Narcoossee Community Development District

Agenda August 27, 2019

AGENDA

Narcoossee
Community Development District

135 W. Central Blvd., Suite 320, Orlando, FL 32801
Phone: 407-841-5524- Fax: 407-839-1526

August 21, 2019

Board of Supervisors Narcoossee Community Development District

Dear Board Members:

The Board of Supervisors of the Narcoossee  Community  Development  District  will  meet Tuesday, August 28, 2019 at 3:00 p.m. at the Orange County Public Library - Southeast Branch, 5575 S. Semoran Blvd., Orlando, FL 32822. Following is the advance agenda for the meeting:

RollCall
Public Comment Period
Approval of Minutes from the June 25, 2019 Meeting
Public Hearing
Consideration of Resolution 2019-03 Adopting the Fiscal Year 2020 Budget and Relating to the Annual Appropriations
Consideration	of	Resolution	2019-04   Imposing  Special  Assessments	and Certifying an Assessment Roll
Consideration of Agreement for Landscape Maintenance Services with SSS Down to Earth Opco, LLC
Staff Reports
Attorney
Engineer
District Manager's Report
Approval of Check Register
Balance Sheet and Income Statement
Presentation of Arbitrage Rebate Calculation Report
Approval of Fiscal Year 2020 Meeting Schedule
Other Business
Supervisors Requests
Adjournment

The second order of business is the Public Comment Period where the public  has  an opportunity to be heard on propositions coming before the Board as reflected on the  agenda,  and any other items.

The third order of business is the approval of the minutes from the May 28, 2019 Board of Supervisors meeting. The minutes are enclosed for your review.

The fourth order of business opens the public hearing. Section A is consideration of Resolution 2019-03 adopting the Fiscal Year 2020 budget and relating to the annual appropriations. A copy

of the resolution is enclosed for your review. Section Bis consideration of Resolution 2019-04 imposing special assessments and certifying an assessment roll. A copy of the resolution is enclosed for your review and the assessment roll will be available at the meeting.

The fifth order of business is consideration of agreement for landscape maintenance services with SSS Down to Earth Opco, LLC. A copy of the agreement is enclosed for your review.

Section C of the sixth order of business is the District Manager's Report. Section 1 includes the check register being submitted for approval and Section 2 is the balance sheet and income statement for review. Section 3 is presentati9n of arbitrage rebate calculation report. A copy of the report is enclosed for your review. Section 4 is approval of Fiscal Year 2020 meeting schedule. A sample notice is enclosed for your review.

The balance of the agenda will be discussed at the meeting. If you should have any questions, please contact me.

Sincerely,

Cc:		Roy Van Wyk, District Counsel Rey Malave, District Engineer Darrin Mossing, GMS

MINUTES

MINUTES OF MEETING NARCOSSEE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Boarq of Supervisors of the Narcoossee Community Development District was held Tuesday, June 25, 2019 at 3:00 p.m. at the Orange County Public Library- Southeast Branch, 5575 South Semoran Boulevard, Orlando, Florida.

Present and constituting a quorum were:

Jeffrey Smyk Steve Giercyk Peter Wong Betsy Burgos
Also present were: Jason Showe
Roy Van Wyk Rey Malave Alan Scheerer

Chairman
Vice Chairman Assistant Secretary Assistant Secretary

District Manager District Attorney District Engineer Field Manager

FIRST ORDER OF BUSINESS	Roll Call
Mr. Showe called the meeting to order and called the roll.

SECOND ORDER OF BUSINESS	Public Comment Period
There being none, the next item followed.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the May 28, 2019
Meeting

On MOTION by Mr. Wong seconded by Mr. Giercyk with all in favor the minutes of the May 28, 2019 meeting were approved, as presented.

FOURTH  ORDER OF BUSINESS	Discussion	and	Consideration	of	Fence
Proposal

Mr. Showe stated the next item is a continued discussion on the fence proposals. The Board direction as we left the last meeting was to look at the pond 1, pond 2 and the west side of pond 3. We also had the Engineer make sure the gates were included as well as to break the quotes out by pond for further discussion by the Board.
Mr. Smyk asked were we able to reach out and speak to anyone m the other  communities?
Mr. Scheerer stated Mirabella is good with it.
Mr. Showe stated we couldn't find a contact with Solvino.
Mr. Scheerer stated I don't think pond 4 was on the initial list. Mirabella is aware, I met Lisa onsite shortly after the last Board meeting because she had some questions as the new HOA manager and she posed that question to her Board and they don't have any issues with us extending the fence down there. We just have to be able to get on the west side to get to the  power because the fountain is there. They are okay with us doing it.
Mr. Giercyk stated we have taken into consideration in these quotes, gates everyplace we need them.
Mr. Malave stated that is correct.
Mr. Wong asked do you have the location of those gates?
Mr. Malave pointed out the location of the gates on the drawing.
Mr. Scheerer stated there are internal easements within Ziani for us to access the other portions of the pond. We have to be able to get the boat in to provide aquatic services so that is mainly to get the boat in. We also have to have access for landscape maintenance and we have easements for that.
Mr. Wong stated the estimate does not mention a gate on pond 4.
Mr. Malave stated it is supposed to be included. We didn't pay too much attention to 4 because my notes indicated that we weren't going to go forward with 4.
Mr. Giercyk stated we can't decide today if we are going forward with that or not.
Nobody has talked to them.
Mr. Showe stated the Board direction at the last meeting was to check with Mirabella. Mr. Giercyk asked are we going to leave it at 1, 2 and 3 for now?
Mr. Showe stated that was the direction at the last meeting.

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Mr. Malave stated we can talk to him to see if we only do one side of pond 3 if we get the discount. I believe it is yes but that is the only question I have.
. Mr. Showe stated we were only looking at the west side because the road is coming in on the east side and we didn't want to put anything there until the roadway was completed.
Mr. Wong stated I think we should have some kind of discount because otherwise the last
piece will cost $4,000.
Mr. Scheerer stated there is mobilization too and if they have to come back and start over again there is a cost to that.
Mr. Showe stated we know the max would be approximately $97,500 you could approve a not to exceed of that and let us try to negotiate a discount between now and the next meeting if you want to move forward. Otherwise we would have to bring  it back.  To do pond 1, pond 2 and the west side of pond 3 is $97,390 before any possible discount.
Mr. Giercyk stated we have a discount on the sheet right now that says it is 14%. The only argument with that is maybe we aren't doing pond 4. Is that correct?
Mr. Showe responded no, it is pond 3 east.
Mr. Malave stated it looks like they included both sides. The correct way is here is the total of $96,000 with a discount and we will work on the discount to finalize the contract.
Mr. Giercyk asked what would be an acceptable discount?
Mr. Malave stated we only eliminated a small piece we still want the $14,800 discount. Mr. Showe stated it is 83% of the tot times $14,800 we should get a discount of around
$12,000. We are going to try to get the best discount we can. Mr. Malave stated we will bring this back to be ratified.
Mr. Wong stated technically the bid is only good for 30 days.
Mr. Smyk stated that is agreeable. We are covered with the reserves?
Mr. Showe stated at $97,000 using the Parcel G&H as we talked about in the past, 73% gets attributed to La Vina, which is $72,000, $25,700 comes out of G&H's reserves and there is enough in those reserves accounts to cover that project.

On MOTION by Mr. Smyk seconded by Ms. Burgos with all in favor the proposal from Superior Fence & Rail, Inc. to do the fencing project for ponds 1, 2 and the west side of pond 3 was approved in an amount not to exceed $97,000 and staff was directed

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to execute a contract with the Chair' s authority upon final negotiation of that number.

FIFTH ORDER OF BUSINESS	Staff Reports
Attorney
There being none, the next item followed.

Engineer
Mr. Malave stated we did an Engineer's Report for maintenance.

Manager
Approval of Check Register

On MOTION by Mr. Giercyk seconded by Mr. Wong with all in favor the check register was approved.

Balance Sheet and Income Statement
A copy of the balance sheet and income statement were included in the agenda package.

SIXTH ORDER OF BUSINESS	Other Business
Mr. Showe stated the next meeting is August 27, 2019 and that will also be the budget hearing. We will do mailed notices since we are raising G&H to include some of their maintenance.

SEVENTH ORDER OF BUSINESS	Supervisors Requests
Mr. Smyk stated the magnolia was replaced.
Mr. Scheerer stated yes, it is not the size we had, but it is a lot fuller. There is a plan to put in a second one at some point. Annuals will be changed out next week.
Ms. Burgos stated thanks for painting the letters.
Mr. Scheerer stated we are doing some monument work and cleanup and Lisa, the Nona Crest HOA rep is now the Mirabella HOA rep and we met her onsite and she asked if we could do it. We did it for all four neighborhoods.

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Mr. Wong stated the letter Z on the Ziani letters still sticks out.

EIGHTH ORDER OF BUSINESS	Audience Comments

On MOTION by Mr. Smyk seconded by Mr. Giercyk with all in favor the meeting adjourned at 3:28 p.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

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SECTION IV

SECTION A

RESOLUTION 2019-03

THE	ANNUAL	APPROPRIATION	RESOLUTION	OF	THE	
NARCOOSSEE	COMMUNITY	DEVELOPMENT	DISTRICT	
("DISTRICT") RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2019, AND ENDING SEPTEMBER 30, 2020; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2019, submitted to the Board of Supervisors ("Board") of the Narcoossee Community Development District ("District") proposed budget ("Proposed Budget") for the fiscal year beginning October 1, 2019 and ending September 30, 2020 ("Fiscal Year 2019/2020") along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

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

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

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

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

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

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

SECTION 1. BUDGET

The Board has reviewed the Proposed Budget, a copy of which is on file with the office of the District Manager and at the District's Local Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.
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The Proposed Budget, attached hereto as Exhibit "A," as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes ("Adopted Budget"), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.

The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District's Local Records Office and identified as "The Budget for the Narcoossee Community Development District for the Fiscal Year Ending September 30, 2020."

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

SECTION 2. APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2019/2020, the sum of 	to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$ 	

_..._ 	_

DEBT SERVICE FUNDS (SERIES 2013 A-1 & A-2)	$ 	_

TOTAL ALL FUNDS	$ 		 ._ 	_

SECTION 3. BUDGET AMENDMENTS

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2019/2020 or within 60 days following the end of the Fiscal Year 2019/2020 may amend its Adopted Budget for that fiscal year as follows:

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

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

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

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

PASSED AND ADOPTED TIDS 27th DAY OF AUGUST, 2019.

ATTEST:	NARCOOSSEE COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary

By: 	_

Its: 	_

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Narcoossee
Community Development District
Proposed Budget FY 2020

Table of Contents

1-2	 	General Fund 

3-9	 	General Fund Narrative 

 	O&M Assessment  Allocation Chart 

Capital Reserve Fund - Nona Crest 

Capital Reserve Fund - La Vina 

 	Capital Reserve Fund - Nona Preserve 

 	Capital Reserve Fund - Parcels G&H 

 	Debt Service Fund 

 	Debt Service Assessment Allocation Chart 

 	Amortization  Schedule  -  Series 2013 A-1 

 	Amortization  Schedule  -  Series 2013 A-2 

 	Cammuoit¥ Develapmeot Di&ttict	
Proposed Budget
General Fund Fiscal  Year 2020

Adopted
Budget	Actual
thru	Projected Next	Total Projected	Proposed Budget	
Descriotion	FY2019	7/31/19	2 Months	9/30/19	FY2020	

Bevenues		
Maintenance Assessments	$297,263	$304,866	$0	$304,866	$315,352	
Interest	$0	$482	$96	$578	$0	
Beginning Fund Balance*	$23,785	$23,785	$0	$23,785	$35,666	
hotal Revenues	$321,048	$329,132	$96	$329,229	$351,019	
Expenditures						
Administrative
Supervisor Fees	
$6,000	
$3,800	
$1,000	
$4,800	
$6,000	
FICA Expense	$459	$291	$230	$520	$459	
Engineering Fees	$10,000	$5,345	$1,069	$6,414	$10,000	
Assessment Roll	$5,000	$5,000	$0	$5,000	$5,000	
Attorney	$17,000	$8,765	$1,753	$10,518	$17,000	
Annual Audit	$3,000	$3,000	$0	$3,000	$3,000	
Dissemination Agent	$1,250	$833	$167	$1,000	$1,250	
Arbitrage	$600	$0	$600	$600	$600	
Trustee Fees	$2,750	$2,963	$0	$2,963	$3,000	
Management Fees	$44,275	$36,896	$7,379	$44,275	$44,275	
Information Technology	$1,700	$2,617	$283	$2,900	$2,900	
Telephone	$100	$27	$5	$32	$100	
Postage	$450	$143	$29	$172	$450	
Insurance	$21,651	$19,683	$0	$19,683	$20,750	
Printing & Binding	$1,200	$189	$38	$227	$1,200	
Legal Advertising	$1,200	$0	$1,200	$1,200	$1,200	
Other Current Charges	$360	$406	$81	$488	$500	
Property Appraiser	$780	$771	$0	$771	$780	
Office Supplles	$150	$74	$15	$89	$150	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
 	969	0	150	280	
119 069		104 977	119,069	

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Community Development District
Proposed Budget General Fund Fiscal Year 2020

Descriotion	Adopted	Actual	Projected		Total	Proposed Budget		thru		Next	Projected		Budget
FY2019	7/31/19	2 Months	9/30/19	FY2020	
	Maintenance						
	Nonacrest
Field Management	
$4,164	
$3,470	
$694	
$4,164	
$4,164	
	Landscape Maintenance	$25,440	$17,033	$5,110	$22,143	$26,053	
	Irrigation Repairs	$3,000	$2,891	$578	$3,469	$3,500	
	Lake Maintenance	$4,300	$3,132	$626	$3,758	$4,350	
	Wall Repairs/Cleaning	$0	$1,250	$250	$1,500	$2,500	
	Feature Lighting	$750	$649	$130	$779	$1,000	
	Miscellaneous Common Area	5 262	2 383	477	2 860	1 349	
	Total NonaCrest	42 916	30 809	7 865	38 674	42 916	
	
1JLlli.Da
Field Management	

$10,156	

$8,463	

$1,693	

$10,156	

$10,350	
	Landscape Maintenance	$51,100	$40,500	$8,100	$48,600	$38,762	
	Irrigation Repairs	$4,000	$751	$150	$901	$4,000	
	Lake Maintenance	$6,180	$5,000	$1,000	$6,000	$4,573	
	Utilities	$8,340	$5,485	$1,097	$6,582	$8,340	
	Wall Repairs/Oeaning	$6,000	$2,525	$505	$3,030	$5,500	
	Solvino Streetlighting	$2,710	$2,236	$447	$2,683	$2,710	
	Capri Streetlighting	$3,850	$3,178	$636	$3,813	$3,850	
	Miscellaneous Common Area	1 069	$1475	295		15 321	
	Total La Vina	93 405	69 612	$13 922		93 405	
	
Nona Preserve Field Management	

$4,463	

$3,719	

$744		

$4,463	
	Landscape Maintenance	$29,400	$24,500	$4,900		$30,282	
	Irrigation Repairs	$2,200	$2,441	$488		$2,900	
	Lake Maint enance	$4,300	$3,500	$700		$4,200	
	Miscellaneous Common Area	1 510	1 600	0		28	
	otal Nona Preserve	$41 ,873	35 760				
	
Parcels G &.H
Field Management	

$0	

$0	

$0		

$2,666	
	Landscape Maintenance	$0	$0	$0		$13,796	
	Lake Maintenance	0	0	0		1628	
	otal Parcels G & H	0	0	0			
							
	IMaintenance Expenses	$178 ,194	$136 ,181	$28,620	$164,800	$196,283	
	
Transfer Out to Capital Reserves	
$23,785	
$23,785	
$0	
$23,785	
$35,666	
	hotal Expenses	$321 ,048	$250 ,944	$42 ,618	$ 293,563	$351,019	

Excess Revenues*		 	$42 522	$35 666	0	
* - Reduced for First Quarter  Operating - $74,300	Net Assessments	$315,352
Add: Discounts & Collections  		$.._2.0...,1 2_9_

Gross Assessments	$335,481

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REVENUES:
Maintenance Assessments
The District will levy a non-ad valorem special assessment on all taxable
property within the District, to fund all General Operating and Maintenance Expenditures for the fiscal year.

Beginning Fund Balance
Represents the total funds estimated to be available at the beginning of the
fiscal year.

EXPENDITURES;

Administrative:

Supervisor Fees
The Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year. The amount is based upon 5 Supervisors attending 6 Board Meetings during the fiscal year.

FICA Expense
Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors checks.
Engineering Fees
The District's engineer, Dewberry, will be providing general engineering
services to the District, i.e., attendance and preparation for monthly Board meetings, review invoices, etc.

Assessment Roll
Expenses related to administering the annual assessments on the tax roll with
the Orange County Tax Collector.

Attorney
The District's legal counsel, Hopping, Green & Sams, will be providing general
legal services to the District, i.e., attendance and preparation for monthly meetings, review operating and maintenance contracts, agreements, resolutions, etc.

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Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The District has contracted with Berger, Toombs, Elam, Gaines, & Frank to provide this service.
Dissemination Agent
The District is required by the Security and Exchange Commission to comply with Rule 15(c) (2)-12(b) (5), which relates to additional reporting requirements for un-rated bond issues. The District has contracted with Governmental Management Services - Central Florida LLC, the District's bond underwriter, to provide this service.

Arbit rage
The District is required to annually have an arbitrage rebate calculation on the District's Series 2013A-1 & 2013 A-2 Special Assessment Revenue Bonds. The District hired Grau & Associates to calculate the rebate liability and submit a report to the District.

Trustee Fees
The District issued Series 2013A-1 & 2013A·2 Special Assessment Refunding Bonds, which are held with a Trustee at US Bank. The amount  of the  trustee fees is based on the agreement between US Bank and the District.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services - Central Florida, LLC. These services include, but are not limited to, advertising, recording and transcribing of Board Meetings, administrative services, budget preparation, financial reporting, and assisting with annual audits.

Information Technology
The District incurs costs related to accounting and information systems, District's website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements.

Telephone
Telephone and fax machine.

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Postage
Mailing of agenda packages, overnight deliveries, checks for vendors and any other required correspondence, etc.

Insurance
The District's general liability, public officials liability and property insurance
coverages is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Printing & Binding
Printing and binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings, and any services that are required to be advertised for public bidding, i.e. audit services, engineering service, maintenance contracts and any other advertising that may be required.
Other Current Charges
Includes bank charges and any other miscellaneous expenses that are
incurred during the year.

Property Appraiser
Represent the Fiscal Year 18 fees to be paid to the Orange County Property Appraiser for annual assessment roll administration.

Office Supplies
The District incurs charges for supplies that need to be purchased during the
fiscal year, including copier and printer toner cartridges, paper, file folders, binders, pens, paper clips, and other such office supplies.

Dues, Licenses & Subscriptions
The District is required to pay an annual fee to the Department of Economic
Opportunity for $175.	This is the only expense under this category for the District.

contingency
Represents any other miscellaneous charges that the District may incur.

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Maintenance:
NonaCrest
Field Management
The District currently has a contract with Governmental Management Services
- Central Florida, LLC. to provide field management services.

Landscape Maintenance
The District currently has a contract with Down to Earth, Inc. to provide
Landscape Maintenance. These services include mowing, edging, blowing, applying pest and disease control chemicals to sod, mulching once per year, applying fertilizer, and planting annuals.

Vendor: Down To Earth, Inc.
Landscape Maintenance: Contract Cost of $1,754 monthly
Replacement Plants
Total Costs

Irrigation Repairs

Annual Costs
$21,053
$5,000
$26,053

Irrigation maintenance expenditures that may occur during the fiscal year.

Lake Maintenance
The District currently has a contract with Applied Aquatic Management, Inc.,
which provide Lake Maintenance to all the lakes inside Narcoossee COD. These services include monthly inspections and treatment of aquatic weeds and algae, herbiciding, and algae control and removal.

Vendor: Applied Aquatic Management, Inc.
Landscape Maintenance: Contract Cost of $358 monthly
Contingency
Total Costs

Feature Lighting
Replacement and repair of up light fixtures.

Miscellaneous common Area

Annual Costs
$4,301
$49
$4,350

Miscellaneous common area maintenance expenditures that may occur during the fiscal year.

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LaVina
Field Management
The District currently has a contract with Governmental Management Services
- Central Florida, LLC. to provide field management services.

Landscape Maintenance
The District currently has a contract with Down to Earth, Inc. to provide Landscape Maintenance. These services include mowing, edging, blowing, applying pest and disease control chemicals to sod, mulching once per year, applying fertilizer, and planting annuals.

Vendor: Down To Earth, Inc.
Landscape Maintenance: Contract Cost of $3,076 monthly
a	Replacement Plants
Total Costs

Irrigation Repairs

Annual Costs
$36,918
$1,844
$38,762

Irrigation maintenance expenditures that may occur during the fiscal year.

Lake Maintenance
The District currently has a contract with Applied Aquatic Management, Inc.,
which provide Lake Maintenance to all the lakes inside Narcoossee CDD. These services include monthly inspections and treatment of aquatic weeds and algae, herbiciding, and algae control and removal. The amount also includes unscheduled maintenance.

Vendor: Applied Aquatic Management, Inc.
Landscape Maintenance: Contract Cost of $280 month
Contingency
Total Costs

Annual Costs
$4,558
$15
$6,573

Utilities
The	District	has  electrical	and	water	accounts	with	Orlando	Utilities
Commission for the areas maintained by the District.

Vendor: Orlando Utilities Commission
Reclaimed Water - $680/month
Electric - $15/month
a	Total Costs

Annual Costs
$8,160
$180
$8,340

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Wall Repairs/Cleaning
Funding for cleaning or needed repairs of La Vina District wall.

Solvino Streetlighting
The District funds the streetlights within the Salvino community.

Vendor: Orlando Utilities Commission
Electric - $225/month

Annual Costs
$2,710

Capri Streetlighting
The District funds the streetlights within the Capri community.

Vendor: Orlando Utilities Commission
Electric - $320/month

Miscellaneous Common Area Maintenance

Annual Costs
$3,850

Miscellaneous common area maintenance expenditures that may occur during the fiscal year.

Nona Preserve

Field Management
The District currently has a contract with Governmental Management Services
- Central Florida, LLC. to provide field management services.

Landscape Maintenance
The District currently has a contract with Down to Earth, Inc. to provide
Landscape Maintenance. These services include mowing, edging, blowing, applying pest and disease control chemicals to sod, mulching once per year, applying fertilizer, and planting annuals.

Vendor: Down To Earth, Inc.
o	Landscape Maintenance: Contract Cost of $2,450 monthly

Irrigation Repairs

Annual Costs
$30,282

Irrigation maintenance expenditures that may occur during the fiscal year.

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General Fund Budget Fiscal Year 2020

Lake Maintenance
These services include monthly inspections and treatment of aquatic weeds
and algae, herbiciding, and algae control and removal.

Vendor: Applied Aquatic Management, Inc.
Casts
o	Landscape Maintenance: Contract Cost of $350 monthly

Miscellaneous common Acea Maintenance

Annual

$4,326

Miscellaneous common area maintenance expenditures that may occur during the fiscal year.

Parcel G & H
Field Management
The District currently has a contract with Governmental Management Services
- Central Florida, LLC. to provide field management services.

Landscape Maintenance
These services include mowing, edging, blowing, applying pest and disease
control chemicals to sod, mulching once per year, applying fertilizer, and planting annuals.)

Vendor: Dawn Ta Earth, Inc.
o	Landscape Maintenance: Contract Cost of $1150 monthly

Lake Maintenance

Annual Casts
$13,796

These services include monthly inspections and treatment of aquatic weeds and algae, herbiciding, and algae control and removal.

Vendor: Applied Aquatic Management, Inc.
Casts
o	Landscape Maintenance: Contract Cost of $136 monthly

Transfer Out - Capital Reserve Fund

Annual

$1,628

Represents projected excess funds above operating capital requirements in the General Fund.

9

Narcoossee
 	Cgmmunib: 12oelapment 12imlct	
Maintenance Assessment Calculation Fiscal Year 2020

Annual Gross Proposed Gross Street Lighting Maintenance	Maintenance

Subdivision

Track

Units

Total Proposed Gross
Supplement	Maintenance		Increase Per Unit FY19    Per Unit FY20	Assessment	Par Unit FY20	(Decrease)

O&.M

NonaCrest		C	SF50	159	$276.94	$276.94	N/A	$276.94	$0.00	$44,034	
		D	SF70	 	110 	$276.94	$276.94	N/A	$276.94	$0.00	$30,464	
				269							
Lavina	
Mirabella	
A	
SF50	
107	
$473.15	
$473.15	
N/A	
$473.15	
($0.00)	
$50,627	
	Zianl	B	SF75	66	$473.15	$473.15	N/A	$473 .15	($0.00)	$31,228	
	Capri	E	SF50	48	$558.17	$473.15	$85.02	$558.17	($0.00)	$26,805	
	Solvlno	F	SF50	50	$530.60	$473.15	$57.45	$530.60	($0.00)	$26,542	
				271							
Lake Nona Preserve		K	Multi	228	$254.88	$254.88	N/A	$254.88	$0.00	$58,113	
		G	Comm/Office	130704	$0.11	$0.16	N/A	$0.16	$0.05	$20,9n	
		G	Multi Family	370	$68.05	$95.10	N/A	$95.10	$27.05	$35,188	
		H	Comm/Office	69000	$0.12	$0.17	N/A	$0.17	$0.05	$11,504	
Total Gross Assessments										$335,481	

10

Community Development District
Proposed Budget
Capital Reserve Fund - Nona Crest Fiscal Year 2020

	Adopted
Budget	Actual
thru	Projected
Next	Total
Projected	Proposed
Budget	
Description	FY2019	7/31/19	2 Months	9/30/19	FY2020	

Beveoues						
Transfer In	$7,105	$7,105	$0	$7,105	$7,518	
Interest	$0	$8	$2	$10	$0	
Carry Forward Surplus	$89,909	$95,350	$0	$95,350	$96,428	
ITotal Revenues	$97,014	$102A63	$2	$102A64	$103,947 1	
Expenditures						
capital Projects	$0	$6,036	$0	$6,036	$0	

ITotal Exe!;nditures	 	$0	$6,036	
$0	
$6,036	$0 I	

Excess Revenues	
$97,014	
96 427	
$2	
96,428	
$103 947	

11

cammunit¥ Dellelopmeol: Distri t
Proposed Budget Capital Reserve Fund - La Vina
Fiscal  Year 2020

	Adopted
Budget	Actual
thru	Projected
Next	Total
Projected	Proposed
Budget	
Descriotlon	FY2019	7/31/19	2 Months	9/30/19	FY2020	

Revenues						
Transfer In	$13,880	$13,880	$0	$13,880	$13,973	
Interest	$0	$10	$2	$12	$0	
Transfer from G/H Capital	$0	$0	$16,998	$16,998	$0	
carry Forward Surplus	$91,373	$111,693	$0	$111,693	$109,946	

ITotal Revenues	
$105,253	
$125,583	
$17,000	
$142,583	$123,919 I	
Expenditures						
Dowden Median Improvements	$50,000	$32,637	$0	$32,637	$50,000	
ITotal Exe!ndltures	$50,000	! 32,637	$0	!)2,637	$so,ooo 1	

Excess Revenues	
55 253	
92 946	
$17 000	
109 946	
73 919	

12

Community Development District
Proposed Budget
Capital Reserve Fund - Nona Preserve Fiscal Year 2020

	Adopted
Budget	Actual
thru	Projected
Next	Total
Projected	Proposed
Budget	
Description	FY2019	7/31/19	2 Months	9/30/19	FY2020	

Beveoues						
Transfer In	$323	$323	$0	$323	$323	
Interest	$0	$3	$1	$4	$0	
Carry Forward Surplus	$32,089	$37,941	$0	$37,941	$38,267	
hotal Revenues	$32,412	$38,267	$1	$38,267	$38,s 9o 	
Expenditures						
capital Projects	$0	$0	$0	$0	$2,500	

1

ITotal Exe!nditures	 	$0	$0 	$0	$0		$2,s oo 1

Excess Revenues	32,412	38 267	1	$38 267	$36 090

13

Cgm m unit)! De vela &Jm e n t Di&trict

Proposed Budget
Capital Reserve Fund - Parcels G&H Fiscal Year 2020

	Adopted Budget	Actual thru	Projected Next	Total Projected	Proposed Budget	
Description	FY2019	7/31/19	2 Months	9/30/19	FY2020	

Beveoues						
Tran sfer In	$2,477	$2,477	$0	$2,477	$5,447	
Interest	$0	$7	$0	$7	$0	
Carry Forward Balance	$80,206	$80,206	$0	$80,206	$60,761	

I Total Revenues	
$82,683	
$82,689	
$0	
 	$82,689		$66,209 I	
Expenditures						
Transfer to LaVina Capital	$0	$11,617	$10,311	$21,928	$0	

I TotalExe!nditures 	$0		$11,617	
 	$10,311		
$21,928	$0 I	

Excess Revenues	82 683	$71,072	$10,311	$60,761	66 209

14

Community Development District
Proposed Budget Debt Service Fund Fiscal Year 2020

	Adopted Budget	Actual thru	Projected Next	Total Projected	Proposed Budget	
Descriotion	FY2019	7/31/19	2 Months	9/30/19	FY2020	

Revenues

	Assessments - Tax Roll	$317,131	$325,269	$0	$325,269	$317,131	
	Interest Income	$1,000	$3,968	$794	$4,761	$1,000	
	Carry Forward Surplus	$163,677	$164,918	$0	$164,918	$184,168	
	ITotal Revenues	$481,808	
f494,155	
!794	f494,949	! 502,299 I	
Expendjtures						
 Series 2D13A-1							
Interest - 11/1	$44,703	$44,703	$0	$44,703	$43,053	
Principal - 5/1	$120,000	$120,000	$0	$120,000	$125,000	
Interest - 5/1	$44,703	$44,703	$0	$44,703	$43,053	
 Series 2D13A-2							
Interest - 11/1	$28,188	$28,188	$0	$28,188	$27,034	
Principal - 5/1	$45,000	$45,000	$0	$45,000	$50,000	
Interest - 5/1	$28,188	$28,188	$0	$28,188	$27,034	

ITotal Exe!ndltures	
p1oi7so	
f31oi7s1	
f0	
f 310i781	f315,174 I	
< 1> Excess Revenues	$171,028	$183,374	$794	184,168	$187,125	
			
Series 2013A-1	
Nov 1, 2020	
$41,178	
			Series 2013A-2	Nov 1, 2020	$25,753	
				Net Assessments	$317,131	
Add:  Discounts & Collections 	$20,242 
Gross Assessments	$337,373

Excess Revenues will be utilized to pay November 1 semi-annual Interest payment.

15

Narcoossee
communitv Development Pistcict Debt Assessment Calculation Fiscal Year 2020

Subdivision	

Track	

Units	Proposed FY2020
Annual Gross
Debt Per Unit	

Total Debt	

NonaCrest	C	SF50	158	$301.13	$47,579	
	D	SF70	110	$481.81	$52,999	
LaVina						
	A	SF50	107	$301.13	$32,221	
	B	SF75	65	$566.13	$36,798	
	E	SF50	48	$301.13	$14,454	
	F	SF50	50	$301.13	$15,057	
Lake Nona Preserve	K	Mult i	228	$240 .91	$54,927	
	G	Comm/Office	130704	$0.20	$26,141	
	G	Multi Family	370	$117.29	$43,397	
	H	Comm/Office	69000	$0.20	$13,800	

Total Gross Assessment	$337,373

16

Narcoossee
Community Development District
Debt Service Fund - Series 2013A-1 Amortization Schedule

Date	Series 2013A-1	Fiscal
Total	
	Principal	Interest		
11/1/19		$43,052.50	$43,052.50	
5/1/20	$125,000.00	$43,052.50		
11/1/20		$41,177.50	$209,230.00	
5/1/21	$125,000.00	$41,177.50		
11/1/21		$39,146.25	$205,323.75	
5/1/22	$130,000.00	$39,146.25		
11/1/22		$36,871.25	$206,017.50	
5/1/23	$135,000.00	$36,871.25		
11/1/23		$34,373.75	$206,245.00	
5/1/24	$140,000.00	$34,373.75		
11/1/24		$31,748.75	$206,122.50	
5/1/25	$145,000.00	$31,748.75		
11/1/25		$28,921.25	$205,670.00	
5/1/26	$150,000.00	$28,921.25		
11/1/26		$25,921.25	$204,842.50	
5/1/27	$160,000.00	$25,921.25		
11/1/27		$22,721.25	$208,642.50	
5/1/28	$165,000.00	$22,721.25		
11/1/28		$19,297.50	$207,018.75	
5/1/29	$170,000.00	$19,297.50		
11/1/29		$15,770.00	$205,067.50	
5/1/30	$180,000.00	$15,770.00		
11/1/30		$12,035.00	$207,805.00	
5/1/31	$185,000.00	$12,035.00		
11/1/31		$8,196.25	$205,231.25	
5/1/32	$195,000.00	$8,196.25		
11/1/32		$4,150.00	$207,346.25	
5/1/33	$200,000.00	$4,150.00	$204,150.00	
				
	$2,205,000.00	$726,765.00	$2,931,765.00	

17

Narcoossee
Community Development District
Debt Service Fund - Series 2013A-2 Amortization Schedule

Date	Series 2013A-2	Fiscal Total	
	Principal	Interest		
11/1/19		$27,034.38	$27,034.38	
5/1/20	$50,000.00	$27,034.38		
11/1/20		$25,753.13	$102,787.51	
5/1/21	$50,000.00	$25,753.13		
11/1/21		$24,471.88	$100,225.01	
5/1/22	$55,000.00	$24,471.88		
11/1/22		$23,062.50	$102,534.38	
5/1/23	$55,000.00	$23,062.50		
11/1/23		$21,515.63	$99,578.13	
5/1/24	$60,000.00	$21,515.63		
11/1/24		$19,828.13	$101,343.76	
5/1/25	$60,000.00	$19,828.13		
11/1/25		$18,140.63	$97,968.76	
5/1/26	$65,000.00	$18,140.63		
11/1/26		$16,312.50	$99,453.13	
5/1/27	$70,000.00	$16,312.50		
11/1/27		$14,343.75	$100,656.25	
5/1/28	$75,000.00	$14,343.75		
11/1/28		$12,234.38	$101,578.13	
5/1/29	$80,000.00	$12,234.38		
11/1/29		$9,984.38	$102,218.76	
5/1/30	$85,000.00	$9,984.38		
11/1/30		$7,593.75	$102,578.13	
5/1/31	$85,000.00	$7,593.75		
11/1/31		$5,203.13	$97,796.88	
5/1/32	$90,000.00	$5,203.13		
11/1/32		$2,671.88	$97,875.01	
5/1/33	$95,000.00	$2,671.88	$97,671.88	
				
	$975,000.00	$456,300.10	$1,431,300.10	

18

SECTION 8

RESOLUTION 2019-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE NARCOOSSEE COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2019/2020; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Narcoossee 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 Orange 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, 2019 and ending September 30, 2020 ("Fiscal Year 2019/2020"), attached hereto as Exhibit "A" and incorporated by reference herein; and

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

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

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

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

WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect for Fiscal Year 2019/2020; 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 Property 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 of the Narcoossee Community Development District ("Assessment Roll") attached to this Resolution as Exhibit "B" and incorporated as a material part of this Resolution by this reference, and to certify the Assessment Roll to the County Tax Colle tor pursuant to the Uniform Method; and

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

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

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

SECTION 2. ASSESSMENT IMPOSITION. Pursuant to Chapters 190 and 197, Florida Statutes, and using the procedures authorized by Florida law for the levy and collection of special assessments, a special assessment for operation and maintenance is hereby imposed and levied on benefitted lands within the District, and in accordance with Exhibits "A" and "B." The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be effective upon passage of this Resolution.

SECTION 3. COLLECTION. The collection of the operation and maintenance special assessments and previously levied debt service assessments shall be at the same time and in the same manner as County taxes in accordance with the Uniform Method, as indicated on Exhibits "A" and "B." 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 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  property  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 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.

SECTION 7. EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.

PASSED AND ADOPTED THIS 27TH DAY OF AUGUST, 2019.

ATTEST:	NARCOOSSEE COMMUNITY DEVELOPMENT DISTRICT

By:	_

Secretary / Assistant Secretary
Its:------------

Exhibit A: Exhibit B:

Budget Assessment Roll

SECTION V

AGREEMENT FOR LANDSCAPE MAINTENANCE SERVICES BETWEEN NARCOOSSEE COMMUNITY DEVELOPMENT DISTRICT AND
SSS DOWN TO EARTH OPCO, LLC

Tms AGREEMENT (the "Agreement") is made and entered into this _ _
--	2019, by and between:

_  _  _	day of

Narcoossee Community Development District, a local unit of special-purpose government located in the City of Orlando, Orange County, Florida, and whose mailing address is 135 W. Central Blvd., Suite 320, Orlando, Florida 32801 (the "District"); and

SSS Down To Earth Opco LLC, an Ohio limited liability company, whose mailing address is P.O. Box 738, Tangerine, Florida 32256 (the "Contractor").

RECITALS

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

WHEREAS, the District owns, operates and maintains the certain areas identified on the attached Exhibit A; and

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

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

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

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

SECTION 1. RECITALS. The recitals so  stated  are  true  and  correct  and  by  this  reference are incorporated into and form a material part of this Agreement.

SECTION 2.	DESCRIPTION OF WORK AND SERVICES.

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

1

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

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

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

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

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

SECTION 3.	COMPENSATION; TERM.

As compensation for the completion of the Services, the District agrees to pay the Contractor in twelve (12) monthly payments of Eight Thousand Two Hundred Three Dollars and Thirty-Four Cents ($8,203.34), not to exceed a total amount of Ninety­ Eight Thousand, Four Hundred Forty Dollars and Eight Cents ($98,440.08) per year, which amount includes all tools, labor and materials necessary to complete the Services. Any additional services shall be at the unit prices set forth in Exhibit B.

The term of this Agreement shall be from October 1, 2019 through September 30, 2020, unless terminated earlier in accordance with the terms of this Agreement. At its sole option, the District may elect, by providing written notice to Contractor, to extend this Agreement for two additional one-year terms.

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

2

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

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

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

SECTION 4. CHANGE ORDERS. Contractor understands that the  Services  may be  reduced, enlarged or otherwise modified in scope. If any additional Services are proposed beyond those identified in this Agreement, Contractor shall perform them but only after receiving a written change order from the District. Contractor shall cooperate with and assist the District in preparing and determining the scope of any change order. In the event the service represents a unit price set forth in this Agreement, Contractor's compensation shall be adjusted for the added or deducted services proposed by the change order in accordance with the unit prices established in the Agreement. In the event the service is not represented by a lump sum or unit price set forth in this Agreement, Contractor's compensation shall be adjusted for the added or deducted services proposed by the change order as reasonably determined by the District in conference with the Contractor. All change orders shall be in the form attached hereto as Exhibit C.
SECTION s. WARRANTY  AND COVENANT.  The Contractor  warrants  to the District that all materials furnished under this Agreement shall be new, and that all services and materials shall be of good quality, free from faults and defects. The Contractor hereby warrants any materials and Services for a period of one (1) year after acceptance by the District or longer as required under Florida law. Contractor further warrants to the District those warranties which Contractor otherwise warrants to others and the duration of such warranties is as provided by Florida law unless longer guarantees or warranties are provided for elsewhere in the Agreement (in which case the longer periods of time shall prevail). Contractor shall replace or repair warranted items to the District's satisfaction and in the District's discretion. Neither final

3

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

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

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

Workers Compensation

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

Automobile Liability (if applicable)
Bodily Injury and Property Damage

statutory

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

$1,000,000

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

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

4

all of Contractor's employees, agents, subcontractors or anyone directly or indirectly employed by Contractor, all of whom shall be employees of Contractor  and not employees of District and at all times entirely under Contractor's supervision, direction and control.

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

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

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

SECTION 10.  ENFORCEMENT  OF AGREEMENT.   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 fees and costs incurred, including reasonable attorney's fees and costs for trial, alternative dispute resolution, or appellate proceedings.

5

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

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

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

If to Contractor:

If to District:

With a copy to:

SSS down to Earth Opco, LLC
P.O. Box 738
Tangerine, Florida 32256 Attn: Michael Mosler II

Narcoossee Community Development District c/o GMS Central Florida
135 W. Central Blvd, Suite 320
Orlando, Florida 32801 Attn: District Manager

Hopping Green & Sams, P.A.
119 South Monroe Street, Suite 300
Tallahassee, Florida 32314 Attn: Roy Van Wyk

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

SECTION 14.  ARM'S  LENGTH  TRANSACTION.  This  Agreement   has  been  negotiated fully between the District and the Contractor as an arm's length transaction. Both parties participated fully in the preparation of this Agreement and received the advice of counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, both parties

6

are deemed to have drafted, chosen, and selected the language, and the doubtful language will  not be interpreted or construed against either the District or the Contractor.

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

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

SECTION 17. APPLICABLE LAW AND VENUE. This Agreement and the prov1s1ons contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida. Each party consents that the venue for any litigation arising out of or related to this Agreement shall be in Orange County, Florida.

SECTION 18.	INDEMNIFICATION.

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

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

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

7

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

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

SECTION 22. PUBLIC RECORDS. Contractor  understands and agrees that all documents of any kind provided to the District in connection with this Agreement may be public records, and, accordingly, Contractor agrees to comply with all applicable provisions of Florida law in handling such records, including but not limited to Section 119.0701, Florida Statutes. Contractor acknowledges that the designated public records custodian for the District is George Flint ("Public Records Custodian"). Among other requirements and to the extent applicable by law, the Contractor shall 1) keep and maintain public records required by the District to perform the service; 2) upon request by the Public Records Custodian, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of the contract term and following the contract term if the Contractor does not transfer the records to the Public Records Custodian of the District; and 4) upon completion of the contract, transfer to  the District, at no cost, all public records in Contractor's possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws.  When such public records are transferred by the Contractor, the Contractor shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats.

IF THE CONTRACTOR HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE CONTRACTOR'S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS CONTRACT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT (407) 841-5524, JSHOWE@GMSCFL.COM, OR AT 135 W. CENTRAL BLVD., SUITE 320, ORLANDO, FLORIDA 32801.

8

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

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

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

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

Attest:	NARCOOSSEE COMMUNITY DEVELOPMENT DISTRICT

Secretary	Chairman/Vice Chairman, Board of Supervisors

Witness:	SSS DOWN TO EARTH OPCO, LLC

By:	_

Signature of Witness

Print Name

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

Exhibit A: Exhibit B: Exhibit C:

Landscape Maintenance Maps Scope of Services
Form of Change Order

9

EXHIBIT A

Landscape Maintenance Map

EXHIBITB
Scope of Services

D□WN TO
EARTH
LANDSCAPE 6 IRRIGATION

Landsc..ape  l\laintenance Proposal

Attn:

SubmitcedBy:
DirectO£:

Nareoossee CDD
OMS C..e-al911 Fton.dai
135 W Cem!at Blvd Soi.re 320
Orlando Florida 32801

SSSDown To Earth Opco lLC
Michael Mosler Il

Na11coossee CDD

Landst'41p e Maintenance Summary
Narcoossee CDD
Nona Crest	
(lnrlllde&sir MamtHlllare,1mga&u.
Fertilizll&a/PestCoatrol,1-Iulds. & .-\mmals)

Annually

La\i""ma
(lnrlwlu	lfaintuwta, IrrigatiDD,
Fmilizatioa/PestContrGI, lfulda & Ammals)

Nona Preserve
(lnrhdnBuit'l\faia.Wllnlff,Irrigation, Femliz2au i'P est CoatrGI, Mulch & Amwak)

Grand Total Annuatty: Grand TotalMonthl)·:

48,600.02

$  98,440.08
S	8,?03.34

Annually

Additional Items
Multh
4" Seas0cnal Annuals {4 times/year) P1tJm Tri mming

$45.00 per tubic yard
$2.00 eat h
Up to IS' included Onr 15' $30.00 ea.t h

Landscape Maintenanc-e Ap:ttment
nus LANDSCAPE MAINTENANCE AGREEMENT ("Agreement'') dated this ---	day

of     

2018, and betweeo, Narroossee CDD beremafter refe.aed to as, "Custocnec'' m

"Association "), and SSS Down To Earth Opto LLC (_hereiDailet- refaffif to as "C-outmctorj .

 pe of Work! Contractor shall fumish all labor, materials, and necessary equipment to maintain the grounds a Narcoossee CDD for a one (1) year period commeccing Odober 1st
?018 and eoding ptNDber 30 1019. In fillfllJmeot its obligation,, Contra.elm- shall me its best efforts to pemmn the Grounds Maimmance speciiicatio.os attached as  Exhibit IIN' and specifically incorporated herein. In the event 1hat the pedbonance by Contractor shall inteanpted or delayed by any OC:-C1JffeD.CeS not occasioned byContractor, suc:has ads of God. the Commctor shall be excused from such pe,:fmma:nce fm such a period of time as is reasonably necessary after such occurrence to remedy the effects thereof

... Io demnilkation: Confnctor shall indemnify and hold mrmless the Customec iiom any and all mjnries. damages, causes of action or claims to the extent they a.re caused by acts, omissiom  or negiigecce on  the part of  Contntctoc. its agents,  subcontractm, employees. or
others  a,cting  011  behalf of  Comractor.  in  the per:formance  of  its  obligations  under 1his
Agreemeat.

Liabilitv Insor.uu:e: Contractm-, for itsel( its subcomocto,m ageots and employees. shall
cmry liability and personal msuranc with a responsible msumnce company qualified to do business in the state of Florida. The limits of such insurance. coverage shall be a least two mi.llioo  dollm  ($2,000,000) per oc	for liability due to injmy to or death of a person or pe,sons and at least five million dollars ($5,000,000) foe public liability due to property damage and at least two mill:ioo dothus ($1,000,000) peroocummce in Contractor pollution liability. Comractor shall additionally provide Workers' Compensation Iosnnnce on behalf of ea.ch of its employees er :laboms woddng on the property in acoordance wiih all applicable laws. Such insurance shall remain in effect doling the entire term of this Agreement. Contract« shall deliva- to the Custoo:m- an insurance cerlifkate  evidenc such .insur.mce prior to the signing oftbis contract.

Standard of Perfor .ma nce : Comractor shall use due care, skill and diligence .in the petfonnance of its obligatious under this Agreement me!shall perform all of its obligatioos in its best workmanlike maone:- and in accordance with the accepted standards fur prohsiooat landscape contmctors in the Orlando area All materials used in pem,rming any obligation under this Agreaneot. shall be of first quality and shall be use4 strictly in accocdance 1th manufacturer's specifications.

S. Time: Tune is of the essence inpenouning the.obligations l1l1def this Agreemem.

Indtpendent Contractor Rf.ladon sbip: All work perfonned by Contmdm- tmdel- this

Agteement  shall  be   as an in	commctor, aa.d in no way shall Contractor be
oomidered to be an employee oftbis associations_

Pritt and Pannent Terms: Contrndor shall be paid on a monthly basis.. On the twentieth (2oij day of eadt monfb,, the Contta<:tor shall tender to the Custc:Jmel" a bill or invoice for those sen.ices rendered during the cmrent men which.shall be paid by the Cllstomer by the
first day of the following mootb.. Bodi parties hereby acmowJedge that if all the grounds rnmnteoaoc-e services are perfonned in accordance with the Grmmds Maintenance Specificatio.ns attached hereto as ..Exlu.l>it A.., customer shall remit Coamactor: a mooth1y fee of$8.203.34.

Tff mination: Given thf> nat u:re. of the work cootemplated by this Agreement. the parties acknowledge that oonditicos change due to the natural growing cycle, w:ea:ther pattems. wear and tear of the grounds, and othec ca.uses. both fureseen aod umoreseen. As a remit, should Customer believe that coaditions exist that would give it cause to terminate this Agreement, Customer shall promptly (within 24 boms} notify Contractor and gi'\ie Coo.tn.dor- an opportunity to inspect such condition. Custcmer- admow:ledges that it shall  ba -e  an affumative obligation to photograph any coomfion that it believes would give it caose  to terminate this Agreement within 24 hours of WSCOT,,"ffY of that coadilioo and that the failure to do so shall cOllStitute spoliation of evidence. The Customer and Commctoc may terminate this agreement with cause upon thirty{30) days wriflm notice to 1l1e othet- party_

N otkes: Any notice required to be sent to Customer 01r Conttact« under this  Ayeem.ent shall be seat to the parties at1he following address uoless othelwise specified:

Customer:	Narc.oossee CDD
GMS C,entraJ.Florida
135 W Cealla1Blvd Suite 320
Orlando Florida 32801

Contrattor: SSS Down To Earth Opco llC
POBox738
Tangerine. Florida 32777
Phone: 352-385-7227
Fax::352-385-7229
Email: mmos	a down2eadbinc..com

Gonming Law and Binding Effttt: Ventre. This Agreement and the iatelpretaticm and euf'orrement of the same will be governed by and cOllStt1led in accordance with the laws of the State of Florida and will be binding upac, mure to the benefit of,, and be enforceable by
the parties hereto as well as their respective heirs, personal representatives, successors and
assigns. Venue for all aetioos arising ftom this Ageement shall liein Lake Cou.my, Florida..

Intrmted  A&rttm nr.   Waiver  and   Modifk3  ti on_	This   Agreement   represents   the
complete and entire U1lderstanding and agreement between the parties hereto wifh rep-d to

all matteis mw·oh.'ed in this traosadion and supersedes any and all prior oc oonrempomneons agreemems. whethe:r written or oral. No agreements oc pr-ovisioos,, unless incmparnted herein,  will  be  binding on either- party hereto.    This  Agreement  may not be modified or
amended nor may any c-0\'e:llaDt, agreement, ccodi.tioo, requirement, pr,o rision, wammty or
obligation rontained herein be waived, eoreept in writing signed by both parties or, in the eve:at tbat such modificatioo,, amPPcf:meut oc waiver is for the benefit of ooe of the parties hereto and to the detriment of the ofller-, then the same must bein writing signed'by the party to whose detriment the modmcation, amencfment nc waiver inures.

Litpi tion and Attorn, e -s' Fees. In the event it will be necessary for either party to 1his Agn!emea.t to bring suit to enforce any provision hereof or foe damages on accormt of any breach of this.Agreanenf. or of any l'l'alnldy. covenant, oooditioo, requiremem or obligation cootained. herein, the prevailing party in uy such litigation, inducting  appeals.  will  be emitted to RCOVer from tbe other- party. in addition to my damages or other relief gnmted as a result of such Jitigati allcosts and expemes of such litigation and re.asc:mable attcmeys' fees.

Late Payme-nt Ch,am.s. Any unpaid .i:o..dallment of Contractors fee or any expense reimbmsement to Contractor doe and payable m.de£ this Agreement will beat- infleRst at the nre of ten percent (18%) pee ammm from its due date until paid in full. So Imig as any payment remains past due for a period in excas often (10) days, Contractors obligations under this Agreement will be suspended wfilpaid in:full.

Snerabilicv. Each J)l'mtision of this Agreemem is seli-erable ftom any and all  otba­ pro.tisions of this Agreement. Should any provision of 1his Agreement be for any reason UDl!flfurtt.able-. the ba1an0e shall DODetheless remain in full foree and effect, but without g1',"Dlg effect to such provision.

No Third-Pam· Bene-fidaries. 'The parties hereto intend that this Agreement shall not benefit or ere.ate any right « cause of action in or on behalf of any person other than the parties hereto. No future or present employee oc customec of either of the parties oor their affiliates, snocessors oc assigns or other pet'SOJl. shall be treated as a fhird.party beneficiary in or undec this Agreement

Nu-coos.see CDD	SSS Down To Earth LLC

BY: 	_
IT:   -	-	-	-	-	-	-	-

BY: 	_
ITS: 	_

 	
On:ner's Signature	SSS DOll'D To Earth Opco LLC

Seniice Agi·eemeot Specifications
Between SSS Down To Ealih Opto LLC' (herein  ''Coumu:tor.,,  or  '"DTEj  and Narcoos-see CDD the seivices to be ped'onned beremu:ler .for the Basic Monthly Fee are set fodhbelOV1.•. Any
work per:fmmed in addition to these semc:es will be separately invoiced as provided in tms
Agreement.

LA 1..''DSCAPE l\lAIDrIENA. CE PROGRAM

IlmF GRASS SPECIFICATIONS

l\lomng

Mowing shall be ped'ormed as hquently as is required to maintain :a b.eight level as outlined below with powa- lawn IDD\\rem of mfficient horsepower to leave a neut, clean appeanmce.{42 aJts.lyr•. minimum)
Mower blades will beL t shm:p to ple.\imf the tearing of grass bladrs. Various mowingpattems will be employed to insure the e\!1!11dislributioa of
andto prevent ruts in the tmf c-aused by mowers.

St . Augustine and Bahia turf should bP: maintaiue4 .at a mowing height of 3 l 2"" o 4
112" in height, with no·morethan 112 of leafblade fflDO\U during mowing.

All Bemmda Sod shall b4" rnaiutaiue4 at a height of 1"(85 cuts ptt yearroiuiroum).

Edging
on: mall neatly edge and trim around an plant beds, curbs, .stzeets. trees, and
buifdiDgs, etc. DTE shall maintain the shape andcoofiguration of all planting beds.
All walks shall be blov.n or vacuumed after edging ti' rnaiotain a clean, well-groomed
appearam-e.
All mmiers to be removed after edging tC1 maintain mulchare.as free of weeds or
encroaching grass.
Frequency of edging shall coa-espood to mqueocy of turfmowing.
Trimming

Areas agreed to be inaccessible to mowing machinery will be maintained with string trimmeis. or as em'UlJDIDfflf.al coodi1iom permit
Freqoeocy of string trimming will coaespood to ftequency of tud' maintenance with
the eueption of late banks, roadside drainage ditches,.and Bahia1mf areas.

w.	Dt-bris Remo"al
Each area prior to mowing w.ill be. patrolled. for trash and other debris to clean area  and reduce risk of ilymg debris during mowing, DTE shall not be obligated to clear areas of excessive trash around dompstets anddock areas{i.e. Styrofoam peanuts).
All areas littered in the landscape .maintenance ixocess will he swept by hand. po'u11ec
b lower, w"aCUDDl,, as conditions permit, and transported to a dumpuig &cili1y on si,te

RemMral of all landscape debris geaen.ted OD. the Property during 1aodscape
maintenance.is the sole responsibilityof DlE . at no additiooal expense to client

·. Fel'tilization

A prelimiaaty turf femlizati011 specificatioo and :.t'liedu.tei is as follows: Tucf shall be fedili2ied four ( 4) times pee :year using a premium turf fertilizer- with min« elements. Eacli application shall coasist of 1.0 tb. of nitrogen per 1,000 sq . ft  of  turf A.dditioaally. DTE shall applya weed & feed in thespring and in the fall.
All sidewalks, roads, curbs, and pasios will be swept clean of aay granular fenilizef
after application to minimize staining d  .	Insec:t & Disease Cont1-ol
Treatment of turf are.as for iofestation •OC disease shall be the responsibility of D IE  .

DTE will implement an integrated Pe.st Managemeot Program• minimize exces.sh ,-e use of  pesticide.and will rely hewa ily  on  c.ontinnal monitoringof insect le\rels.

All products will be applied as directed by the maoufacturec. DIE shall strictly
comply with all state and federal regulations.

DTE employs an active cet1ified Pest Control License issued tmoogh the Florida
Department of Agrimltore and Consumer Seivices.

Il.	IRRIGATION

DTE shall be respoasible foe the operation of the .ini ga tioo systems within the designated areas. The  urigation  systems  shall  be  opemted  to provide  watering frequencies  sufficient to replace soil moisrure below the root zone of all planted areas, including lawns, and taking into ace.aunt the amollllt of ramfall that bas occmred. DTE shall be responsible for controlling the amoum of water- used for :irrigation. and my damage that results from o,ier watering andinsufficient watering.

DTE shall fully iaspect aad operate all the inigation :zones on a IDOlltb1y basis and
immediately report any andall problems.
Damage caused by improper operation  of  the imgation s}'Stems or  damages incw:red
through Landscape opetatioos shall be the respoost"bili.ty of DTE and shallbe repairedby

DTE within tweoty-four hoors at DO clwge.

Inigation components damaged by otber tban DTE due to ccostrudion. "-andalism_ or other' causes shall be reported to tbe Customer. DTE, ifaut!Jofized by ibe Customec. shall repair the damage at a fair madret price or cost plus 15% basis.
PLi\J.'\7JNG BEDS, SHRUBBERY, WOODY O&"'iAME  "TAL, GROU1\'DC0\1ERS, ALL PALI\I TREES AND ALL 01:liER TREE CARE SPECIDCAIION

Pruning

All pnmiDg and thimJing will  have  the  distinct  objecli\ie of  retaining  the. p an r.  m 'lfflll ' and the  origmal  design  specifications,  uti1ess  Customer  requests otherwise.

Plants, hedges. sbrnbbety and trees obstmcting pedestrian Ol' automobile traffic and damaged ptams. shall be pruned as needed. All Meas are to be left ftee of clipping$ followingpruning.

ii	Tttt Pnming

Trees shall be maintained V!.,ith clear mmks with lower branch ela•ations to 10 feet.

Tree interior sucker branches and dead wood shall be..removed up to a height not a;ceeding 14' from ground. Moss removal and tree t·prai 'm,? may be penmmed at an additional clmge.

iii.	PalmPruning
All palms up to a mmnmm heiBJ!t of 15 ' overall shall be pmned and shaped as required removing dead fronds and spent seed pods. Palms up to a maximum of height 15' O\rerall are to be 1horoughly detailed with all fronds trimmed to lateml posi1ion (not "hmricane-cut'') two (2) times ammally.
n-.	Crape Myrtle Pruning
Cmpe Myrtles up to maximum !\eight of 15' ovemll must be pruned and shaped ea.ch February to promote vigorous blooming and maintain desired size and shape. Bmnches are to be iudividoally trimmed back to wood no larg« than 1/2" in diameter. All sucker br.lnrhing, seedpods, and ball.moss must also be remm'ed.

"·	Edging and Trimming

Groundcovers will be coafined to plant bed areas by manna! or chemical me.ans, as em,i momarta1c-ooditioo pennits. "\Veedeatuig" tjpe edging will no be used arouod trees.

,i.	Inuc t and Dist>ase con t.I-ol

Plants will be be.med chemically as reqmred to effecfurely control insect infestation
and diseue as e.n"'icoomeofal.ho:rticultuml and weathec conditioos: pe1Jllil

Customer sball provide DTE access  o a wa  er source 011 the Custome£2 s property for
iosed and disease 001:.trol pll!'pO'a.e, .

rii.	Weed Control
Open ground between plants shall be rn!riotaiued m a condition of acceptab weed density by manual or chemical means. as emriromneotal. borticultum1 and weather c-emditi.ons pemiit.

All mulch areas or planl beds ;;hall be maintained in a coomtioo. of acttptable weed
density.

All prelimiwuy t.cm:oo , trees and pla:atiogs fertilization specification are as follows : Plant beds. shrubs, woody omameutal and groum co"-ef'S shld1be fertilized two times
per year as to maintain good appearance and coloc.

PreliminarySchedule: March& September.

All omameutals wil1 be fertilized utilizing a  product  with  a  balanced  analysis (example B-10 -10} with a· good minor DUtriem c-onteut. Nitrogen sooroe aboo d coosisf of J:i minimum of 509/4 slow release product.

ix.	l\lok bing

Mulch is providednnder this Agreement. All beds or otherwise bare grooud areas and tree rings should be maintained wilh a layer of mulch. su:flicient to cover the bare ground. In the event Customer chooses to purchase addi.tiooal mulching se:niices, DTE shall provide all labor and materials necessar:y to perfoan this wed; at fire followiug price:

Pine Straw Cypress Mulch Pine Bad.:

$5. 50 bale
$4S.OOroyd
$45.00 Cl\ yc!I

ch	material shall rousi.st ofa pemium grade of Pine Stmw, Pine Bark Nuggets or
Cypress Mulch. Owner must first approw-e all mlilchcpem.tions.

IM'i'/2018

The Amma1Flcm.·ers rnaintmanP program is included in this Agreement In the. event Customtt chooses to purebase the. Annual Flo\\rer maintenance program. DTE shall fumish all material, labor, and necessmy soil amendmPBfs for fue installatioo. md replacement of amma1 flowers at the price f $2.00 per 4" pot.

l\finimum Rq,Jattme-nt Sdt edole

"Seasonal Color" - Four-incll pots. pbmted in the followmg schedule awl sp;u:wg_ to
c«respOO.d with the insfallati,on periocl nmess directed differently by Owaet-.

January - March      •
April - Jmie	; July - September  ; O ctober - December  -

Propec annual spacing is as follows:

Amma Bed:img Pbmts Peremual Col

S-10" spacing 12-14" spacing

DTE will. not be held responsible for any acts of God (,u . wind damage, freeze.
damage).

The pnc· ce cf covering plant material during a freeze to preveat dlama ed is an extra
charge to this cootmct anddoes not guarantee plant survival.

CONSTA!IT COLOR:MAINTEN...\. CE

DTE shall be RSpOIJS"l ble for the full and complete care of all " ason al Color" plantings; including watering. mulching, spmyiDg, fertilization, pmoiag, etc., such 1hat the Owner is guar.m eed that every ammal/peremual planting mass shall maintain a healthy, vigorous appearance and shall at all times pccvida the  fin  t  quality  color planting poSS1'b e.

ADDm ONALSER\.'ICES

DTE  shall pro'lli de services  ov«   and , a	·e, the ConfDct Speciik aticm with written
authorization from the Owner. Rates for labor and materials shall be as follows:

Supervisor/Teclmician
laboms Materials

$55.00 per hour
$35.00 perhour Cost+ 15%

Narcooffl!e COmrnunity DevelOpll'lentDistrict -Land5Cape Maintenance Serw:es

Down To Earth - Price Form

'

..

ua1s111.-a<1• Ji- .. ,..,,
mt	Cmuat fettlbatiOrt etCont,O,

......

TASI	NONACIIEST	lAIIINA	NONAPll£	SERVE	Totals	

Turf(a,e
. '	a...,,...,,...,,.,..c.,,.	..,_._,.,_	§--"-.a:"';'"'.	,..,.c...,	- .,_,_	,.,- c._c.-	

fertlir:llbn
HIConttd			. .
- -	71_15	..!:!2,_

--- .	
	._,."		. _s:,,m.n	--- . - -	

-W d/DifwKa>C...rol

	
.. ..	
	
U.!!I..IO.	
•-	
l,L(l)OIJO	
$!4f0.&0	

l'«tikallon
l!!l!d/l>isa•C-ol
l'ti!G>nuol
.lldl/"I    -  ---- -	
 	Subratal
lniptianSyrtam Monltotilf

.....

     _ S..bto

! ::-----.---

 	_ j

f atal!	L.J=IOMO.o=•--·== = =J	L  i.,o;,;,o,	-   I

r So.mo.a,	

Cast of One Additional Mukhln1
SeNice Annually

[:_;,,..,m	
"'"""'

.I

(_ S4.llO_ODO

 	,] [ s,,-

NDt.H:
n,.,....,.,....illed .-       ...  ,  df..., for lh< i;.,,. porlod _..,_ n,ehaedlttwlindudethoConllal1ot'<prolluod ......,. 	,r11eodo,.;a11

'""'Md • .,..,... of any,....., ...........,,-	....wltlNllrtll:nllJUon. trllldlsllla!y,-·	... -k  IAd.11...,.. .
. lnwolces Wi1bl subnlitlld monthly, pror111d, Ustod &I. the atxNit f• t..

EXHIBITC

Form of Change Order

WORK AUTHORIZATION FOR ADDITIONAL LANDSCAPE MAINTENANCE SERVICES

THIS  WORK  AUTHORIZATION  (the  "Work Authorization"), dated 	, 20_ authorizes certain work in accordance with that certain Agreement for Landscape and Maintenance Services (the "Agreement"), dated  	_,2018, by and between:

Narcoossee Community Development District, a local unit of special-purpose government located in the City of Orlando, Orange County, Florida, and whose mailing address is 135 W. Central Blvd., Suite 320, Orlando, Florida 32801 (the "District"); and

SSS Down To Earth Opco LLC, an Ohio limited liability company, whose mailing address is P.O . Box 738, Tangerine, Florida 32256 (the "Contractor").

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

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

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

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

NARCOOSSEE	COMMUNITY DEVELOPMENT DISTRICT

Secretary	Chairman, Board of Supervisors

SSS DOWN TO EARTH OPCO, LLC

Witness	By: 	_ Its:----------------
Exhibit A: Proposal/Scope of Additional Services

SECTION VI

SECTION C

SECTION 1

Narcoossee
Community Development District

Summar y  of  Check Register

June 18, 2019 to  August 21, 2019

	Fund	Date	CheckNo.'s	Amount	
	General Fund	6/24/19	1820	$	702.70	
		7/7/19	1821	$	5,596.60	
		7/10/19	1822-1824	$	3,957.47	
		7 /17 /19	1825	$	8,203.33	
		7 /24/19	1826	$	41,574.19	
		7/25/19	1827	$	940.00	
		7/31/19	1828-1830	$	2,639.51	
		8/12/19	1831	$	5,495.53	
		8/21/19	1832-1834	$	10,001.33	
				$	79,110.66	
	Capital Reserve - G&H Parcels	8/15/19	1	$	11,617.20	
				$	11,617.20	
	Payroll	Tune 2019			
		Betsy Burgos	50322	$	184.70	
		Jeffrey Smyk	50323	$	184.70	
		Peter Wong	50324	$	184.70	
		Stephen Giercyk	50325	$	184.70	
				$	738.80	
				$	79,849.46 I	

CHECK  VEND# •....INVOICE.••....•EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
6/24/19 00072	6/14/19 1695887	201905 310-51300-31100
GEN.ENG.WO#l-2017/BRD MTG 6/14/19 1695888	201905 310-51300-31100
2019 ANN.ENG.RPRT FINAL

STATUS	AMOUNT	CHECK.••••
AMOUNT	#
*	587.50
*	115.20

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

DEWBERRY ENGINEERS INC.

- -  -  -  - - - - -  -  -  -70-2-.70-

001820

7/07/19 00043	7/01/19
7/01/19
7/01/19
7/01/19
7/01/19
7/01/19
7/01/19
7/01/19
7/01/19
7/01/19
- - - - - - - - - - - - -

337	201907 310-51300-34000
MANAGEMENT FEES JUL19
337	201907 310-51300-35100
INFORMATION TECH JUL19
337	201907 310-51300-31300
DISSEMINATION FEE JUL19
337	201907 310-51300-51000
OFFICE SUPPLIES JUL19
337	201907 310-51300-42000
POSTAGE JUL19
337	201907 310-51300-42500
COPIES JUL19
337	201907 310-51300-41000
TELEPHONE JUL19
338	201907 320-53800-12000
FIELD MANAGEMENT JUL19
338	201907 330-53800-12000
FIELD MANAGEMENT JUL19
338	201907 340-53800-12000
FIELD MANAGEMENT JUL19
GOVERNMENTAL MANAGEMENT SERVICES

*	3,689.58
*	141.67
*	83.33
*	18.61
*	18.80
*	72.90
*	6.46
*	347.00
*	846.33
*	371.92
- - - -  -  -  -  -  -  -  -5,-59-6.-6-0 001821

7/10/19 00022	6/30/19
6/30/19
6/30/19

178383	201906 330-53800-46300	*
LA VINA AQUAT MGMT-JUN19
178384	201906 320-53800-46300	*
NNA.CRST AQUAT MGMT-JUN19
178386	201906 340-53800-46300	*
NNA.PRSV AQUAT MGMT-JUN19

500.00
348.00
350.00

7/10/19 00005

7/10/19 00085

APPLIED AQUATIC MANAGEMENT, INC.
6/30/19 108297	201905 310-51300-31500
TRNSMT CAP.CONVERSION LTR 6/30/19 108298	201905 310-51300-31500
PREP/ATD BRD MTG/TRAVEL
HOPPING GREEN & SAMS
7/09/19 1338	201907 330-53800-46000
SND/PNT MONUMNT-MIRABELLA 7/09/19 1339	201907 330-53800-46000
SND/PNT MONUMNT-CAPRI ENT
NARC -NARCOOSSEE - !ARAUJO

- - - -  -  - -	- - -1-,1-98-.0-0 001822

-

*	14.15
*	1,870.32
- - - - -  -  -  -  -  - -1-,8-84-.4-7 001823
*	250.00
*	250.00

CHECK  VEND# •••..INVOICE.•••• •••EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
7/09/19 1340	201907 330-53800-46000
SND/PNT MONUTMENT-ZIANI 7/09/19 1341	201907 330-53800-46000
SND/PNT MONUMENT-SOLVINO

STATUS	AMOUNT		•••.CHECK•••.• AMOUNT	#
*	250.00
*	125.00

7/17/19 00069

HERITAGE SERVICE SOLUTIONS LLC
7/10/19 40827	201907 340-53800-46200
NNA.PRSV.LNDSCP MNT-JUL19 7/10/19 40836	201907 320-53800-46200
NNA.CRST.LNDSCP MNT-JUL19 7/10/19 40840	201907 330-53800-46200
LA VINA LNDSCP MNT-JUL19

- - - -  -  -  - -	-  -  -87-5.-00-

-

*	2,450.00
*	1,703.33
*	4,050.00

001824

7/24/19 00034

DOWN TO EARTH LAWNCARE II, INC
7/24/19 07242019 201907 300-20700-10500
FY19 DEBT SERVICE SER2013

-  - -  -  - -  -  -  -  - -8,-2-03.-33- 001825
*	41,574.19

7/25/19 00072

NARCOOSSEE COD C/0 US BANK
7/12/19 1708296	201906 310-51300-31100
GEN ENG/FENCE/BIDS

- -	- -  - - -	-

-	-

*	940.00

4-1,-57-4.-19-

001826

7/31/19 00069

7/31/19 00043

DEWBERRY ENGINEERS INC.
6/27/19 39619	201906 340-53800-46400
NNA.PRSV-MAINLN TURND OFF 6/27/19 39629	201906 320-53800-46400
NNA.CRST-IRRG.RPRS-JUN19 6/30/19 40743	201906 320-53800-46400
NNA.CRST-IRG.MNLINE-JUN19
DOWN TO EARTH LAWNCARE II, INC
7/23/19 CF0234	201907 320-53800-46000 STORM WATER INSPECTION

- -  - - - -  -  -  -  - - -94-0.-00-
*	105.00
*	96.70
*	468.27
- -  - - - -  - - - -  -  -66-9-.97-
*	140.00

001827

001828

7/31/19 00005

8/12/19 00043

GOVERNMENTAL MANAGEMENT SERVICES
7/26/19 108849	201906 310-51300-31500
REVIEW/PREP/ATTEND MTG
HOPPING GREEN & SAMS
8/01/19 340	201908 310-51300-34000
MANAGEMENT FEES-AUG19
8/01/19 340	201908 310-51300-35100
INFORMATION TECH-AUG19
8/01/19 340	201908 310-51300-31300
DISSEMINATION FEE-AUG19 8/01/19 340	201908 310-51300-51000
OFFICE SUPPLIES

*	1,829.54

*	3,689.58
*	141.67
*	83.33
*	.18

140.00 001829

1,829.54 001830

NARC -NARCOOSSEE - !ARAUJO

CHECK  VEND# .••••INVOICE..•••..•EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
8/01/19 340	201908 310-51300-42000
POSTAGE
8/01/19 340	201908 310-51300-42500
COPIES
8/01/19 340	201908 310-51300-41000
TELEPHONE
8/01/19 341	201908 320-53800-12000
FIELD MANAGEMENT-AUG19
8/01/19 341	201908 330-53800-12000
FIELD MANAGEMENT-AUG19
8/01/19 341	201908 340-53800-12000
FIELD MANAGEMENT-AUG19

STATUS	AMOUNT	CHECK.••..
AMOUNT	#
*	6.00
*	2.10
*	7.42
*	347.00
*	846.33
*	371.92

8/21/19 00022

GOVERNMENTAL MANAGEMENT SERVICES
7/31/19 179026	201907 330-53800-46300	*
LA VINA AQUAT MGMT-JUL19
7/31/19 179027	201907 320-53800-46300	*

*

	7/31/19	

8/21/19	
00069	
8/10/19	
		8/10/19	
		8/10/19	

8/21/19	
00045	
8/07/19	

NNA/PRSC AQAUT MGMT-JUL19
179029	201907 340-53800-46300
NNA.PRSV AQUAT MGMT-JUL19

500.00
348.00
350.00

5,495.53 001831

APPLIED AQUATIC MANAGEMENT, INC.
43445	201908 340-53800-46200	*
NNA.PRSV.LNDSCP MNT-AUG19
43512	201908 320-53800-46200	*
NNA.CRST.LNDSCP MNT-AUG19
43755	201908 330-53800-46200	*
LA VINA LNDSCP MNT-AUG19

2,450.00
1,703.33
4,050.00

1,198.00 001832

DOWN TO EARTH LAWNCARE II, INC
18585	201908 310-51300-31700
ARBITRAGE-SER 2013-FY19

*	600.00

8,203.33 001833

GRAU &   ASSOCIATES	600.00 001834

TOTAL FOR BANK A
TOTAL FOR REGISTER

79,110.66
79,110.66

NARC -NARCOOSSEE -	IARAUJO

BANK C G&H PARCELS
CHECK	VEND# .•...INVOICE........EXPENSED TO...	VENDOR NAME DATE		DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
8/15/19 00001	7/26/19 16267	201907 600-53800-60000
INSTALL ALUMINUM FENCE

STATUS	AMOUNT	••.•CHECK•....
AMOUNT	#
*	11,617.20

SUPERIOR FENCE & RAIL	11,617.20 000001

TOTAL FOR BANK C TOTAL FOR REGISTER

11,617.20
11,617.20

NARC -NARCOOSSEE -	IARAUJO

SECTION 2

•

•

C•e.•.•.••.,••-

N arco ossee
Community Development District

Unaudited Financial Reporting July 31, 2019

Govemmental Management Semces

•

•

•

Table of Contents

1	 	Balance Sheet

2-3	 	General Fund 

Debt Service Fund

Capital Reserves Fund - Nona Preserve

Capital Reserve Fund - Parcels G&H

 	Capital Reserves Fund - Nona Crest

Capital Reserve  Fund -  La Vina

9-10	 	Month to Month

 	Long-Term Debt

 	Assessment Receipt Schedule 

!;;Qmml:!!Ji  n'. Devel21!!]lent Dlstrig

Combined Balance Sheet
For the Period Ended July 31, 2019

 	G!Zl[emme!JYI E11mt T!t!l!!S	
Debt
General	Service	
Capital
Projects	Totals  (Memorandum Only)
2019	

Cash	
$139,738			
$139,738	
Cash-Nona Preserve			$38,267	$38,267	
Cash-Parcels G & H			$82,689	$82,689	
Cash-Nona Crest			$96,427	$96,427	
Cash-La Vina			$125,583	$125,583	
Custody-Excess Funds	$26,854			$26,854	
Series 2013A-11A-2
Reserve A-1		
$104,615		
$104,615	
Prepayment A-1		$290		$290	
Revenue		$184,978		$184,978	
Reserve A-2		$51,394		$51,394	
Excess Revenue		$0		$0	
Due from General Fund		$0		$0	
Total Assets	$166,592	$341,276	$342,966	$850,834	

Liabilities;					
Accounts Payable	$850		$44,255	$45,105	
Due to Debt Service	$0			$0	
Fund Balances:					
Restricted for Debt Service		$341,276		$341,276	
Assigned for Capital Projects - Nona Preserve			$38,267	$38,267	
Assigned for Capital Projects - GH			$71,072	$71,072	
Assigned for Capital Projects - Nona Crest			$96,427	$96,427	
Assigned for Capital Projects - La Vina			$92,945	$92,945	
Unassigned	$165,742			$165,742	
Total Liabilities and Fund Equity					
& Other Credits	$166,592	$341,276	$342,966	$850,834	

Page 1

C.Ommunity Development District
General Fund
Statement of Revenues & Expenditures For the Period Ended July 31, 2019

Adopted	Prorated Budget	Actual

Revenues:		
Maintenance Assessments	$297,263	$297,263	$304,866	$7,603	
Interest	$0	$0	$482	$482	
Total Revenues	 	$297,263	$297,263	$305,347		$8,0841
•	
Expenditures;							
Administrative							
Supervisor Fees			$6,000	$5,000	$3,800	$1,200	
FICA			$459	$383	$291	$92	
Engineering			$10,000	$8,333	$5,345	$2,988	
Assessment Roll			$5,000	$5,000	$5,000	$0	
Attorney Fees			$17,000	$14,167	$8,765	$5,401	
Annual Audit			$3,000	$3,000	$3,000	$0	
Dissemination			$1,250	$1,042	$833	$208	
Arbitrage			$600	$0	$0	$0	
Trustee Fees			$2,750	$2,750	$2,963	($213)	
Management Fees			$44,275	$36,896	$36,896	($0)	
Information Technology			$1,700	$1,417	$2,617	($1,200)	
Telephone			$100	$83	$27	$56	
Postage			$450	$375	$143	$232	
Insurance			$21,651	$21,651	$19,683	$1,968	
Printing & Binding			$1,200	$1,000	$189	$811	
Legal Advertising			$1,200	$1,000	$0	$1,000	
Other Current Charges			$360	$300	$406	($106}	
Property Appraiser			$780	$780	$771	$9	
Office Supplies			$150	$125	$74	$51	
Dues, Licenses & Subscriptions			$175	$175	$175	$0	
Contingency			$969	$808	$0	$808	
Total Administrative
Nona Crest		I	 	$119,069		$104,284		$90,978		$13,305 l	
Field Management	$4,164	$3,470	$3,470	$0	
Landscape Maintenance	$25,440	$21,200	$17,033	$4,167	
Irrigation Repairs	$3,000	$2,500	$2,891	($391)	
Lake Maintenance	$4,300	$3,583	$3,132	$451	
Wall Repairs/Cleaning	$0	$0	$1,250	($1,250}	
Feature Lighting	$750	$625	$649	($24)	
Miscellaneous Common Area	$5,262	$4,385	$2,383	$2,002 •	

 	Bud et	Thru 7/31/19	Thru 7/31/19	Variance	

Total Nona Crest	I 	$42,916	$35,763	$30,809	$4,9551 

Page2

General Fund
Statement of Revenues & Expenditures For the Period Ended July 31, 2019

Adopted	Prorated Budget	Actual
 	Bud et	Thru 7/31/19	Thru 7/31/19	Variance	

l:!!:iiJ1g_		
Field Management	$10,156	$8,463	$8,463	$0	
Landscape Maintenance	$51,100	$42,583	$40,500	$2,083	
Irrigation Repairs	$4,000	$3,333	$751	$2,583	
Lake Maintenance	$6,180	$5,150	$5,000	$150	
Utilities	$8,340	$6,950	$5,485	$1,465	
Wall Repairs/Cleaning	$6,000	$5,000	$2,525	$2,475	
Salvino Streetlighting	$2,710	$2,258	$2,236	$23	
Capri Streetlighting	$3,850	$3,208	$3,178	$31	
Miscellaneous Common Area	$1,069	$891	$1,475	($584)	

*
Total La Vina	I 	$93,405	$77,838	$69,612	ss,22s I

Field Management	$4,463	$3,719	$3,719	($0)	
Landscape Maintenance	$29,400	$24,500	$24,500	$0	
Irrigation Repairs	$2,200	$1,833	$2,441	($608)	
Lake Maintenance	$4,300	$3,583	$3,500	$83	
Miscellaneous Common Area	$1,510	$1,258	$1,600	($342)	

Nona Preserve

*

Total Nona Preserve	 	$41,873	$34,894	$35,760		($86611

Maintenance Expenses Total Expenditures

 	$178,194	$148,495	$136,181		$12,3141
I 	$297,263	$252,779	$227,159		$25,6191

other Sources (Uses)
Transfer Out		($23,785)	($23,785)	($23,785)	$0 Total Other Sources (Uses)	I 	($23,785)	($23,785)	($23,785)	so I

Excess Revenues (Expenditures) Fund Balance - Beglmlng
Fund Balance - Ending

Includes New Plant Installation

($23,785)	$54,403
•
 	$23,785	$111,339	
•
 	$0		$165,742	
•

Page3

Debt Service Fund

	Adopted	Prorated Budget	Actual		
	Budget	Thru 7/31/19	Thru 7/31/19	Variance	

Revenues:							
Assessments - Tax Roll			$317,131	$317,131	$325,269	$8,138	
Interest			$1,000	$833	$5,860	$5,027	
Total Revenues			 	$318,131		$317,964		$331,130		$13,165 1	

Expenditures;							
Series 2013A-1							
Interest Expense 11/01			$44,703	$44,703	$44,703	$0	
Principal 5/01			$120,000	$120,000	$120,000	$0	
Interest Expense 5/01			$44,703	$44,703	"$44,703	$0	
Series 2013A-2							
Interest Expense 11/01	$28,188	$28,188	$28,188	$0		
Principal 5/01	$45,000	$45,000	$45,000	$0		
Interest Expense 5/01	$28,188	$28,188	$28,188	$0		

Statement of Revenues & Expenditures For the Period Ended July 31, 2019

I

Total Expenditures	I 	$310,780	$310,780	$310,780	so I Excess Revenues (Expenditures)	I 		$7,351			$20,350		I Fund Balance - Beginning	I       $163,677		$320,927
Fund Balance - Ending	I       $171,028	$341,276

Page4

Capital Reserve Fund - Nona Preserve Statement of Revenues & Expenditures For the Period Ended July 31, 2019

Adopted
Budget

Prorated Budget
Thru 7/31/19

Actual
Thru 7/31/19

Variance

Revenues:

Expenditures:		

Capital Projects	$0	$0	
$0	
$0	
Total Expenditures	I	 	$0	$0	$0		so I	
Excess Revenues (Expenditures)	I	$323	$326	

Transfer In			$323	$323	$323		$0 Interest				$0		$0		$3		$3 Total Revenues	I	 	$323	$323	$326		$3 I

Fund Balance - Beginning	I	$32,089	$37,941
Fund Balance - Ending	I	$32,412	$38,267

Pages

Capital Reserve Fund - Parcels G & H Statement of Revenues & Expenditures For the Period Ended July 31, 2019

	Adopted	Prorated Budget	Actual			
	Budget	Thru 7/31/19	Thru 7/31/19	Variance		

Revenues:						
Transfer In	$2,477	$2,477	$2,477		$0	
Interest	$0	$0	$7		$7	
Total Revenues	I	 	$2,477	$2,477	$2,484		$7 l
Expenditures:

Capital Projects	$0	$0	$11,617	($11,617)

Total Expenditures	I	 	$0	$0	$11,617		($11,617)1
Excess Revenues (Expenditures)	I	$2,477	($9,133)
Fund Balance - Beginning	I	$80,206	$80,206
Fund Balance - Ending	I	$82,683	$71,072

Page6

capital Reserve Fund- Nona Crest Statement of Revenues & Expenditures For the Period Ended July 31, 2019

	Adopted	Prorated Budget	Actual			
	Budget	Thru 7/31/19	Thru 7/31/19	Variance		

Revenues:						
Transfer In	$7,105	$7,105	$7,105		$0	
Interest	$0	$0	$8		$8	
Total Revenues	I	 	$7,105	$7,105	$7,113		ss I
Expenditures:

Repairs & Maintenance	$0	$0	$6,036	($6,036)

Total Expenditures	I	 	$0	$0	$6,036		($6,036)1
Excess Revenues (Expenditures)	I	$7,105	$1,077
Fund Balance - Beginning	I	$89,909	$95,350
Fund Balance - Ending	I	$97,014	$96,427

Page 7

Capital Reserve Fund - LaVina Statement of Revenues & Expenditures For the Period Ended July 31, 2019

	Adopted	Prorated Budget	Actual			
	Budget	Thru 7/31/19	Thru 7/31/19	Variance		

Revenues:						
Transfer In	$13,880	$13,880	$13,880		$0	
Interest	$0	$0	$10		$10	
Total Revenues	I	 	$13,880	$13,880	$13,890		s101

Expenditures:		

Dowden Median Improvements	
$50,000	$41,667	$32,638	$9,029	
Total Expenditures	I	 	$50,000	$41,667	$32,638		$9,0291	
Excess Revenues (Expenditures)	I	($36,120)	($18,748)	
Fund Balance - Beginning	I	$91,373	$111,693
Fund Balance - Ending	I	$55,253	$92,945

Page8

 	Oct	Nov	Dec	Jan	Feb	Mar		Apr	May	 Jun	Jul		A':I	Sep	Total

l!l!!IDlmi		
Maintenance Assessments	$0	$3,739	$230,980	$8,659	$7,772	$12,620	$2,129	$3,717	$1,400	$33,850	$0	$0	$3	
Interest	$40	$46	$45	$49	$52	$47	$52	$51	$52	$50	$0	$0	

Total Rewnues	
$40	
$!1785	
$231,025	
$8,708	
$7,823	
$12.567	sm	
$3,767	
$1r.!51	
$33,900	$0	$0	$3	
ExnendJtwe1;													

04,866
$482
051347 1

so

Admiaistratire
Supervisor Fees	$0	$1,000	$0	$0	$0	$1,000	$0	$1,800	$0	$0	$0	$3,800
FICA		$0		$77	$0	$0	$0		$77		$0		$0	$138	$0	$0	$0		$291 Engineering		$0	$705	$0	$0	$0	$1,418	$1,580	$703	$940	$0	$0	$0	$5,345 Assessment Rall	$5,000			$0	$0	$0	$0			$0                   $0                   $0                    $0                    $0                    $0                    $0               $5,000 Attorney                                                    $250               $1,696                       $0              $408               $515                 $1,982                     $201             $1,884                    $0              $1,830                       $0                      $0              $8,765 Annual Audit                                      $0                       $0                       $0                  $0                  $0               $3,000                         $0                   $0                    $0                     $0                       $0                      $0               $3,000 Dissem!nation                                           $83                    $83                     $83                 $83                  $83                     $83                       $83                  $83                  $83                   $83                       $0                      $0                  $833  Arbitrage                                                      $0                      $0                       $0                    $0                    $0                       $0                         $0                     $0                     $0                     $0                       $0                      $0                      $0 Trustee Fees                                                           $0                     $0                       $0                  $0                  $0                 $2,963                         $0                   $0                     $0                     $0                     $0                      $0            $2,963
Management fees	$3,690	$3,690	$3,690	$3,690	$3,690	$3,690	$3,690	$3,690	$3,690	$3,690	$0	$0	$36,896
tnfonnation Technology	$142	$142	$142	$1,342	$142	$142	$142	$142	$142	$142	$0	so       $2,617
Telephone	$0	$12	$0	$0	$0	$0	$0	$9	$0	$6	$0	$0	$27
Postage	$10	$50	$5	$15	$0	$2	$25	$10	$8	$19	$0	$0	$143
Insurance	$19,683	$0	so	$0	$0	$0	$0	$0	$0	$0	$0	$0	$19,683
Printing & Binding	$20		$0	$27		$0	$1		$2	$28	$2	$36	$73	$0	$0	$189 legal Advertising		$0		$0		$0		$0	$0		$0		$0	$0		$0		$0	$0	$0		$0 other current Charges	$51	$53	$59	$36	$7	$36                         $38                    $39                    $41                     $45                         $0                        $0               $406
Property Appraiser	$771	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$771
Office Supplies	$1	$0	$18	so	so	$0	$18	$0	$18	$19	$0	$0	$74
Dues, Licenses & Subscriptions	$175	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$175
Contingency	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Adminl>trati11e	$29,876	$7 .7	$4,024	$5,574	$4,438	$14,393	$5,803	$6,563	$6	$5,906	$0	$0	$901!?8 I

Page 9

f!l!s!;.		

Field Management	$347	$347	$347	$347	$347	$347	$347	$347	$347	$347	$0	$0	$3,470	
Landscape Maintenance	$1,703	$1,703	$1,703	$1,703	$1,703	$1,703	$1,703	$1,703	$1,703	$1,703	$0	$0	$17,033	
Irrigation Re pai rs	$0	$75	$0	$0	$640	$377	$1,057	$177	$565	$0	$0	$0	$2,891	
la ke Maintenance	$348	$348	$348	$348	$348	$348	$348	$348	$348	$0	$0	$0	$3,132	
Wall Re paiis/a eaning	$0	$0	$0	$1,250	$0	$0	$0	$0	$0	$0	$0	$0	$1,250	
Feature Lighting	$0	$0	$0	$0	$0	$0	$649	$0	$0	$0	$0	$0	$649	
Miscellaneous Common Area	$1,198	$370	$0	$0	$0	$0	$675	$0	$0	$140	$0	$0	$2,383	
Total Nona Oest	$3	$2,843	$2,398	$3,648	$3,039	$ 775	$4,780	$2,576	$21!63	$2.190	$0	$0	$30,809 1	
L!!Jti!!9.
Field Management	

$846	

$846	

$846	

$846	

$846	

$846	

$846	

$846	

$846	

$846	

$0	

$0	

$8,463	
Landscape Maintenance	$4,050	$4,050	$4,050	$4,050	$4,050	$4,050	$4,050	$4,050	$4.050	$4,050	$0	$0	$40,500	
Irrigation Repairs	$0	$322	$0	$143	$0	$218	$0	$68	$0	$0	$0	$0	$751	
lake Maintenance	$500	$500	$500	$500	$500	$500	$500	$500	$500	$500	$0	$0	$5,000	
Utilities	$564	$662	$393	$746	$530	$538	$626	$609	$483	$334	$0	$0	$5,485	
Wall Oeanl1111	$0	$0	$0	$0	$0	$0	$2,525	$0	$0	$0	$0	$0	$2,525	
SoMno Streetllghting	$222	$222	$222	$224	$224	$224	$224	$224	$224	$224	$0	$0	$2,236	
C.pri Streetlighting	$316	$316	$316	$319	$319	$319	$319	$319	$319	$319	$0	$0	$3,178	
Miscellaneous Common Area	$600	$0	$0	$0	$0	$0	$0	$0	$0	$875	$0	$0	$1,475	
Total La Vino	$7.lm	$6,918	$6,328	$6,IIZS	$6,469	$6,694	s,12?2	$6,616	$6,422	$7,148	$0	$0	$6 9,612 1	

Nonae,eseryr														
Field Management	$372	$372	$372	$372	$372	$372	$372	$372	$372	$372	$0	$0	$3,719	
Landscape Malntenanoe	$2,450	$2,450	$2,450	$2,450	$2,450	$2,450	$2,450	$2,450	$2,450	$2,450	$0	$0	$24,500	
Irrigation Re pairs	$55	$0	$359	$138	$671	$0	$868	$244	$105	$0	$0	$0	$2,441	
Lake Maintenace	$350	$350	$350	$350	$350	$350	$350	$350	$350	$350	$0	$0	$3,500	
Miscellaneous Common Area	$0	$0	$0	$0	$0	$0	$1,600	$0	$0	$0	$0	$0	$1,600	
Total Nona ,.,.,.erve	 	$3,U7	$3,l n	$3,531	$3,310	p,843	 	$3,172	$5,640	$3A16	$3,277	S3,1n	 	$0		$0	$35,760 1	

0<1	Nov	Dec	Jan	Feb	Mar	"I!!	Mal	Jun	Jul	A	s	Total

Tomi fltpendltures	SO?t 7	szo,441	$16,281	$191!61	$17,788	$27,035	SZS.3U	$19,170	$19,557	$18 17	$0	$0	s221,1s,	
QJbl:[ EIDilm:IDI lmm:1IUHI)	
Transfer Out	
$0	
$0	

$0	
$0	

($23,785)	
$0	
$0	
$0	
$0	
$0	

$0	
$0	

($23,785)	

Excess Revenues (Expenditures)	j$4!iml	
1s1616S6I	
$214,744	
s1 10.&S3I	
1 33,7491	
1$14,3681	
s1n .w 1	
s1 is ,4031	
s1 1e,10&1	
$15,483	$0	$0	$54,4031	

I

Page 10

Narcoossee
Community Development District

SERIES 2013A-1, SPECIAL ASSESSMENT REFUNDING BONDS

LONG TERM DEBT REPORT

MATURITY DATE:
RESERVE FUND DEFINITION RESERVE FUND REQUIREMENT	5/1/2033
50%0F MAXIMUM ANNUAL DEBT SERVICE
$104,615	
RESERVE FUND BALANCE	$104,615	

BONDS OUTSTANDING- 9/30/13	
$2,885,000	
LESS: PRINCIPAL PAYMENT 5/1/14	($110,000)	
LESS: PRINCIPAL PAYMENT 5/1/15	($110,000)	
LESS: PRINCIPALPAYMENTS/1/16	($110,000)	
LESS: PRINCIPAL PAYMENT 5/1/17	($115,000)	
LESS: PRINOPAL PAYMENT 5/1/18	($115,000)	
LESS: PRINCIPAL PAYMENT 5/1/19	($120,000)	
CURRENT BONDS OUTSTANDING	$2,205,000	

SERIES 2013A-2, SPECIAL ASSESSMENT REFUNDING BONDS	
MATURITY DATE:	5/1/2033	
RESERVE FUND DEFINITION	50% OF MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$51,394	
RESERVE FUND BALANCE	$51,394	
BONDS OUTSTANDING-9/30/13	$1,295,000	
LESS: PRINCIPAL PAYMENT 11/1/13	($70,000)	
LESS: PRINCIPAL PAYMENT 5/1/14	($35,000)	
LESS: PRINCIPAL PAYMENT 5/1/15	($35,000)	
LESS: PRINCIPAL PAYMENT 5/1/15	($10,000)	
LESS: PRINCIPAL PAYMENT 5/1/16	($40,000)	
LESS: PRINCIPAL PAYMENT 5/1/17	($40,000)	
LESS: PRINCIPAL PAYMENT 5/1/18	($45,000)	
LESS: PRINCIPAL PAYMENT 5/1/19	($45,000)	
CURRENT BONDS OUTSTANDING	$975,000	

Page 11

NARCOOSSEE
COMMUNITY  DEVELOPMENT DISTRICT

SPECIAL ASSESSMENT RECEIPTS • FV2019

11/13/18
11/19/18
12/3/18
12/10/18
12/17/18
12/24/18
1/14/19
2/19/19
3/14/19
4/11/19
5/9/19
6/13/19
7/11/19

1
2
3
4
5
6
7
8
9
10
11
12
13

$
$
$
$
$
$
$
$
$
$
$
$
$
s

1,933.08
6,131.87
27,034.72
92,104.90
149,810.28
228,166.91
18,631.37
17,340.30
25,650.66
4,453.48
7,692.51
2,696.98
69,965.46

$
$
$
$

s
$

s
$

$

90.43
245.26
1,081.34
3,684.00
5,992.22
9,126.23
733.38
679.63
687.79
52.29
10.39

$
$
$
$
$
$
$
$

$

597.06

s

$

s
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
1,121.66 $
$
$
$
$

1,842.65
5,886.61
25,953.38
88,420.90
144,003.06
219,040.68
17,897.99
16,063.61
26,084.53
4,401.19
7,682.12
2,892.92
69,965.46

$
$
$
$
$
$
$
$
$
$
$

891.49    $
2,848.00    $
12,556.51   $
42,778.93    $
69,670.15    $
105,974.11    $
8,659.23    $
7,771.74    $
12,619.96   $
2,129.34    $
3,716.69
1,399.62
33,850.00

951.16
3,038.61
13,396.87
45,641.97
74,332.91
113,066.57
9,238.76
8,291.87
13,464.57
2,271.85
3,965.43
1,493.30
36,115.46

s

s

$

185.00

s
$
$
$
$
$
$
$

s
$ 22,382.96

s

$

s
$

$

s
$

$

$

195 .94

s
$

$

s

s

1,842.65
5,886.61
25,953.38
88,420.90
144,003.06
219,040.68
17,897.99
16,063.61
26,084.53
4,401.19
s	7,682.12
$	2,892.92
$	69,965.46

Totals

651,612.52

$

597.06 $

1,502.60 $ 630,135.10

304,865.77 $ 325,269.33 $ 630,135.10

TAX COLLECTOR

Gross Assessments	$	653,584	$	316,211	$	337,373	
Net Assessments	$	614,369	$	297,238	$	317,131
2013	
Date		Gross Assessments	Discounts/	Commissions	Interest	Net Amount	General Fund	Debt Svc Fund	Total	
Received	Dist,#	Received	Penalties	Paid	Income	Received	48.38%	51.62%	100%	

Page 12

SECTION 3

NARCOOSSEE COMMUNITY DEVELOPMENT DISTRICT
$4,180,000
SPECIAL ASSESSMENT REFUNDING BONDS SERIES 2013A
ARBITRAGE REBATE REQUIREMENT FEBRUARY 28, 2019

Grau & Associates
CERTIFIED PUBLIC ACCOUNTANTS

951 Yamato Road • Suite 280 Boca Raton, Florida 33431 (561) 994-9299 • (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

July 18, 2019

Narcoossee Community Development District City of Orlando, Florida

Re:	$4,180,000 Narcoossee Community Development District (City of Orlando, Florida),
Special Assessment Refunding Bonds, Series 2013A (the "Bonds")

Narcoossee Community Development District has requested that we prepare certain computations related to the above-described Bonds for the year ended February 28, 2019 ("Computation Period"). The engagement consisted of the preparation of computations to be used to assist in the determination of the amount, if any, of the Rebate Requirement for the Bonds for the Computation Period as described in Section 148(f) of the Internal Revenue Code of 1986, as amended ("Code").  You have the ultimate responsibility for your compliance with arbitrage rebate laws; therefore, you should review the calculations carefully.

In order to prepare these computations, we were provided with the following information: various trust statements and the Official Statement for the Bonds.  We  did not verify or otherwise audit the accuracy of information provided to us by you or the Trustee, and accordingly, we express no opinion on such information. The attached schedules are based upon the aforementioned information provided  to  us. A brief description of the attached schedules is attached.

The results of our computations based on the information provided to us indicate a negative Rebate Requirement of ($43,054)  for February  28, 2019.  Consequently, our results indicate no amount must be on deposit in the Rebate Fund.

The Rebate Requirement has been determined as described in the Code and the Arbitrage Rebate Regulations. We have no obligation  to update this report because of events occurring, or information coming to our attention, subsequent to the date of this report. It is understood that these calculations are solely for the information of, and assistance to, the addressee for the purpose  of complying  with the Code and  the Arbitrage Rebate Regulations. Our report is not to be used  for  any  other purpose.

Grau & Associates

DESCRIPTION OF ATTACHED SCHEDULES

Summary of Rebate Calculations - Provides a summary of the rebate calculations.

Purpose Expenditures Future Value Report - Verifies the rebate calculation.  The report future values the purpose expenditures by the arbitrage yield limit to the computation date (February 28, 2019).

Arbitrage Yield Limit (AYL) Verification Report - Verifies the calculation  of  the arbitrage yield limit and the arbitrage gross proceeds. Discounts the debt service schedule by the arbitrage yield limit.

True Interest Cost (TIC) Verification Report - Verifies the calculation of the  true interest cost and the gross proceeds. Discounts the debt service schedule  by the  true interest cost.

Unspent Proceeds Report - Verifies the amount of unspent proceeds. Lists purpose expenditures in chronological order.

Internal Rate of Return (IRR) Report Via Purpose Expenditures - Verifies the internal rate of return for the investment portfolio. This report presents values the purpose expenditures by the internal rate of return to the delivery date.

Narcoossee Community Development District Special Assessment Refunding Bonds, Series 20 I 3A Summary of Rebate Calculations
$ 4,I 80,000.00

Dated: Delivered:

03/15/2013
03/15/2013

A1111iversary Date. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	05/01/2013	
Future-Value Date. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	02/2812019	
A,-bitrage Yield Umil. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	4 .3887 635	
Total f Purpose Expenditures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	$4,020,285.00	
l11temal Rate of Return. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	0.3485246	
90% of rebate liabilify. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	-$38,748.72	
Full rebate liabili!J. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	-$43,054.13	

NARCOOSSEE-2013-A I FY: 1 I Mun-EaseElevateMalnDb116.95f EDB I 07/18/2019 I 16:25 I Rpt22
Grau & Associates	Page	1
Grau & Associates CPAs

Narcoossee Community Development District	Dated:	03/15/2013
Special Assessment Refunding Bonds, Series 20 I 3A	Delivered:	03/15/2013
Purpose Expenditures Future Value Report	FJ1l11re Valued To:	02/28/2019
$ 4.180,000.00
Transaction	Group F1111d	Future Value Ca!CHlation Amt	FV	FV
Date	ID	ID	Dm-ription	Penod1	(Int. Eaming1)	Pool%	Factor	Amo1111t

3/15/2013	-1	COi	Beg. Arbitrage Gross Proceeds	11.9055556	-4,173,005.65	100.0000000    1.2948931	-5,403,596.22
3/15/2013	2014	COi	11.9055556	96,023.00      100.0000000   1.294893 I	124,339.52
3/15/2013	2014	Underwriter's discount	11 .905S556	62,700.00	L00  . 0000000  1.2948931	81,189.80
3/15/2013	2014	Payment to escrow	11.9055556	4,468,440.00	100.0000000    1.2948931	5,786,152.13
3/15/2013	2014	Transferred funds	11.9055556	-629,217.00	I 00.0000000    1.2948931	-814,768.75
3/18/2013	2014	COi	11.8888889	4,194.00     100.0000000    1.2944247	5,428.82
4/1/2013	2014	COi	11.8166667	7,900.00	100.0000000    1.2923971	10,209.94
4/2/2013	2014	Reserve A-I	11.8111111	1.00     100.0000000    l.2922412	1.29
6/4/2013	2014	COi	11.4666667	488.00    100.0000000    1.2826156	625.92
6/6/2013	2014	COi	11.4555556	3,301.00     100.0000000    1.2823062	4,232.89
12/9/2013	2014	ReserveA-2	l0.4388889	5.00     100.0000000   1.25431  79	6.27
12/9/2013	2014	Reserve A-I	10.4388889	9.00     100.0000000   1.2543179	11.29
2/17/2015	2016	ReserveA-2	8.0611111	4.00     100.0000000    1.1912208	4.76
3/17/2015	2016	Reserve A-I	7.8944444	8.00     100.0000000    1.1869190	9.50
4/2/2015	2016	Reserve A-I	7.8111111	1.00     100.0000000    l.l847740	1.18
S/1/2015	2016	ReserveA-2	7.6500000	2,888.00      100.0000000    1.1806379	3,409.68
5/4/2015	2016	Reserve A-I	7.6 333333	1.00	I 00.0000000    1.1802108	1.18
6/2/2015	2016	Reserve A-I	7.4777778	1.00    100.0000000    1.1762325	1.18
7/2/2015	2016	ReserveA-1	7.3111111	1.00	I 00.0000000    1.1719848	I.I 7
8/4/2015	2016	Reserve A-I	7.1333333	1.00     100.0000000    1.1674709	1.17
9/2/2015	2016	Reserve A-I	6.9777778	I.OD	I00.0000000    1.1635355	1.16
10/2/2015	2016	Reserve A-I	6.8111111	1.00     100 .0000000   1.1593338	1.16
11/3/2015	2016	Reserve A-I	6.6388889	1.00     I 00.0000000   1.1550079	1.16
12/2/2015	2016	ReserveA-1	6.4777778	1.00    100.0000000    1.1509757	I.IS
1/5/2016	2016	ReserveA-1	6.2944444	1.00     I00 .0 000000  11464044	1.15
2/2/2016	2016	Reserve A-I	6.1444444	1.00     I 00.0000000    1.1426778	1.14
3/2/2016	2017	Reserve A-I	5.9777778	1.00    100.0000000    1.1385514	1.14
4/4/2016	2017	Reserve A-I	5.8000000	1.00     100.0000000    1.1341662	1.13
5/3/2016	2017	Reserve A-I	5.6388889	1.00     100.0000000    1.1302068	1.13
6/2/2016	2017	Reserve A-1	5.4777778	1.00     100.0000000   1.1262612	I.I 3
7/5/2016	2017	Reserve A-I	5.2944444	1.00    100.0000000    1.1217881	1.12
8/2/2016	2017	Reserve A-I	5.1444444	1.00	I 00.0000000    1.1181415	1.12
9/2/2016	2017	ReserveA-1	4.9777778	1.00    100.0000000    1.1141037	1.11
10/4/2016	2017	Reserve A-I	4.8000000	1.00     100.0000000    1.1098127	I.II
11/1/2016	2017	ReserveA-2	4.6500000	281.00     100.0000000    1.1062051	310.84
11/2/2016	2017	Reserve A-I	4.6444444	1.00     100.0000000    1.1060717	I.II
12/2/2016	2017	Reserve A-I	4.4777778	1.00    100.0000000    1.1020774	1.10
1/4/2017	2017	RescrveA-2	4.3000000	4.00     I00.0000000    1.()978328	4.39
1/4/2017	2017	Reserve A-I	4.3000000	7.00    100.0000000    1.0978328	7.68
2/2/2017	2017	ReserveA-2	4.1444444	8.00     100.0000000    1.0941321	8.75
2/2/2017	2017	Reserve A-I	4.1444444	16.00     100.0000000   1.0941321	17.51
3/1/2017	2018	ReserveA-2	3.9833333	7.00     100.0000000   1.0903124	7.63
3/1/2017	2018	ReserveA-1	3.9833333	15.00    100.0000000   1.0903124	16.35
4/1/2017	2018	Reserve A-2	3.8166667	11.00    100.0000000   1.0863751	11.95
4/1/2017	2018	Reserve A-I	3.8166667	23.00    100.0000000    l.0863751	24.99

NARCOOSSEE-2013-A I FY: 11 Mun-EaseElevateMainOb116.951EDB I 07/18/2019I16:25 I Rpt15a
Grau & Associates
Grau & Associates CPAs

Page	1

Special Assessment Refunding Bonds, Series 2013A	Delivered:	03/15/2013
Purpose Expenditures Future Value Report	FHllm V alHedTo :	02/28/2019
$ 4,I 80,000.00

Tranractio11	Gro1p	Fu11d		F11t11re Value	Calculation Ami	FV	fl /	
Date	ID	ID	Dercrif_fio11	Penods	(Int. Eamin r)	Pool%	1:-actor	Al1101111t	
511/2017	2018		ReserveA-1	3.6500000	31.00	100.0000000 1.0824519	33.56	
5/1/201 7	2018		ReserveA-2	3.6500000	15.00	100.0000000 1.0824519	16.24	
611/2017	2018		Reserve A-2	J.4833333	16.00	100.0000000 1.0785430	17.26	
6/1/2017	2018		Reserve A-I	3.4833333	33.00	100.0000000 1.0785430	35.59	
7/1/2017	2018		ReserveA-2	3.3166667	21.00	I 00.0000000 1.0746481	22.57	
7/1/2017	2018		Reserve A-I	3.3166667	42.00	100.0000000 1.0746481	45.14	
8/1/2017	2018		ReserveA-2	3.1500 000	26.00	100.0000000 1.0707673	27.84	
811/2017	2018		ReserYeA-1	3.1500000	52.00	100.0000000 1.0707673	55.68	
9/1/2017	2018		RcservcA-2	2.9833333	26.00	I 00.0000000 1.0669006	27.74	
9/1/2017	2018		Reserve A-I	2.9833333	54.00	100.0000000 1.0669006	57.61	
10/112017	2018		ReserveA-2	2.8166667	26.00	100.0000000 1.0630478	27.64	
101112017	2018		Reser\'eA-1	2.8166667	53.00	I00.0000000 1.0630478	56.34	
11/1/2017	2018		RescrYe A-2	2.6500000	27.00	100.0000000 1.0592089	28.60	
11/1/2017	2018		Rescrvc A-1	2.6500000	55.00	100.0000000 l.0592089	58.26	
12/112017	2018		ReserveA-2	2.4833333	28.00	100.0000000 l.05S3838	29.55	
12/112017	2018		Reserve A-I	2.4833333	57.00	100.0000000 1.0553838	60.16	
111/2018	2018		ReserveA-2	2.3166667	35.00	l 00.0000000 1.0515726	36.81	
111/2018	2018		Reserve A-I	2.3166667	70.00	I 00.0000000 1.0515726	73.61	
2/1/2018	2018		ReserveA-2	2.1500000	40.00	1 00.0000000 1.0477752	41 . 9 1	
211/2018	2018		ReserveA-1	2.1500000	81.00	I 00.0000000 1.0477752	84.87	
311/2018	2019		Reserve A-2	1.9833333	37.00	I 00.0000000 1.0439914	38.63	
311/2018	2019		ReseiveA-1	1.9833333	76.00	LOO.0000000 1.0439914	79.34	
4/1/2018	2019		ReseiveA-2	1.8166667	48.00	I 00.0000000 1.0402213	49.93	
4/1/2018	2019		Reser\'eA-1	1.8166667	97.00	100.0000000 1.0402213	100.90	
51112018	2019		RescrveA-2	1.6500000	53.00	100.0000000 1.0364649	54.93	
511/2018	2019		RcscJVeA-1	1.6500000	109.00	100.0000000 1.0364649	11 2.97	
6/1/2018	2019		ReseiveA-2	I 4833333	57.00	100.0000000 1.0327220	58.87	
6/1/2018	2019		Reserve A-1	1.4833333	116.00	I 00.0000000 1.0327220	119.80	
7/1/2018	2019		Rese!YeA-2	1.3166667	60.00	I 00.0000000 1.0289926	61.74	
7/1/2018	2019		Rcse!Ye A-I	1.3166667	122.00	I 00.0000000 1.0289926	125.54	
811/2018	2019		Reseivc A-2	l.l500000	66.00	100.0000000 1.0252767	67.67	
8/112018	2019		ReserveA-1	l.lSOOOOO	134.00	I 00.0000000 1.0252767	137.39	
9/112018	2019		Reserve A-2	0.9833333	66.00	100.0000000 1.0215742	67.42	
9/1/2018	2019		Reserve A-1	0.9833333	135.00	100.0000000 1.0215742	137.91	
10/112018	2019		ReserYe A-2	0.8166667	66.00	100.0000000 1.0178850	67.18	
10/1/2018	2019		Reserve A-I	0.816 6667	135.00	100.0000000 1.0178850	137.41	
11/1/2018	2019		ReserYeA-2	0.6500000	77.00	100.0000000 1.0142092	78.09	
1111/2018	2019		ReserveA-1	0.6500000	156.00	100.0000000 1.0142092	158.22	
12/1/2018	2019		ReserveA-2	0.4833333	76.00	100.0000000 1.0105467	76.80	
12/1/2018	2019		RescrveA-1	0.4833333	155.00	100.0000000 1.0105467	156 .63	
111/2019	2019		ReseJVeA-2	0.316 6667	83.00	100.0000000 1.0068974	83.57	
1/1/2019	2019		Reser\'eA-1	0.3166667	168.00	100.0000000 1.0068974	169.16	
2/1/2019	2019		Rcsen•e A-1	0.1500000	180.00	100.0000000 1.0032613	180.59	
2/1/2019	2019		ReserveA-2	0.1500000	88.00	100.0000000 1.0032613	88.29	
2/28/2019	-1		Unspent Proceeds as of 02/28/2019	0.0000000	156,009.00	100.0000000 1.0000000	156,009.00	

NARCOOSSEE-2013-A I FY: 11 Mun-EaseElevateMainDbl 16.951 EDB I 07/182/019 116 : 25 f Rpt15a
Grau & Associates
Grau & Associates CPAs

Page	2

Special Assessment Refunding Bonds, Series 20 I 3A Purpose Expenditures Future Value Report
$4,180,000.00

Delivered:
F11t11rr Va/11ed T o:

03/15/2013
02/28/2019

	Tra11.raction Date	Gro11p
ID	Fund
ID	
Desc,iption	Fu111111 Value
Periods	Cal,:11/atio11 An1t
(1111.   Eami11gs)	
Pool%	F[/
Factor	FV
A111011nl		
						3,288.35			-43,054.13		

	Arbitrage Yield Limit (AYL) . . . . . . . . . . . . . . .	4.3887635		
	Internal RaJe of Return (IRR) . . . . . . . . . . . . . .	0.3485246		
	Future Valued To.. . . .• .• •	• . , . • , ••..••	2/28/2019		

NARCQOSSEE-2013-A I FY: 11 Mun-EaseElevateMainDb I 16.95f EDB I 07/18/2019 I 16:25 I Rpt15a
Grau & Associates
Grau & Associates CPAs

Page	3

Narcoossee Community Development District	Dated:	03/15/2013
Special Assessment Refunding Bonds, Series 20 I 3A	Delivered:	03/15/2013
A.Y.L. Verification Report	MBS Capital Market1, LLC
MSRB JOI 360 SEMI 4/ J
4, I 80,000.00
Co11pon	Prindpal	Coupon		lntere1t		Cred. Enh./		Periodic	Pmmt  V alue		Di!counted Period	Date	 Pllyme11t		&le	P'!)'l11ent	Sinkin1, Fund A,!J	Debt Servfre		Fa,tor	Debt Sm ict

05/01/2013	21,803.53	21,803 .53	0.9944681	21,682.92
2	11/01/2013	85,318.1 2	85,318 .12	0.973ll 43	83,024.28
3	05/01/2014	145,000.00	5.125	85,318.12	230,318 . 12	0.9522190	219,313.28
4	11/01/2014	83,761.24	83,761.24	0.9317723	78,046.41
5	05/01/2015	150,000.00	5.125	83,761.24	233,761.24	0.9117647	213,135.25
6	11/01/2015	8.1,856.24	81,856 .24	0.8921868	73,031.05
7	05/01/2016	150,000.00	5.125	81,856.24	231,856.24	0.8730292	202,417.26
8	11/01/2016	79,813.74	79,813.74	0.8542829	68,183.52
9	05/01/2017	160,000.00	5.125	79,813.74	239,813.74	0.835939 2	200,469.71
10	l l/01/2017	77,424.37	77,424.37	0.8179894	63,3 32.32
II	05/01/2018	16 0,000.00	5.125	77,424.37	237,424.37	0.8004250	190,040.41
12	II/01/2018	74,833.75	74,833.75	0.7832378	58,612.62
13	05/01/2 019	170,000.00	S.125	74,833.75	244,833.75	0.7664196	187,645.39
14	11/01/2019	71,902.50	71,902.50	0.7499626	53,924.19
15	OS/01/2020	175,000.00	5.125	71,902.50	246,902.50	0.7338589	181,19 1.61
16	11/01/2020	68,746.25	68,746.2 5	0.718101 I	49,366.75
17	05/01/2021	180,000.00	5.125	68,746.25	248,746.25	0.7026815	174,789.40
18	11/01/2021	65,305.62	65,305.62	0.6875931	44,903.70
19	05/01/2022	185,000.00	5.125	65,305.62	250,305.62	0.6728287	168,412.80
20	11/01/ 2022	61,621.24	61,621.24	0.6583813	40,570.27
21	05/01/2023	19 5,000.00	5.625	61,621.24	256,621.24	0.6442441	165,326.72
22	11/01/2023	57,436.24	57,436.24	0.6304105	36,208.41
23	05/01/2024	200,000.00	5.625	57,436.24	257,436.24	0.6168739	158,805.71
24	11/01/2024	53,123.74	53,123.74	0.6036280	32,066.98
25	05/01/202 5	2IO,OOO.OO	5.625	53,123.74	263,123.74	0.5906666	155,418.39
26	11/01/2025	48,468.12	48,468.12	0.5779834	28,013.77
27	05/01/2026	220,000.00	5.625	48,468.12	268,468.12	0.5655726	151,838 .20
28	11/01/2026	43,499.37	43,499.37	0.5534282	24,073.78
29	05/01/2027	235,000.00	5.625	43,499.37	278,499.37	0.5415447	150,819.85
30	11/01/2027	38,189.99	38,189.99	0.529916 3	20,237.50
31	05/01/2028	245,000.00	5.625	38,189.99	283,189.99	0.5185376	146,844.66
32	11/01/2028	32,516.24	32,516.24	0.5074032	16 ,498.85
33	05/01/2029	255,000.00	5.625	32,516.24	287,516.24	0.4965080	142,754. JO
34	11/01/2029	26,598. 1 2	26,598.12	0.4858466	12,922.61
35	05/01/2030	270,000.00	5.625	26,598.12	296,598.12	0.4754142	141,006.97
36	11/01/2030	20,331.87	20,331.87	0.4652058	9,458.50
37	05/01/2031	275,000.00	5.625	20,331.87	295,331.87	0.4552166	134,439.98
38	11/01/2031	13,961.87	13,961.87	0.4454419	6,219.20
39	05/01/2032	295,000.00	5.625	13 , 96 1.87	308,961.87	0.4358771	134,669.42
40	11/01/2032	7,103. 12	7,103.12	0.4265177	3,029.61
41	05/01/2033	305,000.00	5.625	7,103.12	312,103.12	0.4173593	130,259.13

NARCOOSSEE-2013-A I FY: 1 I Mun-EaseElevateMalnOb I 16.951EDB I 07/18/2019116 : 28 I Rpt01h
Grau  & Associates	
Grau & Associates CPAs	Page	1

Narcoossee Community Development District	
Dated:	03/15/2013	
Special Assessment Refunding Bonds, Series 2013A	Delivered:	03/15/2013	

A.Y.L. Verification Report
4.1 80,000.00

l\,fBS Capital Markett, LLC
MSRB  30/J60SEMI4/3

	Coupon	Principal	Coupon	/11/erest	Cred. Enh./	Periodic	Prese111 Value	Disco1111ted	
Peril!d	Date	Pqy1J1ent	Raie	Pqyvm1t	Sinking Fund Atfj	DebJ Seroice	Factor	Debt Service	
4,180,000.00	2,205,427.OJ	0.00	6,385,427.03	4,173,005.47

Tnie Interest Cost (TIC). . . . . .• •.	4.5598531		Face value of bond Issue.	$4,180,000.00	
Net Interest Cos/ (NICj. . . . . . . . . . . . . .	4.5486862		Accrued interest ( • ) . . . . . . .		
Arbitrage Yield limit (Al'L) . . . . . . . . . . . . . . .	4.3887635		Original issue premium/discount (- j. .....	($6,994.35)	
Arbi/rage Net Interest Cost (ANJC). . . . . . . . .	4.4308211		Bond surety fee (-). . . . . . . . . . . . . . . . . . . . .	$0.00	

	Lump-sum credit enhancemenls (-). . . . . . . .	$0.00	
	Other AY/, costs(-). . . .	. . . . . . . . . . . .		
	AYL Target.	$4,173,005.65	

NARCOOSSEE-2013-A I FY: 1 I Mun-EaseElevateMainObI 16.95f EDB I 07/18/2019 I 16:28 I Rpt01h
Grau  & Associates	
Grau & Associates CPAs	Page	2

Narcoossee Community Development District

MSRB .JOI !60 SEMI l/ J

Special Assessment Refunding Bonds, Series 20 I 3A	MBS Capital /l·l11r.tm, LLC
T.I.C. Verification Reoort (Regular)	D111,d:	J/15/201]
4,180,000.00	D,/i,.r,d:	J/1$/20/J

Period	Coupon Date	Prim-ipal Paymmt	Coupon Role	I11terest Payment	Credit B11ha11ce111ents	Penodic Debt Service	Present Va/11e Factor	Discounted Debt Seniice	
1	5/1/2013			21,803.53		21,803.53	0.9942555	21,678.28	
2	1111/2013			85,318.12		85,318 .12	0.9720925	82.937.1 I	
3	5/1/2014	145,000.00	5.125	85.318.12		230,318.12	0.9504236	218,899.77	
4	11/1/2014			83,761.24		83,761.24	0.9292376	77,834. 10	
5	5/1/2015	150,000.00	5.125	83,761.24		233,761.24	0.9085239	212,377.68	
6	11/1/2015			81,856.24		81,856.24	0.8882720	72,710.61	
7	5/1/2016	150 ,000.00	5.125	81,856.24		231,856.24	0.8684715	201,360.53	
8	11/1/2016			79,813.74		79,813 .74	0.8491123	67,770.83	
9	5/1/2017	160,000.00	5.125	79,813.74		239,813.74	0.8301847	199,089.71	
10	11/1/2017			77,424.37		77,424.37	0.8116791	62,843.74	
11	5/1/2018	160,000.00	5.125	77,424.37		237,424.37	0.7935859	188,416.63	
12	11/1/2018			74,833.75		74,833.75	0.7758960	58,063.21	
13	5/1/2019	170,000.00	5.125	74,833.75		244,833.75	0.7586005	185,731.00	
14	11/1/2019			71,902.50		71,902.50	0.7416905	53,329.40	
15	5/1/2020	175,000.00	5.125	71,902.50		246,902.50	0. 7251574	179,043.18	
16	11/1/2020			68,746.25		68,746.25	0.7089929	48,740.60	
17	5/1/2021	180,000.00	5.125	68,746.25		248,746 .25	0.6931887	172,428.09	
18	11/1/2021			65,305.62		65,305.62	0.6777368	44,260.02	
19	5/1/2022	185,000.00	5.125	65,305.62		250,305.62	0.6626294	165,859.85	
20	11/1/2022			61,621.24		61,621.24	0.6478587	39,921 .85	
21	5/1/2023	195,000.00	5.625	61,621.24		256,621.24	0.6334172	162,548 .31	
22	11/1/2023			57,436.24		57,436 .24	0.6192977	35,570.13	
23	5/1/2024	200,000.00	5.62S	57,436.24		257,436.24	0.6054929	155,875.81	
24	11/1/2024			53,123.74		53,123.74	0.5919958	31,449.03	
25	5/1/2025	210,000.00	5.625	53,123.74		263,123.74	0.5787996	152,295.92	
26	11/1/2025			48,468.12		48,468.12	0.5658976	27,427.99	
27	5/1/2026	220,000.00	5.625	48,468.12		268,468.12	0.5532831	148,538.88	
28	I 1/1/2026			43,499.37		43,499.37	0.5409498	23,530.97	
29	5/1/2027	235,000.00	5.625	43,499.37		278,499.37	0.5288915	147, 295.95	
30	11/1/2027			38,189.99		38,189.99	0.517!020	19,748.12	
31	5/1/2028	245,000.00	5.625	38,189.99		283,189.99	0.5055752	143,173.84	
32	11/1/2028			32,516.24		32,516.24	0.4943054	16,072.95	
33	5/1/2029	255,000.00	5.625	32,516.24		287,516.24	0.4832868	138,952.81	
34	11/1/2029			26,598.12		26,598.12	0.4725139	12,567.98	
35	5/1/2030	270,000.00	5.625	26,598.12		296,598.12	0.4619810	137,022.71	
36	11/1/2030			20,331.87		20,331.87	0.4516830	9,183.56	
37	5/1/2031	275,000.00	5.625	20,331.87		295,331.87	0.4416145	130,422.84	
38	11/1/2031			13,961.87		13,961.87	0.4317705	6,028.32	
39	5/1/2032	295,000.00	5.625	13,96U7		308,961.87	0.4221458	130,426.97	
40	11/1/2032			7,103.12		7,103.12	0.4127358	2,931.71	
41	5/1/2033	305,000.00	5.625	7,103.12		312,103.12	0.4035355	125,944.68	
NARCOOSSEE-2013-A I FY: 1 I Mun-EaseElevateMainDb I 16.95f EDB I 07118/2019 116:291 Rpl01a
Grau & Associates	Page	1
Grau & Associates CPAs

Narcoossee Community Development District Special Assessment Refunding Bonds, Series 20 I 3A
T. I.C. Verification Reoort (Regular)
4,180,000.00

l
M SRB .lO/ 360 SEM I +/ J
MBS C ,pital M arkt11 , U...C
D11/td:	J/H/2013

D,ti,.rd :	}/ 1 ; 1 2013

C0Hpo11	Pri11dpal	Co11po11	Imerest		Periodic	Present Value	Discou11ted	
Period	Date	Pqyment	Rate	Pqymenl	E11ba111:wm1ts	Debt Servi.-e	Factor	Debt Service	
4,180,000.00	2,205,417.03	0.00	6,385,417.03	4,110 ,305.69

True Interest Cost (I'IC) .. , . . . . . . ... ..	4.5598531		Face valrie of bond Issue. .	$4,180,000.00	
Net Interest Cost (NJC). . . . . . . . . .• • . .• . • . . . . .	4.5466862		Accrued interest (+) . . . . . . . . .		
,1rbitrage Yield limit (AYL) . . . . . . . . . . .	4.3887635		Original issue premiumldisco11m (- ) . . . . . .	($6,994.36)	
Arbitrage Net Interest Cos/ (ANICj   . . . ....	4.4308211	Underwriter discount {+) . . . . . . . . . . . . . . .	($62,700.00)	
l ump-sum credil enhancements (-) . . . . . . . .	$0.00	
Other TIC costs (-) . . . . . . . . . . . . . . . . . . . .		
Bond surety fee (·) . . . . . . . . . . . . .	N/A	
TIC Target	$4,110,3 05.65	

NARCOOS.SEE-2013-AI  FY: 1 I Mun-EaseElevateMainDbI 16.9Sf EDB I 07118I2019 I 16:29 I Rpl01a
Grau & Associates	Page	2
Grau & Associates CPAs

Unspent Proceeds Report
$ 4, 180,000.00

Cale
Dalt	G,p
ID	
P11,p	F1111d
TD	
Dtscriptio11	Gross
AINOHIII	Pool Pm;mlage	No11p11rpose
lnve1/111ml	Pmpou
Expendilnm	U11if)f11I
Promd!	
03/15/2013	-1	N	COi	Beg. Arbitrage Gross Proceeds		100.0000000			4,173,00S.65	
03115/2013	2014	y		COi	96,02J.OO	I00.0000000		96,023.00	4,076,982.65	
03/15i2013	2014	y		Undenvriter's discount	62,700.00	100.0000000		62,700.00	4,014,282.65	
03115/2013	2014	y		Pa)1Tlent 10 escrow	4,468,440.00	100.0000000		4,468,440.00	-454,157.35	
03/1S12013	2014	y		Transferred funds	-629,217.00	100.0000000		-629,217.00	175,059.65	

03/18/2013	2014	y		COi	4,194.00	100.0000000		
4,194.00	
170,865.65	

04/01/2013	
2014	y		COi	7,900.00	100.0000000		
7,900.00	
162,965.65	
04/02/2013	2014	y		Reserve A-1	1.00	I00.0000000		1.00	162,964.65	

06/04/2013	2014	y		COi	488.00	100.0000000		
488.00	
162,476.65	
06/06/2013	2014	y		COi	3,301.00	100.0000000		3,301.00	159,17 5.65	

12/09/2013	2014	y		ReserveA-2	5.00	I 00.0000000		
S.00	
159,170.65	
12109/2013	2014	y		Reserve A-I	9.00	I 00.0000000		9.00	159,161.65	
02/1712015	2016	y		RcscrveA-2	4.00	I 00.0000000		
4.00	
159,157.65	

03/17/2015	2016	y		
Reserve A-I	
8.00	100.0000000		
8.00	
159,149.65	
04/02/2015	2016	y		ReserveA-1	1.00	100.0000000		1.00	159,148.65	
05/01/2015	2016	y		Reserve A-2	
2,888.00	100.0000000		
2,888.00	
156,260.65	

05/04/2015	2016	y		Reserve A-1	1.00	100.0000000		
1.00	
156,259.65	

06/02/2015	2016	y		Reserve A-I	
1.00	l00.0000000		
1.00	
156,258.65	

07102/2015	2016	y		Reserve A-I	1.00	100.0000000		
1.00	
156.257.65	

08/0412015	
2016	y		
ReserveA-1	1.00	100.0000000		
1.00	
156,256.65	

09/0212015	2016	y		Reserve A-I	
1.00	I00.0000000		
1.00	
156,255.65	

10102/2015	2016	y		ReserveA-1	1.00	100.0000000		
J.00	
156,254.65	

11103/2015	
2016	y		
Resem:A-1	
1.00	I00.0000000		
1.00	
156,253.65	

12/02/2015	2016	y		Reserve A-I	1.00	I 00.0000000		
1.00	156,252.65	

01/0512016	
2016	y		
Reserve A-I	
1.00	100.0000000		
1.00	
156,251.65	

02/02/2016	2016	y		Reserve A-I	1.00	100.0000000		
1.00	
1 56.250.65	
03/02/2016	2017	y		Reserve A-I	1.00	I 00.0000000		
1.00	156,249.65	

NARCOOSSEE-2013-A I FY: 1 I Mun-EaseElevateMainDb I 16.95f EDB I 07/18/2019 J 18:25 I Rpl11
Grau & Associates	
Grau & Associates CPAs	Page	1

Unspent Proceeds Report
$ 4,180,000.00

Cale Dalt	G,p
TD	

Pff,P	
F11nd
ID	
De1cription	Gnm
An101mf	Pool Pem11tagt	Nonp11,po.-t
lnvt1fm1nl	P11,pose Expendit"m	
Un.pent
Procmls	
04104/2016	201?	y		Reserve A-1	1.00	100.0000000		1.00	l¼,248.65	
05103/2016	2017	
y		Reserve A-1	1.00	I 00.0000000		1.00	156,247.65	

06102/2016	2017	y		Res= ·c A·I	1.00	100.0000000		1.00	156,246.65	
07i05/2016	2017	y		Reserve A-I	1.00	100.0000000		1.00	156,245.65	

08/02/2016	2017	y		Res<:rveA-1	1.00	I 00.0000000		1.00	156,244.65	
09102/2016	2017	y		Reserv·e A-1	1.00	100.0000000		1.00	156,243.65	
10104.12016	.2017	y		Reserve A-1	1.00	I 00.0000000		1.00	156,242.65	
ll!Ol/2016	2017	y		Reserve A-2	281.00	100.0000000		281.00	155,961.65	
lli02/2016	2017	y		Reserve A-I	1.00	100.0000000		1.00	155,960.65	
12/02/2016	2017	y		Reser\'e A-1	1.00	100.0000000		1.00	155,959.65	
01/04/2017	2017	y		RcseJ:\•e A-2	4.00	I00.0000000		4.00	155,955.65	
01104/201 7	2017	y		ReseJ:\·eA-1	7.00	100.0000000		7.00	155,948.65	
02i02/2017	2017	y		
ReservcA-2	
8.00	100.0000000		
8 .00	155,940.65	
02/0212017	2017	y		Reserve A-I	16.00	100.0000000		16 .00	I 55,924.65	
03/0112017	2018	y		RescrvcA-2	7.00	100.0000000		7.00	155,917.65	
03/0112017	2018	y		Reserve A-1	15.00	I00.0000000		15.00	155,902.65	

04/0112017	2018	y		
ReSCJ:\'CA•I	23.00	100.0000000		
23.00	
155,868.65	
04/01/2017	2018	y		ReserveA-2	11.00	100.0000000		11.00	I 55,891.65	
05!0112017	2018	y		ReserveA-2	15.00	100,0000000		15.00	155,853.65	
051011201 7	2018	y		RcscJ:\·e A-1	31.00	100.0000000		31.00	155,822.65	

061()112017	
2018	y		Reserve A-2	16.00	100.0000000		
16.00	
155,806.65	
0610112017	2018	y		Reserve A·I	33.00	I00.0000000		33.00	155,773.65	
07101/2017	2018	y		RescrveA-2	21.00	100.0000000		21.00	155,752.65	
071()1/2017	2018	y		Re..m•e A-I	42.0 0	I 00.0000000		42.00	155,710.65	
08101/2017	2018	
y		ReserveA-2	26.00	100.0000000		26.00	155,684.65	
08/01/2017	2018	y		Reserve A-I	52.00	100.0000000		52.00	155,632.65	
09101/2017	2018	y		
ReserveA-2	26.00	100.0000000		26 00	155,606.65	
09iO!i2017	2018	y		Reserve A-I	54.00	100.0000000		54.00	155,552.65	
10101i2017	2018	y		Reserve A-2	26.00	100,0000000		26.00	155,526.65	

NARCOOSSEE-2013-A I FY: 1 I Mun-EaseElevateMainDb I 16.95f EDB I 07/1812019 I 16:25 I Rpl11

Grau & Associates
Grau & Associates CPAs

Page	2

Narcoossee Community Development District	Dated:	03/15/2013
Special Assessment Refunding Bonds, Series 20 I 3A	Delivered:	03/15/2013
Unspent Proceeds Report
$4,180,000.00

Cak Datt	G,p
ID	
P11,p	F1111d
ID	
Deim'ptio11	Gross Amo1111/	Pool Perct11fage	No1,Plffpose fllvestmmt	P11,pose ExpendilllreJ	U11spent Pror,1edJ	
10101/2017	2018	y		Reserve A-I	53.00	I 00.0000000		53.00	155,473.65	

11101/2017	2018	y		Resem,A-1	
55.00	I 00.0000000		
55.00	
155,391.65	
11/01/2017	2018	y		ReseiveA-2	27.00	100.0000000		27.00	155,446.65	
1210li2017	2018	y		ReseiveA-2	28.00	100.0000000		28.00	
155,363.65	
12/01'2017	2018	y		Reserve A-1	57.00	I 00,0000000		57.00	155,306.65	
01i0112018	2018	y		ReservcA-2	35,00	100.0000000		35.00	
155,271.65	
Ol.'01/2018	20is	y		Reserve A-I	70.00	I00.0000000		70.00	I 55,201.65	
02/01/2018	2018	y		ReserveA-2	40.00	l00,0000000		
40.00	
155,161.6S	
02/01/2018	2018	y		ReseiveA-1	81.00	100.0000000		81.00	155,080.65	

03i01/2018	2019	y		ReserveA-2	37.00	100.0000000		
37.00	
155,043.65	
03/0l/2018	2019	y		Reserve A-I	76.00	100,0000000		76,00	154,967.65	

04/01/2018	2019	y		RcserveA-2	48.00	100.0000000		
48.00	
154,919.65	
04/0112018	2019	y		ReservcA-1	97.00	I00.0000000		97.00	l54,&22.65	
05101/2018	2019	y		ReserveA-2	53.00	100.0000000		53.00	154,76.965	
OSiOl/ 2018	2019	y		Reserve A-I	109.00	I 00.0000000		109.00	154,660.65	
06/01/2018	2019	y		Reserve A-I	116.00	I00.0000000		116.00	154,487.65	
06/0 1/2018	2019	y		Reseive A-2	57.00	100.0000000		57,00	154,603.65	

07/01/2018	
2019	y		ReserveA-2	60.00	100.0000000		60.00	
154,427.65	
07/01/2018	2019	y		Reserve A-I	12 2.00	I00.0000000		122.00	154,305.65	

08/0112018	
2019	y		RcserveA-2	66.00	100.0000000		66.00	
154,239.65	
08!0112018	2019	y		Reserve A-I	134.00	I 00.0000000		134.00	154,105.65	

09/0\12018	2019	y		Reserve A-2	
66.00	100.0000000		
66.00	
154,039.65	
09/01/2018	2019	y		Reserve A-1	135.00	I 00.0000000		135.00	153,904.65	
10/01/2018	2019	y		ReservcA-2	66.00	I00.0000000		66,00	
153,838.65	
10/0112018	2019	y		Reserve A-I	135.00	I00.0000000		135.00	153,703.65	

I liOl/2018	
2019	y		ReserveA-2	
77.00	I 00.0000000		
77.00	
153,626.65	
lliOJ/2018	2019	y		RcscrveA-1	156.00	I 00.0000000		156.00	I 53,470.65	
12/0112018	2019	y		Rese,veA-2	76.00	I 00.0000000		76.00	
153,394.65	
l2i01/2018	2019	y		Reserve A-1	155.00	100.0000000		155.00	153,239.65	

01101/2019	
2019	y		Reserve A-I	168.00	l00.0000000		
168.00	
152,988.65	
01/01/2019	2019	y		RcsciveA-2	83.00	100.0000000		83.00	153,156.65	

NARCOOSSEE-2013-A I FY: 1 I Mun-EaseElevateMainDb I 16.95f EDB I 07/1812019116:25 I RP111
Grau  & Associates	
Grau & Associates CPAs	Page	3

Narcoossee Community Development District Special Assessment Refunding Bonds, Series 20 I 3A Unspent Proceeds Report
$ 4, I 80,000.00

Dated: Delivered:

03/15/2013
03/15/2013

	Cal,;
Date	Grp
ID	
Pu,p	Fimd
ID	
Descriptio11	Grrus
Amo1111t	Pool Percmlage	No,,pu,pose
/11vest111e11t	P111pose Expe1ulit11ns	U11spe11t
Proceeds	
	02/01/2019	2019	Y		RescrveA-2	88.00	I00.0000000		88.00	152,900.65	
	02/0li2019	2019	Y		Reserve A-I	180.00	I 00.0000000		180.00	152,720.65	
						4,020,285.00		0.00	4,020,285.00		

Firsllnvestment Date. ........................	3/1512013	
Calculation Date . •.	• •	2/2812019	
Arbitrage Yield limit (AYLJ.,.,, . . •. . . . . . . .• . . .	4.3887635	
Internal Rate of Return (IRR). . . . . . . . . . . . . . . . . .	0.3485246	

NARCOOSSEE-2013-A I FY: 11Mun-EaseElevateMainDb I 16.95f EDB I 07/18/2019 I 16:25 I Rpt11
Grau & Associates	
Grau & Associates CPAs	Page	4
I

Narcoossee Community Development District	Dated:	03/15/2013
Special Assessment Refunding Bonds, Series 2013A	Delivered:	03/15/2013
I.R.R. Report Via Purpose Expenditures
$ 4.180,000 .00

G,p
ID	Tran.r Date	F11nd
ID	

Demiptio11	D yC011111
Factor	Ca/Ct1/ation Amt (In/ere.rt Earnings)	Pool
Pt1g	** Internal PV Factor	Ratt of Retunr **
PVAmt	
-I	03/15/2013		Beg. Arbitrage Gross Proceeds	0.0000000	(4,173.00S.65)	I 00 .000	1.0000000	(4,173, 005.65)	
2014	03/15/2013		COi	0.0000000	96,023.00	l00.000	1.0000000	96,023.00	
	03/15/2013		Underwriter's discount	0.0000000	62,700.00	100.000	1.0000000	62,700.00	
	03/15/2013		Payment to escrow	0.0000000	4,468,440.00	100.000	1.0000000	4,468,440.00	
	03/1512013		Transferred funds	0.0000000	(629,217.00)	100.000	1.0000000	(629,217.00)	
	03/1812013		COi	0.016666 7	4,194.00	100 .000	0.9999710	4, 193 .88	
	04/01/2013		COi	0.0888889	7,900.00	100.000	0.9998452	7.898.78	
	04/02/2013		Reserve A-1	0.09444 44	1.00	100.000	0.9998356	1.00	
	06/04/2013		COi	0.4388889	488.00	100.000	0.9992361	487.63	
	06/06/2013		COi	0 .4500 000	3,301.00	100.000	0.9992168	3,298.41	
	12/0912013		Reserve A-I	1.4666667	9.00	100 .00 0	0.9974496	8.98	
	12/09/2013		Reserve A-2	1.4666667	5.00	l00.000	0.9974496	4.99	
2016	02/17/2015		ReserveA-2	3.8444444	4.00	100.000	0.9933288	3.97	
	03/1712015		Reserve A-1	4.0111111	8.00	100.000	0.9930406	7.94	
	04/02/2015		Reserve A-1	4.0944444	1.00	I00.000	0.9928965	0.99	
	0510112015		Reserve A-2	4.2555556	2,888.00	100.000	0.9926180	2,866.68	
	05/04/2015		RcserveA-1	4.2722222	1.00	100.000	0.9925892	0.99	
	06/02/2015		Reserve A-I	4.4277778	1.00	100.000	0.9923204	0.99	
	07/02/2015		Reserve A- I	4.5944444	1.00	100.000	0.9920325	0.99	
	08/04/2015		Reserve A-I	4.7722222	1.00	100.000	0.9917255	0.99	
	09/02/2015		Reserve A-I	4.9277778	1.00	100.000	0.9914569	0.99	
	10/02/2015		Reserve A-I	5.0944444	1.00	100.000	0.9911693	0.99	
	11/03/2015		Reserve A-I	5.2666667	1.00	100.000	0.9908721	0.99	
	12/02/2015		Reserve A-!	5.4277778	1.00	100.000	0.9905942	0.99	
	01/05/2016		Reserve A-I	5.6 lll l ll	1.00	100.000	0.9902780	0.99	
	02/02/2016		Reserve A-I	5.7611111	1.00	l0 0.000	0.9900194	0.99	
2017	03/0212016		Reserve A-I	5.9277778	1.00	l0 0.000	0.9897322	0.99	
	04/04/2016		Reserve A-I	6.1055556	1.00	100.000	0.9894259	0.99	
	05/03/2016		Reserve A-I	6.2666667	1.00	100.000	0.9891484	0.99	
	06/02/2016		Reserve A-I	6.4277778	1.00	100.000	0.9888709	0.99	
	07/05/2016		ReserveA-1	6.6111111	1.00	100.000	0.9885553	0.99	
	08/02/2016		Reserve A-I	6.7611111	1.00	100.000	0.9882972	0.99	
	09/02/2016		Reserve A-I	6.9277778	1.00	I00 ,000	0.9880!05	0.99	
	10/0412016		Reserve A-I	7.1055556	I.DO	100 .000	0.9877047	0.99	
	11/01/2016		ReserveA-2	1.2555556	281.00	l0 0.000	0.9874468	277.47	
	11 /0 2/2016		Reserve A-1	7.2611111	1.00	100.000	0.9874372	0.99	
	12/0212016		Reserve A-I	7.4277778	1.00	l00.000	0.9871507	0.99	
	01/04/2017		Rese rve A-1	7.6055556	7.00	l0 0.000	0.9868452	6.91	
	01/04/2017		ReserveA-2	7.6055556	4.00	100.000	0.9868452	3.95	
	02/02/2017		ReserveA-2	7.761 ll I 1	8.00	100.000	0.9865780	7.89	
	02/02/2017		Reserve A-I	7.7611111	16.00	I0 0 .000	0.9865780	15.79	
2018	03/01/2017		ReserveA-2	7.9222222	7.00	100.000	0.9863013	6.90	
	03/01/2017		Reserve A- I	7.9222222	15.00	100 .000	0.9863013	14.79	
	04/01/201 7		Reserve A-2	8.0888889	11.00	100.000	0.9860151	10 .85	
	04/01/2017		Reserve A-I	8.0888889	23.00	100.000	0.9860151	22.68	
	05/01/2017		ReseTYeA-2	8.2555556	IS.OD	100 .0 00	0.9857290	14.79	
	05/0112017		Reserve A-I	8.2555556	31.00	100.000	0.9857290	30.56	
	06/01/2017		ReserveA-2	8.4222222	16.00	100 .000	0.9854430	15.77	
	06/01/2017		Reserve A-I	8.4222222	33.00	100.000	0.9854430	32.52	
	07/01/2017		Reserve A-1	8.58888 89	42.00	100.000	0.9851571	41.38	
	07/01/2017		ReserveA-2	8.5888889	21.00	100.000	0.9851571	20 .69	

NARCOOSSEE-2013-A I FY: 1 I Mun-EaseElevateMainOb j 16 .95f EDB I 07/18/2019 I 16 : 25 I Rpt09c
Grau & Associates	Page	1
Grau & Associates CPAs

Narcoossee Community Development District	Dated:	03/15/2013
Special Assessment Refunding Bonds, Series 20 I 3A	Delivered:	03/15/2013
I.R.R. Report Via Purpose Expenditures
$ 4,180,000.00

G,p
ID	Trans Date	Fund
ID	

Dmnption	D,ry Co1111t Factor	Ca!C11!a1io11 Amt	Pool (Interest Earnings) Pctg	** foJemal Rate ef&tum **
PV Factor	PVAmt	
2018	08/01/2017	RcscrveA-2	8.7555556	26.00	100.000	0.9848713	25.61	
	08/01/2017	Reserve A-I	8.7555556	52.00	100.000	0.9848713	51.21	
	09/01/2017	Reserve A-2	8.9222222	26.00	l00.000	0.9845855	25.60	
	09/01/2017	Reserve A-I	8.9222222	54.00	100.000	0.9845855	53.17	
	I 0/01/2017	Reserve A-2	9.0888889	26.00	100.000	0.9842998	25.59	
	10/01/2017	Reserve A-I	9.0888889	53.00	100.000	0.9842998	52.17	
	11/01/2017	Reserve A-I	9.2555556	55.00	100.000	0.9840142	54.12	
	11/01/2017	Reserve A-2	9,2555556	27.00	100.000	0.9840142	26.57	
	12/0112017	ReserveA-2	9.4222222	28.00	100.000	0.9837287	27.54	
	12/01/2017	Reserve A-I	9.4222222	57.00	100.000	0.9837287	56.07	
	01/01/2018	Reserve A-I	9..5888889	70.00	100.000	0.9834433	68.84	
	01/01/2018	Reserve A-2	9.588 8889	35.00	100.000	0.9834433	34.42	
	02/01/2018	Reserve A-I	9.7555556	81.00	100.000	0.9831580	79.64	
	02/0112018	Reserve A-2	9.7555556	40.00	100.000	0.9831580	39.33	
2019	03/01/2018	Reserve A-I	9.9222222	76.00	100.000	0.9828727	74.70	
	03/01/2018	Reserve A-2	9.9222222	37.00	100.000	0.9828727	36.37	
	04/01/2018	Reserve A-2	10.0888889	48.00	100.000	0.9825876	47.16	
	04/01/2018	Reser.•e A-I	10.0888889	97.00	100.000	0.9825876	95.31	
	05/01/2018	Reserve A-2	10.2555556	53.00	100.000	0.9823025	52.06	
	05/01/2018	Reserve A-1	10.2555556	109.00	100.000	0.9823025	l07.07	
	06/01/2018	Reserve A-I	10.4222222	116.00	100.000	0.9820175	113.91	
	06/01/2018	Reserve A-2	10.4222222	57.00	100.000	0.9820175	55.97	
	07/01/2018	Reserve A-2	10.58888 89	60.00	100.000	0.9817325	58.90	
	07/01/2018	Reserve A-I	I0.5888889	122.00	100.000	0.9817325	119.77	
	08/01/2018	Reserve A-2	10.7555556	66.00	100.000	0.9814 477	64.78	
	08/01/2018	Reserve A-I	10.7555556	134.00	100 .000	0.9814477	131.51	
	09/01/2018	Reserve A-2	10.9222222	66.00	100.000	0.9811629	64.76	
	09/01/2018	Reser.·e A-I	10.9222222	135.00	100.000	0.9811629	132.46	
	10/01/2018	Reserve A-2	11.0888889	66.00	100.000	0.9808783	64.74	
	10/01/2018	Reserve A-I	11.0888889	135.00	100.000	0.9808783	132.42	
	11/01/2018	Reserve A-2	11.2555556	77.00	10 0.000	0.9805937	75.51	
	11/01/2018	ReseneA-1	11.2555556	156.00	100.000	0.9805937	152.97	
	12/01/2018	Reserve A-2	11.4222222	76.00	l00.000	0.9803091	74.50	
	12/01/2018	Reserve A-I	11.4222222	155.00	100.000	0.9803091	151.95	
	01/01/2019	Reserve A-2	11.5888889	83.00	100.000	0.9800247	81.34	
	01/01/2019	Reserve A-1	11.5888889	168.00	100.000	0.9800247	164.64	
	02/01/2019	RcservcA-2	11.75S5556	88.00	100.000	0.9797404	86.22	
	02/01/2019	Reserve A-I	11.7555556	180.00	100.000	0.9797404	176.35	
99999	02128/2019	Unspent Proceeds as of 02/28/2019	11.9055556	156,009.00	I00.000	0.9794845	152,808.40	
				J,288.35			(0.01)	

Arbitrage Yield limit .. . . . . . . . . . . . . . .	4.3887635
/11ternat Raie of Return ..............	0.3485246
CalculaJion Standard • • • • • . . . • . . • • • • .	MSRB  30/360 SEMI 4/3

NARCOOSSEE-2013-A J FY: 11Mun-EaseElevateMainDb I 16.95f EDB I 07I18/2019) 16:25 I Rpl09c
Grau & Associates	Page	2
Grau & Associates CPAs

SECTION 4

NOTICE OF MEETING DATES NARCOOSSEE
COMMUNITY DEVELOPMENT DISTRICT
The Board of Supervisors of the Narcoossee Community Development District will hold their regularly scheduled public meetings for Fiscal Year 2020 at 3:00 p.m. at Orange County Public Library- Southeast Branch, 5575 South Semoran Blvd, Orlando, FL 32822 on the fourth Monday of the month as follows:

Exception - November 18, 2019
January 27, 2020
March 23, 2020
Exception - May 18, 2020
June 22, 2020
August 24, 2020

The meetings are open to the public and will be conducted  in  accordance  with the provisions of Florida Law for Community Development Districts. A copy of the agenda for a particular meeting may be obtained from the District Manager at 135 W. Central Blvd., Suite 320, Orlando, FL 32801.

The meetings may be continued to a date, time, and place as evidenced by motion of the majority of Board Members participating at that meeting. There may be occasions when one or more Supervisors will participate by telephone.

Any person requiring special accommodations at the meetings because of a disability or physical impairment should contact the District Office at (407) 841-5524 at least forty-eight (48) hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service 1-800-955-8770, for aid in contacting the District Office.

Each person who decides to appeal any action taken at these meetings is advised that person will need a record of the proceedings and  that  accordingly,  the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.

George S. Flint District Manager
Governmental Management Services - Central Florida, LLC