Myrtle Creek Improvement District
12051 Corporate Boulevard Orlando, FL 32817,· 407-382-3256 www. myrt/ecreekid. 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 4:30 p.m. on Tuesday, May 15, 2018 at 6900 Tavistock Lakes Blvd, Suite 200, Orlando, F1orida 32827. A quorum will be confirmed prior to the start ofthe meeting.

For those unable to attend in person, you may participate by telephone: Phone: 1-877-864-6450	Participant Code: 933751
BOARD OF SUPERVISORS' MEETING AGENDA
Organizational Matters
Roll Call to Confirm a Quorum
Public Comment Period

r

Consideration of the Minutes of the April 17, 2018 Board of Supervisors' Meeting
Letter f om Supervisor of Elections - Orange County
Consideration of Resolution 2018-04, General Election
Business Matters
Consideration of Resolution 2018-05, Approving a Preliminary Budget for Fiscal Year 2019 and Setting a Public Hearing Date [suggested date ofAugust 21, 2018]
Discussion of Landscape Maintenance Items (provided under separate cover)
Consideration of Landscape Maintenance Proposals for Wellspring Drive
BrightView Proposal
OmegaScapes Proposal
Consideration of Landscape Maintenance Agreement for Wellspring Drive
Consideration of Landscape Maintenance Funding Agreement with Tavistock
Review of FY 2017 Audit Draft
Consideration of Financial Advisory Agreement
Consideration of Appointment to Construction Committee
Ratification of Requisition No. 490 - 500 Approved in April 2018 in an amount totaling $69,484.11
Ratification of Operation and Maintenance Expenditures Paid in April 2018 in an amount totaling $76,451.12
Recommendation of Wol'I< Authorization/Proposed Services (ifapplicable)
Review of District's Financial Position and Budget to Actual YTD
Other Business
Staff Repo1is
District Counsel
District Manager
District Engineer

Construction Supervisor
Audience Comments, Supervisor Requests
Adjournment

MYRTLE CREEK IMPROVEMENT DISTRICT

Minutes ofthe April 17, 2018 Board of Supervisors' Meeting

BOMAYRRDTLOEF CSURPEERKVIIMSOPRS'VMEEMEETNITNGDIMSTINRUICTTES
FIRST ORDER OF BUSINESS

The Board of Supervisors' Meeting for the Myrtle Creek Improvement District was called to order on Tuesday, April 17, 2018 at 4:30 p.m. at 6900 Tavistock Lakes Blvd., Suite 200, Orlando, FL 32827. Board Members listed below constituted a quorum.

Bob Da Silva Kam Shenai Kyle Scholl Donald Tubbs JeffMacre

Also present were:

Vice-Chair Assistant Secretary Assistant Secretary Assistant Secretary Chair

(via phone) (via phone)

Jennifer Walden Tucker Mackie JeffNewton Larry Kaufmann Stephen Flint Scott Thacker

Fishkind & Associates Hopping Green & Sams
Donald W. McIntosh Associates Construction Supervisor Landscape Supervisor
Tavistock Development

SECOND ORDER OF BUSINESS

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

Public Comment Period

THIRD ORDER OF BUSINESS		Consideration of the Minutes of the March 20, 2018 Board of Supervisors' Meeting

Board Members reviewed the minutes from the March 20, 2018 Board of Supervisors' Meeting. Mr. Shenai asked for an update this meeting about the plan for the landscaping and cost reduction.

On Motion by Mr. Da Silva, second by Mr. Scholl, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved the Minutes of the March 20, 2018 Board of Supervisors' Meeting, as presented.

FOURTH ORDER OF BUSINESS		Consideration	of Acceptance of Restricted Appraisal Report by the Appraisal Group of Central Florida

Mr. Kaufmann explained that this is the appraisal for the right-of-way for Wellspring and Performance Drive which is being funded by the Developer until the District sells bonds for that portion of the road. He stated that the appraisal is an update requested by Bond Counsel. Ms. Mackie stated that when the District previously acquired a portion of Wellspring, the District had received a full appraisal from the Appraisal Group of Central Florida. District staffanticipates that the District will be acquiring the next segment of that right-of-way in the near future. In talking about the proposed bond financing, Bond Counsel wants to make sure that the District received something from the appraiser confirming the value had not gone down. Ms. Mackie noted that by doing a restricted appraisal the District was able to save in the cost of the appraisal. She stated that according to this appraisal the sales research and market analysis demonstrates that the property value has not diminished or lessened since the original report date of May 9, 2016. Ms. Mackie stated that when the District looks to acquire the next segment, the District will continue to use the value from the 2016 appraisal. She requested a motion to accept the Restricted Appraisal Report. Ms. Mackie asked Mr. Kaufmann when the acquisition will take place and he responded that it should be in the next couple of months. Mr. Shenai asked what the next segment is. Mr. Kaufmann said that it is Performance Drive beyond the USTA entrance.

On Motion by Mr. Scholl. second by Mr. Macre, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District accepted the Restricted Appraisal Report by The Appraisal Group of Central Florida.

FIFTH ORDER OF BUSINESS		Discussion	of	Landscape Maintenance Items

Mr. Flint explained that the gold plan presented at the last meeting was originally $43,166.00 and it was reduced to $33,168.00. He noted that there was some discussion about some of the infrastructure underneath where the District wanted to lay some plants and palms. He noted that some of the infrastructure was located and decided to put the landscape to the side of it and not close to it which eliminated the need for two palms. Mr. Flint mentioned that he told BrightView that since the District was going to be paying them a lot of money they needed to help out the District because the District can get the materials cheaper elsewhere. Mr. Flint said that BrightView accommodated for that and also did it on the roadway. He stated that BrightView finished the median. Mr. Shenai asked if the iITigation works. Mr. Flint responded that it does. Mr. Thacker stated that the irrigation heads were adjusted a little bit as well. Mr. Flint explained some of the landscape improvements that were done and he asked Mr. Thacker if there was a completion date yet. Mr. Thacker responded that the demo will be finished this week and next week the material should be installed. Mr. Shenai asked about the plants under the trees. Mr. Flint said that they are new and called dwarf oleanders. Mr. Flint explained that some of the landscaping had been tom up by hogs and Allen Smith caught and relocated them free of charge.

Mr. Flint explained that Mr. Thacker went through and divided up each area that was priced out separately and determined which ones would be a higher priority and which would be better for year two. Mr. Thacker distributed the Cost Summary from BrightView (Minutes Exhibit A). Mr. Shenai asked if this includes the monuments on the 417 side. Mr. Thacker responded that it does not but he noted that they did get a price to do that to and it comes to $1,927.00. Mr. Thacker noted that the District got a $10,000.00 discount offthe entrance pricing so they can probably include the monuments if the Board approves. Mr. Shenai noted that on Lake Nona Boulevard there is a stretch towards the USTA after the monument where it is all sand and no green. Mr. Flint said that he does not think that is part of the Drive Shack project. Mr. Kaufmann suggested that Mr. Flint check with Jason Good who is the Manager for that road going in and for the Drive Shack. Mr. Flint said that they talked to him today about getting the electric hooked back up to the monument and iITigation. Mr. Shenai asked what the District is going to do there. Mr. Flint responded that they put some bougainvillea in the backside for color and noted that it is draught resistant. He explained that the jasmine could stay but suggested putting shrubs around the lights and some annuals in the front.

Mr. Flint explained that on the roadway he negotiated with BrightView and got them to bring that down by $51,794.00. He noted that overall it is about a 25% discount. Mr. Thacker stated that by breaking it into two groups BrightView was able to provide a significant discount.

Mr. Shenai asked about the lack of plants at the median to the USTA. Mr. Thacker responded that it has to do with sight lines. Mr. Flint added that anything above a certain height is not allowed. Mr. Shenai suggested adding flowers. Mr. Flint said that it may be able to be worked in with the plan. Mr. Shenai mentioned that Wellspring Boulevard is Developer maintained and the

area looks ok. Ms. Mackie stated that the p01iion that the District has acquired will be maintained by the District and stated that the District received two proposals for the District to take over the maintenance of that segment. Mr. Shenai asked about the fence over the overpass. Ms. Mackie stated that the discussion was that it was rusty. Mr. Shenai said that at the last meeting it was discussed that the City is responsible for it and the Board agreed to ask the City if they were going to do it. Mr. Kaufmann responded that he might have said he would ask the City and he did not do it yet but he will and mentioned that he is doubtful that they will do anything about it. He said that working over the traffic requires special permitting and construction equipment. The Board discussed the amounts for the landscape maintenance items. The cost would be $1,927.00 plus the Group 1 amount of $71,983.00 for a total of $73,910.00.

On Motion by Mr. Da Silva, second by Mr. Scholl, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District authorized District staffto proceed with the $71,983.00 of Group 1 pricing, as set forth in the Cost Summary attached as Exhibit A plus the additional
$1,927.00 monumentation improvements that were also discussed.

SIXTH ORDER OF BUSINESS		Ratification of Requisition No. 489 Approved in March 2018 in the amount totaling
$10,194.75

Board Members reviewed Requisition No. 489 approved in March 2018 in the amount totaling
$10,194.75.

On Motion by Mr. Scholl, second by Mr. Da Silva, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District ratified Requisition No. 489 approved in March 2018 in the amount totaling $10,194.75.

SEVENTH ORDER OF BUSINESS		Ratification of Operation and	Maintenance Expenditures Paid in March 2018 in an amount totaling $43,292.35

Board Members reviewed the Operation and Maintenance Expenditures paid in March 2018 in an amount totaling $43,292.35.

On Motion by Mr. Scholl, second by Mr. Da Silva, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District ratified the Operation and Maintenance Expenditures paid in March 2018 in an amount totaling $43,292.35.

EIGHTH ORDER OF BUSINESS	Recommended	Work Authorization/Proposed Services

Mr. Kaufmann stated that there were no Work Authorizations for this District.

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

Board Members reviewed the Statement of Financial Position and Budget to Actual through today's date. Ms. Walden stated that the District's expenses are currently $277,000.00 vs. a budget of $392,500.00. The District is currently under budget through March by $114,000.00. There was no action required.

Mr. Shenai asked about the Flower and Plant Replacement line item. Ms. Walden stated that so far nothing has hit those line items. Mr. Scholl suggested that as the District approaches the fiscal year and budget that the District allocate a little more for landscaping.

TENTH ORDER OF BUSINESS	Staff Reports

District Counsel -	Ms. Mackie stated that this District has appointed three individuals

to serve on the Construction Committee which provides guidance for construction related items and landscape maintenance related items for this District and its sister Districts. Ms. Mackie noted that the committee had three individuals serve on it Mr. Kaufmann, Mr. Good, and Ms. Ragusa. She noted that Ms. Ragusa has tendered her resignation from the Committee to District staff so

there are now only two members on that Committee. Ms. Mackie noted that at the previous meetings for the sister Districts they appointed Mr. Thacker to serve on the Committee as he was recently named the Manager of Maintenance, replacingMs. Ragusa.

On Motion by Mr. Da Silva, second by Mr. Shenai, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District appointed Mr. Thacker to the Construction Committee to replace Ms. Ragusa.

District Manager -

District Engineer -

Ms. Walden stated that she is meeting with the Construction Committee to work on the preliminary budget and the goal is to start the budget process next month.

Mr. Shenai asked who is responsible for sound barriers on 417. District staffanswered that DOT and CFX are responsible but they will not do anything unless there was a construction project going on. If there is a construction project they will do a sound study and determine if a sound barrier is required.

No Report

Construction Supervisor - No Report

ELEVENTH ORDER OF BUSINESS		Supervisor Requests, Audience Comments & Adjournment

There were no Supervisor requests or audience comments and no other business to discuss.

On Motion by Mr. Scholl, second by Mr. Da Silva, with all in favor, the April 17, 2018 Meeting of the Board of Supervisors for the Myrtle Creek Improvement District was adjourned.

Secretary/Assistant Secretary	ChairNice Chair

bJil/3(r	?}

Group 2

Cost Summary of all areas:J
(Not Including Narcoossee intersection)
Area 1:	$4,299

NOTES:

BrightView

	Tree replacement by others	

2	
Area 25:		
Wait until after KPMG construction	
2	Area 26:	$6,059	Wait until after KPMG construction	
2	Area 27:	$4,410	Walt until after KPMG construction	
2	Area 28:	$4,160	Wait until after KPMG construction	
2	Area 29:	$3,428	Wait until after KPMG construction	
2	Area 30:	$3,700	Wait until after KPMG construction	
2	Area 31:	$4,510		
2	Area 32:	$8,123		

TOTAL:	s2os,910

Group pricing:
·Group 1: $71,983
Group 2: $78,413 New Total: $150,396
Overall group pricing discount: $51,794

MYRTLE CREEK IMPROVEMENT DISTRICT

Letter from Supervisor of Elections Orange County

BILL COWLES
Supervisor of Elections Orange County, Florida

April 16, 2018

OUR MISSION IS TO:
Ensure the Integrity of the electoral process.
Enhance public confidence.
£Encourage citizen parliclpet/on.

Ms. Jennifer Walden, Assistant District Manager Myrtle Creek Improvement District
Fishkind and Associates, Inc 12051 Corporate Blvd
Orlando FL 32817 Dear Ms. Walden:
Per the requirements of Chapter 190.006, Florida Statutes, the Orange County Supervisor of Elections Office Mapping Department has determined the number of registered voters in the Improvement District as of April 16, 2018. Our research is based on the legal description provided to us by the District office on June 3, 2009.
As of April 16, 2018, there are 2,068 registered voters in the Myrtle Creek Improvement District
Attached is a map and list of streets currently in the Improvement District according to our records. If you have any questions or corrections, please contact the Mapping Department at 407-254-6584.

crC�
Bill Cowles
Supervisor of Elections bc/ajs

119 West Kaley Street, Orlando • Reply to: Post Office Box 562001, Orlando, Florida 32856 Phone (407) 836-2070 ■ Fax (407) 254-6596 • TDD (407) 422-4833 • Internet: www.ocfelections.com

MYRTLE CREEK IMPROVEMENT DISTRICT

Resolution 2018-04, General Election

RESOLUTION 2018-04
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE MYRTLE CREEK IMPROVEMENT DISTRICT IMPLEMENTING SECTION 190.006(3), FLORIDA STATUTES, AND REQUESTING THAT THE ORANGE COUNTY SUPERVISOR OF ELECTIONS BEGIN CONDUCTING THE DISTRICT'S GENERAL ELECTIONS; PROVIDING FOR COMPENSATION; SETTING FORTH THE TERMS OF OFFICE; AUTHORIZING NOTICE OF THE QUALIFYING PERIOD; AND PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE.
WHEREAS, the Myrtle Creek Improvement District ("District") is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within unincorporated Orange County, Florida; and
WHEREAS, the Board of Supervisors of the District ("Board") seeks to implement Section 190.006(3), Florida Statutes, and to instruct the Orange County Supervisor of Elections ("Supervisor") to conduct the District' s elections by the qualified electors of the District at the general election ("General Election").
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE MYRTLE CREEK IMPROVEMENT DISTRICT:
GENERAL ELECTION SEATS. Seat 3, currently held by Donald Tubbs, Seat 4, currently held by Kyle Scholl, and Seat 5, currently held by Bob da Silva are scheduled for the General Election in November 2018. The District Manager is hereby authorized to notify the Supervisor of Elections as to what seats are subject to General Election for the current election year.

QUALIFICATION PROCESS. For each General Election, all candidates shall qualify for individual seats in accordance with Section 99.061, Florida Statutes, and must also be a qualified elector of the District. A qualified elector is any person at least 18 years of age who is a citizen of the United States, a legal resident of the State of Florida and of the District, and who is registered to vote with the Orange County Supervisor of Elections. Campaigns shall be conducted in accordance with Chapter 106, Florida Statutes.
COMPENSATION. Members of the Board receive $200 per meeting for their attendance and no Board member shall receive more than $4,800 per year.
TERM OF OFFICE. The term of office for the individuals to be elected to the Board in the General Election is four years. The newly elected Board members shall assume office on the second Tuesday following the election.

REQUEST TO SUPERVISOR OF ELECTIONS. The District hereby requests the Supervisor to conduct the District's General Election. The District understands that it will be responsible to pay for its proportionate share of the General Election cost and agrees to pay same within a reasonable time after receipt of an invoice from the Supervisor.
PUBLICATION. The District Manager is directed to publish a notice of the qualifying period for each General Election, in a form substantially similar to Exhibit A attached hereto.

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 paii thereof.
EFFECTIVE DATE. This Resolution shall become effective upon its passage.
PASSED AND ADOPTED this 1 5th day ofMay, 2018 .
MYRTLE CREEK IMPROVEMENT DISTRICT

CHAIRPERSONNICE CHAIRPERSON
ATTEST:

SECRETARY/ASSISTANT SECRETARY

EXHIBIT A
NOTICE OF QUALIFYING PERIOD FOR CANDIDATES FOR THE BOARD OF SUPERVISORS OF THE MYRTLE CREEK IMPROVEMENT DISTRICT
Notice is hereby given that the qualifying period for candidates for the office of Supervisor of the Myrtle Creek Improvement District will commence at noon on June 18, 2018, and close at noon on June 22, 2018. Candidates must qualify for the office of Supervisor with the Orange County Supervisor of Elections located at 119 W. Kaley Street, Orlando, Florida 32806; Ph. (407) 836-2070. All candidates shall qualify for individual seats in accordance with
Section 99.061, Florida Statutes, and must also be a "qualified elector" of the District, as defined in Section 190.003, Florida Statutes. A "qualified elector" is any person at least 18 years of age who is a citizen of the United States, a legal resident of the State of Florida and of the District,
and who is registered to vote with the Orange County Supervisor of Elections. Campaigns shall be conducted in accordance with Chapter 106, Florida Statutes.
The Myrtle Creek Improvement District has three seats up for election, specifically seats 3, 4 and 5. Each seat carries a four-year term of office. Elections are nonpartisan and will be held at the same time as the general election on November 6, 2018, and in the manner prescribed by law for general elections.
For additional information, please contact the Orange County Supervisor of Elections.

Publish on or before June 4, 2018.

MYRTLE CREEK IMPROVEMENT DISTRICT

Resolution 2018-05,
Approving a Preliminary Budget for Fiscal Year 2019 and Setting a Public Hearing Date

RESOLUTION 2018-05
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE MYRTLE CREEK IMPROVEMENT DISTRICT APPROVING PROPOSED BUDGETS FOR FISCAL YEAR 2018/2019 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 heretofore prepared and submitted to the Board of Supervisors ("Board") of the Myrtle Creek Improvement District ("District") prior to June 15, 2018, proposed budgets ("Proposed Budget") for the fiscal year beginning October 1, 2018 and ending September 30, 2019 ("Fiscal Year 2018/2019"); 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 MYRTLE CREEK IMPROVEMENT DISTRICT:
PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2018/2019 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: HOUR:

4:30 p.m.

---	-	, 2018

LOCATION:

6900 Tavistock Lakes Boulevard
Suite 200
Orlando, Florida 32827

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 City of Orlando and Orange County at least 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 days before the budget hearing date as set forth in Section 2, and shall remain on the website for at least 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 15th DAY OF MAY, 2018.

ATTEST:

MYRTLE	CREEK	IMPROVEMENT DISTRICT

By: 		_

Secretary	Its:--	-

Myrtle Creek Improvement District

$ 492,716.16

$   753,073.60	$ (30,000.00)

1 75.00
$   11 8,000.00	$

FY 2019 Proposed O&M Budget

YTD Actual Through	Anticipated 05/2018	Anticipated FY 2018 Totals	FY 2018
Adopted	FY 2019
Proposed	Budget
Increase /	
04/30/2018	09/2018		Budget	Budget	(Decrease)	

$	54,558.92

$ 783,073.60

On-Roll Assessments					
Off-Roll Assessments	21 ,695.04		21 ,695.04		
Money Market Reserve		48,094.56	48,094.56	260,357.44	260,357.44		
Carry Forward Revenue (accrued)				30,000.00		(30,000.00)	

Revenues

$	486,251.80	$	6,464.36	$   492,716.16	$ 492,716. 16 

100.00
$	508,046.84

100.00
$    562,605.76

Other Income & Other Financing Sources
Net Revenues

Supervisor Fees	$	6,200.00	$	5,800.00	$	12,000.00	$	12,000.00	$	12,000.00
inancial & Administrative	
Public Officials' Liability Insurance	3,250.00		3,250.00	3,575.00	3,575.00	
Trustee Services	8,361 .40		8,361.40	2,000.00	2,000.00	
Management	23,333.31	16,666.69	40,000.00	40,000.00	40,000.00	
Engineering	1,950.00	1 ,392.86	3,342.86	5,000.00	5,000.00	
Engineering (Public Facilities Report)	4,731.25		4,731.25			
Dissemination Agent	250.00	4,750.00	5,000.00	5,000.00	5,000.00	
Property Appraiser	1 ,432.00		1 ,432.00	3,000.00	3,000.00	
District Counsel	9,61 1.08	6,865.06	16,476.14	20,000.00	20,000.00	
Assessment Administration	2,500.00	5,000.00	7,500.00	7,500.00	7,500.00	
Audit	2,523.00	1,452.00	3,975.00	3,975.00	3,975.00	
Arbitrage Calculation		900.00	900.00	900.00	900.00	
Travel and Per Diem	98.75	70.54	169.29	500.00	500.00	
Telephone	236.22	168.73	404.95	500.00	500.00	
Postage & Shipping	85.91	61 .36	147.27	500.00	500.00	
Copies	462.00	330.00	792.00	2,000.00	2,000.00	
Legal Advertising	1,518.26	1 ,084.47	2,602.73	5,000.00	5,000.00	
Bank Fees				50.00	50.00	
Miscellaneous	1,791.00	1,279.29	3,070.29	5,000.00	5,000.00	
Property Taxes	123.22		123.22	75.00	75.00	
Web Site Maintenance	753.00	525.00	1,278.00	1,250.00	1,250.00	

General & Administrative Ex(!enses Legislative

F

Dues, Licenses, and Fees	175.00	175.00	175.00
Total General & Administrative Expenses	$	69,385.40	$	46,346.00	$   115,731 .40	$   11 8,000.00

Myrtle Creek Improvement District
FY 201 9 Proposed O&M Budget

$

Electric

Field Operations Electric Utility Services
Entry Lighting

Water Reclaimed

Mitigation Area

Water-Sewer Combination Services Stormwater Control
Aquatic Contract
Lake/Pond Repair Reserve
Other  Physical Environment

Equipment Rental

General Liability Insurance Property & Casualty Insurance Auto Insurance
Irrigation
Landscaping Maintenance Contract Other Landscape Maintenance Landscape Improvements Contingency
Hurricane Cleanup
Interchange Maintenance Expenses

IME - Aquatics Maintenance

IME - Irrigation IME - Landscaping IME - Lighting
IME - Miscellaneous
IME - Water Reclaimed
New Operational Field Expenses

Trail Benches

Road & Street Facilities

Crosswalk Improvements

Entry and Wall Maintenance Streetlights
Parks & Recreation
Personnel Leasing Agreement
Reserves
Infrastructure Capital Reserve Interchange Maintenance Reserve
Total General & Administrative Expenses	$
Total Expenses	$
Income (Loss) from Operations	$

YTD Actual Through 04/30/201 8

464.02
92.75

11 ,710.30

2,275.00

3,723.00

26,286.25
1 34,432.50
17,000.00
13,344.06

1,841 .21 
1,603.11 
45,045.97
1,229.45

446.43

6,895.19 

266,389.24
335,774.64

1 72,272.20

Anticipated 09/2018

$

05/2018

331 .44
66.25

8,364.50

2,885.00

18,775.89
96,023.21
3,000.00
1,655.94

1,315.15 
1, 145.08
32,175.69
878. 18 

318.88

4,925.14

10,166.67
2,360.00
$    184,387.02
$    230,733.02
$ (176,174.10)

An2t0ic1i8paTtoetdalFsY

$

795.46
1 59.00

20,074.80

5,160.00

3,723.00

45,062. 14 
230,455.71
20,000.00
15,000.00

3, 156.36
2,748. 19 
77,221.66
2,1 07.63

765.31

11 ,820.33

10,1 66.67
2,360.00
$    450,776.26
$    566,507.66
$	(3,901.90)

AFdYo2p0te18d

Budget

$

1 ,000.00
500.00

25,000.00

5,000.00
5,160.00
10,000.00

5,000.00
5,000.00
1,500.00
750.00
10,000.00
218,750.00
20,000.00
35,000.00
34,206.31

3,339.00
31,500.00
77,221 .62
2,362.50
787.50
3,1 50.00

40,000.00
100,000.00

12,000.00
5,000.00

1,320.00

1 0,166.67
2,360.00
$   666,073.60
$    784,073.60
$	(1 ,000.00)

PFrYop2o0s1e9d

Budget

$

1,000.00
500.00

10,000.00

5, 1 60.00
5,000.00

5,000.00
1,500.00
750.00
30,000.00
170,000.00
40,000.00
110,000.00
23,426.31
15,000.00

3,339.00
31,500.00
77,221 .62
20,000.00

3,1 50.00

35,000.00

10,000.00
6,000.00

20,000.00

10,1 66.67
2,360.00
$   636,073.60
$    754,073.60
$	(1 ,000.00)

Budget (Decrease)

Increase /

$   (15,000.00)
(5,000.00)

(5,000.00)

(5,000.00)

20,000.00
(48,750.00)
20,000.00
75,000.00
(10,780.00)
15,000.00

17,637.50
(787.50)

(40,000.00)
(65,000.00)

(2,000.00)
1,000.00

18,680.00

$    (30,000.00)
$     (30 000.00}

-

$	-

Interest Income	$

2,276. 11 

$	1,625.79

$	3,901.90

$

1,000.00

$

1,000.00

$

Other Income (Expense)	 	    	      	     	     	
-
Total Other Income (Expense)	 $	2,276.1 1       $	1,625.79        $	3,901.90       $	1,000.00       $	1,000.00	$	-

Net Income (Loss)	$

1 74,548.31

$   (174,548.31)	$

$	$	$

Myrtle Creek Im provement District Proposed Debt Service Fund Budget
Series 2016A Special Assessment Bonds FY 201 8-2019 

	FY 2018-2019
Proposed Budget	
REVENUES:		
Special Assessments Series 2016A	$	1,634,500.00	
TOTAL REVENUES	$	1,634,500.00	

EXPENDITURES:		
Series 2016A - Interest 11/01/2018	$	317,800.00	
Series 2016A - Principal 05/01/2019	695,000.00	
Series 2016A - Interest 05/01/2019	31 7,800.00	
TOTAL EXPENDITURES	$	1,330,600.00	

EXCESS REVENUES	
$	303,900.00	

Series 2016A - Interest 11/01/2019 	
$	303,900.00	

MYRTLE CREEK IMPROVEMENT DISTRICT

Discussion of Landscape Maintenance Items
(provided under separate cover)

MYRTLE CREEK IMPROVEMENT DISTRICT

Landscape Maintenance Proposals for Wellspring Drive

Presented to: Scott Thacker

-ir

April 10, 2018

TAVISTOCK 

BrightView �

April 1 0, 20 18 
Scott Thacker
6900 Tavistock Lakes Blvd. suite 200
Orlando, Florida 32827

RE: USTA Blvd - Landscape Maintenance Services

Dear Scott:

BrightView is pleased to submit a. professional landscape proposal for USTA Boulevard. Based on our history servicing properties simi lar to USTA Boulevard, we will focus on being pro­
active, providing consistent h igh qual ity service, maintaining plant material health, strong contractor capabilities, fair pricing, and constant written communication between the Management Staff, and our local BrightView branch.
The enclosed proposal will demonstrate how our experienced and skil led team will achieve your landscape goals and keep your property looking its best. These are our main priorities:

Priority item #1 : Plant Material Health screams "Curb Appeal"
Healthy turf is a deep, dark green color sign ifying proper nutrients, appropriate irrigation and fertilization. We further understand thal trees and shrubs are expected to be healthy, upright, vigorous and colorful. We will use the latest ferti lizer formu lations, irrigation techniques and Florida Friendly maintenance practices to achieve this high level curb appeal, with details presented later in this proposal.

Priority item #2: Vendor Capabilities and Pricing. Vendor Capabilities and Pricing together reflect the Ultimate Outcome ofyour Satisfaction. Too few hours on thejob means services go missed. Inadequate training and service practices result in unsightly "curb appeal". Rest assured BrightView has extensive employee training, initial job assessment techniques, and a "value-driven" pricing program lhat results in a qual ity performance and customer satisfaction level second to none in the industry. All of this means our price and our service level is driven by your desired outcome for the property. Please note that our pricing that fo llows will be tied directly to your service expectations.

BrightView �

Priority item #3: Communication. All the best intentions and service capabilities are useless if we do not communicate clearly with you. Our proposal will refer to spec i fic report ing tools such as property management reports, irrigation inspection reports, and site speci fic enhancement ideas. These written reports, along with monthly property walks, will demonstrate not only our abi l ity to keep the board informed of our services, but demonstrate our care and concern to constantly improve the (USTA Bou levard) landscape i ,westment.
As an experienced partner delivering both local expertise and national resources, we understand how a well-maintained landscape attracts people, adds to your property value and contributes to your success. When you partner with BrightView, you will have a team of local profess ionals dedicated to the careful stewardship of your landscape and its enduring beauty and value.

Thank you for the opportunity to submit this proposal. I will fol low up with you in the next few days to answer any questions you may have. Feel free to contact me at
(407) 780-6647or by email at jose.guillen@brightview.com.

Sincerely,

MYRTLE CREEK IMPROVEMENT DISTRICT
LAKE NONA CENTRAL - BOULEVARD AND ROADWAYS LANDSCAPE AND IRRIGATION MAINTENANCE SERVICES PROPOSAL SUMMARY

Basic Services
Total lump sum for all services covered in Request for Proposal:
Proposed Lump Sum      Monthly	Term Total

Term I	   $3,1 63		   $37,958		(for twelve (12) months)	
Term 2
Term 3	    $3, 1 63	
    $3,258		   $37,958	
   $39,097		(for twelve (12) months)
(for twelve (12) months)	

Breakdown ofLump Sum (Contract Total Shown Above):

	Term 1 (10/1/16 - 9/30/17)	Term 2 (10/1/17 - 9/30/18)	Term 3 (10/1/18 - 9/30/19)	
Bond	$ 0	$	0	$ 0	
Mobilization	$ 0	$	0	$	0	
Freeze Protection	$ 0	$	0	$	0	
Turf Care	$	14,204	$	14, 204	$	14,630	
Shrub Care	$ 6,088	$	6,088	$	6,271	
Perennial Rotation per Appendix B	$ 0	$	0	$	0	
Hardscape Maintenance	$	0	$	0	$	0	
Tree Care	$	1, 812 	$ 1 ,812 	$	1 ,866	
Native and Other Grasses	$	350	$	350	$	361	
Pest Control	$ 1 382	$	1 382	$	1 424	
Fertilization	$ 2, 074	$	2,074	$ 2, 1 36	
Mulch	$	8,328	$	8,328	$ 8,578	
Irrigation	$ 1 ,920	$	1 , 920	$ 1 ,978	
Emergency Preparedness (Pre-Stonn)	$	0	$	0	$	0	
Demobilization	$	0	$	0	$	0	
Water Truck (5 days = 61,250 Gals.)	$$	1 ,800	$$	1 ,800	$$	1 ,854	
TOTAL LUMP SUM	37,958	37,958	39,097	

Additional Services
Additional services that may be required will be based on a scope of work provided by the District Representative. Fees for additional services shall be an amount agreed upon by the District Representative and the Contractor. The amounts paid to Contractor for additional services detailed in the following schedule of values shall be as outlined in the schedule.

The Contractor has an opportunity, at the time of proposal submission, to request a blanket adjustment to the following schedule of values. If the Contractor is selected by the District to perform services, such adjustment shall be applied to the fees outlined in the schedule of values when additional relevant services are rendered by the Contractor. Such adjustment, if desired, must be listed below at the time of proposal submission. Such adjustment will serve as a blanket adjustment applied to all of the fees listed in the schedule of values.
Contractor's failure to provide an adjustment factor shall be considered acceptance of the fees outlined in the schedule ofvalues.
e	u	a

Schedule of Valu
% Change to Prices in	s Fee Adj
(T10er/-1m/116 9/30/17)	stment F
(T10er/-1m/127 9/30/18)
0	ctor
(T1e0r/-1m/138 9/30/19)	
ftohre tShcehLedisutleedoTf eVramluses	0	%	%	3	%	

USTA BL VD- Management & Gardener Staff

BrightView

Branch Manager

USTA Blvd
..

I

I

Assistant BM

Account Manager

_ Irrigation Manager
- Certified Arborist
Director
Technical Services

I
Production Manager
I
Crew Manager
I
Mowing Crew
I
Detail Crew

I
Irrigation Site Manager

Irrigation Technician

I
Technical Service
L,
Spray Technician

Your Team

BrightView

The team selected to maintain the USTA Boulevard have the sk ills and experience necessary to meet your specific needs and expectations

John Anderson, Vice President General Manager
AA Degree from State University of New York/ Morrisville
Has	worked	at	BrightView	24	years	in	Landscape Maintenance
Certified Pest Control Operator
Monitoring of Traffic Certified

Matt McDermont- Enhancement Manager
Oversees landscape enhancement crews
Ce1tified in Florida Best Management Practices
MOT Certified
Landscape Technician Certification by FNGLA
Has worked with BrightView for 4 years and has 7 years of experience in the landscaping industry.

Cal Leggett, Horticulture Technical Se,·vice Manager
Oversees H01ticul tural Services in the Orlando Region
BrightYiew Production Systems
Account Manager training program
Bachelors of Science in Horticulture from Colorado State University
Instructor of Best Management Practices
Best Management Practices Instructor
Florida Pest Control Spray ID card holder

BrightView �

fan Rodriguez, Ph.D Technical Services Directot·
	Designs and controls all custom fertil izer and insect control programs for the region
Oversees our 1PM program and all chemicals and ferti lizers
approved for use by BrightYiew Team Members
An active member ofthe University of Florida research team
involved in BMP and m ajor environmental issues that drive our state today

Jamie Clay - Senior Account Manager

BrightView �

Your Single Point of Contact will be Jamie Clay. Jamie currently supervises landscape maintenance business throughout South Orlando and he has worked in the "Green Industry" for 13 years. Over this time Jamie has been involved in maintenance, renovation, design, installation, irrigation management, and tree care on all ofher properties.

Education - Jamie received her Bachelor's Degree in Landscape Horticulture from Colorado State University. Jamie is a Certified Pest Control Applicator and is Florida Best Management Certified.

Prima1·y Focus - Jamie's prime focus is Customer Service and Community Safety. Being proactive, she will schedule jobs effectively and monitor productivity minimizing disruptions to the guests, while keep ing the property, visitors, and BrightView workers safe while we are on site.

Site Responsibilities - Jamie will be on site regularly, will schedule site walks and generate communication tools for your property to replace declining plant material wi.th innovative plant choices to brighten their landscapes. She will also be responsible to develop weekly schedules for the maintenance teams, and all the support services such as irrigation and arborcare required to keep your property looking the best.

B ranch Manager	BrightView
Your single point of contact for your community will be Derek Buehler. Derek currently supervises landscape maintenance business throughout the South Orlando and has been in the landscape industry for over 18 years. In addition to his many management responsibilities, Derek has been involved in training, productivity, maintenance, estimation, design, quality control of landscape enhancements as well as new installations.
Education and Certifications
Graduated from the University of Central Florida Bachelor ofScience in Business Administration
Management Major and Marketing Minor
Certified Best Management Practices
FNGLA Certified Horticultural Professional
FCAP Community Association Provider
Florida DOT Maintenance of Traffic Certified
State of Florida Department of Entomology & Pest Control Certified ID Holder

Skills
Customer satisfaction and good communication
Landscape enhancement, installation & maintenance
Great at building relationships from developers, subcontractors and vendors to clients
Abil ity to read and understand site plans and blueprints
Proven to deliver high quality work
Hobbies
family time with wife and kids
Hunting
Football 
Anything Outdoors

Site Responsibilities - Derek will be on site regularly, will schedule site walks and generate communication tools for your community. He will be responsible to develop weekly schedules for the maintenance teams, and all the support services such as irrigation and arbor care required to keep your property looking the best in the neighborhood.

Turf Maintenance Program

BrightView

Every properly is di fferent with a unique set of maintenance needs. We took into consideration the requirements outlined in your RFP to create the maintenance plan below which is designed to keep your properties looking their best year­ round.

Mowing Services
We will deploy a specific mowing crew to perform all the mowi ng, edging, string trimming, and blowing. The property will be mapped and the crew will follow that mapping progression through all areas weekly. This "mapping" will be provided to the Operations Staff in advance ofour initial service. We can adjust the weekly mow schedule if we encounter rain, an emergency or a schedule adjustment based around a special event. This will guarantee we maintain a
weekly schedule for all turf areas.
We will maintain a weekly schedule for all St Augustine turf areas in the growing season and a bi-weekly schedule in the slow growing months. The following schedule may change according to weather, turf conditions, and fertil ization schedule:
Summer, weekly	(typically March through Oct);
Winter, bi-weekly (typically November through February).
Hand mowers shall be used in areas where large, heavy equipment may damage the turf or other association property.
Grass clippings will be dispersed at each mowing, to eliminate unsightly build­ up of grass clippings that may appear after each mowing. Excessive clippings "wash-up", which may occur after heavy rains, will be promptly addressed by dispersal. Obviously long or heavy grass clippings that cannot be adequately dispersed must be removed. All removed clippings must be recycled in keeping with recommended horticultural procedures unless otherwise stipulated.

r

Sidewalks and driveways will be edged with every mowing. Borders of plant beds  are  to  be  maintained  with  a  distinct  edge  that  separates  the  bed  fom adjoin ing grass. No chemicals shall be used for edging of the beds.

BrightView
This schedule will be updaled monthly and a copy will be provided to you for final approval. Integrated Pest Management (1PM) is an important part of any turfmaintenance program. 1PM uses an efficie11t, effective and environmentally conscious approach to pest management whtch draws on knowledge from several di fferent sciences including entomology (study of insects), mycology (study of fungi), chemistry and horticulture. This interdisciplinary approach enables us to develop sustainable and less costly solutions to many common landscape problems.
Early preventative actions are the key to a successful BMP program. Once you have determined the economic threshold ofa site, the evaluation process may begin. Determining the Best practices program, we use information on:
D	Pest identification D	Pest lifecycles
D	Available pest control methods
D	Control methods that cause the least damage to the environment
□	Soil tests and Fertil izer choice

TASK	

Fortllfzo.tlon
FOl'tlllztatlOl'I with hHOCt COfltr'ol•
Fortlllzor to G"pplomo n1 Color•lf naodad	
summer Broadloar wood control	
Wlncor Bfoadloar wood control Sod a control
Chlnch SU   8an,lcio Call	

MAR

Contractor shall abide by all requirements in the RULES OF THE
ENVIR ONMENTAL PROTECTIO1 N COMMISSION  "FERTILIZER USE AND
LANDSCAPE MANAGEMENT' and other applicable law, regulaNons,
rules, ordinances or permit requirements. It is the Contractor1s responsibility to becomefamiliar with all rules and requirements ofthe Ordinance. Copies ofall Cert[fications ofTraining shall be supplied to the District Representatives with submission ofbids. The District is relying on Contractor to comply with and perform in accordance with all applicable laws, rules, regulations, ordinances, etc.

BrightView �
Shrub and Ground Cover Maintenance Program
Pruning Schedule High freq uency areas will be touched every week. All areas that require pruning will be done one time completely in every month. This program will afford our team the opportunity to adjust the weekly prune schedule ifwe encounter rain, an emergency or a schedule adjustment based around a special event. This will guarantee we maintain all shrub and ground cover beds a minimum ofonce per month and will minimize the variance of"long and short" shrub pruning every month. The appearance
of al I shrubs throughout the community wi 11 look more "uniformly pruned" over the course ofevery month.
This schedule will be updated monthly and a copy will be provided to the Management Staff for final approval. 
This will guarantee we maintain all shrub and ground cover beds a minimum of once per month and wi!J minimize the variance of "long and short" shrub pruning every month. The appearance of all shrubs throughout the properly wi 11 look more "uniformly pruned'' over the course of every month. This schedule will be updated monthly and a copy will be provided to you for final approval.
Several preventative functions are scheduled seasonally. Please note below a general quarterly plan that will become site specific upon further evaluation.
Winter - cut back shrubs needing severe thinning, limb up trees.
Spring - apply pre and post emergent weed prevention chemically to all areas, and fertil ize. Hard cutbacks for selective plants.
Summer- regular inspections to address plant growth, weeds, and overall plant health,
fertilize.
Fall - fert il ize at proper rates, monitor irrigation cut backs, and apply pre-emergent weed control
for winter weed.

BrightView �

Early preventative actions are the key to a successful BMP program. Once you have determined the economic threshold of a site, the evaluation process may begin. Determining the Best practices program, we use information on:
Pest identification
Pest l ifecycles
Avai lable pest control methods
Soil tests and Fertilizer choice
D	Control methods that cause the least damage to the environment

TASK	JAN	FEB	PPR	MAY	JUN	JUL	AUG
Ornamental
Morlt ounoh on Azolu Craoo Mvrtlo Fortlllutlon of Ornomontal Bods

SEPT	OCT	NOV	DEC

Plant growth ro ductton
Supplomontal Fortllizatlon of Palms lnsoct and Soalo control
Spldor Mlto control Gonoral Oisuso control

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All SHRUBS, GROUNDCO VERS and TREES shall be fertilized according Best Management Practices and University of Florida /FAS Extension guidelines

BrightView
Tree and Palm Maintenance Program
You can count on us to preserve your trees, enhance their appearance, increase their production, improve safety and reduce l iability. Our ISA Certified Arborists offer a comprehensive set of services and will be available to you for everything you may need to keep your trees healthy and beautiful. Tree Care services include:
Tree pruning
Soil and tissue analysis
Cabling and bracing
Emergency storm clcarnncc
Tree removal and stump grinding
Inventory and management plans
Insect and disease control
Nutrient management
Fert ilization
Transplant and relocation
Nuisance fruit production control
Hazard evaluation and
management
The pruning of trees and palms assures the natural character which reduces potential hazards and insures stability in your urban tree canopy. Hardwood Trees can be pruned at various times ofthe year but our ISA Certified Arborist recommends a Winter and Summer management program
Winter- Maintenance Pruning of Crape Myrtles (February- March), Hardwood elevation and deadwood
removal if necessary

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Spring- (April-May) Pruning of all Palms to remove brown fonds and seed stalks.
Summer- Maintenance
Pruning of Hardwoods to remove excess foliage, building, security, vehicle and pedestrian clearance issues.
Fall-(September-October)

r

Pruning of all Palms to remove
brown fonds and seed stalks (Optional if needed)

BrightView
Annuals Installation and Maintenance Program
On a per-square-foot basis, color plantings are usually the most intensively
managed element of a landscape. There are ways, however, to develop an outstanding color program that makes a strong return on the investment. Color themes may be used to complement buildings, company colors or the appropriate season ofthe year. We will use a specific subcontractor to grow,the annual color. Using a quality, BrightYiew approved

subcontractor wi 11 provide better control and uniformity of plants for the community.
Creates aesthetic excitement
Provides an individual identity to the property
Attracts the attention of employees, guests and the general public
Complements a well-maintained landscape
Creates a pleasing atmosphere
Makes an eye-catching statement about the property
Adds value to the property
Planting Procedure
Remove existing plant material/mulch
Trench beds with flat shovel
Add so il amendments
Thoroughly rototill entire bed area
Use marking paint to set design
Lay out flats near beds
Know correct spacing of plant per species
Fertilize beds
Smooth out all footprints in beds

BrightView

Comprehensive Irrigation Service
Every Irrigation clock will be checked thoroughly once per month by the fu ll time irrigation Technician. A repo1t will be provided to the Director of Operations. Any irrigation heads or damaged will be repaired immediately. Any other problems will be reported immediately to Director

•

of Operations.
The monthly irrigation check will assure us that every zone is fully operational, and that the coverage is adequate to keep a healthy and lush landscape.
Water management is a key element in a
successful .landscape Management program.
The best preventative maintenance program is the one that consistently checks the system, keeps it up and running properly, and repairs any issues in timely manner.

CUSTOMERS
SOLD ON BRIGHTVIEW

BrightView �

LAUREATE PARK LAKE NONA

BrightView �

LAUREATE PARK LAKE NONA

BrightView

BOGGY CREEK BLVD LAKE NONA

BrightView �

BOGGY CREEK BLVD LAKE NONA

BrightView

TAVISTOCK BLVD LAKE NONA

BrightView �

TAVISTOCK BLVD LAKE NONA

BrightView �

TAVISTOCK BLVD LAKE NONA

BrightView �

EAGLE CREEK HOA

BrightView

GOLDEN OAK HOA DISNEY COMMUNITY

Communication Catered to Your Style

BrightView�

To ensw-e a successful partnership, effective communication is one of our top priorities. We have found the best way to keep our customers h ighly satisfied is to always make sure we understand your current needs and priorities. We believe strongly in being proactive in our communication and have designed several forms and checklists our customers find valuable for stayi ng apprised oftheir landscape status and maintenance activity.
Additionally, we are equi pped to respond quickly to new and unexpected needs as they arise.

Proactive Communication
Walk your property with you to continually be awarn of yout· priorities
Report our daily maintenance activities as often as you prefer
Provide digital photos to verify technical issues, damage and plant and tree health

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BrightView �

Our Eye Is Always on Quality and Continuous Improvement

Our team management wi ll review your property period ically to ensure our crew is meeting qual ity standards and your expectations. This internal review process is an important element of our qual ity assurance and continuous improvement programs. The crewtakes these reports very serious ly as they impact theircompensation.

Your Complete Satisfaction is Our #1 Goal
We judge our success by the complete satisfaction of our customers. Every member of your landscape team wi ll strive to earn your trust and loyalty through a proactive relationship in which we consistently perform work of the highest quality with unmatched responsiveness. To meet this goa l, we continually collect feedback through a comprehensive customer satisfaction program. We use the valuable insight gained through our survey program to determine system improvements and guide the content of our employee training program.

Emergency Response Team Ready When You Need Us
With dozens of locations across Florida and more than 3,000 employees in the state, we can dispatch faster than other landscape service providers in the event of a catastrophic situation, i ncluding but not limited to hurricanes, tornadoes / water spouts, and severe weather.

When a catastrophe occurs, your local Branch Manager, will

BrightView �

r

personally draw on resources and pull equipment fom within the BrightView network to ensure your property is quickly, properly and safely serviced.

Resources from branch offices thrnughout Florida will be available in the event of an emergency to ensure om customers have access to crews and equipment quickly.

Imagine Landscaping Si111plified	April, 2018

Exhibit "A"
Pricing Summaryjor Myrtle Creek CDD - Wellspring & Performance Dr.

Core Services:
Grounds Maintenance: $ 46,284 per year Irrigation Management: $ 4,200 per year Fertilization & Pest: $ 11,040 per year

I    $  3,857 per month I    $    350 per month I $ 920 per month

Core Services Cost: $ 61,524 per year	$	5,127.Per month

Additional Services:	
Mulch Installation - 225 cu. yards at $45.00 ea.
Annual Price -	$ 10,128
Palm Pruning - once per year
Annual Price -	$ 3,060
Bush Hogging - 20' of ROW outside sidewalks & 2 bahia ponds (24 cycles)
Annual Price - $ 14,700

Additional  Services Cost:	$  27,888 per year	$  2,324	er month

Myrtle Creek CDD - Welspring & Performance Dr.

Imagine Landscaping Simplified	April, 2018

Exhibit "B"
Frequency Schedulefor Myrtle Creek CDD - Wellspring &
Performance Drive

FUNCTION	)	F	M	A	M	)	)	A	s	0	N	D

TOTAL

MOWING - Zoysla	2	2	4	4	4	5	4	5	4	4	2	2	42	
"'MOWING - ROW & Ponds	2	2	2	2	2	2	2	2	2	2	2	2	24	
HARD EDGING	2	2	4	4	4	5	4	5	4	4	2	2	42	
SOFT EDGING	1	1	1	1	1	1	1	1	1	1	1	1	12	
BLOWING	2	2	4	4	4	5	4	5	4	4	2	2	42	
STRING-TRIM	2	2	4	4	4	5	4	5	4	4	2	2	42	
SHRUB PRUNE	1	1	1	1	1	1	1	1	1	1	1	1	12	
NON-SELECT HERBICIDE	1	1	1	2	2	2	2	2	2	1	1	1	18	
ORNAMENTAL TREE PRUNE	1	0	0	0	0	0	0	0	0	0	0	0	1	
CRAPE MYRTLE PRUNING	0	1	0	0	0	0	0	0	0	0	0	0	1	
ADDITIONAL WINTER VISITS	2	2	1	0	0	0	0	0	0	1	2	2	10	
PALM PRUNE	0	0	0	0	0	0	0	0	1	0	0	0	1	
TURF- FERTILIZATION & PC	1	0	1	0	1	0	1	0	1	0	1	0	6	
SHRUB- FERTILIZATION & PC	0	1	0	1	0	1	0	1	0	1	0	1	6	
ANNUALS FLOWER PROGRAM	0	0	0	0	0	0	0	0	0	0	0	0	N/A	
IRRIGATION INSPECTIONS	1	1	1	1	1	1	1	1	1	1	1	1	12	
MULCHING	0	0	1	0	0	0	0	0	0	0	0	0	1	

*Retention ponds and ROW mowing schedule may differ. Total of 24 cycles per year.

Myrtle Creek CDD - Welspring & Perfonnance Dr.

4112/2018
�

KtCK �n10hi r-.\J!--P, ,

Rick Singh CFA Orange County P.roperty Appraiser Florida

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MYRTLE CREEK IMPROVEMENT DISTRICT

Landscape Maintenance Agreement for Wellspring Drive

AGREEMENT BETWEEN THE MYRTLE CREEK IMPROVEMENT DISTRICT AND 	, REGARDING THE PROVISION
OF WELLSPRING DRIVE LANDSCAPE AND IRRIGATION MAINTENANCE SERVICES

This Agreement is made and entered into as of this	 	day of	 	
between:

_� 20 1 8, by and

Myrtle Creek Improvement District, a local unit of special-purpose government established pursuant to Chapter 1 90, Florida Statutes, and located in the City of Orlando, Florida, whose address is 1 205 1 Corporate Boulevard, Orlando, Florida 328 17 ("District") and

--------,  a  Florida (hereinafter "Contractor").

---	-

, whose address is -	---	-

RECITALS
WHEREAS, the District was established by ordinance of the City Council of the City of Orlando, Florida, for the purpose of financing, funding, planning, establishing, acquiring, constructing or reconstructing, enlarging or extending, equipping, operating, and maintaining systems and facilities for certain infrastructure improvements; and
WHEREAS, the District has a need to retain an independent contractor to provide landscape and

irrigation maintenance services on certain lands known as 	_ the District, described in Exhibit "A"; and

_	_ that are located within and around

WHEREAS, Contractor submitted a proposal, attached as Exhibit "B," and represents that it is qualified to serve as a landscape maintenance contractor and provide such services to the District; and
NOW, THEREFORE, in consideration of the mutual covenants contained in this Agreement, it is agreed that the Contractor is hereby retained, authorized, and instructed by the District to perform in accordance with the following covenants and conditions, which both the District and the Contractor have agreed upon:
INCORPORATION OF RECITALS. The recitals stated above are true and correct and by this reference are incorporated by reference as a material part ofthis Agreement.
DESCRIPTION OF WORK AND SERVICES.
The District desires that the Contractor provide a high quality level of professional landscape and irrigation maintenance services within presently established standards. Upon all parties signing this Agreement, the Contractor shall provide the District with the specific services identified in this Agreement.
While providing the services identified in this Agreement, the Contractor shall assign such staff as may be required, and such staff shall be responsible for coordinating, expediting, and controlling all aspects to assure completion ofthe services.
The Contractor shall provide the specific professional services as shown in Paragraph Three (3) ofthis Agreement.
SCOPE OF LANDSCAPE AND IRRIGATION MAINTENANCE SERVICES. The duties, obligations, and responsibilities of the Contractor are to be performed as described in the Scope of Services, which is incorporated by reference as a material part ofthis Agreement in Exhibit "C", "D" and "E". Contractor shall solely be responsible for the means, manner and methods by which its duties, obligations and responsibilities are met to the satisfaction of the District.

MANNER OF CONTRACTOR'S PERFORMANCE. The Contractor agrees, as an independent contractor, to undertake work and/or perform such services as specified in this Agreement or any addendum executed by the Parties or in any authorized written work order by the District issued in connection with this Agreement and accepted by the Contractor. All work shall be performed in a neat and professional manner reasonably acceptable to the District and shall be in accordance with industry standards. The performance of all services by the Contractor under this Agreement and related to this Agreement shall conform to any written instructions issued by the District.
Should any work and/or services be required which are not specified in this Agreement or any addenda, but which are nevertheless necessary for the proper provision of services to the District, such work or services shall be fully performed by the Contractor as if described and delineated in this Agreement.
The Contractor agrees that the District shall not be liable for the payment of any work or services unless the District, through an authorized representative of the District, authorizes the Contractor, in writing, to perform such work.
The District shall designate in writing a person to act as the District's representative with respect to the services to be performed under this Agreement. The District's representative shall have complete authority to transmit instructions, receive information, interpret and define the District's policies and decisions with respect to materials, equipment, elements, and systems pertinent to the Contractor's services.
The District hereby designates Scott Gasaway and Stephen Flint of Tavistock Development Company, LLC, to act as its representatives in matters related to this Agreement.
The Contractor agrees to meet with the District's representatives no less than four (4) times per month. The Contractor also agrees to walk the property to discuss conditions, schedules, and items of concern regarding this Agreement a minimum of one (1) time per month or as often as the District deems it necessary.
The District representatives may appoint an employee or employees of Tavistock Development Company, LLC, which are under his direct supervision to act as an alternate representative as may be required during on site meetings.
In the event that time is lost due to heavy rains ("Rain Days"), the Contractor agrees to reschedule its employees and divide their time accordingly to complete all scheduled services during the time during the same week as any Rain Days. The Contractor shall provide services on Saturdays if needed to make up Rain Days, but shall not provide services on Sundays.
Contractor shall use all due care to protect the property of the District, its residents, and landowners from damage. Contractor agrees to repair any damage resulting from Contractor's activities and work within twenty-four (24) hours.
COMPENSATION; TERM.
As compensation for services described in this Agreement, the District agrees to pay the

Contractor  in  monthly payments of $ 	�	Dollars) for the
previous  month's  work  for  a yearly  total of $		           	 Dollars). Work shall commence on or about	� 201 8, and end September 30, 2018. In the event this Agreement is terminated pursuant to Section 14 herein, payment will be prorated for the payment period during which termination becomes effective.

If the District should desire to extend this Agreement for up to two (2) additional one-year terms, at the compensation rate established in Exhibit "B", District shall notify Contractor within thirty (30) days of the then current expiration date of this Agreement of its desire to do so.
If the District should desire additional work or services, or to add additional lands to be maintained, the Contractor agrees to negotiate in good faith to undertake such additional work or services. Upon successful negotiations, the Parties shall agree in writing to an, addendum, addenda, or change order to this Agreement. The Contractor shall be compensated for such agreed additional work or services based upon a payment amount acceptable to the Parties and agreed to in writing. No additional services shall be provided by the Contractor unless done at the direction of the District.
The District may require, as a condition precedent to making any payment to the Contractor that all subcontractors, material men, suppliers or laborers be paid and require evidence, in the form of Lien Releases or partial Waivers of Lien, to be submitted to the District by those subcontractors, material men, suppliers or laborers, and further require that the Contractor provide an Affidavit relating to the payment of said indebtedness. Further, the District shall have the right to require, as a condition precedent to making any payment, evidence from the Contractor, in a form satisfactory to the District, that any indebtedness of the Contractor, as to services to the District, has been paid and that the Contractor has met all ofthe obligations with regard to the withholding and payment of taxes, Social Security payments, Workmen's Compensation, Unemployment Compensation contributions, and similar payroll deductions from the wages of employees. Any subcontractors proposed to be used by Contractor are subject to approval by the District, which approval maybe withheld in the District's sole discretion.
The Contractor shall maintain records conforming to usual accounting practices. Further, the Contractor agrees to render monthly invoices to the District, in writing, which shall be delivered or mailed to the District by the fifth (5th) day of the next succeeding month. These monthly invoices are due and payable within forty-five (45) days ofreceipt by the District. Each monthly invoice will include such supporting information as the District may reasonably require the Contractor to provide.
INSURANCE.
The Contractor shall maintain throughout the term ofthis Agreement the following insurance:
Worker's Compensation Insurance in accordance with the laws ofthe State of Florida.
Commercial General Liability Insurance covering the Contractor's legal liability for bodily injuries, with limits of not less than $1 ,000,000 combined single limit bodily injury and property damage liability, and covering at leastthe following hazards:
Independent Contractors Coverage for bodily injmy and property damage in connection with subcontractors' operation.
Employer's Liability Coverage with limits of at least $1 ,000,000 (one million dollars) per accident or disease.
Automobile Liability Insurance for bodily injuries in limits of not less than $1 ,000,000 combined single limit bodily inj ury and for property damage, providing coverage for any accident arising out of or resulting from the operation, maintenance, or use by the

Contractor of any owned, non-owned, or hired automobiles, trailers, or other equipment required to be licensed.
The District, its staff, consultants, representatives and supervisors and Tavistock Development Management, LLC, shall be named as an additional insured. The Contractor shall furnish the District with the Certificate of Insurance evidencing compliance with this requirement. No certificate shall be acceptable to the District unless it provides that any change or te1mination within the policy periods of the insurance coverage's, as certified, shall not be effective within thirty (30) days of prior written notice to the District. Insurance coverage shall be from a reputable insurance carrier, licensed to conduct business in the State of Florida, and such cairier shall have an A.M. Best's Insurance Reports rating of at least A-VII.
If the Contractor fails to have secured and maintained the required insurance, the District has the right (without any obligation to do so, however), to secure such required insurance in which event, the Contractor shall pay the cost for that required insurance and shall furnish, upon demand, all infmmation that may be required in connection with the District's obtaining the required Insurance.
INDEMNIFICATION.
Obligations under this section shall include the payment ofall settlements, judgments, damages, liquidated damages, penalties, forfeitures, back pay awards, court costs, arbitration and/or mediation costs, litigation expenses, attorney fees, and paralegal fees (incurred in court, out of court, on appeal, or in bankruptcy proceedings) as ordered.
Contractor agrees to indemnify and hold harmless the District and its officers, supervisors, agents and employees and the District Representative from any and all liability, claims, actions, suits or demands by any person, corporation or other entity for injuries, death, property damage or of any nature, arising out of, or in connection with, the work to be performed by Contractor, including litigation or any appellate proceedings with respect thereto. Contractor further agrees that nothing herein shall constitute or be construed as a waiver of the District's limitations on
liability contained in section 768.28, Florida Statutes, or other statute.
COMPLIANCE WITH GOVERNMENTAL REGULATION. The Contractor shall keep, observe, and perform all requirements of applicable local, State, and Federal laws, rules, regulations, or ordinances. Ifthe Contractor fails to notify the District in writing within five (5) days of the receipt of any notice, order, required to comply notice, or a report of a violation or an alleged violation, made by any local, State, or Federal governmental body or agency or subdivision thereof with respect to the services being rendered under this Agreement or any action of the Contractor or any of its agents, servants, employees, or material men, or with respect to terms, wages, hours, conditions of employment, safety appliances, or any other requirements applicable to provision of services, or fails to comply with any requirement of such agency within five (5) days after receipt of any such notice, order, request to comply notice, or report of a violation or an alleged violation, the District may terminate this Agreement, such termination to be effective upon the giving of notice of termination.
LIENS AND CLAIMS. The Contractor shall promptly and properly pay for all labor employed, materials purchased, and equipment hired by it to perform under this Agreement. The Contractor shall keep the District's property free from any material men's or mechanic's liens and claims or notices in respect to such liens and claims, which arise by reason of the Contractor's performance under this Agreement, and the Contractor shall immediately discharge any such claim or lien. In the event that the Contractor does not pay or satisfy such claim or lien within three (3) business days after the filing of notice thereof, the District, in addition to any and all other remedies available under this Agreement, may terminate this Agreement to be effective immediately upon the giving notice oftermination.

DEFAULT AND PROTECTION AGAINST THIRD PARTY INTERFERENCE. A default by either Party under this Agreement shall entitle the other to all remedies available at law or in equity, which may include, but not be limited to, the right of damages, injunctive relief, and/or specific performance. The District shall be solely responsible for enforcing its rights under this Agreement against any interfering third party. Nothing contained in this Agreement shall limit or impair the District's right to protect its rights from interference by a third party to this Agreement.
CUSTOM AND USAGE. It is hereby agreed, any law, custom, or usage to the contrary notwithstanding, that the District shall have the right at all times to enforce the conditions and agreements contained in this Agreement in strict accordance with the terms ofthis Agreement, notwithstanding any conduct or custom on the part ofthe District in refraining from so doing; and further, that the failure ofthe District at any time or times to strictly enforce its rights under this Agreement shall not be construed as having created a custom in any way or manner contrary to the specific conditions and agreements ofthis Agreement, or as having in any way modified or waived the same.
SUCCESSORS. This Agreement shall inure to the benefit of and be binding upon the heirs, executors, administrators, successors, and assigns of the Parties to this Agreement, except as expressly limited in this Agreement.
TERMINATION. The District agrees that the Contractor may terminate this Agreement with or without cause by providing one hundred and eighty (1 80) days written notice of termination to the District; provided, however, that the District shall be provided a reasonable opportunity to cure any failure under this Agreement. The Contractor agrees that the District may terminate this Agreement immediately with cause by providing written notice of termination to the Contractor. The District may terminate this agreement without cause by providing thirty (30) days written notice. Upon any termination ofthis Agreement, the Contractor shall be entitled to payment for work and/or services rendered up until the effective termination ofthis Agreement, an amount prorated in accordance with Section S(A) of this Agreement, subject to whatever claims or off-sets the District may have against the Contractor.
PERMITS AND LICENSES. All permits and licenses required by any governmental agency directly for the District shall be obtained and paid for by the District. All other pennits or licenses necessary for the contractor to perform under this Agreement shall be obtained and paid for by the Contractor.
ASSIGNMENT. Neither the District nor the Contractor may assign this Agreement without the prior written approval ofthe other. Any purported assignment without such prior written approval shall be void.
INDEPENDENT CONTRACTOR STATUS. In all matters relating to this Agreement, the Contractor shall be acting as an independent contractor. Neither the Contractor nor employees, subcontractors, material men or suppliers, of the Contractor, if there are any, are employees of the District under the meaning or application of any Federal or State Unemployment or Insurance Laws or Old Age Laws or otherwise. The Contractor agrees to assume all liabilities or obligations imposed by anyone or more ofsuch laws with respect to employees of the Contractor, if there are any, in the perfo1mance of this Agreement. The Contractor shall not have any authority to assume or create any obligation, express or implied, on behalf of the District and the Contractor shall have no authority to represent the District as an agent, employee, or in any other capacity, unless otherwise set forth in this Agreement.
HEADINGS FOR CONVENIENCE ONLY. The descriptive headings in this Agreement are for convenience only and shall neither control nor affect the meaning or construction ofany ofthe provisions ofthis Agreement.
ENFORCEMENT OF AGREEMENT. In the event that either the District or the Contractor is required to enforce this Agreement by court proceedings or otherwise, then the prevailing party shall be entitled to recover all fees and costs incmTed, including reasonable attorneys' fees and costs for trial, alternative dispute resolution, or appellate proceedings.

AGREEMENT. This instrument shall constitute the final and complete expression of this Agreement between the District and the Contractor relating to the subject matter ofthis Agreement.
AMENDMENTS. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both the District and the Contractor.
AUTHORIZATION. The execution of this Agreement has been duly authorized by the appropriate body or official of the District and the Contractor, both the District and the Contractor have complied with all the requirements of law, and both the District and the Contractor have full power and authority to comply with the terms and provisions ofthis instrument.
NOTICES. All notices, requests, consents and other communications under this Agreement ("Notices") shall be in writing and shall be delivered, mailed by First Class Mail, postage prepaid, or overnight delivery service, to the parties, as follows:

If to the District:

With a copy to:

With a copy to:

Myrtle Creek Improvement District Attn: Joe MacLaren
1205 1 Corporate Boulevard
Orlando, Florida 328 17 
Hopping Green & Sams, P.A. Attn: Tucker Mackie
11 9 South Monroe Street, Suite 300
Tallahassee, Florida 323 14 
Tavistock Development Company, LLC Attn: Scott Gasaway
6900 Tavistock Lakes Blvd., Suite 200
Orlando, Florida 32827

If to the Contractor:	 	

Attn: -	-

Except as otherwise provided in this Agreement, any Notice shall be deemed received only upon actual delivery at the address set forth above. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non­ business day, shall be deemed received on the next business day. Ifany time for giving Notice contained in this Agreement would otherwise expire on a non-business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the District and counsel for the Contractor may deliver Notice on behalfofthe District and the Contractor. Any party or other person to whom Notices are to be sent or copied may notify the other patties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days written notice to the patties and addressees set forth herein.
THIRD PARTY BENEFICIARIES. This Agreement is solely for the benefit of the District and the Contractor and no right or cause ofaction shall accrue upon or by reason, to or for the benefit ofany third patty not a formal patty to this Agreement. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the District and the Contractor any right, remedy, or claim under or by reason of this Agreement or any of the provisions or conditions of this Agreement; and all ofthe provisions, representations, covenants, and conditions contained in this Agreement shall inure to the sole

benefit of and shall be binding upon the District and the Contractor and their respective representatives, successors, and assigns.
CONTROLLING LAW. This Agreement and the provisions contained in this Agreement shall be construed, interpreted, and controlled according to the laws ofthe State of Florida.
EFFECTIVE DATE. This Agreement shall be effective after execution by both the District and the Contractor, and shall remain in effect until September 30, 20 1 8, unless terminated by either ofthe District or the Contractor.
PUBLIC RECORDS. Contractor understands and agrees that all documents of any kind provided to the District in connection with this Agreement may be public records, and, accordingly, Contractor agrees to comply with all applicable provisions of Florida law in handling such records, including but not limited to Section  1 19.070 1, Florida Statutes. Contractor acknowledges that the designated  public records custodian for the District is Jenn ifer Walden ("Public Records Custodian"). Among other requirements and to the extent applicable by law, the Contractor shall l) keep and maintain public records reqllired by the District to perform the service; 2) upon request by the Public Records Custodian, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does not exceed the cost provided in Chapter 1 19, Florida Statutes; 3) ensure that public records which arc exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration ofthe contract term and following the contract term if the Contractor does not transfer the
records to the Public Records Custodian of the District; and 4) upon completion of the contract, transfer to the District, at no cost, all public records in Contractor's possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws. When such public records are transferred by the Contractor, the Contractor shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored elech·onically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats.
IF THE CONTRACTOR HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STA TUTES, TO THE CONTRACTOR'S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS CONTRACT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT 407- 382-3256, JENNIFERW@FISHKIND.COM, OR AT 12051 CORPORATE BLVD, ORLANDO, FL
32817.

SEVERABILITY. The invalidity or unenforceability ofanyone or more provisions ofthis Agreement shall not affect the valid ity or enforceability of the remaining portions of this Agreement, or any part of this Agreement not held to be invalid or unenforceable.
ARM'S LENGTH TRANSACTION. This Agreement has been negotiated fully between the District and the Contractor as an arm's length transaction. The District and the Contractor participated fully in the preparation of this Agreement with the assistance of their respective counsel. In the case ofa dispute concerning the interpretation of any provision of this Agreement, the parties are each deemed to have drafted, chosen, and selected the language, and any doubtful language will not be interpreted or construed against any party.
COUNTERPARTS. This Agreement may be executed in any number of counterparts, each of which when executed and delivered shall be an original; however, all such counterparts together shall constitute, but one and the same instrnment.

[remainder ofpage left intentionally blank]

IN WITNESS WHEREOF, the parties execute this agreement the day and year first written above.

Attest:

Secretary/Assistant Secretary

(Signature of Witness) (Print Name of Witness)

MYRTLE CREEK IMPROVEMENT DISTRICT

Chairman, Board of Supervisors

CONTRACTOR

A Florida -	-

By: 		_

Its :

--------

Exhibit A Exhibit B Exhibit C Exhibit D Exhibit E

Map of Areas to be Maintained Contractor's Submitted Proposal
Scope of Services, Landscape Maintenance Cultural Practices Emergency Preparedness Plan
Freeze Protection Plan

MYRTLE CREEK IMPROVEMENT DISTRICT

Landscape Maintenance Funding Agreement with Tavistock

LANDSCAPE AND IRRIGATION MAINTENANCE FUNDING AGREEMENT BETWEEN THE MYRTLE CREEK IMPROVEMENT DISTRICT AND TAVISTOCK DEVELOPMENT COMPANY, LLC

This Agreement is made and entered into this and between:

day of	 	

_, 2018, by

MYRTLE CREEK IMPROVEMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, being situated in the City of Orlando, Florida, and whose mailing address is 12051 Corporate Boulevard, Orlando, Florida 32817 (hereinafter "District"), and
TAVISTOCK DEVELOPMENT COMPANY, LLC, a Florida limited liability company, whose address is 6900 Tavistock Lakes Boulevard, Suite 200, Orlando, Florida 32827 (hereinafter "Developer").

RECITALS
WHEREAS, the District was established by an ordinance adopted by the City Council of the City of Orlando, Florida, for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure; and
WHEREAS, the District, pursuant to Chapter 190, Florida Statutes, is authorized to levy such taxes, special assessments, fees, and other charges as may be necessary in furtherance of the District' s activities and services; and
WHEREAS, Developer presently owns and/or is developing the real property ("Property") within the District, which Property will benefit from the timely construction and acquisition of the District's facilities, activities and services and from the continued operations of the District; and
WHEREAS, the District has entered into that certain Agreement between the Myrtle Creek Improvement  District  and          --        �'  Regarding  the  Provision  of  Wellspring  and

Performance  Drives  Landscape  and  Irrigation  Maintenance  Services,  dated   		_
2018, and attached hereto and incorporated herein by reference as Exhibit A, for landscape and irrigation maintenance services to be provided ("Services");
WHEREAS, in lieu of levying assessments to fund, the Developer is willing to provide one hundred percent (100%) of the funds necessary to allow the District to proceed with the Services described in Exhibit A; and
WHEREAS, the Developer has agreed to enter into this Agreement in lieu of having the District levy and collect any non-ad valorem assessments as authorized by law against the certain pmiions of prope1iy located within the District for the Services set fo1ih in Exhibit A; and

Now, THEREFORE, based upon good and valuable consideration and the mutual covenants of the pmiies, the receipt of which and sufficiency of which are hereby acknowledged, the parties agree as follows:
FUNDING. The Developer agrees to make available to the District the monies necessary for the Services described in Exhibit A, within fifteen (15) days of written request by the District. Funds provided hereunder shall be placed in the District's general checking account. These payments are made by the Developer in lieu of taxes, fees, or assessments which might otherwise be levied or imposed by the District.
ALTERNATIVE COLLECTION METHODS.
In the alternative or in addition to the collection method set forth in Paragraph 2 above, the District may enforce the collection of funds due under this Agreement by action against the Developer in the appropriate judicial forum in and for the County. The enforcement of the collection of funds in this manner shall be in the sole discretion of the District Manager on behalf of the District. In the event that either party is required to enforce this Agreement by court proceedings or otherwise, then the parties agree that the prevailing party shall be entitled to recover from the other all costs incurred, including reasonable attorneys' fees and costs for trial, alternative dispute resolution, or appellate proceedings.
The District hereby finds that the Services set forth in Exhibit A provide a special and peculiar benefit to the certain prope1iy within the District. The Developer agrees that the Services set forth in Exhibit A provide a special and peculiar benefit to certain property within the District equal to or in excess of the costs set fmih in Exhibit A. Therefore, in the alternative or in addition to the other methods of collection set forth in this Agreement, the District, in its sole discretion, may choose to certify amounts due hereunder as a non-ad valorem assessment on benefitting property, as determined by the District, for collection, either through
the Uniform Method of Collection set forth in Chapter 197, Florida Statutes, or under any
method of direct bill and collection authorized by Florida law. Such assessment, if imposed, may be certified on the next available tax roll of the County property appraiser.
AGREEMENT; AMENDMENTS. This instrument shall constitute the final and complete expression of the agreement between the pmiies relating to the subject matter of this Agreement. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both of the parties hereto.

AUTHORIZATION. The execution of this Agreement has been duly authorized by the appropriate body or official of all pmiies hereto, each party has complied with all the requirements of law, and each party has full power and authority to comply with the terms and provisions of this instrument.
ASSIGNMENT. This Agreement may be assigned, in whole or in part, by either party only upon the written consent of the other, which consent shall not be unreasonably withheld.

DEFAULT. A default by either party under this Agreement shall entitle the other to all remedies available at law or in equity, which shall include, but not be limited to, the right of damages, injunctive relief and specific performance and specifically including the ability of the District to enforce any and all payment obligations under this Agreement in the manner described herein in Paragraphs 2 and 3 above.
THIRD PARTY RIGHTS; TRANSFER OF PROPERTY. This Agreement is solely for the benefit of the formal parties herein and no right or cause of action shall accrue upon or by reason hereof, to or for the benefit of any third party not a formal party hereto.   Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the parties hereto any right, remedy or claim under or by reason of this Agreement or any provisions or conditions hereof; and all of the provisions, representations, covenants and conditions herein contained shall inure to the sole benefit of and shall be binding upon the parties hereto and their respective representatives, successors and assigns. In the event the Developer sells or otherwise disposes of its business or of all or substantially all of its assets relating to improvements, work product, or lands within the District, the Developer shall continue to be bound by the terms of this Agreement and additionally shall expressly require that the purchaser agree to be bound by the te1ms of this Agreement. The Developer shall give 90 days prior written notice to the District under this Agreement of any such sale or disposition.
FLORIDA LAW GOVERNS. This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida.
ARM'S LENGTH TRANSACTION. This Agreement has been negotiated fully between the parties as an arm's length transaction. The parties paiiicipated fully in the preparation of this Agreement with the assistance of their respective counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, the parties are each deemed to have drafted, chosen and selected the language, and the doubtful language will not be interpreted or construed against any paiiy.
EFFECTIVE DATE. The Agreement shall be effective after execution by both parties hereto. The enforcement provisions of this Agreement shall survive its termination, until all payments due under this Agreement are paid in full.

[remainder ofpage intentionally left blank]

IN WITNESS WHEREOF, the parties execute this Agreement the day and year first written
above.

Attest:

Secretary/Assistant Secretary

Witness

MYRTLE CREEK IMPROVEMENT DISTRICT

ChairNice-Chairperson

TAVISTOCK DEVELOPMENT COMPANY, LLC,

Its:--------

a Florida limited liability company

By:	 	_

Exhibit A:	Landscape and Irrigation Maintenance Services Agreement

MYRTLE CREEK IMPROVEMENT DISTRICT

Review of FY 2017 Audit Draft

MYRTLE    CREEK      IMP ROVEMENT DISTRICT CITY OF ORLANDO, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017

MYRTLE CREEK IMPROVEMENT DISTRICT CITY OF ORLANDO, FLORIDA

TABLE OF CONTENTS

INDEPENDENT AUDITOR'S REPORT MANAGEMENT'S DISCUSSION AND ANALYSIS
BASIC FINANCIAL STATEMENTS
Government-Wide Financial Statements: Statement of Net Position
Statement of Activities Fund Financial Statements:
Balance Sheet - Governmental Funds
Reconciliation of the Balance Sheet - Governmental Funds to the Statement of Net Position
Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities
Notes to the Financial Statements

REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - General Fund
Notes to Required Supplementary Information

Page 1 -2

3-6

7
8

9

10 

11 

12 
1 3-21

22
23

INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH
GOVERNMENT A UDITING STANDARDS	24-25
INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 21 8.41 5, FLORIDA STATUTES, REQUIRED BY RULE 10.556(1 0)
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	26
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	27-28

INDEPENDENT AUDITOR'S REPORT

To the Board of SupeNisors
Myrtle Creek Improvement District City of Orlando, Florida
Report on the Financial Statements

We have audited the accompanying financial statements ofthe governmental activities and each major fund of Myrtle Creek Improvement District, City of Orlando, Florida ("District") as of and for the fiscal year ended September 30, 201 7, which collectively comprise the District's basic financial statements as listed in the table of contents.
Management's Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fairpresentation of financial statements that are free from material misstatement, whether due to fraud or error.
Auditor's Responsibility

Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedu res to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Opinions

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund, of the District as of September 30, 2017, and the respective changes in financial position thereof for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America.

Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management's discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is req uired by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the req uired supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Reporting Requi red by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated xxxxxxxx, 20xx, on our consideration of the District's internal control over financial reporting and on our tests of its compliance with certain p rovisions of laws, regulations, contracts, g rant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District's internal control over financial reporting and compliance.
Report on Other Legal and Regulatory Requi rements
We have also issued our report dated xxxxxxxx, 20xx, on our consideration of the District's compliance with the requirements of Section 21 8.41 5, Florida Statutes, as req uired by Rule 1 0.556(1 0) of the Auditor General ofthe State of Florida. The purpose ofthat report is to provide an opinion based on our examination conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants.

xxxxxxxx, 20xx

MANAGEMENT'S DISCUSSION AND ANALYSIS

The management ofthe Myrtle Creek Improvement District, City of Orlando, Florida ("District") would like to offer the readers of the District's financial statements this discussion and analysis of the District's financial activities for the fiscal year ended September 30, 2017. Please read it in conjunction with the District's Independent Auditor's Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.
FINANCIAL HIGHLIGHTS
The liabilities of the District exceeded its assets plus deferred outflows of resources at the close ofthe most recent fiscal year resulting in a net position deficit balance of ($ 15,1 94,421). 
The change in the District's total net position in comparison with the prior fiscal year was $352,643, an increase. The key components of the District's net position and change in net position are reflected in the table in the government-wide financial analysis section.
At September 30, 2017, the District's governmental funds reported combined ending fund balances of
$2,1 09,696, an increase of $282,548 in comparison with the prior fiscal year. A portion of fund balance is restricted fordebt service and capital projects, non-spendable for prepaid items, assigned for subsequent years expenditures and future maintenance and the remainder is unassigned fund balance which is available for spending at the District's discretion.
OVERVIEW OF FINANCIAL STATEMENTS
This discussion and analysis are intended to serve as the introduction to the District's basic financial statements. The District's basic financial statements arecomprised ofthree components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.
Government-Wide Financial Statements
The government-wide financial statements are designed to provide readers with a broad overview of the District's finances, in a manner similar to a private-sector business.
The statement of net position presents information on all the District's assets and liabilities, with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.
The statement of activities presents information showing how the government's net position changed du ring the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless ofthe timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods.
The government-wide financial statements include all governmental activities that are principally supported by assessments. The District does not have any business-type activities. The governmental activities of the District include the general government (management) and maintenance functions.
Fund Financial Statements
A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The District has one fund category, the governmental funds.

OVERVIEW OF FINANCIAL STATEMENTS (Continued)
Governmental Funds
Governmental funds are used to account for essentially the samefunctions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resou rces, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District's near-term financing requirements.
Because thefocus of governmental funds is narrower than that ofthe government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the District's near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balance provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.
The District maintains th ree governmental funds for external reporting. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund, debt service fund and capital projects fund, all ofwhich are considered major funds.
The District adopts an annual appropriated budget for its general fund. A budgetary comparison schedule has been provided for the general fund to demonstrate compliance with the budget.
Notes to the Financial Statements
The notes p rovide additional information that is essential to a full understanding of the data p rovided in the government-wide and fund financial statements.
GOVERNMENT-WIDE FINANCIAL ANALYSIS
As noted earlier, net position may serve over time as a useful indicator of an entity's financial position. In the case of the District, liabilities exceeded assets plus deferred outflows of resources at the close of the most recent fiscal year.
Key components of the District's net position are reflected in the following table:
NET POSITION SEPTEMBER 30,
 	2017	201 6	
Assets, excluding capital assets
Capital assets, not being depreciated	$	2, 167,990  $	29,752, 934
 	2,349,099	2,440,085	
Total assets	 	4,517,089	32, 193,019 	
Deferred outflows of resources	 	634,046	667,488	
Liabilities, excluding long-term liabilities	334,294	28,364,069	
Long-term liabilities	 	20,011,262	20,043,502	
Total liabilities	 	20,345,556	48,407,571 	
Net Position		
Net imestment in capital assets	(16, 627,644)	(16, 798,544)	
Restricted for debt ser.ice	864,735	625,758	
Unrestricted	 	568,488	625,722	
Total net position	$ (15, 194,421) $ (15, 547, 064)

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)
The District's net position reflects its investment in capital assets (e.g. land, land improvements, and infrastructure); less any related debt used to acquire those assets that is still outstanding. These assets are used to provide services to residents; consequently, these assets are not available for future spending. Although the District's investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.
The restricted portion ofthe District's net position represents resources thatare subject to external restrictions on how they may be used.
The District's net position increased during the most recent fiscal year. The majority ofthe increase represents the extent to which ongoing program revenues exceeded the cost of operations and depreciation expense.
Key elements of the change in net position are reflected in the following table:

,.

CHANGES  IN NET POSl17ON

Re1.enues:

FOR THE FISCAL YEAR ENDED SEPTEMBER 30,
2017

2016

$	$

Program re1.enues
Charges for sef\Aces	1, 837,888	2,581 ,520
Operating grants and contributions	5,874	6,012,344

Capital grants and contributions	2,318 General re1.enues
Miscellaneous	10,513	863
Interest income	 	2,325	12, 074 
Total re1.enues	 	1,858, 918	8,606,801 Expenses:
General go1.emment	109,670	126,825
Physical em.ironment	658,502	555,602

Bond issue costs	61,163
Interest	 	676,940	1,446,054 
Total expenses	 	1,506,275	2,128,481 
Change in net position	 	352,643	6,478,320 
Net position - beginning	 (15,547,064)	(22,025,384)
Net position - ending	$  (1 5,194,421) $ (15,547,064)
As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 201 7 was $ 1, 506,275. The costs of the District's activities were mainly funded by program revenues. P rogram revenues are comprised primarily ofspecial assessments. Expenses decreased from the prior year mainly as a result of a bond refunding in the prior year.
GENERAL BUDGETING HIGHLIGHTS
An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors.

CAPITAL ASSETS AND DEBT ADMINISTRATION
Capital Assets
At September 30, 201 7, the District had $2,914,506 invested in capital assets for its governmental activities. In the government-wide financial statements depreciation of $565,407 has been taken, which resulted in a net book value of $2,349, 099. More detailed information about the District's capital assets is presented in the notes of the financial statements.
Capital Debt
At September 30, 201 7, the District had $ 1 9,400,000 in Bonds outstanding for its governmental activities. More detailed information about the District's capital debt is presented in the notes ofthe financial statements.
ECONOMIC FACTORS AND NEXT YEAR'S BUDGET
For the subsequent fiscal year, the District anticipates that the cost of general operations will remain fairly constant. The District budgeted an increase of approximately $53,500 in physical environment appropriations in fiscal year 201 8.
CONTACTING THE DISTRICT'S FINANCIAL MANAGEMENT
This financial report is designed to provide property owners, customers, investors and creditorswith a general overview of the District's finances and to demonstrate the District's accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the Myrtle Creek Improvement District's Finance Departmentat 1 2051 Corporate Boulevard, Orlando, Florida 3281 7.

MYRTLE CREEK IMP ROVEMENT DISTRICT CITY OF ORLANDO, FLORIDA STATEMENT OF NET POSITION SEPTEMBER 30, 201 7

	Governmental
 	Activities		
ASSETS		
Cash	$	601, 026	
I nvestments	3, 775	
I nterest receivable	782	
Accounts receivable	346	
Prepaids and deposits	11 ,273	
Restricted assets:		
I nvestments	1, 550,788	
Capital assets:		
Depreciable, net	 	2,349,099	
Total assets	 	4,517,089	
DEFERRED OUTFLOWS OF RESOURCES		
Deferred charge on refunding (debit)	 	634,046
	
Total deferred outflows of resources	 	634,046	
LIABILlll ES		
Accounts payable	45, 1 89	
Due to other governments	13,1 05	
Accrued interest payable	276,000	
Non-current liabilities:		
Due within one year	670,000	
Due in more than one year	    19,341, 262	
Total liabilities	   20,345, 556	
NET POSlllON		
Net investment in capital assets	(16, 627,644)	
Restricted for debt service	864,735	
Unrestricted	 	568,488	
Total net position	$ (15,1 94,421 )

See notes to the financial statements

MYRTLE CREEK IMPROVEMENT DISTRICT CITY OF ORLANDO, FLORIDA STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017 

Net (Expense) Revenue and Changes in Net
 	Program Revenues	Position	

Charges for

Operating Grants and

Capital Grants and

Governmental

Functions/Programs Primary government:

 	E�enses	Services	Contributions	Contributions	Activities	

Governmental activities: General government Physical environment Bond issue costs
I nterest on long-term debt

1 09,670

$

$

658,502
61 ,1 63
676, 940

1 09,670

$

387, 1-90
1, 341 , 028

-

$

-
-
5, 874

-

$

2,3-1 8
-

(268, 994)
(61 , 163)
669, 962

Total governmental activities

 	1, 506,275	1, 837,888	5,874	2,318	339,805
General revenues:
Miscellaneous	10,513 	
I nterest income	 	2,325	
Total general revenues	 	12,838 	
Change in net position	352,643	

$

{15, 547, 064}
(15,1 94,4212

Net position - beginning Net position - ending

See notes to the financial statements

MYRTLE CREEK IMP ROVEMENT DISTRICT CITY OF ORLANDO, FLORIDA
BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 201 7

ASSETS
Cash

 	Major Funds		Total

Debt	Capital	Governmental
 	General	Service	Projects	Funds	

I nvestments	3, 775	1,125,261 	425,527	1, 554,563	
Accounts receivable	238		1 08	346	
Interest receivable		567	215 	782	
Due from other funds		14, 907		14,907	

$	601, 026	$

$

$

601 , 026

 	11 ,273	11 ,273
$	616,312	$ 1,140, 735	$	425, 850	$	2, 1 82, 897

Prepaids and deposits Total assets
LIABI LITI ES AND FUND BALANCES

Liabilities:
Accounts payable	$	1 9,812	$	$	25, 377	$	45, 1 89	
Due to other governments	1 3,1 05	1 3,1 05	
Due to other funds	 	14,907	14,907	
Total liabilities	 	47, 824	25,377	73,201 
	
Fund balances:
Nonspendable:
Prepaid items	11 ,273		11 ,273 Restricted for:		

Debt service	1, 140, 735	1, 140, 735

Capital projects	400,473	400,473
Assigned for:
Subsequent years expenditures	30, 000	30,000
Future maintenance	1 60,942	1 60, 942

Unassigned	 	366,273	366,273
Total fund balances	 	568,488	1,140, 735	400,473	2, 1 09,696

Total liabilities and fund balances	$	616,312	$ 1,140, 735	$	425, 850	$	2, 1 82, 897

See notes to the financial statements

MYRTLE CREEK IMPROVEMENT DISTRICT CITY OF ORLANDO, FLORIDA RECONCILIATION OF THE BALANCE SHEET ­
GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION SEPTEMBER 30, 201 7

Total fund balances - governmental funds	$	2, 1 09,696 Amounts reported for governmental activities in the statement of net
position are different because:

Cost of capital assets	2,914,506	
Accumulated depreciation	(565,407)	
Deferred charges on refunding of long-term debt are shown as deferred outflows/inflrn,vs of resources in the government-wide financial statements; however, this amount is expensed in the governmental fund financial statements.	

634, 046	
Liabilities not due and payable from current available resources are not reported as liabilities in the governmental fund statements. All liabilities, both current and long-term, are reported in the government-wide financial statements.
Accrued interest payable	

(276, 000)	
Bonds payable	(1 9,400, 000)	
Unamortized bond issuance premium	(61 1 ,262)
 		
Net position of governmental activities	�$ =d...(1 5�, 1 ==S94,=42 1=6) 	

Capital assets used in governmental activities are not financial resources and, therefore, are not reported as assets in the governmental funds. The statement of net position includes those capital assets in the net position of the government as a whole.

See notes to the financial statements

MYRTLE CREEK IMPROVEMENT DISTRICT CITY OF ORLANDO, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SE PTEMBER 30, 201 7

REVENUES

 	Major Funds		Total
Debt		Capital	Governmental General	Service	Projects		Funds

Assessments	$	496, 860	$  1, 341 , 028	$	$  1, 837, 888

Miscellaneous	1 0,513	938	11 .451
I nterest income	 	2,325	5,874	1, 380	9,579
Total revenues	 	509,698	1. 346,902	2,318	1,858,918 
EXPENDlllJRES

Current:
General government	1 09,670	1 09,670	
Physical environment
Debt service:	464,202	464,202	
Principal	410,000		410,000	
I nterest	428, 021		428, 021	
Bond issue costs		61 , 1 63	61 ,1 63	

Capital  outlay	 	1 03,314	1 03,314
Total expenditures	 	573,872	838,021	164.477	1, 576,370

Excess (deficiency) of revenues
over (under)  expenditures	(64, 1 74)	508, 881	(162, 1 59)	282, 548

011-IER FI NANCING SOURCES (USES)

I nterfund transfers	 	6,940	6,096	(13, 036)	
Total other financing sources (uses)	 	6, 940	6,096	(13, 036)	
Net  change  in fund balances	(57, 234)	514, 977	(175, 1 95)	282,548

Fund  balances - beginning	 	625, 722	625,758	575,668	1, 827, 148

Fund  balances - ending	$	568.488	$ 1, 140,735	$	400. 473	$ 2,1 09, 696

MYRTLE CREEK IMPROVEMENT DISTRICT CITY OF ORLANDO, FLORIDA
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SE PTEMBER 30, 2017 

are different because:		
Governmental funds report capital outlays as expenditures; however, in the statement of activities, the cost of those assets is eliminated and is capitalized in the statement of net position as capital assets.	
1 03,314	
Depreciation of capital assets is not recognized in the governmental fund statements but is reported as an expense in the statement of activities.	

(1 94,300)	
Repayment of long-term liabilities are reported as expenditures in the governmental fund statement but such repayments reduce liabilities in the statement of net position and are eliminated in the statement of activities.	

41 0,000	
Amortization of the deferred charge on refunding is not recognized in the governmental fund financial statements, but is reported as an expense in the statement of activities.	

(33, 442)	
Amortization of Bond premium is not recognized in the governmental fund financial statements, but is reported as an expense in the statement of activities.	

32,240	
The change in accrued interest on long-term liabilities between the current and prior fiscal year is recorded in the statement of activities but not in the fund financial statements.	
 	(247, 71 7)	
Change in net position of governmental activities	$	352,643

Net change in fund balances - total governmental funds	$	282, 548 Amounts reported for governmental activities in the statement of activities

MYRTLE CREEK IMPROVEMENT DISTRICT CITY OF ORLANDO, FLORIDA
NOTES TO FINANCIAL STATEMENTS

NOTE 1 - NATURE OF ORGANIZATION AND REPORTING ENTITY
Myrtle Creek Improvement District ("District") was established in 2001 by the City of Orlando City Commissioners pursuant to the Uniform Community Development District Act of 1 980, otherwise known as Chapter 1 90, Florida Statutes, under City of Orlando Ordinance 01 1 126705. The Act provides among other things, the power to manage basic services for Improvement, powerto borrow money and issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.
The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation ofa portion ofthe infrastructure necessary for community development within the District.
The District is governed by the Board of Supervisors (''Board"), which is composed of five members. The Supervisors are elected by the owners of the property within the District. The Board exercises all powers g ranted to the District pursuant to Chapter 1 90, Florida Statutes. At September 30, 201 7 one of the Board members is affiliated with Lake Nona Land Company, L.L.C. (" Developer'').
The Board has the final responsibility for:
Assessing and levying assessments.
Approving budgets.
Exercising control over facilities and properties.
Controlling the use of funds generated by the District.
Approving the hiring and firing of key personnel.
Financing improvements.
The financial statements were prepared in accordance with Governmental Accounting Standards Board ("GASB") Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations forwhich the District is considered to be financially accountable and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements.
The government-wide financial statements (i.e. , the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.
The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program reven ues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment. Operating-type special assessments for maintenance and debt service are treated as charges for services and 2) g rants and contributions that are restricted to meeting the operational or capital req uirements of a particular function or segment. Other items not included among p rogram revenues are reported instead as general revenues.

NOTE 2 - SUMMARY OF SIGNIFI CANT ACCOUNTING POLICIES (Continued)

Measurement Focus, Basis of Accounting and Financial Statement Presentation
 	
The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis ofaccounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless ofthe timing of related cash flows. Assessments are recognized as revenues in the year for which they are levied. G rants and similar items are to be recognized as revenue as soon as all eligibility req uirements imposed by the provider have been met.

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis ofaccounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting; however, debt service expenditures are recorded only when payment is due.
Assessments
Assessments are non-ad valorem assessments on all assessable property within the District. Assessments are levied to pay for the operations and maintenance and debt service of the District. The fiscal yearforwhich annual assessments are levied begins on October 1 and, if collected using the Uniform Method of Collection, with discounts available for payments through February 28 and become delinquent on April 1. Alternatively, the District adopts a resolution providing for the collection dates and directly collects the assessments.
Assessments and interest associated with the current fiscal period are considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. The portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period.

The District reports the following major governmental funds:
General Fund
 	
The general fund is the general operating fund ofthe District. It is used to account for all financial resources except those required to be accounted for in another fund.
Debt Service Fund
The debt service fund is used to account for the accumulation of resources for the annual payment of principal and interest on long-term debt.
Capital Projects Fund

This fund accounts for the financial resources to be used for the acquisition or construction of major infrastructure within the District.
As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements.
When both restricted and unrestricted resources are available for use, it is the District's policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity

Restricted Assets

These assets represent cash and investments set aside pursuant to Bond covenants or other contractual restrictions.

Deposits and Investments
The District's cash on hand and demand deposits are considered to be cash and cash equivalents.
The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section 21 8.41 5
(17) Florida Statutes. The District may invest any surplus public funds in the following:
The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida l nterlocal Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories; Direct obligations of the U.S. Treasury.
Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due. In addition, surplus funds may be deposited into certificates of deposit which are insured and any unspent Bond proceeds are required to be held in investments as specified in the Bond Indenture.
The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles.
P repaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.
Capital Assets
Capital assets which include p roperty, plant and equipment, and infrastructu re assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at estimated fair market value at the date of donation.
The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.

Property, plant and equipment ofthe District are depreciated using the straight-line method overthe following estimated useful lives:

Assets Infrastructu re

Years 15 - 30

In the governmental fund financial statements, amounts incurred for the acquisition of capital assets are reported as fund expenditures. Depreciation expense is not reported in the governmental fund financial statements.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)

Unearned Revenue
Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned.
Refundings of Debt
Forcurrent refundings and advance refundings resulting in the defeasance of debt, the difference between the reacquisition price and the net carrying amount ofthe old debt is reported as a deferred outflow of resou rces and recognized ratably as a component of interest expense over the remaining life of the old debt or the life of the new debt, whichever is shorter. In connection with the refunding, $33,442 was recognized as a component of interest expense in the current fiscal year.
Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized ratably over the life of the Bonds. Bonds payable are reported net of applicable premiums or discounts. Bond issuance costs are expensed when incurred.
In the fund financial statements, governmental fund types recognize p remiums and discounts, as well as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. P remiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as otherfinancing uses. Issuance costs, whether or notwithheld from the actual debt proceeds received, are reported as debt service expenditures.
Deferred Outflows/Inflows of Resources
Deferred outflows of resources represent a consumption of net position that applies to future reporting period(s). For example, the District would record deferred outflows of resou rces on the statement of net position related to debit amounts resulting from current and advance refundings resulting in the defeasance of debt (i.e. when there are differences between the reacquisition price and the net carrying amount of the old debt).
Deferred inflows of resources represent an acquisition of net position that applies to future reporting period(s). For example, when an asset is recorded in the governmental fund financial statements, but the revenue is unavailable, the District reports a deferred inflow of resources on the balance sheet until such times as the revenue becomes available.
Fund Equity/Net Position
In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change.
The District can establish limitations on the use of fund balance as follows:
Committed fund balance - Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resou rces accumulated pursuant to stabilization arrangements sometimes are reported in this category.
Assigned fund balance - Includes spendable fund balance amounts that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year's appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.

NOTE 2 - SUMMARY OF SIGNIFI CANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)

Fund Equity/Net Position (Continued)
The District first uses committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used.
Net position is the difference between assets and deferred outflows of resources less liabilities and deferred inflows of resources. Net position in the government-wide financial statements are categorized as net investment in capital assets, restricted or unrestricted. Net investment in capital assets represents net position related to infrastructure and property, plant and equipment. Restricted net position represents the assets restricted by the District's Bond covenants or other contractual restrictions. Unrestricted net position consists of the net position not meeting the definition of either of the other two components.
Other Disclosures

Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates.
NOTE 3- BUDGETARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget. Annual Budgets are adopted on a basis consistent with generally accepted accounting principles for the general fund. All annual appropriations lapse at fiscal year-end.
The District follows these procedures in establishing the budgetary data reflected in the financial statements.
Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1. 
Public hearings are conducted to obtain public comments.
Prior to October 1, the budget is legally adopted by the District Board.
All budget changes must be approved by the District Board.
The budgets are adopted on a basis consistent with generally accepted accounting principles.
Unused appropriation for annually budgeted funds lapse at the end of the year.
NOTE 4 - DEPOSITS AND INVESTMENTS

Deposits
The District's cash balances, were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, "Florida Security for Public Deposits Act", requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate bonds) to public deposits is dependent upon the depository's financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses.

NOTE 4 - DEPOSITS AND INVESTMENTS
Investments
The District's investments were held as follows at September 30, 201 7:

First American Go-.ernment Obligation Fund Class Y
ln-.estment in Local Go-.ernment Surplus Funds Trust Fund (Florida PRIME)
Total ln-.estments

  Amortized Cost	Credit Risk	Maturities	
Weighted average of the
$	1, 550,788	S&P  AAAm	portfolio: 23 days
Weighted average of the
-----'-3'-'-, 7-'--'75_	S&P  AAAm	portfolio:  51  days

$	1,554,563

Credit risk - For investments, credit risk is generally the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Investment ratings by investmenttypeare included in the preceding summary of investments.
Concentration risk - The District places no limit on the amount the District may invest in any one issuer.
Interest rate risk - The District does not have a formal policy that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates.
However, the Bond Indenture limits the type of investments held using unspent proceeds.
Fair Value Measurement- When applicable, the District measures and records its investments using fair value measurement guidelines established in accordance with GASS Statements. The framework formeasuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques.
These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:
Level 1: I nvestments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.
The fair value measurement level within the fair value hierarchy is based on the lowest level ofany input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.
Money market investments that have a maturity at the time of purchase of one year or less and are held by governments other than external investment pools should be measured at amortized cost. For external investment pools that qualify to be measured at amortized cost, the pool's participants should also measure their investments in that external investment pool at amortized cost for financial reporting purposes. Accordingly, the District's investments have been reported at amortized cost above.
NOTE 5 - I NTERFUND RECEIVABLES, PAYABLES AND TRANSFERS
lnterfund receivables and payables at September 30, 2017 were as follows:

General fund Debt service fund

      Receivable	Payable	

$	$	14,907
 	14,907	
$	14,907   $	14, 907

The outstanding balances between funds result primarilyfrom the time lag between the dates that transactions are recorded in the accounting system and payments between funds are made. In the case of the District, the balances between the general fund and the debt service fund relate to fiscal year 201 6 assessments collected in the general fund that have not yet been transferred to the debt service fund.

NOTE 5- INTERFUND RECEIVABLES, PAYABLES AND TRANSFERS (Continued)
lnterfund transfers for the fiscal year ended September 30, 2017 were as follows:

$

6,940 $
1 3,036

6,940

 	13,036
$

1 9,976

$

19,976

Transfer In	Transfer Out
General fund Debt service fund
Capital project fund

Transfers are used to move revenues from the fund where collection occurs to the fund where funds have been reallocated for use. In the case of the District, transfers from the debt service fund to the general fund were for excess escrow funds and were made in accordance with the escrow agreement and transfers from the capital p rojects fund to the debt service fund were for excess cost of issuance funds and were made in accordance with the bond indenture.
NOTE 6 - CAPITAL ASSETS

Capital asset activity for the fiscal year ended September 30, 2017 was as follows:

Go1.ernmental activities
Capital assets, being depreciated	Beginning	Ending
 	Balance	Additions	Reductions	Balance		
Infrastructure	  $	2,811, 192   $	1 03,314    $	$	2, 914,506	
Total capital assets, being depreciated	 	2,811, 192	103,314	2,914,506	
Less: accumulated depreciation for: Infrastructure	
 	371 ,107	1 94,300	565,407	
Total accumulated depreciation	371 ,1 07	1 94, 300	565,407	
Total capital assets, being depreciated, net	2,440,085	(90, 986)	2,349,099	
Go\.€rnmental activities capital assets	$     2,440,085	$	(90, 986)     $	$ 2, 349,099	
In fiscal year 2006, the total estimated costs ofthe 2006 project were approximately $33,500,000 and the only items to be maintained and operated by the District were some of the stormwater infrastructure and the common areas. At the time of the Series 201 6A refunding the total projected cost of all infrastructure improvements for the District had spent $31 .4 million to date on the 2006 project and the District completed the access roadway to the Water Mark Apartments in 201 3 as the final major infrastructure project of the 2006 project. Also at the time of the issuance ofthe Series 201 6A bonds the District Engineer itwas noted that the District Engineer certified that the 2006 P roject Construction has been completed in substantial compliance with the specifications; provided, however, the district had notyet acquired several stormwaterdrainage ponds in connection with the Interchange. At the time of the Series 201 6A refunding approximately $500,000 that was in the 2006A Deferred Cost Subaccount and 2006A Acquisition and Construction accountwas transferred to the Series 201 6A Acquisition and Construction Account for the purchase of these ponds which has not been completed as of September 30, 201 7.

NOTE 7 - LONG-TERM LIABILITIES

On September 9, 2016, the District issued $1 9,81 0,000 of Special Assessment Revenue Refunding Bonds, Series 201 6A consisting of $3,255,000 Serial Bonds Series 201 6A due on May 1 in the years 2017 to 2021 with a fixed interest rate of 4.00%, Series 201 6A consisting of $5, 1 95,000 Term Bonds Series 201 6A due on May 1, 2027 with a fixed interest rate of 4. 00% and $1 1, 360, 000 Term Bonds Series 201 6A due in May 1, 2037 with a fixed interest rate of 3.00%. The Bonds were issued to refund the Series 2006 Bonds outstanding at the time of issuance of the Series 201 6A Bonds. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing May 1, 2017 through May 1, 2037.
The Series 201 6A Bonds are subject to redemption at the option of the District prior to their maturity. The Bonds are subject to mandatory and extraordinary mandatory redemption priorto their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.
The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2017.
Changes in long-term liability activity for the fiscal year ended September 30, 201 7 were as follows:

G01.ernmental acti�ties Series 2016 Bonds
Add: issuance premium Total

Beginning	Ending	Due Within
 	Balance	Additions	Reductions	Balance	One Year	

$ 19,810,000 $

$	(410, 000) $ 19,400,000 $	670,000

 	643,502	(32, 240)	611,262	
$   20,453,502  $	$	(442, 240) $  20,01 1,262 $	670,000

At September 30, 2017, the scheduled debt service requirements on the long-term debt were as follows:

Year ending

 	Go-.ernmental Acti�ties	

     September 30:	Principal	Interest	Total	

2018 

$	670,000  $	662,400 $

1,332,400

2019 	695,000	635,600	1, 330,600	
2020	725,000	607,800	1,332,800	
2021	755,000	578,800	1,333,800	
2022	785,000	548,600	1, 333,600	
2023-2027	4,410,000	2,247,200	6,657,200	
2028-2032	5,255,000	1, 398,000	6,653,000	
2033-2037	 	6, 105,000	560,250	6,665,250

$	19,400,000 $	7,238,650 $
NOTE 8 - DEVELOPER TRANSACTIONS AND CONCENTRATION 

26,638,650

A significant portion of the District's activity is dependent upon continued involvement of the Developer, the loss of which could have a material adverse effect on the District's operations. At September 30, 2017 The Developer owned a significant amount of the assessable property located within the District's boundaries.
In July 2016, the District entered into an agreementwith the Developer relating to the Wellspring Drive project. The Developer agreed to fund and commence the project while the District seeks funding from the sale of special assessment revenue bonds. The Developer agrees to convey any improvements and any related property related to the project.

NOTE 9 - INTERLOCAL AGREEMENTS

The District previously entered into an interlocal agreement related to cost sharing for certain infrastructure projects with G reeneway Improvement District ("Greeneway") and Boggy Creek Improvement District ("Boggy Creek"). These districts are related through a common Developer. The agreement provides for the improvements to be constructed, acquired or otherwise provided by Boggy Creek and that Boggy Creek will be reimbursed for these costs from Greeneway and the District. The projected costs related to the agreement were projected at approximately $33,800, 000 with the costs to be split 32.5% for Boggy Creek, 36% for G reeneway, and 31 .5% forthe District. Boggy Creek, G reeneway and the District also previously entered into an agreement regarding interchange maintenance costs based on the same cost allocation.
The District also previously entered into a cost sharing agreement with Boggy Creek regarding maintenance costs associated with Lake Nona Gateway Road. The District agreed to share the maintenance cost based on allocation of 50. 1 % for the District and 49. 9% for Boggy Creek.
NOTE 10 - MANAGEMENT COMPANY

The District has contracted with a management company to perform management advisory services, which include financial and accounting advisory services. Certain employees of the management company also serve as officers (Board appointed non-voting positions) of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, and other administrative costs.
NOTE 11 - RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. There were no settled claims during the past three years.

MYRTLE CREEK IMPROVEMENT DISTRICT CITY OF ORLANDO, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL - GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 201 7

Budgeted
 	Amounts	

Actual

Variance with Final Budget ­ Positive

	  Original & Final	Amounts	(Negative)		
REVENUES		
Assessments	$	492, 716	$	496,860	$	4, 1 44	
Miscellaneous	1 0,513	1 0,513 	
I nterest income	 	1, 000	2,325	1 , 325	
Total revenues	 	493,716	509,698	1 5,982	

EXPENDITURES
Current:
General government	112,275	1 09, 670	2,605	
Physical environment	 	612,214	464,202	148,012 	
Total expenditures	 	724,489	573,872	1 50,617	

Excess (deficiency) of revenues over (under) expenditures

OTHER FI NANCI NG SOURCES

(230,773)

(64, 1 74)

1 66,599 

l nterfund transfers	 	6, 940	6, 940

Net change in fund balances Fund balance - beginning

$	(230,773)	(57, 234) =$ ==1 ====73, 5=39=
 	625,722

Fund balance - ending	$	568,488

See notes to required supplementary information

MYRTLE CREEK IMPROVEMENT DISTRICT CITY OF ORLANDO, FLORIDA
NOTES  TO  REQUIRED SUPPLEMENTA RY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budgetforthe General Fund. The District's budgeting process is based on estimates of cash receipts and cash expenditures which are approved by the Board. The budget approximates a basis consistent with accounting principles generally accepted in the United States of America (generally accepted accounting principles).
The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the agg regate budgeted appropriations must be approved by the Board of Supervisors.

INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING S TANDARDS

To the Board of Supervisors Myrtle Creek Improvement District City of Orlando, Florida
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General ofthe United States, the financial statements of the governmental activities and each major fund of Myrtle Creek Improvement District, City of Orlando, Florida (" District") as of and for the fiscal year ended September 30, 2017, and the related notes to the financial statements, which collectively comprise the District's basic financial statements, and have issued our opinion thereon dated xxxxxxxx, 2 0xx.
Internal Control Over Financial Reporting
In planning and performing our audit ofthe financial statements, we considered the District's internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances forthe purpose ofexpressing our opinions on the financial statements, but notforthe purpose of expressing an opinion on the effectiveness ofthe District's internal control. Accordingly, we do not express an opinion on the effectiveness of the District's internal control.
A deficiency in internal control existswhen the design or operation ofa control does not allow management or employees, in the normal course of performing their assigned functions, to p revent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District's financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, p roviding an opinion on compliance with those provisions was not an objective ofour audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity's internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

xxxxxxxx, 20xx

INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 21 8.41 5, FLORI DA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA
To the Board of SupeNisors Myrtle Creek Improvement District City of Orlando, Florida
We have examined Myrtle Creek Improvement District, City of Orlando, Florida's ("District") compliance with the req uirements of Section 21 8.415, Florida Statutes, in accordance with Rule 1 0.556(1 0) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2017. Management is responsible for District's compliance with those requirements. Our responsibility is to express an opinion on District's compliance based on our examination.
Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require thatwe plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 21 8.41 5, Florida Statutes. An examination involves performing procedures to obtain evidenceaboutwhetherthe District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District's compliance with specified requirements.
In our opinion, the District complied, in all material respects, with the aforementioned requ irements for the fiscal year ended September 30, 201 7.
This report is intended solely for the information and use ofthe Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of SupeNisors of Myrtle Creek Improvement District, City of Orlando, Florida and is not intended to be and should not be used by anyone other than these specified parties.

xxxxxxxx, 20xx

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA
To the Board of Supervisors Myrtle Creek Improvement District City of Orlando, Florida
Report on the Financial Statements
We have audited the accompanying basic financial statements of Myrtle Creek Improvement District, City of Orlando, Florida ("District") as of and for the fiscal year ended September 30, 2017, and have issued our report thereon dated xxxxxxxx, 20xx.
Auditor's Responsibility
We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the Florida Auditor General.
Other Reporting Requirements
We have issued our Independent Auditor's Report on I nternal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit ofthe Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Auditor's Report on an examination conducted in accordance with A/CPA Professional Standards, AT-C Section 31 5, regarding compliance requirements in accordance with Chapter 10.550, Rulesofthe Auditor General. Disclosures in those reports, which are dated xxxxxxxxx, 201 8, should be considered in conjunction with this management letter.
Purpose of this Letter
The purpose of this letter is to comment on those matters required by Chapter 10.550 of the Rules of the Auditor General forthe State of Florida. Accordingly, in connection with our audit ofthe financial statements of the District, as described in the first paragraph, we report the following:
Current year findings and recommendations.
Status of prior year find ings and recommendations.
Ill. Compliance with the Provisions of the Auditor General of the State of Florida.
Our management letter is intended solely for the information and use ofthe Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other g ranting agencies, as applicable, management, and the Board of Supervisors of Myrtle Creek Improvement District, City of Orlando, Florida and is not intended to be and should not be used by anyone other than these specified parties.
We wish to thank Myrtle Creek Improvement District, City of Orlando, Florida and the personnel associated with it, for the opportun ity to be of service to them in this endeavor as well as future engagements, and the courtesies extended to us.

xxxxxxxx, 20xx

REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS
None
PRIOR YEAR FINDINGS AND RECOMMENDATIONS
None
Ill. COMPLIANCE WITH THE P ROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA
Unless otherwise required to be reported in the auditor's report on compliance and internal controls, the management letter shall include, but not be limited to the following:

A statement as to whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report.

There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2016. 
Any recommendations to improve the local governmental entity's financial management.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 2017.
Noncompliance with p rovisions of contracts or g rant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 201 7.

The name or official title and legal authority ofthe District are disclosed in the notes to the financial statements.
The financial report filed with the Florida Department of Financial Services pursuant to Section 21 8 .32(1 )(a), Florida Statutes agrees with the September 30, 201 7 financial audit report.
The District has not met one or more of the financial emergency conditions described in Section 21 8.503(1 ), Florida Statutes.
We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 201 7. It is management's responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

MYRTLE CREEK IMPROVEMENT DISTRICT

Financial Advisory Agreement

FISHKI ND 

C O N O M I 

& ASSOCIATES

O N S U l l A N T S

FINANCIAL ADVISORY AGREEMENT
1 .0	Registration as a Municipal Advisor
Fishkind & Associates, Inc. ("FA" or "Advisor") is a registered Municipal Advisor pursuant to Section 1 5B of the Securities Exchange Act and rules and regulations adopted by the United States Securities and Exchange Commission ("SEC") and the Municipal Securities Rulemaking Board ("MSRB") License Number K1 055. As such, FA is bound by the SEC's Municipal Advisor Rule that imposes a: (a) registration regime upon municipal advisors, i.e. , firms that give advice to municipal entities, such as community development districts, and (b) fiduciary duty upon municipal advisors that give advice to municipal entities.
FA also must comply with the requi rements of the Dodd-Frank Wall Street Reform and Consumer Protection Act. As part of our registration FA is required to disclose to the SEC information regarding criminal actions, regulatory actions, investigations, terminations, judgments, liens, civil judicial actions, customer complaints, arbitrations and civil litigation involving FA. Pu rsuant to MSRB Rule G-42, FA is requi red to disclose any legal or disciplinary event that is mate rial to the District's evaluation of FA or the integrity of its management or advisory personnel. FA has determined that no such event exists. Copies of FA's filings with the SEC can currently be found by accessing the SEC's Electronic Data Gathering, Analysis, and Retrieval (" EDGAR") system Company Search Page which is currently available at https://www.sec.gov/edgar/searchedgar/companysearch. html . 
In addition, G-42 requi res FA to disclose in writing all material conflicts of interest. FA is not aware of any conflicts of interest related to this engagement.
Scope of Work
Municipal Advisor Role
The Municipal Advisor is engaged as a recognized independent expert whose primary responsibility is to give objective fiscal advice on the structu re and issuance of any debt under state and federal securities law.

Specific Advisory Services
We will provide the following services.
Formulation of the District's assessment methodology or similar security for the debt including consultation with the District's underwriter, bond counsel, district counsel, and consulting engineer.
Assistance to the District and its underwriter in developing the financing plan for the District's funding of its infrastructure.
Recommendations as to the appropriate financial structures for the proposed financings, as requested .
Advice on terms and featu res of bonds, the timing of marketing of bond issues and the analysis of market conditions as they relate to bond sales.
Assistan ce with the District's underwriter in the review and preparation of cash flow forecasts for proposed issues addressing debt service requi rements and sources of funding.
Assistance, as requested, in the preparation of financing sched ules, bond documents, inter local agreements and official statements.
Assistance in negotiations with the underwriter regarding the underwriter's g ross spread (bond discount).
Assistance, with the District's underwriter, regarding any interim financing, if necessary or desirable.
Advice to the District, if requested, on the selection of a trustee, paying agent and other financial intermediaries.
. Assistance in the proceedings for the validation of the District's bonds, the preparation of materials in support of validation, and determination of the validation amount as requested.
Assistance to the District with regard to the sale of its bonds by the underwriter, including an analysis of the proposed interest rate and other factors affecting the sale.
Assistance with the District's bond closing, including the printing, signing and delivery of the District's bonds and the transfers of moneys to the District by the underwriter.
Calculation of the preliminary and final assessment rolls or their equivalent.
Assistance to the District in investing the proceeds of any debt offering as requested.

Attendance at all necessary meetings as determined by the District Manager.
3.0	Compensation
1		General Considerations and Avoidance of Conflicts of Interest There a re several potential conflicts of interest that may apply to our
engagement with you concerning compensation. For example, fixed fees or
"lump sum" compensation represents a potential conflict of interest, because if the transaction requi res more work than originally contemplated, the
financial advisor may suffer a loss. Thus, the advisor may recommend less time-consuming alternatives, or fail to do a full analysis of alternatives. Fees based upon the par amount of debt presents a conflict of interest, because the advisor may have an incentive to advise the client to increase the size of the securities issue for the purpose of increasing the advisor's compensation. Contingent fees create a potential conflict of interest because the advisor may have an incentive to recommend unnecessary financings or financings that
are disadvantageous to the client. When facts or circumstances arise that could cause the fi nancing to be delayed or fail to close, an advisor may have an incentive to discourage a fu ll consideration of such facts and circumstances.
3.2	Fee Proposal and Budget
FA's plan to mitigate conflicts of interest regarding compensation is to charge for our services on a time and expense basis at our standard rate of $450 per hour. Reasonable out-of-pocket expenses incurred by the Advisor in the performance of his duties shall be billed and paid on a p ro rata monthly basis in accordance with Section 11 2 .061 , Florida Statutes.
We propose a not-to-exceed budget of $1 ,000 for this engagement based on our estimate for the cost of the work involved in rendering financial advisory services on a routine basis. We will bill hourly against this budget.
Should the work expand beyond the budget, we will notify you promptly with documentation supporting a proposed budget increase. Such expansions would include: (a) developing assessment methodologies, (b) crafting
financing strategies, and (c) managing the issuance of any debt obligations. In such circumstances, we expect that the Advisor's fee and expenses will be paid from the p roceeds of the District's debt issuance. Therefore, the payment of our fees and expenses for any expansion of our routine financial advisory services will be deferred until the later of the time when: (a) the District closes on a debt issuance or (b) the District defers or abandons its issuance of debt. H owever, our fees are not contingent upon the District's issuance of debt.

General Provisions
Advisor Not to Participate as Underwriter
The Advisor is precluded from being an underwriter of any debt obligations issued by the District and shall not participate, in any manner, in the initial syndication for the issuance of any of the District's debt obligations. However, the Advisor my act as a placement agent for debt obligations.
Termination of Relationship
The District has the right to terminate this Agreement for "good cause" which shall  include  misfeasance,  malfeasance,  nonfeasance or dereliction of duties by the Advisor. Termination for "good cause" shall be effected by provision of a minimum of ten (1 0) days written notice to Advisor. Either party hereto shall have the right to terminate the relationship between the District and the Advisor, at any time  and for  any reason  whatsoever,  upon  the  District p roviding a minimum of thirty (30) days advance written notice to the Advisor and the Advisor providing a minimum of sixty (60) days advance written notice of intention to terminate. All notices shall be mailed to the person and address specified for use in the giving of notice, in paragraph 4.1 0, hereof. Should the relationship be terminated, all work p rod u ct prod uced by the Advisor, to the date of termination, shall be the sole p roperty of the District. The Advisor's fee shall be p rorated according to the amount of work completed as determined by the District. Finally, the Advisor shall be entitled to all expenses not reimbursed as of the notice of termination.

4.4	Disclaimer of Advisor
The District acknowledges that the Advisor is not an attorney and may not render legal advice or opinions. Although the Advisor may participate in accumulating information necessary for documents requi red by the District to finalize any particular financing, such information shall be verified by the District as to its correctness; p rovided , however, that the District shall not be required to verify the correctness of any information originated by the Advisor or the correctness of any information originated by the Advisor which the Advisor has used to formulate its opinions and advice given to the District.
Attorney Fees and Governing Law
In the event either party is requi red to take any action to enforce this Agreement, the prevailing party shall be entitled to attorney's fees and costs, including fees and costs incurred in determining entitlement to and reasonableness of such fees and costs. This Agreement shall be interpreted in accordance with and shall be governed by the laws of the State of Florida. 

1 205 1 Corporate Blvd., Orlando, Florida 3281 7 (407) 382-3256 FAX (407) 382-3254 Email homeoffice@fishkind.com

Indemnification
The Advisor agrees to indemnify, defend, and hold the District harmless from and against any and all claims, actions, suits, demands, assessments or judgments asserted and any and all losses, liabilities, damages, costs, court costs, and expenses, including attorney's fees , that the District may hereafter incur, become responsible for, or be caused to pay out arising out of or relating to the negligent, reckless and/or intentionally wrongful acts or omissions of the Advisor. The indemnification p rovided for herein shall not be deemed exclusive of any other rights to which the District may be entitled and shall continue after the Advisor has ceased to be engaged under this Agreement.
N othing herein shall be construed to limit the District's sovereign immunity limitations of liability provided in section 768.28, Florida Statutes or other applicable law.
Insu rance
The Advisor shall provide and maintain the following levels of insurance coverage at all times subsequent to the execution of this Agreement:
Worker's Compensation insurance to cover full liability under worker's compensation laws in effect from time to time in Florida. 
General Liability  insurance   with   limit   of   one   million   dollars ($ 1 , 000, 000.00) per each occurrence. 
P rofessional Liability insurance with limit of one  million dollars ($ 1 ,000,000. 00) per each occurrence.
Employment Practices Liability insurance with limit of two million dollars ($2 ,000,000.00) per each occurrence. 
Commercial Crime insurance with limit of two million dollars ($2, 000, 000. 00) per each occurrence.
Comprehensive Automobile Liability insurance for all vehicles used by the  Consultant's  staff,  whether  owned  or hi red ,  with  a  combined single limit of one million dollars ($ 1 , 000,000.00).
The District (and its staff, consultants, and supervisors as applicable) will be listed as additional insureds on the General Liability and Automobile
insurance policies described above.  The District (and its staff, consultants, and supervisors as applicable) will be listed as a joint loss payee on the Commercial Crime insurance. None of the policies above may be canceled during the term of this Agreement (or otherwise cause the District to not be named as an additional insured or joint loss payee where applicable) without sixty (60) days written notice to the District. Advisor will furnish the District with a Certificate of Insurance evidencing compliance with this section prior to Agreement commencement and upon request.

7	Time of the Essence
The District and the Advisor agree that time is of the essence and that the services of the Advisor shall be performed expeditiously.
Term of This Agreement
This Agreement shall renew automatically until terminated by either the District or the Advisor.
Entire Agreement
This Agreement constitutes the entirety of the terms and conditions of the agreement between the parties for District Management services. Any amendment or change to this Agreement shall be in writing and executed by all parties to the Agreement.
10	Notices

All notices, requests, or authorizations which may from time to time be requi red or expedient shall be in writing and shall be delivered or mailed as follows:

District:

With a copy to :

Advisor:

4. 11	Authority to Execute

Myrtle Creek ID 
1 2051 Corporate Blvd.
Orlando, FL 32817 
Hopping G reen & Sams Tucker Mackie
119 South Monroe Street, Suite 300
Tallahassee, FL 32301
Fishkind & Associates, Inc. Dr. Hank Fishkind
1 2051 Corporate Blvd .
Orlando, Florida 32817 han kf@fishkind .com

Each of the parties hereto covenant to the other that it has the lawful authority to enter into this relationship, that the governing or managing body of each party has approved this relationship and has similarly authorized the execution of this Agreement.

4. 12	Public Records Disclosu re
Advisor understands and agrees that all documents of any kind provided to the District in connection with this Agreement may be public records, and, accordingly, Advisor agrees to comply with all applicable p rovisions of Florida law in handling such records, including but not limited to Section 11 9 . 0701 , Florida Statutes. Consultant acknowledges that the designated public records custodian for the District is Fishkind & Associates, Inc. (" Public Records Custodian"). Among other requirements and to the extent applicable by law, the Advisor shall 1) keep and maintain public records requi red by the District to perform the service; 2) upon request by the Public Records Custodian, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does n ot exceed the cost provided in Chapter 11 9, Florida Statutes; 4) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements , are not disclosed except as authorized by law for the du ration of the Agreement term and following the Agreement term if the Advisor does not transfer the records to the Public Records Custodian of the District; and 4) upon completion of the Agreement, transfer to the District, at no cost, all public records in Advisor's possession or, alternatively, keep, maintain and meet all applicable requi rements for retaining public records pursuant to Florida laws. When such public records are transferred by the Advisor, the Advisor shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats.
IF THE FA HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 11 9, FLORIDA STATUTES, TO THE FA'S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS, FISHKIND & ASSOCIATES, INC., AT 407-382-3256, 1 2051 CORPORATE BLVD., ORLANDO, FLORIDA 32817.

In witness whereof, the parties hereto have executed this Agreement, in duplicate, this 	day of 	, 201 8 .

Board of Supervisors
Myrtle Creek Improvement District

Sign 	
Print Name -----------------

Fishkind & Associates, Inc.

Hank Fishkind, Ph. D., P resident

1 2051 Corporate Blvd., Orlando, Florida 32817 (407) 382-3256 FAX (407) 382-3254 Email homeoffice@fishkind.com

MYRTLE CREEK IMPROVEMENT DISTRICT

Requisition No. 490 - 500 Approved in April 2018 in an amount totaling $69, 484.11

MYRTLE CREEK IMPROVEMENT DISTRICT
DISTRICT OFFICE • 1 2051 CORPORATE BLVD • ORLANDO, FL 32817 PHONE: (407) 382-3256 • FAX: (407) 382-3254

Requisition Recap For Board Approval
Attached please find the listing of requisitions approved to be paid from bond funds from April 1, 2018 through April 30, 2018. This does not include requisitions previously approved by the Board.

REQUISITION NO.
490
491
492
493
494
495
496
497
498
499
500

PAYEE
Hopping Green & Sams Orlando Sentinel
Donald W. McIntosh Associates Donald W. McIntosh Associates Central Florida Locating Hopping Green & Sams
Devo Seereeram
Donald W. McIntosh Associates Myrtle Creek Improvement District Orlando Sentinel
Donald W. McIntosh Associates

AMOUNT
$329.00
$74. 16 
$502.54
$17,349.25
$2,827.50
$423.00
$8,390.00
$516.50
$2,000.00
$74. 16 
$36,998.00
$69,484.11 

DATE:

March 2, 2018 

MYRTLE CREEK IMPROVEMENT DISTRICT

REQUISITION FOR PAYMENT

SPECIAL ASSESSMENT REVENUE BOND SERIES 2016 

REQUISITION NO. 490

PAYEE: ADDRESS:

ITEM

Hopping Green & Sams
1 19 S. Monroe Street, Ste. 300
PO Box 6526
Tallahassee, FL 323 14

Invoice 98737 for Project Construction Through 0 1/3 1/2018 - $329.00

AMOUNT DUE: $329.00
Fund: Acquisition/Coustrnction

'foe undersigned, an Authorized Officer of Myrtle Creek Improvement District (the "District") hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture from the District to U.S. Bank National Association, as trustee (the "Trustee"), dated as of December I, 2006 (the "Master Indenture"), as amended and supplemented by the Second Supplemental Indenture from the District to the Trustee, dated as of December 1, 2006 (the Master Indenture as amended and supplemented is hereinafter referred to as the "Indenture") (all capitalized tenns used herein shall have the meaning ascribed to such term in the Indenture):

The undersigned hereby ce1tifies that obligations in the stated amount set forth above have been incurred by the District, that each disbursement set forth above is a proper charge against the 2016 Acquisition and Construction Account and the subaccount, if any, referenced above, that each disbursement set forth above was incurred in connection with the acquisition and the construction of the 2016 Project andeach represents a Cost ofthe 2016 Project, and has not previously been paid.

The undersigned hereby further certifies that there has not been filed with or served upon the District notice ofany lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any ofthe moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage, which the District is at the date of such certificate entitled to retain.

If this requisition is for a disbursement from other than the Costs of Iss,uance subaccount, tl1ere shall be attached a certificate signed by the Consulting Engineers certifying approval of this requisition which must state that this disbursement is for a Cost of the 2016 Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for the portion of tl1e 2016 Project witl1 respect to which such disbursement is being made; and, (iii) the report of the Consulting Engineer attached as an Exhibit A to the Second Supplemental Indenture, as such report shall have been amended or modified on the date hereof.

If this requisition is for a disbursement from other than the Costs of Issuance subaccount, it is hereby represented by the undersigned that the Governing Body of the District has approved this requisition or has approved the specific contract witll respect to which disbursements pursuant to this requisition are due and payable.

Attached hereto are pl1otocopies of tile invoice(s) from the vendor of the property acquired or services rendered with respect to which disbursement is hereby requested.

BYC: HAI/

AND CAPITALIZED INTEREST REQUESTS ONLY

CONSULTING ENGINEER'S APPROVAL FOR NON-COST OF ISSUANCE
The undersigned Consulting Engineer hereby certifies that this disbursement is for a Cost of Myrtle Creek In1provement District and is consistent with: (i) the applicable acquisition or construction contract; (ii) tileplans an�cification fo · ti e portion of Myrtle Creek Improvement District Project with respect to which such disbursement is being made;  afid,. (iii  tl1e rey/bi�t      the Consulting Engineer
attached as an Exhibit to the Second Supplemental Indenture, as such report shall have be n ame   ed  r  1  di	-ol11lied te hereof.

BYD: IS

1/RIC17 EN  I  EE

J/) ,/Jt
:5""' . 'o_e.'--\-:J . ��, ,__s;\e_(\ . Q <:

PDAAYTEE: :

MOralracnhdo9,S2e0n1ti8nel

MYSRPTELCEIRAECLQRAUESIESKIETSIIMSOMNPERFNOOTRVREPEAMVYEEMNNEUETNDTBISOTNRDICT

AREMQOUIUNSITTIDOUNEN: $O7.44.1961

SERIES 2006A

ADDRESS :

PA.tOla.nBtao,xG1A0036003884

Fund: Acquisition/Construction

ITEM	Invoice OSCM361938 (Ad #5461915) for Legal Advertising Through 02/28/201 8, split 3 ways - $74.16
The undersigned, an Authorized Officer of Myrtle Creek Improvement District (the "District") hereby submits the following
requisition for disbursement under and pursuant to the tenns of the Master Trust Indenture from the District to U.S. Bank National Association, as trustee (the "Trustee"), dated as of December 1, 2006 (the "Master Indenture"), as amended and supplemented by the First Supplemental Indenture from the District to the Trustee, dated as of December l, 2006 (the Master Indenture as amended and supplemented is hereinafter refe1Ted to as the "Indenture") (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture):

The undersigned hereby certifies that obligations in the stated amount set forth above have been incurred by the District, that each disbursement set forth above is a proper charge against the 2006 Acquisition and Construction Account and the subaccount, if any, referenced above, that each disbursement set forth above was incurred in connection with the acquisition and the construction of the 2006 Project andeach represents a Cost of the 2006 Project, andhasnot previously been paid.

The undersigned hereby further ce1tifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, orclaim affecting the right to receive payment of, any ofthe moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned hereby further ce1tifies that such requisition contains no item representing payment on account of any retained percentage, which the District is at the date of such certificate entitled to retain.

If this requisition is for a disbursement from other than the Costs of Issuance subaccount, there shall be attached a certificate signed by the Consulting Engineers certifying approval of this requisition which must state that this disbursement is for a Cost of the 2006 Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for the portion ofthe 2006 Project with respect to which such disbursement is being made; and, (iii) the report ofthe Consulting Engineer attached as an Exhibit A to the First Supplemental Indenture, as such report shall have been amended or modified on the date hereof.

If this requisition is for a disbursement from other than the Costs of Issuance subaccount, it is hereby represented by the
undersigned that the Governing Body of the District has approved this requisition or has approved the specific contract with respect to which disbursements pursuant to this requisition are due and payable.

Attached hereto are photocopies ofthe invoice(s) from the vendor ofthe property acquired or services rendered with respect to which disbursement is hereby requested.

PAYEE:

D T : ADDRESS:

MYSRPTELCIERAECLQRAUESIESIEKTSIIMSOMNPERFNOOTRVREPEAMVYEMNNEUTNEDTBISOTNRDICT
MDoanrcahld1W6, .2M01c8Intosh Associates, Inc. SERIES 2016 2W20in0tePraPrkarAkv, FenLu3e2N7o8r9th

AMOUNT DUE: $502.54

REQUISI  ION NO. 492
Fund: Acquisition/Construction

ITEM

Invoice 34822 for Project 23217 (Lake Nona Myrtle Creek) Through 02/23/20 18 - $502.54
The undersigned, an Authorized Officer of Myrtle Creek Improvement District (the "District") hereby submits the following

requisition for disbursement under and pursuant to the terms of the Master Tmst Indenture from the District to U.S. Bank National Association, as trustee (the "Trustee"), dated as of December 1, 2006 (the "Master Indenture"), as amended and supplemented by the Second Supplemental Indenture from the District to the Trustee, dated as of December 1, 2006 (the Master Indenture as amended and supplemented is hereinafter referred to as the "Indenture") (all capitalized tenns used herein shall have the meaning ascribed to such term in the Indenture):

The undersigned hereby certifies that obligations in the stated amount set forth above have been incuned by the District, that each disbursement set forth above is a proper charge against the 2016 Acquisition and Construction Account and the subaccount, if any, referenced above, that each disbursement set forth above was incurred in collllection with the acquisition and the construction of the 2016 Project and each represents a Cost ofthe 2016 Project, and has not previously been paid.

The undersigned hereby further certifies that there has not been filed with or servedupon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any ofthe moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage, which the District is at the date ofsuch certificate entitled to retain.

If this requisition is for a disbursement from other than the Costs of Issuance subaccount, there shall be attached a certificate signed by the Consulting Engineers certifying approval of this requisition which must state that tlus disbursement is for a Cost of tl1e 2016 Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for tl1e portion oftl1e 2016 Project with respect to which such disbursement is being made; and, (iii) the report ofthe Consulting Engineer attached as an Exhibit A to the Second Supplemental Indenture, as such report shall have been amended or modified on the date hereof.

If tlus requisition is for a disbursement from other than the Costs of Issuance subaccount, it is hereby represented by the nndersigned that the Governing Body of the District has approved tl1is requisition or has approved the specific contract with respect to which disbursements pursuant to this requisition are due and payable.

Attached hereto are photocopies of the invoice(s) from the vendor of the property acquired or services rendered with respect to which disbursement is hereby requested.

BY:

�,"l�r.=. 7'" �::-::--,

EK IMPROVEMENT DISTRICT

--:	=------

CONSULTING ENGINEER'S APPROVAL FOR NON-COST OF IS-:::f'SUeAN..f+CE '111::;,s.c. r

o-r�v=1c=E c=:::-'.'"'.I==-=--=-

AND CAPITALIZED INTEREST REQUESTS ONLY

C�.�:	HA  RMAN	IL
The undersigned Consulting Engineer hereby certifies that this disbursement is for a Cos of Myrtle Creek In1provement District
and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans andJ eci ication for tl portion of Myrtle Creek Improvement District Project with respect to which such disbursement is being made; aru(, (iii) tl1e repor	�ul�ing Engineer

,ttaclu,d " ,n Exhiliit to th, ,.,,nnd Supplom,ntal Irulonru,,, " '"'h report

::�

h,v, h"' {=and     M	.	d nu h,	')�;�hr

DISTRIC	-�)e�t	-  '	t°) , ��--Jc'(\ , �.t 

PAYEE:

$17,349.25

D TE: ADDRESS:

MYSRPTELCIERAECLQRAUESIESKEITSIIl\SOM1NPERFNOOTRVREPEAMVYEEMNNETUNEDTBISOTRINDCT
MDoanrcahld2W3, .2M01c8Intosh Associates, Inc. SERIES 2016 2W20in0tePraPrkarAk,vFenLu3e2N7o8r9th

AMOUNT DUE: $ 1 7,349.25

REQUISI ION NO. 493
Fund: Acquisition/Constrnction

ITEM

Invoice 34889 for Project 17172 (Performance Drive Phase 3) Through 02/23/2018 -
The undersigned, an Authorized Officer of Myrtle Creek Improvement District (the "District") hereby submits the following

requisition for disbursement under and pursuant to the terms of the Master Trust Indenture from the District to U.S. Bank National Association, as trustee (the "Tmstee"), dated as of December l, 2006 (the "Master Indenture"), as amended and supplemented by the Second Supplemental Indenture from the District to the Tmstee, dated as of December 1, 2006 (the Master Indenture as amended and supplemented is hereinafter referred to as the "Indenture") (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture):

The undersigned hereby certifies that obligations in the stated amount set forth above have been incurred by the D istrict, that each disbursement set forth above is a proper charge against the 2016 Acquisition and Construction Account and the subaccount, if any, referenced above, that each disbursement set forth above was incurred in connection with the acquisition and the construction of the 2016 Project and each represents a Cost o fthe 2016 Project, and has not previously been paid.

The undersigned hereby further certifies that there has not been filed with or served upon the District notice ofany lien, right to lien, or attachment upon, or claim affecting the right to receive payment ot: any ofthe moneys payable to the Payee set forth above, which has not been released orwill not be released simultaneously with the payment hereof.

The undersigned hereby farther certifies that such requisition contains no item representing payment on account of any retained percentage, which theDistrict is atthe date of such certificate entitled to retain.

If this requisition is for a disbursement from otl1er than the Costs of Issuance subaccount, there shall be attached a certificate signed by the Consulting Engineers certifying approval of tl1is requisition which must state that this disbursement is for a Cost ofthe 2016 Project and is consistent witll: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for tile portion ofthe
2016 Project witllrespect to whichsuch disbursement is being made; and, (iii) tl1e report ofthe Consulting Engineer attached as an Exhibit A to the Second Supplemental Indenture, as such report shall have been amended ormodified on the date hereof.

If this requisition is for a disbursement from other than the Costs of Issuance subaccount, it is hereby represented by the undersigned that tile Governing Body of the District has approved this requisition or has approved the specific contract with respect to which disbursements pursuant to this requisition are due and payable.

Attached hereto are photocopies of the invoice(s) from the vendor of the property acquired or services rendered with respect to which disbursement is hereby requested.

CH	:T;e..tV.PICE�CH<U.!.AIRrMe_AN

BYM,

YRTLE CREEK--IMPROVEMENT DISTRICT

�

AND CAPITALIZED INTEREST REQUESTS ONLY

The undersignCeOd NCoSnUsuLltTinIgNEGngEinNeGerIhNerEebEyRce'SrtAifiPesPtRhaOt VthAis LdisFbuOrRsemNeOntNis-CfoOr aST OtFofISMSyUrtAleNCCr Ek lnlprovement District and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans an spec cation for e portion of Myrtle Creek
Improvement District Project with respect to which such  disbursement is being made;	d,  (iii)	r fo1t	e-€o	lung Engineer
attached as an Exhibit to the Second Supplemental Indenture, as such report shall have b en amend  O	• 1ed	e da e h	/ } �
;r�L

"'-�\-:'.)  •  ��I  S.:>. (

DATE:

March 29, 2018 

MYRTLE CREEK IMPROVEMENT DISTRICT

REQUISITION FOR PAYMENT

SPECIAL ASSESSMENT REVENUE BOND SERIES 2016 

REQUISITION NO. 494

PAYEE: ADDRESS :

Central Florida Locating, Inc. PO Box 1468
Bushnell, FL 335 13

AMOUNT DUE: $2,827.50
Fund: Acquisition/Constrnction

ITEM

Invoice 563 1 for GPR & EM s·ervices at Perfonnance Drive Phase 3, Lake Nona Blvd. - $2,827.50
The undersigned, an Authorized Officer of Myrtle Creek Improvement District (tl1e "District") hereby submits the following

requisition for disbursement under and pursuant to the te1ms of the Master Trnst Indenture from the District to U.S. Bank National Association, as trnstee (the "Trustee"), dated as of December l, 2006 (the "Master Indentnre"), as amended and supplemented by the Second Supplemental Indentnre from the District to the Trnstee, dated as of December 1, 2006 (the Master Indenture as amended and supplemented is hereinafter referred to as the "Indenture") (all capitalized tenns used herein shall have the meaning ascribed to such te1m in the Indentnre):

The UJ1dersigned hereby certifies that obligations in the stated amount set forth above have been incuned by the District, that each disbursement set fortl1 above is a proper charge against the 2016 Acquisition and Construction Account and the subaccount, if any, referenced above, that each disbursement set fo11h above was incuned in connection with the acquisition and ·the constrnction of the 2016 
Project and each represents a Cost of the 2016 Project, and has not previously been paid.

The undersigned hereby further certifies that there has not been filed with or served upontl1e District notice ofany lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned hereby fin1her certifies that such requisition contains no item representing payment on account of any retained percentage, which the District is at the date ofsuch certificate entitled to retain.

If tllis requisition is for a disbursement from other than the Costs of Issuance subaccount, there shall be attached a certificate signed by the Consulting Engineers certifying approval of this requisition which must state that this disbursement is for a Cost of the 2016 Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) tl1e plans and specifications for tl1e portion of the 2016 Project witl1 respect to which such disbursement is being made; and, (iii) the report ofthe Consulting Engineer attached as an Exhibit A to the Second Supplemental Indenture, as such rep011 shall ha\'.e· been amended or modified on the date hereof.

If this requisition is for a disbursement from other than the Costs of Issuance subaccount, it is hereby represented by the undersigned that the Governing Body of the District has approved this requisition or has approved tl1e specific contract with respect to which disbursements pursuant to this requisition are due and payable.

Attached hereto are photocopies of the invoice(s) from the vendor ofthe property acquired or services rendered with respect to which disbursement is hereby requested.

IMPROVEMENT DISTRICT

BY:

:--:

-.,,,..· _,,.-,

---­

C-::::-H.�t.5�r:;·���  or V�IC=E=-=C=-:-HA=IRM::-::-:A-=-=-N
CONSULTIANNGDECNAGPINITEAELRI'ZSEADPPINRTOEVRAELSFTORREQNUOENS-CTOS SOTNOLFYISSUA-::Te..NCE.f'.P 'ff)ae. re_

The undersigned Consulting Engineer hereby certifies that this disbursement is for a	t of Myrtle Creek In1provement District and is consistent with: (i) tl1e applicable acquisition or construction contract; (ii) the plans an spec fication £ r th portion ofMyrtle Creek

attached as an Exhibit to the Second Supplemental Indenture, as such repo11

1 have

:

amend	r	ffi d on the dat

I!{

Improvement District Project with respect to which such  disbursement is being mate �' (iii) the rep	o	suiting Engineer
:::

t/	.:;1;

DISTRICT N,.:,.,,,,,_.,,.,,	e�Q

e._,___\;_-:') _ �Cu.:i\-a(\ , �C

/	( ? {

PAADYDEREE:SS:
ITEM

DATE:

March 29, 2018 

SPECIAL ASSESSESRMIES T20R1E6VENUE BOND

TPaOllaBhoaxss6e5e2, 6FL 323 14
Invoice 99177 for Project Construction Through 02/28/2018 - $423.00

H1 1o9ppSi.nMg oGnrreoeenS&treSeatm, Sste. 300

AREMQOUUINSITTIDOUNEN: $O4.2439.050

Fund: Acquisition/Constrnction

MYRTLERECQRUEIESKITIIOMNPRFOORVEPAMYEMNETNDTISTRICT

The undersigned, an Authorized Officer of Myrtle Creek Improvement District (the "DistTict") hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture from the District to U.S. Bank National Association, as trustee (the "Trnstee"), dated as of December 1, 2006 (the "Master Indenture"), as amended and supplemented by the Second Supplemental Indenture from the District to the Trnstee, dated as of December l, 2006 (the Master Indenture as amended and supplemented is hereinafter referred to as the "Indenture") (all capitalized tenns used herein shall have the meaning ascribe.cl to such tenn in the Indenture):

The undersigned hereby certifies that obligations in the stated amount set forth above have been inctmed by the District, that each disbursement set forth above is a proper charge againsf the 2016 Acquisition and Construction Account and the subaccount, if any, referenced above, that each disbursement set forth above was incmTed in co1111ection with the acquisition and the constrnction of the 2016 Project and each represents a Cost oftl1e 2016 Project, and has not previously been paid.

The undersigned hereby further certifies that there has not been filed with or servedupon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to tl1e Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned h�reby further certifies that such requisition contains no item representing payment on account of any retained percentage, which the District is at the date ofsuch certificate entitled to retain.

If this requisition is for a disbursement from other than the Costs of Issuance subaccount, there shall be attached a ce1tificate signed by the Consulting Engineers certifying approval ofthis requisition whichmust state that this disbursement is for a Cost ofthe 2016 Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for the p01tion of the 2016 Project with respect to which such.disbursement is being made; and, (iii) the report ofthe Consulting Engineer attached as an Exhibit A to the Second Supplemental Indenture, as such report shall have been amended or modified on the date hereof.

If this requisition is for a disbursement from other than the Costs of Issuance subaccount, it is hereby represented by the undersigned that the Governing Body of the District has approved this requisition or has approved the specific contract with respect to · which disbursements pursuant to this requisition are due and payable. ·

Attached hereto are photocopies of the invoice(s) from the vendor of the property acquired or services rendered with respect to which disbursement ·is hereby requested.

BYM:

YRl�il/1/�E1-r�ROVEMENT DISTRICT

AND CAPITALIZED INTEREST REQUESTS ONLY

.	I ·	:fe...f..(; rY\oc r IL

cHAi:i»1AN or VICE CHAIRMAN CONSULTING ENGINEER'S APPROVAL FOR NON-COST OF ISSUANCE

The m1dersigned Consulting Engineer hereby certifies that this disbursement is for a Cost of My1tle Creek Improvement District and is consistent with: (i) the applicable acquisition or constrnction contract; (ii) the plans andJ, cification for 1e portion ofMy1tle Creek
Improvement District Project with respect to which such disburseme11t is being m�t�	a, (i" ) the re  ort   f  h	onsulting Engineer
attached as an Exhibit to the Second Supplemental Indenture, as such rep. ort	! have	e;!ame	r	·  ed on the · a	e
:::	'	:tJ; i
DISTRICT	. ,�.=-u.::k.Jf'  Q. L

DPAAYTEE:  :

ADDRESS:

ADpevriol 1S3e,er2e0e1r8am, Ph.D., P.E., LLC

SPECIAL ASSESSESRMIES T20R1E6VENUE BOND

5O5r0l0anAdloh,aFmLb3ra28D0r8iv-7e004

REMQOUUINSIT IDOUNEN: $O8.,43906.00

Fund: Acquisition/Constrnction

ITEM

Invoice MARI 8G-03 for Performance Drive Phase 3 Through 03/3 1/2018 - $8,390.00

MYRTLERECQRUEIESKITIIMONPRFOORVEPAMYEMNETNDTISTRICT

The undersigned, an Authorized Officer of Myrtle Creek Improvement District (the "District") hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trnst Indenture from the District to U.S. Bank National Association, as trustee (the "Trustee"), dated as of December I, 2006 (the "Master Indenture"), as amended and supplemented by the Second Supplemental In<lenture from the District to the Trustee, dated as of December 1, 2006 (the Master Indenture as amended and supplemented is hereinafter referred to as the "Indenture") (all capitalized tenns used herein shall have the meaning ascribed to such term in the Indenture):

The undersigned hereby certifies that obligations in the stated amount set forth above have been incurred by the District, that each disbursement set forth above is a proper charge against the 2016 Acquisition and Constrnction Account and the subaccount, if aey, referenced above, that each disbursement set forth above was incurred in connection with the acquisition and the construction of the 2016 Project and each represents a Cost ofthe 2016 Project, and has not previously been paid.

The undersigned hereby forther certifies that there has not been filed with or serve<l upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any ofthe moneys p ayable to the Payee set forth above, which has not beenreleased or will notbe released simultaneously with the payment hereof.

The undersigned hereby forther certifies that such requisition contains no item representing payment on account of any retained percentage, which the District is at the date of such certificate entitled to retain.

If this requisition is for a disbursement from other than the Costs of Issuance subaccount, there shall be attached a certificate signed by the Consulting Engineers certifying approval of this requisition which must state that this disbursement is for a Cost ofthe 2016 Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for the portion of the 2016 Project with respect to which such disbursement is being made; and, (iii) the report ofthe Consulting Engineer attached as an Exhibit A to the Second Supplemental Indenture, as such report shall have been amended or modified on the date hereof.

If this requisition is for a disbursement from other than the Costs of Issuance subaccount, it is hereby represented by the undersigned that the Governing Body of the District has approved this requisition or has approved the specific contract with respect to which disbursements pursuant to this requisition are due and payable.

Attached hereto are photocopies of the invoice(s) from tl1e vendor of the property acquired or services rendered with respect to which disbursement is hereby requested.

vi�/

MYRTLEfREEK 11\fPROVEMENT DISTRICT

AND CAPITALIZED INTEREST REQUESTS ONLY

BYC: HAI� or VICE CHAIRMAN CONSULTING ENGINEER'S APPROVAL FOR NON-COST OF ISSUANCE

Improvement District Project with respect to which such disbursement is being made; Jnd, (ii ) the re rt -the-Bo sulting Engineer

The undersigned Consulting Engineer hereby certifies that this disbursement is for a Cost of Myrtle Creek Improvement District and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans an p ification for (e portion of Myrtle Creek

t

1

,n.,,J,ed � ,n Exhibit to tho S�ond Suppl=ont"1 Jndonture, " ro,h report	h,v	' •=n   d<}	,t ,d nn th, d,  1,rr/\/)

::�

DISTRICT	1!f� �e\\\;,_ -e- '\ ":_j , \\.\12._ -._,3\en _ \;1  2

s-1
!..

DAAYTEE: :

ADDRESS:
ITEM

ADponriall1d3W, 2.0M1 8cIntosh Associates, Inc.

SPECIAL ASSESSESRMIES T20R1E6VENUE BOND

REMQOUUINSITTIDOUEN N: $O5.1469.570

Invoice 34930 for Project 23217 (Lake Nona Myrtle Creek) Through 03/23/2018 - $516.50

2W20in0tePraPrkarAk,vFenLu3e2N7o8r9th

Fund: Acquisition/Constrnction

MYRTLERECQRUEIESKITIIOMNPRFOORVEPAMYEMNETNDTISTRICT

),

TI1e undersigned, an Authorized Officer of Myrtle Creek Improvement District (the "District") hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trnst Indenture from the District to U.S. Bank National Association, as trnstee (the 11Trnstee11    dated as of December 1, 2006 (the "Master Indenture"), as amended and supplemented by the Second Supplemental Indenture from the District to the Trnstee, dated as of December l, 2006 (the Master Indenture as amended and supplemented is hereinafter referred to as the "Indenture") (all capitalized terms used herein shall have the meaning ascribed to such te1m in the Indenture):

The undersigned hereby certifies that obligations in the stated amount set forth above have been incurred by the District, that each disbursement set forth above is a proper charge against the 2016 Acquisition and Constrnction Account and the subaccount, if any, referenced above, that each disbursement set forth above was incurred in connection with the acquisition and the construction of the 2016 Project and each represents a Cost of the 2016 Project, and has not previously been paid.

The undersigned hereby further certifies that there has not been filed with or served upon the District notice ofany lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.
The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage, which the District is at the date of such certificate entitled to retain.

If this requisition is for a disbursement from other than the Costs of Issuance subaccount, there shall be attached a certificate signed by the Consulting Engineers certifying approval of this requisition which must state that this disbursement is for a Cost of the 2016 Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) theplans and specifications for the portion of tl1e 2016 Project with respect to which such disbursement is being made; and, (iii) the report ofthe Consulting Engineer attached as an Exhibit A to the Second Supplemental Indenture, as such report shall have been amended or modified on the date hereof.

If this requisition is for a disbursement from other tl1an the Costs of Is!mance subaccount, it is hereby represented by tl1e undersigned that the Governing Body of the District has approved tltis requisition or has approved the specific contract witlt respect to which disbursements pursuant to this requisition are due and payable.

Attached hereto are photocopies ofthe invoice(s) from tlte vendor ofthe property acquired or services rendered with respect to which disbursement is hereby requested.
ROVEMENT DISTRICT

AND CAPITALIZED INTEREST REQUESTS O	Y

CONSULTING ENGINEER'S APPROVAL FOR NON-COST OF ISSUANCE
The undersigned Consulting Engineer hereby certifies tl1at tl1is disbursement is for a  os ofMyrtle Cr  k Improvement District
and is consistent_ w�th: (i) �1e ap�licable acquisitio? or const1:1ction contra�t; Cii? the plans an  51'.�.c·  cationffr   e portion of�yrtle �reek
Improvement D1stnct ProJect w1ili respect to which such disbursement 1s bemg mat�	a, (m).	rep  rt   f   e Consajhhg Engmeer

:::

/

;rr��[JO

attached as an Exhtliit to the Second Supplemental Indenture, as such report	! have	e�amend     o  rrl.  i ed on	j
DISTRICT	"7.U'•�� '-\�   •  \'--e..AcC\ S? .?.._ .

MYSRPTELCIERAECLQRAUESIESKEITSIIMSOMNPERFNOOTRVREPEAMVENYMENENUTEDTBISOTRNDICT

PADAADYDTEERE:E:SS:

AMpyrritlle1 3C,r2e0ek1 8Improvement District 1O2r0la5n1dCoo, rFpLor3a2te8 1B7lvd.

SERIES 2016 

REQUISI ION NO. 498

AMOUNT DUE: $2,000.00

Fund: Acquisition/Construction

ITEM

fRoerimLabkuersNemoneanRt tioghdtisotrfiWct afoyr-pPayrompeonstemd WadelfrlsporminOg&DMrivfue anndds PtoerTfohremAapnpcreaDisrailvGer-ou$p2,o0f0C0.e0n0tral Florida
The 1mdersigned, an Authorized Officer of Myrtle Creek Improvement District (the "District") hereby submits the following

requisition for disbursement under and pursuant to the terms of the Master Trust Indenture from the District to U.S. Bank National Association, as trustee (the "Trustee")," dated as of December I, 2006 (the "Master Indenture"), as amended and supplemented by the Second Supplemental Indenture from the District to the Trustee, dated as of December I, 2006 (the Master Indenture as amended and supplemented is hereinafter referred to as the "Indenture") (all capitalized terms used herein shall have the meaning ascribed to such tenn in the Indenture):

The undersigned hereby certifies that obligations in the stated amount set forth above have been incmred by the District, that each disbursement set forth above is a proper charge against the 2016 Acquisition and Construction Account and the subaccount, if any, referenced above, that each disbursement set forth above was incurred in connection with the acquisition and the construction of the 2016 Project and each represents a Cost ofthe 2016 Project, and has not previously been paid.

The undersigned hereby further certifies that there has not been filed with or servedupon the District notice ofany lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any ofthe moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the paymenthereof

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage, which the District is at the date ofsuch certificate entitled to retain.

If this requisition is for a disbursement from other than the Costs of Issuance subaccount, there shall be attached a certificate signed by the Consulting Engineers certifying approval of this requisition which must state that this disbursement is for a Cost of the 20I 6 Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for the portion of the 2016 Project with respect to which such disbursement is being made; and, (iii) the report ofthe Consulting Engineer attached as an Exhibit A to the Second Supplemental Indenture, as such report shall have been amended or modified on the date hereof

If this requisition is for a disbursement from other tl1an tl1e Costs of Issuance subaccount, it is hereby represented by the undersigned that the Governing Body of the District has approved this requisition or has approved the specific contract with respect to which disbursements pursuant to this requisition are due and payable.

Attached hereto are photocopies of the invoice(s) from tl1e vendor of the property acquired or services rendered with respect to which disbursement is hereby requested.

BYMY:

RTLE//CJ!E; 1EK I--M�PR�O  VEMENT D.ISTRICT

CONSULTING ENGINEER'S APPROVAL FOR NON-COST OF ISSUANCE

The 1mdersigned ConsultingAENnDginCeAerPhIeTreAbyLcIeZrtEifiDesINthaTtEthRisEdSisTbuRrsEemQeUntEisSTfoSr aOCNoLstYof Myrtle Creek Improvement District

CH	.	or VICE CHAIRMAN

,

na,h<d " ,n Exhil,;1 to th, S,oond Supptom,ntol Ind�nu,, " ru,h report::,! havo

'?"=�rGtn/nJ;	o

+r�"�f) 11*�

o

U

and is consistent with: (i) tl1e applicable acquisition or constrnction contract; (ii) the plans an  sp cification for I e portion ofMy1tle Creek
Improvement District Project with respect to which such disbursement is being made;	d, (i i) the retfclrt t.the Consulting Engineer

DISTRICT

E   · -::',e\;\	'-\ ;=,

"'y_( "

DPAAYTEE: :

MYSRPTELCIERAECLQRAUESIESKEITSIMISOMENPRFNOOTRVREEPAMEVYMEENNUTNEDTBISOTRNDICT

SERIES 2006A

AOprlrainl d1o3,S2e0n1ti8nel

RAEMQOUUISNITTIDOUNEN: $O7.44.9169

ADDRESS:

PA.tOla.nBtao,xG1A0036003884

Fund: Acquisition/Construction

ITEM	Invoice OSCM370461 (Ad #5527360) for Legal Advertising Through 04/08/201 8, split 3 ways - $74.16

requisition for disbursement under and pursuant to the tenns of the Master Trust Indenture from the District to U.S. Barile National

The undersigned, an Authorized Officer of Myrtle Creek Improv ment District (the  "District") he eby  submits the  foJlowing

Supplemental Indenture from the District to the Trustee, dated as of December 1 , 2006 (the Master Indenture as amended and

Association, as trustee (the "Trust e"), dated as of Decemb	1, 2006 (the "Master Indenture"), as amended and supplemented by the First sthupepInledmenetnutreed):is hereinafter refe1red to as the "Indenture") (all capitalized terms used herein shall have the meaning ascribed to such tem1 in

referenced above, that ch disbursement set fo h above was incurred in conn ction with the acquisition and the construction of the 2006

each disbuTrhsemuenndtersseitgfonerdthhaebreobvye ciseratipfireosptehracthoabrlgigeaatgioaninssitnththee20st0a6teAd caqmuoisuitniot nseatnfodrCthonabstorvucetihoanveAbcceoeunnitnacnudrrethdebsyubthaeccDouisnttr,icitf, atnhyat, Project and each represents a Cost ofthe 2006 Project, and has not previously beenpaid.

has not been released or will not be released simultaneously with the payment hereof.

si    ed by the Consulting Engineers certifying approval oftl1is requisition which must state that this disbursement is for a Cost oftl1e 2006gn

lien, or attThachemuenndteurspigon,edorhcelraeibmy afuffretchteirngcetrhtiefireigshtht atot trheecreeivheapsanyomt benetenoffi, laendywoiftthhoermseornveeydsuppaoynabtlheetDo itshteriPctayneoeticsetofforatnhyalbieonv,er,iwghhtictho

percentageT,hwehuinchdetrhseigDniesdtrihcetriesbayt futhrethdeartecoerftsifuicehs tcheartisfiuccahterenqtuiitsleitdiotno creotnatiani.ns no item representing payment on account of any retained If this requisition is for a disbursement from other than the Costs of Issuance sub ccount, there shall be att hed a certificate P20ro0j6ecPtraojnedctiswciothnsriesstpenecttwtoithw: h(ic)hthseucahppdliiscbaubrlseemaceqnutisiistiboeninogr mcoandsetr;uacntdio, n(iicio)nthtreacrtep; (oiri)t tohfethpelaCnosnasnudltsinpgecEifnicgaintieoenrsafottarcthheedpaosratinonEoxfhitbhiet

which disbursements pursuant to this requisition are due and payable.

A to the First Supplemental Indenture, as such report shall have been amended or modified on the date hereof.

which disbAutrtsaecmheednthiesrheteoreabrye rpehqouteosctoepdi.es of the· invoice(s) from the vendor of the property acquired or services rendered with respect to

undersigneIfd tthast rtehqeuGisiotvioenrninsgfoBroadydoisfbuthreseDmiesntrticfrt ohmas oatphperrovtheadnththise rCeqousitssitoiofnIsosruhanasceapspurboavcecdoutnhte, sipt eicsifhicerceobnytrraecptrewsietnhteredspbeycttlt1oe

BYMYR:	i/fL�TY;f/��o	IMPROVEMENT DISTRICT

and is conTsihsteeunnt dweirtshi:g(ni)edtl1CeoanpspullitcianbgAleENanDcgqinuCeisAeirtPihoIenTreoAbryLcocIZnerstEtruifiDcetsINiothnTactEotnhRtrisEadcSits;Tb(uiRir)sEethmQeepUnltaEnisSsTfoanSrd;aOspNeLitfYiocfaMtioynrtfloerCthreekoIrmtiopnroovfeMmeynrtleDCisrterieckt

CONSULTING ENGINEER'S APPROVAL FOCRllfNON-COSTrOVFIICSESUCAHNACIRME

AN ·

Iamttapcrhoevdemasenant DExishtribicit tPortohje FtirwstithSurpepslpeemctentotalwInhdicehntusurceh, adsisubcuhrsreempoernttsihs beinagvembaede:;aiedn,d(eidii orthe re fi

o 1[tthee-Consuelrtei;Jng Engin)e/er

:�D:  ISTR�ICT -"'''"_...._,,.	L\ :'.\ ./�,le.ul/ "t..C\ , (>, f

C 1.-•-

DATE:

April 20, 2018

MYRTLERECQRUEIESIKTIIMONPRFOORVEPAMYMENETNDTISTRICT

SPECIAL ASSESSMENT REVENUE BOND

SERIES 2016 

REQUISITION NO. 500

PAYEE: ADDRESS: 

Donald W. McIntosh Associates, Inc. 2200 Park Avenue North
Winter Park, FL 32789

AMOUNT DUE: $36,998.00
Fund: Acquisition/Construction

ITEM

Invoice 35005 for Project 17172 (Performance Drive Phase 3) Through 03/23/2018 - $36,998.00
The undersigned, an Authorized Officer of Myrtle Creek Improvement District (the "District") hereby submits the following

requisition for disbursement under and pursuant to the tenns of the Master Trust Indenture from the District to U.S. Battle National Association, as trustee (the "Trustee"), dated as of December l, 2006 (the "Master Indenture"), as amended and supplemented by the Second Supplemental Indenture from the District to the Trustee, dated as of December 1, 2006 (the Master Indenture as amended and supplemented is hereinafterreferred to as the "Indenture") (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture):

.The undersigned hereby certifies that obligations in the stated amount set forth above have been incurred by the District, that each disbursement set forth above is a proper charge against the 2016 Acquisition and Construction Account and the subaccount, if any, referenced above, that each disbursement set forth above was incurred in connection with the acquisition and the construction of the 2016 Project and each represents a Cost ofthe 2016 Project, and has not previously been paid.

The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned hereby further certifies that such requisition contains no item representing payment ·on account of any retained percentage, which the District is at the date ofsuch certificate entitled to retain.

If this requisition is for a disbursement from other than the Costs of Issuance subaccount, there shall be attached a certificate signed by the Consulting Engineers certifying approval of this requisition which must state that this disbursement is for a Cost of the 2016 Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for the portion ofthe 2016 Project with respect to which such disbursement is being made; and, (iii) the report ofthe Consulting Engineer attached as an Exhibit A to the Second Supplemental Indenture, as such report shall have been amended or modified on the date hereof.

If this requisition is for a disbursement from other than the Costs of Issuance subaccouilt, it is hereby represented by the undersigned that the Governing Body of the District has approved this requisition or has approved tlte specific contract with respect to which disbursements pursuant to this requisition are due and payable.

Attached hereto are photocopies of the invoice(s) from the vendor of the property acquired or services rendered witlt respect to which disbursement is hereby requested.

MYRTLE CREEK IMPROVEMENT DISTRICT

Operation & Maintenance Expenditures
Paid in April 2018 in an amount totaling $76,451.12

MYRTLE CREEK IMPROVEMENT DISTRICT
DISTRICT OFFICE • 1205 1 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 April 1, 2018 through April 30, 2018. This does not include expenditures previously approved by the Board.
The total items being presented:	$76,451.12

Approval of Expenditures:

Chairman Vice Chairman
         Assistant Secretary

	Myrtle Creek Improvement District
AP Check Register (Current by Bank)	Page: 1	
	Check Dates: 4/1 /20 18 to 4/30/201 8		
Vendor ID	Pa�ee Name	Amount	
		001-101 -0000-00-01	
ALLEN	Allen E Smith Ranch & Farming	$2,542.50	
AWC	Aquatic Weed Control, Inc.	$650.00	
BVLS	BrightView Landscape Services	$1 9,983.56	
DTUBBS	Donald Maurice Tubbs	$200.00	
FISH	Fishkind & Associates, Inc.	$3,51 6.55	
GRAU	Grau and Associates	$1 ,500.00	
HGS	Hopping Green & Sams	$2,653.77	
JMACRE	Jeff Macre	$200.00	
KSHENA	Kamalakar Shenai	$200.00	
KSCHOL	Kyle Scholl	$200.00	
LDASIL 	Lionel R. Dasilva	$200.00	
MLM	Michael's Lighting Main!.	$81 .25	

5/14/1 8
5:24:10 PM

Check No.	Date	Status

3289	04/1 2/1 8	
3290	04/1 2/1 8	
3291	04/1 2/1 8	
3292	04/1 2/1 8	
3293	04/1 2/1 8	
3294	04/1 2/1 8	
3295	04/1 2/1 8	
3296	04/1 2/18	
3297	04/12/18	
3298	04/12/18	
3299	04/1 2/1 8	
3300	04/1 2/1 8	
3301	04/1 2/18	
3302	04/12/18	
3303	04/1 2/18	
3304	04/1 2/18	
3305	04/30/1 8	
3306	04/30/1 8	
3307	04/30/18 	
3308	04/30/1 8	
3309	04/30/1 8	
3310 	04/30/1 8	
3311 	04/30/18	
3312 	04/30/18 	
3313 	04/30/18 	

BANK ID: SUN - CITY NATIONAL BANK

pp

p

pp

p

p

p

re q. . Y c\ 8'

TRUSTE			Gep		US Bank as Trustee for Myrtle	Debt 

p p

ORLSEN	Orlando Sentinel
TAGCF	The App�aisal Group of Central

$1 96.25

--$2;06&.66-

S'e l�V I

pp	BVLS	BrightView Landscape Services

p	VENTUR	Ventures In.com

pp

DTUBBS	Donald Maurice Tubbs

pp	JMACRE	Jeff Macre

DONMC	Donald W. McIntosh Associates FISH	Fishkind & Associates, Inc.

p

Deb �

KSHENA	Kamalakar Shenai KSCHOL	Kyle Scholl

-$4�9-
$1 05.00
$1 8,255.75
$200.00
$450.00
$3,461 .03
$200.00
$200.00
$200.00

p

LDASIL	Lionel R. Dasilva
TRUSTE	US Bank as Trustee for Myrtle

se v-v ; c,e

$200.00
��

$153,733.92

BANK SUN REGISTER TOTAL:	$153,733.92

GRAND TOTAL

(',t.� .4qg
Ii)) 

◊

1 5"i ' 7:'i3 G 92
-

OV<-

L	3? 1525 • 98	+
e,c 1D	14 ?01 5°3	+

*

Ov(..,	3, 516° 1 8	+
U6, 45 '. • ·l2 

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

MYRTLE CREEK IMPROVEMENT DISTRICT

3P/a2y3/m20e1n8t AUthorizc1tiori #346

INteom.

Waterway Service

AMqaurcahtic. We�d Control

Payee

NInuvmoibc€ler
23.037

General
Funci

$	325.00

Controll�r #3 Repairs

BrightView Landscape Services

Contr er #2 R pairs

Qoiitroller #1 R_epairs Ccmtroll$r #5 Repair$
DF1MshFkeined&&RAeismsbquririsaateb�les: M.  arch 2018 

Donald Ttlbbs
KBoylbedSac:Shiolvlal

Kam Shenai

'$

$

200.00

$$	200.00

2qo;oo

200�00

TOTAL

$ 11 ,481.05

JSeuffpeMrav9Jsreor Fees - 03/20i2018 Meeting

?5?57.7�s0o7a73 5678085

.;...

7,

22340

$ 6, 1 72.50

.$	'.11 8.2!5
$$	118635..7050

$ 3,516,55

.$	.200.00

-'-""'•�v-.•  , '-./cl�	 	

J slJetary/Assis;tant S�qretary

Chairper�on

MYRTLE C REEK IMPROVEMENT DISTRICT

3/29/2018 

Payment Autho.riz�tion #347

No.

Item	PayE1e
ATrleleenREemSmovitahlsRanch •� Farming

N! �uVmo.ibceer 3524

991 76

GFeunnedral

$ 2;653.77

 	$ 3,525.98

·

.

:fJu

r----

0

•

TOTAL

.	-

-...,,c

n	11

( "l

.

,.1�.

-1

I U9

'-......-/)

�

---f

r

�

\.I

),  svI tary/Assistant Secretary

Chairperson

 	

�--·----

MYRTLE CREEK IMPROVEMENT DISTRICT

4/6/201 8

Payment Authorization #348

No.

Item

AApqruilaWticatWerweeady CSoenrvtircoel

Payee

NInuvmoibceer

GFeunnedral
$	425.00

BLarnifJdhstcVaipeewImLapnrodvsecmapenetsServices

AGuradiut FaYnd2A01s7so�iates

MNiigchhtaLeilg'shtLinigghCthinegck&oEnle0c3/t3ri1c/2018 

LOerglaanl dAodvSeerntistiinngel
AVeprnHtAurpepslilcna.ctioonmHostfng

5684687

1 6593

OSCM366067
43648
TOTAL

$ 13;344.06
$   1 ;500.00
$	81 .25
i	1 96.25

$	1 05.00

$ 15·,551.56

��	rftl11W	 	

' e,blary/As:istant Secretary

Chairperson

RECEIVED APR !J �1 2018

MYRTLE CREEK IMPROVEMENT DISTRICT

4P/a1 3y1m20e1n8t Authorization #349

Item

No.

                                1
2

3

Payee

-, ,,

MBoatJrc9hYlCCMreeEkxpImenpsreosvemernJt Dis0t11\riclit'll,, -e	� /so /1/f

I.rr'igation R.   e. . pa.ir.s

ABprirgilhLtaVniedwscaLpaendMsaciantpeeri_aSnecrevices lrrigafic_m Repairs

4

Acct: 4782400001 ; Service 03i01/2018 - 04/02/261$ 

oµc

fd	e� li vit.	'-{lz 0il1 ff

$ 3,516.18 

TOTAL

PI::nognianledeWringIVlS�l3lnrtv.oicsehs ATshsrooucgiahte0s3/23/201 8

Nlnuvmcibice!;)r

I¢M201 $-O6

5698618 
557711771177fl8
34931

Ch�irperson

GFetnmedral
$ 14,91 �.30

$	81 .50

$$_ 17,474340:.2050	

$	450.00

MYRTLE CREEK IMPROVEMENT DISTRICT

4P/a2y0/m20e1n8t Authoriz�tion #350 No.

NJnuvmoibc"eer

GFeunendral

Item

RECEIVED APR 2 3 2018

1	FbiMshFkeined&&RAei�msb.ouctisaatebsles: April 2018 

Jeff Macre

$up�rvisor F�es - 04/17/2018 Meeting

K;:i. m S!1ern,Ji Donald Tubbs Kyle Scholl B�b daSjlva

22510

TOTAL

Chairperson

$ 3,461 ,0p

$	200.0Q

$$	22000..0000

40Q.00

$	200:00
$ 4,461 .03

MYRTLE CREEK IMPROVEMENT DISTRICT

Recommendation of
Work Authorizations/Proposed Services
(if applicable)

MYRTLE CREEK IMPROVEMENT DISTRICT

Review of District' s Financial Position and Budget to Actual YTD

Myrtle Creek Improvement District
Statement of Activities As of 4/30/2018 

General Fund	Debt Service	Capital Projects	General Long-	Total	
		Fund	Term Debt		

Revenues

On-Roll Assessments	$486,251 .80								$486,251 .80	
Off-Roll Assessments	21 ,695.04								21,695.04	
Other Income & Other Financing Sources	100.00								100.00	
On-Roll Assessments			$1 ,320,267.73						1,320,267.73	
Total Revenues	$508,046.84		$1 ,320,267.73		$0.00		$0.00		$1 ,828,314.57	

Expenses

Supervisor Fees	$6,200.00								$6,200.00	
Public Officials' Liability Insurance	3,250.00								3,250.00	
Trustee Services	8,361.40								8,361.40	
Management	23,333.31								23,333.31	
Engineering	6,681 .25								6,681.25	
Dissemination Agent	250.00								250.00	
Property Appraiser	1.432.00								1 .432.00	
District Counsel	9,61 1 .08								9,61 1.08	
Assessment Administration	2,500.00								2,500.00	
Audit	2,523.00								2,523.00	
Travel and Per Diem	98.75								98.75	
Telephone	236.22								236.22	
Postage & Shipping	85.91								85.91	
Copies	462.00								462.00	
Legal Advertising	1, 51 8.26								1,518.26	
Miscellaneous	1,791.00								1,791.00	
Property Taxes	1 23.22								1 23.22	
Web Site Maintenance	753.00								753.00	
Dues, Licenses, and Fees	175.00								175.00	
Electric	464.02								464.02	
Entry Lighting	92.75								92.75	
Water Reclaimed	11 ,710.30								11 ,71 0.30	
Aquatic Contract	2,275.00								2,275.00	
General Liability Insurance	3,723.00								3,723.00	
Irrigation	26,286.25								26,286.25	
Landscaping Maintenance & Material	134.432.50								134.432.50	
Tree Trimming	17,000.00								17,000.00	
Flower & Plant Replacement	13,344.06								13,344.06	
IME - Aquatics Maintenance	1,841 .21								1,841.21	
IME - Irrigation	1,603. 11 								1,603.11 	
IME - Landscaping	45,045.97								45,045.97	
IME - Lighting	1,229.45								1, 229.45	
IME - Water Reclaimed	446.43								446.43	
Streetlights	6,895. 19 								6,895. 19 	
Interest Payments - A1 Bond			$331 ,200.00						331 ,200.00	
Engineering					$69,072.29				69,072.29	
District Counsel					1,504.00				1 ,504.00	
Legal Advertising					538.10 				538. 10 	
Contingency					19,452.50				19.452.50	
Total Expenses	$335,774.64		$331 ,200.00		$90,566.89		$0.00		$757,541.53	

Other Revenues {Expenses} & Gains {Losses}

Interest Income	$2,276.1 1								$2,276. 11 	
Interest Income			$5,670.80						5,670.80	
Interest Income					$1 ,756.1 2				1,756. 12 	
Total Other Revenues (Expenses) & Gains (Losses)	$2,276.11 		$5,670.80		$1 ,756.1 2		$0.00		$9,703.03	
Change In Net Assets	$174,548.31		$994,738.53		($88,81 0.77)		$0.00		$1 ,080.476.07	
Net Assets At Beginning Of Year	$583,394.47		$1,125,828.24		$400.473.29		$0.00		$2,1 09,696.00	

Net Assets At End Of Year	
$757,942.78		
$2,1 20,566.77		
$31 1 ,662.52		
$0.00		
$3,190,172.07	

Myrtle Creek Improvement District
Statement of Financial Position As of 4/30/2018 

General Fund	Debt Service

Capital Projects Fund

General Long­ Term Debt

Total

Current Assets		Assets		
General Checking Account	$1 85,650.77						$1 85,650.77	
Money Market Account	41 6,761.09						41 6,761 .09	
State Board of Administration	3,81 0.61						3,81 0.61	
US Bank Savings-Pond Reserve	10,436.59						1 0,436.59	
US Bank Savings-Road Reserve	1 0,436.59						1 0,436.59	
US Bank Savings-Cap. Reserve	1 02,595.86						1 02,595.86	
Due From Other Funds	2,000.00						2,000.00	
Deposits	4,300.00						4,300.00	
Infrastructure Capital Reserve	30,578.55						30,578.55	
Interchange Maintenance Reserve	7,098.18 						7,098. 18 	
Due From Other Funds		$49,395.27					49,395.27	
Debt Service Reserve A2 Bond		335,821.35					335,821.35	
Revenue A2 Bond		1 ,735,224.99					1 ,735,224.99	
Prepayment A2 Bond		125.16					1 25.16 	
Acquisition/Construction A2 Bond			$386, 31 9.08				386,319.08	
Total Current Assets	$773,668.24	$2, 1 20,566.77	$386,319.08		$0.00		$3,280,554.09	

Investments
Amount Available in Debt Service Funds						$2,071,171 .50		$2,071 ,171 .50	
Amount To Be Provided						17,328,828.50		17,328,828.50	
Total Investments	$0.00	$0.00		$0.00		$1 9,400,000.00		$19,400,000.00	

$773,668.24

$2,1 20,566.77

$386,31 9.08

$1 9,400,000.00	$22,680,554.09

Liabilities and Net Assets

Total Assets

Current Liabilities
Accounts Payable
Due To Other Governmental Units Accounts Payable
Due To Other Funds Total Current Liabilities

Long Term Liabilities

$8,794.50 6,930.96

$1 5,725.46	$0.00

$72,656.56 2,000.00
$74,656.56

$0.00

$8,794.50 6,930.96
72,656.56
2,000.00
$90,382.02

Revenue Bonds Payable - Long-Term							$1 9,400,000.00		$1 9,400,000.00	
Total Long Term Liabilities	$0.00		$0.00		$0.00		$1 9,400,000.00		$19,400,000.00	
Total Liabilities	$1 5,725.46

		$0.00		$74,656.56

		$1 9,400,000.00		$19,490,382.02	

Net Assets
Net Assets, Unrestricted	

$1 ,287,126.00								

$1 ,287,126.00	
Net Assets - General Government	(703,731.53)								(703,731.53)	
Current Year Net Assets - General Government	174,548.31								174,548.31	
Net Assets, Unrestricted			$1,125,828.24						1,1 25,828.24	
Current Year Net Assets, Unrestricted			994,738.53						994,738.53	
Net Assets, Unrestricted					($417,951 .06)				(417,951 .06)	
Net Assets, Unrestricted					81 8,424.35				81 8,424.35	
Current Year Net Assets, Unrestricted					(88,81 0.77)				(88,81 0.77)	
Total Net Assets	$757,942.78		$2,1 20,566.77		$31 1 ,662.52		$0.00		$3, 190,172.07	
										
Total Liabilities and Net Assets	
$773,668.24		$2,1 20,566.77		
$386,319.08		
$1 9,400,000.00		
$22,680,554.09	

Myrtle C reek Improvement District
Budget to Actual
For the Month Ending 04/30/201 8

YTD Actual	YTD Budget	YTD Variance	FY 2018
Adopted Budget

Revenues

On-Roll Assessments	$	486,251 .80		$	287,417.76		$	198,834.04		$ 492,716.16 	
Off-Roll Assessments	21 ,695.04		
		21 ,695.04		
	
Money Market Reserve			151 ,875.17 		(151 ,875. 17)		260,357.44	
Carry Forward Revenue (accrued)			17,500.00		(17,500.00)		30,000.00	
Other Income & Other Financing Sources	100.00		
		1 00.00		
	
Net Revenues	$	508,046.84		$	456,792.93		$	51 ,253.91		$ 783,073.60	

Supervisor Fees	$	6,200.00	$	7,000.00	$	(800.00)	$	12,000.00	
Public Officials' Liability Insurance	3,250.00		2,085.42		1, 1 64.58		3,575.00	
Trustee Services	8,361 .40		1, 166.67		7,194.73		2,000.00	
Management	23,333.31		23,333.33		(0.02)		40,000.00	
Engineering	1, 950.00		2,916.67		(966.67)		5,000.00	
Engineering (Public Facilities Report)	4,731 .25				4,731 .25			
Dissemination Agent	250.00		2,916.67		(2,666.67)		5,000.00	
Property Appraiser	1 ,432.00		1, 750.00		(31 8.00)		3,000.00	
District Counsel	9,61 1 .08		11 ,666.67		{2,055.59)		20,000.00	
Assessment Administration	2,500.00		4,375.00		(1 ,875.00)		7,500.00	
Audit	2,523.00		2,31 8.75		204.25		3,975.00	
Arbitrage Calculation			525.00		(525.00)		900.00	
Travel and Per Diem	98.75		291 .67		(1 92.92)		500.00	
Telephone	236.22		291 .67		(55.45)		500.00	
Postage & Shipping	85.91		291 .67		(205.76)		500.00	
Copies	462.00		1, 1 66.67		(704.67)		2,000.00	
Legal Advertising	1, 51 8.26		2,916.67		(1 ,398.41 )		5,000.00	
Bank Fees			29.17 		(29.17)		50.00	
Miscellaneous	1 ,791 .00		2,91 6.60		(1 ,1 25.60)		5,000.00	
Property Taxes	123.22		43.75		79.47		75.00	
Web Site Maintenance	753.00		729. 17 		23.83		1 ,250.00	
Dues, Licenses, and Fees	175.00		1 02.08		72.92		1 75.00	
Total General & Administrative Expenses	$	69,385.40		$	68,833.30		$	552.10		$ 118,000.00	

General & Administrative Exi;ienses Legislative

Financial & Administrative

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 04/30/2018 

YTD Actual	YTD Budget	YTD Variance	FY 2018
Adopted Budget

Field Operations Electric Utility Services
Electric	$	464.02	$	583.33	$	(1 19.31 )	$	1 ,000.00
Entry Lighting	92.75	291 .67	(1 98.92)	500.00

Water-Sewer  Combination Services
Water Reclaimed	11 ,71 0.30	14,583.33	(2,873.03)	25,000.00	
Stormwater Control					
Mitigation Area		2,916.67	(2,916.67)	5,000.00	
Aquatic Contract	2,275.00	3,01 0.00	(735.00)	5,1 60.00	
Lake/Pond Repair Reserve		5,833.33	(5,833.33)	10,000.00	
Other Physical Environment					
Equipment Rental		2,91 6.67	(2,91 6.67)	5,000.00	
General Liability Insurance	3,723.00	2,91 6.67	806.33	5,000.00	
Property & Casualty Insurance		875.00	(875.00)	1, 500.00	
Auto Insurance		437.50	(437.50)	750.00	
Irrigation	26,286.25	5,833.33	20,452.92	10,000.00	
Landscaping Maintenance & Material	134,432.50	1 27,604. 17 	6,828.33	218,750.00	
Tree Trimming	1 7,000.00	11 ,666.67	5,333.33	20,000.00	
Flower & Plant Replacement	13,344.06	20,41 6.67	(7,072.61)	35,000.00	
Contingency	
	19,953.68	(1 9,953.68)	34,206.31	
Interchange Maintenance Expenses					
IME - Aquatics Maintenance	1,841 .21	1,947.75	(106.54)	3,339.00	
IME - I rrigation	1 ,603.1 1	1 8,375.00	(16,771 .89)	31 ,500.00	
IME - Landscaping	45,045.97	45,045.95	0.02	77,221 .62	
IME - Lighting	1 ,229.45	1,378. 13 	(148.68)	2,362.50	
IME - Miscellaneous	
	459.38	(459.38)	787.50	
IME - Water Reclaimed	446.43	1,837.50	(1 ,391 .07)	3,1 50.00	
New Operational Field Expenses					
Trail Benches	23,333.33	(23,333.33)	40,000.00	
Crosswalk Improvements	58,333.33	(58,333.33)	100,000.00	
Road & Street Facilities					
Entry and Wall Maintenance		7,000.00	(7,000.00)	12,000.00	
Streetlights	6,895.19 	2,91 6.67	3,978.52	5,000.00	
Parks & Recreation					
Personnel Leasing Agreement	770.00	(770.00)	1, 320.00	
Reserves					
Infrastructure Capital Reserve			5,930.56		(5,930.56)		10,166.67	
Interchange Maintenance Reserve	
		1,376.67		(1 ,376.67)		2,360.00	
Total General & Administrative Expenses	$	266,389.24		$	388,542.96		$ (122,1 53.72)		$ 666,073.60	
Total Expenses	$	335,774.64	$	457,376.26	$ {1 21 ,601 .62)	$ 784,073.60	
Income (Loss) from Operations	$	172,272.20	$	(583.33)	$	172,855.53	$	(1 ,000.00)	

Other Income {Expense}								
Interest Income	$	2,276. 11 		$	583.33		$	1 ,692.78		$	1 ,000.00	
Total Other Income (Expense)	$	2,276.11 		$	583.33		$	1,692.78		$	1,000.00	

$ 	1 74,548.31	$	$	174,548.31	$	

Net Income (Loss)

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 04/30/2018 

Jan-18

Feb-18

Mar-1 8

Apr-1 8

I

YTD Actual

$

1 9,81 0.14 

$

94,61 1.07

$

21 ,695.04

1 2,421 .74

$ 1 2,925.09

I

$ 486.251 .80

21 ,695.04

$

19,910.14

1 00.00

$ 94,61 1 .07

$ 34,1 16.78

$ 12,925.09

$ 508,046.84

1 00.00

$

800.00

$

800.00

$	1 ,000.00

$	1 ,000.00   I $	6,200.00
3,250.00

3,333.33

2,051 .25

300.00

3,333.33

300.00

3,333.33

300.00

3,333.33

450.00

23,333   1

8,361 .40

1 ,950.00

250.00
1 ,408.50
1 ,000.00
17.69

4,731 .25

250.

1 ,705.32

4,827.87

9,61 1 .08

1 ,432.00

1,500.00

2,500.00

2,523.00

1 2.61

1 3 3
96.52

2

9.47

62.39

1 7.9

22.6

1 96.25

67.

50

12 

1 96.25

6.00

200.67
1 6.47

1 8.84
84.00

1 5 1

4. 1 7

2

98.7

85 1

36.2

2

5

1 96.25
(16.47)

85 5

. 0

1 ,51 8.26

462.00

1 ,791 .00

1 5

0 .00

1 5

0 .00

1 5

0 .00

1 5

0 .00

7

1 23.22

1 5

3

$	9,542.13	$	6,705.52

$	9,966.56

$	6,695.81

$

69,385.40

7 .00

5

$

68.99

$

$

1 94.19 

$

71 .00 I $
I

464.02

92.75

I

11 ,71 0.30

2,275.00

Oct-1 7	Nov-17	Dec-17

Revenues

Carryforward Revenue

Ofnf--Roll Assessments Money Market Reserve
Other Income & Other Financing Sources
Net Revenues
General & Administrative Expenses Legislative
Supervisor Fees

Financial & Administrative

TPruubslticeeOSffeicrviailcse' sLiability Insurance MEnagniangeerinegnt EDnisgsienmeeinraintgio(nPAubgleicntFacilities Report) PDrisotpreicrttyCAoupnpsraeilser
AAsusdeitssment Administration Arabviteral gae CaPlecrulDaiteiomn TPoesletpahgoen&e Shipping

Bank Fees

LCeogpaiel sAdvertising
MPriospcerlltaynTeaoxuess
WDueebsS, LitieceMnasienste, naanndcFeees
Total General & Administrative Expenses

$   31 ,096.15	$ 31 5,387.61

Field Operations
Electric Utility Services
Electric
Entry Lighting

Water Reclaimed

AMqituigaatitcioCnoAnrteract

Water-Sewer Combination Services Stormwater Control

Lake/Pond Repair Reserve

	1 3.27	1 3.48	1 4.12		38.30	13.58	
	1 ,058.1 4	1 ,307.88	(55.30)		6,985.02	2,41 4.56	
325.00	325.00	325.00	325.00	325.00	325.00	325.00	

$

20,848.97
$  20,848.97

$	800.00
3,250.00
3,333.33

1 ,432.00
2,500.00

 	1 75.00

275.00
1 ,791 .00
123.00

$

13,679.33

$

(20,848.97)
$    1 0,247.18 

$

800.00

38,33631 ..4330

200.00

45.21 

1 3.41

253. 17 

43.50

1  84

123.22

$

1 05.00
13,280.08

$

62.43

$ 315,387.61

$	1 ,000.00

3,343030.003

2,680.00

1 ,669.39
23.00

21 3.9431

7.74

200.67

55.50

1 05.00
$	9,515.97

$	67.41

Page 1 of 2

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 04/30/2018 

Other Physical Environment
Equipment Rental

Oct-17	Nov-17	Dec-17	Jan-18	Feb-18	Mar-18	Apr-18	YTD Actual

3,723.00	3,723.00--

-

650.75	1 83.75	3,81 9.50	4,725.25	7,596.75	9,31 0.25	26,286.25

General Liability Insurance Property & Casualty Insurance Auto Insurance
Irrigation

Tree Trimming	17,000.00	17,000.00

Landscaping Maintenance & Material	17,740.00	17,740.00	17,740.00	17,740.00	17,740.00	27,992.50	17,740.00	1 34,432.50

Contingency

Flower & Plant Replacement	13,344.06	13,344.06-
Interchange Maintenance Expenses

IME - Irrigation	1,603.11	1 ,603.11 

IME - Aquatics Maintenance	263.03	263.03	263.03	263.03	263.03	263.03	263.03	1,841.21

-

IME - Landscaping	6,435.14	6,435.14	6,435. 14	6,435.14	12,870.27	6,435.14	45,045.97

5.00	66.29	67.16	307.98	446.43-

IME - Miscellaneous IME - Water Reclaimed

Trail Benches	-

New Operational Field Expenses

-

Crosswalk Improvements
Road & Street Facilities
Entry and Wall Maintenance

Parks & Recreation

-

Streetlights	731.00	808.50	977.90	81 .25	3,1 81 .78	1,114.76	6,895.1 9
Personnel Leasing Agreement

 	-

Contingency

$

Infrastructure Capital Reserve Interchange Maintenance Reserve

$

Total Field Operations Expenses	$   28,486.17	28,881.87	$   44,452.93	29,712.83	$   23,264.43	$   60,326.84	$   51 ,264.17	$ 266,389.24

Total Expenses	$   42,165.50	$   42,161 .95	$   53,968.90	$   39,254.96	$   29,969.95	$   70,293.40   ---1.....E,.959.98	$  335 774.64
Income (Loss) from Operations	$ (21,316.53)	$ (31,914.77)	$ 261,418.71	$  (19,344.82)	$  64,641 .12	$ (36,176.62)	$ (45,034.89)	$ 172,272.20
Other Income (Expense}

Interest Income	 $	51.16    $	48.55      $	1 75.35      $	58.42      $	49.99      $	1 ,872.82      $	19.82      $	2,276.11 

$

Total Other Income (Expense)	$	51.16	$	48.55	$	1 75.35	$	58.42	$	49.99	$	1 ,872.82	$	19.82	$	2,276.11
Net Income (Loss)	$ (21 ,265.37)	$ (31 ,866.22)	$ 261 ,594.06	$  (19,286.40)	$  64,691.1 1	$ (34,303.80)	(45,015.07)	$ 174,548.31

Page 2 of 2

Myrtle C reek Improvement District Construction Tracking - mid-May

Series 201 6 Bond Issue
Original Construction Fund	$
Additions (Interest, Transfers from DSR, etc.) Cumulative Draws Through Prior Month
Construction Funds Available	$

Requisitions This Month
Requisition #501: Hopping Green & Sams	$

Total  Requisitions This Month	$

Funds Remaining	$

Committed Funding

Performance Drive Phase 3 - August bid and October NTP $

Amount 51 3,425.32
3,1 32.54
-(-2-0-4-,8-9-5-.-3-4)
31 1 ,662.52

-----(3-3-3-.-5-0)
-----(3-3-3-.-5-0)
31 1 , 329.02

----------

Total Committed INet Uncommitted

$	----------
31 1 ,329.02 I

May 14, 201 8