Scenic Terrace South Community Development District

Meeting Agenda May 21, 2025

-.  ·-�-

Scenic Terrace South
Community Development District

219 E. Livingston St., Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
May 14, 2025

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, May 21, 2025 at 1:30 PM at the Holiday Inn—Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, FL 33880.
Zoom Video Link: https://us06web.zoom.us/j/81548181462
Zoom Call-In Number: 1-646-876-9923
Meeting ID: 815 4818 1462
Following is the advance agenda for the meeting:

Board of Supervisors Meeting

Roll Call
Public Comment Period (Public Comments are limited to three (3) minutes each)
Approval of Minutes of the February 19, 2025 Board of Supervisors Meeting
Consideration of Resolution 2025-03 Approving the Proposed Fiscal Year 2025/2026 Budget and Setting the Public Hearing on the Adoption of the Fiscal Year 2025/2026 Budget (Suggested Date: August 20, 2025)
Discussion Regarding Offer from Polk Regional Water Cooperative
Presentation of Arbitrage Rebate Report from AMTEC for Series 2022 Project Bonds
Staff Reports
Attorney
Engineer
Field Manager’s Report
District Manager’s Report
Approval of Check Register
Balance Sheet & Income Statement
Presentation of Number of Registered Voters—234
Other Business
Supervisors Requests and Audience Comments
Adjournment

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, February 19, 2025, at 1:30 p.m. at Holiday Inn – Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, Florida.

Present and constituting a quorum:

Rennie Heath	Chairman
Patricia Hudson	Assistant Secretary
Bobbie Henley	Assistant Secretary
Daniel Arnette	Resigned as Assistant Secretary
Lindsey Roden	Appointed as Assistant Secretary Also present were:
Jill Burns	District Manager, GMS
Savannah Hancock	District Counsel, Kilinski Van Wyk
Clayton Smith	Field Manager, GMS

FIRST ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order at 1:35 p.m. and called the roll. Three Supervisors were present constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
There were no members of the public present at this time and none joining via Zoom. Ms. Burns received a resignation letter from Daniel Arnette.

On MOTION by Ms. Henley, seconded Ms. Hudson, with all in favor, Accepting the Letter of Resignation from Daniel Arnette, was approved.

Ms. Burns noted this leaves a vacancy in Seat #1 and she asked for a nomination to fill the vacancy.

On MOTION by Ms. Henley, seconded by Ms. Hudson, with all in favor, the Appointment of Lindsey Roden to Seat #1, was approved.

Ms. Burns administered the oath of office to Lindsey Roden.

THIRD ORDER OF BUSINESS	Approval of Minutes of the November 20,
2024 Board of Supervisors Meeting
Ms. Burns presented the minutes from the November 20, 2024 Board of Supervisors meeting and asked for any corrections, comments, or questions. There were no changes from the Board.

On MOTION by Ms. Henley, seconded by Ms. Hudson, with all in favor, the Minutes of the November 20, 2024 Board of Supervisors Meeting, were approved.

FOURTH ORDER OF BUSINESS	Consideration of 2025 Data Sharing and
Usage	Agreement	with	Polk	County Property Appraiser
Ms. Burns stated this is the annual renewal with the Polk County Property Appraiser.

FIFTH ORDER OF BUSINESS	Consideration	of	2025	Contract
Agreement with Polk County Property Appraiser
Ms. Burns stated this is the annual renewal with the Polk County Property Appraiser.

On MOTION by Ms. Roden, seconded by Ms. Hudson, with all in favor, the 2025 Data Sharing and Usage Agreement & the 2025 Contract Agreement with the Polk County Property Appraiser, was approved.

SIXTH ORDER OF BUSINESS	Presentation of Arbitrage Rebate Report
for	Series	2023	Project	Bonds	from AMTEC
Ms. Burns noted under internal revenue code the District has to demonstrate that they do not earn more interest than they pay on the bonds. Page 4 of the report shows a negative amount.

On MOTION by Mr. Heath, seconded by Ms. Henley, with all in favor, the Arbitrage Rebate Report for Series 2023 Project Bonds from AMTEC, was approved.

SEVENTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Hancock had nothing to report other than the 4 hours of ethics training due by December 31st.

Engineer
Mr. Arrington had nothing to report but offered to answer any questions.

Field Manager’s Report
Mr. Smith reviewed the Field Management Report.

Consideration of Proposal for Aquatic Maintenance Services from Aquatic Weed Management
Mr. Blanco presented the Aquatic Weed Management proposal for monthly aquatic maintenance services on eight dry ponds for $19,800 a year.

On MOTION by Ms. Henley, seconded by Ms. Roden, with all in favor, the Proposal for Aquatic Maintenance Services from Aquatic Weed Management, was approved.

Consideration of Landscape Maintenance Services Proposals
Proposal to Add Plantings to Main Entrance Monument Area
Proposal to Replace Declining Landscaping Along Hughes Road
Proposal to Replace Declining Trees Along Highway 17 Easement
Mr. Blanco presented proposals to add plantings to main entrance monument area, replace declining landscape along Hughes Rd, and to replace declining trees along Highway 17 easement.

On MOTION by Mr. Heath, seconded by Ms. Roden, with all in favor, the Landscape Maintenance Services Proposals Items A, B, and C, were approved.

District Manager’s Report

Approval of Check Register
Ms. Burns presented the check register included in the agenda package for Board review.
She offered to take any questions.

On MOTION by Mr. Heath, seconded by Ms. Hudson, with all in favor, the Check Register, was approved.

Balance Sheet & Income Statement
Ms. Burns noted the financial statements were included in the agenda package for review.
There is no action necessary from the Board.

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

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

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

On MOTION by Ms. Henley, seconded by Ms. Hudson, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section IV

RESOLUTION 2025-03
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SCENIC TERRACE SOUTH COMMUNITY DEVELOPMENT DISTRICT APPROVING PROPOSED BUDGETS FOR FISCAL YEAR 2026 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to June 15, 2025, prepared and submitted to the Board of Supervisors (“Board”) of the Scenic Terrace South Community Development District (“District”) proposed budgets (together, “Proposed Budget”) for the fiscal year beginning October 1, 2025, and ending September 30, 2026 (“Fiscal Year 2026”); and

WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE SCENIC TERRACE SOUTH COMMUNITY DEVELOPMENT DISTRICT:

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2026 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:

DATE:	Wednesday, August 20, 2025
HOUR:	1:30 PM
LOCATION:	Prime HOA Offices 375 Avenue A S.E.
Winter Haven, Florida 33880
TRANSMITTAL OF PROPOSED BUDGET TO LOCAL GENERAL-PURPOSE
GOVERNMENTS. The District Manager is hereby directed to submit a copy of the Proposed Budget to the Town of Lake Hamilton and Polk County at least sixty (60) days prior to the hearing set above.
POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two (2) days before the budget hearing date as set forth in Section 2, and shall remain on the website for at least forty-five (45) days.

PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 21ST DAY OF MAY 2025.

ATTEST:	SCENIC TERRACE SOUTH COMMUNITY DEVELOPMENT DISTRICT

Secretary

Exhibit A:	Proposed Budget for Fiscal Year 2026

By: 	
Its: 	

Scenic Terrace South
Community Development District

Proposed Budget
FY2026

6M3

Table of Contents

1-2	General Fund	

3-7	

General Fund Narrative	

8	

Capital Reserve Fund	

9	

Debt Service Fund - Series 2022	

10	

Amortization Schedule - Series 2022	

11	

Debt Service Fund - Series 2023	

12	

Amortization Schedule - Series 2023	

	Adopted
Budget		Actuals
Thru		Projected
Next		Projected
Thru		Proposed
Budget	
Description		FY2025		3/31/25		6 Months		9/30/25		FY2026	

Revenues											

Assessments - Tax Roll	
$	
691,023	
$	
636,873	
$	
54,150	
$	
691,023	
$	
691,023	
Contribution from Scenic Terrace North	$	58,325	$	-	$	58,325	$	58,325	$	47,454	
Total Revenues	$	749,348	$	636,873	$	112,475	$	749,348	$	738,477	

Expenditures											
General & Administrative											
Supervisor Fees	$	12,000	$	1,800	$	6,000	$	7,800	$	12,000	
FICA Expense	$	-	$	77	$	459	$	536	$	918	
Engineering	$	15,000	$	4,184	$	4,470	$	8,654	$	15,000	
Attorney	$	25,000	$	4,624	$	4,624	$	9,248	$	25,000	
Annual Audit	$	3,400	$	-	$	3,400	$	3,400	$	3,600	
Assessment Administration	$	5,250	$	5,250	$	-	$	5,250	$	5,408	
Arbitrage	$	900	$	450	$	450	$	900	$	900	
Dissemination	$	6,300	$	6,150	$	3,150	$	9,300	$	6,489	
Disclosure Software	$	-	$	-	$	-	$	-	$	3,000	
Trustee Fees	$	8,081	$	4,256	$	3,825	$	8,081	$	8,869	
Management Fees	$	42,500	$	21,250	$	21,250	$	42,500	$	43,775	
Information Technology	$	1,890	$	945	$	945	$	1,890	$	2,003	
Website Maintenance	$	1,260	$	630	$	630	$	1,260	$	1,298	
Postage & Delivery	$	1,000	$	1,303	$	1,303	$	2,606	$	2,700	
Insurance	$	5,720	$	5,564	$	-	$	5,564	$	7,610	
Copies	$	1,000	$	6	$	25	$	31	$	1,000	
Legal Advertising	$	3,500	$	-	$	2,295	$	2,295	$	3,500	
Contingencies	$	3,500	$	360	$	480	$	840	$	3,500	
Office Supplies	$	250	$	10	$	50	$	60	$	250	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total General & Administrative	$	136,726	$	57,032	$	53,357	$	110,388	$	146,994	

Operations & Maintenance											
Field Services											
Property Insurance - Field	$	15,302	$	10,034	$	-	$	10,034	$	10,837	
Field Management	$	15,000	$	7,500	$	7,500	$	15,000	$	15,450	
Landscape Maintenance	$	125,000	$	76,510	$	48,490	$	125,000	$	144,253	
Landscape Replacement	$	17,500	$	3,000	$	4,800	$	7,800	$	17,500	
Streetlights	$	45,000	$	17,379	$	17,379	$	34,759	$	49,500	
Electric	$	15,000	$	3,475	$	26,850	$	30,325	$	33,357	
Water	$	-	$	28,514	$	27,000	$	55,514	$	61,066	
Sidewalk & Asphalt Maintenance	$	2,500	$	-	$	-	$	-	$	-	
Irrigation Repairs	$	7,500	$	2,262	$	5,442	$	7,704	$	7,500	
General Repairs & Maintenance	$	12,500	$	7,377	$	5,123	$	12,500	$	12,500	
Holiday Lighting	$	-	$	-	$	-	$	-	$	10,000	
Contingency	$	10,000	$	13,607	$	5,000	$	18,607	$	12,500	
Subtotal Field Expenses	$	265,302	$	169,657	$	147,585	$	317,243	$	374,463	

	Adopted
Budget	Actuals
Thru		Projected
Next	Projected
Thru	Proposed
Budget	
Description	FY2025	3/31/25		6 Months	9/30/25	FY2026	

Amenity Expenses
Amenity - Electric	$	

15,000	

$	8,002	

$	

8,002  $	

16,004  $	

16,500	
Amenity - Water	$	7,500	$	2,266	$	13,597  $	15,863  $	17,450	
Playground Lease	$	72,600	$	18,798	$	18,790  $	37,587  $	37,584	
Internet	$	3,000	$	-	$	1,500  $	1,500  $	1,500	
Pest Control	$	720	$	600	$	600  $	1,200  $	1,300	
Janitorial Service	$	15,000	$	2,830	$	5,400  $	8,230  $	11,400	
Security Services	$	33,000	$	-	$	16,500  $	16,500  $	15,000	
Pool Maintenance	$	18,000	$	12,700	$	15,000  $	27,700  $	30,900	
Amenity Repairs & Maintenance	$	10,000	$	-	$	5,000  $	5,000  $	7,500	
Amenity Management	$	12,500	$	6,250	$	6,250  $	12,500  $	12,875	
Contingency	$	10,000	$	23,743	$	22,163  $	45,906  $	7,500	
Subtotal Amenity Expenses	$	197,320	$	75,189	$	112,802  $	187,991  $	159,509	
							
Total Operations & Maintenance	$	462,622	$	244,846	$	260,387  $	505,233  $	533,972	

Other Financing Sources/(Uses):							
Capital Reserves	$	150,000	$	-	$	133,726  $	133,726  $	57,511	
Total Other Financing Sources/(Uses)	$	150,000	$	-	$	133,726  $	133,726  $	57,511	
							
Total Expenditures	$	749,348	$	301,878	$	447,470  $	749,348  $	738,477	
							
Excess Revenues/(Expenditures)	$	-	$	334,995	$	(334,995)  $	0  $	-	
							
Product	Assessable	ERU/Unit	Total ERU's	Net Assessment Net Per Unit (7%)  Gross Per Unit	
Platted Lots	843	1.00	843.00		$691,022.94	$819.72	$881.42	
Total ERU's	843		843.00		$691,022.94			

Revenues:

Assessments

The District will levy a non-ad valorem assessment on all assessable property within the District to fund all general operating and maintenance expenditures during the fiscal year.

Contribution from Scenic Terrace North

The District has an interlocal agreement with Scenic Terrace North for shared amenity facilities with certain costs being allocated based upon the proportionate number of platted units in each District.

Expenditures:

General & Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed $4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

FICA Expense

Represents the Employer’s share of Social Security and Medicare taxes withheld from Board of Supervisors checks.

Engineering

The District's engineer provides general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel provides general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

Assessment Administration

The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on an anticipated bond issuance.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This cost is based upon an anticipated bond issuance.

Disclosure Software

The District has contracted with DTS to provide software platform for filing various reports required in accordance with the Continuing Disclosure Agreements for the various bond issue(s).

Trustee Fees

The District will incur trustee related costs with the issuance of its’ issued bonds.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc.

Website Maintenance

Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Postage & Delivery

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance coverages.

Copies

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes, etc.

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Contingencies

Bank charges and any other miscellaneous expenses incurred during the year.

Office Supplies

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Economic Opportunity for $175. This is the only expense under this category for the District.

Operations & Maintenance:

Field Services

Property Insurance

The District’s property insurance coverages.

Field Management

Represents the estimated costs of contracting services that provide onsite field management of contracts for the District such as landscape and lake maintenance. Services can include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Landscape Maintenance

Represents the estimated maintenance of the landscaping within the common areas of the District after the installation of landscape material has been completed.

Landscape Replacement

Represents the estimated cost of replacing landscaping within the common areas of the District.

Streetlights

Represents the cost to maintain street lights within the District Boundaries that are expected to be in place throughout the fiscal year.

Electric

Represents current and estimated electric charges of common areas throughout the District.

Water & Sewer

Represents current and estimated costs for water and refuse services provided for common areas throughout the District.

Irrigation Repairs

Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas.

Holiday Lighting

Represents costs for holiday lights of the District.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.

Amenity Expenses

Amenity - Electric

Represents estimated electric charges for the District’s amenity facilities.

Amenity – Water

Represents estimated water charges for the District’s amenity facilities.

Playground Lease

Represents the cost of the District leasing playground equipment for the fiscal year.

Internet

Internet service will be added for use at the Amenity Center.

Pest Control

The District will incur costs for pest control treatments to its amenity facilities. Janitorial Services
Represents costs to provide janitorial services and supplies for the District’s amenity facilities. Security Services
Represents the cost of contracting a monthly security service for the District’s amenity facilities.

Pool Maintenance

Represents the costs of regular cleaning and treatments of the District’s pool.

Amenity Repairs & Maintenance

Represents estimated costs for repairs and maintenance of the District’s amenity facilities.

Amenity Management

Represents the cost of managing the monitoring access to the District’s amenity facilities.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any amenity category.

Other Financing Sources/(Uses)

Capital Reserve

Represents projected transfer out to the Capital Projects fund.

Scenic Terrace South
Community Development District Proposed Budget
Capital Reserve

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2025	3/31/25	6 Months	9/30/25	FY2026	

Revenues						
Carry Forward Surplus	$	-	$	-	$	-	$	-	$	133,726	
Total Revenues	$	-	$	-	$	-	$	-	$	133,726	

Expenditures

Capital Outlay	

$	1,000	

$	-	$	-	$	-	$	1,000	
Total Expenditures	$	1,000	$	-	$	-	$	-	$	1,000	

Other Sources/(Uses)					
Transfer In/(Out)	$	150,000	$	-	$	133,726	$	133,726	$	57,511	
Total Other Sources/(Uses)	$	150,000	$	-	$	133,726	$	133,726	$	57,511	
					
Excess Revenues/(Expenditures)	$	149,000	$	-	$	133,726	$	133,726	$	190,237	

Scenic Terrace South
Community Development District

Proposed Budget Debt Service Fund Series 2022

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2025	3/31/25	6 Months	9/30/25	FY2026	

Revenues						
Assessments - Tax Roll	$	1,078,703	$	994,261	$	84,442	$	1,078,703	$	1,078,703	
Interest Income	$	20,000	$	22,448	$	22,448	$	44,895	$	20,000	
Carry Forward Surplus *	$	706,421	$	603,309	$	-	$	603,309	$	642,507	
Total Revenues	$	1,805,124	$	1,620,018	$	106,890	$	1,726,907	$	1,741,211	

Expenditures						
Interest- 11/01	$	387,200	$	387,200	$	-	$	387,200	$	381,366	
Special Call - 11/01	$	-	$	5,000	$	-	$	5,000	$	-	
Principal - 05/01	$	305,000	$	-	$	305,000	$	305,000	$	315,000	
Interest - 05/01	$	387,200	$	-	$	387,200	$	387,200	$	381,366	
Total Expenditures	$	1,079,400	$	392,200	$	692,200	$	1,084,400	$	1,077,731	
						
Excess Revenues/(Expenditures)	$	725,724	$	1,227,818	$	(585,310)	$	642,507	$	663,479	

*Carry forward less amount in Reserve funds.						
				Series 2022 Interest - 11/01	
$375,459	
Product	Assessable Units	Net Assessment	Net Per Unit	Gross Per Unit		
Single Family	744	$1,078,703	$1,449.87	$1,559.00		
Total ERU's	744	$1,078,703				

Scenic Terrace South Community Development District Series 2022 Special Assessment Bonds Amortization Schedule

DATE		BALANCE		PRINCIPAL		INTEREST		TOTAL	
									
11/01/25	$	18,300,000.00	$	-	$	381,365.63	$	1,073,450.01	
05/01/26	$	19,590,000.00	$	315,000.00	$	381,365.63	$	-	
11/01/26	$	19,590,000.00	$	-	$	375,459.38	$	1,071,825.01	
05/01/27	$	19,590,000.00	$	330,000.00	$	375,459.38	$	-	
11/01/27	$	19,590,000.00	$	-	$	369,271.88	$	1,074,731.26	
05/01/28	$	19,590,000.00	$	345,000.00	$	369,271.88	$	-	
11/01/28	$	19,180,000.00	$	-	$	362,156.25	$	1,076,428.13	
05/01/29	$	19,180,000.00	$	355,000.00	$	362,156.25	$	-	
11/01/29	$	18,755,000.00	$	-	$	354,834.38	$	1,071,990.63	
05/01/30	$	18,755,000.00	$	370,000.00	$	354,834.38	$	-	
11/01/30	$	17,360,000.00	$	-	$	347,203.13	$	1,072,037.51	
05/01/31	$	17,360,000.00	$	385,000.00	$	347,203.13	$	-	
11/01/31	$	17,360,000.00	$	-	$	339,262.50	$	1,071,465.63	
05/01/32	$	17,360,000.00	$	405,000.00	$	339,262.50	$	-	
11/01/32	$	17,360,000.00	$	-	$	330,909.38	$	1,075,171.88	
05/01/33	$	17,360,000.00	$	420,000.00	$	330,909.38	$	-	
11/01/33	$	16,855,000.00	$	-	$	321,459.38	$	1,072,368.76	
05/01/34	$	16,855,000.00	$	440,000.00	$	321,459.38	$	-	
11/01/34	$	16,325,000.00	$	-	$	311,559.38	$	1,073,018.76	
05/01/35	$	16,325,000.00	$	460,000.00	$	311,559.38	$	-	
11/01/35	$	15,770,000.00	$	-	$	301,209.38	$	1,072,768.76	
05/01/36	$	15,770,000.00	$	480,000.00	$	301,209.38	$	-	
11/01/36	$	15,190,000.00	$	-	$	290,409.38	$	1,071,618.76	
05/01/37	$	15,190,000.00	$	505,000.00	$	290,409.38	$	-	
11/01/37	$	14,585,000.00	$	-	$	279,046.88	$	1,074,456.26	
05/01/38	$	14,585,000.00	$	530,000.00	$	279,046.88	$	-	
11/01/38	$	13,950,000.00	$	-	$	267,121.88	$	1,076,168.76	
05/01/39	$	13,950,000.00	$	550,000.00	$	267,121.88	$	-	
11/01/39	$	13,290,000.00	$	-	$	254,746.88	$	1,071,868.76	
05/01/40	$	13,290,000.00	$	575,000.00	$	254,746.88	$	-	
11/01/40	$	11,115,000.00	$	-	$	241,809.38	$	1,071,556.26	
05/01/41	$	11,115,000.00	$	605,000.00	$	241,809.38	$	-	
11/01/41	$	11,115,000.00	$	-	$	228,196.88	$	1,075,006.26	
05/01/42	$	11,115,000.00	$	630,000.00	$	228,196.88	$	-	
11/01/42	$	11,115,000.00	$	-	$	214,021.88	$	1,072,218.76	
05/01/43	$	11,115,000.00	$	660,000.00	$	214,021.88	$	-	
11/01/43	$	10,320,000.00	$	-	$	198,759.38	$	1,072,781.26	
05/01/44	$	10,320,000.00	$	690,000.00	$	198,759.38	$	-	
11/01/44	$	9,490,000.00	$	-	$	182,803.13	$	1,071,562.51	
05/01/45	$	9,490,000.00	$	725,000.00	$	182,803.13	$	-	
11/01/45	$	8,620,000.00	$	-	$	166,037.50	$	1,073,840.63	
05/01/46	$	8,620,000.00	$	760,000.00	$	166,037.50	$	-	
11/01/46	$	7,710,000.00	$	-	$	148,462.50	$	1,074,500.00	
05/01/47	$	7,710,000.00	$	795,000.00	$	148,462.50	$	-	
11/01/47	$	6,755,000.00	$	-	$	130,078.13	$	1,073,540.63	
05/01/48	$	6,755,000.00	$	835,000.00	$	130,078.13	$	-	
11/01/48	$	5,755,000.00	$	-	$	110,768.75	$	1,075,846.88	
05/01/49	$	5,755,000.00	$	870,000.00	$	110,768.75	$	-	
11/01/49	$	4,710,000.00	$	-	$	90,650.00	$	1,071,418.75	
05/01/50	$	4,710,000.00	$	915,000.00	$	90,650.00	$	-	
11/01/50	$	3,615,000.00	$	-	$	69,490.63	$	1,075,140.63	
05/01/51	$	3,615,000.00	$	955,000.00	$	69,490.63	$	-	
11/01/51	$	2,465,000.00	$	-	$	47,406.25	$	1,071,896.88	
05/01/52	$	2,465,000.00	$	1,000,000.00	$	47,406.25	$	-	
11/01/52	$	1,260,000.00	$	-	$	24,281.25	$	1,071,687.50	
05/01/53	$	1,260,000.00	$	1,050,000.00	$	24,281.25	$	1,074,281.25	
			$	16,955,000.00	$	13,477,562.70	$	31,124,647.08	

Scenic Terrace South
Community Development District

Proposed Budget Debt Service Fund Series 2023

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2025	3/31/25	6 Months	9/30/25	FY2026	

Revenues						
Assessments - Tax Roll	$	172,953	$	159,399	$	13,553	$	172,953	$	172,953	
Interest Income	$	2,000	$	3,413	$	3,413	$	6,825	$	2,000	
Carry Forward Surplus *	$	182,331	$	105,749	$	-	$	105,749	$	122,002	
Total Revenues	$	357,284	$	268,561	$	16,966	$	285,527	$	296,955	

Expenses						
Interest- 11/01	$	72,050	$	72,050	$	-	$	72,050	$	71,475	
Principal - 11/01	$	20,000	$	20,000	$	-	$	20,000	$	30,000	
Interest - 05/01	$	71,475	$	-	$	71,475	$	71,475	$	70,613	
Total Expenditures	$	163,525	$	92,050	$	71,475	$	163,525	$	172,088	
						
Excess Revenues/(Expenditures)	$	193,759	$	176,511	$	(54,509)	$	122,002	$	124,867	

*Carry forward less amount in Reserve funds.						
				Series 2023 Principal - 11/01	
$30,000	
Interest - 11/01 	$70,613	
	$100,613		
Product *	Assessable Units	Net Assessment	Net Per Unit	Gross Per Unit		
Single Family	99	$172,953	$1,747.00	$1,878.49		
Total	99	$	172,953				

Scenic Terrace South Community Development District Series 2023 Special Assessment Bonds Amortization Schedule

Date		Balance		Prinicpal		Interest		Total	
									
11/01/25	$	2,175,000.00	$	30,000.00	$	71,475.00	$	172,950.00	
05/01/26	$	2,145,000.00	$	-	$	70,612.50			
11/01/26	$	2,145,000.00	$	30,000.00	$	70,612.50	$	171,225.00	
05/01/27	$	2,115,000.00	$	-	$	69,750.00			
11/01/27	$	2,115,000.00	$	30,000.00	$	69,750.00	$	169,500.00	
05/01/28	$	2,085,000.00	$	-	$	68,887.50			
11/01/28	$	2,085,000.00	$	35,000.00	$	68,887.50	$	172,775.00	
05/01/29	$	2,050,000.00	$	-	$	67,881.25			
11/01/29	$	2,050,000.00	$	35,000.00	$	67,881.25	$	170,762.50	
05/01/30	$	2,015,000.00	$	-	$	66,875.00			
11/01/30	$	2,015,000.00	$	35,000.00	$	66,875.00	$	168,750.00	
05/01/31	$	1,980,000.00	$	-	$	65,868.75			
11/01/31	$	1,980,000.00	$	40,000.00	$	65,868.75	$	171,737.50	
05/01/32	$	1,940,000.00	$	-	$	64,568.75			
11/01/32	$	1,940,000.00	$	40,000.00	$	64,568.75	$	169,137.50	
05/01/33	$	1,900,000.00	$	-	$	63,268.75			
11/01/33	$	1,900,000.00	$	45,000.00	$	63,268.75	$	171,537.50	
05/01/34	$	1,855,000.00	$	-	$	61,806.25			
11/01/34	$	1,855,000.00	$	45,000.00	$	61,806.25	$	168,612.50	
05/01/35	$	1,810,000.00	$	-	$	60,343.75			
11/01/35	$	1,810,000.00	$	50,000.00	$	60,343.75	$	170,687.50	
05/01/36	$	1,760,000.00	$	-	$	58,718.75			
11/01/36	$	1,760,000.00	$	55,000.00	$	58,718.75	$	172,437.50	
05/01/37	$	1,705,000.00	$	-	$	56,931.25			
11/01/37	$	1,705,000.00	$	55,000.00	$	56,931.25	$	168,862.50	
05/01/38	$	1,650,000.00	$	-	$	55,143.75			
11/01/38	$	1,650,000.00	$	60,000.00	$	55,143.75	$	170,287.50	
05/01/39	$	1,590,000.00	$	-	$	53,193.75			
11/01/39	$	1,590,000.00	$	65,000.00	$	53,193.75	$	171,387.50	
05/01/40	$	1,525,000.00	$	-	$	51,081.25			
11/01/40	$	1,525,000.00	$	70,000.00	$	51,081.25	$	172,162.50	
05/01/41	$	1,455,000.00	$	-	$	48,806.25			
11/01/41	$	1,300,000.00	$	75,000.00	$	48,806.25	$	172,612.50	
05/01/42	$	1,215,000.00	$	-	$	46,368.75			
11/01/42	$	1,215,000.00	$	80,000.00	$	46,368.75	$	172,737.50	
05/01/43	$	1,215,000.00	$	-	$	43,768.75			
11/01/43	$	1,215,000.00	$	85,000.00	$	43,768.75	$	172,537.50	
05/01/44	$	1,215,000.00	$	-	$	41,006.25			
11/01/44	$	1,215,000.00	$	90,000.00	$	41,006.25	$	172,012.50	
05/01/45	$	1,125,000.00	$	-	$	37,968.75			
11/01/45	$	1,125,000.00	$	95,000.00	$	37,968.75	$	170,937.50	
05/01/46	$	1,030,000.00	$	-	$	34,762.50			
11/01/46	$	1,030,000.00	$	100,000.00	$	34,762.50	$	169,525.00	
05/01/47	$	930,000.00	$	-	$	31,387.50			
11/01/47	$	930,000.00	$	110,000.00	$	31,387.50	$	172,775.00	
05/01/48	$	820,000.00	$	-	$	27,675.00			
11/01/48	$	820,000.00	$	115,000.00	$	27,675.00	$	170,350.00	
05/01/49	$	705,000.00	$	-	$	23,793.75			
11/01/49	$	705,000.00	$	125,000.00	$	23,793.75	$	172,587.50	
05/01/50	$	580,000.00	$	-	$	19,575.00			
11/01/50	$	580,000.00	$	130,000.00	$	19,575.00	$	169,150.00	
05/01/51	$	450,000.00	$	-	$	15,187.50			
11/01/51	$	450,000.00	$	140,000.00	$	15,187.50	$	170,375.00	
05/01/52	$	310,000.00	$	-	$	10,462.50			
11/01/52	$	310,000.00	$	150,000.00	$	10,462.50	$	170,925.00	
05/01/53	$	160,000.00	$	-	$	5,400.00			
11/01/53	$	160,000.00	$	160,000.00	$	5,400.00	$	170,800.00	
			$	2,175,000.00	$	2,785,137.50	$	4,960,137.50	

Section V

americanacquisition.com

March 18, 2025
Certified Mail No.: 9589 0710 5270 0086 7541 60

Scenic Terrace South Community Development District
c/o Governmental Management Services, Jill Burns – District Manager 219 E Livingston Street
Orlando, FL 32801
RE: Project Name:	Polk Regional Water Cooperative
Southeast Wellfield Project Parcel(s) No.:	2018-PE and 2018-TCE Parcel Tax ID No.:	272810-822212-011180
Dear Ms. Burns,

American Acquisition Group, LLC is under contract with Polk Regional Water Cooperative (PRWC) to assist them with property acquisition services. PRWC will require a permanent easement and a temporary construction easement from your property for a water transmission pipeline. We are in the process of acquiring the easements for the project referenced above. PRWC now has in its possession an approved appraisal report. This offer package represents PRWC’s offer to you for the purchase of a permanent easement and temporary construction easement. We have also attached a notice to owner package. Enclosed please find the following:

Approved Appraisal Report – A copy of PRWC’s approved appraisal report for your property is being provided for your use. The purpose of this appraisal is to estimate the market value of the permanent easement. The appraisal is for land and affected improvements only. Please sign and date the enclosed receipt and return it to us.

Written Offer Letter – This provides an explanation of the permanent easement and affected improvements to be acquired. The summary of values is based on the approved appraisal. Please sign and return one copy of this letter to acknowledge receipt of this offer. This is not an agreement and in no way will bind you to a settlement.

Agreement – This is a sample of the standard PRWC Agreement for your review. Please contact me and I can explain the next step in the process.

Taxpayer Identification Number – Please complete the information as indicated under Seller Information. This information is required by law under Internal Revenue Service Code, Section 5045(e). The completed form must be returned with the executed Agreement.

Donation Letter – Please fill out the enclosed form if you wish to donate your property to PRWC.

711 North Sherrill Street – Suite B Tampa, Florida 33609-1109
Ph. 813-287-8191 – Fax 813-287-8197

Scenic Terrace South Community Development District
c/o Governmental Management Services, Jill Burns- District Manager

PUBLIC DISCLOSURE AFFIDAVIT – Provides that persons or entities, with few exceptions, holding real property in the form of a partnership, limited partnership, corporation, trust, or in any form of representative capacity shall make a public disclosure, in writing, of every person having a beneficial interest in the real property before the property is conveyed to the State.

Please review the enclosed documents carefully. If you have any questions regarding this offer or any of the enclosed documents, please feel free to contact me at:

ashley@americanacquisition.com or 727-267-2467.

I sincerely believe that we can reach an amicable and mutually satisfactory agreement and look forward to working with you.

Sincerely,
Ashley Horton, SRWA
American Acquisition Group, LLC ashley@americanacquisition.com Cell: 727-267-2467

Enclosures (as stated above)

WRITTEN OFFER PURSUANT TO FLORIDA STATUTES §73.015

March 18, 2025

Scenic Terrace South Community Development District
c/o Governmental Management Services, Jill Burns – District Manager
219 E Livingston Street Orlando, FL 32801

Dear Ms. Burns,

Certified Mail No.:	9589 0710 5270 0086 7541 60 RE: Project Name:	Polk Regional Water Cooperative
Southeast Wellfield Project Parcel(s) No.:	2018-PE and 2018-TCE Parcel Tax ID No.:	272810-822212-011180

As you have previously been notified, Polk Regional Water Cooperative (PRWC), is planning the following Project:

WATER PRODUCTION FACILITY, RAW WATER WELLFIELD/PIPELINE AND FINISHED WATER TRANSMISSION PIPELINE KNOWN AS THE SOUTHEAST WELLFIELD PROJECT

This project will require the acquisition of 5,733 square feet for Parcel 2018-PE and 3,729 square feet for Parcel 2018-TCE. The interest being acquired in your property is for a Permanent Easement (PE) and Temporary Construction Easement (TCE).

You are further advised that PRWC’s offer of full compensation for the property required for the construction of the Southeast Wellfield Project is based on the Fair Market Value of the property and that PRWC’s offer to you is not less than the approved appraised value of the property.

The following represents a summary of PRWC’s offer to you and the basis therefore:

Parcel 2018-PE
Land:	
$ 13,150	
Improvements:	$ 0	
Real Estate Damages:	$ 0	
Cost to Cure:	$ 0	
Total:	$ 13,150	
Parcel 2018-TCE
Land:	
$ 4,300	
Improvements:	$ 0	
Real Estate Damages:	$ 0	
Cost to Cure:	$ 0	
Total:	$ 4,300	
Total Compensation:	$ 17,450	

Scenic Terrace South Community Development District
c/o Governmental Management Services, Jill Burns- District Manager

If you agree to accept this offer, you will be required to sign a Purchase Agreement and other documents. For any additional information you may require regarding this parcel and/or offer, please contact me at 727-267-2467.

Sincerely,

Ashley Horton, SRWA
American Acquisition Group, LLC ashley@americanacquisition.com Cell: 727-267-2467

Delivered By:  Certified Mail No.: 9589 0710 5270 0086 7541 60 	Date:  03/18/2025	

Receipt Acknowledged By: 		Date: 	

Project Name:	Polk Regional Water Cooperative
Southeast Wellfield Project Parcel(s) No:	2018-PE and 2018-TCE Parcel Tax ID No.:	272810-822212-011180
AGREEMENT
STATE OF FLORIDA COUNT OF POLK
THIS AGREEMENT made and entered into this     day of 	 , 2025, by and between Scenic Terrace South Community Development District, a local unit of special- purpose government hereinafter referred to as “Owner(s)”, and Polk Regional Water Cooperative, an independent special district of the State of Florida, hereinafter referred to as "Purchaser".
WITNESSETH
WHEREAS, Purchaser requires the lands described as Parcels 2018-PE and 2018-TCE, (see attached Exhibit “A and B”), as permanent and temporary easements for construction and maintenance of a water transmission pipeline, and said Owner is required to furnish the parcel for such purpose:
WATER PRODUCTION FACILITY, RAW WATER WELLFIELD/PIPELINE AND FINISHED WATER TRANSMISSION PIPELINE KNOWN AS THE SOUTHEAST WELLFIELD PROJECT
NOW, THEREFORE, in consideration of the premises and the sum of one dollar each to the other paid, it is agreed as follows:
Owner(s) agree(s) to sell and convey, by good and sufficient deed, free of liens and encumbrances, unto said Purchaser, said lands and affected improvements for the total sum of $17,450.00.
Purchaser shall pay unto the Owner(s) the sum of $17,450.00 by PRWC check or electronic wire, within ninety (90) days from date hereof upon simultaneous delivery of such easement(s) of conveyance. Any improvements or personal property not removed within thirty (30) days after purchase of subject land shall be considered abandoned by the Owner(s).
The Owner agrees and expressly acknowledges that the monies paid and other consideration given in accordance with this Agreement is just and full compensation for all property interest and or claims arising from this acquisition and no other monies including fees and/or cost are owed by PRWC to Owner.

Scenic Terrace South Community Development District
c/o Governmental Management Services, Jill Burns- District Manager

∗	THIS AGREEMENT IS SUBJECT TO FINAL APPROVAL BY PRWC.

IN WITNESS WHEREOF, the parties hereto have caused these presents to be executed in their respective names, and on the date shown above.

OWNER(S): Scenic Terrace South Community Development District, a local unit of special- purpose government

By: Jill Burns, District Manager

PURCHASER:
POLK REGIONAL WATER COOPERATIVE,
an independent special district of the State of Florida

By: Eric DeHaven, Executive Director

Exhibit "A"

A parcel of l ard bei rg a porti or of Tract D-3, of th e p l at of SCE N I C TE RRACE SOU TH PH ASE 2, recorded i r P l at Book 1 97, Pages 33 th rou gh 37, ard descri bed i r Offi ci al Records Book 1 3269, Pages 307 th rou gh 31 1 , both of th e Pu b l i c Records of Pol k Cou r ty, F l ori da, l ocated i r Secti or 1 0, Towrsh i p 28 Sou th , Rarge 27 E ast, bei rg m ore parti cu l arl y descri bed as fol l ows:

BE GI N at th e Sou th west correr of sai d Tract D-3; th erce N orth 00° 34' 01 " West, al org th e West l i re of sai d Tract D-3, al so bei rg th e E ast ri gh t-of-way l i re of D etou r Road accordi rg to sai d p l at of SCE N I C TE RRACE SOU TH PH ASE 2, a d i starce of 61 2. 1 1 feet to th e N orth west correr of sai d Tract D-3; th erce N orth 68° 07' 43" E ast, al org th e N orth l i re of sai d Tract D-3, al so bei rg th e Sou th erl y m ai r tai red ri gh t-of-way of H u gh es Road as depi cted i r M ap Book 9, Pages 1 2 th rou gh 30, Pu b l i c Records of Pol k Cou r ty, F l ori da, a d i starce of 8. 91 feet; th erce Sou th 00° 45' 38" E ast, 61 5. 31 feet to th e Sou th l i re of sai d Tract D-3; th erce Sou th 89° 1 3' 21 " West, al org sai d Sou th l i re, 1 0. 38 feet to th e POI N T OF BE GI N N I N G. Sai d parcel cortai r i rg 5, 732. 56 squ are feet, m ore or l ess.

I h ereby certi fy th at th i s Descri pti or wi th Sketch was m ade u rder m y d i recti or ard was m ade i r accordarce wi th Stardards of Practi ce adopted by th e State of F l ori da Departm ert of Agri cu l tu re ard Corsu m er Servi ces, Board of Professi oral Su rveyors ard M appers, Ch apter 5J-1 7 of th e F l ori da Adm i r i strati ve Code, pu rsu art to Secti or 472. 027, F l ori da Statu tes.

Jeffrey P
Amm erm an n

D N g N ita l l y sN gn ed by Jeffrey P Amm erm an n Daite: 2025 .02 .27
1 7 :24:43 -05 ' 00'

JE FFRE Y P . AMM E RM AN N , P . S. M . FLORI DA RE GI STRATI ON PSM 7388
JAMM ERM AN N @CH ASTAI N SKI LLM AN . COM
TH I S I TEM H AS BEEN D I GI TALLY SI GN ED AN D SEALED BY TH E ABOVE SU RVEYOR ON TH E DATE ADJACEN T TO SEAL. AN Y SI GN ATU RE M U ST BE
VERI F I ED ON AN Y ELECTRON I C COPI ES. PRI N TED COPI ES OF TH I S DOCU M EN T ARE N OT CON SI DERED VALI D WI TH OU T A RAI SED SEAL.

1 )	Th I s I s rot a Bou rdary su rvey.
BearI rgs are based or th e West l I re of Tract D-3 as dep I cted or th e p l at of Scer I c Terrace Sou th Ph ase 2, recorded I r P l at Book 1 97, Pages 33 th rou gh 37, Pu b l I c Records of Pol k Cou r ty, F l orI da, beI rg N orth 00" 34' 01 " West.
See sh eet 1 of 2 for descrI ptI or , certI fI catI or , ard su rveyor' s sI gratu re ard seal .

			

Exhibit "B"

A parcel of l ard bei rg a porti or of Tract D-3 of th e p l at of SCE N I C TE RRACE SOU TH PH ASE 2, as recorded i r P l at Book 1 97, Pages 33 th rou gh 37, ard descri bed i r Offi ci al Records Book 1 3269, Pages 307 th rou gh 31 1 , both of th e Pu b l i c Records of Pol k Cou r ty, F l ori da,
l ocated i r Secti or 1 0, Towrsh i p 28 Sou th , Rarge 27 E ast, bei rg rr ore parti cu l arl y descri bed as fol l ows:

COMM E N CE at th e Sou th west correr of sai d Tract D-3; th erce N orth 89° 1 3' 21 " E ast, al org th e Sou th l i re of sai d Tract D-3, a d i starce of 1 0. 38 feet to th e POI N T OF BE GI N N I N G; th erce N orth 00° 45' 38" West, 372. 92 feet; th erce N orth 89° 41 ' 1 0" E ast, 1 0. 00 feet; th erce Sou th 00° 45' 38" E ast, 372. 84 feet to th e Sou th l i re of sai d Tract D-3; th erce Sou th 89° 1 3' 21 " West, al org sai d Sou th l i re, 1 0. 00 feet to th e POI N T OF BE GI N N I N G. Sai d parcel cortai r i rg 3, 728. 78 squ are feet, rr ore or l ess.

I h ereby certi fy th at th i s Descri pti or wi th Sketch was rr ade u rder rr y d i recti or ard was rr ade i r accordarce wi th Stardards of Practi ce adopted by th e State of F l ori da Departrrert of Agri cu l tu re ard Corsu rr er Servi ces, Board of Professi oral Su rveyors ard M appers, Ch apter 5J-1 7 of th e F l ori da Adrr i r i strati ve Code, pu rsu art to Secti or 472. 027, F l ori da Statu tes.

Jeffrey P
Amm erm an n

D N g N ital l y sN gn ed by Jeffrey P Amm erm an n Daite: 2025 .02 .27
1 7 :26:02 -05 ' 00'

JE FFRE Y P . AMM E RM AN N , P . S. M . FLORI DA RE GI STRATI ON PSM 7388
JAMM ERM AN N @CH ASTAI N SKI LLM AN . COM
TH I S I TEM H AS BEEN D I GI TALLY SI GN ED AN D SEALED BY TH E ABOVE SU RVEYOR ON TH E DATE ADJACEN T TO SEAL. AN Y SI GN ATU RE M U ST BE
VERI F I ED ON AN Y ELECTRON I C COPI ES. PRI N TED COPI ES OF TH I S DOCU M EN T ARE N OT CON SI DERED VALI D WI TH OU T A RAI SED SEAL.

1 )	Th i s i s n ot a Bou n dary su rvey.
Beari n gs are based on th e West l i n e of Tract D-3 as depi cted on th e p l at of SCE N # C TE RRACE SOU TH PH ASE 2, recorded i n P l at Book 1 97, Pages 33 th rou gh 37, Pu b l i c Records of Pol k Cou n ty, F l ori da, bei n g N orth 00" 34' 01 " West.
See sh eet 1 of 2 for descri pti on , certi fi cati on s, an d su rveyor' s si gn atu re an d seal .

			

			

Form W•9
(Rev. March 2024)
Department of the Treasury Internal Revenue Service

Request for Taxpayer Identification Number and Certification
Go to www.irs.gov/FormW9 for instructions and the latest information.

Give form to the requester. Do not send to the IRS.

Before you begin. For guidance related to the purpose of Form W-9, see Purpose of Form, below.
Name of entity/individual. An entry is required. (For a sole proprietor or disregarded entity, enter the owner's name on line 1, and enter the business/disregarded entity's name on line 2.)

Business name/disregarded entity name, if different from above.

3a Check the appropriate box for federal tax classification of the entity/individual whose name is entered on line 1. Check only one of the following seven boxes.

4 Exemptions (codes apply only to certain entities, not individuals;

D Individual/sole proprietor	D C corporation	D S corporation	D Partnership
D LLC. Enter the tax classification (C = C corporation, S = S corporation, P = Partnership)

D TrusVestate

see instructions on page 3):

Exempt payee code (if any)

Note: Check the "LLC" box above and, in the entry space, enter the appropriate code (C, S, or P) for the tax classification of the LLC, unless it is a disregarded entity. A disregarded entity should instead check the appropriate box for the tax classification of its owner.
D Other (see instructions)
3b If on line 3a you checked "Partnership" or "TrusVestate," or checked "LLC" and entered "P" as its tax classification, and you are providing this form to a partnership, trust, or estate in which you have an ownership interest, check
this box if you have any foreign partners, owners, or beneficiaries. See instructions	D

Exemption from Foreign Account Tax Compliance Act (FATCA) reporting code (if any)

(Applies to accounts maintained outside the United States.)

35
(/)

Address (number, street, and apt. or suite no.). See instructions.

Requester's name and address (optional)

City, state, and ZIP code

List account number(s) here (optional)

Taxpayer Identification Number (TIN)

Employer identification number

Enter your TIN in the appropriate box. The TIN provided must match the name given on line 1 to avoid backup withholding. For individuals, this is generally your social security number (SSN). However, for a resident alien, sole proprietor, or disregarded entity, see the instructions for Part I, later. For other entities, it is your employer identification number (EIN). If you do not have a number, see How to get a TIN, later.
Note: If the account is in more than one name, see the instructions for line 1. See also What Name and Number To Give the Requester for guidelines on whose number to enter.
Certification
Under penalties of perjury, I certify that:

Social security number

[Il]-ITJ-1 IIII

or

I	II	II	II	I

The number shown on this form is my correct taxpayer identification number (or I am waiting for a number to be issued to me); and
I am not subject to backup withholding because (a) I am exempt from backup withholding, or (b) I have not been notified by the Internal Revenue Service (IRS) that I am subject to backup withholding as a result of a failure to report all interest or dividends, or (c) the IRS has notified me that I am no longer subject to backup withholding; and
I am a U.S. citizen or other U.S. person (defined below); and
The FATCA code(s) entered on this form (if any) indicating that I am exempt from FATCA reporting is correct.

Sign	Signature of
Here	U.S. person

Date

Certification instructions. You must cross out item 2 above if you have been notified by the IRS that you are currently subject to backup withholding because you have failed to report all interest and dividends on your tax return. For real estate transactions, item 2 does not apply. For mortgage interest paid, acquisition or abandonment of secured property, cancellation of debt, contributions to an individual retirement arrangement (IRA), and, generally, payments other than interest and dividends, you are not required to sign the certification, but you must provide your correct TIN. See the instructions for Part 11, later.

General Instructions
Section references are to the Internal Revenue Code unless otherwise noted.
Future developments. For the latest information about developments related to Form W-9 and its instructions, such as legislation enacted after they were published, go to www.irs.gov/FormW9.
What's New
Line 3a has been modified to clarify how a disregarded entity completes this line. An LLC that is a disregarded entity should check the appropriate box for the tax classification of its owner. Otherwise, it should check the "LLC" box and enter its appropriate tax classification.

Cat. No. 10231X

New line 3b has been added to this form. A flow-through entity is required to complete this line to indicate that it has direct or indirect foreign partners, owners, or beneficiaries when it provides the Form W-9 to another flow-through entity in which it has an ownership interest. This change is intended to provide a flow-through entity with information regarding the status of its indirect foreign partners, owners, or beneficiaries, so that it can satisfy any applicable reporting requirements. For example, a partnership that has any indirect foreign partners may be required to complete Schedules K-2 and K-3. See the Partnership Instructions for Schedules K-2 and K-3 (Form 1065).
Purpose of Form
An individual or entity (Form W-9 requester) who is required to file an information return with the IRS is giving you this form because they
Form W-9 (Rev. 3-2024)

DONATION OF PROPERTY TO POLK REGIONAL WATER COOPERATIVE

Scenic Terrace South Community Development District
c/o Governmental Management Services, Jill Burns – District Manager 219 E Livingston Street
Orlando, FL 32801
RE: Project Name:	Polk Regional Water Cooperative
Southeast Wellfield Project Parcel(s) No.:	2018-PE and 2018-TCE Parcel Tax ID No.:	272810-822212-011180

Dear Polk Regional Water Cooperative (PRWC):

This is to advise that the undersigned, as owner of the property or property interest referenced above and as shown on the parcel sketch, legal description and construction plans for referenced project, desires to make a voluntary donation of said property or property interest to PRWC for the use and benefit of PRWC.
The undersigned hereby acknowledges that he/she has been fully advised by a representative of his/her right to have the referenced property or property interest appraised, to accompany the appraiser during the appraisal inspection of the property, to receive full compensation for the above referenced property, and to receive reimbursement to reasonable fees and costs incurred, if any. Having been fully informed of the above rights, I hereby waive those rights unless otherwise noted below.

Owner’s Signature

Type or Print Property Owner’s Name

Street Address

City, State, Zip Code

Date

Polk Regional Water Cooperative 330 W. Church Street
PO Box 9005, Drawer CA01, Bartow FL 33831

330 W. Church Street PO Box 9005
Drawer CA01 Bartow, FL 33831

Scenic Terrace South Community Development District
c/o Governmental Management Services, Jill Burns – District Manager
219 E Livingston Street Orlando, FL 32801

PARCEL(S) NO.:	2018-PE and 2018-TCE PID:	272810-822212-011180

SUBJECT: Public Disclosure Notice (For All Persons and Entities Except Trusts)

Dear Ms. Burns,

Section 286.23, Florida Statutes, (F.S.) requires persons or entities holding real property in the form of a corporation or partnership to disclose in writing, under oath, and subject to the penalties prescribed for perjury, his/her name and address and the names and addresses of every person having a beneficial interest in such property. Polk Regional Water Cooperative (PRWC) must receive disclosure at least 10 days prior to the real estate closing by which PRWC acquires the property or within 48 hours after PRWC deposits the required monies into the registry of the court pursuant to an Order of Taking in condemnation. To assist you in complying with the disclosure requirement, we have enclosed a copy of Section 286.23, F.S. and an affidavit for you to complete and return.
Please Note:
You are not required to disclose a beneficial interest in an entity registered with the Federal securities Exchange Commission or the Florida Department of Financial Services pursuant to Chapter 517, Florida Statues, whose interest is for sale to the general public. For nonpublic entities, you are also not required to disclose persons of entities holding less than 5% of the beneficial interest in the disclosing entity.
If you have any questions, please contact Arlena Dominick, Consultant Project Manager, American Acquisition Group, LLC (941) 894-8948.

Sincerely,

Ashley Horton, SR/WA-TN American Acquisition Group, LLC

Section 286.23, Florida Statutes
286.23	Real property conveyed to public agency; disclosure of beneficial interests; notice; exemptions. –
Any person or entity holding real property in the form of a partnership, limited partnership, corporation, trust, or any form of representative capacity whatsoever for others, except as otherwise provided in this section, shall, before entering into any contract whereby such real property held in representative capacity is sold, leased, taken by eminent domain, or otherwise conveyed to the state or any local governmental unit, or an agency of either, make a public disclosure in writing, under oath and subject to the penalties prescribed for perjury, which shall state his or her name and address and the name and address of every person having a beneficial interest in the real property, however small or minimal. This written disclosure shall be made to the chief officer, or to his or her officially designated representative, of the state, local governmental unit, or agency of either, with which the transaction is made at least 10 days prior to the time of closing or, in the case of an eminent domain taking, within 48 hours after the time when the required sum is deposited in the registry of the court. Notice of the deposit shall be made to the person or entity by registered or certified mail before the 48-hour period begins.
The state or local governmental unit, or an agency of either, shall send written notice by registered mail to the person required to make disclosures under this section, prior to the time when such disclosures are required to be made, which written request shall also inform the person required to make such disclosure that such disclosure must be made under oath, subject to the penalties prescribed for perjury.
(a) The beneficial interest in any entity registered with the Federal Securities Exchange Commission or registered pursuant to chapter 517, whose interest is for sale to the general public, is hereby exempt from the provisions of this section. When disclosure of persons having beneficial interests in nonpublic entities is required, the entity or person shall not be required by the provisions of this section to disclose persons or entities holding less than 5 percent of the beneficial interest in the disclosing entity.
(b) In the case of an eminent domain taking, any entity or person other than a public officer or public employee, holding real property in the form of a trust which was created more than 3 years prior to the deposit of the required sum in the registry of the court, is hereby exempt from the provisions of this section. However, in order to qualify for the exemption set forth in this section, the trustee of such trust shall be required to certify within 48 hours after such deposit, under penalty of perjury, that no public officer or public employee has any beneficial interest whatsoever in such trust. Disclosure of any changes in the trust instrument or of persons having beneficial interest in the trust shall be made if such changes occurred during the 3 years prior to the deposit of said sum in the registry of the court.
This section shall be liberally construed to accomplish the purpose of requiring the identification of the actual parties benefiting from any transaction with a governmental unit or agency involving the procurement of the ownership or use of property by such governmental unit or agency.
History--ss. 1, 2, 3, 4, 5, ch. 74-174; s. 1, ch. 77-174; s. 72, ch. 86-186; s. 7, ch. 91-56; s. 212, ch. 95-148.

PARCEL(S) NO.:	2018-PE and 2018-TCE PID:	272810-822212-011180

Public Disclosure Affidavit (For All Persons and Entities Except Trust)
I, the undersigned, under penalty of perjury, affirm that I hold the title for, or represent
	 in the capacity of
Name of Corporation, Partnership, etc.
	 and my full name
Affiant’s Title (President, VIP, etc.)
and address is 	
;
	 and
Affiant’s Name and Address
	 holds legal title to
Name of Corporation, Partnership, etc.

the real estate described in Attachment "A" to this affidavit; and (select appropriate option)
The names and addresses of all persons who hold a beneficial interest in the real estate are listed on Attachment "B" to this affidavit.
All beneficial interests in the property are exempt from disclosure because the entity identified above as the owner of the real estate is an entity registered with the Federal
Securities Exchange Commission or the Florida Department of Financial Services pursuant to Chapter 517, Florida Statutes, whose interest is for sale to the general public.
This is a nonpublic entity, and I elect not to disclose the names of persons or entities holding less than 5% of the beneficial interest in this entity.

Affiant's Signature

STATE OF FLORIDA	Print or Type Name of Affiant
COUNTY OF 	

The foregoing instrument was acknowledged before me by means of ☐ physical presence or ☐ online notarization, this
	 day of 	, 	 by 	 as
(Name of person)

	 for 	
(Type of authority)	(Name of party on behalf of whom instrument was executed)

Signature of Notary Public – State of Florida: 	

(Print, Type, or Stamp Commissioned Name of Notary Public)

Personally Known 	 OR Produced Identification 	
Type of Identification Produced 	

Attachment "A"
Parcel 2018 legals and sketches

A parcel of l ard bei rg a porti or of Tract D-3, of th e p l at of SCE N I C TE RRACE SOU TH PH ASE 2, recorded i r P l at Book 1 97, Pages 33 th rou gh 37, ard descri bed i r Offi ci al Records Book 1 3269, Pages 307 th rou gh 31 1 , both of th e Pu b l i c Records of Pol k Cou r ty, F l ori da, l ocated i r Secti or 1 0, Towrsh i p 28 Sou th , Rarge 27 E ast, bei rg m ore parti cu l arl y descri bed as fol l ows:

BE GI N at th e Sou th west correr of sai d Tract D-3; th erce N orth 00° 34' 01 " West, al org th e West l i re of sai d Tract D-3, al so bei rg th e E ast ri gh t-of-way l i re of D etou r Road accordi rg to sai d p l at of SCE N I C TE RRACE SOU TH PH ASE 2, a d i starce of 61 2. 1 1 feet to th e N orth west correr of sai d Tract D-3; th erce N orth 68° 07' 43" E ast, al org th e N orth l i re of sai d Tract D-3, al so bei rg th e Sou th erl y m ai r tai red ri gh t-of-way of H u gh es Road as depi cted i r M ap Book 9, Pages 1 2 th rou gh 30, Pu b l i c Records of Pol k Cou r ty, F l ori da, a d i starce of 8. 91 feet; th erce Sou th 00° 45' 38" E ast, 61 5. 31 feet to th e Sou th l i re of sai d Tract D-3; th erce Sou th 89° 1 3' 21 " West, al org sai d Sou th l i re, 1 0. 38 feet to th e POI N T OF BE GI N N I N G. Sai d parcel cortai r i rg 5, 732. 56 squ are feet, m ore or l ess.

I h ereby certi fy th at th i s Descri pti or wi th Sketch was m ade u rder m y d i recti or ard was m ade i r accordarce wi th Stardards of Practi ce adopted by th e State of F l ori da Departm ert of Agri cu l tu re ard Corsu m er Servi ces, Board of Professi oral Su rveyors ard M appers, Ch apter 5J-1 7 of th e F l ori da Adm i r i strati ve Code, pu rsu art to Secti or 472. 027, F l ori da Statu tes.

Jeffrey P
Amm erm an n

D N g N ita l l y sN gn ed by Jeffrey P Amm erm an n Daite: 2025 .02 .27
1 7 :24:43 -05 ' 00'

JE FFRE Y P . AMM E RM AN N , P . S. M . FLORI DA RE GI STRATI ON PSM 7388
JAMM ERM AN N @CH ASTAI N SKI LLM AN . COM
TH I S I TEM H AS BEEN D I GI TALLY SI GN ED AN D SEALED BY TH E ABOVE SU RVEYOR ON TH E DATE ADJACEN T TO SEAL. AN Y SI GN ATU RE M U ST BE
VERI F I ED ON AN Y ELECTRON I C COPI ES. PRI N TED COPI ES OF TH I S DOCU M EN T ARE N OT CON SI DERED VALI D WI TH OU T A RAI SED SEAL.

1 )	Th I s I s rot a Bou rdary su rvey.
BearI rgs are based or th e West l I re of Tract D-3 as dep I cted or th e p l at of Scer I c Terrace Sou th Ph ase 2, recorded I r P l at Book 1 97, Pages 33 th rou gh 37, Pu b l I c Records of Pol k Cou r ty, F l orI da, beI rg N orth 00" 34' 01 " West.
See sh eet 1 of 2 for descrI ptI or , certI fI catI or , ard su rveyor' s sI gratu re ard seal .

			

A parcel of l ard bei rg a porti or of Tract D-3 of th e p l at of SCE N I C TE RRACE SOU TH PH ASE 2, as recorded i r P l at Book 1 97, Pages 33 th rou gh 37, ard descri bed i r Offi ci al Records Book 1 3269, Pages 307 th rou gh 31 1 , both of th e Pu b l i c Records of Pol k Cou r ty, F l ori da,
l ocated i r Secti or 1 0, Towrsh i p 28 Sou th , Rarge 27 E ast, bei rg rr ore parti cu l arl y descri bed as fol l ows:

COMM E N CE at th e Sou th west correr of sai d Tract D-3; th erce N orth 89° 1 3' 21 " E ast, al org th e Sou th l i re of sai d Tract D-3, a d i starce of 1 0. 38 feet to th e POI N T OF BE GI N N I N G; th erce N orth 00° 45' 38" West, 372. 92 feet; th erce N orth 89° 41 ' 1 0" E ast, 1 0. 00 feet; th erce Sou th 00° 45' 38" E ast, 372. 84 feet to th e Sou th l i re of sai d Tract D-3; th erce Sou th 89° 1 3' 21 " West, al org sai d Sou th l i re, 1 0. 00 feet to th e POI N T OF BE GI N N I N G. Sai d parcel cortai r i rg 3, 728. 78 squ are feet, rr ore or l ess.

I h ereby certi fy th at th i s Descri pti or wi th Sketch was rr ade u rder rr y d i recti or ard was rr ade i r accordarce wi th Stardards of Practi ce adopted by th e State of F l ori da Departrrert of Agri cu l tu re ard Corsu rr er Servi ces, Board of Professi oral Su rveyors ard M appers, Ch apter 5J-1 7 of th e F l ori da Adrr i r i strati ve Code, pu rsu art to Secti or 472. 027, F l ori da Statu tes.

Jeffrey P
Amm erm an n

D N g N ital l y sN gn ed by Jeffrey P Amm erm an n Daite: 2025 .02 .27
1 7 :26:02 -05 ' 00'

JE FFRE Y P . AMM E RM AN N , P . S. M . FLORI DA RE GI STRATI ON PSM 7388
JAMM ERM AN N @CH ASTAI N SKI LLM AN . COM
TH I S I TEM H AS BEEN D I GI TALLY SI GN ED AN D SEALED BY TH E ABOVE SU RVEYOR ON TH E DATE ADJACEN T TO SEAL. AN Y SI GN ATU RE M U ST BE
VERI F I ED ON AN Y ELECTRON I C COPI ES. PRI N TED COPI ES OF TH I S DOCU M EN T ARE N OT CON SI DERED VALI D WI TH OU T A RAI SED SEAL.

1 )	Th i s i s n ot a Bou n dary su rvey.
Beari n gs are based on th e West l i n e of Tract D-3 as depi cted on th e p l at of SCE N # C TE RRACE SOU TH PH ASE 2, recorded i n P l at Book 1 97, Pages 33 th rou gh 37, Pu b l i c Records of Pol k Cou n ty, F l ori da, bei n g N orth 00" 34' 01 " West.
See sh eet 1 of 2 for descri pti on , certi fi cati on s, an d su rveyor' s si gn atu re an d seal .

			

			

Attachment ‘B’

5

Polk Regional Water Cooperative Acquisition of Real Property

Right-of-Way and Real Estate

Polk Regional Water Cooperative 330 W. Church Street
PO Box 9005, Drawer CA01, Bartow, FL 33831

ACQUISITIONOF REALPROPERTY
Introduction

As the owner of property needed for a utility project, you are a key participant in improving Polk County’s vital utility network. This brochure has been prepared to describe the procedures the Polk Regional Water Cooperative (PRWC) must follow by law in purchasing your property. It also explains your rights and options during the acquisition process. If you have questions after reading this brochure, please ask us. We want to answer your questions. It is our sincere desire to work with you in reaching a mutually acceptable agreement for the purchase of your property.

Along with this brochure, you will receive a letter notifying you of the rights guaranteed to you by law. The letter will explain the nature of the project for which your property is needed, describe the portion of your property needed for the project and provide you the project and parcel designation we will use to identify the portion of your property being acquired. The letter will also include the location, address and phone number of the PRWCs office where you can obtain additional information about the project. If you request copies of our appraisal of your property, right of way maps, or construction plans we will provide them within 15 business days of our receipt of your request. If our right of way maps and construction plans are not complete at the time of your request, we will provide them to the extent they are prepared.

PRWC will reimburse you for certain fees and costs you incur during the acquisition process, primarily for the services of an attorney and/or appraiser. However, the law places certain limitations on this reimbursement. If you enter into binding agreements for legal, appraisal and other services, you may be responsible for payment of any amounts exceeding what is reimbursable by law. Before you enter into binding agreements we recommend that you allow us to make our offer to you and more fully explain the reimbursement process.

Appraisal of Real Property

You will be contacted by an appraiser or real estate specialist working for PRWC who will appraise or otherwise estimate the value of your property. The appraiser or real estate specialist must inspect your property as part of the valuation process. You are encouraged to be present during the inspection and provide any information you believe affects the value of your property.

You may obtain your own appraisal of the portion of your property being acquired. PRWC will consider your appraisal in determining the amount we believe provides you full compensation. When we acquire your property, we will reimburse your cost for one real estate appraisal provided the cost of the appraisal does not exceed the usual and customary rate charged for appraisal services in the community where your property is located.

In order for PRWC to pay an appraisal fee, you must provide us a copy of your appraisal and submit an invoice showing the services performed by date, the hourly rate and the amount of the fee.

If we cannot agree on the amount of the fee to be paid by PRWC you have the right to file an action in the Circuit Court and have the Court decide the amount to be paid.

NegotiationforPurchase of RealProperty

You will receive a written offer to purchase your property. The offer will be no less than the appraised value. If only a portion of your property is being acquired, the offer will also include an amount necessary to compensate you for any loss in value to your remaining property resulting from the partial acquisition. We will negotiate with you to try and reach a mutually acceptable agreement for the purchase of your property.

You may wish to be represented by an attorney or other agent during negotiations. If you choose to be represented, we will ask you to provide us written authorization, signed by both you and your representative. Once we have received your written authorization, we will conduct negotiations with your representative. However, the initial written offer must be delivered directly to you. Your authorized representative may be present when we deliver the initial offer, if you wish.

If you choose to be represented by an attorney, PRWC will pay a reasonable fee for his/her services. If we reach an agreement with you for the purchase of your property we will pay your attorney to review and analyze the details of the acquisition and to assist you in negotiations. The amount for attorney fees will either be based on a schedule contained in Florida Statutes which is explained later in this brochure in the section entitled Eminent Domain or, if we both agree, based on a reasonable number of hours and reasonable hourly rate. If we pay based on hourly rate, the amount may not be more than you would be expected to pay if PRWC were not responsible for the fees. If we cannot agree to a purchase price, attorney fees will be paid as described later under Eminent Domain. Please note, PRWC does not pay for the services of representatives who are not attorneys licensed to practice in Florida.

If we reach an agreement as to the amount of compensation, you will be asked to sign a purchase agreement agreeing to the terms of the sale. That agreement will be subject to final approval by PRWC. When final approval is granted PRWC will contact you to schedule a real estate closing as described in this brochure under Real Estate Closing.

You do not have to accept our offer of compensation for your property. You may make a counteroffer in the amount you feel is appropriate and we will consider your counteroffer in the negotiations. If we cannot reach an agreement as to the amount of compensation for your property PRWC may, as a last resort, seek to acquire your property through the courts.

This is known as “condemnation” and is explained more thoroughly in the section entitled Eminent Domain. By law you must be given at least 30 days from the date you receive our offer to respond before we can begin the condemnation process. Please understand that if PRWC must pursue condemnation, payment of fees and costs will be delayed until the conclusion of the litigation.

Real Estate Closing

At the closing we will provide the check for the agreed amount of compensation for your property and any damages to your remaining property, if applicable. In exchange, you will be asked to sign the appropriate documents to convey your property to PRWC.

The payment of fees and costs will also take place at closing. Fees and costs will not affect the agreed upon price for the real estate. Generally, fees and costs will be paid directly to you. However, if you choose, we will pay directly to your attorney and/or appraiser provided you authorize us to do this in writing.

If we reach agreement of the value of your property, but cannot agree on the amount of the fees and costs to be paid by PRWC, we can go forward with the closing for the real estate and defer payment of the fees and costs. Ultimately, if we cannot agree on an amount for fees and costs, you have the right to file an action in the Circuit Court and have the Court decide the amount to be paid.

Eminent Domain

PRWC always prefers to acquire property through negotiated settlements. However, if after negotiations we cannot agree on the price to be paid for your property, PRWC must consider acquisition through the courts which is called “condemnation.” The right to acquire private property through condemnation is known as the power of eminent domain.
Although PRWC has the right to acquire private property, it must insure the owner is fully compensated for the property. In a condemnation suit, a jury may ultimately decide the amount PRWC must pay. However, if PRWC files a condemnation suit we will continue to negotiate with you and your attorney to try to arrive at a mutually satisfactory amount to compensate you for your property. If we agree on the terms of a settlement the condemnation suit will be concluded and your fees and costs will be paid as described in this brochure.

If PRWC pursues a condemnation action, your attorney fees will be paid based on a schedule contained in Florida Statutes. Fees will be calculated as a percentage of the benefit your attorney achieves for you.  The term benefit means the difference between the amount the court awards (final judgment amount) and the amount of the last written offer made by PRWC before you hire an attorney. In determining the amount of benefit for the purposes of calculating attorney fees, the court may also consider non-monetary benefits the attorney obtains for you.

The law does not allow PRWC to pay interest on amounts for fees and costs.

Conclusion

We understand that a utility project requiring the acquisition of private property may cause concern and result in many questions. We are very interested in hearing your concerns and answering your questions. You will have adequate time to obtain all of the information you need, to study your options and make informed decisions. Please be assured we will do everything we can to be sensitive and responsive to your needs and to insure you receive all of your rights.

The rights explained in this brochure are derived from Chapter 73, Florida Statutes.	The relevant portions of Chapter 73 are provided for your information.

BRE VALUATION & ADVISORY SERVICES

APPRAISAL REPORT
POLK REGIONAL WATER COOPERATIVE 
SE WELLFIELD AND WATER PRODUCTION FACILITY PARCEL 2018 - SCENIC TERRACE SOUTH 
COMMUNITY DEVELOPMENT DISTRICT 
COUNTY PROPERTY ID NO.: 27-28-10-822212-011180 POPPY AVENUE 
LAKE HAMILTON, POLK COUNTY, FLORIDA 33851 CBRE FILE NO. CB22US128018-365 

A M E R IC AN AC Q U IS IT IO N GR O UP , LLC 

VALUATION & ADVISORY SERVICES

1 Independent Drive, Suite 3000
Jacksonville, FL 32202

March 5, 2025

Mr. D. Wade Brown, SR/WA American Acquisition Group, LLC 711 N. Sherrill Street, Suite B Tampa, Florida 33609
RE:	Polk Regional Water Cooperative
Parcel 2018 - Scenic Terrace South Community Development District County Property ID No.: 27-28-10-822212-011180
Poppy Avenue
Lake Hamilton, Florida 33851
CBRE, Inc. File No. CB22US128018-365

T 904.634.1200
www.cbre.com

Dear Mr. Brown:
Our assignment involves providing real estate valuation services related to the Polk Regional Water Cooperative “Southeast Wellfield and Water Production Facility”. Our analysis is presented in the following Appraisal Report. This Appraisal Report will consider ““Land and Affected Improvements” within a Before, Acquisition and Remainder analysis. My opinion of market value of the easement interests as of November 23, 2024, is as follows:
SUMMARY OF COMPENSATION
MARKET VALUE OF PERMANENT EASEMENT INTERESTS
PARCEL 2018 - SCENIC TERRACE SOUTH COMMUNITY DEVELOPMENT DISTRICT	PERMANENT EASEMENT	
Land	$13,150	
Improvements	$0	
Damages	$0	
Compensation	$13,150	

MARKET VALUE OF TCE INTERESTS
PARCEL 2018 - SCENIC TERRACE SOUTH COMMUNITY DEVELOPMENT DISTRICT	TEMPORARY CONSTRUCTION EASEMENT	
Land	$4,300	
Improvements	$0	
Damages	$0	
Compensation	
$4,300	
TOTAL COMPENSATION	$17,450

It has been a pleasure to assist you in this assignment. If you have any questions concerning the analysis, or if CBRE can be of further service, please contact us.

Mr. D. Wade Brown, SR/WA March 5, 2025
Page 2

Respectfully submitted,

CBRE - VALUATION & ADVISORY SERVICES

Nick Chop, MAI Cert Gen RZ2660

I certify to the best of our knowledge and belief:
The statements of fact contained in this report are true and correct.
The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions and are our personal, impartial and unbiased professional analyses, opinions, and conclusions.
I have no present or prospective interest in or bias with respect to the property that is the subject of this report and have no personal interest in or bias with respect to the parties involved with this assignment.
My engagement in this assignment was not contingent upon developing or reporting predetermined results.
My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal.
My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice, as well as the requirements of the State of Florida.
Nick Chop, MAI has made a personal inspection of the property that is the subject of this report.
Todd Johnson provided significant real property appraisal assistance to the person signing this report.
Travis Oswald, State-Registered Trainee Appraiser RI24216, provided significant real property appraisal assistance including area data compilation, description of the subject property, market data research and preparation of an appraisal report draft.
Nicholas Franjo Chop, MAI, is an active State-certified general real estate appraiser (Cert Gen RZ2660), current with all requirements with a license expiration of November 30, 2026. Todd Johnson, is an active State-certified general real estate appraiser (Cert Gen RZ2156), current with all requirements with a license expiration of November 30, 2026. Travis Oswald is an active State- Registered Trainee Appraiser RI24216, current with all requirements with a license expiration of November 30, 2026.
The reported analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the requirements of the Code of Professional Ethics and Standards of Professional Appraisal Practice of the Appraisal Institute.
The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives.
As of the date of this report, Nick Chop, MAI has completed the continuing education program for Designated Members of the Appraisal Institute.
Valuation & Advisory Services operates as an independent economic entity within CBRE, Inc. Although employees of other CBRE, Inc. divisions may be contacted as a part of our routine market research investigations, absolute client confidentiality and privacy were maintained at all times with regard to this assignment without conflict of interest.
Nick Chop, MAI has not provided any services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three-year period immediately preceding agreement to perform this assignment.
Nick Chop, MAI Cert Gen RZ2660

Subject Photographs

Aerial View

		
	Subject Site			Proposed Easement Area		
		
	Proposed Easement Area			Proposed Easement Area		
		
	Proposed Easement Area			Proposed Easement Area		

Permanent Easement Sketch

Temporary Construction Easement Sketch

Easement Exhibit

7

Scenic Terrace South Development Plans

8

Table of Contents
Certification	1
Subject Location Maps	2
Subject Photographs	3
Permanent Easement Sketch	5
Temporary Construction Easement Sketch	6
Easement Exhibit	7
Scenic Terrace South Development Plans	8
Table of Contents	9
Summary of Information	10
Scope of Work	12
Site Analysis	16
Zoning & Tax Assessment Data	19
Highest and Best Use	21
Land Value	23
Description and Valuation of Part Acquired.	26
Valuation of Remainder as Part of Whole Property/Remainder	29
Assumptions and Limiting Conditions	33
ADDENDA
Legal Description of Proposed Acquisition
Permanent Easement Description
Temporary Construction Easement Description
Land Sale Data Sheets
Area Analysis
Owner contact letter
Qualifications

Summary of Information
Our assignment involves providing real estate valuation services related to the Polk Regional Water Cooperative’s “Southeast Wellfield and Water Production Facility”. The Polk Regional Water Cooperative (PRWC) proposed project will provide up to 12.5 million gallons per day of high-quality drinking water. The treated drinking water will be delivered to local water utilities via a 66-mile pipeline route extending west through Lake Wales and Bartow to South Lakeland and north through Dundee, Lake Hamilton, and Haines City to Davenport. A 10-mile pipeline will also be constructed along Walk in Water Road in Lake Wales to transport raw water to the treatment facility.
Owner of Record:
Scenic Terrace South Community Development District 219 E. Livingston Road
Orlando, FL 32801-1508
Location of the Subject:
The property is located at the southeast intersection of Detour Road and Hughes Road, approximately 515' west of Hughes Road intersection with Peony Place. Peony Place is the main entrance to the Scenic Terrace South subdivision, for which the subject represents the westerly common areas for the development. The overall larger residential subdivision is located in Lake Hamilton, FL.
Address:
Poppy Avenue
Lake Hamilton, Florida, 33851
Date of Report:
The date of report is March 5, 2025.
Date of Value:
The effective date is November 23, 2024.
Property Inspection Dates:
The formal property inspection was conducted on November 23, 2024.
Persons at the Inspection:
Todd Johnson – Associate, CBRE, Inc.
An inspection letter was sent to the property owner via Federal Express. However, the property owner was not present at the formal property inspection.
Extent of the Inspection:
The extent of the field inspection during the property inspection included an inspection of the parent tract with emphasis of the area of taking as well as photographing the subject site and road frontage. The area of the acquisition was inspected and impacted improvements were quantified, to the extent necessary.

Land Area:
The subject is a “common area” parcel located along the easterly side of Detour Road which contains 3.350 acres. The site is a portion of the larger “Scenic Terrace South” residential subdivision. It should be noted that the subject is a portion of Phase 2 for “Scenic Terrace South. Phase 2 of the development is split between the northerly and southerly side of Hughes Road. The southerly portion of the development (Parcel B Scenic Terrance South Phase 2) contains 28.24 acres and is platted for 119 residential lots. Per the subdivision recorded plat (PB 197, PG 33) the parent tract (as identified by the client) is identified as “Tract D-3”, drainage and landscape area. The subject is a portion of the required space/common area for the subdivision. Based on the overall site plan, the open space/common area is comprised of approximately 7.760 acres of space/common area. The total common area space (7.760 acres) consists of four separate platted tracts (Tract D-3, Tract C2, Tract C-3, Tract D-4). The subject represents the westerly common area (Tract D-3) which contains 3.350 acres. For valuation purposes, a hypothetical parent tract of 7.760 acres will be utilized, which represents the portion of the development south of Hughes Road, Parcel B Scenic Terrance South Phase 2.

Summary of Area Calculations		2018	
Before Parent Tract:	145,926 ± SF (	3.350 ± AC)	
Before Hypothetical Parent Tract*	338,026 ± SF (	7.760 ± AC)	
*(Common Area For "Scenic Terrace South")			
Take:
2018 PE	
5,733 ± SF (	
0.132 ± AC)	
2018 TCE		3,729 ± SF (	0.086 ± AC) 	

Remainder Tract:	
145,926 ± SF (	
3.350 ± AC)	
Remainder Hypothetical Tract*	338,026 ± SF (	7.760 ± AC)	
*(Common Area For "Scenic Terrace South")			

OWNERSHIP AND PROPERTY HISTORY

OWNERSHIP SUMMARY

Item	Current
Current Ownership
Owner:	Scenic Terrace South Community Development District
Seller:	Atlantic Blue Communities, LLC
Purchase Price:	$0
Transaction Date:	September 15, 2024
Sale in Last 3 Years:	Yes
Legal Reference:	OR Bk 13269, Page 0307
County/Locality Name:	Polk
Compiled by CBRE

It should be noted that the above-mentioned transaction was a non-arm’s length transaction and was a quit claim deed between related parties. A formal title search was provided to the appraiser, with the last transaction involving the subject being summarized above. CBRE is unaware of any arm’s length ownership transfers of the property within three years of the date of appraisal. Further, the property is not reportedly being offered for sale, as of the current date.

Scope of Work
CLIENT
The client is American Acquisition Group, LLC, outside Counsel for the Polk Regional Water Cooperative and the Polk Regional Water Cooperative.

TYPE OF APPRAISAL AND REPORT FORMAT
This analysis is in an Appraisal Report format in conformity with the reporting requirements set forth under Standard Rule 2-2 of the Uniform Standards of Professional Appraisal Practice. The Appraisal Report will consider the subject property within a Before, Acquisition and Remainder analysis.

INTENDED USE AND USER OF THE APPRAISAL REPORT
The intended use of this report is for establishing compensation to acquire property rights for a proposed permanent easement (PE) and a temporary construction easement (TCE). The intended user is the client, American Acquisition Group, outside Counsel for the Polk Regional Water Cooperative and Polk Regional Water Cooperative.

PURPOSE OF THE APPRAISAL
The purpose of this appraisal is to develop and report an opinion of the market value of a residential property, which will be partially acquired for a “Perpetual Easement” (Parcel 2018 PE) by the Polk Regional Water Cooperative in conjunction with the proposed “SE Wellfield and Water Production Facility”. The easement is being acquired for the purpose of constructing and maintaining underground water lines. Additionally, a “Temporary Construction Easement” (Parcel 2018 TCE) will be temporarily acquired for a term of 60-months.

DEFINITION OF MARKET VALUE
Market Value is defined as:
The most probable price, as of a specified date, in cash, or in terms equivalent to cash, or in other precisely revealed terms, for which the specified property rights should sell after reasonable exposure in a competitive market under all conditions requisite to a fair sale, with the buyer and seller each acting prudently, knowledgeably, and for self- interest, and assuming that neither is under undue duress. 1

INTEREST APPRAISED
The rights appraised for Parcel No. 2018 PE are those associated with a Perpetual Easement. “A Perpetual Easement” is defined as:
“An easement that lasts forever.”2

Appraisal Institute, The Dictionary of Real Estate Appraisal, 7th ed. (Chicago: Appraisal Institute, 2022), 118.
Appraisal Institute, The Dictionary of Real Estate Appraisal, 7th ed. (Chicago: Appraisal Institute, 2022), 142

The rights appraised for Parcel No. 2018 TCE are those associated with a Temporary Construction Easement. “A Temporary Easement” is defined as:
“An easement granted for a specific purpose and applicable for a specific time period. A construction easement, for example, is terminated after the construction of the improvement and the unencumbered fee interest in the land reverts to the owner.”3
Extent to Which the Property is Identified
The property is identified through the following sources:
postal address
assessor’s records
legal description
Extent to Which the Property is Inspected
The formal property inspection consisted of physically inspecting the subject property, with an emphasis on the easement area as well as photographing the subject site and road frontage(s).
Type and Extent of the Data Researched
CBRE reviewed the following:
applicable tax data
zoning requirements
flood zone status
demographics
comparable data
Data Resources Utilized in the Analysis

DATA SOURCES

Item:	Sources:
Site Data
Size	Polk County Property Appraiser
Other
Ownership	Title Search, Polk County Public Records
Acquisition Area	Maps, Drawings & Legal Descriptions Provided by Client

Compiled by CBRE

APPRAISAL METHODOLOGY
I have utilized the Sales Comparison Approach “as vacant” to value the land affected by the acquisition (permanent easement and temporary construction easement). It is widely used and is considered a reliable indicator of value because it represents the actions and reactions of buyers and sellers in the marketplace. The property is identified as “Tract D-3” and consist of drainage/landscaping area associated with Scenic Terrace South. The site is improved with landscaping, a drainage structure and sidewalks. Therefore, this analysis will address land and affected improvements only. The easement will have directional drilling within the drainage and

Appraisal Institute, The Dictionary of Real Estate Appraisal, 7th ed. (Chicago: Appraisal Institute, 2022), 190

not impact the drainage area in the after. Additionally, any sidewalk impacted by the acquisition will be replace by the roadway contract.
The PRWC easements will impact “Tract D-3” which is considered “common area” for the subdivision. The proposed permanent easement (2018 PE) and the temporary construction easement (2018 TCE) will not impact the residential lots platted within the Scenic Terrace South development. The proposed acquisition will only impact the proposed “common areas” within the development. As such, the parent tract has been abbreviated (or expanded) to include the “common area” within the Parcel B Scenic Terrace South Phase 2 development. Per the Polk County Property Appraiser, the common areas contain 7.760± acres and represent 27% of the total development (28.24 acres). This is a hypothetical condition.
The scope of this appraisal involved utilizing a Sales Comparison Approach in estimating the market value for the land located within common areas of Scenic Terrace South. Common areas (which will be impacted by the PRWC easements) are considered to contribute a portion of the value to the developable lots in a residential subdivision. These common areas include roads, sidewalks, landscaped areas, wetlands, buffer areas, and retention ponds. Data collected within the local market was considered similar to the subject property with regard to the Highest and Best Use. The subject property will be valued based upon the property’s price per square foot of typical Scenic Terrace South residential lots and calculated as a percentage of the contribution applied.
The easements will impact pedestrian sidewalks and a drainage structure located within the extreme northwest corner of the property. Based upon the design plans provided to the appraiser, within the vicinity of the subject, the pipeline will be installed by directional drilling (surface will not be disturbed). The plans indicate that the water line will be installed subsurface approximately 25 feet in depth within the vicinity of the drainage structure. It is anticipated that the improvements will not be impacted during construction. Any sidewalks which is disturbed during construction will be replaced/repaired by project contractor. Therefore, this analysis will address land only.

APPRAISAL PROBLEM
The appraisal problem includes providing an opinion of the market value of the hypothetical parent tract (common areas within the Scenic Terrace South) based upon its highest and best use. A proportionate value is estimated for the permanent easement acquisition and the temporary construction easement. The remainder will be encumbered by a permanent easement. An underground water line/pipe will be placed within the permanent easements and the temporary construction easement areas will revert back to the property owner at the completion of the proposed water-line project. The remainder valuation considers any value impacts to that portion of the property encumbered by the new easement(s).
Per information provided by the client, the subject is a “common area” parcel located along the easterly side of Detour Road which contains 3.350 acres. The site is a portion of the larger “Scenic Terrace South” residential subdivision. It should be noted that the subject is a portion of Phase 2 for “Scenic Terrace South. Phase 2 of the development is split between the northerly and southerly side of Hughes Road. The southerly portion of the development contains 28.24 acres and is platted for 119 residential lots. Per the subdivision recorded plat (PB 197, PG 33) the parent tract (as identified by the client) is identified as “Tract D-3”, drainage and landscape area. The subject is a portion of the required space/common area for the subdivision. Based on the overall site plan, the space/common area is comprised of approximately 7.760 acres of space/common area. The platted tracts (Tract D-3, Tract C2, Tract C-3, Tract D-4) consist of 7.760 acres and are considered common areas for the purposes of this appraisal assignment. The common area is under common ownership and has a unity of use.

The easements will impact pedestrian sidewalks and a drainage structure located within the extreme northwest corner of the property. Based upon the design plans provided to the appraiser, within the vicinity of the subject, the pipeline will be installed by directional drilling (surface will not be disturbed). The plans indicate that the water line will be installed subsurface approximately 25 feet in depth within the vicinity of the drainage structure. It is anticipated that the improvements will not be impacted during construction. Any sidewalks which is disturbed during construction will be replaced/repaired by project contractor. Therefore, this analysis will address land only.

EXPOSURE TIME
Exposure time is a retrospective opinion based on an analysis of past events assuming a competitive and open market. The exposure time for the subject property has been estimated to be 6 - 12 months. This is contingent upon the property being listed at a reasonable asking price, within the acceptable real estate industry ranges.

Site Analysis
The subject is a 3.350-acre tract located at the southeast intersection of Detour Road and Hughes Road. This location is for the parent tract as provided by the client and does not represent the actual location of the Hypothetical Parent Tract. The Hypothetical Parent Tract is the “common areas” Parcel B Scenic Terrace South’s Phase 2 and are located in various areas of the development.
The subject is a portion of the Scenic Terrace South Planned Unit Development which contains
28.24 acres and is platted for 119 residential lots. The proposed permanent easement (2018 PE) and the temporary construction easement (2018 TCE) will not impact the residential lots platted within Parcel B Scenic Terrace South Phase 2 development. The proposed acquisition will only impact the proposed “common areas” within the development. As such, the parent tract has been abbreviated (or expanded) to include the “common area” within Parcel B Scenic Terrace South Phase 2 development. Per the Polk County Property Appraiser, the common areas contain 7.760± acres and represent 27% of the total development (28.24 acres). This area (7.760 acres) represents the “hypothetical” parent tract.
Please refer to the Site Summary and Analysis Chart on the following page.

Location

Physical Description

SITE SUMMARY AND ANALYSIS
The property is located at the southeast intersection of Detour Road and Hughes Road, approximately 515' west of Hughes Road intersection with Peony Place. Peony Place is the main entrance to the Scenic Terrace South subdivision, for which the subject represents the westerly common areas for the development.

Gross Site Area*	7.760 AC	338,026 Sq. Ft.
*Hypothetical Parent Tract containing the Total Common Area of the Calabay Crossing.

Access/Frontage

Shape Topography County Tax ID

Detour Road and Hughes Road - (Hypothetical Parent Tract)
Irregular - (Hypothetical Parent Tract) Generally Level
27-28-10-822212-011180 (additional parcels listed
in 'Tax and Assessment Data')

Flood Map Panel No. & Date	12105C0390G	12/22/16
Flood Zone	Zone X - (Hypothetical Parent Tract)

Utilities Water Sewer Electricity

Availability Public Public Yes

Other	Yes	No	Unknown
Wetland Areas	X Detrimental Easements	X
Encroachments	X
Deed Restrictions	X

Additional Comments:
The site is near road grade relative to the bordering roadway and has a generally level terrain. The hypothetical site is located within Zone X (unshaded), an area determined to be outside of the 500-year floodplain. Per the recorded plat and deed restrictions, the parent tract is restricted for common area (drainage, retention & open space area).
The Town of Lake Hamilton provides public water and sewer within the immediate area. The property is zoned PUD (Planned Unit Development) and has a land use designation Residential Lands.

IMPROVEMENTS ANALYSIS
The property is identified as “Tract D-3” and consist of drainage/landscaping area associated with Parcel B Scenic Terrace South Phase 2. The easements will impact pedestrian sidewalks and a drainage structure located within the extreme northwest corner of the property. Based upon the design plans provided to the appraiser, within the vicinity of the subject, the pipeline

will be installed by directional drilling (surface will not be disturbed). The plans indicate that the water line will be installed subsurface approximately 25 feet in depth within the vicinity of the drainage structure. It is anticipated that the improvements will not be impacted during construction. Any sidewalks which is disturbed during construction will be replaced/repaired by project contractor. Therefore, this analysis will address land only.

Zoning & Tax Assessment Data

ZONING

ZONING SUMMARY

Current Zoning	PUD; Planned Unit Development
Legally Conforming	Yes
Uses Permitted	Principal uses permitted shall include single- family residential units. Other permitted uses include home occupations, recreation areas, and ancillary accessory uses. Detached accessory residential units may be permitted in conjunction with an owner-occupied principal single-family residence.

Zoning Change	Not Probable

Source: Planning & Zoning Dept.

The property is located within Lake Hamilton and is subject to the Lake Hamilton zoning and land use requirements. The property has a zoning designation of PUD, “Planned Unit Development” and a future land use designation of Residential Lands.
PUD district principal uses permitted shall include single-family residential units. Other permitted uses include home occupations, recreation areas, and ancillary accessory uses. Detached accessory residential units may be permitted in conjunction with an owner-occupied principal single-family residence.
Minium site development requirements can vary within the PUD district based off the lot width. The following are the minimum site development requirements:
Min Lot Size:	4,400-5,500 SF
Min Lot Width (street frontage):	40-50 Feet
Min Front Setback	18 Feet
Min Side Setback	5 Feet
Min Rear Setback	10 Feet
It is my opinion that a rezoning of the subject property is not probable. The existing zoning/land use designation allows for residential development which is compatible with the neighborhood and surrounding development.
Per the recorded plat and deed restrictions, the parent tract is restricted for common area (drainage and landscaping).

ASSESSMENT DATA

AD VALOREM TAX INFORMATION

Assessor's Parcel No.	Project Parcel No.		2024		
27-28-10-822212-011180	2018		$0		
27-28-10-822212-011190	N/A		$0		
27-28-10-822212-011150	N/A		$0		
27-28-10-822212-011140	N/A		$0		

General Tax Rate (per $1,000 A.V.)			
20.5493		
General Tax:			$0.00		
Special Assessments:			$0.00		
Total Taxes			$0.00		
Source: Polk County Tax Collector
The tax information pertains to the Parent Tract established by the client. It does not represent the tax information pertaining to the Hypothetical Parent Tract which consist of the “common areas” associated with Scenic Terrace South containing 7.760 acres.

The dedicated area of the subject is tax exempt. As of the date of the appraisal, there are no delinquent real estate taxes.

Highest and Best Use
In appraisal practice, the concept of highest and best use represents the premise upon which value is based. The four criteria the highest and best use must meet are:
physically possible; legally permissible; financially feasible; and maximally productive.
The highest and best use analysis of the subject is discussed below.

AS VACANT
Physically Possible
The subject is a portion of the Scenic Terrace South Planned Unit Development which contains
28.24 acres and is platted for 119 residential lots. A hypothetical parent tract will be utilized which will include the entire “common areas” within the southerly portion of Scenic Terrace South’s Phase 2 development. Per the Polk County Property Appraiser, the common areas contain an estimated 7.760± acres. The size, shape, topography, and location of the subject site is adequate to allow for a variety of potential uses. A residential subdivision (including common areas) is a physically possible under the current zoning classification and site development requirements.
There are no topographical features (elevations or depressions) which would physically hinder the potential development of the hypothetical parent tract. According to FEMA, the site is not located within a designated flood area which would hinder the highest and best use of the site (open/common area). The overall larger development has adequate frontage along Detour Road and Huges Road which would allow for suitable access to the site. Public water and sewer are available within the area and there are no known physical impacts that would prevent the subject from tapping into the adjacent public infrastructure.
There are no known physical characteristics which would restrict potential development of the subject parcel. Per the recorded plat and deed restrictions, the parent tract is restricted for common area/drainage and landscape area. Residential development (subdivision) is considered a physically possible use of the subject property. More specifically, “common areas” for the hypothetical parent tract.
Legally Permissible
The property is located at the southeast intersection of Detour Road and Hughes Road, approximately 515' west of Hughes Road intersection with Peony Place. within the Lake Hamilton area of Polk County. The property is located within Lake Hamilton and is subject to the Lake Hamilton zoning and land use requirements. The property has a zoning designation of PUD, “Planned Unit Development” and a future land use designation of Residential Lands. The subject property meets all minimum lot requirements under the “PUD” zoning and “Residential Land” land use designation. Based upon the current level of service and roadway classification of Detour Road, a change in the existing zoning and future land use designation of the subject property was not considered probable. The site is currently zoned for residential uses, which is compatible with surrounding development. Residential development is legally permissible per the Polk County Zoning and Land Use Plan.
According to the Flood Insurance Rate Map the larger development and common areas lie within Flood Zone X. The existing flood zone does not impact the utility of the common areas.

Houses within the proposed Scenic Terrace South development will have public water and sewer services. There are no known moratoriums which would prevent the subject from tapping into the public infrastructure. Per the recorded plat and deed restrictions, the parent tract is restricted for common area/drainage, retention and open space area. Residential development is considered legally permissible (including common areas).
Financially Feasible
The determination of financial feasibility is dependent primarily on the relationship of supply and demand for the legally probable land uses versus the cost to create the uses. The subject is a portion of the Scenic Terrace South Planned Unit Development which contains 28.24 acres and is platted for 119 residential lots. The parcel maintains adequate physical characteristics to support a single-family residential use. The surrounding land uses consist primarily of residential uses with the immediate area being residential in nature and there are very few vacant sites available. Based upon short marketing times and low vacancy rates, there appears to be a stable market for residential endeavors within the immediate neighborhood. It was considered to be economically (financially) feasible to develop the subject property under a residential use, as permissible by the “RPUD” zoning/land use classification.
Maximally Productive
The test of most profitable is applied to the potential uses that have passed the first three tests of legally permissible, physically possible and financially feasible. The use that produces the highest residual land value is the highest and best use. The existing zoning and land use designation allow for a single-family residential development. The subject property is in a location, which is residential in nature. Therefore, a single-family residential use which is compatible with surrounding development and was considered to be the most profitable use of the site. A comparison within the financially feasible analysis indicates that a residential use is the most profitable use.
AS IMPROVED
This analysis addresses “Land Value and Affected Improvements” only. Therefore, the highest and best use “as improved” is not applicable to this appraisal problem.

HIGHEST AND BEST USE CONCLUSION
Land as Vacant
The highest and best use “as vacant” would be for common area in conjunction with the residential subdivision, consistent with the existing zoning and future land use.
Property as Improved
Not Applicable.

Land Value
Per information provided by the client, the subject is a residential parcel located along the easterly side of Detour Road which contains 3.350 acres. However, the site is a portion of the larger proposed “Scenic Terrace South” residential subdivision, which includes multiple non- contiguous dedicated Tracts under common ownership and adjacent lots under different ownership. It should be noted that the subject is a portion of Phase 2 for “Scenic Terrace South. Phase 2 of the development is split between the northerly and southerly side of Hughes Road. The southerly portion of the development contains 28.24 acres and is platted for 119 residential lots.
The proposed PRWC easements will impact an area identified as Tract D-3 which is a drainage/landscaped area along the easterly side of Detour Road. This is considered “common area” for the subdivision. The proposed permanent easement (2018 PE) and temporary construction easement (2018 TCE) will not impact the residential lots platted within the Scenic Terrace South development. The proposed acquisitions will only impact the “common area” located along the easterly side of Detour Road. Since the easements only impact “common areas”, a hypothetical parent tract has been expanded to include the entire “common areas” within the southerly portion of Parcel B Scenic Terrace South’s Phase 2 development. Per the Polk County Property Appraiser, the common areas contain 7.760± acres.
The scope of this appraisal involved utilizing a Sales Comparison Approach in estimating the market value for the land located within the common areas of Scenic Terrace South. Common areas (which will be impacted by the PRWC easements) are considered to contribute a portion of the value to the lots in a residential subdivision development. These common areas include roads, sidewalks, landscaped areas, wetlands, buffer areas, and retention ponds. Data collected within the local market was considered similar to the subject property with regard to the Highest and Best Use. The subject property will be valued based upon the adjacent property’s price per square foot of typical Scenic Terrace South residential lots and a calculated percentage contribution applied.
The following table summarize the comparable data (similar residential lots) used in the valuation of the residential lots located within Scenic Terrace South. A detailed description of each transaction is included in the addenda.

SUMMARY OF COMPARABLE LAND SALES

No.	
Property Location	Transaction
Type	Date	Actual Sale
Price	Size
(SF)	Price Per
Lot	Adj. Price Per
Lot	
1	355 Villa Sorrento Circle Haines City, FL 33844	Sale	Sep-24	$50,000	6,098	$50,000	$50,000	
2	383 Adams View Lane Auburndale, FL 33823	Sale	May-24	$80,000	8,751	$80,000	$68,000	
3	485 Adams View Lane Auburndale, FL 33823	Sale	Aug-23	$95,000	8,403	$95,000	$80,750	
4	5237 Pebble Beach Blvd. Winter Haven, FL 33884	Sale	Oct-22	$80,000	6,000	$80,000	$72,000	
5	5260 Green Drive Winter Haven, FL 33884	Sale	Jun-22	$55,325	7,405	$55,325	$49,793	
*Subject	Poppy Avenue,	---	---	---	338,026	---		
Lake Hamilton, Florida

*Actual size of hypothetical parent tract (common areas); average lot size of associated Scenic Terrace South subdivision vary. The typical SFR lots average approximately 6,000 square feet (119 proposed SFR lots roughly 52.5’ x 115’).

LAND VALUE CONCLUSION
The sales reflect an unadjusted range of $50,000 - $95,000 per lot. Adjustments for comparability were made to the sales to derive an “Adjusted” unit value range from $49,793 -
$80,750 per lot. Research was conducted on the subject development (Scenic Terrace South) with regard to vacant sales within the development. However, Scenic Terrace South sold improved residences and not individual vacant lots. However, based upon “Public Information” collected by the appraiser of the bulk lot sales to residential developers. Although these bulk lot transactions were not verified by the appraiser, they appear a takedown schedule agreement with Starlight Homes Florida, LLC.
To arrive at an indication of value, I have considered each of the comparable sales and their characteristics and qualities as they relate to the subject. Each of the comparables was given consideration in reaching the final value conclusion of $75,000   per lot.
Correlation
The proposed PRWC easements will partially impact the open area along Detour Road identified as “Tract D-3”. This is considered “common area” for the subdivision. The easements will not impact any of the proposed platted residential lots. Since the easements only impact “common areas”, a hypothetical parent tract has been abbreviated (or expanded) to include the entire “common areas” within the southerly portion of Scenic Terrace South’s Phase 2 development. Per the Polk County Property Appraiser, the common areas contain 7.760± acres.
From the correlated lot value, a per square foot price can be estimated. After this, a contribution/fractional value for the subject property being appraised will be estimated using the price per square foot value. An analysis was completed that estimates the percentage value attributable for the ancillary uses or “common areas”. It is estimated these areas contribute 20%
- 40% of the fee value of the residential lots that sell within a subdivision community and varies dependent on the amenity features of that subdivision. This 20% - 40% is based on analyses located within my files. I have estimated 35% for the subject. The price per lot will be multiplied

by 35% to estimate the value of the property being appraised. Based on the overall number of approximately 119 developable lots within the southerly portion of Scenic Terrace South’s Phase 2 development, compared to the estimated overall 28.24± AC of land, this would allow
4.21 units per acre (accounts for common area), indicating a value of $316,050 (Rounded) per acre. ($316,050 /AC = 119 lots x $75,000  /lot divided by 28.24 AC).
Contribution Value for Common Areas
$316,050 /AC × 35% = $110,650 /AC (rounded) or $2.54 /SF Based on the preceding analysis, the land value conclusion follows:

CONCLUDED LAND VALUE
Unit Value		SF		Total	
$2.54	x	338,026	=	$858,586	
Indicated Value:		(Rounded)		$858,600	
		Converted Price per SF		$2.54	
Compiled by CBRE					

This valuation represents the value of the Hypothetical Parent Tract which consists of the total “common area” associated with the Scenic Terrace South development.

IMPROVEMENT VALUE
The easement will impact pedestrian sidewalks and a drainage structure located within the extreme northwest corner of the property. Based upon the design plans provided to the appraiser, within the vicinity of the subject, the pipeline will be installed by directional drilling (surface will not be disturbed). The plans indicate that the water line will be installed subsurface approximately 25 feet in depth within the vicinity of the drainage structure. It is anticipated that the improvements will not be impacted during construction. Any sidewalk which is disturbed during construction will be replaced/repaired by project contractor. Therefore, this analysis will address land only.

FINAL VALUE ESTIMATE
Considering the foregoing analysis with other data discussed throughout this report, it is my opinion that the market value of the hypothetical parent tact, “Land and Affected Improvements” as of November 23, 2024 is:
$858,600

Description and Valuation of Part Acquired
PERMANENT EASEMENT - PARCEL 2018
Description of the Permanent Easement
The proposed acquisition (Parcel 2018-PE) is for a permanent easement containing a total of 5,733 square feet or 0.132 acres.
Parcel 2018 PE is located along the westerly property boundary and is a rectangular shaped parcel which extends a length of approximately 615 feet and a width of approximately 8.91 feet at the northerly end and 10.38 feet at the southerly end. This area is considered “common area” for the subdivision. The easement along the westerly boundary of Tract D-3 will have directional drilling within the drainage and not impact the drainage area in the after. Additionally, any sidewalk impacted by the acquisition will be replace by the roadway contract. Based off the sketch provided by the client it is estimated that the proposed easement impacts the landscaping only. The easements will not impact any of the proposed platted residential lots.
The overall physical characteristics of the part acquired are similar to those of the parent tract as described within the before valuation.
The easements will impact pedestrian sidewalks and a drainage structure located within the extreme northwest corner of the property. Based upon the design plans provided to the appraiser, within the vicinity of the subject, the pipeline will be installed by directional drilling (surface will not be disturbed). The plans indicate that the water line will be installed subsurface approximately 25 feet in depth within the vicinity of the drainage structure. It is anticipated that the improvements will not be impacted during construction. Any sidewalks which is disturbed during construction will be replaced/repaired by project contractor. Therefore, this analysis will address land only.
There is one ARV (air relief valves with associated safety bollards) located at approximately STA No. 2220+63, along the westerly boundary. This is the only non-subsurface improvement located within the easement area and consist of a 3” valve enclosed within a small utility box (per the construction plans provided to the appraiser). The easement is more specifically described as follows:
“The permanent perpetual water line easement interests and rights acquired by PRWC are the exclusive and perpetual right, privilege and authority to construct, install, maintain, operate, inspect, patrol, ingress and egress, test, repair, alter, substitute, relocate, resize, replace and remove the water transmission line or lines and related fixtures and/or appurtenances thereto, and vehicular and pedestrian access over the Easement Area, for the transmission of water and such other improvements as are reasonably necessary in connection with the water supply project for the PRWC.”
Permanent Easement Valuation (Parcel 2018 PE)
Compensation for the land acquired (permanent easement) is based on an allocation from the before unit value indication of $2.54 per square foot and the perceived right taken (expressed as a percentage). The underlying fee owner of the subject property will continue to hold title or ownership of the area of the permanent easement and will continue to pay ad valorem taxes for the encumbered area.
The property owner shall have the right to use the area (subject to the existing easements) within the easement for improved parking areas, improved driveways, and landscaping, (which are not inconsistent with the use of the easement by PRWC). Uses such as, mounded landscaping, building foundations and overhangs, foundations for pole mounted commercial

signage, and other permanent structures and related foundations shall be strictly prohibited. Additionally, the owner shall not have the right to grant other easements to other parties (within the described easement area) without the prior written consent of the PRWC.
It is opined approximately 90% of the value/rights of the underlying fee ownership will be acquired. The valuation of the permanent facilities easement is shown as follows:

VALUATION OF PART ACQUIRED - PERMANENT EASEMENT - PARCEL 2018	PE

Land

Land Value per SF	$2.54		
Easement Area Acquired (SF)	5,733		
Percent Fee Acquired	90%		
Value of Part Acquired (Land)	$13,106		
Value of Part Acquired (Land), Rounded
Improvements		$13,150	
Permanent Easement Improvements	$0		
Permanent Easement Improvements, Rounded		$0	
Valuation of the Part Acquired - Permanent Easement		$13,150	
TOTAL VALUE OF PARCEL 2018 PE		$13,150	

Temporary Construction Easement Acquisition – Parcel 2018 TCE Description of the Temporary Construction Easement (TCE)
A temporary construction easement is a short-term encumbrance, where the owner’s land is temporarily utilized by Polk Regional Water Cooperative. Land leases are like TCE’s in that the rights to use and occupy the land are transferred by the owner to another for a specified period in return for a specified rent. The client has indicated a 60-month term for the proposed TCE.
The TCE is being acquired for the purpose of construction staging and maneuvering during the installation of the underground water lines. The TCE’s contain a total of 3,729 square feet.
Parcel 2018 TCE consist of an rectangular shaped strip of land, containing 3,729 square feet located adjacent to the east of the permanent easement. The easement along the westerly boundary of Tract D-3 will have directional drilling within the drainage and not impact the drainage area in the after. Additionally, any sidewalk impacted by the acquisition will be replace by the roadway contract. Based off the sketch provided by the client it is estimated that the proposed easement impacts the landscaping only. This is considered “common area” for the subdivision. The easements will not impact any of the proposed platted residential lots.
Rate of Return:
Typically, such leases are based on a percentage of the underlying land value. The typical rate of return on land leases is generally in the range of 5% -10% of the land value on an annual basis. A variety of factors can affect this such as alternative investment returns, interest rates, tenant financial position, contractual terms, etc., but this is a reasonable range. I will utilize the upper limit of 10% for my calculation.

Discount Rate:
The ‘rent’ will be paid up front by Polk Regional Water Cooperative in a lump sum. To provide this calculation, future cash flows are discounted in advance at an appropriate rate to reflect time and risk. PRWC will provide full payment of the TCE upfront in a lump sum with no need for a calculation of a risk premium. The Five-Year US Treasury Constant Maturity is an index published by the Federal Reserve based on the average yield of range of Treasury securities. Treasury securities are generally considered risk free, since they are backed by the US government. Using this rate is a reasonable method of deriving an appropriate discount rate. The current rate is 4.300% and will be utilized for this analysis. Compensation for the TCE land is based on an allocation from the before unit value indication of $2.54 per square foot.
The following is the computation for the Temporary Construction Easement. Land Value:
LAND VALUATION OF TEMPORARY CONSTRUCTION EASEMENT	TCE	
Pertinent Data for Computing TCE		
[1] Fee Value / SF	$2.54	
[2] Rental Rate	10%	
[3] Area of Easement (SF)	3,729	
[4] Computed Discount Factor	54.0951	
[5] Treasury Maturity	4.300%	
[6] Discount Rate	4.300%	
[7] Length of Easement (Months)
Computations	60	
[8] Fee Value: [3] x [1]	$9,471.66	
[9] Rate of Return per Month: [8] x ([2]/12)	$78.93	
[10] Total Compensation: [9] x [4]	$4,269.73	
Rounded	$4,300	
Compiled by CBRE		

TOTAL LAND VALUE PARCEL 2018 TCE	$4,300
Total Value of the Temporary Construction Easement

VALUATION OF PART ACQUIRED - PARCEL 2018 TCE

Land
Land Value of TCE		$4,270
Value of Part Acquired (Land), Rounded	$4,300 Improvements
Temporary Easement Improvements	$0		
Temporary Easement Improvements, Rounded		$0	
Valuation of the Part Acquired - Temporary Easement		$4,300	
Compiled by CBRE			

Valuation of Remainder as Part of Whole Property/Remainder
The value of the whole property less the value of the part acquired equals the value of the remainder property as part of the whole. The following is that estimated value:

REMAINDER AS PART OF WHOLE
	Land	Improvements	Total	
Before Value		$858,600	$0	$858,600	
Less, Value of Part Taken - Permanent Easement	2018	$13,150	$0	$13,150	
Less, Value of Part Taken - TCE	2018	$4,300	$0	$4,300	
*Remainder as Part of Whole		$845,450	$0	$845,450	
Compiled by CBRE					

*The “Remainder as Part of Whole” calculation does not include the compensation for the “Land” paid for within the Temporary Construction Easement as this area becomes unencumbered within the remainder situation (at the termination of the easement).

ANALYSIS OF DATA AND CONCLUSIONS – THE REMAINDER
The purpose of the remainder appraisal is to provide an opinion of the market value of the remainder property, assuming the permanent easement has been acquired, the water pipeline has been constructed, and the temporary construction easement (TCE) has been terminated. This represents a “Hypothetical Condition’ necessary for the purposes of reasonable valuation.
From the “Before Valuation”, the “Valuation of the Part Taken” has been estimated, in order to derive the “Value of the Remainder as Part of the Whole”. The purpose of the remainder value is to estimate its market value to discover if there are any damages or special benefits caused by the proposed acquisition.

HIGHEST AND BEST USE ANALYSIS OF REMAINDER
There was no “Fee Taking” from the parent tract and the acquisition represents a “partial interest” taking for a permanent easement. The remainder is considered “common area” for the subdivision. The easement along the westerly boundary of Tract D-3 will have directional drilling within the drainage and not impact the drainage area in the after. Additionally, any sidewalk impacted by the acquisition will be replace by the roadway contract. Based off the sketch provided by the client it is estimated that the proposed easement impacts the landscaping only. The easements will not impact any of the proposed platted residential lots.
The remainder property maintains similar size, shape, access and other physical characteristics in comparison to the before condition, although now encumbered by a permanent utility easement.
There were no changes for the highest and best use of the remainder in the after condition as a result of the easement acquisition.

LAND VALUATION FOR REMAINDER
The hypothetical remainder property is encumbered by a permanent easement. An underground “water” pipeline will be placed within the permanent easement. The remainder valuation considers any value impacts to that portion of the property encumbered by the new easement(s).
The proposed easement is located along within the westerly portion of the site adjacent to Detour Road. In the before condition, the hypothetical parent tract consisted of the “common areas” associated with Parcel B Scenic Terrace South Phase 2 development. The PRWC easements are located along the westerly boundary, which is customary of this type of utility easement, and is within required development setback areas. The impacted area is identified as “Tract D-3” and consist of drainage and landscaping area associated with Scenic Terrace South. The easements will not impact any of the developable lots within the subdivision. The easement along the westerly boundary of Tract D-3 will have directional drilling within the drainage and not impact the drainage area in the after. Additionally, any sidewalk impacted by the acquisition will be replace by the roadway contract. It has been concluded that the remainder property will retain similar utility/overall development potential under a residential development use, in comparison to the before condition (although with a minor utility encumbrance within the westerly portion of the site). The same comparable sales and correlated unit value of $2.54 per square foot utilized within the before valuation continues to be applicable for the valuation of the remainder property. The value of the remainder land is calculated as follows:

CONCLUDED REMAINDER LAND VALUE
$ per SF		Subject Area				Total	
Unencumbered							
$2.54	x	332,293	x	100%	=	$844,024	
Encumbered							
$2.54	x	5,733	x	10%	=	$1,456	
Indicated Value:						$845,480	
Rounded To:						$845,500	
Compiled by CBRE							
This valuation represents the value of the Hypothetical Parent Tract which consists of the total “common area” associated with the Scenic Terrace South development.

FINAL CONCLUSION OF MARKET VALUE OF THE REMAINDER TRACT
Considering the foregoing analysis with other data discussed throughout this report, it is my opinion that the market value of the hypothetical remainder property “land only” as of November 23, 2024 is:
$845,500

SEVERANCE DAMAGES
The proposed easement is located along within the westerly portion of the site adjacent to Detour Road. In the before condition, the hypothetical parent tract consisted of the “common areas” associated with Scenic Terrace South. The PRWC easements are located along the westerly boundary, which is customary of this type of utility easement, and is within required development setback areas. The impacted area is identified as “Tract D-3” and consist of drainage and landscaping area associated with Scenic Terrace South. The easements will not impact any of the developable lots within the subdivision. The easement along the westerly boundary of Tract D-3 will have directional drilling within the vicinity of the drainage improvements and not impact the drainage area in the after. Additionally, any sidewalk impacted by the acquisition will be replace by the roadway contractor. It has been concluded that the remainder property will retain similar utility/overall development potential under a residential development use, in comparison to the before condition (although with a minor utility encumbrance within the westerly portion of the site).
The easement is required for the construction and maintenance of an underground “water” pipeline. There is one ARV (air relief valves with associated safety bollards) located at approximately STA No. 2220+63, along the westerly boundary. This is the only non-subsurface improvement located within the easement area and consist of a 3” valve enclosed within a small utility box (per the construction plans provided to the appraiser). These utility boxes are common for infrastructure improvements along the roadway and were not considered to adversely impact the development potential of the remainder site.
The overall “Southeast Wellfield and Water Production” project was considered to be a “general” benefit to the immediate project neighborhood. No severance damages are anticipated to accrue as a result of the acquisition of the permanent easement.

SEVERANCE DAMAGES

Land	Improvements		Total Remainder as Part of Whole		$845,450		 $0	 $845,450 Less, Remainder Value	 $845,450		$0	$845,450  Severance Damages			$0		$0			$0

COST TO CURE:
A cost to cure was not required.

SUMMARY OF COMPENSATION

SUMMARY OF COMPENSATION		
Partial Acquisition		
[1] Before Property	$858,600	
[2] Part to be Acquired (Land/Improvements)	$13,150	
[3] Remainder (As Part of Whole)	$845,450	
[4] Remainder (Appraised, Uncured)		$845,450	
[5] Damages (Total, Uncured)	$0	
[6] Special Benefits	$0	
[7] Damages	$0	
Summary of Compensation - Partial Acquisition (PE)	2018 PE	
Part Taken		
Land	$13,150	
Improvements		$0	
Part to be Acquired (Land/Improvements)	$13,150	
Damages, Incurable	$0	
Cost to Cure, Net, or Minor		$0	
Total Compensation	$13,150	
Summary of Compensation - Partial Acquisition (TCE)	2018 TCE	
Part Taken		
Land (TCE)	$4,300		
Improvements		$0		
Part Acquired (Land/Improvements)	$4,300		
Damages, Incurable	$0		
Cost to Cure, Net, or Minor		$0		
Total Compensation	$4,300		
TOTAL COMPENSATION	$17,450		
Compiled by CBRE			

Assumptions and Limiting Conditions
The legal description furnished is assumed correct.
No responsibility is assumed for matters legal in character and no opinion is rendered of the title, which is assumed good and marketable. Unless otherwise noted, any existing liens or encumbrances have been disregarded and the property is appraised as though free and clear under responsible ownership and competent management,
Any plot plan or sketch in this report is included to assist the reader in visualizing the property.
The soil of the area under appraisement appears to be firm and solid, unless otherwise stated within the report. A professional soil analysis was not provided and has not been performed and therefore, this report does not warrant the site is free of contamination. Subsidence in the area is unknown or uncommon but the appraiser does not warrant against this condition or occurrence. No responsibility is assumed for damages by wood boring insects.
Certain data used in compiling this report was furnished to the appraiser from sources that are considered reliable; the correctness of such data, however, is not guaranteed, although as far as is reasonably possible, the data has been checked and is believed to be correct.
The appraiser, by reason of this report, is not required to give testimony in court with reference to the property appraised nor is he obligated to appear before any governmental body, board or agent unless prior arrangements have been made.
Possession of this report, or copy thereof, does not carry with it the right of publication or reproduction. This report may not be used by anyone but the applicant without the prior written consent of the applicant and the appraiser, and in any event only in its entirety.
No professional analysis of radon gas, asbestos or lead based paint has been provided. Therefore, this report does not warrant the site is free of contamination of these or other hazards.
Disclosure of the contents of this Appraisal Report is governed by the By-Laws and Regulations of the Appraisal Institute. Neither all nor any part of the contents of this report (especially any conclusions as to value, the identity of the appraiser or the firm with which he is connected, or any reference to the Appraisal Institute or to the MAI designation) shall be disseminated to the public through advertising media, public relation media, news media, sales media or any other public means of communication without prior written consent and approval of the undersigned.
This appraisal is prepared using the public information from Polk County. The information used is the best available at the time of appraisal preparation. If additional information is made available, and determined to be more accurate, the areas utilized within this analysis could change.

EXTRAORDINARY ASSUMPTIONS
An extraordinary assumption is defined as “an assignment-specific assumption as of the effective date regarding uncertain information used in an analysis which, if found to be false, could alter the appraiser’s opinions or conclusions.”4
	This analysis will consider an across-the-fence valuation scenario (ATF). Whereby, the subject property is "associated" and valued based upon price per square foot of the potential Scenic Terrace South lots as the subject property cannot be developed as a stand-alone parcel. The subject property will utilize a valuation process partially based upon the typical Scenic Terrace South lot’s price per square foot.
	The easement will impact pedestrian sidewalks and a drainage structure located within the extreme northwest corner of the property. Based upon the design plans provided to the appraiser, within the vicinity of the subject, the pipeline will be installed by directional drilling (surface will not be disturbed). The plans indicate that the water line will be installed subsurface approximately 25 feet in depth within the vicinity of the drainage structure. It is anticipated that the improvements will not be impacted during construction. Any sidewalk which is disturbed during construction will be replaced/repaired by project contractor. The appraiser reserves the right to amend this opinion of value if contradictory information is provided to the appraiser.

HYPOTHETICAL CONDITIONS
A hypothetical condition is defined as “a condition, directly related to a specific assignment, which is contrary to what is known by the appraiser to exist on the effective date of the assignment results but is used for the purposes of analysis.”5

	The purpose of the remainder appraisal is to provide an opinion of the market value of the remainder property after the taking, assuming the improvements associated with the proposed project have been completed.
	The PRWC easements will impact “Tract D-3” which is considered “common area” for the subdivision. The proposed permanent easement (2018 PE) and the temporary construction easements (2018 TCE) will not impact the residential lots platted within the Scenic Terrace South development. The proposed acquisition will only impact the proposed “open areas” within the development. As such, the parent tract has been abbreviated (or expanded) to include the entire “common areas” within the southerly portion of Scenic Terrace South’s Phase 2 development. Per the Polk County Property Appraiser, the common areas contain 7.760± acres and represent 27% of the total development (28.24 acres). This is a hypothetical condition.

The use of an extraordinary assumption or hypothetical condition may have affected the assignment results.

The Appraisal Foundation, USPAP, 2024
The Appraisal Foundation, USPAP, 2024

ADDENDA

ADDENDA

Addendum A

LEGAL DESCRIPTION OF PROPOSED
ACQUISITION

A parcel of land being a portion of Tract D-3, of the plat of SCENIC TERRACE SOUTH PHASE 2, recorded in Plat Book 197, Pages 33 through 37, and described in Official Records Book 13269, Pages 307 through 311, both of the Public Records of Polk County, Florida, located in Section 10, Township 28 South, Range 27 East, being more particularly described as follows:

BEGIN at the Southwest corner of said Tract D-3; thence North 00°34'01" West, along the West line of said Tract D-3, also being the East right-of-way line of Detour Road according to said plat of SCENIC TERRACE SOUTH PHASE 2, a distance of 612.11 feet to the Northwest corner of said Tract D-3; thence North 68°07'43" East, along the North line of said Tract D-3, also being the Southerly maintained right-of-way of Hughes Road as depicted in Map Book 9, Pages 12 through 30, Public Records of Polk County, Florida, a distance of 8.91 feet; thence South 00°45'38" East, 615.31 feet to the South line of said Tract D-3; thence South 89°13'21" West, along said South line, 10.38 feet to the POINT OF BEGINNING. Said parcel containing 5,732.56 square feet, more or less.

I hereby certify that this Description with Sketch was made under my direction and was made in accordance with Standards of Practice adopted by the State of Florida Department of Agriculture and Consumer Services, Board of Professional Surveyors and Mappers, Chapter 5J-17 of the Florida Administrative Code, pursuant to Section 472.027, Florida Statutes.

JEFFREY P. AMMERMANN, P.S.M. FLORIDA REGISTRATION PSM 7388
JAMMERMANN@CHASTAINSKILLMAN.COM
THIS ITEM HAS BEEN DIGITALLY SIGNED AND SEALED BY THE ABOVE SURVEYOR ON THE DATE ADJACENT TO SEAL. ANY SIGNATURE MUST BE VERIFIED ON ANY ELECTRONIC COPIES. PRINTED COPIES OF THIS DOCUMENT ARE NOT CONSIDERED VALID WITHOUT A RAISED SEAL.

This is not a Boundary survey.
Bearings are based on the West line of Tract D-3 as depicted on the plat of Scenic Terrace South Phase 2, recorded in Plat Book 197, Pages 33 through 37, Public Records of Polk County, Florida, being North 00°34'01" West.
See sheet 1 of 2 for description, certification, and surveyor's signature and seal.

			

A parcel of land being a portion of Tract D-3 of the plat of SCENIC TERRACE SOUTH PHASE 2, as recorded in Plat Book 197, Pages 33 through 37, and described in Official Records Book 13269, Pages 307 through 311, both of the Public Records of Polk County, Florida, located in Section 10, Township 28 South, Range 27 East, being more particularly described as follows:

COMMENCE at the Southwest corner of said Tract D-3; thence North 89°13'21" East, along the South line of said Tract D-3, a distance of
10.38 feet to the POINT OF BEGINNING; thence North 00°45'38" West, 372.92 feet; thence North 89°41'10" East, 10.00 feet; thence South 00°45'38" East, 372.84 feet to the South line of said Tract D-3; thence South 89°13'21" West, along said South line, 10.00 feet to the POINT OF BEGINNING. Said parcel containing 3,728.78 square feet, more or less.

I hereby certify that this Description with Sketch was made under my direction and was made in accordance with Standards of Practice adopted by the State of Florida Department of Agriculture and Consumer Services, Board of Professional Surveyors and Mappers, Chapter 5J-17 of the Florida Administrative Code, pursuant to Section 472.027, Florida Statutes.

JEFFREY P. AMMERMANN, P.S.M. FLORIDA REGISTRATION PSM 7388
JAMMERMANN@CHASTAINSKILLMAN.COM
THIS ITEM HAS BEEN DIGITALLY SIGNED AND SEALED BY THE ABOVE SURVEYOR ON THE DATE ADJACENT TO SEAL. ANY SIGNATURE MUST BE VERIFIED ON ANY ELECTRONIC COPIES. PRINTED COPIES OF THIS DOCUMENT ARE NOT CONSIDERED VALID WITHOUT A RAISED SEAL.

This is not a Boundary survey.
Bearings are based on the West line of Tract D-3 as depicted on the plat of SCENIC TERRACE SOUTH PHASE 2, recorded in Plat Book 197, Pages 33 through 37, Public Records of Polk County, Florida, being North 00°34'01" West.
See sheet 1 of 2 for description, certifications, and surveyor's signature and seal.

			

			

EXHIBIT

NUMBER

DATE

DESCRIPTION

	

	

	

	

	

	

	

	

CHASTAIN-SKILLMAN 205 EAST ORANGE STREET
SUITE #110
LAKELAND, FL 33801-4611
(863) 646-1402

c 2024 CHASTAIN SKILLMAN	C.A. NO. 262

PRWC

SCENIC TERRACE SOUTH COMMUNITY DEVELOPMENT DISTRICT
EXHIBIT

FIELD BY:
N/A

DATE: 11/20/2024
FIELD BOOK & PAGE:
N/A

CS PROJECT NUMBER:
8825.03

PARCEL NUMBER:
2018

SHEET NUMBER: V-01

Addendum B

PERMANENT EASEMENT DESCRIPTION

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EE EXHIBIT·- -, :A.TT .CHED
(tbe '"Easement	m1"1

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Th,,c Fil.ll.l!rn:m pei.rpelutd \1111ttr �  E� �meat•  t<:resrs and ri_ h s  .qu�   1
PRliV e tho: ,ex.clusi.v,c:and pt:t'p�·tu& ri t. priviti: e and a t1,th.ot1:ity l>O com�u,,1,;:t. inst.tH, maintain, opi:l"atia, ifl5pci;1, patrol. in,c-:;�s and �. ��5, tc,t, Npair. ailcr. snbsrirute. relocate. resi2!e..ri=-pl:ace au.d rel.lll.Ove the •ateil.r"ram,m.issfon line or lw.�
and rdat.ed fi.xn.li'� a11d•or appurtemmces 11le1'eto. ;;uid 1,ehicular ancl pede�hi:a11 a e ss m,er 1:he E-t!.-.e1t1enr Are. . fo th.e tra11 ni�-;ion of \\i.111er and �11ch other i111p1'.'m-eruirnt!. ru. 1:1re tie::ISQI'.l!ibly 1'I es�::1ey iii 011:11.e 1io11 w-i1h inte \\"alet ttpply proj� f for d1t PRW

111 the e\"enr thal the on�rm "tiorL and imtaU�tion of rJie wate:I!' 1rn11,;.mi�ioll liiie OJ/' lin � fill,d rel�t!d fixture ilfl.d or appw1e11ru.1c,e� tJi.erefo impac.t Own s i:tnpro\i'-e1i1e1U!oi. PR.'1 C �halL 10 the e-x:re11t pm 1i ab1e_ relo �te or n-=pb e wid1 tlie 1'�JU�. lik . ot ettcr q_\1aliry a11d 11t theirori i1 �1 Io atiou.,, or a tear a\ i i:ens.o,wbly
prn ti�abk. aU f'".n�" . tv11.d�. 1-iY w11n, • d, w 1 , pMkin,.. tm;!i . inigativ.n
)'"l,tem... rdl. epti , 11k :tnd  pt'cdrain fidck lb.at PRW dru.11ai;ic(I o:r  u.se oo

be removed. relocated m· replaced from the Easement Area before or dming i.nitial construction and installation of the water transmi�sion line or line, and related fixtures anc or apprntemmces. Fmihe1111ore subject to PRWC's acquired Easement rights. PRWC will restore the surface of all disttubed area, within the Easement Area to its original contour and condition, as near as is reasonably practicable.

This Grant of Easement shall not be comtrued as a grant of 1iglit of way and is limited to a PRWC Easement. Tbe Owner shal.1have the right to use the area subject to the Easement granted hereby, including without limitation for impro,;ed parking areas. improved ckiveways, and landscaping, which are not i.ncomistent wit11 the use of the Easement by PRWC for the pm]JO es granted hereby. Inconsistent improvemems to the u<;e of the Easement by the Ow-i1e.r for the purposes granted hereby. including mounded bndscaping. building fow1dations and overhangs, foundations for pole motlllted commercial signage. and other penuanent sh1.1ctures and relat.:d foundatiom shall be strictly prohibited. With the speci.fic written approval of PRWC. the li.t1.iited use of trees. walls. at1d mounded landscaping may be utilized within the Easement Area by Owner.

4_ Owner shall not have the right to grant other easements to other parties without the prior written coment of the PRWC. In the event tliat PRWC perfom1s emergency related repairs. unscheduled infrnstmcnu·e adjustment activities. or <:cheduled community improvement projects within said Easement Area. PRWC shall be respon,ible for restoring the dishu·bed portions of all ex.isti.ng approved and permitted improvements in as good or better condition that existed prior to the dismrbance activity by PRWC.

This space intentionally .left blar1k; signature pages to foflow

IN WITNESS WHEREOF. the Grnntor ha, set their hand and seal this ---
day of 	.2023.

Signed. s.ealecland delivered

By:

in the presence of:	Gnmtol':

Witness

Printed Name

Witness

Printed Name

STATE OF FLORJDA COUNTY OF POLK

□

The	foregoing	instrument	was	acknowledge	before	me	this			day  of

---�=---· 2023 by 		 ,	who i, personally known or D who has produced	as identification.

(AFFIX NOTARY SEAL)

Nota1y PuMic
State of Florida at Large

Print  rune

My Commission Expires 		_

Addendum C

TEMPORARY CONSTRUCTION EASEMENT
DESCRIPTION

Retwnro:
A.AG,llC
Attm.7
7ll NShe!rillSt 5um,B Tofilpa., Fl. 33609

l'Yoject Name:

P<ll"celNo.:
P=lIDNo.:

P,olk &egjm,.al Wili,r Cooperafu-e
Soufueast 1-Velliield Pl-o_:ect
-PE :md.for-T·CE,
!Jlolk Property A,ppr.i.ser ID)

TEMPORARY COCSTRUCTIO_ EASEll:E.IT

IHLS GR.Al T OF EASEMENT, nrnde tms 	 day of	�
2023 by and between 		 whose address is	_ Grnntor and Polk Re:giollial
"rater· Coope:rati.re,. au iuclepeudent .speda:1 di!str.i:rt of the  rate: of Florida, 330 W.
Churr.h Street, PO Box 9005, Drawer CAOl, Bartow FL 33831, its succ.esso:rs and assigns. Grantee an: Easement in, upon arnd through. the follou,ing described land in the Colli!lty of Polk, State of FJorid.:10• to-wit:.

SEE EXHIBIT«A�and/ or ""B'' ATTACHED
(th.e "'Easement Are.1")

L The Easement i.n:teJesIS and rights .acquired by tire Grantee are the right, privilege and authority to consmict ins.tall, 111ilmtarn, operate, inspect, pat:ml, i.n,g;ress .md egress, test repair, alter ruli>stimte, relocate, reme, replace and remove the water tr.wsmission line or lines and related fi.,,;;tures .and/or appurtemw:ces thereto, and vehicular and pedestrian acc,es	over the easem.ent area, for the transmission of water and such otbe:r impmvem.eots as are reasonably necessary in connection with tbe Grantee's Southeast Wellfield Project
2.  After constrnctjon is complete, the l.1nds ofthe Grantor shall he restored to tihe same, or
as good as, condition as existed before construction began_

3. Within a reasonabJe time after eonstmction ts complete, paving grassed areas and other imprnvem.enl:s will be replaced by the. Grantee.
4. The rights g,ranted herein sball expire upon corn.pletion of c.onstmcticrn within the Easement Area or sixty (60) months from the date thts Easement is established whicbev-er occurs sooner.

IN WI1NESS WHEREOF the Grantor llas set their ll.a!lldand sealibis---
day of 	,2023.

Signed, sealed aud delivered

w:the presence of:

Witnes

By:

Pr.inted Name

Witne.ss Printed _ ame
STATE OF FLORIDA COUNTY OF POLK
The	foregoing	instmment	was	adrnowied_ge	before	me	this			day	of 2023 by 				...,D  who is persooally
known or D,:vho bas produced	 ,,1s: identi.fic::a,tion.

(AFFIX NOTARY SEAL

_ otary Public
State of Florida.al La:rge

Print. ame

My Commission Expfres 		_

Addendum D

LAND SALE DATA SHEETS

•

G

0

k

(;)mapbox

I!;) Mapbox. " OpenStreetMap

Property Name	N/A
Address	355 Villa Sorrento Circle Haines City, FL 33844 United States
Government Tax Agency	Polk
Govt./Tax ID	27-27-17-741007-000280

Site/Government Regulations		

Land Area Net	Acres 0.140	Square feet
6,098	
Land Area Gross	0.140	6,098	

Site Development Status	Platted	
Shape	Rectangular	
Topography	Generally Level	
Utilities	Public Water, Public Sewer, Electric	
Maximum FAR	N/A
Min Land to Bldg Ratio	N/A
Maximum Density	N/A

Frontage Distance/Street	55 ft	Villa Sorrento Circle	
General Plan	N/A
Specific Plan	N/A
Zoning	RPUD; Residential Planned Unit Development
Entitlement Status	N/A
 Sale Summary	
Recorded Buyer	MR. America Export, LLC	Marketing Time	1 Month(s)
True Buyer	N/A	Buyer Type	Private Investor Recorded Seller	A&G Residential Property Solutions, LC	Seller Type	Private Investor
True Seller	N/A	Primary Verification	Gihan Awad (La Rosa Realty, LLC), MLS, Public Records and other sources deemed reliable.

Type Date Sale Price Financing
Cash Equivalent Capital Adjustment
Adjusted Price

Sale	
9/20/2024	
$50,000	
Cash to Seller	
$50,000	
$0	
$50,000	

Interest Transferred	Fee Simple/Freehold Current Use	Vacant Land
Proposed Use	Residential development
Listing Broker	Gihan Awad (La Rosa Realty, LLC)
Selling Broker	N/A
Doc #	13278-0333
 Transaction Summary plus Five-Year CBRE View History				 Transaction Date Transaction Type	Buyer	Seller	Price	Price/ac and /sf
09/2024	Sale	MR. America Export, LLC	A&G Residential Property
Solutions, LC	$50,000	$357,143 / $8.20	

Units of Comparison

$8.20 / sf	N/A / Unit
$357,142.86 / ac	N/A / Allowable Bldg. Units

N/A / Building Area

Financial

No information recorded

Map & Comments

This sale consist of a residential lot located within the Villa Sorrento Subdivision in Haines City. The lot has a width of 55 feet and extends a depth of 110 feet. The neighborhood is zoned RPUD, Residential Planned Unit Development. The property was listed for sale for $60,000, and eventually closed for a recorded sale price of $50,000.

Property Name	Water Ridge Lot Sale
Address	383 Adams View Lane Auburndale, FL 33823 United States
Government Tax Agency  Polk
Govt./Tax ID	25-27-36-305501-001090

Site/Government Regulations		

Land Area Net	Acres 0.201	Square feet
8,751	
Land Area Gross	0.201	8,751	

Site Development Status	Bluetop	
Shape	Rectangular	
Topography	N/A	
Utilities	Public Water, Sewer, Electricity	
Maximum FAR	N/A
Min Land to Bldg Ratio	N/A
Maximum Density	N/A

Frontage Distance/Street	68 ft	Adams View Lane	
General Plan	N/A
Specific Plan	N/A
Zoning	LDR - Low Density Residential
Entitlement Status	N/A
 Sale Summary	
Recorded Buyer	Kelly A Lineberger and John D Lineberger, IV	Marketing Time	6 Month(s) True Buyer	N/A	Buyer Type	Private Investor Recorded Seller	Lisa S. Sebastia and Eduardo Sebastia	Seller Type	Private Investor
True Seller	N/A	Primary Verification	Closing Agent, MLS, Public Records and other sources deemed reliable.

Type Date Sale Price Financing
Cash Equivalent Capital Adjustment
Adjusted Price

Sale	
5/8/2024	
$80,000	
Cash to Seller	
$80,000	
$0	
$80,000	

Interest Transferred	Fee Simple/Freehold Current Use	N/A
Proposed Use	N/A
Listing Broker	Lisa Sebastia - EXP Realty
Selling Broker	Alicia Golotko - Vylla Home
Doc #	13112-2016
 Transaction Summary plus Five-Year CBRE View History				 Transaction Date Transaction Type	Buyer	Seller	Price	Price/ac and /sf
05/2024	Sale	Kelly A Lineberger and
John D Lineberger, IV	Lisa S. Sebastia and
Eduardo Sebastia	$80,000	$398,208 / $9.14	

Units of Comparison

$9.14 / sf	N/A / Unit
$398,208.06 / ac	N/A / Allowable Bldg. Units

N/A / Building Area

Financial

No information recorded

Map & Comments

This sale consist of a residential lot located within the Water Ridge Subdivision in Auburndale. Water Ridge is a gated community with amenities including community clubhouse(s), community swimming pool(s), community sauna(s), community tennis court(s), The lot has a width of 68 feet and extends a depth of 137 feet. The neighborhood is zoned LDR, Low Density Residential. The property was listed for sale for $95,000, and eventually closed for a recorded sale price of $80,000.

Property Name	Water Ridge Lot Sale
Address	485 Adams View Lane Auburndale, FL 33823 United States
Government Tax Agency  Polk
Govt./Tax ID	25-27-36-305501-000840

Site/Government Regulations		

Land Area Net	Acres 0.193	Square feet
8,403	
Land Area Gross	0.193	8,403	

Site Development Status	Platted	
Shape	Rectangular	
Topography	Generally Level	
Utilities	Public Water, Sewer, Electricity	
Maximum FAR	N/A
Min Land to Bldg Ratio	N/A
Maximum Density	N/A

Frontage Distance/Street	61 ft	Adams View Lane	
General Plan	N/A
Specific Plan	N/A
Zoning	LDR - Low Density Residential
Entitlement Status	N/A
 Sale Summary	
JV A Building LLC, a Florida Limited Liability
Recorded Buyer	Company	Marketing Time	8 Month(s)
True Buyer	N/A	Buyer Type	Private Investor Recorded Seller	Jack L. Monroe and Pamela A. Monroe	Seller Type	Private Investor
True Seller	N/A	Primary Verification	Closing Agent, MLS, Public Records and other sources deemed reliable.

Type Date Sale Price Financing
Cash Equivalent

Capital Adjustment Adjusted Price

Sale	
8/15/2023	
$95,000	
Cash to Seller	
$95,000	
$0	
$95,000	

Interest Transferred	Fee Simple/Freehold Current Use	N/A
Proposed Use	N/A
Listing Broker	Indira Shakirova - Keller Williams
Selling Broker	Maria Nerguizian - Align Right Realty Gulf
Coast
Doc #	12806-0003
 Transaction Summary plus Five-Year CBRE View History				 Transaction Date Transaction Type	Buyer	Seller	Price	Price/ac and /sf
08/2023	Sale	JV A Building LLC, a Florida Limited Liability
Company	Jack L. Monroe and Pamela A. Monroe	$95,000	$492,483 / $11.31	

Units of Comparison

$11.31 / sf	N/A / Unit
$492,483.15 / ac	N/A / Allowable Bldg. Units

N/A / Building Area

Financial

No information recorded

Map & Comments

This sale consist of a "water view" residential lot located within the Water Ridge Subdivision in Auburndale. Water Ridge is a gated community with amenities including community clubhouse(s), community swimming pool(s), community sauna(s), community tennis court(s), The lot has a width of 61 feet and extends a depth of 137 feet. The neighborhood is zoned LDR, Low Density Residential. The property was listed for sale for $105,000, and eventually closed for a recorded sale price of $95,000.

Property Name	Residential Lot Sale
Address	5237 Pebble Beach Blvd. Winter Haven, FL 33884 United States
Government Tax Agency  Polk
Govt./Tax ID	26-29-24-690596-002190

Site/Government Regulations		

Land Area Net	Acres 0.138	Square feet
6,000	
Land Area Gross	0.138	6,000	

Site Development Status	Platted	
Shape	Rectangular	
Topography	Generally Level	
Utilities	Public Water, Public Sewer, Electric	
Maximum FAR	N/A
Min Land to Bldg Ratio	N/A
Maximum Density	N/A

Frontage Distance/Street	60 ft	Pebble Beach Blvd.	
General Plan	N/A
Specific Plan	N/A
Zoning	Zoning-PUD, FLU-NSUB
Entitlement Status	N/A
 Sale Summary	
Recorded Buyer	Danny L. Fox and Christy R. Fox	Marketing Time	17 Month(s) True Buyer	N/A	Buyer Type	Private Investor Recorded Seller	Dennis L. Hayes and Colleen F. Hayes	Seller Type	Private Investor
True Seller	N/A	Primary Verification	Closing Agent, MLS, Public Records and other sources deemed reliable.

Type Date Sale Price Financing
Cash Equivalent Capital Adjustment
Adjusted Price

Sale	
10/21/2022	
$80,000	
Cash to Seller	
$80,000	
$0	
$80,000	

Interest Transferred	N/A
Current Use	N/A
Proposed Use	N/A
Listing Broker	Lori Raath - Lake Ashton Realty, Inc.
Selling Broker	Teresa Markley - Coldwell Banker Realty
Doc #	12461-0094
 Transaction Summary plus Five-Year CBRE View History				 Transaction Date Transaction Type	Buyer	Seller	Price	Price/ac and /sf
10/2022	Sale	Danny L. Fox and Christy
R. Fox	Dennis L. Hayes and
Colleen F. Hayes	$80,000	$580,973 / $13.33	

Units of Comparison

$13.33 / sf	N/A / Unit
$580,973.13 / ac	N/A / Allowable Bldg. Units
N/A / Building Area

Financial

No information recorded

Map & Comments

This transaction represents the sale of a residential lot located within the "Lake Ashton" subdivision of Winter Haven, Florida. The property contains 6,000 square feet and is located at 5237 Pebble Beach Blvd. It is fairly level, adequately drained and has 60 feet of road frontage along Pebble Beach Blvd. The site is located on the 17th Fairway of the west golf course.	The property is located within Flood

Zone X and there are no known wetlands on the property. It has a zoning designation of "PUD", Planned Unit Development and a future land use designation of "NSUB", Neighborhood Subdivision. The site was listed for sale for $109,000 and closed for a recorded sale price of $80,000. The property was subsequently developed with a 4 bedroom, 2 bathroom single-family residence constructed in 2023.

Lake Ashton is a 55+ community with resort style amenities and activities. Offering a large clubhouse with movie theater, bowling alley, full service restaurant, craft, media and card rooms, outdoor pool, tennis courts, bocce courts, fitness area and more. Also, the community offers 2, 18-Hole Golf Courses with Golf memberships that are optional. The Health and Fitness Center features a large indoor pool with another large fitness center, pickle ball courts, media room, card and craft rooms

Property Name	Residential Lot Sale
Address	5260 Green Drive Winter Haven, FL 33884 United States
Government Tax Agency	Polk
Govt./Tax ID	26-29-24-690596-001880

Site/Government Regulations		

Land Area Net	Acres 0.170	Square feet
7,405	
Land Area Gross	0.170	7,405	

Site Development Status	Platted	
Shape	Rectangular	
Topography	Generally Level	
Utilities	Public Water, Public Sewer, Electric	
Maximum FAR	N/A
Min Land to Bldg Ratio	N/A
Maximum Density	N/A

Frontage Distance/Street	161 ft	Green Drive	
General Plan	N/A
Specific Plan	N/A
Zoning	Zoning-PUD, FLU- NSUB
Entitlement Status	N/A
 Sale Summary	
Recorded Buyer	Charles W. Sanders and D'Leah Sanders	Marketing Time	8 Month(s) True Buyer	N/A	Buyer Type	Private Investor
Recorded Seller	Davenport, LLC	Seller Type	Private Investor
True Seller	N/A	Primary Verification	Closing Agent, MLS, Public Records and other sources deemed reliable

Type Date Sale Price Financing
Cash Equivalent Capital Adjustment
Adjusted Price

Sale	
6/10/2022	
$55,325	
Cash to Seller	
$55,325	
$0	
$55,325	

Interest Transferred	Fee Simple/Freehold Current Use	N/A
Proposed Use	N/A
Listing Broker	Jack Keller - Jack Keller, Inc.
Selling Broker	Lori Raath - Lake Ashton Realty, Inc.
Doc #	12299-1896
 Transaction Summary plus Five-Year CBRE View History				 Transaction Date Transaction Type	Buyer	Seller	Price	Price/ac and /sf
06/2022	Sale	Charles W. Sanders and
D'Leah Sanders	Davenport, LLC	$55,325	$325,441 / $7.47	

Units of Comparison

$7.47 / sf	N/A / Unit
$325,441.18 / ac	N/A / Allowable Bldg. Units
N/A / Building Area

Financial

No information recorded

Map & Comments

This transaction represents the sale of a residential lot located within the "Lake Ashton" subdivision of Winter Haven, Florida. The property contains 7,405 square feet and is located at 5260 Green Drive. It is fairly level, adequately drained and has 161.32 feet of road frontage along Green Drive. The property is located within Flood Zone X and there are no known wetlands on the property. It has a zoning designation of "PUD", Planned Unit Development and a future land use designation of "NSUB", Neighborhood Subdivision. The site was listed for sale for $57,500 and closed for a recorded sale price of $55,325. The property was subsequently developed with a 3 bedroom, 2 bathroom single-family residence constructed in 2023.

Lake Ashton is a 55+ community with resort style amenities and activities. Offering a large clubhouse with movie theater, bowling alley, full service restaurant, craft, media and card rooms, outdoor pool, tennis courts, bocce courts, fitness area and more. Also, the community offers 2, 18-Hole Golf Courses with Golf memberships that are optional. The Health and Fitness Center features a large indoor pool with another large fitness center, pickle ball courts, media room, card and craft rooms

Addendum E

AREA ANALYSIS

AREA MAP

The subject property is located in Polk County. Key information about the area is provided in the following tables.
POPULATION

AREA POPULATION BY AGE

120,000
100,000
80,000
60,000
40,000
20,000
0
Source: Esri

0-9  10-19 20-29 30-39 40-49 50-59 60-69 70-79 80+

The area has a population of 754,798 and a median age of 42, with the largest population group in the 60-69 age range and the smallest population in 80+ age range.

1,000,000	POPULATION BY YEAR	
		
800,000		
						
600,000		754,798		802,341		
								
400,000		602,095						
								
200,000								
								
0								
		2020		2022		2027		
Source: Esri								

Population has increased by 152,703 since 2020, reflecting an annual increase of 12.0%. Population is projected to increase by an additional 47,543 by 2027, reflecting 1.2% annual population growth.

INCOME

MEDIAN INCOME BY YEAR

$80,000

$60,000

$40,000

$20,000

$0
Source: Esri

2022

2027

	$57,063		$67,009	

The area features an average household income of $78,175 and a median household income of $57,063. Over the next five years, median household income is expected to increase by 17.4%, or $1,989 per annum.

POPULATION BY DEGREE

14.6%
Bachelor's Degree
Graduate Degree

7.8%

Other

77.6%

Source: Esri

EDUCATION
A total of 22.4% of individuals over the age of 24 have a college degree, with 14.6% holding a bachelor's degree and 7.8% holding a graduate degree.

EMPLOYMENT

Retail Trade

Health Care/Social Assistance

Construction Educational Services Accommodation/Food Services Transportation/Warehousing
Manufacturing Admin/Support/Waste Mgmt Srvcs Prof/Scientific/Tech Services
Finance/Insurance

Source: Esri

0%

2%

4%

6%

8%

10%

12%

14%

16%

The area includes a total of 323,280 employees and has an 5.0% unemployment rate. The top three industries within the area are Retail Trade, Health Care/Social Assistance and Construction, which represent a combined total of 36% of the population.

Addendum F

OWNER CONTACT LETTER

November 13, 2024

Atlantic Blue Communities II 212 E. Stuart Ave.
Lake Wales, FL 33853-3713

RE:	Project:	SE Raw Water Main (Polk County) Project No.:	50152542
County:	Polk
Parcel No.:	2018
Property ID:	27-28-10-822212-011180
Dear Owner/Owner Representative:
The Polk Regional Water Cooperative is planning construction of the above referenced project (Southeast Raw Water Main) and your parcel will be impacted by the impending infrastructure project (with a permanent and/or temporary easement). I have been engaged to provide an appraisal of the proposed easement(s) to be acquired. The purpose of the appraisal is to estimate the market value of the portion of the property needed for waterline corridor at this particular location.
I have scheduled a field inspection of the above-described property on Saturday, November 23, 2024 between the times of 10:00 am and 2:00 pm. If you or your appointed representative would like to bring to my attention factors that affect the value of the property or would like to attend or schedule a specific time, please let me know.
You may contact my office by telephone Monday through Friday between 9:00 a.m. and 5:00 p.m. at (904) 367-2011 or via email at nick.chop@cbre.com.

If you should have any questions, please contact us. Sincerely,

Nick Chop, MAI
State-Certified General R.E. Appraiser RZ2660

1 Independent Drive, Suite 3000 | Jacksonville, Florida 32202 | 904-634-1200

Addendum G

QUALIFICATIONS

Represented
Atkins
City of JocksoJ1vill�
Duke Energy
l'l)EP
FOOT (Florida) Florida's Twnpike IIDR
IINTR
Jn(\ep,itdeace AC(Jttisi tion
.TncksonvillcA vintion Authority
.focksonvillc Electric Authority
Jackwnvillc Tra11Sport.ation Authority
Manat.cc County
Miami-Dade Cow11y NCDOT (North 1u-oli11a) Okelt:noke Electric Orange County
Orlando Utilities Commission Pasco County Polk County
St. Jol111s Co11nl�•
TxDOT (Texas)

	 Experience 	
Nick Chop, MAI. R/W-ACisCBRE's Right-of-Way Practice Le11der for the South Region and has over JO years of real estate appraisal. appraisal review. cost estimating and consulting experience. A majority of Mr. Chop·s career has ccmercdaround liLi_gationsuppon. primarily in the area of eminent domain valuation. Mr_Chop has been qualified as an expert witness in several couns. Mr. Chop is Hn approved appraiser for FOOT (Florida). NCDOT (North Carolina). Tu>OT (Texas) and TOOT (Tennessee),
Mr. Chop has perfonned real estate vahwtions and reviews of ree simple. easement, leased fee ,md leasehold inlerests of c ·isling and proposed developments including land. retail. restaurant. hotel, sclf-sLol"l\gC. office, industrial, med.ical buildings, mixed use-developments, singlc-familj subdivisiom. apartment projects. automoLivc dealership and service facililles. Mr. Chop regular!) contributes 10 the Appraisal lnstilme and the lnle1T111tioruil Right of Way Association. He is the past President of his local Appraisal [nstitule Chapter and currern University Relations Ambassador.
Mr. Chop has I orkcd extensively with large scale riglu-of-way infras1rucrurc projects which include Ll1c valuation of fee simple and casement esrates for proposed and existing corridors, roadway Cl(pansions and public utility lines. Recent. notable right-of-way projects include:
Polk Regional Water Cooperative, So111heast Wellfield �nd Water Produclion Pacility Florid�·s Turnpike. Central Polle Park·way. Bur1ow. Polk County
Monatee Coum , Upper Manatee Rh er Rood. Lakewood Ranch
FDOT. Dist.rict Seven - #-1-17536-2 US 3()1. Dade City. Pasco Co1rnty FOOT, District Seven - #4-175363 US JO I_ Dade City. Hernando County City of facksonville-Old Middleburg Road
Jacksonville Eleclric Aulhorily. Vanous Parcels & Projects City of Jackson ilk - Chaffee Road
COOT- U-5753 -Lindsay Road- Wayside Road. Raeford. Hoke Co1mty
FOOT. District Five - #-135859-1 SR -uE. of CR 7'57 Lo Lake County Linc NCDOT - U-4758 - Johnson St. - Sandy Ridge Rd.. High Point. Guilford County
	COOT - P-5717-Comwallis Rd., Durham, Durhnn1 County 25o+ Parcel lJO-kV Tr.u1srnission Linc Project in Ccmral Florida
FOOT. Dis1rlc1 Four - #4369631 1-95 and 6th A, e.. Palm Beach County
FOOT. District Two - #4322592 Interstate-!>·. Duval County
NCDOT_ 13 Cosl Estimates in 11 Counties representing over 2.000 parcels
FOOT, Disi ric( One - #-1258-02 S.R. 951, Collier County
FDOT. Dislricl Seven - #2578623 Sam Allen Rd.. Hillsborough County Mmmtcc County - Moccasin Wallow Road
)EA. Racett'llck Road. St. Jolms County
Polk County. #5400I1-1 Johnson Road_ Polle County
City of Jacksonville. The Landing. Litigrnion
Cit_ ofJacksom·ille. Jacksonville Power Planl Litigation Orlando Utilities Commission, Holden Avenue
Mr, Chop has consulted on and appraised ')lropcrty for litigation. specifically eminent dom�in proceedings and various valuation litigation purposes_ Mr. Chop has testified as an expert I itne,s i11 counties lhroughout Florida.
	 Professional Affiliations/ Accreditations 		_
Apptaisal !JISLitule, Designated Member (MAl)
International Right of Way Association. Dcsfgnated Member (R/W-AC)
Certified General Real Estate Appraiser-Alabama (GOl-176). Florida (RZ2GG(l). Geo(gia (351619). Maryland (339:8). Mississippi (GA-135.:f). North Carolina (A.84011). South Carolina (053020) Tennessee (5693). Texas (1380190). Virginia (-100!018413)
	 Education 	
['Jorida Stale University. B.S. Real Eslalc and Fimmce

i,Nj?
5ea,mg Amenca's J¼nl-of•WIY
American Acquisition Group, LLC
711 North Sherrill St.• Suite B • Tampa, FL 33609

$0.690
USP0STAGE FIRST-CLASS 062S0001443237
8	FROM33609
�
i	�	

American Acquisition Group, LLC.
711 North Sherrill St. Suite B
Tampa, FL 33609
813-287-8191

Section VI

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 April 6, 2025

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	20	
Arbitrage Rebate Calculation Detail Report – Costs of Issuance Account	21	
Arbitrage Rebate Calculation Detail Report – Rebate Computation Credits	22	

May 13, 2025

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 March 31, 2026. Thank you and should you have any questions, please do not hesitate to contact us.

Very truly yours,

Michael J. Scarfo
Senior Vice President	Trong M. Tran
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 April 6, 2025

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	3.790803%	126,586.33	(27,269.77)	
Capitalized Interest Fund	2.061876%	17,749.63	(23,810.38)	
Costs of Issuance Account	1.205155%	19.69	(61.19)	
Totals	2.023524%	$284,587.42	$(393,111.37)	
Bond Yield	4.554540%		
Rebate Computation Credits	(6,430.08)	
Net Rebatable Arbitrage	$(399,541.45)	

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 April 6, 2025, the Computation Date. 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 April 6, 2025, 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 April 6, 2025, the Computation Date.

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 April 6, 2025, 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

Sources of Funds

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

Uses of Funds

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
FUTURE VALUE @

DATE	
DESCRIPTION	RECEIPTS (PAYMENTS)	BOND YIELD OF (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	
02/04/24			1,830.34	1,929.56	
03/04/24			4,378.75	4,598.83	
04/02/24			4,670.94	4,888.55	
05/02/24			4,510.47	4,702.92	
06/04/24			4,663.06	4,842.60	
07/02/24			4,511.31	4,668.62	
08/01/24			43,543.75	44,898.96	
08/02/24			538,329.69	555,014.70	
08/02/24			4,655.17	4,799.45	
09/04/24			2,300.32	2,362.14	
10/02/24			2,083.10	2,131.60	
11/04/24			2,032.11	2,071.12	
12/03/24			1,897.51	1,926.93	
01/03/25			1,899.84	1,922.07	
02/05/25			115.62	116.51	
03/04/25			1,644.23	1,650.83	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @

DATE	
DESCRIPTION	RECEIPTS (PAYMENTS)	BOND YIELD OF (4.554540%)	
04/02/25		1,804.80	1,805.70	
04/06/25	Bal	538,329.69	538,329.69	
04/06/25	Acc	349.64	349.64	
04/06/25	TOTALS:	126,586.33	-27,269.77	

ISSUE DATE:	04/06/22	
REBATABLE ARBITRAGE:	
-27,269.77	
COMP DATE:	04/06/25	NET INCOME:	126,586.33	
BOND YIELD: 4.554540%	TAX INV YIELD:	3.790803%	

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		
	
RECEIPTS	FUTURE VALUE @ 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
FUTURE VALUE @

DATE	
DESCRIPTION	RECEIPTS (PAYMENTS)	BOND YIELD OF (4.554540%)	
04/06/23		-1,960.00	-2,144.73	
04/06/24		-2,070.00	-2,165.35	
04/06/25		-2,120.00	-2,120.00	
04/06/25	TOTALS:	-6,150.00	-6,430.08	

ISSUE DATE:	04/06/22 COMP DATE:	04/06/25
BOND YIELD: 4.554540%	
REBATABLE ARBITRAGE:	
-6,430.08	

Section VII

Section C

Scenic Terrace - South CDD
Field Management Report

May 21st, 2025 Joel Blanco Field Manager GMS

1

Scenic Terrace – South CDD Field Management Report | GMS 2025

Completed

Fence Repairs Throughout District

Hurricane Milton related fence repairs throughout the district have been completed.
Repair map showing all (9) sections that were effected, (A#1: West of Highway 17, A#2: East of Highway 17, A#3: Along Hughes Rd., A#4: White Clay Pit Rd. (Phase 4), A#5: Detour Rd., A#6: Detour Rd./White Clay Pit Rd., A#7: Highway 17 (Phase 3), A#8: Hughes Rd. (Phase 2 – North), and A#9: Hughes Rd. (Phase 2 – South) were identified divide between the fence vendor and our maintenance staff to further the progress of repairs.
Material being held in the amenity parking lot was utilized to save on the cost of new fence material.
Maintenance repaired all of Phase 3 (A#7) by removing all present damaged fence material and installing 1,875 ft. of new fence. Posts were all reinforced with cement and top rails with self tapping screws.
Loose, damage fence material was gathered and disposed.
Several fence panels were reinstalled and reinforced after last week’s wind storm.

2

Scenic Terrace – South CDD Field Management Report | GMS 2025

Completed

Fence Repairs Throughout District Cont’d

3

Scenic Terrace – South CDD Field Management Report | GMS 2025

a

Site Review

Landscaping Review

GMS staff has continued to review the entire district— landscaping and pond reviews.
The previously approved main entrance landscaping bed was completed.
Plantings have established and have been thriving during later weeks of the dry season.
The previously approved plant replacement on Hughes Rd. and both perimeter sides on Highway 27 were scheduled after confirmation of the completion of the fence repairs and completed.
Further landscaping throughout the district remain in satisfactory conditions—neat and tidy.

4

Scenic Terrace – South CDD Field Management Report | GMS 2025

Site Review

Pond Review

GMS staff conducted pond reviews throughout the district.
Field Staff has monitored the appearance of the dry ponds since the pond discing has started with a lot of the vegetation and weeds treated and pond surface visible. Ponds appear in satisfactory conditions— presentable and maintained.

5

Scenic Terrace – South CDD Field Management Report | GMS 2025

Site Review

Amenity Review

Field Staff conducted an amenity review of the district.
Pool remains maintained up to satisfactory standards –consistently clean.
Pool shade structures have been repaired since the last board meeting.
Amenity area has been consistently clean in preparation for Memorial Day and summer season. Playground shade fabric and damaged hook piece have scheduled for repair in the children’s playground.

6

Scenic Terrace – South CDD Field Management Report | GMS 2025

7

Conclusion

For any questions or comments regarding the above information, please contact me by phone at 786-238-9473, or by email at jblanco@gmscfl.com. Thank you.

Respectfully, Joel Blanco

Scenic Terrace – South CDD Field Management Report | GMS 2025

Section D

Section 1

Scenic Terrace South
Community Development District
Summary of Checks

January 1, 2025 to March 31, 2025

Bank	Date	Check No.'s		Amount	

General Fund					
	1/6/25	311-324	$	56,428.71	
	1/17/25	325-331	$	1,006,575.31	
	1/22/25	332-335	$	27,350.08	
	1/24/25	336-338	$	24,714.24	
	1/29/25	339-340	$	810.00	
	2/13/25	341-346	$	23,125.64	
	2/20/25	347	$	19,110.00	
	3/4/25	348-352	$	5,375.95	
	3/14/25	353-357	$	20,130.61	
	3/19/25	358	$	1,517.78	
	3/24/25	359-361	$	592,607.77	
		Total	$	1,777,746.09	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/15/25	PAGE	1
*** CHECK DATES 01/01/2025 - 03/31/2025 ***	SCENIC TERRACE SOUTH-GENERAL
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
1/06/25 00051 11/20/24 BH112020 202411 310-51300-11000	*	200.00
SUPERVISOR FEES-11/20/24
BOBBIE HENLEY	200.00 000311

1/06/25 00046	10/30/24	
	10/30/24	
	10/30/24	
	11/19/24	
	11/19/24	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
13514	202409 330-57200-48200	*	100.00- CREDIT SEP24
13514-A	202409 330-57200-48200	*	550.00
MNTHLY CLEANING-OCT24
13514-A	202409 330-57200-48200	*	160.00
MNTHLY TRASH SERVICE-OCT
13727	202411 330-57200-48200	*	550.00
MNTHLY CLEANING-NOV24
13727	202411 330-57200-48200	*	170.00
MNTHLY TRASH SERVICE-NOV
CSS CLEAN STAR SERVICES OF	1,330.00 000312
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/06/25 00013 12/12/24 22430322 202411 310-51300-31100	*	2,450.00
ENGINEER SERVICES-NOV24
DEWBERRY ENGINEERS INC.	2,450.00 000313

1/06/25 00003	9/30/24	
	11/30/24	
	11/30/24	
	12/01/24	
	12/01/24	
	12/01/24	
	12/01/24	
	12/01/24	
	12/01/24	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
73	202409 320-53800-48000	*	1,182.80
GEN MAINT & REPAIR-SEP24
82	202411 320-53800-48000	*	730.72
GENERAL MAINTENANCE-NOV24
83	202411 320-53800-49000	*	880.00
MILTON-STORM PREPARATION
78	202412 310-51300-34000	*	3,541.67
MANAGMENT FEES-DEC24
78	202412 310-51300-35200	*	105.00
WEBSITE MA FEES-DEC24
78	202412 310-51300-35100	*	157.50
INFORMATIONAGEMENT-DEC24
78	202412 310-51300-31300	*	525.00
DISSEMINATN TECH-DEC24
78	202412 330-57200-48300	*	1,041.67
AMENITY ACCESS MGMT-DEC24
78	202412 310-51300-51000	*	2.89
OFFICE SUP
12/01/24 78	202412 310-51300-42000	*	77.47
POSTAGE
12/01/24 79	202412 320-53800-34000	*	1,250.00
FIELD MANAGEMENT-DEC24
GOVERNMENTAL MANAGEMENT SERVICES-CF	9,494.72 000314
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/06/25 00043	1/06/25 01062025 202501 300-15500-10000	*	3,139.59
PLAYGROUND LEASE-FEB25
HEIDI BONNETT DBA HNB PROPERTY LLC	3,139.59 000315
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
STS	SCENIC TERRACE IARAUJO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/15/25	PAGE	2
*** CHECK DATES 01/01/2025 - 03/31/2025 ***	SCENIC TERRACE SOUTH-GENERAL
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
1/06/25 00002 12/07/24 11006	202411 310-51300-31500	*	1,261.29
ATTORNEY SVCS-NOV24
KILINSKI VAN WYK PLLC	1,261.29 000316
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/06/25 00005 11/20/24 LS112020 202411 310-51300-11000	*	200.00
SUPERVISOR FEES-11/20/24
LAUREN OAKLEY SCHWENK	200.00 000317
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/06/25 00048 11/04/24 63145852 202411 330-57200-48100	*	100.00
PEST CONTROL-NOV24
12/05/24 63145853 202412 330-57200-48100	*	100.00
PEST CONTROL-DEC24
MASSEY SERVICES INC.	200.00 000318
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/06/25 00009 11/20/24 PH112020 202411 310-51300-11000	*	200.00
SUPERVISOR FEES-11/20/24
PATRICIA J HUDSON	200.00 000319

1/06/25 00040	10/21/24	
	10/24/24	
	10/30/24	
	11/01/24	
	12/01/24	
	12/26/24	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
14982	202410 320-53800-47300	*	178.47
RPR SPRAY NOZZLES
15000	202410 320-53800-46200	*	7,700.00
RPL HURRICANE CLEAN UP
15152	202410 320-53800-46200	*	5,625.00
RPL STAKE TREES HURRICANE
15094	202411 320-53800-46200	*	6,912.50
LANDSCAPE MAINT-NOV24
15522	202412 320-53800-46200	*	6,912.50
LANDSCAPE MAINT-DEC24
15797	202412 320-53800-47300	*	110.22
RPR SPRAY NOZZLES
PRINCE & SONS, INC.	27,438.69 000320
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/06/25 00041 12/02/24 5948	202412 330-57200-49000	*	3,308.29
SHADE FOR PLAYGROUND
PRO PLAYGROUNDS DBA LEGACY	3,308.29 000321
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/06/25 00012 11/20/24 RH112020 202411 310-51300-11000	*	200.00
SUPERVISOR FEES-11/20/24
RENNIE HEATH	200.00 000322
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/06/25 00045 10/18/24 25133	202410 320-53800-49000	*	250.00
STORM CLEAN UP
11/01/24 25445	202411 330-57200-48500	*	2,500.00
POOL MAINTENANCE-OCT24
MCDONNELL CORPORATION DBA	2,750.00 000323
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
STS	SCENIC TERRACE IARAUJO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/15/25	PAGE	3
*** CHECK DATES 01/01/2025 - 03/31/2025 ***	SCENIC TERRACE SOUTH-GENERAL
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
1/06/25 00027 11/25/24 7554637	202411 310-51300-32300	*	4,256.13
FY25 TRUST FEE SER 2023
US BANK	4,256.13 000324

1/17/25 00003	1/01/25	
	1/01/25	
	1/01/25	
	1/01/25	
	1/01/25	
	1/01/25	
	1/01/25	
	1/01/25	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
84	202501 310-51300-34000	*	3,541.67
MANAGMENT FEES-JAN25
84	202501 310-51300-35200	*	105.00
WEBSITE MANAGEMENT-JAN25
84	202501 310-51300-35100	*	157.50
INFORMATION TECH-JAN25
84	202501 310-51300-31300	*	525.00
DISSEMINATION SVCS-JAN25
84	202501 330-57200-48300	*	1,041.67
AMENITY ACCESS MGMT-JAN25
84	202501 310-51300-51000	*	.33

202501 310-51300-42000	*	7.59	
202501 320-53800-34000	*	1,250.00	

OFFICE SUPPLIES 84
POSTAGE 85
FIELD MANAGEMENT-JAN25
GOVERNMENTAL MANAGEMENT SERVICES-CF	6,628.76 000325
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/17/25 00053	1/09/25 437_25	202501 330-57200-60000	*	14,000.00
FENCE RPR HURRICAN MILTON
HILLCREST FENCES	14,000.00 000326
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/17/25 00043	1/01/25 01012025 202412 330-57200-47400	*	3,131.60
PLAYGROUND LEASE-JAN25
HEIDI BONNETT DBA HNB PROPERTY LLC	3,131.60 000327
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/17/25 00052	1/15/25 69	202501 310-51300-42000	*	306.67
REIMBURSEMENT POSTAGE
POLK COUNTY TAX COLLECTOR	306.67 000328
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/17/25 00038	1/17/25 01172025 202501 300-20700-10300	*	842,645.89
TXFER OF TAX RECEIPTS S22
SCENIC TERRACE SOUTH CDD	842,645.89 000329
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/17/25 00038	1/17/25 01172025 202501 300-20700-10300	*	4,769.93
TXFER EXCESS TAX RCPT S22
SCENIC TERRACE SOUTH CDD	4,769.93 000330
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/17/25 00042	1/17/25 01172025 202501 300-20700-10300	*	135,092.46
TXFER OF TAX RECEIPTS S23
SCENIC TERRACE SOUTH CDD	135,092.46 000331
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
STS	SCENIC TERRACE IARAUJO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/15/25	PAGE	4
*** CHECK DATES 01/01/2025 - 03/31/2025 ***	SCENIC TERRACE SOUTH-GENERAL
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
1/22/25 00050	9/05/24 19839	202409 330-57200-34500	*	3,205.00
500 SIFER ISO CARD
CURRENT DEMANDS ELECTRICAL &	3,205.00 000332
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/22/25 00036	1/21/25 4652195	202501 300-20700-10300	*	13,459.71
DEBT 1% ADIN FEE
1/21/25 4652196	202501 300-32500-10000	*	7,430.37
MAINT 1% ADMIN FEE
POLK COUNTY PROPERTY APPRAISER	20,890.08 000333
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/22/25 00040	1/20/25 16113	202501 320-53800-47300	*	755.00
RPR / CONNECT 8 VALVES
PRINCE & SONS, INC.	755.00 000334
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/22/25 00045	1/01/25 26070	202501 330-57200-48500	*	2,500.00
POOL MAINTENANCE-JAN25
MCDONNELL CORPORATION DBA	2,500.00 000335
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/24/25 00003 10/31/24 76	202410 320-53800-49000	*	300.00
MILTON RESET
10/31/24 77	202410 320-53800-49000	*	250.00
MILTON FENCE REPAIRS
GOVERNMENTAL MANAGEMENT SERVICES-CF	550.00 000336
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/24/25 00015 12/31/24 3773-0	202412 320-53800-43000	*	23,934.24
6302 CLOVER STREET
TOWN OF LAKE HAMILTON	23,934.24 000337
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/24/25 00015	1/23/25 01232025 202501 320-53800-43300	*	200.00
DEPOSIT FEE
1/23/25 01232025 202501 320-53800-43300	*	30.00
ADMIN FEE
TOWN OF LAKE HAMILTON	230.00 000338
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/29/25 00046 12/30/24 13956	202412 330-57200-48200	*	550.00
MNTHLY CLEANING-DEC24
12/30/24 13956	202412 330-57200-48200	*	160.00
MNTHLY TRASH SERVICE-DEC
CSS CLEAN STAR SERVICES OF	710.00 000339
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/29/25 00048	1/20/25 63489287 202501 330-57200-48100	*	100.00
PEST CONTROL-JAN25
MASSEY SERVICES INC.	100.00 000340
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/13/25 00046	1/28/25 14192	202501 330-57200-48200	*	550.00
MNTHLY CLEANING-JAN25
STS	SCENIC TERRACE IARAUJO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/15/25	PAGE	5
*** CHECK DATES 01/01/2025 - 03/31/2025 ***	SCENIC TERRACE SOUTH-GENERAL
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
1/28/25 14192	202501 330-57200-48200	*	150.00
MNTHLY TRASH SERVICE-JAN
CSS CLEAN STAR SERVICES OF	700.00 000341
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/13/25 00003	2/01/25 88	202502 310-51300-34000	*	3,541.67
MANAGMENT FEES-FEB25
2/01/25 88	202502 310-51300-35200	*	105.00
WEBSITE MANAGEMENT-FEB25
2/01/25 88	202502 310-51300-35100	*	157.50
INFORMATION TECH-FEB25
2/01/25 88	202502 310-51300-31300	*	525.00
DISSEMINATION SVCS-FEB25
2/01/25 88	202502 330-57200-48300	*	1,041.67
AMENITY ACCESS MGMT-FEB25
2/01/25 88	202502 310-51300-51000	*	.60

202502 310-51300-42000	*	160.11	
202502 320-53800-34000	*	1,250.00	

OFFICE SUPPLIES 2/01/25 88
POSTAGE 2/01/25 89
FIELD MANAGEMENT-FEB25
GOVERNMENTAL MANAGEMENT SERVICES-CF	6,781.55 000342
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/13/25 00043	2/11/25 02112025 202502 300-15500-10000	*	3,131.59
PLAYGROUND LEASE-MAR25
HEIDI BONNETT DBA HNB PROPERTY LLC	3,131.59 000343
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/13/25 00048	2/04/25 63968744 202502 330-57200-48100	*	100.00
PEST CONTROL-FEB25
MASSEY SERVICES INC.	100.00 000344
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/13/25 00040 12/27/24 15824	202412 320-53800-46201	*	3,000.00
REMOVE & RPLCD TREES
2/01/25 16286	202502 320-53800-46200	*	6,912.50
LANDSCAPE MAINT-FEB25
PRINCE & SONS, INC.	9,912.50 000345
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/13/25 00045	2/01/25 26433	202502 330-57200-48500	*	2,500.00
POOL MAINTENANCE-FEB25
MCDONNELL CORPORATION DBA	2,500.00 000346
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/20/25 00040	2/05/25 16355-DE 202412 320-53800-46200	*	1,785.00 LANDSCAPE MAINT- AMENITY
2/05/25 16355-DE 202412 320-53800-46200	*	1,400.00 LANDSCAPE MAINT-DEC24
2/05/25 16355-FE 202502 320-53800-46200	*	1,785.00 LANDSCAPE MAINT- AMENITY
STS	SCENIC TERRACE IARAUJO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/15/25	PAGE	6
*** CHECK DATES 01/01/2025 - 03/31/2025 ***	SCENIC TERRACE SOUTH-GENERAL
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#

	2/05/25	
	2/05/25	
	2/05/25	
	2/05/25	
	2/05/25	
	2/05/25	
	2/05/25	
	2/05/25	

2/05/25 16355-FE 202502 320-53800-46200	*	1,400.00 LANDSCAPE MAINT- FEB25
16355-JA 202501 320-53800-46200	*	1,785.00 LANDSCAPE MAINT- AMENITY
16355-JA 202501 320-53800-46200	*	1,400.00 LANDSCAPE MAINT-JAN25
16355-NO 202411 320-53800-46200	*	1,785.00 LANDSCAPE MAINT- AMENITY
16355-NO 202411 320-53800-46200	*	1,400.00 LANDSCAPE MAINT-NOV24
16355-OC 202410 320-53800-46200	*	1,785.00 LANDSCAPE MAINT- AMENITY
16355-OC 202410 320-53800-46200	*	1,400.00 LANDSCAPE MAINT- OCT24
16355-SE 202409 320-53800-46200	*	1,785.00 LANDSCAPE MAINT- AMENITY

- - - - - - - - 3/04/25 00035	- - - - - - - - - 2/14/25 7692-02-
SPECIAL	PRINCE
- - - - - - - - - - - - -
202502 310-51300-31200	&
-	SONS,
- - -	INC.
- - -	-	-	-	-	-	-	-	-	-	- -
*	-	-	-	-	-	-	- - - -	19,110.00
- - - - -	000347
- - -	
		AMTEC																					450.00	000348	
- - - - - - - -	- - - - - - - - -	- - - - - - - - - - - - -	-	- - -	- - -	-	-	-	-	-	-	-	-	-	- -	-	-	-	-	-	-	- - - -	- - - - -	- - -	
3/04/25 00013	2/18/25 22437737	202501 310-51300-31100													*							160.00			

16355-SE 202409 320-53800-46200	*	1,400.00 LANDSCAPE MAINT-SEPT24

ASSESS BOND S2023

450.00

ENGINEER SERVICES-JAN25

DEWBERRY ENGINEERS INC.	160.00 000349

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/04/25 00003 12/31/24 87	202411 320-53800-48000	*	248.86
RPLD DOG STATION BINS
GOVERNMENTAL MANAGEMENT SERVICES-CF	248.86 000350
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/04/25 00002	1/13/25 11235	202412 310-51300-31500	*	682.00
ATTORNEY SVCS-DEC24
2/20/25 11476	202501 310-51300-31500	*	711.50
ATTORNEY SVCS-JAN25
KILINSKI VAN WYK PLLC	1,393.50 000351
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/04/25 00043	3/04/25 03042025 202503 300-15500-10000	*	3,123.59
PLAYGROUND LEASE-APR25
HEIDI BONNETT DBA HNB PROPERTY LLC	3,123.59 000352
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/14/25 00046	2/27/25 14419	202502 330-57200-48200	*	550.00
MNTHLY CLEANING-FEB25
2/27/25 14419	202502 330-57200-48200	*	150.00
MNTHLY TRASH SERVICE-FEB
CSS CLEAN STAR SERVICES OF	700.00 000353
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/15/25	PAGE	7
*** CHECK DATES 01/01/2025 - 03/31/2025 ***	SCENIC TERRACE SOUTH-GENERAL
BANK A GENERAL FUND

	AMOUNT	#	
*	3,541.67			
*	105.00			
*	157.50			
*	525.00			
*	1,041.67			
*	3.67			
*	188.05			
*	5.55			
*	1,250.00			

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS

3/14/25 00003	3/01/25	
	3/01/25	
	3/01/25	
	3/01/25	
	3/01/25	
	3/01/25	
	3/01/25	
	3/01/25	
	3/01/25	

90	202503 310-51300-34000
MANAGMENT FEES-MAR25
90	202503 310-51300-35200
WEBSITE MANAGEMENT-MAR25
90	202503 310-51300-35100
INFORMATION TECH-MAR25
90	202503 310-51300-31300
DISSEMINATION SVCS-MAR25
90	202503 330-57200-48300
AMENITY ACCESS MGMT-MAR25
90	202503 310-51300-51000
OFFICE SUPPLIES
90	202503 310-51300-42000
POSTAGE
90	202503 310-51300-42500
COPIES
91	202503 320-53800-34000
FIELD MANAGEMENT-MAR25
GOVERNMENTAL MANAGEMENT SERVICES-CF	6,818.11 000354
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/14/25 00048	3/05/25 64385695 202503 330-57200-48100	*	100.00
PEST CONTROL-MAR25
MASSEY SERVICES INC.	100.00 000355
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/14/25 00040	1/01/25 15911	202501 320-53800-46200	*	6,912.50
LANDSCAPE MAINT-JAN25
2/25/25 16539	202502 320-53800-46200	*	2,600.00
MOW NEW PART
2/26/25 16614	202502 320-53800-47300	*	500.00
PUMP REPAIR
PRINCE & SONS, INC.	10,012.50 000356
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/14/25 00045	3/01/25 26760	202503 330-57200-48500	*	2,500.00
POOL MAINTENANCE-MAR25
MCDONNELL CORPORATION DBA	2,500.00 000357
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/19/25 00002	3/18/25 11722	202502 310-51300-31500	*	1,517.78
ATTORNEY SVCS-FEB25
KILINSKI VAN WYK PLLC	1,517.78 000358
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/24/25 00054	3/24/25 03242025 202503 300-15100-10000	*	485,000.00
TRANSF EXCESS FUNDS SBA
STATE BOARD OF ADMINISTRATION	485,000.00 000359
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/24/25 00038	3/21/25 03212025 202503 300-20700-10300	*	92,739.79
TXFER OF TAX RECEIPTS-S22
SCENIC TERRACE SOUTH CDD	92,739.79 000360
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/15/25	PAGE	8
*** CHECK DATES 01/01/2025 - 03/31/2025 ***	SCENIC TERRACE SOUTH-GENERAL
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
3/24/25 00042	3/21/25 03212025 202503 300-20700-10300	*	14,867.98
TXFER OF TAX RECEIPTS-S23
SCENIC TERRACE SOUTH CDD	14,867.98 000361
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	1,777,746.09
TOTAL FOR REGISTER	1,777,746.09

STS	SCENIC TERRACE IARAUJO

Section 2

Scenic Terrace South
Community Development District

Unaudited Financial Reporting
March 31, 2025

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Debt Service Fund Series 2022	

5	
	Debt Service Fund Series 2023	

6	
	Capital Projects Fund Series 2022	

7	
	Capital Projects Fund Series 2023	

8-9	
	Month to Month	

10	
	Assessment Receipt Schedule	

11	
	Long Term Debt Schedule	

Combined Balance Sheet March 31, 2025

	General Fund		Debt Service	Capital Projects	Totals
Fund	Fund	Governmental Funds	
Assets:
Operating Account	

$	514,968	

$	

-	$	273	$	515,241	
State Board of Administration	$	485,000	$	-	$	-	$	485,000	
Due from Other	$	50	$	-	$	-	$	50	
Due from General Fund
Investments:	$	-	$	68,314	$	-	$	68,314	
Series 2022 Reserve	
$	
-	$	538,214	
$	
-	$	538,214	
Revenue	$	-	$	1,168,305	$	-	$	1,168,305	
Prepayment	$	-	$	637		$	637	
Construction	$	-	$	-	$	375	$	375	
Reserve	$	-	$	86,475	$	-	$	86,475	
Revenue	$	-	$	167,072	$	-	$	167,072	
Total Assets	$	1,000,018	$	2,029,018	$	648	$	3,029,683	
Liabilities:
Accounts Payable	

$	36,525	$	-	$	6,978	

$	43,503	
Due to Debt Service	$	68,314	$	-	$	-	$	68,314	
Retainage Payable	$	-	$	-	$	158,747	$	158,747	
Due to Other	$	-	$	-	$	50	$	50	
Total Liabilites	$	104,839	$	-	$	165,775	$	270,615	
Fund Balance: Restricted for: Debt Service	

$	-	$	2,029,018	$	-	

$	2,029,018	
Capital Projects	$	-	$	-	$	(165,128)	$	(165,128)	
Unassigned	$	895,178	$	-	$	-	$	895,178	
Total Fund Balances	$	895,178	$	2,029,018	$	(165,128)	$	2,759,069	
					
Total Liabilities & Fund Balance	$	1,000,018	$	2,029,018	$	648	$	3,029,683	

Series 2023

	Adopted	Prorated Budget	Actual		
	Budget	Thru 03/31/25	Thru 03/31/25		Variance	

Revenues:						
Assessments - Tax Roll	$	691,023	$	636,873	$	636,873	$	-	
Contribution from Scenic Terrace North	$	58,325	$	-	$	-	$	-	
Total Revenues	$	749,348	$	636,873	$636,873	$	-	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	6,000	$	1,800	$	4,200	
FICA Expense	$	-	$	-	$	77	$	(77)	
Engineering	$	15,000	$	7,500	$	4,184	$	3,317	
Attorney	$	25,000	$	12,500	$	4,624	$	7,876	
Annual Audit	$	3,400	$	-	$	-	$	-	
Assessment Administration	$	5,250	$	5,250	$	5,250	$	-	
Arbitrage	$	900	$	450	$	450	$	-	
Dissemination	$	6,300	$	3,150	$	6,150	$	(3,000)	
Trustee Fees	$	8,081	$	4,256	$	4,256	$	-	
Management Fees	$	42,500	$	21,250	$	21,250	$	(0)	
Information Technology	$	1,890	$	945	$	945	$	-	
Website Maintenance	$	1,260	$	630	$	630	$	-	
Postage & Delivery	$	1,000	$	1,000	$	1,303	$	(303)	
Insurance	$	5,720	$	5,720	$	5,564	$	156	
Copies	$	1,000	$	500	$	6	$	494	
Legal Advertising	$	3,500	$	1,750	$	-	$	1,750	
Contingency	$	3,500	$	1,750	$	360	$	1,390	
Office Supplies	$	250	$	125	$	10	$	115	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative	$	136,726	$	72,951	$	57,032	$	15,919	

	Adopted	Prorated Budget	Actual		
	Budget	Thru 03/31/25	Thru 03/31/25	Variance	

Operations & Maintenance					
Field Expenditures
Property Insurance	

$	15,302	

$	15,302	

$	10,034	

$	5,268	
Field Management	$	15,000	$	7,500	$	7,500	$	-	
Landscape Maintenance	$	125,000	$	62,500	$	76,510	$	(14,010)	
Landscape Replacement	$	17,500	$	8,750	$	3,000	$	5,750	
Streetlights	$	45,000	$	22,500	$	17,379	$	5,121	
Electric	$	15,000	$	15,000	$	3,475	$	11,525	
Water & Sewer	$	-	$	-	$	28,514	$	(28,514)	
Sidewalk & Asphalt Maintenance	$	2,500	$	1,250	$	-	$	1,250	
Irrigation Repairs	$	7,500	$	3,750	$	2,262	$	1,488	
General Repairs & Maintenance	$	12,500	$	6,250	$	7,377	$	(1,127)	
Contingency	$	10,000	$	10,000	$	13,607	$	(3,607)	
Subtotal Field Expenditures	$	265,302	$	152,802	$	169,657	$	(16,855)	

Amenity Expenditures
Amenity - Electric	

$	15,000	

$	7,500	

$	8,002	

$	(502)	
Amenity - Water	$	7,500	$	3,750	$	2,266	$	1,484	
Playground Lease	$	72,600	$	36,300	$	18,798	$	17,502	
Internet	$	3,000	$	1,500	$	-	$	1,500	
Pest Control	$	720	$	360	$	600	$	(240)	
Janitorial Service	$	15,000	$	7,500	$	2,830	$	4,670	
Security Services	$	33,000	$	16,500	$	-	$	16,500	
Pool Maintenance	$	18,000	$	9,000	$	12,700	$	(3,700)	
Amenity Repairs & Maintenance	$	10,000	$	5,000	$	-	$	5,000	
Amenity Access Management	$	12,500	$	6,250	$	6,250	$	(0)	
Contingency	$	10,000	$	5,000	$	23,743	$	(18,743)	
Capital Outlay	$	-	$	-	$	-	$	-	
Subtotal Amenity Expenditures	$	197,320	$	98,660	$	75,189	$	23,471	
					
Total Operations & Maintenance	$	462,622	$	251,462	$	244,846	$	6,616	
					
Total Expenditures	$	599,348	$	324,413	$	301,878	$	22,535	
					
Excess (Deficiency) of Revenues over Expenditures	$	150,000		$	334,995		

Other Financing Sources/(Uses):					

Capital Reserves	
$	150,000	
$	-	
$	-	
$	
-	
Total Other Financing Sources/(Uses)	$	150,000	$	-	$	-	$	-	
						
Net Change in Fund Balance	$	-		$	334,995			
						
Fund Balance - Beginning	$	-		$	560,183			
						
Fund Balance - Ending	$	-		$	895,178			

	Adopted	Prorated Budget	Actual		
	Budget	Thru 03/31/25	Thru 03/31/25	Variance		

Revenues:

Interest Income	

$	-	

$	-	

$	-	$		

-	
Total Revenues	$	-	$	-	$	-	$		-	

Expenditures:

Capital Outlay	

$	1,000	

$	-	

$	-	$		

-	
Total Expenditures	$	1,000	$	-	$	-	$		-	
						
Excess (Deficiency) of Revenues over Expenditures	$	(1,000)		$	-			

Other Financing Sources/(Uses):

Transfer In/(Out)	

$	150,000	

$	-	

$	-	$		

-	
Total Other Financing Sources/(Uses)	$	150,000	$	-	$	-	$		-	
						
Net Change in Fund Balance	$	149,000		$	-			
						
Fund Balance - Beginning	$	-		$	-			
						
Fund Balance - Ending	$	149,000		$	-			

	Adopted	Prorated Budget		Actual		
		Budget	Thru 03/31/25	Thru 03/31/25		Variance	

Revenues:									
Assessments - Tax Roll	$	1,078,703	$	994,261	$	994,261	$	-	
Interest	$	20,000	$	10,000	$	22,448	$	12,448	
Total Revenues	$	1,098,703	$	1,004,261	$	1,016,709	$	12,448	

Expenditures:									
Series 2022
Interest - 11/1	

$	

387,200	

$	

387,200	

$	

387,200	

$	

-	
Special Call - 11/1	$	-	$	-	$	5,000	$	(5,000)	
Principal - 5/1	$	305,000	$	-	$	-	$	-	
Interest - 5/1	$	387,200	$	-	$	-	$	-	
Total Expenditures	$	1,079,400	$	387,200	$	392,200	$	(5,000)	
									
Excess (Deficiency) of Revenues over Expenditures	$	19,303			$	624,509			
									
Fund Balance - Beginning	$	706,421			$	1,141,523			
									
Fund Balance - Ending	$	725,724			$	1,766,032			

		Adopted	Prorated Budget		Actual			
		Budget	Thru 03/31/25	Thru 03/31/25		Variance	

Revenues:									
Assessments - On Roll	$	172,953	$	159,399	$	159,399	$	-	
Interest	$	2,000	$	1,000	$	3,413	$	2,413	
Total Revenues	$	174,953	$	160,399	$	162,812	$	2,413	

Expenditures:									
Series 2023
Interest - 11/1	

$	

72,050	

$	

72,050	

$	

72,050	

$	

-	
Principal - 11/1	$	20,000	$	20,000	$	20,000	$	-	
Interest - 5/1	$	71,475	$	-	$	-	$	-	
Total Expenditures	$	163,525	$	92,050	$	92,050	$	-	
									
Excess (Deficiency) of Revenues over Expenditures	$	11,428			$	70,762			
									
Fund Balance - Beginning	$	182,331			$	192,224			
									
Fund Balance - Ending	$	193,759			$	262,986			

Revenues		
Interest	$	-	$	-	$	1,413	$	1,413	
Total Revenues	$	-	$	-	$	5,413	$	5,413	

Expenditures:					
Capital Outlay - Construction	$	-	$	-	$	82,045	$	(82,045)	
Contingency	$	-	$	-	$	720	$	(720)	
Total Expenditures	$	-	$	-	$	82,765	$	(82,765)	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	(77,352)		
					
Fund Balance - Beginning	$	-	$	(87,775)		
					
Fund Balance - Ending	$	-	$	(165,128)		

Revenues

Interest	

$	

-	$	

-	$	-	

$	-	
Total Revenues	$	-	$	-	$	2,459	$	2,459	

Expenditures:					
Capital Outlay - Construction	$	-	$	-	$	2,459	$	(2,459)	
Capital Outlay - Cost of Issuance	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	2,459	$	(2,459)	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	-		
					
Fund Balance - Beginning	$	-	$	-		
					
Fund Balance - Ending	$	-	$	-		

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total

Revenues:

Assessments - Tax Roll	$	-	$	1,852 $	526,051 $		4,423 $	99,503 $		5,045 Contribution from Scenic Terrace North	$	-	$		-	$		-	$		-	$		-	$		-	$	-
$	-	$	-
$	-	$	-
$	-	$	-
$	-	$	-
$	-	$	-
$	-	$	636,873
$	-	
Total Revenues	$	-	$	1,852  $	526,051  $	4,423  $	99,503  $	5,045	$	-	$	-	$	-	$	-	$	-	$	-	$	636,873	

Expenditures:		
General & Administrative:		
Supervisor Fees	$	-	$	800	$	-	$	-	$	-	$	1,000	$	-  $	-  $	-  $	-  $	-  $	-  $	1,800	
FICA Expense	$	-	$	-	$	-	$	-	$	-	$	77	$	-  $	-  $	-  $	-  $	-  $	-  $	77	
Engineer Fees	$	640	$	2,450	$	-	$	160	$	774	$	160	$	-  $	-  $	-  $	-  $	-  $	-  $	4,184	
Attorney Fees	$	234	$	1,261	$	682	$	712	$	1,518	$	217	$	-  $	-  $	-  $	-  $	-  $	-  $	4,624	
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Assessment Adminstration	$	5,250	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	5,250	
Arbitrage	$	-	$	-	$	-	$	-	$	450	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	450	
Dissemination	$	3,525	$	525	$	525	$	525	$	525	$	525	$	-  $	-  $	-  $	-  $	-  $	-  $	6,150	
Trustee Fees	$	-	$	4,256	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	4,256	
Management Fees	$	3,542	$	3,542	$	3,542	$	3,542	$	3,542	$	3,542	$	-  $	-  $	-  $	-  $	-  $	-  $	21,250	
Information Technology	$	158	$	158	$	158	$	158	$	158	$	158	$	-  $	-  $	-  $	-  $	-  $	-  $	945	
Website Maintenance	$	105	$	105	$	105	$	105	$	105	$	105	$	-  $	-  $	-  $	-  $	-  $	-  $	630	
Postage & Delivery	$	523	$	40	$	77	$	314	$	160	$	188	$	-  $	-  $	-  $	-  $	-  $	-  $	1,303	
Insurance	$	5,564	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	5,564	
Copies	$	-	$	-	$	-	$	-	$	-	$	6	$	-  $	-  $	-  $	-  $	-  $	-  $	6	
Legal Advertising	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Contingency	$	140	$	41	$	40	$	40	$	50	$	49	$	-  $	-  $	-  $	-  $	-  $	-  $	360	
Office Supplies	$	2	$	1	$	3	$	0	$	1	$	4	$	-  $	-  $	-  $	-  $	-  $	-  $	10	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	175	
Total General & Administrative	$	19,858	$	13,178	$	5,132	$	5,555	$	7,281	$	6,029	$	-  $	-  $	-  $	-  $	-  $	-  $	57,032	

	Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	
Operations & Maintenance															
Field Expenditures
Property Insurance	

$	

10,034  $	

-  $	

-  $	

-  $	

-  $	

-  $	

-  $	

-  $	

-  $	

-  $	

-  $	

-  $	

10,034	
Field Management	$	1,250  $	1,250  $	1,250  $	1,250  $	1,250  $	1,250  $	-  $	-  $	-  $	-  $	-  $	-  $	7,500	
Landscape Maintenance	$	23,423  $	10,098  $	10,098  $	10,098  $	12,698  $	10,098  $	-  $	-  $	-  $	-  $	-  $	-  $	76,510	
Landscape Replacement	$	-  $	-  $	3,000  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	3,000	
Lake Maintenance	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Streetlights	$	-  $	-  $	-  $	8,195  $	5,220  $	3,965  $	-  $	-  $	-  $	-  $	-  $	-  $	17,379	
Electric	$	942  $	877  $	401  $	482  $	501  $	272  $	-  $	-  $	-  $	-  $	-  $	-  $	3,475	
Water & Sewer	$	-  $	-  $	23,934  $	-  $	4,348  $	232  $	-  $	-  $	-  $	-  $	-  $	-  $	28,514	
Sidewalk & Asphalt Maintenance	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Irrigation Repairs	$	178  $	-  $	110  $	755  $	500  $	718  $	-  $	-  $	-  $	-  $	-  $	-  $	2,262	
General Repairs & Maintenance	$	-  $	980  $	-  $	5,111  $	1,286  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	7,377	
Contingency	$	800  $	880  $	-  $	3,284  $	8,643  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	13,607	
Subtotal Field Expenditures	$	36,627  $	14,084  $	38,793  $	29,174  $	34,445  $	16,535  $	-  $	-  $	-  $	-  $	-  $	-  $	169,657	

Amenity Expenditures
Amenity - Electric	

$	

1,382  $	

1,343  $	

1,270  $	

1,309  $	

1,408  $	

1,290  $	

-  $	

-  $	

-  $	

-  $	

-  $	

-  $	

8,002	
Amenity - Water	$	-  $	-  $	-  $	-  $	1,729  $	537  $	-  $	-  $	-  $	-  $	-  $	-  $	2,266	
Playground Lease	$	3,132  $	3,132  $	3,132  $	3,140  $	3,132  $	3,132  $	-  $	-  $	-  $	-  $	-  $	-  $	18,798	
Internet	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Pest Control	$	100  $	100  $	100  $	100  $	100  $	100  $	-  $	-  $	-  $	-  $	-  $	-  $	600	
Janitorial Service	$	-  $	720  $	710  $	700  $	700  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	2,830	
Security Services	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Pool Maintenance	$	2,700  $	2,500  $	-  $	2,500  $	2,500  $	2,500  $	-  $	-  $	-  $	-  $	-  $	-  $	12,700	
Amenity Repairs & Maintenance	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Amenity Access Management	$	1,042  $	1,042  $	1,042  $	1,042  $	1,042  $	1,042  $	-  $	-  $	-  $	-  $	-  $	-  $	6,250	
Contingency	$	-  $	-  $	3,308  $	14,000  $	1,580  $	4,855  $	-  $	-  $	-  $	-  $	-  $	-  $	23,743	
Subtotal Amenity Expenditures	$	8,355  $	8,836  $	9,562  $	22,790  $	12,190  $	13,456  $	-  $	-  $	-  $	-  $	-  $	-  $	75,189	
															
Total Operations & Maintenance	$	44,982  $	22,920  $	48,355  $	51,965  $	46,634  $	29,991  $	-  $	-  $	-  $	-  $	-  $	-  $	244,846	
															
Total Expenditures	$	64,840  $	36,097  $	53,486  $	57,520  $	53,915  $	36,019  $	-  $	-  $	-  $	-  $	-  $	-  $	301,878	
															
Excess (Deficiency) of Revenues over Expenditures	$	(64,840)  $	(34,245)  $	472,564  $	(53,097)  $	45,588  $	(30,975)  $	-  $	-  $	-  $	-  $	-  $	-  $	334,995	
															
Net Change in Fund Balance	$	(64,840) $	(34,245) $	472,564  $	(53,097) $	45,588  $	(30,975) $	-  $	-  $	-  $	-  $	-  $	-  $	334,995	

Scenic Terrace South
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2025

ON ROLL ASSESSMENTS

Gross Assessments $

743,037.06

$ 1,160,000.16

$ 185,970.51

$ 2,089,007.73

Net Assessments

$  691,024.47

$ 1,078,800.15

$ 172,952.57

$ 1,942,777.19

35.57%	55.53%	8.90%	100.00%

Date	
Distribution	
Gross Amount	
Discount/Penalty	
Commission	
Interest	
Property Appraiser	
Net Receipts	
General Fund	2022 Debt Service	2023 Debt Service	
Total	

11/13/24	
10/21/24	
$422.51	
($22.18)	
($8.01)	
$0.00	
$0.00	
$392.32	
$139.54	
$217.85	
$34.93	
$392.32	
11/13/24	10/21/24	$238.86	($12.54)	($4.53)	$0.00	$0.00	$221.79	$78.89	$123.16	$19.74	$221.79	
11/15/24	10/01/24-10/31/24	$1,559.14	($62.36)	($29.94)	$0.00	$0.00	$1,466.84	$521.74	$814.52	$130.58	$1,466.84	
11/15/24	10/01/24-10/31/24	$881.42	($35.26)	($16.92)	$0.00	$0.00	$829.24	$294.95	$460.47	$73.82	$829.24	
11/19/24	11/01/24-11/07/24	$1,559.14	($62.36)	($29.94)	$0.00	$0.00	$1,466.84	$521.74	$814.52	$130.58	$1,466.84	
11/19/24	11/01/24-11/07/24	$881.42	($35.26)	($16.92)	$0.00	$0.00	$829.24	$294.95	$460.47	$73.82	$829.24	
12/06/24	11/16/24-11/26/24	$424,161.97	($16,966.58)	($8,143.91)	$0.00	$0.00	$399,051.48	$141,938.22	$221,588.35	$35,524.91	$399,051.48	
12/06/24	11/16/24-11/26/24	$222,999.26	($8,920.78)	($4,281.57)	$0.00	$0.00	$209,796.91	$74,622.45	$116,497.63	$18,676.83	$209,796.91	
12/20/24	11/27/24-11/30/24	$167,469.80	($6,699.40)	($3,215.41)	$0.00	$0.00	$157,554.99	$56,040.57	$87,488.34	$14,026.08	$157,554.99	
12/20/24	11/27/24-11/30/24	$297,514.00	($11,900.00)	($5,712.28)	$0.00	$0.00	$279,901.72	$99,557.97	$155,425.96	$24,917.79	$279,901.72	
12/27/24	12/01/24-12/15/24	$165,706.96	($6,373.10)	($3,186.68)	$0.00	$0.00	$156,147.18	$55,539.83	$86,706.60	$13,900.75	$156,147.18	
12/27/24	12/01/24-12/15/24	$293,437.67	($11,284.35)	($5,643.07)	$0.00	$0.00	$276,510.25	$98,351.66	$153,542.72	$24,615.87	$276,510.25	
01/10/25	12/16/24-12/31/24	$22,396.28	($671.91)	($434.49)	$0.00	$0.00	$21,289.88	$7,572.57	$11,822.01	$1,895.30	$21,289.88	
01/10/25	12/16/24-12/31/24	$12,661.16	($379.80)	($245.63)	$0.00	$0.00	$12,035.73	$4,280.98	$6,683.29	$1,071.46	$12,035.73	
01/21/25	Inv#4652196	$0.00	$0.00	$0.00	$0.00	($7,430.37)	($7,430.37)	($2,642.90)	($4,125.99)	($661.48)	($7,430.37)	
01/21/25	Inv#4652195	$0.00	$0.00	$0.00	$0.00	($13,459.71)	($13,459.71)	($4,787.47)	($7,474.01)	($1,198.23)	($13,459.71)	
02/03/25	10/01/24-12/31/24	$0.00	$0.00	$0.00	$1,514.58	$0.00	$1,514.58	$538.72	$841.03	$134.83	$1,514.58	
02/03/25	10/01/24-12/31/24	$0.00	$0.00	$0.00	$830.50	$0.00	$830.50	$295.40	$461.17	$73.93	$830.50	
02/10/25	01/01/25-01/31/25	$186,425.32	($5,479.53)	($3,618.92)	$0.00	$0.00	$177,326.87	$63,073.22	$98,467.42	$15,786.24	$177,326.88	
02/10/25	01/01/25-01/31/25	$105,210.26	($3,093.50)	($2,042.34)	$0.00	$0.00	$100,074.42	$35,595.37	$55,570.09	$8,908.96	$100,074.42	
03/07/25	02/01/25-02/28/25	$9,354.84	($109.14)	($184.91)	$0.00	$0.00	$9,060.79	$3,222.83	$5,031.34	$806.62	$9,060.79	
03/07/25	02/01/25-02/28/25	$5,288.52	($61.73)	($104.54)	$0.00	$0.00	$5,122.25	$1,821.93	$2,844.32	$456.00	$5,122.25	

TOTAL	$	1,918,168.53  $	(72,169.78) $	(36,920.01) $	2,345.08  $	(20,890.08) $ 1,790,533.74  $  636,873.16  $  994,261.26  $ 159,399.33  $ 1,790,533.75

92% Net Percent Collected
$  152,243.45 Balance Remaining to Collect

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	$538,214	
RESERVE FUND BALANCE	$538,214	
BONDS OUTSTANDING - 04/06/22	$22,350,000	
LESS: SPECIAL CALL - 08/1/23	($1,265,000)	
LESS: SPECIAL CALL - 11/1/23	($2,785,000)	
LESS: SPECIAL CALL - 02/1/24	($20,000)	
LESS: Principal Payment - 05/01/24	($305,000)	
LESS: SPECIAL CALL - 08/1/24	($710,000)	
LESS: SPECIAL CALL - 11/1/24	($5,000)	
CURRENT BONDS OUTSTANDING	$17,260,000	

SERIES 2023, SPECIAL ASSESSMENT REVENUE BONDS	
INTEREST RATE:	5.750%, 6.550%, 6.750%	
MATURITY DATE:	11/1/2053	
RESERVE FUND DEFINITION	MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$86,475	
RESERVE FUND BALANCE	$86,475	
BONDS OUTSTANDING - 10/20/23	$2,195,000	
LESS: Principal Payment - 11/01/24	($20,000)	
CURRENT BONDS OUTSTANDING	$2,175,000	

Section 3

Melony Bell
Supervisor of Elections�
• •	•	• • •

April 22, 2025

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

RE: Scenic Terrace South Community Development District Registered Voters

Dear Ms. Ham,

In response to your request, there are currently 234 voters within the Scenic Terrace South Community Development District. This number of registered voters in said District is as of April 15, 2025.

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

Sincerely,

Melony M. Bell 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