Stoneybrook South at ChampionsGate Community Development District

Agenda November 2, 2020

A GENDA

Stoneybrook South at ChampionsGate
Community Development District

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

October 26, 2020

Board of Supervisors
Stoneybrook South at ChampionsGate Community Development District

Dear Board Members:

The meeting of the Board of Supervisors of the Stoneybrook South at ChampionsGate Community Development District will be held Monday, November 2, 2020 at 11:30 a.rn. at the Oasis Club at CharnpionsGate, 1520 Oasis Club Blvd., CharnpionsGate, FL 33896. Following is the advance agenda for the meeting:

Roll Call
Public Comment Period
Organizational Matters
Administration of Oaths of Office to Newly Elected Board Members
Consideration of Resolution 2021-01 Canvassing and Certifying the Results of the Landowners' Election
Election of Officers
Consideration of Resolution 2021-02 Electing Officers
Approval of Minutes of the September 14, 2020 Meeting
Consideration of Right of Way Utilization Agreement with Osceola County for Landscape, Hardscape, Specialty Street Signs and Irrigation
Consideration of Resolution 2021-03 Authorizing Staff to Commence Work Related to a
2020 Special Assessment Bond Issuance
Consideration of Underwriting Agreement and G-17 Disclosure with FMSbonds, Inc.
Financing Matters
Consideration of Supplemental Engineer's Report for Fox South and Fox North Properties
Consideration of Master Assessment Methodology for Fox South Assessment Area
Consideration of Resolution 2021-04 Declaring Special Assessments
Consideration of Resolution 2021-05 Setting a Public Hearing for Special Assessments
Staff Reports
Attorney
Engineer
District Manager's Report
Approval of Check Register
Balance Sheet and Income Statement
Other Business
Supervisor's Requests
Adjournment

Immediately preceding the Board of Supervisors meeting will be a Landowner's Meeting of the Stoneybrook South at ChampionsGate CDD.

The second order of business is the Public Comment Period where the public  has  an opportunity to be heard on propositions coming before the Board as reflected on  the  agenda, and any other items.

The third order of business is the Organizational Matters. Section A is the administration of the Oaths of Office to the newly elected Board Members. There is no back-up material. Section Bis the consideration of Resolution 2021-01 canvassing and certifying the results of the landowners' election. A copy of the Resolution is enclosed for your review. Section C is the election of officers and Section Dis the consideration of Resolution 2021-02 electing officers. A copy of the Resolution is enclosed for your review.

The fourth order of business is the approval of the minutes of the September 14, 2020 meeting. The minutes are enclosed for your review.

The fifth order of business is the consideration of the right of way utilization agreement with Osceola County for landscape, hardscape, specialty street signs and irrigation. A draft copy of the agreement is enclosed for your review.

The sixth order of business is the consideration of Resolution 2021-03 authorizing staff to commence work related to a 2020 special assessment bond issuance. A copy of the Resolution is enclosed for your review.

The seventh order of business is the consideration of underwriting agreement and G-17 Disclosure with FMSbonds, Inc. A copy of the agreement is enclosed for your review.

The eighth order of business is the Financing Matters. Section A is the consideration of the Supplemental Engineer's Report for Fox South and Fox North Properties and Section Bis the consideration of the Master Assessment Methodology for the Fox South Assessment Area. Both reports are enclosed for your reviews. Section C is the consideration of Resolution 2021-04 declaring special assessments and Section D is the consideration of Resolution 2021-05 setting a public hearing for special assessments. Both Resolutions are enclosed for your review.

The ninth order of business is Staff Reports. Sub-Section 1 of the District Manager's Report includes the check register for approval and Sub-Section 2 includes the balance sheet  and income statement for review.

The balance of the agenda will be discussed at the meeting. In the meantime, if  you should  have any questions, please contact me.

r-

Sincerely,

George S. Flint District Manager

Cc:	Jan Carpenter, District Counsel David Reid, District Engineer

Enclosures

S E.C	TIO N 111

S ECTION B

RESOLUTION 2021-01

A RESOLUTION CANVASSING AND CERTIFYING THE RESULTS OF THE LANDOWNERS' ELECTION OF THE STONEYBROOK SOUTH AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT HELD PURSUANT TO SECTION 190.006(2), FLORIDA STATUTES

WHEREAS, pursuant to Section 190.006(2), Florida Statute, a landowners' meeting is required to be held within 90 days of the District's creation and every two years following the creation of a Community Development District for the purpose of electing three (3) supervisors for the District; and

WHEREAS, following proper notice of once a week for 2 consecutive weeks in a newspaper of general circulation in the area of the District, the last day of such publication to be not fewer than 14 days or more than 28 days before the date of the election, such landowners meeting was held on November 2, 2020, at which the below­ recited persons were duly elected by virtue of the votes cast in their  respective favor;  and

WHEREAS, the Board of Supervisors by means of this Resolution desire to canvas the votes and declare and certify the results of said election;

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE STONEYBROOK SOUTH AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT:

The following persons are found, certified, and declared to have been duly elected as Supervisors of and for the District, having been elected by the votes cast in their favor as follows:

Supervisor	# of Votes	 	Terms	

4 Year Term

4 Year Term 2YearTerm
The terms of office shall commence immediately upon the adoption of this Resolution:

Adopted this 2nd day of November, 2020.

Secretary/ Assistant Secretary	Chairman/Vice Chairman

SECTION D

--·- -	---:::-::- -

RESOLUTION 2021-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE STONEYBROOK SOUTH AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT ELECTING THE  OFFICERS  OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE

WHEREAS, the Stoneybrook South at ChampionsGate Community Development District (the "District") is a local unit of special purpose government created and  existing pursuant to Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors of the District ("Board") desires to elect the Officers of the District.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE STONEYBROOK SOUTH AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT:

Section 1.

Section 2.

_   _   _   _   _   _   _

_   _   _   _   _   _   _

_ _ _ is elected Chairperson.

_ _ _ is elected Vice-Chairperson.

Section 3.	 	is elected Secretary.

Section 4.

_   _   _   _   _
_   _   _   _   _
_   _   _   _   _
_   _   _   _   _

_   _   _   _
_   _   _   _
_   _   _   _
_   _   _   _

_  is elected Assistant Secretary.
_ is elected Assistant Secretary.
_  is elected Assistant Secretary.
_ is elected Assistant Secre tary.

Section 5.

Section 6.

-	-	-	-	-	-	-	-	-	-

-	-	-	-	-	-	-	-	-	-

is elected Treasurer.

is elected Assistant Treasurer.

Section 7.	This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED this 2nd day of November, 2020.

ATTEST:	STONEYBROOK	SOUTH	AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson/Vice-Chairperson

M INUTES

MINUTES OF MEETING STONEYBROOK SOUTH AT CHAMPIONSGATE
COMMUNITY DEVELOPMENT DISTRICT

The Regular meeting of the Board of Supervisors of the Stoneybrook South at ChampionsGate Community Development District was held Monday, September 14, 2020 at 11:30 a.m. via Zoom Teleconference.

Present and constituting a quorum were:

Adam Morgan Lane Register Tim Smith Patrick Hails

Also present were:

George Flint Kristen Trucco David Reid Alan Scheerer

FIRST ORDER OF BUSINESS

Chairman
Vice Chairman Assistant Secretary Assistant Secretary

District Manager District Engineer District Engineer Field Manager

Roll Call

Mr. Flint called the meeting to order and called the roll. Four Board members were in attendance via Zoom constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Flint: It does appear we have a number of members of the public on the meeting. We have a public comment period at the beginning of the meeting and we would take comment on any thing that is on the agenda or not on the agenda that you would like to bring to the Board's attention. Now is the time for you to provide that input. We will open the floor for public comment. For the record, the Governor issued an executive order that allows government entities to hold meetings electronically due to COVID. That executive order extends through the end of August. We advertised the Zoom link in our legal notice. It's in the agenda and it's also on the District's website. Are there any members of the public that want to provide input? I'm not hearing any, so we will go ahead and move on to the next item.

September 14, 2020	Stoneybrook  South at ChampionsGate CDD

TIDRD ORDER OF BUSINESS	Approval of Minutes of the August 3, 2020
Meeting
Mr. Flint: Did the Board have any comments, corrections, or changes to the August 3, 2020 meeting minutes?
Mr. Morgan: They look good to me George.

On MOTION by Mr. Morgan, seconded by Mr. Register, with all in favor, the Minutes of the August 3, 2020 Meeting, were approved.

FOURTH ORDER OF BUSINESS	Consideration of Proposals for Installation
of Fountains in District Ponds
Mr. Flint: We were contacted by Neil Roberts, who is the Chair of the Resident Advisory Committee for the Homeowners Association and he has been working on a project to try and get additional fountains installed in the various ponds within the CDD. He has supplied us with a map and some proposals. There are individual proposals for ponds 1, 2, 3, 4, 5, 6, and two for pond 10. They all appear to range from $25,000 per pond. Alan, you have reviewed the maps and proposal, do you want to provide input? Mr. Roberts is also on and he can provide input since he is the one that's asked for this to be added to the agenda.
Mr. Roberts: Hi George, this is Neil Roberts and I want to thank you for adding this to the agenda. I think it's an important aspect that the community is looking for the CDD to review. Not only does it provide aesthetically an improvement to the view of the community, but also adds value to the overall community by having the fountains. It also controls stagnation and controls a lot of the bugs that we get around the ponds, mosquitos, etc. That's a health risk and also a health reason for asking for these particular ponds to be put in place around the community. So, thanks for your consideration. I did provide the information on the maps. On the second map, the practice facility and the hole 18 are not part of the CDD's responsibilities. So that's not being considered, but it is the ponds on the 1st map and the pond number 10 on the 2nd map which is up for consideration for Stoneybrook South at ChampionsGate. We did get these quotes which we submitted as well for the cost that are appropriate for installation of these ponds. Alan, I'll hand it over to you.
Mr. Scheerer: I think you hit the nail on the head. On the pt map marked 1, 2, 3, 4, 5, and 6 are all at Stoneybrook South at CharnpionsGate CDD, along with that Tract A pond labeled 10 on the 2nd map. Those all fall within the Stoneybrook South at ChampionsGate CDD. I know that there were no funds allocated in the 2021 budget for fountains. We didn't have any of this

2

September 14, 2020	Stoneybrook South at ChampionsGate COD

information or numbers for the request at that time. So, I can try to answer any questions that the Board may have at this time.
Mr. Flint: Does the Board have any questions or comments on the proposals? I will just
reiterate what Alan indicated. The fiscal year starts on October 1st• The budget has already been adopted for the Fiscal Year 2021. There is no funds appropriated either for the capital or the ongoing operating budgets for the fountains within Stoneybrook South at ChampionsGate. The Stoneybrook South CDD is in a different situation. It installed 2 fountains, I think last fiscal year, and those funds to install and maintain that are obviously separate from the Stoneybrook South at ChampionsGate. That's an established District that has adequate reserves and a fund for capital expenses such as that. So, does the Board have any comments or questions on the proposal?
Mr. Morgan: Alan, I don't think the complete map came through on my agenda. How many ponds are on the CDD and how many are on the golf course?
Mr. Scheerer: There are 7 that are CDD for Stoneybrook South at ChampionsGate, and 1
which would actually be golf. On the map that is indicated as number 9. As George eluded to the 18th tee and the 18th fairway pond would fall to the Stoneybrook South COD, not this CDD. So, we are looking at a total of 7 ponds.
Mr. Flint: The only proposals included in your agenda were related to those 7 ponds. I'm just rounding. It's a total capital expense of about $160,000.
Mr. Morgan: Well, I can't speak directly for the golf course itself, or Icon, but I can speak on behalf of Lennar who is still deficit funding the golf course. The golf course is yet to make a profit, so it's still deficit funding. I'd be very doubtful iflcon or the golf course would be willing to fund it at this point. However, we could bring it up with them.
Mr. Flint: Adam what we are considering here is the 7 proposed fountains and CDD ponds.
Mr. Morgan: Correct, but we don't have it in the budget for this year, I was just referring to the one golf course pond for the record.
Mr. Flint: Okay. I think what I'm hearing is it's a timing issue on request and then going forward in the next budget process, we would have to determine whether or not they were able to appropriate these funds to be able to construct these fountains. I think it's good the Board has this information at this point, but I'm not sure there's any action the Board can take. Looks like Dominick is just joining.

3

September 14, 2020	Stoneybrook South at ChampionsGate CDD

Mr. Morgan: George, is there a way we can make sure that this get put in for consideration for the 2022 budget?
Mr. Flint: Yes, we can make a note to incorporate this and then the Board can decide at that point.
Mr. Roberts: Are there no funds available to do that sooner? As an exception to the budget? I think 15 and 16 when they were put in, I'm not sure they were included in the 2020 budget. I think they were exceptions. I may be wrong, but is there not something available for us to put those in sooner?
Mr. Flint: Mr. Roberts the difference is that the Stoneybrook South CDD has over
$1,000,000 dollars in there Capital Reserve. So, they had funds that where that Board could appropriate to install those fountains. In the case of Stoneybrook South at ChampionsGate CDD, we don't have that. This is a developing community, and so it's not capitalized like the Stoneybrook South CDD is. That District is significantly older and established and had funds in place already. At this point, Lennar is paying the shortfall due to the funding agreement, so anything not paid through assessments that homeowners pay, would be the responsibility of the Developer. Being that it's not appropriated and not in the budget, it would be something that under that Developer Funding agreement, they would be obligated to provide any funding for it. I don't know that there is much more than the Board can do at this point, other than accept the information and put it in the planning process for the next fiscal year.
Mr. Roberts: The deficit funding is not for the CDD that's for the community. Mr. Flint: It's for both.
Mr. Roberts: It's for the CDD as well?
Mr. Flint: Yes, because they've got north of Bellacita that is not all fully platted. There's on-gong operating expenses that are not on the tax roll so they are deficit funding and any short fall between what the assessments generated and what the actual costs are. So, this would be through that funding agreement something that the Developer would have to pay at this point because there's no Capital Reserve to pay $160,000 of unplanned expenses.
Mr. Roberts: All I can ask then is that it is planned for the next round of budget discussions. Mr. Flint: Okay.
Mr. Morgan: I think that's fair George, so just put it on for the consideration for next year's
budget.

4

September 14, 2020	Stoneybrook South at ChampionsGate CDD

Mr. Flint: Okay, and that's Adam Morgan speaking, he's the Chair of the CDD. We will incorporate this, the budget process for the next fiscal year starts in May. There will be a proposed budget adoption for 2021, and the final adoption will be in August of 2021. Thank you for bringing that to the Board Mr. Roberts.
Mr. Roberts: Thank you.

FIFTH ORDER OF BUSINESS	Ratification	of	Temporary	Access
Easement Agreement
Mr. Flint: This agreement was executed by myself. This is a homeowner that wanted to install a pool and they needed to cross a portion of a CDD pond. We executed this Access Agreement allowing them to do that providing restoration clauses, liability provisions, time frames for when they could use it, etc. This has already been executed by the Chair and we are asking the Board to ratify the agreement.

On MOTION by Mr. Morgan, seconded by Mr. Register, with all in favor, the Temporary Access Easement Agreement, was ratified.

SIXTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Flint: Kristen, anything else for the Board?
Ms. Trucco: We are pretty quiet here; we have nothing new to report to the Board today.

Engineer
Mr. Flint: Dave, do you have anything? Mr. Reid: Nothing new.

District Manager's Report
Approval of Check Register
Mr. Flint: We have a summary from the checks from July 27th through September 8t•h It
totals $36,235.66. The detailed register is behind the summary. If the Board has any questions we can discuss them. If not, is there a motion to approve it?

On MOTION by Mr. Morgan, seconded by Mr. Register, with all in favor, the Check Register totaling $36,235.66 was approved.

5

September 14, 2020	Stoneybrook South at ChampionsGate CDD

Balance Sheet and Income Statement
Mr. Flint: You have the unaudited financials through August 3 l51• This is the first 11 months of Fiscal Year 2020. There is no action required. If there any questions on the financials we can discuss them. Hearing none,

SEVENTH ORDER OF BUSINESS	Other Business
Mr. Flint: Alan do you have anything for Field Manager.
Mr. Scheerer: Yes, just for everybody's benefit last Friday myself, Down to Earth, Tim Smith, and the install contractor, Cherry Lake walked the Westside Boulevard portion of Fox. That was reviewed with some minor changes. Cherry Lake has agreed to go ahead and perform maintenance this week. They will go ahead and get everything mowed, cleaned up, edged, and trimmed. Then the following week Down to Earth will go ahead and start maintenance. So, we will have all of Westside Boulevard and the ponds associated with the Fox Tract. The Board did approve that agreement in the meeting in August, so we are good to go.
Mr. Morgan: You can thank me later for cleaning the street. Cherry Lake did a horrible job keeping their job site clean.
Mr. Scheerer: Yes sir. Thank you too. I didn't know who had cleaned the street, but it looked better than it did the week before. Thank you.
Mr. Flint: Is there anything else from the Board?
Mr. Morgan: George and Tim, really quick. If we enter into these landscaping contracts, we need to make sure we put in the contract that they keep the streets clean.
Mr. Smith: I agree Adam. I've been on them about it they just don't get it done.
Mr. Morgan: If it's in their contract we can hold them to it. If it's not in the contract they just laugh at us.
Mr. Flint: I think that's on the install side, so I think those contracts are between the
contractor.

EIGHTH ORDER OF BUSINESS
There being none, the next item followed.

NINTH ORDER OF BUSINESS

Supervisor's Requests

Adjournment

6

September 14, 2020	Stoneybrook South at ChampionsGate CDD

On MOTION by Mr. Morgan, seconded by Mr. Register, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

7

S ECTION V

RIGHT OF WAY UTILIZATION AGREEMENT
FOR LANDSCAPE, HARDSCAPE, SPECIALTY STREET SIGNS AND IRRIGATION

This Agreement made and entered into this  	

day of 	,, 20     

, by

and J,etween O SCEOLA . COUN    TY,. l_Courthouse _Squ    are Suite)  l 00 Kissimmee, Florida 34741,, _

(._D_e_le_te_d_:

_ _ _ _

_    _    _  _   _ 	 ,,)

hereinafter   leferred    to   p.s    Jhe       ;•COUNTY"   i.:l:1.1.4 .,i,he  _     TQN Y. 13.QQ)'(     S_OUTH AT"
CHAMPIONSGATE	COMMUNITY	DEVELOPMENT      DlSI  RlCT.      cio     Governmental \
Mana l!ement Services - Central Florida. LLC. 21 E Livi,n s ton .'treet Orlando Florida 32801 hereinafter reforred to as the ·'LICENSEE".
'·-·-·   -· ···--  The COUNTY'S issuance_of a right_ of      utilization permit to _t he LICENSEE is subject to the terms and conditions of this Agreement and the right of way  utilization regulations  adopted by the COUNTY in the Land Development Code for the following described limits and as graphically shown on Exhibit "A";

(D elete 

I

- -- --

Deleted:	)	
Deleted:	J	
Deleted:	)	
1 Deleted:	
Deleted:	;	
Deleted:
, hereinafter referred to as the "LICENSEE".	

)

Name ofRoadway: t iddlo.ple}:!!r.di.hfil nJ}ou11gary l a119Jlmmdf:!!¥ 2 Iabelled.illl.f',MJ.il?.iJ

" A" attached hereto·).

Deleted:	 Deleted:

J.. im its of Works: _LJi&@,yifil n.filiill_  	!.J	    n      MJ.4J   WJ	    Il,g,,_		!:1Qi	   ,.  . i   ns and irri0  ation  im,    rovem en s    n    '  stside Boulevard  between the  limits of Boundarv
I and	Boundarv   2  labelled   on    Exhibit  "A"   attached   hereto.   Licensee   is  not   res ponsible   for

_o[_,._e -el_te_  d

..;.     _ L_  im_is_to_r w_ _or_ ks_ : _-, _    _    _

_ 	) 

maintaining  utilities.  drainage  svstems.  curb  ramps.  pavemenl   standard   ref.!ulato,  r s tripin g. or traffic control devices and traffic signals.

CONDITIONS OF PERMIT

siima 11e and 

The LICENSEE shall be responsible to maintain all sod, landscaping, hardscaping, specialty street signs and irrigation improvements within in the limits of works in the entire right of way regardless if the LICENSEE installed the improvements. The LICENSEE shall not be responsible to maintain, utilities, drainage systems, curbs and curb ramps, pavement, standard regulatory signage and striping, or traffic control devices and traffic signals.

The LICENSEE shall not, while installing or maintaining the landscaping, hardscape, specialty street signs andior irrigation, damage or disturb any portion of the COUNTY right of way

( Formatted: Indent Left: O", Hanging:  0.25"	)

without prior written approval by the COUNTY and the COUNTY's prior written approval of a plan to restore the disturbed area.

Nothing contained herein or by virtue of the installation and/or maintenance of the landscaping, hardscape, specialty street signs and/or irrigation shall give or grant the LICENSEE any prescriptive or adverse right, title or interest in the COUNTY right of way. Neither this Agreement, nor any other permits issued by the COUNTY to the LICENSEE shall create any property right in the COUNTY's right of way. LICENSEE agrees that it shall not attempt to record this Agreement or any other permit(s) in the official land records of Osceola County, Florida. Any attempt to record either this Agreement or any other permit(s) shall be cause for immediate termination of this Agreement and the other permit(s) by the COUNTY.

I Deleted: (SDP or U nwnber))	)	
I Deleted:	
I Deleted:	
I Deleted: (SDP or U nwnber)	

The  installation   shall  be  constructed   as  shown  on $ DP19-0035,.J ll accordance	with Jtll ., _.­
specifications and design standards  that are part of,.S.DJ:1,9:Q0ll,		,

The installation shall be constructed and maintained in such a manner as it will not interfere with the intended use of the COUNTY right of way or create a safety hazard for the use of the COUNTY right of way by the Public.

If any of the LICENSEE'S landscape, hardscape, specialty street signs, and/or irrigation improvements cause a safety hazard, cause damage to any other improvements within the COUNTY right of way, or interfere with any construction, reconstruction, alteration, modification or improvement by the COUNTY, the hazard or interference shall be removed or relocated by LICENSEE within 24 hours ofreceipt ofnotification from the COUNTY. Failure to remove or relocate the hazard or interference within the said 24 hour period shall entitle the COUNTY to remove the specific hazard or interference and the LICENSEE shall pay any costs incurred by the COUNTY for such removal or relocation. Failure to remove or relocate the hazard or interference within 24 hours of receipt of notice from the COUNTY, and failure to reimburse the COUNTY for the cost incurred by the COUNTY to remove or relocate the hazard or interference, shall each be cause for immediate termination of this Agreement and the permit by the COUNTY.

1 P a g e

If the hazard that is created by the installation or maintenance of the permitted landscaping, hardscaping, specialty street signs, and/or irrigation improvements is determined by the COUNTY, in its sole and absolute discretion, to be of such significance that it is creating an immediate danger to users of the right of way or any improvements within the right of way, the COUNTY may immediately, and without prior notice to the LICENSEE, remove or eliminate said hazard and require the LICENSEE to reimburse the COUNTY for all cost associated with the removal or elimination of that hazard. Failure to reimburse the COUNTY for the cot incurred by the COUNTY to remove or eliminate the hazard shall be cause for immediate termination of this Agreement and the permit by the COUNTY.

The landscaping, hardscape, specialty street signs, and/or irrigation improvements within the COUNTY right of way shall be located and maintained in such a manner as to not create a sight distance problem for existing or future driveway or road connections. Sight distance standards shall be those set forth in the latest edition of the FDOT Design Standards or County Land Development Code. Upon receipt of notice from the COUNTY that landscaping, hardscape, specialty street signs, and/or irrigation improvements installed by the LICENSEE creates a sight distance safety hazard, LICENSEE shall remove and relocate LICENSEE's improvements at LICENSEE's sole cost and expense, to the extent necessary to comply with the latest edition of the FDOT Design Standards and/or Land Development Code sight distance regulations. Removal and relocation shall be completed within 24 hours of the LICENSEE's receipt of the COUNTY's notice. Failure to remove and relocate non-compliant improvements within 24 hours shall be cause for immediate termination of this Agreement and the permit by the COUNTY.

Irrigation systems installed by the LICENSEE in the COUNTY right of way are not listed with utility relocation companies and as such may be damaged by other right of way users, licensees and/or easement holders. The COUNTY will not be responsible for any damage to the LICENSEE's irrigation systems installed in conjunction with this Agreement resulting from the issuance by the COUNTY of a right of way utilization permit and/or Site Development Plan Approval to any such user or resulting from any other user's activities within the COUNTY right of way. The LICENSEE agrees that before installation any improvements

1 P a g e

within the right of way, LICENSEE will contact "Sunshine State One Call" and withhold commencement of work until all underground utilities have been properl)'. located and marked.

Except for termination by the COUNTY due to safety concerns or non-reimbursement of costs incurred by the COUNTY set forth above, this Agreement and the permit may be terminated by either party, with or without cause, upon provision of thirty (30) days advance written notice to the other party. LICENSEE agrees that prior to the LICENSEE's notification of termination of this Agreement, LICENSEE shall remove its improvements from the COUNTY right of way and return the impacted area to the condition it was in prior to the LICENSEE's installation of its improvements.

The LICENSEE agrees to be liable for any and all damages, losses, and expenses incurred, by the COUNTY, caused by the acts and/or omissions of the LICENSEE, or any of its
employees,  agents,  sub-contractors, representatives, volunteers,  or  the like.    1.t\'lllt ··-	"
rn,•rmitted bv law. the LICENSEE agrees to indemnify, defend and hold the COUNTY harmless for any and all claims, suits,judgrnents or damages, losses and expenses, including but not limited to, court costs, expert witnesses, consultation services and attorney's fees, arising from any and all acts and/or omissions of the LICENSEE, or any of its employees, agents, sub-contractors, representatives, volunteers, or the like. Said indemnification, defense, and hold harmless actions shall not be limited by any insurance amounts required hereunder.

(  Deleted: The	)

INSURANCE
The LICENSEE shall not commence any installation and/or maintenance work in connection with this Agreement until it has obtained all of the following types of insurance and has provided proof of same to the COUNTY, in the form of a certificate prior to the start of any work, nor shall the LICENSEE allow any subcontractor to commence work on its subcontract until all similar insurance required of the subcontractor has been so obtained and approved. All insurance policies shall be with insurers qualified and doing business in Florida.

The LICENSEE shall maintain the following types of insurance, with the respective minimum limits:

AUTOMOBILE LIABILITY: Combined Property Damage and Bodily Injury, One Million Dollars ($1,000,000.00)-Any Auto:

4JPage

GENERAL  LIABILITY:	One Million Dollars ($1,000,000.00) each occurrence:

DAMAGE TO RENTED PREMISES - Fifty Thousand Dollars ($50,000.00) Any single occurrence:

MEDICAL EXPENSES: Five Thousand Dollars ($5,000.00), any one person;

PERSONAL & ADVERTISING INJURY: ($1,000,000.00);

One Million Dollars

GENERAL AGGREGATE: One Million Dollars ($1,000,000.00);

PRODUCTS - COMPLETED OPERATIONS AGGREGATE; One Million Dollars ($1,000,000.00)

EXCESS/UMBRELLA COVERAGE: One Million Dollars ($1,000,000.00); and,

WORKERS' COMPENSATION: Employers liability insurance which covers the statutory obligation for all persons engaged in the performance of the work required hereunder with limits not less than $1,000,000.00 per occurrence. Evidence of qualified self-insurance status will suffice for this subsection. The LICENSEE understands and acknowledges that it shall be solely responsible for any and all medical and liability costs associated with an injury to itself and/or to its employees, subcontractors, volunteers, and the like, including the costs to defend the COUNTY in the event of litigation against same.

The LICENSEE shall name the "Osceola County Board of County Commissioners" as additional insured, to the extent of the services to be provided hereunder, on all required insurance policies, and provide the COUNTY with proof of same.

The LICENSEE shall provide the COUNTY's Procurement Services with a Certificate of Insurance evidencing such coverage for the duration of this Agreement. Said Certificate oflnsurance shall be dated and show:

The name of the insured LICENSEE,
The specified job by name and job number,
The name of the insurer,
The number of the policy,
The effective date,
The termination date,
A statement that the insurer will mail notice to the COUNTY at least thirty (30) days prior to any material changes in the provisions or cancellation of the policy.

SI Page

The Certificate Holders Box must read as follows. Any other wording in the Certificate Holders Box shall not be acceptable.

Osceola County Board of County Commissioners c/o Director of Human Resources
1 Courthouse Square, Suite 4200
Kissimmee, Florida 34741

Receipt of certificates or other documentation of insurance or policies or copies of policies by the COUNTY, or by any of its representatives, which indicates less coverage than is required, does not constitute a waiver of the LICENSEE's obligation to fulfill the insurance requirements specified herein.

The LICENSEE shall ensure that any sub-contractor(s), hired to perform any of the duties contained in the Scope of Services of this Agreement, maintain the same insurance requirements set forth herein. In addition, the LICENSEE shall maintain proof of same on file and made readily available upon request by the COUNTY.

The COUNTY shall be exempt from, and in no way liable for, any sums of money which may represent a deductible in any insurance policy. The payment of such deductible shall be the sole responsibility of the LICENSEE and/or subcontractor providing such insurance.

All insurance carriers shall have an AM Best Rating of at least A- and a size of VII or larger. The General Liability and Workers' Compensation policies shall have a waivc;:r of subrogation in favor of Osceola County. The liability policies shall be Primary/Non­ Contributory.

Provisions, restrictions and conditions of this Agreement shall not be modified or amended except in a written instrument which has been executed and acknowledged by authorized representatives of the LICENSEE and the COUNTY.

All notices required or desired pursuant to this Agreement shall be made in writing and shall be delivered through the United States Postal Services, first class mail, postage prepaid and addressed to the following addresses:

To the COUNTY:	Osceola County
Public Works Director
l Courthouse Square, Suite 3100 Kissimmee, Florida 34741

61Page

To the LICENSEE:	Stone ·br    k South at  "'ham   ionsGate Communitv  Develo  ment District	 	

-   --	-------,

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219 East Livin Bs ton Street	 	
 	Orlando. Florida 32801
 		Attention: Geor e Flint District Manager Telenhone: <407 ) 841-5524

(SIGNATIJRE PAGE TO FOLLOW)

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IN WI1NESS WHEREOF, the parties have hereunto executed this Agreement on the day, month and year last executed below.

WI1NESSES:

LICENSEE:
(Insert Name)

Printed _ _ _ _

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BY: _ _

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Date:_ _ _ _

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Title: - - - - - - - - - - - -
Date:-- ---- ---- ---

STATE OF FLORIDA
COUNTY OF _ _ _ _ _ _ _

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authorized to execute this Agreement and who is personally known to me OR has produced

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_ _ _ as identification.

(SEAL)	Notary Public

SI P a  g e

BOARD OF COUNTY COMMISSIONERS OF OSCEOLA COUNTY, FLORIDA

By: _ _ _ _ _ _ _ _ _ _ _ _
County Manager/Designee

Date: _ _ _

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ATTEST:

OSCEOLA COUNTY CLERK OF THE BOARD

By:_ _ _

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_   _   _	Date:_ _ _

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4'	Westside Boulevard

S ECTION·VI·

RESOLUTION NO. 2021-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF STONEYBROOK SOUTH AT CHAMPIONSGATE COMMUNITY	DEVELOPMENT	DISTRICT AUTHORIZING DISTRICT STAFF TO  COMMENCE WORK RELATED TO A 2020 SPECIAL ASSESSMENT BOND ISSUANCE ON CERTAIN PROPERTY WITHIN THE DISTRICT KNOWN AS FOX SOUTH ASSESSMENT AREA (FOX SOUTH PROJECT); PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, the District was created pursuant to the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the "Act"), and by Ordinance 2016-70 of the Board of County Commissioners of Osceola County, Florida (the "County"), dated August 15, 2016, as amended by Ordinance Number 2019-45 executed May 20, 2019 and Ordinance Number 2020-69 executed October 5, 2020 (collectively the "Ordinance") for the purpose of planning, financing, constructing, acquiring, operating and/or maintaining certain infrastructure, including surface water management systems, water and wastewater facilities, roadways, landscaping, parks, and recreational facilities and uses; and

WHEREAS, the District has been asked by Lennar Homes, LLC, a Florida limited liability company, (the "Developer") the developer and owner of certain undeveloped lands known as the Fox South Assessment Area within the District, to issue the Stoneybrook South at ChampionsGate Community Development District (Osceola County, Florida) Special Assessment Revenue Bonds, Series 2020 (Fox South Project) (the "Series 2020 Bonds") to provide financing for certain capital improvements, facilities and services to benefit undeveloped lands within the District ("Fox South Project"); and

WHEREAS, the District is authorized by the Act and the Ordinance, subject to the limitations set forth in the Act and in the Ordinance, if any, to issue its bonds and other evidence of indebtedness for the purpose, among other things, of constructing and/or acquiring public improvements and community facilities set forth in Section 190.012, Florida Statutes; and
WHEREAS, the District desires to commence preliminary work, including validation proceedings if necessary, to authorize the issuance of its Series 2020 Bonds.

NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF STONEYBROOK SOUTH AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT AS FOLLOWS:

SECTION 1. Authorization. There is hereby authorized staff to begin work related to the issuance of the Series 2020 Bonds, with terms, trust documents and further proceedings to be undertaken, as approved by this Board by appropriate later action or resolution.

Resolution 2021-03 Authorizing Work on Series 2020 Bonds Stoneybrook South at ChampionsGate Community Development District Series 2020 Bonds - Fox South Assessment Area (Fox South Project)

SECTION 2. Validation. Bond Counsel, Greenberg Traurig, LLP, and District Counsel, Latham, Luna, Eden & Beaudine, LLP, are hereby authorized to research, and if determined necessary, directed to prepare, file and prosecute proceedings, as deemed necessary or appropriate, to validate in the manner prescribed by the laws of the State of Florida.

SECTION 3. Engineering and Assessment Proceedings. Toe District Manager and/or the Methodology Consultant and the District Engineer are hereby authorized and directed to begin preparation of reports and analyses as deemed necessary or appropriate, to allow the District work on the issuance of the Series 2020 Bonds and to impose special assessments.

SECTION 4. Open Meetings. It is hereby found and determined that all acts of the Board concerning and relating to adoption of this Resolution were taken in open meetings of the Board and all deliberations of the Board that resulted in such official acts were in meetings open to the public in compliance with all legal requirements, including, but not limited to, the requirements of Section 286.011, Florida Statutes.

SECTION 5. Inconsistent Resolutions and Motions. All prior resolutions of the Board inconsistent with the provisions of this Resolution are hereby modified, supplemented and amended to conform to the provisions herein contained and, except as so modified, supplemented and amended hereby, shall remain in full force and effect.

SECTION 6. Approval of Prior Actions. All actions taken to date by the members of the Board and the staff of the District in furtherance of the issuance of the Series 2020 Bonds, including but not limited to the filing of a validation complaint, are hereby approved, confirmed and ratified.

SECTION 7.  Effective Date.  This Resolution shall become effective immediately upon  its adoption.

[SIGNATURE PAGE FOLLOWS]

Resolution 2021-03 Authorizing Work on Series 2020 Bonds Stoneybrook South at ChampioosGate Community Development District Series 2020 Bonds - Fox South Assessment Area (Fox South Project)

ADOPTED this 2nd day of November, 2020.

STONEYBROOK SOUTH AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT

By:   	

-----------

Name:
Chairman/Vice Chairman

Attest:

Its: Secretary/Asst. Secretary

Resolution 2021-03 Authorizing Work on Series 2020 Bonds Stoneybrook South at ChampionsGate Community Development District Series 2020 Bonds • Fox South Assessment Area (Fox South Project)

SECTION VII

■

f ll l	bonds
Municipal Bond Sp,ecialists

October 27, 2020

Stoneybrook South at CharnpionsGate Community Development District c/o Governmental Management Services, Inc.
219 East Livingston Street Orlando, Florida 32801 Attn: Mr. George Flint

Re:	Stoneybrook South at ChampionsGate COD Dear Mr. Flint:
We are writing to provide you, as Stoneybrook South at ChampionsGate Community Development District the "Issuer"), with certain disclosures relating to the captioned bond issue (the "Bonds"), as required by the Municipal Securities Rulemakirtg Board (MSRB) Rule G-17 as set forth in MSRB Notice2012-25 (May 7, 2012)1 (the "Notice").

The Issuer has engaged FMSbonds, Inc. ("FMS") to serve as underwriter, and not as a financial advisor or municipal advisor, in connection with the issuance  of the Bonds. As  part of our services as underwriter, FMS may provide advice concerning  the  structure,  timing,  terms, and other similar matters concerning the issuance of the Bonds. We may also have provided such advice as part of the process of seeking to be selected to serve as your underwriter. Any such advice was provided by FMS as an underwriter and not as your financial advisor in  this transaction.

The specific terms under which FMS will underwrite the Bonds will be set forth in a Bond Resolution adopted by the Board.

Pursuant to the Notice, we are required by the MSRB to advise you that:

MSRB Rule G'-17 requires an underwriter to deal fairly at all times with both municipal issuers and investors.

The underwriters primary role is to purchase the Bonds with a view to distribution in an arm's length commercial transaction with the Issuer. As such, the underwriter has fmancial and other interests that differ from those ofthe Issuer.

Unlike a municipal advisor, the underwriter does not have a fiduciary duty to the Issuer under the federal secUrities laws and are, therefore, not required  by federal law to act in the best interests of the Issuer without regard to their oWn financial or other interests.

1 Interpretive Notice Concerning the Application of MSRB Rule G-17 to underwriters of Municipal Securities (¢ffective August 2, 2012).

The .underwriter has a duty to purchase the Bonds from the Issuer at afair and reasonable price, but must balance that duty with its duty to sell the Bonds to investors at prices that are. fair and reasonable.

As underwriter, we will review the disclosure document for the Bonds in accordance with, and as part of, our responsibilities to investors under the federal securities laws, as applied to the facts and circumstances of this transactiort.2

The underwriter will be compensated by a fee and/or an fee that will be set forth in  the bond purchase agreement to be negotiated and entereci intoin connection with the issuance of the Bonds. Payment or receipt of the underwriting fee or discount  will be contingent  on the closing  of the transaction and the amount of the fee or discount may be based, in whole or in part, on a percentage of the principal amount  of the Bonds. While  this form of compensation  is customary in the municipal securities market, it presents a conflict of interest since an underwriter may have an incentive to recommend a transaction that is unnecessary or to recommend that the size of a transaction be larger than is necessary.

Please note nothing in this letter is an expressed nor an implied commitment by us to provide financing or to purchase or place the Bonds or any other securities. Arty  such  commitment shall only be set forth in a bond purchase agreement or other appropriate form of agreement for the type of transaction undertaken by you.

Further, our participation in any transaction (contemplated herein or otherwise) remains subject to, among other things, the execution of a bond purchase agreement (or other appropriate form of agreement), further internal review and approvals, satisfactory completion of our due diligence investigation and market conditions.

FMS is acting independently in seeking to act as an underwriter in the transactions contemplated herein and shall not be deemed for any purpose to be acting as an agent, joint venturer or partner of any other principal involved in the proposed financing. FMS assumes no responsibility, express or implied, for any actions or omissions of, or the performance of services by, the other underwriters in connection with the transactions contemplated herein or otherwise.

If you or any other Issuer representatives have any questions or concerns about these disclosures, please make those questions or cone.ems known immediately to the undersigned. In addition, Issuer should consult with its own financial, municipal, legal, accounting, tax and other advisors, as applicable, to the extent it deems appropriate.

2 Under federal securities law, an issuer of securities has the primary responsibility for discl.os ute to investors. The review of the official statement by the underwriters is solely for purposes of satisfying the underwriters' obligations underthe federal securities laws and such review should not be construed byan issuer as a guarantee of the accuracy or completeness of the information in the official statement.

It is our understanding that you have the authority to bind the Issuer by contract with u,i;, and that you are not a party to any conflict of interest relating to the subject transaction. If our understanding is incorrect, please notify the undersigned immediately.

The MSRB requires that we seek your acknowledgement that you have received this letter. Accordingly, please send me an email to that effect, or sign and return the enclosed copy oHhis letter to me at the address set forth above within five (5) business days ofthe c4ite of this letter. Depending on the structure of the transaction that the Issuer decides to pursue, or if additional actual or perceived material conflicts are identified, we may be required to send you additional disclosures. At that time, we also will seek your acknowledgement of receipt of any suchadditional disclosures.

We look forward to w.orking with you and the Issuer in co,nnection with the issuance of the Bonds, and we appreciate the opportunity to assist with your financing need. Thank you.

Acknowledgement:	 Stoneybrook South at ChampionsGate Community Development District

By:_

_ _ _ _

_ _ _

_ _ _

_ _ _

SECTION V-.11 1

S	E	CTION A

\ ! .

\ Ff A M I LT O N
ENGINEERING   &  SUR V E Y I  N G ,   INC.

DRAFT

Stoneybrook South at ChampionsGate Community Development District

Supplemental Engineer's Report for
the Fox South and Fox North Properties

Draft October 15, 2020

Prepared For:

The Board of Supervisors
Stoneyhrook South at ChampionsGate Community Development District Osceola County, Florida

TAMPAOFACE
3409 w. Lemon Street
Tampa, FL 33609-1433
p. 813.250.3535
f. 813.250.3636

ORLANDO OFFICE
775 Warner Lane
Orlando, FL 32800
p. 407.362.5929

WWW.HAMILTONENGINEERING.US

Section

1.0	Table of Contents

Introduction	

Page

1	
2.0	Purpose	1	
3.0	Land Use and Zoning	1	
4.0	Existing Conditions	2	
5.0	Fox North Infrastructure Improvements	2	
	Roadway Improvements
Stormwater Management
Utilities
Landscaping and Hardscape		
6.0	Fox South Infrastructure Improvements	3	
	Site Work and Drainage
Roadway Improvements
Stormwater Management
Utilities
Landscaping	

4	
7.0	Estimate of Probable Construction Costs	4	
8.0	Ownership and Maintenance Authorities	7	
9.0	Status of Permits and Approvals	7	
10.0	Conclusion and Engineer's Opinion	7	

Tables			

Table 1	Fox North and Fox South Parcel Development Programs	2
Table 2.0	Fox South Estimate of Total Probable Cost  - Engineer's Opinion	5
Table 2.1	Fox North Estimate ofTotal Probable Cost   - Engineer's Opinion	6
Table 3	Proposed District Infrastructure	7

Exhibits

Exhibit 1	Vicinity Map Exhibit 2A	District Boundaries Exhibits 2B-2D Legal Descriptions
Exhibit 3	Future land Use Map
Exhibit 4	Aerial Map
Exhibit 5	Utilities
Exhibit 6A	Fox South Subdivision Plan Exhibit 68	Fox North Subdivision Plan

Hamilton Engineering
Stoneybrook South at ChampionsGate CDD - Supplemental Engineer's Report Fox Expansion Parcels • October 2020 • Page i

DRAFT

Stoneybrook South at ChampionsGate Community Development District
Supplemental E.ngineer's	Report for the Fox South and Fox North Properties

1.0 Introduction
The Stoneybrook South at ChampionsGate Community Development District ("District") is an existing Community Development District consisting of approximately 630.83 acres. The District was established in 2016 for the purposes of financing the acquisition and/or construction of certain public infrastructure necessary for funding and to support the orderly development of the District (see Exhibit 1).

The District was created by ordinance #2016-70 of the Board of County Commissioners of Osceola County, Florida pursuant to Chapter 190, Florida Statutes (the "Act").

The District recently expanded the District boundaries to include two adjacent properties referred to as "Fox South" and "Fox North".

The District is intending to issue its Special Assessment Bonds, Series 2020 ("2020 Bonds"), to partially fund infrastructure Improvements for Fox South and Fox North.

2.0 Purpose
The purpose of this report is to generally describe the Fox South and Fox North parcels, their estimated development costs and the infrastructure improvements that may be funded by the District in one or more series of bonds/notes, and provide an estimate of the engineer's opinion of probable costs for each parce.l

Fox South comprises approximately 158.037 acres within unincorporated Osceola County, Florida, in Section 30, Township 25 South, Range 27 East. It lies north of Bella Citta Boulevard and west of the Stoneybrook South PD. The site is accessed via Bella Citta Boulevard to the south and Green Mile Street to the east.

Fox North comprises 34.62 acres located in Section 30, Township 25 South, Range 27 East. It lies adjacent to the east right-of-way line of Westside Boulevard and north of the Stoneybrook South Baxter Property. It is accessed from the south via Sticks Street and Drop Shot Drive, and from the west via the Westside Boulevard Extension.

Fox South and Fox North are being developed by LEN CG SOUTH, LLC (the "Master Developer'').

3.0 Land Use and Zoning
Fox South and Fox North are zoned Commercial Tourist (CT). This zoning district allows for short-term rental residential development as a permitted use within the commercial land use district. Development standards are established by the zoning district. There is no commercial development proposed (see Exhibit 3).

The Fox South and Fox North parcels will include a mix of permanent residents, short-term rental single­ family units, and multi-family condominiums. The development standards have been established in the STRPD and subsequent amendments.

Table 1 on the following page summarizes the development program and land use for the Fox South and Fox North parcels.

Hamilton Engineering
Stoneybrook South at ChampionsGate CDD - Supplemental Engineer's Report Fox Expansion Parcels • October 2020 • Page 1

Table 1 • Development Program	

Parcel	
Description	
Land Use	
Area
(acres)	Residential Single Family	Multi-Family	
Total Unit&	
				40-ft	50-ft	60-ft	80-ft	THs	Condos		
Fox South	Expansion Prooertv	TC	158.037	146	145	35	4	160	120	610	
											
Fox North	Expansion Property	TC	34.62	81	0	0	0	116	0	197	
											
Totals			192.657	227	145	35	4	276	120	807	
TC=  Tourist Commercial	THs = Townhomes	Condos = Condominiums	

4.0 Existing Conditions
Fox South has been permitted, platted and construction of the roadways, drainage, and utility infrastructure is nearly complete. There is approximately 2,800 linear feet of Westside Boulevard that bisects the Fox South property and provides access from Bella Citta Boulevard on the south to the Fox North property (see Exhibit 4 Aerial Map). The Westside Boulevard improvements have been completed up to the Baxter Parcel.
Fox North is in the planning stages. A zoning map amendment (ZMA) has been submitted to Osceola County to change the zoning from Agriculture and Conservation (AC) to Commercial Tourist {CT) to conform to the underlying TC land use. The ZMA is on schedule for approval by the Board of County Commissioners (BOCC) in December 2020.
A Preliminary Subdivision (PS) plan has been submitted to Osceola County and is under review.

Fox South Infrastructure Improvements
The District will finance the construction of certain public infrastructure improvements that will benefit Fox South. Some of the infrastructure financed by the District will be transferred to other local governments or public entities for ownership, operation and maintenance as applicable pursuant to the service provided. This section of the report details the Infrastructure improvements that may be financed and constructed by the District (see Exhibit 6A).

Roadway Improvements
Fox South roadway improvements include approximately 2,800 linear feet of Westside Boulevard, a four-lane divided boulevard extending

from Bella Citta Boulevard on the south to the Baxter parcel entrance on the north.

Other roadway improvements consist of the construction of the 2-lane local roadways within the subdivision. All internal roadways are planned to be private, gated roads, and will be constructed to Osceola County standards and specifications. All such roadways will be funded by the Master Developer or other private funding sources.

The structural portion of the roadways including the pavement base and asphalt, signing and striping, sidewalks, and landscaping will be funded by the Master Developer or other private funding sources.

Improvements funded by the District may consist of roadway stabilization for the drainage system including curb and gutters, inlets and culverts; and water and sewer utilities within the roadway rights-of­ way.

Stormwater Management

The primary storrnwater management system includes the acquisition and/or construction of the stormwater management ponds, culverts, control structures, and outfall swales. The stormwater ponds within Fox South include two (2) dry retention ponds and two (2) wet detention ponds constructed with the site improvements. Stormwater runoff from Fox South will be routed to the retention/detention ponds for water quality treatment and peak storm attenuation. Discharge will be through retention/infiltration or permitted control structures and spreader swales.

Hamilton Engineering
Stoneybrook South at ChampionsGate CDD - Supplemental Engineer's Report Fox South and Fox North Pacels • October 2020 • Page 2

Utilities
Water main construction includes mains, fittings, valves, and fire hydrants connecting to the existing water main along Bella Citta Boulevard and from the completed utilities along Green Mile Street to the east.
Reclaimed water main construction includes reclaimed water mains, fittings, valves, and service tees for irrigation of the landscaping along Westside Boulevard.
Sanitary sewer construction includes gravity sanitary sewer mains and manholes to connect to the existing gravity main at Westside Boulevard to the south and Green Mile Street to the east (see Exhibit 5).
The District is within the service area of the Toho Water Authority (TWA) and the utilities will be designed to TWA standards. Upon clearance for use and accepted by TWA, the District intends to convey these utilities to TWA for ownership, operation and maintenance.
The District is also within the service areas of Florida Gas Transmission, Duke Energy, and Centurylink. These utility providers will provide gas, electric power, telephone, and cable services to the District within the District roadway corridors and will be operated and maintained by such utility providers. District funds will not be used for private utilities construction.

Landscaping and Hardscape
Landscaping and irrigation include landscaping within the Westside Boulevard right-of-way and perimeter District boundary buffers.
Entry features consisting of landscaping and hardscape will be constructed within the public access roadway and landscape Parcels and will be financed by the District with proceeds from the 2020 Bonds.

Fox North Infrastructure Improvements
The Fox North infrastructure improvements will connect to the existing Baxter parcel and Westside Boulevard improvements. This section details the Infrastructure improvements that may be financed by the District or the Master Developer (see Exhibit 68).

Site Work and Drainage
Fox North sitework, grading and drainage improvements include grading necessary for constructing the secondary drainage systems consisting of curbs, gutters, inlets, and culverts to

convey the stormwater runoff to a proposed detention pond. Grading and stabilization necessary to provide positive drainage for these conveyance systems within the roadway rights of way only will be funded by the  Distrci t.  Individual  lot grading  and retaining walls will be funded by the Master Developer or other private funding sources.
Roadway Improvements
The southern single-family residential portion Fox North connects to the existing developed Baxter Parcel via Sticks Street and Drop Shot Drive. Roadway improvements consist of the construction of the 2-lane local roadways within the subdivision. All roadways in this portion of Fox North are planned to be private, gated roads, and will be constructed to Osceola County standards and specifications. All such roadways will be funded by the Master Developer or other private funding sources.
The structural portion of the roadways including the pavement base and asphalt, signing and striping, sidewalks, and landscaping will be funded by the Master Developer or other private funding sources.
Improvements funded by the District may consist of roadway stabilization for the drainage system including curb and gutters, inlets and culverts within the roadway rights-of-way only, and water and sewer utilities.
The northern townhome portion of Fox North will be accessed by Westside Boulevard and Cabot Cliffs Lane extension. These roadways will be public roadways and will not connect to the private roadways in the southern single-family section.
Improvements funded by the District may consist of the structural portion of the roadway, the drainage system including curb and gutters, inlets and culverts, and water and sewer utilities. The drainage and utility systems will connect to the southern single-family portion through drainage and utility easements.

Stormwater Management

The primary stormwater management system includes the construction of the stormwater management pond, culverts, control structures and outfall swales. The stormwater system within Fox North includes one (1) wet detention pond. Stormwater runoff will be routed to the detention pond for water quality treatment and peak storm attenuation. Discharge will be through retention/infiltration or the permitted control structure and spreader swale.

Hamilton Engineering
Stoneybrook South at ChampionsGate CDD - Supplemental Engineer's Report Fox South and Fox North Pacels • October 2020 • Page 3

Utilities
District-financed public utilities constructed within Fox North include potable water mains and the gravity sanitary sewer collection system. These utility mains will be located within the roadway rights-of-way or in utility easements adjacent to the right-of-way and will be constructed to TWA standards. Upon clearance for use and accepted by TWA, the District intends to convey these utilities to TWA for ownership, operation and maintenance.

Water main construction includes mains, fittings, valves, and fire hydrants. Sanitary sewer construction includes gravity sanitary sewer mains and manholes.
Reclaimed water mains and services constructed to provide service within residential parcels for residential homes will be constructed by Master Developer with its own funds.
TWA water and sewer utility connection fees and impact fees will be paid by the Master Developer on behalf of the District at the time of permitting.

Landscaping
District-financed landscaping is limited to entry features and perimeter District buffers as required by the zoning. These entry features and perimeter buffers will be landscaped to meet or exceed county standards and zoning requirements and will be transferred to the District for maintenance. Walls are not included within the landscape tracts or buffers.

7.0 Estimate of Probable Construction Cost
Tables 2.0, 2.1 and 2.2 below summarize the engineer's opinion of the estimate of the total probable construction costs for the District financed Fox South and Fox North improvements. These estimates are based on the engineer's understanding of the proposed development program and District activities, and recent experience with construction costs in the vicinity. They are an opinion only. Future events may occur (including construction means, methods, and materials; changes in regulatory criteria; market demands; development program changes; etc.) which could alter these estimates significantly.

The total estimated opinion of probable construction cost for the District-financed Fox South Improvements is $17,824,433. These costs are categorized in Table 2 below.

The total estimated opinion of probable construction cost for the District-financed Fox North Improvements is $7,951,021. These costs are categorized in Table
2.1 on the following pages.

The total estimated opinion of probable cost for Fox South and Fox North is $25,775,454.

The remainder of this page is intentionally left blank

Hamilton Engineering
Stoneybrook South at ChampionsGate COD. Supplemental Engineer's Report Fox South and Fox North Pacels • October 2020 • Page 4

Table 2.0 - Fox South - Estimate of Total Probable Costs	
Item	Description	Total	
1	Earthwork, Erosion Control and Stormwater Management Ponds	$560,555	
2	Roads	$1,190,740	
3	Storm Drainage	$1,974,731	
4	Potable Water	$1,257,802	
5	Sanitary Sewer	$1,351,993	
6	Reclaimed Water	$156,839	
7	Landscaping, Sod for Stonnwater Ponds	$41,000	
8	Hardscape Features	$200,000	
9	Offsite Westside Blvd. Drainage, Utilities, Landscaping & Street Lights1	$4,539,015	
10	Prof Fees - Engineering Design, Permitting, Surveying, Testing & lnsp .2	$1,254,000	
11	Water and Sewer Utility Connection and Impact Fees3	$3,677,355	
	Sub-Total	$16,204,030	
	Contingency	$1,620,403	
	Total	$17,824,433	

Offsite roadway improvements will be open to the public and will be built in public rights-of-way.
Only fees relating to the District's Project are included.
Fees paid upfront to TWA by the Master Developer on behalf of the District.

The remainder of this page is intentionally left blank

Hamilton Engineering
Stoneybrook South at ChampionsGate COD - Supplemental Engineer's Report Fox South and Fox North Pacels • October 2020 • Page 5

Table 2.1- Fox North - Estimate of Total Probable Costs	
Item	Description	Total	
1	Earthwork, Erosion Control and Stormwater Management Ponds	$425,000	
2	Roads	$367,500	
3	Storm Drainage	$472,500	
4	Potable Water	$385,000	
5	Sanitary Sewer	$420,000	
6	Reclaimed Water	$190,000	
7	Landscaping, Sod for Stormwater Ponds	$210,000	
8	Hardscape Features	$100,000	
9	Offsite Westside Blvd. Drainage, Utilities, Landscaping & Street Lights1	$3,281,826	
10	Prof Fees - Engineering Design, Permitting, Surveying, Testing & lnsp.	$350,000	
11	Water and Sewer Utility Connection and Impact Fees1	$1,026,375	
	Sub-Total	$7,228,201	
	Contingency	$722,820	
	Total	$7,951,021	

Offsite roadway Improvements will be open to the public and will be built In public rights-<>f -way.
Only fees relating to the District's Project are included.
Fees paid upfront to TWA by the Master Developer on behalf of the District.

The remainder of this page is intentionally left blank

Hamilton Engineering
Stoneybrook South at ChampionsGate COD - Supplemental Engineer's Report Fox North and Fox South Parcels • October 2020 • Page 6

8.0	Ownership and Maintenance Authority

Table 3 below lists the Fox South and Fox North Infrastructure and the future ownership and maintenance authorities.

Table 3- Proposed District Infrastructure	
Item No.	Infrastructure	Financed By	Maintenance	Ownership	
1	Stormwater Ponds	COD	COD	COD	
2	Subdivision Street Drainage System	COD	COD	COD	
3	Utilities - Water and Sanitary Sewer	COD	TWA	TWA	
4	Landscape Buffer Parcels and Irrigation	COD	COD	COD	
5	Offsite Roadway - Westside Boulevard	COD	Osceola County	Osceola County	

9.0	Status of Permits and Approvals
The Fox South project has been permitted by Osceola County, the Tohopekaliga Water Authority, the Florida Department of Environmental Protection, and the South Florida Water Management District. All permits/approvals necessary for construction have been obtained or are expected to be obtained in the ordinary course of development. All permits for maintenance will be obtained and transferred to the District or other public agencies.

The Fox North parcel has not been permitted.

Conclusion and Engineer's Opinion
It is our opinion that the costs to complete the District's CIP for the Fox South and Fox North Infrastructure as described in this report are reasonable and that these infrastructure improvements will benefit and add value to the lands within the District in excess of the costs of such improvements, and these infrastructure costs are for public improvements or community facilities

intended as an estimate of the total cost to construct all private and public improvements for the planned project. The estimated cost is based on contract prices and current construction costs for similar public work in Osceola County as may be applied to this development. Due to material cost fluctuations and differences in contractor bids at the time the project may be constructed, the final cost may be more or less than this estimate. Changes in the scope of work or final construction plans may also result in changes to the estimated construction cost. All assets purchased by the District will be the lower of actual cost or fair market value.

As long as the development remains consistent with the approved construction plans, It is my opinion that the proposed infrastructure improvements can be completed within the estimate of probable cost for those portions of the District funded project

as set  forth in Section 190.012(1)  and (2)  of the	 	

Florida Statutes.

The estimate of probable cost of the listed improvements is only an estimate and not a guaranteed maximum price and is only for those District funded portions of the project. It is not

David A. Reid, PE
Florida PE License #38794

Hamilton Engineering & Surveying, Inc.
Eng. Business Certificate of Authorization No. 8474

Hamilton Engineering
Stoneybrook South at ChampionsGate COD - Supplemental Engineer's Report Fox South and Fox North Pacels • October 2020 • Page 7

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STONEYBROOK SOUTH AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT

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EXHIBIT
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n5 Warner Lane Orlando, Fl 32B03

Tel ( 407) 362-5929 LB#7013, CA#B474

9/11/2020

LEGAL DESCRIPTION FOR STONEYBROOK FOX NORTH PROPERTY:

BEING A PORTION OF AND WITHIN SECTION 30, TOWNSHIP 25 SOUTH, RANGE 27 EAST, OSCEOLA COUNTY, FLORIDA AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:

BEGINNING AT THE NORTWEST CORNER OF STONEYBROOK  SOUTH NORTH PARCEL PHASE 3, AS FILED AND RECORDED IN PLAT BOOK 28, PAGES 43-46, IN THE PUBLIC RECORDS OF OSCEOLA COUNTY, FLORIDA; SAID POINT ALSO BEING THE SOUTHWEST CORNER OF LOT 10, BLOCK A, OF THE FLORIDA FRUIT AND TRUCKLAND COMPANY PLAT, AS FILED AND RECORDED IN PLAT BOOK B, PAGE 68, IN THE PUBLIC RECORDS OF OSCEOLA COUNTY, FLORIDA; RUN THENCE N00°13'59"E, ALONG THE WEST LINE OF LOTS 9 AND 10, BLOCK A, OF SAID PLAT, 1311.82 FEET, TO THE NORTHWEST CORNER OF SAID LOT 9; THENCE N89°49'59"E, ALONG THE NORTH LINE OF SAID LOT 9, 660.53 FEET, TO THE NORTHWEST CORNER OF TRACT LA-7 OF THE PLAT OF STONEYBROOK SOUTH NORTH PARCEL PHASE 1, AS FILED AND RECORDED IN PLAT BOOK 26, PAGES 147-153, IN THE PUBLIC RECORDS OF OSCEOLA COUNTY, FLORIDA; SAID POINT ALSO BEING THE NORTHWEST CORNER OF TRACT A OF THE PLAT OF STONEYBROOK SOUTH PHASE 4, AS FILED AND RECORDED IN PLAT BOOK 25, PAGES 166-168, IN THE PUBLIC RECORDS OF OSCEOLA COUNTY, FLORIDA; THENCE S00°04'33"W, ALONG THE WEST LINE OF AFORESAID PLATS, 648.37 FEET; THENCE S89°48'41"W, 15.00 FEET; THENCE S00°06'46"W, 346.51 FEET; THENCE N89°48'54"E, 662.18 FEET; THENCE S00°00'44"W, 979.45 FEET, TO THE NORTHEAST CORNER OF TRACT J, OF AFORESAID STONEYBROOK SOUTH NORTH PARCEL PHASE 3; THENCE S89°47'43"W, ALONG THE NORTH LINE OF SAID
TRACT J, 663.88 FEET, TO THE NORTHWEST CORNER OF SAID TRACT J; THENCE N00°04'09"E, 663.10 FEET, TO THE
NORTHEAST CORNER OF AFORESAID PLAT OF STONEYBROOK SOUTH NORTH PARCEL PHASE 3; THENCE S89°48'12"W, ALONG THE NORTH LINE OF SAID PLAT, 648.22 FEET, TO THE POINT OF BEGINNING.

CONTAINING 34.62 ACRES, MORE OR LESS.

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LEGAL PESCBIPDQN EPB STQNEYQROQK SOUTH NORTH f>ARCEL PfiASE 5;
COMMENCE AT THE SOUTHWEST CORNER Of THE SOUTHWEST 1/4 OF SECTION 30, TOWNSHIP 25 SOUTH, RANGE 27 EAST, OSCEOLA COUNTY, FLORIDA, RUN THENCE N 89"42'08" E, Al.ONG THE SOUTH UNE OF SAID SOUTHWEST 1/4, OFSAID SECTION 30, 14!!1L33 FEET, TO THE SOUTHWEST CORNER OFTifE SOUTHEAST 1/4 OF SOUTHWEST 1/4; THENCE N 00-06' 17° E, ALONG lME WEST UNE OFSAID SOUTifEAST 1/4 OF THE SOUTHWEST 1/4, 60.00 FEET; TOTHE POINT OF BEGINNING; CONTINUING ALONG SAID WEST LINE, THENCE N 00- 06' 17" E, 2574.33 FEET, TO A POINT ON THE SOUTH RIGHT OF WAY UNE OF A 30.1111 FOOT PLATTED RIGHT OF WAY, SAID POINT BEING 15.D FEET SOUTH OFTHE NORTHWEST CORNER OF THE
NOR'Tl-lEAST 1/4 OFTHE SOUTHWEST 1/4,OF SAID SECTION 30; THENCE N 89" 47' 14" E, ALONG SAID SOUTH RIGHT OF WAY UNE, 2&58,38 FEET, TO THE EAST UNE OF THE WEST1/2 OF THE SOUTHEAST 1/4 OF SAID SECTION 30;THENCE S 1111" 15' 33" W, ALONG SAID EAST LINE, 2630.44 FEET, TO THE SOUTHEAST CORNER OF THE SOUTHWEST 1/4 OF THE SOUTHEAST 1/4 OFSAIDSECTION 30; THENCE S89" 42' 08" W, ALONG THE SOUTH UNE OF SAID SOUTHWEST l/4 OFSOUTHWT 1/4 FOR A DISTANCE OF 873.15 FEET TO A POINT ON THE NORTH RIGHT OF WAY UNE OF THE BELLA CITTA
BOULEVARD, SAID POINT ALSO IIEING ON A NON-TANGENT CURVE, SAID CUIIVE  BEING CONCAVE SOUTHWESTERLY  HAVING A RADIUS OF71D.Dll  FEET; A CHORD BEARING AND DISTANCE OF N 78°26' 11" W, 291.88 FEET, AND A CENTRAL ANGLE OF 23" 43' 2A"; RUN THENCE NORTHWESTERLY ALONG TiiE ARC OF SAID CURVE 293.98 FEET TO THE POINT OF TANGENCY; CONTINUING ALONG THE NORTH RIGHT OF WAY LINE OF BELLA CITTA BOULEVARD, THENCE S 89" 42' 08" W, 52.54 FEET TO THE POINT Of CURVATURE Of A CURVE CONCAVE NORTHEASTERLY HAVING A RADIUS OF 25.00 FEET; A CHORD IEARING AND DISTANCE OF N 45" 38' 54" W, 35.14 FEET, ANO A CENTRAL ANGLE OF 89"17' 59"; RUN THENCE NORTHWESTERLY ALONG THE ARC OFSAID CURVE 38.96 FEET TOTHE POINT OFTANGENCY; THENCE S 89" 42' 10" W FOR A DISTANCE Of 120.01 FEET TO THE POINT ON A NON-TANGENT CURVE CX>NC'AVE NORTHWESTERLY HAVING A RADIUS OF 25.00 FEET; A CHORD BEARING AND DISTANCE OF S45" 03' 41" W, 35.13 FEET, AND A CENTRAL ANGLE OF 89"16' 54"; RUN THENCE SOUTHWESTERLY ALONG THE ARC OF SAID CURVE 38,96 FEETlO THE POINT OF TANGENCY; THENCE S89' 42' 08" W, AlONG SAID NORTH RIGHT OF WAY UNE, 1269.54 FEET TO TlfE POINT OF BEGINNING.

CONTAINING 158.037 ACRES MORE OR LESS.

LEGAL DESCRIPTION PROVIDED BY: KPM FRANKLIN	

775 Womer Lane Ortondo, FL 32B03	LEGAL DESCRIPTION
STONEYBROOK SOUTH AT CHAMPIONSGATE CDD	
EXHIBIT 2C	

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BEING P011110NSOF SECTIONS 19, 29, 30 A 31,TOWN!illP 25 SOUTH, RANGE 27EAST,OSQOIAC:OIJNTY,FIOIUOA;Al.50 BEING AILOFTHEIOWlWINGPIA15, STONmRDOKSOtml PlfASl: 3, IIEDJIIDEI> IN PIATBOOK 25, PAGES ll6-120;STONFfBROOIC50UTHT11ACrll, IIEtDRDB> IN PIATBOOUS, PA&ES191•1!16; STONE'IIROOK 50lJTll PHASE 4, IIECOIIDEI> INPIAT BOOK ZS, PAGES 1&6-168;SfONEYBRODI( 5011TH NORTII PARCl:l PHASE l. llECORDED INPIAT l00IC 26, PAGES
147•153; STONEYIROOK SOUTH NORTH PAltmPHASE 2, RECORDED INPIAT IDOlt 27, PM;£$ 127-134; STDNFIBROOKSOUTll N0IIT1t PARal.PHASE 3, RECORDED IN PIAT IODK 211, PAGES 43-46; ST0NEl'8ROOI( SOUTl1 NORTH PAIICR PHASE 5, ftEIXJIIDED INPLAT IOOIC 211, PAGES 176-183; 5TONEYllll00K SOUTH NORTH PA11CE1.
RB'IAT, IIECOADED IN PLAT BOOK 211, PAGES Ut-126;All INlHE PUl!llC RECORDS OF OSCEOIA COIJNlY, Fl.OIUDA.
!BNG MOR£ PARTICUIARLY DESCIIIBED ASFOU.OW5:
BEGIN ATlHE NORTHEAST CORNER OFSECTION 31.TOWICSIIP 25SOUTH, RANGE 17 EAST, OSCEOIA COUNlY, FLORIDA; THENCE RUN S00"24'31"W ALONG THE EAST
UNEOFSAIDSECTIOll31.fORADISTANaOF2&40.62FEET,THENC£11UNS00'29'Cll"WFOUDISTANCEOF22tuaFm'!MENaRUNNn"21'5G"WADIS!'ANaOF
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N11i"55'1.l"W FOR A DISTANCE OF S7D.31FEET, TIIENCE RUN NOl!THWESIERI.Y Al.ONG THE ARCOF SAID aJIIVE. 511.31FEET TO A POINT Of TANGENCY, 'IHBICE RUN Nlli"l7'al"W IORAOISTANCEOF 86.UFEET, lHENCE RUN Nll8'4l'OS"E FORA DISTANCE OF 416.54 FEET,THENCE RUN N34"27'0S"W FOIiA DiSTANCE OF670.10 FEET, THENCE RUN N31'42'51"E FOR A DISTANa OF J6.27 FEET, lllENCE RUN519"45'39"WR>II ADISTANCE OF ll!l.72RETTOTHE IIEtiil,_.ING OF A NOtHNICIENTIAI.aJRVE, SAIDCURVE TURNING TO lHE Rl6HT1HROUGH ACENTllAI.ANGLEOf 49"4!'24", HAVING A RADIUS OF 175.DD FEa, ANO WHOSE LONG CHORD BEARS NfilTD4'37" W RlRA Dl5TANCE OF 147.311FEET, THENCE RUN N0RTHW£51BU..Y ALONG THE Aile OFSAID QJIIIIE, 152.13 REHO A POINTOF INIBIS(CIION WITH A NON-TAN6ENl1AL LINE, THENCE RUN N42'00'2l"W FOR A IHSJ'ANCE OF lll.18FEET, THENCE RUN N81"06'07"W FOR A DISTANCE OF15.00 FEETTOntE llfGINNING OF A CURVE. SAID CURVE TURNING TO TH! RIGHT THROUGH ACEIITRM.ANGU:OF 90' 00' 00", HAVING A RADIUSOF 15.00 FUT, ANO WHOSE LONG OIORO l!EAll5 N3&'06'07"W IORA DISTANCE OF 21.21Fl!ET,lHENCE RUN NORTHWESTEII.YAlONG THEAIIC OF SAID CUIIYE, 23.56 FEETTOlHE BEGINNING Of A NOtHANGENlW. CURVE. SAIDQJRVE TURNING TO THE LfFTTHIIOUGH A CENTRAi.ANGLE OF 81'04'36", HAVING A RADIUS Of 60.00FEET, ANO WHOSE LONG CHORD IIEAll5 N35"08'25"W FORA DISTANCE OF 83.42 FEET, THENCE RUNNORTHWESTWY ALONG THE ARC OF SAID CUIIYE, 92.23 FEETTOA POINT
Of TANGINCY, THENCE RUN N79"10'43"W FORA DISTANCEOF4U.9 FEET, THENCE-S73"311'29"WFOIIA DISTANCE OF 49.74 FEET, THENCE RUN N16"21'31"W
l'OIIA DISTANCE OF15.35 fEETTOlHE BEGINNING OF ACURVE. SAID CURVE TURNING TO THE LEFTTHROUGH A CENTRAi.ANGLE Of 21'31'4i', HAVING A IIAIIIUS OF
20&0.00 Fm, AND WHOSE LONG atOltDBEAIIS N2T09'S3"W F0R A DISTANCE Of 77:Z.43 FEET, THENCEIIUNNOR'THWESTDII.Y Al.ONG lHE A11C Of SAID CURI/£,
777JJ3FEET TOA POINT Of TANGENCY, lHENCE RUN N37"58'14"W FOR A DISTANCE OF 147.49 fEETTOTHE IEGINNING Of A NON-TANGENTIAlCUIM1, SAIDCIJRVE lURNING TO lHE RIGHTlHIIOUGH ACENTIW.ANGIE Of-•11•,HAVING A IIADIUSOF I040.DD Fl!ET, AND WHOSE LONG CHOltD RA115NlrH'22' W IOIIA DISTANCE OF 679.111FEET, THENQ: RUN NORTHWESTERI.Y Al.ONG lHE ARC OFSAID CUIIV!,8112,51FEaTO A POINTOf TANGENCY, DEPARTING 5A10 WESTSIDE BLVD. RUN lHENCli RUN N00"25'14'E FOR A DISTANCE OF159.015 FEET, TO THE NORTH UNE OF AFOIIESAID SECTION 31.THENCE RUN N89'42'08"E, ALONG THE NORTH UNE OFSAID SKrlON 31, FORA DISTANCE OF 2114.44 FEET. RUN NOO"l7'52'W A DISTANCE OFOA9 FEET, TO THE SOUTHWEST CORNER OFTHE PLAT OF STONEYBROOK SOUTH NORTH PARC£L PHASE1, AS RIED AND RECORDED INPIAT IDOK 26, PAGES147-153, IN THE PUIUC11EC011DS OF DSaOLA COUNTY, FLORIDA; lHENCE Nil5"57'49"W, 117.1>4 FEET, CONTINUING ALONG Tif£ WEST UNE OF 5Al0 PLAT, lHENC!: N7l'lll'41l"W, n.96 RET;lHENCE N00'26'1S"E, 2U.7D FEET; lHENCE Ns1•45'32"E, 211.23 FEET; THENCE N00'1S'S3"£, 346.82 FEET; lHENCE N3r00'10"W, IBs.54 FEET: THENa Nl4"50'21"W, 240.16 FEET;THENCE Nl3'21'07'E, 132.17 FEET; THENCE NS.nl!l'59"E, UA.80 FEET;TIIENCE N42'56'24"£, 16'1.SS FEET;TIIENC£ N01"S8"21"E, 145.56 FEET; THENC£ Nll'S5'1S'W, 144.64 FEET; THENCE N32'32'54"W,       71.25F£ET;THENCEN01"m'27"W,86.35FEET)THENCESll&WaO"W,296.&0FEET;1HENCEN77"1!1'DB"W,190.74F£ET;THENCES82"13'111"W,127.15 FEET; TH!NC! 5015"26'55"£, 129.06 FEET; THENCE 517'36':IO'W, 242.36 FEET; THENCE 500'4"42'£, 95.62 FEET; THENCE S78'27'42-W, 178.91FEET TO A POINTON lH! WEST UNE Of THE EASTK OF THE SEX Of SAID SECTION 30; THENCE 500'15' 33• W, ALONG SAID WEST UNE, 1507.99 FEEr,'IOTHE SOUTHEAST CORNER OF THE
SOUTHWESl'1/4 OFlHESOUTHEAST1/4 Of SAID SECllON 90;lHENCE 589'42' oa• W, ALONG THE SOUTH I.Ille Of SAID S0UTHWEST 1/40F50UTHfA5T 1/4 FOR A
DISTANCE Of 173.1& FEET'IOA POINT ONTHE NORTH RIGHTOF WAY UNEOFTHE HUACITTA IIOULEVMO, SAID POltlT A1S0 BEING ON A Ncm-TANGENTCURYE, SAIDOJRVE IEING CONCAVE SOUTHWESTERLY HAVINGAIIADIUS OF 710.00 FEET; A CHORD BEARING ANO DISTANCE OF N 7r 26' 11• W, 291.81F£ET, ANDA CENTRALANGLf OF 23' 43' 24';RUNTHENCE NORTHWESTEJU.YALONG THE ARC OF WO QIRVE 293.!III FEETTO THE POINTOF TANGENCY; CONTINUING Al.ONG THE NORTH RIGHT OF WAY LINE OF BELLA aTTA BOUlEVARO, THENCli S19" 42' 08" W,52.54 FEET TO THE POINT OF QJRVAtlJAE Of A CURVE CONCAVE NORl'HEASTERLY
HAVING A MDIUS OF 25.00 FEET; ACHORD BEARING AND DISTANC!: OF N .cs• 38' 54" W,:SS.14 FEET, ANO ACENTRAL ANGLE OF19'17' 59"; RUNTIENCE
NOlmlWESTERLY Al.ONG THE ARC OF SAID QJRVE 38.!16 FEET TOTHE POINTOFTANGENCl';THENC!: S89" 42' 111" W FOR ADISTANCE OFUO.ln. F£ETT01HE POINT ONA NON-TANGENT OJAI/£ tONCAV!c NORTHWESTERI.Y HAVING A IWJRJS OF2S.IJOFEET; ACHIHID BEARING ANO OISTANCE 0FS45'03' 41' W,35.13 FEET, ANDA CENTMI.ANGLE OF 119" 16'54"; RUN lHENCE SOUTHWESIHLY ALONG THE AIIC OF SAID CUIIVl 38.96FEET TO THE POltirOFTANGENCY;lHENCE S 89' 42' OB" W,
Al.ONG SAID NORTH RIGHT OF WAY UNE, :1269.54 FEET, TO THE WEST LINEOf THESOUTHEAST 1/4 OFTHE SO\ITHWIST 1/4 OF SAIDSECTION 30;

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THENCE N 00' 06'17" E, ALONG SAID WEST UNE, 2574.33 FEET,TO A POINTON lHESOUlll Rlt.HTOF WAY LINE Of A 30.00 RXIT PIATTEO RIGHT OF WAY,SAID POINT BEING 15.D FEET SOUTH OFlHE NORTHWlSTCORNER Of THE NORTHEAST 1/4 OFlHESOUTHWEST1/4,OF SAID SECTION 30;lHENa N89'4r 14' E, AIONGSAIO SOUTH RIGlfT Of WAY UN£, 3153.38 FEET; THENCE N00'08'09"E, 3Q.llO FEETTO lHE NORTH UNEOF SAID ilD.00 FEET WIDE PLATTED RIGHTOF WAY;lHENCE S89'47'14'W ALONG SAID NORTH UNE, 495.00 FEET TO A POINTON THE WEST LINE OF lH& EASTl/2 OF lHE NORlHEAST 1/4 OFSAIDS£C110N 30, SAID UNEALSO BEINGTHli SOUTltEASTCORNERSTONEYSROOlSOUIH NORTH PARCEL PHASE 3PLAT, ASF1Lf0 AND RECORDED IN PLAT IOOK 28, PAGES 43-46, INlHE PU8UC RECORDS Of CISCEOI.A COUNTY, FLORIDA; C0N'IINUli THENCE 589'47'14-W, ALONG 'OES0llTH UNE OFSAHiPHASE 3 PLAT, 1314.112 FEET, 10 lHE SOUTIIWE5T CDRNE11OFSAID PHASE 3 PLAT;THENCE N00'07'30'E, AlDN6 TH£ WEST UNE Of SAID PHASE P!AT, 1311.Ja FE£T, TOlliENORTHWEST C:OIINEIIOf SAID
PHASE I PLAT;SAIO POINT ALSO IElNGTHE SOUTHWEST CXIRNEROf IDT1D,8UXKA, OFllE R.ORIDA FIIUfT ANDTRUCICIAND COMPANY PIAT,AS RW>ANO IIECOIUlED IN PIAT IIOOlt 8, PAGE 158, INTHE PU8tlC IIECORDS OF OSCEOLA CX>UNlY, FL0111DA; lH!NCE N0Cl'l3'5'"'E, ALONG THE WEST UNE OF IDl'S9 ANO 10, 81.0CKA, OF SAID flAT,1311.82 FEET, TO THE NORTIIWESl'COIINER Of SAID LOT 9; C0N'IINUE TllfNCE NOO'U'S9"£, ,0.QO FEET TO THE 50U111WE$TCORNER OFTRACT 8,OF STONEY81\00KSOUTH PHASE 4, AS RLEDAND RECORDED IN PlAT BOOK25, PAGS156-168, INTHE PUIUCRKORDS OF OSCEOLA COUNTY, FLORIDA THENCE N00"13'32"E, 1305.02 FEET, TOTHE NORTHWEST CORNER OFSAID TRACI' B;THEHCE N89'46'42"E, 971.10 FEET, TO THE NORTHEAST CORNER OF!SAID TRACT B; THENCE SOO'D3'46"W, ALONG lHE EASTUNE OFTRACT BAND EXTENSION THEREOF, 1315.99 FEET, '10 A POINT ONTHESOUTH LINE OFA1S.DDFEETWIOEPLATTED RIGHT OF WAY PER PLAT WDK II, PAGE 68, AND NORTH LINEOf STONEYBROOK SOUTH N0R1H PAACEI. PHASE 2, AS FILED AND RECORDED INPLAT
BOOK 27,PAGES U7-134, INlHE PUSUC REC:OADS Of OSCEOLA CX)UNTY, Fl0Rl0A;lHENCE RUNN89'49'59'£, ALONG SAID SOUTH RIGHT OF WAY UNE AND NORTH UNE OFSAIDSTONEYIROOK S0llTH NORTH PARCEL PHASE 2 PLAT, 666.27 FEETTO A POINT ON THE WEST UNE OF A SKINK PRfSERVI: AS IIECORIIED INOFFICIAL RECDRDS IOOK441i8, PAGE #Jl;lHENCE RUN NOO"OO'U"EALONG SAID WEST LINE, 15.00FEET TOA POINTON TIIE N0IITK UNEOFTHE NORTHEAST 1/40FSAIO SEC110N 30AND TH£SOIJTH UN£Of SECTION 19, TOWNSHJP 25soutH, IIANGE27 EAST; THENa RUN Nlr49'Sll"EA&ONG SAID N0IITH UNE, 325.00 FEET TOTHE NOl!THEA5TCORNEROFSAID!iKINKPRESERVE)lHENCERJJNS00'D0'33-WALON61HEEASTLINEOFSAJ0Sl(JNKPRE5ERV!iANDTHESOUTHERLYEXTENSION THEREOF, 129.46 FEET, TO A POINT ON AFORESAID STONEYIROOK SOUTH N0R1H PARCR PHASU PLAT;THENCE N89"41'D7"E, CONTINUING ON SAID PLAT, 661.1>4
FEET TO THE EAST LINE OF SAID S£CT10N JO, AND EST UNE OF SAID PLAT; THENCE 500'12'35'E Al.ONG SAID EAST UN£, 2322.06 FEEl'TOTHE EA5Tl/4CORNEROF SECTION 30 AND THE WEST 1/4 CORNER OF SECTlON 29;lHENCE S89'-46'46"E ALONG THE NORTH UNE OFTHESOUTHWEST 1/4 OFSAID SECT10N 29,  TOWNSHIP 25 SOUTH, RANGE 27 EAST, 1307.11FEET TOTH£ NOIITHEASTCOIINEROf THE WEST1/Z OFlHE SOUIIIWEST 1/40FSECIIOII 29ANO EAST UNE OFSAID PIAT;lHENCE S00'03'116'W ALONG.THE EASTUNE Of SAID PLAT AND EAST LINE OF TIE WESTl/2 OFlHESOUTHWEST1/4 Of SECl10N 29, 2619.76 FEETTOAPOINT ON lHE NORTH IIIGHT OF WAY UNE OF RI.IA OTTA IOULEVARD; lHENCEALONG SAID N0IITH IIIGHT OF WAY LIIElHE FOU.OWING; lHENCE N89'43'13"W, 225.116 FEET; TO THE POINT OFQ/ll\lATURE OF ACURVE TOlHE RIGHT HAVING A I\ADIUS OF1940.00 FE£T ANDAOIOIIO IEAIUNG OF Nll5"07'•7"W, CHORD 310.54 FEET, HAVING A CENTRAi.ANGLE OFCl9"10'53"; RUNlHENCEWESTBLY AI.ONGTHE AIICOF SAIDCUIIVE 310.11 FEET TOTHE P09IT OFTANGENCY;lHENCE NIIJ'32'20"W, 214.91 FEET;T01HEPOINTOFCURVATUREOFAC\JRVETOTHELEl'THAIIINGA.RAOIUSOF2060.DDFEETANDACHORDBEARlNGOF587'24'58"W,CHOIIDIS9.75FEET, HAVINGAc:ENTRAL ANGLE OF 24"05'23"; RIJNlHENCEWfSTERLYAI.ONGlHE ARC OF SAID CUIIVE 1166.12 FEETlO THE POINT OF REVERSE CURVATUllf OF A CURVE 'IOTHE IIIGHT HAVINGA RADIUSOF 25,00 FEET AND A CHORD IIEARJNG OF N59"57'58'W, CH0R0 35.15 FEET, HAVING A CENTRAi.ANGLE OF19"20'11"; RUN THENCE WESTERLY AI.DNG lHE ARC OFSAID CURVE 38.98 FEET TO A POINT; THENCE S74'45'44'W, U&.D0 FEETT01HE POINTON A NON-TANGENT CURVE C:ONCAVETO THE NORlHWEST, HAVING A RADIUS OF 25.DD FEET ANDACHDRD BUJIING OFS13'58'23'W, CHORD 31.65 FEET, HA\IINGA aNTIIAI.ANGI.E OF 7B"ll'l4"; RUN THENCE WESTERlY ALONG lHE ARC Of SAID CIJIIVE 3'-28 FEET, TO AFOIIESAIO SOUTHWEST CORNER OF THEPLAT OFSTONEYIROOK 501mt NORTH PARCEL PHASE 1; THENCE S00"1r52'f, OA9 FEET, TOTHE NORTH UNE OF AFORESAID SECTION 31;lHENCE N89'42'0l'E, ALONG SAID NOIITH UNE, 441.66 FEET, TOlHE POINT OF BEGINNING.

LESS ANY IIOAII RIGHTOF WAY WITHlN BELLA OTTA Bl.VO AND THAT PORT10N OF 30.DD FEET PIATTED RIGHTOF WAY A.DIACENTlO AND BETWEEN TRACT I, OF AFORESAIDSTONEYBROOllSOUTH PIIASE4AND THE NORTH LINE OF l0T9, llDCI[ 0,OF1HE FU>AIDA FRUIT ANOTRUCXLANDCOMPANYPLAT, AND THAT PORT10N 0f STONEYIROOIC S0UTll NOlffll PARCEi.PHASE 1 & PHASE 2, THAT IS ADIACENTTO NOtlESAIDTIIACT 8.

CONTAINING 630.13 ACRES, MORE OR LESS.

LEGAL DESCRIPTION PROVIDED BY: KPM FRANKLIN

775 Warner Lane Orlando, FL 32B03

Tel (407) 362-5929 LBf7013, CAf8474

LEGAL DESCRIPTION
STONEYBROOK SOUTH AT CHAMPIONSGATE COD

EXHIBIT 2D

s

FUTURE LAND USE LEGEND	
%	TOURIST COMMERCIAL	
	" RURAL ENCLAVE	
ITT	LOW DENSITY RESIDENTIAL	
	CONSERVATION AREA	

W* N	E
SCALE 1:1500

ns Warner Lane
Orlando, FL 32803

Tel (407} 362-5929
LB#7013, CAf8474

EXHIBIT 3

7

s

W* N	E
SCALE 1:1300

7
I

SECT2!1-2$-27

P6	TRACT
WC2

TRACT
WC3

Tel (407) 362-5929
LBf7013, CAf8474

EXHIBIT 5

LOT COUNT
	Single Family Home Lots	Townhouse Building Lots	Condo Building	
Total per Phase	
	40's	50's	60's	80's	24's	4 Units		
Phase 1	-	32	-	-	42	60	134	
Phase2	91	68	-	-	114	60	333	
Phase3	45	39	35	4	-	-	123	
Total Site	146	145	35	4	160	120	610	

11111
111111
1111
11    1    11 1
1 11  1 11
IIIJI
I  I
I  I
I   I
1 11 1
,I

0	500'

SCALE 1•=500'

I	LEOPARD CREEi;< DR.
II
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= !
TRAC rt= 11!

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= 1

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1

........-	-	..g-	.

B1,

M .hI Q	

FOX SOUTH EXPANSION DEVELOPMENT PLAN

-----

EXHIBIT

775  Warner Lane	Tel  (407) 362-5929
Or1ando, FL32B03	LB#7013  , CA#B474

STONEYBROOK SOUTH AT CHAMPIONSGATE ODD
6A

LOT COUNT

40'S
24' TH'S TOTAL UNITS DU/ACRE

81 UNITS
116 UNITS

250'

--

=...........ooJ:t. r..     ,.
_-.-.f.l..,MW
=r=::F==-,.·
=:a==...

SCALE 1" 250'

.	.HAMILTON	FOX SOUTH EXPANSION DEVELOPMENT PLAN
'Bf/  ENGINEERING  L  SURVEYING, INC.	STONEYBROOKSOUTHATCHAMPIONSGATECDD

EXHIBIT

...... 	iiiE.,

.	---	tl!i 	

"'  

-P'lllll!l"!ffl!ffl!l!'l!!	-	-	-	-	-	-	-1	68

775 Warner Lane	Tel (407) 362-5929
Orlando, FL 32803	LB#7013, CA#8474 29,30,31-25S-27E

S ECTION B

MASTER ASSESSMENT METHODOLOGY
FOR
FOX SOUTH ASSESSMENT AREA

 	

Prepared by

Governmental Management Services - Central Florida, LLC 219 E. Livingston St.
Orlando, FL 32801

Table of Contents
Introduction	3
Purpose	3
Background	3
Special Benefits and General Benefits	4
Requirements of a Valid Assessment Methodology	5
Special Benefits Exceed the Costs Allocated	5
Assessment Methodology	5
Overview	5
Allocation of Debt	6
Allocation of Benefit	6
Lienability Test: Special and Peculiar Benefit to the Property	7
Lienability Test: Reasonable and Fair Apportionment of the Duty to Pay Non-Ad Valorem Assessments	7

5 0 Appendix .....•...... ····•·l!I••···.....·············· . ......... .. ......................•.•.,.	••

Table 2. Infrastructure Cosl Est1mat s	10
able 3: 8051 Siz119..........................................l	11
1:a91,a AKocation of Benefi ..........,...................."	12

Table 1: Development Pr		m_....... ................................................

...............

I able 67- Allocationd    Total BeoefiWkr Debt to Ed	Prt>dJct Type	3

Table 6: Par Debt and Annual Assessments	14
Table 7: Preliminary Assessment Roll	15
GMS-CF, LLC does not represent the Stoneybrook South at ChampionsGate Community Development District as a Municipal Advisor or Securities Broker nor is GMS-CF, LLC registered to provide such services as described in Section 15B of the Securities and Exchange Act f 1934, as amended. Similarly, GMS-CF, LLC does not provide the Stoneybrook South at ChampionsGate Community Development District with financial advisory services or offer investment advice in any form.

2

Introduction

The Stoneybrook South at ChampionsGate Community Development District is a local unit of special-purpose government organized and existing under Chapter 190, Florida Statutes (the "District''), as amended. The District anticipates the issuance of not to exceed $23,100,000 of tax exempt bonds in one or more series (the "Bonds") for the purpose of financing infrastructure improvements within an assessment area within the District referred to as the Fox South Assessment Area (the "Assessment Area"), more specifically described in the Supplemental Engineer's Report dated October 15, 2020, prepared by Hamilton Engineering & Surveying, Inc., as may be amended and supplemented from time to time (the "Engineer's Repo rt''). The District anticipates the construction of infrastructure improvements that benefit property owners within the Assessment Area of the District.

Purpose

This Master Assessment Methodology for the Assessment Area (the "Master Assessment Report'') provides for an assessment methodology that allocates the debt to be incurred by the Distri	to benefiting properties within the Assessl]leJ')t 1\1:ea wi ·	the District.. This Master A 5,  SE?Umlil   t  Re(,ort allocates the aebt to pro rtie.i baied on		bime.flts eifch  rece  es from	e capital imn,w wo·	nt plan (tlie ,..O  P").  This  Master Assessment e   ort  will  be  supp   rrented  with	e o more suwlemental methodology J"eports to
t the actual ter ,nd  condi  o  at th  time of  e Issuance of each series of District issued bonds.	ter Asses  nt Report is desi ed ln'C.'OnMl"m to the mrements df  Chapters  ¥J9     ii  170,  Flo·     a  Statut       th res	ep@@'ial assess  ents and is
n,;isten	tho	uri1ilerstanqhlg Hlw on this 1&ulject.

'IJl.e District intends t ·   po   n   ad valore   s\,ecia  assessments on the be   ftted lands within the Assessmen  Afea  ·   ·  ·   the Distri  t liised on this Master Assessment  Report. It is anticipated that all of the proposed special assessments will be collected tnrough the Uniform Method of Collection described in Chapter 197.3632, Florida Statutes or any other legal means of collection available to the District. It is not the intent of this Master Assessment Report to address any other assessments, if applicable, that may be levied by the District, a homeowner's association, or any other unit of government.

Background

The District currently includes approximately 630.83 acres in Osceola County, Florida. There are approximately 158.037 acres within the Assessment Area. The development program, with respect to the Assessment Area, currently includes approximately 610 residential units (herein the "Project Development Program"). The proposed Project Development Program is depicted in Table 1. It is recognized that such land use plan may change, and this Master Assessment Report will be modified accordingly.

The public improvements contemplated by the District for the CIP will provide facilities that benefit certain property within the Assessment Area within the District. The CIP is delineated in the Engineer's Report. Specifically, the District will construct and/or acquire

3

certain earthwork and stormwater management ponds, roads, storm drainage, potable water, sanitary sewer, reclaimed water, landscaping and sod for stormwater ponds, hardscape features, offsite improvements, professional fees, and water and sewer utility connection and impact fees. The acquisition and construction costs are summarized in Table 2.

The assessment methodology Js a four-step process.

The District Engineer must first determine the public infrastructure improvements and services that may be provided by the District and the costs to implement the CIP.
The District Engineer determines the assessable acres with the Assessment Area that benefit from the District's CIP.
A calculation is made to determine the funding amounts necessary to acquire and/or construct the OP.

This amount is initially divided equally  among  the  benefited properties on a prorated gross acreage basis. Ultimately, as land is F,l,a.tted, this amoW'l.t will be assigned l!8 each of the hefteiilled rQP.a"ties based on the umber of att@ti UNt8t

However, as discusse :"Wi · this Master A"s!ressm Report, these general benefits are incidental in nature and are readily distinguishable from the special and peculiar benefits, which accrue to the assessable property within the Assessment Area within the District. The implementation of the CIP enables properties within its boundaries of the Assessment Area to be developed. Without the District's CIP, there would be no infrastructure to support development of land within the Area within the District. Without these improvements, development of the property within the Assessment Area within the District would be prohibited by law.

There is no doubt that the general public and property owners outside boundaries of the Assessment Area within the District will benefit from the provision of the District's OP. However, these benefits will be incidental to the District's CIP, which is designed solely to meet the needs of property within the Assessment Area within the District. Properties outside of the Assessment Area within the District and outside of the District boundaries do not depend upon the District's CIP. The property owners within the Assessment Area within the District are therefore receiving special benefits

4

not received by those outside the boundaries of the Assessment Area and outside the District's boundaries.

Requirements of a Valid Assessment Methodology

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

The properties must receive a special benefit from the improvements being paid for.
The assessments must be fairly and reasonably allocated to the properties being assessed.

Florida law provides for a wide application of special assessments that meet these two characteristics of special assessments.

Special Benefits Exceed the Costs Allocated

Assessment Methodology

Overview

The District anticipates issuing up to $23,100,000 in Bonds to fund all or a portion of the District's CIP, provide for capitalized interest, a debt service reserve account and cost of issuance. It is the purpose of this Master Assessment Report to allocate the
$23,100,000 in debt to the properties within the Assessment Area benefiting from the OP.

Table 1 identifies the proposed Project Development Program as provided by the Developer. The Engineer's Report describes the CIP needed to support the Project Development Program. The CIP is estimated to cost $17,824,433 and is outlined in Table 2. Based on the estimated costs, the size of the bond issue, under market conditions, needed to generate funds to pay all or a portion of the OP and related costs

5

was determined by the District's Underwriter to total approximately $23,100,000. Table 3 shows the breakdown of the bond sizing.

Allocation of Debt

Allocation of debt is a continuous process until the Project Development Plan for the Assessment Area within the District is completed. The OP funded by District Bonds benefits all developable acres within the Assessment Area within the District.

The initial assessments will be levied on an equal basis to all acres within the Assessment Area within the District. A fair and reasonable methodology allocates the debt incurred by the District proportionately to the properties receiving the special benefits. At this point all of the lands within the Assessment Area within the District will benefit from the improvements.

The assignment of debt in this Master Assessment Report sets forth the process by which debt is apportioned. As mentioned herein, this Master Assessment Report will be supplemented from time to time.

Allocation of Benefit

The CIP consists of earthwork and stormwater management ponds, roads, storm drainage, potable water, sanitary sewer, reclaimed water, landscaping and sod for stormwater ponds, hardscape features, offsite improvements, professional fees, and water and sewer utility connection and impact fees. There are three residential product types within the planned development. The single-family 50' home has been set as the base unit and has been assigned one equivalent residential unit ("ERU"). Table 4 shows the allocation of benefit to the particular land uses. It is important to note that the benefit derived from the CIP on the particular units exceeds the cost that the units will be paying for such benefits.

6

Lienability Test: Special and Peculiar Benefit to the Property

Construction and/or acquisition by the District of its proposed OP will provide several types of systems, facilities and services for its residents. These include earthwork and stormwater management ponds, roads, storm drainage, potable water, sanitary sewer, reclaimed water, landscaping and sod for stormwater ponds, hardscape features, offsite improvements, professional fees, and water and sewer utility connection and impact fees. These improvements accrue in differing amounts and are somewhat dependent on the type of land use receiving the special benefits peculiar to those properties, which flow from the logical relationship of the improvements to the properties.

Once these determinations are made, they are reviewed in the light of the special benefits peculiar to the property, which flow to the properties as a result of their logical connection from the improvements in fact actually provided.

For the provision bi-the CIP, the speclal and pecul'

1) the addtii
2)
3}

d value of the pr perty.

v;duable than either for the provement

Lienability Test: Reasonable and Fair Apportionment of the Duty to Pay Non-Ad Valorem Assessments

A reasonable estimate of the proportion of special and peculiar benefits received from the public improvements described in the Engineer's Report relating to the OP is delineated in Table 5 (expressed as Allocation of Par Debt per Product Type).

The determination has been made that the duty to pay the non-ad valorem special assessments is fairly and reasonably apportioned because the special and peculiar benefits to the property derived from the acquisition and/or construction of the District's CIP have been apportioned to the property according to reasonable estimates of the special and peculiar benefits provided consistent with the land use categories.

Accordingly, no acre or parcel of property within the boundaries of the Assessment Area within the District will havea lien for the payment of any non-ad valorem special assessment more than the determined special benefit peculiar to that property and

7

therefore, the debt allocation will not be increased more than the debt allocation set forth in this Master Assessment Report.

In accordance with the benefit allocation suggested for the product types in Table 4, a total debt per unit and an annual assessment per unit have been calculated for each product type (Table 6). These amounts represent the preliminary anticipated per unit debt allocation assuming all anticipated units are built and sold as planned, and the entire proposed CIP is developed or acquired and financed by the District.

3.0	True Up Mechanism

Although the District does not process plats, declaration of condominiums, site plans or revisions thereto for the Developer, it does have an important role to play during the course of platting and site planning. Whenever a plat, declaration of condominium or site plan is processed, the District must allocate a portion of its debt to the property according to this Master Assessment Report outlined herein. In addition, the District must also prevent any buildup of debt on Unassigned Property.  Otherwise, the land
could  beifully coiweyed  and/or P.   tt	without aI1. ol tne cieot being allocate .	10
pa::eclude this, at	time Unass·	Properties become Assigne	Prc,perlies, the

o· trict1 ill detemune the amo	ficipated  asa;essment revenue that remains on
e  Unassi311ed  Pr	ties,  ta	o account lthe proposed plat, ctr site plan appr-oval	the 1:	anticip  tap. asses!im.ent revenue	be   generatoo    from  the
Assigned and t'!Signed Pro  ·  esisgre ter than or equal blthe maximum  annual cfebi: servlceithen debt red tiOfl: iti E8Ef11irttd. In the .:ase that the revenue 3enerated s  Jss   than the  reqµired  amt1► lll'l't~'thettc  a    eti.t redt.:tibn  or true-up  paY'1ent  by  the
1   down  r  ln  the   oiunt   e<J!Ssary  to  r   ute   th   par amount of  the  outstanding Bonds pl ccrued· teJrest tq a level that Ji be u ported by the ne net annual
debt service assessments will be required.

Assessment Roll

The District will initially distribute the liens across the Assessment Area within the District boundaries on a gross acreage basis. As Assigned Property becomes known with certainty, the District will refine its allocation of debt from a per acre basis to a per unit basis as shown in Table 6 on a first platted first assigned basis. H the land use plan changes, then the District will update Table 6 to reflect the changes. As a result, the assessment liens are neither fixed nor are they determinable with certainty on any acre of land within the Assessment Area within the District prior to the time final Assigned Properties become known. At this time the debt associated with the District's CIP will be distributed evenly across the acres within the Assessment Area within the District. As the development process occurs, the d bt will be distributed against the Assigned Property in the manner described in this Master Assessment Report. The current assessment roll is depicted in Table 7.

8

TABLE 1
STONEYBROOK SOUTH AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT DEVELOPMENT PROGRAM
MASTER ASSESSMENT METHODOLOGY - FOX SOUTH ASSESSMENT AREA

Product Types	Fox South	Total	ERUs per Unit (1)	Total ERUs		
Condo (MF)	120	120	0.5	60		
Townhome (SF)	160	160	0.75	120		
Single Family 40'	146	146	0.8	116.8		
Single Family 50'	145	145	1	145		
Single Family 60'	35	35	1.20	42		
Single Family 80'	4	4	1.60	6.4			
Total Units	610	610	490	

Benefit is allocated on an ERU basis; based on density of planned development, with Single Family 50' = 1 ERU

* Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

TABLE 2
STONEYBROOK SOUTH AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT INFRASTRUCTURE COST ESTIMATES
MASTER ASSESSMENT METHODOLOGY - FOX SOUTH ASSESSMENT AREA

IFox South Capital Improvement  Plan ("CIP")  (1)	

Earthwork/Erosion Control/Stormwater Managment Ponds	$560,555	
Roads	$1,190,740	
Storm Drainage	$1,974,731	
Potable Water	$1,257,802	
Sanitary Sewer	$1,351,993	
Reclaimed Water	$156,839	
Landscaping and Sod for Stormwater Ponds	$41,000	
Hardscape Features	$200,000	
Offsite Improvements	$4,539,015	
Professional Fees	$1,254,000	
Water and Sewer Utility Connection and Impact Fees	$3,677,355	
Contingency	$1,620,403	

!Total Captial Improvements	$17,824,433!	

(1) A detailed description of these improvements is provided in the Engineer's Report dated October 15, 2020.		

Prepared by: Governmental Management Services - Central Florida, LLC

TABLE 3
STONEYBROOK SOUTH AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT BOND SIZING
MASTER ASSESSMENT METHODOLOGY - FOX SOUTH ASSESSMENT AREA

 Description	

Construction Funds Debt Service Reserve capitalized Interest Underwriters Discount Cost of Issuance Contingency

$17,824,433
$1,782,443
$2,772,000
$462,000
$250,000
$9,124

Par Amount*	$23,100,000

Bond Assumptions:
Average Coupon Rate Amortization
Total capitalized Interest Debt Service Reserve Underwriters Discount

* Par amount is subject to change based on the actual terms at the sale of the Bonds

Prepared by: Governmental Management Services - Central Florida, LLC

6.00%
30 years
24 Months Max Annual D/S
2%

TABLE 4
STONEYBROOK SOUTH AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT ALLOCATION OF BENEFIT
MASTER ASSESSMENT METHODOLOGY - FOX SOUTH ASSESSMENT AREA

	
Product Types	No. of Units *	
ERU Factor	
Total ERUs	% of Total
ERUs	Total Improvements
Costs Per Product Type	Improvement Costs
Per Unit		
	Condo {MF)	120	0.5	60	12.24%	$2,181,693	$18,181		
	Townhome {SF)	160	0.75	120	24.48%	$4,363,386	$27,271		
	Single Family 40'	146	0.8	117	23.83%	$4,247,029	$29,089		
	Single Family SO'	145	1	145	29.58%	$5,272,425	$36,362		
	Single Family 60'	35	1.2	42	8.57%	$1,527,185	$43,634		
	Single Family 80'	4	1.6	6	1.31%	$232,714	$58,178		
	Totals	610		490	100.00%	$17,824,433			

* Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

TABLE 5
STONEYBROOK SOUTH AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT ALLOCATION OF TOTAL BENEFIT/PAR DEBT TO EACH PRODUCT TYPE PER UNIT MASTER ASSESSMENT METHODOLOGY - FOX SOUTH ASSESSMENT AREA

	

Product Types	
No. of Units *	

ERU Factor	

Total ERUs	Improvements Costs Per Product Type	Allocation of Par Debt Per
ProductT e	
Par Debt		
	Condo (MF)	120	0.50	60	$	2,181,693	$ 2,827,417	$	23,562		
	Townhome (SF)	160	0.75	120	$	4,363,386	$ 5,654,835	$	35,343		
	Single Family 40'	146	0.80	117	$	4,247,029	$ 5,504,039	$	37,699		
	Single Family 50'	145	1.00	145	$	5,272,425	$ 6,832,925	$	47,124		
	Single Family 60'	35	1.20	42	$	1,527,185	$ 1,979,192	$	56,548		
	Single Family 80'	4	1.60	6	$	232,714	$	301,591	$	75,398		
	Totals	610		490	17,824,433	$ 23,100,000			

Per Unit

Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

TABLE 6
STONEYBROOK SOUTH AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT
PAR DEBT AND ANNUAL ASSESSMENTS FOR EACH PRODUCT TYPE
MASTER ASSESSMENT METHODOLOGY - FOX SOUTH ASSESSMENT AREA	

	

Product Types	
No.of Units*	
ERU Per
Unit	
Total
ERUs	Allocation of Par Debt Per Product Type	
Total Par Debt Per Unit	Maximum Annual Debt
Service	Net Annual Debt
Assessment Per Unit	Gross Annual Debt
Assessment Per Unit (1)		
	Condo (MF)	120	0.50	60.00	$2,827,417	$23,562	$218,169	$1,818	$1,934		
	Townhome (SF)	160	0.75	120.00	$5,654,835	$35,343	$436,339	$2,727	$2,901		
	Single Family 40'	146	0.80	116.80	$5,504,039	$37,699	$424,703	$2,909	$3,095		
	Single Family 50'	145	1.00	145.00	$6,832,925	$47,124	$527,243	$3,636	$3,868		
	Single Family 60'	35	1.20	42.00	$1,979,192	$56,548	$152,719	$4,363	$4,642		
	Single Family 80'	4	1.60	6.40	$301,591	$75,398	$23,271	$5,818	$6,189		
	Totals	610		490	$23,100,000		$1,782,443				

(1) This amount includes collection fees and early payment discounts when collected on the Osceola County Tax Bill

Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

TABLE 7
STONEYBROOK SOUTH AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT PRELIMINARY ASSESSMENT ROLL
MASTER ASSESSMENT METHODOLOGY • FOX SOUTH ASSESSMENT AREA

Total Par Debt		Net Annual Debt		Gross Annual Allocation Per	Total Par Debt		Assessment	Debt Assessment
Owner	Proeertv*	Acres	Acre	Allocated	Allocation	Allocation (1)

	LEN CG SOUTH, LLC	SEE LEGAL	158.04	$146,168	$23,100,000	$1,782,443	$1,896,216		
	Totals		158.04		$23,100,000	$1,782,443	$1,896,216		

(1) This amount includes 6% to cover collection fees and early payment discounts when collected utilizing the uniform method.

30
6.00%
$1,782,443

Annual Assessment Period
Average Coupon Rate (%) Maximum Annual Debt Service

* - See Metes and Bounds, attached as Exhibit A

Prepared by: Governmental Management Services - Central Florida, LLC

L,£GAL PESCBIFQON FQB STQNE@RQOK SQUJH NORTH PARCEL PHASE 5;
COMMENCE AT THE SOUTHWEST CORNER Of TIE SOUTllWEST 1/4OF SECTION 30,TOWNSHIP 25 SOUTH, RANGE 27 EAST, OSCEOLA COUNlY, Fl.ORlDA, RUN THENCE N W42'0r E, ALONG THE SOUlll UNE Of SAID SOUTHWEST 1/4, OF SAID SECJ10N 30,14!1L33 FEET,10 THE SOUTHWEST
CORNER OFTHE SOUlHEAST 1/4 OF SOUTHWEST 1/4; TifENCE N 00" 06'17" E, ALONG THE WEST UNE OF SAID SOIITHEAST 1/4 OF TifE SOUTHWEST 1/4,60.00 FEET; TO THE POINT OF BEGINNING: CONTINUING ALONG SAID WEST UNE, THENCE N 1111' 06' 17" E, 2574.UFEET, TO A POINT ON THE SOUTH RIGHT OF WAY UNE OF A 30.00 FOOT PLATTED ftlGHT OF WAY, SAID POINT BEING 15.0 FEET SOIITH OF TifE NORTHWEST CORNER OF THE NORTHEAST 1/4 OF THE SOUTHWEST 1/4,OFSAID SECTION 30; THENCE N119" 47' 14" E, Al.ONG SAID SOUTH RIGHT OF WAY UNE, 2658.38 FEET, TO
THE EAST LINE OF THE WEST 1/2 OF THE SOUTHEAST 1/4 OFSAID SECTION 30;THENCE S00"15' 33" W, ALONG SAID EAST LINE, 2630,44FEET, TO THE
SOUTHEAST CORNER Of THE SOUlllWEST 1/4 OF THE SOUTHEAST 1/4OF SAID SECTION 30;THENCE S19" 42' 08" W, Al.ONG THE SOUTH UNE OF SAID SOUTHWEST 1/4 Of SOUTHEAST 1/4FOil A DISTANCE OF 873.1& FEET TO A POINT ONTHE NORTH RIGHT OF WAY LINE OF THE IEUA cnTA IOUlEVARD, SAID POINT ALSO BEING ON ANON-TANGENT CURVE, SAID CURVE IIBNG CONCAVE SOUTHWESTBILY HAVING A RAOIUS OFno.ooFUT; A otORD BEARING AND DISTANCE OF N71' 26' 11" W, 291.18 FEET, AND A CENTRAL ANGLE OF 23• 43' 24"; I\UN THENCE NORTHWESTERLY ALONG
THE ARC OF SAID CURVE 293.H FEET TOlHEPOINT OF TANGENCY; CONmUING ALONG THE NORTH RIGHT OF WAY LINE OF IELLA CITTA BOULEVARD, THENCE Sn• 42' oa• w, 52.54 FEETlO lHEPOINT OF CURVATURE OF AOJRVE CONCAVE NORTHEASTERLY HAVING A RADIUS OF 25.00
FEET; A CHORD BEARING AND DISTANCE OF N45' 38' 54" W,35.14 FEET, ANDA CENTRAL ANGLE OF 19"17' 59"; RUN THENCE NOI\THWESTEI\LY ALONG THE ARC OF SAIDCURVE 38.!16 FEET TOTHE POINT OFTANGENCY; THENCE S 89' 42' 10" W FOR A DISTANCE OF UD,D1FEET TO THE POINT ON A NON-TANGENT CURVE CONrAVE NORTHWESTERLY HAVING A RADIUS OF 25,00 FEET; A CHORD BEARING AND DISTANCE OF S 45' 03' 41" W,35.13 FEET, AND A CENTRAL ANGLE OF119" 1&' 54"; RUN THENCE SOUTHWESTEIU.Y ALONG THEAAC OF SAID CURVE 38.96 FEETm THE POINT OFTANGENCY; THENCE S119" 42' 08" W, ALONG SAID NORTH RIGHT OF WAY UNE, 1269.54 FEET TO THE POINT OF IE GINNING.

CONTAINING 158.037 ACRES MORE OR LESS.

LEGAL DESCRIPTION PROVIDED BY: KPM FRANKLIN
B.1	1.hI Q	LEGAL DESCRIPTION	EXHIBIT	

STONEYBROOK SOUTH AT CHAMPIONSGATE COD	

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Orlando, FL 32803	LBl7013, CAlf8474			
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29,30,31-25S-27E	53670.0001			

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S ECTION C

RESOLUTION NO. 2021-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE STONEYBROOK SOUTH AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT DECLARING SPECIAL ASSESSMENTS ON CERTAIN PROPERTY WITHIN THE DISTRICT KNOWN AS FOX SOUTH ASSESSMENT AREA; INDICATING THE LOCATION, NATURE AND ESTIMATED COST OF THOSE IMPROVEMENTS WHOSE COST IS TO BE DEFRAYED BY THE SPECIAL ASSESSMENTS; PROVIDING THE PORTION OF THE ESTIMATED COST OF THE IMPROVEMENTS TO BE PARTIALLY DEFRAYED BY THE SPECIAL ASSESSMENTS; PROVIDING THE MANNER IN WHICH SUCH SPECIAL ASSESSMENTS SHALL BE MADE; PROVIDING WHEN SUCH SPECIAL ASSESSMENTS SHALL BE MADE; DESIGNATING LANDS UPON WHICH THE SPECIAL ASSESSMENTS SHALL BE LEVIED; PROVIDING FOR AN ASSESSMENT PLAT; APPROVING A SUPPLMENTAL ENGINEER'S REPORT FOR THE FOX SOUTH AND FOX NORTH PROPERTIES; APPROVING A MASTER ASSESSMENT METHODOLOGY FOR FOX SOUTH ASSESSMENT AREAS; ADOPTING A PRELIMINARY ASSESSMENT ROLL; PROVIDING FOR A PUBLIC HEARING TO CONSIDER THE ADVISABILITY AND PROPRIETY OF SAID ASSESSMENTS AND THE RELATED IMPROVEMENTS; PROVIDING FOR NOTICE OF SAID PUBLIC HEARING; PROVIDING FOR PUBLICATION OF THIS RESOLUTION; PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, the Stoneybrook South at ChampionsGate Community Development District (the "District") previously adopted its Mast_er Project Engineer's Report, dated October 4, 2016, describing the master capital infrastructure improvement program to be constructed and/or acquired by the District; and

WHEREAS, the District has been requested by the developer of the lands within the District to prepare an engineer's report describing the portion of the Master Infrastructure Project to be constructed only on or specially benefitting the Fox South Assessment Area and Fox North Assessment Area and the District Engineer has prepared the Stoneybrook South at ChampionsGate Community Development District Supplemental Engineer's Report for the Fox South and Fox North Properties, dated October 15, 2020 (the "Engineer's Report"), which is incorporated herein and attached hereto as Exhibit "A"; and

WHEREAS, the District, by Resolution 2017-25, approved its Master Assessment Methodology for 2016 Project for Stoneybrook South at ChampionsGate Community Development District, dated October 4, 2016 and levied assessments on the benefitted property in the District based thereon; and

WHEREAS, the District desires to adopt a Master Assessment Methodology for Fox South Assessment Area, dated November 2, 2020 (the "Master Assessment Report") which is

Resolution 2021-04 Authorizing Work on Series 2020 Bonds Stoneybrook South at ChampionsGate Community Development District Series 2020 Bonds - Fox South Assessment Area (Fox South Project)

incorporated herein, attached hereto as Exhibit "B," and on file at the officers of Governmental Management Services - Central Florida, LLC, 219 East Livingston Street, Orlando, Florida 32801 ("District Records Office"), and to allocate the cost of the Fox South Project to the benefitted lands of the Fox South Assessment Area; and

WHEREAS, the Board of Supervisors of the Stoneybrook South at ChampionsGate Community Development District ("Board") hereby determines to undertake, install, plan, establish, construct or reconstruct, enlarge or extend, equip, acquire, operate, and/or maintain the infrastructure improvements within the Fox South Assessment Area ("Capital Improvement Plan") described in the Engineer's Report; and

WHEREAS, the Board has determined that the Stoneybrook South at ChampionsGate Community Development District ("District") shall defray the cost of the Capital Improvement Plan by the levy of non-ad valorem special assessments pursuant on the properties within the District to Chapter 190, Florida Statutes ("Assessments"); and

WHEREAS, the District is empowered by Chapter 190, the Uniform Community Development District Act, Chapter 170, Supplemental Alternative Method of Making Local and Municipal Improvements, and Chapter 197, Florida Statutes, to finance, fund, plan, establish, acquire, construct or reconstruct, enlarge or extend, equip, operate, and maintain the improvements and to impose, levy and collect the Assessments; and

WHEREAS, the District hereby determines that benefits will accrue to the property improved, the amount of those benefits, and that special assessments will be made in proportion  to the benefits received as set forth in the Master Assessment Report; and

WHEREAS, the District hereby determines that the Assessments to be levied will not exceed the benefits to the property improved.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE STONEYBROOK SOUTH AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT, OSCEOLA COUNTY, FLORIDA:

Assessments shall be levied to defray the cost of the Capital Improvement Plan.

The Board hereby approves and adopts the Engineer's Report and the Master Assessment Report which may be amended from time to time by this Board.

The general nature of the Capital Improvement Plan is more specifically described in the Engineer's Report and in certain plans and specifications on file at the District Records Office.

The general location of the Capital Improvement Plan is shown in the Engineer's Report and in plans and specifications on file at the District Records Office for the Fox South Assessment Area.

Resolution 2021--04 Authorizing Work on Series 2020 Bonds Stoneybrook South at ChampionsGate Community Development District Series 2020 Bonds - Fox South Assessment Area (Fox South Project)

The estimated cost of the Capital hnprovement Plan is approximately $17,824,433 (hereinafter collectively referred to as the "Estimated Cost").

The Assessments will defray approximately $23,100,000 for the Capital Improvement Plan, which includes the Estimated Cost, plus financing related costs, capitalized interest and debt service reserve.

The manner in which the Assessments shall be made is contained within the Master Assessment Report, which is attached hereto as Exhibit "B" and is also available at the District Records Office.

The Assessments shall be levied on all lots and lands within the District which are adjoining to, contiguous with or bounding and abutting upon the Capital Improvement Plan or specially benefited thereby and are further designated on the assessment plat referenced below.

There is on file at the District Records Office, an assessment plat showing the area to be assessed, together with plans and specifications describing the Capital Improvement  Plan and the Estimated Cost, which shall be open to inspection by the public.

The District Manager has caused to be made a preliminary assessment roll, in accordance with the method of assessment described in Exhibit "B" hereto, which shows the lots and lands assessed, the amount of benefit to and the assessment against each lot or parcel of land and the number of annual installments into which the assessment may be divided, which is hereby adopted and approved as the District's preliminary assessment roll.

Commencing with the year in which the Assessments are confirmed, the Assessments shall be paid in accordance with the Master Assessment Report, but in no event in more than thirty annual installments payable at the same time and in the same manner as are ad­ valorem taxes and as prescribed by Chapter 197, Florida Statutes; provided, however, that in the event the non ad-valorem assessment method of collecting the Assessments is not available to the District in any year, or the District determines not to utilize the provisions of Chapter 197, Florida Statutes, the Assessments may be collected as is otherwise permitted by law.

The Board shall adopt a subsequent resolution to fix a time and place at which the owners of property to be assessed or any other persons interested therein may appear before the Board and be heard as to the propriety and advisability of the assessments or the making of the hnprovements, the cost thereof, the manner of payment therefore, or the amount thereof to be assessed against each property as improved.

The District Manager is hereby directed to cause this Resolution to be published twice (once a week for two (2) weeks) in a newspaper of general circulation within Osceola County and to provide such other notice as may be required by law or desired in the best interests of the District.

This Resolution shall become effective upon its passage.

Resolution 2021-04 Authorizing Work on Series 2020 Bonds Stoneybrook South at ChampionsGate Community Development District Series 2020 Bonds - Fox South Assessment Area (Fox South Project)

Any capitalized terms used herein and not defined, shall have the meanings set forth in the Master Assessment Report.

PASSED AND ADOPTED this 2nd day of November, 2020

ATTEST:

BOARD OF SUPEVISORS OF THE STONEYBROOK	SOUTH	AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT, a Florida
community development district

By: _ _ _

_ _ _ _ _ _

By: _ _

_ _ _

_ _ _ _ _ _

_ _ _

Name: _ _ _ _

_ _ _ _ _ _

Name: ---------------

Secretary / Assistant Secretary	Chairman I Vice Chairman

Exhibit "A" - Stoneybrook South at ChampionsGate Supplemental Engineer's Report for the Fox South and Fox North Properties, dated October 15, 2020
Exhibit "B" - Master Assessment Methodology for Fox South Assessment Area, dated November 2, 2020

Resolution 2021-04 Authorizing Work on Series 2020 Bonds Stoneybrook South at ChampionsGate Community Development District Series 2020 Bonds - Fox South Assessment Area (Fox South Project)

EXHIBIT "A" ENGINEERS REPORT
Stoneybrook South at ChampionsGate Community Development District Supplemental Engineer's Report for the Fox South and Fox North Properties Dated October 15, 2020

[ATTACHED ON FOLLOWING PAGES]

Resolution 2021-04 Authorizing Work on Series 2020 Bonds Stoneybrook South at ChampionsGate Community Development District Series 2020 Bonds · Fox South Assessment Area (Fox South Project)

EXHIBIT "B"

MASTER ASSESSMENT REPORT

Master Assessment Methodology for Fox South Assessment Area
Dated November 2, 2020

[ATTACHED ON FOLLOWING PAGESJ

Resolution 2021-04 Authorizing Work on Series 2020 Bonds Stoneybrook South at ChampionsGate Community Development District Series 2020 Bonds - Fox South Assessment Area (Fox South Project)

SECTION D

RESOLUTION 2021-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE STONEYBROOK SOUTH AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT SETTING A PUBLIC HEARING TO BE

HELD ON _ _ _ _ _

_   _ ,   2020  AT    	

A.M./P.M. AT

-- - - - - - - - - -

FOR THE PURPOSE OF HEARING

PUBLIC COMMENT ON IMPOSING SPECIAL ASSESSMENTS ON CERTAIN PROPERTY WITHIN THE DISTRICT IN ACCORDANCE WITH CHAPTERS 170,197,190, FLORIDA STATUTES; PROVIDING FOR SEVERABILITY, CONFLICTS AND AN EFFECTIVE DATE.

WHEREAS, the Stoneybrook South at ChampionsGate Community Development District (the "District) is a local unit of special-purpose government duly organized and existing under the provisions oftbe Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the "Act"); and

WHEREAS, the District has previously adopted Resolution 2021-04, entitled:

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE STONEYBROOK SOUTH AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT DECLARING SPECIAL ASSESSMENTS ON CERTAIN PROPERTY WITHIN THE DISTRICT KNOWN AS FOX SOUTH ASSESSMENT AREA; INDICATING THE LOCATION, NATURE AND ESTIMATED COST OF THOSE IMPROVEMENTS WHOSE COST IS TO BE DEFRAYED BY THE SPECIAL ASSESSMENTS; PROVIDING THE PORTION OF THE ESTIMATED COST OF THE IMPROVEMENTS TO BE PARTIALLY DEFRAYED BY THE SPECIAL ASSESSMENTS; PROVIDING THE MANNER IN wmcH SUCH SPECIAL ASSESSMENTS SHALL BE MADE; PROVIDING WHEN SUCH SPECIAL ASSESSMENTS SHALL BE MADE; DESIGNATING LANDS UPON WHICH THE SPECIAL ASSESSMENTS SHALL BE LEVIED; PROVIDING FOR AN ASSESSMENT PLAT; APPROVING A SUPPLMENTAL ENGINEER'S REPORT FOR THE FOX SOUTH AND FOX NORTH PROPERTIES; APPROVING A MASTER ASSESSMENT METHODOLOGY FOR FOX SOUTH ASSESSMENT AREAS; ADOPTING A PRELIMINARY ASSESSMENT ROLL; PROVIDING FOR A PUBLIC HEARING TO CONSIDER THE ADVISABILITY AND PROPRIETY OF SAID ASSESSMENTS AND THE RELATED IMPROVEMENTS; PROVIDING FOR NOTICE OF SAID PUBLIC HEARING; PROVIDING FOR PUBLICATION OF THIS RESOLUTION; PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, in accordance with Resolution No. 2021-04 a preliminary assessment roll

Resolution 2021-05 Setting Public Hearing
Stoneybrook South at ChampionsGate Community Development District Series 2020 Bonds - Fox South Assessment Area (Fox South Project)

has been prepared and all other conditions precedent set forth in Chapter 170, 197 and 190, Florida Statutes, to the holding of the aforementioned public hearing have been satisfied, and the roll and related documents are available for public inspection at 219 East Livingston Street, Orlando, Florida 32801 (the "District Records Office").

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF STONEYBROOK SOUTH AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT AS FOLLOWS:

INCORPORATION OF RECITALS. The recitals stated above are true and correct and by this reference are incorporated by reference as a material part of this Resolution.

DECLARATION OF PUBLIC HEARING. The District hereby declares a public hearing

to	be	held	on

_ _ _

_  _  _	2020,	at

_   _	_	A.M./P.M.	at	the

_ _ _ _

_ _ _

_	for the purpose of hearing comment and objection to the proposed special

assessment program for community improvements as identified in the Master Assessment Methodology, dated November 2, 2020 (the "Master Assessment Report") attached hereto as Exhibit "A" and the preliminary assessment roll, available at the District Records Office.  Affected parties may appear at the hearing or submit their comments in writing prior to the meeting to the attention of the District Manager at the District Records Office.

ADVERTISING OF PUBLIC HEARING. Notice of said hearing shall be advertised in accordance with Chapter 170, 190, and 197, Florida Statutes, and the District Manager is hereby authorized and directed to place said notice in a newspaper of general circulation within Osceola County (by two publications one week apart with the last publication at least one week prior to the date of the hearing established herein). The District Manager shall file a publisher's affidavit with the District Secretary verifying such publication of notice. The District Manager is further authorized and directed to give thirty (30) days' written notice by mail  of the time and place of this hearing to the owners of all property to be assessed and include in such notice the amount of the assessment for each such property owner, a description of the areas to be improved and notice that information concerning all assessments may be ascertained at the District Records Office. The District Manager shall file proof of such mailing by affidavit with the District Secretary.

SEVERABILITY. If any section, paragraph, clause or provision of this Resolution shall be held to be invalid or ineffective for any reason, the remainder of this Resolution shall continue in full force and effect, it being expressly hereby found and declared that the remainder of this Resolution would have been adopted despite the invalidity or ineffectiveness of such section, paragraph, clause or provision.

CONFLICTS. All resolutions or parts thereof in conflict herewith are, to the extent of such conflict, superseded and repealed.

EFFECTIVE DATE. This Resolution shall take effect immediately upon its adoption.

Resolution 2021-05 Setting Public Hearing
Stoneybrook South at ChampionsGate Community Development District Series 2020 Bonds - Fox South Assessment Area (Fox South Project)

SIGNATURE PAGE FOR RESOLUTION 2021-05

ADOPTED this 2nd day of November, 2020

STONEYBROOK	SOUTH	AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT

Attest:

Its: Secretary

Chairperson or Vice Chairperson, Board of Supervisors

Resolution 2021-05 Setting Public Hearing
Stoneybrook South at ChampionsGate Community Development District Series 2020 Bonds - Fox South Assessment Area (Fox South Project)

EXHIBIT "A"

MASTER ASSESSMENT REPORT

Master Assessment Methodology for Fox South and Fox North Properties (2020 Project)
(dated November 2, 2020)

[ATTACHED ON FOLLOWING PAGES]

Resolution 2021-05 Setting Public Hearing
Stoneybrook South at ChampionsGate Commuoity Development District Series 2020 Bonds - Fox South Assessment Area (Fox South Project)

S ECTION IX

S ECTION C

SECTION 1

Stoneybrook South at ChampionsGate
Community Development District

Sum m ar y of Checks

September 8, 2020 to October 26, 2020

	Bank	Date	Check#	Amount	
	
General Fund	
9/9/20	
253	
$	4,669.78	
		9/17/20	254-255	$	8,746.50	
		9/23/20	256	$	5,000.00	
		10/1/20	257-258	$	6,010.38	
		10/8/20	259	$	4,905.19	
		10/16/20	260-261	$	425.00	
		10/22/20	262-263	$	10,509.13	
				$	40,265.98	

$	40,265.98 1

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 10/26/20
*** CHECK DATES 09/08/2020 - 10/26/2020 ***	STONEYBROOK SOUTH@ CG - GF
BANK A STONEYBROOK SOUTH

PAGE	l

CHECK  VEND# ••...INVOICE•.••••..EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
9/09/20 00001	9/01/2085	202009 310-51300-34000
MANAGEMENT FEES SEP20 9/01/2085	202009 310-51300-35100
INFORMATION TECH SEP20 9/01/2085	202009 310-51300-31300
DISSEMINATION FEE SEP20 9/01/2085	202009 310-51300-51000
OFFICE SUPPLIES
9/01/2085	202009 310-51300-42000
POSTAGE
9/01/2085	202009 310-51300-42500
COPIES
9/01/2086	202009 320-53800-12000
FIELD MANAGEMENT SEP20

STATUS	AMOUNT	...•CHECK••...
AMOUNT	#
*	2,708.33
*	100.00
*	583.33
*	5.12
*	2.00
*	21.00
*	1,250.00

9/17/20 00010

GOVERNMENTAL MANAGEMENT SERVICES-CF
9/10/20 75271	202009 320-53800-46200
MTHLY MNT-TRAC K-SEP20
9/10/20 75271	202009 320-53800-46200
MTHLY MNT-WHISTLING STRTS

- - -  -  -  - - - - - -4-,66-9.-78-  000253
*	3,170.00
*	5,339.00

9/17/20 00015

DOWN TO EARTH LAWNCARE II, INC.
9/02/20 61952	202008 310-51300-31100
BOS MTG/REV.ENG RPT/BNDRY

-  -  -  -  -	- - - - -8,-50-9.-00-

-

*	237.50

000254

9/23/20 00001

HAMILTON ENGINEERING & SURVEYING
9/15/2087	202009 300-15500-10000
FY21 ASSESSMENT ROLL CERT

- - -  -  -  - - -  - - - -2-37-.5-0 000255
*	5,000.00

10/01/20 00002

GOVERNMENTAL MANAGEMENT SERVICES-CF
9/23/20 93991	202008 310-51300-31500
RVW AGEN/EXPAN/NEW BO MEM 9/23/20 93992	202008 310-51300-31500
REV EXPAN/PREP ORD EXPAN

- - - -  -  - - - - - -5-,00-0.-00-
*	496.10
*	5,081.77

000256

10/01/20 00003

LATHAM, LUNA, EDEN & BEAUDINE
9/07/20 25260528 202009 310-51300-48000
NOTICE OF BO MTG 9/14/20

- -  - - - - - -  -  -  -5-,5-77.8-7 000257

-

*	432.51

ORLANDO SENTINEL
10/08/20 00001	10/01/2088	202010 310-51300-34000
MANAGEMENT FEES OCT20 10/01/2088	202010 310-51300-35100
INFORMATION TECH OCT20 10/01/2088	202010 310-51300-31300
DISSEMINATION FEE OCT20
SSCG STONEYSCG

TVISCARRA

- - - -  -  - - - - - - -4-32-.'5-1 000258
*	2,916.67
*	100.00
*	625.00

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 10/26/20
*** CHECK DATES 09/08/2020 - 10/26/2020 ***	STONEYBROOK SOUTH@ CG - GF
BANK A STONEYBROOK SOUTH

PAGE	2

CHECK  VEND# .•.••INVOICE•••.•..•EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
10/01/2088	202010 310-51300-51000
OFFICE SUPPLIES
10/01/2088	202010 310-51300-42000
POSTAGE
10/01/2088	202010 310-51300-42500
COPIES
10/01/2089	202010 320-53800-12000
FIELD MANAGEMENT OCT20

STATUS	AMOUNT	••••CHECK•.••• AMOUNT	#
*	.12
*	2.00
*	11.40
*	1,250.00

GOVERNMENTAL MANAGEMENT SERVICES-CF
10/16/20 00015	10/02/20 62276	202009 310-51300-31100
BOARD OF SUPERVISORS MTG

4,905.19 000259
*	142.50

HAMILTON ENGINEERING & SURVEYING
10/16/20 00003	9/25/20 25845458 202009 310-51300-48000
NOT.OF FY21 MEETING DATES

*	282.50

142.50 000260

ORLANDO SENTINEL
10/22/20 00006	10/01/20 83534	202010 310-51300-54000
SPECIAL DISTRICT FEE-FY21

*	175.00

282.50 000261

DEPARTMENT OF ECONOMIC OPPORTUNITY

*

10/22/20 00010 10/09/20 78301	202010 320-53800-47300
WHISTLING STRT-PRS/NOZZ
10/09/20 78301	202010 320-53800-47300	*
OLYMPIC CLB-PRS/TUBE/FIT
10/09/20 78301	202010 320-53800-47300	*
RPR/RPLC DECODER-TRACT K
10/09/20 78301	202010 320-53800-47300	*
RPR/RPLC ROTOR-TRACT K
10/10/20 77327	202010 320-53800-46200	*
MTHLY MNT-TRAC K - OCT20
10/10/20 77327	202010 320-53800-46200	*
MTHLY MNT-WHISTLING STRTS

585.06
220.63
577.94
441.50
3,170.00
5,339.00

175.00 000262

DOWN TO EARTH LAWNCARE II, INC.

TOTAL FOR BANK A TOTAL FOR REGISTER

40,265.98
40,265.98

10,334.13 000263

SSCG STONEYSCG	TVISCARRA

S ECTION 2

•	•

•

Stoneybrook South at ChampionsGate
Community Development District

Unaudited Financial Reporting September 30, 2020

•	•

•

•

•

•

•

Table of Contents

Balance Sheet

General Fund Income Statement

Series 2017 Debt Service Fund Income Statement

Series 2019 Debt Service Fund Income Statement

Series 2017 Capital Projects Income Statement

Series 2019 capital Projects Income Statement

Month to Month

Long Term Debt Summary

Developer Contribution Schedule

FY20 Assessment Receipt Schedule

Series 2019 Construction Schedule

STONEVBROOK SOUTH AT CHAMPIONSGATE
COMMUNITY DEVELOPMENT DISTRICT BALANCE SHEET
September 30, 2020

	General	Debt Service	capital Projects		Totals		
	Fund	Fund	Fund		2020		

ASSETS:								
CASH		$184,090				$184,090		
PREPAID EXPENSES		$15,848				$15,848		
DEPOSITS		$16,000				$16,000		
INVESTMENTS								
SERIES 2017								
RESERVE			$150,900			$150,900		
REVENUE			$205,845			$205,845		
CONSTRUCTION				$111		$111		
SERIES 2019
RESERVE			
$449,947			
$449,947		
REVENUE			$327,683			$327,683		
CONSTRUCTION				$45		$45		
TOTAL ASSETS		$215,938	$1,134,375	$156		$1,350,469		

LIABILITIES:								
ACCOUNTS PAYABLE		$10,492				$10,492		
FUND EQUITY:								
FUND BALANCES:
RESTRICTED FOR DEBT SERVICE 2017			
$356,745			
$356,745		
RESTRICTED FOR DEBT SERVICE 2019			$777,630			$777,630		
RESTRICTED FOR CAPITAL PROJECTS 2017				$111		$111		
RESTRICTED FOR CAPITAL PROJECTS 2019				$45		$45		
UNASSIGNED		$205,446				$205,446		
TOTAL LIABILITIES & FUND EQUITY		$215,938	$1,134,375	$156		$1,350,469		

STONEYBROOK SOUTH AT CHAMPIONSGATE
COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND
Statement of Revenues  & Expenditures
For The Period Ending September 30, 2020

ADOPTED	PRORATED BUDGET	ACTUAL
BUDGET	THRU 9/30/20	THRU 9/30/20	VARIANCE

REVEN U ES;

ASSESSMENTS - TAX ROLL	$455,127	$455,127	$458,013	$2,885
ASSESSMENTS - DIRECT BILLED	$25,791	$25,791	$25,791	$0
DEVELOPER CONTRIBUTIONS	$0	$0	$14,245	$14,245

TOTAL REVENUES	$480,918	$480,918	$498,048	$17,130

EXPENDITURES:

ADMINISTRATIVE:

ENGINEERING	$12,000	$12,000	$19,715	($7,715)
ATTORNEY	$25,000	$25,000	$37,818	($12,818)
DISSEMINATION	$7,500	$7,500	$7,000	$500
ARBITRAGE	$450	$450	$450	$0
ANNUAL AUDIT	$4,050	$4,050	$3,050	$1,000
ASSESSMENT ADMINISTRATION	$5,000	$5,000	$5,000	$0
TRUSTEE FEES	$9,000	$9,000	$8,620	$380
MANAGEMENT FEES	$32,500	$32,500	$32,500	$0
INFORMATIONTEQ-INOLOGY	$2,400	$2,400	$3,475	($1,075)
TELEPHONE	$300	$300	$0	$300
POSTAGE	$1,000	$1,000	$137	$863
INSURANCE	$5,500	$5,500	$5,125	$375
PRINTING & BINDING	$1,000	$1,000	$217	$783
LEGAL ADVERTISING	$2,500	$2,500	$2,011	$489
OTHER CURRENT CHARGES	$1,000	$1,000	$3,400	($2,400)
OFFICE SUPPLIES	$625	$625	$23	$602
PROPERTY APPRAISER	$350	$350	$237	$113
DUES, LICENSE & SUBSCRIPTIONS	$175	$175	$175	$0

EJ!IJ1;.

FIELD5ERVICES	$15,000	$15,000	$15,000	$0
PROPERTY INSURANCE	$5,000	$5,000	$4,120	$880
ELECTRIC	$7,500	$7,500	$448	$7,052
STREETLIGHTING	$50,000	$50,000	$38,337	$11,663
WATER&SEWER	$75,000	$75,000	$24,343	$50,657
LANDSCAPE MAINTENANCE	$138,903	$138,903	$102,108	$36,795
LANDSCAPE CONTINGENCY	$15,000	$15,000	$1,960	$13,040
IRRIGATION REPAIRS	$10,000	$10,000	$5,402	$4,598
LAKE MAINTENANCE	$10,000	$10,000	$0	$10,000
CONTINGENCY	$15,000	$15,000	$0	$15,000
CAPITAL RESERVE	$29,165	$29,165	$0	$29,165

TOTAL EXPENDITURES	$480,918	$480,918	$320,673	$160,245

EXCESS REVENUES (EXPENDITURES)	 $0	$177,375	

FUND BAIANCE - Beginning	 $0	$28,071	

FUND BAIANCE - Ending	 $0	$205,446	

2

STONEVBROOK SOUTH AT CHAMPIONSGATE
COMMUNITY  DEVELOPMENT DISTRICT

SERIES 2017 DEBT SERVICE FUND
Statement of Revenues & Expenditures
For The Period Ending September 30, 2020

	ADOPTED
BUDGET	PRORATED BUDGET
THRU 9/30/20	ACTUAL
THRU 9/30/20	
VARIANCE	
REVENUES:						
ASSESSMENTS- TAX ROLL		$301,800	$301,800	$303,841	$2,041	
INTEREST		$0	$0	$338	$338	
TOTAL REVENUES		$301,800	$301,800	$304,179	$2,379	

EXPENDITURES:						
INTEREST-12/15		$107,363	$107,363	$107,363	$0	
PRINCIPAL-12/15		$85,000	$85,000	$85,000	$0	
INTEREST-6/15		$105,875	$105,875	$105,875	$0	
TOTAL EXPENDITURES		$298,238	$298,238	$298,238	$0	
						
EXCESS REVENUES (EXPENDITURES)		$3,563		$5,941		
						
FUND BALANCE- Beginning		$197,744		$350,803		
						
FUND BALANCE- Ending		$201,307		$356,745		

3

STONEYBROOK SOUTH AT CHAMPIONSGATE
COMMUNITY DEVELOPMENT DISTRICT

SERIES 2019 DEBT SERVICE FUND
Statement of Revenues & Expenditures
For The Period Ending September 30, 2020

		ADOPTED
BUDGET	PRORATED BUDGET
THRU 9/30/20	ACTUAL
THRU 9/30/20	
VARIANCE	
REVENUES:						
ASSESSMENTS-TAX ROLL		$636,628	$636,628	$640,759	$4,131	
ASSESSMENTS- DIRECT BILLED		$263,266	$263,266	$263,266	$0	
INTEREST		$100	$100	$634	$534	
TRANSFER IN		$0	$0	$1,817	$1,817	
TOTAL REVENUES		$899,994	$899,994	$906,476	$6,482	

EXPENDITURES:						

INTEREST - 12/15		$324,231	$324,231	$324,231	$0	
PRINCIPAL-6/15		$255,000	$255,000	$255,000	$0	
INTEREST - 6/15		$324,231	$324,231	$324,231	$0	
TOTAL EXPENDITURES		$903,463	$903,463	$903,463	$0	
EXCESS REVENUES (EXPENDITURES)		($3,469)		$3,014		
						
FUND BALANCE-Beginning		$324,431		$774,616		
						
FUND BALANCE· Ending		$320,963		$777,630		

4

STONEYBROOK SOUTH AT CHAMPIONSGATE
COMMUNITY DEVELOPMENT DISTRICT

SERIES 2017 CAPITAL PROJECTS FUND
Statement of Revenues & Expenditures
For The Period End in g September 30, 2020

	ADOPTED
BUDGET		PRORATED BUDGET
THRU 9/30/20		ACTUAL
THRU 9/30/20	
VARIANCE		
REVENUES:									

INTEREST			$0		$0	$0		$0	

TOTAL REVENUES			$0		so	$0		$0	

EXPENDITURES:									

CAPITAL OUTLAY-CONSTRUCTION			$0		$0	$0		$0	
TOTAL EXPENDITURES			$0		$0	$0		$0	
									
EXCESS REVENUES (EXPENDITURES)			$0			$0			
									
FUND BALANCE- Beginning			$0			$111			
									
FUND BALANCE- Ending			$0			$111			

5

STONEYBROOK SOUTH AT CHAMPIONSGATE
COMMUNITY DEVELOPMENT DISTRICT

SERIES 2019 CAPITAL PROJECTS FUND
Statement  of Revenues & Expenditures
For The Period Ending September 30, 2020

	ADOPTED
BUDGET	PRORATED BUDGET
THRU 9/30/20		ACTUAL
THRU 9/30/20	
VARIANCE	
REVENUES:						

INTEREST	$0		$0	$4,708	$4,708	
TOTAL REVENUES	$0		$0	$4,708	$4,708	

EXPENDITURES:						
CAPITAL OUTLAY - CONSTRUCTION	$0		$0	$5,790,026	{$5,790,026)	
TRANSFER OUT	$0		$0	$1,817	($1,817)	
TOTAL EXPENDITURES	$0		$0	$5,791,843	($5,791,843)	
						
EXCESS REVENUES (EXPENDITURES)	 	$0			($5,787,136)		
FUND BALANCE - Beginnilg	$0			$5,787,181		
						
FUND BALANCE - Ending	$0			$45		

6

STONEYBROOK SOUTH AT CHAMPIONSGATE

·

Community Development District
Oct	NOY	a.,	Jan	Feb	Ma,	Ma;	Jun	Jul	Se	Total

·

ASSESSMENTS· TAX ROLL		$0	$21,403	$351,304	$36,525	$:l!l,105	$5,814	$4,316	$5,184	$14,362	$0	$0	$0	$458,013 ASSESSMENTS· DIRECT BIU£D		$0	$12,895		$0		$6,448		$0		$0		$0	$6,448		$0	$0	$0	$0		$25,791 DEVELOPER CONTRIBUTIONS	$14,245		$0		so			$0		$0		$0 $0 $0 $0 $0 so $0 $14,245

S1,	:u1s	$34,299	Sl St,304	542,972	$19,105	S:5,SU	$.C. Jl	511,631	514,362	$0	$ '98	, 048 1	

TOTAL REVENUES	,.

EXPENQITUR§·

AQMIN1571lATIVf"
ENGINEERING	Sl.820		$0	$285			so		S380			$0	$11,364		$0	$3,445	$2,041		$238		$143	$19,715 ATTORNEY	Sl,129	$124	$S11	$4,143	$3,254	$2,966		$S,253	$1,607	$2 ,406	$6,792	SS,S78	$4,057	$37,818 DISSEMINATION		S583	$583	$583		$583		$S83		$583                              SS83                        $583                 $583                     S583                       SS83                     $583                       $7,000
AR8ITRAGE		$0	$0	$0	so	$0	$0	$0	$0	$4SO	$0	$0	$0		$450 ANNUAL AUDIT		$0	$0	so	$0	so	$0	$0	so        $3,050	$0	so	$0	$3,050 ASSESSMENT AOMINISTIIATlON	$5,000	$0	$0	$0	$0	so	$0                          $0                     $0                       $0                        $0                       $0                   SS,000
TRUSTEE FEES	so	$4,310	$0	$0	so	so	so	$4,310	so	so	$0	so	$8,620
MANAGEMENT FEES	$2,708	Sl.708	$2,708	S2,708	Sl,708	Sl,708	S2,708	$2,708	$2,708	S2,708	$2,708	S2,708	$32,500
INFORMATION TEOiNOLOGY	$100	SlOO	s100	SIOO	$100	$100	$100	S2,375	s100	SIOO	$100	$100	S3,475
TELEPt-KJNE	so	so	so	$0	$0	so	so	$0	$0	so	$0	so	$0
POSTAGE	S5	$17	$5	s10	$12	$12	$11	$6	SIB	S7	$34	S2	S137
INSURANCE	$5,125	$0	so	$0	$0	$0	so	so	so	$0	$0	$0	SS,125
PRINTING & BINDING	$32	$20	$12	$0	$21	$15	$27	$2	$23	$6	$39	s21	$217
lEGA.LADVERTtS G	$0	so	so	so	so	so		S376	$0	$0	$920	$0	$715	$2,011 OTHER OJRRENT CHARGES	$0	so	so	so	$0	$0	$3,400	so	$0		$0	so		$0	$3,400 OFFICE SUPPLIES	$0	$5	$5	$0	$0	so                    $1                      so            so              $0                      ss                      ss                      $23 PROPERTY APPRAISER                                                   so                 so                  $0                           $0                               $0                           $237                                 so                so            so              $0                         so              so                          $237 DUES, LICENSES & SUBSCRIPTIONS S175 so $0 so $0 so so so so $0 so so $175
fil1Jlj_
FIELD SERVICES	$1,250	$1,250	$1,250	St,250	$1,250	Sl,2SO	$1,250	$1,250	Sl,2SO	$1,250	$1,250	$1,250	$15,000
PROPERTY INSURANCE	$4,120	so	so	$0	$0	SD	$0	$0	so	so	$0	$0	$4,120
ELECTRIC		$69		$0		$40		$0		S37		$38		S35		$30		$33		$34		$34		$98		$448 STREE1\JGHTING	$1,996	s2,4n	$2,478	$BOO	S2,451	St,662	$1,667	$5,190	$3,090	S7,604	$4,461	$4,461	$38,337 WATER &SEWER	$2,266	$2,751		$55		$0	S2,423	$3,038                  $3,626                   $2,982              $2,476                  $1,745                   $1,695                  $1,287                   $24,343 LANDSCAPE  MAINTENANCE                                               $8,509                       $8,509                        $8,509                    $8,509                    $8,509                        $8,509                          $8,509                     $8,509              $8,509                 $8,509                   $8,509                 $8,509                 $102,108
lANDSCAPf CONTINGENCY	$0	so	$380	$0	$380	$0	$1,200	so	$0	$0	$0	so	$1,960
IRRIGATION REPAIRS	$2,044	$375	SS46	$655	$742	$0	$1,039	so	$0	so	$0	$0	$5,402
!AKE MAINTENANCE	$0	$0	$0	$0	$0	$0	so	$0	$0	$0	SD	$0	$0 CONTINGENCY	$0	so	$0	$0	$0	$0	$0	$0	$0	so	SD	$0	$0 CAl'fTAL RESERVE	$0	so	$0	so	$0	$0                               $0                          so            so              so                            so              so               so
TOTAL EXPENDrTURES		$36,.9:U	$23,230		$17,468	$18,758	$22,851		$21,118		$41. IQ		$29,554	$28,142	$32,299		$25,233		$23,939	$320,6731 EXCESS REVENUES lfXPfNDmJRES)	!Sll,68!(	$1!,069	$333,836	$24,214	($3,746)	!SlS.304!	($!U3lj	($17,292)          1su,1ao1      ($ 32,299!	1$25,233!	!$23,939!	Sln .!7s j

7

STONEYBROOK SOUTH AT CHAMPIONSGATE
COMMUNITY DEVELOPMENT DISTRICT
LONG TERM DEBT REPORT

SERIES 2017, SPECIAL ASSESSMENT BONDS	
INTEREST RATES:	3.500%,4.000%, 4.625%, 5.000%	
MATURITY DATE:	12/15/2047	
RESERVE FUND DEFINITION	50%OF MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$150,900	
RESERVE FUND BALANCE	$150,900	
BONDS OUTSTANDING - 10/ 30/17	
$4,710,000	
LESS: PRINCIPAL PAYMENT 12/15/18	($55,000)	
LESS: PRINCIPAL PAYMENT 12/15/19	($85,000)	
CURRENT BONDS OUTSTANDING	$4,570,000	

SERIES 2019, SPEOALASSESSMENT BONDS	
INTEREST RATES:	3.500%, 4.000%, 4.500%,4.625%	
MATURITY DATE:	12/15/2049	
RESERVE FUND DEFINITION	50%OF MAXIMUM ANNUALDEBTSERVICE	
RESERVE FUNO REQUIREMENT	$449,947	
RESERVE FUND BALANCE	$449,947	
BONDS OUTSTANDING - 4/29/19	
$14,735,000	
LESS: PRINCIPAL PAYMENT 6/15/20	($255,000)	
CURRENT BONDS OUTSTANDING	$14,480,000	

8

STONEYBROOK  SOUTH AT CHAMPIONSGATE

Funding	Prepared
Request	Date #	Payment
Received Date	Check Amount		Total
Funding Request	General
Fund Portion (19)	General
Fund Portion (20)	Due from capital	Overand (short)
Balance Due	

12	9/16/19	
9/27/19	
$	26,556.88		
$	26,556.88	
$	12,311.88	
$	14,245.00	
$	$		
13	10/25/19	1/4/19	$	11,414.04		$	11,414.04	$	11,414.04	$	$	$		
oue from Developer		$	37,970.92		$	37,970.92	$	23,725.92	$	14,245.00	$	$		
									
Total Developer Contributions FY20				$	14,245.00					

Community Development District Developer Contributions/Due from Developer

l

*FY19 Column does not reflect all funding requests prepared in FY19.

9

STONEYBROOK SOUTH AT CHAMPIONSGATE
COMMUNITY DEVELOPMENT DISTRICT

SPECAL ASSESSMENT RECEIPTS • FY2020

	TAX COUfCTOR		
	GROSS ASSESSMENTS $ 1,482,740	$	484,178	$ 321,198 $ 677,364		
	NET ASSESSMENTS $ 1,393,77S	$	455,127	$ 301,926 $ 636,722		
		GENERAL	2017	2019		
DATE		GROSS ASSESSMENTS	DISCOUNTS/	COMMISSIONS	INTEREST	NET AMOUNT	FUND	DEBT SERVICE DEBT SERVICE	TOTAL	
RECEIVED	D IST.	RECEIVED	PENALTIES	PAID	INCOME	RECEIVED	32.65%	2L66%	4S.68%	100.00%	
11/12/19	ACH	$	540.71	$	19.07	$	10.43   $	$	511.21	$	166.93	$	110.74    $	233.54	$	511.21	
11/ 22/19	ACH	$	69,126.46	$	2,765.09	$	1,327.23     $	$ 65,034.14	$ 21,236.43	$ 14,088.01 $ 29,709.70	$ 65,034 .14	
12/6 / 19	ACH	$	1,074 , 227.92	$	42 ,970.13	$     20,625.16    $	$ 1,010,632.63	$ 330,014.75	$ 218,928.12 $ 461,689 .76	$ 1,010 ,63 2.63	
12/9/19	AOi	$	2,148 .67    $	29.46    $	42.38    $	$	2,076 .83    $	678.17    $	449.89    $	948.76    $	2,076.83
12/23/19	ACH	$	66,932.68    $	2,526. 08    $	1,288.14    $	$      63,118.46    $      20,610.87     $   13 ,673.03     $   28,834.56     $     63,118 .46

s

1/10/19	ACH	$	115 ,326.45   $	3,459.97   $	2,237.34   $	$    109,629.14    $      35,798.60    $    23,748.39    $    50,082.15    $ 109,629.14
1/13/20	ACH	$	1,976.66    $	55.82   $	38.41   $	$	1,882.43	614.69    $	407.78    $	859.96    $	1,882.43
1/21/20	ACH	$	$	$	$	341.43    $	341.43    $	111.49    $	73.96    $	1S5.98    $	341.43
2/12/20	ACH	$	60,919 .SS   $	1,218.35    s	1 ,194.01     $	$      58,507.19    $      19,1 05.10      $   12,674.11     $    26,727.98     $   58,507.19
3/9/20	ACH	$	18 , 378.57   $	211.95   $	363.34   $	$     17,803.28    $	5,813.53    $     3,856.63    $     8,133.12     $   17,803.28
4/13/20	ACH	$	13,540.10    $	107.02   $	268.66   $	s  13 ,1 64.42   $	4,298.75     $      2,851.74     $      6,013.93    $   13,164.42
4/20/20	ACH	$	$	$	$	53.92    $	53.92    $	17.61   s	11.68    $	24.63   $	53.92
5/12/20	ACH	$	15 , 267.94   $	$	305.36    s	$     14 , 96 2.58   $	4,885.92     $     3,241.27     $      6,835.39     $    14,962.58
5/12/20	ACH	$	930.43    $	$	18.61    $	s	911 .82   $	297.75   s	197.52    $	416.55    $	911.82
6/9/20	ACH	$	6,144.19    $	$	122.88    $	$	6,021.31     $	1,966  . 22    $     1 ,304 .37     $ 2,750.73    $	6,021 .31
6/16/20	ACH	$	38,735 .84   $	$	774 .72   $	$     37,961.12    $     12,395.93    $     8,223.32    $   17,341.87     $   37,961.12

s

$	$	$	$	$	$	$	$	$
$	$	$	$	$	$	$	$
 	TOTALS		1,4 94,196.17	5, 3 3 62 94    $    2,  8 6]6 ,67    $	39535     $ 1.402.611.91	458,012.7] $ 303840.57 $ 640 ,758.61 $1,402 611.91

DIRECT BILLED ASSESSMENTS

LEN-CG SOUTH, LLC	$289,056.64	$2S,790.6D	$263,266.04

DATE RECEIVED	DUE
DATE	OIEO<
ND.	NET
ASSESSED	AMOUNT
RECEIVED	GENERAL
FUND	SERIES
2019	
11/1 2/19
1/31/20	11/1/19
2/1/20	1329282
1372448	$     144,528.32
$	72,264.16	s  1 44,528.32
$     72,264.16	s  12,895.30
$	6,447.65	$ 131,633.02
$   65,816.51	
5/8/20	5/1/20	1424143	$	72,264.16	$ 72,264.16	$	6,447.65	$ 65,816.51	
			$ 289,056.64	$ 289,056.64	$ 25,790.60	$ 263 266.04	

10

Stoneybrook South at ChampionsGate
Community Development District

Special Assessment Bonds, Series 2019

Date	Requisition #
Fiscal Year 2019

Contractor	Description	Requisitions

7/12/19	1
8/12/19	2

Lennar Corporation
Hamilton Engineering & Surveying, Inc.

Reimbursement#l Whistling Straits Blvd Preparation of reimbursement #1

$ 7,829,239.42
$	12,391.25

	TOTAL		$ 7,841,630.67	

Fiscal Year 2019				
5/1/19	Interest		$	190.97	
6/3/19	Interest		$	2,960.03	
7/1/19	Interest		$	2,865.20	
8/1/19	Interest		$	1,395.41	
9/1/19	Interest		$	643.32	
	TOTAL		$	8,054.93	
		
Acquisition/Construction Fund at 4/29/19	
$11,617,138.82	
		Interest Earned thru 9/30/19	$	8,054.93	
		Requisitions Paid thru 9/30/19	$ (7,841,630.67)	
		Remalnlng Acquisition/Construction Fund	$ 3,783,563.08	

Date	Re quisition  #	Contractor	Descri ption	Re quisitions	
Fiscal Year 2020			
2/28/20	3	Greenberg Traurig, P.A.	Inv# 5123588 - Post-Closing Costs	$	289.26	
4/2/20	5	Lennar Homes, LLC	leimb #2 Baxter Parcel Site Work, Toho Prop. Reserve Fee,	$ 2,008,738.67	
5/18/20	6	Hamilton Engineering & Surveying, Inc.	Invoice #60896 - Preparation of Lennar Reimb #3	$	4,860.00	
5/14/20	7	Lennar Homes, LLC	Reimb #3 Toho System Development Charges	$ 3,776,138.00	
	TOTAL	$ 5,790,025.93	

Fiscal Year 2020			
10/1/19	Interest	$	559.75	
11/1/19	Interest	$	482.08	
12/1/19	Interest	$	466.59	
1/2/20	Interest	$	482.20	
1/17/20	Transfer In	Baxter Tract Escrow Account	$ 2,002,853.78	
1/21/20	Transfer In	Baxter Tract Escrow Account	$	131.33	
2/3/20	Interest	$	604.08	
3/2/20	Interest	$	608.96	
4/1/20	Interest	$	274.44	
5/1/20	Interest	$	31.54	
6/1/20	Interest	$	13.44	
7/1/20	Interest	$	
8/1/20	Interest	$	
9/1/20	Interest	$	
	TOTAL	$ 2,006,508.19	
	
Acquisition/Construction Fund at 9/30/19	
$ 3,783,563.08	
	lntere st Eame d thru 9/30/20	$ 2,006,508.19	
	Requisitions Paid thru 9/30/20	$ (5,790,025.93)	
	Remaining Acquisition/Construction Fund	$	45.34	

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