WILFORD PRESERVE
Community Development District

AUGUST 16, 2018

Wilford Preserve
Community Development District
475 West Town Place, Suite 114, St. Augustine, Florida 32092 Phone: 904-­‐‑940-­‐‑5850 -­‐‑ Fax: 904-­‐‑940-­‐‑5899

August 9, 2018

Board of Supervisors Wilford Preserve
Community Development District Dear Board Members:
The Wilford Preserve Community Development District Meeting is scheduled for Thursday, August 16, 2018 at 1:30 p.m. at Plantation Oaks Amenity Center, 845 Oakleaf Plantation Parkway, Orange Park, Florida 32065. Following is the advance agenda for the meeting:

Roll Call
Public Comment
Organizational Matters
Acceptance of Resignation from Khaled Oweis
Consideration of Appointing a New Supervisor to Fill the Vacant Seat
Oath of Office for the Newly Appointed Supervisor
Consideration of Resolution 2018-22, Designating Officers
Public Hearing to Adopt the Budget for Fiscal Year 2019
Consideration of Resolution 2018-23, Relating to Annual Appropriations and Adopting the Budget for Fiscal Year 2019
Consideration of Resolution 2018-24, Certifying an Assessment Roll
Funding Agreement with DFC Wilford, LLC
Consideration of Resolution 2018-25, Ratifying the Issuance of the Series 2018B Bonds
Approval of Minutes of the July 19, 2018 Meeting
Staff Reports
District Counsel
District Engineer – Ratification of Requisition No. 1
District Manager
Consideration of Financial Reports
Supervisors’ Requests and Audience Comments
Next Scheduled Meeting – September 20, 2018 at 1:30 p.m. at the Plantation Oaks Amenity Center
Adjournment

The third order of business is organizational matters. After accepting the resignation from Khaled Oweis the Board can consider appointing a new supervisor to fill the vacant seat. The new supervisor

will subscribe to an oath of office and the Board can then consider restructuring the slate of officers with resolution 2018-22.

The fourth order of business is the public hearing to adopt the budget for fiscal year 2019. Enclosed for your review and approval are copies of resolutions 2018-23, 2018-24 and the developer funding agreement for fiscal year 2019.

The fifth order of business is consideration of resolution 2018-25, ratifying the issuance of the series 2018B bonds. A copy of the resolution is enclosed for your review and approval.

Enclosed for review and approval is a copy of the minutes from the July 19, 2018 meeting. The balance of the agenda is routine in nature and staff will present their reports.
We look forward to seeing you at the meeting. In the meantime, if you have any questions, please do not hesitate to call us at (904) 940-5850.

Sincerely, James Perry James Perry
District Manager
Wilford Preserve Community Development District

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AGENDA

Wilford Preserve Community Development District
Agenda

Thursday	Plantation Oaks Amenity Center
August 16, 2018	845 Oakleaf Plantation Parkway
1:30 p.m.	Orange Park, Florida 32065
Call In # 1-888-394-8197 Code 343382

Roll Call

Public Comment

Organizational Matters
Acceptance of Resignation from Khaled Oweis

Consideration of Appointing a New Supervisor to Fill the Vacant Seat

Oath of Office for the Newly Appointed Supervisor

Consideration of Resolution 2018-22, Designating Officers

Public Hearing to Adopt the Budget for Fiscal Year 2019
Consideration of Resolution 2018-23, Relating to Annual Appropriations and Adopting the Budget for Fiscal Year 2019

Consideration of Resolution 2018-24, Certifying an Assessment Roll

Funding Agreement with DFC Wilford, LLC

Consideration of Resolution 2018-25, Ratifying the Issuance of the Series 2018B Bonds

Approval of Minutes of the July 19, 2018 Meeting

Staff Reports
District Counsel

District Engineer – Ratification of Requisition No. 1

District Manager

Consideration of Financial Reports

Supervisors’ Requests and Audience Comments

Next Scheduled Meeting – September 20, 2018 at 1:30 p.m. at the Plantation Oaks Amenity Center

Adjournment

THIRD ORDER OF BUSINESS

A.

From: Courtney Hogge chogge@gmsnf.com
Subject: Fwd: Wilford Board Resignation
Date: July 13, 2018 at 2:31 PM
To:
Begin forwarded message:

From: Khaled Oweis <khaled.oweis@dreamfindershomes.com>
Subject: RE: Wilford Board Resignation Date: July 13, 2018 at 2:06:21 PM EDT
To: dlaughlin@gmsnf.com
Cc: whaber@hgslaw.com

Hi Daniel,

This email is to supplement my prior resigna5on, and extend it to August 1st as I will remain on the board un5l then.

Thanks,

Khaled (Cal) Oweis Assistant Controller Dream Finders Homes, LLC Oﬃce: 904L441L0841

Khaled.Oweis@DreamFindersHomes.com

From: Khaled Oweis [mailto:khaled.oweis@dreamﬁndershomes.com]
Sent: Friday, June 22, 2018 11:10 AM
To: 'dlaughlin@gmsnf.com' <dlaughlin@gmsnf.com>
Subject: Wilford Board Resigna5on Hey Daniel,
I am resigning from the Wilford Board eﬀec5ve immediately. Is there anything I need to ﬁll out or submit in order to complete this?

Thanks,

Khaled (Cal) Oweis Assistant Controller Dream Finders Homes, LLC Oﬃce: 904L441L0841

Khaled.Oweis@DreamFindersHomes.com

D.

RESOLUTION 2018-22

A RESOLUTION DESIGNATING OFFICERS OF THE WILFORD PRESERVE COMMUNITY DEVELOPMENT DISTRICT

WHEREAS, the Board of Supervisors of the Wilford Preserve Community Development District at a regular business meeting held on August 16, 2018 desires to elect the below recited persons to the offices specified.

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

The following persons were elected to the offices shown, to wit:

Chairman

Vice-Chairman Secretary Treasurer  Assistant Treasurer Assistant Secretary Assistant Secretary Assistant Secretary

PASSED AND ADOPTED THIS 16TH DAY OF AUGUST 2018.

Chairman / Vice Chairman

Secretary / Assistant Secretary

FOURTH ORDER OF BUSINESS

Fiscal Year 2018	Adopted Budget Fiscal Year 2019	Approved Budget

Wilford Preserve Community Development District

May 17, 2018

Wilford Preserve
Community Development District

TABLE OF CONTENTS

General Fund
Budget	Page 1
Narrative	Page 2-3

Wilford Preserve
Community Development District

	Adopted		Approved	
	 	FY 2018 Budget			 	FY 2019 Budget		
Revenues				
Developer Contributions	$106,975		$108,675	
Total Revenues	 	$106,975 		 	$108,675 	

Expenditures				
Administrative				
Engineering	$15,000		$15,000	
Arbitrage	$600		$600	
Dissemination Agent	$3,500		$3,500	
Attorney	$20,000		$20,000	
Annual Audit	$5,000		$5,000	
Trustee Fees	$4,000		$4,000	
Management Fees	$45,000		$45,000	
Information Technology	$1,200		$1,200	
Telephone	$100		$300	
Postage	$1,500		$1,500	
Printing & Binding	$1,000		$1,000	
Insurance	$5,800		$5,800	
Legal Advertising	$2,500		$4,000	
Other Current Charges	$600		$600	
Office Supplies	$1,000		$1,000	
Dues, Licenses & Subscriptions	$175		$175	
Total Expenditures	 	$106,975 		 	$108,675 	
Excess Revenues (Expenditures)	 	$0 		 	$0 	

Expenditures related to the issuance of Bonds.

Page 1

REVENUES:

Wilford Preserve
COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET

Developer Contributions
It is presently anticipated that the District will enter into a Funding Agreement with the Developer to fund all General Fund Expenditures for the Fiscal Year.

EXPENDITURES:

Administrative:

Engineering Fees
The District's engineer will be providing general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review invoices, etc.

Arbitrage
The District is required to have an annual arbitrage rebate calculation on the District’s Bonds.
The District will contract with an independent auditing firm to perform the calculations.

Dissemination
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.

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

Annual Audit
The District is required to annually conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The fee is based on similar Community Development Districts and includes the GASB 34 pronouncement.

Trustee Fees
The District will issue bonds to be held with a Trustee at a qualified Bank. The amount of the trustee fees is based on the agreement between the Bank and the District.

Management Fees

Page 2

Wilford Preserve
COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC. These services are further outlined in Exhibit "A" of the Management Agreement.

Postage
Mailing of agenda packages, overnight deliveries, correspondence, etc.

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

Insurance
The District will obtain a General Liability & Public Officials Liability Insurance policy with a firm that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.

Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings etc in a newspaper of general circulation.

Other Current Charges
Bank charges and any other miscellaneous expenses that incurred during the year.

Office Supplies Miscellaneous 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.

Page 3

A.

RESOLUTION 2018-23

THE ANNUAL APPROPRIATION RESOLUTION OF THE WILFORD PRESERVE COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2018, AND ENDING SEPTEMBER 30, 2019; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2018, submitted to the Board of Supervisors (“Board”) of the Wilford Preserve Community Development District (“District”) proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2018 and ending September 30, 2019 (“Fiscal Year 2018/2019”) 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 WILFORD PRESERVE 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.

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 Wilford Preserve Community Development District for the Fiscal Year Ending September 30, 2019.”

The Adopted Budget shall be posted by the District Manager on the District’s official website within 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
2018/2019,  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 FUND - (SERIES 2018B)	$ 	

TOTAL ALL FUNDS	$ 	

SECTION 3.	BUDGET AMENDMENTS

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2018/2019 or within 60 days following the end of the Fiscal Year 2018/2019 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.

By resolution, the Board may increase any appropriation item and/or fund to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.

Any other budget amendments shall be adopted by resolution and consistent with Florida law.

The District Manager or Treasurer must establish administrative procedures to ensure that any budget amendments are in compliance with this Section 3 and Section 189.016, Florida Statutes, among other applicable laws. Among other procedures, the District Manager or Treasurer must ensure that any amendments to budget under subparagraphs c. and d. above are 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 THIS 16th DAY OF AUGUST, 2018.

ATTEST:	WILFORD PRESERVE COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary

By:	 Its: 	

Exhibit A: Fiscal Year 2018/2019 Budget

B.

RESOLUTION 2018-24

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE WILFORD PRESERVE COMMUNITY DEVELOPMENT DISTRICT CERTIFYING A DUE DATE FOR THE COLLECTION OF DEBT ASSESSMENTS; PROVIDING FOR ENFORCEMENT OF DEBT ASSESSMENTS, INCLUDING BUT NOT LIMITED TO PENALTIES AND INTEREST THEREON; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Wilford Preserve 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 Clay 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 Improvement Plan and Chapter 190, Florida Statutes; and

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

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

WHEREAS, pursuant to Resolutions 2018-09 and 2018-21, the District levied assessments to secure its Special Assessment Bonds Series 2018B (“2018B Assessments”); and

WHEREAS, the District has previously determined that it is in the District’s best interest to directly collect the Debt Assessments in accordance with Florida law; and

WHEREAS, it is in the best interests of the District to adopt the Assessment Roll of the Wilford Preserve Community Development District (the “Assessment Roll”) attached to this Resolution as Exhibit “A” and incorporated as a material part of this Resolution by this reference, and to certify the Assessment Roll for collection directly by the District; and

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

WHEREAS, the District desires to certify and establish a due date for the payment of the Debt Assessments.

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

SECTION 1. COLLECTION AND ENFORCEMENT; PENALTIES; INTEREST. The 2018B
Assessments shall be collected directly by the District in accordance with Florida law and due as follows: 50% due by March 15 and 50% due by September 15 of each year that the 2018B Assessments are collected. In the event that an assessment payment is not made in accordance with the schedule stated above, the whole assessment, including all outstanding principal and interest, shall immediately become due and payable and shall accrue interest, penalties in the amount of one percent (1%) per month and all costs of collection and enforcement (collectively the “Default Penalties”). The defaulted 2018B Assessments shall either be enforced pursuant to  a foreclosure action, or, at the District’s sole discretion, collected pursuant to the Uniform Method on a future tax bill, which amount may include penalties, interest, and costs of collection and enforcement. Any prejudgment interest on delinquent 2018B Assessments shall accrue at 5.750%, which is the rate of the Series 2018B Bonds, or at the statutory prejudgment interest rate, as applicable.

In the event the 2018B Assessments shall be delinquent, the District Manager and District Counsel, without further authorization by the Board, shall initiate foreclosure proceedings pursuant to Chapter 170, Florida Statutes, or other applicable law to collect and enforce the whole assessment, as set forth herein. Notwithstanding the foregoing, should the payments for the 2018B Assessments due on March 15 and September 15 be received by the District on or before April 1 or October 1 respectively, such payments shall be accepted by the District, the 2018B Assessments shall be deemed current and the Default Penalties, with the exception of the payment of costs of collection and enforcement, if any, shall not apply. Additionally, should the payments for the 2018B Assessments due on March 15 and September 15 be received by the District after April 1 or October 1 respectively, upon receipt of written direction to accept such payments from the Majority Owners of the Series 2018B Bonds or the Trustee, acting at the written direction of the Majority Owners of the Series 2018B Bonds (collectively the “Direction”), such payments shall be accepted by the District, the 2018B Assessments shall be deemed current and the Default Penalties, with the exception of the payment of costs of collection and enforcement, if any, shall not apply. The District shall not accept payment for the 2018B Assessments after April 1 or October 1 respectively unless it first receives the Direction.

SECTION 2. FUTURE COLLECTION METHODS. The  decision  to  collect  special assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.

SECTION 3. ASSESSMENT ROLL. The District's Assessment Roll, attached to this Resolution as Exhibit “A,” is hereby certified.

SECTION 4. 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 5. EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board of Supervisors of the Wilford Preserve Community Development District.

PASSED AND ADOPTED this 16th day of August, 2018.

ATTEST:	WILFORD PRESERVE COMMUNITY DEVELOPMENT DISTRICT

Secretary

By:	 Its: 	

Exhibit A: Assessment Roll

WILFORD PRESERVE CDD
FISCAL YEAR 2019 ASSESSMENT ROLL

PARCEL ID	
OWNER	
SITE ST #	
SITE STREET	SITE ST SUF	
LEGAL 1	JUST VALUE	LOT / UNIT	
LOT TYPE	
# UNITS	
ACRES	SERIES 2018B DEBT
ASMT	FY2019
O&M ASMT (1)	
TOTAL ASMT	
100425-007881-001-00	DFC WILFORD LLC	TBD	CHESWICK OAK	AVE      PT OF S4, 9, 10 & 11T4R25 AS REC O R 4080 PG 313	1,082,459	TBD	50', 60'	445	264.55	358,225.00	-	358,225.00

NOTE: PER CLAY COUNTY THERE IS NOT A TAX ROLL FOR FISCAL YEAR 2019. THIS WAS CREATED USING THE CLAY COUNTY PROPERTY APPRIASER CARD
UNDER A DEVELOPER FUNDING AGREEMENT FOR FISCAL YEAR 2019 OF $108,675

C.

WILFORD PRESERVE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2018/2019 FUNDING AGREEMENT

This agreement (“Agreement”) is made and entered into this 	day of August, 2018, by and between:

Wilford Preserve Community Development District, a local unit of special- purpose government established pursuant to Chapter 190, Florida Statutes, and located in Clay County, Florida (hereinafter "District"), and

DFC Wilford, LLC, a Florida limited liability company and the developer of the lands in the District (hereinafter "Developer") with a mailing address of 14701 Philips Highway, Suite 300, Jacksonville, Florida 32256.

RECITALS

WHEREAS, the District was established by an ordinance adopted by the County Commission of Clay County Florida, for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure; and

WHEREAS, the District, pursuant to Chapter 190, Florida Statutes, is authorized to levy such taxes, special assessments, fees and other charges as may be necessary in furtherance of the District's activities and services; and

WHEREAS, Developer presently owns and/or is developing the majority of all real property described in Exhibit A, attached hereto and incorporated herein (“Property”), within the District, which Property will benefit from the timely construction and acquisition of the District's facilities, activities and services and from the continued operations of the District; and

WHEREAS, the District is adopting its general fund budget for the fiscal year beginning October 1, 2018 and ending September 30, 2019 (“Fiscal Year 2018/2019 Budget”); and

WHEREAS, this Fiscal Year 2018/2019 Budget, which both parties recognize may be amended from time to time in the sole discretion of the District, is attached hereto and incorporated herein by reference as Exhibit B; and

WHEREAS, the District has the option of levying non-ad valorem assessments on all land, including the Property, that will benefit from the activities, operations and services set forth in the Fiscal Year 2018/2019 Budget, or utilizing such other revenue sources as may  be available to it; and

WHEREAS, in lieu of levying assessments on the Property, the Developer is willing to provide such funds as are necessary to allow the District to proceed with its operations as described in Exhibit B; and

1

WHEREAS, the Developer agrees that the activities, operations and services provide a special and peculiar benefit equal to or in excess of the costs reflected on Exhibit B to the Property; and

WHEREAS, the Developer has agreed to enter into this Agreement in lieu of having the District levy and collect any non-ad valorem assessments as authorized by law against the Property located within the District for the activities, operations and services set forth in Exhibit B; and

WHEREAS, Developer and District desire to secure such budget funding through the imposition of a continuing lien against the Property described in Exhibit A and otherwise as provided herein.

NOW, THEREFORE, based upon good and valuable consideration and the mutual covenants of the parties, the receipt of which and sufficiency of which are hereby acknowledged, the parties agree as follows:

FUNDING. The Developer agrees to make available to the District the monies necessary for the operation of the District as called for in the budget attached hereto as Exhibit B, as may be amended from time to time in the District’s sole discretion, within fifteen (15) days of written request by the District. Amendments to the Fiscal Year 2018/2019 Budget as shown on Exhibit B adopted by the District at a duly noticed meeting shall have the effect of amending this Agreement without further action of the parties. Funds provided hereunder shall be placed  in the District's general checking account. These payments are made by the Developer in lieu of taxes, fees, or assessments which might otherwise be levied or imposed by the District.

CONTINUING LIEN. District shall have the right to file a continuing lien upon the Property described in Exhibit A for all payments due and owing under the terms of this Agreement and for interest thereon, and for reasonable attorneys’ fees, paralegals’ fees, expenses and court costs incurred by the District incident to the collection of funds under this Agreement or for enforcement of this lien, and all sums advanced and paid by the District for taxes and payment on account of superior interests, liens and encumbrances in order to preserve and protect the District’s lien. The lien shall be effective as of the date and time of the recording of a “Notice of Lien for Fiscal Year 2018/2019 Budget” in the public records of Clay County, Florida (“County”), stating among other things, the description of the real property and the amount due as of the recording of the Notice, and the existence of this Agreement. The District Manager, in its sole discretion, is hereby authorized by the District to file the Notice of Lien for Fiscal Year 2018/2019 Budget on behalf of the District, without the need of further Board action authorizing or directing such filing. At the District Manager’s direction, the District may also bring an action at law against the record title holder to the Property to pay the amount due under this Agreement, or may foreclose the lien against the Property in any manner authorized by law. The District  may partially release any filed lien for portions of the Property subject to a plat if and when the Developer has demonstrated, in the District’s sole discretion, such release will not materially impair the ability of the District to enforce the collection of funds hereunder. In the event the Developer sells any of the Property described in Exhibit A after the execution of this Agreement, the Developer’s rights and obligations under this Agreement shall remain the same,

2

provided however that the District shall only have the right to file a lien upon the remaining Property owned by the Developer.

ALTERNATIVE COLLECTION METHODS.

In the alternative or in addition to the collection method set forth in Paragraph 2 above, the District may enforce the collection of funds due under this Agreement by action against the Developer in the appropriate judicial forum in and for the County. The enforcement of the collection of funds in this manner shall be in the sole discretion of the District Manager on behalf of the District. In the event that either party is required to enforce this Agreement by court proceedings or otherwise, then the parties agree that the prevailing party shall be entitled to recover from the other all costs incurred, including reasonable attorneys' fees and costs for trial, alternative dispute resolution, or appellate proceedings.

The District hereby finds that the activities, operations and services set forth in Exhibit B provide a special and peculiar benefit to the Property, which benefit is initially allocated on an equal developable acreage basis. The Developer agrees that the activities, operations and services set forth in Exhibit B provide a special and peculiar benefit to the Property equal to or in excess of the costs set forth in Exhibit B, on an equal developable acreage basis. Therefore, in the alternative or in addition to the other methods of collection set forth in this Agreement, the District, in its sole discretion, may choose to certify amounts due hereunder as a non-ad valorem assessment on all or any part of the Property for collection, either through the Uniform Method of Collection set forth in Chapter 197, Florida Statutes, or under any method of direct bill and collection authorized by Florida law. Such assessment, if imposed, may be certified on the next available tax roll of the County property appraiser.

AGREEMENT; AMENDMENTS. This instrument shall constitute the final  and complete expression of the agreement between the parties relating to the subject matter of this Agreement. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both of the parties hereto.

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

ASSIGNMENT. This Agreement may be assigned, in whole or in part, by either party only upon the written consent of the other, which consent shall not be unreasonably withheld.

DEFAULT. A default by either party under this Agreement shall entitle the other to all remedies available at law or in equity, which shall include, but not be limited to, the right of damages, injunctive relief and specific performance and specifically including the ability of the District to enforce any and all payment obligations under this Agreement in the manner described herein in Paragraphs 2 and 3 above.

3

THIRD PARTY RIGHTS; TRANSFER OF PROPERTY. This Agreement is solely for the benefit of the formal parties herein and no right or cause of action shall accrue upon or by reason hereof, to or for the benefit of any third party not a formal party hereto. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the parties hereto any right, remedy or claim under or by reason of this Agreement or any provisions or conditions hereof; and all of the provisions, representations, covenants and conditions herein contained shall inure to the sole benefit of and shall be binding upon the parties hereto and their respective representatives, successors and assigns. In the event the Developer sells or otherwise disposes of its business or of all or substantially all of its assets relating to improvements, work product, or lands within the District, the Developer shall continue to be bound by the terms of this Agreement and additionally shall expressly require that the purchaser agree to be bound by the terms of this Agreement. The Developer shall give 90 days prior written notice to the District under this Agreement of any such sale or disposition.

FLORIDA LAW GOVERNS. This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida.

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

EFFECTIVE DATE. The Agreement shall be effective after execution by both parties hereto. The enforcement provisions of this Agreement shall survive its termination, until all payments due under this Agreement are paid in full.

IN WITNESS WHEREOF, the parties execute this Agreement the day and year first written above.

[SIGNATURES ON NEXT PAGE]

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Attest:	Wilford Preserve Community
Development District

Secretary/Assistant Secretary	By:  	
Its:  	

DFC Wilford, LLC
A Florida limited liability company

Witness	By: 	
Its: 	

EXHIBIT A: Property Description
EXHIBIT B: Fiscal Year 2018/2019 Budget

5

Exhibit A

Property Description

6

Exhibit B

Fiscal Year 2018/2019 Budget

7

FIFTH ORDER OF BUSINESS

RESOLUTION 2018-25

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE WILFORD PRESERVE COMMUNITY DEVELOPMENT DISTRICT RATIFYING, CONFIRMING, AND APPROVING THE ISSUANCE OF WILFORD PRESERVE COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT BONDS, SERIES 2018B; RATIFYING, CONFIRMING, AND APPROVING THE ACTIONS OF THE CHAIRMAN, VICE CHAIRMAN, TREASURER, SECRETARY, ASSISTANT SECRETARIES, AND ALL DISTRICT  STAFF REGARDING THE ISSUANCE OF THE WILFORD PRESERVE COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT BONDS, SERIES 2018B; AND DETERMINING SUCH ACTIONS AS BEING IN ACCORDANCE WITH THE AUTHORIZATION GRANTED BY THE BOARD; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Wilford Preserve Community Development District (the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

WHEREAS, the District previously adopted resolutions authorizing the issuance of
$6,230,000 Wilford Preserve Community Development District Special Assessment Bonds, Series 2018B (the “Series 2018B Bonds”); and

WHEREAS, the District has closed on the issuance of the Series 2018B Bonds; and

WHEREAS, as prerequisites to the issuance of the Series 2018B Bonds, the Chairman, Secretary, and District Staff including the District Manager, District Financial Advisor, District Engineer and District Counsel were required to execute and deliver various documents (the “Closing Documents”); and

WHEREAS, the District desires to ratify, confirm, and approve all actions of  the District Chairman, Secretary, and District Staff in closing of the Series 2018B Bonds.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE WILFORD PRESERVE COMMUNITY DEVELOPMNT DISTRICT:

SECTION 1. The issuance of the Series 2018B Bonds is in the best interests of the District.

SECTION 2. The issuance of the Series 2018B Bonds, the adoption of resolutions relating to such bonds, and all actions taken in the furtherance of the issuance on such bonds, are

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hereby declared and affirmed as being in the best interests of the District and are hereby ratified, approved, and confirmed.

SECTION 3. The actions of the Chairman, Secretary, and all District Staff in finalizing the closing and issuance of the Series 2018B Bonds, including the execution and delivery of the Closing Documents as listed on Exhibit A attached hereto, and all documents and certifications to effectuate the issuance of the Series 2018B Bonds, are determined to be in accordance with the prior authorizations of the Board and are hereby ratified, approved, and confirmed in all respects.

SECTION 4. If any provision of this Resolution is held to be illegal or invalid, the other provisions shall remain in full force and effect.

SECTION 5. This Resolution shall become effective upon its passage and shall remain in effect unless rescinded or repealed.

PASSED AND ADOPTED this 8th day of August, 2018.

ATTEST:	WILFORD PRESERVE COMMUNITY DEVELOPMENT DISTRICT

Secretary	By:  	
Its:  	

Exhibit A: Closing Documents List

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Exhibit A

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SIXTH ORDER OF BUSINESS

MINUTES OF MEETING
WILFORD PRESERVE COMMUNITY DEVELOPMENT DISTRICT

The meeting of the Board of Supervisors of the Wilford Preserve Community Development District was held on Thursday, July 19, 2018 at 1:30 p.m. at the Plantation Oaks Amenity Center, 845 Oakleaf Plantation Parkway, Orange Park, Florida 32065.

Present and constituting a quorum were:

Batey McGraw	Chairman
Jordan Beall	Vice Chairman
Linda Richardson	Supervisor
Bois Farrar	Supervisor

Also present were:

Daniel Laughlin	District Manager
Wes Haber	District Counsel (by phone)
Glynn Taylor	District Engineer
Karen Jusevitch	Hopping Green & Sams
Jim Perry	GMS
Misty Taylor	Bryant Miller Olive
Stacey Johnson	US Bank

FIRST ORDER OF BUSINESS	Call to Order
Mr. Laughlin called the meeting to order at 1:53 p.m.

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

THIRD ORDER OF BUSINESS	Organizational Matters
Acceptance of Resignation from Greg Murrell

On MOTION by Ms. McGraw seconded by Mr. Farrar with all in favor the resignation of Greg Murrell was accepted.

Consideration of Appointing New Supervisors to Fill the Unexpired Terms (11/2022)
Mr. McGraw stated I nominate Jordan Beall.

July 19, 2018	Wilford Preserve CDD

On MOTION by Ms. McGraw seconded by Mr. Farrar with all in favor to appoint Jordan Beall to the Board of Supervisors was approved.

Oath of Office for Newly Appointed Supervisors
Mr. Laughlin administered an oath of office to Jordan Beall.
Consideration of Resolution 2018-20, Election of Officers
Mr. Laughlin stated right now we have Batey as the Chairman, Linda and Bois as Assistant Secretaries, myself as an Assistant Secretary, Jim Perry as Secretary and Assistant Treasurer and Jim Oliver as Treasurer for signing purposes. I would recommend we keep the positions the same but add Jordan as Vice Chair.

On MOTION by Ms. McGraw seconded by Ms. Richardson with all in favor of adding Jordan Beall as Vice Chairman, Resolution 2018- 20 was approved.

FOURTH ORDER OF BUSINESS	Consideration of Financing Matters
A.	Supplemental Assessment Resolution 2018-21
Mr. Haber stated included in the agenda package is resolution 2018-21. I know I’ve referenced this resolution at prior meetings. As you may recall, you’ve already been through the public hearing process for the debt assessment and in going through that process you levied a maximum amount of assessments to secure future bond issues. What this resolution does is allocates the previously levied assessments to secure the bonds that will be issued on the 23rd. It also makes certain findings as it relates to approving the assessment methodology that this board previously approved in connection with the sale and marketing of the bonds and the approval of the engineer’s report, which was also used in connection with the sale of the bonds. Most of those documents are attached to the resolution as exhibits A and B. With the exception of changes that were made that were noted in the meeting, as well as changes that were made to the methodology to include the specific terms of the bonds these are substantially similar to the documents you previously approved.
Section three is what I just went through with the approval of the reports. Section four talks about the specific terms of the bonds. Starting at exhibit C of the resolution it identifies the term of the bonds and that it expires on May 1, 2028, the principal amount of the bond is
$6,230,000 and the interest rate on the bond, which is 5.750%. Exhibit D goes over the sources and  uses  of  the  bonds  showing  the  amount  that  will  go  into  the  project  fund,  which  is

2

July 19, 2018	Wilford Preserve CDD

$5,456,883.19. Those are the amounts that can be used for the project construction and then the amounts that are used for the reserve account, the capitalized interest account and the underwriter’s discount. Lastly, exhibit E shows the debt service schedule for the bonds. These are B Bonds, so it shows the interest payments that are due starting 2019 through 2028 and you’ll notice in 2028 there is a large amount due which is the outstanding principal. The expectation is that payment won’t be nearly that big and instead as lots are sold the principal amount of the bonds will be paid down. The resolution also discusses how the assessments will be collected. Because we are using B-Bonds here they will likely be entirely directly collected. The District has a right to collect them on the tax bill but more often than not they are directly collected both as interest payments and as lots are sold. The resolution also talks about true-up payments and the number of units that are to be platted. If for some reason a fewer number of units are platted there’s an obligation on the part of the landowner to make a payment to pay off the portion of the bonds that would otherwise go unpaid in light of the short fall of the unit. Finally, the resolution talks about an assessment notice. That’s a document we prepare that will be executed at your pre-closing today and will be recorded in the public records with Clay County putting the world on notice that the assessments in connection with these bonds, levied by this resolution are in place.

On MOTION by Mr. McGraw seconded by Mr. Farrar with all in favor Resolution 2018-21 was approved.

FIFTH ORDER OF BUSINESS	Approval of Minutes
June 14, 2018 Meeting
June 21, 2018 Meeting

On MOTION by Mr. McGraw seconded by Ms. Richardson with all in favor the June 14, 2018 minutes were approved.

On MOTION by Mr. Farrar seconded by Mr. McGraw with all in favor the June 21, 2018 minutes were approved.

SIXTH ORDER OF BUSINESS	Acceptance of the Minutes of the June 21, 2018
Audit Committee Meeting

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July 19, 2018	Wilford Preserve CDD

On MOTION by Mr. Farrar seconded by Mr. McGraw the minutes of the June 21, 2018 audit committee meeting were accepted.

SEVENTH ORDER OF BUSINESS	Staff Reports
District Counsel
There being none, the next item followed.
District Engineer
Mr. Taylor stated the contractor started work and he’s about 50% cleared. Site drawings for sewer manholes and the storm structures have been approved by CCUA and have been sent back to the contractor to be included.
District Manager – Discussion of the Meeting Schedule for Fiscal Year 2019
Mr. Laughlin stated the proposed meeting schedule is included in the agenda package. If there are any dates you want to change now is the time. As of now they are all set to be at 1:30 at this location.
Mr. McGraw asked are we required to have a meeting every month? Mr. Laughlin responded no we are not.

On MOTION by Mr. McGraw seconded by Mr. Farrar with all in favor the Fiscal Year 2019 meeting schedule was approved.

EIGHTH ORDER OF BUSINESS	Consideration of Financial Reports
Balance Sheet & Income Statement
Funding Request No. 5
Mr. Laughlin stated the financial reports are in your agenda package.

On MOTION by Mr. McGraw seconded by Mr. Farrar with all in favor funding request number five was approved.

NINTH ORDER OF BUSINESS	Supervisors’	Requests	and	Audience
Comments
There being none, the next item followed.

TENTH ORDER OF BUSINESS	Next Scheduled Meeting – August 16, 2018
at	1:30	p.m.	at	the	Plantation	Oaks Amenity Center
Mr. Laughlin stated our next meeting is going to be on August 16th at 1:30.

ELEVENTH ORDER OF BUSINESS	Adjournment

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July 19, 2018	Wilford Preserve CDD

On MOTION by Mr. Farrar seconded by Mr. McGraw with all in favor the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

5

SEVENTH ORDER OF BUSINESS

B.

REQUISITION NO. 1
(20188 Acquisition and Construction Account)
WILFORD PRESERVE COMMUNITY DEVELOPMENT DISTRICT (ST. JOHNS COUNTY. FLORIDA)
$6,230.000
Special Assessment Revenue Bonds. Series 2018B

The undersigned, a Responsible Officer of Wilford Preserve Community Development District (the "District") hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture from the District to The U.S. Bank National Association, N.A., as trustee (the "Trustee"), dated as of July l, 2018 (the "Indenture"), (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture):
Requisition Number: l
Name of Payee: Taylor & White, Inc.

Amount Payable: Total: $ 8,948.82
Wilford Preserve COD Invoice: 2852, 2860

Fund or Account from which disbursement to be made: 2018B Acquisition and Construction Account

The undersigned hereby ce1tifies that:
This requisition is for Costs of the 20188 Project payable from the 20188 Acquisition and Construction Account that have not previously been paid;
2. Each disbursement set forth above is a proper charge against the 20188 Acquisition and Construction Account;
The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set fo1ih above, which has not been released or will not be released simultaneously with the payment hereof.
The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such ce1iificate entitled to retain.

Attached hereto are originals of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested.
Dated: November 16, 2017

WILFORD PRESERVE COMMUNITY DEVELOPMENT DISTRICT
By:

Batey McGraw
Chairperson, Board of Supervisors

CONSULTlNG ENGINEER'S APPROVAL FOR NON-COST OF ISSUANCE REQUESTS ONLY

If this requisition is for a disbursement from other than Costs of Issuance, the undersigned Consulting Engineer hereby certifies that this disbursement is for a Cost of the Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for the po,tion of the Project with respect to which such disbursement is being made; and (iii) the report of the Consulting Engineer, as such report shall have been amended or modified on the date hereof.

TAYLOR & WHITE, INC.

By•  C?f/-
Title: District Engineer

INVOICE

9556 Historic Kings Road S., Suite 102 Jacksonville, Florida 32257
t: (904) 346-0671 • f: (904) 346-3051
www.TaylorandWhite.com

Wilford Preserve COD
AGtotnv:eCrnomuertnnteayl MHaongagegement Services

Invoice number Date

2852
06/28/2018

4S7t.5AWugeussttTinoew, nFLPl3a2c0e9, 2Suite 114	Project   16050.1  WILFORD PRESERVE COD
ProjfecstsiMonaanlaSger:viDce. sGRlyenn Teareyldorth, rPo.uEg. h- P06ri/n2c4ip/2a0l:1D8.. G-lyPnAnYTMaEylNoTr, TPE.ER. M*SD:eNnoEtTes10HoDuArlYyST­ask

Invoice Summary
Description
ENGINEER'S SUPPLEMENTAL REPORT

(LS)

CAomntoruanct 5,000.00

BPilrlieodr 0.00

BTiloletadl	CoPmerpcletnet		CuBrirlelendt 5,000.00		100.00	5,000.00

N*WTEILFORD PRESERVE DISTRICT ENGINEER-HRLY­
*OWBISLVFO/CREDRTPSR-EHSRELRYV-NETCEONSTRUCTION
*PROJECT ADMIN. & COORDINATION-HRLY-NTE
REIMBURSABLES	Total

39,600.00
20,000.00
2,500.00
0.00

0.00
0.00
0.00
0.00

0.00	0.00	0.00
0.00	0.00	0.00
0.00	0.00	0.00
0.00	0.00	0.00

67,100.00

Invoice number 2852	T&W appreciates your business!
Page 1

0.00

5,000.00

5,000.00

Invoice total I	5,000.001

Invoice  date 06/28/2018

Jacksonville. Florida 32257

INVOICE

9556 Historic Kings Road S., Suite 102 t: (904) 3w46w-0w6.T71ay-lof:r(a9n0d4W) 3h4it6e-.3c0o5m1

Wilford Preserve COD Attn: Courtney Hogge
Governmental Management Services

Invoice number Date

2860
07/18/2018

475 West Town Place, Suite 114	Project 16050.1 WILFORD PRESERVE CDD

St. Augustine, FL 32092

Professional Services Rendered through 07/15/2018. -PAYMENT TERMS: NET 10 DAYS­ Project Manager: D. Glynn Taylor, P.E. - Principal: D. Glynn Taylor, P.E. *Denotes Hourly Task

Invoice Summary

Contract
Description	Amount
ENGINEER'S SUPPLEMENTAL REPORT (LS)		5,000.00 N*WTEILFORD PRESERVE DISTRICT ENGINEER-HRLY-          39,600.00 O*WBISLVFO/CREDRTPSR-EHSRELRYV-NETCEONSTRUCTION	20,000.00
*PROJECT ADMIN. & COORDINATION-HRLY-NTE	2,500.00
REIMBURSABLES	0.00
Total	67,100.00
*Wilford Preserve District Engineer-HRLY-NTE

Glynn Taylor, P.E.

•wilford Preserve Construction Obsv/Certs-HRLY-NTE

Bradley J. Toner
DROVE TO CLAY COUNTY UTILITY TO DROP OFF DRAWINGS
James C. Johnson
Shop Drawings. Shop Drawings.
JJ Edwards
Begin review Pumpstation Shop Drawings.

Prior Billed
5,000.00
0.00
0.00
0.00
0.00
5,000.00

Total	Percent
Billed	Complete
5,000.00	100.00
495.00	1.25
3,428.75	17.14
0.00	0.00
25.07	0.00
8,948.82	13.34

Units 3.00

Units 0.75

3.00

26.00

Current Billed
0.00
495.00
3,428.75
0.00
25.07
3,948.82

Billed Amount
495.00

Billed Amount
63.75

375.00

2,990.00

Using the proposed shop drawings provided, calculate and develop Pumpstation bouyancy spreadsheet and calculations.
Complete Storm Structures Shop Drawings Review and Phase I plan review. Begin Storm Structures Shop Drawings Review and Phase I plan review.
Complete review of the Sanitary Shop Drawings compared to the Phase I Engineering Plans.

Phase subtotal	3,428.75

Invoice number 2860	T&W appreciates your business!	Invoice date 07/18/2018 Page 1 of 2

Wilford Preserve CDD
Project 16050.1 WILFORD PRESERVE CDD

Reimbursables

Mileages

subtotal

Invoice number Date
32.75

Invoice total

2860
07/18/2018
3,923.75

AmBoilulendt
25.07

3,948.821

Invoice number 2860	T&W appreciates your business!
Page 2 of 2

Invoice date 07/18/2018

EIGHTH ORDER OF BUSINESS

Wilford Preserve
Community Development District
Unaudited Financial Statements as of
July 31, 2018

WILFORD PRESERVE
Community Development District Combined Balance Sheet
July 31, 2018

General	Totals
Assets:		
Cash	
$4,862		
$4,862	
Due From Developer	$24,840		$24,840	
Prepaid Expenses	$0		$0	
Total Assets	$29,702		$29,702	

Liabilities:				
Accounts Payable	$26,436		$26,436	
Fund Balances:				
Nonspendable	$0		$0	
Restricted for Debt Service	$0		$0	
Unassigned	$3,266		$3,266	
Total Liabilities & Fund Equity	$29,702		$29,702	

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WILFORD PRESERVE
Community Development District
GENERAL FUND
Statement of Revenues & Expenditures For The Period Ending July 31, 2018

	Proposed	Prorated	Actual		
	Budget	Thru 7/31/18	Thru 7/31/18	Variance	

REVENUES:					
Developer Contributions/Assessments	$106,975	$47,015	$47,015	$0	
TOTAL REVENUES	$106,975	$47,015	$47,015	$0	
EXPENDITURES:					
ADMINISTRATIVE:					
Engineering	$15,000	$0	$0	$0	
Arbitrage	$600	$0	$0	$0	
Dissemination Agent	$3,500	$0	$0	$0	
Attorney	$20,000	$15,833	$16,215	($382)	
Annual Audit	$5,000	$0	$0	$0	
Trustee Fees	$4,000	$0	$0	$0	
Management Fees	$45,000	$20,625	$21,000	($375)	
Information Technology	$1,200	$800	$1,000	($200)	
Telephone	$100	$67	$57	$9	
Postage	$1,500	$1,000	$329	$671	
Printing & Binding	$1,000	$500.00	$868	($368)	
Insurance	$5,800	$5,800	$5,500	$300	
Legal Advertising	$2,500	$2,500	$5,462	($2,962)	
Other Current Charges	$600	$50	$169	($119)	
Office Supplies	$1,000	$0	$59	($59)	
Dues, Licenses & Subscriptions	$175	$175	$175	$0	
TOTAL EXPENDITURES	$106,975	$47,350	$50,835	($3,485)	
					
EXCESS REVENUES (EXPENDITURES)	$0		($3,820)		
FUND BALANCE - Beginning	$0		$7,086		
FUND BALANCE - Ending	$0		$3,266		

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WILFORD PRESERVE
Community Development District
General Fund
Month By Month Income Statement Fiscal Year 2018

October	
November	
December	
January	
February	
March	
April	
May	
June	
July	
August		
September	
Total	
Revenues:															
Developer Contributions/Assessments	$6,841	$1,297	$1,662	$4,511	$1,413	$6,066	$8,679	$7,982	$4,345	$4,218		$0	$0	$47,015	
Total Revenues	$6,841	$1,297	$1,662	$4,511	$1,413	$6,066	$8,679	$7,982	$4,345	$4,218		$0	$0	$47,015	

Expenditures:															
Administrative
Engineering	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0		
$0	
$0	
$0	
Arbitrage				$0	$0	$0	$0	$0	$0	$0		$0	$0	$0	
Dissemination Agent	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	$0	
Attorney	$194	$561	$2,985	$0	$987	$3,504	$4,192	$3,792	$0	$0		$0	$0	$16,215	
Annual Audit	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	$0	
Trustee Fees	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	$0	
Management Fees	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$3,750	$3,750	$3,750	$3,750		$0	$0	$21,000	
Information Technology	$100	$100	$100	$100	$100	$100	$100	$100	$100	$100		$0	$0	$1,000	
Telephone	$8	$0	$0	$0	$0	$0	$29	$0	$21	$0		$0	$0	$57	
Postage	$0	$1	$1	$0	$0	$50	$12	$52	$211	$1		$0	$0	$329	
Printing & Binding	$2	$2	$0	$1	$0	$174	$45	$116	$181	$347		$0	$0	$868	
Insurance	$5,500	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	$5,500	
Legal Advertising	$265	$0	$0	$0	$313	$3,052	$261	$1,446	$126	$0		$0	$0	$5,462	
Other Current Charges	$60	$23	$46	$20	$20	$0	$0	$0	$0	$0		$0	$0	$169	
Office Supplies	$0	$0	$0	$0	$0	$10	$0	$13	$16	$20		$0	$0	$59	
Dues, Licenses & Subscriptions	$175	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	$175	
Total Expenses	$7,304	$1,687	$4,132	$1,121	$2,420	$7,891	$8,388	$9,268	$4,404	$4,218		$0	$0	$50,835	
															
Excess Revenues (Expenditures)	($463)	($390)	($2,470)	$3,390	($1,007)	($1,825)	$291	($1,286)	($59)	$0		$0	$0	($3,820)	

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Wilford Preserve
Community Development District
Funding Requests

Funding Request #	
Date of
Request	Check Date
Received
Developer	
Check Amount Developer	Requested Funding Amount
FY 2017	Requested Funding Amount
FY 2018	
Balance Due From Developer	

1	
4/18/17	
10/6/17	
$15,000.00	
$15,000.00		
$0.00	
2	3/5/18	3/8/18	$30,600.97	$15,301.21	$15,299.76	$0.00	
3	4/4/18	5/17/18	$6,875.08		$6,875.08	$0.00	
4	6/21/18		$0.00		$11,817.99	($11,817.99)	
5	7/19/18		$0.00		$13,022.33	($13,022.33)	

TOTAL

$52,476.05

$41,033.45

$47,015.16

($24,840.32)

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