Trout Creek Community Development District

Board of Supervisors’ Meeting
August 17, 2022

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

www.troutcreekcdd.org

District Office · St. Augustine, Florida · (904) 436-6270
Mailing Address – 3434 Colwell Avenue, Suite 200, Tampa, Florida 33614 www.troutcreekcdd.org

Board of Supervisors	Andy Smith
David Roane	Chairman
Vice Chairman	
	Michael Gruber Frank Murphy Ryan Stone	Assistant Secretary Assistant Secretary Assistant Secretary	

District Manager	
Carol Brown Melissa Dobbins	
Rizzetta & Company, Inc.	
District Counsel			
	Katie Buchanan	Kutak Rock LLP	

District Engineer
Brad Davis	Prosser Inc. Matt Melchiori

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

The first section of the meeting is called Audience Comments, which is the portion of the agenda where individuals may make comments on Agenda Items. The final section of the meeting will provide an additional opportunity for Audience Comments on other matters of concern that were not addressed during the meeting. Individuals are limited to a total of three (3) minutes to make comments during these times.

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.

District Office · St. Augustine, Florida · (904) 436-6270
Mailing Address – 3434 Colwell Avenue, Suite 200, Tampa, Florida 33614 www.troutcreekcdd.org

Board of Supervisors	August 10, 2022
Trout Creek Community Development District
AGENDA

Dear Board Members:

The special meeting of the Board of Supervisors of the Trout Creek Community Development District will be held on August 17, 2022, at 6:00 p.m. in the cafeteria of Timberline Creek Elementary School, 555 Pine Tree Lane, St. Augustine, FL 32092.

CALL TO ORDER / ROLL CALL
AUDIENCE COMMENTS ON AGENDA ITEMS
BUSINESS ADMINISTRATION
Consideration of the Minutes of the Board of Supervisors’ Special
Meeting held on June 22, 2022	Tab 1
Ratification of the Operation and Maintenance Expenditures for
June 2022	Tab 2
Ratification of Requisitions:	Tab 3
Account Series 2020; CUS 70-74
Account Series 2020; CUS 75-78
Construction Activity Report, Period Ending June 2022	Tab 4
Acceptance of Financial Audit for September 30, 2021	Tab 5
Acceptance of AMTEC Rebate Report for Series 2018,
dated June 30, 2022	Tab 6
STAFF REPORTS
District Counsel
District Engineer	Tab 7
Update on Retaining Wall Repair
Update on Tree Remediation and Proposal(s)
Construction Administrator
Landscape Manager	Tab 8
VerdeGo Landscape Report, date August 2022
Community Director	Tab 9
Charles Aquatics Report, date July 2022
District Manager
BUSINESS ITEMS
Public Hearing on Uniform Method of Collection	Tab 10
Consideration of Resolution 2022-15, Approving the Utilization of the Uniform Method of Collection
Public Hearing on Fiscal Year 2022-2023 Final Budget	Tab 11
Consideration of Resolution 2022-16, Approving Fiscal Year 2022-2023 Final Budget

Public Hearing on Special Assessments	Tab 12
Consideration of Resolution 2022-17, Imposing Special Assessments
Consideration of Resolution 2022-18, Authorizing, Confirming and Approving the Acceptance of Dedication Property and Improvements	Tab 13
Discussion of Temporary Construction and Access Agreement for Timberwolf Trail Easement	Tab 14
Discussion on District Service Contract Procedures
Ratification & Consideration of the Nadar’s Termite
Bond Agreements	Tab 15
AUDIENCE COMMENTS AND 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.

Yours kindly,
Carol L. Brown
District Manager

Tab 1

1
2
3	MINUTES OF MEETING
4
Each person who decides to appeal any decision made by the Board with respect to any
matter considered at the meeting is advised that the person may need to ensure that a
verbatim record of the proceedings is made, including the testimony and evidence upon
which such appeal is to be based.
9
10	TROUT CREEK
11	COMMUNITY DEVELOPMENT DISTRICT
12
The regular meeting of the Board of Supervisors of Trout Creek Community
Development District was held on June 22, 2022, at 3:00 p.m. in the cafeteria of
Timberlin Creek Elementary School, 555 Pine Tree Lane, St. Augustine, FL 32092.
16
17	Present and constituting a quorum:
18
David Roane	Board Supervisor, Vice Chairman
Michael Gruber	Board Supervisor, Assistant Secretary
Frank Murphy	Board Supervisor, Assistant Secretary
Ryan Stone	Board Supervisor, Assistant Secretary
23
Also present were:
Carol Brown	District Manager, Rizzetta & Co., Inc.
Joe Cook	Vice President, CCMC
Mike McCollum	Developer, Freehold Capital Management
Scott Settlemires	VerdeGo Landscape
29
30	Present Via Speakerphone:
31	Tim O’Reilly	Prosser Inc.
32	Wes Haber	Kutak Rock, LLC
33	Additional Staff
34
35	Members of the public present.
36
37	FIRST ORDER OF BUSINESS	Call to Order
38
39	Ms. Brown called the meeting to order at 3:01 PM.
40
SECOND ORDER OF BUSINESS	Audience Comments
Agenda Items
43
Audience commented on retaining wall, culvert box, trees, pool, landscaping, price
increases, potholes, irrigation, contracts, holiday decorations, and operation &
maintenance expenses.
47

49		
50		
51	THIRD ORDER OF BUSINESS	Consideration of the Minutes of	
52		the Board of Supervisors’	
53		Regular Meeting held on May	
54		18, 2022	
55			
	On a motion by Mr. Murphy, seconded by Mr. Stone, with all unanimously in favor, the Board of Supervisors approved the Minutes of the Board of Supervisors’ Meeting held on May 18, 2022, for Trout Creek Community Development District.	
56
57	FOURTH ORDER OF BUSINESS	Ratification of the Operation
58	and Maintenance Expenditures
59	for April and May 2022
60

On a motion by Mr. Roane, seconded by Mr. Stone, with all unanimously in favor, the Board of Supervisors ratified the Operation and Maintenance Expenditures for April in the amount of $137,621.35 and May in the amount of $130,215.82, for Trout Creek Community Development District.

61
62	FIFTH ORDER OF BUSINESS	Ratification of Requisitions
63

On a motion by Mr. Stone, seconded by Mr. Gruber, with all unanimously in favor, the Board of Supervisors ratified the Requisitions for Account Series 2018, CUS 182-183, and Account Series 2020, CUS 61-66 and CUS 67-69, for Trout Creek Community Development District.

64
65	SIXTH ORDER OF BUSINESS	Construction Activity Report,
66	Period Ending April 2022
67
68	Construction Activity Report found under tab 4.
69
SEVENTH ORDER OF BUSINESS	Consideration of Arbitrage
Rebate Proposal
72
Ms. Brown informed the Board that this proposal is for the newest bond, Series 2022 and
that the District is required to have this analyst report performed.
75

On a motion by Mr. Murphy, seconded by Mr. Roane, with all unanimously in favor, the Board of Supervisors approved the Bond Series 2022 in the amount of $450.00 beginning May 2022 through May 2027, for Trout Creek Community Development District.

76
77
78

80		
81	EIGHTH ORDER OF BUSINESS	Consideration of Resolution	
82		2022-12; Ratifying the Sale of	
83		Series 2022 Bonds	
84			
Mr. Haber reminded the Board that they had previously approved the Award Resolution
authorizing the Chair and staff to execute the bond purchase. This Resolution is the next
step and ratified the bond issuance.
88

On a motion by Mr. Roane, seconded by Mr. Stone, with all unanimously in favor, the Board of Supervisors approved Resolution 2022-12, which ratified the sale of Series 2022 Bonds, for Trout Creek Community Development District.

89
NINETH ORDER OF BUSINESS	Consideration of Disclosure of
Public Financing
92
93	Mr. Haber informed the Board that this document is required, per Florida Statutes 190
94	for the recent Bond Series 2022 and is recorded in the official records of St. Johns
95	County.
96

On a motion by Mr. Murphy, seconded by Mr. Stone, with all unanimously in favor, the Board of Supervisors approved the Disclosure of Public Financing, for Trout Creek Community Development District.

97
98	TENTH ORDER OF BUSINESS	Consideration of Requisition 2
99
100	Ms. Brown informed the Board that this requisition returns funds to the developer and is in
101	the amount of $1,440,257.63
102
103	Mr. Haber stated that this is in the District’s agreement with the developer, which allows
104	the developer to provide funds to continue developing and this is for repayment of those
105	funds. (Exhibit A)
106

On a motion by Mr. Gruber, seconded by Mr. Murphy, with all unanimously in favor, the Board of Supervisors approved Requisition 2 in the amount of $1,440,257.63, for Trout Creek Community Development District.

107
108	ELEVENTH ORDER OF BUSINESS	Staff Reports
109
110	A.	District Counsel
111	Ms. Haber was present, via speaker phone, and available to take any
112	questions from the Board.
113
114	B.	District Engineer
115
116	1.) Acceptance of Stormwater Needs Analysis Report, Dated June 15,
117	2022.

118
119	Ms. Brown presented the final version of the Stormwater Needs
120	Analysis report and informed the Board that this report will be
121	submitted to the county. Mr. McCollum reminded the Board that this
122	report is a new state requirement. Discussion ensued.
123

On a motion by Mr. Stone, seconded by Mr. Gruber, with all unanimously in favor, the Board of Supervisors approved the Stormwater Needs Analysis, dated June 15, 2022 to meet the state requirement, however, this approval is not intended to and shall not waive any rights or claims the District may have with respect to the retaining wall failure, for Trout Creek Community Development District.

124
125	2.)	Prosser Memorandum Shearwater Trees, Dated June 10, 2022.
126
127	Mr. O’Reilly was present, via speakerphone. He reviewed his report
128	and findings, found under Tab 8. He stated that trees are stressed,
129	soil has no nutrients and he recommended to add soil nutrients. He
130	said he had been provided and reviewed the other arborist’s report
131	and	stated	his	remediation	approach	is	better	than	their
132	recommendation. Discussion ensued.
133
134	Board directed staff to provide the original contract for the tree
135	installation with soil sample performed before the trees were installed.
136	Board also directed staff to provide a cost analysis to amend soil.
137
138	Board excused Mr. O’Reilly from the meeting.
139
140	C.	Construction Administrator
141	Mr. McCollum was present and available to take any questions from the
142	Board.
143
144	D.	Landscape Managers
145
146	1.)	Prestige Landscape Report, dated May 27, 2022.
147	Mr. Kenny was not present, and his report was found under
148	tab 9.
149
150	2.)	VerdeGo Landscape Report, dated June 8,2022
151	Mr. Settlemires was present, and his report was found under
152	tab 9.
153
154	Mr.	Roane	reminded	the	Board	that	Prestige	is	now
155	responsible to maintain the Outpost and Phase 3 and
156	VerdeGo is responsible for everything else. He suggested to
157	the Board that they consider reducing the areas VerdeGo
158	maintains and to potentially add another landscaping vendor
159	to the District. Discussion ensued.

161
162
E.	Community Director
Mr. Cook provided the Board with his management report. (Exhibit B) and
reviewed. He informed the Board that the new Community Director will start
on June 30th and a new seasonal café host will begin on June 23, 2022. He
also shared that a colleague of his visited Trout Creek CDD to review
security challenges and will be providing the District with evaluation note and
recommendations. Discussion ensued.
170
171	1.)	Charles Aquatics Service Report, May 31, 2022
172	Report found under Tab 10.
173
174	F.	District Manager
175
176	Ms. Brown presented her report to the Board. (Exhibit C) and
177	informed the Board that she is currently working on the Budget Public
178	Hearing Notices for the newspaper and mailing.
179
180	1.)	Ratification of Poolsure Temporary Surcharge

Ms. Brown informed the Board that she advised Poolsure that the Board did not accept the 8% temporary surcharge and the vendor replied and said he would then give his 30-day notice. Ms. Brown discussed this with the Chairman, and he approved the temporary surcharge and directed staff to obtain pool chemical proposals.

On a motion by Mr. Stone, seconded by Mr. Gruber, with all unanimously in favor, the Board of Supervisors ratified the Poolsure Temporary Surcharge, for Trout Creek Community Development District.

TWELFTH ORDER OF BUSINESS

Public Hearing to Consider Imposition of Special Assessments Resolution 2022-13; Imposing Special Assessments

181
182
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184
185
186
187

188
189
190
191
192
193
194
Ms. Brown explained there was a small section of land, originally not included in the
District’s boundary, and this special assessment does not impact the current residents.
That this only pertains to the land to be developed. Mr. Haber confirmed what Ms. Brown
stated.
199

On a motion by Mr. Roane, seconded by Mr. Stone, with all unanimously in favor, the Board of Supervisors opened the Public Hearing to Consider Imposition of Special Assessments Resolution 2022-13; Imposing Special Assessments , for Trout Creek Community Development District.

201
202
Audience members comments including confirming this would not affect current residents,
and why wasn’t this originally included.
205

On a motion by Mr. Roane, seconded by Mr. Stone, with all unanimously in favor, the Board of Supervisors closed the Public Hearing to Consider Imposition of Special Assessments Resolution 2022-13; Imposing Special Assessments, for Trout Creek Community Development District.

206
207	1.)	Consideration of Resolution 2022-13; Imposing Special Assessments
208
On a motion by Mr. Roane, seconded by Mr. Stone, with all unanimously in favor, the Board of Supervisors adopted Resolution 2022-13; Imposing Special Assessments, for Trout Creek Community Development District.
209
THIRTEENTH ORDER OF BUSINESS	Consideration of Resolution
2022-14; Expressing Intent to
Utilize the Uniform Method
213
Mr. Haber informed the Board that this Resolution will allow a Public Hearing to be held
for the District to use the Uniform Method for Collecting Assessments, which is done
through the county’s tax bill.
217
Ms. Brown informed the Board that the date of this Public Hearing could be set for
August 17, 2022 at 6 PM at the Timberlin Creek Elementary School.
220
On a motion by Mr. Roane, seconded by Mr. Stone, with all unanimously in favor, the Board of Supervisors adopted Resolution 2022-14; Expressing Intent to Utilize the Uniform Method with Public Hearing date set for August 17, 2022 at 6 PM at the Timberlin Creek Elementary School, for Trout Creek Community Development District.
221
FOURTEENTH ORDER OF BUSINESS	Discussion of Retaining Wall -
Matthew Design Group Report,
dated May 31, 2022
225
The Board was presented with the Matthew Design Group Report, dated May 31, 2022.
(Exhibit D)
228
Mr. McCollum informed the Board that staff was notified, after a big storm, that a
massive amount of rainfall had washed out the retaining wall and when in discussion
with Mr. Buchannan, she advised the developer to obtain a third party report to analyze
the circumstances. He stated that Matthews Design Group is an independent company.
He also advised that the repairs were almost complete. Mr. McCollum added that
because this was a life safety issue, the District had to move forward with the repairs.
Discussion ensued.

237
238
239
1.)	Ratification of Agreement with Vallencourt Construction Co., Inc. for
Repairs.
242
Mr. McCollum presented the agreement found under tab 13 and stated this proposal
amount was a starting point for repairs to get the work started and to get it done.
Discussion ensued.
246
On a motion by Mr. Roane, seconded by Mr. Gruber, with three in favor and Mr. Murphy opposed, the Board of Supervisors ratified the Vallencourt Construction Co., Inc. agreement for retaining wall repairs, for Trout Creek Community Development District.
247
FIFTEENTH ORDER OF BUSINESS	Discussion of VerdeGo
Agreement
250
Mr. Murphy stated he had seen an increase in work performance, however, asked who
oversees the contract and that VerdeGo is not currently doing it.
253
Mr. Roane commented that historically Districts’ have one contract with a landscaping vendor
and that possibly by adding additional vendor contracts this would increase competition and
fair pricing. Discussion ensued.
257
The Board directed staff to obtain an action plan from VerdeGo. Mr. Cook informed the Board
that they are in the process of formatting a resident landscape group.
260
SIXTEENTH ORDER OF BUSINESS	Consideration of Pine Straw
Proposal
263
264	The Board reviewed proposals found under tab 15. Discussion ensued.
265
On a motion by Mr. Stone, seconded by Mr. Gruber, with all unanimously in favor, the Board of Supervisors approved the installation of pine straw and pine bark, with a not to exceed amount of $90,338.38, for Trout Creek Community Development District.
266
SEVENTEENTH ORDER OF BUSINESS	Consideration of Surfside Pool
Maintenance Proposals
269
Mr. Cook informed the Board that five proposals were requested, and the District received
two. Board Directed staff to obtain references. Discussion ensued.
272

On a motion by Mr. Roane, seconded by Mr. Gruber, with all unanimously in favor, the Board of Supervisors approved Surfside Pools proposal in the amount of $3,500.00, for Trout Creek Community Development District.

273

275		
276		
277	EIGHTEENTH ORDER OF BUSINESS	Consideration of Palm Tree	
278		Lighting Replacement	
279		Proposal	
280			
This item was tabled by the Board. Mr. Roane will explore the warranty on the current
lights.
283
NINETEENTH ORDER OF BUSINESS	AUDIENCE COMMENTS AND
SUPERVISOR REQUESTS
286
287	Supervisor Requests:
288
Mr. Murphy expressed concern over the enforcement of the Golf Cart policy and that all
golf cart users are to have a valid drivers license. The Board directed staff to send out E-
Blasts reminding residents of this policy and to include the St. Johns County Sheriff’s
Department non-emergency number.
293
Mr. Murphy stated the swim meet went nicely. Inquired on the status of proposal to repaint
the slide. He asked staff to include a monthly vandalism report to the Board. He inquired
on the status of the pool heater proposals. Mr. Cook responded and said that staff would
obtain the pool heater proposal for the August meeting.
298
299	Audience Comments:
300
Audience comments included fireworks, pine straw, cost of bales, why VerdeGo doesn’t
install mulch, golf cart registration, budget process, vandalism, and posting pictures of
individuals, landscaping, gym door status and repayment, dead shrubs, irrigation system
not working, pool closure on Mondays, retaining wall and drainage, prevention of other
side failing, potholes, speed limits, landscaping impact, speedbump, HOA vs. CDD,
pickleball court, lazy river, landscape committee.
307
Mr. Stone responded to audience comments and agreed for the Board to consider looking
into registering golf carts, exploring having the pool open on Mondays, patching potholes
and obtaining pickle ball proposals.
311
312	TWENTYTH ORDER OF BUSINESS	Adjournment
313

On a motion by Mr. Stone, seconded by Mr. Gruber, with all unanimously in favor, the Board adjourned the Board of Supervisors’ Meeting at 5:42 PM, for Trout Creek Community Development District.

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Secretary /Assistant Secretary	Chairman / Vice Chairman

Exhibit A

TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT

District Office · St. Augustine, Florida · (904) 436-6270
Mailing Address – 3434 Colwell Avenue, Suite 200, Tampa, Florida 33614 www.troutcreekcdd.org

M E M O R A N D U M

TO:	Brad Davis, Prosser, Inc.
Mike McCollum for Andrew Smith, Freehold Capital Management	
FROM:	Hanna Yi/Bill James
Trout Creek Community Development District	
DATE:	June 21, 2022	
RE:	Series 2022 Construction Requisition(s) Approval - #CR 2	
Enclosed is/are construction requisition(s) for the above referenced district. Please review the requisition(s) and, upon your approval, sign the designated area(s) and forward the requisition(s) to Mike McCollum.

Mike, upon your review and approval, please have the Chairman sign the designated area(s) and forward the requisition(s) back to the District Office at the below e-mail address for final processing.
hyi@rizzetta.com

If you have any questions, please do not hesitate to call me at (813) 533-2950.

WFC Ashford Mills	$1,440,257.63

Exhibit B

Shearwater

District CCMC Management Report

6.22.22
Completed final candidate interviews for Community Director. Barry Jeskewich has accepted our offer to join the team as Community Director for Shearwater. Barry has a strong background in multiple operations including parks and recreation with city government and also resort operations. We believe he has all the intangibles that would provide the on-site leadership for the team and community that is needed. He currently resides in Tampa and will be to relocating to St. Augustine soon. Barry's first day at Shearwater will be June 30th.

Hired a seasonal host for the Hub for food and beverage service. Gracie Waldeck starts on 6.23.22

Completed a Shearwater site team organization chart summary along with a brief job roles and responsibilities description along with district staffing expense percentage allocation.

Completed a proposal to formalize a resident landscape committee to assist the team. The landscape committee volunteer application form along with a draft of the landscape committee charter was reviewed and approved. We plan on announcing the formation of the committee to the community and requesting volunteer applicants by the end of the week.

Obtained 3 quotes for pine straw installation at the Kayak Club: Greenway Landscaping $15,294, Mulch Masters $12,350, and Everglades - TBD, I have a call in to ask them to separate the Kayak Club from community wide quote.

Received one quote on community wide pine straw/mulch: Everglades: $90,338 includes Kayak Club. I'm waiting on quotes from Greenway Landscaping and Mulch Masters.

Obtained 2 quotes on Pool Maintenance for 3 x week service with cleaning the fun pool, lap pool and lazy river: Coastal Pool Care: $58,980 annually ($4,915 monthly, plus chemicals), Surfside: $42,000 annually ($3,500 monthly, plus chemicals).

Obtained 1 quote for removing and replacing the palm tree lighting around the pool: All Weather Contractors ($26,230).

Quote requested from True Line Fence for pool access gate repair.

Coordinated a Shearwater site visit with William Pinho, Director of Community Patrol at Babcock Ranch, to provide his professional evaluation and recommendations on the safety and security of Shearwater. I expect to receive his report in the next few days.

Exhibit C

UPCOMING DATES TO REMEMBER
Next Meeting: July 20, 2022, at 3 PM in the Kayak Club
FY 2020-2021 Audit Completion Deadline: April 30, 2022
Next Election (Seats 1 & 2): November 8, 2022
Bond Maturity Dates: Series 2015: 05/01/45, Series 2018: 05/01/49 & Series 2020: 05/01/51, Series 2022: 05/01/52
T
R

July 20
Report	2022
District
Manager’s

Financial Summary	04/30/22	O
General Fund Cash & Investment Balance:	$1,317,637*	U
T
Reserve Fund Cash & Investment Balance:	$270,976**

E

Total Fund Balance YTD Actual:	$1,317,637		C R
Total Expenditure YTD Variance:	$280,200
Under Budget
E
*General Fund Cash: Includes FY 21/22 AR of $103,882.61	K
** Reserve Fund: Account in process of being established with
FY 21/22 Contingency Capital Reserves.
Funds currently reflected in General Fund Cash	C
Line Items with Significant YTD Variance Over Budget:	D
Irrigation Repairs: $8,044; Misc. Expenses: $18,635; Lifeguards: $8,419;	D
Amenity Maintenance & Repairs: $47,718 and Access Control Maintenance & Repairs: $5,255

Exhibit D

SITE VISIT – RETAINING WALL FAILURE - OBSERVATION REPORT	1. Date and Time
05/26/2022 at 2:15 pm	
	2. Report Number
2022-05-26	
3. MDG Project No.
000	4. Project Name -
Shearwater	5. Location
St. Johns County	
6. Contractor
Vallencourt Co., Inc.	7. Project Manager
MDG – Rob Matthews	8. Quality Control Monitor
MDG – Ivan Lamoš	
9. Temperature
86	High	10. Weather
Partly Sunny	11. Hours on Job
0.5 hr + 1.5 hr drivetime.	

Visit Date – May 26, 2022
Report Date – May 31, 2022

Matthews Design Group performed a site visit to observe the state of the retaining wall and surrounding areas at Shearwater Phase 2 wetland crossing following heavy rain event that took place 5/21/2022 (date provided by David Roane).

Plan View (Image 1)

May 31, 2022
Page 2

Failure of the retaining wall was contained on the west side of wetland crossing between station 0+40 and 1+70 (see image 1 for location, see image 2 for extent of failure). Lateral movement of wall was observed along with significant erosion and loss of fill around drainage structure and erosion along the southern tapering portion of the retaining wall between stations 1+70 and 2+00 (Image 3 & 4).

Image 2 – Retaining wall failure	Image 3 – Erosion behind retaining wall

Image 4 – Erosion behind tapering retaining wall

Loss of fill was also observed through another portion of retaining wall next to box culvert designed for animal crossing (image 5 & 6).

May 31, 2022
Page 3

Image 5 – Animal Crossing	Image 6 – Erosion behind retaining wall

Image 7 – Sediment deposit	Image 8 – Sediment deposit

2. Remarks (Comments, General Discussions, Field Changes, Deficiencies etc.)

Based on observation of the failures during our visit after the rainstorm it is our opinion that the failure was caused by water overflowing the western inlet where erosion control device was correctly set up/placed per SWPPP. Greater than normal amount of water was not able to drain through provided storm water system and overtopped curb and followed paths of least resistance (Image 4 & 6) which caused fill to flow from behind the wall and be deposited in areas at the foot of the wall (image 7 & 8). It is recommended that the retaining wall is taken down to the course that is structurally stable and is rebuilt per plans that were issued for this project, refer to design engineer to eliminate water flow over the retaining wall to prevent similar failure. Additionally fill deposited at the crossing box culvert is to be removed and restored to pre storm
condition along with cleaning of sediment from box culvert and downstream area (eastern side)	
3. Signed - Quality Control Monitor:	
4. Reviewed by:	

Tab 2

TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT

District Office - St. Augustine, Florida - (904)-436-6270
Mailing Address - 3434 Colwell Avenue, Suite 200, Tampa, Florida 33614 troutcreekcdd.org

Operation and Maintenance Expenditures Presented For Board Approval
June 2022

Attached please find the check register listing the Operation and Maintenance expenditures paid from June 1, 2022 through June 30, 2022. This does not include expenditures previously approved by the Board.

The total items being presented:    $140,601.57

Approval of Expenditures:

		Chairperson

		Vice Chairperson

		Assistant Secretary

Paid Operation & Maintenance Expenditures	
June 1, 2022 Through June 30, 2022	

Vendor Name		
Check Number		
Invoice Number		
Invoice Description		
  Invoice Amount	
All Weather Contractors	003929	143157	Trouble Shoot Lighting 06/22	$	275.00	
Arrow Exterminators Inc., dba Nader's Pest Raiders
Arrow Exterminators Inc., dba Nader's Pest Raiders
Arrow Exterminators Inc., dba Nader's Pest Raiders
AT&T Communications System	003921

003921

003921

003900	47510210

47534070

47534072

151561791 06/22	Commercial Pest Control 06/22 Pest Control 06/22
Rodent Service 06/22

Acct # 151561791 - 06/22	$

$

$

$	110.00

55.00

33.00

16.05	
AT&T Communications System	003901	299942543 06/22	Acct # 299942543 06/22	$	16.05	
Bucket List Productions, LLC	003930	061122	Bubble Truck 06/22	$	590.40	
Bucket List Productions, LLC	003930	061122 - Grad Bash	Bubble Truck for Grad Bash 06/22	$	590.40	
Capital Consultants Management Corporation
Charles Aquatics, Inc.

Charles Aquatics, Inc.	003896

003933

003933	TCD-06012022 45309
45444	Amenity Management Services 05/22

Bi-Monthly Cleaning of Fountains & Columns in Pond 1 06/22
Aquatic Maintenance 06/22	$

$

$	11,488.76

400.00

1,561.00	
Charles David Roane

Colden Company, Inc.	003944

003913	DR062222

15426	Board of Supervisors Meeting 06/22/22
Service Call 05/22	$

$	200.00

1,020.16	
Commercial Energy Specialists, Inc.	003912	181010	Thermometer Repair 05/22	$	245.09	
Commercial Energy Specialists, Inc.	003932	181839	Pump Repair 06/22	$	345.00	

Vendor Name		Check Number		Invoice Number		Invoice Description		  Invoice Amount	
	003911	CAD #108645	Deputy Patrol 05/22	$	120.00	
Critter Control Operations, Inc.	003925	2707638	Monthly Pest Control - 06/22	$	122.00	
David Lesage	003897	David Lesage 052522	Reimbursement for Pool Chemicals	$	74.43	
			05/22			
Earthkinship LLC	003903	Earthkinship 01622	Kayak Safety Clinic and Gear Session	$	400.00	
			06/22			
First Coast Franchising dba Jani-King of	003904	JAK06220427	Cleaning Service 06/22	$	4,275.72	
Jacksonville						
First Coast Franchising dba Jani-King of	003939	JAK06220487	Cleaning Service 06/22	$	427.57	
Jacksonville						
First Coast Franchising dba Jani-King of	003920	JAK06220488	Liners 06/22	$	70.68	
Jacksonville						
First Coast Franchising dba Jani-King of	003939	JAK06220489	Cleaning Service 06/22	$	427.57	
Jacksonville						
Florida Department of Health in St Johns	003907	55-BID-5914619	Pool Permit #55-60-1592216 -	$	225.00	
County			2022/2021			
Florida Department of Health in St Johns	003908	55-BID-5914620	Pool Permit #55-60-1592207 -	$	225.00	
County			2022/2023			
Florida Department of Health in St Johns	003909	55-BID-5914621	Pool Permit #55-60-1592213 -	$	225.00	
County			2022/2023			
Florida Department of Revenue	003934	65-8017062725-9 Sales	Sales and Use Tax 05/22	$	350.79	
		and Use Tax 05/22				
FPL	2022061522-1	FPL Summary 05/22	FPL Summary 05/22	$	7,865.85	
Frank Murphy	003941	FM062222	Board of Supervisors Meeting	$	200.00	
			06/22/22			
Howard Services, Inc.	003918	14941	AC Maintenance 05/22	$	1,339.50	

Vendor Name	Check Number	Invoice Number	Invoice Description	Invoice Amount	

Howard Services, Inc.	
003918	
C-4918	
Semi-Annual Mechanical Maintenance	
$	458.95	

IPFS Corporation	
003919	
GAA-B75447 Pymt 9 of 11	06/22
GAA-875447 Pymt 9 of 11	
$	4,373.43	
Jacksonville Electric Authority	2022061522-2	9634626977 05/22	Water-Sewer Combination Services	$	25,559.75	

Kutak Rock LLP	
003905	
3054505	05/22
Legal Services 04/22	
$	2,676.56	
	003924	SJSO22CAD114221	Deputy Patrol 05/22	$	120.00	
	003940	52424	Audit Services FY 20/21	$	4,000.00	
Michael T. Gruber	003938	MG062222	Board of Supervisors Meeting	$	200.00	

003922	
SJSO22CAD121697	06/22/22
Deputy Patrol 06/22	
$	120.00	
Newagetutors LLC OBA VGlobal Tech	003928	3940	Website ADA Compliance 06/22	$	300.00	
Newagetutors LLC OBA VGlobal Tech	003928	3941	Website ADA Compliance Quarterly	$	400.00	

Poolsure	
003898	
131295606855	06/22
Monthly Pool Chemicals 06/22	
$	2,741.04	
Prosser, Inc.	003899	48046	Engineering Services 04/22	$	2,175.04	
Prosser, Inc.	003906	48081	Engineering Services 04/22	$	3,217.50	
Prosser, Inc.	003942	48089	Engineering Services 05/22	$	3,080.00	
Republic Services of Florida	2022061522-3	0687-001228312	Waste Disposal Services - 06/22	$	405.23	

Vendor Name	 Check Number	 Invoice Number	 Invoice Description	  Invoice Amount

Rizzetta & Company, Inc.	003943	INV0000068688	District Management Fees 06/22	$	4,306.59	
Roy W. Green	003915	061122	DJ for Bingo 06/22	$	250.00	
Roy W. Green	003916	061122 B	DJ for Grad Bash 06/22	$	250.00	
Roy W. Green	003917	061122 C	DJ for Family Bingo 06/22	$	250.00	
Roy W. Green	003937	061522	Camera for Party 06/22	$	750.00	
Ryan Scott Stone	003945	RS062222	Board of Supervisors Meeting	$	200.00	

SouthStar Energy Services LLC dba Florida	
003935	
662683ES	06/22/22
Natural Gas 05/22	
$	12.59	
Natural Gas					
	003936	SJSO22CAD087343	Deputy Patrol 06/22	$	120.00	
					
	003914	SJSO22CAD121072	Deputy Patrol 06/22	$	120.00	

Trout Creek CDD	06-30-22		Debit Card Transfer 06-30	$	2,739.90	
Trout Creek CDD	06-13-22		Debit Card Transfer 06-13	$	5,638.40	
Vak Pak Inc. Manufacturing	003946	050422-1	Replace Motor on River Pump 06/22	$	3,885.29	
Vak Pak Inc. Manufacturing

VerdeGo LLC	003910

003947	051622-1

8408B	Replace 2 old cabinet lids with new hardware. 06/22
Standard Maintenance Contract 06/22	$

$	62.73

25,329.08	
VerdeGo LLC	003947	8408C	Standard Maintenance Contract #2 06/22	$	3,128.70	

Trout Creek Community Development District
Paid Operation & Maintenance Expenditures
June 1, 2022 Through June 30, 2022	

Vendor Name		
Check Number		
Invoice Number		
Invoice Description		
  Invoice Amount	
Vesta Property Services, Inc.	003926	399827	Lifeguard and Supervisor Hours 05/22	$	10,013.55	
Vexacor Supply Group, LLC	003927	A-395901	Coffee Bar and Cooler Rental 06/22	$	165.00	
Vexacor Supply Group, LLC	003948	A-439417	Cafe Supplies 06/22	$	17.22	

003923	SJSO22CAD126635	Deputy Patrol 06/22	$	240.00

Report Total	$	140,601.57

Tab 3

TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT

District Office · St. Augustine, Florida · (904) 436-6270
Mailing Address – 3434 Colwell Avenue, Suite 200, Tampa, Florida 33614

July 29, 2022

Rizzetta & Company, Inc.
Trout Creek, Custody Account Attn: Bill James
2806 N. Fifth Street, Unit 403 St. Augustine, FL 32084

RE:	Custody Account, Series 2020 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) VIA UPS

REQUISITION NO.	PAYEE	AMOUNT	
CUS 70	Prosser, Inc.	$11,586.32	
CUS 71	Vallencourt Construction Co., Inc.	$188,936.67	
CUS 72	Vallencourt Construction Co., Inc.	$143,590.64	
CUS 73	Vallencourt Construction Co., Inc.	$67,275.35	
CUS 74	Vallencourt Construction Co., Inc.	$186,824.32	

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

Carol Brown District Manager

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

Amount Payable: $11,586.32

Invoice(s) #48045 for Professional Services through April 30, 2022

Fund or Account and Subaccount, i f an y , 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 2020 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 2020 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 2020 Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for portion of the 2020 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: 	
DISTRICT ENGINEER

Name of Payee:	Vallencourt Construction Co., Inc.
449 Center Street
Green Cove Springs, FL 32043

Amount Payable: $188,936.67

Pay App 7943-12 for Shearwater Phase 3B & 3C

Fund or Account and Subaccount, i f an y , 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 2020 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 2020 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 2020 Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for portion of the 2020 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: 	
DISTRICT ENGINEER

Name of Payee:	Vallencourt Construction Co., Inc.
449 Center Street
Green Cove Springs, FL 32043

Amount Payable: $143,590.64

Pay App 8033-13 for Shearwater Phase 3B & 3C

Fund or Account and Subaccount, i f an y , 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 2020 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 2020 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 2020 Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for portion of the 2020 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: 	
DISTRICT ENGINEER

Name of Payee:	Vallencourt Construction Co., Inc.
449 Center Street
Green Cove Springs, FL 32043

Amount Payable: $67,275.35

Pay App #7938-5 for Shearwater Phase 3E, 3F & Spine Rd

Fund or Account and Subaccount, i f an y , 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 2020 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 2020 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 2020 Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for portion of the 2020 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: 	
DISTRICT ENGINEER

Name of Payee:	Vallencourt Construction Co., Inc.
449 Center Street
Green Cove Springs, FL 32043

Amount Payable: $186,824.32

Pay App #8035-6 for Shearwater Phase 3E, 3F & Spine Rd

Fund or Account and Subaccount, i f an y , 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 2020 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 2020 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 2020 Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for portion of the 2020 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: 	
DISTRICT ENGINEER

TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT

District Office · St. Augustine, Florida · (904) 436-6270
Mailing Address – 3434 Colwell Avenue, Suite 200, Tampa, Florida 33614

July 29, 2022

Rizzetta & Company, Inc.
Trout Creek, Custody Account Attn: Bill James
2806 N. Fifth Street, Unit 403 St. Augustine, FL 32084

RE:	Custody Account, Series 2020 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:
KUTAK ROCK VIA USPS
RANDY SUGGS AND VALLENCOURT VIA UPS

REQUISITION NO.	PAYEE	AMOUNT	
CUS 75	Kutak Rock, LLP	$352.00	
CUS 76	Randy Suggs Landscaping	$161,233.20	
CUS 77	Vallencourt Construction Co., Inc.	$175,745.49	
CUS 78	Vallencourt Construction Co., Inc.	$82,121.09 **	

Remaining balance of
$1,000.00 -
Will be Paid on next requisition **

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

Carol Brown District Manager

Name of Payee:	Kutak Rock LLP
PO Box 30057
Omaha, NE 30057

Amount Payable: $352.00

Inv #3068600 for Professional Services for Project Construction

Fund or Account and Subaccount, i f an y , 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 2020 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 2020 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 2020 Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for portion of the 2020 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: 	
DISTRICT ENGINEER

Name of Payee:	Randy Suggs Landscaping
3403 Rock Springs Rd Apopka, FL 32712

Amount Payable: $161,233.20

Pay Application #6 Phase 3 A1 for Landscape & Irrigation

Fund or Account and Subaccount, i f an y , 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 2020 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 2020 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 2020 Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for portion of the 2020 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: 	
DISTRICT ENGINEER

Name of Payee:	Vallencourt Construction Co., Inc.
449 Center Street
Green Cove Springs, FL 32043

Amount Payable: $175,745.49

Pay App #8103-14 for Shearwater Phase 3B & 3C

Fund or Account and Subaccount, i f an y , 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 2020 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 2020 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 2020 Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for portion of the 2020 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: 	
DISTRICT ENGINEER

Name of Payee:	Vallencourt Construction Co., Inc.
449 Center Street
Green Cove Springs, FL 32043

Amount Payable: $83,121.09

Pay App #8093-7 for Shearwater Phase 3E, 3F & Spine Rd

Fund or Account and Subaccount, i f an y , 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 2020 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 2020 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 2020 Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for portion of the 2020 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: 	
DISTRICT ENGINEER

TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT

District Office · St. Augustine, Florida · (904) 436-6270
Mailing Address – 3434 Colwell Avenue, Suite 200, Tampa, Florida 33614 www.troutcreekcdd.org

July 08, 2022

Thomas J. Radicioni
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
10161 Centurion Parkway
Jacksonville, FL 32256

RE:	Acquisition and Construction Account, Series 2022 Requisitions for Payment

Dear Thomas:

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) VIA WIRE

REQUISITION NO.	PAYEE	AMOUNT	
2	WFC Ashford Mills	$1,440,257.63	

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

Carol Brown District Manager

Tab 4

Inflows:	Debt Proceeds Underwriter's Discount

Interest Earned	

Total Bond Proceeds:

Total Inflows:	$

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

79,159.99
10,510,107.96	
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 06/30/22

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: Transfer to Revenue Total Outflows:		(10,505,099.68)
(175.87)
(10,505,275.56)	
Series 2018 Construction Fund Balance at June 30, 2022	$	4,832.40	

Inflows:	Developer Contribution	$	12,068,678.28		
	Due from Developer		-		
	Transfer from S2015 Custody		31,074.97		
		Total Inflows:	$	12,099,753.25		

Outflows:						
Requisition	Requisition				Status	
Date	Number	Contractor		Amount	as of 06/30/22	
09/30/19	CUS 52	O.R. Dicky Smith	$	(29,534.00)	Cleared	
09/30/19	CUS 53	Prosser Inc.		(26,878.18)	Cleared	
09/30/19	CUS 54	Ring Power		(151,800.00)	Cleared	
09/30/19	CUS 55	Sunstate Nursery & Landscaping Inc		(124,216.45)	Cleared	
09/30/19	CUS 56	Vallencourt Construction		(169,501.04)	Cleared	
09/30/19	CUS 57	Vallencourt Construction		(264,630.66)	Cleared	
09/30/19	CUS 58	Vallencourt Construction		(254,330.66)	Cleared	
09/30/19	CUS 59	Vallencourt Construction		(227,517.10)	Cleared	
09/30/19	CUS 60	Vallencourt Construction		(67,475.12)	Cleared	
11/30/19	CUS 61	Hopping Green & Sams		(5,070.00)	Cleared	
11/30/19	CUS 62	Prosser Inc.		(16,157.07)	Cleared	
11/30/19	CUS 63	Sundancer Sign Graphics		(37,340.00)	Cleared	
11/30/19	CUS 64	Sunstate Nursery & Landscaping Inc		(146,675.87)	Cleared	
11/30/19	CUS 65	Vallencourt Construction		(71,463.60)	Cleared	
11/30/19	CUS 66	Vallencourt Construction		(124,019.58)	Cleared	
11/30/19	CUS 67	Vallencourt Construction		(224,236.39)	Cleared	
11/30/19	CUS 68	Sunstate Nursery & Landscaping Inc		(162,993.40)	Cleared	
11/30/19	CUS 69	Vallencourt Construction		(88,559.77)	Cleared	
11/30/19	CUS 70	Vallencourt Construction		(371,089.05)	Cleared	
11/30/19	CUS 71	Vallencourt Construction		(166,568.74)	Cleared	
01/29/20	CUS 72	Prosser Inc.		(3,697.19)	Cleared	
01/29/20	CUS 73	Stephens Advertising, Inc.		(2,998.77)	Cleared	
01/29/20	CUS 74	Sunstate Nursery & Landscaping Inc		(138,825.10)	Cleared	
01/29/20	CUS 75	Vallencourt Construction		(181,721.86)	Cleared	
01/29/20	CUS 76	Vallencourt Construction		(99,838.17)	Cleared	
02/17/20	CUS 77	Prosser Inc.		(19,675.00)	Cleared	
02/17/20	CUS 78	Sunstate Nursery & Landscaping Inc		(87,421.91)	Cleared	
02/17/20	CUS 79	Vallencourt Construction		(171,723.52)	Cleared	
02/17/20	CUS 80	Vallencourt Construction		(485,700.20)	Cleared	
02/17/20	CUS 81	Vallencourt Construction		(229,796.11)	Cleared	
03/26/20	CUS 82	C&H Marine Construction		(62,240.00)	Cleared	
03/26/20	CUS 83	Prosser Inc.		(68,458.25)	Cleared	
03/26/20	CUS 84	Vallencourt Construction		(536,511.38)	Cleared	
03/26/20	CUS 85	Vallencourt Construction		(280,336.16)	Cleared	
04/30/20	CUS 86	Hopping Green & Sams		(11,526.24)	Cleared	
04/30/20	CUS 87	Prosser Inc.		(15,440.16)	Cleared	
04/30/20	CUS 88	Sunstate Nursery & Landscaping Inc		(45,000.00)	Cleared	
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)	Cleared	
12/31/20	CUS 107	Vallencourt Construction	(239,341.59)	Cleared	
08/26/20	CUS 108	Hopping Green & Sams	(2,645.50)	Cleared	
08/26/20	CUS 109	Prosser Inc.	(15,278.31)	Cleared	
08/26/20	CUS 110	Sundancer Sign Graphics	(14,665.00)	Cleared	
08/26/20	CUS 111	Sunstate Nursery & Landscaping Inc	(229,126.05)	Cleared	
09/30/20	CUS112	Adkins Electric, Inc.	(77,800.00)	Cleared	
09/30/20	CUS113	Prosser Inc.	(4,336.07)	Cleared	
09/30/20	CUS114	Sunstate Nursery & Landscaping Inc	(73,800.00)	Cleared	
09/30/20	CUS115	Sunstate Nursery & Landscaping Inc	(23,646.07)	Cleared	
09/30/20	CUS116	Vallencourt Construction	(14,691.43)	Cleared	
11/13/20	CUS117	O.R. Dicky Smith	(112,263.00)	Cleared	
11/13/20	CUS118	Prosser Inc.	(10,484.99)	Cleared	
12/08/20	CUS119	Vallencourt Construction	(221,166.68)	Cleared	
12/08/20	CUS120	Kompan	(12,791.09)	Cleared	
01/21/21	CUS121	Adkins Electric, Inc.	(5,600.00)	Cleared	
01/21/21	CUS122	Hopping Green & Sams	(10,122.59)	Cleared	
01/21/21	CUS123	O.R. Dicky Smith	(112,713.00)	Cleared	
01/21/21	CUS124	O.R. Dicky Smith	(123,155.00)	Cleared	
01/21/21	CUS125	Prosser Inc.	(4,803.54)	Cleared	
01/29/21	CUS126	Pizzazz Scenic	(5,886.90)	Cleared	
02/08/21	CUS127	Partridge Well Drilling	(2,875.00)	Cleared	
02/08/21	CUS128	Prestige Landscapes	(37,916.21)	Cleared	
02/18/21	CUS129	Extreme Bush Hogging	(3,701.50)	Cleared	
02/18/21	CUS130	Prosser Inc.	(3,612.60)	Cleared	
02/18/21	CUS131	Sunstate Nursery & Landscaping Inc	(90,728.48)	Cleared	
02/19/21	CUS132	Hardscape Construction, Inc	(34,500.00)	Cleared	
03/10/21	CUS133	O.R. Dicky Smith	(151,964.00)	Cleared	
03/22/21	CUS134	Hardscape Construction, Inc	(23,000.00)	Cleared	
03/22/21	CUS135	Hopping Green & Sams	(617.50)	Cleared	
03/22/21	CUS136	O.R. Dicky Smith	(149,306.00)	Cleared	
03/22/21	CUS137	Prestige Landscapes	(12,939.00)	Cleared	
03/29/21	CUS 138	Vallencourt Construction	(70,860.92)	Cleared	
03/29/21	CUS 139	Vallencourt Construction	(176,407.14)	Cleared	

04/15/21	CUS 140	VOID	VOID	VOID	
04/15/21	CUS141	Southern Recreation	(2,800.00)	Cleared	
04/22/21	CUS142	Adkins Electric, Inc.	(11,450.00)	Cleared	
04/22/21	CUS143	Hardscape Construction, Inc	(5,500.00)	Cleared	
04/22/21	CUS144	Hopping Green & Sams	(2,192.50)	Cleared	
04/22/21	CUS145	Kompan, Inc.	(25,316.41)	Cleared	
04/22/21	CUS146	Prosser Inc.	(9,187.44)	Cleared	
04/22/21	CUS147	Southern Recreation	(27,795.00)	Cleared	
04/22/21	CUS148	The Stripe Zone	(650.00)	Cleared	
05/26/21	CUS149	C&H Marine Construction	(62,100.00)	Cleared	
05/26/21	CUS150	Hopping Green & Sams	(632.50)	Cleared	
05/26/21	CUS151	O.R. Dicky Smith	(64,305.00)	Cleared	
05/26/21	CUS152	Prosser Inc.	0.00	Cleared	
05/26/21	CUS153	Southern Recreation	(1,009.00)	Cleared	
05/26/21	CUS154	Vallencourt Construction	(87,392.40)	Cleared	
05/26/21	CUS155	Vallencourt Construction	(12,218.79)	Cleared	
05/26/21	CUS156	Vallencourt Construction	(80,727.51)	Cleared	
06/25/21	CUS 157	Forever Lawn	(11,425.00)	Cleared	
06/25/21	CUS 158	PBM Constructors	(34,187.00)	Cleared	
07/31/21	CUS 159	Hopping Green & Sams	(825.00)	Cleared	
07/31/21	CUS 160	Prestige Landscapes	(151,276.21)	Cleared	
07/31/21	CUS 161	Sundancer Sign Graphics	(2,550.00)	Cleared	
07/31/21	CUS 162	O.R. Dicky Smith	(82,021.00)	Cleared	
07/31/21	CUS 163	Prosser Inc.	(18,286.26)	Cleared	
07/31/21	CUS 164	Vallencourt Construction	(206,033.99)	Cleared	
07/31/21	CUS 165	Vallencourt Construction	(58,841.94)	Cleared	
08/20/21	CUS 166	Forever Lawn	0.00	void	
08/20/21	CUS 167	Hardscape Construction, Inc	(14,000.00)	Cleared	
08/20/21	CUS 168	PBM Constructors	(109,484.00)	Cleared	
08/20/21	CUS 169	Prosser Inc.	(13,617.23)	Cleared	
08/20/21	CUS 170	Sunstate Nursery & Landscaping Inc	(5,137.05)	Cleared	
08/20/21	CUS 171	Vallencourt Construction	(232,010.57)	Cleared	
9/30/2021	CUS 172	C&H Marine Construction	(31,050.00)	Cleared	
9/30/2021	CUS 173	Prosser	(35,509.72)	Cleared	
9/30/2021	CUS 174	Vallencourt Construction	(27,725.15)	Cleared	
9/30/2021	CUS 175	Vallencourt Construction	(56,827.30)	Cleared	
9/30/2021	CUS 176	Vallencourt Construction	(15,624.52)	Cleared	
11/15/21	CUS 177	On-Sight	(3,492.50)	Cleared	
11/15/21	CUS 178	Pizzazz Scenic	(3,924.60)	Cleared	
11/15/21	CUS 179	Prosser Inc.	(14,882.51)	Cleared	
11/15/21	CUS 180	Vallencourt Construction	(22,234.02)	Cleared	
01/15/22	CUS 181	C&H Marine Construction	(54,310.00)	Cleared	
05/05/22	CUS 182	Forever Lawn	(14,388.30)	Cleared	
05/05/22	CUS 183	Forever Lawn	(14,388.30)	AP	
		Total Construction Requisitions:	(12,093,602.25)		
		
Total Requisitions:	
(12,093,602.25)		

Due To Developer Total Outflows:	(6,151.00)
(12,099,753.25)	
Series 2018 Construction Custody Fund Balance at June 30, 2022	$	-	

Outstanding Contracts, net of retainage:			
Prosser	$	9,600.00	
Vallencourt Construction, Inc.		42,473.23	
Forever Lawn		11,425.00	
Contract Sub Total		63,498.23	

Committed Funds to be Provided by Developer	
$	
58,665.83	

Inflows:	Developer Contribution
Due from Developer		$	7,935,486.78
758,753.10	
		
Total Inflows:	
$	
8,694,239.88	

Outflows:	
Requisitions					
Requisition Date	Requisition Number	

Contractor		

Amount	Status
As of 06/30/22	

11/13/2020	CUS 2	Besch & Smith	$	(323,668.12)	Cleared	
11/13/2020	CUS 3	Besch & Smith		(131,991.26)	Cleared	
1/29/2021	CUS 4	Besch & Smith		(245,868.29)	Cleared	
1/29/2021	CUS 5	Besch & Smith		(179,219.12)	Cleared	
2/18/2021	CUS 6	Besch & Smith		(355,313.37)	Cleared	
3/22/2021	CUS 7	Besch & Smith		(141,260.13)	Cleared	
4/22/2021	CUS 8	Besch & Smith		(247,214.38)	Cleared	
5/26/2021	CUS 9	Besch & Smith		(275,081.95)	Cleared	
5/26/2021	CUS 10	Prosser		(6,590.47)	Cleared	
5/26/2021	CUS 11	Vallencourt		(49,798.79)	Cleared	
7/31/2021	CUS 12	Besch & Smith		(400,572.28)	Cleared	
7/31/2021	CUS 13	Besch & Smith		(248,112.32)	Cleared	
7/31/2021	CUS 14	Vallencourt		(389,602.26)	Cleared	
8/20/2021	CUS 15	Besch & Smith		(38,011.26)	Cleared	
8/20/2021	CUS 16	Randy Suggs Landscaping		(201,830.13)	Cleared	
8/20/2021	CUS 17	Sundancer		(3,535.00)	Cleared	
9/30/2021	CUS 18	Adkins Electric		(27,800.00)	Cleared	
9/30/2021	CUS 19	Besch & Smith		(233,217.20)	Cleared	
9/30/2021	CUS 20	Besch & Smith		(368,602.41)	Cleared	
9/30/2021	CUS 21	Besch & Smith		(69,786.08)	Cleared	
9/30/2021	CUS 22	Southern Recreation		(2,839.00)	Cleared	
9/30/2021	CUS 23	Randy Suggs Landscaping		(57,747.65)	Cleared	
9/30/2021	CUS 24	Vallencourt		(180,284.37)	Cleared	
9/30/2021	CUS 25	Vallencourt		(176,957.69)	Cleared	
11/15/2021	CUS 26	Besch & Smith		(212,860.10)	Cleared	
11/30/2021	CUS 27	Vallencourt		(282,923.32)	Cleared	
11/30/2021	CUS 28	Adkins Electric		(122,228.48)	Cleared	
11/30/2021	CUS 29	Besch & Smith		(105,151.36)	Cleared	
11/30/2021	CUS 30	Hopping Green & Sams		(12,630.17)	Cleared	
11/30/2021	CUS 31	Prosser		(10,315.66)	Cleared	

11/30/2021	CUS 32	Randy Suggs Landscaping		(91,392.30)	Cleared	
11/30/2021	CUS 33	Vallencourt		(204,868.40)	Cleared	
11/30/2021	CUS 34	Vallencourt		(287,886.29)	Cleared	
1/15/2022	CUS 35	Extreme Bush Hogging Inc		(10,250.00)	Cleared	
1/15/2022	CUS 36	Hardscape Construction		(1,750.00)	Cleared	
1/15/2022	CUS 37	Hopping Green & Sams		(357.50)	Cleared	
1/15/2022	CUS 38	Prosser		(14,319.66)	Cleared	
1/15/2022	CUS 39	Rizzetta & Co		(5,000.00)	Cleared	
1/15/2022	CUS 40	Southern Recreation		(5,784.00)	Cleared	
1/15/2022	CUS 41	Stephens Advertising		(200.00)	Cleared	
1/15/2022	CUS 42	Vallencourt		(98,825.87)	Cleared	
1/15/2022	CUS 43	Vallencourt		(166,065.07)	Cleared	
1/15/2022	CUS 44	Vallencourt		(202,168.76)	Cleared	
1/31/2022	CUS 45	Besch & Smith		(298,577.31)	Cleared	
1/31/2022	CUS 46	Extreme Bush Hogging Inc		(2,365.00)	Cleared	
2/23/2022	CUS 47	On-Sight Industries		(3,492.50)	Cleared	
2/23/2022	CUS 48	Prosser		(14,684.88)	Cleared	
2/23/2022	CUS 49	Suugs Landscaping		(199,365.30)	Cleared	
2/23/2022	CUS 50	Stephens Advertising		(175.00)	Cleared	
2/23/2022	CUS 51	Vallencourt		(6,023.81)	Cleared	
2/23/2022	CUS 52	VerdeGo Landscape		(387.22)	Cleared	
2/23/2022	CUS 53	Besch & Smith		(289,552.40)	Cleared	
3/9/2022	CUS 54	Besch & Smith		(11,897.34)	Cleared	
3/9/2022	CUS 55	Hardscape Construction		(31,000.00)	Cleared	
3/9/2022	CUS 56	Kutak Rock LLP		(64.00)	Cleared	
3/9/2022	CUS 57	Prosser		(14,058.06)	Cleared	
3/9/2022	CUS 58	Randy Suggs Landscaping		(79,041.38)	Cleared	
3/9/2022	CUS 59	Vallencourt		(135,743.76)	Cleared	
3/9/2022	CUS 60	Vallencourt		(202,748.81)	Cleared	
3/31/2022	CUS 61	Adkins Electric		(32,121.52)	Cleared	
3/31/2022	CUS 62	Prosser		(26,138.89)	Cleared	
3/31/2022	CUS 63	Sundancer		(57,370.00)	Cleared	
4/21/2022	CUS 64	Randy Suggs Landscaping		(27,055.50)	Cleared	
4/21/2022	CUS 65	Vallencourt		(75,953.60)	Cleared	
4/21/2022	CUS 66	Vallencourt		(154,798.61)	Cleared	
6/13/2022	CUS 67	Kutak Rock LLP		(1,099.00)	Cleared	
6/13/2022	CUS 68	Prosser		(11,961.67)	Cleared	
6/13/2022	CUS 69	Randy Suggs Landscaping		(69,930.75)	Cleared	
			Total Requisitions:	(7,935,486.78)		

Total Requisitions:		(7,935,486.78)	
Retainage:		(758,753.10)	
Total Outflows:		(8,694,239.88)	
Series 2020 Construction Fund Balance at June 30, 2022	$	0.00	

Outstanding Contracts, net of retainage:			
Besch & Smith Civil Group	$	11,753.35	
Vallencourt		3,759,988.02	
Contract Sub Total		3,771,741.38	

Committed Funds to be Provided by Developer $	
3,771,741.38	

TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT
Capital Improvement Revenue Bonds - Series 2022

Construction & COI Account Activity Through June 30, 2022

Inflows:	Debt Proceeds		$	2,726,781.18		
	Underwriter's Discount		61,700.00		
		Total Bond Proceeds:		2,788,481.18		
	
Interest Earned			
168.31		
		Total Inflows:	$	2,788,649.49		

Outflows:	
Requisitions					
Requisition	Requisition				Status	
Date	Number	Contractor		Amount	As of 06/30/22	

5/24/2022	
COI	
Underwriter's Discount	
$	
(61,700.00)	
Cleared	
5/24/2022	COI	Rizzetta & Company		(35,000.00)	Cleared	
5/24/2022	COI	Rizzetta & Company		(1,000.00)	Cleared	
5/24/2022	COI	Kutak Rock		(40,000.00)	Cleared	
5/24/2022	COI	Bryant Miller Olive		(35,000.00)	Cleared	
5/24/2022	COI	Nabors, Giblin & Nickerson		(40,000.00)	Cleared	
5/24/2022	COI	Imagemaster		(2,000.00)	Cleared	
5/24/2022	COI	BNY Mellon		(9,000.00)	Cleared	
5/24/2022	COI	Prosser		(10,000.00)	Cleared	
		
Total COI:		
(233,700.00)		
5/26/2022	CR 1	Ashford Mills		(1,110,023.55)	Cleared	
5/26/2022	CR 2	Ashford Mills		(1,440,257.63)	AP	
		Total Requisitions:		(2,550,281.18)		

Total COI & Requisitions:	(2,783,981.18)	
Total Outflows:	(2,783,981.18)	
Series 2020 Construction Fund Balance at June 30, 2022	$	4,668.31	

Tab 5

Financial Statements
September 30, 2021

Trout Creek Community Development District

Trout Creek Community Development District
Table of Contents

		Page	
I.	Financial Section:		
	Independent Auditor's Report	1	
	Management's Discussion and Analysis	3	
	Financial Statements:		
	Government-Wide Financial Statements:		
	Statement of Net Position	7	
	Statement of Activities	8	
	Fund Financial Statements:		
	Balance Sheet - Governmental Funds	9	
	Statement of Revenues, Expenditures and Changes in Fund Balances -		
	Governmental Funds	10	
	Reconciliation of the Statement of Revenues, Expenditures and		
	Changes in Fund Balances of Governmental Funds		
	to the Statement of Activities	11	
	Statement of Revenues, Expenditures and Changes in Fund Balance -		
	Budget and Actual - General Fund	12	
	Notes to Financial Statements	13	
II.	Compliance Section:		
	Independent Auditor's Report on Internal Control over Financial Reporting and on		
	Compliance and Other Matters Based on an Audit of Financial Statements		
	Performed in Accordance with Government Auditing Standards	23	
	Management Letter	24	
	Independent Auditor's Report on Compliance with the Requirements of		
	Section 218.415, Florida Statutes	26	

INDEPENDENT AUDITOR'S REPORT

934 North Magnolia Avenue, Suite 100
Orlando, Florida 32803 Tel. 407‐843‐5406
www.mcdirmitdavis.com

To the Board of Supervisors
Trout Creek Community Development District

Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities and each major fund of Trout Creek Community Development District, as of and for the year ended September 30, 2021, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.

Management’s Responsibility for the Financial Statements
The District's management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting principles used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, and each major fund of the District as of September 30, 2021, and the respective changes in financial position thereof and the respective budgetary comparison for the General Fund for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis starting on page 3, be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

the trusted partner

Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued a report dated June 27, 2022, on our consideration of the District’s internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts, agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

Orlando, Florida June 27, 2022

Our discussion and analysis of Trout Creek Community Development District, (the “District”) financial accomplishments provide an overview of the District’s financial activities for the year ended September 30, 2021. Please read it in conjunction with the District’s Independent Auditor’s Report, financial statements and accompanying notes.

This information is being presented to provide additional information regarding the activities of the District and to meet the disclosure requirements of Government Accounting Standards Board Statement (GASB) No. 34, Basic Financial Statements - and Management’s Discussion and Analysis - for State and Local Governments issued June 1999.

Financial Highlights
The assets of the District exceeded its liabilities at September 30, 2021 by $17,359,890 an increase of $3,662,129 in comparison with the prior year.
At September 30, 2021, the District’s governmental funds reported fund balances of $3,830,029 an increase of $446,255 in comparison with the prior year.

Overview of the Financial Statements
This discussion and analysis is intended to serve as an introduction to Trout Creek Community Development District’s financial statements. The District’s financial statements are comprised of three components: 1) government-wide financial statements, 2) fund financial statements and 3) notes to financial statements.

Government-Wide Financial Statements
The government-wide financial statements are designed to provide readers with a broad overview of the District’s finances, in a manner similar to a private-sector business.

The statement of net position presents information on all of the District’s assets, liabilities, and deferred inflows/outflows with the difference reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

The statement of activities presents information showing how the government’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will result in cash flows in future fiscal periods.

The government-wide financial statements include all governmental activities that are principally supported by special assessment revenues. The District does not have any business-type activities. The governmental activities of the District include general government, maintenance and operations, and culture and recreation related functions.

Fund Financial Statements
A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The District has one fund category: Governmental Funds.

Governmental Funds
Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District’s near-term financing requirements.

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the government’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

The District maintains three individual governmental funds. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures and changes in fund balances for the general fund, debt service fund and capital projects fund, all of which are considered to be major funds.

The District adopts an annual appropriated budget for its general fund. A budgetary comparison schedule has been provided for the general fund to demonstrate compliance with the budget.

Notes to Financial Statements
The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements.

Government-Wide Financial Analysis
Statement of Net Position
The District’s net position was $17,359,890 at September 30, 2021. The analysis that follows focuses on the net position of the
District’s governmental activities.			
	2021	2020	
Assets, excluding capital assets	$	5,713,948	$	4,976,860	
Capital assets, not being depreciated	48,529,691	41,800,186	
Total assets	54,243,639	46,777,046	
Liabilities, excluding long-term liabilities	2,641,157	2,297,074	
Long-term liabilities	34,242,592	30,782,211	
Total liabilities	36,883,749	33,079,285	
Net Position:			
Net investment in capital assets	16,780,459	13,297,105	
Restricted for debt service	399,611	395,825	
Restricted for capital projects	19,934	4,831	
Unrestricted	159,886	-	
Total net position	$	17,359,890	$	13,697,761	

The following is a summary of the District’s governmental activities for the fiscal year ended September 30, 2021.

	2021		2020	
Revenues:
Program revenues	
$	10,924,956		
14,691,951	
General revenues	52,667		14,792	
Total revenues	10,977,623		14,706,743	
Expenses:
General government	
365,858		
131,221	
Maintenance and operations	4,623,545		982,880	
Culture and recreation	486,118		435,164	
Interest on long-term debt	1,839,973		1,720,779	
Total expenses	7,315,494		3,270,044	

Change in net position	
3,662,129		
11,436,699	
Net position, beginning	13,697,761		2,261,062	
Net position, ending	$	17,359,890		$	13,697,761	

As noted above and in the statement of activities, the cost of all governmental activities during the year ended September 30, 2021 was $7,315,494. The majority of these costs are interest on long-term debt and maintenance and operations expenses.

Financial Analysis of the Government’s Funds
The District uses fund accounting to ensure and demonstrate compliance with finance related legal requirements. The focus of the District’s governmental funds is to provide information on near-term inflows, outflows and balances of spendable resources. Such information is useful in assessing the District’s financing requirements. In particular, unassigned fund balance may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year. At September 30, 2021, the District’s governmental funds reported combined ending fund balances of $3,830,029. Of this total, $17,448 is nonspendable, $3,670,143 is restricted, and the remainder of $142,438 is unassigned.

General Fund Budgetary Highlights
An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget to actual comparison for the general fund, including the original budget and final adopted budget, is shown on page 12. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control is at the fund level.

Capital Asset and Debt Administration
Capital Assets
At September 30, 2021, the District had $48,529,691 invested in capital assets net of depreciation. More detailed information about the District’s capital assets is presented in the notes to financial statements.

Capital Debt
At September 30, 2021, the District had $34,470,000 in bonds outstanding. In addition, the District has a capital lease payable of
$9,498. More detailed information about the District’s capital debt is presented in the notes to financial statements.

Requests for Information
If you have questions about this report or need additional financial information, contact Trout Creek Community Development District’s
Finance Department at 3434 Colwell Ave, Suite 200, Tampa, Florida 33614.

FINANCIAL STATEMENTS

Statement of Net Position
September 30, 2021

		Governmental	
		Activities	
Assets			
Cash	$	269,359	
Due from developer		1,787,373	
Assessments receivable		1,944	
Other receivables		19,940	
Prepaid costs		11,699	
Deposits		5,749	
Restricted assets:			
Temporarily restricted investments		3,617,884	
Capital assets:			
Capital assets not being depreciated		45,043,625	
Capital assets, being depreciated		3,486,066	
Total assets		54,243,639	

Liabilities			
Accounts payable and accrued expenses		1,392,760	
Accrued interest payable		757,238	
Retainage payable		483,673	
Due to developer		4,439	
Unearned revenue		3,047	
Noncurrent liabilities:			
Due within one year	545,000	
Due in more than one year		33,697,592 	
Total liabilities		36,883,749	
Net Position			
Net investment in capital assets		16,780,459	
Restricted for debt service		399,611	
Restricted for capital projects		19,934	
Unrestricted		159,886	
Total net position	$	17,359,890	

Statement of Activities
Year Ended September 30, 2021

Program Revenue	Net (Expense) Revenue and Changes in Net
Position	

Functions/Programs		

Expenses	
Charges for Services	Operating
Grants and Contributions	Capital Grants
and Contributions	
Governmental
Activities	
Governmental activities: General government Maintenance and operations Parks and recreation
Interest on long-term debt	
$	
365,858
4,623,545
486,118
1,839,973	
$	102,853
1,299,811
136,662
2,348,495	
$	
- 159,064
-
295	
$	
- 6,877,775
-
1	
$	
(263,005)
3,713,105
(349,456)
508,818	
Total governmental activities	$	7,315,494	$	3,887,821	$	159,359	$	6,877,776		3,609,462	
			General Revenues Miscellaneous						
52,667	
			Total general revenues				52,667	
			Change in net position				3,662,129	
			Net position, beginning					13,697,761	
			Net position, ending				$	17,359,890	

:

Balance Sheet - Governmental Funds
September 30, 2021

Assets	

General		

Debt Service		
Capital Projects		Total Governmental
Funds	
Cash	$	265,929		$	-		$	3,430		$	269,359	
Investments	-		3,597,900		19,984		3,617,884	
Due from developer	-		-		1,787,373		1,787,373	
Assessments receivable	1,022		922		-		1,944	
Other receivables	19,940		-		-		19,940	
Due from other funds	-		55,732		7,103		62,835	
Prepaid costs	11,699		-		-		11,699	
Deposits		5,749 			- 			- 			5,749 	
Total assets	$	304,339		$	3,654,554		$	1,817,890		$	5,776,783	
Liabilities and Fund Balances
Liabilities:
Accounts payable and accrued expenses	

$	77,179		

$	1,298		

$	1,314,283		

$	1,392,760	
Retainage payable	-		-		483,673		483,673	
Due to other funds	62,835		-		-		62,835	
Due to developer	4,439		-		-		4,439	
Unearned revenue		- 			3,047 			- 			3,047 	
Total liabilities		144,453 			4,345 			1,797,956 			1,946,754 	
Fund balances: Nonspendable	
17,448		
-		
-		
17,448	
Restricted for debt service	-		3,650,209		-		3,650,209	
Restricted for capital projects	-		-		19,934		19,934	
Unassigned	142,438		-		-		142,438	
Total fund balances		159,886 			3,650,209 			19,934 			3,830,029 	
Total liabilities and fund balances	$	304,339		$	3,654,554		$	1,817,890			

Amounts reported for Governmental Activities in the Statement of Net Position are different because:		
Capital Assets used in Governmental Activities are not financial resources and therefore are not reported		
in the funds.	48,529,691	
Long-term liabilities are not due and payable in the current period and therefore are not reported in the		
funds.		
Accrued interest payable	(757,238)
Bonds and capital leases payable	(34,242,592)	
(34,999,830)	

Net Position of Governmental Activities	$	17,359,890	

Statement of Revenues, Expenditures and Changes in Fund Balances Governmental Funds
Year Ended September 30, 2021

									Total	
							Capital		Governmental	
		General		Debt Service			Projects		Funds	
Revenues										
Assessment revenue	$	1,539,326		$	2,235,379		$	-		$	3,774,705	
Prepayment revenue		-		113,116			-		113,116	
Developer contributions		39,014		-			6,877,775		6,916,789	
HOA contribution		120,050		-			-		120,050	
Investment and miscellaneous income		52,667		295			1		52,963	
Total revenues		1,751,057		2,348,790			6,877,776		10,977,623	

Expenditures										
Current:										
General government		120,158		-			245,700		365,858	
Maintenance and operations		999,389		-			-		999,389	
Parks and recreation		461,954		-			-		461,954	
Other costs							3,500,000		3,500,000	
Debt Service:										
Interest		172		1,776,941			-		1,777,113	
Principal		9,498		710,000			-		719,498	
Capital outlay		-		-			6,877,825		6,877,825	
Total expenditures		1,591,171		2,486,941			10,623,525		14,701,637	

Excess (Deficit) of Revenues Over Expenditures		

159,886		

(138,151)			

(3,745,749)		

(3,724,014)	

Other Financing Sources (Uses)										
Bonds issued		-		409,417			3,775,583		4,185,000	
Discount on bonds issued		-		-			(14,731)		(14,731)	
Total other financing sources (uses)		-		409,417			3,760,852		4,170,269	

Net change in fund balances		
159,886		
271,266			
15,103		
446,255	
Fund balances, beginning of year		-		3,378,943			4,831		3,383,774	
Fund balances, end of year	$	159,886		$	3,650,209		$	19,934		$	3,830,029	

Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities
Year Ended September 30, 2021

Amounts reported for Governmental Activities in the Statement of Activities are different because:				
Net Change in Fund Balances - total governmental funds		$	446,255	
Governmental Funds report outlays for Capital Assets as expenditures because such outlays use current financial resources; however, in the statement of net position the cost of those assets is recorded as capital assets. Depreciation of capital assets is not recognized in the governmental fund statements but is reported as an expense in the statement of activities.				
Capital outlay	6,877,825
Depreciation expense	(148,320)			
6,729,505	

Repayments of long-term liabilities are reported as expenditures in governmental funds,					
while repayments reduce long-term liabilities in the statement of net position.					
Repayment of bonds and capital lease payable	719,498				
Debt proceeds	(4,185,000)				
Debt proceeds	14,731			(3,450,771)	

Some expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds.	

(53,250)
(9,610)				
Change in accrued interest Amortization of bond discount				
(62,860)	
Change in Net Position of Governmental Activities			$	3,662,129	

Statement of Revenues, Expenditures and Changes in Fund Balance Budget and Actual - General Fund
Year Ended September 30, 2021

Variance with	
Final Budget
Positive	
		Budgeted Amounts		Actual Amounts			(Negative)	
		Original		Final						
Revenues								
Assessment revenue Developer contributions HOA contribution Miscellaneous	$	1,531,633	$	1,531,633
30,000	30,000
109,550	109,550
59,167	59,167		$	1,539,326
39,014
120,050
52,667		$	7,693
9,014
10,500
(6,500)	
Total revenues		1,730,350		1,730,350		1,751,057			20,707	
Expenditures
Current:										
General government Maintenance and operations Parks and recreation
Capital Outlay
Debt Service:		123,029
1,052,206
545,115
10,000		123,029
1,052,206
545,115
10,000		120,158
999,389
461,954
-			2,871
52,817
83,161
10,000	
Principal
Interest and other charges		-
-		-
-		9,498
172			(9,498)
(172)	
Total expenditures		1,730,350		1,730,350		1,591,171			139,179	
Net change in fund balance		-		-		159,886			159,886	
Fund balance, beginning		-		-		-			-	
Fund balance, ending	$	-		$	-		$	159,886		$	159,886	

NOTES TO FINANCIAL STATEMENTS

NOTE 1	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Reporting Entity
Trout Creek Community Development District, (the “District”) was established on October 21, 2014 by St. Johns County Ordinance 2014-44 pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. The Act provides, among other things, the power to manage basic services for community development, the power to borrow money and issue bonds, and the power to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure. The District was established for the purpose of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District.

The District is governed by the Board of Supervisors (the “Board”), which is composed of five members. The Supervisors are elected on an at large basis by landowners within the District. Ownership of land within the District entitles the owner to one vote per acre, or lot. The Board of Supervisors of the District exercises all powers granted to the District pursuant to Chapter 190, Florida Statutes. At September 30, 2021 two of the Board members were affiliated with WFC Ashford Mill, LLC (the “Developer”). The District is economically dependent on the Developer.

The Board has final responsibility for:

Allocating and levying assessments.
Approving budgets.
Exercising control over facilities and properties.
Controlling the use of funds generated by the District.
Approving the hiring and firing of key personnel.
Financing improvements.

The financial statements were prepared in accordance with Governmental Accounting Standards Board (“GASB”) Statements 14, 39, and 61. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District Board of Supervisors is considered to be financially accountable, and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.

Government-Wide and Fund Financial Statements
The financial statements include both government-wide and fund financial statements.

The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.

The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment, 2) grants, contributions and investment earnings that are restricted to meeting the operational or capital requirements of a particular function or segment and 3) operating-type special assessments that are treated as charges for services (including assessments for maintenance and debt service). Other items not included among program revenues are reported instead as general revenues.

Measurement Focus, Basis of Accounting and Financial Statement Presentation
The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Assessments are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenues as soon as all eligibility requirements imposed by the provider have been met.

NOTE 1	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the District considers revenues to be available if they are collected within 60 days of the end of the current fiscal period, except for Developer receivables for retainage, which are collected from the Developer when the amount is due to the contractor. Expenditures are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due.

Assessments, including debt service assessments and operation and maintenance assessments, are non-ad valorem assessments imposed on all lands located within the District and benefited by the District’s activities. Operation and maintenance special assessments are levied by the District prior to the start of the fiscal year which begins October 1st and ends on September 30th. These assessments are imposed upon all benefited lands located in the District. Debt service special assessments are imposed upon certain lots and lands as described in each resolution imposing the special assessment for each series of bonds issued by the District. Certain debt service assessments are collected upon the closing of those lots subject to short term debt and are used to prepay a portion of the bonds outstanding.

Assessments and interest associated with the current fiscal period are all considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. Only the portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period. All other revenue items are considered to be measurable and available only when cash is received by the District.

The District reports the following major governmental funds:

General Fund
Is the District’s primary operating fund. It is used to account for and report all financial resources not accounted for and reported in another fund.

Debt Service Fund
Accounts for the accumulation of resources for the annual payment of principal and interest on long-term debt.

Capital Project Fund
Accounts for the financial resources to be used for the acquisition or construction of major infrastructure within the District.

As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements. When both restricted and unrestricted resources are available for use, it is the District’s policy to use restricted resources first, then unrestricted resources as they are needed.

Assets, Liabilities, Deferred Outflows/Inflows of Resources and Net Position/Fund Balance
Restricted Assets
These assets represent cash and investments set aside pursuant to bond covenants.

Deposits and Investments
The District’s cash and cash equivalents are considered to be cash on hand and demand deposits.

Investments of the District are reported at fair value and are categorized within the fair value hierarchy established in accordance with GASB Statement No. 72, Fair Value Measurement and Application. The District’s investments consist of investments authorized in accordance with Section 218.415, Florida Statutes.

Accounts Receivable
Accounts receivable are reported net of an allowance for doubtful accounts.

NOTE 1	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Prepaid Items
Prepaid items are recorded as expenditures when consumed rather than when purchased in both government-wide and fund financial statements.

Capital Assets
Capital assets, which include property, plant, equipment and infrastructure assets (e.g., roads, sidewalks and similar items), are reported in the applicable governmental activities column in the government-wide financial statements. Capital assets are defined by the District as assets with an initial, individual cost of more than $5,000 and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.

Capital assets of the District are depreciated using the straight-line method over the following estimated useful lives:

Assets		Years	
Infrastructure		25	
Fitness Equipment		5	

Long Term Obligations
In the government-wide financial statements, long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized over the life of the bonds using the straight-line method. Bond issuance costs are reported as expenses. Bonds payable are reported net of premiums or discounts.

In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as expenditures.

Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then. The District does not have any item that qualifies for reporting in this category for the year ended September 30, 2021.

In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. The District does not have any item that qualifies for reporting in this category for the year ended September 30, 2021.

Net Position Flow Assumption
Sometimes the District will fund outlays for a particular purpose from both restricted and unrestricted resources. In order to calculate the amounts to report as restricted net position and unrestricted net position in the government-wide financial statements, a flow assumption must be made about the order in which the resources are considered to be applied. It is the District’s policy to consider restricted net position to have been depleted before unrestricted net position is applied.

NOTE 1	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Fund Balance Flow Assumptions
Sometimes the District will fund outlays for a particular purpose from both restricted and unrestricted resources (total of committed, assigned, and unassigned fund balance). In order to calculate the amounts to report as restricted, committed, assigned, and unassigned fund balance in the governmental fund financial statements a flow assumption must be made about the order in which the resources are considered to be applied. It is the District’s policy to consider restricted fund balance to have been depleted before using any of the components of unrestricted fund balance. Further, when the components of unrestricted fund balance can be used for the same purpose, committed fund balance is depleted first, followed by assigned fund balance. Unassigned fund balance is applied last.

Fund Balance Policies
Fund balance of governmental funds is reported in various categories based on the nature of any limitations requiring the use of resources for specific purposes. The District itself can establish limitations on the use of resources through either commitment (committed fund balance) or an assignment (assigned fund balance).

The committed fund balance classification includes fund balance amounts that can be used only for the specific purposes determined by a formal action of the government’s highest level of decision-making authority. The Board of Supervisors is the highest level of decision-making authority for the government that can, by adoption of an ordinance or resolution prior to the end of the fiscal year, commit fund balance. Once adopted, the limitation imposed by the ordinance or resolution remains in place until a similar action is taken to remove or revise the limitation.

Amounts in the assigned fund balance classification are intended to be used by the government for specific purposes but do not meet the criteria to be classified as committed. The Board of Supervisors has authorized the District Manager to assign amounts for specific purposes. The Board of Supervisors may also assign fund balance as it does when appropriating fund balance to cover a gap between estimated revenue and appropriations in the subsequent year’s appropriated budget. Unlike commitments, assignments generally only exist temporarily. In other words, an additional action does not normally have to be taken for the removal of an assignment. Conversely, as discussed above, an additional action is essential to either remove or revise a commitment.

Other Disclosures
Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates.

New Accounting Standards
In fiscal year 2021, the District has not implemented any new accounting standards with a material effect on the District’s financial statements.

NOTE 2	STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY

Budgetary Information
The District is required to establish a budgetary system and an approved annual budget for the General Fund. Annual budgets are adopted on a basis consistent with accounting principles generally accepted in the United States of America. All annual appropriations lapse at the fiscal year end. The legal level of budgetary control is at the fund level. Any budget amendments that increase the aggregate budgeted appropriations, at the fund level, must be approved by the Board of Supervisors.

The District follows these procedures in establishing the budgetary data reflected in the financial statements.

Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
A public hearing is conducted to obtain comments.
Prior to October 1, the budget is legally adopted by the District Board.
All budget changes must be approved by the District Board.
The budgets are adopted on a basis consistent with accounting principles generally accepted in the United States of America.

NOTE 3	DEPOSITS AND INVESTMENTS

Deposits
The District’s cash balances were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, “Florida Security for Public Deposits Act”, requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate bonds) to public deposits is dependent upon the depository’s financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses.

Investments
The District categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The fair value is the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. The District uses a market approach in measuring fair value that uses prices and other relevant information generated by market transactions involving identical or similar assets, liabilities, or groups of assets and liabilities.

Assets or liabilities are classified into one of three levels. Level 1 is the most reliable and is based on quoted price for identical assets, or liabilities, in an active market. Level 2 uses significant other observable inputs when obtaining quoted prices for identical or similar assets, or liabilities, in markets that are not active. Level 3 is the least reliable, and uses significant unobservable inputs that use the best information available under the circumstances, which includes the District’s own data in measuring unobservable inputs.

Instead of establishing a written investment policy, the District elected to limit investments to those approved by Florida Statutes and the District Trust Indenture. Authorized District investments include, but are not limited to:

The Local Government Surplus Funds Trust Fund (SBA);
Securities and Exchange Commission Registered Money Market Funds with the highest credit quality rating from a nationally recognized rating agency;
Interest-bearing time deposits or savings accounts in qualified public depositories;
Direct obligations of the U.S. Treasury.

NOTE 3	DEPOSITS AND INVESTMENTS (CONTINUED)

Investments made by the District at September 30, 2021 are summarized below. In accordance with GASB 31, investments are
reported at fair value.	

Investment Type
Dreyfus Treasury Securities BNY Mellon money market	

$	

Fair Value
3,283,163
334,721	

Credit Rating
AAAm
N/A	
Weighted Average Maturity

49 days N/A	
$	3,617,884

Credit Risk
For investments, credit risk is generally the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. Investments in U.S. Government securities and agencies must be backed by the full faith and credit of the United States Government. Short term bond funds shall be rated by a nationally recognized ratings agency and shall maintain the highest credit quality rating. Investment ratings by investment type are included in the preceding summary of investments.

Custodial Credit Risk
In the case of deposits, this is the risk that, in the event of a bank failure, the District’s deposits may not be returned to it. The District’s investment policy requires that bank deposits be secured as provided by Chapter 280, Florida Statutes. This law requires local governments to deposit funds only in financial institutions designated as qualified public depositories by the Chief Financial Officer of the State of Florida, and creates the Public Deposits Trust Fund, a multiple financial institution pool with the ability to assess its member financial institutions for collateral shortfalls if a default or insolvency has occurred. At September 30, 2021, all of the District’s bank deposits were in qualified public depositories.

For an investment, this is the risk that, in the event of the failure of the counterparty, the government will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. At September 30, 2021, none of the investments listed are exposed to custodial credit risk because their existence is not evidenced by securities that exist in physical or book entry form.

Concentration of Credit Risk
The District places no limit on the amount the District may invest in any one issuer.

Interest Rate Risk
The District does not have a formal policy that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates. The District manages its exposure to declines in fair values by investing primarily in pooled investments that have a weighted average maturity of less than three months.

NOTE 4	CAPITAL ASSETS

Capital asset activity for the year ended September 30, 2021 was as follows:

Beginning			Ending	
Balance	Additions	Disposals	Balance	
Governmental Activities
Capital assets not being depreciated:
Improvements under construction	 $  38,165,800   $	6,877,825   $	-   $  45,043,625 

Total capital assets not being depreciated	38,165,800		6,877,825		-		45,043,625	
Capital assets being depreciated: Infrastructure	
3,724,691		
-		
-		
3,724,691	
Fitness equipment	159,176		-		-		159,176	
Total capital assets being depreciated		3,883,867  	-  	-  	3,883,867 

Less accumulated depreciation for:		
Infrastructure	(116,772)	(124,156)	-	(240,928)	
Fitness equipment	(132,709)	(24,164)	-	(156,873)	
Total accumulated depreciation		(249,481)			(148,320)		 
	-  	(397,801)	

Total capital assets being depreciated, net	
	3,634,386 	
	(148,320)	
	-  	3,486,066 	
Governmental activities capital assets, net	 $  41,800,186 	 $	6,729,505 	 $	-   $  48,529,691 	

Depreciation expense of $24,164 was charged to culture and recreation and $124,156 maintenance operations for 2021.

NOTE 5	LONG-TERM LIABILITIES

Series 2015 Capital Improvement Revenue Bonds - Public Offering
In February 2015, the District issued $21,215,000 of Capital Improvement Revenue Bonds, Series 2015. The Bonds consist of
$3,770,000 Term Bonds due May 1, 2025 with a fixed interest rate of 4.875%, $6,355,000 Term Bonds due May 1, 2035 with a fixed interest rate of 5.50% and $11,090,000 Term Bonds due May 1, 2045 with a fixed interest rate of 5.625%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the property within the District. Interest is paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing May 1, 2016 through May 1, 2045.

The Series 2015 Bonds are subject to redemption at the option of the District prior to maturity at a redemption price as set forth in the Bond Indenture. The Bonds are subject to extraordinary mandatory redemption prior to maturity in the manner determined by the Bond Indenture.

The Bond Indenture requires that the District maintain adequate funds in a reserve account to meet the debt service reserve requirements as defined in the Indenture. The requirement has been met at September 30, 2021.

The Bond Indenture has certain restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agreed to levy special assessments in annual amounts adequate to provide payment of debt service. Payment of principal and interest on the 2015 Bonds is secured by a pledge of and a first lien upon the pledged special assessment revenue. The District is in compliance with the requirements of the Bond Indenture.

NOTE 5	LONG-TERM LIABILITIES (CONTINUED)

As of September 30, 2021, total principal and interest remaining on the Series 2015 Special Assessment Bonds was $34,531,375. For the fiscal year ended September 30, 2021, principal and interest paid was $1,577,012, special assessment revenue pledged was
$1,533,041.

Series 2018 Capital Improvement Revenue Bonds - Public Offering
In July 2018, the District issued $12,100,000 of Capital Improvement Revenue Bonds, Series 2018. The Bonds consist of $745,000 Term Bonds due May 1, 2023 with a fixed interest rate of 4.5%, $1,155,000 Term Bonds due May 1, 2028 with a fixed interest rate of 5.0%, $3,455,000 Term Bonds due May 1, 2038 with a fixed interest rate of 5.375% and $6,745,000 Term Bonds due May 1, 2049 with a fixed interest rate of 5.50%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the property within the District. Interest is paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing May 1, 2020 through May 1, 2049.

The Series 2018 Bonds are subject to redemption at the option of the District prior to maturity at a redemption price as set forth in the Bond Indenture. The Bonds are subject to extraordinary mandatory redemption prior to maturity in the manner determined by the Bond Indenture.

The Bond Indenture requires that the District maintain adequate funds in a reserve account to meet the debt service reserve requirements as defined in the Indenture. The requirement has been met at September 30, 2021.

The Bond Indenture has certain restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agreed to levy special assessments in annual amounts adequate to provide payment of debt service. Payment of principal and interest on the 2018 Bonds is secured by a pledge of and a first lien upon the pledged special assessment revenue. The District is in compliance with the requirements of the Bond Indenture.

As of September 30, 2021, total principal and interest remaining on the Series 2018 Special Assessment Bonds was $23,203,269. For the fiscal year ended September 30, 2021, principal and interest paid was $820,081. Special assessment revenue of $815,454 was pledged.

Series 2020 Capital Improvement Revenue Bonds - Public Offering
In October 2020, the District issued $4,185,000 of Capital Improvement Revenue Bonds, Series 2020. The Bonds consist of
$330,000 Term Bonds due May 1, 2025 with a fixed interest rate of 2.625%, $470,000 Term Bonds due May 1, 2030 with a fixed interest rate of 3.25%, $1,270,000 Term Bonds due May 1, 2040 with a fixed interest rate of 4.00% and $2,115,000 Term Bonds due May 1, 2051 with a fixed interest rate of 4.00%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the property within the District. Interest is paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing May 1, 2022 through May 1, 2051.

The Series 2020 Bonds are subject to redemption at the option of the District prior to maturity at a redemption price as set forth in the Bond Indenture. The Bonds are subject to extraordinary mandatory redemption prior to maturity in the manner determined by the Bond Indenture.

The Bond Indenture requires that the District maintain adequate funds in a reserve account to meet the debt service reserve requirements as defined in the Indenture. The requirement has been met at September 30, 2021.

The Bond Indenture has certain restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agreed to levy special assessments in annual amounts adequate to provide payment of debt service. Payment of principal and interest on the 2020 Bonds is secured by a pledge of and a first lien upon the pledged special assessment revenue. The District is in compliance with the requirements of the Bond Indenture.

NOTE 5	LONG-TERM LIABILITIES (CONTINUED)

As of September 30, 2021, total principal and interest remaining on the Series 2020 Special Assessment Bonds was $7,217,456. For the fiscal year ended September 30, 2021, interest paid was $89,848, no principal was paid and no special assessment revenue was pledged.

Capital Lease
The District executed a capital lease for fitness equipment. The equipment has a five year useful life. The lease qualifies as a capital lease for accounting purposes and, therefore has been recorded at the present value of future minimum lease payments.

The assets acquired through capital leases are as follows:		
Fitness equipment	$	159,176	
Less: accumulated depreciation	(156,872)	
Total	$	2,304	

As of September 30, 2021, the lease was paid off.

Long-term liability activity for the year ended September 30, 2021 was as follows:

Beginning	Due Within One
		Balance			Additions		Reductions	Ending Balance		Year	
Governmental activities:												
Bonds Payable:												
Series 2015	$	19,070,000		$	-		$	(530,000)		$	18,540,000		$	275,000	
Less: Discount		(222,287)			-		9,135		(213,152)		-	
Series 2018		11,925,000			-		(180,000)		11,745,000		190,000	
Series 2020		-			4,185,000		-		4,185,000		80,000	
Less: Discount		-			(14,731)		475		(14,256)		-	
Capital Lease		9,498			-		(9,498)		-		-	
Governmental activity long-	
term liabilities	$	30,782,211		$	4,170,269		$	(709,888)		$	34,242,592		$	545,000	

NOTE 5	LONG-TERM LIABILITIES (CONTINUED)

At September 30, 2021, the scheduled debt service requirements on the bonds payable were as follows:

Governmental Activities
Year Ending September 30,	Principal	Interest
2022	
$	545,000		$	1,817,369	
2023	570,000			1,793,313	
2024	600,000			1,768,075	
2025	625,000			1,740,475	
2026	810,000			1,711,644	
2027 - 2031	4,715,000			7,890,614	
2032 - 2036	6,145,000			6,503,988	
2037 - 2041	8,045,000			4,658,963	
2042 - 2046	9,075,000			2,211,185	
2047 - 2051	3,340,000			386,474	
	 $		34,470,000 		 $		30,482,100 	

NOTE 6	

DEVELOPER TRANSACTIONS				

The Developer owns a portion of land within the District; therefore assessment revenue in the general fund and debt service fund includes assessments levied on land owned by the Developer. The Developer’s portion of special assessment revenue for the year ended September 30, 2021 totaled $411,680 which is 13% of total special assessment revenue. At year end, balances due from the developer totaled $1,787,373. Additionally, the Developer contributed $6,877,775 to the capital projects fund. During the year, the District reimbursed the Developer $3,500,000 for prior year capital contributions.

The District’s activity is dependent upon the continued involvement of the Developer, the loss of which could have a material adverse effect on the District’s operations.

NOTE 7	MANAGEMENT COMPANY

The District has contracted with a management company to perform management services, which include financial and accounting services. Certain employees of the management company also serve as officers (Board appointed non-voting positions) of the District. Under the agreements, the District compensates the management company for management, accounting, financial reporting and other administrative costs.

NOTE 8	RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. These risks are covered by commercial insurance from independent third parties. The District filed one claim totaling $54,607, under this commercial coverage during the last three years.

COMPLIANCE SECTION

INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

To the Board of Supervisors
Trout Creek Community Development District

We have audited, in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of Trout Creek Community Development District (the “District”) as of and for the year ended September 30, 2021 and the related notes to the financial statements, which collectively comprise the District’s financial statements and have issued our report thereon dated June 27, 2022.

Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control over financial reporting was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over financial reporting that might be material weaknesses or significant deficiencies. Given these limitations, during our audit, we did not identify any deficiencies in internal control over financial reporting that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

Orlando, Florida June 27, 2022

MANAGEMENT LETTER

Board of Supervisors
Trout Creek Community Development District

Report on the Financial Statements
We have audited the financial statements of Trout Creek Community Development District, (the “District”) as of and for the fiscal year ended September 30, 2021, and have issued our report thereon dated June 27, 2022.

Auditor’s Responsibility
We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States and Chapter 10.550, Rules of the Auditor General.

Other Reporting Requirements
We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards and Independent Auditor’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated June 27, 2022, should be considered in conjunction with this management letter.

Prior Audit Findings
Section 10.554(1)(i.)1., Rules of the Auditor General, requires that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report. There were no such findings or recommendations in the preceding annual financial audit report.

Official Title and Legal Authority
Section 10.554(1)(i)4., Rules of the Auditor General, requires that the name or official title and legal authority for the primary government and each component unit of the reporting entity be disclosed in this management letter, unless disclosed in the notes to financial statements. This information has been disclosed in the notes to financial statements.

Financial Condition and Management
Section 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, require us to apply appropriate procedures and communicate the results of our determination as to whether or not the District has met one or more of the conditions described in Section 218.503(1), Florida Statutes, and to identify the specific condition(s) met. In connection with our audit, we determined that the District did not meet any of the conditions described in Section 218.503(1), Florida Statutes.

Pursuant to Sections 10.554(1)(i)5.b. and 10.556(8), Rules of the Auditor General, we applied financial condition assessment procedures for the District. It is management’s responsibility to monitor the District’s financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

Section 10.554(1)(i)2., Rules of the Auditor General, requires that we communicate any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations.

Specific Information
As required by Section 218.39(3)(c), Florida Statutes, and Section 10.554(1)(i)6, Rules of the Auditor General, the District reported:
The total number of district employees compensated in the last pay period of the district’s fiscal year as 0.
The total number of independent contractors to whom nonemployee compensation was paid in the last month of the district’s fiscal year as 11.
All compensation earned by or awarded to employees, whether paid or accrued, regardless of contingency as 0.
All compensation earned by or awarded to nonemployee independent contractors, whether paid or accrued, regardless of contingency as $65,986.

Each construction project with a total cost of at least $65,000 approved by the district that is scheduled to begin on or after October 1 of the fiscal year being reported, together with the total expenditures for such project as:
Phase 3B & C- $796,643 Phase 3 A-1- $259,578
A budget variance based on the budget adopted under Section 189.016(4), Florida Statutes, before the beginning of the fiscal year being reported if the district amends a final budget under Section 189.016(6), Florida Statutes, as included in the general fund budget statement.

As required by Section 218.39(3)(c), Florida Statutes, and Section 10.554(1)(i)7, Rules of the Auditor General, the district reported:
The rate or rates of non-ad valorem special assessments imposed by the district as:
	O&M	DS S2015	DS 2018	
Townhomes	$ 1,061.91	$ 879.50	$ 879.50	
Single Family 40’	1,087.86	979.50	979.50	
Single Family 50’	1,105.16	1,079.50	-	
Single Family 60’	1,122.47	1,179.50	-	
Single Family 70’	1,139.77	1,279.50	-	
Single Family 80’	1,157.07	1,379.50	-	
The total amount of special assessments collected by or on behalf of the district as $2,331,332.
The total amount of outstanding bonds issued by the district and the terms of such bonds as disclosed in the notes.

Additional Matters
Section 10.554(1)(i)3., Rules of the Auditor General, requires us to communicate noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance. In connection with our audit, we did not note any such findings.

Purpose of this Letter
Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, and applicable management, the Board of Supervisors, and is not intended to be and should not be used by anyone other than these specified parties.

Orlando, Florida June 27, 2022

934 North Magnolia Avenue, Suite 100
Orlando, Florida 32803
407‐843‐5406
www.mcdirmitdavis.com

INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES

To the Board of Supervisors
Trout Creek Community Development District

We have examined Trout Creek Community Development District’s (the “District”) compliance with the requirements of Section 218.415, Florida Statutes, during the year ended September 30, 2021. Management is responsible for the District’s compliance with those requirements. Our responsibility is to express an opinion on District’s compliance based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and the standards applicable to attestation engagements contained in Government Auditing Standards issued by the Comptroller General of the United States, and, accordingly, included examining, on a test basis, evidence about the District’s compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the District’s compliance with specified requirements.

In our opinion, the District complied, in all material respects, with the aforementioned requirements for the year ended September 30, 2021.

Orlando, Florida June 27, 2022

the trusted partner

Tab 6

REBATE REPORT
$12,100,000
Trout Creek Community Development District (St. Johns County, Florida)
Capital Improvement Revenue Bonds, Series 2018

Dated: July 9, 2018
Delivered: July 9, 2018

Rebate Report to the Computation Date July 9, 2023
Reflecting Activity To June 30, 2022

TABLE OF CONTENTS

AMTEC Opinion	3
Summary of Rebate Computations	4
Summary of Computational Information and Definitions	5
Methodology	7
Sources and Uses	8
Proof of Arbitrage Yield	9
Bond Debt Service	11
Arbitrage Rebate Calculation Detail Report – Acquisition & Construction Fund	13
Arbitrage Rebate Calculation Detail Report – Capitalized Interest Fund	15
Arbitrage Rebate Calculation Detail Report – Debt Service Reserve Fund	16
Arbitrage Rebate Calculation Detail Report – Cost of Issuance Fund	17
Arbitrage Rebate Calculation Detail Report – Rebate Computation Credits	18

July 20, 2022

Trout Creek Community Development District c/o Ms. Kelsie Howell
District Compliance Associate Rizzetta & Company, Inc.
3434 Colwell Avenue, Suite 200
Tampa, FL 33614

Re:	$12,100,000 Trout Creek Community Development District (St. Johns County, Florida), Capital Improvement Revenue Bonds, Series 2018

Dear Ms. Howell:

AMTEC has prepared certain computations relating to the above referenced bond issue (the “Bonds”) at the request of the Trout Creek Community Development District (the “District”).

The scope of our engagement consisted of preparing the computations shown in the attached schedules to determine the Rebatable Arbitrage as described in Section 103 of the Internal Revenue Code of 1954, Section 148(f) of the Internal Revenue Code of 1986, as amended (the “Code”), and all applicable Regulations issued thereunder. The methodology used is consistent with current tax law and regulations and may be relied upon in determining the rebate liability. Certain computational methods used in the preparation of the schedules are described in the Summary of Computational Information and Definitions.

Our engagement was limited to the computation of Rebatable Arbitrage based upon the information furnished to us by the District. In accordance with the terms of our engagement, we did not audit the information provided to us, and we express no opinion as to the completeness, accuracy or suitability of such information for purposes of calculating the Rebatable Arbitrage.

We have scheduled our next Report as of July 9, 2023, the Computation Date. Thank you for this engagement and should you have any questions, please do not hesitate to contact us.

Very truly yours,

Michael J. Scarfo	Trong M. Tran
Senior Vice President	Assistant Vice President

SUMMARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the July 9, 2023 Computation Date
Reflecting Activity from July 9, 2018 through June 30, 2022

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitrage	
Acquisition & Construction Fund	1.493782%	79,091.89	(262,668.75)	
Capitalized Interest Fund	1.650810%	12,635.69	(36,144.43)	
Debt Service Reserve Fund	0.777284%	25,100.23	(174,536.51)	
Costs of Issuance Fund	1.076001%	69.41	(357.57)	
Totals	1.260678%	$116,897.22	$(473,707.26)	
Bond Yield	5.425999%		
Rebate Computation Credits	(6,190.95)	
Net Rebatable Arbitrage	$(479,898.21)	

Based upon our computations, no rebate liability exists.

SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION

For the purpose of calculating Rebatable Arbitrage, investment activity is reflected from July 9, 2018, the date of the closing, to June 30, 2022, the Computation Period. All nonpurpose payments and receipts are future valued to the Computation Date of July 9, 2023.

Computations of yield are based on a 360-day year and semiannual compounding on the last day of each compounding interval. Compounding intervals end on a day in the calendar year corresponding to Bond maturity dates or six months prior.

For investment cash flow, debt service and yield computation purposes, all payments and receipts are assumed to be paid or received respectively, as shown on the attached schedules.

Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.

During the period between July 9, 2018 and June 30, 2022, the District made periodic payments into the Debt Service Fund that were used, along with the interest earned, to provide the required debt service payments.
Under Treasury Regulation 148(f)(4)(A), the rebate requirement does not apply to amounts in certain bona fide debt service funds. The Regulations define a bona fide debt service fund as one that is used primarily to achieve a proper matching of revenues with principal and interest payments within each bond year. The fund must be depleted at least once each bond year, except for a reasonable carryover amount not to exceed the greater of the earnings on the fund for the immediately preceding bond year or 1/12th of the principal and interest payments on the issue for the immediately preceding bond year.
We have reviewed the Debt Service Fund and have determined that the funds deposited have functioned as bona fide debt service funds and are not subject to the rebate requirement.

DEFINITIONS

Computation Date
July 9, 2023.

Computation Period
The period beginning on July 9, 2018, the date of the closing, and ending on June 30, 2022.

Bond Year
Each one-year period (or shorter period from the date of issue) that ends at the close of business on the day in the calendar year that is selected by the issuer. If no day is selected by the issuer before the earlier of the final maturity date of the issue or the date that is five years after the date of issue, each bond year ends at the close of business on the anniversary date of the issuance.

Bond Yield
The discount rate that, when used in computing the present value of all the unconditionally payable payments of principal and interest with respect to the Bonds, produces an amount equal to the present value of the issue price of the Bonds. Present value is computed as of the date of issue of the Bonds.

Taxable Investment Yield
The discount rate that, when used in computing the present value of all receipts of principal and interest to be received on an investment during the Computation Period, produces an amount equal to the fair market value of the investment at the time it became a nonpurpose investment.

Issue Price
The price determined on the basis of the initial offering price to the public at which price a substantial amount of the Bonds were sold.

Rebatable Arbitrage
The Code defines the required rebate as the excess of the amount earned on all nonpurpose investments over the amount that would have been earned if such nonpurpose investments were invested at the Bond Yield, plus any income attributable to the excess. Accordingly, the Regulations require that this amount be computed as the excess of the future value of all the nonpurpose receipts over the future value of all the nonpurpose payments. The future value is computed as of the Computation Date using the Bond Yield.

Funds and Accounts
The Funds and Accounts activity used in the compilation of this Report was received from the District and The Bank of New York Mellon, Trustee, as follows:

Account / Fund	Account Number	
Acquisition & Construction	346286	
Capitalized Interest	346937	
Cost of Issuance	346289	
Debt Service	346350	
Interest	346936	
Prepayment	347001	
Debt Service Reserve	347482	
Redemption	347000	
Optional Redemption	347480	
Rebate	347491	
Sinking	346299	

METHODOLOGY

Bond Yield
The methodology used to calculate the bond yield was to determine the discount rate that produces the present value of all payments of principal and interest through the maturity date of the Bonds.

Investment Yield and Rebate Amount

The methodology used to calculate the Rebatable Arbitrage, as of June 30, 2022, was to calculate the future value of the disbursements from all funds, subject to rebate, and the, value of the remaining bond proceeds, at the yield on the Bonds, to July 9, 2023. This figure was then compared to the future value of the deposit of bond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on July 9, 2023, is the Rebatable Arbitrage.

$12,100,000
Trout Creek Community Development District (St. Johns County, Florida)
Capital Improvement Revenue Bonds, Series 2018 Delivered: July 9, 2018

Sources of Funds

Par Amount	$12,100,000.00	
Totals	$12,100,000.00	

Uses of Funds

Acquisition & Construction Fund	$10,002,947.97	
Capitalized Interest Fund	849,542.65	
Debt Service Reserve Fund	819,509.38	
Costs of Issuance Fund	186,000.00	
Underwriter’s Discount	242,000.00	
Total	$12,100,000.00	

PROOF OF ARBITRAGE YIELD
$12,100,000
Trout Creek Community Development District (St. Johns County, Florida)
Capital Improvement Revenue Bonds, Series 2018

Present Value	
to 07/09/2018	
Date	Debt Service	@ 5.4259990398%	
11/01/2018	201,586.39	198,256.58	
05/01/2019	323,978.13	310,210.64	
11/01/2019	323,978.13	302,016.92	
05/01/2020	498,978.13	452,868.05	
11/01/2020	320,040.63	282,793.80	
05/01/2021	500,040.63	430,174.48	
11/01/2021	315,990.63	264,659.90	
05/01/2022	505,990.63	412,601.69	
11/01/2022	311,715.63	247,469.51	
05/01/2023	511,715.63	395,518.12	
11/01/2023	307,215.63	231,182.84	
05/01/2024	517,215.63	378,929.59	
11/01/2024	301,965.63	215,386.75	
05/01/2025	521,965.63	362,474.92	
11/01/2025	296,465.63	200,440.28	
05/01/2026	526,465.63	346,541.50	
11/01/2026	290,715.63	186,306.58	
05/01/2027	530,715.63	331,128.29	
11/01/2027	284,715.63	172,949.89	
05/01/2028	539,715.63	319,189.49	
11/01/2028	278,340.63	160,263.56	
05/01/2029	548,340.63	307,385.36	
11/01/2029	271,084.38	147,948.93	
05/01/2030	556,084.38	295,476.28	
11/01/2030	263,425.00	136,274.16	
05/01/2031	563,425.00	283,770.48	
11/01/2031	255,362.50	125,216.86	
05/01/2032	570,362.50	272,289.72	
11/01/2032	246,896.88	114,754.70	
05/01/2033	576,896.88	261,052.38	
11/01/2033	238,028.13	104,865.43	
05/01/2034	588,028.13	252,218.38	
11/01/2034	228,621.88	95,470.90	
05/01/2035	598,621.88	243,377.48	
11/01/2035	218,678.13	86,558.11	
05/01/2036	608,678.13	234,565.80	
11/01/2036	208,196.88	78,113.45	
05/01/2037	618,196.88	225,815.10	
11/01/2037	197,178.13	70,122.84	
05/01/2038	632,178.13	218,884.40	
11/01/2038	185,487.50	62,526.57	
05/01/2039	645,487.50	211,842.14	
11/01/2039	172,837.50	55,225.17	
05/01/2040	657,837.50	204,640.84	
11/01/2040	159,500.00	48,306.88	
05/01/2041	669,500.00	197,411.95	
11/01/2041	145,475.00	41,762.44	
05/01/2042	685,475.00	191,585.95	
11/01/2042	130,625.00	35,544.54	
05/01/2043	700,625.00	185,612.34	
11/01/2043	114,950.00	29,648.64	
05/01/2044	719,950.00	180,789.30	
11/01/2044	98,312.50	24,035.53	
05/01/2045	738,312.50	175,735.62	
11/01/2045	80,712.50	18,704.02	
05/01/2046	755,712.50	170,500.38	
11/01/2046	62,150.00	13,651.63	
05/01/2047	772,150.00	165,127.57	

PROOF OF ARBITRAGE YIELD
$12,100,000
Trout Creek Community Development District (St. Johns County, Florida)
Capital Improvement Revenue Bonds, Series 2018

		Present Value	
		to 07/09/2018	
Date	Debt Service	@ 5.4259990398%	
11/01/2047	42,625.00	8,874.77	
05/01/2048	797,625.00	161,683.56	
11/01/2048	21,862.50	4,314.61	
05/01/2049	816,862.50	156,951.41	
	25,371,870.94	12,100,000.00	

Proceeds Summary

Delivery date	07/09/2018	
Par Value	12,100,000.00	
Target for yield calculation	12,100,000.00	

BOND DEBT SERVICE
$12,100,000
Trout Creek Community Development District (St. Johns County, Florida)
Capital Improvement Revenue Bonds, Series 2018

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
07/09/2018						
11/01/2018			201,586.39	201,586.39		
05/01/2019			323,978.13	323,978.13	525,564.52	
11/01/2019			323,978.13	323,978.13		
05/01/2020	175,000	4.500%	323,978.13	498,978.13	822,956.26	
11/01/2020			320,040.63	320,040.63		
05/01/2021	180,000	4.500%	320,040.63	500,040.63	820,081.26	
11/01/2021			315,990.63	315,990.63		
05/01/2022	190,000	4.500%	315,990.63	505,990.63	821,981.26	
11/01/2022			311,715.63	311,715.63		
05/01/2023	200,000	4.500%	311,715.63	511,715.63	823,431.26	
11/01/2023			307,215.63	307,215.63		
05/01/2024	210,000	5.000%	307,215.63	517,215.63	824,431.26	
11/01/2024			301,965.63	301,965.63		
05/01/2025	220,000	5.000%	301,965.63	521,965.63	823,931.26	
11/01/2025			296,465.63	296,465.63		
05/01/2026	230,000	5.000%	296,465.63	526,465.63	822,931.26	
11/01/2026			290,715.63	290,715.63		
05/01/2027	240,000	5.000%	290,715.63	530,715.63	821,431.26	
11/01/2027			284,715.63	284,715.63		
05/01/2028	255,000	5.000%	284,715.63	539,715.63	824,431.26	
11/01/2028			278,340.63	278,340.63		
05/01/2029	270,000	5.375%	278,340.63	548,340.63	826,681.26	
11/01/2029			271,084.38	271,084.38		
05/01/2030	285,000	5.375%	271,084.38	556,084.38	827,168.76	
11/01/2030			263,425.00	263,425.00		
05/01/2031	300,000	5.375%	263,425.00	563,425.00	826,850.00	
11/01/2031			255,362.50	255,362.50		
05/01/2032	315,000	5.375%	255,362.50	570,362.50	825,725.00	
11/01/2032			246,896.88	246,896.88		
05/01/2033	330,000	5.375%	246,896.88	576,896.88	823,793.76	
11/01/2033			238,028.13	238,028.13		
05/01/2034	350,000	5.375%	238,028.13	588,028.13	826,056.26	
11/01/2034			228,621.88	228,621.88		
05/01/2035	370,000	5.375%	228,621.88	598,621.88	827,243.76	
11/01/2035			218,678.13	218,678.13		
05/01/2036	390,000	5.375%	218,678.13	608,678.13	827,356.26	
11/01/2036			208,196.88	208,196.88		
05/01/2037	410,000	5.375%	208,196.88	618,196.88	826,393.76	
11/01/2037			197,178.13	197,178.13		
05/01/2038	435,000	5.375%	197,178.13	632,178.13	829,356.26	
11/01/2038			185,487.50	185,487.50		
05/01/2039	460,000	5.500%	185,487.50	645,487.50	830,975.00	
11/01/2039			172,837.50	172,837.50		
05/01/2040	485,000	5.500%	172,837.50	657,837.50	830,675.00	
11/01/2040			159,500.00	159,500.00		
05/01/2041	510,000	5.500%	159,500.00	669,500.00	829,000.00	
11/01/2041			145,475.00	145,475.00		
05/01/2042	540,000	5.500%	145,475.00	685,475.00	830,950.00	
11/01/2042			130,625.00	130,625.00		
05/01/2043	570,000	5.500%	130,625.00	700,625.00	831,250.00	
11/01/2043			114,950.00	114,950.00		
05/01/2044	605,000	5.500%	114,950.00	719,950.00	834,900.00	
11/01/2044			98,312.50	98,312.50		
05/01/2045	640,000	5.500%	98,312.50	738,312.50	836,625.00	
11/01/2045			80,712.50	80,712.50		
05/01/2046	675,000	5.500%	80,712.50	755,712.50	836,425.00	
11/01/2046			62,150.00	62,150.00		
05/01/2047	710,000	5.500%	62,150.00	772,150.00	834,300.00	

	BOND DEBT SERVICE		
	$12,100,000
Trout Creek Community Development District (St. Johns County, Florida)
Capital Improvement Revenue Bonds, Series 2018		
Period Ending	
Principal	Coupon	Interest	Debt Service	Annual Debt Service	

11/01/2047			42,625.00	42,625.00		
05/01/2048	755,000	5.500%	42,625.00	797,625.00	840,250.00	
11/01/2048			21,862.50	21,862.50		
05/01/2049	795,000	5.500%	21,862.50	816,862.50	838,725.00	
	12,100,000		13,271,870.94	25,371,870.94	25,371,870.94	

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(5.425999%)

07/09/18	Beg	Bal	-10,002,947.97	-13,073,206.78	
07/12/18			2,005,857.98	2,620,357.49	
09/11/18			2,834.72	3,670.79	
09/11/18			2,115.00	2,738.80	
09/11/18			4,815.84	6,236.23	
09/11/18			41,183.89	53,330.69	
09/14/18			4,815.84	6,233.44	
09/14/18			2,834.72	3,669.16	
09/14/18			2,115.00	2,737.58	
09/14/18			41,183.89	53,306.90	
09/19/18			9,500.00	12,287.31	
09/19/18			1,902.06	2,460.13	
09/19/18			79,700.00	103,084.04	
09/26/18			-2,115.00	-2,732.70	
09/26/18			-4,815.84	-6,222.33	
09/26/18			-41,183.89	-53,211.85	
09/26/18			-2,834.72	-3,662.61	
10/15/18			46,377.00	59,752.56	
11/30/18			1,143,094.46	1,462,950.62	
11/30/18			1,680,014.14	2,150,109.04	
12/05/18			474,936.07	607,379.00	
12/05/18			3,240.99	4,144.79	
12/05/18			319,487.49	408,581.29	
12/19/18			241,343.37	308,003.60	
12/24/18			378,915.99	483,215.02	
03/20/19			420,107.87	528,937.00	
03/20/19			137,414.53	173,011.82	
03/20/19			40,324.53	50,770.62	
03/20/19			549.00	691.22	
03/20/19			1,176.15	1,480.83	
03/20/19			229.00	288.32	
04/08/19			7,198.00	9,038.42	
04/08/19			1,317.63	1,654.53	
04/08/19			4,191.50	5,263.20	
04/17/19			-1,817.63	-2,279.32	
05/06/19			-1.78	-2.23	
05/09/19			55,157.38	68,941.71	
05/09/19			487,888.45	609,816.22	
05/09/19			223,237.20	279,026.21	
05/09/19			6,300.00	7,874.43	
05/09/19			510.00	637.45	
05/09/19			189,460.77	236,808.74	
05/09/19			3,442.30	4,302.56	
05/09/19			70,632.54	88,284.26	
07/02/19			80,150.77	99,394.67	
07/03/19			93,708.78	116,190.63	
08/09/19			18,800.00	23,185.88	
08/09/19			204,071.10	251,679.15	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(5.425999%)	
08/09/19	334,117.54	412,064.31	
08/09/19	58,571.31	72,235.50	
08/09/19	233,873.02	288,433.60	
08/09/19	67,449.60	83,185.02	
09/24/19	178,658.10	218,867.91	
09/24/19	209,291.40	256,395.71	
09/24/19	11,725.00	14,363.90	
10/04/19	212,274.27	259,663.48	
10/04/19	104,364.37	127,663.21	
10/04/19	82,898.92	101,405.71	
10/17/19	59,750.00	72,947.74	
10/17/19	43,026.65	52,530.49	
10/17/19	1,663.00	2,030.33	
07/06/20	175.53	206.20	
09/02/20	0.29	0.34	
10/01/20	0.14	0.16	
11/03/20	0.01	0.01	
02/01/21	0.01	0.01	
03/01/21	0.01	0.01	
04/01/21	0.01	0.01	
06/02/21	0.01	0.01	
09/02/21	0.01	0.01	
10/04/21	0.01	0.01	
02/01/22	0.01	0.01	
03/01/22	0.01	0.01	
05/02/22	0.26	0.28	
05/31/22	MMkt Bal	4,832.40	5,127.82	
05/31/22	MMkt Acc	0.88	0.93	
07/09/23	TOTALS:	79,091.89	-262,668.75	

ISSUE DATE:	07/09/18	
REBATABLE ARBITRAGE:	
-262,668.75	
COMP DATE:	07/09/23	NET INCOME:	79,091.89	
BOND YIELD: 5.425999%	TAX INV YIELD:	1.493782%	

	Capitalized Interest Fund		
	
ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(5.425999%)	
07/09/18	Beg Bal	-849,542.65	-1,110,297.36	
11/01/18	201,586.39	259,108.55	
05/01/19	323,978.13	405,425.27	
10/31/19	323,978.13	394,775.31	
07/06/20	12,635.69	14,843.80	
07/09/23	TOTALS:	12,635.69	-36,144.43	

ISSUE DATE:	07/09/18	
REBATABLE ARBITRAGE:	
-36,144.43	
COMP DATE:	07/09/23	NET INCOME:	12,635.69	
BOND YIELD: 5.425999%	TAX INV YIELD:	1.650810%	

	Debt Service Reserve Fund		
	
ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(5.425999%)	
07/09/18	Beg Bal	-819,509.38	-1,071,045.82	
03/22/22	24,709.81	26,486.89	
05/31/22	MMkt Bal	819,701.39	869,811.88	
05/31/22	MMkt Acc	198.41	210.54	
07/09/23	TOTALS:	25,100.23	-174,536.51	

ISSUE DATE:	07/09/18	
REBATABLE ARBITRAGE:	
-174,536.51	
COMP DATE:	07/09/23	NET INCOME:	25,100.23	
BOND YIELD: 5.425999%	TAX INV YIELD:	0.777284%	

	Costs of Issuance Fund		
	
ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(5.425999%)	
07/09/18	Beg Bal	-186,000.00	-243,089.98	
07/09/18	50,000.00	65,346.77	
07/09/18	40,000.00	52,277.42	
07/09/18	36,000.00	47,049.67	
07/09/18	42,500.00	55,544.75	
07/20/18	1,750.00	2,283.40	
11/15/18	5,000.00	6,413.37	
11/20/18	9,000.00	11,535.49	
04/17/19	1,817.63	2,279.32	
05/06/19	1.78	2.23	
07/09/23	TOTALS:	69.41	-357.57	

ISSUE DATE:	07/09/18	REBATABLE ARBITRAGE:	-357.57	
COMP DATE:	07/09/23	NET INCOME:	69.41	
BOND YIELD:	5.425999%	TAX INV YIELD:	1.076001%	

	Rebate Computation Credits		
	
ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(5.425999%)	
07/09/19	-1,730.00	-2,143.13	
07/09/20	-1,760.00	-2,066.64	
07/09/21	-1,780.00	-1,981.17	
07/09/23	TOTALS:	-5,270.00	-6,190.95	

ISSUE DATE:	07/09/18	REBATABLE ARBITRAGE: -6,190.95 COMP DATE:	07/09/23
BOND YIELD: 5.425999%

Tab 7

Enhancement Proposal	
Job Name: Property Name: Client: Address: City/State/Zip:	Tree Remediation Shearwater
Berry Jeskewich 100 Kayak Way
St. Augustine, FL 32092	Proposal # 0129
Date:	August 2, 2022

Send Payment to : PO Box 600061
St. John's, FL 32260	
Phone:	904-342-3739		
Prestige Landscapes of NF, Inc. will complete the work described below:
Description
Prestige Landscapes will perform the required tree remediation as suggested by Advanced Tree Care, Inc. Project will be completed on the selected 50 Oak trees, selected by the association. PLI will apply the Wild Earth Tree application using an microbial grannular, liquid, and
top dress blend.	
Materials & Services	Quantity	Unit Price	Total	
Removing girdling roots, excess dirt/mulch (estimated hours)	25	$45.00	$1,125.00	
Wild Earth Tree Application Fertilizer	50	$269.94	$13,497.00	
Water Trailer Rental	1	$750.00	$750.00	

TOTAL PRICE	$	15,372.00

ACCEPTANCE OF TERMS
Signature below authorizes Prestige Landscapes of NF to perform work as described above and verifies that the prices and specifications are hereby accepted.
Payment terms: Net 30 days. All overdue balances will be a charged a 1.5% a month, 18% annual percentage rate.
Limited Warranty: All plant material is under a limited warranty for one year. Transplanted plant material and/or plant material that dies due to conditions out of Prestige Landscapes control (i.e. Acts of God, vandalism, inadequate irrigation due to water restrictions, etc.) shall not be
included in the warranty.

Client:		

Prepared by:	

Chris Kenny	

Date:			

Date:		

August 2, 2022		

Internal Use Only	

Project Number:		
District:	Jacksonville South	

PO Reference:		
Date Work Completed:		

Mailing Address	Job Address	
Trout Creek CDD	Shearwater	
Trout Creek CDD c/o Rizetta & Company	100 Kayak Way	
3434 Colwell Ave, Suite 200	St. Augustine, FL 32092	
Tampa, FL 33614	
Date:	July 22, 2022	Phone:	Tampa	
Opportunity#:	8914			

Job Summary:

Amend soil around 50 trees to encourage growth using Wild Earth products and process. Proposal includes labor and all materials to complete the process.

Landscape Enhancement	

Quantity	Description	Unit	Unit Price	Ext Price	
50.00	Labor and Prep	Hr	$45.59	$2,279.40	
50.00	Tree Amendements	Ea	$200.00	$10,000.00	
1.00	Disposal Fee	Ea	$350.00	$350.00	
		Landscape Enhancement Total	$12,629.40	

Proposal Total:	$12,629.40

Note: This proposal includes all labor and material necessary to complete the job. Payment due 30 days after receipt of invoice.
All material is guaranteed for one year as long as proper maintenance and landscape practices are being performed. All work to be completed in a workman-like manner according to standard practices. Any changes or additional work from the above specifications involving extra cost will be executed only upon written orders, and will become an extra charge over and above the estimates. Any verbal authorizations given by the customer will be treated the same as a written order even if authorization is not written.
Verdego employees are fully covered by workman's compensation insurance.

ACCEPTANCE OF PROPOSAL
I/WE have reviewed your proposal and hereby indicate our acceptance of the same, as per the scope, specifications and amounts mentioned in the proposal form. I/We agree to the proposed terms of payment and will release the funds as per agreed herein.

By	By
Scott Settlemires
Date	7/22/2022	Date

VerdeGo	Trout Creek CDD

Tab 8

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	
8/4/2022	Shearwater	Scott Settlemires	July 2022

COMPLETED IN {{MAIN.SERVICEMONTH}}

SERVICES SUMMARY

Full-Service Maintenance (Mowing/Edging/String Trimming/ Blowing)
Detail Work (Weeding/Pruning)
Irrigation Inspection Wet Check/ Including repairs

ANTICIPATED FOR NEXT MONTH

Fert/Chem Treatment

Full-Service Maintenance (Mowing/Edging/String Trimming/ Blowing)
Detail Work (Weeding/Pruning)
Irrigation Inspection Wet Check

TURF

COMMENTS

Turf quality has improved significantly in the most areas, still a few areas are struggling with invasive dallisgrass and thin turf. We are

PLANT BEDS

TREES & SHRUBS

currently weighing options to improve, either through replacement, or organic top dressing. Phase 2 seems to have the most issues with struggling turf, most likely to be attributed to weak irrigation pressure issues that have been existing since installation.

Tree and shrub health is not where it should be mainly in phase 2 also. Has been verified that there is no nutrients whatsoever in the soil. We currently have a proposal for the treatment of 50 trees to provide an organic nutrient overload to the soil, roots, and foliage.

Plant beds are now looking amazing with the application of large pine bark mulch, which will help suppress weed growth.

OTHER

I

 	 	

Shearwater Falls clock	
(	..>ne	Time	Zone Location	
A	C	

B	D	
1 I		
Spray grass entrance by round-about both sides of Shearwater Pkwy	

2		
Spray beds median on Shearwater Pkwy and Falls dr including exit co\rner beds	
3	I		
Spray grass between sidewalk and curb across from falls dr on Shearwater Pkwy	

4			

5		
Spray grass between sidewalk and curb on from zone 1 to Falls dr	

6		
Spray grass between sidewalk and curb on Falls dr exit side	
7		
Spray grass between sidewalk and curb continued from zone 6	

8		
Spray beds and grass by homes on Entrance side of Falls dr	

9			
10		
Rotor grass on corner of Watling and Falls Dr	

( 11		
Spray beds on both sides of Falls by Windley and Watling	
J12		Spray grass continued from zone 7 corners of Watling and Falls & Watling and Appian	
J 13		
Rotor grass pond side of Appina between sidewalk and curb	
o/ 14		
Rotor grass on pond side opposite side of zone 13 passed pavillion both sides of pond	

15		
Spray grass between sidewalk and curb across from 124 Appian	
J 16		
Rotor bermuda field right side of open field	
J 17		
Spray beds around playground	
J 18		
Rotor beds and grass around playground	
J 19			
J 20		Rotor bermuda field across from zone 16	
J 21		
Spray beds on Bowery side of pond by pavillion	
j 22		
Spray grass between curb and path passed Totten Way	
j 23		
Rotor grass across from Totten way to 43 Bowery	
/	24		
Spray grass corner of Bowery and Windley between side walk and curb	
	
5			Spray beds around benches on Windley at Falls dr	
I				Rotor grass corner of Windley and Bowery behind sidewalk by Falls and Windley	
	26				

57		Rotor grass behind sidewalk from zone 54 to dog park	
("
i\	.58		Spray grass from zone 55 to the outside of the dog park	
59		-
Spray between sidewalk and curb infront of dog park and into island	
60		Sprays grass between sidewalk and curb passed dogpark to Luna and center island	
61		Spray beds by Dogpark	
62		Rotor bahai behind sidewalk by dogpark to Luna	
63			
64		Spray grass corner of Luke and Shearwater Pkwy	
65		Rotor grass on Luke passed Lombard behind sidewalk to crosswalk by cul-de-sac	
66		Spray grass between sidewalk and curb passed Lombard	
67		Spray beds passed crosswalk to cul-de-sac on Luke rd	
68		Rotor grass passed crosswalk behind sidewalk to Cobalt	
69		Spray grass on both corners of Luke and Cobalt	
70		Rotor grass by pond on Cobalt	

I
\	71		Rotor grass by pond on lake by cobalt side	
	72		Rotor grass pond on Luke on shearwater Pkwy side	

			

			

			

			

\

		Rotor grass entrance side of Falls by houses to pond behind houses	
- 27 /
28		
Rotor grass along pond by zone 27	

29		Spray grass corner of Blecker and Beale	
30		Spray beds on corner of Blecker and Beale	
31		Rotor grass opposite side of pond of zone 28	

32		Rotor grass along Shearwater Pkwy down to Dalton parkinglot across from dogpark	

33		Spray beds along Dalton parkinglot across from dog park	
34		Spray grass opposite side of hedge from zone 34 across dog park	
35		Rotor grass zone continued from zone 34 behind cartpath between houses on Dalton	
36		Rotors grass area between houses on corner of Watling and Beale to zone 35	

37		Spray beds outside community garden	

38		Sprays grass inside dog park	

39		Rotor grass inside Dog park	

40		Rotor grass across from dogpark on pond and by houses	
41		Rotor grass continued from zone 40 down to Luke dr	
42		Spray beds behind houses on Shearwater Pkwy and Luke dr	
43		Rotor grass corner of shearwater Pkwy and Luke Dr behind sidewalk along pond	
44		Rotor grass by the side of the pond by Beale and Peacock	
45		Spray grass between cartpath and curb just passed Falls dr	
46		Spray grass between cartpath and curb just passed zone 45	
47		spray grass between cartpath and curb just passed zone 46	
48		Spray grass between cartpat and curb just passed zone 47	A. '	
49		Spray grass across from the dogpark	t	
so		Spray grass across from dogpark parking lot by entrance	
51		Spray grass exit side of parking lot to Shearwater Sign	
52		Spray grass from zone 51 to corner of Luke	
53		Spray grass across from zone 45 between sidewalk and curb	
54		Rotors behind sidewalk from zone 53 to residential homes	
55		Spray grass continued from zone 53 between sidewalk and curb	
56		Spray frass continued from zone 55 between sidewalk and curb	

Monthly Irrigation Inspection Summary of Repairs	
f-' (lo _,""2...	Job Location:	-e,v---1.J.) v	e1	
Controller Location:	.	
Zone	Qty	Materials	Cost	Total	Reason	
79	2	&Ju-	/uD -n,l:,,,				
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77	l	t>f c fl\A./ (o,l't.,\	s: Cio---				
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Monthly Irrigation Inspection Summary of Repairs	
(/"7'{k,- bL	Job Location:	56eor	-r:r-  tf;,vJtr{J	
I	Controller Location:	Z.: - e	I	
Zone	Qty	Materials	Cost	-fffl:af-	Reason	
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Shearwater Entry	7-	/(	
Zone	Time	6 _, 17	-  i,	Zone Location	
A	C	
B	D	
1 ./	Jl	Spray entry of shearwater by 210 beds on corner		-:i
!			I 'I'
If.	,(
I •	.Sc....	
2	.;	o /l	Spray entry beds passed driveway to private residence on entry side of Pkwy	qI				
·.		
,·· - •j
.1(: r	
(
3 ..J	0 )L	Spray grass on entry side passed private residence on shearwater Pkwy	
4 J		Spray island tip on Pkwy by school road entry	{11 -1e 12c:. p/rJ,(c j  bG l.J,k/
.r	
5 J		0	
}l,	Spray grass middle of island by zone 4	
6  ,,,i	(j Jl	Spray grass and be tip in median closest to 210	i	))azi/ l	
7;	(j ]l..	Rotor on exit side of shearwater Pkwy on corner of 210	t							
I
I	
8 /	o /L	Spray grass and beds on exit side of shearwater Pkwy	
9 . i
;	o)t.	I
Spray beds exit side of Shearwater Pkwy	
10 ./	
6Jt.	Rotor grass on entry side of Shearwater Pkwy by lake 1	
11 V/	(5 /I/	Rotor Beds on entry side of Shearwater Pkwy by lake 1	
12. f	0 Jt..	Spray beds on entry side of Shearwater Pkwy by sidewalk net to lake 1	
13	
0 /L.	Spray grass by sidewalk before monumeny on entry side of Pkwy	
14 J	It..	Rotor beds by lake one and median tip	
15 /	c, }l	Rotor grass/beds in median by zone 14	
16 .)	B Jl.	Spray grass by sidewalk next to lake 1 entry side of Pkwy	
17J	(J /l	Spray /Rotor bed/grass on median and by sidewalk to lake one								
18	r, )l	Spray grass next to lake 1 by sidewalk on left and right	1: /Ja.?L} C	
19 J	/C.	Spray beds/grass on median and both sides of sidewalk	I 5pf	
20/	(J )t..,	Spray beds/grass lake 1 left and right Shearwate•r sidewalk	
21 J	<5 /t-	Rotor beds/grass by right of lake one and left of lake 2 by clock	
22 J	o}l	Sprays beds on entry of Pine tree In	
23)	o It...	Sprays beds right side of sidewalk on Pine tree In by school	
24	o It.	Sprays beds by school right side of sidewalk by zone 23	
25 v	
0		Jt.	Spray grass on median and exit side of road to stop sign	
26 I	o I"	Rotor on exit side of Pine Tree to stop sign	II	;1;" 1/	J;.,:.
I	t,,.·	
27 :/	0 Jt.,..	Spray grass on island by Atlas dr	
28 V	O /L	Spray beds on th eleft side of the path going toward Pine tree In	

I

29	/'-	Rotor grass on median and by sidewalk going toward Pine tree Ln	)	f2..,	
30	o /l	Spray beds on exit side of Pkwy by sidewalk beds on exit side	
31		Rotor grass/beds going toward pine tree In near lake 2	
32	0	/L--	Rotor/Spray grass Atlas dr in the middle of homes by sidewalks	
33			
34	o I'-	Rotor grass Atlas rd by lake 2 back of homes by sidewalk	
35	0 /l,	Spray beds big island and path on road exit side heading to Pinetree In	
36	t.P lt.	Rotor two sides of lake 2 and path close to clock	
37	o I"	Rotor left side of lake 2 close to clock	l/	R,	
38	
0	/t,,	Spray in three areas grass by lake 2, on big median island, and exit side of shearwater pkwy	
39	
0	
)L	I	,.	I	
40	0	)l	Spray grass by clock and cartpath on left side of lake 2	t	Sfl	
41	()	)l,	Spray beds by clock to entrance of Archwood	I	- p/	
42 I	G //.,	r	beds by lake 2 behind houses	.1  5?-1	.,	
43	0	)'--	Spray on atlas dr plants	-	
44	(5	)6	Spray on atlas dr grass	
45	B )t.	Spray grass on skipjack by lake 2 behind homes	
46	0 /L-	..Str--1	
47	0 )l	Spray grass passed clock to Talisa trail by sidewalk on entry side close to the cove	-	
48	Jl	Spray beds passed Talisa trail by sidewalk	·QeiJ/ac	cJe(sr/-e	-	
49 . OJ	Rotor passed Talisa trail in natural area	I	fZe-Plat_	oJ	(yl,t:::-	
so I	0-ll-	Rotor grass on entrance side by lake 3	I.•'/;'	
51 1	0-../t,	Spray beds in two spots n1edian island and right of sidewalk before entrance of Sande.rass	I 5p	
52	O'-Jt,,	I	I,	.. I	, I	J.	I
I	
53		Rotor beds by lake 3	
54 I	(Mt-,	

Rotors grass on right side of parkway toward round-about	

L	
55 j	t,j?	Rotor beds by round-about and lake	
56	0 Jl,	Sprays grass on corner of Shearwater Parkway and Archwood	I	:	
57 J	0	Jl	'	,	I	I	J I	I	I  5fl	
5s I	0	//,,,	Rotor beds by lake 4 and behind homes	I	I	
59  I	CJ 'Jl,	Rotor grass left side of lake 4 and behind homes	,	
60 J	ti> /1-..	Rotor grass left side of Shearwater pkwy by cart path by lake 4	r	I'	

61 1	o	/L Spray grass by cartpath next to zone 60
62	1.:J ()JC
I

i

I

.'//...

63 ./
64 .J

66 j
67 J
68  J
69 \)
70 ,1
71 .\

I

72 ·/
 73i
	14 I
  75
	16 I
77 ·/
  78 /
  79 .J
  80 I
  81
82 (
  83 lI
84)
85
86
87
88
89
90
91
92

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Spray beds left side of rd and back of lift station	I	J),.'.
Spray beds left side of rd and lift station Rotor beds left side of road and lift station
Sprays grass left side of road passed lift station and back of lift station	1 ,,5tf' I
Spraygrass/bedsjustbeforesandgrass	,)c,)Ve	C{r.5 •;_	- f)	p.Jr:o.';•\F"
Rotors beds by path before Sandgrass Spray beds entrance side of sandgrass
Spray beds on center median on Sandgrass	
Sprays beds to left of pond at end of Sandgrass Rotor grass by pond at end of Sandgrass
Spray grass by pond at end of Sandgrass

Spray beds to right of pond at end of Sandgrass
Sprays beds right side of sandgrass back by Shearwater pkwy	r2R,.,P /(t(' (""'	n e Cd,.,le, 
Spray beds passed sandgrass Trail

Spray grass by path passed Sandgrass Trail Rotor plants by path by lake passed Sungrass
Rotor grass close to round-about	  Spray grass by path close to round about
Mpr beds by bridge and liftstation
Rotor grass/beds by bridge and liftstation	)	,z,,
Sprays beds left side of cartpath and small islanf in front of lift station Sprays grass left and right of round-about	
Sprnys grass left side of Kayak club rd by sidewalk Sprays beds behind sidewalk by zone 85
Rotors grass behind sidewalk by zone 85
Rotors beds on corner of Kayak club and Seahill dr Rotor grass on cart path by bridge by lake
Spray beds passed bridge heading futher down path Spray grass passed zone 90
Rotor by zone 91

I

93	,	Spray zone down path passed zone 92	
94		Spray by zone 93	
95	r/,	Spray in park area by lake 2 next to clock	
96		Spray in park area by lake 2 next to clock	
97	,,I	Spray in park off cartpath by zone 93	
98		Spray in park off cartpath by zone 93	

I

Spray Report Customer: Verdego Property: Shearwater Date: 7/20/22
Area treated +/- 20 acres Total Gallons used: 3500 Product:
30-10-10 @ 8lbs per acre Ferrous Sulfate
Target for this application was to Improve overall health, growth and color of the of the turf.

Tab 9

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

Service Report

Date: July 12, 28, 29, 2022	Biologists: Jim Charles,	
	Shayne Wilford, Justin Powers	
Client: Trout Creek CDD		
Waterways: 24 ponds		
Entry Pond: Pond was an 8 (good condition). Water level is normal. Water fountain pillars look good.

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

Pond 1a: This pond was a 9 (very good condition). Water level is normal.

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

Treated pond for algae by boat. Also treated perimeter.

Pond 2a: This pond was a 7 (fair condition). Water level is normal. Checked fish barrier.

Pond 2b: This pond was a 6 (fair condition). Pond level is normal. Inspected fish barrier.

Treated pond for algae.

Pond 3a: This pond was a 7 (good condition). Water level is normal. Treated perimeter for alligator weed and torpedo grass by boat.

Pond 6: This pond was a 7 (fair condition). Water level is normal. Checked fish barrier. Perimeter treatment last month for torpedo grass had good results.

Treated pond for algae on the 28th.

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

Pond 7b: Pond was a 5 (poor condition). Water level is normal.

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

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

Pond 9b: Pond was an 8 (good condition). Water level is normal. Treatment last month for perimeter vegetation and algae had good results.

for algae.

Pond 10a: Pond was an 8 (good condition). Water level is good.

Pond 10d: Pond was a 5 (poor condition). Treated pond for algae.

grass, alligator weed and pennywort.

Pond 11b: Pond was in good condition. Water level is good. Perimeter treatment last month for torpedo grass and minor cattails had good results.

Pond 11c: Pond was a 6 (fair condition). Water level is normal. Treated for algae.

Pond 14: Pond was in good condition. Water level is good.

Pond 14b: Pond was in good condition. Water level is normal. Treated perimeter for torpedo grass and pennywort.

Jim Charles

Tab 10

RESOLUTION 2022-15

RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT EXPRESSING ITS INTENT TO UTILIZE THE UNIFORM METHOD OF LEVYING, COLLECTING, AND ENFORCING NON AD VALOREM ASSESSMENTS WHICH MAY BE LEVIED BY THE TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT IN ACCORDANCE WITH SECTION 197.3632, FLORIDA STATUTES; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Trout Creek Community Development District (“District”) was established pursuant to the provisions of Chapter 190, Florida Statutes, which authorizes the District to levy certain assessments which include benefit and maintenance assessments and further authorizes the District to levy special assessments pursuant to Chapter 170, Florida Statutes, for the acquisition, construction, or reconstruction of assessable improvements authorized by Chapter 190, Florida Statutes; and

WHEREAS, the above referenced assessments are non-ad valorem in nature and, therefore, may be collected under the provisions of Section 197.3632, Florida Statutes, in which the State of Florida has provided a uniform method for the levying, collecting, and enforcing such non-ad valorem assessments; and

WHEREAS, pursuant to Section 197.3632, Florida Statutes, the District has caused notice of a public hearing to be advertised weekly in a newspaper of general circulation within St. Johns County for four (4) consecutive weeks prior to such hearing.

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

SECTION 1. The Trout Creek Community Development District upon conducting its public hearing as required by Section 197.3632, Florida Statutes, hereby expresses its intent to use the uniform method of collecting assessments imposed by the District as provided in Chapters 170 and 190, Florida Statutes, each of which are non-ad valorem assessments which may be collected annually pursuant to the provisions of Chapter 190, Florida Statutes, for the purpose of paying principal and interest on any and all of its indebtedness and for the purpose of paying the cost of operating and maintaining its assessable improvements. The legal description of the boundaries of the real property subject to a levy of assessments is attached and made a part of this Resolution as Exhibit A. The non-ad valorem assessments and the District’s use of the uniform method of collecting its non-ad valorem assessment(s) may continue in any given year when the Board of Supervisors determines that use of the uniform method for that year is in the best interests of the District.

SECTION 2. The District’s Secretary is authorized to provide the Property Appraiser and Tax Collector of St. Johns County and the Department of Revenue of the State of Florida with a copy of this Resolution and enter into any agreements with the Property Appraiser and/or Tax Collector necessary to carry out the provisions of this Resolution.

SECTION 3. If any provision of this Resolution is held to be illegal or invalid, the other provisions shall remain in full force and effect.

SECTION 4. This Resolution shall become effective upon its passage and shall remain in effect unless rescinded or repealed.

PASSED AND ADOPTED this 17th day of August 2022.

ATTEST:	TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A:	Legal Description

Exhibit A

Legal Description

Tab 11

RESOLUTION 2022-16

THE ANNUAL APPROPRIATION RESOLUTION OF THE TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET(S) FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2022, AND ENDING SEPTEMBER 30, 2023; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2022, submitted to the Board of Supervisors (“Board”) of the Trout Creek Community Development District (“District”) proposed budget(s) (“Proposed Budget”) for the fiscal year beginning October 1, 2022 and ending September 30, 2023 (“Fiscal Year 2022/2023”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget, the District filed a copy of the Proposed Budget with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and

WHEREAS, the Board set a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the District Manager posted the Proposed Budget on the District’s website at
least two days before the public hearing; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1st of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year; and

WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.

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

SECTION 1.   BUDGET

The Board has reviewed the Proposed Budget, a copy of which is on file with the office of the District Manager and at the District’s Local Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.

The Proposed Budget, attached hereto as Exhibit “A,” as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes (“Adopted Budget”), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.

The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Trout Creek Community Development District for the Fiscal Year Ending September 30, 2023.”

The Adopted Budget shall be posted by the District Manager on the District’s official website within thirty (30) days after adoption, and shall remain on the website for at least 2 years.

SECTION 2.	APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2022/2023, the sum of $	 to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$		

DEBT SERVICE FUND SERIES 2018	
$		

DEBT SERVICE FUND SERIES 2020	
$		

DEBT SERVICE FUND SERIES 2022	
$		

RESERVE FUND(S)	
$		

TOTAL ALL FUNDS	
$		

SECTION 3.	BUDGET AMENDMENTS			

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2022/2023 or within 60 days following the end of the Fiscal Year 2022/2023 may amend its Adopted Budget for that fiscal year as follows:

A line-item appropriation for expenditures within a fund may be decreased or increased by motion of the Board recorded in the minutes, and approving the expenditure, if the total appropriations of the fund do not increase.

The District Manager or Treasurer may approve an expenditure that would increase or decrease a line-item appropriation for expenditures within a fund if the total appropriations of the fund do not increase and if either (i) the aggregate change in the original appropriation item does not exceed the greater of $15,000 or 15% of the original appropriation, or (ii) such expenditure is authorized by separate disbursement or spending resolution.

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

The District Manager or Treasurer must ensure that any amendments to the budget under paragraph c. above are posted on the District’s website within 5 days after adoption and remain on the website for at least 2 years.

SECTION 4. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 	 DAY OF 	, 2022.

ATTEST:	TROUT CREEK COMMUNITY
DEVELOPMENT DISTRICT

Secretary / Assistant Secretary		Chairperson/Vice	Chairperson,	Board	of	
		Supervisors				

Exhibit A:	FY 2022/2023 Budget

Exhibit A
Budget

Tab 12

RESOLUTION 2022-17

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2022/2023; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS, INCLUDING BUT NOT LIMITED TO PENALTIES AND INTEREST THEREON; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the 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, the District is located in St. Johns County, Florida (“County”); and

WHEREAS, the District has constructed or acquired various infrastructure improvements and provides certain services in accordance with the District’s adopted capital improvement plan and Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors (“Board”) of the District hereby determines to undertake various operations and maintenance and other activities described in the District’s budget (“Adopted Budget”) for the fiscal year beginning October 1, 2022 and ending September 30, 2023 (“Fiscal Year 2022/2023”), attached hereto as Exhibit “A;” and

WHEREAS, the District must obtain sufficient funds to provide for the operation and maintenance of the services and facilities provided by the District as described in the Adopted Budget; and

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

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

WHEREAS, it is in the best interests of the District to proceed with the imposition of the special assessments for operations and maintenance in the amount set forth in the Adopted Budget; and

WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect for Fiscal Year 2022/2023; and

WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to which such special assessments may be placed on the tax roll and collected by the local tax collector (“Uniform Method”), and the District has previously authorized the use of the Uniform Method by, among other things, entering into agreements with the Property Appraiser and Tax Collector of the County for that purpose; and

WHEREAS, it is in the best interests of the District to adopt the assessment roll (“Assessment Roll”) attached to this Resolution as Exhibit “B,” and to certify the portion of the Assessment Roll related to certain developed property (“Tax Roll Property”) to the County Tax Collector pursuant to the Uniform Method and to directly collect the portion of the Assessment Roll relating to the remaining property (“Direct Collect Property”), all as set forth in Exhibit “B;” and

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

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

SECTION 1.  BENEFIT & ALLOCATION FINDINGS. The provision of the services, facilities, and operations as described in Exhibit “A” confers a special and peculiar benefit to the lands within the District, which benefit exceeds or equals the cost of the assessments. The allocation of the assessments to the specially benefitted lands is shown in Exhibits “A” and “B,” and is hereby found to be fair and reasonable.

SECTION 2. ASSESSMENT IMPOSITION. Pursuant to Chapters 170, 190 and 197, Florida Statutes, and using the procedures authorized by Florida law for the levy and collection of special assessments, a special assessment for operation and maintenance is hereby imposed and levied on benefitted lands within the District and in accordance with Exhibits “A” and “B.” The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be effective upon passage of this Resolution. Moreover, pursuant to Section 197.3632(4), Florida Statutes, the lien amount shall serve as the “maximum rate” authorized by law for operation and maintenance assessments.

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, 2022; 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: 50% due no later than December 1, 2022, 25% due no later than February 1, 2023 and 25% due no later than May 1, 2023. 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 2022/2023, 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. ASSESSMENT ROLL. The Assessment Roll, attached to this Resolution as Exhibit “B,” is hereby certified for collection. That portion of the Assessment Roll which includes the Tax Roll Property is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County taxes. The proceeds therefrom shall be paid to the District.

SECTION 5.  Assessment Roll Amendment. The District Manager shall keep apprised of all updates made to the County property roll by the Property Appraiser after the date of this Resolution and shall amend the Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County property roll. After any amendment of the Assessment Roll, the District Manager shall file the updates in the District records.

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 17TH DAY OF AUGUST 2022.

ATTEST:	TROUT CREEK COMMUNITY
DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chair / Vice Chair, Board of Supervisors

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

Exhibit A
Budget

Exhibit B
Assessment Roll (Uniform Method) Assessment Roll (Direct Collect)

TAB 13

RESOLUTION 2022-18 [PHASE 2 AND PRESERVE]
A RESOLUTION OF THE BOARD OF SUPERVISORS OF TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING, CONFIRMING, AND APPROVING THE ACCEPTANCE OF DEDICATION OF PROPERTY AND IMPROVEMENTS; AUTHORIZING, CONFIRMING, AND APPROVING THE ASSIGNMENT OF CERTAIN EASEMENTS; AND ADDRESSING SEVERABILITY AND AN EFFECTIVE DATE.

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

WHEREAS, the Act authorizes the District to construct, acquire, operate and maintain public infrastructure improvements; and

WHEREAS, the District has adopted an improvement plan for the planning, design, acquisition, construction, and installation of certain infrastructure improvements, facilities and services within and without the boundaries of the District, which plan is detailed in the Engineer’s Report, dated November 4, 2014, as supplemented and amended (together, “Capital Improvement Plan” or “CIP”); and

WHEREAS, the District entered into various Agreements by and between the Trout Creek Community Development District and WFC Ashford Mills Owner VII, L.L.C., Regarding the Acquisition of Certain Work Product, Infrastructure and Real Property, in connection with each of its bond issuances which sets forth the process by which the District may acquire the improvements comprising the CIP (“Improvements”); and

WHEREAS, WFC Ashford Mills Owner VII, L.L.C. (“Developer”) presently owns certain common areas within Phase 2 and the area referred to as the Preserve located within the District (“Property”), and desires to dedicate the Property to the District at no cost; and

WHEREAS, because the District either constructed Improvements on the Property or already owns and operates improvements similar to the those on the Property in accordance with the Capital Improvement Plan, the District agrees to accept a dedication of the Property and assume operation and maintenance responsibilities for the same.

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

SECTION 1. AUTHORIZING,	CONFIRMING,	AND	APPROVING	THE ACCEPTANCE OF DEDICATION OF PROPERTY AND IMPROVEMENTS. The Board
of Supervisors (“Board”) hereby authorizes the dedication of the Property to the District at no cost to the District by the deed substantially in the form set forth in Exhibit A. Furthermore, the Board finds that the acceptance of such conveyance is hereby declared and affirmed as being in the best interests of the District and is hereby authorized, approved, and confirmed by the Board.

SECTION 2. AUTHORIZING,  CONFIRMING,  AND  APPROVING  THE
DEDICATION AND ASSIGNMENT OF CERTAIN EASEMENTS. The Board authorizes the dedication and assignment of drainage easements necessary to maintain the Property by easement agreement substantially in the form set forth in Exhibit B. Furthermore, the acceptance of documents relating to such dedication or assignment is hereby declared and affirmed as being in the best interests of the District is hereby authorized, approved, and confirmed by the Board. The Chairman or Vice-Chairman is authorized to take such action necessary to effectuate the dedication and assignment of drainage easements.

SECTION 3. SEVERABILITY. If any provision of this Resolution is held to be illegal or invalid, the other provisions shall remain in full force and effect.

SECTION 4. EFFECTIVE DATE. This Resolution shall become effective upon its adoption.

PASSED AND ADOPTED this 17th day of August, 2022.

ATTEST:	TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A:   Form of Deed
Exhibit B:   Forms of Easement Agreement & Assignment of Easements

Exhibit A:
Forms of Deed
.

Exhibit B
Forms of Easement Agreement & Assignment of Easements

This instrument was prepared by and upon recording should be returned to:

(This space reserved for Clerk)

Katie S. Buchanan, Esq. KUTAK ROCK LLP
107 W. College Avenue Tallahassee, Florida 32301

PERPETUAL, NON-EXCLUSIVE DRAINAGE EASEMENT AGREEMENT

This Easement Agreement (“Easement Agreement”) made as of this 	 day of August, 2022, by and between:

TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT, a local unit
of special-purpose government established pursuant to Chapter 190, Florida Statutes, being situated in St. Johns County, Florida, and whose address is 2806
N. 5th Street, Unit 403, St. Augustine, Florida 32084 (“District”); and

WFC ASHFORD MILLS OWNER VII, L.L.C., a Delaware limited liability company, and landowner within the District with an address at 500 Boylston Street, Suite 2010, Boston, Massachusetts 02116 (“Landowner”).

WITNESSETH:

WHEREAS, the District was established by ordinance adopted by Board of County Commissioners of St. Johns County, Florida, pursuant to the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (“Act”) and is validly existing under the Constitution and laws of the State of Florida; and

Whereas, the Act authorizes the District to finance, fund, plan, establish, acquire, construct or reconstruct, enlarge or extend, equip, operate, and maintain certain systems, facilities, and basic infrastructure within or without the boundaries of the District; and

WHEREAS, Landowner is the fee owner of certain, specific portions of the lands within the District, which lands are more particularly described in Exhibit A attached hereto and by this reference incorporated herein (all portions collectively known as the “Easement Property”); and

Whereas, the District desires to obtain a perpetual, non-exclusive drainage and flowage easement on, over, under, and across the Easement Property; and

Whereas, Landowner has agreed to grant such Easement subject to the terms and conditions herein provided.

Now, Therefore, for and in consideration of the foregoing premises, the mutual agreement of the parties hereto, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

RECITALS. The foregoing recitals are true and correct and by this reference are incorporated as a material part of this Easement Agreement.

GRANT OF EASEMENT. Landowner hereby grants unto the District, its successors and assigns, in perpetuity, a non-exclusive easement for the purposes of water drainage, management, and control on, in, over, under, upon, and through the Easement Property, together with the right of ingress and egress over, across, upon, and through the Easement Property for purposes of effectuating this grant of easement, as well as, any necessary construction, maintenance, repair, installation, or reconstruction which is deemed necessary or desirable by the District. Landowner shall have no obligation to maintain or improve the Easement Property. THE DISTRICT ACCEPTS THE CURRENT AND FUTURE CONDITION OF THIS EASEMENT PROPERTY “AS IS,” “WHERE IS” AND “WITH ALL FAULTS”, AND LANDOWNER MAKES NO EXPRESS OR IMPLIED WARRANTIES OF ANY KIND WHATSOEVER REGARDING THE EASEMENT PROPERTY AND DISTRICT HAS NOT RELIED UPON ANY WARRANTIES OF ANY KIND MADE BY LANDOWNER.

INCONSISTENT USE. Landowner agrees and covenants that it shall not grant or exercise any rights in the Easement Property inconsistent with, or which interfere with, the rights herein accorded to the District, in any material respect. Notwithstanding the foregoing or anything else to the contrary herein, Landowner expressly reserves (A) the right to use the Easement Property for construction of roadways and landscaping improvements and for any activities that may be necessary for the purposes of complying with any applicable permits or laws; and (B) the right to convey to others the right to use all or part of the Easement Property in conjunction with the District, provided no use by others materially interferes with the uses of the District.

This Easement is being made by Landowner and accepted by District subject to all valid and presently existing recorded encumbrances on the Easement Property.

Indemnification.

Landowner agrees to indemnify and hold the District harmless from and against any and all damages, losses, or claims, including but not limited to, reasonable legal fees and expenses, to the extent that such damages, losses, or claims directly result from the negligent use of the Easement Property by Landowner, its agents, employees, or independent contractors.

To the extent allowed by law, the District agrees to indemnify and hold Landowner harmless from and against any and all damages, losses, or claims, including but not limited to, reasonable legal fees and expenses, to the extent that such damages, losses, or claims directly result from the negligent use of the Easement Property by the District, its agents, or employees, or independent contractors.

Landowner agrees that nothing contained in this Easement Agreement shall constitute or be construed as a waiver of the District’s limitations on liability set forth in Section 768.28, Florida Statutes, and other law.

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

DEFAULT. A default by either party under this Easement Agreement shall entitle the other to all remedies available at law or in equity, which may include, but not be limited to, the right of actual damages, injunctive relief, and specific performance.

Enforcement of Agreement.  In the event that either the District or Landowner seeks to enforce this Easement Agreement by court proceedings or otherwise, then the prevailing party shall be entitled to recover all fees and costs incurred, including reasonable attorneys' fees and costs for trial, alternative dispute resolution, or appellate proceedings.

NOTICES. Any notice, demand, consent, authorization, request, approval or other communication that any party is required, or may desire, to give to or make upon the other party pursuant to this Agreement shall be effective and valid only if in writing, signed by the party giving notice and delivered personally to the other parties or sent by express 24-hour guaranteed courier or delivery service or by certified mail of the United States Postal Service, postage prepaid and return receipt requested, addressed to the other party as follows (or to such other place as any party may by notice to the others specify):

A.	If to the District:	Trout Creek Community Development District
2806 N. Fifth Street, Unit 403 St. Augustine, Florida 32804 Attn: District Manager	
	With a copy to:	Kutak Rock LLP
107 W. College Avenue Tallahassee, Florida 32301 Attn: Katie S. Buchanan	
B.	If to the Landowner:	WFC Ashford Mills Owner VII, L.L.C. c/o 500 Boylston Street, Suite 2010
Boston, MA 02116
Attn: Jesse Baker and Casey Tischer	
	With a copy to:	FCM FL, LLC
352 Paseo Reyes Drive Saint Augustine, FL 32095 Attn: Mike McCollum	

Notice shall be deemed given when received, except that if delivery is not accepted, notice shall be deemed given on the date of such non-acceptance. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving notice would otherwise expire on a non-business day, the notice period shall be extended to the next succeeding business day. Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the District and counsel for Landowner may deliver Notice on behalf of the District and Landowner.

THIRD PARTIES. This Easement Agreement is solely for the benefit of the District and Landowner, and no right or cause of action shall accrue upon or by reason, to or for the benefit of any third party not a formal party to this Easement Agreement. Nothing in this Easement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the District and Landowner any right, remedy, or claim under or by reason of this Easement Agreement or any of the provisions or conditions of this Easement Agreement. The District shall be solely responsible for enforcing its rights under this Easement Agreement against any interfering third party. Nothing contained in this Easement Agreement shall limit or impair the District’s right to protect its rights from interference by a third party.

ASSIGNMENT. Except for as provided elsewhere herein, neither of the parties hereto may assign, transfer or license all or any portion of its rights under this Easement Agreement without the written consent of the other party, such consent not to be unreasonably conditioned, delayed or withheld.

Controlling Law and Venue. This Easement Agreement shall be construed, interpreted, and controlled according to the laws of the State of Florida. The parties agree and consent to venue in St. Johns County, Florida, for the resolution of any dispute, whether brought in or out of court, arising out of this Easement Agreement.

PUBLIC RECORDS. Landowner understands and agrees that all documents of any kind provided to the District in connection with this Easement Agreement shall be treated as public records in accordance with Florida law.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Easement Agreement shall not affect the validity or enforceability of the remaining portions of this Easement Agreement, or any part of this Easement Agreement not held to be invalid or unenforceable.

BINDING EFFECT. This Easement Agreement and all of the provisions, representations, covenants, and conditions contained herein shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns.

AUTHORIZATION. By execution below, the undersigned represent that they have been duly authorized by the appropriate body or official of their respective entity to execute this

Easement Agreement, and that the respective parties have complied with all the requirements of law, and have full power and authority to comply with the terms and provisions of this instrument.

AMENDMENTS. Amendments to and waivers of the provisions contained in this Easement Agreement may be made only by an instrument in writing which is executed by both the District and Landowner.

ENTIRE AGREEMENT. This instrument shall constitute the final and complete expression of the agreement between the parties relating to the subject matter of this Easement Agreement.

[Remainder of page left intentionally blank]

In witness whereof, the parties have caused this instrument to be executed by their duly authorized officers effective as of the day and year first above written.

Signed, Sealed and Delivered	WFC ASHFORD MILLS OWNER VII, L.L.C.,
in Our Presence:	a Delaware limited liability company

By: WFC Ashford Mills Holdings JV VII, L.L.C.,
a Delaware limited liability company,	
Printed Name:		its Sole Member				
By: FCA Ashford, LLC,	
Printed Name:		a	Delaware	limited	liability	company,	
	its Administrative Member		
		By: 		
		Name: 		
		Title: Authorized Signatory	

STATE OF MASSACHUSETTS

KNOW ALL MEN BY THESE PRESENTS

COUNTY OF SUFFOLK

Before me, the undersigned authority, on this day personally appeared 	, known to me to be the Authorized Signatory of FCA Ashford, LLC, the Administrative Member of WFC Ashford Mills Holdings JV VII, L.L.C., the Sole Member of WFC Ashford Mills Owner VII, L.L.C. on behalf of said limited liability company and acknowledged to me that he executed the same for the purposes and consideration therein expressed, in the capacity therein stated.

GIVEN UNDER MY HAND AND SEAL of office this 	day of August, 2022.

Notary Public in and for the State of Massachusetts My Commission expires on: 	

WITNESSES:	TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT	

Witness Signature
Printed Name:		

	Chairperson, Board of Supervisors	
Witness Signature
Printed Name:			

STATE OF FLORIDA
COUNTY OF 			

I hereby certify that on this day, before me, an officer duly authorized to take acknowledgments, personally appeared 	, Chairperson of the Trout Creek Community Development District, who executed the foregoing instrument, acknowledged before me that he executed the same on behalf of the foregoing entity and was identified in the manner indicated below.

Witness my hand and official seal in the County of 	 and State of Florida this
	 day of August, 2022.

Notary Public

Personally known: 	 Produced Identification: 		 Type of Identification: 	 

Exhibit A:	Easement Property

EXHIBIT A

ALL DRAINAGE EASEMENTS SHOWN ON THE PLAT OF SHEARWATER PHASE 2A, ACCORDING TO THE PLAT THEREOF AS RECORDED IN PLAT BOOK 89, PAGES 1 THROUGH 17, OF THE OFFICIAL RECORDS OF ST. JOHNS COUNTY, FLORIDA.

ALL DRAINAGE EASEMENTS SHOWN ON THE PLAT OF SHEARWATER PHASE 2B EAST, ACCORDING TO THE PLAT THEREOF AS RECORDED IN PLAT BOOK 93, PAGES 9 THROUGH 17, OF THE OFFICIAL RECORDS OF ST. JOHNS COUNTY, FLORIDA.

ALL DRAINAGE EASEMENTS SHOWN ON THE PLAT OF SHEARWATER PHASE 2C, ACCORDING TO THE PLAT THEREOF AS RECORDED IN PLAT BOOK 96, PAGES 40 THROUGH 52, OF THE OFFICIAL RECORDS OF ST. JOHNS COUNTY, FLORIDA.

ALL DRAINAGE EASEMENTS SHOWN ON THE PLAT OF SHEARWATER PHASE 2D, ACCORDING TO THE PLAT THEREOF AS RECORDED IN PLAT BOOK 101, PAGES 16 THROUGH 34, OF THE OFFICIAL RECORDS OF ST. JOHNS COUNTY, FLORIDA.

ALL DRAINAGE EASEMENTS SHOWN ON THE PLAT OF SHEARWATER PHASE 2E, ACCORDING TO THE PLAT THEREOF AS RECORDED IN PLAT BOOK 102, PAGES 85 THROUGH 94, OF THE OFFICIAL RECORDS OF ST. JOHNS COUNTY, FLORIDA.

PREPARED BY AND RETURN TO:

Katie S. Buchanan, Esq. KUTAK ROCK LLP
113 South Monroe Street Tallahassee, Florida 32301

Consideration: None/Gift of Common Areas Documentary Stamp Taxes: See Legend Below

SPECIAL WARRANTY DEED

[Common Areas Phases 2A, 2B, 2C, 2D and 2E]

THIS SPECIAL WARRANTY DEED is made this   day of 	, 20221, by WFC ASHFORD MILLS OWNER VII, L.L.C., whose address is 500 Boylston Street, Suite 1870, Boston, MA 02116, hereinafter called the “Grantor,” to TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT, a special purpose unit of local government established under Chapter 190 of the Florida Statutes, whose address 2806 N. 5th Street, Unit 403, St. Augustine, Florida 32084, hereinafter called the “Grantee.”

(Wherever used herein the terms “Grantor” and “Grantee” include all of the parties to this instrument and the heirs, legal representatives and assigns of individuals, and the successors and assigns of corporations or governmental entities.)

W I T N E S S E T H:

Grantor, for and in consideration of the sum of Ten and No/100 U.S. Dollars ($10.00), and other good and valuable consideration to it in hand paid by Grantee, the receipt whereof is hereby acknowledged, has granted, bargained and conveyed to Grantee, and Grantee’s successors and assigns, forever, the land lying and being in the County of St. Johns, State of Florida, as more particularly described below (hereinafter, the “Property”):

Rights-of-way designated as Shearwater Parkway, Anclote Way, Appian Avenue, Ashbury Street, Beal Avenue, Bleeker Court, Bowery Avenue, Dalton Circle, Lombard Way, Falls Drive, Peacock Street, Watling Drive, and Windley Drive, Shearwater Phase 2A, according to the plat thereof as recorded in Plat Book 89, Pages 1 through 17, of the Official Records of St. Johns County, Florida.

Tracts 2A-47, 2A-48, 2A-49, 2A-50, 2A-51, 2A-52, 2A-57, 2A-58, 2A-63, and 2A-
65 (Open Space), Tract 2A-59 (Park and Open Space), Tracts 2A-53, 2A-54, 2A-55, 2A-56 (Storm Water Management Facility and Open Space), and Tract 2A-62 (Utility) Shearwater Phase 2A, according to the plat thereof as recorded in Plat Book 89, Pages 1 through 17, of the Official Records of St. Johns County, Florida.

Rights-of-way designated as Anclote Way, Grady Court, Permit Court, Totten Way, and Windley Drive, Shearwater Phase 2B, according to the plat thereof as recorded in Plat Book 93, Pages 9 through 17, of the Official Records of St. Johns County, Florida.

Tract 2B-27 (Storm Water Management Facility and Open Space), Shearwater Phase 2B, according to the plat thereof as recorded in Plat Book 93, Pages 9 through 17, of the Official Records of St. Johns County, Florida.

Rights-of-way designated as Agate Court, Alvarado Court, Appian Avenue, Appleton Court, Belinda Court, Big Cat Court, Boylston Court, Bowery Avenue, Cobalt Lane, Dade Court, Felasco Way, Lombard Way, Longtail Drive, Luna Drive, Luke Drive, Sapphire Lane, Shearwater Parkway, Viceroy Court, Vineyard Way, and Yeti Court, Shearwater Phase 2C, according to the plat thereof as recorded in Plat Book 96, Pages 40 through 52, of the Official Records of St. Johns County, Florida.

Tracts 2C-21 and 2C-25 (Storm Water Management Facility), Tracts 2C-20, 2C-22, 2C-23, 2C-24, 2C-27, 2C-28, 2C-30, 2C-31, 2C-32, 2C-33, 2C-34, 2C-35, 2C-36,
2C-37, 2C-38, 2C-41, 2C-42, 2C-43, 2C-44 (Open Space), and 2C-29 (Park),
Shearwater Phase 2C, according to the plat thereof as recorded in Plat Book 96, Pages 40 through 52, of the Official Records of St. Johns County, Florida.

Rights-of-way designated as Bluebonnet Way, Crescendo Avenue, Field Drive, Gilchrist Way, Ion Way, Ladson Court, Ridgewind Drive, Sadler Court, Shearwater Parkway, Tilden Court, Windley Drive and Windswept Way, Shearwater Phase 2D, according to the plat thereof as recorded in Plat Book 101, Pages 16 through 34, of the Official Records of St. Johns County, Florida.

Tracts 2D-13, 2D-14, 2D-15, 2D-16 and 2D-17 (Storm Water Management Facility), Tracts 2D-18, 2D-19, 2D-20, 2D-21, 2D-22, 2D-23, 2D-24, 2D-25, and 2D-26 (Open
Space), Shearwater Phase 2D, according to the plat thereof as recorded in Plat Book 101, Pages 16 through 34, of the Official Records of St. Johns County, Florida.

Rights-of-way designated as Breakers Court, Felasco Way, Magdaleno Court, Sumter Place, Vineyard Way and Windley Drive, Shearwater Phase 2E, according to the plat thereof as recorded in Plat Book 102, Pages 85 through 94, of the Official Records of St. Johns County, Florida.

Tracts 2E-32, 2E-33, and 2E-34 (Stormwater Management Facility), and Tract 2E-36 (Open Space), Shearwater Phase 2E, according to the plat thereof as recorded in Plat Book 102, Pages 85 through 94, of the Official Records of St. Johns County, Florida.

SUBJECT, HOWEVER, to all matters, restrictions, easements, encumbrances, limitations, reservations and covenants of record, if any, but this reference shall not operate to reimpose the same, together with taxes for 20221 and subsequent years (if any), and all applicable governmental,

zoning and land use regulations.

TOGETHER, with all tenements, hereditaments, and appurtenances thereto belonging or in any way appertaining.

TO HAVE AND TO HOLD unto Grantee and Grantee’s successors and assigns in fee simple forever.

Grantor hereby specially warrants the title to the Property subject to the above-referenced encumbrances and restrictions and will defend the same against the lawful claims of all persons claiming by, through or under Grantor, but no others.

[CONTINUED ON NEXT PAGE]

IN WITNESS WHEREOF, the Grantor has hereunto set its hand and seal the day and year first above written.

Signed, Sealed and Delivered	WFC ASHFORD MILLS OWNER VII, L.L.C., a	
in Our Presence:	Delaware limited liability company			
By: WFC Ashford Mills Holdings JV VII,	
L.L.C., a Delaware limited liability company,	
Printed Name:		its Sole Member				
By: FCA Ashford, LLC, a Delaware	
Printed Name:		limited	liability	company,	its	
	Administrative Member		
	By: 		
	Name: 		
	Title: Authorized Signatory	

STATE OF MASSACHUSETTS

KNOW ALL MEN BY THESE PRESENTS

COUNTY OF SUFFOLK

Before me, the undersigned authority, on this day personally appeared 	, known to me to be the Authorized Signatory of FCA Ashford, LLC, the Administrative Member of WFC Ashford Mills Holdings JV VII, L.L.C., the Sole Member of WFC Ashford Mills Owner VII, L.L.C. on behalf of said limited liability company and acknowledged to me that he executed the same for the purposes and consideration therein expressed, in the capacity therein stated.

GIVEN UNDER MY HAND AND SEAL of office this 	day of 	, 20221.

Notary Public in and for the State of Massachusetts My Commission expires on: 	

Note to Examiner: This instrument evidences a conveyance of an interest in unencumbered real estate as a gift and is exempt from Florida documentary stamp tax pursuant to Rule 12B- 4.014(2)(a) Florida Administrative Code.

-4-

PREPARED BY AND RETURN TO:

Katie S. Buchanan, Esq. KUTAK ROCK LLP
113 South Monroe Street Tallahassee, Florida 32301

Consideration: None/Gift of Common Areas Documentary Stamp Taxes: See Legend Below

SPECIAL WARRANTY DEED

[Preserve Areas]

THIS SPECIAL WARRANTY DEED is made this    day of 	, 2022, by WFC ASHFORD MILLS OWNER VII, L.L.C., whose address is 500 Boylston Street, Suite 1870, Boston, MA 02116, hereinafter called the “Grantor,” to TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT, a special purpose unit of local government established under Chapter 190 of the Florida Statutes, whose address 2806 N. 5th Street, Unit 403, St. Augustine, Florida 32084, hereinafter called the “Grantee.”

(Wherever used herein the terms “Grantor” and “Grantee” include all of the parties to this instrument and the heirs, legal representatives and assigns of individuals, and the successors and assigns of corporations or governmental entities.)

W I T N E S S E T H:

Grantor, for and in consideration of the sum of Ten and No/100 U.S. Dollars ($10.00), and other good and valuable consideration to it in hand paid by Grantee, the receipt whereof is hereby acknowledged, has granted, bargained and conveyed to Grantee, and Grantee’s successors and assigns, forever, the land lying and being in the County of St. Johns, State of Florida, as more particularly described in Exhibit A attached hereto and incorporated herein by reference (hereinafter, the “Property”).

SUBJECT, HOWEVER, to all matters, restrictions, easements, encumbrances, limitations, reservations and covenants of record, if any, but this reference shall not operate to reimpose the same, together with taxes for 2022 and subsequent years (if any), and all applicable governmental, zoning and land use regulations.

TOGETHER, with all tenements, hereditaments, and appurtenances thereto belonging or in any way appertaining.

TO HAVE AND TO HOLD unto Grantee and Grantee’s successors and assigns in fee simple forever.

Grantor hereby specially warrants the title to the Property subject to the above-referenced encumbrances and restrictions and will defend the same against the lawful claims of all persons claiming by, through or under Grantor, but no others.

IN WITNESS WHEREOF, the Grantor has hereunto set its hand and seal the day and year first above written.

Signed, Sealed and Delivered	WFC ASHFORD MILLS OWNER VII, L.L.C., a	
in Our Presence:	Delaware limited liability company			
By: WFC Ashford Mills Holdings JV VII,	
L.L.C., a Delaware limited liability company,	
Printed Name:		its Sole Member				
By: FCA Ashford, LLC, a Delaware	
Printed Name:		limited	liability	company,	its	
	Administrative Member		
	By: 		
	Name: 		
	Title: Authorized Signatory	

STATE OF MASSACHUSETTS

KNOW ALL MEN BY THESE PRESENTS

COUNTY OF SUFFOLK

Before me, the undersigned authority, on this day personally appeared 	, known to me to be the Authorized Signatory of FCA Ashford, LLC, the Administrative Member of WFC Ashford Mills Holdings JV VII, L.L.C., the Sole Member of WFC Ashford Mills Owner VII, L.L.C. on behalf of said limited liability company and acknowledged to me that he executed the same for the purposes and consideration therein expressed, in the capacity therein stated.

GIVEN UNDER MY HAND AND SEAL of office this 	day of 	, 2021.

Notary Public in and for the State of Massachusetts My Commission expires on: 	

Note to Examiner: This instrument evidences a conveyance of an interest in unencumbered real estate as a gift and is exempt from Florida documentary stamp tax pursuant to Rule 12B-

4.014(2)(a) Florida Administrative Code.

EXHIBIT A

PLATTED TRACTS TO BE CONVEYED TO THE CDD
PARCEL A:
TRACTS 2, 2A, 12, 18, 20, 21, AND 22 AS SHOWN ON 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,
TOGETHER WITH:
PARCEL B:
TRACTS 4, 16, 17 AND 18 AS SHOWN ON 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,
TOGETHER WITH:
PARCEL C:
TRACT 6 AS SHOWN ON 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
LESS AND EXCEPT:
HOA TRACT "A"
A PORTION OF TRACT 6, AS SHOWN ON 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, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGIN AT THE SOUTHWEST CORNER OF SAID TRACT 6, SAID CORNER BEING ON THE EASTERLY RIGHT OF WAY OF GLENNEYRE CIRCLE, A 60 FOOT PRIVATE RIGHT OF WAY PER SAID PLAT OF SHEARWATER PHASE 1B WEST; THENCE NORTHERLY, ALONG SAID EASTERLY RIGHT OF WAY AND ALONG AND AROUND THE ARC OF A CURVE LEADING NORTHERLY, CONCAVE WESTERLY, HAVING A RADIUS OF 830.00 FEET, AN ARC DISTANCE OF 40.00 FEET, SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF NORTH 02°54'52" WEST, 40.00 FEET, TO THE SOUTHERLY LINE OF LOT 423, AS SHOWN ON THE PLAT OF SHEARWATER PHASE 1B WEST-5, AS RECORDED IN MAP BOOK 87, PAGES 81 THROUGH 84, INCLUSIVE, OF SAID PUBLIC RECORDS ALSO BEING A NORTHERLY LINE OF SAID TRACT 6; THENCE NORTH 87°05'08" EAST, ALONG LAST SAID LINE, 135.03 FEET; THENCE SOUTH 02°54'52" EAST, 23.94 FEET; THENCE SOUTH 40°08'33" WEST, 21.98 FEET, TO THE SOUTHERLY LINE OF LOT 423, AS SHOWN ON THE PLAT OF SHEARWATER PHASE 1B WEST-7, AS RECORDED IN MAP BOOK 91, PAGES 33 THROUGH 39, INCLUSIVE, OF SAID PUBLIC RECORDS ALSO BEING A SOUTHERLY LINE OF SAID TRACT 6; THENCE SOUTH 87°05'08" WEST, ALONG LAST SAID LINE 120.03 FEET, TO THE POINT OF BEGINNING.
CONTAINING 0.12 ACRES, MORE OR LESS.

PARCEL C CONTAINING A NET OF 0.82 ACRES, MORE OR LESS. PARCEL D:
TRACT 7 AS SHOWN ON 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
LESS AND EXCEPT:
HOA TRACT "B"
A PORTION OF TRACT 7, AS SHOWN ON 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, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGIN AT THE NORTHWEST CORNER OF LOT 378, AS SHOWN ON THE PLAT OF SHEARWATER PHASE 1B WEST-7, AS RECORDED IN MAP BOOK 91, PAGES 33 THROUGH 39, INCLUSIVE, OF SAID PUBLIC RECORDS; THENCE SOUTH 08°09'44" WEST, ALONG THE WESTERLY LINE OF SAID LOT 378, A DISTANCE OF 120.26 FEET; THENCE SOUTH 60°02'07" WEST, 45.57 FEET, TO THE EASTERLY LINE OF LOT 379, AS SHOWN ON THE PLAT OF SHEARWATER PHASE 1B WEST-4, AS RECORDED IN MAP BOOK 86, PAGES 92 THROUGH 95, INCLUSIVE, OF SAID PUBLIC RECORDS; THENCE NORTH 07°33'49" EAST, ALONG LAST SAID LINE, 148.21 FEET, TO THE SOUTHERLY RIGHT OF WAY OF GLENNEYRE CIRCLE, A 60 FOOT PRIVATE RIGHT OF WAY PER SAID PLAT OF SHEARWATER PHASE 1B WEST AND THE ARC OF A CURVE LEADING EASTERLY; THENCE EASTERLY, ALONG AND AROUND THE ARC OF SAID CURVE, CONCAVE NORTHERLY, HAVING A RADIUS OF 250.00 FEET, AN ARC DISTANCE OF 37.43 FEET, SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF SOUTH 82°08'14" EAST, 37.40 FEET, TO THE POINT OF BEGINNING.
CONTAINING 0.11 ACRES, MORE OR LESS.
PARCEL D CONTAINING A NET OF 0.88 ACRES, MORE OR LESS. TOGETHER WITH:
PARCEL E:
TRACTS 2A-42, 2A-43, 2A-44, 2A-45, 2A-46, AND 2A-64, AS SHOWN ON THE PLAT OF SHEARWATER PHASE 2A, AS RECORDED IN MAP BOOK 81, PAGES 1 THROUGH 17, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA,
TOGETHER WITH:
PARCEL F:
TRACT 2B-28, AS SHOWN ON 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,
TOGETHER WITH: PARCEL G:

TRACTS 2C-39 AND 2C-40, AS SHOWN ON 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,
TOGETHER WITH:
PARCEL H:
TRACT 2D-25, 2D-27, AND 2D-28, AS SHOWN ON 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,
TOGETHER WITH:
PARCEL I:
TRACT 2E-35, AS SHOWN ON 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,
TOGETHER WITH:
PARCEL J:
TRACT 3A-26, AS SHOWN ON THE PLAT OF SHEARWATER PHASE 3A, AS RECORDED IN MAP BOOK 107, PAGES 65 THROUGH 79, INCLUSIVE OF THE PUBLIC RECORDS OF ST. JOHNS COUNTY, FLORIDA,

CDD CONVEYANCE PARCEL NO. 1

A PORTION OF SECTIONS 26 AND 35, TOWNSHIP 5 SOUTH, RANGE 27 EAST, ALL IN ST. JOHNS COUNTY, FLORIDA, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCE AT THE NORTHWEST CORNER OF SAID SECTION 26, ALSO BEING THE SOUTHWEST CORNER OF THE PLAT OF TROUT CREEK, AS RECORDED IN MAP BOOK 14, PAGES 64 THROUGH 65, INCLUSIVE OF THE PUBLIC RECORDS OF SAID COUNTY; THENCE SOUTH 89°14'47" EAST, ALONG THE NORTHERLY LINE OF SAID SECTION 26 AND ALONG THE SOUTHERLY LINE OF SAID TROUT CREEK, A DISTANCE OF 2487.56 FEET, TO THE WESTERLY LINE OF THOSE LANDS DESCRIBED AND RECORDED IN OFFICIAL RECORDS 2314, PAGE 685, OF SAID PUBLIC RECORDS AND THE POINT OF BEGINNING; THENCE SOUTHERLY, SOUTHWESTERLY, WESTERLY, AND SOUTHEASTERLY, ALONG THE SOUTHERLY LINE OF SAID LANDS, RUN THE FOLLOWING FOUR (4) COURSES AND DISTANCES: COURSE NO. 1: SOUTH 03°40'49" EAST, 43.80 FEET; COURSE NO. 2: SOUTH
62°53'31" WEST, 298.06 FEET; COURSE NO. 3: SOUTH 72°14'21" WEST, 61.00 FEET; COURSE NO. 4: SOUTH 76°00'30" WEST, 60.03 FEET, TO THE EASTERLY LINE OF THE PLAT OF SHEARWATER PHASE 1, AS RECORDED IN MAP BOOK 76, PAGES 16 THROUGH 38, INCLUSIVE, OF SAID PUBLIC RECORDS; THENCE SOUTHEASTERLY, EASTERLY, NORTHEASTERLY, SOUTHERLY, SOUTHWESTERLY, AND NORTHERLY, ALONG THE EASTERLY LINE OF SAID PLAT OF SHEARWATER PHASE 1, RUN THE FOLLOWING TWENTY-ONE (21) COURSES AND DISTANCES: COURSE NO. 1: SOUTH 59°12'32" EAST, 49.69

FEET; COURSE NO. 2: SOUTH 81°36'49" EAST, 87.53 FEET, TO THE ARC OF A CURVE LEADING EASTERLY; COURSE NO. 3: EASTERLY, ALONG AND AROUND THE ARC OF SAID CURVE, CONCAVE SOUTHERLY, HAVING A RADIUS OF 77.00 FEET, AN ARC DISTANCE OF
141.44 FEET, SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF NORTH 81°28'02" EAST, 122.37 FEET; COURSE NO. 4: NORTH 44°05'18" EAST, 5.00 FEET; COURSE NO. 5: NORTH 87°40'48" EAST, 113.60 FEET, TO THE ARC OF A CURVE LEADING SOUTHERLY; COURSE NO. 6: SOUTHERLY, ALONG AND AROUND THE ARC OF SAID CURVE, CONCAVE WESTERLY, HAVING A RADIUS OF 182.00 FEET, AN ARC DISTANCE OF
164.54 FEET, SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF SOUTH 05°28'51" WEST, 159.00 FEET; COURSE NO. 7: SOUTH 31°22'51" WEST, 112.99 FEET; COURSE NO. 8: SOUTH 58°37'09" EAST, 48.13 FEET, TO THE POINT OF CURVATURE OF A CURVE LEADING SOUTHERLY; COURSE NO. 9: SOUTHERLY, ALONG AND AROUND THE ARC OF SAID CURVE, CONCAVE WESTERLY, HAVING A RADIUS OF 65.00 FEET, AN ARC DISTANCE OF 92.84 FEET, SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF SOUTH 17°42'04" EAST, 85.15 FEET, TO THE POINT OF TANGENCY OF SAID CURVE; COURSE NO. 10: SOUTH 23°13'00" WEST, 45.45 FEET, TO THE POINT OF CURVATURE OF A CURVE LEADING SOUTHERLY; COURSE NO. 11: SOUTHERLY, ALONG AND AROUND THE ARC OF SAID CURVE, CONCAVE EASTERLY, HAVING A RADIUS OF
25.00 FEET, AN ARC DISTANCE OF 13.54 FEET, SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF SOUTH 07°41'50" WEST, 13.38 FEET, TO THE POINT OF TANGENCY OF SAID CURVE; COURSE NO. 12: SOUTH 07°49'19" EAST, 50.35 FEET, TO THE POINT OF CURVATURE OF A CURVE LEADING SOUTHWESTERLY; COURSE NO. 13: SOUTHWESTERLY, ALONG AND AROUND THE ARC OF SAID CURVE, CONCAVE NORTHWESTERLY, HAVING A RADIUS OF 75.00 FEET, AN ARC DISTANCE OF 106.37 FEET, SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF SOUTH 32°48'36" WEST, 97.68 FEET, TO THE POINT OF TANGENCY OF SAID CURVE; COURSE NO. 14: SOUTH 73°26'30" WEST, 27.85 FEET, TO THE POINT OF CURVATURE OF A CURVE LEADING SOUTHWESTERLY; COURSE NO. 15: SOUTHWESTERLY, ALONG AND AROUND THE ARC OF SAID CURVE, CONCAVE SOUTHEASTERLY, HAVING A RADIUS OF 25.00 FEET, AN ARC DISTANCE OF 26.46 FEET, SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF SOUTH 43°06'56" WEST, 25.25 FEET, TO THE POINT OF TANGENCY OF SAID CURVE; COURSE NO. 16: SOUTH 12°47'22" WEST, 136.16 FEET, TO THE POINT OF CURVATURE OF A CURVE LEADING SOUTHERLY; COURSE NO. 17: SOUTHERLY, ALONG AND AROUND THE ARC OF SAID CURVE, CONCAVE EASTERLY, HAVING A RADIUS OF
25.00 FEET, AN ARC DISTANCE OF 10.09 FEET, SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF SOUTH 01°13'29" WEST, 10.02 FEET, TO THE POINT OF TANGENCY OF SAID CURVE; COURSE NO. 18: SOUTH 10°20'24" EAST, 54.54 FEET, TO THE POINT OF CURVATURE OF A CURVE LEADING SOUTHERLY; COURSE NO. 19: SOUTHERLY, ALONG AND AROUND THE ARC OF SAID CURVE, CONCAVE WESTERLY, HAVING A RADIUS OF 75.00 FEET, AN ARC DISTANCE OF 53.83 FEET, SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF SOUTH 10°13'16" WEST, 52.68 FEET, TO THE POINT OF TANGENCY OF SAID CURVE; COURSE NO. 20: SOUTH 30°46'55" WEST, 85.20 FEET, TO THE POINT OF CURVATURE OF A CURVE LEADING SOUTHWESTERLY; COURSE NO. 21: SOUTHWESTERLY, ALONG AND AROUND THE ARC OF SAID CURVE, CONCAVE NORTHWESTERLY, HAVING A RADIUS OF 75.00 FEET, AN ARC DISTANCE OF 57.36 FEET, SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF SOUTH 52°41'24" WEST, 55.97 FEET, TO THE EASTERLY LINE OF THE PLAT OF SHEARWATER PHASE 1B EAST, AS RECORDED IN MAP BOOK 82, PAGES 37 THROUGH 43, INCLUSIVE, OF SAID PUBLIC RECORDS; THENCE SOUTHEASTERLY AND SOUTHERLY, ALONG THE EASTERLY LINE OF SAID PLAT OF SHEARWATER PHASE 1B WEST, RUN THE FOLLOWING SIX (6)

COURSES AND DISTANCES: COURSE NO. 1: SOUTH 29°46'13" EAST, 71.74 FEET; COURSE NO. 2: SOUTH 03°00'48" EAST, 516.50 FEET; COURSE NO. 3: SOUTH 07°13'08" EAST, 612.87 FEET;
COURSE NO. 4: SOUTH 22°33'39" EAST, 51.70 FEET; COURSE NO. 5: SOUTH 05°13'05" EAST,
209.13 FEET; COURSE NO. 6: SOUTH 04°18'34" EAST, 330.70 FEET, TO THE EASTERLY LINE OF AFORESAID PLAT OF SHEARWATER PHASE 1; THENCE SOUTHEASTERLY, SOUTHERLY, AND WESTERLY, ALONG LAST SAID LINE, RUN THE FOLLOWING THREE (3) COURSES AND DISTANCES: COURSE NO. 1: SOUTH 54°57'40" EAST, 254.73 FEET; COURSE NO. 2:
SOUTH 00°00'00" EAST, 182.01 FEET; COURSE NO. 3: NORTH 90°00'00" WEST, 300.07 FEET, TO THE EASTERLY LINE OF THE PLAT OF SHEARWATER PHASE 2A, AS RECORDED IN MAP BOOK 89, PAGES 1 THROUGH 17, INCLUSIVE, OF SAID PUBLIC RECORDS; THENCE SOUTH 46°36'26" WEST, ALONG LAST SAID LINE, 418.62 FEET, TO THE EASTERLY LINE OF THE PLAT OF SHEARWATER PHASE 2B, AS RECORDED IN MAP BOOK 93, PAGES 9 THROUGH 17, INCLUSIVE, OF SAID PUBLIC RECORDS; THENCE EASTERLY AND SOUTHERLY, ALONG LAST SAID LINE, RUN THE FOLLOWING THREE (3) COURSES AND DISTANCES: COURSE NO. 1: NORTH 88°15'40" EAST, 79.67 FEET; COURSE NO. 2: SOUTH 13°38'23" WEST, 770.61 FEET; COURSE NO. 3: SOUTH 20°57'24" WEST, 783.57 FEET, TO THE EASTERLY LINE OF THE PLAT OF SHEARWATER PHASE 2E, AS RECORDED IN MAP BOOK 102, PAGES 85 THROUGH 94, INCLUSIVE, OF SAID PUBLIC RECORDS; THENCE SOUTHERLY, EASTERLY AND SOUTHWESTERLY, ALONG LAST SAID LINE, RUN THE FOLLOWING FIVE (5) COURSES AND DISTANCES: COURSE NO. 1: SOUTH 18°53'12" WEST, 238.33 FEET; COURSE NO. 2:
SOUTH 71°06'48" EAST, 191.08 FEET; COURSE NO. 3: SOUTH 08°18'36" EAST, 627.26 FEET;
COURSE NO. 4: SOUTH 15°27'00" WEST, 403.81 FEET; COURSE NO. 5: SOUTH 34°58'41" WEST, 1304.14 FEET, TO THE EASTERLY LINE OF THE PLAT OF SHEARWATER PHASE 2D, AS RECORDED IN MAP BOOK 101, PAGES 16 THROUGH 34, INCLUSIVE, OF SAID PUBLIC RECORDS; THENCE SOUTHEASTERLY, SOUTHERLY AND WESTERLY, ALONG LAST SAID LINE, RUN THE FOLLOWING THREE (3) COURSES AND DISTANCES: COURSE NO. 1: SOUTH 55°40'21" EAST, 167.08 FEET; COURSE NO. 2: SOUTH 00°55'54" WEST, 95.23 FEET; COURSE
NO. 3: SOUTH 78°35'26" WEST, 451.13 FEET; THENCE SOUTH 66°01'22" EAST, 346.03 FEET;
THENCE SOUTH 02°24'52" EAST, 300.49 FEET; THENCE SOUTH 13°23'42" WEST, 1277.38 FEET;
THENCE SOUTH 02°50'31" EAST, 1229.48 FEET; THENCE NORTH 89°08'38" EAST, 740 FEET, MORE OR LESS, TO THE CENTERLINE OF TROUT CREEK; THENCE NORTHERLY, ALONG SAID CENTERLINE OF TROUT CREEK, AND THE MEANDERINGS THEREOF, 11,400 FEET, MORE OR LESS TO THE AFORESAID NORTHERLY LINE OF SECTION 26; THENCE NORTH 89°14'47" WEST, ALONG LAST SAID LINE, 105 FEET, MORE OR LESS, TO THE POINT OF BEGINNING.

CONTAINING A NET ACREAGE OF 139 ACRES, MORE OR LESS.

CDD CONVEYANCE PARCEL NO. 2

A PORTION OF SECTION 27, TOGETHER WITH A PORTION OF SECTION 41, THE FRANCIS BRADY GRANT, TOWNSHIP 5 SOUTH, RANGE 27 EAST, ST. JOHNS COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS:

BEGIN AT THE SOUTHWESTERLY CORNER OF 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; THENCE SOUTH 21°03'06" WEST, ALONG THE EASTERLY LINE OF THOSE LANDS DESCRIBED AND RECORDED IN OFFICIAL RECORDS BOOK 1287, PAGE 801, OF SAID PUBLIC RECORDS, 1202.88 FEET; THENCE SOUTH 43°03'49" EAST, 306.59 FEET; THENCE SOUTH 29°25'29" EAST, 436.22 FEET; THENCE SOUTH
07°55'53" WEST, 71.57 FEET; THENCE SOUTH 24°37'27" WEST, 25.03 FEET; THENCE SOUTH
45°54'34" WEST, 38.16 FEET; THENCE SOUTH 65°33'22" WEST, 37.77 FEET; THENCE SOUTH
19°00'53" WEST, 396.19 FEET; THENCE SOUTH 29°09'03" EAST, 988.63 FEET; THENCE SOUTH
30°30'54" WEST, 260.39 FEET; THENCE SOUTH 08°17'54" EAST, 216.44 FEET; THENCE SOUTH
11°37'05" EAST, 35.05 FEET; THENCE SOUTH 01°11'36" EAST, 52.49 FEET; THENCE SOUTH
12°22'51" EAST, 145.75 FEET; THENCE SOUTH 01°33'44" EAST, 191.04 FEET; THENCE SOUTH
03°06'39" EAST, 159.96 FEET; THENCE SOUTH 21°32'18" EAST, 135.59 FEET; THENCE SOUTH
71°50'12" EAST, 207.23 FEET; THENCE SOUTH 04°29'44" WEST, 237.92 FEET; THENCE NORTH
72°59'42" EAST, 105.28 FEET, TO THE WESTERLY LINE OF THE PLAT OF SHEARWATER PHASE 3A, AS RECORDED IN MAP BOOK 107, PAGES 65 THROUGH 79, INCLUSIVE, OF SAID PUBLIC RECORDS; THENCE NORTH 12°40'40" WEST, ALONG LAST SAID LINE, 6.37 FEET; THENCE NORTH 21°51'22" EAST, CONTINUING ALONG LAST SAID LINE AND ALONG THE WESTERLY LINE OF THE PLAT OF SHEARWATER PHASE 2D, AS RECORDED IN MAP BOOK 101, PAGES 16 THROUGH 34, INCLUSIVE, OF SAID PUBLIC RECORDS, 1748.04 FEET, TO THE WESTERLY LINE OF THE PLAT OF SHEARWATER PHASE 2C, AS RECORDED IN MAP BOOK 96, PAGES 40 THROUGH 52, INCLUSIVE, OF SAID PUBLIC RECORDS; THENCE NORTHEASTERLY AND EASTERLY, ALONG THE WESTERLY LINE OF SAID PLAT OF SHEARWATER PHASE 2C, RUN THE FOLLOWING THREE (3) COURSES AND DISTANCES: COURSE NO. 1: NORTH 26°24'11" EAST, 394.84 FEET; COURSE NO. 2: NORTH 69°24'40" EAST,
311.11 FEET; COURSE NO. 3: NORTH 58°52'56" EAST, 906.14 FEET, TO THE WESTERLY LINE OF THE PLAT OF SHEARWATER PHASE 2A, AS RECORDED IN MAP BOOK 89, PAGES 1 THROUGH 17, INCLUSIVE, OF SAID PUBLIC RECORDS; THENCE NORTHERLY AND NORTHEASTERLY, ALONG THE WESTERLY LINE OF SAID PLAT OF SHEARWATER PHASE 2A, RUN THE FOLLOWING THREE (3) COURSES AND DISTANCES: COURSE NO. 1: NORTH
22°08'34" WEST, 626.21 FEET; COURSE NO. 2: NORTH 47°38'21" EAST, 401.28 FEET; COURSE NO. 3: NORTH 09°25'30" EAST, 476.76 FEET, TO THE SOUTHERLY LINE OF THE PLAT OF SHEARWATER PHASE 1, AS RECORDED IN MAP BOOK 76, PAGES 16 THROUGH 38, INCLUSIVE, OF SAID PUBLIC RECORDS; THENCE SOUTHWESTERLY, WESTERLY, AND NORTHWESTERLY, ALONG THE SOUTHERLY LINE OF SAID PLAT OF SHEARWATER PHASE 1, RUN THE FOLLOWING EIGHT (8) COURSES AND DISTANCES: COURSE NO. 1: SOUTH 57°52'40" WEST, 54.21 FEET, TO THE POINT OF CURVATURE OF A CURVE LEADING SOUTHWESTERLY; COURSE NO. 2: SOUTHWESTERLY, ALONG AND AROUND THE ARC OF SAID CURVE, CONCAVE SOUTHEASTERLY, HAVING A RADIUS OF 50.00 FEET, AN ARC DISTANCE OF 19.54 FEET, SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF SOUTH 46°41'01" WEST, 19.41 FEET, TO THE POINT OF REVERSE CURVATURE OF A CURVE LEADING SOUTHWESTERLY; COURSE NO. 3: SOUTHWESTERLY, ALONG AND AROUND THE ARC OF SAID CURVE, CONCAVE NORTHWESTERLY, HAVING A RADIUS OF
400.00 FEET, AN ARC DISTANCE OF 379.68 FEET, SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF SOUTH 62°40'55" WEST, 365.58 FEET, TO THE POINT OF TANGENCY OF SAID CURVE; COURSE NO. 4: SOUTH 89°52'27" WEST, 17.70 FEET, TO THE POINT OF CURVATURE OF A CURVE LEADING WESTERLY; COURSE NO. 5: WESTERLY, ALONG AND AROUND THE ARC OF SAID CURVE, CONCAVE NORTHERLY, HAVING A RADIUS OF 739.49 FEET, AN ARC DISTANCE OF 197.89 FEET, SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF NORTH 82°27'34" WEST, 197.30 FEET, TO THE POINT OF COMPOUND CURVATURE OF A CURVE LEADING NORTHWESTERLY; COURSE NO. 6: NORTHWESTERLY, ALONG AND AROUND THE ARC OF SAID CURVE, CONCAVE

NORTHEASTERLY, HAVING A RADIUS OF 245.00 FEET, AN ARC DISTANCE OF 130.50 FEET, SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF NORTH 59°32'00" WEST, 128.97 FEET, TO THE POINT OF TANGENCY OF SAID CURVE; COURSE NO. 7: NORTH 45°55'54" WEST, 163.66 FEET; COURSE NO. 8: NORTH 32°59'28" WEST, 90.00 FEET, TO THE SOUTHERLY LINE OF AFORESAID PLAT OF SHEARWATER PHASE 1B WEST; THENCE SOUTHWESTERLY, NORTHWESTERLY, AND WESTERLY, ALONG THE SOUTHERLY LINE OF SAID PLAT OF SHEARWATER PHASE 1B WEST, RUN THE FOLLOWING FOUR (4) COURSES AND DISTANCES: COURSE NO. 1: THENCE SOUTH 57°00'32" WEST, 164.53 FEET; COURSE NO. 2: NORTH 52°45'43" WEST, 360.04 FEET; COURSE NO. 3: NORTH 55°12'35" WEST, 527.38 FEET; COURSE NO. 4: NORTH 80°50'48" WEST, 850.63 FEET, TO THE POINT OF BEGINNING.

CONTAINING 155.30 ACRES, MORE OR LESS.

CDD CONVEYANCE PARCEL 3

A PORTION OF TRACTS 5 AND 6, AS SHOWN ON 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, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCE AT THE MOST NORTHERLY CORNER OF THE PLAT OF SHEARWATER PHASE 1C, AS RECORDED IN MAP BOOK 92, PAGES 69 THROUGH 72, INCLUSIVE, OF SAID PUBLIC RECORDS; THENCE SOUTHWESTERLY, SOUTHERLY, WESTERLY, NORTHWESTERLY,, SOUTHEASTERLY, AND EASTERLY, ALONG THE WESTERLY LINE OF SAID PLAT OF SHEARWATER PHASE 1C, RUN THE FOLLOWING TWELVE (12) COURSES AND DISTANCES; COURSE NO. 1: SOUTH 31°58'59" WEST, 64.20 FEET, TO THE POINT OF BEGINNING; COURSE NO. 2: CONTINUE SOUTH 31°58'59" WEST, 15.80 FEET; COURSE NO. 3: SOUTH 00°36'49" EAST,
4.83 FEET; COURSE NO. 4: SOUTH 79°37'24" WEST, 111.33 FEET; COURSE NO. 5: NORTH
46°09'32" WEST, 114.81 FEET; COURSE NO. 6: SOUTH 62°42'15" WEST, 70.00 FEET; COURSE NO. 7: SOUTH 27°17'45" EAST, 97.33 FEET, TO THE ARC OF A CURVE LEADING SOUTHERLY; COURSE NO. 8: SOUTHERLY, ALONG AND AROUND THE ARC OF SAID CURVE, CONCAVE EASTERLY, HAVING A RADIUS OF 87.00 FEET, AN ARC DISTANCE OF 84.32 FEET, SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF SOUTH 21°38'56" WEST,
81.06 FEET; COURSE NO. 9: SOUTH 70°35'37" WEST, 96.23 FEET, TO THE ARC OF A CURVE LEADING SOUTHEASTERLY; COURSE NO. 10: SOUTHEASTERLY, ALONG AND AROUND THE ARC OF SAID CURVE, CONCAVE NORTHEASTERLY, HAVING A RADIUS OF 182.00 FEET, AN ARC DISTANCE OF 179.45 FEET, SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF SOUTH 41°20'39" EAST, 172.27 FEET, TO THE POINT OF COMPOUND CURVATURE OF A CURVE LEADING EASTERLY; COURSE NO. 11: EASTERLY, ALONG AND AROUND THE ARC OF SAID CURVE, CONCAVE NORTHERLY, HAVING A RADIUS OF 341.40 FEET, AN ARC DISTANCE OF 184.43 FEET, SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF SOUTH 85°03'59" EAST, 182.19 FEET; COURSE NO. 12: NORTH 79°37'24" EAST, 59.94 FEET; THENCE SOUTH 03°03'14" EAST, 15.81 FEET;
THENCE SOUTH 03°13'12" EAST, 69.18 FEET; THENCE SOUTH 03°34'35" EAST, 160.31 FEET; THENCE NORTH 90°00'00" WEST, 267.10 FEET, TO THE WESTERLY LINE OF AFORESAID

PLAT OF SHEARWATER PHASE 1; THENCE NORTH 37°38'14" WEST, ALONG LAST SAID LINE, 610.04 FEET, TO THE NORTHWESTERLY LINE OF AFORESAID TRACT 5; THENCE NORTH 60°13'33" EAST, ALONG LAST SAID LINE, 561.39 FEET, TO THE ARC OF A CURVE LEADING SOUTHEASTERLY; THENCE SOUTHEASTERLY, ALONG AND AROUND THE ARC OF SAID CURVE, CONCAVE NORTHEASTERLY, HAVING A RADIUS OF 455.00 FEET, AN ARC DISTANCE OF 183.93 FEET, SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF SOUTH 41°21'18" EAST, 182.68 FEET; THENCE SOUTH 01°25'38" EAST, 61.02 FEET, TO THE POINT OF BEGINNING.

CONTAINING 4.95 ACRES, MORE OR LESS.

CDD CONVEYANCE PARCEL 4

A PORTION OF TRACTS 5 AND 6, AS SHOWN ON 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, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCE AT THE MOST EASTERLY CORNER OF THE PLAT OF SHEARWATER PHASE 1C, AS RECORDED IN MAP BOOK 92, PAGES 69 THROUGH 72, INCLUSIVE, OF SAID PUBLIC RECORDS; THENCE SOUTHWESTERLY AND WESTERLY, ALONG THE SOUTHERLY LINE OF SAID PLAT OF SHEARWATER PHASE 1C, RUN THE FOLLOWING FOUR (4) COURSES AND DISTANCES; COURSE NO. 1: SOUTH 26°24'03" WEST, 25.00 FEET, TO THE POINT OF BEGINNING; COURSE NO. 2: CONTINUE SOUTH 26°24'03" WEST, 52.73 FEET; COURSE NO. 3:
SOUTH 53°54'28" WEST, 184.84 FEET; COURSE NO. 4: SOUTH 79°37'24" WEST, 142.58 FEET;
THENCE SOUTH 02°39'47" EAST, 25.10 FEET; THENCE SOUTH 05°01'22" EAST, 224.51 FEET;
THENCE NORTH 90°00'00" EAST, 245.49 FEET; THENCE SOUTH 00°00'00" EAST, 15.00 FEET; THENCE NORTH 90°00'00" EAST, 22.67 FEET, TO THE ARC OF A CURVE LEADING NORTHEASTERLY; THENCE NORTHEASTERLY, ALONG AND AROUND THE ARC OF SAID CURVE, CONCAVE SOUTHEASTERLY, HAVING A RADIUS OF 125.00 FEET, AN ARC DISTANCE OF 23.88 FEET, SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF NORTH 63°45'34" EAST, 23.84 FEET, TO THE POINT OF REVERSE CURVATURE OF A CURVE LEADING NORTHEASTERLY; THENCE NORTHEASTERLY, ALONG AND AROUND THE ARC OF SAID CURVE, CONCAVE NORTHWESTERLY, HAVING A RADIUS OF
175.00 FEET, AN ARC DISTANCE OF 68.47 FEET, SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF NORTH 58°01'22" EAST, 68.03 FEET, TO THE POINT OF TANGENCY OF SAID CURVE; THENCE NORTH 46°48'51" EAST, 33.58 FEET, TO THE POINT OF CURVATURE OF A CURVE LEADING NORTHEASTERLY; THENCE NORTHEASTERLY, ALONG AND AROUND THE ARC OF SAID CURVE, CONCAVE SOUTHEASTERLY, HAVING A RADIUS OF 125.00 FEET, AN ARC DISTANCE OF 44.12 FEET, SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF NORTH 56°55'29" EAST, 43.89 FEET, TO THE POINT OF REVERSE CURVATURE OF A CURVE LEADING NORTHEASTERLY; THENCE NORTHEASTERLY, ALONG AND AROUND THE ARC OF SAID CURVE, CONCAVE NORTHWESTERLY, HAVING A RADIUS OF 125.00 FEET, AN ARC DISTANCE OF 39.38 FEET, SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF NORTH 58°00'38" EAST, 39.21 FEET; THENCE NORTH 56°21'45" WEST, 26.29 FEET, TO THE ARC OF A CURVE LEADING NORTHEASTERLY; THENCE NORTHEASTERLY, ALONG AND AROUND THE ARC

OF SAID CURVE, CONCAVE NORTHWESTERLY, HAVING A RADIUS OF 60.00 FEET, AN ARC DISTANCE OF 25.48 FEET, SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF NORTH 42°19'30" EAST, 25.29 FEET; THENCE SOUTH 56°21'45" EAST, 25.00 FEET; THENCE NORTH 34°09'15" EAST, 131.80 FEET, TO THE POINT OF CURVATURE OF A CURVE LEADING NORTHERLY; THENCE NORTHERLY, ALONG AND AROUND THE ARC OF SAID CURVE, CONCAVE WESTERLY, HAVING A RADIUS OF 35.00 FEET, AN ARC DISTANCE OF 36.47 FEET, SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF NORTH 04°18'20" EAST, 34.84 FEET, TO THE POINT OF COMPOUND CURVATURE OF A CURVE LEADING NORTHWESTERLY; THENCE NORTHWESTERLY, ALONG AND AROUND THE ARC OF SAID CURVE, CONCAVE SOUTHWESTERLY, HAVING A RADIUS OF 150.00 FEET, AN ARC DISTANCE OF 32.13 FEET, SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF NORTH 31°40'42" WEST, 32.06 FEET, TO THE POINT OF TANGENCY OF SAID CURVE; THENCE NORTH 37°48'50" WEST, 39.62 FEET, TO THE ARC OF A CURVE LEADING NORTHWESTERLY; THENCE NORTHWESTERLY, ALONG AND AROUND THE ARC OF SAID CURVE, CONCAVE SOUTHWESTERLY, HAVING A RADIUS OF 360.00 FEET, AN ARC DISTANCE OF 79.11 FEET, SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF NORTH 57°18'14" WEST, 78.95 FEET, TO THE POINT OF TANGENCY OF SAID CURVE; THENCE NORTH 63°35'57" WEST, 150.20 FEET, TO THE POINT OF BEGINNING.

CONTAINING 3.65 ACRES, MORE OR LESS.

TAB 14

Prepared by and record and return to:
Ellen Avery-Smith, Esquire Rogers Towers, P.A.
100 Whetstone Place, Suite 200 St. Augustine, Florida 32086

RT: W3979-63379 Parcel No.: 010330-0040
Consideration: $10.00

TEMPORARY CONSTRUCTION AND ACCESS EASEMENT AGREEMENT
(Timberwolf Trail)

This	TEMPORARY	CONSTRUCTION	AND	ACCESS	EASEMENT
AGREEMENT (this “Agreement”) is made as of this    day of 	, 2022, by and among ST. JOHNS COUNTY, FLORIDA, a political subdivision of the State of Florida, whose address is 500 San Sebastian View, St. Augustine, Florida 32084 (the “County”), in favor of WFC ASHFORD MILLS OWNER VII, L.L.C., a Delaware limited liability company, whose address is 500 Boylston Street, Suite 2010, Boston, Massachusetts 02116 (“WFC Ashford”) and the TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government created pursuant to Section 190, Florida Statutes, whose address is c/o Rizzetta & Company, 2806 N. Fifth Street, Unit 403, St. Augustine, Florida 32084 (“Trout Creek”) (with the County, WFC Ashford and Trout Creek sometimes collectively referred to herein as the “Parties” or individually as a “Party”).

RECITALS:

WHEREAS, the County is the owner of certain real property located in St. Johns County, Florida and more particularly described in Exhibit “A” attached hereto and incorporated herein by this reference (the “County Parcel”).

WHEREAS, WFC Ashford is the owner of certain real property located adjacent to the County Parcel in St. Johns County, Florida (the “WFC Lands”).

WHEREAS, WFC Ashford and Trout Creek, the community development district in which the WFC Lands are located, desire to complete construction of a local roadway known as Timberwolf Trail adjacent to the western boundary of the County Parcel (the “Improvements”).

WHEREAS, in order to complete construction of the Improvements, WFC Ashford and Trout Creek require temporary construction access through a portion of the County Parcel, being more particularly described and depicted in Exhibit “B” attached hereto and incorporated herein by this reference (the “Temporary Easement Parcel”).

WHEREAS, WFC Ashford and Trout Creek have requested that the County grant to Trout Creek, and the County has agreed to grant to Trout Creek, temporary access and construction easement rights over, upon and across the Temporary Easement Parcel for certain limited activities, subject to the terms and conditions set forth herein.

NOW, THEREFORE, for and in consideration of the sum of Ten and No/100 Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties do hereby agree as follows:

Recitals. The foregoing recitals are true and correct and incorporated herein by reference.

Grant of Temporary Access Easement. The County does hereby grant to Trout Creek and WFC Ashford for purposes of vehicular and pedestrian ingress and egress by Trout Creek, WFC Ashford and their respective successors, assigns, employees, agents, contractors, subcontractors, tenants, invitees and licensees (all of the foregoing persons and entities, including, without limitation, Trout Creek and WFC Ashford are hereinafter referred to as the “Permitted Parties”), to and from the WFC Lands, a temporary, non-exclusive easement in, over, across, upon and through the Temporary Easement Parcel for the limited purpose of construction of the Improvements on the adjacent WFC Lands including, without limitation, grading to surface tie-ins to be located within the Temporary Easement Parcel. Trout Creek and WFC Ashford agree that if the County opens a recreation area or facilities on the County Parcel during the term of this Agreement, the applicable party shall provide to the County at least two
(2) business days’ written notice prior to entering onto the Temporary Easement Parcel.

Temporary Construction Easement. The County hereby grants to the Permitted Parties, a temporary, non-exclusive construction easement over, under, through and across the Temporary Easement Parcel in connection with and for the purpose of the construction the Permitted Parties of the Improvements to be located within the WFC Lands in the location generally shown on the site plan attached hereto as Exhibit “C” and incorporated herein by this reference (the “Site Plan”). Such easement shall allow for the access of construction vehicles over the Temporary Easement Parcel and County Parcel as reasonably necessary to construct the Improvements; provided, Permitted Parties or governmental authorities performing the work contemplated hereunder shall use commercially reasonable efforts to minimize interference with the development and operation of the County Parcel and after completion of their work, shall regrade, grass and stabilize any access roads used within the County Parcel.

Term. The term of the Agreement and the foregoing temporary access and construction easements (“Term”) shall commence on the Effective Date and automatically expire and terminate upon the completion of the Improvements, without the need for further action on the part of either Party. Notwithstanding the foregoing, within fifteen (15) days of any written request delivered, the Parties agree to execute and record an instrument terminating this Agreement if so requested by either Party.

Maintenance and Use. Throughout the duration of construction of the Improvements, Trout Creek and WFC Ashford, in accordance with their respective work, shall keep the Temporary Easement Parcel in good condition and repair, excluding ordinary wear and tear and damage by the elements or by the County, or the County’s employees, contractors, agents and/or invitees. Trout Creek or WFC Ashford will repair any damage to the Temporary Easement Parcel, in accordance with its respective work, to the extent that such damage is caused by the Permitted Parties, respectively. Trout Creek and WFC Ashford shall not allow the Temporary Easement Parcel or County Parcel to be used for any unlawful purpose. Trout Creek

and WFC Ashford shall comply with all applicable governmental laws, ordinances, rules and regulations while using the Temporary Easement Parcel and County Parcel for the purposes granted herein.

Indemnification. WFC Ashford and Trout Creek hereby agree to indemnify, defend and hold harmless the County and their respective officers, directors and members, and its respective heirs, successors and assigns, from and against any and all claims, actions, demands, losses, costs (including, without limitation, court costs), expenses (including, without limitation, attorney’s fees), liability (joint or several), penalties or other damages, arising out of or in connection with its construction of the Improvements, use of the temporary easements or any breach of Trout Creek or WFC Ashford’s respective obligations contained in this Agreement.

Modification. The Parties hereto agree that this Agreement constitutes the entire agreement between the Parties with respect to the temporary easements and obligations established herein, and any oral agreements or understandings are hereby merged into this Agreement. This Agreement may be amended or terminated only by an instrument in writing and signed by the Parties or their respective successors or assigns.

Covenant Running with the Land. The Agreement and all conditions, obligations and covenants set forth herein are intended to be and shall be construed as covenants running with the land, binding upon the County Parcel and binding upon and inuring to the benefit of the WFC Lands.

Waiver. No waiver of any of the provisions hereof shall be effective unless it is in writing and signed by the party against whom the waiver is asserted. Any such written waiver shall be applicable only to the specific instance to which it relates and shall not be deemed to be a continuing waiver or waiver of any future matter.

Complete Agreement. This Agreement represents the complete and integrated agreement of the Parties with respect to the subject matter herein and supersedes all prior oral or written agreements.

Governing Law. This Agreement shall be interpreted under and governed by the laws of the State of Florida.

Counterparts. This instrument may be executed in counterparts, each of which shall constitute an original and together shall constitute one and the same instrument.

[Remainder of Page Intentionally Left Blank]

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.

Signed, sealed and delivered	ST. JOHNS COUNTY, FLORIDA, a	
in the presence of:	political subdivision of the State of Florida	
	  By:		

Printed:		Name:	

Its:	

Printed:	

STATE OF FLORIDA COUNTY OF ST. JOHNS
The foregoing instrument was acknowledged before me by means of   physical presence or    online notarization, this 	 day of 	, 2022 by 	, as
	 of the County of St. Johns County, Florida on behalf of the
County.	He/She  is personally known to me or  has produced 	 as identification.

Printed	 Notary Public, State and county aforesaid Commission no.:	 My commission expires:	 (Notarial Seal)

Signed, sealed and delivered in the	WFC ASHFORD MILLS OWNER VII, L.L.C., a presence of:	Delaware limited liability company

Print Name: 	

By:		WFC Ashford Mills Holdings JV VII, L.L.C., a Delaware limited liability company, Its Sole Member

Print Name: 	

By:		FCA Ashford, LLC, a Delaware limited liability company its Administrative Member

By: 	 Name: 			 Title: 		

COMMONWEALTH OF MASSACHUSETTS

KNOW ALL MEN BY THESE PRESENTS

COUNTY OF SUFFOLK

The foregoing instrument was acknowledged before me by means of (check one) physical presence or online notarization, this   day of 	, 2022, by 	, of FCA Ashford, LLC, a Delaware limited liability company, as Administrative Member of WFC Ashford Mills Holdings JV VII, L.L.C., a Delaware limited liability company, as Sole Member of WFC Ashford Mills Owner VII, L.L.C., a Delaware limited liability company, on behalf of the company, who is (check one) is personally known to me or has produced a valid driver’s license as identification.

Printed	 Notary Public, State and county aforesaid Commission no.:	 My commission expires:	 (Notarial Seal)

Signed, sealed and delivered	TROUT CREEK COMMUNITY	
in the presence of:	DEVELOPMENT DISTRICT	
	  By:		

Printed:		Name:	

Its:	

Printed:	

STATE OF FLORIDA COUNTY OF 	
The foregoing instrument was acknowledged before me by means of   physical presence or    online notarization, this 	 day of 	, 2022 by, 	
	, as 	 of Trout Creek Community Development District, a local unit of special-purpose government created pursuant to Chapter 190, Florida Statutes, on behalf of the district. He/She  is personally known to me or  has produced 	 as identification.

Printed	 Notary Public, State and county aforesaid Commission no.:	 My commission expires:	 (Notarial Seal)

EXHIBIT “A”

County Parcel

PARK SITE

A PORTION OF SECTION 34, TOWNSHIP 5 SOUTH, RANGE 27 EAST, ST. JOHNS COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCE AT THE INTERSECTION OF THE EASTERLY LINE OF THE SOUTHWEST 1/4 OF THE SOUTHWEST 1/4 OF SAID SECTION 34, WITH THE NORTHERLY RIGHT OF WAY LINE OF COUNTY ROAD 16-A (A VARIABLE WIDTH RIGHT OF WAY, AS NOW ESTABLISHED); THENCE NORTH 02°49'00" WEST, ALONG SAID EASTERLY LINE OF THE SOUTHWEST 1/4 OF THE SOUTHWEST 1/4 OF SECTION 34, ALSO BEING THE WESTERLY LINE OF SOUTHEAST 1/4 OF THE SOUTHWEST 1/4 OF SECTION 34, AND ALONG THE EASTERLY LINE OF THE NORTHWEST 1/4 OF THE SOUTHWEST 1/4 OF SECTION 34, ALSO BEING THE WESTERLY LINE OF THE NORTHEAST 1/4 OF THE SOUTHWEST 1/4 OF SECTION 34, A DISTANCE OF 1740.55 FEET; THENCE NORTH 87°11'00" EAST, 60.00 FEET, TO THE POINT OF BEGINNING; THENCE NORTH 02°49'00" WEST, 121.59 FEET, TO THE POINT OF CURVATURE OF A CURVE LEADING NORTHEASTERLY; THENCE NORTHEASTERLY, ALONG AND AROUND THE ARC OF SAID CURVE, CONCAVE SOUTHEASTERLY, HAVING A RADIUS OF 500.00 FEET, AN ARC DISTANCE OF 698.50 FEET, SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF NORTH 37°12'16" EAST, 643.07 FEET TO THE POINT OF TANGENCY OF SAID CURVE; THENCE NORTH 77°13'32" EAST, 460.35 FEET; THENCE SOUTH 12°46'28" EAST, 28.86 FEET; THENCE SOUTH 05°10'17" WEST, 28.24 FEET; THENCE SOUTH 14°12'12" WEST, 57.53 FEET; THENCE SOUTH 40°36'44" EAST, 25.35 FEET; THENCE SOUTH 26°20'36" EAST, 25.67 FEET; THENCE SOUTH 12°33'52" WEST, 45.90 FEET; THENCE SOUTH 50°59'24" WEST, 40.24 FEET; THENCE SOUTH 04°54'45" EAST, 27.17 FEET; THENCE SOUTH 37°00'46" WEST, 29.51 FEET; THENCE SOUTH 46°05'12" WEST, 56.19 FEET; THENCE SOUTH 27°12'10" WEST, 34.99 FEET; THENCE NORTH 75°41'53" WEST, 59.34 FEET; THENCE SOUTH 16°01'44" EAST, 19.62 FEET; THENCE SOUTH 44°26'41" WEST, 20.43 FEET; THENCE SOUTH 28°59'17" WEST, 32.49 FEET; THENCE SOUTH 22°05'52" EAST, 39.70 FEET; THENCE SOUTH 38°46'18" WEST, 28.90 FEET; THENCE SOUTH 14°31'19" EAST, 24.58 FEET; THENCE SOUTH 26°23'49" EAST, 27.15 FEET; THENCE SOUTH 03°16'43" WEST, 40.64 FEET; THENCE SOUTH 03°22'29" EAST, 41.67 FEET; THENCE SOUTH 48°26'50" EAST, 26.99 FEET; THENCE SOUTH 27°58'18" EAST, 18.20 FEET; THENCE SOUTH 76°51'38" EAST, 33.24 FEET; THENCE SOUTH 54°17'34" EAST, 62.23 FEET; THENCE SOUTH 16°28'47" EAST, 87.08 FEET; THENCE NORTH 53°41'19" WEST, 66.42 FEET; THENCE SOUTH 87°36'18" WEST, 752.82 FEET, TO THE POINT OF BEGINNING.

CONTAINING 10.00 ACRES, MORE OR LESS.

EXHIBIT “B”

Temporary Easement Parcel

EXHIBIT “C”

Site Plan

11

5129793_2

12

5129793_2

TAB 15

This contract provides for re-treatment of a structure and the repair of damages caused by wood destroying organisms within the limits stated in this contract.

Pes Raider£
..,.rnwbl cw••OOl'ft,P.,..,

DER

SENTRICON"' SYSTEM SERVICE AGREEMENT
..	DAMAGE REPAIR & RETREAT GUARANTEE
18) Eastern Subterranean Termites
18) Formosan Termites

 Trout Creek CCD		3434 Colwell Ave	Suite 200	

Account Name • Firs!
144 Kayak Way
Service Address

Middle lnitiaI	Last

B1I11n9 A<ldress
TamQ_a,Fl. 3_36_1_4---=-----
c11v	s1oto	Zip Code

St. Augustine, Fl. 32092	(904)436-6270		

Cily
(904)342-3737

Stale	ZlpCode

BillingPhone:	Ci!I Office
cddinvoice@rizzetta.com	

BestConlracl Number	Other	Email Address
TYPE OF STRUCTURE: O AESIDENTIAL.....Ci!I COMMERCIAL......□MULTl•UNIT: BLDGS. #:               STRUCTURES FOR SERVICE:□MAIN DWELLING.................J:Q OTHER. _F_it_ne_s_s_C_e_n_t_er_  _ TYPE OF INITIAL TREATMENT: ..........QI POST-CONSTRUCTION..........□NEW-CONSTRUCTION	Qil OTHER.
LOCATION OF NOTICE OF SERVICE: ON/A........QATTIC.........oCRAWL	K!OTHER.=E=le=ct=ri=c=pa=n=e I 	

1

PURPOSE OF SERVlC:l::df8lPREVENTION. ,·.:..s·······.....	..o PRESUMPTIVE EVIDENCE	□EXISTING INFESTATION
INITIAL INVESTMENT All  1scounts app 1eu	METHOD OF PAYMENT
Initial Cost..................	..$  1,100.00	oCHECK	:::iCASH	OAMEX	oM/C	OVISA	oDISC
Other Fees................	. ..........$		Renewal Maintenance Fee	$_5_4_9_.o_o	
Advanced Renewal Fee .....................$ 		Renewal Frequency................. □Monthly	aQuarterly	l!lAnnually
Sales Tax........................................$ 	
TOTAL INITIAL COST	$ _1.,_1_0_0_.o_o	 _ 	
UPON RECEIVING FULL PAYMENT AND COMPLETING THE INITIAL SERVICE THE COMPANY WILL PROVIDE A DAMAGE REPAIR & RETREAT GUARANTEE FOR TERMITES AS SPECIFIED AND DESCRIBED IN THE PROVISIONS, TERMS AND CONDITIONS SET FORTH ON THE FRONT AND BACK OF THIS AGREEMENT, WHICH WILL PROVIDE A DETAILED EXPLANATION OF THE GUARANTEE ALONG WITH ALL DISCLAIMERS, LIMITATIONS, CONDITIONS OR EXCLUSIONS.
SERVICE PROVISIONS
NADEA·s PEST RAIDERS (The Company) is au1hor1zed by Dow AgroSciences LLC. lo install the Scntricon• ColonyEfomination Systemand cooduct associated service end treatment protocols for
cvstomet The Senlricon• System aDows for servicing bait treatment for subleuanean termites with ReColuit• an lnsect growth regulator containing the active fngredtent Novillumuror,
The Customer appreciates thal subterranean termite conirot is not lmmediale Specilically. control and/or colony elimination may take save,al months. Customer undeMtands that the lnhetently "delayed"act,on ol lhe inseel g1owth 1egulato1is necessary to defeat avoidance behavior by foraging subterranean termites The Company shallprovide the following 1ermile control services lo Cuslomsr under this agreement:
lniHal Inspection or applicable atruclures and grounds and inslallalion of in-ground bail slations around the perimeter of lhe structure at the Company's discretion
Servicing of stations by the Company Service Representalwes, commencing with lhe lnstananon of IM sy,,tem. All stations will be serviced within the guiaelines as
specified under the most current material label olandards
Application oJRecruit' le,mlte bait in stations The Company may install additional stations and/or modiJy existing slallons at ils <llscretion and In compliance wilh all label and labelling directions
Periodically Inform the Customer ol ::iny new or increased 1.ermite activity notedat any of the.stations during any of Iha toutlne lnspections
Upon achieving colony elimination. !he Company will provide Jor repairs of new subterranean termite damage as sot forth In the provisions. lenns and condillons of !his agreement. The guaranteeis effective immediately upon inslallatlon on struclures which have no present or past termite activity 0< on those structures which receivea tre.alrnent spocificaUy designed by lhe Company lo conlroJ llve1e,mi1es direcuy, performed at or near the timeof theinslallalion of Sen1rlcoo stations
Ascompensalion !OfSOIVice• rendered or to be rendered under thisagreement, !he Customer shall pay Iha Company an installation fee and malnt8flaoce fee, as speciied.uponsigning the agreement This agreemenl and guarantee may be renevv'ed for lire by paying the annual Renewal Maintenance Fee on a consecutive basis. Failure to pay consecutive Renewal Maintenance Fees wm rende, this ag,eement and guarantee nvHand void Aflsr !he f st year. adjustments lo lhe Renewal Maintenance Fee may be made annually by the Company giving the CUstomet a minimum of thirtydaysnotice regardir,g the nowrale This guarantee is llansferable lo a subsequent owner provi<led that the Renewal Maintenance Fee Is paidon a consecutive basis fromlhe time of lhe lnlllallnslallatlon.
Cuslomer agrees not to move. open. handle o, damage Senlricon• stations. bail devices or any other parts ol the system.Tampering wllh suchcomponents may compromise Iha efficacy ol lhe system andshaQ constiMea basis for terminatingthisagrcemenl. TheCustomer may be responsible fOf tho oosl ofroplacemenlo, repair of anydamagedo, missing batt stationsthat were nol damagedOf removed by lhe Company and/01ils agenl Thebailslalions andassocialed materials (Senirlcon·Components) provkled by the Company are and shall remain lhe exclusive property of Dow AgroSciences LLC Customer vnderslands mat he doesnot acquire any ownershiplnleresl or titlelo such c11mponen1s and lhaluponlerminalionol lhisagreemenl Jo,any cause whatsoever. Iha Company and/or Dow AgroSciences LLC are hereby aulhorized10remove all suchcomponents
TheguarantGe in lhis agreement is In lceuof all other guaranteea and warranlies, expressed and imp(ied, including the werraJ\lies of merchantability and fitnossfor a particular purpose. The customer is
entitled to a copy of onyln>atment specificallona.customer p<eparationsheets, checkisls and any applicable release lorms All specllications andspecial circumstances havebeenlully explainedto me

THE COMPANY
 Jason Longo
Company Representative
193 San Marco Ave  St. Augustine, Fl. 32084

TO THE PROPERTY OWNER OR PROPERTY MANAGER:
If this isa homesolicitation you may cancel thisasireement by providing written notice to the seller in person or by mail. This notice must indicate that you do not want the goods or services and must be delivered or postmarked before midnight of the third business day after you sign this

C o_m_p_a_n_y_A_d_d-,e-s_s		C_lty-	State	ZipCode

(904) 671-8240

agreement. If you cancel this agreement. the sellercannot keepany part of a cash down payment. You are entitled to and should receive an exact executed copy of this agreement. This agreement is contingent
on the approval of lhe service center manager.

Company Phone	Office Fax Line

Manager's Signature

Accepted By: _<= ;; :.:::::========:_-- 

JC..	

Date: 	

I 	 I 	

er/Buyer oAuthorized Agent Date:_6_	/	/

NDR-SAS-030 Revised 3-12

I

.a.;;

I  I
a;; 
-

I 

Comprehensive Treatment
Defined Treatment
IZJ Sentricon* System

ADDREss

144 Ka'i,_a k W a..c...,y ---  c1TY _§!_._Aug_us_t_in_e	

sTATE _F_I.

z1P coDE 32092

01.
Remove all cellulose debris from crawl space
01-A.
Haul cellulose		 debris from	1 1
premises	,,

0	2.
Treat soil adjacent to foundation

03.
Treat soil adjacent lo

9.
Drill & treat
brick veneer void

D 10.
Treat inside perimeter of garage
slab
0 10-A.
Treat inside perimeter of garage by rodding
from crawl
0	11.
Rod & 1rca1-"'"'IE"'-''rT"""..,.,."'
dirt filled

017.
Remove form boards

D 18.

□	□

Rod & treat dirt fill from
Rear	Side
LJFront	12,-	IW

0D1rill9& .tr•eat	:•• concrete capping · :: :: .	,
at foundation	; ·:	".'://2
wall in crawl	• •	/-0/.

0Tr2ea0t a.reas for:

0  27.
Drill& treat stone foundation voids
28.
Drill & treat
double brick foundation voids
29.
Drill & treat
triple brick foundation voids

i

DRo3d.&0tr•eat,  planter box	,i'r

foundation walls

04.
Treat soil adjacent to piers

05.
Drill & lreat voids in piers

06.

area from
above

r

□ 12.	"
Treat fireplace
or chimney voids

0	13.
Drill & treat exterior slab that abuts structure
0	14.

wood borers	• • ·
powder post beetles

0Se2t w1oo.d	ttf
supports on	• .• .• concrete
pads# 

.;a,;,;..

0Br2ea2k  g.round	I
contact on
:ep stringers	•	i<

0  31.
Install floor supports
#  
32.
Install
Inspection Panel

filfil

Ji

Treat soil adjacent to pipes

07.
Drill & treat
concrete block foundation voids

D 7-A.
Treat foundation voids from above

08.

Treal inside perimeter of slab from inside
D 14-A.
Drill & treat concrete basement floor
0	15.
Treat expansion joints

16.

perimet r of sl b	.•1	-
by rodding	·	• ;,:.; from outside			• •' · •
0	24.
Install Vapor Barrier
25.
Install
Auto Vents #

.., '

"'

i

□26.	I

□Tre3at3en.trances	)I
in slab-bath ub .•, ••	''••I
and sewer hnes
34.
Drill & treat
along parlllion wall

0Tr3ea5t a.reas lor:
drywood termites		•  ·

□

0	36.

Scrape off termite shelter tunnels

Provide actess to crawl space

Prepare & Install vent shields# --

f=i-·-	

r-

t-N

.,....

,,t	-r-•--,".r-.-f,.i.I

Prepare floor surface for drilling
D Tlle	Carpet
D  Hardwood	D  Terrazzo

37. ADDITIONAL INSTRUCTIONS	Install sentricon stations around home. Recriut HD Noviflumuron 0.05%

Post Construction Wood Destroying Organism/Insect Treatment Checklist & Completion Certificate
Company Name:  Nader's Pest Raiders	Customer Name: Trout Creek CCD
Street Address: 193  San Marco Ave	Service Address: 144  Kayak Way
City, state, Zip: St.Augustine, Fl. 32084	City, state, Zip:  St.Augustine, Fl. 32092

I

Phone#: (904) 671-8240	Date:  6-16-22	Phone#: (904)342-3737	Date6-16-22
Service Information

Sentricon Installationonly _ Sentricon Installation wnimited liquid treatment _ EP/1ST(Oefined treatment) _  ComprehensiVe Liquid Treatment _ Moisture COntrol

_ Drywood Alternative Treatment _  Wood treatment for Termites and/or Wood Boring Beetles _  Wood treatment for Wood Decay Fungi _  Crawl Space Encapsulation

Home	Service
Eva!	Prof

Attention: Home Evaluators and Service Professlonals: Initial below in appropriate areas.

D No one home at time of service

JL	Customers withE I F.S. or R B I. below grade have been advised thatii is bestpractice to remediate the below grade conditions and that a secondary
infestation could exist after treatment with a liquid or bait system installation
JL	I have inquired whether any inhabitants aresensitive to odors or haverespiratory conditions.
JL	Customer has been advised that there may be some odor associated withliquid treatments
JL	I have inquired about the custorne(s source of water (well, cistern, spring, citywater, etc.) and discussed with them the location of any sub-slab HVAC ducts,
radiant heat lines, trench drains, electrical linesand other treatment issues and havenoted these on the treatment graph.
JL	I have inquired about customerInstalled sell/ice lines for items such as gas grills, outdoor kitchens, gasor electric lanterns, spas, pools, irrigation systems,
outdoor buildings, etc.Any of lhe previous ems have been noted on the treatment graph.
JL	I have Inspected the1nterior and exterior of the structure to locate any hollow stoops or porches, encapsulated/sealed crawl spaces, cracks in slabs or
foundation walls, or unusual construction elements and noted these on the treatment graph
JL	At the completion of treatment, the structure will meet state treatment standards. Yes (  ) or No (  ) If no, appropriate state exception form signed by
customer is attached to contract andgraph
JL	I have requested Utlllty Marking as required by appropriate local and/or stateregulations (Bait systems only) andmarking has been scheduled:

DateScheduled:	

Expiration Date:

/	/	

Reference#: 	

Ihave performed a visual inspection for utility markings prior to any power augering or concrete/asphalt coring All vertical drillholes have been plugged andpatched to company standards.
I have inspected the entire structure. There was no spillage of product during the application procedure I have cleaned and swept-up the treatment areas and left the property in a neat and orderly fashion.
All Sentricon stations are property seated and flush with thesurrounding grade

Time in:		am/pm	Time out:	am/pm	Date of Completion:	I	I	
Target Pest:	1					Other:	
Product(sl applied:	220					IMethod of Application: 137	I	I	I	I	I	I	
Sentricon: Linear Footage	380	# of stations installed		
Recruit AG stations installed ea:	Location(s):		
Area Treated	Linear Footage	Rate of Application	Per foot of Depth	Total Gallons used	
Wood Treatment:	
Slab		4 gal/10 If			Purpose of Treatment:	--	Corrective  	Preventative Studwall application: Linear ft	(x) height in inches	
Exterior Trench		4 gal/10 If				
Interior Trench		4 gal/10 If			Sub Floor application: Square Footage of floor space:		
Veneer		2 gal/10 If	N/A		Rate of Application:		
Block Voids		2 qal/10 If	N/A		Dilution Rate:
Amount Used:		
Piers		pereach	NIA				
Filled Porch		4 qal/10 If			Service Professional Comments/Special Instructions:	
Total						
		
;l".._,.• .>,·C(,...;"..t1,,t,-
Jason Longo		6-16-22	r•,H..	1
JE:2 08690			
HomeEvafu!ltor Name	Date		State-ID#			
Manisger Stgnatuce	UO<o		

The work has been explained and performed to my satisfaction. I have received a copy of the service agreement, treatment graph, treatment specification sheet, this

Customer Signature:  <:'.: = :::'.'.::::'.'.::::'.:::'.:::'.'.:  :_,	 _

certificate and all other associated documents	Date:-------------------
NDR-SAS-147 Revised 10-15	SEE PRODUCT INFORMATION, CUSTOMER INFORMATION & PRECAUTIONS ON REVERSE SIDE.

custoMSR SERVICE: tNFORMATION	PREC.AOllONS
lf lilltJid4l'Ut,,nenurr.1'S·(eqtNrs.d ail'J	atihel1ma Gl# tfflS VtSU. p!eiSa! ffl!<l,leW Md loUwNh♦ ms1ruGS1en$ t,e!QW, H you h«WSall\/
,omi Of	.(IItMill,.i )io:t.ir lOC&lli N l offte.

11	$'P1lllCS O<)N&T.
tt;	CJ	isiJhn11 ar.w1	II	.-,ff dt!.<lag Nctd6f'ii •	_PfF"	P ...illow fl"f-Y.s&em 10 remau1
·	l!Olt.
, •Y,«.) L	Q'Fr.REA 1!11AT'ERI.Al$-;
t-pQti.iots r'lt!SI -up i,y	Ned IIOflalll..ano LO N Pffl 1'$'o.l P	f<I n.ctlfy
ff.you of.treatment	ru>!h l	Hun111f'£ &	,	oo remtM9d"°m t ttrucw 0 'lot r&­
tl131t Ofe otean-ljf) H	eted
31.lF"ff:{Jij	'ffitA-r:MEN,-	"JHAT ARB NOT RE.SeAU!&:
'Mt hoiillt·m <rr r 8MQrn,!irl be i:e-s!!i818o-wf.hrnm-0811u a al	e	nelifV Nader'1;1, 1' y0t1l"IOnr.e oii, trntment "oles
818P(lll t'fl ad
ti-.m TACT WGJ'tt f'REAYED MSA.&·
t:JGnG1-mtaw,Lffl'	- cifliMet-1, Gt illfSUltour.:h, enfflf or repl;Jce lte;mi or beddrnq •o c.ontac1 or enter treate-1M"ffllts'l umil clry
t. VENflU'l18&fJRCOR"8 f,l&..oc,op'fiH&.
I, kflll!P 8!:eaf$1ctoetJ lllj)t;30roiflUl8$	lmatment ltlM veri111are are&l,S i for up to 2 hou s before re-OGGuPVll'ln

WEAR& COMMITT£D TO PROVIDE YOU WffH THS QUALITY SERVIC£ l't!Al'YOU DESERVE ANO 8'PBCT. WE APPReC.IATE YOUR BUSlNt!:SS.

-

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NA0.6R-'3::PEST AlllERS

NICOLE"NIKKI" FRIED COMMISSIONER

Florida Department of Agriculture and Consumer Services Division of Agricultural Environmental Services

Bureau of Inspection and Incident Response
3125 Conner Blvd, Suite N, Tallahassee, FL 32399-1650 b11rcomplqiots@freshfromflorida.com

CONSUMER NOTICE FORM
RuleSE-14.105, FA C.
Telephone: (850)617-7996; Fax: (850)617-7968

A pest control company must give youa written contract pnor to any treatment of each wood-destroying organism II ,s very important that you read ancl understand the contract you are signing The pest control company 1s only oblrgaled to follow the terms of the contract you have signed, regardless of other statements by the company or salesperson. (Note Contracts for treatment for new construction can be issued to the builder and provided to you at closing).

BASIC REQUIREMENTS FOR CONTRACTS
The contract must state the common name of the wood-destroying organism to be controlled by the company (e.g. subterranean termite, powder post beetle). If the contract is for termite control, the contract must clearly state whether Formosan termites are covered or not.
Some contracts do not include a treatment at the time the contract is issued. and that should be clearly stated. If a treatment is performed as part of the contract, the cost for the treatment must be stated. If the treatment is only for certain areas, the contract should clearly state that it is for 'spot treatment• only.
The contract must state if it is a retreatment only or a retreatment and repair contract. If it is a retreatment and repair contract, carefully read the sections of the contract that state when repairs willor will not be covered by the contract.

REQUIREMENTS FOR STATING WHEN TREATMENT OR REPAIR WILL NOT BE COVERED BY THE CONTRACT
Repair contracts willnot cover repairs from termite damage under every condition. The contract must state when retreatment or repair will be done, and conditions under which the company can refuse to retreat or repair
These conditions have to be stated and be under headings in the contract that are in bold print. Companies typically refuse repair or retreatment if the condition of the house is such that moisture or leaks result in termite infestation, or where siding makes 11 hard to see termite infestation
Examples of this are:

Cracks in concrete slabs
Wood or wall siding in contact wrth ground
Plumbing leaks

Leaks in the roof
Water accumulating against side of house

The law does require that compa111es notify you if they see cond11ions which would void the repair promise and they have to give you a chance to correct the condition before voiding the contract or denying repair coverage.

Contracts may have a condition that does not cover Formosan termite damage until a specific time period has passed. This means that if damage occurs during this period the company will not pay for repair.
You have the right to compare contracts from other companies before signing a contract with a company. Choose the company that gives you the best contract options
ff you have any questions about the terms of the contract, or concerns about the compliance history of the company with regard to pest control laws or regulations, contact the Departmenl of Agriculture and Consumer Services at phone number: 850-617-7996 or email: biircomplainls@freshfromllonda com

I understand that I am entering mto a contract with	Nader's Pest Raiders	(fill in company name) to

provide wood-destroying organism(s) treatment, and I have read and understood the terms of the contract.

c..	£:

Trou1Creek CCD
Pont Name of Consu!N'!r

Date: 6-16-22

Signature of Consumer

Tit1e·

: P'-"ro=p-==e-'-'r.tv..-=.O'-'w-'-'1""'1e=r-=o'-'-r-==a=u-"'-th'""o""n=ze=d=-=a.,._ge=n=t'--_

Dmr-i _6_-1_6_-_2_2	

company	Nader's Pest Raiders

		Trout Creek		
Shearwater		3434 Cowell Ave	Ste 200	
100 Kayak Club Dr	Welcome Center	Tampa, Fl. 33614		
St. Augustine, Fl. 32092	(904)436-6270		
(904)342-3737		ccdinvoice@rizzetta.com	

Electric panel	
All discounts applied	
1,214.00	
607.00	

1,214.00

Jason Longo
193 San Marco Ave St. Augustine, Fl. 32084 (904) 671-8240

8	5	22

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Comprehensive Treatment
Defined Treatment
IZI Sentricon* System

ADDRESS
1.

100 Kayak Club Dr
□ 9.

CITY _St. Augustine
□ 17.

STATE _Fl.	
□ 27.

ZIP CODE _32092 _

Remove all cellulose debris from crawl space

""'

1-A.
debris"from"""'"I IPI 
premises	,..
2.
Treat soil
adjacent to foundation

Drill & treat brick veneer void
10.
Treat inside
perimeter of garage
slab
10-A.
Treat inside

71fiJ

Remove form boards
18.
Rod & treat

□	□

□

dirt fill from Rear	Side
Front	ru;..m Wl
19.
Drill & treat
concrete capping at foundation wall in crawl

Drill & treat stone foundation voids
28.
Drill & treat
double brick foundation voids
29.
Drill & treat
triple brick foundation voids

□ 3.	□ 11.
Treat soil	Rod & treat
adjacent to	dirt filled
foundation walls	area from

r	,,

,i-i

.<.l,.l.

20..,,1w::;

D

Treat areas·,.-,.?'
lo	.
wood borers	· • •

4.
Treat soil
adjacent to piers
□5.
Drill & treat
voids in piers
□6.

above

0Tre1at2fir.eplace
or chimney
voids
□ 13.
Drill & treat
exterior slab
		that abuts
structure
14.

: ..

.	.
'iA

)6

powder post beetles

Jl!1

21.
Set wood
supports on concrete pads#

BDre2ak2g.round contact on
:ep stringers .	•  . 'Jtt )ii
23.

31.
Install
floor supports #
32.
Install
Inspection Panel

Treat soil adjacent to pipes
□7.
Drill & treat
concrete block foundation voids

Treat inside		 perimeter of
slab from inside

L

 !	□ 14-A.
Drill & treat
. ' "	concrete
basement

Treat inside perimeter of by rodding from outsi
24.
Install
Vapor Barrier

Treat entrances	)&

33.

in slab-bathtub  i,. ,·•	. ' •I
and sewer lines • '	·  '
34.
Drill & treat
along partition

•

....:..:• i0 Z::

-

7-A.
Treat foundation
voids from above
□8.
Scrape off
termite sheller tunnels

floor
15.
Treat
expansion joints

£

16.
Provide
access to
crawl space	.

25.
Install
Auto Vents
#
26.
Prepare &
install vent shields#

wall
□Trea3.t 5are.as•;,,·
for-
dr wood termites	• ·
36.

□

Prepare floor surface for drilling

□	□

Tile	D Carpet
Hardwood	Terrazzo

37. ADDITIONAL INSTRUCTIONS 	

Nader’s Pest Raiders		Shearwater	Welcome Center	
193 San Marco Ave		100 Kayak Club Dr		
St. Augustine, Fl. 32084
(904) 671-8240	
8-5-22	St. Augustine, Fl. 32095
(904)342-3737	
8-5-22	

JL

JL JL JL

JL JL JL
JL
217205200

1
220	37

Jason Longo	8-5-22	JE208690

CUSTOMER SERVICE INFORMATION & PRECAUTIONS
If liquid treatment was required and was performed at the time of this visit, please review and follow the instructions below. If you have any questions or concerns, please contact your local NADER'S office

1, IF YOU HAVE CRAWL SPACE CONSTRUCTION:
If the air circulation system is located in the crawl space. it has been turned off during Nader's treatment process Please allow the system to remain off until all treatment materials have been absorbed into the soil.
IF YOU DETECT LEAKAGE OF TREATMENT MATERIALS:
All treatment products must be cleaned up by authorized Nader's personnel and according to Nader's Spill Control Procedures Please notify Nader's if you discover leakage of treatment materials in non-target locations. Humans & pets should be removed from the structure and not re­ enter area(s) until the clean-up procedure has been completed
IF YOU FIND TREATMENT HOLES THAT ARE NOT RE-SEALED:
All treatment holes in slabs or interior areas must be re-sealed with non-cellulose material Please notify Nader's if you notice any treatment holes are not re-sealed
NO CONTACT WITH TREATED AREAS:
Do not allow unprotected persons, children, or pets to touch, enter or replace items or bedding, to contact or enter treated area(s) until dry

VENTILATION PRIOR TO RE-OCCUPYING:
Vacate & keep area(s) closed up to 30 minutes after treatment, then ventilate area(s) for up to 2 hours before re-occupying.

IJ

WE ARE COMMITTED TO PROVIDE YOU WITH THE QUALITY SERVICE THAT YOU DESERVE AND EXPECT. WE APPRECIATE YOUR BUSINESS. NADER'S PEST RAIDERS

.  ,,

,  1..IJ	,--JL-----

Material / System Used

-	l}' 
Target Pest

#	Product Name	Active Ingredient	EPA Reg.#	1	Subterranean Termites	
110	Altriset	Chlorantraniliprole O 05%	352-829	2	Drywood Termites	
120	Alpine Ant & Termite Foam	Dinotefuran 0 025%	499-526	3	Powder Post Beetles	
130	Bora-Care 1 to 1 solution 23%	Disodium Octaborate Tetrahydrnte	64405-1	4	Wood Borinq Beetles	
I  140	Bora-Care 2 to 1 solution 16%	Disodium Octaborate Tetrahydrate	64405-1	5	Wood Decay Funqi	

150 I Bora-Care 3 to 1 solution 13%
160	Bora-Care 5 to 1 solution 9%
170 IPremise 75
180	Premise 75
190	Premise Preconstruction
200	Premise Foam
210	Recruit AG 70 gm station
220	Recruit HD 150 gm tube
230	Talstar Professional
240	Talstar Professional
250	Timbor 1# per gallon = 10%
260	Timbo1· 1 5# per gallon = 15%
270	Termidor Dry
280	Termidor HE
290	Termidor HE
300	Termidor 80 WG
310	Termidor SC
--
320	Termidor SC
330	Moisture Barrier
340	Foundation Vents
350	Foundation Vents
360

Disodium Octaborate Tetrahydrate Disodium Octaborate Tetrahydrate lmidacloprid 0 05%
1 lmidacloprid 0 10%
lmidacloprid 0 05%
lmidacloprid 0 05%
Noviflumuron 0 5%
Noviflumuron 0 5%
Bifenthrin 0 06%
Bifenthrin O 12%
Disodium Octaborate Tetrahydrate Disodium Octaborate Tetrahydrate Fipronil 0 05%
Fipronil 0 06%
Fipronil 0.125%
Fipronil 0 06%
Fipronil 0 06%
Fipronil 0 125%
Polyethylene 4 or 6 mil Temp Vents
Power Vent(s)

64405-1
64405-1
432-1332
432-1332
432-1331
432-1391
62719-454
62719-608
279-3206
279-3206
64405-8
64405-8
499-546
7969-329
7969-329
7926-209
7969-210
7969-210

Method of Application / Specific Area Treated
Remove all cellulose debris from craw
Treat soil adjacent to exterior foundation
Treat soil adjacent to crawl foundation
Treat soil adjacent to piers
Drill & treat voids in piers
7	Drill & treat concrete block foundation voids
Drill & treat brick veneer void
Treat inside perimeter of garaqe slab
10a	Treat inside perimeter of garage by rodding from crawl
Rod & treat dirt filled area from above
Treat fireplace or chimney voids
Drill & treat exterior slab that abuts structure
Treat inside perimeter of slab from inside 14a Dnll & Treat concrete basement floor
Treat expansion joints
17	Remove form boards
20	Wood treatment
Treat inside perimeter of slab by rodding from outside
Install vapor barrier
Install auto and/or power vents
Drill & treat double brick foundation voids

360			33	Treat entrances io slab-bathtub & sewer lines	
390			34	Drill & treat along partition wall	
400			37	Install Sentricon around structure	
410					

370	-

Drill & treat triple brick foundation voids

NICOLE "NIKKI" FRIED COMMISSIONER

Florida Department of Agriculture and Consumer Services Division of Agricultural Environmental Services

Bureau of Inspection and Incident Response
3125 Conner Blvd, Suite N, Tallahassee, FL 32399-1650 b1lrcomplalnts@freshfromflorida,com

CONSUMER NOTICE FORM
Rule 5E-14.105, F.A C.
Telephone: (850) 617-7996; Fax: (850) 617-7968

A pest control company must give you a written contract prior to any treatment of each wo0d-deslroyfng organism. It Is very important that you read and understand the contract you are signing, The pest control company is only obligated to follow the terms of the- contract you have signed, regc1rdless of other statements by the company or salesperson. (Note: Contracts
for treatment for new construction can be issued to the builder and provided to you at closing).

BASIC REQUIREMENTS FOR CONTRACTS
The contract must state the common name of the wood-destroying organism to be controlled by the company (e.g. subterranean termite, powder post beetle). If the contract is for termite control, the contract must clearly state whether Formosan termites are covered or not.
Some contracts do not include a treatment at the time the contract is issued, and that should be clearly stated. If a treatment is performed as part of the contract, the cost for the treatment must be stated. If the treatment is only for certain areas, the contract should clearly state that it is for "spot treatment" only.
The contract must state if it is a retreatment only or a retreatment and repair contract. If it is a retreatment and repair contract, carefully read the sections of the contract that state when repairs will or will not be covered by the contract.
REQUIREMENTS FOR STATING WHEN TREATMENT OR REPAIR WILL NOT BE COVERED BY THE CONTRACT
Repair contracts will not cover repairs from termite damage under every condition. The contract must state when retreatment or repair will be done, and conditions under which the company can refuse to retreat or repair
These conditions have to be stated and be under headings in the contract that are in bold print. Companies typically refuse repair or retreatment if the condition of the house is such that moisture or leaks result in termite infestation, or where siding makes it hard to see termite infestation
Examples of this are:

Cracks in concrete slabs
Wood or wall siding in contact with ground
Plumbing leaks

Leaks in the roof
Water accumulating against side of house

The law does require that companies notify you if they see conditions which would void the repair promise and they have to give you a chance to correct tile condition before voiding the contract or denying repair coverage.

Contracts may have a condition that does not cover Formosan termite damage until a specific time period has passed. This means that if damage occurs during this period the company will not pay for repair.
You have the right to compare contracts from other companies before signing a contract with a company. Choose the company that gives you the best contract options.
If you have any questions about the terms of the contract, or concerns about the compliance history of the company with regard to pest control laws or regulations, contact the Department cf Agriculture and Consumer Services at phone number: 850-617-7996 or email: biircomplaints@freshfrornflorlda.com.

I understand that I am entering into a contract with

Nader’s Pest Raiders

(fill in company name) to

provide wood-destroying organism(s) treatment, and I have read and understood the terms of the contract.

Shearwater
Print Name of Consumer

Date: _8-5-22	 _

Signature of Consumer

Title:	 -'-P-'-ro=p"'-'e=rt..,_.y.._O=-'-'w'-'-n=e-'-r..:ao.:=...ar=ut"'-h=o"""ri=ze=d='-=a=q=en:.:.;t,	

Jason Longo

Dale. 8-5-22	 _

Company·	 _

This contract provides for re-treatment of a structure and the repair of damages caused by wood destroying organisms within the limits stated in this contract.

Maintenance Building

DAMAGE REPAIR AND RETREAT GUARANTEE LIQUID APPLICATION SERVICE AGREEMENT
for Subterranean Termites

 Shearwater		 Trout Creek	
Account Name - First	Middle Initial	Last	Billing Name

182 Kayak Way

3434 Cowell Ave	Ste 200

Service Address	Number	Street	Billing Address	Number	Street
St. Augustine, Fl. 32092	Tampa, Fl. 33614
City
(904)342-3737	State	Zip Code	City	State	Zip Code
(904)436-6270	
Service Phone: 0 Home	□Office	0 Fax Line	Billing Phone: O Home	□Office	0 Fax Line	
□Tenant	0 Contact Person	O Home Phone	0 Office Phone	New Home Owner	0 Home Phone	0 Office Phone	
TYPE OF STRUCTURE:0 RESIDENTIAL. ....181 COMMERCIAL.	□MULTI-UNIT: BLDGS. #: 	 _
TYPE OF CONSTRUCTION: 0 CRAWL SPACE........181 SLAB.....□ BASEMENT. .....□ OTHER: 	 _
STRUCTURES FOR SERVICE:0 MAIN DWELLING .............•....Iii OTHER:----=------,,..,,..,.-----,-----
TYPE OF INITIAL TREATMENT:	POST-CONSTRUCTION	□ PRE-CONSTRUCTION ADDITION
PURPOSE OF SERVICE: 181 PREVENTION ..................□PRESUMPTIVE EVIDENCE	0. EXISTING INFESTATION
LOCATION OF NOTICE OF SERVICE (FL):0 N/A............O ATTIC..............□ CRAWL.	□ OTHER: 	 _

INITIAL INVESTMENT
Termite Treatment ..............................,$  700.00	 _

METHOD OF PAYMENT
BALANCE OF ................................_	$	 _

Advanced Renewal Fee	$ 	 _
Applicable Sales Tax ............................$ 	 _

0 Due Upon Completion by: 0 CHECK  O CASH O CREDIT CARD
D To be paid from Closing Proceeds or Within 30 Days, Whichever is First

TOTAL INITIAL COST ..............,	$ 	 _

D Approved Financing 	 Payments @ $ 	

per month

Down Payment,.....,..............................$		□CHECK#	□CASH  □MIC  □VISA  O0/C  □AMEX
BALANCE DUE ..................................$ _700.00	 _
THE FOLLOWING GUARANTEE (S) CHECKED BELOW WILL BE EFFECTIVE UPON COMPLETION OF TREATMENT & NADER'S RECEIVING FULL PAYMENT. SEE THE REVERSE SIDE FOR A DETAILED EXPLANATION OF GUARANTEE ALONG WITH ALL DISCLAIMERS, LIMITATIONS, CONDITIONS OR EXCLUSIONS REGARDING THIS GUARANTEE.

i2S) DAMAGE REPAIR & RETREAT GUARANTEE for:
Eastern Subterranean Termites* ............................ Annual Renewal Fee	$	 _
*Does NOT include Formosan Termites

SERVICE PROVISIONS

The initial treatment shall be guaranteed for a period of one (1) year from the date the property is first treated, or in the case of new construction pretreatment, one year from the date of the original closing. The guarantee may be renewed annually for up to four (4) additional years provided that the COMPANY has an opportunity to visually re-inspect the treated property on a periodic basis and payment of the Annual Renewal Fee is made on or before the expiration of the annual guarantee period. The COMPANY guarantee the amount of the Annual Renewal to remain fixed as listed above for the first year. The COMPANY reseNes the right to increase the Annual Renewal Fee after the first year, by giving the guarantee holder a minimum thirty day notice of the renewal rate.

Accepted By: NADER'S PEST RAIDERS

! 	

TO THE PERSONAL, FAMILY OR HOUSEHOLD CONSUMER:  If

Service Representative	Date		
Office Address			
Office Phone

Manager Approval:0 Yes O No	,..Date 		

/ 	Fax Line

_	

this is in a home solicitation you may cancel this agreement by providing written notice to the seller in person or by mail. This notice must indicate that you do not want the goods or services and must be delivered or postmarked before midnight of the third business day after you sign this agreement. If you cancel this agreement, the seller cannot keep any part of a cash down payment. You are entitled to and should receive an exact executed copy of this agreement. This agreement is contingent on the approval of the service center manager.
Accepted By: 0  OWNER  O AUTHORIZED AGENT

Signature: 		 _ Print Name: 	 _

Manager's Signature: 	 _
NDR-SAS-040 Revised 2/11

Title: 	 Date:   	/   	/  

Bureau of Inspection and Incident
Response
3125 Conner Blvd, Suite NI, Tallahassee, FL 32399-1650 blircomplaints@freshfromflorida.com

Florida Department of Agriculture an,dl Cornsu1mer Services

NJICOLE"NIKKI" FRIED
COMMISSIONER

Division of Agricultural Environmental Services	,,
CONSUMER NOTICE FORM
Rule 5E-14.105, F.A.C.
Telephone: (850) 617-7996; Fax: (850} 617-7968	•

A pest cor1trol company must give you a wr1tten contract prior to any treatment of each wood-des1roying organism. It is very Important that you read and undetstand the conbract you are 5,igning. The pest control co111pany is ohly obligated to follow the terms of the contract you have signed, regardless of other statements by the com any or salesp·erson. (Note: Contracts for treatment for new construction can be issued to tlhe builder and provided to you at closing).

BASIC RIEQUIREMENTS FOR CONTRACTS
"		The contract must state the comm·on name of the,wood-destroying organi8m to be controlled by the company (e.g. subterranean termite, powder post beetle). If the contract is for termite control, the contract must clearly state whether Formosan t,ermit,es are covered or not.
Some contracts do not include a treatment at the time the contract is issued,, and that should be clearly stated. If a treatm,ent is performed as part of the ,contract, the cost for the treatment must be stated. If the treatment is only for certain areas, the contract should clearly state that it is for "spot treatment" only.
Th,e contract must state if it is a retreatment only or a retreatment and repair contract. If it is a r,etreatm.ent and repair contract, carefully read the sections of the contract that state when repairs will or will not be covered by the contract.
REQUIREMENTS FOR STATING WHEN TREATMENT OR REPA RWILL NOT BE COVERED BY THE CONTRACT
"  Repair contracts will not cover repairs from termite damage under every condition. The contract must state ·when retreatment or repair will be done. and conditions under which the company can refuse to retreat or repair.
These condit1ions have to be stated and be und,er headings in the contract. that are in bold print. Companies typically refuse repair or retreatment if the condition of the house is such that moisture or leaks result in termite infestation, or where s1iding makes it hard to see ter1mite infestation
Examples of this are:

Cracks in concrete slabs
Wood or wall siding in contact with ground
Plumbing leaks

Leaks in the roof
Waiter accumulating against side of house

The law does require that companies notify yo,u if they see conditions which would void the repair promise and they have to give you a ch.ance to correct the condition before voiding the contract or denying repair coverage.
Contracts may have a condition that does not cover Formosan termite damage untiil a specific time period has passed. This means that if damage occurs during this period the company will not pay for repair.
You hav,e the right to compare contracts from other companies before signing a contract wiith a company. Choose the company that gives you the best contract options.
If you have any questions about the terms of the contract. or concerns about the compliance history of the company with regard to pest control laws or regulations,, contact the-Department of Agriculture a11d Consumer Services at phone number: 850-617-7996 or email: biircomplaints@fireshfiro1nflorida.com.

I understand that I am entering into a contract w1ith	Nader's Pest Raiders	(fill in company name) to
provide wood-destroying organism(s) treatment, and I h.ave r,e,ad and understood the terms of the contract.

Shearwater

Date:

8-5-22

Print Name of Co11sumer

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

Signature or Consumer

Title:	

-=-P-=-ro=p=e=rt..c....y'-Owtl=e"""f"""o""""ra=u=tho'"'"·r=iz=e=d-=a=g=e-=-n-=-t    

Jason Longo	

Date:8-5-22	

gnature o P	I Control Representative
FDACS-136  2 Rev. 09/15

Company: Nader's Pest Raiders