Scenic Highway
Community Development District Agenda
April 20, 2023

Agenda

Scenic Highway
Community Development District

219 E. Livingston St., Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526

April 13, 2023

Board of Supervisors Scenic Highway
Community Development District

Dear Board Members:

The regular meeting of the Board of Supervisors of the Scenic Highway Community Development District will be held Thursday, April 20, 2023 at 9:30 AM at the Holiday Inn— Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, FL 33880.

Those members of the public wishing to attend the meeting can do so using the information below:

Zoom Video Link: https://us06web.zoom.us/j/81785812872
Zoom Call-In Number: 1-646-876-9923
Meeting ID: 831 4845 3275

Roll Call
Public Comment Period (1Speakers will fill out a card and submit it to the District Manager prior to the beginning of the meeting)
Approval of Minutes of the October 20, 2022 Board of Supervisors Meeting
Consideration of Resolution 2023-01 Approving the Proposed Fiscal Year 2024 Budget and Setting a Public Hearing for Budget Adoption
Consideration of Quit Claim Deed Between Scenic Highway CDD and JMBI Real Estate, LLC
Ratification of Fiscal Year 2023 Data Usage Agreement with Polk County Property Appraiser
Ratification of Contract Agreement with Polk County Property Appraiser
Review of Special Assessment Bonds, Series 2020 Rebate Report
Staff Reports
Attorney
Engineer

1 Comments will be limited to three (3) minutes

Field Manager’s Report

Consideration of Landscape and Irrigation Contract Maintenance Renewal with Prince & Sons
Consideration of Janitorial Maintenance Services Renewal with Clean Star Services of Central Florida
Consideration of Pool Maintenance Services Agreement Renewal with Resort Pool Services
Ratification of Proposal for Playground Shade Repairs with Pro Playgrounds
District Manager’s Report
Approval of Check Register
Balance Sheet & Income Statement
Other Business
Supervisors Requests and Audience Comments
Adjournment

Minutes

MINUTES OF MEETING SCENIC HIGHWAY
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Scenic Highway Community Development District was held on Thursday, October 20, 2022 at 9:00 a.m. at the Holiday Inn – Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, Florida and by Zoom Webinar.

Present and constituting a quorum were:

Lauren Schwenk by Zoom	Chairperson
Jessica Kowalski	Assistant Secretary
Lindsey Roden	Assistant Secretary Also, present were:
Tricia Adams	District Manager, GMS
Marshall Tindall	GMS
Meredith Hammock	KE Law Group
Eric Lavoie	Appointed as Vice Chairperson
Bobbie Henley	Appointed as Assistant Secretary

The following is a summary of the discussions and actions taken at the October 20, 2022 Scenic Highway Community Development District’s Regular Board of Supervisor’s Meeting.

FIRST ORDER OF BUSINESS	Roll Call
Ms. Adams asked Ms. Hammock if she would like to make a statement regarding the electronic participation allowance based on the executive order. Ms. Hammock stated that as a reminder there was an executive order in place waving the in-person requirements to constitute a quorum for 30 days from October 5th, which is why they have a quorum right now. Ms. Adams called the meeting to order. There were three members attending, constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Adams stated that there were no members of the public present.

THIRD ORDER OF BUSINESS	Organizational Matters
Acceptance of Resignation from Chuck Cavaretta
Ms. Adams presented the resignation from Chuck Cavaretta dated October 13, 2022. She noted that they needed a motion to accept the resignation from Chuck Cavaretta for seat #5 with a term that expires in November 2025.

On MOTION by Ms. Kowalski, seconded by Ms. Roden, with all in favor, Accepting the Resignation from Chuck Cavaretta, was approved.

Appointment to Fill the Vacant Board Seat
Ms. Adams asked if anyone had any nominations to fill the vacant Board seat. Ms.
Kowalski nominated Eric Lavoie.

On MOTION by Ms. Kowalski, seconded by Ms. Roden, with all in favor, Appointing Eric Lavoie to the Board of Supervisors, was approved.

Administration of Oath to Newly Appointed Supervisor
Ms. Adams administered the oath to Supervisor Eric Lavoie. Ms. Hammock reviewed Florida’s ethics laws with Mr. Lavoie and stated that he needed to fill out the Form 1 within 30 days. She stated that she was available if he had any questions.

Acceptance of Resignation from Rennie Heath
Ms. Adams presented the resignation from Rennie Heath.

On MOTION by Ms. Kowalski, seconded by Ms. Roden, with all in favor, Accepting the Resignation from Rennie Heath, was approved.

Appointment to Fill the Vacant Board Seat
Ms. Adams asked if anyone had any nominations to fill seat #1 with the term expiring in 2023. Ms. Kowalski nominated Bobbie Henley.

On MOTION by Ms. Kowalski, seconded by Ms. Roden, with all in favor, Appointing Bobbie Henley to the Board of Supervisors, was approved.

Administration of Oath to Newly Appointed Supervisor
Ms. Adams administered the oath to Supervisor Bobbie Henley. She noted that they now have five Board members in attendance and all future action would include all five Board members participation.

Consideration of Resolution 2023-01 Appointing Assistant Secretary
Ms. Adams stated that once there was an appointment to the Board or after an election, they would reconsider the election of officers. She noted that Supervisor Heath had been serving as the Chairman for this Board. She gave the Board the option to reconsider all officers, or they could appoint the new Board members as Assistant Secretaries and then consider how they wanted to organize as Chair and Vice Chair.
Ms. Roden asked for a motion to appoint Ms. Lauren Schwenk as Chairman and Mr. Eric Lavoie as Vice Chairman. Ms. Adams added to appoint Ms. Bobbie Henley as an Assistant Secretary. She reviewed the Board that was serving currently stating that Ms. Jill Burns was serving as Secretary, George Flint was serving as Assistant Secretary and Treasurer, and Katie Costa was as Assistant Treasurer. She asked to add herself, Tricia Adams, to serve as an Assistant Secretary for the purpose of attesting the Chair’s signature and executing documents. She asked to amend the motion to appoint Ms. Lauren Schwenk as Chairman, Mr. Eric Lavoie as Vice Chairman, and all other officers to remain the same with Ms. Bobbie Henley added as an Assistant Secretary and Ms. Tricia Adams being added as an Assistant Secretary.

On MOTION by Ms. Roden, seconded by Ms. Kowalski, with all in favor, Resolution 2023-01 Appointing Ms. Lauren Schwenk as Chairman, Mr. Eric Lavoie as Vice Chairman, and All Other Officers Will Remain the Same with Ms. Bobbie Henley and Ms. Tricia Adams as Assistant Secretaries, was approved.

FOURTH ORDER OF BUSINESS	Approval of Minutes of the July 21, 2022
Board of Supervisors Meeting
Ms. Adams presented the minutes of the July 21, 2022 Board of Supervisors meeting minutes and asked for any comments or corrections. The Board had no changes to the minutes.

On MOTION by Ms. Roden, seconded by Ms. Kowalski, with all in favor, the Minutes of the July 21, 2022 Board of Supervisors Meeting, were approved.

FIFTH ORDER OF BUSINESS	Consideration	of	Audit	Services
Engagement Letter for Fiscal Year 2022
Ms. Adams stated that this item was included in the agenda packet on page 20 of the PDF. She explained that they had an audit engagement letter from McDirmit Davis, and it was for the fiscal year that recently ended on September 30th, 2022. She stated that the audit engagement letter terms were embedded on page 4 of the audit and was $4,400, which was consistent with the audit agreement that this District has with McDirmit Davis. She stated that she would be happy to answer any questions. Hearing none,

On MOTION by Ms. Henley, seconded by Ms. Kowalski, with all in favor, the Audit Services Engagement Letter for Fiscal Year 2022, was approved.

SIXTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Hammock stated that there was nothing to report.

Engineer
There being none, the next item followed.

Field Manager’s Report
Hurricane Ian Assessment – Maintenance and Repair
Mr. Tindall stated that prior to the hurricane their staff assessed everything and secured the amenity facility. He noted that they took all the furniture and stacked it close to the buildings and strapped it so that it would not blow away. He noted that they secured garbage can lids, etc. He noted that this facility did very well overall following the storm. He noted that they assessed the

facility the following the storm. He stated that the erosion repairs that they did previously had held up. He also noted that the fence around the community had a lot of damage. He stated that they were scheduling fence repairs as soon as possible. He explained that they were doing it in stages and would pick up all the loose fence material and install what is good. Ms. Roden asked who paid for the repairs. Ms. Adams responded that the insurance deductible was a percentage of the value, and they were not likely to meet the insurance deductible threshold, so this would be absorbed into their regular operating budget for the fiscal year. She noted that if the repairs had exceeded the insurance deductible, they would have certainly filed a claim. Mr. Tindall stated that once they pick up all the loose fence material, install what is good and assess what needs to be replaced, then they will go through and the order materials to be installed.
Mr. Tindall stated that beyond that they would be monitoring the new maintenance contracts and the landscaping. He noted that the large pond in the back had got a little hairy and Prince should be taking care of that by bush hogging that more frequently. He stated that the dog park benches and agility course had been completed and looked good. He noted that the facility shade structure installation was completed also. He stated that overall, the landscaping looked good. He noted one issue currently was the irrigation. He explained that there was an approved well repair and they were working to get that installed. He noted that it was scheduled to be installed around the time the hurricane hit. He explained that once the well was replaced, they would go through and reassess the irrigation and could see what they could do about reducing the iron content. He stated that they would discuss with Prince about possibly adjusting the heads as opposed to doing a filtration system. He noted that the solar lights that were installed at the mailboxes look good and some minor repairs around the facility were completed also. He stated that the erosion repairs were done. The approved drain line extension and repair was completed. He stated that the original proposal was done and in-between the original proposal and the actual approval, the washout got worse. So, there was a small increase to the original proposal which was roughly $300. He added that during that time there was some discussion about trying to get one of the original vendors to come back for some erosion that had occurred near both lift stations on the embankments leading down to the detention ponds. He explained that it was taking a long time and there was no guarantee that those repairs would have been done and the erosion was getting worse. It was noted that while the crew and equipment were mobilized for the drain line, additional areas were repaired at the same time as the drain line extension to prevent jeopardizing existing

infrastructure. Ms. Adams added that the emergency repairs were authorized by the Chair as an emergency repair in-between the meetings. Mr. Tindall noted that they were monitoring the signs that were damaged and trying to get everything re-installed.

District Manager’s Report
Approval of Check Register
Mr. Adams stated that the check register from July 13th through October 7th, 2022 was included in the package on page 41 of the PDF for review. She noted that the amount was
$195,345.02. She noted that there was a detailed check run summary that was included behind the register. She explained that she would be happy to answer any questions. Hearing none,

On MOTION by Mr. Kowalski, seconded by Ms. Roden, with all in favor, the Check Register, was approved.

Balance Sheet and Income Statement
Ms. Adams stated that the unaudited financials were through August 31, 2022 and were included in the package. She stated that in their unassigned cash balance for their general fund on page 1 of the financials, they had a balance of $169,485. She also noted that this Board had did a great job controlling expenses and their overall actual expenses compared to prorated were under. There was no action needed.

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

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

NINTH ORDER OF BUSINESS	CLOSED  Session  of  Board  Discussion
Regarding Security
Ms. Adams stated that this Board had budgeted $34,000 for security services for the current fiscal year, which stated in October and would end next September. She noted that they had been in communication with Securitas regarding the on-boarding schedule and right now a lot of the

security out of central Florida were now working down in Fort Myers, so the soonest that they could on-board security at this District, if the Board approved, would be December 1st. She added that they would not be realizing the entire fiscal year impact of this, they would just be having a partial fiscal year impact. She noted again that staff was recommending the $30,177 option. She explained that she would be happy to answer any questions. Ms. Adams closed the security session.

TENTH ORDER OF BUSINESS	Board Action Regarding Security Matters
Ms. Adams presented the motion to approve Option #2.

On MOTION by Mr. Lavoie, seconded by Ms. Roden, with all in favor, Accepting the Proposal from Securitas, was approved.

ELEVENTH ORDER OF BUSINESS	Adjournment

On MOTION by Ms. Kowalski, seconded by Ms. Roden, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section IV

RESOLUTION 2023-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SCENIC HIGHWAY COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2024 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Scenic Highway Community Development District (“District”) a proposed budget (“Proposed Budget”) for the fiscal year ending September 30, 2024 (“Fiscal Year 2024”); and

WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.

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

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2024 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:

DATE:	July 20, 2023

HOUR:	9:30 A.M.

LOCATION:	Holiday Inn Winter Haven
200 Cypress Gardens Blvd. Winter Haven, FL 33880

TRANSMITTAL OF PROPOSED BUDGET TO LOCAL GENERAL-
PURPOSE GOVERNMENTS. The District Manager is hereby directed to submit a copy of the Proposed Budget to Polk County at least 60 days prior to the hearing set above.

POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 2 and shall remain on the website for at least 45 days.

PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.

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.

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

PASSED AND ADOPTED THIS 	DAY OF 	2023.

ATTEST:	SCENIC HIGHWAY COMMUNITY DEVELOPMENT DISTRICT

By:	
Secretary / Assistant Secretary	Its:	

Exhibit A:	Fiscal Year 2024 Proposed Budget

Exhibit A
Fiscal Year 2024 Proposed Budget

Scenic Highway
Community  Development  District

Proposed Budget
FY2024

Table of Contents

1-2

3-7

8

9-10

General Fund

General Fund Narrative

Series 2020 Debt Service Fund

Series 2020 Amortization Schedule

11	Capital Reserve Fund

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2023	2/28/23	7 Months	9/30/23	FY2024	

Revenues						
Assessments	$	410,340	$	400,568	$	9,772	$	410,340	$	410,340	
Miscellaneous Revenue	$	-	$	3,985	$	-	$	3,985	$	-	
Total Revenues	$	410,340	$	404,553	$	9,772	$	414,325	$	410,340	

Expenditures						
Administrative
Supervisor Fees	
$	12,000	
$	1,000	
$	7,000	
$	8,000	
$	12,000	
Engineering	$	15,000	$	-	$	7,500	$	7,500	$	13,000	
Attorney	$	30,000	$	1,616	$	7,500	$	9,116	$	25,000	
Annual Audit	$	3,500	$	-	$	3,500	$	3,500	$	3,500	
Assessment Administration	$	5,000	$	5,000	$	-	$	5,000	$	5,300	
Arbitrage	$	450	$	900	$	-	$	900	$	450	
Dissemination	$	5,000	$	2,083	$	2,917	$	5,000	$	5,000	
Trustee Fees	$	3,550	$	4,041	$	-	$	4,041	$	4,041	
Management Fees	$	36,750	$	15,313	$	21,438	$	36,750	$	40,000	
Information Technology	$	1,800	$	750	$	1,050	$	1,800	$	1,800	
Website Maintenance	$	1,200	$	500	$	700	$	1,200	$	1,200	
Postage & Delivery	$	1,000	$	399	$	583	$	982	$	1,000	
Insurance	$	6,684	$	5,988	$	-	$	5,988	$	6,886	
Copies	$	1,000	$	-	$	50	$	50	$	-	
Legal Advertising	$	5,000	$	455	$	2,500	$	2,955	$	5,000	
Other Current Charges	$	5,000	$	229	$	280	$	509	$	1,500	
Office Supplies	$	625	$	4	$	50	$	54	$	500	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	133,734	$	38,452	$	55,068	$	93,519	$	126,352	

Operations & Maintenance						
Field Services
Property Insurance	
$	10,000	
$	13,224	
$	-	
$	13,224	
$	19,836	
Field Management	$	15,750	$	6,563	$	9,188	$	15,750	$	16,695	
Landscape Maintenance	$	34,040	$	14,183	$	13,218	$	27,402	$	49,872	
Landscape Replacement	$	15,000	$	-	$	6,500	$	6,500	$	13,000	
Streetlights	$	14,520	$	5,403	$	7,700	$	13,103	$	14,520	
Electric	$	9,240	$	1,147	$	2,240	$	3,387	$	4,224	
Water & Sewer	$	2,400	$	-	$	-	$	-	$	-	
Sidewalk & Asphalt Maintenance	$	2,500	$	-	$	1,250	$	1,250	$	2,500	
Irrigation Repairs	$	7,500	$	1,805	$	2,526	$	4,331	$	7,500	
General Repairs & Maintenance	$	10,000	$	8,795	$	1,205	$	10,000	$	10,000	
Contingency	$	7,500	$	13,629	$	5,000	$	18,629	$	7,500	
Subtotal Field Services	$	128,450	$	64,749	$	48,827	$	113,576	$	145,647	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2023	2/28/23	7 Months	9/30/23	FY2024	

Amenity Expenditures
Amenity - Electric	

$	8,580	

$	2,229	

$	3,920	

$	6,149	

$	7,392	
Amenity - Water	$	9,900	$	1,539	$	2,880	$	4,419	$	4,224	
Playground & Furniture Lease	$	31,488	$	13,117	$	18,368	$	31,485	$	31,488	
Internet	$	1,452	$	475	$	665	$	1,140	$	1,254	
Pest Control	$	456	$	40	$	416	$	456	$	528	
Janitorial Service	$	5,400	$	2,125	$	2,975	$	5,100	$	8,700	
Security Services	$	34,000	$	7,274	$	17,500	$	24,774	$	37,000	
Pool Maintenance	$	11,700	$	7,500	$	10,500	$	18,000	$	19,800	
Amenity Access Management	$	5,000	$	2,083	$	2,917	$	5,000	$	5,250	
Amenity Repairs & Maintenance	$	10,000	$	695	$	5,000	$	5,695	$	10,000	
Contingency	$	7,500	$	-	$	3,750	$	3,750	$	7,500	
Subtotal Amenity Expenditures	$	125,476	$	37,078	$	68,891	$	105,968	$	133,136	
						
Total Operations & Maintenance	$	253,926	$	101,827	$	117,718	$	219,544	$	278,783	

Other Expenditures
Capital Reserves - Transfer	

$	22,680	

$	-	

$	22,680	

$	22,680	

$	5,205	
Total Other Expenditures	$	22,680	$	-	$	22,680	$	22,680	$	5,205	
						
Total Expenditures	$	410,340	$	140,279	$	195,465	$	335,744	$	410,340	
						
Excess Revenues/(Expenditures)	$	-	$	264,275	$	(185,693)	$	78,581	$	-	

Net Assessments	
$410,340	
Add: Discounts & Collections 7%		$30,886 	
Gross Assessments		$441,226 	
Assessable Units	368	
Per Unit Gross Assessment		$1,198.98 	

Revenues:

Assessments

The District will levy a non-ad valorem assessment on all the assessable property within the District in order to pay for operating expenditures during the fiscal year.

Expenditures:

Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed
$4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

Engineering

The District's engineer, Wood & Associates, provides general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel, Kilinski|Van Wyk, PLLC, provides general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis. McDirmit Davis provides these services.

Assessment Administration

The District is contracted with Governmental Management Services – Central Florida, LLC to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its Series 2020 bonds.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This cost is based upon the Series 2020 bond series. Governmental Management Services – Central Florida, LLC completes these reporting requirements.
Trustee Fees

The District will incur trustee related costs with the Series 2020 bonds.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

Represents various cost of information technology for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc. Governmental Management Services – Central Florida, LLC provides these systems.

Website Maintenance

Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc. Governmental Management Services – Central Florida, LLC provides these services.

Postage & Delivery

The District incurs charges for mailing, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance coverage is provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Copies

Printing agenda items for board meetings, printing of computerized checks, stationary, envelopes, etc.

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Other Current Charges

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

Office Supplies

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Economic Opportunity for
$175. This is the only expense under this category for the District.

Operations & Maintenance:

Field Services

Property Insurance

The District’s property insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Field Management

The District is contracted with Governmental Management Services-Central Florida, LLC for onsite field management of contracts for the District such as landscape and lake maintenance. Services include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Landscape Maintenance

Represents the estimated maintenance of the landscaping within the common areas of the District after the installation of landscape material has been completed. The District has contracted with Prince & Sons, Inc. to provide these services.

Description	Monthly	Annually	
Landscape Maintenance
Total	$4,156		$49,872 
$49,872	

Landscape Replacement

Represents the estimated cost of replacing landscaping within the common areas of the District.

Streetlights

Represents the cost to maintain street lights within the District boundaries.

Electric

Represents current and estimated electric charges of common areas throughout the District.

Sidewalk & Asphalt Maintenance

Represents the estimated costs of maintaining the sidewalks and asphalt throughout the District’s Boundary.

Irrigation Repairs

Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.

Amenity Expenditures

Amenity - Electric

Represents estimated electric charges for the District’s amenity facilities.

Amenity – Water

Represents estimated water charges for the District’s amenity facilities.

Playground & Furniture Lease

The District has entered into a leasing agreement with 83 Holdings, LLC for playground and pool furniture installed in the community.

Description	Monthly	Annually	
Playground & Furniture Lease
Total	$2,624		$31,488 
$31,488	

Internet

Represents internet services used at the Amenity Center.

Pest Control

The District incurs costs for pest control treatments to its amenity facilities.

Janitorial Services

Represents the costs to provide janitorial services for the District’s amenity facilities. These services are provided by CSS Clean Star Services of Central Florida, Inc.

Description	Monthly	Annually	
Janitorial Services
Total	$725		$8,700 
$8,700	

Security Services

Represents the estimated cost of monthly security services for the District’s amenity facilities as well as maintaining security systems in place. Services are provided by Securitas.

Pool Maintenance

The district is contracted with Resort Pool Services for regular cleaning and treatments of the District’s pool.

Description	Monthly	Annually	
Pool Maintenance
Total	$1,650		$19,800 
$19,800	

Amenity Access Management

Represents the cost of managing and monitoring access to the District’s amenity facilities. Services are provided by Governmental Management Services – Central Florida, LLC.

Amenity Repairs & Maintenance

Represents estimated costs for repairs and maintenance of the District’s amenity facilities.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any amenity category.

Other Expenditures:

Capital Reserves - Transfer

Funds collected and reserved for the replacement of and/or purchase of new capital improvements throughout the District.

Proposed Budget
Series 2020 Debt Service Fund

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2023	2/28/23	7 Months	9/30/23	FY2024	

Revenues						
Special Assessments	$	459,919	$	449,018	$	10,901	$	459,919	$	459,919	
Interest	$	-	$	6,875	$	1,719	$	8,593	$	-	
Carry Forward Surplus	$	153,700	$	155,888	$	-	$	155,888	$	165,150	
Total Revenues	$	613,619	$	611,781	$	12,620	$	624,400	$	625,069	

Expenditures						
Interest Expense - 11/1	$	149,625	$	149,625	$	-	$	149,625	$	147,425	
Principal Expense - 5/1	$	160,000	$	-	$	160,000	$	160,000	$	165,000	
Interest Expense - 5/1	$	149,625	$	-	$	149,625	$	149,625	$	147,425	
Total Expenditures	$	459,250	$	149,625	$	309,625	$	459,250	$	459,850	
						
Excess Revenues/(Expenditures)	$	154,369	$	462,156	$	(297,005)	$	165,150	$	165,219	

Interest Expense 11/1/24	 $	145,156 
Total	$	145,156

Product	Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family	368	$	459,919	$1,250	$1,344	
	368	$	459,919			

	Series	2020 Special Assessment Bonds Amortization Schedule		
Date		Balance	Prinicpal	Interest	Total	
					
11/01/23	$	7,805,000.00	$	-	$	147,425.00	$	457,050.00	
05/01/24	$	7,805,000.00	$	165,000.00	$	147,425.00	$	-	
11/01/24	$	7,640,000.00	$	-	$	145,156.25	$	457,581.25	
05/01/25	$	7,640,000.00	$	170,000.00	$	145,156.25	$	-	
11/01/25	$	7,470,000.00	$	-	$	142,818.75	$	457,975.00	
05/01/26	$	7,470,000.00	$	175,000.00	$	142,818.75	$	-	
11/01/26	$	7,295,000.00	$	-	$	139,975.00	$	457,793.75	
05/01/27	$	7,295,000.00	$	180,000.00	$	139,975.00	$	-	
11/01/27	$	7,115,000.00	$	-	$	137,050.00	$	457,025.00	
05/01/28	$	7,115,000.00	$	185,000.00	$	137,050.00	$	-	
11/01/28	$	6,930,000.00	$	-	$	134,043.75	$	456,093.75	
05/01/29	$	6,930,000.00	$	195,000.00	$	134,043.75	$	-	
11/01/29	$	6,735,000.00	$	-	$	130,875.00	$	459,918.75	
05/01/30	$	6,735,000.00	$	200,000.00	$	130,875.00	$	-	
11/01/30	$	6,535,000.00	$	-	$	127,625.00	$	458,500.00	
05/01/31	$	6,535,000.00	$	205,000.00	$	127,625.00	$	-	
11/01/31	$	6,330,000.00	$	-	$	123,781.25	$	456,406.25	
05/01/32	$	6,330,000.00	$	215,000.00	$	123,781.25	$	-	
11/01/32	$	6,115,000.00	$	-	$	119,750.00	$	458,531.25	
05/01/33	$	6,115,000.00	$	220,000.00	$	119,750.00	$	-	
11/01/33	$	5,895,000.00	$	-	$	115,625.00	$	455,375.00	
05/01/34	$	5,895,000.00	$	230,000.00	$	115,625.00	$	-	
11/01/34	$	5,665,000.00	$	-	$	111,312.50	$	456,937.50	
05/01/35	$	5,665,000.00	$	240,000.00	$	111,312.50	$	-	
11/01/35	$	5,425,000.00	$	-	$	106,812.50	$	458,125.00	
05/01/36	$	5,425,000.00	$	250,000.00	$	106,812.50	$	-	
11/01/36	$	5,175,000.00	$	-	$	102,125.00	$	458,937.50	
05/01/37	$	5,175,000.00	$	260,000.00	$	102,125.00	$	-	
11/01/37	$	4,915,000.00	$	-	$	97,250.00	$	459,375.00	
05/01/38	$	4,915,000.00	$	270,000.00	$	97,250.00	$	-	
11/01/38	$	4,645,000.00	$	-	$	92,187.50	$	459,437.50	
05/01/39	$	4,645,000.00	$	280,000.00	$	92,187.50	$	-	
11/01/39	$	4,365,000.00	$	-	$	86,937.50	$	459,125.00	
05/01/40	$	4,365,000.00	$	290,000.00	$	86,937.50	$	-	
11/01/40	$	4,075,000.00	$	-	$	81,500.00	$	458,437.50	
05/01/41	$	4,075,000.00	$	300,000.00	$	81,500.00	$	-	
11/01/41	$	3,775,000.00	$	-	$	75,500.00	$	457,000.00	
05/01/42	$	3,775,000.00	$	315,000.00	$	75,500.00	$	-	
11/01/42	$	3,460,000.00	$	-	$	69,200.00	$	459,700.00	
05/01/43	$	3,460,000.00	$	325,000.00	$	69,200.00	$	-	
11/01/43	$	3,135,000.00	$	-	$	62,700.00	$	456,900.00	

Series 2020 Special Assessment Bonds Amortization Schedule

Date	Balance	Prinicpal	Interest	Total

05/01/44	$	3,135,000.00	$	340,000.00	$	62,700.00	$	-	
11/01/44	$	2,795,000.00	$	-	$	55,900.00	$	458,600.00	
05/01/45	$	2,795,000.00	$	355,000.00	$	55,900.00	$	-	
11/01/45	$	2,440,000.00	$	-	$	48,800.00	$	459,700.00	
05/01/46	$	2,440,000.00	$	365,000.00	$	48,800.00	$	-	
11/01/46	$	2,075,000.00	$	-	$	41,500.00	$	455,300.00	
05/01/47	$	2,075,000.00	$	380,000.00	$	41,500.00	$	-	
11/01/47	$	1,695,000.00	$	-	$	33,900.00	$	455,400.00	
05/01/48	$	1,695,000.00	$	400,000.00	$	33,900.00	$	-	
11/01/48	$	1,295,000.00	$	-	$	25,900.00	$	459,800.00	
05/01/49	$	1,295,000.00	$	415,000.00	$	25,900.00	$	-	
11/01/49	$	880,000.00	$	-	$	17,600.00	$	458,500.00	
05/01/50	$	880,000.00	$	430,000.00	$	17,600.00	$	-	
11/1/50	$	450,000.00	$	-	$	9,000.00	$	456,600.00	
5/1/51	$	450,000.00	$	450,000.00	$	9,000.00	$	459,000.00	
			$	7,965,000.00	$	5,463,750.00	$	13,735,506.25	

Proposed Budget Capital Reserve Fund

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2023	44985	7 Months	45199	FY2024	

Revenues					
Carry Forward Surplus	$	-	$	-	$	-	$	-	$	22,680	
Total Revenues	$	-	$	-	$	-	$	-	$	22,680	

Expenditures					
Capital Outlay	$	-	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	$	-	

Other Financing Sources/(Uses)
Transfer In/(Out)	

$	22,680	

$	-	$	22,680	

$	22,680	

$	5,205	
Total Other Financing Sources/(Uses)	$	22,680	$	-	$	22,680	$	22,680	$	5,205	
					
Excess Revenues/(Expenditures)	$	22,680	$	-	$	22,680	$	22,680	$	27,885	

Section V

This instrument was prepared by:

KILINSKI | VAN WYK PLLC
2016 Delta Boulevard, Suite 101
Tallahassee, Florida 32303	(This space reserved for Clerk)	

QUIT CLAIM DEED

THIS QUIT CLAIM DEED is made to be effective as of the 	day of 	, 2023, by and between SCENIC HIGHWAY COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, being situated in Polk County, Florida, and whose mailing address is 219 East Livingston Street, Orlando, Florida 32801 (“Grantor”), and JMBI REAL ESTATE, LLC, a limited liability company, with a mailing address of 346 East Central Avenue, Winter Haven, Florida 33880 (“Grantee”).

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

WITNESSETH

THAT GRANTOR, for good and valuable consideration to it in hand paid by Grantee, the receipt and sufficiency whereof are hereby acknowledged, hereby remises, releases and quit-claims to Grantee forever, all the right, title, interest, claim and demand which the Grantor has in and to the following described lot, piece or parcel of land, situate, lying and being in the County of Polk, State of Florida, and more particularly below (“Property”):

“SEE ATTACHED EXHIBIT A”

TO HAVE AND TO HOLD the same forever, subject to taxes for the year hereof and subsequent years, as applicable, and all easements, restrictions, reservations, conditions, covenants, limitations and agreements of record. This reference to such matters of record shall not operate to re-impose the same. Grantor agrees and covenants that it has not and shall not grant or exercise any rights in the easement areas that are materially inconsistent with, or which materially interfere with, the rights herein granted to the District.

Such conveyance is subject to all matters of record; however, reference hereto shall not operate to re-impose the same.

[CONTINUED ON FOLLOWING PAGE]

IN WITNESS WHEREOF, Grantor has caused these presents to be executed to be effective as of the day and year first above written.
Signed, sealed and delivered	SCENIC HIGHWAY COMMUNITY DEVELOPMENT DISTRICT
in the presence of:

By:		 Print Name:		Name: 	
Title: 	

Print Name:	

STATE OF FLORIDA
COUNTY OF 	

The foregoing instrument was acknowledged before me by means of ▢ physical presence or ▢ online

notarization,	this		

day	of

	,	2023,	by		,	as

	 of the Board of Supervisors of the Scenic Highway Community Development District on its behalf.	He [	] is personally known to me or [	] produced
	as identification.

Notary Public, State of 	

Exhibit A

ALL DOCUMENTS PREPARED BY PENNONI ASSOCIATES ARE INSTRUMENTS OF SERVICE IN RESPECT OF THE PROJECT. THEY ARE NOT INTENDED OR REPRESENTED TO BE SUITABLE FOR REUSE BY OWNER OR OTHERS ON THE EXTENSIONS OF THE PROJECT OR ON ANY OTHER PROJECT. ANY REUSE WITHOUT WRITTEN VERIFICATION OR ADAPTATION BY PENNONI ASSOCIATES FOR THE SPECIFIC PURPOSE INTENDED WILL BE AT OWNERS SOLE RISK AND WITHOUT LIABILITY OR LEGAL EXPOSURE TO PENNONI ASSOCIATES; AND OWNER SHALL INDEMNIFY AND HOLD HARMLESS PENNONI ASSOCIATES

PROJECT DATE

DENWD18002

FROM ALL CLAIMS, DAMAGES, LOSSES AND EXPENSES ARISING OUT OF OR RESULTING THEREFROM.

MAGNOLIA PARK PHASES 1 & 2
N. SCENIC HIGHWAY, LAKE WALES, FLORIDA 33898
SECTION 4, TOWNSHIP 28 SOUTH, RANGE 27 EAST, POLK COUNTY, FLORIDA

DRAWING SCALE DRAWN BY
APPROVED BY

1"=80'
MFJ RFD

401 Third Street SW Winter Haven, FL 33880

LEGAL DESCRIPTION	V-DESC
WOOD & ASSOCIATES ENGINEERING, LLC

T 863.324.1112  F 863.294.6185

1925 BARTOW AVENUE SUITE 100
LAKELAND, FLORIDA 33801

SHEET  1  OF  3

	

						

0	80'	160'

SCALE: 1" = 80'

	

			

MATCHLINE (SEE SHEET 3 OF 3)

ALL DOCUMENTS PREPARED BY PENNONI ASSOCIATES ARE INSTRUMENTS OF SERVICE IN RESPECT OF THE PROJECT. THEY ARE NOT INTENDED OR REPRESENTED TO BE SUITABLE FOR REUSE BY OWNER OR OTHERS ON THE EXTENSIONS OF THE PROJECT OR ON ANY OTHER PROJECT. ANY REUSE WITHOUT WRITTEN VERIFICATION OR ADAPTATION BY PENNONI ASSOCIATES FOR THE SPECIFIC PURPOSE INTENDED WILL BE AT OWNERS SOLE RISK AND WITHOUT LIABILITY OR LEGAL EXPOSURE TO PENNONI ASSOCIATES; AND OWNER SHALL INDEMNIFY AND HOLD HARMLESS PENNONI ASSOCIATES FROM ALL CLAIMS, DAMAGES, LOSSES AND EXPENSES ARISING OUT OF OR RESULTING THEREFROM.

PROJECT DATE

DENWD18002

MAGNOLIA PARK PHASES 1 & 2
N. SCENIC HIGHWAY, LAKE WALES, FLORIDA 33898
SECTION 4, TOWNSHIP 28 SOUTH, RANGE 27 EAST, POLK COUNTY, FLORIDA

DRAWING SCALE DRAWN BY
APPROVED BY

1"=80'
MFJ RFD

401 Third Street SW Winter Haven, FL 33880
T 863.324.1112  F 863.294.6185

LEGAL DESCRIPTION
WOOD & ASSOCIATES ENGINEERING, LLC
1925 BARTOW AVENUE SUITE 100
LAKELAND, FLORIDA 33801

V-DESC
SHEET  2  OF  3

0	80'	160'

SCALE: 1" = 80'

MATCHLINE (SEE SHEET 2 OF 3)

	

			

ALL DOCUMENTS PREPARED BY PENNONI ASSOCIATES ARE INSTRUMENTS OF SERVICE IN RESPECT OF THE PROJECT. THEY ARE NOT INTENDED OR REPRESENTED TO BE SUITABLE FOR REUSE BY OWNER OR OTHERS ON THE EXTENSIONS OF THE PROJECT OR ON ANY OTHER PROJECT. ANY REUSE WITHOUT WRITTEN VERIFICATION OR ADAPTATION BY PENNONI ASSOCIATES FOR THE SPECIFIC PURPOSE INTENDED WILL BE AT OWNERS SOLE RISK AND WITHOUT LIABILITY OR LEGAL EXPOSURE TO PENNONI ASSOCIATES; AND OWNER SHALL INDEMNIFY AND HOLD HARMLESS PENNONI ASSOCIATES FROM ALL CLAIMS, DAMAGES, LOSSES AND EXPENSES ARISING OUT OF OR RESULTING THEREFROM.

PROJECT DATE

DENWD18002

MAGNOLIA PARK PHASES 1 & 2
N. SCENIC HIGHWAY, LAKE WALES, FLORIDA 33898
SECTION 4, TOWNSHIP 28 SOUTH, RANGE 27 EAST, POLK COUNTY, FLORIDA

DRAWING SCALE DRAWN BY
APPROVED BY

1"=80'
MFJ RFD

401 Third Street SW Winter Haven, FL 33880
T 863.324.1112  F 863.294.6185

LEGAL DESCRIPTION
WOOD & ASSOCIATES ENGINEERING, LLC
1925 BARTOW AVENUE SUITE 100
LAKELAND, FLORIDA 33801

V-DESC
SHEET  3  OF  3

Section VI

Marsha M. Faux, CFA, ASA
POLK COUNTY PROPERTY APPRAISER
2023 Data Sharing and Usage Agreement
SCENIC HIGHWAY CDD
This Data Sharing and Usage Agreement, hereinafter referred to as "Agreement," establishes the terms and conditions under which the SCENIC HIGHWAY CDD, hereinafter referred to as "agency," can acquire and use Polk County i:>roperty Appraiser data that is exempt from Public Records disclosure as defined in FS 119.071.
.	-	-	. .  -	.	-	.
IAs of July 1, 2021, the Florida Public Records Exemptions Statute was amended as it relates to the publicly available records.
maintained by the county property appraiser and tax collector. As a result, exempt (aka confidential) parcels and accounts. lhave been added back to our website and FTP datafiles. No owner names, mall/ng addresses, or official records (OR) books and pages of recorded documents related to these parcels/accounts, appear on the Property Appraiser's website or in FTP, datafiles. In addition, the Polk County Property Appraiser'! t!Japp_ina,siJt hQs been modified QccommodQte the statutory; Ehang,:,. $ee Senat� Bl(/ 781for Qdt:/itional injormQtion,1
For the purposes of this Agreement, all data is provided. It is the responsibility of the agency to apply all statutory guidelines relative to confide11tiality.

The confidentiality of personal identifying information including: names, mailing address and OR Book and Pages owned by individuals that have received exempt/ confidential status, hereinafter referred to as "confidential data," will be protected as follows:
The agency will not release confidential data that may reveal identifying information of individuals exempted from Public Records disclosure.
The agency will not present the confidential data in the results of data analysis (including maps) in any manner that would reveal personal identifying information of individuals exempted from Public Records disclosure.
The agency shall comply with all state laws·and regulations governing the confidentiality and exempt status of personal identifying and location information that is the subject of this Agreement.
The agency shall ensure any employee granted access to confidential data is subject to the terms and conditions of this Agreement.
The agency shall ensure any third party granted access to confidential data is subject to the terms and conditions of this Agreement. Acceptance of these terms must be provided in writing to the agency by the third party before personal identifying information is released.
The term of this Agreement shall commence on January 1, 2023 and shall run until December 31, 2023, the date of signature by the parties notwithstanding. This Agreement shall not automatically renew. A new agreement will be provided annually to ensure all responsible parties are aware of and maintain the terms and conditions of this Data Sharing and Usage Agreement.
In witness of their agreement to the terms above, the parties or their authorized agents hereby affix their signatures.

POLK COUNTY PROPERTY APPRAISER
Signature, �M
Print:	Marsha M. Faux CFA. ASA

SCENIC HIGHWAY CDD

Title: Date:

Polk County Property Appraiser	 December 1, 2022

Please email the signed agreement to pataxroll@polk-county.net.

Section VII

CONTR4CTAGREEMENT
This Agreement made and entered into on Tuesday, December 6, 2022 by and between the Scenic Highway Community Development District, a local unit of special purpose government of the State of Florida hereinafter referred to as the 'Special District', and Marsha M. Faux, Polk County Property Appraiser, a Constitutional Officer of the State of Florida, whose address is 255 North Wilson Ave., Bartow, FL 33830, hereinafter referred to as the 'Property Appraiser'.

Section 197.3632 Florida Statutes, provides that special assessments of non-ad valorem taxes levied by the Special District may be included in the assessment rolls of the County and collected in conjunction with ad valorem taxes as assessed by the Property Appraiser. Pursuant to that option, the Property Appraiser and the Special District shall enter into an agreement providing for reimbursement to the Property Appraiser of administrative costs, including costs of inception and maintenance, incurred as a result of such inclusion.

The parties herein agree that, for the 2023 tax year assessment roll, the Property Appraiser will include on the assessment rolls such special assessments as are certified to her by the Scenic Highway Community Development District.

The term of this Agreement shall commence on January I, 2023 or the date signed below, whichever is later, and shall run until December 31, 2023, the date of signature by the parties notwithstanding. This Agreement shall not automatically renew.

The Special District shall meet all relevant requirements of Section I 97.3632 & I90.021 Florida Statutes.

The Special District shall furnish the Property Appraiser with up-to-date data concerning its boundaries and proposed assessments, and other information as requested by the Property Appraiser to facilitate in administering the non-ad valorem assessment in question. Specifically, if assessments will be included on the 2023 TRIM Notice, the Special District shall provide proposed assess ents no later than Friday, July 14, 2023. The Special District's assessments shall, as far as practicable, be uniform (e.g. one uniform assessment for maintenance, etc.) to facilitate the making of the assessments by the mass data techniques utilized by the Property Appraiser.

The Special District shall certify to the Property Appraiser the Special District's annual installment and levy no later than Friday, September 15, 2023. The Property Appraiser shall, using the information provided by the Special District, place the Special District's non ad-valorem special assessments on properties within the district for inclusion on the 2023 tax roll.

The Property Appraiser shall be compensated by the Special District for the administrative costs incurred in carrying out this Agreement at the rate of l% of the amount levied on the TRIM Notice or if the TRIM Notice is not used, the rate shall be 1% of the amount levied on the 2023 tax roll. For the TRIM Notice, the Property Appraiser will require payment on or before Friday, September 15, 2023 for processing within the Property Appraiser budget year (October 1st-September 30th).

If the actual costs of performing the services under this agreement exceed the compensation provided for in Paragraph 7, the amount of compensation shall be the actual costs of performing the services under this agreement.

If tax roll corrections are requested by the Special District, the Property Appraiser shall be compensated by the Special District for the administrative costs incurred at the rate of $5.00 for each tax roll correction exceeding ten (l 0) corrections per tax
year.

The Special District shall indemnify and hold harmless, to the extent permitted by Florida law and without waiving its right of any applicable sovereign immunity, the Property Appraiser and all respective officers, employees, agents and instrumentalities from any and all liability, losses or damages, including attorneys' fees and costs of defense, which the Property Appraiser and all respective officers, employees, agents or instrumentalities may incur as a result of claims, demands, suits, causes of actions or proceedings of any kind or nature arising out of, relating to or resulting from the negligent or intentional acts or omissions of the Special District or its employees, agents, servants, partners, principals, or subcontractors arising out of, relating to, or resulting from the performance of the Agreement. The Special District shall pay all claims and losses in connection therewith and shall investigate and defend all claims, suits or actions of any kind or nature in the name of the Property Appraiser where applicable, including appellate proceedings, and shall pay all costs, judgments, and attorneys' fees which may issue thereon.

rJJ-J, J)t:o£	

ti
Marsha M. Faux, Property Appraiser

¼oecial District Representative
J}lGitt. A-dt:Lvv) S	
Print name

 Di 1v1"vt-	
Title

Marsha M. Faux, CFA, ASA Polk County Property Appraiser By:

Section VIII

REBATE REPORT
$8,120,000
Scenic Highway Community Development District
(City of Haines City, Florida)
Special Assessment Bonds, Series 2020

Dated: December 21, 2020
Delivered: December 21, 2020

Rebate Report to the Computation Date December 21, 2023
Reflecting Activity To December 31, 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
Phase 1&2
Arbitrage Rebate Calculation Detail Report – Acquisition & Construction Fund:	15
Phase 3
Arbitrage Rebate Calculation Detail Report – Debt Service Reserve Fund	16
Arbitrage Rebate Calculation Detail Report – Capitalized Interest Fund	17
Arbitrage Rebate Calculation Detail Report – Cost of Issuance Fund	18
Arbitrage Rebate Calculation Detail Report – Rebate Computation Credits	19
Yield Restriction Calculation Detail Report – Acquisition & Construction Fund	20

February 10, 2023

Scenic Highway Community Development District c/o Ms. Katie Costa
Director of Operations – Accounting Division Governmental Management Services-CF, LLC 6200 Lee Vista Boulevard, Suite 300
Orlando, FL 32822

Re:	$8,120,000 Scenic Highway Community Development District (City of Davenport, Polk County, Florida), Special Assessment Bonds, Series 2020

Dear Ms. Costa:

AMTEC has prepared certain computations relating to the above referenced bond issue (the “Bonds”) at the request of the Scenic Highway 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 December 31, 2023. Thank you very much for this engagement and should you have any questions, please do not hesitate to contact us.

Very truly yours,

Michael J. Scarfo Senior Vice President

SUMMARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the December 21, 2023 Computation Date
Reflecting Activity from December 21, 2020 through December 31, 2022

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitrage	
Acquisition & Construction Fund - Phase 1&2	0.005990%	23.45	(16,683.81)	
Acquisition & Construction Fund - Phase 3	0.005867%	56.81	(40,948.39)	
Capitalized Interest Fund	0.005993%	10.24	(7,223.99)	
Cost of Issuance Fund	0.005785%	0.01	(7.41)	
Debt Service Reserve Fund	0.662451%	6,201.94	(32,007.67)	
Totals	0.254783%	$6,292.45	$(96,871.27)	
Bond Yield	3.865895%		
Rebate Computation Credits	(3,822.90)	
Net Rebatable Arbitrage	$(100,694.17)	

Based upon our computations, no rebate liability exists.

SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION

For purposes of computing Rebatable Arbitrage, investment activity is reflected from December 21, 2020, the date of the closing, to December 31, 2022, the Computation Period. All nonpurpose payments and receipts are future valued to the Computation Date of December 21, 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 December 21, 2020 and December 31, 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 Section 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 a bona fide debt service fund and are not subject to the rebate requirement.

DEFINITIONS

Computation Date
December 21, 2023.

Computation Period
The period beginning on December 21, 2020, the date of the closing, and ending on December 31, 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 at which price a substantial amount of the Bonds was 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 US Bank, Trustee, as follows:

Fund / Account	Account Number	
Revenue	242008000	
Capitalized Interest Fund	242008001	
Sinking	242008002	
Debt Service Reserve	242008003	
Prepayment	242008004	
Acquisition & Construction – Phase 1&2	242008005	
Acquisition & Construction – Phase 3	242008006	
Cost of Issuance	242008008	

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 December 31, 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 December 21, 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 December 21, 2023, is the Rebatable Arbitrage.

$8,120,000
Scenic Highway Community Development District (City of Haines City, Florida)
Special Assessment Bonds, Series 2020 Delivered: December 21, 2020

Sources of Funds

Par Amount	$8,120,000.00	
Total	$8,120,000.00	

Uses of Funds

Acquisition & Construction Fund – Phase 1&2	$4,307,801.25	
Acquisition & Construction Fund – Phase 3	2,737,847.01	
Debt Service Reserve Fund	459,918.75	
Capitalized Interest Fund	261,357.99	
Cost of Issuance Fund	190,675.00	
Underwriter’s Discount	162,400.00	
Total	$8,120,000.00	

PROOF OF ARBITRAGE YIELD

$8,120,000
Scenic Highway Community Development District (City of Haines City, Florida)
Special Assessment Bonds, Series 2020

Date	

Debt Service	Present Value to 12/21/2020
@ 3.8658947720%	
05/01/2021	109,601.74	108,096.71	
11/01/2021	151,756.25	146,834.13	
05/01/2022	306,756.25	291,178.48	
11/01/2022	149,625.00	139,333.47	
05/01/2023	309,625.00	282,860.77	
11/01/2023	147,425.00	132,127.51	
05/01/2024	312,425.00	274,696.62	
11/01/2024	145,156.25	125,207.02	
05/01/2025	315,156.25	266,688.50	
11/01/2025	142,818.75	118,562.95	
05/01/2026	317,818.75	258,838.41	
11/01/2026	139,975.00	111,836.89	
05/01/2027	319,975.00	250,804.94	
11/01/2027	137,050.00	105,386.38	
05/01/2028	322,050.00	242,948.48	
11/01/2028	134,043.75	99,202.56	
05/01/2029	329,043.75	238,899.56	
11/01/2029	130,875.00	93,218.87	
05/01/2030	330,875.00	231,204.62	
11/01/2030	127,625.00	87,489.05	
05/01/2031	332,625.00	223,696.03	
11/01/2031	123,781.25	81,666.45	
05/01/2032	338,781.25	219,277.26	
11/01/2032	119,750.00	76,038.78	
05/01/2033	339,750.00	211,643.30	
11/01/2033	115,625.00	70,661.40	
05/01/2034	345,625.00	207,214.93	
11/01/2034	111,312.50	65,470.44	
05/01/2035	351,312.50	202,712.41	
11/01/2035	106,812.50	60,463.63	
05/01/2036	356,812.50	198,151.62	
11/01/2036	102,125.00	55,638.45	
05/01/2037	362,125.00	193,547.21	
11/01/2037	97,250.00	50,992.16	
05/01/2038	367,250.00	188,912.65	
11/01/2038	92,187.50	46,521.82	
05/01/2039	372,187.50	184,260.33	
11/01/2039	86,937.50	42,224.32	
05/01/2040	376,937.50	179,601.62	
11/01/2040	81,500.00	38,096.40	
05/01/2041	381,500.00	174,946.91	
11/01/2041	75,500.00	33,965.98	
05/01/2042	390,500.00	172,346.96	
11/01/2042	69,200.00	29,962.23	
05/01/2043	394,200.00	167,444.17	
11/01/2043	62,700.00	26,128.01	
05/01/2044	402,700.00	164,628.83	
11/01/2044	55,900.00	22,419.27	
05/01/2045	410,900.00	161,670.67	
11/01/2045	48,800.00	18,836.51	
05/01/2046	413,800.00	156,695.46	
11/01/2046	41,500.00	15,416.98	
05/01/2047	421,500.00	153,615.25	
11/01/2047	33,900.00	12,120.54	
05/01/2048	433,900.00	152,193.90	
11/01/2048	25,900.00	8,912.36	
05/01/2049	440,900.00	148,839.61	

PROOF OF ARBITRAGE YIELD

$8,120,000
Scenic Highway Community Development District (City of Haines City, Florida)
Special Assessment Bonds, Series 2020

Date	

Debt Service	Present Value to 12/21/2020
@ 3.8658947720%	
11/01/2049	17,600.00	5,828.76	
05/01/2050	447,600.00	145,425.09	
11/01/2050	9,000.00	2,868.65	
05/01/2051	459,000.00	143,526.73	
	13,996,864.24	8,120,000.00	
	
Proceeds Summary		

Delivery date	12/21/2020	
Par Value	8,120,000.00	
Target for yield calculation	8,120,000.00	

BOND DEBT SERVICE

$8,120,000
Scenic Highway Community Development District (City of Haines City, Florida)
Special Assessment Bonds, Series 2020

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
12/21/2020						
05/01/2021			109,601.74	109,601.74	109,601.74	
11/01/2021			151,756.25	151,756.25		
05/01/2022	155,000	2.750%	151,756.25	306,756.25	458,512.50	
11/01/2022			149,625.00	149,625.00		
05/01/2023	160,000	2.750%	149,625.00	309,625.00	459,250.00	
11/01/2023			147,425.00	147,425.00		
05/01/2024	165,000	2.750%	147,425.00	312,425.00	459,850.00	
11/01/2024			145,156.25	145,156.25		
05/01/2025	170,000	2.750%	145,156.25	315,156.25	460,312.50	
11/01/2025			142,818.75	142,818.75		
05/01/2026	175,000	3.250%	142,818.75	317,818.75	460,637.50	
11/01/2026			139,975.00	139,975.00		
05/01/2027	180,000	3.250%	139,975.00	319,975.00	459,950.00	
11/01/2027			137,050.00	137,050.00		
05/01/2028	185,000	3.250%	137,050.00	322,050.00	459,100.00	
11/01/2028			134,043.75	134,043.75		
05/01/2029	195,000	3.250%	134,043.75	329,043.75	463,087.50	
11/01/2029			130,875.00	130,875.00		
05/01/2030	200,000	3.250%	130,875.00	330,875.00	461,750.00	
11/01/2030			127,625.00	127,625.00		
05/01/2031	205,000	3.750%	127,625.00	332,625.00	460,250.00	
11/01/2031			123,781.25	123,781.25		
05/01/2032	215,000	3.750%	123,781.25	338,781.25	462,562.50	
11/01/2032			119,750.00	119,750.00		
05/01/2033	220,000	3.750%	119,750.00	339,750.00	459,500.00	
11/01/2033			115,625.00	115,625.00		
05/01/2034	230,000	3.750%	115,625.00	345,625.00	461,250.00	
11/01/2034			111,312.50	111,312.50		
05/01/2035	240,000	3.750%	111,312.50	351,312.50	462,625.00	
11/01/2035			106,812.50	106,812.50		
05/01/2036	250,000	3.750%	106,812.50	356,812.50	463,625.00	
11/01/2036			102,125.00	102,125.00		
05/01/2037	260,000	3.750%	102,125.00	362,125.00	464,250.00	
11/01/2037			97,250.00	97,250.00		
05/01/2038	270,000	3.750%	97,250.00	367,250.00	464,500.00	
11/01/2038			92,187.50	92,187.50		
05/01/2039	280,000	3.750%	92,187.50	372,187.50	464,375.00	
11/01/2039			86,937.50	86,937.50		
05/01/2040	290,000	3.750%	86,937.50	376,937.50	463,875.00	
11/01/2040			81,500.00	81,500.00		
05/01/2041	300,000	4.000%	81,500.00	381,500.00	463,000.00	
11/01/2041			75,500.00	75,500.00		
05/01/2042	315,000	4.000%	75,500.00	390,500.00	466,000.00	
11/01/2042			69,200.00	69,200.00		
05/01/2043	325,000	4.000%	69,200.00	394,200.00	463,400.00	
11/01/2043			62,700.00	62,700.00		
05/01/2044	340,000	4.000%	62,700.00	402,700.00	465,400.00	
11/01/2044			55,900.00	55,900.00		
05/01/2045	355,000	4.000%	55,900.00	410,900.00	466,800.00	
11/01/2045			48,800.00	48,800.00		
05/01/2046	365,000	4.000%	48,800.00	413,800.00	462,600.00	
11/01/2046			41,500.00	41,500.00		
05/01/2047	380,000	4.000%	41,500.00	421,500.00	463,000.00	
11/01/2047			33,900.00	33,900.00		
05/01/2048	400,000	4.000%	33,900.00	433,900.00	467,800.00	
11/01/2048			25,900.00	25,900.00		
05/01/2049	415,000	4.000%	25,900.00	440,900.00	466,800.00	

BOND DEBT SERVICE

$8,120,000
Scenic Highway Community Development District (City of Haines City, Florida)
Special Assessment Bonds, Series 2020

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
11/01/2049			17,600.00	17,600.00		
05/01/2050	430,000	4.000%	17,600.00	447,600.00	465,200.00	
11/01/2050			9,000.00	9,000.00		
05/01/2051	450,000	4.000%	9,000.00	459,000.00	468,000.00	
	8,120,000		5,876,864.24	13,996,864.24	13,996,864.24	

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.865895%)

12/21/20	-4,307,801.25	-4,832,180.52	
12/23/20	2,222,167.50	2,492,136.92	
12/28/20	150.00	168.13	
12/31/20	17,858.44	20,013.14	
01/05/21	3,000.00	3,360.18	
01/06/21	306,060.94	342,769.77	
01/06/21	71,771.15	80,379.35	
01/06/21	21,000.00	23,518.73	
01/06/21	15,463.74	17,318.46	
01/06/21	203.28	227.66	
01/06/21	1,348.75	1,510.52	
01/06/21	252.00	282.22	
01/19/21	10,474.43	11,714.52	
01/26/21	182,178.47	203,595.33	
02/02/21	3,000.00	3,350.54	
02/04/21	1,243.94	1,388.99	
02/04/21	3,000.00	3,349.83	
02/05/21	401,255.20	447,997.63	
02/05/21	80,064.81	89,391.60	
02/05/21	1,720.00	1,920.36	
02/05/21	6,795.82	7,587.47	
02/05/21	9,000.00	10,048.41	
02/12/21	3,000.00	3,346.98	
02/25/21	4,388.00	4,888.75	
02/25/21	1,421.50	1,583.72	
03/03/21	45,318.89	50,447.65	
03/03/21	2,500.00	2,782.93	
03/03/21	105.00	116.88	
03/04/21	3,000.00	3,339.16	
03/09/21	503,354.72	559,962.12	
03/09/21	13,830.26	15,385.61	
03/09/21	3,000.00	3,337.38	
03/26/21	3,000.00	3,331.35	
04/05/21	65,843.20	73,045.66	
04/06/21	25,700.00	28,508.24	
04/07/21	-55,109.38	-61,124.69	
04/09/21	160,142.10	177,584.17	
04/09/21	8,951.16	9,926.09	
04/09/21	26,426.14	29,304.38	
04/13/21	2,335.00	2,588.22	
04/15/21	-348,842.80	-386,590.66	
04/15/21	78,430.50	86,917.37	
04/15/21	1,401.62	1,553.29	
04/29/21	-25,700.00	-28,438.59	
04/29/21	262,852.78	290,862.33	
04/29/21	2,089.25	2,311.88	
04/29/21	47,568.00	52,636.84	
04/29/21	22,216.25	24,583.61	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(3.865895%)	
05/06/21	143.00	158.12	
05/17/21	1,061.84	1,172.74	
05/17/21	2,402.35	2,653.26	
05/17/21	333.75	368.61	
05/21/21	87,041.50	96,091.51	
05/26/21	1,610.00	1,776.45	
09/17/21	-115,128.59	-125,540.42	
10/08/21	4,500.00	4,896.02	
10/08/21	8,272.00	8,999.97	
10/22/21	2,237.50	2,430.79	
10/27/21	2,940.58	3,192.90	
10/27/21	265.00	287.74	
11/12/21	-29,457.90	-31,934.61	
11/19/21	29,457.90	31,910.84	
11/19/21	48,725.05	52,782.36	
11/19/21	48,189.50	52,202.21	
01/10/22	-25,117.10	-27,061.39	
02/02/22	219.00	235.40	
02/02/22	262.50	282.16	
02/02/22	2,078.00	2,233.62	
03/01/22	-1,522.00	-1,630.95	
03/02/22	2,352.70	2,520.84	
03/15/22	21,727.41	23,248.03	
12/31/22	ACF12 Balance	0.05	0.05	
12/21/23	TOTALS:	23.45	-16,683.81	

ISSUE DATE:	12/21/20	
REBATABLE ARBITRAGE:	
-16,683.81	
COMP DATE:	12/21/23	NET INCOME:	23.45	
BOND YIELD: 3.865895%	TAX INV YIELD:	0.005990%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.865895%)

12/21/20	Beg	Bal	0.00	0.00	
02/10/21			-2,737,869.99	-3,055,180.68	
04/07/21			55,109.38	61,124.69	
04/13/21			128,387.02	142,309.89	
04/15/21			348,842.80	386,590.66	
04/29/21			3,000.00	3,319.68	
04/29/21			449,979.40	497,929.13	
04/29/21			25,700.00	28,438.59	
04/29/21			6,442.50	7,129.01	
05/04/21			3,000.00	3,317.91	
05/06/21			227,892.50	251,989.00	
05/17/21			3,000.00	3,313.33	
05/21/21			20,561.63	22,699.50	
06/08/21			3,000.00	3,305.94	
06/08/21			292,905.27	322,775.52	
06/16/21			3,000.00	3,303.13	
06/25/21			14,668.16	16,134.81	
06/25/21			16,850.00	18,534.81	
07/01/21			435,009.21	478,199.86	
07/01/21			231.25	254.21	
07/01/21			3,000.00	3,297.86	
07/09/21			8,500.00	9,335.99	
07/09/21			3,000.00	3,295.06	
07/09/21			13,574.16	14,909.20	
07/20/21			1,755.00	1,925.35	
07/23/21			26,422.00	28,977.47	
07/23/21			3,000.00	3,290.15	
08/03/21			189,438.86	207,540.05	
08/11/21			22,470.75	24,596.93	
08/11/21			3,000.00	3,283.86	
08/31/21			1,821.76	1,990.11	
08/31/21			115,128.59	125,767.62	
08/31/21			75.00	81.93	
08/31/21			3,000.00	3,277.23	
09/03/21			6,198.58	6,769.23	
09/27/21			6,435.00	7,009.50	
09/27/21			8,950.00	9,749.03	
09/27/21			3,000.00	3,267.83	
10/08/21			1,629.25	1,772.63	
10/08/21			13,575.00	14,769.65	
10/08/21			3,000.00	3,264.01	
10/27/21			250.00	271.45	
10/27/21			1,164.50	1,264.42	
10/27/21			860.00	933.79	
10/27/21			1,583.40	1,719.27	
10/27/21			543.75	590.41	
10/27/21			56.70	61.57	
11/01/21			-3,000.00	-3,256.04	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(3.865895%)	
11/01/21	-3,000.00	-3,256.04	
11/15/21	192,201.24	208,294.32	
11/19/21	16,321.00	17,680.04	
11/19/21	42,913.59	46,486.98	
11/19/21	13,478.89	14,601.27	
12/21/21	-1,629.25	-1,758.92	
12/22/21	1,629.25	1,758.73	
12/31/22	ACF2 Balance	0.66	0.69	
12/21/23	TOTALS:	56.81	-40,948.39	

ISSUE DATE:	12/21/20	
REBATABLE ARBITRAGE:	
-40,948.39	
COMP DATE:	12/21/23	NET INCOME:	56.81	
BOND YIELD: 3.865895%	TAX INV YIELD:	0.005867%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.865895%)

12/21/20	Beg	Bal	-261,357.99	-293,172.53	
01/05/21			0.48	0.54	
02/02/21			1.33	1.49	
03/02/21			1.20	1.34	
04/02/21			1.33	1.48	
05/03/21			109,601.73	121,229.28	
05/04/21			1.29	1.43	
06/02/21			0.81	0.89	
06/22/21			-0.01	-0.01	
07/02/21			0.75	0.82	
08/03/21			0.77	0.84	
09/02/21			0.78	0.85	
10/04/21			0.75	0.82	
11/01/21			151,756.25	164,707.93	
11/02/21			0.77	0.84	
12/21/23	TOTALS:	10.24	-7,223.99	

ISSUE DATE:	12/21/20	
REBATABLE ARBITRAGE:	
-7,223.99	
COMP DATE:	12/21/23	NET INCOME:	10.24	
BOND YIELD: 3.865895%	TAX INV YIELD:	0.005993%	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(3.865895%)	
12/21/20	Beg Bal	-190,675.00	-213,885.45	
12/21/20		6,000.00	6,730.37	
12/21/20		47,500.00	53,282.07	
12/21/20		30,000.00	33,651.83	
12/21/20		55,000.00	61,695.03	
12/21/20		45,000.00	50,477.75	
12/28/20		5,675.00	6,361.07	
01/06/21		1,500.00	1,679.91	
06/22/21		0.01	0.01	
12/21/23	TOTALS:	0.01	-7.41	

ISSUE DATE:	12/21/20	REBATABLE ARBITRAGE:	-7.41	
COMP DATE:	12/21/23	NET INCOME:	0.01	
BOND YIELD: 3.865895%	TAX INV YIELD:	0.005785%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.865895%)

12/21/20	Beg	Bal	-459,918.75	-515,903.66	
01/05/21			0.84	0.94	
02/02/21			2.34	2.61	
03/02/21			2.12	2.36	
04/02/21			2.34	2.60	
05/04/21			2.28	2.52	
06/02/21			2.34	2.58	
07/02/21			2.26	2.48	
08/03/21			2.34	2.56	
09/02/21			2.35	2.57	
10/04/21			2.26	2.46	
11/02/21			2.34	2.54	
12/02/21			2.28	2.47	
12/30/21			0.05	0.05	
01/04/22			2.34	2.52	
02/02/22			2.34	2.52	
03/02/22			2.11	2.26	
04/04/22			2.36	2.52	
05/03/22			2.26	2.41	
06/02/22			115.94	123.04	
07/05/22			264.75	279.98	
08/02/22			462.22	487.41	
09/02/22			696.27	731.88	
10/04/22			795.38	833.22	
11/02/22			1,041.77	1,088.09	
12/02/22			1,269.58	1,321.80	
12/31/22	DSRF Balance	459,918.75	477,413.34	
12/31/22	DSRF Accrual	1,518.48	1,576.24	
12/21/23	TOTALS:	6,201.94	-32,007.67	

ISSUE DATE:	12/21/20	
REBATABLE ARBITRAGE:	
-32,007.67	
COMP DATE:	12/21/23	NET INCOME:	6,201.94	
BOND YIELD: 3.865895%	TAX INV YIELD:	0.662451%	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(3.865895%)	
12/21/21		-1,780.00	-1,921.67	
12/22/22		-1,830.00	-1,901.23	
12/21/23	TOTALS:	-3,610.00	-3,822.90	

ISSUE DATE:	12/21/20	REBATABLE ARBITRAGE: -3,822.90 COMP DATE:	12/21/23
BOND YIELD: 3.865895%

Section IX

Section C

Scenic Highway CDD
Field Management Report

April 20, 2023
Marshall Tindall Field Services Manager
GMS

Hurricane Review

Some additional fence damage after Nicole.
 Amenities emerged without any additional issues.

Amenity Review

Vendors’ maintenance of the facility areas has been satisfactory.
Monthly playground review was completed.
Dog park rules sign was installed. Pool shade was replaced.
Security services have started.
Pool backflow cleaned.

Landscape Review

Landscaping work is good.
Grass mowing has been consistent, and planters have been kept up.
Palms and lilies were trimmed. Supplemental watering was done where trees were stressing at the amenity area while the well was down. Repairs were done to water lines cut during playground install.
Dead palms by pool replaced under warranty.

Well & Fence Repairs

Well repair was completed Contracted was coordinated & damaged fences were repaired

Street sign repairs are being planned.

Signs

Upcoming

Irrigation Staining

 Following well and irrigation repairs, we are assessing options to reduce iron staining.
Planning for wall cleaning will be reviewed after.

Conclusion

For any questions or comments regarding the above information, please contact me by phone at 407-346-2453, or by email at mtindall@gmscfl.com. Thank you.

Respectfully, Marshall Tindall

Section 1

to be provided under separate cover

Section 2

to be provided under separate cover

Section 3

to be provided under separate cover

Section 4

Pro Playgrounds 8490 Cabin Hill Road Tallahassee, FL 32311

Magnolia Park repl shade

Project Name

Quote
Date	Estimate #	
12/1/2022	17052	

611 Tanaro Lane Haines City, Fl 33844

Ship To

Scenic Highway CDD Governmental Mgmt Services Marshall Tindall
6200 Lee Vista Blvd. Ste 300

Customer / Bill To

WE WILL BEAT ANY PRICE BY 5%!

Item	Description	Qty	Cost	Total:	
	Supply and install cabling on the far right bay of cantilever pool shade				

MISC LBR	
**RAW MATERIALS**
Galv 1/4 wire rope for cabling, approx 240LF, with cable clamps
Labor and Installation-one bay 40x16 curved cantilever, one 30x30 fabric only to existing frame	

3

1	

84.50

750.00	

253.50

750.00	
	Subtotal:	
$1,003.50	
	Sales Tax: (7.5%)	
$0.00	
	Total:	$1,003.50	

Terms and Conditions - Price valid for 30 days and subject to change. 1. If installation is not included with your purchase, client will be responsible for coordinating, receiving and unloading of all goods, delivery drivers will not help unload goods. 2. Client will be responsible to inspect goods for defect, damage or missing parts, any deficiency or missing parts must be noted on delivery slip. 3. Client will be responsible for costs due to cancelled or missed delivery appointments. 4. Client has reviewed all items, colors and descriptions on this quote for accuracy and correctness. 5. If quote includes installation of goods, the installation is subject to the terms and conditions of Pro Playgrounds “Standard Installation Agreement” a copy of which may be obtained from your Sales Representative.
1-800-573-7529	|	www.proplaygrounds.com

Section D

Section 1

Scenic Highway Community Development District

Summary of Check Register

February 1, 2023 through Fenruary 28, 2023

Fund	Date	Check No.'s	Amount

General Fund

2/6/23	298-300	$
2/16/23	301-302	$
2/23/23	303-306	$

1,863.84
9,552.02
9,887.09

Total Amount	$	21,302.95

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/14/23	PAGE	1
*** CHECK DATES 02/01/2023 - 02/28/2023 ***	SCENIC HIGHWAY GENERAL FUND
BANK A SCENIC HIGHWAY CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				 AMOUNT	#
2/06/23 00041	1/27/23 9042	202301 330-57200-48200	*	425.00
MTHLY CLEANING SVC-JAN 23
CSS CLEAN STAR SERVICES CENTRAL FL	425.00  000298
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/06/23 00002	12/31/22 85	202212 320-53800-48000	*	1,263.84
GENERAL MAINT - DEC 22
GOVERNMENTAL MANAGEMENT SERVICES	1,263.84  000299
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/06/23 00050	1/25/23 18399	202301 330-57200-48000	*	175.00
REPAIR BACKFLOW - JAN 23
RESORT POOL SERVICES	175.00  000300
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

2/16/23 00002	2/01/23	
	2/01/23	
	2/01/23	
	2/01/23	
	2/01/23	
	2/01/23	
	2/01/23	
	2/01/23	

86	202302 310-51300-34000	*	3,062.50
MANAGEMENT FEES - FEB 23
86	202302 310-51300-35200	*	100.00
WEBSITE MANAGEMENT-FEB 23
86	202302 310-51300-35100	*	150.00
INFORMATION TECH - FEB 23
86	202302 310-51300-31300	*	416.67
DISSEMINATION SVCS-FEB 23
86	202302 330-57200-48300	*	416.67
AMENITY ACCESS - FEB 23
86	202302 310-51300-51000	*	.66

202302 310-51300-42000	*	52.39	
202302 320-53800-34000	*	1,312.50	

OFFICE SUPPLIES 86
POSTAGE 87
FIELD MANAGEMENT - FEB 23
GOVERNMENTAL MANAGEMENT SERVICES	5,511.39  000301
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/16/23 00033	1/25/23 6809561	202301 310-51300-32300	*	3,030.47
TRUSTEE FEES-FY23 JAN-SEP
1/25/23 6809561	202301 300-15500-10000	*	1,010.16
TRUSTEE FEES-FY24 OCT-DEC
US BANK	4,040.63  000302
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/23/23 00027	2/01/23 8009	202302 330-57200-46200	*	948.33
LANDSCAPE MAINT - FEB 23
2/01/23 8010	202302 320-53800-46200	*	1,888.33
LANDSCAPE MAINT - FEB 23
2/06/23  8060	202302 320-53800-47300	*	222.95
IRRIG. REPAIRS - FEB 23
PRINCE & SONS INC.	3,059.61  000303
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/23/23 00050	2/01/23 18576	202302 330-57200-48500	*	1,500.00
POOL MAINTENANCE - FEB 23
RESORT POOL SERVICES	1,500.00  000304
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
SCEN SCENIC HIGHWAY NRUIZ

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/14/23	PAGE	2
*** CHECK DATES 02/01/2023 - 02/28/2023 ***	SCENIC HIGHWAY GENERAL FUND
BANK A SCENIC HIGHWAY CDD

CHECK	VEND# DATE	.....INVOICE..... ...EXPENSED TO...
DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	VENDOR	NAME	STATUS	AMOUNT	....CHECK..... AMOUNT	#	
2/23/23 00051	1/31/23 11151512 202301 330-57200-34500			*	2,704.48		

SECURITY SERVICE - JAN 23

SECURITAS SECURITY	2,704.48  000305

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/23/23  00039	2/23/23 02232023 202302 300-15500-10000	*	2,623.00
PLAYGRND/FUR LEASE-MAR 23
83 HOLDINGS, LLC	2,623.00  000306
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	21,302.95
TOTAL FOR REGISTER	21,302.95

SCEN SCENIC HIGHWAY NRUIZ

Section 2

Scenic Highway
Community Development District

Unaudited Financial Reporting
February 28, 2023

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Debt Service Fund Series 2020	

5	
	Capital Projects Fund Series 2020	

6	
	Capital Reserve Fund	

7-8	
	Month to Month	

9	
	Long Term Debt Report	

10	
	Assessment Receipt Schedule	

Combined Balance Sheet February 28, 2023

	General Fund	Debt Service Fund	Capital Projects Fund	Totals Governmental Funds	
Assets:
Cash:
Operating Account	

$	415,463	$	

-	$	

-	

$	415,463	
Capital Projects Account	$	-	$	-	$	985	$	985	
Investments: Series 2020
Reserve	

$	-	$	459,919	$	

-	$	459,919	
Revenue	$	-	$	459,574	$	-	$	459,574	
Construction - Phase 1 & 2	$	-	$	-	$	0	$	0	
Construction - Phase 3	$	-	$	-	$	1	$	1	
Due from General Fund	$	-	$	2,582	$	-	$	2,582	
Prepaid Expenses	$	12,991	$	-	$	-	$	12,991	
Total Assets	$	428,454	$	922,075	$	986	$	1,351,515	
Liabilities:
Accounts Payable	$	17,656	

$	

-	$	-	

$	17,656	
Contracts Payable	$	-	$	-	$	4,221	$	4,221	
Due to Debt Service	$	2,582	$	-	$	-	$	2,582	
Total Liabilites	$	20,238	$	-	$	4,221	$	24,459	
Fund Balance:
Nonspendable:
Prepaid Items	$	12,991	

$	

-	$	-	

$	12,991	
Restricted for:
Debt Service - Series 2020	
$	
-	$	922,075	$	-	
$	922,075	
Capital Projects - Series 2020	$	-	$	-	$	(3,235)	$	(3,235)	
Unassigned	$	395,225	$	-	$	-	$	395,225	
Total Fund Balances	$	408,217	$	922,075	$	(3,235)	$	1,327,056	
					
Total Liabilities & Fund Balance	$	428,454	$	922,075	$	986	$	1,351,515	

	Adopted	Prorated Budget	Actual		
	Budget	Thru 02/28/23	Thru 02/28/23		Variance	

Revenues:						
Assessments - Tax Roll	$	410,340	$	400,568	$	400,568	$	-	
Miscellaneous Revenue	$	-	$	-	$	3,985	$	3,985	
Total Revenues	$	410,340	$	400,568	$	404,553	$	3,985	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	5,000	$	1,000	$	4,000	
Engineering	$	15,000	$	6,250	$	-	$	6,250	
Attorney	$	30,000	$	12,500	$	1,616	$	10,884	
Annual Audit	$	3,500	$	-	$	-	$	-	
Assessment Administration	$	5,000	$	5,000	$	5,000	$	-	
Arbitrage	$	450	$	450	$	900	$	(450)	
Dissemination	$	5,000	$	2,083	$	2,083	$	-	
Trustee Fees	$	3,550	$	3,550	$	4,041	$	(491)	
Management Fees	$	36,750	$	15,313	$	15,313	$	-	
Information Technology	$	1,800	$	750	$	750	$	-	
Website Maintenance	$	1,200	$	500	$	500	$	-	
Postage & Delivery	$	1,000	$	417	$	399	$	18	
Insurance	$	6,684	$	6,684	$	5,988	$	696	
Copies	$	1,000	$	417	$	-	$	417	
Legal Advertising	$	5,000	$	2,083	$	455	$	1,628	
Other Current Charges	$	5,000	$	2,083	$	229	$	1,855	
Office Supplies	$	625	$	260	$	4	$	257	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative	$	133,734	$	63,515	$	38,452	$	25,063	

	Adopted	Prorated Budget	Actual		
	Budget	Thru 02/28/23	Thru 02/28/23	Variance	

Operations & Maintenance					
Field Expenditures
Property Insurance	
$	10,000	
$	10,000	
$	13,224	
$	(3,224)	
Field Management	$	15,750	$	6,563	$	6,563	$	-	
Landscape Maintenance	$	34,040	$	14,183	$	14,183	$	0	
Landscape Replacement	$	15,000	$	6,250	$	-	$	6,250	
Streetlights	$	14,520	$	6,050	$	5,403	$	647	
Electric	$	9,240	$	3,850	$	1,147	$	2,703	
Water & Sewer	$	2,400	$	1,000	$	-	$	1,000	
Sidewalk & Asphalt Maintenance	$	2,500	$	1,042	$	-	$	1,042	
Irrigation Repairs	$	7,500	$	3,125	$	1,805	$	1,320	
General Repairs & Maintenance	$	10,000	$	4,167	$	8,795	$	(4,629)	
Contingency	$	7,500	$	7,500	$	13,629	$	(6,129)	
Subtotal Field Expenditures	$	128,450	$	63,729	$	64,749	$	(1,020)	

Amenity Expenditures
Amenity - Electric	

$	8,580	

$	3,575	

$	2,229	

$	1,346	
Amenity - Water	$	9,900	$	4,125	$	1,539	$	2,586	
Playground Lease	$	31,488	$	13,120	$	13,117	$	3	
Internet	$	1,452	$	605	$	475	$	130	
Pest Control	$	456	$	190	$	40	$	150	
Janitorial Service	$	5,400	$	2,250	$	2,125	$	125	
Security Services	$	34,000	$	14,167	$	7,274	$	6,893	
Pool Maintenance	$	11,700	$	4,875	$	7,500	$	(2,625)	
Amenity Access Management	$	5,000	$	2,083	$	2,083	$	(0)	
Amenity Repairs & Maintenance	$	10,000	$	4,167	$	695	$	3,472	
Contingency	$	7,500	$	3,125	$	-	$	3,125	
Subtotal Amenity Expenditures	$	125,476	$	52,282	$	37,078	$	15,204	
					
Total Operations & Maintenance	$	253,926	$	116,011	$	101,827	$	14,184	
					
Total Expenditures	$	387,660	$	179,526	$	140,279	$	39,247	
					
Excess (Deficiency) of Revenues over Expenditures	$	22,680		$	264,275		

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	(22,680)	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	(22,680)	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	-		$	264,275		
					
Fund Balance - Beginning	$	-		$	143,942		
					
Fund Balance - Ending	$	-		$	408,217		

Debt Service Fund Series 2020
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending February 28, 2023

	Adopted	Prorated Budget	Actual		
	Budget	Thru 02/28/23	Thru 02/28/23	Variance	

Revenues:					
Assessments - Tax Roll	$	459,919	$	449,018	$	449,018	$	-	
Interest	$	-	$	-	$	6,875	$	6,875	
Total Revenues	$	459,919	$	449,018	$	455,893	$	6,875	

Expenditures:					
Interest - 11/1	$	149,625	$	149,625	$	149,625	$	-	
Principal - 5/1	$	160,000	$	-	$	-	$	-	
Interest - 5/1	$	149,625	$	-	$	-	$	-	
Total Expenditures	$	459,250	$	149,625	$	149,625	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	669		$	306,268		
					
Fund Balance - Beginning	$	153,700		$	615,807		
					
Fund Balance - Ending	$	154,369		$	922,075		

Revenues

Developer Contributions	

$	

-	$	

-	$	9,936	

$	9,936	
Total Revenues	$	-	$	-	$	9,936	$	9,936	

Expenditures:

Capital Outlay	

$	

-	$	

-	$	14,157	

$	(14,157)	
Total Expenditures	$	-	$	-	$	14,157	$	(14,157)	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	(4,221)		
					
Fund Balance - Beginning	$	-	$	986		
					
Fund Balance - Ending	$	-	$	(3,235)		

Revenues

Interest	

$	-	

$	

-	$	

-	$	

-	
Total Revenues	$	-	$	-	$	-	$	-	

Expenditures:

Capital Outlay	

$	-	

$	

-	$	

-	$	

-	
Total Expenditures	$	-	$	-	$	-	$	-	
						
Excess (Deficiency) of Revenues over Expenditures	$	-		$	-		

Other Financing Sources/(Uses)

Transfer In/(Out)	

$	22,680	

$	

-	$	

-	$	

-	
Total Other Financing Sources (Uses)	$	22,680	$	-	$	-	$	-	
						
Net Change in Fund Balance	$	22,680		$	-		
						
Fund Balance - Beginning	$	-		$	-		
						
Fund Balance - Ending	$	22,680		$	-		

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total

Revenues:

Assessments - Tax Roll

$	-	$

16,920  $

314,758  $

66,587  $

2,303  $	-	$

-	$	-	$	-	$

-	$	-	$

-	$	400,568

Miscellaneous Revenue	$	-	$	-	$	3,985  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	3,985	
Total Revenues	$	-	$	16,920  $	318,743  $	66,587  $	2,303  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	404,553	

Expenditures:		
General & Administrative:		
Supervisor Fees	$	1,000	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,000	
Engineering	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Attorney	$	1,065	$	95	$	114	$	304	$	38	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,616	
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Assessment Administration	$	5,000	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	5,000	
Arbitrage	$	-	$	-	$	-	$	-	$	900	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	900	
Dissemination	$	417	$	417	$	417	$	417	$	417	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	2,083	
Trustee Fees	$	1,010	$	-	$	-	$	3,030	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	4,041	
Management Fees	$	3,063	$	3,063	$	3,063	$	3,063	$	3,063	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	15,313	
Information Technology	$	150	$	150	$	150	$	150	$	150	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	750	
Website Maintenance	$	100	$	100	$	100	$	100	$	100	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	500	
Postage & Delivery	$	44	$	9	$	101	$	193	$	52	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	399	
Insurance	$	5,988	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	5,988	
Copies	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Legal Advertising	$	455	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	455	
Other Current Charges	$	38	$	38	$	39	$	74	$	39	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	229	
Office Supplies	$	1	$	0	$	1	$	1	$	1	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	4	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	175	
Total General & Administrative	$	18,505	$	3,873	$	3,985	$	7,331	$	4,759	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	38,452	

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total

Operations & Maintenance

Field Expenditures Property Insurance Field Management Landscape Maintenance Landscape Replacement Streetlights
Electric
Water & Sewer
Sidewalk & Asphalt Maintenance Irrigation Repairs
General Repairs & Maintenance Contingency

$	13,224  $
$	1,313  $
$	2,837  $
$	-  $
$	721  $
$	178  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $

-  $
1,313  $
2,837  $
-  $
1,429  $
186  $
-  $
-  $
1,045  $
7,532  $
-  $

-  $
1,313  $
2,837  $
-  $
1,075  $
211  $
-  $
-  $
94  $
1,264  $
-  $

-  $
1,313  $
2,837  $
-  $
1,082  $
255  $
-  $
-  $
443  $
-  $
13,629  $

-  $
1,313  $
2,837  $
-  $
1,097  $
318  $
-  $
-  $
223  $
-  $
-  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

-  $	13,224
-  $	6,563
-  $	14,183
-  $	-
-  $	5,403
-  $	1,147
-  $	-
-  $	-
-  $	1,805
-  $	8,795
-  $	13,629

Subtotal Field Expenditures	$	18,272  $	14,341  $	6,793  $	19,558  $	5,786  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	64,749

Amenity Expenditures Amenity - Electric Amenity - Water Playground Lease Internet
Pest Control Janitorial Service Security Services Pool Maintenance
Amenity Access Management Amenity Repairs & Maintenance Contingency

$	414  $
$	951  $
$	2,623  $
$	95  $
$	-  $
$	425  $
$	-  $
$	1,500  $
$	417  $
$	520  $
$	-  $

393  $
294  $
2,623  $
95  $
-  $
425  $
-  $
1,500  $
417  $
-  $
-  $

390  $
294  $
2,624  $
95  $
-  $
425  $
2,249  $
1,500  $
417  $
-  $
-  $

474  $
-  $
2,623  $
95  $
-  $
425  $
2,704  $
1,500  $
417  $
175  $
-  $

559  $
-  $
2,624  $
95  $
40  $
425  $
2,320  $
1,500  $
417  $
-  $
-  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

-  $	2,229
-  $	1,539
-  $	13,117
-  $	475
-  $	40
-  $	2,125
-  $	7,274
-  $	7,500
-  $	2,083
-  $	695
-  $	-

Other Financing Sources/Uses:

Transfer In/(Out)

$

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-

Net Change in Fund Balance	$	(43,721)  $	(7,040) $	299,972  $	31,286  $	(16,222)  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	264,275

Total Other Financing Sources/Uses	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-

Excess (Deficiency) of Revenues over Expenditures	$	(43,721)  $	(7,040)  $	299,972  $	31,286  $	(16,222)  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	264,275

Total Expenditures	$	43,721  $	23,960  $	18,771  $	35,301  $	18,525  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	140,279

Total Operations & Maintenance	$	25,216  $	20,087  $	14,787  $	27,971  $	13,766  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	101,827

Subtotal Amenity Expenditures	$	6,944  $	5,747  $	7,994  $	8,413  $	7,980  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	37,078

Scenic Highway
Community Development District Long Term Debt Report

Series 2020, Special Assessment Revenue Bonds	
Interest Rate	2.750%, 3.250%, 3.750%, 4.000%		
Maturity Date
Reserve Fund Definition Reserve Fund Requirement	5/1/2051
Maximum Annual Debt Service
$459,919		
Reserve Fund Balance	$459,919		
Bonds Outstanding - 12/21/20		$8,120,000	
Less: Principal Payment 5/1/22		($155,000)	
Current Bonds Outstanding		$7,965,000	

Scenic Highway
COMMUNITY DEVELOPMENT DISTRICT

Fiscal Year 2023		
	Gross Assessments	$	441,224.64	$	494,592.00	$	935,816.64	
	Net Assessments	$	410,338.92	$	459,970.56	$	870,309.48	
ON ROLL ASSESSMENTS		
47.15%	
52.85%	
100.00%	

Special Assessment Receipts

Date	
Distribution	
Gross Amount	
Discount/Penalty	
Commission	
Interest	
Net Receipts	
O&M Portion	Series 2020 Debt Service	
Total	

11/21/22	
11/1/22-11/6/22	
$25,429.80	
($1,017.23)	
($488.25)	
$0.00	
$23,924.32	
$11,279.99	
$12,644.33	
$23,924.32	
11/25/22	11/7/22-11/13/22	$12,714.90	($508.63)	($244.13)	$0.00	$11,962.14	$5,639.98	$6,322.16	$11,962.14	
12/12/22	11/14/22-11/23/22	$193,266.48	($7,731.41)	($3,710.70)	$0.00	$181,824.37	$85,727.68	$96,096.69	$181,824.37	
12/21/22	11/24/22-11/30/22	$259,383.96	($10,376.29)	($4,980.15)	$0.00	$244,027.52	$115,055.61	$128,971.91	$244,027.52	
12/23/22	12/01/22-12/15/22	$256,840.98	($10,172.50)	($4,933.37)	$0.00	$241,735.11	$113,974.77	$127,760.34	$241,735.11	
01/13/23	12/16/22-12/31/22	$150,035.82	($5,925.25)	($2,882.21)	$0.00	$141,228.36	$66,587.22	$74,641.14	$141,228.36	
02/16/23	1/1/23-1/31/23	$5,085.96	($101.70)	($99.69)	$0.00	$4,884.57	$2,303.01	$2,581.56	$4,884.57	
	TOTAL	$	902,757.90	$	(35,833.01)	$	(17,338.50)	$	-	$	849,586.39	$	400,568.26	$	449,018.13	$	849,586.39	

98%
$	20,723.09

Net Percent Collected Balance Remaining to Collect