Reunion West Community Development District

Agenda February 21, 2019

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

February 14, 2019

Board of Supervisors Reunion West Community Development District

Dear Board Members:

The special meeting of the Board of Supervisors of the Reunion West Community Development District will be held Thursday, February 21, 2019 at 12:30 p.rn. at the Heritage Crossing Community Center, 7715 Heritage Crossing Way, Reunion, FL. Following is the advance agenda for the meeting:

Roll Call
Public Comment Period
Approval of the Minutes of the January 10, 2019 and January 24, 2019 Meetings
Consideration of Acceptance of G-17 Letter
Public Hearing
Consideration of Second Supplemental Engineer's Report
Consideration of Master Assessment Methodology Report for Assessment Area Five
Public Comment & Testimony
Consideration of Resolution 2019-07 Levying Assessments for Assessment Area Five
Consideration of Website Compliance Proposal from VGlobalTech
Staff Reports
Attorney
Engineer
District Manager's Report
Action Items List
Approval of Check Register
Balance Sheet and Income Statement
Status of Direct Bill Assessments
Other Business
Supervisor's Requests
Next Meeting Date
Adjournment

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

The third order of business is the approval of the minutes of the January 10, 2019 and January 24, 2019 meetings. The minutes are enclosed for your review.
The fourth order of business is the consideration of acceptance of the G-17 Disclosure letter from FMSbonds. A copy of the letter is enclosed for your review.

The fifth order of business opens the Public Hearing. Section A is the consideration of the Second Supplemental Engineer's Report and Section B is the consideration of the Master Assessment Methodology Report for Assessment Area Five. Both reports are enclosed for your review. Section C is the public comment and testimony and Section D is the consideration of Resolution 2019-07 levying assessments for Assessment Area Five. A copy of the Resolution is enclosed for your review.
The sixth order of business is the consideration of proposal from VGlobalTech to provide ADA website compliance services. A copy of the proposal is enclosed for your review.
The seventh order of business is Staff Reports. Section 1 of the District Manager's Report is the presentation and discussion of the action items list. A copy of the list is enclosed for your review. Section 2 includes the check register for approval and Section 3 includes the balance sheet and income statement for review. Section 4 is the discussion of the status of the direct bill assessment collections. A table with the direct bill information is enclosed for your review.
The balance of the agenda will be discussed at the meeting. In the meantime, if you have any questions, please contact me.

r-\ �'--

Sincerely,

George S. Flint District Manager
Cc:	Jan Carpenter, District Counsel Steve Boyd, District Engineer
Enclosures

MINUTES

MINUTES OF MEETING REUNION WEST
COMMUNITY DEVELOPMENT DISTRlCT

The regular meeting of the Board of Supervisors of the Reunion West Community Development District was held Thursday, January 10, 2019 at 12:30 p.m. at the Heritage Crossing Community Center, 7715 Heritage Crossing Way, Reunion, Florida.
Present and constituting a quorum were:

John Chiste Mark Greenstein Carlton Grant David Burman Deborah Musser
Also present were:
George Flint Andrew d'Adesky Steve Boyd
Alan Scheerer Rob Stultz

FIRST ORDER OF BUSINESS

Chairman by phone Vice Chairman Assistant Secretary Assistant Secretary Assistant Secretary

District Manager District Counsel District Engineer Operations Manager Yellowstone Landscape

Roll Call

Mr. Flint called the meeting to order and called the roll.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Harding: On behalf of some owners who own a significant number of properties in Reunion they want to make a presentation on the 14th to talk to us about environmental enhancements for both Reunion West and Reunion East. They have a 15-minute presentation and I had conversations with George, and he recommended they make a presentation at our East meeting on the 14th and if anybody from the West wants to stick around to listen, they can do so.
THIRD ORDER OF BUSINESS	Approval of the Minutes of the December 13,
2018 Meeting

On MOTION by Mr. Burman seconded by Mr. Greenstein with all in favor the minutes of the December 13, 2018 meeting were approved, as presented.

January 10, 2019	Reunion West CDD

FOURTH ORDER OF BUSINESS	Financing Matters
Consideration of Second Supplemental Engineer's Report
Mr. Boyd: This is a cost report that addresses what will be Assessment Area 5 and it includes infrastructure construction cost of three development areas going from south to north it would be the area known as Phase 3, Parcel 6B, which is a single-family development on the southwest comer of Traditions and Grand Traverse and Phase 3, Parcel 2 is going to be a townhome development on the parcel between Traditions and the driving range. The third one is a portion of the existing K-Hill Parcel, which has been referred to as Reunion West Phase 3, west of C.R. 455 south of Sinclair Road on the south end of that project and is where the expansion parcel is and includes the expansion parcel and an existing stormwater tract currently owned by the CDD and the report details that the developer will be engaging in a land swap that I think Andrew is going to speak to. This report addresses the costs and details where these projects are located and provides information on the site plan that will serve as the basis of the costs for future bond issuance and assessment methodology for those parcels.
You have a copy of the report that I updated today. The only thing that is different from what was handed out versus what was distributed previously is in section 2 under the description of the development areas, I added an asterisk and a note for the one CDD parcel that says, this parcel is currently owned by the District and is in the process of being acquired by the developer through a land swap. That would have to happen before assessments are assigned to property. There is an accompanying map that I distributed it is not part of the report but gives you more background on what those areas are for the land swap that would occur.
Mr. d' Adesky: Generally, the type of improvements included in this assessment area are consistent with what we have done in the past, we are doing stormwater, roadways, landscape, hardscape, irrigation, onsite parks and a gatehouse.
Mr. Greenstein: Is there anything substantially different in the presentation and the Engineer's Cost Report from previous reports?
Mr. Boyd: No, it just describes new development areas that were included in prior reports, but this is the update specific to these areas.
Mr. Greenstein: I thought I read something in there that something has changed in the methodology. Ifnothing was changed in the methodology that is fine.
Mr. Flint: We started this process before we realized a portion of the area to be assessed was not actually within the boundaries of the District.

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January 10, 2019	Reunion West CDD

Mr. d'Adesky: That is how the expansion happened in the first place. Mr. Greenstein: Maybe that was the reference.
Mr. Boyd: There is an annexation area but there is also a question that I put in the first draft; the apartments being built on Phase 3, Parcels 1 and 10, I don't know if that density of what is being built and requires that assessment methodology to be revisited due to the density.
Mr. Greenstein: That is right, it was a density issue.

Consideration of Master Assessment Methodology Report
Mr. Flint: The Engineer's Report and the methodology are both exhibits to one of the resolutions and will be approved as part of that. The assessment methodology for Assessment Area 5, I handed out the latest version and the only change is related to the stormwater tract that we are going to talk more about when you discuss Resolution 2019-05 but there is a stormwater tract that was previously platted in the District's name that is going to be relocated because the development plan is changing. The area where the stormwater tract is, is now going to be homes and it will be part of the assessment area. As part of that we had to revise the methodology.
You will see on page 10 Table 1 a total of 174 planned single-family and 54 planned townhomes that equates to 215 ERUs. Table 2 is the infrastructure cost estimates that are taken from the Engineer's Report that he just reviewed and those improvements total $8.2 million. Table 3 is a bond sizing for purposes of going through the assessment process and we try to be very conservative on these parameters so that the Board has maximum flexibility when you go to price in case there are changes in the market. That includes the construction funds, which is based offthe Engineer's cost estimates, one year of max annual debt service, capitalized interest at 24 months, underwriters discount of $220,000 cost of issuance and we rounded the contingency up to a par amount of $11 million. When we do the mailed notice it will be based on a par amount of $11 million. When the Underwriter actually goes out and prices it, you are going to be adopting a delegation award resolution that sets parameters so when they price it, it will be lower than $11 million but by doing the assessment based on this higher number it gives the Board more flexibility. For purposes of this sizing we are using 6% and we anticipate it will come in lower than that. Table 4 shows the allocation of the improvement costs by product type and by unit. Table 5 shows the allocation of the par debt by product type. Table 6 shows what the gross annual debt service assessments would be based on the assumptions in the bond sizing and if we were to issue the full $11 million. The idea when we go to price is that we are going to match the current assessment models that are in place in the other assessment areas. Although

3

January 10, 2019	Reunion West CDD

these numbers are high this is for purposes of going through the master assessment process. Table 7 is the preliminary assessment roll and there is one parcel that is indicated as being owned by the CDD and that is the stormwater tract assuming the Board approves the exchange there will be homes on that stormwater tract but we are going to receive other storm water tracts based on the new development plan in exchange so there would be an equal but greater value than this one. For purposes of today and getting the assessment process started, although the CDD can't be assessed we are showing that tract as being assessed and the thought would be that prior to the assessment hearing that exchange would take place and the developer would own that tract.

Consideration of Resolution 2019-03 Declaring Special Assessments
Mr. d'Adesky: Resolution 2019-03 is a declaration resolution related to Assessment Area 5 consisting of the subdivisions Phase 4 and 17th and 18th fairways Phase 2 and Phase 3 as described by the Engineer's Report and the methodology. Specifically, it adopts the Engineer's Report so we don't need to separately approve that, it adopts the assessment report as presented so we don't need to do that separately. It allocates the benefit, it provides the overall costs of the project as described in the Engineer's Report that is the public infrastructure and improvements that are going to be built as the $8.2 million plus all the other costs, the financing cost, the capitalized interest, debt service reserve and other costs come up to $11 million and it provides for adoption of a preliminary roll as seen in the methodology and it allows for the setting of the public hearing and giving notice on that public hearing.

On MOTION by Mr. Chiste seconded by Mr. Greenstein with all in favor Resolution 2019-03 Declaring Special Assessments was approved.
Consideration of Resolution 2019-04 Setting a Public Hearing for Assessments
Mr. d'Adesky: The next one is Resolution 2019-04 setting a public hearing and we were contemplating close to 6 weeks out.
Mr. Flint: Because there was a 30-day notice requirement we can't meet on a regular meeting date because it doesn't give us enough time. I recommend that we push it out at least a week, which would be the 2151 if the Board is available at 12:30 p.m. and we will likely cancel the meeting on the 14th or reschedule any business that was slated for the 14th to the 21st rather than having two meetings in February.
Mr. Chiste: Can you reschedule Reunion East for the 21st also?

4

January 10, 2019	Reunion West CDD

Mr. Flint: Yes, we can reschedule that.

On MOTION by Mr. Greenstein seconded by Mr. Chiste with all in favor Resolution 2019-04 Setting the Public Hearing for February 21, 2019 at 12:30 p.m. at Heritage Crossing Community Center, 7715 Heritage Crossing Way, Reunion, Florida was approved.
FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2019-05
Authorizing Staff to Work on the Exchange of Certain Parcels of Real Property
Mr. d' Adesky: This was discovered two days ago, and Resolution 2019-05 authorizes
staff to work on exchange of certain parcels of real property, setting the terms of said exchange, delegating the Chair and Vice Chair to approve and execute any agreements and closing documents pertaining to such exchange. As was explained part of the assessment area was contemplated to include this new expansion tract and over the course of development the stormwater plan for this changed from one giant pond to several smaller ponds that will service the same area. It is function for function, we are exchanging what was going to be the stormwater tract for what will be the actual stormwater parcels serving that tract, which need to be approximately equivalent or greater benefit and value to the District. That is a requirement of the transfer and they would be swapped with Reunion West II, LLC that is the developer of this particular parcel. The Engineer will need to provide a certification of benefits that certifies that the benefit is approximately equivalent, the District will be benefitting from that or receiving greater value. The developer would be responsible for providing all title, legal, other due diligence we might require regarding that parcel and that swap. The burden is on them to provide that and if it turns out that we need more property because right now we don't have an exact acreage on that then they will have to find other property to give us to swap those particular parcels.
It authorizes staff to proceed, it sets the terms of the exchange and it delegates authority to the Chairman and Vice Chairman to execute it once it is finalized and wrapped up. Based on the timing we won't have another meeting before we need to have this swapped out; therefore, the delegation is important to have.

On MOTION by Mr. Chiste seconded by Mr. Burman with all in favor Resolution 2019-05, Authorizing Staff to Work on the Exchange of Certain Parcels of Real Property, was approved.

5

January 10, 2019

FIFTH ORDER OF BUSINESS
Attorney

Staff Reports

Reunion West CDD

There being none, the next item followed.

Engineer
There being none, the next item followed.

Manager
Mr. Flint: I received an email from the developer of the Spectrum multi-family project, which wraps around the water park. I believe Encore is involved in the development of that. Rick Feather emailed me about requesting to install four directional signs and the Board went through a fairly extensive process trying to get a handle on the existing signs that were in place and set sign standards and locations and tried to combine direction signage rather than having a bunch of individual signs. The picture of what they are proposing to do doesn't match our sign standards and I provided the sign standard we came up with to Mr. Feather. At a minimum we would expect them to be the same design, same color scheme, same fonts and within the yellow portion of the sign is where they could put their information on the Spectrum project, but the question is where and how many would be acceptable to the Board. We don't have any other individual signage out there for the Bears Den or any of those on CDD property.
Mr. Greenstein: Right now it looks like only one sign on the west side. The other signs are
on the east side.
Mr. Flint: This is an issue for both Boards, they are asking for one sign and technically the West did not adopt sign standards so even though these are the standards that the East Board went through, the West Board didn' t adopt these standards. The question at this point is the one sign they are requesting in Reunion West do you want those signs to comply with the standards that East had developed.
Mr. Chiste: Yes.
Mr. Flint: I suggest that one of the Board Members be delegated to work with the developer on the location and final sign-off that way we are not holding it up longer than it needs to be.
Mr. Greenstein: We can take action during the East meeting to do that.
Mr. Flint: If there is no objection from the Board to have Mr. Greenstein being the liaison on this issue then we will proceed that way.

6

January 10, 2019	Reunion West CDD

Mr. Chiste: I'm fine with that.

Action Items List
Mr. Scheerer: I talked to Mark before the meeting. UCC Group sent an email on Monday saying that they are getting really close to finalizing all the design and working with the county to get the permits issued. Once they get that they feel the project should move along relatively quickly. They are still planning to prefab the actual monuments themselves and just drop them in place once the footers have been poured. We are still in process and will continue to update the Board.
Approval of Check Register
Mr. Flint presented the December check register in the amount of $1,570,659.40.
On MOTION by Mr. Greenstein seconded by Mr. Burrrian with all in favor the check register was approved.
Balance Sheet and Income Statement
A copy of the balance sheet and income statement were included in the agenda package.
No Board action is required.

Status of Direct Bill Assessments
A copy ofthe status of direct bill assessments was included in the agenda package.

SIXTH ORDER OF BUSINESS	Other Business
Mr. Greenstein: Should we take any action now on the West Board to adopt the signage policy that was authorized and in place on the East side? Can it be a simple matter?
Mr. Flint: That is up to the Board. We have the template I provided you, which basically is the general sign design that was approved.
Mr. d'Adesky: We can bring back a formal resolution to the next meeting to adopt it. Mr. Greenstein: I want to formalize something informally.
Mr. Chiste: I'm fine with that.

Mr. Greenstein moved to adopt a signage policy consistent with the policy adopted by the Reunion East Board and Mr. Chiste seconded the motion.

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January 10, 2019	Reunion West CDD

Mr. Flint: Since it wasn't on the agenda is there any public comment on the sign policy? There being none,
On voice vote with all in favor the motion passed.

Mr. Flint: The only other thing I -want to mention is there is a desire in regard to the financing to move forward as quickly as possible so part of that is the Board approving what is called a delegated award resolution, which sets the parameters under which the underwriter can go out and market and price the bonds and then authorizes the Chair or Vice Chair to execute the bond purchase agreement and whatever other documents are necessary to do that. You won't be able to do a lot before the assessment hearing but if the delegated award resolution is approved it allows certain things to move forward so that it may be possible to pre-close on the same day you have the assessment hearing.
Mr. Chiste: I personally, would like that just for the fact that interest rates are very volatile these days.
Mr. Flint: To accomplish that what I would ask is the Board consider continuing today's meeting for two weeks and the main purpose of that would be to take action on the delegated award resolution. It wasn't ready for today, there is certain backup that has to be prepared and some due diligence work that is not complete. If the Board is amenable by continuing today's meeting it will save us a little bit oftime on the financing.
SEVENTH ORDER OF BUSINESS	Supervisors Requests
There being none, the next item followed.

EIGHTH ORDER OF BUSINESS	Next Meeting Date

On MOTION by Mr. Greenstein seconded by Mr. Burman with all in favor the meeting was continued to January 24, 2019 at 12:30
p.m. at the same location.

Secretary/Assistant Secretary	Chairman/Vice Chairman

8

MINUTES OF MEETING REUNION WEST
COMMUNITY DEVELOPMENT DISTRICT

The January 10, 20 19 meeting of the Board of Supervisors of the Reunion West Community Development District was continued and reconvened Thursday, January 24, 2019 at 12:30 p.m. at the Heritage Crossing Community Center, 7715 Heritage Crossing Way, Reunion, Florida.
Present and constituting a quorum were:

John Chiste Mark Greenstein Carlton Grant David Burman
Also present were:
George Flint Andrew d'Adesky Bob Gang

FIRST ORDER OF BUSINESS

Chairman
Vice Chairman Assistant Secretary Assistant Secretary

District Manager District Counsel
Greenberg Traurig by phone

Roll Call

Mr. Flint called the continued meeting to order and called the roll.

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

TIDRD ORDER OF BUSINESS	Consideration	of	Resolution	2019-06
Delegated Bond Resolution
Mr. Flint: Resolution 201 9-06 is the delegated bond resolution for Assessment Area 5 and this is the reason the Board continued their last meeting to today. Mr. Bob Gang of Greenberg Traurig is representing the District as Bond Counsel. Steve Sanford recently had surgery and Bob is on the phone to present the resolution.
Mr. Gang: This is a delegation resolution for up to $10 million for Assessment Area 5. It has exhibits, a bond purchase contract, preliminary limited offering memorandum, form of continuing disclosure agreement, fifth supplemental indenture and developer agreements, a completion agreement, collateral assignment, acquisition agreement and true-up agreement.

January 24, 2019	Reunion West CDD

These are all exhibits and will be finalized as you move forward. The resolution contains the necessary statutory findings, that a negotiated sale is necessary and there are parameters in this delegation resolution which are in section 3. The maximum principal of $10 million, average interest rate not to exceed 6%, first optional call date can't be later than November 1, 2032, redemption price won't be more than par and the initial purchase price discount payment for the underwriter can't be more than 2 ½% exclusive oforiginal issue discount and any expenses.
Mr. d'Adesky: We reviewed and submitted comments to the preliminary limited offering memorandum. We drafted all the issuer documents so the completion agreement, collateral assignment, acquisition agreement and true-up so we are comfortable with those. The remainder of the documents we may have slight comments to but we are approving the form here so this will not be the final form of these documents, they are subject to future comments by ourselves and the other respective Counsels. We recommend approval.
Mr. Chiste: At the last meeting we also talked about the swap of mitigation lands, is that a part of this?
Mr. d'Adesky: No, this is specifically pertaining to the bonds. We approved that in a resolution to allow the swap so that is fully authorized. You have authority to sign off on that once it is ready to go. I just got the sketch and legal.
Mr. Chiste: Are these bonds going on the swapped property or is that a different parcel?
Mr. d' Adesky: This will go on the swapped parcel as well as the rest of Area 5, which is why we had to get that swap done.

On MOTION by Mr. Greenstein seconded by Mr. Chiste with all in favor Resolution 2019-06 was approved.

FOURTH ORDER OF BUSINESS
Attorney

Staff Reports

There being none, the next item followed.

Engineer
There being none, the next item followed.

Manager
There being none, the next item followed.

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January 24, 2019	Reunion West CDD

FIFTH ORDER OF BUSINESS	Other Business
There being none, the next item followed.

SIXTH ORDER OF BUSINESS	Supervisors Requests
Mr. Greenstein: Based on our previous discussions about landscaping around the parcels, whoever does the Bears Den is great. Issues continue to be raised concerning the trees and the curbing adjacent to the Bears Den parcel. I personally wouldn't recommend putting it in because when trees grow it is redundant. Whether we intended to do that or not the area adjacent to the townhouse project further up the line, I think the developer can do something really nice in conjunction with developing that project. We had to recreate stormwater areas so I know it wasn't something you thought about in the past but focus on that and we will be fine.

SEVENTH ORDER OF BUSINESS	Next Meeting Date
Mr. Flint: The next meeting date is February 21, 2019 at 12:30 p.m. As you will recall the regular meeting for February will be canceled and you will meet on the 2l 51 and have the assessment hearing for this bond issue on that agenda.

On MOTION by Mr. Greenstein seconded by Mr. Chiste with all in favor the meeting adjourned at 1 2:38 p.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

3

SECTION IV

fffl!llbonds

Municipal Bond Specialists

January 14, 2019 

Reunion West Community Development District c/o GMS - Central Florida, LLC
135 W. Central Boulevard, Suite # 320 Orlando, Florida 32801
Attention: Mr. George Flint

Re:	Reunion West CDD, Series 2019 Bonds Dear Mr. Flint:
We are writing to provide you, as Reunion West Community Development District the "Issuer"), with certain disclosures relating to the captioned bond issue (the "Bonds"), as required by the Municipal Securities Rulemaking Board (MSRB) Rule G-17 as set forth in MSRB Notice 2012-25 (May 7, 201 2) 1 (the "Notice").

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

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

Pursuant to the Notice, we are required by the MSRB to advise you that:
MSRB Rule G-17 requires an underwriter to deal fairly at all times with both municipal issuers and investors.

The underwriter's primary role is to purchase the Bonds with a view to distribution in an arm's-length commercial transaction with the Issuer. As such, the underwriter has financial and other interests that differ from those ofthe Issuer.

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

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

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

As underwriter, we will review the disclosure document for the Bonds in accordance with, and as part of, our responsibilities to investors under the federal securities laws, as
applied to the facts and circumstances of this transaction.2
The underwriter will be compensated by a fee and/or an fee that will be set forth in the bond purchase agreement to be negotiated and entered into in connection with the issuance ofthe Bonds. Payment or receipt of the underwriting fee or discount will be contingent on the closing ofthe transaction and the amount of the fee or discount may be based, in whole or in part, on a percentage of the principal amount ofthe Bonds. While this form ofcompensation is customary in the municipal securities market, it presents a conflict of interest since an underwriter inay have an incentive to recommend a transaction that is unnecessary or to recommend that the size of a transaction be larger than is necessary.

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

Further, our participation in any transaction (contemplated herein or otherwise) remains subject to, among other things, the execution of a bond purchase agreement (or other appropriate form of agreement), further internal review and approvals, satisfactory completion of our due diligence investigation and market conditions.

FMS is acting independently in seeking to act as an underwriter in the transactions contemplated herein and shall not be deemed for any purpose to be acting as an agent, joint venturer or partner of any other principal involved in the proposed financing. FMS assumes no responsibility, express or implied, for any actions or omissions of, or the performance ofservices by, the other underwriters in connection with the transactions contemplated herein or otherwise.

If you or any other Issuer representatives have any questions or concerns about these disclosures, please make those questions or concerns known immediately to the undersigned. In addition, Issuer should consult with its own financial, municipal, legal, accounting, tax and other advisors, as applicable, to the extent it deems appropriate.

2  Under federal securities law, an issuer of securities has. the primary responsibility for disclosure to investors. The review of the. official statement by the underwriters is solely ·for purposes of satisfying the underwriters• obligations under the federal securities laws and such review should not be construed by an issuer as a guarantee ofthe accuracy or completeness of the information in the official statement.

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

���
FMSbonds, Inc.
Acknowledgement:
Reunion West Community Development District By: 	

SECTION V

SECTION A

Second Supplemental Engineer's Cost Report
for

Reunion West Commun ity Development District Osceola Cou nty, Florida
Dated : Janua ry 10, 2019

1

This Second Supplement supplements the Engineer s Cost Report originally dated February 27, 2002 and last revised on June 13, 2017.

Prepared by:
Boyd Civil Engineering, Inc. Reunion West COD Engineer 6824 Hanging Moss Rd.
Orlando, FL 32807

INTRODUCTION
Second Supplemental Engineer's Report
The Reunion West Community Development District ("Reunion West CDD") Engineer's Cost Report dated February 27, 2002 was adopted by the Reunion West CDD andhas been revised multiple times to accommodate development and financing updates for the public infrastructure project components of the Reunion West CDD, as follows: February 27, 2002, March 15, 2002, June 5, 2003, June 23, 2003, August 1 2, 2004, April 9, 2009, November 14, 2013, December 12,
2013, October 29, 2014,February 11 , 2016, and the First Supplemental Engineer's Cost Report Dated June 8, 2017. (collectively, and as modified, the "Engineer's Report"). Prior Reports describe public infrastructure and costs associated with Assessment Areas One, Two, Three and Four. Infrastructure Construction and platting of Assessment Areas One, Two, Three and Four have been completed. Refer to prior Engineers Reports for additional information regarding these previously completed assessment areas.

This Second Supplemental Engineer's Report describes public infrastructure and costs associated with the Assessment Area Five Project

ASSESSMENT AREA FIVE:
Based on the current development plans of the Developer, the Reunion West CDD fmds it necessary to construct and finance a portion of the public infrastructure necessary for the development within the lands covered by area collectively referred to as Assessment Area Five:

Reunion West Phase 4 - 50 Acres ofundeveloped land planned for 153 single family lots. This area is not yet platted.

Reunion West 1 7th & 18th Fairways Phase 2 (Bears Den Club 17-Hole) - 6.6 acres of undeveloped land within the Bears Den project. Platted for 21 single familylots. Recorded in Plat Book 27 Page 13, Osceola County, Florida.

Reunion West 1 7th & 1 8th Fairways Phase 3 (Bears Den Club - Driving Range) - 9.9 acres ofun developed land within the Bears Den Project. Planned for 54 Townhome lots. This are is not yet platted.

For a complete description of the Assessment Five Development areas, refer to Section 11 and Table 2.

Assessment Area Five is undergoing a density change; for ease ofreference, the land use summary for all property within the Reunion West COD from the Engineer's Report is reproduced, as amended, in Table 1. 

The reader ofthis Second Supplement Report is advised to review the complete Engineer's Report of a full history of the Reunion West CDD's infrastructure projects and modifications thereto, as well as related historical information concerning the fmancing of these infrastructure projects.

The Reunion West CDD will adopt a revised methodology report to reflect the changes in the development plan, densities and assessments for the affected properties.

Description of Reunion West COD and its Land Uses

The Reunion West COD consists ofapproximately 930 acres with 41 additional acres being added though a pending petition to expand. The landuse summary within the Reunion West COD boundaries is reproduced, as amended, from the Engineer's Report in Table 1 below. The platted (or to be platted) areas of Assessment Area Five are included.
TABLE 1
LAND USE SUMMARY WITHIN THE REUNION WEST CDD BOUNDARIES
Updated Based on Proposed Revisions to the Approved Development Program Updated January 22, 2016, ,revised June 8, 2017 and December 31, 2018
Parcel	Assessment	Land Use	Units Area*
Phase 3 Parcel 3	1	Resort S.F.	175 D.U.
Phase 3 Parcel 4	1	Golf Maintenance / B.O.H.	20,000 GSF.
Phase 3 Parcel 5	1	Resort S.F.	127 D.U.
Phase 3 Parcel 7	1	Resort S.F.	72 D.U.
Phase 3 Parcel 8	1	Resort S.F.	236 D .U.
Phase 3 Parcel 9	1	Resort S.F.	89 D.U.

Acreage

5.3

45.5
29.1
31.3
39.3
29.4

1

Phase 3 Parcels 1 &10 Combined

Resort M.F.	338 D.U.

20.2

Original K-Hill Tract

2, 3 and 4

Assi	ed to

(NIC Portion to be	Resort Single Family	416 SF Detached DU
gn
Assessment Area 5) 
Phase 2 Parcel 12	3 and 4	Resort S.F.	201 SF Detached DU
Phase 3 Parcel 6A	4	Resort S.F.	52 SF. Detached DU
Phase 3 Parcel 2	5	Resort S.F.	54 SF. Attached DU
Phase 3 Parcel 6B	5	Resort S.F.	21 S.F. Detached DU Replatting a Portion of
K-Hill Tract and K-	5	Resort S.F.	153 S.F. Detached Hill Expansion Area

139.68

55.3
15
9.9
6.6
49.92

Golf Course
Upland Preservation Wetland Conservation CDD Stormwater Ponds
CDD Collector Road Right- of-Way
Other Areas
TOTALS	Acreaee
Resort SF Detached / SF Attached
Resort MF

158.8
42.76
184.16
50
32.9
32. 13
971.65
1507
338

ASSESSMENT AREA FIVE PROJECT
The Reunion West CDD's master infrastructure has been and will continue to be constructed in phases as the remaining undeveloped land in the Reunion West CDD is developed. The categories ofmaster infrastructure presented in the Engineer' s Report have not changed. This Supplemental Report provides specific cost and related information to describe the Assessment Area Five Project. Budget estimates for the costs of on-site parcel infrastructure for Assessment Area Five parcels are shown below in Table 2.

Description of Assessment Area Five Development Areas:

Re-platting Portion of K-Hill Tract and CDD Expansion Area - - Now Known as "Reunion West Phase 4" - 50 Acres of undeveloped land planned for 153 single family lots. This includes 8.92 acres of acres ofthe Existing K-Hill Tract, currently designated as a CDD owned stormwater pond (Parcel ID 2225274924000100P0)* and 41 acres ofarea currently included in a Petition to Expand of the Reunion West COD (Parcel ID 2725273 160000A0030. This project area is not yet platted. When platted, this development area will include 153 single family lots.

*NOTE: This Parcel is currently owned by the District and is in the process ofbeing acquired by the Developer through a land swap.11

PHASE 3 PARCEL 6B - Now Known as "Reunion West J 7'h & 18th Fairways Phase 2 (Bears Den Club 1 7-Hole)"- 6.6 acres un undeveloped land within the Bears Den project. Platted for 21 single family lots . Recorded in Plat Book 27 Page 13, Osceola County, Florida.

PHASE 3 PARCEL 2 - Now Known as "Reunion West J 7'h & 18th Fairways Phase 3 (Bears Den Club - Driving Range) " - 9.9 acres of undeveloped land within the Bears Den Project. Planned for 54 Townhome lots. This project area is not yet platted. Existing Parcel IDs: 27252749270001WClO and
27252749270001 SF20.
The Assessment Area Five Project described in this Supplemental Report is intended to provide special benefit to the assessable real property within the boundaries ofAssessment Area Five within the District in accordance with Florida law. The District may construct, acquire, own and operate all or any portion of the proposed Assessment Area Five Project improvements as allowed under Florida law. The District may dedicate certain public improvements to other governmental entities as required or permitted by law or approvals for the development. The Developer intends to construct the Assessment Area Five Project in phases and to convey them as completed to the District in exchange for payment in the lesser amount of actual cost or reasonable cost as set forth in the Agreement by and between the District and the Developer Regarding an Acquisition of Certain Work Product and Infrastructure (the "Acquisition Agreement") to be entered into in conjunction with closing on the Series 2019 Bonds. The District will pay for only those portions of the Assessment Area Five Project for which proceeds from the Series 2019 Bonds are available. The Developer is obligated to complete at its own cost the Assessment Area Five Project under a Completion Agreement between the District and

the Developer Regarding the Completion and Conveyance of Certain Improvements (the "Completion Agreement") to be entered into in conjunction with closing on the Series 2019 Bonds.

TABLE 2
SUMMARY OF ASSESSMENT AREA FIVE INFRASTRUCTURE CATEGORIES AND PROJECTED COSTS

Cost Category	17th and 18th Fairways - Phase 2(As Recorded ,	17th and 18th Fairways Phase 3(AKA Phase 3
Parcel 2, Includes Existing Parcels	
Reunion West Phase 4 (K-Hill Expansion Area and Existing COD Tract 22252749240001 OOPO)	

Totals	
	Plat Book 27,
Page 13)

21 Single Family	27252749270001WC1 0
& 27252749270001  SF20l
54 Townhome Lots			
			153 Single Family Lots	Total 228 Units	
	Lots				
Mass Grading1 &
Stormwater Facilities 1 for COD Projects	
$ 477,631.00	
$ 1,053,937.00	
$ 1,848,905.00	
$ 3,380,473.00	
Public Roadways 1	
$ 153,023.00	
$ 595,950.00	
$ 989,039.00	
$ 1,738,012.00	
Potable Water, Wastewater & Effluent
Reuse1	
$ 219, 111.00	
$ 309,279.00	
$ 1,381,641.00	
$ 1,910,031.00	
Electrical , Communication
& Lighting2	
$ 35,200.00	
$ 50,000.00	
$ 82,000.00	
$ 167,200.00	
Landscape, Hardscape &
I rrigation 2		
$ 366,048.00	
$ 516,296.00	
	$ 60,000.00	$ 90,248.00			
Parks, Recreation and Entrance Security
Gatehouse4	
$ 15,000.00	
$ 25,000.00	
$ 0.00	
$ 40,000.00	
Professional Design , County, Legal & Bond Fees2	
$ 57,597.90	
$ 127,464.84	
$ 280,057.98	
$ 465,120.72	

TOTALS	
$ 1,017,562.90	
$ 2,251,878.84	
$ 4,947,690.98	
$ 8,217,132.72	

Notes for Tables 2:
Construction budgets for Assessment Area Five obtained from estimates prepared by Dave Schmidt Engineering, submitted to and r.eviewed by Boyd Civil Engineering.
2	District Engineer Estimates.
3		Budgets for mass grading, stormwater facilities, roadways, potable water, wastewater and efficient reuse water were obtained from estimates prepared by Dave Schmidt Engineering, Inc.
4	Gatehouse provides security services; roads are open to the public.

Mass grading will only occur within the public right-of-ways and CDD stormwater ponds; grading of lots, or other private areas, is not included. Permits for construction were and continue to be required prior to the start of master infrastructure construction. The District Engineer hereby certifies that all permits necessary to complete the Assessment Area Five Project have either already been obtained, or will be obtained, following a customary and normal permitting process.

OPERATION AND MAINTENANCE RESPONSIBILITY
The  ownership,  operation  and/or  maintenance  responsibilities	of the proposed infrastructure improvements will be as identified in the Engineer's Report or as identified below:

Stormwater	COD	
Public Roadways	COD	
Potable Water, Wastewater, & Effluent Reuse	TOHO WATER AUTHORITY	
Electrical, Commercial, & Lighting	DUKE ENERGY (ELECTRIC AND LIGHTING)	
Landscape, Hardscape, & Irrigation	CDD	
Parks Recreation and Entrance Security Gatehouse	CDD	

ON-SITE DISTRICT IMPROVEMENTS	RESPONSIBLE ENTITY

SUMMARY AND CONCLUSIONS
The Assessment Area Five Project described in this Supplemental Report is necessary for the development ofAssessment Area Five, and such infrastructure is located within the boundary of the District. The planning and design of the public infrastructure improvements is in accordance with current governmental regulatory requirements. The Assessment Area Five Project will provide the intended functions so long as the construction is in substantial compliance with the design and permits and the facilities are property maintained.

The costs of constructing and/or acquiring the Assessment Area Five Project described in this report are based on current plans or estimated quantities for the Assessment Area Five Project infrastructure as shown on the approved plans, drawings, specifications and development requirements, latest revision. To the best of our professional opinion, knowledge and belief, the costs of the Assessment Area Five Project provided herein are reasonable to complete the construction ofthe Assessment Area Five Project described herein.

All infrastructure costs of the Assessment Area Five Project are public improvements or community facilities as set forth in Section 1 90.0 12(1) and (2) ofthe Florida Statutes.

The benefits to the assessable parcels within Assessment Area Five to be derived from the Assessment Area Five Project will be not less than the costs of such Improvements comprising the Assessment Area Five Project.

The opinion of the probable construction cost is only an estimate and not a guaranteed maximum price. The estimated cost of the Assessment Area Five Project is based on historical unit prices or current prices being experienced for on-going and similar types of work in the region. The labor market, future costs of equipment and materials, and the actual construction process are all beyond our control. Due to this inherent opportunity for fluctuation in cost, the total final cost of the Series 2019 Project may be more or less than this estimate.

Steve Boyd, P.E.
Boyd Civil Engineering, Inc. Reunion West CDD District Engineer
State ofFlorida Registration No. 43225

Dated: January 10, 2019 

Exhibit A
Graphical Depiction of Assessment Area Five
Reunion West Phase 4 - 50 Acres of undeveloped land planned for 1 53 single family lots.

Reunion West 17th & 1 8th Fairways Phase 2 (Bears Den Club 17-Hole) - 6.6 acres of undeveloped land within the Bears Den project. Platted for 21 single family lots. Recorded Osceola County Plat Book 27 Page 13. 

Reunion West 1 7th & 1 8th Fairways Phase 3 (Bears Den Club - Driving Range) -
9.9 acres of un developed land within the Bears Den Project. Planned for 54 Townhome lots.

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REUNION WEST PHASE 4 OSCEOLA-COUNTY, FLORIDA

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Katrina S. Scarborough, CFA, CCF, MCF Osceola County Prop�rty Appraiser
www.property-appra1ser.org
Osceola County Government Center
2505 East lrlo Bronson Memorial Hwy, Kissimmee, FL 34744 Ph: (407) 742-5000 Fax:( 407) 742-4900

Parcel : 27-25-27-31 60-000A-0030
Owner Information

Owner Name [Mailing Address
_ flhysicaJ Address lPescri��!<m
Tax District

REUNION WEST II LLC
1 TOWN CENTER RD STE 600
BOCA_RATON, FL 33486
.K····IS-- SIMM-- -E--E-·-F···L----3-4- 7- -4- -7-----
NO   A.(3  �Q8��(3E::�VAQ.
300 - OSCEOLA COUNTY

Tax Values
Current Values	Certified Values

Current Value represents working appraised values as of 01/02/2019, which are subJect to change prior to certification Land	$1 ,640,000
AG Benefit	$0
Extra Features	$0
Buildings	$0
Appralsed(just)	$1 ,640,000
Assessed(esUmated)	$1 ,488,300
Exemptlon(estlmated)	$0
Taxable(estlmated)	$1 ,488,300
Assessed Values Reflect Adjustments for Agricultural Classlflcatlon and/or the Save Our Homes Cap

Certified Value represents certified values that appeared on the tax roll as of 1 0/01/2018
Land	$1,640,000
AG Benefit	$0
Extra Features	$0
Buildings	$0
Appralsed(just)	$1 ,640,000
Assessed*	$1,353,000
Exemption	$0
Taxable	$1 ,353,000
Assessed Values Reflect Adjustments for Agricultural Classlficatlon and/or the Save Our Homes Cap

Sales Information
Se	ORB-P	Price	Date	Deed T e

0
I 1

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1_Q

1·6
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11 
12 
13 

4556-2039
4544-2585
4328-0444
2568-1 339
2568-1 337
2568-1 335
1783-1 569
1783-1 566
1- -7-8--3·--1-·5- 6--3
1---7-8---3-··---1--5--6·--0-
1----0-----8- 1.-2·-9--9-5--
1-0--3·1·-·--0-3·-2--0-
090_1 �� �:i.
0375-0498

$1 00_   .... _
$3,500,000
�_1_()_0
l!QQ
$1 0,000,000
$100
$600,000
$600,000
$720,000
$i4o8··-0-,-·0·-·0··-0-
$0
$1Q1

2013-1 2-05
20-�13- ---· -1--2- ---0--.5-•-
:2QJ 2·Q��g()
-2- 0- -0- -4-----0-7--26
2- 0--0--4·--0---7· ---2--6-
?Q00-99·1 ?
2QOO�Q�·J.2_ g<JQC)-09,-_11 
_2000-09-06
1 992-03-06
1--99--1- -0- -8--2- ·7-

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1-9----8- 3--0· 8--2-·-2-
1 977-1 1 -10 

SW SW CT
WO
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WO
WO WO WO
g_g
PR
OR
WO

Page 1 - 1/2/2019 3:37:29 PM

Land Information - Total Acreage: 41 .00
Land Descriplion	Units	Depth	Land T   e	Land Value

RURAL ACREAGE

41 .00	0.00

$1 ,640,000

Le al Descri tion
Legal Description

Page 2 - 1/2/201 9 3:37:29 PM

FLA FRUIT & TRUCKLAND CO SUB PG B PG 68 BLK A LOTS 3 THRU 7 LESS COM AT CENTERLINE OF SR 545 BEING COMMON CORNER OF SEC 27, 26, 22 & 23, S 1 200.91 FT, W
1 44.12 FT TO POB; S 101 .14 FT, W 99.95 FT, N 1 00.56 FT, E 99.88 FT TO POB & LESS COM AT CENTERLINE OF SR 545 BEING COMMON CORNER OF SEC 27, 26, 22, 23, S 1302.05 FT, W
236.57 FT TO POB; E 15 FT, S 22.5 FT, W 15 FT, N 22.5 FT, TO POB & LESS R/W LESS THE FOLLOWING LYING WITHIN THE ABOVE LEGAL: COM AT NE COR OF NE 1 /4, W 2,01 3.62 FT TO POB; S 35 DEG E 793.31 FT TO POC, CONG NE, RAD 3,897 FT, CENT ANG 10 DEG, (CH BEARING S 40 DEG E 71 6.75 FT), SELY ALONG CURVE TO LEFT 717.76 FT TO PT OF COMP CURVE, CONG NE, RAD 717 FT, CENT ANG 19 DEG, (CH BEARING S 55 DEG E 243.97 FT), SELY ALONG CURVE TO LEFT 245. 16 FT TO S/L OF BLK A LOT 5, W 780.38 FT TO NON-TAN CURVE, CONC SW, RAO 3,982 FT, CENT ANG 15 DEG, (CH BEARING N 26 DEG W 1 ,078.60 FT), NWLY ALONG CURVE TO LEFT 1 ,081 .93 FT, N 34 DEG W 437.66 FTTO N/L OF SEC, E
379.1 2 FT TO POB & LESS THE FOLLOWING LYING WITHIN BLK A LOT 3: COM AT NE COR OF SEC, W 40 FT, S 448.24 FT, W 33.53 FT, S 3 DEG W 300.35 FT, S 442.75 FT TO POB; CONT S
90.40 FT, S 40 DEG W 57.65 FT, W 161 .62 FT TO NON-TAN CURVE, CONG NW, RAD 717 FT, CENT ANG 4 DEG, (CH BEARING N 63 DEG E 55.31 FT), NELY ALONG CURVE TO LEFT 55.32 FT, E 1 .46 FT, S 22.50 FT, E 15 FT, N 22.50 FT, E 77.45 FT, N 62.65 FT TO NON-TAN CURVE, CONC NW, RAD 717 FT, CENT ANG 5 DEG, (CH BEARING N 49 DEG E 73.40 FT), NELY ALONG CURVE TO LEFT 73.44 FT TO POB

Katrina S. Scarborough, CFA, CCF, MCF Osceola County Prop�rty Appraiser
www.property-appra1ser.org
Osceola County Government Center
2505 East lrlo Bronson Memorial Hwy, Kissimmee, FL 34744 Ph: (407) 742-5000 Fax:( 407) 742-4900

Parcel : 22-25-27-4924-0001 -00P0
Owner Information

Owner Name INiaifing Address

Physical Address [Descripilon
Tax District

REUNION WEST COD
C/0 GOVERNMENTAL MANAGEMENT SERVICES-GEN FL LLC
1 35 W CENTRAL BLVD STE 320 ORLAN DO,_ FL  32801_
FAIRFAX DR, KISSIMMEE FL 34747 RESiDENi"IAL COMMON-ELE--M-  --E-  NTS/AREA vf..-  -c--
300 - OSCEOLA COUNTY

Tax Values
Curren! Values	Certified Values

lt.���-

Current Value represents working appraised values as of 01/0�019, which are subject to_�hange prior to certification

Certified Value represents certified values that appeared on the tax roll as of 1 0/01/201 8

AG Benefit

s;g_
$0

-Land
��-e�i:ief!t

io$2

l �X!�� )::�i_ur.E!S	jo_

Extra Features	$9

Buildii:igs __	lB9

Elulldl!'!gs__	_	$0

LAppi:_a__!��Oui;t)_	Sig
Assessed(estimated)	$2
[ElC�l!lptjc:>�{E!Stirnat�)	$2
Taxable(estimated)	$0
* Assessed Values Reflect Adjustments for Agricultural Classlflcatlon and/or the Save Our Homes Cap

�ppr_�_i�_O_ui;t)	l?

$2

Asses��•
E;i_<��P!ic:>_n	ll,?_
Taxable	$0
* Assessed Values Reflect Adjustments for Agricultural Classification and/or the Save Our Homes Cap

Sales Information
Se	ORB-P	Price	Date	Deed T e

0	4873-2320
1	4873-2253

$10Q
$100

2015-1 1-18	SW
-2-  0-- 1-5·-·-1-- 1----1.  7	SW

Page 1 - 1/2/201 9 3:37:50 PM

Land Information - Total Acreage: 8.92
Land Descri lion	Units	Depth	Land T   e	Land Value

ROADWAY / PEDESTRIAN

Le al Descri tion
Legal Description

Page 2 - 1/2/2019 3:37:50 PM

8.92	0.00	AC	$4,500

REUNION WEST PH 1 WEST & AMENITIES CENTER REPLAT PB 24 PG 75-82 TRACT P STORMWATER RETENTION

REUNION WEST 1 7TH AND 1 8TH FAIRWAYS PHASE 2

REOHI0N '/fl:S1' 17th &- 18th f'AIRN'AYS PHASE 2
_. PMIIUJ. � 01 ftJCT sr-,. BIWllONr,sr IJJIIJYS " JKI"·

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Page2of2

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Katrina S. Scarborough, CFA, CCF, MCF Osceola County Prop�rty Appraiser
www.property-appra1ser.org
Osceola County Government Center
2505 East lrlo Bronson Memorial Hwy, Kissimmee, FL 34744 Ph: (407) 742-5000 Fax:( 407) 742-4900

Parcel : 27-25-27-4927-0001 -WC10 
Owner Information

Owner Name
l Maiffng Address
Physical Address [ Description
Tax District

REUNOIN WEST SPE LLC
ONE TOWN CENTER RD STE 600 BOCA RATON, FL_ 33486
_JA_QK f\l_lCKLAUS CT,_ KISSIMMEE FL 34747
V·· ·-A---C--  A---N--T·-
300 - OSCEOLA COUNTY

Tax Values
Current Values	Certified Values

Current Value represents working appraised values as of 01/02/2019, which are subject to change prior to certification 1 Land	-	-	$ss;i10-0-
A<fi�eneflt	$0
[E�!a f�_tur�E;	�Q
Buildings	$0
:Apprais��o:�E;t)	jse,eoQ
Assessed(estimated)	$58,800
!_f(xemptlc:>11(esti�ilt�)	Io  -
Taxable(estlmated)	$58,800
Assessed Values Reflect Adjustments for Agricultural Classification and/or the Save Our Homes Cap

Certified Value represents certified values that appeared on the tax roll as of 1 0/01/201 8
iand	$58,800
AG Benefit	ifo - -- ·-

-

Extra Features	$0
�-u-ild��gS�=-..· ----	$Ci
�ppr�i���(j!J!lt)	$58,800
Assessed*	��8,800

-

Exemption	�_()
Taxable	$58,800
* Assessed Values Reflect Adjustments for Agricultural Classlficatlon and/or the Save Our Homes Cap

Sales Information
Se	ORB-P	Price	Date	Deed Ty e
0	511 3-1 604	$1 00	201 7-03-03	QC

Page 1 - 1/2/2019 3:36:19 PM

Katrina S. Scarborough, CFA, CCF, MCF Osceola County Property Appraiser
www.property-appraiser.org
Osceola County Government Center
2505 East lrlo Bronson Memorial Hwy, Kissimmee, FL 34744 Ph: (407) 742-5000 Fax:( 407) 742-4900

Parcel: 27-25-27-4927-0001 -SF20

Owner Information

-   -	- - - -

Owner Name
I Mailing Address
Physical Address f "i:>escription
Tax District

REUNOIN WEST SPE LLC
ONE TOWN CENTER RD STE 600 BOCA RATON,_FL 33486
JA�K NICKLAUS CT, KISSIMMEE FL 34747 V-·-A·-· C--A---N---T·-
300 - OSCEOLA COUNTY

Tax Values
Current Values	Certified Values

Current Value represents working appraised values as of
01/02/2019, which are subject to change prior to certification
[��r,_cl	. .	j3;31,2_QQ

Certified Value represents certified values that appeared on the tax roll as of 1 0/01/201 8

11 teatLlf���xt

Land	$$337-,2--0---0-

AG Benefit	$0

AG Benefit	0

i i;xfr_a F�_t1,1_��	iQ
E3-ulldings _  _	$0

�31:200

l�PP!ais�{JU!lt}	$337,200
-�ssessed(estlmat�dl.
l��_emptLon_(�tima��)	$0
Taxable(estlmated)	$337,200
Assessed Values Reflect Adjustments for Agricultural Classification and/or the Save Our Homes Cap

r	$0
l;luildings __	$0

j337,200

_Apprl!liS�c;l0!,1St)	$337:200
Assessed*
1:l<ernp!ion	$Q
Taxable	$337,200
Assessed Values Reflect Adjustments for Agricultural Classification and/or the Save Our Homes Cap

Sales Information
Se	ORB-Pg	Price	Date	Dead T e
0	51 1 3-1 604	$100	201 7-03-03	QC

Page 1 - 1/2/201 9 3:35:51 PM

Land Information - Total Acreage: 8.43
Land Description	Units	De th	Land T   e	Land Value

RURAL ACREAGE

Le al Descri tion
Legal Description

Page 2- 1/2/201 9 3:35:51 PM

8.43	0.00	AC	$337,200

REUNION WEST FAIRWAYS 17 & 18 REPLAT PB 25 PGS 71 -75 TRACT SF-2 FUTURE DEVELOPMENT

Land Information - Total Acreage: 1 .47
Land Descri tion	Units	De th	Land T    e	Land Value

RURAL ACREAGE

Le al Descri tion
Legal Description

Page 2 - 1/2/2019 3:36:19 PM

1 .47	0.00	AC	$58,800

REUNION WEST FAIRWAYS 17 & 18 REPLAT PB 25 PGS 71 -75 TRACT WC-1 FUTURE DEVELOPMENT

SECTION 8

MASTER ASSESSMENT METHODOLOGY FOR ASSESSMENT AREA FIVE

FOR

REUNION WEST COMMUNITY DEVELOPMENT DISTRICT

Date: January 10, 2019

Prepared by

-�

Governmental Management Services - Central Florida, LLC 135 W. Central Blvd, Suite 320
Orlando, FL 328-01-

II

I
I I I

___,

Table qf Contents
1 .0 Introduction	3
1.1 Purpose	3
1 .2 Background	3
1.3 Special Benefits and General Benefits	4
1 .4 Requirements of a Valid Assessment Methodology	5
1 .5 Special Benefits  Exceed the Costs Allocated	5
Assessment Methodology	5
Overview	5
Allocation of Debt	6
Allocation of Benefit	6
Uenability Test:  Special and Peculiar Benefit to the Property	7
Lienability Test: Reasonable and Fair Apportionment of the Duty to Pay
Non-Ad Valorem Assessments	7
3.0 True-Up Mechanism	8
4.0 Assessment Roll	8
5.0 Appendix	10 
Table 1: Development Program	10 
Table 2: Infrastructure Cost Estimates	11 
Table 3: Bond Sizing	12 
Table 4: Allocation of Improvement Costs	13 
Table 5: Allocation of Total  Par Debt to Each Product Type	14 
Table 6: Par Debt and Annual Assessments	15 
Table 7: Preliminary Assessment Roll	16 

Introduction

th

The Reunion West Community Development District is a local unit of special-purpose government organized and existing under Chapter 190, Florida Statutes (the "District"), as amended. The District anticipates the issuance of, not to exceed, $11,000,000 of special assessment bonds ("Series 2019 Bonds"). The Series 2019 Bonds are anticipated to fund certain infrastructure improvements that benefit 17 and 18th Fairways Phase 2, 17th and 18th Phase 3, Reunion West Phase 4 co1lectively referred to as Assessment Area Five. The infrastructure to be financed (the "Assessment Area Five Project") is identified in the Engineer's Cost Report, amended December 31, 2018, for Community wide Capital Improvements prepared by Boyd Civil Engineering, Inc. (the "Engineer's Report").

Purpose
This Master Assessment Methodology For Assessment Area Five (the "Assessment Report") provides for an assessment methodology £01· allocating the debt to be incurred by the District to benefiting properties within Assessment Area Five. This Assessment Report allocates the debt to certain properties based on the special benefits each receives from the Assessment Area Five Project, as delineated in the Engineer's Report. This Assessment Report will be supplemented with one or more supplemental methodology reports to reflect the actual terms and conditions at the time of the issuance of Series 2019 Bonds. This Assessment Report is designed to conform to the requirements of Chapters 190 and 170, Florida Statutes with respect to special assessments and is consistent with our understanding of case law on this subject.

The District intends to impose non ad valorem special assessments on the benefited lands within Assessment Area Five based on this Assessment Report. It is anticipated that all of the proposed special assessments will be collected through the Uniform Method of Collection described in Chapter 197.3632, Florida Statutes, or any other legal means available to the District. It is not the intent of this Assessment Report to address any other assessments, if applicable, that may be levied by the District, a homeowner's association, or any other unit of government.

Background
The District currently includes approximately 930.65 acres in Osceola County, Florida of which Assessment Area Five represents approximately 67.2 acres. The proposed development p]an is depicted in Table 1 (the "Development Plan"), as provided to the District by Reunion West Development Partners LLLP (referred to as "Developer"). The Development Plan envisions approximately 228 residential units. It is recognized that the Development Plan may change, and this Assessment Report wi1l be modified accordingly.

The improvements contemplated by the District in the Assessment Area Five Project include master public facilities that benefit certain properties within Assessment Area Five of the District. Specifically, the District will construct and/or acquire

3

certain infrastructuxe including mass grading (excluding any assessable lands in Assessment Area Five) and stormwater facilities, roadways, potable water and wastewater, electrical undergrounding differential, landscaping, hardscaping and recreation facilities as detailed in the Engineer's Report. The acquisition and construction costs are summarized in Table 2.

The assessment methodology is a four-step process.

The District Engineer must first determine the public infrastructure improvements and services that may be provided by the District and the costs to implement the Assessment Area Five Project.
The District Engineer determines the assessable acres that benefit from the District's Assessment Area Five Project.
A calculation is made to determine the funding amounts necessary to acquire and/or construct the Assessment Area Five Project.
This assessments are initially divided equally among the benefited properties on a prorated gross acreage basis. As land is platted, this amount will be allocated to each of the benefited properties based on the number of platted units and product type.

Special Benefits and General Benefits
The Assessment Area Five Project undertaken by the District creates special and peculiar benefits to assessable property within Assessment Area Five, different in kind and degree than general benefits, for properties within its borders as well as general benefits to the public at large.

However, as discussed within this Assessment Report, these general benefits are incidental in nature and are readily distinguishable from the special and peculiar benefits, which accrue to certain property within the District. The implementation of the Assessment Area Five Project enables Assessment Area Five within the boundaries of Assessment Area Five to be developed. Without the District's Assessment Area Five Project, there would be no infrastructure to support development of land within Assessment Area Five of the District. Without these improvements, development of the property within Assessment Area Five of the District would be prohibited by law.

There is no doubt that the general public and property owners outside Assessment Area Five within the District will benefit from the provision of the District's Assessment Area Five Project. However, these benefits will be incidental to the District's Assessment Area Five Project, which is designed solely to meet the needs of property within Assessment Area Five of the District. Properties outside the District boundaries and outside of Assessment Area Five of the District do not depend upon the District's Assessment Area Five Project. The property owners within the

4

Assessment Area Five are therefore receiving special benefits not received by those outside  the  District's  boundaries  and  outside  the boundaries of Assessment Area Five within the District

Requirements of a Valid Assessment Methodology

There are two requirements under Florida law for a valid special assessment:

The properties must receive a special benefit from the improvements being paid for.
The assessments must be fairly and reasonably allocated to the properties being assessed.

Florida law provides for a wide application of special assessments that meet these two characteristics of special assessments.

Special Benefits Exceed the Costs Allocated

The special benefits provided to the property owners within the Assessment Area Five are greater than the costs associated with providing these benefits. The District Engineer estimates that the Assessment Area Five Project, that is necessary to support full development of property within Assessment Area Five, will cost approximately $8,217,133. The District's Underwriter projects that financing costs required to fund the infrastructure improvements, including the Assessment Area Five Project, the cost of issuance of the Bonds, the funding of debt service reserves and capitalized interest, will be approximately $11,000,000. Without the Assessment Area Five Project, the property within Assessment Area Five would not be able to be developed and occupied by future residents of the development.

Assessment Methodology
Overview
The District may issue up to $11,000,000 in Series 2019 Bonds to fund the District's Assessment Area Five Project, provide for capitalized interest, a debt service reserve account and cost of issuance. It is the purpose of this Assessment Report to allocate the $11,000,000 in debt to the properties benefiting from the Assessment Area Five Project.

Table 1 identifies the land uses as indicated by the Developer of the land within Assessment Area Five. The construction costs needed for completion of the Assessment Area Five Project are outlined in Table 2. The improvements needed to support the Development Plan are described in detail in the Engineer's Report and are estimated to cost $8,217,133. Based on the estimated costs, the size of the bond

5

issue needed to generate funds to pay for the Assessment Area Five Project and related costs was determined by the District's Underwriter to total approximately
$11,000,000. Table 3 shows the breakdown of the bond sizing.

Allocation of Debt

Allocation of debt assessments is a continuous process until the Development Plan is completed. The Assessment Area Five Project funded by the Series 2019 Bonds benefits all developable acres within Assessment Area Five.

The initial debt assessments will be levied on the gross acres within Assessment Area Five and then as platting occurs such debt assessments will be assigned to the platted lots. A fair and reasonable methodology allocates the debt assessments incurred by the District proportionately to the properties receiving the special benefits. At this point all of the lands within the Assessment Area Five are benefiting from the improvements.

Once platting or the  recording of declaration of condominium, ("Assigned Properties") has occurred and lots are developed, the assessments will be assigned to the Assigned Properties based on the benefits they receive. The Unassigned Properties, defined as property that has not been platted, will continue to be assessed on a per acre basis. Eventually the development plan will be completed and the debt relating to the Series 2019 Bonds will be allocated to the planned 228 residential units within the Assessment Area Five The planned 228 residential units are the beneficiaries of the Assessment Area Five Project, as depicted in Table 5 and Table 6. If there are changes to Development Plan, a true up of the assessment will be calculated to determine if a debt reduction or true-up payment from the Developer, or one of its affiliates that own land within Assessment Area Five is required. The process is outlined in Section 3.0

The assignment of debt assessments in this Assessment Report sets forth the process by which debt is apportioned. As mentioned herein, this Assessment Report will be supplemented from time to time.

Allocation of Benefit

The Assessment Area Five Project consists of mass grading (excluding any assessable lands in Assessment Area Five) and stormwater facilities, roadways, potable water and wastewater, electrical undergrounding differential, landscaping and hardscaping, and recreation facilities as detailed in the Engineer's Report, and professional fees along with related incidental costs. There is one product type within the Development Plan. The single family home has been set as the base unit and has been assigned one equivalent residential unit ("ERU"). Table 4 shows the allocation of benefit to the particular land use. It is important to note that the benefit

6

derived from the Assessment Area Five Project on the particular units exceeds the cost that the units will be paying for such benefits.

Lienability Test: Special and Peculiar Benefit to the Property

Construction and/or acquisition by the District of its proposed Assessment Area Five Project will provide several types of systems, facilities and services for its residents. These include mass grading (excluding any assessable lands in Assessment Area Five) and stormwater facilities, roadways, potable water and wastewater, electrical undergrounding differential, landscaping and hardscaping, and parks and recreational facilities, and professional fees along with related incidental costs. The Assessment Area Five Project improvements accrue in differing amounts and are somewhat dependent on the type of land use receiving the special benefits peculiar to those properties, which flow from the logical relationship of the improvements to the properties.

Once these determinations are made, they are reviewed in the light of the special benefits peculiar to the property, which flow to the properties as a result of their logical connection from the improvements in fact actually provided.

For the provision of the Assessment Area Five Project, the special and peculiar benefits are:

the added use of the property,
added enjoyment of the property, and
the probability of increased marketability and value of the property.
These special and peculiar benefits are real and ascertainable, but are not yet capable of being calculated as to value with mathematical certainty. However, each is more valuable than either the cost of, or the actual non-ad valorem special assessment levied for the improvement or the debt as allocated.

Lienability Test: Reasonable and Fair Apportionment of the Duty to Pay Non-Ad Valorem Assessments

A reasonable estimate of the proportion of special and peculiar benefits received from the Assessment Area Five Project described in the Engineer's Report is delineated in Table 5 (expressed as Allocation of Par Debt per Product Type).

The determination has been made that the duty to pay the non-ad valorem special assessments is fairly and reasonably apportioned because the special and peculiar benefits to the property derived from the acquisition and/ or construction of the Assessment Area Five Project have been apportioned to the property according to

7

reasonable estimates of the special and peculiar benefits provided consistent with the product type categories.

Accordingly, no acre or parcel of property within Assessment Area Five will have a lien for the payment of any non-ad valorem special assessment more than the determined special benefit peculiar to that property and therefore, the debt allocation will not be increased more than the debt allocation set forth in this Assessment Report.

In accordance with the benefit allocation suggested for the product types in Table 4, a total debt per unit and an annual assessment per unit have been calculated for the two product types (Table 6). These amounts represent the preliminary anticipated per unit debt allocation assuming all anticipated units are built and sold as planned, and the entire proposed Assessment Area Five Project is developed or acquired and financed by the District.

3.0	True Up Mechanism

Although the District does not process plats, declaration of condominiums, site plans or revisions thereto for the Developer, it does have an important role to play during the course of platting and site planning. Whenever a plat, declaration of condominium or site plan is processed, the District must allocate a portion of its debt to the property according to this Assessment Report outlined herein.  In addition, the District must also prevent any buildup of debt on Unassigned Property. Otherwise, the land could be fully conveyed and/or platted without all of the debt being allocated. To preclude this, at the time Unassigned Properties become Assigned Properties, the District will determine the amount of anticipated assessment revenue that remains on the Unassigned Properties, taking into account the proposed plat, or site plan approval. If the total anticipated assessment revenue to be generated from the Assigned and Unassigned Properties is greater than or equal to the maximum annual debt service then no adjustment is required. In the case that the revenue generated is less then the required amount then a debt reduction or true-up payment by the landowner in the amount necessary to reduce the par amount of the outstanding bonds to a level that will be supported by the new net annual debt service assessments.

Assessment Roll

The District will initially distribute the liens across the platted or unplatted property within Assessment Area Five of the District boundaries, with remaining liens placed on unplatted property on an equal gross acreage basis. As Assigned Property becomes known with certainty, the District will refine its allocation of debt from a per acre basis to a per unit basis as shown in Table 6. If the Development Plan

8

changes, then the District will update Table 6 to reflect the changes. The current assessment roll is depicted in Table 7.

9

TABLE 1
REUNION WEST COMMUNITY DEVELOPMENT DISTRICT DEVELOPMENT PROGRAM
MASTER ASSESS,MENT METHODOLOGY FOR ASSESSMENT AREA FIVE

17th and 18th
Fairways	17th and 18th	Reunion West

Pro(Juct Type	Phase 2	Fairways - Phase 3-

Phase 4

     Total Units	ERUs per Unit (1)	Total ERUs

Single Family	21	0	153	174	1.00	174	
Townhome	0	54	0	54		41	
Total Units*	21		15.,	2.28		215	

Benefit is allocated on an ERU basis; based on density of planned development, with Single Family = 1 ERU
* - Unit mix is su bject to change based on market and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

TABLE 2
REUNION WEST COMMUNITY DEVELOPME NT DISTRICT INFRASTRUCTURE COST ESTI MATES
MASTER ASSESSMENT METHODOlgGY FOR ASSESSMENT AREA FIVE.

17th and 18th  17th and 18th

Assessment Are·a Five Project (1)

Fairways Phase 2

Fairways ­ Phase 3

Reunion West Phase 4

Cost Estimate

Mass Grading and Stormwater Facilities	$477,631	$1,053,937	$1,848,905	$3,380,473	
Roadways	$153,023	$595,950	$989,039	$1,738,012	
Potable Water, Wastewater, and Effluent Reuse	$219,111	$309,279	$1,381,641	$1,910,031	
Electrical Undergrounding Differential	$35,200	$50,000	$82,000	$ 167,200	
Landscape, Hardscape, and Irrigation	$60,000	$90,248	$366,048	$516,296	
Parks, Recreation, and Entrance Gatehouse	$15,000	$25,000	$0	$40,000	
Professional and Inspection Fees, Other Misc. Fees	$57,598	$127,465	$280,058	$465,121	

........

Totals	$   1,017,563   $  2,251,879   $	4,947,691	$	8,2l?,133

(1) Adetailed description of these improvements is provided in the Engineer's Report revised December 31, 2018 prepared by Boyd Civil Engineering, Inc.

Prepared by: Governmental Management Services - Central Florida, LLC

TABLE 3
REUNION WEST COMMUNITY DEVELOPMENT DISTRICT BOND SIZING
MASTE!l ASSESSMENT METHODOLOGY FOR ASSESSMENT AREA FIVE

 Descrip_tion	Total	
Construction Funds	$	8,217,133	
Debt Service Reserve	$	799,138	
Capitalized Interest	$	1,320,000	
Underwriters Discount	$	220,000	
Cost of Issuance	$	250,000	
Contingency	$	193,729	
 Par Amount*	$	11,000,000
Bond Assumptions:

Interest Rate Amortization Capitalized Interest Debt Service Reserve Underwriters Discount

6.00%
30 years
24 months Max Annual D/S
2%

* Par amount is subject to change based on the actual terms at the sale of the bonds

Prepared by: Governmental Management Services - Central Florida, LLC

TABLE 4
REUNION WEST COMMUNITY D EVELOPMENT DISTRICT ALLOCATION OF IMPROVEMENT COSTS
MASTER ASSESSMENT M ETHODOLOGY FOR ASSESSMENT AREA FIVE

% of Total

Total Improvement	Improvement Costs

Product Type	No. of Units *	ERU Factor	Total ERUs	ERUs	Costs Per Product Type	Per Unit

Single Family	174	1.00	174	81.1%	$	6,665,646	$	38,308	
Townhome		0.75	41	18.9%	$	1,551,487	$	28,731	

Totals	228	215
* Unit mix is subject to change based on marketing and other factors

100.00%

$	8,217,133

Prepared by: Governmental Management Services - Central Florida, LLC

....,I>-

TABLE 5
REUNION WEST COMMUNITY DEVELOPMENT DISTRICT ALLOCATION OF TOTAL PAR DEBT TO EACH PRODUCTTYPE
MASTER ASSESSMENTMETHODOLOGY FOR ASSESSMENT AREA FIVE
Pr�uct Type	No. of Units *	ERU Factor	ERU Totals Single Family		174		1.00		174
Townhome	54	0.75	41
Totals	228	215
Unit mix is subject to change based on marketing and other factors
** Balance of Infrastructure N!:!eded for Project to be Funded by Developer

Prepared by: Governmental Management Services - Central Florida, LLC

Improvement
Costs by	Allocation of Par
Product	Debt Per Product
% of ERU	Typ�	_Type	Par J)ebt Per Unit
81.1%	$    6,665,646   $	8,923,077	$51,282
18.9%	$	1,551,487   $	2,076,923	$38,462
100%	$     8,217,133    $	11,Q_Q_0,000

TABlE 6
REUNION WEST COMMUNITY DEVELOPMENT DISTRICT
PAR DEBT AND ANNUAL ASSESSMENTS FOR EACH PRODUCT TYPE MASTER ASSESSMENT METHODOLOGY FOR ASSESSMENT AREA FIVE

Allocation of Par

Net Annual Debt

Gross Annual Debt

Debt Per Product	Total Par Debt Maximum Annual Assessment Product Type	No. of Units *	Type		Per Unit	Debt Service	Per Unit

Assessment Per Uni! (1)

Single Family	174	$	8,923,077	$	51,282	$	648,252	$	3,726	$	3,963	
Townhome	54	$	2,076,923	$	38,462	$	150,886	$	2,794	$	

Totals	228	$	11,000,000	$	799,138
�	{1) This amount includes collection fees and early payment discounts when collected on the Osceola County Tax Bill
* Unit mix is subject to change based on market and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

TABlE 7
REUNIONWESTCOMMUNITY DEVELOPMENT DISTRICT
PRELIMINARY ASSESSMENT ROLL
MASTER ASSESSMENT METI:IODOLOGY fOR ASSESSMENT AREA FIVE

Owner	Proeer!:')' Address	,Parcel 10	ll>t #	ProductTree

Total Par Debt Net Annual Debt Gross Annual Debt Allocation P�r	Assessment	Assessment
Unit	Allocation	Allocatlon (11

REUNION WEST SPE LLC	17th and 18th Fairways - Phase 2   27-25-27-4935-0001--0010	1	Sf           s     51,282   $	3,726  $	3,963 REUNION WEST SPE LLC	17th and 18th Fairways • Phase 2   27·25·27-4935-0001-0020	2	SF	$        51,282   $	3,726   $	3,963 REUNION WESTSPE UC	17th and 18th Fairways • Phase 2    27-25-27-4935-0001-0030	3	SF	$        51,282   $	3,726  S	3,963 REUNION WEST SPE LLC	17th and 18th Fairways • Phase 2    27·25-27-4935-0001-0040	4	SF	$        51,282   $	3,726  $	3,963
REUNION WEST SPE LLC	17th and 18th Fairways • Phase 2	27-25-27-4935-0001-0050	s	SF	$	51,282  $	3,726  $	3,963
REUNION WEST SPE LLC	17th and 18th Fairways • Phase 2  27-25-27-4935--0001-0060		6	SF	$       51,282  $	3,726  $	3,963 REUNIONWESTSPE LLC	17th and 18th fairways - Phase 2     27·25-27·4935-0001-0070		7	SF          $        51,282   $	3,726  $	3,963 REUNIONWEST SPE LLC	17th and 18th Fairways • Phase 2    27-25-27-4935·0001-0080		8          SF	$       51,282  $	3,726  $	3,963 REUNION WEST SPE LLC	17th and 18th Fairways • Phase 2    27-25-27-4935-0001·0090	9           SF            $          51,282   $	3,726  $	3,963 REUNION WEST SPE LLC	l7th and 18th Fairways - Phase 2     27-25-27-4935-0001-0100	10	SF	$       51,282  $	3,726  $	3,963
REUNION WEST SPE LLC	17th and 18th Fairways - Phase 2    27-25-27-4935-0001-0110	11	SF         $        51,282   $	3,726  S	3,963 REUNION WEST SPE LLC	17th and 18th Fairways · Phase 2    27-25-27-4935-0001-0120	12	SF	$       51,282  $	3,726  $	3,963
REUNION WEST SPE LLC	17th and 18th Fairways - Phase 2	27-25-27-4935-0001-0130	SF	$	51,282  $	3,726  S	3,963

s	3,726 $

�	51,282  $	3,726  S	3,963

REUNION WESTSPE LLC	17th and 18th Fairways - Phase 2    27-25-27-4935-0001-0140	14	SF         $        51,282  $	3,726  $	3,963 REUNION WESTSPE LLC	17th and 18th Fairways • Phase 2   27-25-27-4935-0001·0150	15	SF		51,282  $		3,963 REUNION WEST SPE LLC	17th and 18th Fairways - Phase 2     27·25-27-4935-0001·0160	16	SF	$       51,282  $	3,726  $	3,963 REUNION WEST SPE LLC	17th and 18th Fairways • Phase 2    27-25-27-4935·0001-0170	17	Sf	$       51,282  $	3,726  $	3,963
REUNION WEST SPE LLC	17th and 18th Fairways - Phase 2   27•25-27-4935-0001-0180	18	SF	$

REUNION WEST SPE LLC	17th and 18th Fairways - Phase 2	27-25-27-4935-0001-0190	19
REUNION WEST SPE LLC	17th and 18th Fairways - Phase 2	27-25-27-4935-0001-0200	20

SF	$	51,282  $	3,726  $	3,963
SF	$	51,282  $	3,72.6  $	3,963

s  1,076,923	78,237  $	83,231

REUNION WEST SPE UC	17th and 18th Fairways • Phase 2	27-25-27-4935-0001·0210	21	SF	 $	51,282  $	3,726  $	3,963
$
Aaes

REUNIONWEST coo•	Reunion West Phase 4	22·25-27-4924-000l·OOPO	8.92	Sf REUNION WEST SPE LLC	17th and 18th Fairways • Phase 3	27·2S-27-4927-000l·SF20	8.43	TH

$   1,398,:.87  $	101,591 $	108,076
243,847  $	17,715  $	. 18,846

REUNION WEST II llC	Reunion West Phase 4	27-25-27-3160-000A-0030	41	Sf	$   6,801,173  $	494,098  $	525,636

REUNION WESTSPE LLC	17th and 18th Fairways · Phase 3	27·25-27-4927-0001-WClO	1.47	TH	$

613,404 �

59.82	$ 8,443,407 $
$    9,520,330   $	691,i;4l_   _$

652,558
_ 735,789

This amount includes 6% to cover collection fees and early payment discounts when collected utilizing the uniform method.
This parcel is an existlngCDD stormwatertractthat.will be Included in the proposed re-platwith new stormwater areas being dedicated to COD.
Annual Assessment Periods	30
Projected Bond Rate (%)	6.00%
Maximum Annual Debt Service	$799,138

Prepared by: Governmental Management Services . Central Florida, UC

SECTION D

RESOLUTION 2019-07
A RESOLUTION AUTHORIZING AND CONFIRMING THE PROJECT; EQUALIZING, APPROVING, AND LEVYING SPECIAL ASSESSMENTS ON PROPERTY SPECIALLY BENEFITED BY SUCH PROJECT TO PAY THE COSTS THEREOF; PROVIDING FOR THE PAYMENT AND THE COLLECTION OF SUCH SPECIAL ASSESSMENTS BY THE METHOD PROVIDED FOR BY CHAPTERS 170, 190 AND 197, FLORIDA STATUTES; CONFIRMING THE DISTRICT'S INTENTION TO ISSUE SPECIAL ASSESSMENT REVENUE BONDS; MAKING PROVISIONS FOR TRANSFERS OF REAL PROPERTY TO GOVERNMENTAL BODIES; PROVIDING FOR RECORDING OF AN ASSESSMENT NOTICE; AND PROVIDING FOR SEVERABILITY, CONFLICTS AND AN EFFECTIVE DATE.
BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF REUNION WEST COMMUNITY DEVELOPMENT DISTRICT AS FOLLOWS:
SECTION 1.	AUTHORITY FOR THIS RESOLUTION. This Resolution is
adopted pursuant to Chapters 1 70, 190 and 197, Florida Statutes.
SECTION 2.	DISTRICT AUTHORITY AND PREVIOUS ACTIONS.
The Reunion West Community Development District ("District") is a local unit of special-purpose government organized and existing under Chapter 190, Florida Statutes.
The District is authorized under Chapter 1 90, Florida Statutes, to construct roads, water management and control facilities, water and wastewater systems and other public infrastructure projects to serve lands within the District.

The District previously adopted the Second Supplemental Engineer's Cost Report for Reunion West Development District, Osceola County, Florida dated January 1 0, 2019 ("2019 Engineer's Report") describing the capital improvement program to be constructed and/or acquired by the District ("Project").
The District is authorized by Chapter 170, Florida Statutes, to levy special assessments to pay all, or any part of, the cost of the Project and to issue special assessment revenue bonds payable from such special assessments as provided in Chapters 190 and 1 70, Florida Statutes.
SECTION 3.	FINDINGS. The District's Board of Supervisors ("Board")
hereby finds and determines as follows:

It is necessary to the public safety and welfare, and to comply with applicable governmental requirements, that (i) the District provide the Project, the nature and location of which is described in the plans and specifications on file at the District

Resolution 2019-07
Reunion West Community Development District

Manager's office at 135 West Central Boulevard, Suite 320, Orlando, Florida 32801 ; (ii) the cost of such Project be assessed against the lands specially benefited by such projects; and (iii) the District issue bonds to provide funds for such purposes, pending the receipt of such special assessments.

The provisions of said infrastructure projects, the levying of such special assessments and the sale and issuance of such bonds serves a proper, essential and valid public purpose.

In order to provide funds with which to pay the costs ofthe Project which are to be assessed against the benefited properties, pending the collection of such special assessments, it is necessary for the District to sell and issue its not-to-exceed $6,505,000 Reunion West Community Development District Special Assessment Revenue Bonds in one or more series ("Bonds").
In Resolution 2019-03, the Board determined to provide the Project and to defray the cost thereof by making special assessments on benefited property and expressed an intention to issue the Bonds to provide the funds needed for the Project prior to the collection of such special assessments. Resolution 2019-03 was adopted in compliance with the requirements of Section 170.03, Florida Statutes, and prior to the time the same was adopted, the requirements of Section 170.04, Florida Statutes had been complied with.

As directed by Resolution 2019-03, said resolution was published as required by Section 1 70.05, Florida Statutes, and a copy of the publisher's affidavit of publication is on file with the District Manager.

As directed by Resolution 2019-03, a preliminary assessment roll was prepared and filed with the Board as required by Section 1 70.06, Florida Statutes.
The Board, by Resolution 201 9-03 previously approved its Master Assessment Methodology for Assessment Area Five for Reunion West Community Development District, dated January 10, 2019 ("Assessment Report"), attached hereto as Exhibit "A" and incorporated herein.
The Board, by Resolution 2019-03, previously approved the 2019 Engineer's Report.

As required by Section 170.07, Florida Statutes, upon completion of the preliminary assessment roll, the Board adopted Resolution 2019-04 fixing the time and place of a public hearing at which owners of the property to be assessed and other persons interested therein may appear before the Board and be heard as to (i) the propriety and advisability ofmaking the improvements, (ii) the cost thereof, (iii) the manner of payment therefor, and (iv) the amount thereof to be assessed against each parcel of specially benefited property and providing for the mailing and publication of notice of such public hearing.

2
Resolution 2019-07
Reunion West Community Development District

Notice of such public hearing has been given by publication and by delivery as required by Section 170.07, Florida Statutes, and affidavits as to such publication and delivery are on file in the office of the Secretary of the Board.

At the time and place specified in the resolution and notice referred to in paragraph (I) above, the Board met as an Equalization Board, conducted such public hearing and heard and considered all complaints as to the matters described in paragraph (n above and, based thereon, has made such modifications (if any) in the preliminary assessment roll as it deems desirable at this time.

Having considered any revised costs of the Project, any revised estimates of financing costs and all complaints and evidence presented at such public hearing, the Board finds and determines:

that the estimated costs of the Project are as specified in the 2019 Engineer's Report, and the amount of such costs is reasonable and proper; and

that it is reasonable, proper, just and right to assess the cost of such Project against the properties specially benefited thereby using the methods determined by the Board as set forth in the Assessment Report, which will result in special assessments set forth on an assessment roll contained in the Assessment Report and herein adopted by the Board, and which roll will be supplemented and amended by the Board when properties are platted and when final project costs, structure and interest rate on the Bonds to be issued by the District are established; and

that the Proj ect will constitute a special benefit to all parcels of real property listed on said assessment roll and that the benefit, in the case of each such parcel, will be in excess of the special assessment thereon; and

it is reasonable, proper, just and right for the District to utilize the true-up mechanisms and calculations contained in the Assessment Report in order to ensure that all parcels of real property benefiting from the Project are assessed accordingly and that sufficient assessment receipts are being generated in order to pay the corresponding bond debt-service when due; and

it is desirable that the special assessments be paid and collected as herein provided.

SECTION 4.	AUTHORIZATION OF THE PROJECT. The Project, as more
specifically described by the 2019 Engineer's Report and the plans and specifications on file with the District Manager, are hereby confirmed, authorized and approved and the proper officers, employees and agents of the District are hereby authorized and directed to take such further action as may be necessary or desirable to cause the same to be made following the issuance of the Bonds.

3
Resolution 2019-07
Reunion West Community Development District

SECTION 5.	ESTIMATED	COST	OF	IMPROVEMENTS.	The	total
estimated costs of the Project, and the costs to be paid by special assessments on all specially benefited property, are set forth in Exhibit "A".
SECTION 6.	APPROVAL AND CONFIRMATION OF ASSESSMENT
REPORT. The Assessment Report is hereby adopted, approved and confrrmed by the Board acting in its capacity as an Equalization Board. The special assessment or assessments against each respective parcel to be shown on the assessment roll and interest and penalties thereon, as hereafter provided, shall be and shall remain a legal, valid and binding first lien on such parcel until paid; such lien shall be co-equal with the lien of all state, county, district, municipal or other governmental taxes and superior in dignity to all other liens, titles, and claims.
SECTION 7.	FINALIZATION OF SPECIAL ASSESSMENTS. When all of
the Project has been constructed or otherwise provided to the satisfaction of the Board, the Board shall adopt a resolution accepting the same and determining the actual costs (including financing costs) thereof, as required by Sections 1 70.08 and 170.09, Florida Statutes. The District shall credit to each special assessment for the Project the difference between the special assessment as hereby made, approved and confirmed and the proportionate part of the actual costs of the projects, as finally determined upon completion thereof, but in no event shall the final amount of any such special assessment exceed the amount of benefits originally assessed hereunder. In making such credits, no discount shall be granted or credit given for any part of the payee's proportionate share of any actual bond financing costs, such as capitalized interest, funded reserves or bond discount included in the estimated cost of any such improvements. Such credits, if any, shall be entered in the District's Improvement Lien Book. Once the final amount of special assessments for all ofthe Project improvements have been determined, the term "special assessment" shall, with respect to each benefited parcel, mean the sum ofthe costs ofthe Project.
SECTION 8.	PAYMENT AND PREPAYMENT OF NON-AD VALOREM SPECIAL ASSESSMENTS AND METHOD OF COLLECTION.
All non-ad valorem special assessments shall be payable in no more than thirty (30) annual installments which shall include interest (excluding any capitalized interest period), calculated in accordance with the Assessment Report. All special assessments collected utilizing the uniform method of collection shall be levied in the amount determined in the first sentence of this paragraph divided by 1 minus the sum of the percentage cost of collection, necessary administrative costs and the maximum allowable discount for the early payment of taxes (currently a total of four percent (4%), as may be amended from time to time by Osceola County and by changes to Florida Statues and implementing regulations, if any).
The District hereby may elect, under its charter and Section 197.363 1, Florida Statutes, to use the method of collecting special assessments authorized by Sections 1 97.3632 and 197.3635, Florida Statutes. The District has heretofore timely taken, or will timely take, all necessary actions to comply with the provisions of said Sections 1 97.3632 and 197.3635, Florida Statutes, and applicable rules adopted pursuant thereto to elect to use this method; and, if required, the District shall enter into a written agreement with the Property Appraiser and/or Tax Collector of Osceola County in
4
Resolution 201 9-07
Reunion West Community Development District

compliance therewith. Such non-ad valorem special assessments shall be subject to all of the collection provisions of Chapter 197, Florida Statutes.
Notwithstanding the foregoing, the District reserves the right under Section 1 97.363 1, Florida Statutes, to collect its non-ad valorem special assessments pursuant to Chapter 1 70, Florida Statutes, and to foreclose its non-ad valorem special assessment liens as provided for by law.

All special assessments may be prepaid in whole or in part at any time by payment of an amount equal to the principal amount of such prepayment plus interest accrued at the interest rate on the Bonds and in the amount sufficient to pay interest on the Bonds on the next interest payment date which occurs at least forty-five (45) days after such prepayment and to the next succeeding interest payment date if such prepayment is less than forty-five (45) days from the next interest payment date. All special assessments are also subject to prepayment in the amounts and at the times set forth in Chapter 1 70, Florida Statutes; provided, however, that the owner of land subject to special assessments may elect to waive such statutory right ofprepayment.

SECTION 9.	GOVERNMENT PROPERTY; TRANSFERS OF PROPERTY TO UNITS OF LOCAL, STATE, AND FEDERAL GOVERNMENT. Property owned by
units of local, state, and federal government shall not be subj ect to the special assessments without specific consent thereto. In addition, property owned by a property owners association or home owners association that is exempt from special assessments under Florida law shall not be subject to the special assessments. If at any time, any real property on which special assessments are imposed by this Resolution is sold or otherwise transferred to a unit of local, state, or federal government (without consent of such governmental unit to the imposition of special assessments thereon), all future unpaid special assessments for such tax parcel shall become due and payable immediately prior to such transfer without any further action ofthe District.

SECTION 10.	ASSESSMENT NOTICE. The District Manager is hereby directed to record a general Notice of Assessments in the Official Records of Osceola County, Florida, which shall be updated from time to time in a manner consistent with changes in the boundaries of the District.

SECTION 11.	SEVERABILITY. If any section or part of a section of this Resolution be declared invalid or unconstitutional, the validity, force and effect of any other section or part of a section of this Resolution shall not thereby be affected or impaired unless it clearly appears that such other section or part of a section of this Resolution is wholly or necessarily dependent upon the section or part of a section so held to be invalid or unconstitutional.

SECTION 12.	CONFLICTS. All resolutions or parts thereof in conflict herewith are, to the extent of such conflict, superseded and repealed.

SECTION 13.
upon its adoption.

EFFECTIVE DATE. This Resolution shall become effective

5
Resolution 20 I 9-07
Reunion West Community Development District

SIGNATURE PAGE FOR RESOLUTION 2019-07
ADOPTED this 21 st day of February, 2019.

REUNION WEST COMMUNITY DEVELOPMENT DISTRICT

[SEAL]

Attest:

Its: Secretary

Resolution 2019-07
Reunion West Community Development District

Chairperson or Vice Chairperson, Board of Supervisors

6

EXHIBIT "A" ASSESSMENT REPORT
Master Assessment Methodology for Assessment Area Five for Reunion West Community Development District
(dated January 10, 2019)

7
Resolution 2019-07
Reunion West Community Development District

-·	·-•-

SECtlON VI·

Proposal For

Reunion West CDD (http://www.reunionwestcdd.com/)
Website Accessibility for People with Disabilities as per Nondiscrimination requirements of Title II of the American Disabilities Act (ADA)
	Date	Version#	Comments	Author	
May 25, 2018	1.0	Initial version	VB Joshi	
June 18, 2018	1.1	Added document conversion cost	VB Joshi
Kristen Thornburgh	
June 21, 2018
August 10, 2018	1.2
1.3	Added WCAG Standards Compliance	VB Joshi	
		Added CDD Specific details	VB Joshi	
August 13, 2018	1.4	Updated pricing for simple, medium and high complexity CDD websites Updated conversion and support costs
based on discussed scope	As per requirements from Ariel and Valerie
As per meeting with
GMSCFL	
August 28, 2018

January 17,
2019	2.0 

2.1 			
		Updated "The Law" section	VB Joshi	
Presented by: VGlobalTech, Orlando, Florida
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Service Providers: VGlobalTech LLC, Orlando, Florida, USA
COPYRIGHT ©: This proposal is solely created by VGlobalTech team for its customers and cannot be reproduced, copied, modified or distributed (including forwarding to other customers, competitors, web designers etc.) without the written consent of VGlobalTech. Any violations shall be prosecuted.

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Private and Confidential Document. No part of this document shall be produced, sent, copied to any parties it is not intended for. It is intended for the entities listed clearly on this proposal. Any distribution without written consent shall be procecuted

Table of Contents
1.0	The Law	3
ADA & WCAG Compliance - Introduction	5
Common Problems and Solutions in Website Accessibility?	6
Problem: Images Without Text Equivalents	6
Problem: Documents Are Not Posted In an Accessible Format.	6
Problem: Specifying Colors and Font Sizes	6
4	Problem: Videos and Other Multimedia Lack Accessible Features	7
Web Content Accessibility Guidelines (WCAG)	7
Pricing	9
One time (website conversion and compliance cost)	9
ADA Compliance Yearly Maintenance and Upgrade starting after initial conversion is completed (Optional Maintenance - It is critical to maintain compliance as websites get updated):	10
4.0	Proposal Acceptance:	12
5.0	References·	13

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1.0 The Law

Source:
http://www.leg.state.fi.us/statutes/index.cfm?App_mode=Display_Statute&URL=0100- 0199/0189/Sections/0189.069.html
189.069	Special districts; required reporting ofinformation; web-based public access. -
(1)	Beginning on October 1, 2015, or by the end of the first full fiscal year after its creation, each special district shall maintain an official website containing the information required by this section. Each special district shall submit its official website address to the department.
Each independent special district shall maintain a separate website.
Each dependentspecial district shall be prominently displayed on the home page of the website ofthe local general-purpose government upon which it is dependent with a hyperlink to such webpages as are necessary to provide the information required by this section. A dependent special district may maintain a separate website providing the information required by this section.
(2) (a)	A special district shall post the following information, at a minimum, on the district's official website:
The full legal name of the special district.
The public purpose ofthe special district.
The name, official address, official e-mail address, and, ifapplicable, term and appointing authority for each member ofthe governing body ofthe special district.
The fiscal year ofthe special district.
The full text of the special district's charter, the date of establishment, the establishing entity, and the statute or statutes under which the special district operates, if different from the statute or statutes under which the special district was established. Community development districts may reference chapter 190 as the uniform charter but must include information relating to any grant of special powers.
The mailing address, e-mail address, telephone number, and website uniform resource locator ofthe special district.
A description of the boundaries or service area of, and the services provided by, the special district.

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A listing of all taxes, fees, assessments, or charges imposed and collected by the special district, including the rates or amounts for the fiscal year and the statutory authority for the levy of the tax, fee, assessment, or charge. For purposes of this subparagraph, charges do not include patient charges by a hospital or other health care provider.
The primary contact information for the special district for purposes of communication from the department.
A code of ethics adopted by the special district, if applicable, and a hyperlink to generally applicable ethics provisions.
The budget ofthe special district and any amendments thereto in accordance with s. 189.016.
The final, complete audit report for the most recent completed fiscal year and audit reports required by law or authorized by the governing body of the special district.
A listing of its regularly scheduled public meetings as required by s. 189.015 (1).
The public facilities report, if applicable.
The link to the Department of Financial Services' website as set forth in s. 218.32(1)(g).
At least 7 days before each meeting or workshop, the agenda of the event, along with any meeting materials available in an electronic format, excluding confidential and exempt information. The information must remain on the website for at least 1 year after the event.
(b)	The department's website list of special districts in the state required under
s. 189.061shall include a link for each special district that provides web-based access to the public for all information and documentation required for submission to the department pursuant to subsection

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2.0 ADA & WCAG Compliance - Introduction

Every individual must have equal access to information whether it is in person service or online. This is a general agreement and understanding of access.
The Internet has dramatically changed the way state and local governments do business. Today, government agencies routinely make much more information about their programs, activities, and services available to the public by posting it on their websites. As a result, many people can easily access this information seven day a week, 24 hours a day.
Many government services and activities are also provided on websites because the public is able to participate in them at any time of day and without the assistance ofgovernment personnel. Many governmentwebsites offer a low cost, quick, and convenient way of filing tax returns, paying bills, renewing licenses, signing up for programs, applying for permits or funding, submitting job applications, and performing a wide variety of other activities.
The Americans with Disabilities Act (ADA) and, ifthe government entities receive federal funding, the Rehabilitation Act of 1973 generally require that state and local governments provide qualified individuals with disabilities equal access to their programs, services, or activities unless doing so would fundamentally alter the nature of their programs, services, or activities or would impose an undue burden. One way to help meet these requirements is to ensure that government websites have accessible features for people with disabilities, using the simple steps described in this document. An agency with an inaccessible website may also meet its legal obligations by providing an alternative accessible way for citizens to use the programs or services, such as a staffed telephone information line. These alternatives, however, are unlikely to provide an equal degree ofaccess in terms of hours of operation and the range of options and programs available.
The World Wide Web Consortium (W3C) sets the main international standards for the World Wide Web and its accessibility. W3C created the Web Content Accessibility Guidelines (WCAG 2.0 and 2.1) which are similar to Section 508, but on an international level. WCAG 2.0 and 2.1 requires specific techniques for compliance and is more current than Section 508.
Many countries and international organizations require compliance with WCAG 2.0 and
The guidelines are categorized into three levels of compliance: A (must support), AA (should support), and AAA (may support). Representatives from the accessibility community around the world participate in the evolution of these guidelines.
Source: https://www.w3.org/WAI/standards-guidelines/wr:.ag/
Visit http://vglobaltech.com/website-compliance/ for more details, do a website compliance check on your website and to download a PDF proposal.

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Common Problems and Solutions in Website Accessibility?
Problem: Images Without Text Equivalents

Solution: Add a Text Equivalent to Every Image
Adding a line ofsimple HTML code to provide text for each image and graphic will enable a user with a vision disability to understand what it is. Add a type of HTML tag, such as an "alt" tag for brief amounts oftext or a "longdesc" tag for large amounts, to each image and graphic on your agency's website.
The words in the tag should be more than a description. They should provide a text equivalent of the image. In other words, the tag should include the same meaningful information that other users obtain by looking at the image. In the example ofthe mayor's picture, adding an "alt" tagwith the words "Photograph of Mayor Jane Smith" provides a meaningful description.
In some circumstances, longer and more detailed text will be necessary to convey the same meaningful information that other visitors to the website can see. For example, a map showing the locations of neighborhood branches ofa city library needs a tag with much more information in text format. In that instance, where the map conveys the locations of several facilities, add a "longdesc" tag that includes a text equivalent description of each location shown on the map - e.g., "City Center Library, 433 N. Main Street, located on North Main Street between 4th Avenue and 5th Avenue."
Problem: Documents Are Not Posted In an Accessible Format

Solution: Post Documents in a Text-Based Format
Always provide documents in an alternative text-based format, such as HTML or RTF (Rich Text Format), in addition to PDF. Text-based formats are the most compatible with assistive technologies.
Problem: Specifying Colors and Font Sizes

Solution: Avoid Dictating Colors and Font Settings
Websites should be designed so they can be viewed with the color and font sizes set in users' web browsers and operating systems. Users with low vision must be able to specify the text and background colors as well as the font sizes needed to see webpage content.

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Problem: Videos and Other Multimedia Lack Accessible Features

Solution: Include Audio Descriptions and Captions
Videos need to incorporate features that make them accessible to everyone. Provide audio descriptions ofimages (including changes in setting, gestures, and other details) to make videos accessible to people who are blind or have low vision. Provide text captions synchronized with the video images to make videos and audio tracks accessible to people who are deafor hard of hearing.

Web Content Accessibility Guidelines {WCAG)

Understanding the Four Principles of Accessibility
The guidelines and Success Criteria are organized around the following four principles, which lay the foundation necessary for anyone to access and use Web content. Anyone who wants to use the Web must have content that is:
Perceivable - Information and user interface components must be presentable to users in ways they can perceive.
This means that users must be able to perceive the information being presented (it can't be invisible to all oftheir senses)
Operable - User interface components and navigation must be operable.
This means that users must be able to operate the interface (the interface cannot require interaction that a user cannot perform)
Understandable - Information and the operation ofuser interface must be understandable.
This means that users must be able to understand the information as well as the operation of the user interface (the content or operation cannot be beyond their understanding)
Robust - Content must be robust enough that it can be interpreted reliably by a wide variety of user agents, including assistive technologies.
This means that users must be able to access the content as technologies advance (as technologies and user agents evolve, the content should remain accessible)
Ifany ofthese are not true, users with disabilities will not be able to use the Web.

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Under each of the principles are guidelines and Success Criteria that help to address these principles for people with disabilities. There are many general usability guidelines that make content more usable by all people, including those with disabilities. However, in WCAG 2.1, we only include those guidelines that address problems particular to people with disabilities. This includes issues that block access or interfere with access to the Web more severely for people with disabilities.

See reference section at the end of this document for more information and websites for ADA, Usability and other important compliance issues and solutions.

VGlobalTech development and business n1anagement team shall study these compliance guidelines and with our technical capabilities apply these to make your webs ite accessible, compatible and fully functional for all people, including those with disabilities.

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Pricing

Website Complexity: Small Level Websites
VGlobalTech team shall complete the following critical tasks for client website. All costs below are per website / COD:

One time (website conversion and compliance cost):

1.	Task	Estimated Cost	
	Perform ADA Website Compliance Check for current website - Update ALL webpages on the website. Create a accessibility before and after document, code review, html updates, plugins / security updates required for ADA
and WCAG compliance	$700	
2.	Cross-Device Check (Website needs to appear as per ADA standards on Mobile Phones, Tablets, Desktops etc).
Braille Readers, Other assistance technology compatibility	$100	
3.

4.	ADA Standards application (as per Section 1 above). ADA.gov, Web Content Accessibility Guidelines (WCAG) PDF Documents conversion (to Text, HTML etc) as needed for ADA Compliance / Reader Compliance (upto 2 years of
documents shall be converted}	$700	
		$300	
5.	Create a webpage showing websites ADA Compliance
efforts	$100	
6.	Create customized footer with VGlobalTech's ADA
Compliance Seal (valid for 1 year only}		
	Total (one time compliance / conversion cost)	$1975 / one
time	

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$75

ADA Compliance Yearly Maintenance and Upgrade starting after initial conversion is completed (Optional Maintenance - It is critical to maintain compliance as websites get updated):

VGlobalTech team shall complete the following critical tasks for client website. All costs below are per website / COD:

Task	Cost	
1.	Perform ADA Website Compliance Check for current	$200
website - All new webpages on the website	
2.	Cross-Device Check (Website needs to appear as per ADA
standards on Mobile Phones, Tablets, Desktops etc)	$75	
3.	Update footer with VGlobalTech's ADA Compliance Seal (extended for current year)		
4.

5.	Support (upto 5 hr / month) for the year including updates to newly added pages, upgrade to new standards (if any). Posting new documents, minutes, agendas etc to the websites as needed - Worry Free Monthly Maintenance.
PDF Documents conversion (to Text, HTML etc) as needed for ADA Compliance / Reader Compliance
Annual Maintenance (starts after initial compliance engagement quoted above is complete)	$600	
		$400	
		$1350 / year
(can be broken	
		up into smaller monthly bills)	

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This proposal includes following points1 stipulations terms and conditions:
*(1) conference call or in person meetings per month with client to review metrics, results and monthly recaps *unless otherwise noted
* email and phone communication
*Anything out of the scope of work in the above proposal will be addressed and client wil l be immediately notified. After notification of additional work, a subsequent quote will be provided to cover that work.
*Client is responsible to adhering to timelines as fa r as information required to complete the task is concerned. If timelines are not adhered to and exceed 15 business days past the current marketing months, last day, all work will end. A new month with new allocated costs will be presented for future work to commence. No refunds and owed work will be due unless otherwise agreed upon. An Invoice will be provided once signature approval of this project proposal. Payments will be made to VGLOBALTECH
*Client is responsible for verifying quality of work, providing feedback, verifying that compliance has been met as required. VGlobalTech team shall not be responsible for any legal ramifications arising from work not done as per external agencies / organizations / associations needs if proper feedback is not provided by the customer. VGlobalTech's work will be in best faith but cannot guarantee all compliance / legal needs since we are not the final a uthority in the ADA or WCAG compliance area. VGlobalTech shall not be liable for any legal ramifications arising from compliance issues and cannot be held responsible for any legal or other lawsuits.
Refund Policy: The client may halt work and request for a refund within seven days of the date of signing this services agreement by mailing a signed letter to the main address listed on www.VGlobalTech.com website. If client requests a refund within seven days of the date of signing their agreement they shall be liable to pay for all work completed and will be refunded the remaining balance of the initial payment if billable work has not exceeded a charge that would be greater than client's initial payment. If client requests a refund after the seven days from the date of the signing of the agreement client is liable to pay for all work completed plus an additional 25% of any remaining balance that may still be due. Once line item projects a re complete no refunds will be issued. Confidentiality: All information between client and service provider inclusive of technical and business information relating to proprietary ideas, patentable ideas and/or trade secrets, existing and/or contemplated products and services, research and development, production, costs, p rofit and margin information, finances and financial projections, customers, clients, marketing, and current or future business plans and models, regardless of whether such information is designated as "Confidential Information" at the time of its disclosure and will be treated as such and with absolute confidentiality and will not be shared or used, which will be maintained at all times. The client is not allowed to disclose their price with any third parties. Doing so is in breach of this agreement. All information development will be shared and proprietary information and property between client and service providers.

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4.0 Proposal Acceptance:

To accept these project, associated costs and conditions as listed above please sign and date below.
The VGlobalTech proposed solution and terms have been accepted by the customer and the VGloba/Tech team can proceed with the project. All payments shall be made according to this agreement.

Select Proper Option Below, Sign and Date, Return to contact@vglobaltech.com:
□Section 3.1: One time (website conversion and compliance cost):
□Section 3.1: One time (website conversion and compliance cost)

Section 3.2 ADA Compliance Yearly Maintenance and Upgrade starting after initial

+	-

conversion is completed (Optional Maintenance
as websites get updated):

For Customer

VB Joshi
For VGlobalTech

It is critical to maintain compliance

Date

Date

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References:

ADA Best Practices Tool Kit for State and Local Governments: https://www.ada.gov/pcatoolkit/chapStoolkit.htm

U.S. Department of Justice, Civil Rights Division, Disability Rights Section
https:ljwww.ada.gov/websites2.htm

Web design Standards: https://www.w3schools.com/

Web Content Accessibility Guidelines (WCAG) https:ljwww.w3.org/TR/WCAG21/

VGlobalTech Web Content Accessibility Implementation and Checkpoints: http://vglobaltech.com/website-compliance/

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[	i·�i�t:ii lBB Rating: A+

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SECTION Vl·I

SECTION 1

Reunion East
Meeting
Item #  Assigned	Action Item	Assigned To:	Date Due	Status	Comments

1	3/14/1 1	Irrigation Turnover	Developer		On Hold	

2	

3/1 6/1 7	

Allocation of 532 Costs	

Scheerer/d'Adesky		

On Hold	
		Amendment to MSA to Incorporate				

Issue on Hold Pending CUP Negotiation
Proposals from Yellowstone presented at August meeting. Counsel Sent Demand Letters for Costs to Each Parcel Owner. Publix Declined Sharinq Costs.

Heritage Crossing Community	To be Discussed Further at February
3	1/1 1/18	Center  & Horse Stables	Resort/Flint	In Process Meeting
Evaluation of Installation of a Transponder System for Reunion
Property Owners Ease of Gate	System Installation Complete;
4	8/9/1 8	Access	Scheerer/Cruz	In Process	Programming in Proaress	
		Implementing Policies/Guidelines				
Regulating Number of Guests at	Counsel to Incorporate Board	
5	8/9/18	COD Property	Flint/d'Adeskv	In Process	Comments and Revise Policy	
6	9/1 3/18	Repair of Potholes on Sinclair Road	Scheerer	Completed		
7	1 0/1 1/18	Evaluation of Speed Limit Siqns	Boyd/Scheerer	Completed		
Installation of Signage in Advance of
1 2/1 3/1 8     Reunion Blvd.  Intersection  at 532	Bovd	In Process
Proposal from Heritage Service
Repainting of Signs Throughout	Solutions Approved at January
1 2/1 3/1 8    Community	Scheerer	In P rocess Meeting

Meeting
Item #  Assianed	Action Item	
Assigned To:	Date Due	
Status	
Comments
Monuments in Design Phase.	

1	
Installation of Neighborhood 1/1 1/18	Monuments				
				
		Scheerer			

Reunion West

Architect in Process of Transmitting Plans to Osceola County for
In Process Permittinq.

revised 2/14/2019 

SECTION 2

Reunion West
Community Development District
Summary of Check Register
January 1, 2019 to January 31, 2019

	Fund	Date	Check No.'s	Amount		
General Fund	1/ 1 /19	1390-1393	$	173,461.88	
	1/2/19	1394	$	158,907.06	
	1/4/19	1395	$	132.00	
	1/8/19	1396	$	7,171 .72	
	1/11 /19	1397-1398	$	1,067.06	
	1/18/19	1399-1400	$	2,140.01	
	1 /23 /19	1401-1404	$	107,313.68	
	1/29 /19	1405	$	115.40	
			$	450,308.81	
Replacement & Maintenance Fund	1/2/19	15	$	91,700.86	
			$	91,700.86	
Payroll	D!;:�!;:mber 13, 2018	
Deborah Musser	50418	$	184.70	
		$	184.70	
		
Janua rflQ, 2019				
Carlton Grant III	50419	$	184.70	
David Burman	50420	$	184.70	
Deborah Musser	50421	$	184.70	
John Chiste	50422	$	184.70	
Mark Greenstein	50423	$	184.70	
		$	923.50	
		
Ianuar:t 24, 2Q19				
Carlton Grant III	50424	$	184.70	
David Burman	50425	$	184.70	
John Chiste	50426	$	184.70	
Mark Greenstein	50427	$	184.70	
		$	738.80	

$	s43,ss6.67 I

A* P* 3* 00R	YEA*R* -*TO-DATERAEUCNCOIOUNTWSEPSATY-GAEBNLERALPREPFAUNID/COMPUTER  CHECK  REGISTER	RUN	2/ 14/19	PAGE	1

CHECK DATES 01 /01/2019 - 01/31/ 2019 

BANK A GENERAL FUND

CHDEACTKE

VEND#	• • D• A• T• EINVOINCEVO. I. C. E• .    . Y. R. MEXOPENDSPETDATCOCT. #. . SUB	SUBCLASS

VENDOR NAME

STATUS

AMOUNT

A• M. O. U. NCHTECK . . #• . . 

1/01/19 00031 

1/01/19   0F1Y0 129 0D1E9BT2 0S1E9R0V1   3SE0R0 -20 0740-0 -1 10000 
REUNION WEST C/0 USBANK

85,435 . 05

*

*

*

- - -  - - - -  -  -  - -85-, 4-35-. 0-5   001390 

1/01/19 00031 

1/01/19   0F1 Y0 192 0D1E9 BT2 0S1E9R0V1   S3E0R0 -20 17500-10400 
- - - - -  - - - - - - - - - - -  -  -RE-UNION  WEST  C/0  USBANK

20,9 64 .97

*

- - - - - - - - - -

2-0-, 9 -64-. 97-

001391 

1/01/19 00031 

1/01/19 00031 

1/01/19 010 2 019 201 9 01 300 -	7 0 0-10500 

FY1 9 DEBT SERV SER 20 1 6 

REUNION WEST C/0 USBANK 1/01/19   0F1 0Y19 0D1E9BT2 0S1E9R0V1   S3E0R0 -20 71 07 0-10600 

34, 507 .56
-  -  -  - -  -  - - -  -  -34-, 5 -07 -. 5-6   001392 
32 , 554.30

1/02/19 00029 

1/02/19   0E1X0P2E2N0S1E9  D2U0E1 9T0O1

REUNION WEST C/0 USBANK
R3E0 0O-C2T0-7N0O0V-10100 

- - - - -  - -  -  -  -
*	158 ,9 07.06

3-2 -, 55-4 -. 3-0   001393 

REUNION EAST COD
1/04/19   00035	12/31/18   1A7Q4U5A0T3IC  P2L0A1N8T12MG3M2T0-D5E3C8 01 08 -47000 

AQUATIC PLANT MGMT DEC1 8

12/31/18 174503	201812 300 -131 0 0 -10100 
APPLIED AQUATIC MANAGEMENT , INC .

- - -  - -  -  -  -  -  -1-58-, 9-07 -. 0-6   001394 

*

58 . 08
*	73 . 92
-  -  -  - - -  - - - -  - -1-32 -. 0-0   001395 

1/08/19 00020 

1/01/19 434	201901 3 10 -5 1300-34000 

INFORMATION  TECH-JAN19

MANAGEMENT FEES-JAN 1 9

1/01/19  4 3 4	2 01901 3 10 -5 300-35100 

DISSEMINATION-JAN 19

1/01/19 434	2 0 1 90 1 3 10 -51300-31300 
1/01/19 434	201901  310-51300-51000 
1/01/19   4O3 F4 FICE  SU2P0P1 L9 0IE1 S31 0-51300-42000 

*	3,6 89 . 50

*

*

183 .33
*	625 .00
20 .36
*	9.4 0

1/01/19   4P3O4STAGE
1/01/19   4C3O5PIES

201901 310-51300-42500 
201901 320-53800-12000 

*	34 .80
*	2, 609 .33

- - - -

F-IE-LD  MANAGEMENT-JAN19	GOVERNMENTAL  MANAGEMENT  SERVICES

-  -  -  -  - - - - - - -7-, 1-71-.7 -2   001396 

1/11/19 00051 

- - - - - - - - - - - - -
1/09/19   2A1T3T5END  CD2D0 1M8E1E2 TI3N1G0 -1521 3/ 1030-3 1100	*
BOYD CIVIL ENGINEERING
REUW REUNION WEST	TVISCARRA

169. 62

169 . 62 001397 

REUNION WEST-GENERAL FUND

A* P* 3*0 C0RHECK  DATES   01/01/2019   -   01/31/20 1Y9EA*R* *-TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER  CHECK  REGISTER	RUN	2/14/ 19	PAGE	2
BANK  A  GENERAL  FUND

DATE	DATE	INVOICE	YRMO    DPT ACCT#  SUB	SUBCLASS

*	AMOUNT	#

CHECK  VEND#	• • • • . INVOICE • • • • .  • • • EXPENSED TO . . .	VENDOR NAME	STATUS

*

1/11/19 00036	12/31/18 DUKE-DUK 201811 320-53800-43000 
DUKE ENERGY #54512 29301 
12/31/18 DUKE-DUK 201811 320-53800-43000 
DUKE ENERGY #64321-6 1161 

AMOUNT
264. 53
515. 49

• • • . CHECK • • • . • 

12/31/18 TOHO-TOH 201811 320-53800-43 100 
TOHO METER#4 9005514 NOV18	REUNION RESORT

117 .42

*

*

897 .44 001398 

1/18/19 00043 

1/15/19 84026	201812 310-51300-31500 
REV . AGNDA/ATTEND CDD MTG
1/15/19 84027	201812 310-51300-31500 

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

*

- - - - REV. COUNTY ISSUE/EXPAND	LATHAM, SHUKER, EDEN & BEAUDINE , LLP

474 . 45
1, 201 . 00

1, 675 . 45 001399 

1/18/19  00056 

1/23/19 00031 

1/23 /19 00031 

1/09/19 2018281	201901  310-51300-49300 
2018  TAX  ROLL ADMIN FEE	OSCEOLA COUNTY PROPERTY APPRAISER
1/23/19 01232019 201901 300-20700-10000 
FY19  DEBT SERV  SER2004-l	REUNION WEST C/0 USBANK
1/23/19 01232019 201901 300-20700-10400 
FY19  DEBT SERV SER2015	REUNION WEST C/0 USBANK

464 .56

*

-  -  -  -  -  -  - - - -  - -4 -64 -. 5-6   001400 52, 855. 13

*

-  -  -  -  -  - - - -  -  -52 -, 8-5 5-. 1-3   001401 
12 ,9 70. 15

*

- - - - - -  - - -  -  -12 -, 9 -70 -. 1-5   001402 

1/23/19 00031 

1/23/19 01232019 201901 300-20700- 10500 
FY19  DEBT  SERV SER2 016	REUNION WEST C/0 USBANK

21, 348.40

*

- - - - - - - - - -

2-1 -, 3-4 8-.4 -0   001403 

1/23/19 00031 

1/23/19 01232019 201901 300-207 00- 10600 
FY19  DEBT  SERV SER2 017	REUNION WEST C/0 USBANK

20, 140. 00
-  -  -  - -  - - - -  -  -2 0-, 1-40 -.0 -0   001404 

1/29/19 00011 

1/15/19 6-429-51 201901 310-513 00-42000 
DELIVERY  01/ 04/19	FEDEX

TOTAL FOR BANK A TOTAL FOR REGISTER

115.40 

450, 308 .8 1
450, 308 .81 

115.40 001405 

REUW REUNION WEST	TVISCARRA

A*P* 3* 00R	YEA*R*-*TO-DATERAEUCCNOIUONTWSEPSATY-RAB&MLE  PREPAID/COMPUTER  CHECK  REGISTER

RUN	2/14 /19 

PAGE	1

CHECK DATES 01/ 01/2019 - 01/31 /2019 

BANK C REPLACEMENT & MAINT

CHDEACTKE    VEND#	. . D. A. T. EINVOIICNEVO. I. C• E• .   . Y. RM• EXOPENDPSETDATCOCT. #. . SUB	SUBCLASS  VENDOR  NAME	STATUS

AMOUNT

A. M. O. U• NCHTECK • • #• . . 

R&M

1/02/19   00001	1/02/19   0 1022E0X1 9P  2DU0E19T0O1  R3E0 0O-C2T0-7N0O0V-10100 
REUNION EAST COD

REUW REUNION WEST

*

TOTAL FOR BANK C TOTAL FOR REGISTER

TVISCARRA

91, 700 .86

91, 700 .86 
91,7 00 .86

91,700 . 86 000015 

SECflON 3

•	•	•	•	•	•	•	•	•	•	•	•

• • • • • • •

Reunion West
Community Development District

Unaudited Financial Reporti ng December 31 , 2018 

Table of Contents

Balance Sheet

General Fund  Income Statement

Replacement & Maintenance Income Statement

Debt Service Series 2004-1 Income Statement

Debt Service Series 2015 I ncome Statement

Debt Service Series 2016 Income Statement

Debt Service Series 2017 I ncome Statement

Capital Projects Series 2015 Income Statement

Capital Projects Series 2016 Income Statement

Capital Projects Series 2017 Income Statement

11-12	Month to Month

13-14	FY19 Assessment Receipt Schedule

COMBINED BALANCE SHEET

COMMUNRITYeuDnEVioELnOPWMEeNsTtDISTRICT
December 31, 2018

CASH	$1,0$462,88640	$149,398	$1,196,078

 	General		&RMepalaincteemnaenncte	SeDrvebicte	PCaropjeitcatls

(Memor2a0nd19um Only)

CSTUASTTEODBOY ARCCDOOUFNATDMINISTRATION	$1,2S3,162	$1,2$523,,816642

!ll.rn;

Resvenvuee	$882,110	$882,110

SINEVREIESSTM20E0N4T-1S

$669,007	$669,007

Revservenue	$231,565	$26341,,154605

SEGReIEnSer2a0l 1R5edemption

$164,140

$385

SECRoInEsStr2u0c1t6ion

$271,557	$5

CPorenpsatyrumcteinotn	$66	$$661

Revsenvuee	$317,7$501

$321771,7550

SERReIsEeSrv2e017

$2855,6148

$255,147

$0

PRreevpeanyumeent	$1,984

$285,648

F	REUNION EAST

CosntstorfucIstsiounance
DUE FROM OTHER

$$357,2560

$173,462

$602	$602
$$375,,42650

$1,092,254	$1,402,559	$3,252,755	$674	
$22$2,,87525	$110,313			

DUE FROM GENERAL FUND	 		 		 		 	
TOTAL ASSETS
IJA!!Jbl!Jll;ACCOUNTS PAYABLE

$173,462
$5,748,242

$2,875

ODUUE TTO OREVNELIOPEERAST

$2,883

$33$32,86843

DUE TO DEBT SERVICEE 2000154-1	$$2805,,496355	$205,,946355

$32,554

DUE TO DEBT SERVICE 20176	$34,508
FFUUNNDD BEOALAUITVNC·ES:

$342,,5548

16   70

$1,63   937

$1,292,246	$1,292,246

ICT     F	E	4-1

ASUNSAIGSSNIEGDNED	$690,183
RESTRICTED FOR DEBT SERVICE 2015

$1,636,937
$623,816

$690,183
$416,670

RESTRICCTTED FOR DEBT SERVICE 20176	$57S,333	$57253,383136

RESTRICTED FOR CAPITAL PROJECTS 2016	$66	$66

ICT    F	L	J  CT	$5	$5
RESTRICTED FOR CAPITAL PROJECTS 2017	 		 		 	$602	 	$602 

T&OTOATLHELRIACBRILEmDIETSS& FUND EQUITY

$1,092,254	$1,402,559	$3,252,756	$674	$5,748,243

Reunion West
COMMUNITY DEVELOPMENT DISTRICT

Statement of Revenues & E,cpendltures

General Fund

�

ForThe Period Ending December31, 2018
AOOPTED	PRORATED BUDGET	ACTUAL
BUDGET	THRU 12/31/18	THRU 12/31/18	VARIANCE

SpedalAssessments -TaxCollector	$517,848	S37S,014	$37S,014
Special Anessments - Ol�ct	$536,999	$136,740	$112,247	($24,4931
Interest	$0	$2	$2
Miscellaneous Income	$3,749	$937	$312	($625)
TOTAL REVENUES	Sl,058,596	$512,691	$487,576
EXPENDITURES·
Al>MfNISTRATIVE·
SupeNisor Fees	$12,000	$3,000	$1,600	$1,400
FICA	$918	$230	$122	$107
Engineerlrtt	$2,000	$489	$1,511
Attamey	$17,000	$4,250	$5,316	1$1,0661
Trustee Fee	$21,000	$4,863	$4,863	$0
Dissemination	$7,500	$1,875	$2,125	($2S0)
Arbitrage	$2,400	so	$0	so
Colectlon Agent	$7,500	$7,500	$7,500	so
Property Appraiser Fee	$500	$0	so
Annual Audit	$5,200	$0	$0	$0
Management Fees	$44,274	$11,()69	Sll,069	$0

$13

InformationTechnology	$2,200	SSS0	$5S0	$0

Telephone	$300
Postage	$1,000	$250

$62
$6

Printi111 & Binding	$1,600	$400	$108	$292
lns1.orance	$9,400	$9,400	$8,540	$860
Legal Advertising	$1,500	$37S	$688	1$3131

$75

$34

OtherCurrent Charges	$3S0	$BB	$3,400	1$3,313)

OffaceSupplles	$300

$175

Ttavel PerDiem	$600
Dues, Licenses & Subscripdons

$17S

$41
$0	$150

TOTAL  ADMINISTRATIVE	$143,717	$46,323	$46,842	1ss1•1I

M,AINrf.tiMJ.£f.·S�R[O. [Kff.tlif.f.f:
Fiekl Management	$31,312	$7,828	$7,828	($OJ

$935

Facllty Lease Asreement	$17,980	$4,495	$4,495	$0
Telephone	$710	$22S
Electnc	$259,600	$64,900	$45,128	$19,772

$5,689

Water& Sewer	$35,200	$8,800	$4,472	$4,328
Gas	$33,880	SB,470	$2,781
Pooland Fountain Maintenance	$77,000	$19,250	$21,758	1$2,SOBI
Environmental	$1,100	$841	$259
Property Insurance	$20,130	$20,130	$18,271	$1,859

$341,568

Irrigation Repairs	$6,600	$1,650	$2,362	($7121
Landscape Contract	$85,392	$101,530	($16,1381
Landscape Contingency	$17,083	$4,271	$20,522	1$16,2511
landscape Consulting	$17,160	$4,290	$7,72B	1$3,438)

$3,353

Gate and Gatehouse Expenses	$14,0B0	$3,520	$2,654	$866
Roadways/Sidewa•s	$22,000	$5,500	$2,147
Lighting	$4,400	$1,100	$0	$1,100
MSA Bulldlrig Repairs	$17,600	$4,400	$1,796	$2,604
Pressure Washing	$8,800	$2,200	$2,552	1$352)
Malntenanoe (Inspections}	$770	$164

$319

Repairs& Maintenance	$8,800	$2,200	$0	$2,200

Pestr.ontrol

$80

$80

Signage	$1,760	$440	$2,346	($1,906)
Security	$61,600	$15,400	$15,400	$0
M�ttl.'H.tlAtl.U.·f:N.{fgl,f.Kl!f.NS�·
lnigation System Operations	$20,000	$5,000	$0	S5,000 Contingency		$0		$0	$0		$0
TOTAL  MAINTENANCE	$1,025,781	$271,543	$265,349	$6,194 1
TOTAL EXPENDITURES	$1,169,49B	$312,191

EXCESS REVENUES (EXPENDITURES)	1$110,902)	$175,385

FUND BALANCE· Beginning	$110,902	$514,798

FUND BALANCE· Ending	$0	$690,183

2

Reunion West
COMMUNITY DEVELOPMENT DISTRICT
Replacement & Maintenance Fund Statement of Revenues & Expenditures ForThe Period Ending December 31, 2018

REVENUES;

ADOPTED	PRORATED
BUDGET	THRU 12/31/18

ACTUAL
THRU 12/31/18	VARIANCE

Interest	$3,000	$7,745		
TOTAL REVENUES	$3,000	$7,745	$6,995 I	
EXPENDITURES;				
Building Improvements Fountain I mpmvements	$11,000	$19,800
$2,750	$12,143
$0	$2,750	

Gate/Gatehouse Improvements Landscape Improvements Lighting Improvements Monument lmpovements
Pool Furniture
Pool Repair& Replacements Roadways/Sidewalks Improvements Signage
Signalization    TOTAL EXPENDITURES
EXCESS REVENUES (EXPENDITURES)
FUNDBALANCE- Beginning FUND BALANCE- Ending

$0	$0
$14,850
$3,520	$880
$11,000	$2,750
$5,280	$1,320
$17,600	$4,400
$4,400	$1,100
$28,600	$7,150
$0	$0
$220,000	$55,000

$1,332,608
$1,115,608

3

$2,549	($2,549)
$22,123
$0
$0
$6,222	($4,902)
$0	$4,400
$0	$1,100
$7,150
$67,276
$110,313	 	
($102,568)
$1,394,814
$1,292,246

Reunion West
COMMUNITY DEVELOPMENT DISTRICT
Debt Service Fund
Statement of Revenues & Expenditures Series 2004- 1
ForThe Period Ending December 31, 2018

REVENUES:

Special Assessments -Tax Collector Interest
TOTAL REVENUES
EXPENDITURES:

Interest Expense 11/01 Principal Expense 05/01 Interest Expense 05/01
TOTAL  EXPENDITURES

Transfer In/(Dut) Other Debt Service Costs
TOTAL OTHER
EXCESS REVENUES (EXPENDITURES) FUND BALANCE . BeglMing
FUND BALANCE · Ending

ADOPTED	PRORATED
BUDGET	THRU 12/31/18

$1,336,719	$805,533
$500	$125
$1,337,219	$805,658

$450,469	$450,469
$445,000	$0
$450,469	$0
$1,345,938	$450,469
$0	$0
$0	$0
$0
($8,719)
$592,889
$584,171

4

ACTUAL
THRU 12/31/18	VARIANCE

$805,533	$0
$4,943	$4,818
$810,476	$4,818 1

$450,469	$0
$0
$0	$0
$450,469	so I
$0	$0
$0
$0	so !
$360,007
$1,276,929
$1,636,937

Reunion West
COMMUNITY DEVELOPMENT DISTRICT
Debt Service Fund
Statement of Revenues & Expenditures Series 201S
ForThe Period Ending December 31, 2018

REVENUES:
Special AssessmentsTaxCollector Interest
TOTAL REVENUES EXPENDITURES:
Interest Expense 11/01 Principal Expense 05/01 Interest Expense 05/01
TOTAL EXPENDITURES
Transfer In/(Out) Other Debt Service Costs
TOTAL OTHER
EXCESS REVENUES (EXPENDITURES)
FUND BALANCE · Beginning FUND BALANCE • Ending

ADOPTED	PRORATED
BUDGET	THRU 12/31/18

$326,875	$197,670
$100	$0
$326,975	$197,670

$92,181	$92,181
$145,000
$92,181	$0
$329,363	$92,181
$0
$0	$0
$0
($2,388)
$143,381
$140,994

5

ACTUAL
THRU 12/31/18	VARIANCE

$197,670	$0
$1,180	$1,180
$198,850	$1,180 r

$92,181	$0
$0	$0
$0
$92,181	$0 I
$0
$0	$0
so I
$106,669
$310,001
$416,670

Reunion West
COMMUNITY DEVELOPMENT DISTRICT
Debt Service Fund Statement of Revenues & Expenditures
Series 2016
ForThe Period Ending December 31, 2018

REVENUES:
Special Assessments - Tax Collector Interest
TOTAL REVENUES EXPENDITURES:
InterestExpense 11/01 Principal Expense 11/01 Interest Expense 05/01
TOTAL EXPENDITURES
Transfer ln/(Out) OtherDebt Service Costs
TOTAL OTHER
EXCESS REVENUES (EXPENDITURES)
FUND BAIANCE • BegiMing FUND BAIANCE - Ending

ADOPTED	PRORATED
BUDGET	THRU 12/31/18

$549,750	$325,358
$0	$0
$549,750	$325,358

$196,706	$196,581
$145,000	$145,000
$194,078	$0
$535,784	$341,581
$0	$0
$0	$0
$0	$0
$13,966
$365,497
$379,463

6

ACTUAL
THRU 12/31/18	VARIANCE

$392

$325,358	$0
$392
$325,750	$392 1

$196,581	$0
$145,000	$0
$0	$0
$341,581	so I
$0	$0
$0	$0
$0	$0
($15,831)
$639,647
$623,816

Reunion West
COMMUNITY D EVELOPMENT DISTRICT

Debt Service Fund
Statement of Revenues & Expenditures Series 2017
ForThe Period Ending December 31, 2018

REVENUES:
Special Assessments -Tax Collector Special   Assessments    -   Direct I nterest
TOTAL REVENUES EXPENDITURES:
Special Call 11/01 Interest Expense 11/01 Principal Expense 11/01 Interest  Expense05/01
TOTAL  EXPENDITURES
Transferln/(Out) TOTALOTHER
EXCESS REVENUES (EXPENDITURES)
FUND BAIANCE - Beginning FUND BAIANCE . Ending

ADOPTED	PRORATED
BUDGET	THRU 12/31/18

$509,250	$306,942
$0	$0
$0	$0
$509,250	$306,942

$30,000	$30,000
$186,006	$186,006
$135,000	$135,000
$183,644	$0
$534,650	$351,006
$0
$0
($25,400)
$362,060
$336,660

7

ACTUAL
THRU 12/31/18	VARIANCE

$306,942	$0

$375

$0	$0
$375
$307,317

$30,000
$186,006
$135,000	$0
$0
$351,006	so I
$0	($0)
($0)1
($43,689)
$619,022

Reunion West
COMMUNITY DEVELOPMENT DISTRICT
Capital  Projects Fund
Series 201S
Statement of Revenues & Expenditures
For The Period Ending December 31, 2018

REVENUES:

Interest
TOTAL REVENUES EXPENDITURES:

Capital Outlay

TOTAL EXPENDITURES

Transfer ln/(Out)

TOTAL OTHER

EXCESS REVENUES (EXPENDITURES)

FUND BALANCE · Beginning

FUND BALANCE · Ending

ADOPTED BUDGET

$0

$0

$0
$0

$0
$0

$0
$0

$0

8

PRORATED THRU 12/31/18

$0

$0

$0
$0

$0
$0

ACTUAL
THRU 12/31/18	VARIANCE

$0	$0
$0

$0
$0 j
$0	$0
$0	so I
$0
$5
$5

Reunion West
COMMUNITY DEVELOPMENT DISTRICT
Capital Projects Fund
Series 2016
Statement of  Revenues & Expenditures
For The Period Ending December 31, 2018

REVENUES:

Interest

TOTAL REVENUES EXPENDITURES:
Capital Outlay - Construction

TOTAL EXPENDITURES

Transfer l n/(Out)

TOTAL OTHER

EXCESS REVENUES (EXPENDITURES)

ADOPTED BUDGET

$0

$0

$0
$0

$0
$0

$0

PRO RATED THRU 12/31/18

$0

$0

$0
$0

$0
$0

ACTUAL THRU 12/31/18

$0

$0

$0
$0

$0
$0

$0

VARIANCE

$0
so !

$0
so !
$0
so !

FUND BALANCE - Beginning	$0

FU ND BALANCE - Ending	$0

9

$66

$66

Reunion West
COMMUNITY DEVELOPMENT DISTRICT
Capital Projects Fund
Series 2017
Statement of Revenues & Expenditures
For The Period Ending Oecember 31, 2018

REVENUES:
Interest
TOTAL REVENU ES EXPENDITURES:
Capital Outlay - Construction Capital Outlay - Costs of Issuance
TOTAL EXPENDITURES

Transfer l n/(Out) TOTALOTHER
EXCESS REVENUES (EXPENDITU RES)

ADOPTED BUDGET

$0

$0

$0
$0
$0

$0
$0

$0

PRORATED THRU 12/31/18

$0

$0
$0
$0

$0

$0

ACTUAL THRU 12/31/18

$0

$0

$0
$0
$0

$0
$0

$0

VARIANCE

$0
so I

$0

so !
$0
so I

FUND BALANCE - Beginning FUND BALANCE - Ending

I	$0
$0

10 

$602

$602

Reunion West COD Month to Month
Oct	Nov	 	Dec	Jan	Feb	 Mar	Apr	May	June	July	Aug	Sept	Total

SRpeevceinaul Aesssessments - Tax Collector	$0	$65,616	$309,398	$0	$0	$0	$0	$0	$0	$0

SD	$375,014

Special Assessments - Direct	$112,247	$0	$0	$0	$0	$0	$0	$0	$0	$0	50	$112,247

$312	$0	$0	$0	$0	$0	$0	$0

$0	$0	SD	$312

IMnteiscreeslltanInecooumseRevenue

$1	$1	$1	$0	$0	$0	$0	$0	$0	$0	$0	50	$2

$309,399

Total Revenues	I	$112,560	$65,617
Expenses

$D	$0	$0	$D	$0	$0	$0	$0	$0	$487,5761

Supervisor Fees	$0	$800	$800

$0	$0	$0	so	$0	$0	$0

$1,600

Trustee Fee	$4,863	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$4,863

FICA	$0	$61	$61	$0	$0	$0	$0	$0	$0	$0	$0	$0	$122

Engineering	$0

$170	$0	$0	$0	$0	$0	$0	$0	$0	$0	$489

Attomey

$1,261	$1,675	$0	$0	$0	$0	$0

$0	$0	$0	$5,316

Arbitrage

Dissemination	$875	$625	$625	$0	$0
$0	$0	$0	$0	$0

$0	$0	$0	$0	$0	$2,125
$0	$0	$0	$0	$0	$0

Collection Agent	$7,500	$0	$0	$0	$0	$0	$0	$0	$0	$0

$0	$7,500

Management Fees

Property Appraiser Fee

$0	$0	$0	$0

$0	$0	$0

$0	$0	$0

Annual Audit	$0	$0	$0	$0	$0	$0	$0
$3,690	$3,690	$3,690	$0	$0	$0	$0	$0

$0	$0	$0	$0	$0
$0	$0	$0	$11,069

$13

Information Technotogy	$183	$183	$183	$0	$0

$0	$0	$0	$0	$0

$550

Telephone	$0

$6	$0	$0	$0	$0	$0	$0	$0	$0

$$00

Postage	$60	$65	$120	$0

$0	$0	$0	$0	$0	$0

$244

IPnrisnutirangnc&e Binding

$56

$8,540

$1	$51	$0
$0	$0	$0	$0

$0	$0
$0	$0

$0	$0
$0	$0

$0	$108
$8,540

legal Advertising	$688	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$688

Other Current Charges

$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$3,400

Office Supplies	$21	$0	$20

$0	$0	$0	$0

$0	$0	$0	$41

Travel PerDiem

$0	$0	$0	$0	$0	$0	$0	$0

$0	$0	$0

Dues, Licenses & Subscriptions	$175	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0

Total Administrative	I	$32,428	$7,0lZ

$0	$0	$0	$0

$0	$0	$0	$0	$46,8421

11 

Reunion West COD Month to Month
Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Total

Fietd Management	$2,609	$2,609	$2,609

$0	$0	$0	$0	$0

$0	$0	$7,828

Facility lease Agreement	$1,498	$1,498	$1,498	$0	$0	$0	$0	$0	$0	$0	$4,495

TElecetprihcone	$242	$242	$227	$0

$0	$0	$0	$0

$710

$15,069	$15,068	$14,990	$0	$0	$0	$0	$0
Water& Sewer	$1,519	$1,507	$1,446	$0	$0	$0	$0	$0

$0	$0
$0	$0	$0

$45,128

Gas	$178	$1,433	$1,170	$0	$0	$0	$0	$0	$0	$0	$0	$0	$2,781

Pool and Fountain Maintenance	$5,419	$7,258	$9,080	$0

$0	$0	$0	$0	$0	$0

$21,758

Environmental	$6ll	$115	$115	$0	$0	$0	$0	$0	$0	$0	$0	$0	$841
Property I nsura nee	$18,271	$0	$0	$0	$0	$0	$0	$0	$0	$18,271
Irrigatlon Repairs	$1,768	$375	$219	$0	$0	$0	$0	$0	$0	$0	$0	$2,362

Landscape Consulting	$1,430	$3,320	$2,978	$0	$0	$0	$0	$0	$0	$0	$0	$0	$7,728

lLaannddssccaappee C.Oconntrtinagctency

$23,796	$47,157
$19,223	$1,046

$253

$0	$0	$0	$0	$0	$0	$0	$0	$0	$101,530
$0	$0	$0	$0	$0	$0	$0	$0	$0	$20,522

Lighting	$0	$0	$0	$0	$0	$0	$0	so	$0	$0	$0	$0	$0

Gate and Gatehouse Expenses	$672	$1,375	$606	$0

$0	$0
$0

$0	$0	$0	$0	$2,654
$0

Roadways/Sidewalks	$462	$1,685

$0	$0

$0	$0	$0	$2,147

Pressure Washing	$2,552	$0	$0	$0

MSA Building Repairs	$1,707	$88	$0	$0	$0	$0	$0	$0	$0

$0	$0	$1,796

Maintenance (Inspections)	$0	$0	$29	$0

$0	$0	$0	$0	$0	$0	$0	$2,552
$0	$0	$0	$0	$0	$0	$0	$29

Pest Control	$0	$0	$0

$0	$0	$0	$0

$0	$0	$0

$425
$5,133

$713

Signage	$1,209

$0	$0	$0	$0	$0	$0	$0	$0	$0	$2,346

Security	$5,133

$5,133	$0	$0

$0	$0	$0	$0	$0	$0	$15,400

Irrigation System Operations	$0	$0	$0	$0

$0	$0

$0	$0

$0	$0

COntingency

$0	$0	$0	$0	$0

$0	$0	$0	$0

$79,047

Total Maintenance	I	$103,368	$90,336	$71,645	$0	$0

$0	$0	$0	$0	$0	$0	$265,3491

Total Expenses	I	$135,796	$97,347

$0	$0	$0	$0	$0	$0

---$0   -

$0	$312,191)

Excess Revenues (Expenditures)	I

($31,73D)	$23D, 351	$0	$0	$0	$0	$0	$0	$0	$0	$0

12 

REUNION WEST
COMMUNITY DEVELOPMENT DISTRICT
SPECIAL ASSESSMENT RECElm • FY2019

TAX COLLECTOR

Gross Assessments  $   3,536,875   $	659,nO    $    1,417,083	347,7]9   $	Sn,366    $	539,968
Net Assessments   $   3,324,662   $	620,136   $	326,B75  $	538,024   $	507,569

Gross	ZlllS	2017

2llD4-1	2016
Date	Assessments	Discounts/  Commissions:	Interest	Net Amount	General Fund Debt Svc Fund  Debt Svc Fund  Debt Svc Fund   Debt Svs Fund	Total
Received	Dist.	Received	Penalties	Paid	lntome	Received	18.65"	40.07%	16.18"	15.27"	100"

ACH       $	s	$	$     17,939.16	1,763.75    $	2,738.74		17,939.16$		$

ACH        $	$	$	$ 333,841.15	62,270.09	$	54,024.86 $ 50,966.85 $ 333,841.15

11/9/18	19,334.61	1,029.34	366.11	3,346.12   $     7,187.50	2,903.06

ACH        $   1,536,460.84    $	$	$	$   233,922.62  $	$ 1,445,501.10

11/26/18	354,848.46	14,194.23	6,813.08	$  133,756.69	32,822.65
12/10/18	61,459.72	29,500.02	1,445,501.10	269,623.71   $  579,1�.02	142,119.03	220,681.72
12/21/18	ACH     $     225,515.38    $   7,927.65	4,351.n   $	$  213,235.96	39,774.08   $    SS,435.05	20,964.97   $	34,507.56   $    32,S!t-4.30   $  213,235.96
1/11/19	ACH      $      115,711.12  $   3,797.66	2,438.26    $	$  119,475.20	22,285.25   $    47,868.90	11,746.SB   $	19,334.44    $      18,240.04    $  119,475.20

1/11/19	ACH     $	$	$	$	S09.60	95.0S    $	204.18

1/11/19	ACH     $	12,479.19    $       300.18	243.58   $	509.60    $       11,935.43	2,226.27    $       4,782.05	1,17S30..4170

$	1,931.49 $	1,822.16  $  11,935.43
$	82.47   $	n.BO   $	509.60

$	$	$	$	$	$	$	$
$	$	$	$	$	$	$	$

$

$	$$

$	$	$	$	$	$
$	$	$	$	$	$

$	$	$	s	$	$	$	$

$$	$$

$	$	$	$	$	$

s	$	s

$	$	$	$	$	$

$	$	$	$	$

$$	$

$	$	$	$	$	$	$	$

s

$	$	$	$	$

2,J74, )4� 60

$	$	$	$	$	$

Totals

$ 88,708.78	43,712.82	509.60 $ 2,142,437.60	399,620.57	8S8 388.38	ll0,6AO SS	346,]0(i.50	12'7>.0BI 60 $ 2.142.437.60

OFF ROLL ASSESSMENTS

REUNION APARTMENTS LLC	$112,247.00	$112,247.00

DATE
R4E/a'.13I/V1E8D	DUE
DATE
11/1/18	CHECK
NO.	NET
ASSESSED	AMOUNT
$  RE5C6E,I1V2E3D.SO	GENERAL
$    FSU6N,1D23.SO	
4/13/18
4/13/18	2/1/19
5/1/19	12593
12593	$	28,061.75
$	28,061.75	s$     28,061.75
28,061.75	$$     28,061.75
28,061.75	
			112,247.00	112,247.00	s 112.247.00	

13 

REUNION WEST SPE, LLC

OFF ROLL ASSESSMENTS
$7,276.00

$7,276.00

DATE
RECEIVED
1/30/19	DUE
DATE
12/31/18	CHECK
NO.	AS NET
SESSED
$	1,819.00	AMOUNT	GENERAL
RECEIVED	FUND
1,819.00 s	
3/31/19
6/30/19
9/30/19	s	1,819.00
$	1,819.00
$	1,819.00
7,276.00	s$	$$	-
$	s
$	

REUNION WEST SPE, LLC	$37,864.00

$37,864.(10

DATE
R1E/C3E0I/V1E9D	DUE DATE
12/31/18	CHECK NO.	NET
ASSESSED	AMOUNT
REC9E,I4V66ED.00	s	GENERAL FUND
9,466.00	
3/31/19
6/30/19	$	9,466.00	$	s	
9/30/19	$	99,,446666..0000	s	s	
	$	$	$	
	37,864.DD	s	$	
	
REUNION WEST SPE, LlC	$41,725.00	$41,725.00

DATE
RECEIVED
1/30/19	DUE
DATE
12/31/18	CHECK
24N0O7.9	AS NET
SESSED	AMOUNT	GENERAL
RECEIVED	FUND	
3/31/19
6/30/19
9/30/19	$	10,431.25
$	10,431.25
$	10,431.25	$s	$
$
$	$	
	5	41,7800	$ 10,431.00 $ 10.01,00	

REUNION WEST 5PE, 11.C	$32,668.00

$3Z,668.00

DATE
RECEIVED
1/30/19	DUE
DATE
12/31/18	CHECK
24N0O7.9	AS NET
SESSED
$	8,167.00	AMOUNT
RECEIVED	GENERAL
FU8N,1D67.00	
3/31/19	$	8,167.00	$	$	
				
9/30/19	8,167.00	s	$	
	$	s	$	
	$		

REUNION WEST II UC	$202,932.00

$20Z,932.00

DATE	DUE	CHECK	NET	AMOUNT	GENERAL
RECEIVED	DATE	NO.	ASSESSED	RECEIVED	FUND
1/30/19	12/31/18	24079	$	50,733.00 $ 50,733.00 $ 50,733.00
3/31/19	$	50,733.00    s	$
6/30/19	$	50,733.00    s	$	-
9/30/19	$	50,733.00  $	$
$ 202 93Z.00 $ 50,733.00 $ 50,733.00	

SUMMARY	
TOTAL DIRECT BILLED	GEN$E4R34AL,7F1U2.N0D0	
TOTAl RECEIVED	$ 142,130.00	
VARIANCE	$ 1292.582.00	

14 

S EC-	TION 4

llandownder

DReisutnriicotn East

Reunion East/West CDD Direct Billed Assessments for FY 2019

Product	Total O&M Total Debt	Total Due	O&M	Debt	Total	Paid

C35it-i2c5o-m27m-u4n8i8ti5e-sPRCL-OC30

 	$10,982	$14,992	$25,974

NFeobv	$2,744961	$7,496	$$162,,498974

TEosttoaplspel

$10,982	$14,992	$25,974

May	$2,746	$3,748

$3,748

$6,494

Total	$10,982	$14,992

$25,974

3LR5A-25O-R2LA7-4N8D8O5-LPLRCCL-OC30   4 MF

$1,848	$5,053	$6,901

FNeobv	O& M$924	Debt $2,527

Tota$l 3,451 Paid

11/5/18

TMoatyal

$462     	$1,,263	$1,,772255	1111/55/118

1E1H-O1F-15 Interest	$358,021	$153,228	$511,249	Nov

27-25-27-2985-TRAC-FD20 30 Comm/755 MF

$1,848
O&M 

Debt
$858,693

$6,901
Total	Paid

$909,846

3275--25--2277--24988955--TPRRCALC-·OFlDC3O0  21042C.2o9mCmo/m56mM/7F0/110M4FH/3o0te0l Hotel	$$4690,,894796	$1$,230576,,826952

$1$,469178,,27711

FMeaby

$22574,,496232	$429,346

$1$,361536,,681068 Paid 1/2/19

$1,717,385	$2,627,231	Tota l	$920279,86426	$1$,47_2197,34865	$2$,6267,,820381

DReisutnriicotn West

l RaenudnoiownnWdeerst SPE

Total O&M   Tota l Debt	Total Due

Dec

O&M	Debt	$0

Total	Paid

227--25-27-4927-0001l-SWFlCOlO

$$37,827646

$3$7,,826746

March	$29,,883

$0	$29,,883 Paid 1/30/2019

27--25-277--493257--0000011-·0SXFX20O	$32$,46617,7.2050 	

$$4312,676257

JSuenpetember	$229,883     	      $0	$29,883

2R2e-u2n5i-o2n7-W49e2st3-H0O0A01-00BO

$119,532.00	$0.00    $119,532.00	Total	$119,532	$0	$119 532

JSuenpetember	$50,,733.00	$0..00	$550,733.00

$202,932	$0	$202,932	DMeacrch	$50,,733..00	$0..00	$50,733..00 Paid 1/30/2019
Total	$202,932.00	$0.00	$202,932.00