Waterford Estates Community Development District

May 4, 2020

Waterford Estates
CommunityDevelopment District

5385 N. Nob Hill Road, Sunrise, Florida 33351 Phone: 954-721-8681 - Fax: 954-721-9202

April 24, 2020

Board of Supervisors Waterford Estates
Community Development District

Dear Board members:
A telephone conference meeting of the Board of Supervisors of the Waterford Estates Community Development District will be held on May 4, 2020 at 11:00 a.m. In accordance with Office of the Governor, Executive Order 20-69 (Emergency Management - COVID-19 - Local Government Public Meetings} , authorizing the use of communications media technology, such as telephonic conferencing, as provided in Section 120.54(5)(b}2, Florida Statutes, the Board of Supervisors and members of the public may attend and participate in the meeting utilizing the following call-in information: 1 (872) 240-3311 and Access Code : 420-097-125 and are further encouraged to submit comments or questions in advance of the meeting by email to info@gmssf.com or by telephone by calling 954-721-8681. Following is the advance agenda for the meeting:

Roll Call

Approval of the Minutes of the December 2, 2019 Meeting

	Consideration of Resolution #2020-01 Approving the Proposed Fiscal Year 2021 Budget and Setting the Public Hearing

Discussion of Procedures for the Landowners Election - November 2, 2020

Discussion of Procedures for the General Election

Staff Reports
Attorney

Engineer

Manager

Financial Reports
Approval of Check Run Summary

Approval of Combined Balance Sheet

Supervisors Requests and Audience Comments

Adjournment
Meetings are open to the public and maybe continued to a time, date and place certain. For more information regarding this CDD please visit the website: http://www.watrefordestatescdd.com

MINUTES OF MEETING WATERFORD ESTATES
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Waterford Estates Community Development District was held on Monday, December 2, 2019 at 11:00 a.m. at the First Presbyterian Church of Punta Gorda, 25250 Airport Road, Punta Gorda, Florida.

Present and constituting a quorum were:

Bob Bishop Rebecca Sarver John Blakely Adam Lerner James Ratz Rebecca Sarver Michael Beckta Ashley Koza Debra Thomas
Also present were: Gerry Knight
Paul Winkeljohn
Several residents

FIRST ORDER OF BUSINESS

Chairman
Vice Chairman Assistant Secretary Assistant Secretary Chairman
Vice Chairman Assistant Secretary Assistant Secretary Assistant Secretary

District Counsel (by phone) District Manager

Roll Call

Mr. Winkeljohn called the meeting to order and called the roll.

SECOND ORDER OF BUSINESS	Organizational Matters
Acceptance of Resignation(s)
Consideration of Appointment of Supervisor(s) to Unexpired Term(s) of Office
Oath of Office for Newly Appointed Supervisor(s)
Mr. Winkeljohn: We have some housekeeping items this morning, there's some Board rotation going on today so we're going to go through that which will take a little bit of time and then we have a few items on our agenda which we'll address, so there will be time to ask questions or talk later as the meeting progresses. The first item I have is

I have resignations from 3 Board members Adam Lerner, John Blakely and Bob Bishop. You guys like to do 2 and then appoint 1, and then do the third one, I believe that's.how you want to do it, correct?
Mr. Blakely: Right because you always have to have at least 3 to maintain quorum.
Mr. Winkeljohn: The Statute allows the remaining Board members to act until they fill the Board.
Mr. Blakely: Ok, so however you want to do it.
Mr. Winkeljohn: It's a belts and suspenders to do it that way, so I'll do it that way. So, at this time I'd ask that the Board accept resignations from Adam Lerner, and John Blakely, is there a motion?

On MOTION by Ms. Sarver seconded by Ms. Thomas with all in favor, accepting the resignations of Adam Lerner and John Blakely was approved.

Mr. Winkeljohn:	Ok, with those two vacancies, is there a motion to appoint to John's seat, which is seat #1, and Adam's seat, which is seat #2?
Ms. Sarver: Yes, I make a motion to appoint James Ratz to seat #1 and Ashley Koza to seat #2.
Mr. Winkeljohn: Ok, let's do one motion at a time. Ms. Sarver: Ok.
Mr. Winkeljohn: So, James if you would spell your last name for me please. Mr. Ratz: R-a-t-z.

On MOTION by Ms. Sarver seconded by Ms. Thomas with all in favor, appointing James Ratz to fill the unexpired term of office, seat #1 was approved.·

Mr. Winkeljohn:  Alright, so now we can take a second motion at this time. Ms. Sarver: I make a motion for Ashley Koza to seat #2.
Mr. Winkeljohn: Ashley, if you could please spell your last name for me. Ms. Koza: K-o-z-a.

Mr. Winkeljohn: Thank you.

On MOTION by Ms. Sarver seconded by Mr. Bishop with all in favor, appointing Ashely Koza to fill the unexpired term of office, seat #2 was approved.

Mr. Winkeljohn: So, for the two people that were just appointed, after I say the word "I" you would state your names for the record, and at the end you'll say "I do" if you agree with the statement.
Mr. Knight: Paul?
Mr. Winkeljohn: Yes sir.
Mr. Knight: Was there, and I'm having trouble hearing on this call, but anyway, there was a vote on each nominee separately?
Mr. Winkeljohn: Yes, and there was a quorum during that. Mr. Knight: Ok.
Mr. Winkeljohn: So, we're going to swear those two people in and then handle the third resignation.
Mr. Knight: Ok.
Mr. Winkeljohn:  So, "I" Mr. Ratz: "James Ratz." Ms. Koza: "Ashley Koza."
Mr. Winkeljohn: A resident of the State of Florida and citizen of the United States of America, being a Supervisor of the Waterford Estates Community Development District and recipient of public funds on behalf of the District, do hereby solemnly swear or affirm that I will support the Constitution of the United States and of the State of Florida, and will faithfully, honestly, and impartially discharge the duties devolving upon me in the office of Supervisor of the Waterford Estates Community Development District, Charlotte County, Florida.
Mr. Ratz: "I do."
Ms. Koza: "I do."
Mr. Winkeljohn: Great, so if you would sign those and fill them out, I will notarize them  and  enter them into the District's records.	The next item we should take is the

third resignation of Bob Bishop, the longest tenured one on the Board, is there a motion to accept Bob's resignation?

On MOTION by Ms. Thomas seconded by Ms. Sarver with all in favor, accepting the resignation of Bob Bishop was approved.

Mr. Winkeljohn: Alright, now we have a vacancy in seat #3, is there a motion to appoint?
Ms. Sarver: Motion to appoint Michael Beckta.
Mr. Winkeljohn:  If you would spell your last name for me Michael. Mr. Beckta: B-e-c-k-t-a.
Mr. Winkeljohn:   Alright.

On MOTION by Ms. Sarver seconded by Ms. Thomas with all in favor, appointing Michael Beckta to fill the unexpired term of office, seat #3 was approved.

Mr. Winkeljohn: Congratulations Michael and you get to do the drill by yourself, so Mike, I'll say "I", then you state your name for the record, and at the end you would just say, "I do", so "I".
Mr. Beckta: "Michael Beckta."
Mr. Winkeljohn: A resident of the State of Florida and citizen of the United States of America, being a Supervisor of the Waterford Estates Community Development District and recipient of public funds on behalf of the District, do hereby solemnly swear· or affirm that I will support the Constitution of the United States and of the State of Florida, and will faithfully, honestly, and impartially discharge the duties devolving upon me in the office of Supervisor of the Waterford Estates Community Development District, Charlotte County, Florida.
Mr. Beckta: "I do."
Mr. Winkeljohn: Congratulations once again. All 3 of you have your new Board member packets, and I know 2 of you are already on other Community Development District Boards, so you're familiar with the State Statutes and the responsibilities of the

office. I had a minute before the meeting to talk to Michael a little bit about it, so you have 30 days from today to submit your Form 1, financial disclosure forms to the Supervisor of Elections where you live, where your residence is, and have that handled. You'll get a renewal every June, and you're responsible for doing that every year until you leave the Board. I also gave you a copy of Form 1F, and when you, or if you leave the Board by resignation, you would put in a Form 1 and a Form 1F, and that pulls you out of the financial disclosure process. We can help you with that in my office, or our District counsel can, and we have all your contact information so we'll circulate it and answer any questions you all have. The other thing that most of you are familiar with is the Sunshine Law, and in your packet is the handout which basically explains that business specific to the District that might come before the District for a decision is prohibited from being discussed outside of a public meeting. Items that affect the development are developer related in the Statutes and the rules accept that's a probability, but items like today we're engaging with our auditor, if we were doing an audit selection, you wouldn't want to have that discussion before the meeting, you would want to have your discussion in the public and Sunshine, just as an example. So, if there are any questions, I can take them, or we can refer to that later on and move on with today's agenda. Hearing none, we can move on.
Mr. Knight: Paul?
Mr. Winkeljohn: Yes sir.
Mr. Knight: We should remind the Board members who are leaving that they need to file their Form 1Fs.
Mr. Winkeljohn: Yes, and I've already talked to them about that and they're very familiar with the exit portion of the Board, because they do it a lot.
Mr. Knight: Ok.
Mr. Winkeljohn: So, that was nice of them to come all the way here to resign, they are allowed to resign by paper form, but they wanted to be here in person in case there was a quorum shortage or anything, so we appreciate that effort.
Mr. Knight: And you have written copies of their resignations? Mr. Winkeljohn: Yes, they handed them to me.
Mr. Knight: Ok.

Election of Officers

Mr. Winkeljohn: Alright, so the first thing we have to do is fill out the officers of the Board. Anytime you have a change of Supervisors you need to have an election of officers. A District is required to have a chairman, a vice chairman and I ask that all other members be appointed as assistant secretaries. My firm provides you a secretary in the name of Rich Hans, and a treasurer in the name of Patti Powers, and I also serve as an assistant secretary because of many of the administrative functions that I do as District manager. So, a motion might sound something like, and right now Rebecca is serving as vice chairman, so a motion from any member of the Board would sound like, I move person A as chairman, person B as vice chairman, and you could just say all others as stated, and that will accomplish the mission. So, you would just need in that motion to name the chairman and vice chairman and we'll be set.

Mr. Ratz: You're vice chairman? Ms. Sarver: Yes.
Mr. Winkeljohn: You want to make a motion?
Ms. Thomas: So, I nominate James Ratz as chairman.
Mr. Winkeljohn: So that's a motion from Debra for James as chairman. Ms. Thomas: And Rebecca to remain as vice chairman.
Mr. Winkeljohn: Ok, and all others as stated? Ms. Thomas: Yes, all others as stated.

On MOTION by Ms. Thomas seconded by Ms. Sarver with all in favor, Election of Officers, electing James Ratz as chairman, Rebecca Sarver as vice chairman and all others as stated on the record by Paul Winkeljohn was approved.

Mr. Winkeljohn: Congratulations, and there are no particular duties or responsibilities of the chairman, other than signing paper work and our legal opinion has been historically that you let the other Board members introduce the motions for the Board, but you can entertain them as chairman.

THIRD ORDER OF BUSINESS	Approval	of	Minutes	of	the
August 5, 2019 Meeting
Mr. Winkeljohn: That brings us to the first business item on our agenda which are the minutes from your August 5th meeting, and those were circulated to the sitting Board members and they've been reviewed I believe, and are acceptable by motion.

On MOTION by Ms. Sarver seconded by Ms. Koza with all in favor, the Minutes of the August 5, 2019 Meeting were approved.

FOURTH ORDER OF BUSINESS	Ratification	of	Fourth
Amendment to Temporary Construction and Access Easement Agreement
Mr. Winkeljohn: Item No. 4 is the ratification of the temporary construction and access easement agreement. We adopted several of these in the last two meetings, and I believe this one is the last one we needed to allow the rest of the construction to take place. Gerry, are there any comments or additional information we need to discuss on that?
Mr. Knight: Well, essentially the Fourth Amendment, we entered into this temporary construction easement I think in 2012, but I'm not sure, but anyway it's been amended several times and this amendment extends the period for completion of the temporary construction of the project through and until November, 2021, that's the outside date but if they finish sooner, then the temporary construction easement goes away. It just allows the developer to come on District property to complete the construction if necessary of the project.
Mr. Winkeljohn: Right, so it's fairly routine but just required. Is there a motion to ratify this construction agreement?

On MOTION by Ms. Koza seconded by Mr. Katz with all in favor, ratifying the Fourth Amendment to Temporary Construction and Access Easement Agreement was approved.

FIFTH ORDER OF BUSINESS	Discussion	of	Road
Ownership, HOA Parking Enforcement and Allowance of Golf Cart Usage
Mr. Winkeljohn: Item No. 5 is a discussion of road ownership, HOA parking enforcement and allowance of golf cart usage. Currently it's a gated community, with the roads originally intended to be either owned by the COD or a government of some form, which would make the community, one public access, but also the ideas of the HOA rules as they come into maturity often are more specific in detail for the needs of the community in terms of parking enforcement and activity and also the idea of allowing golf carts, which in some communities is what's expected to be used in the roads, so you would adopt or allow for those activities. One solution, and I don't know if it's a mature enough community yet to be able to do this, it sounds like the HOA in the first section is up and running and I think their Board is here, so they're probably capable and likely to being ready to establish sort of their own feel for how they want the parking and use of the roads to take place, and it is appropriate for the COD to delegate away a lot of that activity. What you can do is, there's a lot of different ways, you can adopt rules that outline all these things, or you can basically issue an agreement of understanding with the HOA that their rules are acceptable on our roads as they see fit. Then, because CDDs have no enforcement capabilities for its roads, they're never in a position to give a parking violation or think about them, plus our rules are rather onerous, when we go to adopt them there's 60 days of a public advertising, there's a full public hearing, and so you can only do that once or twice a year and it's expensive, by the time you bring in the staff and legal, etc. So, you can probably guess what I recommend which is to say, HOA we trust your goals and leadership, etc. and issue that agreement of no objection.
Mr. Ratz: So, my question would be, are we giving authority to the neighborhood association, or the master because to me the neighborhood, it has to be consistent and to have one neighborhood that has different rules than the other.

Mr. Winkeljohn: I would assume the master would be the most appropriate entity, and obviously get input from the other entities but the overreaching should be the broadest Board you have.
Mr. Ratz: Right.
Mr. Knight: Paul?
Mr. Winkeljohn: Yes sir.
Mr. Knight: Now we're talking about, the District, as I understand it, the District owns title to the roadways.
Mr. Winkeljohn: Correct.
Mr. Knight: And there's a gate, but it's a soft gate, right? Mr. Winkeljohn: Correct.
Mr. Knight: Ok. So, the District owns the roads but if the community wants to allow golf carts, or wants to have parking regulations that would be enforceable within the roadways, then the HOA needs to come up with those proposals.
Mr. Winkeljohn: Right.
Mr.' Knight: So, the COD on its own does not have the authority to adopt regulations relating to the use of the roads by the HOA.
Mr. Winkeljohn: Right, we usually enter into agreements with local law enforcement or a HOA.
Mr. Knight: Right, and in fact there is a state law having to do with the use of golf carts on public roads which would have to be complied with, obviously you know we can't be doing anything different than what the state law allows.
Mr. Winkeljohn: Right, so for today's action do you think we could just ask the HOA to come back with basic rules and operations and the COD could say there's no objection, or we could just issue a statement.
Mr. Knight: Right, we could, now as you say, we've done agreements with HOAs in the past as other CDDs having to do with parking enforcement on public streets right?
Mr. Winkeljohn: Yes, so we probably have some drafts that we could circulate.
Mr. Knight: Now, we can send I guess an example of one of those agreements maybe to the HOA and have them look at what we've done in the past, and basically it designates the HOA the right to enforce their parking rules on COD roads, and we'd

have to have that in place before that could happen, and on the golf cart side we'd have to have regulations proposed by the HOA, and then I agree with the comment that it should probably be the master HOA, not the neighborhood HOAs because they could have different regulations as far as golf carts are concerned because that wouldn't be a very good idea for the community. Anyway, that's my thoughts.
Mr. Winkeljohn: Ok, thank you. So, with no objection from the Board we can proceed on that path if you will, and I can circulate that to the master, and who runs the master, do you do it?
Ms. Sarver: Yes, we do.
Mr. Winkeljohn: Ok, so I can circulate a sample agreement, they're fairly boilerplate, and then we would gather and you can adopt the rules as you want once we adopt it.
Ms. Sarver: We have rules on the HOA side for golf cart operations that our corporate legal counsel has approved based upon Statutes and everything, so I can send those to you.
Mr. Ratz: My only concern is what the attorney said about it being on a public road, meaning it has to comply with what the standard rules and regulations are.
Mr. Winkeljohn: Right, so a typical COD agreement would say exactly that, these are public roads and you can't violate any other state law or local laws.
Mr. Ratz: Ok, so can we make a motion to allow the COD to enter into an agreement today so that it doesn't have to go before the COD again?
Mr. Winkeljohn: Yes, a motion to authorize execution of said agreement in form. Mr. Ratz: Right, so that we don't have to bring it back to the COD again.
Mr. Knight: It would be an agreement as far as the parking regulations, enforcing of the parking rules, it would be an agreement and the HOA would have to do the enforcement because the COD would not be enforcing those rules.
Mr. Ratz: Yes.
Mr. Knight: And on the golf cart side, the HOA adopting rules relating to the, if you have already done, fine, and then bring those back to the COD Board for just an approval.
Mr. Winkeljohn: Subject to legal review, how's that?

Mr. Ratz: Ok.
Mr. Knight: And that would be it. Mr. Winkeljohn: Is there a motion?

On MOTION by Ms. Sarver seconded by Mr. Beckta with all in favor, authorizing the COD to enter into an agreement with the Master HOA of said agreement in form subject to District Counsel review was approved.

Mr. Winkeljohn: So, we'll act accordingly and that allows our friends in the community to start moving in that direction.

SIXTH  ORDER OF BUSINESS	Consideration	of	Engagement
letter with Grau & Associates to perform the Audit for Fiscal Year Ending September 30, 2019
Mr. Winkeljohn: Item No. 6 is an annual procedure to engage with our auditing firm, we've already selected the auditor but each year they come back with a form of engagement. Is there a motion to authorize execution?

On MOTION by Ms. Sarver seconded by Ms. Thomas with all in favor, accepting the engagement letter with Grau & Associates to perform the audit for fiscal year ending September 30, 2019 was approved.

SEVENTH  ORDER OF BUSINESS	Staff Reports
Mr. Winkeljohn: That brings us to staff reports, Gerry anything for us today?

Attorney
Mr. Knight: Nothing to report.

Engineer
Mr. Winkeljohn: I have nothing from the engineer.

Manager
Mr. Winkeljohn: And nothing from the manager.

EIGHTH ORDER OF BUSINESS	Financial Reports
Approval of Check Run Summary
Approval of the Combined Balance Sheet
Mr. Winkeljohn: Under financial reports, that includes the check run summary, balance sheet and income statement. It's the first set of financials for the year so there's no revenue but the routine contractual expenses were incurred, so they're not very alarming or interesting at this point, and nothing of interest to report. Is there a motion to accept the financials?

On MOTION by Ms. Sarver seconded by Ms. Koza with all in favor, the Check Run Summary and the Combined Balance Sheet were approved.

NINTH  ORDER OF BUSINESS	Supervisors	Requests	and
Audience Comments
Mr. Winkeljohn: With that, we can open the meeting up to any other requests that are not on the agenda, or any audience comments or questions. Anything from our Supervisors? Yes?
A resident: On the road with the infrastructure, and the road system, and those carts that you were talking about, and going to the HOA, is that we're understanding phase 1 has their own HOA, phase 2 and whatever, if there's a 3rd, will eventually take place, but is the master over all those HOAs?
Ms. Sarver: Yes.
A resident: Ok, so technically I would think the master would decide what the usage of that is instead of each HOA.
Mr. Winkeljohn: Yes, that's what we just agreed to. Ms. Sarver: Correct.
A resident: Ok, that's what I thought.
Mr. Winkeljohn: And internally if there's a specific need of either of the HOAs, the sub HOAs, if you will, they would have to harmonize somehow.

A resident: Well, that's what I would think.
Mr. Winkeljohn: And it's pretty standard usually, parking is the only one where one area may have different kinds of parking issues than another because of geography or layout but that's about the only variance I can think of. Yes ma'am?
A resident: I have 2 questions. We still have construction going on in phase 2 and phase 3 of Waterford, and the heavy construction trucks are still coming in on the main gates, so that's going to put wear and tear onto the roads that are now no longer COD but under control of the master, so will we be able to, other than there's a sign out there that tells them not to go in that way, is there some other way that we can enforce that? Then my second question is, that there's more than a mile from the front gate to the first stop sign and the speed limits in there are in excess of the 20 to 25 mph and our own residents are doing it and the trucks do it, so we're concerned about children and people getting hit, so I had one of the residents work up putting in stop signs at several of the streets to slow people down rather than using a speed bump, is that a possibility that we can number one, ensure that the trucks don't come in the front and how do we get multiple stop signs on that mile of roadway there on Waterford Parkway? Mr. Winkeljohn: The developer and construction folks would probably be able to address the truck routing better than anyone I would assume, that won't preclude a resident who has a moving vehicle or some work at their house, and the gates, are they
staffed, are there people there?

Mr. Ratz:	No, they're not, and as the developer we will maintain that, our construction vehicles can use either gate.
A resident:	And then what happens about with the wear and tear and the excessive noise?
Mr. Ratz: It's a public road, and it's not the HOA's road, it's a COD road.
A resident:	Right, I understand that, it's under the COD which is being turned over to the master.
Mr. Ratz: No, it's not being turned over to the master, the COD will always own the road.
A resident: Ok.

Mr. Winkeljohn: Yes, they'll own the road, all we talked about earlier was some of the enforcement options.
Mr. Ratz: Yes, the.road is a public road and it's available for use for anybody.

At this point several people were talking at one time, and no one
conversation could be heard)

Mr. Ratz: So, we're trying to direct traffic that way but, we all know that people are going to take the shortest route, the GPS doesn't take them there, there's a school zone and everything else with the other one, so we're going to encourage them to do it but we're not saying you must do this.
A resident: And what about stop signs, are you going to do anything about that? Mr. Ratz: We added stop signs or speed limit signs on Waterford Parkway.
Mr. Winkeljohn: Speed limit.
A resident: Speed limit, but they're going in excess of 25 mph up to 40 and 50
mph.
Mr. Ratz: We've taken some steps to try and slow that down, but again, people
are people, they're going to do what they do, and we're trying to do more to make them slow down.
A resident: So, can we provide a possible plan for stop signs?
Mr. Ratz: I actually had one and then if we did that, we'd have to stripe the road, and there's things about that we can't necessarily do because it's not part of the county approved site development plan.
A resident: Ok.
Mr. Ratz: So, if it continues to be a problem, we'll look at it again. A resident: Ok.
Mr. Winkeljohn: Yes sir?
A resident: Just to add to that, it's a public road, it's a gated community, so it's a private community.
Mr. Winkeljohn: Well, there's such a thing as a soft gate, which is in the middle of what you just described, which means you're allowed to have a gate, the gate operates, but it cannot deny access to the public access road.

A resident: So, you're saying that at no time we can request of the HOA that the front gate and that rear gate be locked during the day?
Mr. Winkeljohn: No.
A resident: Well, I wish they would have explained all that stuff when we bought our home there a few months ago because we thought this was a private community.
Mr. Winkeljohn: Right, and in Florida that's not unusual.
A resident: But I've seen other private communities in the front install a barrier where they have security people going through a gate and nobody is in there doing 20 mph, and I can actually tell you that they do 30 to 40 mph, so I can visually estimate the speed of a vehicle to a certain degree, so there is a lot of speeding in that area, there are a lot of kids running around, and riding bikes and kids are kids, they're going to come out of nowhere.
Mr. Winkeljohn: Ok. Yes sir?
A resident: On another issue, I sent you an email a couple of weeks ago that the grass is growing overtaking the lakes and ponds, and after emailing you, a couple of days I saw men in waders in one of the lake areas and I see that it appears the grass is dying, and I'm wondering if there is a mitigation or something you're working on?
Mr. Winkeljohn: There's a couple of things in play, the first one was, it's a little bit of the timing of the year, the chemicals start to get ahead of the growth rates as the sun angle changes, so that's one, because the lakes are treated to the regulatory level of chemicals, that's the most effective, least costly way to do that. Then, the other side, the developer hired a contractor to do some of the mitigation work, or it's really restoration if you will, Bob Bishop who just left took care of that, so now going forward the lakes will be maintained at the permitted levels. Now, I think I mentioned to you, what a lot of people think a lake should look like, is not what a lake is supposed to look like in Florida, and so there's always a bit of a learning curve, what it can look like. Their other problem, because we have to have certain percentages of native material around what they call the littoral shelf, that prevents erosion but it also is part of the natural look of the lake. A lot of people think the lake is like a TV commercial where there's perfectly manicured grass all the way to the edge and then it's just a lake, like what you would see on a golf course, similar to that, but that's actually what a lake is

supposed to look like, or should look like. It should have a gradual slope, with native grasses starting at the average high water line, and those grasses are the last part of my little lake commercial is, they're not maintained by a landscaper, they have to be maintained by a licensed lake professional, and the landscaper often have insurance limits on how close they can cut to a lake, especially with a mower because I've had many of them fall into the lakes which is very dangerous with their mower on top of them. So, all that said, as we have Juniper working and a lake contractor working we'll get better and better and it will get tighter and tighter, but both things are still true, there's limits of maintenance, there's limits of what we want to do, and what the lake should look like is as close as natural as Florida lakes should look.
A resident: Ok.
Mr. Winkeljohn: So, some of them have gotten too far one way, and we'll work to bring them back.
A resident: Just to follow up on Caroline's issue, because she's not the only one with those kind of chairs and those kinds of issues, is are we looking to address any of that because all I hear is, oh it's public roads, you can't control this, and you can't control the trucks, and we can't do this, and we can't do that, so what can we do?
Mr. Winkeljohn: Well, the actual responsibility for enforcement of the roads is actually the Sheriff's office, unless you have the police, I know you're incorporated now, but it's still the sheriff, so that's really the responsible party for some of those activities, and often what communities do is they enter into enforcement agreements with local law enforcement to do some speed control on occasion to have officer presence, to start the deterrent of bad driving, that's one thing. There's a laundry list of things you can do and while you're still being built, the developer is responsible for what it says in the construction allowances, their permit, and so you can't go too far away from what's in that, you can't go at all away from what's in the permit until the job is done. What most communities do is when the developer is finished and says thank you, see you all later, and you all take over the Board, and you have the HOA Boards, you have your engineer do a study to see what would be allowed upstream or above all of that. You can't do it easily during construction because as I just stated they're under a permit and a development order that says you can do A, B and C, but the roads can possibly be

striped differently, and speed tables. I have a big history in different types of traffic calming with landscaping that's been extremely successful for situations like that. It's a whole physiological versus physical driving habit that has to be dealt with in every community.
A resident: Ok, so primarily the developer needs to really address the construction vehicles because I see it, they blow that stop sign down all the time with their trailers and everything else, and they don't care about any of the signage that's out there.
Mr. Winkeljohn: And I can't answer that any further than we already have, but it's totally understood.
A resident: Well, I would think the superintendent should have some clout you· would think to control some of their contractors, you would think.
Mr. Winkeljohn: You hope, whatever is possible. Are there any other questions for the District? Yes ma'am?
A resident: Two weeks ago I sent an email into Paul regarding lake signs, cautioning people that there are critters that are dangerous in our lakes, and they need to be careful because we've had children playing on the edge of the lakes, and they're putting their feet in them and not knowing that because they're coming from all over the country, they don't understand Florida wildlife, so, I was wondering if that has been addressed or discussed at all?
Mr. Winkeljohn: Typically, the lakes will often have a sign or two when they're finished with construction, the District could easily add a few signs to each of the lakes at usually a fairly nominal cost. I have sample signs that I used in hundreds of communities for those exact reasons. The signs can vary on how you word them and what you put on them, I often recommend something like, caution native environment, something along those lines, but it's up to the Board to direct it but we have some funds available this year to do that. We don't have a lot of funds, because they had to raise the assessment last year, and we don't get that money until January so it's a kind of thing I could put on our next agenda.
Mr. Ratz: Yes, and if there's areas along the lake that are on the main roads that makes sense, and obviously behind the homes.

Mr. Winkeljohn: Right, wherever common area and lakes meet, that's a great place for one or two. I'm not a promoter of sign pollution but also not saying anything is bad too, so somewhere in the middle. Yes ma'am?
A resident: A question in regards to the lights, is the COD responsible for the street lights?
Mr. Winkeljohn: The streetlights, they're FPL lights?
A resident: Yes, and who orders the lights to be put there because they put them set back?
Mr. Winkeljohn: I heard this comment the other day and I think I circulated it to our Board, I don't have an answer and I don't know if anybody on the Board does as of today but, that has been passed on to me, and it sounds like a classic example of a plan but a lot of time went by and they have to go by plan, I'm guessing, I don't know. Do you know the issue?
Ms. Sarver: I asked a FPL gentleman that emailed me to see if I was happy with the LED issue, and I said well, I can't answer the LED issue but, we have another big issue and you all just installed light poles and they're literally in the middle of trees, he never responded.
Mr. Winkeljohn: Well that's something that can be pursued with FPL, I'm guessing that was what was on the plan and the trees were put in and they weren't compatible.
A resident: Can you keep us posted please?
Mr. Winkeljohn: Yes, we can keep you in the loop, so it's an interesting challenge to figure out when either trees change or lights change or something.
A resident: There's also one that's kind of leaning, and pretty obviously leaning, who should I send the number to get it straightened out so that the next wind doesn't blow it down?
Mr. Winkeljohn: FPL. A resident: Ok.
Mr. Winkeljohn: On their website you can get the number off the pole and just keep putting it in there, that's the fastest most effective way.
A resident: Ok.

Mr. Winkeljohn: Yes sir?
A resident: I have a question, the COD is responsible for the open grass areas? Mr. Winkeljohn: Some of them, yes.
A resident: Most of them?
Mr. Winkeljohn: Yes, the common areas.
A resident: Alright, how about the ditch that goes from house to house? Mr. Winkeljohn: There's a drainage swale, what's the issue with it?
A resident: There are trees growing in it, wild trees and bushes are growing out of it, I call it the ditch.
Mr. Winkeljohn: What were the streets? Ms. Sarver: Micasa, it runs in a circle.
A resident: And they're also wild growth of wild ponds and bushes, a mess of stuff that the developer didn't plant, and they should be taken care of so they don't get big and then cost 4 times as much to cut down.
Mr. Winkeljohn: Off the top of my head I'm not familiar with how it's designed and what it's for, but we can look at it. I have a note to look into it.
A resident: Ok.
Mr. Winkeljohn: Any other questions? Yes sir?
A resident: I have a question. Being new to the community, you had 3 resignations, and you appointed 3 people, how does that process work?
Mr. Winkeljohn: The way the Statutes deal with vacancies on the Board is the Board is responsible for appointing to the vacancies, until such time as there's an election and then the natural end of term would create an election. As your community has built out and you'll be on general elections for certain seats, and then those seats would be filled that way, but at this point just the Board appoints them.
A resident: Ok, and what are the terms of the seats?
Mr. Winkeljohn: They're either 2 or 4 years terms, and if you give me one second I'll look at that.
A resident: And these new ones just fulfill that term?

Mr. Winkeljohn: Yes, they just finish the term. So, Bob's term, seat #3 expires next November, Adam's seat is 2022, and John's seat is 2020, so two of them are up in November, and one of them is in 2022.
A resident: Ok and where do you vote, at the regular elections for this?
Mr. Winkeljohn: For the ones that go on the ballot, yes it would be in your county election.
A resident: But is that by district?
Mr. Winkeljohn: If you're registered to vote, your ballot will have that seat on it if it's eligible.
A resident: Ok.
Ms. Sarver: And that's when you have somebody from the community that submits to the county to run for that office because you have to do it just like you're running for any public office.
Mr. Winkeljohn: Right. Are there any other questions?

TENTH ORDER OF BUSINESS	Adjournment
Mr. Winkeljohn: If not, there's no other business for the District, I can take a motion to adjourn.

On MOTION by Ms. Sarver seconded by Mr. Beckta with all in favor, the Meeting was adjourned.

Secretary  / Assistant Secretary	Chairman / Vice Chairman

A RESOLUTION OF THE WATERFORD ESTATES COMMUNITY DEVELOPMENT DISTRICT APPROVING THE DISTRICT'S PROPOSED BUDGET FOR FISCAL YEAR 2021 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW

and

WHEREAS, the District Manager has prepared the proposed budget for the Fiscal Year 2021;

WHEREAS, the Board of Supervisors approves the proposed budget for purpose of submitting said budget to the local governing authorities not less than 60 days prior to the public hearing date in accordance with Chapter 190.00S(b), Florida Statutes: and

WHEREAS, the Board of Supervisors desires to set the public hearing date;

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE WATERFORD ESTATES COMMUNITY DEVELOPMENT DISTRICT:

The proposed budget for Fiscal Year 2021 is hereby approved for the purpose of conducting a public hearing to adopt said budget.
A public hearing on said approved budget is hereby declared and set for the following date, hour and place:

Date:	 Hour:	 Place:      	

Notice of public hearing shall be published in accordance with Florida Law. Adopted this 	day of--- 2020.

ChairmanNice Chairman

Secretary/Assistant Secretary

Proposed Budget
Fiscal Year 2021

Waterford Estates Community Development District

May 41 2020

Waterford Estates
Community Development District

TABLE OF CONTENTS

General Fund
Budget
Reserve Allocations Budget Narrative

Page 1
Page 2
Page 3-5

Debt Service Fund

Budget-2006A Amortization Schedule Budget - 2006B Amortization Schedule

Page 6
Page 7
Page 8
Page 9

Waterford Estates		
Community Development District					General Fund	
	Adopted	Actual	Projected	Total	Proposed	
	Budget	Thru	Next	Projected	Budget	
Description	2020	3/31/2020	6 Months	9/30/2020	FY 2021	

Revenues						
Assessments- On Roll (Net)	$243,637	$173,571	$5,030	$178,602	$243,637	
Assessments- Direct	$0	$82,026	$0	$82,026 .	$0	
Interest Income	$0	$22	$22	$44	$0	
TOTAL REVENUES	$243,637	$255,620	$5,052	$260,672	$243,637	

Expenditures						
Administrative						
Supervisors	$6,000	$400	$2,000	$2,400	$6,000	
FICA Expense	$459	$31	$153	$184	$459	
Engineering	$12,000	$3,100	$6,500	$9,600	$10,000	
Arbitrage	$1,200	$600	$0	$600	$600	
Dissemination	$4,000	$4,000	$0	$4,000	$4,000	
Attorney	$30,000	$3,346	$4,685	$8,032	$20,000	
Attorney-Default	$15,000	$0	$0	$0	$15,000	
Ann ua I Aud it	$4,950	$4,400	$0	$4,400	$4,500	
Trustee Fees	$6,500	$0	$6,500	$6,500	$6,500	
Management Fees	$41,200	$20,600	$20,600	$41,200	$41,200	
Computer Time	$1,000	$500	$500	$1,000	$1,000	
Telephone	$500	$0	$25	$25	$500	
Postage	$500	$108	$223	$331	$500	
Printing & Binding	$1,000	$82	$436	$518	$1,000	
Meeting Room Rental	$375	$50	$100	$150	$375	
Insurance	$6,003	$5,894	$0	$5,894	$6,483	
Legal Advertising	$750	$79	$888	$967	$1,000	
Other Current Charges	$1,000	$345	$345	$690	$720	
Office Supplies	$225	$20	$38	$57	$225	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
Website Compliance	$1,000	$500	$500	$1,000	$1,000	
TOTAL ADMINISTRATIVE	$133,837	$44,229	$43,493	$87,722	$121,237	

Field						
Electric	$18,100	$12,445	$12,445	$24,891	$25,000	
Grounds Maintenance-Phase 1	$31,200	$15,600	$15,600	$31,200	$31,200	
Grounds Maintenance-Phase 2	$31,200	$0	$31,200	$31,200	$31,200	
Irrigation Maintenance	$2,000	$3,372	$0	$3,372	$3,500	
Lake Bank Mowing	$7,000	$0	$7,000	$7,000	$7,000	
Swale Maintenance	$5,000	$675	$4,325	$5,000	$5,000	
Lake Maintenance	$6,000	$8,900	$5,100	$14,000	$10,200	
Mitigation Monitoring	$6,500	$0	$6,500	$6,500	$6,500	
Exotic Removal	$2,800	$1,625	$0	$1,625	$2,800	
TOTAL FIELD	$109,800	$42,618	$82,170	$124,788	$122,400	
						
TOTAL EXPENDITURES	$243,637	$86,847	$125,664	$212,510	$243,637	
						
EXCESS REVENUES (EXPENDITURES)	$0	$168,773	($120,611)	$48,162	$0	

Net Assessment
Discounts/Collection Fees Gross Assessment	$243,637
 	$15,551
$259,188	
# of Units	603	
Gross per Unit Assessment	$429.83	

Page 1

WATERFORD ESTATES COMMUNITY DEVELOPMENT DISTRICT
Exhibit "A"
Allocation of Operating Reserve

IDescription	Amount

Beginning Balance - Carry Forward Surplus (As of 10/1/2019)		$72,827	
Estimated Excess Revenues over Expenditures		$48,162	
Less:
Funding for First Quarter Operating Expenses	

($30,600)		
Reserved for Capital Projects/ Renewal and Replacement	--	-	$0	($30,600)	

!Total Undesignated Cash as of 09/30/2020	$90,3891

REVENUES:

Special Assessments
The District will levy a non ad-valorem special assessment on all taxable property within the District to fund all of the General Operating Expenditures for the fiscal year.

EXPENDITURES:

Administrative:

Engineering Fees
The District's engineer will be providing general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review invoices, etc.

Attorney
The District's legal counsel will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating & maintenance contracts, resolutions etc.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. Per Section 218.39 of the Florida Statues, each special district with  total revenues or expenditures in excess of $100,000 OR any special district with revenue or expenses between $50,000 and $100,000 that has not been subject to a financial audit in the 2 preceding fiscal years must perform an independent annual audit.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC.

Computer Time
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services, LLC.

Telephone
Telephone and fax machine.

Postage
Mailing of agenda packages, overnight deliveries, correspondence, etc.

Insurance
. The District will bind General Liability & Public Officials Liability Insurance with a firm that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.

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

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

Other Current Charges
Bank charges and any other miscellaneous expenses that incurred during the year.

Office Supplies
Miscellaneous  office supplies.

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

Capital Outlay
Represents any minor capital expenditures the District may need to make during the Fiscal Year such as  a file cabinet for District files.

Website Compliance
Per Section 189.069 F.S., all Districts must have a website by October 1, 2015 to provide detailed information on the COD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated as required by the Statute.

Field:

Electric
Electric service provided by Florida Power and Light for the streetlights and lift station.

Grounds Maintenance
Landscape maintenance services for Phase 1 and Phase 2.

Culvert/Storm Drain Maintenance
Annual Storm Drain cleaning and maintenance for all Storm Drains throughout the District.

Lake Bank Mowing
Landscape Maintenance around all lake banks throughout the District.

Swale Maintenance
Maintenance of the Swales.

Lake Maintenance
Monthly water management services to all the lakes throughout the District.

Mitigation Monitoring
Monitoring of the District's Mitigation.

Exotic Removal
Removal of exotic plant and vegetation throughout the District.

	Waterford Estates		DEBT SERVICE FUND		
	COMMUNITY DEVELOPMENT DISTRICT		Series 2006A		
		Adopted	Proposed		
		Budget	Budget		
	Description	2020	FY 2021		

Revenues				
	Special Assessments - Direct (1)	
$128,531	
$0		
	Special Assessments - On Roll (Net)	$275,194	$386,082		
	Interest Income	$0	$2,000		
	Carry Forward Surplus	$3,175	$0		
	TOTAL REVENUES	$406,900	$388,082		

Expenditures

Series 2006A

	Interest - 11/1		$129,800	$125,538		
	Interest - 05/1		$129,800	$125,538		
	Principal - 05/01		$155,000	$155,000		
	TOTAL EXPENDITURES		$414,600	$406,075		
						
	EXCESS REVENUES		($7,700)	($17,994)		

Interest Expense 11/1/21	

$125,538		

	Planned	On Roll			
	   No. of Units		No. of Units		Gross Per Unit	 	Gross Assessmen1	
Single Family	12	12	$750	$9,000	
Single Family	199	199	$745	$148,255	
Twin Villas	266	266	$600	$159,600	
Single Family-Ph 2	126	126	$745	$93,870	
	
603	603		$410,725	
			Less Discounts and Collection Fees	($24,644)	
			Net Assessment	$386,082	

(l) Held in abeyance per settlement agreement dated November 12, 2010.

WATERFORD ESTATES		AMORTIZATION SCHEDULE COMMUNITY DEVELOPMENT DISTRICT	SERIES 2006A, SPECIAL ASSESSMENT BONDS

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	

11/01/06	
$	5,900,000	
5.50%	
$	
$	81,125.00	
$	81,125.00	
05/01/07	$	5,900,000	5.50%	$	$	162,250.00	$	
11/01/07	$	5,900,000	5.50%	$	$	162,250.00	$	324,500.00	
05/01/08	$	5,900,000	5.50%	$	80,000.00	$	162,250.00	$	
11/01/08	$	5,820,000	5.50%	$	$	160,050.00	$	402,300.00	
05/01/09	$	5,820,000	5.50%	$	$	160,050.00	$	
11/01/09	$	5,820,000	5.50%	$	$	160,050.00	$	320,100.00	
05/01/10	$	5,820,000	5.50%	$	$	160,050.00	$	
11/01/10	$	5,820,000	5.50%	$	$	160,050.00	$	320,100.00	
05/01/11	$	5,820,000	5.50%	$	$	160,050.00	$	
11/01/11	$	5,820,000	5.50%	$	$	160,050.00	$	320,100.00	
05/01/12	$	5,820,000	5.50%	$	$	160,050.00	$	
11/01/12	$	5,820,000	5.50%	$	$	160,050.00	$	320,100.00	
05/01/13	$	5,820,000	5.50%	$	$	160,050.00	$	
11/01/13	$	5,820,000	5.50%	$	$	160,050.00	$	320,100.00	
05/01/14	$	5,820,000	5.50%	$	$	160,050.00	$	
11/01/14	$	5,820,000	5.50%	$	$	160,050.00	$	320,100.00	
05/01/15	$	5,820,000	5.50%	$	$	160,050.00	$	
05/01/15	$	5,820,000	5.50%	$	30,000.00	$	825.00	$	
11/10/15	$	5,790,000	5.50%	$	35,000.00	$	962.50	$	
11/01/15	$	5,755,000	5.50%	$	$	159,225.00	$	386,062.50	
05/01/16	$	5,755,000	5.50%	$	$	158,262.50	$	
11/01/16	$	5,755,000	5.50%	$	$	158,262.50	$	316,525.00	
05/01/17	$	5,755,000	5.50%	$	$	158,262.50	$	
11/01/17	$	5,755,000	5.50%	$	$	158,262.50	$	316,525.00	
04/16/18	$	5,755,000	5.50%	$	890,000.00	$	22,435.42	$	
04/16/18	$	4,865,000	5.50%	$	$	440,550.00	$	
04/16/18	$	4,865,000	5.50%	$	$	902,326.16	$	
05/01/18	$	4,865,000	5.50%	$	$	133,787.50	$	
11/01/18	$	4,865,000	5.50%	$	$	133,787.50	$	267,575.00	
05/01/19	$	4,865,000	5.50%	$	145,000.00	$	133,787.50	$	
11/01/19	$	4,720,000	5.50%	$	$	129,800.00	$	408,587.50	
05/01/20	$	4,720,000	5.50%	$	155,000.00	$	129,800.00	$	
11/01/20	$	4,565,000	5.50%	$	$	125,537.50	$	410,337.50	
05/01/21	$	4,565,000	5.50%	$	160,000.00	$	125,537.50	$	
11/01/21	$	4,405,000	5.50%	$	$	121,137.50	$	406,675.00	
05/01/22	$	4,405,000	5.50%	$	170,000.00	$	121,137.50	$	
11/01/22	$	4,235,000	5.50%	$	$	116,462.50	$	407,600.00	
05/01/23	$	4,235,000	5.50%	$	180,000.00	$	116,462.50	$	
11/01/23	$	4,055,000	5.50%	$	$	111,512.50	$	407,975.00	
05/01/24	$	4,055,000	5.50%	$	190,000.00	$	111,512.50	$	
11/01/24	$	3,865,000	5.50%	$	$	106,287.50	$	407,800.00	
05/01/25	$	3,865,000	5.50%	$	200,000.00	$	106,287.50	$	
11/01/25	$	3,665,000	5.50%	$	$	100,787.50	$	407,075.00	
05/01/26	$	3,665,000	5.50%	$	215,000.00	$	100,787.50	$	
11/01/26	$	3,450,000	5.50%	$	$	94,875.00	$	410,662.50	
05/01/27	$	3,450,000	5.50%	$	225,000.00	$	94,875.00	$	
11/01/27	$	3,225,000	5.50%	$	$	88,687.50	$	408,562.50	
05/01/28	$	3,225,000	5.50%	$	240,000.00	$	88,687.50	$	
11/01/28	$	2,985,000	5.50%	$	$	82,087.50	$	410,775.00	
05/01/29	$	2,985,000	5.50%	$	250,000.00	$	82,087.50	$	
11/01/29	$	2,735,000	5.50%	$	$	75,212.50	$	407,300.00	
05/01/30	$	2,735,000	5.50%	$	265,000.00	$	75,212.50	$	
11/01/30	$	2,470,000	5.50%	$	$	67,925.00	$	408,137.50	
05/01/31	$	2,470,000	5.50%	$	280,000.00	$	67,925.00	$	
11/01/31	$	2,190,000	5.50%	$	$	60,225.00	$	408,150.00	
05/01/32	$	2,190,000	5.50%	$	295,000.00	$	60,225.00	$	
11/01/32	$	1,895,000	5.50%	$	$	52,112.50	$	407,337.50	
05/01/33	$	1,895,000	5.50%	$	315,000.00	$	52,112.50	$	
11/01/33	$	1,580,000	5.50%	$	$	43,450.00	$	410,562.50	
05/01/34	$	1,580,000	5.50%	$	330,000.00	$	43,450.00	$	
11/01/34	$	1,250,000	5.50%	$	$	34,375.00	$	407,825.00	
05/01/35	$	1,250,000	5.50%	$	350,000.00	$	34,375.00	$	
11/01/35	$	900,000	5.50%	$	$	24,750.00	$	409,125.00	
05/01/36	$	900,000	5.50%	$	370,000.00	$	24,750.00	$	
11/01/36	$	530,000	5.50%	$	$	14,575.00	$	409,325.00	
05/01/37	$	530,000	5.50%	$	390,000.00	$	14,575.00	$	404,575.00	
 	Total				   $	5,760,000 	   $	8,268,911.58 	   $	11,773,600.00 	

Page 7

Waterford Estates
COMMUNITY DEVELOPMENT DISTRICT

DEBT SERVICE FUND
Series 20068

 	 	
Adopted	Proposed
Budget	Budget
Description		2020	 	FY 2021	

Revenues

Assessments	$256,250	$256,250

TOTAL REVENUES	$256,250	$256,250

Expenditures

Series 2006B

Interest - 11/1	$128,125	$128,125	
Interest - 05/1	$128,125	$128,125	
TOTAL EXPENDITURES	$256,250	$256,250	
			
EXCESS REVENUES	$0	$0	

Page8

WATERFORD ESTATES		AMORTIZATION SCHEDULE COMMUNITY DEVELOPMENT DISTRICT	SERIES 200GB, SPECIAL ASSESSMENT BONDS

DATE	BALANCE	RATE		PRINCIPAL	INTEREST	TOTAL	

11/01/06	
$ 6,895,000	
5.125%	
$		
$	88,342.19	$	88,342.19	
05/01/07	$ 6,895,000	5.125%	$		$	176,684.38	
11/01/07	$ 6,895,000	5.125%	$		$	176,684.38	$	353,368.75	
05/01/08	$ 6,895,000	5.125%	$		$	176,684.38	
11/01/08	$ 6,895,000	5.125%	$		$	176,684.38	$	353,368.75	
05/01/09	$ 6,895,000	5.125%	$		$	176,684.38	
11/01/09	$ 6,895,000	5.125%	$		$	176,684.38	$	353,368.75	
05/01/10	$ 6,895,000	5.125%	$		$	176,684.38	
11/01/10	$ 6,895,000	5.125%	$		$	176,684.38	$	353,368.75	
05/01/11	$ 6,895,000	5.125%	$		$	176,684.38	
11/01/11	$ 6,895,000	5.125%	$		$	176,684.38	$	353,368.75	
05/01/12	$ 6,895,000	5.125%	$		$	176,684.38	
11/01/12	$ 6,895,000	5.125%	$		$	176,684.38	$	353,368.75	
05/01/13	$ 6,895,000	5.125%	$		$	176,684.38	
11/01/13	$ 6,895,000	5.125%	$		$	176,684.38	$	353,368.75	
05/01/14	$ 6,895,000	5.125%	$		$	176,684.38	
11/01/14	$ 6,895,000	5.125%	$		$	176,684.38	$	353,368.75	
05/01/15	$ 6,895,000	5.125%	$	375,000	$	176,684.38		
11/01/15	$ 6,520,000	5.125%	$	320,000	$	167,075.00	$ 1,038,759.38	
05/01/16	$ 6,200,000	5.125%	$	$	158,875.00		
11/01/16	$ 6,200,000	5.125%	$	$	158,875.00	$	317,750.00	
05/01/17	$ 6,200,000	5.125%	$	$	158,875.00		
11/01/17	$ 6,200,000	5.125%	$	$	158,875.00	$	317,750.00	
04/16/18	$ 6,200,000	5.125%	$1,200,000	$	28,187.50	$	
05/01/18	$ 5,000,000	5.125%	$	$	128,125.00	$	
11/01/18	$ 5,000,000	5.125%	$	$	128,125.00	$ 1,484,437.50	
05/01/19	$ 5,000,000	5.125%	$	$	128,125.00	$	128,125.00	
11/01/19	$ 5,000,000	5.125%	$	$	128,125.00	$	384,375.00	
05/01/20	$ 5,000,000	5.125%	$	$	128,125.00	$	128,125.00	
11/01/19	$ 5,000,000	5.125%	$	$	128,125.00	$	384,375.00	
05/01/20	$ 5,000,000	5.125%	$ 5,000,000	$	128,125.00	$ 5,128,125.00	
 	Total				   $ 6,895,000 	   $ 4,819,614.06 	   $ 12,227,114.06 	

Page9

Sample Waterford Estates
Community Development District
Landowners Meeting Agenda

Monday November 2, 2020
11:00 a.m.

Call to Order

First Presbyterian Church of Punta Gorda
25250 Airport Road Punta Gorda, Florida 33950

Election of a Chairman for the Purpose of Conducting the Landowners Meeting

Determination of Number of Voting Units Represented

Nominations for the Position of Supervisors

Casting of Ballots

Tabulation of Ballots and Announcement of Results

Adjournment

Sample
OFFICIAL BALLOT WATERFORD ESTATES
COMMUNITY DEVELOPMENT DISTRICT CHARLOTTE, FLORIDA
LANDOWNERS MEETING FRIDAY NOVEMBER 2, 2020

For Interval Elections (3 Supervisors):The two candidates receiving the most votes will each receive a four (4) year term; the recipient of the next highest vote count will receive a two (2) year term.

The undersigned certifies that they are the fee simple owner or proxy holder of the landowner (proxy form attached) of the land described in the attachment hereto, which land lies within the boundaries of the Waterford Estates Community Development District;

***LEGAL DESCRIPTION OF PROPERTY ATTACHED***

and cast their vote(s) for the following:

NAME OF CANDIDATE	NUMBER OF VOTES
1. _  _	_	_	_	_	_	_	(Seat1)	 	
2.	(Seat3)	 	
3. 	(Seat 5)	 	

Dated: -	-	-	-

Signed: _  _	_	_  _	_	_	_	_
Name: - - - - - - - - -

Sam12.le
LANDOWNER PROXY LANDOWNERS MEETING - November 2, 2020
WATERFORD ESTATES COMMUNITY DEVELOPMENT DISTRICT CHARLOTTE COUNTY, FLORIDA
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, the fee simple owner of the lands described herein, hereby constitutes and appoints:

Proxy Holder
for and on behalf of the undersigned, to vote as proxy at the meeting of the landowners of the Waterford Estates Community Development District to be held at the First Presbyterian Church of Punta Gorda, 25250 Airport Rd., Punta Gorda, FL 33950 on November 2, 2020 at 11:00 a.m., and at any continuances or adjournments thereof , according to the number of acres of unplatted land and/or platted lots owned by the undersigned landowner which the undersigned would be entitled to vote if then personally present, upon any question, proposition, or resolution or any other matter or thing which may be considered at said meeting including, but not limited to, the election of membesr of the Board of Supervisors.  Said Proxy Holder may vote in accordance with their discretion on all matters not known or determined at the time of solicitation of this proxy, which may legally be considered at said meeting.

Any proxy heretofore given by the undersigned for said meeting is hereby revoked. This proxy is to continue in full force and effect from the date hereof until the conclusion of the annual meeting and any adjournment or adjournments thereof, but may be revoked at any time by written notice of such revocation presented at the annual meeting prior to the Proxy Holder exercising the voting rights conferred herein.

Print or type name of Landowner

(or, if applicable, authorized representative of Landowner)

Date

Signature of Landowner, or Landowner Representative

Parcel Description	Acreage	Authorized Votes*

(must be street address, tax parcel ID number, or legal description attached)

Total Number of Authorized Votes:
* Pursuant to section 190.006(2)(b), Florida Statutes (2007), a fraction of an acre is treated as one (1) acre entitling the landowner to one vote with respect thereto.

Please note that a particular real property is entitled to only one vote for each eligible acre of lands or fraction thereof; two (2) or more persons who own real property in common that is one acre or less are together entitled to only one vote for that real property. If the fee simple landowner is not an individual, and is instead a corporation, limited liability company, limited partnership or other entity, evidence that the individual signing on behalf of the entity has the authority to do so should be attached hereto. (e.g., bylaws, corporate resolution, etc.). If more than one parcel, each must be listed or described.

INSTRUCTIONS RELATING TO LANDOWNERS MEETING
OF WATERFORD ESTATES COMMUNITY DEVELOPMENT DISTRICT FOR THE ELECTION OF SUPERVISORS
DATE OF LANDOWNERS MEETING: NOVEMBER 2, 2020 TIME:  11:00 A.M.
LOCATION:	FIRST PRESBYTERIAN CHURCH OF PUNTA GORDA 25250 AIRPORT RD., PUNTA GORDA, FL 33950

Pursuant to Chapter 190, Florida Statutes, after a Community Development District ("District") has been established and the landowners have held their initial election, there shall be a subsequent landowners' meeting for the purpose of electing members of the Board of Supervisors every two years until the District qualifies to have its board members elected by the qualified electors of the district. The following instructions on how all landowners may participate in the election is intended to comply with Section 190.006(2)(b), Florida Statutes, as amended by Chapter 2004-353, Laws of Florida.

A landowner may vote in person at the Landowner's Meeting, or the landowner may nominate a proxy holder to vote at the meeting in place of the landowner. Whether in person or by proxy, each landowner shall be entitled to cast one vote per acre of land owned by him or her and located within the District, for each person that the landowner desires to elect to a position on the Board of Supervisors that is open for election for the upcoming term (three (3) seats on the Board will be up for election). A fraction of an acre shall be treated as one (1) acre, entitling the landowner to one vote with respect thereto. Please note that a particular real property is entitled to only one vote for each eligible acre of land or fraction thereof; therefore, two or more people who own real property in common, that is one acre or less, are together entitled to only one vote for that real property.

At the Landowners' Meeting, the first step is to elect a chair for the meeting, who may be any person present at the meeting. The landowners' shall also elect a secretary for the meeting who may be any person present at the meeting. The secretary shall be responsible for the minutes of the meeting. The chair shall conduct the nominations and the voting. If the chair is a landowner or proxy holder of a landowner, he or she may nominate candidates and make and second motions. Candidates must be nominated and then shall be elected by a vote of the landowners. Nominees may be elected only to a position on the Board of Supervisors that is open for election for the upcoming term. The two candidates receiving the highest number of votes shall be elected for a term of four (4) years, and the remaining candidate elected shall serve for a two (2) year term. The term of office for each successful candidate shall commence upon election. Thereafter, there shall be an election of supervisors for the District every two (2) years in November on a date established by the Board of Supervisors upon proper notice until the District qualifies to have its board members elected by the qualified electors of the District.

A proxy is available upon request. To be valid, each proxy must be signed by one of the legal owners of the property for which the vote is cast and must contain the typed or printed name of the individual who signed the proxy; the street address, legal description of the property or tax parcel identification number; and the number of authorized votes. If the proxy authorizes more than one vote, each property must be listed and the number of acres of each property must be included. The signature on a proxy does not need to be notarized.

NOTICE OF QUALIFYING PERIOD FOR CANDIDATES FOR THE BOARD OF SUPERVISORS OF THE
WATERFORD ESTATES COMMUNITY DEVELOPMENT DISTRICT

Notice is hereby given that the qualifying period for candidates for the office of Supervisor of the Waterford Estates Community Development District will commence at noon on June 8, 2020 and close at noon on June 12, 2020. Candidates must qualify for the office of Supervisor with the Charlotte County Supervisor of Elections located at the Historic Courthouse, 226 Taylor Street, Punta Gorda, Florida 33950 and the telephone number is 941-833-5400. All candidates shall qualify for individual seats in accordance with section 99.061, Florida Statutes, and must also be qualified electors of the District. A qualified elector is any person at least 18 years of age who is a citizen of the United States, a legal resident of the State of Florida and of the District, and
-vyho is registered to vote with the Cha:r;lotte County Supervisor of Elections. Campaigns shall be conducted in accordance with Chapter 106, Florida Statutes.
The Waterford Estates ornmunity Development District has two seats up for election, specifically seat #3, and seat #5. Each seat carries a four-year term of office. Elections are nonpartisan and will be held at the same time as the general election on November 3, 2020, in the manner prescribed by law for general elections.

For additional information, please contact the Charlotte County Supervisor of Elections.

Waterford Estates
Community Development District

Check  Run Summary

	May 4, 2020		

Date	
Check Numbers	Amount	
12/11/19	683-688	$51,023.45	
12/24/19	689-691	$93,879.33	
01/14/20	692-697	$17,058.83	
02/18/20	698-703	$151,257.31	
03/11/20	704-706	$5,038.92	
03/24/20	707-711	$2,762.39	
04/21/20	712-718	$26,187.79	
Total		$347 208.02	

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

12/11/19	00005	10/31/19	

12/11/19	
00012	
11/25/19	

12/11/19	
00003	
12/03/19	

12/11/19	
00001	
12/01/19	
		12/01/19	
		12/01/19	
		12/01/19	
		12/01/19	
		12/01/19	
		12/01/19	

12/11/19	
00037	
11/30/19	
		12/02/19	

12/11/19	
00018	
12/20/19	

12/24/19	
00008	
12/09/19	

12/24/19	
00033	
12/10/19	

159340	201910 310-51300-31500
SVCS 10/19

STATUS

*

AMOUNT	....CHECK.....
AMOUNT	#
630.00

BILLING,COCHRAN,LYLES,MAURO & RAMSE
191125P	201911 310-51300-42000 POSTAGE2019 NOTICE OF TAX

- - - - - - - - - -

630.00	000683	

19.98	
000684	

29.71	
000685	

*	19.98

CHARLOTTE COUNTY TAX COLLECTOR
6-856-46 201911 310-51300-42000
DELIVERIES THRU 11/22/19

- - - - - - - - - -
*	29.71

FEDEX
177	201912 310-51300-34000
MANAGEMENT FEES 12/19
177	201912 310-51300-35100
COMPUTER TIME
177	201912 310-51300-31300
DISSEMINATION AGENT SVCS
177	201912 310-51300-35101
WEBSITE ADMINISTRATION
177	201912 310-51300-51000
OFFICE SUPPLIES
177	201912 310-51300-42000
POSTAGE
177	201912 310-51300-42500
COPIES
GMS - SF, LLC
74779	201911 320-53800-35000
WET CHECK REPAIRS
74569	201912 320-53800-46200
MAINT 12/19
JUNIPER LANDSCAPING OF FL LLC
122019	201912 300-20700-10200
TXFER OF TAX RCPTS FY20
WATERFORD ESTATES CDD
5344	201911 310-51300-31100
SVCS 11/09-12/06/19
ALVAREZ ENGINEERS, INC.
55463-11 201911 320-53800-43000
ELECTRIC 11/08-12/10/19
FPL

- - - - - - - - - -
*	3,433.33
*	83.33
*	333.33
*	83.33
*	15.00
*	5.52
*	68.55

-	-

4,022.39 000686
-   -   -   -   -   -   -   -   -   -   -	-	-
*	114.81
*	2,600.00

-

2,714.81 000687
-   -   -   -   -   -   -   - -     -	- - - -
*	43,606.56
43,606.56 000688
- - - - - - - - - - - - - - -
*	2,547.39
2,547.39 000689
- - - - - - - - - - - - - - -
*	2,129.30
2,129.30 000690

WATE WATERFORD ESTS SROSINA

CHECK DATE	VEND#	.....INVOICE........EXPENSED TO...
DATE	INVOICE	YRMO  DPT ACCT# SUB	SUBCLASS	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
AMOUNT	#	
12/24/19	00018	12/24/19	122019
TXFER	201912 300-20700-10200
OF TX RECPTS		*						89,202.64			
				WATERFORD	ESTATES CDD		-	
-	-	-	
-	- - - - -	89,202.64	000691	
1/14/20	00005	11/30/19	159809	201911 310-51300-31500
SVCS THRU 11/2019	*	1,192.50	
			BILLING,COCHRAN,LYLES,MAURO & RAMSE	-	-	-	-	-	- - - - -	1,192.50 000692
- - - - -	
1/14/20	00034	8/28/19	1843	201908 320-53800-46800	*						475.00			
		8/28/19	1843	201908 320-53800-46000
SWALE MAINT	*						675.00			
		8/28/19	1843	201908 320-53800-46801	*						1,625.00			
			MITIGATION AREA MAINT										
		10/29/19	1905	201910 320-53800-46800
LAKE MAINT 10/19	*						850.00			
		12/02/19	1937	201911 320-53800-46800	*						850.00			
			LAKE MAINT 11/19										
		12/02/19	1937	201911 320-53800-46000
SWALE MAINT	*						675.00			
		12/02/19	1937	201911 320-53800-46801
MITIGATION AREA MAINT	*						1,625.00			

- - - - -

LAKE MAINT 08/19

1/14/20 00003

1/14/20 00033

1/14/20 00001

ECOTECH ENVIRONMENTAL LLC 12/24/19 6-877-24 201912 310-51300-42000
DELIVERIES THRU 12/16/19
FEDEX
1/10/20 55463-12 201912 320-53800-43000
SVCS 12/10-01/10/20
FPL
1/01/20 178	202001 310-51300-34000
MGMT FEES 01/2020
1/01/20 178	202001 310-51300-35100
COMPUTER TIME
1/01/20 178	202001 310-51300-31300
DISSEMINATION AGENT SVCS 1/01/20 178	202001 310-51300-35101
WEBSITE ADMINISTRATION
1/01/20 178	202001 310-51300-42000
POSTAGE
1/01/20 178	202001 310-51300-42500
COPIES

-   -   -  -   -   -   -   -   - -
*	16.43

*	2,119.54

*	3,433.33
*	83.33
*	333.33
*	83.33
*	2.50
*	2.10

6,775.00 000693

16.43 000694

2,119.54 000695

GMS - SF, LLC	3,937.92 000696

WATE WATERFORD ESTS SROSINA

DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS			AMOUNT	#	
1/14/20 00037	1/01/20	76469	202001 320-53800-46200
2020 MAINT CONTRACT	*	2,600.00			
	1/03/20	76799	201912 320-53800-35000	*	417.44			

CHECK VEND#	.....INVOICE........EXPENSED TO...	VENDOR NAME

STATUS

AMOUNT	....CHECK.....

WET CHECK REPAIRS 12/19

JUNIPER LANDSCAPING OF FL LLC

3,017.44 000697
- - - - - - - - - - - - - - -

2/18/20 00005

2/18/20 00033

12/31/19 160225	201912 310-51300-31500
SVCS THRU 12/2019
BILLING,COCHRAN,LYLES,MAURO & RAMSE
2/10/20 55463-01 202001 320-53800-43000

*	523.99
523.99 000698
- - - - - - - - - - - - - - -
*	2,119.54

SVCS 01/10-02/10/2020

FPL

2,119.54 000699

- -

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

2/18/20 00001

2/01/20 179	202002 310-51300-34000
MGMT FEES 02/2020
2/01/20 179	202002 310-51300-35100
COMPUTER TIME
2/01/20 179	202002 310-51300-31300
DISSEMINATION AGENT SVCS 2/01/20 179	202002 310-51300-35101
WEBSITE ADMINISTRATION
2/01/20 179	202002 310-51300-42000
POSTAGE AND DELIVERY
2/01/20 179	202002 310-51300-42500
COPIES
GMS	SF, LLC

2/18/20	00037	2/03/20	79298
MAINT	202002
02/2020	

2/18/20	
00035	
10/14/19	
208	
201910	

320-53800-35000
JUNIPER LANDSCAPING OF FL LLC 310-51300-31300
ANNUAL DISCLOSURE FY19/20
LERNER REPORTING SERVICES INC

2/18/20	00018	2/18/20	

3/11/20	
00005	
1/31/20	

3/11/20	
00001	
3/01/20	

022020	202002 300-20700-10200
TXFER OF TAX RCPTS
WATERFORD ESTATES CDD
160716	202001 310-51300-31500
SVCS THRU 01/2020

*	3,433.33
*	83.33
*	333.33
*	83.33
*	6.00
*	3.45

- -

3,942.77 000700
-   -   -   -   -  -  -	- - - - - -
*	2,600.00
2,600.00 000701
- - - - - - - - - - - - - - -
*	4,000.00

-

4,000.00 000702
- - - - - - - - - - - - - -
*	138,071.01

- -

138,071.01 000703
-   -  -  -	- - - - - -
*	500.00

BILLING,COCHRAN,LYLES,MAURO & RAMSE
180	202003 310-51300-34000
MGMT FEES 03/2020

*	3,433.33

500.00 000704

WATE WATERFORD ESTS SROSINA

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

STATUS

AMOUNT

....CHECK.....
AMOUNT	#

	3/01/20	180	202003 310-51300-35100
COMPUTER TIME		*	83.33		
	3/01/20	180	202003 310-51300-31300
DISSEMINATION AGT-REFUND		*	1,666.67-			
	3/01/20	180	202003 310-51300-35101		*	83.33			
		WEBSITE ADMINISTRATION						
	3/01/20	180	202003 310-51300-51000
OFFICE SUPPLIES		*	.15			
	3/01/20	180	202003 310-51300-42000		*	5.00			
		POSTAGE AND DELIVERY						
	3/01/20	180	202003 310-51300-42500
COPIES		*	.45			

3/11/20	
00037	
3/02/20	GMS
81782	202003 320-53800-46200
MAINT	03/2020	- SF, LLC	
*	
2,600.00	1,938.92	000705	

3/24/20 00005

3/24/20 00003

JUNIPER LANDSCAPING OF FL LLC
2/29/20 161104	202002 310-51300-31500	*
SVCS THRU 02/29/2020
BILLING,COCHRAN,LYLES,MAURO & RAMSE
3/10/20 6-952-86 202003 310-51300-42000	*
DELIVERIES THRU 03/03/20

500.00

17.23

2,600.00 000706

500.00 000707

3/24/20 00033

3/24/20 00037

FEDEX
3/10/20 55463-02 202002 320-53800-43000
SVCS 02/10-03/10/2020
FPL
3/10/20 83115	202002 320-53800-35000
IRRIGATION REPAIRS 2/29

*	2,119.54

*	46.97

17.23 000708

2,119.54 000709

3/24/20 00004

JUNIPER LANDSCAPING OF FL LLC
3/12/20 3743237	202002 310-51300-48000	*
NOTICE OF MEETING

78.65

46.97 000710

4/21/20 00033

4/21/20 00001

SUN NEWSPAPERS
4/09/20 55463-03 202003 320-53800-43000
SVCS 03/10-04/09/20
FPL
4/01/20 181	202004 310-51300-34000
MGMT FEES 04/2020
4/01/20 181	202004 310-51300-35100
COMPUTER TIME

*	2,119.54

*	3,433.33
*	83.33

78.65 000711

2,119.54 000712

WATE WATERFORD ESTS SROSINA

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

STATUS	AMOUNT	....CHECK.....
AMOUNT	#

4/01/20 181
WEBSITE

202004 310-51300-35101
ADMINISTRATION

*	83.33

4/01/20 181
POSTAGE

202004 310-51300-42000
AND DELIVERY

*	2.50

GMS - SF, LLC

4/21/20	00010	4/02/20	

4/21/20	
00037	
3/31/20	
		4/01/20	

4/21/20	
00044	
1/31/20	

4/21/20	
00004	
4/24/20	

4/21/20	
00018	
4/21/20	

19475	202003 310-51300-32200
AUDIT FYE 09/30/2019
GRAU & ASSOCIATES
85594	202003 320-53800-35000
IRRIGATION REPAIRS
84943	202004 320-53800-46200
MAINT 04/2020
JUNIPER LANDSCAPING OF FL LLC
PI-A0035 202001 320-53800-46800 SVCS 01/2020
SOLITUDE LAKE MANAGEMENT
3747981	202004 310-51300-48000
COVID-9 MTG
SUN NEWSPAPERS
04212020 202004 300-20700-10200
TXFER OF TAX RCPTS

3,602.49 000713
- - - - - - - - - - - - - - -
*	4,400.00
4,400.00 000714
- - - - - - - - - - - - - - -
*	130.71
*	2,600.00

-	- -

2,730.71 000715
-   -   -   -   -   -   -   -   -   -	-  -
*	7,200.00
7,200.00 000716
- - - - - - - - - - - - - - -
*	127.27
127.27 000717
- - - - - - - - - - - - - - -
*	6,007.78

WATERFORD ESTATES CDD

TOTAL FOR BANK A TOTAL FOR REGISTER

6,007.78 000718

347,208.02
347,208.02

WATE WATERFORD ESTS SROSINA

DATE	CHECK#	AMOUNT	
12/11/2019	688	$43,606.56	
12/24/2019	691	$89,202.64	
2/18/2020	703	$138,071.01	
	TOTAL	$270,880.21	
Amount due:		$6,007.78	

Waterford Estates
Community Development District Special Assessment  Receipts Fiscal Year 2020

TOTAL ASSESSMENT LEVY	$189,125.20	$301,700.00	$490,825.20
38.53%	61.47%	100.00%

DATE	DESCRIPTION	AMOUNT	DISCOUNTS/PENALTIES	COLLECTION FEES  INTEREST  NET RECEIPTS	•   O&M Portion	DSF Portion	Total	I
	11/8/2019	06/01/19-10/31/19	$1,666.71	$66.67	$32.00	$0.00	$1,568.04	$604.20	$963.84	$1,568.04	
	11/22/2019	11/01/19-11/07/19	$14,982.82	$599.31	$287.67	$0.00	$14,095.84	$5,431.42	$8,664.42	$14,095.84	
	11/27/2019	11/08/19-11/14/19	$13,518.00	$540.72	$259.55	$0.00	$12,717.73	$4,900.41	$7,817.33	$12,717.73	
	12/5/2019	11/15/19-11/20/19	$45,238.49	$1,809.54	$868.58	$0.00	$42,560.37	$16,399.40	$26,160.97	$42,560.37	
	12/12/2019	11/21/19-11/26/19	$154,252.40	$6,170.10	$2,961.65	$0.00	$145,120.66	$55,918.02	$89,202.64	$145,120.66	
	12/27/2019	11/27/19-11/30/19	$154,211.30	$6,168.45	$2,960.86	$0.00	$145,081.99	$55,903.12	$89,178.87	$145,081.99	
	1/9/2020	12/01/19-12/31/19	$78,926.67	$2,367.80	$1,531.17	_ $0.00	$75,027.70	$28,909.74	$46,117.96	$75,027.70	
	2/10/2020	01/01/20-01/31/20	$4,699.32	$93.99	$92.11	$0.00	$4,513.23	$1,739.04	$2,774.19	$4,513.23	
	3/12/2020	02/01/20-02/29/20	$3,524.48	$35.23	$69.78	$0.00	$3,419.46	$1,317.59	$2,101.87	$3,419.46	
	4/9/2020	03/01/20-03/31/20	$4,675.82	$0.00	$93.53	$0.00	$4,582.29	$1,765.65	$2,816.64	$4,582.29	
	4/23/2020	11/01/19-03/31/20	$1,808.25	$0.00	$36.17	$0.00	$1,772.09	$682.82	$1,089.26	$1,772.09	
	TOTAL	$477,504.26	$17,851.81	$9,193.05	$0.00	$450,459.40	$173,571.42	$276,887.99	$450,459.40 1	
	
Assessed on Roll:							
97.29%	
	GROSS AMOUNT	ASSESSMENTS	ASSESSMENTS	AMOUNT		
	ASSESSED	PERCENTAGE	COLLECTED	TRANSFERRED	TO BETFR.		
	
O&M	$35,915.36	27.9943%	
$173,571.42	
($173,571.42)	
$0.00		
	DSF	$92,380.00	72.0057%	$276,887.99	($270,880.21)	$6,007.78		
	
TOTAL	$128,295.36	100.00%	
$450,459.40	
($444,451.63)	$6,001.18 I		

TRANSFERS TO DEBT SERVICE:					

Communitl,' Develo(!ment District
COMBINED BALANCE SHEET
March 31, 2020

 	Major Funds		Total
Debt	Capital	Governmental
 	General	Service		Projects	 	Funds	

ASSETS:		
Cash	$251,254			$251,254	
Assessments Receivable	$2,448	$3,906		$6,354	
Due from Other Funds		$2,102		$2,102	
Investment - Default Expenditure	$3,735			$3,735	
Investments:					
Reserve A		$165,020		$165,020	
Reserve B		$214,246		$214,246	
Revenue A		$527,850		$527,850	
Revenue B		$77		$77	
Interest A		$1,332,878		$1,332,878	
Interest B		$1,336,192		$1,336,192	
Prepayment A		$294,706		$294,706	
Prepayment B		$534,487		$534,487	
Construction			$91,869	$91,869	
Deposits-Electric	 	$2,715	$2,715	
TOTAL ASSETS	$260,153	$4,411,464	$91,869	$4,763,486	

LIABILITIES:				
Accounts Payable	$16,450		$16,450	
Due to Other Funds	$2,102		$2,102	
Matured Interest Payable 2006A Ill		$1,976,087	$1,976,087	
Matured  Interest Payable 2006B 1l2		$1,896,686	$1,896,686	
Matured  Bonds Payable - Series 2006Al  3l		$140,000	$140,000	
Matured  Bonds Payable - Series 2006Bl  4l	 	$4,555,000	$4,555,000	
TOTAL LIABILITIES	$18,552	$8,567,774	$0	$8,586,326	

FUND BALANCES:
Nonspendable
Restricted for Capital Projects Unassigned
TOTAL FUND BALANCES

TOTAL LIABILITIES AND FUND BALANCES

$2,715	$2,715
$91,869	$91,869
$238,885	($4,156,309)	($3,917,424)
 	$241,600	($4,156,309)	$91,869	($3,822,840)

$260,153	$4,411,464	$91,869	$4,763,486

1' 1 Includes 2006A Interest Expense Payments not made on 5/1/08, 11/1/08, 5/1/09, 11/1/09, 05/1/10, 11/1/10, 5/1/11, 11/1/11
5/1/12, 11/1/12, 5/1/13, 11/1/13, 5/1/14, 11/1/14, 5/1/15,11/1/15, 5/1/16, 11/1/16, 5/1/17, 11/1/17, 5/1/18, 11/1/18,5/1/19, and 11/1/19.
121 Includes 20068 Interest Expense Payments not made on 5/1/08, 11/1/08, 5/1/09, 11/1/09, 05/1/10, 11/1/10, 5/1/11, 11/1/11
5/1/12, 11/1/12, 5/1/13, 11/1/13, 5/1/14, 11/1/14, 5/1/15,11/1/15, 5/1/16, 11/1/16, 5/1/17, 11/1/17, 5/1/18, 11/1/18, 5/1/19, and 11/1/19.
131 Includes 2006A Principal Expense Payment not made on 5/1/19.
141 Includes 2006B Principal Expense Payment not made on 5/1/13.

Community Development District GENERAL FUND
Statement of Revenues, Expenditures, and Changes in Fund Balance For the Period Ended March 31, 2020

ADOPTED	PRORATED BUDGET	ACTUAL
DESCRIPTION		BUDGET 	THRU 03/31/20	THRU 03/31/20	VARIANCE	

REVENUES:		
Assessments	$243,637	$243,637	$173,571	($70,066)	
Assessments- Direct	$0	$0	$82,026	$82,026	
Interest Income	 $0	$0	$22	$22 	
TOTAL REVENUES	$243,637	$243,637	$255,620	$11,983	

EXPENDITURES:					
Administrative					
Supervisors	$6,000	$3,000	$400	$2,600	
FICA Expense	$459	$230	$31	$199	
Engineering	$12,000	$6,000	$3,100	$2,900	
Arbitrage	$1,200	$600	$600	$0	
Dissemination	$4,000	$4,000	$4,000	$0	
Attorney	$30,000	$15,000	$3,346	$11,654	
Attorney-Default	$15,000	$7,500	$0	$7,500	
Annual Audit	$4,950	$4,400	$4,400	$0	
Trustee Fees	$6,500	$3,250	$0	$3,250	
Management Fees	$41,200	$20,600	$20,600	$0	
Computer Time	$1,000	$500	$500	$0	
Telephone	$500	$250	$0	$250	
Postage	$500	$250	$108	$142	
Printing & Binding	$1,000	$500	$82	$418	
Meeting Room Rental	$375	$188	$SO	$138	
Insurance	$6,003	$6,003	$5,894	$109	
Legal Advertising	$750	$375	$79	$296	
Other Current Charges	$1,000	$500	$345	$155	
Office Supplies	$225	$113	$20	$93	
Dues, Licenses & Subscriptions	$175	$175	$175	$0	
Website Compliance	$1,000	$500	$500	$0	
TOTAL ADMINISTRATIVE	$133,837	$73,933	$44,229	$29,704	

Field					
Electric	$18,100	$9,050	$12,445	($3,395)	
Grounds Maintenance-Phase 1	$31,200	$15,600	$15,600	$0	
Grounds Maintenance-Phase 2	$31,200	$15,600	$0	$15,600	
Irrigation Maintenance	$2,000	$1,000	$3,372	{$2,372)	
Lake Bank Mowing	$7,000	$3,500	$8,900	{$5,400)	
Swale Maintenance	$5,000	$2,500	$0	$2,500	
Lake Maintenance	$6,000	$3,000	$675	$2,325	
Mitigation Monitoring	$6,500	$3,250	$1,625	$1,625	
Exotic Removal	$2,800	$1,400	$0	$1,400	
TOTAL FIELD	$109,800	$54,900	$42,618	$12,282	
					
TOTAL EXPENDITURES	$243,637	$128,833	$86,847	$41,986	

Excess {deficiency) of revenues					
over {under) expenditures	$0		$114,805	$168,773	$53,969 	
FUND BALANCE - Beginning	$0	$72,827	
FUND BALANCE - Ending	 	$0	$241,600	

SERIES 2006A
Statement of Revenues, Expenditures, and Changes in Fund Balance For the Period Ended March 31, 2020

DESCRIPTION		ADOPTED
BUDGET		PRORATED BUDGET
THRU 03/31/20		ACTUAL
THRU 03/31/20		
VARIANCE		

REVENUES:										
Interest Income		$0		$0		$9,480		$9,480		
Special Assessments--Direct		$128,531		$102,951		$102,951		$0		
Special Assessments--On Roll		$275,194		$275,194		$276,888		$1,694		
Special Assessments--Lot Closings		$0		$0		$1,226,741		$1,226,741		
Prepayments		$0		$0		$0		$0		
TOTAL REVENUES		$403,725		$378,146		$1,616,060		$1,237,914		

EXPENDITURES:										
Series 2006A										
Interest - 11/01		$125,813		$125,813		$129,800		($3,988)		
Interest - 5/01		$125,813		$0		$0		$0		
Principal - 5/01		$155,000		$0		$0		$0		

TOTAL EXPENDITURES	$406,625	 	$125,813	$129,800	{$3,988)	

Excess (deficiency) of revenues								
over (under) expenditures	{$2,900)		$252,333		$1,486,260		$1,233,927	

OTHER FINANCING SOURCES/(USES\								
Other Debt Service Costs	$0		$0		($31,304)		($31,304)	
TOTAL OTHER FINANCING SOURCES/{USES)	$0		$0		($31,304)		($31,304)	

Net change in fund balance	
($2,900)		
$252,333		
$1,454,956		
$1,202,623	

FUND BALANCE - Beginning	
$3,175				
($1,244,582)			
FUND BALANCE - Ending	$275				$210,375			

SERIES 2006B
Statement of Revenues, Expenditures, and Changes in Fund Balance For the Period Ended March 31, 2020

 DESCRIPTION			ADOPTED
BUDGET		PRORATED BUDGET
THRU 03/31/20		ACTUAL
THRU 03/31/20		
VARIANCE		

REVENUES:										
Interest Income		$0		$0		$8,871		$8,871		
Specia I Assessments		$256,250		$0		$0		$0		
Special Assessments-Lot Closings		$0		$0		$1,549,551		$1,549,551		
Prepayments		$0		$0		$0		$0		
TOTAL REVENUES		$256,250		$0		$1,558,423		$1,558,423		

EXPENDITURES:										
Series 2006B										
Interest - 11/01		$128,125		$128,125		$128,125		$0		
Interest - 05/01		$128,125		$0		$0		$0		
TOTAL EXPENDITURES		$256,250		$128,125		$128,125		$0		

Excess (deficiency} of revenues										
over (under} expenditures		$0		($128,125)		$1,430,298		$1,558,423		

Net change in fund balance		

$0		

($128,125)		

$1,430,298		

$1,558,423		

FUND BALANCE - Beginning		
$0				
($5,796,982)				
FUND BALANCE - Ending		$0				($4,366,684)				

Statement of Revenues, Expenditures, and Changes in Fund Balance For the Period Ended March 31, 2020

 DESCRIPTION			ADOPTED
 	BUDGET			PRORATED BUDGET
 	THRU 03/31/20			ACTUAL
THRU 03/31/20		
VARIANCE	

REVENUES:

Interest Income		

$0		

$0		

$546		

$546	
TOTAL REVENUES EXPENDITURES:
Capital Outlay		 	$0

$0		 	$0

$0		 	$546

$0		 	$546

$0	

TOTAL EXPENDITURES

Excess (deficiency) of revenues over (under) expenditures

Net change in fund balance FUND BALANCE - Beginning FUND BALANCE - Ending

 	$0	 	$0	$0	$0

 	$0	 	$0	$546	$546

 		$0	 	$0	$546	$546

$0	$91,323

 	$0	 	$91,869 

Waterford Estates
Community Development District
Series 2006AB Special Assessment Bonds

1. Recap of Capital Project Fund Activity Through March 31, 2020
Opening Balance in Construction Account		
$11,461,103.33	
Source of Funds:	Interest Income Earned		$223,116.94	
lnterfund Transfers		($140,426.96)	
Use of Funds:
Disbursements:	Roadway Improvements		

($1,007,071.08)	
Stormwater Management System		($2,675,521.44)	
Water Distribution System		($1,064,064.42)	
Sanitary Sewer System Acquisition of Improvements
FPL		($1,549,786.38)
($3,'900,878.06) ($121,508.37)	
Program Management Fees		($294,913.33)	
Professional Fees		($471,696.15)	
COi		($366,484.80)	
Adjusted Balance in Construction Account at March 31, 2020		$91,869.28	

2. Funds Available For Construction at March 31, 2020			
Book Balance of Construction Fund at March 31, 2020	$91,869.28		
Construction Funds available at March 31, 2020	$91,869.28		

3. Investments - US Bank			
March 31, 2020	Yield	Maturity	Principal	
Construction Fund:	Overnight	0.01%	$91,869.28	$91,869.28	

ADJ: Outstanding Requisitions 	=--$-0.-0-0-
BaIanceat   3/31/2020 =====$=91=,8=6=9.=28=