Reunion West Community Development District

Agenda December 13, 2018

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

December 6, 2018

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, December 13, 2018 at 12:30 p.m. 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 November 8, 2018 Board of Supervisors Meeting and Acceptance of the Minutes of the November 8, 2018 Landowners' Meeting
Financing Matters
Consideration of Supplemental Engineer's Report
Consideration of Master Assessment Methodology Report
Consideration of Resolution 2019-03 Declaring Special Assessments
Consideration of Resolution 2019-04 Setting a Public Hearing for Assessments
Staff Reports
Attorney
Engineer
District Manager's Report
Action Items List
Approval of Check Registers
m.	Balance Sheet and Income Statement
Status of Direct Bill Assessments
Presentation of Arbitrage Rebate Calculation Report
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 November 8, 2018 Board of Supervisors meeting and acceptance of the minutes of the November 8, 2018 landowners' meeting. The minutes are enclosed for your review.

The fifth order of business is the Financing Matters. Section A is the consideration of the Supplemental Engineer's Report and Section B is the consideration of the Master Assessment Methodology Report. Both reports will be provided under separate cover. Section C is the consideration of Resolution 2019-03 declaring special assessments and Section D is the consideration of Resolution 2019-04 setting a public hearing for special assessments. Both resolutions are enclosed for your review.

The sixth 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 registers 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. Section 5 is the presentation of the arbitrage rebate calculation report for the Series 2004 bonds. The report 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.

Sincerely,

George S. Flint District Manager

Cc:	Jan Carpenter, District Counsel Steve Boyd, District Engineer

Enclosures

MINUTES

MINUTES OF MEETING REUNION WEST
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Reunion West Community Development District was held Thursday, November 8, 2018 at 12:47 p.m. at the Heritage Crossing Community Center, 7715 Heritage Crossing Way, Reunion, Florida.

Present and constituting a quorum were:
John Chiste Mark Greenstein Deborah Musser Carlton Grant
Also present were:
George Flint Andrew d'Adesky Steve Boyd
Alan Scheerer Daniel Baker

FIRST ORDER OF BUSINESS

Chairman by telephone Vice Chairman Assistant Secretary Assistant Secretary

District Manager District Counsel District Engineer Operations Manager ACP Communities

Roll Call

Mr. Flint called the meeting to order at 12:47 p.m.

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

THIRD ORDER OF BUSINESS	Organizational Matters
Administration of Oaths of Office to Newly Elected Board Members
Mr. Flint: Just prior to this meeting we held a Landowners' Election and Mr. Greenstein, Mr. Grant and Mr. Burman were elected.
Mr. Flint being a Notary Public of the State of Florida administered the Oaths of Office to Mr. Greenstein and Mr. Grant.

November 8, 2018	Reunion West COD

Consideration of Resolution 2019-01 Canvassing and Certifying the Results of the Landowners' Election
Mr. Flint: Resolution 2019-01 canvasses and certifies the results of the Landowners' election. We will fill in the resolution with the following: Mr. Greenstein 640 votes, Mr. Grant 361 votes and Mr. Burman 361 votes. The landowner casting the votes for Mr. Burman indicated that he would serve a two-year term of office.

On MOTION by Mr. Greenstein seconded by Mr. Chiste with all in favor Resolution 2019-01 was approved.

Consideration of Resolution 2019-02 Electing Officers
Mr. Flint: The statutes require that any time you have an election you consider officers and we provided Resolution 2019-02 that provides for a Chairman, Vice Chairman, Secretary, Treasurer, Assistant Treasurer and Assistant Secretaries. We can handle each office individually or if a Member of the Board wants to propose a slate of officers, we can handle it that was as well. Currently Mr. Chiste is the Chair, Mr. Greenstein is Vice Chair, Ms. Simmons is an Assistant Secretary, I am Secretary and the District Accountant Ariel Lovera is Treasurer.

On MOTION by Mr. Greenstein seconded by Ms. Musser with all in favor Resolution 2019-02 reflecting the following officers was approved: John Chiste Chairman, Mark Greenstein Vice Chairman, George Flint Secretary, Ariel Lovera Treasurer, Carlton Grant, David Burman and Deborah Musser Assistant Secretaries.
FOURTH ORDER OF BUSINESS	Approval of the Minutes of the September 13,
2018 Meeting

On MOTION by Mr. Greenstein seconded by Ms. Musser with all in favor the minutes of the September 13, 2018 meeting were approved as presented.
FIFTH ORDER OF BUSINESS	Consideration of Agreement with Applied
Aquatic	Management,	Inc.	to	Provide Aquatic Pond Maintenance Services

2

November 8, 2018	Reunion West CDD

Mr. Flint: The District has one pond that we are responsible for and the fee is $132 per month for an annual cost of $1,584. Applied Aquatic is the existing contractor and we recommend continuing with them for these services.

On MOTION by Mr. Greenstein seconded by Mr. Chiste with all in favor the agreement with Applied Aquatic Management, Inc. was approved.
SIXTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. d'Adesky: We just received word from the County that the expansion we have been proceeding with that was filed with the County will probably be placed on the January agenda. We have gotten all items necessary to them, that is the petition; they have a required interlocal agreement as well as the proposed form of adoption ordinance. We have given them all they need,they just have a lot of backup in terms of their reviews. We anticipate the first meeting in January for the expansion to be approved by the County then we would proceed with a bond issuance following that. At that time we will also have to proceed with the assessment proceedings.
Mr. Greenstein: Just for clarification that is the property adjacent to the existing Reunion West formerly known as the ridge property,just east of429 and north ofl-4.
Mr. d'Adesky: Correct. We will be working with the developer regarding certain conveyances, we know that certain tracts are complete and we are going through the plats and maps to make sure that we are receiving everything that we need to be receiving in terms of conveyance of open space tracts, stormwater tracts, drainage tracts that might need to come to the District. Once we verify that we have received everything in certain assessment areas we can actually close out those bond series and certify those as complete, which helps the District insofar as we get everything we need,it helps the developer insofar as they are off the hook for their completion obligations.
Engineer
Mr. Boyd: The signal is done but we don't yet have a punch list from the County. We received a request for final payment from the contractor and I recommend we withhold some retainage from that.

3

November 8, 2018	Reunion West CDD

Manager
Action Items List
Mr. Flint: The only two items on the action items list is the signalization and we have installation of neighborhood monuments.
Mr. Scheerer: Previous to last month's meeting myself and Mr. Greenstein met, reviewed all the locations, the monuments are being drawn up as we speak. Friday myself and Mr. Greenstein and the architect are going to meet and lay everything out and we will be calling for locates and try to get ahead of the actual installation of the monuments. I'm still being told they hope everything will be in by Christmas.
Approval of Check Register

On MOTION by Mr. Greenstein seconded by Ms. Musser with all in favor the check registers were approved.
Balance Sheet and Income Statement
A copy of the balance sheet and income statement were included in the agenda package.

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

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

EIGHTH ORDER OF BUSINESS	Supervisors Requests
There being none, the next item followed.

NINTH ORDER OF BUSINESS	Next Meeting Date
Mr. Flint: The next meeting is the second Thursday in December.

4

November 8, 2018	Reunion West CDD

On MOTION by Mr. Greenstein seconded by Ms. Musser with all in favor the meeting adjourned at 1 :00 p.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

5

MINUTES OF MEETING REUNION WEST
COMMUNITY DEVELOPMENT DISTRICT

The Reunion West Community Development District held a Landowners' Meeting on Thursday, November 8, 2018 at 12:30 p.m. at the Heritage Crossing Community Center, 7715 Heritage Crossing Way, Reunion, Florida.
Present were:
John Chiste by phone Mark Greenstein Jared Bouskila
Peter Brown Deborah Musser George Flint Andrew d'Adesky Steve Boyd
Alan Scheerer Daniel Baker Carlton Grant

FIRST ORDER OF BUSINESS	Determination of Number of Voting Units
Represented
Mr. Flint: I have been provided with three Landowner proxies naming Peter Brown as the proxyholder. The first one is Reunion Park Apartments, LLC representing 32 votes, next is Reunion West SPE LLC representing 26 votes, Reunion West Development Partners, LLP representing 222 votes. We have two proxies naming Carlton Grant as the proxyholder, one from Reunion Resort Assets, LLC representing 215 votes and one from LRA Orlando LLC representing 146 votes. We have a total of 641 voting units represented.

SECOND ORDER OF BUSINESS	Call to Order
Mr. Flint called the Landowners' Meeting to order.

THIRD ORDER OF BUSINESS	Election of a Chairman for the Purpose of
Conducting the Landowners' Meeting

November 8, 2018	Reunion West CDD

Mr. Flint: Would the proxyholders designate me as the Chair for purposes of conducting the Landowners' Meeting?
Mr. Grant: Yes.

FOURTH ORDER OF BUSINESS	Nominations for the Position of Supervisor
Mr. Flint: You have three seats up for election and the two seats that receive the most votes will serve four-year terms of office and the third seat will serve a two-year term of office, they are seats 3, 4, and 5.
I have a ballot from Mr. Brown nominating Jared Bouskila, Peter Brown and Mark Greenstein.
Mr. Grant nominated Carlton Grant, Mark Greenstein and David Burman.
There being no other nominations the nominations from the floor was closed.

FIFTH ORDER OF BUSINESS SIXTH ORDER OF BUSINESS

Casting of Ballots Tabulation of Ballots

Mr. Flint:	Mr. Bouskila received 280 votes, Mr. Brown received 280 votes, Mr.
Greenstein received 640 votes, Carlton Grant received 361 and David Burman received 361. Based on that Mr. Greenstein, Mr. Grant and Mr. Burman would be elected and the question would be whether Mr. Grant or Mr. Burman would be in the two-year seat.
Mr. Baker: Mr. Burman would be in the two-year seat and Mr. Grant will be in the four­ year seat.
SEVENTH ORDER OF BUSNESS	Landowners Questions and Comments
There being none, the Landowners' Meeting adjourned.

2

SECTION IV

Items A - D will be provided under separate cover

SECTION V

SECTt·ON C

SECTION	1

Reunion East

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

1

2	
3/14/11	
lrriQation Turnover	Developer		
On Hold	Issue on Hold Pending CUP Neciotiation	

3/16/17	

Allocation of 532 Costs	Scheerer/d'Adesky		

On Hold	Proposals from Yellowstone presented at August meeting. Counsel Sent Demand Letters for
Costs to Each Parcel Owner.	
	
1/11/18	Amendment to MSA to Incorporate Heritage Crossing Community
Center & Horse Stables	Resort/Flint		

In Process	
To be Discussed Further at December Meetinq	

3						

4	

8/9/18	Evaluation of Installation of a Transponder System for Reunion Property Owners Ease of Gate
Access	Scheerer/Cruz		

In Process	POA Approved Proposal with Access Control Technologies (ACT) and Will
Be Reaching Out for Contribution from District	

5

6

7	
8/9/18

8/9/18	Procurement and Installation of (5) LED Radar Speed Feedback Signs

Implementing Policies/Guidelines
Regulating Number of Guests at COD Property	
Scheerer		
Complete

In Process	

Sample Policies Were Sent to Board and Discussed at October Meeting. Counsel to Draft Sample Policies
More Taylored to Reunion.	

Flint/d'Adesky				
	
9/13/18	
Repair of Potholes on Sinclair Road	
Scheerer Boyd		
In Process In Process	Alan Contacted Osceola County and was Advised that No Work Projected to be Done Until Around December	
8	10/11/18	Evaluation of Speed Limit Signs					

Reunion West

1/11/18

Assigned To:

Action Item

Meeting Assigned

Item#

Date Due	Status	Comments
Monuments in Design Phase. Architech in Process of Trasmitting
Installation of Neighborhood	Plans to Osceola County for
1	Monuments	Scheerer	In Process Permitting.

revised 11/1/2018

SECTION 2

Reunion West
Community Development District
Summary of Check Register November 1, 2018 to November 30, 2018

Fund	Date	CheckNo.'s	Amount	
General Fund	11/2/18	1365	$	146,041.85	
	11/9/18	1366-1368	$	10,977.56	
	11/16/18	1369	$	7,119.51	
	11/20/18	1370-1372	$	3,666.39	
	11/26/18	1373-1376	$	16,384.12	
	11/30/18	1377-1378	$	604.74	
			$	184,794.17	
Replacement & Maintenance Fund	11/2/18	14	$	12,701.94	
			$	12,701.94	

Payroll	
NQvember 2018			
Carlton Grant III	50405	$	184.70	
Deborah Simmons	50406	$	159.70	
John Chiste	50407	$	184.70	
Mark Greenstein	50408	$	184.70	

$	713.80

$	19s,209.91 I

AP3* 00R	YEAR-TO-DATERAEUCCNOIOUNTWSEPSATY-GAEBNLERALPREPFAUNID/COMPUTER  CHECK  REGISTER	RUN   12/06/18	PAGE	1

AMOUNT

**	CHECK DATES 11/01/2018 - 11 /30/2018 *** 

BANK A GENERAL FUND

CHDEACTKE    VEND#	. . D. A. T. EINVOINEVO. I• C• E• .    . Y• R. EMXOPENDPSTEDATCOCT. #. . SUB	SUBCLASS  VENDOR  NAME

STATUS	AMOUNT	. • • • CHECK• . #• . . 

REUNION EAST CDD

11 /02/18   00029	11/ 02/18   1E1X0P2 2. 0D1U8E2T0O1 8R1 E1  A3U0G0--S2E0P7T0 01 -8 10100 

AQUATIC PLANT MGMT OCT1 8

11 /09/18 00035	10/31/18 173 2 12	201810 320 -538 0 0-47000 
10/31/18 173212	201810 300-13100-10100 

*	146 , 041. 85
-  -  -  -  - -  -  - -  -1 -46-, 04-1-. 8-5   001365 
*	58 . 08
*	73 . 92

AQUATIC PLANT MGMT OCT18	APPLIED AQUATIC MANAGEMENT , INC .
11 /09/18   00036	10/31/18  DDUUKKEE-DEUNKER2G0Y1 8#059 4 53 21 20 -259338 0 01 -43000 
10/31/18 DUKE-DUK  201809 320-53800-43000 
DUKE ENERGY #64321-61161 
10/31/18  TOTHOOHO-TMOHETE2R0#1 84 0990 0 352501 -4 5S3E8P0 01 8-43100 

-  -  - -  -  -  - -  -  -  -  -1-32 -. 00- 188 . 72 

*

*	621 .01 
*	310 .01 

001366 

-  - -  -  - -  -  -  - - - -  -  -  -  -  -  -  -  -  - - -  -  -  - -R-EUNION  RESORT 11 /09/18 00041	9/30/18 10 182018 201809 310-51300-32300 

-  -  - - -  -  -  -  -  - -1 -, 1 -19 -. 7 -4   001367 

*

4,862 .9 1

FY18 TRUSTEE-SER. 2004-1 
10/18/18   1F0 Y1 8129 0T1R8US2T0E1E8-1S0ER3 1. 20 -0 0541-3 01 0-32300 

*	4, 862.9 1
-

9,7 25 . 82 001368 

- - - - - - - - - - - - - - - - - - - - - - - - - - -U-S BANK
11 /16/18   00020	11/01/18   4M3A0NAGEMEN2T0 1F8E1 E1 S-3N1 O0-V5181300-34000 
11/01/18   4 I3N0FORMAT2IO0N1 8T1E1CH3-1N0O-V51 8300-35100 
11/01/18   4 D3 I0SSEMINA2T0I1O8N1 1-NO3V1 01 -8 51300-31300 
11 /01/18  4 O3 F0 FICE  SU2P0P1L8 I1E1S 310-51300-51000 

- - - - - - - - - - - - - -
*	3,689 .50
*	183 . 33
*	625 . 00

. 33

*

11 /01/18   4P3O0STAGE  201811   31 0-51300-42000 

*	4.5 1

11/01/18 430	201811 31 0-513 00-42500	*	1.2 0

11 /01/18   4C3O0 PIES	201811   310-51300-41000 

*	6. 31 

TELEPHONE
11 /01/18   4F3I1ELD  MAN2A0G1E8M1E1N3T2-N0 O-V5 31 8

0 -12000 

*	2, 609 . 33

7, 119 .51 001369 

-  - -  -  -  -  -  -  -  -  -  -  - - -  -  -  -  - - - -  -  - - - -GO-VERNMENTAL  MANAGEMENT  SERVICES 11 /20/18   00012	11/09/18   1A7 R3 5BI4TRAGE2 0S1E8R0290 03 410-51300-3 1400 
GRAU & ASSOCIATES
REUW REUNION WEST	TVISCARRA

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

*

600.00
600 . 00 001370 

BANK A GENERAL FUND

#

A*P* *3 0C0RHECK  DATES   11/01/2018   -   11 /30/201Y8EAR** *-TO-DATERAEUCCNOIOUNTWSEPSAT-YAGEBNLERAPLREPFAUNID/COMPUTER  CHECK  REGISTER	RUN   12/06/18	PAGE	2

CHDAECTEK    VEND#	. . D• A• T• EINVOIINCVEO• I• C• E• •   • Y. R. MEXOPENDSPETDATCOCT. #. . SUB	SUBCLASS  VENDOR  NAME	STATUS

AMOUNT

A. M• O• U• CNHTECK • • • . • 

11 /20/18   00043	11 /16/18   8 D3 2E5C9/DISBU2R0S1E8ME10NT3 /1M0T-G51300-3 1500 
11/16/18   8R3 2EV6 0/REVIS2E0 1E8X1P0ND31P0E-T5 1IT3 0IO0N-3 1500 
- - -  -  - -  -  - -  - - -  - -  -  -  - -  -  - - -  - - - - -LA-THAM, SHUKER, EDEN  &   BEAUDINE , LLP 11 /20/18   00005	10/31/18   2N0O4T0 1. B7O4 0S/L2A0N1D8O1W0NE3R1 0 -8 /5 11 380/01-1 48000 
- -  - - - - - -  - - - - - - - - - - - - - - - - - - -OR-LANDO  SENTINEL        11 /26/18 00031	11 /26/18 11262018 201811 300-20700-10000 

*	44 .49
*	2,334 . 40
-  - -  -  - - -  - - -  -2-,3 -78 -. 8 -9   001371 
*	687 . 50
-  -  -  -  -  - - - - - - -6-87 -.5 -0   001372 
*	8, 717.54

- - - - - - -

F Y-18  DEBT  S-ERV  SER20-04 --l	REUNION  WEST  C/0  USBANK

- - -

8,7 17 . 54 001373 

-	- - - - - -

- - -

- - - -

- - -

*	- - - - - - - - - - - -

11 /26/18   0003 1	11 /26/18   1F1Y2 61 28 0D1E8BT2 0S1E8R1 V1 IC3E0 0S-E2R027 0 01 5-10400 
- - - - - - - - - - - - - - - - - - - - - - - - - - -RE-UNION WEST
11/26/18   0003 1	11 /26/18   1F1Y2 61 82 0D1E8BT2 0S1E8R1V1 IC3E0 0S-E2R027 0 01 6-10500 

C/0  U-SB-AN-K- - -

-  - - - -	*

2, 139 .20
-  - -  -  - - -  -  -  -  -2 -, 1 -3 9-.2 -0   001374 3,547 . 62

- - - - - - - - - - - - - - - - - - - - - - - - - - -RE-UNION WEST C/0 U-SB-AN-K	*

-  - -  -  -  - - - - - -3 -, 5-47 -. 6 -2   001375 

11 /26/18   00031	11 /26/18   1F12Y6128 0D1E8BT2 0S1E8R1V1 IC3E00 -SE2R027 01-7 10600 

C/0 USBANK

1, 979 .76

REUNION WEST
11/30/18 00051	9/04/18 2007	201808 310-51300-3 1100 

- - - - - - - - - - -

- -  -  -  -  -  -  -  - -  -1 -, 9-79 -.7-6   001376 
*	544 . 62

CDD MTG/REV . DEVELOP APP .

BOYD CIVIL ENGINEERING

- - - - - - - - - -

544 . 62 001377 

FEDEX

11 /30/18   00011	11 /13/18   6 D-E3L67IV-E9R4Y2 01 11 /80131 / 31 810-51300-42000 

*

TOTAL FOR BANK A TOTAL FOR REGISTER

60 . 12

184,794. 17
184,794.1 7

60 . 12 001378 

REUW REUNION WEST	TVISCARRA

BANK C REPLACEMENT & MAINT

A*P*3*0C0RHECK  DATES  11 /01/2018  -  11 /30/201Y8EA*R*-*TO-DATERAECUCNOIUONTWSEPSATY-ARB&LME  PREPAID/COMPUTER  CHECK  REGISTER

RUN 12/06/18 

PAGE	1

CHDAECTKE    VEND#	. . D. A. T. EINVOIINCEVO. I. C. E. .   . Y. R. MEOXPENDPSTEDATCOCT.#. . SUB	SUBCLASS  VENDOR  NAME	STATUS

AMOUNT

A• M. O. U. NCHECK . . #. . . 

REUNION EAST CDD

11 /02/18  00001	11 /02/18  1E1X0P2 2. 0D1U8E2T0O1 8R1E1  A3U0G0 --S2E0P7 T001 -8 10100 

REUW REUNION WEST

*

TOTAL FOR BANK C TOTAL FOR REGISTER

TVISCARRA

12 ,7 01 .94

12 ,7 01 . 94
12, 701 . 94

12 , 701. 94 000014 

SECTION	3

This item will be provided under separate cover

SECTION 4

District
-Reunion East

Reunion East/West CDD Direct Billed Assessments for FY 2019

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

Oticommunities

IL.andownder

35-25-27-4885-PRCL-000

NFeobv

$2,,744961

$37,,474968

$1$26,,948947

TEosttoaplspel

 	$10,982	$14,992	$25,974	May	$2,746

$6,494

$3,748

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

L3R5A-2O5-R2L7A-4N8D8O5-LPLRCCL-OC30   4 MF

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

O& M$924

Debt $2,527

Tota$l 3,451  Paid

11/5/18

TMoatyal

$4622	$1,,2263	$1,,725	1111/5/18

2E17H1--O215-F1-527In·2t9e8re5s-tTRAC-FD20   30 Comm/755  MF	$358,021	$153,228	$511,249	Nov

$1 848	$5 053
O&M	Debt	Total	Paid

3257·-25--2277-·4298895--TPRRACLC--OFlDC3O0  21402C.o29mCmo/m56mM/7F0/110M4FH/3o0te0l Hotel	$4$690,897496	$1$,230576,,826952	$1$,649187,,277111	FMeaby	$22574,,496232	$482598,,364963	$1$,635136,,860168

$909,846	$2,627,231	Total	$92079,844662

$1$,472197,,38456

$2$,65267,20381

RDeisutrniicotn West

ILRaenudnoiownnWdeerst SPE

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

2277-·25-27--4927-·0001-SWF1C0l0

$3$77,,827646	$3$77,,827646	DMeacrch	$29,,883	$0	$29,883

27·-225-227-4493]5-00011--0SFX2X00	$32$4661,77.0025

$321,,667257

JSuenpetember	$29,,883

$$00

$29,883

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

$53,971.25

2R2e-u2n5i-o2n7W-49e2st3-H0O0A01-00B0

$215,885	$0	$215,885	DMeacrch	$53,9711..25	$0..000
JSuenpetember	$53,971.25	$0.00

,  7 .2

$53,971.25

$53,971.25

Total	$215,885.00	$0.00	$215,885.00

S ECTl·ON 5

REUNION WEST COMMUNITY DEVELOPMENT DISTRICT
$57,560,000, SERIES 2004, WHICH HAVE BEEN TRIFURCATED INTO THE $1 6,905,000, $40,405,000, AND $250,000
SPECIAL ASSESSMENT BONDS,
SERIES 2004-1 , SERIES 2004-2, AND SERIES 2004-3 ARBITRAGE REBATE REQUIREMENT
JU LY 31, 2018 

Grau & Associates
CERTIFIED  PUBLIC ACCOUNTANTS

November 1, 201 8

Reunion West Community Development District Osceola County, Florida

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

Re: $57,560,000 Reunion West Community Development District (Osceola County, Florida), Special Assessment Bonds, Series 2004 , which have been trifurcated into the $16,905,000, $40,405,000, and $250, 000 Special Assessment Bonds, Series 2004-1 , Series 2004-2, and Series 2004-3 Bonds (the "Bonds")
Reunion West Commun ity Development District has requested that we prepare certain computations related to the above-described Bonds for the year ended July 31 , 201 8 ("Computation Period"). The engagement consisted of the preparation of computations to be used to assist in the determination of the amount, if any, of the Rebate Requirement for the Bonds for the Computation Period as described in Section 148(f) of the Internal Revenue Code of 1986, as amended ("Code"). You have the ultimate responsibility for your compliance with arbitrage rebate laws; therefore, you should review the calculations carefully.
In order to prepare these computations, we were provided with the following information: various trust statements and the amended and restated first supplemental trust indenture for the Bonds. We did not verify or otherwise audit the accuracy of information provided to us by you or the Trustee, and accordingly, we express no opinion on such information. The attached schedules are based upon the aforementioned information provided to us. A brief description of the attached schedules is attached.
The results of our computations based on the information provided to us indicate a negative Rebate Requirement of ($3,446,21 5) for July 31 , 201 8. Consequently, our results indicate no amount must be on deposit in the Rebate Fund.
The Rebate Requirement has been determined as described in the Code and the Arbitrage Rebate Regulations. We have no obligation to update this report because of events occurring, or information coming to our attention, subsequent to the date of this report. It is understood that these calculations are solely for the information of, and assistance to, the addressee for the purpose of complying with the Code and the Arbitrage Rebate Regulations. Our report is not to be used for any other purpose.

Grau & Associates

DESCRI PTI ON OF ATTACHED SCH EDULES

Summary of Rebate Calculations - Provides a summary of the rebate calculations.
Purpose Expenditures Future Value Report - Verifies the rebate calculation. The report future values the purpose expenditures by the arbitrage yield limit to the computation date (July 31 , 201 8).

Arbitrage Yield Limit (AYL) Verification Report - Verifies the calculation of the arbitrage yield limit and the arbitrage gross proceeds. Discounts the debt service schedule by the arbitrage yield limit.
True  Interest  Cost  (TI C) Verification  Report  -  Verifies  the  calculation  of  the  true interest cost and the gross proceeds. Discounts the debt service schedule by the true interest cost.

Unspent Proceeds Report - Verifies the amount of unspent proceeds. Lists purpose expenditures in chronological order.
Internal Rate of Return {IRR) Report Via Purpose Expenditures - Verifies the internal rate of return for the investment portfolio. This report presents values the purpose expenditures by the internal rate of return to the delivery date.

Reunion West Community Development District Special Assessment Bonds, Series 2004 -Trifurcated Summary of Rebate Calculations
$ 57,560,000.00

Dated:
Delivered:

08/01/2012
08/01/2012 

/l11ui11crrary Date. .. . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . .	11101 /2012 	
Future- T/a/ue Date. . , . . . . , . . . .. , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	07/31/2018 	
Arbitrage Yield Limit.• . . . . . . . . • . • , . . . . , . , , . . . . . . . . . . . . . . . ; . • . . . , . . . .	6.251 3383	
Total�/Pmpose Expendit,ms. . . . . . . . . . . . . . . . . . . . . . . . . • . . . . . . . . . . . . . . . . 	$56,908,938.00	
Iniernal .Rate ofRr:tun1.. . . . . . . . . . . . . . . . . . .• . . . . . . . . . . . . . . . . . . . . . . . . . . .	0.0420872	
9·0°·.lo  o?[rebat· e·· ,,.zabtt''t!J'  . . . . . . . . . . ......... ........ . . , . . . . . . . . . . . . . . . . . .	-$3, 101 ;593,41	
Full rebate. liabdify. . . . . . . , . . . . . . , . . . . . . , . . . . . • . . . • • . . . . . . • .  	• 	-$3,446,21 4.90	

REUNIONW04T-2012-A I FY: 1 )Mun,EaseElevalElMainDb 1 16.95.f EOB J 11 /0112018 1 15:�3 I Rpt22
Grau & Associates
Grau & Associates CPAs

Page	1

Reunion West Community Development District	Dated:	08/01 /2012
Special Assessment Bonds, Series 2004 -Trifurcated	Delivered.'	08/01/2012
Purpose Expenditures Future Value Report	Future Valrm/ 1�:	07/31/2018 
$ 57,560,000,00

FV

Tramattion	Group   F1md	Ft,ttm Va/11e  Calc11/ation Amt	FV
Date	ID	ID	Veicription	Penods	(l_nt. HamingJ)	Pool %	 	Factor		Amo1111t
8/1/2012	•I	COi	Beg. Arbitrage Gross Procellds	12.0000000	-57,560,000:00  I00.0000000 l.4.467762	-83,276,4}7.76
.8/21/2012	 0	 Remcd Exp	 p 8888889		•759,574.00	 I00.0000000   14418370		·1,095J&lJ!7 &lll/2012	0	Bond Trifurcation	11 .8888889	-14,715.45:2;00	1 00.0000000 L4418l7Q	64;472,)9l.74
8/21/2012	0	cor	11 .8888889	1 5,000:0o    100.0000000   1.441 8370	2i ,627.55
8/22/2012	0	COi	.11.8833333	35,000;00   100.0000000 1 .4415905	50,455.67
8/27/2012	0	COi	U.8555556	62,291 .00	l00.0000000 1 .4403585	89,721.37
8128/20 1.2	0	COi	U.8500000	37,025,00 l 00.0000000 1 .4401122	53.;.320.16 
10/4/2012	0	Reserve 2004-1	11 .6500000	-5.00	!00.0000000   I 4312747	-7.16 
11/19/2012	0	Ren\cd Exp	11 .-1000000	1,733.00	1 00.0000000  1,4�3039	2,46L39
1 1/21/2012	0	Remed Exp	1 1.3888889	6,294.00	100.0000000  .1 4198183	8,936.34
Jt/21/201:Z	0	C'OI	ll.3888889	10,000.00	1 0.0.0000000 L4 198l83	14,198.18
l2/1 4/20T2	0	COi	ll .26l l l.ll	25,534.00	1 00.0000000 1.4142454	36,111.34
12/19/2012	0	Remed Exp	l 1.2333333	1 3,061.00 1 00.0000000 1.4130369	18,455.67
1/15/2013	0	CO[	ll.0888889	6,338.00	100.0000000  l .4Ci67688	8,916.lO
4/1 0/2013	0	Remed Exp	10.6166667	27,414.00	100.0000000  l.3864705	38,09L89
5/7/.2013	0	Remed Exp	10 4666667	134,729 00	100.0000000 1.3800843	185,937.38
6/.18/2013	0	Remed Exp	10 2388889	11 ,88 LOO	1 00.0000000 1 .3704430	1 6,282.23
6/26/20i3	0	Remed Exp	l0. 1 944444	6,453.00	I00.0000000 l.3685696	8;831.38
7/23/2013	0	Reined Exp	1 0.0444444	655:00	100.0000000   1.3622659	892.28
7/25/2013	0	Rctned Exp	10.0333333	-1 6,544.00	1 00.0000000 l.3618001	-22,529.62
8/19/2013	0	Rerned Exp	9.9000000	3,395.00	1 00.0000000 1.3562230	4,604.38
l 0ll5/20J3	0	Reined Exp	9.5888889	-58,570.00	100.0000000  1 .3432986	-78,677.00
1 0/2812013	0	Remed Exp	9.5166667	55,483.00	100.0000000 1.1403159	74,364.75
l l/l/2013	0	Reserve 2004- 1	9.5000000	1,071.00  I00,0000000  1.3396286	l,434.74
ll/6/2013	0	Remed Exp	9.4722222	20;1 50.00    100.0000000   1.3384838	26,970.45
1 1119/2013	0	Remed Exp	9:4000000	22,276.00	100.00000.00  l.3JS5ll8	29,149:86
12/9/20 13	0	Remcd Exp	9.2888889	1 20.00	100.0000000   .1.3309524	1 59)1
[211 9/201.3	0	Rcmed Exp	lJ.2333333	7,547.00	1 00.0000000 1 .3286786	J0,027. 54
1)./26/2013	0	Remed.Exp	9. 1944444 .	1 5,925.00    I00.0000000   1'3270892	21,133,90
l/3 l/2014	0	Rcrneil Exp	9.0055556	-2,600.00	100.0000000 1 .3193963	·3,430.43
4/25/20.14	0	Remed Exp	8.5333333	9,425:00	100.0000000   l.3003588	12;255.88
5/1/2014	0	Reserve 2004- 1	8.5000000	51 .00	1 00.0000000  l.2990253	66.25
5/21/2014	0	Rented Exp	8.3888889	35,636.00    l00.0000000   1 .2945905	46;n.i. 03
5/21/2014	0	COi	8.3888889	3,943.00 l00.0000000 1.294590.5	5,104.57
8/1 4/2014	2015	llenii:;d E;i;p	7 9277778	22,137.00    100.0000000   1.2763473	28,254.50
8/20/2014	2015	Reme!I Exp	7.8944444	3,092.00	I00.0000000 l .2750385	3,942.42
8/22/20 14.	2015	Rcmcd Exp	7.8833333	9;890.00	l00:0000000   1.2746025	12,60f82
l t.13/20i4	20 15	Rc:s.:rv.: 2004-1	7 488888()	75,00	I 00.0000000   l.2592221 	94.44

1 1/20/2014	· 2015	Rc:ined Exp

3 1,833.00 100.0000000 Li555670	39,968.47

1 2/lS/2014	2015	RemedExp	7.2.555.5.56	19,589.00    I 00.0000000   1.2502113	24,490.39
1 212�014	2015	R'emed Exp	7. 1 944444	-4,754.00	1 00.0000000 1.2478620	-5,932.34
2/18/2015	2()15	Remed Exp	6.905555.6	1 4;250.00	1 00.0000000 1.2.368 158	1 7,624:63
4/14/2015	20 15	Rcnied Exp	6.5944444	4,685.00  100.0000000 l.2250293	5,739.26
5/1/2015	2015	Resc:rve 2004."l	6 5000000	68.00	100.0000000   1 .2214735 	83.06
.5/19/2015	2015	C:onstructii>n	6.4000000	4,695,000.00    !00.0000000   l.2'117199	5,717,194.74

REU.NIONW04T0201 2'A I  .FY: 1 I Mun-EaseEleyateMainDb f 16 95f EDB f 11/01/2016 f 1 5:33 j Rpt15a
Grau & Associates
Grau & Associates C PAs	Page	1

Reunion West Community Development District	Dated:	08/01/2012	
Special Assessment Bonds, Series 2004 -Trifurcated	Delivered:	08/01/2012 	

Purpose Expenditures Future Value Report
$ .57,560,000.00

Tranractio,1	Gro11p   Fund

Future Value

<:Olm/a/ion Amt

F11/11re Volmd To:

FV

07/31/2018

FV

5/21/2015	2015 	Rcmed l:xp	6.38R8�89	1,377 00	100.0000000	1.2173035	.l.,676.23	
6/:312015	201 5	Reqicd Exp	6.3222222	<J,405.00	1 00.0000000	1.2148083	11;425·.27	
6/16/2015	2015	Rcmed Exp	(>.2500000	9,500:00	IOQ.0000000	1.2121 109	il,515.05	
6/26/2015 	2015	Construction	6. 1.944444	7,278,:�9LOO	100.0000000	l.iI004QI	8,807, 145. 18 	
8/6/2015	2016	R.:mcd Exp	5.9722222	-3LOO	I 00�0000000	1.2017922	-37,26	
8/14/2015 	2016	Remed Exp	5.9277778	55,854.00	1 00.0000000	l.2001494	67,033.14	
1 0/16/2015	2016 	Remcd F.xp	5 5833333	17,493.00	1 00.0000000	1.1874933	20,772.82	
3/21120i6
3/24/2016 	2016 
2016	Remed F,.xp
Remed Exp	4.7222222
4. 7055556	10,000:00
14,380.00	1 00.opooooo
100:0000000	1.1 564341
1.15584H	ll,564:34	
3/24/2016	2016	Remed Exp	.00S5556	236,920.00	1 00.0000000	1. 1 558411	273,841.87	
S/2/2016	2016	Reserve		1 1.,022.00	100.0000000	1. 1483552	12,65'7.17 	
S/5/2016 	2016	Rented Exp	4.4777778	-7 00	100.0000000	Ll47766J	-8.03	
6/1 7/2016 	2016	Remed Exp	4.2444444	13,569.00	100;0000000	1. 1 395531	1S,462.60	
SiJ/2018	2018	Reserve	0.5000000	6,253.00	1 00.0000000	1 .01 55081	6,349..97	
5/2/20.18	2018 	Rcscrvc	0.4944444	718.00	1 00.(iOOOOOO	1.0153345	729.01	
6/4/2018	2018	Rcser\'c	0.3166667	77S.OO	1 00.0000000	1 .009794 1	782.59	
7/3/2018 	2018 	Reserve	0. 1555556	805 00	100.0000000	1.0047992	SOS.86	
7/l i/2018	·I	Tlnspent Proceeds as of0?/3 1/2018 	0.0000000	669,007 00	1 00. 0000000	1 .0000000	669,<i07.00	
				17,945.00			-J,446,214..90	

Datt	ID	ID	Destdpti1J11	Periods

(illt. namings)

Pool %	Factor

.A,noiin!

16,620.99

4.4944444

Arbitrage J:ield limit (AYL) , • , •.•.... . • ... Internal Rare ofRetum (IRR) • ...• .. •••...•. Future Valued To.. .... .••..• • . , • • •• .. 

REVNIONW04T-2012-A I  FY: 1 ! Mun-Easel:levateMainDb I 16,951 EDB I 11/01!201.8. 1 1 5:33 I Rpt15a
Grau & Associates
Grau & Associates C PAs

6:2513383
0.0420872
7/31/2018

Page	2

Reunion West Community Development District	Dated:	08/01./201 2	
Special Assessment Bonds, Series 2004 -Trifurcated	Delivered:	08/01/2012 	
A.Y.L. Verification Report	MSRB  30/ :160 SBMJ 413
57 ,560;000.00

Period	Co1(j)1Jn
Date	Pri11cipal
P11y111eni	C.011po11
Rat,	Interest
Pqym.ent	Cm/. Rnh./
Sinking Fund A4f.	Periodic Deb/ Sen,ice	Present Va/J1e
l•a,ror	/)iJcol{nte.d
Debi Service	
1	l l/01/2012	1,930,000.00	6.250	899,375.01		2;829,375.01	o.9. 847287	2.786,l�.87	
2	05/01/2013	1,030,000.00	6,250	1,738,437.50		2,768,437.so	0.9548823	2,643,531 .89	
3	1 1/01./2013			1.706,250.00		1,706,250.00	0,9259404	1,579,885.87	
4	05/01/20 14	1,095,000.00	6.250	1;706,250:00		2,801 ,250.00	0.8978758	2,515,174.62	
5	ll/0112014			1,672,031 .25		1 ,672,031.25	0.870661 8	1,455,773.74	
6	OS/Ol/2015 	1,165,000.00	6.250	1,672,031.25.		2,837,03 1 .25	0.8442726	2,395,227.85	
7	1 1101/2015			1 ,635,625.00		1 ,635,625.00	O.gl86�3	1,339,058'.88	
8	05/0.1/20)6	1,235,000.00	6.250	1 ,635,625.00		2,870,625.00	0.7938696	2,278,901.83	
Cj	p/OJ/2016 			1,597,03 1 .25		i,597,031.25	0.7698079	1,229,407.30	
10	05/01 /2017 	1,31 5,000,00	6.250	I ,597;03 1.25		2,9I2,031 .25	0,7464756	2,113,160j 6	
II 	11/01/2017 			1,555,937:50		1,555,937.50	0.7238504	1 ,.126,265.97	
12	05/0f/2018 	1.,405,000.00	6.,250	1,555,937.50		2,960,937.50	0.70l9tlo	2,078,314.54	
13	ll/01/2018 			l,Sl2,03 L2:i'		1,5 12,03 1 .25	0:6806365	1 ,029,HJ.71	
14	05/01/2019	1,490,000.00	6.250	1,51 2,031 .25		3,002,03 1 .25	0.6600069	1,981 ,361 .34	
	1 1101/2019			1,465,468.75		1,465,468.75	0.6400025	937,903.72	
16	05/01/2020	1,590,000.00	6,250	l,465,468.75		3,055,468.75	0.6206045	1,896,237.64	
17 	11 /01/2020			1,415,781 .25		1 ,415,78 1 .25	0,6017944	852,0�.22	
18 	05/0 1/2021	1,690,000.00	6.250	1 ,41 5,78 1.25		3,105,781.25	0.5835544	1;812,392.36	
19	I 1 /01/2021			1 ,362,968.75		1,362,968.75	0 5658673	771 ,259.41	
20	05/01/2022	1,800,000.00	6.250	1 ,362,968.75		3,1 62,968.75	0.5487162	1,735,572.26	
	1 1/01/2022			1,306,718.75		1,306,718.75	0.5320850	695,285.45	
22	OS/0112023	1,915,000.00	6.250	1,306,718.75		3,221,71 8.75	0.5.159579	1,662,271.14 	
23	'I 1/01/2023			1 ,246,875.00		1 ,246,875.00	0.5003195	623.835.92	
24	05/01/2024	2,040,000.00	6.250	l,246,87fOO		3,286,875.00	0.485 1 552	1,594,644.46	
25	1 1/01/2024			1,183,125.00		l,183, 125.00	0.4704505	556,60i.7l	
26	05/01/2025	2,1 70,000.00	6.250	1,183,125.00		3,353,125.00	0.45.61914 	1,529,666.89	
27	il/01/2025			l,US,312.50		1,1 15,3 12.50	0.4423646	493,37<1.74	
28	05/0112026	2,3 10,000.00	6,250	i,1 15,312.50		3,425,312.50	0.4289568	1,469,31 i.11 	
29	11/01/2026			1 ,043, 125.00		1,043,125.00	0.4159554	433,893.49	
30	05/01/2027	2,460,000.00	6.250	1 ,043,125.00		3,503,125.00	0.4033481	1,412,978.78	
JI	1 1/0112027			966,2.SQ.OO		966,250.00	0.3911229	377,922.48	
32	05/01/2028	2,620,000.00	6.250	966,250.00		3,586,250.00	03792682	1,360,(50.63	
33	1 1/01/2028			884,375.00		884;375:00	0.3677729	325,249.1 I	
34	05101/2029	2,790,000.00	6.250	884,375.00	3,674,375.00	0.3566259	1,310,377.31	
35	l l/01/:2029			797,187.50	797, 187.50	0.3458168	275,680.84	
36	05/01/2030	2,970;000.00	6.250	797,187.50	3,767,187.SO	0.3353353	1,263,271 .11 	
37	1 1/0112030			704,375,00	704,375.00	0.3251716	229,042.7 1	
	05/01/203 1	3,lb0,000.00	6.250	704,375,00	3,864,375.00	0.3153158 	1,218,498.59	
39	1 1/01 /203 1			605,625.00	605,625.00	0.3057588	185,175.18 	
40	05/01/2032	3,365,000.00	6.250	.605,625.00	3,970,625.00	0,2964915 	l,177;256.46	
41	1 I/OL/2032			500,468.75	500;468.75	o;is1so50	143,88728	

.fll:UNIONW04T-201 2:A j   FY: 1 1 Mun-E:aseEtevateMain.bb ( 1 6.85f EDB ( 11/01/:2018 I 15:37 l Rpt01h
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Grau & Associates CPAs	Page	1

Reunion West Community Development District
Special Assessment Bonds, Series 2004 -Trifurcated
A.Y.L. Verification Report

Dated: Delivered:

08/01/2012
08/01 /2012

57,560,000.00

ivfSRB JOI360 SEMI4/3

Period
42
43
44
45
46

48

<:o11po11	Ptincipal	Co1ipo11
Dale	Pay11e11t	Rate
05/01/2033	3.580,000.00	6250
1 1/01/2033
05/01/2034	3;810.000.00	6.250
I 1/01/.2034
05/()1/2035	4,055,000.00	6.250
.1 1/01/2035
05/01/2036	4,570,000.00	6.250
57,560,000.00

True lnleresl Cost ([IC). .... 
Nef/lllerest Cost (NIC). . . . . .... , , .. ... 
Arbitrage Yield limii (AYL) . . . . . . .
,trbitrage Net interest Cq.rl (A ;VJC) . . . . 

Interest P,:ryment
500,46.8.75
Jli!l,593 15
388,593 7-5
269,531 .25
269;531 25
142;812.50
142,812 ,50
52,792,812.Sl

6.2513383
6.2500000
6.2513383 ij.2500000

Cml J.:.nh./		Pen'odic	Present Value Sinking ri111d Adj	DebtSc,-vkc		Factor
4,080;468:75	0.2787909
388,593.75	0.2703410
4, 198,593.75	0.2621471 
269,53 1 .25	0.2542016
4,324,53 1.25	0.2464969
142,812.50	0.2390258 
4,712,812.50	0.23 17811
0.00	ll0,J52,8 i2.SI

Face value ofbond issue. . . . . . . . . . . . .. .
Accrued tlllerest ( -J ... .... ... ... ....... .
Originalissue premium,dlscmmt (•j. .... 
801id suretyfee f'.j, .... .. .•....... ..... 
Lump-sum credit erlha11cements (·) .  . .... 
Other AYL costs (-) ....... , ... , . . . .  .
A YL Target..... . .. .• .. • • , •

Disco1111ted D�bt Sen!itr
\,137,597.70
105;()52.8 I l,l00,649.26
6�.m:2s
1,065,983..72
34, 135..87
1,092,340.75
57,559,99'.l.98

$57,560,000.00

$0.00
$0.00
$0.00

$57,560,000.00

REUNIONW04T-2012-A I  .FY: 1 I Mun-EaseElevateMainDb 1 16 95fEDB I 11101/2016 I 15:37 I Rpt01h
Grau & Associates ;	;. -�.
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Page	2

Reunion West Community Development District	J
M•RB  10/!60 SEMI +IJ
Special Assessment Bonds, Series 2004 -Trifurcated
T.I.C. Verification Reoort (Regular)	Dated:	8/ l/2Q1l
S7,S60,000.00	Ddiimd:	8/1/2012
Coupon	Prindpal	Coupon		fnlemt		Credit		Pmodi�	P�sent C/a/ue		Discounted Period	Qate	 Pqymenl	 Rate	Pcryme11t	.E11h(111fements	Debt Smtice		J:'aclor	Debt Seniice
1 l/l/2012	1,930,000.00	0.250	899,375.01	2,829,375.01	0.9847287	2,786,166.87
2	5/l/2013	1,030,000 00	6.250	l,738,437.50	2,768,43 7.50	0.9548823	2,643;531.89
3	11/1/20 13	1 ,706,250.00	1 ,706,250:00	o ns9404	1,579,885.87
4	5/1/2014	1,095,000.00	6.250	l,706,250.00	2;801 ,250.00	0,8978758	2,Sl5,l74.62
s	U/l/2014	1.672,03 1 .25	1 ,672,03 1.25	0.8706618	l,455,773.74
6	5/1 /201 _5	1,1 65,000.00	6,250	l,672,03 1. 2.s	2,837.031.25	0:8442726	2,J9S,22.7.8_5
7	1 111/2015	1,635,625:00	1,635,625.00	0.8 186833	l,339;058.88
8	5/1/2016	1 ,235,000.00	6.250	1,635,625.00	2,870,625.00	0.7938696	2,278,901 .83
9	1 1/ 1 /20 16	1 ,597,031 .2$	[;597,03 1 .25	0.7698079	1,229,401.30
10	5/1/2017	1,3 1 5.000.00	6.250	1 ,597,03 1 25	2,912,03 1 .25	0. 7464756	2, 1 73,760.16 
11	11/1/2017	1,555,937.50	1.555,937.50	0.7238504	1,1 26,265.97
12	5/i/2018	1 ,405,000 00	6.250	1,555,937.50	2,960,937.50	0�7019110	2,(173,314.54
1:3	1 1/1/2018	l,5 12,031 .25	1 ,512,03 L25	0.6806365	1,029, i4J.n
14	Sll/2019	1 ,490,000.00	6.250	1 ,51 2,031 :25	3,002,031.25	0.6600069	1,98 1,361.34
15	n1112019	1 ,465,468.75	1 ,465,468.75	0.6400025	937,903.72
16'	511/2020	1.590,000.00	6 2.50	1 ;465,468. 75	3,0:55,468.75	Q,6206045	1,896,}.37.64
17	l l/1/2020	1 ,41 5,78 1.25	1 ,415,78 1 .25	0.601 7944	852,009.22
18	5/1/2021	1,690,000.00	6.250	1,415,781 .25	3,105,78 l.25	Q.5835544	1,8 12,392.36
19	11/1/2021	1 ,362,968.75	1 ,362,968.75	0.5658673	771,259.41
20	5/1/2022	1,800,000.00	6.250	1,362,968.75	3,162,968,75	0.54871 62	1;735,572.26
21	1 1/112022	l,306,718.75	1,306,718.75	0.5320850	695,285.45
2.2	5/1/2023	1,91 5,000.00	6 250	1 ,306,718.75	3,221,718.75	0. 5.159579	1,662,271.14 
23	11/112023	1.,246,875.00	1,246,875.00	0.50031 95	623,835.92
.24	5/i/2024	2,040,000.00	6 250	1 ,246,875.00	3,286,875.00	0.485 1 552	1,594,644.46
.25	1 1/1 /2024	1,183,125.00	1,183,125.00	0.4704505	556,601,71
26	5/J/2025	2, 1 70,000.00	6 250	1,1 83,125.00	3,353,125.00	OA561914	1,529,666.89
27	i 1/1/2025	1, 115;312.SO	1,1 15,312.50	0.4423646	493,374.74
28	5/l/2026	2,3 I O,OQO.Oll	6.250	1,ll 5,Jl2.SO	3,425,312.50	0.4289568.	1,469,Jll.l 1
29	llll/2026	1,043,125 00	1,043, I 25,00	0.4159554	433,893.49
JO	5/112027	2,460,000.00	6.250	l.043,125.00	3,503,125,00	0.4033481	1 ,41 2,978.78
31	I j/J/2027	966,250.0U	966,250,0Q	0.39.11 229	377,922.48
J2	Sff/2028	2,620,000 00	6.250	966,250.00	3,586,250.00	0.3792682	l,360, {S(l.63
Jj	il/l/2028	884,175.00	884,375.00	0,3677729	325,249.1 1
34	5/1/2029	2,790,000.00	o.250	884,375.00	3,674,375.00	0.3 566259	l,3 I 0,377.3 I
35	1 1/1/20'1.9	797. 187.50	797,1 87.50	0,3458168	275,680,84
36	5/112030	2,970.000.00	6.2-50	797,187.50	3,767,187.50	0.3353353	l ,263,271.11 
J7	1 1/1/2030	704,375.00	704,375.00	0.3.251716	229,042.71 
38	5/1/2031	3. 160.000.00	6.2$0	704,375,00	3,864,375.00	0,3153 158	1,218,498'.�9	
39	H/1/2031			605,625,00	605;625.00	0,3057588	l85,175. 18 	
	5/1/2032	3;.365,000.00	6.250	605,625.00	3,970,62 5.00	0.29,6491 5	1 ,177.256,46	
41	I 1/1/2()32			500,468.75	500,468.75 	0;2875050	143,887.28	
REUNIONW04T-2012-A  I   FY: 1 1 Mun-EaseElevateMainOt:i 1 16.951 EDB I 11/011201 8I 15:38 I Rpt01a
Grau & Associates ,i	�: .	"	Page	1
Grau & Associates C PAsi	·:·

Reunion West Community Development District Special Assessment Bonds, Series 2004 -Trifurcated
T.I.C. Verification Reoort (Regular)

2
lfJRR "1i �r./J SEMI -1-/ '

Daldd:	8/ 1I2012

57,560,000.00
Coupon	Prindptd
Prriod	Date	Pr!Ytllell/
42	.5/1/2033	3.580,0\JO.OO
43	11/1/2033
44	5/112034	3.8 1 0.000.00
45	lllli2Q34
46	5/1/2035	4,055,000.00
47	1 1/1/2035
    48	5/1/2036	4,570;000.00
57,560,000.00

Co11po11 Rak 6.250

6.250

6.250

6 250

lllterest
Pt!)'#ICIJI SQ0,.\68.75 388,593.75
388,593.75
269,531.25
269,53 1.25
142,812,50
142,812.50

52, 791,811.51

Credit
.l:!.11hu11cemmlt

Penodic Debt Servia!
4,080,.l68.75
388,593.75
4, 1 98,593.75
269.53'1 .:1.5
4,32453 1.25
142,812.50
4,712,81 2.50

JI0,352,812.Sl

D,!i,,rrd:
Pru81/I Value Factor ·
0.2787909
0.2703410
0.262 1471
0.2542016 
0.2464969
0.2390258
0.2317811 

8/l/2()U

D11co1mted DtbtS1111ke
1, 137,597.70
.105,052.81
I, 100,/,49 26
68,Sl5 28
1,065,983.72
34, IJS.87 l,092,340;75
57,559,999. 98

Tr11e Interest Cost (l1CJ   . . . . .	. . . . . . . .. 
Net Interest Cost (NIL}. .... .... ... .. .
Arbitrage Yieldlimit IAYLJ ...... 
Arbitrage :Ve1 /nteresl Cost [A1VIC) 	'

6.2513383
6.2500000
6.2513383
6.2500000

Face value ofhond lssue	•. 
;Jccrued inlerest (+)	,
Original issue prenii'imvdiscount / ·) ..... ..
Cndenvri1er disco1ml (+) ...... ... ..... 
lump-sum credir ,mha11cemen1s (0) • • • ,. • • • •  
Other TIC coSIS (·./ .....• ...... ........ 
Bond sureryfee (-) . . . . . . . , . , • . , . . .
* TIC Target ........ .

$57,560,000.00

$0.00
$0.00
$0.00

NIA
$57,560,000;00

'REUNIONWD4T-20l2·A I  FY: 1 1 Mun-EaseElevateMainDb ( 16.951 EDB ) 11/01/201'8 ) 1 5:38 I Rp1D1 a
Grau & Associates · -··,.	Page	2
Grau & Associates CPAst·

Reunion West Community Development District
Special Assessment Bonds, Series 2004 -Trifurcated Unspent Proceeds Report
$ 57,560,000.00

Dated.'	08/01/2012 
De/iyered:	08/01/2012

C..ak	Grp	F11JJd		C,f'OJS	Pool	:'\:onp111pose	Putpe.s(	t:NJpMI	
Di/It	IJ)	Pu,p	ID	D,scription	Amo1111/	Perce111age	T;1ve.slmMI	ExjHmlillires	Proaed;	

08/01,2012	-1   N	(.;O[	Beg. Arbitrage Gross Proceeds

08!21/2012	0    y	Reined Exp	.-759,574.00
08/2 1/2012	0    y	COi	i s,000.00
olii'21i2012	0   y	Bond Trifurcation	44,715,452 00
08122/2012	0   y	COi	35,000.00
08127i2012	0    y	c;ol	62,291.00
08/2,8/2012	0    y	CO!	37,025.00

-10/04/201 2	0     y	Reserve 2004-1	-5.00 .

11/19/2012	0     y	Remed Exp	1,733.00
11/21/2012	0    y	Renied Exp	6,294.00
1 1121/2012	0    y	CUI	10,000,00
1211 4/2012	0    y	col	25,534.00
iYl9/2012	0   y	Rcmed Ex. p	13,061.00
01/15/2013	0    y	L'.01	6,338.00

04/1 012013	0    y	Remed hp·	27,474.00

05/071i0i3	0     y	Remed Exp	1 34,729.00

06/l8/20B	0   y	lk'1!1cd Exp	11,881 .00
06,26/20)3	0   y	Rcmed Exp	6,453 .00
014312oij	0   y	Reined.Exp	655 00
07/25/2013	0    y	Remed Exp	-16,544.00

08/19/2/)13	0    y	Rcrrtcd Exp	,,395.00

10/15/2013	0     y	Renicd Exp	-58,570.00

10128/2()13	0    y	Rcmcd F.xp	55,483.00
1.J/0112013	0     y	Reserve 2004-1	1 ,071.00

11!0612013	0    y	Remed Exp	20.150,00

llil9/20l3	0   y	Romed Exp	22.276.00

1 2i'09/2013	0    y	Rcmcd Exp	120.00
12119/2013	0   y	Remed hxp	7,547.00 REUNiONW04T-201 2°A I FY: 1 iMun-EaseElevateMamDb ( 16 95f EDB I 11/01/,2018 ( 15:33 ( Rpt11
Grau & Associates	..,:-	.• · .__
Grau & Associates CPAs ,t·_	·

100.0000000	s'l.s6!),obo.oo

IU0:0000000	-759,574 00	58,319,574 09
100 0000000	15,000.00	S8,304,S14  oci
I00.000POOO	44.7I 5,452.00	l�,589;1·22,00
100.0000000	35;000.00	13,554,122�00

100.0000000	62,291.00	13,491,831.00
I00.0000000	37,025.00	13,454,806.00

I 00.0000000	-s.oo	13,454,811.00
I00.0000000	1 ,733.-00	l3,4S3,018.00
100.0000000	6,294.00	13,446,784.00
100.0000000	10,000.00	l3;436,784.00

I0Q.0000000	25,534.00	13;411,250.00

100.0000000	13,06.IJiO	13,398,18900

100.0000000	6,338.00	13,391;851  Q0

I0M00OO00	27,474.Q0	13,364,377.00

JOO 0000000	134,729 00	IJ;'.m,648,00

100.0000000	ll,88L00	1 :Ul?,767 00

I 00.000()000	6,453.00	13,211,314.00

I00.0000000	655.00	13,210,659.00
100.0000000	-16,544'00	13,227,203.00

100.0000000	3,395 00	13,223,808:00

100.0000000	-58,570.00	13,282,378.00

I 00.0000000	55,483,00	13,226,895,00
100.0000000	r,onoo	p,22s;814:oo
100.0000000	20,150.00	13,205'674.00

100,0000000	22,276.00	13;1 83,398.00

I 00.0000000	120,00	iJ, 1-'13,278.00

I00.0000000	7,547.00	13,175,731 0Q

Page	1

Reunion West Community Development District	Dated:	08/01/2012 
Special Assessment Bonds, Series 2004 -Trifurcated	Delivered:	08/01/2012
Unspent Proceeds Report
$ 57,560,000.00

Cak
Dttli	Grp
ID	

P11,p	.t'i111d
1D	
Dumptio1i	Gto11
Amo11nl	Pool
Perren!Of/	;'io,,pmpose
foves/1111111	P11,pou
Bxpmditntu	C:1upe111
Protftds	

1 2'2612013.	
0	
y		
Remed hp	
15,92'5.00	
100.0000000		
15,925.00	
13.1 59,806.00	
0113112014	0	y		Remed Exp	-2,600,00	100,0000000		-2,600.00	13,162,406,00	
0412S12014	0	y		Remed Exp	9,425.00	I 00.0000000		9,425.00	13.152,98 1.00	
05/0112014	0	y		Reserve 2004-1	51 .00	I00.0000000		51 .00	13, 1 52,930.()0	
05121i20 14	0	y		COi	3,943.00	100.0000000		3,943.00	13,148,987.00	
os12 .1,2014	0	y		Remcd Fxp	35,636.ClO	I 00.0000000		35,636.00	13,113,351.00	
08/1411014	2015 	y		Remcd Exp	22, 137 00	100.0000000		22,137 00	13,09 1 ,214.00	
og,iMo14 	2015	
y		Rcmod Exp	3,092.00	roo.uoooooo		3,092.00	13,088,122.00	
0812212014	2015	y		Remed Exp	9,890.00	I00.00()0000		9,890:00	i3,078,232.00	
11i03,20.l4	
2015	y		Reserve 2004-1	75,0U	I00.0000000		75,00	13;018;1 57.00	
11 120/20)4	2015	y		Reined Exp	31 ,833M	I00.0000000.		3l,833 00	13,046,3'24,00	
12/1 S/2014	20LS	y		Remed bxp	19,589 00	I00.0000000		1 9,589,00	IJ,O:io,73S.OO	
12i26/2014.	2015 	y		Remed Exp	-4,754 00	100.0000000		-4,754.00	13,031,489 00	
Q211 8,'20l5	20_l5	y		Remcd Exp	l�.250.00	100.0000000		14,250:00	13,017,239.00	
041141201 S	20 15 	y		Remed Exp	4,685.00	100.0000000		4,685.00	13,01 2,554.00	
OSiOl/2015 	20 15 	y		Reserve 2004-1	68.00	100,0000000		68.00	13;012,486.00	
05/19/2015 	2015	y		
C"or1�tru,c1io11	4,695,000 00	!00.0000000		4,695,000.00	8,31 7,486.00	
05/21 ·2015	201'5	y		Reined Exp	1,311:op	100,0000000		1,377.00	8,3 16,109.00	
Oo/03/201.5	201 5	y		Remc'i! Exp	9,405.00	100.0000000		9,405,00	8,306,704 00	
06!16/20lS	2015·	y		Remed Exp	9,500.00	100.0000000		9,500 00	s,m;io,ioo	
06:26/2015 	20 15 	y		Con<1nic1ion	7,278,391 .00	100.0000000		7,i78,391 .00	1,018,81 3.00	
08106/2015	2016	y		Romed Exp	.Jl.00	100,0000000		-31.00	1.,018,844,00.	
08/14,20 15 	2016	y		Rcrued fxp	55,85-1 00	100,0000000		55,854,00	962,99-0.00	
I0/16i201S	2016	y		Remed.Exp	17,493.00	l00.0000000		17 .493 00	94s,m oo	
�03121.'2016	2016	y		Rc111ed Exp	10,0011,00	100 0000000		10,000 00	9JS,497 00	

REUNIONW04T-20l 2-A I FY 1 1 Mun-EaseElevateMainDb I 16.95f EDB 1 11/01/2018 I 15:33 I Rp\11

Grau & Associates	.	,·.

1'·

Page	2

Grau & Associates C PAs	·-	�	·.

J"

Reunion West Community Development District Special Assessment Bonds, Series 2004 -Trifurcated Unspent Proceeds Report
$ S7,560,000,00

Dated: Delivered:

08/01/2012 
08/01 /2012

Cr.rlt

Grp	.F1111d

.Gross·	Pool

.'Vo,ipJJrpost	Pmpose .

c.,·,upelit

   Daii	ID	PJJi        p	T           D	Demip1io1                                      1	AJIIOl(lii	     Penwfa/,t

lll1Jesl1J1t11t	Expmdit11r�s

Prw,eds

03'2412016 	2016	Y	Itemed Exp:	H,380.00	I 00,0000000	14,380.00	921;117.00	
Q3J24i2016	2016	Y	·Rcmed fap	236,920.00	100.0000000	236,920.00	684,197,00	

0510212016	
2016	y	Reserve	
11,022.00.	
100,0000000	
11 ,022.00	
673;175,00	
05.'0S/2016 	201.6	y	Remed Exp	-7.00	100;0000000	-7.00	673,Jl2.00	

06'17120 16	2016	
y	�med Exj,	13,569.00	100.0000000	
13,569.00·	
659;613.00	

0Si0li20l8	
2018	y	Rcservl!-	
6,253.00	
100,0000000	6,2SJ.OO	
653,360 00	
OSJOl/2018	2018	y	Reserve	7IMO	I00.0000000	718 00'	652,642.00	

06/0412018	
2018	
y	
Reserve	•1s.oo·	
1 00.0000000	
775.00	
651 ,867.00	
07, 0312018	2018	y	Reser.e	805.00	100 0000000	805 00	65 1 ,�l.OO	

56,908,938.00		

0.00	56,908,938;00		

First Invesln,e,it Dale. ..... ...... ..... ,	, , ,	8/21/2012	
Caicl{/iltio11 Date . , 	•. •. 	7/31/201 8	
Arbitrage Yield Limil (AYL)• .•• ..•.... .•.•..... 	6.251 33.83	
lntema/ Rate ofReturn (IRR). .•....... ........ 	0.0420872	

RlaUNiQNV\'04J.;2012-A I  FY: 1 J Mun-Ea�eElevate"'3intlb J 16.951 EOB J 111011201.8 J 1 5:33 J Rpt11
Grau & Associates	·
Grau & Associates CPAs .

Page	3

Reunion West Community Development District	Dated:	08/01/2012
Special Assessment Bonds, Series 2004 -Trifurcated	Delivered:	08/01/2012
I.R.R. Report Via Purpose Expenditures
$ 57,560,000.00
Crp	Tra11s	Fund	Da> <:ouit/   Calm(ation A111/	Pool	** l11temal Rate ofRfftllrn **
ID	Date	ID	De.criptio11	fiactor	(Interest Earnings)    Pctg	PV Factor	PVA.mt
-I 08/01/2012	Beg. Arbitrage Oross Proceeds	O.MOOOOO	(57,560,000.00) 100.000	1.0000000	(57,560,000.00)
0  08/2 1/20.12	Bond Tnfurcation	O.J lll U1	44,715,452.00   1 00.000    0.9999766	44;71 4,406.60
08/21 /2012	COi	0.11 11111	15,000.00   l00.000    0.9999766	i.4,999.65
08/2]12012	Remed Exp	0. ll lllII	(759,574.00) 100.000  0.9999766	(759,556.24)
08/22/2012	<.:OI	0. 11 66667	35,()00.00  100.000   0.9999755	34,999.14
08/27/2012	crn	0. 1444444	62,291 .00   1 00.000    0:9999696 	62.289. 11 
08/2812012	CUI	0.1500000	31,025.00 100.000  0.9999684	J?,023:83
1 0/04/2012	Reserve 2004-1	0.3500000	(5.00)  1 00.000     0.9999264	($.00)
H/19i20(2	Rerned Exp.	0.6000000	1,733.00   100.000    0.9998738	1,732.78
11/21/2012	COi	0.61 11111	1 0;000.00   1 00.000    0.9998714	9,99&.71
ri/21/2012	Remed Exp	0.6i 11111	6,294.00   1 00.000   0.9998714	6.293.19 
1 2/14/2012	COi	0,7388889	25,534.00  100.000  0 9998445	25,530.03
12/19/201 2	Remcd Rxp	0.7666667	13,061 .00 1 00,000   0:9998387	1 3,058.89
Ol/15/2013	COi	0,9U l lll	6,338.00  100.000  0.9998083	6,336.79
04/10/2013	Remed Exp	1.3833333	27.474.00 100•000  0.9997090	27,466.00
05/07/201 3.	R..:med Exp	l .5333333	134,729.00  l00.000  0.9996774	134,685.54
06/18/2013	Rerned Exp	1 .76lllll	11,881 .00   10():000    0.9996295	it,876;60
0.6/26/2013	Remed Exp	1.8055556	6,453.00   1.00.000    0.9996202	6,450.55
07/23/2013	Remed Exp	1 .9555556	655.00  100.000   0.9995886	654.73
.07/25/2013	Rcmud Exp	l .9666667	(16,544.00)  [00.000    0.9995863	(1 6,537.16)
08/19/2013	Remed Exp	2.1000000	3,395.00  100.00(l   0.9995582	3,393.50
1 0/15/2013	Remcd Exp	2.41 11 lll	(58,570.00) 100.000 0.9994928	(58,540.29)
1 0/28/2013	Reined Exp	2 4833333	55,483.00  1 00.000   0.9994776	55,454.02
ll/01/2013	Reserve 2004-l	2.5000000	1 ,071 00 1 00.000   o:9994741	1,070.44
.1 1/06/2013	Remed Exp	2.5277778	20,1 50.00   100.000    0:9994683	20,1 ;39.29
U/1912013	Remed Exp	2.6000000	22,276.00  1 00.000  0.999453 1	22,263.82
t2/09/2013	Remed Exp	2.71 11 111	120.00   1 00;000    0.9994297	11 9.93
12119/20!3	Reilled Exp	2.7666667	7,547.00  100.000 0.99941 80	7,542.61
12/26/2013	Remed Exp	2.8055556	15,925.00 100.000  0.9994098	15,915 60
01 /31/2014	Remed Exp	J.0000000	(2,600.00) I 00.000  0.9993690	(2,598.36)
04/25/20 14	Remcd Exp	3.4666667	9,425.00 100.000  0.999270.8	9,418.13 
05/01/2014	Reserve 2004-1	3.5000000	51 .00  1 00.000   0.9992638	50.96
05/21/20i4	Remed.Exp	3,6ll lll 1	35,636.00 100,000 0.9992405	35,608.93
05/21/2014	COi	3.61 11 111	3,943:00   100.000    0.9992405	3,940.01
2015  08/1.4/2014	Remed Exp	4.0722222	.22,137.00   100.000    0.9991435	22,118.04
0&/20/2014	Remed foxp	4.1055$56	3,092.00  l00.000   o.9iJ9n6s	3,089.33
08/22/2014	Remcd. Exp	4. 1 166667	9,890.00    1 00.000     0.999(342	9,881.44
i1 1031:ioi4	Reserve 2004-l	4 5 llllll	75.00 100.000  0.9990513	74.93
ll/20/2014	l.lemcd hp	4.6055556	31 ,833.00   100.000    0.9990314	31 ,802.17
l�/1$/2014	Rem�d Fxp	4 7444444	19,589.00 100.000  0.9990022	19,569 45
12/26/2014	Rerne.d Exp	4,8055556	(4,754.00)  100.000    0.9989894	(4,749.20)

5.4055556	4,685.00	1 00.000	0:9988632	4,679:67	
5,5000000	68,00	100.000	0.9988434	67.92	

02/18/2015	Rcrried Exp	5.0944444	14,250.00 100.000 0.9989286	14,234.73
04/14/2015	Remed Exp
05/01 /2015	Reservc.  2004- 1
,05119/ZOl 5	Construction	S.6000000	4,695:,000 00 100.000 0.9988224	4,689,471.06
05/21 /201 5	Remed Exp	5.61111 11	1)77.00   !00.000    0.9988200	1,375.38
06/03/201.i	Rcilil!d•Exp	5.6777778	9,405.00   l 00.000    0.9988060	9,393.77
06/16/2015	Remed Bxp	5.7500000	9.500.00, 100.000  0.9987909	9.488.51
06/2612015	Construction	5..8055556	7,278,391.00 llJ0.000  0.9987792	7,269,505.37
20,16 08/06/2015	Remed Exp	6:02T/77.8	(31.00) 100,000 0;9987325	(30.96)
08/14/2015	.Remed Exp	6.0722222	55,854.00  100.000  ,0 998123 1	5:5 ,782.68

-.f

REliNIONW04T-2D12-A i 'FY: 1 1 Mun-EaseElevateMairiDb f 16.95f EDB j 11/01/2018 I 1 5,33 f Rpto9c
Grau &  Associates	j.,	··:f�-·	Page	1

Grau & Associates CPAs .-' _!

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Reunion West Community Development District Special Assessment Bonds, Series 2004 -Triturcated
I.R.R. Report Via Purpose Expenditures

Dated: Delivered:

08/01/2012
08/01/2012

$ S7,560,000.00	

Grp	Tran,
ID	Date	1-rmd
ID	
Descri.ptioir	J)qy Cotml
Factor	(.'a/tulation Alill
(lnteml F.,;iniingr)	Pool Pctg	** llftemal Rat, PV Fae/or	ofRetsmz **
PVAmt	
2() 16 I..Q/1612015		Rem.:d exp	6.4166667	1 7,493.00	100.00()	0.9986508	'l7.469.40	
03/21/2016		Remed Exp	7.2777778	10,000.00	1 00.000	0.9984698	9,984.70	
03/24/2016		Rcmed Exp	7.2944444	236;92000	1 00:000	0.9984663	236,556.64	
03/24/201 6		Remed Fxp	7.2944444	14,380.00	I00.000	0,9984663.	14,m t)s	
0.5/0212016 		Reserve	7 5055556	11 ,02i.oo	100.000	0.998422()	H,004- 61	
05/05/2016 		Remcd Exp	7.5212222	(1.00)	100;000	0.9984185	(6.99)	

06/17/2016	Remed E:<p	7.7555556
.2018 ()5/01/2018	Rcserv..:	1  l.S()O()OOO
05/02/2018	Reserve	1 1.5055556
06/04/2018	Reserve	I l. 6833333
07/03/201 8	Reserve	11 .8444444
99999  07131 /2018	l1nspenl Proceeds as of 07/3 l/2018 	12.0000000
Arbitrage Yieldlimit. .•. ...•...•.... 
hllema/RtiJe ofReturn . •·.• . . . ._.. _. .... .
('a/c11latlon Standard .. .. ........... .

REUNIONW04T•201 2-A I FY· 1 I Mun-EaseElevateMainDb I 16 95f-�DB I 11/0J/2018I 15;33 I Rpt09c

13,569.00  100.0()0  0,99�369S
6,253.00 100,000 0.9975832
71 8.00  100.000 0.9975820
775.00  100:000  0:9975447
805.00    1 00.000   0.9975109
669,007.00  100.000 0.9974782
17,945.00

6.2513383
0.0420872
MSRB 30/360 SEMI 4/3

l3;546,88 6,237.89
716.26
n:uo
803 00
667,3 19,91
(0,05)

Grau & Associates!

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j	Pag'e	2

Grau & Associates CPA	�	�·.