Towne Park Community Development District
12051 Corporate Boulevard, Orlando, FL 32817; 407-382-3256
towneparkcdd.com

The following is the proposed agenda for the Board of Supervisors' Meeting for the Towne Park Community Development District, scheduled to be held Thursday, July 13, 2017 at 11:00 a.m. at the Offices of Highland Homes, 3020 S. Florida Avenue, Suite 101, Lakeland, Florida 33803. As always, the personal attendance of three Board Members will be required to constitute a quorum.
If you would like to attend the Board Meeting by phone, you may do so by dialing: Phone:	1-877-864-6450
Participant Code:	345750
PROPOSED BOARD OF SUPERVISORS' MEETING AGENDA

Administrative Matters
Roll Call to Confirm Quorum
Public Comment Period [for any members of the public desiring to speak on any proposition before the Board]
Consideration of the Minutes of the April 13, 2017 Board of Supervisors Meeting
Business Matters

Consideration of Resolution 2017-04, Declaring O&M Special Assessments
Consideration of Resolution 2017-05, Setting Public Hearing on O&M Special Assessments (proposed date of August 16, 2017)
Consideration of Resolution 2017-06, Rescheduling Public Hearing on Adopting of the District's Fiscal Year 2017-2018 Budget (proposed date of August 16, 2017)
Consideration of Fiscal Year 2015-2016 Audited Financial Report
Consideration of Payment Authorization Nos. 56 & 58
Review of Monthly Financials (provided under separate cover)

Other Business
Staff Reports District Counsel District Engineer District Manager
Supervisor Requests and Audience Comments Adjournment

Towne Park Community Development District

Minutes

MINUTES OF MEETING

TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS' MEETING
Thursday April 13, 2016 at 11:03 a.m. The Offices of Highland Homes
3020 S. Florida Avenue, Suite 101
Lakeland, Florida 33803

Boai·d Members present at roll call:

Joel Adams Brian Walsh Jeff Shenefield

Also Present:

Board Member Board Member Board Member

Jane Gaarlandt Joe MacLaren Roy Van Wyk Sarah Warren

Fishkind & Associates, Inc. Fishkind & Associates, Inc. Hopping Green & Sams, P.A. Hopping Green & Sams, P.A.

(via phone) (via phone)

FIRST ORDER OF BUSINESS	Call to Order and Roll Call

The  meeting  was called to order.	The Board Members and staff in attendance are as outlined above.

SECOND ORDER OF BUSINESS	Public Comment Period

There were no public comments at this time.
THIRD ORDER OF BUSINESS		Consideration of the Minutes of the	November	1,	2016
Landowners' Election and Board of Supervisors' Meeting
The Board reviewed the minutes of the November 1, 2016 Landowners' Election and Board of Supervisors' Meeting.

ON MOTION by Mr. Adams, seconded by Mr. Walsh, with all in favor, the Board approved the Minutes of the November 1, 2016 Landowners' Election and Board of Supervisors' Meeting.

FORTH ORDER OF BUSINESS	Consideration of Resolution 2017-
03, Approving a Proposed Budget for Fiscal Year 2017-2018 and Setting a Public Hearing Date Thereon

Mr. MacLaren reconnnended July 13, 2017 as the date of the public hearing. The budget can be changed prior and up to that date. Mr. MacLaren is proposing an increase in the budget to $250,000.00. He is proposing an increase in the District Management fee from
$20,000.00-$25,000.00 due to the expected new residents who will move within the District. The pond maintenance and streetlighting has also been increased. Mr. MacLaren noted that the District would go on the Tax Roll for the platted lots. Mr. Adams suggested that the streetlighting cost is high and may need to be reduced by the final budget.

ON MOTION by Mr. Adams, seconded by Mr. Walsh, with all in favor, the Board approved Resolution 2017-03, Approving a proposed Budget for Fiscal Year 2017-2018 and Setting July 13, 2017 at 11:00 a.m. at the current location as the Public Hearing Date.

FIFTH ORDER OF BUSINESS	Ratification	of	RIPA	Change Order No. 6

The Board reviewed RIPA Change Order No. 6.

ON MOTION by Mr. Adams, seconded by Mr. Walsh, with all in favor, the Board ratified RIPA Change Order No. 6.

SIXTH ORDER OF BUSINESS	Consideration	of	Payment Authorization Nos. 50-54

Mr. MacLaren requested Board approval of Payment Authorization Nos. 50-54

ON MOTION by Mr. Adams, seconded by Mr. Walsh, with all in favor, the Board approved and ratified Payment Authorization Nos. 50-54.

SEVENTH ORDER OF BUSINESS	Review of Monthly Financials

The District is under budget. There was no action required by the Board.

Mr. Adams noted that the construction funds should complete the pool contract and the Developer would be funding the other completions. Mr. Adams asked if the Amenity Center needs to be transfeJTed into the District before construction is done. Mr. Van Wyk said that it is better to do it at the end. The construction should be launched within the month. Mr. Van Wyk requested that the Board authorize the Chair to get any and all documents necessary for the permitting of the pool.

ON MOTION by Mr. Adams, seconded by Mr. Walsh, with all in favor, the Board authorized the District Chairman to get any documents necessary for the permitting for the District regarding public operation of the Pool to be constructed.

EIGHTH ORDER OF BUSINESS	Staff Reports District Counsel -	No Report
District Engineer -	Not Present

District Manager - Mr. MacLaren will get Mr. Adams an O&M Assessment Methodology. Mr. Adams thinks that they can  reduce the budget by $60,000.00-$70,000.00. Mr. MacLaren noted that he and Ms. Gaarlandt have received a couple of calls from the HOA President in Towne Park Phase 1. Mr. Adams said that Phase 1 residents could enjoy the use of that center. Mr. Van Wyk said that the individuals can buy a membership for the use of the Amenity Facility or the District can set it up on a bulk basis for the HOA to do. Mr. Adams said that he is pushing for a mass membership but does not know if they will agree and wants to consider sharing amenities. Mr. Van Wyk said that it can be done when and if the District does a bulk agreement with the HOA. Mr. Adams will

have Denise Abercrombie have a conversation with the HOA President. Mr. MacLaren told Mr. Adams to let him know if he needs anything.

NINTH ORDER OF BUSINESS	Supervisor Requests and Audience Comments

There were no Supervisor requests or audience comments.

TENTH ORDER OF BUSINESS	Adjournment

There were no other questions or comments. Mr. MacLaren requested a motion to adjourn.

ON MOTION by Mr. Adams, seconded by Mr. Walsh, with all in favor, the Board Adjourned the April 13, 2017 Board of Supervisor's Meeting for the Towne Park Community Development District.

Secretary/ Assistant Secretary	Chairman/ Vice Chainnan

Towne Park Community Development District

Resolution 2017-04

RESOLUTION 2017- 04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT DECLARING SPECIAL ASSESSMENTS; INDICATING THE NATURE AND ESTIMATED COST OF THE OPERATIONS WHOSE COST IS TO BE DEFRAYED BY THE SPECIAL ASSESSMENTS; PROVIDING THE PORTION OF THE ESTIMATED COST OF THE OPERATIONS TO BE 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; ADOPTING A PRELIMINARY ASSESSMENT ROLL; PROVIDING FOR PUBLICATION OF THIS RESOLUTION.

WHEREAS, the Board of Supervisors of the Towne Park Community Development District (the "Board") hereby determines to undertake the maintenance and operations ("Operations") described in Exhibit A, the District's approved budget for Fiscal Year 2017-  2018, incorporated herein by reference; and

WHEREAS, it is in the best interest of the Towne Park Community  Development District ("District") to pay the cost of the Operations by special assessments pursuant to Chapter 190, Florida Statutes ("Assessments"); and

WHEREAS, the District is empowered by Chapter 190, the Uniform Community Development District Act, to finance, fund, plan, operate, and maintain the Operations and to impose, levy and collect the Assessments; and

WHEREAS, the District hereby determines that benefits will accrue to the property maintained and/or operated by the District's Operations, the amount of those benefits, and that special assessments will be made in proportion to the benefits received, which amount is proportional to the acreage of each parcel; 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 TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT:

Assessments shall be levied to defray the cost of the Operations.

The nature of the Operations are described in Exhibit A, which is also on file and available for public inspection at the District's office.

The total estimated cost of the Operations for the Fiscal Year 2017-2018 1s
$ (the "Estimated Cost").

The Assessments will defray approximately$ 	,which is reflective of the Estimated Cost for the Fiscal Year 2017-2018.

The Assessments shall be apportioned based on equivalent residential unit ("ERU") values.

The Assessments shall be levied, within the District, on all lots and lands specially benefitting from the Operations and further designated by the assessment roll hereinafter provided for.

There is on file, at the District Records Office, an assessment roll showing the area to be assessed, with specifications describing the Operations and the Estimated Cost of the Operations, all of which shall be open to inspection by the public.

The Assessments shall be paid during the 2017-2018 Fiscal Year. The Assessments may be certified for collection by the tax collector or may be collected directly by the District in accordance with Florida law.

The District Manager has caused to be made a preliminary assessment roll, in accordance with the method of assessment described in Section 5 above, which shows the lands assessed, the amount of benefit to and the assessment against each lot or parcel of land, which is attached hereto as Exhibit B and hereby adopted and approved as the District's preliminary assessment roll.

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 undertaking of the Operations, 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 Polk 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.

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PASSED AND ADOPTED this 13th day of July, 2017.

ATTEST:		TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A: Exhibit B:

Fiscal Year 2017-2018 Budget Preliminary Assessment Roll

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Towne Park Community Development District

Resolution 2017-05

RESOLUTION 2017-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT SETTING A PUBLIC HEARING TO BE HELD ON-------- 2017, AT        
_	.M.  AT  THE   	_,FOR  THE  PURPOSE
OF HEARING PUBLIC COMMENT ON IMPOSING SPECIAL ASSESSMENTS ON CERTAIN PROPERTY WITHIN THE DISTRICT GENERALLY DESCRIBED AS THE TOWNE PARI( COMMUNITY DEVELOPMENT DISTRICT IN ACCORDANCE WITH CHAPTERS 170, 190 AND 197, FLORIDA STATUTES.

WHEREAS, the Board of Supervisors of the Towne Park Community Development District, (the "Board") has previously adopted Resolution 2017-_, entitled

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT DECLARING SPECIAL ASSESSMENTS; 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 DEFRAYED BY THE SPECIAL ASSESSMENTS; PROVIDING THE MANNER IN WHICH SUCH SPECIAL ASSESSMENTS SHALL BE MADE; PROVIDING WHEN SUCH SPECIAL ASSESSMENTS SHALL BE PAID; DESIGNATING LANDS UPON WHICH THE SPECIAL ASSESSMENTS SHALL BE LEVIED; PROVIDING FOR AN ASSESSMENT PLAT; ADOPTING A PRELIMINARY ASSESSMENT ROLL; PROVIDING FOR PUBLICATION OF THIS RESOLUTION.

WHEREAS, in accordance with Resolution 2017-_, a Preliminaiy Special Assessment Roll has been prepared and all other conditions precedent set forth in Chapters 170, 190 and 197, 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 the offices of Fishkind & Associates, 12051 Corporate Boulevard, Orlando, Florida 32817 (the "District Records Offices").

NOW THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT:

There   is  hereby  declared   a  public  hearing  to   be  held  at 		_.M., on
 	,2017, at the offices of Highland Homes, 3020 S. Florida Avenue, Suite  IOI, Lakeland, Florida 33803, for the purpose of hearing comment and objections to the proposed special assessment program for District improvements as identified in the Preliminary Special Assessment Roll, a copy of which is on file. Affected parties may appear at that hearing or submit their comments in writing prior to the hearing to the office of the District Manager at 12051 Cmporate Boulevard, Orlando, Florida 32817, (407) 382-3254.

Notice of said hearing shall be adve1tised in accordance with Chapters 170, 190 and 197, Florida Statutes, and the District Manager is hereby authorized and directed to place said notice in a newspaper(s) of general circulation within Polk County (by two publications one week apart
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with the first publication at least twenty (20) days 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 propetiy 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 ascetiained at the District Records Offices. The District Manager shall file proof of such mailing by affidavit with the District Secretary.

This Resolution shall become effective upon its passage.

PASSED AND ADOPTED THIS 13TH DAY OF July, 2017.

ATTEST:
TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	ChairPerson, Board of Supervisors

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Towne Park Community Development District

Resolution 2017-06

RESOLUTION 2017-06

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT RE-SCHEDULING AND NOTICING THE PUBLIC HEARING ON THE PROPOSED BUDGET FOR FISCAL YEAR 2017-2018 AND AMENDING RESOLUTION 2017-03 SETTING THE PUBLIC HEARING THEREON

WHEREAS, the District Manager has heretofore prepared and submitted a proposed  budget to the Board prior to June 15, 2017 for the Fiscal Year 2017-2018; and

WHEREAS, the Board of Supervisors considered said proposed budget and approved Resolution 2017-03, approving the budget for the District and set the public hearing thereon for July 13, 2017, at 11:00A at the offices of Highland Homes, 3020 S. Florida Avenue, Suite 101, Lakeland, Florida 33803; and

WHEREAS, the Board of Supervisors has determined that it is in the best interest of the District
to re-schedule  the hearing on the proposed  budget from  July 13, 2017 to	, 2017 at 		_
_ mat the offices of Highland Homes, 3020 S. Florida Avenue, Suite 101, Lakeland, Florida 33803 and hereby authorizes the District Manager to publish notice of the same in accordance with Florida law.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT:

I.	Resolution 2017-03 is hereby amended to change the date of the public hearing on  the adoption of the proposed fiscal year 2013-2014 budget to:

Date:

------2017

Hour:	 	

Place:

Offices of Highland Homes
3020 S. Florida Avenue, Suite IOI Lakeland, Florida 33803

Notice of the public hearing on the budget shall be provided as required by Chapter 190, Florida Statutes and in the manner prescribed in Florida Law.

All other provisions of Resolutiou 2017-03 shall remain unchanged and in full force  and effect.

PASSED AND ADOPTED this 13th day of July, 2017.

ATTEST:	TOWNE PARK COMMUNITY
DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

Towne Park Community Development District

FY 2016 Audited Financial Report

Towne Park Community Development District

FINANCIAL STATEMENTS

September 30, 2016

 

Towne Park Community Development District
Table of Contents September 30, 2016

REPORT
Independent Auditors' Report	1
FINANCIAL STATEMENTS
Management's Discussion And Analysis (required supplemental information)	3
Basic Financial Statements
Government-Wide Financial Statements
Statement of Net Position	8
Statement of Activities	9
Fund Financial Statements
Balance Sheet - Governmental Funds	10
Reconciliation of the Balance Sheet of Governmental Funds to the Statement
of Net Position	11
Statement of Revenues, Expenditures and Changes in Fund Balances -
Governmental Funds	12
Reconciliation of the Statement of Revenues, Expenditures and Changes in
Fund Balances of Governmental Funds to the  Statement of Activities	13
Notes to Financial Statements	14
Required Supplemental Information (other than MD&A)
Budget to Actual Comparison Schedule - General Fund	22
Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With
Government Auditing Standards	23
Management Letter	25
Attestation Report on Compliance with Section 218.415  Florida Statutes	27

1 CRI

C A R R RIGGS & I NGRA M
CP  A s  and Advisors

Carr, Riggs & Ingram, LLC Cer tifiedPublic Accountants 500 GrandBoulevard
Suite 210
Miramar Beach, Florida 32550

INDEPENDENT AUDITORS' REPORT

To the Board of Supervisors
Towne Park Community Development District Polk County, Florida

Report on the Financial Statements

(850) 837-1341
(850) 654-4619(fax)
CRlcpa.com

We have aud ited the accompanying financial statements of the governmental activities and each major fund of Towne Park Community Development District (hereinafter referred to as " District"), as of and for the year ended September 30, 2016, and the related notes to the financial statements, which collecti vely comprise the District' s basic financial statements as listed in the table of contents.

Management's Responsibility for the Financial Statements

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

Auditors' Responsibility

Our responsibility is to express opinions on these financial statements based on our audit. We conductedour audit in accordance with auditing st andards generally accepted in the United St ates of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Co m ptroller General of the United States. Those st andard s require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are fr ee from material misstatement.

An audit involvesperforming procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors' judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor consider s internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectivenessof the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonablenessof significant accounting estim at esmade by management, as well as evaluating the overall presentation of th e fin ancial statements.

We believe that the audit evidence we have obtained issufficient and appropriate to provide a basis for our audit opinions

Opinions

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District as of September 30, 2016, and the respective changes in financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Other Matters

Required Supplementary Information

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

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued our report dated June 8, 2017, on our consideration of the District's internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and notto provide an opinion on the internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District's internal control over financial reporting and compliance.
c	l?¼,v .i J	1..1..c..
CARR, RIGGS & INGRAM, LLC

Miramar Beach, Florida June 8, 2017

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Management's Discussion And Analysis

Towne Park Commun it y Development District M anagement' s Discussion and Analysis

Our discussion and analysis of the Towne Park Community Development District's financial performance provides an overview of the District's financial activ it ies for the fi scal year ended Sep t emb er 30, 2016. Please r ead it in conjunction wit h the District's fi nancial st at ement s, which begin on page 8.

FINANCIAL HIGHLIGHTS

At September 30, 2016, the liabili ti es of the District exceed its assets by appro ximately $352,000 (deficit net position).

During the fiscal year end ed September 30, 2016, the District est ablishe d infrastruct u re of approximately $855,000.

During the year ended September 30, 2016, the District issued Series 2016 Special Assessment Bonds totaling $2,960,000, and incurred bond issuancecosts totaling approximately $220,000.

USING THE ANNUAL REPORT

Thi s annual report consist s of a series of financial statements. The Statement of Net Posi t io n and the Statement of Activities on pages 8-9 provide information about the activities of the Dist rict as a whole and present a long er-term view of the Distr ict's fi nances.Fund financial st atement s start on page 10. For govern ment al activities, t hese st atement s tell howthese services were financed in the short-term as well as w hat remains for future spending. Fund financial statements also report the District' s operations in mor e detail than the government-wide statements by providing information aboutthe District's most significant fund s.

Reporting the District as a Whole

Our analysis of t he District as a w hole begins on page 4. One of the most important questions asked about the District's finances is, "Is the District as a whole better off or worse off as a result of the year's activiti es?" The Statement of Net Position and the Stat ement of Activiti esreport info rmatio n about the District as a whole and about it s activities in a way that helps answe r this question. These st ateme nts include all assets and liabiliti es using the accru al basis of accountin g, which issimil ar to the accounting used by most private-sector companies.All of the curr ent year's revenuesand expenses are taken into account regardless of w hen cash is received or paid.

These two statements report the District's net position and related changesduring the current year. You can think of the Dist rict s' net position - the diff erence between assets and liabiliti es - as one way to measure the District' s fi nancial health , or financial position. Over t ime, increasesor decreases in the District's net position is one indicat or of whether its financial health is impro ving or deteriorating. You wil l need to consider other nonfinancial factors; however, such as changes in the Distri ct's assessment base and th e conditi on of the District's infr ast ructure, to assess t he overall health of the District.

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Towne Parle Community Development District Management's Discussion and Analysis

Reporting the District's Most Significant Funds

Our analysis of the District's major funds begins on page 5. The fund financial statements begin on page 9 and provide detailed information about the most significant funds- nottheDistrict as a whole. Some funds are required to be established by State law and by bond covenants. All of the District's funds are governmental fund-types.

Governmental funds - All of the District's basic services are reported in governmental funds, which focus on how money flows into and out of those funds and the balances left atyear-end that are available for spending. The governmental fund statements provide a detailed short­ term view of the District's general government operations and the basic services it provides. Governmental fund information helps you determine whether there are more orfewer financial resources that can be spent in the near future to finance the District's programs.

THE DISTRICT AS A WHOLE

The following table reflects the condensed Statement of Net Position and is compared to the prior year.

September 30,	2016	2015	Change	
Assets
Current and other assets	
$ 2,056,118	
$	18,531	
$ 2,037,587	
Construction in progress	855,069		855,069	
Total assets	$ 2,911,187	$	18,531	$ 2,892,656	

Liabilities and deferred inflows of resources				
Current liabilities	$	221,200	$	5,347	$	215,853	
Other liabilities	 3,037,041	84,150	2,952,891 
Total liabilities	3,258,241	89,497	3,168,744
Deferred inflows of resources
Deferred inflows of resources	4,820	-	4,820

Net position
Net investment in capital assets
Restricted for:	(396,962)	-	{396,962)	
Capital projects	169,509	169,509	
Unrestricted	(124,421)	{70,966)	(53,455)	
 	Total net position (deficit)		(351,874)	(70,966)	(280,908J	
Total liabilities, deferred inflows of resources and			
net position	$ 2,911,187 $ 18,531 $ 2,892,656   

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Towne Park Community Development District Management's Discussion and Analysis

For more detailed information, see the accompanying Statement of Net Po sition .

During the fiscal year ended September 30, 2016, total assets and liabilities increased by approximately
$2.9 million and $3.2 million, respect ively. Both increases are related to the issuance of the Series 2016 Bonds during the year ended September 30, 2016.

The following schedule compares the Statement of Activities for the current and previous fiscal year.

Year ended September 30,	2016	2015	Change	
Revenues:				
Program revenues:
Grants and contributions	
$	46,348	
$	75,964	
$	(29,616)	
General revenues:				
Interest and other revenues	3		3	

Total revenues	
46,351	
75,964	
(29,613)	

Expenses:				
General government	56,797	146,930	(90,133)	
Cost of issuance	220,921		220,921	
Interest	49,541		49,541	

Total expenses	
327,259	
146,930	
180,329	

Change in net position	
(280,908)	
(70,966)	
(209,942)	
Net position (deficit), beginning	(70,966)		{70,966)	

Net position (deficit), ending	
$	(351,874)	
$	{70,966)	
$	(28Q,908)	

For more detailed information, see the accompanying Statement of Activities.

Revenu es decreased from the prior year while expenses increased over prior year by approximately
$30,000 and $180,000, respectively. The decrease in revenues is primarily due to a decrease in funding needed to pay for the operating expenses of the District. The increase in expenses is primarily due to the bond issuan ce costs and interest that were incurred in the current fiscal year. The overall result was a $280,908 decrease in net position for fiscal year 2016.

THE DISTRICT'S FUNDS

As the District completed the year, its governm ent al funds (as presented in the balance sheet on page
reported a combined fund balance of approximately $1.9 million. Significant transactions are discussed below .

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Towne Park Community Development District Management's Discussion and Analysis

During the year ended September 30, 2016, the District incurred capital outlay of approximately
$855,000 towards construction of infrastructure.

During the year ended September 30, 2016, the District issued Series 2016 Special Assessment Bonds totaling $2,960,000, and incurred bond issuance costs totaling approximately $220,000.

CAPITAL ASSET AND DEBT ADMINISTRATION

Capital Assets

At September 30, 2016, the District had approximately $855,000 invested in capit al assets (under construction). This amount represents a net increase of approximately $855,000 from fiscal year 2015 total.

September 30,	2016	2015	Change	

Cal)ital assets not being depreciated	
$	855,069	
$	-	$	
855,069	

Net ca_j'.)ital assets	
$	855,069	
$	-	$	
855,069	

More information about the District's capital assets is pr esented in Note 4 to the financial statement s.

Debt

At September 30, 2016, the District had approximately $3 million of bonds out standing . This amount represents a net increase of $3 million from the fiscal year 2015 total, as the bonds were issued in fiscal year 2016.

A listing of debt amounts outstanding for the current and prior year is as follows:

September 30,	2016 2015 Change

Series 2016 bonds	$ 2,960,000	$	-	$ 2,960,000	
Due to developer	77,041	84,150	(7,109)	

Total	$  3,037,041   $	84,150	$  2,952,891

More information about th e District's long-term debt is presented in Note 5 to the financial statements.

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Towne Parle Community Development District Management's Discussion and Analysis

GOVERNMENTAL FUNDS BUDGETARY HIGHLIGHTS

An Operating budget was established by the governing board for the District pursuant to the requirements of Florida Statutes. The budget to actual comparison for the general fund, including the original budget and final adopted budget, is shown at page 22.

The District experienced unfavorable variance in revenues and favorable variance in expenditures as compared to the budget in the amount of $134,926 and $123,903, respectively. The variances occurred primarily due to ant icipated budgeted operating expenditures, including certain maintenance and operations expenditures, which were not incurred during the year and the related impact on Developer funding.

FUTURE FINANCIAL FACTORS

Towne Park Community Development District is an independent special district that operates under the provisions of Chapter 190, Florida Statutes. The District operates under an elected Board of Supervisors, which establishes policy and sets assessment rates. Assessment rates for fiscal year 2017 were established to provide for the operations of the District as well as the necessary debt service requirements.

CONTACTING THE DISTRICT'S FINANCIAL MANAGEMENT

This financial report is designed to provide a general overview of the District's finances. If you have questions about this report or need addit iona l financial information, contact the Towne Park Community Development District's management company at 12051 Corporate Blvd, Orlando, Florida 32817.

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Basic Financial Statements

Towne Park Community  Development District
Statement of Net Position

September 30,	2016	
	Governmental	
	Activities	
Assets		
Cash and cash equivalents	$	2,048,946	
Accounts receivable	2,352	
Prepaid expenses	4,820	
Construction in progress	855,069	

Total assets	2,911,187

Liabilities

Accounts payable	114,726	
Retainage payable	56,933	
Accrued interest payable	49,541	
Non-current liabilities:		
Due to the Developer	77,041	
Bonds payable	2,960,000	

Total liabilities	
3,258,241	

Deferred inflow of resources
Deferred revenue	4,820

Total deferred inflow of resources	4,820

Net position
Net investment in capital assets Restricted for:
Capital projects Unrestricted

{396,962)

169,509
{124,421)

Total net position (deficit)	$	(351,874)

The accompanying notes are an integral part of these financial statements.
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Towne Park Community  Development District
Statement of Activities

Year (!nded September 30,	2016
Program Revenues

Net (Expense) Revenue and Changes in Net Position

Functions/Programs	

Expenses	Operating
Grants and Contributions	Capital Grants and
Contributions	
Governmental Activities	
Primary government:					
Governmental activities:
General government	
$	(56,797)	
$	45,771	
$	-	
$	(11,026)	
Cost of issuance	(220,921)			(220,921)	
Interest	(49,541)	61	516	(48,964_}	

Total governmental activities	$	(327,259)	45,832	$	516	(280,911)

General revenues
Interest and other revenues	3
 	Total general revenues	3 
Change in net position	(280,908)
 Net position  (deficit)-beginning o_f year	(70,966) 

 Net position (deficit) - end of year	$	(351,874) 

The accompanying notes are an integral part of these financial statements.
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Towne Park Commun ity Development District Balance Sheet - Governmental Funds

Se ptemb er 30,	2016
Total
Capital	Governmental
General	Debt Service	Projects	Funds
Assets		
Cash and cash equivalents	$	2,475	$	273,501	$ 1,772,970	$	2,048,946	
Account s receivabl e	2,352			2,352	
Prepaid expenditures	4,820	-		4,820	

Total assets	$ 	9,64 7	$	273,501	$  1,772,970	$   2,056,118

Liabilities, deferred inflows of resources and fund balances
Liabilities
Accounts payable	$	2,666	$	-	$	112,060	$	114,726	
Retainage payable		56,933	56,933	
Total liabilities	2,666	-	168,993	171,659	

Deferred inflows of reso urce s
     Deferred revenue	4,820	4,820
Total deferred infl ows
 	of resources	4,820	-	4,820

Fund balance
Nonspendable			4,820					-				4,820 Restricted for debt ser vice					273,501				-			273,501 Restrict ed for capital projects							1,603,977		1,603,977 Unassign ed			(2,659)						-				(2,659) Total fund balance	 	2,161	273,501	1,603,977			1,879,639

Total liabilities, deferred inflows and
fund balance	$	9,647	$	273,501	$  1,772,970	$	2,056,118

The accompanying notes are an integral part of these financial statements.
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Towne Parle Community Development District Reconciliation of the Balance Sheet of Governmental Funds to  the Statements of
Net Position

September 30,	2016	

Total fund balances, governmental funds	
$	1,879,639	
Capital assets used in governmental activities are not financial resources and therefore are not reported in the fund level statements	
855,069	
Developer advances are recorded as a liability on the Statement of Net Position but are treated as other financing sources on the fund level		
financial stateme nts.	{77,041)	
Liabilities not due and payable from current resources, including accrued int erest, are not reported in the fund level statements.	

(3,009,541)	

Total net position (deficit) - governmental activities	
$	(351,874)	

The accompanying notes are an integral part of these financial statements.
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Towne Park Community Development District Statement of Revenues, Expenditures and Changes in Fund Balances -
Governmental Funds

Year ended September 3, 0

2016

Total Capital	Governmental

General	Debt Service	Projects	Funds
Revenues		
Developer contributions	$	45,771	$	-	$	-	$	45,771	
Interest and other revenues	3	61	516	580	
 	Total revenues	45,774	61	516	46,35_!

Expenditures
Current:
General government	56,797	56,797
Debt service:
Repayment of developer advances	13 5,524	135,524	
Cost of issuance	220,921	220,921	
Capital outlay	-	855 ,069	855,069	
Total expenditures	56,797		1,2111514	 	1,268,311	
Excess (deficit) of revenues over				
expenditures	(11,023)	61	(1,210,998)	(1,221,960)	

Other Financing Sources (Uses)
Developer advances	-	

-	
128,415	
128,415	
Debt Proceeds	 	273,440	2,686,560	2,960,000 

Total other financing sources (uses) 	273,440	2,814,975	3,088,415 

Net change in fund balances	(11,023)	273,501	1,603 ,977	1,866,455	

Fund balances, beginning of year	
13,184	-	
13,184	
Fund balances, end of year	$	2,161	$	273,501 $ 1,603 , 977	$ 1,879,639 	

The accom pan ying notes are an integral part of these financial statem ents.
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Towne Park Community Development District Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities
Year ended September 30,	2016
Net change in fund balances - governmental funds	$	1,866,455

capital assets on the Statement of Net Position

Bond proceeds, which are recorded as other financing source in the governmental fund statements, are recognized as long-term liabilities in the Statement of Net		
Position.	(2,960,000)	

Developer advances and repayments are recorded as other financing sources and		
uses on the fund level fi nancial statements but are treated as a liability on the		
Statement of Activities. This is the amount that advance repayments exceed		
advances in the current year.	7,109	
The change in accrued interest between the current and prior year is recorded on the Statement of Activities but not on the fund financial statements.	
(49,541)	

Change in net position of governmental activities	
$	(280,908)	

Capital outlay, reported as expenditures in the government funds, is shown as

855,069

The accompanying notes are an integral part of these financial statements.
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Towne Parle Community Development District
Notes to Financial Statements

NOTE 1: NATURE OF ORGANIZATION

The Towne Park Community Development District (the "District") was established on November 3, 2014 pursuant to Chapter 190, Florida Statutes, by Polk County Ordinance 5476. The District has among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and the power to levy ad valorem taxes and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.

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

The District is governed by a Board of Supervisors ("Board" ), which is comprised of five members. The Supervisors are elected on an at large basis by the owners of the property within the District. Certain supervisors are affiliated with the Developer of the District, TP Land Investors, LLC. The Board of Supervisors of the District exercises all powers granted to the District pursuant to Chapter 190, Florida Statutes.

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

In evaluating how to define the government, for financial reporting purposes, management has considered all potential component unit s. The decision to include or exclude a potentia l component unit in the reporting entity was made by applying the criteria set forth by Generally Accepted Accounting Principles (GAAP} as defined by the Governmental Accounting Standards Board {GASB} in statements No. 14 and No. 61. Based on the foregoing criteria, no potential component units were found.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The accounting policies of the District conform to GAAP as applicable to governments in accordance with those promulgated by GASB. The following is a summar y of the more significant policies:

Government-wide and Fund Financial Statements

The basic financial stat ement s include both government-wide and fund financial statement s.

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Towne Parle Community Development District
Notes to Financial Statements

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

The government-wide financial statements (i.e., the Statement of Net Position and the Statement of Activities) report information on all the non-fiduciary activities of the primary government. Governmental activities, which normally are supported by assessments, are reported separately from business-type activities, which rely to a significant extent on fees and charges for support. The business­ type activities are reported separately in government-wide financial statements; however, at September 30, 2016, the District did not have any significant business-type activities. Therefore, no business-type activities are reported. Assessments and other items not properly included as program revenues (i.e., charges to customers or applicants who purchase, use, or directly benefit from goods or services) are reported as general revenues.

Separate financial statements are provided for governmental funds. Major individual governmental funds are reported as separate columns in the fund financial statement s.

Measurement Focus, Basis of Accounting and Basis of Presentation

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

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

Developer contributions and interest associated with the current fiscal period are all considered to be susceptible to accrual and have been recognized as revenues of the current fiscal period. All other revenue items are considered to be measurable and avail able only when cash is received by the District.

The District reports the following major governmental funds:

General Fund -The General Fund is the primary operating fund of the District. It is used to account for all financial resources except t hose required to be accounted for in other funds.

Debt Service Fund - The Debt Ser vice Fund is used to account for the accumulation of resources for the annual payment of principal and interest on long-term debt for the Series 2016 Bonds.

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Towne Parl< Community Development District
Notes to Financial Statements

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

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

For the year ended September 30, 2016, the District does not report any proprietary funds. As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statement s.

When both restricted and unrestricted resources are available for use, it is the District's policy to use restricted resources first,then unrestricted resources as they are needed. When committed, assigned, or unassigned resources are available for use in the governmental fund financial statements, it is the government's policy to use committed resources first,followed by assigned resources, then unassigned resources as needed.

Cash, Deposits and Investments

The District maintains deposits with "Qualified Public Depositories" as defined in Chapter 280, Florida Statutes. All Qualified Public Depositories must place with theTreasurer of the State of Florida securities in accordance with collateral requirements determined by the State's Chief Financial Officer. In the event of default by a Qualified Public Depository, the State Treasurer will pay public depositors all losses. Losses in excess of insurance and collateral will be paid through assessments between all Qualified Public Depositories.

Under this method, all the District's deposits are fully insured or collateralized at the highest level of security as defined by GASB, Statement Number 40, Deposits and Investment Disclosures (An Amendment of GASB, Statement Number 3}.

The District is authorized to invest in financial instruments as established by Section 218.415, Florida Statutes. The authorized investments include among others direct obligations of the U.S. Treasury; the Local Government Surplus Trust Funds as created by Section 218.405, Florida Statutes; SEC registered money market funds with thehighest credit quality rating from a nationally recognized rating agency; and interest-bearing time deposits or savings accounts in authorized financial institutions.

Capital Assets

Capital assets, which include primarily infrastructure assets (e.g., roads, sidewalks, water management systems and similar items), are reported in the governmental activities column in the government-wide financial statements. Capital assets are defined by the District as assets with aninitial/individualcost of more than $5,000 and an estimated useful life in excess of two years. Such assets are recorded at historical cost and estimated historical cost if purchased or constructed. Donated assets are recorded at estimated fair market value at the date of donation.

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Towne Park Community Development District
Notes to Financial Statements

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

The costs of normal maintenance and repair s that do not add to the value of the asset or materially ext end asset live s are not capit alized. Major outlays for capital assets and improvements are capitalized as projects are construct ed.

Property, plant and equipment of the primary government will be depreciated using the st raight -line method over the estimated useful lives. Estimated lives for financial reporting purposes once will be determined with items are placed into service.

In the governmental fund financial statements, amounts incurred for t he acquisition of capital assets are reported as fund expenditures. Depreciation expense isnot reported in the governmental fund financial st at em ents.

Long-Term Obligations

In the government-wide financial statements, long-term debt and other long-t erm obligations are reported as liabilities in the St atement of Net Position . Bond premiums and discounts are deferred and amortized over the life of the bonds using the st raight- li ne or effective interest method. Bonds payable are reported net of these premiums or discounts. Issuance costs, whether or not wit hheld from the actual debt proceeds received, are reported as current period expenses. Due to developer amounts represent developer advances that are expect ed to be repaid upon the issuance of long-t er m bonds.

In the fund financial stat ements, governmental fund types recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of t he debt issued is reported as other fi nancing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt are reported as other financing uses. Issuance costs, whether or note from the actual debt proceeds received, are reported as current period expenditures.

Deferred Outflows/Inflows of Resources

In addition to assets, th e statement of net position will sometimes include a separat e section for deferred outflows of resources . This separat e financial st at em ent element, deferred outflows of resources, repr esent s a consumpti on of net position that app lies to a futur e period(s) and so will not be recognized as an outflow of resources(expense/expenditure) until then. The Distri ct does not have any
of t hi s type of it em at September 30, 2016.

In addition to liabilit ies, the accompanying st at emen t s will somet imes report a separate sect ion for deferred inflows of resources. This separate financial st atemen t element, deferred inflows of resources, repres ents an acquisition of net position that appliesto a fut ur e period(s) and so w ill not be recognized as an infl ow of resourc es (revenue) until that time. The Distr ict has one item, deferred revenues,that
qualifi es for t his t reatment at September 30, 2016.

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Towne Park Community  Development District
Notes to Financial Statements

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Fund Equity

Net position in the government-wide financial statements is categorized as net investment in capital assets, restricted or unrestricted. Net investment in capital assets represents net assets related to infrastructure and property, plant and equipment net of any related debt. Restricted net posit io n represents the net position restricted by the District's bond covenants.

Governmental fund equity is classified as fund balance. Fund balance is further classified as nonspendable, restricted, committed, assigned or unassigned. Nonspendable fund balance cannot be spent because of its form. Restricted fund balance has limi t ations imposed by creditors, grantors, or contributors or by enabling legislation or constitutional provisions. Committed fund balance is a limitation imposed by the District board through approval of resolutions. Assigned fund balance is a limitation imposed by a designee of the District board. Unassigned fund balance in the General Fund is the net resources in excess of what can be properly classified in one of the above four categories. Negative unassigned fund balance in other governmental funds represents excess expenditures incurred over the amounts restricted, committed, or assigned to those purposes.

Budgets

The District is required to establish a budgetary system and an approved annual budget. Annual budgets are legally adopted on a basis consistent with GAAP for the General Fund. Any revision to the budget must be approved by the District Board. The budgets are compared to actual expenditures. In instances where budget appropriations and estimat ed revenues have been revised during the year, budget data presented in the financial statements represent final authorization amounts. The District follows these procedures in establishing the budgetary data reflected in the fi nancial statements:

Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
A public hearing is conducted to obt ain comments.
Prior to October 1, the budget is legally adopted by the District Boar d.
All budget changes must be approved by the District Board.
Budgets are adopted on a basis consistent with accounting principles generally accepted in the United States of America.

Estimates

The preparation offi nancial statements in conformity with accounting principles generally accepted in the U.S. requ ir esmanagement to make estimates and assumptions that affect certain reported amoun t s and disclosures. According ly, actua l results could differ from those estimates.

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Towne Parle Community Development District
Notes to  Financial Statements

NOTE 3: CONCENTRATION

A significant portion of the District's activity going forward is dependent upon the continued involvement of the Developer TP Land Investors, LLC, which currently owns the majority of the assessable property located within the District boundaries. The loss of support could potentially have a material adverse effect on the District's operations.

During the current year, the Developer contributed approximately $46,000 to the District for operations and maintenance costs. As of September 30, 2016, a total of $77,041 is due to the Developer. This amount is related to long-term developer advances to fund the construction of infrastructure. Due to developer activity for the year is detailed in Note 5.

NOTE 4: CAPITAL ASSETS

The following is a summary of changes in the capital assets for the year ended September 30, 2016:

Governmental Activities:
Capital assets not being depreciated

Beginning
Balance	Additions	Transfers

Ending Balance

Construction in progre_s_s_  _  _  _	$	-	$ 855,069	$	-	$ 855,069	

Total capital ass ' notbeing depreciated	
855,069	
855,069	

Governmental activities capital assets, net	
$	-	$ 855,069	
$	-	$ 855,069	

The total projected cost of the infrastructure has been estimated at approximately $8.8 million, of which approximately $2.45 million is expected to be financed with the proceeds from the 2016 Bond Series with the remainder to be funded by the Developer. The infrastructure will include stormwater management, water and sewer facilities, roadways, landscaping and hardscaping and amenities. Upon completion certain assets will be conveyed to other entities for ownership and/or maintenance.

NOTE 5: LONG-TERM LIABILITIES

On June 13, 2016, the District issued $2,960,000 of Special Assessment Bonds, Series 2016 consisting of
$675,000  2016  Term  Bonds  due  on November  1,  2028  with a fixed  interest  rate  of  5.00%, and
$2,285,000 of 2016 Term Bonds due on November 1, 2046 with a fixed interest rate of 5.75%. The Bonds were issued to finan ce the acquisition and construction of certain improvements for the benefit of the District . Interest is paid semiannually on each May 1 and November 1. Principal is paid serially commencing on November 1, 2017 through November 1, 2046.

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Towne Parle Community Development District
Notes to Financial Statements

NOTE 5: LONG-TERM LIABILITIES (Continued)

The Bond Indenture has certain restrictions and requirements relating principally to the use of proceeds to pay for infr astructure improvements and the procedure to be followed by the District on assessments to property owners. The District agreed to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the debt service reserve requirement. The District is in compliance with the requirements of the Bond Indenture.

The Bond Indenture requires that the District maintain adequate funds in the reserve account to meet the debt service reserve requirement as defined in the Indenture. The requirement has been met for the fiscal year ended September 30, 2016.

Long-t erm liability activity for the year ended September 30, 2016 was as follows:

Beginning		Ending	Due Within	
 	   Balance	Additions	Reductions	Balance	One Year	
Governmental Activities
Bonds Payable:
Series 2016	$	-	$	2,960,000	$	-	$  2,960,000	$
Due to Developer 	84,150	128,415       135,524	77,041 

$	84,150	$	3,088,415	$135,524	$  3,037,041	$

At September 30, 2016, the scheduled debt service requirements on long-t erm debt were as follows:

Year Ending September 30,	
Principal	
Interest	Total Debt
Service	
2017	$	$	145,871	$	145,871	
2018	45,000	164,013	209,013	
2019	45,000	161,763	206,763	
2020	45,000	159,513	204,513	
2021	50,000	157,138	207,138	
2022-2026	285,000	745,563	1,030,563	
2027-2031	360,000	663,793	1,023,793	
2032-2036	475,000	546,968	1,021,968	
2037-2041	630,000	389,562	1,019,562	
2042-2046	1,025,000	 	186,156	1,211,156	
$2,960,000	$3,320,340	$	6,280,340	

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Towne Parle Community Development District
Notes to Financial Statements

NOTE 6: RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruct ion of assets; errors and omissions; and natural disasters . The District maint ains commercial insurance coverage to mitigate the risk of loss. Coverage may not extend to all situations. Management believes such coverage is sufficient to preclude any significant uninsured losses to the District. The District has not incurred any losses or received any insurance claims exceeding the commercial coverage in the previous three years.

NOTE 7: MANAGEMENT COMPANY

The District has contracted with a management company to perform management advisory services , which include financial and accounting advisory services. Certain employees of the management company also serve as officers (Board appointed non-voting positions) of the District. Under the agreement, the District compensates the management company for management, account ing, financial reporting, and other administrative costs.

NOTE 8: COMMITMENTS

The District has $1.9 million remaining on contracts for various construction projects. The original contract amount totaled $2.4 million. The District expects the project to be completed in 2017.

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Required Supplemental Information (Other Than MD&A)

Towne Park Community Development District Budget to Actual Comparison Schedule - General Fund

Year ended September 30,

Revenues
Developer contributions Interest and other revenues
Total revenues

  2016	
Original and		Variance with Final Budget	Actual Amounts		Final Budget

$	180,700	$	45,771    $	(13 4, 929}
3 	3 
180,700	45,774	(134,926}

Expenditures
General government

105,700	56,797	48,903

 	Maintenance and operations	75,000 	75,000 
 Total expenditures	180,700 	56,797	123,903

Excess of revenues over expenditures

$	-	$	(11,023}  $	(11,023}

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i CRI

C A R R RIGGS & INGRAM
CPAs and Advisors

Carr, Riggs & Ingram, LLC Certified Public Accountants 500 Grand Boulevard
Suite 210
Miramar Beach, Florida 32550

(850) 837-3141
(850) 654-4619 (fax)
CRlcpa.com

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

To the Board of Supervisors
Towne Park Community Development District Polk County, Florida

We have audited, in accordance with theauditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund ofTowne Park Community Development District (hereinafter referred to as the "District"), as of and for the year ended September 30, 2016, and the related notes to the financial statements, which collectively comprise the District's basic fi nancial stat ements, and have issued our report dated June 8, 2017.

Internal Control Over Financial Reporting

In planning and performing our audit of the financial statem ent s, we considered the Distri ct' s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate  in  the  circumstances  for the  purpose  of  expressing  our  opinions  on  the  financial st at em ent s, but not for the purpose of expressing an opinion on the effectiveness of the Dist rict' s internal control. Accordingly, we do not express an opinion on the effectivenessof the District's internal control.

Our consideration of internal control was for the limited purpose described in the preceding paragraph and was not designed to identify all deficiencies in int ernal control that might be mat eria l weaknesses or signifi cant deficiencies, and ther efo re, material weaknesses or significant deficiencies may exist that were not identifi ed. However, as described below, we identified a deficiency in int ernal control that we consider to be a material weakness.

A deficiency in internal control exists when the design or operation of a cont rol does not allow management or employees,in the normal course of performing their assigned f unction s, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, suchthat there is a reasonable possibilit y that a material misstatement of the entity's financial st atements will not be prevented, or detected andcorrected on a timely basis. We consider the defi ciencyidentifi ed as IC2016-001 on the following page to be a material weakness.

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IC2016-001: Construction Contract Payables and Retainage

Condition: As part of our audit procedures, we identified approximately $125,000 of construction contracts payable and retainage that were not accrued on the District's financial statements as of September 30, 2016 even though the work was performed prior to year-end.

Criteria: Internal controls relating to the annual financial close process should be in place to provide reasonable assurance that expenditures are appropriate and properly accrued.

Cause: The construction expenditures were from one specific payment application and appear to have been overlooked when District staff was preparing its annual financial report. The payment application included a current amount due and retainage payable.

Effect: Construction contract liabilities, retainage payable and related expenditures on the financial statements were understated by approximately $125,000.

Recommendation: We recommend the District review construction vendor activity within a reasonable timeframe from year-end to ensure that all applicable contract liabilities are identified and recorded. This is particularly important when an active infrastructure construction project is in process.

Management Response: The District has already taken further steps to ensure that this oversight is avoided in the future.

Compliance and Other Matters

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

Purpose of this Report

The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the result of that testing, and not to provide an opinion on the effectiveness of the entity's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity's internal control and compliance. Accordingly, this communication is not suitable for any other purpose.
c	I( / J	i.1..e.
CARR, RIGGS & ING RAM, LLC

Miramar Beach, Florida June 8, 2017

- 24 -

g	CRI

C A R R RI GGS & INGRAM

Carr, Riggs & Ingram, LLC Certified Publi c Accountanst 500 Grand Boulevard

C PA s a n d Ad viso r s

Suite 210
Miramar Beach, Florida 32550

MANAGEMENT LETTER

(850) 837-3141
(850) 654-4619 (fax)
CRlcpa.com

To the Board of Supervisors
Towne Park Community Development District Polk County, Florida

Report on the Financial Statements

We have audited the financial statements ofTowne Park Community Development District ("District") as of and for the fiscal year ended September 30, 2016, and have issued our report thereon dated June 8, 2017.

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

Other Reports

We have issued our Independent Auditors' Report on Internal Contro l over Financial Reporting and Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards and Independent Accountant's Report on an examination conducted in accordance with A/CPA Professional Standards, Section 601, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in these reports, which are dated June 8, 2017, should be considered in conjunction with this management letter.

Prior Audit Findings

Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not corrective actions have been taken to address finding s and recommendation s made in the preceding annual financial audit report. There were no findings or recommendations made in t he preceding annual audit report.

Official Title and Legal Authority

Section 10.554(1)(i)4., Rul es of the Auditor Genera l, requires that the name or official tit le and legal authority for the primary governm ent and each component unit of the reporting entity be disclosed in this management lett er, unless disclosed in the notes to the financial statements. The information required is disclosed in the notes to the financial statements.

- 25 -

Financial Condition

Section 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, require that we apply appropriate procedures and report the results of our determination as to whether or not the District has met one or more of the conditions described in Section 218.503(1), Florida Statutes, and identification of the specific condition(s) met. In connection with our audit, we determined that the District did not meet any of the conditions described in Section 218.503(1), Florida Statutes.

Pursuant to Sections 10.554(1)(i)5.c. and 10.556(8), Rules of the Auditor General, we applied financial condition assessment procedures. It is management's responsibility to monitor the District's financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

Annual Financial Report

Section 10.554(1)(i)5.b. and 10.556(7), Rules of the Auditor General, require that we apply appropriate procedures and report the results of our determination as to whether the annual financial report for the District for the fiscal year ended September 30, 2016, filed with the Florida Department of Financial Services pursuant to Section 218.32(1)(a), Florida Statutes, is in agreement with the annual financial audit report for the fiscal year ended September 30, 2016. In connection with our audit, we determined that these two reports were in agreement.

Other Matters

Section 10.554(1)(i)2., Rules of the Auditor General, requires that we address in the management letter any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations.

Section 10.554(1)(i)3., Rules of the Auditor General, requires that we address noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance. In connection with our audit, we did not have any such findings.

Purpose of this Letter

Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, the Board of Supervisors, and applicable management, and is not intended to be and should not be used by anyone other than these specified parties.
C.u.,.., I? .i J I..L.('    
CARR, RIGGS & INGRAM, LLC

Miramar Beach, Florida June 8, 2017

- 26 -

1 CRI

C A R R RIGGS & INGRAM
CPAs and Advisors

Carr, Riggs & Ingram, LLC Certified Public Accountants 500 Grand Boulevard
Suite 210
Miramar Beach, Florida 32550

INDEPENDENT ACCOUNTANTS' REPORT

(850) 837-3141
(850) 654-4619 (fax)
CRlcpa.com

To the Board of Supervisors
Towne Park Community Development District Polk County, Florida

We have examined Towne Park Community Development District 's compliance with therequirements of Section 218.415, Florida Statutes, Local Government Invest ment Policies, during the year ended September 30, 2016. Management is responsible for the District' scompliance with those requirements. Our responsibility is to express an opinion on the District' s compliance based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, according ly, included examining, on atest basis, evidence about the District' scompliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the District's compliance with specified requirements.

In our opinion, the District complied, in all material respects, with theaforementioned requirements for the year ended September 30, 2016.

This report is intended solely for the information and use of management and the State of Florida Audit or General and is not intended to be and should not be used by anyone other than these specified parties.
c(lM.., If	.i	J	1..,.c 	
CARR, RIGGS & INGR AM, LLC

Miramar Beach, Flor ida June 8, 2017

- 27 -

Towne Park Community Development District

Payment Authorization Numbers 56 & 58

TOWNE PARK
COMMUNITY	DEVELOPMENT	DISTRICT

Payment Authorization #056
4/17/2017

Item	Payee	Invoice Number	General	
No.			Fund	

1	Carr Riggs & Ingram		
	Second Progress billing on audit - FY16	16255873	$ 3,000.00	
2	The Ledger			
	Legal Advertising - 03.01.2017	L060GOHXUJ	$	261.70	
	Legal Advertising - 04.05.2017	L060GOHZNN	$	257.83	
3	Hopping Green & Sams			
	Legal Services thru 02.28.2017	92673	$	141.13	
4	Supervisor fees			
	Brian Walsh - 04.13.17		$	200.00	
	Joel Adams - 04.13.17		$	200.00	
	Jeffrey Shenefield - 04.13.17		$	200.00	

TOTAL	$ 4,260.66

Chairperson

CRI

C A R R RIGGS & INGRAM
CPAs and Advisors
500 Grand Boulevard, Suite 210 Miramar Beach, FL 32550
850-837-3141
Federal ID 72-1396621

Towne Park COD
c/o Fishkind & Associates 12051 Corporate Blvd
Orlando, FL 32817

Invoice No. Date  Client No.

16255873 (include on check) 03/31/2017
20-05337.000

Professional seJVices rendered as follows:

Second progress billing on audit of financial statements
as of September 30, 2016.	$	3 000 00
-D l	?tlJD.o •;r,·1)r
\7k
Cc[vJ1Cl	'3 .'?,., ll

D - JO
4,600.00

31- 60
0.00

61 • 90
0.00

91 -120
0,00

Over 120
0,00

Balance
4,500.00

We accept most major credit cards. Please complete the following information or contact our office lo submit your payment over the phone.

Invoice Dale: 03/31/2017	Client No: 20•05337
Invoice Number:   16255873   Total Amount Due:  $	3,000.00	Towne Park COD

Name as it appears on card:-----------------------------------
Billing Address:  	

Card# 	Exp Date: 	Security#  	

Payment Amount: 	Signature:--------------------

Carr, Riggs & Ingram, LLC reserves the right to assess finance charges on past due balances up to the maximum amount allowed under State law,

1	BILLING PERIOD	12	ADVERTISER/ CLIENTNAME	
02/27/17 - 03/26/17 I TOWNE PARK COD	
23	TOTALAMOUNT DUE	'UNAPPLIED AMOUNT I 3	TERMS OF PAYMENT	
519.53	I NET 15 DAYS	
21 CURRENT AMOUNT DUE I 22	30   DAYS	I	60 DAYS	I	OVER90DAYS	
261.10   I	257.831	.oo I	.00	

TI1eLedger	NEwsCumF
LAKELAND, FL • WINTER HAVEN, FL TEL: (866) 470-7133 • FAX:(863)802-7825 FEDERAL ION:47-2464660

ADVERTISING INVOICE and STA_T l:MENT
   24     INVOICENUMBER    I 4    PAGE II I 6	BILLING DATE	6 BILLED ACCOUNT NUMBER I 7 ADVERTISER I CLIENTNUMBER 
997609	1	03/26/17	734340

8	8 - 310
TOWNE PARK COD JANE GAARLANDT
12051 CORPORATE BLVD

I 9	REMITTANCEADDRESS
THE LEDGER/ NEWS CHIEF
P.O. BOX 913004

 		ORLANDO FL	32817-1450

ORLANDO,FL 32891-3004

11111.111111IhII1111111111 IIII11I'' "I  11III11•1'I I' 1,,,,1•111'I

21009976090000□519533

PLEASE DETACH AND RETURN UPPER PORTION WITH YOUR REMITTANCE	SEE REVERSE SIDE FOR CREDIT CARD PAYMENT OPTIONS.
10 DATE	11 NEWSPAPER REFERENCE	
12113114	DESCRIPTION - OT1-tER COMMENTS/CHARGES	:!.!!	SAU SIZE
16 BILLED UNITS	TIMJc,i'T UN	19 GROSSAMOUNT	20 NETAMOUNT	
02/26
03/26
03/01	
997740
L060GOHXUJ LEGAL LI NE AD

M).l -- 6SI ,, 3
Q!><6lf
·
y\llll

YOUR ACCOUNT R RECEIVED BEFOR	BALANCE FORWARD
Finance Charge Towne Park Communi ty Development Distri LKL/FULL,LNET/FULL 0001 L060GOHXUJ
Jane Gaarlandt

OOo -  i:'.ff -0 I

13 .o-l 17

FLECTS A PAST DUE BALANCE WHI				257.83	
			lx53L	1	257.83	3.87
257.83	

CH MUST BE				
		THE 15TH TO AVOID SUSPENSI ON.				
STATEMENT OF ACCOUNT	AGING OF PASTDUEACCOUNTS	5al™

21 CURRENT NETAMOUNTDUE I 22	30DAYS	I	60 DAYS	OVER90DAYS	'UNAPPLIED AMOUNT ( 23 TOTALAMOUNT DUE

NEWS CHIEF••llffit4

Halifa

261.70	257.83	.oo	.oo	519.53

Questions on this Invoice call:
Tel: (866) 470-7133· Fax: (863) 802-7825

MEDIA GROUP

24 INVOICE NUMBER	25			
	BILLING PERIOD	
 	
I134340	I	lrnwNE PARK coo	
997609	02/27/17 -_ OJ/26/17			

THE LEDGER
LEGAL ADVERTISING	
FEDERAL ID 47 2464860	L060G0HZNN	
		
	:·•··jm.:Jil'JPJAcCouNJYtiUMJ:il! fJ; ,	
	734340
%"" - YE:t]?'"m EMlT:!PA1'3:0F1/\J)JJR9SSW:=t¼ z kR'i;t#:4	
JANE		
TOWNE PARK CDD	LAKELAND LEDGER PUBLISHING	
12051 CORPORATE BLVD	PO BOX 913004	
ORLANDO, FL 32817	ORLANDO, FL 32891	

$257.83

AMOUNT DUE

734340

BILLED ACCOUNT NUMBER:

$ 257.83

1 X53

ff\-Sb

L060G0HZNN

4/5/2017

NET AMOUNT

PAID

Size

BOARD OF SUPERVISORS MEETING

DescripU n

NEWSPAPER REFERENCE

DATE

PLEASE RETURN THIS INVOICE ALONG WTH YOUR REMITTANCE

AFFIDAVIT OF PUBLICATION
THE LEDGER
Lakeland, Polk County, Florida
STATE OF FLORIDA) COUNTY OF POLK)

I	Towne Park Commun l ly Dovol'ffoTi l•trlot
Board or Suporv/10,a• Meollno
ITha Board ol Supel\'lsors or tho Towne Park  Co mmunity   Development   Dlsl  ric t ("Board") 1YIII hold a maellng on Thursday,

or High and Homes located et 3020 S

April1 3 12017 nl 11:00 a.m. al lho olflces.

Flortde Ave. Sulla 101,Lekelond, Florida 33803. Tha mealing Is opan to Iha public and1YIII be conductad In accordenco With provision or Florida Law related to S!lecla l Dis t  ric  ts, The meeting may be connffu ed

Ilime, date and localfon staled on lhe r

In progress wlfhout addllfonol noclfe   lo

a

cord.

e-

tec iti'aY ·ag t1 d J ?t. 1 o r

1'IB:l'rto/r

Managor, FlshkJnd & Associates, Inc., lo­ caled al  12051 Corporate Blvd., O ,l an do

328 1,7 (407) 302-3256, during norms

buslnoss hours.

Thora may be occasions Whon aloll or

speaker lelephono.

Any por,ron requiring speolol accommodn­ llons al these meelfngs because ola dls­ ablllly or physical lmpolrmenl shouldcon­
' tact lhe Dfslrtct Oflf co at (407) 382-3256 at
lea,1 forty-eight (40) hours prior to the meolJ g.  II you are heartng or epeech Im­ p a ri e d,. please con1ac1 the Florida Rola)

i   other   lndrvlduels    may   pM lclpale     by

lnclfng the Dlslrtcl OflJce.

Service at 1-B00-95S•B77o, lor  old In con,

Each person who decides to appeal ony decision made by lhe Board wilh repse c t
to a ny   mailer considered al lhemealing la advised Iha! pereon wllJ noed a reoc rd ol Ihapr oceedi n gs end lhol accordlngly, the
,     person may nead to ensure lhela ve rbil-
llm rocord ol lho proceedings Is mado, In­ cluding Iha leellmony and evldenco upon which suchappoal Islo be based.

l3521 4-5;2017

Joo Maclaren 0/slrlct Manager

Before the undersigned authority personally appeared Leslie Colon, who on oath says that she is an Account Executive for Advertising at The Ledger, a daily newspaper published at Lakeland in Poll< County, Florida; that the attached copy of advertisement, being a

NOTICE OF MEETING

in the matter of BOARD OF SUPERVISORS

Conceming TOWNE PARI( CDD

was published in said newspaper in the issues of

4-5; 2017

1 8J!f

Affiant further says that said The Ledger is a newspaper published at Lakeland, in said Polk County, Florida, and that the said newspaper has heretofore been continuously published in said Polk County, Florida , daily, and has been entered as second class matter at the post office in Lakeland, in said Polk County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that he has neither paid nor promised any person, firm or corporation any discount, rebate, commission or refund for the purpose of securing
this advertisement f r  p	ation  in the said	er.
Signed . yzU.itt.L'ill(/J(
Leslie Colon
Advertising Account Executive Who is personally known to me.

Sworn to and subscribed before me this 5th day of April ,

r UA

?J:, ,
Nota1y Public

.n..	s

Ii""..,...",'"'

,	•;ctir. :i,,;-:.n	:A =J-"""'

(Seal)

{./· ·\   ,\   hlY COMMSI SIOMfl GG 003762

I

«:·,.	-  'c	EXPIRE$: Oclolm 17, 2020
,a'  "2,;krr;., \;,. Oond  cd: "fhru NotaryPublic Underwriters
"•'-=---===  =	i	...-,.	'q         ,epr

Hopping Green & Sams
Attorneys and Counselors

119 S, Monroe Street, Ste. 300
P.0. Box 6526
Tallahassee, FL 32314
850.222.7500
========== ====================== STATEMENT =================================
March 20, 2017
Towne Park Community Development District	Bill Number	92673	
c/o Fishkind & Associates 12051 Corporate Boulevard
Orlando, FL 32817	Billed through	02/28/2017	

General Counsel/Monthly Meeting			
TPKCDD	00001	RVW			

FOR PROFESSIONAL SERVICES RENDERED
02/24/17	JLE	Review auditor request letter; revise response; follow-up regarding same, 02/27/17	JLG	Prepare response to auditor letter.
Total fees for this matter

DISBURSEMENTS
Document Reproduction Postage

Total disbursements for this matter

hrs 0,70 hrs
$132.00

8.00
1.13

$9.13

MATTER SUMMARY

Earlywine, Jere L	0.20 hrs	310 /hr	$62.00	
Gillis, Jennifer L - Legal Assistant	0.70 hrs	100 /hr	$70,00	
TOTAL FEES	$132.00	
TOTAL DJSBURSEMENTS

TOTAL CHARGES FOR THIS MATTER	$9,13
----------
$141.13	

BILLING SUMMARY

Earlywine, Jere L	0.20 hrs	310	/hr	$62.00	
Gillis, Jennifer L - Legal Assistant	0,70 hrs	100	/hr	$70.00	

BP'\ .,651- : > .";i -<'.> :<
fA,lJ.t

TOTAL FEES TOTAL DISBURSEMENTS

$132.00
$9,13
---

M"' "., a1     1·7

TOTAL CHARGES FOR THIS BILL

Please include the bill number on vour check.

$141.13

Towne Park Community Development District

Date of Meeting: April 13, 2017

Board Members:	Attendance	Fee

Rennie Heath	 		 	$0

Scott Shapiro	 	$0 

Brian Walsh	 	X		 	$200

Joel Adams	 	X		$200	

Jeffrey Shenefield	X	 	$200	

 	$600	

Approved For Payment:
3::L---C'

 	"	I'   ,,	

<M r

Dater- ,

TOWNE PARK
COMMUNITY	DEVELOPMENT	DISTRICT

Payment Authorization #058
6/21/2017

Item No.

Payee	Invoice Number	General Fund

1	Hopping Green & Sams		
	Legal Services thru 04.30.2017	94144	$	635.00	
	Legal Services thru 05.31.2017	94365	$	236.00	
2	Fishkind & Associates, Inc.			
	DM and Website Fees 2017.06	20817	$ 1,745.81	
3	Landmark Engi11eeering			
	Prof. Services thru 06.03.2017	2140055.18	$	187.50	

TOTAL	$ 2,804.31

Chairperson

rlopping Green & Sams
Attorneys and Counselors
119 s. Monroe Street, Ste. 300
P.O. Box 6526
Tallahassee, FL 32314
850.222.7500
================================= STATEMENT ================================-

Towne Park Community Development District c/o Fishkind & Associates
12051 Corporate Boulevard
Orlando, FL 32817

May 31, 2017

Bill Number  94144 Billed through 04/30/2017

General Counsel/Monthly Meeting TPKCDD	00001	RVW

FOR PROFESSIONAL SERVICES RENDERED
04/07/17	RVW	Review correspondence from Gaarlandt and agenda items.

0.20 hrs

04/12/17	SSW

04/13/17	SSW

04/14/17	SSW

Prepare for board meeting.

Prepare for and attend board meeting by phone. Conduct meeting follow-up,

0.40 hrs

0.80 hrs

1.20 hrs

Total fees for this matter

$635.00

MATTER SUMMARY

	0.20 hrs	295	/hr	$59.00	
	2.40 hrs	240	/hr	$576.00	
TOTAL FEES				$635.00
----------	

Van Wyk, Roy Warren, Sarah S.

TOTAL CHARGES FOR THIS MATTER

$635.00

BILLING SUMMARY

Van Wyk, Roy	0.20	hrs	295	/hr	$59.00	
Warren, Sarah S.	2.40	hrs	240	/hr	$576.00	

TOTAL FEES

TOTAL CHARGES  FOR THIS BILL

$635,00
--------- ·-
$635.00

Please include the bill number on vour check.

Hopping Green & Sams
Attorneys and Counselors

119 S. Monroe Street
P.O. Box 6526 Tallahassee,  FL 32314
850.222.7500

=--============================== STATEMENT ===========================--====

May 31, 2017
Towne Park Community Development District c/o Fishkind & Associates
12051 Corporate Boulevard
Orlando, FL 32817

Project Construction 00103	TPKCDD	RVW

Our records indicate that the following bills are outstanding:

DATE
03/20/2017

BILL NO,
92674

AMOUNT BILLED
$59.00

AMOUNT DUE
$59.00

========

TOTAL BALANCE DUE:	$59.00

o - 30 Days
$0.00

31 -  60 Days
$0.00

61 -  90 Days
$59.00

91 - 120 Days
$0.00

over 121 Days
$0.00

1-lopping Green & Sam s
Attorneys and Counselors

June 1, 2017

Towne Park Community Development District c/o Mr. Joe MacLaren
Fishkind & Associates, Inc. 12051 Corporate Boulevard
Orlando, Florida 32817

Re:	Towne Park Community Development Distric t Dear Joe:
Enclosed please find our billing state ment on behalf of the Towne Park Communit y Development District (the "D is trict"), forservicesrendered and expenses inc urred through the month of April, 2017. Also enclose d is a re minder statement with a past due amount. Please remit payme nt as soon as possible.

If you have any questions, please feel free to give me a call.

Sincerely,
Roy Van Wyk
RVW/lk Enclosures

Post Office Box 6526	TallahasseeF,lorida 32314	119 S. MonroeStreet. Suite 300 (32301)	850.222.7500	8502. 24.8551 fax    1'/\'/\'lh. gslaw.com

Hopping Green & Sams
Attorneys and Counselors

119 S. Monroe Street, Ste, 300
P.O. Box 6526
Tallahassee, FL 32314
850.222.7500
---============================== STATEMENT ==========================-======
June 19, 2017
Towne Park Community Development District	Bill Number	94365	
c/o Fishkind & Associates 12051 Corporate Boulevard	Billed through	05/31/2017	
Orlando, FL 32817		

General Counsel/Monthly Meeting		
TPKCDD	00001	RVW		

FOR PROFESSIONAL SERVICES RENDERED
05/05/17	RVW	Confer with Gaarlandt regarding board meeting cancellation.

0.20 hrs

05/31/17	RVW

Review and edit audit report.

0.60 hrs

Total fees for this matter

$236.00

MATTER SUMMARY

Van Wyk, Roy	0.80 hrs

TOTAL FEES

TOTAL CHARGES  FOR THIS MATTER

295 /hr	$236.00

$236.00

$236.00

BILLING SUMMARY

Van Wyk, Roy

TOTAL FEES

TOTAL CHARGES FOR THIS  BILL

0.80 hrs

295  /hr	$236.00

$236.00
-----------
$236.00

Please include the bill number on vour check.

1--lopping Green & Sarns
/\ll orneys and Counselors

June 19, 2017

Towne Park Community Development District c/o Mr. Joe MacLaren
Fishkind & Associates, Inc.
1205 l Corporate Boulevard Orlando, Florida 32817

Re:	Towne Park Community Development District Dear Joe:
Enclosed please find our billing statement on behalf of the Towne Park Community
Development District (the"District"), for services rendered and expenses incu rred through the month of May, 2017. Please remit payment as soon as possible.

If you have any quest ions, please feel free to give me a call.

Sincerely,

/4/
Roy Van Wyk
RVW/lk Enclosure

Post Office Box 6526	Tallahassee,Flo,1cla 3 2314	I 19 S. Monror.SI ree l, Suile 300 (3230 I)	850.222.7500      850.224.1355! !;ix	1·11•1•1.,hg law,.con

Fishkind & Associates, Inc.
12051 Corporate Blvd.
Orlando, FL 32817

FISHKIND

••••

& ASSOCIAfES

Invoice#: J20817

•-- -•,-liII-R{

Towne Park OM
c/o Fishkind & Associates, Inc.
12051 Corporate Blvd.
Orlando, FL 32817

Invo•ice

6/16/2017

File: TowneParkDM

Towne Park COD

Services:	Amount	
District Management Fee: June 2017
Website Fee Postage	1,666.67
75.00
4.14	

Please include the invoice number on your remittance and submit to:
Fishkind & Associates, Inc.
12051 Corporate Blvd.
Orlando, FL 32817
Ph: 407-382-3256
Fax: 407-382-3254
www.fishkind.com

Balance Due	$1,745.81

!.

pltoeybowes.

Account Summary Report
Date Range: May 1, 2017 to May 31, 2017
Meter Group: All Meter.s
}lleter 1W00 -1376636 OLD at ORU.NDO, FL
  Meter 4WOO • 0347364 al ORLANDO, FL	
Meter Details
 	---, 'ric,itjilrf:-o c·	    .J>·'--'M tei:- l;iaJ'i)_e.--·-1·s_e.na1 N1_1fub  J   P P_J\,c:c□ u_nt·  N •hih" r.j
'ORI.ANDO,fL	!4WOO- 0347351	;03473	iZ.4976470

;of!l.AHOO,FL--

-- · ·- ,lw00--1376538OLD :nfm·e

!i491847o

:Towne Park COD

Account Summary
-t' Etz,_,->

a,:; ,:.::-_s_iib"!,,;c lln -:-4:.,- _-  pj  c;-- d  .-. -T□1:•,-Ct:IITirg"Blf   -::]
91	$4.141:1:

rt	GJand·To i	$4.140

Engineering & Surveying Corporation
8515 Palm Riwr RoarJ, Tampa, FL 33619-4315 I 813-621-7841 I Fax 813-621-6761 I mail@lesc.com I www.lesG.com

	PAGE 1 OF 1	
MR. JOE MACLAREN TOWNE PARK COD	INVOICE NO.	
2140055.18	
12051 CORPORATE BLVD.
ORLANDO, FLORIDA 32817	
ACCOUNT#	
50102	
	DATE	6/15/17	
For Professional Services Rendered Thru:	6/3/17	l! llillllllllllmlm1111rn111m1rn1111rnm1111m 1111rn1111111 Project:	TOWNE PARK COD
Location: CITY OF LAKELAND, FLORIDA

IN ACCORDANCE WITH OUR HOURLY SERVICES CONTRACT:

COORDINATE CONTRACTOR & ENGINEER ON CONSTRUCTION ISSUES; REVIEW & SIGN REQUISITIONS

1.5	Hours Professional Engineer  @	$125.00  /Hr.	$187.50

TOTAL THIS INVOICE	$187.50

INVOICES ARE DUE  UPON RECEIPT· NO DISCOUNTS. UNPAID  AMOUNTS WILL BEAR INTEREST AT 1-1/2% PER  MONTH,  WHICH IS AN ANNUAL PERCENTAGE RATE OF 18%. PURCHASER AGREES TO PAY ALL COSTS AND FEES FOR COLLECTION ON ACCOUNTS REMAINING UNPAID IN EXCESS OF :30 DAYS INCLUDING, BUT NOT LIMITED TO, ATTORNEY'S FEES AND ATTORNEY'S FEES ON APPEAL. ALL PAYMENTS RECEIVED ON PAST DUE ACCOUNTS WILL BE APPLIED FIRST TO INTEREST, THEN TO PRINCIPAL.

TOWNE PARK
COMMUNITY	DEVELOPMENT	DISTRICT

Payment Authorization #058
6/21/2017

Item No.

Payee	Invoice Number	General Fund

1	Hopping Green & Sams		
	Legal Services thru 04.30.2017	94144	$	635.00	
	Legal Services thru 05.31.2017	94365	$	236.00	
2	Flshklnd & Associates, Inc.			
	DM and Website Fees 2017.06	20817	$ 1,745.81	
3	Landmark Engi11eeering			
	Prof. Services thru 06.03.2017	2140055.18	$	187.50	

TOTAL	$ 2,804.31

Hopping Green & Sams
Attorneys and Counselors

119 S. Monroe Sime!, Ste. 300
P.O. Box 6526 Tallahassee, FL 32314
850.222.7500
=================================	STATEMENT =================================
May 31, 2017
Towne Park Community Development District	Bill Number	94144	
c/o Fishkind & Associates 12051 Corporate Boulevard	Billed through	04/30/2017	
Orlando, FL 32817		

General Counsel/ Monthly Meeting		
TPKCDD	00001	RVW		

FOR PROFESSIONAL SERVICES RENDERED
04/07/17	RVW	Review correspondence from Gaarlandt and agenda items.

0.20 hrs

04/12/17	SSW

04/13/17	SSW

04/14/17	SSW

Prepare for board meeting.

Prepare for and attend board meeting by phone. Conduct meeting follow-up.

0.40 hrs

0.80 hrs

1.20 hrs

Total fees for this matter

$635.00

MATTER SUMMARY

Van Wyk, Roy		0.20 hrs	295	/hr	$59.00	
Warren, Sarah S.		2.40 hrs	240	/hr	$576.00	
	TOTAL FEES				$635.00	

TOTAL CHARGES FOR THIS MATTER

$635.00

BILLING SUMMARY

Van Wyk, Roy	0.20 hrs	295	/hr	$59.00	
Warren, Sarah S.	2.40 hrs	240	/hr	$576.00	
mTAL FEES				$635.00	
TOTAL CHARGES FOR THIS BILL				$635,00	

Please include the bill number on vour check.

l--lopping Green & Sams
Attorneys and Counselors

119 S. Monroe Street
P.O. Box 6526
Tallahassee, FL 32314
B50.222.7500

================================= STATEMENT=================================
May  31, 2017
Towne Park Community Development District c/o Fishkind & Associates
12051 Corporate Boulevard
Orlando, FL 32817

Project  Construction 00103	TPKCDD	RVW

Our records indicate that the following bills are outstanding:

DATE
03/20/2017

BILL NO.
92674

AMOUNT BILLED
$59.00

AMOUNT DUE
$59.00

==========

TOTAL BALANCE DUE:	$59.00

o - 30 Days
$0.00

31-   60 Days
$0.00

61  •  90 Days
$59.00

91 • 120 Days
$0.00

Over 121 Days
$0.00

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Allorneys  and Counselors

June  l, 2017

Towne Park Community Development District c/o Mr. Joe MacLaren
Fishkind & Associates, Inc, 12051 Corporate Boulevard
Orlando, Florida 32817

Re:	Towne Park Community Development District Dear Joe:
Enclosed please find our billing statement on behalf of the Towne Park Community Development District (the "District"), for services rendered and expenses incurred through the month of April, 2017, Also enclosed is a reminder statement with a past due amount Please remit payment as soon as possible,

If you have any questions, please feel free to give me a call.

Sincerely,

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Roy  Van Wyk
RVW/lk Enclosures

f1lst Office i:bx 6 -i26	fo!1;1hiJssc(1. Florida 32314	119 S. Mrnuc.Ll SlrH,I. Suite 300(32301)	050.222.7500	050.?24.H:i:J\ iai	\'M,•,•.hgstc11·,.com

Hopping Green E1 Sams
Attorneys and Counselors

119 S. Monroe Slreet, Ste. 300
P.O. Box 6526 Tallahassee, FL 32314
850.222.1500
================================= STATEMENT=================================
June 19, 2017
Towne Park Community Development District	Bill Number	94365	
c/o Fishkind & Associates	Billed through	05/31/2017	
12051 Corporate Boulevard		
Orlando, FL 32817		

General Counsel/Monthly Meeting
TPKCDD	00001	RVW		

FOR PROFESSIONAL SERVICES RENDERED
05/05/17	RVW	Confer with Gaarlandt regarding board meeting cancellation.

0,20 hrs

05/31/17	RVW

Review and edit audit report.

0.60 hrs

Total fees for this matter

$236.00

MATTER SUMMARY

Van Wyk, Roy	0.80 hrs

TOTAL FEES

TOTAL CHARGES FOR THIS MATTER

295 /hr	$236,00

$236,00

$236.00

BILLING SUMMARY

Van Wyk, Roy

TOTAL FEES

O.BO hrs

295  /hr	$236,00

$236.00
-----------

TOTAL CHARGES FOR THIS BILL

$236,00

Please include the bill number on vour check.

I,--!(_;l)pinq Ci-rf'err {/ :::: •:]r1-·l\
/\l(o:ncr ;;n(! Cow1s11!or

June 19, 2017

Towne Park Community Developmenl District c/o Mr. Joe MacLaren
Fishkind & Associates, Inc.
12051 Corporate Boulevard
Orlando, Florida 32817

Re:	Towne Park Community Development District Dear Joe:
Enclosed please find Olli' billing statement on behalf of the Towne Park Community
Development District (the "District"), for services rendered and expenses incurred through the month of May, 2017. Please remit payment as soon as possible.

If you have any questions, please feel free to give me a call.

Sincerely,

/

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t:,--/
Roy  Van Wyk
RYW/lk Enclosure

,,,,\l Cifi-:1' 8-"J, (,'.>?.E.	1  1,1\·w,,f'l'. n,,··11 ,i  ·-r'.?1 -'! ,  :1::	••-1:'   ';!,:k :Ji'.l ;3?301·,	:; 1:;1.i.c ;,- ·:,J':/;	!'-'.;L-.:?:-\, :1.'i';, ti,	:-.-1;,r,L,

Fishkind & Associates, Inc.
12051 Corporate Blvd.
Orlando, FL 32817

FISHKIND

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& ASSOCIATES

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Towne Park OM
c/o Fishkind & Associates, Inc. 12051 Corporate Blvd.
Orlando, FL 32817

Invoice

Invoice#: I20817

6/16/2017

File: TowneParkDM

Towne Park COD

Services:	Amount	
District Management Fee: June 2017	1,666.67	
Website Fee	75.00	
Postage	4.14	

Please include the invoice number on your remittance and submit to:
Fishkind & Associates, Inc.
12051 Corporate Blvd.
Orlando, FL 32817
Ph: 407-382-3256
Fax: 407-382-3254
www.fishkind.com

Balance Due	$1,745.81

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8515 Palm Rivor Rodd, Tamp.:1. FL 33619 4315 I 813-021 7841 I Fax a13-fi21-6761 I mail(i_!'_1llHit.co111 I www.losc.com

	PAGE 1 OF 1	
MR. JOE MACLAREN	INVOICE		
TOWNE PARKCDD	NO.	2140055.18	
12051 CORPORATE BLVD.
ORLANDO, FLORIDA 32817	
ACCOUNT#	
50102	
	DATE	6/15/17	
For Professional Services Rendered Thru:	6/3/17	lmlllllilmlrnlem1111mm11111111r111HlllllillmH

Project:	TOWNE PARK COD

Location: CITY OF LAKELAND, FLORIDA

IN ACCORDANCE WITH OUR HOURLY SERVICES CONTRACT:

COORDINATE CONTRACTOR & ENGINEER ON CONSTRUCTION ISSUES; REVIEW & SIGN REQUISITIONS

1.5	Hours Professional Engineer @	$125.00  /Hr.	$187.50

TOTAL THIS INVOICE	$187.50

INVOtCI:;.$ ARE OUE UPON RECEIPT• NO DISCOUNTS.  UNPAID  AMOUNTS  WILL BEAR INTEREST  AT 1-1/21/i PER MONTH,  WHICH IS  AN ANNUAL PERCENTAGE RATE OF 18%. PURCHASER AGREES TO PAY ALL COSTS AND FEES FOR COLLECTION ON ACCOUNTS Rl:MAlNING UNPAID IN EXCESS OF 30 DAYS INCLUDING, E'.IUT NOT LIMITED TO, ATTORNEY'S FEl::S AND ATTORNEY'S FEES ON APPEAL. ALL PAYMENTS Rl!CEIVED ON PAST DUE ACCOUNTS WILL BE APPLIED FIRST TO INTEREST, THEN TO PRINCIPAL.

Towne Park Community Development District

Monthly Financials

(provided under separate cover)