Owner	

Property ID #'s*	

Acres	Total Par Debt Allocation Per
Acre	
Total Par Debt Allocated	Net Annual Debt Assessment
Allocation	Gross Annual Debt Assessment
Allocation (1)	
ST DEV PARTNERS LLC	272809000000013020	10.14	$	108,288	$	1,097,500	$	86,475	$	92,984	
ST DEV PARTNERS LLC	272809000000011030	10.14	$	108,288	$	1,097,500	$	86,475	$	92,984	
Totals		20.27		$	2,195,000	$	172,950	$	185,968	

Annual Assessment Periods	30	
Projected Bond Rate (%)	6.66%	
Maximum Annual Debt Service	$172,950	
This amount includes estimated collection fees and early payment discounts when collected on the Polk County Tax Bill Prepared by: Governmental Management Services - Central Florida, LLC

GAINESVILLE

 Section Map 

5	4	4	3
CEDAR KEY

OCALA

ORLANDO

DAYTONA BEACH

8	9
NW 1/4 NW1/4 NE1/4

NE 1/4 NW1/4 NE1/4

NW 1/4 NE1/4 NE1/4

9	10
NE 1/4 NE1/4 NE1/4

CLEARWATER ST. PETERSBURG

TAMPA

LAKELAND

LAKE HAMILTON

FT.PIERCE

SE 1/4 NE1/4 NE1/4

SARASOTA

WHITE CLAY PIT ROAD

CAPE CORAL
FORT MYERS

FT.LAUDERDALE

SW 1/4 NE1/4

SE 1/4 NE1/4
Vicinity Map
(NOT TO SCALE)

MIAMI

SURVEYOR'S NOTES:	SCHEDULE B-II ITEMS: (Per Title Commitment)

(SEE SURVEYOR'S NOTE 12)

Easements, rights-of-ways, set back lines, reservations, agreements and other similar matters taken from Old Republic National Title Insurance Company Commitment for Title Insurance, File Number: 1283898 with an effective date of June 07, 2022, and issued by Straughn & Turner, P.A.

	This survey is limited to above ground visible improvements along and near the boundary lines, except as shown hereon, and that nothing below the ground was located including, but not limited to foundations (footings), utilities, etc.

Bearings shown hereon are based on the South boundary of the Southeast 1/4 of the Northwest 1/4 of the Northeast 1/4 of Section 9, Township 28 South, Range 27 East, Polk County, Florida, having a Grid bearing of N.89°55'02"E. The Grid Bearings as shown hereon refer to the State Plane Coordinate System, North American Horizontal Datum of 1983 (NAD 83-2011 Adjustment) for the West Zone of Florida.

All dimensions, unless otherwise noted, are survey dimensions.

Additions or Deletions to survey maps or reports by other than the signing party or parties is prohibited without the written consent of the signing party or parties.

	The subject parcel lies in Flood Zone "X", according to Flood Insurance Rate Map, Map No. 12105C0380G for Polk County (Unincorporated Areas), Community No. 120261, Polk County, Florida, dated December 22, 2016 and issued by the Federal Emergency Management Agency. Lines shown, if any, have been digitally translated from DFIRM database information supplied by the FEMA Map Service Center (https://msc.fema.gov).

Elevations shown hereon are based on the National Geodetic Survey Benchmark "V 739", having a published elevation of 151.92 feet, relative to the North American Vertical Datum of 1988 (NAVD 88).

Use of this survey for purposes other than intended, without written authorization, will be at the user's sole risk and without liability to the surveyor. Nothing hereon shall be construed to give any rights or benefits to anyone other than those certified to.

1-3.  (NOT A SURVEY MATTER.)

4.	Easement to Florida Power Corporation recorded in O.R. Book 1616, Page 1397, Public Records of Polk County, Florida. (as to Parcel 1) (AS SHOWN HEREON. BLANKET IN NATURE OVER THE DESCRIBED AREA.)

DESCRIPTION:

The Land is described as follows:

Parcel 1:
The SW 1/4 of the NE 1/4 of the NE 1/4 of Section 9, Township 28 South, Range 27 East, Polk County, Florida.
LESS AND EXCEPT White Clay Pit Road.

Parcel 2:
The SE 1/4 of the NW 1/4 of the NE 1/4 of Section 9, Township 28 South, Range 27 East, Polk County, Florida. LESS AND EXCEPT White Clay Pit Road.

CERTIFIED TO:
Old Republic National Title Insurance Company; Straughn & Turner, P.A.;
Shoreham Capital LLC, a Delaware limited liability company:

8	9

17	16

9	10

16	15

On this drawing, certify means to state or declare a professional opinion of conditions regarding those findings or facts which are the subject of the certification and does not constitute a warranty or guarantee, either implied or expressed. This certification is only for the lands as described. This certification is not a certificate of title, easements, zoning, or freedom of encumbrances.

	The lands described hereon may contain lands that are considered environmentally sensitive wetlands that are subject to claim or restriction by one or more of the following agencies: Army Corp. of Engineers, Southwest Florida Water Management District (S.W.F.W.M.D.), or Department of Environmental Protection (D.E.P.). Wetland lines and areas, if any, are not shown hereon.

The Maintained Right of Way of White Clay Pit Road lies South of the Subject Parcel, as shown hereon. The small strip of land between the North Maintained Right of Way and said Subject Parcel belongs to that of the Southern adjoining parcels. Because of this, there appears to be no legal access to the Subject Parcel.

	Significant effort was made to verify the Center of Section 9, as there appears to be two possible interpretations throughout history. Certified Corner Records (CCR) #067247 and the Maintained Right of Way Map for Hughes Road (Map Book 9, Pages 12-30) show a Railroad Spike as the monumented Center of Section. Whereas CCR #086649 shows a set nail and disk in a different position, based on the common reference of the found nail and disk in a power pole located in the Northwest quadrant of the intersection of Hughes Road and Scenic Highway. Local monumentation was searched for throughout the Section and, with only one exception, all supported the location of the nail and disk in CCR #086649. The strongest evidence being the local monumentation found in the plat of J.T. MILLER'S SUBDIVISION, as this subdivision predates both the CCRs and the Maintained Right of Way Map, and is therefore the best historical record that was found in this Section (not shown hereon).

No buildings were observed in the course of conducting the fieldwork for this Survey.

No parking spaces were observed in the course of conducting the fieldwork for this Survey.

	The Subject Parcel is a geometrically closed figure, contiguous along common boundaries of adjoining parcels, with no gaps, gores, hiatuses, or overlaps.

SURVEYOR S CERTIFICATION:
This is to certify that this Survey was made under my supervision and meets the Standards of Practice set forth by the Florida Board of Professional Surveyors & Mappers stated in rules 5j-17.051, 5j-17.052, and 5j-17-053, Florida Administrative Code, pursuant to Section 472.027, Florida Statutes; and also that this map or plat and the survey on which it is based were made in accordance with the 2021 Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys, jointly established and adopted by ALTA and NSPS, and includes Items 1, 2, 3, 4, 5, 6a (NONE PROVIDED), 7a, 8, 9, 11a (NONE PROVIDED), & 13 of Table A thereof. The field work was completed on June 13, 2022.

Charles M. Arnett
Professional Surveyor and Mapper State of Florida LS# 6884 GEOPOINT SURVEYING, INC.

L E G E N D

400

0	200	400	800

Scenic Terrace Rubush Parcel - ALTA

June 13, 2022
ALTA NSPS Land Title Survey
GeoPoint
SCALE: 1" = 400'
JMW TO
06/16/22
Loose Leaf
MHC
SHEET LAYOUT
Boundary  Topographic
SCENIC TERRACE RS-(88)TO
REVISIONS
Absolute Engineering, Inc.
Section 9, Township 28 S., Range 27 E.

213 Hobbs Street
Tampa, Florida 33619
www.geopointsurvey.com

Phone: (813) 248-8888
Fax: (813) 248-2266
Licensed Business No.: LB 7768
VERTICAL DATUM: NAVD88
PolN County, Florida
SHEET NUMBER: 01 of  02
+0.95'
FILE PATH: P:\POWERLINE_RD_SCENIC TERRACE\SURVEY\SCENIC-TERRACE-RUBUSH-ALTA.DWG  PLOTTED BY: CHARLES ARNETT ON: 7/27/2022 5:41 PM  LAST SAVED BY: HOWARDF ON: 6/30/2022 2:17 PM

4

PARCEL 2	PARCEL 1

(BEARING BASIS)

WHITE CLAY PIT ROAD

WHITE CLAY PIT ROAD

 Site Benchmark Map 

0	150

1" = 300'

300
L E G E N D

DESCRIPTION: (Per Title Commitment)

50	0

25	50	100

Parcel 1:
The SW 1/4 of the NE 1/4 of the NE 1/4 of Section 9, Township 28 South, Range 27 East, Polk County, Florida. LESS AND EXCEPT White Clay Pit Road.
Parcel 2:
The SE 1/4 of the NW 1/4 of the NE 1/4 of Section 9, Township 28 South, Range 27 East, Polk County, Florida. LESS AND EXCEPT White Clay Pit Road.

SHEET LAYOUT

ALTA NSPS Land Title Survey Boundary  Topographic
Absolute Engineering, Inc.
GeoPoint

SCALE: 1" = 50'
Section 9, Township 28 S., Range 27 E.
213 Hobbs Street
Tampa, Florida 33619
www.geopointsurvey.com
Phone: (813) 248-8888
Fax: (813) 248-2266
Licensed Business No.: LB 7768
Polk County, Florida
SHEET NUMBER: 02 of  02
FILE PATH: P:\POWERLINE_RD_SCENIC TERRACE\SURVEY\SCENIC-TERRACE-RUBUSH-ALTA.DWG  PLOTTED BY: CHARLES ARNETT ON: 7/27/2022 5:41 PM  LAST SAVED BY: HOWARDF ON: 6/30/2022 2:17 PM
Exhibit C
Legal Description of Series 2023 Assessment Area (District Boundaries)
A PORTION OF LAND LYING IN SECTION 9 AND 10, TOWNSHIP 28 SOUTH, RANGE 27 EAST, POLK COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
COMMENCE AT THE NORTH 1/4 CORNER OF SAID SECTION 9, THENCE RUN SOUTH 00°36'52" EAST ALONG THE WEST LINE OF THE NORTHEAST 1/4 FOR A DISTANCE OF 1371.46 FEET; THENCE DEPARTING SAID WEST LINE RUN NORTH 89°23'08" EAST FOR A DISTANCE OF 37.81 FEET TO THE POINT OF BEGINNING; THENCE RUN THE FOLLOWING COURSES AND DISTANCES ALONG THE SOUTH RIGHT OF WAY LINE OF WHITE CLAY PIT ROAD, AS RECORDED IN MAP BOOK 2, PAGES 146 THROUGH 156, PUBLIC RECORDS OF POLK COUNTY FLORIDA: NORTH 69°21'25" EAST, 47.30 FEET; SOUTH 89°17'17" EAST, 1240.44 FEET; NORTH 89°45'07" EAST,
1310.06 FEET TO A POINT ON THE WEST RIGHT OF WAY LINE OF DETOUR ROAD, AS RECORDED IN MAP BOOK 1, PAGES 14 THROUGH 17, AFORESAID PUBLIC RECORDS OF POLK COUNTY FLORIDA; THENCE RUN SOUTH 00°40'51" EAST ALONG SAID WEST RIGHT OF WAY LINE FOR A DISTANCE OF 641.71 FEET TO THE INTERSECTION OF SAID WEST LINE AND THE WESTERLY EXTENSION OF THE NORTH LINE OF THE SOUTH 1/2 OF THE SOUTHWEST 1/4 OF THE NORTHWEST 1/4 OF AFORESAID SECTION 10; THENCE RUN NORTH 89°18'18" EAST ALONG SAID WESTERLY EXTENSION AND THE NORTH LINE OF THE SOUTH 1/2 OF THE SOUTHWEST 1/4 OF THE NORTHWEST 1/4, ALSO BEING THE SOUTH LINE OF QUAIL RIDGE POINTE, AS RECORDED IN PLAT BOOK 107, PAGE 44, SAID PUBLIC RECORDS FOR A DISTANCE OF 1336.30 FEET TO THE NORTHEAST CORNER OF SAID SOUTH 1/2 OF THE SOUTHWEST 1/4 OF THE NORTHWEST 1/4, ALSO BEING THE SOUTHEAST CORNER OF SAID QUAIL RIDGE POINTE; THENCE RUN SOUTH 00°31'31" EAST ALONG THE EAST LINE OF THE SOUTH 1/2 OF THE SOUTHWEST 1/4 OF THE NORTHWEST 1/4 OF SAID SECTION 10 FOR A DISTANCE OF 692.63 FEET TO A POINT ON THE SOUTH RIGHT OF WAY LINE OF HUGHES ROAD, RECORDED IN MAP BOOK 9, PAGES 12 THROUGH 30, SAID PUBLIC RECORDS; THENCE RUN NORTH 87°44' 17" EAST ALONG SAID SOUTH RIGHT OF WAY LINE FOR A DISTANCE OF 400.19 FEET TO A POINT ON THE EAST LINE OF THE WEST 400 FEET OF THE NORTH 990 FEET OF THE NORTHEAST 1/4 OF THE SOUTHWEST 1/4 OF SAID SECTION 10, AS RECORDED IN OFFICIAL RECORDS BOOK 10582, PAGE 184, SAID PUBLIC RECORDS; THENCE DEPARTING SAID SOUTH RIGHT OF WAY LINE RUN SOUTH 00°30'19" EAST ALONG SAID EAST LINE FOR A DISTANCE OF 975.04 FEET TO THE SOUTHEAST CORNER OF SAID WEST 400 FEET OF THE NORTH 990 FEET; THENCE RUN SOUTH 89°13' 41" WEST ALONG THE SOUTH LINE OF SAID WEST 400 FEET OF THE NORTH 990 FEET FOR A DISTANCE OF 400.00 FEET TO THE SOUTHEAST CORNER OF SAID WEST 400 FEET OF THE NORTH 990 FEET ALSO BEING A POINT ON THE WEST LINE OF THE NORTHEAST 1/4 OF THE SOUTHWEST 1/4; THENCE RUN NORTH 00°30'19" WEST ALONG SAID WEST LINE FOR A DISTANCE OF 330.07 FEET TO THE SOUTHEAST CORNER OF THE NORTH 1/2 OF THE NORTHWEST 1/4 OF THE SOUTHWEST 1/4 OF SAID SECTION 10; THENCE RUN SOUTH 89°13'27" WEST ALONG THE SOUTH LINE OF SAID NORTH 1/2 OF THE NORTHWEST 1/4 OF THE SOUTHWEST 1/4 FOR A DISTANCE OF 1299.58 FEET TO A POINT ON THE EAST RIGHT OF WAY LINE OF AFORESAID DETOUR ROAD; THENCE RUN NORTH 00°57'39" WEST ALONG SAID EAST RIGHT OF WAY LINE FOR A DISTANCE OF 645.08 FEET TO A POINT ON THE SOUTH RIGHT OF WAY LINE OF AFORESAID HUGHES ROAD; THENCE RUN THE FOLLOWING COURSES AND DISTANCES ALONG SAID SOUTH RIGHT OF WAY LINE: SOUTH 89°17'27" WEST, 54.09 FEET; NORTH 88°08'19" WEST, 78.74 FEET; SOUTH 89°27'54" WEST, 100.02 FEET; NORTH 88°48'59"
WEST, 300.01 FEET; NORTH 89°57'44" WEST, 100.00 FEET; NORTH 88°48'59" WEST, 100.00 FEET;
NORTH 89°23'21" WEST, 300.00 FEET; NORTH 88°48'59" WEST, 200.01 FEET; NORTH 88°51'54" WEST, 109.31 FEET TO A POINT ON THE EAST LINE OF THE NORTHWEST 1/4 OF THE SOUTHEAST 1/4 OF AFORESAID SECTION 9; THENCE RUN SOUTH 00°34'36" EAST ALONG SAID EAST LINE FOR A DISTANCE OF 1318.27 FEET TO THE SOUTHEAST CORNER OF SAID NORTHWEST 1/4 OF THE SOUTHEAST 1/4; THENCE RUN NORTH 89°44'40" WEST ALONG THE SOUTH LINE OF SAID NORTHWEST 1/4 OF THE SOUTHEAST 1/4 FOR A DISTANCE OF 1351.96 FEET TO A POINT ON THE WEST RIGHT OF WAY LINE OF STATE ROAD 17 AS SHOWN ON FDOT RIGHT OF WAY MAP SECTION NO. 5029-RD (8), AFORESAID PUBLIC RECORDS; THENCE RUN SOUTH 00°33'34" EAST ALONG SAID WEST RIGHT OF WAY LINE FOR A DISTANCE OF 658.71
FEET TO A POINT ON THE SOUTH LINE OF THE NORTHEAST 1/4 OF THE SOUTHEAST 1/4 OF THE SOUTHWEST 1/4; THENCE RUN NORTH 89°39'18" WEST ALONG SAID SOUTH LINE FOR A DISTANCE OF 589.98 FEET TO A POINT ON THE EAST LINE OF THE DUKE ENERGY PROPERTY, AS RECORDED IN OFFICIAL RECORDS BOOK 2209, PAGE 0597, SAID PUBLIC RECORDS; THENCE RUN NORTH 03°05'06" WEST ALONG SAID EAST LINE FOR A DISTANCE OF 1963.50 FEET TO A POINT ON THE AFORESAID SOUTH RIGHT OF WAY LINE OF HUGHES ROAD; THENCE DEPARTING SAID EAST LINE RUN THE FOLLOWING COURSES AND DISTANCES ALONG SAID SOUTH RIGHT OF WAY LINE: SOUTH 89°30'32" EAST, 49.40 FEET; NORTH 00°39'47" EAST, 6.80 FEET; SOUTH 89°44'17" EAST, 100.00 FEET; SOUTH 89°30'32" EAST, 100.00 FEET; SOUTH
89°37'24" EAST, 100.00 FEET; SOUTH 89°03'02" EAST, 100.00 FEET; SOUTH 89°54'36" EAST, 100.00 FEET; SOUTH 86°11'47" EAST, 110.29 FEET; SOUTH 87°23'20"' EAST, 83.13 FEET TO A POINT ON THE EAST RIGHT OF WAY LINE OF AFORESAID STATE ROAD 17; THENCE RUN NORTH 00°33'34" WEST ALONG SAID EAST RIGHT OF WAY LINE FOR A DISTANCE OF 1314.71 FEET TO THE POINT OF BEGINNING.

ADDITIONALLY, FOR PARCEL 272809000000011020, SE1/4 OF NE1/4 OF NE1/4 LESS MAINT R/W. CONTAINING 206.56 ACRES, MORE OR LESS.
Maturities and Coupons of Series 2023 Bonds

Sources and Uses of Funds for Series 2023 Bonds

Annual Debt Service Payment Due on Series 2023 Bonds

Section V

Item will be provided under separate cover.

Section VI

Section B

Section 1

Sent Via Email: jburns@gmscfl.com

September 19, 2023

Ms. Jill Burns, District Manager
Scenic Terrace South Community Development District
c/o Governmental Management Services Central Florida, LLC 219 E. Livingston Street
Orlando, Florida 32801

Subject:	Work Authorization Number 2024-1
Scenic Terrace South Community Development District General Engineering Services

Dear Ms. Burns:

Dewberry Engineers Inc. is pleased to submit this Work Authorization provide to general engineering services for the Scenic Terrace South Community Development District (District). We will provide these services pursuant to our current agreement (“District Engineer Agreement”).

With this information in mind, we propose the following tasks and corresponding fees:

General Engineering Services

The District will engage the services of Dewberry Engineers Inc. (Engineer) as District Engineer to perform those services as necessary, pursuant to the District Engineering Agreement, including attendance at Board of Supervisors meetings, review and approval of requisitions, or other activities as directed by the District’s Board of Supervisors.

Our fee for this task will be based on time and materials, in accordance with the enclosed Schedule of Charges. The referenced Schedule of Charges is valid for fiscal year 2024 only. We estimate a budget of $10,000, plus other direct costs.

Other Direct Costs

Other direct costs include items such as printing, drawings, travel, deliveries, et cetera. This does not include any of the application fees for the various agencies, which are the owner’s responsibility and have not been accounted for in this proposal. We estimate a budget of $100.

This Work Authorization, together with the referenced District Engineering Agreement, represents the entire understanding between the Scenic Terrace South Community Development District and Dewberry Engineers Inc. with regard to the referenced project. If you wish to accept this Work Authorization, please sign where indicated and return one complete copy to Aimee Powell, Senior Office Administrator in our Orlando office at 800 N. Magnolia Avenue, Suite 1000, Orlando, Florida 32803 (or via email at apowell@dewberry.com). Upon receipt, we will promptly schedule our services.
Ms. Jill Burns
Scenic Terrace South Community Development District Work Authorization 2024-1
September 19, 2023

Thank you for choosing Dewberry Engineers Inc. We look forward to helping you create a quality project. Sincerely,

Reinardo Malavé, P.E. Associate Vice President

RM:ap
Q:\Scenic Terrace South CDD_50143398\Adm\Correspondence\AAS /Scenic Terrace South CDD General Engineering_09-19-2023

APPROVED AND ACCEPTED

By: 		 Authorized Representative of
Scenic Terrace South Community Development District Date: 	
Attachment A

STANDARD HOURLY BILLING RATE SCHEDULE

Professional/Technical/Construction/Surveying Services

LABOR CLASSIFICATION	HOURLY RATES	
Professional		
Engineer I, II, III	$115.00, $135.00, $155.00	
Engineer IV, V, VI	$170.00, $195.00, $225.00	
Engineer VII, VIII, IX	$250.00, $275.00, $305.00	
Environmental Specialist I, II, III	$105.00, $125.00, $150.00	
Senior Environmental Scientist IV, V, VI	$170.00, $190.00, $210.00	
Planner I, II, III	$105.00, $125.00, $150.00	
Senior Planner IV, V, VI	$170.00, $190.00, $210.00	
Landscape Designer I, II, III	$105.00, $125.00, $150.00	
Senior Landscape Architect IV, V, VI	$170.00, $190.00, $210.00	
Principal	$350.00	
Technical		
CADD Technician I, II, III, IV, V	$80.00, $100.00, $120.00, $140.00, $175.00	
Designer I, II, III	$110.00, $135.00, $160.00	
Designer IV, V, VI	$180.00, $200.00, $220.00	
Construction		
Construction Professional I, II, III	$125.00, $155.00, $185.00	
Construction Professional IV, V, VI	$215.00, $240.00, $285.00	
Survey		
Surveyor I, II, III	$68.00, $83.00, $98.00	
Surveyor IV, V, VI	$115.00, $125.00, $145.00	
Surveyor VII, VIII, IX	$160.00, $190.00, $235.00	
Senior Surveyor IX	$290.00	
Fully Equipped 1, 2, 3 Person Field Crew	$145.00, $175.00, $230.00	
Administration		
Administrative Professional I, II, III, IV	$70.00, $95.00, $115.00, $145.00	
Other Direct Costs (Printing, Postage, Etc.)	Cost + 15%	

Company Confidential and Proprietary: Use or disclosure of data contained on this sheet is subject to restriction on the title page of this report.
Revised 05-01-23\Subject to Revision\Standard Hourly Billing Rate Schedule

Section C

Section 1
Scenic Terrace South
Community Development District
Summary of Checks

July 01, 2023 through September 30, 2023

Bank	Date	Check No.'s	Amount	

General Fund				
	7/5/23	145-146	$	3,922.00	
	7/7/23	147	$	6,902.40	
	7/14/23	148-150	$	113,910.52	
	7/18/23	151-152	$	5,206.60	
	7/20/23	154-159	$	546,016.74	
	7/31/23	160-165	$	8,674.13	
	8/4/23	166-169	$	222,148.43	
	8/11/23	170-171	$	7,729.56	
	8/18/23	172-176	$	7,566.95	
	9/1/23	177	$	2,913.56	
	9/8/23	178	$	400.00	
	9/13/23	179	$	4,788.00	
	9/18/23	180-181	$	495.00	
	9/25/23	182	$	7,255.94	
	9/29/23	183	$	5,200.00	
			$	1,020.00	
			$	944,149.83	
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
7/05/23 00002	5/15/23 6665	202307
SER22 FR#14 5/15/23 6666	202307
SER22 FR#14 5/15/23 6669	202307
SER22 FR#14
KILINSKI | VAN WYK, PLLC	1,922.00 000145
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/05/23 00026	6/18/23 5-489040 202307 300-20700-10200	*	2,000.00
SER22 FR#14
RAYSOR TRANSPORTATION CONSULTING	2,000.00 000146
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/07/23 00001	6/30/23 00056769 202306 310-51300-48000	*	6,902.40
NOT OF BUDGET FY24
- - - - - - - - - - - - - - - - - - - -
7/14/23 00020	5/31/23 021662	202307
SER22 FR#15 5/31/23 021672	202307
SER22 FR#15 5/31/23 021673	202307
SER22 FR#15
6,902.40 000147
- - - - - - - -

ABSOLUTE ENGINEERING, INC.	39,892.52 000148
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/14/23 00030	6/16/23 1464	202307 300-20700-10200	*	3,750.00
SER22 FR#15
ATLANTIC BLUE COMM II	3,750.00 000149
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/14/23 00018	6/25/23 129108	202307 300-20700-10200	*	70,268.00
SER22 FR#16
JR. DAVIS CONSTRUCTION CO. INC.	70,268.00 000150
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/18/23 00031	7/13/23 1	202307 310-51300-49000	*	500.00
AMORT SERIES 2022 8-1
DISCLOSURE SERVICES LLC	500.00 000151
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/18/23 00003	7/01/23 25	202307 310-51300-34000	*	3,062.50
MANAGEMENT FEES JUL23
7/01/23 25	202307 310-51300-35200	*	100.00
WEBSITE ADMIN JUL23
7/01/23 25	202307 310-51300-35100	*	150.00
INFORMATION TECH JUL23
7/01/23 25	202307 310-51300-31300	*	416.67
DISSEMINATION SVCS JUL23
7/01/23 25	202307 310-51300-51000	*	.69
OFFICE SUPPLIES JUL23
STS	SCENIC TERRACE IARAUJO
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
7/01/23 25	202307 310-51300-42000	*	24.24
POSTAGE JUL23
GOVERNMENTAL MANAGEMENT SERVICES-	3,754.10 000152
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/18/23 00002	7/11/23 7077	202306 310-51300-31500	*	952.50
GENERAL COUNSEL JUN23
KILINSKI | VAN WYK, PLLC	952.50 000153
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/20/23 00013	6/21/23 2295281- 202307 300-20700-10200	*	1,020.00
SER22 FR#17
DEWBERRY ENGINEERS INC.	1,020.00 000154
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/20/23 00025	6/23/23 3230392	202307 300-20700-10200	*	61,928.00
SER22 FR#17
6/27/23 3235177	202307 300-20700-10200	*	11,155.00
SER22 FR#17
- - - - - - - - - - - - - - - - - - - -
HUB INTERNATIONAL MIDWEST WEST	73,083.00 000155
- - - - - - - - -
7/20/23 00018	6/30/23 129107	202307 300-20700-10200	* SER22 FR#17
- - - - - - - - - - - - - - - - - - - -
7/20/23 00002	3/10/23 6031	202307
SER22 FR#17 3/10/23 6032	202307
SER22 FR#17 6/13/23 6832	202307
SER22 FR#17 6/13/23 6835	202307
SER22 FR#17

450,760.74 000156
- - - - - - - - -
KILINSKI | VAN WYK, PLLC	1,653.00 000157
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/20/23 00026	6/20/23 6-489040 202307 300-20700-10200	*	2,000.00
SER22 FR#17
RAYSOR TRANSPORTATION CONSULTING	2,000.00 000158
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/20/23 00032	6/22/23 0119998	202307 300-20700-10200	*	17,500.00
SER22 FR#17
ULLRICH'S PITCHER PUMP	17,500.00 000159
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/31/23 00033	7/19/23 CC071920 202307 310-51300-11000	*	200.00
SUPERVISOR FEE 07/19/23
CHUCK CAVARETTA	200.00 000160
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/31/23 00014	7/19/23 DA071920 202307 310-51300-11000	*	200.00
SUPERVISOR FEE 07/19/23
DANIEL ARNETTE	200.00 000161
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
STS	SCENIC TERRACE IARAUJO
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
7/31/23 00013	7/20/23 2309481	202306 310-51300-31100	*	2,250.00
ENGINEERS REPORT JUN23
7/26/23 2308689- 202306 310-51300-31100	*	382.50
GENERAL ENGINEERING JUN23
DEWBERRY ENGINEERS INC.	2,632.50 000162
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/31/23 00002	5/15/23 6667	202304 310-51300-49100	*	1,915.08
BOUNDARY AMENDMENT APR23
5/15/23 6668	202304 310-51300-49100	*	1,102.50
BOUNDARY AMENDMENT APR23
6/13/23 6833	202305 310-51300-49100	*	1,051.55
BOUNDARY AMENDMENT MAY23
6/13/23 6834	202305 310-51300-49100	*	1,172.50
BOUNDARY AMENDMENT MAY23
KILINSKI | VAN WYK, PLLC	5,241.63 000163
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/31/23 00005	7/19/23 LS071920 202307 310-51300-11000	*	200.00
SUPERVISOR FEE 07/19/23
LAUREN OAKLEY SCHWENK	200.00 000164
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/31/23 00009	7/19/23 PH071920 202307 310-51300-11000	*	200.00
SUPERVISOR FEE 07/19/23
PATRICIA J HUDSON	200.00 000165
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/04/23 00020	6/30/23 021705	202308
SER22 FR#18 6/30/23 021713	202308
SER22 FR#18 6/30/23 021714	202308
SER22 FR#18
ABSOLUTE ENGINEERING, INC.	68,837.50 000166
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/04/23 00022	7/06/23 00074599 202308
SER22 FR#18 7/21/23 00074722 202308
SER22 FR#18
DANIELLE FENCE MFG. CO., INC.	128,462.00 000167
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/04/23 00023	7/20/23 F5005188 202308 300-20700-10200	*	24,848.93 SER22 FR#18
DUKE ENERGY	24,848.93 000168
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/04/23 00001	7/31/23 00057486 202307 310-51300-48000	*	7,729.56
NOTICE OF BUDGET HEARING
CA FLORIDA HOLDINGS, LLC	7,729.56 000169
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
STS	SCENIC TERRACE IARAUJO
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
8/11/23 00034	7/12/23 90094033 202306 310-51300-32200	*	3,750.00
AUDIT SERVICES FY22
DIBARTOLOMEO, MCBEE, HARTLEY &	3,750.00 000170
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/11/23 00003	8/01/23 27	202308 310-51300-34000	*	3,062.50
MANAGEMENT FEES AUG23
8/01/23 27	202308 310-51300-35200	*	100.00
WEBSITE ADMIN AUG23
8/01/23 27	202308 310-51300-35100	*	150.00
INFORMATION TECH AUG23
8/01/23 27	202308 310-51300-31300	*	416.67
DISSEMINATION SVCS AUG23
8/01/23 27	202308 310-51300-51000	*	2.83
OFFICE SUPPLIES AUG23
8/01/23 27	202308 310-51300-42000	*	84.95
POSTAGE AUG23
GOVERNMENTAL MANAGEMENT SERVICES-	3,816.95 000171
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/18/23 00033	8/16/23 CC081620 202308 310-51300-11000	*	200.00
SUPERVISOR FEE 08/16/23
CHUCK CAVARETTA	200.00 000172
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/18/23 00002	8/11/23 7251	202307 310-51300-31500	*	2,113.56
GENERAL COUNSEL JUL23
KILINSKI | VAN WYK, PLLC	2,113.56 000173
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/18/23 00005	8/16/23 LS081620 202308 310-51300-11000	*	200.00
SUPERVISOR FEE 08/16/23
LAUREN OAKLEY SCHWENK	200.00 000174
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/18/23 00009	8/16/23 PH081620 202308 310-51300-11000	*	200.00
SUPERVISOR FEE 08/16/23
PATRICIA J HUDSON	200.00 000175
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/18/23 00012	8/16/23 RH081620 202308 310-51300-11000	*	200.00
SUPERVISOR FEE 08/16/23
RENNIE HEATH	200.00 000176
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/01/23 00013	8/18/23 2321569	202307 310-51300-31100	*	400.00
GENERAL ENGINEERING JUL23
DEWBERRY ENGINEERS INC.	400.00 000177
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/08/23 00002	7/10/23 7019	202306 310-51300-49100	*	4,788.00
BOUNDARY AMENDMENT FR#24
KILINSKI | VAN WYK, PLLC	4,788.00 000178
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
STS	SCENIC TERRACE IARAUJO
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
9/13/23 00013	3/20/23 2254342- 202302 310-51300-31100	*	495.00
GENERAL ENGINEERING FEB23
DEWBERRY ENGINEERS INC.	495.00 000179
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
29	202309 310-51300-34000	*	3,062.50
MANAGEMENT FEES SEP23
29	202309 310-51300-35200	*	100.00
WEBSITE ADMIN SEP23
29	202309 310-51300-35100	*	150.00
INFORMATION TECH SEP23
29	202309 310-51300-31300	*	416.67
DISSEMINATION SVCS SEP23
29	202309 310-51300-51000	*	3.22
OFFICE SUPPLIES SEP23
29	202309 310-51300-42000	*	110.77
POSTAGE SEP23
31	202309 320-53800-34000	*	625.00
FIELD MANAGEMENT SEP23
GOVERNMENTAL MANAGEMENT SERVICES-	4,468.16 000180
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/18/23 00002	9/11/23 7535	202308 310-51300-31500	*	2,787.78
GENERAL COUNSEL AUG23
KILINSKI | VAN WYK, PLLC	2,787.78 000181
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/25/23 00011	8/29/23 19227	202309 300-15500-10000	*	5,200.00
FY24 INSURANCE POLICY
EGIS INSURANCE ADVISORS, LLC	5,200.00 000182
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/29/23 00013	9/20/23 2334765- 202308 310-51300-31100	*	1,020.00
GENERAL ENGINEERING AUG23
DEWBERRY ENGINEERS INC.	1,020.00 000183
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	944,149.83
TOTAL FOR REGISTER	944,149.83

STS	SCENIC TERRACE IARAUJO

Section 2

Scenic Terrace South
Community Development District

Unaudited Financial Reporting
September 30, 2023

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Debt Service Fund Series 2022	

5	
	Capital Projects Fund Series 2022	

6-7	
	Month to Month	

8	
	Long Term Debt Schedule	
Scenic Terrace South
Community Development District Combined Balance Sheet September 30, 2023

	General	Debt Service Fund		Fund	Capital Projects	Totals
Fund	Governmental Funds							
Assets:									
Operating Account	$	273,273	$	-	$	1,015	$	274,288							
Due from Developer	$	-	$	-	$	112,732	$	112,732							
Due from Other	$	50	$	-	$	-	$	50							
Prepaid Expenses	$	5,200	$	-	$	-	$	5,200							
Investments:									
Series 2022									
Reserve	$	-	$	1,291,488	$	-	$	1,291,488							
Revenue	$	-	$	484,783	$	-	$	484,783							
Interest	$	-	$	-	$	-	$	-							
Prepayment	$	-	$	2,614,749	$	2,614,749							
Construction	$	-	$	-	$	36	$	36	
Total Assets	$	278,523	$	4,391,019	$	113,783	$	4,783,326	
Liabilities:
Retainage Payable	$	-	
$	
-	$	175,757	$	175,757							
Due to other	$	-	$	-	$	50	$	50							
Total Liabilites	$	-	$	-	$	175,807	$	175,807							
Fund Balance:
Nonspendable:
Prepaid Items	$	5,200	

$	

-	$	-	$	5,200							
Restricted for:									
Debt Service	$	-	$	4,391,019	$	-	$	4,391,019						
Capital Projects	$	-	$	-	$	(62,024)	$	(62,024)						
Unassigned	$	273,323	$	-	$	-	$	273,323					
Total Fund Balances	$	278,523	$	4,391,019	$	(62,024)	$	4,607,519					
									
Total Liabilities & Fund Balance	$	278,523	$	4,391,019	$	113,783	$	4,783,326					

Revenues:

Assessments - Lot Closings	$	-	$	-	$	341,915	$	341,915					
Developer Contributions	$	417,811	$	417,811	$	13,000	$	(404,811)					
Boundary Amendment Contributions	$	-	$	-	$	27,752	$	27,752	
Total Revenues	$	417,811	$	417,811	$	382,666	$	(35,144)					

Expenditures:									
General & Administrative:									
Supervisor Fees	$	12,000	$	12,000	$	6,000	$	6,000					
Engineering	$	15,000	$	15,000	$	8,412	$	6,588					
Attorney	$	25,000	$	25,000	$	13,443	$	11,557					
Annual Audit	$	5,000	$	5,000	$	3,750	$	1,250					
Assessment Administration	$	5,000	$	5,000	$	-	$	5,000					
Arbitrage	$	500	$	500	$	-	$	500					
Dissemination	$	5,000	$	5,000	$	5,000	$	(0)					
Trustee Fees	$	4,041	$	4,041	$	4,041	$	-					
Management Fees	$	36,750	$	36,750	$	36,750	$	-					
Information Technology	$	1,800	$	1,800	$	1,800	$	-					
Website Maintenance	$	1,200	$	1,200	$	1,200	$	-					
Postage & Delivery	$	1,000	$	1,000	$	467	$	533					
Insurance	$	5,000	$	5,000	$	5,000	$	-					
Copies	$	1,000	$	1,000	$	-	$	1,000					
Legal Advertising	$	18,500	$	18,500	$	21,669	$	(3,169)					
Boundary Amendment Expenses	$	-	$	-	$	26,253	$	(26,253)					
Contingency	$	5,300	$	5,300	$	625	$	4,675					
Office Supplies	$	625	$	625	$	21	$	604					
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-					
Total General & Administrative	$	142,891	$	142,891	$	134,606	$	8,284					

Operations & Maintenance					
Field Expenditures					
Property Insurance	$	5,000	$	5,000	$	-	$	5,000	
Field Management	$	15,000	$	15,000	$	625	$	14,375	
Landscape Maintenance	$	55,000	$	55,000	$	-	$	55,000	
Landscape Replacement	$	7,500	$	7,500	$	-	$	7,500	
Lake Maintenance	$	15,000	$	15,000	$	-	$	15,000	
Streetlights	$	12,000	$	12,000	$	-	$	12,000	
Electric	$	5,000	$	5,000	$	399	$	4,601	
Water & Sewer	$	5,000	$	5,000	$	-	$	5,000	
Sidewalk & Asphalt Maintenance	$	5,000	$	5,000	$	-	$	5,000	
Irrigation Repairs	$	5,000	$	5,000	$	-	$	5,000	
General Repairs & Maintenance	$	15,000	$	15,000	$	-	$	15,000	
Contingency	$	5,000	$	5,000	$	-	$	5,000	
Subtotal Field Expenditures	$	149,500	$	149,500	$	1,024	$	148,476	

Amenity Expenditures					
Amenity - Electric	$	15,000	$	15,000	$	-	$	15,000	
Amenity - Water	$	10,000	$	10,000	$	-	$	10,000	
Playground Lease	$	25,000	$	25,000	$	-	$	25,000	
Internet	$	3,000	$	3,000	$	-	$	3,000	
Pest Control	$	720	$	720	$	-	$	720	
Janitorial Service	$	5,500	$	5,500	$	-	$	5,500	
Security Services	$	30,000	$	30,000	$	-	$	30,000	
Pool Maintenance	$	16,200	$	16,200	$	-	$	16,200	
Amenity Repairs & Maintenance	$	10,000	$	10,000	$	-	$	10,000	
Amenity Access Management	$	5,000	$	5,000	$	-	$	5,000	
Contingency	$	5,000	$	5,000	$	-	$	5,000	
Subtotal Amenity Expenditures	$	125,420	$	125,420	$	-	$	125,420	
					
Total Operations & Maintenance	$	274,920	$	274,920	$	1,024	$	273,896	
					
Total Expenditures	$	417,811	$	417,811	$	135,631	$	282,180	
					
Excess (Deficiency) of Revenues over Expenditures	$	(0)		$	247,036		
					
Fund Balance - Beginning	$	-		$	31,487		
					
Fund Balance - Ending	$	(0)		$	278,523		
Debt Service Fund Series 2022
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending September 30, 2023

	Adopted	Prorated Budget	Actual		
	Budget	Thru 09/30/23	Thru 09/30/23	Variance	

Revenues:					
Assessments	$	499,816	$	499,816	$	414,549	$	(85,267)	
Assessments - Prepayments	$	-	$	-	$	3,772,847	$	3,772,847	
Interest	$	-	$	-	$	103,141	$	103,141	
Total Revenues	$	499,816	$	499,816	$	4,290,537	$	3,790,721	

Expenditures:					
Series 2022
Interest - 11/1	
$	569,234	
$	569,234	
$	569,234	
$	-	
Principal - 5/1	$	-	$	-	$	-	$	-	
Interest - 5/1	$	499,816	$	499,816	$	499,816	$	-	
Special Call - 8/1	$	-	$	-	$	1,265,000	$	(1,265,000)	
Interest - 8/1	$	-	$	-	$	14,122	$	(14,122)	
Total Expenditures	$	1,069,050	$	1,069,050	$	2,348,172	$	(1,279,122)	
					
Excess (Deficiency) of Revenues over Expenditures	$	(569,234)		$	1,942,365		

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	2,931	$	2,931	
Total Other Financing Sources/(Uses)	$	-	$	-	$	2,931	$	2,931	
					
Net Change in Fund Balance	$	(569,234)		$	1,945,296		
					
Fund Balance - Beginning	$	1,069,883		$	2,445,723		
					
Fund Balance - Ending	$	500,649		$	4,391,019		

Adopted	Prorated Budget	Actual		
Budget	Thru 09/30/23	Thru 09/30/23	Variance	

Revenues					
Developer Contributions	$	-	$	-	$	5,897,879	$	5,897,879	
Interest	$	-	$	-	$	89,459	$	89,459	
Total Revenues	$	-	$	-	$	5,987,338	$	5,987,338	

Expenditures:					
Capital Outlay - Construction	$	-	$	-	$	14,568,554	$ (14,568,554)	
Contingency	$	-	$	-	$	35	$	(35)	
Total Expenditures	$	-	$	-	$  14,568,589	$ (14,568,589)	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	(8,581,251)		

Other Financing Sources/(Uses)					
Transfer In/(Out)	$	-	$	-	$	(2,931)	$	(2,931)	
Total Other Financing Sources (Uses)	$	-	$	-	$	(2,931)	$	(2,931)	
					
Net Change in Fund Balance	$	-	$	(8,584,182)		
					
Fund Balance - Beginning	$	-	$	8,522,158		
					
Fund Balance - Ending	$	-	$	(62,024)		

Revenues:

Assessments - Lot Closings	$	-	$	-	$	-	$	-	$	-	$	-	$	98,192	$	-	$	-	$	200,482	$	43,241	$	-	$	341,915	
Developer Contributions	$	-	$	-	$	-	$	-	$	-	$	13,000	$	-	$	-	$	-	$	-	$	-	$	-	$	13,000	
Boundary Amendment Contributions	$	1,864	$	2,310	$	-	$	3,135	$	-	$	3,098	$	716	$	6,601	$	5,242	$	-	$	4,788	$	-	$	27,752	
Total Revenues	$	1,864	$	2,310	$	-	$	3,135	$	-	$	16,098	$	98,907	$	6,601	$	5,242	$	200,482	$	48,029	$	-	$	382,666	

Expenditures:														
General & Administrative:														
Supervisor Fees	$	-	$	800	$	1,000	$	-	$	1,000	$	-	$	1,000	$	600	$	-	$	800	$	800	$	-	$	6,000	
Engineer Fees	$	-	$	255	$	145	$	-	$	750	$	-	$	-	$	3,209	$	2,633	$	400	$	1,020	$	-	$	8,412	
Attorney Fees	$	209	$	186	$	871	$	570	$	760	$	376	$	1,823	$	2,797	$	953	$	2,114	$	2,788	$	-	$	13,443	
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	3,750	$	-	$	-	$	-	$	3,750	
Assessment Adminstration	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Dissemination	$	417	$	417	$	417	$	417	$	417	$	417	$	417	$	417	$	417	$	417	$	417	$	417	$	5,000	
Arbitrage	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Trustee Fees	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	4,041	$	-	$	-	$	-	$	-	$	4,041	
Management Fees	$	3,063	$	3,063	$	3,063	$	3,063	$	3,063	$	3,063	$	3,063	$	3,063	$	3,063	$	3,063	$	3,063	$	3,063	$	36,750	
Information Technology	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	1,800	
Website Maintenance	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	1,200	
Postage & Delivery	$	1	$	2	$	2	$	4	$	9	$	5	$	39	$	80	$	104	$	24	$	85	$	111	$	467	
Insurance	$	5,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	5,000	
Copies	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Legal Advertising	$	-	$	661	$	1,130	$	-	$	-	$	-	$	5,246	$	-	$	6,902	$	7,730	$	-	$	-	$	21,669	
Boundary Amendment Expenses	$	2,675	$	3,262	$	4,143	$	1,888	$	3,227	$	1,031	$	3,018	$	2,224	$	4,788	$	-	$	-	$	-	$	26,253	
Contingency	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	538	$	39	$	47	$	625	
Office Supplies	$	0	$	0	$	3	$	3	$	0	$	3	$	0	$	3	$	3	$	1	$	3	$	3	$	21	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	175	
Total General & Administrative	$	11,789	$	8,895	$	11,023	$	6,193	$	9,475	$	5,143	$	14,855	$	16,683	$	22,862	$	15,335	$	8,464	$	3,890	$	134,606	

Operations & Maintenance

Field Expenditures Property Insurance Field Management Landscape Maintenance Landscape Replacement Lake Maintenance Streetlights
Electric
Water & Sewer
Sidewalk & Asphalt Maintenance Irrigation Repairs
General Repairs & Maintenance Contingency

$	-  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $

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-  $
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-  $
265  $
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-  $
625  $
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59  $
-  $
-  $
-  $
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-  $

- 625
-
-
-
- 399
-
-
-
-
-

Amenity Expenditures Amenity - Electric Amenity - Water Playground Lease Internet
Pest Control Janitorial Service Security Services Pool Maintenance
Amenity Repairs & Maintenance Amenity Access Management Contingency

$	-  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $

-  $	-  $	-  $
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-  $	-  $	-  $
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-  $	-  $
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-  $	-  $	-  $	-
-  $	-  $	-  $	-
-  $	-  $	-  $	-
-  $	-  $	-  $	-
-  $	-  $	-  $	-
-  $	-  $	-  $	-
-  $	-  $	-  $	-
-  $	-  $	-  $	-
-  $	-  $	-  $	-
-  $	-  $	-  $	-
-  $	-  $	-  $	-

SCENIC TERRACE SOUTH
Community Development District Long Term Debt Report

SERIES 2022, SPECIAL ASSESSMENT REVENUE BONDS		
INTEREST RATE:	3.750%, 4.125%, 4.500%, 4.625z%	
MATURITY DATE:	5/1/2053	
RESERVE FUND DEFINITION	MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$1,291,488	
RESERVE FUND BALANCE	$1,291,488	
BONDS OUTSTANDING - 04/06/22	$22,350,000	
LESS: SPECIAL CALL - 08/1/23	($1,265,000)	
CURRENT BONDS OUTSTANDING	$21,085,000