Botaniko Community Development District

May 6, 2020

Botaniko
Community Develop,m	ent District
5385 N. Nob Hill Road, Sunrise, Florida 33351 Phone: 954-721-8681- Fax: 954-721-9202

April 29, 2020

Board of Supervisors Botaniko
Community Development District

Dear Board Members:

A communications media technology meeting of the Board of Supervisors of the Botaniko Community Development District will be held on May 6, 2020 at 1:30 p.m. In accordance with Office of the Governor, Executive Order 20-69 (Emergency Management - COVID-19 - Local Government Public Meetings), authorizing the use of communications media technology, such as telephonic conferencing, as provided in Section 120.54(5)(b)2, Florida Statutes, the Board of Supervisors and members of the public may attend and participate in the meeting utilizing the following call-in information: from your computer, tablet or smartphone go to: https://global.gotomeeting.com/ join/229407597 or by dialing +1 (571) 317-3122 and Access Code: 229- 407-597 and are further encouraged to submit comments or questions in advance of the meeting by email to info@gmssf.com or by telephone by calling 954-721-8681. Following is the advance agenda for the meeting:

Roll Call

Approval of Minutes of the January 8, 2020 Meeting

Consideration of Resolution #2020-23 Approving the Proposed Fiscal Year 2021 Budget and Setting the Public Hearing

Consideration of Maintenance Agreement between Botaniko COD and Botaniko Weston Community Association, Inc.

Staff Reports
Attorney

Engineer

Manager - Number of Registered Voters in the District - 22

Financial Reports
Approval of Funding Requests #5 & #6

Combined Balance Sheet

Supervisors Requests and Audience Comments

Adjournment

Meetings are open to the public and may be continued to a time, date and place certain. For more information regarding this COD please visit the website:http://www. botanikocdd.com

MINUTES OF MEETING BOTANIKO
COMMUNITY DEVELOPMENT DISTRICT

'1

I

The regular meeting of the Board of Supervisors of the Botaniko Community Development District was held on Wednesday, January 8, 2020 at 1:30 p.m. at the offices
of Governmental Management Services, 5385 N. Nob Hill Road, Sunrise, Florida.	i

Present and constituting a quorum were:

Michael Piazza Phil Hagin Jennifer Ortiz Beth Bogart
Jessica Mullins-Flores

Also present were:

Ginger Wald Andressa Navarette Rich Hans
Juan Alvarez Bob Gang

FIRST ORDER OF BUSINESS

Chairperson
Vice Chairperson (by phone) Assistant Secretary Assistant Secretary Assistant Secretary

District Counsel District Manager
Governmental Management Services District Engineer (by phone)
Bond Counsel (by phone)

Roll Call

Ms. Navarette called the meeting to order and called roll.

SECOND  ORDER OF BUSINESS	Approval	of	Minutes	of	the
December 4, 2019 Meeting
Ms. Navarette: The first item that we have is the approvaL of the minutes of the December 4, 2019 meeting. If you have any corrections, additions or deletions please let me know.
Ms. Wald: There's one spelling error, on page 13 and carried on to page 14, and I'll give it to you, Scribner's is Scrivner's, instead of a "b" it's a "v" and I'll hand you the pages. Other than that, it was fine.

January 8, 2020	Botaniko COD

Ms. Navarette:	Ok, so if no one has anything else, we would need a motion to approve the minutes.

On MOTION by Ms. Bogart seconded by Ms. Ortiz with all in favor, the Minutes of the December 4, 2019 Meeting with the indicated changes were approved.

THIRD ORDER OF BUSINESS	Consideration of Engineering
Agreement with Alvarez Engineers, Inc. to serve as District Engineer
Ms. Navarette: The next item we have is in section 3, and please take a look at the consideration of the engineering agreement with Alvarez Engineers, and he is also on the line so if you have any questions, he can answer those for you.
Ms. Wald: You had ranked at the last meeting Juan Alvarez with Alvarez Engineering as #1 and this is the agreement that was prepared that we have reviewed, and it is the standard agreement in form, and you'll see the pricing for Alvarez Engineering on schedule A.
Ms. Navarette: If there are no questions, a motion to approve would take place.

On MOTION by Ms. Bogart seconded by Mr. Piazza with all in favor, accepting the engineer agreement with Alvarez Engineers, Inc. to serve as District Engineer was approved.

Mr. Alvarez: Excuse me, may I just say, I just wanted to express my gratitude to the Board for selecting my firm, and I look forward to wo king with you.
Ms. Wald: And Juan I'll be calling you soon, this is Ginger. Mr. Alvarez: Ok, very well, thank you.

FOURTH  ORDER OF BUSINESS	Consideration	of	True-Up
Agreement
Ms. Navarette: The next item that we have is consideration of a true-up agreement which was prepared by District counsel.
Ms. Wald: Yes, and this is basically in substantial final form because if any changes have to be made to do it, like there's sometimes typographical  or Scrivener's errors.

Basically, this was part of one of the agreements that we had at the last meeting, and then it was pulled because we didn't think we really needed it because all the infrastructure is already done, but bond counsel wants it back. So, we've added it back to the agenda and it's basically for the developer to make any payments, true-up, any type of payments that need to be made in case something changes.
Mr. Hans: If you were to change the development plan, and develop less units than you're planning on developing, so you'd be replatting with less units, so the revenue to pay off the bonds, you would lose some of that revenue because we have less units, the developer would be obligated to make a true-up payment which would reduce the principal amount, the outstanding amounts, to a level that's supported by the remaining units that you're assessed. Chances of you guys replatting anything out there, I don't know if you would even be able to do it, so it's kind of a long path, and we tried to argue that but they said, no they want it in order to issue the bonds, so we dragged you back here to approve it, so that's why it's on the agenda, so that's what it does.
Mr. Piazza: Ok.
Ms. Navarette: So, if you guys don't have any questions, we can take a motion to approve that.
Ms. Wald: In substantial final form.

On MOTION by Ms. Bogart seconded by Ms. Flores with all in favor, accepting the True-Up Agreement in substantial final form as stated on the record was approved.

FIFTH ORDER OF BUSINESS	Staff Reports
Ms. Navarette: The next item would be the staff reports, Ginger, do you have any report?

Attorney
Ms. Wald: No, this is basically all we need to be done and then we can move forward with the bond, and I ·think Rich has some updates as the manager, but we did receive an email, so at the beginning of February pricing at the end of this month, and the beginning of February for preclosing and closing.

Mr. Hans: And that's where we'll need either the chairman or vice chairman, so as it gets closer towards the end of the month, we'll let you know.
Mr. Piazza: But I know the question in our office is, when would they be funded? Mr. Hans:	Two days after the preclosing, so if we could close say February 1st,
you'd have funds by February 3rd.
Mr. Piazza: Ok.
Ms. Wald: It's pretty immediate as soon as the closing occurs, and then work with the District engineer on the requisitions for the payments.
Mr. Hans: So, we're looking for like the, still working on the opinion of title from your developer counsel, and the mortgage acknowledgement so I don't think it's anything that's too difficult to get. So, it's being worked on, and once they get that done then they can market the bonds and then we have our preclosing.
Ms. Bogart: So, we just need to make sure those items are done in advance of the end of the month.
Mr. Hans: Yes, and underwriter, and underwriter's counsel is working with your accountant, Jamie, so it's in progress. It's nothing you as a Board has to do, so we're good.

Engineer
Ms. Navarette: Ok, so we can move on, the engineer is no longer on the phone for anything.

Manager
Ms. Navarette: Under manager.
Mr. Hans: So as far as the closing, we'll send out a date for that and Board members don't need to attend the closing, but it will be down at Bob Gang's office on Brickell Avenue, so it's a little closer to you guys. If you want to attend, whoever wants to attend can, but if we're going to have multiple Board members there, we'll need to know ahead of time and advertise which you probably don't want to do that.
Mr. Piazza: On the engineers' report, when would he start and how long does he have to do the maintenance?
Mr. Hans: The only thing that's ongoing, once we have the engineers report for the bond issue, Juan is going to be our District engineer going forward, so if there are any

items that come up in the future, there may be some easement agreements, or things where you have to get involved with, he'd be involved with that. Once a year for the bond documents, there's a quick one page report that the engineer needs to basically do a quick inspection and state that everything is in working order, being maintained properly and that's kind of it, the scope is very limited for the ongoing process.
Ms. Wald: The completion of improvements, he gives a certificate as for that, and that's about it for this project. I have to make sure that all easements that we have now, that this Board had previously approved, we're good to go.
Mr. Piazza: Phil?
Mr. Hagin: Yes.
Mr. Piazza:	Where the mailbox kiosks are going, they're within a common area
right?
Mr. Hagin: They're in the common area in close proximity to each gatehouse on the
exit side.
Mr. Piazza: Right, so there's nothing that we need to change with those? Ms. Wald: No, because that's all going to be HOA.
Mr. Piazza: Yes.
Ms. Wald: So, we don't need to worry about that, and really, it's just the drainage, and we haven't heard anything new, so we should be good.

SIXTH ORDER OF BUSINESS	Financial Reports
A. Approval of Funding Request #4
Ms. Navarette: So, the next item would be the financial reports, behind tab A, if you would please take a look, and if there are no questions, we would need a motion to approve the funding request #4.

On MOTION by Ms. Bogart seconded by Ms. Ortiz with all in favor, accepting funding request #4 was approved.

SEVENTH  ORDER OF BUSINESS	Supervisors	Requests	and
Audience Comments
Ms. Navarette: Next item would be Supervisors requests, if there are any requests, we can take those.

EIGHTH ORDER OF BUSINESS	Adjournment
Ms. Navarette: If there are none, a motion to adjourn would be in order.

On MOTION by Ms. Bogart seconded by Ms. Ortiz with all in favor, the meetinQ was adjourned.

Secretary /Assistant Secretary	Chairman / Vice Chairman

RESOLUTION 2020 23

A RESOLUTION OF THE BOTANIKO COMMUNITY DEVELOPMENT DISTRICT APPROVING THE DISTRICT'S PROPOSED BUDGET FOR FISCAL YEAR 2021 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW

WHEREAS, the District Manager has prepared the proposed budget for the Fiscal Year 2021; and

WHEREAS, the Board of Supervisors approves the proposed budget for purpose of submitting said budget to the local governing authorities not less than 60 days prior to the public hearing date in accordance with Chapter 190.00S(b), Florida Statutes: and

WHEREAS, the Board of Supervisors desires to set the public hearing date;

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

The proposed budget for Fiscal Year 2021 is hereby approved for the purpose of conducting a public hearing to adopt said budget.
A public hearing on said approved budget is hereby declared and set for the following date, hour and place:

Date:	 Hour:	 Place:      	

Notice of public hearing shall be published in accordance with Florida Law.

Adopted this  	daof 	2020
ChairmanNice Chairman
Secretary/Assistant Secretary

Proposed Budget
Fiscal Year 2021

Botaniko
Community Development District

May 6, 2020

Community Development District	General Fund

	FY2020
Adopted	Actual thru	Projected Next	Total Projected at	FY2021
Proposed	
Description	Budget	3/31/20	6 Months	9/30/20	Budget	

Revenues						
Maintenance Assessments	$75,000	$36,997	$19,938	$56,935	$75,000	
Total Revenues	$75,000	$36,997	$19,938	$56,935	$75,000	

Expenditures						
Administrative						
Engineering	$5,000	$559	$2,795	$3,354	$5,000	
Arbitrage	$1,200	$0	$0	$0	$600	
Dissemination Agent	$2,500	$0	$0	$0	$2,500	
Attorney	$15,000	$i2,421	$8,872	$21,293	$15,000	
Annual Audit	$6,000	$0	$0	$0	$6,000	
Trustee Fees	$5,000	$0	$0	$0	$5,000	
Management Fees	$20,000	$10,000	$10,000	$20,000	$20,000	
Telephone	$0	$4	$100	$104	$150	
Postage	$1,000	$1	$150	$151	$500	
Printing & Binding	$2,500	$496	$354	$850	$1,000	
Insurance	$6,000	$4,411	$0	$4,411	$6,000	
Legal Advertising	$3,500	$3,107	$500	$3,607	$3,500	
Other Current Charges	$500	$92	$1,200	$1,292	$5,125	
Continge cy	$5,125	$56	$100	$156	$2,800	
Website Compliance	$1,500	$750	$750	$1,500	$1,500	
Supplies	$0	$18	$25	$42	$150	
Dues-Annual Fee DEO	$175	$175	$0	$175	$175	
Total Expenditures	$75,000	$32,089	$24,846	$56,935	$75,000	
						
Assigned Fund Balance	$0	$4,908	($4,908)	$0	$0	
					
FY2021	
	
# Units	
125		
	Net Assessments per Unit	$600		
	Total Net Assessments	$75,000		

Page 1				

Community Development District	General Fund

REVENUES:

Maintenance Assessments

The District will levy a Non-Ad Valorem assessment on all the platted lots within the District to pay the operating expenses for the Fiscal Year in accordance with the adopted budget. The proposed assessment for Operations and Maintenance is $600 per unit.

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.

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.

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.

Attorney Fees

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 annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.

Trustee Fees

The District bonds will be held and administered by a Trustee. This represents the trustee annual fee.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services - South Florida, LLC.

Telephone

This item includes telephone and fax service.

Postage

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

Comml:flnity Development District	General Fund

Administrative: (continued)

Insurance

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

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 etc in a newspaper of general circulation.

Other Current Charges

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

Website Compliance

Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the COD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.

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.

Botaniko	Debt Service Fund
Community Development District	Series 2020 Special Assessment Bond

FY2020	Actual	Projected		Total		FY2021 Proposed		thru		Next	Projected at	Proposed
Description	Budget	3/31/20	6 Months	9/30/20	 	Budget		

Revenues						
Interest Income	$500	$188	$1,350	$1,538	$500	
Special Assessments	$0	$0	$0	$0	$429,337	
Carry Forward Surplus Ill	$0	$0	$0	$0	$141,485	

Total Revenues	 	$500	$188	$1,350	$1,538	 	$571,322 

Interest 11/01	$0	$0	$0	$0	$139,947	
Interest 05/01	$59,866	$0	$59,866	$59,866	$139,947	
Principal 05/01	$0	$0	$0	$0	$150,000	
Total Expenditures	 	$59,866	$0	 	$59,866	$59,866		 	$429,894 	

Expenditures Series 2020

Other Financing Sources/(Uses}

Bond Proceeds	$414,482	$414,482	$0	$414,482	$0

Total Other Financing Sources/(Uses)	 	$414,482	$414,482	$0	$414,482	 	$0

12)	EXCESS REVENUES	$355,116	$414,670	($58,516)	$356,154	$141,429

Ill Carry forward is net of Reserve Fund requirement.	11/1/21 Interest	$	137,791
12l  Cap Interest is funded through 11/1/20

FY2021

79
$5,435
$429,337

# Units
Net Assessments per Unit Total Net Assessments

Botaniko	Series 2020 Special Assessment Bond
Community Development District	Amortization Schedule

PRINCIPAL
 	DATE		BALANCE	INTEREST	PRINCIPAL	TOTAL

1-May-20	$	7,640,000	$	59,866	$	59,866
1-Nov-20	$	7,640,000	$	139,947	$
1-May-21	$	7,640,000	$	139,947	$	150,000	$	429,893.76
1-Nov-21	$	7,490,000	$	137,791	$
1-May-22	$	7,490,000	$	137,791	$	155,000	$	430,581.26
1-Nov-22	$	7,335,000	$	135,563	$
1-May-23	$	7,335,000	$	135,563	$	160,000	$	431,125.00
1-Nov-23	$	7,175,000	$	133,263	$
1-May-24	$	7,175,000	$	133,263	$	165,000	$	431,525.00
1-Nov-24	$	7,010,000	$	130,891	$
1-May-25	$	7,010,000	$	130,891	$	170,000	$	431,781.26
1-Nov-25	$	6,840,000	$	128,447	$
1-May-26	$	6,840,000	$	128,447	$	175,000	$	431,893.76
1-Nov-26	$	6,665,000	$	125,603	$
1-May-27	$	6,665,000	$	125,603	$	180,000	$	431,206.26
1-Nov-27	$	6,485,000	$	122,678	$
1-May-28	$	6,485,000	$	122,678	$	185,000	$	430,356.26
1-Nov-28	$	6,300,000	$	119,672	$
1-May-29	$	6,300,000	$	119,672	$	190,000	$	429,343.76
1-Nov-29	$	6,110,000	$	116,584	$
1-May-30	$	6,110,000	$	116,584	$	195,000	$	428,168.76
1-Nov-30	$	5,915,000	$	113,416	$
1-May-31	$	5,915,000	$	113,416	$	205,000	$	431,831.26
1-Nov-31	$	5,710,000	$	110,084	$
1-May-32	$	5,710,000	$	110,084	$	210,000	$	430,168.76
1-Nov-32	$	5,500,000	$	106,278	$
1-May-33	$	5,500,000	$	106,278	$	220,000	$	432,556.26
1-Nov-33	$	5,280,000	$	102,291	$
1-May-34	$	5,280,000	$	102,291	$	225,000	$	429,581.26
1-Nov-34	$	5,055,000	$	98,213	$
1-May-35	$	5,055,000	$	98,213	$	235,000	$	431,425.00
1-Nov-35	$	4,820,000	$	93,953	$
1-May-36	$	4,820,000	$	93,953	$	245,000	$	432,906.26
1-Nov-36	$	4,575,000	$	89,513	$
1-May-37	$	4,575,000	$	89,513	$	250,000	$	429,025.00
1-Nov-37	$	4,325,000	$	84,981	$
1-May-38	$	4,325,000	$	84,981	$	260,000	$	429,962.50
1-Nov-38	$	4,065,000	$	80,269	$
1-May-39	$	4,065,000	$	80,269	$	270,000	$	430,537.50
1-Nov-39	$	3,795,000	$	75,375	$
1-May-40	$	3,795,000	$	75,375	$	280,000	$	430,750.00
1-Nov-40	$	3,515,000	$	70,300	$
1-May-41	$	3,515,000	$	70,300	$	290,000	$	430,600.00
1-Nov-41	$	3,225,000	$	64,500	$
1-May-42	$	3,225,000	$	64,500	$	305,000	$	434,000.00
1-Nov-42	$	2,920,000	$	58,400	$
1-May-43	$	2,920,000	$	58,400	$	315,000	$	431,800.00
1-Nov-43	$	2,605,000	$	52,100	$
1-May-44	$	2,605,000	$	52,100	$	330,000	$	434,200.00
1-Nov-44	$	2,275,000	$	45,500	$
1-May-45	$	2,275,000	$	45,500	$	345,000	$	436,000.00
1-Nov-45	$	1,930,000	$	38,600	$
1-May-46	$	1,930,000	$	38,600	$	355,000	$	432,200.00
1-Nov-46	$	1,575,000	$	31,500	$
1-May-47	$	1,575,000	$	31,500	$	370,000	$	433,000.00
1-Nov-47	$	1,205,000	$	24,100	$
1-May-48	$	1,205,000	$	24,100	$	385,000	$	433,200.00
1-Nov-48	$	820,000	$	16,400	$
1-May-49	$	820,000	$	16,400	$	400,000	$	432,800.00
1-Nov-49	$	420,000	$	8,400	$

1-May-50	$	420,000

,C,:	8,400	$	420,000	$	436,800.00

$	5,369,085.04	$	7,640,000.00	$	13,009,085.04

Pages

MAINTENANCE AGREEMENT

This Agreement is made and entered into this  	 Date"), by and between:

day of 	,2020 ("the Effective

BOTANIKO COMMUNITY DEVELOPMENT DISTRICT, a local unit of
special purpose government established pursuant to Chapter 190, Florida Statutes, being situated in Weston, Broward County, Florida, and whose mailing address is c/o Governmental Management Services-South Florida, LLC, 5385 N. Nob Hill Road, Sunrise, Florida 33351 (the "District"); and

BOTANIKO WESTON COMMUNITY ASSOCIATION, INC., aFloridanot-for­
profit corporation, whose address is 2665 S. Bayshore Drive, Suite 1020, Miami, Florida 33133, and its successors and assigns, (all referred to herein as the "Association").

RECITALS

WHEREAS, the District was established by Ordinance No. 2019-11, enacted and effective September 23, 2019, enacted by the City Commission of the City of Weston, Florida, for the purpose of planning, financing, constructing, installing, operating, acquiring and/or maintaining certain public infrastructure to serve the residential community known as "Botaniko"; and

WHEREAS, the District is a local unit of special-purpose government organized and existing in accordance with the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended;

WHEREAS, the District, pursuant to the responsibilities and authorities vested in it by Chapter 190, Florida Statutes, desires to proceed with the discharge of its duties, including but not limited to its administrative and legal functions and the maintenance of, among other things, entrance roadways and right-of-way improvements, storm water management system, sanitary sewer system, irrigation and landscaping of perimeter landscape buffers ("Improvements" as further defined hereinbelow) in the areas within the District boundaries as set forth in the map attached as Exhibit "_A, ."

WHEREAS, the District and the Association desire to provide for maintenance of the Improvements; and

WHEREAS, the Association on behalf of and for the benefit of its members has agreed to provide, pursuant to the terms of the Agreement, certain maintenance services and materials;

NOW, THEREFORE, in consideration of the mutual covenants herein contained, and for Ten and no/lO0ths ($10.00) Dollars and other good and valuable consideration, receipt of which is hereby acknowledged, and subject to the terms and conditions hereof, the District and the Association agree as follows:

Section 1.0. Recitals.

The above recitals are deemed true and correct to the best of the knowledge of the parties and are incorporated into this Agreement.

Section 2.0. Description of Improvements.

The Improvements that are the subject of this Agreement are more fully described in the attached Exhibit "B", which exhibit is incorporated by reference.

Section 3.0. Performance.

The District and the Association hereby agree, as follows:

the Associatiori shall provide the maintenance services and materials as set forth in the attached Exhibit "C" (the "Maintenance Services"), which exhibit is incorporated in its entirety and made a part hereof by reference, for the Improvements; and

the Maintenance Services shall be provided by the Association in a competent and professional manner using qualified and experienced employees or contractors with such frequency as is necessary and reasonable in the industry and under the circumstances to ensure that the Improvements are properly maintained and continue to function with their intended purpose. In addition, since each of the Improvements may require different types of maintenance and materials, the maintenance intervals and the time periods within which maintenance tasks must be performed and the materials to be used by the Association shall be flexible and adjusted periodically depending on the condition of each of the Improvements and maintenance needs; and

the Maintenance Services shall be provided by the Association in strict compliance with all governmental entities and agencies permits, requirements, rules, acts, statutes, ordinances, orders, regulations and restrictions, including but not limited to the following entities, if applicable,
(a) the District; (b) South Florida Water Management District; (c) Florida Department of Environmental Protection; (d) Broward County, Florida; (e) City of Weston; and (f) Bonaventure Development District.

the Maintenance Services shall be provided by the Association without interfering in any way with or encumbering the use, access, ingress, egress, easement, right-of-way, dedication, ownership or other right or interest of the District in the Improvement or in the real property where each Improvement is located; and

the Association shall timely pay all invoices, or other manner of billing, for all persons or entities with whom the Association may have contracted or arranged to provide services or materials in fulfillment of its obligations under this Agreement, including the District as provided for in Sections 5 and 6 herein.

The Association is responsible for paying the costs of the Maintenance Services only to the extent of the fees collected for the Maintenance Services by the Association. The fees collected from the residents for the Maintenance Services shall represent the actual costs charged by the third-party vendors performing such services on behalf of the Association plus any reasonable overhead of the Association. Any fees collected that exceed such costs will be credited to the resident's future fees.

The Association covenants that it will not take any tax position inconsistent with it being a service provider to the District.

The District shall be responsible for any capital costs relating to the Improvements.

Section 4.0. The Association's Responsibility for Acts of Force Majeure.

The District and the Association agree that the Maintenance Services herein assumed by the Association shall not include by way of example but not limitation the repair or replacement of the Improvements that are damaged as a result of a hurricane, tornado, windstorm, freeze damage, fire, drought or flooding.

Section 5.0. Emergency Intervention by the District.

In the event of an emergency, as determined by the District in its reasonable sole discretion, and regardless of any language in this Agreement to the contrary or any language in any contract or arrangement that the Association may have with third parties concerning the Maintenance Services for the Improvements, the District reserves the unilateral and exclusive right to implement or initiate, without advance notice, the following:

the provision of maintenance services or materials for any one or more of the Improvements; and

the removal, modification, relocation, or replacement, in the District's sole discretion, of one or more of the Improvements.

Further, in such event, the Association agrees that upon the District's commencement of a maintenance program or provision of maintenance services or materials for any one of the Improvements pursuant to this section, the District shall issue to the Association a written invoice for the costs incurred pursuant to this section, and the Association shall pay said invoice in full within thirty (30) calendar days following receipt of the invoice subject to the limitations set forth in Section 3.0(F). A failure to timely pay the invoice in full shall be deemed a material breach of this Agreement.

Section 6.0. Remedies, Default, and Specific Performance.

The District may elect any of one or more of the following remedies, as well as any other remedies available in law or equity, if the Association should default in carrying out the terms and conditions of this Agreement, namely:

Material Breach by Association. Any failure of the Association to comply with Sections 3.0 or 4.0 of this Agreement shall be deemed a material breach of this Agreement In the event of a material breach of this Agreement, the District, at its sole discretion and without advance notice or opportunity to cure, may elect to initiate its own maintenance program or provide such maintenance services and materials and thereby assume full control over maintenance of some or all of the Improvements; provided, however, the District shall be obligated to give a subsequent oral or written notice to the Association as soon as is reasonably possible, but in no event later than five (5) business days after commencement of a maintenance program or maintenance services or materials by the District pursuant to the authority of this section.

Default by Association.	If the Association should fail, refuse or neglect to furnish or perform any one or more of the required Maintenance Services within thirty (30) days from the date of receipt of a written notice of default from the District, then in that event the District, at its sole discretion and without further notice, may elect to (i) initiate a maintenance program or provide such maintenance services and materials and thereby assume full maintenance responsibility as to some or all of the Improvements or (ii) remove, modify, relocate, or replace, as the case may be and in the District's reasonable sole discretion, one or more of the Improvements.

Discontinuation & Reimbursement by Association. At such time as the District should commence a maintenance program or provide maintenance services or supplies for one or more of the Improvements under this section, and upon receipt of the oral or written notice from the District, the Association shall promptly discontinue the provision of Maintenance Services as to same until such time as is otherwise agreed to in writing by and between the parties hereto, and regardless of any contracts or arrangements with third parties into which the Association may have entered to perform Maintenance Services.

Other Remedies & Opportunity to Cure. At the sole discretion of the District, a breach or material default by the Association under the Agreement, including a failure to timely pay an invoice, shall entitle the District to all remedies available in law or equity or in an administrative tribunal, which shall include but not be limited to the right of damages, injunctive relief and specific performance. In the event of the Association's default under this Agreement, the parties agree and stipulate as to the irreparable harm of such default and as to the absence of adequate remedies at law; therefore, the District shall have, in addition to such rights and remedies as provided by general application oflaw, the right to obtain specific perf01mance of, and injunctive relief concerning, the Association's obligations hereunder.

However, except for emergency situations (as so reasonably determined by the District), before the District may initiate legal action for the Association's failure or default under this Agreement, the District shall provide advance written notice to the Association of the nature of the alleged failure or default and afford a ten (10) calendar day cure period, and the Association, shall

have ten (10) calendar days following the date of receipt of said notice to cure the alleged failure or default through appropriate and substantive remedial action.

Section 7.0. Indemnification.

The Association does hereby indemnify and hold the District harmless of and from any and all loss or liability that the District may sustain or incur by reason of the Association's assumption of the Maintenance Services for the Improvements, including any that may result from or arise out of the Association's misfeasance, malfeasance, nonfeasance, negligence or failure to carry out its obligations under this Agreement, with said indemnification and hold harmless to include but not be limited to: (A) direct costs and damages, (B) indirect or consequential costs and damages (provided there is a proximate cause relationship) and (C) any and all injuries or damages sustained by persons or damage to property, including such reasonable attorney's fees and costs (including appellate, arbitration, or mediation) that may be incurred by the District that relate thereto. Provided, however, it is understood that this section does not (i) indemnify the District for the Association's misfeasance, malfeasance, nonfeasance, negligence or failure to carry out the terms and conditions of this Agreement if same is caused by, or at, that direction of the District or (ii) authorize the Association to select or provide legal counsel on behalf of the District.

Section 8.0. Insurance.

The Association shall be required, on or before the date of the execution of this Agreement and without any interruption or lapse thereafter, to provide to the District a Certificate oflnsurance reflecting insurance coverage for the Association in such amounts and in accordance with the requirements set forth on the attached Exhibit "D", which exhibit is incorporated by reference. Further, said Certificate oflnsurance shall on its face reflect the following, including but not limited to:

the District as an additional insured to the extent of limits of liability set forth in the attached Exhibit "D"; and

the District as the certificate holder of the Certificate oflnsurance; and

a statement that the insurance coverage represented by the Certificate of Insurance shall not be terminated, canceled or reduced unless thirty (30) days prior written notice of such termination, cancellation or reduction (or ten (10) days if terminated or canceled for non-payment) is mailed by first class U.S. Mail to the District.

Section 9.0. Term of Agreement.

This Agreement shall take effect as of 	("Effective Date"). Unless terminated as otherwise permitted in this Agreement, the term of this agreement shall expire on midnight of December 31st of the year that is one year following the year of the Effective Date. This Agreement shall automatically renew for additional on (1) year term, commencing at 12:01 a.m. on January 1st of the following year, unless the Association provides written notice before 5:00 p.m. on April 1st of the year in which the then-current term will expire that the Association intends not to renew for an additional term.

In addition to the rights and methods of termination established pursuant to any other provision of this Agreement, the District may terminate this Agreement by providing written notice before 5:0Opm on April 1st of the year in which the then-current term will expire that the District intends not to renew for an additional term.

Section 10.0. Miscellaneous Provisions

Time of the Essence. Time is of the essence with respect to this Agreement.

Notices. All notices, requests, consents and other communications required or permitted under this Agreement shall be in writing (including facsimile) and shall be (as elected by the person giving such notice) hand delivered by prepaid express overnight courier or messenger service, telecommunicated, or mailed (airmail if international) by registered or certified (postage prepaid), return receipt requested, to the following addresses:

AS TO THE DISTRICT:	Botaniko Community Development District
5385 N. Nob Hill Road Sunrise, Florida 33351 Attention: District Manager

With a copy to:	Billing, Cochran, Lyles, Mauro & Ramsey, P.A.
515 East Las Olas Blvd., 6th floor Fort Lauderdale, Florida 33316 Attention: Dennis E. Lyles

AS TO THE ASSOCIATION:	Botaniko Weston Community Association, Inc.
2665 S. Bayshore Drive, Suite 1020
Miami, Florida 33133 Attention: President

Entire Agreement. The parties agree that this instrument embodies the complete understanding of the parties with respect to the subject matter of this Agreement and supersedes all other agreements, verbal or otherwise. This Agreement contains the entire understanding between District and Association and each agrees that no representation was made by or on behalf of the other that is not contained in this Agreement, and that in entering into this Agreement neither partyrelied upon any representation not herein contained.

Amendment & Waiver. This Agreement may be amended only by a written instrument signed by both parties. If any party fails to enforce their respective rights under this Agreement or fails to insist upon the performance of the other party's obligations hereunder, such failure shall not be construed as a permanent waiver of any rights as stated in this Agreement.

Severability. The parties agree that if any part, term or provision of this Agreement is held to be illegal or in conflict with any law of the State of Florida or with any federal law or regulation, such provision shall be severable, with all other provisions remaining valid and enforceable.

Controlling Law. This Agreement shall be construed under the laws of the State of Florida.

Authority. 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 Agreement.

Costs & Fees. In the event 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 attorney's fees and costs for trial, alternate dispute resolution, or appellate proceedings.

Successors & Assignment. The rights and obligations created by this Agreement shall be binding upon and inure to the benefit of District, their heirs, executors, receivers, trustees, successors and assigns. This Agreement may not be assigned without the written consent of all parties, and such written consent shall not be unreasonably withheld.

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

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

Execution of Documents. Each party covenants and agrees that it will at any time and from time to time do such acts and execute, acknowledge and deliver, or cause to be executed, acknowledged and delivered, such documents reasonably requested by the parties necessary to carry out fully and effectuate the transaction or performance herein contemplated.

Construction of Terms. Whenever used, the singular number shall include the plural, the plural the singular; and the use of any gender shall include all genders, as the context requires; and the disjunctive shall be construed as the conjunctive, the conjunctive as the disjunctive, as the context requires.

10.14. Captions. The captions for each section of this Agreement are for convenience and reference only and in no way define, describe, extend, or limit the scope of intent of this Agreement, or the intent of any provision hereof.

10.15 Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be and be taken to be an original, and all collectively deemed one instrument.

10.16. Public Records.

Association shall, pursuant to and in accordance with Section 119.0701, Florida Statutes, comply with the public records laws of the State of Florida, and specifically shall:

Keep and maintain public records required by the District to perform the services or work set forth in this Agreement; and

Upon the request of the District's custodian of public records, provide the District with a copy of the requested records or allow the records to be inspected or copied within a reasonable time at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes, or as otherwise provided by law; and

Ensure that public records that 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 completion of the Agreement if the Association does not transfer the records to the District; and

Upon completion of the Agreement, transfer, at no cost to the District, all public	records	in	possession	of	the Association or keep and maintain public records required by the District to perform the service or work provided for in this Agreement. If the Association transfers all public records to the District upon completion of the Agreement, the Association shall destroy any duplicate public records that are exempt or confidential and exempt from public disclosure requirements. If the Association keeps and maintains public records upon completion of the Agreement, the Association shall meet all applicable requirements for

retaining public records. All records stored electronically must be provided to the District, upon request from the District's custodian of public records, in a format that is compatible with the information technology systems of the District.

Association acknowledges that any requests to inspect or copy public records relating to this Agreement must be made directly to the District pursuant to Section 119.0701(3), Florida Statutes. If notified by the District of a public records request for records not in the possession of the District but in possession of the Association, the Association shall provide such records to the District or allow the records to be inspected or copied within a reasonable time. Association acknowledges that should Association fail to provide the public records to the District within a reasonable time, Association may be subject to penalties pursuant to Section 119.10, Florida Statutes.

IF THE ASSOCIATION HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE ASSOCIATION'S DUTY TO PROVIDE PUBLIC RECORDS RELATINGTOTIDSAGREEMENT/CONTRACT, THE ASSOCIATION MAY CONTACT THE CUSTODIAN OF PUBLIC RECORDS FOR THE DISTRICT AT:
GOVERNMENTAL MANAGEMENT SERVICES-SOUTH FLORIDA, LLC
5385 N. NOB HILL ROAD SUNRISE, FLORIDA 33351
TELEPHONE: (954) 721-8681EMAIL:
RHANS@GMSSF.COM

[THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

IN WITNESS WHEREOF, the parties hereto execute this Agreement and further agree that it shall take effect as of -------
ATTEST:	BOTANIKO COMMUNITY
DEVELOPMENT DISTRICT

By: 	_

Secretary	Chairman/Vice Chairman

STATE OF FLORIDA	}
COUNTY OF BROWARD	}

 		day of  	,2020

The foregoing instrument was acknowledged before me this 		day of 	_
2020, by  	,as Chairman/Vice-Chairman of the Board of Supervisors for BOTANIKO COMMUNITY DEVELOPMENT DISTRICT, who is personally known and/or produced 		as identification who being duly sworn, deposes and says that the aforementioned is true and correct to the best of knowledge of each.

SWORN TO AND SUBSCRIBED  before me this  		day of  	,2020.

STATE OF FLORIDA	}
COUNTY OF BOTANIKO	}

Notary Public
My commission expires:

The foregoing instrument was acknowledged before me this 		day of 	_
2020, by  	,as Secretary/Assistant Secretary of the Board of Supervisors for BOTANIKO COMMUNITY DEVELOPMENT DISTRICT, who is personally known and/or produced 		as identification who being duly sworn, deposes and says that the aforementioned is true and correct to the best of knowledge of each.

SWORN TO AND SUBSCRIBED before me this  		day of  	,2020.

Notary Public
My commission expires:

WI1NESS:	BOTANIKO WESTON COMMUNITY
ASSOCIATION, INC., a Florida not-for­ profit corporation

Print Name: (CORPORATE SEAL)

By: 	_
Name: -----------
Title: 	
Address:

 		day of  	,2020.

STATE OF FLORIDA	}

------

COUNTY OF	}

The foregoing instrument was acknowledged before me this 	day of
 	,2020, by  	 as  		 of the BOTANIKO WESTON COMMUNITY ASSOCIATION, INC., a Florida not-for-profit corporation, who is personally known and/or produced 		as identification who being duly sworn, deposes and says that the aforementioned is true and cori-ect to the best of his or her knowledge.

SWORN  TO AND SUBSCRIBED  before  me this  	

day of -	- -

, 2020.

Notary Public Print Name
Commission Expires: 	_

EXHIBIT "A"
MAP OF DISTRICT AREA

EXHIBIT "B"

Description  of Improvements

The entrance roadways and right-of-way improvements, storm water management system, sanitary sewer system, irrigation and landscaping of perimeter landscape buffers of the District or which the District is responsible for maintaining located solely within Exhibit A.

EXHIBIT "C"

Description of Maintenance Services

Maintenance of the entrance roadways and right-of-way improvements, storm water management system, sanitary sewer system, irrigation and landscaping of perimeter landscape buffers of the District or which the District is responsible for maintaining located solely in Exhibit A.

EXHIBIT "D"

Schedule of Insurance Coverage(s)

Association shall make the District an additional insured under any and all policies of insurance applicable in any way, in whole or in part, to any of the work to be performed or Improvements to be maintained under this Agreement.

McJunkin at Parkland	
Street Name (Full)	Street Name	Street Type	Voters	
Cavern Lane	Cavern	Lane	0	
Liberty Way	Liberty	Way	0	
Juniper Drive	Juniper	Drive	0	
Rowan Terrace	Rowan	Terrace	0	
Knight Street	Knight	Street	0	
Acadia Court	Acadia	Court	0	
Seacoast Drive	Seacoast	Drive	0	
Hillsboro Boulevard	Hillsboro	Boulevard	0	
North Blue Spring Drive	North Blue Spring	Drive	0	
West Blue Spring Drive	West Blue Spring	Drive	0	
Southe Blue Spring Drive	Southe Blue Spring	Drive	0	
Everglades Way N	Everglades	WayN	0	
Everglades Way S	Everglades	Ways	0	
Ironwood Way	Ironwood	Way	0	
Deer Lake Court	Deer Lake	Court	0	

Botaniko	
Street Name (Full)	Street Name	Street Type	Voters	
Natures Way	Natures	Way	2	
Botaniko Drive S	Botaniko	Drive S	12	
Botaniko Drive N	Botaniko	Drive N	3	
Sunrise Court	Sunrise	Court	0	
Sunset Way	Sunset	Way	5	

February 6, 2020

PAYEE	GENERAL FUND	

1	Billing, Cochran, Lyles, Mauro & Ramsey, PA		
Inv# 159780 - General Counsel (Nov 19)	$	2,730.00	
Inv# 160294 - General Counsel (Dec 19)	$	2,340.00	
2	GMS-SF, LLC		
Inv# 4 - Management Fees & Expenses (Jan 20)	$	1,791.67	
Inv# 5 - Management Fees & Expenses (Feb 20)	$	2,310.09	
TOTAL	$	9,171.76	

Please make check payable to:

Botaniko Community Development District
5385 N Nob Hill Road Sunrise, FL 33351

April 3, 2020

PAYEE	GENERAL FUND	

1	Alvarez Engineers		
Inv# 5444 - Engineering Services (Feb 20)	$	559.00	
Billing, Cochran, Lyles, Mauro & Ramsey, PA		
Inv# 160799 - General Counsel (Jan 20)	$	1,080.20	
Inv# 161191 - General Counsel (Feb 20)	$	2,340.00	
3	GMS-SF, LLC		
Inv# 7 - Management Fees & Expenses (Mar 20)	$	1,791.67	
Inv# 8 - Management Fees & Expenses (Mar 20)	$	1,791.67	
TOTAL	$	7,562.54	

Please make check payable to:

Botaniko Community Development District
5385 N Nob Hill Road Sunrise, FL 33351

COMBINED  BALANCE SHEET
March  31, 2020

	Governmental Fund T ues		Totals	
	Debt	Capital	(Memorandum Only)	
	General	Service	Projects	2020	
ASSETS:					
Cash	$4,908			$4,908	
Investments: Series 2020:					
Reserve		$214,669		$214,669	
Interest		$199,813		$199,813	
Revenue		$188		$188	
Acq & Construction			$2,791	$2,791	
Cost of Issuance			$127	$127	
Due from Developer	$S,771			$5,771	
TOTAL ASSETS	$10,679	$414,670	$2,918	$428,267	

LIABILITIES:					
Accounts Payable	$5,771			$5,771	
FUND BALANCES:					
Restricted for Debt Service		$414,670		$414,670	
Restricted for Capital Projects			$2,918	$2,918	
Unassigned	$4,908			$4,908	

TOTAL LIABILITIES & FUND BALANCES	
$10,679	
$414,670	
$2,918	
$428,267	

-1

GENERAL FUND
Statement of Revenues & Expenditures, and Net Change in Fund Balance For the Period Ended March 31, 2020

DESCRIPTION			ADOPTED
BUDGET		PRORATED BUDGET
THRU 03/31/20		ACTUAL
THRU 03/31/20		
VARIANCE	

Revenues										
Developer Contributions			$75,000		$37,500		$36,997		($503)	
	TOTAL REVENUES		 	$75,000 		 	$37,500 		 	$36,997 		 	($503) 	
Expenditures										
Administrative										
Engineering			$5,000		$2,500		$559		$1,941	
Arbitrage			$1,200		$600		$0		$600	
Dissemination Agent			$2,500		$1,250		$0		$1,250	
Attorney			$15,000		$7,500		$12,421		($4,921)	
Annual Audit			$6,000		$3,000		$0		$3,000	
Trustee Fees			$5,000		$2,500		$0		$2,500	
Management Fees			$20,000		$10,000		$10,000		($0)	
Telephone			$0		$0		$4		($4)	
Postage			$1,000		$1,000		$1		$1,000	
Printing & Binding			$2,500		$1,250		$496		$754	
Insurance			$6,000		$4,411		$4,411		$0	
Legal Advertising			$3,500		$1,750		$3,107		($1,357)	
Other Current Charges			$500		$250		$92		$158	
Contingency			$5,125		$5,125		$56		$5,069	
Website Compliance			$1,500		$750		$750		$0	
Supplies			$0		$0		$18			
Dues-Annual Fee DEO			$175		$88		$175		($88)	
TOTAL EXPENDITURES	 	$75,000 		 	$41,974 		 	$32,089 		 	$9,990 	
Excess (deficiency) of revenues								
over (under) expenditures	 	$0		 	($4,474) 		 	$4,908 		 	$9,487 	
FUND BALANCE - Beginning	$0				$0			
FUND BALANCE - Ending	 	$0				$4,908			

Page 2

DEBT SERVICE FUND - SERIES 2020
Statement of Revenues & Expenditures, and Net Change in Fund Balance For the Period Ended March 31, 2020

 	 	 	 	

 DESCRIPTION	

PROPOSED BUDGET

PRORATED BUDGET THRU 03/31/20

ACTUAL
THRU 03/31/20	VARIANCE

Revenues

Interest Income	$500		$250		$188		($62)	
TOTAL REVENUES	$500		$250		$188		($62)	

Expenditures								
Series 2020								
Interest Expense - 11/01	$0		$0		$0		$0	
Interest Expense - 05/01	$59,866		$0		$0		$0	
Principal Expense - 05/01	$0		$0		$0		$0	
TOTAL EXPENDITURES	$59,866		$0		$0		$0	

Excess (deficiency) of revenues over (under) expenditures	

 	($59,366) 		

 	$250 		

 	$188 		

 	($62) 	
Other Financing Sources/(Uses):								
Bond Proceeds	$414,482		$414,482		$414,482		$0	
Total Other Financing	 			 			 			 		
Sources/(Uses):	 	$414,482 		 	$414,482 		 	$414,482 		 	$0 	
Net change in Fund Balance	$355,116		$414,732		$414,670		($62)	

FUND BALANCE - Beginning	
$0				
$0			
FUND BALANCE - Ending	$355,116				$414,670			

 	 	 	 	

DESCRIPTION

ADOPTED BUDGET

PRORATED BUDGET THRU 03/31/20

ACTUAL
THRU 03/31/20	VARIANCE

Revenues

Interest Income	$0	$0	$2,786	$2,786

TOTAL REVENUES	 	$0 		 	$0 		$2,786		$2,786	

Expenditures									
Improvements		$0		$0		$6,877,559		($6,877,559)	
Cost of Issuance		$0		$0		$347,827		($347,827)	
	TOTAL EXPENDITURES	 	$0 		 	$0 		$7,225,386		($7,225,386)	

Excess (deficiency) of revenues over (under) expenditures	
 	$0		
 	$0		

 	($7,222,600} 		

 	($7,222,600) 	
Other Financing Sources/(Uses):								
Bond Proceeds	$0		$0		$7,225,518		$7,225,518	
Total Other Financing								
Sources/(Uses):	 	$0 		 	$0 		 	$7,225,518 		$7,225,518	

Net change in Fund Balance	
 	$0		
 	$0		
$2,918		
$2,918	

FUND BALANCE - Beginning	
$0				
$0			
FUND BALANCE - Ending	$0				$2,918			

BOTANIKO
COMMUNITY DEVELOPMENT DISTRICT

Bond Issue:		Series 2020 Special Assessment Bonds	
Original Issue Amount:		$7,640,000	
Term 1:		$800,000.00	
Interest Rate: Maturity Date:		2.88%
May 1, 2025	
Term 2:		$1,130,000.00	
Interest Rate: Maturity Date:		3.25%
May 1, 2031	
Term 3:		$2,195,000.00	
Interest Rate: Maturity Date:		3.63%
May 1, 2040	
Term 24:		$3,515,000.00	
Interest Rate: Maturity Date:		4.00%
May 1, 1950	
Reserve Fund Requirement:		$214,668.76 50% of MADS	
Bonds outstanding	1/30/20	$7,640,000	
Less:		$0	
		$0	
Current Bonds Outstanding:		$7,640,000