Trout Creek Community Development District

Board of Supervisors’ Meeting
October 6, 2020

District Office: 2806 N. Fifth Street Unit 403
St. Augustine, FL 32084

www.troutcreekcdd.org

TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT

Rizzetta & Company, Inc., 2806 North Fifth Street, Unit 403, St Augustine, FL 32084.

Board of Supervisors	Andy Smith	Chairman	
	David Roane	Vice Chairman	
	Doug Davis	Assistant Secretary	
	Michael Gruber	Assistant Secretary	
	Henry Green	Assistant Secretary	
District Manager	Melissa Dobbins	Rizzetta & Company, Inc.	
District Counsel	Jonathan Johnson	Hopping Green & Sams, P.A.	
	Katie Buchanan	Hopping Green & Sams, P.A.	
District Engineer	Brad Davis	Prosser Inc.	

All cellular phones must be placed on mute while in the meeting.

The first section of the meeting is called Public Comments, which is the portion of the agenda where individuals may make comments. Individuals are limited to a total of three
minutes to make comments during this time.

Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this meeting/hearing/workshop is asked to advise the District Office at least forty-eight (48) hours before the meeting/hearing/workshop by contacting the District Manager at (904) 436-6270. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing
7-1-1, or 1-800-955-8771 (TTY)
1-800-955-8770 (Voice), who can aid you in contacting the District Office.

A person who decides to appeal any decision made at the meeting/hearing/workshop with respect to any matter considered at the meeting/hearing/workshop is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made including the testimony and evidence upon which the appeal is to be based.

TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT
DISTRICT OFFICE  2806 North 5th Street Suite 403 St. Augustine, Fl. 32084  904-436-6270 www.troutcreekcdd.org

Board of Supervisors Trout Creek Community Development District

Dear Board Members:

AGENDA

September 29, 2020

The regular meeting of the Board of Supervisors of the Trout Creek Community Development District will be held on Tuesday, October 6, 2020 at 3:00 p.m. held via teleconference at 1 - 929 - 205 - 6099 ID# 563 862 7540 , pursuant to Executive
Orders 20-52, 20-69, 20-123, 20-150, 20-179, 20-193 and 20-246 issued by Governor DeSantis, respectively, and pursuant to Section 120.54(5)(b)2, Florida Statutes. The following is the agenda for this meeting:
CALL TO ORDER/ROLL CALL
PUBLIC COMMENTS
BUSINESS ADMINISTRATION
Consideration of the Minutes of the Board of Supervisors’ Regular Meeting held on September 1, 2020	Tab 1
Consideration of the Minutes of the Board of Supervisors’
Continued Meeting held on September 11, 2020	Tab 2
Ratification of Operations and Maintenance Expenditures for
August 31, 2020	Tab 3
Construction Activity Report, Period Ending August 31, 2020	Tab 4
Ratification of Capital Improvement, Account Series 2018
CUS 102 – CUS 105	Tab 5
STAFF REPORTS
District Counsel
District Engineer
Construction Administrator
Amenity and Maintenance Reports
1.) Community Director Report, September 2020	Tab 6
i.) Consideration of Vesta’s Services Proposal	Tab 7
2.) Lifestyle Director Report, September 2020	Tab 8
3.) VerdeGo Landscape Report, September 22, 2020	Tab 9
4.) Charles Aquatics Pond Report August 26, 2020	Tab 10
5.) Consideration of Charles Aquatics Proposal	Tab 11
District Manager
1.) Ratification of Fiscal Year 2021 Meeting Location	Tab 12
2.) Acceptance of Second Addendum to Professional District
Services Agreement	Tab 13
BUSINESS ITEMS
Consideration of 2020 Bond Series District Engineers Report	Tab 14
Consideration of Final Supplemental Special Assessment Allocation Report for Bond Series 2020	Tab 15
Consideration of Resolution 2021-01, Supplemental Assessment, Series 2020 Bonds (Under Separate Cover)

Consideration of Resolution 2021-02, Revising Assessment Collection Schedule	Tab 16
Selecting an Audit Committee and Setting First Audit Committee Meeting
SUPERVISOR REQUESTS
ADJOURNMENT
We look forward to seeing you at the meeting. In the meantime, if you have any questions, please do not hesitate to call us at 904-436-6270.

Very truly yours, Melissa Dobbins Melissa Dobbins
Trout Creek Community Development District

CALL TO ORDER / ROLL CALL

PUBLIC COMMENTS

BUSINESS ADMINISTRATION

Tab 1

	TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT	
	September 1, 2020 Minutes of Meeting	
	Page 1	

1	
MINUTES OF MEETING	
2		
3	Each person who decides to appeal any decision made by the Board with respect to any	
4	matter considered at the meeting is advised that the person may need to ensure that a	
5	verbatim record of the proceedings is made, including the testimony and evidence upon	
6	which such appeal is to be based.	
7		
8	TROUT CREEK	
9	COMMUNITY DEVELOPMENT DISTRICT	
10
The regular meeting of the Board of Supervisors of Trout Creek Community
Development District was held on Tuesday, September 1, 2020 at 3:00 p.m., via
video conference, pursuant to Executive Orders 20-52 and 20-69, 20-123, 20-150,
20-179 and 20-193 respectively, and pursuant to Section 120.54(5)(b)2., Florida
Statutes.
16
17	Present and constituting a quorum:
18
Andy Smith	Board Supervisor, Chairman
David Roane	Board Supervisor, Vice Chairman
Michael Gruber	Board Supervisor, Assistant Secretary
Doug Davis	Board Supervisor, Assistant Secretary
Henry Green	Board Supervisor, Assistant Secretary
24
25	Also present were:
26
Melissa Dobbins	District Manager, Rizzetta & Company, Inc.
Katie Buchanan	District Counsel, Hopping Green & Sams
Mike McCollum	Developer, Freehold Capital Management
Jill Flores	Community Director, CCMC
Dylan Read	Lifestyle Director, CCMC
Remy Pugh	Representative, CCMC
33
34	Members of Public present.
35
36	FIRST ORDER OF BUSINESS	Call to Order
37
38	Ms. Dobbins called the meeting to order at 3:03 p.m.
39
40

41	SECOND ORDER OF BUSINESS
42
43	No public comments.
44
45
46
47
48

Public Comments

49			
50	THIRD ORDER OF BUSINESS	Consideration of the Minutes of the	
51		Board of Supervisors’ Meeting held	
52		on August 4, 2020	
53			
On a motion by Mr. Smith, seconded by Mr. Davis, with all in favor, the Board approved of	
the Board of Supervisors’ Regular Meeting held on August 4, 2020 for Trout Creek	
	Community Development District.		
54
FOURTH ORDER OF BUSINESS	Ratification of Operations,
Maintenance Expenditures for July
57	2020
58

On a motion by Mr. Green, seconded by Mr. Gruber, with all in favor, the Board of Supervisors’ ratified Operation Maintenance Expenditures for July 2020 in the amount of
$186,604.80 for Trout Creek Community Development District.

59
FIFTH ORDER OF BUSINESS	Consideration of Proposals for
Arbitrage Services AMTECH Capital
Improvement Revenue, Bond Series
63	2015 and 2018
64

On a motion by Mr. Smith, seconded by Mr. Davis, with all in favor, the Board of Supervisors’ approved AMTEC Series 2015 and Series 2018 proposals, providing annual reports at a rate of $450.00 each, per series, for Trout Creek Community Development District.

65
66
67	SIXTH ORDER OF BUSINESS	Staff Reports
68
69
A.	District Counsel
No report.
72
73	B.	District Engineer
74		Not present.	
75			
76	C.	Construction Administrator	
77		No report.	
78			
79			
80			
81			
82			
83			
84			

85													
86	D.	Amenity and Maintenance Reports						
87		1.)	Community Director Report, August 2020				
88		Ms. Flores reviewed her report under tab 5 of the agenda. She presented a	
89		proposal for adding blue gill fish to help with midge issues along ponds at a	
90		cost not to exceed $4,600.00. Discussions ensued.				
91													
On a motion by Supervisors’ appr Trout Creek Com	Mr. oved munit	Smith, propos
y Develo	seconded al adding b pment Dis	by lue trict	Mr. gill fi
.	Davis, sh at a	with all cost not	in to	favor, exceed	the  Board  of
$4,600.00 for	
92
93
2.)	Lifestyle Director Report, August 2020
Ms. Pugh was introduced and she reviewed report under tab 6 of the
agenda.
97
B.	District Manager
No report.

SEVENTH ORDER OF BUSINESS	Consideration of Amenity
Maintenance, Janitorial & Lifeguard
Services

Ms. Flores presented proposal from CCMC to provide general maintenance, pool
maintenance and janitorial services. Discussions ensued.

On a motion by Mr. Smith, seconded by Mr. Davis, with all in favor, the Board of Supervisors’ approved CCMC’s proposal for General Maintenance and Pool Maintenance in the amount of $75,171.00 with Janitorial Services approved in the amount of $53,081.00 and Vesta’s renewal proposal for Lifeguard Services approved at a cost not to exceed
$102,2587.25 for Trout Creek Community Development District.

EIGHTH ORDER OF BUSINESS	Discussion Regarding Bond Issuance

1.) Consideration of Supplemental Engineer’s Report, Bond Series 2020 (Under
Separate Cover)
113	2.) Consideration of Supplemental Assessment Methodology Report, Bond Series	
114	2020 (Under Separate Cover)	
115	3.) Consideration of Resolution 2020-15, Delegation Resolution	
116		
117	This item was tabled.	
118		
119		
120		
121		
122		

123			
124	NINTH ORDER OF BUSINESS	Consideration Resolution 2020-16,	
125		Designating Date, Time and Location	
126		of Regular Fiscal Year 2020-2021	
127		Board of Supervisors’ Meetings	
128			
129	The Board of Supervisors’ amended the Resolution to select Kayak Club for meeting	
130	location.		
131

On a motion by Mr. Smith, seconded by Mr. Davis, with all in favor, the Board of Supervisors’ adopted Resolution 2020-16, as amended, Designating Date, Time and Location of Regular Fiscal Year 2020-2021 Board of Supervisors’ Meetings for Trout Creek Community Development District.

132
133	TENTH ORDER OF BUSINESS	Supervisor Requests
134
Mr. Smith updated the Board of Supervisors’ that due to heavy school traffic the
Developer had an off-duty sheriff present to help enforce no parking along Shearwater
during he first week of school.

ELEVENTH ORDER OF BUSINESS	Continuance

On a motion by Mr. Smith, seconded by Mr. David, with all in favor, the Board continued the Board of Supervisors’ Meeting until September 11, 2020 at 9:00 a.m. for Trout Creek Community Development District.

162		
163		
164		
165		
166		
167		
168		
169		
170		
171		
172		
173		
174		
175		
176	 		 		
177	Secretary /Assistant Secretary	Chairman / Vice Chairman	

Tab 2

	TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT	
	September 11, 2020 Minutes of Meeting	
	Page 1	

1	
MINUTES OF MEETING	
2		
3	Each person who decides to appeal any decision made by the Board with respect to any	
4	matter considered at the meeting is advised that the person may need to ensure that a	
5	verbatim record of the proceedings is made, including the testimony and evidence upon	
6	which such appeal is to be based.	
7		
8	TROUT CREEK	
9	COMMUNITY DEVELOPMENT DISTRICT	
10
The continued meeting of the Board of Supervisors of Trout Creek Community
Development District was held on Friday, September 11, 2020 at 9:00 a.m., via video 
conference, pursuant to Executive Orders 20-52 and 20-69, 20-123, 20-150, 20-179,
20-193, respectively, and pursuant to Section 120.54(5)(b)2., Florida Statutes
15
16	Present and constituting a quorum:
17
Andy Smith	Board Supervisor, Chairman
David Roane	Board Supervisor, Vice Chairman
Doug Davis	Board Supervisor, Assistant Secretary
Henry Green	Board Supervisor, Assistant Secretary
22
23	Also present were:
24
Melissa Dobbins	District Manager, Rizzetta & Company, Inc.
Katie Buchanan	District Counsel, Hopping Green & Sams
Mike McCollum	Developer, Freehold Capital Management
Scott Brizendine	District Financial Services, Rizzetta & Company
Brett Sealy	Representative, MBS Capital
Sara Zare	MBS Capital Markets, LLC
Cynthia Wilhelm	NGN- Tampa
32
33
34
35
36
37	No members of the public present.
38
39	
40
41
42
43
44	

FIRST ORDER OF BUSINESS	

Call to Order	
45
46
47
48	Ms. Dobbins called the meeting to order at 9:00 a.m.	

49			
50	SECOND ORDER OF BUSINESS	Consideration of Approval of Fiscal	
51		Year 2020-2021 District Insurance	
52		Policy Renewal	
53			
54	Ms. Dobbins stated Fiscal Year 2021 Premium totals $43,492.00.	
55	
On a motion by Mr. Smith, seconded by Mr. Green, with all in favor, the Board approved
FIA Fiscal Year 2020-2021 Insurance Renewal Policy for Trout Creek Community Development District.	
56
57
58	THIRD ORDER OF BUSINESS	Discussion Regarding Bond Issuance
59
60	1.) Consideration of Supplemental Engineer’s Report, Bond Series 2020
61
62	Ms. Buchanan gave a review of the Engineer’s Report.
63

On a motion by Mr. Green, seconded by Mr. Smith, with all in favor, the Board approved in substantial form, Supplemental Engineer’s Report, Bond Series 2020 for Trout Creek Community Development District.

64
65	2.) Consideration of Supplemental Assessment Methodology Report, Bond Series
66	2020
67
68	Mr. Brizendine reviewed Preliminary Supplemental Special Assessment Allocation Report.
69

On a motion by Mr. Green, seconded by Mr. Smith, with all in favor, the Board approved in substantial form, Preliminary Supplemental Special Assessment Allocation Report, Bond Series 2020 for Trout Creek Community Development District.

70
71	3.) Consideration of Resolution 2020-15, Delegation Resolution
72
73	Ms. Wilhelm reviewed Resolution 2020-15.
74

On a motion by Mr. Smith, seconded by Mr. Green, with all in favor, the Board approved in substantial form, Resolution 2020-15, Delegation Resolution for Trout Creek Community Development District.

75
76
77
78
79
80
81
82

84			
85	FOURTH ORDER OF BUSINESS	Supervisors Request	
86			
87	No supervisors request.		
88			
89			
90	FIFTH ORDER OF BUSINESS	Adjournment	
91	
On a motion by Mr. Smith, seconded adjourned the Board of Supervisors’ M Development District.	
by Mr. Green, with all in favor, the Board eeting at 9:28 a.m. for Trout Creek Community	
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126

128		
129		
130		
131		
132		
133		
134		
135		
136		
137		
138	 		 		
139	Secretary /Assistant Secretary	Chairman / Vice Chairman	

Tab 3

TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT
DISTRICT OFFICE · 2806 N. FIFTH STREET · UNIT 403 · ST. AUGUSTINE, FL 32084

Operation and Maintenance Expenditures Presented For Board Approval
August 2020

Attached please find the check register listing the Operation and Maintenance expenditures paid from August 1, 2020  through August 31, 2020. This does not include expenditures previously approved by the Board.
The total items being presente$54,346.32

Approval of Expenditures:

 	 Chairperson

 	 Vice Chairperson

 	 Assistant Secretary

Vendor Name	Check Number  Invoice Number	Invoice Description	 Invoice Amount

Adkins Electric, Inc.	002916	G20883	Service Call 07/20	$	250.00	
Arrow Exterminators Inc., dba Nader's Pest Raiders	002928	39082508	Rodent Service 07/20	$	176.00	
AT&T Communications System	002917	299942543 07/20	Acct # 299942543 07/20	$	32.10	
AT&T Communications System	002918	904 230-0008 001	Monthly Telephone Service 07/20	$	232.07	
		0564 07/20			
AT&T Communications System	002919	904 230-0054 001	904 230-0054 001 0562 07/20	$	231.62	
		0562 07/20			
Atlantic Companies, Inc.	002920	166594	Fire Communication Center - 08/01/20-07/31/21	$	459.00	
Atlantic Companies, Inc.	002920	166595	Fire Communication Center 08/01/20-07/31/21	$	360.00	
Capital Consultants Management Corporation	002921	TCD-08012020	Amenity Management Services 07/20	$	1,570.00	
Charles Aquatics, Inc.	002922	39425	Monthly Aquatic Management Services of 16 ponds 07/20	$	934.00	
Charles David Roane	002930	DR08042020	Board of Supervisors Meeting 08/04/2020	$	200.00	
Cintas Corp	002934	5023775243	First Aid Safety Supplies 08/20	$	128.52	
Colden Company, Inc.	002923	13083	IT Services & Mileage Reimbursement - 07/20	$	109.00	

Vendor Name	Check Number  Invoice Number	Invoice Description	 Invoice Amount

Creeks Air Conditioning & Heating, Inc.	002924	S29343	A/C Diagnostic 07/20	$	100.00	
Florida Department of Revenue	002935	65-8017062725-9
Sales and Use Tax	Sales and Use Tax 07/20	$	41.66	
FPL	002936	39473-03305 07/20	25 Ridgewind Dr. #LTG 07/20	$	34.96	
FPL	002936	FPL Summary 07/20	FPL Summary 07/20	$	5,780.33	

Gober Enterprises, Inc dba All About Blinds and Shutters	
002932	
08072020		
50% Deposit on Fitness Shades	
$	1,152.00	
Hopping Green & Sams PA	002937	116373		General Legal Services 06/20	$	3,690.32	
Howard Services, Inc.	002926	S-8605		AC Maintenance 07/20	$	693.89	
IPFS Corporation	002938	GAA-944181 - 11	Pymt	GAA-944181 - Pymt 11	$	3,234.49	
Jacksonville Party company, LLC	002945	1438		Movie Night 08/20	$	300.00	
Michael T. Gruber	002925	MG08042020		Board of Supervisors Meeting 08/04/2020	$	200.00	
Newagetutors LLC DBA VGlobal Tech	002943	1833		Website ADA Compliance	$	300.00	
P&P Hocking, LLC dba Tikiz Shaved Ice and Ice Cream	002931	07042020		Red, White and BBQ Event 07/20	$	1,100.00	

Paid Operation & Maintenance Expenditures
August 1, 2020 Through August 31, 2020	

Vendor Name		
Check Number 	
Invoice Number		
Invoice Description		
  Invoice Amount	
Poolsure	002913	131295594140	Monthly Pool Chemicals 08/20	$	2,350.00	
Prosser, Inc.	002929	44281	General/O&M Support 06/20	$	990.00	
Prosser, Inc.	002946	44372	General/O&M Support 07/20	$	645.00	
Rizzetta & Company, Inc.	002914	INV0000051753	District Management Fees 08/20	$	3,934.17	
Rizzetta Technology Services, LLC
Shongaloo Fisheries, Inc.	002915

002940	INV0000006086

07162020	Email & Website Hosting Services 08/20
Gambusia Misquito Fish 07.20	$

$	160.00

2,370.00	
St. Johns County Alarm Program
Sun State Nursery & Landscaping, Inc.
Swank Motion Pictures, Inc.	002941

002947

002948	18768

820047

1730825	Alarm Permit Renewal 07/20

Landscaping & Irrigation Maintenance 08/20
Movie Night 08/21/2020	$

$

$	12.50

7,830.00

450.00	
The Bank of New York Mellon

The St. Augustine Record Dept 1261
The St. Augustine Record Dept 1261	002933

002927

002939	252-2307924

0312020 03/20

07072020	Trustee Fees 07/01/2020 - 06/30/2021
Acct#15626 Legal Advertising 03/26/2020
Acct#15626 Legal Advertising 07/07/20 - 07/14/20	$

$

$	6,000.00

76.29

274.63	

Trout Creek Community Development District
Paid Operation & Maintenance Expenditures
August 1, 2020 Through August 31, 2020	

Vendor Name		
Check Number 	
Invoice Number		
Invoice Description		
  Invoice Amount	
Tree of Life Lawn Care, Inc	002942	5088	Removal and Replacement of Sod 06/20	$	4,950.00	
Vak Pak Inc. Manufacturing	002949	27072	Impeller, New Seal and Gastet 08/20	$	2,119.00	
Vesta Property Services, Inc.	002950	372652	Pool Chemicals 07/20	$	199.77	
Wayne Automatic Fire Sprinklers, Inc.	002944	828464	Annual Sprinkler Inspection 07/20	 $		675.00	

Report Total				
 $		
54,346.32	

Tab 4

Construction & COI Account Activity Through August 31, 2020

Inflows:	
Debt Proceeds Underwriter's Discount

Interest Earned Transfer to Revenue	

Total Bond Proceeds:

Total Inflows:	
$

$	
10,188,947.97
242,000.00
10,430,947.97

79,159.09
(175.53)
10,509,931.53	
Outflows: Requisition
Date

7/12/2018
7/12/2018
7/12/2018
7/12/2018
7/12/2018
7/12/2018
11/15/2018
11/15/2018

7/12/2018
7/23/2018
7/23/2018
7/23/2018
7/23/2018
7/23/2018
9/14/2018
9/14/2018
9/14/2018
9/14/2018
9/26/2018
11/13/2018
11/13/2018
11/13/2018
11/29/2018	Requisitions Requisition
Number

COI COI COI COI COI COI COI COI

CR 1
CR 2
CR 3
CR 4
CR 5
CR 5
CR 6
CR 7
CR 8 CR9 CR10 CR11 CR12 CR13 CR14	

Contractor

Underwriter's Discount Rizzetta & Company Hopping Green & Sams Bryant Miller Olive
Nabors, Giblin & Nickerson Image Master LLC
Prosser BNY melon

Ashford Mills Atlantic Companies
Hopping Green & Sams Prosser, Inc.
Stephens Advertising Stephens Advertising Adkins Electric, Inc. Hopping Green & Sams
J. Kelly, LLC. Prosser, Inc. Sundancer
Hopping Green & Sams Vallencourt Construction Vallencourt Construction
Ashford Mills	

Total COI:	

$	

Amount

(242,000.00)
(36,000.00)
(42,500.00)
(40,000.00)
(50,000.00)
(1,750.00)
(5,000.00)
(9,000.00)

(426,250.00)

(2,005,857.98)
(2,115.00)
(4,815.84)
(41,183.89)
(2,834.72)
- (79,700.00)
(1,902.06)
(9,500.00)
(40,324.53)
(46,377.00)
(3,240.99)
(319,487.49)
(474,936.07)
(1,680,014.14)	

Status
As of 08/31/20

Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared

Cleared Cleared Cleared Cleared Cleared Void Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared	

11/29/2018	CR15	Ashford Mills		(1,143,094.46)	Cleared	
12/17/2018	CR16	Ashford Mills		(241,343.37)	Cleared	
12/17/2018	CR17	Hopping Green & Sams		(1,176.15)	Cleared	
12/17/2018	CR18	Prosser, Inc.		(229.00)	Cleared	
12/17/2018	CR19	Vallencourt Construction		(378,915.99)	Cleared	
2/5/2019	CR20	Hopping Green & Sams		(4,191.50)	Cleared	
2/5/2019	CR21	Void		0.00	Void	
2/5/2019	CR22	Stephens Advertising, Inc.		(1,317.63)	Cleared	
2/5/2019	CR23	Sundancer Sign Graphics		(7,198.00)	Cleared	
2/28/2019	CR24	Hopping Green & Sams		(549.00)	Cleared	
2/28/2019	CR25	Vallencourt Construction		(137,414.53)	Cleared	
2/28/2019	CR26	Vallencourt Construction		(420,107.87)	Cleared	
5/7/2019	CR27	Hopping Green & Sams		(3,442.30)	Cleared	
5/7/2019	CR28	Prosser, Inc.		(510.00)	Cleared	
5/7/2019	CR29	Sundancer Sign Graphics		(6,300.00)	Cleared	
5/7/2019	CR30	Vallencourt Construction		(487,888.45)	Cleared	
5/7/2019	CR31	Vallencourt Construction		(70,632.54)	Cleared	
5/7/2019	CR32	Vallencourt Construction		(189,460.77)	Cleared	
5/7/2019	CR33	Vallencourt Construction		(223,237.20)	Cleared	
5/7/2019	CR34	Vallencourt Construction		(55,157.38)	Cleared	
6/11/2019	CR35	Vallencourt Construction		(80,150.77)	Cleared	
6/27/2019	CR36	Prosser, Inc.		(93,708.78)	Cleared	
7/22/2019	CR37	Adkins Electric, Inc.		(18,800.00)	Cleared	
7/22/2019	CR38	Sunstate Nursery & Landscaping Inc		(67,449.60)	Cleared	
7/22/2019	CR39	Vallencourt Construction		(233,873.02)	Cleared	
7/22/2019	CR40	Vallencourt Construction		(334,117.54)	Cleared	
7/22/2019	CR41	Vallencourt Construction		(204,071.10)	Cleared	
7/22/2019	CR42	Vallencourt Construction		(58,571.31)	Cleared	
8/30/2019	CR43	Prosser, Inc.		(11,725.00)	Cleared	
8/30/2019	CR44	Sunstate Nursery & Landscaping Inc		(209,291.40)	Cleared	
8/30/2019	CR45	Sunstate Nursery & Landscaping Inc		(178,658.10)	Cleared	
9/23/2019	CR46	Vallencourt Construction		(82,898.92)	Cleared	
9/23/2019	CR47	Vallencourt Construction		(104,364.37)	Cleared	
9/23/2019	CR48	Vallencourt Construction		(212,274.27)	Cleared	
9/30/2019	CR 49	Adkins Electric, Inc.		(59,750.00)	Cleared	
9/30/2019	CR 50	Hopping Green & Sams		(1,663.00)	Cleared	
9/30/2019	CR 51	PBM Constructors, Inc.		(43,026.65)	Cleared	
			Total Requisitions:	(10,078,849.68)		

Total COI & Requisitions:		(10,505,099.68)	
Total Outflows:		(10,505,099.69)	
Series 2018 Construction Fund Balance at August 31, 2020	$	4,831.84	

Construction Custody Account Activity Through August 31, 2020

Inflows:	Developer Contribution	$ Due from Developer
Transfer from S2015 Custody
Total Inflows: $

Outflows:

Requisition	Requisition
Date	Number	Contractor

09/30/19	CUS 52	O.R. Dicky Smith	$ 09/30/19	CUS 53	Prosser Inc.
09/30/19	CUS 54	Ring Power
09/30/19	CUS 55	Sunstate Nursery & Landscaping Inc 09/30/19	CUS 56	Vallencourt Construction
09/30/19	CUS 57	Vallencourt Construction 09/30/19	CUS 58	Vallencourt Construction 09/30/19	CUS 59	Vallencourt Construction 09/30/19	CUS 60	Vallencourt Construction 11/30/19	CUS 61	Hopping Green & Sams 11/30/19	CUS 62	Prosser Inc.
11/30/19	CUS 63	Sundancer Sign Graphics
11/30/19	CUS 64	Sunstate Nursery & Landscaping Inc 11/30/19	CUS 65	Vallencourt Construction
11/30/19	CUS 66	Vallencourt Construction 11/30/19	CUS 67	Vallencourt Construction
11/30/19	CUS 68	Sunstate Nursery & Landscaping Inc 11/30/19	CUS 69	Vallencourt Construction
11/30/19	CUS 70 Vallencourt Construction 11/30/19	CUS 71 Vallencourt Construction 01/29/20	CUS 72 Prosser Inc.
01/29/20	CUS 73 Stephens Advertising, Inc.
01/29/20	CUS 74	Sunstate Nursery & Landscaping Inc 01/29/20	CUS 75	Vallencourt Construction
01/29/20	CUS 76	Vallencourt Construction 02/17/20	CUS 77	Prosser Inc.
02/17/20	CUS 78	Sunstate Nursery & Landscaping Inc 02/17/20	CUS 79	Vallencourt Construction
02/17/20	CUS 80	Vallencourt Construction 02/17/20	CUS 81	Vallencourt Construction 03/26/20	CUS 82	C&H Marine Construction 03/26/20	CUS 83	Prosser Inc.
03/26/20	CUS 84	Vallencourt Construction 03/26/20	CUS 85	Vallencourt Construction 04/30/20	CUS 86	Hopping Green & Sams 04/30/20	CUS 87	Prosser Inc.
04/30/20	CUS 88	Sunstate Nursery & Landscaping Inc	
8,213,932.69
1,189,241.18
31,074.97
9,434,248.84

Amount

(29,534.00)
(26,878.18)
(151,800.00)
(124,216.45)
(169,501.04)
(264,630.66)
(254,330.66)
(227,517.10)
(67,475.12)
(5,070.00)
(16,157.07)
(37,340.00)
(146,675.87)
(71,463.60)
(124,019.58)
(224,236.39)
(162,993.40)
(88,559.77)
(371,089.05)
(166,568.74)
(3,697.19)
(2,998.77)
(138,825.10)
(181,721.86)
(99,838.17)
(19,675.00)
(87,421.91)
(171,723.52)
(485,700.20)
(229,796.11)
(62,240.00)
(68,458.25)
(536,511.38)
(280,336.16)
(11,526.24)
(15,440.16)
(45,000.00)	

Status
as of 08/31/20

Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared Cleared
Cleared	

Construction Custody Account Activity Through August 31, 2020

04/30/20	CUS 89	Vallencourt Construction	(60,354.68)	Cleared	
04/30/20	CUS 90	Vallencourt Construction	(410,408.26)	Cleared	
04/30/20	CUS 91	Vallencourt Construction	(405,239.10)	Cleared	
04/30/20	CUS 92	Vallencourt Construction	(441,637.35)	Cleared	
05/31/20	CUS 93	Prosser Inc.	(9,849.61)	Cleared	
05/31/20	CUS 94	Sundancer Sign Graphics	(18,015.00)	Cleared	
05/31/20	CUS 95	Sunstate Nursery & Landscaping Inc	(178,650.00)	Cleared	
05/31/20	CUS 96	Vallencourt Construction	(330,828.33)	Cleared	
05/31/20	CUS 97	Vallencourt Construction	(400,898.74)	Cleared	
06/24/20	CUS 98	Prosser Inc.	(78,644.38)	Cleared	
06/24/20	CUS 99	Vallencourt Construction	(167,870.72)	Cleared	
06/24/20	CUS 100	Vallencourt Construction	(83,245.52)	Cleared	
06/24/20	CUS 101	Vallencourt Construction	(156,870.11)	Cleared	
07/30/20	CUS 102	C&H Marine Construction	(25,256.00)	Cleared	
07/30/20	CUS 103	Prosser Inc.	(7,389.00)	Cleared	
07/30/20	CUS 104	Sundancer Sign Graphics	(32,550.00)	Cleared	
07/30/20	CUS 105	Sunstate Nursery & Landscaping Inc	(266,334.16)	Cleared	
07/30/20	CUS 106	Vallencourt Construction	(148,520.71)	AP	
08/26/20	CUS 107	Void	0.00	Void	
08/26/20	CUS 108	Hopping Green & Sams	(2,645.00)	AP	
08/26/20	CUS 109	Prosser Inc.	(15,278.31)	AP	
08/26/20	CUS 110	Sundancer Sign Graphics	(14,665.00)	AP	
08/26/20	CUS 111	Sunstate Nursery & Landscaping Inc	(229,126.05)	AP	

Total Construction Requisitions:	(8,655,242.73)

Total Requisitions:		
(8,655,242.73)	
Retainage:		(779,006.11)	
Total Outflows:		(9,434,248.84)	
Series 2018 Construction Custody Fund Balance at August 31, 2020 $	(0.00)	

Outstanding Contracts, net of retainage:			
Prosser	$	22,725.00	
Sunstate Nursery & Landscaping		100,524.66	
Vallencourt Construction, Inc.		238,913.98	
Contract Sub Total		362,163.64	

Committed Funds to be Provided by Developer $	
357,331.80	

Supplemental Construction Account- Series 2020

Construction & COI Account Activity Through August 31, 2020

Inflows:	
Developer Contribution Due from Developer	
$	
- 43,240.72	
		
Total Inflows:	
43,240.72	
Outflows:	Requisitions				
Requisition Date	Requisition Number	

Contractor	

Amount	Status
As of 08/31/20	

8/26/2020	SUP 1	Besch & Smith Civil Group	(38,916.65)	AP

Total Requisitions:	(38,916.65)

Total Requisitions:	(38,916.65)	
Retainage:	(4,324.07)	
Total Outflows:	(43,240.72)	
Series 2020 Construction Fund Balance at August 31, 2020	$	(0.00)	

Outstanding Contracts, net of retainage:
Besch & Smith Civil Group	

$	4,259,614.86	
Contract Sub Total	4,259,614.86	

Committed Funds to be Provided by Developer  $	4,259,614.86

Tab 5

TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT

DISTRICT OFFICE · 2806 N. FIFTH STREET · UNIT 403 · ST. AUGUSTINE, FLORIDA 32084

August 24, 2020

RIZZETTA & COMPANY, INC.
Trout Creek, Custody Account Attn: Bill James
2806 N. Fifth Street, Unit 403 St. Augustine, FL 32084

RE:	Custody Account, Series 2018	
	Requisitions for Payment	
Dear Bill:		

Below please find a table detailing the enclosed requisition(s) ready for payment from the Districts Acquisition/Construction Trust Account.

PLEASE EXPEDITE PAYMENT TO THE PAYEE(S) AS FOLLOWS:

All checks should be sent overnight delivery via UPS

REQUISITION NO.	PAYEE	AMOUNT	
CUS 102	C&H Marine	$25,256.00	
CUS 103	Prosser, Inc.	$7,389.00	
CUS 104	Sundancer Sign Graphics	$32,550.00	
CUS 105	Sunstate Nursery & Landscaping	$266,334.16	

If you have any questions regarding this request, please do not hesitate to call me at (904) 436-6270. Thank you for your prompt attention to this matter.

Sincerely,
TROUT CREEK
COMMUNITY DEVELOPMENT DISTRICT

Melissa Dobbins District Manager

TROUT CREEK COD
FORM OF REQUISITION FOR SERIES 2018
The undersigned, an  Authorized  Officer of Trout Creek  Community  Development  District  (the "District")  hereby submits the following requisition for disbursement  under  and pursuant to the terms of the Master Trust Indenture from the District  to The Bank of New York Mellon Trust Company, N.A., as trustee (the "Trustee") dated as of July 9, 2018, (the "Master Indenture"), as amended and supplemented by the First Supplemental Indenture from the District to the Trustee, dated as of July 9, 2018
(the Master Indenture as amended and supplemented is hereinafter referred to as the in denture") (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture):

July 23, 2020

Requisition Number: CUS 102

Name of Payee:	C & H Marine Construction
417 Stowe Ave.
SuiteB
Orange Park, FL 32073
Amount Payable: $25,256 J
(D)	Inv #'s 4188 & 4218

(E)	Fund or Account and Subaccount, if any, from which disbursement to be made: SunTrust Custody Account

The undersigned hereby certifies that the obligations in the stated amount set forth above have been incurred by the District , that each disbursement set forth above is a proper charge against the Series 2018 Acquisition and Construction Account, and the subaccount , if any, referenced above, that each disbursement set forth above was incurred in connection with the acquisition and construction of the 2018 Project and each represents a Cost of the 2018 Project, and has not previously been paid or this requisition is for Costs oflssuance payable from the Costs oflssuance Account that has not previously been paid.

The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.

If this requisition is for a disbursement from other than the Costs of Issuance Account or for payment of capitalized  interest,  there shall be attached a resolution of the Governing Body of the District  approving this  requisition  or approving the specific contract  with respect to which disbursements pursuant to this requisition are due and payable.
Attached hereto are copies of the invoice(s) from the vendor of the property acquired or services rendered with respect to which disbursement is hereby requested.

TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT

BY: - - - - - - - - - - - - - - - -
CHAIRMAN OR VICE-CHAIRMAN

CONSULTING ENGINEER'S APPROVAL FOR NON-COST OF ISSUANCE AND CAPITALIZED INTEREST REQUESTS ONLY
CJ

TROUT CREEK COD
FORM OF REQUISITION FOR SERIES 2018
The undersigned, an  Authorized  Officer of Trout Creek  Community  Development  District  (the "District")  hereby submits the following requisition for disbursement  under  and pursuant to the terms of the Master Trust Indenture from the District  to The Bank of New York Mellon Trust Company, N.A., as trustee (the "Trustee") dated as of July 9, 2018, (the "Master Indenture"), as amended and supplemented by the First Supplemental Indenture from the District to the Trustee, dated as of July 9, 2018
(the Master Indenture as amended and supplemented is hereinafter referred to as the in denture") (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture):

July 23, 2020

Requisition Number: CUS 102

Name of Payee:	C & H Marine Construction
417 Stowe Ave.
SuiteB
Orange Park, FL 32073
Amount Payable: $25,256 J
(D)	Inv #'s 4188 & 4218

(E)	Fund or Account and Subaccount, if any, from which disbursement to be made: SunTrust Custody Account

The undersigned hereby certifies that the obligations in the stated amount set forth above have been incurred by the District , that each disbursement set forth above is a proper charge against the Series 2018 Acquisition and Construction Account, and the subaccount , if any, referenced above, that each disbursement set forth above was incurred in connection with the acquisition and construction of the 2018 Project and each represents a Cost of the 2018 Project, and has not previously been paid or this requisition is for Costs oflssuance payable from the Costs oflssuance Account that has not previously been paid.

The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.

If this requisition is for a disbursement from other than the Costs of Issuance Account or for payment of capitalized  interest,  there shall be attached a resolution of the Governing Body of the District  approving this  requisition  or approving the specific contract  with respect to which disbursements pursuant to this requisition are due and payable.
Attached hereto are copies of the invoice(s) from the vendor of the property acquired or services rendered with respect to which disbursement is hereby requested.

TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT

BY: - - - - - - - - - - - - - - - -
CHAIRMAN OR VICE-CHAIRMAN

CONSULTING ENGINEER'S APPROVAL FOR NON-COST OF ISSUANCE AND CAPITALIZED INTEREST REQUESTS ONLY
CJ

the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture from the District to The Bank of New York Mellon Trust Company, N.A., as trustee (the "Trustee") dated as of July 9, 2018, (the "Master Indenture"), as amended and supplemented by the First Supplemental Indenture from the District to the Trustee, dated as of July 9, 2018
(the Master Indenture as amended and supplemented is hereinafter referred to as the in  denture")  (all capitalized  terms used herein shall have the meaning ascribed to such term in the Indenture):

July 23, 2020

Requisition Number: CUS 103

Name of Payee:	Prosser, Inc.
13901 Sutton Park Drive South, Suite 200 Jacksonville, FL 32224

Amount Payable: $7,389.00/

Invoice # 44173 for Professional Services

Fund or Account and Subaccount, if any, from which disbursement to be made: SunTrust Custody Account

The undersigned hereby certifies that the obligations in the stated amount set forth above have been incurred by the District, that each disbursement set forth above is a proper charge against the Series 2018 Acquisition and Construction Account, and the subaccount, if any, referenced above, that each disbursement set forth above was incurred in connection with the acquisition and construction of the 2018 Project and each represents a Cost of the 2018 Project, and has not previously been paid or this requisition is for Costs of Issuance payable from the Costs of Issuance Account that has not previously been paid.

The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.

If this requisition is for a disbursement from other than the Costs of Issuance Account or for payment of capitalized interest, there shall be attached a resolution of the Governing Body of the District approving this requisition or approving the specific contract with respect to which disbursements pursuant to this requisition are due and payable.
Attached hereto are copies of the invoice(s) from the vendor of the property acquired or services rendered with respect to which disbursement is hereby requested.

TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT

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

BY:
CHAIRMAN OR VICE-CHAIRMAN

CONSULTING ENGINEER'S APPROVAL FOR NON-COST OF ISSUANCE AND CAPITALIZED INTEREST REQUESTS ONLY

If this requisition is for a disbursement for other than Capitalized Interest or Costs of Issuance, the undersigned Consulting Engineer hereby certifies that this disbursement is for a Cost of the 2018 Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for portion of the 2018 Project with respect to which such disbursement is being made; and, (iii) the report of the Consulting Engineer attached as an Exhibit to the First Supplemental Indenture, as such report shall have been
amended or modified on the date hereof.

BY: 0-=1=s=T=r=u cT= :-=l'-:G:-,=I=N-E=E=R=-    -    -    -    -

the following requisition for disbursement under  and pursuant to the tenns of the Master Trust Indenture from the District to The Bank of New York Mellon Trust Company, N.A., as trustee (the "Trustee") dated as of July 9, 2018, (the "Masterlndenture"), as amended and supplemented by the First Supplemental Indenture from the District to the Trustee, dated as of July 9, 2018
(the Master Indenture as amended and supplemented is hereinafter referred to as the in denture")  (all  capitalized  terms used herein shall have the meaning ascribed to such tenn in the Indenture):

July 23, 2020

Requisition Number: CUS 104

Name of Payee:	Sundancer Sign Graphics

I

11259-3 Business Park Blvd Jacksonville, FL 32256

Amount Payable: $32,550.00

Invoice #'s 2482, 2530, 2531 for Sign Installation

Fund or Account and Subaccount, if any, from which disbursement to be made: SunTrust Custody Account

The undersigned hereby certifies that the obligations in the stated amount set forth above have been incurred by the District, that each disbursement set forth above is a proper charge against the Series 2018 Acquisition and Construction Account, and the subaccount, if any, referenced above, that each disbursement set forth above was incurred in connection with the acquisition and construction of the 2018 Project and each represents a Cost of the 2018 Project, and has not previously been paid or this requisition is for Costs of Issuance payable from the Costs of Issuance Account that has not previously been paid.

The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.

If this requisition is for a disbursement from other than the Costs of Issuance Account or for payment of capitalized interest, there shall be attached a resolution of the Governing Body of the District approving this requisition or approving the specific contract with respect to which disbursements pursuant to this requisition are due and payable.
Attached hereto are copies of the invoice(s) from the vendor of the property acquired or services rendered with respect to which disbursement is hereby requested.

TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT

-

BY:
 
CHAIRMAN OR VICE-CHAIRMAN

CONSULTING ENGINEER'S APPROVAL FOR NON-COST OF ISSUANCE AND CAPITALIZED INTEREST REQUESTS ONLY

If this requisition is for a disbursement for other than Capitalized Interest or Costs of Issuance, the undersigned Consulting Engineer hereby certifies that this disbursement is for a Cost of the 2018 Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for portion of the 2018 Project with respect to which such disbursement is being made; and, (iii) the report of the Consulting Engineer attached as an Exhibit to the First Supplemental Indenture, as such report shall have been
amended or modified on the date hereof.

BY: -o==rs==T-R=I=c=c-T1=--=Gc=I=NEE=R=-    -    -    -	-

TROUT CREEK COD
FORM OF REQUISITION FOR 2018 PROJECT

The undersigned,  an  Authorized  Officer  of  Trout  Creek  Community  Development  District  (the "District")  hereby  submits the following requisition for disbursement under and pursuant to the terms of the 2018 Project.

July 23, 2020

Requisition Number: CUS 105

Name of Payee:	Sunstate Nursery & Landscaping
9362 Phillips Highway
Jacksonville, FL 32256

Amount Payable: $266,334.16 /

Pay App #4515 Shearwater Phase 2D

Account from which disbursement to be made: SunTrust Custody Account

The undersigned hereby certifies that the obligations in the stated amount set forth above have been incurred by the District, that each disbursement set forth above is a proper charge against the Custody Account, that each disbursement set forth above was incurred in connection with the acquisition and construction of the 2018 Project and each represents a Cost of the 2018 Project, and has not previously been paid.

The undersigned  hereby further  certifies that  there  has not been filed with or served upon the  District  notice of any  lien,  right to lien, or attachment upon, or claim  affecting the  right  to receive payment  of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.

If this requisition is for a disbursement from the Custody account, it is hereby represented by the undersigned that the Governing  Body of the District has approved this requisition or has approved the specific contract with respect to which disbursements pursuant to this requisition are due and payable.

Attached hereto are originals or duplicate copies of the invoice(s) from the vendor of the property acquired or services rendered with respect to which disbursement is hereby requested.

TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT

BY: _ _ _ _ _ _ _ _ _ _ _ _ _ _
CHAIRMAN OR VICE-CHAIRMAN

CONSULTING ENGINEER'S APPROVAL

The undersigned Consulting Engineer hereby certifies that this disbursement is for a Cost of the 2018 Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for corresponding 2018 Project Segment and portion of the 2018 Project with respect to which such disbursement is being made; and, iii) the report of the Consulting Engineer.

STAFF REPORTS

District Counsel

District Engineer

Construction Administrator

Amenity and Maintenance Reports

Tab 6

CCMC
Now-this feels like home.®

BOARD OF DIRECTORS 322 PASEO DRIVE
SEPTEMBER MANAGEMENT REPORT ADMINISTRATIVE OPERATIONS:
For questions regarding the Administrative/Operations report, please contact Jill Flores, Community Director at jill@myshearwater.com or call 904-342-3737.

Staff will continue working on our priority action list, which includes the following items:

Maintenance contract transition
Amenity Re-Opening plan
Dog Park Gate Issues

VENDOR:
Met with AT&T for internet issues
Met with Mulch Masters in regard to mulch install ACTIVITIES:
The following events were executed this month: Monday Food Trucks, Lifestyle Busy Kits LANDSCAPE:
Verdego report under separate cover.

Tab 7

Trout Creek CDD
Proposal for Pool Maintenance, General Maintenance and Janitorial Services

Vesta Property Services, Inc.
245 Riverside Avenue, Suite 250
Jacksonville, Florida 32204
(904) 355-1831

Services

Swimming Pool Maintenance
Check pool water quality and complete equivalent to DH Form 921 3/98 Swimming Pool Report, as required by Chapter 64E-9.004(13), FAC, per site visit.
Conduct necessary tests for proper pool chemicals as required to maintain water quality levels within requirements of Chapter 64E-9.004(d).
Operate filtration and recirculation systems, backwashing as needed. Clean all filters and strainers. Maintain pool at proper water level and maintain flow rates and filtration rates. Check valves for leaks, as well as other components, and maintain in proper condition.
Manually skim, brush and vacuum pools as needed.
Straighten all pool furniture.
Provide additional treatments as required.
Cleaning of waterline tiles.
Advise the community of any necessary repairs, cleaning, or replacement items required due to “normal wear & tear,” “acts of God,” or vandalism.
NOTE: Chemicals required to maintain all bodies of water on a daily basis are included. Chemicals and materials required for special treatments such as stains, metals sequestering, foam removal, oil removal, phosphate and nitrate removal, mustard and black algae treatment shall be used as needed and billed directly to the district. Additional service and/or chemicals required due to extreme weather conditions shall also be billable.

General Facility Maintenance
Daily cleaning of all outdoor structures.
Thorough removal of debris and trash in and around the facility.
Clean soffits, ceiling fans, light fixtures and all outdoor ceiling surfaces.
Blow off entire pool deck and all entryways.
Removal of spider webs, wasps’ nests, mud daubers, etc.
Maintain 4 tennis courts. Regular maintenance includes brushing, rolling and lining of all courts. Regular maintenance of the irrigation system. Inspection and repair of windscreens. Removal and application of surface material as needed.
Spot pressure wash pool deck and walkways as needed.
Regular inspection of playground equipment
Simple repairs as able.
Projects as assigned.
Address (and report) safety hazards immediately.
Inspection of electrical systems as able
Maintain an up-to-date equipment manufacturers manual and warranty information.
Work with appropriate professionals in overseeing the Building’s various systems.
Inform the Community Manager of any needed or anticipated facility repairs.
Attend community staff meetings as required.

Janitorial Services

Areas include: The Hub, Conference Room, Kayak Club, Grill Pavilion,
Dance Studio, Fitness Lodge, Birds Nest and all associated restrooms. Common grounds throughout the community as directed.
Maintain general appearance of all indoor spaces by vacuuming carpet, dusting of all fixtures, mopping floors, cleaning windows, bathrooms, counters and tiled areas.

Window cleaning includes window ledges and blinds.
Bathroom cleaning includes all toilets, bases behind toilets, counters, mirrors and shower stalls. Soap dispensers shall be cleaned and filled when necessary. Paper product dispensers shall be restocked as needed.
Dusting includes the cleaning of window ledges, vents, furniture bases, shelves, picture frames, counter tops, tables, televisions and fitness equipment.
Straightening of all furniture and fixtures.
Removal of all interior trash.
Removal of trash from Tot Lot.
Storage closets shall be kept in an orderly condition. Equipment and cleaning supplies shall be properly stored as well.
Note: Should extraordinary cleaning services be required (as agreed to by the Community Manager), such special janitorial services and/or equipment/supplies shall be billable to the District.

Common Grounds Maintenance
Duties include:
Removal of naturally occurring and construction debris from the following areas:
Right-of-ways
Community entrance areas
Walking paths
Preserves
Community Parks
Duties as assigned and as time allows.
Note: Three (3) hours are allocated weekly for this role. Additional hours will be billed at a $24 hourly rate.

MONTHLY FEES

Swimming Pool Maintenance = $1,976.00
General Facility and Common Grounds Maintenance = $4,987.67
Janitorial Maintenance = $2,120.00

Vesta shall provide the above services from October 1st, 2020 through December 31st, 2020. In the event services are requested beyond the December 31st termination date, Vesta is prepared to extend the agreement an additional three months contingent that Vesta is notified of said request on or before November 16th, 2020.

OTHER

Insurance:
Vesta shall carry general liability coverage of at least $1,000,000, including employer’s liability coverage of $250,000.00, as well as professional liability insurance.
Vesta shall be responsible for all necessary insurance payments (including workman’s compensation), payroll taxes, and the provision of various benefits on behalf of its staff.

Uniforms:
Staff shall wear Shearwater uniforms, provided by Vesta

Mileage:
Vesta shall be responsible for regular mileage within the community while on site however, any mileage incurred offsite for the benefit of the community such as acquiring parts or supplies for repairs or in an effort to avoid delivery fees, shall be billable to the community. Trips that will result in a mileage expense must be approved by the District Manager or Community Director. Mileage will be reimbursed consistent with the IRS rate. A mileage report will be submitted with the invoice stating the date, miles and purpose.

Storm preparation and recovery:
Additional hours incurred for the purposes of preparing the facility for extreme weather conditions or recovery after a storm event are billable at a rate of $27.00 hourly.

Emergency services:
In the event an immediate response is required, a billing rate of $55 an hour will be charged with a three-hour minimum.

Terms:
Vesta shall invoice twice monthly.
Invoices shall be paid net thirty (30) days upon receipt.
Residents shall pay $20.00 per hour for staffed, private rentals of the amenities.

MAINTENANCE:

Replaced filter strainer for lap pool controller
Repaired rain chain at rear of fitness lodge

Added cynaric acid to pools
Deep cleaned controller cabinet

Added rock to low area in pump room

Repaired ladder at rec pool

Added bicarbonate to pools
Placed order with Poolsure
Hammerhead battery has a bad cell, need replaced
Treated ant hills outside of Kayak Club
Changed ring camera batteries
Heavy debris falling, trees needs to be trimmed
Remove broken loungers from deck
Cleaned cartridge filter for water features
Repaired doors at rear of fitness lodge

Repaired climb net at tot lot

Replaced handle on seesaw at overlook park

Picked up trash at overlook

Thank you for allowing us to be part of the Shearwater Family! Jill Flores
Community Director

Tab 8

Lifestyle Report

SHEARWATER
A VITAL COMMUNITY
Prepared By: Remy Pugh

August/September Lifestyle Report
Shearwater

Item	Numbers	
# of Rentals
07/18 – 08/18	Club: 0
Pavilion: 0
Conference: 0	
# of Rentals
FYTD	Club: 0
Pavilion: 0
Conference: 0	
HUB Café Sale
07/18 – 08/18	
$0.00	
HUB Café Sale
FYTD	
$4,763.79	
Mobile App
Users	
Apple: 1,348
Google: 139	
Facebook Group Users	
632	
eNewsletter
recipients	
1,439	
eNewsletter
Open Rate
07/18 – 08/18	

64%	
eNewsletter
Click Rate 07/18 – 08/18	

11%	

Events	Attendees	
Monday Night Food Trucks	Est. 350	
Chick-Fil-A Nights	Est. 140	
Blood Drive	8/25: + 8/29:
44	
Labor Day
Scavenger Hunt	

Est: 70	
Back to School
Goodie Bags	

Passed Out: 170	
Mama/Papa
Bear Kits	
Mama Bear: 118
Papa Bear: 56	

Lifestyle Events

Monday Night Food Trucks
On Monday nights, residents pop down to the Kayak Club to pickup a to-go order of delicious food prepared by local food trucks. Our residents really enjoy the ease and convenience of food trucks in their community. While our entertainment activities centered around food trucks (live music, trivia, bingo) have yet to resume, our residents are just as happy to have more dinner options to enjoy at home with the family.

Chick-Fil-A Nights
Chick-fil-A Nights have returned to the Kayak Club, for to-go dinner our residents can enjoy at home! Chick-fil-A is scheduled to park their service-only trailer in front of the Kayak Club from 5:30 p.m. t0 6:30 p.m. on the 2nd and 4th Tuesday of every month. A select menu is available, with all food served on a first come, first served basis. Residents can even have their order ready before they arrive, by calling ahead.

Blood Drive
Both blood drive days were very successful. Residents reserved their donation times in advance. Each time slot was filled days before the blood drive. I am planning to have the Big Red Bus return in October for those who couldn’t donate in August. In total, 44 residents donated blood.

First Day of School Goodie Bags
The students of Timberlin Creek Elementary absolutely loved their first day of school goodie bags and their parents were very grateful and appreciative of this kind gesture. A great first day treat.

Labor Day Scavenger Hunt
We’ve received several positive comments on the clues and how much fun our Labor Day Scavenger Hunt was. The hunt was quick, fun and easy for residents and their children to participate in. To boost resident engagement on our Facebook page, I asked all residents to take a photo with their prize to enter for a chance to win a household prize the following day. This incentive really encouraged residents to share their photos and comments.

www.myshearwater.com

#ShearwaterLife #ShearwaterLiving #ShearwaterHappyPlace #ShearwaterRocks

TAB 9

VerdeGo
PO Box 789, Bunnell, FL 32110
386-437-3122 - Bunnell
904-797-7474 – St. Augustine

LANDSCAPE STATUS REPORT

REPORT SUMMARY

REPORT DATE	PROPERTY NAME	PREPARED BY	MONTH OF SERVICE	
09/22/2020	Shearwater	Jaime Constancio	September

COMPLETED IN SEPTEMBER

SERVICES SUMMARY

Continuing with removing and treating weeds in planter beds across property
Full-Service Maintenance (Mowing/Edging/String Trimming/Blowing)
Detail Work (Weeding & Pruning)
Tree & Shrub Fertilization/IPM

ANTICIPATED FOR NEXT MONTH

Treating for the Sutty Mold on Viburnum and other pests washing off
Full-Service Maintenance (Mowing/Edging/String Trimming/Blowing)
Detail Work (Weeding & Pruning)
Tree & Shrub Fertilization/IPM

TURF

COMMENTS

Very poor conditions in many areas across the property, dead sod, cinch bug and other areas that have failed across property. Many areas with Torpedo grass which needs to be treated sprayed dead and install new Saint Augustine turf.

TREES & SHRUBS

Many beds are fully of grasses and torpedo grass evasive species in smaller planter beds. Etc. along Atlas we have several planters that are more weeds than plants. We will recommend spraying everything dead and removing and replant. The amount of time and chemicals
spent to try and correct this will be a waste of our resources.

PLANT BEDS

Spraying out weeds and grasses and torpedo grass where it makes sense. Also to give us time to return to retreat smaller areas of concern instead of killing off and having to replant. We will monitor progress and report back.

OTHER

Our progress has been good, we see a big difference in the overall appearance of the property, we still have many more treatments to get the seeds from all the weeds with the rains controlled and it will take several weeks to get this under control. We have worked on and

sprayed around the lake bed planters and trails. We have been going through and blowing the trails. We still need to work on trail entries to open the view as you come out so we don't have any pedestrian or traffic issues with bikes and such.

Page 2

Tab 10

 	6869 Phillips Pkwy. Dr. South  Jacksonville Fl. 32256	
Fax: 904-807-9158	Phone: 904-997-0044

Service Report
Date: August 18 & 26, 2020	Biologist: Jim Charles

Client: Trout Creek CDD

Waterways: 16 ponds

Conditions: Mostly sunny, 76 F and calm winds.

Entry Pond: Pond was an 8 (good condition). Water level is normal. Water fall columns still looking good.

Amenity Pond: This pond was an 8 (good). Water level is normal. Checked fish barrier.

Pond 1a: This pond was an 8 (good condition). Water level is normal.

Pond 1b: This pond was a 7 (good condition). Water level is normal.

Pond 2b: This pond was an 8 (good). Pond level is normal. Inspected fish barrier.

Pond 3a: This pond was a 7 (good condition). Water level is normal.

Pond 7a: Pond was a 9 (very good condition). Water level is normal.

Pond 7b: Pond was a 7 (improving condition). Water level is normal.

Pond 8a: Pond was a 7 (good condition). Water level is normal.

Pond 9a: Pond was an 8 (good condition). Water level is normal. Treatment for algae and submersive weeds on the 18th had very good results as seen on the 26th.

treatment last month for torpedo grass, maiden cane and minor cattails had good results.

Pond 10c: Pond was a 7 (fair condition). Water level is normal.

Pond 10d: Pond was a 7 (improving condition). Water level is normal.

Jim Charles

TAB 11

Aquatic Management Agreement

This Agreement dated effective to start 	_, 2020, is made between Charles Aquatics, Inc., a Florida Corporation, and

Name    Trout Creek  CDD c/o Melissa Dobbins, Rizzetta & Company	

Address

2806 N Fifth St, Unit 403	

City	St Augustine	State	FL	Zip	32084	

Phone	904-436-6270	
Fax	
_		
E-Mail	mdobbins@rizzetta.com_	

Hereinafter called “CLIENT”.				

Charles Aquatics, Inc., agrees to provide aquatic management services in accordance with the terms and conditions of this Agreement and within all applicable governmental regulations for a period of thirty six
(36) months from the date of the execution of this Agreement at the following location(s): Twenty-four
(24) ponds located at Trout Creek CDD in St. Johns County, FL.
CLIENT agrees to pay Charles Aquatics, Inc. , the following sum(s) for the listed aquatic management services:

Current Monthly Aquatic Management Services of 23 Ponds	$ 1,482./mo.
Additional 1 proposed pond (Pond 9B)	$ 79./mo.
For a total Monthly Total of 24 ponds	$ 1,561./mo.
Free Call back service within 24 hours	$ Included
Comprehensive Service Reports following each treatment	$ Included
Pollution Liability Insurance	$ Included
Grass Carp stocking (Upon Approval)	$ 7.50/fish
Permitting for Grass Carp	$ Included
Fabrication and Installation of Aluminum Fish Barriers	$ 45./sf
.
The terms and conditions in this entire Agreement (to include pages 2 and 3) form an integral part of this Agreement and the CLIENT hereby acknowledges that he has read, is familiar with, has checked and initialed all boxes listing DISCLOSURE conditions (a) through (i) on page 2, and will comply with the contents thereof.

CLIENT
Signed	 	

Print Name

-1-
(Aquatic Management Agreement continued on page 2)

Payment schedule is as follows:
Payment for the initial month of aquatic management services is due upon execution of this Agreement.
Payment for the balance of the aquatic management services is payable in eleven (11) equal payments due the first day of each month.

Aquatic management services stated in this Agreement will commence within ten (10) days of the execution of this
Agreement by the CLIENT.

The offer contained herein is withdrawn and this Agreement shall have no further force and effect unless executed and returned by the CLIENT to Charles Aquatics, Inc. on or before August 31, 2020.

Terms and Conditions

Control Methods - Aquatic Management services will be provided by procedures consistent with environmentally safe water management practices using one or more of the following established methods and techniques where applicable and as indicated on page one (1) of this agreement for the control of aquatic weeds:

Chemical Control - Chemical control consists of periodic applications of aquatic herbicides and algaecides to control aquatic weeds and algae. When necessary and prior to treatment with aquatic herbicides or algaecides, oxygen tests will be conducted to ensure oxygen levels are adequate for fish and other aquatic life survival. There is no additional charge for indicated routine oxygen testing.
Biological Control - Biological control consists of the stocking of weed eating fish, primarily triploid grass carp. CLIENT acknowledges that prior to fish stocking, governmental permits may be required, and that there may be further requirements for the installation of fish barriers. Fish barrier installation is a separate service from fish stocking and may be provided at no additional cost.
Mechanical Removal - Mechanical removal consists of the physical removal of aquatic weeds from waterways. The disposal site of aquatic weeds will be determined by mutual agreement between Charles Aquatics, Inc. and the CLIENT. Mechanical removal of aquatic weeds may be performed at an additional cost to the Client. This Service is not included in this agreement.
Trash Removal – Trash removal consists of the physical removal of trash floating within and from the areas immediately surrounding the Client’s waterway(s) and may be provided at no additional cost.

Disclosure - CLIENT agrees to disclose, by checking and initialing boxes adjacent to subparagraphs (a) through (g) below, the existence of any of the following which presently exist or will be expected to exist in the treated waterway(s) during the entire term of this Agreement and any extension(s) thereof.
YES	NO	INITIALS
Water used for irrigating landscape around ponds is "effluent" or reclaimed water.	 	
Water from the treated waterway(s) is used for irrigation.	 	
Water from the treated waterway(s) is used for human or animal consumption.	 	
Treated waterways have been mitigated (government required aquatic planting)	 	 or are scheduled to be mitigated.
Any special use of treated waterway which may conflict with treatments.	 	
The  presence  of  fish   such  as  triploid   grass  carp,  tilapia   or  koi   in   the  treated	 	                                         waterway.
Restrictions on the use of any aquatic herbicides or algaecides in the waterways to be	 	                                              treated.
Existence  of  other  aquatic  management  programs  being  conducted  in  the  same	 	 waterway (s) which Charles Aquatics, Inc. is treating.
CLIENT agrees to provide Charles Aquatics, Inc. additional details on any conditions (s) checked “YES” in boxes adjacent subparagraphs (a) through (g) above on the spaces below:

CLIENT agrees that its failure to disclose any conditions (s) listed in (a) through (g) above may compromise Charles Aquatics’ capacity to adequately perform satisfactory aquatic management service and may necessitate renegotiation of the Agreement.
Any failure of CLIENT to disclose conditions listed in (a) through (g) above on the date of the execution of this Agreement which may hinder or significantly change Charles Aquatics’ ability to provide satisfactory aquatic management service does not relieve CLIENT’s obligation to pay Charles Aquatics, Inc. for service provided under the terms and conditions of this Agreement.
Disclosure by checking and initialing boxes listing certain conditions adjacent to subparagraphs (a) through (g) above may be cause for Client and Charles Aquatics, Inc. to renegotiate this Agreement prior to the provision of any service by Charles Aquatics, Inc.
-2-

(Aquatic Management Agreement continued page 3)

Time-Use Restrictions - When federal and state regulations require water time-use restrictions following the application of aquatic herbicides, Charles Aquatics, Inc., will notify the CLIENT in writing of such restrictions at the time of treatment. It shall be the responsibility of the CLIENT to comply with the restrictions throughout the required period of time-use restrictions. CLIENT understands and agrees that notwithstanding any other provisions of this Agreement, Charles Aquatics, Inc. does not assume any liability for failure by any party to be notified of, or comply with, the above time-use restrictions.

Access - CLIENT agrees to provide adequate access of aquatic management equipment to waterway(s) being treated. Adequate access will be determined by Charles Aquatics, Inc. and the Client. Access routes must be a minimum of ten (10) feet in width, and ten (10) feet high; must provide a firm surface for the passage of boats, boat trailers, and towing vehicles; must have a grade no greater than forty five (45) degrees; and not require crossing bulkheads surrounding waterways. In the event it is deemed there are not adequate access routes to waterways for aquatic management equipment, this Agreement may be terminated or renegotiated.

Effective Date - The effective date of this Agreement is the first day of the month in which aquatic management services are first provided.

Termination - Termination of this Agreement may be made in writing at any time by Charles Aquatics, Inc. or by the CLIENT. The effective date of any termination will be the last day of the month during which written notice is received by Charles Aquatics, Inc.

Renewal - Upon completion of this Agreement or any extension thereof, this Agreement shall be extended for a period equal to its original term unless terminated by either party. To compensate for economic forces beyond the control of CHARLES AQUATICS, Inc., Client agrees to pay an annual four percent (4%) increase for provided aquatic management services. The increase will be rounded off to the nearest dollar.

Insurance Coverage - Charles Aquatics, Inc. shall maintain the following insurance coverage: Automobile Liability, Property Damage and Product Liability. Workers’ Compensation coverage is also provided. Charles Aquatics, Inc. will submit copies of current insurance certificates upon request.

Disclaimer - Neither party to this Agreement shall be responsible for damages, penalties or otherwise any failure or delay in performance of any of its obligations hereunder caused by strikes, riots, acts of God, war, governmental orders and regulations, curtailment or failure to obtain sufficient materials or other force majeure condition (whether or not the same class or kind as those set forth above) beyond its reasonable control and which by the exercise of due diligence, it is unable to overcome.

Authorized Agent - CLIENT warrants that he is authorized to execute this Aquatic Management Agreement on behalf of the riparian owner and to hold Charles Aquatics, Inc., harmless for consequences of such service not arising out of the sole negligence of Charles Aquatics, Inc.

Monthly Payments - The monthly amount is firm for the entire term of the original Agreement. CLIENT understands that, for convenience the annual agreement payments will be distributed equally over a thirty six (36) month period and that individual monthly billings may not necessarily reflect fluctuating costs of service. CLIENT agrees to reimburse CHARLES AQUATICS, Inc. for any bank charges resulting from a returned check for insufficient funds.

Damages - Charles Aquatics, Inc. agrees to hold CLIENT harmless from any loss, damage or claims arising out of the sole negligence of Charles Aquatics, Inc. However, Charles Aquatics, Inc. shall in no event be liable to the CLIENT or to others, for indirect, special or consequential damages resulting from any cause whatsoever not caused by or resulting from the responsibility of Charles Aquatics, Inc.

Non-Payment, Default - In the case of non-payment by the CLIENT, Charles Aquatics, Inc. reserves the right following written notice to the CLIENT to terminate this Agreement, and reasonable attorneys’ fees and costs of collection shall be paid by the CLIENT, whether suit is filed or not. In addition, interest at the rate of one and one half percent (1.5%) per month may be assessed for the period of delinquency.

	Assignment of the Agreement - This Agreement is not assignable by the CLIENT except upon prior written consent by Charles Aquatics, Inc.

Alterations and Modifications - This three (3) page Agreement constitutes the entire Agreement of the Parties hereto and no oral or written alterations or modifications of the terms contained herein shall be valid unless made in writing and accepted by an authorized representative of both Charles Aquatics, Inc. and the CLIENT.

-3-

District Manager

Tab 12

DocuSign Envelope ID: B8686D97-3371-4992-8CCB-9BF560CFB191

RESOLUTION 2020-16

A RESOLUTION OF THE BOARD OF SUPERVISORS OF TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT DESIGNATING DATES, TIME AND LOCATION FOR REGULAR MEETINGS OF THE BOARD OF SUPERVISORS OF THE DISTRICT, AND PROVIDING FOR AN EFFECTIVE DATE

WHEREAS, Trout Creek Community Development District (hereinafter the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within St. Johns County, Florida; and

WHEREAS, the District’s Board of Supervisors (hereinafter the “Board”) is statutorily authorized to exercise the powers granted to the District; and

WHEREAS, all meetings of the Board shall be open to the public and governed by the provisions of Chapter 286, Florida Statutes; and

WHEREAS, the Board is statutorily required to file annually, with the local governing authority and the Florida Department of Economic Opportunity, a schedule of its regular meetings.

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

Section 1. Regular meetings of the Board of Supervisors of the District shall be held as provided on the schedule attached as Exhibit “A”.

Section 2. In accordance with Section 189.015(1), Florida Statutes, the District’s Secretary is hereby directed to file annually, with St. Johns County, a schedule of the District’s regular meetings.

Section 3. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED THIS 1st DAY OF SEPTEMBER 2020.

TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT

CHAIRMAN / VICE CHAIRMAN

SECREATARY / ASSISTANT SECRETARY

ATTEST:

EXHIBIT “A”
TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS MEETING DATES
FOR FISCAL YEAR 2020/2021

October 6, 2020*
November 3, 2020*
December 1, 2020
February 2, 2021
March 2, 2021
April 6, 2021
May 4, 2021
June 1, 2021
August 3, 2021
September 7, 2021

All meetings will convene at 3:00 p.m.
at the Shearwater Amenity Center located at 100 Kayak Way, St. Augustine, FL 32092
(except for those marked *, which will convene at Office of Freehold Capital Management located at
322 Paseo Reyes Drive St. Augustine, FL 32095)

Tab 13

SECOND ADDENDUM TO THE CONTRACT FOR
 	PROFESSIONAL DISTRICT SERVICES	

This SECOND Addendum to the Contract for Professional District Services (this “Addendum”), is made and entered into as of the 	, 2020 (the “Effective Date”), by and between Trout Creek Community Development District, a local unit of special purpose government established pursuant to Chapter 190, Florida Statutes, located in St. Johns County, Florida (the “District”), and Rizzetta & Company, Inc., a Florida corporation (the “Consultant”).

RECITALS

WHEREAS, the District and the Consultant entered into the Contract for Professional District Services dated October 1st, 2018 (the “Contract”), incorporated by reference herein; and

WHEREAS, the District and the Consultant desire to amend Exhibit B - Schedule of Fees of the Fees and Expenses, section of the Contract as further described in this Addendum; and

WHEREAS, the District and the Consultant each has the authority to execute this Addendum and to perform its obligations and duties hereunder, and each party has satisfied all conditions precedent to the execution of this Addendum so that this Addendum constitutes a legal and binding obligation of each party hereto.

NOW, THEREFORE, based upon good and valuable consideration and the mutual covenants of the parties, the receipt of which and sufficiency of which is hereby acknowledged, the District and the Consultant agree to the changes to amend Exhibit B - Schedule of Fees attached.

The amended Exhibit B - Schedule of Fees are hereby ratified and confirmed.
All other terms and conditions of the Contract remain in full force and effect.

IN WITNESS WHEREOF the undersigned have executed this Addendum as of the Effective Date.

1

Therefore, the Consultant and the District each intend to enter this Addendum, understand the terms set forth herein, and hereby agree to those terms.

ACCEPTED BY:

RIZZETTA & COMPANY, INC.

BY:

PRINTED NAME:	 William J. Rizzetta	 TITLE:	 President	
DATE:	 	

WITNESS:	 	
Signature Print Name
TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT

BY:		 PRINTED NAME:	 	
TITLE:	 Chairman/Vice Chairman	

DATE:			 ATTEST:

Vice Chairman/Assistant Secretary Board of Supervisors

Print Name
Exhibit B – Schedule of Fees

2

EXHIBIT B
Schedule of Fees

STANDARD ON-GOING SERVICES:

Standard On-Going Services will be billed in advance monthly pursuant to the following schedule:

ANNUALLY	MONTHLY		
Management:	$ 1,622.25	$19,467	
Administrative:	$	404.17	$ 4,850	
Accounting:	$ 1,622.25	$19,467	
Financial & Revenue Collections:	$	416.67	$ 5,000	
Assessment Roll (1):		$ 5,250	
Total Standard On-Going Services:	$ 4,065.34	$54,034	

(1) Assessment Roll is paid in one lump-sum payment at the time the roll is completed.

3

ADDITIONAL SERVICES:			
Extended and Continued Meetings	Hourly	$ 180.25	
Special/Additional Meetings	Per Occurrence	Upon Request	
Modifications and Certifications to			
Special Assessment Allocation Report	Per Occurrence	Upon Request	
True-Up Analysis/Report	Per Occurrence	Upon Request	
Re-Financing Analysis	Per Occurrence	Upon Request	
Bond Validation Testimony	Per Occurrence	Upon Request	
Special Assessment Allocation Report	Per Occurrence	Upon Request	
Bond Issue Certifications/Closing Documents	Per Occurrence	Upon Request	
Electronic communications/E-blasts	Per Occurrence	Upon Request	
Special Information Requests	Hourly	Upon Request	
Amendment to District Boundary	Hourly	Upon Request	
Grant Applications	Hourly	Upon Request	
Escrow Agent	Hourly	Upon Request	
Continuing Disclosure/Representative/Agent	Annually	Upon Request	
Community Mailings	Per Occurrence	Upon Request	
Response to Extensive Public			
Records Requests	Hourly	Upon Request	

PUBLIC RECORDS REQUESTS FEES:

Public Records Requests will be billed hourly to the District pursuant to the current hourly rates shown below:

JOB TITLE:	HOURLY RATE:

Senior Manager	$ 54.00	
District Manager	$ 42.00	
Accounting & Finance Staff	$ 29.00	
Administrative Support Staff	$ 25.00	

LITIGATION SUPPORT SERVICES:	Hourly	Upon Request	
ADDITIONAL THIRD-PARTY SERVICES:	
Pre-Payment Collections/Estoppel/Lien Releases:
Lot/ Homeowner	Per Occurrence	
Upon Request	

4

Bulk Parcel(s)	Per Occurrence	Upon Request

Rizzetta & Company

Professionals in Community Managemen	rizzetta.com	5

BUSINESS ITEMS

Tab 14

TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT
SUPPLMENTAL ENGINEER’S REPORT 2020 BOND SERIES

Prepared for:

BOARD OF SUPERVISORS TROUT CREEK
COMMUNITY DEVELOPMENT DISTRICT

Prepared by:

13901 Sutton Park Drive South Jacksonville, FL 32224
(904) 739-3655

Prosser Ref. No. 113034.31	September 11, 2020

TABLE OF CONTENTS
Trout Creek Community Development District Introduction	1
Proposed Improvements	1
General Infrastructure	1
Off-site Transportation Improvements	4
Recreation Facilities	4
Internal Parcel Infrastructure	4
Basis for Cost Estimate	4
EXHIBITS
Site Location Map	Exhibit 1
Land Use Plan	Exhibit 2
Capital Improvement Plan Revised Master Estimate	Exhibit 3 (Table)
Shearwater Parkway Cross-Section	Exhibit 4
Residential, Business and Commercial Cross-Section	Exhibit 5A and 5B
Permit Summary	Exhibit 6
APPENDIX
Legal Description of Trout Creek Community Development District

Trout Creek CDD
Supplemental Engineer’s Report for Bond Series 2020 September 11, 2020
Page 1
TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT

The Trout Creek Community Development District (“District”) is comprised of 997.90 acres located in St. Johns County, Florida. The site is located east of Greenbriar Road, north of County Road 16A (CR16A), west of Trout Creek and south of County Road 210 (CR210) (see Exhibit 1). The development within the District will include a mix of single-family residential, multi-family residential, and recreational uses (see Exhibit 2).
In January of 2015, the District validated bonds in an amount not to exceed $107,290,000, based upon the Summary of Cost. The District subsequently issued its Series 2015 Bonds, which funded a significant portion of the infrastructure improvements in Development Phase 1, which is now complete and includes 543 developed residential units. The District subsequently issued its Series 2018 Bonds, which funded a significant portion of the infrastructure improvements in Development Phase 2, which is now substantially complete and includes an additional 1,019 units, for a total of 1,562 developed residential units.
The purpose of this report is to describe the cost and improvements that will be funded through the issuance of the third bond series (see Exhibit 3, column “Series 2020 Bonds”), which will consist of improvements finalizing the development of Development Phase 2 and supporting the development of Development Phase 3, which is currently planned to include 1,112 residential units, and reimbursement to the Developer of certain costs paid towards Development Phase 2 Improvements (“Remaining Series 2018 Project Improvements”).

PROPOSED SERIES 2020 PROJECT IMPROVEMENTS

The District proposes to design, install, acquire and/or construct improvements grouped into four main elements. These improvements, combined with the Remaining Series 2018 Project Improvements, comprise the District’s “Series 2020 Project”. Immediately below the following brief description of the Series 2020 Project improvements, there is a detailed breakdown and narrative:

General Infrastructure – Construction for the main roadway, stormwater and utility infrastructure, as described below, has already been initiated and is currently being funded by the Developer.
Off-Site Transportation Improvements – No offsite improvements are proposed to be funded by the CDD.
Recreation Facilities – Each of the proposed facilities is either in planning, design or construction.
Parcel Infrastructure – Design and permitting for a portion of the parcel infrastructure, as discussed on page 4 (roads, water and sewer). Within this series, the infrastructure will serve 231 units in Development Phase 3 that have already been designed and permitted and are now under construction. An additional 272 units have been designed and will go through the permitting process in late 2020.
Remaining Series 2018 Project Improvements – The District intends to reimburse the Developer for certain Remaining Series 2018 Project Improvements, which include costs relating to the construction of master improvements including general infrastructure, recreation facilities and parcel infrastructure, which were advance-funded by the Developer pursuant to the

Construction Funding Agreement between the Trout Creek Community Development District and WFC Ashford Mills Owner VII, L.L.C.

The improvement plan reflects the present intentions of the Trout Creek CDD. However, it may be subject to modifications in the future. The implementation of any improvement outlined herein requires final approval by the Trout Creek CDD Board of Supervisors.

General Infrastructure

Master Roadways – The District’s master roadways provide connections between neighborhoods and uses. The Series 2020 Bonds will fund additional roadways, including an extension of Shearwater Parkway and a roadway from County Road 16A to serve the County School and County Park sites within the District.

Shearwater Parkway is the main road into and out of the development and was previously constructed to the first roundabout near the amenity center in Series 2015, and extended south approximately 6,100 linear feet in Series 2018. Series 2020 Bonds will fund the further extension of Shearwater Parkway into Phase 3, and fund the initial construction on Timberwolf Trail, an additional roadway within the community with a future connection to County Road 16A.

The remainder of the spine road will be a two-lane section built to minor collector standards, as can be seen in Exhibit 4. As a whole, Shearwater Parkway will link individual land uses to one another and to other District facilities. Along this road, there will be District-maintained landscaping and wetland preserve areas. The landscaping will be irrigated with a reclaimed water system. This system will initially be charged with potable water until reclaimed water becomes available.

Stormwater System – The District-wide stormwater system consists of wet detention ponds to capture and treat stormwater runoff from developed areas and control structures that regulate the volume of water detained and detention periods.
In general, the stormwater runoff will be collected via curb and gutter within the roads and conveyed into the ponds via inlet structures and pipes. The primary form of treatment will be wet detention pursuant to accepted design criteria. The pond control structures will consist of weirs for attenuation and bleed-down orifices sized to recover the treatment volume. Stormwater pipes will connect the control structures to other ponds and to the ultimate outfall locations.
The stormwater system is designed such that post-development flow will generally mimic the flows from the site in a pre-development state. All areas within the District currently drain into Trout Creek and associated wetlands. As parcels within the District are developed, the detention ponds will temporally detain stormwater runoff for treatment and then gradually discharge water in the same receiving waters. Ponds

have been designed to provide attenuation of the 25 year/24 hour storm and provide treatment for a volume of runoff established by county, state and federal regulations.
Stormwater runoff volumes are estimated using a runoff coefficient that is based on land use and soil type. Soil types at Trout Creek CDD range from type “A” to type “D”, with the average type being a type “D” soil. Assuming a constant soil type, each land use within the District has a characteristic runoff rate. In other words, for the same area, different land uses produce different runoff volumes.
For Trout Creek CDD, Prosser uses the Soil Conservation Service (SCS) runoff procedure and unit hydrograph method for estimating runoff volumes.  This method is commonly recommended by federal, state and local government agencies including the St. Johns River Water Management District. The SCS method employs a runoff coefficient called the curve number (“CN”). The CN correlates runoff volume to land use. The highest possible CN is 100. Following is a list of common land use types which occur within the District and the corresponding CN number for that land use.

Land Use Type	CN*
Single Family Residential
1/8 acre or less lot size	92
1/3 acre lot size	87
1/3 acre lot size	86
1/2 acre lot size	85
*based on hydrologic soil group type “D”
Source: Technical Publication No. SJ 85-5, “A Guide to SCS Runoff Procedures”, by Thirasak Suphunvarranop, St. Johns River Water Management District

Major drainage ways and ponds serving District-wide elements will be constructed. These elements will serve as the foundation for the stormwater system. The cost to construct drainage piping within individual subdivisions or parcels is not included in the stormwater system budget. The budgets for each land use carry the costs for inlets and stormwater piping that will generally be constructed within the right-of- way of District roads.
Master Lift Station and Mains – Water, sewer, and reclaimed water service was previously connected to existing JEA mains on the southerly side of the first roundabout and provided service to Phase 2 with the 2018 Bond Series funds. The 2020 Bond Series will complete Phase 2 and provide water, sewer, and reclaimed water mains and sanitary sewer lift stations to the District for Phase 3. Each utility is designed to meet both JEA and Florida Department of Environmental Protection standards. Upon completion of construction, the utility infrastructure will be dedicated to JEA, which will own, operate, and maintain the utility.
The potable water main and reclaimed trunk lines generally are located central to the internal parcels in the local road rights-of-way and the central park. This approach provides adequate pressures while reducing the overall pipe lengths and associated costs.

Multiple lift stations will be located along Shearwater Parkway, and some lift stations will be found on local roads. All lift stations will be connected via force main, which also connects the force main on the south side of the first roundabout.

Permitting- This project required the approval of multiple local, state and federal agencies which reviewed plans to ensure compliance with all regulations as seen
below.	
Agency
U.S. Army Corps of Engineers (Federal)	Provides Approvals for: Wetland Dredge and Fill	
St Johns River Water Management District (State)	Wetland Dredge and Fill Treatment and Attenuation	
Florida Department of Env. Protection (State)	Water & Sewer Construction Erosion Control SWPPP	
St Johns County (Local)	Land Use/Zoning Subdivision Construction Commercial Construction
Roadway Construction	

Exhibit 6 summarizes the status of the entitlements and permits approved. Those still yet to be approved will be obtained in the normal course of business.

Off-Site Transportation Improvements

Off-site transportation improvements are not a part of the District Master Infrastructure.

Recreation Facilities

The District’s Series 2015 Bonds funded construction of the Amenity Center with fitness center and pools. The Series 2018 Bonds funded additional recreational facilities, including a dog park, community garden, extensive parks with shade structures and playgrounds, trails, and other similar improvements. The Series 2020 Bonds will fund continued common parks, multi-use paths and greenspace.

Parcel Infrastructure

On either side of Shearwater Parkway, there will be individual parcels of land that will be developed over the life of the District. The parcels include a diversity of residential product types ranging from multi-family to traditional single-family neighborhoods to estate-size homesites. However, common infrastructure elements will be constructed as a part of the District-wide improvement plan.
Common infrastructure will consist of roads, water, sewer, and reclaimed water utilities, and drainage elements. Most infrastructure is located within the rights-of-way of roads internal to the

subdivisions and commercial areas. Some infrastructure such as sanitary lift stations may be located outside of the rights-of-way. A typical right-of-way cross-section is provided in Exhibit 5.
BASIS FOR THE COST ESTIMATE

The infrastructure contemplated by this plan is currently under various levels of design. Prosser prepared opinions of probable costs based on the intent and status of each element as defined at its current level of design. Opinions of cost are based on our experience with similar projects and represent a reasonable approximation pursuant to standard engineering practice.

The cost numbers include several elements:

Construction cost.
Design fees, including engineering, landscape and hardscape, architectural, and subconsultants such as surveyors, environmental consultants and geotechnical engineers.
Contingency factor of 10%.
Construction management fee for Shearwater Parkway.

The exact location of some of the facilities may change during the course of approval and implementation. The District must retain the right to make reasonable adjustments in the plan to meet the requirements of governmental agencies while at the same time providing the same or greater benefits to the land. The plan presented herein has been prepared based upon both previous and current regulatory criteria. Regulatory criteria will undoubtedly continue to evolve, and future changes may affect the implementation of this plan.

TAB 15

Trout Creek Community Development District
Final Supplemental
Special Assessment Allocation Report Capital Improvement Revenue Bonds, Series 2020
12750 Citrus Park Lane Suite 115
Tampa, Fl. 33625 www.rizzetta.com October 6, 2020

TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUE BONDS
SERIES 2020

TABLE OF CONTENTS

Page
I.	INTRODUCTION ……………………………………….......………..…..............…	1
II.	DEFINED TERMS……..…………………...........................................................	1
III.	DISTRICT INFORMATION……………….……………….......................................	2
IV.	SERIES 2020 PROJECT……………………………………………..……….……..	3
SERIES 2020 BONDS AND ASSESSMENTS………………...………….…….….….	3
SERIES 2020 ASSESSMENT ALLOCATION……..….………………………..…...…	4
PREPAYMENT OF SERIES 2020 ASSESSMENTS..….………………..….….………	5
ADDITIONAL STIPULATIONS..………………………………………….…………………	6
EXB “A”	ALLOCATION METHODOLOGY…………………..…………………….…	7
INDEX OF TABLES

Table	Description	Page	
1	CURRENT DEVELOPMENT PLAN........................................................................	A-1	
2	SERIES 2020 PROJECT COST DETAIL…….…...................................................	A-2	
3	FINANCING INFORMATION – SERIES 2020 BONDS……………….…	A-3	
4	FINANCING INFORMATION – SERIES 2020 ASSESSMENTS...............	A-3	
5	ASSESSMENT ALLOCATION – SERIES 2020 ASSESSMENTS………..	A-4	
6	CONTRIBUTION CALCULATION………………………………………………..……	A-5	
	SERIES 2020 ASSESSMENT ROLL…………………………..…..….	A-6	

TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUE BONDS
SERIES 2020

INTRODUCTION

This FinalSupplemental Special Assessment Allocation Report is being presented in anticipation of financing a capital infrastructure project by the Trout Creek Community Development District (“District”), a local unit of special purpose government established pursuant to Chapter 190, Florida Statutes. The District plansto issue Capital Improvement Revenue Bonds, Series 2020 (the “Series 2020 Bonds”), and has retained Rizzetta & Company, Inc. to prepare a methodology for allocating the special assessments expected to be levied by the District in connection with the transaction.

DEFINED TERMS

“Capital Improvement Program” – (or “CIP”) Construction and/or acquisition of public infrastructure planned for the District. The total cost for the Capital Improvement Plan is estimated to be $106,086,681 as specified in the Supplemental Engineer’s Report (“Supplemental Engineer’s Report”) dated September 11, 2020.

“Developer” – WFC Ashford Mills Owner VII, LLC.

"District" – Trout Creek Community Development District.

“End User” – The ultimate purchaser of a fully developed residential unit; typically, a resident homeowner.

“Equivalent Assessment Unit” – (or “EAU”) Allocation factor which reflects a quantitative measure of the amount of special benefit conferred by the District’s CIP on a particular land use, relative to other land uses.

“Indentures” – The Master Trust Indenture dated as of February 1, 2015 and the Third Supplemental Trust Indenture dated October 1, 2020.

“Master Report” – The Master Special Assessment Allocation Report dated December 17, 2014.

“Platted Units” – Residential lots configured into their intended end-use and subject to a recorded plat.

“Series 2015 Assessments” – Special assessments as contemplated by Chapters 190, 170 and 197, Florida Statutes, previously levied to secure repayment of the District’s Series 2015 Bonds.

“Series 2015 Bonds” - $21,215,000 Trout Creek Community Development District Capital Improvement Revenue Bonds, Series 2015.

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TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUE BONDS
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“Series 2015 Report” – Final Supplemental Special Assessment Allocation Report dated February 25, 2015 as amended by the First Supplement to the Final Supplemental Special Assessment Allocation Report dated December 5, 2017.

“Series 2018 Assessments” – Special assessments as contemplated by Chapters 190, 170, and 197, Florida Statutes, levied to secure repayment of the District’s Series 2018 Bonds.

“Series 2018 Bonds” – $12,100,000 Trout Creek Community Development District Capital Improvement Revenue Bonds, Series 2018.

“Series 2018 Report” – Final Supplemental Special Assessment Allocation Report dated June 28, 2018.

“Series 2020 Assessments” – Special Assessments, as contemplated by Chapters 190, 170, and 197, Florida Statutes, levied to secure repayment of the District’s Series 2020 Bonds.

“Series 2020 Bonds” - The $4,185,000 Trout Creek Community Development District Capital Improvement Revenue Bonds, Series 2020.

“Series 2020 Project” – A portion of the total CIP, estimated to be $24,456,157  as specified in the Supplemental Engineer’s Report dated September 11, 2020 and expected to be partially funded by Series 2020 Bonds.

“True-Up Agreement” – The Agreement to be executed between the Trout Creek Community Development District and WFC Ashford Mills Owner VII, LLC, regarding the True-Up and Payment of Series 2020 Assessments.

“Unplatted Parcels” – Undeveloped lands or parcels not yet subject to a recorded plat in their final end-use configuration.

All capitalized terms not defined herein shall retain the meaning ascribed in the Master Report.

DISTRICT INFORMATION

Trout Creek Community Development District was established effective October 28, 2014, pursuant to St. John’s County Ordinance 2014-44.

On December 17, 2014, the District approved the Master Report, which specifies the allocation methodology to be used for the District’s bond assessments. This report will follow the methodology described in the Master Report for purposes of allocating the Series 2020 Assessments securing the District’s Series 2020 Bonds.

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TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUE BONDS
SERIES 2020

The District previously issued the Series 2015 Bonds and Series 2018 Bonds which will be absorbed by the first 2,284 Platted Units within the District based on a revised development plan provided by the Developer. The Series 2020 Bonds will be assigned on a first-platted, first-assessed basis once the entire principal amount of the Series 2015 and 2018 Bonds has been secured. Until such time that this has occurred, the proposed Series 2020 Assessments securing the Series 2020 Bonds will be levied over Unplatted Parcels.

Table 1 illustrates the District’s current development plan.

SERIES 2020 PROJECT

The Series 2020 Project is a portion of the District’s Capital Improvement Plan and is expected to cost $24,456,157. The District plans to issue Series 2020 Bonds to fund a portion of the Series 2020 Project in the amount of $3,500,000. The balance of the Capital Improvement Plan may be funded by future bonds, the Developer or other funding sources. For more detailed information regarding the Capital Improvement Plan and the Series 2020 Project, see Table 2 and the Supplemental Engineer’s report dated September 11, 2020.

SERIES 2020 BONDS AND ASSESSMENTS

In order to provide for the Series 2020 Project funding described in Section IV above, the District expects to issue Series 2020 Bonds, which will be secured by the pledged revenues from Series 2020 Assessments. The Series 2020 Assessments will initially be levied in the principal amount of $4,185,000 and shall be structured in the same manner as the Series 2020 Bonds, so that revenues from the Series 2020 Assessments are sufficient to fulfill the debt service requirements for the Series 2020 Bonds.

The Series 2020 Bonds will be structured as amortizing current-interest bonds, with repayment occurring in substantially equal installments of principal and interest. Interest payment dates shall occur every May 1 and November 1 from the date of issuance until final maturity on May 1, 2051. The first scheduled payment of coupon interest will be due on May 1, 2021, although interest will be capitalized through November 1, 2021, with the first installment of principal due on May 1, 2022. The annual principal payment will be due each May 1 thereafter until final maturity. The maximum annual debt service is $239,900. The general financing terms of the Series 2020 Bonds are summarized on Table 3.

It is expected that the Series 2020 Assessment installments assigned to Platted Units will be collected via the St. Johns County property tax bill process (Uniform Method) 1 . Accordingly, the Series 2020 Assessments have been adjusted to allow for current County collection costs and the possibility that landowners will avail themselves of early payment discounts. Currently, the aggregate rate for costs and discounts is 6.0%, but this may fluctuate as provided by law.

1 The ultimate collection procedure is subject to District approval. Nothing herein should be construed as mandating collections that conflict with the terms, privileges, and remedies provided in the Indentures, Florida law, assessment resolutions, and/or other applicable agreements.

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TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUE BONDS
SERIES 2020

SERIES 2020 ASSESSMENT ALLOCATION

The District’s Master Report contains specific special benefit findings relative to the Maximum Assessments and the District’s CIP. As stated therein, the CIP costs per unit and Maximum Assessments were allocated pursuant to an EAU-based methodology.

Per Section IV above, the Series 2020 Bonds will fund a portion of the District’s Series 2020 Project, which is expected to be constructed in a manner generally proportionate to the construction of improvements for the CIP. Accordingly, it is expected that the improvements funded by the Series 2020 Bonds will confer benefit on the District’s developable parcels in a manner generally proportionate to and consistent with the allocation of benefit found in the Master Report. Therefore, it is proper to impose Series 2020 Assessments on the units specified in Table 5, as well as the District’s Series 2020 Assessment Roll.

Assessment Allocation

The Series 2020 Assessments are expected to ultimately be allocated to the units shown on Table 5 using target annual assessments provided by the Developer. As allocated, the Series 2020 Assessments fall within the cost/benefit thresholds, as well as the Maximum Assessment levels, established by the Master Report. The District will recognize in-kind contributions of infrastructure by the Developer in the amount of $397,896 as an assessment credit to the product types specified in Table 6, in order to reach target assessment levels. See Table 6 for the
contribution calculation.

The Series 2020 Assessment Roll is located on page A-6.

Assignment of Assessments

The Series 2020 Bonds and Series 2020 Assessments have been sized based on the expectation that the Series 2020 Assessments will be fully absorbed by the 265 planned Platted Units shown in Table 5. However, the proposed Series 2020 Assessments securing the Series 2020 Bonds will be levied over all the Unplatted Parcels and will not be assigned to platted units until the Series 2015 Assessments and Series 2018 Assessments have been fully assigned.

As stated above, since the lands subject to the Series 2020 Assessments currently consist of Unplatted Parcels, assessments will be initially levied on these parcels on an equal assessment per-acre basis. At the time parcels are platted or otherwise subdivided into Platted Units, individual Series 2020 Assessments will be assigned to those Platted Units at the per-unit amounts described in Table 5, thereby reducing the Series 2020 Assessments encumbering the Unplatted Parcels by a corresponding amount. Any unassigned amount of Series 2020 Assessments

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TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUE BONDS
SERIES 2020

encumbering the remaining Unplatted Parcels will continue to be calculated and levied on an equal assessment per-acre basis.

In the event an Unplatted Parcel is sold to a third party not affiliated with the Developer, Series 2020 Assessments will be assigned to that Unplatted Parcel based on the maximum total number of Platted Units assigned by the Developer to that Unplatted Parcel. The owner of that Unplatted Parcel will be responsible for the total assessments applicable to the Unplatted Parcel, regardless of the total number of Platted Units ultimately actually platted. These total assessments are fixed to the Unplatted Parcel at the time of the sale. If the Unplatted Parcel is subsequently sub- divided into smaller parcels, the total assessments initially allocated to the Unplatted Parcel will be re-allocated to the smaller parcels pursuant to the methodology as described herein (i.e. equal assessment per acre until platting).

In the event that developable lands that derive benefit from the CIP are added to the District boundaries, whether by boundary amendment or increase in density, Series 2020 Assessments will be allocated to such lands, pursuant to the methodology described herein.

PREPAYMENT AND TRUE-UP OF SERIES 2020A ASSESSMENTS

The Series 2020 Assessments encumbering a parcel may be prepaid in full at any time, without penalty, together with interest at the rate on the corresponding Series 2020 Bonds to the bond interest payment date that is more than forty-five (45) days next succeeding the date of prepayment. Notwithstanding the preceding provision, the District does not waive the right to assess penalties which would otherwise be permissible if the parcel being prepaid is subject to an assessment delinquency.

Because this methodology assigns defined, fixed assessments to Platted Units, the District’s Series 2020 Assessment program is predicated on the development of lots in the manner described in Table 1. However, if a change in development results in net decrease in the overall principal amount of assessments able to be assigned to the lands described in Table 5, then a true-up, or principal reduction payment, will be required to cure the deficiency. At such time as lands are to be platted (or re-platted) or site plans are to be approved (or re-approved), the plat or site plan (either, herein, “Proposed Plat”) shall be presented to the District for review pursuant to the terms herein. The District’s Manager shall perform a review of the development plan for true-up calculation purposes upon the presentation of a Proposed Plat that includes the lesser of (i) at least 50% of the acres within the District, or (ii) at least 50% of the planned units for the District. Such review shall be limited solely to the function and the enforcement of the District’s assessment liens and/or true-up agreements. Nothing herein shall in any way operate to or be construed as providing any other plat approval or disapproval powers to the District. If such Proposed Plat is consistent with the development plan as identified in Table 1, the District shall allocate the Series 2020 Assessments to the product types being platted and the remaining property in accordance with this Assessment Report and cause the Series 2020 Assessments to be

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TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUE BONDS
SERIES 2020

recorded in the District’s Improvement Lien Book. Once the Series 2020 Assessments are fully absorbed by platted units, any remaining platted units and/or lands may be subject to future debt assessments, or the Series 2020 Assessments may be reallocated. However, if a change in development as reflected in a Proposed Plat results in a net decrease in the overall principal amount of Series 2020 Assessments able to be assigned to the planned units described in this report, as determined by comparing the debt per acre amounts on the remaining unplatted lands before and after presentation of the Proposed Plat, then the District shall, subject to the provisions below, require the Developer of the lands encompassed by the Proposed Plat to pay a “True-Up Payment” equal to the shortfall in Series 2020 Assessments resulting from the reduction of planned units, which shall become due and payable prior to the District’s approval of the plat, in addition to the regular assessment installment payable for lands owned by the Developer for that tax year. A change in development may also result in the need for an additional contribution of infrastructure, in order to maintain target assessment levels (if applicable).

Similarly, if a reconfiguration of lands would result in the collection of substantial excess assessment revenue in the aggregate, then the District shall undertake a pro rata reduction of assessments for all assessed properties.

ADDITIONAL STIPULATIONS

Certain financing, development, and engineering data was provided by members of District staff and/or the developers. The allocation methodology described herein was based on information provided by those professionals. Rizzetta & Company makes no representations regarding said information transactions beyond restatement of the factual information necessary for compilation of this report.

Rizzetta & Company, Inc. does not represent the District as a Municipal Advisor or Securities Broker nor is Rizzetta & Company, Inc., registered to provide such services as described in  Section  15B  of  the  Securities  and  Exchange  Act  of  1934,  as  amended. Similarly, Rizzetta & Company, Inc., does not provide the District with financial advisory services or offer investment advice in any form.

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TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUE BONDS
SERIES 2020

EXHIBIT A:

ALLOCATION METHODOLOGY

7

TABLE 1: CURRENT DEVELOPMENT PLAN (1)

(1) Once the Series 2015 Assessments and 2018 Assessments have been fully assigned, Series 2020 Assessments are expected to be assigned to the next 265 Platted Units.

COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 2020

PRODUCT	
EAU		
PHASE 1		
PHASE 2		
PHASE 3		TOTAL
UNITS		
Townhome	0.50		0		243		518		761	Units	
Single Family 40'	0.80		74		214		277		565	Units	
Single Family 50'	1.00		162		252		152		566	Units	
Single Family 60'	1.20		122		184		165		471	Units	
Single Family 70'	1.40		116		126		0		242	Units	
Single Family 80'	1.60		69		0		0		69	Units	
TOTAL:			543		1,019		1,112		2,674		

A-1

TABLE 2: SERIES 2020 PROJECT COST DETAIL		
DESCRIPTION	TOTAL COSTS	
Stormwater Pond Excavation & Grading	$3,470,346	
Sanitary Sewer	$1,947,466	
Storm Drainage	$916,002	
Domestic Water	$367,605	
Reclaimed Water	$308,578	
Street Improvements	$6,952,792	
Street Lighting/Electrical Underground	$913,589	
Landscaping/Fencing/Signage	$2,630,955	
Recreational Facilities	$933,532	
Contingency (10%)	$1,844,086	
Professional Fees	$671,206	
Series 2018 Project Infrastruture Eligible for Reimbursement	$3,500,000	
Total	   $24,456,157		

Series 2015 Project Funded by Series 2015 Bonds	
$18,091,073	
Series 2018 Project Funded by Series 2018 Bonds	$10,000,000	
Series 2020 Project Funded by Series 2020 Bonds	$3,500,000	
Recognized Contribution of Infrastructure To Reach Target Assessment Levels	$397,896	
Additional Construction Costs Funded by Developer, Future Bonds or Other Sources	   $74,097,712		
Total Construction Costs	  $106,086,681 	
NOTE: Infrastructure cost estimates provided by District Engineer.		

(1) 100% of MADS
Note: Numbers provided by District Underwriter and are preliminary and subject to change.

TABLE 3: FINANCING INFORMATION - SERIES 2020 BONDS		
Issue Date	October 8, 2020		
Final Maturity	May 1, 2051		
Average Coupon Rate	3.948%		
Maximum Annual Debt Service ("MADS")	$239,900		

SOURCES:
PAR AMOUNT	

$4,185,000		
Original Issue Discount	($14,731)		
Total Net Proceeds	$4,170,269		
USES:		
Project Fund	($3,500,000)		
Debt Service Reserve Fund	($239,900)	(1)	
Capitalized Interest (13 months)	($169,517)		
Costs of Issuance	($177,152)		
Underwriter's Discount	($83,700)		
Total Uses	($4,170,269)		

TABLE 4: FINANCING INFORMATION - SERIES 2020 ASSESSMENTS	
Interest Rate		3.948%	
Initial Principal Amount		$4,185,000	
Aggregate Annual Installment		$239,900	
Estimated County Collection Costs	2.00%	$5,330 (1)	
Maximum Early Payment Discounts	4.00%	$21,270 (1)	
Total Annual Installment		$266,500	
(1) May vary as provided by law.			
Note: Numbers provided by District Underwriter and are preliminary and subject to change.	

TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT

TABLE 5: ASSESSMENT ALLOCATION - SERIES 2020 ASSESSMENTS (1)

Allocation of Series 2020 Assessments based on target assessment levels. There will be a recognized in-kind contribution     of infrastructure by the Developer as an assessment credit to certain unit types in order to reach target assessment levels. See Table 6 for the contribution calculation.
Once the Series 2015 Assessments and Series 2018 Assessments have been fully assigned, the Series 2020 Assessments will be allocated on a first-platted first-assessed basis, and are expected to be absorbed by the 265 units shown here.
Product total shown for illustrative purposes only and are not fixed per product type.
Includes estimated St. Johns County collection costs/payment discounts, which may fluctuate.

CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 2020

PRODUCT	

UNITS (2)		PRODUCT TOTAL
PRINCIPAL (3)		
PER UNIT PRINCIPAL		PRODUCT ANNUAL
INSTLMT. (3)(4)		
PER UNIT INSTLMT. (4)	
Townhome	118		$1,630,658		$13,819		$103,840		$880	
Single Family 40'	54		$831,033		$15,389		$52,920		$980	
Single Family 60'	 	93			 	$1,723,309			$18,530		 	$109,740			$1,180	
TOTAL	265		$4,185,000				$266,500			

TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT

TABLE 6: CONTRIBUTION CALCULATION (1)

All numbers are based on construction costs and thus are net of financing costs.
Total Series 2020 Project costs to be funded with Series 2020 Bonds. See Table 2.
Per unit costs funded with Series 2020 Bonds.
Total contribution of infrastructure due to the difference between the target and the EAU allocation. See Table 2 for the application of the contribution.

CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 2020

PRODUCT	
UNITS		TOTAL COSTS FUNDED		TARGET COSTS PER UNIT (3)		COSTS PER UNIT BY EAU		CONTRIBUTION PER UNIT		TOTAL CONTRIBUTION (4)	
Townhome	118		$1,363,752		$11,557		$11,557		$0		$0	
Single Family 40'	54		$695,009		$12,871		$13,096		$226		$12,194	
Single Family 60'	93		$1,441,238		$15,497		$19,645		$4,147		$385,703	
	265		$3,500,000	(2)							$397,896	

A-5

TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT
SERIES 2020 ASSESSMENT ROLL	

Folio	
Owner	
Acreage	Series 2020
Principal	Series 2020 Annual
Installment (1)	
See attached legal description	WFC Ashford Mills Owner VII, LLC	$4,185,000.00	$266,500.00	

					

					
					
Total:	$4,185,000.00	$266,500.00

(1) Includes estimated county collection costs/early payment discounts.

A-6

A PORTION OF SECTIONS 26, 27, 34 AND 35, TOWNSHIP 5 SOUTH, RANGE 27 EAST, AND A PORTION OF THE FRANCIS BRADY GRANT, SECTION 41, TOWNSHIP 5 SOUTH, RANGE 27 EAST, ALL LYING IN ST. JOHNS COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:

BEGIN AT THE NORTHWEST CORNER OF SAID SECTION 26; THENCE SOUTH 89°14'47" EAST, ALONG THE NORTHERLY LINE OF SAID SECTION 26, A DISTANCE OF 655.90 FEET TO THE WESTERLY LINE OF THOSE LANDS DESCRIBED AND RECODED IN OFFICIAL RECORDS BOOK 2314, PAGE 685 OF THE PUBLIC RECORDS OF SAID ST. JOHNS COUNTY; THENCE SOUTH 03°29'33" EAST, ALONG LAST SAID LINE, 1154.78 FEET TO THE SOUTHERLY LINE OF LAST SAID LANDS; THENCE SOUTH 85°09'00" EAST, ALONG LAST SAID LINE, 145.03 FEET; THENCE NORTH 78°33'54" EAST, CONTINUING ALONG LAST SAID LINE, 500.12 FEET TO THE SOUTHEASTERLY LINE OF LAST SAID LANDS; THENCE NORTHEASTERLY, SOUTHEASTERLY, NORTHERLY AND EASTERLY, ALONG LAST SAID LINE, RUN THE FOLLOWING THIRTY TWO (32) COURSES AND DISTANCES: COURSE NO. 1: NORTH 52°40'27" EAST, 41.22 FEET; COURSE NO. 2: NORTH 53°33'31" EAST, 31.02 FEET;
COURSE NO. 3: SOUTH 38°57'33" EAST, 25.33 FEET; COURSE NO. 4: NORTH 42°53'04" EAST,
35.19 FEET; COURSE NO. 5: NORTH 53°47'33" EAST, 38.47 FEET; COURSE NO. 6: NORTH 22°26'56" EAST, 24.36 FEET; COURSE NO. 7: NORTH 70°31'09" EAST, 39.22 FEET; COURSE NO. 8: NORTH 46°25'09" EAST, 36.60 FEET; COURSE NO. 9: NORTH 03°28'56" EAST, 24.13 FEET; COURSE NO. 10: NORTH 49°07'30" EAST, 42.38 FEET; COURSE NO. 11: NORTH 03°20'08" WEST, 42.33 FEET; COURSE NO. 12: NORTH 54°51'39" EAST, 45.82 FEET; COURSE NO. 13: NORTH 47°34'29" EAST, 45.48 FEET; COURSE NO. 14: NORTH 08°03'50" EAST, 45.24 FEET; COURSE NO. 15: NORTH 67°26'37" EAST, 43.71 FEET; COURSE NO. 16: NORTH 15°52'53" WEST, 36.12 FEET; COURSE NO. 17: NORTH 37°16'53" EAST, 35.86 FEET; COURSE NO. 18: NORTH 39°01'54" EAST, 50.17 FEET; COURSE NO. 19: NORTH 36°48'06" EAST, 40.28 FEET; COURSE NO. 20: NORTH 68°01'38" EAST, 35.50 FEET; COURSE NO. 21: NORTH 56°58'44" EAST,
46.70 FEET; COURSE NO. 22: NORTH 68°57'51" EAST, 40.12 FEET; COURSE NO. 23: NORTH 84°37'30" EAST, 48.86 FEET; COURSE NO. 24: NORTH 33°35'57" EAST, 49.48 FEET; COURSE NO. 25: NORTH 28°53'34" EAST, 96.82 FEET; COURSE NO. 26: NORTH 19°45'36" EAST, 55.57 FEET; COURSE NO. 27: NORTH 19°12'00" EAST, 50.71 FEET; COURSE NO. 28: NORTH 30°02'18" EAST, 47.91 FEET; COURSE NO. 29: NORTH 58°23'25" EAST, 44.64 FEET; COURSE NO. 30: NORTH 76°00'30" EAST, 60.03 FEET; COURSE NO. 31: NORTH 72°14'21" EAST, 61.00 FEET; COURSE NO. 32: NORTH 62°53'31" EAST, 47.35 FEET; THENCE NORTH 84°13'31" EAST, 212.20 FEET; THENCE SOUTH 44°50'18" EAST, 64.19 FEET; THENCE SOUTH 33°28'46" EAST, 69.89 FEET; THENCE SOUTH 12°36'34" EAST, 31.66 FEET; THENCE SOUTH 01°52'03" WEST, 213.60 FEET; THENCE SOUTH 09°22'31" EAST, 141.54 FEET; THENCE SOUTH 12°04'41" WEST, 144.79 FEET; THENCE SOUTH 12°54'05" WEST, 61.31 FEET; THENCE SOUTH 33°02'55" WEST, 414.64 FEET; THENCE SOUTH 41°33'24" WEST, 57.64 FEET; THENCE SOUTH 02°55'22" EAST, 505.63 FEET; THENCE SOUTH 07°13'08" EAST, 623.78 FEET; THENCE SOUTH 22°33'39" EAST, 51.70 FEET; THENCE SOUTH 05°13'05" EAST, 209.13 FEET; THENCE SOUTH 02°59'39" WEST, 363.45 FEET; THENCE SOUTH 22°09'16" WEST, 358.43 FEET; THENCE SOUTH 22°15'33" WEST, 478.79 FEET; THENCE SOUTH 16°32'29" WEST, 167.94 FEET; THENCE SOUTH 17°08'42" WEST, 36.71 FEET; THENCE SOUTH 18°34'55" WEST, 345.10 FEET; THENCE SOUTH 14°32'47" WEST, 23.57 FEET; THENCE SOUTH 22°53'01" WEST, 347.51 FEET; THENCE SOUTH 22°41'30" WEST, 132.28 FEET; THENCE SOUTH 06°25'43" EAST, 800.10 FEET; THENCE SOUTH 08°16'42" EAST, 362.23 FEET; THENCE SOUTH 01°10'56" EAST, 68.72 FEET; THENCE SOUTH 11°00'18" WEST, 265.12 FEET; THENCE SOUTH 19°43'22" WEST, 130.73 FEET; THENCE SOUTH 69°58'47" WEST, 360.89 FEET; THENCE SOUTH 08°29'46" WEST, 126.17 FEET; THENCE SOUTH 07°51'39" WEST, 151.95 FEET; THENCE SOUTH 16°34'15" WEST, 55.74 FEET; THENCE SOUTH 21°24'01" WEST, 95.62 FEET; THENCE SOUTH 21°38'11" WEST, 181.73 FEET; THENCE SOUTH 77°17'11" WEST, 42.66

FEET; THENCE SOUTH 74°29'35" WEST, 218.15 FEET; THENCE SOUTH 21°47'38" WEST, 277.81
FEET; THENCE SOUTH 75°31'41" EAST, 172.49 FEET; THENCE SOUTH 30°16'11" EAST, 81.21
FEET; THENCE SOUTH 31°46'54" EAST, 22.68 FEET; THENCE SOUTH 11°49'18" EAST, 95.86
FEET; THENCE NORTH 83°43'17" WEST, 355.58 FEET; THENCE SOUTH 79°38'55" WEST, 142.24
FEET; THENCE SOUTH 86°02'12" WEST, 82.03 FEET; THENCE NORTH 89°27'43" WEST, 66.38
FEET; THENCE SOUTH 02°28'06" WEST, 103.06 FEET; THENCE NORTH 85°09'37" EAST, 25.91
FEET; THENCE SOUTH 86°49'23" EAST, 14.75 FEET; THENCE SOUTH 53°29'43" EAST, 22.31
FEET; THENCE SOUTH 35°48'06" EAST, 90.70 FEET; THENCE NORTH 69°12'58" EAST, 155.19
FEET; THENCE SOUTH 81°59'03" EAST, 139.92 FEET; THENCE SOUTH 30°55'21" EAST, 131.56
FEET; THENCE SOUTH 26°51'25" EAST, 60.37 FEET; THENCE SOUTH 21°08'59" EAST, 198.95
FEET; THENCE SOUTH 68°51'01" WEST, 142.98 FEET; THENCE SOUTH 62°31'03" WEST, 135.88
FEET; THENCE SOUTH 59°17'21" WEST, 100.02 FEET; THENCE SOUTH 36°27'07" WEST, 56.59
FEET; THENCE SOUTH 14°07'56" WEST, 114.72 FEET; THENCE SOUTH 02°11'22" EAST, 59.13
FEET; THENCE SOUTH 00°00'00" EAST, 26.25 FEET; THENCE SOUTH 02°25'35" WEST, 219.92
FEET; THENCE SOUTH 05°47'23" WEST, 151.89 FEET; THENCE SOUTH 06°51'02" WEST, 149.54
FEET; THENCE SOUTH 01°42'41" EAST, 296.88 FEET; THENCE SOUTH 00°00'00" EAST, 46.21
FEET; THENCE SOUTH 05°32'08" EAST, 299.15 FEET; THENCE SOUTH 09°42'08" EAST, 58.67
FEET; THENCE SOUTH 16°34'50" EAST, 112.30 FEET; THENCE SOUTH 48°59'42" EAST, 43.18
FEET; THENCE SOUTH 33°18'59" EAST, 19.02 FEET; THENCE SOUTH 19°59'57" EAST, 19.03
FEET; THENCE SOUTH 03°19'14" EAST, 16.90 FEET; THENCE SOUTH 20°17'48" WEST, 81.93
FEET; THENCE SOUTH 36°16'40" WEST, 19.84 FEET; THENCE SOUTH 42°19'05" WEST, 163.74
FEET; THENCE SOUTH 29°16'15" EAST, 39.24 FEET; THENCE SOUTH 14°21'41" EAST, 21.26
FEET; THENCE SOUTH 01°36'54" EAST, 30.11 FEET; THENCE SOUTH 01°42'09" WEST, 225.52
FEET; THENCE SOUTH 05°48'42" WEST, 15.57 FEET; THENCE SOUTH 09°46'52" WEST, 117.48 FEET; THENCE SOUTH 15°05'44" EAST, 145.08 FEET TO THE NORTHERLY RIGHT OF WAY LINE OF COUNTY ROAD 16-A (A VARIABLE WIDTH RIGHT OF WAY, AS NOW ESTABLISHED); THENCE SOUTH 89°01'33" WEST, ALONG LAST SAID LINE, 65.08 FEET; THENCE SOUTH 88°59'37" WEST, CONTINUING ALONG LAST SAID LINE, 2684.70 FEET; THENCE NORTH 01°00'23" WEST, 619.36 FEET; THENCE NORTH 36°41'14" EAST, 290.29 FEET;
THENCE NORTH 57°07'42" WEST, 337.17 FEET; THENCE SOUTH 51°12'02" WEST, 126.50 FEET;
THENCE SOUTH 32°42'48" WEST, 210.97 FEET; THENCE SOUTH 76°18'59" WEST, 199.96 FEET;
THENCE SOUTH 21°18'14" WEST, 138.56 FEET; THENCE SOUTH 13°34'11" WEST, 47.01 FEET;
THENCE SOUTH 63°30'13" WEST, 119.60 FEET; THENCE SOUTH 71°04'39" WEST, 490.74 FEET;
THENCE SOUTH 17°38'16" WEST, 265.56 FEET; THENCE SOUTH 33°20'48" WEST, 136.15 FEET; THENCE SOUTH 88°59'37" WEST, 43.59 FEET TO THE EASTERLY LINE OF THE SOUTHWEST ONE-QUARTER OF THE SOUTHWEST ONE-QUARTER OF SAID SECTION 34; THENCE NORTH 02°49'00" WEST, ALONG LAST SAID LINE, 1311.37 FEET TO THE NORTHERLY LINE OF SAID SOUTHWEST ONE-QUARTER OF THE SOUTHWEST ONE-QUARTER OF SECTION 34; THENCE SOUTH 88°50'22" WEST, ALONG LAST SAID LINE, 42.44 FEET; THENCE NORTH 00°20'25" EAST, 212.74 FEET; THENCE NORTH 32°49'06" WEST, 154.08 FEET; THENCE SOUTH 87°17'02"
WEST, 362.42 FEET; THENCE SOUTH 88°09'14" WEST, 125.55 FEET; THENCE NORTH 51°50'27"
WEST, 81.98 FEET; THENCE NORTH 49°12'33" WEST, 95.65 FEET; THENCE NORTH 32°45'29"
WEST, 19.33 FEET; THENCE NORTH 09°05'53" WEST, 17.90 FEET; THENCE NORTH 17°03'12"
WEST, 446.49 FEET; THENCE NORTH 45°44'27" EAST, 555.70 FEET; THENCE NORTH 83°29'16"
EAST, 212.93 FEET; THENCE NORTH 83°59'31" EAST, 116.40 FEET; THENCE SOUTH 89°15'54"
EAST, 97.39 FEET; THENCE SOUTH 79°19'05" EAST, 150.77 FEET; THENCE NORTH 71°04'12"
EAST, 160.26 FEET; THENCE NORTH 64°36'20" EAST, 119.01 FEET; THENCE NORTH 49°30'11"
EAST, 153.41 FEET; THENCE NORTH 58°34'33" EAST, 95.54 FEET; THENCE NORTH 23°38'34"
EAST, 67.62 FEET; THENCE NORTH 75°01'56" WEST, 603.93 FEET; THENCE NORTH 16°58'39"
EAST, 178.40 FEET; THENCE NORTH 15°11'33" WEST, 43.75 FEET; THENCE NORTH 32°26'06"
WEST, 20.91 FEET; THENCE NORTH 56°28'22" WEST, 42.62 FEET; THENCE NORTH 74°38'11"

WEST, 39.58 FEET; THENCE SOUTH 81°11'14" WEST, 36.51 FEET; THENCE SOUTH 60°47'36"
WEST, 29.17 FEET; THENCE SOUTH 40°16'36" WEST, 74.13 FEET; THENCE SOUTH 22°08'01" WEST, 46.91 FEET; THENCE SOUTH 32°07'04" WEST, 80.59 FEET TO THE ARC OF A CURVE LEADING NORTHWESTERLY; THENCE NORTHWESTERLY, ALONG AND AROUND THE ARC OF SAID CURVE, CONCAVE NORTHEASTERLY, HAVING A RADIUS OF 1577.96 FEET, AN ARC DISTANCE OF 340.67 FEET, SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF NORTH 60°04'02" WEST, 340.01 FEET TO THE POINT OF TANGENCY OF SAID CURVE; THENCE NORTH 53°52'56" WEST, 197.40 FEET; THENCE NORTH 36°07'04" EAST,
300.00 FEET; THENCE NORTH 53°52'56" WEST, 971.70 FEET TO THE EASTERLY LINE OF THE PLAT OF BREAKAWAY TRAILS, AS RECORDED IN MAP BOOK 49, PAGES 78 THROUGH 91, INCLUSIVE OF SAID PUBLIC RECORDS; THENCE NORTH 17°54'04" EAST, ALONG LAST SAID LINE, 51.32 FEET; THENCE NORTH 21°03'06" EAST, CONTINUING ALONG LAST SAID LINE AND THE EASTERLY LINE OF THOSE LANDS DESCRIBED AND RECORDED IN OFFICIAL RECORDS BOOK 1287, PAGE 801, OF THE SAID PUBLIC RECORDS, A DISTANCE OF 1958.66 FEET; THENCE SOUTH 78°13'20" EAST, 20.36 FEET; THENCE SOUTH 50°20'23" EAST, 57.25 FEET; THENCE SOUTH 74°37'02" EAST, 65.11 FEET; THENCE SOUTH 36°37'19" EAST, 160.18 FEET; THENCE SOUTH 49°38'07" EAST, 69.24 FEET; THENCE SOUTH 27°55'04" EAST, 48.82 FEET; THENCE SOUTH 05°16'23" EAST, 216.06 FEET; THENCE SOUTH 08°49'30" EAST, 241.37 FEET; THENCE SOUTH 10°08'00" EAST, 48.01 FEET; THENCE SOUTH 11°27'09" EAST, 324.36 FEET; THENCE SOUTH 19°51'55" EAST, 48.16 FEET; THENCE SOUTH 01°12'58" WEST, 292.22 FEET; THENCE SOUTH 42°28'14" WEST, 621.07 FEET; THENCE SOUTH 59°45'55" WEST, 36.42 FEET; THENCE NORTH 86°57'59" WEST, 114.80 FEET; THENCE NORTH 43°48'19" WEST, 59.76 FEET; THENCE SOUTH 87°54'15" WEST, 267.83 FEET; THENCE SOUTH 35°39'49" WEST, 23.86 FEET; THENCE SOUTH 53°52'56" EAST, 748.41 FEET; THENCE NORTH 36°07'04" EAST, 500.00 FEET; THENCE SOUTH 53°52'56" EAST, 197.40 FEET TO THE POINT OF CURVATURE OF A CURVE LEADING EASTERLY; THENCE EASTERLY, ALONG AND AROUND THE ARC OF SAID CURVE, CONCAVE NORTHEASTERLY, HAVING A RADIUS OF 627.96 FEET, AN ARC DISTANCE OF 294.89 FEET, SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF SOUTH 67°20'07" EAST, 292.19 FEET TO THE POINT OF TANGENCY OF SAID CURVE; THENCE SOUTH 80°47'19" EAST, 945.14 FEET; THENCE NORTH 09°12'41" EAST,
293.33 FEET; THENCE NORTH 25°46'42" WEST, 48.53 FEET; THENCE NORTH 19°23'36" WEST,
98.94 FEET; THENCE NORTH 12°37'43" WEST, 71.45 FEET; THENCE NORTH 12°28'08" EAST,
65.65 FEET; THENCE NORTH 09°02'37" EAST, 781.00 FEET; THENCE NORTH 26°24'11" EAST,
434.95 FEET; THENCE NORTH 60°58'52" EAST, 592.53 FEET; THENCE NORTH 45°13'40" EAST,
483.30 FEET; THENCE NORTH 06°48'06" EAST, 370.35 FEET; THENCE NORTH 04°13'21" WEST,
95.45 FEET; THENCE NORTH 10°40'44" EAST, 43.69 FEET; THENCE NORTH 36°55'49" EAST,
368.31 FEET; THENCE NORTH 62°13'53" WEST, 294.58 FEET; THENCE NORTH 74°34'14" WEST,
401.74 FEET; THENCE NORTH 56°13'46" WEST, 152.75 FEET; THENCE NORTH 52°45'43" WEST,
562.20 FEET; THENCE NORTH 56°47'31" WEST, 97.59 FEET; THENCE NORTH 27°53'45" WEST,
113.93 FEET; THENCE NORTH 36°42'23" WEST, 851.63 FEET; THENCE NORTH 03°00'55" WEST,
394.52 FEET; THENCE NORTH 05°54'41" EAST, 27.74 FEET; THENCE NORTH 01°03'55" EAST,
465.98 FEET; THENCE NORTH 08°08'14" EAST, 24.21 FEET; THENCE NORTH 68°41'56" WEST,
103.90 FEET TO THE AFORESAID EASTERLY LINE OF THOSE LANDS DESCRIBED AND RECORDED IN OFFICIAL RECORDS BOOK 1287, PAGE 801; THENCE NORTH 21°18'04" EAST, ALONG LAST SAID LINE, 1400.69 FEET TO THE NORTHERLY LINE OF SAID SECTION 27; THENCE NORTH 88°14'35" EAST, ALONG LAST SAID LINE, 527.09 FEET; THENCE SOUTH 19°04'37" EAST, 64.72 FEET; THENCE SOUTH 21°56'45" EAST, 162.68 FEET; THENCE SOUTH 19°48'52" EAST, 19.05 FEET; THENCE SOUTH 09°05'53" WEST, 18.00 FEET; THENCE SOUTH 27°50'40" WEST, 15.71 FEET; THENCE SOUTH 15°57'02" WEST, 186.31 FEET; THENCE SOUTH 16°08'46" EAST, 498.79 FEET; THENCE SOUTH 70°18'26" EAST, 106.81 FEET; THENCE SOUTH 42°46'12" EAST, 97.25 FEET; THENCE SOUTH 14°02'54" EAST, 19.04 FEET; THENCE SOUTH

00°00'00" EAST, 24.12 FEET; THENCE SOUTH 09°11'48" WEST, 35.83 FEET; THENCE SOUTH
16°52'21" WEST, 33.88 FEET; THENCE SOUTH 21°11'11" WEST, 201.91 FEET; THENCE SOUTH
06°56'26" EAST, 197.46 FEET; THENCE SOUTH 61°09'22" EAST, 316.49 FEET; THENCE NORTH
46°17'52" EAST, 27.61 FEET; THENCE NORTH 63°27'18" EAST, 20.85 FEET; THENCE NORTH
51°55'58" EAST, 117.72 FEET; THENCE SOUTH 68°34'01" EAST, 160.45 FEET; THENCE SOUTH
58°41'37" EAST, 27.79 FEET; THENCE SOUTH 26°57'48" EAST, 101.65 FEET; THENCE SOUTH
09°05'24" WEST, 339.90 FEET; THENCE SOUTH 56°48'01" EAST, 88.57 FEET; THENCE SOUTH
61°51'32" EAST, 106.61 FEET; THENCE SOUTH 76°50'37" EAST, 622.83 FEET; THENCE NORTH
13°09'23" EAST, 69.87 FEET; THENCE NORTH 27°30'34" EAST, 56.79 FEET; THENCE NORTH
42°45'16" EAST, 68.62 FEET; THENCE NORTH 25°45'39" WEST, 190.40 FEET; THENCE NORTH
44°35'39" WEST, 36.20 FEET; THENCE NORTH 37°38'33" WEST, 144.80 FEET; THENCE NORTH
28°37'53" WEST, 23.63 FEET; THENCE NORTH 14°02'53" EAST, 19.43 FEET; THENCE NORTH
25°48'22" EAST, 84.41 FEET; THENCE NORTH 19°36'10" EAST, 166.95 FEET; THENCE NORTH
08°29'10" EAST, 284.08 FEET; THENCE NORTH 49°19'27" WEST, 138.23 FEET; THENCE NORTH
43°15'47" WEST, 117.33 FEET; THENCE NORTH 67°56'58" WEST, 93.63 FEET; THENCE NORTH
57°56'13" WEST, 69.04 FEET; THENCE NORTH 55°22'21" WEST, 196.28 FEET; THENCE NORTH
00°53'15" WEST, 144.59 FEET; THENCE NORTH 14°27'21" EAST, 269.12 FEET; THENCE NORTH
15°26'02" EAST, 353.27 FEET; THENCE NORTH 07°58'35" EAST, 26.25 FEET; THENCE NORTH
43°57'45" EAST, 270.05 FEET TO THE AFORESAID NORTHERLY LINE OF SECTION 27; THENCE NORTH 88°14'35" EAST, ALONG LAST SAID LINE, 291.07 FEET TO THE POINT OF BEGINNING.

LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 1, AS RECORDED IN MAP BOOK 76, PAGES 16 THROUGH 38, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 1-2, AS RECORDED IN MAP BOOK 79, PAGES 11 THROUGH 14, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 1-3, AS RECORDED IN MAP BOOK 80, PAGES 36 THROUGH 38, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 1-4, AS RECORDED IN MAP BOOK 80, PAGES 66 THROUGH 69, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 1-5, AS RECORDED IN MAP BOOK 81, PAGES 43 THROUGH 45, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 1-6, AS RECORDED IN MAP BOOK 81, PAGES 46 THROUGH 49, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 1-7, AS RECORDED IN MAP BOOK 82, PAGES 31 THROUGH 36, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 1-8, AS RECORDED IN MAP BOOK 84, PAGES 25 THROUGH 28, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 1B EAST, AS RECORDED IN MAP BOOK 82, PAGES 37 THROUGH 43, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 1B EAST-2, AS RECORDED IN MAP BOOK 82, PAGES 44 THROUGH 47, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 1B-3 EAST, AS RECORDED IN MAP BOOK 85, PAGES 31 THROUGH 33, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 1B EAST-4, AS RECORDED IN MAP BOOK 86, PAGES 87 THROUGH 91, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 1B EAST-5, AS RECORDED IN MAP BOOK 87, PAGES 78 THROUGH 80, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 1B EAST-6, AS RECORDED IN MAP BOOK 90, PAGES 53 THROUGH 55, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 1B WEST, AS RECORDED IN MAP BOOK 81, PAGES 61 THROUGH 79, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 1B WEST-2, AS RECORDED IN MAP BOOK 83, PAGES 83 THROUGH 86, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 1B WEST-3, AS RECORDED IN MAP BOOK 85, PAGES 27 THROUGH 30, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 1B WEST-4, AS RECORDED IN MAP BOOK 86, PAGES 92 THROUGH 95, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 1B WEST-5, AS RECORDED IN MAP BOOK 87, PAGES 81 THROUGH 84, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 1B WEST-6, AS RECORDED IN MAP BOOK 90, PAGES 56 THROUGH 59, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 1B WEST-7, AS RECORDED IN MAP BOOK 91, PAGES 33 THROUGH 39, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 1C, AS RECORDED IN MAP BOOK 92, PAGES 69 THROUGH 72, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 2A, AS RECORDED IN MAP BOOK 89, PAGES 1 THROUGH 17, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 2A-2, AS RECORDED IN MAP BOOK 92, PAGES 62 THROUGH 68, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 2A-3, AS RECORDED IN MAP BOOK 95, PAGES 60 THROUGH 67, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 2A-4, AS RECORDED IN MAP BOOK 97, PAGES 52 THROUGH 55, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:

THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 2A-5, AS RECORDED IN MAP BOOK 101, PAGES 45 THROUGH 47, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 2B, AS RECORDED IN MAP BOOK 93, PAGES 9 THROUGH 17, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 2B-2, AS RECORDED IN MAP BOOK 95, PAGES 55 THROUGH 59, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 2B-3, AS RECORDED IN MAP BOOK 97, PAGES 56 THROUGH 59, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 2B-4, AS RECORDED IN MAP BOOK 101, PAGES 48 THROUGH 51, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 2C, AS RECORDED IN MAP BOOK 96, PAGES 40 THROUGH 52, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 2C-2, AS RECORDED IN MAP BOOK 98, PAGES 62 THROUGH 64, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 2C-3, AS RECORDED IN MAP BOOK 99, PAGES 48 THROUGH 51, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 2C-3 REPLAT, AS RECORDED IN MAP BOOK 102, PAGES 15 THROUGH 18, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 2C-4, AS RECORDED IN MAP BOOK 102, PAGES 72 THROUGH 75, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:

THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 2D, AS RECORDED IN MAP BOOK 101, PAGES 16 THROUGH 34, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

FURTHER LESS AND EXCEPT:
THOSE LANDS DESCRIBED IN THE PLAT OF SHEARWATER PHASE 2E, AS RECORDED IN MAP BOOK 102, PAGES 85 THROUGH 94, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA;

Consideration of Resolution 2021-01, Supplemental Assessment,
Series 2020 Bonds (Under Separate Cover)

TAB 16

RESOLUTION 2021-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT AMENDING RESOLUTION 2020-14; ADOPTING A REVISED ASSESSMENT COLLECTION SCHEDULE; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Trout Creek Community Development District (“District”) is a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, for the purpose of providing, operating and maintaining infrastructure improvements, facilities and services to the lands within the District; and

WHEREAS, at its August 4, 2020 meeting the District’s the Board of Supervisors (“Board”) adopted Resolution 2020-14 which imposed operation and maintenance special assessments on benefitted lands within the District to fund the District’s budget for Fiscal Year 2020-2021 (“Fiscal Year 2021 Assessments”) and certified for collection the previously levied debt service assessments; and

WHEREAS, the Board desires to adopt a modify Resolution 2020-14 as described below.

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

SECTION 1. REVISIONS TO RESOLUTION 2020-14. Section 3 of Resolution 2020-14
shall be deleted in its entirety and replaced with the following language.

SECTION 3. COLLECTION AND ENFORCEMENT; PENALTIES; INTEREST.

Tax Roll Assessments. The operations and maintenance special assessments and previously levied debt service special assessments imposed on the Tax Roll Property shall be collected at the same time and in the same manner as County taxes in accordance with the Uniform Method, as set forth in Exhibits “A” and “B.” Direct Bill Assessments. The operations and maintenance special assessments and previously levied debt service special assessments imposed on the Direct Collect Property shall be collected directly by the District in accordance with Florida law, as set forth in Exhibits “A” and “B.” Assessments directly collected by the District are due in full on December 1, 2020; provided, however, that, to the extent permitted by law, the assessments due may be paid in several partial, deferred payments and according to the following schedule:

Operation and Maintenance Assessments: 50% due no later than December 1, 2020, 25% due no later than February 1, 2021, and 25% due no later than May 1, 2021.

Debt Service Assessments: 65% due no later than April 1, 2021 and 35% due no later than August 1, 2021.

In the event that an assessment payment is not made in accordance with the schedule stated above, the whole assessment – including any remaining partial, deferred payments for Fiscal Year 2020/2021, shall immediately become due and payable; shall accrue interest, penalties in the amount of one percent (1%) per month, and all costs of collection and enforcement; and shall either be enforced pursuant to a foreclosure action, or, at the District’s sole discretion, collected pursuant to the Uniform Method on a future tax bill, which amount may include penalties, interest, and costs of collection and enforcement. Any prejudgment interest on delinquent assessments shall accrue at the rate of any bonds secured by the assessments, or at the statutory prejudgment interest rate, as applicable. In the event an assessment subject to direct collection by the District shall be delinquent, the District Manager and District Counsel, without further authorization by the Board, may initiate foreclosure proceedings pursuant to Chapter 170, Florida Statutes, or other applicable law to collect and enforce the whole assessment, as set forth herein.

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

SECTION 4. EFFECT ON PRIOR RESOLUTIONS. This Resolution is intended to amend, in part, Resolution 2020-14 for the limited purpose of revising the collection schedule for the Fiscal Year 2021 Assessments and the previously levied debt service assessments. All other terms of Resolution 2020-14 remain in full force and effect.

SECTION 6. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

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

PASSED AND ADOPTED this 	day of 	, 2020.

ATTEST:	TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary

By:	 Its: 	

Exhibit A:	Budget
Exhibit B:	Assessment Roll (Uniform Method) Assessment Roll (Direct Collect)

Selecting an Audit Committee and Setting First Audit Committee Meeting

SUPERVISOR REQUESTS

ADJOURNMENT