Lake Ashton II Community Development District
December 4, 2018

Lake Ashton II
Community Development District
5385 N. Nob Hill Road, Srmrise, Flon"da 33351 Plw11e: 954-721-8681 -Fax: 954-721-9202

November 27, 2018

Board of Supervisors Lake Ashton II
Community Development District

Dear Board Members:
A special meeting of the Board of Supervisors of Lake Ashton II Community Development District is scheduled for December 4, 2018 at 9:45 a.m. at the Lake Ashton Health & Fitness Center, 6052 Pebble Beach Boulevard, Winter Haven, Florida. Following is the advance agenda:
Oath of Office for Newly Elected Supervisors Elected at the General Election for Seat #1 and Seat #3
Roll Call and Pledge of Allegiance
Approval of Meeting Agenda
Public Comments on Specific Items on the Agenda (speakers will fill out a card and submit it to the District Manager prior to beginning of the meeting. Individuals providing speaker cards will also have an opportunihJ to speak prior to Board action)

Organizational Matters
Consideration of Resolution #2019-01 Confirming the General Election Results
Consideration of Resolution #2019-02 Electing Officers
Recess (meeting will reconvene immediatelyfollowing the adjournment of thejoint meeting)
Approval of the Minutes of Lake Ashton CDD and Lake Ashton II CDD Joint Meeting held on October 5, 2018 and Minutes of the Lake Ashton II CDD Meeting held on October 5, 2018
Unfinished Business
New Business/ Supervisors Requests
Consideration of Enhancement Proposal from Yellowstone Landscape
Consideration of Preventative Maintenance Plan Agreement from Commercial Fitness Products
Approval of Disposal of Lake Ashton II CDD Disposal List of Surplus Property
Budget and Miscellaneous Items for Discussion (requested by Supervisor Wright)
Staff and Board Reports
Attorney
Engineer
CDD Manager
Lake Ashton II Community Director
Financial Reports
Approval of Check Run Summary
Combined Balance Sheet
Public Comments
Adjournment

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RESOLUTION 2019..01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT RECOGNIZING AND ACCEPTING THE POLK COUNTY CANVASSING BOARD'S DECLARATION AND CERTIFICATION OF THE RESULTS OF THE NOVEMBER 06, 2018 GENERAL ELECTION FOR SUPERVISORS OF THE LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Lake Ashton II Community Development District (the "District"), is required to hold elections for membership of the Board of Supervisors of the District (the "Board"), pursuant to the provisions of Section 190.006, Florida Statutes; and

WHEREAS, an election of Board members was held at the same time as the General Election in Polk County; and

WHEREAS, on November 06, 2018, the Supervisor of Elections of Polk County appointed inspectors and clerks of elections, prepared and furnished ballots, designated polling places, and held elections for members of the Board of Supervisors of the District; and
WHEREAS, the Supervisor of Elections of Polk County canvassed the returns of the election of District Board members by the qualified electors of the District; and

WHEREAS, the Polk County Canvassing Board has declared and certified the results of the election for Board members which the District desires to recognize and accept.

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

	The Board of Supervisors of the District hereby recognizes and accepts the results of the November 06, 2018, election of members of the Board of

Supervisors as certified by the Polk County Canvassing Board as set forth in	                    Exhibit A attached hereto and incorporated herein by reference.

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	Having taken the oath of office as prescribed by Section 876.05, Florida Statutes, the Board of Supervisors hereby recognizes the election of the following persons to a four year term of office:

A.

3.

Bob

James Joseph Mecsics
B.	Zelazny

Seat	#	1

Seat

4. This resolution shall take effect immediately upon its passage and adoption.

PASSED AND ADOPTED THIS,

DAY OF

Chairman / Vice Chairman

Secretary / Assistant Secretary

 	Exhibit A	
James Joseph Mecsics (NQN}. S�tt(#1
Office: Lake Ashton n Community Development Dist. Seat 3
Bob Zelazny (NON)
(Active-Unopposed)

RESOLUTION 2019-02
A	RESOLUTION	ELECTING	OFFICERS	OF	THE	LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT

WHEREAS, the Board of Supervisors of the Lake Ashton U Community

Development District at a regula.r business meeting held on the below recited persons to the offices specified

desires to elect

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE LAKE ASHTON II COMMUNITY DEVELOP1\1ENT DISTRICT:

1. The following persons were elected to the offices shown, to wit:

PASSED AND ADOPTED THIS

Chairman

Vice Cha.irman Treasurer Secretary Assistant Secretary Assistant Secretary Assistant Secretary Assistant Secretary Assistant Secretary

, 	DAY OF  	

Chairman / Vice Chairman

Secretary/ Assistant Secretary

MINUTES OF MEETING LAKE ASHTON
COMMUNITY DEVELOPMENT DISTRICT AND
LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT

The joint meeting of the Board of Supervisors of the Lake Ashton Comm.unity Development District and Lake Ashton II Comm.unity Development District was held on October 5, 2018 at 9:00 a.m. at the Lake Ashton II Health & Fitness Center, 6052 Pebble Beach Boulevard, Winter Haven, Florida.

Present and constituting a quorum:

Carol Pontious Borden Deane Mike Costello Brenda VanSickle Bob Ference

Doug Robertson Jam.es Mecsics Daniel Murphey Stanley Williams Carla Wright

Also present:

Jillian Burns Andrew d'Adesky Jan Carpenter Christine Wells Mary Bosman Numerous residents

FIRST ORDER OF BUSINESS

Chairman
Vice Chairman Assistant Secretary Assistant Secretary Assistant Secretary

Chairman  Vice Chairman
Assistant Secretary Assistant Secretary
Assistant Secretary (by phone)

District Manager District Counsel District Counsel
Lake Ashton CDD Comm.unity Director Lake Ashton II CDD Comm.unity Director

Roll	Call	and	Pledge	of
Allegiance

Ms. Burns called the roll and everyone recited the Pledge of Allegiance.

October 5, 2018	Lake Ashton CDD and Lake Ashton CDD II

SECOND ORDER OF BUSINESS	Public	Comments	on	Specific
Items on the Agenda (speakers willfill out a card and submit it to the District Manager prior to beginning ofthe meeting)
Mr. Robertson: Next we have public comments. I will note that we received a speaker card from Bob Zelazny as the first person to speak. Bob?
Mr. Zelazny: I am Bob Zelazny and I live at 5192 Pebble Beach Boulevard in Winter Haven. First I would like to thank the negotiating team for where it got to this point so far. Many of you have heard my comments before, but I am going to reiterate them again because I think they are important. I am a strong advocate for the purchasing of the land. I view the land, golf paths, the bridges, and the ponds as amenities enjoyed by all residents of Lake Ashton. Having said that, there is an inherent cost to maintain them that should be shared by every resident whether they golf or not. This is no different from any amenity offered at Lake Ashton. Now I will address the costs in a minute. The golf club itself should be viewed as an activity, no different than pickleball, the pet parks, and bocce ball. The CDD has expended resources to provide these activities with lands and facilities. These activities continue to self-fund themselves with little or no additional resources from the CDD. With that in mind, the golf club as an activity should be self-funding through membership and be no burden to the non-golfing residents. To the non-golfers, it will just offer an additional economic incentive to support the continued operation of the golf club. Based on an earlier analysis presented to the CDDs, the annual assessment to minimally maintain the land associated with the amenities could run an excess of $600 per household per year. If we continue to operate the golf club, those same annual assessments could be reduced down to approximately

$200 per year per household. I would now like to address today's presentation. I �ave two concerns from the basic terms that are discussed. First is the agreement to split the pro-rated membership fees. I feel that if they accept it, the golf course could have a first year operating deficit in excess of $400,000. I understand that the pro-rating of the dues is to offset the seller paying off the bond. I would propose that in lieu of accepting the pro-rated dues option that these dollars be added to the cost of the land thereby allowing

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October 5, 2018	Lake Ashton CDD and Lake Ashton CDD II

those funds to be spread out over the payment period and leaving the golf club with the operating revenues necessary. To ensure the golf club has sufficient funds to operate through this year, all revenue resulting from the collection should be transferred to the buyer obviously less those revenues extended between October 1st and the closing date. The second issue is the upfront payment for the free  golf memberships.   Based on the operating figure, the golf course received $4,000 per new home that accepts first year membership.    This  is  estimated  to  be  sixty  homes  based  on  30 %  acceptance  of  golf memberships as a part of the contract. I would not object to taking less than the full membership being for new members, but I feel that the anticipated percentage of new residents that take the free golf should be verified based on previous years' sales records. To me it certainly would not be a deal breaker for me, as it does sever all financial ties between the current owner, the builder, and us. Three quick thoughts in closing, first there must be an acknowledgement that if we move forward there will be an assessment on every home.   The question only is how much?   The Board has done a great service today by not increasing fees while maintaining our community standards, but to thinl, that we can purchase and maintain 200 acres of greenspace, approximately ten miles of bridges and paths, and approximately twenty lakes and mitigation ponds without an increase would be irresponsible.  Secondly I need to make sure you do not focus only on the offered price when making the decision. You need to determine the total cost, which would include  lot revenues from shared dues, non-reimbursements for free memberships,  and taxes.   We should ensure that the total amount does not exceed the appraised value of the property.  And lastly, let me just remind the members of the Board that many of us believe the responsibility to be, and that is to maintain, protect, and improve our community assets that would ensure that we protect our property values and maintain our lifestyle. Thanl, you.
Mr. Robertson:  Janice Gordon.
Ms. Gordon: My name is Janice Gordon. I live at 5525 Hogan Lane. Thank you for allowing me to speak On the preliminary term sheet provided to the residents,  I'd like the Boards to address in their discussion today: 1) the information provided seems

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October 5, 2018	Lake Ashton CDD and Lake Ashton CDD II

like there is an assumption that the purchase provides for keeping the golf courses functioning as they are currently.   Is this the case?  If so, does the purchase include the paths and take into consideration the suggested improvements made by the consultants? What are the exact time limits for the 50/50 split of membership fees, especially resales? Will HOA fees paid by the seller be put into an escrow account? How will the HOA fees be credited to CDD I and CDD II since they are separate entities? 2) While you have provided us with information about the golf courses, there is no information on the two businesses included in the purchase. What are the current operating expenses for the Pro Shop and the Eagle's Nest? Are the furnishings included in the sale? How many employees both full and part time are currently employed? Once the sale is finalized, there will be an immediate outlay of funds for these expenses. Where will that money come from? I know my time is limited so I will stop here, though I have other things, but I appreciate consideration of what I mentioned in your discussion. Thank you.
Mr. Robertson: Steve Realmuto.
Mr. Realmuto: Steve Realmuto, 3624 Blackmoor Lane. First off, I want to thank the community for putting onto paper the context of the proposal that was distributed with the agenda today. I understand that it is essentially what the developer is putting forward as a proposal and it is not an offer yet. It seems to capture a lot of the current thinking about the purchase price and the acquisition of the golf course. It is very useful for us to see that on paper, but I want to point out that the acquisition cost is really only one piece of the total picture.  It is probably relevant so far as it affects the yearly operating expenses as some others have pointed out. I thinl< before you come to any decisions, we have a couple facts before us about the developer losing money operating the golf course. So your focus really needs to be on developing a plan if you think you can actually operate the golf course at least at breaking point. That is what most of us are concerned with, the operating expenses and how much to keep the increase in assessments minimal. Golf course as an amenity, I object to the characterization that it is like any other because no other amenity costs over a million dollars a year to operate and will affect our assessments by hundreds of dollars. So please focus on the total operating costs also
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October 5, 2018	Lake Ashton CDD and Lake Ashton CDD II

going forward and only move forward if you feel you can do it with minimum impact to our assessments.  Thankyou.
Mr. Robertson:  Jarett Thomas.
Mr. Thomas:  My name is Jarrett Thomas.  I live at 5361 Hogan Lane.  Purchasing the golf course, I would like to ask that you consider that any say in purchasing the golf course be put on ballots produced by the Supervisor of Elections of Polk County and given to everyone who is a resident of Lake Ashton and Lake Ashton II so they can participate regarding changes in their lifestyle to pay for something they are not currently paying for entirely. Thanl< you.
Mr. Robertson:  John Velebir.
Mr. Velebir:  I am John Velebir, 5205 Green Drive.  A couple things people already talked about but I would just like to emphasize again that there is a big  difference between the golf course as an amenity and everything else. Yes we all pay for the amenities we don't use or rarely use, but the difference between those and the golf course is if I want to play racquetball or pickleball, I can. I just go and do it atno additional cost.
The golf course is an additional cost, so it is not the samekind of amenity. Andlike Steve said, it is going to cost us a considerable amount of money. At the meeting on the 24th in here, it was said that a detailed plan, not only on the purchase but also the operations on how we would be able to afford all of these things.  I think before we move forward we should have a detailed plan for residents to actually see what this thing is going to cost us and I would endorse what Mr. Thomas just said that this should be put to a vote on by the residents.  Thanl< you.
Mr. Robertson: Alan Cinquino.
Mr. Cinquino:   My name is Alan Cinquino.   I live at 5413 Hogan Lane and have been a resident here for nine years. I am absolutely opposed to the purchase of the golf course.  I don't see any reason to.  I didn't move here to own or operate the golf course.  I think we moved here to retire, or at least most of us did anyway, and retirement doesn't involve being involved in the operations.   As I understand it, there is a very valid offer from an outside party to purchase the courses and I think we are very lucky to have that.
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October 5, 2018	Lake Ashton CDD and Lake Ashton CDD II

I lived in Jersey and we had a similar circumstance up there. The difference was that when the developer decided to sell the course, the neighborhood was nowhere  big enough to support the purchase of a four star golf course so the issue never came up as a homeowners issue. The golf course was sold and it has now changed hands four times. That sounds bad, but guess what, it has been with the same person now for the last six or seven years. The price kept coming down as people decided they couldn't make money on it and now everyone is fine.  None of the residents have anything to do with it at all, except that if they want to become members they have a discounted price. So I think we are very lucky that we have a good valid outside offer.   I don't see any reason that we should  get  involved  with  this.    It  certainly  isn't  an  amenity  as  compared  to  other amenities like the basketball courts. So that factor and most important possibly if we are going to do this, I think a purchase of this magnitude certainly requires the residents approval and if not approval, at least a referendum so you can get input from every resident in the community.  That is pretty much all I have.  Again, I thinl, we are lucky to have somebody that wants to buy it. People buy things to make money.  I  have  no problem with people making money on our property. That is what the restaurant does. We want good functioning operations.  We don't care if people make money.  We want things to run well. We are not in the business to be operating money and worrying about profit. Profit, big deal. Loss is the thing we are all worried about. I thinl, we really should look at the offer that is on the table and consider it that we are very lucky and in addition, whatever we decide to do, I thinl, we should get the chance to vote.  Thanks.

THIRD ORDER OF BUSINESS	Update	and	Discussion
Regarding the Potential Purchase of the Golf Courses
Mr. Robertson: Mr. d'Adesky?  Your presentation is next.
Mr. d'Adesky:  I will read everything as I go through the PowerPoint presentation that was included with the agenda so everyone can hear it even if you can't see the projector perfectly. For those who don't know me, I am Andrew d'Adesky, I am District Counsel along with Jan Carpenter. I am going to be presenting the facts that were
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October 5, 2018	Lake Ashton CDD and Lake Ashton CDD II

collected as part of the Lake Ashton and Lake Ashton II Joint Golf Course Committee. So what I am presenting is a summary of the term sheet, which is a quick two page preliminary term sheet that we put together based on our discussions with the seller of the  golf course.   I  am  going to  go  through the  scope  of the  committee, which I think addresses some of the questions as to why we are presenting what we are presenting today, why it appears to have some limitations, why certain things are  excluded from what we are presenting, talk about the members of the committee, who was there, the  basic terms of the agreement, and also future considerations or other considerations such as things that should be thought about or could be thought about as part of the consideration of the purchase. The scope of the committee and the reason behind the committee was prior to the CDDs coming together and authorizing folks to meet with the golf course owners, nobody had been authorized by either District to actually meet with the seller and come up with terms, real  actual  terms that we can kind  of move forward on. We heard things from individuals, there have been different offers, thanks to our consultants, NGF, and some of these things have been reconciled, but we needed more than that to move forward. Both Boards, as part of the joint meeting and pursuant to the respective authority, authorize certain individuals to work with District staff, which was myself, Jillian Burns, Darrin Mossing, and Jan Carpenter, to meet with the seller to determine  the  basic  terms  for  the  golf  course  purchase.    The  committee  was  not authorized to make any decisions or enter into any agreements so nothing we  did,  and we made this clear throughout the process and subsequent to the meeting, constitutes an offer or any  sort of negotiated agreement that we are bound by at this point.   So once again, I have talked about staff, but we also had Supervisor Jim Mecsics on behalf of Lake Ashton II CDD and Supervisor Mike Costello on behalf of Lake Ashton CDD. Also not included in this list because they are not part  of the committee were the folks who were in the room. So during our meeting with the seller, Larry Maxwell was in the room and Jim Lee was also in the room physically to negotiate the basic terms.  Subsequent to that meeting, they engaged Mike Workman of Clark Campbell as their attorney. That is important because he also was in the room during the negotiations.  And we did receive
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October 5, 2018	Lake Ashton CDD and Lake Ashton CDD II

subsequent phone calls from Jim Lee following this deal kind of eliminating different details and flushing out the deal.  So those are all of the individuals involved.  First of all, the seller willingness to further negotiate terms so the Districts at this point have the ability to counteroffer. There isn't really an offer so we can come back with different terms or change the terms. And certainly this is a draft summary so it is not binding at this point, but there are also certain things we need to negotiate. For example, they agreed that they were flexible on how the fees were paid. They said we could pay them over time over a series of years. They didn't get into specifics and the committee didn't get into specifics so that is something that if we are going to have an actual legally enforceable contract that we would need to go back and talk to them about. That is just one example of something that needs to be further negotiated. Once again just to reinforce, this was preliminary. So we will just go right in to the basic terms as detailed on this sheet and go through that. I will present that and if everyone has any questions, if we can wait until the end we can deal with all of them that way. The first term is basically the purchase term for a fee simple ownership of the golf club parcels, which includes the Pro Shop, the Eagle's Nest and all of the golf course parcels on both Lake Ashton and Lake Ashton II.  There are two separate entities that own those parcels, but all of those together that constitute the golf courses would be included. Of course once again we need to get a detailed list from the seller of exactly which ones are included. We have not received that yet, so that would be part of any contract we would finalize. They agreed for the payments to payable in multiple payments up to three years.  This was important because the Districts might want to fund them in smaller payments followed by larger payments over time.   They were agreeable to take a smaller deposit upfront given that the Districts don't have  extremely large reserve funds.   The second portion was a long term lease on the storage area utilized for the current equipment. The current equipment is stored on a parcel which would not be included in the sale of the property. The intent would be for the lease to last as long as the CDDs maintain ownership. The sellers, Mr. Maxwell and Mr. Lee, were concerned that we would potentially assign that lease to a private entity or to another entity and they didn't want
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October 5, 2018	Lake Ashton CDD and Lake Ashton CDD II

that to happen so one of their terms was that it remained within CDD ownership. The next one came up later as part of negotiations, which is related to the payment of the bonds. Because there was $425,000 in bond debt on the parcels between Lake Ashton and Lake Ashton II, which would need to be settled before we acquire fee simple ownership because the District cannot acquire the property while it is still encumbered with that bond debt. So that was a major term that needed to be negotiated as part of the deal. Considering that they have to pay that debt, which in their view was something they didn't anticipate and they put forward a 50/50 split of the pro-rated membership fees as counted from the day of closing. So whatever the date of closing is through that to the financial year we will split those evenly between the seller and the CDD as the buyer. The next term was the date of closing, which needs to be negotiated.  Now this has been updated since I put up the PowerPoint in speaking with the committee that is with Supervisor Mecsics and Supervisor Costello.  There was a follow-up conversation from Mike Workman, the attorney for the developer who was not in the room during the negotiations.  Pursuant to subsequent conversations, they clarified that they don't desire to close before December 31, 2018, but they demand to close before then. That is a term that they are requiring as part of their current offer. Another term, which is not included in this, but I will bring up now is that they also want a signed contract before October 15, 2018.  That was a term that they brought up subsequently.  Two or three days ago their attorney contacted me with that term and I communicated that to the Board of Supervisors and they wanted us to relay this as part of the presentation today.  The next term is for the payer to pay all of the outstanding liens, taxes, and assessments, all operations and maintenance debt, HOA fees, city and county taxes, and anything else outstanding would be paid so we would be getting it free and clear of any assessments. Once again, the CDD cannot have those once we obtain the land. We want it to be completely free of all of this.  The next one is the environmental study.  There was some clarification on that. The seller said they would provide it; however they said they would provide the latest study they did and they would not provide a new study.   The latest study was done in 2009 so we would probably need to obtain a new environmental study
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October 5, 2018	Lake Ashton CDD and Lake Ashton CDD II

as  to  that  one  is  a  little  outdated  at  this  point.    The  next  one  was  about  retention information. We had previously had the first demand was to get all membership retention information throughout time.   The point was made to us that the only retain information for the last two to two and a half years, but they would provide that to us in order to verify some of the numbers they have been giving us. For example, the number that was used in the calculation of 30 %. According to the seller, the membership retention information indicates a 28 % resident to golf membership ratio according to the information they said they would provide to us and  have not provided to  the District as of yet. The next provision is regarding the new homes. During our meeting in person, Mr. Maxwell explained that he handle the new home situation and the payments on that. Subsequent to that meeting, they came back with the offer to provide an upfront payment for free golf for the new homes, that there is an obligation currently that the seller currently has to provide free golf for one year to new homes. So the proposal is for the CDD to undertake that burden and exchange for a $240,000 upfront one-time payment to settle that obligation. The calculation as explained to me by the seller was based on the fact that there are 200 new homes and an approximately 30 % golfing rate based on the 28 %  rounded  up  to  30%,  which would  equal  sixty  golfers  at $4,000  per  membership. However, the proposal is that we would be liable to provide up to 200 members with free golf.  So if more came in than the rate, we would still be liable to provide that.  However, if it is less than sixty, we wouldn't be liable for a refund to them of that $240,000. It was assured that there would be no more free golf offered for a resale after the date of closing, however any free golf offered up until the date of closing we would have to offer. So if  they were granted a membership on 12/ 30 and we closed on 12/ 31, we would be obligated to honor that for a full year. The last provision is paying off the current equipment contracts and transferring equipment. According to the seller, the only equipment, which is currently under contract, are golf carts, which have approximately two years left on a lease-to-purchase agreement. They said they would be willing to pay off those so they would be fully purchased and transfer those to the CDD, along with any other current existing equipment utilized from the golf course. The last few terms is to
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October 5, 2018	Lake Ashton COD and Lake Ashton COD II

provide copies of all current membership information, to provide existing appraisals, and copies of any permits, licenses, and any other official regulations or rules they are bound by to transfer to us and pay the cost to transfer those, which is part of the general commercial deal, as well as providing copies of all contracts, leases, and other agreements to be assigned. Now the CDD would be able to choose whether we want to assume those contracts.   Certain contracts we can certainly say we don't want to assume or we want different vendors to assume those at a lower cost. So given to the public considerations, this is very important because I thinl< a lot of the questions from the audience that were raised during public comment involve things that are other considerations or future considerations. The reason why we are presenting this information today is very important. This is what the committee was asked to do. This was under our scope of authority which we are bound to in our scope of authority, which is to obtain the basic terms of the real estate deal. There are other considerations, which I am not going to go into as part of this presentation.  That is not to say that they might not be important.  That is not part of this particular presentation. And some of those things are listed here, which are an operational cost analysis, an assessment analysis, proposed management of the golf course or how they will be run, structured, and managed, which will also include the interlocal agreements between the CDDs to operate that if both chose to purchase that. It does include renegotiation or consolidation of the golf course contracts. It has been brought up that there are certain contracts like landscaping that might be able to be consolidated. We don't have those numbers today, though. Also alternative uses for the golf course property have been suggested, which could be reducing the size of the golf course or number of holes for alternative use. That is not part of what we were asked to do or had authority to do, therefore it was not part of this presentation. We did receive some resident comments that we did want to address that were involving the acquisition of the property and how it will be dealt with in terms of an amenity. And once again, if the golf course were purchased, the CDD would have full leverage on how to deal with this, so they can manage it any way they want to, including a way that might differ from other amenities, including charging fees and costs, and dealing with this in terms of the

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Lake Ashton CDD and Lake Ashton CDD II

October 5, 2018

nonresident user fee, which is currently assessed on any nonresident user, which are individuals outside of the District that might want to use the facilities within the District. So that can fall under operational cost ofmanagement. The Boards have a lot of flexibility on how to answer that. At this time I am going to ask the committee members Mike and Jim, if they would like to elaborate on any of this.
Mr. Costello: Pretty much I think Andrew has told you through his PowerPoint what is going on and it seems that some of the things that were agreed to  verbally changed dramatically since we met with them. One of the things that someone  spoke  with me was the fact that there was an agreement that we were going to have a ten year payout on this, which would have made this a very simple choice that we do it. To try to squeeze all of this in, we did talk about closing as early as the first of the year, but it seems
that now they seem in agreement that it was probably going to take a little longer than
that, but now all the sudden they want a contract by the 15th of October and to  close by  the 31st of December, not giving us a lot of time to figure out exactly how we are going to manage  it,  and what our  costs  are  going to be  to run it.  Andrew, have we  heard from
them any more as far as changes?
Mr. d1Adesky:  Those were the material changes, having a contract signed by the 15th and to be clear the explicit factual reason for that they said was because they had a pending listing contract to list the property. Let's be clear, list the property does not mean
sell  the  property.   That  means  to  put it  on the  market for  them  on their behalf.  They

wanted to try to get a contract before that on the 15th. The reason for the 31st date and the reason why they came down hard on that was apparently because of taxes. They claimed
that they would have to pay next year's taxes if it went to the 1st, which is why they drew a hard line on the 31st.
Mr. Costello:   I can understand that.   They are trying to cut their costs.   Another thing that sits with me is the fact thatthey want half of any dues that have been collected. This should be on a per diem per day basis. The rest of the money should be capital for the golf course. You can't walk into this without operating capital and they are going to

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October 5, 2018	Lake Ashton CDD and Lake Ashton CDD II

take away half of what was paid out for a quarter of the compensation so it becomes a little bit unrealistic.

Mr. Mecsics: First of all, I just want to thank Mike Costello as a fellow Jersey boy because as the attorneys and our management company have been burning up a lot of  the airways on emails and back and forth and many different facets about this, we really did work very hard on this in good faith representing all of you.  As Mike said, there are some things that changedfrom our original face-to-face meeting. The 15th date was made
very clear  to us  that  if we did not  have  something whether it  be  a commitment  or a

contract by the  15th  they would go ahead and list it with that company.   There are some	             portions of this that need to be flushed out, especially the 50/ 50 pro-ration. We have to
make sure our interests are still protected and our operating capital and how we work within this community and protect it. Having said all of that, this was initially what we had as a draft, and there is still a lot to be worked out, but I don't want to give anyone false promises. I know we thought we had some of it worked out and we will keep going at it. We had a spirited discussion but the bottom line is this impacts the future of Lake Ashton and we need to be truthful when we say we are committed.  We have to look at it as do we want control or leave control of Lake Ashton in someone else's hands. It is as simple as that.  How we manage it, we will figure it out.  I had a gentleman come by last night and we sat and talked. He reiterated some stories he had in the past with golf courses. He is very interested in the golf course. We have a lot of talent in this community.  I think we need to keep open minds on this and keep in mind if we want to have  control over our community.   Again,  thank you to everyone for allowing us to represent you.  We thank you.
Ms. Carpenter:  For those who don't know me, I am Jan Carpenter.  Andrew works with me. I just want to make a couple comments. The one issue that hasn't been discussed between the two Boards is the relationship between Lake Ashton and Lake Ashton II.  The property is within the boundaries of both Districts.  The way Florida law works is the District that owns the property needs to buy it.  You can only buy property outside of your District with an agreement of the other or some other statutory
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October 5, 2018	Lake Ashton CDD and Lake Ashton CDD II

agreement. So the Districts will need to work that issue out as to buyer and  seller and how things will be allocated. That is another overriding issue that makes this  timing a  little bit difficult. Also, just for the record this is a joint meeting of Lake Ashton and Lake Ashton II and this is the only item on the agenda so these Boards will be considering this now.   Lake Ashton II does have another meeting this afternoon, but this item is not on that agenda so the issue will be discussed here and it is unlikely that it will come up later because it is not on the agenda. It can be discussed later then, too, but I think we anticipate that these issues will be raised here with both Boards. One other quick item in Andrew's discussion,  I will reiterate that the Boards have talked nothing about assessments, payments, setting fees, etc. To set any kind of fees, there has to be a public hearing notice in the newspaper.   There is a process for governments to charge fees  so should the golf course be acquired, they need payment, and the way that will  be  structured will be in the public and will be noticed by both Boards if that is the case, and there will be input on that in the future. The one other item is once the seller engages in counsel under Florida ethics laws for lawyers, we cannot talk to anyone but the counsel. We can no longer talk to Mr. Maxwell, Mr. Lee, or anyone else.  And their lawyer cannot talk to any of our Board members.  So at this point all communication should be coming to us, and I know we keep hearing comments and commentary  so there seems to be a lot of talk and things going on so just so everyone understands that, we  can't be  talking to Mr. Lee and they should not be contacting our individual Supervisors for information because that kind subterfuges the attorney-client relationship. I think that is all I have at this point.  I had a couple other notes, but I thinl< most of them have been covered.  The other thing Andrew mentioned, we do a lot of bond work  and  work  with  the  state lending. The timeframe is really not reasonable for the due diligence you need to do. An environmental report needs to be done within six months to allow the purchaser time to get a survey.   Ninety days is applicable  in the commercial world.   Surveyors  are very backed up right now.   There are quite  a few things the Districts have to  do to protect themselves, just like any other purchaser would have to do. We are not advising slowing down, but there are things the Boards have to consider to protect  everyone in the CDDs.
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October 5, 2018	Lake Ashton CDD and Lake Ashton CDD II

Mr. d'Adesky: For the record, Supervisor Wright from Lake Ashton II CDD has joined the meeting by telephone. I think at this point it would be appropriate for Supervisors to engage in discussion along the lines of the initial proposal and if there is any desire to do a counteroffer and scope of that, or where to go from here because at this point the joint committee has accomplished its initial paths. In order to do more, you would need to re-task the members, what the scope is, etc. That is something that needs to be determined by these Boards today.  So with the facts presented to you, if there are any questions staff is willing to answer whatever we can answer right now.
Mr. Ference: Andrew if I understand correctly from what Jan just said before any valid agreement organizational plan goes forward, we must answer some  questions about the existence of CDD I and CDD II and their relationship and how that collusion can come together to enter into an agreement. Until we understand how CDD I and CDD II are going to operate together independently and jointly to come together, finding out more information about purchase and negotiation, pales in the light of the fact that we don't know how the organizational part of this Lake Ashton can manage that. It sounds like we have some work to do between CDD I and CDD II before we can move forward. Is that not correct?
Ms. Carpenter: The Districts could decide today to go forward and jointly enter into a contract. You can decide on terms as they are under the current interlocal or by number of lots or set up some sort of pro-rata sharing that you can adjust along the way. You can make that decision during your due diligence period as one of the items while you are doing your environmental and other terms. But yes, that has to be _decided because right now both CDDs need to enter into the contracts since you each own property, or one would have to enter into the agreement with the other to have another interlocal to allow them to buy property in the other's District. So there are certainly some discussion items and also we represent both CDDs and should there become discussion or adversarial positions, we would recommend that other counsel assist so you have totally unrelated people negotiating on both sides.

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Mr. Ference:  But CDD I has not decided to buy the property and neither has CDD II so unless we resolve this relationship we can't really go forward and make an offer that
will be supported by either. Am I understanding that correctly?
Mr. d1 Adesky:  Yes.  It is an issue, but you have the ability to clarify it today. Mr. Ference:  How do we clarify it today to decide today?
Ms. Carpenter: There was a current interlocal agreement for the sharing of the costs with the amenities so you could go under that same plan, which is either constructed lots or built units.   Generally interlocal that are sharing for a couple CDDs and for similar situations where two CDDs will share amenities and they generally do it
on the number of platted lots.

Mr.  d1Adesky:	And  to  the  extent  that  any  of  that  calculation  in  terms  of  lot numbers, if you directed the Board to do something, just like you direct the Board to do on a regular basis, direct staff to do an analysis, or just direct Jill to do that. Based on that, even if she hasn't put it all on a spreadsheet it is something for staff to be directed to do.
Ms.  Carpenter:	It  has  been  done  because  it  is  part  of  the  calculations.	The
amenities are shared on a per lot basis between the two CDDs.
Mr. d1Adesky:  There are different systems out there and the Boards could adopt us to direct a specific system.
Mr. Deane:   I think we are putting the cart before the horse.   I have said this the whole time that we have to make a decision to operate as one CDD not two.  That would eliminate the interlocal agreement and would make us one CDD. The state tells what the CDD Board is supposed to be and how they are elected and there will be no discrepancies between I and II then and decisions can be made on how to operate and purchase items. I thinl< purchasing a half a million dollar item when we can't even agree on security companies is ridiculou,s.
Mr. Mecsics: Let me qualify that, sir. While we all want to act and work as one community, and keep in mind we have talked about this before, but it isn't cheap  to  do that and it doesn't happen overnight. We have to go to Tallahassee and do that. Right

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now we need to push that aside and let's start working together as a community to confront what we have in front of us today and stop this with all due respect silliness.
Ms . VanSickle:  My concern is that we don't have enough information.  I think the things on the other considerations are some very important items that we need to come to resolution before we go forward.  I think the October 15th deadline is ridiculous.  I think we need to know about the other costs. I was looking at another community that purchased the golf course and there was $200,000 in addition to the price on the other items.  I want to know what those other items are and what kind of money we are talking about. I think we owe it to our residents to let them know exactly what this is going to cost them. We don't know what the cost is right now and we need to have a plan. We need to know how it is going to be operated, how it is going to be paid for, and I don't think we can move forward without knowing that . I wouldn't buy a house without knowing how much it is going to cost me.  This money is going to come out of all of our pockets and I can't do that unless I know how much it will be.
Mr. Costello:  I thinl, one of the biggest things here is the fact is that he is not going to close by December 31st.     There is no way he is going to close that quickly.  We need more time and he should be told that.  We need time to investigate it.
Mr.  Murphey:    Timing  is  a  concern.  Jan,  I  heard you  say  it  will  be  virtually impossible to close by December 31st in any case.
Ms. Carpenter :  You could close by December 31st, but that wouldn't allow you sufficient time to get a survey to be able to check if you have title issues or environmental. There is no way you can get all of that done in that time period.
Mr.  Murphey:    I am sure we all have a lot of questions here,  I have a few. For instance, the environmental thing.   Can we put in the contract that the environmental study is not done for three months after closing and anything that comes up, any mitigation we have to do the costs would be borne by the seller or something like that?
Ms. Carpenter:  You could put really anything in a contract.  The part that would concern me is under certain federal and state laws, there is something called the innocent landowner defense that says to do all your due diligence before you take title to property. 
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Lake Ashton CDD and Lake Ashton CDD II

So you would have a contractual claim against them, but you could be liable for any problem that was there.
Mr. Murphey:  The costs and dues.   It says we split 50/50 pro-rated.   Could you give us an example if we didn't close by January 1st, then that would be one quarter of the membership here so if the owner has collected $1.6 million in dues like we all just paid, would they get just one quarter of that, or half of that?
Mr. d1 Adesky:  Whatever the date is.  It is 50 % a split a year.  So that is a quarter
and a quarter. It is pro-rata. Instead of transferring the balance to the membership, whatever the membership funds are through the fiscal year, they would transfer half of that amount. Once again that is supposed to be compensated and I will bring up that is one of the terms they specifically said they are flexible on. However the flexibility is based on us paying the bond debt. If we were to pay the bond debt, they would be willing to give us membership fees.   It is going to be one way or the other according to their position currently.  I am not saying we couldn't counteroffer, we can.
Mr. Murphey: My understanding, and someone can correct me if I am wrong, but for every lot that is sold, and they claim there are around 200 lots left, the builder pays the golf course owner an excess of $9,000 for each lot that is sold.  So even at $9,000 times 200 that is $1.8 million. Is the builder still going to be paying that to the seller and only
$240,000 of that is coming to us?
Mr. d1 Adesky:  That is correct.  This is allowing the seller to continue to reap that benefit while we would have obligation to deliver the free golf with a one-time payoff of
$240,000.

Mr. Murphey:  That seems way short of what we should be getting.   That is just what I think.  I am sure everybody has a lot of questions so I will stop there, but I think that is a number we need to further negotiate. As far as that October 15th thing, I am sure there are a lot of real estate people in the room that can tell me that they can go  ahead  and list it and have a provision in there that they do have a possible buyer, right of first refusal or something like that, that being us.   I don't know if it is really something we

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have to rush into and I am sure we are not going to because there is no way we can sign a contract by the 15th of October.
Mr.  d1 Adesky:	Like  I  said before,  a listing is not a  sale.	It doesn't  prevent a
subsequent contract to be entered into; however, from the seller's perspective, they have to pay a fee for that to be listed.

Mr. Robertson: If you have somebody who wants to market something like this, and it is a $2 million contract, they are not about to spend $50,000 to $60,000 in marketing this thing to the potential golf course buyers of the world and expect to just lose that money. If they list it, they are going to pay a significant amount of money. We can say we are going to exclude it, but if his costs go up, I don't know why he would say if you are going to wait, we just lost $60,000. That is one issue. The second item is if it goes into January, my understanding is that the owner of record on the 1st of the year determines what the property is in terms of its usefulness and therefore if they own it on January 1st it is a private entity and taxes are assessed based on the owner of record on that date.
Ms. Carpenter: That is correct and that is under the assumption that the property appraiser will consider the golf course a government amenity and not tax it.  There is a chance that they may tax it. That is part of why they want to sell it before that so they wouldn't have any liability before taxes.
Mr. Robertson: If we avoid the taxes, then that saves another $160,000.
Ms. Carpenter:   It does, but if you recall we did have a dispute with the county early on, so we don't know for sure whether that will be or not.
Mr. Robertson: We don't, but we absolutely forego the $160,000 for the first year because it is gone.  It will be due if we close before the date, we have an opportunity to get rid of it. If we close after that date, it is a guaranteed $160,000 more expensive purchase. And if the developer lists it, then that is another $50,000 to $60,000 so the price for the developer just went up by $200,000 and I don't think he wants to pay all of that himself. So we can say we are not going to do anything, but it is going to be put on the market and the cost is going to go up and we just raised the price.

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Ms. VanSickle: I think it would be negligent if we didn't do our due diligence before we make a decision.
Mr. Robertson:  No one suggested we not do our due diligence.
Ms. VanSickle:  By October 15th, I don't think we have had enough time to do it.
Mr.  Robertson:   The  issue  is  if  you  write  a  contract,  that  doesn't  mean that  it absolutely closes all issues we have to work out in going through that process. We have time to do our due diligence during that timeframe.   If we close by 11 X" date, we have time to do this analysis.  All of these things are not done ahead of time.  You can offer to buy a house and then you have to get a mortgage or an appraisal that matches your offer and then the contract falls through. This is not a contract. It is a contract to attempt to purchase the golf course. It is not a contract to absolutely buy it. That is why you have
time after the initial offer to make those things. So everything doesn't have to be done by the 15th is all I am trying to say.
Ms. VanSickle:   What I am trying to say is the fact that he is going to list it by a certain date is not our problem.  That is his choice whether he lists it or not.   Before we think about buying this, we have to know what the costs are. I didn't sign on the dotted line to buy my house with no idea what it was going to cost me. I had a pretty good idea. That is what I am saying.  We have to know how we are going to do this.  Where is the money going to come from? Where are all of the hidden costs that we don't know about? I am not one to sign a contract and then say okay let's now find out what it is going to cost. We don't know how to manage it. There are too many unknowns right now. I can't do it without knowing more.
Mr. Robertson:	I understand that.
Ms.  Pontious:   I  have  a problem with this whole  process.   This gentleman has known for months now that he wants to sell the golf course and we are interested in buying it.  He has sufficient information so why have we not been given this information? All of these things pending at closing is too late. We need to know what is happening before we get involved, not afterwards. I just think it is a very poor business practice on his part and expected better from the caliber of business man that he presents himself.
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Mr. Williams:   I have  a couple questions and comments.   If we want to proceed and take the next step, we have to do due diligence. I have heard all kinds of costs about what due diligence is going to be. I have heard anything from $40,000 to $150,000. I have no idea.  I don't know if anybody does know.  Can anybody answer that?
Ms. Carpenter:  The next step, which I was just writing down, would be to go out and get some proposals. I would say between environmental and survey and some other basic  due diligence, it will probably be in the $100,000 range.   It could be less.  Without going out and getting proposals, it is hard to know. Surveyors are overwhelmed right now. It is really tough to get them. The other thing, the seller pays for the title search so it depends on how title and all match up.  Perhaps the next step for the Boards would be to have us go out and get proposals for the various due diligence costs.
Mr. Williams:  So let's say $100,000 because that is somewhere in between.  So now we are at $577,000. Does that include any kind of combining of doing whatever we need to do to create this other entity that is going to manage it?
Ms. Carpenter:  We don't need to create another entity.  The interlocal will work. Mr. Williams:  Between now and then there are going to be many joint meetings.
Would that number include those joint meetings? Like if we have to get another attorney,  if we decide to split or something?
Ms. Carpenter:  Probably not.

Mr. Williams:  So that increases that item.  So right now we have some unknown number that we have to deal with. Let's just assume we buy the course on the first. However we decide we are going to manage it, but in any case, from the time we start to manage it and until we come to some point of being profitable because we know it is losing money every month, from now until the time that we are actually able if we are able to get it profitable, we would also have to pick up the money every month from our reserves to pay it back. Am I saying that correctly? Does anybody disagree with that? From the day we buy it until we figure out how to get it profitable, whatever that entails we have to pick up the deficit through our reserves. I have given a lot of thought to this, and I am sure everybody else has also.   I moved here nine years ago.  One of my crazy
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neighbors left two years after I got here and decided I should go out and play golf.  I did and enjoyed it, but I used to go out to all of the other golf courses and play, too, that were a lot cheaper.  A year and a half ago the golf course here offered a summer thing.  I joined and took advantage of it because I wanted to see what it was like. I really liked it. I enjoyed playing on the golf course. This whole year I have played on the golf course and I signed up for another year. It costs me a lot of money, more than I should be paying, but I have looked at this from both sides . I wouldn't call myself a golfer, but I play golf here. The one thing I do remember is when I bought here, I was told I did not have to pay for the golf course. From the day this community was developed until the last house is sold, everybody was being told they do not have to pay for the golf course. We have an ongoing thing talking about the roving patrol. We have had disagreements on how it should be. One of your statements is when I moved here, it was here and it should always be here.  Well this is kind of the same thing.  Some folks have said that we should buy the golf course so we own the land and can do whatever we like with it.   We could have nature walks, another outdoor pool.   The problem with those things is they, too, cost money.  What are they going to cost us?   So take out nine of the eighteen holes, make it a nine hole, put in a nice swimming pool, do a nature trail. What is that going to cost us? We have no idea. So that is also a risk. At our point of life, I think most of us moved here with pensions, IRAs and other things, but most of us moved here to eliminate risk in our finances and investments. Now we are looking at adding risk. It is going to be a risk. There is a chance that at some point the course will be unprofitable. Until we get that point, we are going to be paying those fees. The other problem is our folks on the other CDD did a tremendous job dealing with the restaurant, but remember the problems we have had with that? Four or five different restaurants went through there. To add to that something that is much bigger, not managed by one CDD, but by two different CDDs. Think about what we are going to go through.  Looking into the future I believe there are better investments for our money.  At some point the RV park, the maintenance shack, the building across the street, they are all going to come up for sale. He has talked about that already. I believe our monies are better reserved for looking at purchasing those. If
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we do purchase the golf course, I don't see where we would thenhave the ability or funds to possibly purchase those other ones. Probably the only reason to buy the golf course is because most people that I have talked to, and I have talked a lot of people out here, and a lot of them have told me thatthey are not interested. I believe the big reason is the risk. It is a retirement community, folks.   We are retired.   We are not looking to run a golf course. Subsequently if an outside company buys the course, and I have talked to an outside company who is interested.  They have not made an offer, but they  have  said if  we are not going to do it, then they are interested in talking to the builder to do that. I asked them about what happens to the golf cart paths. They said with insurance and liability, they would have to restrict walking and bicycling on the paths during the time that golfers  are  out there.   If you  are a  golfer  you want that anyway.   If you are not a golfer, you shouldn't be out there risking your life doing that. They are not going to have rangers out there making sure people can't use it at night or in the morning. I think that any person who is coming in here  is looking to make a profit.   Literally his revenue is going to come from this building. Our biggest revenue source is the people in this community. Are they really going to tick us off? I don't think so. I  agree  with a lot of folks. I think you all ought to have a voice. The only thing that would maybe change my mind on this process is if I heard an overwhelming yes from this community.  I think the only way to get that is with some kind of full input from you folks out there.  I am not in favor of even going forward at this point and time.  The process of overseeing it and not controlling it is another issue.  This builder has 200 more homes he has to sell and he has to maintain this property for at least that amount of time.  Anyhow, that is how I feel.  I
am not in favor of doing anything at this point.  I think we need to offer to  help  him in	
any way we can to find a viable, good management company to buy it rather than us.
Ms. VanSickle:   I agree with you 100 % on everything you said.
Ms. Burns:  Carla, are there any comments that you would like to add?
Ms. Wright: I sent my thoughts to Darrin and assumed he was going to read it. Ms. Burns:  I have it.  It says: "My position on the golf course property acquisition,
all  things  considered,  1)  assuming we  have  negotiated the  best possible terms,  and 2)

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those terms are within our financial ability and will not make long-term hardships to our residents, I believe it is in the interest of protecting the investment of all our residents, we should proceed with the purchase of the golf course property. Future use of said land will be ours to determine and not to nonresident owners to use or not use if they choose."

Mr. Ference: That brings up an issue that many folks have asked me, do we want other people to own our property so it becomes open to the public and where are they going to park their cars if they come and play golf on a publicly owned golf course or privately owned golf course here.  How is that going to work?  If somebody buys a golf course and runs the golf course down for profit, not to maintain them, then our property values are going to decrease. When you drive into Lake Ashton you look at how beautiful it is, how green and nice and well-kept it is, etc., etc., well if someone else is going to own the golf courses for profit, will they put as much money and effort into maintaining it? They don't have an interest in the housing. They don't have an interest in resales. They have interest in opening up to the public to come in and play golf. If the public comes in to play golf, as I said, where are they going to park when they come in to play? Where are they going to get the golf carts that they need? Where are they going to store them? What payouts will that provide? Where are you going to put fifty to 100 cars in here every day to play golf if it is open to the public? The possibility of someone else owning our property has little or no limitations as to how the property will be maintained. What happens if they decide they only have nine holes, then what will happen to the rest? The unknown in the third party ownership I think faces the questions that our primary decision to make is do we want to be responsible for our own property and whatever else it may take to do that, or do we want a third party to own our property where we would have little or no control over our future.  So the question is, that big one.  We can work out the details of ownership if we choose to own our own property.  If we don't want to own our own property, then we will have to deal with who knows what where and when. So the big decision with the cart before the horse is, if we want to own our property, we can, but if we don't, who knows what will happen.
Mr. Williams: Bob, are you saying we will not run it for profit if we own it?

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Mr. Ference: We certainly will.
Mr. Williams:  So ifwe use the money for a profit andnotrun it down, but anyone else can do that?
Mr. Ference: If we own the property, it is not going to be open to the public.
Mr. Williams:  Wait a minute.  Isn't all of our property available to the public at a cost? Just like our clubhouses and all of our amenities?
Mr. d1 Adesky:  That is a good question that was asked.  The roads are open to the public if they wish to venture upon our roads because they are funded by bond funds. The amenities; however, we are allowed to enact these charges.  One of the most common things that is enacted is the nonresident user fee.  We enact that to account for the amount of assessments that residents have paid for the benefit of those amenities. Anybody can pay that and come in and use our amenities. However, that being said, Jill, has anybody from either District ever paid that fee?
Ms. Burns:  Not that I am aware of.
Mr. Williams: Would that be the same for the golf course?
Mr. d1Adesky:  Yes. If you so choose you could apply that fee to the golf course in order to have that fee in place such that it would favor membership being resident only. However, if someone really likes Lake Ashton, they can pay that user fee and be entitled to use the amenities.
Mr. Ference: If someone buys itprivately and owns itthey can open it to the public because the roads are public. If it is a privately owned business it is not an amenity and people can come in here. If they come in here, where are they going to park? Where are they going to get golf carts? I am just thinking of congestion. It will be impossible.
Mr. Mecsics:  About the comments about control and risk, I don't intend to make risk.   I manage risk.   When I had a liver transplant, they gave me the risk factor.   You could die or you could manage that risk. It is all about control. I knowthere are probably a lot of army veterans out there.  The army told you that you control your destiny when you own it. I don't know who authorized anyone to go out with doing any kind of negotiations because that was not authorized and I am very saddened and disappointed
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in that, but also take, because of my experience and background, any kind of talk like that with one huge grain of salt or sand, whichever.  In the end I trust, but I also verify.  My perspective is that we talked about just having the land. We have a golf course that we have to deal with. The future is in the hands of the ten people up here and how to run that, whether it is by an independent person or what have you. That is our next step. We had to get to first base, ladies and gentlemen because if we don't, we might as well close up what we have here for this issue and go home and enjoy the weekend.   I am not a golfer, but I look at it from a different perspective. Each of you have all made very valid points, but let's be careful about what we assume because we all know what assuming makes us.
Mr. Williams:  I am not authorized to talk to anybody, but I went out and talked to folks because I wanted to learn how people managed other golf courses. I did it as a member  of the community, not as a Board member.   I didn't negotiate anything.   This group that I have talked to did talk to Jim Lee and expressed interest. They did it without me. When I questioned them about it, they said yes, they did talk to Jim Lee, and yes, they are interested. I didn't need an authorization to do that, though.
Mr. Robertson: You did need anauthorization to go on private property and invite them in.  Jim Lee gave me a formal protest of that behavior.  You brought them on their property without telling them and that is inappropriate.
Mr. Costello:  Doug, I disagree with you and I will tell you why.  I was with Stan when we spoke with the pro at the Pro Shop, told him what we were doing, and he said going into it that if Mr. Lee didn't know about it, it was only because he wasn't told by one of his employees. We never negotiated anything. Nothing was negotiated and my Chairperson knew we were going out and meeting with these people to get an estimate or some sort of idea of what it was going to cost us to run this golf course. So I have to defend Stan in this situation.
Mr. Robertson:   I didn't suggest for you to negotiate at all.  Jim Lee said he would have much preferred if someone had told him they were coming in to do an assessment.

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Mr. Costello:  I saw Jim Lee that day.  Quite honestly, like I said prior to going out on the golf course, Stan, did we or did we not talk to Paul? Paul said, go ahead and knew we were going out.  There was not one negotiation and quite honestly if Mr. Lee did not know about it is only because Paul didn't tell him about it.
Mr.  Robertson:   Okay.  That is good.   In looking at the choices, there are a lot of things that aren't known yet. We did have an analysis by NGF that said with the recommendation of spending money, they would breakeven on this golf course at about 420 members. The current membership is about 360 and we talked about the sixty more that are coming in with the houses that are being built.  That brings us up to 420 so NGF said we would be breaking even with 420 members and the golf course would be self­ sustaining with 420 members. If we maintain our current participation rate that we have now, when we are all built out, we should have about 450 playing golfers, which means the golf course would generate a profit based on its current level of fee structure. We already paid for that analysis from NGF. So from there I look at the choices that we have. What happens if we increase our assessments by $20 a month, which is $240 a year for five years? That is $1,200. That generates $2 million worth of cash. In the next under five years, all of these members we need will all be here. They are running behind on the expenses because they don't have all of the memberships yet. I don't know how to spend that $2 million to fill the gap in the costs we have right now.  I can't spend $2 million on the golf course in five years. It is just not possible. There is nothing that has to be done to fix it.   So there is a reference point of that to look at it as an insurance policy.   If we spend as individual residents $1,200 we would generate $2 million in cash to deal with a lot of the unknowns.  A lot of the things we know about the golf course is that it doesn't cost anything like that. I have also heard people say they want to sell and not live here anymore.  You can say you don't play golf and sell your house and pay $12,000 for sales fees or $1,200 and stay to help figure things out. We could also give it to a similar company that has much less interest in us than Mr. Maxwell. People came here because they like how it looks, they like the community. Mr. Maxwell still has the opportunity to make money from the new home sales so he has a vested interest in havingthis work out
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properly.  Anybody who comes and buys the golf course doesn't have the same vested interest in us . If you go talk to the community of Lake Wales Country Club, no trespassing on my property. You can live in the Lake Wales County Club, have a golf cart, but you are not allowed on their golf paths anytime.  It is private property.  So you can expect something like that could happen.  There are no guarantees and it is quite a reasonable possibility with the level of animosity and things that go on that a new owner may decide to restrict his problems . Then we have the last option, which I think is a very low risk, but it is a risk, which is the golf courses get closed, in which case we have a problem with the property values . You can decide for yourselves how the property values will go down when a golfer's community closes its golf course. There are lots of examples from 10 % to 30%. Well 10 % loss in property value is $20,000 if you own a house for $200,000.   Paying $1,200 over five years generates $2 million and solves all of these problems and will keep Lake Ashton exactly as it is right now. I don't need to spend the
$2 million. I think the $2 million will go into the reserve funds and the golf course will be profitable and we will be very happy moving on. Everybody likes living in a golf course community that has an operating golf course. We like how that works . So a $1,200 investment over five years, $20 a month, gives us the opportunity to have sufficient funds to solve all of these problems. Or, we can just say no and roll the dice on letting somebody else come in and run this community for us. So my point-of-view is I think there is lots of risk, there are a lot of things that Brenda wants to figure out, and I agree, those are all things that have to be worked out, but if we say no, at this point and time, then the other clock starts ticking, the real estate taxes are still there next year, the cost to market it will be there, and all of the costs keep going up. We can put an offer in to say this is what we want, we can discuss it today.  You still have the opportunities when you write a contract to purchase, but it doesn't mean you have to purchase it if things don't work out right. If there are problems with the survey, and I can tell you there are. You can go look at the fifth hole on the West and that piece of property, the cart path goes through Lot 880 . That cart path is entirely on lots.  Does that give a reason to cancel the contract if we don't like it when the survey comes in?
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Mr. d'Adesky:  If that is how we write it, but we would need to have a survey.  Mr. Robertson:	If we complete the survey and we find that there is a variation,
we can say we don't like that variation.

Ms. Carpenter: They generally have an opportunity so they can get easements from other people or some other way to fix it.
Mr. Robertson: So it is at their expense to cure the problem. Ms. Carpenter: It depends on how the contract is written.

Mr. Robertson: If they don't want to cure it, we have an out. My point is it is just because we agreed to try something today doesn't mean we are absolutely committed if things don't turn outhow we want. I don't have the survey yet, but there are things that are going to turn up.  The environmental study could turn up something.  We can say we don't want the risk and we can terminate the contract.  So we have lots of outs if we need it going forward, as opposed to saying we are not going to do anything and now we are starting the clock on all of those other expenses. If we gave a contract that we had opportunities to manage, then the clock doesn't start and those costs don't kick in yet.
Ms.  Carpenter:   That is  true.   A typical real  estate  contract has a  due  diligence period of say 120 to 180 days to perform due diligence and we would request a very broad one that ifwe don't like we can get out. I amsure they will come back and want to tighten it up so the District can only get out of it for very specific things though it will only make them angry and not go through with the contract.
Mr. d'Adesky: Looking to Jim and Mike to confirm, but if I recall they made it clear during the meeting both in person and during subsequent calls, that one of the things they did not want was a long due diligence period. Is that correct?
Mr. Mecsics:   It should be realistic.

Mr.  Robertson:   And we can decide  if in the process we stop and  look at it, the actual purchase price is around $200,000 . When we eliminate the bond debt, the money that comes in from the golf course, the fees for people to play, there is money in there to pay the bond debt, but the bond debt is already paid, so that is just going to be annual profit going forward and we will get that bond debt money back over time.  That money

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will come back to us over time because it is already baked into their cost of operations. So yes we have to pay off the bond debt, but that $425,000 in bond debt comes back to us over time. So essentially real out-of-pocket we have to spend $250,000 to buy the golf courses, Eagle's Nest and all of the machinery.
Ms. Burns: Doug, sorry to interrupt you, but Carla wanted me to let you know she has to board a plane in five minutes so if anybody wants to have any kind of vote in which you would like for her to participate it kind of has to be now.
Mr. Robertson:   If necessary we can continue the meeting when Carla is available again. She is available again this afternoon at 2:30 p.m. If there is something we need to do, we can continue the meeting until that point and time when she is off the plane and available.    So we are being asked to look at buying two golf courses, Eagle's Nest, and all of the machinery to run it for $200,000 to $250,000. I am suggesting that we risk as a community $1,200 of our monies at the rate of $240 a year because it gives us five years and $2 million to figure out a problem that everyone is saying is about $300,000 a year right now. Then when the membership turns up, it should be nothing. So this year it is
$300,000 and next year it is $200,000 and then the following year it is $100,000 if my math is right. For $1,200 apiece we have $2 million. What will we do with the rest of that money? What we will do is not have to increase our operating assessments. We can actually reduce them if that is what happens. The golf course should be profitable. That is what we paid NGF to do for us. We have a profitable golf course if we get to 420 memberships. We may actually be making money if we get to 450. So we are talking about risking $1,200 versus risking the loss of the golf courses in general. That is what we are risking from my perspective.
Ms. VanSickle:	I would  like to address a couple of those  things.   First of all,  I

would like to say I recognize the appeal of the golf course. That is why I think a lot of us bought here. It is absolutely beautiful when we drive in. I also agree with Stan that just because an outsider buys it that may not be a bad thing because I think they will be onboard with the community. As far as cart paths go, part of the cart paths we own, so I think they will be willing to work with us to work that out.  Do I think it would be best if
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we had control of the land? Absolutely.  Do I think it is a bad price?  No.  But you have to look at all of the other costs that you are not looking at. I am not sure your figures and guaranteeing that we will have all this money is going to work.  There are no guarantees and we are being rushed into things.   I think we are being bullied.  If we want it, it has got to be now or not.   I don't think this is a bad thing, but I think we need to take our time.   I am not ready to make an offer.   There is information I need to know.   I need to know how it is going to be structured and how it is going to be run. The CDD Boards should not be running it. There are too many things we have not come to term on. We have to agree on that first. I can't see going forward in the time we have been given. I think it is ridiculous.  I think we need to be allowed that time we need.  He is rushing us.
Mr. Deane:  I am not saying I don't think the CDD should own the property, but I think we have to do our own work to find out what it is going to cost us and then  see  a plan of how to breakevenbecause 90 % of the golf courses don't make money today. They try to breakeven. Doug, I hear your numbers and I hear your membership and all of that, but that is based on estimates. NGF gave us no guarantee that we would breakeven in three years. There is no guarantee with regards to anything. I just think we have to have more information and more numbers before we can make any kind of decision.
Mr. Murphey:  Doug, as usual we have a very persuasive argument and for once I agree with you, but I also agree with what the others are saying. I don't think we should be rushed into this.  I do think we should proceed.   I think it would be an advantage to the community that we do control that property as a golf course or whatever else, but I am really very hesitant for us to rush into it. I don't think we should let, like someone said before bully us into rushing into it. I do have one comment about if someone said if you buy into this community you don't have to participate in golfing. What they are talking about is you don't have to join the golf club.  The members who want to play pay about $5,500 to  $5,600 to  play.   I  do  think everybody in the  community does  have  an interest in maintaining the looks, the beauty, and facilities. I think if it really does cost
$200 a year at most to maintain it, I think it is well worth it, but again, I agree with I think it was Carol and Brenda said the same things and I don't think we need to be rushed into
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it because I think everybody here wants to see some more information and some more facts and figures and costs.  I think your estimates are fairly reasonable to cover the initial losses that we will incur, but I think in a couple years we can pretty much break.even.

Mr.  Robertson:    It  is  not  a  bullying  issue.  It  a  contractual  issue.  From  their perspective, their costs go up by $200,000 if we say no today, which is a choice we have, but our cost to buy the golf course goes up by $200,000. The taxes are going to be in place for next year. The cost of the listing agent will be in place. Those are real costs the golf course owns and he is going to increase his price by that cost. He has already offered a price of $200,000 for a property he thinks is worth $1.9 million on the marketplace. He would rather sell it to us,  but if we say no right  now,  he is  going to  say his price went up

$200,000.  And he will still sell it to us, buthe is not going to eat another $200,000 in costs. When he first talked to us about the $477,000 as being a reasonable number, he didn1t understand the issue of the bonds being retired.  At that point, he said okay, if there is
$425,000 worth of bonds, he would then negotiate another $240,000 payback for the other. That was  kind  of an offset against the bond  activity.   At some point there is a limit of elasticity as to how long he is going to go. He will just say okay I can give it somebody else and then we live with the consequences of that choice. The insurance policy against all of these things happening is about $1,200 so do you want to risk $20 a month to eliminate those risks, or do you want to say let it ride and take those risks.
Mr. Mecsics:  I understand that and quite honestly you cadt get to home plate until you get to first base.  I am not saying we should rush into it, but we have to make some kind of commitment and then our due diligence goes forward with that. If something comes up, we can always say we are not interested and he can go on and find someone else. Does anyone watch Cash Cab? The first question he asks is 11 Are you in?° That is what we have to determine here. Are we in or are we not? If we are not, then we will close up shop, that is it, and we will have to deal with what comes in the future. If we
don1t even give it a shot, then we can never say we didn1t have a dog in the fight.
Mr. Costello:  Quite honestly, the figures you wrote out, Doug, I have to agree with you. Now would be the time to try to make a decision. The biggest problem, and I think
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Jill and Andrew will also agree, that what we agreed on in that conference room was for Andrew to write it up, he did, sent it on to them,  it came back,  and there was  so much red and it changed so dramatically it looked like somebody actually bled on the pages. And some of it was so minor that you wouldn't care, but some of it, they want to walk away with half the money for the dues. They are taking away a considerate amount of our property costs and operating capital.  At this point can we afford that?

Mr. d'Adesky: We can't do anything without your explicit authorization and explicit terms you would like us to come to. Now whether or not those are from a delegated committee again, or direction of this Board, we do need that to go forward before we can do anything. We can come up with a contract tomorrow with our terms and send it to them, but they would probably throw it in the trash.
Mr. Robertson: I think the term of 10 years was one of the things that was on the table. So put it back in, put it where we want it and say you have got to go for this contract. If you don't want that contract, that is probably the last chance you get to sell it to us. And now we just put the pressure right back on them and we are bullying them.
Mr. Costello:  I agree we cannot go forward with what we have in-hand right now. The entire time that we sat there, Mr. Lee I don't think said even 10 words for the hour and half, two hours thatwe sat there. I don't think he said 10 words. Then all the sudden when we got the document back, it looked like somebody bled on the page.  That is how much red was on there in comparison to what Andrew had written up that was agreed upon at the meeting that day.
Mr. Robertson: So let's change it back
Mr. Mecsics:   I was sitting alongside Mr. Maxwell and Mr. Lee was sitting across the table, we  did talk about how we might need a little more time to pay for this.   He asked how long? I said 10 years and he said that was do-able. My mouth dropped because I thought he was going to say no, four or five. We need the lawyers to go back and forth and flushing out what needs to be. If we cannot come to agreements it will just die.  We might as well just close our mouths.

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October 5, 2018	Lake Ashton CDD and Lake Ashton CDD II

Mr. Ference:   Andrew, do you have enough information for what we said about the environmental study and the 10 year period and the survey to be put in? Can you draw up again a do-able contract that you saw come back?  Can you adjust that  from what you have heard today in another contract to go forward so we would have something in black and white on paper?
Mr.  d1 Adesky:	The  conversation  still hasn't addressed  all  of  the  terms  in  the
agreement. There are still other terms. We need to talk about exactly what the payment plan would be. Exactly what the payment plan will be, not hey, we are going to do it over 10 years. We need specific numbers. And I haven't heard Board consensuses that have been agreed on by all five members of both Boards, or a majority of the members of both Boards.
Mr. Ference: Then let's take some consensus to get you that information so we can
have something reasonable.
Ms. Carpenter: May I suggest, I think there are a couple things the Boards need to do.   One,  each  Board  needs  to  decide  do  they  want  to  go  forward  with  a  proposed contract. If that is the case, after they decide that, then we would need an agreement as  to how the Boards together want to propose the contract with an interlocal between the two sharing on a basis per lot, which would match statutory requirements, at least initially.   Then you can work with me to direct specific terms, payments, due diligence period, and then probably delegate back to a committee on each side with a little room for us to negotiate the smaller terms. The second part would be to say no, we are not ready to make an offer, we want to move forward and do some more investigation. Another option would be we are not ready to go forward, let  them go ahead and put it out on the market.
Mr. Ference: Let's get a consensus. Do we need a motion from the Board that we want to move forward with the contract?
Ms. Carpenter: I think the Boards need to each decide how they want to proceed from this point. Would you like to continue to look into it and go back and ask the seller if he would agree to exclude the CDDs from the listing contract so at least that fee won't
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be incurred or to decide not to go forward? It is really up to each Board what they want to do.  I think those are really your options, not go forward and see if there is some other due diligence you can do while he lists it, or enter into a contract and see if we can get to terms.   Right now it  doesn't sound like they are going to  like  our terms,  but there is certainly no harm done to prepare a contract and submit if the Boards agree on the terms.
Mr. Ference:  Are we intending to go forward before the end of the year so we do not incur property taxes next year? Isn't that why we want to get it on paper now?
Mr.  d' Adesky:   I thinl< one of the points initially was the end of year date would not allow you to do enough due diligence. If we were to try to close by 12/31, it is commercially unreasonable to expect a survey or environmental report before that period of time.
Ms. Carpenter: And if you could possibly do it, it would cost an extreme amount of money because you would be paying super-rush fees. You could probably do the environmental, but I don't thinl< you would get the survey and title work that quickly.
Mr.  Ference:   So if we don't close by the 31st,  the possibility we incur a $200,000 increase in the cost of the property because of his tax bill going up?
Ms. Carpenter:  What happens is the taxes would be assessed for the year on their property at the level they are now.  Let's say we close in April.  He would be responsible for the first four months and the District would be responsible for the rest of it. It is pro­ rated over time.
Mr. Mecsics: When we first talked about this, it was the attorney that said the 31st of December withnot too much after that. That is whatwe talked about and agreed upon. Now that has changed, the deadline, and I think that is causing most of us to go back and say we don't concur with that and would like to go  back to those original terms we made at our face-to-face meeting. Is that a fair assessment?
Mr. Deane:  What were the original terms?

Mr.  d'Adesky:   We didn't have a firm closing date in the agreement.   He said a preference, but we said okay, we hear it, but how about later, he said okay, and Mr. Lee said no, we need to close before that.

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Ms. VanSickle: I have one question and I think it is something we are going to have to determine and it comes back to the interlocal on a per house per lot basis. Currently our interlocal is not done that way.  We changed our road interlocal where we paid $191,000 to get out of that portion where we split it by lot number so first I think we
need to agree whether this is going to be a 50/ 50 split or is it going to be 70/ 30. I don't
know what the numbers are, but I think it is something our people need to be aware of.	
Ms. Burns:  There are 986 lots within Lake Ashton and 680 lots in Lake Ashton II. Mr. Deane: Lake Ashton has 962 homes.  That is it.
Mr. d'Adesky:  We are talking about assessable lots.

Mr. Deane:  So that includes the RV lot and other commercial ones? Mr. d'Adesky:  Yes.
Ms. VanSickle:  Does that include the golf course? Mr. d'Adesky:  Currently yes.
Ms. Carpenter: Under statutory law in Florida, generally you base assessments on the  benefit  received  by  the  property.    That  is  the  statutory  requirement  and  why  I suggested initially that it would probably be per lot, which seemed to be a better way for the Boards to equalize assessments rather than 50/ 50 unless there is another reason why 50/ 50 would work or some other amount.
Ms. VanSickle:  We are two separate CDDs so the only way we could do this is to purchase our own, correct?
Ms. Burns:  Yes.	
Ms. VanSickle: So we would be paying a larger amount for the same thing? I see
a problem with that.	
Ms.  Carpenter:   There  would be  a  lot  of things to work  out in an interlocal.   It would probably be part of the contract you would have to negotiate based on an interlocal where each will pay a pro-rated share.  Lake Ashton I might pay  more than Lake Ashton  II on a per acre basis to make it work out as part of the interlocal or 50/ 50 or per acre on the lot, those  are  all things up  in the  air.   Acreage, number  of holes,  etc.   There  are  a number of ways to look at it.
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Mr. Costello:  Well if we are going to have an equal say in this, then I would think it should be 50/50 quite honestly. If we are going to pay more money, we should have a larger voting.  I can't see it working otherwise.  It should be a 50/ 50 split.
Mr. Williams:  Maybe I am misunderstanding, but if we do nothing and tell him to go ahead and go out on market while we do due diligence or whatever we have to do, the cost could go up based on that?
Mr. Robertson:  Yes.
Mr. Williams : If we decide to go forward we lock in that price, but as we do due diligence, our cost to do due diligence is going to go up.  I don't know why.
Ms. Carpenter:  It is really uncertain.  Some real estate contracts will allow to carve out parties that you talk to before you sign a listing so the real estate broker may agree to not charge if the CDDs end up buying, but you don't know along the way. If they get a lot of interest, the price could go up . If they don't get any interest it could go down. It is really market-driven.
Mr. Williams:  But if we go forward our cost is definitely going to go up.
Ms.  Carpenter:   If we enter into a contract, then we are obligated to do the due diligence and at the same time I would probably recommend going out for management bids for running things so you would have administrative and legal fees for those.
Ms. VanSickle : I asked a question before and I don't think I got an answer. This property is intertwined between the golf course and the CDD.  I don't see how an outside buyer could buy it because we own parts of the golf course. I see that as a major issue.

Ms. Carpenter:  That is one thing we thought of and I wasn't sure to bring up, we are concerned that if we buy the property there will be a lot of title issues and if a private owner buys it they can prohibit use of the golf cart paths. If a private owner buys it, they will have to come to the CDD because the CDD owns some portions.  So we have some leverage to try to work to make the paths public or sell the lots or paths or do something.
Ms. VanSickle :   It is my understanding and Doug mentioned it before, there are cart paths on private residents' property.  That is another issue we need to look at .

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Ms. Carpenter:  I understand that there will be quite a few title issues for whoever the buyer is, whether it's the CDD or anyone else, but I think some of the property is CDD-owned so if the buyer does, the CDD will be involved and we will have some leverage to try to work on some of those things and come to some agreement.

Mr. Robertson: Back to the cart paths, although some of the cart paths are owned by CDD I more-so than CDD II, it was set up with easements in it already for the golf course. There is an easement already in place that says they are allowed to use the cart path for golf course operations.
Ms. Carpenter:  I remember with the boat dock issues there were paths that didn't have them. I am not sure on the golf course.
Mr. Robertson:  My understanding is that there are easements already in place to allow them to use those paths.
Ms. VanSickle:  Wouldn't the CDD have a record of that?  If it is our property and they have an easement for that, wouldn't we be aware of that?
Ms. Carpenter:  It would be on the plat or in the title report.  We can find out. Ms. Pontious:   Is the S.W.F.W.M.D. property part of the environmental study?
Ms. Carpenter:  Yes.  The District has permits on the stormwater ponds and I think we have easements on the ponds to maintain those, so there are easements we can access through the golf course to maintain the ponds.  They wouldn't have to get it changed in the permits to own the golf course.
Ms.  Pontious:	I was thinking more in terms of if there are improprieties in the
S.W.F.W. M.D. rules and regulations.   We have had several come forward already with different things that they have told us they owned and can give to us, then we find out that they really don't own it to give to us. So I am concerned about the environmental issues and whether or not we are going to find bridges in improper places and if so we need to find out ahead of time because I can see major dollars needed.
Ms. Carpenter:  That is actually a separate study.  Environmental generally covers the pollution side of it. Because we have those ponds, it may be helpful to have the water management people do a study on those ponds and assess those and the locations.
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Ms. Pontious:   I think that needs to be a part of the plan.
Mr. Robertson: Our permits for the ponds are inspected every 18 months to 2 years.  We are due for another inspection this fall and we were in compliance the last time around so we are actually in good standing right now.  They are going to revisit them in the next month or so, though.
Ms. Carpenter:   And we also want to have a building inspection on the building. The other concern we have is the lease for the golf cart storage. We don't really want for that to be assignable. That is just an interesting term to us because a private buyer would probably not agree to that so that is something of concern that if the Districts bought it, then it would be impossible to sell without a place to store the golf carts. So that is a constraint we have to make a contractual term that would be assignable or that we have the right of first refusal to buy or do something to make it a term that would be reasonable for the Districts.
Mr. Deane:  That is the storage of the equipment to maintain the golf course.  We have a separate area for golf cart storage.  It is just for the equipment.
Mr. Robertson:  The issue there is he suggested at one point a 99 year lease.  I think the only sticking point on that would be if we were to buy the golf course and then close it down immediately, which is not logical, but would put them at risk of their $9,200 for the unsold lots.  So the only issue there is how do you assure them that we will have the golf course in operation until the seller of the property can realize the income from that? I thinl< that's the biggest issue. Once we figure that out, there will be no restriction on the maintenance building.
Mr. d'Adesky:  We requested multiple times at this point that.
Mr. Costello:  He said he'd give us a contract stating as long as we were the owners of the golf course the rental agreement would stay in place with no increase in fees.
Mr. d'Adesky:  I think Doug brought up the new home sales at purchase contract, and once again, I haven't seen that contract yet. That is a good point that they need to  have that contractual obligation. So actually, they really couldn't close the golf course

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until they fulfill that contractual obligation. And vice versa, they want a guarantee that we would keep it open.
Mr.  Robertson:   And that's  why  I  said  the  only  thing  about the  maintenance building in the lease is really just tied to if the golf course remains in operation and I can make my money, you need to give me another way of solving that problem and I will absolve you of any restriction on the lease.  It is only to make sure we stay in operation until we are sold out, which I think everybody wants anyway, but they want it in a contract form.
Mr.  Costello:   Right now in order for us to get together something that we can present to them, what do we have to do? Do we have to go through this item by item in order to? We don't want to just send it back to them the way we sent it to them originally or we will receive the same red marked pages back that we received before.  Do we want to go through this item by item to make a decision on what we are going to keep and what we are going to throw out so we can present it to them and then have the Boards vote or what?
Ms. Carpenter:  I think you should make the decision on whether you want to go forward with presenting a contract now because I think it should be a legal contract with the terms included or at least a finding terms sheet and not just a proposal because now we are talking back and forth and the terms keep changing.
Mr.  Costello:   Then I think that we should go through this real thoroughly and
decide what we are going to keep and what we are going to throw out, we will present it with the contract, and fortunately for us we have a meeting on October 15th and then at that meeting we will have to make a decision whether we are going to go forward with whatever they bring back to us.
Ms. Carpenter: When you present a contract, they could accept and then you are bound to it.  You have to be prepared that they could sign it and say we have a deal.
Mr. Robertson:  Yes.  That is fine.

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Lake Ashton CDD and Lake Ashton CDD II

October 5, 2018

Mr. Costello:  If they come back with it and at that point agree with what we are saying, we have no reason not to accept the contract. If they don't like it, they will argue the slightest little thing and we can say no.

Ms. Burns:  I think the best course of action right now would be for each District to decide if they want to move forward with the terms of the contracts or not. If both Boards agree they want to go forward with the contract, then we go to offering the terms. But I think that Step 1 is going to be #1, if anyone wants to make a motion to move forward with the contract, or #2 if nobody wants to make such motion than we aren't going to be moving forward with the contract. I think we need both groups onboard if we are going offer a contract or not at all.
Mr. Robertson:  A lot of people don't like the idea of the December 31st deadline. We could make a March 31st deadline, which would be more acceptable to everybody and we would recognize that as we do this, the price will go up a little bit because there will be a new tax year and to expect the selling party to absorb all of those costs is probably not reasonable and we will have to accept that we will be spending a little more money, which is okay. It is a pretty good deal in terms of the pricing, and six months is  a lot of time to resolve any issues we want to have resolved.
Mr. Ference: The motion is very simple. We either move forward or not. Mr. d'Adesky:  Yes.  The date of closing is a term.
Mr. Ference: So I make a motion that we do go forward and issues of which will come afterward, but the motion is very simple, we go forward or not, so I make a motion that we go forward with presenting a contract.

Mr. Ference moved to move forward with presenting a contract to buy the golf courses.

Ms. Pontious:   I would like to discuss the context of what's good for us and what' s good for the Maxwell Group.  What's good for them is of no concern to us.  We are here for our residents and our finances and that is the end of the discussion. So if we move forward, it needs to be with no penalties for getting out of this, for all of these things to

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October 5, 2018	Lake Ashton CDD and Lake Ashton CDD II

be done, either they give it to us, or we are going to pay have it done, but Mr. Maxwell and his taxes and all of this is none of our concern and we need to separate that from what we need to do to support our community.
Mr.  Ference:   It is very simple, do we go forward with the contract or not?  The conditions of which will follow. Do I understand that correctly?
Ms. Burns:  We have a motion from Bob.  Does anybody on Lake Ashton I want to second it?
Mr. d'Adesky: Not hearing any, the motion will die for a lack of second. Ms. Burns:  We have no second.  Motion dies for lack of second.
Ms. Carpenter: And I would just suggest that the next thing to look at is do you want to continue to consider the golf course and look into options while he is listing it or ask for him to potentially carve the Districts out from his listing contract, or do you want to just let it die for now and see what happens over the next couple months?
Mr. Costello: I make a motion that we continue forward looking at it, but not that we enter any kind of binding contract.
Mr. Deane:  Second.

Mr. Costello moved to continue investigation of the golf course purchase and continue delegation of Supervisor Costello and Supervisor Mecsics to look into negotiations and authorize staff to do further research on operational costs and due diligence costs associated with the purchase of the golf courses, but not to enter into any binding contracts and the motion was seconded by Mr. Deane.

Ms. Burns:  Motion from Mike, second from Borden.  Any discussion on that?
Ms. VanSickle: We need to ask staff how this would go forward and what our costs would be. For me to vote yes on a contract, I need to know exactly what it is going to cost our residents.   What is it going to cost us?   Not we are going to project this but have a pretty accurate fee of what it will be now.
Ms. Carpenter:  We can have one of our real estate paralegals go through and do a due diligence sheet so we can get some proposals for costs for surveys, environmental
42

October 5, 2018	Lake Ashton CDD and Lake Ashton CDD II

studies, at least a range if not flat costs.  I would also probably suggest that the Districts explore some management companies to be able to get a feel for how much it will really cost to have a professional management company come in and at that point you can get a pretty good idea of the costs.
Ms. VanSickle: That is what I want. To know what the expenses are. Mr. Deane:  That is what we need.
Mr.  Costello:   But unfortunately at this point even after talking to them, we are somewhat feeling blindsided on this.  We  don't need that.  This  could  end up becoming a tragedy and we could end up with more problems than we ever anticipated so I think that is the right way to go right now.  Let's have our people do what they can do.
Ms. Carpenter: And we will be happy to share with the manager to assist with keeping the costs lower for things like getting bids for building inspections and those kinds of things because that is time consuming and there could be some issues there also.
Ms. VanSickle:	I think one thing that is very important we have the support of our residents because this is going to affect them. I know we have the responsibility for that vote, but I think we need to get their input on this.  I know we had one meeting, but I think it needs to go further than that. This is major. We have never done anything this major before.  Without the support of the community, I don't think that it is going to fly. Mr. Costello:   One of the first things we were told from another community that purchased  their  golf course  about a year  and  a  half  ago  was  not to  do  it without the
support of the community and to take your time, don't rush. We are being rushed.
Ms.  Burns:  I just want to let both Boards know that Jan's  group  charges by the	                   hour and we charge a flat fee and since the work we have done to this point is well above
and beyond the scope of the management contract and should we decide to go forward, we would present for authorization for additional funds towards the golf course purchase. Just so everybody is aware of that. There is going to be other staff fees involved, as well, like for the engineer if needed, but just so everyone is aware.
Mr. Williams:  Did CDD I vote yet?
Mr. d1Adesky:  No.  They haven't taken a vote.
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October 5, 2018	Lake Ashton COD and Lake Ashton COD II

Ms.  Burns:	We  have  a  motion  and  a  second  to  continue  to  look  into  costs associated with the purchase of the golf course while the owner lists.
Ms. Carpenter:   Are we continuing with the same delegated group to work with and answer questions?
Ms. VanSickle:	I would like to suggest the same group because I think you have done an excellent job. Thank you Mike and Jim.
Mr. d'Adesky:  That motion includes delegation?  Mike and Borden, do you agree? Mr. Costello:  Yes.
Mr. Deane:  Yes.
Ms. Burns:  So we have a motion and second.  All in favor?

On VOICE VOTE with all in favor the prior motion was approved.

Mr. Williams:  I would like to make a motion that we join our colleagues for that endeavor and follow it just the way they have and have Jim and Mike work on that.

Mr. Williams moved to continue investigation of the golf course purchase and continue delegation of Supervisor Costello and Supervisor Mecsics to look into negotiations and authorize staff to do further research on operational costs and due diligence costs associated with the purchase of the golf courses, but not to enter into any binding contracts and the motion was seconded by Mr. Murphey.

Ms. Burns:  Any discussion?
Mr. Robertson: Can you restate the motion?
Mr.  d'Adesky:    The  motion  was  to  continue  investigation  of  the  golf  course purchase and continue delegation of Supervisor Costello and Supervisor Mecsics to look into negotiations and authorize staff to do further research into the operational costs and due diligence costs associated with the purchase of the golf courses.
Mr. Robertson: What is this going to cost us?

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October 5, 2018	Lake Ashton COD and Lake Ashton COD II

Ms. Carpenter:  Probably around $10,000 for each Board.  Hopefully it will be less so that we can get proposals, costs, the terms sheet of what we believe appropriate terms will be. I think that will be close. There are probably contracts we would want to get proposals for to make sure you have an idea and good timeframe for the surveys, management companies, inspection contracts, etc. We need to find out howmuch all that is going to cost because it will certainly help with the price negotiation. The information they have is so old that it is really not usable to us.  The reports are from 2008 and 2009. So that I would say it shouldn't be more than $10,000 each and hopefully it will be less, but we won't know until we start talking to surveyors and the others. The surveyors are the most difficult right now to get information from.
Mr. Robertson: And what about GMS's price to do work on this?
Ms.  Burns:   We  were  proposing  $2,500  a  month split  between  the  two  CDDs. Instead of doing an hourly fee we will use a flat fee for the Boards to consider.  That is our proposal to work on this issue.
Mr. Robertson:  For about six months because that is probably what it is going to take to do this?  We just said it will be at least through the end of December.
Ms. Carpenter: We hope it will only take a month or two to get proposals so the Boards can make a decision as to what it will cost.
Mr. Costello:  What extra is GMS having to do?

Ms . Burns: It is a lot of legwork with the contracts, committee meetings, conference calls that we have been a part of. We have had quite a few calls in the past two weeks and have spent several hours on the phone each time and coming here for additional  meetings.    There  is  a  lot  more  going  on  than  just  the  regular  District management contract.
Mr.  Mecsics:   I thinl< we have to go back to the seller and ask them if they will extend while we do our due diligence.   That is still out there so I am just bringing this back to reality.
Ms. Carpenter:  Our discussion with Lake Ashton was that we would go back and tell them the District is still interested and ask them to carve out the Districts from their
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October 5, 2018	Lake Ashton CDD and Lake Ashton CDD II

fees. They may say absolutely not, we are going to sell no matter what. We don't know what they are going to do.
Mr. Robertson:  That is actually what they said that they were not going to do in prior discussions.  They are not going to accept that as an option.  So whatwe are looking at is spending $26,000 to continue our  investigation with no  commitment from them to sell it to us at that point. So over the course of three months we may spend $26,000 and have no idea if they will accept a contract at that point. That is what we are looking at.
Mr. Costello:  I thought we were going to go back and present something to them.
We do have a meeting on October 15th and we can see what happens around then.
Mr.  d'Adesky:   That is why I clarified regarding the delegation.   The delegation allows Supervisor Costello and if approved Supervisor Mecsics to go back next week and try to schedule a meeting before the 15th with all of us in the room to try to negotiate that and see what we can do on that. At the same time, simultaneously we can do a lot of the work.  Some of it is due diligence work that we have been doing regardless.
Mr.  Robertson:    What  are  the  terms  that  we  want  to  put  in  this  so  that  we understand? What are some of the things we want to add to see if we have any hope of getting a contract?
Mr. d'Adesky:  I think after this motion we were going to go through the terms to get the Board' s feel about each term,  go line-by-line through the term sheets.   It is  not very long.  We can get a consensus.  We can do that, or we don't have to.
Mr.  Costello:  Let's be honest.   You don't buy something in this short amount of time. Prior to him accepting the contract, do you think we really should be doing any background work?  I realize that a big part of it is the fact that we are so limited by time.
Ms. Carpenter:  Yes, and this is a large purchase by two Boards.  I think the basic

terms have been somewhat laid out and the decision is are the Boards going to rush and put together a contract by the 15th without the complete knowledge of what it would cost to go forward or not. It sounds like Lake Ashton I made a decision to let's keep talking, tell them we are interested, and in the meantime we are working to get our proposals, costs, and are interested, so carve us out from this and hopefully we can get this ready to
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go within the next month or so. In the meantime we will have to work out contractual terms based on what we know, and if questions come up and the folks want to meet together to weed out some of the issues, the delegation is there if there are any issues we think are pressing or they want pressed. The other part I hate to bring up, but it is going to be very important for the Boards to make a decision how they want to go forward together because it is impossible to figure out what the costs will be and how this will work without knowing if this is going to be 50/ 50, based on acreage, lot counts, etc. It all makes an impact on just about everyone.  It is a pretty key issue.  It is hard to know the costs until you know that. So you have a motion and have had discussions and it is a similar motion like Lake Ashton I to not present a contract today, but inform the seller that the Districts are interested and are moving forward to get the costs to be able to present a contract.
Mr. Robertson:  One of the things is if in this process we come up with terms that are absolutely impossible we are going to spend around $30,000 and he is going to say no again. Before we agree to spend that kind of money, I would like to know what the terms are.  If the terms are something reasonable, then I would be willing torisk spending that money, but if the terms are so offline from what we think he might settle on, why would we spend any money at all? So the point is, if I knew the terms, and I thought the terms were reasonable, I would be much happier to spend $13,000.  I thought we were actually proceeding to a positive conclusion, but if we are just doing it as a delay factor, and just take the risk on somebody else buying it, why do we want to spend $13,000 of our money for no reason? That is my perspective. So if we discuss the terms and get terms we like we can invest the money.
Mr. Mecsics:  Andrew, you said we have the terms right here and it is not a long list. I know folks are probably getting hungry, but we have the terms right here and we can discuss it.
Mr. d1 Adesky:  Does everyone have a copy?  We can go through them.
Mr. Costello: They have a motion still.

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October 5, 2018	Lake Ashton CDD and Lake Ashton CDD II

Ms. Carpenter:  Currently there is a motion and second so I think you should vote on that motion that you don't present a contract right now and go forward with gathering enough facts to be able to present a contract. If you want to present terms within a contract, that is a different motion.
Mr. Robertson: It is a different motion, but it would be more appropriate to discuss the other one first then we can have that motion. Do we want to withdraw the motion and reinstate it after we discuss the terms?
Ms. Carpenter:  If Mr. Williams willwithdraw his motion.  That is up to him.  There is a motion and second very similar motion to Lake Ashton I.
Mr. Williams: We spent $30,000 onthis NGF study that gave us some information. What this motion would do if we went forward with it, for probably around $13,000 you get additional information. Frankly I think we should vote on it. I think we should join our colleagues and go along with them and be a community.
Mr. Robertson: Okay. We have a motion. All those favor?

On VOICE VOTE with all in favor the prior motion was approved.

Ms. Carpenter:  I think we have good direction.  Now the next issue before we go forward with talking any more details, and if the Boards want to talk more details on what the terms would be, the discussion of the relationship between the two Boards, if that is something that can be decided today, because that is a significant term in the work the manager put together on what the actual cost is going to be per resident. You have total costs and it really isn't possible to look at the issues per District.
Mr. Murphey:  Are you talking about how to split them between the two CDDs? I think the only way to do it is per household. If you split it 50/ 50 then each household on the West is going to be paying a higher proportion than the people on the East.
Ms. Carpenter:  The Boards can make the decision today, or we canpresent several options on what the cost will be based on 50/50 or acreage or lots. It is really up to the

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Boards  how  they  want  to handle that.	It is a pretty significant term in drafting the contract on how that will work.
Ms. Burns: If you'd like to see it both ways, I am happy to present it both ways. Ms. Pontious: Well it is 50/ 50 or 60/ 40 or 41/ 59. It is not a significant difference.
Ms. VanSickle: If we did it by house number, we would be paying more for our golf course than they would be paying for their golf course so we would be paying a higher premium on ours.  Am I understanding this correctly?
Ms. Carpenter:  Yes.   There are a lot of ways to look at it.   We can bring up the purchase price on acreage, on the number of holes, on amenities, split the ongoing operations per lot. There are a lot of things to think about in the actual proration.
Mr. Costello: And the only thing there, if it isn't split 50/ 50 quite honestly shouldn't we have a higher say in what goes on? It should be a 50/ 50 split because in essence a lot of people from one side and from the other are going to be deciding which direction it should go.
Ms. Carpenter: An alternative also is can they besold as two separate golf courses? Mr. Deane:  Part of the West's golf course is on Lake Wales property.
Ms. Carpenter:  We are going to have to look at the surveys to resolve that.  I guess it is not something the Boards can do now.  We can present some different options, but it is something that needs to be decided really before you issue a contract because you cannot suddenly be bound to pay all of this money and not really know who is going to pay for what and how the relationship will work
Mr. Robertson:   If both Boards were combined at some point, you would have a higher operations and maintenance for one group for the West versus East if you don't do it by  per  lot.     If you try to put the two  Boards  together,  all the sudden  you are representing everybody and the houses built in the West will have a higher operations and maintenance cost than the houses in the East based on a 50/ 50 split.
Ms. Carpenter: If you merged the Boards you could redo your assessment the way you have the interlocals and any relationship among the parties.

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Mr. Robertson:  So then the costs would go up for the East and the cost would go down for the West if we chose the 50/ 50 route .
Ms. Carpenter: I am not sure. Your administrative costs would certainly go down. Mr. Robertson: We are talking about the golf operations.
Mr. Costello: Everything would be the same if it were per household. 
Mr.  Robertson:   That is why I thought per household made sense, but if you say 50/ 50 then you are putting more of a burden on the West to pay for it than the East.
Mr. Williams: Didn't Jillian say she would look at it both ways and bring it back to us? Is it really necessary to debate this now?
Ms. Carpenter: Yes, and you may also want to look at acreage, so if for some reason there was a split at some point there would be an actual value for the purchase price versus acreage and operational by homes. There are a lot of different ways we can look at it and I know GMS has a lot of experience in assessments and we will look at the real estate part to come up with some options.
Mr. Williams: Then we don't need to discuss it any more. Let's wait until we get the information and then go from there.
Ms. Carpenter:  Then I guess the last part, Mr. Robertson, you said you wanted to talk about terms.  Did we want to discuss further the terms or continue them as they are?
Mr. Robertson:  They are unacceptable as they are so we need to.
Mr. d'Adesky:  We will start with the $477,000 base price.  So I think the thing that everyone commented on for this is the three year term for repayment and wanted it to go to 10 years. Can I get a general consensus on that?
Mr. Costello: How about we go to 6 years?

Ms. VanSickle: Are we talking an interest rate on this? Mr. d'Adesky:  It was presented with no interest.
Mr. Mecsics:  We talked about 10.   You start with 10, then if we have to fall back, we fall back I would say 10, then negotiate and get some leeway down to 6.

Mr. d'Adesky: Are there any other objections or comments on the base price, the
$477,000 for fee simple? Not hearing any, with regards to the long term lease, I think one
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October 5, 2018	Lake Ashton CDD and Lake Ashton CDD II

thing Jan  brought  up,  and  I  think we  want  to  demand  is  assignable.	Is  everybody amenable to that change?
Ms. Carpenter: And perhaps we can agree to a two year or very short term to make sure that is not expected to continue further.
Mr.  Robertson:   Perhaps  it  should  be  like  5  years  for  the  time  the  golf  course expects to sell the property?
Ms. Carpenter: I would suggest that we agree to a year or two and see what comes back. The initial contractual term should be a short term. He is probably not going to like it, but again, we don't know what his real deal is. I would hate to negotiate something we may not have to .
Mr. Robertson: Can we give the negotiating group a range to work with? Maybe between 2 to 5 years?
Ms.  Carpenter:   He has  come back and  said unassignable  so  I think we  should come back and say we will agree to 2 years and see what he comes back with. We are not presenting a contract at this point. This is just the terms sheet to see if we can get close enough by the next meeting to be able to understand.
Mr. Deane: I think that what he is looking for is the security to build all of the houses. So why don't we say to build all of the houses?
Ms. Carpenter: No, we don't want to dothat if all of the houses aren't built within a certain timeframe so I don't think you want to be tied to that, at least not unless we know a little bit more.

Mr. d'Adesky: Next is a bigger one, which is the membership fees. The 50/ 50 split of the membership fees.
Ms. VanSickle:  No.
Mr. Deane: No.

Mr. d'Adesky:  We want all of the membership fees?

Mr. Costello: Pro-rated at the time of closing. Whatever it is, that is what they would keep. Anything beyond that is ours. We need operating capital.

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Mr. d1 Adesky:  Okay, so 100 % of the pro-rated membership fees .  The next one is the date of closing.
Mr. Deane:  Negotiable.
Mr. d 1 Adesky:  Do we want to set a minimum?  Doug had mentioned the 31st. Mr. Robertson:  I said March 31st.
Ms. Carpenter: Yes, 120-180 days is reasonable.
Mr. d'Adesky: The next one is paying all of the assessment fees. I think he has agreed to that, city, county, local, HOA, O&M, bond debt. At this point he has agreed to pay the bond debt conditioned upon us 50/ 50 splitting the membership fees, so would you want us to come back and say no, we want you to give us the membership fees and pay the bond debt and not be flexible at all?
Ms . Pontious:  Because we know he is still getting the $10,000 per house.
Ms . Carpenter: As a part of the bond debt, one thing we will need to do is check when the bonds were refunded on both sides, there are restrictions on other financing . We have to look more carefully now at that language to see if we have to get bondholder consent to acquire the golf course and enter into any transaction. So we will explore that at the same time we can explore to see if there are any options on the bond debt.
Mr. Robertson: Is that restriction on CDD I only?
Ms . Carpenter: I think almost every set of bond documents includes that you can't have any other financing without their approval if the Districts are going to owe any money to the purchaser.
Mr. Robertson: If we acquire another asset what happens? Are we allowed to? Ms . Carpenter:  If you paid cash out of your operating expenses, then yes .
Mr. d'Adesky: If you would still owe money after closing, that is the debt.
Mr. Robertson:	I understand that it is the indebtedness, but there is also an asset there as well. You can say I am indebted for $200,000 for a $1 million asset.
Ms. Carpenter: But if they foreclose, they won't get the golf course because that is	                    not covered by the assessments because those will pay off and they will not be getting
the benefit of it. We just wanted to tell you that because we have to look at the language

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and make sure if we have to get the consensus that we do start that process because it is time-consuming.
Mr. d1Adesky:   The next one is survey and title.  They agreed to provide the title by a reputable national company, First American I believe. It has satisfied everything to our s atisfaction. The survey, normally with typical commercial transactions, it requires a  survey.   So  that  will  be  proposed  going  forward.   We  also  will  be  paying  for  the environmental study. They can provide us with an older updated one that will help with getting the current one quicker, but we are still going to have to pay for that to be done. We need a new one because it is too old. 
Ms. VanSickle: How much is it going to cost?
Ms.  Carpenter:   That is  one  of the  things we  need  to  get pricing on.   We need building inspections and additional reports to determine cots of anything else we are not
aware of.
Mr. d1Adesky:  Next was member retention information.  They said they only had it for the last two and a half years. Are you comfortable with that?
Mr. Deane:  No.
Mr. d1Adesky:  We can ask for more.
Mr. Robertson:  You would have to go back to the developer from Mark Schreiber's side and get information from him. He retained that information.
Mr. d1Adesky:  We will try to see what they can provide us with, the seller to pay off the equipment contracts and transfer all of the equipment.  The next one is a big one. The upfront payment of $240,000 to satisfy the free golf requirement whereby we would be required to provide any new home purchaser with free golf for a year in exchange for a one-time upfront payment.
Ms. VanSickle:    I think we need to have some sort of time limit on that.   It could be dangerous if we find out we are continuing to lose half a million dollars on the golf course a year we might have to make some changes. This might pull us into a contract
where we can't make those changes.
Mr. d1Adesky:  So maybe a 3 year time limit?
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Ms. VanSickle: Maybe 2?
Mr. d'Adesky: Start with 2 and if they don't agree to that, come back?
Mr. Costello: One of the things they have to remember is by them giving away a free membership it does entice people to join the golf course. People like Stan for example, who said he never golfed before he came down here, he started golfing and all the sudden he is a member. So you do have to remember that by giving it 3 years, you are taking the chance that you may have somebody golf here for 10.
Ms. Pontious: What about changing from a year to 3 or 4 months?
Mr. d'Adesky: No, because that is their contractual obligation. They are trying to have us assume their contractual obligation. They are trying to make sure that their obligations are fulfilled so they can still collect on that.
Mr. Murphey: How did they come up with $4,000 per membership? Mr. Robertson:  That is the average membership.
Ms. Pontious: We have a single sitting behind you saying she has paid more than

that.

Mr. Costello:  Yes.  I paid around $4,200 with tax.
Mr. Murphey:	I don't like this provision at all.  He is still collecting $1.8 million

for those lots.
Mr. d'Adesky: I will say the justification is a:nd thiswas expressed at our meetings, they have said we are getting a reduced purchase price that is offset.
Mr. Murphey:   It is in his best interest if we do buy this course for us to keep it in good shape if he is offering people free memberships so it is actually worth something. I think he is getting off lightly there.
Mr. Mecsics:  We do have a builder here that does have a vested interest and while that $10,000 or whatever that amount is, that is between him and Mr. Maxwell, maybe there needs to be some discussion between the Boards and Mr. Schreiber saying we need some backup here, what can you do to help us.
Ms. Carpenter:  That is part of the due diligence and I was planning to try to reach him to see if I can do that.
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Mr. d'Adesky :  So to be clear, the direction is to ask for a 2 or 3 year limit on that particular item. The next one is to provide copies of current membership information. We are going to get that since he already agreed to that.  The next one is to provide all existing appraisals for the property, which he also agreed to do. The next one is to provide all of the copies of permits, licenses, and other authority governing the golf club and for them to pay for all of the transferring permits, which was also agreed upon.  The last one is to provide copies of all of the contracts, leases, and any other agreements that will need to be assigned. That is it.
Mr. Robertson:   Okay, so this is going to be presented to negotiation within the next 10 days?
Mr. d'Adesky: I will send it as soon as I get back to the office . I will send an email
to their attorney and get it going.
Ms . Carpenter:  We will put together the revised term sheet, have Mr. Mecsics and Mr.  Costello review it, and once it is okay, we  will tell them on  Monday that we are interested, we are not ready to present a contract, but we are working towards terms for the Boards to agree at their next earliest meeting.
Mr.  Costello:   And prior to any agreement, you are not going to start any of the work, are you?
Ms . Carpenter:	We will go ahead and get the costs for you so when you are
deciding whether you want to present a contract with these terms, you will know what the cost is really going to be and you can decide how to proceed.
Mr. Robertson:  What happens if in this process of the next 10 days and he says no

and that he is going to sell it to someone else? Are we still going to spend the $26,000? If he says no, those are unacceptable, do we continue to spend the $26,000?
Mr. d1 Adesky:  No .  We wouldn't do more work if it is clear to everybody to not proceed.  Of course not.
Mr. Robertson:  That was my point originally that I don't want to spend $26,000 if he says thank you very much, I am going to sell it to someone else. We will cease any of those costs, right?
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Mr. d'Adesky:  Right.
Ms. VanSickle: However, if he does show interest in this, before we approve an actual contract I would want some of these other considerations taken care of. How  do we do that?
Mr. Mecsics:  That is part of the negotiations.
Ms. VanSickle: Okay, that's what I would need. Thank you.
Mr. Ference: Is there any other business that needs to be discussed?
Ms. Burns:   Do we want to set another joint meeting?  We can always cancel it if we don't need it, but we should get that coordinated because we will need to advertise.
Mr. Costello: We have a meeting on the 15th.
Ms.  Burns:  We can't advertise for a joint meeting on the 15th•   It is too late to get an ad in by Monday.
Mr.  Robertson:	We  can  continue  this  meeting.	We  can  legally  continue  the meeting to the 15th or another date. We just need to select when now so the public knows.
Mr. Deane:  That is true.
Ms. Carpenter: The 15th is not a very long timeframe to be able to get proposals
for costs for title and survey. I don't think we can reasonably if we are going forward have a good cost and get those so quickly.
Mr.  Robertson:	I am not suggesting it has  to be the 15th•    I am saying we can continue this meeting to a date of whenever it is convenient for us and to have all of that. Ms.  Burns:   I think if we  are not trying to  get something under the  advertising
deadline I think staff's recommendation would be to advertise the new meeting, as we have time to advertise. It is a big issue. If it is beyond the 15th we will have enough time to advertise a new meeting.
Mr. Deane:  Then we have to pick a date.
Ms.  Carpenter:	October  22nd   or  29th?	Those  are  Mondays.	The  29th  would probably be better. It is the 5th so that would give us 3 weeks.
Mr. Williams:  I am not here on the 22nd.

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Ms. Carpenter:  The 29th perhaps?  That shows good faith that we are trying to get this thing wrapped up, the contract issue by the end of October.
Mr. Deane: So can we make it the 29th after Monday Morning Coffee? Ms. Burns: Christine, does that work?
Ms. Wells: Yes.
Ms. Burns: So 10:00 a.m. on October 29th. We will advertise for that joint meeting.
FOURTH ORDER OF BUSINESS	Supervisor Requests and General
Public Comments
Mr. Robertson:  We will invite Supervisor Requests and General Public Comments.
A resident: I have a question for attorneys. How many CDDs do you operate with that have golf courses?
Mr. d'Adesky: That have them or own them? A resident: Own them.
Ms. Carpenter:  They are suggesting we take comments and answer the questions at the end.
A resident:  Okay.  My comment is there are 1,172 CDDs in the state of Florida.  In a handful, and I don't know if that handful is 5 or 10, the first thing I want to say is that I am in favor of buying the golf courses, but I am not so sure I am in favor of buying the golf course by the CDD. The reason being is that tax dollars. Regardless of what happens, we are responsible for those tax dollars. We can't even agree, as you can see at this meeting today, so there has to be another way of doing this. I think moving forward to finding out what the ownership wants is one thing, but we don't even have a plan even if we get that back, how will we run the golf course? Are you going to lease it out to a golf management company? Are we going to have a Board of Governors? How are we going to do it? I think while we are looking at ways of buying it, I think we need to look at the ways of how we are going to spend our money operating it. I think we have to come together with those two plans at the same time.  Then we can move forward.  And if it comes out that the CDD proves that we can operate without upping assessments, let's look at it and present a contract. I have heard from one member here today that I don't

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know  if  he  represents  the  CDD,  the  neighborhood,  or  Mr.  Maxwell,  and  I  am  not comfortable with that so I would like everybody to understand, let's move forward, let' s do the investigation, but let's not spend another penny because I think the NGF report was not right.  They didn't even look at or examine the water systems.  The water system is 15 years old and about ready to burst. That is from experience of living on five golf courses in the state of Florida.  That is a lot of money.  They didn't even inspect the soil samples the University of Florida Agricultural Department provided to find out what we need to do with the greens in the very near future.  Those are the things that need to be answered.    Those  are  things  that  get  expensive.    I  appreciate  everybody's  work.    I definitely appreciate Jim Mecsics and Mike Costello getting involved in  this  situation, and the attorneys and the rest of staff and their time, but please let' s make sure when we get together how we are going to buy it and operate it at the same time and where is the membership coming from.  Mr. Robertson quoted the NGF report, but he didn't give the whole truth.  NGF said it looks like it operates successfully.
Ms. Burns:  That was 3 minutes.
A  resident:    Thank  you.    Let me just  say  to  Brenda  and  all  of those  who  are concerned about doing our due diligence. I 100 % agree with you. Carla is right. I am in favor of the golf course, but we should not do it if it is not the fiscally responsible thing to do.  I want to talk about the short timeline.  You can go back to the first joint meeting in February, the joint meeting in May, and the joint meeting in August, and the same
discussion points were made by everybody at this table and we have made no movement towards a decision. So now we are coming up at the 11th hour so I would ask how many meetings  did the lawyers and our people meet with Mr. Maxwell's group?   I assumed from the discussions it was once. There has been no dialogue, no back and forth. We are going into this with, accept it for a discount. We needed to go in with a  position that these Boards in almost a year should have come up with a position that was acceptable  to us and so whatever it is, we met for more than 2 hours today talking about the world and in 20 minutes you solved what was acceptable to the Board members here. In agreement of those  things  and new members,  rather  than 30%  or 60 % or  whatever, I
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would say be a cost certain, you pick the number, be it $3,000 a home, $2,000 a home,
$5,000 a home, whatever, and get your money upfront.   That gives you an additional
$300,000 in your pockets because you are betting against people not joining. Bet against people joining is all I would say.  Thank you.
Mr.  Tom Scali:   I just have a question on the taxes.    If we were to purchase the course, because we are CDDs, are we liable for any state taxes or any taxes?
Ms. Burns:  We will address all of the questions at the end.  You have 3 minutes to ask questions if you have any others.
Mr. Scali:   Okay.  If we are not, which I believe we aren't but I don't know for a fact, then this whole issue of December 31st becomes our reviewbecause when we do take title, then the developer only has to pay that percentage and it is not $300,000 or $250,000. It is significantly less than that. So please keep that in mind when negotiating.
Mr. Steve Realmuto:  I was glad to see the Boards give the management company direction to investigate and present the different options with regards to how this will be paid for between the two Districts.   It is my understanding that the two options are by number of lots or 50/50. I would like to know if that is correct when you answer questions, but how you pay for it is only half of the equation. Personally I can live with either of those, provided, and this is a big if, if the ownership interests were proportional to how you were paying for it. So that is saying if you decide to do it by lot, then the ownership interest of each District should be proportional to that so that if you went with per lot, CDD I would own the greater portion of it than CDD II. On the other hand, if you went 50/ 50, each would own 50 % of the assets regardless of which side they are on. That is important to point out because Eagle's Nest is entirely in CDD II and also the voting interests should be proportional to the payment.  So those need to go together.  I can live with either of those, but you have to make the ownership interest and voting interest proportional to those. Moving forward, you are going to need to decide. It might be simpler for each CDD to simply pay for it and own the golf course, or if you want to make this one community you need to look at a way of owning it jointly and not necessarily each CDD owning the piece that happens to be on its side. Perhaps you need
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to form a separate corporation to hold it in the same proportion as you pay for it. So please consider this as you move forward as you present those options and I will be looking to see how that gets assigned.  Thank you.
Mr. John Velebir:  I am not opposed to owning the golf course.  In fact I think Bob Zelazny makes a great point that it would be great to control that 200  acres of land  and be able to do whatever we want to. The fact that it is operating as a golf course now provides some income stream to offset the operations costs. What concerns me is that we are just rushing along here, even though you have been doing this for like a year.  I am  not opposed to owning the golf course. What I am opposed to is rushing through this thing, taking it on when we don't have any  real  idea beyond the  purchase  price of what it is going to cost us. We don't know the cost of the operations and everything else. Yes, there is a ticking time bomb out there for assessments.  There is a community over here thatjust had assessments of a million dollars to operate the irrigation system, which you need for the golf course. I would just like to see a plan as to how we are going to do this, how we afford to buy it, how we afford to operate, what the plan is. What does rushing headlong into this thing do for us? I cannot believe one single person up there would do this with their own money.   It is other people's money.   Jim said I am a risk manager. This is other people's money, though. I can't believe anybody up here would spend their own money as recklessly as what I see you proposing.
Mr. John Castelli: I am not in favor of buying the golf course. We have 75 % of the people here in Lake Ashton up in age. Most of them can't play golf and most of them don't want to play golf. I don't think we should be forced into paying for this for the people who want to play golf.  People who want to play golf spend $5,000 a year to play golf.  They can golf anywhere.  If someone does buy this golf course, more power to them. This just boggles my mind and I am afraid because if we do go into this, you are going to assess me up the nose where I will need to sell my house. Everything keeps going up. You think running this golf course is high now? In a year or two it will be even more because you have so many unknowns.  You don't even knowwhat you are dealing with.

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And if you do buy it, you will have losses against you. With the residents here, you will have a lawsuit. Believe me, not everyone is interested in owning this golf course.
A resident: As I was listening today, I was making notes, so I am just going to give you my notes and you can figure it out as we go along. My first question was has a pro­ forma ever been done? It seems like no and there are no answers to comment on money. I keep hearing the same thing over and over again, what is this going to cost us? It has not been answered.   I  get a lot of it could  be  this  much or  scare  tactics  and  rush to judgement to make this purchase. I don't understand for all of the time that has been spentas of this last meeting with Mr. Maxwell, all the sudden he wants it done by October 31st. We have been talking to him for a long time, and now it is October and close by the end of the year.
Mr.  Costello:  We haven't spoken to him all that long.   We spoke to him only 3 weeks ago.   Everything else was through different residents who have spoken to people
from the golf course, but actually sitting down and speaking with Mr. Maxwell and Mr. Lee, it only occurred with myself and Mr. Mecsics I thinl< around September 24th. That was the only time we spent with them.
A resident: It sounded as if there had been conversations going on and now all the sudden it is just this once.
Mr.  Costello:   And you have to remember, I am sorry to interrupt,  but I thinl< everyone will agree that what we spoke about that day and the agreements that were made, had changed quite dramatically.  So no, we are not trying to rush into it.  He is trying to rush us through it. They are trying to push us through it. We are not trying to push doing it quickly.
A resident:  That is not the feeling I was getting earlier in this meeting.  It sounded as if oh my goodness we need to go through with this, ready, shoot, aim.  That scared me. Mr. Costello:   Quite honestly I thinl< maybe you misinterpreted some of that.   It  would be helpful if we had more time.  He is trying to get rid of something that is costing him money. We are trying to look at it as how we could possibly buy it and at that point if we make money, great. If you look at some of the figures that were brought out today,
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it is quite possible we might make this an asset. We don't know that this is going to be a deficit to us and I am sorry I ate up some of your time.
A resident:  That is okay.  If I misunderstood it, I misunderstood it, so thank you for the clarification. I agree that a lot of the same questions keep resurfacing and are not being answered.
Mr. Costello:  We have been trying to get answers to the same questions.
A resident:  This environmental study.  Why are we paying for it?   Why is it not included in whatever monies Mr.  Maxwell may be getting per house?  Typically when you are trying to sell a property you try to give your buyer as much information as possible. It seems like we are absorbing an awful lot of costs from Mr. Maxwell. If they put the golf courses on the market, are they such a hot ticket that he is going to have a rush of people coming in? I don't think so. I am not a golfer and when I first came to this meeting, I thought I understood after all of the conversations that yes, we should buy it for  our  own benefit.   Today, I am not sure  where  I stand anymore.   I don't  have  any answers.  I feel like I know less now than I did coming in the door today.  That bothers me. At one point I thought okay, let's do this, it makes sense, but I am not so sure now. I  am also concerned about the idea of 50/50 or whatever.   That is why we  have  the electoral college so California can't decide what the rest of the country is going to do and somehow we need to figure out how to do this so everybody has a say.
Ms. Carol Rowe:   1053 Sawgrass.   I have lived in Lake Ashton for almost a year and when I bought my home it had this amazing greenspace.  I don't play golf, but I do use that greenspace.   When the golfers aren't out there I use my golf cart and take my daughters for a little drive.  I think it is supremely important that we own that land.  I am happy for it to be a golf course, other than that I really  think it is an asset that I had when I bought in this community and I do not want to see somebody else have it and other residents here be denied the opportunity to use it unless we pay whatever the golf fee is. And I trust that the CDDs are doing an awesome job.
Mr. Williams: Anyone else?

Ms. Pontious: We have to provide answers.

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Ms. Burns:  The first question was how many Districts do we represent that have golf courses? GMS represents 3 that own golf courses right now and 1 that is considering and likely going to purchase it.

Ms. Carpenter: The ones we represent, we don't have any that the CDD owns it, but one has considered, projected the idea and it hasn't sold so it is still out there. The questions  on the taxes, I think we answered that earlier.   In Florida it is a case-by-case basis based on the county tax assessor. Governments generally are exempt from paying taxes, however if there is a question it is left to the county to decide whether amenities like golf courses and recreational facilities are actually governmental facilities and should not pay taxes. So it is uncertain. We had a lawsuit against the county appraiser for another amenity building to reduce the taxes to only the restaurant portion to be liable for taxes and the rest.  So there is no certain area on that whether a golf course would be considered an amenity or if it would be looked at as a private facility. So I can't give an idea which way it would go or not.   And just to respond to the other questions, I think the Districts have agreed to do pretty much what everyone has questioned, have some basic terms that have been bantered about. I think we finally have some actual terms to begin to look at and the Board directed us to go out there and get the costs for surveying and environmental and all of these various inspections.   The costs they have offered to pay are the customary costs of the seller and commercial transaction in Florida. Unfortunately the purchaser is the one who pays for a majority of the inspections.  That is very typical. We could ask, but it is probably not anything that they would sway on because it is not typical and anybody else would agree to pay those costs.
Mr. Robertson: I have a comment. With the golf course ponds that are within our permits, but within the golf course area, if they aren't maintaining them to the proper standards, what is our next recourse on that?
Ms.  Carpenter:   The District has easements so it is the District's responsibility to maintain those. The District will have to take on a vacancy of those if the golf course stops doing it.

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Mr. Robertson: So they have no legal obligation to maintain the permits and ponds? They can just stop?
Ms. Pontious: If we don't like it we get to do it.
Ms. VanSickle: I would like to make one comment. A lady was concerned that we were moving forward with this. We  are still looking into it.  We are  not entering into a contract. We are going to want to know what the costs are before we do it. Like I said earlier, if we do this, we have got to have the community's support just like whatever else we do. Like Mike said it was recommended by another community that did that. I wouldn't be willing to move forward onthisuntil we had that. When I asked Jillianabout how many CDDs that own golf courses are making money or losing money? She is checking into those figures for us, but I believe they are losing. This is important information. We need to know if we are going to do this how we are going to do it and we can't do it on the weight of everybody's back. I can see a small nominal fee per resident because we all enjoy how beautiful it is. We enjoy using the golf carts, but I think the golf course for the most part should be able to pay for itself.
Ms. Burns: Before we adjourn real quick I think we need to make a decision if we are going to continue this one? I think we are going to go right into Lake Ashton II's meeting since it is already past time for that.
Mr. Robertson: We will take a 10 minute break then we will have the CDD meeting. We will reconvene at 12:37 p.m.

FIFTH ORDER OF BUSINESS	Adj ournment
There not being any further business to discuss,

On MOTION by Mr. Ference seconded by Mr. Deane with all in favor the meeting was adjourned.

Assistant Secretary/Secretary	Chairman/ Vice Chairman

64

MINUTES OF MEETING LAKE ASHTON II
COMMUNITY DEVELOPMENT DISTRICT
A meeting of the Board of Supervisors of the Lake Ashton II Community Development District was held on Friday, October 5, 2018 at 11:30 a.m. at Lake Ashton II Health & Fitness Center, 6052 Pebble Beach Boulevard, Winter Haven, Florida 33884.
Present and constituting a quorum were:

Doug Robertson Jim Mecsics Daniel Murphey Stanley Williams
Also present were: Jill Burns
Andrew d1Adesky
Alan Rayl Mary Bosman
Numerous residents

Chairman Vice Chairman
Assistant Secretary Assistant Secretary

District Manager District Counsel District Engineer Community Director

FIRST ORDER OF BUSINESS	Roll Call and Pledge of Allegiance
Ms. Burns called the meeting to order, called the roll, and the pledge of allegiance
was recited. All Supervisors were present with the exception of Ms. Wright.

SECOND ORDER OF BUSINESS	Public Comments on Specific
Items on the Agenda (speakers willfill out a card and submit it to the District Manager prior to beginning of the meeting. Individuals providing speaker cards will also have an opportunity to speakprior to Board action.)
Ms. Gordon: My name is Janis Gordon and I live at 5525 Hogan Lane. I would
like to address the minutes of the CDD II meeting from the last meeting. Upon reviewing the minutes of the August 10, 2018 Lake Ashton CDD II meeting, I identified numerous inaccuracies. For example, resident names were not just misspelled, but mistaken, mine being one of them. An exchange between Mr. Robertson and Mrs. Soberman, identified Mrs. Soberman as Ms. Thriller. Ms. Grower was also identified as Ms. Thriller and all of

October 5, 2018	Lake Ashton II CDD

Ms.  Thriller's comments were attributed to her.   Ms.  Soberman's  comments were  also attributed to Ms. Thriller.  Information was also excluded.  For example, in my remarks to the Board, I clearly stated that I was a member of the 8:30 a.m. water aerobics class, but 8:30 a.m. was omitted.  I clearly stated that Mary Dornhecker was the intended recipient of an apology letter from the Board, and her name was omitted. These omissions may seem minor or trivial, but I believe that they are representative of other inaccuracies in the minutes, many of which I will not go into. I take notes at the meetings, so I know that there are other inaccuracies.  The minutes are a legal document, intended to provide an accurate verbatim account of the meeting. Not only do they inform those who are not in attendance, butthey serve as extremely valuable information for historical reasons. They should not be an approximation or summary. When I identified a problem, I offered possible solutions; therefore, I suggest having someone present at the meetings to record it, either through shorthand or a legal transcription or a video or audio recording. Additionally, someone who is at the meeting, should proofread and fact check the minutes prior to their release.  Thank you.
Mr. Robertson:  The next public comment is from Bob Zelazny.
Mr. Zelazny: I just have two items; one is regarding the Ashton Drive improvements . This was going to be addressed to the District Engineer. Let me first say that I support the sand solution to preserve the long life of the road coming into Lake Ashton. I believe that it was the right solution. I am not a road engineer or an expert in concrete black top construction; however, I've done extensive research and discussed this
with two residents thathave been in the business for many, many years.  From everything
that I read and heard, the sand solution we chose, would not solve the problems  of having	                  wide cracks, of over one-and-a-half inches in depth, alligator cracking or uneven and
improper  cold  patches.    By  not  doing  the  necessary  preparation  work,  we  are  not resolving the issues, so we have not accomplished our desired outcome.  I should point out, that the previously repaired cold patches, actually came loose one week after we did it. The second issue is the tennis court paving, which is coming up for discussion.  My concern is painting the tennis courts, as  opposed to resurfacing.   Industry standards say

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that resurfacing should be done every three to five years. We have never done it here in the west. The procedure is more than just painting. It includes grinding the surface, to clean and smooth out existing cracks, fixing low spots with one coat of acrylic resurfacer and two coats of acrylic color and then re-lining the court. That is the proper way to resurface the tennis courts, and that's the way we should be doing it, other than just painting. Thank you.

Mr. Robertson:  Ms. Gordon, would you get in contact with Jill after the meeting, to resolve issues with the minutes to your satisfaction, so we can get them amended?

Ms. Gordon:  Yes, however, I think it's to everybody's satisfaction notjust mine.
Mr.  Robertson:   Yes, I understand that.   Please  talk to  Ms.  Burns and  get those comments into the record.

THIRD ORDER OF BUSINESS	Approval of the Minutes of Lake

Ashton CDD and Lake Ashton II CDD Joint Meeting held on August 10, 2018, and Minutes of the Lake Ashton II CDD Meeting held on August 10, 2018
Mr. Robertson:  We have approval of the minutes, with the modifications. Ms. Burns:  Supervisor Murphey also provided a couple of comments.

On MOTION by Mr. Mecsics seconded by Mr. Murphey with all in favor the Minutes of the August 10, 2018 Lake Ashton CDD and Lake Ashton II CDD Joint Meeting were approved as-presented and the August 10, 2018 Lake Ashton II CDD Meeting were approved as-amended.

FOURTH ORDER OF BUSINESS	Unfinished Business
Mr. Robertson:  We have no unfinished business.

FIFTH ORDER OF BUSINESS	New Business/Supervisors Requests
Approval of Aquatic Plant Management Agreement with Applied Aquatic
Mr. Robertson:	Under New Business we have the aquatic plant management agreement.  Applied Aquatic maintains our ponds.  They asked for no price increase and

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October 5, 2018	Lake Ashton II CDD

would like to continue maintaining· our ponds for next year, so we need a motion to accept the Applied Aquatic contract.

On MOTION by Mr. Williams seconded by Mr. Mecsics with all in favor the aquatic plant management agreement with Applied Aquatic was approved.

Consideration of Engagement Letter with Grau & Associates to perform the Audit for Fiscal Year Ending September 30, 2018
Mr. Robertson: Consideration of Engagement Letter with Grau & Associates to perform the Audit for Fiscal Year Ending September 30, 2018. Grau & Associates have always prepared our audit, so we just need a motion to accept the engagement letter.

On MOTION by Mr. Mecsics seconded by Mr. Williams with all in favor the engagement letter with Grau & Associates to perform the audit for fiscal year ending September 30, 2018 in the amount of $5,800 was approved.

Consideration on Parking Barrier across the street from the HFC
Mr. Robertson: Consideration on Parking Barrier across the street from the HFC. The Board received a memo requesting a parking barrier across the street from the HFC, which was an expense under $1,000. The plan for parking, was that the original parking lot was the first priority, the second parking around the "Park and Share" was for golf carts, the third parking lot was Parking Lot #2 and the fourth parking lot was along the tennis courts.  The fifth and final area, is the area that we are cordoning off.  The only way to accomplish that is to have barriers in place. If you have a large event, we would have security remove the barriers.
Mr. Murphey: Where is this parking area going to be?
Mr. Robertson:  Around the corner, where the palms are currently.
Mr. Murphey: It's across the street. So, this is going to be permanently out there?

Mr. Robertson:  This will permanently be out there, and provide spaces for at least two cars between each space. Whenever there is a big event, our security people will take the chains down, so you can park there.

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Mr. Murphey:  But the poles are in permanently?
Mr. Robertson:  The poles will be in permanently, but they will be nice black poles.
So that has been taken care of already.

Consideration of Flooring Proposals (requested by Supervisor Robertson)
Mr. Robertson: Consideration of Flooring Proposals. At this point we are looking
at all of the costs for buying the golf course, and I wasn't prepared to spend a lot of money fixing our floor at this point in time. I think we need to table that to a later time, if that's okay with everybody.
Mr. Williams:  Super.

Consideration of Proposals for Tree Remova1/Replacement on Ashton Boulevard (requested by Supervisor Robertson)
Mr.  Robertson:   Consideration of Proposals for  Tree  Removal/  Replacement on
Ashton Boulevard.  We lost several trees.  Again, same issue, I suggest that we table this, until we know the costs for the golf course acquisition. We don't need to add those expenses at this point in time. Are there any objections to tabling this?

Consideration of Tennis Court Painting Proposals (requested by Supervisor Robertson)
Mr.  Robertson:	Consideration  of  Tennis  Court  Painting  Proposals.	As  Mr.
Zelazny said, there are a whole series of steps for this. We made an agreement with the tennis people, that when the pickleball courts were completed, we would remove the pickleball lines from the existing tennis courts, and it would revert back to a tennis court operation. If people wanted to play pickleball, they would have to put down temporary lines, as has been done in the past. So, the idea was to paint out those lines. In talking to the people that play tennis, they didn't see a need, at this time, to totally refinish it. They were happy with the performance of the courts, so we didn't come up with recommendations.  We could then go back to the tennis people to see if they actually want us to remove the lines at this point because normally they are playing on one court. I don't often see two courts being operated.
Ms. Bosman: They want it done.

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Mr. Robertson:  Okay, because that's what we agreed to do.
Mr.  Murphey:   I informally talked to  several people,  and they do not want the pickle ball lines. The people also said that they were satisfied with the courts, and didn't feel like they needed to be resurfaced right now, but when we do resurface the courts, what Mr. Zelazny was talking about, needs to be done.
Ms. Bosman: If you look at the proposal, it talks about in detail what they are going to be doing and it includes resurfacing.
Mr. Williams:  Do we want to vote on this?
Mr. Robertson: That's the question, because we said that we would give themback the tennis courts.  I have an obligation to do this.  The cost is $6,887 for us to repaint both courts.  Are there any further comments?
Mr. Williams: Are they looking at repainting both of the tennis courts and  re- lining them?
Mr. Robertson:  Yes.
Mr. Williams:  I had a brief discussion with a tennis player.  Is there a color issue? Mr. Robertson:  No.  The issue is the yellow lines for pickleball.
Mr. Williams:  So they are just repainting the lines?
Mr. Robertson: The suggestion was to repaint the entire court.
Mr.  Williams:   That's what I'm saying.   I don't know if it's true or not, but they were talking about the color.
Ms.  Bosman:   Yes.   A third  color was requested,  and the  Pickleball  Association gave a check to the CDD to have that implemented. It's directly off of a quote from Varsity, so we know the amount that it's going to cost to have that third color.
Mr. Robertson: So when the pickleball courts were painted, they added an extra color and the Pickleball Association. Now what you are suggesting, is that the tennis people don't like the look and now they want to spend more money.
Mr. Williams:   I didn't hear that they wanted to spend more money.   Maybe we can ask them if the tennis people want to get together and do that. This is something one of them asked me to bring up.

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Mr. Robertson:  Then the question is, should we do it and reimburse the Pickleball Association $100, so that we're treating them all fairly? We can afford $100. I'm just trying to be fair to both sides.
Mr. Williams:  Yeah, I guess.  I don't have a problem with that. Ms. Bosman: Then we should refund them?
Mr. Robertson:  Yes.  They are going to give it back to us very shortly.  I just want to be fair. Why should we do something for one and not the other? That was what my concern was. There should be a price increase of about $100 to $200.
Ms. Bosman:  $100.
Mr. Robertson:  So with reimbursing themthe $100, and we are going up to $6,987. Mr.  Zelazny:   At the last CDD  meeting when we  talked  about the  budget,  the  capital project plan, and capital reserves, the resurfacing the tennis courts came up and we asked you to address it. When I saw this item on the agenda today, I assumed it was for the resurfacing of the tennis courts, not overpainting the lines for pickleball.  Now, if you follow the reserve study when these things are supposed to be replaced, resurfacing is three to five years. We are going on 10 years. If you look at the courts, between 50 and 100 repairs have already been done to the courts. We are close to getting to the point where we are going to have to replace the courts, if you don't resurface them now. It's the same as the solution on the roads, where you can extend the life. If you choose to just paint them today and don't do the work right, you are going to end up replacing the entire tennis court within just a matter of years.  I recommend that you  go  out and look at the fixes. I again give credit to the CDD, because they did the work themselves and did an incredible job.  Don't listen to the tennis player who said that they play, okay.  You are responsible for the infrastructure of this community, and you have to maintain it and be fiscally responsible. So, maintainit now, so you don't have to replace it in two or three years.  I have a question for the District Engineer.  What is the difference in cost between
resurfacing and painting? Are we talking about a huge cost difference? Mr. Rayl:  Are we talking about the tennis courts or roadways? Mr. Zelazny:  The tennis courts.

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October 5, 2018	Lake Ashton II COD

Mr.  Rayl:    I'm  not  an  expert  in  this,  but  they  are  only  talking  about  surface treatments and nothing structural.  It is just like staining and sealing roadways.  It makes that surface look nice and black. It doesn't have anything to do with the structural integrity, so there are two different treatments.

Mr. Zelazny:	I am not trying to ask you for any specific numbers, but it will cost almost $7,000 for resurfacing, recognizing thatwe have no infrastructure on those courts. If we chose to resurface it, how much would it cost, so that we have a brand new surface? Mr.  Rayl:   I would say that we could use our current numbers from our recent pickleball court construction.   There's a guy for that.   It would be essentially the same.
Costs haven't changed that much, so we can look at the difference between resurfacing and constructing brand new courts.  I don't know that number off the top of my head.
Mr. Williams:   Maybe I misunderstood, but this proposal is to apply one coat of latex and two coats of four to five colors and primer on the entire surface. This was what Bob was talking about.
Mr. Robertson:  Bob is talking about grinding the entire surface to remove cracks, filling in and repairing any cracks and putting a sand solution like there's supposed to be, a four to five color system with sand in it.  It is a resurfacing process.
Mr. Williams:  Exactly.  That's what Bob said.
Mr. Zelazny: I agree. It's in the Request for Proposal (RFP) and the contract. Mr. Williams:  This proposal says " one", so is that two times that number?
Mr. Robertson:  No.  It's one job.

Mr. Williams:  It says one double tennis court, so that's two.  So, it's another $100 to $200 to getthe color removed.
Mr.  Robertson:    It's  $100.    I  was  trying  to  comply  with the  promise  to  get  it repainted. This is for a complete resurfacing.
Mr. Williams:  Is it a repainting?
Mr. Robertson:  It's more than that, because my initial intent was to spend $100 to buy some paint to try to match the current color, but we have a proposal from Varsity for everything. So, a motion to resurface the tennis courts, would be in order.

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Mr.  Williams:   I  don't know anything about the tennis courts.   Did  we  ever  get other estimates or is this the only estimate?
Mr. Robertson:  We have been only working with Varsity.  We could get a second one, but they have done a good job for us.

On MOTION by Mr. Williams seconded by Mr. Mecsics with all in favor the Varsity proposal for tennis court resurfacing and repainting was approved in the amount of $6,987.

Discussion on Lighting for Pickleball Courts and Parking Lots and Consideration of Proposals (requested by Supervisor Robertson)
Mr. Robertson:  Discussion on Lighting for Pickleball Courts and Parking Lots and

Consideration of Proposals. We now have light poles to illuminate the pickleball courts. We also have a brand new street lamp directly opposite our new parking lot. The difference between the street lamps, is approximately 200 feet. Sometimes it's less, but normally it is 200 feet apart. If we took half of the lighting that we currently have, it's 100 feet. If we go 100 feet in from that lamp post, we are through 90 % of the parking lot. We have the ability to add some spotlights on the back side of the pickleball lights, if we

decide that we need it at some point. I did get a quote to put in fiberglass poles to add extra lighting, which is not required by the city and will cost $5,475, but I'm not recommending that we do that. At this point in time, if we want to illuminate that area, we currently have street light poles on the pickleball court and when we have events, we could ask security to turn on the lights, the pickleball court lights to provide private illumination.  At this point, I think we should go with what we have.  It meets city

standards, so rather than spending more money, we will try and refine it. If there's a significant issue, then we will re-address it at that time.  I just wanted everybody to be up to speed on that, so, no action is required. I was just giving an update.

Discussion on Pond Mowing Request to Yellowstone for New Phase Pond Area (requested by Supervisor Robertson)
Mr. Robertson:	Discussion on Pond Mowing Request to Yellowstone for New
Phase Pond Area. I said at a previous meeting, that now that lots are being sold in the

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new area, we should maintain the big rectangular pond area on Pine Crest Loop. We received a quote from Yellowstone to do a one-time cleaning and mowing on an ongoing basis.   The initial price for a one-time cleaning of the area is  $650 and $300 a month to keep it properly mowed down to the water line. It'd be a price increase to Yellowstone's contract of $3,600 a year.  Mary said that we also received a quote from IGM for $800.
Mr. Murphey:  For $800 a month?
Mr.  Robertson:  No $800 for the initial cleanup.   I didn't think that we should be going to anybody other than Yellowstone, because they are doing that work for us, but I did get a price for comparison purposes, and Yellowstone's price was the best price.
Mr. Williams:  That $600 price that you are talking about, is it in here?
Mr.  Robertson:   There is a separate quote from Yellowstone for $650 or $675 for the initial cleanup, and an ongoing $300 a month to maintain it. That seems to be in line with what they have been doing. The developer is asking us to maintain it. He has been paying us $1,885 to maintain all of those lots for years, but he hasn't beendoing it, because we didn't have a need, so I think that it's the appropriate time for us to do that.
Mr. Murphey:   When would it start? Are you talking about the new area where they haven't started building any houses yet?
Mr. Robertson: Sometime next month. They haven't started building houses, but they've sold six lots.  You have seen on the 5th hole, where they are already constructing, so they are saying that they would like us to start spending some money to maintain that.
Mr. Murphey:  So this would be added to their current contract?
Mr. Robertson: It will be added to their standard contract, for an additional $300 a month going forward.  They are planning to start in December.  We need a motion to modify Yellowstone's contract.

On  MOTION  by  Mr.  Murphey  seconded  by  Mr.  Williams with all in favor modifying Yellowstone's contract to add a one-time cleaning of the new phase pond area for $650 and
$300 a month to mow down to the water line for a total amount of $3,600 was approved.

10

I
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October 5, 2018	Lake Ashton II CDD

Mr. Robertson:  I'm going to interject and present a proposal to resurface the two hot tubs, for a little under $5,000, because they are continuing to deteriorate.  We already burnt out one filter system, due to sand.  It's within my spending authority, but I didn't want to spend money without telling the Board.  They'll do the resurfacing in December.
Mr. Murphey:   Get them fixed.
Mr. Robertson:  I don'tthinkweneed a motion.  It is within myspending authority. Mr. d'Adesky: Is there any public comment since this item is not on the agenda? Mr. Robertson:  Does anyone want to comment about fixing the hot tubs?
Ms. Gordon:   Thank you allowing me to comment.   I'm sitting here in disbelief that you would spend a little under $5,000 to fix two hot tubs that not many people use, yet you tabled fixing the dance floor, which is used almost every day. I would rather see the money used for the dance floor. I understand that you are trying to be budget-wise, because of the pending golf course purchase, but my choice would be to spend money to fix the dance floor, and not table that, rather than using it for the hot tub.
Mr. Robertson: Thanks for your comment. We have money to do the floor, if we decide to.  We never made the decision to redo the floor.  It was a recommendation.  We have been working hard to try and get a flooring that is  equivalent to the walking track,  so if anyone wants to come in here and do walking track activities, you will have the same compression ratio that we have on the track It would cover the entire floor.
Ms. Gordon:  I understand that, but it's really in bad condition, so I would like for you to do the flooring, rather than resurfacing the hot tubs.
Mr. Robertson: I understand, but it's not a matter of this or that. Ms. Gordon: It kind of is, because you are allocating the money.
Mr. Robertson: Any further discussion before voting on repairing the hot tubs? Mr. Murphey:  Do you have any idea how much this new flooring is going to cost?
It is a much larger amount, right?
Mr. Robertson:  Yes.  It is under $30,000. Ms. Bosman:  It's $28,700.
Mr. Murphey:  So it's substantially more money.

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Mr. Robertson:  Yes.
Mr. Mecsics:  Could we take care of the hot tubs?  The golf course purchase is going to be resolved sooner or later, and once we get that resolved, we can come back and look at the flooring.   I agree with you, Janis, it needs  a lot of work,  and  I don't think  that we
should not do  it,  but  it should be set aside, until we  get  a resolution on the  golf course,

and if we have room in the budget, then we will do it.

On MOTION Mr. Murphey seconded by  Mr.  Williams with  all in favor the proposal for resurfacing of two hot tubs in the amount of $5,000 was approved.

Discussion of CDD II Progress (requested by Supervisor Mecsics)
Mr.  Mecsics:	As  many  of you know,  I recently  took  a  trip  on a train,  where  I relaxed and reflected on things. One of the things that came to mind, was the group of dedicated individuals on our CDD II Board. Four years ago when the residents gained control of our community's destiny, we were faced with a truly uncertain financial future.

Mr. Williams:   Jim, I'm sorry to interrupt, but I request that you table this until after the election. I know that is not the intent that you have, but  since  you  are  running for office, the other person running for office, could accuse you as trying to garner votes. We could have discussion and take comments on the progress, but it should be tabled until after the election.

Mr.  Robertson:	As  Chairman,  I  am  going  to  ask  our  lawyer  if  we  are  doing something that's inappropriate at this moment in time?
Mr. d'Adesky:  Frankly, I don'tknowwhat's going on.  Jim didn't distribute a copy of his speech, so I don't know what he's going to say.
Mr. Williams:  I just took it based on the way he was speaking.

Mr. d'Adesky:  Let me clarify that this Board cannot take any position on an issue or candidate to endorse a particular candidate.
Mr. Williams:  Right.

Mr. Mecsics:  I'm not trying to do that at all.  Here's a copy of my statement. Mr. d'Adesky:  Thank you.  This is the first time I've seen it.

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Mr. Robertson: I will go to another subject while you read it and tell us if it's appropriate for us to discuss.
Mr. d' Adesky:  Okay.

SIXTH ORDER OF BUSINESS	Staff and Board Reports
Attorney
Engineer - Discussion on S.W.F.W.M.D. Certification due for Permit #27710.004
Mr. Robertson:  Since the attorney is busy, we'll move to the engineer.  Mr. Rayl? Mr. Rayl:  Thank you.  We learned that S.W.F.W.M.D. is still sending the Notice of
Inspection Letter to the developer, even though we changed the address, so I will rectify that. The inspection for the #27710.004 Permit, which covers about 30 ponds, was due on September  1 st  but I contacted  S.W.F.W.M.D.  to  let them know that we  are  only now aware of it. In the next two weeks, I will be out here at different times, to re-inspect each pond and provide a Statement of Inspection to S.W.F.W.M.D. to re-certify them. We did that 18 months ago, and they sent the re-certification. I just wanted to make the Board aware that was going to be taking place again.
Mr. Robertson:  Just to add to that, we've talked to Applied Aquatic.  They were here yesterday, and are going to be doing extra weed control on the ballast. One of the biggest things that S.W.F.W.M.D. is interested in, is that our filtration system works, so that during a big rain, the water goes through our ballast, filters all of the water and flows into the Peace River. They want that ballast to be free of weeds,  so that it can do its job. I reminded the golf course and Applied Aquatic, that they should take extra special care, in the next couple of weeks, so that when we come by and inspect it, it looks in tip top shape. Don't rush. We've been out there enough in the last year, to know that it is in good shape, but we want them to be able to say that there was no vegetation interference. Ifwe don't do it, it becomes a structural issue, because the roots could go down and cause
damage.  It would be nice if the ballast was pristine.
COD Manager	
Ms. Burns:  I have no report, but would be glad to answer any questions.

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A. Attorney (continued)
Mr. d'Adesky:  There's nothing inherently wrong with Mr. Mecsics statement, but in an abundance of caution, you can say that there is nothing problematic in there, inherently. There was a question about the minutes, and  I just wanted  to  say that it's  very important that the minutes are an accurate reflection, as adopted. It doesn't require
legal action.   It's a necessity.   An attorney general's opinion, which is general guidance for us, defines minutes as II A brief summary or series of brief notes or memorandum, reflecting the events of public meetings in written form. Minutes taken, need not be verbatimtranscripts of meetings.  There's no requirementthat voice recordings be made". That being said, if this Board chooses to record meetings, they may use voice or video recordings.  It is very important that those be accurate reflections.

FIFTH ORDER OF BUSINESS

I.	Discussion of CDD II Progress

New	Business	/	Supervisors Requests (continued)

Mr. Robertson: With Mr. d' Adesky's opinion given, I'll turn the floor back to Jim. Mr. Mecsics: This is not a political announcement. As I was saying four years ago,
when we as residents, gained control of our community's destiny, we were faced with a truly uncertain financial future, with very little resources to accomplish our goals.  Some examples of the things that we had to consider, were the closing of the gates at certain hours and reducing the hours of the HFC operations.  In fact, some of us joked, that we didn't not have enough money to pay attention. Well we did face those challenges, to some degree, and made strategies, which also included using some of our own funds and District resources to maintain our community. Two of the original Board Members, David Harrison, who watched over our finances and even though he wasn't a resident, Scott Owens, who was instrumental in the transition, are no longer serving on the Board. To those two gentlemen, I say "well done".  Through some very outstanding negotiating skills, our Chairman, Doug Robertson got us most of the monies that we were owed, and we as a Board, no longer had to worry about where our funding sources would be coming from.   A strategy to  repair and  enhance  our District resources was  undertaken and

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achieved as our own challenge. We also operated very successfully, our operational style, which started small and grew.  We serve our community, not only during hard financial times, but fiscal ones, as evidenced by the operations during Hurricane Irma, a Category 5 hurricane that hit Lake Ashton directly. During that time, your group and our Board ensued that our facilities were open, in case residents needed them as shelters, and that our gates were manned to monitor our community's safety.   Right after the storm, your Board instituted immediate action, to assist in the recovery of our community and coordination with our city government to clean up ahead of other parts of the community. You probably noticed some of our staff out there repairing fence posts, instead of using reserves. We look to the future, to get the voice of the people on our 2020 project, which is a first for the entire Lake Ashton community. I thank Bob Zelazny for being my point man on that. This project is used as an advisory tool, to focus on community desires that are fiscally prudent. Many points reflected at our budget workshop, used accepted budgetary processes, to ensure that our CDD funds were used in the right way. We worked very hard together through all of this, and while sometimes we don't always agree, we get the job done. Sometimes, there were some allegations of wrongdoing, and I can tell you right now, that's not true, because an analysis was done for the last 16 months; of the 70 votes, 65 were unanimous.  If anyone wants to see that, I can get that for you. As we sit at our joint meeting and this meeting, we have some interesting challenges ahead of us. It will not be easy, but I'm confident that this Board, whether I serve on it or not, will help us to have a great future for this great community, which we proudly call Lake Ashton as our home.  My only intention, was to show perspectives of the Board' s success, which is also your success. I want to offer my fellow Board Members, all present and past, a hearty "well done" and salute them. Thank you.
SIXTH ORDER OF BUSINESS	Staff and Board Reports (continued)
D. Lake Ashton II Community Director Mr. Robertson:  Next is Mary's report.

Ms.  Bosman:	What  you  see  before  you,  is  a  list  of  things  that  have  been accomplished since August. As you can see, we have been busy again. New tile was

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placed in the shower bathrooms . The quality is wonderful, as well as the aesthetics. We had a lot of residents say that they lovethenew floors.  Our OT, as a matter of fact, spilled some water on it and tried to slip, but couldn't do it. That gave us his vote of approval for the condition of the floors.  That cost was $7,278, which was approved by the Board. The mats that had been previously out in the hallway to prevent slippage, were cut to fit into the saunas, because the old rubber mats had gotten brittle from the heat. We thought we would repurpose those and they work wonderful, so that was a win-win. Kincaid finished the pickleball court lighting, which cost $19,491 . That required setting up another account through TECO. I arranged it, so that all of the street lights adjacent to the pickleball courts, are now working. The air handler in this room failed. Their normal course of life was five to seven years, and ours lasted over 10 years.  That was replaced by Tradition Air, not without  difficulty;  however.   I think they put the  air handler in upstairs and built the rest of the HFC around it. They had to actually deliver the air handler in sections to get it up there. The replacement cost was $14,543. Everything ages, including us, and the building is going to age.   I already have James, our Maintenance Supervisor, going through item per item, noting the normal life span. We put monies into the budget for capital expenses, so we will be prepared. The expertise that James brings to Lake Ashton is to save Lake Ashton money.   The Board Members work closely with James and they are well aware of all of his capabilities, or at least several of them. He recently completed his first year of employment at Lake Ashton; therefore,  I  would like to ask for a vote from the Board, for an increase in his salary, anywhere from $1 to $3 an hour.   This  is  at your  discretion, but I'm requesting that this be  effective  October 1 st, which was his work anniversary. Just as a side note, he still gets calls from his old employer, wanting him to come back, so we want to keep him. Did you want to take action on that now?
Mr. Robertson:  Yes.  I want you to give me an exact number you recommend.

Ms. Bosman:   Let's go with a $2 increase.  That would put him in the higher end of the average salary for Polk County.   They always give  a variance.   Am I answering your question?

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Mr. Robertson: Yes, that's fine. I didn't want to debate back and forth between $1 and $3, and since you are the  person in charge,  I want the number from you.  Then we can decide what to do with your recommendation.
Ms. Bosman: There has already been money set aside for our employees. Mr. Robertson: Yes. We put that into the budget.
Mr. Mecsics:  James is one heck of a guy.  I have seen him pull miracles when fixing things. He is a good man and a true asset to Lake Ashton.
Mr. Mecsics moved to increase the Maintenance Supervisor's salary by $2 per hour as recommended by the Community Director and Mr. Williams seconded the motion.

Mr. Robertson: Does anyone from the audience want to comment, because this item is not on the agenda?

Mr. Zelazny: What does that make his hourly wage?
Ms. Bosman: It'd be $18. The highest salary is $21 an hour, so he's not at the top. 
Mr. Robertson: If I understand correctly, after the hurricane, he wasn't happy with how things were done at his other location, and he decided, in all consciousness, that he couldn't continue that way, so he took a significant pay cut to come to us.
Ms. Bosman:  Yes, definitely.
Mr.  Robertson:   He  already  proved  his  worth to  other  places,  and he  certainly	 proved his worth to us.  That's why we are looking at that increase, at this point in time.
Are there any further comments? Hearing none,

On VOICE VOTE with all in favor increasing the Maintenance Supervisor's salary by $2 per hour as recommended by the Community Director was approved.

Ms. Bosman: New aggregate was placed in the washout area. This is the area by the pickleball court square. After a significant rain, James would be out there shoveling it back in. We put 1,000 pounds worth of aggregate, costing $3,774. We haven't had any washouts since, so that was a very inexpensive fix.  The kitchen upgrade that was voted on by the Board, has started and we are working on that. I moved recently and had an

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extra microwave, so I donated one of mine.  Another employee, Chuck Yeager, donated another one, so we have a total of three microwaves.  We also purchased a commercial grade convection oven. It does everything from baking to toasting for $449.99. A 12-cup coffee  and  tea  maker was  also  purchased, which will suffice for  smaller  events.   We already had a 100-cup server. The cost of the smaller coffee service and tea dispenser was
$89.96. I'm going to purchase a couple of slow cookers for when we have potlucks and  so forth. They are around $49 a piece. I'm still about $1,500 under budget, so if anyone has anything that I missed, please let me know, as there is still money for that. Louise Creston is our new Activities Assistant.  She has been doing a good job.   In response to the 20/ 20 project, one of the significant recommendations, was that we start adding entertainment at this location.  There are a lot of steps to take, before you get to thatpoint. She has been calling, and asking what it takes to get entertainers here, not just pricewise, but what your requirements are and what you need. Having a water supply in the bathrooms, to fulfill our basic needs, was one of the items that keep coming up.  For that reason, I'm asking the Board to consider us moving, at no cost, the current stage and the dance floor, to this end of the building, in preparation for future stage building and so forth. James has put together a plan for a stage area that is 15 x 25 and section for storage and a dressing room for under $5,000. I'm not asking for a vote on that right now, as we are just trying to plan ahead. You have to look at what we have here, versus turning around and walking away. The reason for moving the stage and dance floor to the end of the building, is because we would have access to water for bathrooms.  Withthe stage down there, we have to build a bathroom and they are expensive. We are taking baby steps, which is why I  am  asking for  the  Board to  allow us  to  do that.   Staff  is going to
pitch in and. get it all done one afternoon, as soon as the Board says that it' s okay. Mr. Robertson:  Do we want to move the stage from one end to the other?
Mr. Williams:  I don't think we ever had discussions on the mission statement for this building, on what we expect this building to be. Is it a Health and Fitness Center or a place that we want to have stage shows? We have stage shows at the other clubhouse. Are we going to be in conflict with the other clubhouse?

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Ms. Bosman: No.
Mr. Williams:  We never had any discussions.  Before we move anything, I think we need to have a long conversation and think about it before we do anything. My feeling would be to not to proceed at this point.
Mr. Murphey:  I need to say goodbye, because I have to leave right now. The record will reflect that Mr. Murphey left the meeting.
Mr. Zelazny:  This was rejected, one or two years ago.  It was brought up, discussed and rejected. We had the same conversation again. What is the function ofthis building? This building is a health and fitness center.  Since we had that discussion, the stage was expanded, and now you cannot walk on the path with a walker, without having to go around.  That was contradictory to what the Board discussed and voted on before.  To do it now, would be wrong. I had no problem with you making the plans, but for someone to say, "We are going to put a 15 x 25 foot stage and then a dressing room", without having plans and documentation and without any idea of the impact, is wrong, but again, the Board rejected it years ago.  That doesn't mean you have to continually reject it, but let's notjump forward, doing something just because you can do it for under $5,000. Janis made a good point. There are a lot of things that need to be done before we start spending
$5,000, just because it's cheap.
Mr. Mecsics:  Bob, I agree with you.  I think we need to plan.  I also agree with Stan that we need to have some more discussion about the use of this building. This community is evolving and those new houses going up, also see this as the center of their community, so this building's mission will evolve. That's just my personal opinion, but I believe that we should have a long discussion on the further utilization of this, but we have to start looking into the future.

Ms. Bosman:  I would like to address Mr. Zelazny's concern about the stage.  That stage was too small for my exercise instructors. It was built so that they could move laterally, as well as vertically, to lead their class instruction. We don't want instructors falling off the stage, which nearly happened a couple of times.  Just two more things.  An AED was purchased. Their lifespan is normally five to seven years, and this one lasted

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10 years. The cost of that was $1,275 . In conclusion, along those lines, I would like to request that the Board approve staff, all five of us, to attend AED and CPR classes and get certified again. Our certifications have expired. I checked for availability, and Winter Haven has classes available between $73 and $113 per person. The class is approximately 3 hours long. Thank you.
Mr. d'Adesky:  I would like to look into that, because there's extreme liability and concerns regarding staff engaging in emergency medical procedures. That's something we should probably look into, before we advise staff to go  ahead and get that training and to use it in any particular circumstance.
Mr.  Robertson:   I'm not trying to get into  a debate, but we have an AED in the building and we are maintaining that for people to use as they see fit. You can give me further direction, as to whether you want us to do further training of staff.
Mr. d'Adesky:  Yes.
Mr.  Robertson:   Thank you for your report, Mary.   I think that your direction to me, from a legal point of view, is well within normal operations. If you say to go ahead, I'm assuming thatwe should go ahead and do the training, and if you say no, we won't.

SEVENTH ORDER OF BUSINESS	Financial Reports
Approval of Check Run Summary
Ms. Burns:  We have the Check Run for August and September.  For the General Fund, we have Checks 2167 through 2236 for a total of $214,505 .03. For the Capital Reserve Fund, we have checks totaling $50,065.82.

Mr.  Mecsics  moved  to  approve  the  August  and  September Check Run Summary and Mr. Williams seconded the motion

Mr. Williams:  Is three of us sufficient to have it approved? Mr. Robertson:  Yes, it's legal.  We have a quorum.

On VOICE VOTE with all in favor the August and September Check Run Summary was approved.

20

October 5, 2018	Lake Ashton II CDD

Combined Balance Sheet
Ms. Burns: There is no action on this item and we would be happy to answer questions if there any.
Mr. Robertson:  With no comments on the Balance Sheet, we will move on.

EIGHTH ORDER OF BUSINESS	Public Comments
Mr. Robertson:  Are there any public comments? ·
A resident: Mr. Mecsics's progress report was absolutely a campaign speech. This so happens to line up with his four years tenure on this Board. li you need further evidence that it was a campaign speech, he actually used that progress report to refute things that were brought up in the candidates' forum.   So that was a campaign speech. Furthermore, Mr. Mecsics had been using the community dances here, which have never been hosted before, to campaign.  He has become the host of these dances.  I didn't attend the last one, but I had some friends call me saying, "Oh, you should've been there. Jim was campaigning up a storm", so yes he is getting support either willingly or on his own, from the Board for his candidacy. I am filing a formal complaint about that.

NINTH ORDER OF BUSINESS	Adjournment
Mr. Robertson: If there are no further comments from the public, I will entertain a motion for adjournment.
On MOTION by Mr. Williams seconded by Mr. Mecsics with all in favor the meeting was adjourned.

Secretary / Assistant Secretary	Chairman / Vice Chairman

21

Enhancement Proposal
Job Name:	Lake Ashton 2 Medjool Program
Property Name:	Lake Ashton 2
Client:	Lake Ashton 2 c/o Doug Robertson
Address:	6052 Pebble Beach Blvd.
City/State/Zip:	Winter Haven Florida 33884
Phone:	#N/A
Yellowstone Landscape will complete the work described below:
Description

Proposal #
Date:	October 17, 201 8

Inject Medjool Palms on Lake Ashton 2 Blvd. with preventative tree care program. (See attached program )

Inject Medjoo/s with preventative program.	16	$	140.00

TOTAL PRICE

Signature below authorizes Yellowstone Landscape to perform work as described above and verifies that the prices and specifications are hereby accepted.
Payment terms: Net 30 days. All overdue balances will be a charged a 1.5% a month, 18% annual percentage rate.
Limited Warranty: All plant material is under a limited warranty for one year. Transplanted plant material and/or plant material that dies due to conditions out of Yellowstone Landscape's control (i.e. Acts of God, vandalism, inadequate irrigation due to water restrictions, etc.) shall not be included in the warranty.

Clle.nt:

Prepared by:

Chris '.Bower

ACCEPTANCE OF TERMS

$   2,240.00

$	2,240.00

Date:		Date:	October 17, 201 8	
	Internal Use Only		
Project Number:	District:	Davenport	
PO Reference:	Date Work Completed:		

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' recommendat{ons. 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 js included herein. 

All service covered by this Agreement will be performed du ring 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. 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 cans, are billed with a one hour minimum cha rge. 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.

5034 N. Hiatus Road, Sunrise, FL 3335 1 P (954) 747-5128 F (954) 747-5131 

www.commfitnessproducts.com

l j P a g e 

Initial  	

 	

Co 1nn1ercialfitnessPro ducts

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.

Repa irs 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, vandal ism, or any act which harms the p rodu ct 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 cou rt 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 harlTI caused by continued use of equipment and/or parts thatare deemed unsafe by CFP.

5034 N. Hiatus Road, Sunrise, FL 3335 1
P (954) 747-5128 F (954) 747-5131 

'll.':t:IYY.ir.ommflto.§�g.du�ts.i:;;.QID

21 j"'   d II <	Initial  	

Agreement Total: $1060.00/Year ($265.00/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
Terms: Prepayment Prior To 1st PM Visit

Fax:

Effective Date: _ 	_	Ending Date:  	

CFP Approval Signature:	Casey Barnes	Date: 10/31/2018

Explanation ofServices:
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 manufactu rers' specifications a nd quoted for repairs if needed.

Equipment Covered:
QTY	B RAND	DESCRIPTION	MODEL #	SERIAL #
4	Star Trac	ITreadmill
2	Star Trac	Elliptical
2	Star Trac	Bike
1	Fluid	Upper Body Ergo
1	Fluid	Rower
11	Star Trac	Single Stations
2	Misc	Free Weight	 	

5034 N. Hiatus Road, Sunrise, FL 33351 P (954) 747-5128 F (954) 747-5131

www.commfitnessproducts.com

3 I P u g e 

Initial  	

·

Co n11nercialFitnessProduc ts

Sclhedl!.ded Maintenance (Frequency: 4/Year)

MAY JUNE JULY AUGUST
SEPTEMBER OCTOBER

NOVEMBER DECEMBER JANUARY FEBRUARY MARCH APRIL

5034 N. Hiatus Road, Sunrise, FL 33351 P (954) 747-5128 F (954) 747-5131
���d L!�

4 1 1 '  _.   I\ ,' 

Initial  	

LA II COD Disposal list of Property

Quantity	Description	Serial #	Model #	Make	
1	P rojector	M57F012599l	H310A	Epson	
1	Monitor	ETL800C0377280 E0F5 B4024	Al1916WA	Acer	
1	Monitor	ETL800CO77280E30C4024	Al1916WA	Acer	
1	Monitor	ETL800C0377280E32 B4024	Al1916WA	Acer	
1	Monitor	ETL800CO377280 EOF44024	Al1916WA	Acer	
1	CD Player	8898165	CDP-CE275	Sony	
1	Computer Tower	MXM740063 M	P/N RT99OUT #ABA	HP 	
1	Computer Tower	MXM740062K	P/N RT99OUT #ABA	HP 	
1	Computer Tower	MXM 74002 LV	P/N RT991 UT #ABA	HP 	
1	Computer Tower	MXM740062 P	P/N RT99OUT #ABA	HP 	

BU DG ET/M ISC. ITEMS FOR DISCUSSION 

Going forwa rd for FY 2019, we would li ke the Monthly Transaction listings for all 
accounts under Field Expenses, Ca pita l Projects, and also fo r Attorney and Ma nagement Fees under Ad ministrative .  ( retroactive to Oct.  1 and thereafte r at the end of each  month.) Send  as GL with deta il to Ca rla Wright and Wendy Bachleda . Format: sort by G L, Excel if possible. 
Send check run with attached invoices afte r every check run to Wendy Bach leda and Ca rla Wright. Format: Register and Excel. 
.	Attorney, GMS and Engineering should send itemized invoices to the H FC so we ca n decide which accou nt to assign work to.
Contracted monthly payments and util ities to be paid on sched ule without H FC approval. Copies of sa id invoices/statements to be sent to HFC.
.	Any invoice that includes work beyond contract amount to be sent to H FC for approva l and accou nt designation. 
I would li ke an estimated cost of a regu la r 2 hour CDD meeting. Please include a brea kdown of ALL costs associated with a meeting.
Al l contracts and invoices should show CDDII as owner and H FC as POC.
Do we have an accou nt opened under BUILDING CONTRACT SERVICES for Commercia l Fitness? If so, I need the account number. Please send Accou nt Number of any new accou nt opened to Ca rla as well as Mary Bosma n. 
.	Combine all mu ltiple contracts - Applied Aquatics, Yellowstone etc.
Boa rd minutes to be on-line as Draft Minutes within two weeks of meeting.

In an effort to simplify invoice handling and eliminate hard copies where ever possible, Wendy a nd I have been looking at online accou nts paya ble systems. Input from GMS would be helpful. 
If fu rther details of what we requi re a re needed, we ca n provide them. 

H FC Community Center Flooring

Presented for LA Residents and LA II COD Board of Supervisors
by Mary Bosman/ LA II Comm unity Director
December 04/ 2018

Present Flooring...
3 different surfaces of floor currently exist in the H FC Community Center

Carpeting
Vinyl roll li noleum
Portable dance floor surface

Flooring Concerns...
Al l flooring has exceeded the Reserve Study timeframe for replacement
Chips, cracks in portable dance floor increasing l iabil ity risks

Maintenance costs $3, 250 annually for carpet cleaning quarterly and stripping/waxing once per year

Flooring Concerns, Cont'd ...

The current floor has very limited space for dancing because of size and carpeted areas

Some rehab plans don't al low for a complete circle around the room	in itia l ly and need	more options for walk patterns

	Residents have indicated they wou ld li ke more options fo r party/event layouts that are prohibited with current flooring

------    - ---- ------ --------  -- -------   ------------ -- --- -        -   ---   --    ---  -----	�	 		 	

Project History...
Residents have expressed they'd li ke new flooring because the existing floor looks dirty, chipped and cracked.

Residents have expressed dance floor is not la rge enough

In response to concerns, many vendors were contacted, and several sample products were critiqued	by residents, staff and BOS members

-	-  ------------ ------------ ------- - ·- ·-----------   -	�

Specific requirements included commercial level safety, comfort, easy maintenance, warranty and cost.

Also required, were removal and disposal of existing flooring.

- --       ----- ----------- --- --- -----· -   - --------- -- --

Recommended	Product for Replacement of Current H FC Community Center Flooring

Luxury vinyl - Syncorex by Eagle Creek
Waterproof for spills, etc.
65 dB STC rating (quiet when walked on) 
II C Rating 69 dB {this is the highest l evel of sound absorbency for flooring products)
15-year commercial warranty
Sample available for inspection 

Two Ve ndors Met All/Most Requirements and Product is Identica l on Both Quotes
Blackburn's I nteriors, I nc. - loca l vendor	$25,000 including insta l lation of quarter-round trim 

Jim's Floor Depot, I nc. - local vendor $28, 700. 50 Not including installation of quarter-round trim 

Reasons for Replacement: 
It is equal to or exceeds resiliency of current track material
Will sign ificantly reduce cleaning/stripping/waxing
expenses from $3,250 to $0 annually

The Reserve Study indicates the l ifespa n of the	-1
flooring has been exceeded by 2-3 years
The recommended	product is equally resilient to existing track for dancing/walking

Reasons fo r replacement cont'd. 

It will provide multiple opportunities for varied event set up/floor plans 
Entire floor wil l be available for exercise and walking instead of

the existing portable dance floor and the track area
The existing dance floor has chips and cracks presenting an increasing potential for lia bil ity issues
The sol id surface will be more hygienic for floor exercise classes
and in general 
	Having all one flooring material will be more aesthetically in line with Lake Ashton standards of expectation 

·· · ·  · ·· · ········ ······ ·· · ··-· ····-· ·-·····-·-····· ·-· ·.. ··· ·  · ·--        ·	· --··  ··  ···· -··-·-·--····-·-·· ···-·-·----··-·	-

Flooring has been discussed at other LA II	BOS meetings, so the appropriate 2 meeting discussion criteria will be met afte r today's discussion

I	respectfully ask that the LA II	Board of Supervisors
discuss and consider a vote on the replacement of the H FC Community Center flooring

-Thank you

Blackburn's futeriors, fuc.
1507 Havendale Blvd. NW Winter Haven, FL 33881 P: (863) 294-7355
F: (863) 294-3427

Quote
Date	Quote #

11/15/2018	1302

Name / Address
Lake Ashton Clubhouse 4141 Ashton Club Drive Lake Wales, FL 33859

Rep

Description
Work in West Clubhouse Heath & Fitness Center, 6052 Pebble Beach Road, Winter Haven, FL 33884

Selected Luxury Plank (Eagle Creek, color Heatherstone) Installed, Including Removal & Disposal of Existing Flooring Down to Bare Concrete, Basic Floor Prep, Materials, Primed-White Quarter-Round Installed, and Professional Labor

Includes Lifetime Labor Warranty

TotaI

Quote is good for 30 days. Buyer understands that there may be a dye-lot variation from sample. Unforeseen sub-floor problems upon installation may change amount due. We can never guarantee seams will be invisible. All carpets show footprints, vacuum marks, fuzz, crush, & mat. Expect there to be a •rgr:out haze" for 3-4 cleanings after tile is installed. Seller isnttresponsible for chips, dents, or condition ofexisting moldings, doors, jambs, or fixtures. Seller is not responsible for customer's measurements. Seller is not responsible for manufacturer or shipping delays. Please clear room(s) ofas much furniture as possible, as we reserve the right to reschedule ifrooms aren't cleared of small items (electronics, pictures, shoes, books, etc.). Deposits are non refundable.
There is a 35% restocking fee on special orders. In the event buyer defalts under the terms ofthis
agreement, Buyer agrees to pay reasonable, attorney fees, if the sums due ate collected by or
through an attorney.	Signature

WB

Qty	Total

25,000.00

$25,000.00

Jim's Floor Depot Inc.
29710 US HWY 27 Dundee, Fl 33838 Business # (863) 439-7500 Cell (863}-206-1 064 Fax # {863) 439-7500 www.Jlmsfloorc

Invoice

SHIP TO:

I Check

I PAYMENTMETHOD
Cash

Lake Ashton
6052 Pebble Beach Blvd. Winter Haven

I Amt. enclosed
IAmt.  enclosed

Bill To:

I Purchase order

Ma	- 863-595-1 562	I 	
   Date qouted

Please suoolv the fo 1owina items
ITEM NO.	DESCRIPTION	I
Stl£1e: Home Legend Sl£ncore X Color: TBD
LVP	Product/Installation of luxury vinyl plank in Health and Fitness Center Transitions	Product/Installation of transition pieces
Vinyl TIU	Removal of vinyl and haul away

Carpet TIU	Remove existing carpet and haul away

*Price Increase due to the 25% Tarrif coming down from President Trump Adminstration and China Trade agreement.
*Jim's Floor D�mot will haul awall all debriJii,

UNIT	QTY

5250 s/f

1
1	4
1	1 776 s/1

1	3480 s/1

*Client is to install their own auarter round and baseboards after the iob is comgleted.

Ordered by

SPECIAL INSTRUCTIONS

Approved by	Tax rate�'--�

18,000 Downpayment and Balance Due .upon completion.
Contract Terms: Jims Floor Depot is to perform all work in a workmanlike manner according to generally acce in the industry. Builder is entitled to any Manufactures warranties on materials. Jims Floor Depot is not respon caused by strikes, weather, unavailibility, or other factors not within our control, modifications of the above cor in writing ***In Event of Breach, Customer is responsible for Costs of enforcement including reasonable 33% J No returns on any special order or instock products after one day of signing this agreement.

lepot.com

Lake Ashton

UNITCOST	TOTAl AMOUNT	
5.49	
28,822.50	
30	120.00	
0.50	888.00	
0.25	$870,00	

number

SUBTOTAi
Discount

TOTAL DUE
Deposit Balance due
pted standards sible for delays 1tract must be
:i..ttorney fees.***

30,700,50
�2 000.00

28,700,50

1 707 Townhurst Drive Houston, TX 77043
Phone: 1 -800-858-POOL (7665)
Fax: 1 -800-909-3962

Lake Ashton 2 COD Health 6052 Pebble Beach Blvd. Winter Haven, FL 33884

1 1 /1 5/201 8
Re: Lake Ashton 2 COD Health Annual Account Evaluation / Price Adjustment

Dear Customer,

As the year d raws to a close, Poolsure would like to express our appreciation for your continued business. Over the past few years, Poolsure has seen outstanding g rowth thanks to exceptional customer relationships such as yours. In 201 9, we aim to continue to provide a superior service experience to our customers by investing in the best tools and technology available to the industry.
Chlorine and acid prices remain at historically high levels due to raw material costs and the imposition of recent tariffs. Despite this, Poolsure remains focused on minimizing the impact of these cost increases to our customers through further investment in our logistics technology, operational efficiencies, and relationships with our manufacturers.
Any adjustments to your fixed-rate monthly Water Management billing for the 201 9 fiscal year are based on a careful individual analysis. Your new rate, which will be effective starting December 1 st, 201 8, can be found below:
20 19 Base Rate:	$ 550.80

A prepayment discount of 5% is available if the entire amount for 201 9 is paid for by check or ACH by December 31 st, 201 8.  Please contact us at ar@poolsure. com or 1 -800-858-POOL(7665) if you have any questions. Thank you for your business, and we look forward to a mutually prosperous 201 9! 

Sincerely,

Alan Falik President

Vince Flaviani
Vice P resident of Sales

Houston • Dallas - Ft.Worth • San Antonio • Austin • Corpus Christi • Baton Rouge • New OrleO ans
Lafayette • Biloxi • Gulfport • Tampa • Jacksonville • O rlando * Melbourne • Daytona • St. Augustine Gainesville

LAKE ASHTON II 
COMMUNITY DEVELOPMENT DISTRICT
Check Run Summary GF 
10/1/2018 - 11/30/2018

Date	Check Numbers	Amount	
10/4/2018	2237-2246	$13,014. 14	
10/15/2018	2247-2256	$21,083 .29	
10/26/2018	2257-2269	$21,507 .63	
10/31/2018	2270-2274	$20,309.52	
11/9/2018	2275-2285	$26,313.41	
1 1/26/2018	2286-2301	$44,161.03	
Total		$146,389. 02	
	Check Run Summary CR		
Date	Check Numbers	Amount	
10/4/2018	26	$8,437.00	
10/15/2018	27	$358 .45	
10/17/2018	28 	$4,042 .20	
10/19/2018	29	$19,496.31 	
1 1/9/2018	30-3 1	$3,283 .45	
Total		$35,61 7.41	

AP* 300 R	YEAR-TO- DATE  ACCOUNTS   PAYABLE   PREPAID/COMPUTER   CHECK  REGISTER

RUN  11/ 27 /18	PAGE	1

* * CHECK DATES  10 / 01/2 018  -  11/3 0/2 018 ***	LAKE ASHTON II - GENERAL FUND
BANK  A   LAKE   ASHTON  II  -  GF

SUB	SUBCLASS

CHECK   VEND#	. . . . . INVOICE . . . . . . . . EXPENSED TO . . . DATE		DATE	INVOICE	YRMO	DPT ACCT#
10/04/18 00058	10/01 /18  5	20 18 10 310-51300- 34000 
MGMT FEES OCT 20 18 
10/ 01/18  5	201810 31 0- 51300- 35100 
COMPUTER SVC OCT 2018 
10/ 01/18  5	201810 310-51 300 -31300 
DISSEMINATI ON SV OCT 20 18 
10/ 01/18  5	20 1810 310-51300 -510 00 
OFFICE SUPPLIES OCT 2018 
10/ 01/18  5	201 810 310 -513 00 -42000 
POS TAGE OCT 2018 
10/ 01/18  5	20 18 10 310-51 300- 42 500 

VENDOR NAME

S TATUS
*
*
*
*
*
*

AMOUNT	. . . . CHECK . . . . .  

AMOUNT	#
3 , 7 50 . 0 0
83 . 3 3
5 00 . 0 0
8 . 8 6

37.39 
60 . 0 0

10/04/18 	00 161 	9/28/18 	
10/0 4/18 	00086 	8/2 7/18 	
	8/27/18 	
	8/27/18 	
	9/06/ 18 	
	9/12/18 	
	9/14/18 	
	9/20/18 	

COPIES/ PRINTS OCT 20 18	GMS - CENTRAL FLORIDA , LLC 1 79181	20 18 09 320-57200- 34510 

*	- -

-   -   -   -  -   -   -   -   - 4 -,4 3- 9 -. 5 8-
13 0 . 0 0

00 2237 

SEPT 20 18 - GATE SERVI CES

THE HARTLINE ALARM CO INC

*	- - -

-  -   -   -   -   -   -   -   - 1 3- 0 -. 0 -0   002238 

10/04/18 0013 6

10/0 4/18 00173 

9 052524	20 1808 300 -1310 0-10000 

BATHROOM INSTALLATI ON SUP
905 2524	201808 600- 53 800-680 05 
BATHROOM INSTALLATION SUP
9 052524	201 808 600-2070 0-10000 
BATHROOM INSTALLATION SUP 9053658	20 1809 320-57200- 46030 MAINTENANCE SUPPLIES 
30 543 78	20 1809 320 -57 200- 46020 
MAINTENANCE SUPPLIES 
1054654	201809 320- 57200- 46020 
SUPPLIES 
5 05540 5	201809 320- 57200-46200 

LANDS CAPING SUPPLIES	HOME DEPOT CREDIT SERVI CES 9/13/18 46015	20 1808 32 0-5720 0-4603 0
CHIMNEY  CAP REPAIR- 8/8/18	JURIN ROOFING SERVICES , INC .
9/ 04/18 L06 0G0 IL 20 1809 31 0- 51300- 48000 NOTICE OF MEETINGS
9/14/18 L06 0G0 IL 201809 31 0 -513 00-48000 

*
*
*
*
*
*
*	-  -  -
*	-   -  -
*

1 79 .40 
179 .40 
179 .4 0- 
31 . 95 
79 .4 9
64 .2 9
24 . 44
-   -   -   -   -   -   -   -   - 3 7- 9 -. 5 7- 510 . 0 2
-   -   -   -   -   -   -  -   - 5 1- 0 -. 0 2-
59 . 0 0
47 . 0 0

00223 9

00 2240 

10/04/18 00170 

NOTICE OF WORKSHOP	LAKELAND LEDGER PUBLISHING 9/28/18 9282018	20 18 09 320 -57200- 46050 
MILEAGE REIMBURSE SEPT1 8	JAMES MARGESON
LKA2  LAKE ASHTON 2	SROSINA

*	- -

- - - - - - - -
25 . 6 2

106 . 0 0  00 2241 

25 . 6 2  00 22 42 

I

*	*** 

AP3 00 R	YEAR-TO- DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER
**  CHECK DATES  10/01 /2018  - 11/3 0/2018	LAKE ASHTON II - GENERAL FUND
BANK A LAKE ASHTON II - GF

RUN  11/27 /18	PAGE	2

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

SUBCLASS

VENDOR NAME

STATUS

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

10/04/18  00 107	6/14/18 06142018 20 1806 320-57200- 46400 
POOL SUPPLIES JUNE 201 8

-

7 /11/18 07 112 018 201807 320 -57200- 46400 

*	17 . 5 3
*	23 . 3 8

- - - - - - - - - -

- - -

P- OO- L - SUPP- L I- E S-

J-UL- Y- 20 1 8-   -   - PO- OL-

&   PATIO   C-EN- TE- R-   -   -   -

- - - -

-  -	- -

-   -   -   -   -   -   -   -   -   -  4- 0 -. 9 1-  00 2243 

-

10/04/18 00101	10/01 / 18 10129558 20 1810 320-5 720 0-46400 

*	540 . 0 0

-    -   -   -   -   -   -   -   -  -   -   -   -  W- IN- TE- R- B I- LL- IN- G- 1 0- / 1- 8 --3 /- 1 -9   - PO- OL- SU-RE-   -   -   -   -  -  -   -   -   -   -   -   -   -   -   -	-   -   -   -   -   -   -   -   -   -   -   - 5 4- 0 -. 0 -0   00 2244 

-

-

10/04/18  00152	9/27/18  E4195 590  20 1809 320-57200- 34500	*	4, 671 . 8 8

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

SE C-UR- I T- Y- SV- C - THRU-

9- / 2- 7 /- 1 8-

SECURI- TA- S - S E- CU- RI- TY-

S- ER-VI- CE- S -US-A-, IN- C -   -	-   -

-   -   -   -   -   -   -   -   - 4 -, 6 7- 1 -. 8 -8   00 2245 

10/0 4/18   00 094	9/23/18    09232018   201809   3 2- 0- 57200-51000 

*	49 . 0 0

PREMIUM MONTHLY	S KEDDA	*

9/23/18 092 32018 201809 320- 57200- 46020 
SUPPLIES- SAMS CLUB
9/23/18 0923 201 8 20 1809 320-57 20 0-51000 
10- SANDISK 64GB USB
9/23/18 09232018 20 1809 320 -57200- 46020 
AIR FILTERS /TOLIET KIT
9/23/18 0923 2018 20 1809 320 -57200- 51000 
GOOGLE SUI TE

09232018 201809 

9/23 /18 0923 2018 20 1809 320 -57200 -51 000 

31 9 . 9 2
*	325 . 5 0
*	10 4 . 9 2
*	30 . 0 0
*	84 . 2 6

9/23/18 

OFFICE SUPPLIES 320- 57200 -4603 0 BUILDING PRES SURE WASHING

*	91 . 67 
*

9/23/18 09232018 201809 320-5 72 00 -49400 
S TROBE LI GHTS -AMAZON
9/23/18  09232018 201809 320- 5720 0-51000 
PRIME MEMBERSHIP- AMAZON 9/23/18  09232018 201809 320-57200- 46020 

36 . 9 9
*	13 . 2 2
*	26 8 . 8 2

9/23/18 

CUPS AND LIDS 0923 2018 20 1809 

320-57200- 46020 

*	281 . 6 3

ICE MACHINE FILTER 
9/23/18 09232018 20 1809 320- 57200-46020 
SUPPLIES 
9/23/18 09232018 20 1809 320-57200- 49400 
NEW RESID SOCIAL SUPPLIES 

*	436 . 0 9
*	66 . 2 5
*

9/23 /18 09232018 201809 320-57200- 46 200 

62 .29	I

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

F- ER- T -IL I- Z E- R- &- SN-AN- KE-

S- PR- AY-

WELLS - FA- RG- O -   -   -   -   -   -   -   -   -   -   -   -

-  -	- -

-   -   -   -   -   -   -   -    - 2 -, 1 7- 0 -. 5 -6   00 2246 

10/15/18  00092	9/3 0/18  172488	201809 320- 57200- 46500 
SEP 18 -AQUATIC PLANT MGMT
LKA2  LAKE ASHTON 2	SROS INA

*	725 . 00 

A* P3* 00 R	YEA* R* *-TO- DATE  ACCOUNTS   PAYABLE   PREPAID/ COMPUTER   CHECK  REGISTER

RUN 11/27 /18 

PAGE	3

*	CHECK DATES 10/ 01/ 2018 - 11/3 0/2018 

LAKE ASHTON II - GENERAL FUND BANK A LAKE ASHTON II - GF

CHECK	VEND#	. . . . . INVOICE . . . . .    . . . EXPENSED  TO . . .		VENDOR NAME DATE			DATE	INVOICE	YRMO	DPT  ACCT#  SUB	SUBCLASS
9/3 0/ 18 1724 89	20 1809 320- 5720 0-465 00 
SEP  18 -AQUATIC PLANT MGMT	APPLIED AQUATIC MANAGEMENT , INC .

10/15/18 00074	10/ 05/18 2 054 09	20 1810 320-57200 -34510 
GOLF  CAR MAINT ITEMS	ARTS GOLF CARTS INC .

10/15/18 	00 185 	10 /11/18 	10112018 201810 
DEPOS IT REDUND	
10/15/18 	00081 	10/01 /18 	10012018 20 1810 
OCT  18  -  H- INS	
10 /15/18 	0000 3	10/09/18 	6 3315772 20 1810 	

300- 22000-10000 

CHRI STINA R. BALDWIN 320- 57 20 0-23 000 
SUPPLEMENT	MARY BOSMAN

310 -51300- 42 000 
OCT  18 -  DELIVERIES/POST	FEDEX

10/15/18 	00 173	9/14/18 	
10 /15/18 	00 15 0	9/3 0/18 	
10/15/18 	00152	10/04/18 	
10 /15/18 	00087	9/28/18 	
10 /15/18 	00 067 	10/01/18 	
10/26/18 	000 51 	10/0 9/18 	
10/26/18 	00076 	10/05 /18 	

L06 0G0IM 201809 31 0- 51300- 48000 

NOTICE OF REVI SED MEETING	LAKELAND LEDGER PUBLISHING 1 7-101-2 201809 310-51300 -31 10 0

S TATUS
*
*	-  -
-  -
*
*	-  -
*	-  -
-  -
*
-  -
*

AMOUNT

150 . 0 0
- - - - - - - -
493 .2 7
-  -   -  -  -  -   -   -
500 . 0 0
-  -  -  -  -  -  -  -
250 . 0 0
-  -   -  -  -  -   -   -
97 . 7 9
-  -  -  -  -  -  -  -
59 . 0 0
- - - - - - - -
93 0 . 0 8

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

-   - 8 7- 5 -. 0 -0   00 2247 

00 2248 

-   - 4 9- 3 -. 2 7-	

-  - 5 0- 0 -.  0 -0            00 2249 

-   - 2 5- 0 -. 0 -0   00 2250 

97 . 7 9 00 2251 

59 . 0 0 00 2252 

SEPT  18  - ENGINEERING SVC	RAYL ENGINEERING & SURVEYING , LLC E42 006 67 20 1810 320 -572 0 0-34 500 
SECURI TY  SVC THRU 10/4/18	SECURITAS SECURITY SERVI CES USA, INC
0 7873 994 20 1810 320-57200- 23000 
OCT  18  - HEALTH INSURANCE	KAREN VANKIRK
INV- 0000 201810 320 -57200- 46 200 
OCT 18 -  LANDS CAP ING MAIN	YELLOWSTONE LANDS CAPE

*	-  -
*	-  -
*

- - - - - - - - -

- 4 -, 6 7- 1 -. 8 8-	00 2254 	
2 04 .4 4	00 2255 	
13 , 0 01 . 83 	00 2256 	
1, 470 . 4 9	002257 	
806 . 2 0 	00 2258 	

4 , 6 71 . 8 8
- - - - - - - -
204 . 4 4

13 , 0 01 . 8 3

- 9 3- 0 -. 0 8-

00 2253 

308 34519 201810 320-57200- 43100 
OCT  18 -  PROPANE	AMERIGAS
050 183 00 20 1810 320- 572 00- 41000 
SERVICES  THRU 11 /10/18	BRIGHT HOUSE NETWORKS
LKA2  LAKE ASHTON 2	SROSINA

*	1 , 4 70 .49 

*	806 .20 

·· ········ ·· ····· ········  ·····················-················ ·· ·· ··· ·· ··· ···· ----------------················· ············· ······ ·· ·····························-········ ···· · ····· ·· ············----	 	

A* P3 00 R	YEA* R* *-TO- DATE  ACCOUNTS   PAYABLE   PREPAID/ COMPUTER   CHECK  REGISTER

RUN  11/27/18	PAGE	4

** CHECK DATES 10/01 /2018 - 11/3 0/2018 

LAKE ASHTON II - GENERAL FUND BANK A LAKE ASHTON II - GF

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

10 /26/18 	00 140 	10/24/18 	
10/26/18 	00064	10/19/18 	
10/2 6/18 	00043 	10/ 01 /18 	
10/26/18 	0000 3	10 /16 /18 	
10/26/18 	00070 	10/09 /18 	
		10/10/18 	
10 /26/18 	00 040 	10/17/18 	
10/26/18 	00 12 6	10/08/18 	
10 /26/18 	00 101	10/01 /18 	
10/26/18 	0008 0	10/14/18 	
10/26/18 	00 152	10/11/18 
10/18/18 	

10/26/18 	
00 119	10/10/18 	

10242 018 201 810 320-57200- 34100 
OCT  18  -   IT SERVI CES	RYAN A BUSWELL

1 0192018 20 1810 320 -57200- 432 00 

STATUS
*
- -
*

AMOUNT	. . . . CHECK . . . . .  

AMOUNT	#
350 . 0 0

-   -  -   -  -  -  -   -   -   - 3 5- 0 -. 0 -0   00 2259 2 , 427 .2 6

OCT 18  -  WATER SERVI CES	CITY OF WINTER HAVEN
72450	201810 31 0-513 00 -54000 

*	- -

-   -   -   -   -   -   -   -   - 2 -, 4 2- 7 -.2 6-
175 . 0 0

002260 

ANNUAL FEES	DEPARTMENT OF ECONOMIC OPPORTUNITY

*	- -

-   -   -   -   -   -   -   -   -   - 1 7- 5 -. 0 -0   00 2261 

633 85322 20 1810 310-51300- 4 2000 

48 . 1 0	-1

OCT  18 -  DELIVERIES	FEDEX 8308 33 0	20 1810 320-57200- 34800 
OCT 18 - PEST CONTROL
8 30 9353	20 1810 320- 5720 0-34800 

*	- -
*

-  -  -  -  -  -  -  -
12 8 . 0 0
79 . 0 0

48 . 1 0 00 2262 

OCT  18  - PEST CONTROL	FLORIDA PEST CONTROL 82967	20 1809 31 0 -513 00-31500 

- - -
*

-   -   -   -   -   -   -   -   - 2 -0 7 -. 0 -0   00 2263 
2 , 36 1 . 1 7

SEPT  18  - ATTORNEY FEES	LATHAM , SHUKER , EDEN & BEAUDINE LLP CDDII -23 201809 320 -572 00- 46010 

*	- -

-   -   -   -   -   -   -   -   - 2 -, 3 -61 -. 1 7- 3 , 2 8 0 . 0 0

00 2264

SEPT  18 -  CLEANING	MAGIC GENIE CLEANING SERVI CES , INC .
10129558 201810 320- 572 00 -464 00 
OCT 18  - POOL MAINTENANCE	POOLSURE
831202	20 1811 320- 57200- 34900 

-  -
*
*	-  -

-   -   -  -  -   -   -   -  - 3 -, 2 -80 -. 0 -0   00 2265 
54 0 . 0 0
-   -   -   -   -   -   -   -   -   - 5 4- 0 -. 0 -0   00 2266 
184 . 9 7

NOV  18  -   PICK UP SERVICE	REPUBLIC SERVICES #654 E42 08 217 20 1810 320-57200- 34500 
GUARD SVCS THRU 10/11/1 8
E42 14036 20 1810 320 -57200- 34500 

*	- -
*

-   -   -   -   -   -   -   -   -   - 1 -84 -. 9 7- 4 , 8 46 . 8 8
4 , 671 . 8 8

002267 

GUARD  SVC THRU 10/18/18	SECURITAS SECURI TY SERVI CES USA, INC 6 8888 299 20 1811 320- 57200- 51000 
KYOCERA COPIER SERVICES	WELLS FARGO VENDOR FIN SERV
LKA2  LAKE ASHTON 2	SROS INA

*	- -

-   -   -   -   -  -  -  -  - 9 -, 5 1- 8 -. 7 -6   00 2268 
13 8 . 6 8
138 . 6 8 002269 

---- •••••••-•--••••••m• ••--•••••••••••• ••	···   ··· ··· -·· ·----·-···-···-· ·--- -·--·······-··· ··- ----	 	

** 

AP3 00 R	YEAR-TO- DATE ACCOUNTS PAYABLE PREPAID/ COMPUTER CHECK REGISTER
***  CHECK DATES  10/01 /2018 -  11/3 0/2018 *	LAKE ASHTON II - GENERAL FUND
BANK A LAKE ASHTON II - GF

RUN 11/27 /18 

PAGE	5

CHECK   VEND#	. . . . . INVOICE . . . . .   . . . EXPENSED TO . . .		VENDOR NAME DATE		DATE	INVOICE	YRMO	DPT ACCT#  SUB	SUBCLASS
10/3 1/1 8 00 051	10/24/18 30 839189 20 1810 320-57200- 43 100 
OCT  18 -  PROPANE	AMERIGAS
10/ 31 /18 00086	9/28 /18 7013929	201809 320-5 72 00-46030 
MAINTENANCE  SUPPLIES 
10/03/18 2051435	20 1810 320 -57200-46020 
MAINTENANCE  SUPPLIES 
10 /04/18 1043 153	20 1810 320 -57200- 46020 
MAINTENANCE  SUPPLIES 
10/0 4/18 12 01902	20 1810 320 -57200- 46020 
MAINTENANCE  SUPPLIES
10/16/18 905 0424	201810 320- 57200- 46020 
MAINTENANCE SUPPLIES	HOME DEPOT CREDIT SERVICES 10/31/18 00152	10/25/18 E42 18699 201810 320- 572 00 -34500 
SECURI TY  SV THRU 10/ 25/18	SECURI TAS SECURI TY SERVI CES USA, INC
10/31/18 00062	10 /15/18 10152 018 20 1810 320-57200- 43 000 

S TATUS
*

*
*
*
*
*

*

*

AMOUNT 851 .28 
157 . 5 7
12 8 . 23 
40 . 6 8
9 . 2 5- 
12 1 . 1 0

4, 671 . 8 8

10 , 747 . 1 0

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

851 . 2 8 002270 

43 8 . 3 3  00 2271 

4, 67 1 . 8 8  00 2272 

*

OCT 18 - ELECTRIC SVCS

TAMPA ELECTRIC COMPANY	*

10 , 747 . 1 0 002273

10/3 1/18 00094	9/25 /18 
9/27 /18 
9/28/18 
9/28/18 
9/28/18 
9/28/18 
10/ 01/18 
10/ 01/18 
10/ 01/18 
10/11/18 
10/11/18 

09252018 20 1809 320-57200- 46020 
S OAPS
09272018 20 1809 320- 57200- 46020 
AED PAD
09282018 20 1809 320 -57200- 46020 
CONVECTION OVEN/ COFFEE PO 09282018 20 1809 320 -572 00- 49400 BREAST CANCER AWARENESS 09282018 201809 320-5 72 00-51000 MONTHLY PREMIUM
09282018 201809 320 -57200- 46020 
CONVECTION OVEN/ COFFEE PO 10012018 20 1810 320-57200- 46020 
CREDIT MEMO -WEBS TAURANT 10012018 20 1810 320-5720 0-4603 0
FENCING
10 012 018 20 1810 320- 57200- 51000 
GOOGLE SUITE
10112018 20 1810 320 -57200- 4603 0
BLEACH
10 112 018 201 810 320-57200- 46020 
SUPPLIES/PING PONG PADDLE

77 . 6 6
1, 14 5 . 0 0

*

*	449 . 9 9
26 . 8 6

*

*	49 . 00 
89 . 8 6

*

*	50 . 12- 

*

64 0 .50 

*

30 . 0 0

*

29 .40 
42 . 7 3

LKA2  LAKE ASHTON 2	SROS INA

CHECK DATES  10/01/2018  -  11/3 0/2 018 ***	LAKE ASHTON II - GENERAL FUND

A* P* 3* 00 R	YEAR-TO- DATE  ACCOUNTS   PAYABLE   PREPAID/ COMPUTER   CHECK  REGISTER BANK A LAKE ASHTON II - GF

RUN 11/27 /18 

PAGE	6

CHECK	VEND#	. . . . . INVOICE . . . . .   . . . EXPENSED  TO . . .		VENDOR NAME DATE			DATE	INVOICE	YRMO	DPT ACCT#  SUB	SUBCLASS
10/1 1/18 1 0112018 20 1810 320-5 72 0 0- 49400 
CANER  WALK  SUPPLIES
10 /12/18 1 0122 018 20 1810 320 -5720 0-4603 0
POOL AND SPA CLEANER
10/12/18 10122 018 20 1810 320-57200- 4603 0
SAND &  SILT  FILTER  BAG 10/14/18 10142018 201810 320- 57200- 51000 
PRIME MEMBERSHIP 
10/16/18 10162018 201810 320- 57200-46020 
PVC COUPLING/ELBOW
10/17/18 10172 018 20 1810 320 -57200- 51000 
OFFICE SUPPLIES / INK
10/ 23/18 10232018 20 1810 320- 57200- 4603 0

BLACK CHAIN	WELLS FARGO 11/09/18 00092	10/ 31/18 173178	20 1810 320-57 200- 46 500 

OCT 18  -  AQUATIC MGMT SVC	APPLIED AQUATIC MANAGEMENT , INC .

STATUS
*
*
*
*
*
*
*

*

*

AMOUNT

215 . 72
30 8 . 1 5
14 . 9 9
12 . 9 9
63 . 9 0
261 .2 5
193 . 0 5

15 0 . 0 0

. . . . CHECK . . . . .  

AMOUNT	#

3 , 6 00 . 9 3  00 2274

150 . 0 0 00 2275 

11/ 09/18 00076 

11 /09/18 00 159 

11/04/1 8 0 50 1183 0 201 811 320 -57200- 41 000 
NOV  18  -  VOICE/ INTERNET	BRIGHT HOUSE NETWORKS
8/03/18 2	201808 31 0-5 13 00-31300 

704 .48 

*	250 . 0 0

704 .4 8 00 2276 

- - - - - - - -

- - - -

AMORT SCHED -SERIES 200 5AK

DISCLOSURE SERVI CES LLC	*

250 . 0 0 002277 

*

11/09/18 00058 

11/ 01 /18 
11/ 01/18 
11/01/18 

6NOV 18 
NOV 18 

20 1811 31 0-51 300- 34000 

-

MGMT FEES
20 1811 310-51 300 -35100 
- COMPUTER TIME
20 1811 310-51 300 -31300 

3 , 7 50 . 0 0

*

83 .3 3
500 . 0 0

11/01/18  6NOV 18 
11/01/18	NOV 18 
11/01/18  6NOV 18 
NOV 18 

DISSEMINATION
20 1811 310-51300-51000 
OFFI CE SUPPLIES
20 1811 310-51300- 42 000 
POSTAGE
201 811 310-51300- 425 00 
COPIES/ PRINTS	GMS - CENTRAL FLORIDA , LLC

*	37 .2 4
*	22 . 0 9
*	211 . 95 
*

4, 6 04 . 61 002278 

11/09/18 00 186	11/ 07/18 102 760	201 811 320 -57200- 4603 0
LOUNGE SANDBLAST	HURRICANE SANDBLASTING
LKA2  LAKE ASHTON 2	SROSINA

580 . 0 0

5 80 . 0 0 00 2279 

······- -····-·······-·-·- ·· ···-··· ------------------..----·-·--····-·-······-·····-·-····-·--·-·--··------·-----·--·-··-·-- -·------·- ·· ·-···  .	----- --·--···---··-·-·-------·-·-·-····- -·-·-·····-·- ·--···-··

A* P* 3* 00 R	YEA* R* *-TO- DATE   ACCOUNTS   PAYABLE   PREPAID/ COMPUTER   CHECK   REGISTER

RUN  11/27/18	PAGE	7

CHECK DATES 10/ 01/2018 - 11/3 0/2018 

LAKE ASHTON II - GENERAL FUND BANK A LAKE ASHTON II - GF

CHECK   VEND#	. . . . . INVOICE . . . . .    .  . . EXPENSED  TO . . .		VENDOR NAME DATE		DATE	INVOICE	YRMO	DPT ACCT#  SUB	SUBCLASS
11/ 09/18  000 17	11/01 /18 11 012018 20 1811 310- 51300 -49100 

STATUS
*

AMOUNT	. . . . CHECK . . . . .  
AMOUNT	#
18 . 2 2

201 8   PROPERTY TAX  BILL	JOE G TEDDER , TAX COLLECTOR
11 /09 /18  00170	10/31 /18  10312018 20 1810 320-57200-46050 
OCT  18   -   REIMBURSEMENT 11/01/18  11012018 20 1811  320-5720 0-23 000 
NOV 18 - INSURANCE
10/3 1/18  10312018 20 1810  320 -57 200- 46050 
OCT  18  -   REIMBURSEMENT 11/01/18  11012 018  20 1811  320-57200- 23000 
NOV   18 -   INSURANCE	JAMES MARGE SON

11/09/18 	00101 	11/ 01/18 	
11/09/18 	00 15 0	10/31/18 	
		10/31/18 	
11/ 09/18 	00 152 	11/ 01/18 	

10129558 20 1811 320- 57200- 46400 

*	- -
*
V V
- -
*

- - - - - - - -
25 . 6 2
428 . 04
25 . 62- 
428 . 04- 
- - - - - - - - -
540 . 0 0

18 . 2 2  0022 80 

. 0 0  00 22 81 

NOV  18  - WATER MANAGEMENT	POOLSURE 1710122	20 1810 31 0- 51300 -3 110 0
OCT 18 - ENGINEERING SVC
1710122	20 1810 31 0-51300- 49200 

*	- -
*

-   -   -   -   -   -   -   -   -   - 5 4- 0 -. 0 -0   00 2282 30 2 . 39 
525 . 0 0

OCT  18   -  ENGINEERING  SVC	RAYL ENGINEERING & SURVEYING , LLC E4 22 4001 20 1810 320 -57200- 34 500 

*	- -

-   -   -   -   -   -   -   -   -   - 8 2- 7 -. 3 9- 4 , 6 71 . 8 8

00 2283 

SECURITY  SVC   THRU  11 /1/18	SECURI TAS SECURI TY SERVICES USA, INC 11/09/18  00067	10/3 1/18  235241	201 810 320 -572 00-46500 
LAKE ASHTON CLEAN UP
11/01/18  235517	201 811 320- 5720 0-46 200 

- - -
*
*

-	-   -   -   -   - 4 -, 6 7- 1 -. 8 -8   002284
665 . 0 0
13 , 3 01 . 8 3

NOV  18  -   LAND S CAPE  MAINT	YELLOWSTONE LANDS CAPE 11/26/18  00 051	11/14/18 30847811 201 811 320- 57200- 43100 
PROPANE   REF  #639374813 
11/16/18 30848689 201 811 320 -57200- 43100 

- - -
*
*

-   -   -   -   -   - -
1 , 2 72 . 6 9
1 , 2 7 1 . 9 5

1- 3 -, 9 -66 -. 8 3-

00 228 5

PROPANE  REF#  64 0215019	AMERIGAS
11/2 6/18  00081	11/01 /18 11 012018 201 811 320-57200-23000 
NOV  18   -  HEALTH  INSURANCE	MARY BOSMAN
11/2 6/18  00140	11/15/18 11152018 20 1811 320 -57200-34100 

-  -
*
*	-  -

-   -   -   -   -   -   -   -   - 2 -, 5 4- 4 -. 6 4-
250 . 0 0
-   -   -   -   -   -   -    -   -   - 2 5- 0 -. 0 0-
14 0 . 0 0

00 2286 

002287 

IT  WORK   THRU 11/12 /18	RYAN A BUSWELL
LKA2  LAKE  ASHTON  2	SROS INA

14 0 . 0 0 002288 

*

AP3 00 R	YEAR- TO- DATE ACCOUNTS PAYABLE PREPAID/ COMPUTER CHECK REGISTER
***  CHECK DATES  10/01 /2018  -  11/3 0/2018 *  *	LAKE ASHTON II - GENERAL FUND
BANK A LAKE ASHTON II - GF

RUN 11 /27/18 

PAGE	8

CHECK  VEND#	. . . . . INVOICE . . . . .   . . . EXPENSED  TO . . .		VENDOR NAME DATE		DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS
11 /26/18 00064	11/07/18 1107 2018 201 811 320-57200- 432 00 
NOV  18  - WATER SERVICES	CITY OF WINTER HAVEN
11 /26/18 0008 4	11/05/18 AR377661 20 1810 320 - 57200- 51000 
COPIER  RENTAL THRU 11/04	DEX IMAGING
11/2 6/18 00187	11/10/18 11102 018 201 811 300- 22000-10000 

11/ 10/18 

SECURI TY  DEPOSIT REFUND
111 02018 201 811 30 0-36900-10000 

S TATUS
*

*
- - -
**

AMOUNT 2 , 604 . 7 2
521 . 0 0
- - - - - - - -
500 . 0 0
175 . 0 0

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

2, 604 . 72 00 2289 

- 5 2- 1 -. 0 0-   00 2290 

SECURI TY DEPOS IT REFUND	VALERIE DOLLISON 11/26/18 00070	11/ 02/18 831835	201 811 320 -5720 0- 3 4800 

- - - - -
*

- - - - - -
12 8 . 0 0

- 6 7- 5 -. 0 0   00 2291 

NOV  18  - PEST CONTROL	FLORIDA PEST CONTROL 11/2 6/18 000 22	11/ 09/18 17353	201809 31 0-51300- 31200 

- - -
*

- - - - - - - -
600 . 0 0

- 1 2- 8 -. 0 0-

00 2292 

ABRI TRAGE  SERIES 200 5AB	GRAU & ASSOCIATES
11/2 6/18 00 017	11/13/18 11132018 20 1811 310-51300- 42 000	*
20 18 TAX  BILLING	JOE G TEDDER , TAX COLLECTOR
11/2 6/18 00 040	11/ 16/18 832 81	20 1810 310-51300- 31500	*
OCT  18  - ATTORNEY FEES	LATHAM , SHUKER , EDEN & BEAUDINE LLP
11/2 6/18 00 12 6	11/19/18 CDD  II-2 20 1810  320 -57200- 46010	*
OCT  18  - HFC CLEANING	MAGIC GENIE CLEANING SERVI CES , INC .

*

11/26/18 00 170	11/01/18 1112 018	201 811 320-5720 0-23 000	*
NOV 18 - HEALTH INSURANCE
11/2 6/18 112 62018 20 1810 320- 57200- 46050 
OCT  18  - MILEAGE REIMBUR	JAMES MARGESON

*

11/26/18  00 152	11/ 08/18 E4 23 1163 201 811 320-57200- 34500	*

*

SECURITY SVC THRU 11 /8/18 11/15/18 E4 23 6711 201 811 320- 57200- 345 00 
SECURI TY SV THRU 11/15/1 8 11/22/18 E424183 8 201 811 320-5720 0-34500 
SECURI TY  SV THRU 11/ 22/18	SECURITAS SECURITY SERVI CES USA, INC
LKA2  LAKE ASHTON 2	SROSINA

348 . 1 8

6 , 9 40 . 8 2

3 , 6 80 . 0 0

250 . 0 0
2 5 . 6 2

4 , 712 . 0 0
5 , 0 46 . 8 8
4 , 9 70 . 92

600 . 0 0  00 2293 

348 . 1 8  00 2294

6, 940 . 8 2  00 2295 

3 , 6 80 . 0 0 002296 

27 5 . 62 00 2297 

14 , 7 29 . 8 0  00 2298 

AP3 00R

YEAR-TO- DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER
*** CHECK DATES 10/01/2018 - 11/3 0/2 018 ***	LAKE ASHTON II - GENERAL FUND
BANK A LAKE ASHTON II - GF
CHECK	VEND#	. . . . . INVOICE . . . . . . . . EXPENSED  TO . . .	VENDOR NAME	S TATUS

RUN  11/27/18 

AMOUNT

PAGE	9

. . . . CHECK . . . . .  

DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLAS S
11/2 6/18 00 062	11/13 /18 11132018 20 1811 320 -572 00 -43 000 
NOV  18  -  ELECTRIC SERVI CE	TAMPA ELECTRIC COMPANY
11/26/18 00087	11/01/18 11012018 20 1811 320-57 200 -23 000 
NOV 18 - HEALTH INSURANCE	KAREN VANKIRK
11/26/18 00 119	11/11/18 68990037 201 812 320 -57200- 51000 
KYOCERA COPIER	WELLS FARGO VENDOR FIN SERV

*	10 , 3 80 . 13
*	204 . 44
*	138 . 6 8

AMOUNT	#

10 , 3 80 . 1 3  002299 

204 .4 4 002300 

138 . 6 8 002301 

TOTAL	FOR	BANK A	14 6, 38 9 . 0 2	
TOTAL	FOR	REGI S TER	14 6,38 9 . 0 2	

LKA2   LAKE ASHTON 2	SROS INA	I

i

AP** 3 00 R

YEAR-TO- DATE ACCOUNTS PAYABLE PREPAID/ COMPUTER CHECK REGISTER
*  CHECK DATES  10/01 /2018  -  11/3 0/2018 ** *	LAKE ASHTON II - CAPI TAL PROJC
BANK B LAKE ASHTON II - CR

*

CHECK  VEND#	. . . . . INVOICE . .  . . .    . . . EXPENSED  TO . . .		VENDOR NAME	STATUS DATE		DATE	INVOICE	YRMO	DPT ACCT#  SUB	SUBCLASS
10/0 4/18 00004	8/29/18 606 5	20 1808 600-5 3800 -63010 

8/29/18	30 10	*

PI CKLEBALL COLOR SYSSTEM 6066	201808 600 -53 800-6 
ROAD WORK COMPLETE AUG1 8	VARS ITY COURTS , INC .
10/15/18 0000 2	10/01 /18  18157	20 1810 600-5 3800-60000	*
SPECIAL ORDER DEPOSIT	COMMERCIAL FITNESS PRODUCTS
10/ 17/18 00004	8/29/18 6064	20 1908 600-53800-630 10	* PI CKLEBALL COURTS- BALANCE	VARS ITY COURTS , INC .
10/19/18 00 011	9/26/18 93398	201809 600-5 3800-6 30 10	* PI CKLEBALL COURT-LIGHT PL	KINCAID ELECTRI CAL SERVI CES , INC .
11/ 09/18 00002	10/3 1/18 C8 10245	20 1810 600-5 3800 -60000	*
EQUI PMENT PARTS	COMMERCIAL FI TNESS PRODUCTS

*

11/09/18 0000 5	10/31/1 8- 1710122	20 1810 600-5 3800 -62000	*

10/31/18	63010 

OCT 18 - ENGINEERING SVC 1710122	20 1810 600- 53 800- 
OCT  18  - ENGINEERING SVC	RAYL ENGINERING SURVEYING , LLC
TOTAL FOR BANK B TOTAL FOR REGI S TER

LKA2  LAKE ASHTON 2	SROS INA

RUN  11/27/18 
AMOUNT 100 . 0 0
8 , 3 37 . 0 0

358 .4 5

4, 042 . 2 0

19 , 496 . 3 1

358 .4 5

2 , 8 50 . 0 0
75 . 0 0

35, 617 .41 
35, 617 .4 1

PAGE	1

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

8 , 437 . 0 0  0000 26 

358 .45 0000 27 

4, 042 .20 0000 28 

19, 496 . 3 1  000029 

358 .4 5 000030 

2, 925 . 0 0  0000 31 

LAKE ASHTON II 
COMMUNITY D EVELOPMENT DISTRICT BALANCE SHEET
September 30, 2018

Page l

REVENUES:

LAKE ASHTON II 
COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND 
STATE MENT OF REVENUES, EXPENDITURES AND CHANG ES IN FUND BALANCES
FOR THE PERIOD ENDING
September 30, 2018
ADOPTED	PRORATED	ACTUAL
BUDGET	THRU 9/30/18	THRU 9/30/18	VARIANCE

SPECIAL ASSESSMENTS TAX COLLECTOR	$1,218, 686	$1,218,686	$1, 243,499	$24,812 INTEREST EARNED		$1,500		$1,500		$6,742		$5,242

MISCELLANEOUS INCOME 		$0	$0	$1,536	$1,536	
TOTAL REVENUES	$1,225,186	$1,225,186	$1,262,836	$37,Gso I	
EXPENDITURES:				
ADMIN/STRA TIVE:				
ARBITRAG E	$2,500	$2,500	$600	$1,900	
ANNUAL AUDIT 	$5,600	$5,600	$5,600	$0	
ATTORNEY	$20,000	$20,000	$19, 211	$789	
COMPUTER TIME 	$1,000	$ 1,000	$1,000	$0	
DISSEMINATION	$6,000	$6,000	$6, 250	($250}	
DUES, LICENSES, SUBSCRIPTIONS	$175	$175	$175	$0	
INSURANCE	$30,558	$30,558	$30,033	$525	
LEGAL ADVERTISING 	$500	$500	$612	($112)	
MANAGEMENT	$47,408	$47,408	$45,556	$1,851	
OFFICE SUPPLI ES	$300	$300	$133	$167	
OTHER CURRENT CHARGES	$2,000	$2,000	$2,326	($326)	
GOLF COURSE STUDY	$0	$0	$12,373	($ 12,373)	
POSTAGE	$1,500	$ 1,500	$1,516	($16)	
PRINTING & BINDING 	$1,200	$ 1,200	$1,246	{$46)	
TELEPHONE 	$50 	$50 	$0		
TRUSTEE FEES	$6,500	$6,500	$0	$6,500	
TOTAL ADMINISTRATIVE EXPENDITURES	$125,290	$125,290	$126,632	($1,342) 1	
FIELD EXPENDITURES					
ATH LETIC EQUIPMENT BUILDING CONTRACT SERVICES	$6,000
$46,920	$ 6,000
$46,920	$0
$69,515	$6,000
{$22,595}	
BUILDING GROUNDS MAINTENANCE & SUPPLIES
CONTINGENCY	$16,700
$20,000	$ 16,700
$20,000	$82,739
$8,739	{$66,039}
$11,261	
ENGINEERRING	$12,000	$12,000	$14,901	{$2,901)	
HFC SPECIAL EVENTS	$3,000	$3,000	$1,616	$1,384	
LAN DSCAPE /LAKE CONTRACT SERVICES	$152,712	$152,712	$170,720	{$ 18,008)	
OFFICE SUPPLIES/PRINTING/ BINDING	$10,000	$10,000	$7,097	$2,903	
PERMITS/INSPECTIONS
PERSONNEL EXPENSES	$1,500
$214,455	$1,500
$214,455	$1,400
$188,414	$100
$26,041	
P LANT/TRE E REP LACE MENT POND REPAIRS	$10,000
$0	$10,000
$0	$0
$5,900	$10,000 ($5,900}	
SECURITY CONTRACT SERVICES
UTI LITI ES	$246,300
$207,767	$246,300
$207,767	$251,806
$187,458	{$5,506)
$20,308	
TOTAL FIELD EXPENDITURES	$947,354	$947,354	$990,306	!$42,952)1	
FIRST QUARTER OPERA TING RESER VES	$205,797	$205,797	$0	$205,797	
TOTAL PROJECT EXPENDITURES	$205,797	$205,797	$0	$205,797 1	
TOTAL EXPENDITURES	$1,278,441	$1,278,441	$1,116,938	$161,so3 I	
OTHER SOURCES/(USES):					
INTERFU ND TRANSFER IN/(OUT)	($220,000)	($220,000}	($220,000)	$0	
TOTAL OTHER SOURCES/(USES)	($220,000)	($220,000)	($ 220,000}	$0 I	
EXCESS REVENUES (EXPENDITURES)	($273,254)		($74, 101)		
FUND BALANCE - Beginning 	$273,254		$262,847		
FUND BALANCE - Ending	($0)		$188,746		

RENTAL FEES	$5,000	$5,000	$11,060	$6,060

I

Page 2

LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT

GENERAL FU ND - FY 2018

ADOPTED BUDGET

OCT

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEPT

TOTAL

REVENUES:

$9,464

$92

SPECIAL ASSESSMENTS	$1,218,686	$0	$47,468	$552,621	$247,541	$20,602

$321,095	$1,969	$53,390

($13,104)	$2,362 $1,243,499

INTEREST EARNED	$1,500	$210	$92	$38	$279	$513	$551	$670	$1,146	$1,144	$1,068	$572	$459	$6,742
RENTAL FEES	$5,000	$550	$70	$1,200	$20	$1,800	$960	$3,013	($70)	($500)	$510	($243)	$11,060
MISCELLANEOUS		$0	$0	$0	$0	$0	$0	$0	$0	$223	$0	$0	$1,313	$0	$1,536 CARRY FORWARD SURPLUS	$273,254	$0	$0	$0	$0	$0	$0	$0		$0	$0	$0		$0	$0		$0

!TOTAL REVENUES

EXPENDITURES:

$1,498,440	$760	$47,630	$553,858	$251,570	$21,135	$11,815	$322,725	$6,351	$54,464	$660	($10,710)	$2,578 $1,262,836 I

ADMINISTRATIVE
ARBITRAGE	$2,500	$0	$0	$0	$600	$0	$0	$0	$0	$0

$0	$600

ANNUAL AUDIT	$5,600	$0	$0	$2,000	$0	$0	$0	$1,500	$2,100	$0	$0	$0	$0	$5,600

$83

$83

$83

ATTORNEY	$20,000	$976	$1,429	$1,847	$906	$1,702	$565	$1,504	$747	$2,157	$635	$4,382	$2,361	$19,211

COMPUTER TIME	$1,000	$83

$83	$83

$83	$83

$83	$83	$1,000

DISSEMINATION	$6,000	$500	$500	$500	$500	$500	$500	$500	$500	$500	$500	$750	$500	$6,250

DUES, LICENSES AND SUBSCRIPTIONS	$175	$175	$0	$0	$0

$0	$0	$0	$0	$0

$0	$175

$53

INSURANCE	$30,558	$30,033	$0	$0	$0	$0	$0	$0	$0

$3,951

$3,951

LEGALADVERTISING	$500	$59	$0	$0	$0	$0	$0	$118

$0	$0	$30,033

$3,333

$0	$188	$30	$165	$612

$49

MANAGEMENT FEES	$47,408	$3,951	$3,951
OFFICE SUPPLIES	$300	$0	$0	$0

$3,951

$3,951	$3,951	$3,951

$25

$0	$0	$0

$3,333	$3,333	$4S,5S6
$25	$3	$31	$133

OTHER CURRENT CHARGES	$2,000	$182	$193	$220	$84	$294	$315	$135	$177	$1S2	$216	$161	$198	$2,326

$17

$49

GOLF COURSE STUDY	$0	$0	$0	$0	$0	$0	$0	$0	$2,500	$0	$9,873	$0	$12,373

POSTAGE	$1,500	$72	$45	$495

$123	$49	$76	$208	$27	$149	$207

$1,516

PRINTING AND BINDING	$1,200

$22	$201

$128	$34	$23	$268	$269	$10	$212	$1,246

TELEPHONE	$50	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0

ITOTALADM. EXPENDITURES

$125,289

$36,056

$6,236

$9,117

$6,342

$6,721

$5,591

$7,900

$10,342

$7,163

$18,833

$6,932

$126,632 1

FIELD:

ATHLETIC EQUIPMENT BUILDING CONTRACT SERVICES
SECURITY SERVICES CLEANING SERVICES POOL MAINTENANCE
TOTAL BUILDING CONTRACT SERVICES
BUILDING /GROUNDS MAINTENANCE & SUPPLIES BUILDING MAINTENANCE/SUPPLIES GROUNDS MAINTENANCE/SUPPLIES

320.572.600
320.572.34S10
320.572.46010
320.572.46400

$6,000
$46,920

TOTAL BUILDING /GROUNDS MAINTENANCE & SUPPLIES

PEST CONTROL

320.572.46020
320.572.46030

$46,920
$16,700

320.572.34800

CONTINGENCY ENGINEERING 
HFC SPECIAL EVENTS

320.572.49000
310.513.31100
320.572.49400

$16,700
$20,000
$12,000
$3,000

$0
$0
$3,280
$6,617
$4,351
$1,510
$219
$6,080
($630)
$1,061
$0

$0

$3,280
$500
$3,780
$2,888
$125
$3,082
$0
$183
$56

$0
$S29
$3,280
$1,140
$4,949
$2,121
$24,909
$125
$27,155
$0
$1,971
$0

$0
$130
$3,280
$2,066
$5,476
$2,978
$15,758
$204
$18,940
$0
$182
$230

$0

$190
$3,280
$1,842
$5,312
$2,929
$1,316
$125
$0
$701
$154

$0
$325
$3,280
$7,194
$1,491
$3,797
$125
$5,413
$4,101

$0
$0
$3,280
$5,843
$9,123
$1,243
$194
$329
$1,766

$0

$892
$108

$0
$130
$3,280
$4,006
$7,416
$2,022
$1,811
$125
$0
$2,931
$165

$9S
$3,830
$833
$4,758
$2,111
$1,694
$3,805

$0

$203
$3,680
$1 477
$5,361
$827
$204
$89

$3,231
$581

$0
$444
$3,280
$804
$4,528
$750
$2,044
$128
$2,922
$61
$1,810

$137

$0
$602
$3,280
$1,120
$5,002
$3,318
$331
$128
$26
$930
$130

$0
$2,648
$40,310
$26 557
$69,515
$27,028
$53,874
$1 837
$82,739
$8,739
$14,901
$1,616

$5,399

$3,777

$5,046

$92

$55

TRUSTEE FEES	$6,500	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0

Page 3

LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT
GENERAL FU ND - FY 2018

ADOPTED  BUDGET
LANDSCAPE/LAKE CONTRACT SERVICES	$152,712

OCT	NOV	DEC	JAN	FEB	MAR

APR	MAY	JUN	JUL	AUG	SEPT	TOTAL

LAKE MAINTENANCE	320.572.46500

$1,320	$875	$1,575	$875

$1,575

$875	$875	$1,575

$1,575	$13,745

$0

$0

$0

$0

LANDSCAPE MAINTENANCE	320.572.46200

$13,002	$13,002	$13,002	$13,002	$13,002	$13,002

$13,002	$13,002	$13,002	$13,002	$13,002	$13,089	$1S6,109

IRRIGATION REPAIRS	320.572.46210

$0	$199	$76

$110	$187	$293

$866

TOTAL LANDSCAPE/LAKE CONTRACTSERVICES		$152,712 OFFICE SUPPLIES/PRINTING/BINDING	320.572.51000		$10,000

$14,322	$13,877	$14,577	$14,076	$13,953	$14,577
$301	$707	$493	$650	$1,265	$189

$13,987	$14,064	$14,870	$13,877	$13,877	$14,664	$170,720

($4)

$430

$1,017	$262	$545	$982	$690	$7,097

PERMITS/INSPECTIONS	320.572.49300	$1,500	$0
PERSONNEL EXPENSES	$214,455

$550	$0	$420

$0	$1,400

EXERCISE INSTRUCTORS	320.572.34100
FICA EXPENSE	320.572.21000

$1,700	$1,200	$1,435	$1,515	$1,416	$1,350

$704

$750	$713	$790	$860	$1,323	$928

$1,790	$1,500	$1,415	$1,275	$368	$1,733	$16,696
$974	$960	$943	$933	$1,317	$958	$11,449

HEALTH INSURANCE	320.572.23000

$500	$500	$704

$704

$704	$704	$704	$1,132	$322	$704	$7,840

$0

$0

SALARIES	320.572.12000

$9,806	$9,321	$10,322	$11,242	$17,296	$12,441

$12,727	$12,550	$12,324	$12,199	$17,222	$12,523	$149,971

$0

$0

INSURANCE	320.572.45000

$0	$1,998

$0	$0	$0

$2,458

PERSONNEL EXPENSES	$214,455

$12,711	$11,734	$13,047	$16,320	$20,740	$15,423

$16,195	$16,173	$15,386	$15,539	$19,229	$15,918	$188,414

PLANT/TREE REPLACEMENT	320.572.46220	$10,000

$24,999

POND REPAIRS	320-572-46600		$0	$0 SECURITY CONTRACTSERVICES		$246,300

$0	$0	$0
$0

$0	$0
$0	$0

$1,350

$0	$0

$99

$0

$5,900

GATE ATTENDANTS	320.572.34500

$19,122	$18,934	$18,688	$19,199	$23,812

$19,144	$25,002	$18,688	$23,701	$19,450	$19,172	$249,908

VIDEO 5ECURITY-ADT	320.572.34520

$524

$97	$131	$97

$132	$291	$99	$132	$99

$1,898

TOTAL SECURITY CONTRACT SERVICES	$246,300
UTILITIES	$207,767
ELECTRIC	320.572.43000

$25,523	$19,219	$19,031	$18,818	$19,296	$23,910

$30

$10,780	$10,380	$10,181	$10,545	$10,300	$9,755

$19,276	$25,293	$18,786	$23,834	$19,549	$19,271	$251,806

$391

$9,905	$9,717	$9,900	$10,392	$10,553	$10,054	$122,462

REFUSE	320.572.34900

$162

$163	$163	$164	$164

$164	$169

$184	$183	$1,938

WATER	320.572.43100

$1,872	$2,163	$3,418	$4,716	$2,387	$2,653

$627	$2,820	$2,507	$2,828	$2,392	$2,791	$31,174

TELEPHONE	320.572.41000

$129

$841	$840	$1,520	$1,177

$741	$718	$963	$963	$963	$963	$10,542

$334

$0

GAS/PROPANE	320.572.43200

$1,872	$2,163	$3,418	$4,716	$2,387	$2,653

$627	$2,820	$1,070	$1,077	$1,078	$1,318	$25,199

MAINTENANCE	320.572.46000

($264}	$0	$274	$0

$0	$0	$0	$0

$0	$0	$344

TOTAL UTILITIES	$207,767

$13,953	$14,752	$17,140	$19,399	$16,399	$15,710

$13,776	$15,590	$14,609	$15,652	$15,170	$15,309	$187,458

!TOTAL FIELD EXPENDITURES	$947,354

$67,389	$102,913	$94,090	$82,190	$86,609

$75,715	$86,608	$83,103	$77,854	$78,182

$990,306 1

$75,715

FIRST QUARTER OPERATING RESERVES	$205,797
OTHER SOURCES/IUSES)
INTERFUND TRANSFER IN/(OUT}	($220,000)

($25,995)

!TOTAL OTHER SOURCES/(USES}	($220,000)

$79,938

$0

$0	$0	$0
$0

$0

$0

$0

$0

$0
$0	$0	$0	$0

$0	$0

$0

$0

$0

$0

$0

($220,000} ($220,000}

$0

($220,000}
($220,oooJI

TOTAL EXPENDITURES	$1,498,440

$115,994	$73,625	$112,030	$100,432	$88,911	$92,200

$83,615	$96,950	$90,267	$83,253	$317,015	$82,647 $1,336,938

IEXCESS/REVENUES(EXPENDITURES

($115,234}

$441,828	$151,139	($67,776)	($80,385)

Page 4

$239,110	($90,599)	($35,803)	($82,593)   ($327,725)	($80,069)	($74,101)1

REVENUES:

LAKE ASHTON II 
COMMUNITY DEVELOPMENT DISTRICT
CAPITAL PROJECTS
Statement of Revenues, Expenditures and Changes in Fund Balances For The Period Ending 
September 30, 2018
ADOPTED	PRORATED	ACTUAL
BUDGET	THRU 9/30/18	TH RU 9/30/18	VARIANCE

CAPITAL RESERVE - TRANSFER IN	$220,000	$220,000	$220,000	$0
CONTRIBUTIONS-PICKLEBALL COU RTS	$0	$0	$20,207	$20,207
INTEREST EARNED	$0	$0	$8,073	$8,073
TOTAL  REVENUES	I	$220,000	$220,000	$248,281	$28,281 1
EXPENDITURES:
BAN K CHARGES	$0	$0	$672	($672)
CAPITAL PROJECTS - FY18
ATHLETIC EQUIPMENT		$0		$0	$1,548	($1,548) POND REPAI RS AND MAINTENANCE	$25,000	$25,000	$9, 150	$15,850
PICKLEBALL COU RTS	$30,000	$30,000	$77,933	($47,933)
PAVING PARKING LOT/LIGHTS	$90,000	$90,000	$50,377	$39,623
ROAD REPAIRS (l)	$75, 000	$75,000	$7,526	$67,474
DRAI N SYSTEM/GUTTERS	$0	$0	$5,275	($5,275)
WINDOWS/DOORS WCM	$0	$0	$42, 260	($42, 260)
LED LIGHTING	$0	$0	$726	($726)
OUTDOOR FURNITU RE-RECONI DITONING	$0	$0	$1,835	($1,835)
BATH ROOM FLOORING	$0	$0	$7,457	($7,457)
HVAC/AC SYSTEM		$0		$0	$14,543	($ 14,543 ) OTHER CAPITAL PROJECT EXPENSES	$540, 139	$540, 139		$0	$540, 139
TOTAL EXPEN DITURES	I	$760, 139	$760, 139	$219, 303
EXCESS REVENU ES (EXPENDITU RES)	I	($540, 139)	$28,977
FUND BALANCE - Beginning	$540, 139	$540, 139
FUND BALANCE - Ending	$0	$569, 116 

(l) Road repairs not used during FY2018 will be set aside in an investment account to use for futu re road repairs. 

Page s

-,

LAKE ASHTON Ii 
COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2005A
STATEMENT OF REVENU ES, EXPENDITU RES AN D CHANGES IN FU ND BALANCES
FOR TH E PERIOD ENDING 
September 30, 2018

REVENUES:
SPECIAL ASSESSMENTS - ON ROLL
SPECIAL ASSESSMENTS - PREPAYM ENTS I NTEREST EARNED 
TOTAL REVENUES EXPENDITURES:
SERIES 2005A:
INTEREST - 11/1
SPECIAL CALL - 11/1 INTEREST - 5/1

ADOPTED BUDG ET

$436,872
$0
$1,000
$437,872

$139,347
$30,000

PRINCIPAL - 5/1	$160,000	$160,000	$160,000	$0	
SPECIAL CALL - 5/1	$0	$0	$45,000	($45,000)	
TOTAL EXPENDITURES	$468,694	$468,694	$561,651	($92,957)1 	
EXCESS REVEN UES (EXPENDITURES)	($30,822)		($47, 157)		
FU ND BALANCE - Beginn ing 	$185,650		$519,737		
FUND BALANCE - Ending	$154,828		$472,580		

$139,347

PRORATED THRU 9/30/18

$436,872
$0
$1,000
$437,872

$139,347
$30,000
$139,347

ACTUAL THRU 9/30/18

$442,033
$67,032
$5,430
$514,494

$139,347
$80,000
$137,304

VARIANCE

$5,161
$67,032
$4,430
$76,622 I

$0 ($50,000)
$2,043

Page 6

SERIES 2006A

LAKE ASHTON II 
COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2006A
STATEMENT OF REVENUES, EXPENDITU RES AND CHANG ES IN FU ND BALANCES
FOR TH E PERIOD ENDING 

ADOPTED

PRORATED

ACTUAL

September 30, 2018

REVENUES:	BUDGET	THRU 9/30/18	THRU 9/30/18	VARIANCE	
ASSESSMENTS - OFF ROLL	$315,038	$315,038	$321,352	$6,314	
ASSESSMENTS - PPMTS	$0	$0	$28,434	$28,434	
OTH ER REVENUE SERVICES	$79, 288	$79, 288	$89,288	$10,000	
INTEREST INCOME 	$0	$0	$2,133	$2,133	
TOTAL REVENUES	I	$394,326	$394,326	$441,207	$46,881 1	
EXPENDITURES:					
INTEREST - 11/1	$79,288	$79,288	$79,288	$0	
INTEREST - 5/1	$104,940	$ 104,940	$104,940	$0	
PRINCIPAL - 5/1	$105,000	$ 105,000	$115,000	($ 10,000}	
TOTAL EXPENDITURES	I	$289,228	$289,228	$299,228	($10,000) 1	
EXCESS REVENU ES (EXPENDITU 1	$105,098	$141,979	
FUND BALANCE - Beginning	$0	$78,999	
FUND BALANCE - Ending	$105,098	$220,978	

Page 7

LAKE ASHTON II 
COMMUNITY DEVELOPMENT DISTRICT
CAPITAL PROJECTS - SERIES 2006
Statement of Revenues, Expenditures and Changes in Fund Bala nces For The Period Ending
September 30, 2018

REVENUES:
INTEREST EARNED 

ADOPTED BU DGET

TOTAL REVENUES	$0	$0	$44	$44 I	
EXPENDITURES:					
COi	$0	$0	$30,054	($30,054)	
TOTAL EXPENDITURES	$0	$0	$30,054	($30,054) 1	
EXCESS REVEN U ES (EXPENDITURES)	I	$0		($30, 010)		
FUND BALANCE - Beginning	$0		$30,038		
FU ND BALANCE - Ending	$0		$28		

$0

PRORATED THRU 9/30/18

$0

ACTUAL TH RU 9/30/18

$44

VARIANCE

$44

Page 8

LAKE ASHTON II	~1
COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT RECEIPTS
FISCAL YEAR ENDING SEPTEMBER 30, 2018

TOTAL ASSESSED AMOUNTS

I

300-363-100	300-363-100	300-363-102
. $1;310,415,SS	$465,964.51	.. $338;7.so.oo.	$2,11s,13o.o6 001		021		022
DATE	GROSS TAX	DISCOUNTS		PROPERTY	INTEREST/	COMMISSIONS	NET AMOUNT	GENERAL FUND	DS S2005	DS S2006		TOTAL RECEIVED		RECEIVED		APPRAISERS	PENALTIES			RECEIVED		61.95%		22.03%		16.02%	100.00%
11/15/2017	$19,515 .63	$780.64	$0.00	$0.00	$374.70	$18,360.29	$11,375.00	$4,044.78	$2,940.50	$18,360.29
11/17/2017	$49,722.15	$1,988.92	$0.00	$0.00	$954.67	$46,778.56	$28,981.36	$10,305.35	$7,491.85	$46,778.56
11/22/2017	$12,361.78	$649.02	$0.00	$0.00	$234.25	$11,478.51 ,	$7,111.44	$ 2,528.72	$1,838.35	$11,478.51
12/06/17	$148,583.08	$5,943.44	$0.00	$0.00	$2,852.79	$139,786.85 <.i	$86,604.07	$30,795 .13	$22,387.65	$139,786.85
12/13/17	$308,443.04	$12,337.96	$0.00	$0.00	$5,922. 11	$290,182.97	$179,781.04	$63,927.49	$46,474.44	$290,182.97
12/20/17	$491,082.62	$19,643.70	$0.00	$0.00	$9,428.78	$462,010. 14	$286,235.48	$101,781.13	$73,993.53	$462,010. 14
01/16/18	$419,444.96	$12,569.10	$0.00	$0.00	$8,137.52	$398,738.34	$247,035.84	$87,842.31	$63,860.19	$398,738.34
02/15/18	$34,624.79	$692.51	$0.00	$0.00	$678. 64	$33,253 .64 •• . i	$20,602.08	$7,325.80	$5,325.76	$33,253.64

03/15/18	$15,744.65	$ 157.43	$0.00	$0.00	$311.74

$15,275.48 '!

I	$9,463.83	$3,365.20	$2,446.4

$15,275.48

01/31/18	$815.99	$0.00	$0.00	$0.00	$0.00	$815.99 i	$505.54	$179.76	$130.69	$815.99
5
04/13/18	$528,265.54	$31.48	$0.00	$0.00	$10,564. 68	$517,669.38	$320,718.81	$114,042.90	$82,907. 67	$517,669.38

!

04/26/18	$375.90	$0.00	$0.00	$0.00	$0.00	$375.90	$375.90	$0.00	$0.00	$375.90
05/15/18	$3,148.93	$0.00	$0.00	$94.46	$64.87	$3,178.52	$1,969.23	$700.23	$509.06	$3,178.52
06/15/18	$3,148.93	$0.00	$0.00	$94.47	$64.87	$3,178.53	$1,969.24	$700.23	$509.06	$3,178.53
06/21/18	$81,043.96	$0.00	$0.00	$3,647.02	$1,693 .82	$82,997.16	$51,420.37	$18,284.33	$13,292.46	$82,997.16
07/30/18	$0.00	$0.00	$0.00	$91.71	$0.00	$91.71 :(	$91.71	$0.00	$0.00	$91.71

(

08/08/18	$0.00	$0.00	($21,100.90)	$0.00	$0.00	($21,100.90) :.c!	{$13,104. 16)	($4,630.46)	{$3,366.28)	($21,100.90)
10/31/18	$0.00	$0.00	$0.00	$0.00	($3,812.26)	$3,812.26     !	$2,361.86	$839.84	$610.55	$3,812.26
TOTALS	$2,116,321.95	$54,794.20	($21,100.90}	$3,927.66	$37,471.18	$2,006,883.33	$1,243,498.64	$442,032.75	$321,351.93	$2,006,883.33

100% 1

Percentage Collected

12/19/17	$7,199.83	$0.00	due from prior yr	
12/19/17	$9,679.02	$12,270.70	1889/1890	
01/12/18
03/13/18	$196,503 .76
$95,168.11	$142,855.62
$69,185.95	1918/1919	I	
03/20/18	$179.77	$130.69	2001/2002		
04/17/18	$117,408.09	$85,354. 12	2036/2037		
07/30/18	$18,984.56 	$13,801.52	2159/2160		
TOTAL TRANSFERS	$445,123.14	$323,598.60			

DlS TRANSFERS	DlS S2005	DlS S2006	CHECK #

1988/1989