Stoneybrook South at ChampionsGate Community Development District

Agenda April 2, 2018

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Stoneybrook South at ChampionsGate
Community Development District
135 W. Central Blvd., Suite 320, Orlando, Florida 32801
Phone: 407-841-5524- Fax: 407-839-1526

March 26, 2018

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, April 2, 2018 at 11:30 a.m. at the Oasis Club at ChampionsGate, 1520 Oasis Club Blvd., ChampionsGate, Florida. Following is the advance agenda for the regular meeting:
Roll Call
Public Comment Period
Organizational Matters
Appointment of Individual to Fulfill the Board Vacancy with a Term Ending November 2018
Administration of Oath of Office to Newly Appointed Board Member
C. Consideration of Resolution 2018-07 Electing Assistant Secretary
Approval of Minutes of the March 5, 2018 Meeting
Ratification of Series 2017 Requisition #1
Consideration of Resolution 2018-06 Authorizing a Petition to be Filed to Expand the District Boundaries
Staff Reports
Attorney
Engineer
District Manager's Report
Balance Sheet and Income Statement
Consideration of Funding Request #6
Supervisor's Requests
Adjournment
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 Organizational Matters. Section A is the appointed of an individual to fulfill the Board vacancy with a term ending November 2018. A copy of the resignation letter is enclosed for your review. Section B is the administration of the Oath of Office to the newly appointed Board Member and Section C is the consideration of Resolution 2018-07 electing an assistant secretary. A copy of the Resolution is enclosed for your review.

The fourth order of business is the approval of the minutes of the March 5, 2018 meeting. The minutes are enclosed for your review.

The fifth order of business is the ratification of Series 2017 requisition #1. A copy of the requisition and supporting documentation is enclosed for your review.

The sixth order of business is the consideration of Resolution 2018-06 authorizing a petition to be filed with Osceola County to expand the boundaries of the District. A copy of the Resolution is enclosed for your review.

The seventh order of business is Staff Reports. Section 1 of the District Manager's Report includes the balance sheet and income statement for review and Section 2 is the consideration of Funding Request #5. A copy of the funding request with supporting documentation is enclosed for your review.

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

Sincerely,

George S. Flint District Manager

Cc:		Jan Carpenter, District Counsel David Reid, District Engineer Steve Sanford, Bond Counsel Jon Kessler, Underwriter Stacey Johnson, Trustee

Enclosures

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RESOLUTION 2018-07

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A RESOLUTION OF THE STONEYBROOK SOUTH AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT ELECTING
AS ASSISTANT SECRETARY OF THE BOARD OF SUPERVISORS

WHEREAS,	the	Board	of	Supervisors	of	the	Stoneybrook	South	at

ChampionsGate Community District desires to elect an Assistant Secretary.

_ as

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

1.	 	

 	is elected as an Assistant Secretary of the Board of Supervisors.

Adopted this 2nd day of April, 2018.

Secretary/Assistant Secretary	Chairman/Vice Chairman

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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, March 5, 2018 at 11 :30 a.m. at the Oasis Club, 1520 Oasis Club Blvd., Championsgate, Florida 33896.

Present and constituting a quorum were:
Adam Morgan Greg Ray Mark Revell
Also present were:
George Flint Andrew d'Adesky David Reid
Brian Smith Michelle Barr Rob Bonin

FIRST ORDER OF BUSINESS

Mr. Flint called the meeting to order. Mr. Flint called the roll.

SECOND ORDER OF BUSINESS

Vice Chairman Assistant Secretary Assistant Secretary

District Manager District Counsel District Engineer Field Manager Lennar Homes Lennar Homes

Roll Call

Public Comment Period

Mr. Flint: It appears to be just Board members and staff so we can move on to the next
item.

THIRD ORDER OF BUSINESS	Organizational Matters
Appointment of Individual to Fulfill the Board Vacancy with a Term Ending November 2018

March 5, 2018	Stoneybrook South at ChampionsGate CDD

Mr. Flint: You have two vacancies. After the agenda went out, we received a resignation from Mr. Johnston. I would ask for a motion to accept his resignation.

On MOTION by Mr. Ray, seconded by Mr. Morgan, with all in favor, Mr. Johnston's resignation from the Board was accepted.

Mr. Flint: You had an existing vacancy and now you have Mr. Johnston's vacancy, are there any nominations at this time for those seats? Hearing none, we will carry that item over to the next agenda. Mr. Johnston was the Chairman and I believe Mr. Morgan is the Vice Chairman. Mr. Morgan, you can act in the absence of the Chairman and sign anything that he could sign. If you want to consider an election of officers we could designate one of the three remaining Board members as Chairman.
Mr. Morgan: We can leave it as is right now?
Mr. Flint: Yes, if you wanted to wait until you've filled the other two positions and then elect officers all at one time you could do that.
Mr. Ray: Let's just wait.
Mr. Morgan: Yes, let's defer it.

FOURTH ORDER OF BUSINESS	Approval of Minutes of the November 6, 2017
Meeting
Mr. Flint: Does the Board have any additions, deletions, or corrections to those minutes? Mr. Morgan: There were none that I saw.

On MOTION by Mr. Morgan, seconded by Mr. Ray, with all in favor, the Minutes of the November 6, 2017 Meeting were approved.

FIFTH ORDER OF BUSINESS	Ratification of Agreement with McDirmit
Davis to Provide Auditing Services for the Fiscal Year 2017

Mr. Flint: You selected McDirmit Davis to perform the annual independent audit that is required because the District is a governmental entity. To get the audit moving in order to meet the statutory time frames for its completion, we executed the agreement and I am asking for the Board to ratify my execution.

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March 5, 2018	Stoneybrook South at ChampionsGate CDD

On MOTION by Mr. Morgan, seconded by Mr. Ray, with all in favor, the Agreement with McDirmit Davis to Provide Auditing Services for the Fiscal Year 2017 was ratified.
SIXTH ORDER OF BUSINESS	Discussion of Wetland Maintenance Plan and
Budget Changes
Mr. Flint: Adam I think you wanted this item added?
Mr. Morgan: Yes, Dave and I have been discussing with the District about new and slightly altered maintenance at the existing wetlands in the District that we were not anticipating because we are in the final year of our inspections as required by the District. We have been discussing over the last several months about how we can mitigate this the best way for the District. We've come up with an action plan, which Bill has developed. I was expecting him to be here. Do you have the plan? I never got the final copy.
Mr. Reid: Neither did I.
Mr. Morgan: I received a summary. So, the issue here was that the District did want us to do a major modification on the permit to bring the wetlands back into 2006 conditions which was a completely unreasonable request. They have agreed to do a minor modification to the existing permit as long as we submit to the South Florida Water Management District a plan ofaction on how we are going to prevent continued growth and reduce the existing exotic growth in the wetlands in the District's boundaries. We asked our consultant Bill to come up with an action plan, which he has. The District needs to have it submitted as soon as possible to prevent any further issues with the permit. It's the request of the Board to approve submitting this plan of action to the South Florida Water Management District.
Mr. d'Adesky: It sounds like the official actions ofthe Board are to approve the transmittal of the letter and approve engagement of any consultants that are necessary to complete that action.
Mr. Morgan: Correct, thank you Andrew.

On MOTION by Mr. Morgan, seconded by Mr. Ray, with all in favor, the Wetland Maintenance Plan and Budget Changes were approved.

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March 5, 2018	Stoneybrook South at ChampionsGate COD

On MOTION by Mr. Morgan, seconded by Mr. Ray, with all in favor, the Authorization of the Vice Chairman to enter into any addendum or amendment to the funding agreement as necessary to provide funding for the mitigation efforts was approved.

SEVENTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. d'Adesky: We will monitor any requisitions that come through regarding the Bond issuance. That's all I have.

District Engineer
Mr. Reid: I have nothing new for the Board.

District Manager's Report
Balance Sheet and Income Statement
Mr. Flint: We have the unaudited financial statements through January 31st. We are operating under a developer funding agreement so we have $11,000 in cash in the bank. We have accounts payable of $17,000 but there are some developer funding requests that are outstanding. The detail register is behind the summary. Are there any questions?

Ratification of Funding Requests #2 - #5
Mr. Flint: Are there any questions on the funding requests?
Mr. Morgan: I looked through them and didn't see anything out of the normal, it looks good to me.

On MOTION by Mr. Ray, seconded by Mr. Morgan, with all in favor, Funding Requests #2 - #5 were ratified.

SIXTH ORDER OF BUSINESS	Supervisor's Request

Mr. Flint: Was there anything that was not on the agenda that the Board would like to discuss?

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March 5, 2018	Stoneybrook South at ChampionsGate CDD

SEVENTH ORDER OF BUSINESS	Adjournment
Mr. Flint asked for a motion to adjourn the meeting at 11:42.

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

Secretary/Assistant Secretary	Chairman/Vice Chairman

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STONEYBROOK SOUTH AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT BONDS, SERIES 2017 (PARCEL K ASSESSMENT AREA)

(Acquisition and Construction)

The undersigned, a Responsible Officer of the Stoneybrook South at ChampionsGate Community Development District (the "District") hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture between the District and U.S. Bank National Association, as trustee (the "Trustee"), dated as of October 1, 2017, as supplemented by that certain First Supplemental Trust Indenture dated as of October 1, 2017 (collectively, the "Indenture") (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture):
Requisition Number: 1
Identify Acquisition Agreement, if applicable;
Name of Payee pursuant to Acquisition Agreement: Lennar Corporation
Amount Payable: $1,340,975.31
Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments):
Reimbursement	#1	includes	costs	associated	with	portions	of the development located within Parcel K Assessment Area (Tract K).
Fund or Account and subaccount, if any, from which disbursement to be made:
Series 2017 Acquisition and Construction Account of the Acquisition and Construction Fund.
The undersigned hereby certifies that:
obligations in the stated amount set forth above have been incurred by the District,
each disbursement set forth above is a proper charge against the Series 2017 Acquisition and Construction Account;
each disbursement set forth above was incurred in connection with the Cost of the 2017 Project; and
each disbursement represents a Cost of 2017 Project which has not previously been paid.

payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.

Originals of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested are on file with the District.
STONEYBROOK SOUTH AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT

By:
R�ponsible Officer
Date:  	Ii__,� ,_1-_� _11

CONSULTING  ENGINEER'S  APPROVAL

The undersigned Consulting Engineer hereby certifies that this disbursement is for the Cost of the 2017 Project and is consistent with: (i) the Acquisition Agreement; and (ii) the report of the ConsU.lting Engineer, as such report shall have been amended or modified.

WPB 3840959O4v1/168822.010100

2

Tract K Phases 1-3	$	1,789,799.35	$	378,212.28	
Consultant Fees	$	185,096.80	$	138,466.80	
Agency Fees	$	361,687.89	1 $	361,687.89	

Project Name

Stoneybrook South at ChampionsGate Tract K CDD Reimbursement #1
October 2017

Submitted Project Costs	Approved Reimbursement Amounts

Tract K Mass Grade

-	$	-

4,641,107.34	--

$	462,608.34

Total Submitted	 $ 

KPM Franklin

6,977,691.38	Total Approved	$	1,340,975.31

Oct ober 23,2017

Vendor Summary
-	Vendor	Contract #	TotAalmCoounntrtact

Pay App	Amount

SRBeSimatbCuhrsaemmpeiontns#G1aStuemTrmacatryK

October 2017

Payments - April 2017 - Aug2017 Invoice #	Check# Check Date

Notes

Approved Reimbursements
r Approved Amount	Notes

 		#2	$	188,983.76

Swell Construction	31070411	$   1,059,618.85	#1	$	81,385.49
#3A	s	156,901.52

#4

#3B	s	101,454.20

$	681,316.37

---	Sub Total:	s 1,059,618.85	s	152,591.40

51670-74
53060, 53294-97
54967, 54973-76
55556, 55558
58115-19, 5812122

773838	7/20/17
777300	7/21/17
787848	7/22/17
791845	7/23/17
808922	7/24/17

Mass Grade Mass Grade Mass Grade Mass Grade
Mass Grade Mass Grade

81,385.49	-

$	-

$

158,650.06
$	160,196.67	#3A + 3B

---

s$	62,376.12
Sub-Total	$	462,608.34	Mass Grade	-

Swell Construction	31728444 $ 2,102,004.50

s	46,958.04 -

787848	8/17/17

-

 	Phase 1	

$	45,958.04

54977

	$ 2,102,004.50		s	396,756.16	
					
29731979	$	282,135.00	

-	$
s	185,096.80	

-- Sub Total:

s	349,798.12

57577-79, 57581-
83

805398	9/27/17

Phase 1
Phase 1

$	331,254.24
Sub-Total	$	378,212.28	Phase 1

-Consultant Fees KPM Franklin Eng.

59003, 59004

808887	9/28/2017

latest invoice indicates all previous payments

$

made

$	138,466.80

- -

-

removed platting ,   lot
staking

 	Sub Total:	$	282,135.00

Agency Fees

-

-

$	185,096.80
-

Sub-Tota l	s
- -	I
Fees

-

138,466.80
--

$

Toho Water	102,879.00
Toho Water	s	146,970.00
Osceola County	$	25,291.40

861667	5/18/17
861666	5/18/17
834779	3/2/17

Water Res . Fees
Sewer Res. Fees lnsp. Fees Mass Grade

$	102,879.00

$	146,970.00

$	25,291.40

Osceola County

-	$	86,547.49

872942	6/22/17 lnsp Fees Ph 1-3

Total Fees $	86,547.49

f---

Sub Total:	s	361,687.89

Total Submitted:	$   3,443,758.35	$ 1,624,857.22

$ 361,687.89 ,	
-
-

,_ Total Approved $	1,340,975.31
--

KPM Franklin

October 24, 2017

Reimbursement Detail Swell Construction

M#3a1s0s7G0r4a1d1e

SBSCoTnrtarcatcKt SMuamssmGarrayde

Oct 2017

Approved	 		 	

Not Included

Complete to -

Contract #

Total Contract	Amount	Pay App #1 	Pay App #2	 Pay App #3	

Pay App #4	Pay App #5

Pay App #4	Balance

Pay Item Description
SExucrvaevyation

5/20/17

$	$	5,642.40 $

L 31,316.76	31,316.76	1,490.40
$	448,885.53  $	233,810.71 $	$

6/20/17	7/20/17  -

$	81,055.91

3,992.76	1,391.04
147,112.40 $

8/20/17	9/20/17

$

$	5,961.60	8,445.60
$	-

8/20/17

$	$

12,835.80	18,480.96
$	233,810.71  $	-

Clearing & Grubbing

$	67,408.25  $	33,704.13  $ 	20,222.48 $

13,481.65 $ 

--	$	-

1,050.00

$	33,704.13    $	--

Grading
Erosion Control

$	47,684.40  $	47,684.40  $	-	$
$	185,343.04  $	138,903.04  $	31,398..04  $

-	$	3,022.67
2,691-.04 $

$	4,833.00 $ 11,888.05
,_$	210.00 $

$	7,855.67    $	39,8�
$	34,299.08  $	104,603.96

Drainage

$	94,057.87  $	94,057.87  $	- $ 

$	46,755.38

$	$

-

$	36,804.55

$	83,559-.93  $	10,497-.94

Retaining Wall

$	144,248.00 $	-	$

-	$	9,000-.00	-

$	40,675.00  $	.

$

Change Order 1
Change Order 2

40,675.00	40,675.00
$	255,700.09  $	134,073.06 $

31,675.00 $

$

$

$

$	45,771.30 $

21,497.65 $ 33,146.20

$	67,268.95 $

66804.11

--Sub-Total

$ 1,315,318.94 $	754,224.97  $	90,428.32  $	176,277.85  $	177,996.30 $	69,306.80 $ 54,529.85 $

--	$	514,009.27   $	240,215.70

10% Retainage

$	-	$	(9,042.83) $	(17,627.78) $	(17,799.63) $	(6,930.68) $ (5,452.99) $

-	$	(51,400.93)  $	51,400.93

Total

Phase

$   1,315,318.94   $	1s4,224_91 I s	s1,3ss.49 I s	158,650.06   $    160,196.67  $	62,376.12 $ 49,076.87 $

$	462,608.34 $	291,616.63

notes

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Tract K Earthwork

Tract K Phase 1

Construction
OC Inspection Fee
CLaonndsstcruacptei/oHna rdscape Toho SDC Fees	Water
Sewer
Sewer Connection

Toho Inspection Fees

Lift Station Telemetry

OC Inspection Fees

814,320.85

$

$	25,291.40
$  3,074,796.22

$	102,879.00

$

$  333,000.00

$

146,970.00

$

26,625.00
8,700.00

$

$	13101,,863082..89

Res Fees Only Res Fees Only
Fees
$	386,979.29

Mass Grade
$	462,608.34 $

Ph 1	Total
378,212.28 $ 1,227,799.91

under construction

under construction 213 SF units

Soft costs

Tract K Sub-Total

$	200,000.00
$ 4,875,024.23

KPMFranklin	October 24, 2017

Reimbursement Detail	Phase 1	-	l	I

SBS Tract K Phase 1 Contract Summary Detail October 2017
I

Swell Construction
,- Contract #

#31728444	Approved
Tota l Contract	Amount	Pay App #1

- Pay App #2	Pay App #3

Complete to 1

--

Pay App #2	Balance

Not Included

-

�

Pay Item Description	 		7/20/17	8/20/17	9/20/17

$	$	 $	-

$	$

$

Survey/Layout	$	24,824.00  $	24,824.00  $	$	9,001.60  $	4,926.40  $	9,001.60  $	1S,822.40

Grading	18,403.24	1,376.6S	-
Erosion Control	$	2S,767.48  $	15,776.S1  $	$

-
650.00   $	1,160.00

-	1,376.6S
$	660.00   $	15,116.S1

Sanitary Sewer	$    539,614.7S   $   539,614.75  $	52,175-.60   $	96,872.88   $	63,405.32   $   149,048.48   $	390,566.27
Water Distribution	$    192,081.81   $   192,081.81  $	-	$	17,719.64  $	66,103.52  $	17,719.64  $	174,362.17
Drainage	$    655,847.98   $  655,847.98   $	-	$	243,806-.15    $   208,157.06   $  243,806-.1S   $	412,041.83

Paving	$ 49S,630.39 $ 17S,033.6S $

$	$ 39,455.83 $

$	175,033.65

Reuse	$    149,83S.24   $ 	9,822.76   $	-	$	-

$$	$	9,822.76

Su b-Total	$  2,102,004-.89   $ 1,614,378.11  $	S2,175.60  $	368,060.27 $ 383,208.13

$ 420,235.87 $ 1, 194,142.24

10% Retainage	$

$	(5,217.56·-)1-$

(36,806.03)  $    (38,320.81)  $  (42,023.59) $	42,023.59

Total	$ 2,102,004.89 $ 1,614,378.11 $	46,958.04 $

KPMFranklin

331,254.24 $ 344,887.32 $ 378,212.28 $ 1,236,165.83

October 23, 2017

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RESOLUTION 2018 - 06

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE STONEYBROOK SOUTH AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING A PETITION BE FILED WITH THE BOARD OF COUNTY COMMISSIONERS OF OSCEOLA COUNTY PURSUANT TO SECTION 190.046, FLORIDA STATUTES, TO EXPAND THE BOUNDARIES OF THE STONEYBROOK SOUTH AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT; REQUESTING THAT THE BOARD OF COUNTY COMMISSIONERS OF OSCEOLA COUNTY ADOPT AN ORDINANCE AMENDING THE DISTRICT BOUNDARIES OF THE STONEYBROOK SOUTH AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT; DIRECTING DISTRICT STAFF TO TAKE APPROPRIATE ACTION TO FILE THE PETITION AND DO ALL THINGS NECESSARY TO EXPAND THE BOUNDARIES OF THE STONEYBROOK SOUTH AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE.

RECITALS:
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 of the Uniform Community Development District Act of 1980, Chapter 1 90, Florida Statutes, as amended (the "Act"), and was created by Ordinance Number 201 6-70 of the County Commission of Osceola County, Florida (the "County"), effective on August 15, 2016; and
WHEREAS, the District is located wholly within the boundaries of Osceola County, Florida; and
WHEREAS, the sole developer and majority landholder within the District is Lennar Homes, LLC, a Florida limited liability company, and it's affiliated entities (the "Developer"); and

WHEREAS, the Developer is the option holder and future fee simple property owner of certain real property generally described/depicted in Exhibit "A" attached hereto (the "Expansion Property"), which property is situated adjacent to the existing District boundaries; and
WHEREAS, the Developer has requested, via written communication to the District, that the Expansion Property be included within the boundaries of the District; and
WHEREAS, subject to the conditions contained herein, the District's Board of Supervisors finds it to be in the best interest of the District that its boundaries be expanded pursuant to § 190.046, Florida Statutes (the "Statute") in order to include the Expansion Property; and

Resolution 2018 - 06 Authorizing Petition to Expand Stoneybrook South at Championsgate CDD

WHEREAS, the District desires to authorize and direct the District Manager and District Counsel, inter alia, to prepare the necessary Petition to expand the boundaries of the District (the "Petition") to the County in order to comply with the applicable provisions of Chapter 1 90, Florida Statutes, for the effective expansion of the boundaries of the District as contemplated herein; and

WHEREAS, the District's Board of Supervisors desires that the County adopt a non­ emergency ordinance to provide for the expansion of the boundaries ofthe District in accordance with the Statute and as contemplated herein.

NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE STONEYBROOK SOUTH AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT:
SECTION 1. INCORPORATION OF RECITALS. All of the representations, findings, and determinations contained within the above Recitals of this Resolution are recognized as true and accurate, and are expressly incorporated into this Resolution.

SECTION 2. AUTHORIZATION FOR PETITION. Subject to the District's receipt of a written acknowledgement or letter agreement from Developer committing Developer to pay for any and all reasonable fees and costs incurred by the District in association with the boundary expansion contemplated herein (regardless of whether it is successful), the District hereby authorizes the Petition be filed with the County pursuant to Section 190.046, Florida Statutes, to expand the boundaries of the Stoneybrook South at Championsgate Community Development District to include the Expansion Property as depicted/described in Exhibit "A" attached hereto.

SECTION 3. REQUEST FOR ACTION. The District hereby requests, and such request shall be repeated in the Petition, that the County adopt a non-emergency ordinance in accordance with Chapter 190, Florida Statutes, providing for the expansion of the boundaries of the Stoneybrook South at Championsgate Community Development District in the manner and to the extent reflected in Exhibit "A" attached hereto.

SECTION 4. DIRECTION TO DISTRICT STAFF. The District Manager, District Counsel, District Engineer, and any other District staff deemed necessary, are l;lereby authorized and directed by the Board to: (i) prepare and file the Petition in a timely manner, (ii) work with all necessary parties to transmit this Resolution to the County along with the Petition to expand the boundaries of the Stoneybrook South at Championsgate Community Development District as contemplated herein, and (iii) take all appropriate actions and make all necessary filings to effectuate the expansion of the boundaries of the District consistent with the terms of this Resolution and applicable law.

SECTION 5. RATIFICATION OF PAST ACTIONS. The District hereby ratifies all past actions taken by the District Manager, District Counsel, District Engineer and any other District staff as reasonable or necessary to the preparation of this Resolution, the Petition, or any other associated documentation, including, but not limited to exhibits, memoranda, letters, emails and other communications.

Resolution 20 18 - 06 Authorizing Petition to Expand Stoneybrook South at Championsgate CDD

SECTION 5. SEVERABILITY. Should any court of competent jurisdiction find or hold any one or more provisions of this Resolution to be invalid or unenforceable, then such provision or provisions, as the case may be, shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

SECTION 6. EFFECTIVE DATE. This Resolution shall take effect immediately upon the passage and adoption of this Resolution by the Board of Supervisors of the Stoneybrook South at Championsgate Community Development District.
[Signature page to follow]

Resolution 2018 - 06 Authorizing Petition to Expand Stoneybrook South at Championsgate CDD

SIGNATURE PAGE TO RESOLUTION 2018 -

PASSED AND ADOPTED this 2nd day of April 2018. 

ATTEST:

x  	
Secretary/Asst. Secretary

Resolution 2018 - 06 Authorizing Petition to Expand Stoneybrook South at Championsgate CDD

BOARD OF SUPERVISORS OF
THE	STONEYBROOK	SOUTH	AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT

By: ------------
Chairman/Vice-Chairman

EXHIBIT "A" EXPANSION PROPERTY

Resolution 20 18 - 06 Authorizing Petition to Expand Stoneybrook South at Championsgate CDD

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•	•	•	•	•	•	•	•	•	•	•	•

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••	••

Stoneybrook South at ChampionsGate
Community Development District

Unaudited Financial Reporting Februa ry 28, 2018

•	•	•	•

•	•	•	•	•	•	•

•	•	•	•

Table of Contents

 	Balance Sheet

 	General Fund Income Statement

 	Debt Service Fund I ncome Statement

 	Ca pital Projects I ncome Statement

 	Month to Month

 	Long Term Debt Summary

 	Developer Contribution Schedule

 	Series 2017 Construction Schedule

STONEYBROOK SOUTH AT CHAMPIONSGATE
COMMUNITY DEVELOPMENT DISTRICT BALANCE SHEET
February 28, 2018

General		Debt Service Fund	 		Fund	

Capital Projects
 	Fund	

 	Totals	

ASSETS:
CAS H INVESTMENTS SERIES 2017
RESERVE REVENUE 
CONSTRUCTION COST OF ISSUANCE
DUE FROM DEVELOPER

$14,121

$4,455

$150,900
$78

$2,983,041
$601

$14,121

$150,900
$78
$2,983,041
$601
$4,455

TOTAL ASSETS	 	$18,576 	$150,978	$2,983,642	 	$3,153,195 	
LIABILITIES:
ACCOUNTS PAYABLE	
$8,190			
$8,190	
FUND EQUITY:
FUND BALANCES:
RESTRICTED FOR DEBT SERVICE		

$150,978		

$150,978	
RESTRICTED FOR CAPITAL PROJECTS			$2,983,642	$2,983,642	
UNASSIGNED	$10,386			$10,386	
TOTAL LIABILITIES & FUND EQUITY	$18,576	$150,978	$2,983,642	$3,153,195	

STONEYBROOK SOUTH AT CHAMPIONSGATE
COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND
Statement of Revenues & Expenditures ForThe Period Ending February 28, 2018

REVENUES:		
DEVELOPER CONTRIBUTIONS	$87,365	S36,402	$24,858	($11,544)	
TOTAL REVENUES	$87,365	$36,402	S24,858	($11,544)	
EXPENDITURES:
ADMINISTRATIVE:					
AENTGTOINRENEERYING
TI NEFLOEPRHMOANTEION TECHNOLOGY	S$2152,000
$3$2,,500	$$105,,040170
$13,54$02	S$42,,210	$62,,270670
$13,54$02	$0
$250	$0	
IPNOSSUTRAAGNECE LPERGINATLINAGDV&ERBTINISDIINNGG
OTHERCURRENT CHARGES	$51$,06050	$5$,466157	$5,50$	$312952
$51,,000	$2$,408137	$301	$ $31865
1,000	$0	2,083	

ABDUODPGTEETD	PRTHRARUTE2D/2B8U/D1GO	ET

THRAUCT2U/2A8L/18

VARIANCE

AMNANNUAAGLEAMUEDNI T FEES

DOUFEFSIC, ELISCUEPNPSLEIE&SSUBSCRIPTIONS

$3600

$ $61725

$215205

260

$417
$175

$24

$175

$259

$417

so

TOTAL EXPENDITURES
EXCESS REVENUES {EXPENDITURES)
FUND BALANCE - Beginning FUND BALANCE - Ending

S87,365	$38,767
$0
so
$0

2

 	$25,973	$12,794
($1,115)
$11,501
Sl0,386

STONEYBROOK SOUTH AT CHAMPIONSGATE
COMMUN ITY DEVELOPMENT DISTRICT
DEBT SERVICE FUND
Statement of Revenues & Expenditures
For The Period Ending February 28, 2018

REVENUES:
IBNOTNEDREPSRTOCEEDS
TOTAL REVENUES EXPENDITURES:
Series 2017

I NTEREST - 5/1

IPNRTI NECREI PSATL--1111//11
TOTALEXPENDITURES
EXCESS REVENUES (EXPENDITURES)
FUND BALANCE · Beginning FUND BALANCE - E nding

ABDUODPGTEETD

$

$

0
0
$0

$0
$0
so
$0
$0
$0

PRTOHRARUTE2D/2B8U/D18GET

$0
$0

$0
so
$0

THRAUCT2U/2A8L/18
$ 150,900
$78
$ 150,978

$0
$0
$0
$150,978
so
$ 150,978

VARIANCE

$150,900

$150,978

$78

$0
$0
$0

3

STONEYBROOK SOUTH AT CHAMPIONSGATE
COMMUNITY DEVELOPMENT DISTRICT

cAPITAL PROJECTS FUND
Statement of Revenues & Expenditures For The Period Ending February 28, 2018

REVENUES: BINOTNEDREPSRTOCEEDS TOTAL REVENUES
SEeXrPieEsN2D0IT17URES:
CACAPPIITALL OUTLAAYY ·· CONSTSTORFUICSTSIUOANNCE

ABDUODPGTEETD

$0	$0	$4,5591,513070	$4,55S9l,15030
7	
$0	$0	$4,560,637	S4,560,637	

$0

PROTHRARUTE2D/2B8U/D1G8ET

so

THRAUCT2U/2A8L/18

$

$

Sl,324306,,092705

VARIANCE

$

(S(l,324306,,907205)

TOTALEXPENDITURES	$0	$0	$1,576,995	($1,576,995)	
EXCESS REVENUES {EXPENDITURES)	$0		$2,983,642		
FUND BALANCE · Beginning	$0		$0		
FUND BALANCE · Ending	$0		$2,983,642		

4

'""

STONEVBROOK SOUTH AT CHAMPIONSGATE

�

Community Development District
Ort	Nov	Dec	Jao	Feb	Ma,	Ap,	May	Joi	A,	Sept

Total

DEVELOPER CONTRIBUTIONS	S8,44S	$4,235	$5, 103	$3,517	$3,558	so	$0	so	so	so	so	so

TOTAL REVENUES	I	$8,445
EXPENDITURES:
AQMINISTRATIVE:

$5,103	$3,517	$3,558	So	so	So	so	$0	So	 	so		$2<4,858 1

ATTORNEY	$1,186	$2,161	$0	$0

ENGINEERING

$175	$753	$700

so	$0	so	$0

so	$0	$2,240

so	so	so	so	$0	$0	$0	$4,210

ANNUAL AUDIT	so	so	$0	$0	so	so	so	$0	so	so

$0	$0

MANAGEMENT FEES

$2,708	$2,708	S2,708	$2,708	so	so	$0	so	so	so	so	Sl3,S42

$50

INFORMATION TEOfNOLOGV	$50	$50	$SO

so	so	so	so	so	so	so	S250

POSTAGE	$2	S6	$9	S6	$2	so	so	so	so	so	so	$0	$24

TELEPHONE	so	so	so	$0	so	so	so	so	so	so	so	so	so

PRINTING & BINDING	$9	$23	so	$0	$0	$0	so	$0	$0	so	$0	$0	$31

INSURANCE	$S,S00	so	so	so	so	so	so	$0	so	so

$5,500

LEGAL ADVERTISING	$0	so	$0	$0	$0	so	$0	$0	so	so	so	$0

OTHER aJRRENTCHARGES	$0	so	$0	$0

so	so	$0	$0	$0	$0	$0	$0

$175

OFFICE SUPPLIES	so	so	so	$0	$0	so	so	so	$0	so	so	$0	$1
OUES, LICENSES & SUBSCRIPTIONS	so	so	$0	$0	so	so	so	$0	so	so	$0	$17S

TOTAL EXPENDITURES	I

 	$5,123	

$3,973	so	so	so	$0

so	$0	$2S,9731 

E)(CISS REVENUES IEKPENDITURES)	I	151,4481	($888)	$1,583	$S3

$0	$0	so	so	$0	so	so

5

STON EYBROOK SOUTH AT CHAMPIONSGATE
COMMUNITY DEVELOPMENT DISTRI CT
LONG TERM DEBT REPORT

SERIES 2017, SPECIALASSESSMENT BONDS

I NTEREST RATES :	3. 500%, 4. 000%, 4. 625%, 5.000%	
MATURITY DATE:	12/15/2047	
RESE RVE FUND DEFINITION 	50% OF MAXIMUM ANNUAL DEBT SE RVICE	
RESERVE FUND REQUI REMENT	$150,900	
RESERVE FUND BALANCE	$150,900	
BONDS OUTSTANDI NG - 10/30/17	$4,710,000	
CU RRENT BON DS OUTSTANDING	$4,710,000	

6

Community D�velopment District

STONEYBROOK SOUTH AT CHAMPIONSGATE
Developer Contributions/Due from Developer

FRuenqduiensgt

PrDepaatreed

RPeacyemiveendt

ACmheocuknt	FuTnodtianlg

GFeunnedral

GFeunnedral	GFeunnedral

fDroume	O(vsehroratn)d

#	Date
21	191//2278//1166	12/1129//116	$

157,,616758..0709   $$

Request	Portion (16)
175,,617658..0709    $

Portion (17)	Portion (18)	Capital	Balance Due
$	175,,616758..0709    $	$$	$$

43	112//2159//1176

3/22//117	$

138,,603442..4259    $$	138,,603442..4259    $

2,763.70

$$	135,,623748.295

$	$$	$$

56	32/243/17

37//2121/17	$

32,739684..0509    $

32,,739684..0509   $$

$$	32,,739684..0509    $	$	$

87	45//2341//117

97/2181/17	$

73,,869237..7928    $

37,869273.7928   $$

$	35,56365..4282   $	$$	2,326572.50    $

190	76//31/17

9/28/17	$

32,76937..907    $

32,,759673..90   $

s$	32,,759637..907   $	$s	$$

1121--REVISSEED

89//25/117

112/11//17	$

140,,3931..6380    s$

140,39531..6380   s$

$$	4,835931..3680   $

5,500.00    s$	$$

1-REV2 ISED	1101/3205/177

2/24/118	$

4,522375..03    $	4,522375..03    $s

$	1,582.50

$	42,,924345..053

$s	$

43	112//3219//1177

32//1234///1188	$$

53,510163..483   $

53,,510136.83    $$

s$	$s	53,,150136..483   $	$

56	32//21/18

3/13/18	$

3,558.07 $

31,,5253..0578    $

$s	s$

31,,5253..0578    $

$s	1,253.58

!Due from Developer

Total Developer Contributions FY18

$	104,252.06   $	105,505.64   $	2,763.70    $	74,010.47   $	26,111.47   $	2,620.00    $	1,253.58 1
$	26,111.47

7

Stoneybrook South at ChampionsGate Community Development District
Special Assessment Bonds, Series 2017

Date	Requisition # Fiscal Year 2018
10/30/17	l

Contractor		Description	Requisitions Lennar Corporation	Reimbursement #1 • Parcel K Assessment Area (Tract K) $ 1,340,975.31

TOTAL	$ 1,340,975.31

Fiscal Year 2018 10/30/17
11/1/17
12/1/17
1/1/18
2/1/18

Interest Interest Interest Interest Interest

TOTAL

$
$	32.67

s

$	490.12
506.53
$	506.62
$	1,535.94

Acquisition/Construction Fund at 10/30/17	$ 4,322,480.50	
Interest Earned thru 2/28/18	$	1,535.94	
Requisitions Paid thru 2/28/18	$ (1,340,975.31)	
Remaining Acquisition/Construction Fund	$ 2,983,041.13	

8

Stoneybrook South at ChampionsGate Community Development District

Payee

Governmental Management Services-CF, LLC
Inv# 22 - Management Fees - March 2018
KPM Franklin
Inv# 120686 - Professiona l Services - February 2018

Latham, Shuker, Eden & Beaudine, LLP
Inv# 80147 - General Counsel - February 2018
Credit - Project Construction Invoices Previously Funded
KPM Franklin - lnvoices#120014 KPM Franklin - lnvoices#120021

FY18 Funding Request #6 March 21, 2018

General Fund

$	2,758.33

$	350.00

$	765.25

$	(2,362.50)
$	(257.50)

$	1,253.58

Total:	$	1,253.58

Please ma ke check payable to:
Stoneybrook South at ChampionsGate Community Development District 1412 S. Na rcoossee Road
St.Cloud, FL 34771

Wire funds to:

Stoneybrook South at ChampionsGate Community Development District SunTrust Bank, NA
ABA # 061000104
Acct # 1000193145488
Contact: Kelly Lawler Tel: (407) 237-1072

GMS-Central Florida, LLC
1001 Bradford Wt!/f
Kingston,  TN 37763

BIii To:
stoneybrook South @ CG COD 135 W Central Blvd
Sulte 320 Orlando, FL 32801

Description

Invoice
Invoice #: 22 Invoice Date: 3/1/18
Due Date: 3/1/18 Case:
P.O. Number:

Rate	Amount

Management Fees - March 2018 Information Technology - March 2018	2,708.33
60.00	2,708.33
50.00	

REC'D MAR O 2 2018			

Total	$2,758.33	
Payments/Credits	$0.00	
Balance Due	$2,758.33	

a KPfllFranklin

1
., EN.GINffRS • PLANNERS • SURVEVOftS

INVOICE
TaK l0 #59·3288732
i)�CEIV�(
h MAR & l 2018 �

l� E. Vine Street Kissimmee, Fl. 34744
(407) 84(,-1215

,w5 \J_

Stoneybrook South at ChampionsGate CDD BY:

___nvoloo number

120686

135 West Central Blvd	Date
Suite 320
Orlando, FL 32801	Project
For Professional Services through February 22, 2018 Invoice Summary
Descriplion 01 Meetings
Reports
Miscellaneous

03/01/201 8

Construction

C17h-a0m19p0i.o0n0s0GStatoenCeyObDro2o0k1 7S-1o8uth at

Bllled

Current
0.00
0.00
350.00

Reimbursements

Total

0.00
350.00

Stonaybrook South at CliamplonsGate CDD	I nvoice number 120686

Invoice date 08/011201 B
Page 1 of 4

KPMFranklin

ENGINEERS • PLANNERS • SURVIVORS

Stoneybrook South at ChampionsGate CDO

INVOICE
Tax lO #S9·3288732

1368 E. Vme Street Kissimmee, fl 34744
(407) 846-1216
Invoice number	120688

Project 17-ll190.000 Stoneybrook South at Champions Gate COD 2017-18 Construction
03 Mlscellaneous Professional Fees

Date	03/01/2018
Billed

David A. Reid
mt wlSFWMD re wetland maintenace wl Bill Griffey, Adam, Brian

Approved by:

David A. Reid
Vice President General Engineering

Stoneybrook Sou1h at ChamplonsGate COD	Invoicenumber 1208B6

Date
02/09/2018 

Hours

2.00

Rate	Amount
1 75.00	350.00

Invoice total I	�1

Invoicedale 03/01/2018 
Page 2 of 4

KPtv1Franklin

ENGINHRS • �NN&RS • SUIWEVORS

TIaNx I DV6'5O9-32I8C873E2

1368 E. Vine Street
Kissimmee, Fi. 34744
(407) 846-1216

Stoneybrook Soulll at CtiampionsGale ODD	Invoice number	1 20686	
Project 17-0190.000 Stoneybrook South at Champions Gate CDD 2017-18 Construction	Date	03/01/2018	

lnvojce Supporting Detail

17-0190.000 Stoneybrook South at Champions Gate COD 2017-1 8 Construction 01 Meetings

I	I	I

 	Bllllng cutoff: 02/2212018	
Date	Units	Rate	Amount

Phase Status: AcHve

WIP Status:	 	
Subtotal	0.00 total	0.00

Reports

WIP Status:

Bllllng Cutoff: 02/22/2018

I	I	I

Date	Units	Rate	Amount

Sublotal	0.00
total	o.oo

Phase Status: Active

Mlscellaneous

.l&!2Pr	WIP Status: BIilabie Senior Engineer II (PE)
David A. Reid

Bllllng Cutoff: 02/22/201 8

I	I	I

Date	Units	Rate	Amount

Phase Status: Active

Project Time	02/09/2018	2.00	1 75.00	350.00
mt wl SFWMD re wetland malntenace wl Bill Griffey, Adam, Brian	
Subtotal	2.00	350,00
Labor total	2.00	350.00

Reimbursements

l	I	I

Bllllng Cutoff: 02/22/2018
Date	Units	Rate	Amount

Phase Stetus: Active

WIP Status:	 	
Subtotal 	0.00	
total	o.oo

NonBillable Expenses

I	II

 	Bllllng Cutoff: 02/22/201 8
Date	Units	Rate	Amount

Phase Status: Active

WIP Status:	 		 	
Subtotal 	o.oo	
total	0.00

Stonaybrook Sooth at CtiamplonsC3ate COO	Invoice number 120686

Invoice   date 03/01/2018
Page 3 of 4

KPfv�Franklin

ENGINEERS • PLANNERS • SURVEYORS

Stoneybrook South at ChamplonsGate COO

INVOICE
Tax ID #59•32SS732

1368 E. Vine Strfft
Kissimmee, Ft 34744
(407) 846-1216
Invoice number	120686

Project 17•0190.000 S!oneybrook South at Champions Gate COD 2017•18 Construction
Invoice Supporting Detail

Date	03/01/201 B

Invoice Summary  	

B_i_lle-,d ] 	%-,-[

_R_em_a_ln-ln-,g 1 	%-,j

Labor	2,887.50	-2,887.50	
Expen&e

Total	

2,887.50	

-2,887.50	

I    ---C-o-ntr-act---.--l	 		 	

Consultant

Stoneybrook South at ChampionsGate COD	Invoice number 120686	lnvolce date 03/01/2018 Page 4 of 4

LATHAM, SHUKER, EDEN & BEAUDINE, LLP

,	u

ATTO RNEYS AT LAW 

I 11 N, MAGNOLIA AVE, STE 1400 ORLANDO, FLORIDA 32801
POST OFFICE BOX 3353

March 14, 2018 
Stoneybrook South at ChamplonsGate
1 35.W. Central Blvd., Suite 320 Orlando, FL 32801

Matter ID: 71 92-001
General

For Professional Services Rendered:

ORLANDO,  FLORIDA 32802
TELEPHONE: (407) 48M800
fACSIMILE:  (407) 481-S801

IN V OICE 

OECE!Vfi=,,­ MAR I 5 2018

U

�2\.-�
l• 'J?G ({I J, J lj

Invoice # 801 47
Federal ID # 59-3366512

02/1 3/2018	AGO		Review and respond to emall from Developer regarding plat Issues In Osceola County; contact outside attorney for Osceola County by email and phone; contact Osc:eola County planning department; update Developer regarding revised plat language.

2.80 hr	$686.00

02/27/2018	JAC	Telepllone call with supervisor; emails with GMS	0.20 hr	$71.00
Total Professional Services:	$757.00
For Disbursements lnc.urred:
02/28/2018	Document Reproduction Expense	$8.25
Total Disbursements Incurred:	$8.25
INVOICE SUMMARY
For Professional Services:	3.00 Hours	$757. 00
For Disbursements Incurred:	$8.W

Previous Balance:

__ __________...._____-�e_w���':!'�_!his !�v�c.?� ___ ___ __ _____ u _ _ _ _ - ���
$4,766.85

Billed Through: Februe,y 28. 201 8

Less Payment and Credits Received:
Outstanding Balance: Plus New Charges this Invoice:
Total Due:

$4,668.85
$98. 00
$785. 25
$863.25

Page 1