Lake Ashton II Community Development District
Meeting Agenda October 15, 2021

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Lake Ashton II
Community Development District

219 E. Livingston St., Orlando, Florida 32801 Phone: 407-841-5524 - Fax: 407-839-1526

October 8, 2021

Board of Supervisors Lake Ashton II
Community Development District

Dear Board Members:

The regular meeting of the Board of Supervisors of the Lake Ashton II Community Development District will be held Friday, October 15, 2021, at 9:00 AM at 6052 Pebble Beach Blvd., Winter Haven, FL 33884.

Members of the public may attend in-person or participate in the meeting utilizing the following options from your computer, tablet, or smartphone. To participate using video, please go to the link address below. To participate by telephone, please use the call-in number below and enter the Meeting ID when prompted. Members of the public are further encouraged to submit comments or questions in advance of the meeting by email to jburns@gmscfl.com, or by telephone by calling (407) 841-5524, up until 2:00 PM on Thursday, October 14, 2021.

Zoom Video Link: https://us06web.zoom.us/j/87086582526

Zoom Call-In Information: 1-646-876-9923
Meeting ID: 870 8658 2526

Following is the advance agenda for the meeting:

Board of Supervisors Meeting

Roll Call and Pledge of Allegiance
Approval of Meeting Agenda
Public Comments on Specific Items on the Agenda  (the District Manager will read    any questions or comments received from members of the public in advance of the meeting; we ask those members of the public wanting to address the Board directly, first state his or her name and his or her address.1)
Approval of Minutes of August 20, 2021 Board of Supervisors Meeting
Golf Course Update from Indigo Golf
A. Discussion Regarding Survey
Engineering Staff Report

1 All comments, including those read by the District Manager, will be limited to three (3) minutes

New Business
Organizational Matters
Acceptance of Letter of Resignation from Duff Hill
Review of Letters of Interest and Resumes for Vacant Board Seat
Appointing a Replacement for Seat 4
Financing Matters
Consideration of Resolution 2022-01 Supplementing and Ratifying the Series 2021 Assessments
Consideration of Resolution 2022-02 Series 2021 Bond Ratification Resolution
Consideration of Resolution 2022-03 Re-Setting the Public Hearing on Chapter III Rules: Fees for Use of District Facilities and Services of the District
Presentation of Focus 2025 Group Report
Audit Related Matters
Acceptance of Fiscal Year 2020 Audit Report
Consideration of Request from Auditor to Increase Fees
Consideration of Renewal for Commercial Fitness Products Preventative Maintenance Plan
Status of Transfer of Ownership of Sawgrass Lift Station Property to Lake Ashton II CDD (requested by Supervisor McKie)
Discussion Regarding Curb and Pavement Repairs (requested by Supervisor McKie)
Discussion Regarding Memorial Project (requested by Supervisor Littlewood)
Consideration of Revised Landscape Estimates for 7 Islands and HFC Restoration (requested by Supervisor McKie)—ADDED
Staff Reports
Attorney
Lake Ashton II Community Director
District Manager’s Report
Financial Report
Approval of Check Register
Combined Balance Sheet
Supervisors Requests
Public Comments
Adjournment

M INUTES

MINUTES OF MEETING LAKE ASHTON II
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Lake Ashton II Community Development District was held on Friday, August 20, 2021 at 9:00 a.m. at 6052 Pebble Beach Blvd., Winter Haven, FL.

Present and constituting a quorum were:

James (Jim) Mecsics	Chairman
Bob Zelazny	Vice Chairman
Duff Hill	Assistant Secretary
Colette McKie	Assistant Secretary
Angie Littlewood	Assistant Secretary Also present were:
Jill Burns	District Manager, GMS
Sarah Sandy	District Counsel, HGS
Alan Rayl	District Engineer
Mary Bosman	Community Director
Brian Rhodes	Indigo Golf Partners
Ron Lavoie	Indigo Golf Partners
Cynthia Wilhelm	Nabors, Giblin, & Nickerson

FIRST ORDER OF BUSINESS	Roll Call and Pledge of Allegiance
Ms. Burns called the meeting to order at 9:00 a.m. and five Supervisors were in attendance constituting a quorum. The Board recited the pledge of allegiance.

SECOND ORDER OF BUSINESS	Approval of the Agenda
Ms. Burns: Just one note on the approval of the meeting agenda. We're going to ask that we take all of the refinancing items up first. That way since Cynthia is here she can go ahead and head out afterwards if that works for everybody.
Mr. Mecsics: Okay. There's one other agenda item I'd like to amend on Area F, where we have here that says, "The discussion and voting on funding of capital projects for 2021,” with the Board's concurrence I'd like to defer that to our next meeting.

On MOTION by Mr. Mecsics, seconded by Mr. Hill, with all in favor, the agenda as amended, was approved.

THIRD ORDER OF BUSINESS	Public Comments on Specific Items
on the Agenda (the District Manager will read any questions or comments received from members of the public in advance of the meeting; we ask those members of the public wanting to address the Board directly first state his or her name and his or her address. All comments, including those read by the District Manager, will be limited to three (3) minutes)
Ms. Burns: We'll go ahead and start with the speaker cards that we have. Just a reminder for everybody, if you can keep your comments to three minutes when you're addressing the Board. Up first, I have Cheryl Winchester from 5453 Hogan Lane.
Cheryl Winchester (5453 Hogan Lane): Hello. Good morning. My name is Cheryl Winchester and I'm a homeowner at 5453 Hogan Lane for nine years. My intention today while speaking to you is not to be combative. Instead, I am here to get honest answers, clarity, and the hope of reaching a mutual beneficial solution to a problem we have been back and forth on for over seven months. For the sake of my three minutes time limit, I have left out a lot of the confusion, wasted months, and troubling conversations that have occurred and I will give you a short synopsis. We were told that Ms. McKie would be the Board member who would be responsible for the quotes on Rattlesnake Lake, only to find out that Bob Z, I was told, had done this as a resident and had received quote for $4,700 for 30 homes at least two weeks prior to our quote. So I offered my assistance to Colette to be liaison to her and the residents of Hogan Lane, hoping that this would speed up the process. She graciously accepted. The first quote was ridiculously priced and come to find out we were being asked to pay for what we had already been paying for in our annual CDD payments. Then on July 18th, Colette sent me an email letting me know that the second quote was for $6,600 for 20 homes. She told me the checks needed to be made out to the CDD by August 2nd and that it's all or nothing. The attraction to Lake Ashton is the beauty, the friendly community, and the willingness of everyone to work together to keep that beauty. Now we have a Board whose members say they are tired of this

discussion, they don't care anymore, and they should just drop the whole issue. But we as a resident who voted for you and to help resolve all issues, even ones that don't affect you, we feel differently. We won't let this issue go away. We have been here before and all it took was a previous willing CDD Board, SWFWMD officials, and residents to meet and resolve this issue. It wasn't an all-or-nothing resolution. So how do you think I feel when a woman who apparently sent you an email telling you a story about me of a confrontation that we had, said disgusting things to me when she doesn't even know me? She attacked me and told me if I did not like what the Board said, and quote, "I should just move from Lake Ashton." I found her statement to be rude and extremely disgusting. I feel that maybe just because we disagree on issues and we don't share the same ideas, we should not disregard how each other feels. Last I heard, we live in a country of compromise, not an all-or-nothing dictatorship. We are trying to follow your rules and we respect your wishes. We can make this work by working together. Now, I ask this Board for some honest answers. That's all we're asking for today, honest answers to three questions.
Ms. Burns: That's your time.
Cheryl Winchester: Well, I have the three questions. Can I please just quickly present them.
Mr. Mecsics: No. We're staying with the three minutes, Cheryl. I'm sorry. You can send it to us in a written form.
Mr. Mecsics: Thank you. Any other public comments?
David Harrison (no address provided): I spoke to Duff yesterday and he has concrete work on the agenda. I'm writing because several places on Nicholas Drive need curbing repair as well as other areas. It's been neglected for many years, so hopefully the Board will agree to fund this project.
Ms. Burns: We just need to check the Zoom line. If anybody on the Zoom line has any public comments, you can use Zoom's "raise hand" feature to be called on now. I don't see any. Jim, over to you. Just to note, when people send in comments, and for everybody on the Zoom line, normally we ask that Mary sends out an email for everybody to say, "This is a comment for the meeting on what date." We get a lot of confusion on whether your comments are for the Lake Ashton Board or it's for the Lake Ashton II Board.

So when Mary's email states that you're sending in a public comment, please state that it is for whatever meeting it is for.
Stan Williams (5317 Nicholas Drive, Lot 155): Since we need to pay the builder back any money loaned by August 30th, how much of the builder's loan money did we use this year? Was that more or less than last year? Do we have a forecast of what is planned next year?
Ms. Burns: That is all of the public comments we received.

FOURTH ORDER OF BUSINESS	Approval of Minutes of the July 16,
2021 Board of Supervisors Meeting
Mr. Mecsics: Do I have the approval for the minutes or any additions or deletions?
Hearing none,

On MOTION by Mr. Hill, seconded by Ms. McKie, with all in favor, the Minutes of the July 16, 2021 Board of Supervisors Meeting, were approved.

Mr. Mecsics: Okay. We're going to move up our bond discussion to the front here before Indigo.
Ms. Burns: Sure. Cynthia's going to come on up. Just for everybody following along, we're on Item A. It's Consideration of Resolution 2021-07, the Delegation Resolution. We're going to start there.

SEVENTH ORDER OF BUSINESS	New Business
Consideration of Resolution 2021-07 Delegation Resolution for Revenue Refunding Bond Series 2021 (2005 Bonds)
Third Supplemental Trust Indenture
Escrow Deposit Agreement

*This item was taken out of order.
Ms. Wilhelm: Good morning, Board members. My name is Cynthia Wilhelm with Nabors Giblin and Nickerson. We are bond counsel to the District and we have been since the District was established in 2005. So we appreciate, again, the opportunity to assist

you with this refinancing. This resolution is 2021-07, it's what we call a Delegated Award Resolution. It's presented today in order to approve various aspects of the proposed bond, including the forms of certain documents that are necessary in order to close on the bond. Essentially, the resolution approves the form of the bond, the form of the supplemental trust indenture, and the Escrow Deposit Agreement, which are both attached as exhibits. It re-approved the commitment letter from the bank, it provides a description of the bond, approves the refunding of the 2005-A bonds, and that is essentially the gist of the resolution. The three documents attached are the commitment from the bank, which was already approved by the Board in July and the Supplemental Trust Indenture, which basically sets forth the terms of this particular bond, and then the Escrow Deposit Agreement, which is the mechanism that we use in order to refund to the '05 bonds. If the Board does not have any questions on the resolution or the attachments, I would ask for a motion to approve.
Mr. Mecsics: Do any of the Board members have any questions? Seeing none, Sarah?
Ms. Sandy: I'm happy to answer any questions, but it appears that there are none. After the Board votes for this, we'll be moving towards closing. We do have to finalize all the documents and make sure that we get everything ahead of them. But as long as we do, then we will finalize and move towards closing.

On MOTION by Mr. Zelazny, seconded by Mr. Hill, with all in favor, Resolution 2021-07 Delegation Resolution for Revenue Refunding bond Series 2021 (2005 Bonds), was approved.

Consideration of Resolution 2021-08 Supplemental Assessment Resolution
i.	Consideration of Notice of Series 2021 Special Assessments
*This item was taken out of order.

Ms. Burns: Then we're also going to take a couple of other items. The supplemental assessment resolution as well. Let's just wrap up all the refinancing related stuff. We'll deal with that and then we'll move on to the other parts; that way we can stay on topic with that. The next would be consideration of Resolution 2021-08, the

Supplemental Assessment Resolution that is in your package. This District has entered into the commitment letter with the bank to refund bonds. You can see the terms of that listed in the agreement or in the resolution. I'm going to give a brief overview of the Refunding Allocation Report. This report supplements the original methodology taking into consideration the reduction in assessment, principal, and interests through the annual per unit assessments by refinancing the 2005 bonds. If you look at the tables attached, Table 1 shows the development at the time the bonds were issued. There were 409 units in this assessment area. As of August 24th, a total of 101 of those units have paid off their debt assessment, so this refinancing is for the 308 assessable units that have not been paid off. Table 2 shows the bond sizing. If you look at Table 3, that's where you're going to see the savings listed. The 2005 assessment allocation on the top table is the current amounts. Currently, the residents in this assessment area are paying an annual debt service of $1,263.44. After the refinancing, that amount will drop to $998.74, so it'll be an annual savings of $264.70 per household in the 2005 assessment area. If you look at the par per unit, that is also dropping, so the current par per unit is $11,910.83 that is dropping to $11,607.15. So if a resident after the refinancing wants to pay off their bond completely, there would be $300 savings from what it currently is. If anybody has any questions, we'd be happy to answer them. Sarah, anything else you want to note on the resolution?
Ms. Sandy: Typically, after we present the assessment report, I ask the following, just to get a few questions on the record from our GMS master methodology consultant. Jill, based on your professional opinion, are the units that are subject to the assessments, do they receive a special benefit from the 2005 project?
Ms. Burns: Yes, they do.
Ms. Sandy: Are the assessments in the report reasonably and fairly portioned across the units?
Ms. Burns: Yes, they are.
Ms. Sandy: Okay. Thank you. Does the Board have any other questions regarding the report?
Mr. Mecsics: Any other questions?
Ms. Sandy: I'll speak to the resolution quickly. The Resolution 2021-08 is a supplemental assessment resolution lays out the terms of the 2021 refunding bonds. It

also resizes the assessments that were previously the 2005 assessments to the terms of the bonds, sizing them down. It provides additionally a method for collection of the assessments and provide some additional things such as filing a notice of the Series 2021 Special Assessments. That document is also included in your agenda package that will be recorded against all of the units that will be subject to the 2021 assessments. Again, happy to answer any questions regarding the resolution. If you don't have any, then I'd ask for a motion to approve Resolution 2021-08.

On MOTION by Ms. McKie, seconded by Mr. Hill, with all in favor, Resolution 2021-08 Supplemental Assessment Resolution, was approved.

Ms. Burns: Then one last item related to the refinancing. The only other thing, it's Item E on your agenda. It's the consideration of the addendum to the existing fee agreement with Hopping Green & Sams.

E. Consideration of Addendum to Existing Fee Agreement with Hopping, Green & Sams
*This item was taken out of order.
Ms. Sandy: Our current agreement and does not address any financing. Our firm typically does those on a flat fee basis. Our fee agreement only provides for per hour services, so this specifically addresses our fee in connection with the financing. Again, it's paid out of the closing proceeds so it's not a bill that the District will directly receive. It will come directly out of the closing proceeds. Again, I'm happy to answer questions on it; otherwise, I would ask for a motion to approve the fee agreement.
Mr. Mecsics: Any questions? Hearing none, do we have a motion to adjust those
fees?

On MOTION by Ms. Littlewood, seconded by Mr. Zelazny, with all in favor, the Addendum to Existing Fee Agreement with Hopping Green & Sams, was approved.

Ms. Burns: That's everything for the refinancing so we can move back up to the top of the agenda. Thank you.

Mr. Mecsics: Okay. Indigo Golf course update from Indigo Golf.

FIFTH ORDER OF BUSINESS	Golf Course Update from Indigo Golf
Mr. Rhodes: Good morning. Mr. Rhodes, Regional Director of Operations, Indigo Golf Partners. I'll give you a brief update of the July financials, then Ron will step in and do an operations update for July. Obviously, the summer weather has limited the golf opportunities between the heat, the wet weather, and the afternoon storms, that puts carts on path more often. But overall, the team at Lake Ashton has put up a very solid month in financials. Results have exceeded budget. We hosted 2,414 rounds in July. The breakdown is 2,181 member rounds and 233 public rounds. It's about 500 less rounds than we did last year in July. We're seeing this all across Florida in our clubs. Ultimately, our members have started to go back up north and go on vacations and the wet weather has had a negative effect on rounds. The good news is, the golf revenues are up. Golf revenues are green fees, cart fees, driving range, Pro Shop sales, and other golf revenues and dues. We've exceeded budget by $3,800 for the month. Green fees were $2,300 higher than last July. Pro Shop sales were significantly higher than last year. The shop had another great month. We had about $12,600 in revenues. Food and beverage revenues have remained right about where we are. They're not achieving budget, but they are bidding last year. We totaled $16,700 for the month. That missed budget by about $3,800, but exceeded last year by almost $3,000. We're right in the middle of where we were and where we thought we'd be. Reagrding cost of sales, the Pro Shop ran at 65%, which is about 15% under budget. We're 77% for the year, We budgeted 80%. So Pro Shop is operating right where we thought it would. Food and beverage costs for the month were 34.7%, which is about 5.5% lower than what we anticipated. We are still 4.5% higher a year to date. Food costs have been very volatile and we are not passing along if they raised chicken wings one month. We're not raising the price and going market price. It's up and down, but we're very happy with where we are. Net contribution for food and beverage, which is basically revenue minus cost of goods minus direct labor minus expenses, was a positive $2,266. The food and beverage operation is running at a profit. Total labor, we were about $8,700 under-budget for the month. We're still running into challenges obtaining hourly labor. Good news is we have added a few more people to the

staff for maintenance, and we picked up a couple of F&B. Now, whether they last more than a couple of weeks, we'll see. It's the trend everywhere in the country. We just had a regional meeting yesterday and everyone is fighting to get employees. Expenses, we were $1,400 over for the month. The golf department was under by about $450. Admin department was under by about $3,200. There's really nothing significant in those two departments. The maintenance department was over by $7,400. We were over $14,200 in chemicals and fert for the month. Part of this was we had under-reported in previous month we'd missed a couple of invoices that we found in statement reviews. Part of it was we differed some other sprays into July rather than June, but it should be noted, we're almost $28,000 under what we anticipated in chemical and fert for the two courses for the year. We did spend about $8,000 in repair and maintenance, which is about $5,000 higher than what we anticipated. We were able to save that by actually performing the aerification, which we had $5,000 for outside contractors to come in and do the job. We did it in-house. Part of it was that we had the right equipment to do and the Board provided us with that. For the month we're at $73,017, which is $9,000 higher than what we had budgeted, we did not incur any below-the-line expenses in July. The net income for the year is now $94,277, which is $54,000 ahead of budget. Regarding the August forecast, play is right about where we expected. Revenues are trending to where we expected. We should meet revenues and hit the bottom line for August. So we're trending in a good way. I'll address the cash flow forecast. We borrowed just over $40,000 from Jim Lee, the previous owner, through our agreement. We did receive several payments for memberships that came in early. I can't tell you the exact number of dollars we actually utilized. We are in a good place right now, the cash flow, and we'll be able to make the payment back right away. Last year, we borrowed just over $202,000. It was about
$160,000 improvement in cash flow. We are forecasting to be positive in the EBITDA this year, which would then forecast in the upcoming year, which will then forecast that we would not need to borrow money for cash inflows. This is a great safety net because cash flow management is completely different than EBITDA. So once we start looking at it, if we have to come in and do any kind of emergency repairs that were unexpected and not on our budget, or if there is any capital requirements that we need to address. We are looking at some aging equipment and running some problems out there. Month over

month, our repair and maintenance expenses are much higher than what we had previously projected. While currently we're not forecasting to use it, I'm not saying that we won't. It's there. It's able. I think it's a great thing to do and it won't affect the membership or the community for money. It would just be, we have this agreement with the prior owner. I'll let Ron come up and do a quick operations update and if the Board has any questions for me, I can answer them.
Mr. Mecsics: I think we addressed Mr. Williams's questions as well. Mr. Lavoie: Good morning.
Mr. Mecsics: Good morning.
Mr. Lavoie: Great news is we now have a mechanic. He's doing a fantastic job. He just moved here from Indiana, so he's got his hands full. We also hired another person, who Brian was talking about it. We hired another person and that's the first person to apply in a while. We hired a young lady. She started on Wednesday on a maintenance crew, and yesterday morning informed Tommy that she's just got an offer for another job and left. So there are problems. She got five dollars more an hour to be a heavy equipment operator and we did hire another person upstairs. As Brian talked about, we had a profitable July, but as everybody here knows, we have four employees up there. That's one of the reasons. They're working very hard. Similar things going on about the course conditions. Again, the wet, dry, I know there's a history here of all the wet areas and some of them will be wet until we put drainage of some sort. But at the same time, while you look at some of those areas, when Brian and I rode the course yesterday or when I ride it every night, there's a lot of dry areas out there right now too. So unfortunately, you have to turn the water on. Some of the wet areas are going to get a little bit wetter, but we're trying to protect it. The other thing that we run through was the weeds. Once you get in some areas, the weeds grow more. But if you get in any areas that are dry and it dies, that's when the weeds kick in, so we're pretty aggressive of going after the weeds. When I came here, obviously, we had a lot of weeds in the greens, which we don't have now as much. It really is about a 24-month project on the golf course to get more and more of these weeds out of the way and that goes back to Dave. What do you mean? How do you get rid of weeds? You have to drive on the golf course with a sprayer when the fairway is soaked and then you have to water it in. For everybody to understand,

this is a delicate balance between trying to keep it weed-free versus not letting it dry out or be soaking wet. Some of these fairways are always going to be wet and there's nothing we can do about it. The other thing is we have some projects. The whole goal of this first year of all of you people buying the golf course and then us coming in last May is, this is for me as the General Manager, I'm going to run this like it's my money. The first year, I want to find out who we are and that's what we're doing. We’ve got two more months left of a full fiscal year and it looks like we're okay. Now, I can take a look at the entire operations and say, what are our CapEx projects? Which way are we going? As I've told you before, we have a pipe still sitting in the bottom of the lake out there that sooner or later, we're going to have to do something with it because something's going to happen to it. We're coming up with a list hole by hole. Again, we won't get them all done, but we do have equipment issues. Over 20% of our expenditures in maintenance goes to fixing equipment, and that's a little bit high. Trust me. The bathrooms on the golf course, we want to redo them all. The net on six, now that David has an extra two people, that's a big difference. We'll hopefully get that up in the next month. The course rating that we thought we were going to get, obviously, with COVID when I talked to the Florida State Golf Association, they're so far behind rating golf courses because of COVID. They got, from what they tell me, a double whammy which is one, COVID itself, and couldn't do the golf courses that they were supposed to be doing. The majority of course raters in the state of Florida are the at-risk group. They're all over 60, 65 years old and unfortunately, they've lost raters due to COVID. We're slated to be rated in 2023. It's every eight years you must be rated and they told me that we should be able to get to you by 2023. So that's how desperate they are for that. But anyway, as I was talking about the pipe 1, 3, about the irrigation boxes on 3, we're actually going to have cinder blocks built up. Hopefully, we'll see that in the next 30 days and rise that out of the lake, so it won't be a problem. We're trying to get the new tees put in for the path 3 golf course on the East. Again, it will change. The rains won't be done for the short course on the West. I have just a couple of stats. We've collected $370,698 in membership so far and that's about 28% of our total membership from the prior year. Those are pretty good numbers. The associates through yesterday, we've taken in $93,808 in greens fees. That's a pretty good number. That's 3,901 rounds or approximately $24 per round based on the whole year. Just to give you

another little tidbit, we're not what you'd call a guest course. We're not including the associate rounds. We played 1,474 total guest rounds or any type of guest of a member or if they just non-resident green fee and that's 4.5 rounds per day. Just something to keep in the back of your head of what type of club we really are, it's really membership- driven all the time every day. Like I said, everything else was going pretty good. Like I said, just a matter of trying to get through the summer months with the wetness and everything else. But just so you remember, last year starting on August 10th, the first four holes were closed until November 1 and here we are still open. But like I said, you ride out there. The water is right there, but hopefully we can stay away from it. I know Brian was telling me the University of South Florida Gulf Coast, they got 10 inches of rain just the other day, so they're getting pelted over there. That's it unless there's some questions.
Mr. Mecsics: Any questions?
Mr. Hill: You mentioned the cost of maintenance on the old equipment, but would it be possible to come up with how much money that is versus how much it would cost to replace that all equipment? I'll get it to Bob so he can present it to the Board.
Mr. Lavoie: We're in the process of getting that through quotes. David is getting quotes for the equipment that he thinks we need on each individual piece so we can come up with a plan and yes, we're running the numbers. I'm going to review the invoices to find out how much we're spending on certain pieces of equipment. It's a lot. That equipment, it's almost 10 years old.
Mr. Mecsics: Any other questions? Thank you, sir. Keep up the good work. Mr. Lavoie: Thanks.

SIXTH ORDER OF BUSINESS	Engineering Staff Report
Mr. Mecsics: Engineering. Alan, you're up.
Mr. Rayl: Good morning. First, I want to bring everybody up to speed on the status of the work for the hole number 6 bathroom building. The contractor is expected to begin the work to bring the waterline service out there the week of September 16th. As of yesterday, I was in discussions with a new septic tank contractor. I sent them the plan showing how they would most likely access down through that tract to do their work. They're very interested in giving us a quote for the work and ready to do it. We'll compare

what they're giving us to not-to-exceed threshold that the Board approved at last month's meeting and make sure that that fits with the Board direction. That's moving forward. We'll see work starting out there in September and hopefully the septic tank contractor, if his bid is acceptable, we'll be able to get them started right after the water work.
Mr. Zelazny: Alan, on the sixth hole, are we looking at putting electrical out there as well? Because I understand that's running off of the irrigation system power.
Mr. Rayl: It is running off the irrigation system power. The only access we have to bring electrical in would be for 653 across the course. We've sent information to TECO in that regard to have a discussion with them about a new service. They have not responded to us yet, but we're still trying to coordinate that.
Mr. Zelazny: But the current system way is running off the irrigation power. It's sufficient.
Mr. Rayl: I've not heard any complaints of any power outages or any lack of service at the building. It'd be nicer to clean it up and bring it in from a new service. I don't know if we'll get anywhere with that, but we're looking into it.
Mr. Zelazny: Okay.
Mr. Rayl: As I mentioned before, we've talked to Bridge Builders of America to ask them to swing by and when they get back in the area. They're actually booked out until 2022, but were referring another consultant that they work with, that's more local, that we're going to try to get them just to stop by the site, give us an assessment of our bridges, any recommendations that we can do to extend the life of them and of those type of things and they're very willing to provide that kind of information to us. We're going to try to take advantage of that as soon as I get them scheduled or meet with the Board and have the appropriate supervisor join me when we do that. We've also been getting the water use permit for the golf course irrigation straighten out. There was a gap in the permitting data that has all been resolved. We're not deemed delinquent anymore, but we are going to be filing a letter of modification to the permit to reduce the reporting requirements, just the frequency of them. Everything we're doing now is meeting the requirements of the permit. Some of the efforts are duplicative and we're going to try to get those removed so we can reduce the amount of time that has to be spent on that activity. I gave to the Board members two things we just received. Part of that permit involves doing a meter flow test.

What did I do with my copies? You may remember we found in the file the firm that the meter flow test about six or seven years ago. It's required to be done every five years. This was another one to clean up, things we had to take care of. This firm came back out. The same guy who was familiar with everything, knew where to go, knew what to do, gave us the same price who gave us six years ago. That was done. That's submitted to SWFWMD that we've completed that task of doing a meter test. In that test, we found that one of the meters is recording high numbers. It's out of range by about 20%. That works obviously adversely against this. It looks like we could be over-pumping when in fact we're not. So we are required to get that meter replaced. That's this paper that you have. This was the cheaper of two options. One's the mechanical read and another is an automated read. He didn't put a total on here, but it looks like it's under $1,600 for the meter replacement, and that's installed. I'll total that up for you; $1,637 is what it is. I'd like to ask the Board to authorize that. We could give them the go-ahead and get that portion of this addressed.
Mr. Mecsics: It all goes into regulatory. Do I have a motion to approve this?
Ms. Littlewood: These water meters, are we talking about the bathroom now and sixth to this water meter? What's the water meter for?
Mr. Rayl: This is on the golf course irrigation pumps. Ms. Burns: What was it, 15? I'm sorry, 15?
Mr. Rayl: $1,637.
Ms. Burns: $1,637. Thank you.
Mr. Mecsics: Do we have any further discussion after the second? Go ahead. Sure.
Ms. Littlewood: This is a golf course thing, so should it not be paid by the golf course?
Mr. Mecsics: It would be charged as golf course. Ms. Littlewood: Okay.

On MOTION by Mr. Zelazny, seconded by Mr. Hill, with all in favor, the Quote from Avanti Company for $1,637 to be Charged to the Golf Course, was approved.

Mr. Rayl: The last item I have for the Board, Supervisor Zelazny passed out this list. Did everybody get a copy?
Mr. Zelazny: I provided it to everybody. Some residents had approached me and said that they were concerned about the Miami curbing in front of their home. I did a drive around. I just wanted to get it in to you and Colette to figure out how you're going to prioritize that and if there would maybe be a report back next month so we can tell the residents that had inquired that it's going to be done or it's not.
Mr. Rayl: I have done a little research already on this list. First, the last entry, 5292 Nicholas, that address number does not exist. Nicholas starts at 5300. But of the other 11, we have all those.
Mr. Zelazny: It was going that way down the street.
Mr. Rayl: We'll figure out where that one is. But of the other 11 that you had on here, we have all those identified in the pavement inventory as areas of concern. Two of these, the 5328 and 5344 Sneed were two of the five that we had bids on as the next five to repair. These are on the Board's radar. What's the Board's direction? How would we like to do this? Do we want to revisit these 15, the 5 previous and then the new 10? Do we want to get bids on those?
Ms. McKie: I would like to know the Board's direction on this because when this has come up in the past, it was never made a priority, so it was never really figured in to be done anytime soon. Depending on when the Board would want this to be done, we need to be able to budget it in.
Mr. Zelazny: Correct. I think in the past, Alan, you can correct me and Jim, I think what we had done is we had set a limit as to what we're going to be willing to spend at a particular time. Then Alan and the roads person prioritized it, and we funded through that line. That way we didn't have to go back. We could move on expeditiously to get some of these things done. If there is a number that the Board is acceptable, we can move forward to fix some of them up to a certain level, I would think, and give that to Colette and Alan to be allowed to prioritize and get them done.
Ms. McKie: That's fine. We just had never done that before.
Mr. Mecsics: All right. Well, let's do this then. Let's go through that, update it, take a look at it, and then we'll look at it either September or October meeting.

Mr. Rayl: I'll get the contractor to give me updates of the previous five. But these new additional 10, we'll see where that puts us, and then we'll set some threshold the Board's comfortable with and we'll pick how many we can get for that.
Mr. Mecsics: That's right.
Mr. Rayl: Does that sound good?
Mr. Mecsics: Like I said, the homeowner's association for that one in Pebble Beach will take care of that.
Mr. Zelazny: We talked about it before, Alan. There's appearance and then there's structural, and that's really the key. At some point, we have to start to pay attention to appearance rather than just structural. But we have to focus on getting the structural things done immediately.
Mr. Mecsics: Correct, absolutely.
Mr. Rayl: We will reach out to the contractor and ask him to give us some quotes on these. I'll look at what we had in our inventory if we identified the quantities. Sometimes we have to go out, look at how much curb would they have to take out before we can get flow restored again. Because the pavement inventory we just identified, this is an area that's not working. So to get a bid here, we may have to identify the work items and take out 10 feet of curb over here and five over there. But we'll get those quantities put together, get the contractor to give us a quote on it, and I'll bring it back to the next meeting if I get it in my hands by that time.
Mr. Mecsics: Okay. Anything else, Alan?
Mr. Rayl: That's all I have for the Board this morning.
Mr. Mecsics: Any other questions on the Board of members for Alan? Colette. Ms. McKie: I'd just like to make a comment in regards to the waterline over in
Pebble Beach at the cul-de-sac. Several residents were asking about the lines and exactly where they go because one resident has planted plants. I contacted Alan, he came out right away, and now everything is marked with paint, with flags, and the resident has been notified that his plant and new curbing that he's going to put in will probably be on the line. So to move something over, maybe the size of the planting area or move a tree, all of that has been taken care of.

Mr. Mecsics: Just to clarify it, it's our tract. That's CDD property, not an easement or anything like that.
Ms. McKie: Right. It is not an easement. The CDD owns that land. I explained that to the residents as well because they were questioning that they had not been shown an easement when they bought the property.
Mr. Mecsics: Anything else for Alan? Mr. Rayl: Thank you.
Mr. Mecsics: New business. Jillian, correct me if I'm wrong, we're moving into public hearing on the adoption of the Fiscal Year 2025 budget.
Ms. Burns: Yes, that's correct. We should be on Item C, the public hearing on the ledger.

SEVENTH ORDER OF BUSINESS	New Business
Public Hearings
Public Hearing on the Adoption of the Fiscal Year 2022 Budget

On MOTION by Mr. Hill, seconded by Ms. McKie, with all in favor, Opening the Public Hearing, was approved.

Ms. Burns: Just to note for the record, we advertised the public hearing in the paper. We also sent a mail notice to all property owners within the community as well. We will take any public comments on the Fiscal Year 2022 budget. We can take it from those in attendance first if anybody has anything.
Mr. Mecsics: We have one.
Ms. Burns: Go ahead. Anybody who has a comment can come on up.
Frank Brecht (5320 Hogan Lane): My name is Frank Brecht and I live at 5320 Hogan Lane. I know this last year our taxes got raised to $400. Now we're getting raised to $340 this year. Are we going for another $400 next year? I asked Mr. Mecsics, I said, "You guys spent all your money on the golf course and now you need money to take care of the general maintenance and so now everybody's getting their taxes raised to pay for the general maintenance, and I'd like to have an explanation of where the money all went

that we had in reserve when we bought the golf course and why is our tax going up two years in a row, almost $750." It's ridiculous.
Mr. Mecsics: Thanks, Frank. Any other public comments that we have then we can go into the discussion?
Ms. Burns: On the Zoom line, if anybody on the Zoom line has a public comment, you can use Zoom's "raise hand" feature to be called on. I don't see anything.

Consideration	of	Resolution	2021-09	Adoption	of	the District’s Fiscal Year 2022 Budget and Appropriating Funds
Mr. Mecsics: Duff, did you have presentation on this?
Mr. Hill: I do. I would like to start out by saying that none of the proposed assessment is going towards the golf course. In fact, the golf course has made $94,000 year to date, and the outlook for the coming years is even better. There are two portions of our budget: first, the operation and maintenance portion or the cost just to run our community. Our revenues are $1,445,000 per year, the cost to run the community is
$1,250,000. That will leave a surplus of $195,000 to pay for all the capital projects and updating of all the amenities in our community. We also will have $350,000 worth of capital reserve that we can fall back on if we need to, but we prefer not to. We want to have that cushion. There would also be any remaining funds from the 2021 budget that are unused, but that would be relatively small amount of money. I've listed below some of the capital projects that will have to be funded and the total of that far exceeds the
$195,000 excess funds that we will have, and this is why we had to request an adjustment to the assessments. It's also important to keep money in reserve so that's why we will try to keep $350,000 in capital reserve. This is necessary in case anything extra comes up, like infrastructure repairs, which have generally turned out to be very expensive. Let me address how the previous adjustment of $400 per household was used. Revenue generated on 680 homes times $400 assessment generated $272,000. The revenue that the CDD received was $252,000 net because the tax assessor takes his 7%. Of that remaining $250,000, $147,000 went to pay the first lien payment on the bond that we have now, that we own the land that the golf course sits on. The remaining balance, the large portion, was used for legal and engineering fees pertaining to the farmer whose water backed up into our property and caused some pretty severe expenses for our

community. Additionally, our operation and maintenance budget has increased by an additional $50,000. That's for the cost of living. For instance, propane gas, this is just like a gas which you buy on the street. That's probably gone up a dollar a gallon and you can imagine how much gas we use in the swimming pool. The first 12 years, we didn't raise the assessments at all because there was not a need to. The community was new and nothing was wearing out. If we had done a 2.5% cost increase every year for those 12 years, we would have an extra $330,000 right now. But you can't look backwards because they had no idea what was coming. The infrastructure issues are expensive once again. As our community has gotten older, infrastructure repairs have become more frequent. An example is the HFC portico out front that was leaking, that costs us $50,000 to repair that; the bathroom, which did not meet Winter Haven code, will cost us an additional
$35,000; the ceiling and the pool area where the water had started to leak down from the roof, if it goes bad, it will cost us $50,000. The roof is in need of repair or replacement. We have a claim with the insurance company, but if they deny that claim, we could be responsible for paying for a $200,000 roof. The bridges are starting to deteriorate. If we had to get into replacing the bridges, it would be $180,000. We will probably have more unforeseen expenses as time goes on because our community is getting older. We are facing resurfacing of roads; the in road and the out road and Pebble Beach are scheduled to be resurfaced in the next three years. The cost to do that is almost $400,000. Over the next eight years, we have $850,000 worth of roads that will need resurfacing. The Board is always going to try to patch these roads and keep pushing that cost out a little bit further because we don't think they wear as much as highways out on the street in the community. We also have $150,000 worth of air conditioning units that are out of their normal lifestyle. We've been nursing them along, but sooner or later, will have to have the money sitting there to pay for these. We currently have three sports floors in the HFC that need replacing because they're 15 years old. The cost of that replacement is $50,000. There are many other smaller projects that need to be funded. It's important that we keep money in reserve, and we need to keep that $350,000 in capital reserve. The Board looked at every possible way to try to avoid this assessment, but it's just not possible. The plan that I've presented will carry us out for the next four years, at which time the lien will be paid off and we don't have an extra $140,000 to go against capital projects. We're still

going to have to postpone some projects. We have a reserve study that tells us the life cycle of everything in this community and when it should be replaced. We will have to push out some of those projects to keep us from having to do another assessment. It's not impossible. We can get it done. By the way, the Board has succeeded in refinancing bonds 2005-A. That is going to reduce the residents who have not paid off our bond, it will reduce the annual bond payment by $270. Their net increase will be $52 for this new assessment. Unfortunately, for the people that paid off their bonds, it will not. The people that live in a new section, 2005, 2006-A, their bonds will be refinanced next year and so their savings will appear on next year's bond payment to the state. We also look out to year 2030. We've got a five-year plan and a 10-year plan. We need to wait probably 2-4 years based on what's going on right now before we address that 10-year plan because things can change so we need more information to make those decisions in 2-4 years. If you need further detailed information, Bob Zelazny has always presented to the Board a position paper that shows the actual things that we will be facing a more detailed explanation of the things that we're going to have to be spending money on. If any of you would like to keep this, you're welcome to make a copy and study it. That's all I have for the Board.
Mr. Mecsics: Any other comments. Angie?
Ms. Littlewood: I have a comment. I know you're all going to shut me down on this in a minute. The problem is, residents have come to me and said this and I think this is what this gentleman was getting at. Before we bought the golf course, we had a healthy amount of reserve and that money went on legal fees. Although we're not actually paying for the golf course now, we're actually paying to put the money back into the reserve that we used to pay for the legal fees for the purchase of the golf course. I think people feel we're pulling the wool over their eyes because they feel that we're now paying for the golf course and that's what the assessment is for. Correct me if I'm wrong, I'm sure that gentleman, that's what he's thinking.
Mr. Zelazny: For those who question the purchase of the golf course and the last
$400 assessment last year, there are papers available for you to read to cover the entire cost of the financing of the golf course, as well as the $400 assessment last year in last year's budget. Hopefully that would answer any questions. Assessment money was used

to purchase the golf course. But it was to purchase the tract, it was to purchase the green space, not just the golf course, it enabled the residents to be able to use the fishing ponds, to be able to use the cart paths, and be able to use the bridges, and to enjoy the view of the community. It's just not the golf course. The golf club is separate from the golf course tract, and yes, the golf club was included in the purchase. But in that, we managed to get the Eagle's Nest and a profitable organization that after the lien is paid off, we'll start returning profits to the Board. But again, there are two position papers, if you want to understand the nuances of the purchase of the golf course and the $400 assessment increase last year, and then this year's position paper talks to the assessment this year.
Mr. Mecsics: Any other comments?
Mr. Hill: Addressing that we used up all the money to pay for the golf course, that's not exactly true. We opened this year with $350,000 in capital reserve. The big expense has now gone on the Board, but the biggest expenses that I saw and Bob would purchase on the golf course were legal fees. Because the East was in and then the East was out and then the East was back in, they had to keep redoing documents over and over and it costs substantial money to do that. The actual purchase of the land, and I've seen this document that Mr. Mecsics gave me, shows that we bought the land for $677,000. He gave us $440,000 back in membership dues. They left $237,000. We sold the golf course to the East for $230,000. That means we actually pay $7,000 for the land that the golf course sits on. That is a heck of a bargain. Now, we did have to accept the bond on that land, which is $400,000 and we're still paying for that. So yes, you are paying, but you could say that's golf course expense. But it was well worth it, at least. I hope the residents see it that way.
Mr. Zelazny: Let me just see if I can provide some more clarity on the purchase of the golf course. Golf course purchase price actually was $660,000. That was after the
$240,000 in free memberships that we gave. Then we sold it back for 215. The total cost of the golf course was $1.2 million. That's how much money the legal fees were that Angie was talking about, golf course itself, $660,000. Total cost for the golf course, $1.2 million. That's after we paid all the legal fees and everything and the engineering fees. What was the word?
Ms. Burns: Due diligence tax and all that.

Mr. Zelazny: Anyway, it was $1.2, so we ended up buying the tracts. We ended up again getting three additional holes which allow us to have our own 18-hole golf course going forward. But again, I would offer up the position paper on the purchase of the golf course so you understand the finances in deficit. Duff is exactly right. When the East pulled out of the joint agreement, that cost us somewhere in the vicinity of $300,000 in legal fees. So, I still think at $1.2 million for the golf course tract and the golf club and the amenities that it provides the residents, I think it was still a good deal. I ask you to read the document on the golf course so that you understand we aren't hiding any figures from anybody.
Mr. Mecsics: Then finally on the golf course, I know that was because two of us were on the Board when we made that decision, it wasn't an easy decision and you'll hear people say, it could have waited or this and that. I had close discussions with the seller of that property to us. I asked him point blank at one time, "If we had not bought it from you and COVID came along, what would have happened?" He looked me right in the eye and said, "We would have declared bankruptcy and closed it," and that ladies and gentlemen, we would may have been in litigation for many years while that property grew over and your house prices would take a dip like there's no tomorrow. Again, from these two gentlemen, I encourage you all to look at those position papers. I encourage you to talk to any of us individually or hopefully will allay some of the concerns and the fears and sometimes some of the misinformation out there for everybody.
Ms. Burns: I think we did a pretty deep dive on the budget when we had our budget workshop. Really, the only change that you're seeing to that now is the additional revenue that was generated from the assessment increase. The total per lot assessment for O&M this year, listed at the bottom, is $2,608. That is a $323 increase from the prior year. We've gone through this pretty thoroughly previously, but if there's any changes, let's start with the general fund. Everyone still good with that?
Mr. Hill: I would like to change several of them, but I think it's probably not wise to do this late, so I'd rather approve the budget as it is.
Ms. Burns: Okay. I just want to note one thing for the record. The debt service fund is listed. It has the 2005 amount. Those are the current amounts. At the time of closing for the refinancing, those numbers will be updated. The next resolution for certifying the

tax rate gives the District manager's office the ability to amend the tax roll. I just wanted to state that you will see in this budget, because these are the current numbers, we are going to adopt the higher amount in case anything happens and we don't close. We've approved that once we close, our office has the ability to adjust that number for the debt assessment down to the lower amount that we discussed as part of the refinancing. I just wanted to note that for the Board, that that's the case there for the refinance.
Mr. Mecsics: I think as the builder is finishing up on the last few lots, maybe this time next year then we can readdress the next set of bonds. Is that correct, Sarah?
Ms. Sandy: Yes. I think we've talked to the underwriter already and they have their eye on that as soon as we get to that threshold, they'll come back to us. I'm hoping it's next year.
Mr. Mecsics: Great. Any further discussion? Do we need to close the meeting?
Ms. Burns: We'll take a motion to close the public hearing and then we'll take a motion to approve the resolution adopting the budget.
Ms. Bosman: I have a question, I've been asked a couple of questions about landscaping, in particular the seven islands. Will that come next month when we discuss that?
Mr. Mecsics: Yes.
Ms. Bosman: Okay, I just wanted to be sure. All right. Thank you. Mr. Mecsics: Any further discussion?
Mr. Hill: That's on your list of the 10 things. That I think the highest priority is that we need to vote on and get started on next month.
Ms. Bosman: Got it.

On MOTION by Ms. Littlewood, seconded by Mr. Hill, with all in favor, Resolution 2021-09 Adoption of the District’s Fiscal Year 2022 Budget and Appropriating Funds, was approved.

On MOTION by Ms. Littlewood, seconded by Ms. McKie, with all in favor, Closing the Public Hearing, was approved.

Public	Hearing	on	the	Imposition	of	Operations	and Maintenance Special Assessments
Ms. Burns: Next, there's a separate public hearing for the imposition of operations and maintenance assessments and the resolution adopting the tax roll. What this resolution does is it just imposes the O&M assessment based on the budgets that the Board just adopted. It is technically two separate public hearings under the statute to actually impose that O&M assessment. We need to do that any time that there is an increase. We need just to state for the record, again, this public hearing has been advertised in the paper. We send the mailed notice to all property owners within the community. We just need a motion to open the public hearing.

On MOTION by Mr. Hill, seconded by Mr. Zelazny, with all in favor, Opening the Public Hearing, was approved.

Ms. Burns: Resolution 2021-10 is included in your package. Any public comments on imposing those operations and maintenance assessments and certifying the roll? I see none here in person. If you are on the Zoom line, you can use Zoom's "Raise Hand" feature to be called on. If you're on a phone line, we looked it up and it is star 9 that you can hit to raise your hand from a phone line. Seeing none.
Mr. Mecsics: We have one in the back.
Ms. Burns: Yes. Go ahead. Anybody who's here in person can come up to the microphone.
Tom Smith (5233 Green Drive): One question. Was the reserve study done before we purchased the golf course or after?
Mr. Hill: Bob, you'll have to answer that because I wasn't on the Board.
Mr. Zelazny: It was done about the same time, Tom. We started the reserve study about two and a half years ago. The golf course was purchased 18 months ago, then back six months or seven months for all the negotiations and stuff like that, so pretty much about the same time.
Tom Smith (5233 Green Drive): So the Board knew exactly or had a great idea of what the future expenses and capital improvements would be and still purchased the golf course at that time. Am I right?

Mr. Zelazny: We had a plan, the reserve study initially, which has been refined a number of times, we did have that at that time. So, we didn't know the specifics as to what the costs were when we purchased the golf course. But the golf course was looked at as a separate entity and a separate action unrelated to the other. If you were here when the purchase of the golf course occured, there were two schools of thought within the purchase discussions. One school said, "There would be no assessment, no costs associated with it the residents wouldn't have to pay." There was another group that said, "There has to be an assessment. There won't be any assessments to operate the golf club, but there is an assessment to enjoy the general amenities which were brought about by the green space, the cart paths, and ponds." That was always anticipated. The $400 increase last year was to pay for the promissory note, then a 2.5% increase in the general fund budget. That's what the $400 brings you and we thought that was adequate. We thought we had enough, but there were four or five issues that came about that affected where we stand today. One is the fact that when we did our calculations, we did not anticipate the 7% that went to the county. That was my fault as I did my calculation. That costs us about $200,000 over the window we were looking at. We also had the unexpected issues with the portico which was $50,000. We have unexpected issues with the sixth hole restroom and the easement there which the Board believed was included, that the seller was going to fix those, make those right, that did not come about so that was an unanticipated cost that we had. There was the unanticipated expenses associated with the surge protector and the alarm systems that we put in because of lightning strikes over here. Then we added the Eagle's Nest as a section of the reserve study so all of that added to our situation where we are today.

Tom Smith (5233 Green Drive): I can understand that but I also anticipate that. Look what we're going through now in Afghanistan because they didn't anticipate it. It's your job to anticipate these things going on. You were so rushed to have this golf course. You never even sent out a letter to all the residents just to find out a headcount of who was for, who was against it, even though you've promised it, and who was for buying it later. The other part of my question is, I see all these paths. Where is the builder

responsible? Did we buy into a money pit? Jim says he faced this builder and the builder said directly to him, “I'll claim bankruptcy.” He's a liar. He's always been a liar.
Mr. Zelazny: Let me just address to the people here about it. Duff talked about it a lot. When you buy a house, you only have a limited warranty. CDD II was built out in 2005. The building here is 2006. Stuff wears out. The reserve study is pointing out to us, and if you look at the paper, you'll see that most of the stuff has a planned obsolescence of 5- 10 years and then there's a group that has planned obsolescence up to 15-20 years. We are at that time when our equipment is due to be replaced and repaired. The reserve study gives us that forward-looking vision. Now what we are attempting to do now by the assessment this year is to come up with a number that meets our obligations this year and gives us some flexibility to do unanticipated stuff going on in the future. If we were to look to fund everything that was in the reserve study today, we would be looking for an assessment of about $600 just so that we could fund what's in the reserve study. We're trying to come up with a strategy and a plan that we can fund so we don't impact. There are three ways you can look at funding. One is, we can do assessments every year based on the anticipated cost for that year, and if we do that one year, it might be $200, one year it might be $300. But when you look at 2025 or 2026, increase in your assessment would be $601. We're trying to figure out a way that we can come up with a number that has the least amount of impact to the residents over the longest period of time. Rightly or wrongly, that's just dollar-cost averaging. You have to do that. Because otherwise when you get out near the end, when Duff talks about the roads and the bridges, if a $322 assessment only brings us in $204,000, that is not sufficient to repave Pebble Beach Boulevard. For every $100, we ask in an assessment it brings us in about $60,000. Sixty thousand dollars doesn't pay for an awful lot. So while I understand your frustration, and you didn't want the golf course, I understand that. I don't want to belabor the point, but the issue for us is, as Board members, we're obligated to provide good facilities, maintain the facilities, and keep your property values up. Purchasing the golf course maintained your property values by every measure. Industry says, "You lose 30-50% of your property value if the golf course is closed." If we use 10% based on a $200,000 home, we're talking
$32 million in lost property value on the West alone. We have an obligation to protect your property values and that's what we did.

Ms. Littlewood: We also have an obligation to be fiscally responsible. Since the bathrooms came up in that conversation, residents say to me, "Why do we need a bathroom there? A lot of golf courses don't have bathrooms." After that, I thought about it and they pass the HFC this way, they passs the HFC that way, where there is a bathroom. I know we're a long way down that road now and it's probably too late. But we could have looked at maybe just closing up that bathroom off. Maybe getting rid of that bathroom and save $35,000.
Mr. Mecsics: This is a Board that I was on. We voted to purchase the golf course and the golf course tract. Ladies and gentlemen, that's history, and we can't go back and change that. What we have to do right now is work to make sure, like Bob said, like Duff, Colette, Angie, that we maintain this community. If you look at a lot of municipal, and I do a lot of research on public administration, communities are being faced with infrastructure degradation and aging like they’ve never seen before, and Lake Ashton is one of those.
Ms. Burns: Just a reminder, this is a public hearing on imposing the O&M assessment and certifying the roll, so that's what all the comments about. If you have other comments, we will have another opportunity for that, so just go ahead.
Resident (5312 Nicholas Drive): My question here is, is the East part of the golf deal, or is the West just paying for everything but everybody can use it?
Mr. Mecsics: I would offer you the paper on the golf course. The West operates the golf club. The East owns the land. We sold the land back to them and so they're responsible for the land, the roads, the bridges, and the ponds in the East, just like we are in the West. But we've purchased both of them, sold their land back to them, and we operate both golf clubs.
Resident (5312 Nicholas Drive): Okay. I do appreciate the work that everybody's doing. I know how hard it is to be the Board of Directors. But I have to say, it's really hard for two years in a row to get an increase. I understand it's still not that high compared to other communities. But I think you have to know that it's really hard to get the same increase over and over again. We really hope that that money goes into maintaining our community. If the golf course can be used by both sides, maybe we can think about a way of also getting some money from the other side so that it's not only the West coming through.

Mr. Mecsics: Thank you.
Resident (5312 Nicholas Drive): Thank you.
Ms. McKie: In regards to last month, we spent a lot of time talking about cost of living and adjustment. Duff mentioned it, Bob mentioned it, and I just want to reiterate that even with the assessment last year and the assessment this year, we'll still be behind on the cost of living adjustment. We have not caught up. So if in 2023, there is an additional cost of living adjustment, we will be that much further behind. It's not about that we're ahead and we have a lot of money to spend. There was not an assessment done for 17 years until 2020. Every year we fell behind in the revenue that we could have had if we'd kept up with the cost of living adjustment and so we are still behind. I just want to make that very clear. We spent a lot of time on it last month and it's been discussed here, but we are not ahead. We are still behind.
Ms. Burns: We do have a raised hand on the Zoom line. Leslie Jacobson, go ahead. You're unmuted on our end. You just need to unmute yourself on your end.
Resident (Leslie Jacobson): Obviously, nobody likes to open their mail and see they're going to pay more money. I'm not aware of anybody who loves it. However, the members in the community have to be realistic about what is going on. These are not frivolous expenses. This is for maintaining our community. We need to really appreciate the job that this Board is doing. While I have not always agreed with everything they do and I don't expect I ever will, I do want to express my gratitude for the job you guys and gals are doing right now in the face of what I think is an extremely difficult fiscal situation. I certainly understand people saying, "I don't like to see the increase." But when you compare the value of our community to others in the area, we still have a fantastic community and at an extremely reasonable value. I wish there was a way to communicate this to everybody, especially the detractors. I don't see any other way it can be done, so keep up the good work. My last comment is, I would like to see the Board continue to inch forward on reunification. I think ultimately that's where we need to be. I know it's got millions of problems and all that. But keep moving even if it's by inches to the ultimate place we need to be, which is a one community. Thank you all.
Mr. Mecsics: Thanks, Leslie.

Ms. Burns: Thank you. I think we've got one more raised hand, it says, Ronald. Go ahead. You are unmuted on our end. You just need to unmute yourself on your end.
Resident (Ronald): I have to reiterate the last gentleman's sentiments. We have not had an assessment for 17 years or thereabouts because the builder wanted to artificially keep things down so that people would buy his property. Now we have to pay the piper and make it up.
Ms. Burns: I'm sorry, I don't want to interrupt you, but we're having a difficult time hearing you. I don't know if you're far away from your computer, if you can maybe get closer to the speaker or the microphone. It's cutting out a little bit. If you want to start over. Resident (Ronald): All right. I'm sorry. I believe that the builder kept our assessments artificially low by not having assessments so that he could sell property. That being said, we now need to catch up. We have an aging community and we need to have the money to be able to maintain the standard we've become accustomed to. As much as I don't like to have an assessment, I think it is justified and necessary, and I
won't be surprised if there are more down the road. Thank you.
Ms. Burns: Thank you. Mr. Mecsics: Thank you.
Ms. Burns: For those of you who couldn't hear, I think the gist was he thinks nobody likes having their assessment, but he feels that it's justified at this time.
Mr. Mecsics: Okay. Any further public comments?
Ms. Burns: That's all the raised hands we have on the Zoom line. We just need a motion to close the public hearing.

On MOTION by Ms. McKie, seconded by Ms. Littlewood, with all in favor, Closing the Public Hearing, was approved.

Consideration of Resolution 2021-10 Imposing Special Assessments and Certifying an Assessment Roll
Ms. Burns: Then we have the motion unless the Board has anything else to discuss. I do want to note one thing, the tax roll that is included for the 2005 area does have the lower amount. We're going to amend that for approval for the higher amount of debt assessment. Again, our office can adjust that at the time of closing. But if we adopt

the higher amount, that gives us a little bit more flexibility. The 2005 assessment area where it notes $998.74, we're actually going to adopt it at the current rate of $1,263.44, and then adjust down after closing. Just a motion to approve as amended.

On MOTION by Mr. Hill, seconded by Mr. Zelazny, with all in favor, Resolution 2021-10 Imposing Special Assessments and Certifying an Assessment Roll, was approved, as amended.

Consideration of Resolution 2021-11 Designating a Date, Time, and Meeting Location for Fiscal Year 2022 Meetings
Ms. Burns: The schedule that is in your package is the same as when we currently meet, which is the 3rd Friday at 9:00 a.m. at this location. We did include it for every month. There was some prior discussion about perhaps going back to the every other month. If you want to adjust that, we could adjust and note that for the record, but we put it in there with all of it just to give the Board an option. Entirely up to the Board if you want to stick with the monthly or go with that every other month that we had talked about a couple of months ago.
Mr. Mecsics: My perspective is that we leave those dates there, but then we reserve the right that we have each one of our meetings. If we find that we don't have anything and we’re just spending the money for staff, we just push it to the next meeting and then move it on. Any questions on it or any discussion?
Ms. Littlewood: I think we should have meetings every month, but I think we should limit them. I think having four hour meetings every month, the residents get fed up and I glaze over, quite frankly, so I think we need to limit the length of meetings.
Mr. Mecsics: Thank you.

On MOTION by Mr. Zelazny, seconded by Ms. McKie, with all in favor, Resolution 2021-11 Designating a Date, Time and Location for Fiscal Year 2022 Meeting Dates, was approved.

Discussion and Voting on Funding of Capital Projects for 2021
*This item was tabled to the next meeting

Landscape Update and Wetland Mitigation Update (given by Supervisor McKie)
Ms. McKie: For landscaping, the last day for Yellowstone landscaping was the 15th or Friday, and our new landscaper started on Monday the 16th. First, I'll talk about Prince and Sons. They're going to be doing the mowing throughout the community and handling the dog parks as well, including the hedges and things there. There's a lot to get to know because it can be very confusing where the golf course land is versus the CDD land. They are here today, three days this week, getting to know the property. There are also areas where they're having to do some catch-up because of Yellowstone not taking care of the areas adequately. For example, since the termination letter to Yellowstone, me and Mary have received emails and phone calls, dozens, in regards to land behind people's homes, often not having been taken care of for quite a bit of time, sometimes several months. For example, there was a woman, I went to her house and she showed me that right beyond her property line, there were six-foot weeds that had not been there two months ago. Half of the retention pond slope across had been taken care of fine, and there is construction going on there, but they just stopped. Some of the weeds, or bushes at this point, were six feet tall. Those will be taken care of today. Alan came out to make sure that the grading was okay to do so. He also informed me that those slopes, and this is at the pond at hole 6, had been initially seeded with Bahia grass. Now there's nothing there that you can tell would be grass. They will be taking care of that today, and then we'll see if Bahia grass starts growing there. Also, the lift station on Hogan Lane was not adequately taken care of and a resident came in and said that people had been complaining that at the curve, people in cars and walking, and bicyclists were having trouble seeing. That should have been taken care of for months by Yellowstone. Quite frankly, I ran out of time trying to get them to follow up on areas that had been neglected. I notified Prince and Sons, and that Hogan lift station should be trimmed, if not today, Monday or Tuesday of next week. They plan on being here for one or two days a week. They have more people working here than Yellowstone did, and they will make adjustments as they need to. They've been very responsive, very concerned. When I've asked them to do things, they've done it immediately. Now I have to say in some cases, Yellowstone, of the many areas, when I contacted them about an issue, usually within 48 hours they took care of it. The problem

I have with that is that we pay them over $160,000 a year, Yellowstone. That's $17,000 a month. I don't think that we should be having to ask them to do their work, and that the residents should have to be asking for help from the CDD to have them do their work. So that is one issue. I know that the East has a field manager and that has been brought up several times, that is through GMS. However, I don't see that as really viable in our community. That's just not how we work. My suggestion is that, and we don't need to talk about it today, we consider expanding some of the scope of our community director, our supervisor manager, our maintenance manager, and our maintenance assistant to do some of the things that a field supervisor might do. For example, supervisors come and go, and some people may not have the interest or the knowledge about plants, or really be able to delve into it and know what should be done. However, we can have staff be trained to know what to look for so that they know if something is falling behind that it be taken care of. That's one of my suggestions. Now with Fox Hollow, they're handling the entry, the seven islands, and around the HFC. They came in on Monday with six people. They're contracted to come in with four, but they knew it was the beginning of their work. They came in with six people, a six-person team, plus the two owners. I got a call at about eight o'clock in the morning from the owner that I've worked with the most, telling me that, "Colette, the condition of the seven islands was atrocious and there were weeds that had been there for months." I went there immediately and they showed me that, for example, in some of the hedges, for a lot of the hedges, there were weeds that had grown up for months, if not years. What Yellowstone did is take the weed eater and just even everything out so that you couldn't tell that the weeds were there. The problem is that since Yellowstone has cut back on what they're doing, those weeds were showing up. This particular company, Fox Hollow, they pull the weeds. They don't just cut off the tops. They had their six people. Four of them were pulling weeds for four hours and were not able to finish the islands. Two people were spraying Roundup where they could, where it would not damage other plants. So, they weren't able to actually start the general maintenance that they were contracted to do. In a sense, they're already a day behind. They are contracted to have four people here, two times a month, for eight hours. That's double the people that Yellowstone had on a three-week rotation. We're getting more attention to the HFC land than we had before. I asked them where that put them and

where they put us. They actually sent a letter which was sent on to our chair asking for three extra days between now and the end of September so that they could catch up on the cleanup, and that's what it is. It's cleaning up what hasn't been done and to be able to also start some of the maintenance. The cost for three extra days would be $1,600 a day, which would be $4,800. I don't know what the Board wants to do. If we choose not to fund that extra work, then we've got to be realistic and understand that there's a lot of catch-up that will need to be done and Fox Hollow should not be held responsible for being behind or for the weeds to still exist. One of the things also that Yellowstone did is it was a really positive thing. I thought when they put down new mulch which had not been done for over a year. What that mulch did is it covered up weeds, the low-growing weeds. Again, since they've pulled back on what they're doing, those weeds went up through the mulch and were growing. It was camouflaging the weeds that were already there. So that's another area where they have to pull weeds. I took 184 pictures of weeds throughout the islands and around the HFC because it was everywhere. I don't know what the Board wants to do in regards to that.
Mr. Mecsics: Jillian and Sarah, I know we haven't provided the final payment to Yellowstone and I'd like you to look into that. How the contract reads is if we can recomp some of that, that we may have to use to catch up and see what they haven't been doing.
Ms. Burns: I did pull their contract to check what it said about the weeding. It does not require them to hand pull. They have the option to hand pull or treat chemically. The contract is not specific to say all weeds must be hand pulled. It does offer another option which is pretty standard. Generally, hand pulling is more of a specialized porter service. Like we've now contracted with Fox Hollow. We can attempt to go back to them. My guess is that Yellowstone may say it's not in the contract that they had to hand pull them.
Mr. Mecsics: Okay.
Ms. McKie: The problem with that is that you can only use Roundup or other chemicals if there are not other plants around and the weeds just stay there. Again, I'm hoping and it sounds like the Fox Hollow has a different standard of care for less price than Yellowstone. But it really illustrated to me that we have been overpaying them for quite a period of time for the standard that they've taken care of the West.

Mr. Mecsics: Can we please take a look at that one more time just to review and just query them to see what the overall feeling is on them?
Ms. Sandy: We can take one more look at it. We did not provide them notice or an opportunity to cure under their contract, which is typically the first step when you would allow them to attempt to cure that before you can withhold the payment.
Ms. McKie: What are you saying, cure?
Ms. Sandy: Cure, so you let them know of the deficiency and then let them come in and make it right.
Ms. McKie: We didn't know about it until Monday. Ms. Sandy: Understood.
Ms. McKie: Their last day had been Friday.
Ms. Sandy: Yes. I understand. That's just typically the steps under a contract. If you're going to withhold a payment, you'd have to notify them of the deficiency. Let them have the opportunity to cure it. If they did not, then you can seek out an alternative and essentially bill it back through withholding the payment. Those are the typical steps. Like Jill said, we can reach out to Yellowstone about it.
Ms. McKie: Well, if nothing can be done, we just have to realize the two different standards and how we've been taken advantage of from my perspective.
Ms. Littlewood: I think it saves some money out of the landscaping budget from last year. Would there be enough in that landscaping budget to cover this $4,800?
Ms. McKie: I was going to talk about that next meeting to be used actually for the seven islands.
Ms. Littlewood: No, we can't keep with that. We're supposed to be looking at how we can save money for these residents. If there's $4,800 left out of the landscaping budget, then that's what it should be used for, in my opinion.
Ms. McKie: It could be, certainly. There is I think $8,400 left out of the $15,000. But that $15,000 is for new plantings, not for maintenance or cleanup.
Mr. Mecsics: Two things: one, I think you've got it farther down in the agenda, the mowing behind Pinehurst Loop.
Ms. McKie: Correct.

Mr. Mecsics: You've provided some pictures, that clearly is money that we should be able to recoup from Yellowstone because they haven't been cutting that forever. I think Colette notified them a couple of times on that. Didn't you?
Ms. McKie: Correct. They said that, no, they were not going to do that, but that was the developer's problem.
Ms. Burns: Do you mind if I provide some clarification on that? That land was part of the golf course tract purchase. This was not CDD common area that was being maintained prior to the golf course purchase. When we purchased the golf course tracts, it was bought as is. It looks like that area has not been sodded, I think, from what Yellowstone was saying and done.
Mr. Mecsics: No, it's not sodded. It's the bank from the house to the lake. After we purchased the golf course tract and we re-negotiated Yellowstone's contract, that land behind Pinehurst and behind the sixth hole is in the Yellowstone contract to be cut by Yellowstone on the same schedule as the homes behind Pebble Beach because it's on the same lake. What they do is they've gone to a certain point and stopped.
Ms. McKie: The map that I referred you to that we used, it shows that it should have been done by the CDD.
Mr. Mecsics: Anyway, my point is, I think we should be able to recoup some money from that because they were told numerous times that that needed to be cut and they were provided pictures by Colette to have that done. Secondly, just about the $4,800 to jumpstart the landscaping. I would support the $4,800 now to get it done so that we can have a true evaluation of the conditions of the center aisles so we can decide. Let's get it done and let's get it right and then we can figure out where we go from there because there are savings already in the Yellowstone contract and if we get additional monies back, it's not an additional expense. I would like to go ahead and try to get that done right away so that we can see what we have in the islands because in September, you're going to make a presentation, I understand, on the islands so we would have an idea of what it looks like when it's properly maintained.
Ms. McKie: What that would allow them to do is to come weekly for eight hours with at least more people.
Mr. Mecsics: Sure. Okay.

Ms. McKie: I know that there was mentioned that in regards to getting money back, we're not paying Yellowstone their last fee that it had to be if they didn't show up. They were here but they didn't show up for the job and there's something not right about that.
Ms. Sandy: Yeah, understood. Did you have a estimated cost from Prince and Sons for that mowing that needed to be done on Pinehurst?
Ms. McKie: I can get it. It's in their contract so it was not itemized, but I can ask. Ms. McKie: Yeah, they're doing it for the first time today.
Ms. Burns: Usually, what we are asking for is like a one-time low cost. Like, if you were going to come in and do a one-time mow of whatever.
Ms. McKie: Yeah, I'm sure. I just did not ask them. I'm sure I can get it.
Mr. Mecsics: That particular piece of property is supposed to be mowed 42 times a year.
Ms. Sandy: Understood.
Ms. Burns: Getting the one-time will help us calculate that cost.
Ms. Sandy: Yeah, and it does look like the final remaining payment for Yellowstone. I think we only have about $6,000 left to pay.
Ms. McKie: Correct.
Ms. Sandy: I just wanted to point that out to the Board in terms of recovery and what we're asking from them.
Mr. Zelazny: Yeah. I do think we ought to move forward with getting the islands done based on the savings we did by changing the contracts. Colette went out and renegotiated the contracts. We did come up with the savings this year.
Ms. Sandy: Correct.
Mr. Mecsics: We should apply that and get it done. With regards to the $4,800 to remediate what Yellowstone did not do, that's within my authority, isn't it?
Ms. Burns: Do we want to give Yellowstone a chance to do the work?
Ms. McKie: It's already going to be done today. That's likely already done. Ms. Sandy: But you had previously pointed it out to them.
Ms. McKie: Oh, yeah. I sent pictures. It's either by email or text and I think Jillian and Ms. Bosman were copied.

Ms. Littlewood: Were they under the same assumption as Jillian was, that it belonged to the golf course.
Ms. McKie: They have the same maps that I do.
Mr. Zelazny: It came under the golf course tract purchase. But when we negotiated for them to pick up the golf course tract, non-golf course-related land associated with the golf course tract that was included in their contract.
Ms. McKie: The map that Yellowstone has is the same as Prince and Sons has and it's marked the same way.
Ms. Burns: I just want to clarify one thing about bringing up the point, that it was part of the purchase for the golf course tract. Originally, when it was brought up when Colette and I were discussing it is because generally those banks were being sodded after the homes were completed by the developer. So my point in saying that part of the golf course purchase was that we purchased that land as is at the time. I think there was some previous discussion about going back and seeing if they were going to sod that area. That was my point. Not necessarily the mowing schedule, is that it was part of the golf course purchase and that it was unlikely the developer because I think that was your original question when you sent it over, that Dana was saying that the developer would sod those upon completion. That was not likely.
Ms. Littlewood: I personally think that we should wait to see if Yellowstone will come back and sod these weeds so that we're not paying out the extra $4,800 or see if Jillian and Sarah gets the money back before we actually pay up.
Ms. Sandy: Do you want to wait and see if Yellowstone does what with the weeds? Ms. Littlewood: We need to give them the opportunity to come back and sod the weeds, in my opinion, as part of the contract, or see if we can get some of the money back from them. Stop the payment if we can do that, then it won't look like an additional
payment to the residents.
Ms. Sandy: Has it already occurred? Ms. McKie: What's that?
Ms. Sandy: The weeds have already been pulled?
Ms. McKie: They started but they could not finish in eight hours. They couldn't finish it. It's not just the seven islands, it's all around the HFC.

Mr. Mecsics: But if we hesitate, Angie, that stuff is going to continue to grow right back again and that's why my personal feeling on it is that let's get this thing. Like Bob said, we have a standard. We'll do the other one to recoup the funds from Yellowstone.
Ms. Littlewood: But we're not talking about weeks, are we? How long will it take, Sarah, to sort this out with Yellowstone?
Mr. Mecsics: It could take weeks. With all due respect to our legal folks over there, it could take a long time.
Ms. Sandy: We have to provide the notice and then the opportunity to cure to come back out. We can certainly push them to do it as quickly as possible.
Ms. McKie: Why? I think that would just cause such confusion about whose job is
what.
Mr. Zelazny: Yeah. Again, part of the problem, Sarah, is that with the mowing part,
Prince is doing that today. With the weeding part, I think they got up through the two front beds and two islands. A third of it is done but they need to have more time to finish up. Fox Hollow has already done half of their work.
Ms. Sandy: Right. What I can do is reach out to Yellowstone, let them know that the Board has moved forward with the contractor in doing these items, that these were the costs, and that we intend to offset it. But the question is if they come back and pursue it anyway. If that's the case, it depends on the back and forth and how much negotiating there is. There might be a point in time where it would just not be worth the cost.
Ms. McKie: We might just have to bite the bullet. I think Bob is right. How do we make it right so that we're not continually behind?
Mr. Mecsics: Do we need to hold a vote for that or can I use that under my contingencies?
Ms. Burns: With staff direction.
Mr. Mecsics: Okay. Then the rest of this continuing on to the Yellowstone as Bob was talking, not Yellowstone but Fox Hollow, to finish this thing up so we have a standard. Do we need to vote on that?
Ms. Burns: If it's an addition to that contract, then yes, we would want a vote on that. I just have one point of clarification. With Fox Hollow, did they say that they could catch up on the weeding, and it would just take longer?

Ms. McKie: They need three days. They would like to catch up so they can start the maintenance. It's very difficult for them to do both.
Ms. Burns: Generally, how a landscaping contract is set up, and this is a little bit what Clayton was talking about, is that you want a very defined scope of work and then they bid that scope of work. Whether you send six people one day a week or two people three days a week, that doesn't necessarily matter to us, the amount of time and hours that you are spending on site. There is a scope of work that defines what needs to be done and how they want to break that up during the week, if they mow two days a week and pull weeds a third or they have enough people to send in and do it all in one day, I don't think that District necessarily cares. I have a little bit of concern about saying, "Well, we had this many people, we sent two more people.” If this is not clear, we are going to have a continual problem with them saying, "We need more days and more manpower in order to perform the scope of the contract." I understand, obviously, at the beginning they have some catch-up work to do but I would like to bring that up as a point to the Board. If we're talking about additional man hours, that's not generally how a landscaping contract is bid. It will have two people either two days a week for eight hours, and anything beyond that, it's going to be additional charge.
Ms. McKie: I think you're making it too complicated. They're asking for three days to do a cleanup versus general maintenance which is what they were contracted to do.
Ms. Littlewood: But this is the first week and they're already asking us for more money.
Mr. Mecsics: That's because Yellowstone didn't do their job. Ms. Littlewood: That's the point that you are making, right? Ms. McKie: I don't know what to say.
Mr. Mecsics: Well, it appears that we're faced with either giving them or not giving them. I think they'll do the additional work to catch up and then continue on to normal schedule of what they're supposed to be doing or we push it further down the line.
Ms. McKie: We can ask them to have two people do general maintenance and two people do the cleanup.
Mr. Mecsics: That will impact upon the general maintenance and everything else. Ms. McKie: Absolutely.

Ms. Littlewood: I think what Jillian is saying is, what does the contract state? Does the contract state that they are going to be weeding and taking care of the plants or are they just going to be taking care of the plants?
Ms. McKie: This isn't normal weeding.
Ms. Littlewood: No. What does that contract say? Are they pulling weeds and taking care of the plants? Is that what the contract says?
Ms. McKie: Correct. Yes.
Ms. Sandy: I should say it's not that atypical, that when a new landscaper comes in and find things from the prior landscaper and says these are cleanup items that the prior landscaper failed to address. I have seen this before in various forms, so it's not that atypical. Jill is just making sure that we're watching that moving forward, that they're not coming back and saying we need additional to do the day-to-day. I think this is probably the expectation that should be conveyed to them. This is a one-time thing to get us to the starting point and then you'll be doing it under the cost that you proposed.
Ms. McKie: I think when a person who's owned a business for over 20 years says the condition is atrocious, that's different from, "It's just a little bit of clean-up that we need to do."
Mr. Mecsics: I think to put it in the legal terms, this addition is to remedy the situation, to start whole again and then move forward. If we need a motion on that, I'll make the motion that we authorize that and make that remedy the deficiency that we were left with, and then make the property whole, and then from there, we can move on.
Ms. McKie: I think is if they only need two days or one day, they'll be honest about

that.

Mr. Mecsics: Any further discussion?
Mr. Zelazny: Collette, on their catch-up, I thought they were doing a marvelous job

out there by the way. During their catch-up, can they remove all of the dead plants? I mean, they've done a lot of weeding but when I drive by, it looks like they've left some of the dead hawthorns in place.
Ms. Littlewood: Surely that's not part of weeding though. Surely that's part of taking care of the shrubs.
Mr. Zelazny: Well, I'm just trying to get to the baseline.

Ms. McKie: I can ask them.
Mr. Zelazny: It was just a question. Ms. McKie: I don't have an answer.

On MOTION by Mr. Mecsics, seconded by Ms. McKie, with Mr. Zelazny, Mr. Hill, Mr. Mecsics, and Ms. McKie in favor, and Ms. Littlewood opposed, the Landscape and Wetland Update to Approve an Additional $4,800 to Fox Hollow for Additional Landscaping Bed Clean Up, was approved 4-1.

*At this time the Board took a 10 minutes recess.
Ms. Burns: For those on the Zoom line, we're going to jump back into the meeting. Just for the record, we are on Item G. We've done the landscaping update. We're going to move into the wetland mitigation update.
Ms. McKie: In regards to the wetlands, the Hart Lake, in the contract that had been proposed that the final date was August 7th. I received three checks from Hart Lake residents to pay for the trimming to three feet and they returned those checks to those residents on August 2nd or 3rd. The feedback that I got, mostly phone calls, some emails, office visits, or being stopped as I was out and about. I was asked why the invasive plants weren't being removed, replanted, and then being maintained and I explained to them that that had been one of the options that was not carried through, was denied by the Board and they asked me if cutting the plants to three feet was a waste of their money. I couldn't answer that for them. What I did relay to them was what I've been told by Applied Aquatic and that was that was in 3-6 months the residents may be very unhappy with the results because the plants will grow and they will continue to grow. Some people contacted me and said they really didn't think the plant growth hindered their view, so they were not interested and most of the people who contacted me were people who had not attended the meetings or listened to the meetings or read the minutes of the previous meetings. On Rattlesnake Lake, the Hogan residents, one check was delivered to me to contribute to the trimming of three feet and that check was returned to the household on the 2nd. Again, I heard from people who said they didn't perceive that the plant growth was an issue and others said they would contribute to only their household being done

and other people said they felt the CDD should pay for all the wetland work. So that's all I have to say. At the last Board meeting, there was the decision that that was the end of estimates and contracts and things like that. In regards to the Pebble Beach, the last meeting was eye-opening. I was asked questions by residents that I really could not answer in regards to what happened at the meeting and what had happened before the meeting and then after the meeting. Since we can't talk to each other, I have those questions and the only way I could figure out organizing them was by date and I tried to put them together in a more succinct manner versus long conversations that people had with me that I really couldn't answer. So I have some quotes from some of the emails that were sent about the Pebble Beach wetlands and which prompted questions from the residents. So the first one is from an email sent on the 29th to residents. Here's the list of residents that I will be looking to receive a check in the amount of $200. Some residents expressed that they felt pressured to pay the fee and the question came down to, is it acceptable conduct for a supervisor to apply peer pressure on residents by distributing residents' names to all the residents who were expected to make the payment. Then at the meeting on July 18th, at the Board meeting, a supervisor asked, "Are you doing it as a Board member of the CDD?" The response was "No" and that eventually led to a whole discussion from the attorney about conflict of interests and people having to abstain from voting because they lived in the area the vote was taking place. So I was asked, "Is it a conflict of interest for a supervisor to lead a major CDD II owned land project but then say he was not acting as a supervisor?" Is it appropriate to say I'm only doing this as a resident and at the same time contacting a contract vendor for work to be done on CDD II property? Is it acceptable for a supervisor to organize and send emails about a major CDD II project, but then say it was only done as a resident? Is it acceptable for a supervisor to only do something as a resident in order to get around Sunshine laws?" Another quote on July 18th from the Board minutes. "I'm a member of the CDD, but Archie came out, and Collette went out and looked." I was asked, well, Collette, you approved what was being done. I had to tell the resident asking and said, "No, I was not involved and I never went out and looked. I only found out about it from someone at the driving range." The person said, ''Oh, can you tell me about this? We know how much it's going to be.'' I said I have no idea what you're talking about. That conversation took place after

the first estimate was already done. A resident asked me about a portion of an e-mail. "I believe we will all get to enjoy a much-improved view out our back lanais." That was on the 26th. The question was, is it a conflict of interest for a supervisor without the knowledge or approval of the Board to initiate a major CDD project that personally benefits himself and involves dozens of residents and collect over $5,000? On August 6th, an e- mail is sent out, "Would you reach out to Collette and inform her of situation? I would like to get a couple more quotes. I would like them from Yellowstone and Prince." Now that was sent to Jillian. Then later on that day, an e-mail was sent out to those residents saying that Collette was going to get estimates from two vendors. So residents came to me and said, "What are those two vendors?" I knew what they were and I explained to them that neither of those vendors were certified management companies. So the conversation went from there. I was asked, "Is it a conflict of interest for a supervisor to have previously supported only contracting certified aquatic management companies for CDD wetland work, but then when it's wetland behind the house? Is that okay?" I couldn't answer that question. Then another e-mail went out on August 6th saying, or a portion of it said, "It is unacceptable that we are expected to pay almost $2,000 more for 60 days growth." Well, in an e-mail, it said that the contract was final on May 29th. That means the way that Applied Aquatic does their contracting is whatever the end date was, 30 days before April 29th, was the beginning of that contract run, that 30 days. It really wasn't 60 days growth, it was 90-day growth. I just said a little bit ago that in 60 days, we had a resident have six feet of growth in 60 days. There was question about, that was pretty stringent of Applied Aquatic to not give the same amount for the second contract because it was only 60 days. But we forget how much plants grow, especially during the rainy season. The final e-mail was actually yesterday. These are more my questions rather than questions from residents. Part of the e-mail said, "The increasing costs are attributed to the removal and carrying away of debris. As I feel strongly that we must do whatever it takes to preserve our view, I'm moving forward and turning the checks over to the CDD and committing us to the contract in the morning. I am covering the difference in order to get the area cleaned up." What struck me in that e-mail that was forwarded to me by a resident was that never in any of the e-mails was it clearly stated to the residents that the work that will be done is trimming bushes to three feet. Those are the bushes that are allowed to be trimmed by

SWFWMD. Some of the plants cannot be trimmed, and some if they have a certain diameter of the trunk, cannot be trimmed. When people came to see me, they thought that the plants were going to be removed. When I told them that that was not the case, they were very confused. They said, ''Why haven't we been told what the actual work is?'' I think the term "removal" and "cleaned up" is not enough information for them to know what their contribution is being spent for. Again, I was asked about "What it takes to preserve our view?" I can't answer those questions about conflict of interests. This experience, along with the landscaping experience, really impressed me in regards to the question of a field manager. I don't see how a GMS field manager would fit in with the way this Board works. Possibly expanding the community director, the maintenance supervisor, and the maintenance assistant with some functions. For example, if all estimates went through staff, we would not be in this situation. Estimates would be garnered by the staff and they'd be reported to the supervisors just to make our role more of receiving information and making final decisions or asking for more information. These were very awkward and difficult conversations, and this is very awkward and difficult for me to present. I think the residents need to know what are our boundaries, if any, or are we autonomous? I need to know where the Board fits in. What can I do, or where I should come to the Board. People have said Collette has taken so long to get anything done, but I came to the Board. So I had to wait from month to month, from one decision to another. Actually, this Pebble Beach project has taken at least five months. I think we really need to either have some guidelines of what is appropriate or figure out some other ways to work. Because everybody involved in the wetlands, all the residents, and I'm certainly very confused about where we stand. I was confused enough and concerned enough with Rattlesnake and Hart Lake, but now with Pebble Beach, I really don't know where we are.
Mr. Mecsics: Hold on, Jillian, do you want to address the Pebble Beach one specifically?
Ms. Burns: Yeah. Just to make sure that there is no confusion to residents who have submitted the checks, I'm going to e-mail everybody who submitted a check for that area, a copy of the contract, so they know exactly what's being done and give them roughly 24 hours to let us know if they have any concerns about the scope which would still allow us to go forward with getting that contract signed. I am going to try to reach out

to Archie and see if he's able to hold that quote for one or two more days just to see in case we have any issues. But we're going to make sure that everybody on that area has the copy of the contract and we're going to give them a certain amount of time to say, if you have any objection with your check, please let us know by this date. After that, we have all the checks, we're going to sign the contract and submit it.
Mr. Mecsics: All the folks involved will be notified.
Mr. Hill: What is the amount on that contract right now? Ms. McKie: Sixty-six hundred dollars.
Mr. Hill: Pebble Beach? Mr. Mecsics: Yes.
Ms. McKie: That is Pebble Beach and it's also the same amount as Rattlesnake on Hogan.
Ms. Littlewood: Can I make a comment? Mr. Mecsics: Yes, ma'am.
Ms. Littlewood: First of all, everybody on Hart Lake knew exactly what was going to be done because I was the one that sent out the letters. I did send emails. I actually physically went around and handed letters out and spoke to people. They knew exactly that it was only to be a cut down to three feet. They all knew that. But the other thing is, it's been dragged out for so long and I thought we had it pinned down. I can't remember what month it was when we said we were going to do this letter, this form for them to fill in like the arc and they were going to submit it to a contractor. The brief was to go back and get the names of three contractors who SWFWMD had no problems with. Then those three contractors would have been pinned to the back of the form that the residents would be filled in. They knew exactly who they could contact. They could contact one of those or all of them and get quotes and then go with the one that they wanted to. But some of that got translated into, “Well, there's going to be 400 or 200 contracts,” which it is not. That is the simplest way to do it. That way everybody gets what they want, everybody pays what they want to pay, and still working with contractors the CDD approves and the SWFWMD approves. I don't see why we can't go back to that and why that's an issue.
Mr. Mecsics: I know that thing has evolved over the last couple of months and actually, this whole stuff has been going on since when I first came on the Board. I went

back and looked at my first Board meeting in 2014 and this was discussed at that time. It was deferred. The issue as we had talked about of having each individual negotiate, they're negotiating for not their property. That's why it was said the contract has to go to the CDD, no one else, because it's not an individual resident’s property and that's where we came up. I think the research found out what some of the other contractors that won, they weren't willing to do smaller parcels. Again, correct me, Applied Aquatics was the one that came back in and said, "We will do it but only to a certain amount of tracts, not individuals, because it's not cost-effective." To clarify that again, and I'm not going to get all upset, that property is CDD property. Anybody out here, I can't negotiate as a resident and when Bob said he was a resident. We are supervisors 24 hours a day and that's why we had to be careful with the Sunshine law because I can say, "I'm a resident, can I talk to you?" I can't because we are supervisors. That's the reason why I ended that. Again, correct me as to why that was all modified.
Ms. Littlewood: But the point is that there are tons of contractors out there. I emailed someone when this still started. She said, "I can't give you a list of contractors but if you find somebody and contact me, I can tell you if we've had an issue with them. I can do it that way." There are contractors out there that we could contract and to keep going back and saying, "It's CDD property and the contract has to do with the CDD." We all get that. We all get that but you're wanting the residents to pay. If we, as a Board, approved three contractors and give those to the residents and say, "These are the contractors that have been approved by us and by SWFWMD that you can use. You can't use anybody else. This is the form. It has to come back through us. You can contact these contractors. You can negotiate for your piece of land. If they'll do it, if they won't, fine. But if they'll do it, you can negotiate your piece of land; the piece of CDD property that backs onto your property. You can actually negotiate for that. Then you pick the one that you want to do the work and we'll approve it as a Board. The checks will be made out to the CDD and the CDD will pay the contractor." I just don't see any confusion or any difficulty.
Mr. Mecsics: Again, the negotiation has to be with the landowner, not with the resident that has a property adjacent to the CDD property.

Ms. Littlewood: I saw a supervisor goes with, "Is there present when the resident is talking to the contractor?" We say, "Well yeah, you can do that if you want." I just don't get. I think it's just been made really more complicated than it is.
Mr. Mecsics: Okay. Thank you. Anything else?
Mr. Zelazny: Let me see if I can answer some of Colette's questions or the residents' questions. This started outside of the approved channels because I asked Applied Aquatics to give me an estimate as to how much it would cost to do my side of Rattlesnake Lake. He provided a quote. At that time, the quote was provided to me and a copy was provided to the District and not at the same time. It followed later. I took a flyer to every one of the 34 homes, identified myself as a resident. I said, "I am not speaking on behalf of the Board or as a Supervisor, I am speaking as a resident and I have an issue with the buffer. I have a quote. Are you interested in participating?" I followed it up with another handout. The same information. We set up a town hall meeting, if you will, for our residents that were involved to come and discuss the issue. We sent out the information and we said, "This was what the quote was, how much would you be willing to pay if you want to participate?" That was the question. How much are you willing to pay if we want to move forward? We got responses back from 25 people, all ranging in money from $200-$280. This is herding cattle. This is a five-month process to do it. Once we did that, then we had missed the gait, the end of the bid period, which then required them to do a new thing because we were prepared to move forward. He gave a new bid. He did not send the bid direct to me. He sent it to the District. I got it. Secondly to that, I sent out again a note to the residents that were involved and only to the residents that responded positively. I didn't identify anybody who wasn't participating. I identified those that committed to funding. I said, "We're going to move forward, then I need a check for this amount so we can move forward." That's all we did. I received checks from every one of the individuals. In this entire process, I have not received one call, one question, one email from any one of those residents on moving forward where I might have initiated the program by asking Archie how much it would cost to see if it was worthwhile pursuing. After that, it has been in accordance with the policies that the Board voted on. You can go all the way back to 2014 when Dan Murphy was on the Board and this was the same solution that they offered back then, except back then they said, "A resident could go

ahead and investigate and negotiate and then let the Board know." That was back in 2014. Why I might have gotten the initial thing first incorrectly, it was put into the right sequence of how we're supposed to do it and I clearly stated, "This is not as a supervisor. We are doing it by the Board things." This was clearly as a resident. Again, not one of those people have called me, emailed me, or come to see me about any issues associated with how we're doing it. After the e-mail comes out, if they elect not to do it, then we won't pursue it. Other than that, we have the money, it's turned into the CDD and we're waiting for the contract to be executed.
Ms. Littlewood: My thing again though is we went back down to one contractor which was Applied Aquatics. If you don't get your bid in time because that's their 30-day notice, then anybody can go too anyway. The company owes to whatever they want. You're given one contract for a monopoly and that's fine if the CDD Board wants to pay. But when it's the resident that's paying, then they should have the ability to be part of the negotiation, let's say.
Mr. Zelazny: That brings up a good point as well. We got our new bid in at $6,600. What actions did I take as a resident? I followed the instructions. I sent a letter to the District and said, "Please get me some additional quotes," of which I was told, "No." But that's beside the point. Our group is elected to follow with Applied Aquatics at this time. If the people want to back out now, that's fine. I tried to do it within the scope of the procedure which was to send a note to the CDD to find the contractors and get me a couple of bids. Not getting it, I move forward, we decided to execute on this contract which the bid is good to the 22nd.
Mr. Mecsics: Jillian will be weighed on that portion of this whole thing to get back from those, that there's no level of continuum. I think the important thing that you were talking about was that all the residents understand the scope of what they're getting and by what you're doing, that should cover that.
Ms. Burns: I have all the emails from Bob. It will go out this afternoon. My thought was we will give them to the end of the day, Saturday, so that will wrap everything up on Sunday to get it done by Monday.
Mr. Mecsics: I'll be here all Sunday. Ms. Burns: We'll coordinate.

Ms. McKie: Great. Thank you.
Mr. Mecsics: In regards to the other two, Angie, we had a vote. The Board took a vote and it was at that time, and I know some of you had to recuse yourself on that, that was the timetable that we have established and then it's passed. I know I've heard a lot of the residents that we want to continue on and residents can bring stuff up all the time.
Ms. Littlewood: I didn't realize that the vote was going to be the final thing. I thought we were voting at that time first to go back to the residents with this new quote that we had and said this is how much it's going to be for the residents to work it out among themselves if they want to pay or not. I didn't realize that that was an end to it because I can tell you now, there's not going to be an end to it.
Mr. Mecsics: Yeah. Mike Eckert, God bless him, did very clearly articulate it that
way.
Ms. Littlewood: I don't think it will be because I think residents will ask me to bring
it up again.
Mr. Mecsics: That's fine. I mean, again, residents can bring it up. I will never say to anybody out there that, "You cannot bring things up again.” We took a vote as a Board. At this time, that's where it ends. I hate to be the bad guy about it, but I've looked it over and considered talk to the attorneys, talk to Jillian. Again, I don't close the door. If they want to bring it back up, you can bring it back up. Again, remember, at this point in time, that's where we're at. Anything else?
Mr. Hill: For the last 10 months, I've listened to the Board, tried to find a solution for the residents' issue in the wetlands. The Board has always stated that they can't risk the liability issue if the residents cut down and place non-invasive plants and the Board gets fine. Additionally, the Board doesn't feel that they can ask all residents to pay for the cutting of the wetlands for the benefit of about 70 residents. The Board's plan is for 70 residents on the lakes to pay for the full cost: $6,600 for Pebble Beach, $6,600 for Hogan, and $10,500 for Hart Lake. The issue of liabilityis if these 70 people sign a contract saying that they won't violate it, what happens if somebody new moves in and he sees people cutting and he goes down and cuts something that's non-invasive, then where do we stand for the liability issue? Secondly, these 70 residents who want to cut the wetlands down to three feet pay a total of $177,344 in assessments or about 10% of our total

assessments. Of that $177,000, it goes to pay for capital projects and upkeep of amenities. Many of the residents don't use the amenities of Lake Ashton, but they still pay for them. Many of them consider the view of the lake as amenity. At one time, this was going to be considered a nature trail or a new amenity. This has been a couple of months ago. If the Board took about 5% of $177,000 that they pay in the assessments for about
$9,000, you could take $9,000 and pay $2,000 towards Pebble Beach, $2,000 towards Rattlesnake Lake, and $5,000 towards Hart Lake because their area is going to cost more. That would reduce the high cost to each of the residents trying to get this issue solved. It would reduce Pebble Beach down to $4,600 and Hart Lake down to about
$5,500. The Board would not be asking any other residents other than these 70 to pay for this issue. These residents pay the premium for their lake views and the builder told them, "No problem, you can cut it." When he abandoned them, they turned to the Board for help. I don't think their request is unreasonable. I feel that one reason we serve on the Board is to try to solve the problems for all of our residents based on past votes. Since it's already been voted down, I don't foresee this having much effect, but this is how I feel about it.
Mr. Mecsics: Thanks, Duff, and I appreciate your perspectives. The wetlands, after we brought up about using it for nature walks, are not an amenity, in my personal opinion. Because if they were, then there'd be a lot more liability for everything that we do. It's not an amenity. Because if it is, then we would have to go forward with those nature trails and I certainly don't want to go down that road. Again, I appreciate your comments.
Mr. Hill: I think the residents looking at the view over the lakes would consider that an amenity. I know we don't.
Mr. Mecsics: I understand that and I understand that very heartily. Mr. Hill: I've got it off my chest.
Mr. Mecsics: There you go. Moving on. Area H, discussion regarding the lift stations and landscaping at Sawgrass and Pinehurst. Colette, on you.

Discussion Regarding Lift Station Landscaping at Sawgrass and Pinehurst
(given by Supervisor McKie)
Ms. McKie: This is a very interesting and puzzling area. I'm talking about the lift stations at Sawgrass and Pinehurst. The lift station at Sawgrass, the houses are almost

finished there and it's a different type of lift stations. In many of our lift stations, the ground outside of the actual fence is very small. For Sawgrass, it's 85 feet long and its average is between 14 and 16 feet deep. That's a lot of land. I prevailed upon Yellowstone to finally deal with the weeds there. At first, they said they sprayed them, but then left them and they finally removed them. But the thing is that it's a piece of land that they would like to be other than just dirt where the construction trucks park on. I got estimates from Prince and Sons for doing Florida-friendly plants. Actually, I contacted the city of Winter Haven. They had the Florida University landscaping extension come out and they put a plan together of Florida-friendly plants that would not need irrigation because there is no irrigation and it will not be provided by the city. We cannot put irrigation in. I took those, gave those plans to Prince and Sons. They came out and put together two estimates. I sent those estimates to Jillian and Mary, and Jillian found that that property has never been transferred from the developer to Lake Ashton. We don't own it.
Ms. Burns: It's showing up on the property appraisers' website, as being owned by the developer. Generally, some of those are conveyed to the city by the plat. We believe the city has taken responsibility for that lift station and is maintaining that area. It is not CDD property.
Mr. Zelazny: That was done, as you remember, we were getting billed for the electrical at those locations when we call the city and the city said, "No, that's ours, we will transfer it over."
Mr. Rayl: The lift station at Pinehurst is shown by the property appraisers being CDD owned.
Ms. Burns: The parcel shows the development entity. Mr. Rayl: On Sawgrass, that one's still the developer.
Ms. McKie: It's Pinehurst. Which one did you say, in Pinehurst? Mr. Hill: Pinehurst.
Ms. Burns: Okay. Pinehurst is the one we checked that showed developer.
Ms. McKie: No, I mean, the main one is Sawgrass because it's so large. Pinehurst, there's still a lot of building going on there. But when I've talked to the city of Winter Haven, the manager of lift stations, they said, "Go ahead and plant." It's beyond me and that's why I asked you to do the research on it because we're in limbo here.

Mr. Zelazny: Reference to one on Sawgrass, I provided Mr. Mecsics a copy of the sales agreement to the house that's just adjacent to it, where the builder has committed to landscaping the lift station on Sunday.
Ms. McKie: Yes. I was told that that existed, but I'm glad you guys found it.
Mr. Mecsics: Yeah, and that was provided to the developer for him, acting under my HOA responsibility, not the CDD, that was given to the developer for them to even take action.
Ms. Burns: On Sawgrass?
Mr. Mecsics: On the Sawgrass fund, correct.
Ms. Burns: That is the one that's showing up as still being owned by the developer and that is probably why.
Ms. McKie: The developer said, at least when I talked to him, "No, we're not doing squat there."
Mr. Mecsics: It will probably take a formal letter from the CDD to the developers saying that list still shows that and whatever has to be done.
Ms. Burns: I think that's where we need to refer the questions. If residents are asking us, this is not a CDD issue. This is not a property that is owned by the CDD at this time and so if the developer owns the property, it's their responsibility. If it's been conveyed to the city of Winter Haven, it is their responsibility. It's not CDD owned land and so I think we should refer them to those entities.
Ms. Sandy: I have to ask as well, if it's overgrown, is it a code enforcement issue?
Ms. McKie: Well, no, it's not overgrown now because the Yellowstone, I had no idea. It was still owned by the developer. The developer, I even talked to him about the estimates and he said, "Yeah, go ahead. Go for it." I mean, we need something formal because nothing else is getting through.
Mr. Mecsics: Jillian, as the District manager, would you get with the city and get a definitive answer? I know you called and talked to the guys, but let's get something in writing from this, the status of all that, and then we'll send a letter to the developer and say, "Hey, we have this agreement you made with those individual homeowners." That's with the individual homeowners, not just CDD, and let them refer it over to him. We'll pass that extra over him.

Ms. McKie: Because it might be beyond the lift station Winter Haven manager. Mr. Mecsics: Exactly.
Ms. Sandy: I just want to be clear. You would like me to send a letter to the developer to try and enforce the agreement of the individual homeowners have with the developer?
Mr. Mecsics: I think we just need to reinforce with the developer that it is still his property. But more importantly, for those individuals, those folks that live around it, for them to contact the developer or the city of Winter Haven, saying that, "This area here, one for the developer, you agree to take care of this stuff for us," and then number 2, at the city of Winter Haven and get to the representatives. We can certainly give out representatives to the city of Winter Haven Board to provide their inputs to them as well.
Ms. Sandy: Okay. I just wanted to be clear that the District doesn't have any kind of rights in this situation as of right now.
Mr. Mecsics: Okay. Can we send them like, what do you guys call that, an amicus of the court? Friend of the court?
Ms. Sandy: Yeah, just as the interested. Has this been brought up to the HOA? Mr. Mecsics: Well, right now the HOA is still the developer.
Ms. Sandy: Exactly. Going through the HOA, that is involving the developer. Mr. Mecsics: I will follow up with that with the developer.
Ms. McKie: Okay. Scott Owens is the one who said, "Colette, get that landscaped." Mr. Mecsics: Yeah.
Ms. McKie: I mean, thinking that it was our property and I even sent him what you had sent to Jillian, Jillian sent to me and still, it was, "Go ahead and do the planting."
Ms. Burns: Well, we have an issue as a CDD, using CDD funds to improve privately owned property.
Mr. Mecsics: Correct.
Ms. Burns: So whether he gives us the permission or not, this is not CDD common area at this point.
Ms. McKie: That's fine. I mean, again, it's beyond.
Mr. Mecsics: To your point, we just need to get clarify it once and for all and go from there.

Ms. Sandy: The only action that the Board would be making at this time is to send a letter to the developer, pointing to where he has an obligation to maintain this area.
Ms. McKie: Well, whomever it belongs to needs to do something about it and get it improved. It's pitiful-looking.
Ms. Sandy: Understood. I think to Jill's point, it's privately owned property and the city could do a code enforcement. We don't have that kind of authority as the District. We don't have necessarily the authority to tell the developer since we don't have an agreement in place for him. We can remind him of his obligation through a letter saying, "We've heard from our neighbors and interested parties that this isn't being maintained, we've looked into it and it is not a property of the District to maintain," and point to their obligation. But there's not a lot beyond that.
Ms. McKie: That's fine. If that is the case, then we need to figure out how to let the residents know on Sawgrass and a small portion of Oakmont that we are not.
Ms. Burns: I think if they come to us with questions that we would refer them to express their concerns to the property owner.
Mr. Mecsics: We'll work on it
Ms. McKie: That's fine too, but we need to know who that is, who's responsible for it ultimately.
Mr. Mecsics: Okay. Anything else, Colette? Ms. McKie: No.

Discussion Regarding Common Area/Golf Course Tract Behind Pinehurst Loop (given by Supervisor McKie)
Mr. Mecsics: We've discussed the common area golf course tract behind Pinehurst.

Discussion Regarding Supervisor Roles (requested by Supervisor Mecsics)
Consideration of Resolution 2021-12 Appointing Treasurer and Assistant Treasurer – ADDED
Mr. Mecsics: On the supervisor areas, seven years ago when the Lake Ashton II Board became hailed by the residents with one exception, we were faced with a formidable financial challenge. The Board to save any more personnel costs, adopted a

system or approach where each supervisor had an area to oversee and act as a point of contact for residents. That designation of area was given to the chairman of the Board. While there's no statutory requirement, this agreement has worked well. Our present Board, primarily of newer supervisors, was given that same system. In retrospect, I should have said this back in November. Simply put, each supervisor within that area should be the focal point for resident questions and advocacy for the programs within the areas. If a contract is associated with it, they also oversee the contract and again, report back to the Board.
Ms. McKie: Could you go a little slower, please?
Mr. Mecsics: I'm sorry. This arrangement does not preclude any resident from speaking to whichever supervisor they like. If that's the case, then we have that supervisor discuss with a District manager or wait to bring up that question or subject at a Board meeting. That agreement also included that supervisors would discuss individual concerns regarding staff with the District manager who had worked with the Board chairman to answer or resolve issues. Above all, we're not going to use public meetings as a way to either criticize or discipline any of the staff members. That agreement also includes the understanding that Board members were absolutely free to discuss things with staff or contractors in certain areas. The supervisor for the designated area had operational directions to them. Doing so will preclude a situation where our staff literally answer to five different supervisors. I'm doing this today so that the Board understands why, and also as we do this construct, I would like to just answer and just add one more. We all disagree, but when we have disagreements, I would ask each one of you to let it go when we walk out here because I want us to all be friends and we'll discuss things but then when we're done, we will work together as a Board to get these things done. There's a couple more things we have to do and then I'm going to ask if we could move this on because Angie's starting to fade on me. Resolution 2021-12, appointing treasurer and assistant treasurer and that's in regard to the bank and these demands, correct?
Ms. Burns: Correct. As part of the commitment letter for the refinancing the Board, as we discussed at the last meeting and agreed to transfer the general fund to the new bank. They need some updated resolutions naming officers to sign to this bullet point, the

GMS staff members who are already appointed to sign checks this is just re-appointing them.

On MOTION by Mr. Zelazny, seconded by Mr. Hill, with all in favor, Resolution 2021-12 Appointing Treasurer and Assistant Treasurer, was approved.

Consideration of Resolution 2021-13 Established Bank Account and Authorization of Bank Account Signatories – ADDED
Mr. Mecsics: Consideration of Resolution 2021-13, establishing a bank account and authorization bank account signatories.
Ms. Burns: This is just directing the funds to be transferred and then authorizing those officers to actually sign the checks.

On MOTION by Ms. McKie, seconded by Ms. Littlewood, with all in favor, Resolution 2021-13 Established Bank Account and Authorization of Bank Account Signatories, was approved.

EIGHTH ORDER OF BUSINESS	Staff Reports
Attorney
Lake Ashton II Community Director
Consideration of Surplus of 32 HFC Chairs
Mr. Mecsics: Now we have staff reports. We have to do the financials as well, I know Mary, you sent your report in. Go ahead.
Ms. Burns: I think we just need the surplus of the chairs. So it will just be a motion to surplus the 32 HFC chairs and the recumbent bike?

On MOTION by Mr. Hill, seconded by Mr. Zelazny, with all in favor, the Surplus of 32 HFC Chairs, was approved.

District Manager’s Report
Mr. Mecsics: District manager?
Ms. Burns: Nothing additional to report unless anyone has questions.

NINTH ORDER OF BUSINESS	Financial Report
Approval of Check Run Summary
Mr. Mecsics: Financial report, approval and check register. Mr. Hill: I looked at it and it's okay.
Mr. Mecsics: You looked at it.
Mr. Hill: I looked at it and it looked okay. There were a couple of invoices from Fox Hollow, but everything looked okay.

On MOTION by Mr. Hill, seconded by Ms. McKie, with all in favor, the Check Run Summary, was approved.

Combined Balance Sheet
Mr. Mecsics: Combined balance sheet. That's just for information purposes. Ms. Burns: Yes, if anyone has questions that we can answer.

TENTH ORDER OF BUSINESS	Supervisor Requests
Mr. Mecsics: Supervisor comments or request.
Ms. Littlewood: Just a couple of things. I just want to let the Board know that I met with Steve. We had our first meeting about the joint amenities policy. We are going to be moving forward and involving Mary and Christine. Is there anything that the Board particularly wanted to add to that or to change in that?
Mr. Mecsics: If you do, what I would ask you to do is to give them to Jillian and they'll be given to you so that we don't have any Sunshine law issues.
Ms. Littlewood: I haven't forgotten the memorial project. I am working on that. Mr. Mecsics: Okay. Great. Thank you, Angie. All right. Anything else?
ELEVENTH ORDER OF BUSINESS	Public Comments
Mr. Mecsics: Any other public comments? Come on up, Cheryl.
Resident (Cheryl Winchesterl, 5453 Hogan Lane): Maybe I'm considered blonde or dumb. I have no clue. But I've sat on many Boards and I don't feel that way. Again, Angie's brought it up on our behalf. I don't know how to continually bring this up when you say we can bring this up, but you keep shutting it down. I wanted to go out as a resident and get quotes for the trimming. I was told by Collette that it's absolutely not available. I

called Applied Aquatics. They said they won't speak to me. I would like to know how Bob did it then as a resident. If he's standing up here telling us he's doing it as a resident, why can I not do it as a resident and then have Bob or Collette come stand with me to be the supervisor? I think it's very, very confusing and yet now you're telling me that his side could possibly getting trimmed. We've been asking for this for over a year. So I would now like to go out as a resident and get a quote and I'll be happy to ask Duff, Collette, Angie, Jim, or someone to stand with me and get permission. Because I'm just getting more and more confused as I sit through the meeting and I hear that residents aren't allowed to do this because it's CDD property and he keeps saying he did it as a resident. Is that fair? Is that a fair assessment of what I'm hearing?
Mr. Mecsics: Do you want to answer that?
Mr. Zelazny: I think the difference, Cheryl, is what you're asking for us to go out and find a bunch of quotes. What I did, which was preemptory, obviously, but I went to one of the approved people and asked them what it would cost, and that's how I started. I was corrected by having done that. That horse has left the barn.
Resident (Cheryl Winchesterl, 5453 Hogan Lane): No. You still followed through as a resident.
Mr. Zelazny: Then I put it back into the regular procedures which I've been trying to follow since.
Resident (Cheryl Winchesterl, 5453 Hogan Lane): No. What I'm saying to you is you're saying to us that you held this group meeting as a resident. You decided to collect checks for the CDD as a resident. I had been shut down as a resident. I have been given the quote. I am not saying that I will go out and get 16 quotes. If you tell me three people I'm allowed to get quotes from, I'm happy to do it. Listen, where this came up from originally was the fact that we were doing this because the previous CDD Boards and SWFWMD came to an agreement. I understand that every Board comes up differently and whatever it is, I truly understand that. So now we're willing to work under this Board's rules and conditions. It's the CDD property. We understand that. All we're asking is we're willing to pay. Let us be a part of this involvement. That's not fair. You are being a part. We're not allowed to be a part. I have been shut down. No offense to Collette because

she's doing her job. She has told me I cannot do it. Applied Aquatics will not speak to me as a resident.
Mr. Mecsics: Cheryl, what I would recommend, because I hate to keep on shutting you off, is that again, everyone of these supervisors, we all have our office hours where you can take a lot more than three minutes and come on in and sit down and talk with us, okay?
Resident (Cheryl Winchesterl, 5453 Hogan Lane): How do I bring it up to get involved in another meeting when you tell me it is shut down? I want to know how. Can you please tell me?
Ms. Burns: Sure. The way it works, any supervisor can request an item to be added to the agenda. Residents cannot add items to the agenda. So residents' opportunity, you should speak to issues would be during the public comment period. So if you have a concern, you have three minutes to address it. If there's not a supervisor who wants to bring that up for a vote, then that's their choice. But your way to get your voice heard is through your three minutes under the public comment.
Resident (Cheryl Winchesterl, 5453 Hogan Lane): Perfect. Thank you. Mr. Mecsics: Thank you.
Ms. Littlewood: That was what I was trying to say. When you said, "This is it, this is an end to it" and I was saying, "It won't be an end to it because residents will come to me and ask me to put the on the agenda" and now you're saying, "No, we can't do that." Mr. Mecsics: No. I didn't say that. What I said for that one point in time that this situation, what we vote on is finished. Later on down the line, you bring those up, then
we'll discuss that at that time.
Ms. Burns: I had a similar situation in another District. There was a supervisor who wanted something brought up. He brought up a motion to approve something every single month. There was never a second, it died. If any supervisor wants to bring something up and make a motion, if there's a second for discussion, then that's it. If there's not a second, it dies. That's the regular process through our rules of order and how we govern the meeting. So any supervisor can bring something up for a vote and goes through the process.
Mr. Mecsics: All right. Thank you for the public comments.

Ms. Burns: Just to double-check and make sure we don't have anybody on Zoom. Do we have any public comments on the Zoom line? I think we've got one up there. Is it Rob Oliver?
Ms. Burns: Rob Oliver, you are unmuted on our end. You just need to unmute yourself on your end. Rob, can you hear us? You may have an issue with your sound. Try it one more time. If not, send me an email and I'll make sure the comment gets to the Board. If you're able to send an email to me or to Mary and we will forward your comment to the Board to make sure that they get it.

TWELTH ORDER OF BUSINESS	Adjournment
Mr. Mecsics: Stan, we addressed your questions about the golf course. On your portion, we've hit those. Anything else from the Board members? In that case, I'm going to ask one of you all to ask for an adjournment.

On MOTION by Mr. Hill, seconded by Ms. McKie, with all in favor, the meeting was adjourned.

Secretary / Assistant Secretary	Chairman / Vice Chairman

SECTION VII

SECTION A

SECTION 1

September 28 2021

JIM MECSICS	CODI BOARD CHAIRMAN

EFFECTIVE IM M EDIATELY,I AM SUBMITTING MY RESIGNATION FROM THE CDDII BOARD.

DUFF HILL

.	. .
S ECTION 2

1

Lake Ashton COD II Board of Supervisors c/o Ms. Jill Burns, District Manager

October 1, 2021

Dear Ms. Burns,

Dr. Mary C. Clark
1020 Sawgrass Drive Winter Haven, FL 33884

I read with interest the email notification from the COD II Board regarding the resignation of Supervisor Hill and the resulting vacant seat. Please accept this letter and the accompanying resume as notification of my interest in the position.

As a resident of Lake Ashton, I am acutely interested in the success of the COD II Board as their success allows residents to live in a community which is considered one of the premier over 55 communities in Central Florida. I believe my experiences with compliance, strategic planning, and assessment make me an ideal candidate to provide responsible and effective leadership that protects the safety and preserves the quality of life for the residents of Lake Ashton. Additionally, I am employed at Polk State College and as such, represent a growing number of residents at Lake Ashton who are not retired and can provide a voice for those who live and work in our community.

Thank you for this opportunity and I look forward to discussing my qualifications with the Lake Ashton COD II Board.

Warm Regards,

Mary C. Clark, EdD

Curriculum Vitae

Mary C. Clark, Ed.D.
1020 Sawgrass Drive Winter Haven, Fl 33884

Professional Profile
A dynamic, highly qualified educator who: is a situational leader who inspires others to reach their potential through hard work, dedication, and a passion for what they do and works collaboratively to accomplish goals; possesses extensive experience in developing programs through proven competencies in curriculum development, program management and assessment, and faculty/staff development; has proven competencies in assessment, program review, and strategic planning; has demonstrated competencies and experience with accreditation and compliance standards; and has demonstrated competencies and experience in teaching in a student-centered environment.

Education
Ed.D. Educational Leadership, Higher Education, Rowan University, Glassboro, NJ, 2017 Dissertation: A Case Study of Community College Faculty Attitudes toward Students with Disabilities AEL Honor Society, graduated summa cum laud
M.A., Supervision and Curriculum Development, Rowan University, Glassboro, NJ, 2004 Thesis: An Articulation of Science Education in a K-12 School District AEL Honor Society, graduated summa cum laud B.A., Biology, Rosemont College, Rosemont, PA, 1993

Certifications
State of North Carolina: Principal (K-12) , Biology (9-12), Elementary Education (K-6), Curriculum Specialist State of New Jersey: Elementary Education (K-8), Biological Sciences (7-12), Supervisor, Principal, School Administrator Certificateof Completion: Best Practices in E-Learning - Moodie Rooms June 2012

Highlights of Professional Experience
Vice President, Institutional Effectiveness, Accreditation, and Research Polk State College, Winter Haven, FL March 2019 to present
Reporting to the President, the Vice President for Institutional Effectiveness, Accreditation and Research, provides leadership and guidance in the areas of institutional research, effectiveness, accountability, accreditation, information management, data reporting, and assessment that includes, but is not limited to district, program, and unit-level IE measures. Through collaboration and communication with key campus constituents, this Vice President is responsible for research projects, campus assessment initiatives, analysis and reporting of institutional assessment data, generation of internal and external reports, and monitoring campus accountability and assessment measures including state-determined performance metrics. The VPIE also leads the development of the College's strategic plan/annual strategic plan updates, annualassessment plans, reviews of annual assessment/performance indicators, recommendations of budget priorities based on assessment/performanceresults, preparation for SACSCOC reaffirmation reviews, and in the evaluation of campus planning and assessment processes. The VPIE oversees the College's Quality Enhancement Plan, including the QEP co-chairs, budget, planning, and assessment.
This position's direct reports assist campus leadership in the identification of issues, analysis of trends, and the understanding of outcomes (i.e., turning data into information for the College community), as well as contributing to the strategic planning, evaluation, and development of institutional policy. Inherent in these responsibilities is the expectation of working collaboratively with key campus administrators to ensure access to accurate data for the timely submission of all required federal and state reports, including, but not limited to Title IX and IPEDS. The Vice President serves as chair of the College's primary assessment committees and for the Institutional Effectiveness Council and the Planning and Budget Council.

Executive Director, Research & Institutional Effectiveness Carteret Community College, Morehead City, NC November 2015 to February 2019
The Executive Director of Research & Institutional Effectiveness provides leadership, management, and coordination of strategic planning, institutional research, assessment including program review, and institutional effectiveness. The Executive Director provides responses to federal and state agencies as well as programmatic and institutional accrediting agencies including the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC). The Executive Director provides support to the grants department and the College’s Quality Enhancement Plan as well as oversees all distance education and instructional support activities and programs.
Accomplishments include:
Successfully coordinated the college’s efforts to offer Human Services Technology certificate program at the Department of Health and Human Services office in Beaufort, NC
Successful led the development of institution’s 2017-2022 Strategic Plan, creating a grass-roots effort that involved all areas of the college and aligned budgeting, planning, and assessment with the college’s mission and North Carolina Performance Measures
Facilitated efforts with Carteret County Public Schools personnel and East Carteret High School administration to offer Career and College Promise programs at East Carteret High School as part of the students’ school day
Facilitated efforts with Carteret County Public Schools personnel and West Carteret High School administration to offer Career and College Promise programs at West Carteret High School as part of the students’ school day
Provided leadership for aligning academic and strategic planning, assessment, program review, and budget planning

Educational Consultant – Institutional Effectiveness Pamlico Community College, Grantsboro, NC August 2017 to February 2019
The Educational Consultant for Institutional Effectiveness provides consultative services to faculty and staff at Pamlico Community College regarding strategic planning, institutional research, assessment including program review, and institutional effectiveness. Specific functions include:
Working with faculty and staff to review curriculum plans and materials used, making suggestions for improvement, and ensuring all curriculum meets state and federal standards.
Reviewing and analyzing institutional performance data and providing guidance on ways to improve the institution’s performance
Reviewing and analyzing institutional effectiveness practices to ensure compliance with state and accreditation standards.
Facilitate the successful submission of the institution’s Quality Enhancement Plan and Fifth Year Interim Report to SACSCOC.

Executive Director of Institutional Effectiveness/Dean of Institutional Effectiveness and Learning Support Craven Community College, New Bern, NC
July 2012 to October 2015
The Dean of Institutional Effectiveness and Learning Support provides leadership for the institutional effectiveness, grants, library, and academic support services departments. The Executive Director of Institutional Effectiveness provides leadership for institutional effectiveness, strategic planning, assessment, evaluation, accreditation, student learning outcomes, and compliance with all state, federal, and accreditation standards. The Executive Director of Institutional Effectiveness collaborates with campus leadership to link planning, budget, and assessment institutionally and provides information and analysis to enable the College to meet its mission and maintain its accreditation. The Executive Director is responsible for data analysis, compliance with regional and professional accreditation standards, curriculum and administrative program review, learning outcome assessment, compliance with state and federal education standards and compliance with the Americans with Disabilities Act of 1990 (ADA) and the Federal Rehabilitation Act of 1973. The Executive Director serves as the institution’s SACSCOC Accreditation Liaison and ADA Coordinator.
Accomplishments include:
Completion of the Fifth Year Report within an eight-week time frame with minimal recommendations.
QEP development.

Preparation for the decennial review and compliance certification for SACSCOC.
Development and implementation of policy and procedures regarding Faculty Credentials and Learning Outcome Assessment, and Program Termination.
Update Curriculum Program Review process to include a self-study and peer review process that is in alignment with SACSCOC Standard 3.3.1.1 Institutional Effectiveness.
Elevating the profile of the Office of Institutional Effectiveness by building positive relationships throughout the College.
Aligned the institution’s annual strategic planning with budgeting, program assessment, and North Carolina Performance Measures.
Successful completion and awarding of a Title III grant – Connect 2 Success

Coordinator of Professional Development Training, Coastal Carolina Community College, Jacksonville, NC July 2007 to October 2011
The coordinator provides Onslow County schools, corporate, and military partners with a needs assessment, identifying their training needs followed by the development of curriculum to meet those specific needs. In addition to needs analysis, the coordinator conducts trend analysis, curriculum develop, and program review for all clients, and programs in Occupational Extension Department. The coordinator is required to hire, develop, and manage a cache of part-time instructors matching their talents with the needs of the client. The coordinator also performs classroom observations and evaluations of teaching staff, providing training for instructors when necessary.
Specific teaching assignments include Onslow County teachers and administrators, CCCC Teachers Academy, the USMC Master Instructor Skills Development Program, Navy Instructor Program, and Biology 110 lab.
Accomplishments include:
Updated and remarketed over 20 programs to enhance quality and enrollment
Increased enrollment in Leadership Development courses 400%
Developed and implemented Leadership Courses in the following areas:
Management and Supervision
Human Resources
School Administration

Lean Six Sigma – Black Belt	Developed new programs with state and national certifications
SHRM – 74% passing rate
Massage Therapy – 100% passing rate

Chiropractic Assistant – only state approved program	Revamped the ASL program to include advanced and interpreting courses
Increased average enrollment from 6 to 17 students
Developed a positive relationship with the D/deaf community

Teacher of Biological Sciences, Lower Cape May Regional School District, Cape May, NJ June 1993 to June 2008
In addition to teaching, develop programs, write curriculum and implement a variety of biological
science courses that comply with state and federal standards. Other responsibilities include Student disciplinarian (administrative assignment); Girls Tennis – Assistant Coach; Class Advisor – Class of 1996, 2000, 2004; and National Honor Society Advisor. As the Professional Development Chair for the School District, I was responsible for the development of teacher training modules, mentoring new teachers, and developing a needs analysis for district professional development. As the Chair, the school district received an “Exceptional” rating for its professional development plan in 2006, 2007, and 2008.

Accomplishments include:
100% passing rate – AP Biology 2006, 2007, 2008
Aligned 7-12 curriculum into a physics first scheme thus meeting or exceeding state standards and national benchmarks
Developed and implemented several advanced level science courses

“Suggestions for a Training Initiative: Building Training Platforms,” School of Infantry, Camp Geiger, Camp Lejeune, 2010
“Building Social Justice Doctoral Programs to Better Prepare Educational Leaders: Leadership for Civil Rights and Racial and Human Justice,” UCEA Convention, Washington DC, November 2014
“Choosing an Enrollment Management Program that is Right for You,” Craven Community College, March, 2014
“Building Culturally Competent and Globally Literate Educational Leaders: Critical Conversations,” UCEA Convention, Detroit, MI, November 2016
“Lessons Learned: Developing a Faculty-Driven Peer-Reviewed Program Review,” SACSCOC Annual Meeting, Atlanta, GA, December 2016
“Moving Assessment from Compliance to Continuous Improvement,” WEAVE Education webinar, March 2017
“A Critical Conversation: Building Educational Leaders for Social Justice and Student Advocacy,” UCEA Convention, Denver, CO, November 2017
“Revolutionizing Educational Leadership Preparation Programs to Develop Socially Just and Equitable-Oriented School Leaders,” UCEA Convention, Houston, TX, November 2018.
“Building Social Justice and Equity-Minded Leaders in Doctoral Educational Leadership Programs,” UCEA Convention, Houston, TX, November 2018
“Building Doctoral Programs to Prepare Culturally Competent Educational Leaders,” UCEA Convention, Houston, TX, November 2018

Publications
Clark, Mary C. Donaldson, "An articulation of science curricula in grades seven through twelve" (2004). Theses and Dissertations. 1127. https://rdw.rowan.edu/etd/1127 
Clark, Mary C., "A case study of community college faculty attitudes toward students with disabilities" (2017). Theses and Dissertations. 2488. https://rdw.rowan.edu/etd/2488 

Teaching Accomplishments
District Committee Member of NJSSI Region 8
NJSSI Region 8 Test Coordinator – Pilot for State Science Exam
Judge – Middle Township School District Science Fair, 2002 to 2008
National Honor Society “Most Influential Teacher Award” 2004 and 2007
Lower Cape May Regional High School Spotlight Teacher of the Month, January 2000 and March 2004
Who’s Who Among America’s Teachers -1998, 2000, 2002, 2004, and 2005
Participant – Montclair State University’s Great Ideas in Science
Lead Teacher for Princeton University’s PMI Summer Science Program
Participant (one of 20 teachers chosen across the country) -University of Washington’s High School Human Genome Program
Consultant – NASA Goddard Space Center Science Education Program

Key Computer Skills
Microsoft Office – Word, Power Point, Excel, Publisher, Access
Blackboard Fundamentals
Moodle Fundamentals
Canvas Fundamentals
Colleague/Datatel
Class Climate
Strategic Planning Online (SPOL)
WEAVE Education
SurveyGizmo
Aviso Predictive Analytics
Community Service
Kiwanis Club of the Crystal Coast
As a charter member and the President of the club, I led a group of dedicated community members in improving the lives of children in our community through activism, community service, and hard work. Key Accomplishments/Activities:
Provide funding and leadership opportunities for West Carteret and Croatan High School Key Clubs
Carteret County Partnership for Children Book Drive
Carteret Community College Scholarship Drive
Pace Center for Girls - Polk Pace
As a member of the Polk Pace Board of Directors, I am happy to support their work. Pace Center for Girls provides girls and young women an opportunity for a better future through education, counseling, training, and advocacy.

2

NAME. WESLEY G SCHEIBEL JR

ADDRESS. 5449 HOGAN LANE WINTER HAVEN FL 33884

OCCUPATION/EDUCATION
Consultant
CPA	Florida, Georgia, Wisconsin University of Wisconsin Madison BBA 1969 RELEVANT EXPERIENCE
CONDOMINIUM ASSOCIATION BOARD
Member 2008-2012
Board President (3 years) Oceania Condominium Owners Association. Jacksonville Beach Fl
LED TURN AROUND FROM LEAST DESIRABLE BEACH CONDO TO MOST DESIRABLE
Solved critical strategic transition issues and legal matters (26 legal suits)Associated with DEVELOPER of condo
Recruited strong board members
- Created/Implemented board member replacement plan

ARTHUR ANDERSEN 1969-2002. Senior Partner Partner (VP TAX WEPCO 1978-1980) DELOITTE TOUCHE.	2002-2010. Senior
Partner GLOBAL STRATEGIC CLIENTS
39+ years in
Tax, Financial, Accounting, Appraisal, Software Applications, Consulting including
Multinationals and Global leaders in various industries

In US and non-US ENTITIES
Mid Size and Selected closely Held entities

Experience includes.
Managing Partner Appraisal Practice SE US Senior Partner leading Global Client Service Teams
Engagements included Mergers, Acquisitions, Divestitures, Bankruptcies, Customer and Billing System Implementation Including Change Management
( Project Fee sizes ranged from $500k to $25M) (Financing/Offering varied up to $40B)
Significant Experience at Deloitte &
Andersen in working with multi-professional teams
Eg. Attorneys, Bankers, Senior Executives, RE Firms, Accountants etc

MILITARY EXPERIENCE US ARMY
WISCONSIN NATIONAL GUARD 1970-1976
Rank 1st Lieutenant

Charitable/Civic extensive experience
University Wisconsin School of Business Deans Advisory Board Metro Atlanta Salvation Army Advisory Board 12 years
Metro Atlanta Salvation Army
Boys and Girls clubs (5 clubs)  Advisory	Board (29 years). Board. President 18 years

100 Black Men of Atlanta Liaison with Business Community

Atlanta Crime Commission Board Member

3

Rosemary Crognale
5272 Green Drive
Winter Haven, Florida 33884

PROFESIONAL SUMMARY
Skilled Program Manager versed in budget administration, project management and team leadership. Decisive, persistent and responsive to changing business needed. Ready to take expertise and twenty years of experience to Lake Ashton CDD. Eager to establish cohesiveness among the residents and leadership to bring the dream of “Paradise” back to the community in its entirety.
ACCOMPLISHMENTS
Maintained a 3.85 GPA which enable induction into the Rutgers Athenaeum Honor Society.
Received Presidential Honors for Communication from Gloucester County Community College.
Obtained and maintained a Federal Security Clearance.
SKILLS 

Team leadership and Direction
Policy and procedure improvements
Program Leadership
Documentation Proﬁciency
Budget Coordination
Purchasing and materiel acquisition
Disaster Recovery/Business Continuity

Strategic Planning
Federal Acquisition & Contracting
Professional Writing
Life Cycle Management
Cross Functional Team Builder
Lean Six Sigma

WORK HISTORY
Program Manager of the Executive Agency Division Defense Logistics Agency
05/2008 to 12/2012
Met and coordinated eﬀorts with highest levels of Military and civilians at the Pentagon and at the Secretary of Defense Oﬃce in Washington D.C. Brought the requirements back to Defense Logistics Agency (DLA) entities for execution.
Managed several employees with projects for logistical support to assist in military readiness.

Oversaw process developments and improvement of existing processes.
Deployed to Iraq, Japan and Korea to evaluate and expedite logistic readiness through collaboration with U. S. Military Oﬃcers and Foreign Military and their oﬃcials.
Wrote Federal Regulations to support Military Clothing and Textiles from research and Development to pipeline fulﬁllment to ﬁnal execution o support up to the last Tactical mile.
Assisted DLA Philadelphia and DLA Headquarters in exercises to ascertain their ability to respond and support readiness in a critical situation/environment.
Senior Customer Support Representative 04/2006 to 05/2008
Provided guidance to serval members of the Customer Support Team. Provided logistical support to customers to expedite critical item delivery.
Contracting Oﬃcer 08/1992 to 04/2006
Obligated Government funding by reviewing and signing contracts up to the
$250,000.00 threshold. Forwarded all contracts exceeding that threshold to DLA Legal Department.
Trained and provided professional reviews to a team of Procurement Specialists.
Procurement Specialist
Created and reviewed contracts to secure vendor support. Trained Procurement Specialist Trainees.
EDUCATION 
Central Michigan University - Master of Science: Administration  01/1996
Rutgers University - Bachelor of Science: Accounting 08/1992

S ECTION 8

S ECTION 1

,,.

RESOLUTION 2022-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT AMENDING RESOLUTION 2021-08 TO PROVIDE FOR THE ADOPTION OF A REVISED SUPPLEMENTAL ASSESSMENT METHODOLOGY AND REVISED SERIES 2021 BOND TERMS; RATIFYING AND REAFFIRMING RESOLUTION 2021-08 EXCEPT AS MODIFIED BY RESOLUTIONS 2022-01; ADDRESSING CONFLICTS; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE

WHEREAS, the Lake Ashton II Community Development District (“District”) has previously indicated its intention to undertake, install, establish, construct and/or acquire certain public infrastructure improvements and to finance such public infrastructure improvements through the imposition of special assessments on benefitted property within the District and the issuance of bonds; and

WHEREAS, the District, on August 11, 2005, in accordance with Chapters 170, 190 and 197, Florida Statutes, without limitation, adopted Resolution 2005-28 (the “Series 2005 Assessment Resolution”); and

WHEREAS, the Series 2005 Assessment Resolution was adopted in connection with the District issuance of its $7,705,000 Capital Improvement Revenue Bonds, Series 2005A (the “Series 2005A Bonds”) and its $14,820,000 Capital Improvement Revenue Bonds, Series 2005B (the “Series 2005B Bonds,” and with the Series 2005A Bonds, the “Series 2005 Bonds”); and

WHEREAS, in order to achieve both aggregate and annual debt service savings, the District refinanceD the outstanding Series 2005A Bonds via the issuance of its $3,535,000 Lake Ashton II Community Development District Capital Improvement Revenue Refunding Bond, Series 2021 (“Series 2021 Bond”); and

WHEREAS, pursuant to and consistent with the Series 2005 Assessment Resolution, on August 20, 2021, the District’s Board of Supervisors (“Board”) adopted Resolution 2021-08 (together with the Series 2005 Assessment Resolution, the “Assessment Resolutions”) setting forth the anticipated terms of Series 2021 Bond to be issued by the District and confirmed the lien of the Series 2021 Assessments (as defined in Resolution 2021-08); and

WHEREAS, subsequently the closing of the Series 2021 Bonds was delayed from August 24, 2021 to September 15, 2021, necessitating certain changes in the terms of the Series 2021 Bonds actually issued by the District; and

WHEREAS, pursuant to and consistent with the Series 2005 Assessment Resolution, this Resolution shall amend Resolution 2021-08 in order to set forth the terms of Series 2021 Bond actually issued by the District and revise the lien of the Series 2021 Assessments.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT AS FOLLOWS:

SECTION 1. RECITALS. The recitals set forth above are true and correct and are incorporated herein and made a part of this resolution as if set forth herein verbatim.

SECTION 2. AMENDMENT OF RESOLUTION 2021-08. Resolution 2021-08 is
hereby amended as follows:

The Supplemental Assessment Methodology attached as Exhibit A to Resolution 2021- 08 shall be replaced in full with the Assessment Allocation Report dated September 13, 2021, attached hereto as Exhibit A. For avoidance of doubt, every reference to the Supplemental Assessment Methodology in Resolution 2021-08 shall refer to the the Assessment Allocation Report dated September 13, 2021, attached hereto as Exhibit A.

Section 3 of Resolution 2021-08 shall be amended to provide the Series 2021 Bonds will be issued in a par amount of $3,535,000

Exhibit B to Resolution 2021-08 shall be replaced in full with Exhibit B attached hereto.

Exhibit C to Resolution 2021-08 shall be replaced in full with Exhibit C attached hereto.

Exhibit D to Resolution 2021-08 shall be replaced in full with Exhibit D attached hereto.

The date of the Third Supplemental Trust Indenture referenced in Section 4(c) of Resolution 2021-08 shall be changed to September 1, 2021.

SECTION 3. OTHER PROVISIONS REMAIN IN EFFECT; CONFLICTS. Except
as modified by this resolution, Resolution 2021-08 shall remain in full force and effect and is hereby ratified and reaffirmed. All references to “this Resolution” in Resolution 2021-08 shall be interpreted to mean Resolution 2021-08, as amended by Resolution 2022-01. This Resolution and the Assessment Resolutions shall be construed to the maximum extent possible to give full force and effect to the provisions of each resolution. All District resolutions or parts thereof in actual conflict with this Resolution are, to the extent of such conflict, superseded and repealed.

SECTION 4. SEVERABILITY. If any section or part of a section of this Resolution be declared invalid or unconstitutional, the validity, force and effect of any other section or part of a section of this resolution shall not thereby be affected or impaired unless it clearly appears that such other section or part of a section of this resolution is wholly or necessarily dependent upon the section or part of a section so held to be invalid or unconstitutional.

SECTION 5. EFFECTIVE DATE. This Resolution shall become effective upon its adoption.
PASSED in Public Session of the Board of Supervisors of the Lake Ashton II Community Development District, this 15th day of October, 2021.
ATTEST:	LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairman, Board of Supervisors

Exhibit A:	Supplemental Assessment Methodology
Exhibit B:	Maturities and Coupon of Series 2021 Bond Exhibit C:	Sources and Uses of Funds for Series 2021 Bond Exhibit D:	Annual Debt Service on Series 2021 Bond

Exhibit A

Supplemental Assessment Methodology

ASSESSMENT ALLOCATION REPORT FOR THE CAPITAL IMPROVEMENT REVENUE
REFUNDING BOND, SERIES 2021

LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT

September 13, 2021

Prepared by

Governmental Management Services-South Florida, LLC 5385 N. Nob Hill Road
Sunrise, FL 33351

Introduction

The Lake Ashton II Community Development District (the “District”) is a local unit of special-purpose government organized and existing under Chapter 190, Florida Statutes as amended.

On May 3, 2005, the District issued the Capital Improvement Revenue Bonds, Series 2005A in the amount of $7,705,000 (the “Series 2005A Bonds”). The District allocated the debt assessments associated with the Series 2005A Bonds to the benefitted properties as described in the Special Assessment Methodology Report dated August 11, 2005, prepared by Seven Trent Services, Inc. (the “Original Methodology”). The District will issue a new series of bonds to refund the Series 2005A Bonds.

Purpose

This report (the “Report”) supplements the Original Methodology taking into consideration the reduction in assessment principal and interest and annual assessments per unit as a result of refinancing the Series 2005A Bonds through the issuance by the District of its Capital Improvement Revenue Refunding Bond, Series 2021 (the “Series 2021 Bond”) at a reduced interest rate and a reduced debt service reserve requirement. Debt Assessments associated with the Series 2021 Bond will be allocated to each of the assessable units which benefit from the improvements financed with a portion of the proceeds of the Series 2005A Bonds (“2005A Project”) in accordance with the Original Methodology.

The District has previously imposed non-ad valorem special assessments on the benefitted lands within the District in order to secure repayment of the Series 2005A Bonds (the "2005 Assessments"). Currently, all 2005 Assessments are collected pursuant to the Uniform Method of Collection described in Chapter 197, Florida Statutes (the "Uniform Method"). Upon completion of the refinancing, the non-ad valorem special assessments securing repayment of the Series 2021 Bond (the "Series 2021 Assessments") will continue to be collected through the Uniform Method or any other legal means available to the District. It is not the intent of this Report to address any other assessments, if applicable, that may be levied by the District, a property owner’s association, or any other unit of government.

Requirements of a Valid Assessment Methodology

There are two requirements under Florida Law for a valid special assessment:

1.) The	properties	must	receive	a	special	benefit	from	the improvements being paid for, and

2.) The assessments must be fairly and reasonably allocated to the properties being assessed.

This Report does not change the allocation of benefits received from the improvements that were financed with the Series 2005A Bonds  nor does this Report modify the process of allocating the debt represented by the Series 2021 Bond to the properties within the District receiving such benefit from what was previous adopted in the Original Methodology.

Assessment Methodology

Overview

The District will issue the Series 2021 Bonds in the principal amount of
$3,535,000 to refund the Series 2005A Bonds and pay the costs of issuance related to the refunding.   It is the purpose of this Report to allocate the
$3,535,000 in Series 2021 Assessments to the properties benefitting from the improvements based on the Original Methodology.

There are 409 residential units within a portion of the District that benefitted from the 2005A Project as shown in Table 1 (the “2005A Assessment Area”). Of these 409 residential units, 101 residential units have prepaid their 2005 Assessment, and will not be subject to the Series 2021 Assessments. The remaining 308 Units will comprise the 2021 Assessment Area. Table 2 displays the sizing for the Series 2021 Bond. The Series 2021 Bond has a coupon rate of 2.350% and a final maturity date of May 1, 2036. The debt is allocated to each of the 308 assessable residential units based on the Original Methodology. The current per unit par and annual assessment amounts, and the par and annual assessment amounts based on the refunding for the 308 assessable residential units are shown in Table 3.

Assessment Roll

The District will allocate the Series 2021 Assessments to the 308 assessable residential units on a per unit basis in the amounts shown in Table 3. The Series 2021 Bond assessment roll is depicted in Table 4.

Additional Information

Governmental Management Services-South Florida, LLC (GMS) does not represent the District as a Municipal Advisor or Security Broker, nor is GMS registered to provide such services as described in Section 15B of the Security and Exchange Act of 1934, as amended. Similarly, GMS does not provide the District with financial advisory services or offer investment advice.

Certain information in this report was provided by members of the District staff, the Landowner or other professionals hired in conjunction with the bond issuance, GMS makes no representation regarding the information provided by others.

Table 1	
Lake Ashton II	
Community Development District - 2021 Assessment Area	
Development	

Description	Units	Assessable Units*	
Single-Family	409	308	

As of August 24, 2021 a total of 101 of the 409 residential units will have prepaid their 2005 Assessments in full and will not be subject to the Series 2021 Assessment.

Table 2	
Lake Ashton II	
Community Development District - 2021 Assessment Area	
Bond Sizing	

Sources:

Bond Proceeds:	
Par Amount	$3,535,000.00	

Other Sources of Funds:	
Liquidation of 2005A Revenue Account	
Liquidation of 2005A Prepayment Account	
Liquidation of 2005A Deferred Cost Account	
Liquidation of 2005A Debt Service Reserve Fund	

$102,219.64	
$92,557.40	
$34,592.14	
$263,202.71	
$492,571.89	

 	$4,027,571.89

Uses:

Refunding Escrow Deposits:	
Cash Deposit	$3,831,578.06	

Other Fund Deposits:	
Interest to 11/1/2021	

$9,449.59

Delivery Date Expenses:	
Cost of Issuance	

$186,544.24

 	$4,027,571.89

Bond Assumptions:	
Interest Rate-Average	2.350%	
Maximum Annual Assessment	$281,982.54	
Amortization (years), final payment 5/1/2036	15	

Information provided by MBS Capital Markets, LLC

Table 3	
Lake Ashton II	
Community Development District - 2021 Assessment Area	
Assessment Allocation	

2005A Assessment Allocation as of 8/4/2021

Description	
Assessable Units	

Total Par	
Par per Unit	
Annual Assessment	Annual  Debt Service per Unit	Annual  Debt Service
per Unit (tax bill)*	
Residential	314	$3,740,000	$11,910.83	$368,950.00	$1,175.00	$1,263.44	
Totals	314	$3,740,000		$368,950.00			

Series 2021 Assessment Allocation Post-Refinancing

Description	

Assessable Units**	

Total Par	

Par per Unit	

Annual Assessment	
Annual Debt Service
per Unit	
Annual  Debt Service
per Unit (tax bill)*	
Residential	308	$3,535,000	$11,477.28	$281,982.54	$915.53	$984.44	
Totals	308	$3,535,000		$281,982.54			

*This amount has been grossed up to cover early payment discounts and Polk County collection fees, currently 7%.

** As of August 24, 2021 a total of 101 of the 409 residential units will have prepaid their 2005 Assessments in full and will not be subject to the Series 2021 Assessment.

Table 4	
Lake Ashton II	
Community Development District - 2021 Assessment Area	
Assessment Roll	

Folio	

Legal Description	

2021 Par Debt	Series 2021 Annual Debt Service	Annual  Debt Service (tax bill)*	
262924690596000010	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 1	$11,477.28	$915.53	$984.44	
262924690596000020	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 2	$11,477.28	$915.53	$984.44	
262924690596000030	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 3	$11,477.28	$915.53	$984.44	
262924690596000040	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 4	pp	pp	$0.00	
262924690596000050	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 5	$11,477.28	$915.53	$984.44	
262924690596000060	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 6	pp	pp	$0.00	
262924690596000070	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 7	$11,477.28	$915.53	$984.44	
262924690596000080	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 8	$11,477.28	$915.53	$984.44	
262924690596000090	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 9	$11,477.28	$915.53	$984.44	
262924690596000100	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 10	$11,477.28	$915.53	$984.44	
262924690596000110	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 11	$11,477.28	$915.53	$984.44	
262924690596000120	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 12	pp	pp	$0.00	
262924690596000130	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 13	pp	pp	$0.00	
262924690596000140	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 14	pp	pp	$0.00	
262924690596000150	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 15	$11,477.28	$915.53	$984.44	
262924690596000160	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 16	$11,477.28	$915.53	$984.44	
262924690596000170	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 17	$11,477.28	$915.53	$984.44	
262924690596000180	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 18	$11,477.28	$915.53	$984.44	
262924690596000190	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 19	pp	pp	$0.00	
262924690596000200	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 20	$11,477.28	$915.53	$984.44	
262924690596000210	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 21	$11,477.28	$915.53	$984.44	
262924690596000220	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 22	pp	pp	$0.00	
262924690596000230	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 23	$11,477.28	$915.53	$984.44	
262924690596000240	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 24	$11,477.28	$915.53	$984.44	
262924690596000250	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 25	$11,477.28	$915.53	$984.44	
262924690596000260	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 26	$11,477.28	$915.53	$984.44	
262924690596000270	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 27	$11,477.28	$915.53	$984.44	
262924690596000280	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 28	pp	pp	$0.00	
262924690596000290	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 29	$11,477.28	$915.53	$984.44	
262924690596000300	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 30	$11,477.28	$915.53	$984.44	
262924690596000310	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 31	$11,477.28	$915.53	$984.44	
262924690596000320	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 32	$11,477.28	$915.53	$984.44	
262924690596000330	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 33	$11,477.28	$915.53	$984.44	
262924690596000340	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 34	$11,477.28	$915.53	$984.44	
262924690596000350	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 35	$11,477.28	$915.53	$984.44	
262924690596000360	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 36	pp	pp	$0.00	
262924690596000370	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 37	$11,477.28	$915.53	$984.44	
262924690596000380	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 38	pp	pp	$0.00	
262924690596000390	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 39	$11,477.28	$915.53	$984.44	
262924690596000400	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 40	$11,477.28	$915.53	$984.44	
262924690596000410	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 41	$11,477.28	$915.53	$984.44	
262924690596000420	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 42	$11,477.28	$915.53	$984.44	
262924690596000430	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 43	pp	pp	$0.00	
262924690596000440	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 44	$11,477.28	$915.53	$984.44	
262924690596000450	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 45	$11,477.28	$915.53	$984.44	
262924690596000460	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 46	$11,477.28	$915.53	$984.44	
262924690596000470	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 47	pp	pp	$0.00	
262924690596000480	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 48	pp	pp	$0.00	
262924690596000490	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 49	pp	pp	$0.00	
262924690596000500	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 50	$11,477.28	$915.53	$984.44	
262924690596000510	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 51	$11,477.28	$915.53	$984.44	
262924690596000520	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 52	$11,477.28	$915.53	$984.44	
262924690596000530	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 53	pp	pp	$0.00	
262924690596000540	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 54	$11,477.28	$915.53	$984.44	
262924690596000550	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 55	$11,477.28	$915.53	$984.44	
262924690596000560	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 56	pp	pp	$0.00	
262924690596000570	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 57	$11,477.28	$915.53	$984.44	
262924690596000580	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 58	$11,477.28	$915.53	$984.44	
262924690596000590	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 59	$11,477.28	$915.53	$984.44	
262924690596000600	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 60	$11,477.28	$915.53	$984.44	
262924690596000610	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 61	$11,477.28	$915.53	$984.44	
262924690596000620	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 62	pp	pp	$0.00	
262924690596000630	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 63	$11,477.28	$915.53	$984.44	
262924690596000640	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 64	$11,477.28	$915.53	$984.44	
262924690596000650	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 65	pp	pp	$0.00	
262924690596000660	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 66	pp	pp	$0.00	
262924690596000670	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 67	pp	pp	$0.00	
262924690596000680	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 68	$11,477.28	$915.53	$984.44	
262924690596000690	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 69	pp	pp	$0.00	
262924690596000700	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 70	$11,477.28	$915.53	$984.44	
262924690596000710	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 71	$11,477.28	$915.53	$984.44	
262924690596000720	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 72	$11,477.28	$915.53	$984.44	
262924690596000730	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 73	$11,477.28	$915.53	$984.44	
262924690596000740	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 74	pp	pp	$0.00	
262924690596000750	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 75	pp	pp	$0.00	
262924690596000760	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 76	pp	pp	$0.00	
262924690596000770	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 77	$11,477.28	$915.53	$984.44	
262924690596000780	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 78	pp	pp	$0.00	
262924690596000790	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 79	$11,477.28	$915.53	$984.44	
262924690596000800	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 80	$11,477.28	$915.53	$984.44	
262924690596000810	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 81	$11,477.28	$915.53	$984.44	
262924690596000820	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 82	$11,477.28	$915.53	$984.44	
262924690596000830	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 83	pp	pp	$0.00	

Folio	

Legal Description	

2021 Par Debt	Series 2021 Annual Debt Service	Annual  Debt Service (tax bill)*	
262924690596000840	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 84	$11,477.28	$915.53	$984.44	
262924690596000850	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 85	pp	pp	$0.00	
262924690596000860	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 86	pp	pp	$0.00	
262924690596000870	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 87	pp	pp	$0.00	
262924690596000880	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 88	$11,477.28	$915.53	$984.44	
262924690596000890	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 89	pp	pp	$0.00	
262924690596000900	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 90	$11,477.28	$915.53	$984.44	
262924690596000910	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 91	$11,477.28	$915.53	$984.44	
262924690596000920	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 92	$11,477.28	$915.53	$984.44	
262924690596000930	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 93	pp	pp	$0.00	
262924690596000940	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 94	$11,477.28	$915.53	$984.44	
262924690596000950	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 95	$11,477.28	$915.53	$984.44	
262924690596000960	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 96	$11,477.28	$915.53	$984.44	
262924690596000970	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 97	pp	pp	$0.00	
262924690596000980	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 98	$11,477.28	$915.53	$984.44	
262924690596000990	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 99	$11,477.28	$915.53	$984.44	
262924690596001000	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 100	$11,477.28	$915.53	$984.44	
262924690596001010	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 101	$11,477.28	$915.53	$984.44	
262924690596001020	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 102	pp	pp	$0.00	
262924690596001030	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 103	$11,477.28	$915.53	$984.44	
262924690596001040	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 104	$11,477.28	$915.53	$984.44	
262924690596001050	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 105	$11,477.28	$915.53	$984.44	
262924690596001060	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 106	$11,477.28	$915.53	$984.44	
262924690596001070	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 107	$11,477.28	$915.53	$984.44	
262924690596001080	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 108	pp	pp	$0.00	
262924690596001090	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 109	$11,477.28	$915.53	$984.44	
262924690596001100	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 110	$11,477.28	$915.53	$984.44	
262924690596001110	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 111	$11,477.28	$915.53	$984.44	
262924690596001120	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 112	$11,477.28	$915.53	$984.44	
262924690596001130	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 113	pp	pp	$0.00	
262924690596001140	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 114	$11,477.28	$915.53	$984.44	
262924690596001150	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 115	$11,477.28	$915.53	$984.44	
262924690596001160	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 116	pp	pp	$0.00	
262924690596001170	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 117	$11,477.28	$915.53	$984.44	
262924690596001180	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 118	$11,477.28	$915.53	$984.44	
262924690596001190	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 119	$11,477.28	$915.53	$984.44	
262924690596001200	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 120	pp	pp	$0.00	
262924690596001210	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 121	$11,477.28	$915.53	$984.44	
262924690596001220	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 122	pp	pp	$0.00	
262924690596001230	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 123	$11,477.28	$915.53	$984.44	
262924690596001240	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 124	$11,477.28	$915.53	$984.44	
262924690596001250	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 125	$11,477.28	$915.53	$984.44	
262924690596001260	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 126	pp	pp	$0.00	
262924690596001270	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 127	$11,477.28	$915.53	$984.44	
262924690596001280	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 128	pp	pp	$0.00	
262924690596001290	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 129	$11,477.28	$915.53	$984.44	
262924690596001300	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 130	$11,477.28	$915.53	$984.44	
262924690596001310	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 131	$11,477.28	$915.53	$984.44	
262924690596001320	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 132	$11,477.28	$915.53	$984.44	
262924690596001330	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 133	$11,477.28	$915.53	$984.44	
262924690596001340	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 134	$11,477.28	$915.53	$984.44	
262924690596001350	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 135	$11,477.28	$915.53	$984.44	
262924690596001360	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 136	$11,477.28	$915.53	$984.44	
262924690596001370	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 137	$11,477.28	$915.53	$984.44	
262924690596001380	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 138	$11,477.28	$915.53	$984.44	
262924690596001390	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 139	$11,477.28	$915.53	$984.44	
262924690596001400	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 140	$11,477.28	$915.53	$984.44	
262924690596001410	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 141	$11,477.28	$915.53	$984.44	
262924690596001420	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 142	$11,477.28	$915.53	$984.44	
262924690596001430	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 143	pp	pp	$0.00	
262924690596001440	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 144	$11,477.28	$915.53	$984.44	
262924690596001450	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 145	pp	pp	$0.00	
262924690596001460	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 146	pp	pp	$0.00	
262924690596001470	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 147	$11,477.28	$915.53	$984.44	
262924690596001480	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 148	$11,477.28	$915.53	$984.44	
262924690596001490	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 149	$11,477.28	$915.53	$984.44	
262924690596001500	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 150	pp	pp	$0.00	
262924690596001510	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 151	$11,477.28	$915.53	$984.44	
262924690596001520	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 152	$11,477.28	$915.53	$984.44	
262924690596001530	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 153	$11,477.28	$915.53	$984.44	
262924690596001540	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 154	$11,477.28	$915.53	$984.44	
262924690596001550	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 155	$11,477.28	$915.53	$984.44	
262924690596001560	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 156	$11,477.28	$915.53	$984.44	
262924690596001570	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 157	pp	pp	$0.00	
262924690596001580	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 158	$11,477.28	$915.53	$984.44	
262924690596001590	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 159	$11,477.28	$915.53	$984.44	
262924690596001600	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 160	$11,477.28	$915.53	$984.44	
262924690596001610	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 161	$11,477.28	$915.53	$984.44	
262924690596001620	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 162	$11,477.28	$915.53	$984.44	
262924690596001630	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 163	pp	pp	$0.00	
262924690596001640	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 164	$11,477.28	$915.53	$984.44	
262924690596001650	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 165	$11,477.28	$915.53	$984.44	
262924690596001660	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 166	$11,477.28	$915.53	$984.44	
262924690596001670	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 167	$11,477.28	$915.53	$984.44	
262924690596001680	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 168	$11,477.28	$915.53	$984.44	
262924690596001690	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 169	$11,477.28	$915.53	$984.44	
262924690596001700	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 170	pp	pp	$0.00	
262924690596001710	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 171	pp	pp	$0.00	
262924690596001720	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 172	$11,477.28	$915.53	$984.44	
262924690596001730	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 173	$11,477.28	$915.53	$984.44	
262924690596001740	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 174	$11,477.28	$915.53	$984.44	
262924690596001750	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 175	$11,477.28	$915.53	$984.44	

Folio	

Legal Description	

2021 Par Debt	Series 2021 Annual Debt Service	Annual  Debt Service (tax bill)*	
262924690596001760	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 176	$11,477.28	$915.53	$984.44	
262924690596001770	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 177	$11,477.28	$915.53	$984.44	
262924690596001780	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 178	$11,477.28	$915.53	$984.44	
262924690596001790	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 179	$11,477.28	$915.53	$984.44	
262924690596001800	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 180	pp	pp	$0.00	
262924690596001810	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 181	$11,477.28	$915.53	$984.44	
262924690596001820	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 182	$11,477.28	$915.53	$984.44	
262924690596001830	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 183	$11,477.28	$915.53	$984.44	
262924690596001840	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 184	$11,477.28	$915.53	$984.44	
262924690596001850	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 185	$11,477.28	$915.53	$984.44	
262924690596001860	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 186	pp	pp	$0.00	
262924690596001870	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 187	$11,477.28	$915.53	$984.44	
262924690596001880	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 188	$11,477.28	$915.53	$984.44	
262924690596001890	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 189	$11,477.28	$915.53	$984.44	
262924690596001900	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 190	$11,477.28	$915.53	$984.44	
262924690596001910	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 191	pp	pp	$0.00	
262924690596001920	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 192	pp	pp	$0.00	
262924690596001930	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 193	$11,477.28	$915.53	$984.44	
262924690596001940	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 194	$11,477.28	$915.53	$984.44	
262924690596001950	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 195	$11,477.28	$915.53	$984.44	
262924690596001960	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 196	$11,477.28	$915.53	$984.44	
262924690596001970	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 197	$11,477.28	$915.53	$984.44	
262924690596001980	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 198	$11,477.28	$915.53	$984.44	
262924690596001990	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 199	pp	pp	$0.00	
262924690596002000	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 200	$11,477.28	$915.53	$984.44	
262924690596002010	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 201	$11,477.28	$915.53	$984.44	
262924690596002020	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 202	pp	pp	$0.00	
262924690596002030	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 203	$11,477.28	$915.53	$984.44	
262924690596002040	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 204	$11,477.28	$915.53	$984.44	
262924690596002050	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 205	$11,477.28	$915.53	$984.44	
262924690596002060	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 206	$11,477.28	$915.53	$984.44	
262924690596002070	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 207	pp	pp	$0.00	
262924690596002080	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 208	$11,477.28	$915.53	$984.44	
262924690596002090	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 209	$11,477.28	$915.53	$984.44	
262924690596002100	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 210	$11,477.28	$915.53	$984.44	
262924690596002110	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 211	$11,477.28	$915.53	$984.44	
262924690596002120	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 212	$11,477.28	$915.53	$984.44	
262924690596002130	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 213	$11,477.28	$915.53	$984.44	
262924690596002140	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 214	$11,477.28	$915.53	$984.44	
262924690596002150	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 215	$11,477.28	$915.53	$984.44	
262924690596002160	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 216	$11,477.28	$915.53	$984.44	
262924690596002170	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 217	$11,477.28	$915.53	$984.44	
262924690596002180	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 218	$11,477.28	$915.53	$984.44	
262924690596002190	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 219	$11,477.28	$915.53	$984.44	
262924690596002200	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 220	$11,477.28	$915.53	$984.44	
262924690596002210	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 221	$11,477.28	$915.53	$984.44	
262924690596002220	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 222	$11,477.28	$915.53	$984.44	
262924690596002230	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 223	$11,477.28	$915.53	$984.44	
262924690596002240	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 224	pp	pp	$0.00	
262924690596002250	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 225	$11,477.28	$915.53	$984.44	
262924690596002260	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 226	$11,477.28	$915.53	$984.44	
262924690596002270	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 227	$11,477.28	$915.53	$984.44	
262924690596002280	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 228	$11,477.28	$915.53	$984.44	
262924690596002290	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 229	$11,477.28	$915.53	$984.44	
262924690596002300	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 230	$11,477.28	$915.53	$984.44	
262924690596002310	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 231	pp	pp	$0.00	
262924690596002320	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 232	$11,477.28	$915.53	$984.44	
262924690596002330	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 233	pp	pp	$0.00	
262924690596002340	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 234	$11,477.28	$915.53	$984.44	
262924690596002350	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 235	pp	pp	$0.00	
262924690596002360	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 236	$11,477.28	$915.53	$984.44	
262924690596002370	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 237	$11,477.28	$915.53	$984.44	
262924690596002380	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 238	$11,477.28	$915.53	$984.44	
262924690596002390	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 239	$11,477.28	$915.53	$984.44	
262924690596002400	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 240	pp	pp	$0.00	
262924690596002410	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 241	$11,477.28	$915.53	$984.44	
262924690596002420	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 242	$11,477.28	$915.53	$984.44	
262924690596002430	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 243	$11,477.28	$915.53	$984.44	
262924690596002440	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 244	$11,477.28	$915.53	$984.44	
262924690596002450	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 245	$11,477.28	$915.53	$984.44	
262924690596002460	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 246	$11,477.28	$915.53	$984.44	
262924690596002470	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 247	$11,477.28	$915.53	$984.44	
262924690596002480	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 248	$11,477.28	$915.53	$984.44	
262924690596002490	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 249	$11,477.28	$915.53	$984.44	
262924690596002500	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 250	$11,477.28	$915.53	$984.44	
262924690596002510	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 251	$11,477.28	$915.53	$984.44	
262924690596002520	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 252	$11,477.28	$915.53	$984.44	
262924690596002530	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 253	$11,477.28	$915.53	$984.44	
262924690596002540	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 254	$11,477.28	$915.53	$984.44	
262924690596002550	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 255	$11,477.28	$915.53	$984.44	
262924690596002560	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 256	$11,477.28	$915.53	$984.44	
262924690596002570	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 257	$11,477.28	$915.53	$984.44	
262924690596002580	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 258	$11,477.28	$915.53	$984.44	
262924690596002590	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 259	$11,477.28	$915.53	$984.44	
262924690596002600	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 260	$11,477.28	$915.53	$984.44	
262924690596002610	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 261	$11,477.28	$915.53	$984.44	
262924690596002620	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 262	pp	pp	$0.00	
262924690596002630	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 263	$11,477.28	$915.53	$984.44	
262924690596002640	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 264	$11,477.28	$915.53	$984.44	
262924690596002650	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 265	pp	pp	$0.00	
262924690596002670	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOTS 266 & 267	$22,954.56	$1,831.06	$1,968.88	
262924690596002680	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 268	$11,477.28	$915.53	$984.44	

Folio	

Legal Description	

2021 Par Debt	Series 2021 Annual Debt Service	Annual  Debt Service (tax bill)*	
262924690596002690	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 269	$11,477.28	$915.53	$984.44	
262924690596002700	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 270	pp	pp	$0.00	
262924690596002710	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 271	pp	pp	$0.00	
262924690596002720	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 272	$11,477.28	$915.53	$984.44	
262924690596002730	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 273	$11,477.28	$915.53	$984.44	
262924690596002740	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 274	$11,477.28	$915.53	$984.44	
262924690596002750	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 275	$11,477.28	$915.53	$984.44	
262924690596002760	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 276	pp	pp	$0.00	
262924690596002770	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 277	$11,477.28	$915.53	$984.44	
262924690596002780	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 278	$11,477.28	$915.53	$984.44	
262924690596002790	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 279	$11,477.28	$915.53	$984.44	
262924690596002800	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 280	pp	pp	$0.00	
262924690596002810	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 281	$11,477.28	$915.53	$984.44	
262924690596002820	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 282	$11,477.28	$915.53	$984.44	
262924690596002830	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 283	$11,477.28	$915.53	$984.44	
262924690596002840	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 284	$11,477.28	$915.53	$984.44	
262924690596002850	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 285	$11,477.28	$915.53	$984.44	
262924690596002860	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 286	pp	pp	$0.00	
262924690596002870	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 287	$11,477.28	$915.53	$984.44	
262924690596002880	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 288	pp	pp	$0.00	
262924690596002890	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 289	$11,477.28	$915.53	$984.44	
262924690596002900	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 290	$11,477.28	$915.53	$984.44	
262924690596002910	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 291	$11,477.28	$915.53	$984.44	
262924690596002920	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 292	$11,477.28	$915.53	$984.44	
262924690596002930	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 293	$11,477.28	$915.53	$984.44	
262924690596002940	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 294	pp	pp	$0.00	
262924690596002950	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 295	pp	pp	$0.00	
262924690596002960	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 296	$11,477.28	$915.53	$984.44	
262924690596002970	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 297	pp	pp	$0.00	
262924690596002980	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 298	$11,477.28	$915.53	$984.44	
262924690596002990	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 299	$11,477.28	$915.53	$984.44	
262924690596003000	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 300	$11,477.28	$915.53	$984.44	
262924690596003010	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 301	$11,477.28	$915.53	$984.44	
262924690596003020	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 302	$11,477.28	$915.53	$984.44	
262924690596003030	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 303	$11,477.28	$915.53	$984.44	
262924690596003040	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 304	pp	pp	$0.00	
262924690596003050	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 305	pp	pp	$0.00	
262924690596003060	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 306	pp	pp	$0.00	
262924690596003070	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 307	pp	pp	$0.00	
262924690596003080	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 308	$11,477.28	$915.53	$984.44	
262924690596003090	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 309	$11,477.28	$915.53	$984.44	
262924690596003100	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 310	pp	pp	$0.00	
262924690596003110	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 311	$11,477.28	$915.53	$984.44	
262924690596003120	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 312	$11,477.28	$915.53	$984.44	
262924690596003130	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 313	pp	pp	$0.00	
262924690596003140	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 314	pp	pp	$0.00	
262924690596003150	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 315	$11,477.28	$915.53	$984.44	
262924690596003160	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 316	$11,477.28	$915.53	$984.44	
262924690596003170	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 317	$11,477.28	$915.53	$984.44	
262924690596003180	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 318	$11,477.28	$915.53	$984.44	
262924690596003190	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 319	$11,477.28	$915.53	$984.44	
262924690596003200	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 320	pp	pp	$0.00	
262924690596003210	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 321	pp	pp	$0.00	
262924690596003220	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 322	pp	pp	$0.00	
262924690596003230	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 323	$11,477.28	$915.53	$984.44	
262924690596003240	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 324	$11,477.28	$915.53	$984.44	
262924690596003250	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 325	pp	pp	$0.00	
262924690596003260	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 326	$11,477.28	$915.53	$984.44	
262924690596003270	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 327	$11,477.28	$915.53	$984.44	
262924690596003280	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 328	pp	pp	$0.00	
262924690596003290	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 329	$11,477.28	$915.53	$984.44	
262924690596003300	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 330	$11,477.28	$915.53	$984.44	
262924690596003310	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 331	$11,477.28	$915.53	$984.44	
262924690596003320	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 332	pp	pp	$0.00	
262924690596003310	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 333	pp	pp	$0.00	
262924690596003340	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 334	$11,477.28	$915.53	$984.44	
262924690596003350	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 335	$11,477.28	$915.53	$984.44	
262924690596003360	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 336	pp	pp	$0.00	
262924690596003370	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 337	$11,477.28	$915.53	$984.44	
262924690596003380	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 338	$11,477.28	$915.53	$984.44	
262924690596003390	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 339	pp	pp	$0.00	
262924690596003400	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 340	$11,477.28	$915.53	$984.44	
262924690596003410	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 341	$11,477.28	$915.53	$984.44	
262924690596003420	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 342	pp	pp	$0.00	
262924690596003430	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 343	$11,477.28	$915.53	$984.44	
262924690596003440	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 344	pp	pp	$0.00	
262924690596003450	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 345	$11,477.28	$915.53	$984.44	
262924690596003460	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 346	$11,477.28	$915.53	$984.44	
262924690596003470	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 347	$11,477.28	$915.53	$984.44	
262924690596003480	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 348	$11,477.28	$915.53	$984.44	
262924690596003490	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 349	$11,477.28	$915.53	$984.44	
262924690596003500	LAKE ASHTON WEST PHASE I PB 138 PGS 11 THRU 21 LOT 350	$11,477.28	$915.53	$984.44	
262924690597012050	LAKE ASHTON WEST ATLEE ADDITION PHASE I LOT 1205	$11,477.28	$915.53	$984.44	
262924690597012060	LAKE ASHTON WEST ATLEE ADDITION PHASE 1 LOT 1206	$11,477.28	$915.53	$984.44	
262924690597012070	LAKE ASHTON WEST ATLEE ADDITION PHASE 1 LOT 1207	$11,477.28	$915.53	$984.44	
262924690597012080	LAKE ASHTON WEST ATLEE ADDITION PHASE 1 LOT 1208	$11,477.28	$915.53	$984.44	
262924690597012090	LAKE ASHTON WEST ATLEE ADDITION PHASE 1 LOT 1209	pp	pp	$0.00	
262924690597012100	LAKE ASHTON WEST ATLEE ADDITION PHASE 1 LOT 1210	pp	pp	$0.00	
262924690597012110	LAKE ASHTON WEST ATLEE ADDITION PHASE 1 LOT 1211	$11,477.28	$915.53	$984.44	
262924690597012120	LAKE ASHTON WEST ATLEE ADDITION PHASE 1 LOT 1212	$11,477.28	$915.53	$984.44	
262924690597012130	LAKE ASHTON WEST ATLEE ADDITION PHASE 1 LOT 1213	$11,477.28	$915.53	$984.44	
262924690597012140	LAKE ASHTON WEST ATLEE ADDITION PHASE 1 LOT 1214	$11,477.28	$915.53	$984.44	

Folio	

Legal Description	

2021 Par Debt	Series 2021 Annual Debt Service	Annual  Debt Service (tax bill)*	
262924690597012150	LAKE ASHTON WEST ATLEE ADDITION PHASE 1 LOT 1215	$11,477.28	$915.53	$984.44	
262924690597012160	LAKE ASHTON WEST ATLEE ADDITION PHASE 1 LOT 1216	pp	pp	$0.00	
262924690598012170	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1217	pp	pp	$0.00	
262924690598012180	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1218	$11,477.28	$915.53	$984.44	
262924690598012190	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1219	$11,477.28	$915.53	$984.44	
262924690598012200	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1220	$11,477.28	$915.53	$984.44	
262924690598012210	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1221	$11,477.28	$915.53	$984.44	
262924690598012220	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1222	$11,477.28	$915.53	$984.44	
262924690598012230	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1223	$11,477.28	$915.53	$984.44	
262924690598012240	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1224	$11,477.28	$915.53	$984.44	
262924690598012250	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1225	pp	pp	$0.00	
262924690598012260	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1226	$11,477.28	$915.53	$984.44	
262924690598012270	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1227	$11,477.28	$915.53	$984.44	
262924690598012280	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1228	$11,477.28	$915.53	$984.44	
262924690598012290	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1229	pp	pp	$0.00	
262924690598012300	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1230	pp	pp	$0.00	
262924690598012310	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1231	$11,477.28	$915.53	$984.44	
262924690598012320	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1232	$11,477.28	$915.53	$984.44	
262924690598012330	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1233	$11,477.28	$915.53	$984.44	
262924690598012340	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1234	$11,477.28	$915.53	$984.44	
262924690598012350	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1235	$11,477.28	$915.53	$984.44	
262924690598012360	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1236	$11,477.28	$915.53	$984.44	
262924690598012370	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1237	pp	pp	$0.00	
262924690598012380	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1238	$11,477.28	$915.53	$984.44	
262924690598012390	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1239	$11,477.28	$915.53	$984.44	
262924690598012400	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1240	$11,477.28	$915.53	$984.44	
262924690598012410	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1241	$11,477.28	$915.53	$984.44	
262924690598012420	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1242	pp	pp	$0.00	
262924690598012430	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1243	$11,477.28	$915.53	$984.44	
262924690598012440	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1244	$11,477.28	$915.53	$984.44	
262924690598012450	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1245	$11,477.28	$915.53	$984.44	
262924690598012460	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1246	$11,477.28	$915.53	$984.44	
262924690598012470	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1247	$11,477.28	$915.53	$984.44	
262924690598012480	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1248	$11,477.28	$915.53	$984.44	
262924690598012490	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1249	$11,477.28	$915.53	$984.44	
262924690598012500	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1250	$11,477.28	$915.53	$984.44	
262924690598012510	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1251	pp	pp	$0.00	
262924690598012520	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1252	$11,477.28	$915.53	$984.44	
262924690598012530	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1253	$11,477.28	$915.53	$984.44	
262924690598012540	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1254	$11,477.28	$915.53	$984.44	
262924690598012550	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1255	$11,477.28	$915.53	$984.44	
262924690598012560	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1256	$11,477.28	$915.53	$984.44	
262924690598012570	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1257	$11,477.28	$915.53	$984.44	
262924690598012580	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1258	$11,477.28	$915.53	$984.44	
262924690598012590	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1259	$11,477.28	$915.53	$984.44	
262924690598012600	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1260	pp	pp	$0.00	
262924690598012610	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1261	pp	pp	$0.00	
262924690598012620	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1262	$11,477.28	$915.53	$984.44	
262924690598012630	LAKE ASHTON WEST ATLEE ADDITION PHASE II LOT 1263	$11,477.28	$915.53	$984.44	
		$3,535,002.24	$281,983.24	$303,207.52	

*This amount has been grossed up to cover early payment discounts and Polk County collection fees, currently 7%.	
Note: pp represent units that have prepaid the debt in full and are not assessed for the Series 2021 Bond.	

.	. .
S E CTION 2

RESOLUTION 2022-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT RATIFYING, CONFIRMING, AND APPROVING THE SALE OF THE LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUE REFUNDING BONDS, SERIES 2021; RATIFYING, CONFIRMING AND APPROVING THE ACTIONS OF THE CHAIRMAN, VICE CHAIRMAN, TREASURER, SECRETARY, ASSISTANT SECRETARIES, AND ALL DISTRICT STAFF REGARDING THE SALE AND CLOSING OF THE LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUE REFUNDING BONDS, SERIES 2021; AND DETERMINING SUCH ACTIONS AS BEING IN ACCORDANCE WITH THE AUTHORIZATION GRANTED BY THE BOARD; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Lake Ashton II Community Development District (the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated in Polk County, Florida; and

WHEREAS, pursuant to Chapter 190, Florida Statutes, the District is authorized to construct, install, operate and/or maintain systems and facilities for certain basic infrastructure and other infrastructure projects and services necessitated by the development of, and serving lands within, the District; and

WHEREAS, the District on July 13, 2021, approved a commitment letter constituting a proposal from Hancock Whitney Bank, for the purchase of the District’s $3,535,000 Lake Ashton II Community Development District (Polk County, Florida) Capital Improvement Revenue Refunding Bonds, Series 2021 (the “Series 2021 Bonds”), at the terms and conditions provided therein; and

WHEREAS, the District has previously considered and adopted a number of resolutions relating to the issuance of the Series 2021 Bonds and the imposition of special assessments securing the Series 2021 Bonds, including, but not limited to, Resolutions 2005-14; 2005-26; 2005-27; 2005-28; 2021-07; 2021-08; and 2022-01; and

WHEREAS, the District, on September 15, 2021, closed on the sale of its Series 2021 Bonds; and

WHEREAS, as prerequisites to the issuance of the Series 2021 Bonds, the Chairman, Vice Chairman, Secretary, Treasurer, Assistant Secretaries, and District Staff, including the District Manager, District Methodology Consultant, and District Counsel, were required to execute and deliver various documents including, but not limited to: a Third Supplemental Trust Indenture; an Escrow Deposit Agreement; an Amended and Restated Notice of Series 2021 Assessments; a specimen of the Series 2021 Bonds; various certificates of the District; an Order to Authenticate

and Deliver the Series 2021 Bonds; a Certificate of the Methodology Consultant to the District; an Assessment Allocation Report for the Series 2021 Bonds, dated September 13, 2021; opinion of counsel to the District; and Internal Revenue Service Form 8038-G (collectively, the “Closing Documents”); and

WHEREAS, the District finds that the sale, closing, and issuance of the Series 2021 Bonds was in the best interests of the District, and the District desires to ratify, confirm, and approve all actions of the District Chairman, Vice Chairman, Secretary, Treasurer, Assistant Secretaries, and District Staff in closing the issuance of the Series 2021 Bonds; and

WHEREAS, the District has incurred or will incur certain expenses in finalizing the sale, closing, and issuance of the Series 2021 Bonds, the costs of which are reflected in Exhibit A attached hereto (the “Costs of Issuance”); and

WHEREAS, the District finds the expenses incurred in finalizing the closing and issuance of the Series 2021 Bonds to be reasonable and in the best interests of the District, and the District desires to ratify payments made in relation to the closing and issuance of the Series 2021 Bonds.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1.  The sale, issuance, and closing of the Series 2021 Bonds and the adoption   of resolutions relating to the Series 2021 Bonds under the terms and conditions set forth therein serve a public purpose and are in the best interests of the District and are hereby ratified, approved, and confirmed.

SECTION 2. The resolutions levying and imposing the special assessments securing the Series 2021 Bonds remain in full force and effect and are hereby ratified and confirmed in all respects.

SECTION 3. The actions of the Chairman, Vice Chairman, Secretary,  Treasurer,  Assistant Secretaries, and all District Staff in finalizing the closing and issuance of the Series 2021 Bonds, including the execution and delivery of the Closing Documents, and such other certifications or other documents required for the closing on September 15, 2021, are hereby ratified, approved, and confirmed in all respects. Copies of the specimen of the Series 2021 Bonds; the Escrow Deposit Agreement; IRS Form 8038-G; Amended and Restated Notice of Assessments; and Hancock Whitney Bank’s commitment letter are attached hereto as Composite Exhibit B. Said documents are specifically ratified, confirmed, and approved in all respects.

SECTION 4. The Costs of Issuance listed in Exhibit A to this Resolution reflects reasonable costs that have been or will be incurred in finalizing the sale, closing, and issuance of the Series 2021 Bonds necessary for financing the installation and construction of District infrastructure. The costs reflected in Exhibit A are hereby ratified and approved.

SECTION 5. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution or any part of this Resolution not held to be invalid or unenforceable.

SECTION 6.	This Resolution shall become effective upon its passage.

PASSED AND ADOPTED this 	day of 	, 2021.

ATTEST:	LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	James Mecsics, Chairman

Print Name

EXHIBIT A

COMPOSITE EXHIBIT B

Initial Interest Rate	 	Maturity Date	 	Dated Date	

1.0645%

Registered Owner:

May 1, 2022 HANCOCK WHITNEY BANK

September 15, 2021

Principal Amount:

TWO HUNDRED FIVE THOUSAND DOLLARS

LAKE  ASHTON  II  COMMUNITY   DEVELOPMENT  DISTRICT,  a community
development district duly established and existing pursuant to Chapter 190, Florida Statutes (the "District"), for value received, hereby promises to pay (but only out of the sources hereinafter mentioned) to the registered Owner set forth above, or registered assigns, on the maturity date shown hereon, unless this Bond shall have been called for redemption in whole or in part and payment of the Redemption Price (as defined in the Indenture hereinafter mentioned) shall have been duly made or provided for, the principal amount shown above and to pay (but only out of the sources hereinafter mentioned) interest on the outstanding principal amount hereof from the most recent Interest Payment Date to which interest has been paid or provided for or, if no interest has been paid, from the Dated Date shown above on May 1 and November 1 of each year (each, an "Interest Payment Date"), commencing on November 1, 2021, until payment of said principal sum has been made or provided for, at the interest rate per annum set forth above, as adjusted as provided in the Supplemental Indenture (hereinafter defined). Notwithstanding the foregoing, if any Interest Payment Date is not a Business Day (as defined in the Indenture hereinafter mentioned), then all amounts due on such Interest Payment Date shall be payable on the first Business Day succeeding such Interest Payment Date, but shall be deemed paid on such Interest Payment Date. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture (hereinafter defined), be paid to the registered Owner hereof at the close of business on the regular Record Date for such interest, which shall be the fifteenth (15th) day of the calendar month preceding such Interest Payment Date or, if such day is not a Business Day, on the Business Day immediately preceding such day; provided, however, that onor after the occurrence and continuance of an Event of Default under clause (a) of Section 902 of the Master Indenture (hereinafter defined), the payment of interest and principal or Redemption Price or Amortization Installments shall be made by the Paying Agent (hereinafter defined) to such person who, on a special record date which is fixed by the Trustee, which shall be not more than fifteen (15) and not less than ten (10) days prior to the date of such proposed payment, appears on the registration books of the Bond Registrar as the registered Owner of this Bond. Upon a Determination of Taxability (as defined in the Supplemental Indenture), the interest rate

Initial Interest Rate 1.2090%

 	Maturity Date	   		 Dated Date	May 1, 2023		September 15, 2021

Registered Owner: Principal Amount:

HANCOCK WHITNEY BANK
TWO HUNDRED TEN THOUSAND DOLLARS

LAKE  ASHTON  II   COMMUNITY  DEVELOPMENT  DISTRICT,  a  community
development district duly established and existing pursuant to Chapter 190, Florida Statutes (the "District"), for value received, hereby promises to pay (but only out of the sources hereinafter mentioned) to the registered Owner set forth above, or registered assigns, on the maturity date shown hereon, unless this Bond shall have been called for redemption in whole or in part and payment of the Redemption Price (as defined in the Indenture hereinafter mentioned) shall have been duly made or provided for, the principal amount shown above and to pay (but only out of the sources hereinafter mentioned) interest on the outstanding principal amount hereof from the most recent Interest Payment Date to which interest has been paid or provided for or, if no interest has been paid, from the Dated Date shown above on May 1 and November 1 of each year (each, an "Interest Payment Date"), commencing on November 1, 2021, until payment of said principal sum has been made or provided for, at the interest rate per annum set forth above, as adjusted as provided in the Supplemental Indenture (hereinafter defined). Notwithstanding the foregoing, if any Interest Payment Date is not a Business Day (as defined in the Indenture hereinafter mentioned), then all amounts due on such Interest Payment Date shall be payable on the first Business Day succeeding such Interest Payment Date, but shall bedeemed paid on such Interest Payment Date. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture (hereinafter defined), be paid to the registered Owner hereof at the close of business on the regular Record Date for such interest, which shall be the fifteenth (15th) day of the calendar month preceding such Interest Payment Date or, if such day is not a Business Day, on the Business Day immediately preceding such day; provided, however, that on or after the occurrence and continuance of an Event of Default under clause (a) of Section 902 of the Master Indenture (hereinafter defined), the payment of interest and principal or Redemption Price or Amortization Installments shall be made by the Paying Agent (hereinafter defined) to such person who, on a special record date which is fixed by the Trustee, which shall be not more than fifteen (15) and not less than ten (10) days prior to the date of such proposed payment, appears on the registration books of the Bond Registrar as the registered Owner of this Bond. Upon a Determination of Taxability (as defined in  the Supplemental Indenture), the interest rate

Init ial Interest Rate 1.4203%

 	Maturity Date	   		 Dated Date	May 1, 2024		September 15, 2021

Registered Owner: Principal Amount:

HANCOCK WHITNEY BANK
TWO HUNDRED TEN THOUSAND DOLLARS

LAKE  ASHTON  II    COMMUNITY  DEVELOPMENT   DISTRICT,   a  community
development dist rict duly established and existing pursuant to Chapter 190, Florida Statutes (the "District"), for value received, hereby promises to pay (but only out of the sources hereinafter mentioned) to the registered Owner set forth above, or registered assigns, on the maturity date shown hereon, unless this Bond shall have been called for redemption in whole or in part and payment of the Redemption Price (as defined in the Indenture hereinafter mentioned) shall have been duly made or provided for, the principal amount shown above and to pay (but only out of the sources hereinafter mentioned) interest on the outstanding principal amount hereof from the most recent Interest Payment Date to which interest has been paid or provided for or, if no interest has been paid, from the Dated Date shown above on May 1 and November 1 of each year (each, an "Interest Payment Date"), commencing on November 1, 2021, until payment of said principal sum has been made or provided for, at the interest rate per annum set forth above, as adjusted as provided in the Supplementa l Indenture (hereinafter defined). Notwithstanding the foregoing, if any Interest Payment Date is not a Business Day (as defined in the Indenture hereinafter mentioned), then all amounts due on such Interest Payment Date shall be payable on the first Business Day succeeding such Interest Payment Date, but shall bedeemed paid on such Int erest Payment Date. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indent ure (hereinafter defined), be paid to the registered Owner hereof at the close of business on the regular Record Date for such interest, which shall be the fifteenth (15th) day of the calendar month preceding such Interest Payment Date or, if such day is not a Business Day, on the Business Day immediately preceding such day; provided, however, that onor after the occurrence and continuance of an Event of Default under clause (a) of Section 902 of the Master Indenture (hereinafter defined), the payment of interest and principal or Redemption Price or Amortization Installments shall be made by the Paying Agent (hereinafter defined) to such person who, on a special record date which is fixed by the Trustee, which shall be not more than fifteen (15) and not less than ten (10) days prior to the date of such proposed payment, appears on the registration books of the Bond Registrar as the registered Owner of this Bond. Upon a Determination of Taxability (as defined in the Supplemental Indenture), the interest rate

Initial Interest Rate	 	Maturity Date	 	Dated Date	

1.6285%

Registered Owner:

May 1, 2025 HANCOCK WHITNEY BANK

September 15, 2021

Principal Amount:	TWO HUNDRED FIFTEEN THOUSAND DOLLARS

LAKE  ASHTON  II  COMMUNITY   DEVELOPMENT  DISTRICT,  a community
development district duly established and existing pursuant to Chapter 190, Florida Statutes (the "District"), for value received, hereby promises to pay (but only out of the sources hereinafter mentioned) to the registered Owner set forth above, or registered assigns, on the maturity date shown hereon, unless this Bond shall have been called for redemption in whole or in part and payment of the Redemption Price (as defined in the Indenture hereinafter mentioned) shall have been duly made or provided for, the principal amount shown above and to pay (but only out of the sources hereinafter mentioned) interest on the outstanding principal amount hereof from the most recent Interest Payment Date to which interest has been paid or provided for or, if no interest has been paid, from the Dated Date shown above on May 1 and November 1 of each year (each, an "Interest Payment Date"), commencing on November 1, 2021, until payment of said principal sum has been made or provided for, at the interest rate per annum set forth above, as adjusted as provided in the Supplemental Indenture (hereinafter defined). Notwithstanding the foregoing, if any Interest Payment Date is not a Business Day (as defined in the Indenture hereinafter mentioned), then all amounts due on such Interest Payment Date shall be payable on the first Business Day succeeding such Interest Payment Date, but shall bedeemed paid on such Interest Payment Date. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture (hereinafter defined), be paid to the registered Owner hereof at the close of business on the regular Record Date for such interest, which shall be the fifteenth (15th) day of the calendar month preceding such Interest Payment Date or, if such day is not a Business Day, on the Business Day immediately preceding such day; provided, however, that onor after the occurrence and continuance of an Event of Default under clause (a) of Section 902 of the Master Indenture (hereinafter defined), the payment of interest and principal or Redemption Price or Amortization Installments shall be made by the Paying Agent (hereinafter defined) to such person who, on a special record date which is fixed by the Trustee, which shall be not more than fifteen (15) and not less than ten (10) days prior to the date of such proposed payment , appears on the registration books of the Bond Registrar as the registered Owner of this Bond. Upon a Determination of Taxability (as defined in the Supplemental Indent ure), the interest rate

Initial Interest Rate
1.8011%

 	Maturity Date	   		 Dated Date	May 1, 2026		September 15, 2021

Registered Owner: Principal Amount:

HANCOCK WHITNEY BANK
TWO HUNDRED TWENTY THOUSAND DOLLARS

LAKE  ASHTON  II  COMMUNITY   DEVELOPMENT  DISTRICT,  a  community
development district duly established and existing pursuant to Chapter 190, Florida Statutes (the "District"), for value received, hereby promises to pay (but only out of the sources hereinafter mentioned) to the registered Owner set forth above, or registered assigns, on the maturity date shown hereon, unless this Bond shall have been called for redemption in whole or in part and payment of the Redemption Price (as defined in the Indenture hereinafter mentioned) shall have been duly made or provided for, the principal amount shown above and to pay (but only out of the sources hereinafter mentioned) interest on the outstanding principal amount hereof from the most recent Interest Payment Date to which interest has been paid or provided for or, if no interest has been paid, from the Dated Date shown above on May 1 and November 1 of each year (each, an "Interest Payment Date"), commencing on November 1, 2021, until payment of said principal sum has been made or provided for, at the interest rate per annum set forth above, as adjusted as provided in the Supplemental Indenture (hereinafter defined). Notwithstanding the foregoing, if any Interest Payment Date is not a Business Day (as defined in the Indenture hereinafter mentioned), then all amounts due on such Interest Payment Date shall be payable on the first Business Day succeeding such Interest Payment Date, but shall be deemed paid on such Interest Payment Date. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture (hereinafter defined), be paid to the registered Owner hereof at the close of business on the regular Record Date for such interest, which shall be the fifteenth (15th) day of the calendar month preceding such Interest Payment Date or, if such day is not a Business Day, on the Business Day immediately preceding such day; provided, however, that onor after the occurrence and continuance of an Event of Default under clause (a) of Section 902 of the Master Indenture (hereinafter defined), the payment of interest and principal or Redemption Price or Amortization Installments shall be made by the Paying Agent (hereinafter defined) to such person who, on a special record date which is fixed by the Trustee, which shall be not more than fifteen (15) and not less than ten (10) days prior to the date of such proposed payment, appears on the registration books of the Bond Registrar as the registered Owner of this Bond. Upon a Determination of Taxability (as defined in the Supplemental Indenture), the interest rate

Initial Interest Rate	 	Maturity Date	 	Dated Date	

1.9473%

Registered Owner:

May 1, 2027 HANCOCK WHITNEY BANK

September 15, 2021

Principal Amount:	TWO HUNDRED TWENTY-FIVE THOUSAND DOLLARS

LAKE  ASHTON  II  COMMUNITY  DEVELOPMENT  DISTRICT,  a  community
development district duly established and existing pursuant to Chapter 190, Florida Statutes (the "District"), for value received, hereby promises to pay (but only out of the sources hereinafter mentioned) to the registered Owner set forth above, or registered assigns, on the maturity date shown hereon, unless this Bond shall have been called for redemption in whole or  in  part  and payment of  the  Redemption  Price  (as defined in  the  Indenture hereinafter
. mentioned) shall have been duly made or provided for, the principal amount shown above and to pay (but only out of the sources hereinafter mentioned) interest on the outstanding principal amount hereof from the most recent Interest Payment Date to which interest has been paid or provided for or, if no interest has been paid, from the Dated Date shown above on May 1 and November 1 of each year (each, an "Interest Payment Date"), commencing on November 1, 2021, until payment of said principal sum has been made or provided for, at the interest rate per annum set forth above, as adjusted as provided in the Supplemental Indenture (hereinafter defined). Notwithstanding the foregoing, if any Interest Payment Date is not a Business Day (as defined in the Indenture hereinafter mentioned), then all amounts due on such Interest Payment Date shall be payable on the first Business Day succeeding such Interest Payment Date, but shall be deemed paid on such Interest Payment Date. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture (hereinafter defined), be paid to the registered Owner hereof at the close of business on the regular Record Date for such interest, which shall be the fifteenth (15th) day of the calendar month preceding such Interest Payment Date or, if such day is not a Business Day, on the Business Day immediately preceding such day; provided, however, that onor after the occurrence and continuance of an Event of Default under clause (a) of Section 902 of the Master Indenture (hereinafter defined), the payment ·of interest and principal or Redemption Price or Amortization Installments shall be made by the Paying Agent (hereinafter defined) to such person who, on a special record date which is fixed by the Trustee, which shall be not more than fifteen (15) and not less than ten (10) days prior to the date of such proposed payment, appears on the registration books of the Bond Registrar as the registered Owner of this Bond. Upon a Determination of Taxability (as defined in the Supplemental Indenture), the interest rate

Initial Interest Rate 2.0740%

 	Maturity Date	   		 Dated Date	May 1, 2028		September 15, 2021

Registered Owner: Principal Amount:

HANCOCK WHITNEY BANK
TWO HUNDRED TWENTY-FIVE THOUSAND DOLLARS

LAKE  ASHTON  II  COMMUNITY  DEVELOPMENT   DISTRICT,  a community
development district duly established and existing pursuant to Chapter 190, Florida Statutes (the "District"), for value received, hereby promises to pay (but only out of the sources hereinafter mentioned) to the registered Owner set forth above, or registered assigns, on the maturity date shown hereon, unless this Bond shall have been called for redemption in whole or in part and payment of the Redemption Price (as defined in the Indent ure hereinafter mentioned) shall have been duly made or provided for, the principal amount shown above and to pay (but only out of the sources hereinafter mentioned) interest on the outstanding principal amount hereof from the most recent Interest Payment Date to which interest has been paid or provided for or, if no interest has been paid, from the Dated Date shown above on May 1 and November 1 of each year (each, an "Interest Payment Date"), commencing on November 1, 2021, until payment of said principal sum has been made or provided for, at the interest rate per annum set forth above, as adjusted as provided in the Supplemental Indenture (hereinafter defined). Notwithstanding the foregoing, if any Interest Payment Date is not a Business Day (as defined in the Indenture hereinafter mentioned), then all amounts due on such Interest Payment Date shall be payable on the first Business Day succeeding such Interest Payment Date, but shall be deemed paid on such Interest Payment Date. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Dat e will, as provided in the Indenture (hereinafter defined), be paid to the registered Owner hereof at the close of business on the regular Record Date for such interest, which shall be the fifteenth (15th) day of the calendar month preceding such Interest Payment Date or, if such day is no·t a Business Day, on the Business Day immediately preceding such day; provided, however, that onor after the occurrence and continuance of an Event of Default under clause (a) of Section 902 of the Master Indenture (hereinafter defined), the payment of interest and principal or Redemption Price or Amortization Installments shall be made by the Paying Agent (hereinafter defined) to such person who, on a special record date which is fixed by the Trustee, which shall be not more than fifteen (15) and not less than ten (10) days prior to the date of such proposed payment , appears on the registration books of the Bond Registrar as the registered Owner of this Bond. Upon a Deter mination of Taxability (as defined in the Supplemental Indenture), the interest rate

Initial Interest Rate 2.1837%

 	Maturity Date	   		 Dated Date	May 1, 2029		September 15, 2021

Registered Owner: Principal Amount:

HANCOCK WHITNEY BANK
TWO HUNDRED THIRTY THOUSAND DOLLARS

LAKE  ASHTON  II   COMMUNITY   DEVELOPMENT   DISTRICT,  a community
development district duly established and existing pursuant to Chapter 190, Florida Statutes (the "District"), for value received, hereby promises to pay (but only out of the sources hereinafter mentioned) to the registered Owner set forth above, or registered assigns, on the maturity date shown hereon, unless this Bond shall have been called for redemption in whole or in part and payment of the Redemption Price (as defined in the Indenture hereinafter mentioned) shall have been duly made or provided for, the principal amount shown above and to pay (but only out of the sources hereinafter mentioned) interest on the outstanding principal amount hereof from the most recent Interest Payment Date to which interest has been paid or provided for or, if no interest has been paid, from the Dated Date shown above on May 1 and November 1 of each year (each, an "Interest Payment Date"), commencing on November 1, 2021, until payment of said principal sum has been made or provided for, at the interest rate per annum set forth above, as adjusted as provided in the Supplemental Indenture (hereinafter defined). Notwithstanding the foregoing, if any Interest Payment Date is not a Business Day (as defined in the Indentur e hereinafter mentioned), then all amounts due on such Interest Payment Date shall be payable on the first Business Day succeeding such Interest Payment Date, but shall be deemed paid on such Interest Payment Date. The interest so payable, and punctually paid or duly provided for, on any Inter est Payment Date will, as provided in the Indenture (hereinafter defined), be paid to the registered Owner hereof at the close of business on the regular Record Date for such interest, which shall be the fifteenth (15th) day of the calendar month preceding such Interest Payment Date or, if such day is not a Business Day, on the Business Day immediately preceding such day; provided, however, that onorafter the occurrence and continuance of an Event of Default under clause (a) of Section 902 of the Master Indenture (hereinafter defined), the payment of interest and principal or Redemption Price or Amortization Installments shall be made by the Paying Agent (hereinafter defined) to such person who, on a special record date which is fixed by the Tr ustee, which shall be not more than fifteen (15) and not less than ten (10) days prior to the date of such proposed payment, appears on the registration books of the Bond Registrar as the registered Owner of this Bond. Upon a Determination of Taxability (as defined in the Supplemental Indenture), the interest rate

Initial Interest Rate 2.2774%

 	Maturity Date	   		 Dated Date	May 1, 2030		September 15, 2021

Registered Owner: Principal Amount:

HANCOCK WHITNEY BANK
TWO HUNDRED FORTY THOUSAND DOLLARS

LAKE  ASHTON  II   COMMUNITY  DEVELOPMENT   DISTRICT,  a community
development district duly established and existing pursuant to Chapter 190, Florida Statutes (the "District"), for value received, hereby promises to pay (but only out of the sources hereinafter mentioned) to the registered Owner set forth above, or registered assigns, on the maturity date shown hereon, unless this Bond shall have been called for redemption in whole or in part and payment of the Redemption Price (as defined in the Indenture hereinafter mentioned) shall have been duly made or provided for, the principal amount shown above and to pay (but only out of the sources hereinafter mentioned) interest on the outstanding principal amount hereof from the most recent Interest Payment Date to which interest has been paid or provided for or, if no interest has been paid, from the Dated Date shown above on May 1 and November 1 of each year (each, an "Interest Payment Date"), commencing on November 1, 2021, until payment of said principal sum has been made or provided for, at the interest rate per annum set forth above, as adjusted as provided in the Supplemental Indenture (hereinafter defined). Notwithstanding the foregoing, if any Interest Payment Date is not a Business Day (as defined in the Indenture hereinafter mentioned), then all amounts due on such Interest Payment Date shall be payable on the first Business Day succeeding such Interest Payment Date, but shall be deemed paid on such Interest Payment Date. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture (hereinafter defined), be paid to the registered Owner hereof at the close of business on the regular Record Date for such interest, which shall be the fifteenth (15th) day of the calendar month preceding such Interest Payment Date or, if such day is not a Business Day, on the Business Day immediately preceding such day; provided, however, that on or after the occurrence and continuance of an Event of Default under clause (a) of Section 902 of the Master Indenture (hereinafter defined), the payment of interest and principal or Redemption Price or Amortization Installments shall be made by the Paying Agent (hereinafter defined) to such person who, on a special record date which is fixed by the Trustee, which shall be not more than fifteen (15) and not less than ten (10) days prior to the date of such proposed payment, appears on the registration books of the Bond Registrar as the registered Owner of this Bond. Upon a Determination of Taxability (as defined in the Supplemental Indenture), the interest rate

Initial Interest Rate	 	Maturity Date	 	Dated Date	
2.3613%	May 1, 2031	September 15, 2021

Registered Owner: Principal Amount:

HANCOCK WHITNEY BANK
TWO HUNDRED FORTY-FIVE THOUSAND DOLLARS

LAKE  ASHTON  II   COMMUNITY  DEVELOPMENT  DISTRICT,  a community
development district duly established and existing pursuant to Chapter 190, Florida Statutes (the "District"), for value received, hereby promises to pay (but only out of the sources hereinafter mentioned) to the registered Owner set forth above, or registered assigns, on the maturity date shown hereon, unless this Bond shall have been called for redemption in whole or in part and payment of the Redemption Price (as defined in the Indenture hereinafter mentioned) shall have been duly made or provided for, the principal amount shown above and to pay (but only out of the sources hereinafter mentioned) interest on the outstanding principal amount hereof from the most recent Interest Payment Date to which interest has been paid or provided for or, if no interest has been paid, from the Dated Date shown above on May 1 and November 1 of each year (each, an "Interest Payment Date"), commencing on November 1, 2021, until payment of said principal sum has been made or provided for, at the interest rate per annum set forth above, as adjusted as provided in the Supplemental Indenture (hereinafter defined). Notwithstanding the foregoing, if any Interest Payment Date is not a Business Day (as defined in the Indenture hereinafter mentioned), then all amounts due on such Interest Payment Date shall be payable on the first Business Day succeeding such Interest Payment Date, but shall be deemed paid on such Interest Payment Date. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture (hereinafter defined), be paid to the registered Owner hereof at the close of business on the regular Record Date for such interest, which shall be the fifteenth (15th) day of the calendar month preceding such Interest Payment Date or, if such day is not a Business Day, on the Business Day immediately preceding such day; provided, however, that onor after the occurrence and continuance of an Event of Default under clause (a) of Section 902 of the Master Indenture (hereinafter defined), the payment of interest and principal or Redemption Price or Amortization Installments shall be made by the Paying Agent (hereinafter defined) to such person who, on a special record date which is fixed by the Trustee, which shall be not more than fifteen (15) and not less than ten (10) days prior to the date of such proposed payment, appears on the registration books of the Bond Registrar as the registered Owner of this Bond. Upon a Determination of Taxability (as defined in the Supplemental Indenture), the interest rate

Initial Interest Rate	 	Maturity Date	 	Dated Date	

2.4357%

Registered Owner:

May 1, 2032 HANCOCK WHITNEY BANK

September 15, 2021

Principal Amount:	TWO HUNDRED FIFTY THOUSAND DOLLARS

LAKE  ASHTON  II   COMMUNITY  DEVELOPMENT   DISTRICT,   a community
development district duly established and existing pursuant to Chapter 190, Florida Statutes (the "District"), for value received, hereby promises to pay (but only out of the sources hereinafter mentioned) to the registered Owner set forth above, or registered assigns, on the maturity date shown hereon, unless this Bond shall have been called for redemption in whole or in part and payment of the Redemption Price (as defined in the Indenture hereinafter mentioned) shall have been duly made or provided for, the principal amount shown above and to pay (but only out of the sources hereinafter mentioned) interest on the outstanding principal amount hereof from the most recent Interest Payment Date to which interest has been paid or provided for or, if no interest has been paid, from the Dated Date shown above on May 1 and November 1 of each year (each, an "Interest Payment Date"), commencing on November 1, 2021, until payment of said principal sum has been made or provided for, at the interest rate per annum set forth above, as adjusted as provided in the Su pplementa l Indenture (hereinafter defined). Notwithstanding the foregoing, if any Interest Payment Date is not a Business Day (as defined in the Indenture hereinafter mentioned), then all amounts due on such Interest Payment Date shall be payable on the first Business Day succeeding such Interest Payment Date, but shall be deemed paid on such Interest Payment Date. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture (hereinafter defined), be paid to the registered Owner hereof at the close of business on the regular Record Date for such interest, which shall be the fifteenth (15th) day of the calendar month preceding such Interest Payment Date or, if such day is not a Business Day, on the Business Day immediately preceding such day; provided, however, that onor after the occurrence and continuance of an Event of Default under clause (a) of Section 902 of the Master Indenture (hereinafter defined), the payment of interest and principal or Redemption Price or Amortization Installments shall be made by the Paying Agent (hereinafter defined) to such person who, on a special record date which is fixed by the Trustee, which shall be not more than fifteen (15) and not less than ten (10) days prior to the date of such proposed payment, appears on the registration books of the Bond Registrar as the registered Owner of this Bond. Upon a Determination of Taxability (as defined in the Supplemental Indenture), the interest rate

 	Initial Interest Rate	 	Maturity Date	 	Dated Date	
2.5002%	May 1, 2033	September 15, 2021

Registered Owner: Principal Amount:

HANCOCK WHITNEY BANK
TWO HUNDRED FIFTY-FIVE THOUSAND DOLLARS

LAKE  ASHTON  II  COMMUNITY  DEVELOPMENT   DISTRICT,   a community
development district duly established and existing pursuant to Chapter 190, Florida Statutes (the "District"), for value received, hereby promises to pay (but only out of the sources hereinafter mentioned) to the registered Owner set forth above, or registered assigns, on the maturity date shown hereon, unless this Bond shall have been called for redemption in whole or in part and payment of the Redemption Price (as defined in the Indenture hereinafter mentioned) shall have been duly made or provided for, the principal amount shown above and to pay (but only out of the sources hereinafter mentioned) interest on the outstanding principal amount hereof from the most recent Interest Payment Date to which interest has been paid or provided for or, if no interest has been paid, from the Dated Date shown above on May 1 and November 1 of each year (each, an "Interest Payment Date"), commencing on November 1, 2021, until payment of said principal sum has been made or provided for, at the interest rate per annum set forth above, as adjusted as provided in the Supplemental Indenture (hereinafter defined). Notwithstanding the foregoing, if any Interest Payment Date is not a Business Day (as defined in the Indenture hereinafter mentioned), then all amounts due on such Interest Payment Date shall be payable on the first Business Day succeeding such Interest Payment Date, but shall be deemed paid on such Interest Payment Date. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture (hereinafter defined), be paid to the registered Owner hereof at the close of business on the regular Record Date for such interest, which shall be the fifteenth (15th) day of the calendar month preceding such Interest Payment Date or, if such day is not a Business Day, on the Business Day immediately preceding such day; provided, however, that onor after the occurrence and continuance of an Event of Default under clause (a) of Section 902 of the Master Indenture (hereinafter defined), the payment of interest and principal or Redemption Price or Amortization Installments shall be made by the Paying Agent (hereinafter defined) to such person who, on a special record date which is fixed by the Trustee, which shall be not more than fifteen (15) and not less than ten (10) days prior to the date of such proposed payment, appears on the registration books of the Bond Registrar as the registered Owner of this Bond. Upon a Determination of Taxability (as defined in the Supplemental Indenture), the interest rate

Initial Interest Rate 2.5576%

 	Maturity Date	 May 1, 2034

 		Dated Date	 September 15, 2021

Registered Owner: Principal Amount:

HANCOCK WHITNEY BANK
TWO HUNDRED SIXTY THOUSAND DOLLARS

LAKE  ASHTON  II   COMMUNITY   DEVELOPMENT  DISTRICT,  a community
development district duly established and existing pursuant to Chapter 190, Florida Statutes (the "District"), for value received, hereby promises to pay (but only out of the sources hereinafter mentioned) to the registered Owner set forth above, or registered assigns, on the maturity date shown hereon, unless this Bond shall have been called for redemption in whole or in part and payment of the Redemption Price (as defined in the Indent ure hereinafter mentioned) shall have been duly made or provided for, the principal amount shown above and to pay (but only out of the sources hereinafter mentioned) interest on the outstanding principal amount hereof from the most recent Interest Payment Date to which interest has been paid or provided for or, if no interest has been paid, from the Dated Date shown above on May 1 and November 1 of each year (each, an "Interest Payment Date"), commencing on November 1, 2021, until payment of said principal sum has been made or provided for, at the interest rate per annum set forth above, as adjusted as provided in the Supplemental Indenture (hereinafter defined). Notwithstanding the foregoing, if any Interest Payment Date is not a Business Day (as defined in the Indenture hereinafter mentioned), then all amounts due on such Interest Payment Date shall be payable on the first Business Day succeeding such Interest Payment Date, but shall be deemed paid on such Interest Payment Date. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture (hereinafter defined), be paid to the registered Owner hereof at the close of business on the regular Record Date for such interest, which shall be the fifteenth (15th) day of the calendar month preceding such Interest Payment Date or, if such day is not a Business Day, on the Business Day immediately preceding such day; provided, however, that onor after the occurrence and continuance of an Event of Default under clause (a) of Section 902 of the Master Indenture (hereinafter defined), the payment of interest and principal or Redemption Price or Amortization Installments shall be made by the Paying Agent (hereinafter defined) to such person who, on a special record date which is fixed by the Trustee, which shall be not more than fifteen (15) and not less than ten (10) days prior to the date of such proposed payment, appears on the registration books of the Bond Registrar as the registered Owner of this Bond. Upon a Determination of Taxability (as defined in the Supplement al Indenture), the interest rate

Initial Interest Rate 2.6091%

 	Mat ur ity Date	    		 Dated Date	May 1, 2035		September 15, 2021

Registered Owner: Principal Amount:

HANCOCKWHITNEY BANK
TWO HUNDRED SEVENTY THOUSAND DOLLARS

LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT, a community
development district duly established and existing pursuant to Chapter 190, Florida Statutes (the "District"), for value received, hereby promises to pay (but only out of the sources hereinafter mentioned) to the registered Owner set forth above, or registered assigns, on the maturity date shown hereon, unless this Bond shall have been called for redemption in whole or in part and payment of the Redemption Price (as defined in the Indenture hereinafter mentioned) shall have been duly made or provided for, the principal amount shown above and to pay (but only out of the sources hereinafter mentioned) interest on the outstanding principal amount hereof from the most recent Interest Payment Date to which interest has been paid or provided for or, if no interest has been paid, from the Dated Date shown above on May 1 and November 1 of each year (each, an "Interest Payment Date"), commencing on November 1, 2021, until payment of said principal sum has been made or provided for, at the interest rate per annum set forth above, as adjusted as provided in the Supplement al Indenture (hereinafter defined).	Notwithstanding the foregoing, if any Interest Payment Date is not a Business Day (as defined in the Indenture hereinafter mentioned), then all amounts due on such Interest Payment Date shall be payable on the first Business Day succeeding such Interest Payment Date, but shall be deemed paid on such Interest Payment Date. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indent ure (hereinafter defined), be paid to the registered Owner hereof at the close of business on the regular Record Date for such interest, which shall be the fifteenth (15th) day of the calendar month preceding such Interest Payment Date or, if such day is not a Business Day, on the Business Day immediately preceding such day; provided, however, that on or after the occurrenceand continuance of an Event of Default under clause (a) of Section 902 of the Master Indenture (hereinafter defined), the payment of interest and principal or Redemption  Pr ice or Amortization  Inst allment s sh all be made by the Paying Agent (hereinafter defined) to such person who, on a special record date which is fixed by the Trustee, which shall be not more than fift een (15) and not less than ten (10) days prior to the date of such proposed payment, appears on the registration books of the Bond Regist rar as the registered Owner of t his Bon d.	Upon a Determination of Taxabi lit y (as defined in the Supplement al Indenture), the interest rate

Page I of 7

Initial Interest Rate	 	Maturity Date	 	Dated Date	

2.6565%

Registered Owner:

May 1, 2036 HANCOCK WHITNEY BANK

September 15, 2021

Principal Amount:	TWO  HUNDRED SEVENTY-FIVE  THOUSAND DOLLARS

LAKE  ASHTON  II   COMMUNITY  DEVELOPMENT  DISTRICT,  a  community
development district duly established and existing pursuant to Chapter 190, Florida Statutes (the "District"), for value received, hereby promises to pay (but only out of the sources hereinafter mentioned) to the registered Owner set forth above, or registered assigns, on the maturity date shown hereon, unless this Bond shall have been called for redemption in whole or in part and payment of the Redemption Price (as defined in the Indenture hereinafter mentioned) shall have been duly made or provided for, the principal amount shown above and to pay (but only out of the sources hereinafter mentioned) interest on the outstanding principal amount hereof from the most recent Interest Payment Date to which interest has been paid or provided for or, if no interest has been paid, from the Dated Date shown above on May 1 and November 1 of each year (each, an "Interest Payment Date"), commencing on November 1, 2021, until payment of said principal sum has been made or provided for, at the interest rate per annum set forth above, as adjusted as provided in the Supplemental Indenture (hereinafter defined). Notwithstanding the foregoing, if any Interest Payment Date is not a Business Day (as defined in the Indenture hereinafter mentioned), then all amounts due on such Interest Payment Date shall be payable on the first Business Day succeeding such Interest Payment Date, but shall be deemed paid on such Interest Payment Date. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture (hereinafter defined), be paid to the registered Owner hereof at the close of business on the regular Record Date for such interest, which shall be the fifteenth (15th) day of the calendar month preceding such Interest Payment Date or, if such day is not a Business Day, on the Business Day immediately preceding such day; provided, however, that onor after the occurrence and continuance of an Event of Default under clause (a) of Section 902 of the Master Indenture (hereinafter defined), the payment of interest and principal or Redemption Price or Amortization Installments shall be made by the Paying Agent (hereinafter defined) to such person who, on a special record date which is fixed by the Trustee, which shall be not more than fifteen (15) and not less than ten (10) days prior to the date of such proposed payment, appears on the registration books of the Bond Registrar as the registered Owner of this Bond. Upon a Determination of Taxability (as defined in the Supplemental Indenture), the interest rate

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shall be subject to adjustment pursuant to Section 203 of the Supplemental Indenture to the Taxable Rate, as set forth in the Supplemental Indenture and the District shall pay to the Owner certain additional amounts pursuant to such Section 203. Any payment of principal or Redemption Price shall be made to such person who appears on the registrat ion books of the Bond Registrar as the registered Owner of this Bond at the close of business on the fifteenth (15th) day of the calendar month next preceding such payment or, if such day is not a Business Day, on the Business Day immediately preceding such day. Payment of interest shall be made by check or draft (or by wire transfer to the registered Owner set forth above if such Owner requests such method of payment in writing on or prior to the regular Record Date for the respective interest payment to such account as shall be specified in such request). Interest on this Bond will be computed on the basis of a 360-day year comprised of twelve
thirty (30) day months. Presentment of this Bond shall not be required for payment of principal or interest so long as the Bank (as defined in the Supplemental Indenture) is the registered Owner thereof; provided, however, that upon any partial redemption of this Bond in accordance with the Indenture, such portion of this Bond so redeemed shall be cancelled without physical surrender of this Bond by the registered Owner thereof. Records of all such redemptions shall be maintained by the Bond Registrar and shall be the basis for the principal amount of th is Bond actually Outstanding at any given time. Capitalized terms used herein and not otherwise defined shall have the same meaning as set forth in the hereinafter defined Indenture.
This Bond is a duly authorized Bond of the District designated "Lake Ashton II Community Development District Capital Improvement Revenue Refunding Bond, Series 2021" in the principal amount of $3,575,000 (the "Series 2021 Bond") issued under a Master Trust Indenture, dated as of August 1, 2005 (the "Master Indenture"), between the District and U.S. Bank National Association, Orlando, Florida, as successor in trust to Wachovia Bank, National Association, trustee (the "Trustee"), as supplemented by a Third Supplemental Trust Indenture, dated as of August 1, 2021 (the "Supplemental Indenture" and together with the Master Indenture, the "Indenture"), between the District and the Trustee. The District will apply the proceeds of the Series 2021 Bond, together with other funds of the District, to (i) currently refund and redeem all of the Outstanding principal amount of the District's Capital Improvement Revenue Bonds, Series 2005A, (ii) pay certain costs associated with the issuance of the Series 2021 Bond, and (iii) pay a portion of the interest to become due on the Series 2021 Bond.
NEITHER THIS BOND NOR THE INTEREST AND PREMIUM, IF ANY, PAYABLE HEREON SHALL CONSTITUTE A GENERAL OBLIGATION OR GENERAL INDEBTEDNESS OFTHE DISTRICT WITHIN THE MEANING OF THE CONSTITUTION AND LAWS OF FLORIDA. THIS BOND AND THE INTEREST AND PREMIUM, IF ANY, PAYABLE HEREON AND THEREON DO NOT CONSTITUTE EITHER A PLEDGE OF THE FULL FAITH AND CREDIT OF THE DISTRICT OR A LIEN UPON ANY PROPER'rY OF THE DISTRICT OTHER THAN AS PROVIDED IN THE INDENTURE. NO OWNER OR ANY OTHER PERSON SHALL EVER HAVE THE RIGHT TO COMPEL THE EXERCISE OFANY ADVALOREM TAXING POWER OFTHE DISTRICT OR ANY OTHER PUBLIC AUTHORITY OR GOVERNMENTAL BODY TO PAY DEBT SERVICE OR TO PAY ANY OTHER AMOUNTS REQUIRED TO BE PAID PURSUANT TO THE INDENTURE OR THE TERMS HEREOF. RATHER, DEBT SERVICE AND ANY OTHER AMOUNTS REQUIRED TO BE PAID PURSUANT TO THE INDENTURE OR THE TERMS HEREOF SHALL BE PAYABLE SOLELY FROM, AND SHALL BE SECURED SOLELY BY, THE

SERIES 2021 PLEDGED REVENUES AND THE SERIES 2021 PLEDGED FUNDS PLEDGED TO THE SERIES 2021 BOND, ALL AS PROVIDED HEREIN AND IN THE INDENTURE.

This Bond is issued under and pursuant to the Constitution and laws of the State of Florida, particularly Chapter 190, Florida Statutes, and other applicable provisions of law and pursuant to the Indenture, executed counterparts of which Indenture are on file at the corporate trust office of the Trustee. Reference is hereby made to the Indenture for the provisions, among others, with respect to the custody and application of the proceeds of the Series 2021 Bond issued under the Indenture, the collection and disposition of revenues and the funds charged with and pledged to the payment of the principal, Amortization Installments and Redemption Price of, and the interest on, the Series 2021 Bond, the nature and extent of the security thereby created, the covenants of the District with respect to the levy and collection of Series 2021 Assessments, the terms and conditions under which the Series 2021 Bond is or may be issued, the rights, duties, obligations and immunities of the District and the Trustee under the Indenture and the rights of the reg is tered Owner of the Ser ies 202 1 Bond and, by the acceptance of this Bond, the registered Owner hereof assents to all of the provisions of the Indent ur e. The Series 2021 Bond is secured by the Series 2021 Trust Estate. TheSupplemental Indenture does not authorize the issuance of any Additional Bonds ranking on parity with the Series 2021 Bond as to the lien and pledge of the Series 2021 Trust Estate.

The Series 2021 Bond is issuable only as a single registered bond without coupons in current interest form in the denomination of the then Outstanding principal amount (the "Authorized Denomination"). This Bond is tra nsferable by the registered Owner hereof or its duly authorized attorney at the designated corporate trust office of the Trustee in Orlando, Florida, as Bond Registrar (the "Bond Registrar"),subject to the restrictions set forth above and in the Supplemental Indenture, upon surrender of this Bond, accompanied by a duly executed instr ument of transfer in form and with guaranty of signa tur e reasonably satisfactory to the Bond Registrar, subject to such reasonable regulations as the District or the Bond Registrar may prescribe, and upon payment of any taxes or other governmental charges incident to such transfer. Upon any such transfer a new Bond, in the same principal amount as the Bond transferred, will be issued to the transferee. At the corporate trust office of the Bond Registrar in Orlando, Florida, in the manner and subject to the limitations and conditions provided in the Master Indenture and without cost, except for any tax or other governmental charge, this Bond may be exchanged for an equal principal amount of the Bond, in the Authorized Denomination and bearing interest at the same rate.

TheSeries 2021 Bond is not subject to redemption prior to maturity at the option of the District.

The Series 2021 Bond is subject to extraordinary mandatory redemption prior to maturity in whole or in parton any Redemption Date at the Redemption Price of one hundred percent (100%) of the princ ipal amount redeemed, without premium, together with accrued interest to the Redemption Date, from amounts, including Series 2021 Prepayments, required by the Inden ture to be deposited into the Series 2021 Prepayment Subaccount.

So long as the Series 2021 Bond is owned by the Bank, notice of redemption other than scheduled redemption, as to which no notice shall be required, shall be by written

transmission or Electronic Means to the Bank at the physical or electronic address of such registered Owner recorded on the bond register maintained by the Bond Registrar not less than ten (10) calendar days prior to the date of rede mption.

In the event that the Series 2021 Bond is no longer owned by the Bank, notice of each redemption of all or a portion of the Series 2021 Bond is required to be mailed by the Bond Registrar, postage prepaid, not  less than  thirty (30)  nor  more than forty-five (45) days prior to the date of redemption to the registered Owner of the Series 2021 Bond at the address of such registered Owner recorded on the bond register maintained by the  Bond Registrar.  On the date designated for redemption, notice having been given and money for the  payment of the Redemption Price being held by the Paying Agent, all as provided in the Inden ture,  the Ser ies 2021 Bond or such portion thereof so called for redemption shall become and be due and payable at the Redemption Price provided for the redemption of the Series 2021Bond or such portion thereof on such date,  interest on the  Series 2021 Bond or such  portion  thereof so called for redemption shall cease to accrue, the Series 2021 Bond or such  portion  thereof so called for redemption shall cease to be entitled to any benefit or security under  the Indenture and the Owner thereof shall have no rights in respect of the Series 2021 Bond or such portion thereof so called for redemption except to receive payments of the Redemption Price thereof so held by the Paying Agent. Further noticeof redemption shall be given by the Bond Regist ra r to certain registered securities depositories and information services as set forth in the Indent ure, but no defect in said further notice nor any failure to give all or any portion of such further notice shall in any manner defeat the effectiveness of a call for redemption if notice thereof is given as above prescribed.
The Owner of th is Bond shall have no right to enforce the provisions of the Indenture or to institute an action to enforce the covenants therein, or to take any action with respect to any Event of Default under the Indenture, or to institute, appear in or defend any suit or other proceeding with respect thereto, except as provided in the Indentur e.

In certain events, on the conditions, in the manner and with the effect set forth in the Indenture, the principal of the Series 2021 Bond then Outstanding under the Indenture may become and may be declared due and payable before the stated maturity thereof, with the interest accrued thereon.

Modifications or alte rations of the Master Indenture orof any indenture supplemental thereto may be made only to the extent and in the circumstances permitted by the Master Indenture.
Any moneys held by the Tru stee or any Paying Agent in trust for the payment and discharge of the Series 2021 Bond which remain unclaimed for two (2) years after the date when such Bond has become due and payable, either at its stated maturity date or by call for era lier redemption, if such moneys were held by the Trustee or any Paying Agent at such date, or for two (2) years after the dateof deposit of such moneys if deposited with the Trustee or Paying Agent after the date when such Bond became due and payable, shall be paid to the District, and thereupon and thereafter no claimant shall have any rights against the Paying Agent to or in respect of such moneys.

If the District deposits or causes to be deposited with the Trustee cash or Federal Securities sufficient to pay the principal or Redemption Price of the Series 2021 Bond

becoming due at maturity or by call for redemption in the manner set forth in the Indenture, together with the interest accrued to the due date, the lien of the Series 2021 Bond as to the Series 2021 Trust Estate shall be discharged, except for the rights of the registered Owner thereof with respect to the funds so deposited as provided in the Indenture.

This Bond shall have all the qualities and incidents, including negotiability, of investment securities within the meaning and for all the purposes of the Uniform Commercial Code of the State of Florida.

This Bond is issued with the intent that the laws of the State of Florida shall govern its construction.

All acts, conditions and things required by the Constitution and laws of the State of Florida and the resolutions of the District to happen, exist and be performed precedent to and in the issuance of this Bond and the execution of the Indenture, have happened, exist and have been performed as so required. This Bond sha ll not be valid or become obligatory for any purpose or be entitled to any benefit or security under the Indenture until it shall have been authenticated by the execution by the Trustee of the Certificate of Authentication endorsed hereon.

[Remainder of Page Intentionally Left Blank]

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IN WITNESS WHEREOF, Lake Ashton II Community Development District has caused this Bond to bear the signature of the Chairman of its Board of Supervisors and the official seal of the District to be impressed or imprinted hereon and attested by the signature of the Secretary to the Board of Supervisors.

Attest:	LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT

(SEAL)

10>1	,;,;o<

o'I>

k c:e iTIFICATE OF AUTHENTICATION

This Bond is one of the Bonds of the Series designated herein, described in the within­ mentioned Indenture.

U.S. BANK NATIONAL ASSOCIATION,

as	succe sor   in	trust	Bank, National

Date of Authentication:
September 1( 2021

CERTIFICATE OF VALIDATION

This Bond is one of a Series of Bonds which were validated by judgment of the Tenth Judicial Circuit of Florida, in and for Polk County rendered on May 20, 2005.

ABBREVIATIONS

The following abbreviations, when used in the inscription on the face of the within Bond, shall be construed as though they were written out in full according to applicable laws or regulations.

TEN COM as tenants in common TEN ENT as tenants by the entireties
JT TEN as joint tenants with the right of survivorship and not as tenants in common

UNIFORM TRANSFER MIN ACT - 	Custodian 	under Uniform
Transfer to Minors Act _  _ _  _	(Cust.)	(Minor)
(State)

Additional abbreviations may also be used though not in the above list.

ASSIGNMENT

For value received, the undersigned hereby sells, assigns and transfers unto

_ _ _

_ _ _

_ _ _ the within Bond and all rights thereunder, and hereby irrevocably

constitutes and appoints _ _ _

_ _ _

_ _ _ _

_ _ _

_ , attorney to transfer the said

Bond on the books of the District, with full power of substitution in the premises.

Dated:

Social Security Number or Employer:

Identification Number of Tra nsfere e:

Signature guaranteed:

NOTICE: Signature(s) must be guaranteed by an institution which is a participant in the Securities Transfer Agent Medallion Progra m (STAMP) or similar program.

NOTICE: The assignor's signature to this Assignment must correspond with the name as it appears on the face of the within Bond in every particular without alteration or any change whatsoever.

ESCROW DEPOSIT AGREEMENT

ESCROW DEPOSIT AGREEMENT (this "Agreement"), dated as of September 15, 2021, between LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT, a duly created and validly existing local unit of special purpose government (the "District"), and U.S. BANK NATIONAL ASSOCIATION (the "Escrow Agent"), a national banking association authorized to accept and execute trusts of the character herein set out, with its designated office located at 225 East Robinson Street, Suite 250, Orlando, Florida 32801, Attention: Corporate Trust Department.
WHEREAS, the District has heretofore issued, sold and delivered its Lake Ashton II Community Development District Capital Improvement Revenue Bonds, Series 2005A (the "Series 2005A Bonds") currently Outstanding in the aggregate principal amount of $3,740,000 (the Outstanding principal amount of such Series 2005A Bonds hereinafter referred to as the "Refunded Bonds") under and pursuant to the terms of a Master Trust Indenture, dated as of August 1, 2005 (the "Master Indenture"), from the District to U.S. Bank National Association, as successor in trust to Wachovia Bank, National Association, as trustee (the "Trustee"), as supplemented by a First Supplemental Trust Indenture, dated as of August 1, 2005 (the "First Supplemental Indenture" and together with the Master Indenture, the "Indenture"), from the District to the Trustee; and
WHEREAS, the District desires to currently refund such Refunded Bonds to achieve debt service savings; and
WHEREAS, the District has authorized the issuance, sale and delivery of its
$3,535,000 Lake Ashton II Community Development District Capital Improvement Revenue Refunding Bond, Series 2021 (the "Series 2021 Bond") pursuant to a Third Supplemental Trust Indenture, dated as of September 1, 2021, from the District to the Trustee to secure the issuance of the Series 2021 Bond  and to set forth the  terms of the Series 2021 Bond, a portion of the proceeds of which, together with certain other legally available moneys of the District, will be used to discharge the pledge of and lien of the Indenture in favor of the Owners of such Refunded Bonds; and

WHEREAS, the issuance of the Series 2021 Bond, the deposit of cash into an escrow deposit trust fund to be held by the Escrow Agent and the discharge of the pledge of and lien of the Indenture in favor of the Owners of such Refunded Bonds shall occur as a simultaneous transaction; and
WHEREAS, this Agreement is intended to effectuate such simultaneous transaction;

NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants hereinafter set forth, the parties hereto agree as follows:
SECTION 1.	PREAMBLES.	The District represents that the recitals stated above are true and correct and the same are incorporated herein.
SECTION 2.	RECEIPT	OF	INDENTURE	AND	VERIFICATION
REPORT. The Escrow Agent hereby acknowledges receipt of true and correct copies of the Indenture and this Agreement. The applicable and necessary  provisions of the Indenture, including, without limitation, Articles III and XII of the Master Indenture, are incorporated herein by reference. The Escrow Agent also acknowledges receipt of the final numbers (the "Final Numbers") prepared by MBS Capital Markets, LLC, showing its calculations of the amount needed to refund the Refunded Bonds at the Redemption Price as set forth in the Final Numbers, as verified by the verification report of Causey, Demgen & Moore, P.C., a firm of independent certified public accountants, dated September 15, 2021 (the "Verification Report"). The Escrow Agent has no responsibility for the production, review or accuracy of either the Final Numbers or the Verification Report. All capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in the Indenture.
SECTION 3.	DISCHARGE OF LIEN OF OWNERS OF REFUNDED
BONDS. In accordance with Articles III and XII of the Master Indenture, simultaneously herewith, the lien of the Indenture and all covenants, agreements  and other obligations of the District to the Owners of the Refunded Bonds shall cease, terminate and become void and be discharged and satisfied.
SECTION 4.	ESTABLISHMENT OF ESCROW FUND. There is hereby
created and established with the Escrow Agent a special,  segregated  and irrevocable escrow deposit trust fund designated the "Lake Ashton II Community Development District Capital Improvement Revenue Bonds, Series 2005A Escrow Deposit Trust Fund" (the "Escrow Fund"). The Escrow Fund shall be held in the custody of the Escrow Agent as a trust fund for the benefit of the Owners of the Refunded Bonds, separate and apart from other funds and accounts of the District and the Escrow Agent. The Escrow Agent hereby accepts the Escrow Fund and acknowledges the receipt of and deposit to the credit of the Escrow Fund the sum of
$3,348,455.76 received from the District from proceeds of the Series 2021 Bond (the "Bond Proceeds") and the sum of $483,122.30 received from the District from other available funds (the "District Moneys"), consisting of $92,770.05 transferred from the 2005 Revenue Account, $92,557.40 transferred from the 2005A Prepayment Subaccount, $34,592.14 transferred from the Deferred Costs Subaccount of the 2005 Acquisition and Construction Account and $263,202.71 transferred from the 2005A Reserve Account.

SECTION 5.	DEPOSIT   OF   MONEYS   IN ESCROW  FUND.	The
District hereby directs, and the Escrow Agent acknowledges, that the Bond  Proceeds and the District Moneys deposited with the Escrow Agent pursuant to Section 4 above (the "Cash Deposit") shall be held in the Escrow Fund uninvested in cash and neither the District nor the Escrow Agent shall otherwise invest  or  reinvest any moneys in the Escrow Fund.
SECTION 6. SUFFICIENCY OF CASH DEPOSIT. In reliance upon the Final Numbers and the Verification Report, the District represents that the Cash Deposit is sufficient such that moneys will be available to the Escrow Agent in amounts sufficient and at the times required to pay the amounts of principal of, redemption premium, if any, and interest due and to become due on the Refunded Bonds as described in Schedule A attached hereto. If the Cash Deposit shall be insufficient to make such payments, the District shall timely deposit to the Escrow Fund, solely from legally available funds of the District, such additional amounts as may be required to pay the Refunded Bonds as described in Schedule A attached hereto. Notice of any insufficiency shall be given by the Escrow Agent to the District as promptly as possible, but the Escrow Agent shall in no manner be responsible for the District's failure to make such deposits.
SECTION 7.	CASH	DEPOSIT	IN	TRUST	FOR	OWNERS	OF
REFUNDED BONDS. The deposit of the Cash Deposit in the Escrow Fund shall constitute an irrevocable deposit of cash in trust solely for the payment of the principal of, redemption premium, if any, and interest on the Refunded Bonds at such times and in such amounts as set forth in Schedule A attached hereto, and the Cash Deposit shall be used solely for such purpose.
SECTION 8.	ESCROW AGENT TO PAY REFUNDED BONDS FROM
ESCROW FUND. The District hereby directs, and the Escrow Agent hereby agrees, that it will take all actions required to be taken by it under the provisions of the Indenture, including the timely transfer of, but solely from funds on deposit in the Escrow Fund, money to the Paying Agent for the Refunded Bonds as provided in the Indenture, in order to effectuate this Agreement and to pay the Refunded Bonds in the amounts and at the times provided in Schedule A attached hereto. The Cash Deposit shall be used to pay the principal of, redemption premium, if any, and interest on the Refunded Bonds as the same may mature or be redeemed. If any payment date shall be a day on which either the Paying Agent for the Refunded Bonds or the Escrow Agent is not open for the acceptance or delivery of funds, then the Escrow Agent shall transfer moneys to the Paying Agent on the next business day. The liability of the Escrow Agent for the payment of the principal of, redemption premium, if any, and interest on the Refunded Bonds pursuant to this Agreement shall be limited to the application of the Cash Deposit available for such purposes in the Escrow Fund.

SECTION 9.	ESCROW FUND SHALL CONTINUE IN EFFECT. The
Escrow Fund shall continue in effect until the date upon which the Escrow Agent makes the final payment to the Paying Agent for the Refunded Bonds in an amount sufficient to pay the Refunded Bonds as described in Schedule A attached hereto, whereupon the Escrow Agent shall transfer all remaining money in the Escrow Fund, if any, to the District.
SECTION 10.  REDEMPTION  OF REFUNDED BONDS.	The District
hereby irrevocably instructs the Escrow Agent, in its capacity as Trustee, to give or cause to be given at the appropriate times the notice or notices required by the Indenture in connection with the redemption of the Refunded Bonds in accordance with Schedule A attached hereto, in the form customarily used by the Trustee for such notices.
SECTION 11.  DEFEASANCE  OF REFUNDED BONDS.	Concurrently
with the deposit of the Cash Deposit set forth in Section 4 hereof, the District represents that, in reliance upon the Verification Report, the Refunded Bonds shall be deemed to have been paid within the meaning and with the effect expressed in Article XII of the Master Indenture. The District hereby irrevocably instructs the Escrow Agent, in its capacity as Trustee, to give or cause to be given the notice or notices required by the Indenture in connection with the defeasance of the Refunded Bonds. A form notice of defeasance is attached hereto as Schedule B.
SECTION 12.   ESCROW  FUND  IRREVOCABLE.	The Escrow Fund
hereby created shall be irrevocable and the Owners of the Refunded Bonds shall have an express lien on the Cash Deposit deposited in the Escrow Fund pursuant to the terms hereof and any interest earnings thereon until paid out, used and applied  in accordance with this Agreement and the Indenture. Neither the District nor the Escrow Agent shall cause nor permit any other lien or interest whatsoever to be imposed upon the Escrow Fund.
SECTION 13.   AMENDMENTS  TO  AGREEMENT.	This Agreement is
made for the benefit of the District and the Owners from time to time of the Refunded Bonds and it shall not be repealed, revoked, altered or amended without the written consent of all such Owners and the written consent of the Escrow Agent and the District; provided, however, that the District and the Escrow Agent may, without the consent of, or notice to, such Owners, enter into such agreements supplemental to this Agreement as shall not adversely affect the rights of such Owners and as shall not be inconsistent with the terms and provisions of this Agreement, for any one or more of the following purposes:
to cure any ambiguity or formal defect or omission in this Agreement;

to grant, or confer upon, the Escrow Agent for the benefit of the Owners of the Refunded Bonds, any additional rights, remedies,

powers or authority that may lawfully be granted to, or conferred upon, such Owners or the Escrow Agent; and
to subject to this Agreement additional funds, securities or properties.

The Escrow Agent shall be entitled to rely exclusively upon an unqualified opinion of nationally recognized Bond Counsel with respect to compliance with this Section 13, including the extent, if any, to which any change, modification or addition affects the rights of the Owners of the Refunded Bonds, or that any instrument executed hereunder complies with the conditions and provisions of this Section 13.
SECTION 14.   FEES	AND	EXPENSES	OF	ESCROW	AGENT;
INDEMNIFICATION. In consideration of the services rendered by the Escrow Agent under this Agreement, the District has paid to the Escrow Agent a one-time fee and expenses, receipt of which is hereby acknowledged. The Escrow Agent shall have no lien whatsoever upon the Cash Deposit in said Escrow Fund for the payment of such fees and expenses. To the extent permitted by law and without waiving any privileges or immunities afforded to the District under Florida law, the District further agrees to indemnify and save the Escrow Agent, its agents and employees, harmless against any liabilities, obligations, losses, damages, penalties, claims, actions, suits, costs, expenses and disbursements of whatsoever kind or nature, which it may incur in the exercise and performance of its powers and duties hereunder, including legal expenses, and which are not due to its gross negligence  or willful misconduct. This Section 14 shall survive the termination of this Agreement, or, as to the Escrow Agent, its resignation or removal.
Whenever the Escrow Agent shall deem it necessary or desirable that  a matter be proved or established prior to taking, suffering or omitting any action under this Agreement, such matter may be deemed to be conclusively established by a certificate signed by an authorized officer of the District. The Escrow Agent may conclusively rely, as to the correctness of statements, conclusions and opinions therein, upon any certificate, report, opinion or other document furnished to the Escrow Agent pursuant to any provision of this Agreement; the Escrow Agent shall be protected and shall not be liable for acting or proceeding, in good faith, upon such reliance; and the Escrow Agent shall be under no duty to make any investigation or inquiry as to any statements contained or matters referred to in any  such  instrument. The Escrow Agent may, at the expense of the District, consult with counsel, who may be counsel to the District or independent counsel, with regard to legal questions, and the opinion of such counsel shall be full and complete authorization and protection in respect of any action taken or suffered by it hereunder in good faith in accordance herewith. Prior  to  retaining  such independent counsel, the Escrow Agent shall notify the District of its intention to retain counsel.

The Escrow Agent and its successors, agents and servants shall not be held to any personal liability whatsoever, in tort, contract or otherwise, by reason of the execution and delivery of this Agreement, the establishment of the Escrow Fund,  the acceptance and disposition of the various moneys and funds described herein, any payment, transfer or other application of funds by the Escrow Agent in accordance with the provisions of this Agreement or any act that is not grossly negligent, omission or error of the Escrow Agent made in good faith in the conduct of its duties. The Escrow Agent shall, however, be liable to the District and to Owners of the Refunded Bonds to the extent of their respective damages for the gross negligence or willful misconduct of the Escrow Agent which violates or fails to comply with the terms of this Agreement; provided, however, the foregoing shall not include payment for special or consequential damages or damages caused by a party other than the Escrow Agent. The duties and obligations of the Escrow Agent shall be determined by the express provisions of this Agreement.
SECTION 15. REPORTING REQUIREMENTS OF ESCROW AGENT.
As soon as practicable after the Refunded Bonds are redeemed, the Escrow Agent shall forward in writing to the District a statement regarding the Escrow Fund, including the income, if any, earned therein and withdrawals of money therefrom, since the date of its establishment.
SECTION 16. RESIGNATION OR REMOVAL OF ESCROW AGENT.
The Escrow Agent, at the time acting hereunder, may at any time resign and be discharged from the duties and obligations hereby created by giving not less than 45 days' written notice to the District and mailing notice thereof, specifying the date when such resignation will take effect, to the Owners of all Refunded Bonds then Outstanding, but no such resignation shall take effect unless a successor Escrow Agent shall have been appointed by the Owners of a majority in aggregate principal amount of the Refunded Bonds then Outstanding or by the District as hereinafter provided and such successor Escrow Agent shall have accepted such appointment, in which event such resignation shall take effect immediately upon the appointment and acceptance of a successor Escrow Agent.
The Escrow Agent may be replaced at any time by an instrument or concurrent instruments in writing, delivered to the Escrow Agent and signed by either the District or the Owners of a majority in aggregate principal amount of the Refunded Bonds then Outstanding. Such instrument shall provide for the appointment of a successor Escrow Agent, which appointment shall occur simultaneously with the removal of the Escrow Agent.
In the event the Escrow Agent hereunder shall resign or be removed, or be dissolved, or shall be in the course of dissolution or liquidation, or otherwise become incapable of acting hereunder, or in case the Escrow Agent shall be taken under the control of any public officer or officers, or of a receiver appointed by a court, a successor may be appointed by the Owners of a majority in aggregate principal

amount of the Refunded Bonds then Outstanding by an instrument or concurrent instruments in writing, signed by such Owners, or by their attorneys in fact, duly authorized in writing; provided, nevertheless, that in any such event, the District shall appoint a temporary Escrow Agent to fill such vacancy until a successor Escrow Agent shall be appointed by the Owners of a majority in aggregate principal amount of the Refunded Bonds then Outstanding in the manner above provided, and any such temporary Escrow Agent so appointed by the District shall immediately and without further act be superseded by the Escrow Agent so appointed by such Owners. The District shall mail notice of any such appointment made by it at the times and in the manner described in the first paragraph of this Section 16.
In the event that no appointment of a successor Escrow Agent or a temporary successor Escrow Agent shall have been made by such Owners or the District pursuant to the foregoing provisions of this Section 16 within 45 days after written notice of resignation of the Escrow Agent has been given to the District, the Owner of any of the Refunded Bonds or any retiring Escrow Agent may apply to any court of competent jurisdiction for the appointment of a successor Escrow Agent, and such court may thereupon, after such notice as it shall deem proper, if any, appoint a successor Escrow Agent.
In the event of replacement or resignation of the Escrow Agent, the Escrow Agent shall have no further liability hereunder after such replacement or resignation and the District shall, to the extent permitted by applicable law and without waiving any privileges or immunities afforded to the District under Florida law, indemnify and hold harmless Escrow Agent from any such liability arising after such replacement or resignation, including costs or expenses incurred by Escrow Agent or its counsel.
No successor Escrow Agent shall be appointed unless such successor Escrow Agent shall be a corporation with trust powers organized under the banking laws of the United States or any state of the United States, and shall have at the time of appointment capital and surplus of not less than $50,000,000 or trust assets under management of not less than $500,000,000.
Subject to the immediately succeeding paragraph hereof, every successor Escrow Agent appointed hereunder shall execute, acknowledge and deliver to its predecessor and to the District an instrument in writing accepting such appointment hereunder and thereupon such successor Escrow Agent, without any further act, deed or conveyance, shall become fully vested with all the rights, immunities, powers, trusts, duties and obligations of its predecessor; but such predecessor shall nevertheless, on the written request of such successor Escrow Agent or the District, execute and deliver an instrument transferring to such successor Escrow Agent all the estates, properties, rights, powers and trust of such predecessor hereunder, except for the Escrow Agent's rights under Section 14

hereof; and every predecessor Escrow Agent shall deliver all securities and moneys held by it to its successor; provided, however, that before any such delivery is required to be made, all fees, advances and expenses of the retiring or removed Escrow Agent shall be paid in full.  Should any transfer, assignment or instrument  in writing from the District be required by any successor Escrow Agent for more fully and certainly vesting in such successor Escrow Agent the estates, rights, powers and duties hereby vested or intended to be vested in the predecessor Escrow Agent, any such transfer, assignment and instruments in writing shall, on request,  be executed, acknowledged and delivered by the District.
Any corporation into which the Escrow Agent, or any successor to it in the trusts created by this Agreement, may be merged or converted or with which it or any successor to it may be consolidated, or any corporation resulting from any merger, conversion, consolidation or reorganization to which the Escrow Agent or any successor to it shall be a party or any corporation to which the Escrow Agent or successor to it shall sell or transfer all or substantially all of its corporate trust business, shall be the successor Escrow Agent under this Agreement without the execution or filing of any paper or any other act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.
SECTION 17. TERMINATION OF AGREEMENT. Except as provided in Section 14 hereof, this Agreement shall terminate when all transfers and payments required to be made by the Escrow Agent under the provisions hereof shall have been made. Upon such termination and payment of all moneys set forth on  Schedule A attached hereto, all moneys remaining in the Escrow Fund shall be released to the District.
SECTION 18. GOVERNING LAW. This Agreement shall be governed by the applicable laws of the State of Florida.
SECTION 19. SEVERABILITY. If any one or more of the covenants or agreements provided in this Agreement on the part of the District or the Escrow Agent to be performed should be determined by a court of competent jurisdiction to be contrary to law, such covenant or agreement shall be deemed and construed to be severable from the remaining covenants and agreements herein contained and shall in no way affect the validity of the remaining provisions of this Agreement.
SECTION 20. COUNTERPARTS. This Agreement may be executed in several counterparts, all or any of which shall be regarded for all purposes as one original and shall constitute and be but one and the same instrument.
SECTION 21. NOTICES. Any notice, authorization, request or demand required or permitted to be given in accordance with the terms of this Agreement shall be in writing and sent by registered or certified mail addressed to:

If to the Escrow Agent:
U.S. Bank National Association 225 E. Robinson Street, Suite 250 Orlando, Florida 32801
Attention: Corporate Trust Department If to the District:
Lake Ashton II Community Development District
c/o Governmental Management Services – Central Florida, LLC 219 East Livingston Street
Orlando, Florida 32801 Copy to District Counsel:
Hopping Green & Sams P.A.
119 South Monroe Street, Suite 300
Tallahassee, Florida 32301 Attention: Sarah R. Sandy, Esquire
[Remainder of Page Intentionally Left Blank]

IN WITNESS WHEREOF, the pa1-ties hereto have made and executed this Escrow Deposit Agreemen t as of the date first written herein.

ATTEST:

LAl{E ASHTON II COMMUNITY DEVELOPMENT DISTRICT

U.S. BANK NATIONAL ASSOCIATION,
as Esc row Agent

SCHEDULE A DEBT SERVICE REQUIREMENTS FOR REFUNDED BONDS
(attached hereto)

Sep 9, 2021 10:41 am	(Finance 8.700 Lake Ashton II 2005 Refi:2021FNLR-2021,2021) Page 12

ESCROW REQUIREMENTS

LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT
Capital Improvement Revenue Refunding Bonds, Series 2021 (Polk County, Florida)
A Current Refunding of the Series 2005A Bonds [Hancock Bank Private Placement]
FINAL NUMBERS

Period Ending	
Interest	Principal Redeemed	
Total	
10/15/2021	91,578.06	3,740,000.00	3,831,578.06	
	91,578.06	3,740,000.00	3,831,578.06	

SCHEDULE B

FORM OF NOTICE OF DEFEASANCE

Lake Ashton II Community Development District (Polk County, Florida)
Capital Improvement Revenue Bonds, Series 2005A

Series		Amount Refunded		
Interest Rate		Maturity Date		
CUSIP*	
2005A		$3,740,000		5.375%		May 1, 2036		50750P AA9	

NOTICE IS HEREBY GIVEN that that there has been deposited with U.S. Bank National Association, as escrow agent (the "Escrow Agent") under the Escrow Agreement (hereinafter defined), cash which the District (hereinafter defined) has represented is sufficient to pay on October 15, 2021 (the "Redemption Date"), the Redemption Price and interest due and to become due on the above captioned Bonds (the "Defeased Bonds") on or prior to the Redemption Date, pursuant to the terms and provisions of a certain Escrow Deposit Agreement dated as of September 15, 2021 (the "Escrow Agreement"), by and among Lake Ashton II Community Development District (the "District") and the Escrow Agent.
The Defeased Bonds will be called for optional redemption on the Redemption Date at a Redemption Price of 100% of the principal amount thereof plus accrued interest to the Redemption Date.
The Defeased Bonds are deemed to have been paid within the meaning of Article XII of the Master Trust Indenture dated as of August 1, 2005 (the "Master Indenture") between the District and U.S. Bank National Association, as successor in trust to Wachovia Bank, National Association, as trustee (the "Trustee"), under which the Defeased Bonds were issued and are secured. This notice does not constitute a notice of redemption and no Bonds should be delivered to the District or its Paying Agent or the Trustee as a result of this publication.
The Trustee for the Defeased Bonds will provide notice of redemption in accordance with the provisions of the Master Indenture.
Dated:   September 15, 2021	U.S. BANK NATIONAL ASSOCIATION,
as Trustee

* Neither the District nor the Trustee is responsible for the use of CUSIP numbers, nor is any representation made as to their correctness.

Form8038•G
(Rev. September 2018)

Department of the Treasury Internal Re venueService

Information Return for Tax-Exempt Governmental Bonds

►

► Under Internal Revenue Code section 149(e)
See separate instructions.

►

Caution: If the issue price is under $100,000, use Form 8038-GC.
Go to www.irs.gov/F8038G for instructions and the latest information.

0MB No. 1545-0720

Reporting Authority
1 Issuer's name
Lake Ashton II Community Development District
3a Name of person (other than issuer) with whom the IRS may communicate about this return (see instructions)

If Amended Return, check here ►  D
2  Issuer's employer identification number (EIN)
20-2691109
3b Telephone number of other person shown on 3a

4 Number and street (or P.O. box if mail is not delivered to street address)
c/o Governmental Management Services-CF 219 East Livingston Street
6 City, town, or post office, state, and ZIP code
Orlando, Florida 32801
8 Name of issue
Capital Improvement Revenue Refunding Bond, Series 2021

Room /suite

5 Report number (For IRS Use Only)
3 C:0
7 Date of issue
September 15, 2021
9 CUSIP number
N/A

1Oa Name and title of officer or other employee of the issuer whom the IRS may call for more information (see instructions)

Jill Burns, District Manager

10b Telephone number of officer or other employee shown on 10a

407-841-5524

Type of Issue (enter the issue price). See the instructions and attach schedule.
Education .
Health and hospital
Transportation .
Public safety .
Environment (including sewage bonds)
Housing

►

Utilities
Other.  Describe	Assessable Capital Improvements	

11
12
13
14
15
16
17
18	00

19a
b
20

If bonds are TANs or RANs, check only box 19a  .	► □

►

If bonds are BANs, check  only  box 19b   .	► □
If bonds are in the form of a lease or installment  sale, check box	D
Description of Bonds. Complete for the entire issue for which this form is being filed.

Final maturity date	(b) Issue price	(c) Stated redemption price at maturity

Weighted average maturity

Yield

21	05/01/2036	$	$	8.0252
Uses of Proceeds of Bond Issue (including underwriters' discount)

years

2.3379 %

Proceeds used for accrued interest
Issue price of entire issue (enter amount from line 21, column (b))
Proceeds used for bond issuance costs (including underwriters' discount)
Proceeds used for credit enhancement .

24 	186,544	24
25 	0	00

 	0
3,535,000

Proceeds  allocated  to  reasonably  required  reserve  or replacement  fund	26 	o	oo
Proceeds used to refund prior tax-exempt  bonds. Complete Part V .	27 	3,348,455	76
Proceeds  used to  refund prior  taxable bonds.  Complete  Part V    .	28 	o	oo
Total (add lines 24 through 28) .
Nonrefunding proceeds of the issue (subtract line 29 from line 23 and enter amount here)
Description of Refunded Bonds. Complete this part only for refunding bonds.

 	3,535,000
OIOQ

Enter the remaining weighted average maturity of the tax-exempt  bonds to be refunded .	►
Enter  the remaining  weighted  average  maturity  of  the taxable bonds to be refunded     .	►
Enter  the last  date  on which  the refunded  tax-exempt  bonds  will be called (MM/DD/YYYY)	►

 	8.6305	years 
 	NIA	years 
 	10/15/2021	

Enter the date(s) the refunded bonds were issued ► (MM/DD/YYYY)	08/12/2005
For Paperwork Reduction Act Notice, see separate instructions.	Cat. No. 63773S	Form 8038-G (Rev. 9-2018)

...·

Form8038-G (Rev. 9-2018)
Miscellaneous
Enter the amount of the state volume cap allocated to the issue under section 141(b)(5)

►

36a Enter the amount of gross proceeds invested or to be invested in a guaranteed investment contr1:1ct (GIG). See instructions

►	 	

b     Enter the final maturity date of the GIC   (MM/DDIYYYY)	 	
C Enter the name of the GIG provider

35		

36a		

37		

37	Poo led financings : Enter the amount of the proceeds of this issue that are to be used to make loans to other governmental units	.	.

Pag e 2

38a	If this issueis a loan made from the proceeds of another tax-exempt issue, check box► D  and enter the following information:
b    Enter the date of the master pool bond►(MM/DD/YYYY)   	

►

c Enter the EIN of the Issuer of the master pool bond-► 	­
d	Enter the name of  the  issuer of  the master pool bond	- - - - - - - - - - - - - - - - - -

□

If   the     issuer has designated the issue under section 265(b)(3)(B)(i)(III) (small Issuer exception),  check box	► □

►

If thelssuer has elected to pay a penalty in lieu of arbitrage rebate, check box .   .	.    .    .  .   .	►
41a    If the issuer has Identified a hedge, check here	D and enter the following information:
b   Name of hedge provider►  	
c	Type of hedge►  	 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
d     Term of hedge►  	_________________
If the  issuer has superintegrated the hedge, check box  .    .     .    . .    .	► □
If the issuer has established Written procedures to ensure that all nonqualified bonds of this issue are remediated

►

according to the requirements under the Code and Regulations (see instructions), check box    .	►	D

►

If the issuer has established written procedures to monitor the requirements of section 148, check box .   .   .	D
45a     If some portion of  the proceeds was used to reimburse expenditures, check here	D and enter the amount

of reimbursement    .    .    .    .  .    .	.    .    .    .    .   .   .	--------------

►
b   Enter the date the official intent was ado  l ed► MM/DD/YYYY

Signature and Consent

Paid Preparer

Under penalties of perjury, I dech1re that I haveexamined thl'sretum and accompanying schedules and statements, and to the best of my Knowledge and beli f, they are true,correct, and complete. I further declare that I consent to the IRS's disclosure of the Issuer's return information, as necessary to proces his return, t t person that Ihaveatlthorlzed above.

►

09/15/2021	Jam e s Mecslcs, Chairman Type or print nama andtitle
Dale	Check O if PTIN
 	09/15/2021	se-lf employed	P02345725	

Use Only

    Firm's name ► Nabors Giblin & Nickerson
Firrns' address► 2502 Rock   Point Drive  Suite 1060 Tam  a  Florida  33607

Firm's EIN ►	59-2427540
Phone no.	813-281-2222
Form8038-G (Rev. 9-2018)

INSTR# 2021243156
BK 11897 Pgs 0258-0261 PG(s)4
09/17/2021 03:36:06 PM STACY M. BUTTERFIELD,
CLERK OF COURT POLK COUNTY RECORDING FEES 35.50

This instrument prepared by and return to:

Sarah R. Sandy, Esq.
HOPPING GREEN & SAMS, P.A.
119 South Monroe Street, Suite 300
Tallahassee, Florida 32301

LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT AMENDED AND RESTATED NOTICE OF SERIES 2021 ASSESSMENTS

This Notice amends and restates that certain Lien of Record of the  Lake  Ashton  II Community Development District, as recorded in the Polk County Official  Records  Book 6348, Page 1399.

PLEASE TAKE NOTICE that the Board of Supervisors of the Lake Ashton II Community Development District (the "District") in accordance with Chapters 170,  190, and  197, Florida Statutes, adopted Resolution Nos. 2005-26, 2005-27, 2005-28, and 2021-08, (collectively and as may be supplemented and/or amended, the "Assessment Resolutions") providing for, levying and setting forth the terms of non-ad valorem special assessments constituting a governmental lien on certain real property within the boundaries of the District that are specially benefitted by the improvements of the 2005 Project as described in the District's adopted Engineering Report, dated August 11, 2005 (the "Engineer's Report"). To refinance a portion of the costs of the 2005 Project, the District issued its Lake Ashton II Community Development District Capital Improvement Revenue Refunding Bonds, Series 2021, which is secured by the non-ad valorem assessments levied by the Assessment Resolutions (the "Series 2021 Assessments"). The legal description  of the lands on which said Series  2021 Assessments are imposed is attached to this Notice as Exhibit A. Copies of the Engineer's Report and the Assessment Resolutions may be obtained by contacting the District at:

Lake Ashton II Community Development District 219 E. Livingston Street
Orlando, Florida 32801
Ph.: 407-841-5524

The Series 2021 Assessments provided for in the Assessment Resolutions were legally and validly determined and levied in accordance with all applicable requirements of Florida law, and the Series 2021 Assessments constitute and will at all relevant times in the future constitute, legal, valid and binding first liens on the land against which assessed until paid, coequal with the lien of all state, county, district and municipal taxes, and superior in dignity to all other liens, titles and claims.
The District is a special-purpose form of local government established pursuant to and governed by Chapter 190, Florida Statutes. Pursuant to Section 190.048, Florida Statutes, you are hereby notified that: THE LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT MAY IMPOSE AND LEVY TAXES OR ASSESSMENTS, OR BOTH TAXES AND ASSESSMENTS, ON THIS PROPERTY. THESE TAXES AND ASSESSMENTS PAY THE CONSTRUCTION, OPERATION, AND MAINTENANCE COSTS OF CERTAIN PUBLIC FACILITIES AND SERVICES OF THE DISTRICT AND ARE SET ANNUALLY BY THE GOVERNING BOARD OF THE DISTRICT. THESE TAXES AND ASSESSMENTS ARE IN ADDITION TO COUNTY AND OTHER LOCAL GOVERNMENT AL TAXES AND ASSESSMENTS AND ALL OTHER TAXES AND ASSESSMENTS PROVIDED FOR BY LAW.

2

IN WITNESS WHEREOF, this Notice has been executed on the J.3 ctay of

    ,b.eao21, and recorded in the Official Records of Polk County, Florida.

LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT

 	av:
Ji \I &xc-._s 	
Print Name

    O	,:; ,\)\	---·-
Print 'f:'qame

STATE OF FLORIDA
COUNTYOF_f_o_u		_

The foregoing instrument was acknowled d before me by means of ,J.(physical presence or U online notarization, this day of r\1..J.U:  , 2021,  by  James  Mecsics,  as Chairman of Lake Ashton 11 Community Development District, who is either personally known
tome,orprodnced	.  .  . . ..	asid

Print Name:-------
Notary Public, State of Florida

Commission No.:	 		 My Commission Expires: 		_

3
Notice orSeries 2021 i\sscssmcnts

Exhibit A

Lots 1 thru  3, inclusive,  Lot 5,  Lots 7 thru  11, inclusive,  Lots  15 thru  18, inclusive,  Lot  20,  Lot
21, Lots 23 thru 27, inclusive, Lots 29 thru 35, inclusive, Lot 37, Lots 39 thru 42, inclusive, Lots
44  thru 46,  inclusive, Lots 50 thru 52, inclusive, Lot 54, Lot 55, Lots 57 thru 61, inclusive, Lot
63,  Lot 64, Lot 68, Lots 70 thru 73, inclusive, Lot 77, Lots 79 thru 82, inclusive, Lot 84, Lot 88,
Lots 90 thru 92, inclusive, Lots 94 thru 96, inclusive, Lots 98  thru 101, inclusive, Lots 103 thru
107, inclusive, Lots 109 thru 112, inclusive, Lot 114, Lot 115, Lots 117 thru 119, inclusive,  Lot
121, Lots 123 thru 125, inclusive, Lot 127, Lots 129 thru  142, inclusive, Lot 144, Lots 147 thru
149, inclusive,  Lots 151 thru  156, inclusive,  Lots 158 thru  162, inclusive,  Lots  164 thru 169,
inclusive,  Lots  172  thru  179,  inclusive,  Lots  181  thru  185,  inclusive,  Lots  187  thru  190,
inclusive, Lots 193 thru 198, inclusive, Lot 200, Lot 201, Lots 203 thru 206, inclusive, Lots 208
thru 223, inclusive, Lots 225 thru 230, inclusive, Lot 232, Lot 234, Lots 236 thru 239, inclusive,
Lots 241 thru 261, inclusive, Lot 263, Lot 264, Lots 266 thru 269, inclusive, Lots 272 thru 275,
inclusive, Lots 277 thru 279, inclusive, Lots 281 thru 285, inclusive, Lot 287, Lots 289 thru 293,
inclusive,  Lot 296, Lots  298 thru  303, inclusive,  Lot 308, Lot 309, Lot 311, Lot 312, Lots 315
thru 319, inclusive,  Lot 323, Lot 324, Lot  326, Lot 327, Lots 329 thru 331, inclusive,  Lot  334,
Lot 335, Lot 337, Lot 338, Lot 340, Lot 341, Lot 343, and Lots 345 thru 350, inclusive, LAKE ASHTON WEST PHASE 1, according to the plat thereof as recorded in Plat Book 138, Page 11, of the Public Records of Polk County, Florida.

Lots 1205 thru 1208, inclusive, and Lots 1211 thru 1215, inclusive, LAKE ASHTON WEST ATLEE ADDITION PHASE I, according to the plat thereof as recorded in Plat Book 153, Page 12, of the Public Records of Polk County, Florida.

Lots 1218 thru 1224, inclusive, Lots 1226 thru 1228, inclusive, Lots 1231 thru 1236, inclusive,
Lots 1238 thru 1241, inclusive, Lots 1243 thru 1250, inclusive, Lots 1252 thru 1259, inclusive, Lot 1262, and Lot 1263, LAKE ASHTON WEST ATLEE ADDITION PHASE II, according to
the plat thereof as recorded in Plat Book 154, Page 36, of the Public Records of Polk County, Florida.

4

July 13, 2021

Lake Ashton II Community Development District C/O MBS Capital Markets, LLC
Attn: Rhonda Mossing 1005 Bradford Way Kingston, TN 37763

Dear Rhonda:

Hancock Whitney Bank (“Bank”) is pleased to propose to you the following financing on the general terms and conditions outlined below. The proposed terms are as follows:

BORROWER:	Lake Ashton II Community Development District
LOAN AMOUNT:	$3,720,000.00

LOAN TYPE:	Tax-Exempt, Bank Qualified Term Loan

PURPOSE:	Refund all of its outstanding Capital Improvement Revenue Bonds, Series 2005A

REPAYMENT:	Annual principal payments with semi-annual interest payments

INTEREST RATE:	Serial Bond with an average Coupon of 2.363% and Tax Equivalent Yield of 2.865%.

MATURITY:	May 1, 2036

COMMITMENT FEE:	N/A

COLLATERAL:	Pledge of Non-advalorem special assessment on 314 assessable units within the District, including, without limitation, amounts received from any foreclosure proceeding for the enforcement of collection of such assessments or, if applicable, from the issuance and sale of tax certificates with respect to such assessments.

GUARANTOR:	N/A

DEPOSIT RELATIONSHIP:	Borrower to maintain its primary operating account with Hancock Whitney Bank for the term of the Loan.

Lake Ashton II Community Development District C/O MBS Capital Markets, LLC
Attn: Rhonda Mossing July 13, 2021
Page 2

MAXIMUM ANNUAL
DS RESERVE ACCOUNT	N/A

PREPAYMENT PENALTY:	The proposed Series 2021 Bonds will be non-callable. Property owners will be allowed to prepay their assessments at any time during the term of the loan.

COSTS:	Standard and reasonable costs related to this loan transaction are the responsibility of the Borrower.

ADDITIONAL COVENANTS
AND CONDITIONS:	Receipt and satisfactory review by Hancock Whitney Bank-engaged legal counsel of the legal documentation provided by the Bond Counsel engaged in this transaction. Bond Counsel Opinion to include, among other required information, that the form of the proposed Bonds is regular and proper  to  include an opinion as to tax exemption and enforceability.

Receipt and satisfactory review of the Supplemental Drafts to the Master Trust Indenture for the proposed refunding. The Supplemental Drafts to the Master Trust Indenture will mirror, in all material aspects, the covenants, requirements, agreements, remedies, etc. of the existing Master Trust Indenture with no material deviation that will negatively affect the position of Hancock Whitney Bank.

Receipt and satisfactory review of the Series 2021 Bonds Report utilizing the agreed upon terms (loan amount, interest rate, payment schedule, etc.)

FINANCIAL REPORTING:	On an annual basis, within 270 days of the Fiscal year end, a copy of the audited financial statements for the Borrower.

On annual basis, within 90 days of the Fiscal year end, a copy of an internally prepared financial statement for the Borrower.

Failure to provide the financial statements and reports as provided in the preceding paragraphs, after three (3) Business Days' written notice to the District, the District Manager and Counsel to the District, with a copy to the Trustee, shall constitute a "Financial Covenant Reporting Failure." Upon the occurrence of a Financial Covenant Reporting Failure Hancock Whitney Bank may enforce the provisions of this section by action in mandamus or for specific performance, to compel performance of the District’s financial reporting obligations under this section. A Financial Covenant Reporting Failure under this section shall not constitute an Event of Default under the Master Indenture.

TAX EXEMPT STATUS:	In the event this Loan is deemed to no longer be tax exempt, then in such event Borrower shall also pay to Bank, at the time such interest is paid all additional

Lake Ashton II Community Development District C/O MflS Capital Markets, LLC
/\ tt n : Hhonc!a Mossing July 13, 20 21
f>age 3

amounts which Bank sp eci fies as necessary to preserve the after -tax yield that
!lan would have received at each Interest payment date had the loan remained tax exempt.
The Borrower agrees to pay, and indemnify Bank with respect to, a,w p r esent or future stamp or documentary taxes, or any other  excise  or  property  taxes, charges or similar levies which arise from any payment made under this Loan or
from the execution, delivery or registration of, or otherwise with respect to this Loan or any agreement or inst rumen t required by, or executed or delivered in connect(on with, this Loan.

This letter is not a commitn1ent to lend, either expressed or impl ied, and does not impose any obligation on Hancock Whitney 13ank to issue a commitment or to make the Loc1n. The terms and conditions outlined herein are not all -inclusive , but merely reflect the parties' discussions to dt1te and are subject to change upon receipt of all requested information.  The issuance of  a commitment to make the Loan is subject  to full underwriting, due diligence, documentation anc! approval.

After your review of the above, please ca,ll  ne  at (941) 714-3323 or email Andres.H1i1con@l1ancockwhitney  .com, with any questions or comments you may have prior to your decision.

Kindly execute a copy of this letter and return it to my attention at Hancock Whitney l3ank, 4770 S.R. 64 East, Bradenton, FL 3'1208 on or before July 30, 2021. The closing is to take place on or before August 31, 2021.

Thank you for allowing us the opportunity to provide this loan proposal letter to you. We look forward to working with you.

Sincer ely,

Andres Rincon

-----	--

-¾4s\'"	,

Senior Vice President

Accepted on this	Jay of	2021.

Lake Ashton II Community Development District

SECTION C

RESOLUTION 2022-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT TO RE- DESIGNATE DATE, TIME, AND PLACE OF PUBLIC HEARING AND AUTHORIZATION TO PUBLISH NOTICE OF SUCH HEARINGS FOR THE PURPOSE OF ADOPTING RATES, FEES, AND CHARGES FOR THE DISTRICT’S AMENITIES; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Lake Ashton II Community Development District (the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes (the “Act”), being situated entirely within the City of Winter Haven, Polk County, Florida; and

WHEREAS, the District’s Board of Supervisors (“Board”) is authorized by Section 190.011(5), Florida Statutes, to adopt revised rules and orders pursuant to Chapter 120, Florida Statutes; and

WHEREAS, the Act also authorizes the Board to adopt revised rules setting amenity rates, fees, and charges pursuant to Chapter 120, Florida Statutes.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. A public hearing will be held to adopt revised Rules for the District – Chapter III: Fees for Use of District Facilities and Services of the District on Friday, November 19, 2021 at 9:00 a.m., at the Lake Ashton II Health & Fitness Center, 6052 Pebble Beach Blvd., Winter Haven, Florida 33884.

SECTION 2. The District Secretary is directed to publish notice of the hearings in accordance with Section 120.54, Florida Statutes.

SECTION 3. This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED this 15thth day of October 2021

ATTEST:	LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Vice/Chairperson, Board of Supervisors

CHAPTER III:
Lake Ashton II Community Development District
Rule for Amenities Rates

Law Implemented: ss. 190.011, 190.035, Fla. Stat. (2018)
Effective Date:  November 19, 2021

In accordance with Chapters 190 and 120 of the Florida Statutes, and on November 19, 2021, at a duly noticed public meeting and after a duly noticed public hearing, the Board of Supervisors of the Lake Ashton II Community Development District adopted the following rules to govern rates for the District’s Amenity Facilities, which shall include, but not specifically limited to, the Lake Ashton Health and Fitness Center. All prior rules of the District governing this subject matter are hereby rescinded.

Introduction. This rule addresses various rates, fees and charges associated with the Amenities owned and managed by the Lake Ashton II Community Development District.

Definitions. The following definitions shall apply  to  this  Chapter  III:  Rules  for  Amenities Rates. All capitalized terms not otherwise defined herein have the definitions ascribed to them in the District’s Amenities Facilities Policies.

“Amenities Facilities Policies” shall mean the Amenity Facilities Policies of Lake Ashton II Community Development District, as amended from time to time.

“District” shall mean the Lake Ashton II Community Development District.

“Fee Schedule” shall collectively refer to the fees and rates set by these Rules for Amenities Rates.

“HFC” shall mean the Lake Ashton Health and Fitness Center.

“Rules for Amenities Rates” shall mean this Chapter III: Rules for Amenities Rates, as may be amended from time to time, of the Lake Ashton II Community Development District.

Rental Rates. Any Patron or Non-Resident wishing to rent the following portions of the Amenity Facilities must pay the appropriate fee and submit a security deposit in the amounts set forth below:

Area / Service	Patron Rate & Deposit	Non-Resident Rate & Deposit	
Rental of HFC Community Center Room

May - October	Free	$1,250

$0 to $750 refundable facility damage deposit	

Rental of HFC Community Center Room

November – April	Free	$1,500

$0 to $750 refundable facility damage deposit	
Rental of Rose Garden	Free	$0 to $200 regardless of the number of attendees

$0 to $500 refundable facility damage deposit	
Rental of All Other HFC Meeting Room, Space, or Facility (Kitchen, Poker, Card, Craft, Sports Court, Media Center,
Garden Area, and Billiard Room)	Free	$0 to $150 regardless of the number of attendees

$0 to $500 refundable facility damage deposit	

Entrance Gate Opener
Item	Patron Fee (as established at the discretion of the Amenity Manager)	
Patron	$0 - $70/gate opener	

Clerical Fees; Service Fees.

Area / Service	Patron Rate & Deposit	Non-Resident Rate & Deposit	
Copies	$.05/page for black and white ink on white paper
$.10/page for black and white ink on color paper
$.25/page for color ink	N/A	
Local of Toll-Free Facsimiles	$1 for the first page + $.25/each additional page	N/A	
Long-Distance Facsimiles	$2 for the first page + $.25/each additional page	N/A	
International Facsimiles	$6 for the first page + $4/each additional page	N/A	
Incoming Facsimiles	$.25/page	N/A	
Laminating	$5/page	N/A	
Quarterly Resident Directory	$2/printed copy	N/A	
Propane Replacement for Grills	$10/propane tank replacement	N/A	
Reserve Tables at events	$10/table set up – one table per Resident or Non-Resident	N/A	
Sponsorship Fee	$0 - $5,000 per event	$0 - $5,000 per event	
Newsletter Advertisement	$0 - $500 per page	$0 - $500 per page	
Security	Resident and Non-Resident Events	51-150 non-residents attending -
$25/hour
151 or more non-residents attending-
$50/hour	

Security Deposits. All required deposits shall be paid in advance of the event in accordance with the District’s Amenity Facilities Policies or, if none provided, as determined by the Amenity Manager. The Amenity Manager and any Non-Resident renter shall coordinate and participate in pre- and post-event inspections of any rented Amenity Facility. The refunding of the Deposit, if any, shall not occur until the District representative has verified that the rented

Amenities Facility is in the same or better condition than indicated on the pre-inspection checklist.

Resident Programs, Activities, Services and Goods Fees. A wide variety of programs, activities, services and goods are offered by the District. The fees for these will be based on market rates ranging from $0 to $100/person as determined by the Amenity Manager.

Rental for Memorial Service. No rental fees shall be charged to a Patron using the Amenity Facilities for purposes of a memorial service.

Rental by Governmental Entity. No rental fees shall be charged to a governmental entity using the Amenity Facilities for public safety purposes or for use as a polling location.

Rental by Approved Recreational Clubs or Homeowner’s Associations. The District’s Board has determined that the purpose of the Amenity Facilities is to provide a facility for recreational activities and, in furtherance of that stated purpose, desires to offer free or reduced rates for rental of the HFC Community Center Room or any other HFC meeting room, space, or facility by (i) valid recreational clubs or organizations approved by the District (as determined in the District’s Amenity Facilities Policies) (“Clubs”), (ii) Not-for-Profit (Charitable) organizations (“Charities”); (iii) revenue generating events (“Revenue Generating Events”) or (iv) homeowners associations serving the community within the District (“HOA”). The following fees and rates shall apply to such events:

Event Type	Type of Fee/Rate	Amount	
Regular Club or HOA Event	Rental of any Amenity Facility	Free if all persons in attendance are Patrons.

Events with both Patrons and Non- Residents in attendance:
For 0-49 Non-Residents attend: $0 -
$25
For 50+ Non-Residents attend: $375	
Charity Event	Rental of any Amenity Facility	$100

Charity must be a fully registered 501(c)(3) organization recognized by the U.S. IRS.	
Tournaments, Competitions, or Award Banquets by Club or HOA	Rental of any Amenity Facility	$0	
Revenue Generating Event (for both Patrons/Non-Residents)	Rental of HFC Community Center, Kitchen, and Garden	$150 for set up/take down of a weekday event
$250 for set up/take down of a weekend event

Damage deposit $500	
Revenue Generating Event (for both Patrons/Non-Residents)	Rental of All Other HFC Meeting Room, Space, or Facility (Poker, Card, Craft, Sports Court, Media Center, and Billiard Room)	$25/hour for set up/take down (free if no set up/take down required)

Damage deposit $250	
District Event	Admission fees for District hosted events	$0 to $100 per attendee (Patron or Non- Resident), based on market rates as determined by the Amenity Manager	

Special Provisions for Rental Events. The District may in its sole discretion require additional staffing, insurance, cleaning, security (private or off-duty law enforcement) or other service for any given event, and, if so, may charge an additional fee for the event equal to the cost of such staffing, insurance, cleaning, security (private or off-duty law enforcement) or service plus up to an additional fifteen percent (15%), which amount may be increased or decreased based upon the prevailing market rates. Unless identified herein, no other amenities or facilities of the District may be rented.
Nonrefundable; Adjustment of Rates. All fees shall be non-refundable after receipt by the District except when notice of cancellation is received at least six (6) months in advance of the reserved date; provided however, exceptions to the refund policy may be made from time to time, in the District’s sole discretion, if the District is able to re-rent the facility. The Amenities Manager has authority to establish fees within the ranges set forth herein. Further, the Board may adjust by resolution adopted at a duly noticed public meeting any of the fees set forth herein by not more than ten percent (10%) per year to reflect actual costs of operation of the amenities, to promote use of the amenities, or for any other purpose as determined by the Board to be in the best interests of the District. The Board may also in its discretion authorize discounts.
Prior Rules. Any prior rules setting amenities rates are hereby rescinded to the extent such rules are in conflict with the rules set forth herein.
Severability. The invalidity or unenforceability of any one or more provisions of this rule shall not affect the validity or enforceability of the remaining portions of this rule, or any part of this rule not held to be invalid or unenforceable.

SECTION E

SECTION 1

LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT
POLK COUNTY, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2020

LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT POLK COUNTY, FLORIDA

TABLE OF CONTENTS

	    Page		
INDEPENDENT AUDITOR’S REPORT	1-2	
MANAGEMENT’S DISCUSSION AND ANALYSIS	3-6	
BASIC FINANCIAL STATEMENTS		
Government-Wide Financial Statements:		
Statement of Net Position	7	
Statement of Activities	8	
Fund Financial Statements:		
Balance Sheet – Governmental Funds	9	
Reconciliation of the Balance Sheet – Governmental Funds
to the Statement of Net Position	
10	
Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Funds	
11	
Reconciliation of the Statement of Revenues, Expenditures and Changes in
Fund Balances of Governmental Funds to the Statement of Activities	
12	
Statement of Net Position – Proprietary Fund	13	
Statement of Revenues, Expenses and Changes in Net Position – Proprietary Fund	14	
Statement of Cash Flow – Proprietary Fund	15	
Notes to the Financial Statements	16-26	
REQUIRED SUPPLEMENTARY INFORMATION		
Schedule of Revenues, Expenditures and Changes in Fund Balances –
Budget and Actual – General Fund	
27	
Notes to Required Supplementary Information	28	
INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS	

29-30	
INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10)
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	

31	
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
32-34	

INDEPENDENT AUDITOR’S REPORT

To the Board of Supervisors
Lake Ashton II Community Development District Polk County, Florida

Report on the Financial Statements

951 Yamato Road ▪ Suite 280 Boca Raton, Florida  33431 (561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

We have audited the accompanying financial statements of the governmental activities, the business-type activities, and each major fund of Lake Ashton II Community Development District, Polk County, Florida (“District”) as of and for the fiscal year ended September 30, 2020, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.

Management’s Responsibility for the Financial Statements

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

Auditor’s Responsibility

Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

Except for the matter described in the “Basis for Disclaimer of Opinion on the Business-type Activities and the Proprietary Fund”, we believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Basis for Disclaimer of Opinion on the Business-type Activities and the Proprietary Fund

During the current fiscal year, the District acquired a golf course in collaboration with Lake Ashton Community Development District. In conjunction with the acquisition, the District entered various agreements with the previous owner of the golf course, including a promissory note, however the current District management is not able to provide sufficient support on all the related agreements in a timely manner to support the values of any assets acquired or liability assumed. Furthermore, due to transitions in management and accounting for the proprietary fund, the District was unable to provide sufficient competent evidential matter to support the accuracy and completeness of revenues and expenses and disclosures related to the golf course enterprise fund. The financial information of the golf course enterprise fund is represents the business-type activities and is considered a major fund.

Disclaimer of Opinion

Because of the significance of the matters described in the “Basis for Disclaimer of Opinion on the Business- type Activities and the Proprietary Fund” paragraph, we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on the financial statements of the business-type activities and the proprietary fund of the District as of September 30, 2020. Accordingly, we do not express an opinion on these financial statements.

Unmodified Opinions

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, general fund, debt service fund, and capital projects fund of the District as of September 30, 2020, and the respective changes in financial position thereof for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America.

Other Matters

Required Supplementary Information

Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued our report dated September 8, 2021, on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

September 8, 2021

MANAGEMENT’S DISCUSSION AND ANALYSIS

Our discussion and analysis of Lake Ashton II Community Development District, Polk County, Florida (“District”) provides a narrative overview of the District’s financial activities for the fiscal year ended September 30, 2020. Please read it in conjunction with the District’s Independent Auditor’s Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.

FINANCIAL HIGHLIGHTS

The assets of the District exceeded its liabilities at the close of the most recent fiscal year resulting in a net position balance of $26,439,741.

The change in the District’s total net position in comparison with the prior fiscal year was ($19,163), a decrease. The key components of the District’s net position and change in net position are reflected in the table in the government-wide financial analysis section.

At September 30, 2020, the District’s governmental funds reported combined ending fund balances of
$1,114,078, a decrease of ($183,757) in comparison with the prior fiscal year. The total fund balance is non-spendable for prepaid items and deposits, restricted for debt service and capital projects, and assigned for capital reserves.

The District’s enterprise fund reported a deficit net position of ($185,688) at the end of the current fiscal year.

OVERVIEW OF FINANCIAL STATEMENTS

This discussion and analysis are intended to serve as the introduction to the District’s basic financial statements. The District’s basic financial statements are comprised of three components: 1) government- wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.

Government-Wide Financial Statements

The government-wide financial statements are designed to provide readers with a broad overview of the District’s finances, in a manner similar to a private-sector business.

The statement of net position presents information on all the District’s assets, deferred outflows of resources, liabilities, and deferred inflows of resources with the residual amount being reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

The statement of activities presents information showing how the government’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods.

Both of the government-wide financial statements distinguish functions of the District that are principally supported by assessments (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business-type activities). The governmental activities of the District include general government and maintenance operations. The business-type activities of the District include a golf course operation.

Fund Financial Statements

A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the District can be divided into two categories: governmental funds and proprietary funds.

Governmental Funds

Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District’s near-term financing requirements.

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the District’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

The District maintains three individual governmental funds. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund, debt service fund and capital projects fund which are all considered to be major funds.

The District adopts an annual appropriated budget for its general fund. A budgetary comparison schedule has been provided for the general fund to demonstrate compliance with the budget.

Proprietary Funds

The District maintains one type of proprietary fund, enterprise funds. An enterprise fund is used to report the same function presented as business-type activities in the government-wide financial statements. The District maintains one enterprise fund. The District uses the golf course fund to account for the operations of the golf course and related recreational facilities.

Proprietary funds provide the same type of information as the government-wide financial statement, only in more detail.

Notes to the Financial Statements
The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements.

GOVERNMENT-WIDE FINANCIAL ANALYSIS

As noted earlier, net position may serve over time as a useful indicator of an entity’s financial position. In the case of the District, assets exceeded liabilities at the close of the most recent fiscal year.

The District’s net position reflects its investment in capital assets (e.g. land, land improvements, and infrastructure) less any related debt used to acquire those assets that is still outstanding. These assets are used to provide services to residents; consequently, these assets are not available for future spending. Although the District’s investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.

The restricted portion of the District’s net position represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net position may be used to meet the District’s other obligations.

Key components of the District’s net position are reflected in the following table:

NET POSITION SEPTEMBER 30,
Governmental Activities

Business-type Activities	Total

	2020	2019	2020	2019	2020	2019	
Current and other assets	$	1,146,443	$	1,380,598	$ 1,202,365	$	-	$ 2,348,808	$	1,380,598	
Capital assets, net of depreciation	33,296,009	33,743,372	-	-	33,296,009	33,743,372	
Total assets	34,442,452	35,123,970	1,202,365	-	35,644,817	35,123,970	
Current liabilities	202,023	270,066	1,388,053	-	1,590,076	270,066	
Long-term liabilities	7,615,000	8,395,000	-	-	7,615,000	8,395,000	
Total liabilities	7,817,023	8,665,066	1,388,053	-	9,205,076	8,665,066	
Net position							
Net investment in capital assets	25,681,038	25,348,401	-	-	25,681,038	25,348,401	
Restricted	589,569	512,865	-	-	589,569	512,865	
Unrestricted	354,822	597,638	(185,688)	-	169,134	597,638	
Total net position	$ 26,625,429	$ 26,458,904	$	(185,688)	$	-	$ 26,439,741	$ 26,458,904	

The District’s net position decreased during the most recent fiscal year. The majority of the decrease represents the extent to which the costs of operation exceeded ongoing program revenues for the golf course acquired by the District during the current fiscal year.

Key elements of the change in net position are reflected in the following table:

Revenues: Program revenues

CHANGES IN NET POSITION
FOR THE FISCAL YEAR ENDED SEPTEMBER 30,
Governmental Activities	Business-type Activities	Total

2020	2019	2020	2019	2020	2019

Charges for services

$	2,517,771

$	2,074,540

129,748	$

-	$ 2,647,519

$	2,074,540

Operating grants and contributions	7,935	14,410	-	-	7,935	14,410
Capital grants and contributions	-	1	373,979	-	373,979	1
General revenues
Unrestricted investment earnings	5,905	20,986	-	-	5,905	20,986
Miscellaneous	12,939	22,455	-	-	12,939	22,455

Total revenues	2,544,550	2,132,392	503,727	-	3,048,277	2,132,392

Expenses:
General government	400,007	564,719	-	-	400,007	564,719
Maintenance and operations	1,522,078	1,305,533	-	-	1,522,078	1,305,533
Interest	428,940	459,008	-	-	428,940	459,008
Golf course		-		-	716,415	-		716,415		- Total expenses	2,351,025	2,329,260	716,415	-	3,067,440	2,329,260

Change in net position	166,525	(196,868)	
Net position - beginning	26,458,904	26,655,772	
Net position - ending	$ 26,625,429	$ 26,458,904	

Governmental activities			

Transfers	(27,000)	-		27,000			-		- (185,688)	-	(19,163)	(196,868)
-	-	26,458,904	26,655,772

$	(185,688) $

-	$ 26,439,741

$ 26,458,904

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2020 was $2,351,025. The costs of the District’s activities were funded by program revenues. Program revenues, comprised primarily of assessments, increased during the fiscal year as a result of an increase in prepayment revenue. Expenses increased from the prior fiscal year due to increased operating expenses, including payroll.

Business-type activities

Business-type activities reflect the operations of the golf course of the District, which includes a pro-shop and restaurant. The cost of operations is primarily covered by charges to customers. This is the first year of operations for the golf course.

GENERAL BUDGETING HIGHLIGHTS

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. The general fund budget for the fiscal year ended September 30, 2020 was amended to increase revenues by $125,812 and increase appropriations by $166,096. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2020.

CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets

At September 30, 2020, the District had $37,125,385 invested in capital assets for its governmental activities. In the government-wide financial statements depreciation of $3,829,376 has been taken, which resulted in a net book value of $33,296,009. More detailed information about the District’s capital assets is presented in the notes of the financial statements.

Capital Debt

At September 30, 2020, the District had $7,615,000 in Bonds outstanding for its governmental activities. More detailed information about the District’s capital debt is presented in the notes of the financial statements.

ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND OTHER EVENTS

The District does not anticipate any major projects or significant changes to its infrastructure maintenance program for the subsequent fiscal year. In addition, it is anticipated that the general operations of the District will remain fairly constant. During the current fiscal year end, the District purchased and acquired a golf club, consisting of two golf courses. Subsequent to the purchase, the District conveyed a portion of the underlying property to the Lake Ashton Community Development District for ownership and maintenance; however, the District is the sole operator of the golf club. It is expected that the general operations of the golf course will increase.

Subsequent to the end of the fiscal year, the District initiated procedures to refinance it Series 2005 Bonds, however, the refinancing has not yet been finalized.

CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT

This financial report is designed to provide our citizens, land owners, customers, investors and creditors with a general overview of the District’s finances and to demonstrate the District’s accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the Lake Ashton II Community Development District’s Finance Department at 5385 N. Nob Hill Road, Sunrise, Florida, 33351.

LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT POLK COUNTY, FLORIDA
STATEMENT OF NET POSITION SEPTEMBER 30, 2020

	Governmental
Activities	Business-type
Activities	
Total	
ASSETS				
Cash	$	37,998	$	948,758	$	986,756	
Investments	434,804	-	434,804	
Assessments receivable	2,569	-	2,569	
Accounts receivable	352	49,199	49,551	
Deposits	24,463	27,000	51,463	
Prepaid items	2,952	1,104	4,056	
Inventory	-	61,304	61,304	
Internal balances	(115,000)	115,000	-	
Restricted assets:			-	
Cash	-	-	-
Investments	758,305	-	758,305 Capital assets:				-
Nondepreciable	23,308,813	-	23,308,813
Depreciable, net	 	9,987,196	-	9,987,196 
Total assets	 	34,442,452	1,202,365	35,644,817 

LIABILITIES		
Accounts payable and accrued expenses	30,315	191,509	221,824	
Unearned revenue	900	1,196,544	1,197,444	
Deposits payable	1,150	-	1,150	
Accrued interest payable	169,658	-	169,658	
Non-current liabilities:			
Due within one year	285,000	-	285,000	
Due in more than one year	 	7,330,000		-	7,330,000 Total liabilities	 	7,817,023	1,388,053	9,205,076 

NET POSITION		
Net investment in capital assets	25,681,038	-	25,681,038	
Restricted for debt service	589,569	-	589,569	
Unrestricted	 	354,822	(185,688)	169,134 
Total net position	 $	26,625,429   $	(185,688)   $	26,439,741 

See notes to the financial statements

LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT POLK COUNTY, FLORIDA
STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2020

Program Revenues

Net (Expense) Revenue and Changes in Net Position

Functions/Programs	Expenses	
Charges for Services	Operating Grants and
Contributions	Capital Grants and
Contributions	
Governmental Activities	
Business-type Activities	

Total	
Governmental activities:
General government	
$	400,007	
$	400,007	
$	-	$	-	$	-	$	-	$	-	
Maintenance and operations	1,522,078	825,317	775	-	(695,986)	-	(695,986)	
Interest on long-term debt	428,940	1,292,447	7,160	-	870,667	-	870,667	
Total governmental activities	2,351,025	2,517,771	7,935	-	174,681	-	174,681	

Business-type activities:								
Golf course	716,415	129,748	-	373,979	-	(212,688)	(212,688)	
Total business-type activities	716,415	129,748	-	373,979	-	(212,688)	(212,688)	

General revenues:
Unrestricted investment earnings	5,905	-	5,905	
Miscellaneous	 	12,939	-	12,939.00 	
Total general revenues	 	18,844	-	18,844.00 	
Transfers	 	(27,000)	27,000	-		
Change in net position	 	166,525	(185,688)	(19,163)	
Net position - beginning	 	26,458,904	-	26,458,904 	
Net position - ending	  $ 26,625,429	$	(185,688) $ 26,439,741 	

See notes to the financial statements

BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2020

 	Major Funds	
Capital

Total Governmental

General

Debt Service

Projects

Funds

ASSETS		
Cash	$	37,998	$	-	$	-	$	37,998	
Investments	434,804	758,276	29	1,193,109	
Assessments receivable	1,618	951	-	2,569	
Accounts receivable	352	-	-	352	
Deposits	24,463	-	-	24,463	
Prepaid items	 	2,952	-	-	2,952 
Total assets	 $	502,187	$	759,227	$	29	$	1,261,443 

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable and accrued expenses	$	30,315	$	-	$	-	$	30,315	
Unearned revenue	900	-	-	900	
Deposits payable	1,150	-	-	1,150	
Due to other funds	 	115,000	-	-	115,000 
Total liabilities	 	147,365	-	-	147,365 

Fund balances:
Nonspendable:
Prepaid items and deposits
Restricted for:	27,415	-	-	27,415	
Debt service	-	759,227	-	759,227	
Capital projects	-	-	29	29	
Assigned to:
Capital reserve	 	327,407	-	-	327,407 
Total fund balances	 	354,822	759,227	29	1,114,078 

Total liabilities and fund balances	 $	502,187	$	759,227	$	29	$	1,261,443 

RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2020

Total fund balances - governmental funds	$	1,114,078 Amounts reported for governmental activities in the statement of
net position are different because:

Capital assets used in governmental activities are not financial resources and, therefore, are not reported as assets in the governmental funds. The statement of net position includes those capital assets, net of any accumulated depreciation, in the net position of the government as a whole.
Cost of capital assets	37,125,385
Accumulated depreciation	 	(3,829,376)	33,296,009

Liabilities not due and payable from current available resources are not reported as liabilities in the governmental fund statements. All liabilities, both current and long-term, are reported in the government-wide financial statements.
Accrued interest payable	(169,658)	
Bonds payable	 	(7,615,000)	(7,784,658) 	
Net position of governmental activities	  $	26,625,429 	

STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2020

`	 	Major Funds		Total

REVENUES

General

Debt Service

Capital Projects

Governmental Funds

Assessments

$	1,225,324	$

1,292,447	$

-	$	2,517,771

Developer contributions	775	-	-	775
Interest	5,905	7,160	-	13,065
Miscellaneous	 	12,939		12,939 
Total revenues	 	1,244,943	1,299,607	-	2,544,550 

EXPENDITURES
Current:
General government	386,044	13,963	-	400,007	
Maintenance and operations	1,055,799	-	-	1,055,799	
Debt service:			
Principal	-	780,000	-	780,000	
Interest	-	446,585	-	446,585	
Capital outlay	 	18,916		18,916 
Total expenditures	 	1,460,759	1,240,548	-	2,701,307 

Excess (deficiency) of revenues

Interfund transfers	 	(27,000)	-	-	(27,000)	
Total other financing sources (uses)	 	(27,000)	-	-	(27,000)	
Net change in fund balances	(242,816)	59,059	-	(183,757)	
Fund balances - beginning	 	597,638	700,168	29	1,297,835 	
Fund balances - ending	  $	354,822	$	759,227	$	29	$	1,114,078 	

over (under) expenditures	(215,816)	59,059	-	(156,757) OTHER FINANCING SOURCES (USES)

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2020

are different because:		
Governmental funds report capital outlays as expenditures; however, the cost of capital assets is eliminated in the statement of activities and capitalized in the statement of net position.	

18,916	
Depreciation of capital assets is not recognized in the governmental fund financial statements, but is reported as an expense in the statement of activities.	

(466,279)	
Repayment of long-term liabilities are reported as expenditures in the governmental fund financial statements, but such repayments reduce liabilities in the statement of net position and are eliminated in the statement of activities.	

780,000	
The change in accrued interest on long-term liabilities between the current and prior fiscal years is recorded in the statement of activities, but not in the governmental fund financial statements.	

 	17,645 	
Change in net position of governmental activities	$	166,525	

Net change in fund balances - total governmental funds	$	(183,757) Amounts reported for governmental activities in the statement of activities

STATEMENT OF NET POSITION – PROPRIETARY FUND SEPTEMBER 30, 2020

	Business-type Activities -
Enterprise Funds	
	    Golf Course	Total		
ASSETS		
Current assets:		
Cash and equivalents	$	948,758	$	948,758	
Accounts receivable	49,199	49,199	
Due from other funds	115,000	115,000	
Inventories	61,304	61,304	
Deposits	27,000	27,000	
Prepaids and deposits	 	1,104	1,104 	
Total current assets	 	1,202,365	1,202,365 	
Total assets	 	1,202,365	1,202,365 	

LIABILITIES
Current liabilities:
Accounts payable	185,515	185,515	
Accrued payroll	5,994	5,994	
Unearned revenue	 	1,196,544	1,196,544 	
Total current liabilities	 	1,388,053	1,388,053 	
Total liabilities	 	1,388,053	1,388,053 	
NET POSITION		
Unrestricted	 	(185,688)	(185,688)	
Total net position	  $	(185,688)  $	(185,688)	

STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES – PROPRIETARY FUND GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2020

Operating revenues: Charges for services:

   Business-type Activities - Enterprise 
 	Golf Course	Total	

Golf Course	$	38,372	$	38,372	
Pro Shop	33,958	33,958	
Restaurant and concessions	 	57,418	57,418 	
Total operating revenues	 	129,748	129,748 	
Operating expenses: Golf Course	
369,756	369,756	
Pro Shop	119,735	119,735	
Restaurant and concessions	78,383	78,383	
Administrative and other	 	148,541	148,541 	
Total operating expenses	 	716,415	716,415 	
Operating income (loss)	 	(586,667)	(586,667)	
Nonoperating revenues (expenses): Miscellaneous	
 	373,979	373,979 	
Total nonoperating revenues (expenses)	 	373,979	373,979 	
Income before transfers	(212,688)	(212,688)	

Transfers:		
Transfers in (out)	 	27,000	27,000 	
Total transfers (out) in	 	27,000	27,000 	
Change in net position	(185,688)	(185,688)	
Net position - beginning	 	-	-		
Net position - ending	  $	(185,688)   $	(185,688)	

See notes to the financial statements

STATEMENT OF CASH FLOWS – PROPRIETARY FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2020

CASH FLOWS FROM OPERATING ACTIVITIES	    Golf Course	Total		
Receipts from customers and users	$	1,277,093	$ 1,277,093	
Payments to suppliers of goods and services	(259,719)	(259,719)	
Payments to employees	 	(327,595)	(327,595)	
Net cash provided (used) by operating activities	 	689,779	689,779 	

CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES:	
Miscellaneous	 	258,979	258,979 	
Net cash provided (used) by financing activities	 	258,979	258,979 	
Net increase (decrease) in cash and cash equivalents	948,758	948,758	
Cash and cash equivalents - October 1	 	-	-		
Cash and cash equivalents - September 30	  $	948,758	$	948,758 	

RECONCILIATION OF OPERATING INCOME (LOSS) TO	

    Golf Course	Total		
NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES
Operating income (loss)	
$	(586,667)   $	(586,667)	
Adjustments to reconcile operating income (loss)
to net cash provided (used) by operating activities: (Increase) decrease in accounts receivables	

(49,199)	(49,199)	
(Increase) decrease in inventories	(61,304)	(61,304)	
(Increase) decrease in prepaid items	(1,104)	(1,104)	
Increase (decrease) in accounts payable	185,515	185,515	
Increase (decrease) in accrued payroll	5,994	5,994	
Increase (decrease) in unearned revenue	 	1,196,544	1,196,544 	
Total adjustments	 	1,276,446	1,276,446 	
Net cash provided (used) by operating activities	  $	689,779	$	689,779 	

See notes to the financial statements

NOTES TO FINANCIAL STATEMENTS

NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY

Lake Ashton II Community Development District ("District") was created on March 2, 2005 by Ordinance 05- 005 of Polk County, Florida, pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes, and was thereafter expanded by Ordinance 05-042 on July 27, 2005. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.

The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District.

The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are elected by qualified electors of the District. The Board of Supervisors of the District exercise all powers granted to the District pursuant to Chapter 190, Florida Statutes.

The Board has the final responsibility for:
Allocating and levying assessments.
Approving budgets.
Exercising control over facilities and properties.
Controlling the use of funds generated by the District.
Approving the hiring and firing of key personnel.
Financing improvements.

The financial statements were prepared in accordance with Governmental Accounting Standards Board (“GASB”) Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District is considered to be financially accountable and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements.

The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.

The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment; operating-type special assessments for maintenance and debt service are treated as charges for services and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other items not included among program revenues are reported instead as general revenues.

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

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due.

Assessments
Assessments are non-ad valorem assessments on benefitted property within the District. Operating and Maintenance Assessments are based upon adopted budget and levied annually at a public hearing of the District. Debt Service Assessments are levied when Bonds are issued and assessed and collected on an annual basis. The District may collect assessments directly or utilize the uniform method of collection (Chapter 197.3632, Florida Statutes). Direct collected assessments are due as determined by annual assessment resolution adopted by the Board of Supervisors. Assessments collected under the uniform method are mailed by County Tax Collector on November 1 and due on or before March 31 of each year. Property owners may prepay a portion or all of the Debt Service Assessments on their property subject to various provisions in the Bond documents.

Assessments and interest associated with the current fiscal period are considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. The portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period.

The District reports the following major governmental funds:

General Fund
The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund.

Debt Service Fund
The debt service funds are used to account for the accumulation of resources for the annual payment of principal and interest on debt.

Capital Projects Fund
This fund accounts for the financial resources to be used for the acquisition or construction of major infrastructure within the District.

The District reports the following major proprietary fund:

Golf Course Fund
This enterprise fund is used to account for the operations of the golf course and related amenities that are to be financed and operated in a manner similar to private business enterprises. The costs of providing services to customers are to be recovered primarily through user charges.

Proprietary funds distinguish operating revenues and expenses from non-operating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund’s principal ongoing operations. The principal operating revenues of the District’s enterprise fund are charges to customers for sales and services. Operating expenses of the enterprise fund include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as non-operating revenues and expenses.

Measurement Focus, Basis of Accounting and Financial Statement Presentation (Continued)
As a general rule, the effect of inter-fund activity has been eliminated from the government-wide financial statements.

When both restricted and unrestricted resources are available for use, it is the government’s policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed.

Assets, Liabilities and Net Position or Equity

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

Deposits and Investments
The District’s cash and cash equivalents are considered to be cash on hand and demand deposits (interest and non-interest bearing).

The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section
218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following:

The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories;
Direct obligations of the U.S. Treasury.

The State Board of Administration’s (“SBA”) Local Government Surplus Funds Trust Fund (“Florida PRIME”) is a“2a-7 like” pool. A “2a-7 like” pool is an external investment pool that is not registered with the Securities and Exchange Commission (“SEC”) as an investment company, but nevertheless has a policy that it will, and does, operate in a manner consistent with the SEC’s Rule 2a-7 of the Investment Company Act of 1940, which comprises the rules governing money market funds. Thus, the pool operates essentially as a money market fund. The District has reported its investment in Florida PRIME at amortized cost for financial reporting purposes.

Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due.

The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles.

Inventories and Prepaid Items
Inventories are recorded as expenditures when consumed rather than when purchased.

Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.

Capital Assets
Capital assets which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation.

Capital Assets (Continued)
The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.

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

Assets	Years	
Infrastructure	30	
Equipment and other	10	

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

Unearned Revenue
Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned.

Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized ratably over the life of the Bonds. Bonds payable are reported net of applicable premiums or discounts. Bond issuance costs are expensed when incurred.

In the fund financial statements, governmental fund types recognize premiums and discounts, as well as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.

Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then.

In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.

Fund Equity/Net Position
In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change.

The District can establish limitations on the use of fund balance as follows:

Committed fund balance – Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category.

Assigned fund balance – Includes spendable fund balance amounts established by the Board of Supervisors that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year’s appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.

The District first uses committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used.

Net position is the difference between assets and deferred outflows of resources less liabilities and deferred inflows of resources. Net position in the government-wide financial statements are categorized as net investment in capital assets, restricted or unrestricted. Net investment in capital assets represents net position related to infrastructure and property, plant and equipment. Restricted net position represents the assets restricted by the District’s Bond covenants or other contractual restrictions. Unrestricted net position consists of the net position not meeting the definition of either of the other two components.

Other Disclosures

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

NOTE 3 – BUDGETARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget. Annual Budgets are adopted on a basis consistent with generally accepted accounting principles for the general fund. All annual appropriations lapse at fiscal year-end.

The District follows these procedures in establishing the budgetary data reflected in the financial statements.

Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
A public hearings is conducted to obtain comments.
Prior to October 1, the budget is legally adopted by the District Board.
Certain budget changes must be approved by the District Board, as further provided in its budget resolution.
The budgets are adopted on a basis consistent with generally accepted accounting principles.
Unused appropriation for annually budgeted funds lapse at the end of the year.

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

Investments
The District’s investments were held as follows at September 30, 2020:

     Amortized	Credit Risk	Maturities	
Investment in Local Government Surplus Funds			Weighted average of the	
Trust Fund (Florida PRIME)	$	434,804	S&P AAAm	fund portfolio: 48 days	
US Bank Money Market Account - Managed	556,364	Not available	Not available	
US Bank Mmkt 5 - Ct	 	201,941 	Not available	Not available	
	  $ 1,193,109 			
				
Credit risk – For investments, credit risk is generally the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Investment ratings by investment type are included in the preceding summary of investments.

Concentration risk – The District places no limit on the amount the District may invest in any one issuer.

Interest rate risk – The District does not have a formal policy that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates.

However, the Bond Indenture limits the type of investments held using unspent proceeds.

Fair Value Measurement – When applicable, the District measures and records its investments using fair value measurement guidelines established in accordance with GASB Statements. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques.

These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:
Level 1: Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.
The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.

Money market investments that have a maturity at the time of purchase of one year or less and are held by governments other than external investment pools should be measured at amortized cost. For external investment pools that qualify to be measured at amortized cost, the pool’s participants should also measure their investments in that external investment pool at amortized cost for financial reporting purposes. Accordingly, the District’s investments have been reported at amortized cost above.

NOTE 4 – DEPOSITS AND INVESTMENTS (Continued)

Investments (Continued)
External Investment Pool – With regard to redemption gates, Chapter 218.409(8)(a), Florida Statutes, states that “The principal, and any part thereof, of each account constituting the trust fund is subject to payment at any time from the moneys in the trust fund. However, the Executive Director may, in good faith, on the occurrence of an event that has a material impact on liquidity or operations of the trust fund, for 48 hours limit contributions to or withdrawals from the trust fund to ensure that the Board can invest moneys entrusted to it in exercising its fiduciary responsibility. Such action must be immediately disclosed to all participants, the Trustees, the Joint Legislative Auditing Committee, the Investment Advisory Council, and the Participant Local Government Advisory Council. The Trustees shall convene an emergency meeting as soon as practicable from the time the Executive Director has instituted such measures and review the necessity of those measures. If the Trustees are unable to convene an emergency meeting before the expiration of the 48- hour moratorium on contributions and withdrawals, the moratorium may be extended by the Executive Director until the Trustees are able to meet to review the necessity for the moratorium. If the Trustees agree with such measures, the Trustees shall vote to continue the measures for up to an additional 15 days. The Trustees must convene and vote to continue any such measures before the expiration of the time limit set, but in no case may the time limit set by the Trustees exceed 15 days.”

With regard to liquidity fees, Florida Statute 218.409(4) provides authority for the SBA to impose penalties for early withdrawal, subject to disclosure in the enrollment materials of the amount and purpose of such fees. At present, no such disclosure has been made.

As of September 30, 2020, there were no redemption fees or maximum transaction amounts, or any other requirements that serve to limit a participant’s daily access to 100% of their account value.

NOTE 5 – INTERFUND RECEIVABLES AND PAYABLES AND TRANSFERS

Interfund receivables and payables at September 30, 2020 were as follows:

 Fund	Receivable	Payable	
General	$	-	$	115,000	
Golf Course	 	115,000	-		
Total	  $	115,000	$	115,000 	

The outstanding balances between funds result primarily from the time lag between the dates that transactions are recorded in the accounting system and payments between funds are made. In the case of the District, the balances between the general fund and the golf fund relate to amounts related to the acquisition of the golf course held in the general fund that have not yet been transferred to the golf fund.

Interfund transfers for the fiscal year ended September 30, 2020 were as follows:

 Fund	Transfer in	Transfer Out 
General fund	$	-	$	27,000	
Golf Course	 	27,000	-		
Total	  $	27,000	$	27,000 	
		
Transfers are used to move revenues from the fund where collection occurs to the fund where funds have been reallocated for use. In the case of the District, transfers from the general fund to the golf were to facilitate the acquisition of the golf course during the current fiscal year.

Capital assets activity for the fiscal year ended September 30, 2020 was as follows:

	Beginning	Ending
 	Balance	Increases	Decreases	Balance		
Governmental activities
Capital assets, not being depreciated Land & land improvements	

  $  23,308,813	$	-	$	-	$ 23,308,813 	
Total capital assets, not being depreciated	 	23,308,813	-	-	23,308,813 	

Capital assets, being depreciated Infrastructure	

13,613,856	11,671	-	13,625,527	
Equipment and other	 	183,800	7,245	-	191,045 	
Total capital assets, being depreciated	 	13,797,656	18,916	-	13,816,572 	

Less accumulated depreciation for: Infrastructure	

3,346,011	453,865	-	3,799,876	
Equipment and other	 	17,086	12,414	-	29,500 	
Total accumulated depreciation	 	3,363,097	466,279	-	3,829,376 	

Total capital assets, being depreciated, net	
 	10,434,559	(447,363)	-	9,987,196 	

Governmental activities capital assets	
  $  33,743,372	$	(447,363)	$	-	$ 33,296,009 	

For governmental activities, depreciation expense was charged to the maintenance and operations function.

NOTE 7 – LONG TERM LIABILITIES

Series 2005
On August 5, 2005, the District issued $22,525,000 of Capital Improvement Revenue Bonds, Series 2005 consisting of $7,705,000 Term Bonds Series 2005A due on May 1, 2036 with a fixed interest rate of 5.375% and $14,820,000 Term Bonds Series 2005B due in November 1, 2010 with a fixed interest rate of 4.875%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing May 1, 2007 through May 1, 2036. The Series 2005B Bonds have been fully paid off.

The Series 2005A Bonds are subject to redemption at the option of the District prior to their maturity on or after May 1, 2014. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture. This occurred during the current fiscal year as the District collected assessments from lot closings and paying off the debt on the golf course parcels, and prepaid $460,000 of the Series 2005A Bonds. See Note 14 - Subsequent Events for additional call amounts subsequent to the fiscal year end.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2020.

Series 2006
On November 20, 2006, the District issued $25,445,000 of Capital Improvement Revenue Bonds, Series 2006 consisting of $5,025,000 Term Bonds Series 2006A due on May 1, 2038 with a fixed interest rate of 5.300% and $20,420,000 Term Bonds Series 2006B due in November 1, 2011 with a fixed interest rate of 5.000%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing May 1, 2009 through May 1, 2038. The Series 2006B Bonds have been fully paid off.

Series 2006 (Continued)
The Series 2006A Bonds are subject to redemption at the option of the District prior to their maturity on or after May 1, 2016. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture. This occurred during the current fiscal year as the District collected assessments from lot closings and paying off the debt on the golf course parcels, and prepaid $35,000 of the Series 2006A Bonds. See Note 14 - Subsequent Events for additional call amounts subsequent to the fiscal year end.

The Bond Indenture established certain restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service. The District was in compliance with the requirements at September 30, 2020.

Long-term debt activity
Changes in long-term liability activity for the fiscal year ended September 30, 2020 were as follows:

	Beginning
Balance	
Increases	Decreases	Ending
Balance	Due Within
One Year	
Governmental activities Bonds payable:
Series 2005	

$	4,700,000	

$	-	$	630,000	

$	4,070,000	

$	165,000	
Series 2006	3,695,000	-	150,000	3,545,000	120,000	
Total	$	8,395,000	$	-	$	780,000	$	7,615,000	$	285,000	

At September 30, 2020, the scheduled debt service requirements on the long-term debt were as follows:

Year ending	 	Governmental Activities	

   September 30:	Principal	Interest	Total	
2021	$	285,000	$	406,648	$	691,648	
2022	305,000	391,419	696,419	
2023	320,000	375,123	695,123	
2024	335,000	358,024	693,024	
2025	355,000	340,123	695,123	
2026-2030	2,085,000	1,394,440	3,479,440	
2031-2035	2,715,000	774,611	3,489,611	
2036-2038	 	1,215,000	110,518	1,325,518 

Total	 $	7,615,000	$	4,150,906	$ 11,765,906 

NOTE 8 – DEVELOPER TRANSACTIONS

The Developer owns a portion of land within the District; therefore, assessment revenues in the general and debt service funds include the assessments levied on those lots owned by the Developer.

NOTE 9 – CONCENTRATION

The District’s activity is dependent upon the continued involvement of the Developer, the loss of which could have a material adverse effect on the District’s operations.

In a prior year, the District and Lake Ashton Community Development District (the “Parties”) entered into an interlocal agreement whereby the Parties agreed to grant non-exclusive right to their residents of the Amenities located within each Party’s boundaries. Furthermore, the Parties agreed to jointly construct certain roadway connections and that the actual costs associated with the maintenance and operation of the roadways that have been incurred and paid will be prorated between the Parties based on the number of platted lots that have been approved as of September 15 of each fiscal year. This occurred in a prior fiscal year as Lake Ashton CDD performed certain roadways repairs costing a total of $292,300 and billed the District $79,929 for its portion of the cost. This amount has been paid in full. During a prior fiscal year, the Interlocal Agreement with Lake Ashton CDD was amended to automatically make all current and future roadways and appurtenances owned by and located within each District subject to the Interlocal Agreement as of the date of acquisition or control by the respective District without need for further amendment. Also, the Districts agreed to each reimburse the other for prior roadway costs paid under the Interlocal Agreement to the other District. Accordingly, the District was reimbursed $190,219 during a prior fiscal year.

During the current fiscal year, the District purchased and acquired a golf club, consisting of two golf courses. In accordance with the purchase the District has entered into an interlocal agreement with Lake Ashton whereby Lake Ashton has paid the District a sum of $115,000 at closing and will pay another $115,000 in one year from the date of closing to acquire a portion of the land underlying the golf course located within its boundaries, the East Golf Course. Under the agreement, Lake Ashton leased back the golf course located within its boundaries to the District to operate. The District will solely bare the costs of operation and maintenance of the golf course, except for the Golf Course’s pathways, bridges, and ponds located within the East Golf Course that are to be funded by Lake Ashton.

NOTE 11 - GOLF COURSE ACQUISITION

In December 2019, the District purchased and acquired a golf club, consisting of two golf courses. Subsequent to the purchase, the District conveyed a portion of the underlying property to the Lake Ashton Community Development District for ownership and maintenance. Under the purchase agreement, the Golf Course purchase price was $477,000, subject to adjustments and credits at closing. In addition, the District would assume certain equipment leases and enter into a promissory note agreement with the seller. The promissory note bears an original principal balance of $638,379, bearing interest at 3%, and payable in five annual installments over the period of January 5, 2021 through January 5, 2025. Furthermore, the District assume all golf memberships at the time of closing for up to one year. The District also agreed to provide one year memberships for new homes constructed within the District and Lake Ashton until all residences built out and sold to residential end users, and for homes listed for resale within 180 days prior to closing. In return for the membership considerations, the seller agreed to provide a $240,000 contribution credit towards the acquisition of the golf course. Furthermore, the District entered a deficit funding agreement with the seller, whereby the seller agrees to advance funding on an as-needed basis to cover deficits in the payment of operating costs of the golf course for up to a period of five years after the closing date. Under the deficit funding agreement, the maximum outstanding amount is $300,000, and the District agrees to repay outstanding sums by August 30th of each year. In the event of default, the default interest rate is the lesser of the maximum permitted by law or 6%. The District was unable to record the acquisition of the golf course in a timely manner, and did not record the full effects of the transactions relating to the acquisition and operation of the golf course in the financial statements, including the recording of assets acquired and liabilities assumed.

The District is expected to amend it’s boundary to remove certain properties from Lake Ashton Community Development District and add to the District.

The District will solely bear the costs of operation and maintenance of the golf course, except for the Golf Course’s pathways, bridges, and ponds located within the East Golf Course that are to be funded by Lake Ashton Community Development District.

NOTE 12 – MANAGEMENT COMPANIES

The District has contracted with a management company to perform management advisory services, which include financial and accounting advisory services. Certain employees of the management company also serve as officers of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, computer and other administrative costs.

The District has also contracted with a management company to manage the operations of the golf course. Under the agreement, the District compensates the management company for management, accounting, financial reporting, and other administrative costs. The management company also provides personnel and payroll to the District under a separate agreement.

NOTE 13 – RISK MANAGEMENT

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

NOTE 14 – SUBSEQUENT EVENTS

Bond Payments
Subsequent to fiscal year end, the District prepaid a total of $170,000 of the Series 2005A Bonds and
$50,000  of  the  Series  2006A  Bonds.	The prepayments were considered extraordinary mandatory redemptions as outlined in the Bond Indenture.

Bond Refinancing
Subsequent to the end of the fiscal year, the District initiated procedures to refinance it Series 2005 Bonds, however, the refinancing has not yet closed.

Boundary Amendment
Subsequent to the end of the fiscal year, the Board authorized amendment of the District boundaries to move certain parcels related to the golf course from Lake Ashton to the District. A formal petition has not yet been initiated.

SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2020

	

 		Budgeted Amounts	  Original	Final	

Actual Amounts	Variance with Final Budget - Positive
(Negative)	
REVENUES				
Developer contributions	$	-	$	-	$	775	$	775	
Assessments	1,218,686	1,223,706	1,225,324	1,618	
Interest	1,500	1,617	5,905	4,288	
Rental Fees	5,200	750	750	-	
Miscellaneous	 	-	125,125	12,189	(112,936)
Total revenues	 	1,225,386	1,351,198	1,244,943	(106,255)

EXPENDITURES
Current:
General government	107,011	339,483	386,044	(46,561)
Maintenance and operations	1,241,510	1,175,134	1,055,799	119,335
Capital outlay	 	-	-	18,916	(18,916)
Total expenditures	 	1,348,521	1,514,617	1,460,759	53,858 

Excess (deficiency) of revenues
over (under) expenditures	(123,135)	(163,419)	(215,816)	(52,397)

OTHER FINANCING SOURCES
Transfers In/Out	(79,398)	27,000	(27,000)	(54,000)
Carry forward	 	202,533	136,419	-	(136,419)
Total other financing sources	 	123,135	163,419	(27,000)	(190,419)

Net change in fund balances

  $	-	$	-	

(242,816) $

(242,816)

Fund balance - beginning	 	597,638 

Fund balance - ending	 $	354,822 

See notes to required supplementary information

NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget for the general fund. The District’s budgeting process is based on estimates of cash receipts and cash expenditures which are approved by the Board. The budget approximates a basis consistent with accounting principles generally accepted in the United States of America (generally accepted accounting principles).

The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. The general fund budget for the fiscal year ended September 30, 2020 was amended to increase revenues by $125,812 and increase appropriations by $166,096. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2020.

Fax (561) 994-5823
www.graucpa.com

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

To the Board of Supervisors
Lake Ashton II Community Development District Polk County, Florida

We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, the business-type activities and each major fund of Lake Ashton II Community Development District, Polk County, Florida (“District”) as of and for the fiscal year ended September 30, 2020, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated September 8, 2021, which includes an explanatory paragraph regarding the disclaimer of opinion on the business-type activities and the proprietary fund.

Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, we considered finding 2020-01 to be a material weakness. However, other material weaknesses may exist that have not been identified.

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

We noted certain matters involving the internal control over financial reporting and compliance that we have reported to management of the District in a separate letter dated September 8, 2021.
The District's response to the finding identified in our audit is described in the accompanying Management Letter. We did not audit the District's response and, accordingly, we express no opinion on it.

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

September 8, 2021

INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

To the Board of Supervisors
Lake Ashton II Community Development District Polk County, Florida

We have examined Lake Ashton II Community Development District, Polk County, Florida’s (“District”) compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2020. Management is responsible for District’s compliance with those requirements. Our responsibility is to express an opinion on District’s compliance based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 218.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District’s compliance with specified requirements.

In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2020.

This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of Supervisors of Lake Ashton II Community Development District, Polk County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

September 8, 2021

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA

To the Board of Supervisors
Lake Ashton II Community Development District Polk County

Report on the Financial Statements

We have audited the accompanying basic financial statements of Lake Ashton II Community Development District, Polk County, Florida ("District") as of and for the fiscal year ended September 30, 2020, and have issued our report thereon dated September 8, 2021, which includes an explanatory paragraph regarding the disclaimer of opinion on the business-type activities and the proprietary fund.

Auditor’s Responsibility

We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the Florida Auditor General.

Other Reporting Requirements

We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Auditor’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated September 8, 2021, should be considered in conjunction with this management letter.

Purpose of this Letter

The purpose of this letter is to comment on those matters required by Chapter 10.550 of the Rules of the Auditor General for the State of Florida. Accordingly, in connection with our audit of the financial statements of the District, as described in the first paragraph, we report the following:

Current year findings and recommendations.
Status of prior year findings and recommendations.
Compliance with the Provisions of the Auditor General of the State of Florida.

Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, as applicable, management, and the Board of Supervisors of Lake Ashton II Community Development District, Polk County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

We wish to thank Lake Ashton II Community Development District, Polk County, Florida and the personnel associated with it, for the opportunity to be of service to them in this endeavor as well as future engagements, and the courtesies extended to us.

September 8, 2021

REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS

Material Weakness

2020-01 Accounting Internal Controls and Procedures for Enterprise Fund Transactions
Observation: During the audit, we noted that the District purchased and acquired a golf club, consisting of two golf courses. Under the purchase agreement, the District would assume certain equipment leases and enter into a promissory note agreement with the seller. The District also agreed to provide one year memberships for new homes constructed within the District and Lake Ashton until all residences built out and sold to residential end users, and for homes listed for resale within 180 days prior to closing. In return for the membership considerations, the seller agreed to provide a $240,000 contribution credit towards the acquisition of the golf course. The District’s was unable to provide sufficient audit evidence to support the details of all the transactions relating to the acquisition of the golf course in a timely manner, and did not record the full effects of the transactions relating to the acquisition and operation of the golf course in the financial statements, including the recording of assets acquired and liabilities assumed. Furthermore, due to transitions in management and accounting for the proprietary fund, the District was unable to provide sufficient competent evidential matter to support the accuracy and completeness of revenues and expenditures recorded in the golf course enterprise fund. The financial information of the golf course enterprise fund is part of the business-type activities and is considered a major fund.
Recommendation: The District should ensure that all transactions are accurately and timely recorded, and that errors and omissions are detected and corrected in a timely manner. Recommended areas of improvements include:

The District should implement procedures and controls to ensure that transactions are properly classified, including refraining from inappropriately netting transactions. Expenses should be reported separately from revenues generated.
The District should implement procedures and controls to ensure that all assets and liabilities, including capital assets, obligations to the seller of the golf course, leases, and other long term debt as applicable are completely and accurately recorded.

Management Response: The District purchase of the golf course was a unique and extremely complicated with provisions associated with the transaction that made it very difficult for the District’s staff to properly record all the financial implications to the Enterprise Fund and not due to ineffective procedures and controls. In addition, when the District enters into complex financial transactions it is common practice for the staff to rely on the expertise of the District’s auditors to ensure the activity is properly recorded. The District will take additional measures in the future to more accurately record the financial activities of the District in accordance with the auditors recommendations.

PRIOR YEAR FINDINGS AND RECOMMENDATIONS

None

COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

Unless otherwise required to be reported in the auditor’s report on compliance and internal controls, the management letter shall include, but not be limited to the following:

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

There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2019.

REPORT TO MANAGEMENT (Continued)

Any recommendations to improve the local governmental entity's financial management.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 2020, except as noted above.

Noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2020, except as noted above.

The name or official title and legal authority of the District are disclosed in the notes to the financial statements.

The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.

We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2020. It is management’s responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

.	. .
S ECTION 2

September 17, 2021
Jill Burns, District Manager
Lake Ashton II Community Development District c/o GMS‐CF, LLC
219 E. Livingston Street Orlando, FL 32801
Re: Increase in audit fees Dear Mrs. Burns,

951 Yamato Road ▪ Suite 280 Boca Raton, Florida  33431 (561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

As a result, of the additional time incurred for the fiscal year ended September 30, 2020 audit we are requesting a fee increase of $10,000. The additional time incurred related mainly to the following;

Numerous unresolved issues with purchase of golf course
Research, client discussions and additional work related to disclaimer of opinion
Review of purchase agreement for golf course and recording of transactions based on purchase agreement and other agreements with Developer and Lake Ashton I
Correction of various financial statement balances
Lack of documentation and access related to the golf course acquisition

Our experience related to golf course acquisition and operations on various CDD’s is such that any operations that are handled by a third party requires significant additional documentation and testing related to those operations. In addition, the complexity of the acquisitions which appears to be at a substantial discount and with a limited Developer guarantee increases the risk related to those activities. We also understood the urgency for completing the audit once it became an issue for closing on the refunding bonds. We completed the audit in time for the refunding to go through. We believe that we are best suited to continue as auditors for the District. As a result, we are requesting a fee increase for the remaining years of our contract as follows:

Fiscal Year Ending	Original Fee	Proposed Fee	
September 30, 2021	$10,000	$18,000	
September 30, 2022	$10,100	$18,500	
September 30, 2023	$10,200	$19,000	
We appreciate the opportunity to serve as the District’s external auditors and look forward to continuing in that capacity.

Please let me know if you have any questions. Sincerely,

Antonio J Grau Partner

SECTION F

PREVENTATIVE MAINTENANCE PLAN

Under the following Terms and Conditions, Commercial Fitness Products (“Servicer”) agrees for the stated fees to perform Preventative Maintenance Service for one (1) year for the effective date for the Lake Ashton (“Customer”) on the equipment listed by type, model and serial number.

This custom plan has been specifically designed to fit the needs of the Customer. The equipment covered under this agreement will be routinely maintained in accordance with manufacturers’ recommendations. The maintenance provided will focus on increasing the life of Customer’s equipment, decreasing or eliminating downtime, and maintaining the equipment at peak performance.

Upon the first PM Visit under this Agreement, an initial inspection will be performed. A detailed Estimate of equipment in need of repair will be submitted for Customer’s approval. This estimate is provided at no charge. It is the Customer’s responsibility for equipment under contract to be brought up to proper working specifications. Customer warrants the listed equipment is in proper working order on the effective date of this Agreement.
Each regularly scheduled preventative maintenance call shall include a complete function and safety inspection. Additionally, cleaning, lubrication, and mechanical adjustments determined as due by Servicer will be performed. Cost of routine supply items required for preventative maintenance service is included herein.
All service covered by this Agreement will be performed during Servicer’s regular hours of 9:00 AM and 5:00 PM weekdays, excluding holidays. If emergency service is requested outside such regular hours, the Servicer’s Non-PM Plan Standard Hourly Rates prevail. (Standard hourly rates = $65.00 plus Service Charge = $65.00).
If repair is needed, the Customer can call during regular hours to speak to a Service Representative or email CFP at any time or day. The Customer will be given a course of action to resolve the problem or Customer will be scheduled for a service call. CFP Technician will respond to the request for service within 72 hours from initial call. While every effort will be made to rectify the issue as soon as possible, CFP cannot commit to a specific time frame for the actual repair, as it is dependent on type of malfunction, and parts availability. All reasonable efforts will be made to repair the equipment as timely as possible.
Any necessary repairs (non-PM related service) during regular working hours will be billed at the	following Discounted Rate for the term of this Agreement:
Labor Rate - $55.00 (1-Hour Minimum)
Service Charge - $50.00(per trip)
In the event a Technician is on site performing routine Preventative Maintenance and a repair service is required, the Discounted Labor Rate ($55.00/Hour) will apply, but the $50.00 Service Charge will not be charged. All repairs, including Diagnostic Service Calls, are billed with a one

hour minimum charge. After the initial first hour, labor will be billed in half (1/2) hour increments.	All repair labor and service charges shall be invoiced as Due Upon Receipt.
Service Requests must be made in writing by the individual Property Manager. Service Request Forms will be provided in a format that can be faxed or emailed to CFP’s Service Manager. Each form must contain essential information required for timely repair.
Repairs necessitated by casualty, acts of God (unforeseen, naturally occurring events that were unavoidable), voltage aberrations (high or low spikes in electricity to the product), abuse (misuse of product, vandalism, or any act which harms the product in any way), or negligence, are not covered by this agreement but will be provided at Servicer’s hourly rate(s) plus parts.
Repair calls requested as a result of User Error, in which no actual repair is required, will be billed at the Servicer’s hourly rate plus Service Charge.
All repair service done by Servicer will be warranted for thirty (30) days from service date and will cover specific parts and repairs written on service invoice.
All required Parts not covered by CFP’s warranty will be billed at CFP’s current Preferred Customer discounted price plus shipping charges.
A written Estimate will be presented for each billable part, and must be approved by Customer prior to ordering.
This agreement may not be amended except in writing, agreed to and signed by both parties. The agreement will automatically be renewed at the end of each term unless otherwise notified by the Customer.
This Agreement shall be construed in accordance with the laws of the State of Florida. In the event there shall be any litigation between parties, the prevailing party shall be entitled to recover from the other party its reasonable attorney fees, including any associated fees and court costs.
All unpaid balances under this agreement shall bear interest at the rate of 1.5% per month, simple interest, in the event that such invoice is not paid within thirty (30) days from date service is rendered.
Either party may cancel at any time for any reason provided a written notice has been received thirty (30) days prior to the next scheduled call. Customer shall render payment on any outstanding invoices within five (5) business days preceding cancellation of services.

It is understood and agreed that under this plan, CFP will be performing routine Preventative Maintenance procedures only, and CFP, its Directors, Officers, Employees, and Agents shall have no liability arising out of, or in connection with personal injury or property damage resulting from the use of the equipment by any person on the premises in which the equipment is located. This Agreement shall not be construed as an assumption by CFP of any risk of loss or liability due to the

undersigned’s failure to routinely inspect (or negligent inspection of) the equipment by its own staff. CFP shall not be responsible to any third party or ultimate user for harm caused by continued use of equipment and/or parts that are deemed unsafe by CFP.

Agreement Total: $1,100.00/Year ($275.00/Visit) Plus Sales Tax; Total # of PM Visits: 4 Per Year

Property Name: Lake Ashton
Property Address: 6052 Pebble Beach Blvd. Winter Haven, FL 33884
Contact: Mary Bosman	Email: mbosman@lakeashton2cdd.com
Signature:	Title: Manager

Customer Contact expressly warrants and represents that he/she has the authority and right to enter into this Agreement.

Contact Phone: (863) 595-1562	Fax: Terms: Prepayment Prior To 1st PM Visit

Effective Date: 	Ending Date:  	

CFP Approval Signature:    Casey Barnes		Date: 08/23/2021

Explanation of Services:

During each preventative maintenance visit, ALL equipment covered under this agreement will be: Inspected for safety, thoroughly cleaned on interior as well as exterior, lubricated and adjusted in accordance to manufacturers’ specifications and quoted for repairs if needed.

Equipment Covered:

QTY	BRAND	DESCRIPTION	MODEL #	SERIAL #	
4	Star Trac/Matrix	Treadmill			
2	Star Trac	Elliptical			
2	Matrix	Bike			
1	Matrix	Krankcycle			
1	Fluid	Rower			
11	Star Trac	Single Stations			
2	Misc	Free Weight			
1	PhysioStep	Recumbent Elliptical	LXT		

Scheduled Maintenance (Frequency: 4/Year)

MAY	NOVEMBER	
JUNE	DECEMBER	
JULY	JANUARY	
AUGUST	FEBRUARY	
SEPTEMBER	MARCH	
OCTOBER	APRIL	

SECTION J

33884	Date	Estimate #	
	1/28/2021	1294A	
Description	Qty	Rate	Total	
End Cap Closest to HFC				
1 Gallon Blue Daze	18	5.00	90.00	
Remove Oyster plant		0.00	0.00	
ISLAND #1 - East End (closest to Clubhouse) - Magnolias				
Remove Indian Hawthorne		0.00	0.00	
3 Gallon Mammy Croton	10	13.00	130.00	
3 Gallon Yellow Ixora	20	13.00	260.00	
3 Gallon Red Ixora	20	13.00	260.00	
1st Cart Path				
1 Gallon Blue Daze	20	5.00	100.00	
Remove Oysters		0.00	0.00	
ISLAND #2 - Elaeocarpus				
3 Gallon Copper	4	12.00	48.00	
3 Gallon Dwarf Tibouchina	16	12.00	192.00	
1 Gallon Blue Daze	80	5.00	400.00	
Remove Boxwood and (24) Loropetalum		0.00	0.00	
ISLAND #3 - Magnolia				
Remove Hawthorne		0.00	0.00	
3 Gallon Mammy Croton	10	13.00	130.00	
3 Gallon Yellow Ixora	20	13.00	260.00	
3 Gallon Red Ixora	20	13.00	260.00	
ISLAND #4 - Elaeocarpus				
Remove Boxwood		0.00	0.00	
1 Gallon Blue Daze	80	5.00	400.00	
3 Gallon Loropetalum	5	13.00	65.00	
ISLAND #5 - Magnolia				
Remove Hawthorne		0.00	0.00	
3 Gallon Mammy Croton	10	13.00	130.00	
3 Gallon Yellow Ixora	20	13.00	260.00	
3 Gallon Red Ixora	20	13.00	260.00	
GENERAL CONDITIONS/TERMS:
A deposit equal to fifty percent (50%) of the total amount, is due at time of scheduling. The balance is due upon completion of work. This estimate includes only the work specified herein. Any alterations/deviations requested above the quantities and/or scope of work and total price included in this estimate, will be completed at an additional cost. Fox Hollow Enterprises, Inc., shall not be responsible for any damages to existing irrigation and/or utilities, due to this work.	Subtotal		
	Tax (7.0%)		
	Total		
Fox Hollow Enterprises, Inc., shall complete a clean up and disposal of excess materials and debris directly related to our work. Customer shall be responsible to
seal/secure doors, windows, etc (if needed), to prevent dust from entering interior of home/building.
The customer agrees, that by signing this estimate, it shall become a legal and binding contract and shall supersede any previous agreements, discussed or implied. The customer further agrees to all terms and conditions set forth within and shall be responsible for any/all court and or attorney fees incurred by Fox Hollow Enterprises,	

33884	Date	Estimate #	
	1/28/2021	1294A	
Description	Qty	Rate	Total	
ISLAND #6 - Elaeocarpus				
Remove Boxwood		0.00	0.00	
1 Gallon Blue Daze	80	5.00	400.00	
ISLAND #7 - Magnolia				
15 Gallon Red Cluster Bottle Brush (Std Tree)	2	70.00	140.00	
1 Gallon Blue Daze	45	5.00	225.00	
3 Gallon Blue Plumbago	10	10.00	100.00	
3 Gallon Mammy Croton	20	13.00	260.00	
3 Gallon Copper	8	12.00	96.00	
3 Gallon Yellow Ixora	30	12.00	360.00	
3 Gallon Mulhy	6	12.00	72.00	
Remove Hawthorne		0.00	0.00	
1 Gallon Blue Daze	80	5.00	400.00	
Mini Excavator		500.00	500.00	
Hauling & Disposal		300.00	300.00	
Pine Bark (bags) +/-				
(includes spreading)	450	6.50	2,925.00	
Labor To:				
remove all agreed upon plants in 7 islands				
(we would mark each bed before starting so we are on the same page with what is being removed)				
		1,600.00	1,600.00	
Labor to install all plants		4,800.00	4,800.00	
NOTE:				
Not responsible for repair if irrigation lines get broken during the removal of existing landscaping.				
GENERAL CONDITIONS/TERMS:
A deposit equal to fifty percent (50%) of the total amount, is due at time of scheduling. The balance is due upon completion of work. This estimate includes only the work specified herein. Any alterations/deviations requested above the quantities and/or scope of work and total price included in this estimate, will be completed at an additional cost. Fox Hollow Enterprises, Inc., shall not be responsible for any damages to existing irrigation and/or utilities, due to this work.	Subtotal	$15,423.00	
	Tax (7.0%)	$0.00	
	Total	$15,423.00	
Fox Hollow Enterprises, Inc., shall complete a clean up and disposal of excess materials and debris directly related to our work. Customer shall be responsible to
seal/secure doors, windows, etc (if needed), to prevent dust from entering interior of home/building.
The customer agrees, that by signing this estimate, it shall become a legal and binding contract and shall supersede any previous agreements, discussed or implied. The customer further agrees to all terms and conditions set forth within and shall be responsible for any/all court and or attorney fees incurred by Fox Hollow Enterprises,	

	Date	Estimate #	
	6/15/2021	1499A	
Description	Qty	Rate	Total	
Project: Lake Ashton HFC Building Renovation				
Parking Lot (West Side of Tennis Courts)				
All trimming of Crape Myrtles - To be done end of January				
Oak - On cart path				
All Fertilization - Trees & Shrubs *(Additional Charge When Completed)*		0.00	0.00	
Tennis Courts				
Cut back viburnum around tennis courts				
(16) 3 Gallon Viburnum Replaced at $10.00/ea				
Weed all beds	16	10.00	160.00	
Back of Building				
Lift up Elaeocarpus		0.00	0.00	
Side of Rose Garden				
Remove Red Knock Outs		0.00	0.00	
3 Gallon White Knock Out Roses	21	21.50	451.50T	
Remove (2) Holly				
Trim (2) Elaeocarpus		0.00	0.00	
Front of HFC				
Remove 10 assorted unhealthy plants				
Left Side, Trim Elaeocarpus		0.00	0.00	
Front Islands				
Remove Oyster		0.00	0.00	
East End of Parking Lot (Under Bottle Brush Tree)				
Clean Up Bottle Brush				
Clean out Palms behind dumpster		0.00	0.00	
Remove Indian Hawthorne				
Disposal Fee		200.00	200.00	
Labor		6,400.00	6,400.00	
GENERAL CONDITIONS/TERMS:
A deposit equal to fifty percent (50%) of the total amount, is due at time of scheduling. The balance is due upon completion of work. This estimate includes only the work specified herein. Any alterations/deviations requested above the quantities and/or scope of work and total price included in this estimate, will be completed at an additional cost. Fox Hollow Enterprises, Inc., shall not be responsible for any damages to existing irrigation and/or utilities, due to this work.	Subtotal		
	Tax (7.0%)		
	Total		
Fox Hollow Enterprises, Inc., shall complete a clean up and disposal of excess materials and debris directly related to our work. Customer shall be responsible to seal/secure doors, windows, etc (if needed), to prevent dust from entering interior of home/building.
The customer agrees, that by signing this estimate, it shall become a legal and binding contract and shall supersede any previous agreements, discussed or implied. The
customer further agrees to all terms and conditions set forth within and shall be responsible for any/all court and or attorney fees incurred by Fox Hollow Enterprises,	

	Date	Estimate #	
	6/15/2021	1499A	
Description	Qty	Rate	Total	

NOTE:

All beds will be checked for weeds, trimming, mulch removed where necessary, plant removal, installation of new plants

Irrigation Inspection and repairs if necessary after removal of agreed upon plant material				
GENERAL CONDITIONS/TERMS:
A deposit equal to fifty percent (50%) of the total amount, is due at time of scheduling. The balance is due upon completion of work. This estimate includes only the work specified herein. Any alterations/deviations requested above the quantities and/or scope of work and total price included in this estimate, will be completed at an additional cost. Fox Hollow Enterprises, Inc., shall not be responsible for any damages to existing irrigation and/or utilities, due to this work.	Subtotal	$7,211.50	
	Tax (7.0%)	$31.61	
	Total	$7,243.11	
Fox Hollow Enterprises, Inc., shall complete a clean up and disposal of excess materials and debris directly related to our work. Customer shall be responsible to seal/secure doors, windows, etc (if needed), to prevent dust from entering interior of home/building.
The customer agrees, that by signing this estimate, it shall become a legal and binding contract and shall supersede any previous agreements, discussed or implied. The
customer further agrees to all terms and conditions set forth within and shall be responsible for any/all court and or attorney fees incurred by Fox Hollow Enterprises,	

SECTION VIII

SECTION B

LA II COMMUNITY DIRECTOR
REPORT
Meeting date: October 15, 2021

Mary Bosman
mbosman@lakeashton2cdd.com

Projects/Summaries…The following is a listing of updates around the HFC and projects that are being worked on or have been completed since the last LA II Board of Supervisors’ Meeting, on August 20, 2021 (Not necessarily in order).
The HFC is having regular “LA Scoops” ice cream events on Fridays. This is becoming very popular and many compliments weekly on doing this. We have a sponsor every other week giving the first 50 residents a free soft serve cone.
Our first Corn Hole Tournament was held here and it was a huge success. Several residents approached and expressed that they want to have regular league play here. We will be starting that very soon. We already have two more tournaments scheduled. One tournament will be in early December, entitled the Holiday Classic and another in March and we’re calling that one March Maddness (no spelling error).
We have another vendor for supplies. Sysco is supplying the bulk of ingredients for large events now which is proving to be a great cost savings for us.
The month of October is designated as Breast Cancer Awareness Month. All residents are encouraged to wear pink this month. Prizes will be awarded for the most pink appearances at activities at the end of October. Various speakers on the topic are scheduled, and most recently, the Breast Cancer Awareness Walk and breakfast was held. Approximately 100 participants walked and had fun!  We had three sponsors, so costs were absorbed there for the breakfast and water for the walk. The HFC staff have done these events for many years and residents look forward to them.
We are coordinating with resident David Fix in arranging for the Turkey Trot charity event in November along with the Eagles’ Nest and the Pro Shop staff.
We have more than 6 seminars offered this month on various topics.
In 2022, residents will have even more Friday parties at the HFC, to continue on with what we’ve already offer on Fridays.

Maintenance tasks completed:
Stop lines at designated intersections have been repainted
A large spa leak has been fixed
Multiple leaks have been repaired in the pool and spa heaters
Surge protection has been installed for the entire building
Multiple roof repairs have been made
The belts on the pool fans have been replaced
The AC at the Guard Shack has been repaired
AC in Fitness Center has been repaired
Monthly maintenance on the AC completed
Another thermostat cover/lock has been installed
James gave staff and volunteers tutorials on proper operation and maintenance/cleaning of the soft serve machine
Repairs made to a television box that was deprogrammed by a resident

Respectfully, Mary Bosman

SECTION IX

SECTION A

LAKE ASHTON II CDD
CHECK REGISTER

Check Date	Vendor #	Vendor Name	Invoice Date	Invoice Number	Expense Year/Month	Description	GL Dp-Acct-Sub	Amount	Check#	
9/30/21	3	FEDEX	9/14/21	74994415	2021/9	DELIVERIES THRU 09/07/21	310-51300-42000	$	22.20	3639	
10/08/21	17	JOE G TEDDER, TAX COLLECTOR	8/18/21	8182021	2021/9	TAX ROLL 2020	310-51300-42000	$	344.65	3652	
9/29/21	81	MARY BOSMAN	9/01/21	90121	2021/9	SEPT 21 HEALTH INSURANCE	320-57200-23000	$	250.00	3634	
9/29/21	140	RYAN A BUSWELL	9/01/21	9012021	2021/9	SEPT 21 HEALTH INSURANCE	320-57200-23000	$	46.48	3635	
9/29/21	170	JAMES MARGESON	9/01/21	9012021	2021/9	SEPT 21 HEALTH INSURANCE	320-57200-23000	$	250.00	3636	
9/29/21	87	KAREN VANKIRK	9/01/21	9012021	2021/9	SEPT 21 HEALTH INSURANCE	320-57200-23000	$	29.53	3637	
10/05/21	140	RYAN A BUSWELL	10/03/21	100321	2021/10	IT SERVICES	320-57200-34100	$	140.00	3645	
10/05/21	68	PAULETTE EDMONDS	10/01/21	100121	2021/9	SEPT 21 CLASS INSTRUCTION	320-57200-34100	$	300.00	3646	
10/05/21	69	LAURIE HEVERLY	10/01/21	100121	2021/9	SEPT 21 CLASS INSTRUCTION	320-57200-34100	$	1,000.00	3647	
10/05/21	242	SANDRA PAPINEAU	10/01/21	100121	2021/9	SEPT 21 CLASS INSTRUCTION	320-57200-34100	$	200.00	3648	
9/30/21	152	SECURITAS SECURITY SERVICES USA,INC	9/23/21	10519990	2021/9	SVCS 09/17-09/23/21	320-57200-34500	$	3,767.29	3642	
10/08/21	152	SECURITAS SECURITY SERVICES USA,INC	9/30/21	10525960	2021/9	SVCS 09/24-09/30/21	320-57200-34500	$	3,774.72	3655	
9/30/21	161	THE HARTLINE ALARM CO INC	9/20/21	212976	2021/9	SVCS 09/21	320-57200-34510	$	190.00	3643	
10/08/21	161	THE HARTLINE ALARM CO INC	9/15/21	212559	2021/10	MONITORING SVCS-10/21	320-57200-34510	$	195.00	3656	
10/08/21	193	PERFORMANCE PLUS CARTS	10/01/21	10067	2021/10	SVCS/MAINT 10/21	320-57200-34530	$	183.00	3653	
9/30/21	70	FLORIDA PEST CONTROL	9/15/21	9152021	2021/9	SVCS 09/21	320-57200-34800	$	259.93	3640	
9/30/21	51	AMERIGAS	9/14/21	31266152	2021/9	POOL HEAT	320-57200-43100	$	904.57	3638	
10/08/21	236	JANI-KING OF ORLANDO	10/01/21	2192830	2021/10	SVCS 10/21	320-57200-46010	$	2,360.00	3651	
10/08/21	86	HOME DEPOT CREDIT SERVICES	8/23/21	7022079	2021/8	SUPPLIES	320-57200-46020	$	27.03	3650	
10/08/21	86	HOME DEPOT CREDIT SERVICES	8/25/21	5022288	2021/8	SUPPLIES	320-57200-46020	$	24.98	3650	
10/08/21	86	HOME DEPOT CREDIT SERVICES	8/25/21	5620188	2021/8	SUPPLIES	320-57200-46020	$	16.40	3650	
10/08/21	86	HOME DEPOT CREDIT SERVICES	9/08/21	1023820	2021/9	SUPPLIES	320-57200-46020	$	69.07	3650	
10/08/21	86	HOME DEPOT CREDIT SERVICES	9/08/21	1023858	2021/9	SUPPLIES	320-57200-46020	$	21.18	3650	
9/29/21	170	JAMES MARGESON	9/08/21	90821	2021/9	MILEAGE REIMBURSEMENT	320-57200-46050	$	52.86	3636	
9/30/21	243	FOX HOLLOW ENTERPRISES INC	9/01/21	6617	2021/9	MAINT 09/21	320-57200-46200	$	3,200.00	3641	
9/30/21	243	FOX HOLLOW ENTERPRISES INC	9/01/21	6643	2021/9	ADD'L MAINT 09/21	320-57200-46200	$	3,200.00	3641	
10/08/21	101	POOLSURE	10/01/21	5622678	2021/10	SVCS 10/21	320-57200-46400	$	567.32	3654	
10/08/21	92	APPLIED AQUATIC MANAGEMENT, INC.	9/30/21	197296	2021/9	SVCS 09/21	320-57200-46500	$	2,730.00	3649	
9/30/21	119	WELLS FARGO VENDOR FIN SERV	9/17/21	50168294	2021/9	COPIER LEASE	320-57200-51000	$	252.57	3644	
								$ 24,378.78		

Lake Ashton II CDD
Special Assessment Receipts
Fiscal Year Ending September 30, 2021

							$1,544,991.24		$399,247.04	$330,000.00	$729,247.04	
	O&M	Debt					.36300.10000		.36300.10000	.36300.10200		
11	Collection	O&M	Debt Svc	Debt Svc	Discounts/	Discounts/	Commissions	Property	Net Amount		General Fund		05A Debt Svc Fund	06A Debt Svc Fund	Debt Total	
Received	Period	Receipts	Receipts	Interest	Penalties	Penalties	Paid	Appraiser	Received		100.00%		54.748%	45.252%	100%	

11/16/20	
10/01/20-10/31/20	
$	2,285.49	
$	-	
$ -	
$	91.42	
$	-	
$	43.88	
$	-	
$	2,150.19		
$	2,150.19		
$	-	
$	-	
$	-	
11/19/20	06/01/20-10/15/20	$	15,959.44	$ 6,476.38	$     -	$	837.87	$	340.01	$	425.16	$	-	$	20,832.78	$	14,832.74	$	3,284.89	$	2,715.15	$	6,000.04	
11/23/20	11/01/20-11/08/20	$ 153,127.83	$ 59,153.20	$     -	$ 6,125.14	$ 2,366.20	$ 4,075.79	$	-	$ 199,713.90	$	144,233.82	$	30,374.15	$	25,105.93	$ 55,480.07	
12/01/20	11/09/20-11/15/20	$ 146,271.36	$ 70,510.72	$     -	$ 5,850.88	$ 2,820.52	$ 4,162.21	$	-	$ 203,948.47	$	137,592.90	$	36,328.24	$	30,027.32	$ 66,355.56	
12/11/20	11/16/20-11/25/20	$ 638,868.18	$ 304,355.20	$     -	$ 25,524.43	$ 12,157.61	$ 18,110.83	$	-	$ 887,430.51	$	601,040.26	$	156,792.49	$	129,597.76	$ 286,390.25	
12/18/20	11/26/20-11/30/20	$ 443,385.06	$ 216,666.56	$     -	$ 17,735.48	$ 8,666.96	$ 12,672.98	$	-	$ 620,976.20	$	417,040.26	$	111,650.53	$	92,285.41	$ 203,935.94	
01/15/21	12/01/20-12/31/20	$	50,834.85	$ 24,080.13	$     -	$ 1,525.11	$	722.37	$ 1,453.35	$	-	$	71,214.15	$	48,322.41	$	12,532.73	$	10,359.00	$ 22,891.74	
01/29/21	INTEREST	$	-	$	-	$ 44.46	$	-	$	-	$	-	$	-	$	138.59		$	94.13		$	24.34	$	20.12	$	44.46	
02/16/21	01/01/21-01/31/21	$	47,995.29	$ 26,397.84	$     -	$	937.05	$	540.47	$ 1,458.31	$	-	$	71,457.30	$	46,067.54	$	13,900.34	$	11,489.41	$ 25,389.75	
03/15/21	02/01/21-02/28/21	$	15,544.75	$ 7,302.97	$     -	$	137.12	$	62.90	$	452.95	$	-	$	22,194.75	$	15,099.92	$	3,884.27	$	3,210.56	$	7,094.83	
04/15/21	03/01/21-03/31/21	$	17,006.05	$ 6,736.84	$     -	$	-	$	-	$	474.86	$	-	$	23,268.03	$	16,683.46	$	3,604.91	$	2,979.66	$	6,584.57	
04/30/21	INTEREST	$	-	$	-	$ 2.61	$	-	$	-	$	-	$	-	$	7.82		$	5.21		$	1.43	$	1.18	$	2.61	
05/14/21	04/01/21-04/30/21	$	2,285.49	$ 1,263.44	$     -	$	(68.56)	$	(37.90)	$	73.11	$	-	$	3,582.28	$	2,304.38	$	699.62	$	578.28	$	1,277.90	
06/15/21	05/01/21-05/31/21	$	4,570.98	$ 2,526.88	$     -	$ (137.13)	$	(75.80)	$	146.21	$	-	$	7,164.58	$	4,608.79	$	1,399.24	$	1,156.55	$	2,555.80	
06/21/21	TAX SALE	$	6,856.47	$ 3,776.88	$     -	$ (308.55)	$ (169.96)	$	222.24	$	-	$	10,889.62	$	7,014.04	$	2,121.80	$	1,753.78	$	3,875.58	
08/04/21	PROP APPRAISER	$	-	$	-	$ -	$	-	$	-	$	-	$ 24,809.24	$ (24,809.24)		$	(17,630.08)		$	(3,930.44)	$	(3,248.72)	$ (7,179.16)	
$ 1,544,991.24	$ 729,247.04	$ 47.07	$ 58,250.26	$ 27,393.38	$ 43,771.88	$ 24,809.24	$ 2,120,159.93	$	1,439,459.98	$	372,668.55	$	308,031.39	$ 680,699.95	
BALANCE REMAINING	$0.00	$0.00											

100.00%
$0.00

Gross Percent Collected Balance Due

SECTION B

LAKE ASHTON II
COMMUNITY DEVELOPMENT DISTRICT BALANCE SHEET
September 30, 2021

ASSETS:	 	MAJOR FUNDS	
DEBT	CAPITAL
 	GENERAL	 	SERVICE	 	PROJECTS		TOTAL GOVERNMENTAL
 	FUNDS		
CASH	$49,444	---	$3,783	$53,227	
PETTY CASH	$2,343	---	---	$2,343	
DUE FROM GENERAL FUND	---	---	$2,000	$2,000	
DUE FROM CAPITAL RESERVE	$10	---	---	$10	
INVESTMENT - STATE BOARD - SURPLUS FUNDS	$98,388	---	$399,294	$497,682	

SERIES 2006A			
RESERVE A	---	$76,713	---	$76,713	
REVENUE A	---	$94,463	---	$94,463	
PREPAYMENT A	---	$68,298	---	$68,298	
DEFERRED COST A/B	---	$3,449	---	$3,449	
COST OF ISSUANCE	---	---	$29	$29	

SERIES 2021			
INTEREST	---	$9,450	---	$9,450	
COST OF ISSUANCE	---	---	$7,544	$7,544	
DEPOSITS	$23,307	---	---	$23,307	
PREPAID EXPENDITURES	$42,868	---	---	$42,868	
TOTAL ASSETS	 	$216,359	$252,373	$412,650	$881,382

LIABILITIES:		
ACCOUNTS PAYABLE	$8,508	---	---	$8,508	
ACCRUED EXPENSES	$10,000	---	---	$10,000	
ROOM RENTAL DEPOSITS	$1,000	---	---	$1,000	
DEFERRED REVENUE	$938	---	---	$938	
DUE TO GENERAL FUND	---	---	$10	$10	
DUE TO CAPITAL RESERVE FUND	$2,000	---	---	$2,000	

TOTAL LIABILITIES	 	$22,446 	$0 	$10 	$22,455 

FUND BALANCES:
NONSPENDABLES:
DEPOSITS - TECO	$66,175	---	---	$66,175 RESTRICTED FOR:
DS-SERIES 2006A	---	$242,923	---	$242,923	
DS-SERIES 2021	---	$9,450	---	$9,450	
CAPITAL PROJECTS	---	---	$412,641	$412,641	
ASSIGNED FOR GENERAL FUND	$170,344			$170,344	
UNASSIGNED FOR GENERAL FUND	($85,473)	---	---	($85,473)	

TOTAL FUND BALANCES	 	$193,914 	$252,373 	$412,641 	$858,927 
TOTAL LIABILITIES & FUND BALANCES	 	$216,359	$252,373	$412,650	$881,382

 DESCRIPTION	

REVENUES:	ADOPTED
    BUDGET 		PRORATED BUDGET
     THRU 09/30/21 		ACTUAL
 THRU 09/30/21 		
  VARIANCE 	
SPECIAL ASSESSMENTS - TAX COLLECTOR	$1,445,344		$1,445,344		$1,439,460		($5,884)	
INTEREST EARNED	$1,500		$1,500		$584		($916)	
RENTAL FEES	$5,200		$5,200		$2,870		($2,330)	
SECURITY GUARD REVENUE	$0		$0		$125		$125	
TABLE RENTALS	$0		$0		$2,130		$2,130	
OFF DUTY OFFICER REVENUE	$0		$0		$0		$0	
CONTRIBUTIONS	$0		$0		$10,190		$10,190	
MISCELLANEOUS INCOME	$0		$0		$7,532		$7,532	
TOTAL REVENUES	  $1,452,044 		 	$1,452,044 		 	$1,462,891 		     $10,847 	
EXPENDITURES:								
ADMINISTRATIVE:								
ARBITRAGE	$1,200		$1,200		$1,200		$0	
ANNUAL AUDIT	$4,900		$4,900		$4,950		($50)	
COMPUTER TIME	$1,000		$1,000		$1,000		$0	
DISSEMINATION	$6,500		$6,500		$6,600		($100)	
DUES, LICENSES, SUBSCRIPTIONS	$175		$175		$175		$0	
INSURANCE	$11,182		$11,182		$12,730		($1,548)	
LEGAL ADVERTISING	$1,500		$1,500		$2,052		($552)	
MANAGEMENT	$60,000		$60,000		$60,000		$0	
OFFICE SUPPLIES	$250		$250		$481		($231)	
OTHER CURRENT CHARGES	$2,700		$2,700		$2,815		($115)	
GOLF COURSE STUDY	$0		$0		$0		$0	
POSTAGE	$2,000		$2,000		$1,935		$65	
PRINTING & BINDING	$1,000		$1,000		$802		$198	
TELEPHONE	$50		$50		$0		$50	
TRUSTEE FEES	$13,963		$13,963		$6,573		$7,390	
TOTAL ADMINISTRATIVE	     $106,420 		 	$106,420 		 	$101,312 		 	$5,108 	
FIELD:								
ATTORNEY	$40,000	$40,000	$61,515	($21,515)	
BUILDING CONTRACT SERVICES
SECURITY SERVICES	
$7,200	
$7,200	
$3,509	
$3,691	
CLEANING SERVICES	$28,320	$28,320	$28,013	$307	
POOL MAINTENANCE	$8,400	$8,400	$11,322	($2,922)	
BUILDING GROUNDS MAINTENANCE & SUPPLIES								
BUILDING MAINTENANCE/SUPPLIES	$30,363	$30,363	$20,951	$9,412	
GROUNDS MAINTENANCE/SUPPLIES	$7,897	$7,897	$12,206	($4,309)	
BUILDING MAINTENANCE-GOLF COURSE	$0	$0	$2,045	($2,045)	
GROUNDS MAINTENANCE-GOLF COURSE	$0	$0	$839	($839)	
PEST CONTROL	$1,340	$1,340	$1,553	($213)	
MILEAGE	$400	$400	$410	($10)	
ENGINEERRING	$15,000	$15,000	$66,181	($51,181)	
HFC SPECIAL EVENTS	$5,000	$5,000	$5,751	($751)	
LANDSCAPE CONTRACT SERVICES	$179,604	$179,604	$163,780	$15,824	
IRRIGATION MAINTENANCE	$2,000	$2,000	$0	$2,000	
LAKE MAINTENANCE	$35,560	$35,560	$34,160	$1,400	
OFFICE SUPPLIES/PRINTING/BINDING	$13,000	$13,000	$13,216	($216)	
PERMITS/INSPECTIONS	$1,500	$1,500	$835	$665	

 DESCRIPTION	 PERSONNEL EXPENSES	ADOPTED
    BUDGET 	PRORATED BUDGET
     THRU 09/30/21 	ACTUAL
 THRU 09/30/21 	
  VARIANCE 	
EXERCISE INSTRUCTORS	$19,340	$19,340	$24,911	($5,571)	
FICA EXPENSE	$15,972	$15,972	$15,028	$944	
HEALTH INSURANCE	$10,622	$10,622	$7,556	$3,066	
SALARIES	$196,016	$196,016	$196,653	($637)	
INSURANCE	$4,000	$4,000	$1,737	$2,263	
PROPERTY INSURANCE	$21,854	$21,854	$24,443	($2,589)	
SECURITY CONTRACT SERVICES				$0	
GATE ATTENDANTS	$196,170	$196,170	$199,036	($2,866)	
OFF DUTY SECURITY-EVENTS	$0	$0	$0	$0	
VIDEO SECURITY-ADT	$0	$0	$0	$0	
SECURITY EXTRAS	$4,000	$4,000	$2,549	$1,451	
UTILITIES					
ELECTRIC	$130,000	$130,000	$127,898	$2,102	
REFUSE	$5,000	$5,000	$2,696	$2,304	
WATER	$35,000	$35,000	$25,376	$9,624	
TELEPHONE	$15,000	$15,000	$11,804	$3,196	
GAS/PROPANE	 	$30,000 	 	$30,000 	 	$32,120 	      ($2,120) 	
TOTAL FIELD	 $1,058,558 	 	$1,058,558 	 	$1,098,093 	    ($39,535) 	

TOTAL PROJECT:

FIRST QUARTER OPERATING RESERVES	$265,271	$265,271	$0	$265,271

TOTAL PROJECT	 $265,271 		 	$265,271 		 	$0 		   $265,271 	
TOTAL EXPENDITURES	 $1,430,249 		 	$1,430,249 		 	$1,199,405 		   $230,844 	
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES	 	$21,795 		
 	$21,795 		
 	$263,486 		
   $241,691 	
OTHER FINANCIANG SOURCES/(USES):							
INTERFUND TRANSFER IN/(OUT)-CAPITAL RESERVE	($192,139)		($192,139)		($192,139)		$0	
TOTAL OTHER FINANCING SOURCES/(USES)	   ($192,139) 		 	($192,139) 		 	($192,139) 		 	$0 	
NET CHANGE IN FUND BALANCE	($170,344)		($170,344)		$71,347		$241,691	
							
FUND BALANCE - Beginning	$170,344				$122,567			
FUND BALANCE - Ending	 	$0 				$193,914			

ADOPTED BUDGET	OCT		NOV	DEC	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	SEPT	TOTAL	
REVENUES:																
11																
SPECIAL ASSESSMENTS	.300.363.10000	$1,445,344	$0	$161,217	$1,155,673	$48,322	$46,162	$15,100	$16,689	$2,304	$11,623	$0	($17,630)	($0)	$1,439,460	
INTEREST EARNED	.300.361.10000	$1,500	$11	$0	$11	$123	$90	$81	$66	$59	$35	$67	$29	$13	$584	
RENTAL FEES	.300.362.10000	$5,200	$200	$0	$0	$0	$0	$0	$0	$0	$1,400	$520	$0	$750	$2,870	
SECURITY GUARD REVENUE	.300.362.10100	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$125	$0	$0	$125	
TABLE RENTALS	.300.362.10200	$0	$0	$0	$0	$0	$0	$0	$0	$670	$10	$1,320	$20	$110	$2,130	
OFF DUTY OFFICER REVENUE	.300.362.10300	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
CONTRIBUTIONS	.300.366.10000	$0	$0	$0	$0	$0	$0	$0	$2,120	$0	$422	$216	$5,477	$1,955	$10,190	
MISCELLANEOUS INCOME	.300.369.10000	$0	$7	$149	$0	($40)	$101	$22	$97	$216	$1,316	$76	$5,509	$80	$7,532	
CARRY FORWARD SURPLUS	.300.271.10000	$170,344	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
TOTAL REVENUES		$1,622,388	$218	$161,366	$1,155,684	$48,406	$46,352	$15,202	$18,972	$3,249	$14,806	$2,324	($6,595)	$2,908	$1,462,891	

EXPENDITURES:																
ADMINISTRATIVE																
ARBITRAGE	310.513.31200	$1,200	$0	$0	$0	$600	$0	$0	$0	$0	$0	$0	$600	$0	$1,200	
ANNUAL AUDIT	310.513.32200	$4,900	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1,500	$3,450	$0	$4,950	
COMPUTER TIME	310.513.31500	$1,000	$83	$83	$83	$83	$83	$83	$83	$83	$83	$83	$83	$83	$1,000	
DISSEMINATION	310.513.31300	$6,500	$500	$600	$1,000	$500	$500	$500	$500	$500	$500	$500	$500	$500	$6,600	
DUES, LICENSES AND SUBSCRIPTIONS	310.513.54000	$175	$175	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$175	
INSURANCE	310.513.45000	$11,182	$12,730	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$12,730	
LEGAL ADVERTISING	310.513.48000	$1,500	$0	$140	$140	$140	$140	$140	$140	$127	$79	$916	$0	$90	$2,052	
MANAGEMENT FEES	310.513.34000	$60,000	$5,000	$5,000	$5,000	$5,000	$5,000	$5,000	$5,000	$5,000	$5,000	$5,000	$5,000	$5,000	$60,000	
OFFICE SUPPLIES	310.513.51000	$250	$0	$21	$20	$20	$20	$27	$20	$273	$20	$20	$20	$20	$481	
OTHER CURRENT CHARGES	310.513.49000	$2,700	$233	$211	$247	$166	$238	$227	$186	$191	$222	$209	$212	$474	$2,815	
POSTAGE	310.513.42000	$2,000	$468	$73	$127	$57	$45	$77	$62	$118	$78	$190	$263	$379	$1,935	
PRINTING AND BINDING	310.513.42500	$1,000	$269	$3	$55	$14	$7	$7	$17	$6	$6	$12	$215	$192	$802	
TELEPHONE	310.513.41000	$50	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
TRUSTEE FEES	310.513.32300	$13,963	$0	$0	$0	$0	$0	$6,573	$0	$0	$0	$0	$0	$0	$6,573	
TOTAL ADM. EXPENDITURES		$106,420	$19,458	$6,130	$6,673	$6,580	$6,033	$12,633	$6,008	$6,298	$5,988	$8,431	$10,342	$6,738	$101,312	

FIELD:

ATTORNEY	310.513.31500	$40,000	$8,881	$6,651	$5,877	$5,232	$5,409	$571	$4,627	$5,257	$4,829	$6,246	$3,937	$4,000	$61,515	
BUILDING CONTRACT SERVICES		$43,920														
SECURITY SERVICES	320.572.34510		$559	$0	$465	$635	$0	$130	$795	$455	$0	$280	$0	$190	$3,509	
CLEANING SERVICES	320.572.46010		$2,360	$2,360	$2,053	$2,360	$2,360	$2,360	$2,360	$2,360	$2,360	$2,360	$2,360	$2,360	$28,013	
POOL MAINTENANCE	320.572.46400	 		$567	$1,497	$661	$567	$1,167	$567	$1,677	$1,321	$836	$1,170	$723	$567	$11,322	
TOTAL BUILDING CONTRACT SERVICES		$43,920	$3,487	$3,857	$3,179	$3,562	$3,527	$3,057	$4,832	$4,136	$3,196	$3,810	$3,083	$3,117	$42,844	
BUILDING /GROUNDS MAINTENANCE & SUPPLIES		$40,000														
BUILDING MAINTENANCE/SUPPLIES	320.572.46020		$1,398	$2,578	$925	$4,140	$267	$2,304	$319	$4,144	$1,661	$1,570	$1,555	$90	$20,951	
GROUNDS MAINTENANCE/SUPPLIES	320.572.46030		$1,496	$73	$255	$193	$750	$3,428	$3,469	$944	$650	$473	$475	$0	$12,206	
BUILDING MAINTENANCE-GOLF COURSE	320.572.46060		$0	$0	$0	$0	$0	$0	$0	$0	$0	$1,950	$95	$0	$2,045	
GROUNDS MAINTENANCE-GOLF COURSE	320.572.46070		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$839	$0	$839	
PEST CONTROL	320.572.34800		$207	$128	$0	$79	$0	$0	$337	$0	$128	$286	$128	$260	$1,553	
MILEAGE	320.572.46050		$52	$108	$45	$56	$0	$57	$39	$0	$0	$0	$0	$53	$410	
TOTAL BUILDING /GROUNDS MAINTENANCE & SUPPLIES		$40,000	$3,153	$2,887	$1,225	$4,468	$1,017	$5,788	$4,165	$5,088	$2,439	$4,279	$3,092	$403	$38,003	
ENGINEERING	310.513.31100	$15,000	$9,840	$5,839	$8,243	$6,604	$9,842	$6,838	$1,950	$2,528	$3,784	$2,848	$4,364	$3,500	$66,181	
HFC SPECIAL EVENTS	320.572.49400	$5,000	$776	$227	$107	$0	$101	$71	$9	$288	$648	$634	$2,890	$0	$5,751	

ADOPTED BUDGET	OCT	NOV	DEC	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	SEPT	TOTAL	
LANDSCAPE CONTRACT SERVICES	320.572.46200	$179,604	$14,968	$21,247	$8,745	$15,318	$14,051	$14,051	$14,051	$16,142	$14,299	$14,399	$10,110	$6,400	$163,780	
IRRIGATION MAINTENANCE	320.572.46210	$2,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
LAKE MAINTENANCE	320.572.46500	$35,560	$2,730	$2,730	$3,430	$2,730	$2,730	$2,730	$2,730	$2,730	$3,430	$2,730	$2,730	$2,730	$34,160	
OFFICE SUPPLIES/PRINTING/BINDING	320.572.51000	$13,000	$1,628	$632	$1,554	$1,824	$2,407	$911	$1,197	$543	$485	$580	$949	$505	$13,216	
PERMITS/INSPECTIONS	320.572.49300	$1,500	$0	$275	$0	$0	$0	$0	$0	$0	$560	$0	$0	$0	$835	
PERSONNEL EXPENSES		$245,950														
EXERCISE INSTRUCTORS	320.572.34100		$3,948	$2,992	$2,045	$1,375	$1,549	$2,203	$1,525	$1,900	$2,075	$1,640	$2,161	$1,500	$24,911	
FICA EXPENSE	320.572.21000		$1,132	$1,122	$1,727	$1,154	$1,253	$1,259	$1,242	$1,112	$1,114	$1,681	$1,104	$1,128	$15,028	
HEALTH INSURANCE	320.572.23000		$471	$500	$500	$673	$673	$673	$673	$731	$665	$711	$711	$576	$7,556	
SALARIES	320.572.12000		$14,793	$14,670	$22,579	$15,085	$16,373	$16,454	$16,240	$14,534	$14,776	$21,980	$14,431	$14,739	$196,653	
INSURANCE	320.572.24000		$1,737	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1,737	
PERSONNEL EXPENSES		$245,950	$22,080	$19,284	$26,850	$18,287	$19,847	$20,588	$19,680	$18,277	$18,630	$26,012	$18,408	$17,942	$245,884	
PROPERTY INSURANCE	320.572.45000	$21,854	$24,443	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$24,443	
SECURITY CONTRACT SERVICES		$200,170														
GATE ATTENDANTS	320.572.34500		$15,106	$19,151	$15,831	$15,427	$15,099	$18,844	$15,574	$19,092	$15,221	$15,340	$19,020	$15,332	$199,036	
OFF DUTY SECURITY-EVENTS	320.572.34501		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
VIDEO SECURITY-ADT	320.572.34520		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
SECURITY EXTRAS	320.572.34530		$290	$183	$183	$183	$183	$358	$0	$183	$183	$437	$183	$183	$2,549	
TOTAL SECURITY CONTRACT SERVICES	$200,170	$15,396	$19,334	$16,014	$15,610	$15,282	$19,202	$15,574	$19,275	$15,404	$15,777	$19,203	$15,515	$201,585	
UTILITIES		$215,000														
ELECTRIC	320.572.43000		$10,441	$10,395	$10,417	$10,335	$10,666	$10,436	$10,503	$10,673	$10,662	$10,665	$10,990	$11,714	$127,897.89	
REFUSE	320.572.34900		$195	$195	$195	$196	$196	$200	$208	$261	$261	$261	$263	$264	$2,696.38	
WATER	320.572.43200		$1,786	$1,600	$1,534	$2,215	$0	$1,787	$2,127	$3,208	$3,213	$2,741	$2,666	$2,500	$25,375.97	
TELEPHONE	320.572.41000		$277	$1,679	$960	$962	$1,122	$956	$963	$976	$976	$978	$978	$978	$11,804.24	
GAS/PROPANE	320.572.43100		$3,565	$2,135	$1,949	$3,808	$3,725	$5,205	$2,990	$2,249	$1,866	$1,687	$2,035	$905	$32,120.32	
MAINTENANCE	320.572.46000		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0.00	
TOTAL UTILITIES		$215,000	$16,264	$16,003	$15,055	$17,517	$15,709	$18,584	$16,791	$17,368	$16,979	$16,333	$16,932	$16,360	$199,895	

TOTAL FIELD EXPENDITURES	$1,058,558	$123,645	$98,966	$90,277	$91,151	$89,922	$92,391	$85,605	$91,632	$84,684	$93,648	$85,697	$70,473	$1,098,093	

FIRST QUARTER OPERATING RESERVES	$265,271	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0

OTHER SOURCES/(USES)

INTERFUND TRANSFER IN/(OUT)	300.581.10000	($192,139)	$0	$0	$0	($192,139)	$0	$0	$0	$0	$0	$0	$0	$0	($192,139)	
TOTAL OTHER SOURCES/(USES)	($192,139)	$0	$0	$0	($192,139)	$0	$0	$0	$0	$0	$0	$0	$0	($192,139)	

TOTAL EXPENDITURES	$1,622,388	$143,103	$105,096	$96,950	$289,871	$95,955	$105,024	$91,613	$97,930	$90,672	$102,079	$96,040	$77,211	$1,391,544	
EXCESS/REVENUES(EXPENDITURES	$0	($142,885)	$56,269	$1,058,734	($241,465)	($49,603)	($89,822)	($72,642)	($94,681)	($75,866)	($99,755)	($102,635)	($74,303)	$71,347	

LAKE ASHTON II
COMMUNITY DEVELOPMENT DISTRICT
CAPITAL PROJECTS
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FOR THE PERIOD ENDED SEPTEMBER 30, 2021

 DESCRIPTION	

REVENUES:		ADOPTED
 	BUDGET			PRORATED BUDGET
 	THRU 09/30/21			ACTUAL
 	THRU 09/30/21			 	VARIANCE		
CAPITAL RESERVE - TRANSFER IN		$192,139		$192,139		$192,139		$0	
MISCELLANEOUS INCOME		$0		$0		$2,000		$2,000	
INTEREST EARNED		$1,000		$1,000		$597		($403)	
TOTAL REVENUES		 	$193,139 		 	$193,139 		 	$194,736 		 	$1,597 	
EXPENDITURES:									

BANK CHARGES	$600	$600	$568	$32

CAPITAL PROJECTS - FY19
ANNUAL EXPENSES:
PUBLIC WORKS-BRIDGES/PATHWAYS (ROADWAYS) (1)	$32,000	$32,000	$3,314	$28,686	
EQUIPMENT-ATHLETIC	$18,500	$18,500	$6,940	$11,560	
LANDSCAPE REPLACEMENT	$15,000	$15,000	$6,686	$8,314	
OTHER CAPITAL PROJECT EXPENSES	$30,000	$30,000	$10,872	$19,128	
SPECIFIC PROJECTS:
FITNESS FLOOR	
$15,000	
$15,000	
$0	
$15,000	
ICE MACHINE	$10,000	$10,000	$0	$10,000	
POOL/SPA REPAIRS	$5,000	$5,000	$5,349	($349)	
RACQUETBALL FLOOR	$14,500	$14,500	$0	$14,500	
SPLIT SYSTEM (AIR HANDLER)	$120,000	$120,000	$0	$120,000	
SPORTS FLOOR	$14,500	$14,500	$0	$14,500	
WATER HEATER	$2,000	$2,000	$0	$2,000	
PORTICO REPAIRS	$0	$0	$50,200	($50,200)	
SURGE PROTECTION	$0	$0	$24,449	($24,449)	
CONFERENCE SYSTEM	$0	$0	$855	($855)	
ROOF REPAIRS	$0	$0	$690	($690)	
PROMISSORY NOTE PAYMENT	$147,877	$147,877	$147,877	$0	
TOTAL EXPENDITURES	 	$424,977 		 	$424,977 		 	$257,801 		 	$167,176 	
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES	 	($231,838) 		
 	($231,838) 		
 	($63,065) 		
 	$168,773 	
OTHER FINANCIANG SOURCES/(USES):								
INTERGOVERNMENTAL TRANSFER FROM LA1	$115,000		$115,000		$115,000		$0	
TOTAL OTHER FINANCIANG SOURCES/(USES)	 	$115,000 		 	$115,000 		 	$115,000 		 	$0 	
NET CHANGE IN FUND BALANCE	($116,838)		($116,838)		$51,935		$168,773	
								
FUND BALANCE - Beginning	$350,165				$353,132			
FUND BALANCE - Ending	 	$233,327 				$405,067			

(1) Road repairs not used during the current fiscal year will be set aside in an investment account to use for future road repairs.

Page 6

 DESCRIPTION	

REVENUES:		ADOPTED
   BUDGET 		PRORATED BUDGET
 	THRU 09/30/21			ACTUAL
 THRU 09/30/21 		   VARIANCE 	
SPECIAL ASSESSMENTS - ON ROLL		$394,800		$394,800		$372,669		($22,131)	
SPECIAL ASSESSMENTS - OFF ROLL		$0		$0		$0		$0	
SPECIAL ASSESSMENTS - PREPAYMENTS		$0		$0		$107,554		$107,554	
INTEREST EARNED		$6,000		$6,000		$50		($5,950)	
TOTAL REVENUES		  $400,800 		 	$400,800 		 	$480,273 		 	$79,474 	
EXPENDITURES:									
SERIES 2005A:
INTEREST - 11/1		
$109,381		
$109,381		
$109,381		
$0	
INTEREST - 5/1		$109,381		$109,381		$105,216		$4,166	
PRINCIPAL - 5/1		$165,000		$165,000		$160,000		$5,000	
SPECIAL CALL - 11/1		$35,000		$35,000		$155,000		($120,000)	
SPECIAL CALL - 5/1		$0		$0		$15,000		($15,000)	
TOTAL EXPENDITURES	 $418,763 		 	$418,763 		 	$544,597 		 	($125,834) 	
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES	 ($17,963) 		
 	($17,963) 		
 	($64,324) 		
 	($46,361) 	
OTHER FINANCING SOURCES/(USES):								
PROCEEDS FROM REFUNDING BONDS	$0		$0		$3,348,456		$3,348,456	
INTERFUND TRANSFER	$0		$0		($9,450)		($9,450)	
PAYMENT TO ESCROW AGENT	$0		$0		($3,831,578)		($3,831,578)	
TOTAL OTHER FINANCING SOURCES/(USES)	 	$0 		 	$0 		 	($492,572) 		 	($492,572) 	
NET CHANGE IN FUND BALANCE	($17,963)		($17,963)		($556,895)		($538,933)	
								
FUND BALANCE - Beginning	$159,026				$556,895			
FUND BALANCE - Ending	  $141,064 				 	$0 			

 DESCRIPTION	

REVENUES:		ADOPTED
   BUDGET 		PRORATED BUDGET
 	THRU 09/30/21			ACTUAL
 THRU 09/30/21 		 VARIANCE 	
ASSESSMENTS - ON ROLL		$310,388		$310,388		$308,031		($2,356)	
ASSESSMENTS - PPMTS		$0		$0		$90,301		$90,301	
INTEREST INCOME		$0		$0		$12		$12	
TOTAL REVENUES		$310,388		$310,388		$398,344		$87,957	

EXPENDITURES:									
SERIES 2006A:									
INTEREST - 11/1		$94,208		$94,208		$94,208		$0	
INTEREST - 5/1		$94,208		$94,208		$93,545		$663	
PRINCIPAL - 5/1		$120,000		$120,000		$120,000		$0	
SPECIAL CALL - 11/1		$0		$0		$25,000		($25,000)	
SPECIAL CALL - 5/1		$0		$0		$25,000		($25,000)	
TOTAL EXPENDITURES	 $308,415 		 	$308,415 		 	$357,753 		   ($49,338) 	
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES	 	$1,973 		
 	$1,973 		
 	$40,592 		
    $38,619 	
NET CHANGE IN FUND BALANCE	$1,973		$1,973		$40,592		$38,619	
								
FUND BALANCE - Beginning	$104,687				$202,331			
FUND BALANCE - Ending	  $106,659 				 	$242,923 			
Maximum Annual Debt Service								

DEBT SERVICE FUND - SERIES 2021
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FOR THE PERIOD ENDED SEPTEMBER 30, 2021

 DESCRIPTION	

REVENUES:		ADOPTED
   BUDGET 		PRORATED BUDGET
 	THRU 09/30/21			ACTUAL
 THRU 09/30/21 		 VARIANCE 	
ASSESSMENTS - ON ROLL		$0		$0		$0		$0	
INTEREST INCOME		$0		$0		$0		$0	
TOTAL REVENUES		$0		$0		$0		$0	

EXPENDITURES:									
SERIES 2021:									
INTEREST - 11/1		$0		$0		$0		$0	
INTEREST - 5/1		$0		$0		$0		$0	
PRINCIPAL - 5/1		$0		$0		$0		$0	
TOTAL EXPENDITURES	 	$0 		 	$0 		 	$0 		 	$0 	
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES	 	$0 		
 	$0 		
 	$0 		
 	$0 	

OTHER FINANCIANG SOURCES/(USES):

INTERFUND TRANSFER

TOTAL OTHER FINANCIANG SOURCES/(USES)
NET CHANGE IN FUND BALANCE

FUND BALANCE - Beginning

FUND BALANCE - Ending

$0	$0	$9,450	$9,450

 	$0	 	$0	 	$9,450	 	$9,450 

 	$0	 	$0	$9,450	$9,450
 	 	
$0	$0

 	$0	 	$9,450 

 	

Long Term Debt Report FY 2021

Series 2006A, Capital Improvement Revenue Bonds	

Interest Rate:	
5.300%		
Maturity Date:	5/1/38	$3,555,000.00	
Bonds outstanding - 9/30/2020		$3,555,000.00	
	November 1, 2020 (Special Call)	($25,000.00)	
	May 1, 2021 (Mandatory)	($120,000.00)	
	May 1, 2021 (Special Call)	($25,000.00)	
Current Bonds Outstanding		$3,385,000.00	
	
Series 2021, Capital Improvement Revenue Bonds	
Interest Rate:
Maturity Date:

Bonds outstanding - 9/15/2021	Various 5/1/36	
$3,535,000.00

$3,535,000.00	
Current Bonds Outstanding		$3,535,000.00	

Total Current Bonds Outstanding	$6,920,000.00

 DESCRIPTION	

REVENUES:

INTEREST EARNED	  BUDGET 

$0		 	THRU 09/30/21	

$0		 THRU 09/30/21 

$0		 VARIANCE 

$0	
TOTAL REVENUES	 	$0 		 	$0 		 	$0 		 	$0 	
EXPENDITURES:								
CAPITAL OUTLAY	$0		$0		$0		$0	
TOTAL EXPENDITURES	 	$0 		 	$0 		 	$0 		 	$0 	
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES	 	$0 		
 	$0 		
 	$0 		
 	$0 	
NET CHANGE IN FUND BALANCE	$0		$0		$0		$0	
								
FUND BALANCE - Beginning	$0				$29			
FUND BALANCE - Ending	 	$0 				 	$29 			

 DESCRIPTION	

REVENUES:

INTEREST EARNED	  BUDGET 

$0		 	THRU 09/30/21	

$0		 THRU 09/30/21 

$0		 VARIANCE 

$0	
TOTAL REVENUES	 	$0 		 	$0 		 	$0 		 	$0 	
EXPENDITURES:								
COST OF ISSUANCE	$0		$0		$179,000		($179,000)	
TOTAL EXPENDITURES	 	$0 		 	$0 		 	$179,000 		 ($179,000) 	
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES	 	$0 		
 	$0 		
 	($179,000) 		
 ($179,000) 	
OTHER FINANCIANG SOURCES/(USES):								
REFUNDING BOND PROCEEDS	$0		$0		$186,544		$186,544	
TOTAL OTHER FINANCIANG SOURCES/(USES)	 	$0 		 	$0 		 	$186,544 		  $186,544 	
NET CHANGE IN FUND BALANCE	$0		$0		$7,544		$7,544	
								
FUND BALANCE - Beginning	$0				$0			
FUND BALANCE - Ending	 	$0 				 	$7,544