Candler Hills East Community Development District

Agenda February 18, 2020

AGENDA

Candler Hills East
Community Development District

219 East Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524- Fax: 407-839-1526

February 11, 2020

Board of Supervisors
Candler Hills East Community Development District

The Board of Supervisors of the  Candler  Hills East Community  Development  District  will meet on Tuesday, February 18, 2020, at 9:00 a.m., or as shortly thereafter as reasonably possible, at the Circle Square Commons, Cultural Center, 8395 SW 8Qth Street, Ocala, Florida 34481. Following is the advance agenda for the meeting:

I.	Roll Call
IL	Public Comment Period
Notice for Meeting
Approval of Minutes of the November 19, 2019 Meeting
Ratification of Temporary Access Easement Agreement
Staff Reports
Attorney
District Manager
Approval of Check Register
Balance Sheet and Income Statement
Presentation of Arbitrage Rebate Calculation Report
Other Business
Supervisors Requests
Adjournment

The second order of business is the Public Comment Period where the public has an opportunity to be heard on propositions coming before the Board as reflected on the agenda, and any other items.

Enclosed under the third order of business is the affidavit of publication associated with the public notice for this meeting.

The fourth order of business is the approval of the minutes from the November 19, 2019 Board of Supervisors meeting. The minutes are enclosed for your review.

The fifth order of business is ratification of temporary access easement agreement. A copy of the agreement is enclosed for your review.

The sixth order of business is Staff Reports. Section 1 of the District Managers Report includes the check register for approval and Section 2 includes the balance sheet and income statement for your review. Section 3 is presentation of arbitrage rebate calculation report. A copy of the report is enclosed for your review.

The balance of the agenda will be discussed at the meeting. In the meantime, if you have any questions, please contact me.

Sincerely,

0-
George S. Flint
District Manager

Cc:	Gerald Colen, District Counsel Ken Colen, On Top of the World
Guy Woolbright, On Top of the World Lynette Vermillion, On Top of the World Darrin Mossing, GMS

S ECTION Il l

AFFIDAVIT OF PUBLICATION

Star-Banner
Published - Daily Ocala, Marion County, Florida

STATE OF :FLORIDA COUNTY OF MARION
Before th -1.\bd;r	'	a Notary Public of Said County and State,

.	.. .

_ / _

_   -	·

_ _ who on oath says that they are .an aufum:,ized

employee of tX;, - anner, a daily .newspaper published at Ocala, in Marion County, Florida; that the attached copy of advertisement, being a notice in the matter of
NOTICE OF MEETING DATES CANDLER HILLS EAST COMMUNITY
DEVELOPMENT DISTRICT The .Board of Supervisors of the Candler Hills East Com,nunity Developme11.t Diftrict will hold their regularly scheduled public meetings for the Fiscal Year 2020 at 9:00 AM, or as sh

was published in said newspaper in the issues of:

9/22 lx

Affiant further says that the said STAR-BANNER is a daily newspaper published at Ocala, in said Marion County, f'lorida, and that the said newspaper has heretofore been continuously published in  said  Marion  County,  Florida, daily, and has been entered as second class mail matter at the  post office in Ocala in said Marion County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that he has neither paid nor promised any person, firm or corporation any  d1scount, rebate, commission or refund for the person of securing this advertisement for publication in the said newspaper.

Sworn to and subscribed before me this. day o-f

- D., 20Jf
. '

my
IABMO{1Y	_   ··-· .. .
(Print, Type or Stamp Name of Notary Public)

Ad #: A000958792

S ECTION IV

MINUTES OF MEETING CANDLER HILLS EAST
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Candler Hills East Community Development District was held on Tuesday, November 19, at 9:10 a.m. at Circle Square Commons, Cultural Center, 8395 SW 80th Street, Ocala, Florida.

Present and constituting a quorum were:

Philip J. Moherek Elmer Greene Robert Scherff John Bain
Larry Garvin

Also present were:

George Flint Rachel Wagoner Gerald Colen Lynette Vermillion Robert Stepp
Patty Soriano Travis Smith

Chairman Vice Chairman
Assistant Secretary Assistant Secretary Assistant Secretary

District Manager District Counsel District Counsel
On Top Of The World Communities On Top Of The World Communities On Top Of The World Communities On Top Of The World Communities

FIRST ORDER OF BUSINESS	Roll Call
Mr. Flint called the meeting to order and called the roll. A quorum was present.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Flint: Any members of the public want to provide comment? Yes, sir, if you would step forward to the mic and state your name and address and try to limit your comments to 3min.
Richard Rose, 8882 SW 84 Circle: I have a simple request to have a contractor bring a stump grinder through the commons and basin to the back yard. There' s no access through the side yards. We had a lightning strike last summer and the tree has been taken down, but the stump needs to be ground so I can replant. It is a simple request. I have pictures and a suggested route. I believe Travis also came, did you come prepared with a route also?

November 19, 2019	Candler Hills East CDD

Mr. Smith: With a route?
Mr. Rose: Yes, to get through that basin? Mr. Smith: Yes.
Mr. Rose: You did? Well, hopefully we are on the same page on the route.
Mr. Flint: I got an email on this I think it was the day before yesterday from Philip. The only question I asked him was the stump grinder going to be towed in by a vehicle versus self­ propelled?
Mr. Rose: It will be towed.
Mr. Flint: Okay, the only thing we normally do on this situation is there's a simple agreement that we would sign with you that would require if there is any damage that it be restored.
Mr. Rose: Sure.
Mr. Flint: Typically, we have that agreement that indicates if there's any damage by the contractor coming in or out that they would have to whether it's restoring  the sod or whatever that the homeowner would be responsible for those expenses.
Mr. Garvin: Do we need a motion on it?
Mr. Flint: I think we can handle it administratively unless there's any objection from the
Board.
Mr. Rose: So, what is the process? I would sign the agreement and who should I be
dealing with?
Mr. Flint: It would be me. Philip Hisey reached out to me. I had asked the question on the stump grinder. Some of those are self-propelled and they are lighter, and they don't do as much damage as a pick-up truck or something towing it in. I'd ask him that question to understand how much wear and tear there would be. If he is comfortable with a pick-up truck towing a stump grinder back there and we have the agreement in place, then it shouldn't be a problem.
Mr. Rose: So, the next step is?
Mr. Flint: I'll need to find the agreement we used the last time we did something like this, and we'll send it to you. If you want to provide me your contact information I can get it after the meeting. I can email it to you, and we can handle it that way.
Mr. Rose: Thank you very much.
Mr. Flint: Alright, any other public comments? Hearing none,

2

November 19, 2019	Candler Hills East COD

THIRD ORDER OF BUSINESS	Notice for Meeting
Mr. Flint: The notice of the meeting is in your agenda package. It was advertised in the Ocala Star Banner on September 22nd•

FOURTH ORDER OF BUSINESS	Approval of Minutes of the August 20,
2019 Board of Supervisors Meeting and Acceptance of Minutes of the August 20, 2019 Audit Committee Meeting
Mr. Flint: Were there any questions or comments on those? If not, is there a motion to approve those minutes? Hearing none,

On MOTION by Mr. Moherek, seconded by Mr. Scherff, with all in favor, the minutes of the August 20, 2019 Board of Supervisors meeting and acceptance of minutes of the August 20, 2019 Audit Committee meeting, were approved.

FIFTH ORDER OF BUSINESS	Ratification of Agreement with Berger,
Toombs, Elam, Gaines & Frank to Provide Auditing Services for Fiscal Year 2019
Mr. Flint: The Board went through the RFQ process for an independent auditing services and you selected Berger Toombs as the independent auditor for the District. In order to get the audit moving, I executed the agreement. I'm asking the Board to ratify that action.

On MOTION by Mr. Bain, seconded by Mr. Greene, with all in favor, the Agreement with Berger, Toombs, Elam, Gaines & Frank to Provide Auditing Services for Fiscal Year 2019, was ratified.

SIXTH ORDER OF BUSINESS	Review and Acceptance of Fiscal Year
2019 Draft Audit Report
Mr. Flint: They did very well in getting the audit out. You see that we have a draft  in your agenda package for the Fiscal Year 2019 Audit. If you refer to the management letter on page 33, you'll see that there are no adverse findings or recommendations and it is a clean audit. There are no current or prior year finance recommendations. Are there any questions on the audit? If not, is there a motion to approve it?

3

November 19, 2019	Candler Hills East COD

On MOTION by Mr. Greene, seconded by Mr. Moherek, with all in favor, the Fiscal Year 2019 Draft Audit Report, was approved.

Mr. Scherff: I think we should go on record saying thank you to George and his group for taking good care of us and making sure that everything is according to the law.
Mr. Flint: Thank you, Mr. Scherff.

SEVENTH ORDER OF BUSINESS
Attorney
Ms. Wagoner: I have nothing to report.

Staff Reports

District Manager's Report
Approval of Check Register
Mr. Flint: You have the check run summary from August 13th through November 1 ith totaling $25,532.77. The detailed register is behind the summary. Does the Board have any questions on the check register?
Mr. Scherff: I have 2 questions. The $5,000 for GMS Assessment Roll Certificate, what
is that?
Mr. Flint: That's a one-time per year fee. We maintain and certify the assessment roll for
the District. We certify it to the county for collection on the tax bill. That's a one-time fee that is billed at the beginning of the fiscal year when the roll is certified.
Mr. Scherff: And the other one for Egis Insurance Advisors.
Mr. Flint: That's the annual insurance policy. It's also a one-time charge. It's usually paid in September and then reflected in your October financials.
Mr. Scherff: That's all been budgeted, I assume?
Mr. Flint: Yes, it has been budgeted. It's within budget and primarily it's a liability insurance policy as well as a public officials liability policy that protects the Board members.
Mr. Scherff: Good.
Mr. Flint: Any other questions on the financials?

4

November 19, 2019	Candler Hills East CDD

Balance Sheet and Income Statement
Mr. Flint: The balance sheet and income statement are in your agenda.

EIGHTH ORDER OF BUSINESS	Other Business
Mr. Flint: Is there any other business the Board would like to discuss that was not on the agenda?
Mr. Scherff: Yes, I have two things. Number one, do we have any residents who are not paying their taxes? Therefore, we're not getting our money as the non-ad valorem part of the taxes.
Mr. Flint: We may have residents who are not paying their taxes, but what happens is a tax certificate sale occurs and the certificate is purchased, and we receive the assessment revenue at that point. We're 100% collected on assessments. We always have been. We don't personally track, that's the tax collector's responsibility. When we choose to use the tax bill as a collection method, we basically tum it over to the county tax collector and they  are the ones that monitor the collections. What we monitor is percent collected because we don't have the  ability  to directly enforce tax payments. It's the tax collector's responsibility. The way it's set  up  in Florida, if someone doesn't pay their taxes by the end of March, starting in the May/June timeframe there's what's called a tax certificate sale.
Mr. Scherff: I've seen that.
Mr. Flint: People can go out and basically pay the taxes on behalf of the person that did not pay and then in competitive environments they bid with other people to purchase that tax certificate. Basically, you are bidding an interest rate. What interest rate you would be repaid once the taxes were eventually paid. Typically by the end of June we're 100% collected regardless whether people have paid their taxes.
Mr. Scherff: The other question is I got an email from the Districts, which is a publication creating better communities, and in there it says, "Powerful software weapons are becoming available to attackers. The tools are easy to get on the dark web. You can basically buy an attack with bitcoins. Districts could start process with free vulnerability scans from CISA. We provide a report on what we find, and we can scan your systems on a scheduled basis to spot trends and check for vulnerabilities from emerging threats." How good is our security? The reason that I am concerned is that our social security numbers are obviously within your system.

5

November 19, 2019	Candler Hills East CDD

Mr. Flint: The District's website itself is limited. Everything on that website it public records, so there's really not an issue with people wanting to steal data or anything like that.  From that perspective, really it doesn't make a lot of sense to spend a lot of money  on security for the District's website. The only thing that's on that is the public records that we are required  to put on there by the state. As far as your personal payroll or your social security information, the bank information, that is on GMS's server and we do have significant protections on that. We also have redundancy and back ups and all that set up. From that perspective, you are protected on our system. The District itself does not really have any vulnerability because there's really no data.
Mr. Scherff: The only thing would be our social security numbers; that would be the one thing I'm most concerned about.
Mr. Flint: The only time that comes into play is with our processing of the Board pay monthly and that's protected on our system. Anytime that information is ever published in a record, it's only going to be the last 4 digits of that that are actually in the data. Otherwise, it's protected as well as bank account numbers and that sort of thing.
Mr. Scherff: You send us a check, so our bank account numbers aren't in the District.
Mr. Flint: No, but the District has a bank account. So, that information is protected as
well.
Mr. Scherff: Okay, thank you.

NINTH ORDER OF BUSINESS	Supervisor's Requests
Mr. Flint: Anything else from the Board? Hearing none,

TENTH ORDER OF BUSINESS
The meeting was adjourned.

Adjournment

On MOTION by Mr. Moherek, seconded by Mr. Scherff, with all in favor, the meeting adjourned at 9:22.

Secretary/Assistant Secretary	ChairmanNice Chairman

6

S ECTION V

TEMPORARY ACCESS EASEMENT AGREEMENT
BY AND BETWEEN THE CANDLER HILLS EAST COMMUNITY DEVELOPMENT DISTRICT AND RICHARD J. ROSE
This Temporary Access Easement Agreement ("Easement Agreement") is made and entered into this li	t;tay of November, 2019, by and between:

Candler Hills East Community Development District, a local unit of special­ purpose government established pursuant to Chapter 190, Florida Statutes, being situated in City of Orlando, Florida, and whose mailing address is 219 East Livingston Street, Orlando, Florida 32801 (the "District"); and

Richard J. Rose, whose mailing address 8882 SW 84th Circle,  Ocala,  Florida 34481 ("Homeowner").

WITNESSETH

WHEREAS, the District was established pursuant to  the  Uniform  Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the "Act"), by an ordinance of Marion County, Florida, County Commission, (the "Ordinance") and is validly existing under the Constitution and laws of the State of Florida; and

WHEREAS, the District is the owner of certain lands in Marion County, Florida, more particularly described as Parcel ID 3531+014-007 (the "District Property"); and

WHEREAS, Homeowner is the owner of the property with the District  having the address  of 8882 SW 84th Circle, Ocala, Florida 34481 (the "Homeowner's Property"); and

WHEREAS, Homeowner has requested that the District grant to it a temporary, non­ exclusive easement over a portion of the District Property for the purpose of gaining access to Homeowner's Property for the removal of a tree stump, and the District is agreeable to granting such an easement on the terms and conditions set forth herein; and

WHEREAS, the portion of District Property over which the temporary  easement  is requested consists of a District Property referred to in Exhibit A (the "Easement Property"), attached hereto and made a part hereof.

Now, THEREFORE, in consideration of the sum of Ten and 00/100 Dollars ($10.00) and other good and valuable consideration and the mutual covenants of the parties, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:

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

GRANT OF EASEMENT. The District hereby grants to Homeowner a temporary, non-exclusive easement over, upon, under, through, and across the Easement Property for the

purpose of Homeowner gaining access to his lot for the purpose of removing a tree stump in the rear yard at Homeowner's Property (the "Easement"). The Homeowner agrees and acknowledges that, while the District believes it is the owner of the Easement Property depicted on Exhibit  A, the District has not verified such ownership and makes no representations or warranties regarding such ownership. It shall be the Homeowner's responsibility to confirm property-ownership to ensure that Homeowner is not using property over which it has not been granted legal access. Additionally, Homeowner agrees and acknowledges that the District makes no representations or warranties that the Easement Property is wide enough or suitable for the Homeowner's needs. To the extent there is any discrepancy in ownership or if the Easement Property  is not wide enough or otherwise suitable for the Homeowner's needs, the Homeowner and its contractors assume any and all risk and liability associated with trespassing or any other unauthorized use of non-District­ owned property. Homeowner shall be responsible for securing all required permits from Marion County or any other governmental entity or agency having jurisdiction thereof in connection with the removal of the tree stump in the rear yard of Homeowner's Property. Nothing herein shall be interpreted or construed to grant any easement or other rights, temporary or otherwise, over any property other than the Easement Property

TERM. Homeowner shall be permitted to use the Easement until the earlier of the completion of removal of the tree stump in the rear yard at Homeowner' s Property or sixty (60) days from the date of this Easement, at which time the Easement shall terminate.

INDEMNIFICATION.

Homeowner agrees to indemnify and hold the District harmless from and against any and all damages, losses or claims, including but not limited to legal fees and expenses, to the extent that such damages, losses or claims are attributable to actions, omissions or negligence in the use of the Easement Property by Homeowner, his agents, employees or independent contractors.

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

DAMAGE. In the event that Homeowner, his respective employees, agents, assignees, or contractors (or their subcontractors, employees or materialmen)  cause damage  to the Easement Property or any of the improvements located within the Easement Property or  causes damage to the District's other property or any improvements located thereon, in the exercise of the easement rights granted herein, Homeowner, at Homeowner's sole cost and expense, agrees to commence and diligently pursue the restoration of the same and the improvements so damaged to as nearly as practical to the original condition and grade, including, without limitation, repair and replacement of any landscaping, hardscaping, plantings, ground cover, irrigation systems, roadways, driveways, sidewalks, parking areas, fences, walks, utility lines, stormwater facilities, pumping facilities, pumps and other structures, within thirty (30) days after receiving written notice of the occurrence of any such damage, and Homeowner shall allow no lien to attach to the Easement Property or any improvements located on said property or District's other property arising out of work performed by, for, or on behalf of Homeowner.

2

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

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

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

To Homeowner:

To the District:

With a copy to:

Richard J. Rose 8882 SW 84th Circle Ocala, FL 34481

Candler Hills East Community Development District 219 East Livingston Street
Orlando, Florida 32801 Attn: District Manager

District Counsel Gerald R. Colen
7243 Bryan Dairy Road Largo, Florida 33777

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

THIRD PARTIES. This Easement Agreement is solely for the benefit of the formal parties hereto, and no right or cause of action shall accrue upon or by reason, to or for the benefit of any third party not a formal party to this Easement Agreement. Nothing in this Easement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the parties hereto any right, remedy, or claim under or by reason of this Easement

3

Agreement or any of the provisions or conditions hereof. The District shall be solely responsible for enforcing its rights under this Easement Agreement against any interfering third  party. Nothing contained in this Easement Agreement shall limit or impair the District's right to protect their rights from interference by a third party.

ASSIGNMENT. No party may assign, transfer or license all or any portion of its rights under this Easement Agreement without the prior written consent of the other parties.

CONTROLLING LAW. This Easement Agreement shall  be construed,  interpreted and controlled according to the laws of the State of Florida.

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

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

BINDING EFFECT. This Easement Agreement and all of the prov1s1ons, representations, covenants, and conditions contained herein shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns.

AUTHORIZATION. By execution below, the undersigned represent that they have been duly authorized by the appropriate body or official of their respective entity to execute this Easement Agreement, and that each party has complied with all the requirements of law and has full power and authority to comply with the terms and provisions of this instrument.

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

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

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

4

WITNESS:

f( V	

CANDLER BILLS EAST COMMUNITY DEVELOPMENT DISTRICT

Print name: l .o.vrw R \)0,,noen.re.e.r 

Print name:

Date: 	

G-c_ .:o  ".:\  c.     5  P { 	1 L
District Manager
l_t_\_"2.._-,"5_\_u_ ",__ 

HOMEOWNER- RICHARD J. ROSE

Printname:

-hW	

5

Exhibit A
The Easement Property

6

S ECTION VI

SECTION 8

S ECTION 1

Candler Hills East
Community Development District

Summary of Invoices

November 11, 2019 to February 10, 2020

Fund	Date	CheckNo.'s	Amount	

General Fund	
12/3 / 19	
978	
$	51,744.32	
	12/4/19	979	$	3,325.00	
	12/6/19	980	$	996.75	
	12/9/19	981	$	98.08	
	12 /10/19	982	$	49,674.61	
	12/ 11 / 19	983	$	190.90	
	12/20/19	984	$	39.63	
	1/10/20	985	$	1,006.55	
	1/14/20	986-987	$	2,620.32	
	2/7/20	988	$	1,017.91	
			$	110,714.07	
Payroll	November 2019 Elmer Greene	
50213	
$	184.70	
	John Bain	50214	$	184.70	
	Larry Garvin	50215	$	200.00	
	Philip Moherek	50216	$	200.00	
	Rob ert Scherff	50217	$	184.70	
			$	954.10	
			$	111,66s.11 1	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 2/10/20
***  CHECK DATES 11/12/2019 - 02/10/2020 ***	CANDLER HILLS-GENERAL FUND
.	BANK A CANDLER HILLS CDD

PAGE	1

CHECK	VEND# ....•INVOICE........EXPENSED TO...	VENDOR NAME DATE		DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
12/03/19 00033	12/03/19 12032019 201912 300-20700-10200
FY20 DEBT SERVICE SER2016

STATUS	AMOUNT	.•..CHECK..•..
AMOUNT	#
*	51,744.32

CANDLER HILLS EAST CDD C/0 USBANK
12/04/19 00046	11/26/19 347310	201911 310-51300-32200
FY19 AUDIT

-  -  - - -  - - - - -
*	3,325.00

5-1,-74-4.-32-

000978

BERGER TOOMBS ELAM & FRANK
12/06/19 00019	12/01/19 198	201912 310-51300-34000
MANAGEMENT FEES-DEC19
12/01/19 198	201912 310-51300-35100
INFORMATION TECH-DEC19 12/01/19 198	201912 310-51300-31300
DISSEMINATION FEE-DEC19

- - -  - - -  - - - -  -3-,32-5.-00- 000979
*	621.75
*	83.33
*	291.67

GOVERNMENTAL MANAGEMENT SERVICES
12/09/19 00019	12/09/19 199	201912 310-51300-51000	*

-  -  - - -  -  - -  -  -  -  -99-6.-75-
27.53

000980

OFFICE SUPPLIES DEC19
12/09/19 199	201912 310-51300-42000
POSTAGE DEC19

*	.so

12/09/19 199	201912 310-51300-42500	*
COPIES DEC19

70.05

GOVERNMENTAL MANAGEMENT SERVICES
12/10/19 00033	12/09/19 12092019 201912 300-20700-10200
FY20 DEBT SERVICE SER2016

-  - - - -  - - - -  -
*	49,674.61

98.08 000981

CANDLER HILLS EAST CDD C/0 USBANK
12/11/19 00004	12/19/19 6-842-47 201911 310-51300-42000
DELIVERY 11/12/19

-  -  -  - -  - - -  -  - 4-9,-67-4.-61- 000982
*	190.90

FEDEX
12/20/19 00004	12/17/19 6-869-52 201912 310-51300-42000
DELIVERY 12/06/19

-  -  -  -  -  -  - -  -  -  - -1-90.-90-
*	39.63

000983

FEDEX
1/10/20 00019	1/01/20 200	202001 310-51300-34000
MANAGEMENT FEES-JAN20
1/01/20 200	202001 310-51300-35100
INFORMATION TECH-JAN20
1/01/20 200	202001 310-51300-31300
DISSEMINATION FEE-JAN20 1/01/20 200	202001 310-51300-51000
OFFICE SUPPLIES
1/01/20 200	202001 310-51300-42000
POSTAGE

- - - - - - - - - -
*	621.75
*	83.33
*	291.67
*	.18
*	9.02

39.63 000984

CAND CANDLER HILLS TVISCARRA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/10/20
***  CHECK DATES 11/12/2019 - 02/10/2020 ***	CANDLER HILLS-GENERAL FUND
BANK A CANDLER HILLS COD

PAGE	2

CHECK  VEND# .....INVOICE.••.....EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
1/01/20 200	202001 310-51300-42500
COPIES

STATUS	AMOUNT	..•.CHECK.....
AMOUNT	#
*	.60

1/14/20 00026

GOVERNMENTAL MANAGEMENT SERVICES
1/07/20 19009	201911 310-51300-31400
ARBITRGE SER2019 10/31/19

*	600.00

1,006.55 000985

GRAU & ASSOCIATES
1/14/20 00022	12/24/19 5594414	201912 310-51300-32300
TRUSTEE FEES-SER2016 FY20

*	2,020.32

600.00 000986

2/07/20 00019

USBANK
2/01/20 201	202002 310-51300-34000
MANAGEMENT FEES-FEB20
2/01/20 201	202002 310-51300-35100
INFORMATION TECH-FEB20
2/01/20 201	202002 310-51300-31300
DISSEMINATION FEE-FEB20 2/01/20 201	202002 310-51300-51000
OFFICE SUPPLIES
2/01/20 201	202002 310-51300-42000
POSTAGE
2/01/20 201	202002 310-51300-42500
COPIES

*	621.75
*	83.33
*	291.67
*	.51
*	16.45
*	4.20

2,020.32 000987

GOVERNMENTAL MANAGEMENT SERVICES	1,017.91 000988

TOTAL FOR BANK A TOTAL FOR REGISTER

110,714.07
110,714.07

CANO CANDLER HILLS TVISCARRA

S ECTION 2

•

•	•

•

•

•

•

•

•	•

•	•

•••••••••

Candler Hills East
Community Development District

Unaudited Financial Reporting January 31, 2020

Gh4S

Governmental M.ii,agemeot S.r¥1t:1a5,

•	•	•	•

Table of Contents

 	Balance Sheet

 	General Fund

 	Debt Service Fund

 	CapitaI Reserve Fund

 	Month to Month 

 	Long-Term Debt

 	Assessment Receipt Schedule 

Candler Hills East
Communitl£ DeveloQment District Combined Balance Sheet
For the  Period Ended January 31, 2020

	Governmental Fund T:!fQes		Totals	
	General	Debt
Fund	Service	Capital
Reserves	(Memorandum Only)
2020	
ASSETS:				
CASH	$167,524		$167,524	
DUE FROM GENERAL FUND	$99,547		$99,547	
SERIES 2016				
RESERVE	$117,000		$117,000	
REVENUE	$253,820		$253,820	
PREPAYMENTS	$6,342		$6,342	
INVESTMENTS - OPERATIONS				
SBA ACCOUNT			$168,782	$168,782	
TOTAL ASSETS	$167,524	$476,708	$168,782	$813,013	

LIABILITIES:
ACCOUNTS PAYABLE				

$0	
DUE TO DEBT SERVICE	$99,547			$99,547	
FUND BALANCES:					
RESTRICTED FOR DEBT SERVICE		$476,708		$476,708	
ASSIGNED			$168,782	$168,782	
UNASSIGNED	$67,977			$67,977	
TOTAL LIABILITIES & FUND EQUITY	$167,524	$476,708	$168,782	$813,013	

Candler Hills East
COMMUNITY DEVELOPMENT DISTRICT
General Fund
Statement of Revenues & Expenditures
For the  Period Ended January 31, 2020

	ADOPTED
BUDGET	PRORATED
THRU 1/31/20	ACTUAL
THRU 1/31/20	

VARIANCE		
REVENUES:						

MAINTENANCE ASSESSMENTS	
$55,051	
$50,553	
$50,553		
$0	
INTEREST	$25	$8	$11		$2	
TOTAL REVENUES	I 	$ 55,076	$50,562	$50,564		s2 I

EXPENDITURES:

ADMINISTRATIVE:		
SUPERVISOR FEES	$4,000	$1,000	$1,000	$0	
FICA EXPENSE	$306	$77	$46	$31	
ENGINEERING	$2,200	$733	$0	$733	
TRUSTEE FEES	$2,050	$2,050	$2,020	$30	
DISSEMINATION	$3,500	$1,167	$1,267	($100)	
ARBITRAGE	$600	$600	$600	$0	
ASSESSMENT ROLL	$5,000	$5,000	$5,000	$0	
ATTORNEY	$6,000	$0	$0	$0	
ANNUAL AUDIT	$3,510	$3,510	$3,325	$185	
MANAGEMENT FEES	$7,461	$2,487	$2,487	$0	
INFORMATION TECHNOLOGY	$1,000	$333	$333	$0	
TELEPHONE	$50	$17	$0	$17	
POSTAGE	$1,000	$333	$247	$86	
PRINTING & BINDING	$600	$200	$75	$125	
INSURANCE	$6,646	$6,646	$6,193	$4S3	
LEGAL ADVERTISING	$700	$233	$0	$233	
OTHER CURRENT CHARGES	$475	$158	$107	$51	
OFFICE SUPPLIES	$150	$50	$28	$22	
DUES, LICENSES & SUBSCRIPTIONS	$175	$175	$175	$0	
TOTAL ADMINISTRATIVE	I 	$45,423	$24,770	$22,903		$1,867 1
MAINTENANCE:

CONTINGENCIES	$9,653	$3,218	$0	$3,218
TOTAL MAINTENANCE	 	$9,653	$3,218	$0		$3,218 I
TOTAL EXPENDITURES	I	$55,076	$27,987	$22,903		$5,084 I
EXCESS REVENUES (EXPENDITURES)	I	$0	$27,661

FUND BALANCE - BEGINNING			$0	$40,316	

FUND BALANCE - ENDING			$0	$67,977	

I

2

Candler Hills East
Community Development District
Debt Service Fund Series 2016
For the Period Ended January 31, 2020

	ADOPTED
BUDGET	PRORATED
THRU 1/31/20	ACTUAL
THRU 1/31/20	

VARIANCE	

REVENUES:					

ASSESSMENTS -TAX ROLL	
$226,834	
$205,675	
$205,675	
$0	
ASSESSMENTS - PREPAYMENTS	$0	$0	$6,336	$6,336	
INTEREST	$500	$167	$169	$2	

TOTAL REVENUES	I 	$227,334	$205,842	$212,180		$6,338 1

EXPENDITURES:		
SERIES 2016
SPECIAL CALL - 11/1	

$20,000	

$20,000	

$25,000	

($5,000)	
INTEREST - 11/1	$51,750	$51,750	$51,750	$0	
PRINCIPAL - 5/1	$125,000	$0	$0	$0	
INTEREST - 5/1	$51, 750	$0	$0	$0	
TOTAL EXPENDITURES	I 	$248,500	$71,750		$76,750		($5,000)1 EXCESS REVENUES (EXPENDITURES)	I	($21,166)		$135,430
FUND BALANCE - BEGINNING	I	$223,143	$341,278
FUND BALANCE - ENDING	I	$201 ,977	$476,708

3

Candler Hills East
Comm  unly Develo  pm  enfli;lr ict
Capital Reserves Fund
For the  Period Ended January 31, 2020

	ADOPTED
BUDGET	PRORATED
THRU 1/31/20	ACTUAL
THRU 1/31/20	

VARIANCE	

REVENUES:

INTEREST	

$3,000	

$1,000	

$1,071	

$71	

TOTAL REVENUES	I 	$ 3,000	$1,000	$1,071		s11 I
EXPENDITURES:

$0	$0	$0	

0	$0		
$0		so I	

CAPITAL OUTLAY	$0

TOTAL EXPENDITURES	I 	$
EXCESS REVENUES (EXPENDITURES)	I	$3,000	$1,071
FUND BALANCE - BEGINNING	I	$167,759	$167,711
FUND BALANCE - ENDING	I	$170,759	$168,782

4

Candler Hills East
COMMUNITY DEVELOPMENT DISTRICT

GENERAL FUND
Month to Month Detail

REVENUES:

Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Total

MAINTENANCE ASSESSMENTS	$1,045	$14,477	$16,057	$18,974	$0	$0	$0	$0	$0	$0	$0	$0	$50,553
INTEREST	$1	$2	$3	$5	$0	$0	$0	$0	$0	$0	$0	$0	$11

TOTAL REVENUES	$1,046	$14,479	$16,060	$18,979	$0	$0	so	$0	$0	$0	$0	$0	sso,564,

EXPENDITURES:

ADMINISTRATIVE:

SUPERVISOR FEE	$0	$1,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1,000
FICA	$0	$46	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$46
ENGINEERING	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	so	$0
TRUSTEE FEES	$0	$0	$2,020	$0	$0	$0	$0	$0	$0	$0	$0	$0	$2,020
DISSEMINATION	$392	$292	$292	$292	$0	$0	$0	$0	so	$0	$0	$0	$1,267
ARBITRAGE	$0	$600	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$600
ASSESSMENT ROLL	$5,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$5,000
ATTORNEY		$0			$0		$0		$0	$0	$0	$0	$0	$0	$0	$0	$0		$0 ANNUAL AUDIT		$0	$3,325		$0		$0	$0	$0	$0	$0	$0	so	$0	$0	$3,325 MANAGEMENT FEES	$622		$622	$622	$622	$0	$0               $0                $0                $0                $0                $0                $0                $2,487    INFORMATION TECHNOLOGY                                                           $83                  $83                   $83                  $83                    $0                   $0                    $0                    $0                    $0                    $0                    $0                    $0                $333
TELEPHONE	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
POSTAGE		$3	$195	$40	$9	$0	$0	$0	$0	$0	$0	$0	$0	$247 PRINTING & BINDING		$3		$1	$70	$1	$0	$0	$0	$0	$0	$0	$0	$0		$75 INSURANCE	$6,193		$0		$0	$0	$0	$0                  $0                  $0                  $0                  $0                  $0                  $0                   S6,l93 LEGAL ADVERTISING                                                                 $0                   $0                     $0                   $0                   $0                   $0                   $0                   $0                   $0                   $0                   $0                   $0                         $0     OTHER CURRENT CHARGES                                                              $27                 $26                   $26                 $28                   $0                    $0                    $0                    $0                    $0                    $0                    $0                    $0                $107
OFFICE SUPPLIES	$0	$0	$28	so	$0	$0	$0	$0	so	$0	$0	$0	$28
DUES, LICENSES & SUBSCRIPTIONS	$175	$0	$0	so	$0	$0	$0	$0	so	$0	$0	$0	$175

TOTAL ADMIN/STRA TTVE	$12.498	$6,190	$3,181	$1,034	$0	$0	$0	$0	$0	$0	$0	$0	$22,9031

MAINTENANCE:
CONTINGENCIES	$0	$0	$0	$0	$0	$0	$0	$0	$0	so	$0	$0	$0	
TOTAL MAINTENANCE	so	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	soI	
TOTAL EXPENDITURES	$12,498	$6,190	$3,181	$1,034	$0	$0	$0	$0	$0	$0	$0	$0	$22,9031	
														
EXCESS REVENUES (EXPENDITURES!	($11,4511	$8,289	$12,878	$17,945	$0	$0	$0	$0	$0	$0	$0	$0	$27,6611	

5

candler  Hills East
Com nunit y D evelopment District
LONG TERM DEBT REPORT

SERIES 2016, SPECIAL A$ E!BVI EN TBON D S		
INTEREST RA TE:	2.531%, 3. 750%, 4.000%		
MATURITY DATE:	5/1/2037		
RESERVE FUND DEFINITION	50% of Maximum Annual Debt Service		
RESERVE FUND REQUIREMENT	$117,000		
RESERVE FUND BALANCE	$117,000		

BONDS OUTSTANDING-11/17/2016	$3,380,000	
LESS:PRINCIPAL PAYMENT 5/1/17	($55,000)	
LESS:SPECIAL CALL 5/1/17	($55,000)	
LESS: SPECIAL CALL 11/1/17	($55,000)	
LESS:PRINCIPAL PAYMENT 5/1/18	($125,000,	
LESS:SPECIAL CALL 5/1/18	($10,000)	
LESS:SPECIAL CALL 11/1/18	($25, 000)	
LESS: PRINCIPAL PAYMENT 5/1/19	($105,000)	
LESS:SPECIAL CALL 5/1/19	($15,000)	
LESS:SPECIAL CALL 11/1/19	($25,000)	
CURRENT BON DSOUlSr AN CJNG	$2,910,000	

6

CANDLER HILLS EAST
COMMUNITY DEVELOPMENT DISTRICT

SPECIAL ASSESSMENTS FY2020 RECEIPTS

MAINTENANCE

Gross Assessments $  

5_.8:..,5_6_7_.,_28

Certified Net Assessments [.'---$' 	'- 5-5'-''co:.s._ 3_.2_4_,i

-11:)2si19
12/9/19
-·-°i"z/13/19
1/3/20

ACH ACH ACH
ACH

·s···---·°i'o,385.60 $

207.71 $

-

$ - - -

t     $	10,177.89

$
$
$

12,176.26   $
4,207.94    $
14,414.48    $

243.53 $

84.16 ·s

  

$

$

.

.$
$
$

11,932.73

-

4,123.78

 	

288.29 $

$

,_	1/10/20

----·tt:1-----

:	--·t

ACH

$

23.74 $

0.47 $

j $

3
· :

:

• !

::::: ------·- --H

 		 		 	

··-{-

_$.

 	

14,126.19
23.27
3
: : : ::

$

-- -- -- - -·- -·..·- ·-·- ···--·- ....-....... $

- - -·-··· - - -	;

-- --;

$

$
$

$

$

s

$ -

----	;

.	$

$

-

$

$

·.:-

- - •.$ "·----

$
;

$  -----·-     -	-

$

---

,. -_   -_  -_  --_1,-_-_ -_ - _ - _ -.i..,_'s$ -- ---  -----···

;
s
$

-;
s
$

Total Collected

Percentage Collected

$

51,584.93 $

1,031.69 $

..;
I ;
s
$

$

$

-	I $

:-l+-  -  - ·-
-  I }---- -	:·.-.
s
$

•

$

50,553.24
92%

100%
	Gross Assessments	Collection	Commissions	Interest	Net Assessments	
Date	ACH	Received	Fee	Paid	Income	Received	

10/30/19	ACH	$	1,066.59	$	21.33	$	$	$	1,045.26	
11/15/19	ACH	$	4,387 .09	$	87.74	$	$	$	4,299.35	

DEBT SERVICE

Gross Assessments   $	241,312.50 Certified Net Assessments [ $	226,833.75

-  _Q/30/19 11/15/19

ACH ACH

'=     11/  2  / 1_9·_·-_·  ... 	    A_C_H

$
$
, _$
$

$
:............ACH	$

4,805.83   $
13,200.04    $
39,600.29    $
50,688.38    $
19,536.09    $
62,172.32    $
16,257.31:    $

96.12 $

792.01 ·r·

264.00    $  	

$
$
$

,-.     12/9/19
-i2/13/19·- 1/3/20
1/28/20
__ 1/29/20 __

ACH ACH
ACH

·-- -s···

1,013.77-   $···-  -   - ··-  ·  .J  $

390.72 $
1,243.45
325.15

$
      ••$
_$
$ _
$
j $
$

ACH

$

s

3,612.43 f $ .

,. _ _ _ ......._ _ _ _ ......., $

·s
......    $
$

-

rT-
$
$
$
$

·

72.25

.

$
$
$
$
$
$
$
$
$
I   $$

-    r   $
$
[  $

s

$

.

. f""

s

4,709.71
12,936.04
38,808.28
49,674.61
19,145.37
60,928.87
15,932.16
3,'540.18

-

s
$
$

$

-

s

$

-

::::. ::: : ............._ :.

  

$

-·----+------+-$:: 	$

,	_.....,_ _ _ _ _ _$$

$$

$
I  $$

- 

- - -+-- - - ---1·-;

;

.................-  .................................·s···	s

 =

1 -f
..s.............._..-...t  $

.........

- $----;
$
$$
;
s

Total Collected

$

209,872.69 $

4,197.47 $

$

$

205,675.22

100%
	Gross Assessments	Collection	Commissions	Interest	Net Assessments	
Date	ACH	Received	Fee	Paid	Income	Received	

7

S ECTION 3

CANDLER HILLS EAST COMMUNITY DEVELOPMENT DISTRICT
$3,380,000
SPECIAL ASSESSMENT REVENUE REFUNDING BONDS SERIES2016
ARBITRAGE REBATE REQUIREMENT OCTOBER 31, 2019

Grau& Associates
CERTIFIED   PUBLIC ACCOUNTANTS

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

November 22, 2019

Candler Hills East Community Development District Marion County, Florida

Re:	$3,380,000 Candler Hills East Community Development District (Marion County, Florida)
Special Assessment Revenue Refunding Bonds, Series 2016 (the "Bonds")

Candler Hills East Community Development District has requested that we prepare certain computations related to the above-described Bonds for the year ended October 31, 2019 ("Computation Period"). The engagement consisted of the preparation of computations to be used to assist in the determination of the amount, if any, of the Rebate Requirement for the Bonds for the Computation Period as described in Section 148(f) of the Internal Revenue Code of 1986, as amended ("Code"). You have the ultimate responsibility for your compliance with arbitrage rebate laws; therefore, you should review the calculations carefully.

In order to prepare these computations, we were provided with the following information: various trust statements and the Official Statement for the Bonds. We did not verify or otherwise audit the accuracy of information provided to us by you or the Trustee, and accordingly, we express no opinion on such information. The attached schedules are based upon the aforementioned information provided to us. A brief description of the attached schedules is attached.

The results of our computations based on the information provided to us indicate a negative Rebate Requirement of ($13,071) for October 31, 2019. Consequently, our results indicate no amount must be on deposit in the Rebate Fund.

The Rebate Requirement has been determined as described in the Code and the Arbitrage Rebate Regulations. We have no obligation to update this report because of events occurring, or information coming to our attention, subsequent to the date of this report. It is understood that these calculations are solely for the information of, and assistance to, the addressee for the purpose of complying with the Code and the Arbitrage Rebate Regulations. Our report is not to be used for any other purpose.

Grau & Associates

DESCRIPTION OF ATTACHED SCHEDULES

Summary of Rebate Calculations - Provides a summary of the rebate calculations.

Purpose ExpendituresFuture Value Report - Verifies the rebate calculation. The report future values the purpose expenditures by the arbitrage yield limit to the computation date (October 31, 2019).

Arbitrage Yield Limit (AYL) Verification Report - Verifies the calculation of the arbitrage yield limit and the arbitrage gross proceeds. Discounts the debt service schedule by the arbitrage yield limit.

True Interest Cost (TIC) Verification Report - Verifies the calculation of the true interest cost and the gross proceeds. Discounts the debt service schedule by the true interest cost.

Unspent  Proceeds  Report -  Verifies  the  amount  of unspent proceeds.	Lists purpose expenditures in chronological order.

Internal Rate of Return (IRR) Report Via Purpose Expenditures- Verifies the internal rate of return for the investment portfolio. This report presents values the purpose expenditures by the internal rate of return to the delivery date.

Candler Hills East COD
Series .2016 Special Assessment Revenue Refunding Summary of Rebate Calculations
$ 3,380.000.00

Dated: Delivered:

11/08/2016
11/08/2016

,4nniversary Date. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •	• .	05/01/2017	
Future- i -'aiue Date. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	10/31/2019	
Arbitrq_J?,e Yield Limit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	3.6866888	
Total'?l Purpose E.xpenditures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	$3,262,185.00	
Internal Rale ofRdurn. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	0.2194235	
90°-1o efrebate liabiliry. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • . . . . . . . . . . . . . .	-$11,763.48	
Full rebate liabili[v. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	-$13,070.53	

CANDLERHIL-2016- I FY: 11Mun-EaseElevateMalnObI 16.95fEOB I12/03/2019I7:31 I Rpt22
Grau & Associates	rage	1
Grau & Associates CPAs

Candler Hills East CDD	Dated:	11/08/2016
Series 2016 Special Assessment Revenue Refunding	Delivered:	11/08/2016
Purpose Expenditures Future Value Report	r Hhlre V olNtd To:	10/31/2019
S 3,380,000.00
T ra11sactio11	Group  Fund	Futu Value  Calculation Amt	FV	FV
Date	ID	ID	Description	Periods	(1111. Earnings)	Pool%	Factor	r1mo1111t

11/8/2016	-I	COi	Beg. Arbitrage Gross Proceeds	5.9611111	-3,379,695 .55	I 00.0000000      1.1150322	-3,768,469.49
11/8/2016	2017	Transferred Funds	S.9611111	-367,024 .00	I00 .0000000	1.1150322	-409,243.59
11/8/2016	2017	Payment to escrow	5.9611111	3 , 485, 143.00	100 .0000000      1.1150322	3,886,046.79
11/8/2016	2017	Underwriter's Discount	5.96 11111	67,600 .00	100 .0000000     1.1150322	75,376.18
11/17/2016	2017	COi	5.91111 JJ	61,069.00	100 .0000000	1.1140144	68,031.74
11/30/2016	2017	COi	5.8388889	3,250.00	100.0000000    1.1125457	3,615. 77
12/2/2016	2017	Reserve	5.827 7778	5.00     100.0000000    1.1123200	5.56
12/6/2016	2017	COi	5.8055556	2,925.00	I 00 .0000000	1.1118686	3,252.22
1/412017	2017	Reserve	5.6500000	10.00      100.0000000    1.1087139	11.09
2/2/2017	2017	Reserve	5 .4944444	15.00	I 00 . 0000000	1.1055682	16.58
3/2/2017	2017	Reserve	5 .3277  778	14.00      100 .0000000    1.1022076	15.43
4/4/2017	2017	Reserve	5.1500000	15.00	100 .0000000     1.0986343	16.48
5/2/2017	2017	Reserve	4.9944444	19.00	100 .0000000	1.0955172	20.81
5/18/2017	2017	COi	4.9055556	6,456.00	100 .0000000	1.0937399	7,061.18
6/2/2017	2017	Reserve	4 .827 7778	20.00      100 .000 0000     1.0921872	21.84
6/2/2017	2017	COi	4.8277778	1.00   100 ,0000000	1.0921872	1.09
7/5/2017	2017	Reserve	4 .64444 44	20.00      100.0000000     1.0885359	21.77
8/2/2017	2017	Reserve	4 .4944 444	20.00      100 .0000000     1.0855576	21.71
9/5/2017	2017	Reserve	4 .3 111111	20.00	I00 .0000000	1.0819285	21.64
10/3/2017	2017	Reserve	4.1555556	20.00	100.0000000    1.0788587	21.58
11/1/2017	2018	Reserve	4 .0000000	2,175.00       100.0000000     1.0757977	2,339.86
11/2/2017	2018	Reserve	3.9944444	20.00      100 .0000000   1.0756885	21.51
12/4/2017	2018	Reserve	3 .8166667	19.00	100.0000000     1.0722012	20.37
1/3/2018	2018	Reserve	3.6555556	20.00     100.0000000    1.0690506	21.38
2/2/2018	2018	Reserve	3 .49 44444	20.00      100 .0000000     1.0659092	21.32
3/2/2018	2018	Reserve	3.3277778	18 .00	100.0000000    1.0626692	19.13
4/3/2018	2018	Reserve	3 .1555556	20.00	100 .0 000000   1.0593316	21.19
5/2/2018	2018	Reserve	2 .9944 444	24.00    100 .0000000	1.0562188	25.35
6/4/2018	2018	Reserve	2.8166667	25.00     100.0000000    1.0527946	26.32
7/3/2018	2018	Reserve	2.6555556	24.00	I 00 . 0000000	1.0497010	25.19
8/2/2018	2018	Reserve	2,4944444	30.00     100.0000000   1.0466165	31.40
9/5/2018	2018	Reserve	2.3111111	30.00	100 .0000000	1.0431175	31.29
10/2/2018	2018	Reserve	2. 161 1111	29 .00	100 .0000000	1.0402635	30.17
11/2/2018	2019	Reserve	1.9944444	30.00    100 .0000000	1.0371014	31.11
12/4/2018	2019	Reserve	1.8166667	29.00    100 .0000000	1.0337392	29.98
1/3/2019	2019	Reserve	1.6555556	30.00    100 .0000000	1.0307016	30.92
1/7/2019	2019	Reserve	1.6333333	-M 0.00	I 00 . 0000000	1.0302833	-669.68
2/4/2019	2019	Reserve	1.4833333	30.00   100 .0000000	1.0274644	30.82
3/4/2019	2019	Reserve	1.3166667	27.00   100 .0000000	1.0243412	27.66
4/2/2019	2019	Reserve	1.1611111	30.00	I 00 . 0000000	1.0214349	30.64
5/1/2019	2019	Reserve	1.0000000	456.00    100 .0000000	1.0184334	464.41
5/2/2019	2019	Reserve	0.9944 444	29.00     100.0000000    1.0183301	29.53
6/4/2019	2019	Reserve	0.8166667	30.00	100 .0000000	1.0150287	30.45
7/2/2019	2019	Reserve	0 .661 1111	29.00      100.0000000    1.0121488	29.35
8/2/2019	2019	Reserve	0.4944444	25.00	I 00 .0000000	1.0090722	25.23

CANOLERHIL-2016- I FY: 11 Mun-EaseElevateMainOb I 16.95f EDS 112/0312019 I 7:31 I Rpt15a
Grau & Associates
Grau & Associates CPAs
I

I' r1°	1

Candler Hills East CDD	Dated:	11/08/2016	
Series 2016 Special Assessment Revenue Refunding	Delivered:	11/08/2016	

Purpose Expenditures Future Value Report

	Transaction	Group	F1111d		FNl11re Va/11e	CalCN!ation Amt		FV	FV	
	Dalt	ID	ID	DescriptUJn		Period.I	(Int. Eamings)	Pool%	Fa,1or	Amo1111t	
	9/4/2019	2019		Reserve	0.3166667	20.00	I 00.0000000	1.0058009	20.12	
	10/2/2019	2019		Reserve	0.1611111	18.00	I 00.0000000	1.0029471	18.05	
	10/31/2019	-I		Unspenl Proceeds a of I0/31/2019	0.0000000	118,300.00	100.0000000	1.0000000	118,300.00	
						789.45			-13,070.53	

$ 3,380,000.00

FNIIITr VabttdTo:	10,'31/2019

	Arbitrage Yield limit (AYL) ...............	3.6866888		
	Internal Rate of Return (IRR) . . . . . . . . . . . . . .	0.2194235		
	Fumre Valued To.. •.•• . . • ••. . .• . . . . . . . . . .	10/31/2019		

CANDLERHIL-2016- I FY: 1 I Mun-EaseElevateMainDb I 16.95f EDB I 12/03/2019 I 7:31 I Rpt15a
Grau & Associates
Grau & 1\ssoc1ates CPAs

1J,1,Je	2

Candler Hills East CDD	Dated:	11/08/2016
Series 2016 Special Assessment Revenue Refunding	Delivered:	11/08/2016
A.Y.L. Verification Report	FMS Boll4s
.MSRB JOI 360 SEMI 4/ J
3,380, 000.00
Coupon	Principal	Coupon		lntere;t		Cred  Enh./		Periodic	Present Va/11c		DisC011nted Period	Date	Pqyment		Rate	P(!Ymiml	Sinkin F11nd Adj	Debt Seroice		Fm:to,·	Debt Senti,e

05/01/2017	55,000.00	2.000	54,861.42	109,861.42	0.9825979	107,949.60
2	11/01/2017	56,531.25	56,531.25	0.9648131	54,542.09
3	05/01/2018	125,000.00	2.000	56,531.25	181,531.25	0.9473502	171,973.66
4	11/01/2018	55,281.25	55,281.25	0.9302033	51,422.80
5	05/01/2019	130,000 . 00	2.000	55,281.25	185,281.25	0.9133668	169 ,229.75
6	11/01/2019	53,981. 25	53,981.25	0.8968351	48,412.28
1	05/01/2020	130,000.00	2.2S0	53,981.25	I83,981.2S	0.8806 025	162,014.35
8	11/01/2020	52,518.75	52,518.75	0.8646638	45,411.06
9	05/01/2021	135 , 000.00	2 . 250	52,51 8.75	187,5  18.75	0.8490135	159, 205.96
10	11/01/2021	51,000.00	51,000 .00	0.8336466	42 , 515.97
II	05/01/2022	135,000.00	2.250	51,000 . 00	186,000.00	0.8185577	152,251.74
12	11/01/2022	49,481.25	49,481.25	0.8037420	39,770. 16
13	05/01/2023	140, 000 .00	2.500	49,481.25	189,481.25	0.7891944	149 ,537.55
14	11/01/2023	47,731.25	47,731.25	0.7749102	36,987.43
15	05/01/2024	145 ,000.00	2 . 750	47,731.25	192,73 1 . 25	0.7608844	146 ,646.21
16	I 1/01/2024	45,737.50	45,737.50	0.7471126	34,171.06
17	05/01/2025	145,000 .00	3.000	45,737.50	190,737.50	0.7335900	139,923.12
18	I 1/01/2025	43,562.50	43,562.50	0.7203122	31,378.60
19	05/01/2026	150 ,000.00	3 .750	43,562 .50	193,562 . 50	0 . 7072747	136,901.85
20	11/01/2026	40,750.00	40,750.00	0.6944731	28,299.78
21	05/01/2027	155,000.00	3.750	40,750.00	195,750 .00	0.6819033	133,482.57
22	11/01/2027	37,843.75	37,843.75	0.6695610	25,338.70
23	05/01/2028	160 ,000.00	3.750	37,843.75	197,843 .75	0.6574421	130,070.80
24	11/01/2028	34,843.75	34,843.75	0.6455425	22,493.12
25	05/01/2029	170,000.00	3.750	34,843.75	204,843.75	0.6338583	129,841.91
26	11101/2029	31,656.25	31,656 .25	0.6223856	19,702.39
27	05/01/2030	175,000.00	3.750	31,656.25	206 ,656.25	0.6 111205	126,291.88
28	11/01/2030	28,375.00	28,375.00	0.6000594	17,026.68
29	05/01/2031	180,000 .00	3 .750	28,375 .00	208,375 .00	0. 5891984	122,774.22
30	11/01/2031	25,000 .00	25,000.00	0.5785340	14,463.35
31	05/01/2032	190,000.00	4.000	25,000.00	215,000.00	0.5680627	122 , 133.48
32	11/01/2032	21,200.00	21,200.00	0.5577809	11,824.95
33	05/01/2033	195,000 .00	4.000	21,200 .00	216,200.00	0.5476851	1 18,409.53
34	11/01/2033	17,300.00	17,300.00	0.5377721	9,303.46
35	05/01/2034	205,000.00	4.000	17,300 .00	222,300.00	0.5280386	117,382.98
36	I 1/01/2034	13,200.00	13,200 .00	0.5184812	6,843.95
37	05/01/2035	210,000.00	4.000	13,200 .00	223,200 .00	0.5090968	113,630.40
38	11/01/2035	9,000.00	9,000.00	0.4998822	4,498.94
39	05/01/2036	220,()()().00	4.000	9,000 .00	229,000 .00	0.4908345	112,401.09
40	11/01/2036	4,600.00	4,600 .00	0.4819504	2,216.97
41	05/01/2037	230,000.00	4.000	4,600.00	234,600.00	0.4732272	111,019 . 1 1

CANDLERHIL-2016- I FY: 11 Mun-EaseElevateMalnOb I 16.95f EOB I12/03/2019 I 7:35 I Rpt01h
Grau & Associates

, ·

Grau&Ass'.Jc1atesCPAs	P 1	1

Candler Hills East COD
Series 2016 Special Assessment Revenue Refunding
A.Y.L. Verification Report

Dated: Delivered: FMS Bond.r

11/08/2016
11/08/2016

3,380,000.00

MSRB 30/360 SEMI 4/ J

	Coupon	Principal	Coupon	Interest	Cred. Enh./	Periodi,:	Present Vame	Discounted	
Pniod	Date	P<!Jllltnt	Rate	P'!J"lenl	Sinking Fund Adj	Debi Servke	Factor	Debt Senna	
3,380,000.00	1,494,048.92	0.00	4,874,048.92	3,379,695.50

True Interest Cos/ (TIC). . . . • . • . . . .	3.9069069		Face value of bond Issue. . . . . . . . . . .	$3,380,000.00	
.Vet lnteres1 Cos1 (NJC). . . . . . . . . . . . . . . . . . .	3.8913340		Accrued interest f-,1 . . . . . . . . . . . . . . . . . . .		
Arbilrage Yield limit (AYL,1 . . . . . . . . .	3.6866888		Original Issue premium/discount (- ). . . . . .	($304.4&)	
Arbi1rage Nel Interest Cost (ANIC}.	3.7242250		Bond surety fee (-). . . . . . .. . . . . . . . .. . .. .	$0.00	
			Lump-sum credit enhancements (-). . .
Other AYL costs(-/ . . . .	$0.00	
			AYL Targe1.	$3,379,695.55	

CANDLERHIL-2016- I FY: 11Mun-EaseElevateMainDb I 16.95f EDB I12/03/2019 I 7:35 I Rpt01h
Grau & Associates
Gr·au  &  Associates  CPAs	Pag 3	2

Candler Hills East COD	I
MSRB    JO/ 360 SF.Ml / J
Series 2016 Special Assessment Revenue Refundin	FMS BONdJ
T.I.C. Verification Reoort (Regular)	Da«d:	11/8/2016
3,380,000.00	De/im,d:	11/8/2016

Period	Coupon Date	Principal Pqymenl	Co11pon Rate	Interest Pqyment	Credit Enhancements	Periodic Debt Service	Present Va/11e Factor	Discounlld Debt Service	
	5/1/2017	55,000.00	2.000	54,861.42		109,861.42	0.9815780	107,837.55	
2	11/1/2017			56,531.25		56,53 1.25	0.9627707	54,426.63	
3	5/1/2018	125,000.00	2.000	56,531.25		181,531.25	0.9443238	171,424.27	
4	11/1/2018			55,281.25		55,281.25	0.9262303	51,203.17	
5	5/1/2019	130,000.00	2.000	55,281.25		185,281.25	0.9084835	168 ,324.96	
6	11/1/2019			53,9111.25		53,981.25	0.8910767	41!,IOl.44	
7	5/1/2020	130,000.00	2.250	53,981.25		183,981.25	0.8740035	160,800.25	
8	11/1/2020			52,518.75		52,518.75	0.8572573	45,022.08	
9	5/1/2021	135,000.00	2.250	52,518.75		187,518.75	0.8408321	157,671.78	
10	11/1/2021			51,000.00		51, 000.00	0.8247215	42,060.80	
II	5/1/2022	135,000.00	2.250	51, 000.00		186,000.00	0.8089197	150,459.06	
12	11/1/2022			49,481.25		49,481.25	0.7934206	39,259.44	
13	5/1/2023	140,000.00	2.500	49,481.25		189,481.25	0.7782184	147,457.80	
14	11/1/2023			47,731.25		47,731.25	0.7633076	36,433.62	
15	5/1/2024	145,000.00	2.750	47,731.25		192,731.25	0.7486824	144,294.50	
16	11/1/2024			45,737.50		45,737.50	0.7343375	33,586.76	
17	5/1/2025	145,000.00	3.000	45,737.50		190,737.50	0.7202674	137,382.00	
18	11/1/2025			43,562.50		43,562.50	0.7064669	30,775.46	
19	5/1/2026	1 50,000.00	3.750	43,562.50		193,562.50	0.6929308	134,125.42	
20	11/1/2026			40,750.00		40,750.00	0.6796541	27,695.90	
21	5/1/2027	155,000.00	3.750	40,750.00		195,750.00	0.6666317	130,493.16	
22	11/1/2027			37,843.75		37,843.75	0.6538589	24,744.47	
23	5/1/2028	160,000.00	3.750	37,843.75		197,843.75	0.6413308	126,883.29	
24	11/1/2028			34,843.75		34,843.75	0.6290427	21,918.21	
25	5/1/2029	1 70,000.00	3.750	34,843.75		204,843.75	0.6169901	126,386.57	
26	1111/2029			31,656.25		31,656.25	0.6051684	19,157 .36	
27	5/1/2030	175,000.00	3.750	31,656.25		206,656.25	0.5935733	122,665.63	
28	11/1/2030			28,375.00		28,375.00	0.5822003	16, 519.93	
29	5/1/2031	180,000.00	3.750	28,375.00		208,375.00	0.5710452	118,991.53	
30	11/1/2031			25,000.00		25,000.00	0.5601038	14,002.59	
31	5/1/2032	190,000.00	4.000	25,000.00		215,000.00	0.5493721	118,114.99	
32	11/1/2032			21,200.00		21,200.00	0.5388460	11,423.53	
33	5/1/2033	195,000.00	4.000	21, 200.00		216,200.00	0.5285215	114,266.36	
34	11/1/2033			17,300.00		17,300.00	0.5183949	8,968.23	
35	5/1/2034	205,000.00	4.000	17,300.00		222,300.00	0.5084624	113,031.18	
36	11/1/2034			13,200.00		13,200.00	0.4987201	6,583.11	
37	5/1/2035	210,000.00	4.000	13,200.00		223,200.00	0.4891645	109,181.51	
38	11/1/2035			9,000.00		9,000.00	0.4797920	4,318 . 13	
39	5/1/2036	220,000.00	4.000	9,000.00		229,000.00	0.4705990	107,767.18	
40	11/1/2036			4,600.00		4,600.00	0.461S823	2,123.28	
41	5/1/2037	230,000.00	4.000	4,600.00		234,600.00	0.4527382	106,212.39	
CANDLERHIL-2016- I FY: 11Mun-EaseElevateMainDbI 16.95f EDB I 12/03/2019 I 7:36 I Rpt01a

1--. ,,,:

Grau & Associates	1
GraL; & Associates CPAs

Candler Hills East CDD
Series 2016 Special Assessment Revenue Refundin

2
MSRB J()/ !60 SE.Ml ..J/ 1
HIS Boml!

T.1.C. Verification Reoort (Regular)
US0,000.00

Daled: D,!i, red·

11/8/2016

11/8/2016

Period	Coupon Date	Primipal
Payment	CollJ>on Rate	[nJemt
Payment	Cmiit Enhance,nenl.r	Periodic Debt Service	Pruent Vame
Factor	Discounted Debi Service	
		3 ,380,000.00

True lnteresl Cost fl1C) . . . . . . . .		1,494,048.92

3.9069069	0.00

Face va	4,874,048.92

lue of  bond l vsue .		3,3 I2,095.53

$3,380,000.00	
Net Interest Cos/ (:VIC). . . . . . . . . . ··· ·· ···· ·
Arhirrage Yield limil (AYL) . . . . . . . . . . .	3.8913340
3.6866888	Accrued /nteres/ (-) . . .. . . . . .. . . . . . . .
Original issue premium/discount (- j . . . . . .	
($304.45)	
Arbi1rage Ne/ lnteresl Cos/ iANIC.1 . . . . . . . . . .	3.7242250	Underwriter discoun/ ( -J . . . . . . . . . . . . .• .	($67,600.00)	

	lump-sum credil enhancements f•) . . . . . . . .	$0.00	
	Other TIC costs (-) . . . . . . . . . . . . . . . . . . . .		
	Bond surely fee I ) . . . . . . . . . . . . . . . . . . . .	N/A	
	= TIC Target	$3,312,095.55	

CANDLERHIL-2016· I FY: 1 I Mun-EaseElevateMainDb 116.951EDB I12/03/2019 I 7:36 I Rpt01a
Grau & Associates	Paae	2
1          Grau  & Associates CPAs	-

Candler Hills East COD	Dated:	11/0 812016
Series 2016 Special Assessment Revenue Refunding	Delivered:	11/0812016
Unspent Proceeds Report
$ 3.380.000.00

(.ak
Dale	G,p
lD	
P11,p	F1111d
ID	
De1mption	Gross A,nounl	Pool
Perren/age	", \io11p11,pose INVtJ/INtlll	Purpose Expendil1ms	IJ,upml
Pro.eedi	
IIJ08i2016	-1	N	COi	Beg. Arbitntge Gross Proceeds		100.0000000			J,379,69S.5S	
11108/2 016	2017	y		Transferred Funds	-367,024.00	100.0000000		-367,024.00	3,746,719.55	
I 1! 08 /2016	2017	y		Underwriter's Discowu	67,600.00	100.0000000		67,600.00	3,679,119 55	
l J.'0812016	2017	y		Payment to escrow	3 ,485,143 .00	l00.0000000		J,485,143 .00	193,976.55	

lld7!20l6	
2017	y		COi	
61,069 .00	
100.0000000		
61,069.00	
13 2,907.55	

11, 30 12016	
2017	y		COi	
3,250.00	
I 00.0000000		
3,250.00	
129,657.5S	
1, 2 0 212016	2017	y		Reserve	5.00	100.0000000		5.00	129,652.55	

12/0612016	
2017	y		
COi	
2,925.00	
I00.0000000		
2,925.00	
126,727.55	

01.0412017	
2017	y		Reserve	
10.00	
l00.0000000		
10.00	
126,717.55	

02i02i201 7	
2017	.y		Reserve	
15.00	I 00.0000000		
IS.00	
126,702.SS	

03,0212017	
2017	y		Reserve	
14.00	I 00.0000000		
14.00	
126,688.SS	

04104i2017	
2017	y		Reserve	
15.00	
I 00.0000000		
15.00	
126,673.SS	

05102/2017	
2017	y		Reserve	
19.00	
100.0000000		
19.00	
126,654.SS	

OSilS/2017	
2017	y		COi	
6,456.00	
100.0000000		
6,456.00	
120,198.55	

06/0212017	
2017	y		Reserve	
20.00	
100.0000000		
20.00	
120,178.55	
06102/2017	2017	y		COi	1.00	10 0.0000000		1.00	120,177.55	

01.•os; 2011	
2017	y		Reserve	
20.00	
100.0000000		
20.00	
l20,IS7.5S	

0810212017	
2017	
y		Reserve	
20.00	
100,0000000		
20.00	
120,137.S:5	

09i0Si20l7	
2017	y		Reserve	
20.00	
10 0.0000000		
20.00	
120,117.55	

10/03/2017	
2017	y		
Re5erve	
20.00	
I 00.0000000		
20.00	
120, 097.SS	

ll iOl: 2017	
2018	y		Reserve	
2,175,00	
I 00.0000000		
2,1 75.00	
117,922.SS	
11102' 20l7	2018	y		Reserve	20.00	I 00.0000000		20.00	117,902.55	

12104,2017	
2018	y		Reserve	
19.00	
100.0000000		
19.00	
117,883.55	

01103,2018	
2018	y		Reserve	
20.00	
100.0000000		
20.00	
117,86}.55	

02/02120 18	
2018	y		Reserve	
20.00	
I00.0000000		
20.00	
117,843.SS	

03i02i2018	
2018	y		Reserve	
18.00	
I 00.0000000		
18.00	
117,825.55	

04/0312018	
2018	y		Reserve	
20.00	
I 00.0000000		
20.00	
117,805.55	

CANDLERHIL-2016- I FY: 11Mun-EaseElevateMainDb I 16.95f EDB I12103/2019 I 7:31 I Rpt11
Grau & Associates
Grau  & Associates  CPAs	h.19c	1

Candler Hills East COD	Dated:	11/08/2016
Series 2016 Special Assessment Revenue Refunding	Delivered:	11/08/2016
Unspent Proceeds Report
$ 3.380,000.00

Cak Dale	G,p
ID	
PH,P	F1md lD	
Du,-riplion	Gross
.411101111/	Pool Ptranlage	XonpH,pose t,weslnrml	Pmpose Expendiltms	UIIS/Jtnl Proatds	

05i02 /20l8	
2018	
y		
Reserve	
24.00	
100.00001)00		

24.00	

111,181.55	

06104i20l8	
2018	y		Reserve	
25.00	
100.0000000		
25.00	
117,756.55	

07103/2018	
2018	y		ReseNe	
24.00	
I00.0000000		
24.00	
117,732.55	

08102!2018	
2018	y		Reserve	
30.00	
100.0000000		
30.00	
117,702.55	

09i05i20l8	
2018	y		Rescn-e	
30.00	
100.0000000		
30.00	
117,672.55	

1010!220l8	
2018	y		Reserve	
29.00	
I00.0000000		
29.00	
117,643.55	

11,02/2018	
2019	y		Reserve	
30.00	
100.0000000		
30.00	
117,613.55	

12i04i2018	
2019	y		Reserve	
29.00	
I00.0000000		
29.00	
117,584.55	

01 03/2019	
2019	y		Reserve	
30.00	
100.0000000		
30.00	
I I 7,554.55	

Ol:07"2019	
2019	y		
Reserve	
50.00	
100.0000000		
-650.00	
118.204.55	

02:04,2019	
2019	y		Reserve	
30.00	
I 00.0000000		
30.00	
118,174.55	

03104/2019	
2019	y		Reserve	
27.00	
100.0000000		
2700	
118,1 7.55	

04102/2019	
2019	y		Reserve	
30.00	
100.0001)000		
30.00	
118,117.55	

05,01, 2019	
2019	y		
Reserve	
456.00	
I00.0000000		
456.00	
117,661.55	
05;02.-2019	2019	y		Reserve	29.00	100.0000000		29.00	117.632.55	

06/0412019	
2019	y		Reserve	
30.00	
I00.0000000		
30.00	
117,602.55	

07'02/2019	
2019	y		Reserve	
29.00	
I00.0000000		
29.00	
117,573.55	

08i02!2019	
2019	y		
Reserve	
25.00	
I00.0000000		
25.00	
117,54855	

09,04/2019	
2019	y		Reserve	
10.00	
100.0000000		
20.00	
117,528.55	

l010212019	
2019	
N		Reserve	
-18.00	
100.0000000	
-18.00		
117,510.55	
10/02/2019	2019	y		Reserve	18.00	I00.0000000		18.00	117,492.55	

CANDLERHIL-2016- I FY: 1 f Mun-EaseElevateMainDb116.951EDB I12/03/2019 I 7:31 I Rpt11
Grau & Associates
G, au &  Associates  CPAs	P,cvie;	2

Candler Hills East CDD
Series 20 I 6 Special Assessment Revenue Refunding Unspent Proceeds Report
$ 3,380,000.00

Dated: Delivered:

11/08/2016
11/08/2016

	Cak	Gtp		Fu11d		Gross	Pool	:-Vo11p111pose	Pmpose	L°nsptnl	
	Date	ID	Pu,p	ID	Des,ription	Amount	Pen'l!11/age	T111m1111e11/	Expenditures	Pro«eds	
3,262,167.00	-18.00	3,262,185.00

First fm,estment Date. . . . . . . . . . . . . . . . . . . . . . . . .	11/8/2016	
Calculation Date . . . . . . . . . . . . . . . . . . . . . . . . . . . .	10/31/2019	
Arbitrage Yield Limit (AYL). . . . . . . . . . . . . . . . . . . .	3.6866888	
Internal Rate of Return (IRRJ . . . . . . . . . . . . . . . . . .	0.2194236	

CANDLERHIL-2016- I FY: 1 I Mun-EaseElevaleMainDb ( 16.95f EDB ( 12/03/2019I 7:31 J Rpt11

7

Grau & Associates
Grau & Associates CPAs

P, g e	3

Candler Hills East CDD	Dated:	11/08/2016
Series 2016 Special Assessment Revenue Refunding	Delivered:	11/08/2016
I.R.R. Report Via Purpose Expenditures
$ 3,380.000.00

C,p
ID	Tra!II Date	Fund
ID	

De.miption	Day Count Factor	Ca/(11/ation Amt	Pool
{lnlemt Eaming.r) Pctg	** lntemal Rate of &!tum n-
PV Factor	PVAmt	
-I	11/08/2016		Beg. Arbitrage Gross Proceeds	0.0000000	(3,379,695.55) I00.000	1.0000000	(3.379,695.55)	
2017	11/08/2016		Transferred Funds	0.0000000	(367,024.00) I00.000	1.0000 000	(367,024.00)	
	11/08/2016	Underwriter's Discount	0.0000000	67,600.00	100.000	1.00 00000	67,600.00	
	11/08/2016	Payment to escrow	0.0000000	3,485,143.00	I00.000	1.000 0000	3,485,143.00	
	11/17/2016	COi	0.0500000	61,069.00	I00.000	0.9999452	61,065.65	
	11/30/2016	COi	0.1222222	3,250.00	100.000	0.9998660	3,249.56	
	12/02/2016	Reserve	0.1333333	5.00	l00.000	0.9998538	5.00	
	12/06/2016	COi	0.1555556	2,925.00	100.000	0.9998294	2,924.50	
	01/04/2017	Reserve	0.3111111	10.00	100.000	0.9996589	l0.00	
	02/02/2017	Reserve	0.4666667	15.00	100.000	0.9994884	14.99	
	03/02/2017	Reserve	0.6333333	14 .00	l00 .0 00	0.9993058	13.99	
	04/04/2017	Reserve	0.81 lllll	15.00	I00.000	0.9991110	14.99	
	05/02/2017	Reserve	0.9666667	19.00	I00.000	0.9989406	18 .98	
	05/18/2017	COi	1.0555556	6,456.00	100.000	0.9988432	6,448.53	
	06/02/2017	Reserve	1.1333333	20.00	100.000	0.9987581	19.98	
	06/02/2017	COi	1.1333333	1.00	100.000	0.9987581	1.00	
	07/05/2017	Reserve	1.3166667	20.00	100.000	0.9985573	19 .9 7	
	08/02/2017	Reserve	1.4666667	20.00	100.000	0.9983931	19 .9 7	
	09/05/2017	Reserve	1.6 500000	20.00	100 .000	0.99819 24	19 .96	
	l0/03/2017	Reserve	1.8055556	20.00	100 .000	0.9980221	19 .96	
2018	11/01/2017	Reserve	1.9611111	2,175.00	100.000	0.9978519	2,170.33	
	11/02/2017	Reserve	1.9666667	20.00	100.000	0.9978458	19.96	
	12/04/2017	Reserve	2 . 1444444	19 .00	100.000	0.9976513	18.96	
	01/03/2018	Reserve	2.3055556	20.00	100.000	0.9974751	19 . 9 5	
	02/02/2018	Reserve	2.4666667	20.00	100.000	0.9972989	19 .9 5	
	03/02/2018	Reserve	2.6333333	18.00	100.000	0.9971167	17.95	
	04/03/2018	Reserve	2.8055556	20.00	100.000	0.9969284	19 .94	
	05/02/2018	Reserve	2.9666667	24.00	100.000	0.9967523	23.92	
	06/04/2018	Reserve	3.1444444	25.00	I00.000	0.9965580	24.91	
	07/03/2018	Reserve	3.3055556	24.00	100.000	0.9963820	23.91	
	08/02/2018	Reserve	3.4666667	30.00	100.000	0.9962060	29.89	
	09/05/2018	Reserve	3.6500 000	30.00	100.000	0.9960057	29.88	
	10/02/2018	Reserve	3.8000000	29.00	100.000	0.9958419	28.88	
2019	11/02/2018	Reserve	3.9666667	30.00	100.000	0.9956599	29.87	
	12/04/2018	Reserve	4.1444444	29.00	100.000	0.9954659	28.87	
	01/03/2019	Reserve	4.3055556	30.00	100.000	0.9952900	29.86	
	01/07/2019	Reserve	4.3277778	(6S0.00)	I 00.000	0.9952658	(646.92)	
	02/04/2019	Reserve	4.4777778	30.00	100.000	0.9951021	29.85	
	03/04/2019	Reserve	4.6444444	27.00	100.000	0.9949202	26.86	
	04/02/2019	Reserve	4.8000000	30.00	100.000	0.9947506	29.84	
	05/01/2019	Reserve	4.9611111	456.00	100.000	0.9945748	453.53	
	05/02/2019	Reserve	4.9666667	29.00	100.000	0.9945688	28.84	
	06/04/2019	Reserve	5.1444444	30.00	100.000	0.9943749	29.83	
	07/02/2019	Reserve	5.3000000	29.00	100.000	0.9942053	28.83	
	08/02/2019	Reserve	5.4666667	25.00	100.000	0.9940236	24.85	
	09/04/2019	Reserve	5.6444444	20.00	100.000	0.9938299	19 . 88	
	10/02/2019	Reserve	5.8000000	18.00	100.000	0.9936604	17.89	
99999	10/31/2019	Unspent Proceeds as of 10/31/2019	5.9611111	118,300.00	100.000	0.9934849	117,5 29.26	

CANDLERHIL-2016- I FY: 11Mun-EaseElevateMainDb I 16.95f EDB I 12/03/2019 J 7:31I Rp109c
Grau & Associates	Pc1r:P	1
Grau & Associates CPAs

Candler Hills East COD
Series 2016 Special Assessment Revenue Refunding
I.R.R. Report Via Purpose Expenditures
S 3,380,000.00

Dated: Delivered:

11/08/2016
11/08/2016

G,p
ID	Trans Date	Fund
ID	

Description	Dqy Count Fmtor	Ca/Clllatio,n "-Im/
(Interest Earnings)	Pool P.tg	** Internal Rate of&t11rn **
PV Factor	PV  Amt		
					789.45		0.04		

Arbitrage Freid Umit . . . . . . . . . . . . . . . .
Internal RaJe uf Ret"rn . . . . . . . . . . . . . .
Calc"laJion Standard . . , . . . . . . . . . . . . .

3.6866888
0.2194235
MSRB 30/360 SEMI 4/3

CANOLERHIL-2016- I FY: 1 ) Mun-EaseElevateMainOb 116.95f EDB) 12/03/2019) 7:31 I Rpt09c
Grau & Associates	Page	2
Grau & Associates CPAs