Lake Ashton
Community Development District
and
Lake Ashton II
Community Development District
Joint Meeting Continued Agenda

Seat 3: Mike Costello - C Seat 5: Borden Deane-VC Seat 1: Bob Ference - AS Seat 4: Murray Zacharia-AS
Seat 2: Robert Plummer-AS

Seat 4: Doug Robertson-C Seat 1: James Mecsics-VC Seat 2:  Stanley Williams-AS Seat 5: Carla Wright-AS
Seat 3:  Bob Zelazny-AS

Friday
July 26, 2019
11:00 a.m.
Roll Call and Pledge of Allegiance

Approval of Meeting Agenda

Lake Ashton II Health & Fitness Center 6052 Pebble Beach Boulevard Winter Haven, FL 33884

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 opportunity to speak prior to Board action)

Consideration of First Amendment to Contract of Sale and Purchase

Presentation and Billy Casper Golf Peer Review (tentative)

Review of Estimated Golf Course Purchase and Operational Expenses (tentative)

	Consideration of Resolution #2019-08 Setting a Public Hearing on Joint Amenity Rules for Lake Ashton COD

Consideration of Resolution #2019-10 Setting a Public Hearing on Joint Amenity Rules for Lake Ashton II COD

Supervisors Requests and General Public Comments

Adjournment

AMENDMENT TO CONTRACT OF SALE AND PURCHASE

This Amendment to Contract of Sale and Purchase (the "Amendment") is entered into as ofthis	day of July, 2019, by and between Lake Ashton Golf Club, Ltd., a Florida limited partnership, Lake Ashton Golf Club II, Ltd., a Florida limited paiinership, and Ashton Golf­ Eagle's Nest, LLC, a Florida limited liability company (collectively, "Seller"), and the Lake Ashton Community Development District a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes ("Lake Ashton I"), and the Lake Ashton II Community Development District, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes ("Lake Ashton II," and together with Lake Ashton I, "Buyer").

RECITALS
A Seller and Buyer have entered into a Contract of Sale and Purchase, dated June 14, 2019, (the "Contract"), pursuant to which Seller agreed to sell, and Buyer agreed to purchase ce1iain real property described therein.
Capitalized terms used herein and not otherwise defined herein shall have the meanings given to such terms in the Contract.
Buyer and Seller now desire to amend the Contract in accordance with the terms and conditions of this Amendment.
NOW, THEREFORE, in consideration of the promises and covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:
Amendment to Section 4.2.1. The first and second sentences of Section 4.2.1 of the Contract are hereby amended to read as follows:
"The "Open Inspection Period" shall commence on the Effective Date and end on the sixty-sixth (66th) day following the Seller's provision to Buyer of the Due Diligence Materials. If this Contract has not previously been terminated, the "Limited Inspection Period" shall commence upon the expiration of the Open Inspection Period and end on the sixty-ninth (69th) day thereafter."
Counterparts. This Amendment may be executed in counterpaits, each of which shall be deemed an original, but all of which together shall constitute one and the same Amendment.
Signatures. This Amendment may be executed by either or all parties by facsimile signature or "PDF" signatures emailed, and any such signature shall be deemed an original signature and Escrow Agent is hereby authorized and instructed to rely thereon.

Effect of Amendment. In the event of any inconsistencies between this Amendment and the Contract, the tenns of this Amendment shall govern. Except as provided for herein, all other tenns and conditions of the Contract shall remain unchanged and the parties hereto reaffinn the te1111s and conditions of such Contract. This Amendment may only be varied by a document, in writing, of even or subsequent date hereof, executed by the parties hereto.
lN WIJNESS WHEREOF, Buyer and Seller have executed this Amendment as of the date first written above.
SELLER:
LAKE ASHTON GOLF CLUB, LTD., a
Florida limited partnership
By: Century Properties-RES, LLC As its: General Partner

By: 	____	_
Name:, 		 	
Title:-------	--
Date: 	_
LAKE ASHTON GOLF CLUB II, LTD., a
Florida limited partnership
By: Century Properties-RES, LLC As its: General Partner
By: 	____	 	_
Name: 	__
Title: 		 	_
Date:_	________	_	_

ASHTON GOLF-EAGLES NEST, LLC, a
Florida limited liability company
By: Century Properties-RES, LLC As its: Manager
By:	Name:.___ 	 Title:-   ------------
Date:_	 	

[Signatures continue on following page]

2

[Attached to Amendment to Contract for Sale and Purchase]
BUYER:
LAKE	ASHTON	COMMUNITY
DEVELOPMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes

By:	­
Name: ----------
Title: ----------
Date:	---- 

3

[Attached to Amendment to Contract for Sale and Purchase]
BUYER:
LAKE	ASHTON	II	COMMUNITY
DEVELOPMENT DISTRICT,  a  local  unit of
special-purpose government established pursuant to Chapter 190, Florida Statutes

By: 	_ Name: ----------
Title: ----------
Date: -	----

4

I
I

I

SCOPE OF ASSIGNMENT
Peer Review and Analysis

Consultant shall perform a peer review and analysis ("Peer Review") of the Discovery Session Report prepared for the Districts by Hampton Golf, Inc., in anticipation of the Districts' Acquisition of the Golf Club, which Peer Review will focus on  confirming  or commenting on the following:
Recommendations on the future operating model for Lake Ashton (private, semi-private, public);
Future financial assumptions as related to the recommended operating model;
Prioritization of future capital requirements/repairs over the next 10 years;
Review of any Property Condition Assessment or Phase I Environmental Report

g���i;:R 	www.billycaspergolf.com

BACKGROUND
Our Company and Our Knowledge of Lake Ashton

Billy Casper Golf was founded in 1989 by Peter Hill, Bob Morris and Billy Casper and remains the largest privately-held golf management firm in the world (150+ managed properties).

Portfolio Construct:

86 - Third-Party Management Courses 57 - Owned or Leased Courses
11 - Consulting or "A la Carte" Service Courses

In November of 2018, BCG explored the possible acquisition of Lake Ashton Golf Club. We eventually passed on the opportunity. Our underwriting showed the course could be a viable acquisition for the Districts, but would not generate enough cash flow to provide the ROI and easy exit strategy our firm desired.

We evaluated this acquisition with an "ownership mentality" and it is from this perspective that we provide the following commentary.

g���i::R	www.billycaspergolf.com

0PERATING MODEL
Private Club
Billy Casper Golf has an intimate knowledge of the local market - currently operating three courses in the area:
Willowbrook Golf Course - Daily-fee, owned by the City of Winter Haven
CC of Winterhaven - Private, owned by the Membership
The Club at Eaglebrooke - Semi-Private, owned by the Golden Lakes CDD
We believe the most viable operating model for Lake Ashton is to continue as a "resident-only" private club
"
Observations:	'?)

Y'Got!Ci:,rw,a•	-·

Lake Ashton does not have a true "competitor" in the marketplace
Lake  Ashton  membership  rates  have  little upward
elasticity,	and   the   current   value    is    driven  by

Q

ffii

�	C,c-,;nAGt�

,���-·-

���'Q)L��a.,�

el	�t�t:IM\d

��'==o	\'.5  c,.-..

-·

J...¥i. l'llrl,•

'!.oW;t	f�Qftr1,,,r�-

n_,.._

tf;:11"ottC,r,,

((t==-t-

-	Converting to a semi-private model will de-value

convenience

I��

<.:

"e	�-

the current membership without attracting enough daily-fee players to offset the membership revenue decrease
Memberships could be offered "outside the gates;" however, the club would need to acquire a larger fleet of golf carts and storage will be an issue

BILLY

■.�

��-C-..w'I ,�IVP""'
i?J

J;,

c,,J	Cl

.:::J

Go git'

0	-­
f:;i
9LN���Cl;D
q ....,,,..,_
q� �.

,.
JJ)

CASP�R GOLF

..................... ,jl .............................................................. 11:, .................................... ....... ...... ............. .. .. ..... . .......... 1-••· ······ · ···· ········

www.billycaspergolf.com

IN	NCIAL PROJECTIONS
Gross Income

YEAR

ITOTAL ROUNDS OF GOLF	48,329	-

46,761	36,555	42,600	43,452	44,321	45,207	45,660	221,240
1	2	3	4	5

REVENUES
Greens Fees

--2-016	2017	2018	2020	2021	2022	2023	2024	Years 1 to 5
$	12,611 r$	47 797   $	47,701   $	49,500   $	50,985  $	52,515  $	53,040   $	53,570   $	259,609

Pro Shop Sales	r$	68,428  $	123,147 r$	127,364   $    131,208   $    135,144   $    139,199  $	140,591  $	141,996   $	688,138
Food & NIA Beverage	$	144,139  $	153,055  $	153,055   $    157,961   $    162,700   $    167,581  $	169,256  $	170,949  $	828,446

Beverage -Alcohol

r$	118,418  $	134.303  $	134,303   $    138,024   $    142,165   $	146,430   $    147,894   $    149,373   $	723,885

Membershig Fees	$	1 401,967    $	1,365,506    $	1,40 1,835   i 1,444,300    $  1,487,629  r$  1,532,258  •$  1.547 580  •$  1,563,056    $	7,574,824
TOTAL REVENUE	s	1,745,563    $	1,823,808    $    1,864,258    $  1,920,993   $  1,978,623    $  2,037,981   $  2,058,361   $  2,078,945   $ 10,074,902
COST OF SALES
COGS - Pro Shop Merch.	80%	$	5'1,602  $	132,041    $	102,344     $     104,966    $	108,115   $    111,359   $    112,472   $    113,597   $	550,510

COGS- Food & N/A Beverage

$	77,966    $	101,481    s    •111,280    $	71,082    $	73,215    $	75,411    $	76,165    $	76,927   $	372,801

COGS -Beverage -Alcohol	35%	$	47 737   $	56 705   $	63 801   $	48,308    $	49 758   $	51,250   $	51,763  $	52,281  $	253,360
TOTAL COST OF SALES	$	180,305    $	290,227    $	277,425  r$     224,357    $     231,088    $     238,021    $     240,401    $   242,805    $	1,176,671
GROSS INCOME	$	1,565,258     $	1,533,581     $     1,586,833     $  1,696,636     $  1,747,535     $  1,799,961     $  1,817,960     $   1,836,140    $	8,898,231
Membership Growth will be a result of new home construction:
Approximately 180 homes left to build, assumed 3 year build-out at 60 homes per year
Historically, 30% of new home buyers join after their 1-year trial membership = 18 new memberships per year for 2020 - 2022
Average membership rate across all categories is $4,200
$4,200 x 18 memberships = $75,600 of increased dues or 5% increase
Conservatively, BCG budgeted for a 3% increase in membership revenue for 2020 - 2022 and a 1 % increase thereafter. BCG did not budget the full 5% increase to hedge against potential membership attrition, decreased absorption, or slower real estate sales.
All other revenues increase consistent with the percentage change in membership.
BILLY

CASPER GOLF

t I  � ·•• • ·f  4  ·•.  ,- ••  ••••••••ill&•• <i  � • <i ..... I  Ill .. I &I ..  •�•• ... _.•. If• t .. I• I It 1  t" I• II'•••• •I• 4 •ill .... • a 4  •at.• I,. .. -.IT,-,.•·• I•"' t  t 1-• I  I• I•• t Iii•• I  I•·•• If ill t ♦I• f ••I 	• t. ••• t  t • • • ••• t 4 •I•

www.billycaspergolf.com

I	ANCIAL PROJECTIONS
Labor & Expenses
YEAR	1	2	3	4	5
2016	2017	2018	2020	2021	2022	2023	2024

'""

bfil!Q!!	Increase >> j      1.0°1.	[    1.0%	[   1.0%	[   1.0%

Years 1 to 5

Goff Operations Labor	"$
General and Administrative Labor	$

536,679 !$	309 083  •s	295,031    $	90,933   s	91,842   s	92,761    s	93,688   s	94,625   $	463,850
$	$	$	92,000   s	92,920   $	93,849  S	94,788   S	95,736   $	469,292

GolfCourse Maintena� Labor	$	$	$	$    423,139   $    427,370   $    431,644   s   435,960   s   440,320   s 2,158,433
Food  and Beveraae Labor	$	128,306   s	143151  s	151 832  $	94,750  $	95698  $	96.654   s	97.621   $	98 597   s	483,320
Total Direct Labor	$	664,985   s	452,234   s	446,863 •S    700,822 •$   707,830  •$   714,908 .,$   722,057 '$   729,278   s  3,574,896
Total Payroll Taxes	s	1s 2s3 •s	57754  S	113,961 s	73,586   $	74,322   $	75,065   $	75.816  $	76,574   $	375,364
Total Medica!l1-iealth Benefits	s	s	s	s	68,808   $	69,496   $	70,191    $	70.893   $	71,602   $	350,990

Insurance -Workers Comp	s	s

$	•	I 17.521   $	17,696  s	17,873  $	18,051  $	18.232  $	89,372

TOTAL LABOR	$	680,238   $	509,988   $	560,824 '$     860,737   s    869,344   s    878,037   s    886,818   s    895,686   $     4,390,622
Labor as % of Revenue	39%	28%	�%	45%	44%	43%	43%	43%	44%

OTHER OPERATIONAL EXPENSES	Increase >> I  1.0%	r 1.0%	r

[   1.0•1.	I

Burden %	2.3%	12.8%	25.5%	22.8%	22.8%	22.8%	22.8'%	22.8%
Goff Operations Expense	•"t	21,s10 •s	2s.715  •s	21,238   $	25,856   s	26,1 14   $	26,375   s	26,639   s	26,906   s	131,890

General & Administrative B:pense

s	204.541  •s	1 56,503 '$	147,348   $    160,674   $     162,280   $     163 903   s    165,542   s    167,198   s	819,597

Managemer< Fee or AccoLning/Oversight		$	�"	$		s	s	96,000 "$	96,ooo •s	96,ooo •s	s6,ooo •s	96,000   s	480,000 Go� Course Maintenance Expense	•s	1�24,493  •s	1 _313 20; 's    1 205.350   s    381,416   $     385.230   $     389,082   $    392,973   $     396,903   s    1,945,605
Food and Beverage Expense	•s	23,965 •s	25,722 "$	30,632   s	35,293   $	35,646   $	36,002   $	36,362   $	36.726   s	180,030
Sales and Marketng Expense	(SJ�	s	's	$	12,560  $	12,686  $	12,812 $	12,941   $	13,070  $	64,069

GoW Cart Lease	?1

$

$

s	12.513  S	1a,12e $

$		$	26,142	s	11 ,291	
s	1,380,509	$	1,559,802	$	1,500,729	
s	2,060,747	s	2,069,790	$	2,061,554	

Taxes-Real Esta1e	s	s	•s	66,743  $

s1,000 •s

•s
67,670 •s

'$  68,347 •s

69,03□ •s	69,720 $

341,767

Insurance • P and C

$	53,000   s	53,530   s	54,065  $	54,606   $	55,152  $	270,353

TOTAL OTHER OPERATIONAL EXPENSES

$    -831-,798- $     839,156   $  846,588   s     854,094   S     861,675   $     4,233,311

TOTAL EXPENSES
Labor model detailed in next section

$ 1,692,535 $ 1,708,500 $ 1,724,625 S 1,740,912 S 1,757,361 $ 8,623,933

Significant savings to maintenance expenses without sacrificing quality - current vendor is over-charging o	Total Maintenance Budget of $850,000
Included $96,000 expense for either management firm or additional accounting, HR, payroll, admin support if self-operating
Real estate taxes included, CDD Debt Fee and CDD O&M Fees not included
Property insurance estimated based on assessed tax values

BILLY
CASPtR GOLF

�······················································..······································································	www.bil lycaspergolf.com

FIN	NCIAL PROJECTIONS
EBITDA

YEAR

016

0

0

2	2  17	2 18

1	2	3	4	5

Years 1 to 5

2020	2021	2022	2023	2024

TOTAL REVENUE TOTAL COST OF SALES
GROSS INCOME
TOTAL LABOR

$	1,745,563   $
$	180,305    $
$	1,565,258   $

.,

S	680,238   $

1,823,808    $	1,864,258     $  1,920,993
290,227    $	277,425 y$	224,357
1,533,581   $	1,586,833    $  1,696,636
509,988   s	560,824 y$	860,737

$  1,978,623    $  2,037,981    $  2,058,361    $  2,078,945    $   10,074,902
$	231,088    $    238,021    s	240,401    $	242,805   $	1,176,671
----
$  1,747,535    $  1,799,961    $  1,817,960    $ 1,836,140    s	8,898,231
$	869, 344   $	878,037    $   886,818   $	895,686   $	4,390,622

TOTAL OTHER OPERATIONAL EXPENSES

Ir	1,380,509 $

-1-,55-9,802    s	1,500,729    $    -831-,79-8    $

-83-9, 15-6    $    -846-,58-8    $    -854-,09-4    $     -861-,67-5    s  -4,2-33,311

TOTAL EXPENSES

EBITDA

$	2,060,747   $

'$	(495,489)  S

2,069,790     s	2,061,554    $ 1,692,535
(536,209)  $	(474,721)  $	4,101

$   1,708,500    $  1,724,625    $  1,740,912    $ 1,757,361   $	8,623,933
$	39,034   $	75,335   $	77,049   $	78,779    $	274,299

Historical expense tota ls are s kewed because maintenance labor is included as part of the lump-sum contract, accounted for in the "Other Operational Expenses" line

Conclusion:
The Club can break-even operationally with modest revenue growth based on the increase in overall rooftops within the community
Expenses need to be substantially reduced, particularly in maintenance, without impacting the overall product or experience
The Club can and should remain a private golf course for the residents of Lake Ashton

.gl���t::R 	www.bi Ilycaspergolf.com

LA BOR MODEL 
Bud geted Positions and Pay Rates

EMPLOYEE PAYROLL
ANNUAL SALARIED

WAGE SCALE

ANN UAL AMOUNT

Golf Operations Staffing

Full Time I

GOLF OPERATIONS
Head Professional
GENERAL & ADMINISTRATIVE
General Manager I Director of Golf
MAINTENANCE
Manager- Superintendent
- Assistant Superintendent
FOOD & BEVERAGE
Manager- F&B
HOURLY PERSONNEL GOLF OPERATIONS MAINTENANCE FOOD & BEVERAGE

I=-

TOTAL EMPLOYEE PAYROLL {not including Incentive) BONUS
GM / Directorof Golf MAINTENANCE

PAYROLL TAXES		$73,586	
HEALTH INSURANCE*	(Includes Medical, Dental and Vision)	$68,808	
WORKMAN'S COMP		$17,521	
TOTAL BENEFITS		$159,915	
!TOTAL LABOR EXPENSE		$860,737]	

TOTAL BONUS BENEFITS

Salary

Salary

Salary Salary

Salary

$45,000

$80,000

$80,000
$50,000

$40,000

$45,933
$285,139
$54,750

$680,822

$12,000
S8,000

$20,000

Position	Number	Part Time	Schedule
DOG/General Manager	1	FT	Tu-Sa, plus Sunday Mornings	
Head Golf Proefessional	1	FT	5 Days, 45 Hours per Week	
Golf Shop Assistant	3	PT	7 Days Co-erage	
Starters/Rangers	5	PT	Play Dependent - 7 days Co-erage	
Cart Attendent/Rang"e	3	PT	7 Days Co-erage	
Maintenance Staffing
Full Time I
Position	Number	Part Time	Schedule
Golf Course Superintendent	1	FT	M-F, plus Weekend Mornings rotated with Asst	
Assistant Superintendent	1	FT	5 Days, 40 Hours per Week	
Spray Technician	1	FT	5 Days, 40 Hours per Week	
Mechanic	1	FT	5 Days, 40 Hours per Week	
Assistant Mechanic	1	FT	5 Days, 40 Hours per Week	
Course Workers	3	FT	5 Days, 40 Hours per Week	
Course Workers	10 	PT 	5 Days, 20 Hours per Week	

F&B Staffing

Position	Number	Part Time	Schedule	
Manager	1	FT	Tu-F, plus Weekend Mornings	
Bartenders	8	PT	7 Days Co-erage	

Full Time /

•BILLY
CASPER GOLF

.... t••  I  •·•··•  ••••••••••� ••  ••<11t  •••  ••·• .... ••  ■ ......... ••·  •t•  •••·••W•••••••  •ti 1-e• ......... ,•··••·■let.._.� t•• "''tlltet ,i,etot ■ ••et t  •  •• 	•·• •·•  •  •••  ••••••• '"""l'lit •

www.biIlycaspergolf.com

CAPITAL REQUIREMENTS
Future Needs
Maintenance Equipment
BCG strongly disagrees with the Discovery Session Report's assessment of the maintenance equipment needs. Page 28 of the report suggests investing $150,000 per year to replace equipment, beginning in 2020. When BCG completed our acquisition due diligence in November of 2018, two members of our agronomy team evaluated the existing equipment. We concluded the existing equipment would not require investment until 2022, at which point we would begin investing $50,000 per year.
Golf Course

•

Renovating the greens from Tifdwarf Bermudagrass to an Ultradwarf variety will allow for faster green speeds; however, we would argue this is unnecessary and makes little financial sense for the Districts. When our agronomic experts evaluated the facilities, they had few concerns with the health of the Tifdwarf Bermudagrass. If proper cultural practices are implemented, the existing greens will provide the desired playing conditions for the membership for many years.

Furthermore, should the Districts wish to renovate greens on both golf courses, BCG estimates the total renovation cost would not exceed
$175,000 per 18-holes (significantly less than the $500,000 quoted on Page 28 of the Discovery Session Report).	BCG has contracted multiple " no-till" renovations with Ultradwarf Bermudagrass, and the cost projection is consistent with our experience.
Eagle's Nest
BCG sees no financial benefit to investing capital in Eagle's Nest. The building serves its purpose of providing F&B options for golfers. Spending excessive capital to construct a kitchen is unnecessary, as residents that wish for more substantial dining options will utilize the restaurant in the community center.

g'���r::R	www.billycaspergolf.com

AD DITlO NAL CONSU LTANTS
Further Due Diligence

BCG would recommend completing a new Phase I Environmental Site Assessment and a Property Condition Assessment, if the  Districts have not already done this as part of the due diligence process. BCG has used the company "ATC" for this work in the past, and we were quoted the following rates in November of 2018:
Phase I ESA - $2,300
PCA - $2,900
Total Cost - $5,200

.g'����R 	www.billycaspergolf.com

BUDGET DETAIL
BILLY
CASPER GOLF

�--- ---�-	-I

!TOTAL ROUNDS OF GOLF	48,329	--	46,761	36,555	42,600	43,452	44,321	45,207	45,660	221,240

YEAR

REVENUES

2016	2017	2018	..	1	2	3	4	5	Years 1 to 5
2020	2021	2022	2023	2024

Greens Fees	$	12,61 1   $	47,797    $	47,701    $	49,500   s	50,985   $	52,515   $	53,040    $	53,570   $	259,609
Pro Shop Sales	$	68,428    $	123, 147   $	127,364   $	131 ,208   $	135,144  $	139,199  $	140,591   $	141 ,996  $	688,138
Food & NIA Beverage	$'	1 44, 139    $	153.055    $	153, 055    $	1 57,961    $	1 62,700    $	1 67,581    $	169,256    $	1 70,949    $	828,446
Beverage - Alcohol	$	1 1 8,418  $	134,303   $	134,303    $	138,024   $	142,165  $	146,430   $	147,894   $	149,373   $	723,885

MembershiQ Fees	$	1 401 .967    :i	1 ,365,506    §    l,401,835    $ 1,444,300    § 1 ,487.629

$ 1.563 056 i 7,574,824

TOTAL REVENUE	$	1,745,563   $	1,823,808   $	1,864,258 $ 1,920,993 $ 1,978,623 $ 2,037,981 $ 2,058,361 $ 2,078,945 $ 1 0,074,902
COST OF SALES

45%

COGS - Pro Shop Merch.	80%	$	54.602    $	132,041    $'	102,344    $	1 04,966    $	108,115    $	111 ,359    $	11 2,472    $	11 3,597    $	550,510

COGS - Food & NIA Beverage

$	77,966    $	101 ,481   $	1 1 1 ,280   $	71,082   $	73,215   $	75,411   $	76,165   $	76,927   $	372,801

COGS - Beverage - Alcohol	35%	s	47 737  s	56 705   $	63 801   §	48,308    :i	49,758   $	51,250   $	51 763  §	52.281   $	253,360
TOTAL COST OF SALES	$	180-,305    $	290,227    $	277,425    $	224,357    $	231,088    $	238,021    $	240,401    $	242,805    $	1,176,671
GROSS INCOME	$	1 ,565,258   $	1,533,581   $	1 ,586,833   $  1 ,696,636   $  1, 747,535   $  1,799,961   $  1,817,960   $  1 ,836,140   $	8,898,231

LABOR
Golf Operations Labor

t'']

Increase >>	1.0%	I	1 .0%	1.0%	1.0%	I

r-

•I

I	I	I

536,679    $	309.083    $	295, 031    $	90,933   $	91 ,842   $	92,761   $	93,688   $	94,625   $	463,850

General and Administrative Labor	$,";"'	$	$	$	92,000    $	92,920    $	93,849    $	94,788    $	95,736    $	469,292

Golf Course Maintenance Labor	$>.

$	$	$	423,139   $	427,370    $	431 ,644    $	435,960    $	440,320    $	2,158,433

98,597

Food and Beverage Labor	�	1 28.306   i	143 151  i	1 51 ,832  $	94,750    §	95.698   §	96,654    §	97,621 §

§	483,320

57,754

Total Direct Labor	$	664,985   $	452,234   $	446,863    $	700,822    $	707,830   $	714,908   $	722,057    $	729,278   $	3,574,896

Total Payroll Taxes	$	1 5,253 $

$	1 1 3.961   $	73,586   $	74,322   $	75,065    $	75,816   $	76,574    $	375,364

Total Medical/Health Benefits	$	s	$	$	68,808   $	69,496   $	70,191   $	70,893   $	71 ,602   $	350,990
Insurance - Workers ComQ	:i	s	i	§	17,521    $	17,696  $	17,873  $	1 8,051   $	18,232  $	89,372

43%

TOTAL LABOR	$	680,238   $	509,988   $	560,824   $	860,737   $	869,344   $	878,037   $	886,818  $	895,686   $	4,390,622

Laboras % of Revenue	39%	28%	30%	45%	44%

43%	43%	44%

OTHER OPERATIONAL EXPENSES	Increase>> I	1 .0%	I	1.0%	I	1 .0%	I	1.0%	I

Burden %	I'	2.3%	12.8%	25.5%	22.8%	22.8%	22.8%	22.8%	22.8%
Golf Operations Expense	$	27,51 0   $	25,715   $	21 , 238   $	25,856   $	26,114  $	26,375    $	26,639   $	26,906   $	131,890
General  & Administrative Expense	$	204,541    $	156,503   $	147,348   $	1 60,674   $	1 62,280   $	163,903   $	1 65,542   $	167,198  $	819,597
Management Fee or Accounting/Oversight	$	$	$	$	96,000   $	96,000   $	96,000   $	96,000   $	96,000   $	480,000

s

Golf Course Maintenance Expense	$	1, 124.493   $	1 ,313,207  $.	1 .205,350   $	381,416  $	385,230    $	389,082   $	392,973   $	396,903    $	1,945,605
Food and Beverage Expense	$	23,965  $	25,722   $	30,632   $	35,293   $	35,646   $	36,002   $	36,362	36,726   $	180,030
Sales and Marketing Expense	$	$	$	$	1 2,560   $	12,686   $	12,812  $	1 2,941   $	13,070   $	64,069
Golf Cart Lease	$	$	12,513  $	18, 128  $	$	$	$	$	$

s

Taxes - Real Estate	$	"I	'$'	$	66,743    $	67,000    $	67,670    $	68,347    $	69,030    $	69,720    $	341,767
Insurance - P and C	$	26.142    $	11,291  $	53,000    $	53,530    $	54,065    $	54,606    $	55,152   $	270,353
TOTAL OTHER OPERATIONAL EXPENSES	$	1 ,380,509   $	1 ,559,802   $	1 ,500,729   $	831,798   $	839,156   $	846,588   $	854,094   $	861,675   $	4,233,311
TOTAL EXPENSES	$	2,060,747   $	2,069,790    $	2,061 ,554   $  1 ,692,535   $  1 ,708,500   $  1 ,724,625   $  1 ,740,912   $ 1,757,361   $	8,623,933
EBITDAR	$	(495,489)  $	(536,209)  $	(474,721)  $	4,101   $	39,034   $	75,335    $	77,049   $	78,779    $	274,299
CUMULATIVE EBITDAR	$	1   $	2   $	3   $	4,104   $	43,138   $	11 8,473   $	195,522   $	274,302

OPERATING MARGIN	� -28%

-	-29%	-25%

0%	2%	4%

4%	3%

2019 LAGC Consulting Budget v2	Prepared by: Billy Casper Golf

2020g�t�ER	" :

. BILLV	Ci)	Lake Ashton GC
GOLF OPERATIQNS�XPEN§;
GOLF OPERATIONS	I	I	31	I	,.	I	l1	I	JO	I	,,	I	JO	I	"	I	�1	I	$0	I	31	I	;o	I	,,	I	365

•

GLCOOE	Ja.n-20	Feb-20	Mar-20	Apr-20	May-20	Jun-20	Jul-20	Aug-20	Sep-20	Oct-20	Nov-20	Dec-20

Salary L:;ibor	Months
- Hl!!ad Praf!:ssional	12

Ann.Salary
45'".000

5101-50 S	3,822    $	3,452  $	�.822  S	3,699 S

3.699    .S	3,m  s	3,822  .S	3,699   $	3,822     S	3,699   S	3,822    S	45,000

Hourlylabor
-Golf Shop Attendant	!.L...3@
Hoursperday

5209-50  .S	1,590  .$	1,436   S	1,590   $	1,539  $	1,590   S	1,539   S	1,590   S	1,590  $	1,539   $	1,590   S	1,539   $	1,590   S	18,725

743 .S

�	5.7	5 1	5,7	S.1	5 7	S.1	6 7-i7

5	5]	5.7	5.1

- RangeAttendant	�	5213-50  $	767  $	693   S	767   S	743   $	767 S

767  S	767 $

767    S	7,:3  S	767  S	9,034

Ho1.1rsperday	30	J.O	3.0	:;.o	, o	,.o	2 0	J.O	1.0	J.O	3.0 	30

�	$

0.0

8 0

Hours perday			1.0	8 0	80 	6.0		
- Course Advlsors	cc:::::§J	s2,S--SO s	1,279 S
5 0	1,155   $	1,279 S	495 S	OD  •	0 0  •	0 0   s	o.u   s	o.o   s	0.0   $	1,238   S	1,279 S
s:o	i.o	
Houni perday

Total Direct �bor Expense		---
s	9,504 S	---
e,ss4  s	9.504 $	---	---	---	---	---	-	---
7 960    S	6,179  S	5,980   S	6,178   $	0,179  S	5,980  S	6,179  $	8,198  $	9,504  S	
- PayroD Tax�s	f	10,5%[	5502�50  $	998   S     ---901    S    --99B   S     --8-36   S     ---649    $    --6-28   S    ---	---     $     -     628   S     ---649   S     ---	---
649	966   S	998 S	
TOTAL GOLF LABOR	1D,502 S	9,486 S	10,502  $	8.796 $	5,828   S	6,608   S	6.B28   S	6,828     S	6,605   S	6,828   S	10,163 $	10,502 S	

-Starters	5214-50  S	2,046	1.848  $	2,046  S	1,42.5  $	s	•
0 0	00 

$	s

0.0    s	0.0    s	1,9.'8..0   S	2.046   S	11,451

5 0	5.0	2.0

6,724
---
90,933
--9,548
1D0,481

•	s	s

s	s	•$

Golf Oeerations Other Exeenses	Jan--20	Feb-20	Mar-20	Apr-2.0	May-20	J1.m-20	Jul-20	Aug-2.D	Sep-20	Oct-2.0	Nov-20	Oec-20	TOTAL

UtKitics - Electric	6001-50  $	s

•	s	$•

$	s	$	s	s	s	s

Utllele-s • Gas IPropane	6002.SO S

H3   $S	Hl2   S	201    S	232   $	134   $	143    S

126   S	126   S	148   $	1-48  S	148 S	1.874

Utilities    -WaterfSewer	6003--50 S

Phone-Telco Servk:e	6005-50  S
- Utiffties- Electnc-1L1SER)flt � GOLl" CMnOHL'f}	6006-50  S

Supplies	6101-50  S	1,000  S	s	$	s	$	$	1,000  S	s	s	$	s	s	2.000

Phc-ne-Cell	6004-.50  S

s	s	s

•$	s	•	s	$	•	s

$	•	$	s	s	$sss

•

s

Supphs- Cleanll'Q	6102--.50  S	s	•	$	s	$	'	s	$•	s	$

s	s	390

Supples-   Otrice	6103-50  S	65   S	•

s	65   $	$	65 S

65   S	$	s

s

SuppWes-  Locker  Room	6104-50   S	s	•	$	s	s	$	$	s	s	$

s	•	$	s	s	$6201-50   .5	s-Bu Jdlng Maint& Repair

6202-50  .S	•	s	$	•	s	•	$-Equi;,ment Malnt & Repalr- Fix:

$	s	s	s	s	s

Pro Shop SuppDes and Frxturts	6105-50   .S	s	•	$	$	s

-Suppjes- Scorecards & Pencns	6113-50  5	s	1,800  S	s	$	s

s	$	s	s

s	, aoo

•

s

$

•

s	•
-Equipment  Malnt  & Repalr- Preventative	6203-50    $	s	s	•	•	s	s	•	•	•

$Licenses, Fees & Permits-		•

•

Cart  Repairs	6204-50   .S	•	s	$	•	s	•	s	$	.s	•

s	$	•

6301..SO S	s	s	$	s	$	$	$
-Softw.:,re	6303-50   $	$	s	s	$	s	s	s	$

s	•	$	s	s	s	$	s	s6401-50  $

s	•	s	s	s	•	s	s	s$$

legaVAceountinglProfessional	6307-50  $	•	$	s	$	$	s	s	$	$	s	$	t
-Special ProjectManagemen1 Fee	6311-50	t

.. s

$	s	s	s	$	s	•	$

-Towel Service	$	$	s

-PestContro�S	6406-50  S	66   $	66  $	66  S	66   $	66  $	66  S	66   S	66   S	66   $	66 S
Securtty	6407-50   S	$	$

66  S	792
s

s	•	$	s	•	•	ss$	ss6601-50  S- Education

$	s	$	s	sss$

Unen/l.aundry-Goll	6409-50   S	$	s	s	s	$	•	$	s	$	s	s

s	$	s	$	•	$	s	s	s	s$6602-50  S- Employee Meals

EmployeeTesting- Hiring	6603-50  S	s	$	s	s	$	•	s	s	s

- rrSupport	6501-50  S	s	$
-Relocation Expense.	6604-50   S	s	•	$	s	•	$	$	s	s	•	•

'	s	s500   S	s6607-50  $-Uniforms

•

s•

-Trainfig / StaffDevelopment	6605-50  S	s	s	$	s	s	•	$	$

s	•	•

-Travel I Education	6606-50   S	s	s	s	s	s	$	$

$	s

s	$•	•s 	500

s	•	s	s	$	s	$•s6600-50  5	$-Help Wanted Ads

-ManagementTrave  (On.site Staff)	6611-50 S	•	s	$	s	s	s	s	s	$	s	s

•

-Vehicle MHeage Expense	6608-5D  $	$	s	•	s	s	•	•	$	s	s	$

-Golt Cart Rental	6802-50  $	•

-Equipment Rental	6801-50  S	•	s

•	s	s	s	s	$	s	$

s	s

ss	s

$

-Gas' Diesel-(USE� GAS GOLF CAIUS ONlY)	7205-50  $	$	•

s	s	s	s	s

8009-50  S	•	$	s-Colla�raVPrint:if'lg

-Ad11ertising (f>rint)	8001-50   S	•	•	s
Chamberr Organi:?:�;tloo.al Dues	8012-50  S	$	150    $	s	-   •	•

s	.s	s
s	$	s	$	s	$	s

150

'

-Special Promotions / Events	8013-60  S	•	•	s	•	$	•	s

600   S	•

-Subscriptions	811�0  S	$

s	s	•	s•	s	s

-Mi�enaneol.lS	90()().50 S	$
Driving Range SoppOes (Barts. Mats. Dividers. etc)	9001-50 S

s	s

-Handicap	9002-50   S	s	1.000  S	$	750 S

s

$	2,000   S

••$	$

$

s	s	2.000   $	$	s	s	4,600

s

s

s	•$

$	s	$	$	s	1,750

i	•	s$s9004-50  Sse	•

-PuR Carts	9003-50  S	s	•	$	s
Shipp!ng - Merchand

s	s	s•	..••

-Toumaments & Events	9006-50   S	1,000 S

s	•

1,000 S

-S ster Clubs	9005-50  S	s

,,ooo   s	1,000   $$	s

1,000   $S	1.000   s

1,000    S	1,000   •S	1,000    S	1,000    $	1,000    S	,,ooo  •s 	12 000

$	$	s	s	$

-Fl!dex I Courier	9017-50 S	$

Postage     (Golt)	9009-50   S	s	s	•

s	.s•	$	••	s	�•

-

---

s•	•

-PromotionalAccounts	9010-50 S

---

s

---

---

s ---

s

- $ ---

s  ---	---	---

s - -

TOTAL GOLF OPERATION EXPENSES	• --3-,374   S	4,208   S   --1-,332   .$	4.048   $   --1-265    S   --1-,209   S   --2-,265    S   --1-,192    $    --3,257   S	1.214    $   --1,-279   S   --1-,214    $    --25-856
TOTAL GOLF LABOR ANO OTHER EXPENSES	$13,876	$1:J,694	$11,834	$12,844	$8,094	$7,817	$9,094	$8,020	$9,865	SB,042	S11,442	$11,716 .S	126,337

•

SILLY CASP!;R GOU=

GOLF COURSE MAINTENANCE

�I P-ays tor Month =	>!	31 	I

--

GLCOOE	Jan-.20

LakeAshton GC

,,

GO�F�QJ,,!RSE MA!f-STENANCE �PENSE
I	31	I	JO	I	31	I	I
Feb-20	Mtir-20	Apr--20	May-20	Jun-20

31	I	31	I	30	I	31	I	30	I	31	I	365
Ju1.20	AUg-20	Sep�20	Oct-20	Nov-2.0	Dec-20	Tobi

Labor
-Manager-Superintendent

-Assistant Superintendent

Crew# 1

AnnSal/Hrly

s 50,000

12	s   80,000

Dally Hours

Salilnl

,

Sa.l.a.ry

5007-60  S	6,70.5  S
510(-60 $	4,247   $

5220-60 •	2,650 S

6,137  S	6.795  S	6.575  S	6,795    S	6 575  $
3,836   S	4 247   S	4,110  S	4,247    S	4,110  $

2,393    $	2 650   S	2,564  S	2,650  S	2.564 S

6,795   S	6,795   S	6,575  S	6,795    $	6,575   S	6,705  S	80,000
4,247   S	.¢,247   S	4,110  S	4,2.¢7     S	4,110  $	4,247    $	50,000

3,374

$

39,72.s

2,650  S	2,650  S	2,56-'  S	2.650   $	2.564   S	2,650  S	31,200

-SprayTechncii,n

1	12 

s	15.00

8..0.

522 1--60 S

$	3,048   $	3 374    S	.3,265   S	3,374    $	3,2fl5 S

3,374   S	3,374    S	3,265 S

3.265   S	3,374 .S

-Asslsta.'ll Mechanic

1	12

1	12

1	12

s	19.10
$	12..00

8.0

5223-<i0 S
5227--60 S

3,374
2,120 S

1,915    $	2,120  S	2,051  S	2,120  S	2,051   S
1,915  S	2,120  S	2,051  S	1,120  S	2,051  S

2,120  S	2,120  S	2,051  .S	2,120  S	10:IB  S	$	21,814
2,120  S	2,120  $	2,051  S	2,120  S	2,051   S	2,120 -$	24,960

-Foreman
- Groundskceper l
-Ground:sk!:eper U- lightE,quipmerit

1	12
3	12
10	12

$	12.00
$      11.00
$	9.50

,.o	5228-60  S
,.o	52'29-60  S

2,120 S
5,830 S
8.,391  S

5,265   S	5,830  S	5,642.  S	5,830  $	5,64:2  S
7.579  S	a,Je1  s	8,120  S	8,391  S	8,120 S

5.830    S	5,830  $	5,642   $	5,830   S	5 642   S	5,830  S	68,639
8,391   $	8,391   $	8,120  S	8,391  S	8,120  S	8391  S	98,799

-Bonus Pool

19
10.00%

superintendent	5501-60 S --

s -- ' --

' --

' ---

' --

' --- s --- $	'

- s --

s  --8,000   S   --8,000

Total Direct Ult>or Expense	..

35,526 S

32,088   S	35,52:6   5	34,360   .S	35,526   S	34,380   S	35,526   S	35 526   S	34,380   S	35,526   $	33,354     S	41,406  S	423,139

- Payroll Tax-es	c:=Jllil
TOTAL GOLF COURSE MAINTENANCE LABOR

G9lf£9U(St Malnte11ancc Other Expenses

5502-60 S

--J.73-0   S
39,256    .S

Jan-.20

--3,36-9   S    -3-,730   $    -J-,s,o  s	3,730   $     -3-,610   S    -3-730   S    -3-730   S    --3,61-0   S    -J-,730   S     -3-,502  S    -4-,34-8   S

...

35,457  S	39,256   S	37,989    S	39,256   S	37,969    !,	39 256   S	39 256  S	37,989   S	39.256   S	36,855   S	45,753   S	467,568

•

Feb-20	Mar•20	Apr-.20	May-.20	Jun-20	Jul-2.0	Aug-2.0	Sep-,20	Oct-20	Nov-20	Occ-20	Tobi

-lY.ilities •Water ISewer

6003-60 S	600 S

600   S	600  S	600 S

'	600 S

600   S	600  S	600  s	600  S	600  S	600  S	7,200

- Phone-Cel
Phone-TelcoService
Ulilifi"es-Ele-:tnc-tnigation
-Wm.er-Irrigation

6004--60 S	180  S
6005-60  $	s
S0:07-.60  S	BOO S

•

6008-60  S	800  S

180  $	,so  s	,ea  s	180  S	18□ S

.

s	s	s	s
800  S	1,000  S	1,000    S	1 600  S	1,400 S
800  $	800  $	1 200  S	1,000  S	1,000 S

1110 S	1B0  .S	180   $	180   $	180   $	180   $	2,160
s	$	s	$	$
1.400  $	BOD S	800  $	1,200  S	1,200  $	1 200  S	13,200
1 200  S	800  S	800  5	800  S	1,390  S	1,200  S	11,790

Supples-Clea.,lng

6102-60  S	- •

Supplies

- Su;ip!es • Office
-Suppl/�. Landscape

6101-60  S	250   Ss

'800   $s	$	s

s	'	aoo	'	s	$	1,600$			 .

6103-60 S	s
6106-60 S	s

250  $	250  $	250  S	250  S	250  S

'	$	'

3 910   S	1 630   S	1,050  $	1,500  S	'

250   S	250  S	250  S	250  S	250  $	250  $	3,000

•

s	'	•	500  5	s	$	14,110

- Suppli6- Course
-Supplies - Shop

5107-60 S	5,520 S
6108-60 S	$

s	'	•	•	•'

s	s	$	s

.

'

s	s	s

s�	s

Buidhg Malnt& Repair

EquipmenlMaint & Repair- Preventative
-Irrigation Repairs

-EqufpmentMaint& �epBlr-ft(

6201-60  S	$

6203�0   $
620�  S

$
7,s5o0   $

8202�0   S	3,000 .S

$

'	'

750  S	75D  $	750   S	750   S	'7:50 S
!!50    S	850  S	8S0  $	850  $

3,000   sS

3,000    $	3.000   $	3,000  $	3,000  $

s

$	s

3,000  S	3,000   S	3,000   $	3,000  $	3,000   S	3,000  S	36,000

750   $	750  S	750   S	7:50  $	750  $	7:50  S	9,000
850   $	8S0  S	850   S	850   .$	850  $	850  S	10,200

s	s	s	s	$

$

"" $

-R&M - Lake Maintenance
-Licenses, Fees & Permits

-Outside S&Mces
-Wasu Rem0val -Grten Wa�

6402-60  .$

6207-60  $
6301-60  $

6403-60   $

700 $

s	700   •S	s

700   'S

s	700  $	s	700  S	700  S	4,200

s

'	$

-

-

'

'

s	s	s

Garbage Removal

i

-PestConlro
- Comp<.JterSupp�es/Equ pment

6405-60 $	$

'

6406-60 $	$
6502-60  S

s	s$	s	s'	$s

•'	s•	$•

s

s

•

InternetAce�IVPN
•Education

Annual Meeti"lg Costs

6504-60  S	278  S
6601-60 S	s

278  S	278   S	278   S	278   sS	278   S

278   $'	276   $'	278   •$	278   Ss

278  S	278    $	3,336
$	s

Employee Me$
EmployeeTem;;i -Hiring
-Travel/ Education

6602.SO  S	,oo  s
6603-60  S	$
6600-60  S	s

100  S	100  $	100  $	100  S	100  S

ss	 s

$	$	s	s
s	•	•	s	s

100  S	100  S	100  !,	iOO S	100  S	100  S	1,200

s

70   S		""70   $		70   $70   570   S	70   $

s	s	$	s	$
s	s	•	s	s	s

-Tf1!J�ing ISta!f Development
-Unifonns
-Vehk:111 MIJea�e Expen$0

6505-60  S	50  S

s

5607-60  S	70  S
ssos-eo s

so  $	50  S	50  S

s

'

70   sS	-7D   •	70   'S	70   'S	•

50  S	50   $	50  S	so  s	so   s	so $	600

'

-

s	•	•	•	s	,.

- Help Wanted Ads
-General Chenwals

6609-60  S	100  S
7000-60  S	s

100  S	100  $	100 .S	s	$
$	$	$	$

s	s	$	s	$	400

'

s	s	$	$	s	s

- Chemicals· Hefbad�

-Chemk:als- Fungieides
-Chemic:als.- lnsectlcld�

7001-60 $	500 S

•

7002-60  S	s

7003-60  $

500   S	500  S	500  $	500  $	500  $

s	1,500  S	2.500  S	2,500  S	2,500 $

s	s	s	25.000   $	1,500 $

500   S	S00   S	500   S	500   $	500   S	500   sS	6,000

2,500   $	2 500   S	1,500  5	1,000  $	$

16,500

1,500   $	1,500  S	1,500  S	s	s	J:1,000

-Chemtc:as-Growth Regulators
- Chemk:als-Wetting Agents

7D0l-60 $	280 .S

'

7005-60 S	$

s	2SO  S	s	1,816  $	1,525  $

$	•

s	1,000  S	s	1,000  $	1,000  $

1,816  $	1,526  S	658  S	'	'	s	7,920

1,000  S	1,000  S	$	•	'	6,000

s

$	$	s

s

1,000 $

- Chemk:als-1.3"-es
•Chemicals- Misc

7006-oO S	s
7D07--60  S

s	s
$	$	s	$

'	s	s	s	s

I	�•

7009-60  S	2,000 S

4,000   $	4 000   S	4,000   $	2,000   S	2.000   $	2 0e0o0o  $	38,000

- Fertii;::er-Fairways/ Roughs

7008-60 $	$

16,000  S	s	16 000  S	s

'	s	s	16,000  S	•	$	48,000

- Fertilizer-Greens

2,000   $	4,000  S	4,000  S	4 000   S	4,000 S

- Fertilizer-Tees

7010-60 $	600 S

500   S	7-50      S	s	750  S	s

•	•	s	t,000   S	600   •S

$	4,900

•

$	12,5:00 !,	s	12 500  S	s

1,000  $	s	$	fl,200    S	$	$	34,200

s

- Pre-Emergcnb; (Fairm,ys Rough$, GreeM,Tees.)

- Fertilizer- Landscape

7011-60 S	s

$	s	$	s	s

'	s	$

-Soil Amer.dment.s

7013-60  S	s	$

s	s	s

s	'	s	$

7012-60 S	s

7102-60  S	s

-Sand-Bunktrs

7101-60 S	s	'

$	$	$	s	'	s

- Sand-Top Orts.sing (Gruns, Tees. F3irw�)

-Set'd
·Sod/ Sprigs
-Water/ So31esting

7103-60 S	s

7106-60  S

7104-60  S	s

•

7105-60  $	s

s	$	$	$	$

•	$•s

1 000   $	1.000  $	1,000  $	1,500  S	1,000 S

'

s	$	$

s	•	ss

$

1,500  S	1,000   S	1,500  S	1 000  S	1,000  $	$	11,S00

s	s	•

•

s	$

•

s

$	$	$	I	s
s

•	s

-W�erMonit.cnng
Drainage Materials

7107-60  $	s

s	$	$	s	s	$

s

s	'

600   S	'	•	'

$	s

s	•s

s

$	••

-Oil/lube
-Safety Equip111ent
-Audubon

7201-60 S
no2-60   s	100 $
72�0  $	$

s

•

•

2 100  S	2 600  S	2,600  S	2,800  S	3,600  S

s

s	100   $	s	100  $	s
s	$	$

600  S	s	$	600  $	$	1,800

'

4,600   $	4,800  S	3,600  S	3,800   S	2,500   S	2,500  $	38,000

100   •S	s	100   S	$	100   $	s'	600

s	s	s	s

7205-60 $	2,500 $

-Aerkation

no.c-so  s	$

'	s	s	5 000   S	•

5,000  S	s	5;000   S	'	'	$	15,000

'	'	$	s	•	$

-Gas/ Diese

-Common Area Maintenance

7206-60  S	•	- '

•

- Chamber/ OrganiZalional Cues / Turf Net
-Miscellaneous

8012-60 $
9000,.60 $

$	$	s	$	s

- Cc-Hatteral I Ptnling

aOOS-60 S

1,150  $	s	s	$	500 S

-   '	'	'

s	'	$	1,660

-Small Equipment/ Hand Tools

9007-60 S	5()0 '

s	$	500  S	s

s	s	500  S	s

--

s	1,500
s

-Startup

9513-60 S

-- s

-- •

-- s -

s -- s

-- $   -	s

- • -- '

-- s

--	-- $ --

TOTALGOLF COURSE MAINTENANCEOTHER EXPENSES

-20,53-8   S

19 698   $     -50-,59-8   S    -2-0,87-8   .$

-8-4,89-4   S    -24-,65.¢   S

-32-,9.¢4   S

-25-,154   S

-29-,084   $    -42-,128   S

15 718  S	14,128 S

'

-

-381,-416

-

TOTAL GOLF COURSE MAINTENANCE LABORANO OTHER EXPENSES

59,794 $

SS,155  S	99,854  S	58,867  $     124,150  S	62,643 S

72,200   $	64,410  S	67,073   S	81,384  S	S-3,574 $	59,881   S	848,984

. BI LLY � CASP�R - GOLi=

FOOD AND BEVERAGE

!Total Days for Month

>I

GLCOOE

31

I

Jan-20

Fe2b-82O     I

Lake Ashton GC

FOOD AND BEV�G��Pl;;NSES

I	I	I	II

31	30	31	JO	31
Mar-2O	Apr-20	May 20	Jun-20	Jul-2D

31	30	31

I	II

Aug-20	5ep..2O	Oct-20

I

Nov-20

357  $
3,754    $

O.C.20

I	365

12- Manager- F&.B_    --

S3laty Labor	Months	It""���I

--•

50Q8..SO � S

3058 $

J,397   S	J,2M   s	.   �s�   3,288   s	3,3"7    S

3,397   S	3,288   .S	J,397     $	3.2M •	3.3117  S	4(),0<)()

- Payroll  Taxes	I	,o.S-kl

--  -- --	•	357   $

322 S

357  S	345 S

357 $

345    S	357 $

357 5

J57   S	345 S

,,200

Total Salaried Ulbor • F&S	--	-----
Hourlylabor

-	• -3-754- $

-3-,391    $

S

-3-,6J-3   S

-3-,754- S

-3-,633- S

-3,754    $

3,754   S	3,633  S	3 754   S	3,633 S

44,200

�

Snack Bar Attendant
Hwrsperday

Total Hourly Wlbor Expense
Payron Taxes	I	10.5%1 TOTALHOURLY LABOR

EXPENSES
Utilities - 8�fc

s	4,650 S
150
s	4,650    S
s	488    S
---
s	5,138 S

Jan-20

$•

6001-80   $	$

4.200 $ 15,0
4,200   S
--4'1    S
4,641   S

Fe�20
s

4,650   $	4,500 $
15.0	15 0

---

4,650    S	4,500    $
-488    $    --473    $
5,138  $	4,073    $

Mar-20	Apr20
s	•

4,650 S
15 D
4,650  $

--- ---

486   S
5,138  $

May-20

••

•

4,500   S	4 650 S
,�o	1so
4,500   S	4,650   S

4,973

.$

473     S	488  S·
5 138  S

Jun-20	Jul-20

$

$	$

4,650	4,500   S	4,650  S	4,500  S	4,650    S	54,750

$

15.0	15 0	1so	1S O	\5 0
4,650    $	4,500    $	4 550   S	4,500  S	4,650    S	54,750
46-8    $     --47-3   $.     --488- $     --473- S     --..-.  s   --57-49
5 138   $	4,073    S	5,138  $	4 973   S	s,ne  s	60,499

Aug-20	Sep.20	Oct-20	Nov-20	Dec-20	TOTAL

•

s

s	s	•	$

-Utilities - Gas/ Propane

6002-60   $	1150 $

160   S	160   S	160 S

160   $	160   $	180 S

160    S	150   Ss	160    s$	160   $	160    $	1,920

Utilltles- WaterISewer
Phone -Cell

6003-80  S
6004-80   $

$

s	s	s
s	s	s

s	s
$	$

ss	s	s

PhOne-Telco Service
-Supplies

6005,..80
6101-80 $

1,000 s

$
1,000   S

s	s
1,000   S	1,000   S

1,000 $

1.000   5$	1.000   $S

•

so  s

s	s	s	s
1,000  S	\000    S	1,000  S	1.000 S

1,000  $	12.000

$

Supplies - Cleaning

6102-80  $	50    •$

$	50    S	s

50   S	s	•	s

s	50    S	$	300

Supplies - Office

6103-80 $

s	s	s5	5	s	$

$	s	ss	$•

Supplies- Course

6107-80 $

500 S

$	500   sS	500    S

500 S

500   5s

500 S

500   S$

500 s

500  S	500   •	S00  $	6,000

-Supplies - Paper and Plastics

6109-S0 $

s	500   S	s	s

5	s	s

$	$	s	•	$

SUpplles-Banquet
Supplies- Sa,
Supplies - Kitchen
BU:ld ng Maint & R�ptlir
Equipment Mafnt & Repa r- Fix
E�pment Ma:nt & Repa r - Ptl!Ventatlve
Uunses, Fees & Permits
Bank Fees

6110-80 S
6111-80  S
6112-80   S
6201-80    S
6202-80   S
6203--80   S
630i-80  S

•

6303-80   S

500   Ss
s
500   S
s s
s

500   •$•

••

500   •S
s

500    $	500   S

'

$

$	$$
500    $	500  S

•

$	s

$$

•

$

$	$
$

500   S
s s
500   S

s

s
s
s

500    S	500    •S
500  S	500  S

s	s

s	323    sS
$
s	s

500   s$	500   $	500    S	500   S	500   $	6,000

$	500    S	500    S	s•

S00    S	500   s	s	s	500   S	6,000

5

$	$	ss•

$	$	s	s	s	323

s•	•••

$	$	s	s

ss	•

$	s	s•

Finance Charges
Credit Card Fees
Legal IAccounting / Prcfessiona

6304-80    S	s
6305-80  S	5	s
6307-80     S	s	s

$	s	$	s

$

$$

$	ss

$	s
s	$	s

550   $	$	$•	s	s 	550

s	s	s	s

$	5

Liquor License

6312..SO   S	5	s

ss	•	$	$	s

s	$	5	s

Payroll Processing
Employ� Testing . Hiring
Relocation Expense

6J660i34-,8-SO0 sS	5	s

6605-00 $

$

•

5

s

66-04-&)$	s
s

s
s	$

$	•

150 S

$	50 S

5	5	$	$
s	$	$

•

$	$

$$	100

-Training / Staff Development
-Travel / Education

6606-80 S
6€07-80 S	150 !

ss
150   S

150    sS	150   $$

150 $

150  $	$

s	s	$
,so  $	150   S	,so  s	150   $	150  $	1,800

-Uniforms

6608-80  S	$

s	5	s

$	$	$

s	s	$	$	$

Vehide Mlle-age Expense

660S-00   S	$	5

s	s	$

s	$

$	$	s	s	$•	$	s

s

Help Wanted Ads
Managemen1 Travc! -On5ite- S:;rt"
Equipment Rental

6611-80   S	$	ss	$	s

$

$

•

$	s

6803-60  $	s	s	s

$

$$

•

•

$

$

•

$s

$

s	•

$	$$

s	s	s

�

s	s	$
5	s	$

PortabfeToll�
-Tent Renta

69900005--S8O0  S•	s	$$	s	s

s	5	$	s	•

6a01-B0  S	$s

•

s

Miscellaneous

9009-80    •	•	•	•	s	s	s	$

$	s	$	'	s

PostaQ!:

s	$•

Promotional Accounts

9010-.ao S

$

s

•

9012-80  $	$

$	$	ss

$

s	s	$	$

s

s	s

s

$	s•	s'	•s

$

Decorattons
Entertainment- Dutside

•

•

$

Glassware/ China / Sil verware

901�0  $	$	s	$
9014-80    $	s	$	s
9015-80   $	$	s	s	s

s	s	•	•	s	s

$

s

s	f

•

s	s	s	s	s	I

Member Discount
Propane

9016-80  $	25   5
9017-80   S	s

25 S
$

25   $$	25    $

---

$

25 S
s

25 S

---

s

25   •	25  S	25  S	25	300

35,293

---	---

$	$	s	s

Fedex
TOTAL FOOD ANO BEVERAGE OTiiER EXPENSES

--	---
s    -2-,88-5   S	:2.835    $

2,885 $

-2-,835- .$

---
-2-,885- S

2,835 S

---
-3-,25-8    $

2,885 $

---	--- --
2,835   S     -2-,885- S     -2-,835- S

---

TOTAL FOOD ANO BEVERAGE - LABOR AND OTHER EXPENSES
2019 lAGC Consulting Budget v2

$	11,m s

-	-	--

10,867 S

11,m    s	11,440 $

11,777 $

11,440    $	12,150 S

12.,327     S	11,490   S	11,727    S	11,490   S	11,727     S	139,992

Prepared by: BillyCasper Golf

.....,

. BILLY	LakeAshlen GC
CASP£R

30

cou:	�	GENERAL AND ADMINISTRATIVE EXPENSES

GENERAL AND ADMINISTRA11VE	Total Days per Month	,	31	28	31 	30

31	31	30	31'.'

30	31	3650

Enle, P•Y,oll  n:.i.  or

10,.$'.'I.	10..5"/o	10,s'i\

Mo..nlh _,

1D.��t.	10.S'Si,.	lJ).S"	10.s�"'	'1.0.S�ta	1CU�,♦	-,1,1_:5,•.4_	10,.>•,·	10.s1.

-S-aGJ�ary-erLala,-bMoarnager / DirectordGoll

Mo1nths.

'AnnSa8l/0H,0r0ty0

Dally.,,.,Hours

..Salary/	GLCOpE	Jan-20	Fcb-20	Apr-20	May-20	Jun-20	Jul-21'.l	Aug...20	Sep-20	Ocl-20	Nov-2D	Dec-20	TOTAL

5001-70 S	6 795   $	15,137   S	6,795   S	6 575   $	5,795   1i	6 575   S	6,7135   S	6,795   $	8..575  $	6,795   S	6,575  S•

t:?95    .$	80,000

- Bonus Pool	,2s..00•4	General Manager	5501-70 $	•	s	•	•	$	$	s	s	s	•

ll,000   $	1.2,000

6,575 S	6,795 .$	6,575 $	6,795 $	6,795 S	
5,734 S	5,734 $	5,734 S	5,73-! $	5,73A S	

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

Totat Direct Ulbor Expe-Me

"of Peope

Ne.tCost

$	6 795   $	6 137  S	6 795 S

6,575 S

6.575   $	18,795  $	92,000

- Benefits	I�I�Per Mont9h10 ramily Coverage	3	5503-70  S	5,734   S	5734   S	5734   S

TT

I

5,134   S	s,n4  s	5,734   $	5,73-t $	68,80S

-Payroll Taxes

I--"-10.-s-,.r

349	lge
482 Employee+ ChUd(ren)

5502-70  $    --713- S    --644- $    --71-3   S    --69-0   S    - 713- S	690  S    --71-3   S

--71-3   S

--69-0  .$    --713   S

--690- $

-1,973  5    - 9,660

-.. 1-,..,,_,__ -,-

TOTAL GENERALAND ADMINJSTRATIVE LABOR	s	13,242  S	12.515 $	13242  $	13,000  .$	13,242  S	13,000  S	13,242  S	13.242  $	13,000  $	13,242 S	13 000   i  26,502  5	170,468

Gen�r3Ij:!ndMmlnlatrativeOther E�nses	J;:m-.20	Feb-20	Mar-20	Apr-20	May.,20	Jun,20	Jul-20	Aug-20	Se�O	Oot-20	Nov-20

TOTAL

- Utilities - El�ctric

600021--770  S

2,554    S	m  s	5,527   $•

4 562   •S-	5,137  Ss

6,005   $•

3,215 Ss

4,058   S•

4,509 $

4,002  •S	3 596   sS	3 322   sS	47,348

6004-70 $

-• UUttiilliittieses-- WGaasteIrPIrSoep,awener	6003-70  S
Phone• CEIi

s	s

351   $	390  S	390  S	410   .S	350   S	270   S	350   •	328,oo  Ss	S	4  43

2BO  S	267  S

32B  S	328	0
100  $	100  S	100  S	100  $	100  S	100  S	100  $	100  S	100  S	1,200

Phone-Teloo Service	6005-70  S	41050  $S

100 S

450   $	450  $	450  $	450  .$	450   S	415500   S

415500  S$	41500  S

4150  S

450   S	5 400

- Supplies	6101-70 S	150 S

4150   S	150   S	150   $	150   S	150   $	150   S

150  S	1,800

- Suppfles- Cfeaning	6102-70  $	100  S	s	100  S	$	100  $	s	100  $	s	100  S	•	•	•

500
3

•

$	s

•

•

•

- Supplies - Office	6103-70  $	350  $	350  S	$	350   $	350  $	350  $	350  $	350  S	350   sS	350  •$	350  sS	•

850

6107-70 S

Proshopsupplies and fixtures	6105-70 $

-Ueens.1!$, F� & Pe!mts	6301-70  $	120   $	s	s	s	$	250  $	500  $	s	s	$	s	s 	870

Other Operating Supplies

s	$	$

•

s	$	$

$	s	ss	s	$	'

3uilding Maint &. Repairi

6201-70  S	300  S	�00 S	300  S	300  S	300  S	300  $	300  $	300  S	300  S	300  $	300  $	300  S	3 600

- 401K Expense	6302-70 $

1eo   $s

s	s	s
$	180 $

$	s	s

180  $	180 S

180 S	2.160

Bank Fees

6330034--70  $

,ao  s	180   S	180   sS	,so  $	$

160   $	,ao   s	180   sS

$	s	$

Finance Charges

6305-70 $

s	s	s

2.250  s	2.250 •	2.250 $

$	2	s

2 250  S	2250  S	2,250   S	2,250   S	27,000

-• CUrseedTitaCxard Fees

6306-70 $

2.2250   •$

2,2250  •S•

2,2250   S	20   Ss

20 S	20 •

2,22500  S•

2250  S	20   sS	20   S	20   •$	20   •S 	258410

legal fAccountingI Pro!essi onal Fees fAnnual Facllfty Audit	6307-70 S

920 $	920 S

292580   S	920   S

s	s	s	392203  $

s
920    S	920 S	11.416

Payrol l Processln.g

56430214-•70  $	•	•

1,296 Ss

920   sS	920  $

$	$	Q20   sS	•	s

-- oCl.urtt:s:"fhdoeusSeerCvilceesanlng Service	6404-70 $	,,ooo  $	1,000  S

s	s	1,000   S	1,000   S	1,000  $$	1,000  S	1,000   $	1,000   S	1,000   $	1,000  $	12,000

Garbage Remova	6405-70  S	450   S	450 $

1,000  S	1,000 S

.:so   s	450   S	4150   $	450  S	4150   $S	4150   S

45/J S	,so  s	5,400

-PestControl	6406-70 S	,so $	150 $

4,s5o0  S•

41550   S$	15'0   S	150   5

$	150 S

150  S	150 S

.31,,80000

- Securty	6407-70  S	250   S	250  $	:zso  $	250   $	250   S	22550   S	2500  S	225500  $•	2250  S

22550  S	2250   S

250 5

3,000

113   •$•

IT SupportIAnti Vlrus ICtash Plan I Caspernet Acce,sI Off SiteBack Up	6501-70  S	250   S	250   '•

250  $	250 S$

$

250 5

s	•	•	s	s

250   Ss	2,000

6503-70  S	s

Computer Sup;>!ies f Equipment	6502-70  S 	2.000
Software

s$	113   s$	••

s	s
s	113  $

s	s	s	113  S	454
s	10) $	$	s	s	(0)

6505-70  S	167 S

InternetAccess I VPN	6504-70  S	s
-1\fI Cable or Dish

167  $	167  $	167 $

s	$s

s	$
167   sS	167  S

167   $	167  $	167  S	167   '$	167  S	167   S 	2.004

5	$	$	s	$

POS System Hardware	6506-70  S	s

.:00  S	s

517  S	$

s	$	s	s	•	•	2,917

•	•

-Education	6501-70  S	s	2	s	•

s•	s	$	s	s	s	$	s	$ 	150

-- ERemopcleayteioenTEexsptienngs-eHiring

6604--770  S$

150   sS

s	•	$	•	$

50   $S

s	$	•	s	s

-Trai nina I $tat! Dev�opment

650056--770  S

so  s	50   Ss	50   •s	so  •$	so  $	so  •$

$	50   Ss	50   Ss

50   S$	50   Ss	50   •S 	600

--UTrnaifvo�rmIsEducation

15607-70 $

•s	s	s	$•	$$

$	•	5	s

•	s•	$

-Vehicle W.leage Expense	6606-70 .$	$	s	s	$	•	$	$	s	s

$	•	s•

--HMeanpaWgeamnetendtTAc.sravel - Corp Staff	660109-70  S	s	s	5DO   $	500  •	500  .$	500   S

s	s	s

soo  •	500  $	500  S	6,000

•

Manage.men?Travel - Onsitestaff	6811-70 .$

5500   $

soc s

so $	so  •	so  •	so $

soo  •	5s0o0   Ss

5500   S	so  •	so  •	so  $ 	600

- Taxes - Personal Propl"lrty	7404-70 .$	500  $	5500   S	500  S	500   S	500  $	soo  •

so

•

$

•

$	500  S	500  5	500  S	500  $	500  •	6,000

-Advertlsina (Print)	8001-70  $	•	s	$	$	•	•

500  •	s	s	$	s

-Coltatteral f Printing	8009-70  S	$•

s	s	s	'	$
91   $	s

s	5s	••

s	s	241

Chamber / Orga�lional Dues	880013-2-770  S.5	'

s	50   Ss

s	•	C   •	•

100   sS

s	$	$

Special Promotiorl$ I Events

s	s

$	•	$	s	s	$	•	s

Copier / Fax Lease	90:J9009S--70  S$	25  S	25  5S

s	s
25  •	25 S

25  S	2S  s	25   S	2S  S	25 S	300

-- Porosmtaogteional Accounts	9010-70  S	100   $	100   $	12050   $S	12005   S	100   S	100   $	,oo  $	100   $	100   S	101'.l   S	100   s$	100   S	1,200

ShortTerm DisabWty	9011 70  $	$•	•	$	s

s	•

s	s	s

$	••

Fedex I Courier	9017-70  $	•

$	s	s

'	$	s	s	$	s

• HBaOdADFeebeis	98052205-70  $

---

$	s
---	---

s	s	s
---	---	---

--	-

--- --	--- •
s	s

-3-,00-0  •    --3,0-00

TOTAL OTHER GENERALAND ADMINISTRATIVE EXPENSES	s

-13-,41-6  S

-11-,55-0  $    -,4-61-1   S

-13-164- $	14732   S	15,002   S

-,2-.3n- s    -12.963   $

-1J-,2a.:- S    -12-,63-3   S

-12-,136- S

-14-.625- S	160,574

TOTALGENERALAND ADMINISTRA'TIVE LABOR ANO OTHER EXPENSES	$	26,658   S	24,165   $	27,853   $	26,164   $	27,974   S	28.0132   $	.2S,619   S	215,205   $	26,28-4   S	25,875  S	25.136   S      41,127  S	331,142

BI LLY
CASPi;R
GOLF

-Advertrsing- Pri nt

Sales and Marketing Other Expenses

•	•	100  •	100  S	100  S	100   S	BOO

-- SAEct.'Oerti/ Osingin-�8Reeepturtoantiicon Management

880021--75  S	ss

Gl COPE	Jan-20

Fcb-20

Lake Ashton GC

�ARKETING EXPENSE

•

s

$

s$

ss

s

"'"

100  S	100 $

s

$	$	ss

. Mar-20	Apr-20	May.20

Jun-20	Jul-20	• Aug-20      • Scp-.20	Oct-20	Nov-20	Dec-:20	Total

s

•	•	••

s

ss

- Aa.'ertising- Dispiay

- Dhect Mail

8005-75  S	s

•	s	s

s	s	$	$

8003-75   S	100 S

8004-75 S	s

s

--WBroebadSciatest/EO,-gmitaail Platform - SEQ; social, Rep,..'ta'Jon Management Google Analytics and Tag Marniger, SEM and Call Traclting, Emai l. CV

8006-75  S
8007-75  S

1,500 s$

$	$	1,500   $•	s

s	s	•	•

s	•	s

$	1,500  S	$.	s	1,500  S	s	s	6,000

- Graphic Design

8008--75  S	300 S

3,o0o0   Ss

300  S	31000   •	3100   $•

300   S	300  $	3,0oo0  $•	,00   $

30D  S	300  S	3DO   S	31,,2600

- CollaterM Matertals

8009-75  S	100 S

1D0  S	$

s

100   $	100   sS	•	100   $

s

$	s	s	s	•	$	$

$

100   •S	100   $S	100   $S

Newsletter
Photography

80i0-75 S

$

8011-75 $

s	s	$

ss

s	s	s	$

$$	s	s	$	$	•	s

•

60   $	6D  $	BD  S	60   S	6D   S	6D  S	60   $	9B0

Chamber IOrgarriz;ational Dues

- Sales Mana�ement

-- SW.peemcbialerPshropm?ort<>iosnrsaImEsvents

88001123--7755  $

8015-75 S	300 $

8014-75 S	$

s	$	$

6D  S	60   •	60  $	60 $

•

$	$	I

$	s	'	s	•	s	$

•

$

80,S.-7	•

Reservation / POS System

8016-75  $	•

s	s	$	$

s	s	ss	$	s	$

$

- Reservation Fees
CX Evaluations - Mystery Sho?5

S600,178--75  $	$

s	s	$	•

$	s	$

-- CCXX TlneitciahtnioYlesogy- CRM

6021-75  $	•	$•	•	;

$

-- MCoisnO!'tinlglaenneeoyU!.
Total Sales and Marketing Other Expenses

9000--75 S   --- •
2,300  S

-	-	---  - ,s

6020-75 S

56-0  .S    --560- $    -2-,060- S

---
--46-0  S

---	---
--460- S	1,960   $	460   $

$     ---  --- $
--56-0   S    -2-,06-0   S    --560- S

---

s

--560-$

--12,5-60

TOTALSALESAND MARKETING LABOR AND OTHER EXPENSES

2019 LAGC Consulting Bud_get v:2

2,300 S

56D  $	560  $	2,060   S	460 $

460   $	1,960  .S	460  $	560   S	2,060 S

560    S	12,560
,c, of Gross Revenue   I	0.74%

Prepared by: 8Wy Cas�r Golf

THAN K YOU
Your Proud Partn ers in  Innovative Golf Operations

BILLY
CASP�R
GOLF

Lake Ashton Golf Course
Estimated Costsof Purchase, Debt Assessment Pay-Off, & Due Diligence
Lake Ashton	Lake Ashton II

Purchase Price (allocated per lot b.osis)

Total Per Unit	Total Per Unit Toto/    $    477,000.00	$	287.87 $	287.87

De bt Assessment Pay-Off (allocated 50/50 split)
Total {both CDDs)     $     410,236.00	$	209.95   $	301.64

Sub-Total {Purchase Price + Debt Pay-Off)
Sub Tata/	$ 887,236.00	$	497.82	$	589.51	
Financing Costs (@ 3%for5 years)	$	60,768.00	$	33.85	$	40.73	
Total	$ 948,004.00	$	531.67	$	630.24	
Est.  Due  Diligence Costs   (allocatedper Jot basis*)
Costs Incurred to Date (7/24/19)	
$ 190,000.00			
Phase 1 Environmental	$	10,000.00			
Title Premiums	$	3,000.00			
Survey	$	60,000.00			
Building Inspection	$	6,000.00			
UCCILien Search (two entities)	$	500.00			
Legal Fees*	$	90,000.00			
Tata/	$ 359,500.00	$	216.96	$	216.96	
TOTAL**	$ 1,307,504.00	$	748.62	$	847.20	
*Each Dlstrlct is responsiblefortheir respective legal fees, butthey are being calculated as a lump sum for estimation purposes
**Does not account for$240,000 duefromseller atcloslng; cu rrently anticpated to fund operation costs, but could be applied to offset purchase price

Lake Ashton
Total Per Unit	Lake Ashton II
Total Per Unit	
Purchase Price (due at Closing)	$	46.47	$	46.47	
Est. Due Diligence Casts	$	216.96	$	216.96	
TOTAL	$	263.43	$	263.43	
Purchase Price/Bond Debt Pay-Off(Finaced @3%)	$	126.38	$	152.05	
Est. Operations & Capital Costs	$	145.41	$	145.41	
TOTAL	$	271.79	$	297.46	
Purchase Price/Bond Debt Pay-Off(Finaced @3%)	$	122.99	$	147.98	
Est. Operations & Capital Costs	$	211.46	$	211.46	
TOTAL	$	334.45	$	359.44	
Purchase Price/Bond Debt Pay Off (Finaced @3%)	$	119.61	$	143.91	
Est. Operations & Capital Costs	$	434.36	$	434.36	
TOTAL	$	553.97	$	578.27	
Purchase Price/Bond Debt Pay-Off(Fin aced @3%)	$	116.22	$	139.83	
Est. Operations & Capital Costs	$	428.31	$	428.31	
TOTAL	$	$	568.14	

Annual Per Unit Costs (Est. Acquisition & Operational Costs) Years l-4 

Closing

Year 1  (FY 2020)

Year 2 (FY 2021)

Year 3 (FY 2022)

Year 4 (FY 2023)

544.53

The Information and costs presented have been obtained from reports prepared by others and/or are estimates; there
js no assurance these numbers wiJJ represent actual costs or
operating results.

Lake Ashton Golf Course
Estimated Operational & Capital Improvements Costs(Years 1 -4)
Lake Ashton
Total Per Unit3

Lake Ashton II 
Total Per Unit 3

Year One (FY 2020)
ADACompliance- Eagl e's Nest1	
$	
90,000.00	
Operational Deficit 2	$	113,339.00	
Capital Improvements'	$	210,000.00	
Eagl es Nest Projected Taxes	$	50,000.00	
GolfClub 11 Projected Taxes	$	7,500.00	
Golf Club Projected Taxes
Maintenance Building Projected Taxes	$ TBD	10,100.00	
Maintenance Building Insurance and Common Area Maint.
Additional Acquatic Maintenance Costs4	TBD		
Funds due from Sel ler at Closing	$ (240,000.00)			
Total	$	240,939.00	$	145.41	$	145.41	
Year Two (FY 2021)
Operational Deficit 2	
$	
11,289.00			
Capital Improvements'	$	271,500.00			
Eagles Nest Projected Taxes	$	50,000.00			
Golf Club 11 Projected Taxes	$	7,500.00			
Golf Club Projected Taxes	$	10,100.00			
Maintenance Building Projected Taxes'	TBD				
Maintenance Building Insurance and Common Area Maint.'	TBD				
Additional Acquatic  Maintenance Costs'
Total	TBD
$	
350,389.00	
$	211.46	
$	211.46	

Vear Three (FY 2022)
Operational Deficit 2	

$	

2,136.00			
Capital Improvements'	$	650,000.00			
Eagles Nest Projected Taxes	$	50,000.00			
GolfClub II Projected Taxes	$	7,500.00			
GolfClub Projected Taxes	$	10,100.00			
Maintenance Building Projected Taxes4	TBD				
Maintenance Building I nsurance and Common Area Maint.'
Additional Acquatic Maintenance Costs4	TBD
TBD				
Total	$	719,736.00	$	434.36	$	434.36	

TBD

Vear  Four (FY 2023)	I
Operational Deficit 2 $	(7,885.00)

Capital Improvements'	$	650,000.00	
Eagles Nest Projected Taxes	$	50,000.00	
Golf Club II Projected Taxes	$	7,500.00	
GolfClub Projected Taxes	$	10,100.00	
Maintenance  Building Projected Taxes'
Maintenance Building Insurance and Common Area Maint.4	TBD
TBD		
Additional Acquatic Maintenance Costs'	TBD		
Total	$	709,715.00	

$	4'28.31

$	428.31

1 Source: Dewberry {LA Engineer) 2 Source: Hampton Report
3       Allocated       on       per       Jot        basjs 4 Staffis still gathering estimates on these costs
The information and costs presented have been obtainedfrom reports prepared by others and/orare estimates; there Is no assurance these numbers will represent actual costs or operating results.

DEFINITIONS

"Amenity Facilities" - shall mean the properties and areas owned by the Districts and intended for recreational use and shall include, but not specifically be limited to, the Lake Ashton Clubhouse and Lake Ashton Community Center, together with appurtenant facilities and areas.

"Amenities Facil ities Policies" or "Policies" - shall mean the Joint Amen ity Facilities Policies/Provisions ofthe Lake Ashton Community Development District and Lake Ashton II Community Development District.

"Amenity Manager" - shall be the "Community Director," or in his/her absence, the designated representative.

"Board of Supervisors" or "Boards" - shall mean the Board of Supervisors of the Lake Ashton Community Development District and/or Lake Ashton II Community Development District.

"Districts" - shall mean the Lake Ashton Community Development District and Lake Ashton II Community Development District (COD or CDDs), each a political subdivision of the State of Florida, created pursuant to Chapter 1 90 of the Florida Statutes.

"Guest" - shall be any Non-Resident invited by a Patron to access and use the Amenity Facilities. Guests must be properly registered and comply with all Policies. (The ability to register may be reviewed by an Amen ity Manager after 12 Guest registrations.)

"Individual" - shall mean any Patron,, Guest, or Non-Resident utilizing an amenity.
"Inappropriate Content" - shall mean content that is fraudulent, harassing, embarrassing, sexually explicit, profane, obscene, intimidating, defamatory, or contains sexual comments, obscenities, nudity, pornography, abusive or degrading language, antisocial behavior, or inappropriate comments concerning race, color, religion, sex, national origin, marital status, or disability, violates any District Policies or rules, has the potential to cause the District(s) public harm or disrepute; or is otherwise unlawful and is inappropriate and may not be sent by e-mail or other form of electronic communication or displayed on District(s) computers or stored in the District(s) systems.

"May" and "Shall" - as used herein, the word "may" is permissive; the word "shall" is mandatory.

"Media"- shall mean certain publications and media produced by the Districts and solely intended to provide community information, including but not limited to the Lake Ashton Times.

"Non-Resident" - shall mean any person(s) who does not own or rent property within either District and has not paid the Non-Resident User Fee.

.,,. .

"Non-Resident Member" - shall mean any. .individual not owning or renting property in

"Non-Resident Annual User Fee" - shall mean the fee established by the District(s) for any person that is not a Re. sident and wishes to become a Non-Resident Member. The amount of the Annual User Fee is set forth herein, and that amount is subject to change based on Board action.

either Dis""trict w. ho is paying the Non-Resident Annual User Fee to the District(s) for use of all Amenity Facilities.

"Patron" or "Patrons" - shall mean Residents, Non-Resident Members, and Renters/Leaseholders .

. . .

"Policies"- shall mean the Amenity Facilities Policies/Provisions of the Lake Ashton Community Development District and Lake Ashton II Community Development District, as amended from time to time, along with all other Policies and rules of the Districts.
"Political Issue" - shall mean any candidate, political party, issue, referendum, or amendment that is subject to a vote of electors, whether local, state or federal.
"Political G roup" - shall mean any group, club, or organization that support•s, endorses, or opposes a Political Issue, as defined herein.
" Renter/Leaseholder" (residential) - shall mean any tenant residing in a Resident's living unit pursuant to a valid rental or lease agreement.
"Rental Facilities" - shall mean the Amenity Facilities available to Patrons, Non­ Residents, and Lake Ashton organizations for rent or reservation including, but not lim ited to, the Ballroom, Reflection Garden, Card Rooms, Cinema, Conference Rooms, Community Center, Courtyard, Catering Kitchen, Sports Court, Poker Room, and Craft Rooms.
" Resident"- shall mean any person or persons owning a home or lot with in either District.
"Staff" - shall mean any employee, contractor, or volunteer t•-hat works under the Amen ity Manager.

PURPOSE:
This document, jointly prep.a�red and agreed to by both the Lake Ashton Commun ity Development District and Lake Ashton II Community Development District Boards of Supervisors, applies to all Residents, Non-Resident Members, Renters/Leaseholders and Guests, pursuant to usage of all amenities within both Districts. Compliance with
the Policies and provisions is mandatory and will be enforced.

The.

Board(s), the Operations Manager, the Amenity Manager and Staff shall have full

aut..h.ority to enforce these Policies. Howeve..r, the Amenity Manager shall have the

•

authority to waive strict application of any of these Policie,s/Provisions when prudent, necessary or in the best interest of the Districts and Residents. Such a temporary waiver of any Policy by the Amenity Manager shall not cons.t•itute a continuous, ongoing waiver of said Policy.

The Boards jointly reserve the right to amend, modify, or delet"Ie, in part or in their entirety, these Policies when necessary, at a duly-notic-e'd Board meeting, and will notify

..

the PaIt.trons of any changes.  To change or modify rates or fees beyond the increases specifically allowed by District(s) rules and reg ulations, the Board(s) must hold a duly­ noticed public hearing on said rates and fees.

AUTHORIZED USERS "Users" are defined as:
RESIDENTS:

Persons owning property, upon producing proper identification, can access and use all amenity facilitie,s within the Districts. They are entitled to bring up to four (4) guests at a time, unless other arrangement•s'· have been made with an Amen ity Manager.

RENTERS/LEASEHOLDERS:

..

. .

Residents who re'!I'nt or lease out their residential unit(s) in the Districts sha.. ll have the right to design...a-te the Renter/Leaseho' ld. er of their residential unit(s) as the bene'ficial users of the Resident's membership privilege..s for purposes of Amenity Facilities use.
The Renter/Leaseholder may be req uired to acquire a membership with respect to the residence which is being rented or leased, as well as purchase an ID card in order to be

entitled to use the Amen ity Facilities. A Renter/Leaseholder who is designated as the beneficial user of the Resident's membership shall be entitled to the same rights and privileges to use the Amenity Facilities as the Resident.

During the period when a Renter/Leaseholder is designated as the beneficial user of the membership, the Resident shall not be entitled to use the Amen ity Facilities with respect to that membership.

Residents shall be responsible for all charges incurred by their Renters/Leaseholders which remain unpaid after the customary billing and collection procedure established by the Districts. Resident owners are responsible for the deportment of their respective Renter/Leaseholder.

NON-RESIDENT MEMBERS:

Non-Residents may pay an Annual Users Fee and have access to all Amenity Facilities. The Annual User Fee for any person not own ing real property within the District is

...

$2,400.00 per year, and this fee shall include privileges for two (2) people. This payment must be paid-in-full at the time of completion of the Non-Resident Club Member application and the corresponding agreement.	This fee will cover membership to all Amenity Facilities for one (1) full year from the d ate of receipt of payment by the District. Each subsequent annual membership fee shall be paid-in-fu ll on the anniversary date of application for membership. Such fee may be increased , not more than once per year, by action of the Board of Supervisors, to reflect increased costs of
...ope..ration of t•he Amenity Facilities. This membership is not available for commercial
purposes.

GUESTS:
All Guests, rega• rdless of ag.e, must register with the office of the Amenity Manager prior to using the Amenity Facilities. The Patron inviting the Guest must be present upon registration, unless other arrangements have been made with the Amen ity Manager's office.

All Guests under eighteen (18) years of age must be accompanied at all times while using the Amenity Facilities by a parent or adult Patron over eighteen (1 8) years of age.

Guests over the age of eighteen (18) must register and may use the Amenity Facilities unaccompanied by Patron, and must also sign a waiver of liability.

..

Patrons who have registered a Guest are responsible for any and all actions taken by said Guest. Violation by a Guest of any of these Policies as set forth by the District could result in loss of that Patron's privileges and membership.

IDENTIFI CATION CARDS:

ID cards (or similar access devices) may be issued to all members of each Resident's household and/or Non-Resident Members. Guest Passes shall be issued to all Guests upon registering with Amenity Manager. Each Patron and/or Guest will be required to present proper credentials upon request by Staff. If not presented, the individual will be asked to leave the venue. Renters/Leaseholders will be required to purchase their own ID cards (or similar access devices). All lost or stolen ID cards should be reported immediately to the Amen ity Manager's office. A fee will be assessed for any replacement cards or additional cards.

LOSS OR DESTRUCTION OF PROPERTY AND/OR INSTANCES OF PERSONAL INJU RY:

Patrons and their Guests assume sole responsibility for his or her personal property. The District and its contractors shall not be responsible for the loss or damage to any private property used or stored on or in any of the Amen ity Facilities.

Any Patron or Guest utilizing District equipment is responsible for said equipment. Should the equipment be returned to the District damaged, missing pieces or in worse condition than when it was when usage began, that Patron or Guest will be responsible to the District for any cost associated with repair or replacement of the equipment.

..

Individuals who, in any manner, makes use of or accepts the use of any apparatus, appliance, facility, privilege or service whatsoever owned, leased or operated by the Districts or its contractors, or who engages in any contest, game, function, exercise, competition or other activity operated, organized, arranged or sponsored by the Districts, either on or off the Amenity Facilities' premises, shall do so at his or her own risk, and shall hold the Amen ity Facilities' owners, the District, the Board of Supervisors, District employees, District representatives, District contractors and District agents, harmless from any and all loss, cost, claim, injury, damage or liabil ity sustained or incurred by him or her, resulting therefrom and/or from any act of omission of the Districts, or their respective operators, supervisors, employees, representatives, contractors or agents. Any Patron shall have, owe, and perform the same obligation to the Districts and their respective operators, supervisors, employees, representatives, contractors, and agents hereunder with respect to any loss, cost, claim, injury, damage or liability sustained or incurred by any Guest or family member of said Patron. 

Should any party bound by these Policies bring suit against the District, the Board of Supervisors or Staff, agents or employees of the District, or any Amenity Facil ity operator or its officers, employees, representatives, contractors or agents in connection with any event operated, organized, arranged or sponsored by the District or any other claim or m atter in connection with any event operated, organized, arranged or sponsored by the District, and fail to obtain judgment therein against the District or the

Amenity Facilities' operators, officers, employees, representatives, contractors or agents, said party bringing suit shall be liable to the prevailing party (i.e., the District, etc.) for all costs and expenses incurred by it in the defense of such suit, including court costs and attorney's fees through all appellate proceedings.

..

Amenity Facilities are unattended facilities. Persons using the Amenity Facilities do so at their own risk. Amenity Manager's staff members are not present to provide personal training, exercise consultation or athletic instruction, unless otherwise noted, to Patrons

or Guests.  Persons interested in using the Amenity Facilities are encourage•  d< with a physician prior to commencing a fitness program.

to consult

SUSPENSION AND TERMINATION OF PRIVILEGES:

An individual's privileges to use the Amenity Facilities may be subject to various lengths of suspension or termination for up to one (1) calendar year by the Board of Supervisors, and the individual may also be required to pay restitution for any property damage, if he or she fails to abide by the District's Amen ity Facilities Policies, submits
false information on the application for a photo ID card or Guest pass, permits
unauthorized use of a photo ID card. o� r Guest pass, exhibits.. u.nsatisfactory behavior

.

deportment or appearance, engages in unreasonable and abusive behavior that threatens the welfare, safety or reputation of the Staff, or damages or destroys District p roperty.

In response' to any violation of the rules, reg ulations, policies and procedures specified herein, including, but not limited to, those set forth in the preceding paragraph, the•

First Offen..se. - Verbal warning by Staff of Policy violations; the warning shall be

District shall follow the process outlined below with regard to suspension or termination of a Patron's or Guest's privileges:
summarize.d. in a brief written report by staff and kept on file in the Club. hr  ..ouse and
Community Center.

Second Offense - Written warning by Staff of continued Policy violations sent by
certified mail to the"  Patron/Guest and kept on file in the Clubhouse and Community
Center Offices. In ad•dition, the Patron/Guest will be suspended from the Amenity Facilities for the remainder of the day on which the written warning is issued.

..

Third Offense - Automatic suspension by the Amenity Mana"'ge..r of a"ll Amen ity Facilities privileges for one (1) week. A written report will be created; a certified letter will be sent to the Patron/Guest and a copy of such letter kept on file in the Clubhouse and
Commun ity Center Offices.

Fourth Offense - Automatic suspension by the Amen ity Manager from all Amenity Facilities for up to thirty (30) days or until the date ofthe next respective Board of Supervisors Meeting, whichever occurs first. A complete record of all previous

•

documented offenses within the previous twelve (12) months will be presented to the Board for recommendation of suspension beyond thirty (30) days or possible termination of the Patron's/Guest's privileges for up to one (1) calendar year from the Board's approval of termination of privileges. Violations that result in a suspension will be upheld by Lake Ashton Community Development District and Lake Ashton II Commun ity Development District.

. .

Notwithstanding anything contained herein, the Amen ity Manager may, at any time, remove, restrict or suspend an individual's privileges when such action is necessary to protect the health, safety and welfare of other Patrons and their Guests, or to protect the Amen ity Facilities from damage.

..

Such restriction or suspension shall be for a maximum period of thi rty (30) days or until the d ate of the next Board of Supervisors me•eting, whichever occurs first. Such infraction and suspension shall be documented by the Amenity Manager. The Operations Manager, District Manager and Board of Supervisors shall be notified to review this action at the next Board of Supervisors meeting.

RESERVI NG FACILITIES

Amen ity Facilities are available on a first-come, first-served basis. Requests to reserve facilities should be subm itted through the Staff at the appropriate Amen ity Facility.

.

Reservations are available for up to three (3) hour increments for all facilities listed in the reservation policy, with the exception ofthe Ballroom and Community Center. These can be reserved for periods up to five (5) hours. Longer time increments may be approved by the Amenity Manager. There are no personal "standing" weekly reservations al lowed for the facilities listed in the reservation policies. Clubs and organizations may make "standing" reservations. These will be reviewed semi-'annually by the Amenity Manager.

The Amenity Manager can reschedule any reservation if requested by the District. The Clubhouse or Community Center Office must be notified if a scheduled reservation cannot be kept so the slot may be re-assigned. Reservations will be held for 15 min utes past your scheduled start time before re-assigning the reservation tim•e slot.

RENTAL FAC ILITIES TERMS

Amenity Facilities are available for rent by Patrons, Lake Ashton approved
Clubs/Organizations, and Non-Members in accordanc.e,.  with the Policies of the District
and the laws of the State of Florida. A complete list of Amenity Facilities available for rent, along with associated fees and deposits, are located in Appendix Two.

A non-refundable service fee may be charged for functions held having more than 25 people in attendance in order to cover the costs associated with setup, breakdown and cleanup. A final guaranteed number of guests is to be conveyed to the Amenity

Facilities events planner no later than five (5) days before the date of the scheduled event. In absence of a final guarantee, the number indicated on the original agreement will be considered correct. A check shall be made payable to the District.

If required by the Rules - Chapter Ill, secu rity deposit(s) or security fees shall be subm itted to the Clubhouse or Community Center in the form of a separate check made payable to the "Lake Ashton Community Development District" or the "Lake Ashton II Community Development District."

A Staff charge and/or other special charge(s) or fee(s), if applicable, based upon the reasonable discretion of the Amen ity Manager, will be added to the base fee in order to cover any additional costs (i.e. , kitchen use, Staff availability, etc.).
Setup/cleanup fee for events held in the Ballroom or Community Cente..r room may also be required for certain functions. Please contact the Amen ity Manager to make the proper arrangements regarding room availability and various other service fees.

A refundable security deposit shall be charged to the person making the reservation, and shall be submitted to the Clubhouse or Community Center's office in the form of a separate check made payable to "Lake Ashton Commun ity Development District" or the "Lake Ashton Ii Community Development District.

CLUBS AND OTHER ORGANIZATIONS

Any club, group or organization desiring to utilize the Amenity Facilities activities display space, Channel 96/732, Coffee Meetings, Ashtonliving. net, or the LA Times newsletter to promote club or organization activities must be registered with the Amenity Manager and meet the following criteria:

Clubs must be comprised of a minimum of at least five (5) active members; all members must be Lake Ashton residents.

No club may be formed, and no activities held within the Amenities Facilities, for commercial or profit-making purposes.

The purpose of each club must be to provide lifestyle-enhancing opportunities to Lake Ashton residents and not to effectuate sales of products or services. No one household can profit from the club. Clubs may generate funds through dues and proceeds from club organized events. If a club chooses to generate funds, a check-and-balance system must be in place as well as a club checking account.

Club membership and club activities must be available to all residents. Criteria for club membership should be governed by the individual club's by-laws.

Rules applying to the formation and admissibility of clubs may be modified at the discretion of the Boards.
Viol..ations of these Policies by any club may result in the loss of that club's privileges within the Amenity Facilities.

GENERAL AMENITY USAGE POLICIES

. ..

CONDUCT: Individuals using the Amenity Facilities are expected to conduct themselves in a responsible, respective, courteous and safe manner, in compliance with all Policies/provisions and rules of the Districts governing the Amenity Facilities. Violation of the District(s) Policies and/or misuse or destruction of Amenity Facilities equipment may result in the suspension or termination of Amenity Facilities privileges with respect to the offending Patron or Guest.

. ..

CONFLICTS: Conflicts between Amenity users should be referred to Staff or Security. Under no circumstances should verbal or physical confrontation occur between Amenity users.

,	.

ALCOHOL: All persons must be twenty-one (21) years of age to consume alcohol at any Amenity Facility, and must do so in a responsible manner. No alcohol may be brought into the physical structure of the Clubhouse, adjoining outdoor patio and pool deck. Alcoholic beverages held and/or consumed w.. it. hin the physical structure of the Clubhouse, adjoining outdoor patio and pool deck must be purchased through the holder of the liquor license registered with the State of Flori·d. a to serve alcoholic beverages at 4141 Ashton Club Drive, Lake Wales, Florida. Any registered holder of
said liquor license shall be required to provide the Amenity Manager with an applicable certificate of insurance naming the District as an addition.,al named insured.
The Community Center Amenity M('anager may approve consumption of alcohol for events held at the Community Center by a vendor who is in possession of a valid liquor license and proof of insurance.
SMOKING: Lake Ashton is a smoke-free community. Smoking tobacco products or electronic cigarettes are prohibited at all facilities and venues unl;ess in a designated area

...	..

PETS: Pets, (with the exception of duly registered service animals) are not permitted at Amenities Facilities with the exception of Pet Parks. If a special event allowing pets has been approved by the Amenity Manager, pets must be leashed or in an appropriate carrier, or placed in a cage. Patrons are responsible to pick up after their pets and to dispose of any waste in a designated pet waste receptacle or outdoor dumpster.
PARKING: Vehicles must be parked in designa..ted areas. Vehicles, bicycles and golf carts should not be parked on grass lawns, in any way which blocks the normal flow of

•

.

traffic, or in any way that limits the ability of emergency service workers to respond to situations. The Amenity Manager reserves the right to waive this parking restriction in the event overflow parking is needed for a large' event.
OVERN IGHT PARKING: There shall be no overnight parking in Amenity Facility parking lots.

. .

OFF-ROAD VEHICLES: Off-road motorbi kes/vehicles, excluding golf carts, are prohibited on all property owned, maintained and operated by the District(s).
FIREW. ORKS:  Fireworks of any kind are not perm itted on a,ny amenity facility or
prope.rty held by the Districts.  The Board(s) may approve the use of fireworks specific bodies of water.

SERVICE AREAS: Service areas within the Amen ity Facilities are off-lim its except for Staff.
DRONESt   : Drones and all forms of u.nmanned aerial vehicles are not perm itted in, on, or 
over the Amenity Facilities or District(s) property at any time without the written authorization of the District, except as permitted by law or regulation of an applicable government entity.
CHILD CARE: The District will not offer childcare services to Patrons or Guests at any of the Amen ity Facilities.
SKATEBOARDING: Skateboarding is not permitted on the Amen ity Facilities property at any time. Roller blading is permitted on cart paths and roadways only.

..

OUTSIDE ENTERTAIN MENT: Performances at any Amenity Facility, including
those by outside entertainers, must be approved, in advance, by the Amen ity Manager.
ADVERTISING: Commercial advertisements shall not be posted or circulated in the Amenity Facilities. Petitions, posters, or promotional material shall not be originated, solicited, circulated or posted on Amenity Facility property unless approved, in writing, by the Amenity Manage•r.

COMM•  ERCIAL PURPOSES: The term "commercial purposes" shall mean those
activities which involve, in any way, the provision of goods or services for compensation. These activities must have approval from the Amenity Manager.
U NATTENDED GUESTS: Amenity users should not leave Guests who have adverse or debilitating health conditions unattended in any of the Amenity Facilities or District p roperty.

PROGRAM/ACTIVITY APPROVAL: All programs and activities, including the number of participants, equipment and supplies usage, facility reservations, etc., at all Amenity Facilities must be approved by the Amen ity Manager.
MANAGEMENT SPONSORED EVENTS: The Amenity Manager has the right to authorize management-sponsored events and programs to better serve the Patrons, and to reserve any Amen ity Facil ity for said events (if the schedule permits) and to collect revenue for those services provided. This includes, but is not limited to, various athletic events, cultural programs and social events, etc.
LOITERING: Loitering (the offense of standing idly or prowling in a place, at a time or in a manner not usual for law-abiding individuals, under circumstances that warrant a justifiable and reasonable alarm or immed iate concern for the safety of persons or property in the vicinity) is not permitted at any Amen ity Facility.
COMPLIANCE TO STATUTES: Individuals shall abide by and comply with any and all federal, state and local laws and ordinances while utilizing the Amenity Facilities, and shall ensure that any minor for whom they are responsible also complies with same.
EQUIPMENT: The Districts maintains a limited amount of equipment to support ind ividual activities such as Bocce, Billiards, Pickleball, Racquetball, Shuffleboard, Yoga, and exercise classes. Please check their availability with the Amen ity Manager. Patrons are encouraged to provide their own equipment for recurring use.
HOURS: Hours of operation, including holiday schedules, for Amenities Facilities are established and published by the Amen ity Manager(s).
EMERGENCIES: After contacting 91 1 (if required), all emergencies and injuries must be reported to the gate attendant service (Thompson Nu rsery Road phone number 863- 324-7290, CR 653 phone number 863-31 8-0237) or Operations Manager or Amenity Manager (phone number Clubhouse 863-324-5457 or Community Center 863-595-
1 562) and to the office of the District Manager (phone number 407-841 -5524). If immediate attention to the facilities is req uired and the Amenity Manager is not present, please contact one of the gate attendants employed by the District.
SIGNAGE: All political and commercial signs outside District buildings are strictly prohibited. All other signs need the approval of an Amen ity Manager.

AMENITIES POLICIES: Residents, Non-Resident Members, and members of the general public are responsible for ensuring their Guests adhere to the Policies set forth herein. In addition to the general Policies listed above, each amen ity has specific Policies that must be followed:

BALLROOM

All food and beverages c•'onsumed in the Clubhouse Ballroom must be purchased and provided by the Restaurant contracted by the District.
Any Resident or Resident activity that qualifies for, and is g ranted a fee waiver uI nder  the Rules of Lake Ashton Community Development District, Chapter Ill, may, with the approval of the Amef nity Manager, have an outside caterer provide food and non­ alcoholic beverages for an event compliant with Chapter Ill. The Amenity Manager shall have sole d iscretion to grant or deny such a request, and may require the submission of a certificate of insurance, a waiver of liability, or other administrative documentation as deemed appropriate by the District.

.

Each organization, group or individual reserving the use•  of an Amenity Facility (or any

'

part thereof) agrees to indemnify and hold harmless the District, the owners of the Amenity Fac'i·lity and the owner's officers, agents and employees from any and all liability, claims, actions, suits or demands by any person, corporation or other entity, for injuries, death, property damage of any nature, arising out of, or in connection with, the use of the District lands, premises and/or Amenity Facilities, including litigation or any appellate proceeding with respect thereto. Nothing herein shall constitute or be construed as a waiver of the District's sovereign immunity granted pursuant to Section 768.38, Florida Statutes.
The volume of live or recorded music shall not violate applicable City of Lake Wales Noise Ordinances.

BOCCE
Bocce equipment, if available, may be checked-out from the Shuffleboard storage closet..

-

. .

AppropriateI   d•   ress is required on the court. Shirts and shoes must be worn at all times. Bocce balls should not be tossed or thrown outside of the court.
Players on the opposite side of the playing or thrower's end should stand outside the court walls. Sitting on the walls is permissible provided one's legs are on the outside of the walls. Please report any loose boards, protruding nails, etc. , to the Staff.
Children under eighteen (18) years of age must be supervised by an adult Patron who understands the rules of the game.

BOWLING
The center is available for open b.o.wling when league play is not scheduled. Reservations are made through the Amen ity Manager on a first-come basis.

Proper attire must be worn. Bowling shoes are the only acceptable footwear on the lanes.
The bowling machines are all self-scoring. If you are unsure how to operate the machines or need assistance, please contact the Amenity Manager or Staff for instructions.
No one is allowed past the foul line or on a bowling lane at any time. If it becomes necessary to traverse the lanes, all walking shall be done in the g utter(s).
Proper bowling etiquette shall be adhered to at all times. The use of profan ity or disruptive behavior is prohibited.
No food or drink is allowed in the approach area.
If, at any time, the equipment fails to operate prop• e• rly or your ball does not return, please contact the Amenity Manager or Staff for assistanc•e.
No one is allowed behind the pin-setting machines without the permission of the Amenity Manager.

. '

Return all balls and shoes to racks when you have finished bowling.
Guests under the age of eighteen (1 8) years of age must be supervised by adult Patron who understands the rules and regulations of the game.

CINEMA
M ovies are scheduled on a r.e.. g. ular basis by the Amen ity Manager and open to all Patrons. Seating capacity is 55 and admittance is on a first-come basis. Guests under eighteen (1 8) years of age must ber  a"ccompanied by an adult.
Movie sel..ections are made by the Amen ity Manager's office based on new rele•ases. Suggestions from Re'sidents are also considered.
Scheduled movies and show times are posted and subject to change.

Closed-captioning is available for certain movies at certain show times. Please check with the A. < men ity Manager or Staff to obtain the schedule.
Be courteous and arrive on tim.. e. Movies are not to begin prior to the scheduled show time.

Reservations for the Cinema shall be made through the Amen ity Manager's office. Contact the Am,.en� ity Manager or Staff for assistance with equipment.
Be sure the Cinema is clean and free from trash and debris following any function. Any Resident or Non-Resident Member who reserves and holds a function in the Cinema
and fails to clean upr   and return it to the condition in which it was obtained may b',.e
charged a clean-up fee by the Amen ity Manager.

Report any loose seats, lighting issues, or other facility needs to the Amen ity Manager or Staff.

CARD ROOMS/BILLIARDS/GAMES
Rooms are available during normal hours for open play; however, a..s many differen•t card and billiard games are held at regularly scheduled times, you should contact the Activities Office or Ashtonliving. net for a list of scheduled activitier s.

Reservations for the Card/Game Room can be made through the Amenity Manager's office.

Wt   hen group activities are scheduled, please be courteous of others. Random play is
acceptable when the rooms are not scheduled for group activities.

Due to the large demand for these rooms, reservations should include the number of tables required to meet the needs of the group. Tables not used will be considered "open" and will be made available for use by another group or individual.

COMMUNITY CENTER
Residents, Non-Resident Members, and members of th..e general public are responsible for ensuring that their Guests adhere to the Policies set forth herein.
The volume of live or recorded music must not violate applicab.. le City o..f Winter Haven noise ordinances.

No open burning or candles are allowed at the facility.

. .

Alcoholic beverage service, if approved, shall only be obtained through a service licensed to serve alcoholic beverages. Such service will be req uired to provide the Amenity Manager with a certificate of insurance, naming the District as an additional insured party. The Amenity Manager may make an exception to this requirement, in advance, for commun ity events such as pot luck dinners, bingo events and private functions held by Patrons who have reserved the Community Center. Patrons will be allowed to bring beer or wine for personal use when such a community event is held.

Patrons are not allowed to bring or use grills or smokers at the Community Center. Upon approval by the Amen ity Manager, PaI! trons may hire an insured caterer to provide this service. The location of any grill or smoker will be at the discretion of the Amenity
Manager. Such catering service will be required to provide the Amen ity Ma•nager with a
certificate of insurance, naming the District as an additional insured party.

Each organization, group or individual reserving the use of an Amenity Facility (or any part thereof) agrees to indemn ify and hold harmless the District, the owners of the
Amen ity Facil ity and the owner's officers, agents a•nd employees from any and all
liability, claims, actions, suits or demands by any person, corporation or other entity, for injuries, death, property damage of any nature, arising out of, or in connection with, the use of the District lands, premises and/or Amenities Facilities, including l itigation or any appellate proceeding with respect thereto. Nothing herein shall constitute or be construed as a waiver of the District's sovereign immunity g ranted pursuant to Section 768.38, Florida Statutes.

..

COURTYARD AND OUTDOOR KITCHEN

The courtyard is furnished with tables, chairs, and grilling equipment. Reservations for the cou rtyard may be made through the Community Center Amen ity Manager's office.

If you are unsure how to operate the grills or need assistance with any equipment, please contact the Community Center Amenity Manager or Staff for instructions.

Please contact the Community Center Amenity Manager or Staff for assistance if equipment at the cou rtyard fails to ope•rate properly.
Guests must b'•e eighteen (18) years of age to operate the grills at the courtyard .

The courtyard and surrounding area must be clean and free from trash and debris following any function. Patrons reserving and holding a function at the courtyard and fails to clean up and return it to the condition in which it was obtained may be charged a clean-up fee by the Community Center Amenity Manager.

CRAFT ROOMS
Craft Rooms are open du ring normal operating hours. They are available for general use when not reserved.
Reservations for the Craft Rooms can be made through the Amen ity Manager's office.

"'

If, at any time, the equipment in the C raft Room fails to operate properly, please contact the Amenity Manager or Staff for assistance.
Please be courteous of othe• rs' projects and do not touch or handle them.
Guests under eighteen (1 8) years of age must be properly supervised by an adult.

FITNESS CENTERS
Fitness cent..ers are open daily during n..ormal operating hours.
Patrons are encouraged to receive training on the apparatus before utilizing equipment; see your Amen ity Manager to schedule.
Each facility provides televisions for Patrons. Please be considerate when setting volume levels.
Individuals must be eighteen (1 8) years of age and older to use District Fitness Centers. Food, including chewing gum, is not permitted within the District Fitness Centers.
Beverages, however, are permitted in the Fitness Centers if contained in non-breakable
containers with screw-top or sealed lids.
App..ropriate attire and footwear (covering the entire foot) must be worn at all times in the District Fitness Centers. Appropriate attire includes tee-shirts, tank tops, shorts, and/or athletic wear (no swimsuits).
Each individual is responsible for wiping o•ff fitness equipment after use with the antiseptic wipes p rovided by the Districts.

Use of personal trainers is permitted in the District Fitness Centers with approval from the Amen ity Mana'g• er.
Hand chalk is not permitted to be used in the District Fitness Centers.

Radios, tape play..ers, MP3 players and CD players are not perm itted unless they are personal units equipped with headphones.
No bags, gear, or jackets are perm itted on the floor of the District Fitness Centers or on the fitnerss equipment.
Weights or other fitness equipment may not be removed from the District Fitness Centers.
Limit use of cardiovascular equipment to thirty (30) minutes and step aside between multiple sets on weight equipment if other persons are waiting.
Be respectful of others. Allow other Patrons a• nd Guests to also use equipm...ent, especially the cardiovascular equipment.

..

Replace weights to their proper location after use.
Free-weig hts are not to be d ropped and should be placed only on the floor or on equipment made specifically for storage of the weights.
Any fitn...es..,s program operated, established and,    rI un by the Amen ity Manager may have priority over other users of the District Fitness Centers.

..

HORSESHOES
Horseshoe equipment, if available, may be obtained from the Sh uffleboard storage closet.
Appropriate d ress is req uired on the cou rt.

No tossing of horseshoes while someone is in a pit or in t.h'e throwing lane. Horseshoes tumble when thrown and participants need to safely clear the pit.
Guests under the age of eighteen (18) years of age may play provided they a re supervised by an adult Patron and are physically capable of tossing a shoe to the pit. Supervising adu lts are responsible for children's safety.

INDOOR SPORTS COURTS
Various articles of equipment, if available, may be obtained from the equipment storage area.
Proper etiquette shall be adhered to at all times. The use of profanity or disruptive behavior is prohibited.

Proper athletic shoes and attire are required at all times while on the courts. Shirts must be worn. No black-soled shoes are allowed.

Proper safety equipment, such as protective eyeL  wear, mus•t be used when appropriate to the sport being played.

Beverages are permitted at the sports courts if they are contained in non-breakable containers with screw-top or sealed lids.

No chairs, other than those provided by the Districts, are perm itted on the sports courts. Guests under the age of eighteen (18) must be accompanied by an adult Patron.
Courts must be cle...aned up after use.

LAKES AND PONDS (FISHING)

Patrons may fish from any District owned lake/retention pond within the Lake Ashton Community Development District and Lake Ashton II Community Development District. Pl•ease check with the Amenity Manager for rules and reg ulations pertaining to fishing
and for proper access points to these bodies of water.
No water crafts of any kind are allowed in these bodies o'.f water e�x. cept for small remote-controlled boats intended for recreational purposes.
Swimming is not allowed in a•ny lake or retention pond.

LIBRARY/MEDIA CENTERS

There are two library/media centers; one in the Clubhouse and one in the Community Center. They have books, puzzles, computers, tables, and an area for reading.

Books and puz,i-z'  les are donated by Patrons for use by other Patrons. They may be
removed but must b•e• returned upon completion to either facility.

.. .

..

District computers and their content, including email, are subject to monitoring and access by the District at any time with or without consent or prior knowledge of the user. The District, reserves the right to monitor any use of network resources, to monitor computer and i nternet usage, including, but not limited to: sites visited, searches conducted, i nformation uploaded or downloaded and to access, retrieve and delete any data stored in, created, received, or sent over the network or using network resou rces for any reason.

•

It is strictly prohibited to use a District computer to seek, send or store Inappropriate.. Content (as defined herein). Internet browsing on websites with Inappropriate Content is prohibited. Users of District computers and i nternet are not permitted to store, download or transmit copyrighted materials on District computers or through District internet unless written permission of the District has been g ranted. Examples of copyrighted materials include, but are not limited to: commercial music, video, graphics, or other

•

i ntellectual property. The District will not provide for defense of violators of copyright or i ntellectual property rights. All doubt regarding whethe,;: r material is copyrighted, proprietary, or otherwise i nappropriate for duplication should be resolved in favor of not duplicating such information.
The District reserves the right to revoke th..e computer and/or i nternet privilege•s of any user at any time.

MEDIA:

to select, exclude, m odify, a. d.. d or delete material or portions of material subm itted for

District Media (as defined herein) is provided for the dissemination of factual commun ity information by the Districts to Distric• t Residents. The Districts reserve full ed i.t,orial rights

inclusion in District Media.

It is the intent of the Districts to maintain District Media as a non-public forum for the dissemination of factual commun ity information by the Districts to District R. e' sidents.

,

Lake Ashton clubs, groups or organizations that meet the criteria for a club under the Policies and are properly registered with the Amenity Manager, may submit material for inclusion in District Media.

..

All information included in District Media shall be limited to factual information, shall not advocate passage or defeat of a candidate, party, measure or other Political Issue, and shall not support, endorse or oppose a candidate for nomination or election to a public office or office of political pa rty or public officer.
The provisions hereunder rega• rding District Media shall not be interpreted to prohibit any publications, postings, mailings or information produced, endorsed or circulated by the Supervisor of Elections, local, state, federal or other government of competent jurisdiction over the Districts or to such publications, postings, mailings or information permitted under local, state or federal law.

'

The Districts may accept paid political advertising that complies with Chapter 1 06, Florida Statutes, and all applicable local, state and federal laws. The advertising rates for such paid political advertising shall be the same as those rates charged to other members of the public for paid advertising. It is the sole responsibility of the party submitting the paid political advertising to ensure the advertisements compliance with all

..   .. .	.

laws, including, but not limited to, those laws requiring mandatory language and/or a disclaimer within the paid political advertising.

.

Notwithstanding any of the foregoing, the Districts reserves full editorial rights to sele..ct, exclude, modify, add or delete material submitted for inclusion in District Media, including the right to edit material relating to Political Issues, and the Districts additionally reserve the right to include a disclaimer in District Media noting the Lake
Ashton Community Development District and the Lake Ashton Ii Community Developm•ent does not endo' rse or support a particular candidate, party, measure or issue.

PAVILION

.,.

Use of the Pavilion is by reservation only. Reservations can be made through the Amenities Manager's office.
The Pavilion is furnished with tables, chairs, fans, electricity, and grills. If you are unsure how to operate the grills or need assistance with any equipment, please contact the Amenity Manager or Staff for instructions.
If, at any time, the equipment at the Pavilion fails to operate properly, please contact the Amenity Manager or Staff for assistance.

-

Guests must be eighteen (1 8) years of age and older to operate the grills.
Ensure that the Pavilion and surrounding a• rea is clean and fre,e from trash and de..bris following any function. Patron who reserves and holds a function at the pavilion and fails
to clean up and return it to the condition in which it was obtained may be charged a clean-up fee by the Amenity Manager.

PET PARKS
Pet parks are open daily from sunrise to sunset. Specific times will vary based on the time of year.
The Lake Ashton II COD Security Staff will unlock and lock the gates daily. Both pet play parks welcome all sized dogs.

..

Dogs must be kept on a leash until through the transition gates. Owners must carry a leash with them at all times.
Owners are liable for the actions and behavior of their dogs at all times.

All dogs must wear a collar with identification , current license, and rabies certification. All dogs must have all req uired current vaccinations.
All dog waste must be cleaned up immediately by the owners and disposed of properly in the receptacles provided.
Aggressive or un ruly dogs must be leashed and removed from the parks immediately.
Dogs in  heat, displaying aggres...sio.n or si.gn's of illness or disease are prohibited from using the facility until the circumstances are corrected . This applies equally to dogs with
worms, fleas, or ticks.
All dog handlers must be at least eighteen (1 8) years of age.

No children a•re•

allowed in the parks without adult supervision.

Dogs are not allowed to dig holes. Their owners a re responsible for immediately stopping the digging and refillin"g any holes with soil.

PICKLEBALL
Pickleball courts can be reserved through the Amenity Manager. Non-reserved cou rts are available for open play on a first-come, first-served basis.

Use of a pic'. kleball court is lim ited to one hour when others are waiting,  unless the court is used pursuant to a re....se..rvation discussed above. Play may continue if no one is
waiting.
If you find it necessary to "bump" other players when it is your turn to play: Never attempt to enter someone else's court before your reservation time.
Never enter the court or distract players while others are in the middle. o.f a point or game.
Wait outside the entrance gate and politely inform the players that you have a reservation time.

..

Allow players to finish one more point, and then begin the player changeover for the c.o, u"rt.
If you are bumped from a court and wish to continue play, please notify the office Staff and they will do their best to get you on the next available court.

Proper pickleball etiquette shall b. e;)  adhered to at all times. The use of profan ity or disruptive behavior is prohibited.
Proper court shoes and attire, as determined by the Amenity Manager, are required a•t all times while on the courts. Shirts must also be worn at all times.
Due to demand, there is a three (3) Guest limit per court. Guests must be accompanied by a Patron and properly registered.
No jumping over nets.
Players must clean up after play. This includes "d...ead" balls, Styrofoam cups, plastic bottles, etc. The goal is to show common courtesy by leaving the court ready for play for Patrons who follow you.
Court hazards or damages must be reported to the Amenities Manager for repair.
No permanent boundary markers or lines may be placed on the courts, other than the existing lines.

Beverages are perm itted at the facility if they are contained in non-breakable containers with screw-top or sealed lids. No food or glass contai,ners are permitt•ed on the tennis courts.
No chairs, other than those provided by the District are perm itted on the pickleball courts.
Lights at the pickle..ball facility must be turned off after use. RESTAURANT

·.

The Lake Ashton Clubhouse restaurant is open to Patrons and Non-
Residents.  Operating hours and menu are determined by the restaurant and are pos-terd at the Clubhouse and on www.ashtonliving. net. Proper attire must be worn at all times when in the restaurant or when seated on its patio; shoes and shirts are req uired to receive service. All Patrons and Guests are also required to adhere to any posted Policy
reg.. arding the rel  s-taurant that has been approved by the Board of Supervisors.

SHUFFLEBOARD
Shuffleboard equipment, if available, may be obtained from the Shuffleboard storage closet.
Appropriate d ress is required on the court. Shirts and shoes are required at all times.

Pucks or sticks a re not to be thrown.
No person or person(s) should walk on or across the Shuffleboard Court.
Gu...ests. under eighteen (18) years of age may play if supervised by an adult Patron who
understands the rules and regulations of the game.

SPA
Spa is open during normal operating hours.
You must b..e thirteen (1 3) years of age to use the spa.
Children under the age of eighteen (1 8) must be accompanied b;. y an adult. Maximum capacity is seven (7) people.
No food or beverages are allowed within six (6) feet of the spa. Beverages must be in non-breakable containers with a lid .
SWIMMING POOLS

...

The S·,wimming pool is open for free swim unless restricted due to the scheduling of swim less•ons and aquatic/recreational programs approved by the Amen ity Manager.
There is no l ife guard on duty. Patrons and Guests swim at their own risk and must adhere to swimming pool rules at all times.

All Patrons must present proper identification or Guest Passes when requested by Staff. As a rule, a Resident may allow up to four (4) Guest•s to the swimming pool areas.
Use of the swimming pools is perm itted only durin..g designate.. d hours.
Pool and spa availabil ity may be limited or ro. t�a-ted in order to facilitate maintenance of
the facility and to maintain health code regulations.
Any person swimming during non-posted swimming hours will be subject to suspension and termination policy.
Guests under eighteen (1 8) years of age must be accompanied by an adult at all times Proper swim attire (no cutoffs) must be worn in the pool.

.

Children under three (3) years of age, and those who are not reliably toilet trained, must wear rubber-lined swim diapers, as well as a swimsuit over the swim diaper, to reduce
the health risks associated with hu• m'  an waste in the swimming pool/deck area.
Adults with bladder control issues or incontinence must wear appropriate a.t-tire. The changing of diapers or clothes is not allowed poolside.
Showers are required before entering the pool.
No one shall pollute the pool. Anyone who pollutes the pool is liable for any costs incu rred in treating and reopening the pool.
Loud, profane, or abusive lang• uag. e. is absolutely prohibited; no physical or verbal abuse will be tole••rated .
Diving is prohibited; no diving, jumping, pushing, running, throwing any item or oth.. er horseplay is allowed in the pool or on the pool deck area.
No pets (except service dogs), bicycles, skateboards, roller blades, scooters and golf carts are perm itted on the pool deck area.
Radios, tape players, CD players, MP3 players and televisions are not perm itted unless they are personal units equipped with headphones or for scheduled activities such as aqua fitness classes.

..

Play eq.u.ipm•ent, such as floats, rafts, snorkels, flotation devices and other recreational items must meet with Staff approval. Radio controlled water craft are not allowed at any

•

time in the pool area. The facil ity reserves the right to discontinue usage of such play equipment du ring times of peak or scheduled activity at the pool, or if t.,.he equipment causes a safety concern.
Pool entrances must be kept clear at all times.
No swinginlg on ladders, fences, or railings is allowed. Pool furniture is not to be removed from the pool area.
No food or drink are allowed within the area of the wet pool deck (.w. hich is defined as
the area within four (4) feet of the pool).

. .

Food and drinks are permitted"  outs,.ide the wet pool deck area. Glass containers, dishes, and drinking cups are prohibited. Food and non-alcoholic beverages may be brought to the pool area for personal use.

No chewing gum is perm itted in the pool or spa or on the surrounding deck areas. The Districts are not res,ponsible for lost or stolen items.
Chemicals used in the pool/spa may affect certa in hair or fabric colors. The Districts are not responsible for these effects.
The Amen,_it.y Manager will control whether swimming is permitted in inclement weather, and the pool facil ity may be closed or opened at their discretion . While at the Clubhouse outdoor Pool, ifthe lightning alarm sounds, all Patrons must evacuate the pool immediately.

TENNIS COURTS
Tennis courts can be reserved through the Amenity Manager. Non-reserved courts a re available for ope7 n play on a first-come, first-served basis. Pa• trons desiring to use the tennis courts should check with Staff to verify availability. Use of a tennis court is limited to one and a half (1 .5) hours when others are waiting, unless the court is used pursuant to a reservation discussed above. Play may continue if no one is waiting.

If you find..

it necessary to "bump" other players when it is your turn to play:

Neve• r a• ttempt to enter someone else's court before your reservation time.
Never enter the court or distra...ct players while others are in the middle of ..a point or game.
Wait outside the entrance gate and politely inform the players that you have a reservation time.
Allow players to finish one more point, and then begin the player changeover for the court.
If you are bumped from a court and wish to continue play, please notify the office Staff and they will do their best to get you on the next available court.
Proper tennis etiquette shall be adhered to at a• ll times. The use of profanity or d isruptive behavior is prohibited.
Proper tennis shoes and attire are req ui red at all times while on the courts. Shirts must be worn at all times.
Guests are limited to three (3) to a single courts. Guests under the.  a.ge of eighteen (1 8)
are not allowed to use the tennis facility unless accompanied by an adult Patron.

No jumping over nets.
Players must clean up after play. This includes "dead" balls, Styrofoam cups, plastic bottles, etc. The goal is to show common courtesy by leaving the court ready for play for Patrons who follow you. 
C.o• urt hazards or damages of any type need to be reported to the Amenity Manager for repair.
Persons using the tennis facility must supply their own equipment (rackets, balls, etc.).
No permanent boundary markers• or lines may be placed on the tennis courts, other than the existing tennis lines.
Beverages are perm itted at the tennis facil ity if they are contained in non-breakable containers with screw-top or sealed lids. No food or glass containers are permitted on the tennis courts.
No chairs, other than those provided by the District, are perm itted on the Ten nis Courts. Lights at the tennis facil ity must be turned off after use.
A Spinshot tennis ball machine is available at the Clubhouse tennis facility. Use of the machine must be used in accordance with posted instructions. Training for the use of the equipment must occur prior to use and persons using this piece of equipment do so at their own risk.

RESOLUTION NO. 2019-0•8
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LAKE ASHTON COMMUNITY  DEVELOPMENT  DISTRICT  SETTING  A  PUBLIC HEARING
TO	BE	HELD	ON	_ 	_,	2019	AT	__	A.M.	AT
 	, FOR THE PURPOSE OF HEARING PUBLIC COMMENT ON THE ESTABLISHMENT OF A JOINT AMENITY POLICY IN ACCORDANCE WITH CHAPTERS 120 AND 190, FLORIDA STATUTES.
WHEREAS, the Board of Supervisors ("Board") of the Lake Ashton Community Development District (the "District"), pursuant to Board action, has previously determined to establish and/or modify rules and policies for the utilization of shared community amenity facilities within the District and the Lake Ashton II Community Development District ("LA II District"), and the Board, in cooperation with the LA II District, has also determined to establish rules and policies related to the joint amenity facilities (the "Joint Amenity Policy"), the Board now desires to hold a public hearing to consider the advisability and propriety of said rules and policies, and also desires to provide notice of said public hearing; and
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE LAKE ASHTON COMMUNITY DEVELOPMENT DISTRICT, POLK COUNTY, FLORIDA:

That there is hereby declared a public hearing to be held at

___ a.m.,

_ __

__ , 2019, at 	___

 	_ 	

for

the purpose of hearing comment and obj ection to the Joint Amenity Policy. Affected patties may appear at that hearing or submit their comments in writing prior to the meeting to the office of the District Manager, 135 W. Cenh·al Blvd, Suite 320, Orlando, FL 32801 .
That the Board also hereby authorizes preliminary, proposed Joint Amenity Policy, attached hereto as Exhibit "A".
That notice of said hearing shall be advertised in a•ccordance with Chapters 120 and 190 Florida Statutes, and the District Manager is hereby authorized to place said notice in a newspaper of general circulation within Polk County.
That this Resolution shall become effective upon itspassage.

[SIGNA TURES ONFOLLOWING PA GE.}

Resolution 2019-08
Lake Ashton Community Development District

SIGNATURE PAGE TO RESOLUTION 2019-08 LAKE ASHTON COMMUNITY DEVELOPMENT DISTRICT

PASSED AND ADOPTED this 26th day of July, 2019.

ATTEST:

Secretary / Assistant Secretary

Resolution 2019-08
Lake Ashton Colllll1unity Development District

BOARD OF SUPERVISORS OF THE LAKE ASHTON	COMMUNITY DEVELOPMENT
DISTRICT, a Florida community development district

Chairman / Vice Chairman

2

EXHIBIT "A"
PRELIMINARY JOINT AMENITY POLICY

3
Resolution 2019-08
Lake Ashton Community Development District

RESOLUTION 2019-10
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT TO DESIGNATE DATE, TIME AND PLACE OF PUBLIC HEARING AND AUTHORIZATION TO PUBLISH NOTICE OF SUCH HEARING FOR THE PURPOSE OF ADOPTING AMENITY FACILITIES' POLICIES FOR THE DISTRICT'S AMENITIES; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Lake Ashton II Community Development District (the "District") is a special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within the City of Winter Haven, Polle County, Florida; and
WHEREAS, Chapter 190, Florida Statutes, authorizes the District's Board ofSupervisors ("Board") to adopt rules setting amenity facilities' policies pursuant to Chapter 120, Florida Statutes.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT:
SECTION 1. A public hearing will be held to adopt joint revised amenity facilities' policies for the District, which the Lake Ashton Community Development District will jointly consider adopting, as follows:
Date:
Time:
Location:

SECTION 2. The Districts shall publish notice of the public hearing to consider the adoption ofthe proposed amenity facilities' policies in accordance with Section 120.54, Florida Statutes.
SECTION 3. This Resolution shall become effective immediately upon its adoption.
PASSED AND ADOPTED this        day of 	, 2019.

ATTEST:

Secretary/Assistant Secretary

LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT

Vice/Chairperson, Board of Supervisors