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

The following is the proposed agenda for the Board of Supervisors' Meeting for the Towne Park Community Development District, scheduled to be held Wednesday, August 30, 2017 at 9:00 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 Confam 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 July 13, 2017 Board of Supervisors Meeting
Consideration of Resolution 2017-07, Annual Meeting Schedule for Fiscal Year 2017-2018

Business Matters
Consideration of Resolution 2017-08, Amending Resolution 2017-06 by Changing the Date of the Public Hearing on Adoption of the District's Fiscal Year 2017-2018 Budget
Public Hearing on the Adoption of the District's Fiscal Year 2017-2018 Budget
Public Comments and Testimony
Board Comments
Consideration of Resolution 2017-09, Adopting Fiscal Year 2017- 2018 Budget and Appropriating Funds
Coµ.sideration of Resolution 2017-10, Amending Resolution 2017-05 by Changing the Date of the Public Hearing on O&M Special Assessments.
Public Hearing on the Imposition of Operations and Maintenance Special Assessments
Public Comments and Testimony
Board Comments
Consideration of Resolution 2017-11, Imposing Special Assessments and Certifying· an Assessment Roll for Fiscal Year 2017-2018
Consideration of Revised Lawn Contract (added pond)

Consideration of Financial Advisory Agreement with Fishkind & Associates, Inc.
Consideration of Payment Authorization Nos. 59-62
Review of Monthly Financials

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 July 13, 2016 at 11:05 a.m. The Offices  of  Highland  Homes 3020 S. Florida Avenue, Suite I OJ Lakeland, Florida 33803

Board Members present at roll call:

Joel Adams Brian Walsh Jeff Shenefield Scott Shapiro

Also Present:

Jane Gaarlandt Joe MacLaren
William Viasalyers Sarah Wan-en

FIRST ORDER OF BUSINESS

Board Member Board Member Board Member
Board Member	(via phone)

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

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	April	13,	2017	Board	of Supervisors' Meeting

The Board reviewed the minutes of the April 13, 2017 Board of Supervisors' Meeting.

ON MOTION by Mr. Adams, seconded by Mr. Walsh, with all in favor, the Board approved the Minutes of the April 13, 2017 Board of Supervisors' Meeting.

FORTH ORDER OF BUSINESS	Consideration of Resolution 2017-
04,	Declaring	O&M	Special Assessments

Mr. MacLaren noted that the District's budget hearing is scheduled for today, however, the District Manager realized that they needed to go through the process of levying O& M Assessments to help fund the O&M budget, so Mr. MacLaren recommended rescheduling the budget public hearing to August 16, 2017. Mr. MacLaren requested the Board's approval of Resolution 2017-04, which will declare O&M Assessments and District staff will mail notice to the property owners affected by the proposed O&M Assessments and invite them to attend a public hearing. The District manager is proposing a budget of$165,000.00 in O&M expenses and the single family platted lots in Phase II will be assessed $566.00 if collected on roll and paid in November.

ON MOTION by Mr. Adams, seconded by Mr. Walsh, with all in favor, the Board approved Resolution 2017-04, Declaring O&M Special Assessments.

FIFTH ORDER OF BUSINESS		Consideration of Resolution 2017- 05, Setting Public Hearing on O&M Special Assessments.

This resolution sets the date, time, and location for the public hearing on the O&M Assessments.

ON MOTION by Mr. Adams, seconded by Mr. Walsh, with all in favor, the Board approved Resolution 2017-05, Setting August 16, 2017 at 11:00 a.m. at the current location as the Public Hearing Date on O&M Assessments.

SIXTH ORDER OF BUSINESS		Consideration of Resolution 2017- 06, Rescheduling Public Hearing

on Adoption of the District's Fiscal Year 2017-2018 Budget

This resolution reschedules the public hearing on the adoption of the Districts Fiscal Year 2017-2018 budget to August 16, 2017 at 11:00 a.m. at this location.

ON MOTION by Mr. Adams, seconded by Mr. Walsh, with all in favor, the Board approved Resolution 2017-06, Rescheduling the Public Hearing on the Adoption of the Dish·ict's Fiscal Year 2017-2018 Budget to August 16, 2017 at 11:00 a.m. at this Location.

A discussion took place about the time of the public hearing

ON MOTION by Mr. Adams, seconded by Mr. Walsh, with all in favor, the Board approved Resolution 2017-06, as amended, to hold the Public Hearing on the Adoption of the District's Fiscal Year 2017-2018 Budget to August 16, 2017 at 9:00 a.m. at the  current location.

Ms. Warren requested that the Board go back and reconsider Resolution 2017-05 to reschedule the public hearing on the O&M Assessments for 9:00 a.m.

ON MOTION to reconsider resolution by Mr. Adams, seconded by Mr. Walsh, with all in favor, the Board reconsidered and approved Resolution 2017-05, rescheduleing  the Public Hearing Date and time on O&M Assessments to August 16, 2017 at 9:00 a.m. at the current location.

SEVENTH ORDER OF BUSINESS	Consideration of Fiscal Year 2015-
2016 Audited Financial Statement

Mr. MacLaren noted that the financial statements were found to be an accurate reflection of the District's financial position. There was one finding considered material that came up in the Auditor's check which the District Manager has taken care of. Mr. MacLaren noted that the accounting was not accruing retainage on the District's financials related to a construction contract. That has been corrected now and the District manager will take efforts to be sure that does not happen in the future. Mr. MacLaren recommended a motion to accept the Audit.

ON MOTION by Mr. Adams, seconded by Mr. Walsh, with all in favor, the Board accepted the Fiscal Year 2015-2016 Audited Financial Statement.

EIGHTH ORDER OF BUSINESS	Consideration	of	Payment
Authorization Nos. 56 & 58

Mr. MacLaren requested Board approval of Payment Authorization Nos. 56 & 58.

ON MOTION by Mr. Adams, seconded by Mr. Walsh, with all in favor, the Board approved and ratified Payment Authorization Nos. 56 & 58.

NINTH ORDER OF BUSINESS

Review of Monthly Financials

Through the end of May the District had incurred approximately $35,000.00 in O&M expenses vs. a budget of $140,000.00. The District is under budget. There was no action required by the Board.

TENTH ORDER OF BUSINESS	Staff Reports

District Counsel - No Report

District Engineer - Not Present

District Manager- The next meeting is scheduled for August 16, 2017 at 9:00 a.m.

ELEVENTH ORDER OF BUSINESS	Supervisor Requests and Audience
Comments

There were no Supervisor requests or audience comments.

Mr. MacLaren asked if he needed to do anything regarding landscaping maintenance responsibilities. Mr. Adams indicated that the District did receive some bids and he is working on getting the scope completed and as soon as it is ready he will send the  District manager recommendation for who he thinks is the company to go with. Mr.

MacLaren asked when the District will be taking over that work and Mr. Adams said that the District can engage by September 1, 2017. Mr. MacLaren asked what the threshold was for bids and Ms. WatTen said it is $195,000.00 for maintenance contracts. Mr. Adams said the bids will be much lower than that and noted that the budgeted amount for landscaping and maintenance will be more than adequate.

TWELFTH 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 July 13, 2017 Board of Supervisor's Meeting for the Towne Park Community Development District.

Secretary / Assistant Secretary	Chai1man / Vice Chairman

Towne Park Community Development District

Resolution 2017-07

RESOLUTION 2017-07

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT ADOPTING THE ANNUAL MEETING SCHEDULE FOR FISCAL YEAR 2017-2018; AND PROVIDING FOR AN EFFECTIVE DATE

WHEREAS, the Towne Park Community Development District (the "District") is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, and situated within the City of Lakeland, Florida; and

WHEREAS, the District is required by Section 189.015, Florida Statutes, to file quarterly, semi-annually, or annually a schedule (including date, time, and location) of its regular meetings with local governing authorities; and

WHEREAS, further, in accordance with the above-referenced statute, the District shall also publish quaiierly, semi-annually, or annually the District's regular meeting schedule in a newspaper of general paid circulation in the county in which the District is located.

WHEREAS, the Board desires to adopt a Fiscal Year 2017-2018 annual meeting schedule attached as Exhibit A.

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

The Fiscal Year 2017-2018 annual meeting schedule attached hereto and incorporated by reference herein as Exhibit A is hereby approved and shall be published in accordance with the requirements of Florida law and also provided to applicable governing authorities.

This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED this 30th day of August, 2017.

ATTEST:		TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretaiy	Chairperson, Board of Supervisors

Exhibit A: Fiscal Year 2017-2018 Annual Meeting Schedule

EXHIBIT "A"

BOARD OF SUPERVISORS MEETING DATES TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2017-2018

The Board of Supervisors of the Towne Park Community Development District will hold their regular meetings for Fiscal Year 2017-2018 at the Offices of Highland Homes, 3020 S. Florida Avenue, Suite 101, Lakeland Florida 33803at11:00 a.m. unless othe1wise indicated as follows:

October 12, 2017
November 9, 2017
December 8, 2017
January 11, 2018
February 8, 2018
March 8, 2018
April 12, 2018
May 10, 2018
June 14, 2018
July 12, 2018
August 9, 2018
September 14, 2018

The meetings are open to the public and will be conducted in accordance with the provision of Florida Law for Community Development Districts. The meetings may be continued to a date, time, and place to be specified on the record at the meeting. A copy of the agenda for these meetings may be obtained from 12051 Corporate Blvd., Orlando, Florida 32817 or by calling (407) 382-3256.

There may be occasions when one or more Supervisors or staff will participate by telephone. Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Office at (407) 382- 3256 at least 48 hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) I 1-800-955-8770 (Voice), for aid in contacting the District Office.

A person who decides to appeal any decision made at the meeting with respect to any matter considered at the meeting is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.

District Manager

Towne Park Community Development District

Resolution 2017-08

RESOLUTION 2017-08

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 2017-06 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 20I7-2018; and

WHEREAS, the Board of Supervisors considered said proposed budget and approved Resolution 2017-06, approving the budget for the Dish·ict and set the public hearing thereon for August 16, 20 I 7, at 900 am at the offices of Highland Homes, 3020 S. Florida Avenue, Suite IOI, 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 August 16, 2017 to August 30, 2017 at 9:00 am at the offices of Highland Homes, 3020 S. Florida Avenue, Suite IOI, 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 2017-06 is hereby amended to change the date of the public hearing on the adoption of the proposed fiscal year 2017-2018 budget to:

Date:

Hour: Place:

August 30, 2017

9:00 am
Offices of Highland Homes
3020 S. Florida Avenue, Suite 101
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 Resolution 20 I7-06 shall remain unchanged and in full force and effect.

PASSED AND ADOPTED this 30th day of August, 2017.

ATTEST:	TOWNE PARK COMMUNITY
DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

Towne Park Community Development District

Resolution 2017-09

RESOLUTION 2017-09

THE ANNUAL APPROPRIATION RESOLUTION OF THE TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT ("DISTRICT") RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2017, AND ENDING SEPTEMBER 30, 2018; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

)

WHEREAS, the District Manager has, prior to the fifteenth (15th day in June, 2017, submitted to the Board of Supervisors ("Board") of the Towne Park Community Development District ("District") proposed budget ("Proposed Budget") for the fiscal year beginning October 1, 2017 and ending September 30, 2018 ("Fiscal Year 2017-2018") along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget, the District filed a copy of the Proposed Budget with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and

WHEREAS, the Board set August 30, 2017, as the date for a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the District Manager posted the Proposed Budget on the District's website at least two days before the public hearing; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1'1 of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year; and

WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.

NOW, THEREFORE, BE IT SUPERVISORS OF THE DEVELOPMENT DISTRICT:

RESOLVED	BY	THE		BOARD	OF TOWNE	PARK	COMMUNITY

SECTION 1. BUDGET

The Board has reviewed the Proposed Budget, a copy of which is on file with the office of the District Manager and at the District's Local Records Office, and hereby approves ce1tain amendments thereto, as shown in Section 2 below.

The Proposed Budget, attached hereto as Exhibit "A," as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes ("Adopted Budget"), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.

The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District's Local Records Office and identified as "The Budget for the Towne Park Community Development District for the Fiscal Year Ending September 30, 2018."

The Adopted Budget shall be posted by the District Manager on the District's official website within thhty (30) days after adoption, and shall remain on the website for at least 2 years.

SECTION 2. APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2017- 2018,  the sum of$ 	to be raised by the levy of assessments and otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND DEBT SERVICE FUND(S) TOTAL ALL FUNDS

$ 	_

_

_

SECTION 3. BUDGET AMENDMENTS

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2017-2018 or within 60 days following the end of the Fiscal Year 2017-2018 may amend its Adopted Budget for that fiscal year as follows:

The Board may authorize an increase or decrease in line item appropriations within a fund by motion recorded in the minutes if the total appropriations of the fund do not increase.

The District Manager or Treasurer may authorize an increase or decrease in line item appropriations within a fund if the total appropriations of the fund do not increase and if the aggregate change in the original appropriation item does not exceed $10,000 or 10% of the original appropriation.

By resolution, the Board may increase any appropriation item and/or fund to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.

Any other budget amendments shall be adopted by resolution and consistent with Florida law.

The District Manager or Treasurer must establish administrative procedures to ensure that any budget amendments are in compliance with this Section 3 and Section 189.016, Florida Statutes, among other applicable laws. Among other procedures, the District Manager or Treasurer must ensure that any amendments to budget under subparagraphs c. and d. above are posted on the District's website within 5 days after adoption and remain on the website for at least 2 years.

SECTION 4. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 30TH DAY OF AUGUST, 2017.

ATTEST:	TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary

By: 		-

Its:

Towne Park  COD Proposed FY2017-2018 O&M Budget

FY 2017-2018
Budget

Revenues
Developer Contributions	$  165,000.00
Net Revenues	$    165 ,000.00
General & Administrative Expenses
Supervisor Fees	$	4,000.00	
D&O Insurance	2,500.00	
Trustee Services	4,000.00	
Management	25,000.00	
Engineering	10,000.00	
District Counsel	25,000.00	
Audit	5,000.00	
Travel and Per Diem	500.00	
Telephone	200.00	
Postage & Shipping	150.00	
Copies	1,500.00	
Legal Advertising	5,000.00	
Bank Fees	250.00	
Miscellaneous	8,250.00	
Web Site Maintenance	900.00	
Dues, Licenses, and Fees	250.00	
Electric/Streetlighling	5,000.00	
Aquatic Contract	10,000.00	
General Liability Insur ance	2,500.00	
Property Insurance	5,000.00	
Clubhouse & Pool Maintenance	10,000.00	
Landscaping Maintenance & Material	40,000.00	
Total General & Administrative Expenses	$ 165 ,000.00	

Total Expenses	$ 165,000 .00	
Income (Loss) from Operations	$	

Other Income (Expense)
Interest Income	$
Total Other Income (Expense)	$
Net Income (Loss)	$

Towne Park COD
Proposed FY 2017-2018 COD O&M Assessments

   O&M Assmt. 
ERU 12er Lot
Planned	{Ph. Ill or Acre	
Total	Net O&M
Assmt.	Net O&M
mt!.	12er Lot/Acre
if Paid in	Gross O&M
Assmt. 12er	
	Develo12ment Phase	Stage	Lots	Acreage	{Ph. Ill}	ERUs	12er Phase	Lot/Acre	November*	Lot/Acre**	
	Phase II Single-Family	Platted Lots	148	NIA	1.00	148.0	$81,292	$549.27	$566.26	$590.61	
	Phase II Single-Family	Planned Lots	130	NIA	0.50	65.0	$35,702	$274.63	$283.13	$295.31	
	Phase Ill Single-Family	Agricultural	NIA	437	0.20	87.4	i48,006	$109.85	$113.25	$118.12	
	Totals		278	437		300.4	$165,000				
*Amount paid if the property owner takes full advantage of the statutory 4.0% early payment discount.
**Values include a total 7.0% gross-up to account for the early payment discount and the fees charged by the county property appraiser and/or tax collector.

Towne Park Community Development District

Resolution 2017-10

RESOLUTION 2017-10

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT RE-SCHEDULING AND NOTICING THE PUBLIC HEARING ON THE IMPOSITION OF SPECIAL ASSESSMENTS AND AMENDING RESOLUTION 2017-05 SETTING THE PUBLIC HEARING THEREON

WHEREAS, on July 13, 2017, the Board of Supervisors adopted Resolution 2017-04 declaring; and imposing special assessments upon lands located within the District and specially benefited by the operations and maintenance of District improvements ("O&M Special Assessments"); and

WHEREAS, on July 13, 2017, the Board of Supervisors adopted Resolution 2017-05 setting a public hearing on the imposition of O&M Special Assessments for August 16, 2017, at 9:00 am at the offices of Highland Homes, 3020 S. Florida Avenue, Suite IOI, 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 imposition of O&M Special Assessments from August 16, 2017 to August 30, 2017 at 9:00 am at 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:

Resolution 2017-05 is hereby amended to change the date of the public hearing on the imposition ofO&M Special Assessments to:

Date:

Hour: Place:

August 30, 2017

9:00 am
Offices of Highland Homes
3020 S. Florida Avenue, Suite 101
Lakeland, Florida 33803

Notice of the public hearing on the imposition ofO&M Special Assessments shall be provided as required by Chapter 190, Florida Statutes and in the manner prescribed in Florida Law.

All other provisions of Resolution 2017-05 shall remain unchanged and in full force and effect.

PASSED AND ADOPTED this 30th day of August, 2017.

ATTEST:	TOWNE PARK COMMUNITY
DEVELOPMENT DISTRICT

Secretary/Assistant Secreta1y	Chairperson, Board of Supervisors

Towne Park Community Development District

Resolution 2017-11

RESOLUTION 2017-11

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT; IMPOSING SPECIAL ASSESSMENTS; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS, INCLUDING BUT NOT LIMITED TO PENALTIES AND INTEREST THEREON; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Towne Park Community Development District (the "District") is a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes for the purpose of providing, operating and maintaining infrastructure improvements, facilities and services to the lands within the District; and

WHEREAS, the District is located in Polk County, Florida (the "County"); and

WHEREAS, the District has constmcted or acquired various infrastructure improvements and provides certain services in accordance with the District's adopted capital improvement plan and Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors of the District ("Board") hereby determines to undertake various operations and maintenance activities described in the District's budget(s) for Fiscal Year 2017-2018 ("Budget"), attached hereto as Exhibit "A" and incorporated by reference herein; and

WHEREAS, the District must obtain sufficient funds to provide for the operation and maintenance of the services and facilities provided by the District as described in the District's Budget; and

WHEREAS, the provision of such services, facilities, and operations is a benefit to lands within the District; and

WHEREAS, Chapter 190, Florida Statutes, provides that the District may impose special assessments on benefitted lands within the District; and

WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to which such special assessments may be placed on the tax roll and collected by the local tax collector ("Unifo1m Method"); and

WHEREAS, the District has previously evidenced its intention to utilize this Uniform Method; and

WHEREAS, the District has approved an Agreement with the Property Appraiser and Tax Collector of the County to provide for the collection of the special assessments under the Unifo1m Method; and

WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect on the tax roll pmsuant to the Uniform Method and which is also indicated on Exhibit "A"; and

WHEREAS, it is in the best interests of the District to proceed with the imposition of the special assessments for operations and maintenance in the amount set forth in the Budget; and

WHEREAS, it is in the best interests of the District to adopt the Assessment Roll of the Towne Park Community Development District (the "Assessment Roll") attached to this Resolution as Exhibit "B" and incorporated as a material part of this Resolution by this reference, and to certify the Assessment Roll to the County Tax Collector pursuant to the Unifo1m Method; and

WHEREAS, it is in the best interests of the District to pennit the District Manager to amend the Assessment Roll, certified to the County Tax Collector by this Resolution, as the Property Appraiser updates the property roll for the County, for such time as authorized by Florida law.

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

SECTION 1. BENEFIT. The prov1s10n of the services, facilities, and operations as described in Exhibit "A" confers a special and peculiar benefit to the lands within the District, which benefit exceeds or equals the costs of the assessments. The allocation of the costs to the specially benefitted lands is shown in Exhibits "A" and "B" and is hereby found to be fair and reasonable.

SECTION 2. ASSESSMENT IMPOSITION. Pmsuant to Chapter 190 of the Florida Statutes, and using the procedmes authorized by Florida law for the levy and collection of special assessments, a special assessment for operation and maintenance is hereby imposed and levied on benefitted lands within the District, and in accordance with Exhibits "A" and "B." The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be effective upon passage of this Resolution.

SECTION 3. COLLECTION. For the first fiscal year, the District shall collect the operation and maintenance special assessments directly from the landowners per the following payment schedule: 50% due by December 1, 2017, 25% due by February 1, 2018, and 25% due by May 1, 2018. Thereafter, the collection of the operation and maintenance special assessments shall be at the same time and in the same manner as County taxes in accordance with the Uniform Method. The District shall also collect its previously levied debt service assessments

pursuant to the Unifmm Method, as indicated on Exhibits "A" and "B." The decision to collect special assessments by any pmiicular method - e.g., on the tax roll or by direct bill - does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.

SECTION 4. ASSESSMENT ROLL. The District's Assessment Roll, attached to this Resolution as Exhibit "B," is hereby ce1iified  to the County Tax  Collector  and shall be collected  by the County Tax Collector in the same manner and time as County  taxes.  The  proceeds  therefrom shall be paid to the Towne Pm-k Community Development District.

SECTION 5. ASSESSMENT ROLL AMENDMENT. The District Manager shall keep apprised  of all updates made to the  County property roll by the Prope1iy Appraiser  after the date   of this Resolution, and shall amend the District's Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County prope1iy roll. After any amendment of the Assessment Roll, the District Manager shall file the updates in the  District records.

SECTION 6. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or  enforceability  of  the  remaining pmiions of this Resolution, or any part thereof.

SECTION 7. EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board of Supervisors of the Towne Pm-k Community Development District.

PASSED AND ADOPTED this 30th day of August, 2017.

TOWNE PARK
COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A: Exhibit B:

Budget Assessment Roll

Towne Park COD
Proposed FY2017-2018 O&M Budget

FY 2017-2018
Budget

Revenues
Developer Contributions	$   165,000.00
Net Revenues	$  165,000.00
General & Administrative Ex(;!enses

Supervisor Fees	$	4,000.00	
D&O Insurance	2,500.00	
Trustee Services	4,000.00	
Management	25,000.00	
Engineering	10,000.00	
District Counsel	25,000.00	
Audit	5,000.00	
Travel and Per Diem	500.00	
Telephone	200.00	
Postage & Shipping	150.00	
Copies	1,500.00	
Legal Advertising	5 ,000.00	
Bank Fees	250.00	
Miscellaneous	8,250 .00	
Web Site Maintenance	900.00	
Dues, Licenses, and Fees	250.00	
Electric/Streetlighting	5,000.00	
Aquatic Contract	10,000.00	
General Liability Insurance	2,500.00	
Property Insurance	5,000.00	
Clubhouse& Pool Maintenance	10,000.00	
Landscaping Maintenance & Material	40,000 .00	
Total General & Administrative Expenses	$ 165,000.00	

Total Expenses	$ 165,000.00

Income (Loss) from Operations	$

Other Income (Expense)
Int erest Income	$
Total Other Income (Expense)	$
Net Income (Loss)	$

Towne Park CDD
Proposed FY 2017-2018 CDD O&M Assessments

   O&M Assmt. 
ERU 1:1er Lot		NetO&M NetO&M 1:1er Lot/Acre Gross O&M Planned	{Ph. II} or Acre	Total		Assmt.	if Paid in	Assmt. 1:1er
	Develo1:1ment Phase	Stage	Lots	Acreage	(Ph. Ill}	ERUs	1:1er Phase	Lot/Acre	November*	Lot/Acre••		
	Phase II Single-Family	Platted Lots	148	N/A	1.00	148.0	$81,292	$549.27	$566.26	$590.61		
	Phase II Single-Family	Planned Lots	130	N/A	0.50	65.0	$35,702	$274.63	$283.13	$295.31		
	Phase Ill Single-Family	Agricultural	N/A	437	0.20	87.4	i48,006	$109.85	$113.25	$118.12		
	Totals		278	437		300.4	$165,000					
*Amount paid if the property owner takes full advantage of the statutory 4.0% early payment discount.
**Values include a total 7.0% gross-up to account for the early payment discount and the fees charged by the county property  appraiser  and/or tax collector.

Towne Park Community Development District

Revised Lawn Contract

AGREEMENT FOR LANDSCAPE MAINTENANCE SERVICES BETWEEN TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT AND
FLORALAWN, INC.

THIS AGREEMENT (the "Agreement") is made and entered into this 1st day of August, 2017, by and between:

Towne Park Community Development District, a local unit of special-purpose government located within the City of Lakeland, Florida, and whose mailing address is 12051 Corporate Boulevard, Orlando, Florida 32817 (the "District"); and

Floralawn, Inc., a Florida profit corporation, whose address is 734 South Combee Road, Lakeland, Florida 33804 (the "Contractor").

RECITALS

WHEREAS, the District was established pursuant to Chapter 190, F'lorida Statutes, as amended, for the purpose of plauning, financing, constructing, operating and/or maintaining certain infrastructure improvements; and

WHEREAS, the District owns, operates and maintains the certain areas identified as Towne Park Estates II A, identified on the map attached as Exhibit A; and

WHEREAS, the District desires to retain an independent contractor to provide landscape maintenance services for such areas, the scope of which is as more particularly described in the attached Exhibit B, which is incorporated herein by this reference (the "Services"); and

WHEREAS, Contractor represents that it is qualified, willing and able  to  provide  landscape maintenance services and desires to provide the Services to the District; and

WHEREAS, the District and Contractor warrant and agree that they have all right, power and authority to enter into and be bound by this Agreement.

Now, THEREFORE, in consideration of the recitals, agreements, and mutual covenants contained herein, and other good and valuable consideration, the receipt  and sufficiency  of which are hereby acknowledged by the parties, the parties agree as follows:

SECTION 1.  REcITALS. The recitals so stated are true and con-ect and by this reference are incorporated into and fmm a material part of this Agreement.

SECTION 2.	DESCRIPTION OF WORK AND SERVICES.

The duties, obligations, and responsibilities of the Contractor are to provide the services, labor and materials necessary for the provision of landscape maintenance services within the District as described herein and in Exhibit B.

I

This Agreement grants to Contractor the right to enter the lands that are subject to this Agreement, for those purposes described in this Agreement, and Contractor hereby agrees to comply with all applicable laws, rules, ordinances and regulations affecting the provision of the Services.

Contractor shall be solely responsible for the means, manner and methods by which its duties, obligations and responsibilities are met to the satisfaction of the District and in accordance with this Agreement. Contractor shall use industry best practices and procedures when carrying out the Services.

The Contractor shall report directly to the District's Designee who shall be the Dish·ict Manager. Contractor acknowledges and agrees that the District has the right to request that Contractor's employees and/or subcontractors who do not behave in a professional manner, in the District's sole determination, be removed from the Contractor's landscape maintenance team(s) providing the Services to the District.

Contractor shall use all due care to protect the property of the District, its residents and landowners from damage and shall follow and be responsible for the Services set forth in Exhibit B. Conh·actor agrees to repair any damage resulting from Contractor's activities and work within twenty-four (24) hours. This includes, but is not limited to, damage caused by Contractor to irrigation heads and lines, landscape, grasses or any other District or landowner properties or improvements.

In the event that time is lost due to heavy rains ("Rain Days"), the Contractor agrees to reschedule its employees and divide their time accordingly to complete all scheduled services during the time during the same week as any Rain Days. The Contractor shall provide services on Saturdays if needed to make up Rain Days, but shall not provide services on Sundays.

SECTION 3.	COMPENSATION; TERM.

As compensation for the completion of the Services, the District agrees to pay the Contractor in twelve (12) monthly payments of One Thousand Nine Hundred Twenty Five Dollars and 00/Cents ($1,925.00), not to exceed a total amount of Twenty Three Thousand One Hundred Dollars and 00/Cents ($23,100.00) per year, which amount includes all tools, labor and materials necessary to complete the Services.

The term of this Agreement shall be from August 1, 2017 through July 31, 2018, unless terminated earlier in accordance with the tem1s of this Agreement. At its sole option, the District may elect, by providing written notice to Contractor, to extend this Agreement for an additional year term.

If the District should desire additional work or services not provided in Exhibit B, or to add additional lands to be maintained, the Contractor agrees to negotiate in good faith to undertake such additional work or services. Upon successful negotiations, the

2

paiiies shall agree in writing to a work order, addendum, addenda, or change order to this Agreement as set forth in Section 4.

The District may require, as a condition precedent to making any payment to the Contractor that all subcontractors, material men, suppliers or laborers be paid and require evidence, in the fmm of Lien Releases or paiiial Waivers of Lien, to be submitted to the District by those subcontractors, material men, suppliers or laborers, and fmiher require that the Contractor provide an Affidavit relating to the payment of said indebtedness. Fmiher, the District shall have the right to require, as a condition precedent to making any payment, evidence from the Contractor, in a form satisfactory to the District, that any indebtedness of the Contractor, as to services to the District, has been paid and that the Contractor has met all of the obligations with regard to the withholding and payment of taxes, Social Security payments, Workmen's Compensation, Unemployment Compensation contributions, and similai· payroll deductions from the wages of employees.

The Contractor shall maintain records confmming to usual accounting practices. Further, the Contractor agrees to render an invoice to the District, in writing, which shall be delivered or mailed to the District by the fifth (5th) day of the next succeeding month. This invoice is due and payable within fo1iy-five (45) days of receipt by the District, or in accordance with Florida's Prompt Payment Act, whichever is sooner. The invoice shall include such supporting information as the District may reasonably require the Contractor to provide.

SECTION 4. CHANGE ORDERS. Contractor understands that  the  Services  may  be reduced, enlai·ged or otherwise modified in scope. If any additional Services ai·e proposed beyond those identified in this Agreement, Contractor shall perform them but only after receiving a written change order from the District. Contractor shall cooperate with and assist the District in preparing and determining the scope of any change order. In the event the service represents a unit price set forth in this Agreement, Contractor's compensation shall be adjusted for the added or deducted services proposed by the change order in accordance with the unit prices established in the Agreement. In the event the service is not represented by a lump SU!ll or unit price set forth in this Agreement, Contractor's compensation shall be adjusted for the added or deducted services proposed by the change order as reasonably dete1mined by the District in conference with the Contractor. All change orders shall be in the fmm attached hereto as Exhibit C.
SECTION 5.  WARRANTY  AND COVENANT.  The Contractor  wairnnts to the District  that all materials furnished under this Agreement shall be new, and that all services and materials shall be of good quality, free from faults and defects. The Contractor hereby warrants any materials and Services for a period of one (I) year after acceptance by the District or longer as required under Florida law. Contractor further wmTants to the District those wananties which Contractor otherwise wmTants to others and the duration of such wananties is as provided by Florida law unless longer guarantees or warranties are provided for elsewhere in the Agreement (in which case the longer periods of time shall prevail). Contractor shall replace or repair wmTanted items to the District's satisfaction and in the District's discretion. Neither final

3

acceptance of the Services, nor monthly or final payment therefore, nor any provision of the Agreement shall relieve Contractor of responsibility for defective or deficient materials or Services. If any of the Services or materials are found to be defective, deficient or not in accordance with the Agreement, Contractor shall correct remove and replace it promptly after receipt of a written notice from the District and correct and pay for any other damage resulting there from to District prope1iy or the prope1iy of landowners within the District. Contractor hereby certifies it is receiving the prope1iy in its as-is condition and has thoroughly inspected the prope1iy and addressed any present deficiencies, if any, with the District.

Contractor hereby covenants to the District that it shall perform the Services: (i) using its best skill and judgment and in accordance with generally accepted professional standards and (ii) in compliance with all applicable federal, state, county, municipal, building and zoning, land use, environmental, public safety, non-discrimination and disability accessibility laws, codes, ordinances, rules and regulations, including, without limitation, all professional registration (both co1porate and individual) for all required basic disciplines that it shall perfmm. Contractor hereby covenants to the District that any work product of the Contractor shall not call for the use nor infringe any patent, trademm-lc, services mark, copyright or other proprietary interest claimed or held by any person or business entity absent prior written consent from the District.

SECTION  6   INSURANCE.    Contractor  shall, at its own expense, maintain insurance during the perfmmance of its Services under this Agreement, with limits of liability not less than the following:

Workers Compensation

General Liability
Bodily Jnjwy (including contractual) Property Damage (including contractual)

Automobile Liability (if applicable)
Bodily Injury and Property Damage

statutmy

$1,000,000/$2,000,000
$1,000,000/$2,000,000

$1,000,000

Contractor shall provide the District with a certificate naming the District,  its  officers, agents and employees as an additional insured prior to the commencement of the Services. At no time shall Contractor be without insurance in the above ainounts. No policy  may  be  canceled during the tenn of this Agreement  without at least thi1iy  (30) days written  notice to the District.   An insurance ce1iificate evidencing  compliance  with this section shall  be sent to the District prior to the commencement of any performance under this Agreement.

SECTION 7. INDEPENDENT CONTRACTOR.  It is understood  and agreed that at all times the relationship of Contractor and its employees, agents, subcontractors or anyone directly or indirectly employed by Contractor to the District is the relationship of an independent contractor and not that of an employee, agent, joint venturer or pminer of the District. Nothing in this Agreement shall be interpreted or construed as creating or establishing the relationship of employer and employee between the District and Contractor or any of its employees, agents, subcontractors or anyone directly or indirectly employed by Contractor. The pmiies acknowledge that Contractor is not an employee for state or federal tax purposes. Contractor shall hire and pay

4

all of Contractor's employees, agents, subcontractors or anyone directly or indirectly employed by Contractor, all of whom shall be employees of Contrnctor and not employees of Dish·ict and at all times entirely under Contractor's supervision, direction and conh·ol.

In pmiicular, District will not: i) Withhold FICA (Social Security) from Contractor's payments; ii) Make state or federal unemployment insurance contributions on Contractor's behalf; iii) Withhold state or federal income tax from payment to Contractor; iv) Make disability insurance contributions on behalf of Contractor; or v) Obtain workers' compensation insurance on behalf of Contractor. Moreover, Contractor shall provide the District with a completed IRS W-9 fmm prior to the commencement of the Services.

SECTION   8.	COMPLIANCE    WITH    LAWS,    ORDINANCES   AND   REGULATIONS.	In
perfmming its obligations under this Agreement, Contractor and each of its employees, agents, subcontractors or anyone directly or indirectly employed by Contractor shall comply with all applicable laws, ordinances, rules, regulations, and orders of any public or govermnental authority having appropriate jurisdiction, including all laws, regulations and rules relating to immigration and/or the status of foreign workers. Contractor shall initiate, maintain, and supervise all safety precautions and programs in connection with its obligations herein. Contractor shall ensure that all of Contractor's employees, agents, subcontractors or anyone directly or indirectly employed by Contractor observe Contractor's rules and regulations of safety and conduct. Contractor shall take all reasonable precautions for the safety of and shall provide all reasonable protection to prevent dmnage, injury or loss to all of its employees, agents and subcontractors performing its obligations herein and other persons who may be affected, and any material, equipment and other property. Contractor shall remedy all damage or loss to any property caused in whole or in pmi by Contractor, its employees, agents, subcontractors or anyone directly or indirectly employed by Contractor, or by anyone for whose acts Contractor may be liable. Contractor shall indemnify District for all dmnage or losses it may incur or be exposed to because of Contractor or any of its employees, agents, subcontractors or anyone directly or indirectly employed by Contractor's failure to comply with the provisions contained herein.

SECTION 9.	DEFAULT AND PROTECTION AGAINST THIRD PARTY INTERFERENCE. A
default by either party under this Agreement shall entitle the other to all remedies available at law or in equity, which may include, but not be limited to, the right of actual damages and/or specific performance. The District shall be solely responsible for enforcing its rights under this Agreement against any interfering third pmiy. Nothing contained in this Agreement shall limit or impair the District's right to protect its rights from inte,ference by a third pmiy to this Agreement.

SECTION 10. ENFORCEMENT OF AGREEMENT. In the event that either pmiy is required to enforce this Agreement by comi proceedings or otherwise, then the parties agree that the prevailing pmiy shall be entitled to recover from the other all fees and costs incurred, including reasonable attorney's fees and costs for h-ial, alternative dispute resolution, or appellate proceedings.

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SECTION 11.  AMENDMENTS.   Amendments  to  and  waivers  of  the  provisions  contained in this Agreement may be made only by an instrument in writing which is executed by both the District and the Contractor.

SECTION 12. AUTHORIZATION. The execution of this Agreement has been duly authorized by the appropriate body or official of the District and the Contractor, both the District and the Contractor have complied with all the requirements of law, and both the District and the Contractor have full power and authority to comply with the terms and provisions of this instrument.

SECTION 13. NOTICES. All notices, requests, consents and other communications under this Agreement ("Notices") shall be in writing and shall be delivered, mailed by First Class Mail, postage prepaid, or overnight delivery service, to the parties, as follows:

If to Contractor:

If to District:

With a copy to:

Floralawn, Inc.
734 South Combee Road Lakeland, Florida 33804 Attn:

Towne Park Community Development District c/o Fishkind & Associates, Inc.
12051 Corporate Boulevm-d
Orlando, Florida 32817 Attn: District Manager

Hopping Green & Sams, P.A.
119 South Momoe Street, Suite 300 Post Office Box 6526
Tallahassee, Florida 32314 Attn: Roy Van Wyk

Except as otherwise provided in this Agreement, any Notice shall be deemed received only upon actual delivery at the address set forth above. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving Notice contained in this Agreement would otherwise expire on a non­ business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the District and counsel for the Contractor may deliver Notice on behalf of the District and the Contractor. Any party or other person to whom Notices are to be sent or copied may notify the other parties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days written notice to the parties and addressees set forth herein.

SECTION 14.  ARM'S  LENGTH  TRANSACTION.   This  Agreement   has  been  negotiated fully between the District and the Contractor as an arm's length transaction.  Both  parties participated fully in the prepm-ation of this Agreement and received the advice of counsel. In the

6

case of a dispute concerning the interpretation of any provision of this Agreement, both parties are deemed to have drafted, chosen, and selected the language, and the doubtful language will not be interpreted or construed against either the District or the Contractor.

SECTION 15.  THIRD PARTY BENEFICIARIES.  This Agreement  is solely for the benefit of the District and the Contractor and no right or cause of action shall accrue upon or by reason, to or for the benefit of any third party not a formal party to this Agreement. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the Disti-ict and the Contractor any right, remedy, or claim under or by reason of this Agreement or any of the provisions or conditions of this Agreement; and all of the provisions, representations, covenants, and conditions contained in this Agreement shall inure to the sole benefit of and shall be binding upon the District and the Contractor and their respective representatives, successors, and assigns.

SECTION 16. ASSIGNMENT. Neither the District nor the Contractor may assign this Agreement or any monies to become due hereunder without the prior written approval of the other.

SECTION 17. APPLICABLE LAW AND VENUE. This  Agreement  and  the  provisions contained herein shall be construed,  interpreted  and  controlled  according  to the laws of the State of Florida. Each pmiy consents that the venue for any litigation mising out of or related to this Agreement shall be in Polk County, Florida.

SECTION 18.	INDEMNIFICATION.

Contractor, its employees, agents and subcontractors shall defend, hold hmmless and indemnify the District and its supervisors, officers, staff, employees, representatives and agents against any claims, damages, liabilities, losses and costs, including, but not limited to, reasonable attorneys' fees, to the extent caused by the acts or omissions of Contractor, and other persons employed or utilized by Contractor in the performance of this Agreement or the Services performed hereunder.

Obligations under this section shall include the payment of all settlements, judgments, damages, liquidated damages, penalties, forfeitures, back pay awards, cmni costs, arbitration and/or mediation costs, litigation expenses, attorney fees, pmalegal fees and expe1i witness fees (incurred in comi, out of comi, on appeal, or in bankruptcy proceedings) as ordered.

SECTION 19.	LIMITATIONS	ON	GOVERNMENTAL	LIABILITY.	Nothing	in	this
Agreement shall be deemed as a waiver of immunity or limits of liability of the District beyond any statutory limited waiver of immunity or limits of liability which may have been adopted by the Florida Legislature in Section 768.28, Florida Statutes, or other statute, and nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing any claim which would otherwise be barred under the Doctrine of Sovereign Inununity or by operation of law.

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SECTION 20. TERMINATION. The District agrees that the Contractor may terminate this Agreement for cause by providing thi1ty (30) days written notice of termination to the District; provided, however, that the District shall be provided a reasonable oppmtunity to cure any failure under this Agreement. The Contractor agrees that the District may terminate this Agreement immediately for cause by providing written notice of termination to the Contractor. The District shall provide thirty (30) days written notice of termination without cause. Upon any termination of this Agreement, the Contractor shall be entitled to payment for all Services rendered up until the effective termination of this Agreement, subject to whatever claims or off sets the District may have against the Contractor as the sole means of recovery for te1mination.

SECTION 21. OWNERSHIP OF DOCUMENTS. All rights in and title to all plans, drawings, specifications, ideas, concepts, designs, sketches, models, programs, software, creation, inventions, reports, or other tangible work product originally developed by Contractor pursuant to this Agreement shall be and remain the sole and exclusive property of the District when developed and shall be considered work for hire.

SECTION 22.  PUBLIC RECORDS.  Contractor  understands  and agrees that all documents of any kind provided to the District in connection with this Agreement may be public records, and, accordingly, Contractor agrees to comply with all applicable provisions of Florida law in handling sueh records, including but not limited to Section 119.0701, Florida Statutes. Contractor acknowledges that the designated public records custodian for the District is Joe MacLaren ("Public Records Custodian"). Among other requirements and to the extent applicable by law, the Contractor shall I) keep and maintain public records required by the District to perform the service; 2) upon request by the Public Records Custodian, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of the contract term and following the contract term if the Contractor does not transfer the records to the Public Records Custodian of the District; and 4) upon completion of the contract, transfer to the District, at no cost, all public records in Contractor's possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws. When such public records arc transfened by the Contractor, the Contractor shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF fmmats.

IF THE CONTRACTOR HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE CONTRACTOR'S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS CONTRACT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT (407) 382-3256, JOEM@FISHKIND.COM, OR AT 12051 CORPORATE BOULEVARD, ORLANDO, FLORIDA 32819.

8

SECTION 23. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Agreement shall not affect the validity or  enforceability  of  the  remaining pmiions of this Agreement, or any part of this  Agreement  not  held  to  be  invalid  or unenforceable.

SECTION 24. HEADINGS FOR CONVENIENCE ONLY. The descriptive headings in this Agreement are for convenience only and shall  not control  nor  affect  the meaning or construction of any of the provisions of this Agreement.

SECTION 25. ENTIRE AGREEMENT. This instrument shall constitute the final and complete expression of the agreement between the parties relating to the subject matter of this Agreement.

IN WITNESS WHEREOF, the pmiies hereto have executed this Agreement as of the day and year first written above.

Attest:	TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT

Secretary	Chairperson, Board of Supervisors

Witness:	FLORALAWN, INC.

By: 	_

Signature of Witness

Print Name

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

Print Name:

Title:    	

Exhibit A: Exhibit B: Exhibit C:

Landscape Maintenance Maps Scope of Services
Form of Change Order

9

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floralawn
Premier  Lawn &. Pest

734 So uth Combee Road
1.akel and,   r lo ricla  33804

(S63) 668 -049 4 Ph o ne
(863) 668-0495 Fax

www .floralawn.com

Landscape Maintenance Proposal
Towne Park Estates 2 CDD

August 23, 2017
Towne Park Estates 2 Community Development District c/ o Denise Abercrombie, LCAM
Highland Community Management

We sincerely appreciate the opportunity to propose how FloraLawn can help enhance the quality of your landscape. Our proposal includes integrating a custom maintenance plan to meet  the needs and demands  of  your property while considering service expectations and community budget.

We hereby propose the following for your review:

LANDSCAPE MAINTENANCE FOR COMMON GROUNDS

I Service	Price Per Month	Price Per Year	
Landscape Maintenance*	$1,805	$21,660	
Irrigation Inspection	$120	$1,440	
TOTAL	$1,925	$23,100	

I

Pump t\laintenancc I Well Service & i\fa int e nance I In rer io r P est C o ntrol I Landscape Ligh ting I Fo untains

Landscape Maintenance Program
Scope of Services

TURF CARE

Mowing		Rotary lawn mowers will be use<l with sufficient power to leave a neat, clean, and uncluttered appearance 12 times per calendar year depending on growing season and conditions. lt is anticipated that mowing services shall be provided weekly during the growing season April th.rgJ-igh October and every other week during the non-growing season or as needed November through
.i\farch.

Trimming		Turf areas inaccessible to mowers, areas adjacent to buildings, trees, fences, etc. will be controlled by a string trimmer.  When string trimming, a continuous cutting height wi!\ be maintained to prevent scalping.

Edging	All turf edges of walks, curbs, and driveways shall be performed every mowing- (42 times per year).  A soft edge of all bed  areas will  be performed  every other mowing (21 times per year).  A  power edger will be  used  for  this purpose.  A string  trimmer may be used only in areas not accessible to a power edger.

TREE, SHRUB, AND GROUNDCOVER CARE

Pruning	All shrubs and trees (up to 10 feet) shall be pruned and shaped a maximum of 10 times per year to ensure the following:

Maintain all sidewalks to eliminate any overhanging branches or foliage which obstructs and/or hinders pedestrian or motor traffic.
o Retain the individual plant's natural form and prune to eliminate branches which are rubbing against walls and roofs.
The removal of dead, diseased, or injured branches and palms will be performed as needed
Ground covers and vines can maintain a neat and uniform appearance.

Weeding		\Veeds will be removed from all plant, tree, and flower beds 18 times per year. This incoqmrates 2 times per month during the growing season an<l 1 time per month during the non-growing season on an as-needed basis. Manual hand pulling and chemical herbicides will be used as control methods.

MISCELLANEOUS
Clean-Up		All non-turf areas will be cleaned with a backpack or street blower to remove debris created by landscaping process. All trash shall be picked up throughout the common areas before each mowing 42 times per year. Construction debris or similar trash is not included. Trash shall be disposed of offsite.

OPTIONAL ITEMS & ADDITIONAL SERVICES

Landscape design & installation
Annual flower bed design & installation
Thin & prune trees over 10' in height
New plant installation
Pump Maintenance

COMPENSATION

Sodding and/or Seeding
Mulching
Prune Palms over 15' of clear trunk
Leaf clean-up
Pump repair & installation

FloraLawn agrees to provide all of the above services for an annual fee ofS23,100 to be paid in monthly fees of
$1,925 for the landscape maintenance of common areas. An invoice will be delivered the first week of the current month 1s service.  It is agreed  that the invoice will be paid  within 30 days of submittal.

Pump Maintenance I \'('ell Seryicc & flfaintenance I Interior Pest Control I Landscape Lighting I Fountains

EXHIBITC

Form of Change Order
WORK AUTHORIZATION FOR ADDITIONAL LANDSCAPE MAINTENANCE SERVICES

THIS   WORK   AUTHORIZATION   (the  "Work  Authorization"),  dated 	,, 20 authorizes certain work in accordance with that ce1iain Agreement for Landscape Maintenance Services (the "Agreement"), dated----- 2017, by and between:

Towne Park Community Development District, a local unit of special-purpose government located within the City of Lakeland, Florida, and whose mailing address is 12051 Corporate Boulevard, Orlando, Florida 32817 (the "District"); and

Floralawn, Inc., a Florida profit corporation, whose address is 734 South Combee Road, Lakeland, Florida 33804 (the "Contractor").

SECTION 1. SCOPE OF SERVICES, In addition to the Services described in the Agreement  and any Exhibits and Amendments thereto, the Contractor will provide additional landscape maintenance services, as set forth in the attached Exhibit A, which is incorporated herein by reference, all in accordance with the terms of the Agreement (collectively, the "Additional Services").

SECTION 2. COMPENSATION. It is  understood  and agreed  that the payment  of compensation  for the Additional Services under this Work Authorization shall be in the amount set  forth  in the  attached Exhibit B, and in the manner set fo1ih in the Agreement.

SECTION 3. ACCEPTANCE. Acceptance of this Work Authorization will authorize the Contractor to complete the Additional Services as outlined above and is indicated by the signature of the authorized representative of the District and the Contractor in the spaces provided below. Contractor  shall commence the aforesaid Additional Services as provided herein and shall perform the same in accordance with the terms and conditions of the Agreement, which, except to the extent expressly altered or changed in this Work Authorization, remain in full force and effect.

IN WITNESS WHEREOF, the Parties hereto have caused this Work Authorization to be executed the day and year first above written.

TOWNE PARI( COMMUNITY DEVELOPMENT DISTRICT

Secretaiy	Chairman, Board of Supervisors

FLORALAWN, INC.

Witness

Exhibit A: Proposal/Scope of Additional Services

Towne Park Community Development District

Financial Advisory Agreement

FISHKIND
& ASSO C IATES
f:C O N O M I C  C O N S U Ll A N T S

FINANCIAL ADVISORY AGREEMENT

1.0	Registration as a Municipal Advisor

Fishkind & Associates, Inc. ("FA" or "Advisor") is a registered Municipal Advisor pursuant to Section 15B of the Securities Exchange Act and rules and regulations adopted by the United States Securities and Exchange Commission ("SEC") and the Municipal Securities Rulemaking Board ("MSRB") License Number K1055. As such, FA is bound by the SEC's Municipal Advisor Rule that imposes a: (a) registration regime upon municipal advisors, i.e., firms that give advice to municipal entities, such as community development districts, and (b) fiduciary duty upon municipal advisors that give advice to municipal entities.

FA also must comply with the requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act. As part of our registration FA is required to disclose to the SEC information regarding criminal actions, regulatory actions, investigations, terminations, judgments, liens, civil judicial actions, customer complaints, arbitrations and civil litigation involving FA. Pursuant to MSRB Rule G-42, FA is required to disclose any legal or disciplinary event that is material to the District's evaluation of FA or the integrity of its management or advisory personnel. FA has determined that no such event exists. Copies of FA's filings with the SEC can currently be found by accessing the SEC's Electronic Data Gathering, Analysis, and Retrieval ("EDGAR") system Company Search Page which is currently available at https://www.sec.gov/edgar/searchedgar/companysearc.hhtml.

In addition, G-42 requires FA to disclose in writing all material conflicts of interest. FA is not aware of any conflicts of interest related to this engagement.

Scope of Work

Municipal Advisor Role

The Municipal Advisor is engaged as a recognized independent expert whose primary responsibility is to give objective fiscal advice on the structure and issuance of any debt under state and federal securities law.

12051 Corp orate Blvd., Orlando, Florida 328 17 (407 ) 382 -3256 FAX (407) 382-3254 Email homeo ffice@fishkind .com

Specific Advisory Services

We will provide the following services.

Formulation of the District's assessment methodology or similar security for the debt including consultation with the District's underwriter, bond counsel, district counsel, and consulting engineer.

Assistance to the District and its underwriter in developing the financing plan for the District's funding of its infrastructure.

Recommendations as to the appropriate financial structures for the proposed financings, as requested.

Advice on terms and features of bonds, the timing of marketing of bond issues and the analysis of market conditions as they relate to bond sales.

Assistance with the District's underwriter in the review and preparation of cash flow forecasts for proposed issues addressing debt service requirements and sources of funding.

Assistance, as requested, in the preparation of financing schedules, bond documents, inter local agreements and official statements.

Assistance in negotiations with the underwriter regarding the underwriter's gross spread (bond discount).

Assistance, with the District's underwriter, regarding any interim financing, if necessary or desirable.

Advice to the District, if requested, on the selection of a trustee, paying agent and other financial intermediaries.

Assistance in the proceedings for the validation of the District's bonds, the preparation of materials in support of validation, and determination of the validation amount as requested.

Assistance to the District with regard to the sale of its bonds by the underwriter, including an analysis of the proposed interest rate and other factors affecting the sale.

Assistance with the District's bond closing, including the printing, signing and delivery of the District's bonds and the transfers of moneys to the District by the underwriter.

Calculation of the preliminary and final assessment rolls or their equivalent.

Assistance to the District in investing the proceeds of any debt offering as requested.

12051 Corporate Blvd.• Orlando, Florida 32817 (407) 382-3256 FAX (407) 382-3254 Email homeoffice@fishkind.com

q.		Attendance at all necessary meetings as determined by the District Manager.

Compensation
General Considerations and Avoidance of Conflicts of Interest There are several potential conflicts of interest that may apply to our
engagement with you concerning compensation. For example, fixed fees or
"lump sum" compensation represents a potential conflict of interest, because if the transaction requires more work than originally contemplated, the financial advisor may suffer a loss. Thus, the advisor may recommend less time-consuming alternatives, or fail to do a full analysis of alternatives. Fees based upon the par amount of debt presents a conflict of interest, because the advisor may have an incentive to advise the client to increase the size of the securities issue for the purpose of increasing the advisor's compensation. Contingent fees create a potential conflict of interest because the advisor may have an incentive to recommend unnecessary financings or financings that are disadvantageous to the client. When facts or circumstances arise that could cause the financing to be delayed or fail to close, an advisor may have an incentive to discourage a full consideration of such facts and circumstances.

Fee Proposal and Budget

FA's plan to mitigate conflicts of interest regarding compensation is to charge for our services on a time and expense basis at our standard rate of $450 per hour. Reasonable out-of-pocket expenses incurred by the Advisor in the performance of his duties shall be billed and paid on a pro rata monthly basis in accordance with Section 112.061, Florida Statutes.

We propose a not-to-exceed budget of $1,000 for this engagement based on our estimate for the cost of the work involved in rendering financial advisory services on a routine basis. We will bill hourly against this budget.

Should the work expand beyond the budget, we will notify you promptly with documentation supporting a proposed budget increase. Such expansions would include: (a) developing assessment methodologies, (b) crafting financing strategies, and (c) managing the issuance of any debt obligations. In such circumstances, we expect that the Advisor's fee and expenses will be paid from the proceeds of the District's debt issuance. Therefore, the payment of our fees and expenses for any expansion of our routine financial advisory services will be deferred until the later of the time when: (a) the District closes on a debt issuance or (b) the District defers or abandons its issuance of debt. However, our fees are not contingent upon the District's issuance of debt.

12051 Corporate Blvd.. Orlando. Florida 32817 (407) 382-3256 FAX (407) 382-3254 Email homeoffice@tishkind.com

General Provisions

Advisor Not to Participate as Underwriter

The Advisor is precluded from being an underwriter of any debt obligations issued by the District and shall not participate, in any manner, in the initial syndication for the issuance of any of the District's debt obligations. However, the Advisor my act as a placement agent for debt obligations.

Termination of Relationship

The District has the right to terminate this Agreement for "good cause" which shall include misfeasance, malfeasance, nonfeasance or dereliction of duties by the Advisor. Termination for "good cause" shall be effected by provision of a minimum of ten (10) days written notice to Advisor. Either party hereto shall have the right to terminate the relationship between the District and the Advisor, at any time and for any reason whatsoever, upon the District providing a minimum of thirty (30) days advance written notice to the Advisor and the Advisor providing a minimum of sixty (60) days advance written notice of intention to terminate. All notices shall be mailed to the person and address specified for use in the giving of notice, in paragraph 4.10, hereof. Should the relationship be terminated, all work product produced by the Advisor, to the date of termination, shall be the sole property of the District. The Advisor's fee shall be prorated according to the amount of work completed as determined by the District. Finally, the Advisor shall be entitled to all expenses not reimbursed as of the notice of termination.

4.4	Disclaimer of Advisor

The District acknowledges that the Advisor is not an attorney and may not render legal advice or opinions. Although the Advisor may participate in accumulating information necessary for documents required by the District to finalize any particular financing, such information shall be verified by the District as to its correctness; provided, however, that the District shall not be required to verify the correctness of any information originated by the Advisor or the correctness of any information originated by the Advisor which the Advisor has used to formulate its opinions and advice given to the District.

Attorney Fees and Governing Law

In the event either party is required to take any action to enforce this Agreement, the prevailing party shall be entitled to attorney's fees and costs, including fees and costs incurred in determining entitlement to and reasonableness of such fees and costs. This Agreement shall be interpreted in accordance with and shall be governed by the laws of the State of Florida.

12051 Corporate Blvd.. Orlando, Florida 32817 (407) 382-3256 FAX (407) 382-3254 Email homeoffice@fishkind.com

Indemnification

The Advisor agrees to indemnify, defend, and hold the District harmless from and against any and all claims, actions, suits, demands, assessments or judgments asserted and any and all losses, liabilities, damages, costs, court costs, and expenses, including attorney's fees, that the District may hereafter incur, become responsible for, or be caused to pay out arising out of or relating to the negligent, reckless and/or intentionally wrongful acts or omissions of the Advisor. The indemnification provided for herein shall not be deemed exclusive of any other rights to which the District may be entitled and shall continue after the Advisor has ceased to be engaged under this Agreement.

Nothing herein shall be construed to limit the District's sovereign immunity limitations of liability provided in section 768.28, Florida Statutes or other applicable law.

Insurance

The Advisor shall provide and maintain the following levels of insurance coverage at all times subsequent to the execution of this Agreement:

Worker's	Compensation	insurance   to   cover  full  liability	under worker's compensation laws in effect from time to time in Florida.
General	Liability	insurance	with	limit	of	one	million	dollars ($1,000,000.00) per each occurrence.
Professional Liability insurance with limit of one million dollars ($1,000,000.00) per each occurrence.
Employment Practices Liability insurance with limit of two million dollars ($2,000,000.00) per each occurrence.
Commercial	Crime  insurance	with limit of two million dollars ($2,000,000.00) per each occurrence.
Comprehensive Automobile Liability insurance for all vehicles used
by the Consultant's staff, whether owned or hired, with a combined single limit of one million dollars ($1,000,000.00).

The District (and its staff, consultants, and supervisors as applicable) will be listed as additional insureds on the General Liability and Automobile insurance policies described above. The District (and its staff, consultants, and supervisors as applicable) will be listed as a joint loss payee on the Commercial Crime insurance. None of the policies above may be canceled during the term of this Agreement (or otherwise cause the District to not be named as an additional insured or joint loss payee where applicable) without sixty (60) days written notice to the District. Advisor will furnish the District with a Certificate of Insurance evidencing compliance with this section prior to Agreement commencement and upon request.

12051 Corporate Blvd., Orlando, Florida 32817 {407) 382-3256 FAX {407) 382-3254 Email homeoffice@fishkind.com

Time of the Essence

The District and the Advisor agree that time is of the essence and that the services of the Advisor shall be performed expeditiously.

Term of This Agreement

This Agreement shall renew automatically until terminated by either the District or the Advisor.

Entire Agreement

This Agreement constitutes the entirety of the terms and conditions of the agreement between the parties for District Management services. Any amendment or change to this Agreement shall be in writing and executed by all parties to the Agreement.

Notices

All notices, requests, or authorizations which may from time to time be required or expedient shall be in writing and shall be delivered or mailed as follows:

District:

With a copy to:

Advisor:

Towne Park COD 12051 Corporate Blvd.
Orlando, FL 32817 Attn: District Manager

Hopping Green & Sams, P.A.
119 South Monroe Street, Suite 300
Tallahassee, FL 32301 Attn: District Counsel

Fishkind & Associates, Inc. Dr. Hank Fishkind
12051 Corporate Blvd.
Orlando, Florida 32817 hankf@fishkind.com

Authority to Execute

Each of the parties hereto covenant to the other that it has the lawful authority to enter into this relationship, that the governing or managing body of each party has approved this relationship and has similarly authorized the execution of this Agreement.

12051 Corporate Blvd., Orlando, Florida 32B17 (407) 3B2-3256 FAX (407) 3B2-3254 Email homeoffice@fishkind.com

Public Records Disclosure

Advisor understands and agrees that all documents of any kind provided to the District in connection with this Agreement may be public records, and, accordingly, Advisor agrees to comply with all applicable provisions of Florida law in handling such records, including but not limited to Section 119.0701, Florida Statutes. Consultant acknowledges that the designated public records custodian for the District is Fishkind & Associates, Inc. ("Public Records Custodian"). Among other requirements and to the extent applicable by law, the Advisor shall 1) keep and maintain public records required by the District to perform the service; 2) upon request by the Public Records Custodian, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost  that does not exceed the cost provided in Chapter 119, Florida Statutes; 4) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of the Agreement term and following the Agreement term if the Advisor does not transfer the records to the Public Records Custodian of the District; and 4) upon completion of the Agreement, transfer to the District, at no cost, all public records in Advisor's possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws. When such public records are transferred by the Advisor, the Advisor shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to  the District in a format that is compatible with Microsoft Word or Adobe PDF formats.

IF THE FA HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE FA'S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT, CONT ACT THE CUSTODIAN OF PUBLIC RECORDS, FISHKIND & ASSOCIATES, INC., AT 772-345-5101, 10807 SW  TRADITION SQUARE, PORT ST. LUCIE, FLORIDA 34987.

12051 Corporate Blvd., Orlando, Florida 32817 (407) 382-3256 FAX (407) 382-3254 Email homeoffice@fishkind.com

In witness whereof, the parties hereto have executed this Agreement, in

duplicate, this  	

day of  	

, 2017.

Board of Supervisors
Towne Park Community Development District

Sign 	_ Print Name ---------------

Fishkind & Associates, Inc.

Hank Fishkind, Ph.D., President

12051 Corporale Blvd., Orlando, Florida 32817 (407) 382-3256 FAX (407) 382-3254 Email homeoffice@fishkind.com

Towne Park Community Development District

Payment Authorization Numbers 59-62

TOWNE PARK
COMMUNITY	DEVELOPMENT	DISTRICT

Payment Authorization #059
6/30/2017

Item No.

Payee	Invoice Number	General Fund

1	Funding Construction Account	$22,775.30

TOTAL	$22,775.30

1

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TOWNE PARK

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COMMUNITY	DEVELOPMENT	DISTRICT
Payment Authorization #060	( p,,,1,1''}-	!Lfu,,JT
7/20/2017

Item No.

Payee	Invoice Number	Construction Fund

1	Funding Construction Account for Retainage	$218,318.21

TOTAL	$218,318.21

TOWNE PARK
COMMUNITY	DEVELOPMENT	DISTRICT

Payment Authorization #061
7/27/2017

Item No.

Payee	Invoice Number	General Fund

1	Hopping Green & Sams		
	Legal Services thru 06.30.2017	94910	$	333.00	
2	Fishkind & Associates, Inc.			
	DM and Website Fees 2017.07	20998	$ 1,741.67	
3	Carr Riggs Ingram			
	Final Audit Billing FY16	16312241	$	750.00	
4	Business Observer			
	Legal Ad - Public Hearing Notice 06.23, 06.30.17	17-01091K	$	59.50	
5	Roy Bozeman Trucking & Excavating, Inc.
Retention Pond wash outs	
17611	
$ 1,467.00	
6	D&J Bushoging Inc			
	Mow common areas	350	$ 1,500.00	
		
TOTAL	
$ 5,851.17	

Chairperson

TOWNE PARK
COMMUNITY	DEVELOPMENT	DISTRICT

Payment Authorization #062
8/22/2017

Item No.

Payee	Invoice Number	General Fund

1	The Ledger		
	Legal Ad- 2017/2018 Budget and Hearing Notice	LH32587	$ 2,050.16	
2	Landmark Engineering & Surveying Corp.
Professional Services thru 8.05.2017	
2140055	
$	125.00	
3	Fishkind & Associates, Inc.
OM Fees and Reimb. - 2017.08	
21183	
$ 1,906.92	
4	Business Observer			
	Legal Ad - Resolution of the Board of Supervisors	17-01354K	$	142.38	
5	U.S. Bank			
	Annual Administration Fees - 07.2017 - 06.2018	4706799	$ 3,717.38	
6	D&J Bushoging Inc			
	Mow common areas	353	$ 1,500.00	

TOTAL	$ 9,441.84

Chairperson

Towne Park Community Development District

Monthly Financials

Towne Park COD
Statement of Financial Position As of?/31/2017

General Fund	Debt Service	Capital Projects	Long Term	Total	
	Funds	Fund	Debt Group		

Assets

Current Assets

General Checking Account	$3,400.91				$3,400.91	
Accounts Receivable - Due from Developer	8,655.48				8,655.48	
Debt Service Reserve A1 Bond		$210,137.50			210,137.50	
Revenue A1 Bond		2,556.73			2,556.73	
Prepayment A 1 Bond		29,265.93			29,265.93	
Acquisition/Construction A1 Bond			$218,363.65		218,363.65	
Total Current Assets	$12,056.39	$241,960.16	$218,363.65	$0.00	$472,380.20	

Investments

Amount Available in Debt Service Funds				$241,960.16	$241,960.16	
Amount To Be Provided				2,718,039.84	2,718,039.84	
Total Investments	$0.00	$0.00	$0.00	$2,960,000.00	$2,960,000.00	

Total Assets	$12,056.39	$241,960.16	$218,363.65	$2,960,000.00	$3,432,380.20

 	Liabilities and Net Assets

Current Liabilities		
Accounts Payable	$8,655.48				$8,655.48	
Retainage Payable			$218,318.21		218,318.21	
Total Current Liabilities	$8,655.48	$0.00	$218,318.21	$0.00	$226,973.69	

Long Term Liabilities
Revenue Bonds Payable - Long-Term	$2,960,000.00	$2,960,000.00
Total Long Term Liabilities	$0.00	$0.00	$0.00	$2,960,000.00	$2,960,000.00

Total Liabilities	$8,655.48	$0.00	$218,318.21	$2,960,000.00	$3,186,973.69

Net Assets

Net Assets - General Government	$2,161.02	$2,161.02	
Current Year Net Assets - General Government	1,239.89	1,239.89	
Net Assets, Unrestricted	$273,499.97	273,499.97	
Current Year Net Assets, Unrestricted	(31,539.81)	(31,539.81)	
Net Assets, Unrestricted	$1,728,487.25	1,728,487.25	
Current Year Net Assets, Unrestricted	{1,728,441.81)	(1,728,441.81)	

Total Net Assets

Total Liabilities and Net Assets

$3,400.91	 	$241,960.16	$45.44	$0.00	$245,406.51
---

$12,056.39	$241,960.16	$218,363.65	$2,960,000.00	$3,432,380.20

Revenues

Towne Park COD Statement of Activities As of 7/31/2017

General Fund	Debt Service	Capital Projects	Long Term	Total	
	Funds	Fund	Debt Group		

Off-Roll Assessments	$925.58				$925.58	
Developer Contributions	43,520.52				43,520.52	
Off-Roll Assessments		$103,376.88			103,376.88	
Inter-Fund Group Transfers In		10,687.40			10,687.40	
Developer Contributions			$241,093.51		241,093.51	
Inter-Fund Transfers In			(10,687.40)		(10,687.40)	
Total Revenues	$44,446.10	$114,064.28	$230,406.11	$0.00	$388,916.49	

Expenses

Supervisor Fees	$600.00				$600.00	
D&O Insurance	2,142.00				2,142.00	
Management	16,666.70				16,666.70	
Engineering	1,375.00				1,375.00	
Dissemination Agent	4,000.00				4,000.00	
District Counsel	2,748.91				2,748.91	
Audit	6,500.00				6,500.00	
Telephone	0.33				0.33	
Postage & Shipping	25.70				25.70	
Copies	69.30				69.30	
Legal Advertising	2,508.69				2,508.69	
Web Site Maintenance	750.00				750.00	
Dues, Licenses, and Fees	175.00				175.00	
General Insurance	2,678.00				2,678.00	
Landscaping Maintenance & Material	2,967.00				2,967.00	
Interest Payments - A1 bond		$145,871.46			145,871.46	
Engineering			$41,575.70		41,575.70	
District Counsel			2,137.35		2,137.35	
Contingency			1,915,978.04		1,915,978.04	
Total Expenses	$43,206.63	$145,871.46	$1,959,691.09	$0.00	$2,148,769.18	

Other Revenues (Expenses} & Gains (Losses}						
Interest Income	$0.42				$0.42	
Interest Income		$267.37			267.37	
Interest Income			$843.17		843.17	
Total Other Revenues (Expenses) & Gains (Losses)	$0.42	$267.37	$843.17	$0.00	$1,110.96	

Change In Net Assets	$1,239.89	($31,539.81)	($1,728,441.81)	$0.00	($1,758,741.73)

Net  Assets At Beginning Of Year	 	$2,161.02	$273,499.97	$1,728,487.25	$0.00    -- $2,004,148.24

Net  Assets At End Of Year	$3,400.91	$241,960.16	$45.44	$0.00	$245,406.51

Towne Park COD
Budget to Actual
For the Month Ending 7/31/2017

YTD Actual	YTD Budget	YTD Va riance	FY 2017
Adopted Budget

Revenues

Off-Roll Assessments	$	925.58	$	175,000.00	$ (174,074.42)	$ 210,000.00	
Developer Contributions	43,520.52		43,520.52	$	
Net Revenues	$	44,446.10	$	175,000.00	$ (130,553.90)	$ 210,000.00	
General & Administrative Exi;1enses					
Supervisor Fees	$	600.00	$	3,333.33	$	(2,733.33)	$	4,000.00	
D&O Insurance	2,142.00	2,083.33	58.67	2,500.00	
Trustee Services		4,166.67	(4,166.67)	5,000.00	
Management	16,666.70	16,666.67	0.03	20,000.00	
Engineering	1,375.00	8,333.33	(6 ,958.33)	10,000 .00	
Dissemination Agent	4,000.00		4,000.00		
District Counsel	2,748.91	20,833.33	(18 ,084.42)	25,000.00	
Audit	6,500 .00	3,750.00	2,750.00	4,500.00	
Travel and Per Diem		416.67	(416.67)	500.00	
Telephone	0.33	166.67	(166.34)	200.00	
Postage & Shipping	25.70	125.00	(99.30)	150.00	
Copies	69.30	1,250.00	(1,180.70)	1,500 .00	
Legal Advertising	2,508.69	4,166.67	(1,657.98)	5,000 .00	
Bank Fees		208.33	(208.33)	250.00	
Miscellaneous, Contingency		6,041.67	(6,041 .67)	7,250 .00	
Web Site Maintenance	750.00	750.00		900.00	
Dues, Licenses, and Fees	175.00	208.33	(33.33)	250.00	
Aquatic Contract		8,333.33	(8,333.33)	10,000.00	
General Insurance	2,678.00	2,500.00	178.00	3,000.00	
Property & Casualty		4,166.67	(4,166.67)	5,000.00	
Landscaping Maintenance & Material	2,967.00	50,000.00	(47,033.00)	60,000.00	
Streetlights		37,500.00	(37,500.00)	45,000.00	
Total General & Administrative Expenses	$	43,206.63	$	175,000.00	$ (131,793.37)	$ 210,000.00	

Total Expenses	$	43,206.63	$	175,000.00	$ (131,793.37)	$ 210,000.00	
Income {Loss) from Operations	$	1,239.47	$	$	1,239.47	$	

Other Income (Exi;1ensel					
Inte res t Income	$	0.42	$	$	0.42		$	
Total Other Income (Expense)	$	0.42	$	$	0.42	$		
Net Income (Loss)	$	1,239.89	$	$	1,239.89	$