Scenic Terrace South Community Development District

Meeting Agenda June 19, 2024

Scenic Terrace South
Community Development District

219 E. Livingston St., Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
June 12, 2024

Board of Supervisors Meeting
Scenic Terrace South Community Development District

Dear Board Members:

A Board of Supervisors meeting of the Scenic Terrace South Community Development District will be held on Wednesday, June 19, 2024 at 1:45 PM at 346 E. Central Ave., Winter Haven, FL 33880.

Zoom Video Link: https://us06web.zoom.us/j/82695946153
Zoom Call-In Number: 1-646-876-9923
Meeting ID: 826 9594 6153

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 April 17, 2024 Board of Supervisors Meeting
Presentation of Arbitrage Rebate Report from AMTEC for Series 2022 Bonds
Staff Reports
Attorney
Engineer
Field Manager’s Report
Consideration of Proposal for Janitorial Maintenance Services from CSS
Consideration of Proposals for Pool Maintenance Services
Arinton
Resort Pool Services
District Manager’s Report
Approval of Check Register (to be provided under separate cover)
Balance Sheet & Income Statement (to be provided under separate cover)
Presentation of Number of Registered Voters—21
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, April 17, 2024 at 1:45 p.m. at 346 E. Central Avenue, Winter Haven, Florida.

Present and constituting a quorum:

Patricia Hudson	Assistant Secretary
Chuck Cavaretta	Assistant Secretary
Daniel Arnette	Assistant Secretary Also present were:
Jill Burns	District Manager, GMS
Roy Van Wyk	District Counsel, Kilinski Van Wyk
Rey Malave by Zoom	District Engineer, Dewberry
Clayton Smith	Field Operations, GMS

FIRST ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order at 1:49 p.m. and called the roll. Three Board members were present constituting a quorum.

SECOND ORDER OF BUSNESS	Public Comment Period
Ms. Burns noted there were no members of the public present nor joining via Zoom.

THIRD ORDER OF BUSINESS	Approval of Minutes of the March 20,
2024 Board of Supervisors Meeting
Ms. Burns presented the minutes from the March 20, 2024 Board of Supervisors meeting. She asked for any questions, comments, or corrections. Hearing none, she asked for a motion of approval.

FOURTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-05
Approving the Proposed Fiscal Year 2024/2025 Budget (Suggested Date: July 17, 2024), Declaring Special Assessments, and Setting the Public Hearings on the Adoption of the Fiscal Year 2024/2025 Budget and the Imposition of Operations and Maintenance Assessments
Ms. Burns presented the resolution to the Board and suggested the public hearing date be held at the regularly scheduled Board of Supervisors meeting on July 17, 2024. She highlighted the assessment amount to be noticed at $971. This includes a large capital reserve transfer which will be able to be adjusted and possibly brought down at the coming meetings. She offered to answer any questions for the Board. Hearing none, she asked for a motion of approval.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-06
Setting a Public Hearing to Adopt Amenity Rules and Rates for the District
Ms. Burns noted that a standard set of amenity rules that have been used at a lot of facilities was included in the agenda package and highlighted some of the general policies for the Board. A non-resident user fee was included at $2,500 a year. The suggested date for this public hearing is the same as the above, July 17, 2024. Ms. Burns explained the management of amenity facilities before asking for a motion of approval.

SIXTH ORDER OF BUSINESS	Staff Reports

Attorney
Mr. Van Wyk had nothing further for the Board, so the next item followed.

Engineer
Consideration of Work Order 2024-02 for Annual Consulting Engineering Services from Dewberry
Mr. Malave presented the work order stating normally an engineering annual report is required based on the bond holder conditions and noted that they will confirm if it is required at this point and asked for a motion of approval if it is required.

Field Manager’s Report
Mr. Smith presented the Field Manager’s Report which was included in the agenda package. In progress items include:
Landscape reviews are in process including areas surrounding the pond since the vendor started on April 1st.
Phase 3 is pending sod instillation at dry pond and smaller tracts.
GMS staff have continued to review all dry ponds throughout the neighborhood.
Staff continues to monitor amenity progress.
Mr. Smith offered to answer any questions for the Board. Hearing none, the next item followed.

District Manager’s Report
Approval of Check Register
Ms. Burns presented the check register that was included in the agenda package for the Board to review for the month of March totaling $751,149.16.

Balance Sheet & Income Statement

Ms. Burns stated financial packets are included in the agenda package for review through the month of February. There is no action necessary from the Board.

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

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

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

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section IV

REBATE REPORT
$22,350,000
Scenic Terrace South Community Development District
(Town of Lake Hamilton, Florida)
Special Assessment Bonds, Series 2022 (Series 2022 Project)

Dated: April 6, 2022
Delivered: April 6, 2022

Rebate Report to the Computation Date April 6, 2025
Reflecting Activity To March 31, 2024

TABLE OF CONTENTS

AMTEC Opinion	3	
Summary of Rebate Computations	4	
Summary of Computational Information and Definitions	5	
Methodology	7	
Sources and Uses	8	
Proof of Arbitrage Yield	9	
Bond Debt Service	11	
Arbitrage Rebate Calculation Detail Report – Acquisition & Construction Fund	13	
Arbitrage Rebate Calculation Detail Report – Escrow Subaccount	17	
Arbitrage Rebate Calculation Detail Report – Debt Service Reserve Fund	18	
Arbitrage Rebate Calculation Detail Report – Capitalized Interest Fund	19	
Arbitrage Rebate Calculation Detail Report – Costs of Issuance Account	20	
Arbitrage Rebate Calculation Detail Report – Rebate Computation Credit	21	

April 26, 2024

Scenic Terrace South Community Development District c/o Ms. Katie Costa
Director of Operations – Accounting Division Government Management Services – CF, LLC 6200 Lee Vista Boulevard, Suite 300
Orlando, FL 32822

Re:	$22,350,000 Scenic Terrace South Community Development District (Town of Lake Hamilton,
Florida) Special Assessment Bonds, Series 2022 (Series 2022 Project)	

Dear Ms. Costa:
AMTEC has prepared certain computations relating to the above referenced bond issue (the “Bonds”) at the request of the Scenic Terrace South Community Development District (the “District”).
The scope of our engagement consisted of preparing the computations shown in the attached schedules to determine the Rebatable Arbitrage as described in Section 103 of the Internal Revenue Code of 1954, Section 148(f) of the Internal Revenue Code of 1986, as amended (the "Code"), and all applicable Regulations issued thereunder. The methodology used is consistent with current tax law and regulations and may be relied upon in determining the rebate liability. Certain computational methods used in the preparation of the schedules are described in the Summary of Computational Information and Definitions.

Our engagement was limited to the computation of Rebatable Arbitrage based upon the information furnished to us by the District. In accordance with the terms of our engagement, we did not audit the information provided to us, and we express no opinion as to the completeness, accuracy or suitability of such information for purposes of calculating the Rebatable Arbitrage.

We have scheduled our next Report as of April 6, 2025, the Computation Date. Thank you and should you have any questions, please do not hesitate to contact us.

Very truly yours,

Michael J. Scarfo
Senior Vice President	Caitlyn C. McGovern
Assistant Vice President	
SUMMARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the April 6, 2025 Computation Date
Reflecting Activity from April 6, 2022 through March 31, 2024

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitrage	
Acquisition & Construction Fund	1.363492%	119,105.18	(311,274.48)	
Escrow Subaccount	1.973999%	21,126.59	(30,695.55)	
Debt Service Reserve Fund	3.552141%	92,298.60	(28,097.32)	
Capitalized Interest Fund	2.061876%	17,749.63	(23,810.38)	
Costs of Issuance Account	1.205155%	19.69	(61.19)	
Totals	1.882662%	$250,299.69	$(393,938.92)	
Bond Yield	4.554540%			
Rebate Computation Credit	(2,144.73)			
Net Rebatable Arbitrage	$(396,083.65)			

Based upon our computations, no rebate liability exists.
SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION

For purposes of computing Rebatable Arbitrage, investment activity is reflected from April 6, 2022, the date of the closing, to March 31, 2024, the Computation Period. All nonpurpose payments and receipts are future valued to the Computation Date of April 6, 2025.

Computations of yield are based on a 360-day year and semiannual compounding on the last day of each compounding interval. Compounding intervals end on a day in the calendar year corresponding to Bond maturity dates or six months prior.

For investment cash flow, debt service and yield computation purposes, all payments and receipts are assumed to be paid or received respectively, as shown on the attached schedules.
Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.
During the period between April 6, 2022 and March 31, 2024, the District made periodic payments into the Debt Service Fund that were used, along with the interest earned, to provide the required debt service payments.
Under Section 148(f)(4)(A), the rebate requirement does not apply to amounts in certain bona fide debt service funds. The Regulations define a bona fide debt service fund as one that is used primarily to achieve a proper matching of revenues with principal and interest payments within each bond year. The fund must be depleted at least once each bond year, except for a reasonable carryover amount not to exceed the greater of the earnings on the fund for the immediately preceding bond year or 1/12th of the principal and interest payments on the issue for the immediately preceding bond year.
We have reviewed the Debt Service Fund and have determined that the funds deposited have functioned as a bona fide debt service fund and are not subject to the rebate requirement.

In accordance with Page C-1 of the Arbitrage and Tax Certificate, Exhibit C (Arbitrage Rebate Covenants) the first (initial) Computation Date must be within 60 days of the end of the third Bond Year. After the first required payment date (Computation Date) the District must consistently treat either the last day of each Bond Year or the last day of each fifth Bond Year as the (subsequent) Computation Date(s). Therefore, for purposes of the arbitrage calculation, the first Computation Date is April 6, 2025.

DEFINITIONS

Computation Date
April 6, 2025.
Computation Period
The period beginning on April 6, 2022, the date of the closing, and ending on March 31, 2024.

Bond Year
Each one-year period (or shorter period from the date of issue) that ends at the close of business on the day in the calendar year that is selected by the Issuer. If no day is selected by the Issuer before the earlier of the final maturity date of the issue or the date that is five years after the date of issue, each bond year ends at the close of business on the anniversary date of the issuance.

Bond Yield
The discount rate that, when used in computing the present value of all the unconditionally payable payments of principal and interest with respect to the Bonds, produces an amount equal to the present value of the issue price of the Bonds. Present value is computed as of the date of issue of the Bonds.

Taxable Investment Yield
The discount rate that, when used in computing the present value of all receipts of principal and interest to be received on an investment during the Computation Period, produces an amount equal to the fair market value of the investment at the time it became a nonpurpose investment.

Issue Price
The price determined on the basis of the initial offering price at which price a substantial amount of the Bonds was sold.

Rebatable Arbitrage
The Code defines the required rebate as the excess of the amount earned on all nonpurpose investments over the amount that would have been earned if such nonpurpose investments were invested at the Bond Yield, plus any income attributable to the excess. Accordingly, the Regulations require that this amount be computed as the excess of the future value of all the nonpurpose receipts over the future value of all the nonpurpose payments. The future value is computed as of the Computation Date using the Bond Yield.

Funds and Accounts
The Funds and Accounts activity used in the compilation of this Report was received from the District and US Bank, Trustee, as follows:

Funds / Accounts	Account Number	
Revenue Account	230173000	
Interest Fund	230173001	
Sinking Fund Account	230173002	
Debt Service Reserve Fund	230173003	
Prepayment Account	230173004	
Acquisition & Construction Fund	230173005	
Escrow Subaccount	230173006	
Costs of Issuance Account	230173007	
METHODOLOGY
Bond Yield
The methodology used to calculate the bond yield was to determine the discount rate that produces the present value of all payments of principal and interest through the maturity date of the Bonds.

Investment Yield and Rebate Amount
The methodology used to calculate the Rebatable Arbitrage, as of March 31, 2024, was to calculate the future value of the disbursements from all funds, subject to rebate, and the value of the remaining bond proceeds, at the yield on the Bonds, to April 6, 2025. This figure was then compared to the future value of the deposit of bond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on April 6, 2025, is the Rebatable Arbitrage.
$22,350,000
Scenic Terrace South Community Development District (Town of Lake Hamilton, Florida)
Special Assessment Bonds, Series 2022 (Series 2022 Project)
Delivered: April 6, 2022

Par Amount	$22,350,000.00	
Total	$22,350,000.00	

Acquisition & Construction Fund	$17,920,128.03	
Escrow Subaccount	1,320,000.00	
Debt Service Reserve Fund	1,368,496.88	
Capitalized Interest Fund	1,069,050.09	
Costs of Issuance Account	225,325.00	
Underwriter’s Discount	447,000.00	
Total	$22,350,000.00	

PROOF OF ARBITRAGE YIELD
$22,350,000
Scenic Terrace South Community Development District (Town of Lake Hamilton, Florida)
Special Assessment Bonds, Series 2022 (Series 2022 Project)

Date	

Debt Service	Present Value to 04/06/2022
@ 4.5454000786%	
11/01/2022	569,234.46	554,850.45	
05/01/2023	499,815.63	476,359.55	
11/01/2023	499,815.63	465,773.90	
05/01/2024	874,815.63	797,117.11	
11/01/2024	492,784.38	439,038.70	
05/01/2025	882,784.38	769,025.59	
11/01/2025	485,471.88	413,514.28	
05/01/2026	890,471.88	741,629.37	
11/01/2026	477,878.13	389,156.37	
05/01/2027	897,878.13	714,931.87	
11/01/2027	470,003.13	365,921.81	
05/01/2028	905,003.13	688,934.45	
11/01/2028	461,031.25	343,161.43	
05/01/2029	916,031.25	666,681.91	
11/01/2029	451,646.88	321,401.33	
05/01/2030	926,646.88	644,767.60	
11/01/2030	441,850.00	300,610.45	
05/01/2031	936,850.00	623,217.38	
11/01/2031	431,640.63	280,757.97	
05/01/2032	946,640.63	602,053.65	
11/01/2032	421,018.75	261,813.34	
05/01/2033	956,018.75	581,295.57	
11/01/2033	408,981.25	243,150.01	
05/01/2034	968,981.25	563,282.86	
11/01/2034	396,381.25	225,301.74	
05/01/2035	981,381.25	545,418.01	
11/01/2035	383,218.75	208,247.00	
05/01/2036	998,218.75	530,393.26	
11/01/2036	369,381.25	191,905.49	
05/01/2037	1,009,381.25	512,752.83	
11/01/2037	354,981.25	176,318.76	
05/01/2038	1,024,981.25	497,793.60	
11/01/2038	339,906.25	161,410.89	
05/01/2039	1,039,906.25	482,845.44	
11/01/2039	324,156.25	147,166.39	
05/01/2040	1,059,156.25	470,169.59	
11/01/2040	307,618.75	133,520.39	
05/01/2041	1,077,618.75	457,341.07	
11/01/2041	290,293.75	120,462.82	
05/01/2042	1,095,293.75	444,412.46	
11/01/2042	272,181.25	107,982.68	
05/01/2043	1,112,181.25	431,431.39	
11/01/2043	252,756.25	95,869.03	
05/01/2044	1,132,756.25	420,100.50	
11/01/2044	232,406.25	84,276.17	
05/01/2045	1,152,406.25	408,604.26	
11/01/2045	211,131.25	73,196.46	
05/01/2046	1,176,131.25	398,688.43	
11/01/2046	188,815.63	62,582.95	
05/01/2047	1,198,815.63	388,517.69	
11/01/2047	165,459.38	52,431.23	
05/01/2048	1,225,459.38	379,697.62	
11/01/2048	140,946.88	42,700.67	
05/01/2049	1,250,946.88	370,559.87	
11/01/2049	115,278.13	33,389.25	
05/01/2050	1,275,278.13	361,164.44	
11/01/2050	88,453.13	24,493.65	
05/01/2051	1,303,453.13	352,919.82	

PROOF OF ARBITRAGE YIELD
$22,350,000
Scenic Terrace South Community Development District (Town of Lake Hamilton, Florida)
Special Assessment Bonds, Series 2022 (Series 2022 Project)

Date	

Debt Service	Present Value to 04/06/2022
@ 4.5454000786%	
11/01/2051	60,356.25	15,978.76	
05/01/2052	1,335,356.25	345,667.32	
11/01/2052	30,871.88	7,813.84	
05/01/2053	1,365,871.88	338,027.24	
	42,552,481.47	22,350,000.00	
	
Proceeds Summary		

Delivery date	04/06/2022	
Par Value	22,350,000.00	
Target for yield calculation	22,350,000.00	

BOND DEBT SERVICE
$22,350,000
Scenic Terrace South Community Development District (Town of Lake Hamilton, Florida)
Special Assessment Bonds, Series 2022 (Series 2022 Project)

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
04/06/2022						
11/01/2022			569,234.46	569,234.46		
05/01/2023			499,815.63	499,815.63	1,069,050.09	
11/01/2023			499,815.63	499,815.63		
05/01/2024	375,000	3.750%	499,815.63	874,815.63	1,374,631.26	
11/01/2024			492,784.38	492,784.38		
05/01/2025	390,000	3.750%	492,784.38	882,784.38	1,375,568.76	
11/01/2025			485,471.88	485,471.88		
05/01/2026	405,000	3.750%	485,471.88	890,471.88	1,375,943.76	
11/01/2026			477,878.13	477,878.13		
05/01/2027	420,000	3.750%	477,878.13	897,878.13	1,375,756.26	
11/01/2027			470,003.13	470,003.13		
05/01/2028	435,000	4.125%	470,003.13	905,003.13	1,375,006.26	
11/01/2028			461,031.25	461,031.25		
05/01/2029	455,000	4.125%	461,031.25	916,031.25	1,377,062.50	
11/01/2029			451,646.88	451,646.88		
05/01/2030	475,000	4.125%	451,646.88	926,646.88	1,378,293.76	
11/01/2030			441,850.00	441,850.00		
05/01/2031	495,000	4.125%	441,850.00	936,850.00	1,378,700.00	
11/01/2031			431,640.63	431,640.63		
05/01/2032	515,000	4.125%	431,640.63	946,640.63	1,378,281.26	
11/01/2032			421,018.75	421,018.75		
05/01/2033	535,000	4.500%	421,018.75	956,018.75	1,377,037.50	
11/01/2033			408,981.25	408,981.25		
05/01/2034	560,000	4.500%	408,981.25	968,981.25	1,377,962.50	
11/01/2034			396,381.25	396,381.25		
05/01/2035	585,000	4.500%	396,381.25	981,381.25	1,377,762.50	
11/01/2035			383,218.75	383,218.75		
05/01/2036	615,000	4.500%	383,218.75	998,218.75	1,381,437.50	
11/01/2036			369,381.25	369,381.25		
05/01/2037	640,000	4.500%	369,381.25	1,009,381.25	1,378,762.50	
11/01/2037			354,981.25	354,981.25		
05/01/2038	670,000	4.500%	354,981.25	1,024,981.25	1,379,962.50	
11/01/2038			339,906.25	339,906.25		
05/01/2039	700,000	4.500%	339,906.25	1,039,906.25	1,379,812.50	
11/01/2039			324,156.25	324,156.25		
05/01/2040	735,000	4.500%	324,156.25	1,059,156.25	1,383,312.50	
11/01/2040			307,618.75	307,618.75		
05/01/2041	770,000	4.500%	307,618.75	1,077,618.75	1,385,237.50	
11/01/2041			290,293.75	290,293.75		
05/01/2042	805,000	4.500%	290,293.75	1,095,293.75	1,385,587.50	
11/01/2042			272,181.25	272,181.25		
05/01/2043	840,000	4.625%	272,181.25	1,112,181.25	1,384,362.50	
11/01/2043			252,756.25	252,756.25		
05/01/2044	880,000	4.625%	252,756.25	1,132,756.25	1,385,512.50	
11/01/2044			232,406.25	232,406.25		
05/01/2045	920,000	4.625%	232,406.25	1,152,406.25	1,384,812.50	
11/01/2045			211,131.25	211,131.25		
05/01/2046	965,000	4.625%	211,131.25	1,176,131.25	1,387,262.50	
11/01/2046			188,815.63	188,815.63		
05/01/2047	1,010,000	4.625%	188,815.63	1,198,815.63	1,387,631.26	
11/01/2047			165,459.38	165,459.38		
05/01/2048	1,060,000	4.625%	165,459.38	1,225,459.38	1,390,918.76	
11/01/2048			140,946.88	140,946.88		
05/01/2049	1,110,000	4.625%	140,946.88	1,250,946.88	1,391,893.76	
11/01/2049			115,278.13	115,278.13		
05/01/2050	1,160,000	4.625%	115,278.13	1,275,278.13	1,390,556.26	
11/01/2050			88,453.13	88,453.13		
05/01/2051	1,215,000	4.625%	88,453.13	1,303,453.13	1,391,906.26	

BOND DEBT SERVICE
$22,350,000
Scenic Terrace South Community Development District (Town of Lake Hamilton, Florida)
Special Assessment Bonds, Series 2022 (Series 2022 Project)

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
11/01/2051			60,356.25	60,356.25		
05/01/2052	1,275,000	4.625%	60,356.25	1,335,356.25	1,395,712.50	
11/01/2052			30,871.88	30,871.88		
05/01/2053	1,335,000	4.625%	30,871.88	1,365,871.88	1,396,743.76	
	22,350,000		20,202,481.47	42,552,481.47	42,552,481.47	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(4.554540%)

04/06/22	Beg	Bal	-17,920,128.03	-20,512,371.42	
04/14/22			42,549.67	48,655.99	
04/14/22			14,394.28	16,460.01	
04/14/22			7,500.00	8,576.33	
04/14/22			829,479.66	948,518.65	
04/14/22			3,750.00	4,288.16	
04/14/22			1,115.00	1,275.01	
04/14/22			2,550.73	2,916.79	
04/29/22			18,552.74	21,175.48	
04/29/22			3,750.00	4,280.13	
04/29/22			24,500.00	27,963.48	
05/09/22			1,975.16	2,251.56	
05/09/22			4,996.76	5,696.01	
05/17/22			37,342.73	42,525.88	
05/17/22			3,750.00	4,270.50	
05/17/22			2,645.00	3,012.12	
05/17/22			750.00	854.10	
05/17/22			603,446.94	687,205.12	
06/01/22			300,850.43	342,008.84	
06/03/22			3,750.00	4,261.96	
06/03/22			312,343.64	354,985.58	
06/07/22			1,237.50	1,405.74	
06/23/22			57,971.42	65,721.19	
06/23/22			3,750.00	4,251.31	
06/23/22			5,349.00	6,064.07	
06/28/22			8,322.50	9,429.17	
06/28/22			145.00	164.28	
06/28/22			561,584.00	636,259.90	
07/06/22			-19,919.54	-22,545.74	
07/12/22			3,750.00	4,241.22	
07/12/22			935,370.12	1,057,895.38	
07/13/22			184,044.49	208,126.66	
07/13/22			276,259.87	312,408.40	
07/13/22			81,395.00	92,045.51	
07/28/22			3,750.00	4,232.74	
07/28/22			347,593.19	392,338.78	
07/28/22			55,102.37	62,195.68	
08/09/22			25,758.16	29,034.02	
08/09/22			3,750.00	4,226.92	
08/09/22			117,118.39	132,013.23	
08/09/22			82,166.80	92,616.58	
08/09/22			53,520.00	60,326.55	
08/09/22			69.88	78.77	
08/09/22			87,566.00	98,702.44	
08/09/22			9,672.72	10,902.87	
08/09/22			289.60	326.43	
08/10/22			115,043.89	129,658.68	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(4.554540%)

08/10/22	336,606.74	379,368.13	
08/11/22	3,750.00	4,225.86	
08/11/22	3,850.00	4,338.55	
08/19/22	27,356.98	30,797.63	
08/19/22	8.60	9.68	
08/30/22	26,663.33	29,975.46	
08/30/22	213,791.42	240,348.68	
09/02/22	3,750.00	4,214.77	
09/02/22	280,148.70	314,870.10	
09/02/22	7,885.00	8,862.26	
09/02/22	178,571.15	200,703.11	
09/02/22	72,424.00	81,400.17	
09/02/22	26,378.24	29,647.54	
09/02/22	681,289.36	765,727.79	
09/27/22	59,264.76	66,401.99	
09/27/22	3,750.00	4,201.61	
09/27/22	274,287.23	307,319.54	
09/27/22	166,923.00	187,025.48	
09/27/22	185,281.00	207,594.33	
09/27/22	3,750.00	4,201.61	
09/29/22	25,121.00	28,139.27	
10/06/22	533,947.21	597,577.12	
10/06/22	127,286.00	142,454.53	
10/11/22	470,321.66	526,040.25	
10/19/22	63,205.96	70,623.20	
10/24/22	3,750.00	4,187.44	
10/26/22	9,386.45	10,478.77	
11/04/22	1,440.00	1,605.97	
11/04/22	157,477.10	175,627.23	
11/04/22	275,153.69	306,866.71	
11/04/22	1,776,083.43	1,980,787.11	
11/04/22	146,642.00	163,543.32	
11/04/22	23,700.00	26,431.56	
11/04/22	35,000.00	39,033.95	
11/04/22	276,225.84	308,062.43	
11/14/22	72,014.00	80,213.61	
11/14/22	55,150.00	61,429.46	
11/14/22	101,266.35	112,796.68	
11/14/22	120,267.60	133,961.44	
11/14/22	35,798.80	39,874.90	
11/21/22	59,224.66	65,910.32	
11/21/22	5,000.85	5,565.38	
11/21/22	3,750.00	4,173.32	
11/21/22	73.00	81.24	
11/21/22	70,436.30	78,387.60	
11/21/22	272,468.16	303,226.12	
12/05/22	2,926.80	3,251.50	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(4.554540%)

12/05/22	642,504.60	713,783.49	
12/05/22	17,802.00	19,776.94	
12/05/22	380,738.24	422,977.00	
12/05/22	1,434,690.27	1,593,853.53	
12/06/22	29,450.33	32,713.43	
12/06/22	2,000.00	2,221.60	
12/06/22	74,361.50	82,600.76	
12/06/22	40,578.20	45,074.27	
12/09/22	7,500.00	8,327.88	
12/09/22	95,147.52	105,650.22	
12/14/22	82,057.46	91,058.26	
12/14/22	979,915.17	1,087,401.13	
12/22/22	3,750.00	4,157.17	
12/23/22	3,750.00	4,156.65	
01/18/23	3,750.00	4,143.67	
01/18/23	33,137.60	36,616.36	
01/18/23	580,761.62	641,729.55	
01/18/23	397,026.72	438,706.30	
01/18/23	161,381.27	178,322.96	
01/25/23	985.00	1,087.45	
01/25/23	3,750.00	4,140.05	
01/25/23	2,170.00	2,395.71	
01/25/23	14,000.00	15,456.17	
01/25/23	509,243.58	562,211.07	
01/25/23	27,735.00	30,619.78	
01/27/23	-1,341,126.59	-1,480,249.58	
01/31/23	9,893.50	10,915.71	
01/31/23	25,030.00	27,616.14	
01/31/23	201,148.14	221,931.12	
01/31/23	57,418.80	63,351.41	
02/14/23	-35,000.00	-38,548.69	
02/16/23	3,750.00	4,129.18	
02/16/23	85.00	93.59	
02/16/23	19,202.00	21,143.62	
02/17/23	172,400.00	189,808.59	
02/17/23	76,308.00	84,013.42	
02/17/23	15,000.00	16,514.67	
02/23/23	53,565.95	58,930.68	
02/23/23	955.00	1,050.65	
02/23/23	6,444.00	7,089.38	
03/02/23	3,750.00	4,120.93	
03/02/23	765.00	840.67	
03/02/23	47,954.99	52,698.41	
03/02/23	36,168.99	39,746.61	
03/02/23	60,546.98	66,535.92	
03/02/23	415.00	456.05	
03/02/23	4,997.00	5,491.27	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT			
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF		
DATE	DESCRIPTION	(PAYMENTS)	(4.554540%)	
03/06/23		10,477.76	11,508.40	
03/10/23		45,855.80	50,341.17	
03/10/23		443,274.57	486,633.35	
03/16/23		3,312.52	3,633.80	
03/16/23		3,750.00	4,113.72	
03/22/23		19,991.00	21,913.49	
03/22/23		114.00	124.96	
04/03/23		16,774.00	18,361.84	
04/03/23		4,673.00	5,115.35	
04/03/23		304.00	332.78	
04/03/23		138.60	151.72	
04/11/23		3,750.00	4,100.87	
04/11/23		2,370.00	2,591.75	
04/24/23		3,750.00	4,094.21	
05/02/23		18,956.38	20,675.66	
05/02/23		510.00	556.26	
05/02/23		3,500.00	3,817.44	
05/02/23		4,500.00	4,908.13	
05/05/23		1,753.50	1,911.82	
05/05/23		2,500.00	2,725.72	
06/21/23		1,530.00	1,658.57	
07/17/23		23.75	25.66	
08/24/23		31.20	33.56	
09/30/23	de minimis	35.82	38.35	
04/06/25	TOTALS:	119,105.18	-311,274.48	

ISSUE DATE:	04/06/22	REBATABLE ARBITRAGE:	-311,274.48	
COMP DATE:	04/06/25	NET INCOME:	119,105.18	
BOND YIELD:	4.554540%	TAX INV YIELD:	1.363492%	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT			
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF		
DATE	DESCRIPTION	(PAYMENTS)	(4.554540%)	
04/06/22	Beg Bal	-1,320,000.00	-1,510,945.14	
01/27/23		1,341,126.59	1,480,249.58	
04/06/25	TOTALS:	21,126.59	-30,695.55	

ISSUE DATE:	04/06/22	REBATABLE ARBITRAGE:	-30,695.55	
COMP DATE:	04/06/25	NET INCOME:	21,126.59	
BOND YIELD: 4.554540%	TAX INV YIELD:	1.973999%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(4.554540%)

04/06/22	Beg	Bal	-1,368,496.88	-1,566,457.35	
05/03/22			5.61	6.40	
06/02/22			344.97	392.12	
07/05/22			787.76	891.73	
08/02/22			1,375.33	1,551.60	
09/02/22			2,071.77	2,328.54	
10/04/22			2,366.68	2,649.38	
11/02/22			3,099.82	3,457.96	
12/02/22			3,777.67	4,198.34	
01/04/23			4,267.94	4,724.25	
02/02/23			4,544.30	5,012.57	
03/02/23			4,355.66	4,786.50	
04/04/23			4,923.60	5,389.00	
05/02/23			4,971.95	5,422.89	
06/02/23			5,408.93	5,877.40	
07/05/23			5,294.14	5,728.97	
08/01/23			77,009.37	83,063.90	
08/02/23			5,531.38	5,965.51	
09/05/23			5,420.04	5,821.35	
10/03/23			5,248.64	5,617.55	
11/01/23			170,325.01	181,659.28	
11/02/23			5,434.25	5,795.15	
12/04/23			4,576.06	4,860.47	
12/22/23			1.11	1.18	
01/03/24			4,727.11	5,002.72	
02/01/24			959.41	1,011.80	
02/02/24			4,704.36	4,960.62	
03/04/24			4,378.75	4,598.83	
03/31/24	MMkt Bal	1,120,203.13	1,172,684.02		
03/31/24	MMkt Acc	4,680.73	4,900.02		
04/06/25	TOTALS:	92,298.60	-28,097.32		

ISSUE DATE:	04/06/22	
REBATABLE ARBITRAGE:	
-28,097.32			
COMP DATE:	04/06/25	NET INCOME:	92,298.60			
BOND YIELD: 4.554540%	TAX INV YIELD:	3.552141%			

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(4.554540%)

04/06/22	Beg	Bal	-1,069,050.09	-1,223,693.96	
05/03/22			4.38	5.00	
06/02/22			269.49	306.32	
07/05/22			615.38	696.60	
08/02/22			1,074.39	1,212.09	
09/02/22			1,618.43	1,819.02	
10/04/22			1,848.82	2,069.66	
10/24/22			-2,926.31	-3,267.67	
11/01/22			569,234.47	635,080.26	
11/02/22			-4.87	-5.43	
11/02/22			2,423.29	2,703.26	
12/02/22			1,387.81	1,542.35	
01/04/23			1,567.92	1,735.56	
02/02/23			1,669.45	1,841.48	
03/02/23			1,600.15	1,758.43	
04/04/23			1,808.79	1,979.76	
05/01/23			499,815.63	545,215.42	
05/02/23			1,826.55	1,992.21	
06/02/23			11.59	12.59	
07/05/23			11.34	12.27	
08/01/23			-11,190.71	-12,070.53	
08/01/23			14,121.88	15,232.15	
08/02/23			11.85	12.78	
04/06/25	TOTALS:	17,749.63	-23,810.38		

ISSUE DATE:	
04/06/22	
REBATABLE ARBITRAGE:	
-23,810.38		
COMP DATE:	04/06/25	NET INCOME:	17,749.63		
BOND YIELD:	4.554540%	TAX INV YIELD:	2.061876%		

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(4.554540%)

04/06/22	Beg	Bal	-225,325.00	-257,919.48	
04/06/22			30,000.00	34,339.66	
04/06/22			50,000.00	57,232.77	
04/06/22			1,500.00	1,716.98	
04/06/22			61,188.51	70,039.76	
04/06/22			68,000.00	77,836.57	
04/06/22			6,000.00	6,867.93	
04/08/22			5,725.00	6,551.51	
10/24/22			2,926.31	3,267.67	
11/01/22			4.87	5.43	
04/06/25	TOTALS:	19.69	-61.19		

ISSUE DATE:	04/06/22	
REBATABLE ARBITRAGE:	
-61.19			
COMP DATE:	04/06/25	NET INCOME:	19.69			
BOND YIELD: 4.554540%	TAX INV YIELD:	1.205155%			

	ARBITRAGE REBATE CALCULATION DETAIL REPORT			
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF		
DATE	DESCRIPTION	(PAYMENTS)	(4.554540%)	
04/06/23		-1,960.00	-2,144.73	
04/06/25	TOTALS:	-1,960.00	-2,144.73	

ISSUE DATE:	04/06/22	REBATABLE ARBITRAGE: -2,144.73 COMP DATE:	04/06/25
BOND YIELD: 4.554540%

Section V

Section C

June 19th, 2024 Joel Blanco Field Manager GMS
Scenic Terrace – South CDD Field Management Report | GMS 2024

GMS staff has continued reviewing all landscaping areas.
Amenity tract including common area with mailbox and area surrounding amenity parking lot has oaks and sod installed.
Amenity landscaping beds have been installed and regularly watered since initial install including sabal palms surrounding the back and side portions of the amenity.
Sod installation is pending for playground common area at Phase 1, Phase 3 frontage area, and Phase 4 frontage area.
Field Services will continue to monitor progress and add tract to recurring schedule once grass is established.

Scenic Terrace – South CDD Field Management Report | GMS 2024

GMS staff has continued to review all dry ponds throughout the district.
Landscaping vendor has been advised to spray bushes at the miter ends of the dry ponds.
Tract D-2 is pending sod installation towards the north miter end of the pond.
Phase 4 dry pond has had sod installed. Pending sod establishing prior to adding to recurring schedule.
Landscaping surrounding the dry ponds appear neatly trimmed.
Staff will continue to review to review as we transition to the rainy season.

Scenic Terrace – South CDD Field Management Report | GMS 2024

GMS staff have reviewed amenity area.
“Amenity Clubhouse: Opening Soon” sign and small lawn signs have been installed by and along the entrance on Hughes Rd.
Pool, paver deck, majority of the bathrooms, amenity landscaping, and amenity fence have been installed with power meter pending. As amenity is close to completion, attached are proposal for pool maintenance and janitorial services for board consideration.

Scenic Terrace – South CDD Field Management Report | GMS 2024

Scenic Terrace – South CDD Field Management Report | GMS 2024

Section 1
May 24, 2024

Scenic Terrace South CDD GMS Central Florida
Joel Blanco Field Manager
Haines City, FL 33844

Thank you for giving CSS Clean Star Services of Central Florida, Inc. the opportunity to present a proposal for the cleaning services. CSS has completed a thorough inspection of the facilities, and after careful consideration of your cleaning service requirements we are pleased to submit our recommendations and pricing.

CSS is a locally owned full Service Janitorial Maintenance Company. We are in our 27th year of operation and we are servicing many accounts throughout Central Florida every day. We specialize in “Class A” cleaning for commercial office buildings, hotels, club houses, stores, restaurants, medical facilities, warehouse spaces, construction sites, and much more.

We use the finest chemicals, and high technology equipment to service janitorial accounts. Our staff is well trained and experienced in their particular line of work. We have at our disposal floor techs 24/7 to accomplish quality services for our customers as needed. We also have our own technician that maintains and repair all our equipment to assure that work is done when required to be done.

Our company’s purpose is to create a clean and healthy environment for the people that work in or visit our buildings. Our policy of scheduled quality control inspections by our supervisory staff, combined with immediate response to our customer’s needs, provides our clients worry-free service.
OUR MISSION

At CSS, we are committed to exceed our customer’s expectations delivering a consistent high-quality service, striving to improve our procedures thru continued feedback with our customers and well-trained staff.

We are convinced that excellence and professionalism is what our customers want from the janitorial vendors, and at CSS we attempt to provide this level of service. By doing so, we will obtain and maintain a high recognition in the Janitorial Industry.

GOAL

100 % Satisfaction

We have attempted to make this proposal as complete as possible; however, if you have any comments or questions, please do not hesitate to contact us.

Thank you again and we look forward to continue developing a relationship with your company.

Sincerely yours,

Tracy Chacon	Sandro Di Lollo
President CSS	Vice-President CSS
tchacon@starcss.com	sdilollo@starcss.com
407-456-9174	407-668-1338
SPECIFICATIONS

RESTROOMS
Remove all collected trash to designated area.
Clean and sanitize all restroom fixtures, wipe all counters, partitions and doors, empty trash and damp mop floors with germicidal detergent.
Clean and disinfect all washbasins, toilet bowls, urinals, etc.
Polish all metal and clean mirrors.
Restock toilet tissue and soap provided by CSS Clean Star Services.
Dust and clean all return air vents on an as needed basis.
Clean and polish all drinking fountains.
Report any malfunctions to the building manager.

CABANA/LENAI/COVERD PATIO AREA
Remove all cobwebs in cabana area.
Wipe tables and organize chairs and furniture.
Spot sweep.
Spot mop for any spills.
Report any malfunctions to the building manager.

PRICING FOR SERVICES
Janitorial Services Three (3) times a week	 $	500.00/mo
Littering service around kids playground	 $	50.00/mo
Trash collection, twice a week, $50 per container

Supplies, chemicals, and equipment will be provided by CSS Clean Star Services.
Products used to Disinfect for the Covid19, are CDC certified and approved.
CLEANING CONTRACT AGREEMENT:

The undersigned hereby accepts the proposal of CSS Clean Star Services of Central Florida, Inc. upon the following terms:

CSS Clean Star Services of Central Florida, Inc. service charge will be the amount mentioned on the pricing page plus tax per month. Payment should be payable to “CSS Clean Star Services of Central Florida, Inc.” and mailed to 11121 Camden Park Drive, Windermere, Florida 34786
A finance fee of 1.5% will apply if payments are received after the due date shown on the monthly invoice
CSS Clean Star Services of Central Florida, Inc. will provide all services and supplies specified in the attached work schedule.
In the event that the Customer needs to be in contact with CSS Clean Star Services of Central Florida, Inc. These are the different ways of contact phones: 877-CSS-2350 Email: and  mail: 11121 Camden Park Dr. Windermere, Florida 34786
If the customer wants to cancel or amend the contract the costumer shall give 30 day notification, in writing to CSS Clean Star Services of Central Florida, Inc. to change or terminate services. (Failure to this clause will have a charge for the full month price even if the service it’s not performed).
Other services performed upon request:
Start Date:

IN WITNESS WHEREOF, the parts have duly executed and sealed this agreement as of the day and year first above written

Printed Name	Printed Name
REPRESENTATIVE OF OWNER	CONTRACTOR
Scenic Terrace South CDD	CSS Clean Star Services of Central Florida Inc.

By: 		By: 	

Date: 		Date: 	

Section 2

SECTION (a)

May 22, 2024
Estimate Number: 2333
Commercial Property: Scenic Terrace
Pool Service Proposal

Thank you for your interest in our company for every need of your pool and water features. At Arinton, all our service staff are CPO certified and trained to provide exceptional quality service. Our company is also CPC certified by the State of Florida and our skilled crew is trained to perform all repairs, or consultation required to maintain the pool working according to
state code and health department regulations, for the safety of users. We specialize in all brands of equipment for pools, spas, and heaters of commercial aquatic facilities and we have a
vast experience in the renovation and resurfacing of water features. In case of additional work not listed here, we will notify the supervisor and provide a separate proposal to management and proceed to do any necessary work, upon approval.

The following proposal is to service the swimming facility at Scenic Terrace.
For this property’s swimming facility, we will provide service THREE times per week. Scope of work as follows:
•Pool vacuumed or net on each visit as required
•Pool surface skimmed on each visit as required
•Inspect that pool safety equipment is up to code and in good condition
•Report and document all physical, electrical, and mechanical problems to customer
supervisor and management.
•Report to supervisors and/or management all preventive services that we can provide, to
maintain the pools and pool equipment in good standing.
•Backwash and clean filtration grids as required
•Clean skimmer basket/gutters as required
•Clean water line tiles as required
•Inspect/Clean pool pumps canister as required
•Pool equipment operation inspected
•Inspect/clean pump/equipment room/area as required
•Pool walls, floor, and tile to be brushed as required
•Monitor and test the chemical levels as required to ensure the safety of the users and
keep records for the county health department.
•Supply chemical products as required to maintain water balance.
•Blow off pool area deck.

Total Pool Services (monthly cost) 3 days/week	$2,800.00

Thank you for your interest in our company and we are looking forward to doing business together. Please do not hesitate to contact us for any additional information that you may require.

PROPOSAL ACCEPTANCE

Sign name	Print name

Title	Date

Contact information.

(407) 409-4437

Alex.h@arinton.com

Kaley.h@arinton.com

SECTION (b)

FOUNTAIN SERVICE PROPOSAL FOR SCENIC TERRACE SOUTH

3 x days a week pool service including chemicals	$2500 per month.

Please take into considera/on when reviewing other quotes: Included in this price will be the supply and installa@on of a computer on your pool to add chemicals. The advantage of this is that the pool is being constantly monitored and any change in the chlorine level is corrected instantly by the computer, giving you and your residents safer water. Currently you just have a con@nuous feed of chlorine to the main pool and if lots of people are in the pool the chlorine pumps cannot maintain a steady level of chemicals, only once everybody is out of the pool will the chemicals slowly return to the level, they have set the pumps at. The computer removes guesswork from what level to set the chemical pumps at, as you will not know how busy the pool will be from one day to the next by having the computer installed this problem isn’t an issue any longer.
POOL CLEANING DUTIES
Test pool water on each visit and adjust Chlorine and PH levels if required.
Vacuum or net pool on each visit. Brush walls and floor as required.
Backwash filters to maintain flow required by the Florida Health Department
Report any faults in pool equipment to the manager and once approved carry out repairs.
Clean tile as required.
Maintain computers.
Blow off pool deck.
Pick up trash within the pool area.

Thank you,

Simon McDonnell Opera@ons Manager

Section D

Section 1

Item will be provided under separate cover.

Section 2

Item will be provided under separate cover.

Section 3
SUPERVISOR OF
ELECTIONS
POLK COUNTY, FLORIDA
Lori Eawaras

April 19, 2024

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

ECEIVE

BY· ------

RE: Scenic Terrace South Community Development District Registered Voters

Dear Ms. Ham,
In response to your request, there are currently 21 voters within the Scenic Terrace South Community Development District. This number of registered voters in said District is as of April 15, 2024.

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

Sincerely,

Lori Edwards Supervisor of Elections Polk County, Florida

P.O. Box 1460, Bartow, FL 33831 • Phone: (863) 534-5888
PolkElections.gov

Para asistencia en Espanol, por favor de llamar al {863) 534-5888