Scenic Highway
Community Development District Agenda
March 18, 2025

Agenda

Scenic Highway
Community Development District

219 E. Livingston St., Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
March 11, 2025
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 Tuesday, March 18, 2025 at 10:30 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/85963009019
Zoom Call-In Number:  1-646-931-3860	Meeting ID: 859 6300 9019

Board of Supervisors Meeting

Roll Call
Public Comment Period
Approval of Minutes of the January 21, 2025 Board of Supervisors Meeting
Consideration of Mailbox Agreement with Magnolia Park HOA
Presentation of Series 2020 Arbitrage Rebate Report
Ratification of Proposal for Roof Repair with American Roofing
Staff Reports
Attorney
Engineer
Field Manager’s Report
District Manager’s Report
Approval of Check Register
Balance Sheet and Income Statement
Other Business
Supervisors Requests
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 Tuesday, January 21, 2025 at 10:30 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:

Bobbie Henley	Chairman
Lindsey Roden	Vice Chairman
Kristin Cassidy	Assistant Secretary
Jessica Spencer	Assistant Secretary
Joe Braddy	Assistant Secretary

Also, present were:

Monica Virgen	District Manager, GMS
Jamie McMillan by Zoom	GMS
Savanah Hancock	District Counsel, Kilinski Van Wyk
Marshall Tindall	GMS Field Services

The following is a summary of the discussions and actions taken at the January 21, 2025 Scenic Highway Community Development District’s Regular Board of Supervisor’s Meeting.

FIRST ORDER OF BUSINESS	Roll Call
Ms. Virgen called the meeting to order and called roll at 10:31 a.m. Five Board members were in attendance constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Virgen stated no members of the public were present in person nor by Zoom.

THIRD ORDER OF BUSINESS	Organizational Matters
A.  Administration of Oath of Office to Newly Elected Supervisors
Ms. Virgen administered the oath of office to Joe Braddy.

FOURTH ORDER OF BUSINESS	Approval of Minutes of the November 19,
2024 Meetings
A. Landowners’ Meeting
B. Audit Committee Meeting
C. Board of Supervisors Meeting
Ms. Virgen presented the minutes from the November 19, 2024 Landowners’ meeting, Audit Committee meeting and Board of Supervisors meeting. She asked for any comments, corrections, or changes to the minutes. The Board had no changes to the minutes.

On MOTION by Ms. Henley, seconded by Ms. Spencer, with all in favor, the Minutes of the November 19, 2024 Landowners’ Meeting, Audit Committee Meeting, and Board of Supervisors Meeting, were approved.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2025-06
Setting a Public Hearing to Consider Resident Request for Parking Exception on Tagliamento Lane
Ms. Virgen stated Mr. Rosario’s home is on lot 262 on Tagliamento Lane. He is requesting additional parking to be added in that area. It has been reviewed by the District Engineer and if the Board is amenable, additional parking can be added in this area from lots 268 to 262 without restricting access to any of the tracts. If the Board does approve this, a sample of a parking exemption sign is on page 22 of the agenda. No action was taken at this time.

SIXTH ORDER OF BUSINESS	Consideration of Data Sharing & Usage
Agreement with Polk County Property Appraiser
Ms. Virgen noted this agreement certifies that the records that Polk County holds exempt from public record, the District will also hold exempt from public record. It is an annual agreement with the county.

On MOTION by Ms. Henley, seconded by Ms. Roden, with all in favor, the Data Sharing & Usage Agreement with Polk County Property Appraiser, was approved.

SEVENTH ORDER OF BUSINESS	Consideration	of	Non-Ad	Valorem
Contract Agreement with Polk County Property Appraiser
Ms. Virgen stated this agreement allows the District to include the CDD assessments on the Non-Ad Valorem portion of the property tax bill. This is an annual agreement.

On MOTION by Ms. Henley, seconded by Ms. Spencer, with all in favor, the Non-Ad Valorem Contract Agreement with Polk County Property Appraiser, was approved.

EIGHTH ORDER OF BUSINESS	Staff Reports
A. Attorney
Ms. Hancock had nothing to report.

B. Engineer
Consideration of Assignment of Agreement
Ms. Virgen noted the Engineer is not on the line today. On page 31 of the agenda packet is the assignment of agreement for professional engineering services. Wood & Associates Engineering has been acquired by Quiddity Engineering, LLC. This agreement will assign the contract for District engineering services to Quiddity Engineering, LLC. John will continue to be the District Engineer.

On MOTION by Ms. Roden, seconded by Ms. Spencer, with all in favor, the Assignment of Agreement for District Engineer, was approved.

C. Field Manager’s Report
Mr. Tindall reviewed the Field Manager’s Report.

D. District Manager’s Report
Approval of Check Register
Ms. Virgen presented the check register from November 1, 2024 through December 31, 2024 totaling $79,713.53. Immediately following the summary is a detailed check register.

On MOTION by Ms. Roden, seconded by Ms. Henley, with all in favor, the Check Register totaling $79,713.53, was approved.

Balance Sheet and Income Statement
Ms. Virgen presented the unaudited financials. These are for informational purposes only.
She offered to take questions on the financials.

NINTH ORDER OF BUSINESS	Other Business
There being no comments, the next item followed.

TENTH ORDER OF BUSINESS	Supervisors Requests
There being no comments, the next item followed.

ELEVENTH ORDER OF BUSINESS	Adjournment

On MOTION by Ms. Henley, seconded by Ms. Spencer, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section IV

LICENSE AGREEMENT BETWEEN SCENIC HIGHWAY COMMUNITY DEVELOPMENT DISTRICT AND MAGNOLIA PARK HOMEOWNERS ASSOCIATION OF POLK COUNTY, INC., REGARDING THE USE OF CERTAIN DISTRICT PROPERTY

THIS LICENSE AGREEMENT (the “Agreement”) is made and entered into this 	day of March 2025, by and between:

SCENIC HIGHWAY COMMUNITY DEVELOPMENT DISTRICT, a local unit of special- purpose government established pursuant to Chapter 190, Florida Statutes, located in Polk County, Florida, with a mailing address of c/o Governmental Management Services – Central Florida, LLC, 219 East Livingston Street, Orlando, Florida 32801 (the “District”), and

Magnolia Park Homeowners Association of Polk County, Inc., a
Florida not for profit corporation, with a mailing address of c/o Prime Community Management, LLC, 346 East Central Avenue, Winter Haven, Florida 33880 (the “Licensee”, and together with the District, the “Parties”).

RECITALS

Whereas, the District is a special-purpose unit of local government established pursuant to and governed by Chapter 190, Florida Statutes; and

WHEREAS, the District owns, operates, and maintains various parcels of real property within the boundaries of the District, including those identified in Exhibit A attached hereto (the “License Property”); and

WHEREAS, the Licensee previously installed mailbox kiosks upon the License Property (“Mailbox Kiosks”); and

WHEREAS, the District’s Board of Supervisors (“Board”) is willing to grant a non- exclusive, revocable license to formally authorize Licensee’s prior installation of the Mailbox Kiosks, provided that such use does not impede the District’s operation of the License Property as a public improvement, such use is in compliance with this Agreement and provided that the Licensee complies with the provisions set forth herein; and

Whereas, the District and the Licensee warrant and agree that they have all rights, power, and authority to enter into and be bound by this Agreement.

Now, therefore, based upon good and valuable consideration and the mutual covenants of the Parties, the receipt and sufficiency of which are hereby acknowledged, the District and the Licensee agree as follows:

Incorporation Of Recitals. The Recitals stated above are true and correct and are incorporated herein as a material part of this Agreement.

GRANT OF LICENSE. The District hereby grants to Licensee a limited, non- exclusive license over, across, and around the License Property for the sole purpose and as necessary for operating, maintaining, repairing and replacing the Mailbox Kiosks (“License”). The License includes rights of ingress and egress, as may be reasonably necessary for the Licensee and its staff, employees and contractors to access the License Property to facilitate such services. In consideration of said use of the License Property, Licensee agrees to the following conditions:

Licensee shall be solely responsible for all maintenance and operation of the Mailbox Kiosks. Any work performed by or on behalf of the Licensee pursuant to this License shall be performed in accordance with all applicable governmental standards and regulations and performed in a good and workmanlike manner. Licensee shall ensure that any District property is kept free of liens and shall immediately discharge any liens that are placed on District property.

Licensee must obtain the District’s written approval before making any other changes, modifications, or installations on the License Property. The Licensee’s access does not include the use of any other District facilities, including but not limited to the recreational facilities or other improvements.

The District’s designees for purposes of this Agreement shall be its District Manager. The District reserves all rights and privileges in and to the District’s property, including the License Property. This License for the License Property is granted to Licensee in its “as is” condition and without any warranty or representation, express or implied. No other use of, or access to, the District’s property or recreational facilities is permitted without prior written consent of the District through its designee.

Licensee shall use due care to protect the Mailbox Kiosks from damage in the course of exercising the rights granted by the License. Licensee shall be responsible, at its sole cost, for replacing or repairing the Mailbox Kiosks, including without limitation, ongoing maintenance, installation and or removal thereof, including the activities of the Licensee or its contractors, subcontractors, agents, employees or others under Licensee’s direction or control. The Licensee shall use all due care to protect the License Property and adjoining property from damage resulting from the Licensee’s use of the License Property. In the event the Licensee, or its respective employees, agents, assignees, contractors (or their subcontractors, employees, or materialmen) or representatives cause damage to the License Property or to adjacent property or improvements in the exercise of the License granted herein, the Licensee, at its sole cost and expense, agrees to promptly commence and diligently pursue the restoration of the same and the improvements so damaged to, as nearly as practical, the original condition and grade, including, without limitation, repair and replacement of any landscaping, hardscaping, plantings, ground cover,

roadways, sidewalks, parking areas, and other structures or improvements of any kind.

Licensee remains responsible for the safety and security of all persons operating under this grant of License.

Licensee’s use of the License Property shall be contemporaneous with the use of the District’s facilities by patrons of the District, and Licensee’s use shall not interfere with the operation of the District’s facilities as a public improvement except as set forth herein.

The grant of this License is further conditioned on Licensee’s compliance at all times with applicable laws, statutes, ordinances, codes, rules, regulations, and requirements of federal, state, county, city and municipal government, and any and all of their departments and bureaus, and all applicable permits and approvals (“Laws”). It is Licensee’s responsibility to know, understand and follow such Laws.

The District may revoke the License at any time with or without cause.

Covenants Running with the Land; Binding Effect. The rights and burdens
created hereby shall be appurtenant to and shall constitute covenants running with the land, shall bind the Parties or their successors, and shall inure to the Parties’ benefit.

CARE OF PROPERTY. The Licensee agrees to use all due care to protect the property of the District, its residents, and landowners from damage, and to require any participants to do the same. The Licensee agrees that it shall assume responsibility for any and all damage to the District’s License Property and other property as a result of the Licensee’s use under this Agreement and other damage, other than ordinary wear and tear, which may be attributable to an act or omission by the Licensee or its agent. In the event that any damage to the District’s License Property or lands occurs, the District shall notify the Licensee of such damage. The Licensee agrees that the District may make whatever arrangements the District, in its sole discretion, deems necessary to promptly make any such repairs as are necessary to preserve the health, safety, and welfare of the District's lands, facilities, residents and landowners. The Licensee agrees to reimburse the District for any such repairs within thirty (30) days of receipt of an invoice from the District reflecting the cost of the repairs made under this Paragraph. Further, the Licensee shall be solely responsible for the cleaning of the District’s License Property following each instance of use in a manner which restores the License Property to the same or a higher degree of cleanliness as they were in prior to use.

Revocation, Suspension and Termination. The District and Licensee acknowledge and agree that the License granted herein is a mere privilege and may be suspended, terminated or revoked immediately upon written notice, with or without cause, by either party. In the event this License is revoked or terminated pursuant to its terms, Licensee must expeditiously

restore the District property to its same or better condition. Licensee shall not be entitled to any payment of damages for termination or revocation whatsoever by the District – this grant of License is a mere privilege and not a right. The failure of any party hereto to enforce any provision of this Agreement shall not be construed to be a waiver of such or any other provision, nor in any way to affect the validity of all or any part of this Agreement or the right of such party thereafter to enforce each and every provision. No waiver of any breach shall be held to constitute a waiver of any other or subsequent breach.

Indemnity; Limitations on Governmental Liability. The Licensee hereby
agrees to defend, indemnify and hold the District harmless from and against any and all claims, demands, losses, damages, liabilities, and expenses, and all suits, actions and judicial decrees (all costs including, without limitation, expert witness fees, paralegal fees, and reasonable attorneys’ fees for the District’s legal counsel of choice, whether at trial or on appeal), arising from personal injury, death, or property damage resulting in any manner whatsoever from use of the License by the Licensee, its staff, agents, participants, guests, or invitees. Nothing in this Agreement shall be deemed as a waiver of the District’s sovereign immunity or the District’s limits of liability as set forth in section 768.28, Florida Statutes, or other law, and nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing any claim which would otherwise be barred under such limitations of liability or by operation of law.

Recovery of Costs and Fees. In the event either party to this Agreement is required to enforce this Agreement by court proceedings or otherwise, the prevailing party shall be entitled to recover from the other party all fees and costs incurred, including reasonable attorneys’ fees and costs.

Entire Agreement. This instrument shall constitute the final and complete expression of the agreement between the Parties relating to the subject matter of this Agreement.

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

ASSIGNMENT. Neither the District nor the Licensee may assign their rights, duties, or obligations under this Agreement without the prior written approval of the other. Any purported assignment without said written authorization shall be void.

Controlling Law and Venue. This Agreement and the provisions contained in this Agreement shall be construed, interpreted, and controlled according to the laws of the State of Florida. The Parties agree that venue for any dispute arising hereunder shall be in a court of jurisdiction in Polk County, Florida.

DEFAULT. In the event the Licensee shall fail to perform any covenant, term, or provision of this Agreement, then the District shall have the right to immediately terminate this Agreement and the Licensee shall remove the Mailbox Kiosks and any signage from District property.

NOTICES. All notices, requests, consents, and other communications hereunder (“Notices”) shall be in writing and shall be delivered, mailed by overnight courier or First Class Mail, postage prepaid, to the Parties as follows:

If to the District:	Scenic Highway Community Development District
c/o Governmental Management Services – Central Florida, LLC
219 East Livingston Street Orlando, Florida 32801 Attn: District Manager

With a copy to:	Kilinski | Van Wyk PLLC
517 East College Avenue Tallahassee, Florida 32301
Attn: Scenic Highway CDD, District Counsel

If to the Licensee:	Magnolia Park Homeowners Association of Polk County, Inc.
c/o Prime Community Management, LLC 346 East Central Avenue
Winter Haven, Florida 33880 Attn: 	

Except as otherwise provided in this Agreement, any Notice shall be deemed received only upon actual delivery at the address set forth above. 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 contained in this Agreement 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 the Licensee may deliver Notice on behalf of the District and the Licensee. Any party or other person to whom Notices are to be sent or copied may notify the other Parties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days written notice to the Parties and addressees set forth herein.

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

PUBLIC RECORDS. The Licensee understands and agrees that all documents of any kind provided to the District in connection with this License Agreement may be public records, and, accordingly, the Licensee agrees to comply with all applicable provisions of Florida law in handling such records, including, but not limited to, section 119.0701, Florida Statutes. The Licensee acknowledges that the designated public records custodian for the District is Governmental Management Services – Central Florida, LLC (“Public Records Custodian”). Among other requirements and to the extent applicable by law, the Licensee shall 1) keep and maintain public records required by the District to perform the service; 2) upon request by the

Public Records Custodian, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of the contract term and following the contract term if the Licensee does not transfer the records to the Public Records Custodian of the District; and 4) upon completion of the contract, transfer to the District, at no cost, all public records in the Licensee’s possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws. When such public records are transferred by the Licensee, the Licensee shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats.

IF THE LICENSEE HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE LICENSEE’S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS CONTRACT, CONTACT THE PUBLIC RECORDS CUSTODIAN AT (407) 841-5524, RECORDREQUEST@GMSCFL.COM, OR 219 EAST LIVINGSTON STREET, ORLANDO, FLORIDA 32801.
Arm’s Length Negotiation. This Agreement has been negotiated fully among the Parties as an arm’s length transaction. The Parties participated fully in the preparation of this Agreement and received, or had the opportunity to receive, the advice of counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, the Parties are deemed to have drafted, chosen and selected the language and any doubtful language will not be interpreted or construed against any party.

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

Headings for Convenience Only. The descriptive headings in this Agreement are for convenience only and shall not control nor affect the meaning or construction of any of the provisions of this Agreement.

COUNTERPARTS. This Agreement may be executed in any number of counterparts, each of which when executed and delivered shall be an original; however, all such counterparts together shall constitute but one and the same instrument.

Anti-Human Trafficking Requirements. Licensee certifies, by acceptance of this Agreement, that neither it nor its principals utilize coercion for labor or services as defined in section 787.06, Florida Statutes. Licensee agrees to execute the affidavit, in a form acceptable to the District, in compliance with section 787.06(13), Florida Statutes.

[Signature page to License Agreement Regarding the Use of Certain District Property]

In witness whereof, the Parties caused this Agreement to be executed, effective as of the day and year first written above.

SCENIC HIGHWAY
COMMUNITY DEVELOPMENT DISTRICT

Chairperson, Board of Supervisors

MAGNOLIA PARK HOMEOWNERS ASSOCIATION OF POLK COUNTY, INC., a
Florida not for profit corporation

By: 	 Its: 		

Exhibit A:	License Property

Exhibit A
License Property

The License Property includes the District-owned and maintained property that is located adjacent to the Mailbox Kiosks, which are identified in the red box in the image below, along with any District-owned property which is necessary to use for ingress and egress to and from the Mailbox Kiosks.

Section V

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, 2028
Reflecting Activity To December 31, 2024

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: Phase 1&2	13	
Arbitrage Rebate Calculation Detail Report – Acquisition & Construction Fund: Phase 3	15	
Arbitrage Rebate Calculation Detail Report – Capitalized Interest Fund	17	
Arbitrage Rebate Calculation Detail Report – Cost of Issuance Fund	18	
Arbitrage Rebate Calculation Detail Report – Debt Service Reserve Fund	19	
Arbitrage Rebate Calculation Detail Report – Rebate Computation Credits	21	

February 14, 2025

Scenic Highway Community Development District c/o Ms. Katie Costa
Director of Operations – Accounting Division Government 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, 2025. 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	Trong M. Tran
Assistant Vice President	

SUMMARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the December 21, 2028 Computation Date
Reflecting Activity from December 21, 2020 through December 31, 2024

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitrage	
Acquisition & Construction Fund - Phase 1&2	0.229273%	945.86	(19,975.17)	
Acquisition & Construction Fund - Phase 3	0.005867%	56.81	(49,588.73)	
Capitalized Interest Fund	0.005993%	10.24	(8,748.29)	
Cost of Issuance Fund	0.005785%	0.01	(8.97)	
Debt Service Reserve Fund	2.095320%	31,687.70	(33,733.11)	
Totals	1.059831%	$32,700.62	$(112,054.27)	
Bond Yield	3.865895%		
Rebate Computation Credits	(9,415.97)	
Net Rebatable Arbitrage	$(121,470.24)	

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, 2024, the Computation Period. All nonpurpose payments and receipts are future valued to the Computation Date of December 21, 2028.

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, 2024, 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, 2028.

Computation Period
The period beginning on December 21, 2020, the date of the closing, and ending on December 31, 2024.

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, 2024, 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, 2028. 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, 2028, 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	Beg	Bal	-4,307,801.25	-5,851,793.20	
12/23/20			2,222,167.50	3,017,989.46	
12/28/20			150.00	203.61	
12/31/20			17,858.44	24,236.01	
01/05/21			3,000.00	4,069.19	
01/06/21			306,060.94	415,095.80	
01/06/21			71,771.15	97,339.77	
01/06/21			21,000.00	28,481.29	
01/06/21			15,463.74	20,972.73	
01/06/21			203.28	275.70	
01/06/21			1,348.75	1,829.25	
01/06/21			252.00	341.78	
01/19/21			10,474.43	14,186.34	
01/26/21			182,178.47	246,554.90	
02/02/21			3,000.00	4,057.52	
02/04/21			1,243.94	1,682.08	
02/04/21			3,000.00	4,056.66	
02/05/21			401,255.20	542,527.22	
02/05/21			80,064.81	108,253.65	
02/05/21			1,720.00	2,325.57	
02/05/21			6,795.82	9,188.46	
02/05/21			9,000.00	12,168.68	
02/12/21			3,000.00	4,053.21	
02/25/21			4,388.00	5,920.30	
02/25/21			1,421.50	1,917.89	
03/03/21			45,318.89	61,092.34	
03/03/21			2,500.00	3,370.14	
03/03/21			105.00	141.55	
03/04/21			3,000.00	4,043.73	
03/09/21			503,354.72	678,116.75	
03/09/21			13,830.26	18,632.05	
03/09/21			3,000.00	4,041.58	
03/26/21			3,000.00	4,034.28	
04/05/21			65,843.20	88,458.64	
04/06/21			25,700.00	34,523.61	
04/07/21			-55,109.38	-74,022.28	
04/09/21			160,142.10	215,055.27	
04/09/21			8,951.16	12,020.54	
04/09/21			26,426.14	35,487.74	
04/13/21			2,335.00	3,134.34	
04/15/21			-348,842.80	-468,163.09	
04/15/21			78,430.50	105,257.34	
04/15/21			1,401.62	1,881.04	
04/29/21			-25,700.00	-34,439.26	
04/29/21			262,852.78	352,235.64	
04/29/21			2,089.25	2,799.70	
04/29/21			47,568.00	63,743.46	
04/29/21			22,216.25	29,770.87	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(3.865895%)	
05/06/21		143.00	191.48	
05/17/21		1,061.84	1,420.20	
05/17/21		2,402.35	3,213.11	
05/17/21		333.75	446.39	
05/21/21		87,041.50	116,367.27	
05/26/21		1,610.00	2,151.29	
09/17/21		-115,128.59	-152,030.03	
10/08/21		4,500.00	5,929.10	
10/08/21		8,272.00	10,899.00	
10/22/21		2,237.50	2,943.69	
10/27/21		2,940.58	3,866.62	
10/27/21		265.00	348.45	
11/12/21		-29,457.90	-38,672.96	
11/19/21		29,457.90	38,644.18	
11/19/21		48,725.05	63,919.68	
11/19/21		48,189.50	63,217.12	
01/10/22		-25,117.10	-32,771.48	
02/02/22		219.00	285.07	
02/02/22		262.50	341.70	
02/02/22		2,078.00	2,704.93	
03/01/22		-1,522.00	-1,975.08	
03/02/22		2,352.70	3,052.75	
03/15/22		21,727.41	28,153.47	
05/30/23		-229,959.37	-284,499.53	
06/29/23		230,018.65	283,696.46	
10/10/23		37.50	45.76	
01/23/24		-546.00	-658.96	
03/20/24		1,368.10	1,641.17	
12/31/24	Bal	3.57	4.16	
12/31/24	Acc	0.01	0.01	
12/21/28	TOTALS:	945.86	-19,975.17	

ISSUE DATE:	12/21/20	REBATABLE ARBITRAGE:	-19,975.17	
COMP DATE:	12/21/28	NET INCOME:	945.86	
BOND YIELD: 3.865895%	TAX INV YIELD:	0.229273%	

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	-3,699,838.09	
04/07/21			55,109.38	74,022.28	
04/13/21			128,387.02	172,337.95	
04/15/21			348,842.80	468,163.09	
04/29/21			3,000.00	4,020.15	
04/29/21			449,979.40	602,994.50	
04/29/21			25,700.00	34,439.26	
04/29/21			6,442.50	8,633.27	
05/04/21			3,000.00	4,018.01	
05/06/21			227,892.50	305,159.86	
05/17/21			3,000.00	4,012.46	
05/21/21			20,561.63	27,489.20	
06/08/21			3,000.00	4,003.51	
06/08/21			292,905.27	390,882.67	
06/16/21			3,000.00	4,000.10	
06/25/21			14,668.16	19,539.33	
06/25/21			16,850.00	22,445.74	
07/01/21			435,009.21	579,102.26	
07/01/21			231.25	307.85	
07/01/21			3,000.00	3,993.72	
07/09/21			8,500.00	11,305.93	
07/09/21			3,000.00	3,990.33	
07/09/21			13,574.16	18,055.11	
07/20/21			1,755.00	2,331.61	
07/23/21			26,422.00	35,091.85	
07/23/21			3,000.00	3,984.39	
08/03/21			189,438.86	251,331.97	
08/11/21			22,470.75	29,786.99	
08/11/21			3,000.00	3,976.77	
08/31/21			1,821.76	2,410.03	
08/31/21			115,128.59	152,305.17	
08/31/21			75.00	99.22	
08/31/21			3,000.00	3,968.74	
09/03/21			6,198.58	8,197.57	
09/27/21			6,435.00	8,488.54	
09/27/21			8,950.00	11,806.12	
09/27/21			3,000.00	3,957.36	
10/08/21			1,629.25	2,146.66	
10/08/21			13,575.00	17,886.11	
10/08/21			3,000.00	3,952.73	
10/27/21			250.00	328.73	
10/27/21			1,164.50	1,531.22	
10/27/21			860.00	1,130.83	
10/27/21			1,583.40	2,082.04	
10/27/21			543.75	714.99	
10/27/21			56.70	74.56	
11/01/21			-3,000.00	-3,943.07	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(3.865895%)	
11/01/21		-3,000.00	-3,943.07	
11/15/21		192,201.24	252,245.40	
11/19/21		16,321.00	21,410.61	
11/19/21		42,913.59	56,295.95	
11/19/21		13,478.89	17,682.21	
12/21/21		-1,629.25	-2,130.06	
12/22/21		1,629.25	2,129.83	
12/21/23		0.66	0.80	
12/21/28	TOTALS:	56.81	-49,588.73	

ISSUE DATE:	12/21/20	REBATABLE ARBITRAGE:	-49,588.73	
COMP DATE:	12/21/28	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	-355,033.30	
01/05/21			0.48	0.65	
02/02/21			1.33	1.80	
03/02/21			1.20	1.62	
04/02/21			1.33	1.79	
05/03/21			109,601.73	146,809.23	
05/04/21			1.29	1.73	
06/02/21			0.81	1.08	
06/22/21			-0.01	-0.01	
07/02/21			0.75	1.00	
08/03/21			0.77	1.02	
09/02/21			0.78	1.03	
10/04/21			0.75	0.99	
11/01/21			151,756.25	199,462.08	
11/02/21			0.77	1.01	
12/21/28	TOTALS:	10.24	-8,748.29	

ISSUE DATE:	12/21/20	
REBATABLE ARBITRAGE:	
-8,748.29	
COMP DATE:	12/21/28	NET INCOME:	10.24	
BOND YIELD: 3.865895%	TAX INV YIELD:	0.005993%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.865895%)

12/21/20	Beg	Bal	-190,675.00	-259,016.28	
12/21/20			6,000.00	8,150.51	
12/21/20			47,500.00	64,524.84	
12/21/20			30,000.00	40,752.53	
12/21/20			55,000.00	74,712.97	
12/21/20			45,000.00	61,128.79	
12/28/20			5,675.00	7,703.28	
01/06/21			1,500.00	2,034.38	
06/22/21			0.01	0.01	
12/21/28	TOTALS:	0.01	-8.97	

ISSUE DATE:	
12/21/20	
REBATABLE ARBITRAGE:	
-8.97	
COMP DATE:	12/21/28	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	-624,761.74	
01/05/21			0.84	1.14	
02/02/21			2.34	3.16	
03/02/21			2.12	2.86	
04/02/21			2.34	3.14	
05/04/21			2.28	3.05	
06/02/21			2.34	3.12	
07/02/21			2.26	3.01	
08/03/21			2.34	3.10	
09/02/21			2.35	3.11	
10/04/21			2.26	2.98	
11/02/21			2.34	3.08	
12/02/21			2.28	2.99	
12/30/21			0.05	0.07	
01/04/22			2.34	3.06	
02/02/22			2.34	3.05	
03/02/22			2.11	2.74	
04/04/22			2.36	3.05	
05/03/22			2.26	2.91	
06/02/22			115.94	149.00	
07/05/22			264.75	339.06	
08/02/22			462.22	590.26	
09/02/22			696.27	886.31	
10/04/22			795.38	1,009.04	
11/02/22			1,041.77	1,317.68	
12/02/22			1,269.58	1,600.71	
01/04/23			1,434.35	1,802.31	
02/02/23			1,527.23	1,913.31	
03/02/23			1,463.83	1,828.04	
04/04/23			1,654.70	2,059.38	
05/02/23			1,670.95	2,073.42	
05/30/23			229,959.37	284,499.53	
06/02/23			1,758.58	2,175.20	
07/05/23			889.62	1,096.52	
08/02/23			929.48	1,142.37	
09/05/23			965.08	1,181.97	
10/03/23			934.56	1,141.18	
11/02/23			967.61	1,177.90	
12/04/23			938.59	1,138.69	
12/22/23			0.23	0.28	
01/03/24			969.57	1,172.66	
02/02/24			964.90	1,163.41	
03/04/24			898.89	1,080.14	
03/22/24			0.01	0.01	
04/02/24			958.87	1,148.79	
05/02/24			925.93	1,105.79	
06/04/24			957.25	1,139.31	
07/02/24			926.10	1,098.96	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(3.865895%)	
08/02/24		955.63	1,130.39	
09/04/24		951.72	1,121.94	
10/02/24		889.84	1,045.87	
11/04/24		868.06	1,016.80	
12/03/24		810.56	946.53	
12/31/24	Bal	229,959.38	267,763.92	
12/31/24	Acc	792.10	922.32	
12/21/28	TOTALS:	31,687.70	-33,733.11	

ISSUE DATE:	12/21/20	REBATABLE ARBITRAGE:	-33,733.11	
COMP DATE:	12/21/28	NET INCOME:	31,687.70	
BOND YIELD: 3.865895%	TAX INV YIELD:	2.095320%	

		ARBITRAGE REBATE CALCULATION DETAIL REPORT		
		
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(3.865895%)	
12/21/21		-1,780.00	-2,327.15	
12/21/22		-1,830.00	-2,302.64	
12/21/23		-1,960.00	-2,373.57	
12/21/24		-2,070.00	-2,412.61	
12/21/28	TOTALS:	-7,640.00	-9,415.97	

ISSUE DATE:	12/21/20	REBATABLE ARBITRAGE: -9,415.97 COMP DATE:	12/21/28
BOND YIELD: 3.865895%

Section VI

American Roofing FL
2219 31st Street Northwest, Winter Haven, FL 33881 Phone: (863) 965-2727

Company Representative
Billy Jelinek
Phone: (863) 965-2727
billy@americanroofingfl.com

Repair- 611 Tanaro Ln
02/07/2025
Claim Information

Marshall Tindall Scenic Highway CDD 611 Tanaro Lane Haines City, FL 33844	Job: Magnolia Park Amenity Roof	
Repair Section	
	Qty	Unit	Price	
Repair	1.00	EA	$685.00	
On the pool building structure's southeast front hip we will replace 7 feet area of missing/marked cap shingles.
We will replace four small marked/damaged field shingle areas. We will replace two East slope, one North slope, and one West slope. We will match the existing shingle color to the best of our ability.				
The above specified active leaking areas guaranteed for a period of one year.				
			$685.00	

TOTAL	$685.00

Finance as little as $2000 • Starting at $43/month with  • APPLY

Warranty Policy:
American Roofing FL offers a 10-year workmanship warranty on all new residential roofs and a 5-year warranty on all new modular or mobile home roofs. This warranty is a testament to the quality of our work and our confidence in it.
Please note that the workmanship warranty is void if payment is not made in full (this includes any cost added for rotten wood).
This warranty does not cover the acts or omissions of other trades and contractors. Warranty service issues caused by named storms, including any damages caused by named storms, are not covered by American Roofing FL's workmanship warranty.
If work is conducted in connection with flues, vents, drains, sign braces, railings, platforms, or other equipment fastened to or set on the roof, including solar panels, satellite dishes, antennas, etc., or if repairs or alterations are made to the roof without first notifying American Roofing FL referred to herein as Contractor in writing and giving Contractor a reasonable period (no less than ten days) to make the necessary roofing application recommendations with respect thereto, this warranty will be void.
This warranty is not assignable and is not subject to alterations except by written agreement by an oﬃcer of the warrantor. This ensures that the homeowner understands their responsibilities in maintaining the warranty and fosters a sense of trust in the process.
Repair Warranty:
American Roofing FL warrants the workmanship on all roof repairs for one year from the completion date (unless otherwise specified in specifications). Please note that the workmanship warranty is void if payment is not made in full.
Arbitrator / Mediator:
If any disputes or controversies arise between the parties under the terms of this Contract, the parties waive their right to litigate these issues in court and instead elect to have these disputes resolved through neutral, unbiased arbitration/mediation. The parties agree that any unresolved disputes will be arbitrated in Polk County in Florida.
Open and unpaid invoices automatically trigger the start of the lien process. Once an agreement is reached, the lien removal will start without delay. Any decision or award resulting from any such arbitration/mediation shall be issued in writing, and both parties agree to adhere to the terms of the arbitrator's/mediator's final decision and instructions. Any arbitration award may be confirmed in a court of competent jurisdiction.

This process ensures fair and impartial resolution of any disputes, fostering a sense of security and trust with the homeowner.
Should water intrusion or any other damage occur due to our workmanship during your roof project, American Roofing FL will determine and execute all necessary repairs to bring the structure back to its original state.
Please note that American Roofing FL cannot be held responsible for any damages caused during the roof construction, including but not limited to cracks in drywall, damage to items falling off walls, shelves, paintings, outdoor decorations, patio furniture, grills, figurines, or any other items that could incur damage.
American Roofing FL's estimate assumes that your existing decking and framing members are installed evenly and that the deck is free of deviations.
However, American Roofing FL shall not be responsible for any deviations in the existing roof decking surface, including, but not limited to, uneven truss installation, poor framing workmanship, inadequate roof system engineering, or low-quality deck materials.
Payment Terms:
We kindly request a 50% deposit upon signing the contract. The final payment, including any applicable additional charges, is due upon substantial completion and is not contingent upon an insurance payment.
We appreciate your promptness in this matter. It helps us maintain our high standards of service.
Please note that you may be sued to collect your debt, and any associated fees will be added to your account balance. Late payment fees of 3-10% per day apply beyond seven days of the first invoice date.
All major credit cards are accepted (a 3.9% transaction fee will apply to each transaction). Electronic ACH checks are accepted (a .05% transaction fee will apply to each transaction).
Additional fees associated with financing may apply. Ask your sales representative for applicable details.
The property owner is responsible for ensuring the crew has access to electricity and running water on-site for the project's duration.
The property owner must be accessible at all times by phone and email to approve change orders in writing and receive necessary updates.
Please sign the estimate, issue a 50% deposit, and sign the attached Notice of Commencement. American Roofing FL will record the NOC as required in your jurisdiction.
I completely understand all the terms of this contract, including that the price is based on the specifications listed herein. I agree to pay the amount stated in this contract for the work specified and any additional costs (including wood).
CONTRACTS ENTERED INTO DURING A DECLARATION OF A STATE OF EMERGENCY BY THE GOVERNOR:
You, the residential property owner, may cancel this contract without penalty or obligation within 10 days after the execution of the contract or by the oﬃcial start date, whichever comes first, because this contract was entered into during a declaration of a state of emergency by the Governor. The oﬃcial start date is the date on which work that includes the installation of materials that will be included in the final work on the roof commences, a final permit has been issued, or a temporary repair to the roof covering or roof system has been made in compliance with the Florida Building Code.

Company Authorized Signature	Date

ustomer Signature

C

2025-02-12

Date

Customer Signature	Date

Section VII

Section C

to be provided under separate cover

Section D

Section 1

Scenic Highway Community Development District

Summary of Check Register

January 1, 2025 to March 5, 2025

Fund	Date	Check No.'s	Amount

General Fund	
1/7/25	
611-614	
$	
475,933.68	
	1/16/25	615-622	$	17,020.03	
	1/23/25	623-625	$	7,905.81	
	2/5/25	626-627	$	3,368.00	
	2/13/25	628-632	$	28,766.42	
	2/21/25	633-636	$	16,057.05	
	2/26/25	637-638	$	2,712.81	
		 $	551,763.80 	
	February Supervisors				
Kristin Cassidy	50001	$	184.70	
Bobbly Henley	50002	$	184.70	
Joe Braddy	50000	$	184.70	
Lindsey Roden	50003	$	184.70	
Jessica Spence	50004	$	184.70	

 $	923.50 

Total Amount	$	552,687.30

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	3/12/25	PAGE	1
*** CHECK DATES 01/01/2025 - 03/05/2025 ***	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	#
1/07/25 00002 11/30/24 160	202411 320-53800-48000	*	1,348.54
GENERAL REPAIRS NOV24
11/30/24 160	202411 320-53800-49000	*	900.00
MILTON- FENCE REPAIRS
11/30/24 160	202411 330-57200-48000	*	700.00
MILTON-STORM PREPARATIONS
12/01/24 159	202412 320-53800-46400	*	885.42
ROW TREE INSPECTS DEC24
GOVERNMENTAL MANAGEMENT SERVICES-CF	3,833.96 000611
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/07/25 00027 11/30/24 15596	202411 320-53800-46401	*	25,305.00
LIVE OAK TREES/GATOR BAGS
PRINCE & SONS INC.	25,305.00 000612
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/07/25 00031	1/06/25 01062025 202501 300-20700-10000	*	444,171.72
ASSESS TRANSFER S2020
SCENIC HIGHWAY CDD C/O USBANK	444,171.72 000613
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/07/25 00039	1/06/25 01062025 202501 300-15500-10000	*	2,623.00
PLAYGRND/FUR LEASE FEB25
83 HOLDINGS	LLC	2,623.00 000614
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/16/25 00041 12/30/24 13955	202412 330-57200-48200	*	745.00
CLEANING SVCS DEC24
CSS CLEAN STAR SERVICES CENTRAL FL	745.00 000615
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/16/25 00046 11/15/24 110916	202411 330-57200-48000	*	433.00
INSTD ELECTRIC STRIKE
CURRENT DEMANDS ELECTRICAL &	433.00 000616
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/16/25 00058 11/30/24 00068162 202411 310-51300-48000	*	1,250.44
NOT OF LANDOWNERS MEETING
GANNETT MEDIA CORP DBA GANNETT	1,250.44 000617
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/16/25 00002	1/01/25 161	202501 310-51300-34000	*	3,750.00
MANAGEMENT FEES JAN25
1/01/25 161	202501 310-51300-35200	*	105.00
WEBSITE ADMIN JAN25
1/01/25 161	202501 310-51300-35100	*	157.50
INFORMATION TECH JAN25
1/01/25 161	202501 310-51300-31300	*	437.50
DISSEMINATION SVCS JAN25
1/01/25 161	202501 330-57200-48300	*	833.33
AMENITY ACCESS JAN25
1/01/25 161	202501 310-51300-51000	*	.96
OFFICE SUPPLIES JAN25
SCEN SCENIC HIGHWAY CWRIGHT

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	3/12/25	PAGE	2
*** CHECK DATES 01/01/2025 - 03/05/2025 ***	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	#
1/01/25 161	202501 310-51300-42000	*	154.55
POSTAGE JAN25
1/01/25 162	202501 320-53800-34000	*	1,460.83
FIELD MANAGEMENT JAN25
1/01/25 163	202501 320-53800-46400	*	885.42
ROW TREE INSPECTNS JAN25
GOVERNMENTAL MANAGEMENT SERVICES-CF	7,785.09 000618
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/16/25 00037	1/13/25 63507473 202501 330-57200-48100	*	40.00
PEST CONTROL JAN25
MASSEY SERVICES INC.	40.00 000619
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/16/25 00050	1/01/25 25899	202501 330-57200-48500	*	1,880.00
POOL MAINTENANCE JAN25
MCDONNELL CORPORATION DBA RESORT	1,880.00 000620
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/16/25 00027	1/01/25 15897	202501 320-53800-46200	*	2,836.66
LANDSCAPE MAINT JAN25
PRINCE & SONS INC.	2,836.66 000621
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/16/25 00051 12/31/24 12002266 202412 330-57200-34500	*	2,049.84
SECURITY SVCS DEC24
SECURITAS SECURITY	2,049.84 000622
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/23/25 00024	1/21/25 11255	202412 310-51300-31500	*	3,484.00
GENERAL COUNSEL DEC24
KILINSKI VAN WYK	PLLC	3,484.00 000623
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/23/25 00064	1/15/25 57	202501 310-51300-42000	*	172.93
REIMBURSEMENT OF POSTAGE
POLK COUNTY TAX COLLECTOR	172.93 000624
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/23/25 00032	1/17/25 6131	202501 330-57200-49000	*	4,248.88
SHADE CANOPY REPLACEMENT
LEGACY CONSTRUCTION SERVICES GROUP	4,248.88 000625
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/05/25 00041	1/28/25 14191	202501 330-57200-48200	*	745.00
CLEANING SVCS JAN25
CSS CLEAN STAR SERVICES CENTRAL FL	745.00 000626
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/05/25 00039	2/05/25 02052025 202502 300-15500-10000	*	2,623.00
PLAYGRND/FUR LEASE MAR25
83 HOLDINGS	LLC	2,623.00 000627
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/13/25 00002	2/01/25 165	202502 310-51300-34000	*	3,750.00
MANAGEMENT FEES FEB25
SCEN SCENIC HIGHWAY CWRIGHT

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	3/12/25	PAGE	3
*** CHECK DATES 01/01/2025 - 03/05/2025 ***	SCENIC HIGHWAY GENERAL FUND
BANK A SCENIC HIGHWAY CDD

DATE	DATE	
	2/01/25	
	2/01/25	
	2/01/25	
	2/01/25	
	2/01/25	
	2/01/25	
	2/01/25	
	2/01/25	

	AMOUNT	#	
*	105.00			
*	157.50			
*	437.50			
*	833.33			
*	.54			
*	48.35			
*	1.35			
*	1,460.83			

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS
165	202502 310-51300-35200
WEBSITE ADMIN FEB25
165	202502 310-51300-35100
INFORMATION TECH FEB25
165	202502 310-51300-31300
DISSEMINATION SVCS FEB25
165	202502 330-57200-48300
AMENITY ACCESS FEB25
165	202502 310-51300-51000
OFFICE SUPPLIES FEB25
165	202502 310-51300-42000
POSTAGE FEB25
165	202502 310-51300-42500
COPIES FEB25
166	202502 320-53800-34000
FIELD MANAGEMENT FEB25
GOVERNMENTAL MANAGEMENT SERVICES-CF	6,794.40 000628
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/13/25 00037	2/01/25 63857327 202502 330-57200-48100	*	40.00
PEST CONTROL FEB25
MASSEY SERVICES INC.	40.00 000629
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/13/25 00050	2/01/25 26252	202502 330-57200-48500	*	1,880.00
POOL MAINTENANCE FEB25
MCDONNELL CORPORATION DBA RESORT	1,880.00 000630
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/13/25 00065	1/29/25 2025-MP- 202501 320-53800-48000	*	12,050.00 MILTON-VINYL FENCE REPAIR
PINEAPPLE SERVICES LLC	12,050.00 000631
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/13/25 00027	2/01/25 16273	202502 320-53800-46200	*	2,836.66
LANDSCAPE MAINT FEB25
2/07/25 16400	202502 320-53800-46200	*	5,165.36
ADJ LANDS MAINT NOV-FEB
PRINCE & SONS INC.	8,002.02 000632
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/21/25 00053	2/14/25 7105-02- 202502 310-51300-31200	*	450.00
SPEC ASSESS BOND S2020
AMTEC	450.00 000633
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/21/25 00051	1/31/25 12042598 202501 330-57200-34500	*	1,822.08
SECURITY SVCS JAN25
SECURITAS SECURITY	1,822.08 000634
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/21/25 00031	2/21/25 02212025 202502 300-20700-10000	*	1,016.47
ASSESS TRANSFER S2020
SCEN SCENIC HIGHWAY CWRIGHT

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	3/12/25	PAGE	4
*** CHECK DATES 01/01/2025 - 03/05/2025 ***	SCENIC HIGHWAY GENERAL FUND

CHECK	VEND# DATE	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS		AMOUNT	....CHECK..... AMOUNT	#	
	2/21/25 02212025 202502 300-20700-10000	*
SCENIC HIGHWAY CDD C/O USBANK		8,727.87	
9,744.34 000635	
- - - - - - - - 2/21/25 00033	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/24/25 7624269	202501 310-51300-32300	*
1/24/25 7624269	202501 300-15500-10000	*	- - - -	- - - - - -

1,010.16	- - - - - - - -	
	TRUSTEE FEES FY26 OCT-DEC
US BANK			4,040.63 000636	
- - - - - - - - 2/26/25 00002	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/31/24 164	202412 320-53800-48000	*
2/01/25 167	202502 320-53800-46400	*	- - - -	- - - - - -

885.42	- - - - - - - -	
	ROW TREE INSPECTNS FEB25
GOVERNMENTAL MANAGEMENT SERVICES-CF			1,985.83 000637	
- - - - - - - - 2/26/25 00027	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/10/25 16418	202502 320-53800-47300	*
2/17/25 16463	202502 320-53800-46300	*	- - - -	- - - - - -

600.00	- - - - - - - -	
	CHOCOLATE MULCH
PRINCE & SONS INC.			726.98 000638	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - -	- - - - - -	- - - - - - - -	
	TOTAL FOR BANK A		551,763.80		
	TOTAL FOR REGISTER		551,763.80		

BANK A SCENIC HIGHWAY CDD

ASSESS TRANSFER S2020

TRUSTEE FEES FY25 JAN-SEP

3,030.47

GENERAL MAINTENANCE DEC24

1,100.41

REPLACE BRKN SPRAYS, NOZZ

126.98

SCEN SCENIC HIGHWAY CWRIGHT

Section 2

Scenic Highway
Community Development District

Unaudited Financial Reporting
January 31, 2025

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	

Scenic Highway
Community Development District Combined Balance Sheet
January 31, 2025

General Fund

Debt Service Fund

Capital Projects Fund

Capital Reserve Fund

Totals Governmental Funds

Assets:
Cash:
Operating Account Capital Reserve Account
Investments:
Series 2020 Reserve Revenue
Construction - Phase 1 & 2 Construction - Phase 3
SBA Capital Reserves Account Due from Capital Reserves
Due from General Fund

$	563,905	$	-	$	-		$	-	$	563,905	
$	-	$	-	$	-		$	26,370	$	26,370	

$	-	
$	229,959	
$	-		
$	-	
$	229,959	
$	-	$	513,436	$	-		$	-	$	513,436	
$	-	$	-	$	4	$	-	$	4	
$	-	$	-	$	1	$	-	$	1	
$	-	$	-	$	-		$	201,970	$	201,970	
$	10,000	$	-	$	-		$	-	$	10,000	

$	-	$

7,749	$

-	$	-

$	7,749

Prepaid Expenses	$	3,633	$	-	$	-		$	-	$	3,633	
Total Assets	$	577,538	$	751,144	$	4	$	228,340	$	1,557,027	
Liabilities:							
Accounts Payable	$	21,577	$	-	$	-		$	-	$	21,577	
Due to Debt Service	$	7,749	$	-	$	-		$	-	$	7,749	
Due to General Fund	$	-	$	-	$	-	$	10,000	$	10,000	
Total Liabilites	$	29,326	$	-	$	-	$	10,000	$	39,326	
Fund Balance:				
Nonspendable:				
Prepaid Items	$	3,633	$	-	$	-	$	-	$	3,633	
Restricted for:							
Debt Service - Series 2020	$	-	$	751,144	$	-		$	-	$	751,144	
Capital Projects - Series 2020	$	-	$	-	$	4	$	-	$	4	

Assigned for:		
Capital Reserves	$	-	$	-	$	-	$	218,340	$	218,340	

Unassigned	$	544,579	$	-	$	-		$	-	$	544,579	
Total Fund Balances	$	548,213	$	751,144	$	4	$	218,340	$	1,517,702	
							
Total Liabilities & Fund Balance	$	577,538	$	751,144	$	4	$	228,340	$	1,557,027	

Revenues:		
Assessments - Tax Roll	$	635,542	$	623,016	$	623,016	$	-	
Total Revenues	$	635,542	$	623,016	$	624,789	$	1,773	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	4,000	$	1,600	$	2,400	
Engineering	$	13,000	$	4,333	$	-	$	4,333	
Attorney	$	25,000	$	8,333	$	8,504	$	(170)	
Annual Audit	$	3,500	$	-	$	-	$	-	
Assessment Administration	$	5,565	$	5,565	$	5,565	$	-	
Arbitrage	$	450	$	-	$	-	$	-	
Dissemination	$	5,250	$	1,750	$	1,750	$	-	
Trustee Fees	$	4,041	$	4,041	$	4,041	$	-	
Management Fees	$	45,000	$	15,000	$	15,000	$	-	
Information Technology	$	1,890	$	630	$	630	$	-	
Website Maintenance	$	1,260	$	420	$	420	$	-	
Postage & Delivery	$	1,000	$	333	$	447	$	(113)	
Insurance	$	6,817	$	6,817	$	6,631	$	186	
Printing and Binding	$	50	$	17	$	53	$	(36)	
Legal Advertising	$	5,000	$	1,887	$	1,887	$	-	
Other Current Charges	$	1,500	$	500	$	180	$	320	
Office Supplies	$	500	$	167	$	2	$	164	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative	$	131,998	$	53,968	$	46,883	$	7,084	

Operations & Maintenance		
Field Expenditures
Property Insurance	

$	18,775	

$	18,775	

$	15,400	

$	3,375	
Field Management	$	17,530	$	5,843	$	5,843	$	(0)	
Landscape Maintenance	$	49,536	$	16,512	$	11,347	$	5,165	
Landscape Replacement	$	13,000	$	4,333	$	8,663	$	(4,329)	
Right of Way Tree Inspections	$	10,625	$	3,542	$	1,771	$	1,771	
Right of Way Tree Replacement	$	150,000	$	50,000	$	25,305	$	24,695	
Streetlights	$	15,972	$	5,324	$	3,999	$	1,325	
Electric	$	4,646	$	1,549	$	1,508	$	41	
Sidewalk & Asphalt Maintenance	$	2,500	$	833	$	-	$	833	
Irrigation Repairs	$	6,000	$	2,000	$	218	$	1,782	
General Repairs & Maintenance	$	10,000	$	3,333	$	16,004	$	(12,671)	
Contingency	$	9,000	$	3,000	$	2,671	$	329	
Subtotal Field Expenditures	$	307,584	$	115,045	$	92,728	$	22,316	

Amenity Expenditures
Amenity - Electric	

$	8,131	

$	2,710	

$	1,371	

$	1,339	
Amenity - Water	$	4,646	$	1,549	$	985	$	564	
Playground Lease	$	31,488	$	10,496	$	10,492	$	4	
Internet	$	1,317	$	439	$	794	$	(355)	
Pest Control	$	648	$	216	$	160	$	56	
Janitorial Service	$	9,680	$	3,227	$	2,980	$	247	
Security Services	$	38,850	$	12,950	$	8,572	$	4,378	
Pool Maintenance	$	23,700	$	7,900	$	7,970	$	(70)	
Amenity Access Management	$	10,000	$	3,333	$	3,333	$	0	
Amenity Repairs & Maintenance	$	10,000	$	3,333	$	5,003	$	(1,670)	
Contingency	$	7,500	$	2,500	$	4,249	$	(1,749)	
Subtotal Amenity Expenditures	$	145,960	$	48,653	$	45,909	$	2,745	
					
Total Operations & Maintenance	$	453,544	$	163,698	$	138,637	$	25,061	
					
Total Expenditures	$	585,542	$	217,666	$	185,521	$	32,145	
					
Excess (Deficiency) of Revenues over Expenditures	$	50,000		$	439,268		

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	(50,000)	$	-	$	40,359	$	40,359	
Total Other Financing Sources/(Uses)	$	(50,000)	$	-	$	40,359	$	40,359	
					
Net Change in Fund Balance	$	-		$	479,627		
					
Fund Balance - Beginning	$	-		$	68,586		
					
Fund Balance - Ending	$	-		$	548,213		

Revenues:					
Assessments - Tax Roll	$	459,919	$	450,904	$	450,904	$	-	
Interest	$	-	$	-	$	5,433	$	5,433	
Total Revenues	$	459,919	$	450,904	$	456,337	$	5,433	

Expenditures:					
Interest - 11/1	$	145,156	$	145,156	$	145,156	$	-	
Principal - 5/1	$	170,000	$	-	$	-	$	-	
Interest - 5/1	$	145,156	$	-	$	-	$	-	
Total Expenditures	$	460,313	$	145,156	$	145,156	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(394)		$	311,181		
					
Fund Balance - Beginning	$	206,476		$	439,964		
					
Fund Balance - Ending	$	206,082		$	751,144		

Revenues

Interest	

$	

-	$	

-	$	-	

$	-	
Total Revenues	$	-	$	-	$	0	$	0	

Expenditures:

Miscellaneous	

$	

-	$	

-	$	40	

$	(40)	
Total Expenditures	$	-	$	-	$	40	$	(40)	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	(40)		

Other Financing Sources/(Uses)

Transfer In/(Out)	

$	

-	$	

-	$	(359)	

$	(359)	
Total Other Financing Sources (Uses)	$	-	$	-	$	(359)	$	(359)	
					
Net Change in Fund Balance	$	-	$	(399)		
					
Fund Balance - Beginning	$	-	$	403		
					
Fund Balance - Ending	$	-	$	4		

Revenues		
Interest	$	-	$	-	$	2,325	$	2,325	
Total Revenues	$	-	$	-	$	2,325	$	2,325	

Expenditures:					
Holiday Decorations	$	7,500	$	2,500	$	-	$	2,500	
Chair Lift Replacement	$	10,500	$	3,500	$	-	$	3,500	
Total Expenditures	$	-	$	-	$	-	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	2,325	$	2,325	

Other Financing Sources/(Uses)					
Transfer In/(Out)	$	50,000	$	-	$	(40,000)	$	(40,000)	
Total Other Financing Sources (Uses)	$	50,000	$	-	$	(40,000)	$	(40,000)	
					
Net Change in Fund Balance	$	50,000		$	(37,675)		
					
Fund Balance - Beginning	$	25,880		$	256,015		
					
Fund Balance - Ending	$	75,880		$	218,340		

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

Revenues:

Assessments - Tax Roll	$	-	$	21,914	$	591,800	$	9,303	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	623,016	
Total Revenues	$	-	$	21,914	$	591,800	$	11,075	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	624,789	

Expenditures:						
General & Administrative:						
Supervisor Fees	$	800	$	800	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,600	
Engineering	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Attorney	$	1,727	$	1,475	$	3,484	$	1,818	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	8,504	
Annual Audit	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Assessment Administration	$	5,565	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	5,565	
Arbitrage	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Dissemination	$	438	$	438	$	438	$	438	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,750	
Trustee Fees	$	1,010	$	-	$	-	$	3,030	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	4,041	
Management Fees	$	3,750	$	3,750	$	3,750	$	3,750	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	15,000	
Information Technology	$	158	$	158	$	158	$	158	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	630	
Website Maintenance	$	105	$	105	$	105	$	105	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	420	
Postage & Delivery	$	9	$	38	$	72	$	327	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	447	
Insurance	$	6,631	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	6,631	
Printing and Binding	$	-	$	-	$	53	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	53	
Legal Advertising	$	636	$	1,250	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,887	
Other Current Charges	$	41	$	41	$	56	$	42	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	180	
Office Supplies	$	0	$	1	$	0	$	1	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	2	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	175	
Total General & Administrative	$	21,045	$	8,055	$	8,115	$	9,669	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	46,883	

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
Right of Way Tree Inspections Right of Way Tree Replacement Streetlights
Electric
Sidewalk & Asphalt Maintenance Irrigation Repairs
General Repairs & Maintenance Contingency
Pool Permit

$	15,400  $
$	1,461  $
$	2,837  $
$	6,933  $
$	-  $
$	-  $
$	1,089  $
$	370  $
$	-  $
$	-  $
$	1,505  $
$	885  $
$	-  $

-  $
1,461  $
2,837  $
1,730  $
-  $
25,305  $
1,089  $
342  $
-  $
218  $
1,349  $
1,785  $
-  $

-  $
1,461  $
2,837  $
-  $
885  $
-  $
1,089  $
379  $
-  $
-  $
1,100  $
-  $
-  $

-  $
1,461  $
2,837  $
-  $
885  $
-  $
731  $
417  $
-  $
-  $
12,050  $
-  $
-  $

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

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

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

-  $	15,400
-  $	5,843
-  $	11,347
-  $	8,663
-  $	1,771
-  $	25,305
-  $	3,999
-  $	1,508
-  $	-
-  $	218
-  $	16,004
-  $	2,671
-  $	-

Subtotal Field Expenditures	$	30,480  $	36,116  $	7,752  $	18,381  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	92,728

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

$	349  $
$	347  $
$	2,623  $
$	113  $
$	40  $
$	745  $
$	2,110  $
$	2,330  $
$	833  $
$	2,565  $
$	-  $

367  $
317  $
2,623  $
113  $
40  $
745  $
2,591  $
1,880  $
833  $
2,438  $
-  $

285  $
320  $
2,623  $
113  $
40  $
745  $
2,050  $
1,880  $
833  $
-  $
-  $

371  $
-  $
2,623  $
453  $
40  $
745  $
1,822  $
1,880  $
833  $
-  $
4,249  $

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

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

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

-  $	1,371
-  $	985
-  $	10,492
-  $	794
-  $	160
-  $	2,980
-  $	8,572
-  $	7,970
-  $	3,333
-  $	5,003
-  $	4,249

Other Financing Sources/Uses:

Transfer In/(Out)

$

-  $

40,359  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

40,359

Net Change in Fund Balance	$	(63,581)  $	6,155  $	567,044  $	(29,991)  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	479,627

Total Other Financing Sources/Uses	$	-  $	40,359  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	40,359

Excess (Deficiency) of Revenues over Expenditures	$	(63,581)  $	(34,204)  $	567,044  $	(29,991)  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	439,268

Total Expenditures	$	63,581  $	56,118  $	24,756  $	41,066  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	185,521

Total Operations & Maintenance	$	42,536  $	48,063  $	16,641  $	31,397  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	138,637

Subtotal Amenity Expenditures	$	12,056  $	11,948  $	8,889  $	13,016  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	45,909

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	5/1/2051	
Reserve Fund Definition	50% Maximum Annual Debt Service	
Reserve Fund Requirement	$229,959	
Reserve Fund Balance	$229,959	
Bonds Outstanding - 12/21/20	$8,120,000	
Less: Principal Payment 5/1/22	($155,000)	
Less: Principal Payment 5/1/23	($160,000)	
Less: Principal Payment 5/1/24	($165,000)	
Current Bonds Outstanding	$7,640,000	

Scenic Highway
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2025

ON ROLL ASSESSMENTS

Gross Assessments	$  683,379.68	$	494,592.00	$  1,177,971.68	
Net Assessments	$  635,543.10	$	459,970.56	$  1,095,513.66	
							
58%	
42%		
100%	
Date	Distribution	Gross Amount	Discount/Penalty	Commission	Interest	Net Receipts	General Fund	2020 Debt Service	Total		

11/13/24	10/21/24	$	1,474.30	$	(77.41)	$	(27.94)	$	-	$	1,368.95	$	794.17	$		574.78	$	1,368.95	
11/15/24	10/01-10/31/24	$	6,402.02	$	(256.12)	$	(122.92)	$	-	$	6,022.98	$	3,494.13	$	2,		528.85	$	6,022.98	
11/19/24	11/01-11/07/24	$	35,211.11	$	(1,408.45)	$	(676.05)	$	-	$	33,126.61	$	19,217.82	$	13,		908.79	$	33,126.61	
11/21/24	1% Adj	$	(11,779.72)	$	-	$	-	$	-	$  (11,779.72)  $	(6,833.80)  $	(4		,945.92)	$	(11,779.72)	
11/26/24	11/18-11/15/24	$	9,603.03	$	(384.11)	$	(184.38)	$	-	$	9,034.54	$	5,241.23	$	3,		793.31	$	9,034.54	
12/6/24	11/26-11/26/24	$	200,665.83	$	(7,938.61)	$	(3,854.54)	$	-	$  188,872.68	$  109,571.18	$	79,		301.50	$	188,872.68	
12/20/24	11/27-11/30/24	$	857,870.68	$	(34,314.90)	$  (16,471.12)	$	-	$  807,084.66	$  468,216.06	$	338,		868.60	$	807,084.66	
12/27/24	12/1-12/15/24	$	25,608.08	$	(960.32)	$	(492.96)	$	-	$	24,154.80	$	14,012.99	$	10,		141.81	$	24,154.80	
1/10/25	12/16-12/31/24	$	16,868.41	$	(506.00)	$	(327.25)	$	-	$	16,035.16	$	9,302.52	$	6,		732.64	$	16,035.16	
Total	$	1,141,923.74	$	(45,845.92)  $  (22,157.16)  $	-	$ 1,073,920.66	$  623,016.30	$	450,904.36	$  1,073,920.66	

98.03%
$	21,593.00

Net Percent Collected
Balance Remaining to Collect