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

The following is the proposed agenda for the upcoming Meeting of the Board of Supervisors for the Myrtle Creek Improvement District which will be held Tuesday, October 20, 2020 at 5:00 p.m. using telephonic conferencing due to the COVID-19 Executive Order 20-246. The proposed agenda for this Board Meeting is found below.
Please use the following information to join the telephonic conferencing:
Phone: 1-844-621-3956 Participant Code:	796 580 192#

BOARD OF SUPERVISORS’ MEETING AGENDA

Organizational Matters
Roll Call to Confirm a Quorum
Public Comment Period
Discussion regarding Executive Order 20-246
Consideration of the Minutes of the September 21, 2020 Board of Supervisors’ Meeting

Business Matters
Matters Pertaining to Local Alternative Mobility Network (“LAMN”)
Presentation Regarding LAMN (provided under separate cover)
Presentation of Preliminary Operation and Maintenance Assessment Methodology Report
Interlocal Agreement Among the District, the Boggy Creek Improvement District, the Greeneway Improvement District, the Myrtle Creek Improvement District and the Poitras East Community Development District Regarding Maintenance of the Greenlink Improvements within the Local Alternative Mobility Network Improvements
Consideration of FY 2020 Audit Engagement Letter (provided under separate cover)
Ratification of Operation and Maintenance Expenditures Paid in September 2020 in an amount totaling $112,528.78
Recommendation of Work Authorization/Proposed Services (if applicable)
Review of District’s Financial Position and Budget to Actual YTD

Other Business
Staff Reports
District Counsel
District Manager
District Engineer
Construction Supervisor
Landscape Supervisor – Landscaping Update
Supervisor Requests
Guiding Principles Discussion

Adjournment

MYRTLE CREEK IMPROVEMENT DISTRICT

Executive Order
20-246

STATE OF FLORIDA
OFFICE OF THE GOVERNOR EXECUTIVE ORDER NUMBER 20-246
(Emergency Management - COVID 19 - Local Government Public Meetings)

WHEREAS, Executive Order 20-69, as extended by Executive Orders 20-112, 20-123, 20-139,

20-150 and amended by Executive Orders 20-179 and 20-193, expires on October 1, 2020, unless extended.
NOW, THEREFORE, I, RON DESANTIS, as Governor of Florida, by virtue of the authority vested in me by Article IV, Section (l)(a) of the Florida Constitution, Chapter 252, Florida Statutes, and all other applicable laws, promulgate the following Executive Order to take immediate effect:
Section 1. I hereby extend Executive Order 20-69, as extended by Executive Orders 20-112, 20-123, 20-139, 20-150 and amended by Executive Orders 20-179 and 20-193, subject to the condition of Section 2 below, until 12:01 a.m. November 1, 2020. This order supersedes Section 4 of Executive Order 20-69.

Section 2. This order shall not apply to election canvassing boards.

ATTEST:

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IN TESTIMONY WHEREOF, I have hereunto

set my hand and caused the Great Seal of the State of Florida to be affixed, at Tallahassee, this

RON DESANTIS, GOVERNOR

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Notice of Meeting Schedule Myrtle Creek Improvement District

The Board of Supervisors of the Myrtle Creek Improvement District will hold its meetings for the Fiscal Year 2021 at the Courtyard Orlando Lake Nona, 6955 Lake Nona Blvd., Orlando, FL 32827 at 5:000 p.m. on the third Tuesday of each month unless otherwise noted below.

October 20, 2020
November 10, 2020
December 15, 2020
January 19, 2021
February 16, 2021
March 16, 2021
April 20, 2021
May 18, 2021
June 15, 2021
July 20, 2021
August 17, 2021
September 21, 2021

While it is necessary to hold the above referenced meeting of the District’s Board of Supervisors utilizing communications media technology due to the current COVID-19 public health emergency, the District fully encourages public participation in a safe and efficient manner. Toward that end, anyone wishing to listen and participate in the meeting can do so telephonically at 1-844-621-3956; Access Code: 796 580 192#. Additionally, participants are encouraged to submit questions and comments to the District Manager in advance at (407) 723-5935 to facilitate the Board’s consideration of such questions and comments during the meeting.

The meeting is open to the public and will be conducted in accordance with the  provisions of Florida law for Community Development Districts. A copy of the agenda for the meeting may be obtained from the District Manager’s office, 12051 Corporate Blvd., Orlando, Florida 32817 or by calling (407) 723-5900. This meeting may be continued to a date, time, and place to be specified on the record at the meeting. There may be occasions when one or more Supervisors will participate by telephone.

Any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Office at (407) 723-5900 at least 48 hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Office.

Each person who decides to appeal any action taken at these meetings is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.

Run date: October 6, 2020

Jennifer Walden District Manager

MYRTLE CREEK IMPROVEMENT DISTRICT

Minutes of the September 21, 2020 Board of Supervisors’ Meeting

MYRTLE CREEK IMPROVEMENT DISTRICT BOARD OF SUPERVISORS’ MEETING MINUTES

FIRST ORDER OF BUSINESS

The Board of Supervisors’ Meeting for the Myrtle Creek Improvement District was called to order on Monday, September 21, 2020, at 5:00 p.m. via telephonic conferencing due to the COVID-19 Executive Order 20-193.

Present via phone:

Bob Da Silva	Chairman
Kam Shenai	Vice-Chair
Kyle Scholl	Assistant Secretary
John Lynaugh	Assistant Secretary
Marsha Leed	Assistant Secretary Also attending via phone:
Jennifer Walden	PFM
Lynne Mullins	PFM
Tucker Mackie	Hopping Green & Sams
Jeff Newton	Donald W. McIntosh Associates, Inc.

SECOND ORDER OF BUSINESS	Public Comment Period

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

THIRD ORDER OF BUSINESS	Discussion	Regarding Executive Order 20-193

Ms. Walden stated the Executive Order is included in the packet which states the District is able to hold their meetings via telephonic conferencing due to the COVID-19 situation. Also included is a proof of the ad that notes the Executive Order as well as the telephonic conferencing information so the public can join.

FOURTH ORDER OF BUSINESS	Consideration of the Minutes of the August 17, 2020, Board of Supervisors’ Meeting

Board Members reviewed the minutes from the August 17, 2020, Board of Supervisors’ Meeting.

On Motion by Mr. Da Silva, second by Mr. Shenai, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved the Minutes of the August 17, 2020, Board of Supervisors’ Meeting.

FIFTH ORDER OF BUSINESS	Consideration of Resolution 2020-13, Re-Setting the Location for the Annual Meeting Schedule.

Ms. Walden noted the District needs to amend the location for the Annual Meeting Schedule as the previously approved location is not ready to open up for the District’s use. The new location is the Courtyard Orlando Lake Nona, 6955 Lake Nona Blvd., Orlando, FL 32827.

Mr. Da Silva asked if there is a fee for moving the location to the Courtyard Orlando Lake Nona. Ms. Walden replied there is a minimal fee. The sister District’s meet prior to this meeting and can split that cost as they have given the District a discount because they are affiliated with Tavistock. Ms. Mullins stated it is $150.00 per meeting and the Districts would divide that cost by four. Ms. Walden requested a motion to approve Resolution 2020-13 as presented.

On Motion by Mr. Scholl, second by Mr. Lynaugh, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved Resolution 2020-13, Re-Setting the Location for the Annual Meeting Schedule to the Courtyard Orlando Lake Nona, 6955 Lake Nona Boulevard, Orlando, Florida 32827.

SIXTH ORDER OF BUSINESS	Ratification of Operation and Maintenance Expenditures paid in August 2020 in an amount totaling $69,541.06

Board Members reviewed the Operation and Maintenance Expenditures paid in August 2020 in an amount totaling $69,541.06

On Motion by Mr. Shenai, second by Mr. Lynaugh, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District ratified the Operation and Maintenance Expenditures paid in August 2020 in an amount totaling $69,541.06.

SEVENTH ORDER OF BUSINESS	Recommendation	of	Work Authorizations/Proposed Services	
Mr. Newton noted there are no work authorizations for this District.	

EIGHTH 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 August 31, 2020. Ms. Walden noted that the District has expenses of $708,500.00 vs. an overall budget of just over
$1,000,000.00. The District is trending to come in under budget for this fiscal Year. While the end of the Fiscal Year is September 30, 2020, the District is still able to incur expenses up to 60 days for the prior fiscal Year. No action is required by the Board.

Mr. Shenai commented on District Irrigation Repairs as the District spent $76,583.00 and the Budget is
$30,000.00. The District asked for reimbursement of $37,500.00. Ms. Walden stated Felix received the email and they are reviewing it and will get back to the District. She has not heard anything back yet.

Mr. Da Silva noted the District should be showing they are incurring that expense and showing the recovery from the County as well. Ms. Mackie noted she will continue to press on the reimbursement.

Mr. Shenai stated on page 23 Payment Authorization number 455 dated August 07, 2020, there are charges that relate to Felix in the range of $18,000.00 and he wondered if they could be connected. Ms. Walden will look into it further, but it may be what the District already sent. Mr. Scholl stated he thinks it is a payment to Cepra Landscape and it is defining the area where the controller is as being within the Felix construction area. Ms. Macke stated this needs to be confirmed by Mr. Thacker given the definition and main line repair item. Ms. Walden will follow up on this item.

NINTH ORDER OF BUSINESS	Staff Reports

District Counsel –	No Report	

District Manager –	
Ms. Walden noted the next meeting is scheduled for Tuesday, October 20, 2020, at 5:00 p.m. The Executive Orders expire at the end of September so the next meeting will take place at the Courtyard Orlando Lake Nona 6955 Lake Nona Boulevard, Orlando, FL 32827 if it is not extended.	

District Engineer –	
No Report	

Construction Supervisor –	
No Report	

District Landscape Supervisor- No Report

TENTH ORDER OF BUSINESS		Supervisor and Audience Comments & Adjournment

Mr. Lynaugh asked about landscaping around the Lift Station that the District Deeded to the City of Orlando. Mr. Scholl stated City does not do any landscape maintenance at the Lift Station and it would be the responsibility of the District or Village Walk depending on where the Lift Station is located. Mr. Newton stated on the North side and the East side of that Lift Station tract is property that is owned by the Village Walk Association. The south side of the tract is property that was conveyed to the School Board. Anything located within the Lake Nona Boulevard right of way the District maintains, which is the west side of the Lift

Station tract. Mr. Lynaugh stated that most of the unmaintained landscape is in the Village Walk Association tract.

Ms. Walden requested a motion to adjourn.

On Motion by Mr. Shenai, second by Mr. Da Silva, with all in favor, the September 21, 2020, meeting of the Board of Supervisors for the Myrtle Creek Improvement District was adjourned.

 	_ 		 	_ 	
Secretary/Assistant Secretary	Chair/Vice Chair

Matters Pertaining to Local Alternative Mobility Network (“LAMN”)

Preliminary Operation and Maintenance Assessment Methodology Report

PRELIMINARY
LOCAL ALTERNATIVE MOBILITY NETWORK
OPERATION & MAINTENANCE ASSESSMENT METHODOLOGY REPORT

October 2020

Prepared for:

Members of the Boards of Supervisors of the Greeneway Improvement District
Boggy Creek Improvement District Myrtle Creek Improvement District
Poitras East Community Development District

Prepared on October 16, 2020

PFM Financial Advisors LLC
12051 Corporate Boulevard
Orlando, FL 32817

PRELIMINARY LOCAL ALTERNATIVE MOBILITY NETWORK OPERATION & MAINTENANCE ASSESSMENT METHODOLOGY REPORT

October 16, 2020

Introduction

Background

The community development districts have been established by the City of Orlando for the purpose of planning, financing, constructing, installing, and/or acquiring certain improvements, facilities and services in conjunction with the development of lands located within the districts: Greeneway Improvement District (“GID”), Boggy Creek Improvement District (“BCID”), Myrtle Creek Improvement District (“MCID”) and the Poitras East CDD (“PECDD”), collectively, the (“Districts”) each of which is associated with its greater Lake Nona development in Orlando, Florida. A brief description of each District is provided herein.

GID: The GID is a community development district created pursuant to Chapter 190, F.S. by the City of Orlando (“City”) Ordinance No. 0302244701 effective on February 24, 2003, as amended. The GID encompasses approximately 1,206 acres. The GID is a mixed-use project with a projected buildout of over 7,000 residential units, 650,000 square feet of non-residential space, 350 hotel rooms, over 1,000 specialty care units and civic space.

BCID: The BCID is a community development district created pursuant to Chapter 190, F.S. by the City of Orlando Ordinance 011126701 as amended, effective October 24, 2016. The BCID encompasses approximately 1,126 acres within the City of Orlando. The BCID is primarily comprised of non-residential commercial uses with a projected buildout of 5.5 million square feet of retail, office, hospital, warehouse and research space along with 450 apartment units and over 2,000 hotel rooms.

MCID: The MCID is a community development district created pursuant to Chapter 190, F.S. by the City of Orlando Ordinance 0602131002 as amended, effective February 13, 2006. The MCID encompasses approximately 1,087 acres within the City of Orlando. The MCID is a mixed-use project with a projected buildout of over 1,700 residential units along with non-residential space totaling more than 250,000 square feet in space associated with the USTA, KPMG and future commercial users along Performance Drive.

PECDD: The PECDD is a community development district created pursuant to Chapter 190, F.S. by the City of Orlando Ordinance 2018-38, effective July 9, 2018. The PECDD encompasses approximately 1,061 acres within the City of Orlando. The PECDD is primarily a residential project with a projected buildout of over 2,200 residential units and over 100,000 square feet of non-residential space.

Tavistock Development, LLC (the “Developer”) is currently in the process of developing plans for a Local Alternative Mobility Network (“LAMN”), detailed in Section 1.3, that will benefit all districts, specifically GID, BCID, MCID and the PECDD and feature the GreenLink, located within the BCID and GID. The LAMN is a significant capital improvement comprising both transportation and regional amenity components, specifically as it relates to the GreenLink and GreenLink Bridge. The LAMN, inclusive of the GreenLink, will also include incremental annual operation and maintenance (“O&M”) expenses. The purpose of this report is to provide the methodology by which the allocation of the GreenLink O&M expense will be allocated among the Districts. LAMN O&M expenses not associated with the GreenLink elements, will be allocated to the respective Districts directly as detailed in the LAMN O&M budget.

Each of the Districts has approved a Master Assessment Methodology (“Master Report”) which allocates special assessments supporting District related bonds (“Debt Assessments”) that specially benefit from each District’s capital improvement plan (“CIP”) using an equivalent residential unit (“ERU”) methodology. Each District allocates Debt Assessments to benefitting property within its District. First, Debt Assessments are assigned to properties that have been the subject of a City of Orlando-approved Specific Parcel Master Plan (“SPMP”) based upon the development units (“Development Units”) outlined in that SPMP. Each type of Development Unit is assigned a specific ERU value. The remaining Debt Assessments are allocated on an equal per-acre basis over the remaining undeveloped properties in the Districts. The same ERU values that are utilized for the basis of assigning Debt Assessments are currently used by each of the Districts as the basis for allocating annual operations and maintenance assessments (“O&M Assessments”). This structure has served each District well and it is reasonable to continue the use this methodology as the foundation for the allocation of the LAMN O&M expenses among each of the Districts’ property owners with the exception of the allocation of the GreenLink O&M expense, as further detailed herein.

Local Alternative Mobility Network Overview

The LAMN is comprised of the following five primary components:

Mobility Network Hub
Full-service hub facility for recreational and commuter users located in Lake Nona Town Center, connecting all modes of transportation and inclusive of restrooms with shower facilities, digital kiosks, seating, bike racks, storage and access to dedicated parking
This element will be owned, operated and maintained by the Developer or other third- party entity; accordingly, it does not comprise a part of the LAMN O&M budget
Autonomous Vehicle Infrastructure
Infrastructure required for the safe and efficient operation of an AV fleet consisting of approximately 20 multi-passenger shuttles on the route network, including dedicated AV stops, shared ROW lanes, dedicated AV lanes and an AV system and its users will have access to the same services for the shared bicycle and electric assist programs to be offered in Lake Nona. This does not include the AV fleet of shuttles, which is not a part of the LAMN O&M budget
Bicycle Transportation Network (BTN)
A bicycle network consisting of three multi-use trail network (MUT) provides commuter and recreational corridors for bicycle and pedestrian users alike. Second, a dedicated commuter way provides destination-oriented commuter paths for higher-speed travel.

Finally, enhanced and expanded on-street dedicated lanes support the travel of bicycle users throughout the community. The BTN is complemented by strategically located supported facilities, called “Recovery Zones,” that allow users to rehydrate, repair, and recover during their journey.
GreenLink
A linear park connecting a dense mixed-use environment with Lake Nona Town Center, displacing a conventional automobile street with a dedicated bicycle commuter way, dedicated AV right of way, and pedestrian paths organized around an exposed stormwater conveyance waterway (see figure below).

GreenLink Bridge
A dedicated bridge over the highly traveled six-lane Lake Nona Boulevard, providing AV, bicycle and pedestrian access to the Lake Nona Town Center and Hub.

Purpose

The GreenLink and GreenLink Bridge within the LAMN represent a combined transportation and regional amenity to the Districts. The GreenLink is a connective linear park and the GreenLink bridge provides alternative mobility options for residents within the Districts. The Districts currently provide for the O&M of certain capital improvements within their respective boundaries. These O&M expenses are funded via the collection of O&M Assessments, which are annual non-ad valorem special assessments. As O&M responsibilities vary over time, the respective District’s O&M expenses and thereby the annual O&M Assessments may vary on an annual basis to meet the respective District’s needs.

This LAMN Operation and Maintenance Expense Assessment Methodology Report (“LAMN O&M Methodology Report”) provides a methodology to allocate the GreenLink-specific annual O&M expenses associated with the LAMN (the “LAMN Greenlink O&M Expenses”) among the Districts. Further, allocation of the GreenLink-specific O&M expenses is consistent with the existing methodologies for each of the Districts as it pertains to the ERU values associated with each Districts’ residential development, non-residential development and vacant acres within the four Districts that receive a special benefit from operation and maintenance activities.

This LAMN O&M Methodology Report contains the recommended O&M assessment methodology (“O&M Methodology”) to be used for allocating the GreenLink-specific annual O&M expenses. This report is designed to conform to the requirements of Chapters 190 and 170, F.S. with respect to special assessments and is consistent with PFM Financial Advisors LLC (“PFM FA” or “Assessment Consultant”) understanding of Florida law on this subject. Table 1 summarizes the preliminary LAMN O&M Expenses at buildout. The estimated gross assessment is based on the preliminary LAMN O&M Budget, and it includes a 4% gross up for an allowance for early payment of assessments. Table 2 summarizes the anticipated budget from 2021 through 2025.

Table 1. Estimated LAMN O&M Buildout Budget (Estimate at Completion & Stabilization)

Project-Item	Annual O&M	Annual O&M (Gross**)	
Recovery Zones & AV Stops*	$427,800		
GreenLink	$978,500		
GreenLink - RZ-5/AV-3	$41,400		
GreenLink - AV-2	$24,700		
GreenLink - AV-14	$500		
GreenLink Bridge	$87,400		
GreenLink Bridge West Approach	$122,700		
GreenLink Bridge East Approach	$122,700		
Total - GreenLink	$1,377,900	$1,435,313	
Total	$1,805,700	$1,880,938	
Source: Tavistock; *Non-GreenLink LAMN O&M expenses will be District specific
**includes a 4% gross up for an allowance for early payment of assessments

Table 2. Preliminary LAMN O&M Greenlink Buildout Budget 2021 - 2025

Fiscal Year	2021	2022	2023	2024	2025	
Annual O&M GreenLink & GreenLink Bridge	$0	$0	$688,950	$1,033,425	$1,377,900	
Gross*	$0	$0	$717,656	$1,076,484	$1,435,313	
Source: Tavistock; *includes a 4% gross up for an allowance for early payment of assessments

Requirements of a Valid Assessment Methodology

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

Assessment Methodology

Overview

This O&M Methodology provides guidance regarding the allocation of the LAMN Greenlink O&M Expenses to the GID, BCID, MCID and PECDD benefiting from the LAMN Greenlink activities as it relates to the transportation and amenity benefits realized by each District. As most of the Districts’ existing annual O&M expenses relate to the O&M of capital improvements funded through the issuance of special assessment bonds, it is appropriate to use the ERU values assigned to land uses for purposes of allocating bond debt service assessments for capital improvements. These ERU units have been approved by each of the Districts’ Boards as representative of the proportionate benefit conferred on properties due to the implementation of the Districts’ CIPs. The ERU values assigned to properties within the Districts are found in each Districts’ associated Master Methodologies. The ERU values have also been used by each of the Districts as the basis for allocating annual O&M expenses. This structure has served each District well and is reasonable to continue the use of these ERU values as the foundation for the allocation of the LAMN GreenLink O&M Expenses among each of the Districts’ property owners.

It’s important to note that each of the Districts is still in the development process, and includes vacant developable acres, and each of the Districts has yet to finalize its full set of land uses. As a result, O&M budget expenses are allocated to the platted development via ERU with the remainder of the budget allocated to the acreage on a per acre basis. As the developable vacant lands are platted and developed, the residential units, commercial square footage and/or other development on these lands will be assessed consistent with each Districts established ERU values.

Summary of Total Development within the Four Districts

The GID, BCID, MCID and PECDD have each established master methodologies detailing master development volumes. Table 3 summarizes the total development volume among all four Districts.

Table 3. Summary of GID, BCID, MCID & PECDD Development Volumes

Residential	
Greeneway ID	
Boggy Creek ID	
Myrtle Creek ID	
Poitras East CDD	
TOTAL	
Single Family Residential (unit)	3,126		780	1,406	5,312	
Townhome (unit)	771		649	525	1,945	
Condominium (unit)	988				988	
Apartment (unit)	2,313	450		306	3,069	
						
Non-Residential						
Hotel (rms / keys)	346	2,250	250		2,846	
Assisted Living Facility (beds)	1,171				1,171	
Retail (Sq.Ft.)	170,099	955,373		55,000	1,180,472	
Office (Sq.Ft.)	136,311	213,993	19,595	55,000	424,899	
Medical Office (Sq.Ft.)	335,956	500,000			835,956	
Medical Research/Campus (Sq.Ft.)		2,375,277			2,375,277	
Civic Space (Sq. Ft.)	58,255				58,255	
Hospital (Sq.Ft. or Beds)		1,420,000			1,420,000	
					0	

Flex (Office/Warehouse) (Sq.Ft.)					0	
		100,000			100,000	
					0	
Tennis Stadium			4,500		4,500	
USTA - tennis courts			102		102	
					0	
Source: PFM Financial Advisors LLC

Allocation of the LAMN GreenLink O&M Budget

The LAMN GreenLink is defined as a transportation and regional amenity to the GID, BCID, MCID and PECDD. The LAMN Greenlink O&M Expenses are associated with both the transportation-related activities of the bridge and road network as well as the linear park amenity activities. An analysis of the LAMN GreenLink O&M Expenses by the Districts’ staff determined that approximately fifty percent (50%) of the LAMN GreenLink O&M Expenses are transportation related and fifty percent (50%) of are amenity related. Using this information, PFM Financial Advisors LLC (“Assessment Consultant”) allocated the preliminary estimated LAMN GreenLink O&M Expenses as summarized in Table 4.

Table 4. Allocation of Estimated O&M Expenses by Category

Category of O&M	LAMN O&M	Description	
Transportation - GreenLink	$688,950	Allocate 50% of GreenLink among four Districts based on Total Trips	
Amenity - GreenLink	$688,950	Allocate 50% of GreenLink among four Districts based on ERUs	
TOTAL - GreenLink	$1,377,900		
Source: District Engineer, PFM Financial Advisors LLC, Developer

Transportation

In the case of the LAMN GreenLink O&M Expenses related to transportation, the total budget is allocated across the four benefitting Districts via the percentage allocation of total trips based on the total development schedule as detailed in each of the Districts’ Master Methodologies. Table 5 summarizes trip rates associated with planned development within each of the four Districts as provided by the Institute of Transportation Engineers (“ITE”), 10th Edition.

Table 5. Summary of ITE Trip Rates

Residential	
ITE Code	
ITE Rate	Description of ITE Unit (e.g. unit, hotel room, per 1,000 sqft,
hospital bed, etc…)	
Single Family Residential (unit)	210 - Single-Family Detached Housing	9.44	Dwelling unit	
Townhome (unit)	230 - Residential Condominium/Townhouse	7.32	Dwelling unit	
Condominium (unit)	230 - Residential Condominium/Townhouse	7.32	Dwelling unit	
Apartment (unit)	220 - Apartment	7.32	Dwelling unit	

Non-Residential	
Hotel (rms / keys)	310 – Hotel	8.36	Rooms	
Assisted Living Facility (beds)	254 - Assisted Living	4.24	Beds	
Retail (Sq.Ft.)	820 - Shopping Center	37.75	1,000 sq.ft.	
Office (Sq.Ft.)	710 - General Office Building	9.74	1,000 sq.ft.	
Medical Office (Sq.Ft.)	720 - Medical-Dental Office Building	34.8	1,000 sq.ft.	
Medical Research/Campus (Sq.Ft.)	760 - Research and Development Center	11.26	1,000 sq.ft.	
Civic Space (Sq. Ft.)	560 - Church	6.95	1,000 sq.ft.	
Hospital (Sq.Ft. or Beds)	610 - Hospital	10.72	1,000 sq.ft.	
	610 – Hospital	22.32	Beds	
	130 - Industrial Park	3.37	1,000 sq.ft.	
Flex (Office/Warehouse) (Sq.Ft.)	AVG	7.91	1,000 sq.ft.	
	770 - Business Park	12.44	1,000 sq.ft.	
Tennis Stadium*	465 - Ice Rink	1.26	Seats	
USTA - tennis courts	490 - Tennis Courts	30.32	Court	
	714 - Corporate Headquarters Building	12.44	1,000 sq.ft.	
Source: Institute of Transportation Engineers, 10th Edition (the listed values are average daily trips (ADT) rather than peak hour trips)
*Source: Institute of Transportation Engineers, 9th Edition (use was most applicable and removed from 10th Edition)

Based on the total development volumes and trip rates, the total trip rates were estimated. Table 6 summarizes the percentage allocation of total trips among the four Districts. Table 7 summarizes the allocation of the LAMN GreenLink O&M Expenses associated with transportation. While it is understood that the GreenLink capital improvement is related to alternative mobility activity; the use of ITE trips rates and the allocation of benefit via total trips for each District represented a reasonable allocation as each District is estimated to benefit directly from the GreenLink based on a capture of alternative mobility trips consistent with the allocation of total trips among the Districts.

Table 6. Summary of Total Trip Rates and Allocation

Residential	Greeneway ID	Boggy Creek ID	Myrtle Creek ID	Poitras East CDD	TOTAL	
Single Family Residential (unit)	29,507	0	7,363	13,273	50,143	
Townhome (unit)	5,641	0	4,751	3,843	14,235	
Condominium (unit)	7,235	0	0	0	7,235	
Apartment (unit)	16,934	3,294	0	2,240	22,468	

Non-Residential	
Hotel (rms / keys)	2,894	18,810	2,090	0	23,794	
Assisted Living Facility (beds)	4,964	0	0	0	4,964	
Retail (Sq.Ft.)	6,421	36,065	0	2,076	44,563	
Office (Sq.Ft.)	1,328	2,084	191	536	4,139	
Medical Office (Sq.Ft.)	11,691	17,400	0	0	29,091	
Medical Research/Campus (Sq.Ft.)	0	26,746	0	0	26,746	
Civic Space (Sq. Ft.)	405	0	0	0	405	
Hospital (Sq.Ft. or Beds)	0	15,222	0	0	15,222	

Flex (Office/Warehouse) (Sq.Ft.)						
	0	791	0	0	791	
						
Tennis Stadium	0	0	5,670	0	5,670	
USTA - tennis courts	0	0	3,093	0	3,093	
						
TOTAL TRIPS	87,020	120,412	23,157	21,968	252,557	
% of TOTAL TRIPS	34.5%	47.7%	9.2%	8.7%	100.0%	
Source: PFM Financial Advisors LLC

Table 7. Transportation - Trip Allocation Among GID, BCID, MCID & PECDD

District	Transportation - Total Trips	% Trips	Trips Allocation	
Greeneway ID	87,020	34.5%	$237,382	
Boggy Creek ID	120,412	47.7%	$328,472	
Myrtle Creek ID	23,157	9.2%	$63,171	
Poitras East CDD	21,968	8.7%	$59,925	
TOTAL	252,557	100.0%	$688,950	
Source: PFM Financial Advisors LLC (via Master Methodologies)

Amenity

In the case of the LAMN GreenLink O&M Expenses associated with the amenity function of GreenLink, the total budget is allocated across the four benefitting Districts based on the percentage allocation of total equivalent residential units (“ERUs”) based on the total development schedule as detailed in each Districts’ Master Methodologies. Table 8 summarizes the allocation of ERUs among the four Districts.

Table 8. Amenity - ERU Allocation Among GID, BCID, MCID & PECDD

District	
Master - ERUs	
Master ERU %	
TOTAL	
Greeneway ID	4,568	32.2%	$221,513	
Boggy Creek ID	5,205	36.6%	$252,403	
Myrtle Creek ID	2,048	14.4%	$99,289	
Poitras East CDD	2,387	16.8%	$115,746	
TOTAL	14,207	100.0%	$688,950	
Source: PFM Financial Advisors LLC (via Master Methodologies)

TOTAL

The resulting allocation of LAMN GreenLink O&M Expenses are summarized in Table 9. It is important to note again that the expenses identified are preliminary in nature and are based off estimated operations and maintenance needs for the GreenLink. They are provided to illustrate how the percentage allocations described herein will be applied.

Table 9. Summary of LAMN GreenLink O&M Allocation

District	Transportation
(trips)	
Amenity (ERUs)		
Greeneway ID	34.5%	32.2%		
Boggy Creek ID	47.7%	36.6%		
Myrtle Creek ID	9.2%	14.4%		
Poitras East CDD	8.7%	16.8%		
TOTAL	100.0%	100.0%		

District	
Transportation
Allocation	
Amenity Allocation	
Total GreenLink
Allocation	% Allocation of LAMN GreenLink
O&M	
Greeneway ID	$237,382	$221,513	$458,895	33.3%	
Boggy Creek ID	$328,472	$252,403	$580,875	42.2%	
Myrtle Creek ID	$63,171	$99,289	$162,460	11.8%	
Poitras East CDD	$59,925	$115,746	$175,671	12.7%	
TOTAL	$688,950	$688,950	$1,377,900	100.0%	
Source: PFM Financial Advisors LLC

MYRTLE CREEK IMPROVEMENT DISTRICT

Interlocal agreement Among the District, the Boggy Creek Improvement District, the Myrtle Creek Improvement District and the Poitras East Community Development District Regarding Maintenance of the Greenlink Improvements within the Local Alternative Mobility Network Improvements

INTERLOCAL AGREEMENT AMONG THE BOGGY CREEK IMPROVEMENT DISTRICT, THE MYRTLE CREEK IMPROVEMENT DISTRICT, THE GREENEWAY IMPROVEMENT DISTRICT, AND THE POITRAS EAST COMMUNITY DEVELOPMENT DISTRICT REGARDING MAINTENANCE OF THE GREENLINK IMPROVEMENTS WITHIN THE LOCAL ALTERNATIVE MOBILITY NETWORK

THIS AGREEMENT is made among the Boggy Creek Improvement District (“Boggy Creek”), the Myrtle Creek Improvement District (“Myrtle Creek”), the Greeneway Improvement District (“Greeneway”), and the Poitras East Community Development District (“Poitras East”), (collectively, the “Districts”), each of which is a special-purpose unit of local government located in the City of Orlando, Florida (this agreement is hereinafter referred to as the “Agreement”).

RECITALS

WHEREAS, the Districts are special-purpose units of local government located entirely within the City of Orlando, Florida, that have been established for the purpose of planning, financing, constructing, installing, and/or acquiring certain improvements, facilities and services in conjunction with the development of lands located within the Districts;

WHEREAS, the Districts are responsible for the maintenance of certain aspects of a Local Alternative Mobility Network, which is located throughout the boundaries of the Districts, as more particularly identified on the map attached hereto and made a part hereof as Exhibit A (the “LAM Network”);

WHEREAS, maintenance and enhancement of the LAM Network provides a benefit to the lands within the Districts;

WHEREAS, a component of the LAM Network consists of a connected multi-modal trail, bridge and linear park improvement, hereinafter referred to as the ‘Greenlink’ within the boundaries of Greeneway and Boggy Creek, the location of which is further identified on Exhibit A;

WHEREAS, as described in more detail in the Preliminary Local Alternative Mobility Network Operation & Maintenance Assessment Methodology Report, dated October , 2020 (“LAMN Methodology”) attached hereto as Exhibit B, all of the Districts benefit from the Greenlink from both a transportation and amenity perspective; accordingly, the Districts desire to share in the operation and maintenance cost associated with the Greenlink at the percentages described in the LAMN Methodology;

WHEREAS, the Districts find that it is mutually advantageous and cost-effective to designate one district as the entity to provide for the maintenance of the Greenlink;

WHEREAS, the District providing the maintenance will have the need for continued staffing and contractual arrangements to be in place to be able to respond to maintenance needs;

WHEREAS, the Districts wish to ensure the timely, efficient and cost-effective provision of maintenance services;

WHEREAS, the Districts find that designation of Boggy Creek as the entity for provision of the staffing and contract coordination for the maintenance of the Greenlink will provide the most efficient and cost-effective way to provide maintenance services;

WHEREAS, it is in the interest of each District to establish intergovernmental relations that encourage, promote and improve the coordination, overall effectiveness and efficiency of governmental activities and services within the boundaries of their respective districts;

WHEREAS, section 163.01, Florida Statutes, known as the “Florida Interlocal Cooperation Act of 1969,” permits local governmental units to make the most efficient use of their powers by enabling them to cooperate with other localities on a basis of mutual advantage and thereby to provide services and facilities in a manner and pursuant to forms of governmental organization that will accord best with geographic, economic, population, and other factors influencing the needs and development of local communities;

WHEREAS, the Districts find this Agreement to be necessary, proper and convenient to the exercise of their powers, duties and purposes authorized by law; and

WHEREAS, the Districts desire to exercise jointly their common powers and authority concerning the cost effective provision of maintenance services; the avoidance of inefficiencies caused by the unnecessary duplication of services; and the clarification of responsibilities, obligations, duties, powers, and liabilities of each of the governmental bodies.

NOW, THEREFORE, in consideration of the recitals, agreements and mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the Districts, the Districts agree as follows:

SECTION 1. RECITALS AND AUTHORITY. The foregoing recitals are true and correct and by this reference are incorporated as a material part of this Agreement. This Agreement is entered into pursuant to the provision of Florida law, including but not limited to Chapters 163, 189, and 190, Florida Statutes, and the Florida Constitution.

SECTION 2. MAINTENANCE. The parties acknowledge that it is in the best interest of the residents and property owners in each District for the Greenlink to be kept in a condition reflecting the quality of development within the Districts. Boggy Creek shall operate and maintain the Greenlink in substantial accordance with maintenance standards utilized by the Districts in existing maintenance agreements. The Districts agree that any or all of the  operations and maintenance of the Greenlink shall be arranged by Boggy Creek.

Contracts. Boggy Creek shall comply with all applicable laws regarding the procurement of goods or services.

Administration. Boggy Creek shall be solely responsible for ensuring adequate administration and inspection of the Greenlink.

Costs. Consistent with the LAMN Methodology, the Financial Consultant for the Districts has calculated each District’s percentage allocation of costs based on factors identified therein. The percentage allocation of costs for the operation and maintenance of the Greenlink is as follows:

 	%
 	%
 	%

Greeneway Myrtle Creek Poitras East

 	%

Boggy Creek

The amounts to be paid by each District for the provision of maintenance services shall be based on these percentages.

Budget. Within seven (7) days after Boggy Creek annually approves its preliminary budget, Boggy Creek shall provide a copy of the preliminary budget to Myrtle Creek, Greeneway, and Poitras East for review. In the event that the total funds budgeted for the use, operation, repair and maintenance of the Greenlink are not clearly identified in the preliminary budget, Boggy Creek shall send a letter accompanying the preliminary budget which sets forth the total amount budgeted for the use, operation, repair and maintenance of the Greenlink, inclusive of any amounts necessary for reserves. If Myrtle Creek, Greeneway and/or Poitras East dispute the total amount budgeted by Boggy Creek, Myrtle Creek, Greeneway and/or Poitras East shall notify Boggy Creek of its concerns. In such event, the Districts agree to cooperate in good faith toward refining the budgeted amount prior to Boggy Creek’s adoption of its final budget. However, nothing herein shall operate to prevent Boggy Creek  from  adopting its final budget in a timely manner.

Payment. At the beginning of the Districts’ fiscal year, Myrtle Creek, Greeneway and/or Poitras East shall have the option of either reimbursing Boggy Creek at the beginning of each fiscal year by making a lump sum payment equal to each District’s percentage share of the projected expenses for the use, operation, repair and maintenance of the Greenlink to Boggy Creek or by making monthly payments equal to each District’s percentage share of the preceding month’s actual expenses for the use, operation, repair and maintenance of the Greenlink to Boggy Creek. However, Boggy Creel may declare the option to reimburse by monthly payments no longer available should a District fail to make monthly payments in a timely manner.

If Myrtle Creek, Greeneway and/or Poitras East opts to make a lump sum payment, on or before October 1 of each fiscal year, the respective District(s) shall make a lump sum payment equal to the percentage allocation identified in 2.3 herein of the projected expenses to be included in Boggy Creek’s adopted final budget for the use, operation, repair and maintenance of the Greenlink to Boggy Creek. At the conclusion of each fiscal year, Greeneway shall compare the actual annual expenses for use, operation, repair and maintenance of the Greenlink with the amount previously paid by the respective Districts for that fiscal year. Based

on this comparison, Boggy Creek shall determine whether there has been an underpayment or an overpayment by any District for the prior fiscal year. If there has been an overpayment, the amount of the overpayment shall be paid to the respective District without interest. If there has been an underpayment, Boggy Creek shall provide the respective District with an invoice for the amount of the underpayment. The respective District shall pay such invoice within thirty (30) days of receipt. If such invoice is paid in full within this thirty-day period, no interest shall accrue on the underpayment.

If Myrtle Creek, Greeneway and/or Poitras East opts to make monthly payments, upon receipt of invoice(s) for expenses incurred in connection with the use, operation, repair and maintenance of the Greenlink, Boggy Creek shall provide the respective District with an invoice requesting payment equal to the respective percentage share identified in 2.3 herein of the actual expenses for the use, operation, repair and maintenance of the Greenlink. The respective District shall pay such invoice within thirty (30) days of receipt.

Unbudgeted Expenses. It is contemplated by the parties that unusual, unbudgeted maintenance events may occur. In such event, the Districts agree to cooperate in good faith in arranging for the repair of the Greenlink and toward allocating cost among the Districts.

Inspection of Records; Payment Disputes. Upon request, Boggy Creek shall make available to Greeneway, Myrtle Creek and Poitras East for review at a reasonable time and place, its books and records with respect to expenses associated with the use, operation, repair and maintenance of the Greenlink. In the event of a dispute between the parties relating to the reimbursement of these expenses, Greeneway, Myrtle Creek and/or Poitras East shall pay the amount requested by Boggy Creek in the time frame set forth above. Greeneway, Myrtle Creek and/or Poitras East shall give written notice accompanying the payment which states it disputes the amount of the payment. Payment in this manner shall not waive the right of Greeneway, Myrtle Creek and/or Poitras East to dispute the correct amount of such required payment.

SECTION 3. INSURANCE. Boggy Creek shall require any contractor selected to provide services relative to the Greenlink to maintain liability and property insurance in amounts customary for the scope of such a maintenance project and shall name each other district as an additional insured.

SECTION 4. LIABILITY LIMITATIONS.  Nothing in this Agreement shall be deemed as  a waiver of immunity or limits of liability of any of the Districts, including their supervisors, officers, agents and employees and independent contractors, beyond any statutory limited waiver of immunity or limits of liability which may have been adopted by the Florida Legislature in section 768.28, Florida Statutes, or other statute, and nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing any claim which would otherwise be barred under the Doctrine of Sovereign Immunity or by operation of law.

SECTION 5. DEFAULT. A default by any District under this Agreement shall entitle the other Districts to all remedies available at law or in equity, which may include, but not be limited to, damages, injunctive relief and specific performance. Each of the parties hereto shall give the

other party written notice of any defaults hereunder and shall allow the defaulting party not less than five (5) days from the date of receipt of such notice to cure monetary defaults and fifteen
(15) days to cure other defaults.

SECTION 6. ENFORCEMENT. In the event that any District seeks to enforce this Agreement by court proceedings or otherwise, then the prevailing party or parties shall be entitled to recover all fees and costs incurred, including reasonable attorneys’ fees and costs for trial, alternative dispute resolution or appellate proceedings.

SECTION 7. CONTROLLING LAW. This Agreement shall be construed and governed in accordance with the laws of the State of Florida.

SECTION 8. SEVERABILITY. In the event any term or provision of this Agreement is determined by appropriate judicial authority to be illegal or otherwise invalid, such provision shall be construed or deleted as such authority determines, and the remainder of this Agreement shall be construed to be in full force and effect.

SECTION 9. AMENDMENT. This Agreement shall not be modified or amended except by written agreement duly executed by the parties hereto.

SECTION 10. INTERPRETATION. This Agreement has been negotiated fully between  the parties as an arms length transaction. All Districts participated fully in the preparation of this Agreement. In the case of a dispute concerning the interpretation of any provision of this Agreement, all Districts are deemed to have drafted, chosen and selected the language, and the doubtful language will not be interpreted or construed against any party.

SECTION 11. TIME OF THE ESSENCE. The Districts each agree that time is of the essence of this Agreement.

SECTION 12. NOTICE. Each District shall furnish to the other such notice, as may be required from time to time, pursuant to this Agreement, in writing, posted in the U.S. mail or by hand delivery, or by overnight delivery service and addressed as follows:

To Boggy Creek:	Boggy Creek Improvement District 12051 Corporate Boulevard
Orlando, Florida 32817 Attn: District Manager	
To Myrtle Creek:	Myrtle Creek Improvement District 12051 Corporate Boulevard
Orlando, Florida 32817 Attn: District Manager	
To Greeneway:	Greeneway Improvement District 12051 Corporate Boulevard
Orlando, Florida 32817	

Attn: District Manager

To Poitras East:	Poitras East Community Development District
12051 Corporate Boulevard
Orlando, Florida 32817 Attn: District Manager

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. If any 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. Any party or other person to whom Notices are to be sent or copied may notify the other parties 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 parties and addressees set forth herein.

SECTION 13. EFFECTIVE DATE. This Agreement and the rights conferred herein shall become effective upon filing with the Clerk of the Circuit Court of Orange County, Florida, in accordance with the requirements of Section 163.01(11), Florida Statutes.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

IN WITNESS WHEREOF the undersigned set their hands as of the 	day of October,
2020.

Attest:	BOGGY CREEK IMPROVEMENT DISTRICT

Secretary/Assistant Secretary	Richard Levey
Chairman, Board of Supervisors

STATE OF FLORIDA COUNTY OF  	

The foregoing instrument was acknowledged before me by means of  physical presence or  online notarization, this             day of 	, 2020, by Richard Levey, as Chairman of the Board of Supervisors of Boggy Creek Improvement District, who appeared before me this day in person, and who is either personally known to me, or produced
 	 as identification.

NOTARY PUBLIC, STATE OF FLORIDA (NOTARY SEAL)	Name: 	
(Name of Notary Public, Printed, Stamped or Typed as Commissioned)

			
Secretary/Assistant Secretary		Bob da Silva	
		Chairman, Board of Supervisors	
STATE OF FLORIDA			
COUNTY OF  				

The foregoing instrument was acknowledged before me by means of  physical presence or  online notarization, this            day of 	, 2020, by Bob da Silva, as Chairman of the Board of Supervisors of Myrtle Creek Improvement District, who appeared before me this day in person, and who is either personally known to me, or produced
 	 as identification.

NOTARY PUBLIC, STATE OF FLORIDA (NOTARY SEAL)	Name: 	
(Name of Notary Public, Printed, Stamped or Typed as Commissioned)

			
Secretary/Assistant Secretary		Richard Levey	
		Chairman, Board of Supervisors	
STATE OF FLORIDA			
COUNTY OF  				

The foregoing instrument was acknowledged before me by means of  physical presence or  online notarization, this             day of 	, 2020, by Richard Levey, as Chairman of the Board of Supervisors of Greeneway Improvement District, who appeared before me this day in person, and who is either personally known to me, or produced
 	 as identification.

NOTARY PUBLIC, STATE OF FLORIDA (NOTARY SEAL)	Name: 	
(Name of Notary Public, Printed, Stamped or Typed as Commissioned)

DISTRICT

			
Secretary/Assistant Secretary		Richard Levey	
		Chairman, Board of Supervisors	
STATE OF FLORIDA			
COUNTY OF  				

The foregoing instrument was acknowledged before me by means of  physical presence or  online notarization, this             day of 	, 2020, by Richard Levey, as Chairman of the Board of Supervisors of Poitras East Community Development District, who appeared before me this day in person, and who is either personally known to me, or produced
 	 as identification.

NOTARY PUBLIC, STATE OF FLORIDA (NOTARY SEAL)	Name: 	
(Name of Notary Public, Printed, Stamped or Typed as Commissioned)

Exhibit A: LAM Network Map
Exhibit B: LAMN Methodology

FY 2020 Audit Engagement Letter
(provided under separate cover)

Operation and Maintenance Expenditures Paid in September 2020 in an amount totaling $112,528.78

MYRTLE CREEK IMPROVEMENT DISTRICT
DISTRICT OFFICE ● 12051 CORPORATE BLVD ● ORLANDO, FL 32817 PHONE: (407) 723-5900 ● FAX: (407) 723-5901

Operation and Maintenance Expenditures For Board Approval

Attached please find the check register listing Operations and Maintenance expenditures paid from September 1, 2020 through September 30, 2020. This does not include expenditures previously approved by the Board.

The total items being presented: $112,528.78

Approval of Expenditures:

 	 Chairman

 	 Vice Chairman

 	 Assistant Secretary

10/10/20	Myrtle Creek Improvement District	Page: 1
10:58:53 AM	AP Check Register (Current by Bank)
Check Dates: 9/1/2020 to 9/30/2020

Check No.	Date	Status*	Vendor ID	Payee Name	Amount	
BANK ID: SUN - CITY NATIONAL BANK			001-101-0000-00-01	
3797	09/01/20	P	CEPRA	Cepra Landscape	$30,950.20	
3798	09/08/20	P	AWC	Aquatic Weed Control, Inc.	$325.00	
3799	09/08/20	P	CEPRA	Cepra Landscape	$5,466.80	
3800	09/08/20	P	DONMC	Donald W. McIntosh Associates	$562.50	
3801	09/08/20	P	DWCOH	DWC Outdoors & Hauling LLC	$5,350.00	
3802	09/15/20	P	TRUSTE	US Bank as Trustee for Myrtle	$3,907.29	
3803	09/17/20	P	CEPRA	Cepra Landscape	$723.00	
3804	09/17/20	P	HGS	Hopping Green & Sams	$1,293.00	
3805	09/17/20	P	PFMGC	PFM Group Consulting	$7,500.00	
3806	09/17/20	P	VGLOBA	VGlobalTech	$250.00	
3807	09/21/20	P	EGIS	Egis Insurance Advisors LLC	$7,505.00	
3808	09/21/20	P	PFMGC	PFM Group Consulting	$3,369.93	
3809	09/21/20	P	TDM	Tavistock Development Mgmt Co	$1,666.67	
3810	09/25/20	P	CEPRA	Cepra Landscape	$22,226.30	
3811	09/25/20	P	JLYNAU	John Peter Lynaugh	$200.00	
3812	09/25/20	P	KSHENA	Kamalakar Shenai	$200.00	
3813	09/25/20	P	KSCHOL	Kyle Scholl	$200.00	
3814	09/25/20	P	LDASIL	Lionel R. Dasilva	$200.00	
3815	09/25/20	P	MLEED	Marsha Leed	$200.00	
		BANK SUN REGISTER TOTAL:	
$92,095.69	
		GRAND TOTAL :	$92,095.69	

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

Payment Authorization #455

sm2020

Item	
Payee	
Invoice	
General	
No.		Number	Fund	

1	
Aquatic Weed Control
August Waterway Service	

49896	

$	325.00	
2	Boggy Creek Improvement District
July 2020 ICM Expenses	
ICM2020-10	
$ 7,069.17	
3	Cepra Landscape
Felix Construction Area - Controller 4 Repairs	
15761	
$ 1,309.72	
	Felix Construction Area - Clock 5 Repairs	15762	$	733.18	
	Felix Construction Area - Clock 6 Repairs	15763	$ 1,212.59	
	Felix Construction Area - Clock 7 Repairs	15764	$ 1,503.71	
	Felix Construction Area - POC #5 Mainline Repair	15765	$10,139.60	
	August Landscaping - Section 1	18137	$ 17,137.50	
4	DWC Outdoors & Hauling			
	Tree Pruning and Structural Integrity	689	$ 17,770.00	
5	Hopping Green & Sams			
	General Counrel Through 06/30/2020	116197	$ 1,853.00	
		
TOTAL	
$59,053.47	

Secretary/Assistant Secretary	Chairperson

Funding Request #069	
8/7/2020					
Item	Payee	Invoice	General	
No.		Number		Fund	

1	
Cepra Landscape				
	Wellspring August Landscaping	18137	$	2,708.00	
	Wellspring July M.I. and Repairs	18279	$	130.40	
		
TOTAL	
$	
2,838.40	

Myrtle Creek Improvement District c/o PFM Group Consulting
12051 Corporate Boulevard
Orlando, FL 32817
(407) 723-5900

Amanda Lane

From:	Larry Kaufmann <lkaufmann@tavistock.com>
Sent:	Saturday, August 8, 2020 10:15 AM
To:	Amanda Lane; AccountsPayable; Damon Ventura
Cc:	Scott Thacker; Chris Wilson
Subject:	RE: Myrtle Creek - FR #69
Attachments:	MCID FR #069.pdf

EXTERNAL EMAIL: Use care with links and attachments.

MCID FR #069 is approved for processing.

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

From: Amanda Lane <lanea@pfm.com>
Sent: Friday, August 7, 2020 11:24 AM
To: AccountsPayable <accountspayable@tavistock.com>; Damon Ventura <dventura@tavistock.com>
Cc: Larry Kaufmann <lkaufmann@tavistock.com>
Subject: Myrtle Creek - FR #69

EXTERNAL E-MAIL
Please see attached for Myrtle Creek FR #69 for $2,838.40. Amanda Lane
Assistant Chief District Accountant

PFM Group Consulting LLC LaneA@pfm.com | web pfm.com
phone 407.723.5900 (direct phone 407.723.5925) | fax 407.723.5901 12051 Corporate Blvd. | Orlando, FL 32817

1

By Amanda Lane at 11:01 am, Sep 01, 2020

Payment Authorization #458
8/28/2020

Item
No.	Payee	Invoice
Number	General
Fund	

1	Cepra Landscape
Controllers 2, 4 Repairs		

18491	

$	674.00	
Plant Replacement		18516	$ 10,430.70	
		
TOTAL	
$11,104.70	

Secretary/Assistant Secretary	Chairperson

By Amanda Lane at 8:33 am, Sep 08, 2020

Payment Authorization #459

9/4/2020

Item	
Payee	
Invoice	
General	
No.		Number	Fund	

1	
Aquatic Weed Control			
	September Waterway Service	50816	$	325.00	
2	Cepra Landscape			
	Mainline Repairs	15765B	$ 4,516.80	
	Sod Replacement	18853	$	950.00	
	September Landscaping - Section 1	19092	$ 17,137.50	
3	Donald W McIntosh Associates			
	Engineering Services Through 08/14/2020	40166	$	562.50	
4	owe Outdoors & Hauling
Tree Pruning and Structural Integr ity	

723	

$ 5,350.00	

5	ouc
Acct: 4782400001 ; Service 08/03/2020 - 09/01/2020		

$ 2,560.88	
		
TOTAL	
$31,402.68	

Secretary/Assistant Secretary	Chairperson

MYRTLE CREEK IMPROVEMENT DISTRICT

Funding Request #070
9/4/2020		
Item No.	Payee	Invoice Number	General Fund	

1	
Boggy Creek Improvement District
Reimbursment for Construction-Related Legal Advertising on Req 169				
		OSC23756905	$	118.26	
2	Cepra Landscape
Wellspring A & B M.I. Repairs Wellspring September Landscaping				
		18839
19092	$
$	253.00
2,708.00	
3	Donald W McIntosh Associates
Wellspring Drive & Performance Drive Engineering Services Through 08/14/2020				
		40165	$	125.00	
		
TOTAL	
$	
3,204.26	

Myrtle Creek Improvement District c/o PFM Group Consulting
12051 Corporate Boulevard
Orlando, FL 32817
(407) 723-5900

Amanda Lane

From:	Larry Kaufmann <lkaufmann@tavistock.com>
Sent:	Saturday, September 5, 2020 12:42 PM
To:	Amanda Lane; AccountsPayable; Damon Ventura
Subject:	RE: Myrtle Creek - FR #70
Attachments:	MCID FR #070.pdf

EXTERNAL EMAIL: Use care with links and attachments.

MCID Funding Req. #70 is approved for processing.

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

From: Amanda Lane <lanea@pfm.com>
Sent: Friday, September 4, 2020 5:12 PM
To: AccountsPayable <accountspayable@tavistock.com>; Damon Ventura <dventura@tavistock.com>
Cc: Larry Kaufmann <lkaufmann@tavistock.com>
Subject: Myrtle Creek - FR #70

EXTERNAL E-MAIL
Please see attached for Myrtle Creek FR #70 for $3,204.26. Amanda Lane
Assistant Chief District Accountant

PFM Group Consulting LLC LaneA@pfm.com | web pfm.com
phone 407.723.5900 (direct phone 407.723.5925) | fax 407.723.5901 12051 Corporate Blvd. | Orlando, FL 32817

1

By Amanda Lane at 4:50 pm, Sep 16, 2020

Payment Authorization #460
9/11/2020

Item
No.	Payee	Invoice
Number	General
Fund	Fiscal
Year	

1	
Boggy Creek Improvement District
August 2020 ICM Expenses	

ICM2020-11	

$ 9,252.83	

FY 2020	
2	Cepra Landscape				
	Controller 9 M.I. and Repairs	18839	$	592.60	FY 2020	
3	Hopping Green & Sams				
	General Counsel Through 07/31/2020	116805	$ 1,293.00	FY 2020	
4	PFM Group Consulting				
	FY 2021 Tax Roll Preparation and Submission	FY21-TR-0020	$ 7,500.00	 	FY2021		
5	VGlobalTech				
	ADA Website Maintenance: August	1852	$	125.00	FY2020	
	ADA Website Maintenance: September	1914	$	125.00	FY2020	
		
TOTAL	
$18,888.43		
					
			11,388.43	FY 2020	
			7,500.00	FY2021	

Secretary/Assistant Secretary	Chairperson

By Amanda Lane at 12:32 pm, Sep 19, 2020

Payment Authorization #461
9/18/2020

Item No.

1	Payee

Egis Insurance & Risk Advisors	Invoice Num·ber	General Fund	Fiscal Year	
	FY 2021 Insurance	11658	$ 7,505.00	 	FY 2021		
2	PFM Group Consulting				
	DM Fee: September 2020 ·	DM-09-2020-0025	$ 3,333.37	FY 2020	
	Mar. FedEx	OE-EXP-00792	$	7.93	FY 2020	
	Apr. FedEx	OE-EXP-00852	$	3.09	FY 2020	
	Jul. Postage	OE-EXP-01020	$	11.50	FY 2020	
	Aug. Reimbursables	OE-EXP-01078	$	14.04	-FY2020	
3	Tavistock Development Manag _e ment				
	September Irrigation Specialist Services	M2020.09	$ 1,666.67	FY 2020	
		
TOTAL	
$12,541.60		
					
			5,036.60	FY 2020	
			7,505.00	FY2021	

 	r		 	
Secretary/Assistant Secretary	Chairperson

By Amanda Lane at 3:56 pm, Sep 25, 2020

Payment Authorization #462
9/25/2020

Item No.

1	Payee

Cepra Landscape	Invoice Number	General Fund	Fiscal Year	
	September Irrigation Repairs	19376	$ 2,380.80	FY 2020	
2	Supervisor Fees - 09/21/2020 Meeting				
	Marsha Leed		$	200.00	FY 2020	
	Kam Shenai		$	200.00	FY2020	
	John Lynaugh		$	200.00	FY 2020	
	Kyle Scholl		$	200.00	FY 2020	
	Bob daSilva		$	200.00	FY 2020	
		
TOTAL	
$ 3,380.80		
			3,380.80	FY 2020	
				FY 2021	

ecretary/Assistant Secretary	Chairperson

Work Authorization/Proposed Services
(if applicable)

District’s Financial Position and Budget to Actual YTD

Statement of Financial Position As of 9/30/2020

Current Assets		

Assets		Projects Fund	
General Checking Account	$268,964.15				
Money Market Account	68,737.65				
State Board of Administration	3,992.82				
Accounts Receivable - Due from Developer	2,961.00				
Assessments Receivable	4,074.13				
Prepaid Expenses	15,005.00				
Deposits	4,300.00				
General Reserve	168,401.33				
Assessments Receivable			$2,848.15		
Debt Service Reserve			335,026.97		
Revenue			858,849.17		
Prepayment			33.82		
Sinking Fund A2 Bond			20,000.00		
Accounts Receivable - Due from Developer				$361.52	
Acquisition/Construction				401,901.11	
Total Current Assets	$536,436.08		$1,216,758.11		$402,262.63	

General Fund	Debt Service

Capital

 

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

Total Assets

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

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

Total Liabilities

Net Assets
Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Net Assets - General Government
Current Year Net Assets - General Government

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Net Assets, Unrestricted Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Total Net Assets

Total Liabilities and Net Assets

 	
$0.00	$0.00

 	
$536,436.08	$1,216,758.11

Liabilities and Net Assets

6,841.22
7,035.13		

$2,848.15	
$20,603.45		$2,848.15	
$0.00		$0.00	
$20,603.45		$2,848.15	

$1,283,393.58
470.90

(1,011,858.54)
243,826.69		

$1,220,074.50 (6,164.54)	
$515,832.63

$536,436.08		$1,213,909.96

$1,216,758.11	

$6,727.10

 	

$0.00

$402,262.63

$361.52 361.52

$723.04

$0.00

$723.04

($417,951.06) 816,043.10
3,447.55

$401,539.59

$402,262.63

General Long- Term Debt		Total	

$0.00

$1,213,909.96 16,041,090.04
$17,255,000.00

$17,255,000.00		

$268,964.15 68,737.65
3,992.82
2,961.00
4,074.13
15,005.00
4,300.00
168,401.33
2,848.15
335,026.97
858,849.17
33.82
20,000.00
361.52
401,901.11
$2,155,456.82

$1,213,909.96 16,041,090.04
$17,255,000.00

$19,410,456.82	

$0.00

$17,255,000.00
$17,255,000.00

$17,255,000.00

$0.00

$17,255,000.00		

$6,727.10 6,841.22
7,035.13
2,848.15
361.52
361.52
$24,174.64

$17,255,000.00
$17,255,000.00

$17,279,174.64

$1,283,393.58
470.90

(1,011,858.54)
243,826.69

1,220,074.50
(6,164.54)

(417,951.06)
816,043.10
3,447.55

$2,131,282.18

$19,410,456.82	

 	  	 

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

Revenues						
On-Roll Assessments	$942,640.57				$942,640.57	
Developer Contributions	63,123.60				63,123.60	
Inter-Fund Transfers In	470.90				470.90	
On-Roll Assessments		$1,335,084.52			1,335,084.52	
Other Assessments		19,671.84			19,671.84	
Inter-Fund Group Transfers In		(1,946.31)			(1,946.31)	
Developer Contributions			$13,720.67		13,720.67	
Inter-Fund Transfers In			1,475.41		1,475.41	
Total Revenues	

$1,006,235.07	

$1,352,810.05	

$15,196.08	

$0.00	

$2,374,241.20	
Expenses						
Supervisor Fees	$10,000.00				$10,000.00	
Public Officials' Liability Insurance	3,331.00				3,331.00	
Trustee Services	7,764.47				7,764.47	
Management	40,000.00				40,000.00	
Engineering	6,619.00				6,619.00	
Dissemination Agent	1,500.00				1,500.00	
Property Appraiser	1,443.00				1,443.00	
District Counsel	19,581.37				19,581.37	
Assessment Administration	7,500.00				7,500.00	
Reamortization Schedules	250.00				250.00	
Audit	4,000.00				4,000.00	
Travel and Per Diem	61.24				61.24	
Postage & Shipping	120.29				120.29	
Legal Advertising	5,238.19				5,238.19	
Miscellaneous	247.42				247.42	
Property Taxes	123.22				123.22	
Web Site Maintenance	3,830.00				3,830.00	
Holiday Decorations	716.00				716.00	
Dues, Licenses, and Fees	175.00				175.00	
Electric	1,168.40				1,168.40	
Entry Lighting	262.70				262.70	
Water Reclaimed	17,910.34				17,910.34	
Aquatic Contract	3,900.00				3,900.00	
General Liability Insurance	3,816.00				3,816.00	
Irrigation	98,141.46				98,141.46	
Landscaping Maintenance & Material	242,002.69				242,002.69	
Landscape Improvements	1,805.50				1,805.50	
Tree Trimming	36,990.00				36,990.00	
Flower & Plant Replacement	34,182.60				34,182.60	
Contingency	3,505.91				3,505.91	

	Projects Fund		Term Debt		
IME - Aquatics Maintenance	3,156.36								3,156.36	
IME - Irrigation	5,881.26								5,881.26	
IME - Landscaping	78,929.94								78,929.94	
IME - Lighting	16,266.74								16,266.74	
IME - Miscellaneous	3,540.61								3,540.61	
IME - Water Reclaimed	481.88								481.88	
Equipment Repair & Maintenance	66,980.00								66,980.00	
Entry and Wall Maintenance	3,623.43								3,623.43	
Streetlights	11,752.68								11,752.68	
Personnel Leasing Agreement	20,000.04								20,000.04	
Principal Payments			$760,000.00						760,000.00	
Interest Payments			606,750.00						606,750.00	
Engineering					$125.00				125.00	
Legal Advertising					899.44				899.44	
Contingency					13,057.75				13,057.75	
Total Expenses	$766,798.74		$1,366,750.00		$14,082.19		$0.00		$2,147,630.93	

General Fund	Debt Service	Capital

General Long-

Total

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$4,861.26								$4,861.26	
Interest Income			$7,775.41						7,775.41	
Interest Income					$2,333.66				2,333.66	
Total Other Revenues (Expenses) & Gains (Losses)	$4,861.26		$7,775.41		$2,333.66		$0.00		$14,970.33	

Change In Net Assets	$244,297.59		($6,164.54)		$3,447.55		$0.00		$241,580.60	

Net Assets At Beginning Of Year	
$271,535.04		
$1,220,074.50		
$398,092.04		
$0.00		
$1,889,701.58	

Net Assets At End Of Year	

$515,832.63		

$1,213,909.96		

$401,539.59		

$0.00		

$2,131,282.18	

Myrtle Creek Improvement District	
Bu	dget to Actual				
For the Month Ending 09/30/2020	

Actual	Budget		

Variance	
FY 2020
Adopted Budget	

Revenues					
On-Roll Assessments	$	942,640.57	$	946,714.70	$	(4,074.13)	$	946,714.70	
Developer Contributions	63,123.60	47,956.00		15,167.60	47,956.00	
Net Revenues	$  1,005,764.17	$	994,670.70	$	11,093.47	$	994,670.70	
General & Administrative Expenses					
Legislative					
Supervisor Fees	$	10,000.00	$	12,000.00	$	(2,000.00)	$	12,000.00	
Financial & Administrative					
Public Officials' Liability Insurance	3,331.00	3,575.00		(244.00)	3,575.00	
Trustee Services	7,764.47	10,000.00		(2,235.53)	10,000.00	
Management	40,000.00	40,000.00		-	40,000.00	
Engineering					
District Engineering	6,619.00	7,500.00		(881.00)	7,500.00	
Wellspring Engineering	-	-		-	-	
Dissemination Agent	1,500.00	7,000.00		(5,500.00)	7,000.00	
Property Appraiser	1,443.00	2,000.00		(557.00)	2,000.00	
District Counsel	19,581.37	25,000.00		(5,418.63)	25,000.00	
Assessment Administration	7,500.00	7,500.00		-	7,500.00	
Reamortization Schedules	250.00	250.00		-	250.00	
Audit	4,000.00	4,000.00		-	4,000.00	
Arbitrage Calculation	-	900.00		(900.00)	900.00	
Travel and Per Diem	61.24	200.00		(138.76)	200.00	
Telephone	-	500.00		(500.00)	500.00	
Postage & Shipping	120.29	1,000.00		(879.71)	1,000.00	
Copies	-	2,000.00		(2,000.00)	2,000.00	
Legal Advertising	5,238.19	6,000.00		(761.81)	6,000.00	
Miscellaneous	247.42	5,000.00		(4,752.58)	5,000.00	
Property Taxes	123.22	150.00		(26.78)	150.00	
Web Site Maintenance	3,830.00	2,700.00		1,130.00	2,700.00	
Holiday Decorations	716.00	1,250.00		(534.00)	1,250.00	
Dues, Licenses, and Fees	175.00	175.00		-	175.00	
Total General & Administrative Expenses	$	112,500.20	$	138,700.00	$	(26,199.80)	$	138,700.00	

Actual		Budget	Variance	FY 2020
Adopted Budget	

Field Operations								
Electric Utility Services								
Electric	$	992.04	$	1,000.00	$	(7.96)	$	1,000.00	
Entry Lighting		262.70		500.00		(237.30)	500.00	
Water-Sewer Combination Services								
Water Reclaimed		16,689.22		25,000.00		(8,310.78)	25,000.00	
Stormwater Control								
Aquatic Contract		3,900.00		5,160.00		(1,260.00)	5,160.00	
Lake/Pond Repair Reserve		-		5,000.00		(5,000.00)	5,000.00	
Other Physical Environment								
General Liability Insurance		3,816.00		4,250.00		(434.00)	4,250.00	
Property & Casualty Insurance		-		1,500.00		(1,500.00)	1,500.00	
Auto Insurance		-		750.00		(750.00)	750.00	
Irrigation Repairs								
District Irrigation Repairs		89,295.50		30,000.00		59,295.50	30,000.00	
Wellspring Irrigation Repairs		8,845.96		5,000.00		3,845.96	5,000.00	
Landscaping Maintenance & Material							
District Landscaping		205,650.00		238,146.00	(32,496.00)	238,146.00	
Gateway Road Landscaping		434.39		473.88		(39.49)	473.88	
Wellspring Landscaping		35,918.30		37,956.00		(2,037.70)	37,956.00	
Other Landscape Maintenance		1,805.50		63,814.60	(62,009.10)	63,814.60	
Tree Trimming		36,990.00		40,000.00		(3,010.00)	40,000.00	
Flower & Plant Replacement							
District Flower & Plant Replacement		20,690.70		110,000.00	(89,309.30)	110,000.00	
Wellspring Flower & Plant Replacement		13,491.90		-		13,491.90	-	
Contingency		1,930.00		10,000.00		(8,070.00)	10,000.00	
Hurricane Cleanup		-		30,000.00	(30,000.00)	30,000.00	
Wellspring Blvd./Performance Drive Expenses								
WSPD - Lighting		176.36		-		176.36	-	
WSPD - Miscellaneous		1,575.91		5,000.00		(3,424.09)	5,000.00	
WSPD - Water Reclaimed		1,221.12		-		1,221.12	-	

Interchange Maintenance Expenses				Adopted Budget	
IME - Aquatics Maintenance	3,156.36	3,339.00	(182.64)	3,339.00	
IME - Irrigation Repairs	5,881.26	9,450.00	(3,568.74)	9,450.00	
IME - Landscaping	78,929.94	76,358.52	2,571.42	76,358.52	
IME - Lighting	16,266.74	19,384.61	(3,117.87)	19,384.61	
IME - Miscellaneous	3,540.61	1,453.73	2,086.88	1,453.73	
IME - Water Reclaimed	481.88	2,907.69	(2,425.81)	2,907.69	
New Operational Field Expenses					
Trail Repair	66,980.00	50,000.00	16,980.00	50,000.00	
Crosswalk Improvements	-	30,000.00	(30,000.00)	30,000.00	
Road & Street Facilities					
Entry and Wall Maintenance	3,623.43	10,000.00	(6,376.57)	10,000.00	
Streetlights	11,752.68	15,000.00	(3,247.32)	15,000.00	
Parks & Recreation
Personnel Leasing Agreement	
20,000.04	
20,000.00	
0.04	
20,000.00	
Reserves
Infrastructure Capital Reserve	
10,166.67	
10,166.67	
-	
10,166.67	
Interchange Maintenance Reserve	2,360.00	2,360.00	-	2,360.00	

Actual	Budget	Variance

FY 2020

Total Field Operations Expenses	$	666,825.21	$	863,970.70		$	(197,145.49)		$	863,970.70	

Total Expenses	
$	
779,325.41	
$ 1,002,670.70		
$	
(223,345.29)		
$	
1,002,670.70	
Income (Loss) from Operations	$	226,438.76	$	(8,000.00)		$	234,438.76		$	(8,000.00)	

Other Income (Expense)												
Interest Income	$	4,861.26		$	8,000.00		$	(3,138.74)		$	8,000.00	
Total Other Income (Expense)	$	4,861.26	$	8,000.00		$	(3,138.74)		$	8,000.00	
Net Income (Loss)	$	231,300.02	$	-		$	231,300.02		$	-	

	Oct-19		Nov-19		Dec-19		Jan-20			Feb-20		Mar-20			Apr-20		May-20			Jun-20			Jul-20			Aug-20			Sep-20	YTD Actual	

$	
-		
$ 85,893.10		
$ 393,929.28		
$ 260,250.35		
$	
34,420.33		
$ 107,698.45		
$	
17,755.71		
$ 8,016.72		
$	
15,793.72		
$	
10,505.85		
$	
5,618.30		
$	
2,758.76	
$ 942,640.57	
	-		-		15,483.40		3,742.26			-		24,965.70			3,344.80		2,708.00			6,179.08			2,856.91			834.61			3,008.84	63,123.60	
$	-		$ 85,893.10		$ 409,412.68		$ 263,992.61		$	34,420.33		$ 132,664.15		$	21,100.51		$ 10,724.72		$	21,972.80		$	13,362.76		$	6,452.91		$	5,767.60	$ 1,005,764.17	

$	
-		
$ 2,000.00		
$ 1,000.00		
$	800.00		
$	
800.00		
$	-		
$	
800.00		
$ 1,000.00		
$	
1,000.00		
$	
800.00		
$	
800.00		
$	
1,000.00	
$	10,000.00	
	3,331.00		-		-		-			-		-			-		-			-			-			-			-	3,331.00	
	-		7,764.47		-		-			-		-			-		-			-			-			-			-	7,764.47	
	-		3,333.33		3,333.33		6,666.66			3,333.33		3,333.33			3,333.33		3,333.33			3,333.33			3,333.33			3,333.33			3,333.37	40,000.00	
	-		-		-		-			3,056.50		375.00			687.50		625.00			625.00			375.00			312.50			562.50	6,619.00	
	-		-		-		-			-		-			-		-			-			-			-			-	-	
	-		-		-		-			-		-			-		-			1,500.00			-			-			-	1,500.00	
	-		1,443.00		-		-			-		-			-		-			-			-			-			-	1,443.00	
	-		-		1,199.06		2,091.53			1,215.50		1,378.13			3,102.38		3,345.34			1,683.93			1,503.00			1,853.00			2,209.50	19,581.37	
	7,500.00		-		-		-			-		-			-		-			-			-			-			-	7,500.00	
	-		-		-		-			-		-			-		-			-			250.00			-			-	250.00	
	-		-		-		-			-		-			2,500.00		-			1,500.00			-			-			-	4,000.00	
	-		-		-		-			-		-			-		-			-			-			-			-	-	
	-		-		-		-			54.15		7.09			-		-			-			-			-			-	61.24	
	-		-		-		-			-		-			-		-			-			-			-			-	-	
	-		-		14.00		-			27.97		-			-		25.36			-			16.40			-			36.56	120.29	
	-		-		-		-			-		-			-		-			-			-			-			-	-	
	-		200.00		448.75		866.26			181.25		196.25			-		1,065.01			166.25			692.50			1,086.92			335.00	5,238.19	
	-		-		-		-			-		-			-		2.39			38.79			3.24			199.73			3.27	247.42	
	105.00		18.22		-		-			-		-			-		-			-			-			-			-	123.22	
	-		105.00		-		-			-		-			-		300.00			-			3,175.00			-			250.00	3,830.00	
			716.00		-		-			-		-			-		-			-			-			-			-	716.00	
	175.00		-		-		-			-		-			-		-			-			-			-			-	175.00	
$	11,111.00		$ 15,580.02		$ 5,995.14		$ 10,424.45		$	8,668.70		$ 5,289.80		$	10,423.21		$ 9,696.43		$	9,847.30		$	10,148.47		$	7,585.48		$	7,730.20	$ 112,500.20	

$	

-		

$	89.88		

$	90.62		

$	91.13		

$	

90.83		

$	90.09		

$	

91.03		

$	88.52		

$	

92.20		

$	

88.72		

$	

90.40		

$	

88.62	

$	992.04	
	-		48.97		21.63		21.38			21.63		21.15			21.50		20.77			21.63			21.15			21.63			21.26	262.70	
	-		2,003.82		1,427.45		1,626.20			322.23		1,070.75			2,143.78		2,376.45			2,495.17			716.62			1,308.23			1,198.52	16,689.22	
	325.00		325.00		325.00		325.00			325.00		325.00			325.00		325.00			325.00			325.00			325.00			325.00	3,900.00	
	-		-		-		-			-		-			-		-			-			-			-			-	-	
	3,816.00		-		-		-			-		-			-		-			-			-			-			-	3,816.00	
	-		-		-		-			-		-			-		-			-			-			-			-	-	
	-		-		-		-			-		-			-		-			-			-			-			-	-	
	2,362.80		2,130.00		1,635.00		5,940.68			3,014.10		20,175.20			4,152.80		5,720.00			11,801.32			4,078.00			15,572.80			12,712.80	89,295.50	
	-		581.50		-		1,985.66			870.00		2,978.80			-		1,687.60			-			359.00			130.40			253.00	8,845.96	
		
	17,137.50		17,137.50		17,137.50		-			34,275.00		17,137.50			17,137.50		17,137.50			17,137.50			17,137.50			17,137.50			17,137.50	205,650.00	
	-		39.49		39.49		39.49			39.49		39.49			39.49		39.49			39.49			39.49			39.49			39.49	434.39	
	2,708.00		2,708.00		2,708.00		2,905.50			5,932.80		2,708.00			2,708.00		2,708.00			2,708.00			2,708.00			2,708.00			2,708.00	35,918.30	
	-		-		905.00		118.50			-		-			-		-			782.00			-			-			-	1,805.50	
	-		-		3,870.00		-			-		-			-		-			-			-			27,770.00			5,350.00	36,990.00	
	-		-		6,690.00		-			-		-			-		-			-			2,620.00			10,430.70			950.00	20,690.70	
	-		10,991.90		2,500.00		-			-		-			-		-			-			-			-			-	13,491.90	

Revenues
On-Roll Assessments Developer Contributions
           
Net Revenues
General & Administrative Expenses Legislative
Supervisor Fees
Financial & Administrative
Public Officials' Liability Insurance Trustee Services
Management Engineering
District Engineering Wellspring Engineering
Dissemination Agent Property Appraiser District Counsel
Assessment Administration Reamortization Schedules Audit
Arbitrage Calculation Travel and Per Diem Telephone
Postage & Shipping Copies
Legal Advertising Miscellaneous Property Taxes
Web Site Maintenance Holiday Decorations Dues, Licenses, and Fees
   	 	
Total General & Administrative Expenses

Field Operations
Electric Utility Services
Electric
Entry Lighting
Water-Sewer Combination Services
Water Reclaimed
Stormwater Control
Aquatic Contract Lake/Pond Repair Reserve
Other Physical Environment General Liability Insurance Property & Casualty Insurance Auto Insurance
Irrigation
District Irrigation Wellspring Irrigation
Landscaping Maintenance & Material District Landscaping
Gateway Road Landscaping Wellspring Landscaping
Other Landscape Maintenance Tree Trimming
Flower & Plant Replacement
District Flower & Plant Replacement Wellspring Flower & Plant Replacement

Oct-19

-
-		Nov-19

-
-		Dec-19

-
-		Jan-20

-
-			Feb-20

-
-			Mar-20

1,405.00
-		Apr-20

-
-		May-20

-
-			Jun-20

-
-		Jul-20

525.00
-		Aug-20

-
-			Sep-20

-
-	YTD Actual

1,930.00
-	
-
-
-		-
-
-		-
-
-		-
-
-			-
-
-			-
-
-		-
-
-		48.26
1,427.00
305.83			32.26
148.91
440.06		31.74
-    135.46		32.15
-    186.32			31.95
-    153.45	176.36
1,575.91
1,221.12	

263.03
756.00
6,363.21
51.98
-
-

-
-

-
-

-

-
-
$  33,783.52

   $  44,894.52 

$ (44,894.52)

$	28.18
$	28.18

$ (44,866.34)		
263.03
1,168.45
6,363.21
73.55
2,356.20
63.47

-
-

223.43
1,129.82

-

-
-
$  47,697.22

   $  63,277.24 

$  22,615.86

$	23.75
$	23.75

$  22,639.61		
263.03
126.79
6,661.83
65.63
992.25
42.60

-
-

2,900.00
1,048.57

5,000.01

-
-
$   54,450.40

  $   60,445.54 

$ 348,967.14

$	505.44
$	505.44

$ 349,472.58		
263.03
- 6,363.21
13,175.93
- 118.79

-
-

250.00
1,063.81

1,666.67

-
-
$   35,954.98

  $   46,379.43 

$ 217,613.18

$	36.68
$	36.68

$ 217,649.86			
263.03
170.83
8,636.01
51.13
- (77.93)

66,980.00
-

- 1,063.81

1,666.67

-
-
123,644.63

132,313.33 

(97,893.00)

29.31
29.31

(97,863.69)			
263.03
212.23
6,363.21
54.74
96.08
35.65

-
-

- 1,063.81

1,666.67

-
-
55,706.40

60,996.20 

71,667.95

3,451.12
3,451.12

75,119.07		
263.03
-
- 2,534.86
- 91.72

-
-

- 1,063.81

1,666.67

-
-
$  32,239.19

   $  42,662.40 

$ (21,561.89)

$	29.45
$	29.45

$ (21,532.44)		
263.03
475.29
12,726.42
39.62
- 65.52

-
-

- 1,063.81

1,666.67

-
-
$  48,184.78

   $  57,881.21 

$ (47,156.49)

$	26.21
$	26.21

$ (47,130.28)			
263.03
144.74
6,363.21
45.19
- 73.15

-
-

- 1,063.81

1,666.67

-
-
45,643.34

55,490.64 

(33,517.84)

538.13
538.13

(32,979.71)		
263.03
356.73
6,363.21
39.75
- 6.96

-
-

250.00
1,063.81

1,666.67

-
-
$  38,795.84

   $  48,944.31 

$ (35,581.55)

$	64.44
$	64.44

$ (35,517.11)		
263.03
2,470.20
6,363.21
82.99
- 33.91

-
-

- 1,063.81

1,666.67

-
-
$   87,696.44

  $   95,281.92 

$ (88,829.01)

$	24.79
$	24.79

$ (88,804.22)			
263.03
- 6,363.21
51.37
96.08
28.04

-
-

- 1,063.81

1,666.67

10,166.67
2,360.00
63,028.47

70,758.67 

(64,991.07)

103.76
103.76

(64,887.31)	
3,156.36
5,881.26
78,929.94
16,266.74
3,540.61
481.88

66,980.00
-

3,623.43
11,752.68

20,000.04

10,166.67
2,360.00	
								$

  $ 

$

$
$

$			$

   $ 

$

$
$

$							$

   $ 

$

$
$

$							$

   $ 

$

$
$

$		$     666,825.21

$     779,325.41	
																											
$     226,438.76

$	4,861.26	
																											$	4,861.26	
																											$ 231,300.02	

Contingency Hurricane Cleanup
Wellspring Blvd./Performance Drive Expenses
WSPD - Lighting WSPD - Miscellaneous
WSPD - Water Reclaimed
Interchange Maintenance Expenses
IME - Aquatics Maintenance IME - Irrigation
IME - Landscaping IME - Lighting
IME - Miscellaneous IME - Water Reclaimed
New Operational Field Expenses
Trail Repair
Crosswalk Improvements
Road & Street Facilities
Entry and Wall Maintenance Streetlights
Parks & Recreation
Personnel Leasing Agreement
Contingency
Infrastructure Capital Reserve Interchange Maintenance Reserve
    	  	 
Total Field Operations Expenses

Total Expenses
Income (Loss) from Operations Other Income (Expense)
Interest Income
Total Other Income (Expense)
           
Net Income (Loss)

Myrtle Creek Improvement District Cash Flow

FY20 Inflows	FY20 Outflows	FY21 Inflows	FY21 Outflows	End. Cash	

27,950.70	
(37,128.30)	
-	
-	
169.16	
208,651.64	(6,696.58)	-	-	202,124.22	
970,566.18	(503,270.11)	-	-	667,658.20	
632,702.33	(689,983.21)	-	-	610,377.32	
83,178.07	(124,798.94)	-	-	568,756.45	
301,145.63	(86,667.64)	-	-	783,234.44	
46,912.16	(255,014.26)	-	-	575,132.34	
22,085.63	(87,262.26)	-	-	509,955.71	
44,952.52	(88,163.16)	-	-	466,745.07	
28,435.00	(56,456.85)	-	-	438,723.22	
14,415.58	(77,498.40)	-	-	375,640.40	
9,759.82	(101,431.07)	-	(15,005.00)	268,964.15	
-	-	-	-	268,964.15 as of 10/09/2020	

Beg. Cash

10/1/2019	2,681.76	
11/1/2019	169.16	
12/1/2019	202,124.22	
1/1/2020	667,658.20	
2/1/2020	610,377.32	
3/1/2020	568,756.45	
4/1/2020	783,234.44	
5/1/2020	575,132.34	
6/1/2020	509,955.71	
7/1/2020	466,745.07	
8/1/2020	438,723.22	
9/1/2020	375,640.40	
10/1/2020	268,964.15	

FY 20 Totals	2,390,755.26	(2,121,517.78)	-	(15,005.00)

Myrtle Creek Improvement District Construction Tracking - early October

Amount
Series 2016 Bond Issue
Original Construction Fund	$	513,425.32 Additions (Interest, Transfers from DSR, etc.)		219,865.22
Cumulative Draws Through Prior Month	(331,389.43)
==========
Construction Funds Available	$	401,901.11

Requisitions This Month
==========
Total Requisitions This Month	$	-
==========
Funds Remaining	$	401,901.11

Committed Funding
Performance Drive Phase 3 - August bid and October NTP  $	-
==========

Total Committed	$	-	
		==========	
Net Uncommitted		401,901.11	

September 8, 2020