Myrtle Creek Improvement District
12051 Corporate Boulevard Orlando, FL 32817; 407-723-5900 www.myrtlecreekid.org

The following is the proposed agenda for the Meeting of the Board of Supervisors for the Myrtle Creek Improvement District ("District''), scheduled to be held at 5:00 p.m. on Tuesday, June 25, 2019 at 6900 Tavistock Lakes Blvd, Suite 200, Orlando, FL 32827. A quorum will be confirmed prior to the start of the meeting.
For those unable to attend in person, you may participate by telephone: Phone: 1-866-398-2885	Participant Code: 275521
BOARD OF SUPERVISORS' MEETING AGENDA

Organizational Matters
Roll Call to Confirm a Quorum
Public Comment Period
Consideration of the Minutes of the May 21, 2019 Board of Supervisors' Meeting
Consideration of Mr. Tubbs' Resignation Letter & Naming a Replacement Supervisor for Seat 3
Business Matters
Discussion Regarding Power Supply to Narcoossee and Lake Nona Boulevard Entrance Feature
Consideration of Resolution 2019-07, Re-Setting the Date, Time, and Location of the Public Hearing on the Proposed Budget for Fiscal Vear 2020
Presentation of Preliminary Operations and Maintenance Methodology Report
Ratification of Operation and Maintenance Expenditures Paid in May 2019 in an amount totaling $65,838.61
Recommendation of Work Authorization/Proposed Services (if applicable)
Review of District's Financial Position and Budget to Actual VTD Other Business
Staff Reports
District Counsel
District Manager
District Engineer

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Construction Supervisor
Audience Comments, Supervisor Requests

Adjournment

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MYRTLE CREEK IMPROVEMENT DISTRICT

Minutes of the May 21, 2019 Board of Supervisors' Meeting

MYRTLE CREEK IMPROVEMENT DISTRICT BOARD OF SUPERVISORS' MEETING MINUTES

FIRST ORDER OF BUSINESS

The Board of Supervisors' Meeting for the Myrtle Creek Improvement District was called to order on Tuesday, May 21 2019 at 5:20 p.m. at 6900 Tavistock Lakes Blvd, Suite 200, Orlando, FL 32827. Board Members listed below constituted a quorum.

Jeff Macre Kam Shenai Kyle Scholl Bob da Silva

Also present were:

Chair
Assistant Secretary Assistant Secretary Vice-Chair

(via phone)

Lynne Mullins Jennifer Walden Tucker Mackie Larry Kaufmann Jeff Newton Scott Thacker Steven Flint Scott Thacker Amanda Lane

SECOND ORDER OF BUSINESS

PFM
PFM
Hopping Green & Sams Construction Supervisor Donald W. McIntosh Associates Construction Committee Tavistock
Tavistock
PFM	(via phone)

Public Comment Period

Ms. Walden noted for the record that there were no public comments at this time.

THIRD ORDER OF BUSINESS		Consideration of the Minutes of the April 16, 2019 Board of Supervisors' Meeting

Board Members reviewed the minutes from the April 16, 2019 Board of Supervisors' Meeting.

On Motion by Mr. Scholl, second by Mr. Shenai, with all in favor, the Board of Supervisors of the Myrtle Creek Improvement District approved the Minutes of the April 16, 2019 Board of Supervisors' Meeting.

FOURTH ORDER OF BUSINESS

Consideration of the Minutes of   the	May   6,   2019	RFP

1

Meeting to Open Responses for Landscaping and Irrigation Maintenance Services

Board Members reviewed the minutes from the May 6, 2019 RFP Meeting to Open Responses for landscaping and irrigation Maintenance Services.

On Motion by Mr. Macre, second by Mr. Scholl, with all in favor, the Board of Supervisors of the Myrtle Creek Improvement District approved the Minutes of the May 6, 2019 RFP Meeting to Open Responses for Landscaping and Irrigation Maintenance Services.

FIFTH ORDER OF BUSINESS		Letter	from	Supervisor	of Elections - Orange County

Ms. Walden noted for the record that there are currently 2,182 registered voters living in the District.

SIXTH ORDER OF BUSINESS		Consideration of Resolution 2019-05, Election of Officers

Ms. Walden explained that the current slate of officers is as follows; Mr. Macre as Chair, Mr. da Silva as Vice-Chair, Ms. Walden as Secretary, Ms. Mullins Mr. D. Tubbs, Mr. Scholl, and Mr. Shenai as Assistant Secretaries, Dr. Fishkind as Treasurer, and Ms. Glasgow as Assistant Treasure.

Ms. Walden recommended removing Dr. Fishkind from the Treasure position and putting Ms. Lane in place of Dr. Fishkind as the Treasure.

On Motion by Mr. Scholl, second by Mr. Macre, with all in favor, the Board of Supervisors of the Myrtle Creek Improvement District approved Resolution 2019-05, Election of Officers, as Follows; Mr. Jeff Macre as Chair, Mr. Bob da Silva as Vice-Chair, Ms. Jennifer Walden as Secretary, Ms. Lynne Mullins, Mr. Donald Tubbs, Mr. Kyle Scholl, and Mr. Kam Shenai as Assistant Secretaries, Ms. Amanda Lane as Treasurer, and Ms. Jennifer Glasgow as Assistant Treasure.

SEVENTH ORDER OF BUSINESS

Consideration of Conveyance of Performance Drive Phase 2
Special Warranty Deed from LNC to Myrtle Creek ID
Special Warranty Deed from Myrtle Creek ID to City of Orlando
Closing Statement

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Ms. Mackie explained the conveyance of Performance Drive Phase 2. These are the documents relating to the acquisition of the right-of-way itself. The deeds are in the form that the Board has previously approved for other conveyances. The amount of the acquisition is for 2.276 acres at the appraised amount of
$217,930.00 per acre arrives at an acquisition dollar value of $496,008.68.

EIGHTH ORDER OF BUSINESS		Consideration of Acquisition of Roadway, Stormwater and Utility Improvements for Performance Drive Phase 2
Bill of Sale
Letter from Lake Nona Land Company

Ms. Mackie explained that the Developer would like the District to acquire the improvements for a dollar amount of $1,864,123.56.

Ms. Mackie explained the Bill of Sale. There is significant documentation that is required pursuant to the acquisition agreement prior to the District accepting improvements. She explained those documents and that they have been confirmed and reviewed by staff.

Ms. Mackie requested a motion to approve and acquire the right-of-way for Performance Drive Phase 2 in a not to exceed amount of $496,008.68.

On Motion by Mr. Scholl, second by Mr. Shenai, with all in favor, the Board of Supervisors of the Myrtle Creek Improvement District approved the acquisition of the right-of-way for Performance Drive Phase 2 in a not-to-exceed amount of $496,008.68.

Ms. Mackie requested a motion to approve the acquisition of the improvements identified in the District's approved Engineer's Report and summarized in the Bill of Sale in an amount not-to-exceed $1,864,123.56

On Motion by Mr. Shenai, second by Mr. Scholl, with all in favor, the Board of Supervisors of the Myrtle Creek Improvement District approve the acquisition of the improvements identified in the District's approved Engineer's Report and summarized in the Bill of Sale in an amount not-to-exceed $1,864,123.56.

NINTH ORDER OF BUSINESS

Ms. Walden asked the Board to table this ttem until the next meeting.

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Consideration	of	District Website Agreement-Tabled

TENTH ORDER OF BUSINESS

Ms. Walden asked the Board to table this item until the next meeting.

ELEVENTH ORDER OF BUSINESS

Consideration of ADA Auditing Services Agreement­ Tabled

Consideration of Award of Landscape and Irrigation Maintenance Services- Lake Nona Central - Boulevard and Roadways

Mr. Thacker reviewed the recommended ranking by the Construction Committee. He noted that one of the bidders, HHLC was awarded zero points. Based on the bid received it was incomplete. They did not provide the information necessary to evaluate their ability to perform the scope of work. The Construction Committee deemed their proposal non-responsive.

In both sections and in the combined Cepra came out with the highest amount of points. It is the Construction Committee's recommendation that the bid be awarded to Cepra.

Mr. da Silva asked the cost difference. The District is currently paying $182,000.00 for section 1 and it will be increased to $205,000.00. The District is currently paying $37,956.00 for section 2 and that is actually decreasing. Ms. Walden noted that section 1 is an increase of $23,166.00.

Mr. da Silva asked if the District should have awarded some points to HHLC. Mr. Thacker reviewed the information that they provided and noted that they did not even meet the minimum requirements in numerous categories for staff to even provide an analysis. Ms. Mackie stated that staff is recommending that HHLC be deemed non responsive so they are technically not being ranked at all. HHLC left out their narrative description, did not provide resumes, did not provide their proposed level of staffing in a narrative description, no certincate of fnsurance, no references and that was the basis for determining that the construction committee did not have enough information.

Ms. Mackie noted that Helping Hands Lawn Care reached out when they saw the bid materials included within the agenda package challenging the fact that they were being deemed non responsive to the bid. Staff feels confident in the Construction Committee's recommendation. The District might receive a protest and the alternative is as likely in the event that the board were to rank HHLC that another bidder would feel that they had a competitive advantage by not having to submit anything but a price and the Board would consider it anyway.

On Motion by Mr. Shenai, second by Mr. Scholl, with all in favor, the Board of Supervisors of the Myrtle Creek Improvement District adopted the rankings provided by the Construction Committee for the Landscape and Irrigation Maintenance Services- Lake Nona Central- Boulevard as Cepra ranked as #1, Down to Earth ranked as #2, BrightView ranked as #3, Carol King ranked as #4, Omega Scapes as #5 and Helping Hand Lawn Care deemed non-responsive and authorized District staff to send out the notice of award letters.

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TWELFTH ORDER OF BUSINESS		Review of Budget to Actuals for FY 2017, FY 2019, and FY 2019

Ms. Walden stated that this was requested by the Board at the last meeting. The Board reviewed the budget to actuals. No action is required.

THIRTEENTH ORDER OF BUSINESS	Resolution	2019-06,
Approving a Preliminary Budget for Fiscal Year 2020 and Setting a Public Hearing Date

Ms. Walden stated that today the Board needs to approve a preliminary budget and it must be done prior to June 15, 2019. The Board can move line items around between now and that public hearing date but the Board cannot increase the overall budget after today. District staff is recommending August 19, 2019 for the public hearing. District staff has reached out to the Lake Nona Lake House and they approved the August 20, 2019 date for the other Districts. District staff will have to check on the availability for August 19, 2019.

District staff is requesting an increase in the budget to that brings total expenditures to $1,002,670.70. Mr. Shenai asked about the assessment increase. Ms. Mackie explained that there will be an increase but it may not be as much as if the District stuck with the EAU methodology that they had in the prior fiscal year based on the more intensive development in the Performance Drive and Wellspring Drive area. Staff will be working to develop the revised Methodology and present it to the Board at the June meeting.

Ms. Watden reminded the Board that a few years ago the Board decided to use what was in the money market reserve account to offset some of those assessments to avoid taking the increase then and the money market reserve will be depleted this year and that also factors into the budget increase and increase in assessments.

On Motion by Mr. Shenai, second by Mr. Macre, with all in favor, the Board of Supervisors of the Myrtle Creek Improvement District approved Resolution 2019-06, Approving a Preliminary Budget for Fiscal Year 2020 and Setting the Public Hearing Date for Monday August 19, 2019 at 5:00 p.m. at the Lake Nona Lake House, 13623 Sachs Avenue, Orlando, FL 32827.

FOURTEENTH ORDER OF BUSINESS

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Ratification of Requisition Nos. 526 - 529 Approved in April in an amount totaling
$560.82

Board Members reviewed the Requisition Nos. 526- 529 Approved in April in an amount totaling $560.82. Ms. Walden noted that these have already been approved and paid and just needs to be ratified by the Board.

On Motion by Mr. Macre, second by Mr. Scholl, with all in favor, the Board of Supervisors of the Myrtle Creek Improvement District ratified Requisition Nos. 526 - 529 Approved in April in an amount totaling
$560.82.

FIFTEENTH ORDER OF BUSINESS	Ratification of Operation and Maintenance Expenditures Paid in April 2019 in an amount totaling $71,453.87

Board Members reviewed the Operation and Maintenance Expenditures paid in April 2019 in an amount totaling $71,453.87. Ms. Walden noted that these have already been approved and paid and just needs to be ratified by the Board.

On Motion by Mr. Macre, second by Mr. Scholl, with all in favor, the Board of Supervisors of the Myrtle Creek Improvement District ratified the Operation and Maintenance Expenditures Paid in April 2019 in an amount totaling $71,453.87.

SIXTEENTH ORDER OF BUSINESS		Recommended	Work Authorization/Proposed Services

Mr. Kaufmann presented a work authorization to the Board from Kittleson & Associates for a traffic study at the intersection of Lake Nona Boulevard and Performance Drive in an amount totaling $19,000.00.

This proposal was approved by the District already under the Construction Supervisor's authority to approve change orders up to $20,000.00. The District Manager executed it on behalf of the District so it is coming back to the Board for ratification.

On Motion by Mr. Macre, second by Mr. Scholl, with all in favor, the Board of Supervisors of the Myrtle Creek Improvement District ratified the Work Authorization proposed for Performance Drive Phase 3 totaling $19,000.00 to Kittleson & Associates.

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SEVENTEENTH ORDER OF BUSINESS	Review of District's Financial Position and Budget to Actual YTD

Ms. Walden presented the District's financial statements to the Board. No action is required by the Board. Ms. Walden noted that District staff is continuing to keep an eye on the cash flow and expenses.

EIGHTEENTH ORDER OF BUSINESS	Staff Reports

District Counsel - District Manager -

District Engineer -

Construction Supervisor -

Irrigation Specialist -

No Report

Ms. Walden noted that the next meeting is Tuesday June 18, 2019. The landscaping expenses on Gateway road is supposed to be split between Boggy Creek and Myrtle. District staff found out that was not being done and have rectified the situation. Myrtle has paid their portion back to Boggy and that is brought out in the budget.

Mr.   Newton   stated   that   the   Board   should  start   seeing   activity  ,in Performance Drive Phase 3. Jr. Davis should be able to start construction of that road next month.

Mr. Kaufmann stated that at the last Board meeting he presented a proposal to do trail repair and it has been a struggle getting a hold 1>f the proposer. He requested that the Board authorize the Construction Committee to investigate Felix to ask them for a cost to do the spot repairs.

Mr. Macre asked Mr. Kaufmann to get a proposal from Jr. Davis since they are going to be doing Performance Drive and relocating part of the trail as part of their MOT. Mr. Kaufmann stated that they could but it would delay doing any repairs for another 6-8 months. Mr. da Silva recommended that they not give up on the original proposer because Felix and Jr. Davis will not be as competitive.

No Report

NINTEENTH ORDER OF BUSINESS	Supervisor Requests, Audience Comments & Adjournment

Mr. Macre sent District staff a photo of the semi-truck parked on the trail. Mr. da Silva stated that it was not authorized activity. The truck driver arrived during the night when no one was on site and decided it was a good idea to park there and he was reprimanded the next day. There was no other business to discuss. Ms. Walden requested a motion to adjourn.

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On Motion by Mr. Macre second by Mr. Scholl, with all in favor, the May 21, 2019 Meeting of the Board of Supervisors of the Myrtle Creek Improvement District was adjourned.

Secretary/Assistant Secretary	ChairNice Chair

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MYRTLE CREEK IMPROVEMENT DISTRICT

Mr. Tubbs' Resignation Letter

ro All Concern,

June 18, 2019

I, Donald M. Tubbs, is resigning my position on the Myrtle Creek Improvement District board due to moving out of the area. Thank you.

Donald M. Tubbs

MYRTLE CREEK IMPROVEMENT DISTRICT

Resolution 2019-07,
Re-Setting the Date, Time and Location of the Public Hearing on the Proposed Budget for Fiscal Year 2020

RESOLUTION 2019-07
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE MYRTLE CREEK IMPROVEMENT DISTRICT AMENDING RESOLUTION 2019-06 TO RE-SET THE DATE AND TIME OF THE PUBLIC HEARING ON THE PROPOSED BUDGET FOR FISCAL YEAR 2019/2020; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Myrtle Creek Improvement District ("District") is a local unit of special-purpose government established pursuant to the Uniform Community Development District Act of 1980, as codified in Chapter 190, Florida Statutes, for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure improvements; and

WHEREAS, on May 21, 2019, at a duly noticed public meeting, the District's Board of Supervisors ("Board") adopted Resolution 2019-06, approving the proposed budget for Fiscal Year 2019/2020 and setting a public hearing on the proposed budget for August 19, 2019 at 5:00
p.m. at the Lake Nona Lakehouse, 13623 Sachs Avenue, Orlando, Florida 32827; and

WHEREAS, due to the unavailability of the meeting location on the proposed date, the Board rescheduled the date of the public hearing to August 22. 2019 at 5:00 p.m. at Lake Nona Lakehouse, 13623 Sachs Avenue, Orlando, Florida 32827, and the District Manager has caused the notice of the public hearing, with the new date to be published in a newspaper of general circulation in Orange County, Florida, consistent with the requirements of Chapters 190 and 197, Florida Statutes.
WHEREAS, the Board desires to ratify the District Manager's action in re-setting the public hearing.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE MYRTLE CREEK IMPROVEMENT DISTRICT:
SECTION 1. PUBLIC HEARING DATE, TIME AND LOCATION. The District
Manager's actions in re-setting the public hearing are hereby ratified. Resolution 2019-06 is hereby amended to reflect that the public hearing as declared in Resolution 2019-06 is reset to:

August 22, 2019
5:00 p.m.
Lake Nona Lakehouse 13623 Sachs Avenue
Orlando, Florida 32827

The District Manager shall send a copy of this Resolution to the City of Orlando and Orange County upon adoption.

SECTION 2. RESOLUTION 2019-06 OTHERWISE REMAINS IN FULL FORCE
AND EFFECT. Except as otherwise provided herein, all of the provisions of Resolution 2019- 06 continue in full force and effect.

SECTION 3. 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.

SECTION 4. EFFECTIVE DATE. This Resolution shall take effect upon its passage and adoption by the Board.

PASSED AND ADOPTED this 25th day of June, 2019.

ATTEST:

Secretary

MYRTLE CREEK IMPROVEMENT DISTRICT

By: 	_ Its: 		

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MYRTLE CREEK IMPROVEMENT DISTRICT

Preliminary Operations and Maintenance Methodology Report

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OPERATION & MAINTENANCE EXPENSE ASSESSMENT METHODOLOGY REPORT FOR MYRTLE CREEK IMPROVEMENT DISTRICT
FISCAL YEAR 2019-2020

June 2019 

Members of the Board of Supervisors,
Myrtle Creek Improvement District

Prepared on June 11, 2019

PFM Financial Advisors LLC 1 2051 Corporate Boulevard
Oriando, FL 32817

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OPERATION & MAINTENANCE EXPENSE ASSESSMENT METHODOLOGY REPORT FOR
MYRTLE CREEK IMPROVEMENT DISTRICT FISCAL YEAR 2019-2020
June 11, 2019

0	Introduction
1	Purpose
The Myrtle Creek Improvement District ("Myrtle Creek" or "District' or "Myrtle Creek ID") was established in 2001. The District encompasses approximately 732 acres within the City of Orlando. The District has installed its capital improvement plan ("CIP") forthe development planned within the District. The District currently funds Operation and Maintenance ro&M) of its existing capital improvements. These O&M expenses arefunded via the collection ofanannual non-ad valorem special assessment. As the District's O&M responsibilities vary over time, the District's O&M expenses will vary to meet the District's needs.

This Operation and Maintenance Expense Assessment Methodology Report ("O&M Methodology Report") provides a methodology to allocate the annual O&M expenses among the residential, non­ residential development and vacant acres within the District that receive a special benefit from the ClP installed within the District.

The methodology described here allocates the District's annual O&M expenses to properties based upon the benefits each receives from the infrastructure program. This report is designed to conform to the requirements of Chapters 190 and 170, F.S. with respect to special assessments and is consistent with PFM Financial Advisors LLC ("PFM FA" or "Assessment Consultant'') understanding of Florida state statutes and the case law on this subject.

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Background

The Board of Supervisors ("Board") of the District previously approved Resolution 2019-06 on May 21, 2019 which included the Myrtle Creek Community Development District Proposed Budget for Fiscal Year 2020 ("201 9-2020 O&M Budger).

The District currently funds O&M of its existing infrastructure. These O&M expenses are funded via the collection of an annual non-ad valorem special assessment. As the District's operation and maintenance responsibilities vary over time, the O&M expenses will vary to meet the District's needs.

Purpose

The lands within the District have undergone substantial development since 2001. It is appropriate for the District to refine the methodology for both its current O&M operations associated with its existing infrastructure as well as outline the methodology regarding O&M expenses associated with the forecasted development within the District. This O&M Methodology Report is associated with the 2019- 2020 Budget.

This O&M Methodology Report contains the recommended O&M assessment methodology ("O&M Methodology") to be used for allocating the District's Fiscal Year 2019-2020 O&M Budget, also, for the allocation of O&M assessments in future years. Table 1 summarizes the 2019-2020 O&M Budget on a net basis as well as on a gross basis. The estimated gross assessment is based on the 201 9-2020 O&M Budget, and it includes a 4% gross up for an allowance for early payment of assessments.

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Table 1. Myrtle Creek Fiscal Year 2019-2020 O&M Budget

General & Administrative	$	138,700.00	
Legislative	$	12,000.00	
Financial & Administrative	$	126,700.00	
Field Operations	$	863,970.70	
Electric Utility Services	$	1 ,500.00	
Water-Sewer Combination Services	$	25,000.00	
Stormwater Control	$	10,160.00	
Other Physical Environment	$	571 ,890.48	
Wellspring Blvd./Performance Drive Expenses	$	5,000.00	
Interchange Maintenance Expenses	$	112,893.55	
New Operational Field Expenses	$	80,000.00	
Road & Street Facilities	$	25,000.00	
Parks & Recreation	$	20,000.00	
Reserves	$	12,526.67	
Less
Developer Contribution	
$	47,956.00	
Interest Income	$	8,000.00	
TOTAL (O&M on Roll)	$	946,714.70	
GROSS {O&M on Roll}	$	986,161.15	
Source: Myrtle Creek ID Proposed Budget for Fiscal Year 2020

Requirements ofa Valid Assessment Methodology

In PFM FA's experience, there are two primary requirements for special assessments to be valid under Florida law. First, the properties assessed must receive a special benefit from the improvements paid for via the assessments. Second, the assessments must be fairly and reasonably allocated to the properties being assessed. If these two characteristics of valid special assessments are adhered to, Florida law provides some latitude to legislative bodies, such as the District's Board of Supervisors, in approving special assessments. Indeed, Florida courts have found that the mathematical perfection of calculating special benefit is likely impossible. Our research suggests that only if the District's Board was to act in an arbitrary, capricious, or grossly unfair fashion would its assessment methods be overturned.

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Assessment Methodology

Overview

The assessment methodology is a process by which the District will allocate the costs associated with its O&M activities to properties in the District benefiting from the improvements. The allocation is based upon the benefits that each property receives.

Allocation ofAnnual O&M Budget

The District has previously issued special assessment bonds to fund a portion of its CIP. As most of the District's annual O&M expenses relate to the O&M ofcapital improvements funded throughthe issuance of special assessment bonds, it is appropriate to use the equivalent residential unit ("ERU") values
assigned to land uses for purposes of allocating bond debt service assessments for capital improvements. These ERU units have been approved by the Board as representative of the proportionate benefit conferred on properties due to the implementation ofthe District's CIP. The ERU values assigned to properties within the District are found in Table 2. The ERU values shown in Table 2 have also been used by the District as the basis for allocating annual O&M expenses. This structure has served the District well and is reasonable to continue the use of these ERU values as the foundation for the allocation of O&M expenses amongst the District's property owners. As shown in Table 2, the District includes or is forecast to include the following land uses and associated ERU values.

It's important to note that the District is still in the development process, and includes vacant developable acres, and the District has yet to finalize its full set of land uses, especially as it relates to the non­ residential development within the District. Each developable vacant acre at this time is given an ERU value of 1 .0.

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Table 2. Myrtle Creek Existing and Forecast Land Uses and ERU Values

Residential	Units	ERU Value/Unit	ERUs	
SF - Medium	352	1 .00	352.0	
SF - Large	284	1 .07	303.9	
SF - Estate Homes	144	1.73	249.1	
Duplex	392	0.85	333.2	
Townhome	258	0.85	219.3	
Multi-Family (apts)	278	0.31	86.2	
Subtotal			1,543.7	
Non-Residential	Units - SQFT	ERU Value/Unit	ERUs	
Tennis Courts (units)	102	0.450	45.9	
Training, Admin, Dorm Structures	128,064	0.00065	83.2	
USTA Stadium (seats)	0	0 00450	0.0	
USTAFL Facility	9,654	0.00038	3.7	
USPTA Facility	9,330	0.00038	3.5	
Corporate Training Rooms	0	0.250	0.0	
Hotel Rooms	0	0.400	0.0	
Village Watk @ Lake Nona	4,410	0.00100	4.4	
Subtotal			140.8	
Non-Residential	Acreage	ERU ValuefUnit	ERUs	
Lake Nona Land Co LLC	99.0	1 .00	99.0	
Adventist Health System/Sunbelt Inc.	6.5	1 .00		
Lake Nona Land Co LLC	127.1	1 .00	127.1	
Lake Nona Land Co LLC	0,2	1 .00	0.2	
Adventist Health System/Sunbelt Inc.	8,4	1 .00	8.4	
Lake Nona Land Co LLC	11.3	1 .00	11 .3	
KPMG		1 .00	54.9	
Lake Nona Land Co LLC	2.8	1 .00	2.8	
Lake Nona Land Co LLC	20.9	1 .00	20.9	
USTA	5.0	1 .00	5.0	
Subtotal			336.1	

TOTAL
Source Myrffe Creek ID and Tallislock Oevelopmenl Company

2 020.6

With respect to O&M activities, it is reasonable that each unit receives a benefit from the community­ wide O&M activities. As a result, the annual O&M budget is allocated on an ERU basis. Table 3 summarizes the allocation ofthe 2019-2020 O&M Budget in total and on an ERU basis.

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Table 3. Summary ofAnnual O&M Assessments - Fiscal Year 2019-2020

	Unit		ERU
Value/	Total	Catesm!l in
Gross	Gross O&M l!!f	
Residential Product ll!I!!	Count		Unit	�RU's	Assessments	Unit (FY19-20)	
SF - Medium	352		1 .00	352.0	$171 ,797	$488.06	
SF - Large	284		1.07	303.9	$148,312	$522.22	
SF - Estate Homes	144		1.73	249.1	$121 ,585	$844.34	
Duplex	392		0.85	333.2	$162,621	$414.85	
Townhome	258		0.85	219.3	$107,031	$414.85	
Mum-Family (apts)	278		0.31	86.2	$42,061	$151.30	
Subtotal				1 ,543.7	$753,408		

O&M l!!r

earcel ID Individual Parcel IDs will be provided for each residential unitas available in the Property Appraiser data

	SQFTor			Gross	Gross O&M l!!r	
Parcel ID	Nonresidential	Units			Assessments	Unit (FY19-20}	
302414496401000	Tennis Courts (units)	102	0.450	45.9	$22,402	$488.06	
302414496401000	Training, Admin, Dorm Structures	128,064	0.00065	83.2	$40,627	$488.06	
302414496401000	USTA Stadium (seats)	0	0.00450	0.0	$0	$0.00	
302414496501001	USTAFL Facility	9,654	0.00038	3.7	$1,790	$488.06	
302414496501002	USPTA Facility	9,330	0.00038	3.5	$1,730	$488.06	
302413497101000	Corporate Training Rooms	0	0.250	0.0	$0	$0.00	
TBD	Hotel Rooms	0	0.400	0.0	$0	$0.00	
302413833601000	Village Walk @ Lake Nona	4,410	0.00100	4.4	$2,152	$488.06	
	Subtotal			140.8	$68,702		
					
O&M l!!f		
					�ate92!] ill
Gross	Gross O&M l!!r	
Parcel ID	Nonresidential	Acreage			Assessments	Unit (FY19-20)	
302413000000002	Lake Nona Land Co LLC	99.0	1 .00	99.0	$48,318	$488.06	
302413493501000	Adventist Health System/Sunbelt Inc.	6.5	1.00	6.5	$3,192	$488.06	
302424000000003	Lake Nona Land Co LLC	127.1	1 .00	127.1	$62,018	$488.06	
312418000000006	Lake Nona Land Co LLC	0.2	1 .00	0.2		$488.06	
312418468901000	Adventist Health System/Sunbelt Inc.	8.4	1 .00	8.4	$4,109	$488.06	
302424493902000	Lake Nona Land Co LLC	11 .3	1 .00	11 .3	$5,520	$488.06	
302413497101000	KPMG	54.9	1 .00	54.9	$26,794	$488.06	
302414496502000	lake Nona Land Co LLC	2.8	1 .00	2.8	$1 ,381	$488.06	
302414496504000	Lake Nona Land Co LLC	20.9	1 .00	20.9	$10,181	$488.06	
302414496401000	USTA	5.0	1 .00	5.0	$2,440	$488.06	
	Subtotal			336.1	$164,051		

O&M l!!r C11l!02!l ID

$98

TOTAL
Source Myrtle Creek ID

2,020.6

$986 161

7

VIA FIRST CLASS MAIL
XXX
XXX

THIS IS NOT A BILL - DO NOT PAY
 	, 2019 

XXXXXX

[PARCEL ID]

RE:	Myrtle Creek Improvement District
Fiscal Year 201 9/2020 Budget and O&M Assessments
Dear Property Owner:
On behalf of the Board of Supervisors ("Board") of the Myrtle Creek Improvement District ("District")', I am writing to provide you with notice regarding that the District's Board will hold two (2) public hearings during its August regular meeting in connection with the District's budget process for the fiscal year beginning October I, 2019 and ending September 30, 2020 ("Fiscal Year 2019/2020").
As described in more detail below, the District is presently undertaking its budget and assessment process for Fiscal Year 201 9/2020. For the upcoming year, the District anticipates an increase in operations and maintenance assessments ("O&M Assessments") in the amounts indicated in Attachment A to fund the budget. The items funded by the O&M Assessments are intended to help keep the development at its existing high standards. Please also note that, generally stated, this increase is not entirely the result of increased expenditures for Fiscal Year 201 9/2020 that would overall result in an increased budget. Rather, in prior years the District had excess funds in its general account that it applied to cover the costs of various budget items and thus, it was able to assess landowners at a lower amount to cover those expenditures. The District does not anticipate having excess funds at the end of the current fiscal year and, as a result, it is necessary to increase your O&M Assessments. If you would like to provide feedback on the District's proposed budget ("Proposed Budget"), there are two public hearings and a regular meeting scheduled set forth below at which you may appear and comment. Alternatively, you can contact the District Manager's Office at the address provided herein.
Public Hearings and Regular Meeting
Pursuant to Chapters 170, 1 90, and 197, Florida Statutes, the District will be holding two public hearings and a Board meeting for the purpose of adopting the District's Proposed Budget for the Fiscal Year 201 9/2020 and levying O&M Assessments to fund the Proposed Budget for Fiscal Year 201 9/2020 in accordance with the proposed Operations and Maintenance Assessment Methodology, on August 22, 2019, at 5:00 p.m. at the Laureate Park Lakehouse, 1 3623 Sachs Avenue, Orlando, Florida 32827. The District is a special purpose unit of local government established under Chapter 1 90, Florida Statutes, for the purposes of providing infrastructure and services to your community. The proposed O&M Assessment information for your property is set forth in Attachment A.
The public hearings and meeting are open to the public and will be conducted in accordance with Florida law. A copy of the Proposed Budget, the proposed Operations and Maintenance Assessment Methodology and assessment roll, and the agenda, for the hearings and meeting may be obtained by contacting 1 205 1 Corporate

1  As you may know, the District is a local unit of special-purpose government established under Chapter 190, Florida Statutes. The District provides certain types of infrastructure and services for your community, including the property identified above ("Property"). You are receiving this notice because Orange County records indicate that you are the owner of the Property, which is located within the District.

Boulevard, Orlando, Florida 32817, (407) 352-3256 ("District Manager's Office"). The public hearings and meeting may be continued to a date, time, and place to be specified on the record. There may be occasions when staff or board members may participate by speaker telephone. Any person requiring special accommodations because of a disability or physical impairment should contact the District Manager's Office at least forty-eight
hoursprior to the meeting. Ifyou are hearing or speech impaired, please contact the Florida Relay Service by dialing 7- 1-1, or 1 -800-955-8771 (TTY) / 1 -800-955-8770 (Voice), for aid in contacting the District Manager's Office.
Please note that all affected property owners have the right to appear and comment at the public hearings and meeting and may also file written objections with the District Manager's Office within twenty (20) days of issuance of this notice. Each person who decides to appeal any decision made by the Board with respect to any matter considered at the public hearings or meeting is advised that person will need a record of proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.
If you have any questions, please do not hesitate to contact the District Manager's Office.
Sincerely,
Jennifer Walden District Manager

Attachment A
Summary ofO&M Assessments
Proposed Budget / Total Revenue. For all O&M Assessments levied to fund the Proposed Budget for Fiscal Year 201 9/2020, the District expects to collect no more than $	m gross revenue.
Unit of Measurement. The O&M Assessments are allocated on a per acre basis for undeveloped property and on an Equivalent Residential Unit ("ERU") basis for property included within an approved Specific Parcel Master Plan. Your property is classified as a  	
Schedule of O&M Assessments:

Land Use	Total # ofUnits / Acres

.,	ERU Factor

'		Proposed Annual O&M Assessment (including collection costs / early pavment discounts)	

				
Undeveloped Land				
Note that the O&M Assessments do not include any debt service assessments previously levied by the District and due to be collected for Fiscal Year 201 9/2020. Moreover, pursuant to Section 197.3632(4), Florida Statutes, the lien amount shall serve as the "maximum rate" authorized by law for operation and maintenance assessments, such that no assessment hearing shall be held or notice provided in future years unless the assessments are proposed to be increased or another criterion within Section 197.3632(4) is met.
Proposed O&M Assessments for Your Property.

Current Annual O&M Assessment
(October 1, 2018 - September 30, 2019)	Proposed Annual O&M Assessment (October 1, 2019 - September 30,
2020)	Change in Annual Dollar
Amount	
			
Collection. By operation of law, the District's assessments each year constitute a lien against benefitted property located within the District just as do each year's property taxes. For Fiscal Year 201 9/2020, the District intends to directly collect the assessments imposed on the benefitted property by sending out a bill prior to, or during, November 2019. For delinquent assessments that were initially directly billed by the District, the District may initiate a foreclosure action or may place the delinquent assessments on the next year's county tax bill. IT IS IMPORTANT TO PAY YOUR ASSESSMENT BECAUSE FAILURE TO PAY WILL CAUSE A TAX CERTIFICATE TO BE ISSUED AGAINST THE PROPERTY WHICH MAY RESULT IN LOSS OF TITLE, OR FOR DIRECT BILLED ASSESSMENTS, MAY RESULT IN A FORECLOSURE ACTION, WHICH ALSO MAY RESULT IN A LOSS OF TITLE. The District's decision to collect assessments on the tax roll or by direct billing does not preclude the District from later electing to collect those or other assessments in a different manner at a future time.

MYRTLE CREEK IMPROVEMENT DISTRICT

Operation and Maintenance Expenditures Paid in May 2019 in an amount totaling $65,838.61

(

MYRTLE CREEK IMPROVEMENT DISTRICT
DISTRICT OFFICE • 12051 CORPORATE BLVD • ORLANDO, FL 32817 PHONE: (407) 382-3256 • FAX: (407) 382-3254

Operation and Maintenance Expenditures For Board Approval
Attached please find the check register listing Operations and Maintenance expenditures paid from May 1, 2019 through May 31, 2019. This does not include expenditures previously approved by the Board.

The total items being presented: $65,838.61

Approval of Expenditures:

_ Chairman

Vice Chairman

Assistant Secretary

6/7/19
12:47:01 PM			Myrtle Creek Improvement District	Page: 1
AP Check Register (Current by Bank)	
			Check Dates: 5/1/2019 to 5/31/2019	
Check No.	Data	Status'"	Vendor ID	Paiee Name	Amount	
BANK ID:   SUN - CITY NATIONAL BANK	001-101.(1000-00-01	
3521	05/21/19	p	AWC	Aquatic Weed Control, Inc.	$325.00	
3522	05/21/19	p	DONMC	Donald W. McIntosh Associates	$3,060.00	
3523	05/21/19	p	FAC	Fire Ant Control	$1 ,405.00	
3524	05/21/19  p	FISH	Fishkind & Associates, Inc.	

3525	05/21/19	p	FMULCH	Florida Mulch	$7,200,20	
3526	05/21/19	p	HGS	Hopping Green & Sams	$2,112.99	
3527	05/21/19	p	MLM	Michael's Lighting & Electric	$81.25	
3528	05/21/19	p	ORLSEN	Orlando Sentinel	$196.25	
3529	05/21/19	p	PFMGC	PFM Group Consulting	'	$6,666.66	
3530	05/21/19   p	TRUSTE	US  Bank as Trustee for Myrtle	De b +-  <;.e..v'\)1 t.8	�64:t)7'-	
3531	05/21/19	p		BVLS	BrightView Landscape Services		$1 7,822.13	
3531	05/21/19	V	5/21/19	BVLS	BrightView Landscape Services		($17,822.13)	
3532	05/21/19	p		VENTUR	Venturesln.com		$105.00	
3533	05/21/19	p		BVLS	BrightView Landscape Services		$1 7,822.13	
3534	05/24/19 	p		BVLS	BrightView landscape Services		$617.00	
3535	05/24/19 	p		DONMC	Donald W. McIntosh Associates		$6,272.00	
3536	05/24/19	p		GAi	Gai Consultants		$7,970.50	
	05/28/19	p		BERMAN	Berman Construction		$5,000.00	
3538	05/28/19	p		JMACRE	Jeff Macre		$200.00	
	05/28/19	p		KSHENA	Kamalakar Shenai		$200.00	
3540	05/28/19 	p		KSCHOL	Kyle Scholl		$200.00	
3541	05/28/19 	p		LDASIL	Lionel R. Dasilva		$200.00	
						BANK SUN REGISTER TOTAL:	$88,859.64	

3537

3539

GRAND TOTAL	$88,859.64

C

* Check Status Types: "P" - Printed ; "M" - Manual ; "V" • Vold ( Vold Data ); "A" • Application: "E" - EFT

Amanda Lane

From: Sent:
To:
Cc:     Subject: Attachments:

Amanda Lane
Wednesday, May 1 5, 2019 1 :51 PM
Larry Kaufmann; Damon Ventura; AccountsPayable Diana Garcia; Lisa Toney (ltoney@dwma.com)
RE: Myrtle Creek - FR #24 MCID FR #024.pdf

EXTERNAL EMAIL: Use care with links and attachments.

Funding Request #24 is approved for processing.

KDS

Kaufmann Development Services, LLC Larry Kaufmann, PE
(407) 448-6592
LKaufmann@tavistock.com

From: Amanda Lane <lanea@pfm.com>
Sent: Wednesday, April 17, 2019 6:14 PM
To: Damon Ventura <dventura@tavistock.com>; AccountsPayable <accountspayable@tavistock.com> Cc: Larry Kaufmann <lkaufmann@tavistock.com>
Subject: Myrtle Creek - FR #24

EXTERNAL E-MAIL
Please see attached for Myrtle Creek FR #24 for $14,859.50. Amanda Lane
Assistant Chief District Accountant PFM Group Consulting LLC
407.723.5900 - main number// 407.723.5901 - fax 844.736.4233 // 844.PFM.4CDD
12051 Corporate Blvd. I Orlando, FL 3281 7 LaneA@pfm.com
Please note my new email address and phone number, effective March 7, 2019

1

MYRTLE CREEK IMPROVEMENT DISTRICT

Funding Request #024
4/1 7/2019
Item	
Payee	
Invoice	
General	
No.		Number	Fund	

1	
BrightView Landscape Services Wellspring Drive • Clock B Repairs	
6271552	
$	211 .00	
	Wellspring Drive - Clock A Repairs	6272686	$	406.00	
2	Donald W McIntosh Associates
Wellspring Drive & Pertormance Drive Engineering Services Through 02122/2019 	
36366	
$ 3, 1 22.50	
	Performance Drive Ph 3 Engineering Services Through 02/22/2019 	36374	$ 3,1 49.50	
3	Gai Consultants
Performance Drive Phase 3 Services Through 1 0/1 3/2018 	
2130732	
$ 1 ,770. 50	
	Performance Drive Phase 3 Services Through 03/1 6/2019 	21 36594	$ 6,200.00	
		TOTAL	
$ 1 4,859.50	

Myrtle Creek Improvement District c/o Fishkind & Associates
12051 Corporate Boulevard
Orlando, FL 32617

MYRTLE CREEK IMPROVEMENT DISTRICT

Payment Authorization #392
412612019 
Item	Payee
No.

Orlando Sentinel
Legal Advertising (Ad 6204697 · reference OSC568211 0)

PFM Group Consulting
OM Fee: April 2019 

Secretary/Assistant Secretary

Invoice Number

0056821 10000

DM-04-201 9-0038

TOTAL

Chairperson

General Fund

$	1 96 , 25

$ 3,333.33

$ 3,529.58

MYRTLE CREEK IMPROVEMENT DISTRICT

Payment Authorization #393
5/312019 

Item No.	Payee	Invoice Number	General Fund	
1	Aquatic Weed Control	
	May Waterway Service	35775	$	325. 00	
2	Donald W McIntosh Associates			
	Engineering Services Through 03/22/2019	36472	$	726, 00	
3	Florida Mulch			
	Mulch Installation	1 05652	$  7,200_20	
4	Michael's Lighting & Electric			
	Night Lighting Check on 04/30/20 19 	8991	$	81 .25	
5	Venturesln.com			
	May Application Hosting	44522	$	1 05. 00	
		TOTAL	$ 8,437.45	

•/

i	I	\, \	.

 \_✓:\'../1 /�/U.'.,, fi�,Uli {		 	
.	I
Secretary/Assistant Secretary	Chairperson

-

II    /-	t � I

MYRTLE CREEK IMPROVEMENT DISTRICT

Payment Authorization #394 5/10/2019
Item No.

Payee

Invoice Number

General Fund

pd	�f.,

/i

Boggy Creek Improvement District
April ICM Expenses	Of\ ( 1 n e,	-->	vvA
BrlghtVlew Landscape Services May Landscape Maintenance Controller #S Repairs
Controller #7 Repairs
Controller #3 Repairs

.11

ICM2019-07

6299177
6300205
6300206
6300207

$ 2,283.11 

$ 15,207.00
$	871 -71
$	871 .71
$	871.71

Fire Ant Control Fire Ant Control
Hopping Green & Sams
General Counsel Through 03/31/2019
5	ouc	pd	ori t;ti e,	s-/1 ::;-!tq
Acct 4782400001 : Service 04/02/2019 - 05/02/2019

l	\,

il l1 ,,_ 'j\\(lI lI
Secretary/Assistant Secretary

8022

107160

TOTAL

Chairperson

$   1 ,405.00

$ 2,112.99

$ 3,879.93

$ 27,503.16 

MYRTLE CREEK IMPROVEMENT DISTRICT

Payment Authorization #395 5117/2019
Item	Payee
No.

Donald W McIntosh Associates
Engineering Services Through 04/19/2019 

Fishkind & Associates
Reimbursables

PFM Group Consulting
DM Fee: May 2019

l,

Secretary/Assistant Secretary

Invoice Number

36585

24490

DM-05-201 9-0038

TOTAL

Chairperson

General Fund

$   2,334.00

$	41 .59

$   3,333.33

$  5,708.92

MYRTLE CREEK IMPROVEMENT DISTRICT

Payment Authorization #396
5/24/2019 
Item	Payee
No.

1	Berman Construction

Invoice Number

General Fund

Stone & Monument Sign Pressure Washing	4873	$	5,000. 00	
2	Supervisor Fees - 05/2112019 Meeting
Jeff Macre		
$	
200.00	
Kam Shenai		$	200. 00	
Kyle Scholl		$	200.00	
Bob daSilva		S	200.00	
	TOTAL	$	5,800.00	

L.

��
SecrelarylAssistant Secretary

Chairperson

.,   .' .	1· 

MYRTLE CREEK IMPROVEMENT DISTRICT

Recommendation of
Work Authorizations/Proposed Services
(if applicable)

MYRTLE CREEK IMPROVEMENT DISTRICT

District's Financial Position and Budget to Actual YTD

Myrtle Creek Improvement District
Statement of Activities As of 5/31/2019 

General Fund	Debt Service

Capital Projects Fund

General Long­ Term Debt

Total

Revenues

On-Roll Assessments	$488,697,73							$488,697.73	
Developer Contributions	38,559.00							38,559.00	
Other Income & Other Financing Sources	1 .32							1 .32	
Inter-Fund Transfers In	31 ,850.71							31,850.71	
On-Roll Assessments		$1 ,324,490.39						1 ,324,490.39	
Other Assessments		41,201 .34						41,201.34	
Developer Contributions				$79,280.78				79,280.78	
Inter-Fund Transfers In				(31 ,850.71) 				(31 ,850.71)	
Total Revenues	
$559,108.76	$1 ,365,691.73		$47,430.07		$0.00		$1 ,972,230.56	

Expenses

Supervisor Fees	$7,000.00	$7,000.00	
Public Officials' Liability Insurance	3,250.00	3,250.00	
Trustee Services	8,072.63	8,072.63	
Management	26,666.64	26,666.64	
Engineering	12,267.50	12.267.50	
Dissemination Agent	250.00	250.00	
Property Appraiser	1 ,432.00	1 ,432.00	
District Counsel	1 6,481 .99	16,481.99	
Assessment Administration	7,500.00	7,500.00	
Audit	3,923.00	3,923.00	
Travel and Per Diem	79.70	79.70	
Telephone	1 42.56	142.56	
Postage & Shipping	90.24	90.24	
Copies	391 .50	391 .50	
Legal Advertising	3,090.20	3,090.20	
Property Taxes	1 23.22	1 23.22	
Web Site Maintenance	859.99	859.99	
Holiday Decorations	1 ,246.00	1,246.00	
Dues, licenses, and Fees	175.00	1 75.00	
Electric	554.52	554.52	
Entry lighting	118.95	11 8.95	
Water Reclaimed	1 8,571 .16	18,571 .16 	
Aquatic Contract	1 ,850.00	1 ,850.00	
General liability Insurance	3,723.00	3,723.00	
Irrigation	47,053.81	47,053.81	
Landscaping Maintenance & Material	152,226.18 	1 52,226.18	
Flower & Plant Replacement	44,737.70	44,737.70	
Contingency	4,355.00	4,355.00	

� .. ...-   ..   _,. f:"' 

Myrtle Creek Improvement District
Statement of Activities As of 5/31/2019

	General Fund	Debt Servlce	Projects Fund	Term Debt		
IME - Aquatics Maintenance	2,104.23					2,1 04.23	
IME - Irrigation	2,658.77					2,658.77	
IME - Landscaping	46,339.37					46,339.37	
IME - Lighting	1 ,734.20					1 ,734.20	
IME - Miscellaneous	2,377.00					2,377.00	
IME - Water Reclaimed	564.89					564.89	
Entry and Wall Maintenance	5,000.00					5,000.00	
Streetlights	7,878.62					7,878.62	
Principal Payments		$71 5,000.00				71 5,000.00	
Interest Payments		635,600.00				635,600.00	
Engineering			$81 ,227. 14 			81 ,227.14	
District Counsel			11 7.50			11 7.50	
L egal Advertising			1,265.73			1 ,265.73	
Contingency			65,302.97			65,302.97	
Total Expenses	$434,889.57	$1 ,350,600.00	$147,913.34	$0.00		$1 ,933,402.91	

Capital	General Long-	Total

Other Revenues (Exeenses} & Gains(Losses}

Interest Income	$4,049.61								$4,049.61	
Interest Income			$1 7,757.25						17,757.25	
Interest Income					$3,842.65				3,842.65	
Total Other Revenues (Expenses) & Gains (Losses)	$4,049.61		$1 7,757.25		$3,842.65		$0.00		$25,649 51	
Change In Net Assets	$1 28,268.80		$32, 848.98		($96,640.62)		S0.00		$64,477 16	
Net Assets At Beginning Of Year	
$375,099.83		$1,1 66,705.94		$394,577.78		S0.00		$1 ,936,383.55	

Net Assets At End Of Year	
$503,368.63		
$1 ,199,554.92		
$297,937.16		
$0.00		
$2,000,860.71	

Myrtle Creek Improvement District
Statement of Financial Position As of 5/31/2019
Capital Projects

General Long-	Total

General Fund	Debt Service

Fund

Term Debt

Current Assets
General Checking Account Money Market Account
State Board of Administration
Accounts Receivable • Due from Developer Deposits
General Reserve

$186,113.23 176,777.16
3,91 3.93
46, 907.59
4,300.00
1  33,454.86

Assets

$186,11 3.23
1 76,777.16 
3,913.93
46,907.59
4,300 00
1  33,454.86

Due From Other Funds			$29t 1 84.07						29,184.07	
Debt Service Reserve			342,056.23						342,056.23	
Revenue			807,640.94						807,640.94	
Prepayment
Acquisition/Construction			20,673.68		
$396,425.82				20,673.68
396,425.82	
Total Current Assets	$551 ,466.77		$1,1 99,554,92		$396,425.82		$0.00		$2,147,447.51	

Investments
Amount Available in Debt Service Funds Amount To Be Provided
Total Investments

Total Assets

$0.00	$0.00	$0.00

$551 ,466.77	$1,1 99,554.92	$396,425.82

$1,1 70,370.85	$1,1 70,370.85 16,844,629.15	16,844,629. 15 
$18,015,000.00	$18,015,000.00

$18,01 5,000.00	$20,1 62,447.51

Current Liabilities
Accounts Payable
Due To Other Governmental Units Deferred Revenue
Accounts Payable Retainage Payable Deferred Revenue

Liabilities and Net Assets

$24,020 78
7,91 7.72
16,1 59.64

$31,200.71 36,540.00
30,747.95

$24,020.78 7,917.72
16,1 59.64
31,200.71
36,540.00
30,747.95

Total Current Liabilities

Long Term Liabilities
Revenue Bonds Payable - Long-Term Total Long Term Liabilities
Total Liabilities

$48,098.14	$0.00	$98,488.66

$0.00	$0.00	$0.00

$48,098.14	$0.00	$98,488.66

$0,00	$1 46,586 80

$18,01 5,000.00	$18,015,000.00
$18,01 5,000.00	$18,015,000.00

$18,01 5,000.00	$18,161 ,586.80

Myrtle Creek Improvement District
Statement of Financial Position As of 5/31/2019

Fund	Term Debt

General Fund	Debt Service	Capital Projects	General Long-	Total

Net Assets
Net Assets, Unrestricted	$1 ,271 ,568.72							$1 ,271 .568.72	
Current Year Net Assets, Unrestricted	31 ,850.71							31 ,850.71 	
Net Assets - General Government	(896,468.89)							(896,468.89)	
Current Year Net Assets - General Government	96,418.09							96,418.09	
Net Assets, Unrestricted		$1,1 66,705.94						1 ,1 66,705.94	
Current Year Net Assets, Unrestricted		32, 848. 98						32,848.98	
Net Assets, Unrestricted				($41 7,951 .06)				(41 7,951.06)	
Net Assets, Unrestricted				81 2,528.84				812,528. 84	
CurrentYear Net Assets, Unrestricted				(96,640.62)				(96,640.62)	
Total Net Assets	$503,368.63	$1,199, 554.92		$297,937.16 		$0.00		$2,000,860.71	
Total Ltabllltles and Net Assets	$551 ,466.77	$1,1 99,554.92		$396,425.82		$18,015,000.00		$20,162,447.51	

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 05/31/2019 

FY 2019
YTD Actual	YTD Budget	VTD Variance	Adopted
Budget
Revenues
On-Roll Assessments	$	488,697.73	$	328,477.44	$	1 60,220.29	$ 492,716.16 	
Developer Contributions	38,559.00		38,559.00		
Other Income & Other Financing Sources	1 .32		1 .32		
Money Market Reserve	21,034.85	173,571 .63	(1 52,536.78)	260,357.44
Net Revenues	s	548,292.90	$	502,049.07	s	46,243.83	s    753,073.60

Supervisor Fees	$	7,000.00	$	8,000.00	$	(1 ,000.00)	$	12,000.00	
Flnanclal & Administrative
Public Officials' Liability Insurance	3,250.00		2,383.33		866.67		3,575.00	
Trustee Services	8,072.63		1,333.33		6,739.30		2,000.00	
Management	26,666.64		26,666.67		(0.03)		40,000.00	
Engineering								
District Engineering	6,385.00		3,333.33		3,051.67		5,000.00	
Wellspring Engineering	5,882.50				5,882.50			
Dissemination Agent	250.00		3,333.33		(3,083.33)		5,000.00	
Property Appraiser	1 ,432.00		2,000.00		(568.00)		3,000.00	
District Counsel	16,481.99		1 3,333.33		3,148.66		20,000.00	
Assessment Administration	7,500.00		5,000.00		2,500.00		7,500.00	
Audit	3,923.00		2.650.00		1 ,273.00		3,975.00	
Arbitrage Calculation			600.00		(600.00)		900.00	
Travel and Per Diem	79.70		333.33		(253.63)		500.00	
Telephone	142.56		333.33		(1 90.77)		500.00	
Postage & Shipping	90.24		333.33		(243.09)		500.00	
Copies	391.50		1 ,333.33		(941.83)		2,000.00	
Legal Advertising	3,090.20		3,333.33		(243.13)		5,000.00	
Bank Fees			33.33		(33.33)		50.00	
Miscellaneous			3,333.38		(3,333.38)		5,000.00	
Property Taxes	1 23.22		50.00		73.22		75.00	
Web Site Maintenance	859.99		833.33		26.66		1 ,250.00	
Holiday Decorations	1 ,246.00				1 ,246.00			
Dues, Licenses, and Fees	1 75.00		116.67		58.33		1 75.00	
Total General & Administrative Expenses	s	93,042.17 		s	78,666.68		$	1 4,375.49		$ 11 8,000.00	

General & Administrative Ex1:1enses Leglslatlve

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 05/31 /201 9
FY 2019

Field Operations Electric Utlllty Services	VTD Actual	VTD Budget	VTD Variance	Adopted Budget	
Electric	$	554.52	$	666.67	$	(1 1 2.15)	$	1 ,000.00	
Entry Lighting	11 8.95	333.33	(214.38)	500.00	
Water-Sewer Combination Services					
Water Reclaimed	18,571 .16 	6,666.67	11 ,904.49	10,000.00	
Stormwater Control					
Aquatic Contract	1 ,850.00	3,440.00	(1 ,590.00)	5,1 60.00	
Lake/Pond Repair Reserve		3,333.33	(3,333.33)	5,000.00	
Other Physical Environment					
General Liability Insurance	3,723.00	3,333.33	389.67	5,000.00	
Property & Casualty Insurance		1 ,000.00	(1 ,000.00)	1 ,500.00	
Auto Insurance		500.00	(500.00)	750.00	
Irrigation					
District Irrigation	1 4,906.31	20,000.00	(5,093.69)	30,000.00	
Reserve Irrigation (Controller Replacement)	27,743.00		27,743.00		
Wellspring Irrigation	4,404.50		4,404.50		
Landscaping Maintenance & Material					
District Landscaping	1 21 ,695.49	121 ,656.00	39.49	1 82,484.00	
Gateway Road Landscaping	2,758.05		2,758.05		
Wellspring Landscaping	27,772.64		27,772.64		
Tree Trimming		26,666.67	(26,666.67)	40,000.00	
Flower & Plant Replacement					
District Flower & Plant Replacement	28,078.70	73,333.33	(45,254.63)	11 0,000.00	
Wellspring Flower & Plant Replacement	16,659.00		1 6,659.00		
Contingency	4,355.00	15,61 7.54	(1 1 ,262.54)	23,426.31	
Hurricane Cleanup		10,000.00	(1 0,000.00)	15,000.00	

,.,__   ...,_  "'""  ..,4 -'l

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 05/31/2019

Interchange Maintenance Expenses	
VTD Actual	
VTD Budget	
VTD Variance	FY 2019
Adopted Budget	
IME - Aquatics Maintenance	2,1 04.23	2,226.00	(121 .77)	3,339.00	
IME - Irrigation	2,658.77	21 ,000.00	(18,341 .23)	31 ,500.00	
IME - Landscaping	46,339.37	51 ,481 .08	(5, 141.71) 	77,221.62	
IME - Lighting	1 ,734.20	1 3,333.33	(11 ,599.13)	20,000.00	
IME - Miscellaneous	2,377.00		2, 377.00		
IME - Water Reclaimed	564.89	2,1 00.00	(1 ,535. 11) 	3,150.00	
New Operational Field Expenses Trail Benches
Crosswalk  Improvements	11,010.67	(11 ,010.67)	16,516.00 Road & Street Facilities
Entry and waa Maintenance	5,000.00	6,666.67	(1, 666.67)	10,000.00	
Streetlights	7,878.62	8,000.00	(121 .38)	12,000.00	
Parks & Recreation

Infrastructure Capital Reserve	6.777.78	(6,777.78)	10,166.67	
Interchange Maintenance Reserve	1,573.33	(1, 573.33)	2,360.00	

Personnel Leasing Agreement	13,333.33	(13,333.33)	20,000.00 Reserves

Total   Field  Operations  Expenses	$	341,847.40	$	424,049.06	s	(82,201.66)	s 636,073.60 Total  Expenses	$	434,889.57	$	502-715.74	s	(67,826.1 7)	$ 754,073.60
Income  (Loss) from  Operations	$	11 3,403.33	s	(666.67)	s	114,070.00	s	(1 ,000.00) Other Income {Exeense)
Interest  Income	$	4,049.61	$	666.67	$	3,382.94	$	1 ,000.00
Total  Other Income (Expense)			s	4,049.61	s		666.67	s	3,382.94	s	1 ,000.00 Net Income (Loss)	$	11 7,452.94	$		s	11 7,452,94		$

,..__ --- "" ., .....

Myrtle Creek Improvement District Budget to Actual
For the Month Ending 05/31/2019

Revenues
On-Roll Assessmenls Developer Contribulions
Other Income & Other Financing Sources Money Market Reserve
Net Revenues
General & Administrative Expenses Legislative
Supervisor Fees
Financial & Administrative

Engineering

Oct-18

$
3,1 63.00

19,962.67
$ 23,125.67

Public Officials' Liability Insurance	3,250.00		3,250.00	
Trustee Services		8,072.63	8,072.63	
Management	3,333.33		3,333.33	3,333 33	3,333.33	3,333.33	3,333.33	3, 333 33	26.666,64	
District Engineering	458.50	971.50	593.50	706.00		595.50	3,060.00	6,385.00	
Wellspring Engineering						3,122.50	2,760.00	5,882.50	
Dissemination Agent				250.00	1 ,250.00		(1 ,250.00)		250.00	
Property Appraiser		1 ,432.00							1 ,432.00	
District Counsel			2,565.10	2,376.50	2,514.89	2,289.13	1,631.49	5,1 04.88	16,481.99	
Assessment Administration	7,500.00								7,500.00	

$	800.00

I

Nov-18	Dec-18	Jan-19

.

$    8,022.68	$ 288,399.36	$ 75,733.53
16,636.00
1 .32
1,072.18
$    9,094.86	$ 305,036.68	S  75,733.S3

$	800.00	$	800.00	$	800.00

Feb-19	Mar•19	Apr-19	May-19	YTD Actual

$  85,542.34	$  17,236.55	$   5,891.25	$    7,872.02	$ 488,697.73
3,1 63.00	3,689.50	8,168.00	3,739.50	38,559.00
1.32
21 ,034.85
$  88,705.34	$  20,926.05	$  14,059.25	$ 11 ,611.52	$  548,292.90

$     1,000.00	$    1 ,000.00	$    1.000.00	$	800.00	$	7,000.00

Audit

Postage & Shipping		31.37	13.17	12.59		28.18			90.24	
Copies		54.00	142.50	58.50	136.50	-			391.50	
Legal Advertising Bank Fees	256.92			196..25	196.25	781.92	1 ,462.61	196.25	3,090..20	

Arbilrage Calculation Travel and Per Diem Telephone

.
9.31	32.29	9.22
11 .88	28.05	22.11 

2,023.00	1,900.00	3,923.00

14.44	4.64	9.80	79.70

.

23.98	24,75	31 79	142.56

4.93

.

.

Miscellaneous

.	 		-	 		 		.

Property Ta,ces
Web S�e Maintenance Holiday   Decoralions Dues, Licenses, and Fees
Total General & Administrative Expenses

105.00

175.00
$ 15,420.25

123.22	.	.
105.00	105.00	124.99

.

1,246.00	.
.
$ 14,431.24	$	9,236.94	$	7,TT6.99

Pq@1 0,3

.	123.22
10S OO	105.00	105.00	105.00	859.99
1 ,246.00
175.00
$  11 ,308.32	$    9,442.20	$  10,025.18	$  15,401.05	$    93,042.17

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 05/31 /2019

Field Operations
Electrlc Utility Services

Oct-18

Nov-18	Dec-18	Jan-19

Feb-19	Mar-19	Apr-19	May-1 9	YTD Actual

Electric	$	$	78.69	$	79.60	$	79.93	$	79.41	$	78.37	$	79.83	$	78.69	$	554.52	
Entry Lighting	15.67	16.09	17.44	17.55	17.13	17.74	17.33	1 18.95	

Water-Sewer Combination Services
Water Reclaimed
Stormwater Control
Aquatic Contract Lake/Pond Repair Reserve
Other Physical Environment General Liability Insurance Property & Casualty Insurance Auto Insurance
Irrigation
District Irrigation
Reserve Irrigation (Controller Replacemenl) Wellspring Irrigation
Landscaping Maintenance & Malerial District Landscaping
Gateway Road Landscaping Wellspring Landscaping
Tree Trimming
Flower & Plant Replacement

3,723.00

329.25

15,207.00
-
3,163.00
-

4,1 58.99	3,063.44	3,021.66

650.00

1 ,287.27	4.498.16

15.207.00	15,207.00	15,207.00

3,163.00	3,1 63.00	3,163.00

Oistricl Flower & Plant Replacement	7,639.10	4,31 1 .00	6.465.90	9.662.70	28,078.70	
Wellspring Flower & Plant Replacement	10,310.00			6,349.00	16,659.00	
Conlingency			2,950.00	1,405.00	4,355.00	
Hurricane Cleanup						

.

Page 2 of 3

2,851 .94	1 ,499.46	1 ,240.33	2,735.34	18,571.16

225.00	325.00	325.00	325.00	1 ,850.00

-

3,723.00
-
77.50	764.00	3,124.50	4,825.63	14,906.31
16,645.80	11 ,097.20	27,743.00
526.50	2,459.00	1 ,419.00	4,404.50

15,207.00	15,207.00	15,246.49	15,207.00	121 ,695.49
2,758.05	2,758.05
3,163.00	3,163.00	3,1 63.00	5,631.64	27,772.64
-

Myrtle Creek Improvement District
Budget to Actual
For the Month  Ending 05/31/2019

Interchange Maintenance Expenses	Ocl-1 8	Nov-18	Dec-18	Jan-19	Feb-19	Mar-19	Apr-19	May-19	YTO Actual	
IME - Aquatics Maintenance		526.05	263.03	263.03	263.03	263.03	263.03	263.03	2,104.23	
IME - Irrigation			9 45	51 7.61	294.13		1 ,837.58		2,658.77	
IME - Landscaping	6.43S.l4	6,435.14	6,435.14	6.435.14	6,435.14	7,728.53		6,435.14	46,339.37	
IME - Lighting	86.00	229.66	175.63	92.45	661.73	35B.23	69.55	60.95	1 ,734.20	
IME • Miscellaneous			1,107.54	228.38				1,041.08	2,377.00	
IME • Water Reclaimed		83.46	124.32	81 .29		27.39	73.46	78.03	564.89	
New Operational Field Expenses
TraN Benches
Crosswalk Improvements
Road & Street FaclUtles
Entry and wan Maintenanco							5,000.00	5,000.00	
Streetlights	1,114.76	1,1 14.76	1,048.57	1,129.82	1,211 .07	1,129.82	1,129.82	7,878.62	
Parks & Recreation
Personnel Leasing Agreement
Contingency
Infrastructure Capital Reserve tnterchange Maintenance Reserve
Total Field Operations Expenses	$ 28,943.39		$ 50,898.79		$ 35,070.00		$ 34,653.66		$ 40,444.59		$ 47,288.01		S 40,126.53	$ 64,422.43	$ 341 ,847.40	

Total Expenses	
$ 44,363.64		
$ 65,330.03		i .4�,306.94		
$ 42,430.65		
$ 51,752.91		
$ 56,730.21		
$ 50,151.71	
�823.48	
$ 434 889,57	
Income (Loss) from Operations	S (21,237.97)		$ (56,235.17)		$ 260,729.74		$ 33,302.88		$ 36,952.43		$ (35,804.161		$ (36,092.461	$ (68,211 .96)	$ 113,403.33	
Other Income (Expense)																
Interest Income	$	16.45		$	16.58		$	564.14		$	19.62		$	27. 16 		$ 3,328.44		$	40.01	$	37.21	$	4,049.61	
Total Other Income (Expense)	$	16.45		$	16.58		$	564.14		$	19.62		$	27.16		$ 3,328.44		$	40.01	$	37.21	$	4,049.61	
Net Income (Loss)	$ (21,221.52)	$ (56,218.59)	$ 261,293.88	$   33,322.50	$  36,979.59	$ (32,475.72)	$ (36,052.45)	$ (68,174.75)	$ 117,452.94

Page 3of 3

Myrtle Creek Improvement District Construction Tracking - early June

Serles 2016 Bond Issue
Original Construction Fund	$
Additions (Interest, Transfers from DSA, etc.) Cumulative Draws Through Prior Month
Construction Funds Available	$

Requisitions This Month

Total Requisitions This Month	$

Funds Remaining	$

Committed Funding
Performance Drive Phase 3 • August bid and October NTP	$
Total Committed	$

INet Uncommitted

June 7, 2019

Amount

51 3,425.32
214,389.93

----------

(331 ,389.43)

396,425.82

------------

396,425.82

I

--------------------
396,425.82

Myrtle Creek Improvement District FY 2019
Cash Flow Analysis

Beg. Cash	FY18 Inflows

FY18 Outflows	FV19 Inflows	FY19 Outflows

End. Cash

10/1/2018	3,335.47	245,865.06	(240,227.53)	23,126.74	(30,098.67)	2,001.07		
11/1/2018	2,001.07	27,308.95	(28,608.95)	39,860.94	(38,823.21)	1,738.80		
12/1/2018	1,738.80		(8,159.89)	1,259,899.65	(1,044,986.20)	208,492.36		
1/1/2019	208,492.36			137,622.72	(99,820.09)	246,294.99		
2/1/2019	246,294.99			287,376.97	(259,436.78)	274,235.18		
3/1/2019	274,235.18			91,694.64	(133,530.93)	232,398.89		
4/1/2019	232,398.89			65,297.59	(93,956.46)	203,740.02		
5/1/2019	203,740.02			97,936.58	(115,563.37)	186,113.23		
6/1/2019	186,113.23				(8,313.90)	177,799.33	as of 06/07/2019	

FY 19Totals	273,174.01

(276,996.37)	2,002,815.83	(1,824,529.61)

As of 06/07/2019