Holly Hill Road East
Community Development District
12051 Corporate Boulevard, Orlando, FL 32817; 407-723-5900 www.hollyhillroadeastcdd.com
The following is the proposed agenda for the meeting of the Board of Supervisors for the Holly Hill Road East Community Development District, scheduled to be held Wednesday, November 20, 2019 at 10:00 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 gaarlandtj@pfm.com or (407) 723-5900. As always, the personal attendance of three (3) Board Members will be required to constitute a quorum.

If you would like to attend the Board Meeting by phone, you may do so by dialing: Call-in Number:  1-844-621-3956	Access Code: 790 393 986 #

PROPOSED BOARD OF SUPERVISORS’ M EETING AGENDA

Administrative Matters
Roll Call to Confirm Quorum
Public Comment Period [for any members of the public desiring to speak on any proposition before the Board]
Administration of the Oath of Office to Newly Elected Board Members
Consideration of Resolution 2020-02, Canvassing and Certifying the Results of the Landowners’ Election
Consideration of Resolution 2020-03, Appointing District Officers
Consideration of the Minutes of the October 16, 2019 Board of Supervisors’ Meeting and the November 5, 2019 Landowners Meeting

Business Matters
Consideration of Financing Matters Relative to Phase 3 & 4 Projects, Series 2020 Bonds
MSRB Rule G-17 Disclosure Letter, FMS Bonds
Other Matters (provided under separate cover)
Consideration of Resolution 2020-04, Adopting a Fiscal Year 2018-2019 Amended O&M
Budget
Consideration of Bids for Construction Services (provided under separate cover)
Phase 3, Citrus Landing
Phase 4, Citrus Reserve
Ratification of Payment Authorization Nos. 93 – 97
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

Resolution 2020-02

RESOLUTION 2020-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE HOLLY HILL ROAD EAST COMMUNITY DEVELOPMENT DISTRICT CANVASSING AND CERTIFYING THE RESULTS OF THE LANDOWNERS ELECTION OF SUPERVISORS HELD PURSUANT TO SECTION 190.006(2), FLORIDA STATUTES, AND PROVIDING FOR AN EFFECTIVE DATE

WHEREAS, the Holly Hill Road East Community Development District (hereinafter the "District") is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within the City of Davenport, Florida; and
WHEREAS, pursuant to Section 190.006(2), Florida Statutes, a landowners meeting is required to be held within 90 days of the District's creation and every two years following the creation of the District for the purpose of electing supervisors of the District; and

WHEREAS, such landowners meeting was held on November 5, 2019, the Minutes of which are attached hereto as Exhibit A, and at which the below recited persons were duly elected by virtue of the votes cast in his/her favor; and

WHEREAS, the Board of Supervisors of the District, by means of this Resolution, desire to canvas the votes and declare and certify the results of said election.

NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE HOLLY HILL ROAD EAST COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. The following persons are found, certified, and declared to have been duly elected as Supervisor of and for the District, having been elected by the votes cast in their favor as shown:

Lauren Schwenk Andrew Rhinehart Patrick Marone

Seat   3
Seat 4
Seat 5

Votes  	,.:::3...!.4__ Votes  	_.,,2�0 	 Votes  	..:::3...!.4__

SECTION 2. In accordance with Section 190.006(2), Florida Statutes, and by virtue of the number of votes cast for the Supervisor, the above-named person is declared to have been elected for the following term of office:

Lauren Schwenk Patrick Marone Andrew Rhinehart

4 Year Term
4 Year Term
2 Year Term

SECTION 3. This resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED this -- day of 	, 2019.
AITEST:	HOLLY HILL ROAD EAST COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Vice/Chairperson, Board of Supervisors

Holly Hill Road East   Community Development District

Resolution 2020-03

RESOLUTION 2020-03
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE HOLLY HILL ROAD EAST COMMUNITY DEVELOPMENT DISTRICT ELECTING THE OFFICERS OF THE DISTRICT, AND PROVIDING FOR AN EFFECTIVE DATE
WHEREAS, the Holly Hill Road East Community Development District (hereinafter the "District") is a local unit of special�purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

WHEREAS, pursuant to Section 190.006(6), Florida Statutes, as soon as practicable after each election or appointment to the Board of Supervisors (the "Board"), the Board shall organize by electing one of its members as chair and by electing a secretary, and such other officers as the Board may deem necessary.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE HOLLY HILL ROAD EAST COMMUNITY DEVELOPMENT DISTRICT:

Section 1.	is elected Chairman.
Section 2.	is elected Vice Chairman.

Section 3.

is elected Secretary.
 	_ 	_ 	is elected Assistant Secretary.
is elected Assistant Secretary.
 	is elected Assistant Secretary.
is elected Assistant Secretary.

Section 4. 	is elected Treasurer.
Section 5.	is elected Assistant Treasurer.
Section 6. All Resolutions or parts of Resolutions in conflict herewith are hereby repealed to the extent of such conflict.
Section 7. This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED THIS 20TH DAY OF NOVEMBER, 2019.

ATTEST:

Secretary/Assistant Secretary

HOLLY HILL ROAD EAST COMMUNITY DEVELOPMENT DISTRICT

Chairman, Board of Supervisors

Holly Hill Road East   Community Development District

Minutes

MINUTES OF MEETING
HOLLYHILL ROAD EAST COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS' MEETING
Wednesday, October 16, 2019 at 10:02 a.m. Offices of Cassidy Homes
346 East Central Ave., Winter Haven, Florida 33880

Board Members present at roll call:

Rennie Heath Andrew Rhinehart Lauren Schwenk Patrick Marone Scott Shapiro

Also Present:

Board Member Board Member Board Member Board Member Board Member

(via phone)

Jane Gaarlandt Dexter Glasgow Sonali Patil
Roy Van Wyk

FIRST ORDER OF BUSINESS

PFM PFM
PFM	(via phone)
Hopping Green & Sams, P.A.	(via phone)

Call to Order and Roll Call

The meeting was called to order approximately at 10:02 a.m. Those in attendance are outlined above.

SECOND ORDER OF BUSINESS

There were no members of the public present.

THIRD ORDER OF BUSINESS

Public Comment Period

Consideration of the Minutes of the August 21, 2019 Board of Supervisors' Meeting

The Board reviewed the Minutes of the August 21, 2019 Board of Supervisors' Meeting.

Page 1 of 4

On MOTION by Mr. Heath, seconded by Ms. Schwenk, with all in favor, the Board approved the Minutes of the August 21, 2019 Board of Supervisors' Meeting.

FOURTH ORDER OF BUSINESS		Public Hearing on the Adoption of the Amended and restated Rules of Procedure
Public Comments and Testimony
Board Comments
Consideration of Resolution 2020.. 01, Adopting the Amended and Restated Rules of Procedure

Ms. Gaarlandt requested a motion to open the public hearing.

On MOTION by Mr. Heath, seconded by Ms. Schwenk, with all in favor, the Board opened the Public Hearing.

There were no members of the public present. Ms. Gaarlandt requested a motion to close the public hearing.

On MOTION by Mr. Heath, seconded by Ms. Schwenk, with all in favor, the Board closed the Public Hearing.

Ms. Gaarlandt presented Resolution 2020-01 to the Board for review and approval.

On MOTION by Mr. Heath seconded by Mr. Rhinehart, with all in favor, the Board approved Resolution 2020-01, Adopting the Amended and Restated Rules of Procedure.

FIFTH ORDER OF BUSINESS

Consideration of the RFP for Construction Services for Citrus landing and Citrus Reserve

Page2 of 4

Mr. Marone stated that the RFPs for both will be ready for pick up Wednesday. There is a request to have it bid separately and together.

District staff discussed the deadlines. November 6, 2019 is the deadline to ask questions. Bids are due November 22, 2019 at 5:00 p.m. and will be opened and read. The Board will consider the proposals a week later.

Mr. Heath asked if there is language in the RFP about a deadline to challenge the bids. Mr. Van Wyk responded yes. It is a 72 hour deadline. Bidders have an opportunity to challenge bid documents and an opportunity to challenge bids once they are open and awarded. Both have a 72 hour deadline.

On MOTION by Mr. Heath, seconded by Mr. Rhinehart, with all in favor, the Board approved the RFP for Construction Services for Citrus landing and Citrus Reserve and authorize District Staff to proceed.

SIXTH ORDER OF BUSINESS		Consideration of Proposal & Agreement between the District and VGlobalTech for Website Auditing Services

Ms. Gaarlandt presented the Proposal & Agreement that outline the Website Auditing Services.

On MOTION by Ms. Schwenk, seconded by Mr. Heath, with all in favor, the Board approved the Proposal & Agreement between the District and VGlobalTech for Website Auditing Services.

SEVENTH ORDER OF BUSINESS	Ratification of Lease Agreement between the District and Navitas for Shade Structure

Ms. Gaarlandt explained that this is the agreement for the Shade Structure that was previously approved by the Board.

On MOTION by Mr. Heath, seconded by Mr. Rhinehart, with all in favor, the Board ratified the Lease Agreement between the District and Navitas for Shade Structure.

EIGHTH ORDER OF BUSINESS

Ratification of Payment Authorization Nos. 85-92

Page 3 of 4

The Board reviewed payment authorizations numbers 85 - 92.

On MOTION by Ms. Schwenk, seconded by Mr. Rhinehart, with all in favor, the Board ratified Payment Authorization Nos. 85 - 92.

NINTH ORDER OF BUSINESS	Review of Monthly Financials

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

TENTH ORDER OF BUSINESS

District Counsel -	No Report District Engineer -	Not Present District Manager -	No Report

ELEVENTH ORDER OF BUSINESS

Staff Reports

Supervisor Requests and Audience Comments

There were no Supervisor requests or audience comments.

TWELFTH ORDER OF BUSINESS	Adjournment

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

ON MOTION by Mr. Heath, seconded by Mr. Rhinehart, with all in favor, the October 16, 2019 Board of Supervisors' Meeting for the Holly Hill Road East Community Development District was adjourned.

Secretary I Assistant Secretary	Chairman/ Vice Chairman
Page 4 of 4

MINUTES OF MEETING

HOLLYHILL ROAD EAST COMMUNITY DEVELOPMENT DISTRICT LANDOWNERS' MEETING
Tuesday, November 5, 2019 at 9:45 a.m. Offices of Cassidy Homes
346 East Central Ave., Winter Haven, Florida 33880

Present:

Rennie Heath Scott Shapiro Jane Gaarlandt Victoria Martinez

PFM PFM

(via phone)

Michelle Rigoni

FIRST ORDER OF BUSINESS

Hopping Green & Sams, P.A.	(via phone)

Call to Order and Roll Call

The meeting was called to order at 9:45 a.m. Those in attendance are outlined above.

SECOND ORDER OF BUSINESS	Appointment of Chairperson for the Purposes of Conducting the Landowners' Meeting

Ms. Gaarlandt, as District manager, served as the Chair for the District's Landowners' Meeting.

THIRD ORDER OF BUSINESS	Determination of Number of Voting Units Represented or Assigned by Proxy

The owners of the land within the District or any landowner proxy holders were asked to idenUfy themselves. Mr. Heath, as Proxy Holder for Citrus Reserve, LLC, a landowner within the District with 33.78 acres, presented a Landowner Proxy showing 34 authorized votes. There were no other Landowner or landowner representatives present.

FOURTH ORDER OF BUSINESS	Acceptance of Nominations for the Board of Supervisors

Ms. Gaarlandt noted that the three (3) seats up for election are Seat 3, currently held by Lauren Schwenk; Seat 4, currently held by Andrew Rhinehart; and Seat 5, currently held by Patrick Marone. The two candidates receiving the highest numbers of votes will serve 4-year terms, and the candidate receiving the next highest number will serve a 2-year term.

Ms. Gaarlandt opened the floor for nomination. Mr. Heath nominated Lauren Schwenk, Andrew Rhinehart, and Patrick Marone.

FIFTH ORDER OF BUSINESS	Casting of Ballots

Mr. Gaarlandt noted that Mr. Heath can cast up to 34 votes per candidate.
Mr. Heath cast 34 votes for Lauren Schwenk, 34 votes for Patrick Marone, and 20 votes for Andrew Rhinehart.

SIXTH ORDER OF BUSINESS		Ballot	Tabulations	and Announcement of Election Results

Ms. Schwenk was awarded 34 votes, Mr. Marone was awarded 34 votes, and Mr. Rhinehart was awarded 20 votes.
Ms. Schwenk and Mr. Marone will each serve a 4-year term, and Mr. Rhinehart will serve a 2-year term.

SEVENTH ORDER OF BUSINESS	Adjournment

Ms. Gaarlandt adjourned the Landowners' Election.

Holly Hill Road East   Community Development District

Financing Matters Phase 3 & 4 Projects,
Series 2019 Bonds
(provided under separate cover)

Holly Hill Road East  Community Development District

MSRB Rule G-17 Disclosure Letter

bondsfm■

Municipal Bond Specialists
October 30, 2019 Holly Hill Road East Community Development District
c/o PFM Group Consulting LLC
12051 Corporate Boulevard
Orlando, FL 32817 Attention: Ms. Jane Gaarlandt

Re: Holly Hill Road East COD, Series 2020 Bonds Dear Ms. Gaarlandt:
We are writing to provide you, as Holly Hill Road East Community Development District (the "Issuer"), with certain disclosures relating to the captioned bond issue (the "Bonds"), as required by the Municipal Securities Rulemaking Board (MSRB) Rule G-17 as set forth in MSRB Notice 2012-25 (May 7, 2012)1 (the "Notice").

The Issuer has engaged FMSbonds, Inc. ("FMS") to serve as underwriter, and not as a financial advisor or municipal advisor, in connection with the issuance of the Bonds. As part of our services as underwriter, FMS may provide advice concerning the structure, timing, terms, and other similar matters concerning the issuance of the Bonds. We may also have provided such advice as part of the process of seeking to be selected to serve as your underwriter. Any such advice was provided by FMS as an underwriter and not as your financial advisor in this transaction.

The specific parameters under which FMS will underwrite the Bonds will be set forth in a Bond Resolution adopted by the Board.

Pursuant to the Notice, we are required by the MSRB to advise you that:
MSRB Rule G-17 requires an underwriter to deal fairly at all times with both municipal issuers and investors.
The underwriter's primary role is to purchase the Bonds with a view to distribution in an arm's-length commercial transaction with the Issuer. As such, the underwriter has financial and other interests that differ from those of the Issuer.

Unlike a municipal advisor, the underwriter does not have a fiduciary duty to the Issuer under the federal securities laws and are, therefore, not required by federal law to act in the best interests of the Issuer without regard to their own financial or other interests.

1 Interpretive Notice Concerning the Application of MSRB Rule G-17 to underwriters of Municipal Securities (effective August 2, 2012).

The underwriter has a duty to purchase the Bonds from the Issuer at a fair and reasonable price, but must balance that duty with its duty to sell the Bonds to investors at prices that are fair and reasonable.

2

As underwriter, we will review the disclosure document for the Bonds in accordance with, and as part of, our responsibilities to investors under the federal securities laws, as applied to the facts and circumstances of this transaction.

The underwriter will be compensated by a fee and/or an fee that will be set forth in the bond purchase agreement to be negotiated and entered into in connection with the issuance of the Bonds. Payment or receipt of the underwriting fee or discount will be contingent on the closing of the transaction and the amount of the fee or discount may be based, in whole or in part, on a percentage of the principal amount of the Bonds. While this form of compensation is customary in the municipal securities market, it presents a conflict of interest since an underwriter may have an incentive to recommend a transaction that is unnecessary or to recommend that the size of a transaction be larger than is necessary.

Please note nothing in this letter is an expressed nor an implied commitment by us to provide financing or to purchase or place the Bonds or any other securities. Any such commitment shall only be set forth in a bond purchase agreement or other appropriate form of agreement for the type of transaction undertaken by you.

Further, our participation in any transaction (contemplated herein or otherwise) remains subject to, among other things, the execution of a bond purchase agreement (or other appropriate form of agreement), further internal review and approvals, satisfactory completion of our due diligence investigation and market conditions.
FMS is acting independently in seeking to act as an underwriter in the transactions contemplated herein and shall not be deemed for any purpose to be acting as an agent, joint venturer or partner of any other principal involved in the proposed financing. FMS assumes no responsibility, express or implied, for any actions or omissions of, or the performance of services by, the other underwriters in connection with the transactions contemplated herein or otherwise.
If you or any other Issuer representatives have any questions or concerns about these disclosures, please make those questions or concerns known immediately to the undersigned. In addition, Issuer should consult with its own financial, municipal, legal, accounting, tax and other advisors, as applicable, to the extent it deems appropriate.

l Under federal securities law, an issuer of securities has the primary responsibility for disclosure to investors. The review of the official statement by the underwriters is solely for pwposes of satisfying the underwriters' obligations under the federal securities laws and such review should not be construed by an issuer as a guarantee ofthe acclD'8Cy or completeness of the infonnation in the official statement

It is our understanding that you have the authority to bind the Issuer by contract with us, and that you are not a party to any conflict of interest re1ating to the subject transaction. If our understanding is incorrect, please notify the undersigned immediately.
The MSRB requires that we seek your acknowledgement that you have received this letter. Accordingly, please send me an email to that effect, or sign and return the enclosed copy ofthis letter to me at the address set forth above within five (5) business days of the date of this letter. Depending on the structure of the transaction that the Issuer decides to pursue, or if additional actual or perceived material conflicts are identified, we may be required to send you additional disclosures. At that time, we also will seek your acknowledgement of receipt of any such additional disclosures.
We look forward to working with you and the Issuer in connection with the issuance of th� Bonds, and we appreciate the opportunity to assist with your financing need. Thank you.
Si7

Jon�Kess�
FMSbonds, Inc.
Acknowledgement:
Holly Hill Road East Community Development District By:

Holly Hill Road East   Community Development District

Other Matters

(provided under separate cover)

Holly Hill Road East Community Development District

Resolution 2020-04

RESOLUTION  2020-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE HOLLY HILL ROAD EAST COMMUNITY DEVELOPMENT DISTRICT ADOPTING AN AMENDED GENERAL FUND BUDGET FOR FISCAL YEAR 2018/2019, PROVIDING FOR APPROPRIATIONS; ADDRESSING CONFLICTS AND SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS,  the  Holly  Hill   Road   East   Community   Development   District   (“District”) was established by an ordinance adopted by the City Commission of the  City  of  Davenport, Florida, pursuant to the Uniform Community Development District  Act  of  1980,  Chapter  190, Florida Statutes,  as  amended  (the  “Act”),  and  is  validly  existing  under  the  Constitution  and  laws of the State of Florida; and

WHEREAS, on July 18, 2018, the Board  of  Supervisors  (“Board”)  of  the  District, adopted Resolution 2018-14, providing for the adoption  of  the  District’s  operations  and maintenance budget for Fiscal Year 2018/2019 (“General Fund Budget”); and

WHEREAS, the District Manager, at  the  direction  of  the  Board,  has  prepared  an amended General Fund  Budget, to  reflect  changes  in  the  actual  appropriations  of  the  General Fund Budget; and

WHEREAS, the Board  finds that it  is  in  the  best  interest  of  the  District  and  its  landowners to amend the General Fund Budget to reflect the actual appropriations.

NOW, THEREFORE, BE IT RESOLVED BY THE  BOARD OF SUPERVISORS OF THE HOLLY HILL ROAD EAST COMMUNITY DEVELOPMENT DISTRICT:

BUDGET AMENDMENT.

The Board has reviewed the District Manager’s proposed amended General Fund Budget, copies of which are on  file  with  the  office  of the  District  Manager  and  at the District’s Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.

The General Fund Budget is hereby amended  in  accordance  with  Exhibit  A, attached hereto.

In accordance with section 189.016, Florida Statutes, the amended General Fund Budget shall be posted on the District’s official website within five (5) days after adoption and remain on the website for at least two (2) years.

APPROPRIATIONS. There is hereby appropriated out of the revenues of  the District, the fiscal year beginning October 1, 2018, and ending September  30,  2019,  the  sum set forth below, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year:

TOTAL GENERAL FUND	$ 		

CONFLICTS.  This  Resolution  is  intended  to  amend,  in  part,  Resolution  2018- 14, which remains in full force and effect except as  otherwise  provided  herein.  All  terms  of Resolution 2018-14 that are not amended by this Resolution apply to  the  Adopted  Budget,  as  defined in Resolution  2018-14,  as  if  those  terms  were   fully  set  forth  herein. All District resolutions or parts thereof in  actual  conflict  with  this  Resolution  are,  to   the  extent  of  such conflict, superseded and repealed.

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

EFFECTIVE DATE. This Resolution shall take effect as of November 20th,
2019.

Introduced, considered favorably, and adopted this 20th day of November, 2019.

ATTEST:	HOLLY HILL ROAD EAST
COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant  Secretary	Chairperson, Board of Supervisors

Exhibit  A:	Amended Fiscal Year 2018/2019 General Fund Budget

Exhibit  A
Amended Fiscal Year 2018/2019 Budget [See attached]

Holly Hill Road East CDD
FY 2019 O&M Adopted Budget (proposed revised)

Actual

Year To Date

FY 2019	Variance Adopted Budget

FY 2019
Adopted Budget (proposed revised)

Revenues		
On-Roll Assessments	$140,153.52		$	138,312.00		$	1,841.52		$140,153.52	
Off-Roll Assessments	47,770.89		47,688.00		82.89		47,770.89	
Other Income & Other Financing Sources	1,230.96		-		1,230.96		1,230.96	
Inter-Governmental Revenue (North Blvd CDD)	14,128.23		25,000.00		(10,871.77)		14,128.23	
Net Revenues	$	203,283.60		$	211,000.00		$	(7,716.40)		$ 203,283.60	

General & Administrative Expenses								
Supervisor Fees	$10,600.00		$	6,000.00		$	4,600.00		$10,600.00	
D&O Insurance	2,250.00		2,800.00		(550.00)		2,250.00	
Trustee Services	3,097.82		6,000.00		(2,902.18)		6,000.00	
Management	20,000.04		20,000.00		0.04		20,000.00	
Engineering	5,027.50		15,000.00		(9,972.50)		15,000.00	
Dissemination Agent	5,000.00		5,000.00		-		5,000.00	
Property Appraiser	4,010.25		-		4,010.25		4,010.25	
District Counsel	25,640.12		25,000.00		640.12		25,640.12	
Bond Counsel	1,250.00		-		1,250.00		1,250.00	
Assessment Administration	5,000.00		-		5,000.00		5,000.00	
Audit	6,000.00		6,000.00		-		6,000.00	
Travel and Per Diem	655.38		500.00		155.38		655.38	
Telephone	76.31		200.00		(123.69)		76.31	
Postage & Shipping	471.14		300.00		171.14		471.14	
Copies	1,272.00		500.00		772.00		1,272.00	
Legal Advertising	4,537.76		8,000.00		(3,462.24)		4,537.76	
Bank Fees	-		250.00		(250.00)		250.00	
Miscellaneous	3,352.44		5,100.00		(1,747.56)		3,352.44	
Playground Lease	13,142.24		-		13,142.24		13,142.24	
Property Taxes	64.08		-		64.08		64.08	
Web Site Maintenance	2,000.00		2,900.00		(900.00)		2,000.00	
Dues, Licenses, and Fees	175.00		250.00		(75.00)		175.00	
Total General & Administrative Expenses	$	113,622.08		$	103,800.00		$	9,822.08		$ 126,746.72	

Page 1 of 2

Holly Hill Road East CDD
FY 2019 O&M Adopted Budget (proposed revised)

Actual

Year To Date

FY 2019	Variance Adopted Budget

FY 2019
Adopted Budget (proposed revised)

Field Expenses		
General Insurance	$	2,750.00		$	3,100.00		$	(350.00)		$	2,750.00	
Irrigation	914.26		1,000.00		(85.74)		914.26	
Landscaping Maintenance & Material	16,594.00		20,000.00		(3,406.00)		16,594.00	
Flower & Plant Replacement	-		5,500.00		(5,500.00)		5,500.00	
Fertilizer / Pesticides	-		2,500.00		(2,500.00)		2,500.00	
Contingency	2,090.21		12,165.00		(10,074.79)		2,090.21	
Streetlights	11,535.44		9,792.00		1,743.44		11,535.44	
Total Field Expenses	$	33,883.91		$	54,057.00		$	(20,173.09)		$	41,883.91	

Cabana & Pool Expenses

Security	$	4,580.00		$	7,000.00		$	(2,420.00)		$	4,580.00	
Maintenance Staff	3,365.00		8,750.00		(5,385.00)		3,365.00	
Electric	6,782.66		11,083.00		(4,300.34)		10,029.27	
Clubhouse Electric	-		1,167.00		(1,167.00)		1,167.00	
Pool Electric	802.78		13,388.00		(12,585.22)		802.78	
Water	394.70		-		394.70		394.70	
Equipment Rental	295.00		-		295.00		295.00	
Cable Television	-		525.00		(525.00)		525.00	
Property & Casualty	2,824.00		3,500.00		(676.00)		2,824.00	
Other Insurance	2,744.00		-		2,744.00		2,744.00	
Equipment Repair & Maintenance	-		2,042.00		(2,042.00)		2,042.00	
Pest Control	148.30		583.00		(434.70)		148.30	
Signage & Amenities Repair	-		438.00		(438.00)		438.00	
Swimming Pools	5,797.91		4,667.00		1,130.91		5,797.91	
Total Cabana & Pool Expenses	$	27,734.35		$	53,143.00		$	(25,408.65)		$	35,152.96	

Total Expenses

  $	175,240.34

   $	211,000.00

   $	(35,759.66)

   $ 203,783.59

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$	499.99		-	$	499.99		$	499.99	
Total Other Revenues (Expenses) & Gains (Losses)	$	499.99		
$	-	$	499.99		$	499.99	
Net Income (Loss)	$	28,543.25		
$	-	$	28,543.25		$	-	

Page 2 of 2

Holly Hill Road East   Community Development District

Bids for Construction Services
(provided under separate cover)

Holly Hill Road East Community Development District

Payment Authorization No. 93 - 97

HOLLY HILL ROAD EAST
C O M M U N I TY D E VEL O P M E N T DISTRICT 

Payment Authorization No. 093
10/11/2019
Item	Vendor
No.

Invoice Number

General
Fund

Fiscal Year

1	Creative Association Services		
	August Landscaping Services	6219	$	1,166.00	F'f21118	
	October Landscaping Services	6295	$	1,166.00		
	October Amenity Landscaping Services	6296	$	500.00		
2	Duke Energy				
	Acct: 95745 35139 ; Service 09/0912019 - 10/0812019		$	837.91	F't2018	
		
TOTAL	
$	3,669.91		
			2,003.91	Pt 2019	
			1,666.00		

�-ber-----

PllaeltwllmTo:       Haly .. Raad EAII COD Cfol'lltlldnd& Aaloclllel
12051 Cotpcnlelb-,anl Oltando, Fl 32817

RECEIVED OCT 1 � 2019

HOLLY HILL ROAD EAST
COMMUN ITY DEVELOPMENT DIS TRICT 

Payment Authorization No. 094
10/18/2019
Item	Vendor
No.

Business Observer
Legal Advertising on 10/1112019, 10/18/2019

Invoice Number

19-01836K

Genen111I	Fiscal

-

Fund	Vear

--

$	188.12

Cityof Davenport
Acct: 9534 ; Service 09/05/2019 - 10/04/2019

Complete Pool Care

 	-

November Pool Service

13293

$	28.73	FY20111

$	1,525.00

Fuqua Janitorial Services

October Clubhouse Cleaning

Lemer Reporting Services
FY 2020 Annual Disclosure Fee

7923

187

TOTAL

$	1,105.00

$	6,500.00

$	9,3".85
FY201SI
9,318.12   -

■

PINseRatumTo:       Hally H Road Eatt COD c:io Flltlldnd & Auoc:lal8I 12051 Co!pcnte Bouteven1 Orllnclo, FL 32817

RECEIVED OCT 2 1 2019

HOLLY HILL ROAD EAST
COMMUN ITY DEVE LOPME NT DI STRICT 

Payment Authorization No. 095 10l'W2019
Item	Vendor
No.
Buainna Observer
Legal Advertising on 10/18/2019
Duke Energy
Acct: 42941 31323 ; Service 09/20/2019 - 09f30/2019
Acct: 42941 31323 ; Service 10/01/2019 • 10/21/2019

Navftaa Credit Corp.
Playground Lease Additional Documentation

Invoice Number

19-01896K

TOTAL

General Fund

$	131 .25

$	631.65
$	1,205.89

$	125.00

S	2,093.79

631.65
1 ,462.14

Fiscal
Year

-

FY201t

PINNRRIIIITo:
HalyHllfloNE8'1COD D'DFilhkhl& AleodaN 120!51 � lloulevlfd Orla'ldo. Fl 32817

HOLLY         HILL         ROAD          EAST C O M M U N I TY DEVELOP M E N T DISTRICT 

Payment Authorization No. 098
1 1/1/2019

No.
1	
Department of Economic Opportunity	Number	Fund	
	FY 2020 Special District Fee	74703	$	175.00	
2	Duke Energy
Acct: 31118 94380 ; Service 09/26/2019- 10/25/2019		
$	384.97	
	Acct: 65321 851 18 ; Service 09/30/2019 - 10/29/2019		$	29.01	
3	Hopping Gnten & Sams
General Counsel Through 09/30/2019	
1 10666	
$	835.85	
	Navltas
Playground Lease		
$	1 ,842.78	
5	Orkin
Pest Control	
191 1 12387	$	48.15	
6	PFM Group Consulting OM Fee: October 2019	
DM-10-2019-0036	$	1 ,866.87	
	Website Fee: October 2019	DM-10-2019-0037	$	125.00	
		
TOTAL	
$	4,707.43	
			635.85	
			4,071.58	

Item	Vendor

Invoice

General

--

Fiscal
Year

--

FY2019
--

 	-
FY201•

PleeNAllumTo:       Haly .. Road e.t coo do l'Wlldnd & Aaodalw 12051 Corpcnle� Orlando, FL 32117

RECEIVED NOV O � 2019

HOLLY HILL ROAD EAST
COMM UNI TY DEV ELOPMENT DISTRICT 

Payment Authorization No. 097
1 1/8/2019
Item	Vendor
No.

Duke Energy
Acct: 57840 25499 ; Service 10/03/2019 - 11/04/2019 Acct: 97939 61028 ; Service 10/03/2019 - 11/04/2019 Acct: 95745 35139 ; Service 10/08/2019 - 11/06/2019

The ledger
Legal Advertising on 10/09/2019

Wood & Associates
Citrus Landings News Chief Advertisement

Invoice Number

L060GOJ13N

430

TOTAL

General
Fund

$	32.89
$	16.46
$	837.91

$	341.84

$	65.75

$	1,294.85

1 ,294.85

Fiscal
Year

-
FV201t

�---

P!Mle!WumTo:
Holy Hill Rolld Elllt COO do Fllhldnd & Aaoclalw 1zos1 ear..,,..� Ollando, FL 32817

RECEIVED NOV 1 2 2019

Holly Hill Road East Community Development District

Monthly Financials

Holly Hill Road East CDD Statement of Financial Position As of 10/31/2019

General Fund

Debt Service Fund

Capital Projects Fund

Amenity Capital Projects Fund

Long-Term	Total Debt

Current Assets			Assets		
General Checking Account	$15,117.64										$15,117.64	
Accounts Receivable	1,006.56										1,006.56	
Accounts Receivable - Due from Developer	17,021.00										17,021.00	
Deposits	1,160.00										1,160.00	
Due From Other Funds			$470.63								470.63	
Debt Service Reserve A1 Bond			114,878.12								114,878.12	
Debt Service Reserve A2 Bond			63,371.88								63,371.88	
Revenue A1 Bond			104,398.12								104,398.12	
Revenue A2 Bond			27,047.02								27,047.02	
Interest A2 Bond			47,518.85								47,518.85	
Prepayment A1 Bond			3,367.80								3,367.80	
Prepayment A2 Bond			37,684.61								37,684.61	
Redemption Account A1 Bond			180.83								180.83	
Acquisition/Construction A2 Bond					$50.98						50.98	
Total Current Assets	$34,305.20		$398,917.86		$50.98		$0.00		$0.00		$433,274.04	

Investments												
Amount Available in Debt Service Funds									$398,447.23		$398,447.23	
Amount To Be Provided									4,986,552.77		4,986,552.77	
Total Investments	$0.00		$0.00		$0.00		$0.00		$5,385,000.00		$5,385,000.00	
Total Assets	$34,305.20		$398,917.86		$50.98		$0.00		$5,385,000.00		$5,818,274.04	

Liabilities and Net Assets

Current Liabilities Accounts Payable Accounts Payable Deferred Revenue
Total Current Liabilities

Long Term Liabilities

$2,944.02	$2,944.02
$41,933.50	41,933.50
17,021.00	17,021.00

$2,944.02	$0.00	$58,954.50	$0.00	$0.00	$61,898.52

Revenue Bonds Payable - Long-Term									$5,385,000.00		$5,385,000.00	
Total Long Term Liabilities	$0.00		$0.00		$0.00		$0.00		$5,385,000.00		$5,385,000.00	
Total Liabilities	$2,944.02		$0.00		$58,954.50		$0.00		$5,385,000.00		$5,446,898.52	

Net Assets
Net Assets, Unrestricted	

$72,718.04										

$72,718.04	
Current Year Net Assets, Unrestricted	(41,356.86)										(41,356.86)	
Net Assets, Unrestricted			$398,917.86								398,917.86	
Current Year Net Assets, Unrestricted			0.00								0.00	
Net Assets, Unrestricted					($58,903.52)						(58,903.52)	
Current Year Net Assets, Unrestricted					0.00						0.00	
Total Net Assets	$31,361.18		$398,917.86		($58,903.52)		$0.00		$0.00		$371,375.52	
												
Total Liabilities and Net Assets	$34,305.20		$398,917.86		$50.98		$0.00		$5,385,000.00		$5,818,274.04	

Page 1 of 1

Holly Hill Road East CDD
Statement of Activities As of 10/31/2019

General Fund	Debt Service
Fund

Capital Projects Fund

Amenity Capital Projects Fund

Long-Term Debt

Total

Revenues

Other Income & Other Financing Sources	$583.31	$583.31
Total Revenues	$583.31	$0.00	$0.00	$0.00	$0.00	$583.31

D&O Insurance	$2,306.00										$2,306.00	
Trustee Services	619.56										619.56	
Dissemination Agent	6,500.00										6,500.00	
Assessment Administration	12,500.00										12,500.00	
Legal Advertising	424.37										424.37	
Leased Space	125.00										125.00	
Maintenance Staff	1,105.00										1,105.00	
Electric	1,205.89										1,205.89	
Amenity - Pest Control	48.15										48.15	
General Insurance	2,819.00										2,819.00	
Property & Casualty	9,357.00										9,357.00	
Landscaping Maintenance & Material	1,666.00										1,666.00	
Contingency	214.20										214.20	
Swimming Pools	3,050.00										3,050.00	
Total Expenses	$41,940.17	$0.00	$0.00	$0.00		$0.00		$41,940.17	
Total Other Revenues (Expenses) & Gains (Losses)	$0.00		$0.00		$0.00		$0.00		$0.00		$0.00	

Change In Net Assets	
($41,356.86)		
$0.00		
$0.00		
$0.00		
$0.00		
($41,356.86)	

Net Assets At Beginning Of Year	
$72,718.04		
$398,917.86		
($58,903.52)		
$0.00		
$0.00		
$412,732.38	

Net Assets At End Of Year	

$31,361.18		

$398,917.86		

($58,903.52)		

$0.00		

$0.00		

$371,375.52	

Expenses

Other Revenues (Expenses) & Gains (Losses)

Page 1 of 1

Holly Hill Road East CDD
Budget to Actual
For the Month Ending 10/31/2019

Year To Date

Actual	Budget	Variance

FY 2020
Adopted Budget

Revenues

On-Roll Assessments	$	-		$	17,804.66		$	(17,804.66)		$ 213,655.91	
Off-Roll Assessments	-		4,744.01		(4,744.01)		56,928.06	
Inter-Governmental Revenue (North Blvd CDD)	583.31		3,210.79		(2,627.48)		38,529.48	
Net Revenues	$	583.31		$	25,759.46		$	(25,176.15)		$ 309,113.45	

General & Administrative Expenses

Supervisor Fees	$	-		$	1,000.00		$	(1,000.00)		$	12,000.00	
D&O Insurance	2,306.00		206.25		2,099.75		2,475.00	
Trustee Services	619.56		500.00		119.56		6,000.00	
Management	-		1,666.67		(1,666.67)		20,000.00	
Field Management	-		416.67		(416.67)		5,000.00	
Engineering	-		1,250.00		(1,250.00)		15,000.00	
Dissemination Agent	6,500.00		416.67		6,083.33		5,000.00	
District Counsel	-		1,666.67		(1,666.67)		20,000.00	
Assessment Administration	12,500.00		1,041.67		11,458.33		12,500.00	
Reamortization Schedules	-		41.67		(41.67)		500.00	
Audit	-		500.00		(500.00)		6,000.00	
Travel and Per Diem	-		41.67		(41.67)		500.00	
Telephone	-		16.67		(16.67)		200.00	
Postage & Shipping	-		27.08		(27.08)		325.00	
Copies	-		141.67		(141.67)		1,700.00	
Legal Advertising	424.37		416.67		7.70		5,000.00	
Miscellaneous	-		1,593.06		(1,593.06)		19,116.60	
Property Taxes	-		6.25		(6.25)		75.00	
Web Site Maintenance	-		225.00		(225.00)		2,700.00	
Dues, Licenses, and Fees	-		14.58		(14.58)		175.00	
Total General & Administrative Expenses	$	22,349.93		$	11,188.92		$	11,161.01		$ 134,266.60	

Page 1 of 2

Holly Hill Road East CDD
Budget to Actual
For the Month Ending 10/31/2019

Year To Date

Actual	Budget	Variance

FY 2020
Adopted Budget

Field Expenses

General Insurance (Phase 1)	$	2,819.00		$	252.08		$	2,566.92		$	3,025.00	
General Insurance (Phase 2)	-		123.57		(123.57)		1,482.84	
Property & Casualty Insurance (Phase 1)	9,357.00		-		9,357.00		-	
Irrigation (Phase 1)	-		58.33		(58.33)		700.00	
Irrigation (Phase 2)	-		28.59		(28.59)		343.14	
Irrigation Repairs (Phase 1)	-		200.00		(200.00)		2,400.00	
Irrigation Repairs (Phase 2)	-		98.04		(98.04)		1,176.47	
Landscaping Maintenance & Material (Phase 1)	1,666.00		1,366.00		300.00		16,392.00	
Landscaping Maintenance & Material (Phase 2)	-		1,000.00		(1,000.00)		12,000.00	
Flower & Plant Replacement (Phase 1)	-		458.33		(458.33)		5,500.00	
Flower & Plant Replacement (Phase 2)	-		224.67		(224.67)		2,696.08	
Fertilizer / Pesticides (Phase 1)	-		208.33		(208.33)		2,500.00	
Fertilizer / Pesticides (Phase 2)	-		102.12		(102.12)		1,225.49	
Contingency (Phase 1)	214.20		453.00		(238.80)		5,436.00	
Contingency (Phase 2)	-		222.06		(222.06)		2,664.71	
Storm Damage	-		250.00		(250.00)		3,000.00	
Streetlights (Phase 1)	-		750.00		(750.00)		9,000.00	
Streetlights (Phase 2)	-		367.65		(367.65)		4,411.76	
Total Field Expenses	$	14,056.20		$	6,162.77		$	7,893.43		$	73,953.49	

Cabana & Pool Expenses								
Security	$	-		$	583.33		$	(583.33)		$	7,000.00	
Maintenance Staff	1,105.00		364.58		740.42		4,375.00	
Electric	1,205.89		2,083.33		(877.44)		25,000.00	
Amenity Landscaping	-		1,000.00		(1,000.00)		12,000.00	
Cable Television	-		43.75		(43.75)		525.00	
Property & Casualty	-		527.33		(527.33)		6,328.00	
Equipment Repair & Maintenance	-		170.17		(170.17)		2,042.00	
Pest Control	48.15		55.00		(6.85)		660.00	
Signage & Amenities Repair	-		62.50		(62.50)		750.00	
Swimming Pools Maintenance	3,050.00		1,916.67		1,133.33		23,000.00	
Playground Lease	125.00		1,642.78		(1,517.78)		19,713.36	
Total Cabana & Pool Expenses	$	5,534.04		$	8,449.44		$	(2,915.40)		$ 101,393.36	

Total Expenses	
   $	41,940.17		
  $	25,801.13		
   $	16,139.04		
   $ 309,613.45	

Other Revenues (Expenses) & Gains (Losses)								
Interest Income	$	-		$	41.67	$	(41.67)		$	500.00	
Total Other Revenues (Expenses) & Gains (Losses)	$	-		
$	41.67	$	(41.67)		$	500.00	
Net Income (Loss)	$	(41,356.86)		
$	-	$	(41,356.86)		$	-	

Page 2 of 2