Towne Park Community Development District
12051 Corporate Boulevard , Orlando, FL 32817; 407.723.5900
www. townepa rkcdd .com

The following is the proposed agenda for the Board of Supervisors' Meeting for the Towne Park Community Development District, scheduled to be held Thursday, June 10, 2019 at 2:00 p.m. at the Offices of Highland Homes, 3020 S. Florida Avenue, Suite 101, Lakeland, Florida 33803. As always, the personal attendance of three Board Members will be required to constitute a quorum.

If you would like to attend the Board Meeting by phone, you may do so by dialing: Phone: 1-866-546-3377	Participant Code: 964985
PROPOSED BOARD OF SUPERVISORS' MEETING AGENDA

Administrative Matters
Roll Call to Confirm Quorum
Public Comment Period [for any members of the public desiring to speak on any proposition before the Board]
Consideration of Minutes of the May 9, 2019 Board of Supervisors Meeting Business Matters
Consideration of Resolution 2019-07, Declaring Special Assessments provided under separate cover)
Consideration of Resolution 2019-08, Setting Public Hearing on the Imposition of O&M Special Assessments [suggested date:7/11/19} (provided under separate cover)
Consideration of Matters Relative to Phase 3B {Riverstone Phase 2), Series 2019 Bonds
Supplemental Assessment Methodology Report
Resolution 2019-09, Delegation Resolution
o	Supplemental Indenture
Ratification of Payment Authorization No. 107 -108
Consideration of Monthly Financials Other Business
Staff Reports
District Counsel District Engineer District Manager
Supervisor Requests and Audience Comments Adjournment

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Towne Park Community Development District

Minutes

MINUTES OF MEETING

TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS' MEETING
Thursday, May 9, 2019 at 11:02 a.m. The Offices of Highland Homes 3020 S. Florida Avenue, Suite 101
Lakeland, Florida 33803

Board Members present at roll call:

Joel Adams Brian Walsh
Jeffery Shenefield Scott Shapiro

Jane Gaarlandt	PFM		
Sonali Patil	PFM	(via phone)	
Monica Sutera	PFM	(via phone)	
Jennifer Glasgow
Denise Abercrombie	PFM
Highland Homes	(via phone)	
Roy Van Wyk	Hopping Green & Sams, P.A.	(via phone)	
Michelle Rigoni	Hopping Green & Sams, P.A.	(via phone)	
Heather E. Wertz	Absolute Engineering	(via phone)	

Also Present:

FIRST ORDER OF BUSINESS

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

Call to Order and Roll Call

The meeting was called to order at approximately 11:02 a.m. The Board Members and staff in attendance are as outlined above.

SECOND ORDER OF BUSINESS	Public Comment Period

There were no members of the public present at this time.

THIRD ORDER OF BUSINESS		Consideration of the Minutes of the April 11, 2019 Board of Supervisors Meeting

The Board reviewed the minutes of the April 11, 2019 Board of Supervisors Meeting.

ON MOTION by Mr. Adams, seconded by Mr. Walsh with all in favor, the Board approved the Minutes of the April 11, 2019 Board of Supervisors Meeting.

FOURTH  ORDER OF BUSINESS		Consideration of Resolution 2019-06, Approving a Proposed Budget for Fiscal Year 2019-2020 and Setting a Public Hearing Date Thereon

Ms. Gaarlandt suggested the budget public hearing date for July 11, 2019.

Ms. Gaarlandt noted that the District is proposing an increase in the budget for the upcoming fiscal year pointing out that the changed line items in the proposed budget are highlighted.

Mr. Shapiro wanted to make sure that the budget is taking into account the existing amenities and the upcoming development of new amenities. A discussion ensued regarding the difference in phase number referencing between Riverstone and the District. Mr. Van Wyk recommended to go through the budget to ensure the District has sufficient proceeds before discussing how !t will be divided up amongst phases. Mr. Shapiro stated that the proposed budget is too !ow for the upcoming development of amenities and substantial landscaping. Mr. Adams mentioned that from his initial review, the amenities may begin construction in January and they could do some forecasting before adopting the budget. Ms. Gaarlandt explained that the District cannot adopt a budget higher than the approved proposed budget but it can be decreased. Mr. Adams suggested to double the pool and clubhouse line items to cover the upcoming amenities and increase the landscaping to $225,000.00. Mr. Shapiro suggested an increase from  $10,000.00 to $25,000.00 for pond maintenance, District Counsel fee up to $20,000.00 for upcoming bond validations, and increase the property insurance to cover the upcoming amenities to $20,000.00. Ms. Gaarlandt explained the website maintenance line item had increased due to the increases in the vendor's fee and ADA compliance auditing.

ON MOTION by Mr. Adams, seconded by Mr. Walsh, with all in favor, the Board approved Resolution 2019-06, Approving a Proposed Budget for Fiscal Year 2019-2020 and Setting a Public Hearing on Thursday, July 11,2019 at 11:00 a.m. at the Offices of Highland Homes, 3020 S. Florida Avenue, Suite 101, Lakeland, Florida 33803.

Mr. Shapiro requested that Ms. Glasgow send out the O&M Assessment Schedule to everyone, individually, to review the monthly fee per month per lot.

FIFTH ORDER OF BUSINESS		Consideration of Contract Agreement between the District and Polk County Property Appraiser

The Board reviewed the Contract Agreement between the District and Polk County Property Appraiser.

ON MOTION by Mr. Adams, seconded by Mr. Walsh, with all in favor, the Board approved the Contract Agreement between the District and Polk County Property Appraiser.

SIXTH ORDER OF BUSINESS		Consideration of Agreement between the District and Absolute Engineering, Inc. for District Engineering Services

Mr. Van Wyk explained that the agreement has the same terms and conditions as the interim agreement but establishes Absolute Engineering, Inc. as the District Engineer.

ON MOTION by Mr. Adams, seconded by Mr. Walsh, with all in favor, the Board approved the Agreement between the District and Absolute Engineering, Inc. for District Engineering Services.

SEVENTH ORDER OF BUSINESS	Consideration of Developer Funding Agreement (Riverstone Phase 2)

The Board reviewed the Developer Funding Agreement for Riverstone Phase 2.

ON MOTION by Mr. Adams, seconded by Mr. Walsh, with all in favor, the Board approved the Developer Funding Agreement for Riverstone Phase 2.

EIGHTH ORDER OF BUSINESS	Temporary Construction and Access Easement Agreement (Riverstone Phase 2)

The Board reviewed Temporary Construction and Access Easement Agreement for Riverstone Phase 2.

ON MOTION by Mr. Adams, seconded by Mr. Heath, with all in favor, the Board approved the Temporary Construction and Access Easement Agreement for Riverstone Phase 2.

NINTH ORDER OF BUSINESS	Third Supplemental Engineer's Report (Riverstone Phase 2 - Assessment Area 4)

Ms. Wertz explained the Third Supplemental Engineer's Report for Riverstone, Phase 2 also known as Phase 3B and Assessment Area 3B.

ON MOTION by Mr. Adams, seconded by Mr. Walsh, with all in favor, the Board approved, as amended with cost structure and table, the Third Supplemental Engineer's Report for Riverstone Phase 2.

TENTH ORDER OF BUSINESS	Consideration of Conveyance to the District

Ms. Gaarlandt reminded the Board that last year, the Board approved the Conveyance documents in form. Mr. Adams stated that once the documents are ready, he will get them executed.

Mr. Van Wyk noted that there may be modifications to the signature block and he would work with the Developer to get it corrected. Mr. Van Wyk requested the Board's authorization for acceptance of the parcels and authorization for the Chairman to finalize the acquisition of those parcels.

ON MOTION by Mr. Adams, seconded by Mr. Walsh, with all in favor, the Board approved the Conveyance to the District.

ELEVENTH ORDER OF BUSINESS	Ratification of Payment Authorization No. 106

The Board reviewed Payment Authorization No. 106.

ON MOTION by Mr. Adams, seconded by Mr. Walsh, with all in favor, the Board ratified the Payment Authorization No. 106.

TWELFTH ORDER OF BUSINESS	Review of Monthly Financials

The Board reviewed the monthly financials. Ms. Gaarlandt noted that the financials are through April 30, 2019. There was no action required by the Board.

THIRTEENTH ORDER OF BUSINESS	Staff Reports

District Counsel -   Mr. Van Wyk  mentioned  he was informed  by the  Developer  that  they  are going to construct the amenities facility themselves and then dedicate it to the District rather than having the District constructing it  with  bond proceeds. At a previous meeting, the Board authorized a RFP to be
published, now the Developer has requested to rescind the RFP to allow the amenities facility to be Developer funded.

ON MOTION by Mr. Adams, seconded by Mr. Walsh, with all in favor, the Board rescinded the RFP for construction of the amenities facility.

Mr. Van Wyk continued that District Counsel has been in contact with the Developer regarding funding for the next phase of Riverstone and will be coming back at the June meeting with a Delegation Resolution and Assessment Resolutions. The Assessment Resolution will apportion the costs of the budget and include the six lots that were annexed in the District as a result of the Boundary Amendment that was made.

District Engineer - Ms. Wertz asked Mr. Van Wyk a clarification question in regards to Towne Park Phase 2A Conveyance Documents. Mr. Adams responded that it is Phase 2A.

Mr. Van Wyk added that District Counsel will prepare two separate Engineering Certificates, one is going to be for the Design Engineer and the other will be for Ms. Wertz.

Mr. Van Wyk followed up on the new Engineer's Report where the costs went downward and asked Mr. Wertz for confirmation that there is no reason to believe that the District cannot construct the project as listed and if costs were reasonable in her opinion. Ms. Wertz confirmed that costs are reasonable and the District can construct it.

District Manager -		Ms. Gaarlandt noted that per the Office of the Supervisor of Elections as of April 151h there are 144 registered voters living within the District.

FOURTEENTH ORDER OF BUSINESS	Supervisor Requests and Audience
Comments

There were no Supervisor requests or audience comments.

FIFTEENTH ORDER OF BUSINESS	Adjournment

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

ON MOTION by Mr. Walsh, seconded by Mr. Adams, with all in favor, the Board adjourned the May 9,2019 Board of Supervisor's Meeting for the Towne Park Community Development District.

Secretary/ Assistant Secretary	Chairman/ Vice Chairman

Towne Park Community Development District

Resolution 2019-07

(provided under separate cover)

Towne Park Community Development District

Resolution 2019-08

(provided under separate cover)

Towne Park Community Development District

Matters Relative to Phase 38 (Riverstone Phase 2), Series 2019 Bonds

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Towne Park
Community Development District

Supplemental Assessment Methodology Report

SUPPLEMENTAL ASSESSMENT METHODOLOGY REP1ORT, PHASE 3B, SERIES 2019 BONDS

TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT

May 2019

Prepared for:

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

Prepared on May 30, 2019

PFM Financial Advisors LLC
12051 Corporate Boulevard
Orlando, FL 32817

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SUPPLEMENTAL ASSESSMENT METHODOLOGY REPORT, PHASE 3B, SERIES 2019 BONDS
TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT May 30, 2019

Introduction

Purpose

This Supplemental Assessment Methodology (Phase 3B), dated May 30, 2019 ("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 ("ClP") that will al/ow for the development of property within the District. The District plans to fund the majority of its GIP 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 1,453 residential units, recreation areas, parks/conservation, and related infrastructure.

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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 previously issued its Series 2018 Special Assessment Revenue Bonds to fund infrastructure specially benefiting Phases 2B and 3A within the District. The District now desires to issue the Special Assessment Revenue Bonds, Series 2019 ("Series 2019 Bonds") to fund the infrastructure specially benefiting the properties within Phase 3B (described in Exhibit "A"). The land use plan for Phase 3B within the District is found in Table 1.

Table 1. Summary of Phase 38 Land Plan

Development Phase	Number of Single-Family Lots

   Phase 3B - Riv-erstone Ph 2		277 
Source· Absolule Engineering, Inc.

Requirements of a Valid Assessment Methodology

In our experience, there are two primary requirements for special assessments to be valid under Florida law. 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. Our research suggests that only if the District's Board was to act in an arbitrary, capricious, or grossly unfair fashion would its assessment methods be overturned.

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, in our opinion, 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 ClP 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 not be permitted.

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The new infrastructure improvements included in the GIP create both: (1) special benefits to the developable property within the District and (2) general benefits to properties outside the District. However, as discussed below, these general benefits are incidental in nature and are readily distinguishable from the special benefits which accrue to the developable property within the District. The CIP described in the District Engineer's Report enables the developable property within the District to be developed. Without the CIP, there would be no infrastructure to support development of the developable property within the District.

CIP Plan of Finance

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 Third Supplemental Engineer's Report Phase 3B (Assessment Area 4)", dated May 2019 ("Engineer's Report"), as prepared by Absolute Engineering, Inc. ("District Engineer''). As outlined in the Engineer's Report, the District plans to install the infrastructure necessary to serve the lands within Phase 3B. The District infrastructure and improvements for Phase 38 are designed to serve and specially benefit the lands within Phase 38 ("Phase 38 Project"). The estimated costs of the Phase 38 Project are presented in Table 2.

Table 2. Summary of Phase 3B CIP

Infrastructure Component	Estimated Costs, Phase 3B

Stormwater Management	$1,037,578	
Utilities (water, sewer & street lighting)	$1,375,188	
Roadway	$1,917,850	
Entry Feature & Signage	$486,775	
Contingency	$722,609	
   Totals		$5 540 000 	
Souri:e Absolute Enginee ng. Inc.

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Bond Requirements

The District intends to finance the majority of its GIP by issuing bonds. These bonds are being issued in several series, as development progresses within the District. The District's Series 2019 Bonds will fully or partially fund the costs of the Phase 3B Project. The Series 2019 Bonds will be supported by assessments imposed solely to properties located within Phase 3B.

The details of the Series 2019 Bonds issuance required to fund the Phase 3B Project is found in Table
As shown in Table 3, the Series 2019 Bonds inelude 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 2019 Bonds.

Table 3. Estimated District Bond Financing Details (1)

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

Average Annual Coupon Rate:
Term (Years):

Maximum Net Annual Debt Service:
   Maximum Gross Annual Debt Service (3):	
Source. Distnct Underwriter
{2) The vaIues shown are estimated and subject to change

Value (21
$5,006,015
$387,800
$248,393
$319,229
$3,563
$5,965,000

5.00%
30

$387,800
$416,989 

{3) lnciudes a 70% gros.s·UP to account for the fees of the County Property Appraiser and Tax Collector and U7 e siatulory eMy payment discount

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Assessment Methodology

Assessment Foundation

The assessment methodology associated with the allocation of the costs of the GIP 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 Equtvalent 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. PFM Financial Advisors LLC ("PFM FA" and/or "Assessment Consultant") has determined that an assessment methodology based on equivalent residential unit (uERU") 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, the Assessment Consultant 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 2019 Bonds issuance required to fund the District's CIP is shown in Table 3. The principal and related assessments to secure the Series 2019 Bonds will be allocated among the 277 lots planned for Phase 38 within the District. The resulting bonds principal and related annual debt service assessments assigned to each lot within the District are shown in the corresponding Table 4. Table 4 becomes important as the land within the District is platted, as specific bond debt service assessments will be assigned to the individual Development Units (as that term is defined below) al this time.

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Table 4. Summary of Allocation of Bond Principal and Annual Debt Service

 	Bond Princi(!aI 
 	Allocation/	Bond Princi al Unit Type	 	Unit Count	ERUs/Unit	Total ERUs		Category   Allocation/Unit

Single Family Lots	277	1.00	277.00	$5,965,000	$21,534

 	Bond Net	Bond Net	Bond Gross	
	Annual
Assessment/	Annual Assessm11nt/	Annual
AssessmenUUnit		
Unit Type

Single Famil Lots	Category

$387,800	Unit

$1,400	ill

$1,505		
Source PFM Financial Adviso LLC

Assignment of Specific Assessments

The Series 2019 bond assessments for Phase 3B will initially be assigned to the lands within Phase 3B on an equal per acre basis. The assessments for Phase 3B 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 assessment lien roll, in accordance with the principles and allocations set forth in this Methodology.

True-Up Mechanism

In order to ensure that the District's bond debt will not build up on the unplatted !and within the District, the District shall periodically apply a "true-up" test. Initially, the Series 2019 Bonds assessments shall be allocated across Phase 3B within the District. This bond debt shall, prior to platting, be allocated equally to each of the undeveloped developable acres within the District. As property within the District is platted, "true-up" or density reduction payments may become due based upon the amount of bond debt assessments initially assigned to the District. For example, as outlined in Table 3, it is estimated that $5,965,000 in bonds principal will be allocated to Phase 3B at the time of issuance. This $5,965,000 in bonds principal is expected to be allocated equally to the 277 lots planned for the District at the time the lots are platted. However, should it happen at the time of platting that only 276 lots have been identified in the plat, the owner of the District lands at the time of platting will be required to make a true­ up payment to the District equal to the bonds principal assessment assigned to one single-family residence. The bonds principal true-up test shall be applied at the completion of the platting of 50%,

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75%, 90%, and 100% of the gross acreage within Phase 3B of the District. 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. The true-up thresholds for the lands within Phase 3B of the District are found in Table 5.

Table 5. Series 2019 Bonds, Phase 3B True-Up Thresholds

	Category	50%	75%	90%	100%		
	Developed Acres	35.54	53.31	63.972	71.08		
	Undeveloped Acres	35.54	17.77	7.11	0.00		
	Debt per Undeveloped Acre	$83,920	$83,920	$83,920	$83,920		
Source: PFM Financial Adllisors LLC

In the event that additional land not currently subject to the assessments required to repay the debt associated with the District is developed in such a manner as to receive special benefit from District improvements, 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.

4.0	Contribution of District Infrastructure and/or Improvements

The costs of the District's GIP 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 GIP 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 GIP, 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

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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.

Assessment Roll

Table 6 outlines the estimated bond principal assessment per acre for the lands within the District. A description of the land within the District, which will be assessed to secure the repayment of the District's bonds, is found in Exhibit "A", below. The assessments shall be paid in not more than thirty (30) annual installments.

Table 6. Assessment Roll Summary

Description
Phase 3B- Exhibit A

Acreage
ill
71.08

Series 2019
Bonds Principal Assessment
$5,965,000

Bond Principal Assessm
!fil...Dfil
Acre
$83,920

Series 2019 Bonds Net
Annual Assessment
$387,800

Series 2019 Bonds Net
Annual Assessment
per Acre
$5,455.82

Series 2019

m

Bonds Gross Annual Assessment

$416,989

Series 2019 Bonds Gross
Annual Assessment per Acre (2)
$5,866

Source: Absolute Engineering. LLC
{2) Values mctude a 7.0% gross-up to account for Ille fees of the County Property Appraiser and Tax Collector and the st.,tutory ear1y payment discount Source PFM Fmancial Advisors LLC

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EXHIBIT"A"
DESCRIPTION OF DISTRICT LANDS, PHASE 3B

1,IG D SCRIPT!ON:
A PAACfl OF LAND LY1NG I'll SECTION 17, TOWNSHIP 29 SOUll-+, RANG[ 2J EAST, PO, K COU'lT'Y, FLORIDA, BEING MORE PARTJCUI ARL'I' l)fSCRlRfD AS FOl l OWS:

roR A PQ)NT OF BEGINNING cm,HAfll/C[ AT n-lE NORTHWEST CORNER OF 1H[ NORTH£AST !/4 OF SAID SECTI Ql,I 17 AND PROCEED H 89' 52·  43"  E,  ALONG  THE  f./ORTH  BOUN Y  lHtREOL  A DISTANCE OF 1527.47 FEET; THEr-.CE S 00' 12' 15• [, LEAVING SAID 90UNDAR1', A DISTANCE Of
270 53 FEET TO A f>OJN I  Ot  CURVATUR[ OF  A  CURVE  CONCAVE  RTHWESTER1._ Y, HAVlNG A RADIUS OF J90.00 FEET ,,,,m A CHORD WHJCH BE>RS S 20" 26' 1o· w. A DISTANCE Of 274.95 FEET;
THENCt. ALONG THf ARC Of SAlO CUR\l'E TO THE RIGHT, A DISTANCE OF 280 99 f[fl TD A PDINT or TANGENCY; n-lENCE S 41' Q,f J5  W,  A DJSTAHCE  Of  6 0.J8 FEET  TO  /l POl'IT  OF  CURVATURE  Ot  A CURVE  CONCAVE  SOVTHEASTERLY,  t VING A RADIUS OF  2000.00 FEET ANO A  CHORD  WHrCH BEARS S
ll'	48'  01•     w, A DISTANCE  or 506.60  FEfT, THENCE  ALONG  n-lE  ARC  OF SAID  CURVE  TO n-lE   LEFT.
A  O.ST CE  or  507.97  FEfT  TO  A  PO]NT  OF  TANGENCY;  THENCE  S  26'  31'   2r	W, A DISTANCE OF
l /9  O:';,  FEEL  THENCE  N  80'    32'    49·   W,  A  O!STANCE  Of"  J15.07  FEET:  THENCE  S  22'  48'   •	W, A DJSTANCf OF 206.65 FFFT; THENCE S 45' 06' 09" (. A DISTANCE Of 49,06 FTCT, THENCE S 1S 05' 4J.   [.    A   01STANCE   or    50.'87  FEE'.':  THENCE   S  07'   42'   14•    I:.,  A  DlSlANCE   OF  80.  32  rt CT.  TMENC[   S
10'    JO'   46"  E,  A   OISTANCE  Of'  ..3 22  nu:	T)j(NC[ S 15' '-!'I' 4J" W, A l)JSTANCF OF 69.!!6 FEIT;  THENCE N 72' 40' 08" W. A D!SlANCE or 28.lB FEET: IBENCE S JB' J7' oo· W, A DlSTAN<:E OF
14.20 f"EET; THENCE S 6S 05' 43"  W.  A  DISTit.NCE  DF  -Ct,.40  FEET:  THENCE  S  62'  05'  46"  W.  A DISlANCl  Of  94.01   'lll: ,HENCE   S   18',  2'   43"  E.  A   DISTANCE   O•   46.39  FEET;  THENCE   S  66'   16' 22" W, A DISTANCF Of 110.00 FEIT TO n-lE BEGINMNG CF A NON-TANGENT!o\l.. CURVE CO.-..CAVE SO:JTHWESTERLY. HAVING A RADlUS OF J45.00 FEET ANO A CHORD WltlCt1 BE>IRS S 16' 01' 14" l, A DISTANCE Of 68,61 FEET, THENCE ALONG THE ARC OF SAIC CURVE TO T"1E RIG'iT. A DISTANCE OF
68 72 FEIT TO Tl-+f POINT OF CURVATURF. or A COMPOUND CURVE CONCAVE NORHfWESlERLY, HAVlNG
A RADIUS OF 75.00 <"[IT A.ND A CHORD WHICH BEA. S 11' 16'  28"  W.  A  DIST.a.NCI:.  Of  60.02  f lfl; THH/Cf Al ONG THE  ARC  Of   SA1D CURVE 10  iH[	RIGHT, A DIST!>NCE or 61.75 fTIT  TO  THE  E'ID  OF SAID CURVE, THENCE 5 55'  06'  1-C" I:., ALONG  A  NQN-RA?lAL  Ll"'E,  A  OISTA.NCE  OF  121.60 FEET  TO THE BEG! NNINC OF A NON- T!>NGENT!AL CUR\l'E CONCAVE NORTHWES1lR LY. KAVINC A RADI \JS OF
10!10.00 FEET AND A CHORD Wh]CH BEARS S 70' so· 26" W, A DISTANCi:. OF 669 J1 FEET; THENCE
ALONG THE ARC or SAID CURVl 10 HI[ HJGHT, A DISTANCE or 680.J-O r[[T TO A POINT OF
TANGENCY; THl:.NCE S 88' 4J' 1 " W, A O!STAN CE Of 416.2 \ FEET TD A PO!NT OF CURVATURE  OF A  CUINE CONCAVE SCHJltlEASTERu', HAVING A RADIUS  Of'  1500.00  FEH  AND A  C..ORQ  WHICH BEARS  S 83' 55' 58" W. A DISTANCE OF 250 ._, FEET: THENCE ALO C HIE IIRC OF SAID CUR\/[ TO THE EFT,
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Towne Park
Community Development District

Resolution 2019-09

RESOLUTION 2019-09

A RESOLUTION OF THE BOARD OF SUPERVISORS OF TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT  AUTHORIZING THE ISSUANCE OF ITS TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT BONDS, SERIES 2019 (ASSESSMENT AREA 3B PROJECT) (" ASSESSMENT AREA 3B BONDS"); DETERMINING CERTAIN DETAILS  OF  THE ASSESSMENT AREA 3B BONDS AND ESTABLISHING CERTAIN PARAMETERS FOR THE SALE THEREOF; APPROVING THE FORM OF AND AUTHORIZING THE EXECUTION AND DELIVERY OF A FOURTH SUPPLEMENTAL TRUST INDENTURE;  AUTHORIZING THE NEGOTIATED SALE OF THE ASSESSMENT AREA 3B BONDS; APPROVING THE FORM OF AND AUTHORIZING THE EXECUTION AND DELIVERY OF A BOND PURCHASE CONTRACT WITH RESPECT TO THE ASSESSMENT AREA 3B BONDS AND AWARDING THE SALE OF THE ASSESSMENT AREA 3B BONDS TO THE UNDERWRITER NAMED THEREIN; APPROVING THE FORM  OF AND AUTHORIZING THE DISTRIBUTION OF A PRELIMINARY LIMITED OFFERING MEMORANDUM RELATING TO THE ASSESSMENT AREA 3B BONDS AND ITS USE BY THE UNDERWRITER IN CONNECTION WITH THE OFFERING FOR SALE OF THE ASSESSMENT AREA 3B BONDS; APPROVING THE EXECUTION AND DELIVERY OF A FINAL LIMITED OFFERING MEMORANDUM RELATING TO THE ASSESSMENT AREA 3B BONDS; AUTHORIZING THE EXECUTION AND DELIVERY OF A CONTINUING DISCLOSURE AGREEMENT; PROVIDING FOR THE APPLICATION OF ASSESSMENT AREA 3B BONDS PROCEEDS; AUTHORIZING THE PROPER OFFICIALS TO DO ALL THINGS DEEMED NECESSARY IN CONNECTION WITH THE ISSUANCE, SALE AND DELIVERY OF THE ASSESSMENT AREA 3B BONDS; MAKING CERTAIN DECLARATIONS; PROVIDING AN EFFECTIVE DATE AND FOR OTHER PURPOSES.
WHEREAS, Towne Park Community Development District  (the  "District")  is  a  local unit of special purpose government duly organized and existing under the provisions  of  the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the "Act") and created by Ordinance No. 2014-051 enacted by the City Commission  of  the City of Lakeland, Florida on November 3, 2014; and

WHEREAS, pursuant to the Act and Resolution No. 2015-11 duly adopted by the Board of Supervisors of the District (the "Board") on November 6, 2014 (the "Original Bond Resolution"), the Board has approved the form of a Master Trust Indenture, dated as of June 1, 2016 (the "Master Indenture"), between the District and U.S. Bank National Association, as Trustee (the "Trustee"); and

WHEREAS, pursuant to the Act, the Original Bond Resolution and Resolution No. 2016-01 duly adopted by the Board on May 12, 2016, the Board did previously authorize the issuance of its $2,960,000 Towne Park Community Development District (City of Lakeland, Florida) Special Assessment Bonds, Series 2016 (the "Series 2016 Bonds"), which were issued under and pursuant to the Master Indenture as supplemented by that certain First Supplemental Trust Indenture, dated as of June 1, 2016, between the District and the Trustee, for the primary purpose of funding a portion of the costs of certain public infrastructure projects; and

WHEREAS, pursuant to the Act, the Original Bond Resolution and Resolution No. 2018-07 duly adopted by the Board on March 21, 2018, the Board did previously authorize the issuance of its $3,365,000 Towne Park Community Development District (City of Lakeland, Florida) Special Assessment Bonds, Series 2018 (Assessment Area 2B Project), which were issued under and pursuant to the Master Indenture as supplemented by that certain Second Supplemental Trust Indenture, dated as of June 1, 2018 (the "Second Supplemental Indenture"), between the District and the Trustee, the proceeds of which were used to provide funds for the payment of costs of the Assessment Area 2B Project (as defined in the Second Supplemental Indenture); and

WHEREAS, pursuant to the Act, the Original Bond Resolution  and  Resolution  No. 2018-07 duly adopted by the Board on March 21, 2018, the Board did previously authorize the issuance of its $10,470,000 Towne Park Community Development District (City of Lakeland, Florida) Special Assessment Bonds, Series 2018 (Assessment  Area  3A  Project),  which  were issued under and pursuant to the Master Indenture as supplemented by that certain Third Supplemental Trust Indenture, dated as  of  June  I,  20 I 8  (the  'Third  Supplemental  Indenture"), the proceeds of which were used to provide funds  for  the  payment  of costs of  the  Assessment Area 3A Project (as defined in the Third Supplemental Indenture); and

WHEREAS, the District duly adopted Resolution No. 2019-07 on June 10, 2019, declaring the levy and collection of special assessments (the "Special Assessments") pursuant to the Act and Chapter 170, Florida Statues, indicating the location, nature and estimated cost of the improvements which cost is to be defrayed by the Special Assessments, providing the manner in which the Special Assessments will be made, designating the lands upon which the Special Assessments will be levied, authorizing the preparation of a preliminary assessment roll and fixing the time and place of a public hearing; and

WHEREAS, the District duly adopted Resolution No. 2019-08 on June 10, 2019, setting a public hearing to be held on July 11, 2019, for the purpose of hearing public comment on imposing the Special Assessments; and

WHEREAS, after the public hearing the District will consider a resolution on July 11, 2019, authorizing the undertaking of various capital improvements to be undertaken for the benefit and development of land within the area known as Phase 3B of the District (the "Assessment Area 3B Project") as described in detail in the Third Supplemental Engineer's Report Phase 3B (Assessment Area 4) dated May 2019 prepared by Absolute Engineering, Inc. (the "Engineer's Report") and summarized in Schedule I attached hereto, and equalizing,

approving, confirming and levying the Special Assessments on the assessable property within the District specially benefited by the Assessment Area 3B Project (the "Assessment Area 3B");

WHEREAS, the District has determined that it would be in the best interest of the landowners of the District for the District to issue, and the District has determined to issue its Towne Park Community Development District Special Assessment Bonds, Series 2019 (Assessment Area 3B Project) (the "Assessment Area 3B Bonds") for the primary purpose of providing funds to pay all or a portion of the costs of the planning, financing, acquisition, construction, equipping and installation of the Assessment Area 3B Project; and
WHEREAS, the Assessment Area 3B Bonds constitute Bonds validated and confirmed by a final judgment of the Tenth Judicial Circuit Court in and for Hardee, Highlands and Polk Counties rendered on December 12, 2014; and
WHEREAS, on January 21, 2015, the District approved and adopted a Master Assessment Methodology, dated January 21, 2015 (the "Assessment Methodology Report"), prepared by PFM Group Consulting LLC (f/k/a Fishkind and Associates, Inc.) (the "Methodology Consultant"), setting forth the District's methodology for allocating debt to property within the District; and

WHEREAS, on June 9, 2016, the District approved and adopted a Supplemental Assessment Methodology Series 2016 Bonds, Assessment Area I, dated June 3, 2016, prepared by the Methodology Consultant, setting forth the District's methodology for allocating the Series 2016 Bonds initially to Assessment Area 1 within the District, and ultimately to Assessment Area 2A (each as defined therein); and

WHEREAS, on March 8, 2018, the District approved and adopted a Supplemental Assessment Methodology (Phases 2B and 3A) dated March 8, 2018 (the "Supplemental Assessment Methodology Report"), prepared by the Methodology Consultant, setting forth the District's methodology for allocating the Assessment Area 28 Bonds to Assessment Area 28 and the Assessment Area 3A Bonds to Assessment Area 3A (each of which are defined therein); and

WHEREAS, on June lO, 2019, the District approved a Supplemental Assessment Methodology Report, Phase 3B, Series 2019 Bonds dated May 2019 (the "Supplemental Assessment Methodology Report"), prepared by the Methodology Consultant, setting forth the District's methodology for allocating the Assessment Area 38 Bonds to Assessment Area 3B;
and

WHEREAS, there has been submitted to this meeting with respect to the issuance and sale of the Series 2018 Bonds and submitted to the Board:
a form of Fourth Supplemental Trust Indenture between the Trustee and the District attached hereto as Exhibit A (the "Fourth Supplemental Indenture") and together with the Master Indenture;

a form of Bond Purchase Contract with respect to the Assessment Area 3B Bonds between FMSbonds, Inc., as underwriter (the "Underwriter"), and the District attached hereto as Exhibit B (the "Bond Purchase Contract"), together with the form of a disclosure statement attached thereto in accordance with Section 218.385, Florida Statutes;

a form of Preliminary Limited Offering Memorandum relating to the Assessment Area 3B Bonds attached hereto as Exhibit C {the "Preliminary Limited Offering Memorandum'');

a form of Rule i 5c2- l 2 Certificate of the District  relating  to  the Preliminary Limited Offering Memorandum, attached hereto as Exhibit  D (the "Rule 15c2-12 Certificate"); and

a form of Continuing Disclosure Agreement to be entered into among the District, the dissemination agent named therein (the "Dissemination Agent"), and any landowner constituting an "Obligated Person" under the terms thereof, attached hereto as Exhibit E (the "Continuing Disclosure Agreement");

NOW, THEREFORE, BE IT RESOLVED by the Board of Supervisors of Towne Park Community Development District, as follows:

Section t.

Authorization of Issuance of Assessment Area 3B Bonds. There are

herehy authorized and directed to be issued the Towne Park Community Development District Special Assessment Bonds, Series 2019 (Assessment Area 3B  Project)  for  the  purpose  of providing funds to pay all or a portion of the costs of the planning, financing, acquisition, construction, equipping and installation of the Assessment Area 3B  Project,  funding  certain reserves in respect of the Assessment Area 3B Bonds, paying capitalized interest on  Assessment Area 3B Bonds and paying certain costs of  issuance  in  respect  of  the  Assessment  Area  3B Bonds. The Assessment Area 3B Bonds shall be issued  under  and  secured  by  the  Master Indenture as supplemented by the Fourth Supplemental Indenture, the form of which Fourth Supplemental Indenture is hereby  incorporated  by  reference into  this resolution  as if set  forth in  fu II herein.

Section 2. Details of  the  Assessment  Area  3B  Bonds.  The  District  hereby determines that the Assessment Area 3B Bonds shall mature in the amounts and at the times, shall bear interest at the rates, be redeemable at the redemption prices as determined by the Chairman of the Board (the "Chairman") or any member of the Board designated by the Chairman (a "Designated Member"), prior to sale of said Assessment Area 3B Bonds, all in a manner consistent with the requirements of the Original Bond Resolution and within the parameters set forth in Section 5 hereof.

Section 3.      Fourth Supplemental  Indenture.   The District  hereby approves the form  of and authorizes the execution of the Fourth Supplemental Indenture by the Chairman or any Designated Member and the Secretary or any Assistant Secretary of the Board (the "Secretary"),

and the delivery of the Fourth Supplemental Indenture in substantially the form thereof attached hereto as Exhibit A with such changes therein as shall he approved by the Chairman or Designated Member executing the same, with such execution to constitute conclusive evidence of such officer's approval and the District's approval of any changes therein from the form of Fourth Supplemental Indenture attached hereto, as the case mny be.

Section 4. Negotiated Sale. The Assessment Area 38 Bonds shall be sold by a negotiated sale to the Underwriter. It is hereby determined by the District that a negotiated sale of the Assessment Area 3B Bonds to the Underwriter will best effectuate the purposes of the Act, is in the best interests of the District and is necessitated by, in general, the characteristics of the issues and prevailing market conditions and specifically, the following additional reasons:

because of the complexity of the financing structure of the Assessment Area 3B Bonds, including the pledge of Special Assessments as security for the Assessment Area 3B Bonds, it is desirable to sell the Assessment Area 3B Bonds pursuant to a negotiated sale so as to have an underwriter involved from the outset of the financing to assist in these matters;

because of changing market conditions for tax-exempt bonds and the necessity of being able to adjust the terms of the Assessment Area 3B Bonds, it is in the best interests of the District to sell the Assessment Area 3B Bonds by a negotiated sale;

the Underwriter has participated in structuring the issuance of the Assessment Area 38 Bonds and can assist the District in attempting to obtain the most attractive financing for the District;

the Assessment Area 38 Bonds do not hear a credit rating and will be offered initially only to accredited investors within the meaning of Chapter 517, Florida Statutes, and the rules of the Florida Department of Financial Services promulgated thereunder; and
the District will not be adversely affected if the Assessment Area 38 Bonds are not sold pursuant to a competitive sale.

Section 5. Bond Purchase Contract. The District hereby approves  the form of the Bond Purchase Contract submitted by the Underwriter and attached as Exhibit B hereto, and the sale of the Assessment Area 3B Bonds by the District upon the terms and conditions set forth in the Bond Purchase Contract is hereby approved. The Chairman or a Designated Member are each herehy authorized, acting individually, to execute the Bond Purchase Contract and to deliver the Bond Purchase Contract to the Underwriter. The Bond Purchase Contract shall be in substantially the form of the Bond Purchase Contracl attached hereto as Exhibit B with such changes, amendments, modifications, omissions and additions as may be approved by the Chairman or the Designated Member; provided, however,
(I) The Assessment Area 3B Bonds shall be subject to optional  redemption not later than November 1, 2032, at a redemption price equal to their par value, plus accrued interest to the redemption date;

The interest rate on the Assessment Area  3B  Bonds  shall  not  exceed an  average net interest cost rate, which shall be computed by adding 300 basis points to The Bond Buyer "20 Bond Index"  published  immediately  preceding  the  first  day  of the calendar month in which the bonds are sold, as provided in Section 215.84(3), Florida Statutes, as amended;

The initial aggregate principal amount of lhe Assessment Area 3B Bonds shall not exceed $8,000,000;

The Assessment Area 3B Bonds shall have a final maturity not later than the maximum term allowed by Florida law, which is currently thirty (30) years of principal amortization; and

The price al which the Assessment Area 3B Bonds shall be sold to the Underwriter shall not be less than 98.0% of the aggregate face amount of the Assessment Area 3B Bonds, exclusive of original issue discount.

Execution by tbe Chairman or a Designated Member of the Bond Purchase Contract shall he deemed to be conclusive evidence of approval of such changes.

Section 6. Preliminary Limited Offering Memorandum; Final Linlited Offering Memorandum. The District hereby approves the form of the Preliminary Limited Offering Memorandum submitted to this meeting and attached hereto as Exhibit C and authorizes its distribution and use in connection with the limited offering for sale of the Assessment Area  38 Bonds. The preparation of a final  Limited  Offering  Memorandum  relating  to  the  Assessment Area 3B Bonds (the "Limited Offering Memorandum") is hereby  approved  and the Chairman  or any Designated Member is hereby authorized to  execute  such  final  Limited  Offering Memorandum to be dated the date of the award of  the  Assessment  Area  3B  Bonds  and,  upon such award, to deliver the same to the Underwriter for use by it in connection with the sale and distribution of the Assessment Area 3B Bonds. The Limited Offering Memorandum shall be substantially in the  form  of  the Preliminary  Limited  Offering Memorandum  attached  as  Exhibit C hereto, with such changes as shall be approved by the Chairman or Designated Member as necessary to conform the details of the Assessment Area 3B Bonds and such other insertions, modifications and changes as may be approved hy the Chairman or Designated Member. The execution and delivery of the Limited Offering Memorandum by the Chairman or Designated Member shall constitute evidence of the approval thereof.  The District  hereby authorizes  the  use  of the Limited Offering Memorandum and  the information  contained  therein  in connection  with the offering and sale of  the  Assessment  Area 3B Bonds.  The Chairman  or a Designated  Member is further authorized to deem the Preliminary Limited Offering Memorandum "final" within the meaning of Rule 15c2-12 of the Securities and Exchange Commission under  the  Securities Exchange Act of 1934, in the form as mailed, and  in  furtherance  thereof  to  execute  the  Rule 15c2- l2 Certificate evidencing the same substantially in the forms attached hereto as Exhibit D.

Section 7. Continuing Disclosure. The District hereby authorizes and approves the execution and delivery of the Continuing Disclosure Agreement by and among the District, the Dissemination Agent, and each landowner constituting an "Obligated Person" under the terms of

the Continuing Disclosure Agreement, by the Chairman or a Designated Member substantially in the form presented to this meeting and attached hereto as Exhibit E, with such changes therein as shall be approved hy the Chairman or Designated Memher executing the same, with such execution to constitute conclusive evidence of such officer's approval and the District's approval of any changes therein from the form of Continuing Disclosure Agreement attached  hereto. Each such Continuing Disclosure Agreement is being executed by the District to assist the Underwriter in complying with Rule 15c2-12(b)(5) promulgated by the Securities and Exchange Commission.

Section 8. Application of Bond Proceeds. The proceeds of the Assessment Area 3B Bonds, and other available moneys of the District, if any, shall be applied in the manner required in the Fou1th Supplemental Indenture.

Section 9. Further Official  Action; Ratification  of  Prior and Subsequent  Acts. The Chairman, the Secretary and each member of the Board and any other proper official of the District are each hereby authorized and directed to execute and deliver any and all documents and instruments (including, without limitation, any documents required hy the Trustee to evidence its rights and obligations with respect to the Assessment Area 38 Bonds, any documents required in connection with implementation of a hook-entry system of registration, and investment agreements relating to the investment of the proceeds of the Assessment Area 3B Bonds and any agreements in connection with maintaining the exclusion of interest on the Assessment Area 38 Bonds from gross income of the holders thereof) and to do and cause to be done any and all acts and things necessary or desirable for carrying out the transactions contemplated by this Resolution. In the event that the Chairman or the Secretary is unable to execute and deliver the documents herein contemplated, such documents shall be executed and delivered by the respective designee of such officer or official or any other duly authorized officer or official of the District. The Secretary or any Assistant Secretary is herehy authorized and directed to apply and attest the official seal of the District to any agreement or instrument authorized or approved herein that requires such a seal and attestation. The Chairman or any Designated Member may, among other things, change the date of any document accompanying this Resolution as an exhibit. Execution by the Chairman or a Designated Member of such document shall be deemed to he conclusive evidence of approval of such change of date. All of the acts and doings of such members of the Board, the officers of the District, and the agents and employees of the District, which are in conformity with the intent and purposes of this Resolution, whether heretofore or hereafter taken or done, shall be and are hereby ratified, confirmed and approved.
Section 10. Severability. If any section, paragraph, clause or provision of this Resolution shall be held to be invalid or ineffective for any reason, the remainder of this Resolution shall continue in full force and effect, it being expressly hereby found and declared that the remainder of this Resolution would have been adopted despite the invalidity or ineffectiveness of such section, paragraph, clause or provision.

Section 11. Inconsistent Proceedings. All resolutions  or  proceedings,  or  parts thereof, in conflict with the provisions hereof are to the extent of such conflict hereby repealed or amended to the extent of such inconsistency.

Section 12.   Ratification of Prior Acts.   All actions previously taken by or on behalf  of the District in connection with the issuance of the Assessment Area 3B Bonds are hereby authorized, ratified and confirmed.

Section 13. Public Meetings. It is hereby found and  determined  that  all  formal actions of the District concerning and relating to the adoption of this Resolution and the consummation of the transactions contemplated by this Resolution were adopted in open meetings of the District, and that all deliberations of the District that resulted in such formal action were in meetings open to the public, in compliance with all legal requirements.

Section 14. Effective Date. This Resolution shall take effect immediately upon its adoption.

[REMAINDER or PAGE INTENTIONALLY LEFT BLANK­ SIGNATURE PAGE FOLLOWS]

PASSED in Public Session of the Board of Supervisors of Towne Park Community Development District, this 10th day of June, 2019.

TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT

Attest:

 	

Secretary,
Board of Supervisors

Chairman, Board of Supervisors

SCHEDULE I
DESCRIPTION OF ASSESSMENT AREA 3B PROJECT

The	Assessment Area 3B Project includes, but is not limited to, the following improvements and estimated costs:

Number of Lots InfrastructureC3J<  6l	
277 Units • Phase 3Bm	
Stormwater Manage men{ !l(J >(5116J	$1,037,578	
Utilities (Water, Sewer & Street Lighting() 81	1,375,188	
Roadway141	1,917,850	
Entry Feature & Signagern	486,775	
Contingency	722,609	
TOTAL	$5,540,000	

Notes:
l.		Infrastructure consists of roadway improvements, Stormwatcr  management  facilities, master sanitary sewer lift station and utilities, entry feature, landscaping and signage, and neighborhood parks. Any land acquisitions will be made at the  lower  of  cost  or  fair market value. Any improvements purchased by the District will be at nor more than the developer's reasonable cost.
Stormwater    does    not    include  grading   associated	with	building pads for initial construction and in conjunction with home construction.
Includes Stormwater pond excavation. Does not include costs of transporting fill to, or use of fill on, privately-owned land.
Includes sub-grade, base, asphalt  paving,  curbing,  and  civil/site  engmecnng.  All roadways will be public and accessible by public.
Includes subdivision infrastructure and civil/site engineering.
Estimates are based on 2018 costs.
Includes entry features, signage, hardscape, landscape, irrigation and fencing.
CDD will enter into a Lighting Agreement with Lakeland Electric for the street light poles and lighting service. Only undergrounding of wires on public right-or-way and on District land will be financed by the District.

Source: Third Supplemental Engineer's  Report  Phase 3B (Assessment  Area 3B) dated May 2019 by Absolute Engineering, Inc.

Schedule I

EXHIBIT A

FORM OF FOURTH SUPPLEMENTAL INDENTURE

Exhibit A

FOURTH SUPPLEMENTAL TRUST INDENTURE

BETWEEN

TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT AND
U.S. BANK NATIONAL ASSOCIATION

as Trustee

Dated as of July  I, 2019

Authorizing and Securing
$a[ 		]
TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT BONDS, SERIES 2019 (ASSESSMENT AREA 3B PROJECT)

TABLE OF CONTENTS
ARTICLE I DEFINITIONS	3
ARTICLE II THE ASSESSMENT  AREA 3B BONDS	13
SECTION 2.01.	Amounts and Terms of Assessment Area 3B Bonds; Issue of
Assessment Area 3B Bonds	13

SECTION 2.02.
SECTION 2.03.
SECTION 2.04.

SECTION 2.05.
SECTION 2.06.
SECTION 2.07.
SECTION 2.08.
SECTION 2.09.

Execution	13
Authentication	13
Purpose, Designation and Denominations of, and Interest
Accruals on, the Assessment  Area 3B Bonds	13
Debt Service on the Assessment  Area 3B Bonds	14
Disposition of Assessment Arca 3B Bond Proceeds	15
Book-Entry Form of Assessment Area 3B Bonds	15
Appointment of Registrar and Paying Agent	16
Conditions  Precedent  to  Issuance   of  the  Assessment   Area  3B Bonds	16

ARTICLE III REDEMPTION OF ASSESSMENT AREA 3B BONDS	18
SECTION 3.01.	Redemption  Dates and Prices.	18
SECTION 3.02.	Notice of Redemption.	21
ARTICLE IV ESTABLISHMENT OF CERTAIN  FUNDS  AND  ACCOUNTS; ADDITIONAL COVENANTS OF THE ISSUER; PREPAYMENTS; REMOVAL OF ASSESSMENT AREA 3B ASSESSMENT LIENS	22
SECTION 4.01.	Establishment  of Certain Funds and Accounts.	22
SECTION 4.02.	Assessment Area 3B Revenue Account	25
SECTION 4.03.	Power to Issue Assessment Area 3B Bonds and Create Lien	26
SECTION 4.04.	Project to Conform to Consulting Engineers Report	26
SECTION 4.05.		Prepayments;    Removal   of   Assessment   Area   3B   Assessment Liens.	26
ARTICLE  V COVENANTS AND DESIGNATIONS  OF THE ISSUER	28
SECTION 5.01.	Collection of Assessment Area 3B Assessments	28
SECTION 5.02.	Continuing Disclosure	28
SECTION 5.03.	Investment of Funds and Accounts	28
SECTION 5.04.	Additional Bonds.	28
SECTION 5.05.	Requisite Owners for Direction or Consent	29
SECTION 5.06.	Acknowledgement Regarding Acquisition and Construction
Account Moneys Following an Event of Default	29
ARTICLE VI THE TRUSTEE; THE PAYING AGENT AND REGISTRAR	30
SECTION 6.01.	Acceptance of Trnst	30
SECTION 6.02.	Trustee's Duties	30
SECTION 6.03.	Patriot Act Requirements of Trustee	30

ARTICLE VII MISCELLANEOUS PROVISIONS	31
SECTION 7.01.	Interpretation of Fourth Supplemental Trust Indenture	31
SECTION 7.02.	Amendments.	31
SECTION 7.03.	Counterparts.	31
SECTION 7.04.	Appendices and Exhibits	31
SECTION 7.05.	Payment Dates	31
SECTION 7.06.	No Rights Conferred on Others	31

EXHIBIT A	DESCRIPTION OF ASSESSMENT AREA 3B PROJECT EXHIBIT B	FORM OF ASSESSMENT AREA 3B BOND
EXHIBIT C	FORMS OF REQUISITIONS EXHIBIT D	FORM OF INVESTOR LETTER

II

THIS FOURTHFOURTH SUPPLEMENTAL TRUST INDENTURE (the "Fourth
Supplemental Trust Indenture"), dated as of July I, 2019 between the TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT (together with its successors and assigns, the "District" or the "Issuer"), a local unit of special-purpose government organized and existing under the laws of the State of Florida, and U,S, BANK NATIONAL ASSOCIATION, a national banking association duly organized and existing under the laws of the United States of America and having a designated corporate trust office in Orlando, Florida, as trustee (said national banking association and any bank or trust company becoming successor trustee under this FourthFourth Supplemental Trust Indenture being hereinafter referred to as the "Trustee");

WITNESS ETH:

WHEREAS, the Issuer is a local unit of special purpose government duly organized and existing under the provisions of the Uniform Community Development District Act of  I 980, Chapter 190, Florida Statutes, as amended (the "Act") created  pursuant  to Ordinance  No.  2014- 051 enacted by the City Commission of  the City of  Lakeland,  Florida  (tbe  "City") on  November 3, 2014 (the "Ordinance"), for the purposes of delivering community development services and facilities to property to be served by the District (as defined below); and

WHEREAS, the premises governed by the Issuer (as further described in Exhibit A to the hereinafter defined Master Indenture, the "District" or "District Lands") currently consist of approximately 584.8 gross acres of land located entirely within the City; and

WHEREAS, the Issuer has been created for the purpose of delivering certain community development services and facilities for the benefit of the District Lands; and

WHEREAS, the Issuer has determined to undertake, in one or more stages, the acquisition and/or construction of public improvements and community facilities as set forth in the Act for the special benefit of the District Lands; and

WHEREAS, the Issuer has previously adopted Resolution No. 2015-11 on November 6, 2014 (the "Original Bond Resolution"), authorizing the issuance of not to exceed $50,000,000 in aggregate principal amount of its Special Assessment Bonds (the "Bonds") to finance all  or  a portion of the planning, design, acquisition and construction costs  of  certain  improvements pursuant to the Act for the special  benefit of the District Lands or portions thereof and approving  the form of and authorizing the execution and delivery of the Master Indenture; and

WHEREAS, pursuant to that certain Master Trust Indenture dated as of June 1, 2016 (the "Master Indenture"), as supplemented by a First Supplemental Trust Indenture dated as of June l, 2016 (the "First Supplemental Indenture") each between the Issuer and the Trustee, the Issuer previously issued its $2,960,000 Towne Park Community Development District (City of Lakeland, Florida) Special Assessment Bonds, Series 2016, for the primary purpose of funding a portion of the costs of certain public improvements; and

WHEREAS, pursuant to that certain Master Indenture, as supplemented by a Second Supplemental Trust Indenture dated as of June I, 2018 (the "Second Supplemental Indenture"), between the Issuer and the Trustee, the Issuer previously issued its $3,365,000 Towne Park Community Development District (City of Lakeland, Florida) Special Assessment Bonds, Series

2018 (Assessment Area 2B Project), the proceeds of which were used to provide funds for the payment of costs of the Assessment Area 2B Project (as defined in the Second Supplemental Indenture); and

WHEREAS, pursuant to that certain Master Indenture, as supplemented by a Third Supplemental Trust Indenture dated as of June I, 2018 (the "Third Supplemental Indenture"), between the Issuer and the Trustee, the Issuer previously issued its $10,470,000 Towne Park Community Development District (City of Lakeland, Florida) Special Assessment Bonds, Series 2018 (Assessment Area 3A Project), the proceeds of which were used to provide funds for the payment of costs of the Assessment Area 3A Project (as defined in the Third Supplemental Indenture); and
WHEREAS,  [ 	](the "Assessment  Area 3B Landowner"),  currently owns [_] acres of District Lands that is currently planned for a total of 1277] single family units, known as Riverstone Phase 2 ("Assessment Area 3B"). The Assessment Area 3B Landowner plans to develop or cause the development of a residential community within Assessment Area 3B and has entered into contracts with [D.R. Horton, Westbay and Richmond American], for the sale of [some] of the lots in Assessment Area 3B; and
WHEREAS, to further the development of the residential community located within the District, the District now desires to construct, or cause to be constructed, the public infrastructure necessary to serve Assessment Area 3B, (the "Assessment Area 3B Project"), described in detail in the Third Supplemental Engineer's Report Phase 3B (Assessment Area 4) dated May 2019 (the "Engineer's Report") and smrunarized in Exhibit A hereto; and

WHEREAS, the Issuer has determined to issue one additional Series of Bonds, designated as the Towne Park Community Development District Special Assessment Bonds,
Series 2019 (Assessment Area 3B Project) (the "Assessment Area 3B Bonds"); and

this FourthWHEREAS, the Assessment Area 3B Bonds are being issued pursuant to the Master Indenture and this Fourth Supplemental Trust Indenture (hereinafter sometimes collectively referred to as the "Assessment Area 3B Indenture") and the proceeds thereof will primarily be used to provide funds for a portion of the costs of acquiring and/or constructing the Assessment Area 3B Project; and

WHEREAS, the Assessment Area 38 Bonds will be secured by a pledge of Assessment Area 3B Pledged Revenues (as hereinafter defined) primarily comprised of special assessments levied on assessable property within Assessment Area 3B specially benefitted by the Assessment Area 3B Project to the extent provided herein.

NOW,   THEREFORE,	THIS	FOURTHFOURTH	SUPPLEMENTAL	TRUST
INDENTURE WITNESSETH, that to provide for the issuance of the Assessment Area 3B Bonds, the security and payment of the principal or redemption price thereof (as the case may be) and interest thereon, the rights of the Bondholders and the performance and observance of all of the covenants contained herein and in said Assessment Area 3B Bonds, and for and in consideration of the mutual covenants herein contained and of the purchase and acceptance of the Assessment Area 3B Bonds by the Owners thereof, from time to time, and of the acceptance by the Trustee of the trusts hereby created, and intending to be legally bound hereby, the Issuer

does hereby assign, transfer, set over and pledge to U.S. Bank National Association, as Trustee, its successors in trust and its assigns forever, and grants a lien on all of the right, title and interest of the Issuer in and to the Assessment Area 3B Pledged Revenues as security for the payment of the principal, redemption or purchase price of (as the case may be) and interest on the Assessment Area 3B Bonds issued hereunder, all in the manner hereinafter provided, and the Issuer further hereby agrees with and covenants unto the Trustee as follows:
TO HAVE AND TO HOLD the same and, to the extent the same may be lawfully granted, any other revenues, property, contracts or contract rights, accounts receivable, chattel paper, instruments, general intangibles or other rights and the proceeds thereof, which may, by delivery, assignment or otherwise, be subject to the lien created by the Assessment Area 3B Indenture with respect to the Assessment Area 3B Bonds.

IN TRUST NEVERTHELESS, for the equal and ratable benefit and security of all present and future Owners of the Assessment Area 3B Bonds issued and to be issued under this FourthFourth Supplemental Trust Indenture, without preference, priority or distinction as to lien or otherwise (except as otherwise specifically provided in this FourthFourth Supplemental Trust Indenture) of any one Assessment Area 38 Bond over any other Assessment Area 38 Bond, all as provided in the Assessment Area 3B Indenture.
PROVIDED, HOWEVER, that if the Issuer, its successors or assigns, shall well and truly pay, or cause to be paid, or make due provision for the payment of the principal or redemption price of the Assessment Area 3B Bonds issued, secured and Outstanding hereunder and the interest due or to become due thereon, at the times and in the manner mentioned in such Assessment Area 38 Bonds and the Assessment Area 3B Indenture, according to the true intent and meaning thereof and hereof, and the Issuer shall well and truly keep, perform and observe all the covenants and conditions pursuant to the terms of the Assessment Area 3B Indenture to be kept, performed and observed by it, and shall pay or cause to he paid to the Trustee all sums of money due or to become due to it in accordance with the terms and provisions hereof, then upon such final payments this FourthFourth Supplemental Trust Indenture and the rights hereby granted shall cease and terminate, otherwise this FourthFourth Supplemental Trust Indenture to be and remain in full force and effect.

ARTICLE I DEFINITIONS

In this FourthFourth Supplemental Trust Indenture capitalized terms used without definition shall have the meanings ascribed thereto in the Master Indenture and, in addition to certain terms defined in the recitals above, the following terms shall have the meanings specified below, unless otherwise expressly provided or unless the context otherwise requires:

"Acquisition Agreement" shall mean the Acquisition and Completion Agreement by and between the Assessment Area 3B Landowner and the Issuer, relating to the acquisition of the Assessment Area 3B Project.
"Arbitrage Certificate" shall mean that cet1ain Arbitrage Certificate, including arbitrage rebate  covenants,  of  the  Issuer,  dated  [ 	, 2019], relating to certain restrictions on arbitrage under the Code with respect to the Assessment Area 38 Bonds.

"Assessment Area 3B" shall mean the [_] acres of District Lands that is currently planned for a total of [277] single family units, known as Riverstone Phase 2, within the District which benefits from the Assessment Area 3B Project and on which lands the District will levy the Assessment Area 3B Assessments.
"Assessment Area 3B Acquisition and Construction Account" shall mean the Account so designated, established as a separate Account within the Acquisition and Construction  Fund pursuant to Section 4.0 I (a) of this FourthFourth Supplemental Trust Indenture.

"Assessment Area 3B Assessments" shall mean a portion of the Special Assessments levied on property within Assessment Area 3B as a result of the Issuer's acquisition and/or construction of the Assessment Area 3B Project, corresponding in amount to the debt service on the Assessment Area 3B Bonds and designated as such in the methodology report relating thereto.

"Assessment Area 3B Bond Redemption Account" shall mean the Account so designated, established as a separate Account within the Debt Service Fund pursuant to Section 4.0l(h) of this FourthFourth Supplemental Trust Indenture.
"Assessment  Area 38  Bonds" shall mean  the$[ 	]aggregate  principal  amount of Towne Park Community Development District Special Assessment Bonds, Series 2019 (Assessment Area 38 Project), to be issued as fully registered Bonds in accordance with the provisions of the Master Indenture and this FourthFourth Supplemental Trust Indenture, and secured and authorized by the Master Indenture and this FourthFourth Supplemental Trust Indenture.
"Assessment Area 3B Costs of Issuance Account" shall mean the Account so designated, established as a separate Account within the Acquisition and Construction Fund pursuant to Section 4.01(a) of this FourthFourth Supplemental Trust Indenture.

"Assessment Area 38 General Redemption Subaccount" shall mean the subaccount so designated, established as a separate subaccount  under  the  Assessment  Area  3B  Bond Redemption Account pursuant to Section 4.0 I (h) of this FomthFourth Supplemental Trust Indenture.
"Assessment Area 3B Indenture" shall mean collectively, the Master Indenture and this FourthFourth Supplemental Trust Indenture.
"Assessment Area 38 Interest Account" shall mean the Account so designated, established as a separate Account within the Debt Service Fund pursuant to Section 4.0I(d) of this FourthFourth Supplemental Trust Indenture.
"Assessment  Area 3B Landowner"  shall mean [ 	] and its successors and assigns.
"Assessment Area 3B Optional Redemption Subaccount" shall mean the subaccount so designated, established as a separate subaccount under the Assessment Area 3B Bond

Redemption Account pursuant to Section 4.0 I(h) of this FourthFourth Supplemental Trust Indenture.

"Assessment Area 3B Pledged Revenues" shall mean with respect to the Assessment Area 3B Bonds (a) all revenues received by the Issuer from Assessment Area 3B Special Assessments levied and collected on property within Assessment Area 3B, including, without limitation, amounts received from any foreclosure proceeding for the enforcement of collection of such Assessment Area 3B Special Assessments or from the issuance and sale of tax certificates with respect to such Assessment Area 3B Special Assessments, and (b) all moneys on deposit in the Funds and Accounts established under the Assessment Area 3B Indenture created and established with respect to or for the benefit of the Assessment Area 3B Bonds; provided, however, that Assessment Area 3B Pledged Revenues shall not include (A) any moneys transferred to the Assessment Arca 3B Rebate Fund and investment earnings thereon, (B) moneys on deposit in the Assessment Area 3B Costs of Issuance Account of the Acquisition and Construction Fund, and (C) "special assessments" levied and collected by the Issuer under Section 190.022 of the Act for maintenance purposes or "maintenance assessments" levied and collected by the Issuer under Section 190.021(3) of the Act (it being expressly understood that the lien and pledge of the Assessment Area 3B Indenture shall not apply to any of the moneys described in the foregoing clauses (A), (B) and (C) of this proviso).

"Assessment Area 3B Prepayment Principal" shall mean the portion of a Prepayment corresponding to the principal amount of Assessment Area 3B Special Assessments being prepaid pursuant to Section 4.05 of this FourthFourth Supplemental Trust Indenture or as a result of an acceleration of the Assessment Area 3B Special Assessments pursuant to Section 170.10, Florida Statutes, if such Series Assessment Area 3B Assessments are being collected through a direct billing method.

"Assessment Area 3B Prepayment Subaccount" shall mean the subaccount so designated, established as a separate subaccount under the Assessment Area 3B Bond Redemption Account pursuant to Section 4.0 I (h) of this FourthFourth Supplemental Trust Indenture.

"Assessment Area 3B Project" shall mean the public infrastructure described in Exhibit A
hereto.

"Assessment Area 3B Rebate Account" shall mean the Account so designated, established as a separate Account within the Rebate Fund pursuant to Section 4.01(1) of this FourthFourth Supplemental Trust Indenture.

"Assessment Area 3B Reserve Account" shall  mean  the  Account  so  designated, established as a separate Account within the Reserve Fund pursuant to Section 4.0I(g) of this FourthFourth Supplemental Trust Indenture.

"Assessment Area 3B Reserve Requirement" or  "Reserve  Requirement"  shall  initially mean an amount calculated as of the date of original issuance  and  delivery  of  the  Assessment Area 3B Bonds equal to 50% of the maximum annual debt service with respect to the  initial principal amount of the Assessment Area 3B Bonds. The Assessment Area  3B  Reserve Requirement shall be recalculated  in  connection  with  each extraordinary  mandatory  redemption of the Assessment Area 3B Bonds as described in Section 3.0l(b)(i) hereof (but not upon the

optional or mandatory sinking fund redemplion thereof) and such excess amount shall be released from the Assessment Area 3B Reserve Account and lransferrcd to the Assessment Area 3B Prepayment  Subaccount  in accordance  with the provisions of Sections 3.0l(b)(i), 4.0l(g) and
-J..0.5(a) hereof. Amounts on deposit in the Assessment Area 3B Reserve Account may also, upon final maturity or redemption of all Outstanding As...,essmenl Arca 3B Bonds, be used to  pay principal  of and  interest on  the Assessment  Area 38  Bonds at  that time.  Initially, the  Assessment
Area 38  Reserve Requirement shall be equal to$[ 	].

"Assessment Area 38 Revenue Account" shall mean the Account so designated, est.:iblished as .:i separate Account within the Revenue Fund pursuant to Section 4.0l(b) of this FourthFourth Supplemental Trust Indenture.

"Assessment Area 3B Sinking Fund Account" shall mean the Account so designated, established as a separate Account within the Debt Service Fund pursuant  to Section 4.0l(f) of this FourthFourth Supplemental Trust Indenture.

"Assessment Resolutions" shall mean Resolution Nos. 2015-09, 20 I 5-10, 2015-17, 20 I 9-
-·	2019-_. 2019-_, and 2019-_ of the Issuer adopted on December 11. 2015, December 11,

2015, January 21, 2015, [ 	

, 2019], [ 	

, 2019]. [ 	

, 2019] and[ 	

, 2019],

respectively, as amended and supplemented from time to time.

"Authorized Denomination" shall mean, with respect to the Assessment Area 38 Bonds, on the date or issuance, in the denominations of S5,000 and any integral multiple thereof; provided. however, if any initial Beneficial Owner (as defined herein) does not purchase at least S100.000 of the Assessment Area 3B Bonds at the time or initial delivery of the Assessment Area 38 Bonds, such Beneficial Owner must execute and deliver to the Issuer and the Underwriter on the date of delivery of the Assessment Arca 38 Bonds the investor letter in the form attached hereto as Exhibit D or otherwise establish to the satisfaction of the Underwriter that such Beneficial Owner is an "accredited investor," as described in Rule 50l(a) under Regu!.Hion D of the Securities Act of 1933, as amended.
"Collateral Assignment" shall mean that certain instrument executed by the Assessment Area 38 Landowner in favor of the Issuer whereby all of the material documents necessary to complete the development planned by the Assessment Area 38 Landowner is collaterally assigned as security for the Assessment Area 38 Landowner's ohligation to pay the Assessment Area 38 Assessments imposed against lands within the Assessment Area 38 owned by the Assessment Arca 38 Landowner from time to time.

"Conlinuing Disclosure Agreement" shall mean the Continuing Disclosure Agreement for
the  benefit  of  the  owners  of  the  Assessment   Area  38   Bonds, dated  [ 		, 2019], by and
among the Issuer. the dissemination agent named  therein,  and  the  Assessment  Area  3B Landowner. and joined by the parties named therein, in connection with the issuance of the Assessment Area 38 Bonds.

"Declaration of Consent" shall mean that certain instrument executed by the Assessment Area 3B Landowner declaring consent to the jurisdiction or the District ;:md the imposition of the Assessment Area 38 Assessments.

"Defeasance Securities" shall mean, with respect to the Assessment Area 3B Bonds, to the extent permitted by law, (a) cash deposits and (b) direct obligations of the United States of America (including obligations issued or held in book entry form on the books of the Department of Treasury) which are non-callable and non-prepayable.

"District Manager" shall mean PFM Group Consulting LLC (f/k/a Fishkind and Associates, Inc.), and its successors and assigns.

"Interest Payment Date" shall mean May 1 and  November  l  of each year, commencing [ 		1, 2019], and any other date the principal of the Assessment Area 3B Bonds is paid.

"Investment Obligations" shall mean and include any of the following securities with respect to the investment of moneys under this FourthFourth Supplemental Trust Indenture:

Government Obligations;

obligations of any of the following agencies: Government National Mortgage Association (including participation certificates issued by such association); Fannie Mae (including participation certificates issued by such entity); Federal Home Loan Banks; Federal Farm Credit Banks; Tennessee Valley Authority; Farmers Home Administration; Student Loan Marketing Association; Federal Home Loan Mortgage Corporation.

money market deposit accounts, time deposits, and certificates of deposit issued by commercial banks, savings and loan associations or mutual savings banks whose short-term obligations are rated, at the time of purchase, in one of the two highest rating categories, without regard to gradation, hy Moody's and S&P;

commercial paper rated in the top two rating categories by both Moody's and S&P at the time of purchase;

municipal securities issued by any state or commonwealth of the United States or political subdivision thereof or constituted authority thereof including, but not limited to, municipal corporations, school districts and other special districts and rated A- or higher by Moody's, Fitch or S&P at the time of purchase;

both (A) shares of a diversified open-end management investment company (as defined in the Investment  Company  Act of 1940) or a regulated  investment  company  (as defined in Section 85 I (a) of the Code) that is a money market fund that is rated in the highest rating  category for money market funds by both Moody's and S&P, including those shares offered or sponsored by the Trustee Bank, and (B) shares of money market mutual funds,  including  those funds offered or sponsored by the Trustee Bank, that invest only in Government Obligations and obligations of any of the following agencies: Government National  Mortgage  Association (including participation certificates issued by such association);  Fannie  Mae  (including participation certificates issued by such entity); Federal Home Loan Banks; Federal Farm Credit Banks; Tennessee Valley Authority; Farmers Home Administration; Student Loan Marketing Association; Federal Home Loan Mortgage Corporation and repurchase  agreements  secured  by such obligations, which funds are rated in the two highest categories for such funds  by  both Moody's and S&P;

repurchase agreements, which will be collateralized at the onset of the repurchase agreement of at least 103% marked to market weekly by a third party acting solely as agent for the Issuer with collateral with a domestic or foreign bank or corporation (other than life or property casualty insurance company) the long-term debt of which, or, in the case of a fimmcial guaranty insurance company, claims paying ability, of the guarantor is rated at least "AA" by S&P and "Aa" by Moody's provided that the repurchase agreement shall provide that if during its term the provider's rating by either S&P or Moody's falls below "AA-" or "Aa3," respectively, the provider shall immediately notify the Issuer and the Trustee and the provider shall at its option, within ten (10) calendar days of receipt of publication of such downgrade, either (A) maintain collateral at levels, sufficient to maintain an "AA" rated investment from S&P and an "Aa" rated investment from Moody's, or (B) repurchase all collateral and terminate the repurchase agreement. Further, if the provider's rating by either S&P or Moody's falls below "A­ " or "A3," respectively, the provider must immediately notify the Trustee and the Issuer and must at the direction by the Issuer to the Trustee, within ten (10) culendar days, either (1) maintain collateral at levels sufficient to maintain an "AA" rated investment from S&P and an "Aa" rated investment from Moody's, or (2) repurchase all Collateral and terminate the repurchase agreement without penalty. In the event the repurchase agreement provider has not satisfied the above conditions within ten (10) calendar days of the date such conditions apply, then the repurchase agreement shall provide that the Trustee shall be entitled to, and in such event, the Trustee shall withdraw the entire amount invested plus accrued interest within ten (10) Business Days after the Trustee knows such conditions apply. Any repurchase agreement entered into pursuant to this FourthFourth Supplemental Trust Indenture shall contain the following additional provisions:
Failure to maintain the requisite collateral percentage will require the District or the Trustee to liquidate the collateral as provided above;

The Holder of the Collateral, as hereinafter defined, shall have possession of the collateral or the collateral shall have been transferred to the Holder of the Collateral, in accordance with applicable state and federal laws (other than by means of entries on the transferor's books);

The repurchase agreement shall state and un  opinion  of  Counsel  in form and in substance satisfactory to the Issuer  shall  be  addressed  and  rendered  to the Issuer and Trustee that the Holder of  the Collateral  has a  perfected  first  priority security interest in the collateral, any substituted collateral and all proceeds thereof (in the case of bearer securities, this means the Holder of the Collateral is in possession);

The repurchase agreement shall be a "repurchase agreement" as defined in the United States Bankruptcy Code and, if the provider is a domestic bank, a "qualified financial contract" as defined in the Financial Institutions Reform, Recovery and Enforcement Act of 1989 ("FIRREA") and such bank is subject to FIRREA;

The repurchase transaction shall be in the form of a written agreement, and such agreement shall require the provider to give written notice to the Trustee of any change in its long-term debt rating;

The Issuer or its designee shall represent that it has no knowledge of any fraud involved in the repurchase transaction;

The Issuer and the Trustee shall receive the opinion of Counsel (which opinion shall be addressed to the Issuer and the Trustee and shall be in form and substance satisfactory to the Issuer) that such repurchase agreement complies with the terms of this section and is legal, valid, binding and enforceable upon the provider in accordance with its terms;

The term of the repurchase agreement shall be no longer than ten years;

The interest with respect to the repurchase transaction shall be payable at the times and in the amounts necessary in order to make funds available when required under this FourthSupplemental Trust Indenture.
I0) The repurchase agreement shall provide that the Trustee may withdraw  funds without penalty at any time, or from time to time, for any purpose permitted or required under this FourthFourth Supplemental Trust Indenture;

Any repurchase agreement shall provide that a perfected security interest in such investments is created for the benefit of the beneficial owners under the Uniform Commercial Code of Florida, or book-entry procedures prescribed at 31 C.F.R. 306.1 et seq. or 31 C.F.R. 350.0 ct seq. are created for the benefit of the beneficial owners; and

The collateral delivered or transferred to the Issuer, the Trustee, or a third- party acceptable to, and acting solely as agent for, the Trustee (the "Holder of the Collateral") shall be delivered and transferred in compliance with applicable state and federal laws (other than by means of entries on provider's books) free and clear of any third-party liens or claims pursuant to a custodial agreement subject to the prior written approval of the Majority Holders and the Trustee. The custodial agreement shall provide that the Trustee must have disposition or control over the collateral of the repurchase agreement, irrespective of an event of default by the provider of such repurchase agreement.

If such investments are held by a third-party, they shall be held as agent for the benefit of the Trustee as fiduciary for the beneficial owners and not as agent for the bank serving as Trustee in its commercial capacity or any other party and shall be segregated from securities owned generally by such third party or bank;

investment agreements with a bank, insurance company or other financial institution, or the subsidiary of a bank, insurance company or other financial institution if the parent guarantees the investment agreement, which bank, insurance company, financial institution or parent has an unsecured, uninsured and unguaranteed obligation (or claims-paying ability) rated in the two highest short-term rating categories by Moody's or S&P (if the term of such agreement does not exceed 365 days), or has an unsecured, uninsured and unguaranteed obligation (or claims paying ability) rated by Aa2 or better by Moody's and AA or better by S&P or Fitch, respectively (if the term of such agreement is more than 365 days) or is the lead bank of

a parent bank holding company with an uninsured, unsecured and unguaranteed obligation of the aforesaid ratings, provided:

interest is paid on any date interest is due on the Assessment Area 3B Bonds (not more frequently than quarterly) at a fixed rate {subject to adjustments for yield restrictions required by the Code) during the entire term of the agreement;

moneys invested thereunder may be withdrawn  without penalty, premium,  or charge upon not more  than  two (2) Business  Days' notice  unless otherwise specified  in a Supplemental Indenture;

the same guaranteed interest rate will be paid on any future deposits made to restore the account to its required amount;

the Issuer and the Trustee receive an opinion of counsel that such agreement ts an enforceable obligation of such insurance company, bank, financial institution or parent; and

in the event of a suspension, withdrawal, or downgrade below Aa3, AA- or AA- by Moody's, S&P or Fitch, respectively, the provider shall notify the Issuer and the Trustee within five (5) Business Days of such downgrade event and the provider shall at its option, within ten (IO) Business Days after notice is given to the Issuer and the Trustee take any one of the following actions:

collateralize the agreement at levels, sufficient to maintain an "AA" rated investment from S&P or Fitch and an "Aa2" from Moody's with a market to market approach, or
assign the ,igreement to another provider, as long as the minimum rating criteria of "AA" rated investment from S&P or Fitch and an "Aa2" from Moody's with a market to market approach; or

{C) have the agreement guaranteed by a provider which results  in  a minimum rating criteria of an "AA" rnted investment from S&P or Fitch and an "Aa2" from Moody's with a market to market approach; or

(D)	repay all amounts due and owing under the agreement.

in the event the provider has not satisfied any one of the above conditions within three (3) Business Days of the date such conditions apply, then the agreement shall provide that the Trustee shall be entitled to withdraw the entire amount invested plus accrued interest without penalty or premium.

bonds, notes and other debt obligations of any  corporation  organized  under  the laws of the United States, any state or organized territory of the United States or the District of Columbia, if such obligations are, at the time of purch,ise, rated A- or better  by at least  two (2) of the following rating  agencies:  Moody's,  S&P or Fitch  or  AA- or better  by either S&P,  Moody's or Fitch;

the Local Government Surplus Funds Trust Fund as described in Florida Statutes, Section 218.405 or the corresponding provisions of subsequent laws provided that such fund, at the time of purchase, is rated at least "AA" by S&P (without regard to gradation) or at least "Aa" by Moody's (without regard to gradation); and

other investments permitted by Florida law and directed by the Issuer.

A certificate of an Authorized Officer directing any investment enumerated above shall constitute a representation by the Issuer that such investment is permitted under this FomthFourth Supplemental Trust Indenture and is a legal investment for funds of the District, upon which the Trustee is conclusively entitled to rely.
"Majority Holders" means the Beneficial Owners of more than fifty percent (50%) in principal amount of the Outstanding Assessment Area 3B Bonds.

"Master Indenture" shall mean the Master Trust Indenture, dated as of June I, 2016, by and between the Issuer and the Trustee, as supplemented and amended with respect to matters pertaining solely to the Master Indenture or the Assessment Area 3B Bonds (as opposed to supplements or amendments relating to any Series of Bonds other than the Assessment Area 2B Bonds as specifically defined in this Fourth Supplemental Trust Indenture).

"Paying Agent" shall mean U.S. Bank National Association, and its successors and assigns as Paying Agent hereunder.
"Prepayment" shall mean the payment by any owner of property of the amount of Assessment Area 3B Assessments encumbering its property, in whole or in part, prior to its scheduled due date, including optional prepayments. The term "Prepayment" also means any proceeds received as a result of accelerating and/or foreclosing the Assessment Area 3B Assessments. "Prepayments" shall include, without limitation, Assessment Area 3B Prepayment Principal.
"Quarterly Redemption Date" shall mean each February I, May I, August I and November 1 of any calendar year.

"Redemption Price" shall mean the principal amount of any Assessment Area 3B Bond payable upon redemption thereof pursuant to this FourthFourth Supplemental Trust Indenture.
"Registrar" shall mean U.S. Bank National Association and its successors and assigns as Registrar hereunder.
"Regular Record Date" shall mean the  fifteenth day (whether  or not  a  Business  Day) of the calendar month next preceding each Interest Payment Date.
"Resolution" shall mean, collectively, (i) Resolution No. 2015-11 of the Issuer adopted on  November  6, 2014,  pursuant to which  the Issuer authorized  the issuance of  not exceeding
$50,000,000 aggregate principal amount of its Bonds to finance the construction or acquisition  of the Project, and (ii) Resolution No. 2019-[_] of the Issuer adopted on June 10, 2019  (the  "Delegation   Resolution"),   pursuant   to  which   the  Issuer  authorized,  among   other   things, the

issuance of the Assessment Area 3B Bonds to finance the acquisition of the Assessment Area 3B Project, specifying the details of the Assessment Area 3B Bonds and awarding the Assessment Arca 3B Bonds to the purchasers of the Assessment Area 3B Bonds.
"Substantially Absorbed" means the date 90% of the principal portion of the Assessment Area 38 Assessments have been assigned to residential units within Assessment Area 3B that have received certificates of occupancy.

'True-Up Agreement" shall mean the True-Up Agreement between the Assessment Area
3B Landowner and the District, dated as of[ 		, 2019].

"Trustee Bank" shall mean, with respect to a provider of Investment Obligations, the financial institution serving as Trustee hereunder.

Bonds.

"Underwriter" shall mean FMSbonds, Inc., the underwriter of  the  Assessment  Area 3B

The words  "hereof,"  "herein," "hereto," "hereby,"  and  "hereunder"  (except  in the  form of

Assessment Area 3B Bonds), refer to the entire Assessment Area 3B Indenture.

Every "request," "requisition," "order," "demand," "application," "notice," "statement," "certificate," "consent," or similar action hereunder by the Issuer shall, unless the form or execution thereof is otherwise specifically provided, be in writing signed hy the Chairman or Vice Chairman and the Treasurer or Assistant Treasurer or the Secretary or Assistant Secretary or Responsible Officer of the Issuer.

All words and terms importing the singular number shall, where  the  context  requires, import the plural number and vice versa.
[END OF ARTICLE I]

ARTICLE II
THE ASSESSMENT AREA 3B BONDS

SECTION 2.01. Amounts and Terms of Assessment Area 3B Bonds· Issue of Assessment Area 3B Bonds. No Assessment Area 38 Bonds may be issued under this FourthFourth Supplemental Trust Indenture except in accordance with the provisions of this Article and Articles II and III of the Master Indenture.

(a) The total principal amount of Assessment Area 3B Bonds that may be issued under this FourthFourth Supplemental Trust Indenture is expressly limited to
$[ 	]. The Assessment Area 3B Bonds shall be numbered consecutively from R-1 and upwards.

{b) Any and all Assessment  Area 3B Bonds shall be issued substantially in  the form attached hereto as Exhibit B, with such appropriate variations, omissions and insertions as are permitted or required by the Assessment Arca 3B Indenture and with such additional changes as may be necessary or appropriate to conform to the provisions of the Resolution. The Issuer shall issue the Assessment Area 3B Bonds upon execution of this FourthFourth Supplemental Trust Indenture and satisfaction of the requirements of Section
of the Master Indenture; and the Trustee shall, at the Issuer's request, authenticate such Assessment Area 3B Bonds and deliver them as specified in the request.

SECTION 2.02.   Execution.   The Assessment  Area 3B Bonds shall be executed  by the Issuer as set forth in the Master Indenture.

SECTION 2.03. Authentication. The Assessment Area 3B Bonds  shall  be authenticated as set forth in the Master Indenture. No Assessment Area 3B Bond shall be valid until the certificate of authentication shall have been duly executed by the Trustee, as provided in the Master Indenture.

SECTION 2.04.   Purpose, Designation  and Denominations of, and Interest Accruals on the Assessment Area 38 Bonds.

The Assessment Area 38 Bonds arc being issued hereunder in order to provide funds (i) for the payment of the Costs of acquiring and/or constructing the Assessment Area 3B Project, (ii) to fund the Assessment Area 3B Reserve Account in an amount equal to the Assessment Area 38 Reserve Requirement, (iii) funding a portion of the interest coming due on the Assessment Area 38 Bonds and (iv) to pay the costs of issuance of the Assessment Area 3B Bonds. The Assessment Area 38 Bonds shall be designated "Towne  Park Community Development District Special Assessment Bonds, Series 2019 (Assessment Area
38 Project)," und shall be issued as fully registered Bonds without coupons in Authorized Denominations.

The Assessment Area 38 Bonds shall be dated as of the date of initial delivery. lnterest on the Assessment Area 3B Bonds shall he payable on each Interest Payment Date to maturity or prior redemption. Interest on the Assessment  Area  38  Bonds  shall  be payable from the most recent Interest Payment Date next preceding the date of authentication thereof to which interest has been paid, unless the dute of authentication thereof is a May I or

November 1 to which interest has been paid, in which case from such date of authentication, or unless the date of authentication thereof is prior to November I, 20[_], in which case from the date of initial delivery or unless the date of authentication thereof is between a Record Date and the next succeeding Interest Payment Date, in which case from such Interest Payment Date.

Except as otherwise provided in Section 2.07 of this FourthFourth Supplemental Trust Indenture in connection with a book entry only system of registration of the Assessment Area 3B Bonds, the principal or Redemption Price of the Assessment Area 3B Bonds shall be payable in lawful money of the United States of America at the designated corporate trust office of the Paying Agent upon presentation of such Assessment Area 3B Bonds. Except as otherwise provided in Section 2.07 of this FomthFourth Supplemental Trust Indenture in connection with a book entry only system of registration of the Assessment Area 3B Bonds, the payment of interest on the Assessment Area 3B Bonds shall be made on each Interest Payment Date to the Owners of the Assessment Arca 3B Bonds by check or draft drawn on the Paying Agent and mailed on the applicable Interest Payment Date to each Owner as such Owner appears on the Bond Register maintained by the Registrar as of the close of business on the Regular Record Date, at his address as it appears on the Bond Register. Any interest on any Assessment Area 3B Bond which is payable, but is not punctually paid or provided for on any Interest Payment Date (hereinafter called "Defaulted Interest") shall be paid to the Owner in whose name the Assessment Area 3B Bond is registered at the close of business on a Special Record Date to be fixed by the Trustee, such date to be not more than fifteen (15) nor less than ten (10) days prior to the date of proposed payment. The Trustee shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be mailed, first-class, postage-prepaid, to each Owner of record as of the fifth (5th) day prior to such mailing, at his address as it appears in the Bond Register not less than ten ( I 0) days prior to such Special Record Date. The foregoing notwithstanding, any Owner of Assessment Area 3B Bonds in an aggregate principal amount of at least $1,000,000 shall be entitled to have interest paid by wire transfer to such Owner to the bank account number on file with the Paying Agent, upon requesting the same in a writing received by the Paying Agent at least fifteen (15) days prior to the relevant Record Date, which writing shall specify the bank, which shall be a bank within the continental United States, and bank account number to which interest payments are to be wired. Any such request for interest payments by wire transfer shall remain in effect until rescinded or changed, in a writing delivered by the Owner to the Paying Agent, and any such rescission or change of wire transfer instructions must be received by the Paying Agent at least fifteen (15) days prior to the relevant Record Date.
SECTION 2.05.	Debt Service on the Assessment Area 3B Bonds.

The Assessment Area 3B Bonds will mature on May 1 in the years and in the principal amounts, and bear interest at the rates all set forth below, subject to the right of prior redemption in accordance with their terms.

Amount
$

Interest Rate
o/c

Interest on the Assessment Area 3B Bonds will be computed in all cases  on the basis of a 360 day year of twelve 30 day  months.  Interest  on overdue  principal  and, to  the extent lawful, on overdue interest will be payable at the numerical rate of interest  borne  by  the Assessment Area 3B Bonds on the day before the default occurred.

SECTION 2.06.	Disposition  of  Assessment  Area  3B  Bond  Proceeds.   From the net
proceeds of the Assessment  Area 3B Bonds received by the Trustee in the amount of $[ 		]
(consisting  of$[ 	]in principal  amount of  Assessment  Area 3B  Bonds,  [less $[ 	    ]
of Underwriter's Discount] and less$[ 		of original issue discount):

$[ 	]derived from the net proceeds of the Assessment Area 3B Bonds (which is an amount equal to the Assessment Area 3B Reserve Requirement) shall be deposited in the Assessment Area 3B Reserve Account of the Debt Service Reserve Fund;

$[ 	]derived from the net proceeds of the Assessment Area 3B Bonds shall be deposited in the Assessment Area 3B Capitalized Interest Account of the Debt Service Reserve Fund;

$[ 	] derived from the net proceeds of the Assessment Area 38 Bonds shall be deposited into the Assessment Area 3B Costs of Issuance Account of the Acquisition and Construction Fund for payment of the costs of issuing the Assessment Area 3B Bonds; and

$[ 	]derived from the net proceeds of the Assessment Area 3B Bonds shall be deposited in the Assessment Area 3B Acquisition and Construction  Account  of the Acquisition and Construction Fund which the Issuer shall cause to be applied only to the payment of Costs of the Assessment Area 38  Project  in  accordance  with  Section  4.0l(a)  hereof, Article V of the Master Indenture and the terms of the Acquisition Agreement, with  respect lo the Assessment Area 3B.

SECTION 2.07.  Book-Entry  Form of  Assessment  Area 3B Bonds.  The Assessment Area 38 Bonds shall be issued as one fully registered bond for each maturity of  Assessment  Area 3B Bonds and deposited with The Depository Trust Company ("DTC"), New York, New York, which is responsible for establishing and maintaining records of ownership for its participants.

As long as the Assessment Area 3B Bonds are held in book-entry-only form, Cede & Co. shall be considered the registered owner for all purposes hereof and in the Master Indenture and the Assessment Area 3B Bonds shall not be required to be presented for payment. DTC shall be responsible for maintaining a book-entry-only system for recording the ownership interest of its participants ("DTC Participants") and other institutions that clear through or maintain a custodial relationship with a DTC Participant, either directly or indirectly ("Indirect Participants"). The DTC Participants and Indirect Participants will be responsible for maintaining records with respect to the beneficial ownership interests of individual purchasers of the Assessment Area 3B Bonds ("Beneficial Owners").

Principal and interest on the Assessment Area 3B Bonds registered in the name of Cede & Co. prior to and at maturity shall be payable directly to Cede & Co. in care of DTC. Disbursal of such amounts to DTC Participants shall be the responsibility of DTC. Payments by DTC

Participants to Indirect Participants, and by DTC Participants and Indirect Paiticipants to Beneficial Owners shall be the responsibility of DTC Participants and Indirect Paiticipants and not of DTC, the Trustee or the Issuer.

Individuals may purchase beneficial interests in Authorized Denominations in book­ entry-only form, without certificated Assessment Area 3B Bonds, through DTC Participants and Indirect Participants.
During the period for which Cede & Co. is registered owner of the Assessment Area 3B Bonds, any notices to be provided to any Beneficial Owner will be provided to Cede & Co. DTC shall be responsible for notices to DTC Participants and DTC Participants shall be responsible for notices to Indirect Participants, and DTC Participants and Indirect Participants shall be responsible for notices to Beneficial Owners.
The Issuer and the Trustee, if appropriate, shall enter into a blanket letter of representations with DTC providing for such book-entry-only system. Such agreement may be terminated at any time by either DTC or the Issuer in accordance  with the procedures of DTC. In the event of such termination, the Issuer shall select another securities depository and in that event, all references herein to DTC or Cede & Co., shall be deemed to be for reference to such successor. If the Issuer does not replace DTC, the Trustee will register and deliver to the Beneficial Owners replacement Assessment Area 3B Bonds in the form of fully registered Assessment Area 3B Bonds in accordance with the instructions from Cede & Co.
In the event DTC, any successor of DTC or the Issuer, but only in accordance with the procedures of DTC, elects to discontinue the book-entry only system,  the  Trustee  shall  deliver bond certificates in accordance with the instructions from DTC or  its  successor  and  after such  time Assessment Area 38 Bonds may be exchanged for an equal aggregate principal amount of Assessment Area 3B Bonds in other Authorized Denominations upon surrender thereof at the designated corporate trust office of the Trustee.
SECTION 2.08.      Appointment of Registrar and Paying Agent. The Issuer shall keep, at the designated corporate trust office of the Registrar, books (the "Bond Register") for the registration, transfer and exchange of the Assessment Area 38 Bonds, and hereby appoints U.S. Bank National Association, as its Registrar to keep such books and make such registrations, transfers, and exchanges as required hereby. U.S. Bank National Association hereby accepts its appointment as Registrar and its duties and responsibilities as Registrar hereunder. Registrations, transfers and exchanges shall be without charge to the Bondholder requesting such registration, transfer or exchange, but such Bondholder shall pay any taxes or other governmental charges on all registrations, transfers and exchanges.

The Issuer hereby appoints U.S. Bank National Association as Paying Agent for the Assessment Area 38 Bonds. U.S. Bank National Association hereby accepts its appointment as Paying Agent and its duties and responsihilities as Paying Agent hereunder.

SECTION 2.09.	Conditions  Precedent   to  Issuance  of  the  Assessment   Area 38
Bonds. In addition to complying with the requirements set forth in the Master Indenture in connection with the issuance of the Assessment Area 38 Bonds, all the Assessment Area 38 Bonds  shall  be  executed  by  the  Issuer  for  delivery  to  the  Trustee  and  thereupon  shall be

authenticated by the Trustee and delivered to the Issuer or upon its order, but only upon the further receipt by the Trustee of:
Certified copies of the Assessment Resolutions;

Executed originals of the Master Indenture and this FourthFourth Supplemental Tiust Indenture;

and

Opinion(s) of Counsel lo the District required by the Master Indenture;

A certificate of an Authorized Officer to the effect that, upon the

authentication and delivery of the Assessment Area 3B Bonds, the  Issuer  will  not  be  in default in the performance of the terms and provisions of the Master Indenture or this FourthFourth Supplemental Trust Indenture.
Copies of executed investor letters in the form attached hereto as Exhihit D if such investor letter is required, as determined by the Underwriter; and

Executed copies of the Collateral  Assignment,  the  Acquisition Agreement, the Arbitrage Certificate, the Declaration of Consent, the Continuing Disclosure Agreement and the True-Up Agreement.

Payment to the Trustee of the net proceeds of the Assessment Area 3B Bonds shall be conclusive evidence that the foregoing conditions have been satisfied as to the Issuer and the Underwriter.

[END OF ARTICLE II]

ARTICLE Ill
REDEMPTION OF ASSESSMENT AREA 3B BONDS

SECTION 3.01.	Redemption Dates and Prices. The Assessment Area 3B Bonds
shall be subject to redemption at the times and in the manner provided in Article VIII of the Master Indenture and in this Article III. All payments of the Redemption Price of  the Assessment Area 3B Bonds shall be made on the dates hereinafter required. Except as otherwise provided in this Section 3.01, if less than all the Assessment Area 3B Bonds of a maturity are to be redeemed pursuant to un extraordinary mandatory redemption, the Trustee shall select the Assessment Area 3B Bonds or portions of the Assessment Area 3B Bonds to be redeemed by lot. Partial redemptions of Assessment Area 38 Bonds shall, to the extent possible, be made in such a manner that the remaining Assessment Area 3B Bonds held by each Bondholder shall be in Authorized Denominations, except for the last remaining Assessment Area 38 Bond.

The Assessment Area 3B Bonds are subject to redemption prior  to  maturity  in  the amounts, at the times and in the manner  provided  below.  All payments of  the Redemption  Price  of the Assessment Area 3B Bonds shall be made on the dates specified below.  Upon  any redemption of Assessment Area 3B Bonds other than in accordance with scheduled mandatory sinking fund redemptions, the Issuer shall cause to be recalculated and delivered to the Trustee revised mandatory sinking fund redemption amounts recalculated so  us  to  amortize  the Outstanding principal amount of Assessment Area 38 Bonds in substantially equal unnual installments of principal and interest (subject to rounding to Authorized  Denominations  of principal) over the remaining term of the Assessment Area  3B Bonds.  The  mandatory  sinking  fund redemption amounts as so recalculated shall not result in an increase in the aggregate of the mandatory sinking fund redemption amounts for all Assessment  Area  3B Bonds  in any  year.  In the event of a redemption or purchase occurring less than 45 days prior to a date on which a mandatory sinking fund redemption payment is due,  the  foregoing  recalculation  shall  not  be made to the mandatory sinking fund redemption amounts due in  the  year  in  which  such redemption occurs, but shall be made to the mandatory sinking fund redemption amounts for the immediately succeeding and subsequent years.

Optional Redemption. The Assessment Area 3B Bonds maturing on or after May l, 20[_] may, at the option of the Issuer, be called for redemption prior to maturity as a whole or in part, at any time, on or after May 1, 20[_] (less than all Assessment Area 3B Bonds of a maturity to be selected by lot), at a Redemption Price equal to the principal amount of Assessment Area 3B Bonds to be redeemed, plus accrued interest from the most recent Interest Payment Date through which interest has been paid to the redemption date from moneys on deposit in the Assessment Area 3B Optional Redemption Subaccount of the Assessment Area 3B Bond Redemption Account. If such optional redemption shall be in part, the Issuer shall select such principal amount of Assessment Area 3B Bonds to be optionally redeemed from each maturity so that debt service on the remaining Outstanding Assessment Area 3B Bonds is substantially level.

Extraordinary Mandatory Redemption in Whole or in Part. The Assessment Area 3B Bonds are subject to extraordinary mandatory redemption prior to maturity by the Issuer in whole or in pait, on any date (other than in the case of clause (i) below, which extraordinary mandatory redemption in part must occur on a Quarterly

Redemption Date), at a Redemption Price equal to 100% of the principal amount of the Assessment Area 3B Bonds to be redeemed, plus interest accrued to the redemption date, as follows:

from Assessment Arca 3B Prepayment Principal deposited into the Assessment Area 3B Prepayment Subaccount of the Assessment Area 3B Bond Redemption Account following the payment in whole or in part of Assessment Area 3B Special Assessments on any assessable property within the District in accordance with the provisions of Section 4.05(a) of this FourthFourth Supplemental Trust Indenture, together with any excess moneys transferred by the Trustee from the Assessment Area 3B Reserve Account to the Assessment Area 3B Prepayment Subaccount as a result of such Assessment Arca 3B Prepayment and pursuant to Sections 4.0l(g) and 4.05(a) of this FourthFourth Supplemental Indenture. If such redemption shall be in part, the Issuer shall select such principal amount of Assessment Area 3B Bonds to be redeemed from each maturity so that debt service on the remaining Outstanding Assessment Arca 3B Bonds is substantially level.

from moneys, if any, on deposit in the Assessment Area 3B Funds, Accounts and Subaccounts in the Funds and Accounts (other than the Assessment Area 3B Rebate Fund and the Assessment Area 3B Acquisition and Construction Account) sufficient to pay and redeem all Outstanding Assessment Arca 3B Bonds and accrued interest thereon to the redemption date or dates in addition to all amounts owed to Persons under the Master Indenture.

upon the Completion Date, from any funds remaining on deposit in the Assessment Area 3B Acquisition  and  Construction  Account  in  accordance  with  the provisions of Section 4.0l(a) hereof, not otherwise reserved to complete the Assessment Area 3B Project, and transferred to the Assessment Area 3B General Redemption Subaccount of the Assessment Area 3B Bond Redemption Account. If such redemption  shall  be in  part, the Issuer shall select such principal amount of Assessment Area 3B Bonds to be  redeemed  from  each maturity so that debt service on the remaining Outstanding Assessment Area 3B Bonds is substantially level.

Mandatory Sinking Fund Redemption. The Assessment Area 3B Bonds maturing on May I, 20l_] are subject to mandatory sinking fund redemption from the moneys on deposit in the Assessment Area 3B Sinking Fund Account on May I in the years and in the mandatory sinking fund redemption amounts set forth below at a Redemption Price of 100% of their principal amount plus accrued interest to the date of redemption.

 	Year	

Mandatory Sinking Fund
 	Redemption Amount	
$

' Maturity

The Assessment Area 3B Bonds maturing on May l, 20[_] are subject to mandatory sinking fund redemption from the moneys on deposit in the Assessment Area 3B Sinking Fund Account on May l in the years and in the mandatory sinking fund redemption amounts set fmth below at a Redemption Price of 100% of their principal amount plus accrued interest to the date of redemption.

Year

Mandatory Sinking Fund Redemption Amount

$

'	Maturity

The Assessment Area 3B Bonds maturing on May I, 20[_] are subject to mandatory sinking fund redemption from the moneys on deposit in the Assessment Area 3B Sinking Fund Account on May 1 in the years and in the mandatory sinking fund redemption amounts set forth below at a Redemption Price of 100% of their principal amount plus accrued interest to the date of redemption.

Mandatory Sinking Fund
Year	Redemption Amount
$

* Maturity

[REMAINDER OF PAGE INTENTIONALLY LEFf BLANK]

The Assessment Area 38 Bonds maturing on May I, 20[_] are subject to mandatory sinking fund redemption from the moneys on deposit in the Assessment Area 38 Sinking Fund Account on May I in the years and in the mandatory sinking fund redemption amounts set forth below at a Redemption Price of 100% of their principal amount plus accrued interest to the date of redemption.

 	Year	

Mandatory Sinking Fund
 	Redemption  Amount	
$

"Maturity

SECTION 3.02.	Notice of Redemption. When required to redeem Assessment Area
38 Bonds under any provision of this FourthFourth Supplemental Trust Indenture or directed to redeem Assessment Area 3B Bonds by the Issuer, the Trustee shall give or cause to be given to Owners of  the Assessment  Area 3B Bonds to be redeemed,  notice of  the redemption, as set  forth  in Article VIII of the Master Indenture.

[END OF ARTICLE III)

ARTICLE IV
ESTABLISHMENT OF CERTAIN FUNDS AND ACCOUNTS; ADDITIONAL COVENANTS OF THE ISSUER; PREPAYMENTS; REMOVAL OF ASSESSMENT AREA 3B ASSESSMENT LIENS
SECTION 4.01.	Establishment of Certain Funds and Accounts.

The Trustee shall establish a separate account within the Acquisition and Construction Fund designated as the "Assessment Area 3B Acquisition and Construction Account." Proceeds of the Assessment Area 3B Bonds shall be deposited into the Assessment Area 3B Acquisition and Construction Account in the amount set forth in Section 2.06 of this FourthFourth Supplemental Trust Indenture, together with any moneys transferred thereto, and such moneys shall be applied by the Issuer as set forth in this Section 4.0l(a) of this Fourth Supplemental Indenture, Section 5.0 l of the Master Indenture, and the Acquisition Agreement. Funds on deposit in the Assessment Area 3B Acquisition and Construction Account shall only be applied to the Costs of the Assessment Area 3B Project.

After the Completion Date for the Assessment Area 3B Project, any moneys remaining in the Assessment Area 3B Acquisition and Construction Account after retaining costs to complete the Assessment Area 3B Project, shall be transferred to the Assessment Area 3B General Redemption Subaccount of the Assessment Area 3B Bond Redemption Account, all as directed in writing from the Issuer, or from the District Manager on behalf of the Issuer, to the Trustee and the Assessment Area 3B Acquisition and Construction Account shall be closed. Except as provided in Section 5.06 hereof, only upon presentment to the Trustee of a properly signed requisition in substantially the form attached hereto as Exhibit C, shall the Trustee withdraw moneys from the Assessment Area 3B Acquisition and Construction Account.
Pursuant to the Master Indenture, the Trustee shall establish a separate account within the Acquisition and Construction Fund designated as the "Assessment Area 3B Costs of Issuance Account." Proceeds of the Assessment Area 3B Bonds shall be deposited into the Assessment Area 3B Costs of Issuance Account in the amount set forth in Section 2.06 of this FourthFourth Supplemental Trust Indenture. Upon presentment to the Trustee of a properly signed requisition in substantially the form attached hereto as Exhibit C, the Trustee shall withdraw moneys from the Assessment Area 3B Costs of Issuance Account to pay the costs of issuing the Assessment Area 3B Bonds. Six months after the issuance of the Assessment Area 3B Bonds, any moneys remaining in the Assessment Area 3B Costs of Issuance Account in excess of the costs of issuing the Assessment Area 3B Bonds requested to be disbursed by the Issuer shall be deposited into the Assessment Arca 3B Interest Account and the Assessment Area 3B Costs of Issuance Account shall be closed. Any deficiency in the amount allocated to pay the cost of issuing the Assessment Area 3B Bonds shall be paid from excess Assessment Area 3B Pledged Revenues on deposit in the Assessment Area 3B Revenue Account.
Pursuant to Section 6.03 of the Master Indenture, the Trustee shall establish a separate Account within the Revenue Fund designated as the "Assessment Area 3B Revenue Account." Assessment Arca 3B Assessments (except for Prepayments of Assessment Area 3B Assessments which shall be identified as such by the Issuer to the Trustee and deposited in the Assessment Area 3B Prepayment Subaceount) shall be deposited by the

Trustee into the Assessment Area 3B Revenue Account which shall be applied as set forth in Section 6.03 of the Master Indenture and Section 4.02 of this FourthFourth Supplemental Trust Indenture. The Trustee may conclusively rely that unless expressly indicated in writing by the District as a Prepayment upon deposit thereof with the Trustee, payments of Assessment Area 3B Assessments are to be deposited into the Assessment Area 3B Revenue Account.
[RESERVED]

Pursuant to Section 6.04 of the Master Indenture and Section 4.02 of this Fourth Supplemental Indenture, the Trustee shall establish a separate Account within the Debt Service Fund designated as the "Assessment Area 3B Interest Account." Moneys deposited into the Assessment Area 3B Interest Account pursuant to Section 6.04 of the Master Indenture and Sections 2.06 and 4.02 of this FourthFourth Supplemental Trust Indenture, shall be applied for the purposes provided therein and used to pay interest on the Assessment Area 3B Bonds.

Pursuant to Section 6.04 of the Master Indenture, the Trustee shall establish a separate Account within the Debt Service Fund designated as the "Assessment Area
38 Capitalized Interest Account." Moneys deposited into the Assessment Area 3B Interest Account pursuant to Section 6.04 of the Master Indenture and Section 2.06 of this FourthFourth Supplemental Trust Indenture, shall he applied for the purposes provided therein and used to pay capitalized interest on the Assessment Area 3B Bonds. The Trustee shall close the Assessment Area 3B Capitalized Interest Account immediately upon the depletion of all funds on deposit therein.

Pursuant to Section 6.04 of the Master Indenture, lhe Trustee shall establish a separate account within the Debt Service Fund designated as the "Assessment Area 3B Sinking Fund Account." Moneys shall be deposited into the Assessment Area 3B Sinking Fund Account as provided in Section 6.04 of the Master Indenture and applied for the purposes provided therein and in Section 3.01(c) of this FourthFourth Supplemental Trust Indenture.

Pursuant to Section 6.05 of the Master Indenture, the Trustee shall establish a separate Account within the Debt Service Reserve Fund designated as the "Assessment Area 3B Reserve Account." Proceeds of the Assessment Area 3B Bonds shall be deposited into the Assessment Area 3B Reserve Account in the amount set forth in Section
2.06 of this FourthFourth Supplemental Trust Indenture, and such moneys, together with any
other moneys deposited into the Assessment Area 38 Reserve Account shall be applied for the purposes provided therein and in this Section 4.0l(f) and Section 4.05 of this FourthFourth Supplemental Trust Indenture. Notwithstanding any provisions in the Master Indenture to the contrary, the Issuer covenants not to substitute the cash and Investment Obligations on deposit in the Assessment Area 3B Reserve Account with a Debt Service Reserve Insurance Policy or a Debt Service Reserve Letter of Credit. Except as provided in the next paragraph, all investment eurnings on moneys in the Assessment Area 3B Reserve Account shall remain on deposit therein.

On each March 15 and September 15 (or, if such date is not a Business Day, on the Business Day next preceding such day), the Trustee shall determine the umount on deposit in the Assessment Arca 3B Reserve Account and transfer any excess therein above the Reserve

Requirement for the Assessment Area 3B Bonds caused by investment earnings to the Assessment Area 3B Revenue Account in accordance with Section 4.02 hereof.

In the event of a prepayment of Assessment Area 3B Special Assessments in accordance with Section 4.05(a) of this Fourth Supplemental Indenture, 45 days before the next Quarterly Redemption Date, the Trustee shall recalculate the Assessment Area 3B Reserve Requirement taking into account the amount of Assessment Area 3B Bonds that will be outstanding as a result of such prepayment of Assessment Area 3B Special Assessments, and cause the amount on deposit in the Assessment Arca 3B Reserve Account in excess of the Assessment Area 3B Reserve Requirement, resulting from Assessment Area 3B Prepayment Principal to be transferred to the Assessment Area 3B Prepayment Subaccount to be applied toward the extraordinary redemption of Assessment Area 3B Bonds in accordance with Section 3.0l(b)(i), as a credit against the Assessment Arca 3B Prepayment Principal otherwise required to be made by the owner of such prope1ty subject to Assessment Area 3B Special Assessments.

Notwithstanding any of the foregoing, amounts on deposit in the Assessment Area 3B Reserve Account shall be transferred by the Trustee, in the amounts directed in writing by the Majority Holders of the Assessment Area 3B Bonds to the Assessment Area 3B General Redemption Subaccount of the Assessment Area 3B Bond Redemption Account, if as a result of the application of Article X of the Master Indenture, the proceeds received from lands sold subject to the Assessment Area 3B Assessments and applied to redeem a portion of the Assessment Area 3B Bonds is less than the principal amount of Assessment Area 3B Bonds indebtedness attributable to such lands.
Pursuant to Section 6.06 of the Master Indenture, the Trustee shall establish a separate Series Bond Redemption Account within the Bond Redemption Fund designated as the "Assessment Area 3B Bond Redemption Account" and within such Account, an "Assessment Area 3B General Redemption Subaccount," an "Assessment Area 3B Optional Redemption Subaccount," and an "Assessment Area 3B Prepayment Subaccount." Except as otherwise provided in this FourthFourth Supplemental Trust Indenture regarding Prepayments or in connection with the optional redemption of the Assessment Area 3B Bonds, moneys to be deposited into the Assessment Area 3B Bond Redemption Account as provided in Section 6.06 of the Master Indenture, shall be deposited to the Assessment Area 3B General Redemption Subaccount of the Assessment Area 3B Bond Redemption Account.

Moneys that are deposited into the Assessment Area 3B General Redemption Subaccount of the Assessment Area 3B Bond Redemption Account (including all earnings on investments held therein) shall be used to call for the extraordinary mandatory redemption in whole, pursuant to Section 3.0l(b){ii) hereof, the Outstanding amount of Assessment Area 3B Bonds.

U) Moneys that are  deposited  into  the  Assessment  Area  3B  General Redemption Subaccount of the Assessment Area 3B Bond Redemption Account upon the applicable Completion Date, from any funds remaining on deposit in the Assessment Area 3B Acquisition and Construction Account, shall be used to call for the extraordinary mandatory redemption in part, pursuant to and in the manner provided in Section 3.0l(b)(iii) hereof.

Moneys in the Assessment Area 3B Prepayment Subaccount of the Assessment Area 3B Bond Redemption Account (including all earnings on investments held in such Assessment Area 3B Prepayment Subaccount of the Assessment Area 3B Bond Redemption Account) shall be accumulated therein to be used to call for redemption pursuant to Section 3.0l(b)(i) hereof an amount of Assessment Area 3B Bonds equal to the amount of money transferred to the Assessment Area 3B Prepayment Subaccount of the Assessment Area 3B Bond Redemption Account for the purpose of such extraordinary mandatory redemption on the dates and at the price provided in such Section 3.01(b)(i) hereof.

The Issuer hereby directs the Trustee to establish a separate account in the Rebate Fund designated as the "Assessment Area 3B Rehate Account." Moneys shall be deposited into the Assessment Area 3B Rebate Account, as provided in the Arbitrage Certificate and applied for the purposes provided therein.

(m) Moneys on deposit in the Assessment Area 3B Optional Redemption Subaccount shall be used to optionally redeem all or a portion  of  the  Assessment  Area  3B Bonds pursuant to Section 3.0l(a) hereof.

SECTION 4.02.	Assessment Area 3B Revenue Account. The Trustee shall transfer
from amounts on deposit in the Assessment Area 3B Revenue Accounl to the Funds and Accounts designated below, the following amounts, at the following times and in the following order of priority:

FIRST, upon receipt but no later than the Business Day next preceding each Interest Payment Date commencing [November 1, 20_], to the Assessment Arca 3B Interest Account of the Debt Service Fund, an amount equal to the interest on the Assessment Area 3B Bonds becoming due on the next succeeding Interest Payment Date, less any amount on deposit in the Assessment Area 3B Interest Account not previously credited; provided, however the Trustee shall first use the amounts on deposit in the Assessment Area 3B Capitalized Interest Account to pay interest on each Interest Payment Date, before transferring any funds to the Assessment Area 3B Interest Account for the purpose set forth in this FIRST paragraph;

SECOND, no later than the Business Day  next  preceding  each  May  1, commencing May 1, 20[_]20, to the Assessment Area 3B Sinking Fund  Account  of  the Debt Service Fund, an amount equal to the principal amount  of  Assessment  Area  3B Bonds subject to sinking fund redemption on such  May  I,  less any amount on deposit  in the Assessment Area 38 Sinking Fund Account not previously credited;

THIRD, on the Business Day next preceding each Interest Payment Date while Assessment Area 3B Bonds remain Outstanding, to the Assessment Area 3B Reserve Account, an amount equal  to the amount, if any,  which is  necessary  to  make the amount on deposit therein equal to the Reserve Requirement for the Assessment Area 3B Bonds;

FOURTH, notwithstanding the foregoing, at any time the Assessment Area  3B Bonds are subject to redemption on a date which is not a May 1 or November I Interest Payment Date, the Trustee shall be authorized to transfer to the Assessment Area 3B

Interest Account, the amount necessary to pay interest on the Assessment Area 3B Bonds subject to redemption on such date; and

FIFTH, subject to the foregoing paragraphs, the balance of any moneys remaining after making the foregoing deposits shall be first deposited into the Assessment Area 3B Costs of Issuance Account to cover any deficiencies in the amount allocated to pay the cost of issuing the Assessment Area 3B Bonds and next, any balance in the Assessment Area 3B Revenue Account shall remain on deposit in such Assessment Area 3B Revenue Account, unless pursuant to the Arbitrage Ce1tificate, it is necessary to make a deposit into the Assessment Area 3B Rebate Fund, in which case, the Issuer shall direct the Trustee to make such deposit thereto.

SECTION 4.03.	Power to Issue Assessment Area 3B Bonds and Create Lien. The
Issuer is duly authorized under the Act and all applicable laws of the State to issue the Assessment Area 3B Bonds, to execute and deliver the Assessment Area 3B Indenture and to pledge the Assessment Area 3B Pledged Revenues for the benefit of the Assessment Area 3B Bonds to the extent set forth herein. The Assessment Area 3B Pledged Revenues arc not and shall not be subject to any other lien senior to or on a parity with the lien created in favor of the Assessment Area 3B Bonds, except as otherwise permitted under the Master Indenture. The Assessment Area 3B Bonds and the provisions of the Assessment Area 3B Indenture are and will be valid and legally enforceable obligations of the Issuer in accordance with their respective terms. The Issuer shall, at all times, to the extent permitted by law, defend, preserve and protect the pledge created by the Assessment Area 3B Indenture and all the rights of the Owners of the Assessment Area 3B Bonds under the Assessment Area 3B Indenture against all claims and demands of all persons whomsoever.

SECTION 4.04. Project to Conform to Consulting Engineers Report.  Upon  the issuance of the Assessment Area 3B Bonds, the Issuer will promptly proceed to acquire the Assessment Area 3B Project, as described in Exhibit A hereto and in the Consulting Engineers Report relating thereto, all pursuant to the terms and provisions of the applicable Acquisition Agreement.
SECTION 4.05.	Prepayments; Removal of Assessment Area 3B Assessment Liens.

At any time any owner of property subject to the Assessment Area 3B Assessments may, at its option, or as a result of acceleration of the Assessment Area 3B Assessments because of non-payment thereof, shall, or by operation of law, require the Issuer to reduce or release and extinguish the lien upon its property by virtue of the levy of the Assessment Area 3B Assessments by paying or causing there to be paid, to the Issuer all or a portion of the Assessment Area 38 Assessment, which shall constitute Assessment Area 3B Prepayment Principal, plus, except as provided below, accrued interest to the next succeeding Quarterly Redemption Date (or the first succeeding Quarterly Redemption Date that is at least 45 days after such prepayment, if such Prepayment is made within 45 calendar days before the next succeeding Quarterly Redemption Date, as the case may be), attributable to the property subject to Assessment Area 3B Assessments owned by such owner. To the extent that such prepayments are to be used to redeem Assessment Area 3B Bonds pursuant to Section 3.0l(b)(i) hereof, in the event the amount on deposit in the Assessment Area 3B Reserve Account will exceed the

Assessment Area 3B Reserve Requirement for the Assessment Area 3B Bonds as a result of a prepayment in accordance with this Section 4.0S(a) and the resulting extraordinary mandatory redemption in accordance with Section 3.0l(b)(i) of this Fourth Supplemental Indenture of Assessment Area 3B Bonds, the excess amount shall be transferred from the Assessment Area 3B Reserve Account to the Assessment Area 3B Prepayment Subaccount, as a credit against the Assessment Area 3B Prepayment Principal otherwise required to be paid by the owner of such lot or parcel, upon written instructions of the Issuer together with a certificate of a Responsible Officer of the Issuer stating that, after giving effect to such transfers sufficient moneys will be on deposit in the Assessment Area 3B Reserve Account to equal or exceed the Assessment Area 3B Reserve Requirement.

Upon receipt of Assessment Area 3B Prepayment Principal as described in paragraph (a) ahove, subject to satisfaction of the conditions set forth therein, the Issuer shall immediately pay the amount so received to the Trustee, and the Issuer shall take such action as is necessary to record in the official improvement lien book of the District that the Assessment Area 3B Assessment has been paid in whole or in part and that such Assessment Area 3B Assessment lien is thereby reduced, or released and extinguished, as the case may be.
[END OF ARTICLE IV]

ARTICLEV
COVENANTS AND DESIGNATIONS OF THE ISSUER

SECTION 5.01. Collection of  Assessment  Area 38  Assessments.  Pursuant to the  terms and provisions of the Master Indenture, the Issuer shall collect the Assessment Area 3B Assessments relating to the acquisition and construction of the Assessment Area 38 Project through the Uniform Method of Collection (the "Uniform Method") afforded by Chapter 197, Florida Statutes. Pursuant to the terms and provisions of the Master Indenture, the Issuer shall, pursuant to the provisions of the Assessment Resolutions, directly collect the Assessment Area 3B Assessments levied in lieu of the Uniform Method with respect to any lands within Assessment Area 3B Area that have not been platted. In addition, and not in limitation of, the covenants contained elsewhere in this FourthFourth Supplemental Trust Indenture and in the Master Indenture, the Issuer covenants to comply with the terms of the proceedings heretofore adopted with respect to the Assessment Area 3B Assessments, and to levy the Assessment Area 3B Assessments in such manner as will generate funds sufficient to pay Debt Service on the Assessment Area 3B Bonds when due.

SECTION 5.02. Continuing Disclosure. Contemporaneously with the execution and delivery hereof, the Issuer and the Assessment Area 3B Landowner have executed and delivered a Continuing Disclosure Agreement in order to assist the Underwriter in complying with the requirements of Rule 15c2-12 promulgated under the Securities and Exchange Act of 1934. The Issuer covenants and agrees to comply with the provisions of such Continuing Disclosure Agreement applicable to it; however, as set forth therein, failure to so comply shall not constitute and Event of Default hereunder, but shall instead be enforceable by mandamus or any other means of specific performance.

SECTION 5.03.      Investment  of Funds and Accounts.   Except as otherwise provided in Article IV hereof, the provisions of Section 7.02 of the Master Indenture shall apply to the investment and reinvestment of moneys in the Assessment Area 3B funds, accounts and subaccounts therein created hereunder.

SECTION 5.04. Additional Bonds. The Issuer  covenants  not  to  issue  any  other Bonds or other debt obligations secured by the Assessment Area 3B Assessments levied against the assessable lands within the District. Such covenant shall not prohibit the Issuer from issuing refunding Bonds. In addition, the Issuer covenants not to issue any other Bonds or debt obligations for capital projects, secured by Special Assessments on the assessable lands within the Assessment Area 3B Area of the District for any capital project until the Assessment Area 3B Assessments are Substantially Absorbed. The District shall present the Trustee with a certification that the Assessment Area 3B Special Assessments are Substantially Absorbed and the Trustee may rely conclusively upon such certification and shall have no duty to verify if the Assessment Area 3B Special Assessments are Substantially Absorbed. In the absence of such written certification, the Trustee is entitled to assume that the relevant assessments have not been Substantially Absorbed. Such covenant shall not prohibit the District from issuing refunding Bonds or any Bonds or other obligations for District Lands outside of the Assessment Area 3B Area, or other Bonds secured by other special assessments to finance any other capital project that is necessary to remediate any natural disaster, catastrophic damage or failure with respect to the Assessment Area 3B Project.

SECTION 5.05. Requisite  Owners  for   Direction   or  Consent.   Anything   in   the Master Indenture to the contrary notwithstanding, any direction or consent or similar  provision which requires more than fifty percent  of the Owners, shall in each  case  be deemed  to  refer  to, and shall mean, the Majority Holders.

SECTION 5.06. Acknowledgement Reg.irding  Acquisition  and  Construction Account Moneys Following an Event of Default. In accordance with the provisions of the Assessment Area 3B Indenture, upon the occurrence of an Event of Default with respect to the Assessment Area 3B Bonds, the Assessment Area 3B Bonds are payable solely from the Assessment Area 3B Pledged Revenues and any other moneys held by the Trustee under the Assessment Area 3B Indenture for such purpose. Anything in the Assessment Area  3B Indenture to the contrary notwithstanding, the Issuer hereby acknowledges that, upon the occurrence of an Event of Default with respect to the Assessment Area 3B Bonds, (i) the Assessment Are.i 3B Pledged Revenues includes, without limitation, all amounts on deposit in the Assessment Area 3B Acquisition and Construction Account of the Acquisition and Construction Fund then held hy the Trustee, (ii) the Assessment Area 3B Pledged Revenues may not be used by the Issuer (whether to pay costs of either the Assessment Area 3B Project or otherwise) without the consent of the Majority Owners and (iii) the Assessment Area 3B Pledged Revenues may be used by the Trustee, at the direction or with the approval of the Majority Owners, to pay costs and expenses incurred in connection with the pursuit of remedies under the Assessment Area 3B Indenture, provided, however notwithstanding anything herein to the contrary the Trustee is also authorized to utilize the Assessment Area 3B Pledged Revenues to pay fees and expenses as provided in Section 10.12 of the Master Indenture.

[END OF ARTICLE VJ

ARTICLE VI
THE TRUSTEE; THE PAYING AGENT AND REGISTRAR

SECTION 6.01.   Acceptance  of Trust.   The Trustee  accepts  and  agrees to execute the trusts hereby created and agrees to perform such trusts upon the terms and conditions set forth in the Assessment Area 3B Indenture. The Trustee agrees to act as Paying Agent, Registrar and Authenticating Agent for the Assessment Area 3B Bonds.

SECTION 6.02. Trustee's Duties. The Trustee  shall  not  be  responsible  in  any manner for.the due execution of this FourthFourth Supplemental Trust Indenture by the Issuer or for the recitals contained herein (except for the certificate of authentication on the Assessment Area 3B Bonds), all of which are made solely by the Issuer. Nothing contained herein shall limit the rights, benefits, privileges, protection and entitlement inuring to the Trustee under the Master Indenture.

SECTION 6.03.   Pmriot Act Requirements of Trustee  To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial inslitutions to obtain, verify and record information that identifies each person who opens an
.iccount. For a non-individual person such as a business entity, a charity, a trust or other legal entity, the Trustee will ask for documentation to verify such non-individual person's formation and existence as a legal entity. The Trustee may also ask to see financial statements, licenses, identification and authorization documents from individuals claiming authority to represent the entity or other relevant documentation.
[END OF ARTICLE YI]

ARTICLE VII MISCELLANEOUS PROVISIONS

SECTION 7.01. Interpretation of Fourth Supplemental Trust Indenture. This FourthFourth Supplemental Trust Indenture amends and supplements the Master Indenture with respect to the Assessment Area 3B Bonds, and all of the provisions of the Master Indenture, to the extent not inconsistent herewith, are incorporated in this FourthFomih Supplemental Trust Indenture by reference. To the maximum extent possible, the Master Indenture and the Fourth Supplemental Trust Indenture shall be read and construed as one document.

SECTION 7.02.

Amendments.

Any	amendments	to	this	FourthFourth

Supplemental Trust Indenture shall he made pursuant  to the provisions for amendment  contained  in the Master Indenture.

SECTION 7.03.   Counterparts.    This  FourthFourth   Supplemental  Trust   Indenture may be executed in any number of counterparts, each of which when so executed and  delivered shall be an original; but such counterparts shall together constitute but one  and  the  same instrument.

SECTION 7.04. Appendices and Exhibits. Any  and  all  schedules,  appendices  or exhibits referred to in and attached to this FourthFourth Supplemental Trust Indenture are hereby incorporated herein and made a part of this FourthFourth Supplemental Trust Indenture for all purposes.

SECTION 7.05.   Payment  Dates.   In  any case in which an  Interest  Payment  Date or the maturity date of the Assessment Area 3B Bonds or the date fixed for the redemption of any Assessment Area 3B Bonds shall be other than a Business Day,  then  payment  of  interest,  principal or Redemption Price need not be made on such date but may be made on the next succeeding Business Day, with the same force and effect as if made on  the due date,  and  no interest on such payment shall accrue for the period  after such due date  if payment is  made on  such next succeeding Business Day.

SECTION 7.06. No Rights  Conferred  on  Others.  Nothing  herein  contained  shall confer any right upon any Person other than the parties hereto and the Holders of the Assessment Area 3B Bonds.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK - SIGNATURE PAGE FOLLOWS]

IN WITNESS WHEREOF, Towne Park Community Development  District  has  caused this FourthFourth Supplemental Trust Indenture  to  be executed  by  the  [Designated  Member]  of its Board of Supervisors and its corporate seal to  be  hereunto  affixed  and  attested  by  the Secretary of its Board of Supervisors and U.S. Bank National Association has caused this FourthFourth Supplemental Trust Indenture to  be executed  by  one of  its  authorized  signatories, all as of the day and year first above written.

[SEAL]

Attest:

By:	­
Name:
Title: Secretary, Board of Supervisors

TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT

By	­
Name:
Title: [Designated Member], Board of Supervisors

U.S. BANK NATIONAL ASSOCIATION.
as Trustee, Paying Agent and Registrar

By: 	_
Name: James Audette Title:	Vice President

EXHIBIT A
DESCRIPTION OF ASSESSMENT AREA 3B PROJECT

The Assessment Area 3B Project includes the planning, financing, acqms1t1on, construction, reconstruction, equipping and installation of the following public infrastructure improvements and associated professional fees and incidental costs related thereto pursuant to Chapter 190, Florida Statutes, as amended, including, without limitation, the items listed below:

Number of Lots Infrastr ucture(  3 H 6l	
277	Units - Phase 3B( 11	
Stormwater Manage menrt  2H  3i(  ."iH 6l	$1,037,578	
Utilities (Water, Sewer & Street Lightingl 81	1,375,188	
Roadway 1-11	1,917,850	
Entry Feature & Signage0 >	486,775	
Contingency	722,609	
TOTAL	$5,540,000	

Notes:
[1.		Infrastructure consists of roadway improvements, Stormwater management facilities, master sanitary sewer lift station and utilities, entry feature, landscaping and signage, and neighborhood parks. Any land acquisitions will be made at the lower of cost or fair market value. Any improvements purchased by the District will be at nor more than the developer's reasonable cost.
Stormwater does not include grading associated with building pads for initial construction and in conjunction with home construction.
Includes Stormwater pond excavation. Does not include costs of transporting fill to, or use of fill on, privately-owned land.
Includes sub-grade, base, asphalt paving, curbing, and civil/site engineering. All roadways will be public and accessible by public.
Includes subdivision infrastructure and civil/site engineering.
Estimates are based on 2018 costs.
Includes entry features, signage, hardscape, landscape, irrigation and fencing.
CDD will enter into a Lighting Agreement with Lakeland Electric for the street light poles and lighting service. Only undergrounding of wires on public right-or-way
and on District land will be financed by the District.]

Source: Third Supplemental Engineer's Report Phase 3B (Assessment Area 3B) dated May 2019 by Absolute Engineering, Inc.

A-I

EXHIBIT B
[FORM OF ASSESSMENT AREA 3B BOND]

R-1

UNITED STATES OF AMERICA STATE OF FLORIDA COUNTY OF POLK
TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT BOND, SERIES 2019 (ASSESSMENT AREA 3B PROJECT)

$ 		_

Interest Rate

Maturity Date

Date of Original Issuance	CUSIP

 		%	May I, 20[_]

89215R

Registered Owner: Principal Amount:

Cede & Co.

KNOW ALL PERSONS BY THESE PRESENTS that the Towne Park Community Development District (the "Issuer"), for value received, hereby promises to pay to the registered owner shown above or registered assigns, on the date specified above, from the sources hereinafter mentioned, the Principal Amount set forth above (with interest thereon at the Interest Rate per annum set forth above, computed on 360-day year of twelve 30-day months), said principal payable on the Maturity Date set forth above. Principal of and interest on this Bond are payable by U.S. Bank National Association, in Orlando, Florida, as paying agent (the "Paying Agent") made payable to the registered owner and mailed on each Interest Payment Date commencing [November I, 20_] to the address of the registered owner as such name and address shall appear on the registry books of the Issuer maintained by U.S. Bank National Association, as Registrar (said U.S. Bank National Association and any successor Registrar being herein called the "Registrar") at the close of business on the fifteenth day of the calendar month preceding each interest payment date or the date on which the principal of a Bond is to be paid (the "Record Date"), provided, however, presentation is not required for payment while the Assessment Area 3B Bonds are registered in book-entry-only form. Such interest shall be payable from the most recent interest payment date next preceding the date of authentication hereof to which interest has been paid, unless the date of authentication hereof is a May 1 or November l to which interest has been paid, in which case from the date of authentication hereof, or unless such date of authentication is prior to [November 1, 20_], in which case from the date of initial delivery, or unless the date of authentication hereof is between a Record Date and the next succeeding interest payment date, in which case from such interest payment date. Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the registered owner on such Record Date and may be paid to the person in whose name this Bond is registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Paying Agent, notice whereof shall be given to Bondholders of record as of the fifth (5th) day prior to such mailing, at their registered addresses, not less than

ten (10) duys prior to such Special Record Date, or may be paid, at uny time in any other lawful manner, as more fully provided in the Assessment Area 3B Indenture (defined below). Any capitalized term used in this Bond and not otherwise defined shall have the  meaning ascribed  to such term in the Assessment Areu 3B Indenture.
THE ASSESSMENT AREA 38 BONDS ARE LIMITED OBLIGATIONS OF THE ISSUER PAYABLE SOLELY OUT OF THE PLEDGED REVENUES (AS DEFINED IN THE FOURTH SUPPLEMENTAL TRUST INDENTURE) PLEDGED THEREFOR UNDER THE ASSESSMENT AREA 38 INDENTURE AND NEITHER THE PROPERTY, THE FULL FAITH AND CREDIT, NOR THE TAXING POWER OF THE ISSUER, THE CITY OF LAKELAND, FLORIDA (THE "CITY"), POLK COUNTY, FLORIDA (THE "COUNTY"), THE STATE OF FLORIDA (THE "STATE"), OR ANY OTHER POLITICAL SUBDIVISION THEREOF, IS PLEDGED AS SECURITY FOR THE PAYMENT OF THE ASSESSMENT AREA 38 BONDS, EXCEPT THAT THE ISSUER IS OBLIGATED UNDER THE ASSESSMENT AREA 38 INDENTURE TO LEVY AND TO EVIDENCE AND CERTIFY, OR CAUSE TO BE CERTIFIED, FOR COLLECTION, ASSESSMENT AREA 38 SPECIAL ASSESSMENTS (AS DEFINED IN THE FOURTH SUPPLEMENTAL TRUST INDENTURE) TO SECURE AND PAY THE ASSESSMENT AREA 38 BONDS. THE ASSESSMENT AREA 38 BONDS DO NOT CONSTITUTE AN INDEBTEDNESS OF THE ISSUER, THE CITY, THE COUNTY, THE STATE, OR ANY OTHER POLITICAL SUBDIVISION THEREOF WITHIN THE MEANING OF ANY CONSTITUTIONAL OR STATUTORY PROVISION OR LIMITATION.

This Bond shall not be valid or become obligatory for any purpose or be entitled to any benefit or security under the Assessment Area 3B Indenture until it shall have been authenticated by execution of the Trustee, or such other authenticating ugent as may be appointed by the Trustee under the Assessment Area 3B Indenture, of the certificate of authentication endorsed hereon.

This Bond is one of an authorized issue of Assessment Area 3B Bonds of the Towne Purk Community Development District, a community development district duly created, organized and existing under Chapter 190, Florida Statutes (the Uniform Community Development District Act of 1980), as amended (the "Act"), Ordinance No. 2014- 051 of the City Commission of the City of Lakeland, Florida enucted on November 3, 2014, designated as "Towne Park Community Development District Special Assessment Bonds, Series 2019 (Assessment Area 3B Project)" (the  "Assessment  Area  3B  Bonds"),  in  the  aggregate  principal  amount  of  [ 	]and 00/100  Dollars  ($[ 	]) of like date, tenor and effect, except us to number. The Assessment Area 3B Bonds are being issued under authority of the laws and Constitution of the State, including particularly the Act, to pay, among other things, the costs of acquiring the Assessment Area 3B Project (as defined in the herein referred to Assessment Area 3B Indenture). The Assessment Area 3B Bonds shall be issued as fully registered Assessment Area 3B Bonds in authorized denominations, as set forth in the Assessment Area 3B Indenture. The Assessment Area 3B Bonds are issued under and secured by a Master Trust Indenture dated as of June 1, 2016 (the "Master Indenture"), as supplemented by a Fourth Supplemental Trust Indenture dated as of July 1, 2019 (the "Fourth Supplemental Trust Indenture" and together with the Master Indenture, the "Assessment Area 3B Indenture"), each by and between the Issuer and

the Trustee, executed counterparts of which are on file at the designated corporate trust office of the Trustee in Orlando, Florida.

Reference is hereby made to the Assessment Area  3B  Indenture  for  the  prov1s10ns, among others, with respect to the custody and  application  of  the  proceeds  of  the  Assessment Area 3B Bonds issued under the Assessment Area 3B Indenture,  the operation  and application  of the Assessment Area 3B Reserve Account within the  Reserve  Fund  and  other  Funds  and Accounts (each as defined in the  Assessment  Area 38  Indenture)  charged  with  and  pledged  to the payment of the principal of and the interest  on  the Assessment  Area 3B Bonds,  the levy  and the evidencing and certifying for collection, of the Assessment Area 3B Special Assessments, the nature and extent of the security for the Assessment Area 3B Bonds, the terms and conditions on which the Assessment Area 38 Bonds are  issued, the  rights, duties and obligations  of  the  Issuer and of the Trustee under the Assessment Area 3B Indenture, the conditions under which such Assessment Area 3B Indenture may be amended without  the consent  of  the registered  owners of the Assessment Area 38 Bonds, the conditions under which such Assessment  Area 38  Indenture may be amended with the consent of the registered owners of a majority in aggregate principal amount of the Assessment Area 3B Bonds outstanding, and as to other rights and remedies of the registered owners of the Assessment Area 38 Bonds.
The owner of this Bond shall have no right to enforce the provisions of the Assessment Area 38 Indenture or to institute action to enforce the covenants therein, or to take any action with respect to any event of default under the Assessment Area 38 Indenture or to institute, appear in or defend any suit or other proceeding with respect thereto, except as provided in the Assessment Area 3B Indenture.

It is expressly agreed by the owner of this Bond that such owner shall never have the right to require or compel the exercise of the ad valorem taxing power of the Issuer, the County, the City, the State or any other political subdivision thereof, or taxation in any form of any real or personal property of the Issuer, the City, the County, the State or any other political subdivision thereof, for the payment of the principal of and interest on this Bond or the making of any other sinking fund and other payments provided for in the Assessment Area 38 Indenture, except for Assessment Area 38 Special Assessments to be assessed and levied by the Issuer as set forth in the Assessment Area 3B Indenture.

By the acceptance of this Bond, the owner hereof assents lo all the provisions of the Assessment Area 38 Indenture.
This Bond is payable from and secured by Assessment Area 38 Pledged Revenues, as such term is defined in the Assessment Area 3B Indenture, all in the manner provided in the Assessment Area 38 Indenture. The Assessment Area 38  Indenture provides for the levy and  the evidencing and certifying, of non-ad valorem assessments in the form of Assessment Area 38 Special Assessments to secure and pay the Assessment Area 38 Bonds.
The Assessment Area 38 Bonds are subject to redemption  prior  to  maturity  in  the amounts, at  the times  and in  the manner  provided  below.  All payments of the redemption  price  of the Assessment Area 38 Bonds shall be made on the dates specified  below.  Upon  any redemption of Assessment Area 38 Bonds other than in accordance with scheduled mandatory

sinking fund redemptions, the Issuer shall cause to be recalculated and delivered to the Trustee revised mandatory sinking fund redemption amounts recalculated so as to amortize the Outstanding principal amount of Assessment Area 3B Bonds in substantially equal annual installments of principal and interest (subject to rounding to Authorized Denominations of principal) over the remaining term of the Assessment Area 3B Bonds. The mandatory sinking fund redemption amounts as so recalculated shall not result in an increase in the aggregate of the mandatory sinking fund redemption amounts for all Assessment Area 3B Bonds in any year. In the event of a redemption or purchase occurring less than 45 days prior to a date on which a mandatory sinking fund redemption payment is due, the foregoing recalculation shall not be made to the mandatory sinking fund redemption amounts due in the year in which such redemption or purchase occurs, but shall be made to the mandatory sinking fund redemption amounts for the immediately succeeding and subsequent years.

Optional Redemption

The Assessment Area 3B Bonds maturing on or after May I, 20[_] may, at the option of the Issuer be called for redemption prior to maturity as a whole or in part, at any time, on or after May l, 20[_] (less than all Assessment Area 3B Bonds of a maturity to be selected by lot), at a Redemption Price equal to the principal amount of Assessment Area 3B Bonds to be redeemed, plus accrued interest from the most recent Interest Payment Date through which interest has been paid to the redemption date from moneys on deposit in the Assessment Area 3B Optional Redemption Subaccount of the Assessment Area 3B Bond Redemption Account. If such optional redemption shall be in part, the Issuer shall select such principal amount of Assessment Area 3B Bonds to be optionally redeemed from each maturity so that debt service on the remaining Outstanding Assessment Area 3B Bonds is substantially level.

Mandatory Sinking Fund Redemption

The Assessment Area 3B Bonds  maturing  on  May  1, 20L] are subject  to mandatory sinking fund redemption from the moneys on deposit in the Assessment Area 3B Sinking Fund Account on May 1 in the years and in the mandatory sinking fund redemption amounts set forth below at a Redemption Price of 100% of their principal amount plus accrued interest to the date of redemption.

 	Year	

Mandatory Sinking Fund
 	Redemption  Amount	
$

Maturity

The Assessment Area 3B Bonds maturing on May I, 20[_] are subject to mandatory sinking fund redemption from the moneys on deposit in the Assessment Area 3B Sinking Fund Account on May I in the years and in the mandatory sinking fund redemption amounts set forth

below at a Redemption Price of 100% of  their  principal  amount  plus accrued  interest  to the date of redemption.

Mandatory Sinking Fund
 	Year	 	Redemption Amount	
$

Maturity

The Assessment Area 3B Bonds maturing on May 1, 20[_]  are  subject  to  mandatory sinking fund redemption from the moneys on deposit in the Assessment Area 3B Sinking Fund Account on May 1 in the years and in the mandatory sinking fund redemption amounts set forth below at a Redemption Price of 100%  of  their principal amount  plus accrued  interest  to the date  of redemption.

Mandatory Sinking Fund
 	Year	 	Redemption Amount	
$

" Maturity

The Assessment Area 3B Bonds maturing on May 1, 20[_] are subject to mandatory sinking fund redemption from the moneys on deposit in the Assessment Area 38 Sinking Fund Account on May 1 in the years and in the mandatory sinking fund redemption amounts set forth below at a Redemption Price of 100% of their principal amount plus accrued interest to the date of redemption.

Year

Mandatory Sinking Fund
 	Redemption Amount	
$

Maturity

Extraordinary Mandatory Redemption in Whole or in Patt

The Assessment Area 3B Bonds are subject  to  extraordinary  mandatory  redemption  prior to maturity by the Issuer in whole or in part, on any date (other than  in  the case of  clause  (a)  below, which extraordinary mandatory redemption  in  part  must  occur  on  a  Quarterly Redemption Date), at a Redemption Price equal to 100% of the  principal  amount  of  the Assessment Area 3B Bonds to be redeemed, plus interest accrued to the redemption  date,  as follows:

from Assessment Area 3B Prepayment Principal deposited into the Assessment Area 3B Prepayment Subaccount of the Assessment Area 3B Bond Redemption Account following the payment in whole or in part of Assessment Area 3B Special Assessments on any assessable property within the District in accordance with the provisions of Section 4.05(a) of the Fourth Supplemental Trust Indenture, together with excess moneys transferred by the Trustee from the Assessment Area 3B Reserve Account to the Assessment Area 3B Prepayment Subaccount as a result of such Assessment Area 3B Prepayment and pursuant to Sections 4.0l(f) and 4.05(a) of the Third Supplemental Indenture. If such redemption shall be in part, the Issuer shall select such principal amount of Assessment Area 3B Bonds to be redeemed from each maturity so that debt service on the remaining Outstanding Assessment Area 3B Bonds is substantially level.

from moneys, if any, on deposit in the Assessment Area 3B Funds, Accounts and Subaccounts in the Funds and Accounts (other than the Assessment Area 3B Rebate Fund and the Assessment Area 3B Acquisition and Construction Account) sufficient to pay and redeem all Outstanding Assessment Area 3B Bonds and accrued interest thereon to the redemption date or dates in addition to all amounts owed to Persons under the Master Indenture.

Upon the Completion Date, from any funds remaining on deposit in the Assessment Area 3B Acquisition or the Construction Account, not  otherwise  reserved  to complete the Assessment Area 3B Project, and transferred to the Assessment Area 3B General Redemption Subaccount of the Assessment Area 3B Bond Redemption Account. If such redemption shall be in part, the Issuer shall select  such  principal  amount  of  Assessment  Area 3B Bonds to be redeemed from each maturity so  that  debt  service  on  the  remaining  Outstanding Assessment Area 3B Bonds is substantially level.
Except as otherwise provided in the Assessment Area 3B Indenture, if less than all of the Assessment Area 3B Bonds subject to redemption shall be called for  redemption,  the particular  such Assessment Area 3B Bonds or portions of such Assessment Area 3B Bonds to be redeemed shall be selected by lot by the Registrar as provided in the Assessment Area 3B Indenture.

Notice of each redemption of the Assessment Area 3B Bonds is required to be mailed by the Registrar, postage prepaid, not less than thirty (30) nor more than sixty (60) days prior to the redemption date to each Registered Owner of the Assessment Area 3B Bonds to be redeemed at the address of such Registered Owner recorded on the bond register maintained hy the Registrar. On the date designated for redemption, notice having been given and money for the payment of the Redemption Price being held by the Paying Agent, all as provided in the Assessment Area

3B Indenture, the Assessment Area 3B Bonds or such portions thereof so called for redemption shall become and be due and payable at the Redemption Price provided for the redemption of such Assessment Area 3B Bonds or such portions thereof on such date, interest on such Assessment Area 3B Bonds or such portions thereof so called for redemption shall cease to accrue, such Assessment Area 3B Bonds or such portions thereof so called for redemption shall cease to be entitled to any benefit or security under the Assessment Area 3B Indenture and the Owners thereof shall have no rights in respect of such Assessment Area 3B Bonds or such portions thereof so called for redemption except to receive payments of the Redemption Price thereof so held by the Paying Agent. Further notice of redemption shall be given by the Registrar to certain registered securities depositories and information services as set forth in the Assessment Area 3B Indenture, but no defect in said further notice nor any failure to give all or any portion of such further notice shall in any manner defeat the effectiveness of a call for redemption if notice thereof is given as above prescribed.
The Owner of this Bond shall have no right to enforce the provisions of the Assessment Area 38 Indenture or to institute action to enforce the covenants therein, or to take any action with respect to any Event of Default under the Assessment Area 38 Indenture, or to institute, appear in or defend any suit or other proceeding with respect thereto, except as provided in the Assessment Area 38 Indenture.

In certain events, on the conditions, in the manner and with the effect set forth in the Assessment Area 3B Indenture, the principal of all the Assessment Area 38 Bonds then Outstanding under the Assessment Area 3B Indenture may become and may be declared due and payable before the stated maturity thereof, with the interest accrued thereon.

Modifications or alterations of the Assessment Area 3B Indenture or of any Assessment Area 38 Indenture supplemental thereto may be made only to the extent and in the circumstances permitted by the Assessment Area 3B Indenture.

Any moneys held by the Trustee or Paying Agent in trust for the payment and discharge of any Bond which remain unclaimed for three (3) years after the date when such Bond has become due and payable, either at its stated maturity date or by call for earlier redemption shall he paid to the Issuer, thereupon and thereafter no claimant shall have any rights against the Trustee or Paying Agent to or in respect of such moneys.

If the Issuer deposits or causes to be deposited with the Trustee funds or Federal Securities (as defined in the Master Indenture) sufficient to pay the principal or Redemption Price of any the Assessment Area 3B Bonds becoming due at maturity or by call for redemption in the manner set forth in the Assessment Area 3B Indenture, together with the interest accrued to the due date or date of redemption as applicable, the lien of such Assessment Area 38 Bonds as to the Trust Estate with respect to the Assessment Area 3B Bonds shall be discharged, except for the rights of the Owners thereof with respect to the funds so deposited as provided in the Assessment Area 3B Indenture.

This Bond shall have all the qualities and incidents, including negotiability, of investment securities within the meaning and for all the purposes of the Uniform Commercial Code of the State of Florida.

The Issuer shall keep books for the registration of the Assessment Area 3B Bonds at the designated corporate trust office of the Registrar in Orlando, Florida. Subject to the restrictions contained in the Assessment Area 3B Indenture, the Assessment Area  3B  Bonds  may  be transferred or exchanged by the registered owner thereof in person or by his  attorney  duly authorized in writing only upon the books of the Issuer kept by the Registrar and  only  upon surrender thereof together with a written instrument of transfer satisfactory to the Registrar duly executed by the registered owner or his duly authorized attorney. In  all  cases  in  which  the privilege of transferring or exchanging Assessment Area 3B Bonds is exercised, the Issuer shall execute and the Trustee shall authenticate  and deliver a  new Bond  or Assessment  Area 3B Bonds in authorized form and in like  aggregate  principal  amount  in accordance  with  the provisions  of the Assessment Area 3B Indenture. Every  Bond  presented  or  surrendered  for  transfer  or exchange shall be duly endorsed or accompanied by a written instrument of transfer in form satisfactory to the Trustee, Paying Agent  or  the  Registrar,  duly executed  by  the  Bondholder  or his attorney duly authorized in writing. Transfers and exchanges shall be made  without  charge  to the Bondholder, except that the Issuer or the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge that may  be imposed  in connection  with  any transfer  or exchange of Assessment Area 3B Bonds.
The Issuer, the Trustee, the Paying Agent and the Registrar shall deem and treat the person in whose name any Bond shall be registered upon the books kept by the Registrar as the absolute owner thereof (whether or not such Bond shall be overdue) for the purpose of receiving payment of or on account of the principal of, premium, if any, and interest on such Bond as the same becomes due, and for all other purposes. All such payments so made to any such registered owner or upon his order shall be valid and effectual to satisfy and discharge the liability upon such Bond to the extent of the sum or sums so paid, and neither the Issuer, the Trustee, the Paying Agent, nor the Registrar shall be affected by any notice to the contrary.
It is hereby certified and recited that all acts, conditions and things required to exist, to happen, and to be performed, precedent to and in the issuance of this Bond exist, have happened and have been performed in regular and due form and time as required by the laws and Constitution of the State of Florida applicable thereto, including particularly the Act, and that the issuance of this Bond, and of the issue of the Assessment Area 3B Bonds of which this Bond is one, is in full compliance with all constitutional and statutory limitations or provisions.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

IN WITNESS WHEREOF, Towne Park Community Development District has caused this Bond to be signed by the facsimile signature of the [Designated Member] of its Board of Supervisors and a facsimile of its seal to be imprinted hereon, and attested by the facsimile signature of the Secretary of its Board of Supervisors, all as of the date hereof.

TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT

By:  	
[Designated Member], Board of Supervisors
(SEAL)

Attest:

By:--------------
Secretary, Board of Supervisors

CERTIFICATE OF AUTHENTICATION

This Bond is one of the Assessment Area 38 Bonds delivered pursuant to the within
mentioned Assessment Area 3B Indenture. Date of Authentication: 	_

U.S. BANK NATIONAL ASSOCIATION,
as Trustee

By: 	_
Authorized Signatory

STATEMENT OF VALIDATION

This Bond is one of a series of Assessment Area 38 Bonds which were validated by judgment of the Circuit Court of the Tenth Judicial Circuit of Florida, in and for Hardee, Highlands and Polk Counties, rendered on the 121h day of December, 2014.

TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT

(SEAL)

Attest:

By:	 	
[Designated Member], Board of Supervisors

By:--------------
Secretary, Board of Supervisors

ABBREVIATIONS

The following abbreviations, when used in the inscription on the face of the within Bond, shall be construed as though they were written out in full according to applicable laws or regulations:

TEN COM TEN ENT JTTEN

UNIFORM TRANSFER MIN ACT

as tenants in common
as tenants by the entireties
as joint tenants with rights of survivorship and not as tenants in common

--------Custodian -----
(Cust)	(Minor)

Under Uniform Transfer to Minors Act. 	_
(State)

Additional ahbreviations may also be used though not in the above list.

ASSIGNMENT AND TRANSFER

FOR	VALUE	RECEIVED	the	undersigned	sells,	assigns	and	transfers	unto

(please print or typewrite name and address of assignee)

the within Bond and all rights thereunder, and hereby irrevocably constitutes and appoints

Attorney to transfer the within Bond on the books kept for registration thereof, with full power of substitution in the premises.
Signature Guarantee:

 	

NOTICE: Signature(s) must be guaranteed by a member firm of the New York Stock Exchange or a commercial bank or trust company

NOTICE: The signature to this assignment must correspond with the name of the registered owner as it appears upon the face of the within Bond in every patticular, without alteration or enlargement or any change whatsoever.

Please	insert	social	.security	or	other identifying number of Assignee.

EXHIBITC  FORMS OF REQUISITIONS
TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT BONDS, SERIES 2019 (ASSESSMENT AREA 3B PROJECT)

(Acquisition  and Construction)

The undersigned, a Responsible Officer of the Towne Park Community Development District (the "District") hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture dated as of June 1, 2016, as supplemented by that certain Fourth Supplemental Trust Indenture dated as of July 1, 2019 (collectively, the "Assessment Area 3B Indenture") each by and between the District and U.S. Bank National Association, as trustee (all capitalized terms used herein shall have the meaning ascribed to such term in the Assessment Area 3B Indenture):

Requisition Number:

Identify Acquisition Agreement, if applicable;

Name of Payee pursuant to applicable Acquisition Agreement:

Amount Payable:

Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments):

Fund or Account and subaccount,  if any, from which disbursement  to be made: X Assessment Area 3B Project Acquisition and Construction Account.
The undersigned hereby certifies that:

obligations in the stated amount set forth  above  have  been  incurred  by  the District,

each disbursement set forth above is a proper charge against:

X Assessment Area 3B Project Acquisition and Construction Account;

each disbursement set forth above was incurred in connection with: X the Costs of the Assessment Area 3B Project.

C-1

The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

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

Attached hereto or on file with the District are copies of the invoice(s) or applicable contracts from the vendor of the property acquired or the services rendered, as well as applicable conveyance instruments (e.g. deed(s), bill(s) of sale, easement(s), etc.) with respect to which disbursement is herehy requested.

TOWNE PARK
COMMUNITY DEVELOPMENT DISTRICT

By:		 Responsible Officer
Date:  	

CONSULTING ENGINEER'S APPROVAL FOR
NON-COST OF ISSUANCE OR [NON-OPERATING COSTS REQUESTS ONLY]

The undersigned Consulting Engineer hereby certifies that this disbursement is for the Cost of the Assessment Area 3B Project and is consistent with: (i) the Acquisition Agreement; (ii) the plans and specifications for the portion of the Assessment Area 3B Project with respect to which such disbursement is being made; and (iii) the report of the Consulting Engineer, as such report shall have heen amended or modified on the date hereof. The Consulting Engineer further certifies and agrees that (a) the portion of the Assessment Area 3B Project is complete, and (b) the purchase price to be paid by the District for the portion of the Assessment Area 3B Project to be acquired with this disbursement is no more than the lesser of (i) the fair market value of such improvements and (ii) the actual cost of construction of such improvements.

Consulting Engineer

FORMS OF REQUISITIONS

TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT BONDS, SERIES 2019 (ASSESSMENT AREA 3B PROJECT)

(Costs of Issuance)

The undersigned, a Responsible Officer of the Towne Park Community Development District (the "District") hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trusl Indenture dated as of June 1, 2016, as supplemented by that certain Fourth Supplemental Trust Indenture dated as of July 1, 2019 (collectively, the "Assessment Area 3B Indenture") each by and between the District and U.S. Bank National Association, as trustee (all capitalized terms used herein shall have the meaning ascribed to such term in the Assessment Area 3B Indenture):

Requisition Number:

Amount Payable:

Purpose for which paid or incurred: Costs of Issuance

Fund or Account and subaccount, if any, from which disbursement to be mnde:

Assessment	Area    3B    Costs  of   issuance	Acco1111t  <f  the  Acquisition	and Co,utruction Fimd

The undersigned hereby certifies that:

I.		this requisition is for Costs of Issuance payable from the Assessment Area 3B Costs of Issuance Account th.it have not previously been paid;
each disbursement set forth above is a proper charge against the Assessment Area 3B Costs of Issuance Account;

each disbursement set forth above was incurred in connection with the issuance of the Assessment Area 3B Bonds; and

each disbursement represents a cost of issuance which  has  not  previously  been paid.

The undersigned hereby further certifies that there has not been filed  with or served  upon  the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to

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

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

Attached hereto or on file with the District are copies of the invoice{s) from the vendor of the services rendered with respect to which disbursement is hereby requested.

TOWNE PARK
COMMUNITY DEVELOPMENT DISTRICT

By:	 	
Responsible Officer

Date:    	

EXHIBITD
FORM OF INVESTOR LETTER

[Date]

Towne Park Community Development District
c/o PFM Group Consulting, LLC 12051 Corporate Blvd.
Orlando, FL 32817

FMSbonds, Inc.
20660 W. Dixie Highway
North Miami Beach, FL 33180

Re:	$[ 	]Towne  Park  Community  Development  District  Special  Assessment Bonds, Series 2019 (Assessment Area 3B Project)

Ladies and Gentlemen:

The  undersigned  is authorized  to sign  this  letter  [on  behalf  of  Name  of  Non-Individual
Investor], as the  beneficial  owner  (the  "Investor") of $ 		of the  above-referenced Bonds
[state maturing on, bearing interest at the rate of % per annum and CUSIP #] (herein,  the
''Investor Bonds").

In connection with the purchase of the Investor Bond by the Investor, the  Investor hereby makes the following representations upon which you may rely:

I.  The  Investor  has  authority  to  purchase  the  Investor  Bonds  and  to  execute  this letter, any other instruments and documents required  to  be  executed  by  the  Investor  in connection with the purchase of the Investor Bonds.

The Investor is an "accredited investor" as described in Rule 501 under Regulation D of the Securities Act of 1933, as umended (the "Securities Act"), and therefore, has sufficient knowledge and experience in financial and business matters, including purchase and ownership of municipal and other tax-exempt obligations including those which are not rated or credit-enhanced, to be able to evaluate the risks and merits of the investment represented by the Bonds. Please check the appropriate box below to indicate the type of accredited investor:

D a bank, insurance company, registered investment company, business  development company, or small business investment company;

D an employee benefit plan, within the meaning of the Employee  Retirement Income Security Act, if a bank, insurance company,  or  registered  investment  adviser makes the investment decisions, or if the plan has total assets in excess of $5 million;

D	a charitable organization, corporation, or partnership with assets exceeding
$5 million;

D	a business in which all the equity owners are "accredited investors;"

D a natural person who has individual net worth, or joint net worth with the person's spouse, that exceeds $1 million at the time of the purchase, excluding the value of the primary residence of such person, except that mortgage indebtedness on the primary residence shall not be included as a liability;

D  a natural  person  with  income exceeding $200,000 in each of the two most  recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year; or
D a trnst with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the Investor Bonds whose purchase is directed by a sophisticated person.

The Investor has been supplied with an (electronic) copy of the Preliminary Limited  Offering  Memorandum  dated  [ 	, 2l9]   of  the  Issuer  and  relating  to  the Bonds (the "Offering Document") and has reviewed the Offering Document and represents that such Offering Document has provided full and meaningful disclosure in order to make an informed decision to invest in the Investor Bonds.

Capitalized terms used herein and not otherwise defined have the meanings given to such terms in the Indenture.

Very truly yours,

[Name], [Type of Entity]

By:	 	
Name:		 Title:	 Date:    	
Or

[Name], an Individual

D-2

EXHIBIT B

FORM OF BOND PURCHASE CONTRACT

Exhibit B

EXHIBITC

PRELIMINARY LIMITED OFFERING MEMORANDUM

Exhibit C

EXHIBITD

FORM OF RULE 15c2-12 CERTIFICATE

Towne Park Community Development District
$ 		* Special Assessment Bonds, Series 2019 (Assessment Area 3B Project)

The undersigned hereby certifies and represents to FMSbonds, Inc. ("Underwriter") that he is the Chairman of the Board of Supervisors of Towne Park Community Development District (the "District") is authorized to execute and deliver this Certificate, and further certifies on behalf of the District to the Underwriter as follows:

This Certificate is delivered to enable the Underwriter to comply with Rule 15c2- 12 under the Securities Exchange Act of 1934 (the "Rule") in connection with the offering and sale of the above captioned bonds (the "Series 2019 Bonds").

ln connection with the offering and sale of the Series 2019 Bonds, there has been prepared a Preliminary Limited Offering Memorandum, dated the date hereof, setting forth information concerning the Series 2019 Bonds and the District (the "Preliminary Limited Offering Memorandum").

As used herein, "Permitted Omissions" shall mean the offering price, interest rate, selling compensation, aggregate principal amount, principal amount per maturity, delivery dates, ratings, the identity of the Underwriter and other terms of the Series 2019 Bonds depending on such matters.

The undersigned hereby deems the Preliminary Limited Offering Memorandum "final" as of its date, within the meaning of the Rule, except for the Permitted Omissions, and the information therein is accurate and complete except for the Permitted Omissions.

If, at any time prior to the execution of a  Bond  Purchase  Contract,  any  event occurs as a result of which the Preliminary Limited Offering  Memorandum  might  include  an untrue statement of a material fact or omit to state any material fact necessary to make  the statements therein, in light of the circumstances  under  which  they  were  made,  not  misleading, the District will promptly notify the Underwriter thereof.

Preliminary, subject to change.

Exhibit D-1

IN WITNESS  WHEREOF, the  undersigned  has hereunto  set  his hand this _	day of
 	,2019.

TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT

Chairman

Exhibit D-2

EXHIHIT E

FORM OF CONTINUING DISCLOSURE AGREEMENT

Exhibit E

Towne Park Community Development District

Payment Authorization Nos. 107 - 108

TOWNE PARK
COMMUNITY	DEVELOPMENT	DISTRICT

Payment Authorization #107
5/8/2019

Item	

Payee	
Invoice Number	
General	
No.			Fund	

1	
Bright Houae Networks			
	Internet service for clubhouse - 2019.5	077-420101042519	$	7-4.98	
2	Delight Cleaning Service			
	Clubhouse Janitorial Service 4.29.19	5521-46	$	75.00	
3	Floralawn
Monthly Lawn Maintenance - 2019.5	
84954	
$ 2,549.00	
	Pest Conlrolllnlerior - 2019.5		$	75.00	
	Pest Control/Ant treatment- 2019.5		$	110.00	
	Monthly Lawn Maintenance - Irrigation Repair-2019.4	85018	$	56.44	
4	Grunlt			
	Pool Service & Maintenance -May 2019	1176	$ 1,350.00	
5	Hopping Green & Sama			
	Legal Services through 03.31.2019	106995	$	612.76	
6	Lakeland Electric			
	Billing Date 05.02.2019 - 3606 Peregrine Way #W/1	3555225-2019.5	$	103.24	
	Billing Date 05.02.2019 - 5107 White Egret Ln #W/1	3555224-2019. 5		
	Billing Date 05.02.2019 - 3883 While IBIS Rd #Rec	3568145-2019.5	$	712.94	
7	Refund Clubhouae Rental Fee			
	Maldonado, Steven	20190429	$	100.00	
		TOTAL	$ 5,819.36	

Spectrum
BUSINESS

Aptil 25, 2019 Invoice Number: Ar.count Numh r·
Se c urity Code : Servi .e At·

0774201010 42519
00!10774201-01
5038
3883 WHITE IBIS RD
LAKELAND, FL 33B03

SPECTRUM BUSINESS NEWS

Contact Us
Visit us al Brlghthouse.ocm/buslneas
Or, call us al 1-677-B24-8249

The Spectrum Business Se1vlce Agreement will be updated on or after June 23, 2019. To oblll n a copy, 'llsit businees.&pec!rum.comil:erms or call 886-692-8635 to request a paper copy

S tonn,ary

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Previous Balance
Payments Received • ThanK You Remaining 8atance

74.90
-74.98
SO.DO

Spectrum Business 'fM Internet	74	.9!1	
Curren! Charrios	S74	.UB	
Total Duo by 05/11/19	$74.98

RECErVED	MAY n 1 7019

Thank you for choosing Spectrum Busin&&s.
We appreciate your prompt payment and value you as a customer.

.....µech·uo•►
BUSINESS
4145 S . Falkanburg Rd Rl•1ervklw, FL 33578-8652
1535 mo NO RP 250425:ltllg NNNNl'l'l'D1 OOHl 58 0005

TOWNE PARK II COD 12051 CORPORATE BLVD ORLANDO FL 32617·1450

April 25, 2019
TOWNE PARK II COD
Invoice Numoer: 077420101042519
Account Numbar: 0050774201-01
Service Al:	3883 WHITE IBIS RD
LAKELAND, FL 33803

Total Due by 05/11/19	$74.98

Amount you are enclosing	$

                                       Pleas1t R11mlt Payment To: BRIGHT HOUSE NETWORKS PO BOX 780450
SAINT LOUIS, MO 6317S-0450
111 11•111111111111 h11•11 1,I•1 11,11I11111,, I11,•,••
000 11□0100507742010169004798

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Page 2ol 4

lnvo1c11 Num t>er; Account NLmber : Ser:urlly Code·

Charge Details

Previous Balance

ApriI 25 .  20'9 TOWNF. PARK II COD
077420101042519
0050774201-01
5038

74 .98

Je{ tr	►	-
BUSINESS
Contact Us
Vrsil us al Brlghlhouso.com/buslness
Or, call us at 1-8 77-824 -6249
1635 1610 NO P 1 o.t1520 IQ N NNNY 01 001150 0005

BIiiing Practices • Speclrum Bus1nes    1: m ails montMy, itemized l11volu1s lar all mont11!y services In advance A lull payment is required on o, before the d..re dale indicated on  this lrivolce.  Payments made 8ftcr the indicated due date may rosult In a late payment processing

f2!Jy'Ylenrs Recl!lved • Than!< You
Rum11lnlng Balance

 	74.98 
!i0 .00

charge , Failure lo pa),' could result In 1h11 disconnection of all y,;, r SDeccrurr Business setVlc e(s). Dl oonnactian of Busrness Voice sef'l'ica ,nay also result In tile less of voor,  , t10ne nurnt er.

Payment5 rncaived af1er 04125119 •Ill appur onyour nut bill.

Sorvii;e$ from 04/24119 lhroush 05/23119
Spectrum Business Internet	90.99
Stat1r. IP 1	14.99
f:ronio Dls uunt	-40.ou
$74 .98
                                  S7d 'J8

Authorhallon   to  Convert  your  Check  to  an  Electronic  Funds Transfer Debit. For your con11P.ni 0nr.e. It you provld8 a r.h8ck as payment. you authorize Spectrum Business to use the Information from your check to make a one-tIme elcctro11lc funds transfer from your acc:ounl . If you have any questions, plooso call our office at the telephone number on the front of this Invoice. To assist you in future r1nym11nls, your bank or r.rAd,t c:1m1 ar.c:ount Informati on may be

elec tron ic;1lly stored In our system In a secure. encrypted mennl'r ,

Complaint Proceduroe • Yo ha e 60 days from lhe billing date to
rAQIGIP.r a r.(Jmplainl if you disagree with your charges.

- •!'	t:h.1!..ll.C_'!>	_
I,,1,,I J'l111• hy   0 111/19

BIii ing Information

 	s, .•111 
s, ,u rn

Tax Nnd Feos • Th.s sta!01T1en , ! e flocts the c,m unt ta e8 arid fees for
your area !Including sales. A)(Cis . user ta t1s, etc.} These laxes  and laus may r.hange >11i1hout n otice, VrniI !: pc r.1111111 nel/ t,n r andrP.os for n1ur11 lnforn,allon .

form& & Conditions • Speclr m·6 detilrlad sland::ird t0rms anc
;,,11  cJ11,o,r1'  101 !;urvir.a are Ioc11te<:I ;it    1,.,t.t,w,1· .:,1111, p-:ilt  1e s

Pu1 Duo Fee: Late Feo Remlndor - /I l.1te le« will Le as e:.:,ed rm p sl dcr charges for sc"'i ce.

Changln'1 Business Locations - PleasP rnrt r.1 .:::pe lrum Business t,i,fur" '" '" 'ir.11 'fOUr Su:.lne i,; Vulu, mud"'" lo a new .i!Xlress To cslalllIcti sCl'l lce at yoJr new location or relur'l equipment, please
conl, 11.1 y1101 i;p11r.lrirm Buslno• Ar.rnunt F acu!ive at least twenty oiio
(21) hIJ•.In us, 1   days prior 10  '1(1111 1111 wn

Visit Spo;Llru n r.omistcr s  lnr SINP. lnc;atlrn1s    o.- riue !.,rs  Jr co ncerns  . v,s t   '; i'"  ··  rurn      r,r, t 's u;ipo r. or .   111  - 055- ti.'>/·   / 3}8

Your WAY can be the GREEN wayl
GO GREEN with Spectrum Business.

Onlme BIii Pa Is heIplng the env lronm Anl ona customer at a time .
It's ee9y - nil you need to do Is si9n up ror Onl ine Sill Pay
II will sovo you mone;· on post:19e and lime - and II will also save trees!

Enrolling I Elfl sy. just go to Brlghl house .com/bui lu ess .
E,,rh 111011Ch, you·11 receive a pape rless e-  b1II thal you oay onlrne with your
, I Irnr.o or 1>ay,nont options.
Debit Card • Credit C8rd - Electronic Funos Traosfer
Race1ve a quick sr..mmary o1your account at any time
Access up 10 6 mon\hs or sratement<;

Payment Options

P y Onl!n& • Cicale or Lo lr, to pey or view your bill online at
Br ight hou$e.c om/bu 11lnen	.

Pay by Mall - Detach paymonl coupon and euclose with your chock made payaole to Brighi House Networks . Aeese do not include correspondences of eny type with pay ments.

Fo- 11uestions or conc1tr11s. plea:.e call 1·877•824-6249 .

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3047 Panther Drive Lakeland, FL 33812
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Cal-No 10231lC

florala	n P.O. Box 91597
.Premler Lawn& P  et	Lakeland, FL 33804

Invoice

Term1

Project

Due on l'l'Uipt

Rate

1 Monthly Lav.n m1in1e11.1n e 3020 S Florida Ave• IAollllld, f1

2,260.00

t ' 803 r po , unu I

rntu

1 Lawn fcnlliza1io11 pror,am filr St. Au111ninc Sod
I 9'bnlb rutiliwion propm
I Monthly lmsallon ll}'lilClll chech
I Mollb x 1:11 I'll trcntn1tnH
Billing For M.y 2019

75 00
13500
J4 00
JlO 00
11000

Amount
2,260.00
n.oo
I \ 5.00
.34.00
120.00
1I0.0U

RECEIVED	AP ' o 2Dt9

Sl ,?l◄. 00

Balance Due

$2,7'.14.00

Total

Thank you for your bu1.inen .

Oescr1pUon

Quantity

P.O. No.

Date	Invoice#	
Sl\12019		

Bill To

TownoPmCDD  1205 I Corporate Blvd Orlando, PL 32817

Phooe#	Fax#	Web Site	
863-668-04114	863-668-0495	www.OonilBWD.com	

*

floralawn P.O. Box 91597

Lawn /j

,	Lakeland, FL 33804

		P.O. No .	Terms	Project	
		Due on reci:ipt		
Ouanllty	Description	Rate	Amount	
I	!rrigatiCln repairs above lhc monthly nu1in1enancc for April, 2019
Lubor and matm uls 10 n1ak.t !lcce, r) repair :
(_l)lto1or4"

Scrvic Completed 4/3/2019

RECEIVED	MAYO 3 2019	56,44	56.44	
Thank you for your busincs .	Total	

Phone#	Fax#	Web Site	Balance Due	S5644	

Prem1e r	Pe ,

BHITo

t n1,1w l',,rl (' Il l )
I W 1 Coq1ornl ll h·d
CJ r!m1dn. 1-'1. '21117

86]-668-0494	863-668·049S	www . Ooralawn.cum

Invoice

	Invoice#	
5121.2019	RSOl8	

Grunit Pool Service
4855 Dislribution Ct Unit2
Orlandn. FL 12R22

To,,.,.,1 P9rk 1:'.iilates 11

Service To

I,,., n  l'urk  I stHI , (·1 II  J
\lnnt a \u1c,a
lktlmnJ 1-n u,"n

BIii To

888-390-0 l 94 info'@.gruniLcom WW\11.grunit.com

Invoice

D■te	Invoice•	
Ytn.019	ll76	

	Tenn•	Project	
	
Uul' on receipt		
Quentlty			DHcrlptlon	Price Each	Amount	
	Pool Scrvi e & bintcnam:

"'"' 1 '.ti YEO	MAY O Z 2019	J,JS0,00	!,350.00	
Make all checks payAhle to Grunit Pool Service. Invoices due in 30 days.
Overdue accents subject to a service charge uf 2% per month.	Subtotal	SU50.00	
	Sale■ Tax (6.5%)	so.oo	
	Total	Sl,J50.00	

Hopping Green & Sams
At1omevs and Co J<i$0lors

119 5 Monr;,e St!e t. Sta 31JO PO . lb, 65:16
hll  jhas5ee. FL 32314
e.50 222 ?SOC
-  -  -  -  -  -  ·- - - - - - - -  -  -  ---  -  -  -  -  -  ------- --  -	STATEMENT	- ----- --- - - - - - - - - - - - - - - - - - =	=

Towne Park Community Development District c/o PFM Group Consultlng LLC
12051 Corporate Boule\lard
Orlando, FL 32817

April 25, 2019

BUI Number 106995
Billed through 03/31/2.0L9

General counsel/Monthly Meeting TPKCDD	00001	RVW
FOR PROFESSIONAL SERVICES RE_NDERED
03/06/19	AHJ	Prepare ll pdat s to development status chart.

0.40 hrs

03/12/19	MKR

03/12/19	AHJ

03/1-4/19	AHJ

03/28/19	AHJ

Review final agenda and proposals regarding landscape and irrigation
insta llation and land development management; rt! earch pot ntial conflict of Interest.

Prepare updates to development status chart. Attend development status collference call.
Attend development status conferel'lce call.

1.30 hrs

0.10 hrs

0.10 hrs

hrs

Total fees for this matter			$460.50	
EMENTS	(;E/V£D	MAYO J 2019
Document Reproduction	41.50
Conference Calls	l  l0.76	
Total disbursements for this matter			$152.26	

DJSBUR S

MATTER  SUMMARY

Jaskolski, Amy H. - Paralegal	0,80 hrs	145 /hr	$ 116.00	
Rigoni, Michelle K.	1.30 hrs	265 /hr	$344.50	
TOTAL FEES TOTAL DISBURSEMENTS			S460.50
$152.26	
TOTAL CHARGES FOR THIS MATTER			$612.76	
PILLING  SUMMARY

Jaskolski, Amy H. - Paralegal	0.80 h	145	/hr	$116.00	
Rigoni, Michelle K.	1.30 hr..	265	/hr	$344.50	

General Counsel/Monthly Meetln	8111 No. 10699S	Pi!ge 2

TOTAL FEES
TOTAL DISBURSEMENTS

TOTAL CHARGES  FOR THIS BlLL

$460.50
$152.26

$612.76

Please indude the bill number on vour check,

Hoµpin9 Green &Sa111s

April 25, 2019

Towne Park Community Development District
c/o Ms. Jane Gaurlandt
PFM Group Consulting LLC 1205 l Corporate Boulevard Orlando, Florida 32817

Re:	Towne Park Commt1nity Development District Dec1r Jane:
Enclosed please t1nd our billing statement ' on behalf of the Towne Pork Community
Development District {the "District""'), for services J"endered and expenses incurred thmugh the month of March 2019. Pleuse remit payment ,1. soon as pussibh:.
' If you have any questions, please feel free to give me a call.

SinceJ"ely,
Roy Van Wyk
RVW/lk

Enclosures

 	

ACCOUNT SUMMARY	P,111e 1 of 2	
Billing Date:	0!5/0212019	
AcC<Junl Number ·	3555225	
Total Amount Due :	$103.24	
Payment Due Date :	05/30/2019	
PaymenlsfCredits/Returns since Last BIii	$ -112.75	
Previous Balance was a Credit :	$ -5.92	

R• T• ln Thi, Pcrtlon For Your Rt conh

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

ltemll!!ed Chargos

Total ChargH

Water [rr1g11t1on
Irrigation   Commercial     Inside  Mo nt  hl  y  Base  Charge . •	• . • • . . •. .

Water•1000 gal - 13 I! 2.61 .. . , . . .. . . . . . . .. . . .. . .. . .. .. . , .......

Wa t e r -1000 gal• 12 e 3.26 . .. .. . . . . . .. .. . .. ., . .. . . . . .. .. . . . .. .. .

Ins1de the City Uti l i ty TaK . . . . . . . .• . . , . . . . . . . . . . . . . .• • • . . .• . . . .

$
S
$
$

2 6 . 19
33 . 93
39  12
9.92

Current  Water   I rr1 gat 1on  Charge&. , , • , .........•.....,...,...• • . • . . • , .••.. , 	109 .16

TOTAL CURRENT CHARGES	$

109 .18

TOTAL ANOUNT &IJBJECT TO PENALTY AFTER 015/30/2019	$

103.24

RECEIVED	MAYO 7 2019

www.lakelandelectric.com
Please make checks pavable to Lak.eland Eloctrlc P.O. Box 32006 lakeland. FL 33802-2006 834-9535

Please return lh1s &lub along wiU, your payment aod note the account number on your cn111ck or money order to onsure proper credit to your account

Account Number :
Total Amt Due 05/30/2019
Amount Endosed :

3555225
$ 103.24

LAKELAND
..,	r O IV l	I ll f()R I I I I

U  '►1 J i
·,V.

000135 000004018
111• hl,I111'111I'II•1111h•1111111' 1111II 111•11•I1111•111•1hlI'
TOWNE PARK COMMUNITY DEVELOPMENT DIST 12051 CORPORATE BLVD
ORLANDO FL 32817-1450

PIBIIH note eddreH changes on the back of the payment stub .

VISIT OUR NEW EXPRESS PAY KIOSKS

Payments will post to your account lrn.medlately,

Scan this OR code. al our Express Pay kiosk
to go dlrectly to your er.count
Please s11a bad of lub for kiosk locallo,is.

0 00000000□010324 00□000□35552256 0 0□□0 0000□□1□324 □0 0□0 □03S5522Sb

.]llllll""'C'L ir

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Pgo2of2

,...  

,  .	_	·,	' Cl ':f, -F

Meter
Number
30009233

04102(20

Curcent
Readln
2502

Current
Read1    Date
05/01/2019

.Servlu
Reading
Waler-1000 gal

AKEL ANo·	EPAR- ME ,	OF ELECTRIC':U ILITIES

j

re
19	-
Prior
RQdlng	No. al
Davs	BIiied
11110•	Prior
Month		
	24TT	29	25	26	90	

Slfflle Month
LastYtar

O<I      Nw	Otc      -J

_J_

111

Water Service

f lectrtc I   water B1111ng Inquiries .

Important Phone Numbers
863-8 34-95 35	24-Hour P'""sr Out•g• lloworting .•..• 866-834-4248

Wa•te.irater I Solfd W sto Bill ing •••••

86.l -63 4- 81 76

24-Hovr Poy111C11t tiotl ,ne •••,•••••••• , 663-8 34-95 35

Fallen Power Lines / Water Outsgei . false Alarms ( Lakeland Pol1c& Dept).

86,3 834-4246
!163 - 814-69 40

TOO 1For Hear1ng lllpa.Hed) ....

,...

llecycli no	••.

. 663-8 34-8 333

Hlseell aneous Fire Dept Billing& .•

803-8 34-8201

Surge Protect lo11 	863-834-1500

La k c lo nd E le et ric COllttC11$ r.ocl. 1 ,\)Ulflly IIUll\UOll! to, ltn, lotl11wl11i) f>IIIJH",!>i\:,. ,1c,ou1l11,l.l; illlc:.ilh>11, l;UlilOIIICI 1d ent1fic U0n ; ver1h1,.iuon,
Llllllng, p1y1m,11f. C:todllworthhlCsr. lllld any lawful f)UIJJO!>ct11 l11 th,, coadm..l of l.akalalld Electric business,

Please Changt Malling Address To.

Taleph1ma Numll'er:

EXPRESS PAY KIOSK LOCATIONS
Drive-Through Klo•k
l..akeland Eledt ic · 60f E Lemon Slrset
Walk-Up Klot lt
Lat,y R Jadlson Library .. I 700 N Florida Ave Y.e!ly Reaeation r;11n.lll r 404 Imperial Blvd TO'NII Ceoler 001) E MefllOf!al IJrvd

liet11• Hli1l'uriolO f ., y,,.., l'<,c o,, ,

Service Loc• tlon:
5101 WHITE EGRET LN # WII
LAKELAND FL 33811 US

, -	· ..  .- ··  _	·AGCOUNT SUM ARY	Pago 1 of Z

B lin9 Date :
Account Number :
Total Amount Due ·
Payment Due Dale : Payments/Credits/Returns since Last Bill · Previous Balance was 8 Credit :

05/02/2019
355522..
l  •8'00.O1

OONOTPAY

5 ◄. 11

S -880 49

1

fternized Chargn

Total CtllfVIIS

Water lrrfgatfon
Irrigation  Commerc1o1   lnside  Monthly  Base  Charge   .............,    $
Water-1000    gal      •     13 @    2.61	S Water-fOOO  gal    •   4  e  3,.  26   .  ..    .  .  .  .  .  .  . 	S

26.19
33.93
13.04

Inside the City Utilfty Ta ••• ,, •.••••••• , ••••••, •••••••••• , •. ,. $	7.32
Current Weter Irrigation Chergee....•... ..............•.................. 	80.48

TOTAL CURRENT CHARGES	$

80.4&

TOTAL BALANCE REKAINING IS A CREDIT	$

-800,01

Kt:CEIVEO	MAY O 7 2019

www.lakelandelectric.com
Pleaw m.ike dlecks payoble to Lal«ll11nd E.lectric P.O Boit 32006 Lakeland. FL 33802·2006 834-9535
UQfl-(Q7toO_W_'°'5
Pl6ase re!.of'n lhia •tub along wllh your paymelll and note !he account 011mber on your check or money order lo ensure PfOP.8' aedil to you, acoount.

'

PAYl1/l NT	E  _TION  ·

1

Account Num ber :
Tola Ami Due/ DO NOT PAV

3555224
S -80, 0 01

.	.	.	'
,

P O N I I f I> I O II I I f I

000134 000004018
11f•h' •'IU1111 t•ll•1••tlt•1•11111•ll1t.l1ll011•t•11,1,,11fhh·
TOWNE PARK COMMUNITY DEVELOPMENT DIST
12051 CORPORATE BLVD
ORLANDO FL 3261'7-1450

VtS(T OUR NEW EKPRESS PAY KIOSKS

Paymeni11 wlU post to your IKlCouol lmmedlalel .
Sea t is QR cod& at our

'.ii

Please, note ad'dres11 changes on tlTe, back of Uw, payment stub.

Express Pay kiosk
to go cf11edly lo you, account
P/611.$6 see back cf i,1ub to, kiosk locstlolls

a □oa□a□oaooooaaa000000 3sss22	a aoooooa□oaaa□oo o□aoa□ 35ss2 ,

-	-	•";"J,,. "':"":-•   ._,,  -_..	- .. -	• -:::   •	L	.
CIFt'. OF LAKELAND DEP.AftTNIENT OF ELECTRIC UTILITIES

Meter
Numbar
53499210	Current Read Date
05/0 1/20
- 	Current
Readlna	p,ro,
Read Data	Prior
Reading	No. of
Days	
		-	1377	04/0?./2019	1360	29	

Slllad
Usaae	Prlor
Month	Same Month
LHtY.ar	
17	18	63	-	

S•n,ice
Reading

19

Wlll&r-1000 gal

P ' 2 12

,.
II

.2',-11

Ill-•1-I 1-ll I. .tOtt
Water Service

Important Phone Numbers

Electr1c I Water Bil l 1n9 lnqufr1es rln3t.ewater I Sol  i d l  Waste  Bl J Hng Fallen Po-Ner Lines/ Wate, Outage,
False AlsrPs {Lakeland Police Oept l , ••

863-834-9535
86 3-6 J4 -82 7S
863-634-4248
86 3 -834 6940

24-Hour Po-11er Outage Reporting
24 Hour P 11y 1111m  l Hnt l I ne •. TOO (for arlng !■pa ir ed } Recycling .......

866 8l4-47.4fl
1Ki3 s,u mnr. IJ&J-834 BlJJ 863     834  ll774

"lscellaneous F1re Dept 811lfngs •.••... 853-834-8201

Surge Protection

86J 834 150()

al<cland Electric collctl.s o;pc,t,11 S'lCur-ty n11111ber<J tor the foflo•.-.ing p1111m!.•1 .• 1cc,,unt cl <1S!lltll 14tl ()n , c1,stu111or 1(11mt1hcauon. veulil allon btlli,1u: pO)'llll'fll. crodltworthl!w5,; and 301/ hwful IIIIIJt<r,fl-. io tho co11CJtJcl of Lakeland EISLlrlc btl!Jinei,s

Ple21H Change Malung Addreu To:

Telephome Number:

EXPRESS PAY KIOSK LOCATIONS
Drlve•Thro4Jgh Kio5k
akelarnt Ell,ctrk;• 'iOI E' lemon Street
Walk.Up Kiosk
Larry R Jackson Lll.mliy • 1700 N. Florida Ave Kelly ReGl'elllron Cenle, • .«14 lmgerlal Blvd Town Ctlnil!r • 980 C Mer11o rlel Blvd

Billing Date :		05/02/2018	
Account Number :		3568145	
Tolal Amount Due		$ 712.94	
Payment Due Dato		05/3012019	
Payments /Cred ils/Returns	since Last Bill	$-707.32	
Previous Balance was a Credit :	$ -6.11	

S11rvlc11 Location:
3883 WHITE IBIS RD# REC
LAKELAND FL 33611 US

•p	::::-· ..... ,JI       ..-r- ..v •..,.., 	.,•=	.,...-	r_ !'""':"Yf_    .::t,r•	1-=-: .JI'"•-•·	L.  •       ,.._	-	•	•	"'If
f.;.i'	.	-  .	·.  · . ., . -	:	ACtOUNT. DETAIL	,	.
cl..	,	• -   ,...	•••• Ill:	'•	'•"••-_ ...,. .........::.±"--....•	l  ■ W,,,. .A,'t-       ■   Ill,,  ],I  l",	1	f

Ellctr-i c Ser-vice

lteml;cod Cliaq;ies

Total Ch11r9fll

General Serv1ce Customer Charge ..... ,.,.••.......,.,......•....  $ 	13 . 00
Electric 4925   KWH@   0.05015 . . ,.  ...   , ..  ,,,  .....,,........,,.......  $	246 . 99
Environmental Charge 4925 KWH@ 0.0021099 ..........•.... ,..,. , ,,  $ 	10 .39
Fuel Charge 4925 KWH@ 0.0375.......... ,,.•...,....,,.,.. ,., ,,,. $	184.69
Florida Gross Receipts fa)(... ,.............. ........." ., ...... $	11.6 7
Florida Regulatory Commission Surcherg ,..........,.....,.... ,.. S 	0.07
Florida Sales  Tax . . • • . .  . . . • • • • .  , ...... , . . . . . ..  . . . . . . .   . ..  . ..  . . . .	$	32.44
Polk County  Sales  Sur t ax '"  . ..   . . ..   . ..  ..   . ,.  ..   ,,   ................... $	4.67
In si de the  City Utility Tax........... ,,.. ... ... ...... ,.,..,.,,, $	29.06
Current E1eotr1c Service Charges, .., . .........•...........•........,...
Water Service
Weter  Commerc1111 Inside Monthly Base  Cttllrge ..  , ..•••.•• , ..   ,, .•••.  $	26.19
Watar-1000  gal    •   9@   2.44. .•.•. .. .. .	..•   . . .  .• • • • • • • •   , ...	, .•••    $ 	21.96
Inside  the Clty Ut i 11ty  Tex .. . ..  . ..  . ..  ..  ..  ..  ..  ..  . ..  ..  . .  . .. . .. ..	$	4.62
Curr•nt  W■ter Ser-vice Charge,.,...........................................
Other- Serv1cea
Solid loJaste  Commercial .•.   ,,,    •.•...... ,,,.,,,,.•   .•   •• •   •• •   . , . . • .• •   •     $ 	17.05
Wastewater   Service   •...••. ,.••• , ••, , •••, •.•••• ,,.•   , , •••.•.•• ,• • •	$	87 ,53
Stormwater Serv ice .•.•..,•,.•..... ,..,,•.,.•.•.•. ,..,......, S	28 .52
Other Service, and Account   Cher-gee.....,......... , ........................

!!32.G8

52.97

132.40

RECEIVED	MAY O 7 1019

Continued on next page..•
www.lakelandelectric.com
Pleas11 maka checks payable to Lakelarid Electric P.O  Bo   32006 l.akoland, FL 33802-2000, 8J◄- 9  535

Pleue riilurn this ,lull along w,lh yo1,r payment and note IIH1 account number on you, d1ec!1 or money order to ensure proper u edi! to yo'Jr account.

r.

---"'I        -...-;-      -	-        •     •   •	•      •••      •	'.	-,    '1'        .._.	,	'       ..   .,.

Account Number ;
Tot·al Am! Due 05/3012019
Amount Enclosed:

3568145
$  712,94

P.AY- M.  -E.N. T SE.  C.T.I.O-N-.

-

..-.

1{.  1·/  '  :     './..t,!'  .	' '

.	. .	·,:,
'

]·J

000136 000004018
111• hI1111111111'1I tiI   •th•I,111111 II11'1111•II,11111, 11,,'hh'
TOWNE PARK COMMUNITY DEVELOPMENT 01ST 12051 CORPORATE BLVD
ORLANDO FL 32817-1-450

PIHH note aclclren changes on the back of the paymanl stub.

VISIT OUR NEW EXPRESS PAY KIOSKS

Payrnanla will post Ill your account irnrner llalely.

Scan this OR code at our E,p ross Pay kiosk
to go dimc!Jy to your account
Please sea bet'/1 of stub for /t.ios/t. locations.

o 0000 □0 □0 □□71 294 00000□0 35681451 o 000000000071294 oo □□ o□□3Sb81 4S1

P1! 2 12

- -- .-

.	-.':firy pf	K LAND00EP  t;tn_f	fgf 'e[ec}RIC u:r_ii,t,e-s _

...' -	--

TOTAL CURRENT CHARGES	$	719.05

Service
Rudin9

HMumoblJ"er

TOTAL ANOUNT SUBJECT TO PENALlY AFTER 05 / 30 / 2018	$	71 2. 9..

I

	Currenft	,	Prior
Real!!_ng
64214	

29	8llled
Uu   •
4925

9	PrlOI
Montll	_La.s,t mYe.,-,
0
.	0	
RCea.d;.eDoatta   _   adlng	Re.ad Date
05,'0 12019	69139	041()2'2019
05101/2019	14G	;;	2/2019 1						
				5074		
	137	29		6		

Elearic-KWH	306681
Walor -1000 gal	30009269

1100

ma

0

I_
"'	0d	..

O•t	,loo      ' "'	,. ,,	A.II' .,.,,

I 111

'°"

11

Electric Service	Water Service

Important Phone Numbe r&
El ectric I Water Bil ling Inqui ries	883-834-9535	24 -Hour Power Outage Reporti g . .• • . . 860-834-4248

•..••••

Wastawater I Sol id waste e11t ing •

863-8 34-8 27 6

24-Hour Pav .e11t Hotl i ne ••.•••••...•• 8.63 -8 34•9535

•.

fallen P<JWer ines J Water Outages False Alar•s ( Lakeland Police Dept) Ntscellaneous F\re t	61\lings

86 3-834 -4248

.•.

... 863-8 34-694 0

••

• •  • 863-8 34-82 0 1

TOO ( For Hear1ng t•pe1rec) Re ycl1ng •	• Surge Protectrnll ,,

863-834-8333
863- 834•6774
863- B34-\500

L.akel,mcl Elecl .-ic co l lc!t.ts soc:l,11 i;ucun ty 11umbc1,i fur the foll o w11111 Jll ll Jlo< t' -. ., , o u ni t l.ls•.ilUt .11lo n. r,u 10111c,r ld cm t1l1ca tion . ve ritle.1ttn11· blllin l},  p.tyPlfllll; etodllworthlnN!! aml	l,1wf11I Jnlf fll.._..,., i11 !119 conduct of L.alteland Elc c.lrlc buslnesi.

Please Change MalUno Address To:

Teiephons Number:

EXPRESS PAY KIOSK LOCATIONS
Drfv-e Throug Klolk
Lakeland Electrk:• 50I E Lemon Slrellf
Walle-Up Kiosk
Lauy R JadcaM Llbtary • 1700 N Flof ida Ave. Kelly Reaealioo C1nlf.Or • 404 lmperL,1 Blvd Town Cen,te • 969 E MerlWl'l&I Blvd

Monica Sutera

From: Sent: To:
Cc:
SubJ•ct:

Monica Suterc1
Monday, April 29, 2019 3:00 PM 'Bethany Ferguson'
Jane Gaarlandt: Denise Abercrombie
RE: Towne Park 11 Rental

So sorry to hear that

Yes. I'll process !he payment to Steven as soon as possible Regards,

Monica Sutera
District Accountant

PFM Group Consulting LLC
;:;_1,1_ m@pfrri.corn I phone 407,723.5900 I fax 407. 723.5901 jweb pfm.com
12051 Corporate Blvd I Orlando, FL 32817

From: Bethany Ferguson (ma1lto:b.ferguson@hcmanagement.org]
Sent: Monday, April 29, 2019 9:49 AM
To: Monica Sutera <suteram@pfm.com>
Cc: Jane Gaariandt <ga arlandtj@pf m.com>; Denise Abercrombie <d.abercmmble@hcmanagement.org>
Subject: Towne Park II Rental

EXTERNAL EMAIL: Use care with links and anachments.

Good morning,

Steven Maldonado contacted me regarding his rental at the Towne Park II Clubhouse yesterday. He states that the AC condenser has had some vandalism and a fuse was stolen out of it, leading to the clubhouse being too hot to use <luring his reserved time.

Monica, can we please have the $100 refunded to him at 3740 Peregrine Way, Lakeland, FL 33811? Jane, we will proceed to contact the original installer for fuse replacement and service.
Bethany Ferguson, LCAM
l'l] USlm i!lmn,1n!lgL'll! l!.l1ri; Highland Communlly Management 3020 South P!orida Ave., Suite 305
Lakeland, FL 33803
863-940-2863

TOWNE PARK
COMMUNITY	DEVELOPMENT	DISTRICT

Payment Authorization #108
5/23/2019

Item	
Payee	
Invoice Number	
General	
No.			Fund	

1	
Choice Networks			
	Security Camera Maintenance	12517	$	75.00	
2	Flahkind & Anoclatee			
	Conference Calls - 2019.5	24498	$	15.40	
3	Floralawn
lrrigat10n Repair - 2019.4	

85084	
$	116.29	
	Irrigation Repair• 2018.11	83062	$	160.00	
	Irrigation Repair - 2018.10	82778	$	34.28	
	Irrigation Repair - 2018.8	82145	$	54.65	
	Monthly Lawn Maintenance - 2018.5	80470	$ 1,805.00	
4	PFM Group Consulting LLC
OM Fee and Reimbursables - 2019.5	
DM-05-2019-0066	
$ 2,158.33	

TOTAL	$ 4,418.95

1321 WYNCIATE DRIVE'.
LAKELAND, F'L 33809

Invoice

Date	Invoice#	
51612019	12517	

BHITo
Towne Parl lf CDD
3020 South Florida All'tnue	Terme	Due Dale
Suite 305
Lakeland, Fl 35103	S/21fl019

Qty	D11!k'.1iptlon	Rete	Amount	
I	Hour wortced 0S/02119	75 00	7S.OO	
	Towne Part II IIOA C1ubllouse			
	lnspee1ed Ci1111 , lllld DVR			
	Realigned lY.o camens			
	Upd81ed the :,y.ff em time on tile llVR			

Subtotal	sn.oo
Sale ■ Tu	(7.0%)	$0.00 .

Phone#	
1163-851-4199		
Fax#	863-!IS J-	1143		
E-mall	dave.spivcy@cholcc-network s.com	

Total	$75.00
.	Payments/Credits	so.oo
I	Balance Due	$7S.OO

Monica Sutera

From:
Sent:
To:
Cc:
Subjed;
Attachments:

Bethany Ferguson < b. ferguson@hcmanagement.org> Monday, May 6, 2019 10:13 AM
Monica Sutera
Jane Gaarlandt; Sona Ii Patil
Towne Park II - Choice Networks Invoice
Choice Networks - camera system 5.6.19.pdf

EXTERNAL EMAIL: Use care with links and attachments.

Good morning,

Please see attached invoice for COD clubhom;e cameras. The cameras were found to be tu.med towards the ground after reviewing the footage for the A/C vandalism. The timing was also off by approximately 12 hours and needed to be updated. Please advise on any further information needed

Bethany Ferguson, LCAM
b.ferguson@hcmanagement.org Highland Community Manaaement 3020 South Florida Ave., Suile 305 Lakeland, F'L 33!i03
863-940-2863

.	I

l h .; l1l.11 u l
(   0(1	IUU1U\

\ l. 1.1, 1.;\ "" "'

1

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

FISHKIND
& ASSOCIATES

Towne Park OM
do Fishkind & Associates, Inc. 12051 Corporate Blvd.
Orlando, FL 32817

Invoice

Invoice#: ]24498
5116/2018

Towne Park COD
Amount
15.40

Conference Calls

Services:

File: TowneParkDM

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
,AI\AIIAI fici:hltin ,.,..,,..,,

Balance Due	$15.40
RECEIVED MAY 1 6 2019

liC!TAL. USf/OtNEll c.oo
   ODUAJDR	
lfWlf=G=-="Raaar#=  , _..s..       _   _   _   _   _   _   _   _   _   _       _B.,  tw■s R-.z

lK.UNID'I•

I

oice
INVOICE NUM9£R l(IIVOICE DATE ACCOUN'J JfO, DUE 1M E
TAlllD
AMOUIITOIJE.

PAGf10
2759u96
0-4/26}1019
8S73,742  o,; f"z6 )ZOM) 58•24n656 USOSs77.17

floralawn P.O. Box 9IS97

-

Terms

--
Project

--

SI 1 .29

Balance Due

\Jltd()

Total

'J hank )UU for i•our lm ine,,

I lf>.29

I 16.2Q

M 131019

RECEIVED

Rt paired mn,n line

Serviet Con1ple1 d 41I 6120 I 9

I

Amount

Rats

De1erlplion

Quantity

Due on nm:ipt

P.O. No.

Frnrnier LJY,an Ii. Pest	Lakcl11nd, FL 33804

Bill To

T01me Park CDD 1203! Corponic Ulvd Orllllldo, FL 32& 17

Phone#	Fax#	Web Site
--		

&63·668•04<l .I	w\n1 noralawu_com

Invoice

Date	Invoice"	
51101'.2019	85064	

Flora!awn, Inc.
P.O. Box 91597 Lakeland, FL 33804-1597 863-668-04 94

Bill To

Invoice

Date	Invoice#	
11/28/2018	9)062
-	

Quantify

-

I

Sl60.00

Balance Due

SflOO

Payments/CredIts

1160 00

Total

Thank }'OU for your bu9ines .

160.00

160.00

RECEIVED	MAY 1 3 2019

Localed stucic: l'Blvt and turned it ofT. Solenoid was opened

',  r,1r,· ,oiuplrl d I 117/JO IR

Amount

Rate

Descr1pt1on

Due on receipt

1112812018

Project

Terms

Service Peri..

"lownc Park CDD
I 20S I Cofllorate Blvd OrlenLlo, FL 328 Ii

RECEIVED	MAY 1 J 2019

Phone#	fax#	Web Sile	
863"668--0494	gt,]-668-04'1	www./lorsla"'11.com	

Floralawn, Inc.
P.O. Box 91597 Lt1keland, FL 33804- I 597 863-668-0494

I,

Invoice

Date	Invoice#	
I !/6/20 Ill	82718	

I I.. ') "'\ r'• ·'I' l· t • ,,_. ,1 \

Tov.11e PHrli CDD
I 20. 1 l.OIJIMa1e Hlvd
Orllllldo, FL 32817

Bill To

S34.28

Balance Due

so.oo

Payments/C redIts

SH.28

Total

TIIQnk ynu for )O!IT b11 ine11.

34.211

3US

RECEIVED	MAY 1 3 2019

lmg.11 mn repair s nw 1hc m,mthlr nrnm1cnance for October. 2018 Lahnr wid 111,1terial tu ina c nc,·,krl n:l':ur,
( I ) Duhbler. iiritrnl

Service compleled 10117/2018

1

Amount

Rale

Dt!sc IIpl10n

Quantity

Due on receipt

l l/612018

Project

Terms

Service Peri...

RECEIVED	MAY 132019

Phone#	Fax#	Web Site	
863-668-0494	S6Hfi8•04',l	WW\\'. floralaW11.cnm	

* floralawn P.O. Box 91597

Invoice

Date	Invoice#	
IJ/2412018	8214S	

Bill To	------	
Tuwnc hrk COD 12051 Corporate lllvd
Orlando. FL 12111 7		

PremIer LJ\11n L,,.P est

Lakeland, FL 33804

RECEIVED M Y 1 3 2019

	P.O. No.	Terms	Project	
		Due on reccipl		
Ouenbty	Desaip\1on	Ral8	Amount	
I	lrrigAtinn Rcrnir nhovl' 1he rnrmthI)' rn in1en3nct for Augusl 20 I 8

r.ahor and m Icrinl co moke oecdc d repairs u1111e irri(ultion system: cnupIi ngs, c lhn,1-.. and lln ho<<
Scrvke cnmJ>lc!cd· 811 512018

RECEIVED	MAY 1 3 2019	54.65	54.6S	
fhanl.: you for yo<1r b11sineu.	Total	

Phone#	Fax#	Web Sita	Balance Due	

r1,• rn1, ,, 1 Jw n t,, 1 ,.   1

Lakeland • Fl 33804

* floralawnP  ..O

Box 91597

Invoice

5/!,2018

80470

Invoice#

Date

RECEIVED	MAY 1 3 2019

I llanlc. )OIi for > our busiJ .

Total

Sl. 1105.00

Phone#

Fax#

Well Site

Balance Due

su os.oo

Bill To

To..,.ne Plllk COD 12[)5 1 Corporate BIvd
Orlando. FL 32817

		P.O. No,		Terms		Project	
				Due on n:c:eipt			
Quantity	Description			Raia		Amount	
1	Monlhl)' Lawn mal11teno.nce			1 ,llOS.00		1, 805.110	

Dato	ln\lQQI Number	
May 16, 2019	DM-05-2019•0066	
Payment T8IITI&	Due Data	
Upon Receipt	May 16, 2019	

pfm

'

12051 CoqYJral BIY,;I

) 1lando, n 32817
l l nkod Stall! o1 Amcn ca

8'11 T o.

Towno Park COD
.'o PFM Group C-Onsultln DisIrie! Accounting
llcp 1111m nl

1736 M11rkel Slreol 43rd Floor Phlladelphla. PA 1910:J
, {215) 567-6100

Fed&r8l TH ID· 81·1642478

Raml"•nc:9 Opllon.:
:
PFM Group Consulllll!I LLC B.atlll N eme:M& T Bank ACH# I ACH): 031302955
1\1:cou nt H: 986588 22

llll.lz'hD·
Bank Narne:M& T Bank
ABA" (Wire) : 0 2000046
Accounl# : 986 5863822

::!id..!t.l,!!.
PFM Clrouf1 Consu lng LLC PO Box 65126
Baltimore. MD 21264-5128
United S1e1-,s of Amerlca

RE·	D,s111c1  Management F ee: May . 2019 -
Wobslle Fee•

Tolel Amount Due

S?,OB'.l. 33
ill&!!
w.an

RECEIVED MAY f 6 2019

of

Towne Park
Community Development District

Monthly Financials

Towne Park CDD
Statement of Financial Position
As of4/30/2019

Current Assets	General Fund	Debt Service
Funds	Capital Project&
Fund
Assets	Long Tenn Debt
Group	Total	
General Checking Account	$136,327 32				$136,327.32	
DepoStts	4,350.00				4,350.00	
Debt Service Reserve Bond		$135,837.50			135,837.50	
Debt Servk:e Reserve S2018 2B Project		183,520.01			183,520 01	
Debt Service Reserve S2018 3A Project		567,440.00			567.440,00	
Revenue Bond		32,782 63			32,782 63	
Revenue S2018 28 Project		2,594 09			2.594.09	
Revenue S2018 3A Project		7,943.40			7.943.40	
Interest Bond		50,418.76			50.418.76	
Interest S2018 28 Pr0JBCt		6,455.90			6,455.90	
Interest S2018 3A Project		6,460.93			6,460 93	
Prepayment Bond		217,699.75			217.699.75	
Capitalized Interest S2018 2B Project		91,335 14			91.335.14	
Capitalized Interest 52018 3A ProJect		283,723.10			283.723.10	
Acquisitioo/Construction Bond			$2,653.31		2,653.31	
Acquisition/Construction S2018 2B Projec			489,492.96		489,492.96	
Acquisition/Construction S2018 3A ProJec			2,604,293.80		2.604.293.80	
Total Current Assets	$140,677.32	$1,586,211.21	$3,096,440 07	$0.00	$4,823,328.60	

hwestments						
Amount Available in Debt Service Funds			$1,586,221.21	$1,586.221.21	
Amount To Be Provided			14,078,778.79	14,078.778.79	
Total Investments		$0.00	$0.00	$15,665,000.00	$15,665,000.00	
Total Ass.et&	$140.677.32	$1,586,211.21	$3,096,440.07	$15,665.000.00	$20,488,328.60	
		Liabilities and Net Asset.a			
Current Liabilities					
Accounts Payable	$762.74			$762.74	
Accounts Payable		$1,063.45		1,063.45	
Retainage Payable S2018 2B Project		197,410.49		197,410.49	
Re!Binage Payable S2018 3A Project		509,411.13		509,411.13	
Total Cl.lrrent Liabilities	$762.74	$0,00	$707,885.07	$0.00	$708,647.81	

long Term LiabUllie.s						
Revenue Bonds Payable - Long-Term				$15.665,000.00	$15,665,000.00	
Total Long Term Liabilities		$0.00	$0.00	$15.665,000.00	$15,665,000.00	
Total Liabilities	 	$762 74	$0.00	$707,885.07	$15.665,000.00	$16,373,647.81

Revenll8s

Towne Park CDD Statement of Activities {YTD) As of 4/30/2019

General Fund	Debt Service	Capital Projecm	Long Tenn Debt	
	Funds	Fund	Group	

,_,

On-Roll Assessments	$56,025.33				$56,025.33	
Off-Roll Assessments	137.22040				137,220.40	
Other Income & Olher F,nanc,ng Sources	30000				300,00	
on-Roll Assessments		$43,372.88			43,372 68	
Off-Roll Assessments		36.491 07			36.491.07	
Other Assessments		445.208.15			445,208.15	
Developer Contributoons			$5,98765		5,987 65	
Total Revenues	$193,545.73	$525.072.10	$5,987.65	$000	$724,605.48	
""S"u"pe'rvisor Fees	

$3,000.00				

$3,000.00	
D&O Insurance	2.356,00				2.356.00	
Trustoo Services	2,567.50				2,587.50	
Management	14,563.31				14.583 31	
Dissemmat,on Agent	5,500.00				5,500 00	
District Counsel	13,888.06				13,888.06	
Assessment Adm1n1slration	5,000.00				5,000 00	
Audit	5,075.00				5.075.00	
Travel and Per Diem	278.59				278.59	
Telephone	35 53				35.53	
Postage & Shippmg	177 16				177.16	
Copies	228.75				228.75	
Legal Advenismg	844.24				844.24	
MiscellaneoLE	1,500.00				1.500.00	
Web s;te Ma,ntenance	525.00				525.00	
Dues, L,censes. and Fees	175.00				175.00	
Clubhouse Electric	4.478 98				4.478.98	
Water	5,450.87				5.450.87	
Clubhouse Water	1,085.54				1.08554	
Lake/Pond Repair & Maintenar,;e	19,750.00				19,750.00	
Amen,ty- Pool Mamtenance	9,925.00				9,925.00	
Amenity- Internet	4,970.57				4,970.57	
General Insurance	2,946.00				2.946,00	
Property & Casualty	8.61300				8,613.00	
lrngat,on	150.20				150.20	
Landscaping Ma,ntenance & Matenal	22,289 79				22,289 79	
Facility Repair & Mamtenance	1.194,00				1,194.00	
Inter-Fund Transfers	(51.892.26)				(51.892.26)	
Principal Payments Bond		$630,000.00			630,000.00	
Interest Payments Bond		336,556.93			336,556.93	
Inter-Fund Transfers		37,911.98			37,911,98	
Engineering			$69,713 50		69.713 50	
District Counsel			6,481,15		6.481.15	
Contingency			7,563,067 23		7.563.067.23	
Inter-Fund Transfers			13,980.28		13.980.28	
Total E>:penses	$84,715.83	S1.004.468.91	$7,653,24216	$0.00	$8.742.426.90	

Towne Park COD Budget to Actual
For the Month Ending 4/30/2019

Year To Date

Actual	Budget	Variance	FY 2019
Adopted Budget
Revenues

On-Roll Assessments	$	56,025.33	$	51,800.00	$	4,225.33	$	88,800.00	
Off-Roll Assessments	$	137,220.40		$	137,220.40		
Developer Collections		114,012.50	(114,012.50)	195,450.00	
Net Revenues	$	193,245.73	$	165,812.50	$	27,433.23	$ 284,250.00	

General & Administrative Ex11enses					
Supervisor Fees	$	3,000.00	$	2,333.33	$	666.67	$	4,000.00	
D&O Insurance	2,356.00	1,516.67	839.33	2,600.00	
Trustee Services	2,587.50	2,333.33	254.17	4,000.00	
Management	14,583.31	14,583.33	(0.02)	25,000.00	
Engineering		2,916.67	(2,916.67)	5,000.00	
Assessment Administration	5,000.00		5,000.00		
Dissemination Agent	5,500.00	2,333.33	3,166.67	4,000.00	
District Counsel	13,688.06	6,750.00	5,138.06	15,000.00	
Audit	5,075.00	3,791.67	1,263.33	6,500.00	
Travel and Per Diem	278.59	291.67	(13.08}	500.00	
Telephone	35.53	116.67	(81.14)	200.00	
Postage & Shipping	177.16	87.50	89.66	150.00	
Copies	228.75	875.00	(646.25)	1,500.00	
legal Advertising	844.24	1,750.00	(905.76)	3,000.00	
Miscellaneous	1,500.00	11,666.67	(10,166,67)	20,000.00	
Web Site Maintenance	525.00	525.00		900.00	
Dues, licenses, and Fees	175.00	145.83	29.17	250.00	
Water	5.450.87	4,666.67	784.20	8,000.00	
Pond Maintenance	19,750.00	5,633.33	13,g16.67	10,000.00	
General Insurance	2,946.00	1,695.83	1,050.17	3,250.00	
Property & Casualty	8,613.00	7,000.00	1,613.00	12,000.00	
Landscaping Main\en(l;nce & M(l;terial	22.439.99	72,916.67	{50,476.68)	125,000.00	
Total General & Administrative Expenses	$	114,954.00	$	146,329.17	$	(31,375.17)	$	250,850.00	

Pool & Clubhouse
Maintenance Staff	$	$	1,750.00	$	(1,750.00)	$	3,000.00	
Facility Management		1,750.00	(1,750.00)	3,000.00	
Clubhouse Electric	4,478.98	5,833.33	(1,354.35)	10,000.00	
Amenity - Internet	4,970.57	583.33	4,387.24	1,000.00	
Facility Repair & Maintenance	1,194.00	1,458.33	(264.33)	2,500.00	
Pest Control		291.67	(291.67)	500.00	
Clubhouse & Pool Maintenance	9,925.00	4,900.00	5,025.00	8,400,00	
Water	1,085.54	2,916.67	(1,831.13)	5,000.00	
Total Pool & Clubhouse Expenses	$	21,654.09	$	19,483.33	$	2,170.76	$	33,400.00	

Total Expenses	
$	1361808.09	
$	1651812.50	$	!291204.41 l	
$	2841250.00	
Income (loss) from Operations	$	56,637.64	$	$	56,837.84	$	

Qther Income (Exeensej					
Other Income	$	300.00	300.00		
Interest Income	102.40	102.40		
Total Other Income (Expense)	$	402.40	$	$	402.40	$	
Net Income (Loss)	$	57,040.04	$	$	57,040.04	$