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 (“District”), scheduled to be held at 5:00 p.m. on Tuesday, March 16, 2021 at Courtyard Orlando Lake Nona, 6955 Tavistock Lakes Blvd, Orlando, FL 32827. A quorum will be confirmed prior to the start of the meeting.

Please use the following information to join via the computer or the conference line:

Phone: 1-844-621-3956	Computer: pfmgroup.webex.com	Participant Code: 796 580 192#

BOARD OF SUPERVISORS’ MEETING AGENDA

Organizational Matters
Roll Call to Confirm a Quorum
Public Comment Period
Consideration of the Minutes of the February 16, 2021 Board of Supervisors’ Meeting

Business Matters
Review of Fiscal Year 2022 Operations and Maintenance Budget
Consideration of Agreement with Bryant Miller Olive for Bond Counsel Services
Ratification of Operation and Maintenance Expenditures Paid in February 2021 in an amount totaling $64,919.89
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 – Introduction of New Supervisor
Irrigation Supervisor
Supervisor Requests

Adjournment

MYRTLE CREEK IMPROVEMENT DISTRICT

Minutes of the February 16, 2021 Board of Supervisors’ Meeting

MYRTLE CREEK IMPROVEMENT DISTRICT BOARD OF SUPERVISORS’ MEETING MINUTES

FIRST ORDER OF BUSINESS

The Board of Supervisors’ Meeting for the Myrtle Creek Improvement District was called to order on Tuesday, February 16, 2021, at 5:00 p.m. at Courtyard Orlando Lake Nona, 6955 Tavistock Lakes Blvd, Orlando, FL 32827.

Present:

Bob da Silva	Chairman		
Kyle Scholl	Assistant Secretary	(via phone @ 5:01 p.m.)	
John Lynaugh	Assistant Secretary		
Marsha Leed	Assistant Secretary		
Also attending:			
Jennifer Walden	PFM		
Lynne Mullins	PFM	(via phone)	
Tucker Mackie	Hopping Green & Sams	(via phone)	
Deb Sier	Hopping Green & Sams	(via phone)	
Jeff Newton	Donald W. McIntosh Associates	(via phone)	
Larry Kaufmann	Construction Supervisor & Construction Committee Member	
		(via phone)	
Scott Thacker	District Landscape Supervisor	(via phone @ 5:03 p.m.)	

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	Consideration of the Minutes of the January 19, 2021, Board of Supervisors’ Meeting

Mr. Scholl joined the meeting via phone at 5:01 p.m.

Board Members reviewed the minutes from the January 19, 2021, Board of Supervisors’ Meeting.

On Motion by Mr. da Silva, second by Mr. Lynaugh, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved the Minutes of the January 19, 2021, Board of Supervisors’ Meeting.

FOURTH ORDER OF BUSINESS	Ratification of Operation and Maintenance Expenditures Paid in January 2021 in an amount totaling $40,798.41

Board Members reviewed Operation and Maintenance Expenditures Paid in January 2021 in an amount totaling $40,798.41. These have already been approved and just need to be ratified by the Board.

On Motion by Ms. Leed, 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 January 2021 in an amount totaling $40,798.41.

FIFTH ORDER OF BUSINESS	Recommendation	of	Work	
Authorization/Proposed	
	Services			

There were no work authorizations for the Board.				

SIXTH 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 January. The District has total expenses of $208,500.00 vs a budget of $919,000.00. No action is required by the Board.

District staff is continuing to keep an eye on the irrigation repairs line item as it is trending over budget.

SEVENTH ORDER OF BUSINESS	Staff Reports

District Counsel –	Mr. Lynaugh asked Ms. Mackie if she knew if the Governor is going to
extend the State of Emergency past the end of February. Ms. Mackie replied she does not have any additional information regarding the State of Emergency. A prior Executive Order waived the requirements that the District hold a physical quorum for purposes of conducting its meetings but that is no longer in place. Ms. Mackie does not expect it to be reinstated.

District Manager –	Ms. Walden noted the next meeting is scheduled for Tuesday, March 16,
2021, which is Spring Break week. Mr. Scholl will email Ms. Walden and let her know if he will be in town or if he will need to call in to the meeting.

Ms. Walden noted there are excess funds in the Myrtle Creek ID 2016 Reserve   Account   in   the   amount   of   $1,835.77.   Per   the   second

Supplemental Trust Indenture, excess funds due to income earnings can be applied as directed by the District. Back in October 2019, the District directed the Trustee to remit those funds to be held with the District’s Reserve monies. She asked for direction from the Board. The Board directed the Trustee to leave the excess funds in the Myrtle Creek ID 2016 Reserve Account to accrue more interest.

District Engineer –	No Report	

Construction Supervisor –	
A Board Member asked Mr. Kauffmann for an update on the School District’s plan for the sidewalk on the Village Walk side of Lake Nona Boulevard. Mr. Kaufmann answered he spoke with the School District who sent him a site plan and they will be putting in a sidewalk. Mr. Kaufmann
will send the site plan to Ms. Walden who will send it to Mr. Lynaugh.	

District Landscape Supervisor- No Report

EIGHTH ORDER OF BUSINESS		Supervisor and Audience Comments & Adjournment

There were no Supervisor requests or audience comments, so Ms. Walden requested a motion to adjourn.

On Motion by Mr. Lynaugh, second by Mr. da Silva, with all in favor, the February 16, 2021, meeting of the Board of Supervisors for the Myrtle Creek Improvement District was adjourned.

 	_ 		 	_ 	
Secretary/Assistant Secretary	Chair/Vice Chair

MYRTLE CREEK IMPROVEMENT DISTRICT

Fiscal Year 2022 Operations & Maintenance Budget

Myrtle Creek Improvement District
FY 2022 Proposed O&M Budget

Actual Through 02/28/2021

Anticipated 03/2021 -

Anticipated FY	FY 2021 Adopted	FY 2022	
2021 Total	Budget	Proposed Budget	

09/2021

Revenues

On-Roll Assessments	$	560,990.45	$	297,811.35	$	858,801.80	$	858,801.80	$	858,801.80	
Developer Contributions		17,264.14		32,444.41		49,708.55		52,496.00		60,319.50	
Carryforward Revenue		-		-		-		-		152,707.58	
Net Revenues	$	578,254.59	$	330,255.76	$	908,510.35	$	911,297.80	$	1,071,828.88	
General & Administrative Expenses											
Legislative											
Supervisor Fees	$	3,800.00	$	7,000.00	$	10,800.00	$	12,000.00	$	12,000.00	
Financial & Administrative											
Public Officials' Liability Insurance		3,498.00		-		3,498.00		4,000.00		4,000.00	
Trustee Services		7,436.91		-		7,436.91		10,000.00		10,000.00	
Management		16,666.65		23,333.35		40,000.00		40,000.00		40,000.00	
District Engineering		2,910.50		4,074.70		6,985.20		10,000.00		10,000.00	
Dissemination Agent		-		7,000.00		7,000.00		7,000.00		7,000.00	
Property Appraiser		1,443.00		-		1,443.00		2,000.00		2,000.00	
District Counsel		5,704.30		7,986.02		13,690.32		25,000.00		25,000.00	
Assessment Administration		7,500.00		-		7,500.00		7,500.00		7,500.00	
Reamortization Schedules		-		250.00		250.00		250.00		250.00	
Audit		-		3,625.00		3,625.00		4,000.00		4,000.00	
Arbitrage Calculation		-		900.00		900.00		900.00		900.00	
Travel and Per Diem		13.94		19.52		33.46		300.00		300.00	
Telephone		-		29.17		29.17		50.00		50.00	
Postage & Shipping		57.79		80.91		138.70		1,000.00		1,000.00	
Copies		-		1,166.67		1,166.67		2,000.00		2,000.00	
Legal Advertising		1,388.76		1,944.26		3,333.02		6,500.00		6,500.00	
Bank Fees		-		-		-		-		360.00	
Miscellaneous		53.22		74.51		127.73		12,000.00		12,000.00	
Office Supplies		-		-		-		-		250.00	
Property Taxes		2,147.39		-		2,147.39		150.00		2,500.00	
Web Site Maintenance		925.00		1,775.00		2,700.00		2,700.00		2,700.00	
Holiday Decorations		500.00		-		500.00		1,250.00		1,250.00	
Dues, Licenses, and Fees		175.00		-		175.00		175.00		175.00	
Total General & Administrative	$	54,220.46	$	59,259.10	$	113,479.56	$	148,775.00	$	151,735.00	
Expenses											

Myrtle Creek Improvement District
FY 2022 Proposed O&M Budget

	Actual Through 02/28/2021	Anticipated 03/2021 -
09/2021	Anticipated FY 2021 Total	FY 2021 Adopted Budget	FY 2022
Proposed Budget	
Field Operations						
Electric Utility Services						
Electric	$	354.08	$	495.71	$	849.79	$	1,500.00	$	1,500.00	
Entry Lighting	85.04	119.06	204.10	500.00	500.00	
Water-Sewer Combination Services						
Water Reclaimed	8,014.32	11,220.05	19,234.37	25,000.00	20,000.00	
Stormwater Control						
Aquatic Contract	1,625.00	2,275.00	3,900.00	4,000.00	4,000.00	
Lake/Pond Repair Reserve	-	5,000.00	5,000.00	5,000.00	5,000.00	
Other Physical Environment						
General Liability Insurance	4,007.00	-	4,007.00	4,500.00	4,500.00	
Property & Casualty Insurance	-	-	-	1,700.00	1,700.00	
Auto Insurance	-	-	-	500.00	500.00	
Irrigation Repairs						
District Irrigation Repairs	24,327.94	34,059.12	58,387.06	30,000.00	45,000.00	
Wellspring Irrigation Repairs	2,979.71	4,171.59	7,151.30	5,000.00	10,000.00	
Landscaping Maintenance & Material						
District Landscaping	85,687.50	119,962.50	205,650.00	205,650.00	214,025.50	
Gateway Road Landscaping	197.45	276.43	473.88	473.88	473.88	
Wellspring Landscaping	13,540.00	18,956.00	32,496.00	32,496.00	33,819.50	
Tree Trimming	-	23,333.33	23,333.33	40,000.00	40,000.00	
Flower & Plant Replacement						
District Flower & Plant Replacement	3,150.00	29,166.67	32,316.67	50,000.00	50,000.00	
Wellspring Flower & Plant	-	5,833.33	5,833.33	10,000.00	10,000.00	
Contingency	4,899.99	6,859.99	11,759.98	103,372.90	221,782.98	
Pest Control	-	1,639.17	1,639.17	2,810.00	2,810.00	
Hurricane Cleanup	-	50,000.00	50,000.00	50,000.00	50,000.00	
Wellspring Blvd./Performance Drive Expenses	
WSPD - Lighting	127.79	178.91	306.70	500.00	500.00	
WSPD - Miscellaneous	694.44	972.22	1,666.66	3,500.00	3,500.00	
WSPD - Water Reclaimed	939.40	1,315.16	2,254.56	1,000.00	2,500.00	

Myrtle Creek Improvement District
FY 2022 Proposed O&M Budget

Actual Through 02/28/2021

Anticipated 03/2021 -

Anticipated FY	FY 2021 Adopted	FY 2022	
2021 Total	Budget	Proposed Budget	

09/2021

Interchange Maintenance Expenses

IME - Aquatics Maintenance	1,315.15	1,841.21	3,156.36	3,339.00	3,339.00	
IME - Irrigation Repairs	900.50	1,260.70	2,161.20	9,450.00	9,450.00	
IME - Landscaping	31,879.05	44,630.67	76,509.72	76,358.52	76,295.52	
IME - Lighting	240.55	336.77	577.32	1,575.00	1,575.00	
IME - Miscellaneous	3,134.47	4,388.26	7,522.73	1,575.00	13,387.50	
IME - Water Reclaimed	118.88	166.43	285.31	2,362.50	1,575.00	
New Operational Field Expenses
Trail Repair	
-	
15,000.00	
15,000.00	
15,000.00	
15,000.00	
Road & Street Facilities
Entry and Wall Maintenance	
-	
10,000.00	
10,000.00	
10,000.00	
10,000.00	
Streetlights	4,286.12	6,000.57	10,286.69	15,000.00	15,000.00	
Parks & Recreation
Personnel Leasing Agreement	
15,000.05	
20,999.95	
36,000.00	
36,000.00	
36,000.00	
Reserves
Infrastructure Capital Reserve	
-	
20,000.00	
20,000.00	
20,000.00	
20,000.00	
Interchange Maintenance Reserve	-	2,360.00	2,360.00	2,360.00	2,360.00	

Total Field Operations Expenses	$	207,504.43		$	442,818.78		$	650,323.21		$	770,522.80		$	926,093.88	

Total Expenses	
$	
261,724.89		
$	
502,077.88		
$	
763,802.77		
$	
919,297.80		
$	
1,077,828.88	
Income (Loss) from	$	316,529.70		$	(171,822.12)		$	144,707.58		$	(8,000.00)		$	(6,000.00)	

Other Income (Expense)															
Interest Income	$	197.37		$	7,802.63		$	8,000.00		$	8,000.00		$	6,000.00	
Total Other Income (Expense)	$	197.37		$	7,802.63		$	8,000.00		$	8,000.00		$	6,000.00	
Net Income (Loss)	$	316,727.07		$	(164,019.49)		$	152,707.58		$	-		$	-	

MYRTLE CREEK IMPROVEMENT DISTRICT

Agreement with Bryant Miller Olive for Bond Counsel Services

BOND COUNSEL AGREEMENT

This Bond Counsel Agreement is entered into this       day of March, 2021, by and between MYRTLE CREEK IMPROVEMENT DISTRICT, a local unit of special purpose government created under Florida law and established by ordinance of the City of Orlando, Florida (the ʺDistrictʺ), and BRYANT MILLER OLIVE P.A., a Florida professional service corporation (ʺBMOʺ).

W I T N E S S ETH:

WHEREAS, the District plans to issue its revenue bonds (the ʺBondsʺ) to finance or refinance the acquisition, construction and equipping of certain assessable improvements benefiting residents of the District; and

WHEREAS, the District desires to engage BMO as bond counsel in connection with the issuance and sale of the Bonds, on the terms and conditions hereinafter set forth; and

WHEREAS, BMO desires to accept engagement as bond counsel for the District in connection with the issuance and sale of the Bonds, on the terms and conditions hereinafter set forth.

NOW, THEREFORE, in consideration of the premises, which shall be deemed an integral part of this Agreement, and of the covenants and agreements herein contained, the District and BMO, both intending to be legally bound hereby, agree as follows:

BOND COUNSEL

Duties of Bond Counsel. BMO shall serve as bond counsel to the District in connection with the issuance of the Bonds. It is anticipated that such Bonds will be sold through a negotiated sale or private placement. The duties of BMO as bond counsel shall include the following:

Prepare all indentures (including a Master Indenture and Supplemental Indenture) with respect to the Bonds, and other documents relating to the Bonds, said duty to be performed in cooperation with the financial advisors and/or underwriters/placement agents engaged by the District.

Review all disclosure documents, including official statements, prepared or authorized by the District insofar as such documents contain descriptions of the Bonds and summaries of contracts or other documents relevant to the Bonds; provided, however, that BMO shall have no responsibility for the disclosure documents insofar as such documents describe the financial circumstances of the offering or any other statistical projects or data, and provided further, that BMO shall have no responsibility to the purchasers of the Bonds for state or federal securities law compliance in connection with the offering of the Bonds.

Review all underwritersʹ proposals as requested by the District, prepare all closing documents, and attend and be responsible for the closing, as well as attending drafting and informational meetings regarding the Bonds.

Render opinions in written form at the time the Bonds are to be authenticated and delivered, which opinions shall cover the legality of the Bonds and the exemption of the interest to be paid with respect to the Bonds from federal income taxation.

Duties of Bond Counsel under this engagement are limited to those expressly set forth above. Among other things, Bond Counsel’s duties do not include:

Assisting in the preparation or review of an official statement or any other disclosure document with respect to the public offering of tax exempt debt obligations, or performing an independent investigation to determine the accuracy, completeness or sufficiency of any such document or rendering advice that the official statement or other disclosure document does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements contained therein, in light of the circumstances under which they were made, not misleading.

Preparing blue sky or investment surveys with respect to the debt instrument.

Drafting state constitutional or legislative amendments.

Pursuing test cases or other litigation (such as validation proceedings).

Making an investigation or expressing any view as to the creditworthiness of the District, any credit enhancement provider, liquidity provider or the debt instrument.

Assisting in the preparation of, or opining on, a continuing disclosure undertaking pertaining to any publicly offered debt or, after Closing, providing advice concerning any actions necessary to assure compliance with any continuing disclosure undertaking.

Representing the District in Internal Revenue Service examinations or inquiries, or Securities and Exchange Commission investigations.

After Closing, providing continuing advice to the District or any other party concerning any actions necessary to assure that interest paid on any tax exempt debt instrument will continue to be excludable from gross income for federal income tax

purposes (e.g., this engagement does not include rebate calculations for any tax exempt debt).

Providing any advice or opinions on bankruptcy matters.

Providing advice or opinions on interest rate swap agreements.

Addressing any other matter not specifically set forth above that is not required to render BMO’s legal opinions.

1.3. Fees and Expenses for Services Rendered as Bond Counsel. Based upon (i) our understanding of the terms, structure, size and schedule of the financing represented by each Series of Bonds; (ii) the duties we will undertake pursuant to this agreement; (iii) the time we anticipate devoting to the financing; and (iv) the responsibilities we will assume in connection therewith, we will submit a fee for your approval prior to the issuance of each series of Bonds. Our fee may vary: (a) if the principal amount of Bonds actually issued differs significantly from the amount originally anticipated; (b) if material changes in the structure or schedule of the financing occur; or (c) if unusual or unforeseen circumstances arise which require a significant increase in our time or responsibility. If, at any time, we believe that circumstances require an adjustment of our original fee, we will advise you and request your prior approval. All fees will be inclusive of expenses incurred and expenses will not be separately billed. Our fee is usually paid at the closing for a Bond issue, and we customarily do not submit any statement until the closing unless there is a substantial delay in completing the financing. We may submit an additional statement for client charges following the closing.

If for any reason the financing represented by an issue of Bonds is not consummated or is completed without the delivery of our bond opinion as Bond Counsel, or our services are otherwise terminated, we will expect to be compensated at our normal hourly rates (currently ranging from $150 to $350, depending on personnel) for time actually spent on your behalf plus client charges, as described above.

Limitations on Engagement: Unless otherwise expressly stated herein, it is understood and agreed that the District is not relying upon Bond Counsel for investment or accounting advice or decisions, or to investigate the character or credit of any persons with whom you are or may be dealing in connection with this matter.

Waiver of Future Conflicts: It is a condition of BMO’s acceptance of this engagement that the District understand and agree that BMO may continue to represent, or may undertake in the future to represent, any existing or future client(s) in any matter which is not substantially related to the particular matter that BMO is handling for the District in this engagement.

Applicability to Future Engagements: Unless a different engagement letter is executed in the future, the terms of this engagement letter will also be applicable to and govern

our professional relationship on all subsequent matters on or in which we may become involved or engaged on the District’s behalf.

TERMINATION. This Agreement may be terminated by the District, or by BMO, with or without cause, upon fifteen (15) days prior written notice to the other. If the District terminates BMO for reasonable cause related to the Districtʹs dissatisfaction with the quality of the services rendered by BMO (such as, for example, BMOʹs failure to meet reasonable deadlines imposed by the District, BMOʹs neglect of its duties hereunder, or BMOʹs improper performance of its duties hereunder), then no compensation shall be paid to BMO for any services theretofore rendered pursuant to Section 1 of this Agreement. If the District terminates BMO for any other reason, but nevertheless sells the Bonds, then compensation to be paid by the District shall be an amount equal to the number of hours devoted by BMO to its services as bond counsel pursuant to Section 1 above through the termination date multiplied by $350.00.

CONSTRUCTION. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Florida.

CONFLICTS. The rules regulating The Florida Bar provide that common representation of multiple parties is permissible where the clients are generally aligned in interest, even though there is some difference in interest among them. BMO is disclosing to the District that it has, and may in the future, serve as bond or disclosure counsel to other local governments or otherwise act as underwriterʹs counsel or trustee’s counsel on public finance matters in Florida. From time to time, BMO may represent the firms which may underwrite the Districtʹs bonds, notes or other obligations (and other financial institutions hired by the District) on financings for other governmental entities in Florida on unrelated matters. In either case, such representations are standard and customary within the industry and BMO can effectively represent the District and the discharge of BMOʹs professional responsibilities to the District will not be prejudiced as a result, either because such engagements will be sufficiently different or because the potential for such prejudice is remote and minor and outweighed by consideration that it is unlikely that advice given to the other client will be relevant in any respect to the subject matter, and the District expressly consents to such other representations consistent with the circumstances herein described. The District acknowledges and agrees that BMOʹs role as bond counsel, disclosure counsel, or counsel to any local governmental entity or financial institution or in conjunction with public finance transactions is not likely to create or cause any actual conflict, and service as disclosure, bond, or counsel to other clients of BMO will not per se be construed as a conflict or be objectionable to the District.

Please understand that while we cannot, and do not, guarantee the outcome or success of this or any other engagement or professional undertaking, we will earnestly strive to represent and serve the District’s interests in this engagement effectively, efficiently and responsively while endeavoring to accomplish its objectives in this engagement.

IN WITNESS WHEREOF, the District and BMO have executed this Agreement as of the
 	 day of March, 2021.

MYRTLE CREEK IMPROVEMENT DISTRICT

By:   	
Name: Bob da Silva
Its: Chair, Board of Supervisors

BRYANT MILLER OLIVE P.A.
By:   	
Name: Misty W. Taylor, Shareholder

MYRTLE CREEK IMPROVEMENT DISTRICT

Operation and Maintenance Expenditures Paid in February 2021 in an amount totaling $64,919.89

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 February 1, 2021 through February 28, 2021. This does not include expenditures previously approved by the Board.

The total items being presented:    $64,919.89

Approval of Expenditures:

 	 Chairman

 	 Vice Chairman

 	 Assistant Secretary

  : :     

Check  o.	Date	Status*	Myrtle Creek mprovement District
       k          (       b     k)
    k     :                      

Vendor D	Payee ame	    :  

Amount	

 A   D: S   C T AT O AL A  

  1 1 1         1

    	        	 	     	               		         	

    	        	 	      	      k                      		          	

    	        	 	      	                   		      	
    	        	 	    	          k                 		      	

    	        	 	     	                    		      	
    	        	 	      	    b      		       	

    	        	 	     	                             		       	

    	        	 	      	                 		       	

					 A S REG STER TOTAL:	$134,214.41	
					GRA D TOTAL :	$134,214.41	

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

MYRTLE CREEK IMPROVEMENT DISTRICT

Funding Request #079	
1/15/2021				
Item	Payee	Invoice	General	
No.		Number	Fund	

1	
Cepra Landscape			
	Wellspring June Repairs	17091	$	367.00	
	Wellspring Clock A Repairs	17092	$ 1,008.00	
		
TOTAL	
$ 1,375.00	

MYRTLE CREEK IMPROVEMENT DISTRICT

Funding Request #080
1/22/2021

Item	Payee	Invoice	General	
No.		Number	Fund	

1	
Boggy Creek Improvement District				
	Reimbursment for Construction-Related Legal Advertising on Req 185	OSC30806687	$	92.19	
		
TOTAL	
$	
92.19	

By Amanda Lane at 10:03 am, Feb 01, 2021

By Amanda Lane at 4:25 pm, Feb 08, 2021

MYRTLE CREEK IMPROVEMENT DISTRICT

Funding Request #081	
2/5/2021				
Item	Payee	Invoice	General	
No.		Number	Fund	

1	
Berman Construction			
	Wellspring Reinstall Road Sign	10407	$	49.99	
2	Cepra Landscape			
	Wellspring February Landscaping	22754	$ 2,708.00	
		
TOTAL	
$ 2,757.99	

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:	Monday, February 8, 2021 12:29 PM
To:	Amanda Lane; Damon Ventura; AccountsPayable
Subject:	RE: Myrtle Creek - FR #81

EXTERNAL EMAIL: Use care with links and attachments.

FR#81 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, February 5, 2021 6:49 PM
To: Damon Ventura <dventura@tavistock.com>; AccountsPayable <accountspayable@tavistock.com>
Cc: Larry Kaufmann <lkaufmann@tavistock.com>
Subject: Myrtle Creek - FR #81

EXTERNAL E-MAIL
Please see attached for Myrtle Creek FR #81 for $2,757.99. 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 10:53 am, Feb 16, 2021

By Amanda Lane at 2:57 pm, Feb 22, 2021

MYRTLE CREEK IMPROVEMENT DISTRICT

Work Authorization/Proposed Services
(if applicable)

MYRTLE CREEK IMPROVEMENT DISTRICT

Recommendation for Work Authorization/ Proposed Services

..,
Project Name: Deer Crossing Signs

Brief Description: Purchase and installation of six (6) Deer Crossing Signs along Lake Nona Blvd. in

    the Myrtle Creek CDD.	

 Name of Consultant /Vendor:	Berman Construction LLC	

Is this work pursuant to an existing Agreement ?

 If so,  name and date of Agreement:

/	Yes

---	No

Is this project included in the District Capital Improvement Plan?

---

Yes

No

Are the services required contemplated in the Capital Improvement Plan?	 	

Yes

No

Is this a continuation of previously authorized work?

Proposal attached:	i/ Yes

---	No

---

Yes

No

Form of Agreement Utilize d:_P_ro p__ao__l_s   _

_ _ _

_ _ _ _

Amount of Services:

Recommendation:

$ 4,939.39	

Approve	Deny

ovement

By:	3 1-3 t; 

District Construction Committee

c:		Jennifer Walden Tucker Mackie Jeffrey Newton Lynne Mullins

WORK AUTHORIZATION FOR MAINTENANCE SERVICES

February 9, 2021

August

This Work  Authorization  (the "Work  Authorization"), dated  	,2020,  authorizes certain work in accordance with that certain AGREEMENT BETWEEN THE MYRTLE CREEK IMPROVEMENT DISTRICT AND BERMAN CONSTRUCTION, LLC FOR GENERAL MAINTENANCE
SERVICES (the "Agreement"), dated  	,2020, by and between:

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 (the "District"); and

Berman Construction, LLC, a Florida limited liability company, with a mailing address of 9801 Lake Nona Club Drive, Orlando, Florida 32827 (hereinafter "Contractor", together with District the "Parties").

hardscape

Section 1. Scope of Services.  Contractor shall provide	maintenance services, as set forth in the attached Exhibit A, which is incorporated herein by reference, all in accordance with the terms of the Agreement (collectively, the "Services").

Section 2. Compensation and Term. It is understood and agreed that the payment of compensation for the Services under this Work Authorization shall be in the amount and for the tenn set forth in the attached Exhibit A, and in the manner set forth in the Agreement.

Section 3. Acceptance. Acceptance of this Work Authorization will authorize the Contractor to complete the Services as outlined above and is indicated by the signature of the authorized representative of the District and the Contractor in the spaces provided below. Contractor shall commence the aforesaid Services as provided herein and shall perform the same in accordance with the terms and conditions of the Agreement, which, except to the extent expressly altered or changed in this Work Authorization, remain in full force and effect.

IN WITNESS WHEREOF, the Parties hereto have caused this Work Authorization to be executed the day and year first above written.

MYRTLE CREEK IMPROVEMENT DISTRICT

 	

Secretary

By:	_ Its: 		

BERMAN CONSTRUCTION, LLC

 	

Witness

By:	_ Its:		_

Exhibit A: Proposal/Scope of Services

Date: January 20, 2021
Client: PFM, agent for Myrtle Creek Improvement District Project: Deer Crossing Signs

Berman proposes to furnish and install six (6) ‘deer crossing’ signs along Lake Nona Blvd. in the Myrtle Creek Improvement District.
Total Cost: $4,939.39

Additional Notes:
Berman Construction State of Florida CGC # 1518721
Revision and Approval Policy: Please contact our office upon receipt and approval of this contract, and any questions you might have. Should you accept the terms outlined above please sign below and return. We can then schedule your services at that time.

Agent for Owner	Date

Berman Construction LLC	Date By: Samantha Sharenow, Senior VP

MYRTLE CREEK IMPROVEMENT DISTRICT

District’s Financial Position and Budget to Actual YTD

	Myrtle Creek Improvement District	
	Statement of Financial Position	
	As of 2/28/2021	

General Fund	

Debt Service	
Capital Projects Fund	
	
Assets	
Current Assets		
General Checking Account	$596,642.28	
Money Market Account	68,764.32	
State Board of Administration	3,996.24	
Accounts Receivable - Due from Developer	1,080.25	
Assessments Receivable	296,287.13	
Deposits	4,300.00	
General Reserve	168,466.65	
Assessments Receivable	$461,873.64	
Debt Service Reserve	335,035.77	
Revenue	1,450,131.70	
Prepayment	33.82	
Sinking Fund A2 Bond	20,000.03	
Accounts Receivable - Due from Developer	$67.81	
Acquisition/Construction	401,911.67	
Total Current Assets	$1,139,536.87	$2,267,074.96	$401,979.48	

Investments		
Amount Available in Debt Service Funds		
Amount To Be Provided		
Total Investments	$0.00	$0.00	$0.00	
Total Assets	$1,139,536.87	$2,267,074.96	$401,979.48	

Liabilities and Net Assets	
Current Liabilities		
Accounts Payable	$356.90	
Due To Other Governmental Units	7,327.11	
Deferred Revenue	297,367.38	
Deferred Revenue	$461,873.64	
Accounts Payable	$67.81	
Deferred Revenue	67.81	
Total Current Liabilities	$305,051.39	$461,873.64	$135.62	

Long Term Liabilities		
Revenue Bonds Payable - Long-Term		
Total Long Term Liabilities	$0.00	$0.00	$0.00	
Total Liabilities	$305,051.39	$461,873.64	$135.62	

General Long- Term Debt

Total

$596,642.28 68,764.32
3,996.24
1,080.25
296,287.13
4,300.00
168,466.65
461,873.64
335,035.77
1,450,131.70
33.82
20,000.03
67.81

$0.00		$3,808,591.31	

$1,805,201.32		

$1,805,201.32	
15,449,798.68		15,449,798.68	
$17,255,000.00		$17,255,000.00	
$17,255,000.00		$21,063,591.31	

$356.90	
		7,327.11	
		297,367.38	
		461,873.64	
		67.81	
		67.81	
$0.00		$767,060.65	

$17,255,000.00		

$17,255,000.00	
$17,255,000.00		$17,255,000.00	
$17,255,000.00		$18,022,060.65	

401,911.67

 	

Myrtle Creek Improvement District
Statement of Financial Position As of 2/28/2021

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

$1,283,864.48 (766,106.07)
316,727.07

$834,485.48		

$1,219,165.38 586,035.94

$1,805,201.32		

($417,951.06) 819,854.15
(59.23)

$401,843.86		

$0.00		

$1,283,864.48 (766,106.07)
316,727.07

1,219,165.38
586,035.94

(417,951.06)
819,854.15
(59.23)

$3,041,530.66	
									
$1,139,536.87		$2,267,074.96		$401,979.48		$17,255,000.00		$21,063,591.31	

Net Assets
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

Myrtle Creek Improvement District
Statement of Activities As of 2/28/2021	
	
General Fund	
Debt Service	
Capital Projects Fund	
General Long- Term Debt	
Total	

Revenues

On-Roll Assessments Developer Contributions On-Roll Assessments Developer Contributions
Total Revenues	

$560,990.45				

$560,990.45	
	17,264.14				17,264.14	
		$874,512.27			874,512.27	
			$441.26		441.26	

$578,254.59	

$874,512.27	

$441.26	

$0.00	

$1,453,208.12	
Expenses						
Supervisor Fees	$3,800.00				$3,800.00	
Public Officials' Liability Insurance	3,498.00				3,498.00	
Trustee Services	7,436.91				7,436.91	
Management	16,666.65				16,666.65	
Engineering	2,910.50				2,910.50	
Property Appraiser	1,443.00				1,443.00	
District Counsel	5,704.30				5,704.30	
Assessment Administration	7,500.00				7,500.00	
Travel and Per Diem	13.94				13.94	
Postage & Shipping	57.79				57.79	
Legal Advertising	1,388.76				1,388.76	
Miscellaneous	53.22				53.22	
Property Taxes	2,147.39				2,147.39	
Web Site Maintenance	925.00				925.00	
Holiday Decorations	500.00				500.00	
Dues, Licenses, and Fees	175.00				175.00	
Electric	481.87				481.87	
Entry Lighting	85.04				85.04	
Water Reclaimed	8,953.72				8,953.72	
Aquatic Contract	1,625.00				1,625.00	
General Liability Insurance	4,007.00				4,007.00	
Irrigation	27,307.65				27,307.65	
Landscaping Maintenance & Material	99,424.95				99,424.95	
Flower & Plant Replacement	3,150.00				3,150.00	
Contingency	5,594.43				5,594.43	
IME - Aquatics Maintenance	1,315.15				1,315.15	
IME - Irrigation	900.50				900.50	
IME - Landscaping	31,879.05				31,879.05	
IME - Lighting	240.55				240.55	
IME - Miscellaneous	3,134.47				3,134.47	
IME - Water Reclaimed	118.88				118.88	
Streetlights	4,286.12				4,286.12	
Personnel Leasing Agreement	15,000.05				15,000.05	

Myrtle Creek Improvement District
Statement of Activities As of 2/28/2021	

General Fund	
Debt Service		
Capital Projects Fund		
General Long- Term Debt		
Total	
Interest Payments Legal Advertising
Total Expenses	

$261,724.89	$288,500.00

$288,500.00		

$509.07

$509.07		

$0.00		288,500.00
509.07
$550,733.96	
Other Revenues (Expenses) & Gains (Losses)

Interest Income Interest Income Dividends Income Interest Income Dividends Income
Total Other Revenues (Expenses) & Gains (Losses)	

$197.37

$197.37		

$22.47 1.20

$23.67		

$8.11 0.47

$8.58		

$0.00		

$197.37 22.47
1.20
8.11
0.47
$229.62	

Change In Net Assets	$316,727.07	$586,035.94		($59.23)		$0.00		$902,703.78	

Net Assets At Beginning Of Year	
$517,758.41	
$1,219,165.38		
$401,903.09		
$0.00		
$2,138,826.88	

Net Assets At End Of Year	

$834,485.48	

$1,805,201.32		

$401,843.86		

$0.00		

$3,041,530.66	

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 02/28/2021

Actual	Budget	Variance

FY 2021
Adopted Budget

Revenues

On-Roll Assessments	$	560,990.45	$	357,834.08	$	203,156.37	$	858,801.80	
Developer Contributions		17,264.14		21,873.33		(4,609.19)		52,496.00	
Net Revenues	$	578,254.59	$	379,707.41	$	198,547.18	$	911,297.80	
General & Administrative Expenses									
Legislative									
Supervisor Fees	$	3,800.00	$	5,000.00	$	(1,200.00)	$	12,000.00	
Financial & Administrative									
Public Officials' Liability Insurance		3,498.00		1,666.67		1,831.33		4,000.00	
Trustee Services		7,436.91		4,166.67		3,270.24		10,000.00	
Management		16,666.65		16,666.67		(0.02)		40,000.00	
District Engineering		2,910.50		4,166.67		(1,256.17)		10,000.00	
Dissemination Agent		-		2,916.67		(2,916.67)		7,000.00	
Property Appraiser		1,443.00		833.33		609.67		2,000.00	
District Counsel		5,704.30		10,416.67		(4,712.37)		25,000.00	
Assessment Administration		7,500.00		3,125.00		4,375.00		7,500.00	
Reamortization Schedules		-		104.17		(104.17)		250.00	
Audit		-		1,666.67		(1,666.67)		4,000.00	
Arbitrage Calculation		-		375.00		(375.00)		900.00	
Travel and Per Diem		13.94		125.00		(111.06)		300.00	
Telephone		-		20.83		(20.83)		50.00	
Postage & Shipping		57.79		416.67		(358.88)		1,000.00	
Copies		-		833.33		(833.33)		2,000.00	
Legal Advertising		1,388.76		2,708.33		(1,319.57)		6,500.00	
Miscellaneous		53.22		4,999.99		(4,946.77)		12,000.00	
Property Taxes		2,147.39		62.50		2,084.89		150.00	
Web Site Maintenance		925.00		1,125.00		(200.00)		2,700.00	
Holiday Decorations		500.00		520.83		(20.83)		1,250.00	
Dues, Licenses, and Fees		175.00		72.92		102.08		175.00	
Total General & Administrative Expenses	$	54,220.46	$	61,989.59	$	(7,769.13)	$	148,775.00	

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 02/28/2021

Actual	Budget	Variance	FY 2021
Adopted Budget	

Field Operations								
Electric Utility Services								
Electric	$	354.08	$	625.00	$	(270.92)	$	1,500.00	
Entry Lighting		85.04		208.33		(123.29)	500.00	
Water-Sewer Combination Services								
Water Reclaimed		8,014.32		10,416.67		(2,402.35)	25,000.00	
Stormwater Control								
Aquatic Contract		1,625.00		1,666.67		(41.67)	4,000.00	
Lake/Pond Repair Reserve		-		2,083.33		(2,083.33)	5,000.00	
Other Physical Environment								
General Liability Insurance		4,007.00		1,875.00		2,132.00	4,500.00	
Property & Casualty Insurance		-		708.33		(708.33)	1,700.00	
Auto Insurance		-		208.33		(208.33)	500.00	
Irrigation Repairs								
District Irrigation Repairs		24,327.94		12,500.00		11,827.94	30,000.00	
Wellspring Irrigation Repairs		2,979.71		2,083.33		896.38	5,000.00	
Landscaping Maintenance & Material								
District Landscaping		85,687.50		85,687.50		-	205,650.00	
Gateway Road Landscaping		197.45		197.45		-	473.88	
Wellspring Landscaping		13,540.00		13,540.00		-	32,496.00	
Tree Trimming		-		16,666.67		(16,666.67)	40,000.00	
Flower & Plant Replacement								
District Flower & Plant Replacement		3,150.00		20,833.33		(17,683.33)	50,000.00	
Wellspring Flower & Plant Replacement		-		4,166.67		(4,166.67)	10,000.00	
Contingency		4,899.99		43,072.04		(38,172.05)	103,372.90	
Pest Control		-		1,170.83		(1,170.83)	2,810.00	
Hurricane Cleanup		-		20,833.33		(20,833.33)	50,000.00	
Wellspring Blvd./Performance Drive Expenses								
WSPD - Lighting		127.79		208.33		(80.54)	500.00	
WSPD - Miscellaneous		694.44		1,458.33		(763.89)	3,500.00	
WSPD - Water Reclaimed		939.40		416.67		522.73	1,000.00	

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 02/28/2021

Interchange Maintenance Expenses				Adopted Budget	
IME - Aquatics Maintenance	1,315.15	1,391.25	(76.10)	3,339.00	
IME - Irrigation Repairs	900.50	3,937.50	(3,037.00)	9,450.00	
IME - Landscaping	31,879.05	31,816.05	63.00	76,358.52	
IME - Lighting	240.55	656.25	(415.70)	1,575.00	
IME - Miscellaneous	3,134.47	656.25	2,478.22	1,575.00	
IME - Water Reclaimed	118.88	984.38	(865.50)	2,362.50	
New Operational Field Expenses
Trail Repair	
-	
6,250.00	
(6,250.00)	
15,000.00	
Road & Street Facilities
Entry and Wall Maintenance	
-	
4,166.67	
(4,166.67)	
10,000.00	
Streetlights	4,286.12	6,250.00	(1,963.88)	15,000.00	
Parks & Recreation
Personnel Leasing Agreement	
15,000.05	
15,000.00	
0.05	
36,000.00	
Reserves
Infrastructure Capital Reserve	
-	
8,333.33	
(8,333.33)	
20,000.00	
Interchange Maintenance Reserve	-	983.33	(983.33)	2,360.00	

Actual

Budget

Variance

FY 2021

Total Field Operations Expenses	$	207,504.43		$	321,051.15		$	(113,546.72)		$	770,522.80	

Total Expenses	
$	
261,724.89		
$	
383,040.74		
$	
(121,315.85)		
$	
919,297.80	
Income (Loss) from Operations	$	316,529.70		$	(3,333.33)		$	319,863.03		$	(8,000.00)	

Other Income (Expense)												
Interest Income	$	197.37		$	3,333.33		$	(3,135.96)		$	8,000.00	
Total Other Income (Expense)	$	197.37		$	3,333.33		$	(3,135.96)		$	8,000.00	
Net Income (Loss)	$	316,727.07		$	-		$	316,727.07		$	-	

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 02/28/2021

	Oct-20		Nov-20		Dec-20		Jan-21			Feb-21	YTD Actual	

$	
- 2,708.00		
$  57,604.37
685.71		
$ 204,538.37
6,419.44		
$ 242,119.20
3,318.00		
$	
56,728.51
4,132.99	
$	560,990.45
17,264.14	
$	2,708.00		$ 58,290.08		$ 210,957.81		$ 245,437.20		$	60,861.50	$	578,254.59	

$	
1,000.00		
$     1,000.00		
$	-		

$	1,000.00		

$	

800.00	

$	3,800.00	
	3,498.00		-		-		
-			
-	
3,498.00	
	-		7,436.91		-		-			-	7,436.91	
	3,333.33		3,333.33		3,333.33		3,333.33			3,333.33	16,666.65	
	-		1,723.00		250.00		250.00			687.50	2,910.50	
	-		-		-		-			-	-	
	-		-		1,443.00		-			-	1,443.00	
	-		-		2,690.00		2,187.50			826.80	5,704.30	
	7,500.00		-		-		-			-	7,500.00	
	-		-		-		-			-	-	
	-		-		-		-			-	-	
	-		-		-		-			-	-	
	-		-		7.04		-			6.90	13.94	
	-		-		-		-			-	-	
	-		18.77		7.00		7.99			24.03	57.79	
	-		-		-		-			-	-	
	327.50		365.01		-		346.25			350.00	1,388.76	
	-		-		46.71		3.28			3.23	53.22	
	-		-		-		-			2,147.39	2,147.39	
	125.00		125.00		125.00		425.00			125.00	925.00	
	500.00		-		-		-			-	500.00	
	175.00		-		-		-			-	175.00	
$	16,458.83		$ 14,002.02		$	7,902.08		$	7,553.35		$	8,304.18	$	54,220.46	

$	

-		

$	88.94		

$	88.21		

$	89.46		

$	

87.47	

$	354.08	
	-		21.26		21.26		21.50			21.02	85.04	
	-		1,463.23		1,036.86		1,398.48			4,115.75	8,014.32	
	325.00		325.00		325.00		325.00			325.00	1,625.00	
	-		-		-		-			-	-	
	4,007.00		-		-		-			-	4,007.00	
	-		-		-		-			-	-	
	-		-		-		-			-	-	
	839.24		2,918.20		9,296.90		5,709.40			5,564.20	24,327.94	
	685.71		-		309.00		1,985.00			-	2,979.71	

Revenues
On-Roll Assessments Developer Contributions
    
Net Revenues
General & Administrative Expenses Legislative
Supervisor Fees
Financial & Administrative
Public Officials' Liability Insurance Trustee Services
Management 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

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 02/28/2021

Oct-20		Nov-20		Dec-20		Jan-21			Feb-21	YTD Actual	
17,137.50
39.49
2,708.00		17,137.50
39.49
2,708.00		17,137.50
39.49
2,708.00		17,137.50
39.49
2,708.00			17,137.50
39.49
2,708.00	85,687.50
197.45
13,540.00	
-		-		-		-			-	-	
-
-		-
-		-
-		-
-			3,150.00
-	3,150.00
-	
-
-
-		-
-
-		4,850.00
-
-		-
-
-			49.99
-
-	4,899.99
-
-	
-
-
-		32.05
697.72
257.17		31.95
(3.28)
257.73		32.15
- 241.01			31.64
- 183.49	127.79
694.44
939.40	

263.03
- 6,363.21
- 1,134.00
-

-

-
- 3,000.01
-
-
$  36,502.19

   $  52,961.02  

$ (50,253.02)

$	22.90
$	22.90

$ (50,230.12)		
263.03
94.90
6,363.21
57.97
- 26.95

-

- 1,063.81

3,000.01

-
-
$  36,558.44

   $ 50,560.46  

$     7,729.62

$	23.59
$	23.59

$     7,753.21		
263.03
289.55
- 59.35
1,512.00
34.12

-

- 1,063.81

3,000.01

-
-
$   42,320.49

  $ 50,222.57  

$ 160,735.24

$	96.66
$	96.66

$ 160,831.90		
263.03
308.70
12,726.42
65.96
190.57
21.95

-

- 1,079.25

3,000.01

-
-
$   47,342.88

  $ 54,896.23  

$ 190,540.97

$	28.62
$	28.62

$ 190,569.59			
263.03
207.35
6,426.21
57.27
297.90
35.86

-

- 1,079.25

3,000.01

-
-
44,780.43

53,084.61  

7,776.89

25.60
25.60

7,802.49	
1,315.15
900.50
31,879.05
240.55
3,134.47
118.88

-

- 4,286.12

15,000.05

-
-	
								$

  $	

$

$
$

$		$	207,504.43

$	261,724.89	
										
$	316,529.70

$	197.37	
										$	197.37	
										$	316,727.07	

Landscaping Maintenance & Material District Landscaping
Gateway Road Landscaping Wellspring Landscaping
Tree Trimming
Flower & Plant Replacement
District Flower & Plant Replacement Wellspring Flower & Plant Replacement
Contingency Pest Control
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
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	
26,870.86	(35,036.78)	6,033.88	(34,720.04)	232,112.07	
-	(2,285.24)	148,827.20	(71,989.11)	306,664.92	
312.50	(312.50)	529,976.03	(438,634.98)	398,005.97	
-	-	622,973.27	(418,231.22)	602,748.02	
-	-	147,246.64	(153,352.38)	596,642.28	
-	-	349,641.90	(213,066.47)	733,217.71 as of 03/09/2021	

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	
11/1/2020	232,112.07	
12/1/2020	306,664.92	
1/1/2021	398,005.97	
2/1/2021	602,748.02	
3/1/2021	596,642.28	

FY 20 Totals

2,417,938.62

(2,159,152.30)	1,804,698.92	(1,344,999.20)

Myrtle Creek Improvement District Construction Tracking - early March

Amount
Series 2016 Bond Issue
Original Construction Fund	$	513,425.32 Additions (Interest, Transfers from DSR, etc.)		219,875.78
Cumulative Draws Through Prior Month	(331,389.43)
==========
Construction Funds Available	$	401,911.67

Requisitions This Month
==========
Total Requisitions This Month	$	-
==========
Funds Remaining	$	401,911.67

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

Total Committed	$	-
==========	
Net Uncommitted		401,911.67	

March 9, 2021