Towne Park
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o u l e v a r d,	Orlando,  FL   328I7;40 7-382 -3256
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ERVISORS' MEETING AGENDA

rutn.
for any n1e rn b e r s o f·   Che  p ub l i c  d e s i r i ng  1·0	sp e ak	on	an.y
ardJ
s  of'the May  10,	2018  Board  of"S upervisors   "M:eetings

upplemental Assessment :Methodology
ution 20 18-11, Supplemental Assessment Resolution Bonds
ution 2 018-1.2 ,	Supplemental Assessment Resolution Bonds
ment betvveen the District and Resort Pool Services

nt: behveen the District and Faulkner Engineering uctjon Materials Testing Services
Year 2016-2017 Audited Financial Statement g Agreelllent #2
nt Authorization Nos 76 - 77
ly Financials

i e n c e C o m 1n e n ts

Towne Park Community Development District

Minutes

MINUTES OF MEETING

TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS' MEETING
Thursday, Thursday May 10, 2018 at 11:12 a.m. The Offices of Highland Homes
3020 S. Florida Avenue, Suite 101
Lakeland, Florida 33803

Board Members present at roll call:

Joel Adams Jeff Shenefield Brian Walsh Rennie Heath Scott Shapiro

Also Present:

Board Member Board Member Board Member Board Member Board Member

(via phone) (via phone)

Roy Van Wyk Jane Gaarlandt Jennifer Glasgow Milton Andrade

Hopping Green & Sams, P.A. Fishkind & Associates, Inc.
Fishkind & Associates, Inc.	(via phone) Highland Homes

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 April 12, 2018 Board of Supervisors' Meeting

The Board reviewed the minutes of the April 12, 2018 Board of Supervisors' Meeting.

ON MOTION by Mr. Walsh, seconded by Mr. Adams, with all in favor, the Board approved the Minutes of the April 12, 2018 Board of Supervisors' Meeting.

FORTH ORDER OF BUSINESS	Consideration of Resolution 2018-
10, Approving a Proposed Budget for Fiscal Year 2018-2019 and Setting a Public Hearing Date Thereon

Ms. Gaarlandt explained that Ms. Glasgow incorporated changes to the budget that Mr. Adams had suggested. Mr. Heath and Mr. Shapiro joined the meeting via phone. The Board discussed various line items including landscape. Mr. Shapiro suggested increasing the landscaping line item to $100,000.00. The District will have Phase 3A come online the last three months of Fiscal Year 2019 and District will also be putting in a well. The Board discussed streetlights and Mr. Adams indicated that it is a onetime fee and then the City handles the streetlights and it is paid by the homeowners through their City tax so there is no O&M cost for streetlights. He will have Mr. Andrade send the agreements for Phase 2A to Mr. Heath. The Board discussed the budget and assessments. Landscaping and maintenance was increased to $125,000.00 and the Contingency line item was increased to
$20,000.00  bringing the overall budget to $284,250.00. The first 148 lots will be assessed
$600/per lot and the Developer contribution will be approximately $195,000.00. The Board discussed a date for the public hearing and Ms. Gaarlandt suggested July 12, 2018 which is the date of the regularly scheduled meeting, but the time will be changed to 1:00 p.m. for the public hearing.

ON MOTION by Mr. Adams, seconded by Mr. Walsh, with all in favor, the Board approved Resolution 2018-10, Approving a Proposed Budget for Fiscal Year 2018-2019 and Setting July 12, 2018 at 1:00 p.m. at the current location as the Public Hearing Date.

FIFTH ORDER OF BUSINESS		Consideration of Hamilton Proposal for Civil Engineering and Surveying Services, Towne Park Estates Phase 2B Construction Services

.

The Board reviewed the proposal from Hamilton Engineering for civil engineering and
.
surveymg services.

ON MOTION by Mr. Adams, seconded by Mr. Walsh, with all in favor, the Board approved the Hamilton Proposal for Civil Engineering and Surveying Services.

SIXTH ORDER OF BUSINESS		Consideration Agreement #1

of	Funding

The Board reviewed the funding request.

ON MOTION by Mr. Adams, seconded by Mr. Walsh, with all in favor, the Board approved Funding Request #1.

SEVENTH ORDER OF BUSINESS	Consideration	of	Payment
Authorization Nos. 74 - 75

Ms. Gaarlandt requested Board approval of Payment Authorization Nos. 74- 75.

ON MOTION by Mr. Adams, seconded by Mr. Walsh, with all in favor, the Board approved Payment Authorization Nos. 74 - 75.

EIGHTH ORDER OF BUSINESS	Review of Monthly Financials

The Board reviewed the monthly financials. There was no action required by the Board.

NINTH ORDER OF BUSINESS	Staff Reports

District Counsel - Mr. Van Wyk stated that he plans on marketing the bonds next week and looking at the beginning of June for a preclosing date on the bonds. He noted that the District will need a special meeting prior to the preclosing so the District can do the supplemental assessments. June 14, 2018 is the regularly scheduled meeting but two of the Board members indicated that they will be out of town. Mr. Van Wyk suggested that the Board keep the regularly scheduled meeting

for now and if the Chair finds out if the District can meet earlier then the meeting will be changed. A Board Member asked what the preclosing target date is and Mr. Van Wyk responded that is the beginning of June and he will know next week. Ms. Gaarlandt explained that the District needs at least 10 days for noticing purposes and Mr. Van Wyk will try to get the preclosing before June 7, 2018. Mr. Van Wyk asked Ms. Gaarlandt to look at a possible meeting date for the week of June 7, 2018.

District Engineer-	No Rep01i

District Manager -		Ms. Gaarlandt stated that as of April 15, 2018 per the Supervisor of Elections there were no registered voters in Towne Park CDD.

TENTH ORDER OF BUSINESS	Supervisor Requests and Audience
Comments

There were no audience comments or Supervisor requests.

ELEVENTH ORDER OF BUSINESS	Adjournment

There were no other questions or comments. Ms. Gaarlandt requested a motion to adjourn.

ON MOTION by Mr. Adams, seconded by Mr. Walsh, with all in favor, the Board Adjourned the May 10, 2018 Board of Supervisor's Meeting for the Towne Park Community Development District.

Secretary/ Assistant Secretary	Chairman/ Vice Chairman

Towne Park Community Development District

Final Supplemental Assessment Methodology

FISHKIND
& ASSOCIATES

SUPPLEMENTAL ASSESSMENT METHODOLOGY (PHASES 2B & 3A)

TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT

June 1, 2018

Prepared for:

Members of the Board of Supervisors,
Towne Park Community Development District

Prepared by:

Fishkind & Associates, Inc. 12051 Corporate Boulevard
Orlando, Florida 32817

SUPPLEMENTAL ASSESSMENT METHODOLOGY (PHASES 28 & 3A) TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT

June 1, 2018

Introduction

Purpose

This Supplemental Assessment Methodology (Phases 28 & 3A), dated June 1, 2018 ("Supplemental Methodology") provides a system for the allocation of non-ad valorem special assessments securing the repayment of bond debt planned to be issued by the Towne Park Community Development District ("District") to fund beneficial public infrastructure improvements and facilities. This Supplemental Methodology operates pursuant to the District's "Amended and Restated Master Assessment Methodology", dated March 8, 2018 ("Amended Methodology") which replaced the District's "Adopted Master Assessment Methodology" dated January 21, 2015 ("Methodology"). The Supplemental Methodology applied herein has two goals: (1) identifying the special benefits received by properties within the District as a result of the installation of the District's improvements and facilities, and (2) reasonably allocating the costs incurred by the District to provide these benefits to properties in the District. The District has implemented a capital improvement program ("CIP") that will allow for the development of property within the District. The District plans to fund the majority of its CIP through bond debt financing. This bond debt will be repaid from the proceeds of non-ad valorem special assessments levied by the District's Board of Supervisors. These special assessments will serve as liens against properties within the boundary of the District that receive a special benefit from the CIP. This Supplemental Methodology is designed to conform to the requirements of Chapters 170, 190, and 197 of the Florida Statutes with respect to special assessments and is consistent with our understanding of the case law on this subject.

Background

The District includes approximately 584.8 gross acres of property located within the City of Lakeland, Florida. The District is generally located to the south of West Pipkin Road, to the west of Yates Road, and to the north of Ewell Road within the City of Lakeland. At build-out, the District is expected to contain 1,638 single-family lots, 450 multi-family units, recreation areas, parks/conservation, and related infrastructure.

The District previously issued its Series 2016 Special Assessment Revenue Bonds to fund infrastructure specially benefiting Phase 2A within the District's "Assessment Area 1". The District now desires to issue the Special Assessment Revenue Bonds, Series 2018 ("Series 2018 Bonds") to fund the infrastructure specially benefiting the properties within Phase 2B (described in Exhibit "A") and Phase 3A (described in Exhibit "B") and collectively referred to herein as "Phases 2B and 3A". The land use plan for Phases 2B and 3A within the District is found in Table 1 (all tables are found in the attached Appendix).
Special Benefits and General Benefits

Improvements undertaken by the District create both special benefits and general benefits to property owners located within and surrounding the District. However, the general benefits to the public at large are incidental in nature and are readily distinguishable from the special benefits which accrue to property located within the District. It is the District's CIP that enables properties within the District's boundaries to be developed. Without the District's CIP there would be no infrastructure to support development of land within the District. Without these improvements development of property in the District would be prohibited by law.

There is no doubt that the general public and property owners outside the District will benefit from the provision of District infrastructure. However, these are incidental to the District's CIP, which is designed solely to meet the needs of property owners within the District. Properties outside the District do not depend upon the District's CIP to obtain, or to maintain, their development entitlements. This fact alone clearly distinguishes the special benefits which District properties receive compared to those properties lying outside of the District's boundaries.

Requirements of a Valid Assessment Methodology

For special assessments to be valid under Florida law, there are two requirements. First, the properties assessed must receive a special benefit from the improvements paid for via the assessments. Second, the assessments must be fairly and reasonably allocated to the properties being assessed.

If these two characteristics of valid special assessments are adhered to, Florida law provides some latitude to legislative bodies, such as the District's Board of Supervisors, in approving special assessments. Indeed, Florida courts have found that the mathematical perfection of calculating special benefit is likely impossible. Only if the District's Board was to act in an arbitrary, capricious, or grossly unfair fashion would its assessment methods be overturned.

2

CIP Plan of Finance

Phased Infrastructure Installation

The District is installing its public infrastructure and improvements on a phased basis, as outlined in more detail in the "Towne Park Community Development District Second Supplemental Engineer's Report Phase 2B & 3A (Assessment Area 2)", dated February 2018 ("Engineer's Report"), as prepared by Hamilton Engineering & Surveying, Inc. ("District Engineer''). As outlined in the Engineer's Report, the District plans to install the infrastructure necessary to serve the lands within both Phases 2B and 3A. The District infrastructure and improvements for Phases 2B are designed to serve and specially benefit the lands within Phase 2B ("Phase 2B Project"). Similarly, the District infrastructure and improvements for Phase 3A are designed to serve and specially benefit the lands within Phase 3A ("Phase 3A Project" and together with the Phase 2B Project, the "Series 2018 Project"). The estimated costs of the Series 2018 Project are presented in Table 2.

Bond Requirements

The District intends to finance the majority of its CIP by issuing bonds. These bonds are being issued in several series, as development progresses within the District. The District's Series 2018 Bonds will fully or partially fund the costs of the Series 2018 Project. The series of bonds planned to be issued to fund the Phase 2B Project will be referred to herein as the "Phase 2B Bonds" and supported by assessments imposed solely to properties located within Phase 2B ("Assessment Area 2B"). Similarly, the portion of the Series 2018 Bonds issued to fund the Phase 3A Project will be referred to herein as the "Phase 3A Bonds" and supported by assessments imposed solely to properties located within Phase 3A ("Assessment Area 3A").

The details of the Series 2018 Bonds issuance required to fund the Series 2018 Project is found in Table 3. As shown in Table 3, the Series 2018 Bonds include several component funds typical of similar bonds, including funds to pay capitalized interest, establish a debt service reserve, and pay the costs of issuance associated with the Series 2018 Bonds. Table 3 also provides the anticipated amount or Phase 2B Bonds and Phase 3A Bonds to be issued by the District, based upon the costs required to implement the Phase 2B Project and Phase 3A Project, respectively.

3

Assessment Methodology

Assessment Foundation

The assessment methodology associated with the allocation of the costs of the CIP is a four­ step process. First, the District Engineer determines the costs for the District's infrastructure and related improvements. Second, an estimate of the amount of bonds required to finance the infrastructure improvements is calculated. Third, the District Engineer outlines which parcels benefit from the provision of each phase of infrastructure and improvements. Finally, the as-financed costs of the infrastructure and related improvements are allocated to the benefiting properties based on the approximate relative benefit each unit receives as expressed by that unit's equivalent residential unit ("ERU") value.

In allocating special assessments to benefiting property, Florida governments have used a variety of methods including, but not limited to, front footage, area, trip rates, equivalent residential units, dwelling units, and acreage. Fishkind has determined that an assessment methodology based on equivalent residential unit ("ERU") values is appropriate. These ERU values equate the benefit received by a stated amount of such particular land use category to the benefit received by a typical single-family residence. The use of ERU values to estimate the benefit derived from infrastructure improvements is recognized as a simple, fair, and reasonable method for apportioning benefit. ERU values are a commonly accepted method for calculating special benefit assessments in Florida. Here, Fishkind has chosen to assign an ERU value of 1.0 to each single-family lot.

Allocation of Specific Assessments

The CIP cost estimates are outlined in Table 2 and described in detail in the Engineer's Report. The details of the Series 2018 Bonds issuance required to fund the Series 2018 Project are shown in Table 3. The principal and related assessments to secure the Phase 28 Bonds will be equally allocated among the lots planned for Phase 28. Similarly, the principal and related assessments to secure the Phase 3A Bonds will be equally allocated among the lots planned for Phase 3A. The resulting bonds principal and related annual debt service assessments assigned to each lot within Phase 28 and Phase 3A, respectively, are shown in the corresponding Tables 4 and 5. Tables 4 and 5 become important as the land within a phase is platted, as specific bond debt service assessments will be assigned to the individual Development Units (as that term is defined below) within the relevant phases at this time.

4

Assignment of Specific Assessments

The assessments for each phase will initially be assigned to the lands in each phase on an equal per acre basis. The assessments for each phase will be equally divided among the lots within that phase, as property is initially platted. The final assignment of bond debt to a specific lot does not take place until the land containing that lot is platted (a platted single­ family lot will be referred to herein as a "Development Unit"). The specific bond debt assessment that is assigned to platted Development Units will be detailed in a future supplemental assessment report, in accordance with the principles and allocations set forth in this Methodology.

True-Up Mechanism - Master Infrastructure

In order to assure that the District's debt will not build up on the unplatted land within Phases 2B and 3A, respectively, the District shall conduct the following true-up test at the time of the approval of each plat within Phases 2B and 3A. The test is that the debt per acre remaining on the unplatted land within each phase is never allowed to increase above the initial maximum debt per acre level. Initially, the maximum level of debt per acre is calculated as the par amount of the bonds required to finance each phase's CIP divided by the number of developable acres within that respective phase. For example, suppose Assessment Area 2B contained 10 developable acres and the District issued $1,000,000 in bonds to fund the Phase 2B Project. In this example, every time Phase 2B property is platted, the debt on the remaining land within Assessment Area 2B after the plat must remain at or below $100,000 per developable acre. If not, the District would require a density reduction payment so that the $100,000 per acre level is not breached. If all of Phase 2B is included within a single plat, all $1,000,000 of Phase 2B Bonds must be fully allocated to platted lots by that plat.

In the event that additional land not currently subject to the assessments required to repay the debt associated with the Series 2018 Project is developed in such a manner as to receive special benefit from the Series 2018 Project, it is contemplated that this Methodology will be re-applied to include such new parcels. The additional land, as a result of applying this Methodology, will be allocated an appropriate share of the special assessments, while all then-assessed parcels will receive a relative adjustment in their assessment levels.

5

4.0	Contribution of District Infrastructure and/or Improvements

The costs of the District's CIP will likely be funded by two mechanisms. The first mechanism is the issuance of special assessment bonds. The second mechanism is the contribution of funds or CIP components to the District ("Contribution"). Property owners within the District will have the opportunity to make such a Contribution upon approval by the District.

A District property owner's Contribution will give rise to assessment credits that can be applied by the property owner to reduce or eliminate bond debt service assessments that would otherwise be assigned to lands within the District to fund the costs of the CIP. Prior to a property owner reducing or eliminating bond debt service assessments through a Contribution, it must be shown that the improvements funded or contributed by the property owner are a component of the CIP, as outlined in the Engineer's Report. The property owner will be permitted to apply assessment credits equal to the value of the Contribution plus the costs of financing the improvement(s) that would otherwise have been incurred by the District if the District were required to issue bonds to fund or acquire the improvement(s) (such that the property would not be responsible for bond financing costs if the Contribution was made prior to the District's issuance of special assessment bonds). A property owner possessing assessment credits due to a Contribution will, in the District's discretion, have the opportunity to use the assessment credits to adjust bond debt service assessment levels of Development Units.

5.0	Assessment Roll

As described above, the Phase 2B lands will be allocated Phase 2B Bonds principal and related annual debt service assessments ("Phase 2B Assessments"), and the Phase 3A lands will be allocated Phase 3A Bonds principal and related annual debt service assessments ("Phase 3A Assessments" and together with the Phase 2B Assessments, the "Series 2018 Assessments") at the time of issuance of the bonds. The table below outlines the initial Series 2018 Bonds principal assessment for the lands within Phases 2B and 3A. As land within Phases 2B and 3A are platted, the Series 2018 Assessments will be refined as outlined herein. The legal descriptions of the land included within Assessment Area 2B and Assessment Area 3A are found in Exhibit "A" and Exhibit "B," herein.

6

	Assessment Roll		

Series 2018	Bond Princigal	
 		Series 2018	 Bonds Gross	
Series 2018 Bonds Gross Annual	
	Bonds Princigal	Assessment ger	Annual	Assessment ger	
Descrigtion	Acreage	Assessment	Acre	Assessment (1)	Acre (1)	
Phase 2B - Exhibit A	82.91	$3,365,000	$40,586.18	$246,667	$2,975.11	
Phase 3A- Exhibit B	129.76	$10,470,000	$80,687.42	$762,688	$5,877.68	
Totals, Phases 2B & 3A	212.67	$13,849,261	$65,053.84	$1,009,355	$4,746.11	
(1) Values include a 7.0% gross-up to account for the fees of the County Property Appraiser and Tax Collector and the statutory early payment discount.

7

EXHIBIT "A" ASSESSMENT AREA 28
EXHIBIT 2: LEGAL DESCRIPTION OF PHASE 2B

BEING A PARCEL OF LAND l YING WITHIN SECTION 8, TOWNSHIP 29 SOUTH, RANGE 23 EAST, POLK COUNTY, FLORIDA, BEING MORE PARCTICULARLY DESCRIBED AS FOLLOWS:

FOR A POINT OF REFERENCE COMMENCE AT THE SOUTHEAST CORNER OF SAID SECTION 8 AND PROCEEDS 89" 5111011 W, ALONG THE SOUTH BOUNDARY THEREOF, A DISTANCE OF 1027.56 FEET TO THE erutiLQE
BEGINNING; SAID POINT ALSO BEING THE SOUTHWEST CORNER OF LOT 26 (BLOCK 4) OF TOWNE PARK ESTATES
PHASE 2A PER PLAT BOOK 	, PAGE_OFTHE PUBLIC RECORDS OF POLK COUNTY, FLORIDA; THENCES 89"51'10" W, CONTINUING ALONG SAID SOUTH BOUNDARY, A DISTANCE OF 1627.60 FEET TO THE SOUTHEAST CORNER OF THE SOUTHWEST 1/4  OF SAID SECTION 8; THENCE S 89°51'0411  W, ALONG THE SOUTH BOUNDARY THEREOF, A DISTANCE OF 321.04 FEET; THENCE N 36.19'40" E, LEAVING SAID SOUTH BOUNDARY, A DISTANCE OF 2787.77 FEET TO THE MOST SOUTHWESTERLY CORNER OF LOT 20 (BLOCK 1} OF SAID TOWNE PARK ESTATES PHASE 2A AND THE MOST WESTERLY CORNER THEREOF; SAID POINT ALSO BEING TME BEGINNING OF A NON­ TANGENTIAL CURVATURE OF A CURVE CONCAVE NORTHERLY, HAVING A RADIUS OF435.00 FEET AND A CHORD WHICH BEARS S 89°57'18" E, A DISTANCE OF 3.78 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE LEFT, AND ALONG THE BOUNDARY OF SAID TOWNE PARK PHASE 2A, A DISTANCE OF 3.78 FEETTO A POINT OF TANGENCY; THENCE N g9•47•45" E, CONTINUING ALONG THE BOUNDARY OF SAID TOWNE PARK ESTATES PHASE 2A, A DISTANCE OF 83.50 FEET TO A POINT OF CURVATURE OF A CURVE CONCAVE SOlJTHWESTERLY, HAVING A RADIUS OF 705.00 FEET AND A CHORD WHICH BEARS S 70•18139" E, A DISTANCE OF 479.78 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE RIGHT, A DISTANCE OF489.55 FEET TO A POINTOFTANGENCY;THENCE S 50 25'04" E, A DISTANCE OF 296.39 FEET TO THE POINT OF CURVATURE OF A CURVE CONCAVE WESTERLY, HAVING A RADIUS OF 595.00 FEET AND A CHORD WHICH BEARS S 11"53'28'' E, A DISTANCE OF 741.22 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE RIGHT, A DISTANCE OF 800.17 FEET TO A POINT OF TANGENCY; THENCE S 25•3g•o7" W, A DISTANCE OF 21.84 FEET; THENCE S 30•59•55" E, A DISTANCE OF 328.67 FEET; TiiENCE S 22•21138" W, A DISTANCE OF 634.33 FEET TO THE NORTH RIGHT-OF WAY OF NORTH EGRET LANE DEDICATED PER SAID TOWNE PARK ESTATES PHASE 2A; THENCE N 83°22'26" W, ALONG SAID RIGHT-OF WAY, A DISTANCE OF 81.27 FEET TO A POINT OF CURVATURE OF A CURVE CONCAVE NORTHEASTERLY, I-IAVING A RADIUS OF 25.00 FEET AND A CHORD WHICH BEARS N 30"30'24" W, A DISTANCE OF 39.86 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE RIGHT, A DISTANCE OF 46.14 FEET TO A POINT OF TANGENCY; THENCE N 22"21'38" E, A DISTANCE OF 15.58 FEET; THENCE N 67"38'22 W, A DISTANCE OF 50.00 FEET TO THE NORTHWESTERLY RIGHT• OF·WAY OF WHITE IBIS ROAD DEDICATED PER SAID TOWNE PARK PHASE 2A; THENCE S 22°21'38" W, A DISTANCE OF 31.49 FEET TO A POINT OF CURVATURE OF A CURVE CONCAVE NORTHWESTERLY, HAVING A RADIUS OF 80.00 FEET AND A CHORD WHICH BEARSS 43"39'41" W, A DISTANCE OF 58.12 FEET; THENCE ALONG THE ARC OF SAID CURVETOTME RIGHT, A DISTANCE OF 59.48 FEET TO A POINT OF TANGENCY; THENCE S
54•57•43" W, A DISTANCE OF 60.23 FEET TO THE SOUTHEAST CORNER OF TRACT D PER SAID TOWNE PARK
PHASE 2A; THENCE N 25"02'1"r W, A DISTANCE OF 110.00 FEET; THENCE N 49"00'48'' E, A DISTANCE OF 73,23 FEET; THENCE N 22"21'38" E, A DISTANCE Of 150.00 FEET; THENCE N 67"38'22" W, A DISTANCE OF 71.68 FEET THE MOST NORTHERLY CORNER OF SAID TRACT D; SAID POINT ALSO BEING THE BEGINNING OF A NON­ TANGENTIAL CURVATURE OF A CURVE CONCAVE NORTHERLYWESTERLV, HAVING A RADIUS OF 980.00 FEET AND A CHORD WHICH BEARS S 45"58'59" W, A DISTANCE OF 183.04 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE RIGHT, A DISTANCE OF 183.30 FEET TO A POINT OF REVERSE CURVATURE OF A CURVE CONCAVE SOUTHEASTERLY, HAVING A RADIUS OF 430.00 FEET AND A CHORD WHICH BEARS S 25"35'50" W, A DISTANCE OF 373.55 FEET; THENCE ALONG THE ARC OF SAID CURVE TO TME LEFT, A DISTANCE Of 386.42 FEET; THENCE S 00°08'50" E, A DISTANCE OF 107.61 FEET TO THE POINT OF BEGINNING,

THE ABOVE PARCEL CONTAlNING 82.91ACRES, MORE OR LESS.

8

EXHIBIT "B" ASSESSMENTAREA3A
PHASE 3A

A PORTION OF LAND LYING WITHIN SECTIONS 8 AND 17, TOWNSHIP 29 SOUTH, RANGE 23 EAST, CITY OF LAKELAND, POLK COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED IN TWO PARCELS AS FOLLOWS:

PARCEL A (TOWNE PARK ESTATES SOUTH):

FOR A £QlliI.QEJitGJ.NJi!W,i COMMENCE AT THE NORTHEAST CORNER OF THE NORTHEAST 1/4 OF SAID SECTION 17 AND PROCEEDS oo· 21' 42" E. ALONG THE
EAST BOUNDARY THEREOF, A DISTANCE OF 2704.03 FEET TO THE SOUTHEAST
CORNER OF THE NORTHEAST 1/4 OF SAID SECTION 17; THENCE S 89" 48' 31" W, ALONG THE SOUTH BOUNDARY THEREOF, A DISTANCE OF 2317.57 FEET; THENCE S
oo· 21' 37" E, LEAVING SAID SOUTH BOUNDARY, A DISTANCE OF 299.85 FEET; THENCE N 89' 56' 16" w, A DISTANCE OF 30.21FEET; THENCE S oo· 26' 57'' E, A
DISTANCE OF 29.97 FEET; THENCE S 89° 43' 22" W, A DISTANCE OF 307.22 FEET TO A
POINT ON THE EAST BOUNDARY OF THE SOUTHWEST 1/4 OF SAID SECTION 17; THENCE S oo· 19' 37" E, ALONG SAID EAST BOUNDARY, A DISTANCE OF 364.84 FEET;
THENCE N 71" 34' 19" W, LEAVING SAID EAST BOUNDARY, A DISTANCE OF 52.80 FEET; THENCE N 53° 08' 34" W, A DISTANCE OF 92.43 FEET; THENCE N 49• 11' 5311 W,
A DISTANCE OF 67.17 FEET; THENCE N 70" 58' 52'' W, A DISTANCE OF 70.89 FEET;
THENCE N 90' 00' 00" W, A DISTANCE OF 78.58 FEET; THENCE N 75• 58' 1211 W, A
DISTANCE OF 38.12 FEET; THENCE N 45" 00' 49'' W, A DISTANCE OF 107.83 FEET;
THENCE N 43' 02' 12" W, A DISTANCE OF 94.82 FEET; THENCE N 36° 38' 50" W, A
DISTANCE OF 112.29 FEET; THENCE N 51' 10' 54" W, A DISTANCE OF 121.62 FEET;
THENCE N 32° 54' 53" W, A DISTANCE OF 93.56 FEET; THENCE N 54• 52' 4311 W, A
DISTANCE OF 76.29 FEET; THENCE N 66" 12' 14" W, A DISTANCE OF 85.88 FEET; THENCE N 55• 11' 15" W, A DISTANCE OF 64.74 FEET; THENCE N 35• 46' 00" W, A DISTANCE OF 71.18 FEET; THENCE N 57' 06' 19" W, A DISTANCE OF 41.73 FEET; THENCE N 03° 24' 26" W, A DISTANCE OF 107.02 FEET TO THE BEGINNING OFA NON• TANGENTIAL CURVE CONCAVE SOUTHERLY, HAVING A RADIUS OF 1500.00 FEET AND A CHORD WHICH BEARS N 87" 23' 22" E, A DISTANCE OF 69.71FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE RIGHT, A DISTANCE OF 69.71FEET TO A POINT OF TANGENCY; THENCE N 88' 43' 15" E, A DISTANCE OF 416.21FEET TO A POINT OF CURVATURE OF A CURVE CONCAVE NORTHWESTERLY, HAVING A RADIUS OF 1090.00 FEET AND A CHORD WHICH DEARS N 57" 37' 21" E, A DISTANCE OF 1125.99 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE LEFT, A DISTANCE OF 1183.24 FEET TO A POINT OF TANGENCY; THENCE N 26" 31' 27" E, A DISTANCE OF 567.60 FEET TO A POINT OF CURVATURE OF A CURVE CONCAVE SOUTHEASTERLY, HAVING A RADIUS
OF 2000.00 FEET AND A CHORD WHICH BEARS N 33' 48' 01" E, A DISTANCE OF
506.60 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE RIGHT, A DISTANCE OF 507.97 FEET TO A POINT OF TANGENCY; THENCE N 41" 04' 35" E, A DISTANCE OF
650.38 FEET TO A POINT OF CURVATURE OF A CURVE CONCAVE NORTHWESTERLY,
HAVING A RADIUS OF 390.00 FEET AND A CHORD WHICH BEARS N 20• 26' 10" E, A DISTANCE OF 274.95 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE LEFT, A
DISTANCE OF 280.99 FEETTO A POINT OF TANGENCY; THENCE N oo·12' 15" w, A
DISTANCE OF 271.21FEET TO A POINT ON THE NORTH BOUNDARY OF THE NORTHEAST l/4 OF SAID SECTION 17; THENCE S 89' 51' 10'' W, ALONG SAID NORTH BOUNDARY, A DISTANCE OF 1127,56 FEET TO THE POINT OF BEGINNING.

THE ABOVE PARCEL CONTAINING 129.76 ACRES, MORE OR LESS

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APPENDIX TABLE 1 TOWNE PARK COD
PHASES 28 AND 3A LAND USE PLAN
SUPPLEMENTAL ASSESSMENT METHODOLOGY (PH. 2B & 3A)

Development Phase

Number of Single­
Family Lots

Phase 2B Phase 3A

Total

130
433

563

Suppl. Assmt. Meth. (Ph. 2B 3A)	Fishkind and Associates, Inc.	Appendix Table 1

APPENDIX TABLE 2 TOWNE PARK COD
PHASES 28 AND 3A CIP COST ESTIMATES
SUPPLEMENT AL ASSESSMENT METHODOLOGY (PH. 2B & 3A)

	Estimated Costs,	Estimated Costs,	Total Estimated Costs,	
Infrastructure Component	Phase 2B	Phase 3A	 	Phases 2B & 3A	
Offsite Improvements & Master Blvd	$0	$3,735,924	$3,735,924	
Stormwater Mngmt	$2,460,000	$6,062,000	$8,522,000	
Utilities (water, sewer & st lighting)	$682,660	$2,035,100	$2,717,760	
Roadway	$653,770	$1,991,800	$2,645,570	
Entry Feature & Signage	$374,500	$470,671	$845,171	
Parks & Amenities	$500,760	$1,199,843	$1,700,603	
Contingency	$350,960	$714,450	$1,065,410	
Totals	$5,022,650	$16,209,788	$21,232,438	

Source: Hamilton Engineering & Surveying, Inc.

Suppl. Assmt. Meth. (Ph. 28 3A)	Fishkind and Associates, Inc.	Appendix Table 2

APPENDIX TABLE 3 TOWNE PARK CDD
SERIES 2018 BONDS DETAILS
SUPPLEMENTAL ASSESSMENT METHODOLOGY (PH. 28 & 3A)

	Total Values, Ph. 28 &	
Series 2018 Bonds Fund	Phase 28 Bonds	Phase 3A Bonds	3A Bonds	
Ph. 28 & 3A Construction Funds	$2,835,547	$9,077,545	$11,913,092	
Debt Service Reserve	$183,520	$567,440	$750,960	
Capitalized Interest	$154,241	$479,956	$634,198	
Costs of Issuance (Including Underwriter's Fee)	$188,700	$335,805	$524,505	
Original Issuer's Discount	$2,992	$9,254	$12,245	
Estimated Bonds Principal	$3,365,000	$10,470,000	$13,835,000	

Average Annual Coupon Rate:	5.44%	5.44%		
Term (Years):	30	30		
Maximum Net Annual Debt Service:	$229,400	$709,300	$938,700	
Maximum Gross Annual Debt Service (1):	$246,667	$762,688	$1,009,355	

Includes a 7.0% gross-up to account for the fees of the County Property Appraiser and Tax Collector and the statutory early payment discount.

Suppl. Assmt. Meth. (Ph. 2B 3A)	Fishkind and Associates, Inc.	Appendix Table 3

APPENDIX TABLE 4 TOWNE PARK COD
PHASE 2B SERIES 2018 BONDS ASSESSMENTS
SUPPLEMENTAL ASSESSMENT METHODOLOGY (PH. 2B & 3A)

PHASE 2B

Unit Type	Unit Count	ERUs/Unit (1)

Bond Principal Total ERUs	Allocation/ Category

Bond Principal Allocation/Unit

Single Family Lots (Phase 2B)	130	1.00	130.00	$3,365,000	$25,885

Unit Type

Bond Net Annual		Bond Net Annual Assessment/ Category	Assessment/ Unit

Bond Gross Annual Assessment/Unit (1)

Single Family Lots (Phase 2B)	$229,400	$1,765	$1,897

(1) Includes a 7.0% gross-up to account for the fees of the County Property Appraiser and Tax Collector and the statutory early payment discount.

Suppl. Assmt. Meth. (Ph. 28 3A)	Fishkind and Associates, Inc.	Appendix Table 4

APPENDIX TABLE 5 TOWNE PARK CDD
PHASE 3A SERIES 2018 BONDS ASSESSMENTS
SUPPLEMENTAL ASSESSMENT METHODOLOGY (PH. 28 & 3A)

PHASE 3A

Unit Type	Unit Count	ERUs/Unit (1)

Bond Principal Total ERUs	Allocation/ Category

Bond Principal Allocation/Unit

Single Family Lots (Phase 3A)	433	1.00	433.00	$10,470,000	$24,180

Unit Type

Bond Net Annual		Bond Net Annual Assessment/ Category	Assessment/ Unit

Bond Gross Annual Assessment/Unit (1)

Single Family Lots (Phase 3A)	$709,300	$1,638	$1,761

Includes a 7.0% gross-up to account for the fees of the County Property Appraiser and Tax Collector and the statutory early payment discount.

Suppl. Assmt. Meth. (Ph. 28 3A)	Fishkind and Associates, Inc.	Appendix Table 5

Towne Park Community Development District

Resolution 2018-11

RESOLUTION 2018-11

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT SETTING FORTH THE SPECIFIC TERMS OF THE DISTRICT'S SPECIAL ASSESSMENT BONDS, SERIES 2018 (ASSESSMENT AREA 2B PROJECT); CONFIRMING THE DISTRICT'S PROVISION OF IMPROVEMENTS; CONFIRMING THE SUPPLEMENT AL ENGINEER'S REPORT AND SUPPLEMENT AL ASSESSMENT REPORT; CONFIRMING, ALLOCATING AND AUTHORIZING THE COLLECTION OF SPECIAL ASSESSMENTS SECURING THE SERIES 2018 BONDS; PROVIDING FOR THE APPLICATION OF TRUE-UP PAYMENTS; PROVIDING FOR THE SUPPLEMENTATION OF THE IMPROVEMENT LIEN BOOK; PROVIDING FOR THE RECORDING OF A NOTICE OF SERIES 2018 SPECIAL ASSESSMENTS (ASSESSMENT AREA 2B PROJECT); PROVIDING FOR CONFLICTS, SEVERABILITY AND AN EFFECTIVE DATE

WHEREAS, the Towne Park Community Development District ("District") has previously indicated its intention to undertake, install, establish, construct or acquire certain public improvements and to finance such public improvements through the imposition of special assessments on benefited property within the District and the issuance of bonds; and

WHEREAS, the District's Board of Supervisors ("Board") has previously adopted, after notice and public hearing, Resolution 2015-17, relating to the imposition, levy, collection and enforcement of such special assessments; and

WHEREAS, pursuant to and consistent with the terms of Resolution 2015-17, this Resolution shall set forth the te1ms of bonds actually issued by the District, and apply the adopted special assessment methodology to the actual scope of the project to be completed  with a series of bonds and the terms of the bond issue; and

WHEREAS, on June 1, 2018, the District entered into a Bond Purchase Contract, whereby it agreed to sell $3,365,000 of its Special Assessment Bonds, Series 2018 (Assessment Area 2B Project) (the "Assessment Area 2B Bonds"); and

WHEREAS, pursuant to and consistent with Resolution 2015-17, the District desires to set forth the particular te1ms of the sale of the Assessment Area 2B Bonds and to confirm the liens of the levy of special assessments securing the Assessment Area 2B Bonds.

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

SECTION 1. AUTHORITY FOR THIS RESOLUTION. This Resolution is adopted pursuant to the provisions of Florida law, including Chapters 170, 190 and 197, Florida Statutes, and Resolution 2015-17.

SECTION 2. FINDINGS. The Board of Supervisors of the Towne Park Community Development District hereby finds and dete1mines as follows:

On January 21, 2015, the District, after due notice and public hearing, adopted Resolution 2015-17, which, among other things, equalized, approved, confirmed and levied special assessments on property benefiting from the improvements authorized by the District. That Resolution provides that as each series of bonds is issued to fund all or any portion of the District's improvements, a supplemental resolution will be adopted to set forth the specific terms of each series of the bonds and certifying the amount of the liens of the special assessments securing any portion of the bonds, including interest, costs of issuance, the number of payments due, any True-Up amounts and the application of receipt of any True-Up proceeds.

The Preliminary Engineer's Report, dated November 2014 (the "Master Engineer's Report"), as amended by the First Amendment to the Master Engineer's Report dated November 2014, dated March 2018 (the "First Amended Master Engineer's  Report" and, together  with the Master Engineer's Report, the "Engineer's Report"), and as supplemented by  the  Towne Park Community Development  District  Second  Supplemental  Engineer's  Report,  Phase  2B  &  3A, dated February 2018, and attached to this Resolution as Exhibit A (the "Supplemental Engineer's Report"), identifies and describes the presently expected components of the infrastructure improvements for the Assessment Area 2B Project to be financed all or  in  part with the Assessment Area 2B Bonds (the "Improvements"), and the estimated costs of the Assessment Area 2B Project as $5,022,650. The District hereby confirms that the Assessment Area 2B Project serves a proper, essential and valid public purpose. The Engineer's Report is hereby approved, adopted, and confirmed. The District ratifies its use in connection with the sale of the Assessment Area 2B Bonds.

The Amended and Restated Master Assessment Methodology, dated March 8, 2018 ("Amended and Restated Master Assessment Report"), which amends the Master Assessment Methodology, dated January 21, 2015, as supplemented by that certain Supplemental Assessment Methodology (Phases 2B & 3A), dated June 1, 2018 (the "Supplemental  Assessment  Report" and, together with the Amended and Restated Master Report, the "Assessment  Report"), attached to this Resolution as Composite Exhibit B, applies to the Improvements and the actual te1ms of the Assessment Area 2B Bonds. The Assessment Report is hereby approved, adopted and confirmed. The District ratifies its use in connection  with the sale of the Assessment  Area 2B Bonds.

The Assessment Area 2B Project will specially benefit ce1iain property within the District which prope1iy is known as Assessment Area 2B, a legal description of which is attached hereto as Exhibit C (the "Assessment  Area 2B Lands").  It is reasonable,  proper, just and right to assess the portion of the costs of the Assessment Area 2B Project financed with  the Assessment Area 2B Bonds to the specially benefited properties within the District as set fo1ih in Resolution 2015-17, and this Resolution.

SECTION  3.	CONFIRMATION OF MAXIMUM ASSESSMENT LIEN FOR
ASSESSMENT AREA 2B BONDS. As provided in Resolution 2015-17, this Resolution is intended to set forth the terms of the Assessment Area 2B Bonds and the final amount  of the liens of the special assessments securing those bonds.

The Assessment Area 2B Bonds, in a par amount of $3,365,000, shall bear such rates of interest and maturity as shown on Exhibit D, attached hereto. The final payment on the Assessment Area 2B Bonds shall be due on November 1, 2049. The estimated sources and uses of funds of the Assessment Area 2B Bonds shall be as set forth in Exhibit E. The debt service due on the Assessment Area 2B Bonds is set forth on Exhibit F attached hereto.

The lien of the special assessments securing the Assessment Area 2B Bonds on the Assessment Area 2B Lands (the "Assessment Area 2B Special Assessments"), shall be the principal amount due on the Assessment Area 2B Bonds, together with accrued but unpaid interest thereon, and together with the amount by which annual assessments are grossed up to include early payment discounts required by law and costs of collection. The Assessment Area 2B Bonds are secured solely by the lien against the Assessment Area 2B Lands.

SECTION 4. ALLOCATION OF ASSESSMENTS SECURING THE ASSESSMENT AREA 2B BONDS.

The special assessments for the Assessment Area 2B Bonds shall be allocated in accordance with Composite Exhibit B, which allocation shall initially be on an acreage basis and fmiher allocated as lands are platted. The Supplemental Assessment Report  is consistent  with the Amended and Restated Master Assessment Report. The Supplemental Report, considered herein, reflects the actual terms of the issuance of the District's Assessment Area 2B Bonds. The estimated costs of collection of the special assessments for the Assessment Area 2B Bonds are as set fo1ih in the Supplemental Assessment Report.

The lien of the special assessments securing the Assessment Area 2B Bonds includes all property within the Assessment Area 2B Lands, and as such land is ultimately defined and set fo1ih in any plats, certificates of occupancy or other designations of developable acreage.

Taking into account capitalized interest and earnings on certain funds and accounts as set fo1ih in the Master Trust Indenture and the Second Supplemental Trust Indenture, the District shall begin annual collection of special assessments on May 1, 2019, for the Assessment Area 2B Bonds debt service payments due on November 1, 2019, using the methods available to it by  law. Debt service payments and semi-annual installments of interest are reflected on Exhibit F. The Assessment Area 2B Bonds include an amount for capitalized interest through May 1, 2019.

An owner of property subject to the Assessment Area 2B Special Assessments may pay in whole or in part the principal balance of such Assessment Area 2B Special Assessments at any time if there is also paid an amount equal to the interest that would otherwise be due on such prepaid amount on the next succeeding interest payment date, or, if prepaid during the fo1iy-five

(45) day period preceding such interest payment date, to the interest payment date following  such next succeeding interest payment date.

An owner of property subject to the levy of Assessment Area 2B Special Assessments may pay the entire balance of the Assessment Area 2B Special Assessments remaining due, without interest, within thirty (30) days after the related Assessment Area 2B Project has been completed or acquired by the District, and the Board has adopted a resolution accepting such Assessment Area 2B Project pursuant to Chapter 170.09, Florida Statutes. This provision is subject to waiver by the owner of property at any time prior to or after the issuance of the Assessment Area 2B Bonds.

The District hereby certifies the special assessments for collection and directs staff to take all actions necessary to meet the time and other deadlines imposed by Polk County and Florida law for collection. The District intends, to the extent possible and subject to entering into the appropriate agreements with the Polk County Tax Collector and Polk County Property Appraiser (or other appropriate Polk County, Florida officials) to collect the Assessment Area 2B Special Assessments on platted lands contained within a plat or certificate of occupancy  using the Uniform Method in Chapter 197, Florida Statutes. The District intends, to the extent possible, to directly bill, collect and enforce the Assessment Area 2B Special Assessments on lands not included within an approved plat or certificate of occupancy unless in any year, the District determines it to be in its best interest to collect such assessments using the Uniform Method in Chapter 197, Florida Statutes. The District Manager shall prepare or cause to be prepared each year an assessment roll for purposes of effecting the collection of the special assessments and present same to the District Board as required by law. The District Manager is further directed and authorized to take all actions necessary to collect special assessments on property using methods available to the District authorized by Florida law in order to provide for the timely payment of debt service.

SECTION 5. APPROVAL OF TRUE-UP PROCESS AND APPLICATION OF TRUE-UP PAYMENTS.

Pursuant to Resolution 2015-17, there may be required from time to time certain True-Up payments. As parcels of land are included in a plat or certificate of occupancy, the special assessments securing the Assessment Area 2B Bonds shall be allocated as set forth in Resolution 2015-17, this Resolution, and the Assessment Report, including, without limitation, the application of the True-Up process set forth in the Assessment Report.

Based on the final par amount of $3,365,000 in Assessment Area 2B Bonds, the True­ Up calculations will be made in accordance with the process set forth in the Assessment Report. The District shall apply all True-Up payments related to the Assessment Area 2B Bonds only to the credit of the Assessment Area 2B Bonds. All True-Up payments, as well as all other prepayments of assessments, shall be deposited into the accounts specified in the Second Supplemental Trust Indenture, dated as of June 1, 2018, governing the Assessment Area 2B Bonds.

SECTION 6. IMPROVEMENT LIEN BOOK. Immediately following the adoption of this Resolution these special assessments as reflected herein shall be recorded by the Secretary of the Board of the District in the District's Improvement Lien Book. The special assessment or assessments against each respective parcel shall be and shall remain a legal, valid and binding first lien on such parcel until paid and such lien shall be coequal with the lien of all state, county, district, municipal or other governmental taxes and superior in dignity to all other liens, titles,  and claims.

SECTION  7.  OTHER  PROVISIONS  REMAIN IN EFFECT.	This Resolution is
intended to supplement Resolution 2015-17, which remains in full force and effect. This Resolution and Resolution 2015-17 shall be construed to the maximum extent possible to give full force and effect to the provisions of each resolution. All District resolutions or parts thereof in actual conflict with this Resolution are, to the extent of such conflict, superseded and repealed.

SECTION 8. ASSESSMENT NOTICE. The District's Secretary is hereby directed to record a Notice of Series 2018 Special Assessments securing the Assessment Area 2B Bonds in the Official Records of Polk County, Florida, or such other instrument evidencing the actions taken by the District.

SECTION 9. SEVERABILITY. If any section or part of a section of this resolution be declared invalid or unconstitutional, the validity, force and effect of any other section or part of a section of this resolution shall not thereby be affected or impaired unless it clearly appears that such other section or part of a section of this resolution is wholly or necessarily dependent upon the section or part of a section so held to be invalid or unconstitutional.

SECTION 10. EFFECTIVE DATE. This Resolution shall become effective upon its adoption.

{Signatures Set Forth on the Following Page}

APPROVED AND ADOPTED this 14th day of June, 2018.

ATTEST:	TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A: Comp. Exhibit B:

Exhibit C: Exhibit D: Exhibit E: Exhibit F:

Second Supplemental Engineer's Report, Phase 2B & 3A, dated February 2018
Amended and Restated Master Assessment Methodology, dated March 8, 2018, as supplemented by that ce1iain Supplemental Assessment Methodology, (Phases 2B & 3A), dated June 1, 2018
Legal Description of Assessment Area 2B Lands Maturities and Coupons of Assessment Area 2B Bonds Sources and Uses of Funds for Assessment Area 2B Bonds
Annual Debt Service Payment Due on Assessment Area 2B Bonds

TOWNE PARK

UNITY DEVELOPMENT DISTRICT

UPPLEMENTAL ENGINEER'S REPORT

E 2B & 3A (Assessment Area 2)

PREPARED FOR: BOARD OF S UP E R V IS O RS
TO W NE PARK

M M UNITY DE V ELOP M ENT DISTRICT

PREPARED BY:

----1----

M	IL	TON
R   I   N   G	&	S	U    R  V  E	Y   I  N   G,	I N C .
.omp   a.  FL 33809   I Ph  ono: B"l.3 .2  60  . 3-6    & ..F  : u c.: R 13  .2 S  0 3  63 8
Engineering Business No. 8474

FEBRUARY 20:J.B

TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT

TABLE OF CONTENTS

INTRODUCTION	1
PURPOSE AND SCOPE	2
Ill.	PROPOSED IMPROVEMENTS	2
PERMITTING	8
CONCLUSION	10

LIST OF TABLES & EXHIBITS

TABLE 1 - Land Use Summary Within the District

TABLE 2 - Summary of Opinion of Probable Costs

EXHIBIT l - Map of Phase 2B

EXHIBIT 2- Legal Description of Phase 2B

EXHIBIT 3- Map of Phase 3A

EXHIBIT 4 - Legal Description of Phase 3B

TOWNE PARK
SECOND SUPPLEMENTAL ENGINEER'S REPORT
PHASE 2B & 3A (Assessment Area 2 and 3)

INTRODUCTION

The Towne Park Community Development District (the "District" or the "CDD") is located south of West Pipkin Road and north of Ewell Road, just east of County Line Road, in the City of Lakeland, Polk County, Florida. The District currently contains approximately 587 acres, and is expected to consist of 1,453 single family and/or multi-family residential units, recreation and amenity areas, parks, and associated infrastructure.

The CDD was established under City of Lakeland Ordinance No. 14-051, which was passed by the City Council on November 3, 2014. The COD will own and operate the roadways and stormwater management facilities, as well as the landscape, irrigation, signage, and recreational facilities within the Community.

Improvements and facilities financed, acquired, and/or constructed by the CDD will be required to conform to regulatory requirements of the City of Lakeland, Polk County, Southwest Florida Water Management District (SWFWMD), and other agencies with regulatory jurisdiction over the development. An overall estimate of probable cost is provided in Table 2 of this report.

The development plan prepared by the CDD reflects the present intentions of the CDD. It should be noted that the location of proposed facilities and improvements may be adjusted during the final design, permitting, and implementation phases. It should also be noted that these modifications are not expected to diminish the benefits received by the Towne Park Community (the "Community"). The CDD reserves the right to make reasonable adjustments to the development plan to meet applicable regulatory requirements of agencies with jurisdiction over the development, while maintaining comparable levels of benefits to the community served by the improvements. Changes and modifications are expected as changes in regulatory criteria are implemented.

1

Implementation of any proposed facilities or improvements outlined in this report requires written approval from the CDD's Board of Supervisors. Estimated costs outlined in this report were based on best available information, which includes but is not limited to previous experience with similar projects. Actual costs could be different than estimates because final engineering and specific field conditions may affect construction costs.

All roadway improvements, sidewalks, and storm drainage collection systems (from the curb inlets to their connection to the Stormwater ponds) within the Community will be owned and maintained by the COD. Water distribution and wastewater collection systems (gravity lines, force mains, and lift stations) will be dedicated to City of Lakeland for ownership and maintenance.

PURPOSE AND SCOPE

The purpose of this report is to provide engineering support to fund improvements in Phases 2B and 3A of the Community. Phase 2B is currently approved and permitted for 130 single family residential units and their associated infrastructure, while Phase 3A is currently designed and being permitted for 433 single family residential units and their associated infrastructure. This report will identify the proposed capital improvements to be constructed or acquired by the District along with an opinion of probable cost.

This report should be reviewed in conjunction with the Master Engineer's Report.

Ill.	PROPOSED IMPROVEMENTS

The infrastructure Improvements for Phase 2B include the following:

stormwater Management Facmues
Stormwater management facilities consisting of storm conveyance systems and retention ponds are contained within the District boundaries. Stormwater runoff is collected via roadway curb and gutter to storm inlets, which are connected by storm culverts. The storm culverts convey the runoff into the proposed detention ponds for water quality treatment and attenuation. The proposed stormwater systems will utilize wet detention for biological pollutant assimilation to achieve water quality treatment.
2

The design criteria for the  District's stormwater  management  systems  is regulated by the City of Lakeland, Polk County and SWFWMD.

FEMA Community Panel No. 12105C-0460F (dated 12/19/2000) demonstrates that the property is located within Flood Zones A & X. Floodplain compensation  will be  required for any fill placed within Flood Zone A. Additionally, there are existing wetlands  on  site that have been delineated and approved  by  the appropriate  regulatory  agencies  for such purposes.

During the construction of stormwater management facilities, utilities and roadway improvements, the site contractor will be required to adhere to a Stormwater Pollution Prevention Plan (SWPPP) as required by FDEP as delegated by the Environmental Protection Agency (EPA). The SWPPP will be prepared to depict for the contractor the proposed locations of required erosion control consisting of staked turbidity barriers along the down gradient side of any proposed construction activity and  adjacent  to the wetland edges and the perimeters. The site contractor will be required to provide the necessary reporting on various forms associated with erosion control, its maintenance and any rainfall events that occur during construction activity.

Roadways
The proposed public roadway  sections  will  be  owned  by  the  District  and  are  to be 50' R/W with 20' of asphalt and Miami curb and gutter on both sides. The proposed roadway section will consist of stabilized subgrade, crushed concrete or cement treated base and asphalt wearing surface. The proposed curb is to be 2' wide and placed along the edge of the proposed roadway section for purposes  of  protecting the integrity of the pavement and also to provide stormwater  runoff  conveyance  to the proposed stormwater inlets. Roadway underdrains may  be  provided  as necessary to control groundwater and protect the roadway base material.

The proposed roadways will require signage and pavement markings  within  the public rights-of-way, as well as street  signs  depicting  street  name  identifications and block numbers, which will be utilized by the residents and public.  It is intended that the CDD will bond all public roadway improvements.

3

water and Wastewater Facmttes
A potable water system inclusive of water main, gate  valves,  fire  hydrants  and appurtenances will be installed for the Development. The water service provider  will be  the City of Lakeland Public Utilities. The water system will be a "looped" system consisting of  4",  611 ,      and   811    diameter  PVC  water  lines.  These  facilities  will  be  installed   within   the proposed public  rights-of-way  within  the  District.  The  water  system  will  provide  the potable (domestic) and fire protection services which will serve the entire District.

A domestic wastewater collection system consisting of gravity sanitary sewer  mains  and sewer laterals will be installed. The gravity sanitary sewer mains will be 8" diameter PVC. The gravity sanitary sewer lines will be placed inside of the proposed  public rights-of-way,  under the proposed paved roadways. Branching off from these sewer lines will be laterals to  serve the individual lots. No pump  station  or  force  mains  are  required  because  the  project has an existing sanitary sewer pump station adjacent to the site.

Reclaimed water is not available for this site. An irrigation well to be funded by the District will be installed onsite to provide irrigation within  the public right  of way.  Any water,  sewer,  or reclaim water pipes or facilities placed on private property will not be publicly funded.

Off-Site fmproyements
There are no off-site improvements currently planned for Phase 2B.

Entry features I Landscapjnq & Irriaatfoo t Amenit;es;
District improvements will include entry features at the primary access points on Medulla Road. These features will include signage identifying the community, as well as buffer walls, fencing, landscaping and irrigation to enhance the entrance. The District will own, operate and maintain these features.

The District will provide streetscape along the local collector roads as required by the City of Lakeland Land Development Code. Landscaping and irrigation will also be provided within the local collector road rights-of-way and other common areas provided throughout the Community. The District will maintain the streetscape, landscape, and irrigation
4

systems are they are placed into service.

There are several tracts within the Community that are reserved for recreational use. Anticipated development includes a clubhouse with paved parking area, swimming pool, multi-purpose fields, tennis courts,  multi-purpose  fields,  parks  and  open  spaces.  The District will operate and maintain the public facilities constructed within these areas.

Miscellaneous:
Upon completion of each phase of these improvements, inspection / certifications will be obtained from SWFWMD, the Polk County Health Department (water distribution system), Department of Environmental Protection (DEP, wastewater collection) and the City of Lakeland.

The stormwater improvements, roadways, landscaping and irrigation, mitigation area(s), and certain permits and professional fees as described in this report, are being financed by the District with the intention of benefiting all of the developable real property within this phase. The construction and maintenance of the proposed public improvements  will benefit the Development for the intended use as a mixed use planned development.

The Infrastructure improvements for Phase 3A include the following:

Stormwater Management Facmtjes
Stormwater management facilities consisting of storm conveyance systems and retention ponds are contained within the District  boundaries and  will be  owned and operated by the District. Stormwater runoff is collected via roadway curb and gutter to storm inlets, which are connected by storm culverts. The storm culverts convey the runoff into the proposed detention ponds for water quality treatment and attenuation. The proposed stormwater systems will utilize wet detention for biological pollutant assimilation to achieve water quality treatment. The design criteria for the District's stormwater management systems is regulated by the City of Lakeland, Polk County and SWFWMD.

FEMA Community Panel No. 12105C-0460F (dated 12/19/2000) demonstrates that the property is located within Flood Zones A & X. Floodplain compensation will be required for
5

any fill placed within Flood Zone A. Additionally, there are existing wetlands on site that have been delineated and approved by the appropriate regulatory agencies for such purposes.

During the construction of stormwater management facilities, utilities and roadway improvements, the site contractor will be required to adhere to a Stormwater Pollution Prevention Plan (SWPPP) as required by FDEP as delegated by the Environmental Protection Agency (EPA). The SWPPP will be prepared to depict for the contractor the proposed locations of required erosion control consisting of staked turbidity barriers along the down gradient side of any proposed construction activity and  adjacent  to the wetland  edges and the perimeters. The site contractor will be required to provide the necessary reporting on various forms associated with erosion control, its maintenance and any rainfall events that occur during construction activity.

Roadways
The proposed local public roadway sections will be owned by  the  District  andare to be 50' R/W with 20' of asphalt and Miami curb and gutter on both sides. The proposed roadway section will consist of stabilized subgrade, crushed concrete or cement treated base and asphalt wearing surface. The proposed curb is to be 2' wide and placed along the edge of the proposed roadway section for purposes of protecting the integrity of the pavement and also to provide stormwater runoff conveyance to the proposed stormwater inlets. Roadway underdrains may be provided as necessary to control groundwater and protect the roadway base material.

The proposed collector public roadway section will be 100' R/W with 22' of asphalt travel lanes with 4' asphalt bike lanes and Miami curb and gutter  on  both  sides.  The collector  road   will   also  include   a  10'  wide   asphalt   multi-use tr a i I  a n d  a  5 '  s i d e w a I k .	The proposed roadway section will consist of stabilized subgrade, crushed concrete or cement treated base and asphalt wearing surface. The proposed curb is to be 2' wide and placed along the edge of the proposed roadway section for purposes of protecting the integrity of the pavement and also to provide stormwater runoff conveyance to the proposed stormwater inlets. Roadway underdrains may be provided as necessary to control groundwater and protect the roadway base material.

6

The proposed roadways will require signage and pavement markings within the public rights-of-way, as well as street signs depicting street name identifications and block numbers, which will be utilized by the residents and public. It is intended that the CDD will bond all public roadway improvements.

Water and wastewater Facmt;es
A potable water system inclusive of water main, gate  valves,  fire  hydrants  and appurtenances will be installed for the Development. The water  service provider will be  the City of Lakeland  Public  Utilities.  The  water  system  will  be  a  "looped"  system  consisting of 4", 6" and 8" diameter PVC and 12" DIP  water  lines.  These  facilities  will be  installed within the proposed public rights-of-way within  the  District. The  water  system  will  provide the potable (domestic) and fire protection services which will serve the entire District.

A domestic wastewater collection system consisting of gravity sanitary sewer mains and sewer laterals will be installed. The gravity sanitary sewer mains will be 8" diameter PVC. The gravity sanitary sewer lines will be placed inside of the proposed public rights-of-way, under the proposed paved roadways. Branching off from these sewer lines will be laterals to serve the individual lots. A  pump  station  and  8"  PVC  force  main  is  required  to  serve Phase 3A.

Reclaimed water is not available for this site. An irrigation well to be funded by the District will be installed onsite to provide irrigation within  the public right  of way.  Any water,  sewer, or reclaim water pipes or facilities placed on private property will not be publicly funded.

Ott-s;te lmproyemeots
Offsite improvements for Phase 3A include access turn lanes at Pipkin and Medulla as well as approximately 1,000 linear feet of 8" PVC force main extension in Pipkin Road.

Entry Features I Landscaping & lcr;aafioo I Amenmes;
District improvements will include entry features at the primary access points on West Pipkin Road and Medulla Road. These features will include signage identifying the community, as well as buffer walls, fencing, landscaping and irrigation to enhance the entrance. The District will own, operate and maintain these features.
7

The District will provide streetscape along the local collector roads as required by the City of Lakeland Land Development Code. Landscaping and irrigation will also be provided within the local collector road rights-of-way and other common areas provided throughout the Community. The District will maintain the streetscape, landscape, and  irrigation systems are they are placed into service.

There are several tracts within the Community that are reserved for recreational use. Anticipated development includes a clubhouse with paved parking area, swimming pool, multi-purpose fields, tennis courts,  multi-purpose  fields,  parks  and  open  spaces.  The District will operate and maintain the public facilities constructed within these areas.

MisceUaneous:
Upon completion of each phase of these improvements, inspection / certifications will be obtained from SWFWMD, the Polk County Health Department (water distribution system), Department of Environmental Protection (DEP, wastewater collection) and the City of Lakeland.

The stormwater improvements, roadways, landscaping and irrigation, mitigation area(s), and certain permits and professional fees as described in this report, are being financed by the District with the intention of benefiting all of the developable real property within this phase. The construction and maintenance of the proposed public improvements  will benefit the Development for the intended use as a mixed use planned development.

Ill.	PERMITTING

Construction permits for Phase 2B have been obtained, which include the SWFWMD Environmental Recourse Permit (ERP). There are no proposed impacts to Army Corps of Engineer (ACOE) jurisdictional wetlands within the project boundaries, therefore no permits are required from that agency.
Construction permits for Phase 3A have not yet been obtained, including SWFWMD Environmental Recourse Permit (ERP). There are no proposed impacts to Army Corps of Engineer (ACOE) jurisdictional wetlands within the project boundaries, therefore no permits are required from that agency.
8

Following is a summary of required permits obtained and pending for the construction of the public infrastructure improvements for the District:

PHASE 2B

Permits / Approvals	Approval / Expected Date	
Zoning Approval (Lakeland)	October 2014	
Preliminary Plat (Lakeland)	December 2014	
SWFWMD ERP	February 2016	
Construction Permits (Lakeland)	May 2018	
FDEP Water	May 2018	
FDEP Sewer	May 2018	

PHASE 3A

Permits / Approvals	Approval / Expected Date	
Zoning Approval (Lakeland)	December 2017	
Preliminary Plat (Lakeland)	May 2018	
SWFWMD ERP	May 2018	
Construction Permits (Lakeland)	May 2018	
FDEP Water	May2018	
FDEP Sewer	May 2018	

9

IV.	CONCLUSION

It is our professional opinion that the public infrastructure costs for the District provided in this report are reasonable to complete the construction of the infrastructure. Furthermore, the public infrastructure improvements will benefit and add value to lands within the District at least equal to the costs of such improvements.

The Opinion of Probable Costs of the infrastructure is only an estimate and is not a guaranteed maximum price. The estimated costs are based upon unit prices currently experienced  on an ongoing and similar basis for work in Polk County. Furthermore, the quantities are a derivative of line items from specific construction documents and construction contracts as of this date. However, labor market, future costs of equipment, materials, changes to the regulatory permitting agencies activity, and the actual construction processes employed by the chosen site contractor are beyond the engineer's control. Due to this  inherent opportunity for changes (upward or downward) in the construction costs, the total, final construction cost may be more or less than this estimate.

Based upon the presumption that the Project construction continues in a timely manner, it is our professional opinion that the proposed public improvements when constructed and built in substantial conformance with the approved plans and specifications, can be completed and used for their intended function. Be advised that we have utilized historical costs and direct unit costs from site contractors and consultants in Polk County, which we believe to be necessary in order to facilitate estimated costs associated with the Opinion of Probable Costs. Based upon the information above, it is our professional opinion that the acquisition and construction costs of the proposed project can be completed at the cost as stated.

10

TOWNE PARK
Community Development District

Table 1 - Land Use Summary Within The District Boundaries

Distribution by Land Use (1 l

Land Use	Ph 2B (acres)	Ph 3A (acres)	TOTAL (acres)	Percentage	
Stonnwater Ponds	22.71	19.1	41.81	19.7 %	
Residential	35.61	98.95	134.56	63.3%	
Commercial	0	0	0	0%	
Wetland / Conservation	24.59	6.71	31.3	14.7 %	
Recreation / Open Space	0	5	5	2.3%	
TOTAL	82.91	129.76	212.67	100.0 %	

Distribution by Lot Size <2l

Phase	SF Lots	MF Units	TOTAL	Percentage	
2s <3l	130	0	130	23.1 %	
3A	433	0	433	76.9%	
TOTAL	563	0	563	100.0 %	

Notes:
Figures are approximate; Areas may change upon final layout
Lot widths subject to change
Current approved lot count

ABLE2

NNE PARK VELOPMENT DISTRICT

nion of	Probable Cost

130	433 	S63	
ase2 B1 1	Phase3 A'1 >	Total	
-	$	3,735,924	$	3,735,924	
2,460,000	$	6,062,000	$	8,522,000	
682,660	$	2,035,100	$	2,717,760	
653,770	$	1,991,800	$	2,645,570	
374,500	$	470,671	$	84 5,1 7 1	
500,760	$	1 ,199,  843	$	1,700,603	
350,960	$	714,450	$	1,065,410	
s,  0-2  2,s s o	$	16, 20 9,78 8 ,	$	2:1,232,438	

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mp   r o v e m  e n ts,	Stormwater  management
n and utilities, entry feature, landscaping and

g associated with building pads. n .
ving, curbing, and civil/site engineering. All
public.
nd civil/site engineering.

dscape, landscap  eJ   irrigation andfencing. ment with Lakeland Electr ic for the street light

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EXHIBIT 2: LEGAL DESCRIPTION OF PHASE 2B

BEING A PARCEL OF LAND LYING WITHIN SECTION 8, TOWNSHIP 29 SOUTH, RANGE 23 EAST, POLK COUNTY, FLORIDA, BEING MORE PARCTICULARLY DESCRIBED AS FOLLOWS:

FOR A POINT OF REFERENCE COMMENCE AT THE SOUTHEAST CORNER OF SAID SECTION 8 AND PROCEEDS 89°51'10" W, ALONG THE SOUTH BOUNDARY THEREOF, A DISTANCE OF 1027.56 FEET TO THE POINT OF BEGINNING; SAID POINT ALSO BEING THE SOUTHWEST CORNER OF LOT 26 (BLOCK 4) OF TOWNE PARK ESTATES PHASE 2A PER PLAT BOOK_, PAGE_ OF THE PUBLIC RECORDS OF POLK COUNTY, FLORIDA; THENCE S 89°51'10" W, CONTINUING ALONG SAID SOUTH BOUNDARY, A DISTANCE OF 1627.60 FEET TO THE SOUTHEAST CORNER OF THE SOUTHWEST 1/4 OF SAID SECTION 8; THENCE S 89°51'04" W, ALONG THE SOUTH BOUNDARY THEREOF, A DISTANCE OF 321.04 FEET; THENCE N 36°19'40" E, LEAVING SAID SOUTH BOUNDARY, A DISTANCE OF 2787.77 FEET TO THE MOST SOUTHWESTERLY CORNER OF LOT 20 (BLOCK 1) OF SAID TOWNE PARK ESTATES PHASE 2A AND THE MOST WESTERLY CORNER THEREOF; SAID POINT ALSO BEING THE BEGINNING OF A NON­ TANGENTIAL CURVATURE OFA CURVE CONCAVE NORTHERLY, HAVING A RADIUS OF 435.00 FEET AND A CHORD WHICH BEARS S 89°57'18" E, A DISTANCE OF 3.78 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE LEFT, AND ALONG THE BOUNDARY OF SAID TOWNE PARK PHASE 2A, A DISTANCE OF 3.78 FEET TO A POINT OF TANGENCY; THENCE N 89°47'45" E, CONTINUING ALONG THE BOUNDARY OF SAID TOWNE PARK ESTATES PHASE 2A, A DISTANCE OF 83.50 FEET TO A POINT OF CURVATURE OF A CURVE CONCAVE SOUTHWESTERLY, HAVING A RADIUS OF 705.00 FEET AND A CHORD WHICH BEARS S 70°18'3911  E, A DISTANCE OF 479.78 FEET; THENCE  ALONG THE ARC OF SAID CURVE TO THE RIGHT, A DISTANCE OF 489.55 FEET TO A POINT OF TANGENCY; THENCE S 50°25'04" E, A DISTANCE OF 296.39 FEET TO THE POINT OF CURVATURE OF A CURVE CONCAVE WESTERLY, HAVING A RADIUS OF 595.00 FEET AND A CHORD WHICH BEARS S 11°53'28"' E, A DISTANCE OF 741.22 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE RIGHT, A DISTANCE OF 800.17 FEET TO A POINT OF TANGENCY; THENCE S 26°38107" W, A DISTANCE OF 21.84 FEET; THENCE S 30°59 155" E, A DISTANCE OF 328.67 FEET; THENCE S 22°21'38" W, A DISTANCE OF 634.33 FEET TO THE NORTH RIGHT-OF WAY OF NORTH EGRET LANE DEDICATED PER SAID TOWNE PARK ESTATES PHASE 2A; THENCE N 83°22'26" W, ALONG SAID RIGHT-OF WAY, A DISTANCE
OF 81.27 FEET TO A POINT OF CURVATURE OF A CURVE CONCAVE NORTHEASTERLY, HAVING A RADIUS OF 25.00 FEET AND A CHORD WHICH BEARS N 30°30'24" W, A DISTANCE OF 39.86 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE RIGHT, A DISTANCE OF 46.14 FEET TO A POINT OF TANGENCY; THENCE N 22°21'38" E, A DISTANCE OF 15.58 FEET; THENCE N 67°38'22"' W, A DISTANCE OF 50.00 FEET TO THE NORTHWESTERLY RIGHT­ OF-WAY OF WHITE IBIS ROAD DEDICATED PER SAID TOWNE PARK PHASE 2A; THENCE S 22°21'38" W, A DISTANCE OF 31.49 FEET TO A POINT OF CURVATURE OF A CURVE CONCAVE NORTHWESTERLY, HAVING A RADIUS OF 80.00 FEET AND A CHORD WHICH BEARS S 43°39'4111  W, A DISTANCE OF 58.12 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE RIGHT, A DISTANCE OF 59.48 FEET TO A POINT OF TANGENCY; THENCE S 64°57'43" W, A DISTANCE OF 60.23 FEET TO THE SOUTHEAST CORNER OF TRACT D PER SAID TOWNE PARK
PHASE 2A; THENCE N 25°02'17" w, A DISTANCE OF 110.00 FEET; THENCE N 49°00'48" E, A DISTANCE OF 73.23
FEET; THENCE N 22°21'38" E, A DISTANCE OF 150.00 FEET; THENCE N 67°38'22" W, A DISTANCE OF 71.68 FEET THE MOST NORTHERLY CORNER OF SAID TRACT D; SAID POINT ALSO BEING THE BEGINNING OF A NON­ TANGENTIAL CURVATURE OF A CURVE CONCAVE NORTHERLYWESTERLY, HAVING A RADIUS OF 980.00 FEET AND A CHORD WHICH BEARS S 4 5°58159" W, A DISTANCE OF 183.04 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE RIGHT, A DISTANCE OF 183.30 FEET TO A POINT OF REVERSE CURVATURE OF A CURVE CONCAVE SOUTHEASTERLY, HAVING A RADIUS OF 430.00 FEET AND A CHORD WHICH BEARS S 25°35'50" W, A DISTANCE OF 373.55 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE LEFT, A DISTANCE OF 386.42 FEET; THENCE S 00°08'50" E, A DISTANCE OF 107.61 FEET TO THE POINT OF BEGINNING.

THE ABOVE PARCEL CONTAINING 82.91 ACRES, MORE OR LESS.

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EXHIBIT .3

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WOODHAVEN UNRECORDED PLAT

HAMILTON
ENGINEERING  &  SURVEYING, INC.

TOWNE PARK ESTATES SOUTH COD
POLK COOUNTY, FLORIDA

3409 w. LEMON smEET
TAMPA, FLORIDA  33609	LBif7013

1EL (Bl:5) ·250-3535
FAX  (813)  250-3636

EXHIBIT 4:

A PORTION OF LAND LYING WITHIN SECTIONS 8 AND 17, TOWNSHIP 29 SOUTH, RANGE 23 EAST, CITY OF LAKELAND, POLK COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED IN TWO PARCELS AS FOLLOWS:

PARCEL A (TOWNE PARK ESTATES SOUTH):

FOR A POINT OF BEGINNING COMMENCE AT THE NORTHEAST CORNER OF THE NORTHEAST 1/4 OF SAID SECTION 17 AND PROCEEDS 00° 21' 42" E, ALONG THE EAST BOUNDARY THEREOF, A DISTANCE OF 2704.03 FEET TO THE SOUTHEAST CORNER OF THE NORTHEAST 1/4 OF SAID SECTION 17; THENCE S 89° 48' 31" W, ALONG THE SOUTH BOUNDARY THEREOF, A DISTANCE OF 2317.57 FEET; THENCE S 00° 21' 37" E, LEAVING SAID SOUTH BOUNDARY, A DISTANCE OF 299.85 FEET;
THENCE N 89° 56' 16" W, A DISTANCE OF 30.21 FEET; THENCE S 00° 26' 57'' E, A DISTANCE OF 29.97 FEET; THENCE S 89° 43' 22" W, A DISTANCE OF 307.22 FEET TO A POINT ON THE EAST BOUNDARY OF THE SOUTHWEST 1/4 OF SAID SECTION 17; THENCE S 00° 19' 37" E, ALONG SAID EAST BOUNDARY, A DISTANCE OF 364.84 FEET; THENCE N 71° 34' 19" W, LEAVING SAID EAST BOUNDARY, A DISTANCE OF 52.80 FEET; THENCE N 53° 08' 34" W, A DISTANCE OF 92.43 FEET; THENCE N 49° 11' 53" W,
A DISTANCE OF 67.17 FEET; THENCE N 70° 58' 52" W, A DISTANCE OF 70.89 FEET;
THENCE N 90° 00' 0011  W, A DISTANCE OF 78.58 FEET; THENCE N 75° 58' 12" W, A
DISTANCE OF 38.12 FEET; THENCE N 45° 00' 4911  W, A DISTANCE OF 107.83 FEET;
THENCE N 43° 02' 1211   W, A DISTANCE OF 94.82 FEET; THENCE N 36° 38' SO" W, A
DISTANCE OF 112.29 FEET; THENCE N 51° 10' 54 11 W, A DISTANCE OF 121.62 FEET;
THENCE N 32° 54' 53 11 W, A DISTANCE OF 93.56 FEET; THENCE N 54° 52' 43" W, A
DISTANCE OF 76.29 FEET; THENCE N 66° 12' 14" W, A DISTANCE OF 85.88 FEET;
THENCE N 55° 11' 15" W, A DISTANCE OF 64.74 FEET; THENCE N 35° 46' 00" W, A
DISTANCE OF 71.18 FEET; THENCE N 57° 06' 19" W, A DISTANCE OF 41.73 FEET; THENCE N 03° 24' 26" W, A DISTANCE OF 107.02 FEET TO THE BEGINNING OF A NON­ TANGENTIAL CURVE CONCAVE SOUTHERLY, HAVING A RADIUS OF 1500.00 FEET AND A CHORD WHICH BEARS N 87° 23' 22" E, A DISTANCE OF 69.71 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE RIGHT, A DISTANCE OF 69.71 FEET TO A POINT OF TANGENCY; THENCE N 88° 43' 15" E, A DISTANCE OF 416.21 FEET TO A POINT OF CURVATURE OF A CURVE CONCAVE NORTHWESTERLY, HAVING A RADIUS OF 1090.00 FEET AND A CHORD WHICH BEARS N 57° 37' 21" E, A DISTANCE OF 1125.99 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE LEFT, A DISTANCE OF 1183.24 FEET TO A POINT OF TANGENCY; THENCE N 26° 31' 27" E, A DISTANCE OF 567.60 FEET TO A POINT OF CURVATURE OF A CURVE CONCAVE SOUTHEASTERLY, HAVING A RADIUS

OF 2000.00 FEET AND A CHORD WHICH BEARS N 33° 48' 01" E, A DISTANCE OF
506.60 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE RIGHT, A DISTANCE OF 507.97 FEET TO A POINT OF TANGENCY; THENCE N 41° 04' 35" E, A DISTANCE OF
650.38 FEET TO A POINT OF CURVATURE OF A CURVE CONCAVE NORTHWESTERLY, HAVING A RADIUS OF 390.00 FEET AND A CHORD WHICH BEARS N 20° 26' 10" E, A DISTANCE OF 274.95 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE LEFT, A DISTANCE OF 280.99 FEET TO A POINT OF TANGENCY; THENCE N 00° 12' 15" W, A DISTANCE OF 271.21 FEET TO A POINT ON THE NORTH BOUNDARY OF THE NORTHEAST 1/4 OF SAID SECTION 17; THENCE S 89° 51' 10" W, ALONG SAID NORTH BOUNDARY, A DISTANCE OF 1127.56 FEET TO THE POINT OF BEGINNING.

THE ABOVE PARCEL CONTAINING 129.76 ACRES, MORE OR LESS PARCEL B (MEDULLA ROAD EXTENSION):
FOR A POINT OF BEGINNING COMMENCE AT THE MOST SOUTHWEST CORNER OF LOT 20 OF BLOCK 1 OF TOWNE PARK ESTATES PHASE 2A AS RECORDED IN PLAT BOOK 163, PAGE 47 OF THE PUBLIC RECORDS OF POLK COUNTY, FLORIDA, AND PROCEEDS 36° 19' 40" W, A DISTANCE OF 118.06 FEET TO THE BEGINNING OF A NON-TANGENTIAL CURVE CONCAVE NORTHEASTERLY, HAVING A RADIUS OF 535.00 FEET AND A CHORD WHICH BEARS N 47° 19' 57" W, A DISTANCE OF 612.42; THENCE ALONG THE ARC OF SAID CURVE TO THE RIGHT, A DISTANCE OF 652.03 FEET TO A POINT ON THE SOUTH RIGHT-OF-WAY LINE OF WEST PIPKIN ROAD AS DEDICATED PER OFFICIAL RECORDS BOOK 4374, PAGE 911 OF THE PUBLIC RECORDS OF POLK COUNTY, FLORIDA AND BEING THE BEGINNING OF A NON-TANGENTIAL CURVE CONCAVE SOUTHERLY, HAVING A RADIUS OF 6925.00 FEET AND A CHORD WHICH BEARS N 88° 161  10 11  E, A DISTANCE OF 112.46 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE RIGHT, AND ALONG SAID SOUTH RIGHT-OF-WAY LINE, A DISTANCE OF 112.46 TO THE BEGINNING OF A NON-TANGENTIAL CURVE CONCAVE NORTHEASTERLY, HAVING A RADIUS OF 425.00 FEET AND A CHORD WHICH BEARS S 52° 43' 0311   E, A DISTANCE OF 517.29 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE LEFT, A DISTANCE OF 556.13 FEET TO A POINT OF TANGENCY; THENCE N 89° 47' 4511  E, A DISTANCE OF 3.62 FEET TO A POINT ON THE WESTERLY BOUNDARY OF SAID TOWNE PARK ESTATES PHASE 2A; THENCE S 36° 191  40" W, ALONG SAID BOUNDARY, A DISTANCE OF 12.42 FEET TO THE POINT OF BEGINNING.

THE ABOVE PARCEL CONTAINING 1.53 ACRES, MORE OR LESS

FISHKIND
& ASSOCIATES

PRELIMINARY AMENDED & RESTATED MASTER ASSESSMENT METHODOLOGY

TOWNE PARK COMMUNITY DEVELOPMENT	DISTRICT

March 8, 2018

Prepared for:

Members of the Board of Supervisors,
Towne Park Community Development District

Prepared by:

Fishkind & Associates, Inc. 12051 Corporate Boulevard
Orlando, Florida 32817

PRELIMINARY AMENDED & RESTATED MASTER ASSESSMENT METHODOLOGY
TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT

March 8, 2018

Introduction

Purpose

This "Preliminary Amended & Restated Master Assessment Methodology" dated March 8, 2018 ("Methodology"), effectively amends and restates the District's "Adopted Master Assessment Methodology" dated January 21, 2014 ("Adopted Methodology") in order to reflect additional infrastructure improvements not included in the Adopted Methodology. The Methodology provides a system for the allocation of non-ad valorem special assessments securing the repayment of bond debt planned to be issued by the Towne Park Community Development District ("District") to fund beneficial public infrastructure improvements and facilities. The Methodology has two goals: (1) quantifying the special benefits received by properties within the District as a result of the installation of the District's improvements and facilities, and (2) equitably allocating  the costs incurred by the District to provide these benefits to properties in the District.

The District plans to implement a capital improvement program ("CIP") that will allow for the development of property within the District. The District plans to fund the majority of its CIP through bond debt financing. This bond debt will be repaid from the proceeds of non-ad valorem special assessments levied by the District's Board of Supervisors. These special assessments will serve as  liens  against properties  within the boundary of the District that receive a special benefit from the first phase of the CIP. This Methodology is designed to conform to the requirements  of  Chapters 170, 190, and 197 of the Florida Statutes with respect to special assessments and is consistent with our understanding of the case law on this subject.

Background

The District includes approximately 584.8 gross acres of property located within the City of Lakeland, Florida. The District is generally located to the south of West Pinkin Road, to the west of Yates Road, and to the north of Ewell Road within the City of Lakeland. At build-out, the District is expected to contain 1,638 single-family lots, 450 multi-family units,  recreation areas, parks/conservation, and related infrastructure. The legal description of the land included within the District's boundaries is found in Exhibit "A." The land use place for the District is found in Table 1 (all tables are found in the attached Appendix.)

Special Benefits and General Benefits

Improvements undertaken by the District create both special benefits and general benefits to property owners located within and surrounding the District. However, the general benefits to the public at large are incidental in nature and are readily distinguishable from the special benefits which accrue to property located within the District. It is the District's CIP that enables properties within the District's boundaries to be developed. Without the District's CIP, there would be no infrastructure to support development of land within the District. Without these improvements development of property in the District would be prohibited by law.

There is no doubt that the general public and certain property owners outside the District will benefit from the provision of District infrastructure. However, such benefit is incidental to the benefit to property within the District resulting from the District's CIP, which is designed solely to meet the needs of property owners within the District. Properties outside the District do not depend upon the District's CIP to obtain, or to maintain, their development entitlements. This fact alone clearly distinguishes the special benefits which District properties receive compared to those properties lying outside of the District's boundaries.

Requirements of a Valid Assessment Methodology

For special assessments to be valid under Florida law, there are two requirements. First, the properties assessed must receive a special benefit from the improvements paid for via the assessments. Second, the assessments must be fairly and reasonably allocated to the properties being assessed.

If these two characteristics of valid special assessments are adhered to, Florida law provides some latitude to legislative bodies, such as the District's Board of Supervisors, in approving  special  assessments. Indeed, Florida courts have found that the mathematical perfection of calculating special benefit is likely impossible. Only if the District's Board was to act in an arbitrary, capricious, or grossly unfair fashion would its assessment methods be overturned.

CIP Plan of Finance

Infrastructure Installation

The District will install its public infrastructure and improvements on a phased basis, as outlined in more detail in the "Towne Park Community Development District Master Engineer's Report" dated November 2014, as amended by the First Amendment dated March 2018, (together, the "Engineer's Report"), as prepared by Hamilton Engineering & Surveying, Inc. ("District Engineer"). Although the District will install its infrastructure in multiple phases, the CIP is designed to operate as a system, with improvements implemented during initial phases benefiting properties within subsequent phases and improvements implemented in later phases benefitting properties within initial phases. The estimated costs of the District's CIP are presented in Table 2.

2.3	Bond Requirements

The District intends to finance the majority of its CIP by issuing bonds. These bonds will be issued in several series, as development progresses within the District. A number of component funds will comprise the total principal of the bonds to be issued by the District. The funds may include, but are not limited to, acquisition and construction, capitalized interest, debt service reserve, underwriter's discount, and issuance costs. An estimate of the bond issuance required to fund the District's CIP is found in Table 3.

As bonds are issued by the District, Fishkind will issue supplemental assessment methodology report(s) detailing the particulars of each specific bond issue. The supplemental report(s) will detail the terms, interest rates, and costs associated with a specific series of bonds. The supplemental report(s) will also detail the specific bond service assessments for properties that been assessed to secure each bond issuance.

Assessment Methodology

Assessment Foundation

The assessment methodology associated with the allocation of the costs of the CIP is a four-step process. First, the District Engineer determines the costs for the District's infrastructure and related improvements. Second, an estimate of the amount of bonds required to finance the infrastructure improvements is calculated. Third, the District Engineer outlines which parcels benefit from the provision of infrastructure and improvements. Finally, the as-financed costs of the infrastructure and related improvements are allocated to the benefiting properties based on the approximate relative benefit each unit receives as expressed by that unit's Equivalent Residential Unit ("ERU") Factor.

In allocating special assessments to benefiting property, Florida governments have used a variety of methods including, but not limited to, front footage, area, trip rates, equivalent residential units, dwelling units, and acreage. Fishkind has determined that an assessment methodology based on equivalent residential unit ("ERU") values is appropriate. These ERU values equate the benefit received by a stated amount of such particular land use category to the benefit received by a typical single-family residence. The use of ERU values to estimate the benefit derived from infrastructure improvements is recognized as a simple, fair, and reasonable method for apportioning benefit. ERU values are a commonly accepted method for calculating special benefit assessments in Florida. Here, Fishkind has chosen to assign an ERU value of 1.0 to each planned single-family residential lot and a 0.65 ERU for each planned multi-family residential unit.

A lower ERU value for the multi-family development is appropriate here as the average size of the multi-family units will be smaller and more densely developed than the planned single-family units. These physical characteristics of the multi-family development planned for the District indicate that these units will receive a lesser benefit from the District's CIP when compared to the planned single-family units. For example, the proportionate length of roadway needed to serve each multi-family unit is less than the length required to serve single family units. Additionally, the smaller land area required for each multi­ family unit will produce less stormwater runoff than each single-family lot, and so each multi-family unit will have a reduce impact on the District's stormwater facilities, when compared to a single-family unit.

Assignment of Assessments

The CIP cost estimates are outlined in Table 2 and described in detail in the Engineer's Report. The maximum amount of bonds required to fund the CIP costs has been calculated and is shown in Table 3. The bond principal and related annual debt service assessments will then be apportioned among the development planned for the District on the basis of ERU values, as outlined in Table 4. The resulting bond principal and related annual debt service assessment for each lot planned for the District are shown in Table 5. Table 5 becomes important as the land within the District is platted, as specific bond debt service assessments will be assigned to the individual platted lots at that time.

One or more future supplemental assessment methodology reports will outline the precise bond debt service assessments assigned to the lands within the District. If the lands within the District are unplatted, bond debt service assessments will initially be assigned to the undeveloped developable land within the District on an equal per-acre basis. The assessments for each platted lot (a platted single-family lot will be referred to herein as a "Development Unit") will be assigned to each Development Unit when a parcel is initially platted.

True-Up Mechanism

In order to ensure that the District's bond debt will not build up on the unplatted lad within each phase, the District shall periodically apply a "true-up" test. Initially, District bond debt shall be allocated to each phase as outlined in Table 3. This bonds debt shall, prior to platting, be allocated equally to each of the developable acres within each phase. As property is platted, "true-up" or density reduction payments may become due based upon the amount of bond debt assessments initially assigned to each phase. For example, as outlined in Table 3, it is estimated that $50,000,000 in bonds principal will be allocated to the developable lands within the District at the time of issuance. This $50,000,000 in principal will initially be allocated equally to all 584.8 acres located within the District, resulting in $85,499 in bond principal assessment per acre.

The bonds principal true-up test shall be applied at the completion of the platting of 50%, 75%, 90%, and 100% of the developable acreage within the District. Should it be determined at one of these platting benchmarks that the bond principal remaining per undeveloped acre exceeds the $85,499 threshold, the owner of the land at the time of platting will be required to make a true-up payment to the District sufficient to reduce remaining bond principal per acre to the permissible $85,499 level. It is the responsibility of the landowner of record of the affected parcel to make or cause to be made any required true-up payments due. This true-up obligation runs with the land within the District. The District will not release any liens on property for which true-up payments are due until provision for such payment has been satisfactorily made.

In the event that additional land not currently subject to the assessments is developed in such a manner as to receive special benefit from the CIP, it is contemplated that this Methodology will be re-applied to include such new parcels. The additional land, as a result of applying this Methodology, will be allocated an appropriate share of the special assessments, with all previously­ assessed parcels receiving a relative adjustment in their assessment levels.

4.0	Contribution of District Infrastructure and/or Improvements

The costs of the District's CIP will likely be funded by two mechanisms. The first mechanism is the issuance of special assessment bonds. The second mechanism is the contribution of funds or CIP components to the District ("Contribution"). Property owners within the District will have the opportunity to make such a Contribution upon approval by the District.

A District property owner's Contribution will give rise to assessment credits that can be applied by the property owner to reduce or eliminate bond debt service assessments that would otherwise be assigned to lands within the District to fund the costs of the CIP. Prior to a property owner reducing or eliminating bond debt service assessments through a Contribution, it must be shown that the improvements funded or contributed by the property owner are a component of the CIP, as outlined in the Engineer's Report. The property owner will be permitted to apply assessment credits equal to the value of the Contribution plus the costs of financing the improvement(s) that would otherwise have been incurred by the District if the District were required to issue bonds to fund or acquire the improvement(s) (such that the property would not be responsible for bond financing costs if the Contribution was

made prior to the District's issuance of special assessment bonds). A property owner possessing assessment credits due to a Contribution will, in the District's discretion, have the opportunity to use the assessment credits to adjust bond debt service assessment levels of Development Units.

5.0	Preliminary Assessment Roll

The table below outlines the maximum bond principal assessment per developable acre for the lands within the District. The legal description of the land included within the District is found in Exhibit "A", below.

Preliminary Assessment Roll

Bond		Bond Gross		Bond Gross Bond 	Princi12al			Annual			Annual PrinciQal	Assessment	Assessment	Assessment
DescriQtion	Acreage	Assessment	12er Acre	ill	Qer  Acre (1)
See Exhibit "A"	584.8	$50,000,000	$85,499	$4,552d1l 	-  $_7J84
(1) Values include a 7.0% gross-up to account for the fees of the County Property Appraiser and Tax Collector and the statutory early payment discount.

EXHIBIT "A"

DESCRIPTION OF LAND WITHIN THE DISTRICT

Phase 2:

THAT PART OF SECTIONS 8 & 9, TOWNSHIP 29 SOUTH, RANGE 23 EAST, POLK COUNTY, FLORIDA MORE PARTICULARLY DESCRIBED AS FOLLOWS:  BEGIN AT THE SOUTHWEST CORNER OF SAID SECTION 9 AND RUN THENCE N-89°58'07"-E ALONG THE SOUTH BOUNDARY OF SAID SECTION 9, 1865.81 FEET; THENCE N- 00001'53"-W, 247.65 FEET; THENCE N-00°41'07"-E, 178.59 FEET; THENCE N-65°58'09"­ W, 132.26 FEET; THENCE N-58°19'08"W, 210.85 FEET; THENCE N-61°10'05"-W, 134.05 FEET; THENCE S-81°49'54"-W, 50.47 FEET; THENCE N-57°05'32"-W, 104.75 FEET; THENCE S-48°54'17"-W, 18.23 FEET; THENCE ALONG A CURVE CONCAVE TO THE EAST HAVING A RADIUS OF 1360.46 FEET, A CHORD OF 274.53 FEET AND A
CHORD BEARING OF N-37°45'56"-W THROUGH A CENTRAL ANGLE OF 11°34'54" AN ARC LENGTH OF 275.00 FEET; THENCE S-56°05'06"-W, 50.03 FEET; THENCE ALONG A CURVE CONCAVE TO THE NORTH HAVING A RADIUS OF 1010.00 FEET, A CHORD OF 269.29 FEET AND A CHORD BEARING OF S-65°09'55"-W THROUGH A CENTRAL ANGLE OF 15°19'20" AN ARC LENGTH OF 270.10 FEET; THENCE S-72°49'35"-W, 209.24 FEET; THENCE S-23°51'50"-W, 268.62 FEET; THENCE N-66°08'10"-W, 160.00 FEET; THENCE S-23°51'50"-W, 20.00 FEET; THENCE N-66°08'10"-W, 115.00 FEET; THENCE N-88°32'43"-W, 138.19 FEET; THENCE N-89°56'52"-W, 137.01 FEET TO THE WEST BOUNDARY OF SAID SECTION 9; THENCE N-00°07'16"-E ALONG SAID WEST BOUNDARY, 1646.83 FEET; THENCE N-90°00'00"-W, 80.00 FEET; THENCE N- 00007'16"-E, 387.68 FEET TO THE RIGHT OF WAY OF WEST PIPKIN ROAD; THENCE N-89°59'54"-W ALONG SAID RIGHT OF WAY, 982.20 FEET; THENCE S-36°31'55"-W ALONG THE EASTERLY LINE OF THE LAKELAND LINDER REGIONAL AIRPORT APPROACH SURFACE, 3224.55 FEET TO A POINT OF THE SOUTH BOUNDARY OF THE SOUTHWEST¼ OF SAID SECTION 8; THENCE S-89°56'41"-E ALONG SAID SOUTH BOUNDARY, 321.04 FEET TO THE SOUTHWEST CORNER OF THE SOUTHEAST ¼ OF SAID SECTION 8; THENCE S-89°56'35"-E ALONG THE SOUTHERN BOUNDARY OF THE SOUTHEAST ¼ OF SAID SECTION 8, 2655.16 FEET TO THE POINT OF BEGINNING.

Phase 3:

Parcel 232917-000000-031000:
NW1/4 LESS SE1/4 OF SE1/4 OF NW1/4 & NW1/4 OF SW1/4 & W1/4 OF NE1/4 OF SW1/4
Parcel 232917-000000-010000:
NE1/4 & SE1/4 OF SE1/4 OF NW1/4 & E3/4 OF NE1/4 OFSW1/4 Parcel 232917-000000-023080:
N 330 FT OF W1/2 OF SE1/4 LESS E 990 FT BEING LOT 88 UNRE WOODHAVEN Parcel 232917-000000-042120:
BEG 175 FT E OF SW COR OF SE1/4 OF SW1/4 OF SEC N 365 FT W 175 FT N 976.32 FT E 497.61 FT S 437.69 FT W 447.61 FT S 488.67 FT E 175 FT S 415 FT W 50 FT TO POB LESS RD R/W

Parcel 232917-000000-042070:
BEG 225 FT E OF SW COR SE1/4 OF SW1/4 N 415 FT W 175 FT N 488.67 FT E 447.61 FT S 904.03 FT TO S LINE SEC W 272.61 FT TO POB LESS RD R/W
Parcel  232917-000000-04411O:
E1/2 OF NE1/4 OF SW1/4 OF SW1/4 Parcel 232917-000000-044140:
E1/2 OF SE1/4 OF SW1/4 OF SW1/4 OF SEC LESS N 208.75 FT OF S 238.75 FT OF W
208.75 FT & LESS RD R/W Parcel 232917-000000-04211O:
BEG SW COR OF SEl/4 OF SWl/4 OF SEC E ALONG S SEC LINE 175 FT N 365 FT W 175 FT S TO POB LESS RD R/W

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APPENDIX TABLE 1
TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT
DISTRICT LAND USE PLAN
FIRST AMENDMENT - MASTER ASSESSMENT METHODOLOGY

Develo12ment Phase {1}	
Descri12tion	 	Estimated Start	
Date	Estimated Com12letion Date	 	Number of
Lots/Units	
Phase II	Single-Family Lot	2015	2016	207	
Phase Ill	Single-Family Lot	2016	2018	1,431	
Phase Ill	Multi-Family Unit	2016	2018	450	
Total				2,088	

Phase I of the overall P.U.D. is complete and not included within the boundaries of the District.

Master Assmt. Methodology	Fishkind and Associates, Inc.	Appendix Table 1

APPENDIX TABLE 2
TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT
CIP COST ESTIMATES
FIRST AMENDMENT - MASTER ASSESSMENT METHODOLOGY

	Estimated Costs1	Estimated Costs1	Total Costs1 all	
Infrastructure Component	Phase II	Phase Ill	Phases	
Offsite lmprovs & PH 3 Master Blvd	$0	$4,443,450	$4,443,450	
Stormwater Management	$3,654,000	$15,649,500	$19,303,500	
Utilities (Water and Sewer)	$1,363,000	$5,333,200	$6,696,200	
Roadways	$1,305,000	$5,059,800	$6,364,800	
Entry Features and Signage	$750,000	$860,000	$1,610,000	
Amenities	$1,000,000	$1,600,000	$2,600,000	
Contingency	$700,000	$1,980,000	$2,680,000	
Totals	$8,772,000	$34,925,950	$43,697,950	

Master Assmt. Methodology	Fishkind and Associates, Inc.	Appendix Table 2

APPENDIX TABLE 3
TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT
ESTIMATED BOND FINANCING DETAILS
FIRST AMENDMENT - MASTER ASSESSMENT METHODOLOGY

Bond Fund Construction/Acquisition Fund Debt Service  Reserve Capitalized Interest
Costs of Issuance (Including Underwriter's Fee) Contingency
Total Bond Principal

Average Annual Interest Rate: Term (Years):
Capitalized Interest Through: Capitalized Interest (Months): Maximum Net Annual Debt Service:

Value (1)
$43,697,950
$2,906,500
$2,192,969
$1,200,000
$2,581
$50,000,000

7.50%
30
November  1, 2017
35
$4,233,562

(1) The values shown are estimated and subject to change.  Future supplemental assessment methodology report(s) will outline the actual details of the District's bond issuance(s).

Master Assmt. Methodology	Fishkind and Associates, Inc.	Appendix Table 3

APPENDIX TABLE 4
TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT
ERU VALUE ASSIGNMENTS
FIRST AMENDMENT - MASTER ASSESSMENT METHODOLOGY

	ERU Value 12er	ERU Values1 all	% of ERUs 12er	
Phase	Planned Lots/Units	Lot/Unit	Lots/Units	Catego!Y	
Phase II Single-Family	207	1.0	207	10.7%	
Phase Ill Single-Family	1,431	1.0	1,431	74.1%	
Phase Ill Multi-Family	450	0.65	293	15.2%	
Totals	2,088		1,931	100.0%	

(1) Gross assessments represent the assessment placed on the County tax roll each year, if the District elects to use the Uniform Method of collecting non-ad valorem assessments authorized by Chapter 197 of the Florida Statutes. Gross assessments include an 7.0% gross-up to account for the fees of the County Property Appraiser and Tax Collector and the statutory early payment discount.

Master Assmt. Methodology	Fishkind and Associates, Inc.	Appendix Table 4

APPENDIX TABLE 5
TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT
ESTIMATED MAXIMUM BOND ASSESSMENTS
FlRSTAMENDMENT-MASTERASSESSMENTMETHODOLOGY			

Bond Principal		
	% of ERUs per	Bond Principal	Assmt. per		
Phase	Planned Lots/Units	Category	Assmt./ Category	Lot/Unit		
Phase II Single-Family	207	10.7%	$5,361,305	$25,900		
Phase Ill Single-Family	1,431	74.1%	$37,062,937	$25,900		
Phase Ill Multi-Family	450	15.2%	$7,575,758	$16,835		
Totals	2,088	100.0%	$50,000,000			
			
Bond Gross	
Bond Gross	
% of ERUs per	Bond Net Annual	Bond Net Annual	Annual Assmt./	Annual Assmt./	
Phase	Category	Assmt./Category	Assmt. per Lot/Unit	Category (1)	Unit(1)	
Phase II Single-Family	10.7%	$453,948	$2,193	$488,117	$2,358	
Phase Ill Single-Family	74.1%	$3,138,165	$2,193	$3,374,371	$2,358	
Phase Ill Multi-Family	15.2%	$641,449	$1,425	$689,730	$1,533	
Totals	100.0%	$4,233,562		$4,552,217		

(1) Gross assessments represent the assessment placed on the County tax roll each year, if the District elects to use the Uniform Method of collecting non-ad valorem assessments authorized by Chapter 197 of the Florida Statutes. Gross assessments include an 7.0% gross-up to account for the fees of the County Property Appraiser and Tax Collector and the statutory early payment discount.

Master Assmt. Methodology	Fishkind and Associates, Inc.	Appendix Table 5

EXHIBIT C
ASSESSMENT  AREA 2B
BEING A PARCEL OF LAND LYING WITHIN SECTION 8, TOWNSHIP 29 SOUTH, RANGE 23 EAST, POLK COUNTY, FLORIDA, BEING MORE PARCTICULARLY DESCRIBED AS FOLLOWS:

FOR A POINT OF REFERENCE COMMENCE AT THE SOUTHEAST CORNER OF SAID SECTION 8 AND PROCEED S 89°51'10" W, ALONG THE SOUTH BOUNDARY THEREOF, A DISTANCE OF 1027.56 FEET TO THE POINT OF BEGINNING; SAID POINT ALSO BEING THE SOUTHWEST CORNER OF LOT 26 (BLOCK 4) OF TOWNE PARK ESTATES PHASE 2A PER PLAT BOOK_, PAGE_ OF THE PUBLIC RECORDS OF POLK COUNTY, FLORIDA; THENCE S 89°51'10" W, CONTINUING ALONG SAID SOUTH BOUNDARY, A DISTANCE OF 1627.60 FEET TO THE SOUTHEAST CORNER OF THE SOUTHWEST 1/4 OF SAID SECTION 8; THENCE S 89°51'04"  W,  ALONG  THE  SOUTH  BOUNDARY  THEREOF,  A  DISTANCE  OF  321.04  FEET;  THENCE N
36°19'40" E, LEAVING SAID SOUTH BOUNDARY, A DISTANCE OF 2787.77 FEET TO THE MOST SOUTHWESTERLY CORNER OF LOT 20 (BLOCK 1) OF SAID TOWNE PARK ESTATES PHASE 2A AND THE MOST WESTERLY CORNER THEREOF; SAID POINT ALSO BEING THE BEGINNING OF A NON-TANGENTIAL CURVATURE OF A CURVE CONCAVE NORTHERLY, HAVING A RADIUS OF 435.00 FEET AND A CHORD WHICH BEARS S 89°57'18" E, A DISTANCE OF 3.78 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE LEFT, AND ALONG THE BOUNDARY OF SAID TOWNE PARK PHASE 2A, A DISTANCE OF 3.78 FEET TO A POINT OF TANGENCY; THENCE N 89°47'45" E, CONTINUING ALONG THE BOUNDARY OF SAID TOWNE PARK ESTATES PHASE 2A, A DISTANCE OF 83.50 FEET TO A POINT OF CURVATURE OF A CURVE CONCAVE SOUTHWESTERLY, HAVING A RADIUS OF 705.00 FEET AND A CHORD WHICH BEARS S 70°18'39" E, A DISTANCE OF 479.78 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE RIGHT, A DISTANCE  OF
489.55 FEET TO A POINT OF TANGENCY; THENCE S 50°25'04" E, A DISTANCE OF 296.39 FEET TO THE POINT OF CURVATURE OF A CURVE CONCAVE WESTERLY, HAVING A RADIUS OF 595.00 FEET AND A CHORD WHICH BEARS S 11°53'28" E, A DISTANCE OF 741.22 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE RIGHT, A DISTANCE OF 800.17 FEET TO A POINT OF TANGENCY; THENCE S 26°38'07" W, A DISTANCE OF 21.84 FEET; THENCE S 30°59'55" E, A DISTANCE OF 328.67 FEET; THENCE S 22°21'38" W, A DISTANCE OF 634.33 FEET TO THE NORTH RIGHT-OF WAY OF NORTH EGRET LANE DEDICATED PER SAID TOWNE PARK ESTATES PHASE 2A; THENCE N 83°22'26" W, ALONG SAID RIGHT-OF WAY, A DISTANCE OF
81.27 FEET TO A POINT OF CURVATURE OF A CURVE CONCAVE NORTHEASTERLY, HAVING A RADIUS OF
25.00 FEET AND A CHORD WHICH BEARS N 30°30'24" W, A DISTANCE OF 39.86 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE RIGHT, A DISTANCE OF 46.14 FEET TO A POINT OF TANGENCY; THENCE N 22°21'38" E, A DISTANCE OF 15.58 FEET; THENCE N 67°38'22" W, A DISTANCE OF SO.OD FEET TO THE NORTHWESTERLY RIGHT-OF-WAY OF WHITE IBIS ROAD DEDICATED PER SAID TOWNE PARK PHASE 2A; THENCE S 22°21'38" W, A DISTANCE OF 31.49 FEET TO A POINT OF CURVATURE OF A CURVE CONCAVE NORTHWESTERLY, HAVING A RADIUS OF 80.00 FEET AND A CHORD WHICH BEARS S 43°39'41" W, A DISTANCE OF 58.12 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE RIGHT, A DISTANCE OF 59.48 FEET TO A POINT OF TANGENCY; THENCE S 64°57'43" W, A DISTANCE OF 60.23 FEET TO THE SOUTHEAST CORNER OF TRACT D PER SAID TOWNE PARK PHASE 2A; THENCE N 25°02'17" W, A DISTANCE OF 110.00 FEET; THENCE N 49°00 14811 E, A DISTANCE OF 73.23 FEET; THENCE N 22°21'38" E, A DISTANCE OF 150.00 FEET; THENCE N 67°38'22" W, A DISTANCE OF 71.68 FEET THE MOST NORTHERLY CORNER OF SAID TRACT D; SAID POINT ALSO BEING THE BEGINNING OF A NON-TANGENTIAL CURVATURE OF A CURVE CONCAVE NORTHERLYWESTERLY, HAVING A RADIUS OF 980.00 FEET AND A CHORD WHICH BEARS S 45°58'59" W, A DISTANCE OF 183.04 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE RIGHT, A DISTANCE OF 183.30 FEET TO A POINT OF REVERSE CURVATURE OF A CURVE CONCAVE SOUTHEASTERLY, HAVING  A RADIUS OF 430.00 FEET AND A CHORD  WHICH  BEARS S 25°35'50"  W,  A

DISTANCE OF 373.55 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE LEFT, A DISTANCE OF
FEET; THENCE S 00°08'50" E, A DISTANCE OF 107.61 FEET TO THE POINT OF BEGINNING. THE ABOVE PARCEL CONTAINING 82.91 ACRES, MORE OR LESS.

EXHIBIT D - Maturities and Coupons of Assessment Area 2B Bonds

BO1'TI SUMMARY STATISTICS

To,n1e Park CDD
Special Assessment Bonds. Series 2018  (Phase  2B)

Dated Date	06 21 2018	
Delinry Date	06212018	
Last Maturity	05 0lr2049	
Arbitrage Yield	5.424953%	
Trne Interest Cost (TIC)	5.600960%	
Net Interest Co,r (NlC)	5.540956%	
All-In TIC	5.933230%	
A.-erage Coupon	5.4374.23%	
Anrage Life (years)	20.176	
Duration of Issue (years)	11.736	
Par Amount	3.365.000.00	
Bond Proceed,	3.362.008.50	
Total Interest	3.691.610.05	
Net Interest	3.761.901.55	
Total Debt Service	7,056.610.05	
}.faxinmm Ammal Debt Service	229.400.01	
Average Annual Debt Sen·ice	228.657.03	
Underwriter\ Fee, (per 51000)		
Average Takedown Other Fee	
20.000000	
Total Underwriter\ Discount	20.000000	
Bid Price	97.911100	

Bond Colllponent	Par Value	
P1ice	A,·erng:e
Coupon	AYera.ge
Life	
Terlll 1_.2B	210.000.00	100.000	4.000%	3.409	
Term 2_2B	320.000.00	100.000	5.000%	7.939	
Tenn 3_2B	965.000.00	99.690	5.375'%	15.7S9	
Tenn4_2B	1.S70.000.00	100.000	5.500%	26.417	
	3,365,000.00			20.176	

		All-In		Arbitrnge	
	TIC	TIC		Yi;ld	
Par Vaine
+ Accrned Interest	3.365.000.00	3.365.000.00		3.365,000.00	
+ Premium (Discount)	-2.991.50	-2.991.50		-2.991.50	
- Undenn1ter's Discount	-67,300.00	-67.300.00			
- Cost oflssnance Expeme		-121.400.00			
- Other Amounts					
Target Value	3.294.708.50	3.173.308.50		3.362.00S.50	
Target Date	06212018	0621,2018		0621.201S	
Yield	5.600960%	5.933230%		5.424953%	

EXHIBIT E - Sources and Uses of Funds for Assessment 2B Bonds

SOURCES AND USES OF FUNDS

Towne Park CDD
Special A»essment Bonds. Serie, 2018 (Phase 2B and 3A)

	Special
Assessment Bonds. Series	Special
Assessment Bonds. Series		

Sources:	.2018  (Phase
lB)	2018 (Phase
3A)	
Total	
Bond Proceeds:				
Par Amouut	3.365.000.00	10.470.000.00	13.835.000.00	
Original hsue Discount	-2.991.50	-9.253.50	-12.245.00	
	3.362,008.50	10.460.746.50	13.822.755.00	
	
Special	
Special		
	Assessment	Assessment		
	Bonds. Series	Bonds. Series		
	2018 (Phase	2018 (Phase		
Uses:	2B)	3A)	Total	
Other Fund Deposits:				
DSRF (80% mads)	183.520.01	567.440.00	750.960.01	
Capitalized Interest (tluu 51.,2019)	 154.241.15	479.956.43	634.197.58	
	337.761.16	1.047.396.43	1.385.157.59	
Delive,y Date Expenses:				
Cost oflssuance	121.400.00	126.405.00	247.805.00	
Underwriter's Discount	 	67.300.00	209.400.00	276.700.00	
188.700.00	335.805.00	524.505.00	
Other Uses of Funds:			
Constrnction flmd	2.835.547.34	9.077.545.07	11.913.09.2.41	
3.362.008.50	10.460.746.50	13.822.755.00	

EXHIBIT F - Annual Debt Service Payment Due on Assessment Area 2B Bonds

BOND DEBT SERVICE

Towne Park CDD
Special Assesrn1ent Bonds. Series 201S  (Phase 2B)

	Period Ending	
Principal	
Coupon	
Interest	
Debt Sen-ice	
	1101•201S
11,01 2019			64.6S 1.77
179.11S.76	6.J.6S I.77
179.11S.76	
	11 01 2020	50.000	.J.000%	17S. ll 8.76	22S.11S.76	
	11012021	50.000	4.000%	176.118.76	226.118.76	
	11 01 2022	55.000	4.ooo ·o	174.01S.76	229.01S.76	
	I LOJ ,2023	55.000	4.000%	171.S18.76	226,818.76	
	1101,2024	60.000	5.000%	169.218.76	229.21S.76	
	11 01 2025	60.000	5.000%	166.:HS.76	2.26.21S.76	
	11 01 2026	65.000	5.000%	163.093.76	22S.093.76	
	11•01 '2027	65.000	5.000%	159.843.76	22.J.S43.76	
	11 01 2028	70.000	5.000%	156.46S. 76	2J6.468.76	
	11 01'2029	75.000	5.375%	152.703.13	227.703.13	
	11-01 '2030
11  01 2031	S0.000
85.000	5.375%
5.375 {1	14S.537.50
144.103.13	22S.537.50
229.103.13	
	11:01·2032	90.000	5.375%	139.400.01	229.400.01	
	11 01:2033	90.000	5.375%	134.562.51	12-l.562.51	
	11,0l 203.J	95.000	5.375%	129.590.63	224.590.63	
	!J.01•2035	105.000	5.375%	124.215.63	229.215.63	
	11 01 2036	I 10.000	5.375%	l lS.437.51	22S.437.51	
	11,01·2037	115.000	5.375%	112.390.63	227.390.63	
	11 01'203S	120.000	5.375%	106.075.00	226.075.00	
	11 01 2039	125.000	5.500	99.412.50	22.J.-H2.50	
	11-01 20.J0	135.000	5.500%	9.L!62.50	227.262.50	
	1101•2041	140.000	5.500%	84.700.00	224.700.00	
	1101 2042	150.000	5.500%	76.725.00	226.i25.00	
	11,01 2043	160.000	5.500%	6S.200.00	228.200.00	
	1101'20-14	170.000	5.500%	59.115.00	229.125.00	
	I LOI 2045	175.000	5.500%	49.637.50	224.637.50	
	I 1,01·2046	185.000	5.500%	39.737.50	224.737.50	
	11 0L2047	200.000	5.500%	29.150.00	229.150.00	
	1101,2043	210.000	5.500%	17.875.00	227.875.00	
	11 01 '2049	220.000	5.500%	6.050.00	216.050.00	
		3.365.000		3.691.610.05	7.056,610.05	

Towne Park Community Development District

Resolution 2018-12

RESOLUTION 2018-12

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT SETTING FORTH THE SPECIFIC TERMS OF THE DISTRICT'S SPECIAL ASSESSMENT BONDS, SERIES 2018 (ASSESSMENT AREA 3A PROJECT); CONFIRMING THE DISTRICT'S PROVISION OF IMPROVEMENTS; CONFIRMING THE SUPPLEMENTAL ENGINEER'S REPORT AND SUPPLEMENTAL ASSESSMENT REPORT; CONFIRMING, ALLOCATING AND AUTHORIZING THE COLLECTION OF SPECIAL ASSESSMENTS SECURING THE SERIES 2018 BONDS; PROVIDING FOR THE APPLICATION OF TRUE-UP PAYMENTS; PROVIDING FOR THE SUPPLEMENTATION OF THE IMPROVEMENT LIEN BOOK; PROVIDING FOR THE RECORDING OF A NOTICE OF SERIES 2018 SPECIAL ASSESSMENTS (ASSESSMENT AREA 3A PROJECT); PROVIDING FOR CONFLICTS, SEVERABILITY AND AN EFFECTIVE DATE

WHEREAS, the Towne Park Community Development District ("District") has previously indicated its intention to undertake, install, establish, construct or acquire certain public improvements and to finance such public improvements through the imposition of special assessments on benefited property within the District and the issuance of bonds; and

WHEREAS, the District's Board of Supervisors ("Board") has previously adopted, after notice and public hearing, Resolutions 2015-17 and 2018-08, relating to the imposition, levy, collection and enforcement of such special assessments; and

WHEREAS, pursuant to and consistent with the terms of Resolutions 2015-17 and 2018- 08, this Resolution shall set forth the terms of bonds actually issued by the District, and apply the adopted special assessment methodology  to the actual scope of the project to be completed with a series of bonds and the terms of the bond issue; and

WHEREAS, on June 1, 2018, the District entered into a Bond Purchase Contract, whereby it agreed to sell $10,470,000 of its Special Assessment Bonds, Series 2018 (Assessment Area 3A Project) (the "Assessment Area 3A Bonds"); and

WHEREAS, pursuant to and consistent with Resolutions 2015-17 and 2018-08, the District desires to set forth the particular terms of the sale of the Assessment Area 3A Bonds and to confirm the liens of the levy of special assessments securing the Assessment Area 3A Bonds.

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

SECTION 1. AUTHORITY FOR THIS RESOLUTION. This Resolution is adopted pursuant to the provisions of Florida law, including Chapters 170, 190 and 197, Florida Statutes, and Resolutions 2015-17 and 2018-08.

SECTION 2. FINDINGS. The Board of Supervisors of the Towne Park Community Development District hereby finds and determines as follows:

On January 21, 2015, the District, after due notice and public hearing, adopted Resolution 2015-17, which, among other things, equalized, approved, confirmed and levied special assessments on property benefiting from the improvements authorized by the District.

Subsequently, on April 12, 2018, the District, after due notice and public hearing, adopted Resolution 2018-08, which among other things equalized, approved, confirmed and levied special assessments on property benefiting from additional off-site infrastructure improvements which were not contemplated by the Preliminary Engineer's Report, dated November 2014 (the "Master Engineer's Report"), but are now set forth in the First Amendment to the Master Engineer's Report dated November 2014, dated March 2018 (the "First Amended Master Engineer's Report" and, together with the Master Engineer's Report, the "Engineer's Report"). Resolutions 2015-17 and 2018-08 provide that as each series of bonds is issued to fund all or any portion of the District's improvements, a supplemental resolution will be adopted to set forth the specific terms of each series of the bonds  and certifying the amount of the liens of the special assessments securing any portion of the bonds, including interest, costs of issuance, the number of payments due, any True-Up amounts and the application ofreceipt of any True-Up proceeds.

The Towne Park Community Development District Second Supplemental Engineer's Report, Phase 2B & 3A, dated February 2018, attached to this Resolution as Exhibit A (the "Supplemental Engineer's Report"), identifies and describes the presently expected components of the infrastructure improvements for the Assessment Area 3A Project to be financed all or in part with the Assessment Area 3A Bonds (the "Improvements"), and the estimated costs of the Assessment Area 3A Project as $16,209,788. The  District  hereby confirms that the Assessment Area 3A Project serves a proper, essential and valid  public purpose. The Supplemental Engineer's Report is hereby approved, adopted, and confirmed. The District ratifies its use in connection with the sale of the Assessment Area 3A Bonds.

The Amended and Restated Master Assessment Methodology, dated March 8, 2018 ("Amended and Restated Master Report"), which amends the Master Assessment Methodology, dated January 21, 2015, as supplemented by that certain Supplemental Assessment Methodology (Phases 2B & 3A), dated June 1, 2018 (the "Supplemental Assessment Report" and, together with the Amended and Restated Master Report, the "Assessment Report"), attached to this Resolution as Composite Exhibit B, applies to the Improvements and the actual terms of the Assessment Area 3A Bonds. The Assessment Report is hereby approved, adopted and confomed. The District ratifies its use in connection with the sale of the Assessment  Area 3A Bonds.

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(d) The Assessment Area 3A Project will specially benefit certain property within the District which prope11y is known as Assessment Area 3A, a legal description of which is attached hereto as Exhibit C (the "Assessment Area 3A Lands"). It is reasonable, proper, just and right to assess the portion of the costs of the Assessment Area 3A Project financed with the Assessment Area 3A Bonds to the specially benefited properties within the District as set forth in Resolutions 2015-17 and 2018-08, and this Resolution.

SECTION  3.	CONFIRMATION OF MAXIMUM ASSESSMENT LIEN FOR
ASSESSMENT AREA 3A BONDS. As provided in Resolutions 2015-17 and 2018-08, this Resolution is intended to set f011h the terms of the Assessment Area 3A Bonds and the final amount of the liens of the special assessments securing those bonds.

The Assessment Area 3A Bonds, in a par amount of $10,470,000, shall bear such rates of interest and maturity as shown on Exhibit D, attached hereto. The final payment on the Assessment Area 3A Bonds shall be due on November 1, 2049. The estimated sources and uses of funds of the Assessment Area 3A Bonds shall be as set forth in Exhibit E. The debt service due on the Assessment Area 3A Bonds is set forth on Exhibit F attached hereto.

The lien of the special assessments securing the Assessment Area 3A Bonds on the Assessment Area 3A Lands (the "Assessment Area 3A Special Assessments"), shall be the principal amount due on the Assessment Area 3A Bonds, together with accrued but unpaid interest thereon, and together with the amount by which annual assessments are grossed up to include early payment discounts required by law and costs of collection. The Assessment Area 3A Bonds are secured solely by the lien against the Assessment Area 3A Lands.

SECTION 4. ALLOCATION OF ASSESSMENTS SECURING THE ASSESSMENT AREA 3A BONDS.

The special assessments for the Assessment Area 3A Bonds shall be allocated in accordance with Composite Exhibit B, which allocation shall initially be on an acreage basis and further allocated as lands are platted. The Supplemental Assessment Report is consistent with the Amended and Restated Master Report. The Supplemental Assessment  Report,  considered herein, reflects the actual te1ms of the issuance of the District's Assessment Area 3A Bonds. The estimated costs of collection of the special assessments for the Assessment Area 3A Bonds are as set forth in the Supplemental Assessment Rep011.

The lien of the special assessments securing the Assessment Area 3A Bonds includes all prope11y within the Assessment Area 3A Lands, and as such land is ultimately defined and set forth in any plats, certificates of occupancy or other designations of developable acreage.

Taking into account capitalized interest and earnings on certain funds and accounts as set f011h in the Master Trust Indenture and the Third Supplemental Trust Indenture, the District shall begin annual collection of special assessments on May 1, 2019, for the Assessment Area  3A Bonds debt service payments due on November 1, 2019, using the methods available to it by law. Debt service payments and semi-annual installments of interest are reflected on Exhibit F. The Assessment Area 3A Bonds include an amount for capitalized interest through May 1, 2019.

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An owner of prope1iy subject to the Assessment Area 3A Special Assessments may pay in whole or in part the principal balance of such Assessment Area 3A Special Assessments at any time if there is also paid an amount equal to the interest that would otherwise be due on such prepaid amount on the next succeeding interest payment date, or, if prepaid during the forty-five
(45) day period preceding such interest payment date, to the interest payment date following  such next succeeding interest payment date.

An owner of prope1iy subject to the levy of Assessment Area 3A Special Assessments may pay the entire balance of the Assessment Area 3A Special Assessments remaining due, without interest, within thirty (30) days after the related Assessment Area 3A Project has been completed or acquired by the District, and the Board has adopted a resolution accepting such Assessment Area 3A Project pursuant to Chapter 170.09, Florida Statutes. This provision is subject to waiver by the owner of prope1iy at any time prior to or after the issuance of the Assessment Area 3A Bonds.

The District hereby ce1tifies the special assessments for collection and directs staff to take all actions necessary to meet the time and other deadlines imposed by Polk County and Florida law for collection. The District intends, to the extent possible and subject to entering into the appropriate agreements with the Polk County Tax Collector and Polk County Property Appraiser (or other appropriate Polk County, Florida officials) to collect the Assessment  Area 3A Special Assessments on platted lands contained within a plat or certificate  of occupancy using the Uniform Method in Chapter 197, Florida Statutes. The District intends, to the extent possible, to directly bill, collect and enforce the Assessment Area 3A Special Assessments on lands not included within an approved plat or certificate of occupancy unless in any year, the District determines it to be in its best interest to collect such assessments using the Uniform Method in Chapter 197, Florida Statutes. The District Manager shall prepare or cause to be prepared each year an assessment roll for purposes of effecting the collection of the special assessments and present same to the District Board as required by law. The District Manager is further directed and authorized to take all actions necessary to collect special assessments on property using methods available to the District authorized by Florida law in order to provide for the timely payment of debt service.

SECTION 5. APPROVAL OF TRUE-UP PROCESS AND APPLICATION OF TRUE-UP PAYMENTS.

Pursuant to Resolutions 2015-17 and 2018-08, there may be required from time to time ce1iain True-Up payments. As parcels of land are included in a plat or ce1tificate of occupancy, the special assessments securing the Assessment Area 3A Bonds shall be allocated as set forth in Resolutions 2015-17 and 2018-08, this Resolution, and the Assessment Repo1i, including, without limitation, the application of the True-Up process set forth in the Assessment Report.

Based on the final par amount of $10,470,000 in Assessment Area 3A Bonds, the True-Up calculations will be made in accordance with the process set fo1th in the Assessment Rep01i. The District shall apply all True-Up payments related to the Assessment Area 3A Bonds

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only to the credit of the Assessment Area 3A Bonds. All True-Up payments, as well as all other prepayments of assessments, shall be deposited into the accounts specified in the Third Supplemental Trust Indenture, dated as of June 1, 2018, governing the Assessment Area 3A Bonds.

SECTION 6.  IMPROVEMENT  LIEN BOOK.  Immediately  following  the  adoption of this Resolution these special assessments  as reflected  herein shall  be recorded  by the Secretary  of the Board of the District in the District's Improvement Lien Book. The special assessment or assessments against each respective parcel shall be and  shall  remain  a  legal,  valid  and  binding first lien on such parcel until paid and such lien shall be coequal with the lien of all state, county, district, municipal or other governmental taxes and  superior  in  dignity  to  all  other  liens,  titles, and claims.

SECTION  7.  OTHER  PROVISIONS  REMAIN IN EFFECT.	This Resolution is
intended to supplement Resolutions 2015-17 and 2018-08, which remains in full force and effect. This Resolution and Resolutions 2015-17 and 2018-08 shall be construed to the maximum extent possible to give full force and effect to the provisions of each resolution. All District resolutions or parts thereof in actual conflict with this Resolution are, to the extent of such conflict, superseded and repealed.

SECTION 8. ASSESSMENT NOTICE. The District's Secretary is hereby directed to record a Notice of Series 2018 Special Assessments securing the Assessment Area 3A Bonds in the Official Records of Polk County, Florida, or such other instrument evidencing the actions taken by the District.

SECTION 9. SEVERABILITY. If any section or part of a section of this resolution be declared invalid or unconstitutional, the validity, force and effect of any other section or part of a section of this resolution shall not thereby be affected or impaired unless it clearly appears that such other section or part of a section of this resolution is wholly or necessarily dependent upon the section or part of a section so held to be invalid or unconstitutional.

SECTION 10. EFFECTIVE DATE. This Resolution shall become effective upon its adoption.

{Signatures Set Forth on the Following Page}

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APPROVED AND ADOPTED this 14th day of June, 2018.

ATTEST:		TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

Exhibit  A: Comp. Exhibit B:

Exhibit C: Exhibit D: Exhibit E: Exhibit F:

Second Supplemental Engineer's Report, Phase 2B & 3A, dated February 2018
Amended and Restated Master Assessment Methodology, dated March 8, 2018, as supplemented by that certain Supplemental Assessment Methodology, (Phases 2B & 3A), dated June 1, 2018
Legal Description of Assessment Area 3A Lands Maturities and Coupons of Assessment Area 3A Bonds Sources and Uses of Funds for Assessment Area 3A Bonds
Annual Debt Service Payment Due on Assessment Area 3A Bonds

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EXHIBITC
ASSESSMENT  AREA 3A LANDS

A PORTION OF LAND LYING WITHIN SECTIONS 8 AND 17,  TOWNSHIP  29  SOUTH, RANGE 23 EAST, CITY OF LAKELAND, POLK COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED IN TWO PARCELS AS FOLLOWS:

PARCEL A (TOWNE PARK ESTATES SOUTH):

FOR A POINT OF BEGINNING COMMENCE AT THE NORTHEAST CORNER OF THE NORTHEAST  1/4   OF  SAID  SECTION  17  AND  PROCEED  S  00°  21'  4211    E,  ALONG  THE EAST BOUNDARY THEREOF, A DISTANCE OF 2704.03 FEET TO THE SOUTHEAST CORNER OF THE NORTHEAST 1/4 OF SAID SECTION 17; THENCE S 89° 48' 31 11  W, ALONG THE SOUTH BOUNDARY THEREOF, A DISTANCE OF 2317.57 FEET; THENCE S  00° 21' 37" E, LEAVING SAID SOUTH BOUNDARY, A DISTANCE OF 299.85 FEET;
THENCE  N  89°  56'  1611    W,  A  DISTANCE  OF  30.21 FEET;  THENCE  S  00°   26'   57"	E,  A
DISTANCE OF 29.97 FEET; THENCE S 89° 43' 22 11 W, A DISTANCE OF 307.22 FEET TO A POINT ON THE EAST BOUNDARY OF THE SOUTHWEST 1/4 OF SAID SECTION 17; THENCE S 00° 19'  3711   E, ALONG SAID EAST BOUNDARY,  A DISTANCE OF 364.84 FEET;
THENCE  N  71°  34'  19 11     W,   LEAVING  SAID  EAST  BOUNDARY,  A  DISTANCE  OF 52.80
FEET; THENCE N 53° 08' 3411   W,  A DISTANCE OF 92.43 FEET; THENCE N 49° 11'  5311   W,
A  DISTANCE  OF  67.17  FEET;  THENCE  N  70°  58'  5211    W,   A  DISTANCE  OF  70.89  FEET;
THENCE  N  90°  00'  0011    W,   A  DISTANCE  OF  78.58  FEET;  THENCE  N  75°  58'  1211    W,  A
DISTANCE  OF  38.12  FEET;  THENCE  N  45°  00'  4911    W,   A  DISTANCE  OF  107.83  FEET;
THENCE  N  43°  02'  1211    W,   A  DISTANCE  OF  94.82  FEET;  THENCE  N  36°  38'  5011    W,  A
DISTANCE  OF 112.29  FEET;  THENCE  N  51° 10'  54 11    W,   A DISTANCE  OF 121.62 FEET;
THENCE  N  32°  54'  5311    W,   A  DISTANCE  OF  93.56  FEET;  THENCE  N  54°  52'  4311    W,  A
DISTANCE  OF  76.29  FEET;  THENCE  N  66°  12'   14 11    W,  A  DISTANCE  OF  85.88 FEET;
THENCE  N  55° 11'  1511    W,   A  DISTANCE  OF  64.74  FEET;  THENCE  N  35°  46'  0011    W,  A
DISTANCE  OF  71.18  FEET;  THENCE  N  57°  06'  1911     W,   A  DISTANCE  OF  41.73  FEET; THENCE N 03° 24' 2611   W,  A DISTANCE OF 107.02 FEET TO THE BEGINNING OF A NON­ TANGENTIAL CURVE CONCAVE SOUTHERLY, HAVING A RADIUS OF 1500.00 FEET AND A CHORD WHICH BEARS N 87° 23'  2211   E, A DISTANCE OF 69.71 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE RIGHT, A DISTANCE OF 69.71 FEET TO A POINT OF TANGENCY;  THENCE  N  88°  43'  1511    E,  A  DISTANCE  OF  416.21 FEET  TO  A  POINT  OF CURVATURE OF A CURVE CONCAVE NORTHWESTERLY, HAVING A RADIUS OF 1090.00 FEET  AND  A  CHORD  WHICH  BEARS  N  57°  37'  2111    E,  A  DISTANCE  OF  1125.99  FEET; THENCE  ALONG THE ARC OF SAID CURVE TO THE LEFT, A DISTANCE  OF 1183.24 FEET
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TO A POINT OF TANGENCY; THENCE N 26° 31' 27" E, A DISTANCE OF 567.60 FEET TO A POINT OF CURVATURE OF A CURVE CONCAVE SOUTHEASTERLY, HAVING A RADIUS OF 2000.00 FEET AND A CHORD  WHICH BEARS  N 33° 48' 01" E, A DISTANCE  OF
506.60 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE RIGHT, A DISTANCE OF 507.97 FEET TO A POINT OF TANGENCY; THENCE N 41° 04' 35" E, A DISTANCE OF
FEET TO A POINT OF CURVATURE OF A CURVE CONCAVE NORTHWESTERLY, HAVING A RADIUS OF 390.00 FEET AND A CHORD WHICH BEARS N 20° 26' 10" E, A DISTANCE OF 274.95 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE LEFT, A DISTANCE OF 280.99 FEET TO A POINT OF TANGENCY; THENCE N 00° 12' 15" W, A DISTANCE OF 271.21 FEET TO A POINT ON THE NORTH BOUNDARY OF THE NORTHEAST 1/4 OF SAID SECTION 17; THENCE S 89° 51' 10" W, ALONG SAID NORTH BOUNDARY, A DISTANCE OF 1127.56 FEET TO THE POINT OF BEGINNING.

THE ABOVE PARCEL CONTAINING 129.76 ACRES, MORE OR LESS PARCEL B (MEDULLA ROAD EXTENSION}:
FOR A POINT OF BEGINNING COMMENCE AT THE MOST SOUTHWEST CORNER OF LOT 20 OF BLOCK 1 OF TOWNE PARK ESTATES PHASE 2A AS RECORDED IN PLAT BOOK 163, PAGE 47 OF THE PUBLIC RECORDS OF POLK COUNTY, FLORIDA, AND PROCEED S 36° 19' 40" W, A DISTANCE OF 118.06 FEET TO THE BEGINNING OF A NON-TANGENTIAL CURVE CONCAVE NORTHEASTERLY, HAVING A RADIUS OF 535.00 FEET AND A CHORD WHICH BEARS N 47° 19' 57" W, A DISTANCE OF 612.42; THENCE ALONG THE ARC OF SAID CURVE TO THE RIGHT, A DISTANCE OF 652.03 FEET TO A POINT ON THE SOUTH RIGHT-OF-WAY LINE OF WEST PIPKIN ROAD AS DEDICATED PER OFFICIAL RECORDS BOOK 4374, PAGE 911 OF THE PUBLIC RECORDS OF POLK COUNTY, FLORIDA AND BEING THE BEGINNING OF A NON-TANGENTIAL CURVE CONCAVE SOUTHERLY, HAVING A RADIUS OF 6925.00 FEET AND A CHORD WHICH BEARS N 88° 16' 10" E, A DISTANCE OF 112.46 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE RIGHT, AND ALONG SAID SOUTH RIGHT-OF-WAY LINE, A DISTANCE OF 112.46 TO THE BEGINNING OF A NON-TANGENTIAL CURVE CONCAVE NORTHEASTERLY, HAVING A RADIUS OF 425.00 FEET AND A CHORD WHICH BEARS S 52° 43' 03" E, A DISTANCE OF 517.29 FEET; THENCE ALONG THE ARC OF SAID CURVE TO THE LEFT, A DISTANCE OF 556.13 FEET TO A POINT OF TANGENCY; THENCE N 89° 47' 45" E, A DISTANCE OF 3.62 FEET TO A POINT ON THE WESTERLY BOUNDARY OF SAID TOWNE PARK ESTATES PHASE 2A; THENCE S 36° 19' 40" W, ALONG SAID BOUNDARY, A DISTANCE OF 12.42 FEET TO THE POINT OF BEGINNING.

THE ABOVE PARCEL CONTAINING 1.53 ACRES, MORE OR LESS

EXHIBIT D - Maturities and Coupons of Assessment Area 3A Bonds

BOND SUlvilvIARY STATISTICS

Towne  Park CDD
Special  As<,e'>'>ment Bonds. Series 201S  (Phase 3A)

Dated Date	06 2l 2018	
DeliYe1y Date	06 2l 201S	
Last l\foturity	05·01 2049	
Al'bitrage Yield	5.424953%	
True !merest Cost (TIC)	5.601034%	
Ner foterest Co;t (NIC)	5.541021%	
All-In TIC	5.710012%	
AYerage Coupon	5.437607%	
A\'erage Life (years)	20.194	
Duration oflssue (years)	11.744	
Par Amount	10.470.000.00	
Bond Proceeds	10.460.746.50	
Total Interest	11.497.050.31	
Net Interest	11.715.703.S l	
Total Debt Service	21.967.050.31	
l\·foximum Amrnal Debt Ser.ice	709.300,00	
Average Amnial Debt Ser\'ice	711.S03.61	
Unden\Titer's fees (per $1000)		
Average Takeclown Other fee	
20.000000	
Total Underwriter\ Discount	20.000000	
Bid Price	97.911619	

Bond Component	Par Value	
Price	AYerag.e
Coupon	Average
Life	
Tenn 1_3A	650,000.00	100.000	4.000%	3.400	
Tenn 2_3A	1.000.000.00	100.000	5.000%	7.961	
Tenn 3_3A	2.9S5.000.00	99.690	5.375%	15.S04	
Tenn 4_3A	5.S35.000.00	100.000	5.500%	26.408	
	10.470.000,00			20.194	

TIC

All-In TIC

Arbitrnsre
y;.;ic1

Par Value
+ Accrned Interest

  
10.470,000,00	10.470,000.00	10.470.000,00

+ Premium (Discount)
Unclenniter's Di;count
Cost oflsmance Expense
Other Amounts

-9.253.50
-209.400,00

-9.253.50
-209.400.00
-126.405,00

-9.253,50

Target Value

Target Date Yield

10.251.346.50

06 2l/201S
5.601034'%

10.124.941.50

0621201S
5.710012%

10.460,746.50

06'21'201S
5.424953%

EXHIBIT E- Sources and Uses of Funds for Assessment 3A Bonds

SOURCES A1'-'1J  USES OF FUNDS

Towne Park CDD
Special Assessment  Bonds. Sei-ies 2018 (Phase lB  and 3A)

	Special
Asses.-,1nent
Bonds. Series	Special
Assessment Bonds. Series		
	20 I 8 (Plrnse	2018 (Plrnse		
Sources:	2B)	3A)	Total	
Bond Proceeds:				
Par Amount	3.365.000.00	10.470.000.00	13.S35.000.00	
Origirwl Issue Discount	-2.991.50	-9.253.50	-12.245.00	
	3.361.008.50	10.460.746.50	13.822.755.00	
	
Special	
Special		
	Assessment	Asses.stnent		
	Bonds. Series	Bonds. Series		
	2018 (Phase	2018 (Phase		
Use;:	2B)	3A)	Total	
Other Fund Deposits:				
DSRF (SO% mad;)	183.520.01	567,440.00	750.960.01	
Capitalized Interest (thm 5 'I 2019)	 I 5.J.241.15	479.956.43	634.197.58	
	337.761.16	l.047.396.43	1.3S5.157.59	
Delive1y Date Expenses:				
Cost oflssuauce	121.400.00	126.405.00	247.S05.00	
Unde1wrirer's Discount	 	67,300.00	109.400,00	276.700.00	
ISS.700.00	335.805.00	524.505.00	
Other Uses of Funds:			
Constmction Fund	2.835.547.34	9.077.5-15.07	11.913.092.41	
3.362.00S.50	10.460.746.50	13.8.22.755.00	

EXHIBIT F - Annual Debt Service Payment Due on Assessment Area 3A Bonds

BOl\D DEBT SER\·1CE

Towne Pmk CDD
Special Assessment Bonds, Series 2018  (Phase 3A)

	Period Ending	
Principal	
Coupon	
Interest	
Debt Sen·ice	
	11012018			201.272.05	201.272.05	
	11 /0112019			557.368.76	557,368.76	
	[[i0L2020	155.000	4.000%	554.268.76	709.268. 76	
	11.01 2021	160.000	4.000%	547.968.76	707.968.76	
	11 01 /2022	165.000	4.000%	541.468.76	706.468.76	
	11 01 2023	170.000	4.000%	534.768.76	704.768.76	
	1101':!024	180.000	5.000%	526.86S.76	706.868.76	
	11 '01 2025	190.000	5.000%	517.618.76	707.618.76	
	11012026	200.000	5.000%	507.868.76	707.868.76	
	11 012027	210.000	5.000%	497.618.76	707.618.76	
	11'01 202S	220.000	5.000%	4S6.868.76	706.868.76	
	ll i0[i2029	230.000	5.375%	475.187.51	705.187.51	
	11 '01 2030	245.000	5.375%	462.421.88	707A21.88	
	11 0L!031	260.000	5.375%	448.850.00	70S.850.00	
	11 0[12032	270.000	5.375%	434.606.25	704.606.25	
	11012033	285.000	5.375%	419.690.63	704.690.63	
	11012034	305.000	5.375%	403.834.38	708.834.38	
	l l '01 2035	320.000	5.375%	387.037.50	707.037.50	
	11 '01 2036	340.000	5.375%	369.300.00	709.300.00	
	[ [ i0[ ,2037	355.000	5.375 0	350.621.88	705.621.88	
	11 01 2038	375.000	5.375 'o	331.003.13	706.003.13	
	11012039	395.000	5.500%	310,062.50	705,062.50	
	11 01 2040	420.000	5.500%	287.650.00	707.650.00	
	11 '01 2041	445.000	5.500%	263.862.50	708.862.50	
	11 012042	470.000	5.500%	238.700.00	708.700.00	
	11 01 2043	495.000	5.500'%	212.162.50	707.162.50	
	11 01/2044	520.000	5.500%	184.250.00	704.250.00	
	11.01 2045	550.000	5.500%	154.825.00	70-1.825.00	
	11 '01 2046	585.000	5.500%	123,612.50	708.612.50	
	11 01 2047	615.000	5.500%	90.612.50	705.612.50	
	11101 ·20-18	650.000	5.500%	55.825.00	705.825.00	
	11012049	690.000	5.500%	18.975.00	708.975.00	
		10.470.000		11.497,050.31	21.967.050.31	

Towne Park Community Development District

Agreement between the District and Resort Pool Services for Pool Maintenance

AGREEMENT BETWEEN MCDONNEL CORPORATION DBA RESORT POOL SERVICES
AND TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT FOR POOL MAINTENANCE SERVICES

This agreement is made and entered into this 14th day of June, 2018 by and between:

TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT, a local unit of special­ purpose government established pursuant to Chapter 190, Florida Statutes, with a mailing address of c/o District Manager, Fishkind & Associates, Inc., 12051 Corporate Boulevard, Orlando, Florida 32817 (the "District"), and

McDONNELL	CORPORATION	DBA	RESORT	POOL	SERVICES,	a	Florida
corporation, with an address of 1171 Mesa Verde Court, Clermont, Florida 34711 ("Contractor" and, together with the District, the "Parties").

RECITALS

WHEREAS, the District was established for the purpose of planning, financing, constructing, operating and/or maintaining certain community infrastructure, including among other things, a recreation facility inclusive of a pool (the "Facilities"); and

WHEREAS, the District desires to enter into an agreement with an independent contractor to provide pool maintenance services for the Facilities; and

WHEREAS, Contractor represents that it is qualified, licensed and insured to provide pool maintenance and janitorial services and has agreed to provide to the District those services identified in Contractor's Proposal dated May 24, 2018 attached hereto as Exhibit A and in compliance with the terms and conditions of this Agreement (the "Services"); 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:

INCORPORATION OF RECITALS. The recitals so stated are true and correct and by this reference are incorporated into and form a material part of this Agreement.

DESCRIPTION OF WORK AND SERVICES. The Contractor agrees to provide the Services to the Facilities three (3) times per week as more particularly described in Exhibit A.

Contractor agrees to provide certain chemicals necessary to maintain chlorine, pH and alkalinity levels of waters held in the Pool, as defined hereafter, which chemicals may include but not be limited to liquid

chlorine (sodium hypochlorate), non-fuming pool acid, bi-carb, shock and shock-totes, calcium chlorite, cyanuries, CYA (stabilizer) and filter powder ("Chemicals"). For the avoidance of doubt, the parties agree that "Chemicals" does not include chemicals necessary to correct water chemistry imbalance caused by property negligence, vandalism, pool draining, faulty or inadequate electric service, inadequate circulation or Acts of God.

The Parties agree that the Contractor shall independently test the water chemistry of the Pool, and shall keep an accurate and up-to-date written log of such tests during the term of this Agreement and for two (2) years thereafter.  In the event that such tests reveal that proper water chemistry  is not being maintained, the Contractor shall promptly notify District of  the same, and the Contractor will add chemicals to the Pool as necessary  to maintain proper water chemistry therein. All responsibility for maintenance of the Chemicals in the Pool shall accrue to and be the responsibility of the Contractor.

Contractor shall not be liable for default in the performance or discharge of its duty to deliver Chemicals under this Agreement to the extent caused by Acts of God, civil or military authority, public enemy, fire, floods, winds, storms, labor disorders, strikes, work stoppages or other labor trouble, accidents riots, civil commotion, closing the public highways, terrorist acts or threats, governmental interference or regulations and other contingencies, similar to the foregoing, beyond Contractor's reasonable control.

Should the District desire that the Contractor provide additional work and/or services, such additional work and/or services shall be fully performed by the Contractor after prior written approval of a work authorization. The Contractor agrees that the District shall not be liable  for the payment of any additional work and/or services unless the District first authorizes the Contractor to perform such additional work and/or services through an authorized and fully executed written work authorization. Nothing herein shall be construed to require the District to use the Contractor for any such additional work and/or services, and the District reserves the right to retain a different contractor to perform any additional work and/or services.

COMPENSATION AND TERM. The District agrees to compensate Contractor Nine Hundred Fifty Dollars and No Cents ($950.00) per month for providing pool maintenance services and Six Hundred Dollars and No Cents ($600.00) per month for providing janitorial services for a total of One Thousand Five Hundred Fifty Dollars and No Cents ($1,550.00) per month for the Services set forth in this Agreement. The annual total under this Agreement shall not exceed Eighteen Thousand Six Hundred Dollars and No Cents ($18,600.00). The District shall provide payment within thirty (30) days of receipt of invoices. The term of this Agreement

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shall be from June 1, 2018 through May 31, 2019, unless extended by the Parties or terminated earlier in accordance with the terms of this Agreement.

MANNER OF CONTRACTOR'S PERFORMANCE. The Contractor agrees, as an independent contractor, to undertake the Services as specified in this Agreement or any work authorization (see Section 2.D. herein) issued in connection with this Agreement. All Services shall be performed in a neat and professional manner reasonably acceptable to the District and shall be in accordance with industry standards. The performance of all Services by  the Contractor under this Agreement and related to this Agreement shall conform to any written instructions issued by the District.

Contractor in conducting the Services shall use all due care to protect against any harm to persons or property. If the Contractor's acts or omissions result in any  damage  to  property within the District, the Contractor shall immediately notify the District and repair all damage - and/or replace damaged property- to the satisfaction of the District.

INSURANCE.

Contractor shall maintain throughout the term of this Agreement the following insurance:

Worker's Compensation Insurance in accordance with the laws of the State of Florida.

Commercial General Liability Insurance covering Contractor's legal liability for bodily injuries, with limits of not less than
$3,000,000 combined single limit bodily injury and property damage liability, and covering at least the following hazards:

Independent Contractors Coverage for bodily injury and property damage in connection with any subcontractors' operation.

Employer's Liability Coverage with limits of at least $1,000,000 (one million dollars) per accident or disease.

Automobile Liability Insurance for bodily injuries in limits of not less than $1,000,000 combined single limit bodily injury and for property damage, providing coverage for any accident arising out of or resulting from the operation, maintenance, or use by Contractor of any owned, non-owned, or hired automobiles, trailers, or other equipment required to be licensed.

The District, its officers, supervisors, staff and employees shall be named as additional insureds. Contractor shall furnish the District with the Certificate of Insurance evidencing compliance with this requirement. No

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ce1iificate shall be acceptable to the District unless it provides that any change or termination within the policy periods of the  insurance coverages, as certified, shall not be effective within thirty (30) days of prior written notice to the District. Insurance coverage shall be from a reputable insurance carrier, licensed to conduct business in the State of Florida.

If Contractor fails to have secured and maintained the required insurance, the District has the right but not the obligation to secure such required insurance in which event Contractor shall pay the cost for that required insurance and shall furnish, upon demand, all information that may be required in connection with the District's obtaining the required insurance.

INDEMNIFICATION.

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

Contractor agrees to indemnify, defend and hold harmless the District and its officers, supervisors, staff and employees from any and all liability, claims, actions, suits or demands by any person, corporation or  other entity for injuries, death, property damage or of any nature, to the extent caused by (1) the acts or omission of Contractor or (2) the work (or failure of work) performed by Contractor, including litigation or any appellate proceedings with respect thereto. Contractor further agrees that nothing herein shall constitute or be construed as a waiver of the District's limitations on liability contained in section 768.28, Florida Statutes, or other statute.

COMPLIANCE WITH GOVERNMENTAL REGULATION. Contractor shall keep, observe, and perform all requirements of applicable local, State, and Federal laws, rules, regulations, or ordinances. If Contractor fails to notify the District in writing within five (5) days of the receipt of any notice, order, required to comply notice, or a rep01i of a violation or an alleged violation, made by any local, State, or Federal governmental body or agency or subdivision thereof with respect to the services being rendered under this Agreement or any action of Contractor or any of its agents, servants, employees, or materialmen, or with respect to terms, wages, hours, conditions of employment, safety appliances, or any other requirements applicable to provision of services, or fails to comply with any requirement of such  agency within five (5) days after receipt of any such notice, order, request to comply notice, or report of a violation or an alleged violation, the District may te1minate this Agreement, such termination to be effective upon the giving of notice of termination.

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LIENS AND CLAIMS. Contractor shall promptly and properly pay for all labor employed, materials purchased, and equipment hired by it to perform under this Agreement. Contractor shall keep the District's property free from any materialmen's  or mechanic's  liens and claims or notices in respect to such liens and claims, which arise by reason of Contractor's performance under this Agreement, and Contractor shall immediately discharge any such claim or lien. In the event that Contractor does not pay or satisfy such claim or lien within three (3) business days after the filing of notice thereof, the District, in addition to any and all other remedies available under this Agreement, may terminate this Agreement to be effective immediately upon the giving of notice of termination.

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 damages, injunctive relief, and/or specific perf01mance. The District shall be solely responsible for enforcing its rights under this Agreement against any  interfering  third  party.  Nothing  contained  in this  Agreement  shall  limit or impair the District's right to protect its rights from interference by a third  party  to  this Agreement.

CUSTOM AND USAGE. It is hereby agreed, any law, custom, or usage to the contrary notwithstanding, that the District shall have the right at all times to enforce the conditions and agreements contained in this Agreement in strict accordance with the terms of this Agreement, notwithstanding any conduct or custom on the part of the District in refraining from so doing; and further, that the failure of the District at any time or times to strictly enforce its rights under this Agreement shall not be construed as having created a custom in any way or manner contrary to the specific conditions and agreements of this Agreement, or as having in any way modified or waived the same.

SUCCESSORS. This Agreement shall inure to the benefit of and be binding upon the heirs, executors, administrators, successors, and assigns of the Paiiies to this Agreement, except as expressly limited in this Agreement.

TERMINATION. The District agrees that Contractor may terminate this Agreement by providing thirty (30) days written notice of termination to the District stating a failure of the District to perform according to the terms of this Agreement; provided, however, that the District shall be provided a reasonable opportunity to cure any failure under this Agreement. Contractor agrees that the District may terminate this Agreement immediately with or without cause by providing written notice of te1mination to Contractor. Upon any termination of this Agreement, Contractor shall be entitled to payment for all work and/or services rendered up until the effective termination of this Agreement, subject to whatever claims or off-sets the District may have against the Contractor.

PERMITS AND LICENSES. All permits and licenses required by any governmental agency directly for the District shall be obtained and paid for by the District. All other permits or licenses necessai·y for Contractor to perform under this Agreement shall be obtained and paid for by Contractor.

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ASSIGNMENT. Neither the District nor Contractor may assign this Agreement without the prior written approval of the other. Any purported assignment without such approval shall be void.

INDEPENDENT CONTRACTOR STATUS. In all matters relating to this Agreement, Contractor shall be acting as an independent contractor. Neither Contractor nor employees of Contractor, if there are any, are employees of the District under the meaning or application  of any Federal or State Unemployment or Insurance Laws or Old Age Laws or otherwise. Contractor agrees to assume all liabilities or obligations imposed by any one or more of such laws with respect to employees of Contractor, if there are any, in the performance of this Agreement. Contractor  shall not have any authority to assume or create any obligation, express or implied, on behalf of the District and Contractor shall have no authority to represent the District as an agent, employee, or in any other capacity, unless otherwise set forth in this Agreement.

HEADINGS FOR CONVENIENCE ONLY. The descriptive  headings  in  this Agreement are for convenience only and shall neither control nor affect the meaning or construction of any of the provisions of this Agreement.

ENFORCEMENT OF AGREEMENT. A default by either party under this Agreement shall entitle the other party to all remedies available at law or in equity. In the event that either the District or Contractor is required to enforce this Agreement by court proceedings or otherwise, then the substantially prevailing party shall be entitled to recover all fees and costs incurred, including reasonable attorneys' fees and costs for trial, alternative dispute resolution, or appellate proceedings.

AGREEMENT. This instrument shall constitute the final and complete  expression of this Agreement between the District and Contractor relating to the subject matter of this Agreement.

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 Contractor.

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

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:

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If to Contractor:

If to the District:

With a copy to:

McDonnell Corporation dba Resort Pool Services
1171 Mesa Verde Court Clermont, Florida 34711 Attn: Roger McDonnell

Towne Park Community Development District Fishkind & Associates, Inc. 12051 Corporate Boulevard
Orlando, Florida 32817 Attn: District Manager

Hopping Green & Sams, P.A. 119 S. Momoe Street, Suite 300
Tallahassee, Florida 32301 Attn: District Counsel

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 Contractor may  deliver Notice on behalf of the District and 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 f01ih herein.

THIRD PARTY BENEFICIARIES. This Agreement is solely for the benefit of the District and Contractor and no right or cause of action shall accrue upon or by reason, to or for the benefit of any third paiiy 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 District and 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 Contractor and their respective representatives, successors, and assigns.

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. Venue for any dispute arising under this Agreement shall be in a court of appropriate jurisdiction in Polk County, Florida.

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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 such records, including, but not limited, to Section 119.0701, Florida Statutes. Contractor acknowledges that the designated public records custodian for the District is Jane Gaarlandt ("Public Records Custodian"). Among other requirements and to the  extent  applicable by law, the Contractor 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; 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 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 the Contractor's possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws. When such public records are transfen-ed by Contractor, 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 formats.

IF 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, JANEG@FISHKIND.COM, 12051 CORPORATE BOULEVARD, ORLANDO, FLORIDA 32817.
SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Agreement shall not affect the validity or enforceability of the remaining portions of this Agreement, or any part of this Agreement not held to be invalid or unenforceable.

ARM'S LENGTH TRANSACTION. This Agreement has been  negotiated  fully between the District and Contractor as an arm's length transaction. The District and Contractor participated fully in the preparation of this Agreement with the assistance of their respective counsel. In the case of a dispute concerning the interpretation of any provision of  this Agreement, the paities are each deemed to have drafted, chosen, and selected the language, and any doubtful language will not be interpreted or construed against any party.

COUNTERPARTS. This Agreement may be executed in any number  of counterparts, each of which when executed and delivered shall be an original; however, all such counterpaiis together shall constitute, but one and the saine instrument.

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IN WITNESS WHEREOF, the parties hereto have signed and sealed this Agreement on the day and year first written above.

Attest:	TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

WITNESS:		MCDONNELL CORPORATION, DBA RESORT POOL SERVICES

Witness

By:--------------
Print: 	_
Its:    	

Print Name of Witness

EXHIBIT A: Contractor's Proposal dated May 24, 2018

9

>

POOL	SE	VICES
mercial Pool Specialist
DE COURT CLER.M:ONT FL 34711 Cell 321 689 6210
0 5/24 /20 18
   REEMENT FOR TOWNE PARK 11 CDD
CKGROUNDOFAGREEMHNT
018 Andending the...05/31/2019...... between  Resort  Pool Services at 711 hereafter referred to  as  RPSand  To-wne Park 11CDD hereafter d bind the duties negotiated and determined between the two partied ATION swimming pool,h e, r e a ft er referred to as RPSIs In theb usines rvice.
he ASSOCIATION with the following facilities:­

AGRBBME:NT
nd covenants set forth In t:be agreement, the parties agreeas follows:-
ervice to ASSOCIATIONp o ol.

vice and chemicals will be $950.00 per JDonth.

y both RPSandAssociation. ment andpole and pool net.

required
as  needed  to ensure safe water andk eep    properr  ecords   for

, electrical and mechanical  problems t:oResor ts  upervsi  ors  .

iture

e the above mentioned services from ....05/29/2018...Until. matically rene'Wable at its expira tion subject to change or ssociation.	This agreement may be terminated, with or without
her party, without the approval of eitherp art,y sent viaelectronic
Upon ter minatio,n The association is not responsible for the

ayment of services rendered up to the date of"termination of this

hat Ass ociation is a first class establishment catering to the
on to provide efficient:, courteous and a quality service t:oAssociation

ally understood and agreed that: RPS is acting as an independ ent vvith  t:he resort and that under no circums  tancess h all RPSor any of itself or themselves, or hold itself or th emselves out t:obes erva nt,s

"orceability,   or    non-app  licab ility    of   any    item   or   prov1s1on   of   this term or provision to any person or circumstance shall not Impair or  d the remaining terms and conditions hereof shall not be invalidated ds h  all be construed  as i.fsuch invalid, unenforceable or  non app  licable

or   modification   of   the   agreement   or   any   covenan, t:  condition,  or
d   unless  in   writing  and    duly  executed   by  the   party  to  be  charged any waiver or modification shalJ be offered or received in evidence in between parties arising out of'or affecting thisagreement or the rights es s uch waiver or mod i fi c a ti o n is in writing and duly executed. The aived excepth er e i n set forth. Anywaiver on thep ar t ofeither party
ot imply or constitute the wa1ver of any other right or interest or any onstitutes the entire agreement of the parties hereto with respect to
d  supersedes  any  and  all  previous  agr  eemenst   b etween  the  parties,
uch subject matter.
parties agree that thsi   agr  eement andthe interpretation of the terms
eund  er  shall be construed andr egula ted under and by the Ja ws	of the

n ti v e , and	choice of Jaws.r   ules,   r  eg  ar d  less    of thep  lace  thsi   agreement
mance  hereunder  takes  p  lace.	Thsi	agreement  shall  ens  ure  to  the

hereto and theirs  ucce s  ors and authorized ass  igns. ection andp  aragr  aph   headings  used  throughout  thsi

agr   eement:are

way define. llmit or describe the scope or intent of this agreement or

greements.	The original and one or more copies of this agreement rties hereto.		In such event all ofsuch executed copies s h  al l  have the
ina, l  and  all of such counter par   ts, taken together, shallh ave the effect
ESS WHERE OF, tJ:i,ep    ar  t ies   have caus  ed	the	a gr  e e m  e n t   to  b  e  exacted

r Hurricane or S  er io us	weather  clean up.  Cost to be agi·eed	upon by c c ep	ta b l e prior to commencement of work
g e n cy clean up after Poop in pool call outs.
RESORT POOL SERVICES

P,I>

SIGNATU RE ------------------------------
NAMEP RINTED- ROGER McDONNELL TIT LE	PRESIDENT
D ATE..................   0  5/24 /20  1 8

POOL	SERVICES
SA VERDE COURT
CLERlVIONT
FL 34711
321 689 6210
05/17/2018

ERVICE QUOTE FOR
NE PAR.Kil CDD

for pool service at Tovvne Park II CDD

NTH NTH

n reviewing ot:her quotes:	Included in this price vvill be uter on  your pool to  add chemicals.	The advantage ofthis onitored  and  any change in  the chlo_rin		e	level  is  corrected
and your residents safer -water.	Currently you just have a
ain pool and if lots of people are in the pool the chlorine
l ofche1nicals, only once everybody is out of the pool will vel they have set the pumps at. The computer removes the e chemical pumps at, as you will not know how busy the
by having the computer installed this problem isn,t an issue

uters is that at no point vvill you incur any cost to any
ng the Stenna pumps.	Should anything break Resort Pool Stenna puinps are around $450 each.

and the computers will add the chemicals as needed 24 nsideration  when  lookin.g at  otherb ids	you may obtain.

mmercial Hotel pools and HOA Pools> we are experienced in d provide excellents ervice.	We also offer a full repair

service for any aspect of the pool, spa and heaters including resurface work.

Resort Pool Services is fully insured and all staff are CPO qualified and covered by workers compensation.	All CPO licenses can be provided and would also be on site should we be your successful candidate.

Cleaning Duties.

Test pool water on each visit and adjust Chlorine and PH levels if required. Vacuum or net pool on each visit. Brush walls and floor as required.
Clean filter grids as required to maintain flow required by Health Dept.

Report any faults in pool equipment to the Engineering and once approved carry out repairs. Clean tile as required.
Maintain computers Blow off deck Straighten pool furniture
JANITORIAL DUTIES AND QUOTE

Floors to be washed as needed with bleach

Counter tops sinks urinals and toilets to be wiped down with disinfectant Hand towels and toilet paper to be changed as needed
Mirrors cleaned Soap filled as needed
We also supply new toilet roll holders and hand towel holders Club house floors cleaned and washed including kitchen area Windows cleaned as needed
Also can put out the chairs for meetings if you let us know when.

CURRENT CLIENTS OF RESORT POOL SERVICES

Owned and Operated by Roger McDonnell for the past 9 years.

Current Clients.

Omni at Champions Gate.

We serviced the Omni pools from 2006 untll 2009 when the Engineer in charge thought he could save money by going in house. In 2014 we were asked to return and have been on site since February 2014. 7 day a week service.

Mystic Dunes.

We have serviced this large Time Share Resort for 9 years. Property has a large pool with a slide, and 4 other pools and 2 kiddie pools. 7 day a week service.

for 9 years. 1 Large Pool and 1 spa and 1 Kiddie pool. 7 day a week service.

Titan Propertv Management

7 HOA Properties on a 3 day a week service.

Hara Management

2 HOA Properties on a 3 day a week service.

Leland Management

Stonefield on a 3 day a week service

Lakes of Windermere 3 day a week service and bathrooms Lake Burden 3 day a week service and bathrooms

Lake sawyer south 3 day service and bathrooms Saddlebrook 3 day a week service and bathrooms Mable Bridge 3 day a week service and bathrooms

KPW Property Management.

Lakeside at Lakes of Windermere 3 day a week service. Dockside 3 day a week service
Post Apartments

2 HOA Properties on a 3 day a week service

Madison at Metro west.

HOA Property on a 3 day a week service

Pioneer management 7 pools 3 days a week

We would be pleased to supply names of any of the Managers from the above list to supply you with a reference for our company.

Current staff of 5 Pool Technicians all licensed, insured and covered by Workers Compensation. All CPO licensed. We provide top quality service for top quality properties.

We look forward to working with you to provide a safe swimming experience for your residents. Yours sincerely
Simon Mcdonnell Resort Pool Services

Towne Park Community Development District

Agreement between the District and Faulkner Engineering Services, Inc. for Construction Materials Testing Services

AGREEMENT FOR CONSTRUCTION MATERIALS TESTING SERVICES BY AND BETWEEN FAULKNER ENGINEERING SERVICES, INC. AND
TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT
Tms AGREEMENT is made and entered into this day of May, 2018, by and between:
TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT, a local unit of special­ purpose government established pursuant to Chapter 190, Florida Statutes, being situated in the City of Lakeland, Polk County, Florida, with a mailing address of c/o Fishkind & Associates, Inc., 12051 Corporate Boulevard, Orlando, Florida 32817 ("District"), and

FAULKNER ENGINEERING SERVICES, INC., a Florida corporation,  with an address of 2734 Causeway Center Drive, Tampa, Florida 33619 (hereinafter "Contractor" and together with the District, the "Parties").

RECITALS

WHEREAS, the District was established pursuant to Chapter 190, Florida Statutes, for the purpose of planning, financing, constructing, installing, operating, and/or maintaining certain infrastructure improvements; and

WHEREAS, the District desires to retain an independent contractor to perform construction materials testing services for Phase 2B of the District (the "Services"), as more particularly described in this Agreement and Contractor represents that it is capable of providing such services and desires to contract with the District to do so in accordance  with the terms  of this Agreement; 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 correct and by this reference are incorporated into and form 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 described herein and attached hereto as Exhibit A. Specifically, Contractor shall provide roadway  construction, and utility installation backfill testing services for Phase 2B at the direction of the District Engineer. Services shall be performed in accordance with Contractor's Proposal  attached  hereto as Exhibit A. Contractor shall coordinate the Services with other  contractors  performing  work for the District and specifically to accomplish the completion of the District lot and infrastructure

1

improvements. Should any questions arise as to the coordination required, the Contractor shall consult with the District Engineer. Additionally:

The Contractor shall report directly to the District Engineer. Contractor shall use all due care to protect the prope11y of the District, its residents and landowners from damage and shall follow and be responsible for the Services set forth herein. Contractor agrees to repair any damage resulting from Contractor's activities  and work within twenty-four (24) hours.

This Agreement grants to Contractor the right to enter the District lands which 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.

The District is relying on the Contractor as the expert in this field. 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. Any additional compensation for additional duties shall be paid only as negotiated between the parties and upon the written authorization of the District.

SECTION 3. PAYMENT FOR SERVICES. Contractor hereby agrees to perform roadway construction and utility installation backfill testing services for Phase 2, as more paiiicularly described in the specifications attached hereto as Exhibit A and incorporated herein by reference. This Agreement shall not include building pad construction or 79g repo11ing and materials testing identified in Exhibit A. The cost of Services shall be performed in accordance with the rates set fo1ih in Exhibit A attached hereto and incorporated herein by reference and the total of which shall be in an amount not to exceed $15,420.00 (Fifteen Thousand Four Hundred Twenty Dollars and No Cents). To the extent any of the provisions in the attached Exhibit A conflict with the provisions of this Agreement, this Agreement shall control.  Contractor  agrees to render a final invoice to the District, in writing, which shall be delivered or mailed to the District no later than the 5th day of the next succeeding month. The District, upon receipt of such timely invoice, shall pay the Contractor within thi11y (30) days ofreceipt of such an invoice.

SECTION 4. WARRANTY AND COVENANT. The Contractor warrants to the District that materials, if any, 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 provided under the terms of this Agreement for a period of twelve (12) months after final written acceptance by the District or longer as required under Florida law. Contractor fmiher warrants to the District those waiTanties which Contractor otherwise warrants to others and the duration of such warranties is as provided by Florida law. Contractor shall replace or repair warranted items to the District's satisfaction and in the District's discretion. Neither final acceptance of the Services, nor 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 materials or Services are found to be defective, deficient or not in

2

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 therefrom to District property or the property of landowner's within the District.

Contractor hereby covenants to the District that it shall provide the materials and perform the Services: (i) using its best skill and judgment and in accordance with generally accepted professional and design standards and practices for projects of similar design and complexity; (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 corporate and individual) for all required basic disciplines that it shall perform; and (iii) in an expeditious and economical manner consistent with the best interest of the District. Contractor hereby covenants to the District that any work product of the Contractor shall not call for the use nor infringe any patent, trademark, services mark, copyright or other proprietary interest claimed or held by any person or business entity absent prior written consent from the District.

SECTION 5. INSURANCE. Contractor shall, at its own  expense,  maintain  insurance during the performance of its services under this Agreement, with limits of liability not less than the following:

Workers Compensation

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

Automobile Liability (if applicable)
Bodily Injury and Property Damage

Statutory

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

$1,000,000

Contractor shall provide District with a certificate naming the District, its supervisors, officers, agents and consultants and TP II, LLC as additional insureds. At no time shall Contractor be without insurance in the above amounts. No policy may be canceled during the term of this Agreement without at least 30 days written notice to the District. An insurance certificate evidencing compliance with this section shall be sent to the District prior to the commencement of any performance under this Agreement.

SECTION 6. INDEPENDENT CONTRACTOR.  It is understood and agreed that at all times the relationship of Contractor and it's 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 partner 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  Parties acknowledge that Contractor is not an employee for state or federal tax purposes.  Contractor shall hire and pay all of Contractor's employees, agents, subcontractors or anyone directly or indirectly employed by Contractor, all of whom shall be employees of Contractor and not

3

employees of District and at all times entirely under Contractor's supervision, direction and control.

In particular, 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.

SECTION   7.	COMPLIANCE   WITH   LAWS,   ORDINANCES   AND  REGULATIONS.	In
performing 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 governmental 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 damage, 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 part 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 damage 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 8.	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 party. Nothing contained  in this Agreement shall  limit or impair the District's right to protect its rights from interference by a third party to this Agreement.

SECTION 9.  ENFORCEMENT  OF AGREEMENT.  In the event that either Pmty is required to enforce this Agreement by court proceedings or otherwise, then the Parties agree that the prevailing Party shall be entitled to recover from the other all fees and costs incurred, including reasonable attorneys' fees and costs for trial, alternative dispute resolution, or appellate proceedings.

SECTION 10.  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.

4

SECTION 11. AUTHORITY TO CONTRACT. The execution of this Agreement  has been duly authorized by the appropriate body or official of all Parties hereto, each Party has complied with all the requirements of law, and each Party has full power and authority to comply with the terms and provisions of this Agreement.

SECTION 12. 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 Paiiies, as follows:

If to Contractor:

If to District:

With a copy to:

Faulkner Engineering Services, Inc. 2734 Causeway Center Drive Tampa, Florida 33619
Attn: David W. Faulkner

Towne Park Community Development District 12051 Corporate Boulevard
Orlando, Florida 32817 Attn: District Manager

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

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 Paiiy 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 fo1ih herein.

SECTION 13. ARM'S LENGTH TRANSACTION.  This  Agreement  has  been  negotiated fully between the District and the Contractor as an arm's length transaction. Both Paiiies participated fully in the preparation of this Agreement and received the advice of counsel. In the 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 14. 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,

5

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 District 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 15. 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 16. APPLICABLE LAW AND VENUE. This Agreement and the prov1S1ons contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida. Each Party consents that the venue for any litigation arising out of or related to this Agreement shall be in Polk County, Florida.

SECTION 17.	INDEMNIFICATION.

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

Contractor, its employees, agents and subcontractors shall defend, hold harmless and indemnify the District as well as its directors, officers, supervisors, staff, employees, representatives and agents against any and all claims, damages, liabilities, losses, costs, or harm of any kind including, but not limited to, reasonable attorneys' fees, to the extent caused by the acts or omissions of Contractor,  or other persons employed or utilized by Contractor in the performance of this Agreement up to the amount of one million dollars. By executing this Agreement, Contractor agrees such indemnification amount bears a reasonable commercial relationship to  the Agreement.

SECTION 18. 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 or law, 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 Immunity or by operation of law.

SECTION 19. LIENS AND CLAIMS. The Contractor  shall  promptly  and properly pay for all labor employed, materials purchased, and equipment hired by it to perform under this Agreement. The Contractor shall keep the District's property free from any materialmen's or

6

es	in  r esp   e c t  to s u ch	l ie ns	a n d c ] a jms,	'Wh ic h arise by reason
nder  th  si	Agr   e e m e n t ,   a n d	t h e	C o n tr a c t or  s h  a l t	i rn. rn  ed   ia t e yl
n	th  e   event ·that  th  e   C o n t ra c tor   d  o es	not	pay	or s   a tsi   fy	s u ch
n e ss	d ays	afte1·  the	fi l ing	of	no'tic e   th er   eo f',  the	Dsi   tric t,   in
ed ies	ava ila ble	u nd  er	this   .A.rgeen"'te  n  t ,	may	t e  n  n   i n  a  t e	t h  i s
eyl	upon theg  iving  of	n o ti c e  o f  t e n n  i n a t io n .

Agreements  hall  becor   n e   e f f e c t i v e   as	of	th.e  date  first  ab  o v e c o mp   le t io n	of·	the	S  er   v i c es	s e t	fo  r th		h er e i n	and	in	a ny
e ar  li er ,p	u t·s  u a  n t   to  S e c t io n   19	b e lo w .

ON.	The	D i5rtr i c t	s h a ll	h  a v e	th  e	dght		to		cancel	this a c t or  's  failuJ·c- top  er fbr n,. in accot·dance "vith	the	ter ms	of	th si
tt·actor   sh  a JJ   have  th  e r   igh  t   to	c a n c e l   th  si	Agreement  up  on
d	t o   the	D si   tr  ic t   a t  t h e   a d dr  ess	wr  i tt e n   aboves  tating	a faih.1. re

n c e  w ith	th e  t er ms	of th si

Agr   e e n:1e  n t .	Th e D si

t l"ic t's	li a b il iyt

th si	.A gi; e e m  e n ts  h  a ll  be	li m  i t ed	t o   payingf  or	th er e as o n ab le
alyl	inco rporated  into  the  Ser  vices  up  to  the  effective  date  of
of" materiasl   s   pecifical ly   fabr   ic a t ed	by	C o n tr a c tor	·f or	th  e
ce   o:f  cancellat i o  n	o  r	t er	m  i n  a t i o n	w  as	gjven,   though	not
r  easonably usab   le  e  ls e  wh   e r e,	Les s p	ay	.1n e n st	already 1n ad e to
ns  ofr  ecovery	for	c a n c e ll a t io n .

OF  D OCUMENTS  .	All dg h st	in and	t i t le to a llp  la ns   , d ra w i ng s,
e s igns,	s k e t c h es,	tn od e ls,	p r  ogr  a m s,	s  o f l w a 1:e ,	cr e a t io n , e  workp  i·od   u c t   or.ig.inally  developed   by  Contractorp  urs   uant
main   th  o s   o l e	a nd	exclusive   propet·ty   or   the	D isrt  ict   w hen
ork ·for  h ire.

ORDS.  Contractor  unders  tands  and agrees  that a lld  o c u m e nst	of
onnection  with  thsi	Contractor	Agr  eement  may	be  cons  id  ered
h	C hap te r	119,	F lorida	Statutes,	and	oth   er	F   lor  id a	la w,
o rn p yl	'With   a ll s u ch	laws,	and	cooperate   with th   e	O w n er	in

a b le  tit n ep  e ri ods	es t ab lsi

h  ed	u nd  er  F   lor  id  a la w,	a n d p r o v si

io n

r   e q u e s ts .	Contractor  shallp r    o 1:np tly	n o t i fy	th  e   O w  n e r  in	th e

r  eq	u es    t for	a ny	such  records.	To d, e e x te n t app l ic ab l,e
ida Statutes are  incor p   or  a ted	h e re in   by	thisr  efer   e n c e .

th e

QUESTIONS	REGARDING		TI-IE		APP LICATION	OF UTES,r- o  THE   CONTRACr	o  R  · s	DUTY   TO  P ROVIDE
TO   THIS   AGREEMENT,   CONTAc·r	THE   CUS TODIAN' G @ F lS l-l K.IN D - C O M OR	(407) 382-3256.

V .	The	in v a li d iyt	o-i·  unenforceabi ltiy	o.f	any	o n e	Ol"	m or e
l	not	a-ft ect	th e   validity   or	enfor  ceab ility   o:f the r   e rn a in ing

7

portions of this Agreement, or any part of this Agreement not held to be invalid or  unenforceable.

SECTION 25. 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 26. 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.

[Remainder of page left intentionally blank.]

8

Partiesh ereto have signed this Construction  Materiasl t written above.

TOWNE PARK COMMUNITY

Testing

D EVELOPME:,;. 	'i

FAULKNER ENGINEERING SERVICES, INC.

Print Name:·-  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -
Title:	 	

dated May 18, 2018

9

EXHIBIT A

GEOTECHNICAL ENGINEERING
&CONSTRUCTION MATERIALS TES TING

ng Corporation

Materials Testing Services BDIVISION PHASE 2B
7

nc.    (FES)  appreciates  the  opp  ortunity  to  provide  this  proposal  for s on the re fe r e n c ed p r o je c t . Within this proposal we have provided scope of services anticipated and our cost estimate of the applicable

PROJECT INFORMATION

ase 2B Is a 130 -lotproposed subdivision within the existing Town Park st Pipkin Road in City of L akeland. The building pads will receive
l. 79g testing and reporting Is requested.

,600 linear feet of roadway and utility installation (storm, sanitary, lrft vement section consists primarily of stabilized subgrade overlain with er of asphaltlc concrete with an alternatlve option using soil cement

quired for roadway and utility installation in accordance with City of rawings provided by HamiltonE ngineering dated March 17, 2016, we of services anUcipated for testing (Exhibit A) and the applicable cost

FEE ESTIMATE
terials testing discussed In the Scope of Services (Exhibit A) for an

$27,600.00	J
nt unless the scope of work is increased, and only then with your prior e (Exhibit B) describes the costs for the various services required.

27.l4 Causc:w n., •  Centc-r D.-h·c:-  .,.  n ,n p a .  FL     33619
Phone::8  13-6  2 1-8  168	f"a,c: 81:)-621-82.32.

10

Proposal ror Construction Materials Testing S ervices Towne Par1< EstatesS ubdivision Phase 2B
FES Proposal No.: P 18-59 37
May	18, 2018

RESPONSIBILITIES
n the types of inspection being performed and will perform the specifications and applicable standards of the industry inF lorida. We ou or your subcontractors in the performance of your work or to contract. We will bring to your attention any test results that indicate ments. Much of the testing is performed on a random basis and is verall work product.	The contractor is ultimately responsible for with  the  construction d ocuments.	Also, our firm accepts no is the sole responsibili ty of the contractor, but will abide by job site

ACKNOWLEDGMENT
o submit this proposal. We look forward to working with you as a ase contact us if you wish to discuss any aspect of this proposalor if y capacity. If you find our proposal acceptable, we ask that you ptance Sheet and return It to this office.

c.

Sheet

11

L::f!JH!l!l!l!!!

2734 Causeway Center Drive Tamps, Florida 33619
Phone (813) 621-8168/Fax: (813) 621-8232
PROPOSAL ACCEPTANCE FORM

Description of Services	Proposal for Construction Materials Testing Services
Project Name	Towne Park Estates Phase 2B
Project Location Cjty of Lakeland. Florida
Proposal Number & Date FES No. P17-5239 / May 18. 2018
Location of Offica Performing Services 2734 Causeway Center Drive. Tampa. FL 33619

FOR PAYMENT OF CHARGES:
Charge Invoice to the Account of:
Firm  	

Address 		City		State  	  ZiCode  	 Phone Number  	 Attention 		Title  		 
FOR APPROVAL OF CHARGES:
If the invoice is to be mailed for approval to someone other than the account charged, please indicate where to mall the invoice in the spaca below:
Firm  	

Address. 	City  	

State  	  ZiCode  	   Phone Number  	 Attention 		Title  	 

PROPERTY OWNER IDENTIFICATION (If Different than the Above):
Firm		 Address. 	City  	 

State  	  ZiCode  	  Attention  		

Phone Number 	_ Title  		

SPECIAL INSTRUCTIONS: 	

PAYMENT TERMS:
Compensation will be in accordance with the proposal referenced above. Invoices will be Issued monthly. Client agrees to pay all charges not in dispute within 30 days of receipt of invoice and recognizes that charges not paid within 30 days are subject to a late payment charge of
1.5 percent of the balance due for each additional month or fracUon thereof that undisputed charges remain unpaid. Charges held in dispute will be called to the attention of FES within 10 days of receipt of Invoice. Client agrees to pay cost of collection, including reasonable attorney's fees, if invoices are collected by law or through an attorney. Client further agrees that FES has the right to suspend or terminate service if undisputed charges are not paid within 45 days of receipt of FES Invoice and agrees to waive any claim against FES and to indemnify, defend and hold FES harmless from and against any claims arising from FES' suspension or termination due to Client's failure to provide timely payment.

PROPOSAL ACCEPTANCE:
The Terms and Conditions of this Proposal, including the Terms on this page and the reverse hereof are:

Accepted this 	day of 	2018

Print or type Individual, firm or corporate body name

Slgnatu,e of authorized representative

Print or type name of authorized representative end tiUe

12

TERMS AND CONDITIONS

STANDARD OF CARE
Client recogniud that subsurf.ace conditions may vary from those obstn.'?d at locations where borings, surveys.. or explorations are made, and that site conditions may change with time. Oat,., interpretations, and recommcndatioru by l=ES will be based solely on inronnation qvailable lo FES. FES is re.sponsiblc- for thou dala, interpretations. and rccommcndatt0M, bu1 will not be rcsporuible for other panics' Interpretations or use orthe data.
RISK ALLOCATION
Many rb;ks potentially aITccl FES by vinue of entering into this Agreement to pcrfonn profe ional cngim:cring servicu on behalf of Client  The principal risk  is the potential for human ertor by FF.S. For Client to obJain the benefit of a fee which iodudes a nominal allowance for dcalinr with FES*.s liability Client agr«s to limit FE.S's liability to Client and to nil other panics for clnims arising out of FES's  pcrformnl\C'e  or  the services described  in the  Agreement.   The aggregate l bility or FES wiU nol exceed the atnount or our ree, ror negligent  professional acts, erron. or ominions. Clknl agrees to indemnify  and  ho  harmless  FES  from and agai t all liabilities in excess or the monetary limit established above.
Umitations on liability and Indemnities in this Agn:cment an: bu:sine:s5 understandings between the parties voluntarily and knowingly entered into,  and shall apply lo all theories or recovery including. but not limi to,  brtach  or contract. warranty, Ion (including negligcnc:e), strict or statutory liability, or any other cause or action. e1,cept for willrul misconduct or gross  negligence.  1be parties also agree that Client wUI not seek damages in e ccss or the limitations indirectly through suits with other parties who may join FES as a thisd party derendant. Parties mun Client and FES and their nfficen, emplo)-ees, agents, affiliates and subcontraclon.
Both Client anJ FES agm: that they wiU not be Ii.able to each other, under any
circunutancr:s, for special, lndirccl, conscquenlial, or punith·c damages arising out or related to this Agreement.
DISPUTE RESOLUTION COSTS
Should third-party  dl!putc resolution be required  through  litigalion. arbitration, or an altcmath-e dispute resolution inc.thod, the nonp1evaili.ng party shall reimbunc lhc prevailing party for the prevailing pany•s documented legal cosls in addition to whatever judgement or sertl.ement sums may be du!,:', Such co,ts shall include reasonable attorney's recs, coun costs, consultant and e:tpert  witness  rces,  and other documented expe:nsc5 as well a1 the value or time spent by the prevailing party and its emptoyce1 lo research the ls.sues, discllll the matter with nnomcy, etc. Insofar as FES is concerned. the value or time spent shall be based upon FES's prevailing fee schedule.
SITE ACCESS AND SITE CONDITIONS
Client will grant or obtain rrcc: access to the site for all equipment and penonncl nccc..ss.ary for FES to perform the work sci forth in this Agreement. Client will notiry any and all possessors or the project site that Client has granted FES rn:e access lo the site. FES will take r·u..sonable precautions to mini1Di:ze damage to the­ sitc, but it is und,rstood by Client that, in the nonnat course of work, some damage may occur and the corrtetion or such damage is not p;lrt or this Agreement  unlcS5 so ipecificd in the Proposal.
Client is responsible for accurately providing the locations or all subterranean
structurer.  ond  ulililies  and  wetland  sensith1c  areas.    FES  will  t.al.:c  reasonable precautions to avoid known i.ubtcrranean stn.tcturcs and wetland sensitive areas. Client waives ony claim against FF.S, nnd ag1'ccs to defend, indemnify, and hold FES harmless from any claim or liability for injury or lo!.5, itl(luding costs or dcrensc, ariling from damage done to subtcmnean .stru:turcs and  utilities  and, unles.s FES has been contracled to delineate wetland areas on the site. to wetland sensitive areas not identified or accurately located. In addition, Cl nt agrees to c-ompcnsate FES for any llme spenl or expenses incumd in dercnse or any such claim, with compensation to be based upon FF.S's prewiling rec schedule and expense relmburscmcnt policy.
SAFETY
Should our company provide obscrv2tions or monitoring services al the job site during construction, Client agrees lhaL, in accordance with the generally accepted construction practice, lhe contractor will be solely and completely responsible ror working conditions on the job site, including sarcry or all persons and  property during the pufonnance ofthc- work and compliance with OSHA regulations. These requiremcnu will apply continuously and will not be limited to  nonnal  working hours. Any monitoring or the contractor's procedurts  conducted  by our company does not include review or the adequacy or the contractor's safety me.a..sure3 in. on. adjacent to, or near the constn1ction site.
MONITORING
If FES is retained by Client to provide a site representative for the pwpose or monitoring speciOc portions of construction work or oth« field activities a:s set forth in the Proposal, then this phrase applied. FD< the specified ,wigrunen FES will rcpon observations and prores.slonal opinions to Client. No action or FES or FES's site repres-cnt.ath·c can be construed as altering any Agreement between Client and olhen.  FES will  report to Client any  observed gcotcchnk:ally reb.ted  work  which. in FES's proru.sional  opinion, dOC"s not conform  with  plans and specifications. 1be FES rcprcsenllltive has no right to rej t or stop work or any agent or the Clicnl. Such rights are re!-C'rv«I 10lely for Client Furthermore. FES's pres-cn-ce on site docs not in any way guarantee the completion or quality or 1hc performance orthc work or any party retained by Clienl lo provide fic:W or i;orutruc1ion4    rcla1cd servicc.s.

FES will not be rcspoMiblc ror and will not have control or charge or specific means, methods, techniquu, sequences. or pnxedures or construction or other field activities sel«tcd by an agent orthe Client.
SAMPLING OR TEST LOCATION
Unless otherwise stated, the recs in this proposal do not include costs a.ssoci.atcd with surveying or the site for the accurate horizontal and vertical locations or tc.5l5. Field tests or boring locations described i.n a reporl or shown on sketches arc based upon information furnished by others or estimates made. in the field by our rcpresenlali\-e. Such dimensions, depths, or elevations should be co1uiden:d a.s approximatio,u unless olhcrwi!c slated, Ir the client spe-tific5 the test or boring location, we n:Scf't-e the right to deviate a rea1onabte distance rrom the toi:ation specified.
SAMPLE DISPOSAL
Unless 01hcrwise required, test specimeru or samp1e.s will be disposed or immediately upon completion or tens. and other drilling samples or specimens will be disposed or 60 days 1Rcr submission or ow report Upon  wriuen  tequesi.  we will retain test specimens or drilling samples for a mutua11y accept.Bble storage charge and period of time.
9, DISCOVERY OF UNANTICIPATED HAZARDOUS MATERIALS
Client reprc.scnts that Client has 1nade a reMOnablc effort to e\--aluate ifhaunlous materials arc on ur near the project lihc-, and that Client has infonned FES or Clien1•s findings n:lati\,: to the possible presence or such materials.
llaz.ardou5 materials may exist at a site where there is no reason to believe they could or should be presenL FES and Client agree that the  discovery  or unanticipated hazardous materials constitutes a changed condition ma.ndati.ng a 1er.cgotia1ion of the sc-opc or work or tcrminalion or services. FES ond Client abo agm; that the discovery or un1nlicip-itcd haurdous materials  may  make  it necessary for FES ro talce immediate measures to protect health and safety. Client agrees to compensate FES for any equipment dc.contaminaUon or other cosu incident to the di v-cry ofunanticipated hazardous 11U1tcri.ab.
FES agrees to notiry Client when unanlicipated hazardous materials or suspetted hllanfous materials arc encountcml. Client  agrcc-s  to  make  any  dis,losu required by law to the appropriate governing agencies. Client also agrees lo hold FES hann1ess for any and all consequences ordiEclosun:s made by FES which are required by governing law. In the even! the project site is not owned by Client, Client recognizes that it is Client's responsibility to Lnrorm 111¢ property owner or the discovery or unanticipated haz.ardow m.atcriab or suspected  hazardous n,atcrials.
Notwhhstanding any other provision or the Agn:cmenl, Client waives any claim against FES and, to lhe maximum otcnt permitted by law, agrees to dcrcnd, indemnify and la\lC FES hannle,:.s from any claim, Jllbility, and/or dercnse costs for injlJI')' or loss a.rising rrom FES's discovery or unanticipated ba.zardow materials or suspected hazardous materials, induding. but not Hmiti;-d to, any costs created by delay or the project and any cost associated with possible reduction or lhe property's value,
TERMINATION
This. Agreement may be terminated by either party sc,,.cn (7) days after written notice in the event ofany breach ohny provision ofthiJ Agreement  or  in the event or substantial failure or perronnance by the olhcr pany, or ir Client suspends the work for more than three (J) monlh.s. In the c:\-'cnt ortennination, FF.Swill be paid for services perfonncd prior LO the date or tennination plus reasonable terminalion e1tperues, including, but not lintit«I to, the co.st or completing analyses, re-corcb, and reports neccs.sary to document job status at lhe time or termination.
OWNERSHIP  OF DOCUMENTS
All documents including, but not limited to, drawings, specifications, reports, boring logs, field notes, labonttory lest data, calculations, and estimates prepared by our firm as instruments or nrvice pwsuant lo I.his Agreement shall be the sole prop<ny or FES. Clienl agt«S thal all documents or any nature fumi.<hed to Client or Client's agents or dcsignces, ir not paid for, will be returned upon demand and will Mt be used by Client ror any purpose whatsoever. Client further agrees that under no circumstances shall any document prodU('.ed by our finn, punu.ant to this Agr«1nent, be wed at any location or for any project not e.xprusly provided for in this Agreement without our written pcnnWton. Al the request and upensc of Clienl, we will prov-ide Client with copies of documents created in the perfonnance or this work for a period not exceeding five )"'an following submission of the repon or reports contemplated by this Agreement.
GOVERNING LAW AND SURVIVAL
The \'alidity, interpretation. and pcrfonnance or thiJ AgR-ement shall  be governed by the b.w or the St.ate in which the FES office, identified  as "Consult.ant" on the Proposal Acceptance Sheet for this projcc1., is located. In addition. FES and Client agree to submil to the personal and e:r..c1usivejurisdiction and  venue or said Stale. with  rc.sp«t  lo .1my clainu which  m.ay arise  under thU.
Agrt"Cment.  tr any or the provisions contained in this Agreement are held illegal,
invalid. or unenrornablc, the cnron:eabllity or the n:mo1lnlng provlSions will not be
impaired. LimitatioDS or liability and indemnities wilt survive termination or this Agreement for any cause.

13

EXHIBIT"A"

Proposal for Construction Materials Testing Services Towne Park Estates Subdivision Phase 28
FES Proposal No.:  P18-5937
May 18, 2018

SCOPE OF SERVICES
Construction Materials Inspection and Testing Services
The minimum construction materials inspection and testing services required include the following items. All services including professional services, field sampling, standby time and overtime should be included in the testing services described below.
Buifdlng Pad Testing
Perform stripped subgrade observations and compaction control testing during building pad construction. Perform a minimum of one (1) field density for one foot of fill placed. Observations and testing will be performed in accordance with project specifications. A Modified Proctor (ASTM D-1557) will be required to determine the moisture-density relationship of existing soils or imported fill.

II	Utility Installation Backfill Testing
Perform compaction control testing during backfill of all utility pipelines and associated structures and crossings. The testing will be performed in accordance with specifications for utility construction. Laboratory proctors, either Modified Proctor (AASHTO T 180) or Standard (AASHTO T 99), will be required to determine the moisture-density relationship of existing soils or imported fill. Prepare and distribute to the appropriate parties all test results.

Ill

Roadway Construction Testing
Perform stripped subgrade inspection and compaction control testing during roadway construction. Stabilized subgrade will require Limerock Bearing Ratio (LBR) testing at intervals indicated in the project or City of Lakeland specifications. Curb pad will require LBR40 material. Base will be sampled for limerock bearing ratio and gradation. Our technician will measure the in-place thickness of the base material after coring.

Pavement cores will be obtained for thickness and density determinationsin accordance with the project or City of Lakeland specifications for the project. Asphaltic concrete will be sampled daily if required for Extraction, Gradation analysis. Concrete will be sampled and tested in accordance with City of Lakeland requirements.

Project Management
Prepare and distribute to the appropriate parties all test results. A final package, signed and sealed, will be provided for submittal to City of Lakeland at the completion of the testing program.

79g Testing Services
F.H.A. Data Sheet 79g requires confirmation of a minimum bearing pressure for engineered fill. We will perform Standard Penetration Testing (SPT) borings at a frequency of one SPT per seven lots. Density tests for compaction of engineered fill will be performed during placement (A-1). We will provide a signed and sealed report summarizing 79g testing activities, after completion of the engineered fill placement.

Other
Report review is included in the attached fee schedule (Exhibit B). Engineering consultation will be billed at the rate of $100.00 per hour. Standby Time is considered time in excess of one hour per set of cylinders and/or one hour per five field density tests and will be billed on a time and expense basis at the rate of $30.00 per hour. Field or Laboratory work required over 8 hours per day, and before 7:00 AM and after 5:00 P.M. Weekends or holidays will be charged at 1.5 times the standard rate. Hourly charges are based on portal-to-portal time.

14

£JI( HlDl'J" ""G• •
ON •T PRICE SCHEOULE
TOYW'N PARK ESTATES SUBDIVJ-S10H PHASE 20
Ct'ly o f LAkei.no.FL
Fe.s PropoaaJ No.: Pl 8-·51>3·7

Favl..,no_,. i=n,g;,,,e,onng S-crvlco·•• rno.
61 t 8.110

, _qs		P'1ce	AmotJfll

ES TING

 	  t	.t µ-i2 ,  	    	

-	$80.   00

s o.	oo- -

conjune1i0f" Y.lith other leslsJ

$45.00	sa60-:.o-::co.=..
s.16.00   r	s5.2Cio.oo
4	 		$  30 . 00	$120 00

&-i-S:Tl-tC-O--  ---

S S ,68 8 .8 8

   T----ES-T-- I..·-G	-   -   -   -   -   -   -	...,.--	_   ,          	     .            _	J	 	
_	_ _ _	I	1	EA	$ 80.    00	I	_
---	-   j	.    -=- -	----:=--c--    r	---	  )	--  -=-=--=-=-=--
 		-	 	    i	245    _	I	EA  	,	$  16  . 00     		S  3.     92 0  .0 0  	I

I

-

_

_

174	EA j	$16.00	1-	$  2,  7  84  . 0_0
74	EA	S16.00	$,11  84.   0 0

L!!,R I	S3 0  . 0  0	-	$3<0i  .0 0-    -

  	 	----=-- -	   	  	 	 	

g)

J	12

S S 3,

: TESTING TOTAL	_	i== 1- -	-

-=-r=

.28   0.   0

 I	 	

ING	--	 -_, r	_	I

I

e    t .  and     R o a d        y---=-	.	4 0	•     _§A_  -:-     s  1s   .=oo-    -    !- -_   -_ -  -  -S6- '10,-0. 0

b1HzedS  ubg rad  o	_ ·-	!	9	S35._Qq

$315.00	I

n9l

8	HR	S3                     0               .       00	S2	40	, 00

  	--=-	,---- -- 	-	  _  __
---	--	_	-
o	----	---,-- - -	EA	$  180 .0 0	! 00
_	_	-  -  -  -  -  -	--->-	L     EA       J_  $ 16  .0  0 	S  19  2  .0 0 

-,-

_	_ _

_ _ _

_	;	12 

_	$ 30 .00	I	S3GO oo

) _

_

_

_

_	H R	$ 3 0  .fOf  O	•	$ 120  . 00

=-===-

=-

------

--	4	EA	.0  0	•	$5 2 0 .0 0

nslly

5	--.:iR°!	S3  0 . 00	-	$ 1 50 . 00

_

 		I	    		 	

12	EA	I	$  16   . 00	_	$ 19 2 .0 0
12			,S30  .0 0		$360.00 g)	-  -- :	.,....- -   -   -  -   -	- -    - 3   -	_   HfL	$ 3 0  00	•	$ 9 0 00

l i r,d  e rs   ( ,; e l of  41	.!!_	SET

$7  0   . 00 _	,	$ 5 60 . 00

 		I	- . ,	.

-     1	---	-    	

    )	-	_	4	•	HR . 1

S30.00 j

$ 1 20 .0 0 

-N=G-T-=T=A=L 	  I 	

- - - -	-;	$11,478.00

R'  c e o tU   anc:JP  a      !!S  O	 	

S ,1 6 13 .0 0 

_$    1  ,6    1 3    .0    0

-­	 	

ss.eao.oo

 - - - ­ 	 	

SB,328.00

=.  ==

-=:J_ +-59

""s&4.  79.00
$  1 ,6 13  .0 0

       G TOTAL

15

Towne Park Community Development District

Fiscal Year 2016-2017 Audited Financial Statement

wne Park Community evelopment District
FINANCIAL STATEMENTS

September 30, 2017

 	

Towne Park Community Development Dist rict
Table of Contents September 30_, 2017

1

(r eq uir ed supp lem ent al info r m at io n)	3

n t s

8

g

d s	10

of   G o v e r n m  e n t a l  F u  nd s to	th e St a t e m e n t
11

r e s a nd	C h a ng e s in Fund Balances -
12

Revenues, Expendit ures and Changes in
nds to the S t at ement of Activities	13
14
ther than MD&A)
le - General Fund	22
nal Contr ol Over Financial Reporting and on on an Audit of  Financial St at ement sPerf or  med
ing St:andards	23
25
Section 218 .415  Florida St at ut es 	27

Car r. Rig g s & I n g r am . L LC
Cert ifi ed P ubll c Ac c ount ants
500 Gr an d B oul ev ar d Sui t e 2 10
M ir a m a r B ea ch , Fl or id a 3 25 5 0

(8 5 0 ) 8 3 7- 3 1 4 1
( 8 5 0 ) 6 5 4 - 46 19 ( f a x)
CRlc p a .co m

t District

n a n c i a l s t a t e m e n t s of  t h eg o v e r n m e n t a l a c t i v i t i e s and	e a c h major lopment  Dist rict  (hereinaft er	referred to as" Dist rictu), asof and 017,  and the  relat ed not es to  the  financial  st at ement s_,  w   h  i c  h
s i c fi n a n c i a l st a t e m e n ts as li s t e d in  t h e table of cont ent s.

Financial S-tatements

ep  a r a t i o n a nd	fair  presentation  of  t hese  financial  st at ements in s g e n e r a ll y a c c e p t ed  in the	United States of  America;  t his includes t e n a n c e of i n t e r n a l c o n t r o l r e l e v a n t t o the p r e p a r a t i o n a nd f a i r
at a r e f r e e f r o m m a t er i a l m iss t a t e m e n t , 'INhether due to f raud or

n 1o  n  s    on      these   fi nancial   st at ements   based   on   our     a ud  i t .   W  e th auditing st and ardsg e n e r a lly accepted in the  United States of to fi nancial aud its cont ained in Govern ment Auditing Stand ard s, f  the  Unit ed  S t at e s .  Th  o s e   s t a n d a rd  s r   e q u i r e   t h at   '\Ne  plan  and e a s su r a n c e about wheth e r the fi n a n c i a l st a t e m e n t s a r e f r e e f r o m

e s t o o b t a i n  a ud  i t  e v i d e n c e  about the amount sand disclosuresin u r e s s e l e ct ed depend on th e audit ors' judgment, including t he s st a t e m e n t  of   the    fi  n a n c i a l s t a t e m  e n t s,  w  h e t h er   due    to   fraud  or
t s, t he audit or    c o n s id  e r s  i n t e r n a l  c o n t r o l  r e l e v a n t  to    th  e  e n t i ty J  s
h  e   fi  n  a  n  c  i a  l  s t a  t e  m   e  n  t  s   i n   order to  desgi   n  a ud  i t p   r o c e d ur  e s  th  a t
s,	but		not	for	t h e  p  u r p o s e	of	e xp    r e ssi ng	an	o p i n i o n	on	the c o n t r o l. A c c o r d i ng   ly ,  we	e x pr e s s n o s u c h  o p i n i o n . A n  a u d it  a l s o n e s s	o f		a c c o u n t i ng	p  o l i c i e s u s e d	and	the	r e a so n ab l e n e ss		o f
by	m a n ag e m e n t , as  '\N e ll as  e v a l u a t i ng   the	o  v e r a ll   presentation of

eh  a v e  obtained is suff icient  and appropriat e to  provide a basisfor

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, 2017, 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 of financial 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 1, 2018, 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 not to 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.
e	1<	.i	J 1...1..c..
CARR, RIGGS & INGRAM, LLC

Miramar Beach, Florida June 1, 2018

-  2 -

nt's Discussion And Analysis

Towne Park Community Development District Management's Discussion and Analysis

ne Park Community Development District's financial performance fi n a n c i a l activities for the f iscal year ended September 30; 2017. District's financial st at ement s, which begin on page 8.

FINANCIAL HIGHLIGHTS

bilities of the District exceed its assets by approximately $135,000

eptemb er    30,    2017, t he Distr  ict incurred approximately $146,000
utstanding long-t erm bonds.

September 30, 2017, the Distr i c t e s t ab l ish e d i n fr a s t r u c t u 1· e of

S I N G THE ANNUAL REPORT

of financial  statements. The St atement	of	Net	Position and t he provide information about the activities of the Distr i ct as a \N h o l e e  Dist rict' s finances.  Fund financial statement s st art  on  pag  e  10. ement s tell howthese services \Nere fi nanced in the short - term as ng. Fund fi nancial statements alsor e p o rt the		D is t r i ct ' s operations i d e statements bypr o v i d i ng information about the District's n'lost

e  beg   i n s  on    page 4.  One  of  t he  most import ant  questions  asked Dist rict asa \Nhole bette1· off  or  \Norse off  as a result  of  t he year's t:ion and theS t a t e m e n t of A ct i v i t i e s report information about the i t i e s in a \Nay that helps ans\Ner t hisq uestion. These st at ements he  accr  u a l basis of  account ing,    \Nhich is sim ilar to   the  accounting es. All of the curr   e nt   year's revenues and expenses are taken int o ceived or paid.

ict's net position andr   e l a t ed   ch  a ng  e s during the cur   r e n t  year. You n - the difference bet\Neen assets and liabilit ies -  as one \Nay  to h, or	fi n a n c i a l p o s i t i o n . Over time, increases or decreases in the of \Nhether its f inancial h e a l t h is i mp r o v i n g or	deteriorating. You ial factors; however, such aschanges in the District's assessment 's infrastructure, to  assess the   over   a ll  h  e a l t h  of   the	D i s t r i c t.

-  3  -

To\Nne P ark   Comm unity	Development  District M anagement' s Discussion and Analysis

ant Funds

ds begins onp  ag   e  S.  The	fund financial statementsb eg   i n  on   page
out  the  most sgi   n if i c a n t  funds -   not the  Distr  i c t  as  a  whole. Some
State law and by bond covenant s. All of the District's funds are

he District's basic services are reported in government al funds, NS into and out of those funds and the b alances left aty e ar - e n d
. T h e g o v er n m e n t a l fund st atement s provide a detailed short ­
eralg overnment operations and the b asic services it provides. nh elps you determine \Nhetherthere are more or fe\Ner fi nancial the  near    f u t u r e  to    fi n a n c e  the     D ist r i c t'  s  p r o gr   a m  s.

HE DISTRICT AS A \NHOLE

sed St atement  of Net  Position and is comp  ar   e d  to   the  p   r i o r  year.

2017	2016	Change

$	289,978	$	2,056,118	$	(1,766,140)	
21701,239	855,069	1,  84  6,170	

sources

$	2,991,217	$	2,911,187	$	80,030

$	70,082	$	221,200	$	(151,118)
3,056,660	3,037,041	19,619
3,126  ,7 4  2	3,25?_,241	(13  1,499  )

-	 	4,820		(4,820) 

 	
(57,445)	(396,962)	339,517	
(5,03 9 )	169,509	{174,548)	
(73,04  1)	(124,421)	51,380	
(135,525}	(351,874)	216,349	

esources and
 	$		2,991,217	$	2,911,187	$	80,030

e  accomp  anyihg	Statement  of  Net P  o s i t i o n .

- 4	-

To\Nne Parl< Community Development District Management's Discussion and Analysis

e r   30,	2017,  total  assets  increased  by  app  roxirnat eyl	$80,000,
o x i m a t e ly $ 1 31,  0 0 0 . The	n e t in c r e a s e in assets is primarily due to rease in liabilit ies isd ue payment on outstanding constr u c t i o n

Statement of  Act ivities for  the  cur r  e n t   and	previous fiscal year.

 	2017			2016		_Ch	a  ng	_e

$	118,723	$	-	$	118,723	
3 1 9,17 2	46,	34 8	272,824	

-	3	(3  )

437,895	46,351	3 9 1 ,5 4 4

50,985	56,797	(5,812)
-	220, 921	(220,921 )

160,949	49,541	1 1.1,408		
221,546	327,259	(105,713)		
21 6,3 4 9	(2 8 0, 9 0 8 )	497,257		
(3 5 1 ,8 7 4 )	(7 0 ,9 6 6 }	(280,908)		
$	(135,525)	$	{35 1 ,874  )	$	216,349		

9,612	-	9 ,612

e accompanying	St a t e m  e n t  of   A c t i v i t i e s .

ear \Nhile  exp  ensesd ecreased  over  prior year  by approximat eyl The increase in  revenues is pr  i m a r i ly  due	to	a n  i n c r e a s e  i n  funding d cap ital expendit ur   e s  of   t h e  D i s tr  i c t . The		d e c r e a s e  in   e x p e n s e s  i s
rring any bond issuance related costs  in  th e  current  year. The e in net i:=io s i t i o n f o r fi s c a l year 2017 .

THE DISTRICT'S FU NDS

g   o v e r n m  e n t a l f u nd  s  ( a sp   r e s e n t e d  i n  t h e  balance sh eet  onp  ag   e
e of approximateyl	$265,000, vvhich is a decrease from last year'  s
nificant	tr  a n s a ct i o n s  are	discussed b elo\_N

-5-

Towne Park Community Development District Management's Discussion and Analysis

eptember 30,  2017, the Dist rict  incurr   e d  a pp  r o x i m a t e ly  $ 1 4  6,  0 0 0
t st a n d i ng	l o ng - t e r m b o nd s .

ber 30,  2017, the District  incurred cap  it al outlayof approximat ely ion of inf rast ruct ure.

SSET AND DEBT ADMINISTRATION

ad approximately $2.7 million invest ed in capit al assets (under a net incr   e a s e  of   ap  p r o x i m  a t e l y  $1.8 million f rom fiscal year  2016

2017	2016	Change	

$	2,70 ,1 23 9	
$	8S!:>,069	
$	1 ,84 6, 17 0	

$	2,701,239	
$	855,069	
$	1.,46,   170	

capit al assets isp  r e s e n t ed	in  N o t e 4to	the	fi n a n c i a l s t a t e m e n t s .

ad approximat eyl	$3.0 million of bonds out st anding.

f o r the	c u r r e n t and p r i o r year is as follo\Ns:

2017	2016		Change	

$	2,960,000	
$	2.,960,000	
$		
77,041	77,041			

$	3,037,041	
$	3,037,041	
$		

long  - t e r m   debt isp resent ed in NoteS   to   th  e  financial statement s.

- 6 -

Towne Park Community Development District M anagement 's Discussion and Analysis

TAL FUNDS BU DGETARY HIGHLIGHTS

ed	by the g  o v e r n i n g	board  for  t he  District   pursuant   to   the b u d g et  to	a c t u a l c o m p a r i s o n for	t h e g e n er a l fund, including the
e t , is s h o \Nn at page 22.

variance in revenues and favorable variance in expenditures as of$147,474  and $149,403, resp  ect ively. Th  e  variances occurr  ed  d  operating	e xp  e nd  i t u r e s,   i n cl u d i ng	c e rt  a i n   maintenance  and
not  incur r   e d  during the year and t he relat ed impact  on Develop  er

UTURE FINANCIAL FACTORS

District is an indep  endent  special district that operates under the u t e s . T h e D i s t r i c t o p e r a t e s u n d er an e l e c t ed Board ofS u p e rv i s o r s, essment rates. Developer cont ribut ion and off -roll assessment shed  to p  rovid e for   the  operat ions of  th e  District as \Nell  as th e

HE DISTRICT'S FINANCIAL MANAGEMENT

ovide ag  eneral overvie\Nof the  Distr   i c t ' s  fi n a n c e s. If  you	h a v e d	ad  d i t i o n a l	f i n a n c i a l	i n f or  m a t i o n ,	c o n t a c t	the	T o vv n e		Park anag  ement  comp  any   at 1 2 0 5 1   Corporate  Blvd, Orlando,  Florida,

- 7 -

Financial Statements

Towne Park Community Development District
Statement of Net Position

2017

Governmental Activities

$	263,   907
23,283
2 ,788
2,701,239

2,9 9 '.1._,2  1 7 

2 5   ,0 82
64,619

77 ,041
45,000
2,915,000

3,126, 7 4 2

(5  7, 4  4 5 )

(5,039)
( 73,    0  4  1 )

$	(1 3 5,  5  2 5  )

s are an integral part of th e s e financial state rne nts.
-8-

Towne Park Community Development District
Statement of Activities

2017

Program Revenues

Net	(E  xp   e n s e ) Revenue and Changes  in Net Position

Charges for

Oper at ing Gr  ant s and

Cap it al
Grant s and	Governmental

ses

Services

Cont ribut ions Cont ribut ions	Activities

985)	$	-	$	297,660	$	-	$	246 ,6 7 5
1 2  )	-	2 0  ,3 0 4	-	10,692
949  )    	118,   723		34-6		862		{41 ,018  )

54 6 )	$	118,723	$	318,310	$	862	2 16  ,3 4 9

in	n e t p  o s i t i o n	216,349

ition  (deficit) -  beginning   of  year		(351,874)

ition (deficit} - end ofy   e a r	$	(135,525)

s are an inte gral part of these financial st:a t:e rn e n t s .
- 9 -

T o vv n e Park Community Development District Balance Sheet -	Government al Fu nd s

 	2017	
Tota
Cap ital	Government al
 General	Debt   Service	Project s	Fund s

4,089	$	257,386	$	2,432	$	263,907
7,951	-	15,332	23,283
2,788	-	-	2,788
 	14,828	$	25?,386   $	17,764	$		289,978	

10,738	$	-	$	14,344	$	25,082
 	10,738		-	14,344 	25,082	

2,788	-	-	2,788
-	257,	386	-	257,386

1 ,302	-	-	1,302	
4,090	257,386	3 ,420	264,896	

-	-	3,420	3,420

14,  828	$	257,386	$	17  ,764	$	289,978

s are on integral port of these financial statements.
- 10 -

Tow ne  Park Community  Development  Dist r  i c t Sh  e e t of	G o v er  n m e n t a l F u nd s to	the	S t a t e m e n t s of
Net	Position

2017

und s	$	264,896

activities are not fi nancial resources
e fund level st atement s.	2,701,239
as a liability  on the Statement of	Net f inancing	sources	on    the	fund   level
(77,041 )

current r esources, includ ing accrued

d level st a:te x n e n"""-"-t=cs:.·--	- - - - - - - - - - -

( 3 ,0 2 4, 6 1 9 )

 e n t a l a c t i v i t i e s 

$	( 13 5, 52 5 )

s are an integral part aft:hesefinancial staternent:s.
- 11 -

Tow ne P ar  k  Co mm unit y	D e v e l op   m  e n t   D  i s tr   i ct u e s, E xp   e nd  i t u r e s a nd	Ch  a ng e s in	Fund Balance s -
Government al Funds

 	2017	
	Tota	

General	Debt
Service	Capital
Projects	Government al
Funds	

$	62,526	$	-	$	255,438	$	317,964
-	118,723	-	1 1 8 ,7 2 3
-	346	862	1  ,2 0 8
 	62,526		119,069 	256,300	43 7 ,8 9 5	

50,985	-	-	50,985
9,612	-	,_	9 ,61 2
-	1 4 5 ,87 1	-	145,871
-	-	1,846,170	1,846,170
60,597    	   1 4  5  ,8 7   1  	1,846,170    	   2 ,05 ,26 38

1,929	(26,802)	(1,589,  870 )	(1,   61 4,  7 4 3   )

,_	1 0  ,6 8 7	-	1 0 ,6 8 7
	,_	-	(10,687)	 	(10  , 687  )	
e s )	-	10,687	{10,687)	
	1,929	(16 ,11  5 )	( 1, 60 0,	55 7 )	(1,614,743)	
	2,161	273,501	1,603,977	1,879,639	
 	$	4,090	$	257,386	$		3 ,420	$		2 64,89  6	

s are an Integral part: of these financial state rne nts.
- 12 -

Towne Park Community Development District nt of Revenues, Expenditures and Changes in Fund Governmental Funds to the Statement of Activities

2017

m en t al f u nd s

$	(1,614,  743  )

ur  e s in  the	g o v e r n m e n t funds, is shovvn

1,846 ,170

Net    P  o s i t i o n .

etvveen  t he curr ent	and	prior y ear is tivit ies  but	not	on th e fund fi nancial
(15,078)

 t al activit ies	$	216,349

s are an integral part oft:hese financial stat:ernents.
- 13 -

 	
To vvne P ark Community Development Distr ict
Not es to Financial St at ements

e nt	District (the "Districtu) was established on Novemb er3 , 2014 tes, by Polk Co unt y Ordinance 5476_ The District hasamong other vices f or community development, po\Nerto borro\N money and valorem taxes and assess non-ad valorem assessment s for the
st ruct ure.

rposes of financing	and	managing the  acquisit io,n   constr   u c t i o n ,
o n  of   the	i n f r a st r u c t u r e  n e c e s s a ry	for	c o m m u n i ty  d  e v e l o p m e n t

Supervisors ("Board"), \Nhich is com pr ised of fi ve m emb ers_The basis by the o\Nners of the pr op erty \Nithin the District. Certain
eveloper  of t  h e	D i s t r i c, t	TP	Land Invest ors, LLC- The  B o ar d of
lp  o\Ner   s  granted to t he Dist rict  pursuant to  Chapt er    190, Florida

for:
ents_

s and pr  o p e r t i e s.
nerated by the Dist rict . ofk ey personnel.

vern ment, for fi nancial r e p o r t i ng p u r p o se s, m a n a g e m e n t h a s it s- T h e d e ci s i o n t o include or exclude a potential con1ponent unit pplying t he  crit eria set  fort h by Generally Accep  t ed  Accounting overnmental  Account ing    Standards Boar d    ( G AS B  ) .  Based on  t he onent units \Nere found_

T ACCOUNTINGP OLICIES

t  confor   m   to	GAAP  as app li cab le  to g  overnm ent s  in  accor d  a n c e e follo\Ning is a summary of the more signifi cant policies:

l Staternents

e both government-wide and fund fi nancial statement s_

- 14 -

Tow ne Park Community Development Dist rict
Notes to Financial St at eme nt s

ACCOUNTING POLICIES (Co nt i n u ed )

e n t s  (i.e., the St at ement	of	N e t  P  o s i t i o n   a nd	t h e  S t a t e m  e n t   of ll	the   non-fiduciary	act ivities   of	the  p  rimary	g o v e r n m  e n t .
lyl	are  sup  port ed  by  assessm ent s, are r ep ort ed   separat ely  from
signifi cant  extent on fees and charg  e s for	support. Th e business­ t e l y	i n g o v e r n m e n t - \N i d e	f in a n c i a l	s t a t e m e n t s;	h o vve v e r ,	at
not	have  any  sgi   n i fi  c a n t   b u s i n e ss- ty  p e   a c t iv i t i e s .  T h e r e f o r e,   no
Assessments  and  other items not  pr   op  e r ly   i n cl ud  e d  as   program
r ap  plicant s vvho purchase, use, or d irectyl   b enefi t from goods or
n u e s.

vided  forg  over   n m  e n t al   funds.  Major individualg   o v er  n m e n t a l ns in the fund fi nancial statements.

ting  and  Basis  of  Pres ent   a t io n

e n t s are	r ep o r t e d using the economic resources measurem ent nting.  Revenues  are  recorded  \Nh en  earned  and  expenses  ar   e
eg  ar  d l e ss  of   t h e  t im  i ng   of   t h e  r e la t e d  c a sh   f l o \Ns .  Assessments are
\Nh  i c h  they are levied. Gr.ant s and other  similar	i t e m  s  are	to	be ligib ility	r eq  u i r e m  e n t s  i rn  p o s e d   by	the	providerh ave been met.

ment s   are	reported	using	the		current	financial	resources accrualb asis of account ing. Revenues are recognized assoon as abte. Revenues are considered to be av ailable \Nhen they are r soon enoug   h  t h e r e a ft  e r  to  p   a y  l i ab  i li t ie  s  oftl:le cur r  e n t   period. ider   s	r e v e n u e s	to	be		a v a i l ab  l e	if		they   ar   e	c o ll e ct e d	\N i t h in al period.  Expendit ures generally are recorded \Nhen a liabil ity is
.  H o \N e v e r,   debt  service expendit ur   e s  are	recorded only  \Nhen

associat ed \Nit h the  current  fi scalp  er   i o d  are	all   c o n s i d er  ed   to   be n  recognized  as revenues  of  ·the  current  fi scal  period.  All  other easurab le and availab le only \/\/hen cash isr   e c e iv ed   by   the	District.

or governmental funds:

is t he primary operating fund of the District. It is used to account hose required to be account ed for in other funds.

v i c e Fund is used to account for the accurnulat ion of resources. al and int er   e s t  on	l o ng  - t er  m   debt for  the  Series 2016 B  o nd  s .

-  15	-

Towne Parl< Comm  nity  Development District
Notes to Financial Statements

ACCOUNTING POLICIES (Continued)

l Proj ects Fund accounts for the f inancialr esources to b e used in maj or	i n fr   a s t r u c t u r e  \Ni t h i n  t h e   D is t r i c t .

7,t  h  e  District does not  report anyp  roprietayr   f u nd  s .  As   ag  e n er  a l
y   has  been eliminat ed	from the g o v e r n m e n t - \Ni d e	financial

d  r e s o u r c e s are	a v a i l ab l e for	u s e, i t i s t h e D i s t r i ct ' s p o l icy t o use
icted resour  ces as they   are needed. \Nhen commi tted, assgi   n ed,
f or	use	in	the g o v e r n m e n t a l fund financial st at ement s, it is the
resources fi rs,t   follo\Ned by assigned resour   ce s,  t h e n  u n a s s ig n ed

QualifiedPublic Deposit ories" asdefined in Chapt er 280, Florida ies must  place \Nith t he Treasur er   o f  t h e  St a t e  o f  Fl o r id a  se c ur  i t i e s m e n t s d e t e r m i n e d by	th e State's Chief Financial Off icer. In t he c  Dep  osit ory,	t h e  S t a t e   T r e a s u r e r   will  pay public  depositors all and   collat eral   will b e  paid  through   assessments  b et w een   all

e p o s i t s  are	f u lyl

i n s u r e d   or	c o l l a t e r a li z e d   at   t h e  h  gi

e st l e v e l of

ment   Numb er  40,	Oeposit:s	and	Jnvest:rnent:   Disclosur  es	{An b er 3 ).

fi n a n c i a l i n s tr u m e n t s as  e s t a b l i s h ed	by S e c t i o n 2 1 8 .4 15 , Fl o r id a
n cl ud  e  among others direct oblgi   a t i o n s  of   t h e  U . S. Tr  e a su ry  ;  t h e
as c r e a t ed by S e ct i o n 2 1 8 .40 5, Fl o r i d a St a t u t e s; SEC registered c r ed  i t  qualityr  ating	f r o m   a  n at  i o  n a lly  r   e c og  n i z e d  rating ag   e n c y; saving   s  accounts in  aut horized  financial  inst itutions.

i n f r a s t r u c t u r e a s s e t s ( e .g, . r o a d s, s id e \N al k s, \N a t e r m a n a g e m e n t
ed in t h eg o v er n m e n t a l a c t iv i t i e s c o lu m n in t h eg o v e r n m e n t - \N1d e e defined by the Dist rict  asassets vvit h an init ial/ individual cost  of useful  life  in  excess of  t\No  years.  Such  assets  are  recorded  at
cost ifp  ur  c h a s e d  or   c o n s t r u c t e d .  D o n a t e d  assets are record ed at te of donat ion.

- 16 -

To\Nne Park Community  Development  Dist r   i ct
Notes to Financial Statements

ACCOUNTING POLICIES (Co nt inued )

r  e p a i r s t h a t  do	n o t  a d d  t o  t h e  v a l u e  of	th  e  asset or  mat er   ially a j or	o u t l a y s f or  c ap   it a l a s s e t s a n d i m p r o v e m e n t s are	capitalized

p  rimaryg   o v er  n m e n t  \Nill be d  epreciat ed  using   t he  st ragi   h t - l i n e
e s. Es t i m a t ed	li v e s f o r fi n a n c i a l r ep o r t i ng p  u rp  o s e s o n c e will be o service.

ement s,amountsincurr  e d  f or   t h e  a cq   u i sit i o n  o f  c ap   i t a l  a ss e t s  a r e  i a t i o n e x p e n s e is n o t r ep  o r t ed  in  t h eg  o v e r n m e n t a l f u n d f i n a n ci a l

t e m  e n t s,   l o ng   - t e r m	d e b t	a n d   o t h e r   l o ng   - t e r m	ob  lgi	a t i o n s   ar   e
o f N e t P o s i t i o n . B o n d p r e m i u m s a n d d i s c o u n t s a r e d e f er r ed and
i ng   ·t h e  s t r a gi	h t - l i n e  o r  e ff  e c t i v e  i n t er   es t  m  e t h od  . B  o n d sp   ay   ab  l e
or	d i s c o u n t s . I ss u a n c e  c o st,s	w h e t h e r  or	not	\N i t h h e ld	f r o m	th e
p o rt  e d  a s  c u r  e n t p  e r i od	e x p e n s e s. D u e t o  d e v e l op  e r  a m o u n t s e  e xp    e c t ed	t o b  e  r ep  a i d  up   o n  t h e  i ssu a n c e  o f  l o ng   -t e r m  b  o nd s .

r n m e n t a l f u nd ty p e s r e c og n i z e b o n d p r e m i u m s a nd d i s c o u n t s, as e c u r r e n t p e r i o d . Th e face amount of th e debt issued is report ed s  received  on  deb t   issuances  arer   ep   o rt  e d	as	o  t h er	fi  n a n c i ng p  o r t ed  as o t h er	f i n a n c i ng	u s e s . Is s u a n c e costs, wh eth er	o r n o t e
ed,	a r e r  ep    or t ed	as  c u r r e n t  p e r iod	e xp e n d i t u r e s.

ces

of net position \Nill som et im es includ e a sep ar at e s e c t i o n f o r

s e p ar   a t e	fi n a n c i a l s t a t e m e n t	e l e m e n,t

d e f e rre d	o u t f lo w s of

of  netp  osit ion t hat  app  li es to  a fut urep  eriod(s) and  so will not b  e ( e xp e n s e / e xp e n d i t u r e ) u n t i i t h e n . T h e D i s t r i c t d o e s n o t h a v e a ny
2 0 1 7 .

ny  i ng	s t a t e m  e n t s  \Nill  somet imes  report   a  sep  arat e  section  f or

a r a t e fi n a n c i a l s t a t e m e n t e l e m e n,t

d e fe rre d in f lo \Ns of re s0 u rc e s,

o n  t  h a t  a pp  li  e s  t o  a  f u t u r e  p e r i o d ( s )  a nd	so   \Nill not b  e recog   n i z e d til t hat  ti.me. The Distr  i c t d  o e s  n o t  h a v e  a ny   o f  t h is  ty p  e  o f  i t e m   at

- 17 -

Towne Park Community Development District
Notes to  Financial Statements

ACCOUNTING POLICIES (Continued)

fi nancial statement s is cat eg  o r i z ed	as   n e t   i n v e st m  e n t   in   c a p i t a l t  i n v e st m e n t  in	c ap i t a l a s s e t s r e p r e s e nt s n e t assets relat ed t o
equpi	m ent   net   of   any   r   e l a t ed	d  e b t .   R e s tr  i c t ed	n e t   p o s i t i o n
by	t h e D i s t r i c t ' s b o n d c o v e n a n t s .

fi e d	as	f u nd	b a l a n c e .	F u n d	b  a la n c e	i s	f u r t h e r	cl a s s i fi ed	as

a s sgi

n ed	or	u n a ssgi

n ed . N o n sp e n d ab l e fund b alance cannot b e

fund balance has limti  a t i o n s  i mp  o s e d by	c r e d i t or  s, g  r a n t.o r s, o r
o n  or	c o n st i t u t i o n a l p  r o v i si o n s .  C o m m i t t e d  f u nd	b a l a n c e	i s  a
a r d   t h r o ug   h   a pp r   o v a l  o f  r e so l u t i o n s.  A s sgi	n e d   f u n d   b a l a n c e   i s  a
D i s t r i c t  b o ar d  .  U n a s sgi	n e d  f u n d b  a l a n c e  in   t h e  G e n e ra l  Fu 17d   i s
can b e  pr op eryl	classifi ed   in   on e  of  t he  above  four  categ  o  r i e s .
t h er   g o v e r n m  e n t a l f u nd  s  r e p r e s e n t s excess exp  end it ur  e s  in c u r r ed e d , o r a s si g n e d t o th o s e p u rp o s e s .

u dg   e t a ry   s y s t e m   a n d  a n  approved annualb udg  e t . A n n u a l  b u d g e t s e n t   with GAAP f o r  the  General  Fu nd .  Any  revision  to  t he  bu dg  e t d . T h e b ud g e t s a r e c o mp a r e d t o a ct u a l e xp e n d i t u r e s . In i n st a n c e s m a t ed r  e v e n u e s h a v e b e e n r e v i se d d u r i ng	t h e y e ar,	b ud g  et	data ep r e s e n t fi n a l a u t h o r i z a t i o n a m o u n t s . T h e D i str i ct f o ll o w s t h e s e
t a ry	d a t a  r e fl e c t ed	in	th e fi n a n c i a l s t a t e m e n t s :

r  su b m  i t s to	the	D i s tr  i c t B  o ar d	a  proposed op  erating	b u d g e t  for e f o ll o w i n g O c t ob er	1.
to	ob t a in c o m m e n t s .
	is l eg a l l y ad o p t e d  by  t h e  D i s·t r i ct  B o a rd . pr o v e d by t h e D i st r ic t B o a r d .
s c o n s i s t e n t w i t h a c c o u n t i ng p r i n c i p l e sg e n e r a ll y a c c e p t ed in t h e

t s in conf or m ity  w i t h  a c c o u n t i n g  pr  i n ci p l e sg  e n er  a ll y  a c c ep t e d  in e e s t i m a t e s a n d a s su m p t i o n s t h at a ff e c t c e rt a i n r ep o r t ed  a m o u n t s e s u lt s c o u l d d i ff e r f r o m t h o s e e st i m a t e s .

-  18	-

Towne Park Community Development District
Notes to Financial Statements

's   act ivity   going   for\Nar d	is	dependent   upon   the   continued
nd   Investor,s.  L  L C ,	\Nhich   current ly   O\NnS  the	majority  of   the
District boundaries. The loss of supp  ort  couldp  ot entiallyh ave a t's operations.

oper   cont ribut ed   app  roximately   $31 8  ,0 0 0	to	the	District   for Nell as cap it al expe nd it ures. As o f September 30, 2017, a totaI of a total of$77,041is dueto the Develop  er. Thedueto Developer
loper  advances  t o  fund  the  construction  of  infr  a st r u ct  u r e .  The eS .

s  in   t h e  c a p i t a l  assets f or  the   year  ended Sep  tember  30, 2017:

Beginning
Balance	Additions	Reductions

Ending Balance

ciated	855,069	1,846,170	2,701,239	

s, net	
$	855,06	_	
$ 1,846,170	
$	$ 2,701,239	

$	855,069	$  1,846,170	$	$ 2,701,239

tructure has been est imated  at  approximately  $8.8  million,  of s e x,p ect ed t o be financed \Nith the proceeds from the 2016 Bond ed by the Developer. The infrastruct ure \Nill include st or  m \N a t er es, road\Nays, land scaping	and	h ar  d s c ap  i ng	a n d  a m  e n i t i e s.  Upon veyed to other entitles for O\Nnership and/or maintenance.

2,960,000 of Special Assessment Bonds,S er ie s 2016 consisting of November	1	2028   \Nith   a   fi xed   int er   e st	rate  of   5.00%,  and on Novemb er 1, 2046 \Nith a fixed interest rat e of 5.75%. Th e uisition and const ruction of  certain imp rovementsfor th e benefit nually on each May 1	and	N o v e m b er	1 . Principal is paid serially
rough Novemb er 1, 2046.

- 19 -

 	
To\Nne Park Community Development District
Notes to F i n a n c i a l Statements

ntinued)

tions and requiremehts relating principally to the useof proceeds s and the  procedur  e to  be followed by the  District on assessments ed to levy special assessments in annual amounts adequate to to meet the debt service reser ve requirement. The District is in the Bond Indenture.

District maint   a i n   adequate funds in the  reserve account  to  meet as defined in the Indenture. The requirement has been met for 017.

r ended September 30, 2017 was asf ollows:

Additions	Red uct ions

Ending Balance

Due Within OneYear

$	$	$	2,960,000	$	45,000
1	77,041

1	$	$	$	3,037,041	$	45,000

d debt service requir ements on long-ter m debt were asfollows:

Tot   a l  Debt
incipal	Interest	SenJice
45,000	s	164,013	$	209,013	
45,000	161,763	206,763	
45,000	159,513	204,513	
50,000	157,138	207,138	
S0,000	154,637	204,637	
300,000	730,938	1,030,938	
380,000	643,813	1,023,813	
500,000	518,937	1,018,937	
670,000	352,187	1,022,187	
875,000	131,531	1,006,531	
,960,000	$ 3,174,469	$	6,134,469

- 20 -

 	
Towne Park Community Development District
Notes to Financial Statements

of   l o ss  related to torts; theft  of, damage t,o   and destruction of
at  u r a l  d  i s a st e r s.   T h e    D i str  i c t    maintains  commercial   insurance overage may  not  extend  to  all  sit uat ions.  Management  believes a ny s i g n i fi c a n t u n i n s ur e d lo s s e s to t h e D i s t r i c t . The District has ny    i n s u r a n c e   claims  exceeding    the  commercial  coverag  e   in   th  e

nag   e m  e n t  c o mp   a n y  t o   perform manag   e m  e n t  a d v i s or y    s e r v i c e s, ing  advisory  services.   Certain   employ  ees  of   the   manag   e m  e n t rd  appoint ed   non-vot  i ng    positions)  of  th   e    District.  Under  th e he  m a n a g e m e n t c o m p a ny f o r m a n ag  e m e n t, a c c o u n t i ng,  fi n a n ci a l o s t s .

- 2 1 -

Supplemental Information ther Than MD&A)

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

 	2017	

Original and
Final Budget	
Act ual Amounts	Variance vvith
F inal ll_1..1dget		

$	210,000	
$	62,526	
$	( 147,  474   )		
210,00Q	62,526	(147 ,474 )		

140,000	

50,985	

89 ,01S		
70,000	9,612	60,388		
210,000	60,59?_	149 ,403		

s	$	$	1,92_  9	$	1,  929

- 22 -

Carr, Riggs & Ingr am, LLC Cert ifi ed Public Accountant s 500 Grand Boul evaro
Sui te 210
Mira mar Beach, Flori da 32550

(850) 837-3141
(850) 654- 4619 (tax)
CR le pa.corn

ON INTE RNAL CONTROL OVER FINANCIAL REPORTING AND ON ASED ON AN AUDIT OF FINANCIAL STATEMENTS P ERFORME D IN ITH GOVERNIVIENT AUDITING STANDARDS

Dist ri ct

he  audit ing   st andardsg ener  ally  accepted in1h: e UnitedStat es  of   fi nancial aud it s cont ained in Governrnent:Audit:ingSt:andardsissued d St at es, the financial st atements of th e government al activities and nity  Development  Dist rict (he,  ·einaft err  ef erred to  ast he " Dist rict " ),  r 30, 2017, and t he related not es to t he f inancial st at ements, which fi nanci al st at   e m  e n t s,   a n d   h a v e  i s s u  ed    our     report dated June 1,20 18 .

ing

of  t he  financial  st atement s,  we   conside red  t he  District's  int er  nal l cont rol) to d et ermine the  auditp  rocedur  es that ar  eapp ropr  iat e in xpr  essing   our  opinions on th e fi nancial st atement s, but  not  for  t he e  eff ect ivenessof  the  Dist rict' s int ernal contr ol. Accor d ingyl ,   \Ned o
ness of the Dist rict 's internal cont rol.

en th ed esi   n or operat   i o  n  o f  a  c o n t r o  l d   o  e s  n  o t   a ll o w   m  a n  ag  e m  e n t
erf orming t heir assigned f unctions, to  preven,t   or detect andcor rect,
erial w eakness is ad ef iciency, or a comb inat ion of defi ciencies, in easonab lep ossibilit y that a material misst at ement  of  the  ent ity' s  n t ed, or  d et e c t e d  a n d  c o rr e ct ed  o n  a  timely b asis. A signifi cant at ion of def iciencies, in int ernal co nt rol that is less severe t han a
gh to merit attention by t hose charged wit h governance

as for t he limit ed purpose d escribed in the fi rst p ar agr aph of t his ntify all   def iciencies  in   int ernal   cont rol  th at   might  be  mat erial G i v e n t h e s e li m i t a t i o n s, d u ri n g o u r a ud i t we		d id	not	i d e n t i fy	a n y onsider to  be mat erial \Neaknesses. However,	mat erial weaknesses
.

- 23 -

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 of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our 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	1..1..e.
CARR, RIGGS & INGRAM, LLC

Miramar Beach, Florida June 1, 2018

- 24-

Car-r, Riggs & Ingram, LLC
Certified Public Ac c oun ta nt s
500 Grand Boulevard Suite 210
Miramar Beach, Florida 32550

MANAGEMENT  LETTER	(850) 837-3141
(850) 654-4619 (fax>
C Rlcp a.c om

D is t r-i ct

ts of Towne Park Community Development Dist rict ("District") asof 3 0 , 2017, and h ave issued our report thereon dated June 1, 2018.

with auditing standardsg e n e ra l ly accepted in the Unit ed States of ancial audits cont ained in Government Audit ing Standards, issued by
States; and Ch ap  t er 1 0.550, Rules of  the  F  l o r i d a  A ud  ti   o r  G e n e r a l.

dit ors'   Report  on   Int ernal   Cont rol   over	Financial   Reporting  and an Audit of the FinancialSt a t e m e n t s P e rf o r m ed in Accordance with dependent Accountants' Report on an examinat ion conduct ed in andards,  AT-C Sect ion 315,  regarding cornpliance  req   u i r e m  e n ts   in  s  of  the   Auditor  General.	Disclosures  in  those    rep   o rt  s ,  which  are ed in conjunct ion with this managernent lett er.

i t or G e n e r a, l requires that we determine whether or not corrective
ings and recommendat ions made ,n the preceding annual fi nancial recommendations made in the preceding annual audit report.

ud i t or G e n er a l , r eq u i r e s that the name or off icial t it le a11d legal nd each comp  o n e n t u n it  of  the  reporting entity be disclosed in t his t he not es to the fi nancial st at ement s. The inf ormation required is t atements.

- 25 -

Financial Condition and Management

Section 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, require that we apply appropriate procedures and communicate 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 to identify 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 for the District. 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.

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

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 communicate the results of our determination as to whether the annual financial report for the District for the fiscal year ended September 30, 2017, 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, 2017. In connection with our audit, we determined that these two reports were in agreement.

Additional Matters

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.
ctl-w, ff	.i J	i..1..c...
CARR, RIGGS & INGRAM, LLC

Miramar Beach, Florida June 1, 2018

- 26 -

Carr. Riggs & Ingra m , LLC
Certified Public Ac c o unt a nt s
5 00 Gra n d Boulevard
Sui te 210
Miramar Beach. Florida 32550

(850) 837-3141
(850} 654-4619 (fax)
CRlepa.com
T

Dist rict

unity    Development  District's comp  liance with  th e requirements  of Government Investment: Policies,  dur ing t  he  year ended  September e  for   the    D is t r ic t ' s  c o m p li a n c e  vvith th ose requir ement s.  Our n the D i s t r i c t' s c o mp l i a n c e based on our examinat ion.

cord  a n c e   with  at'test at ion standar d s establish ed	by	the	Arnerlcan
. Those st andard s r eq u ir e that we plan and perform the examinat ion whether the District complied, in all mat erial r espect s, with the o v e .   An     e x a m  in a t i o n    involves  performing p  rocedur-es  to   obtain omplied  with  the sp   e c ifi  e d   r eq   u i r e m  e n t s .  T h e   n a t u r e,   timing,  and our judgment, including an assessment of t he risks of mat erial
or error. We believe t he evidence we obtained is suff icient and sis for  our op   i n i o n .

le g a l  d et e r m in a t i o n	on	t h e	D i s t r i c t' s   c o mp  l i a n c e  -w i th	sp e c ifi ed

a ll m a t e r i a l r e s p e cts,	with the af orement ioned requirement sfor the

f o r m  a t i o n  and   use    of   Board of S up   e r v i s o r s,  m  a n ag  e m  e n t  a nd   the n o t in t e n d e d to be and s h o u ld not be u s e d by a ny o n e o t h er t h a n

•L.-C..

-  27	-

··------------------

Towne Park Community Development District

Funding Agreement #2

TOWNE PARK
COMMUNITY DEVELOPMENT DISTRICT

Funding Request #2
Capital Projects Phase 28 & 3A
5/29/2018
Invoice	Phase 28	Phase 3A
Item	Payee	Number	TP 11,LLC	Riverstone, LLC	Total
 	No.	

Hamilton Engineering & Surveying, Inc.
Split 50/50 between TP II, LLC and Riverstone, LLC
Engineering  Services 04.01.2018 to 04.27.2018	55991      $        142.50      $	142.50 $ 285.00

Hopping Green & Sams
Legal Services thru 01.31.2018 - S2018 Financing	98605      $        338.00      $	$    338.00
Legal Services thru 02.28.2018 - Project Construction         99394      $         118.00      $	$     118.00
Legal Services  thru 04.30.2018 - Project Construction        100466     $        815.70      $	$    815.70

Legal Services  thru 01.31.2018 - Phase 2B Construction     98606      $       949.00      $	$ 949.00 Legal Services  thru 02.28.2018 - Phase 2B Construction     99395      $       171.50     $	$ 171.50 Legal Services  thru 03.31.2018 - Phase 2B Construction     99883      $    1,929.00      $	$ 1,929.00 Legal Services  thru 04.30.2018 - Phase 2B Construction    100468     $    2,801.83      $	$ 2,801.83

Legal Services  thru 01.31.2018 - Phase 3A Construction   98607     $	$	881.00 $ 881.00 Legal Services  thru 02.28.2018 - Phase 3A Construction   99396     $	$	735.00 $ 735.00 Legal Services  thru 03.31.2018 - Phase 3A Construction   99884     $	$	664.76 $ 664.76 Legal Services thru 04.30.2018 - Phase 3A Construction   100469    $	$         2,684.58    $  2,684.58

TOTAL 	$7,265.53	$5,107.84	$12,373.37

Chairperson

\_   \      / /

Invoice

=;:-;,';:ffA	M	I	LT	O	N
ENGINEERING & SURVEYING, INC.
3409 WLEMON ST., TAMPA, FL 33609

I

TEL:8 13.250.3535 FAX:8 13. 250.3636
EMAIL:AccoUNTING@HAMILTONENGINEERING.US

Towne Park CDD 12051 Corporate Blvd
Orlando, FL 32817

Project	03271.0002	Towne Park Estates

May 1, 2018
Project No: Invoice No: Project Manager:

03271.0002
55991
Heather Wertz

1

Pr,2fes§_i,2n 2,l_§.g_yic1e  J2t  l  '1e_ft  i:im!:..AVI i  lJ.,.,.2_0J§J2  ..Awl  Ul.  J.19 § 	
Phase	030	Engineering Services - Hourly
Professional Personnel

Principal/Sr Project Mgr		Hours	Rate	Amount		
Wertz, Heather	4/4/2018	.50	190.00	95.00		
Wertz, Heather	4/5/2018	.50	190.00	95.00		
Wertz, Heather	4/11/2018	.50	190.00	95.00		
Totals		I.SO	285.00		
Total Labor				285.00	
			Total for this Section:	$285.00	

TOTAL DUE THIS INVOICE:	$285.00

Billed-to-Date	
Current	
Prior	
Total	
Labor	285.00	9,250.00	9,535.00	
Totals	285.00	9,250.00	9,535.00	
Outstanding Inv	oices			
Number	Date	Balance	
55898	4/6/2018	4,490.00	
Total		4,490.00	

6vo)

PLEASE INCLUDE INVOICE#  ON CHECK. Tlrnnk you.	**Billing Questions: Jaynie Davis 813.250.3535 ext 133** All invoices are due upon receipt. A late charge of 1.5% will be added to any unpaid balance after 30 days.

Hopping Green & Sams
Attorneys and Counselors

119 S. Monroe Street, Ste. 300
P.O. Box 6526 Tallahassee, FL 32314
850.222.7500
================================= STATEMENT =================================
February 19, 2018
Towne Park Community Development District	Bill Number	98605	
c/o Fishkind & Associates	Billed through	01/31/2018	
12051 Corporate Boulevard		
Orlando, FL 32817		

Series 2018 Financing		
TPKCDD	00105	RVW		

FOR PROFESSIONAL SERVICES RENDERED
01/16/18	RVW	Attend conference call with finance team.

01/17/18	AHJ	Prepare bond files.

Total fees for this matter

0.90 hrs
a.so hrs
$338.00

MATTER SUMMARY

Jaskolski, Amy H. - Paralegal		a.so hrs	145	/hr	$72.50	
Van Wyk, Roy		0.90 hrs	295	/hr	$265,50	
	TOTAL FEES				$338.00
----------	
TOTAL CHARGES FOR THIS MATTER	$338.00

BILLING SUMMARY

Jaskolski, Amy H. - Paralegal	a.so	hrs	145	/hr	$72.50	
Van Wyk, Roy	0.90	hrs	295	/hr	$265,50	

TOTAL FEES

TOTAL CHARGES FOR THIS BILL

$338.00
-----------
$338.00

Please include the bill number on vour check.

Hopping Green & Sams
Attorneys and Counselors

119 S. Monroe Street, Ste. 300
P.O. Box 6526 Tallahassee, FL 32314
850.222.7500
================================= STATEMENT =================================
March  28, 2018
Towne Park Community Development District	Bill Number	99394	
c/o Fishkind & Associates 12051 Corporate Boulevard
Orlando, FL 32817	Billed through	02/28/2018	

Project Construction			
TPKCDD	00103	RVW			

FOR PROFESSIONAL SERVICES RENDERED
02/07/18	RVW	Research bid timing.

Total fees for this matter

0.40 hrs

$118.00

MATTER SUMMARY

Van Wyk, Roy	0.40 hrs

TOTAL FEES

TOTAL CHARGES FOR THIS MATTER

295 /hr	$118.00

$118.00
----------
$118.00

BILLING SUMMARY

Van Wyk, Roy

TOTAL FEES

TOTAL CHARGES FOR THIS BILL

0.40 hrs

295  /hr	$118.00

$118.00
-----------
$118.00

Please include the bill number on vour check.

Hopping Green & Sams
Attorneys and Counselors

119 S. Monroe Street, Sta. 300
P.O. Box 6526 Tallahassee, FL 32314
850.222.7500
================================= STATEMENT =================================
May 22, 2018
Towne Park Community Development District	Bill Number	100466	
c/o Fishkind & Associates	Billed through	04/30/2018	
12051 Corporate Boulevard
Orlando, FL 32817			

Project Construction			
TPKCDD	00103	RVW			

FOR PROFESSIONAL SERVICES RENDERED
04/03/18	RVW	Review and edit association document language.

1.40 hrs

04/16/18	AHJ

04/23/18	AHJ

04/26/18	AHJ

Record temporary construction and access easement agreement. Prepare revisions to standard general conditions.
Review executed EJCDC contracts.

0.40 hrs

0.40 hrs

1.50 hrs

Total fees for this matter

DISBURSEMENTS
Recording Fees

Total disbursements for this matter

$746.50

69.20

$69.20

MATTER SUMMARY

Jaskolski, Amy H, - Paralegal	2.30 hrs	145	/hr	$333.50	
Van Wyk, Roy	1.40 hrs	295	/hr	$413.00	
TOTAL FEES	$746.50	
TOTAL DISBURSEMENTS	$69.20
----------	
TOTAL CHARGES FOR THIS MATTER	$815.70	

BILLING SUMMARY

Jaskolski, Amy H. - Paralegal	2.30 hrs	145	/hr	$333.50	
Van Wyk, Roy	1.40 hrs	295	/hr	$413.00	

TOTAL FEES TOTAL DISBURSEMENTS

TOTAL CHARGES  FOR THIS BILL

$746.50
$69.20
---------- ..
$815.70

Project Construction	Bill No. 100466	Page 2

Please include the bill number on vour check.

l--lopping  Green & Sams
Attorneys and Counselors

119 S. Monroe Street, Ste. 300
P.O. Box 6526 Tallahassee, FL 32314
850,222.7500
================================= STATEMENT =================================
February  19, 2018
Towne Park Community Development District	Bill Number	98606	
c/o Fishkind & Associates	Billed through	01/31/2018	
12051 Corporate Boulevard		
Orlando, FL 32817		

Phase 28 Construction		
TPKCDD	00106	RVW		

FOR PROFESSIONAL SERVICES RENDERED
01/10/18	RVW	Confer with Shapiro regarding request for proposals on phase 2B.

0.40 hrs

01/17/18	AHJ

01/17/18	SSW

01/24/18	SSW

01/26/18	SSW

01/30/18	SSW

01/31/18	SSW

Prepare request for proposal project manual.

Review financing schedule; review structure of request for proposals regarding construction.

Confer with Shapiro regarding request for proposal process. Prepare project manual and form of agreement.
Confer with Gaarlandt regarding meeting schedule to award bids.

Prepare revised project manual and notice of request for proposals; confer with Adams and Wertz regarding same.

1.00 hrs

0.30 hrs

0.20 hrs

1.40 hrs

0.10 hrs

0.80 hrs

Total  fees for this matter	$949.00

MATTER SUMMARY

TOTAL CHARGES FOR THIS MATTER

 	...

Jaskolski, Amy H. - Paralegal		1.00 hrs	145	/hr	$145.00	
Van Wyk, Roy		0.40 hrs	295	/hr	$118.00	
Warren, Sarah s.		2.80 hrs	245	/hr	$686.00	
	TOTAL FEES				$949.00	

$949.00

BILLING SUMMARY

Jaskolski, Amy H. - Paralegal	1.00 hrs	145	/hr	$145.00	
Van Wyk, Roy	0.40 hrs	295	/hr	$118.00	
Warren, Sarah S.	2.80 hrs	245	/hr	$686.00	

TOTAL FEES	$949.00

Phase 2B Construction	Bill No. 98606	Page 2
================================----==-----==-=---======--====---=-=----=--------------

TOTAL CHARGES FOR THIS BILL	$949.00

Please include the bill number on vour check.

Hopping GTeen & Sams
Attorneys and Counselors

119 S. Monroe Street, Ste. 300
P.0. Box 6526 Tallahassee, FL 32314
850.222.7500
================================= STATEMENT =================================
March 28, 2018
Towne Park Community Development District	Bill Number	99395	
c/o Fishkind & Associates 12051 Corporate Boulevard
Orlando, FL 32817	Billed through	02/28/2018	

Phase 2B Construction			
TPKCDD	00106	RVW			

FOR PROFESSIONAL SERVICES RENDERED
02/05/18	SSW		Finalize notice of request for proposals; confer with Gaarlandt regarding publication of same.

02/08/18	SSW	Confer with Wertz regarding revisions to project manual.

Total fees for this matter

0.40 hrs

0.30 hrs

$171.50

MATTER SUMMARY

Warren, Sarah S.	0.70 hrs

TOTAL FEES

TOTAL CHARGES FOR THIS MATTER

245 /hr	$171.50

$171.50
----------
$171,50

BILLING SUMMARY

Warren, Sarah S.	0.70 hrs

TOTAL FEES

TOTAL CHARGES  FOR THIS BILL

245 /hr

$171.50

$171.50
-----------
$171.50

Please include the bill number on vour check.

1--lopping Green & Sams
Attorneys and Counselors

119 S. Monroe Slreel, Ste. 300
P.O. Box 6526 Tallahassee, FL 32314
850.222.7500
================================= STATEMENT =================================
April 25, 2018
Towne Park Community Development District	Bill Number	99883	
c/o Fishkind & Associates
12051 Corporate Boulevard	Billed through	03/31/2018	
Orlando, FL 32817			

Phase 2B Construction			
TPKCDD	00106	RVW			

FOR PROFESSIONAL SERVICES RENDERED
03/01/18	SSW	Prepare for and attend development status conference call.

0.30 hrs

03/14/18	RVW

03/20/18	SSW

03/20/18	AHJ

03/22/18	RVW

03/29/18	RVW

03/30/18	RVW

Confer with Wertz and Shapiro regarding bid questions and rankings. Confer with Wertz regarding consideration of proposals.
Prepare construction funding agreement. Prepare notices for request for proposal awards.
Prepare construction agreement with Tucker Paving; confer with staff. Confer with chairman and engineer regarding contract.

0.20 hrs

0.40 hrs

0.70 hrs

0.90 hrs

3.70 hrs

0.60 hrs

Total fees for this matter

DISBURSEMENTS
Document Reproduction

Total disbursements for this matter

$1,866.00

63,00

$63.00

MATTER SUMMARY

Jaskolski, Amy H. - Paralegal	0.70 hrs	145	/hr	$101.50	
Van Wyk, Roy	5.40 hrs	295	/hr	$1,593.00	
Warren, Sarah s.	0.70 hrs	245	/hr	$171.50	
TOTAL FEES				$1,866.00	
TOTAL DISBURSEMENTS				$63.00
·------------	
TOTAL CHARGES FOR THIS MATTER				$1,929.00	

BILLING SUMMARY

Jaskolski, Amy H. - Paralegal	0.70 hrs	145  /hr	$101.50

Phase 28 Construction	BIii No. 99883	Page  2
==========================================================================-=---========
Van Wyk, Roy		5.40	hrs	295	/hr	$1,593.00	
Warren, Sarah S.		0.70	hrs	245	/hr	$171.50	
	TOTAL FEES					$1,866.00	
	TOTAL DISBURSEMENTS					$63,00
-------------	
TOTAL CHARGES FOR THIS BILL	$1,929.00

Please include the bill number on vour check.

Hopping Green & Sams
Attorneys and Counselors

119 S. Monroe Street, Ste. 300
P.O. Box 6526 Tallahassee, FL 32314
850.222.7500
================================= STATEMENT =================================
May  22, 2018
Towne Park Community Development District	Bill Number	100468	
c/o Fishkind & Associates
12051 Corporate Boulevard	Billed through	04/30/2018	
Orlando, FL 32817		

Phase 2B Construction		
TPKCDD	00106	RVW		

FOR PROFESSIONAL SERVICES RENDERED
04/02/18	RVW	Confer with Adams and Wertz regarding contract.	0.40 hrs

04/03/18	RVW

04/03/18	AHJ

04/04/18	SSW

04/09/18	AHJ

04/10/18	RVW

04/11/18	AHJ

04/12/18	SSW

04/13/18	RVW

04/13/18	SSW

04/16/18	RVW

04/16/18	SSW

04/19/18	SSW

04/23/18	RVW

04/24/18	RVW

04/26/18	RVW

04/27/18	RVW

Confer with Wertz regarding Tucker  paving contract and bid proposal.	1.30 hrs Review construction agreement.	0.30 hrs
Prepare for and attend conference call regarding proposals and schedule.	0.90 hrs Assemble engineer's joint contract documents.	0.70 hrs
Confer with Wertz regarding Tucker Paving  contract; follow-up,	0.40 hrs

Assemble engineer's joint contract documents.	0.40 hrs

Prepare correspondence regarding construction contract.	0.30 hrs

Confer with Wertz and Anclotti regarding changes to QGS contracts.	0.40 hrs

Review terms of construction  contract and proposal;  confer with contractor	0.60 hrs regarding requested revisions to same,

Confer  with Wertz regarding construction contracts.	0.40 hrs

Review terms of construction contract, bid package,  and proposals; confer with	0.90 hrs contractor regarding requested changes to same.

Prepare for and attend development status call.	0.40 hrs Review and edit developer documents regarding phase 2B developer.	1.20 hrs Confer with Fowler regarding revised contracts; prepare same,	0.70 hrs Coordinate with contractor  and assurity regarding  contract and bonds.	0.40 hrs
Confer with developer and bonding company regarding letter of set  aside for	0.40 hrs funding.

Total fees  for this matter	$2,614.50

Phase 28 Construction

DISBURSEMENTS	Bill No. 100468	Page 2	
Document Reproduction		181.75	
Conference Calls		5.58	
Total disbursements for this matter		$187.33	

MATTER SUMMARY

Jaskolski, Amy H. - Paralegal	1.40 hrs	145	/hr	$203.00	
Van Wyk, Roy	5.60 hrs	295	/hr	$1,652.00	
Warren, Sarah S.	3.10 hrs	245	/hr	$759.50	
TOTAL FEES	$2,614.50	
TOTAL DISBURSEMENTS	$187.33	

TOTAL CHARGES FOR THIS MATTER	·------------
$2,801.83	

BILLING SUMMARY

Jaskolski, Amy H. - Paralegal	1.40	hrs	145	/hr	$203.00	
Van Wyk, Roy	5.60	hrs	295	/hr	$1,652.00	
Warren, Sarah S.	3.10	hrs	245	/hr	$759.50	

TOTAL FEES TOTAL DISBURSEMENTS

TOTAL CHARGES FOR THIS  BILL

$2,614.50
$187.33
-------------
$2,801.83

Please include the bill number on vour check.

Hopping Green & Sams
Attorneys and Counselors

119 S. Monroe Street, Ste. 300
P.O. Box 6526 Tallahassee, FL 32314
850.222.7500
================================= STATEMENT =================================
February  19, 2018
Towne Park Community Development District	Bill Number	98607	
c/o Fishkind & Associates	Billed through	01/31/2018	
12051 Corporate Boulevard		
Orlando, FL 32817		

Phase 3A Construction		
TPKCDD	00107	RVW		

FOR PROFESSIONAL SERVICES RENDERED
01/10/18	RVW	Confer with Shapiro regarding request for proposals on phase 2B.

0.40 hrs

01/17/18	SSW

01/18/18	AHJ

01/24/18	SSW

01/26/18	SSW

01/30/18	SSW

01/31/18	SSW

Review financing schedule; review structure of request for proposals regarding construction.

Prepare request for proposal project manual.

Confer with Shapiro regarding request for proposal process. Prepare project manual and form of agreement.
Confer with Gaarlandt regarding meeting schedule to award bids.

Prepare revised project manual and notice of request for proposals; confer with Shapiro and Wertz regarding same.

0.20 hrs

0. 70 hrs

0.20 hrs

1.40 hrs

0.10 hrs

0.80 hrs

Total fees for  this matter	$881.00

MATTER SUMMARY

Jaskolski, Amy H. - Paralegal		0.70 hrs	145	/hr	$101.50	
Van Wyk, Roy		0.40 hrs	295	/hr	$118.00	
Warren, Sarah S.		2.70 hrs	245	/hr	$661.50	
	TOTAL FEES				$881.00
----------	
TOTAL CHARGES FOR THIS MATTER	$881.00

BILLING SUMMARY

Jaskolski, Amy H. - Paralegal	0.70 hrs	145	/hr	$101.50	
Van Wyk, Roy	0.40 hrs	295	/hr	$118.00	
Warren, Sarah S.	2.70 hrs	245	/hr	$661.50	

TOTAL FEES	$881.00

Phase 3A Construction	Bill No. 98607	Page 2

TOTAL CHARGES FOR THIS BILL	$881.00

Please include the bill number on vour check.

Hopping  GYeen & Sams
Attorneys and Counselors

119 S. Monroe Street, Ste. 300
P.O. Box 6526 Tallahassee, FL 32314
B50.222.7500
================================= STATEMENT =================================
March  28, 2018
Towne Park Community Development District	Bill Number	99396	
c/o Fishkind & Associates	Billed through	02/28/2018	
12051 Corporate Boulevard		
Orlando, FL 32817		

Phase 3A Construction		
TPKCDD	00107	RVW		

FOR PROFESSIONAL SERVICES RENDERED
02/05/18	SSW		Finalize notice of request for proposals; confer with Gaarlandt regarding publication of same.

0.40 hrs

02/06/18	SSW

02/08/18	SSW

02/15/18	SSW

02/22/18	SSW

02/26/18	SSW

Confer with Heath and Shapiro regarding timing of request for proposals and contract award.

Confer with Wertz regarding revisions to project manual. Attend development status conference call.
Attend development  status conference call.

Attend conference call with Cremer and Heath regarding development agreement and approval of off-site improvements.

0.80 hrs

0.30 hrs

0.20 hrs

0.20 hrs

1.10 hrs

Total fees for this matter

$735.00

MATTER SUMMARY

Warren, Sarah S.	3.00 hrs

TOTAL FEES

TOTAL CHARGES  FOR THIS MATTER

245 /hr	$735.00

$735.00
----------
$735.00

BILLING SUMMARY

Warren, Sarah S.	3.00 hrs

TOTAL FEES

TOTAL CHARGES FOR THIS BILL

245 /hr

$735.00

$735.00
-----------
$735.00

Please include the bill number on vour check.

l1opping GTeen & Sams
Attorneys and Counselors

119 S. Monroe Slreet, Ste. 300
P.O. Box 6526
Tallahassee, FL 32314
850,222.7500
================================= STATEMENT =================================
April  25, 2018
Towne Park Community Development District	Bill Number	99884	
c/o Fishkind & Associates	Billed through	03/31/2018	
12051 Corporate Boulevard			
Orlando, FL 32817			

Phase 3A Construction			
TPKCDD	00107	RVW			

FOR PROFESSIONAL SERVICES RENDERED
03/01/18	SSW	Prepare for and attend development status conference call.

0.30 hrs

03/14/18	RVW

03/20/18	RVW

03/20/18	SSW

03/20/18	AHJ

03/22/18	RVW

Confer with Wertz and Shapiro  regarding  bid questions and rankings. Confer with Heath and Wertz regarding request for proposal award notices. Confer with Wertz regarding consideration of proposals.
Prepare construction funding agreement.

Prepare notices regarding request for proposal awards.

0.20 hrs

0.30 hrs

0.40 hrs

0.70 hrs

0.80 hrs

Total fees for this matter

DISBURSEMENTS
Conference Calls

Total disbursements for this matter

$656.50

8.26

$8.26

MATTER SUMMARY

Jaskolski, Amy H. - Paralegal	0.70 hrs	145	/hr	$101.50	
Van Wyk, Roy	1.30 hrs	295	/hr	$383.50	
Warren, Sarah S.	0.70 hrs	245	/hr	$171.50	
TOTAL FEES	$656.50	
TOTAL DISBURSEMENTS	$8.26
----------	
TOTAL CHARGES FOR THIS MATTER	$664.76	

BILLING SUMMARY

Jaskolski, Amy H. - Paralegal	0.70 hrs	145	/hr	$101.50	
Van Wyk, Roy	1.30 hrs	295	/hr	$383.50	
Warren, Sarah S.	0.70 hrs	245	/hr	$171.50	

Phase 3A Construction	Bill No. 99884	Page 2
=--====--=----==---====--====-====--=========--====-====--====-=====-==================

TOTAL FEES	$656,50	
TOTAL DISBURSEMENTS	$8.26	

TOTAL CHARGES FOR THIS BILL	----------
$664.76	

Please include the bill number on your check.

l--lopping GYeen & Sams
Attorneys and Counselors

119 S. Monroe Street, Ste. 300
P.O. Box 6526 Tallahassee, FL 32314
850.222.7500
================================= STATEMENT =================================
May 22, 2018
Towne Park Community Development District	Bill Number	100469	
c/o Fishkind & Associates
12051 Corporate Boulevard	Billed through	04/30/2018	
Orlando, FL 32817			

Phase 3A Construction			
TPKCDD	00107	RVW			

FOR PROFESSIONAL SERVICES RENDERED			
04/03/18	RVW	Confer with Schwenk regarding executed contract documents.	0.30 hrs	
04/04/18	RVW	Review correspondence from developer regarding roadway parcels and conveyance; attend conference call with chairman regarding same.	1.30 hrs	
04/04/18	SSW	Prepare for and attend conference call regarding proposals and schedule.	0.90 hrs	
04/09/18	AHJ	Prepare correspondence to Adams regarding engineer's joint contract documents.	0.30 hrs	
04/10/18	AHJ	Assemble engineer's joint contract documents.	0.50 hrs	
04/11/18	RVW	Conduct contract negotiations with QGC; confer with Heath.	0.40 hrs	
04/12/18	SSW	Prepare correspondence regarding construction contract.	0.30 hrs	
04/13/18	RVW	Confer with Heath and Wertz regarding additional changes to QGS contracts.	0.40 hrs	
04/13/18	SSW	Review terms of construction contract and proposal; confer with contractor regarding requested revisions to same.	0.60 hrs	
04/16/18	RVW	Confer with Wertz regarding construction contracts.	0.40 hrs	
04/16/18	SSW	Review terms of construction contract, bid package, and proposals; confer with contractor regarding requested changes to same.	0.90 hrs	
04/19/18	SSW	Prepare for and attend development status conference call.	0.40 hrs	
04/23/18	RVW	Confer with contractor regarding agreement; confer with Heath and Anclotti regarding same.	1.20 hrs	
04/24/18	RVW	Confer with Fowler regarding revised contracts; prepare same.	0.70 hrs	
04/26/18	RVW	Coordinate with contractor and assurity regarding contract and bonds.	0.40 hrs	
04/27/18	RVW	Confer with developer and bonding company regarding letter of set aside for funding.	0.40 hrs	

Phase 3A Construction	Bill No. 100469	Page 2

Total  fees for this matter	$2,498.00

DISBURSEMENTS
Document Reproduction Conference Calls

Total disbursements for this matter

181.00
5.58

$186,58

MATTER SUMMARY

Jaskolski, Amy H. - Paralegal	0.80 hrs	145	/hr	$116.00	
Van Wyk, Roy	5.50 hrs	295	/hr	$1,622.50	
Warren, Sarah S.	3.10 hrs	245	/hr	$759.50	
TOTAL FEES	$2,498.00	
TOTAL DISBURSEMENTS	$186.58
·------------	
TOTAL CHARGES FOR THIS MATTER	$2,684.58	

BILLING SUMMARY

Jaskolski, Amy H. - Paralegal	0.80	hrs	145	/hr	$116.00	
Van Wyk, Roy	5.50	hrs	295	/hr	$1,622.50	
Warren, Sarah S.	3.10	hrs	245	/hr	$759.50	
TOTAL FEES	$2,498.00	
TOTAL DISBURSEMENTS	$186.58	

TOTAL CHARGES FOR THIS BILL	-------------
$2,684.58	

Please include the bill number on vour check.

Towne Park Community Development District

Payment Authorization Numbers 76 - 77

TOWNE PARK
COMMUNITY	DEVELOPMENT	DISTRICT

Payment Authorization #76
5/15/2018

Item	Payee	Invoice Number	General		
No.			Fund		

1	
Supervisors Fees
Rennie Heath	

05.10.2018	
$	200.00		
	Scott Shapiro	05.10.2018	$	200.00		
	Brian Walsh	05.10.2018	$	200.00		
	Joel Adams	05.10.2018	$	200.00		
	Jeffrey Shenefield	05.10.2018	$	200.00		
2	Business Observer
Legal Ad - 04.27.2018	
18-00698K	
$	51.00		
3	Deluxe
TP COD Checks	
02042479261	
$	205.08		
4	Lakeland Electric
Billing Date 05.02.2018	
3555224.2018.05	
$	263.12		
	Billing Date 05.02.2018	3555225-2018.05	$	382.12		
5	Carr Riggs & Ingram
Second Progress Billing - Audit FY17	
16464555	
$ 1,750.00		
6	Hopping Green & Sams
Legal Services through 03.31.2018	
99882	
$ 4,769.16		
		
TOTAL	
$ 8,420.48		

Chairperson

Towne Park Community Development District

Date of Meeting: May 10, 2018

Board Members:	

Attendance	

Fee	
1. Rennie Heath	X (p)	$200		

2. Scott Shapiro	
 	X (p)		
$200		

3. Brian Walsh	
X	
$200		

4. Joel Adams	
X	
$200	

5. Jeffrey Shenefield	

X	

$200	

 	$1,000	

Approved For Payment:
4,i CJJ
 	IS/,'>,_/\%
Date   7	,

INVOICE
Legal Advertising Invoice # 18-00698K

Business Observer
1970 Main Street 3rd Floor
Sarasota, FL 34236
OA 1   0()1.:  O''l Of.  .,']")")

Date 04/27/2018

Attn:
Fishkind & Associates, Inc. 12051 CORPORATE BLVD.
ORLANDO FL 32817

Description ..
;Serial # 18-00698K
iNotice·of ;Q p,-.d of Su.petvis9r:S' M. tiµg
!RE: Towne Park Communfty DevelopmentDlstrlct
iPubllshed: 4/27/2018	..	.

1.   "-	..  "	--·•-·'"-·-- --

Please make checks payable to; (Please note Invoice # on check) Business Observer
1970 Main Street 3rd Floor
Sarq_s t , FL 4236

Amount
...	i
$51.00	I

-	,,      ,,_,  ·.,   .   ...-  ---"•.--'--. ----.•--··•..... .- .._._..,        ,_ ,

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lmpotttOifes$ g t ·.

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 		·-··. ·T'···•·-··---······"-·'·········· ...... ·	·.--,.
Paid!	.
Total I_    ,,.. _·_ $_SJ  -Q . _	i
Payment Is expected within 30 days of the first publication date of your notice.

Attention: If you are a government agency and you believe that you qualify for a 16% discount to the second Insertion of your notice per F.S. revision 50.081, please Inform Kristen Boothroyd dlrectly at 941-908-93B8 x323.

NOTICE

. "\

The Business Observer makes every effort to ensure that its public notice 11dvertising is accurate and in full compliance with all applicable statutes and ordinances and that its infonnation is correct. Nevertheless, we ask that our advertisers scrutinize published ads carefully and alert us immediately to any errors so that we may correct
 	them as soon.as possible, We cannot accept responsibility for mistakes beyond benring the cost of republishing advertisements that contain errors.	

INVOICE
Legal Advertising

Business Observer
1970 Main Street
3rd Floor
Sarasota, FL 34236
n    1    nn,;  n''lot: .,'l">">

T01111c Park Community D.--elopmcnl District Noll of
Board ofSuporvl,or.,' Meeting Th• Bon rd or Supervisors or the Towne
Park Community Development Dls­ lric! ("Boord") will hold n meeting on 'fhur.1day, May 10, 2018 at llJ00 a.m. at the offices or Hlghl1U1d Homes lo­ CRted Ill 3020 S, FloridnAve, Suite 101, Lakelond, Floridn 33803, The meeting is open to the public and will be con• ducted In acoordonce with provision or Flo1ido Low related lo Special Dls­ trictt. The meeting may he continued in progr,,s withont eddltl □n•l notlco to • time, d•te nncl location slnted 011 the record.
A copy or the •genda for the meet­
ing mny he ohl!llned at the offices oflhe
Dbtrict Man•ger, Flahklnd & Associ­ ntc.s. Inc., lacatecl nt I'.l051 Corporate llll'd., Orlando 32817, (407) 3B2-32M, during norm•I bnsines.s hours,
There m•y ho occaaion, when slflff or other lndivlduRls may participate by speaker telephone.
Any per<on requiring specll\l w:,om­ modotlone at these meetings bec«u,e of • disability or physical Jmpairmont
,hould  contnot  the Dutrlet Office •t
(407) 382-32Jia at leMt forty-eight (18) hours prior to the mooting. lf}'lu are hearing or speech hnpolred, ple0-se con• t ct the l'lodda Relny Servlcs, at1-800-
955-8770, for n!d in contncllng the Di•• trtctOffice,
Bach pmon who decides to appeal
nuy decision mndo by the Donal with respect to MY mnttcr considered nt the meeting is advised thnt person will uccd n 1-eoord or the proceeding, nnd that nC<Ordingly, tho pmon may need to ensure thnt a vcrbotim re<X>rd of tho proceedings ie made, Including tho tes­ thnony nnd evidence upon which sucl1 nppenl I, to be based,
Jane Gnarlnndt
District Mllunger
A!Jt:il 27, 20m,	18:00.69.8

:,/"'

Attention: tr you are a government agency and you belleve that you qualify tor a 15% discount to the second Insertion ot
your notice per F,S, revision _50,0B1, please Inform Kristen Boothroyd dlreclly at 941-906-9386 x323.
NOTICE

The Business Observer makes every effort to ensure that its public notice advertising is accurate and in full compliance with all applicable statutes and ordinances and that its infonnation is correct, Nevertheless, we ask that our advertisers scrutinize published ads carefully and alert us immediately lo any errors so that we may correct
 	them .as soon as:/ihs$ibfo, We cannot t\Ccliptr<i$p'onslbillty for mistakes biyiintl b11nrhlg_tlie cost of nipub.Hshl,ig advertisements that contain errors.

:)DELUXE

DELUXE
P.O. BOX 742572 CINCINNATI, OH 45274-2572

Invoice
SALES & CUSTOMER SERVICE
800-328-0304
ONLINE: deluxe.com/shop

B	TOWNE PARK COMMUNITY
I	12051  CORPORATE  BLVD

L

L	ORLANDO  FL  32817-1450

T
0

s	TOWNE PARK COMMUNITY
12051 CORPORATE BLVD

p

ORLANDO FL  32817-1450

T
0

CUSTOMER NAME
I	TOWNE PARK COMMUNITY

Terms - net 15 days, $30 late fee, subject to applicable law All sales are subject to the terms of sale enclosed

th	lMHf,m,UmhMIA	(t3l1:11t)i!il=l:lltl	ORDER NUMBER	PO NUMBER	ll ifltlM#INIJi!Jl:J=lt1	INVOICE DATE	.:·

		
500	05/08/2018	FRT	DLT104-1	LASER TOP M/P CK UNLINED		199.99	
500	05/08/2018			EZSHIELD PLUS		21.75	
1	05/08/2018	FRT	ECHECK$	ECHECK $1		0.00	
	SUBTOTAL		221.74	
	DOLLARS OFF PROMO		-50.00	
	SHIPPING & PROCESSING		20.84	
	TAX		12.50	
	TOTAL		205.08	
	PREPAID		-205.08	

I	SHEILA	I    406  -69  6oJl	2042479261   J	02042479261	1	05/09/2018 	I

QUANTITY	SHIP	SHIPPED
,SHIPPED	DATE	VIA

ITEM NUMBER

DESCRIPTION	AMOUNT DUE

... ,

For W9 request, send an email to: w9_compliancerequests@deluxe.com FOR YOUR RECORDS ONLY	.	.

I
I1

$0.00

.	1

•1DELUXE

I   	

YOUR CHECKING ACCOUNT **.. 0498 WILL BE CHARGED THANKYOUFORYOURORDER

BALANCE DUE

 	

DELUXE
P.O. BOX 742572 CINCINNATI, OH 45274-2572

Pay   online   at paydeluxeforbusiness.com to authorize payment via a debit to your checking account or· credit card for a nominal fee.

1	128	2042479261	994065694560007	0000000000	4

 	E/LECTRUC 	Billing Date:	05/02/2018	
POWERED FOR LIFE	Account Number :	3555224	
Retain This Portion For Your Records	Total Amount Due :	$ 263.12	
	Payment Due Date :	05/30/2018	
Service Location:
5107 WHITE EGRET LN # W/I LAKELAND, FL 33811 US	Payments/Credits since· Last Bill :	$-213.66
Previous Balance was a Credit :	$-4.27	

Itemized Charges

Total Charges

Water Irrigation
Irrigation  Commercial   Inside  Monthly Base Charge	$
Water-1000   gal    - 13@ 2.5	$
Water-1000 gal  - 19@ 3.13	$
Water-1000  gal   -  31 @  4.07 ... ,	$
Inside   the  City Utility Tax	$
Current  Water Irrigation Charges................................

24.94
32.50
59.47
126 .17
24.31

$

267.39

TOTAL CURRENT CHARGES · $

267.39

TOTAL AMOUNT SUBJECT TO PENALTY AFfER 05/30/2018

$

263.12

www.lakelandelectric.com
Please make checks payable to Lakeland Electric P.O. Box 32006 Lakeland, FL 33802-2006 834-9535

LB180502_0-201·0(}()()()4003
Please return this stub along with your payment and note the account number on your check or money order to ensure proper credit to your account.

'LAKELAND
ELECT RHC

Account Number :
Total Amt Due 05/30/2018 Amount Enclosed:

3555224
$ 263.12

ISIT OUR NEW EXPRESS  PAY KIOSKS
ayments will post to your account immediately.

Scan this QR code at our Express Pay kiosk
to go directly to your account

.-

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-  h■	_.   :.- ...

.....

POWERED FOR LIFE

•.T "-•
.t:'t•'1t".'J".'·:
..,, _:'fr.:
23

000146 000004093
tit•MIiiitIt111 m1111l1111111111ll11111ilh lt111lil111lt111111  8
TOWNE PARK COMMUNITY DEVELOPMENT DIST 12051 CORPORATE BLVD
ORLANDO FL 32817-1450

Please note address changes on the back of the payment stub.

V
P

Please see back of stub for kiosk locations.

r:,  -.,:.	.
l!:J I •	•

WLAKELAND

0 000000000026312 000000035552249 0 000000000026312 000000035552249

3/

  	# LAKELAND

Billing Date:	05/02/2018	
Account Number :	3555225	
Total Amount Due :	$ 382.12	
Payment Due Date :	05/30/2018	
Payments/Credits since Last Bill :	$-415.13	
Previous Balance was a Credit:	$ -6.15	

EILECTRIC
---------  --R LIFE
Retain This Portion For Your Records

Service Location:
3606 PEREGRINE WY# W/1
LAKELAND, FL 33811 US

Water Irrigation

Itemized Charges

Total Charges

Irrigation
Water-1000	Commercial    Inside  Monthly   Base  Charge .................$ 	24.94
gal    -  13   @   2.5	........................................$ 	32.50		
Water-1000	gal    -  19@   3.13.......................................$ 	59.47		
Water-1000	gal - 58 @ 4.07.......................................$	236.06		
Inside the	City Utility Tax ......................................$	35.30		
Current	Water I rri gation Charges. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	$	388.27	
	
TOTAL CURRENT CHARGES	
$	388.27	
	
TOTAL AMOUNT SUBJECT TO PENALlY AFTER 05/30/2018	
$	382.12	

www.lakelandelectric.com

LB180502_0-203-000004003

------------P-lea-se-m-a-ke-c-he-ck-s -pa-ya-ble-t-o L-a-ke-lan-d-El-ec-tric-P-.O-.-Bo-x-32-00-6-La-ke-la-nd-, F-L-33-80-2--20-06-8-34--9-53-5------------
Please return this stub along with your payment and note the account number on your check or money order to ensure proper credit to your account.

- "'LAKELAND
 	E!LECJ'RIC 

Account Number :
Total Amt Due 05/30/2018
Amount Enclosed:

3555225
$ 382.12

POWERED FOR LIFE

:
...
23

000147 000004093
1l11l1111111l111111111•111••11 1111•1111111•111l111•1•1•••111111 11
TOWNE PARK COMMUNITY DEVELOPMENT DIST 12051 CORPORATE BLVD
ORLANDO FL 32817-1450

Please note address changes on the back of the payment stub.

VISIT OUR NEW EXPRESS  PAY KIOSKS
Payments  will post to your account immediately.

Scan this QR code at our Express Pay kiosk
to go directly to your account

Please see back of stub for kiosk locations.

r:11..·.:-■1

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□ □□□□□□□□□□ 38 212 □□□□□□□ 35552	256 □ □□□□□□□□□□ 38212 □□□□□□□ 3555	2256

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.

16464555 (include on check) 04/30/2018
20-05337. 000

Professional services rendered as follows:

Second progress billing on audit of financial statements
as of September 30, 2017.	$	1,750.00

0 · 30	31- 60	61 - 90	91 - 120	Over 120	Balance	
1,_750,00	0,00	0.00	0.00	0.00	1,_750.00	

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

Invoice Date:  04/30/2018	Client No: 20-05337
Invoice Number:   16464555    Total Amount Due:  $	1,750.00	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.

l--lopping Green & Sams
Attorneys and Counselors

119 S. Monroe Street, Ste. 300
P.O. Box 6526 Tallahassee, FL 32314
850.222.7500
================================= STATEMENT =================================
April 25, 2018
Towne Park Community Development District	Bill Number	99882	
c/o Fishkind & Associates	Billed through	03/31/2018	
12051 Corporate Boulevard		
Orlando, FL 32817		

General Counsel/Monthly Meeting
TPKCDD	00001	RVW		

FOR PROFESSIONAL SERVICES RENDERED
03/01/18	SSW	Prepare resolution declaring assessments and setting public hearing; confer with Gaarlandt regarding same.

1.70 hrs

03/01/18	AHJ

03/06/18	SSW

03/07/18	RVW

03/08/18	RVW

03/08/18	RVW

03/08/18	SSW

03/08/18	AHJ

03/09/18	SSW

03/21/18	RVW

03/29/18	SSW

Prepare construction management agreement; attend development status conference call.

Prepare comments to first amendment to engineer's report; confer with Hertz regarding same; confer with Plenzler regarding amended and restated master assessment methodology; prepare resolution levying assessments and resolution setting public hearing.

Travel to Polk County.

Attend development status conference call. Prepare for and attend board meeting.
Conduct meeting follow-up.

Attend development status conference call.

Prepare mailed and published assessment hearing notices; confer with Wertz regarding legal description of same; confer with Plenzler and Gaarlandt regarding assessment information and transmittal of same.

Prepare for and attend board meeting.

Follow-up regarding continuing disclosure filing.

1.00 hrs

3.40 hrs

1.30 hrs

0.10 hrs

2.20 hrs

0.40 hrs

0.20 hrs

4.10 hrs

2.80 hrs

0.30 hrs

Total fees  for this matter	$4,487.50

DISBURSEMENTS
Document Reproduction	115.50	
Travel	166.16	
Total disbursements for this matter	$281.66	

General Counsel/Monthly Meetin	Bill No. 99882	Page 2
===----===----====---======---------====---==------=====--=============================
MATTER SUMMARY

Jaskolski, Amy H. - Paralegal	1.20 hrs	145	/hr	$174.00	
Van Wyk, Roy	6.40 hrs	295	/hr	$1,888.00	
Warren, Sarah S.	9.90 hrs	245	/hr	$2,425.50	
TOTAL FEES	$4,487.50	
TOTAL DISBURSEMENTS

TOTAL CHARGES  FOR THIS MATTER	$281.66
·------------
$4,  769 .16	

BILLING SUMMARY

Jaskolski, Amy H. - Paralegal	1.20 hrs	145	/hr	$174.00	
Van Wyk, Roy	6.40 hrs	295	/hr	$1,888.00	
Warren, Sarah S.	9.90 hrs	245	/hr	$2,425.50	
TOTAL FEES	$4,487.50	
TOTAL DISBURSEMENTS

TOTAL CHARGES FOR THIS BILL	$281.66
-------------
$4,769.16	

Please include the bill number on vour check.

1-lopping Green & Sams
Attorneys and Counselors

April 25, 2018

Towne Park Community Development District c/o Ms. Jane Gaarlandt
Fishkind & Associates, Inc. 12051 Corporate Boulevard
Orlando, Florida 32817

Re:	Towne Park Community Development District Dear Jane:
Enclosed please find our billing statements on behalf of the Towne Park Community Development District (the "District"), for services rendered and expenses incurred through the month of March, 2018. Please remit payment as soon as possible.

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

Sincerely,

RVW/lk Enclosures

Post Office Box 6526	Tallahassee, Florida 32314	119 S. Monroe Street, Suite 300 (32301)	850.222.7500	850.224.8551 fax	www.hgslaw.com

TOWNE PARK
COMMUNITY	DEVELOPMENT	DISTRICT

Payment Authorization #77
5/29/2018

Item		Payee	Invoice Number	General No.	 				Fund	

1	Floralawn
Irrigation R&M	
79862	
$	261,56	
2	Fishkind & Associates
OM Fee and Reimbursables - 2018.05	
22709	
$ 2,360.12	
3	Hopping Green & Sams
Legal Services through 04.30.2018	
100465	
$ 3,729.71	

TOTAL	$ 6,351.39

Chairperson

floralawn P.O. Box 91597
Premier  Lawn & Pest	Lakeland, FL 33804

Invoice

$261.56

Balance Due

$261.56

Total

Thank you for your business.

261.56

261.56

Service Completed: 3/13/18

I Inspected the irrigation system. Repaired the main line and wires.

1

Amount

Rate

Description

Quantity

'I

Due on receipt

Project

Terms

P.O. No.

Date	Invoice#	
3/22/2018	79862	

Bill To

Towne Park CDD 3020 S Florida Ave Lakeland, FL 33803

Phone#	Fax#	Web Sile	
863-668-0494	863-668-0495	www.floralawn.com	

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

Towne Park OM
c/o Fishkind & Associates, Inc.
12051 Corporate Blvd.
Orl€3ndo, FL 32817

FISHKIND

& ASSOCIATES

Invoice

Invoice#: 122709

5/16/2018

File: TowneParkDM

Towne Park COD

Services:	Amount	
District Management Fee: May 2018	2,083.33	
Website Fee	75.00	
Postage	4.23	
UPS	10.46	
Copies	161.25	
Conference Calls	25.85	

.		

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	$2,360.12

pltney bowe0s

Account Summary Report

Date Range: April 1, 2018 to April 30th, 2018 Meter Group: All Meters
Meter 1WOO - 1376538 OLD at ORLANDO, FL
 Meter 4WOO - 0347354 at ORLANDO, FL	
Meter Details

 	.  Location··	    -,: 'I- ·_"Meter Name-·   I--.

Serial Number I 'pbp AcCQu11t"Number

ORLANDO,FL ORLANDO,FL

:4woo-03473s,i	\0347354	,24975470
'lWOO - 1376538 OLD  :1376538	;24978470

[
:rowne Park CDD

Account Summary
'·-AcCOuiit · -	I	s1.Jb. At Oi.int_t	Pl&e.s- -?I
9!

i Total Charge4 : ]
$4,230;

G.ra.nd Tota I	$4,230]

lnvoiceNo Invoice Date Account No Account
Invoice Detail

1804049764
04/04/2018
W203899987/1Y9R28 FISHKIND & ASSOClA TES

Billing	List  Discount
Price	Price

HMii,Towne	\.,\	1 count	Sub Total	12.45

UPS No: 121Y9R280392711843	Shipper	Receiver	Freight	11.71	9.37	
Pickup Date	03/23/2018
Service Level	Commercial Ground	F!SHKIND  & ASSOCIATES
12051 CORPORATE BLVD	U.S. BANK, N.A.-CDD
EP-MN-01LB	Fuel Surcharge	0.74	0.59	
Weight	1 lb	ORLANDO	1200 ENERGY PARK DRIVE				
Zone	006	FL32817	SAlNTPAUL				
Payer	Shipper		MN 55108				
	AMANDA LANE	L0CKBOX SERVICES-12·				
			Total	12.45	9.96	
Bill Reference: HMii, Towne						

v
'J.
\

UPS No: 1Z1Y9R280395694705	Shipper	Receiver	Freight	11.71	9.37	
Pickup Date	03/29/2018
Service Level	Commercial Ground	FfSHKIND & ASSOCIATES 12051 CORPORATE BLVD	; ·U.S. BANK, N.A.-CDD
EP-MN-01LB	Fuel Surcharge	0.74	0,59	
Weight	1 fb	ORLANDO	1200 ENERGY PARK DRIVE				
Zone	006	FL 32817	SAINT PAUL				
Payer	Shipper		MN 55108				
	AMANDA LANE	LOCKBOX SERVICES-12-	
Total	
12.45	
9.96	

----

Bill Reference: AN,BH,BIC,HMii,LRSD,PaRd,Sil,Towne
-------A-N,-BH-,Bl-C,H-Mi-i,LRSD,PaRd,Sil,Tow e  \	1  count

Sub Total

1/

12.45

	Freight
Fuel Surcharge	9.94
0.63	7.95
0.50	
	Total	10.57	8.45	

-UP-S-N-o:  1-Z1-Y9R28039636904-7---Shipper  ------··---R-eceiver
Pickup Date	03/23/2018	FISHKIND & ASSOCIATES	CASSIDY HOLDINGS LLC
Service Level      Commercial  Ground    12051 CORPORATE BLVD	346 EAST CENTRAL AVENUE Weight	1 l_b.  ..	• ...OFJJ,.81':..JDO	WINTER HAVEN
Zone	002	FL'32817.	FL 33880

Payer .    ;, · '· ·-Shipper·  ·-	.	JANE GAARLANDT. . .
Bill Reference: Holly Hill Road East/Towne Park

... . .	.PHIL.LIP.ALLENDE...

\

Holly Hill Road East/Towne Park   V\	1 count	Sub Total	10.57
3

Copy Count

Account:	JC}\N.	ht: 	Rlx L
Amount of Copies:	LO75	
Total$:	lle(. cs

Month:April

fflVLIC.rtAI UK.	..,..._,I.._, f .._,.._, V1.,,1,11- ..._.1.,,1,\,..tJ J'-'1111"-"'-

b3/08/2018	18636620018	
03/08/2018	18132541763	
03/08/2018	18633243698	
03/08/2018	18633243698	
)3/08/2018	18132541763	
P3/os;201s	14073752698	
03/08/2018	4079992522	
03/08/2018	3055790886	
)3/08/2018	18132503535	

1	20	0.09/MIN	1.80		
1	20	0.09/MIN	1.80	p.46	
1	2	0.09/MIN	0.18	0.05	
	14		1.26	
0.32	
1	31	0.09/MIN	2.79	
0.71	
1	27	0.09/MIN	2.43	
0.62	
1	27	0.09/MIN	2.43	
0.62	

	19	0.09/MIN	1.71	'7.43	4.33	
l	23	0.09/MlN	2.07			
1	21	0.09/MIN	1.89			
	20	0.09/MIN	1.30			

LV'-1'1.l 1"-'1'1

BILLING REF# 1
BILLING REF# 4

BILLING REF# 2

BILLING REF# 3

CONF. NO
1977510

COST CENTER

CONF. DATE

CONF. TITLE/ NAME/ ANI

TIME	SERVICE
9:28AM • 9:48AM GLOBALMEET® AUDIO

ACCESS lYPE
OLL FREE

PERSONS UNITS

RATE

CHARGE

CALL TOTAL

9:28AM • 9:48AM GLOBALMEET® AUDIO

OLL FREE

9:34AM • 9:36AM GLOBALMEET® AUDIO

OLL FREE

9:34AM • 9:48AM GLOBALMEET@ AUDIO

1977510

OLL FREE

10:56AM • 11:27AM GLOBALMEET® AUDIO

-33

[l"OLL FREE

11:00AM • 11:27AM GLOBALMEET® AUDIO

il"OLL FREE

11:00AM • 11:27AM GLOBALMEET® AUDIO

OLL FREE

11:04AM • 11:27AM GLOBALMEET@ AUDIO

OLL FREE

1

23

0.09/MIN

2.07

p.52

11:08AM • 11:27AM GLOBALMEET@ AUDIO

1977510

OLL FREE

\ •• I:_')

,

(. "'-'-('} < ,;<::'v'P3/08/201s

f.\ , J3/08/2018

11:26AM • ll:49AM GLOBALMEET® AUDIO

OLL FREE

4079992522

11:28AM • 11:49AM GLOBALMEET@AUOIO

[l"OLL FREE

"-.\_\• -·

' '' •

03/08/ D

14073752698

11:29AM • 11:49AM GLOBAUvlEET® AUDIO

!-

..

tOLL FREE

'-'  ,I    ,...  n'Ca"O:Tff-_q----	-r •'•	--•-----	·----- -------- .. -

•- M -·	·------ -
---·-·---·1------ .. -  - ..   ---·- -	----·· ·-·-----	-

CONF. NO	COST CENTER	CONF. DATE	CONF. TITLE/ NAME/ ANI	TIME	SERVICE	ACCESS	lYPE	PERSONS	UNITS	RATE	CHARGE	TAX	CALL TOTAL	
	lJiliJ \ (9-Sl .i)/ fSOt	/08/2018	3055790886	11:29AM • 11:49AM	GLOBALMEET@ AUDIO	11 OLL FREE	1	20	0.09/MIN	1.80	p.46	1 1.74	
1977510	n.	,/J ,-"\,: t A /"\
(..\\ /·U l v,H ,.v ,v	03/13/2018	14073752698	5:57PM • 6:01PM	GLOBALMEET® AUDIO	IJ"OLL FREE	1	4	0.09/MIN	0.36	0.09	Q.45	
1977510	1	-	03/13/2018	14073752698	5:59PM • 6:43PM	GLOBALMEET® AUDIO	IJ"OLL FREE	1	44	0.09/MIN	3.96	.01	f',.97	
													
1977510	---<	b3/19/2018	14073752698	4:57PM • 5:35PM	GLOBALMEET@ AUOIO	OLL FREE	1	38	0.09/MIN	3.42	0.87	

2.41	
	\J. '\\/\' \ \ -'	)3/19/2018	14078489712	4:58PM • 5:35PM	GLOBALMEET® AUDIO	OLL FREE	1	37	0.09/MIN	3.33	b.84		
	I  \  i.	' .:v-	33/19/2018	4072745193	5:00PM • 5:3 5PM	GLOBALMEET® AUDIO	OLL FREE	1	35	0.09/MIN	3.15	0.80		
1977 510	./.	)3/21/2018	18633243698	9:57AM • 11:25AM	GLOBALMEET® AUDIO	OLL FREE	1	BB	0.09/MIN	7.92	.01	

45.59	
	'-,	(\   \,/  /	J3/21/2018	7703789695	9:58AM • 11:26AM	GLOBALMEET® AUDIO	OLL FREE	1	88	0.09/MIN	7.92	.01		
		)3/21/2018	18636197103	9:58AM • 10:43AM	GLOBALMEET® AUDIO	OLL FREE	1	45	0,09/MIN	4.05	-03		
		33/21/2018	18136217841	9:59AM • 11:11AM	GLOBALMEET® AUDIO	[l"OLLFREE	1	72	0.09/MIN	6.48	.65		
	.\   .'-.	''·	03/21/2018	18639402040	10:29AM • 11:25AM	GLOBALMEET@ AUDIO	ifOLL FREE	1	56	0.09/MIN	5.04	.28		
	.,  \ flt   ,.,\	r- \ \J Li'
\/ '	p3/211201s	4073823256	10:40AM • 11:25AM	GLOBALMEET® AUDIO	OLL FREE	1	45	0.09/MIN	4.05	.03		
	\"-\'\.,) \	\ )	P3/21/2018	8636608818	10:41AM • 10:51AM	GLOBALMEET® AUDIO	OU FREE	1	10	0.09/MIN	0.90	0.22		
1977510	"\,\ 	I
-	P3/21/2018	18636197103	12:28PM• 1:07PM	GLOBALMEET® AUDIO	OLL FREE	1	39	0.09/MIN	3.51	0.89		
	'	, 1,'·'"- ,,/	P3/21/2018	7703789695	12:29PM • 1:07PM	GLOBALMEET® AUDIO	OLL FREE	1	38	0.09/MIN	3.42	0.87		
	\												
	/\·•f,· ,n\.1··	03/21/2018	3055790886	12:29PM • 12:46PM	GLOBALMEET® AUDIO	OLL FREE	1	17	0.09/MIN	1.53	0.39		
													
	I-.,.	33/21/2018	4079992522	12:37PM • 12:45PM	GLOBALMEET® AUOIO	OLL FREE	1	8	0.09/MIN	0.72	0.19	11.52	
		03/31/2018		7:59PM	!MEET PLUS· MONTHLY			1	29.00/EACH	29.00	i:,.oo	!29.00	
TOTAL PRE-TAX	114,52	TOTAL USF[OTHER	21.75	TOTAL STATE TAX/0TH ER	o.oo	TOTAL MODERATOR CHARGES	USDS136.3£1:
.... -  -  ..	--

l--lopping Green & Sams
Attorneys and Counselors

119 S. Monroe Street, Ste. 300
P.O. Box 6526
Tallahassee, FL 32314
850.222.7500
================================= STATEMENT =================================
May  22, 2018
Towne Park Community Development District	Bill Number	100465	
c/o Fishkind & Associates	Billed through	04/30/2018	
12051 Corporate Boulevard		
Orlando, FL 32817		

General Counsel/Monthly Meeting		
TPKCDD	00001	RVW		

FOR PROFESSIONAL SERVICES RENDERED
04/02/18	RVW	Confer with chairman regarding amenity policies.

0.30 hrs

04/02/18	AHJ

04/03/18	AHJ

04/04/18	SSW

04/04/18	AHJ

04/05/18	RVW

04/05/18	AHJ

04/06/18	RVW

04/06/18	SSW

04/09/18	SSW

04/09/18	AHJ

04/11/18	SSW

04/11/18	AHJ

04/12/18	RVW

04/12/18	SSW

Prepare amenity policies and procedures.

Prepare amenity policies and procedures; confer with Gaarlandt regarding same.

Prepare comments to draft meeting minutes and meeting agenda.

Prepare 170.08 assessment resolution; confer with Quattlebaum regarding legal description of parcel requiring construction easement.

Review and edit meeting minutes and draft agenda; review and edit assessment resolutions.

Confer with Quattlebaum regarding legal description to temporary construction easement; prepare 170.08 assessment resolution; prepare amenity policies and procedures.

Confer with Heath and Haines City regarding consent for off-sites. Review comments to amenity policies; prepare revisions to same.
Prepare correspondence to working group regarding budget preparation; confer with Gaarlandt regarding same.

Prepare temporary construction and access easement agreement.

Prepare revised amenity policies regarding comments from chairman and staff; confer with Gaarlandt regarding inclusion of same In agenda package; prepare for board meeting.

Finalize temporary construction and access easement agreement; finalize amenity policies and procedures.

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

0.20 hrs

0.50 hrs

0.60 hrs

1.20 hrs

1.20 hrs

2.30 hrs

0.40 hrs

1.10 hrs

0.40 hrs

0.60 hrs

2.20 hrs

2.10 hrs

2.10 hrs

0.40 hrs

General Counsel/Monthly Meetin	Bill No. 100465	Page  2
==-----======-====---===-----====---======-============================================

04/13/18	AHJ

04/17/18	AHJ

04/23/18	AHJ

04/25/18	LAK

04/27/18	JLE

Confer with Gaarlandt regarding amenity policies and procedures.

Prepare updates to district file regarding recorded temporary construction and access easement agreement; prepare correspondence to Gaarlandt regarding same.

Prepare updates to district file regarding resolution adopting amenity policies and procedures.

Prepare response to auditor letter request.

Review auditor request letter and response to same; follow-up regarding same.

0.10 hrs

0.30 hrs

0.20 hrs

1.20 hrs

0.20 hrs

Total fees for this matter	$3,601.00

DISBURSEMENTS
Document Reproduction Travel

Total disbursements for this matter

33.00
95.71

$128.71

MATTER SUMMARY

Jaskolski, Amy H. - Paralegal	7.50 hrs	145	/hr	$1,087.50	
Earlywine, Jere L.	0.20 hrs	310	/hr	$62.00	
Kuehlke, Lou Ann - Legal Asst	1.20 hrs	100	/hr	$120.00	
Van Wyk, Roy	4.00 hrs	295	/hr	$1,180.00	
Warren, Sarah S.	4.70 hrs	245	/hr	$1,151.50	
TOTAL FEES	$3,601.00	
TOTAL DISBURSEMENTS

TOTAL CHARGES  FOR THIS MATTER	$128.71
·------------
$3,  729.71	

BILLING SUMMARY

Jaskolski, Amy H. - Paralegal	7.50 hrs	145	/hr	$1,087.50	
Earlywine, Jere L.	0.20 hrs	310	/hr	$62.00	
Kuehlke, Lou Ann - Legal Asst	1.20 hrs	100	/hr	$120.00	
Van Wyk, Roy	4.00 hrs	295	/hr	$1,180.00	
Warren, Sarah S.	4.70 hrs	245	/hr	$1,151.50	
TOTAL FEES	$3,601.00	
TOTAL DISBURSEMENTS

TOTAL CHARGES FOR THIS BILL	$128.71
----------------
$3,729.71	

Please include the bill number on vour check.

Towne Park Community Development District

Monthly Financials

Towne Park CDD Statement of Financial Position
As of 5/31/2018

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

Current Assets	Assets		
General Checking Account	$37,845.13				$37,845.13	
Deposits	2,700.00				2,700.00	
Debt Service Reserve Bond		$208,887.50			208,887.50	
Revenue Bond		10,481.68			10,481.68	
Prepayment Bond		171,218.30			171,218.30	
Accounts Receivable - Due from Developer			$12,373.37		12,373.37	
Acquisition/Construction Bond			3,424.06		3,424.06	
Total Current Assets	$40,545.13	$390,587.48	$15,797.43	$0.00	$446,930.04	

Investments						
Amount Available in Debt Service Funds			$390,587.48	$390,587.48	
Amount To Be Provided			2,269,412.52	2,269,412.52	
Total Investments	$0.00	$0.00	$0.00	$2,660,000.00	$2,660,000.00	
Total Assets	$40,545.13	$390,587.48	$15,797.43	$2,660,000.00	----$--3,106,930.04	
	Liabilities and Net Assets				
Current Liabilities					
Accounts Payable		$12,373.37		$12,373.37	
Total Current Liabilities	$0.00	$0.00	$12,373.37	$0.00	$12,373.37	

Long Term Liabilities						
Revenue Bonds Payable - Long-Term	$2,660,000.00	$2,660,000.00	
Total Long Term Liabilities	$0.00	$0.00	$0.00	$2,660,000.00	$2,660,000.00

Total Liabilities	$0.00	$0.00	$12,373.37	$2,660,000.00	$2,672,373.37

Net Assets
Net Assets - General Government	$4,088.57			$4,088.57	
Current Year Net Assets - General Government	36,456.56			36,456.56	
Net Assets, Unrestricted		$257,385.71		257,385.71	
Current Year Net Assets, Unrestricted		133,201.77		133,201.77	
Net Assets, Unrestricted			$3,419.68	3,419.68	
Current Year Net Assets, Unrestricted			4.38	4.38	

Total Net Assets

$40,545.13	$390,587.48	$3,424.06	$0.00 

--- $434,556.67

Total Liabilities and Net Assets	$40,545.13	$390,587.48	$15,797.43	$2,660,000.00	$3,106,930.04

Revenues

Towne Park CDD Statement of Activities As of 5/31/2018

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

Off-Roll Assessments	$116,412.20				$116,412.20	
Off-Roll Assessments		$595,374.02			595,374.02	
Developer Contributions			$21,623.37		21,623.37	
Total Revenues	$116,412.20	$595,374.02	$21,623.37	$0.00	$733,409.59	

Expenses

Supervisor Fees	$3,800.00				$3,800.00	
D&O Insurance	2,356.00				2,356.00	
Trustee Services	2,788.03				2,788.03	
Management	16,666.64				16,666.64	
Dissemination Agent	4,000.00				4,000.00	
District Counsel	13,677.00				13,677.00	
Audit	5,750.00				5,750.00	
Telephone	34.09				34.09	
Postage & Shipping	144.63				144.63	
Copies	510.45				510.45	
Legal Advertising	2,092.97				2,092.97	
Miscellaneous	205.08				205.08	
Web Site Maintenance	600.00				600.00	
Dues, Licenses, and Fees	175.00				175.00	
Water	10,740.82				10,740.82	
General Insurance	2,946.00				2,946.00	
Landscaping Maintenance & Material	13,470.98				13,470.98	
Principal Payments Bond		$300,000.00			300,000.00	
Interest Payments Bond		162,621.88			162,621.88	
Engineering			$9,535.00		9,535.00	
District Gounsel			12,088.37		12,088.37	
Total Expenses	$79,957.69	$462,621.88	$21,623.37	$0.00	$564,202.94	

Other Revenues (Expenses} & Gains (Losses}						
Interest Income	$2.05				$2.05	
Interest Income		$449.63			449.63	
Interest Income			$4.38		4.38	
Total Other Revenues (Expenses) & Gains (Losses)	$2.05	$449.63	$4.38	$0.00	$456.06	
Change In Net Assets	$36,456.56	$133,201.77	$4.38	$0.00	$169,662.71	

Net Assets At Beginning Of Year	
$4,088.57	
$257,385.71	
$3,419.68	
$0.00	
$264,893.96	

Net Assets At End Of Year	

$40,545.13	

$390,587.48	

$3,424.06	

$0.00	

$434,556.67	

Towne Park COD
B udg  et to Actual
or  the  Month Ending 05 /31/20.  18

Year To Date

Actual	Budget	Variance	FY 2018
Adopted Budget

	$ 116.412 .20	$ 0 .0 0	$ 1 16 ,4 1 2. .2 0		$0   0.  0	
	0   0.    0	1 1 0 , 00 0 .0 0	( 1 10, 0 0 0 .0 0 )		1 65 ,00 0 .0 0	
	$   1 16  ,4   12   2.  0	$ 1 10 , 00 0 .0 0	$6 .4 '12 .2 0		$ 16 5 ,0 0 0 .0 0	
	$   3 ,8   00   0.    0	$2,666.67	$1,133.33		$4 .000 .00	
	2 .356 .00	1.666  .67	689.33		2 ,500.00	
	2,  788.03	2 ,666 .67	121.36		4  ,000.00	
	1,6666 .64	16  ,666 .67	(,00 3}		25 .000 .00	
	00.  0	(36,  6 6   .6 7	(6 ,6 6 6 .6 7 )		1 ,0 00 0 . 0 0	
	4 , 00 0 .0 0	0 . 0 0	4 ,0 0 0 .0 0		0   0.  0	
	13  .6 7 7   0.  0	16 ,6 6 6 .67	(2 .9 8 9 .67 )		2 5 ,0 0 0 .0 0	
	5, 7 50 .0 0	:3 ,3 33 .3 3	2 4,    '16   .6 7		5 .00 0 .0 0	
	0 .0 0	333.33	{333.33}		500 .00	
	340.  9	13 3.33	(99 .24 }		200.00	
	1 44 .6 3	10 0 .0 0	4 4 .63		15 0 .0 0	
	5 10 .45	'1 ,00 0 .0 0	(4 8 9 .55 }		1 ,5 0 0 .0 0	
	2 ,0 9 2 .97	3 ,3 3 3 .3 3	(1 ,24 0 .36 )		5, 0 0 0 .0 0	
	0 .00	16 6 .67	{166.67)		250 .00	
	2.  050.  8	!5.50 0 .00	(5 , 29 4 .9 2 )		8 , 25 0 . 00	
	6 0 0 .0 0	60 0 .0 0	0.00		900.0 0	
	175 .00	166 .67	8 .33		250.00	
	10,740 .82	0 .0 0	10  ,740  .82		0 .00	
	0 .00	6 .666  .67	{66,   66.67  )		10 ,000 .00	
	2 ,94 6 .0 0	1 ,66 6 .6 7	1 , 2 7 9 .3 3		2 , 50 0 .0 0	
	0 .00	3 ,3 3 3 .3 3	(-33.  3 3   .3 3  )		5 .0 0 0 .0 0	
	0 .00	6 .666  .67	(6,666.67)		10,000.0 0	
	13 ,47 0 .9 8	2 6 .6 6 6 .6 7	(13 . 19 5 .6 9 )		4 0 , 00 0 .0 0	
	0 .00	3 . 33 3 .3 3	{3 ,3 3 3 .33 )		5 ,0 0 0 .0 0	
	$7 9 ,9 57 .6 9	$1 1 0 .0 0 0 .0 0	$ ( 30 ,0 4 2 .3 1 )	$	165,000.00	
	179 ,957.69	1110,000.00	1{30,042.31}	§	165,000.00	
	$36 ,454 .51	$0.00	$36,4  54.5 1	$		
	
$2.05	
$0.00	
$2.05	
$		
	$2.05	$0.00	$2.05	$		
	$ 3 6 4 5 6 .5 6	$0.00	 	$364,    5 6   . .56		$