Holly Hill Road East

Community Development District

12051 Corporate Boulevard, Orlando, FL  32817; 407-382-3256

The following is the proposed agenda for the meetings of the Board of Supervisors for the Iloliy Hill Road East Community Development District, scheduled to be held Wednesday,

July 18, 2018 at J0:45 a.m. at the Offices of Cassidy Homes, 346 East Central Ave., Winter Haven, FL 33880. Questions or comments on the Board Meeting or proposed agenda may be addressed to Jane Gaarlandt at janeg@fishkind.com or (407) 382-3256. As always, the personal attendance oftlu·ee (3) Board Members will be required to constitute a quorum.

If you would like to attend the Board Meeting by phone, yo u may do so by dialing: Phone: l-877-864-6450 Participant Code: 454943

PROPOSED BOARD OF SUPERVISORS' MEETING AGENDA

Administrative Matters

•	Roll Cal.I to Confirm Quorum

•	Public Comment Period [for any members of the p ublic desiring to speak on an:y prop osition before the Board]

I.	Consiclei-ation of the Minutes of the ,June 20, 2018 Board of Supervisors Meeting

Business Matters

2.	Public Hearing on the Adoption of the District's Fiscal Year 2018~2019 Budget

•	Public Comments and Testimony

•	Board Comments

•	Consideration of Resolution 2018-l 4, Adopting a Fiscal Y car 2018-2019 Budget and Appropriating Funds

3.	Public Hearing on the Imposition of Special Assessments to Fund the District's Fiscal Year 2018-2019 Budget

•	Public Comments and Testimony

•	Board Comments
A. Consideration of ResolutionAdopting2018-15, an Assessment Roll for Fiscal Year 2018-2019 and Certifying Special Assessments for Collection

B.	Consideration of Direct Collection Agreement

4.	Consideration of Amended and Restated Agreement Between Holly Hill Road East Community Development District, The North Boulevard Community Development District And RHR East, LLC, Regarding The Joint Acquisition Of Certain Work Product, Improvements And Real Property (provided under

separate cove,~

5.	Consideration of Acquisition of HoJJy Hill Road East Amenity Center Land
	(p rovided under separate cover)
6.	Ratification of FY 2016-2017 Audit
7.	Ratification of Payment Authorization Nos. 33 -  35

8.	Review of Monthly Financials

Other Business

Staff Reports

District Counsel

Interim Engineer

District Manager

Supervisor Requests and Audience Comments

Adjournment

Holly Hill Road

East

Community

Development District

Minutes

MINUTES OF MEETING

HOLLY

HILL

ROAD

EAST

COMMUNITY DEVELOPMENT DISTRICT

BOARD OF SUPERVISORS' MEETING Wednesday June 20, 2018 at 10:45 a.m. Offices of Cassidy Homes 346 East Central Ave., Winter Haven, Florida 33880

Board Members present at roll call:

Rennie Heath

John Mazuchowski

Lauren Schwenk

Andrew Rhinehart

Scott Shapiro

Also, Present:

Sarah Sandy

Jane Gaarlandt

Board Member

Board Member

Board Member

Board Member

Board Member	Goined@ 10:47 a.m.)

Hopping Green & Sams, P.A.

Fishkind & Associates, Inc.

FIRST ORDER OF BUSINESS	Call to Order and Roll Call

The meeting was called to order at 10:45 a.m. Those in attendance are outlined above.

SECOND ORDER OF BUSINESS	Public Comment Period

There were no members

of

the public present.

THIRD

ORDER

OF BUSINESS

Consideration	of  the	Minutes	
the	May	16,	2018	Board	
Supervisors Meeting		

of of

The Board reviewed the minutes

of

the May

16, 2018

Board

of

Supervisors Meeting.

On MOTION by Ms. approved the Minutes

Schwenk,

of the May

seconded 16, 2018

by Mr. Rhinehart, with all in favor, the Board Board of Supervisors Meeting.

FOURTH ORDER OF BUSINESS

Consideration	of	Resolution 2018-	
13,   Authorizing	the   Boundary	
Amendment			

Ms. Sandy explained that the District was approached and asked to amend its boundaries	
to add 3 3. 7 6 acres ofland to the west of	the current District and there was talk to do this	
with North Boulevard, but because it is	in the same City as the Holly Hill District staff	
was going to move forward with amending it into Holly Hill's boundaries. Ms. Sandy	
explained Resolution 2018-13.		
On MOTION by Mr.  Heath,  seconded by Ms.  Schwenk, with all in favor,  the  Board	
approved Resolution 2018-13, Authorizing the Boundary Amendment.	

FIFTH ORDER OF BUSINESS	Consideration	of		
	Amendment Funding		

Boundary

Agreement

Ms. Sandy explained that this is an agreement between Cassidy Holdings Group, Inc. and		
the District to fund any of the District's	cost for amending the District's boundaries. Ms.		
		entity later. Mr. Shapiro		
Schwenk asked if the Board can change the funding agreement			
			
joined the meeting in progress.				
On MOTION by Mr.  Heath,  seconded by Ms.  Schwenk, with all in favor,  the  Board		
approved the Boundary Amendment Funding Agreement, subject to changing the entity		
name.				

SIXTH ORDER OF BUSINESS	Consideration	of		
	Methodology /Revised		
			
	Budget for Fiscal Year		

O&M Proposed 2018-2019

Ms. Sandy explained that this chart shows in more detail the methodology	used in order		
				
to differentiate the O&M assessments on the platted vs. the unplatted lots. Specifically, it		
assigns  a  lower  ERU  to  the  unplatted  property,  unlike  the  debt  methodology.   Mr.		
Shapiro indicated that he thinks that the actual budget total will be lower based on the		
landscape bid that has been received and the ultimate assessments should be lower. Ms.		
Sandy noted that with the revised numbers	the budget might be as low as	$211,000.00	as		
					
		Mr. Shapiro said that assessments will be		
opposed to $262,000.00, which it is currently.			
						
revised at the final budget hearing. Ms. Sandy stated that previously the District did not		
show the methodology in detail. Mr. Shapiro noted that calls could be directed to him.		

Ms. Gaarlandt responded that the calls typically	go to Ms.		
			
assessments. Ms. Sandy requested a motion to approve the		

On MOTION Mr. Heath, seconded	by Mr. Shapiro, with		
			
the updated O&M Methodology/revised Proposed Budget		

Glasgow, who can explain the revised Methodology.

all in favor, the Board approved for Fiscal Year 2018-2019.

SEVENTH ORDER OF BUSINESS

Consideration of items related to Amenity Center Construction

Ms. Sandy explained that the costs for building the Amenity Center were much higher		
than originally anticipated so it was proposed that the District do an amendment	to the		
	First		
Engineer's  Report  for  both  Holly  Hill  and  North  Boulevard.  The  revised			
Amendment to the Amended and Restated	Engineer's Report is included in the Board's		
				
packet. agenda				
On  MOTION  by  Mr.  Shapiro,  seconded	by  Mr.  Heath  with  all  in  favor,  the	Board		
				
approved the Fist Amendment to the Amended and Restated Engineer's Report.			

EIGHTH ORDER OF BUSINESS	Consideration	of		
				
	between the District		

Agreement

and Creative

	Association	Services,	Inc.	for		
	landscape Maintenance Services			
Ms. Schwenk recused herself from the vote noting a conflict.	Mr.	Heath noted that even		
								
though she recused herself from the vote she can still discuss it with the Board.				
Mr.  Heath asked Ms.  Schwenk if they  had  figured  out how to  mow  the  slope.  Ms.		
Schwenk answered that she has not had the ability to talk with Al Jr. since he went out		
there to discuss what can be done. Mr. Heath mentioned that DOT has remote mowers.		
Ms.  Schwenk replied that they are  about $50,000.00.  Mr.	Heath asked if	the District		
could pay for that. Ms. Sandy said that could be an option but she	is	not sure	if that is an		
item that the District has in the budget and she would have to look	at the threshold	for		
				
public procurement. Mr.	Shapiro asked if the equipment could be rented on an as needed		
basis and suggested Ms.	Schwenk look into renting one and the CDD could pay for the		
rental change. A discussion took place about subcontracting	someone who has one	of	the		
									
remote mowers. Ms. Schwenk stated that the area in question cannot be seen from the		
road.  Ms.  Gaarlandt  noted  that  the  District  might  be  fined  by  the  county  for  not		
maintaining the slope. Mr. Shapiro asked Ms. Schwenk to	ask Al Jr. to make a couple		

phone calls about options. Mr. Heath noted that Larry Woody with QGS does DOT work.		
Ms. Schwenk said that if someone in the area does DOT work then the District can figure		
that out. Ms. Sandy requested a motion to approve the Agreement between the District		
and Creative Association Services, Inc. for landscape Maintenance Services.		
On  MOTION  by  Mr.  Shapiro,  seconded  by  Mr.  Rhinehart,  with  4  in  favor  and	1	
abstained,  the  Board  approved  the  Agreement  between  the  District  and  Creative	
Association Services, Inc. for landscape Maintenance Services.		
NINTH ORDER OF BUSINESS	Consideration of Fiscal Year 2016-		
	2017 Audited Financial Statement		
	(Subject to final review by staff)		
Ms. Gaarlandt noted that the Audited Financial Statement is subject to final review by		
staff. Mr. Shapiro stated that it was a clean audit and he had no issues with it.		
On MOTION by Mr.  Heath,  seconded by Mr.  Rhinehart,  with all  in favor,  the Board	
approved the Fiscal Year 2016-201 7 Audited Financial Statement, subject to final review	
by staff.			

TENTH ORDER OF BUSINESS	Ratification

Authorization

of Nos. 30-32

Payment

The Board reviewed Payment Authorization Nos.

30

-

32.

On MOTION by Mr. Heath, seconded ratified Payment Authorization Nos. 30 -

by Mr. Rhinehart, with all in favor, the Board 32.

ELEVENTH ORDER OF BUSINESS	Review of Monthly Financials

The Board reviewed the  monthly financials.  Mr.  Shapiro  asked to  check on the  cash

balance because the District sent a big O&M check to Pulte. Ms. Gaarlandt will check on

it. There was no Board action required at this time.

TWELFTH ORDER OF BUSINESS	Staff Reports

District

Counsel-

No Report

District

Engineer-

No Report

District Manager -

Ms. Gaarlandt stated that the District manager was called by Lennar, asking about access to the Amenity. Mr. Shapiro asked Ms. Gaarlandt to find out who it was and direct them to him and he will handle it.

Ms. Gaarlandt reminded the Board that the deadline to submit the Form 1 is July 1, 2018

THIRTEENTH ORDER OF BUSINESS	Supervisor Requests and Audience	
	Comments	
There were no Supervisor requests or Audience comments.	
FOURTEENTH ORDER OF BUSINESS	Adjournment	

There were adjourn.

no

other  questions  or  comments.  Ms.  Gaarlandt  requested	a	motion	

to

On MOTION adjourned the East.

by Mr. Shapiro, seconded June 20, 2018 meeting of

by Mr. Rhinehaii, with all in favor, the Board		
the Board	of Supervisors	for Holly Hill Road		

Secretary / Assistant Secretary	Chairman/ Vice Chailman	

Holly

Hill

Road

East

Community

Development District

Adopting

a

Resolution 2018-014,

Fiscal Year 2018-2019
Appropriating Funds

Budget

and

	RESOLUTION 2018-14					
THE ANNUAL APPROPRIATION RESOLUTION OF THE HOLLY HILL			
ROAD EAST COMMUNITY DEVELOPMENT DISTRICT ("DISTRICT")			
RELATING  TO  THE  ANNUAL  APPROPRIATIONS  AND  ADOPTING			
THE  BUDGETS  FOR THE FISCAL  YEAR BEGINNING  OCTOBER  1,			
2018,  AND  ENDING  SEPTEMBER 30, 2019;  AUTHORIZING  BUDGET			
AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.				
					th	June,	2018,		
WHEREAS, the District Manager	has, prior to the fifteenth (15  )  day in				
		of the  Holly  Hill  Road  East  Community		
submitted to  the  Board  of Supervisors  ("Board")			
Development District ("District") proposed budgets ("Proposed Budget") for the fiscal  year		
beginning October 1, 2018, and ending September	30, 2019 ("Fiscal Year 2018/2019") along		
		the District, pursuant	to the		
with an explanatory and complete	financial plan for each fund of				
									
provisions of Section 190.008(2)(a), Florida Statutes; and					
WHEREAS, at least sixty (60) days prior to the adoption	of the Proposed Budget, the		
					
District  filed  a  copy  of the  Proposed	Budget  with  the  local  governing  authorities  having		
					of  Section		
jurisdiction  over  the  area  included  in  the  District  pursuant  to  the  provisions			
				
190.008(2)(b), Florida Statutes; and								

hearing

WHEREAS, the Board set a public		
to be given by publication pursuant	to		

hearing Section

thereon and caused notice of such 190.008(2)(a), Florida Statutes; and

public

WHEREAS, the District Manager posted the Proposed Budget on the District's website		
at least two days before the public hearing; and					
WHEREAS, Section 190.008(2)(a),	Florida Statutes, requires that, prior to October	pt		
				
		Resolution, shall adopt a budget		
of each year, the Board, by passage of the Annual Appropriation			
	as the Board deems necessary	to		
for the ensuing fiscal year and appropriate	such sums of money				

defray all expenditures of the District during the ensuing fiscal year; and				
WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget		
shall  project  the  cash  receipts  and  disbursements  anticipated  during	a  given  time  period,		
including reserves for contingencies for emergency or other unanticipated expenditures during		
the fiscal year.							
NOW,   THEREFORE,   BE   IT   RESOLVED   BY   THE   BOARD   OF			
SUPERVISORS  OF  THE  HOLLY  HILL  ROAD  EAST  COMMUNITY			
DEVELOPMENT DISTRICT:							

SECTION

1.

BUDGET

a.

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

b.	The Proposed Budget, attached hereto as Exhibit A, as amended by the Board, is

c.

d.

hereby  adopted  in  accordance  with  the  provisions	of  Section	190.008(2)(a),		
					
Florida  Statutes  ("Adopted  Budget"),	and  incorporated  herein  by  reference;		
							
provided, however, that the comparative figures contained in the Adopted Budget		
may be  subsequently revised as  deemed necessary by the  District Manager to		
reflect actual revenues and expenditures.							
The Adopted Budget, as amended, shall be maintained	in the office	of the District		
			"The Budget		
Manager and at the District's Local Records Officeas	and identified			
for the Holly Hill Road East Community Development District for the Fiscal Year		
Ending September 30, 2019."							
The Adopted Budget shall be posted by the District Manager on the  District's		
official website within thiiiy (30) days after adoption,	and shall remain on the		
				
website for at least 2 years.							

SECTION 2.  APPROPRIATIONS

There  is  hereby  appropriated  out  of	the  revenues  of the  District,  for  Fiscal	
2018/2019,  the  sum  of$_______	to  be  raised  by  the  levy  of assessments	
otherwise, which sum is deemed by the Board to be necessary to defray all expenditures	
District during said budget year, to be divided and appropriated in the following fashion:	

Year and/or of the

TOTAL GENERAL FUND

$_____

DEBT SERVICE FUND(S)

$ --------

TOTAL ALL FUNDS			$			
			--------		
SECTION 3.  BUDGET AMENDMENTS				
Pursuant to Section 189.016,	Florida Statutes,	the District at any time within Fiscal Year		
			may amend its		
2018/2019  or within 60 days following	the end of the Fiscal Year 2018/2019			

Adopted Budget for that fiscal year as follows:				

a.

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

b.

c.

d.

The District Manager or Treasurer may authorize an increase or decrease in line		
item appropriations within a fund if the total appropriations of the fund do not		
increase and if the aggregate change in the original appropriation	item does not		
			
exceed $10,000 or 10% of the original appropriation.			
By  resolution,  the  Board may  increase  any  appropriation item  and/or fund  to		
reflect receipt of any additional unbudgeted	monies and make the corresponding		
				
change to appropriations or the unappropriated balance.			
Any other budget amendments shall be adopted by resolution and consistent with		
Florida law.				

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

SECTION 4.  EFFECTIVE DATE.

adoption.

This Resolution shall take effect immediately upon

PASSED AND ADOPTED THIS

18

th

DAY OF JULY, 2018.

ATTEST:

HOLLY HILL ROAD EAST

COMMUNITY	DEVELOPMENT

DISTRICT

By:

____________

_

Secretary/Assistant Secretary

Its:

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

Revenues

On-Roll Assessments

Assessments

Developer Contributions

Inter-Governmental Revenue (North Blvd COD)

Net Revenues

General & Administrative Ex1:1enses

Supervisor Fees

D&O Insurance

Trustee Services

Management

Engineering

Dissemination Agent

District Counsel

Audit

Travel and Per Diem

Telephone

Postage & Shipping

Copies

Legal Advertising

Bank Fees

Miscellaneous

Web Site Maintenance

Dues, Licenses, and Fees

Aquatic Contract

Total General & Administrative Expenses

Field Ex1:1enses

General Insurance

Irrigation

Landscaping Maintenance & Material

Landscaping Improvements - Mulch & Flowers

Fertilization

Contingency

Streetlights

Total Field Expenses

Cabana & Pool Ex[!enses

Security

Maintenance Staff

Contingency

Electric

Cabana Electric

Pool Electric

Cable Television

Property & Casualty

Equipment Repair & Maintenance

Pest Control

Signage & Amenities Repair

Swirnrning Pools

Pool and Cabana Water

Total Cabana & Pool Expenses

Holly Hill Road East COD								
FY 2019 Proposed	O&M	Budget								
	YTD Actual	Anticipated	Anticipated		FY 2018		FY 2019		
	Through	07/2018 •	Total FY 2018		Adopted	Proposed		
							Budget		
	06/30/2018	09/2018				Budget				
$		$		$		$		$	138,312.00		
											
	59,857.68				59,857.68				47,688.00		
											
	82,400.00				82,400.00		180,000.00				
											
									25,000.00		
$	142,257.68	$		$	142,257.68	$	180,000.00	$	211,000.00		
$	7,800.00	$	2,600.00	$	10,400.00	$	6,000.00	$	6,000.00		
	2,250.00				2,250.00				2,800.00		
			6,000.00		6,000.00		6,000.00		6,000.00		
											
	15,000.03		4,999.97		20,000.00		20,000.00		20,000.00		
	2,960.00		986.67		3,946.67		15,000.00		15,000.00		
											
			5,000.00		5,000.00		5,000.00		5,000.00		
											
	25,491.45		8,497.15		33,988.60		25,000.00		25,000.00		
											
	2,000.00		1,000.00		3,000.00		6,000.00		6,000.00		
			125.00		125.00		500.00		500.00		
											
	8.44		2.81		11.25		200.00		200.00		
											
	140.99		47.00		187.99		300.00		300.00		
											
	422.40		140.80		563.20		500.00		500.00		
											
	4,243.58		1,414.53		5,658.11		8,000.00		8,000.00		
							250.00		250.00		
	672.62		224.21		896.83		1,100.00		5,100.00		
	3,125.00		1,041.67		4,166.67		2,900.00		2,900.00		
	175.00				175.00		250.00		250.00		
											
			3,000.00		3,000.00		12,000.00				
$	64,289.51	$	35,079.81	$	99,369.32	$	109,000.00	$	103,800.00		
											
$	2,750.00	$		$	2,750.00	$	6,000.00	$	3,100.00		
									1,000.00		
			39,584.88		39,584.88		65,000.00		20,000.00		
											
									5,500.00		
									2,500.00		
									6,973.00		
									9,792.00		
$	2,750.00	$	39,584.88	$	42,334.88	$	71,000.00	$	48,865.00		
											
$		$		$		$		$	7,000.00		
											
									8,750.00		
									5,192.00		
	415.11		138.37		553.48				11,083.00		
											
									1,167.00		
									2,188.00		
									525.00		
									3,500.00		
									2,042.00		
									583.00		
									438.00		
									11,200.00		
									4,667.00		
$	415.11	$	138.37	$	553.48	$		$	58,335.00		

Total Expenses

Net Income (Loss)

$ $

67,454.62

74,803.06

$ $

74,803.06

(74,803.06)

$ $

142,257.68

$ $

180,000.00

$ $

211,000.00

Holly

Hill

Road East

Community

Development District

Public Hearing on the Imposition of Special Assessments to Fund the District's Fiscal Year 2018

-

2019

Budget

Holly

Hill

Road

East

Community Development District

Resolution 2018-15,			
Adopting an Assessment Roll for Fiscal Year 2018-2019		
and Certifying Special Assessments	for Collection		

RESOLUTION 2018-15		
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE HOLLY		
HILL   ROAD   EAST   COMMUNITY   DEVELOPMENT   DISTRICT		
MAKING   A   DETERMINATION   OF   BENEFIT   AND   IMPOSING		
SPECIAL ASSESSMENTS FOR FISCAL	YEAR 2018/2019;  PROVIDING		
			
FOR   THE   COLLECTION   AND   ENFORCEMENT   OF   SPECIAL		
ASSESSMENTS, INCLUDING BUT NOT LIMITED TO PENALTIES AND		
INTEREST   THEREON;   CERTIFYING   AN   ASSESSMENT   ROLL;		
PROVIDING  FOR  AMENDMENTS  TO  THE  ASSESSMENT  ROLL;		
PROVIDING  A   SEVERABILITY  CLAUSE;   AND   PROVIDING  AN		
EFFECTIVE DATE.					
WHEREAS, the Holly Hill Road East Community Development District ("District") is		
a local unit of special-purpose government	established pursuant to Chapter 190, Florida Statutes,		
for the purpose of providing, operating	and maintaining infrastructure improvements, facilities		
					
and services to the lands within the District; and			

WHEREAS,

the

District

is

located in Polk County,

Florida

("County");

and

WHEREAS,	the   District	has   constructed	or	acquired	various   infrastructure		
									
improvements and provides certain services in accordance with the District's adopted capital		
improvement plan and Chapter 190, Florida Statutes; and							
WHEREAS,	the Board of Supervisors		("Board") of	the District hereby determines	to		
undertake various  operations and maintenance and other activities  described in the District's		
budget  ("Adopted	Budget")  for  the  fiscal	year  beginning  October	1,  2018,  and  ending		
		hereto		attached		as Exhibit A; and			
September 30, 2019 ("Fiscal Year 2018/2019"),								
WHEREAS,	the District must obtain sufficient	funds to provide for the operation and		
					in the Adopted		
maintenance of the services and facilities provided by the District as described			
				
Budget; and												
WHEREAS,	the provision of such services, facilities, and operations is a benefit to lands		
within the District; and											
WHEREAS,	Chapter  190,	Florida	Statutes,  provides  that  the  District  may  impose		
												
special assessments on benefitted lands within the District; and						

WHEREAS, special assessments Budget; and

it is in the best

for  operations

interests of the District to and maintenance in the

proceed with the imposition of the amount set forth in the Adopted

WHEREAS, the District has previously	levied an assessment for debt service, which the		
			
District desires to collect for Fiscal Year 2018/2019; and		

WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to  which		
such special assessments may be placed on the tax roll and collected by the local tax collector		
("Uniform Method"), and the District has previously authorized the use of the Uniform Method		
by, among other things, entering into agreements with the Prope1iy Appraiser and Tax Collector		
of the County for that purpose; and								
WHEREAS,  it  is  in  the  best  interests  of the  District  to  adopt  the  assessment	roll		
				
("Assessment Roll") attached to this Resolution as Exhibit B, and to certify the portion of the		
Assessment Roll related to ce1iain developed	property ("Tax Roll Property") to the County Tax		
							
Collector pursuant to the Uniform Method and to directly collect the portion of the Assessment		
Roll relating to the remaining property	("Direct Collect Property"), all as set forth in Exhibit		
								
B; and								
WHEREAS, it is in the best interests of the District to permit the District Manager	to		
			
amend the Assessment Roll adopted herein, including that portion certified to the County Tax		
Collector by this Resolution, as the Property Appraiser updates the property roll for the County,		
for such time as authorized by Florida law.							
NOW,   THEREFORE,   BE   IT   RESOLVED	BY  THE   BOARD	OF				
						
SUPERVISORS  OF  THE  HOLLY  HILL  ROAD  EAST  COMMUNITY				
DEVELOPMENT DISTRICT:								

SECTION 1.  BENEFIT  &  ALLOCATION	FINDINGS.		
			
facilities, and operations as described	in Exhibit A confers a		
					
lands within the  District,  which benefit exceeds  or  equals		
allocation of the assessments to the specially	benefitted lands		
				
is hereby found to be fair and reasonable.				

The prov1s10n of the services, special and peculiar benefit to the the cost of the assessments. The is shown in Exhibits A and B, and

SECTION 2.  ASSESSMENT	IMPOSITION.	Pursuant  to  Chapters  170,  190  and  197,		
							
Florida Statutes, and using the procedures	authorized by Florida law for the levy and collection		
		for operation and maintenance is hereby imposed		
of special assessments, a special assessment			
					with Exhibits A and B.  The		
and levied on benefittedthelands within	District and in accordance			
lien  of the  special  assessments  for  operations	and  maintenance  imposed  and  levied by  this		
			Moreover, pursuant to  Section		
Resolution shall be effective upon passage of this Resolution.			
			rate" authorized by		
197.3632(4), Florida Statutes, the lien amount shall serve as the "maximum			
			
law for operation and maintenance assessments.							

SECTION

3.

COLLECTION

AND

ENFORCEMENT;

PENALTIES;

INTEREST.

A.

Tax Roll Assessments.	The operations	and maintenance special assessments  and		
				
previously levied debt service special assessments imposed on the Tax Roll Property		
shall  be  collected at  the	same  time  and  in the  same  manner  as  County  taxes  m		
accordance with the Uniform Method,	as set forth in Exhibits A and B.		

B.

Direct Bill previously

Assessments.	The operations and maintenance	special assessments and		
				
levied  debt  service  special  assessments  imposed  on the  Direct  Collect		

C.

Property shall be collected directly by the District in accordance with Florida law, as	
set forth in Exhibits A and B.	Assessments directly collected by the District are due	
in full on December	1, 2018; provided, however, that, to the extent permitted by law,	
the assessments due may be paid in several partial, defeffed payments and according	
to the following schedule:  50% due no later than December 1, 2018, 25% due no	
later than February 1, 2019 and 25% due no Maylater than	1, 2019.  In the event that	
an assessment payment is not made in accordance with the schedule stated above, the	
whole assessment -	including any remaining partial,  defeffed payments for  Fiscal	
Year 2018/2019, shall immediately become due and payable;  shall accrue interest,	
penalties in the amount of one percent (1 % ) per month, and all costs of collection and	
enforcement; and shall either be enforced pursuant to a foreclosure action, or, at the	
District's sole discretion, collected pursuant to the Uniform Method on a future tax	
bill,  which  amount  may  include  penalties,  interest,  and  costs  of collection  and	
enforcement. Any prejudgment interest on delinquent assessments shall accrue at the	
rate of any bonds secured by the assessments, or at the statutory prejudgment interest	
rate,  as  applicable.	In the event an assessment  subject to  direct collection by the	
District  shall  be  delinquent,  the  District  Manager  and  District  Counsel,  without	
further authorization by the Board, may initiate foreclosure proceedings pursuant to	
Chapter  170,  Florida  Statutes,	or  other  applicable  law	to  collect and  enforce the	
whole assessment, as set forth herein.		
Future Collection Methods.	The  decision to  collect special assessments by  any	
particular method	e.g., on the tax roll or by direct bill	-  does not mean that such	
method will be used to collect special assessments in future years, and the District	
reserves the right in its sole discretion to select collection methods in any given year,	
regardless of past practices.			

SECTION 4.  ASSESSMENT ROLL.  The Assessment Roll, attached to this Resolution as		
Exhibit B, is hereby certified for collection.  That portion of the Assessment Roll which includes		
the Tax Roll Property is hereby certified to the County Tax Collector and shall be collected by		
the County Tax Collector in the same manner and time as County taxes.  The proceeds therefrom		
shall be paid to the District.			
SECTION 5.  ASSESSMENT  ROLL  AMENDMENT.	The  District  Manager  shall  keep		
			
apprised of all updates made to the County prope1iy roll by the Property Appraiser after the date		
of this Resolution, and shall amend the Assessment Roll in accordance with any such updates,		
for such time as authorized by Florida law, to the County property roll.  After any amendment of		
the Assessment Roll, the District Manager shall file the updates in the District records.		

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

any one or more of the remaining

SECTION 7.  EFFECTIVE DATE.  This Resolution shallupontake effect

adoption of this Resolutionthe by	Board.

the passage and

PASSED AND

ADOPTED

this

18

th

day

of

July, 2018.

ATTEST:

HOLLY HILL ROAD EAST COMMUNITY DEVELOPMENT DISTRICT

By:.

___________

_

Secretary / Assistant Secretary

Its:.

_____________

_

Exhibit

Exhibit

A: B:

Budget

Assessment Roll (Unifmm Method)

Assessment Roll (Direct Collect)

Revenues

On-Roll Assessments

Assessments

Developer Contributions

Inter-Governmental Revenue (North Blvd COD)

Net Revenues

General & Administrative ExE!enses

Supervisor Fees

D&O Insurance

Trustee Services

Management

Engineering

Dissemination Agent

District Counsel

Audit

Travel and Per Diem

Telephone

Postage & Shipping

Copies

Legal Advertising

Bank Fees

Miscellaneous

Web Site Maintenance

Dues, Licenses, and Fees

Aquatic Contract

Total General & Administrative Expenses

Field ExE!enses

General Insurance

Irrigation

Landscaping Maintenance & Material

Landscaping Improvements - Mulch & Flowers

Fertilization

Contingency

Streetlights

Total Field Expenses

Cabana & Pool ExE!enses

Security

Maintenance Staff

Contingency

Electric

Cabana Electric

Pool Electric

Cable Television

Property & Casualty

Equipment Repair & Maintenance

Pest Control

Signage & Amenities Repair

Swimming Pools

Pool and Cabana Water

Total Cabana & Pool Expenses

Holly Hill Road East COD								
FY 2019 Proposed O&M Budget								
	YTD Actual		Anticipated		Anticipated		FY 2018		FY 2019		
	Through		07/2018 •	Total FY 2018		Adopted		Proposed		
	06/30/2018		09/2018				Budget		Budget		
$		$		$		$		$	138,312.00		
											
	59,857.68				59,857.68				47,688.00		
	82,400.00				82,400.00		180,000.00				
									25,000.00		
$	142,257.68	$		$	142,257.68	$	180,000.00	$	211,000.00		
$	7,800.00	$	2,600.00	$	10,400.00	$	6,000.00	$	6,000.00		
	2,250.00				2,250.00				2,800.00		
			6,000.00		6,000.00		6,000.00		6,000.00		
	15,000.03		4,999.97		20,000.00		20,000.00		20,000.00		
	2,960.00		986.67		3,946.67		15,000.00		15,000.00		
			5,000.00		5,000.00		5,000.00		5,000.00		
	25,491.45		8,497.15		33,988.60		25,000.00		25,000.00		
	2,000.00		1,000.00		3,000.00		6,000.00		6,000.00		
			125.00		125.00		500.00		500.00		
	8.44		2.81		11.25		200.00		200.00		
	140.99		47.00		187.99		300.00		300.00		
	422.40		140.80		563.20		500.00		500.00		
	4,243.58		1,414.53		5,658.11		8,000.00		8,000.00		
							250.00		250.00		
	672.62		224.21		896.83		1,100.00		5,100.00		
	3,125.00		1,041.67		4,166.67		2,900.00		2,900.00		
	175.00				175.00		250.00		250.00		
			3,000.00		3,000.00		12,000.00				
$	64,289.51	$	35,079.81	$	99,369.32	$	109,000.00	$	103,800.00		
$	2,750.00	$		$	2,750.00	$	6,000.00	$	3,100.00		
									1,000.00		
			39,584.88		39,584.88		65,000.00		20,000.00		
									5,500.00		
									2,500.00		
									6,973.00		
									9,792.00		
$	2,750.00	$	39,584.88	$	42,334.88	$	71,000.00	$	48,865.00		
$		$		$		$		$	7,000.00		
											
									8,750.00		
									5,192.00		
	415.11		138.37		553.48				11,083.00		
									1,167.00		
									2,188.00		
									525.00		
									3,500.00		
									2,042.00		
									583.00		
									438.00		
									11,200.00		
									4,667.00		
$	415.11	$	138.37	$	553.48	$		$	58,335.00		

Total Expenses	$	67,454.62	$	74,803.06	$	142,257.68	$	180,000.00	$	211,000.00	
Net Income (Loss)	$	74,803.06	$	(74,803.06)	$		$		$		

Holly Hill Road East COD

Proposed FY 2018-2019 O&M Assessments

		ERO (Platted at				
		1.0 ERU,			NetO&M	
	Lot	Unplatted at 0.25	Total	Assmt. per	
Development Phase	Count	ERU) per Lot	ERUs		Phase	
Phase 1 (platted)	204	1.00	204.0	$	138,230	
Phase 2 (unplatted land/lots)	100	0.25	25.0	$	16,940	
Phase 3 (unplatted land/lots)	182	0.25	45.5	$	30,831	
Inter-Governmental Revenue (North Blvd COD)			$25,000	
Totals			274.5		$211,000	

	Gross			
Net O&M	COD O&M	Gross COD		
Assmt. per Assmt. Per	Bond Debt Total Gross COD	
Lot/Acre	Lot*	Assessment*	Assessment*	
$677.60	$728.60	$1,210.09	$1,938.69	
$169.40	$182.15	$0.00	$182.15	
$169.40	$182.15	$0.00	$182.15	

*Gross assessments include a 7.0% gross-up to account for the fees and costs

of collecting

assessments

on

the county tax roll.

Holly

Hill

Road

East

Community

Development District

Direct

Collection

Agreement

AGREEMENT BY AND BETWEEN THE HOLLY HILL ROAD EAST COMMUNITY DEVELOPMENT DISTRICT AND CASSIDY HOLDINGS GROUP, INC., REGARDING THE DIRECT COLLECTION OF SPECIAL ASSESSMENTS FOR FISCAL YEAR 2018-2019

This

Agreement

is

made and entered into

as

of

this

18

th

day

of

July, 2018, by and between:

Holly Hill Road East Community

established pursuant to Chapter 190,

Florida (hereinafter "District"), and

Development District,	a local unit	of special-purpose government		
Florida Statutes, and located in the City of Groveland,	Lake County,		

Cassidy Holdings Group,  Inc.,	a Florida limited liability company and the  owner of a portion of	the		
property located within the boundaries of the District (hereinafter "Property Owner").	For purposes	of		
this agreement, Property Owner's property is more particularly	described in Exhibit "A" attached hereto		
					
(the "Property").						
	Recitals					

WHEREAS,	the District was established by an		
the purpose of planning, financing, constructing,	operating		
			
WHEREAS,	the  District,  pursuant to  Chapter		
special  assessments,  fees  and  other charges  as	may be		
services; and				

ordinance adopted by the City of Davenport,	Florida, for		
			
and/or maintaining certain infrastructure; and		
190, Florida Statutes,  is	authorized to  levy	such  taxes,		
necessary  in  furtherance	of the  District's  activities  and		

WHEREAS, facilities, activities and

the  Property  will  benefit  from  the  timely  construction  and  acquisition		
services and from the continued operations	of the District; and		

of

the  District's

	WHEREAS, pursuant to  section  197.3632,	Florida Statutes, the  District intends to utilize the uniform		
			against the Property once platted and collect		
method	of levying, collecting and enforcing the special assessments			
					
such special assessments on the Polk County tax roll for platted lots; and			
	WHEREAS, the District and Property Owner desire to arrange for the direct collection	of the district's		
special assessments prior to platting of the Property; and				

WHEREAS,

Property Owner desires to provide for the

direct payment

of

special assessments.

parties,

NOW, THEREFORE, based upon the receipt of which and sufficiency of

good and valuable consideration and the mutual covenants which are hereby acknowledged, the parties agree as follows:

of

the

1.	Assessment Payment.	Property Owner agrees	to pay the special assessments	necessary to fund		
the  District's  operation and maintenance	costs  for fiscal  year 2018-2019  and  its  previously	levied debt  service		
					
		of whether Property Owner owns the Property at the time of such		
assessments attributable to the Property, regardless			
	Owner  from		prorating		or  otherwise  collecting  these  special		
payment.  Nothing  herein  shall  prohibit	Property							
assessments from subsequent purchasers	of the Property.  The District shall send a bill to Property Owner on or		
		amount  of the	special  assessment	payment  for  operation  and		
about  September  15,  2018,  indicating  the  exact					
maintenance for fiscal year 2018-2019 and its previously	levied debt service.	If Property Owner does not pay such		
				by law,  Property  Owner may pay  the		
invoice  in	full  prior to  December  1,  2018,  then	to  the  extent permitted			
assessments in several partial, deferred payments and according	to the following schedule:  50% due no later than		
December	1, 2018, 25% due no later than February 1, 2019 and 25% due no	later than May 1, 2019.  The District's		
decision to collect special assessments by any particular method		e.g., on the tax roll or by direct bill -  does not		
mean that such method will be used to collect special assessments	in future years, and the District reserves the right		
			of past practices.				
in its sole discretion to select collection methods in	any given year, regardless					

2. assessments.

Enforcement. This This Agreement shall not

Agreement

affect the

shall serve as	an alternative method for collection	of the special		
District's ability to collect and enforce its special assessments	by		

any  other method  authorized  by  Florida law.  Property Owner  acknowledges that the  failure  to  pay the  special	
assessments  may  result  in  the  initiation of a foreclosure  action,  or,  at  the  District's  sole  discretion,  delinquent	
assessments  may be  certified  for  collection on  a future  Polk  County tax bill.	In the  event that an assessment	
payment is not made in accordance with the schedule stated above, the whole assessment -	including any remaining	
partial,  deferred payments  for Fiscal Year 2018-2019,  as well as  any future  installments	of special assessments	
securing debt service -  shall immediately become due and payable; shall accrue interest, penalties in the amount of	
one percent (I%) per month, and all costs of collection and enforcement; and shall either be enforced pursuant to a	
foreclosure action, or, at the District's sole discretion, collected pursuant to the Uniform Method on a future tax bill,	
which amount may include penalties, interest, and costs of collection and enforcement.  Any prejudgment interest on	
delinquent assessments shall accrue at the applicable rate of any bonds or other debt instruments secured by the	
special  assessments,  or,  in  the  case  of operations  and  maintenance  assessments,  at  the  applicable  statutory	
prejudgment interest rate.  In the event an assessment subject to direct collection by the District shall be delinquent,	
the District Manager and District Counsel, without further authorization by the Board, may initiate legal proceedings	
pursuant to Chapter 170, Florida Statutes, or other applicable law to collect and enforce the whole assessment, as set	
forth herein.			

3.	Notice.   All  notices,  payments  and  other  communications  hereunder  ("Notices")  shall  be  in

writing and If

If

shall be delivered, to Property Owner:

to the District:

mailed by First Class Mail, postage prepaid, or telecopied to the parties,

Cassidy Holdings Group, Inc. 346 East Central A venue Winter Haven, Florida 33880 Attn: ___________

Holly Hill Road East Community Development District

12051 Corporate Blvd.

Orlando, Florida 32817

Attn: District Manager

as

follows:

With a copy to:	Hopping Green & Sams, P.A.

119 South Monroe Street, Suite 300

Tallahassee, Florida  32301

Attn: Roy Van Wyk

4.	Amendment.  This instrument shall constitute the final and complete expression of the agreement	
between the parties relating to the subject matter of this Agreement.	Amendments to and waivers of the provisions	
contained in this Agreement may be made only by an instrument in	writing which is executed by both of the parties	
hereto.					
5.	Authority.  The execution of this Agreement has been duly authorized by the appropriate body or	
official of all parties hereto, each pa1ty has complied with all the requirements of law, and each party has full power	
and authority to comply with the terms and provisions of this instrument.	
6.	Assignment.  This Agreement may not be assigned, in whole or in part, by either party except	
upon the written consent of the other.  Any purported assignment without such consent shall be void.	
7.	Default.	A default by either party under this Agreement shall entitle the other to all remedies	
available at law or in equity, which shall include, but not be limited to, the right of damages, injunctive relief and	
specific performance and specifically including the ability of the District to enforce any and all payment obligations	
under this Agreement through the imposition and enforcement of a contractual or other lien on property owned by	
the Property Owner.				
8.	Attorneys'  Fees.	In the event that either party is required to enforce this Agreement by court	
proceedings or otherwise, then the parties agree that the prevailing party shall be entitled to recover from the other	
all costs incurred, including reasonable attorneys' fees and costs for trial, alternative dispute resolution, or appellate	
proceedings.					

9.	Beneficiaries.  This Agreement is solely for the benefit	of the formal parties herein and no right or		
cause of action shall accrue upon or by reason hereof, to or for the benefit of any third party not a formal party		
hereto.  Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person		
or corporation other than the parties hereto any right, remedy or claim under or by reason of this Agreement or any		
provisions or	conditions hereof; and all of the provisions, representations,	covenants and conditions herein contained		
				
shall inure to the sole benefit of and shall be binding upon the parties hereto and their respective representatives,		
successors and assigns.			

10. interpreted and

Applicable Law. controlled according

to

This

the

Agreement and the prov1s10ns contained herein shall be construed, laws of the State of Florida.

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

12.

Effective Date.

The Agreement shall take

effect

as

of

October

1,

2018.

In witness whereof, the parties execute this agreement the day and year first written above.

Attest:

HOLLY HILL ROAD EAST COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary

Witness

Exhibit A	Description of the Property

By:	--------------				
Its:	-----------------		
			
CASSIDY HOLDINGS GROUP, INC.,		
a Florida limited liability company		
By:	_____________		
Name:	------------		
Title:				
	-------------		

Holly

Community

Hill Road East

Development District

Amended

and

Restated

Agreement

Between Holly Hill

Road

East

CDD,

The

North

Boulevard

CDD

And

HHR

East,

LLC,

Regarding

The

Joint

Acquisition

Of

Certain

Work

Product,

Improvements

And

Real

Property

(providedcover)under separate

Holly Hill Road East

Community Development District

Acquisition

of

Holly Hill Road East Amenity Center

Land

(provided under separate cover)

Holly Hill Road East

Community Development District

FY 2016-2017 Audit

Holly Hill Road East Community

Development District

FINANCIAL STATEMENTS

Se ptember 30, 2017

Holly Hill Road East Community Development District

Table of Contents

September 30, 2017

REPORT		
Independent Au ditors' Report	1	
FINANCIAL STATEMENTS		
Management'sDiscussion And Ana lysis (required supplemental information)	3	
Basic Financial Stat ements		
Government-Wide Financial Stat ement s		
Stat ement of Net Position	7	
Stat ement of Activit ies	8	
Fund Financial Stat ements		
Ba lance Sheet - Governmental Fu nds	9	
Reconciliation of the Balance Sheet of Governmental Funds t o the St at ement		
of Net Positio n	10	
Stat ement of Revenues, Expendit ures and Changes in Fund Balances -		
Govern menta l Funds	11	
Reconciliation of th e St atement of Revenues, Expenditures and Changes in		
Fund Ba lances of Governmental Funds to the Stat ement of Activities	12	
Not es to Fin ancial St atements	13	
Required Supplemental Information (ot her th an M D&A)		
Budget to Actual Comparison Schedule - General Fund	20	
Independent Audito rs'Report on Internal Control Over Financial Reporting and		
on Compliance and Other Matters Based o n an Audit of Financial St at ements		
Perform ed in Accordance With Government Auditing Standards	21	
Management Letter	23	
Attestation Report on Compliance w ith Section 218.415 Florida St atutes	25	

-RI ~l:G::	500 Grand Boulevard		
C  INGRAM	Carr, Riggs & Ingram, LLC		
	Certified Public Accountants		
	Suite 210		
CPAs and Advisors			
	Miramar Beach, florida 32550		
			
	(850) 837-3141		
	(850) 654 -4619 (lax)		
INDEPENDENT AUDITORS'REPORT	CRle pa.com		

To the Board of Supervi sors
Holly Hill Road East Community Development District

Davenport, Florida

Report on the Financial Statements

We have audited the accompanying financial statements of the governmental activities and each rnajor fund of Holly Hill Road East Community Development Dist rict (hereinafter referred to as 'District''), as of and for the year ended September 30, 2017, and the re lated notes to the financial statements, which collectively comprise the District'sbasic financial statements as listed in the table

of contents.

Managemen t's Responsibility for the Financial Statements

Management is responsible for the preparation and fa ir presentation of these financial statements in accord ance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement,

whether due to fraud or error.

Auditors' Responsibility

Our responsibility is t o express opinions on th ese financial statements based on our audit. We con du cted our audit in accordance with auditing standards generally accepted in the United States of America and the st andards applicable to financial audits contained in Government Auditing St andards, issued by the Comptroller General of the United States. Those stand ards require that we plan and perform t he audit to obtain reasonable assuranceabout whether t he financial stat ements are free from material miss tatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the ffnanclal statements. Th e procedures selected depend on the auditors'judgment, including the assessment of t he risks of material misst at ement of the financial statement s, whether due to fraud or error. In making those ri sk assessments, the auditor considers internal control re leva nt to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstan ces, but not for the purpose of expressing an opinion on the effectiveness of the entity'sinternal control. Accord ingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significa nt accounting estimat es made by management, as well as

eva luating t he overall presentation of the financial statements.

We believe basis for our

that the audit evidence we have obtained audit opinions.

is

sufficient and appropriate

to

provide a

Opinions

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District as of September 30, 2017, and the respective changes in financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Other

Matters

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

Other Reporting

Required

by

Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued our report dated June 22,	
2018, on our consideration of the District'sinternal control over financial reporting and our tests of	
its compliance with certain provisions of	laws, regulations, contracts and grant agreements and	
other matters. The purpose of that report	is to describe the scope	of our testing of internal control	
over financial  reporting and compliance and the  results	of that	testing,  and	not to provide an	
opinion	on the internal control over financial reporting or	on compliance. That	report is an integral	
part of	an audit performed in accordance	with Government Auditing Standards in considering the	
District'sinternal control over financial reporting and compliance.			

CARR,

RIGGS &

INGRAM,

LLC

Miramar

June 22,

Beach, Florida 2018

- 2 -

...
-  -	-	-

Management'sDiscussion And Analysis

Holly Hill Road East Community Development District

Management'sDiscussion and Analysis

Our discussion and analys is of t he Holly Hill Road East Community Deve lopment District's fina ncial performance provides an overview of the District'sfinancial activities for the fisca l year ended September 30, 2017. Please read it in conjunction with the District'sfi nanci al statements, which begin on page 7.

FINANCIAL HIGHLIGHTS

•	At Sept ember 30, 2017, the liabilities of the Di strict exceed its asset s by approximately $13,000 (deficit).

•	During t he fiscal year ended September 30, 2017, the District incurred approximately $421,000 of ca pita l expenditures.

USING THE ANNUAL REPORT

This annual report consists of a series of financial statements. The St at ement of Net Position and the Statement of Activities on pages 7 - 8 providea inform tion about the activities of the District as a w holeand present a longer-term view of the District'sfinances. Fund financial statements sta rt on page 9. For governmental activities, t hese stat ements tell how these services were financed in the short-term as well as what remains for future spending. Fund financial statements also report the District'soperations in morde etail than the government-w ide st at ements by providing information about the District's most significa nt funds.

Reporting the District as a Whole

Our analysis of t he District as a whole begins on page 4. One of the most important questions asked about the District'sfina nces is, " Is the District as a whole better off or worse off as a resu lt of the year'sactivities?" The Statement of Net Position and the Statement of Activities report information about the District as a whole and about its activit ies in a way that helps answer this question. These statements include all assets and liabilities using the accrual ba sis of accounting, which is similar to the accounting used by most private-sector companies. All of the cu rrent year'srevenues and expenses are taken into account regardless of when cas h is received or paid.

Th ese twstateo ments report the District'snet position and related cha nges during the current yea r. You ca n think of the District'snet position - t he difference between assets and liabilities - as one way to measure the District's financial health, or financial position. Over t ime, increases or decreases in the District'snet position is one indicator of whether its financial health is improving or deteriorating. You will need to consider other nonfinancial factors; however, such as changes in the Dist rict'sassessment base and the condition of the District'sinfrastructure, to assess the overall hea Ith of the District.

- 3 -

-::-.-.~--.

Holly Hill Road East Community Development District

Management'sDiscussion and Analysis

Reporting the District's Most Significant Funds

Our analysis of the District'smajor f unds begins on page 5. The fund fina ncial statements begin on page 9 and provide detailed information about the most significant funds - not the District as a whole. Some funds are required to be established by State law and by bond covenants. All of the District'sfunds are governmental fund -types.

•	Governmental funds-A ll of the Di strict's basic services are reported in governmental f unds,

w hich focus on how money flows into and out of those f unds and the balances left at yea r-end that are available for spending. The governmental fund statements provide a detailed short-term view of the Dist rict'sgeneral government operations and t he basic services it provides. Governmental fund information helps you determine whether there are more or fewer financial resources th at can be spent in the near future to finance the District's programs. We describe t he re lationship (or differences) between governmental activities agovernmentald funds in a reconciliation wit h the fund financial statements.

THE DISTRICT AS A WHOLE

The following table reflects the condensed Statement ofi Net Posit on and is compared to t he prior

year.

September 30,		2017		2016		Change		
Assets				-				
Current and other asse ts	$	154,449	$		$	154,449		
Capit al assets, net		420,781				420,781		
Tota l assets	$	575,230	$	-	$	575,230		
Liabilities				-				
Currents liabilitie	$	191,027	$		$	191,027		
Other liabilities		396,989				3961989		
Tot al liabilities		588,016				588,016		
Net position								
Unrestricted		(12,786)				(12,786)		
Total net posit ion (defi cit)		(12,786)				(12,786)		
Total liabi lit ies and net position	$	575,230	$	-	$	575,230		

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

During the fisca l year ended September 301 20171 total assets and liabilities increased over the prior year by approximat ely $S75,000 and $588,000, respectively. The District has no comparative information for prior year due to the District'sinception in the curre nt year.

- 4 -

Holly Hill Road East Community Development District

Management'sDiscussion and Analysis

The following schedule compares the Statement of Activities for the current and previous fisca l

year.

Year ended September 30,		2017		2016		Change	
Revenues:								
Program revenues:								
Charges for se rvlces		$	15,300	$	-	$	15,300	
Total revenues			15,300				15,300	
Expenses:								
General government		28086				28,086	
Total expenses			28,086				28,086	
Change in net position		(12,786)				(12,786)	
Net position, beginning							
Net posit(deficit),on	ending	$	(12,786)	$	-	$	~12, 786)	

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

During the fiscal year ended September 30, 2017, total revenues and expenses increased over the prior year by approximately $15,000 and $28,000, respectively. Th e District has no comparative information for prior year due to the District'sinception in the current yea r. The District is currently being funded by its Developer, East Tenth, LLC., and affil iat es. The overall result was a $12,786 decrease in net position for fiscal year 2017.

THE DISTRICT'S FUNDS

As the District complet ed the year, its governmental funds (a s presented in t he balance sheet on page 9 ) reported a combined fund ba lance deficit of approximately $37,000. Significant transactions are discussed below.

•	During the fisca l year ended, the District received advances from the Developer totaling approximately $397,000 to fund expenditu res related to construction projects.

•	During t he fiscal year ended September 30, 2017, the District incurred approximately $421,000 of ca pita l expenditures.

The overa ll decrease in fund balance for the year ended September 30, 2017 tota led approximately

$37,000.

- s -

Holly Hill Road East Community Development District

Management'sDiscussion and Analysis

CAPITAL ASSET

Capital Assets

At September 30, 2017, the District had approximately $421,000 invested in capit al assets. This amount represents a net increase of approximately $421,000 from the fiscal year 2016 total.

A listing of capital assets by major ca tegory for the current and prior year follows:

September 30,		2017		2016		Change	
Capital assets not being depreciated	$	420,781	$	.	$	420,781	
Net ca pital assets	$	420,781	$	.	$	420,781	

More information about t he District's capital assets is presented in Note 3 to the financial statements

GOVERNMENTAL FUNDS BUDGETARY HIGHLIGHTS

An Operating budget was established by the governing board for the District pursuant to the requirements of Florida Statutes. The budget to actual comparison for the general fund, including the original budget and final adopted budget, is shown at page 20.

Th e District experienced unfavorable variances in revenues and a favorable variance in expenditures as compared to the budget iii the amouht of $164,700 and $151,914, respectively. Th e variances occu rred primarily due to anticipated budgeted operating expenditures that were not incurrduringe the year and the related impact on Developer funding.

FUTURE FINANCIAL FACTORS

Holly Hill Ro ad East Community Development District is an independent special district that operates under the provisions of Chapter 190, Florida Statutes. The District operates under an elected Board of Supervisors, which establi shes policy and sets assessment rates. For fisca l year 2018 the Developer has agreed to fund the operations of the District.

CONTACTING THE DISTRICT'SFINANCIAL MANAGEMENT

This financial report is designed to provide a general overview of the District'sfinan ces. If you have questions about this report or need aaddition l financial information, contact the Holly Hill Road East Community Development District'smanagement company, Fishkind & Associates, Inc., at 12051 Corporate Blvd., Orlando, Florida 32817.

- 6 -

-.  -___ .:._,      .
..	-	-

Basic Financial Statements

	Holly Hill Road East Community Development District	
	Statement of Net Position	
September 30,		2017	
		Governmental	
		Activities	
Assets			
Cas h and cas h equivalents	$	1,735	
Accounts receivable		147,714	
Prepaid expenses		5,000	
Capital assets:			
Not being depreciated		420,781	
Total assets		575,230	
Liabilities			
Account s payable		172,927	
Retalnage payable		18,100	
Non-current li abilities:			
Due to develope r		396,989	
Total liabi litie s		588,016	
Net position			
Unrestricted		(12,786)	
Total net position (deficit)	$	(12,786)	

The accompanying notes are an integral part of these financial statements.

- 7 -

Year ended September 30,

Functions/Programs

Primary governmen t:

Governmental activities:

Gene ral government

Total governmental

activities

Holly Hill Road East Community Development District

Statement of Activities

2017

Net (Expense)

Revenue and

Changes in

Program Revenues	Net Position

Operating	Capital

Charges for  Grants and	Grants and   Governmental

Expenses	Se rvices   Contributions Contri but ions	Activities

$	(28,086)  $   15,300   $	-  $	-   $	(12,786)

$	(28,086)  $  15,300   $	-  $	(12,786)

Change in net position	(12,786)

Net position - beginning of year

Net position (deficit) - e nd of year	$	(12,786)

The accompanying notes ore an integral port of these financial statements.

- 8 -

Holly Hill Road East Community Development District

Balance Sheet -  Governmental Funds

See, tember 30,				2017				
						Total		
					Governmental		
		General	Capital Projects		Funds		
Assets				.				
Cash and cash equivalents	$	1,735	$		$	1, 735		
Accounts receivable				147,714		147,714		
Prepaid expenditures		5,000				5,000		
Total asset s	$	6,735	$	147, 714	$	154,449		
Liabilities and Fund Balances								
Li abilities								
Accounts payabl e	$	19,521	$	153,406	$	172,927		
Retainage payable				18,100		18,100		
Total liabilities		19,521		171,506		191,027		
Fund balances								
Nonspe ndable		5,000				5,000		
Unassigned		(17,786)		!23,792)		(41,578)		
Total fund bala nces (deficit}		(12,786)		(23,792)		(36,578)		
Total liabilities and fund balances	$	6,735	$	147,714	$	154,449		

The accompanying notes are an integral part of these financial statemen ts.

- 9 -

Holly Hill Road East Communit y Development District

Reconciliation of the Balance Sheet of Governmental Funds to the Statement of

		iNet Posit on	
September 30,		2017	
Total fund balances, government al funds	$	(36,578)	
Capita l assets used in governmental activiti es are not fin ancia l resources and			
therefore are not reported in t he fund leve l stateme nts.		420,781	
Liabiliti es not due and payable from current resources are not reported in the			
fund leve l st atements.		(396,989)	
Total net position (deficit) - governmental activities	$	(12,786)	

The accompanying notes are an integral part of these financial statements.

- 10 -

Holly Hill Road East Community Development District Statement of Revenues, Expenditures and Changes in Fund Balances -

Governmental Funds

Year ended September 30,				2017				
						Total		
					Governmental		
		General	Capital Projects		Funds		
Revenu es			s	-				
Developer contributions	$	15,300			$	15,300		
Total revenues		15,300				15,300		
Expenditures								
Current:								
General government		28,086				28, 086		
Caeital outlay				420,781		420,781		
Total expenditures		28,086		420,781		448,867		
Excess (deficit) of reve nues over								
expendit ures		(12,786)		(420,781)		(433,567)		
Other finandng sources (uses}								
Deve lope r advances				396,989		396,989		
Total other gfinancin  sources (uses)				396,989		396,989		
Net change in fund balances		(12,786)		(23,792)		(36,578)		
Fund balances, beginning of year								
Fund balances (deficit), end of year	$	(12,786)	$	(23,792)	$	(36,578)		

The accompanying notes are an integral part of these financial statements.
- 11-

Holly Hill Road East Community Development District

Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities

Year ended September 30,		2017	
Net change in fund balances - governmental funds	$	(36,578)	
Ca pital outlay, reported as expenditures In t he governmental funds, is shown			
as ca pital assets on the Statement of Net Position.		420, 781	
Deve loper advances are recorded as other fin ancing sources on th e fund leve l			
financial statements but are treated as a liability on the Stateme nt of Net			
Position.		(396,989)	
Change in net position of governmental activities	$	(12,786)	

The accompanying notes are an integral part of these financial statements.

- 12 -

Holly Hill Road East Community Development District

Notes to Financial Statements

NOTE 1: NATURE OF ORGANIZATION

The Holly Hill Ro ad East Community Development District (t he "District") was established on July 10, 2017 pursuant to t he Uniform Comm unity Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes, by the City Commission of the City of Davenport Ordinance 2017-814. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non~ad va lorem assessments for the financing and delivery of ca pital infrastructure.

The Dist rict was established for t he purposes construction, maintenance and operation of a community development wit hin the District.

of financing and managing the acquisition, portion of the infrastructure necessary for

The District is governed by a Board of Supervisors ("Board" ), which is comprised of five members. The Supervisors are elected on an at la rg~ ba sis by the owners of the property within the District. The Board of Supervisors of the District exe:rcises all powers granted t o the District pursuant to Chapter 190, Florida Statutes. At September 30, 2017, certain Board members were affiliated with East Tenth, LLC ("the Developer").

The Board has the final responsibility for:

1.	Assessing and levying assessments.

2.	Approving budgets.

3.	Exercising control over facilit ies and properties.

4.	Controlling the use of funds generated by the District.

5.	Approving t he hiring and firing of key personnel.

6.	Financing improvements.

In evaluating how to define the government, for financial reporting purposes, management has considered all potential component units. The decision to include or exclude a potential component unit in the reporting entity was made by applying the criteria set forth by Generally Accepted Accounting Principles (GAAP) as defined by the Governmental Accounting Standards Board (GASB). Based on the fo regoing criteria, no potential component units were found.

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Theaccounting policies of the District conform to GAAP as applicable to governments in accordance with those promulgated by GASB. The following ls a summary of the more significant policies:

Government -wide and Fund Financial Statements

The basic financial statements include both government-wide and fund financial statements.

- 13 ·

Holly Hill Road East Community Development District

Notes to Financial Statements

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Th e government -wide financi al statements (i.e., t he Sta tement of Net Position and the Statement of Activities) report info rmation on all t he non-fiduciary activit ies of t he primary government. Govern mental act ivities, which normally are supported by assessments, are reported separately from business-type activities, which rely to a significant ext ent on fees and charges for support . The business-type act ivities are reported separately in government-wide financial statement s; however, at September 30, 2017, the Dist rict did not have any significa nt business-type activities. Therefore, no business-type activities are reported. Assessments and other items not properly included as program revenues (i.e., charges to customers or applicants who purchase, use, or direct ly benefit from goods or services) are reported as general revenues.

Separate financial statements are provided for governmental funds. Maj or individual governmental funds are reported as separate columns in the fund financial statements.

Measurem e nt Fo cus, Basis of Accounting and Basis of Presentation

The government-wid e f inancial st atement s are reported using t he economic reso urces measurement focus and t he accrual ba sis of accounting. Revenues are recorded when ea rned and expenses are recorded when a liability is incurred, regard less of the t iming of the related cash flows. Assessments are recognize d as revenues in t he year for which they are levied. Gra nts and other similar items are to be recognized as revenuae s soon as all eligibility requirements imposed by t he provider have been met.

Governmental funda fin ncial statements are reported using the current financial reso urces measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available . Revenues are considered to be available w hen t hey are collectible withi n the curre nt period or soon enough thereafter to pay liabilit ies of the cu rre nt period. For this purpose, t he District considers revenues to be available if they are collected w it hin 60 days of t he end of t he current fiscal period . Expendit ures generally are recorded when a liability is incurred, as under accrual account ing.

Developer con tribut ions and interest associated with t he current fisca l period are all conside red to suscept ible to accrual and have been recognized as revenues of the curre nt fisca l period . All other revenue items are considered to be measurable and available only when cash is received by t he

District.

The District reports the following major governmental funds:

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

- 14 -

Holly Hill Road East Community Development District

Notes to Financial Statements

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

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

For the year ended September 30, 2017, the District does not report any proprietary funds.

As a general rule, the effect of interfund activity has been eliminated from the governn~ ent-wlde financial statement s.

When both restricted and unrestricted resources are ava ilable for use, it is the District'spolicy to use restricted resources first, t hen unrestricted resources as they are needed. When committed, assigned, or unassigned resources are available for use in the governmental fund financial statements, it is the government'spolicy to use committed resources first, fo llowed by assigned resources, then unassigned resources as needed.

Cash, Deposits and Investments

The District maintains deposi ts with " Qudalifie Public Depositories" as defined in Chapt er 280, Florida St atutes. All Qualified Public Depositories must place with the Treasurer of the State of Fl orida securities in accordance with collateral requirements det ermin ed by the State's Chief Financial Officer. In th e event of default by a Qua lified Public Depository, the State Treasurer will pay public depositors all losses. Losses in excess of insurance and collateral will be paid through assessme nts between all Qualified Public Depositories.

Under this method, all t he District's deposits a re fully insured or collateralized at the highest level of security as defined by GASB, Statement Number 40, Deposits and Investment Disclosures (An

Amendment of GASB, Statement Number 3).

The District is authorize d to invest in financial instruments as established by Section 218.415, Fl orida St atutes. The authorized investment s include among others direct obligations of the United States Treasury; the Local Government Surplus Trust Funds as created by Section 218.405, Florida Statutes; SEC registered money ma rket funds with the highest credit qua lity rating from a nationally recognized ra ting agency; and int erest-bearing time deposits or savings accounts In authorize d

financial inst itutions.

Capital Assets

Capital asset s, which include primarily infrastructure assets (e.g., road s, si dewalks, water management systems and similar Items), are reported in the governmental activities column in the government-wide financial statements. Capital assets are defined by t he District as asse ts with an

a	initial/individu l cost of more than $5,000 and an estimated useful life in excess of two years. Such assets are recorded at historica l cost and est imated historica l cost if purchased or constructed. Donated asset s are recorded at estimated fair market va lue at t he date of donation.

-	15 •

Holly HIii Road East Community Development District

Notes to Financial Statements

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

The costs of normal maintenance and repairs t hat do not add o the va lue of the asset or mat erially extend ass et lives are not capitalized. Major outlays for ca pital asse ts and improvements are capitalized as projects are constructed.

Property, plant and equipment of t he primary government will be depreciated using the st ra ight-line method over the estimated useful lives when the asset s are comp leted and placed into service. Est imat ed useful lives for fi nancial reporting purposes are anticipat ed as follows: infrastructure and other improvement s: 30 yea rs.

In the governmental fund financial statements, amounts incurred for the assets are reported as fund expenditures. Depreciat ion expense is governmental fund financial stat ement s.

acquisit ion of capita l not reported in the

Estimates

Th e prepara tion of fina ncial statements in conformit y with account ing principles generally accepted in t he U.S. requires management to make estimates and assumptions t hat affect ce rt ain reported amounts and disclosures. Accordingly, actual results could differ from tho se est imates.

Deferred Outflows/Inflows of Resources

In addition to asset s, t he Statement of Net Position and Balance Sheet - Governmental Funds w ill sometimes report a separate sect ion for def erred outflows of resources. This separate financial statement element, def erred outflows of resources, represen ts a consumption of net posit ion th at applies to a fut ure period(s) and so will not be recog nized as an outflow of reso urces (expense/ expenditure) until t hen. Thei D strict does not have any of t his typeo f it em at September 30, 2017.

In addit ion to liabilit ies, the St atement of Net Position and Ba lance Sheet - Governmental Funds will sometimes repo rt a separate section for deferred inflows of resources. This sepa rate fi nancial statement element, deferred inflows of resources, represent s an acquisit ion of net position that applies to a future period(s) and so will not be recognized as an inf low of resources (revenue) until that time. The District does not have any of this type of item at September ,30 2017.

Fund Equity

Net position in t he government-w ide financial stat ements represents the difference between assets and deferred outflows of resources and liabilities and deferred inflows of reso urces and is categorized as net investment in ca pital asset s, restricted or unrestricted. Net investment in capital asset s represents asset s related t o infrastructure and property, plant and equipment, net of any related debt. Res tricted net position represents t he assets rest ricted by creditors or laws and regulations of ot her governments.

- 16 -

Holly Hill Road East Community Development District

Notes to Financial Statements

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

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

Budgets

The District is required to establish a budgetary syst em and an approved annual budget. Annual budgets are legally adopted on a basis consist ent wit h GAAP fo r the General Fund. Any revision to the budget must be approved by the District Board. Th e budgets are compared to actual expenditures. In instances where budget appropriations and estimated revenues have been revised during the year, budget data presented in the financial statements represent final authorization amounts.

The District fo llows these procedures in establishing the budget ary data reflected in the fina ncial statements:

A.	Each year the District Manager submfts to the District Board a proposed operating budget for the fiscal year commencing the fo llowing October 1.
B.	A public hearing is conducted t o obtain comments.

	C.   Prior to October 1, the pudget is legally adopted by the District Board .

D.	All budget changes must be approved by t he District Board, unless otherwise delegated by the Di strict Board.

E.	Budgets are adopted on a basis consistent with accounting principles generally acce pted in the United States of America.

NOTE 3: CAPITAL ASSETS

The following is a summary of changes in the ca pital assets for the yea r ended September 30, 2017:

	Beg inning							En ding		
	Balance			Additio ns	Disposa ls			Balance		
Govern men ta I Activities:										
Capital assets not being depreciated						-	s			
Construction In progress	$	-	$	420, 781	$			4 20,781		
Total ca pital assets, not being depreciated				420,781				420,781		
Governmental activities ca pital asset s, net	$	-	$	420,781	s	-	s	420,781		

- 17 -

Holly Hill Road East Community Development District

Notes to Financial Statements

NOTE 3: CAPITAL ASSETS {Continued)

The total projected cost of the infrastructure has been estimated at $10.5 million. Phase 1 of the infrastructure is estimated to cost $5.2 million, of which approximately $3.68 million is expected to be financed with the proceeds from the iss uance of Bonds with t he remainder to be funded by the Developer. The District expects to issue additional bonds to fund all or a portion of the remaining infrastructure, with the remainder to be funded by the Developer.

NOTE 4: RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The District maintains commercial insurance coverage to mitigate the risk of loss. Coverage may not extend to all situations. Management believes such coverage is sufficient to preclude any significant uninsured losses to the District. Settled claims have not exceeded this commercial coverage since the District'sinception.

NOTES: MANAGEMENTCOMPANY

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

NOTE 6: DEVELOPER ACTIVITY

The Developer and affiliates have agreed to fund the general operations of the District. For the year ended September 30, 2017, the Developer and affiliates contributed $15,300. In addition, the Developer and affiliates advanced $396,989 to fund the construction of infrastructure, and this amount is record ed as Due to Developer on the accompanying Statement of Net Position.

A significan t portion of the District' activity is dependent upon the continued involvement of the Developer, East Tenth, LLC, the loss of which could have a material adverse effect on the District'

operation s.

NOTE 7: RELATED PARTY TRANSACTIONS

During the year ended September 301 2017, the District incurred $24,000 worth of construction management expenses with Heath Construct ion & Management, LLC, whose CEO is the District's

Board Chairman.

- 18 -

Holly Hill Road East Community Development District

Notes to Financial Statements

NOTE 8: COMMITMENT

At September 30, 2017, the District had an outstanding infrastructure construction contract totaling approximately $1.9 million, of which approximately $1.8 million rema ined unfinished at year-end.

NOTE 9: SUBSEQUENT EVENT

Subsequent to year-end, the District issued $4,160,000 of Special Assessment Bonds, Series 2017 consisting of $370,000 Term Bonds due May 1, 2023 with a fixed interest rate of 3.5%, $455,000 Term Bonds due May 1, 2028 with a fixed interest rate of 4.125%, $1,270,000 Term Bonds due May 1, 2038 with a fixed interest rat e of 4.625%, and $2,065,000 Term Bonds due M ay 1, 2048 with a fixe d interest rat e of 5.0%. The Bonds were issued t o provide funding to pay a portion of the costs of the planning, financing, acq uisition, construction, equipping and installation of the Series 2017 project . Interest is to be paid semiannually on each May 1 and November 1, commencing on May 1,

2018.

Prin cipal on the Bonds is to be paid serially commencing May 1, 2019 through M ay 1, 2048. The Series 2017 Bonds, may at the option of the District, be ca lled for redemption prior to maturity as discusse d in the Bond Indenture. The Bonds are subject to optional and extraordinary mandatory re demption prior to maturity in the manner determined by the Bond Registrar if certain events occur as outlined in the Bond Indenture.

In connection with the issuance, the Di strict repaid the Deve loper for the fu nds advanced to the District for construction.

- 19 -

Required Supplemental Information

(Other Than MD&A)

Holly Hill Road East Community Development District

Budget to Actual Comparison Schedule -  General Fund

Year ended September 30,				2017			
		Original and		Actual	Variance with	
	Final Budget	Amounts	Final Budget	
Revenues							
Assessme nt revenue	$	180,000	$	15,300	$	(164,700)	
Total revenues		180,000		15,300		(164,700)	
Expenditures							
Ge neral government		180,000		28,086		151,914	
Total expe nditures		180,000		28,086		151,914	
Exce ss (defi cit) of revenues over expenditures	$	-	$	(12,786)	$	(12,786)	

- 20 -

~l:G::	500 Grand Boulevard		
CRI I NGRAM	Carr, Riggs & Ingram, LLC		
	Certified Public Accountants		
			
CPAs and Advisors	Sui1e 210		
	Miramar Beach, Florida 32550		
			
	(850) 837-3141		
	(850) 654 -4619 (fax)		
	CRlcpa.com		

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

To the Board of Supervisors

Holly Hill Road East Community Development District

Davenport, Florida

We have aud it ed, in accord ance with t he auditing standard s generally accepted in the United St at es of America and the stand ards applica ble to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, t he financia l statements of the governmental activities and each major fund of Holly Hill Road East Community Development District (hereinafter referred t o as the "District"), as of and for the yea r ended September 30, 2017, and the related notes to the financia l stat ements, which collectively comprise the District'sbasic fina ncial statements, and have issued our report thereon dated June 22, 2018.

Internal Control Over Financial Reporting

In planning and performing our audit of t he financial statement s, we considered the District's intern al control over financial report ing (internal control) to determine t he audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not fo r the purpose of expressing an opinion on the effectiveness of the District 's internal control. Accordingly, we do not express an opinion on the effectiveness of the District's

internal control.

A deficiency in internal control exist s when the design or operation of a control does not allow management or employees, ih the normal course of performing their assigned functions, to prevent, or detect and correct, misstat ements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reaso nable possibility that a material misstatement of the entity'sfinancial statements will not bevepr nted, or det ected and correctedo n a timely basis. A significant deficiencyd is a eficiency, or a combination of deficiencies, in internal control t hat is less severe than a material wea kness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control was for the limited purpose described in t he first paragraph of this section and was not designed t o identify all deficiencies in internal control that might be mat eri al weaknesses or significant deficiencies, and therefore, material wea knesses or significant deficiencies may exist that were not ident ified. We did identify a deficiency in internal cont rol described below as item IC2017-001 that we consider to be a material weakness.

- 21 -

1(2017-001: Developer advances

•

•

•

•

Condition: The District failed to report approximately $218,000 of developer advances on its		
financial statements as of September 30, 2017. The amounts	were essentially expenditures		
made by the Developer on the District'sbehalf.								
Criteria:  Generally  Accepted  Accounting  Principles  for	governmental	entities	require		
						
payments made on behalf of governments to	be recorded	as	revenue and expenditures as		
appropriate.								
Cause: The  District overlooked  recording the	revenue and  related  expenditures	because		
they were non-cash in nature and had no direct impact on the	District'sfinancial	records.		
					
Effect: Revenues and expenditures on the fund-levelwerefinancial statements		understated		
					
by approximately $218,000.								

•

Recommendation: We recommend the District record construction costs funded by the Developer.

developer advances in the

amount

of

•	Management Response: The  District

oversight is avoided in the future.

has

already taken

further

steps

to

ensure

that

this

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

Purpose

of

this Report

The purpose of this report is	solely to describe the scope	of our testing of internal control and	
compliance and the results of	that testing, and not to provide an opinion on the	effectiveness of the	
District'sinternal control or on compliance. This report is an	integral part of an	audit performed in	

accordance

with

Government Auditing Standards

in

considering

the

District'sinternal control and

compliance. Accordingly, this communication

is

not

suitable

for

any

other

purpose.

CARR,

RIGGS

&

INGRAM,

LLC

Miramar

Beach, Florida

June 22, 2018

- 22 -

~l:G: f	500 Grand Boulevard		
CRI INGRAM	Carr, Riggs & Ingram, LLC		
	Certified Public Acco untants		
	Suite 210		
CPAs a nd Advisors	Miramar Beach, Florida 32550		
			
MANAGEMENT LETTER	(8501837-3 14 l		
	(850! 654-4619 (fax)		
			
	CRlepa.com		
To the Board of Supervisors			
Holly Hill Road East Community Development District			
Davenport, Florida			

ReportStatementsontheFinancial

We have audited the fi nancial st atem ents of the Holly Hill Road East Community Development District ("District" ) as of and for the fiscal year ended September 301 2017, and have issued our report thereon dated June 22, 2018.

Auditors'Responsibility

We conducted our audlt in accordance with audit ing standards generally accepted in t he United States of America; the st andards applicable to financial audits contained in Government A uditing Standards, issued by the Comptroller General of t he United States; and Chapter 10.550, Ru les of the Florida Auditor General.

Other Reports and Sch edu le

We have iss ued our Independent Auditors'Report on Int ernal Control over Financial Reporting and Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Acc ordance with Governm ent Auditing Standards; and Independent Accountant's Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapte r 10.550, Rules of the Auditor General. Di scl osures in these reports, which are dated June 22, 2018, should be considered in conjunction w ith this management letter.

Prior Audit Findings

Sec tion 10.554{1)(i)1., Ru les of t he Auditor Genera l, requires that w e determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report. This is the District's first annual audit report.

Official Title and Legal Authority

Section 10.554{1)(i)4., Rul es of the Auditor General, requires that the name or official title and legal authority for the primary government and each component unit of the report ing entit y be disclosed in thi s management letter, unless disclosed in the notes to the financial stat ements. The information required is disclosed in the notes t o the financia l stat ements.

- 23 -

Financial Condition													
Section 10.554(1)(i)5.a. and 10.556(7),	Rules of the Auditor General, require	us to apply	appropriate		
													
procedures and communicate the results	of	our determination as to whether or not the	District has		
met  one	or  more  of the  conditions	described  in  Section	218.503(1),	Florida  Statutes,	and		
													
identification of the specific condition(s) met. In connection with our audit,	we determined	that	the		
District did not meet any of the conditions	described in Section 218.503(1), Florida Statutes.				
											
Pursuant	to Sections  10.554(1)(i)5.c.  and  10.556(8),  Rules	of	the  Auditor  General,		we	applied		
									
financial	condition  assessment  procedures	for the  District.	It	is  management's responsibility to		
											
monitor the District'sfinancial condition, and our financial condition assessment was based in part		
on  representations  made  by management	and the  review	of	financial  information	provided	by		
									
same.														

Section 10.554(1)(i)2., Rules recommendations to improve any such recommendations.

of	the	
financial	

Auditor	General,  requires	that  we	communicate	
management. In connection with our audit, we did not	

any have

Annual Financial Report						
Section 10.554(1)(i)5.b. and 10.556(7),	Rules of the Auditor General, require us to apply appropriate		
					
procedures and communicate	the results	of our determination as to whether the annual financial		
report  for  the	District  for the  fiscal  year  ended  September  30,  2017,  filed  with  the  Florida		
Department of	Financial Services pursuant to Section 218.32{1)(a), Florida Statutes, is in agreement		
with	the annual financial audit	report	for	the fiscal year ended September	30, 2017. In connection		
							
with	our audit, we determined	that these	two reports were in agreement.			

Other

Matters

Section 10.554(1)(i)3., Rules of the with provisions of contracts or grant

Auditor General, require us to agreements, or abuse, that have

communicate noncompliance occurred, or are likely to have

occurred,	that have an  effect	
warrants	the attention of those	

on the financial statements charged with governance. In

that is  less	than  material	but which	
connection	with our audit,	we did not	

have any such findings. Purpose of this Letter

Our management letter is intended Committee, members of the Florida Auditor General, Federal and other management, and is not intended

solely for the information	and use of the Legislative	Auditing		
					
Senate and the Florida House	of	Representatives,	the	Florida		
granting agencies,	the	Board	of	Supervisors,	and	applicable		
										
to be  and should	not	be	used  by anyone other	than	these		

specified parties.

c~ ~flV /

~J

'"·'--C..

CARR,

RIGGS

&

INGRAM,

LLC

Miramar

Beach, Florida

June 22, 2018

-

24

-

~l:G~:	500 Grand Boulevard		
CRI INGRAM	Carr, Riggs & Ingram , LLC		
	Certified Public Accounlanls		
			
CPAs and Advisors	Suite210		
	Miramar Beach, Florida 32550		
			
	(850) 837-3141		
	(850) 654 -4619 (fax)		
	CRlcpa .com		

INDEPENDENT ACCOUNTANTS'REPORT

To the Board of Supervisors

Holly Hill Road East Community Development District

Davenport, Florida

We have examined Holly Hill Road East Community Development District' compliance with the requirements of Section 218.4151 Florida Statutes, Local Government Investment Policies, during the year ended September 30, 2017. Management of the District is respohsible fo r the District's compliance with the specified requirements. Our responsibility is to express an opinion on the District'scompliance with the specified requirements based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonablassurance about whether the District complied, in all material respects, with the specified requirements referenced above . An examination involves performing procedures to obtain evidence about w hether the District complied with the specified requirements. The nature, timing, and extent of t he procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis

for our opinion.

Our examination does not provide a legal determination on the District'scompliance w ith specified

req uirement s.

In ourihi op on, the District complied, in all material respects, with the aforementioned requiremehts for the year ended September 30, 2017.

This report is intended solely for the information and use of management and the State of Florida Auditor General and is not intended to be and should not be used by anyone other than these

specified parties.

CARR, RIGGS & INGRAM, LLC

Miramar Beach, Florida

June 22, 2018

- 25 •

Holly

Community

Hill Road East

Development District

Payment

Authorization

No. 33 -	35	

HOLL V HILL ROAD EAST COMMUNITY DEVELOPMENT

DISTRICT

Payment Authorization No. 033			
6/15/2018				
Item	Vendor		Invoice	
No.			Number	
1	City of Davenport			
	Acct: 8487 ; Service 05/05/2018	- 06/04/2018		
2	Dennis Wood Engineering			
	Engineering Services Through 05/20/2018	2129	

	General	
	Fund	
$	113,85	
$	375.00	

TOTAL

$

488.85

Please Return To: Holly Hill Road East COD c/o Fishkind & Associates 12051 Corporate Boulevard Orlando, FL 32817

Page

1 of 1

ADDRESS SERVICE REQUESTED

Office Hours:

For inquiries, please call:	
(863)	419-3300	
Fax: (863)	419-3302	
After Hours (863) 419-3306	
specor@mydavenport.org	
Monday - Friday 8:00 • 5:00	

I	8487	41010	6JRA	I		
				.		
.						
@=Ml•fdd		(•)611 )1)1		
I			11			
	06/11/18	07/01/18	176.75	I		
'--------'--------'-------'!		

**ALIT0**MIXED

AADC

750	11	

MAAD

108213AA11-A-1

2604  1  MB   0,421
,,,,,,,,,,,,,, .... ,,,,,.,,,.,,.,,,,.,1,,,,,,.,,,.,,,,,,,,.,,,.,,.

lW.	
~\~	~~	
1		

HOLLY HILL ROAD EAST COD 12051 CORPORATE BLVD HOLLY HILL ROAD EAST COD ORLANDO FL 32817-1450

		950 Davenport BL VD	05/05/18  to	06/04/18	
				PREVIOUS UNPAID CHARGES	
05/04/18	237 06/05/18	601  1548985686	36400	UTILITY ACCOUNT	
				TAXES	
				CURRENT CHARGES	
				TOTAL AMOUNT DUE	

176.75

	62.90	
	103.50	
	10.35	
	113.85	
$	176.75	

THE JULY 4TH GARBAGE,
JULY 5TH.

RECYCLING,

BULK

WILL

BE

COLLECTED ON

THURSDAY

*****k*******k*************************************	CONFIDENCE REPORT (CCR) PLEASE		
TO OBTAIN A COPY OF THE 2017 CONSUMER			
GO TO THE DIRCT LINK:			
https://www.mydavenport.org/vertical/Sites/% 7B96FA 7 459-A704-43EF-A44D-7B FA 732F5D2E%		

7D/uploads/2017_

CCR.pdf

*************************************************** COMMISSION MEETING: EVERY 1ST AND 3RD CITY HALL

MONDAY

OF '

EVERY

MONTH

AT 7

PM

AT

********************k*******************k**********				
NOTICE: ALL BILLS ARE DUE ON THE 1ST	OF EACH MONTH AND CONSIDERED		
DUE ON THE 10TH AND SUBJECT TO TERMINATION	OF UTILITY SERVICES.		

PAST

H ,t\

Payment	·
Coupon

8487	41010

PLEASE RETURN THIS PORTION WITH YOUR PAYMENT

MAKE YOUR CHECKS PAYABLE TO: CITY OF DAVENPORT

6JRA
~	~'REMIT PAYMENT	TO:		
----------				

HOLLY HILL ROAD EAST CDD 12051 CORPORATE BLVD HOLLY HILL ROAD EAST CDD ORLANDO FL 32817-1450

•11l11 •11	11	1	111	1	1	1	1	11	•11	111	11	11	1••	•1	1	1		
		l		•• 11 111	1			• 11l111				1l•l1•1l1ll			
CITY OF DAVENPORT											
PO BOX 125															
DAVENPORT, FL 33836-0125								

Dennis Wood Engineering, LLC	
1925 B8.ltow	Road	,Suite IO I	
Lakeland, Fl	33801		

Bill To		
Rennie Heath		
Cassidy Holdings,	LLC	
346 ElL~t Central Avenue	
Winter Haven, FL	33880	

	Invoice	
Date	Invoice#	
5/18/2018	2129	

i<ECEl\/[D	JUN	I 3	2nm	

P.O. No.

Quantity	Description	
0.5	Principal Enginm:r 4-6-18	
0.5	Principal Engineer 4-16-18	
0.5	Principal Engineer 4-18-18	
I	Principal Engineer 5-4-18	
0,5	Principal Engineer 5-16-18	

Terms	Project

Rate	Amount	
125.00	62.50	
125.00	62.50	
125.00	62.50	
125.00	125.00	
125.00	62.50	

f-)1_ /70~

Holly Hill Road East CDD 13illlng 4-2-18 thrn 5-20-18

Total

$375.00

HOLLY HILL ROAD EAST COMMUNITY DEVELOPMENT

DISTRICT

Payment Authorization No. 034

6/22/2018

Item	Vendor

No.

1	Fishkind & Associates

DM Fee & Reimbursables: June 2018

Invoice

Number

22840

General

Fund

$  2,255.16

TOTAL

$

2,255.16

Please Return To: Holly Hill Road East COD c/o Fishkind & Associates 12051 Corporate Boulevard Orlando, FL 32817

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

Holly Hill Road East COD

c/o Fishkind & Associates, Inc.

12051 Corporate Blvd

Orlando, FL  32817

File: HollyHillRoadEastCDD

Services:

District Management Fee: June 2018

Website

UPS

Copies

Postage

The Ledger

FISHKIND &ASSOCl/>JES

Invoice

Invoice#:  j 22840

6/13/2018

Ho IIIV H"II  Road East

Amount

1,666.67 125.00 37.24 123.90 2.35 300.00

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

Balance Due	$2,255.16	

UPS No: 1Z1Y9R280392185903	Shipper		
	FISH KIND & ASSOCIATES		
Pickup	Date	05/08/20i8			
			1205i	CORPORATE BLVD		
						
Service·Level   Commercial Ground				
	ORU'\NDO		
Weight		i  lb			
			. FL32817		
		. 002			
Zone					
			JANE GAARLANDT		
					
Payer		Shipper			

Bill Reference: Holly Hill Road East COD			
			Holly	Hill Road East COD		

Receiver EAST TENTH LLC 346 E CENTRAL AVE WINTER HAVEN FL338_80 SCOTT SHAPIRO

1 count

\ Freight	9.94	7.95		
				
	0.65	0.52		
Fuel Surcharge				

Total	10.59	8.47		
				
		8.47		
Sub Total	10.59			

UPS No: 1Z1Y9R280195459115

Sh" pper

HKIND & ASSOCIATES I5i CORPORATE BLVD LANDO 328i7 ANDA LANE

- HollyHill L-,-

Receiver

DENNIS WOOD ENGINEERING

i 925 BARTOW ROAD STE. i 0i

LAKELAND

FL 3380i

NICKI ROWAN

1 count

Freight

Fuel Surcharge

Total

Sub Total

33.21	26.57

2.75	2.20

35.96	28.77

35.96	28.77

~7 - ~

Copy Count

Account:			
Amount	of		

Ho\\u	\\\\\		
			
'		_		
				
Copies:	----"f~_\~_2_})1________		

Total$:

)

~3.

qD

Month:May

pltney

bowes

~J)

Pate

Range:

Account Summary

April-r,2018·ttr-April-30th,z0Hl

Report

Yvl -a,."j

z.e,

I

/5

Meter Group: All Meters	
Meter 1WOO	- 1376538 OLD at ORLANDO, FL	
Meter 4WOO	- 0347354 at ORLANDO, FL	
	Meter Details					
	·1	Meter Name		
ORLANDO, FL	'4WOO	- 0347354			
ORLANOO, FL	lWOO	-1376538	OLD		

)	serial Number J PbP Account Numb~~J	
	0347354	24978470	
	1376538		

Account Summary

foal-,,--.,-----

Holly Hill Road East

A_cc_o_u_nt________,.	su_b_A_c_co_u_n_t_.,__P_le_c_e.s_-'"__Total~~~r~ed	_]		
				
	$2.350		

Grand

Total

$2,350

THE LEDGER			
LEGAL ADVERTISING			
FEDERAL ID# 47 2464860			
BJLLED ACCOUNT NAME.AND	ADDRESS		
			
JANE GAARLANDT				
HOLLY HILL ROAD	EAST CDO		
				
12051 CORPORATE BLVD			
ORLANDO, FL 32817			

INVOICE NU_IIIBER			
L060G0IFQF				
BILLED ACCOUNT NUMBER		
755093				
Amount Due:	:	$1,796.64		
				
Remittance Address		
THE LEDGER				
PO BOX 913004			
ORLANDO, FL 32891		

DATE

	ALONG		
PLEASE RETURN THIS INVOICE		
NEWSPAPER	Description		
REFERENCE			

WTH YOUR REMITTANCE

Size

PAJD

NET

AMOUNT

4/19/2018	L0B0GOIFQF	
4/27/2018	L060G0IFQF	
5/3/2018	L060GOIFQF	
5/10/2018	L060GOIFQF	

FIRST PRINT					
SECOND PRINT					
THIRD PRINT					
FOURTH PRINT					
INTENT FOR COLLECTION OF SPECIAL		
ASSESSMENTS.					
CORRECTED INVOICE	STATED THE		
THE ORIGINAL INVOICE			
				
AMOUNT DUE WAS $37 4.16 FOR EACH		
PRINT DAY, WHEN IT SHOULD	HAVE		
			
NOTEDEACH THAT	PRINT DAY WAS		
					
$449.16.					
WE APOLOGIZE FOR ANY INCONVENIENCE		
THIS MAY HAVE CAUSED.			

1 1 1 1

X94 X94 X94 X94

$ $ $ $

374.16 374.16 374.16 374.16

$	449.16	
$	449.16	
$	449.16	
$	449.16	

BILLED ACCOUNT NUMBER:	755093	

AMOUNT PAID $1496.64 AMOUNT DUE

$300.00

PATTI ROUSE 863-802-7370

[tJEWS CHIEF &

THE

LEDGER, LEGALADVERTISING,

PO

BOX408,

LAKELAND, FL33~01

6/12/2018	Edgil Payway		

				...	..			
					...			
				•••	1111•-·			
				aaa11				
ENTER A	FINDA	FIND	BANI( DEPOSIT	TRANSACTION	ACCOUNT	ADD ACCOUNTS		
PAYMENT	PAYMENT	ACCOUNTS	REPORTS	REPORTS	REPORTS			

SUBMIT FILE	FILE REPORTS

	N«mt		
	\iu<i1w.!,.ttl,;n ll)		
	t:M~rlnl1		
	~:trtlii'i.:U		
	Ti))i}<?.			
	l>~'/\,l~		
	:-1.-.r.~t~:!~			
	r/l'!':.dAmoof'lt		
	'/;,~			
	~IJth C.·~0-◊.		
	.c\J:r&OOl'lt Ht)l@ir		
I	Aeeoo(ljt~		
		·~ ..		
'	~n			

	Lfi~t~;:-		
	~lfffluflri		
	~ftil:.!:J			
	i'!irH,li;c			
	nQih!hl	\		
	~!ei~	:t		
	l\l'&t$3		

[ EIIITl;II MORE  l

v~,u~	'		
			
)mot!Wf>U'!A1'J3f!ij1~01		
C6fW1f:I	14!11:!Q		
~lfl.~ P.!itVfflffllll		
SHI~			
~~{11~			
Sue~JS	..		
			
300,00			
0.00	-		
			
!ll~'1i			
FtSHl(!NO ·J,,,!OLLV 14!1.I. ROAD		
eoo			
~-				
----··				
CW~31l'13'1	..			
-				
				
f)llf;l				
'&QI~				
r1mM!idi!l.@fl1>hlood,eom		
ll{17J~2$25tl				
AQ L.~IFaF				
ACCT 71i60~l				
PATTI~ flOO	$HE!IJ'~		
l..f,J;;.,,1 L7-::Jli7/Jl~Ol		
	'			

©2017 Edgll Associates, All rights reserved. hltps://www.paywaybackoffice.com/payway/enter-payment•new.jsp

1/1

HOLLY HILL ROAD EAST COMMUNITY DEVELOPMENT

DISTRICT

Payment Authorization No. 035		
6/29/2018					
Item			Vendor		
No.					
1	Business	Observer		
					
	Legal Advertising 06/29/2018 & 07/06/2018		
2	Duke Energy			
	Acct: 66949 31127	; Service 05/22/2018 - 06/21/2018		
3	Hopping Green &	Sams		
	General Counsel Through 05/31/2018		

Invoice		General	
Number		Fund	
18-01141 K	$	818.12	
	$	24.59	
101025	$	5,058.89	

TOTAL

$

5,901.60

Please Return To:

Holly Hill Road East COD

c/o Fishkind & Associates

12051 Corporate Boulevard

Orlando, FL 32817

INVOICE

Legal Advertising

Invoice# 18-01141K

Business Observer

I 970 Main Street
3rd Floor
Sarasota, FL 34236

' 941-906-9386 x322

Date 06/29/2018

Attn:	Please make checks payable to:	
Fishkind & Associates, Inc.	(Please note Invoice # on check)	
12051 CORPORATE BLVD.	Business Observer	
ORLANDO  FL 32817	1970 Main Street	
	3rd Floor	
	Sarasota, FL 34236	

Description	
(Serial # 18-01141 K	
:Notice of Public Hearings	
1	RE: Holly Hill Road East Community Development District	
[Published: 6/29/2018, 7/6/2018	

Amount

$818.12

Important Message

Paid	()		
			
Total	$818.12		
Payment is expected within 30 days of the		
first publication date of your notice.		

Attention:

If you your

are a government agency and notice per F.S. revision 50.061,

you believe that you qualify for a please inform Kristen Boothroyd

15% discount to the second insertion directly at 941-906-9386 x323.

of

NOTICE

The that

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

Serial Number

18-01141K

Published Weekly
Lakeland, Polk County, Florida

COUNTY OF POLK S.S. STATE OF FLORIDA

Before the undersigned authority personally appeared Adella Roberts who on oath says that he/she is Publisher's Representative of the Business Observer a weekly newspaper published at Lakeland, Polk County, Florida; that the attached copy of advertisement,

being a Notice of Public Hearings

in the matter of Holly Hill Road East Community Development District in the Court, was published in said newspaper in the

issues of 6/29/2018, 7/6/2018

Affiant further says that the said Business Observer is a newspaper published at Lakeland, Polk County, Florida, and that said newspaper has heretofore been continuously published and has been entered as periodicals matter at the Post Office in Lakeland in said Polk County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that he/she has neither paid nor promised any person, firm or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for publication in said newspaper. *This Notice was placed on the newspaper's website and floridapublicnotices.com on the same day the notice appeared in the newspaper.

Adella Roberts

Sworn to and subscribed before me this

6thdayofJuly,2018 A.D. by Adella Roberts who is personally known to me.

Notary Public, State of Florida
(SEAL)

See Attached

									---------		
m.1_1.LYJIJJ~.l~ RQAP_f"'~fil'_£9M1'fY.N.ITY Pffi.'!i..I,.Qf1'n!tfl.'.QJ.ITTJtJc;JT		
1												
NOTICH OF I	UDL1C HE.AlllNG TO CONSIDER TIIE ADOPTION OP 'llll!		
FISCAL YEAH	'2018/ioJg  BUUGRTj	NCYrlCll OP	PUUI,IC IIE,\.IUNG TO		
CONSIOEil nm lMPOSITJON  OF	OPErtATlONS AND  MAINIT!.N1\NCE		
SPECIAL AS.'il!'.SSMHNTS, ADOPTION OF AN ASSEBSMENT HOU.,	AND		
llff. I.EVY, CO1.T.P.C...TJON,  AND	E!'fVOrtCl~~mNT OF	TI-m SAME;	AND		
NOTICE OF nI!GUIAn. DOAitn OFSUPERVJSOTTS' MEETING.			
	Up1,.·omlngP1.1hllc Hcaring..,J nm] ftq(u1A.r Meeting				
The 8(11111 orB111x-r.isurs ("U11<1rd")	for	t11r Holly Hill	rtooJ	E:t'it Cc11n11111nity De•		
wlopml'nl Dislrkl (.. OJstrkf') \\ill llo]J thr- follo\\ing	two public	hN1.rings	;ind ;,.		
ref;l,Jlllrnteetlng:					Julr Jd, 201s					
DATE:									
TfME:				J0:4:i :i.m.			Homes			
LOCATION:			Office. ufC115siJy				
						!.146 &'litCt•ntralA,~nul.'			
						Winterllnwin, Florida.il:JflSO			
Thri first puhlic	hewing is lwing lmltl purxuMt to CbnpLc>r J.IJU,  Florida Stat11u,t,		
to n·n.•kc public. co1mnl'11t nm] ubjl•ct!uns on thr Db1rkt':. proJ)(JR'll lmJgl!t ("Pro•		
1ioseJ nuJgc-t") for the fiiml ye.1r hegiuning Odoher t, 2018 nml en Jing Septem-		
hrr 30, 2019 (''fl5t•,1l	Y1:nr 20IB/20J!)"), The StXtHld	puhlic ht•nring is lil'iug hdJ		
pur:sunnl to Cha11kre	170, 19U Mil 197,	Florida Sllltulc.,, to oonsi<for the impudlfon		
nf operalion-. nnd mninlenann> ~pccfo.1	;'LV,e~,;menli; ("O&M Ao;.<;1?..\\1Uenl-.")	upon		
the lau<l!i" lomtt1.l \\ithln llw DL~lrkt,	to fund the Proposed nudgct for Fisral Ymr		
2018/201!); tu rnnsider the ndupliun ur au .ust"ss11w11t	roll; and, tu	JmHide for the		
le\)', t'(•1ll'l11on,	anJ unforcem1.>11t of ns~~mi:nls. Al ll1u t-ontlmiun	uf the ltl.'.'ariu,1;5,		
!he Doanl \\ill,	hy l'e5olution, :,,dopt a buJgd mul lr-\)"	O&M ,ti.lc.mncul:5 ru, finally		
.1ppnmxt hy the	Board. A Uoard mceliug nfthe District \\ill nlm lic. hr-ltl where thl"		
Tlo:mi mayromfrler <m)'ntl1l"r Dl.uric-t hm.-in~t,;,							
			0c.5cri111ion orAfSc.ssmcnL,;					
The District impo~•s	0,!<l.l Asse.mnrnt.s on liencfittt-<l	prupr-rty \\ilhin tht· Distril·t		
for tlic Pllrpole	u( fonding the DhlrictS general ,uhninistr,11lw, operations., ,mJ		
maintennuw butlget. l'uourmt tu Section 170.07, Horhfo. Stntul~s, n dl'.'H"ripliua uf		
the ~mire~ to	he runrlrrl by thc O&M As.5essmcnL'i, and thl'	propcrtil'.;: to be im-		
proved :mrl henefitt«l from lhe Ohl{	Asses.smcnu, an~ :\II sci	forth In lhl" l'rol)O~E'd		
Dndr;iil. A gt.'Oimphic rlcpii:tiun ortho property polcnlinlly zuhjtct	to the proposed		
O&M i\_,;.5cssments is itfontifil!d in lJu.> nmp nUachl'll hen•lo. Thl' 1Ahlc hduw shows		
the sc:ha.lnh.>o(th~ propuSl"<l Otd,f Assl':>Sntcnts, which .iresubjcd lu ch.inge nt thc-		
hr,uiug:													
Lund Us:!!		lb111hufU11i1>		E.RU Fuctur		l'ropos•<l ,\nnl!lll O.~M		
								As.seumentOnduding		
								collection ro.1l.s/ fntly		
								piJ)1Ucul dtswunts)			
Plattt,J: Singll'	!W¼(ph.uctl			1.0		$9!1S,37				
[?.unily		lots)										

·---------·------------·~--------																												
nction, which nho m~y r~-:ult In	n lo$s arlltk	Tor District"s	rlcd.1ion	to collrct as---	(~Flscn.l	Yt-nr 2016/201!>'");	anJ									l)istrict to fun<l the ndmlni'§:~		
H·Mnwntsun lhl•	l:t"\: rull orhydim.:t billin~ 1lues	uul )lrcdude	thll Dl~lrkt r(()m Jatr-r			WHEllli,\S, It	ls in thl· h<'st intl'l\'.!it u(the			
ell:'tiltll{ tu l'Ollel1	thuw or ullll'r	.U'>l'.5'>11ll'l1l.5	in	;i diffl•r•mt nunuerut	;i ftttun.• Ihm•,	lmth·e aml upt-mtium limi~5	(to:,:-.cther, .,&nin.><i') sd	furdt in the Ptupo~c,1 Uml-		
			A1ltllllono.ll'ro\·isiu1L-.					i;et	by le,y oflillt'l..'in1	A.'i""-'~\llll'lll.5	pu~uant to Ch,1Jilers 1/U, 190	;1.11c1197,	Floritl.i		
Tiw puhlic ht•aring.<i: nnd lllN>ting nre up<'n to	the p11\1lk	i\11J	,,ill hr	{'tl11tl1.1t1l!1! in	Stntu!es (-A..~l'.S.inlcinL'il, n.s	Sl.'.'l  rorth	in thl•	pn•liminnry a_.._~l',-,rnll'nt	rnll ind111h•J		
acmrrl.1ntc whh the prmNon:o; url-1uridn	lnw.		A rop)' olthe Pmpnm:1 Budget, pro-	\\ilhin the Jrnpo~tl llndget; ruul																				
																		1																										
1nil'il	.LtH•.~mr-nt mil, nnJ th~ ngcnd;i for	the	hcaring_,;imcl meeting mayl1ool1t11incd		WH	EREA.S, thu District hcrdir dc1crn1incs that hr-11r-fi1s	,,1mld	:u~rnc-	to	tlrn		
				prnpertks,\ithin	the Dbllirt, asoutlinl'd ,\ithin the Prnposrd	Dmlgrl, in	annmouut		
at the	t10k1•-~ of !he Dl,trit1 M;i11;1gr-r, lf}(11tctl	nt	Fhhl.Jnd & ,\5~>dntes. Inc-., 121Mt						
																		Aucssml!IIL'- ,rnulJ	br fairly		
Cmpnmh.• il(iulc\;utl, Orl,,nt.10. F1orith.:l'..!Rl7.	Ph:	407..:rn2<J2!ili("Dlstrkt1ifon:i.g~	l1.Jlli11 tuorin l'.l;l'(',.,;sortheAise~'illll'llls, anJ that :,.ud1				
c-r's OOicc"), Ju ring nurmnl hus!ne.'d ho\lrs..	Thl' public h£>.1ri11br<; J\Od	lllrl'ting nlny	nnd rl'Mun;ih)yalh1ltC'tl	ns 5<'l	rl1rth in tht' Pt\lpoM->il nuJgct; a11J							As-		
be- ruuliuu.c,l lo i1	d.1lc-1  time,	1,nd plm~ to	he	sr-,-cilk<l 011	the f\.'(O!d nt thr b(.>:ninr.s	WIIEllEAS, lhl' Uo,1rJ has	l'Oll$ith::n.'l1	the. Proµ\'.l.\l'll	"11Ji;ct, indndiug thl•			
or m~Ung. Thrn• may he nl-r,tsions \\}w11 Mn.ff or	ho;in:1	mrmht'~ mny p,1rtidp.1le	sr-.,c;ment.s, anti clr-.1,ires to st•l the wc11.1lrt'tl	1mhllc hl'•tring:i; lhNeim;			OF				
hyspl'akertdr-ph1mr.															NOW, THEREFORE,	DB	IT	RF.SOLVED	DY Hill	DOAnD					
		ar1:ommorlations	o.t thU	mee1ing hec.,tisc ol'n di~-		SUPEllVISORS OJl	THE	HOLLY	HILL llO,U) !!.AST CO).JMU-				
Any pen:.on rN]uiring spC'Cinl												
nbility or phpkal impaimicut should tTintat1		the	DL~ttfrt 'MMagcr~ Oflkc .il Je115t		.Ntn·DEVELOT'MENTDISTRICT:			1												
~;1:~~::t;t:~1:~J~~J:~ ~~1.,;~	;,:~i:~i~:-J:~.t~:7~;~1~:;~~lo;.~b~~~~~l~!;~1;							0												1								
		hy ti,c DlilrI~1n~~~a~!~r:r	1?is~ryt.!r2~~~~~ifl	~t~~~;::rtt::!t~ ~g~~ll't~lt:j~		
		11		1												1																												
1-800-955·8770 (\'ok('), for aid	in runlacling the	District	}.fa.r1t1-~r·s Officr..	hl'roby l\JlfHUVL'II	as lhl" h;isis forcuntlm1ing	I\ public healing lo	:ulopt	5aill Proposrd		
Pie.-..~~ nnte that all nfl('cte<l prnpertyo\\11er5	]1;1\'e tho:' right to appeu :it th.- puhHt	Ilu.dgtl.	Dl!CL\HINGASSESS?\(Y.,.\ffS.	Pur:111.\nl	to Chaptr-rs170,	H)Onnd 197,		
J1earing-s nntl m('{'tlng, nnd may :i.l,;o filt• writtco ubjrdio11s,,i1h the Dirtrict Mnn:tg-	2.						
							o[thc	&•nili.'S	iu tlll• totul		
er's Oflkr \\111.iin tWl'lltyd!l)'5	ofpul.ilimtiou oflJ1is uotkt!. Eudt pl'l'sun who Jl-cidl's	Horida	,!ilnt\1tes,	thl•	A.,;sr-HmcnLs	sha11 t.Jerrar thl' w~t					
tn nppi>:il nuy dl'C"Mtm nurle	by	lhe Oo.uJ \\ilh 1v-specl to i\ll)'m~tter	l'ul\s[dere<l al	estin1ntt!d nmo1mls set fortl1	h1	tho PmposeJ	B11dgt1I.  The n,tl\11"'	of, nml plnn~ :inti		
!lie publk ht·nrhlxsor llll't'lin~ h mhiSt-<l	lh;,l	pcr..un will	Utl'll a	n'Cottl o(pnx:-1:ct.1-	~p<."t,:ific.,tions fur, tin•	~:nin·.:s lo he fuudl-<l	br the AS-Sl'.)'>llll'llls ,in• desl"tiht!1l	in	the		
ingi. nnd that nmirrlingl); 1hr. P<'n;1,n m:i.y nrcd to	r-ns11rc	th:'lt n	,·1.>rbatin1 rcrord or	Proposed "mlgc:t, a1I	of which nre 011	tile	nurl n\,1.ilahlc	fur JlUhlk	inspet1lun	nl	the		
the pnK"l't'dings is m:ule, indudin~ the tr$limc111y	nnrl evi.<lenrt> upon \\'hkh :md1	-m~trict:c; onke,":U:1 c,,.mpm .Slll'i'I,	Celeh1';1tion, Flori<la ill-7-1-7,	'I11r.	A,;.~i>.,;smcnl.s		
appe;il is t1> he hasc<l.														5hall he	lc,it•d 1\ilhi11 the District on	a1l lien~filtcd	lots	ant.1 hunls, ru1tl	shall	hl'	ap-		
								Dbirid	Mm1Jgcr		purtionc<l, :tll as dr-S(.•ribed	in tht> PrupOSl'll	Umlxct	.ind	the 11reliminary	n'>St'.S.">nll'llt		
																				
																roll	ineluJed th1.:rci11.	The prutiminary a.-.~cssmcnt		mll	is also	011	fill,	anJ a,.ii1,ll1k•		
																for	pulilic hupcdion	.it !be Distrltf~ Oflitc. ·mcAm·mneul5	sl1.11ll be	p.1it.1	in	one		
																meire in.o;t;ilhnents p11m11nt	tu	a hill i.rnwd hythc Dis1tkt in Nm-cmhr-r[Jf2018,	llnd		
																pur:,;unnt to ChApler171)1  Flnritla Stnt111e.i, or,	a11N1tAth'l'ly, JlUl~Uo\nt to	the Uulform		
																Mr-I hod n.s set forth in Chnptl'r 197, JIJoridn	SU.lutes.						170, 190,	and		
																a,	SEITlNG PUDLlC HE,\IUNGS.  Plm,111mt to Chaptcts				
																197, F1orl.Jn Sl.lt\lh-j,puhlic	heating.-s on thc,1ppru\"t-.d Ptopo~eil UuJget	anJ the	As·		
																~fi~menl5 nre hl'noby	Jl'C!art'tli\UJ ~d for	lhi' following	tlall', huurnnJ	Iota	lion:			
																		DATE:						July 18,	'lOH:I														
																		HOllll:						10:45	n.m,				Homes										
																		WCATION:				Ofliccs ofCassitly											
																									:wfi	It.rut Ceutml	A\'l!llu~									
																									Whiter	Hi1\-..-n, FloriJ11 a:rnso								
																4.	TJlANSMl"lTAL OF	PROPOSED UUUGET TO	WL'AL	GENEllAL		
																PUIU'OSE GOYERNMENt:  The Di!itrid	Mnnagcris hcrehy dit«i('ll	to submit :i.		
																ropyofthe Pmpose<l	TiuJgel to the CilyofDa\·enport	nnd Folk Collnl)' Rt	lelil 60		
																ili\)-:i prior to thr-	heo11in~se1	;iJ10\'e.							In :!Cl'Ulllnnt:t'	with	&'(:tion		
																5.	POSTLNG  OF	l'ltorosE.U	llUDUbl.					
																lll9.0I6, Flmida	St;i.tnte.~, tht> nt,tric-f~ Serl\ltnry is	1in1hncli11x·te<l to post the	ap-		
																pro\'<'tl l'ru11uscd	Bu.Jg1,1I	ou	thl! Distrid'swebsite nt	least two da)"$	before !he budget		
																heating	datt~n.., set forth	i11	Section a, nnJ shall rcm11in	on th._. \\1~h.,ile	fur nl	k;l.§t--1-5		

Unpfattl'rll.lnrl:	21::1'.! (,1ntkipo\ted	0.'.15	$23'2,U!t			
1		lots)						
Singlel ,'llnil}'							
'l he Jlropo~rl o..t..-~I	A%~:s.~me11 l1 n.~-~t.1t~'fl tndndc tol!et..·lion co5ts nnd/or f',1rlrp.1)"·		
monttlismnnu, which P11lk Cutmly("County") mny impose nn a.,c;('_,;.,rncntstlrnt.1rn		
rullrcte(I un	!ltcCuuntyt;"L,;: hill,	Morco\'N, ptmm:ant In Section 197~16:l'.J(4),Flarida		
Stulut,.'(. lhl' Jil'n nmmmt :.hall ~mi as	thH "maxinmltl r.,ttt authoritJctl hy faw for		
O&!-,l A."Jic:;..,;mr-nL-.,	such that	no ;issr.Hment he,tring !>hall he- helt.1  or nulit-t! pn>·		
,id~l in li11ure)'i:'.1rs	uni<'$.~ the	;'l'it<'.'i.\tneUL-i art• proprucd to he incrc,\.~ed i1rnnothN		
rrilerion \\ithin S(<ctk1n 197.:1@2(4), Fforitl,r Sffftuta, is nt(<L Note that !ht> O&M		
A'i!ic.,:o;m~nls do no! inrhufo nuy rlrht .:SCtYicc M5C'5lllll'lll.'> pr<'\iou.'11)' h•\-'ktl by th<'		
nl~trfot nnrl	rlnC' to be 1.,1l!ected for l1ist~.tJYe.u·201S/:ZOl!J.			
For Fi!.C,.1]	Ye,u 20lfi/20l9. thl' J)i.~lrict intends lo !um the County ta..'t mllector		
rolled thr- asst-ssll\l!lll.-i impusetl uncertnin do\l.'lupNI prupt"t1.); and ,,,_iU ditt'{'tlytol-		
lr-ct the :a....~n'imenlsimpnwdcm the mnaining henclltted property hyseuJingout .i.		
bill prior to, or<lurin,::, Nowmher 2018,	ll j::; lnlporlaut lo payyn11rn.~.c;s111e11l	he•		
mu~ f.tilureto [U)'\\ill u,u~ .1				-h		
	lns«rtinmtc tu he k~n«l ngnini;t1hC'proprr1ywltic		
111;i.yre,,71lt in ln1-c; oftil1e, orfnr<lirec1 hilkd a.<..Sr.,;,.,mcn!J;, mny fl":5Ult inn (or,:,dosmc		
~nne :l~i .July ti, '.!Ott.						

				HOLLY Hill ROAD EAST COD			
				RRSOI.lITION	201~·13			
	A RESOI.Ul'[ON'  OF THE  HOAI\D	CW  SUPER\'ISOH~  OF THE		
	1101.1.Y	Hll.L	KOAll	!~I.IT   COMMUNl'IY   OEVEUlPMENT		
	nI~'TRttlAPPROVING PROPOSED	IlUDGETii FOR FISCAL \r.An		
	201H/WHl:  DECLARING	SPECIAL	1\$SrnSMF..i'rl:~  TO	FUND		
	THE	rnorosEO BUDGETS PURSUAi.W TO CHAPTERS	170, 190		
	AND	197,	FLOftlDA STATlITES;	SE'TTrNG PUDf,fC  HEARINGS;		
	ADDRESSING	PUOI.tCATION;	ADORF-'{SING  SEVP.RABII.ITT';		
	~\ND	PltOVIUING AN EFFl!CTIVE DATE.			
\\'l-IEREAS, the Di~trict Mnnoger h.is heretorore prep,:trit<l nnd $uh mined lo the	
Ho,url ,,f Supcni.!<,r.i; ruoarcn of the Holly	Hill Hcwl l!rul Communily l)e.wlop-	
mrnt Distrkt("nishirt} prior loJuue Hi,	201R, 11mpMerl huJgcls (·P1opnS('(l	Butl-	
get1	for the lisl",·d Yl'ilf lieginning o..~tc1hcr1,	2016 nnrl ending Sc<11tcmhcr 30,	201~	

J;i.JS.	PUBLICATION 011 NOTICI!.  The lllstrkt shA.11 cau$C thb ltr,.sofution		
6,			
to ho puhlislll'd onrc a WC't'k for a JU,•riud o[hn,wcd;.,1 in ,t l\l'\\'5)1:l)X'l"uf gem,ml dr-		
culntion publishr-J in Polk County. AJdiliunnlly, notire orthr- puhlk hr-.11ings sh.:iU		
hl'publlshf'd in the mo.mm prest1ibed In Jilorida lm,:			
7.	SE\'i:RABILln·. 111chwnJldityurmw11fofl't'nhilityornnyonC1ormun~		
pro,isions or1his kesolntion slrnll not ;1ffert the ,·n1idi1r or enforceahilitrorthe	re-		
1naJningpurtio11s:ofthis Re.solution, or any p.,rt then.>of.			
8.	EfFECflVE DATE.  Thh llcsolnlion .:shnll  lake <'ffCl."I  immNintdy		
upon :irlnplion.			
PASSE[) AND ADOIT[EDTHIS 11j!h lMY OF ?i.lAY, :Wl8,			
	HOLLY HJLLROAU li,\ST			
	COMMUNITY DEVEI.OPMFNr DISTRICT		
_Js/JnncGt1.u-lnnJt____ _)1/lknnir	Hcath,~~	-~---	
Sr-crelnry	Chnhprrsnn, Uoanl ofSupimisors	
			HHH141K	

DUKE					
ENERGY®				
FOR CUSTOMER SERVICE	OR		
PAYMENT LOCATIONS CALL:		
1-877-372-8477					
WEB SITE: www.duke	-energy.com		
					
TO REPORT A POWER	OUTAGE:		
1-800-228-8405					

STATEMENT	OF	ELECTRIC	SERVICE	66949 31127		

							
		JUNE2018					
HOLLY HILL	ROAD	EAST CDD	DUE DATE	TOTAL AMOUNT DUE		
			JUL 13 2018		24.59		
ATTN:	JOE  MCCLAREN					
						
12051	CORPORATE  BLVD		DEPOSIT	AMOUNT		
ORLANDO		FL  32817	NE){T READ				
							
			DATE ON OR	ON ACCOUNT		
SERVICE ADDRESS				
	ABOUT				
290  CITRUS	ISLE  LOOP  LIFT	JUL 24 201!1	240.00			
DAVENPORT		FL  33837					

PIN:  568174431			
METER READINGS			
METER  NO.	000161865		
PRESENT		IACTUALJ	000137		
PREVIOUS		!ACTUAL!	000071		
DIFFERENCE		000066		
PRESENT	ONPEAK	000018		
PREVIOUS	ONPEAK	000009		
DIFFERENCE	ONPEAK	000009		
TOTAL  KWH		66		

PAYMENTS	RECEIVED	AS	OF	JUN	07	2018	86.32	THANK	YOU		

GS-1		060	GENERAL	SERVICE	-	NON	DEMAND	SEC		
BILLING  PERI0D	..	05-22-18	TO	06-21-18	30	DAYS	11.67		
CUSTOMER	CHARGE												
							66	KWH@	7.20400¢	4.75		
ENERGY  CHARGE												
										2.73		
FUEL	CHARGE							66	KWH@	4.13200¢			
											0.13		
ASSET	SECURITIZATION	CHARGE	66	KWH@	0.19700¢			

*TOTAL  ELECTRIC	COST										
GROSS	RECEIPTS	TAX		FEE								
MUNICIPAL	FRANCHISE									
MUNICIPAL	UTILITY	TAX	ON	ELECTRIC						
STATE	AND	OTHER	TAXES								

19.28 .49 1.27 1.88 1.67

ON

PEAK

KWH

9

TOTAL  CURRENT	BILL			
TOTAL	DUE	THIS	STATEMENT		

24.59

$24.59

7 6 5 4 3 2

Payment of	this statement within 90 days from	the billing	date will	
avoid a 1 %	late charge being	applied to this account.		
			l		

DAILY

J	J	
AVG.	

A  S	O  N  D	J	
ENERGY USE	
USE	-		

F  M A M J

---- 2 KWH/DAY

USE  ONE	VEAR	AGO	-	
*DAILY	AVG.	ELECTRIC	

COST

0 -

KWH/DAY $.64

BF

_BL_DEF_20180621_211402_1.CSV-38782-000007814

DETACH

AND.

RETURN

THIS

SECTION

ZP03

0001•129

Make	checks payable	to:  Duke Energy							
														
ACCOUNT	NUMBER·	66949 31127									
														
038782	000007814												
11	1111	l11	1	1	1	1	1		111	1	1	11	1	11	ll	11111	l		
			1•1	11	•1•11	111•	1hl		••  •1	1•l1l11ll		1	1					
HOLLY HILL ROAD EAST COD									
ATTN: JOE MCCLAREN												
12051 CORPORATE BLVD										
ORLANDO FL 32817-1450											

		tli		
	ilj!il~{[9:gf;Q~mi~){t~f		
	1			
		JUL 13 2018		
P.O.  BOX	1004			
CHARLOTTE,			
NC 2!1201-1004-	24.591		
				
		PLEASE ENTER		
		AMOUNT PAID		
		I		

669493112720000000245960000000000000000000245960100000000009

1--lopping Green &

Attorneys and Counselors

Sams

119

S.

Monroe Street, Ste.

P.O. Box 6526

300

Tallahassee,

FL

32314

850.222.7500

=================================

STATEMENT

=================================

Holly Hill Road East CDD c/o Fishkind & Associates 12051 Corporate Blvd. Orlando, FL 32817

June

25,

2018 Bill Billed

Number	101025	
through	05/31/2018	

General Counsel/Monthly Meeting		
HHECDD	00001	RVW		
FOR PROFESSIONAL SERVICES RENDERED		
05/02/18	SRS	Conduct	follow-up regarding fiscal year 2018-2019 budget.		

0.10

hrs

05/03/18	RVW		
05/03/18	SRS		
05/04/18	RVW		
05/07 /18	SRS		
05/08/18	SRS		
05/09/18	SRS		
05/10/18	SRS		
05/14/18	RVW		
05/15/18	SRS		
			
05/15/18	AHJ		
05/16/18	JEM		
05/16/18	SRS		
05/16/18	AHJ		
05/17/18	SRS		
05/21/18	APA		

Confer with Shapiro regarding Pulte release.			
Attend development status conference call; prepare landscape maintenance		
agreement; conduct follow-up regarding same.			
Review correspondence from Shapiro regarding redemption; confer with			
Gaarlandt regarding meeting.				
Prepare budget approval resolution; confer with Gaarlandt regarding same;		
review meeting minutes and draft agenda; prepare resolution to extend			
supervisor terms.				
Review draft agenda and minutes.				
Prepare documents for board meeting; confer with Gaarlandt regarding	draft		
			
agenda and minutes.				
Review proposed budget and assessments; attend development status call.		
Confer with Shapiro regarding Pulte documents.			
Prepare for and travel to board meeting.			
Prepare addendum to fence installation agreement.			
Review issues regarding satisfaction of mortgage.			
Prepare for and attend board meeting;	conduct follow-up regarding same;		
				
return travel.				
Prepare addendum to fence installation agreement; prepare updates to			
development status chart.				
Conduct follow-up regarding meeting; attend development status call.			
Prepare auditor response letter.				

0.30

1.20

0.40

1.30

0.60

0.90

0.80

0.70

3.80

0.60

0.20

4.70

0.30

0.30

1.20

hrs

hrs

hrs

hrs

hrs

hrs

hrs

hrs

hrs

hrs

hrs

hrs

hrs

hrs

hrs

General Counsel/Monthly Meetin

Bill

No.

101025

Page	2	

========-----	====-------	====-------	=====----	=-===--------------------------------------	

05/23/18

JLE

Review auditor request letter and draft response; follow-up regarding same.	0.20 hrs	

05/24/18

SSW

Prepare for and attend development status conference call.

0.30 hrs

05/24/18

05/30/18

AHJ	Confer with Gaarlandt regarding resolution approving budget; prepare updates	
	to development status chart; attend development status conference call;	
	prepare mailed and published notices.	
SRS	Prepare fiscal year 2018-2019 budget and assessment hearing documents.	
Total fees for this matter	

0.90 hrs

1.10 hrs

$4,641.50

DISBURSEMENTS

Document Reproduction

Travel

Travel - Meals

Conference Calls

Total disbursements for this matter

122.00 244.00 42.54 8.85

$417.39

MATTER SUMMARY		
Jaskolski, Amy H.	- Paralegal	
Papp, Annie M. - Paralegal	
Merritt, Jason E.		
Earlywine, Jere L.		
Van Wyk, Roy		
Sandy, Sarah R.		
Warren, Sarah S.		
	TOTAL FEES	
	TOTAL DISBURSEMENTS	
TOTAL CHARGES FOR THIS MATTER	
BILLING SUMMARY		
Jaskolski, Amy H.	- Paralegal	
Papp, Annie M. -	Paralegal	
Merritt, Jason E.		
Earlywine, Jere L.	
Van Wyk, Roy		
Sandy, Sarah R.		
Warren, Sarah S.		
	TOTAL FEES	
	TOTAL DISBURSEMENTS	
TOTAL CHARGES FOR THIS BILL	

1.80	hrs	125	/hr	$225.00	
1.20	hrs	125	/hr	$150.00	
0.20	hrs	345	/hr	$69.00	
0.20	hrs	320	/hr	$64.00	
1.40 hrs	310	/hr	$434.00	
14.80	hrs	245	/hr	$3,626.00	
0.30	hrs	245	/hr	$73.50	
				$4,641.50	
				$417.39	
				----------------	
				$5,058.89	

1.80	hrs	125	/hr	$225.00	
1.20	hrs	125	/hr	$150.00	
0.20	hrs	345	/hr	$69.00	
0.20	hrs	320	/hr	$64.00	
1.40	hrs	310	/hr	$434.00	
14.80	hrs	245	/hr	$3,626.00	
0.30	hrs	245	/hr	$73.50	
				$4,641.50	
				$417.39	
				----------------	
				$5,058.89	

General Counsel/Monthly Meetin

Bill No.  101025

Please include the bill number on vour check.

Page	3	

Holly

Hill

Road

East

Community

Development District

Monthly Financials

Holly Hill Road East COD

Statement of Financial Position

As of 6/30/2018

	General Fund	Debt Service	Capital Projects	Long-Term	Total	
		Fund	Fund	Debt		
		Assets				
Current Assets						
General Checking Account	$67,173.50				$67,173.50	
Accounts Receivable - Due from Developer	9,500.00				9,500.00	
Deposits	720.00				720.00	
Debt Service Reserve A 1 Bond		$132,279.69			132,279.69	
Revenue A1 Bond		102,338.12			102,338.12	
Interest A 1 Bond		49.74			49.74	
Prepayment A 1 Bond		415,521.48			415,521.48	
Redemption Account A 1 Bond		81.25			81.25	
Acquisition/Construction A1 Bond			$83,964.09		83,964.09	
Total Current Assets	$77,393.50	$650,270.28	$83,964.09	$0.00	$811,627.87	
Investments						
Amount Available in Debt Service Funds				$650,270.28	$650,270.28	
Amount To Be Provided				3,359,729.72	3,359,729.72	
Total Investments	$0.00	$0.00	$0.00	$4,010,000.00	$4,010,000.00	
Total Assets	$77,393.50	$650,270.28	$83,964.09	$4,010,000.00	$4,821,627.87	
	Liabilities and Net Assets				
Current Liabilities						
Accounts Payable	$5,877.01				$5,877.01	
Accounts Payable			$20,016.96		20,016.96	
Retainage Payable			67,520.94		67,520.94	
Deferred Revenue			9,500.00		9,500.00	
Total Current Liabilities	$5,877.01	$0.00	$97,037.90	$0.00	$102,914.91	
Long Term Liabilities						
Revenue Bonds Payable - Long-Term				$4,010,000.00	$4,010,000.00	
Total Long Term Liabilities	$0.00	$0.00	$0.00	$4,010,000.00	$4,010,000.00	
Total Liabilities	$5,877.01	$0.00	$97,037.90	$4,010,000.00	$4,112,914.91	
Net Assets						
Net Assets, Unrestricted	$147,713.59				$147,713.59	
Current Year Net Assets, Unrestricted	(138,213.59)				(138,213.59)	
Net Assets - General Government	(12,786.57)				(12,786.57)	
Current Year Net Assets - General Government	74,803.06				74,803.06	
					0.00	
Current Year Net Assets, Unrestricted		650,270.28			650,270.28	
Net Assets, Unrestricted			($189,605.94)		(189,605.94)	
Current Year Net Assets, Unrestricted			573,520.98		573,520.98	
					0.00	
Current Year Net Assets - General Government			($396,988.85)		(396,988.85)	
Total Net Assets	$71,516.49	$650,270.28	($13,073.81)	$0.00	$708,712.96	

Total Liabilities and Net Assets	$77,393.50	$650,270.28	$83,964.09	$4,010,000.00	$4,821,627.87

Holly Hill Road East COD

Statement of Activities

As of 6/30/2018

		General Fund	Debt Service	Capital Projects	Long-Term	Total	
			Fund	Fund	Debt		
	Revenues						
	Off-Roll Assessments	$59,857.68				$59,857.68	
	Developer Contributions	82,400.00				82,400.00	
	Inter-Fund Transfers In	(138,213.59)				(138,213.59)	
	Other Assessments		$517,578.65			517,578.65	
	Inter-Fund Group Transfers In		150,049.74			150,049.74	
	Debt Proceeds		224,773.88			224,773.88	
	Developer Contributions			$14,262.50		14,262.50	
	Inter-Fund Transfers In			(21,898.66)		(21,898.66)	
	Debt Proceeds			3,493,602.82		3,493,602.82	
	Total Revenues	$4,044.09	$892,402.27	$3,485,966.66	$0.00	$4,382,413.02	
	Expenses						
s	Supervisor	$7,800.00				$7,800.00	
	D&O Insurance	2,250.00				2,250.00	
	Management	15,000.03				15,000.03	
	Engineering	2,960.00				2,960.00	
	District Counsel	25,491.45				25,491.45	
	Audit	2,000.00				2,000.00	
	Telephone	8.44				8.44	
	Postage & Shipping	140.99				140.99	
	Copies	422.40				422.40	
	Legal Advertising	4,243.58				4,243.58	
	Miscellaneous	672.62				672.62	
	Web Site Maintenance	3,125.00				3,125.00	
	Dues, Licenses, and Fees	175.00				175.00	
	Electric	415.11				415.11	
	General Insurance	2,750.00				2,750.00	
	Principal Payment - A3 Bond		$150,000.00			150,000.00	
	Interest Payments - A 1 bond		93,404.33			93,404.33	
	Trustee Services			$4,501.00		4,501.00	
	Management			23,000.00		23,000.00	
	Engineering			50,649.80		50,649.80	
	District Counsel			131,662.61		131,662.61	
	Trustee Counsel			5,000.00		5,000.00	
	Bond Counsel			42,500.00		42,500.00	
	Developer Advance Repayment			396,988.85		396,988.85	
	Landscaping Maintenance & Material			131,971.00		131,971.00	
	Contingency			2,531,307.74		2,531,307.74	
	Total Expenses	$67,454.62	$243,404.33	$3,317,581.00	$0.00	$3,628,439.95	
	Other Revenues {Expenses} & Gains {Losses)						
	Interest Income		$1,272.34			$1,272.34	
	Interest Income			$8,146.47		8,146.47	
	Total Other Revenues (Expenses) & Gains (Losses)	$0.00	$1,272.34	$8,146.47	$0.00	$9,418.81	
	Change In Net Assets	($63,410.53)	$650,270.28	$176,532.13	$0.00	$763,391.88	
	Net Assets At Beginning Of Year	$134,927.02	$0.00	($189,605.94)	$0.00	($54,678.92)	
	Net Assets At End Of Year	$71,516.49	$650,270.28	($13,073.81)	$0.00	$708,712.96	

Holly Hill Road East CDD

Budget to Actual

For the Month Ending 6/30/2018

				Year To Date					
								FY 2018	
		Actual		Budget		Variance		Adopted	
								Budget	
Revenues									
Off-Roll Assessments	$	59,857.68	$		$	59,857.68	$		
Developer Contributions		82,400.00		135,000.00		(52,600.00)		180,000.00	
Net Revenues	$	142,257.68	$	135,000.00	$	7,257.68	$	180,000.00	
General & Administrative Ex12enses									
Supervisor Fees	$	7,800.00	$	4,500.00	$	3,300.00	$	6,000.00	
D&O Insurance		2,250.00				2,250.00			
Trustee Services				4,500.00		(4,500.00)		6,000.00	
Management		15,000.03		15,000.03				20,000.00	
Engineering		2,960.00		11,250.00		(8,290.00)		15,000.00	
Dissemination Agent				3,750.03		(3,750.03)		5,000.00	
District Counsel		25,491.45		18,749.97		6,741.48		25,000.00	
Audit		2,000.00		4,500.00		(2,500.00)		6,000.00	
Travel and Per Diem				375.03		(375.03)		500.00	
Telephone		8.44		150.03		(141.59)		200.00	
Postage & Shipping		140.99		225.00		(84.01)		300.00	
Copies		422.40		375.03		47.37		500.00	
Legal Advertising		4,243.58		6,000.03		(1,756.45)		8,000.00	
Bank Fees				187.47		(187.47)		250.00	
Miscellaneous		672.62		824.85		(152.23)		1,100.00	
Web Site Maintenance		3,125.00		2,175.03		949.97		2,900.00	
Dues, Licenses, and Fees		175.00		187.47		(12.47)		250.00	
Electric		415.11				415.11			
Aquatic Contract				9,000.00		(9,000.00)		12,000.00	
General Insurance		2,750.00		4,500.00		(1,750.00)		6,000.00	
Landscaping Maintenance & Material				48,750.03		(48,750.03)		65,000.00	
Total General & Administrative Expenses	$	67,454.62	$	135,000.00	$	(67,545.38)	$	180,000.00	
Total Expenses	$	67,454.62	$	135!000.00	$	(67,545.38)	$	180!000.00	
Net Income (Loss)	$	74,803.06	$		$	74,803.06	$