Rhodine Road North

Community Development District

Agenda

August 5, 2020

Rhodine Road North
Community Development District

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

July 29, 2020

Board of Supervisors

Rhodine Road North
Community Development District

Dear Board Members:

The regular meeting of the Board of Supervisors of Rhodine Road North Community Development District will be held Wednesday, August 5, 2020 at 11:30 AM via Zoom Teleconference.

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

Zoom Video Link: https://zoom.us/j/98222621722

Zoom Call-In Number: 1-646-876-9923

Meeting ID: 982 2262 1722

Following is the advance agenda for the meeting:

1.	Roll Call

2.	Public Comment Period (1Speakers will fill out a card and submit it to the District Manager prior to the beginning of the meeting)

3.	Approval of Minutes of the July 1, 2020 Board of Supervisors Meeting

4.	Public Hearings

A.	Public Hearing on the Adoption of the Fiscal Year 2021 Budget

i.	Consideration of Resolution 2020-10 Adoption of the District’s Fiscal Year 2021 Budget and Appropriating Funds

ii.	Consideration of Fiscal Year 2020/2021 Budget Deficit Funding Agreement—ADDED

B.	Public Hearing on the Imposition of Operations and Maintenance Special Assessments

1	Comments will be limited to three (3) minutes

Rhodine Road North CDD	2	

i.	Consideration of Resolution 2020-11 Imposing Special Assessments and Certifying an Assessment Roll

5.	Consideration of Resolution 2020-12 Designation of Regular Monthly Meeting Date, Time, and Location for Fiscal Year 2021

6.	Staff Reports

A.	Attorney

B.	Engineer

C.	Field Manager’s Report

D.	District Manager’s Report

i.	Approval of Check Registers

ii.	Balance Sheet and Income Statement

iii.	Ratification of Summary of Series 2019 Requisitions #120 through #127

7.	Other Business

8.	Supervisors Requests and Audience Comments

9.	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. Speakers must fill out a Request to Speak form and submit it to the District Manager prior to the beginning of the meeting.

The third order of business is the approval of the minutes from the July 1, 2020 Board of Supervisors Meeting. A copy of the minutes is enclosed for your review.

The fourth order of business opens the Public Hearings. Section A is the Public Hearing on the Adoption of the Fiscal Year 2021 Budget. Sub-Section 1 is the Consideration of Resolution 2020-10 Adoption of the District’s Fiscal Year 2021 Budget and Appropriating Funds. Sub-Section 2 is the Consideration of Fiscal Year 2020/2021 Budget Deficit Funding Agreement. A copy of the resolution and agreement are enclosed for your review. Section B is the Public Hearing on the Imposition of Operations and Maintenance Special Assessments. Sub-Section 1 is the Consideration of Resolution 2020-11 Imposing Special Assessments and Certifying an Assessment Roll. Consideration of Lake Maintenance Proposals. A copy of the resolution is enclosed for your review.

The fifth order of business is the Consideration of Resolution 2020-12 Designation of Regular Monthly Meeting Date, Time, and Location for Fiscal Year 2021. A copy of the resolution is enclosed for your review.

Rhodine Road North CDD	3	

The sixth order of business is Staff Reports. Section C is the Field Manager’s Report for your review. Section C is the District Manager’s Report. Sub-Section 1 includes the approval of the check register. Sub-Section 2 includes the balance sheet and income statement. Sub-Section 3 includes a Summary of Series 2019 Requisitions #120 through #127 for your review and ratification.

The balance of the agenda will be discussed at the meeting. In the meantime, if you should have any questions, please do not hesitate to contact me.

Sincerely,

Jill Burns

District Manager

CC:

Roy Van Wyk, District Counsel
Enclosures

MINUTES OF MEETING RHODINE ROAD NORTH COMMUNITY DEVELOPMENT DISTRICT

The Regular Meeting of the Board of Supervisors of the Rhodine Road North Community Development District was held on Wednesday, July 1, 2020 at 11:30 a.m. via Zoom Teleconference.

Present and constituting a quorum:

Lauren Schwenk

Matthew Cassidy
Andrew Rhinehart

Patrick Marone

Vice Chairman

Assistant Secretary

Assistant Secretary

Assistant Secretary

Also, present were:

Jill Burns

Michelle Rigoni

Heather Wertz
April Payeur

Clayton Smith

District Manager, GMS

District Counsel, HGS
District Engineer
Developer’s Office

GMS

FIRST ORDER OF BUSINESS

Roll Call

Ms. Burns called the meeting to order and noted that four supervisors were in attendance via Zoom teleconference and a quorum was established.

SECOND ORDER OF BUSINESS	Public Comment Period

Ms. Burns noted that there were no members of the public present attending via Zoom.

THIRD ORDER OF BUSINESS

Approval of Minutes of the May 6, 2020 Board of Supervisors Meeting

Ms. Burns asked for any questions, comments, or corrections on the May 6, 2020 Board of Supervisors meeting minutes. The Board had no changes to the minutes.

July 1, 2020	Rhodine Road North CDD

On MOTION by Mr. Rhinehart, seconded by Mr. Marone, with all in favor, the Minutes of the May 6, 2020 Board of Supervisors Meeting, were approved.

FOURTH ORDER OF BUSINESS	Consideration	of	Lake	Maintenance

Proposals

A.	Remson Aquatics

B.	Applied Aquatic Management

	Mr. Smith reviewed the lake maintenance quotes for monthly services from two vendors,

Remson Aquatics and Applied Aquatic. He noted there was a significant difference in the quotes and that he double checked to ensure the scope was similar. Remson’s quote totaled $765 per month and Applied Aquatic totaled $1,750 per month. Mr. Smith stated he had never worked with Remson but they provided a good price. He felt it was hard to pass up that price.

Mr. Rhinehart stated he had received some feedback on Remson. The owner of Remson owns property across the street and has been maintaining district ponds for 20 years. His office is across the street from the Cassidy Offices. Mr. Smith stated his recommendation would be to accept Remson’s proposal. Ms. Burns asked for any questions. Hearing none,

On MOTION by Mr. Rhinehart, seconded by Mr. Marone, with all in favor, the Lake Maintenance Proposal from Remson Aquatics and the Authorization for Counsel to Draft the Form of Agreement, was approved.

FIFTH ORDER OF BUSINESS	Consideration of Landscape Maintenance

Proposals

A.	Prince & Sons

	Mr. Smith stated he gave them similar scope on what they want priced. Prince is a little

higher, but he noted that he had worked with Prince at a couple of other areas. Mr. Smith stated that they are looking to break into the area, but they are out of town for this area.

B.	Cardinal Landscaping

	Mr. Smith stated that Cardinal was another landscaper that he is familiar with that is in

the area. He noted that they actually have some high end CDDs in the area. Going through the proposals, they proposed on the same items. Both proposals include 42 cuts for all common areas

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July 1, 2020	Rhodine Road North CDD

and amenity areas. Prince has 19 mows for ponds, Cardinal has 20 and they laid out a schedule. Mr. Smith noted with the quick notice he was not able to give them a perfectly defined scope, but he went through with both of them and explained what the Board wants. Mr. Smith noted the pond mowings can be increased as more people move into the area and live more adjacent to the ponds. Both proposals include shrub maintenance throughout the year. One difference is irrigation monitoring is additional on Prince’s, whereas it is included in Cardinals.

Mr. Smith stated he would recommend Cardinal because they are a lower price, they are in the area, and he has experience working with them as well. Mr. Smith asked for any questions. Hearing none,

On MOTION by Mr. Rhinehart, seconded by Mr. Cassidy, with all in favor, the Landscape Maintenance Proposal with Cardinal Landscaping and the Authorization for Counsel to Draft the Form of Agreement, was approved.

SIXTH ORDER OF BUSINESS	Consideration  of  Phase  1  and  Phase  2

Tract Conveyance

Ms. Burns noted that Michelle Rigoni was still waiting on the title for these tracts that are outlined. Ms. Burns stated that they were looking to approve subject to final review and delegate the authority to the Chairman to finalize.

Ms. Rigoni stated this morning she received a title opinion that, in her review, looked like it only included Ridgewood and not Ridgewood West. Ms. Rigoni stated that while she had Lauren on the phone, she wanted to confirm that they are looking to convey over the common area tracts in both Ridgewood and Ridgewood West. Ms. Schwenk stated that was correct. Ms. Rigoni stated that after they review them there may be a couple of additional documents that may be needed, like a partial release of mortgage. Aside from that, the documents the Board has in the package including the warranty deed, the quick claim deed from HOA, because the plat also dedicated the common area tracts may be going to the HOA, and other typical forms, like the Bill of Sale, affidavits for deed, and things like that, are going to be approved in substantial form.

Ms. Burns asked if there were any questions for Ms. Rigoni. Hearing none,

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July 1, 2020	Rhodine Road North CDD

On MOTION by Mr. Marone, seconded by Mr. Rhinehart, with all in favor, the Conveyance of Phase 1 and Phase 2 Subject to Final Review, and Delegation of Authority to the Chair to Finalize, was approved.

SEVENTH ORDER OF BUSINESS	Acceptance of the Fiscal Year 2019 Audit

Ms. Burns asked the Board to look on page 26 at the report to management, which is a summary of the audit. Ms. Burns noted it was a clean audit and there were no areas of non-compliance and no findings. It has been submitted to the state as the deadline for submittal is June 30th. It was reviewed by Counsel and Management and they are looking for motion from the Board to accept the Fiscal Year 2019 Audit.

On MOTION by Mr. Rhinehart, seconded by Mr. Cassidy, with all in favor, the Fiscal Year 2019 Audit, was approved.

EIGHTH ORDER OF BUSINESS	Staff Reports

A. Attorney

Ms. Rigoni had nothing further to report.

B.  Engineer

Ms. Wertz had nothing further to report.

C. Field Manager’s Report

There being none, the next item followed.

D.	District Manager’s Report

i.	Approval of Check Registers

Ms. Burns stated the check register was included in the agenda package. The total amount was $4,838.46. The board had no questions on the check register.

On MOTION by Mr. Marone, seconded by Mr. Rhinehart, with all in favor, the Check Register totaling $4,838.46, was approved.

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July 1, 2020	Rhodine Road North CDD

ii.	Balance Sheet and Income Statement

Ms.  Burns  noted  there  was  no  action  needed,  but  she  could  answer  any  questions.

Hearing none, the next item followed.

iii.	Ratification of Summary of Series 2019 Requisitions #111 to #119 Ms. Burns stated these had already been approved and need to be ratified by the board.

On MOTION by Mr. Rhinehart, seconded by Mr. Cassidy, with all in favor, the Series 2019 Requisitions #111 to #119, were ratified.

iv.	Ratification of QGS Change Orders #30 through #33 and QGS for Change Order #11 (Offsite Turn Lane)
Ms. Burns stated these had also been approved by the Chairman and need to be ratified.

On MOTION by Mr. Marone, seconded by Mr. Rhinehart, with all in favor, QGS Change Order #30 through #33 and QGS Change Order #11, were ratified.

v.	Ratification of Series 2019 Funding Requests #1 and #2

Ms. Burns stated these were related costs and funds that were not available out of the bonds, they had also been approved and need to be ratified.

On MOTION by Mr. Rhinehart, seconded by Mr. Cassidy, with all in favor, Series 2019 Funding Request #1 and #2, were ratified.

vi.	Presentation of Number of Voters – 0

Ms. Burns stated that they are required to determine the number of registered voters within the District as of April 15th of each year, and there are currently no registered voters living within Rhodine Road North CDD.

NINTH ORDER OF BUSINESS	Other Business

There being none, the next item followed.

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July 1, 2020	Rhodine Road North CDD

TENTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience

Comments

Ms. Burns asked for supervisor requests or audience comments. The board had no requests.

ELEVENTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Rhinehart, seconded by Mr. Marone, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

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SECTION IV

SECTION A

SECTION

1

RESOLUTION 2020-10

THE ANNUAL APPROPRIATION RESOLUTION OF THE RHODINE ROAD NORTH COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGETS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2020, AND ENDING SEPTEMBER 30, 2021; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2020, submitted to the Board of Supervisors (“Board”) of the Rhodine Road North Community Development District (“District”) proposed budgets (“Proposed Budget”) for the fiscal year beginning October 1, 2020 and ending September 30, 2021 (“Fiscal Year 2020/2021”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

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

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

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

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

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

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE RHODINE ROAD NORTH COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1.	BUDGET

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

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

c.	The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Rhodine Road North Community Development District for the Fiscal Year Ending September 30, 2021.”

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

SECTION 2.	APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2020/2021, the sum of $________________ to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the

District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND

$__________________

DEBT SERVICE FUND - SERIES 2019

$__________________

SECTION 3.	BUDGET AMENDMENTS

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2020/2021 or within 60 days following the end of the Fiscal Year 2020/2021 may amend its Adopted Budget for that fiscal year as follows:

a.	The Board may authorize an increase or decrease in line item appropriations within a fund by motion recorded in the minutes if the total appropriations of the fund do not increase.

b.	The District Manager or Treasurer may authorize an increase or decrease in line item appropriations within a fund if the total appropriations of the fund do not increase and if the aggregate change in the original appropriation item does not exceed $10,000 or 10% of the original appropriation.

c.	By resolution, the Board may increase any appropriation item and/or fund to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.

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

The District Manager or Treasurer must establish administrative procedures to ensure that any budget amendments are in compliance with this Section 3 and Section 189.016, Florida Statutes, among other applicable laws. Among other procedures, the District Manager or Treasurer must ensure that any amendments to budget under subparagraphs c. and d. above are posted on the District’s website within 5 days after adoption and remain on the website for at least 2 years.

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

PASSED AND ADOPTED this 5th day of August, 2020.

ATTEST:

RHODINE ROAD NORTH COMMUNITY

DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

•	•	•	•	•	•	•	•	•	•	•	•

•• •••••••

Rhodine Road North

Community Development District

Proposed Budget

FY 2021

•	•	•	•	•	•	•	•	•	•	•	•	•	•	•

	Table of Contents	
1-2	General Fund	
3-8	General Fund Narrative	
9	Series 2019 Debt Service Fund	
10-11	Series 2019 Amortization Schedule	
12	Capital Reserve Fund	

Rhodine Road North

Community Development District

Proposed Budget

General Fund

	Adopted	Actuals	Projected	Total	Proposed	
	Budget	Thru	Next	Thru	Budget	
Description	FY2020	6/30/20	3 Months	9/30/20	FY2021	
Revenues						
Assessments	$0	$0	$0	$0	$282,705	
Developer Contributions	$225,562	$60,000	$85,508	$145,508	$57,673	
Boundary Amendment Contributions	$0	$1,585	$0	$1,585	$0	
Total Revenues	$225,562	$61,585	$85,508	$147,093	$340,378	
Expenditures						
Administrative						
Supervisor Fees	$12,000	$3,400	$3,000	$6,400	$12,000	
Engineering	$20,000	$891	$5,000	$5,891	$20,000	
Attorney	$25,000	$11,479	$13,521	$25,000	$25,000	
Annual Audit	$3,000	$3,000	$0	$3,000	$4,400	
Assessment Administration	$5,000	$0	$0	$0	$5,000	
Arbitrage	$650	$0	$650	$650	$900	
Dissemination	$5,000	$4,250	$750	$5,000	$6,000	
Trustee Fees	$3,500	$0	$3,500	$3,500	$7,000	
Management Fees	$35,000	$26,250	$8,750	$35,000	$35,000	
Information Technology	$2,350	$675	$1,675	$2,350	$2,500	
Telephone	$250	$10	$63	$73	$250	
Postage & Delivery	$850	$108	$213	$320	$850	
Insurance	$5,500	$5,125	$0	$5,125	$5,700	
Printing & Binding	$850	$295	$213	$508	$850	
Legal Advertising	$10,000	$7,232	$2,768	$10,000	$10,000	
Other Current Charges	$2,500	$1,363	$1,137	$2,500	$2,500	
Boundary Amendment Expenses	$0	$1,585	$0	$1,585	$0	
Office Supplies	$500	$14	$125	$139	$500	
Travel Per Diem	$550	$0	$138	$138	$550	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
Total Administrative	$132,675	$65,851	$41,501	$107,353	$139,175	

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Rhodine Road North

Community Development District

Proposed Budget

General Fund

	Adopted	Actuals	Projected	Total	Proposed	
	Budget	Thru	Next	Thru	Budget	
Description	FY2020	6/30/20	3 Months	9/30/20	FY2021	
Operations & Maintenance						
Field Expenses						
Property Insurance	$5,000	$0	$1,250	$1,250	$5,000	
Field Management	$0	$0	$1,875	$1,875	$12,500	
Landscape Maintenance	$39,200	$5,000	$17,988	$22,988	$71,950	
Landscape Replacement	$7,500	$0	$1,250	$1,250	$5,000	
Fertilization	$8,000	$0	$0	$0	$0	
Lake Maintenance	$0	$0	$2,295	$2,295	$9,180	
Fountain Maintenance	$0	$0	$625	$625	$2,500	
Streetlights	$10,000	$0	$3,750	$3,750	$15,000	
Electric	$0	$333	$625	$958	$2,500	
Water & Sewer	$0	$0	$250	$250	$1,000	
Sidewalk & Asphalt Maintenance	$0	$0	$125	$125	$500	
Irrigation Repairs	$0	$0	$1,250	$1,250	$5,000	
General Repairs & Maintenance	$2,000	$0	$1,250	$1,250	$5,000	
Contingency	$15,000	$0	$1,875	$1,875	$7,500	
Subtotal Field Expenses	$86,700	$5,333	$34,408	$39,740	$142,630	
Amenity Expenses						
Amenity - Electric	$2,000	$0	$0	$0	$9,600	
Amenity - Water	$600	$0	$0	$0	$2,560	
Playground Lease	$0	$0	$0	$0	$7,000	
Internet	$0	$0	$0	$0	$600	
Pest Control	$120	$0	$0	$0	$480	
Janitorial Services	$800	$0	$0	$0	$8,000	
Security Services	$0	$0	$0	$0	$6,667	
Pool Maintenance	$2,667	$0	$0	$0	$13,000	
Amenity Repairs & Maintenance	$0	$0	$0	$0	$667	
Contingency	$0	$0	$0	$0	$5,000	
Subtotal Amenity Expenses	$6,187	$0	$0	$0	$53,573	
Total Operations & Maintenance	$92,887	$5,333	$34,408	$39,740	$196,203	
Other Expenses						
Capital Reserves	$0	$0	$0	$0	$5,000	
Total Other Expenses	$0	$0	$0	$0	$5,000	
Total Expenditures	$225,562	$71,184	$75,909	$147,093	$340,378	
Excess Revenues/(Expenditures)	($0)	($9,599)	$9,599	$0	$0	
			Net Assessments		$282,705	
			Add: Discounts & Collections 6%	$18,045	
			Gross Assessments		$300,750	
			Assessable Units		401	
			Per Unit Gross Assessment	$750.00	

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Rhodine Road North

Community Development District
GENERAL FUND BUDGET

REVENUES:

Assessments

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

Developer Contributions

The District will enter into a Funding Agreement with the Developer to fund the General Fund expenditures for the Fiscal Year that are not covered by assessments collected.

EXPENDITURES:

Administrative:

Supervisor Fees

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

Engineering

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

Attorney

The District's legal counsel will be providing general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit

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

Assessment Administration

The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

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Rhodine Road North

Community Development District
GENERAL FUND BUDGET

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its bonds. This cost is based upon the Series 2019 bond series and an additional bond series expected to close during the fiscal year.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This cost is based upon the Series 2019 bond series and an additional bond series expected to close during the fiscal year.

Trustee Fees

The District will incur trustee related costs with the issuance of bonds. This cost is based upon the Series 2019 bond series and an additional bond series expected to close during the fiscal year.

Management Fees

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

Information Technology

Represents costs related to the District’s accounting and information systems, District’s website creation and maintenance, hosting, electronic compliance with Florida Statutes and other electronic data requirements.

Telephone

Telephone and fax machine.

Postage & Delivery

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance insurance coverages.

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

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Rhodine Road North

Community Development District
GENERAL FUND BUDGET

Legal Advertising

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

Other Current Charges

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

Office Supplies

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

Travel Per Diem

The Board of Supervisors can be reimbursed for travel expenditures related to the conducting of District business.

Dues, Licenses & Subscriptions

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

Operations & Maintenance:

Field Expenses

Property Insurance

The District’s property insurance coverages.

Field Management

The District has contracted with Governmental Management Services – Central Florida, LLC to provide onsite field management of contracts for the District such as landscape and lake maintenance. Services can include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails. Services are provided at a cost of $15,000 annually but are being billed at half the rate monthly until amenities are turned over to the District. Amenities are estimated to be turned over as of February 2021.

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Rhodine Road North

Community Development District
GENERAL FUND BUDGET

Landscape Maintenance

The District has a contract with Cardinal Landscaping Services of Tampa, Inc. to maintain the landscaping located within the District. These services include monthly landscape maintenance such as mowing of turf areas, edging, debris removal, pruning and trimming, plant bed weed control, fertilization and irrigation inspections. The annual amount is based upon the following:

Description	Monthly	Annually	
Landscape Maintenance	$5,996	$71,950	
Total		$71,950	

Landscape Replacement

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

Lake Maintenance

The District has a contract with Remson Aquatics Limited Liability Company to maintain the lakes located within the District. These services involve monthly aquatic weed control. The annual amount is based upon the following:

Description	Monthly	Annually	
Lake Maintenance	$765	$9,180	
Total		$9.180	

Fountain Maintenance

Represents the estimated costs related to the maintenance of the fountains located at the District’s lakes.

Streetlights

Represents the cost to maintain street lights within the District Boundaries that are expected to be in place throughout the fiscal year.

Electric

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

Water & Sewer

Represents current and estimated costs for water and refuse services provided for common areas throughout the District.

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Rhodine Road North

Community Development District
GENERAL FUND BUDGET

Sidewalk & Asphalt Maintenance

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

Irrigation Repairs

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

General Repairs & Maintenance

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

Contingency

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

Amenity Expenses

Amenity - Electric

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

Amenity – Water

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

Playground Lease

Represents the estimated cost of the District leasing playground equipment for the fiscal year.

Internet

Internet service will be added for use at the Amenity Center.

Pest Control

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

Janitorial Services

Represents estimated costs to provide janitorial services and supplies for the District’s amenity facilities.

7

Rhodine Road North

Community Development District
GENERAL FUND BUDGET

Security Services

Represents the estimated cost of contracting a monthly security service for the District’s amenity facilities.

Pool Maintenance

Represents estimated costs of regular cleaning and treatments of the District’s pool.

Amenity Repairs & Maintenance

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

Contingency

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

Other Expenses:

Capital Reserves

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

8

Rhodine Road North

COMMUNITY DEVELOPMENT DISTRICT

Proposed Budget

Debt Service Fund

Series 2019

	Adopted	Actual	Projected	Projected	Proposed	
	Budget	Thru	Next	Thru	Budget	
	FY2020	6/30/20	3 Months	9/30/20	FY2021	
Revenues						
Special Assessments	$224,250	$0	$224,250	$224,250	$618,188	
Prepayments	$0	$20,486	$0	$20,486	$0	
Interest Income	$0	$6,468	$15	$6,483	$0	
Carry Forward Surplus	$377,949	$395,776  *	$0	$395,776	$258,188	
Total Revenues	$602,199	$422,729	$224,265	$646,994	$876,375	
Expenses						
Interest - 11/1	$153,238	$153,238	$0	$153,238	$219,019	
Principal - 5/1	$0	$0	$0	$0	$165,000	
Interest - 5/1	$224,250	$224,250	$0	$224,250	$219,019	
Special Call - 8/1	$0	$0	$235,000	$235,000	$0	
Total Expenditures	$377,488	$377,488	$235,000	$612,488	$603,038	
Other Financing Sources						
Transfer In (Out)	$0	$223,681	$0	$223,681	$0	
Total Other Financing Sources (Uses)	$0	$223,681	$0	$223,681	$0	
Excess Revenues/(Expenditures)	$224,712	$268,923	($10,735)	$258,188	$273,338	
*Represents carry forward less reserve requirement of $603,162.50			Interest - 11/1/2021	$216,131	
				Total	$216,131	

9

Rhodine Road North Community Development District Series 2019, Special Assessment Bonds (Combined)

Amortization Schedule

Date		Balance		Principal		Interest		Annual	
11/1/20	$	9,765,000	$	-	$	219,019	$	219,019	
5/1/21	$	9,765,000	$	165,000	$	219,019	$	-	
11/1/21	$	9,600,000	$	-	$	216,131	$	600,150	
5/1/22	$	9,600,000	$	170,000	$	216,131	$	-	
11/1/22	$	9,430,000	$	-	$	213,156	$	599,288	
5/1/23	$	9,430,000	$	180,000	$	213,156	$	-	
11/1/23	$	9,250,000	$	-	$	210,006	$	603,163	
5/1/24	$	9,065,000	$	185,000	$	210,006	$	-	
11/1/24	$	9,065,000	$	-	$	206,769	$	601,775	
5/1/25	$	9,065,000	$	190,000	$	206,769	$	-	
11/1/25	$	8,875,000	$	-	$	202,969	$	599,738	
5/1/26	$	8,875,000	$	200,000	$	202,969	$	-	
11/1/26	$	8,675,000	$	-	$	198,969	$	601,938	
5/1/27	$	8,675,000	$	205,000	$	198,969	$	-	
11/1/27	$	8,470,000	$	-	$	194,869	$	598,838	
5/1/28	$	8,470,000	$	215,000	$	194,869	$	-	
11/1/28	$	8,255,000	$	-	$	190,569	$	600,438	
5/1/29	$	7,795,000	$	225,000	$	190,569	$	-	
11/1/29	$	7,795,000	$	-	$	186,069	$	601,638	
5/1/30	$	7,795,000	$	235,000	$	186,069	$	-	
11/1/30	$	7,795,000	$	-	$	181,369	$	602,438	
5/1/31	$	7,795,000	$	245,000	$	181,369	$	-	
11/1/31	$	7,550,000	$	-	$	175,856	$	602,225	
5/1/32	$	7,550,000	$	255,000	$	175,856	$	-	
11/1/32	$	7,295,000	$	-	$	170,119	$	600,975	
5/1/33	$	7,295,000	$	265,000	$	170,119	$	-	
11/1/33	$	7,030,000	$	-	$	164,156	$	599,275	
5/1/34	$	7,030,000	$	280,000	$	164,156	$	-	
11/1/34	$	6,750,000	$	-	$	157,856	$	602,013	
5/1/35	$	6,750,000	$	290,000	$	157,856	$	-	
11/1/35	$	6,460,000	$	-	$	151,331	$	599,188	
5/1/36	$	6,460,000	$	305,000	$	151,331	$	-	
11/1/36	$	6,155,000	$	-	$	144,469	$	600,800	
5/1/37	$	6,155,000	$	320,000	$	144,469	$	-	
11/1/37	$	5,835,000	$	-	$	137,269	$	601,738	
5/1/38	$	5,835,000	$	335,000	$	137,269	$	-	

10

Rhodine Road North Community Development District Series 2019, Special Assessment Bonds (Combined)

Amortization Schedule

Date		Balance		Principal		Interest		Annual	
11/1/38	$	5,500,000	$	-	$	129,731	$	602,000	
5/1/39	$	5,500,000	$	350,000	$	129,731	$	-	
11/1/39	$	4,785,000	$	-	$	121,856	$	601,588	
5/1/40	$	4,785,000	$	365,000	$	121,856	$	-	
11/1/40	$	4,785,000	$	-	$	113,644	$	600,500	
5/1/41	$	4,785,000	$	385,000	$	113,644	$	-	
11/1/41	$	4,400,000	$	-	$	104,500	$	603,144	
5/1/42	$	4,400,000	$	400,000	$	104,500	$	-	
11/1/42	$	4,000,000	$	-	$	95,000	$	599,500	
5/1/43	$	4,000,000	$	420,000	$	95,000	$	-	
11/1/43	$	3,580,000	$	-	$	85,025	$	600,025	
5/1/44	$	3,580,000	$	440,000	$	85,025	$	-	
11/1/44	$	3,140,000	$	-	$	74,575	$	599,600	
5/1/45	$	3,140,000	$	465,000	$	74,575	$	-	
11/1/45	$	2,675,000	$	-	$	63,531	$	603,106	
5/1/46	$	2,675,000	$	485,000	$	63,531	$	-	
11/1/46	$	2,190,000	$	-	$	52,013	$	600,544	
5/1/47	$	2,190,000	$	510,000	$	52,013	$	-	
11/1/47	$	1,680,000	$	-	$	39,900	$	601,913	
5/1/48	$	1,680,000	$	535,000	$	39,900	$	-	
11/1/48	$	1,145,000	$	-	$	27,194	$	602,094	
5/1/49	$	1,145,000	$	560,000	$	27,194	$	-	
11/1/49	$	585,000	$	-	$	13,894	$	601,088	
5/1/50	$	585,000	$	585,000	$	13,894	$	598,894	
Totals			$	9,765,000	$	8,483,625	$	18,248,625	

11

Rhodine Road North

COMMUNITY DEVELOPMENT DISTRICT

Proposed Budget

Capital Reserve Fund

	Adopted	Actual	Projected	Projected	Proposed	
	Budget	Thru	Next	Thru	Budget	
	FY2020	6/30/20	3 Months	9/30/20	FY2021	
Revenues						
Interest Income	$0	$0	$0	$0	$0	
Total Revenues	$0	$0	$0	$0	$0	
Expenses						
Capital Outlay	$0	$0	$0	$0	$0	
Total Expenditures	$0	$0	$0	$0	$0	
Other Financing Sources						
Transfer In (Out)	$0	$0	$0	$0	$5,000	
Total Other Financing Sources (Uses)	$0	$0	$0	$0	$5,000	
Excess Revenues/(Expenditures)	$0	$0	$0	$0	$5,000	

12

SECTION 2

FISCAL YEAR 2020/2021 BUDGET DEFICIT FUNDING AGREEMENT BETWEEN RHODINE ROAD NORTH COMMUNITY DEVELOPMENT DISTRICT AND RIDGEWOOD, LLC

THIS AGREEMENT (the “Agreement”) is made and entered into the 5th day of August, 2020, by and between:

RHODINE ROAD NORTH COMMUNITY DEVELOPMENT DISTRICT, a local unit of

special-purpose government established pursuant to Chapter 190, Florida Statutes, and located in Hillsborough County, Florida whose mailing address is 219 E. Livingston Street, Orlando, Florida 32801 (the “District”); and

RIDGEWOOD, LLC, a Florida limited liability company and landowner within the District, with a mailing address of 2300 N. Scenic Highway, ML 50, Lake Wales, Florida 33898 (hereinafter "Landowner").

RECITALS

WHEREAS, the District was established pursuant to Chapter 190, Florida Statutes, for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure improvements; and

WHEREAS, the District, pursuant to Chapter 190, Florida Statutes, is authorized to levy such taxes, special assessments, fees and other charges as may be necessary in furtherance of the District’s activities and services; and

WHEREAS, the District has adopted its operating budget for the Fiscal Year 2020/2021 (the “2021 O&M Budget”), which budget will commence on October 1, 2020, and conclude on September 30, 2021, a copy of which is attached hereto as Exhibit A and incorporated herein by reference; and

WHEREAS, Landowner is developing certain real property within the District and presently owns those majority of lands identified in the District’s Fiscal Year 2020/2021 Assessment Roll, attached to Exhibit A and incorporated herein by reference, which is located within the District and will benefit from the continued operations of the District (the “Property”); and

WHEREAS, following the adoption of the 2021 O&M Budget, the District has the option of levying non-ad valorem assessments on all land within its boundaries that will benefit from the activities, operations and services set forth in such budget (hereinafter referred to as the “O&M Assessment(s)”), or utilizing such other revenue sources as may be available to it; and

WHEREAS, due to the nature of the ownership of the Property, the District is not able to predict with absolute certainty the amount of monies necessary to fund the District’s activities, operations and services set forth in the 2021 O&M Budget; and

1

WHEREAS, in contemplation of the foregoing, and in lieu of levying an increased amount in O&M Assessments on the Property to fund the 2021 O&M Budget, the Landowner desires to provide the monies necessary to fund the actual expenditures for the Fiscal Year 2020/2021 (hereinafter referred to as the “O&M Budget Payment”), not otherwise funded by O&M Assessments levied upon other benefited lands located within the District.

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 parties agree as follows:

SECTION 1. RECITALS. The recitals so stated are true and correct and by this reference are incorporated into and form a material part of this Agreement.

SECTION 2.	PAYMENT OF DISTRICT’S O&M BUDGET.

i.	Payment of O&M Budget Expenses. Upon the District Manager’s written request, the Landowner agrees to make available to the District the monies necessary to fund all expenditures of the 2020/2021 O&M Budget not otherwise funded through O&M Assessments levied upon other benefited lands located within the District, on a continuing basis, within fifteen

(15)	days of written request by the District. Funds provided hereunder shall be placed in the District's general checking account. In no way shall the foregoing in any way affect the District’s ability to levy special assessments upon the lands within the District, including the Property, in accordance with Florida law, to provide funds for any unfunded expenditures whether such expenditures are the result of an amendment to the District’s 2021 O&M Budget or otherwise.

ii.	Consent to Funding of 2021 O&M Budget. The Landowner acknowledges and agrees that the O&M Budget Payment represents the funding of operations and maintenance expenditures that would otherwise be appropriately funded through O&M Assessments equitably allocated to the Property within the District in accordance with the District’s assessment methodology. Landowner agrees to pay, or caused to be paid, the O&M Budget Payment regardless of whether Landowner owns the Property at the time of such payment subject to the terms set forth in Section 10 herein. Landowner agrees that it will not contest the legality or validity of such imposition, collection or enforcement to the extent such imposition is made in accordance with the terms of this Agreement.

SECTION 3. CONTINUING LIEN. The District shall have the right to file a continuing lien upon the Property described in Exhibit A for all payments due and owing under the terms of this Agreement and for interest thereon, and for reasonable attorneys’ fees, paralegals’ fees, expenses and court costs incurred by the District incident to the collection of funds under this Agreement or for enforcement of this lien, and all sums advanced and paid by the District for taxes and payment on account of superior interests, liens and encumbrances in order to preserve and protect the District’s lien. The lien shall be effective as of the date and time of the recording of a “Notice of Lien for FY 2020/2021 O&M Budget” in the public records of Hillsborough County, Florida, stating among other things, the description of the real property and the amount due as of the recording of the Notice, and the existence of this Agreement. The District

2

Manager, in its sole discretion, is hereby authorized by the District to file the Notice of Lien for 2021 O&M Budget on behalf of the District, without the need of further Board action authorizing or directing such filing. At the District Manager’s direction, the District may also bring an action at law against the record title holder to the Property to pay the amount due under this Agreement, or may foreclose the lien against the Property in any manner authorized by law. The District may partially release any filed lien for portions of the Property subject to a plat if and when the Landowner has demonstrated, in the District’s sole discretion, such release will not materially impair the ability of the District to enforce the collection of funds hereunder. In the event the Landowner sells any of the Property described in Exhibit A after the execution of this Agreement, the Landowner’s rights and obligations under this Agreement shall remain the same, provided however that the District shall only have the right to file a lien upon the remaining Property owned by the Landowner.

SECTION 4.	ALTERNATIVE COLLECTION METHODS.

i.	In the alternative or in addition to the collection method set forth in Section 3 above, the District may enforce the collection of the O&M Budget Payment(s) by action against the Landowner in the appropriate judicial forum in and for Hillsborough County, Florida. The enforcement of the collection of funds in this manner shall be in the sole discretion of the District Manager on behalf of the District. In the event that either party is required to enforce this Agreement by court proceedings or otherwise, then the parties agree that the prevailing party shall be entitled to recover from the other all costs incurred, including reasonable attorneys’ fees and costs for trial, alternative dispute resolution, or appellate proceedings.

ii.	The District hereby finds that the activities, operations and services funded by the O&M Budget Payment(s) provide a special and peculiar benefit to the Property, which benefit is initially allocated on an equal developable acreage basis. The Landowner agrees that the activities, operations and services that will be funded by the O&M Budget Payment(s) provide a special and peculiar benefit to the Property in excess of the costs thereof on an equal developable acreage basis. Therefore, in the alternative or in addition to the other methods of collection set forth in this Agreement, the District, in its sole discretion, may choose to certify amounts due hereunder as a non-ad valorem assessment on all or any part of the Property for collection, either through the Uniform Method of Collection set forth in Chapter 197 or under any method of direct bill and collection authorized by Florida law. Such assessment, if imposed, may be certified on the next available tax roll of the Hillsborough County property appraiser.

SECTION 5. NOTICE. All notices, payments and other communications hereunder (“Notices”) shall be in writing and shall be delivered, mailed by First Class Mail, postage prepaid, or telecopied to the parties, as follows:

A.	If to District:

Rhodine Road North Community Development District

219 E. Livingston St.
Orlando, Florida 32801

With a copy to:

Hopping Green & Sams, P.A.

119 South Monroe Street, Suite 300

3

Tallahassee, Florida 32301

Attn: District Counsel

B.	If to Landowner:

Ridgewood, LLC

c/o AtlanticBlue Capital, LLC
2300 N. Scenic Highway, ML 50

Lake Wales, Florida 33898

SECTION 6. AMENDMENT. This instrument shall constitute the final and complete expression of the agreement between the parties relating to the subject matter of this Agreement. 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 hereto.

SECTION 7. AUTHORITY. The execution of this Agreement has been duly authorized by the appropriate body or official of all parties hereto, each party has complied with all the requirements of law, and each party has full power and authority to comply with the terms and provisions of this instrument.

SECTION 8. A SSIGNMENT. This Agreement may not be assigned, in whole or in part, by either party except upon the written consent of the other, which consent shall not be unreasonably withheld.

SECTION 9. DEFAULT. A default by either party under this Agreement shall entitle the other to all remedies available at law or in equity, which shall include, but not be limited to, the right of damages, injunctive relief and specific performance and specifically including the ability of the District to enforce any and all payment obligations under this Agreement in the matter described in Sections 3 and 4 above.

SECTION 10.	THIRD PARTY RIGHTS; TRANSFER OF PROPERTY.	This Agreement is

solely for the benefit of the formal parties herein and no right or cause of action shall accrue upon or by reason hereof, to or for the benefit of any third party not a formal party hereto. Nothing in this Agreement 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 Agreement or any provisions or conditions hereof; and all of the provisions, representations, covenants and conditions herein contained shall inure to the sole benefit of and shall be binding upon the parties hereto and their respective representatives, successors and assigns. In the event the Landowner sells or otherwise disposes of its business or of all or substantially all of its assets relating to improvements, work product, or lands within the District, including the Property, the Landowner shall continue to be bound by the terms of this Agreement and additionally shall expressly require that the purchaser agree to be bound by the terms of this Agreement. The Landowner shall give ninety (90) days prior written notice to the District under this Agreement of any such sale or disposition.

SECTION 11. APPLICABLE LAW AND VENUE. This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida. The parties agree that venue shall be in Hillsborough County, Florida.

4

SECTION 12. NEGOTIATION AT ARM’S LENGTH. This Agreement has been negotiated fully between the parties as an arm's length transaction. The parties participated fully in the preparation of this Agreement with the assistance of their respective counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, the parties are each deemed to have drafted, chosen and selected the language, and the doubtful language will not be interpreted or construed against any party.

SECTION 13. EFFECTIVE DATE. The Agreement shall take effect as of August 5, 2020. The enforcement provisions of this Agreement shall survive its termination, until all payments due pursuant to this Agreement are paid in full.

[Signature page follows]

5

IN WITNESS WHEREOF, the parties execute this Agreement on the day and year first written above.

ATTEST:

RHODINE ROAD NORTH

COMMUNITY DEVELOPMENT

DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

WITNESS:

RIDGEWOOD, LLC, a Florida limited

liability company

By: AtlanticBlue Capital, LLC

Its: Manager

Print Name:

By: John D. Alexander

Its: Manager

EXHIBIT A:

Fiscal Year 2020/2021 O&M Budget & Assessment Roll

6

EXHIBIT A

Fiscal Year 2020/2021 O&M Budget & Assessment Roll

•	•	•	•	•	•	•	•	•	•	•	•

•• •••••••

Rhodine Road North

Community Development District

Proposed Budget

FY 2021

•	•	•	•	•	•	•	•	•	•	•	•	•	•	•

	Table of Contents	
1-2	General Fund	
3-8	General Fund Narrative	
9	Series 2019 Debt Service Fund	
10-11	Series 2019 Amortization Schedule	
12	Capital Reserve Fund	

Rhodine Road North

Community Development District

Proposed Budget

General Fund

	Adopted	Actuals	Projected	Total	Proposed	
	Budget	Thru	Next	Thru	Budget	
Description	FY2020	6/30/20	3 Months	9/30/20	FY2021	
Revenues						
Assessments	$0	$0	$0	$0	$282,705	
Developer Contributions	$225,562	$60,000	$85,508	$145,508	$57,673	
Boundary Amendment Contributions	$0	$1,585	$0	$1,585	$0	
Total Revenues	$225,562	$61,585	$85,508	$147,093	$340,378	
Expenditures						
Administrative						
Supervisor Fees	$12,000	$3,400	$3,000	$6,400	$12,000	
Engineering	$20,000	$891	$5,000	$5,891	$20,000	
Attorney	$25,000	$11,479	$13,521	$25,000	$25,000	
Annual Audit	$3,000	$3,000	$0	$3,000	$4,400	
Assessment Administration	$5,000	$0	$0	$0	$5,000	
Arbitrage	$650	$0	$650	$650	$900	
Dissemination	$5,000	$4,250	$750	$5,000	$6,000	
Trustee Fees	$3,500	$0	$3,500	$3,500	$7,000	
Management Fees	$35,000	$26,250	$8,750	$35,000	$35,000	
Information Technology	$2,350	$675	$1,675	$2,350	$2,500	
Telephone	$250	$10	$63	$73	$250	
Postage & Delivery	$850	$108	$213	$320	$850	
Insurance	$5,500	$5,125	$0	$5,125	$5,700	
Printing & Binding	$850	$295	$213	$508	$850	
Legal Advertising	$10,000	$7,232	$2,768	$10,000	$10,000	
Other Current Charges	$2,500	$1,363	$1,137	$2,500	$2,500	
Boundary Amendment Expenses	$0	$1,585	$0	$1,585	$0	
Office Supplies	$500	$14	$125	$139	$500	
Travel Per Diem	$550	$0	$138	$138	$550	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
Total Administrative	$132,675	$65,851	$41,501	$107,353	$139,175	

1

Rhodine Road North

Community Development District

Proposed Budget

General Fund

	Adopted	Actuals	Projected	Total	Proposed	
	Budget	Thru	Next	Thru	Budget	
Description	FY2020	6/30/20	3 Months	9/30/20	FY2021	
Operations & Maintenance						
Field Expenses						
Property Insurance	$5,000	$0	$1,250	$1,250	$5,000	
Field Management	$0	$0	$1,875	$1,875	$12,500	
Landscape Maintenance	$39,200	$5,000	$17,988	$22,988	$71,950	
Landscape Replacement	$7,500	$0	$1,250	$1,250	$5,000	
Fertilization	$8,000	$0	$0	$0	$0	
Lake Maintenance	$0	$0	$2,295	$2,295	$9,180	
Fountain Maintenance	$0	$0	$625	$625	$2,500	
Streetlights	$10,000	$0	$3,750	$3,750	$15,000	
Electric	$0	$333	$625	$958	$2,500	
Water & Sewer	$0	$0	$250	$250	$1,000	
Sidewalk & Asphalt Maintenance	$0	$0	$125	$125	$500	
Irrigation Repairs	$0	$0	$1,250	$1,250	$5,000	
General Repairs & Maintenance	$2,000	$0	$1,250	$1,250	$5,000	
Contingency	$15,000	$0	$1,875	$1,875	$7,500	
Subtotal Field Expenses	$86,700	$5,333	$34,408	$39,740	$142,630	
Amenity Expenses						
Amenity - Electric	$2,000	$0	$0	$0	$9,600	
Amenity - Water	$600	$0	$0	$0	$2,560	
Playground Lease	$0	$0	$0	$0	$7,000	
Internet	$0	$0	$0	$0	$600	
Pest Control	$120	$0	$0	$0	$480	
Janitorial Services	$800	$0	$0	$0	$8,000	
Security Services	$0	$0	$0	$0	$6,667	
Pool Maintenance	$2,667	$0	$0	$0	$13,000	
Amenity Repairs & Maintenance	$0	$0	$0	$0	$667	
Contingency	$0	$0	$0	$0	$5,000	
Subtotal Amenity Expenses	$6,187	$0	$0	$0	$53,573	
Total Operations & Maintenance	$92,887	$5,333	$34,408	$39,740	$196,203	
Other Expenses						
Capital Reserves	$0	$0	$0	$0	$5,000	
Total Other Expenses	$0	$0	$0	$0	$5,000	
Total Expenditures	$225,562	$71,184	$75,909	$147,093	$340,378	
Excess Revenues/(Expenditures)	($0)	($9,599)	$9,599	$0	$0	
			Net Assessments		$282,705	
			Add: Discounts & Collections 6%	$18,045	
			Gross Assessments		$300,750	
			Assessable Units		401	
			Per Unit Gross Assessment	$750.00	

2

Rhodine Road North

Community Development District
GENERAL FUND BUDGET

REVENUES:

Assessments

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

Developer Contributions

The District will enter into a Funding Agreement with the Developer to fund the General Fund expenditures for the Fiscal Year that are not covered by assessments collected.

EXPENDITURES:

Administrative:

Supervisor Fees

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

Engineering

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

Attorney

The District's legal counsel will be providing general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit

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

Assessment Administration

The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

3

Rhodine Road North

Community Development District
GENERAL FUND BUDGET

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its bonds. This cost is based upon the Series 2019 bond series and an additional bond series expected to close during the fiscal year.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This cost is based upon the Series 2019 bond series and an additional bond series expected to close during the fiscal year.

Trustee Fees

The District will incur trustee related costs with the issuance of bonds. This cost is based upon the Series 2019 bond series and an additional bond series expected to close during the fiscal year.

Management Fees

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

Information Technology

Represents costs related to the District’s accounting and information systems, District’s website creation and maintenance, hosting, electronic compliance with Florida Statutes and other electronic data requirements.

Telephone

Telephone and fax machine.

Postage & Delivery

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance insurance coverages.

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

4

Rhodine Road North

Community Development District
GENERAL FUND BUDGET

Legal Advertising

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

Other Current Charges

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

Office Supplies

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

Travel Per Diem

The Board of Supervisors can be reimbursed for travel expenditures related to the conducting of District business.

Dues, Licenses & Subscriptions

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

Operations & Maintenance:

Field Expenses

Property Insurance

The District’s property insurance coverages.

Field Management

The District has contracted with Governmental Management Services – Central Florida, LLC to provide onsite field management of contracts for the District such as landscape and lake maintenance. Services can include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails. Services are provided at a cost of $15,000 annually but are being billed at half the rate monthly until amenities are turned over to the District. Amenities are estimated to be turned over as of February 2021.

5

Rhodine Road North

Community Development District
GENERAL FUND BUDGET

Landscape Maintenance

The District has a contract with Cardinal Landscaping Services of Tampa, Inc. to maintain the landscaping located within the District. These services include monthly landscape maintenance such as mowing of turf areas, edging, debris removal, pruning and trimming, plant bed weed control, fertilization and irrigation inspections. The annual amount is based upon the following:

Description	Monthly	Annually	
Landscape Maintenance	$5,996	$71,950	
Total		$71,950	

Landscape Replacement

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

Lake Maintenance

The District has a contract with Remson Aquatics Limited Liability Company to maintain the lakes located within the District. These services involve monthly aquatic weed control. The annual amount is based upon the following:

Description	Monthly	Annually	
Lake Maintenance	$765	$9,180	
Total		$9.180	

Fountain Maintenance

Represents the estimated costs related to the maintenance of the fountains located at the District’s lakes.

Streetlights

Represents the cost to maintain street lights within the District Boundaries that are expected to be in place throughout the fiscal year.

Electric

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

Water & Sewer

Represents current and estimated costs for water and refuse services provided for common areas throughout the District.

6

Rhodine Road North

Community Development District
GENERAL FUND BUDGET

Sidewalk & Asphalt Maintenance

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

Irrigation Repairs

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

General Repairs & Maintenance

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

Contingency

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

Amenity Expenses

Amenity - Electric

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

Amenity – Water

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

Playground Lease

Represents the estimated cost of the District leasing playground equipment for the fiscal year.

Internet

Internet service will be added for use at the Amenity Center.

Pest Control

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

Janitorial Services

Represents estimated costs to provide janitorial services and supplies for the District’s amenity facilities.

7

Rhodine Road North

Community Development District
GENERAL FUND BUDGET

Security Services

Represents the estimated cost of contracting a monthly security service for the District’s amenity facilities.

Pool Maintenance

Represents estimated costs of regular cleaning and treatments of the District’s pool.

Amenity Repairs & Maintenance

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

Contingency

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

Other Expenses:

Capital Reserves

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

8

Rhodine Road North

COMMUNITY DEVELOPMENT DISTRICT

Proposed Budget

Debt Service Fund

Series 2019

	Adopted	Actual	Projected	Projected	Proposed	
	Budget	Thru	Next	Thru	Budget	
	FY2020	6/30/20	3 Months	9/30/20	FY2021	
Revenues						
Special Assessments	$224,250	$0	$224,250	$224,250	$618,188	
Prepayments	$0	$20,486	$0	$20,486	$0	
Interest Income	$0	$6,468	$15	$6,483	$0	
Carry Forward Surplus	$377,949	$395,776  *	$0	$395,776	$258,188	
Total Revenues	$602,199	$422,729	$224,265	$646,994	$876,375	
Expenses						
Interest - 11/1	$153,238	$153,238	$0	$153,238	$219,019	
Principal - 5/1	$0	$0	$0	$0	$165,000	
Interest - 5/1	$224,250	$224,250	$0	$224,250	$219,019	
Special Call - 8/1	$0	$0	$235,000	$235,000	$0	
Total Expenditures	$377,488	$377,488	$235,000	$612,488	$603,038	
Other Financing Sources						
Transfer In (Out)	$0	$223,681	$0	$223,681	$0	
Total Other Financing Sources (Uses)	$0	$223,681	$0	$223,681	$0	
Excess Revenues/(Expenditures)	$224,712	$268,923	($10,735)	$258,188	$273,338	
*Represents carry forward less reserve requirement of $603,162.50			Interest - 11/1/2021	$216,131	
				Total	$216,131	

9

Rhodine Road North Community Development District Series 2019, Special Assessment Bonds (Combined)

Amortization Schedule

Date		Balance		Principal		Interest		Annual	
11/1/20	$	9,765,000	$	-	$	219,019	$	219,019	
5/1/21	$	9,765,000	$	165,000	$	219,019	$	-	
11/1/21	$	9,600,000	$	-	$	216,131	$	600,150	
5/1/22	$	9,600,000	$	170,000	$	216,131	$	-	
11/1/22	$	9,430,000	$	-	$	213,156	$	599,288	
5/1/23	$	9,430,000	$	180,000	$	213,156	$	-	
11/1/23	$	9,250,000	$	-	$	210,006	$	603,163	
5/1/24	$	9,065,000	$	185,000	$	210,006	$	-	
11/1/24	$	9,065,000	$	-	$	206,769	$	601,775	
5/1/25	$	9,065,000	$	190,000	$	206,769	$	-	
11/1/25	$	8,875,000	$	-	$	202,969	$	599,738	
5/1/26	$	8,875,000	$	200,000	$	202,969	$	-	
11/1/26	$	8,675,000	$	-	$	198,969	$	601,938	
5/1/27	$	8,675,000	$	205,000	$	198,969	$	-	
11/1/27	$	8,470,000	$	-	$	194,869	$	598,838	
5/1/28	$	8,470,000	$	215,000	$	194,869	$	-	
11/1/28	$	8,255,000	$	-	$	190,569	$	600,438	
5/1/29	$	7,795,000	$	225,000	$	190,569	$	-	
11/1/29	$	7,795,000	$	-	$	186,069	$	601,638	
5/1/30	$	7,795,000	$	235,000	$	186,069	$	-	
11/1/30	$	7,795,000	$	-	$	181,369	$	602,438	
5/1/31	$	7,795,000	$	245,000	$	181,369	$	-	
11/1/31	$	7,550,000	$	-	$	175,856	$	602,225	
5/1/32	$	7,550,000	$	255,000	$	175,856	$	-	
11/1/32	$	7,295,000	$	-	$	170,119	$	600,975	
5/1/33	$	7,295,000	$	265,000	$	170,119	$	-	
11/1/33	$	7,030,000	$	-	$	164,156	$	599,275	
5/1/34	$	7,030,000	$	280,000	$	164,156	$	-	
11/1/34	$	6,750,000	$	-	$	157,856	$	602,013	
5/1/35	$	6,750,000	$	290,000	$	157,856	$	-	
11/1/35	$	6,460,000	$	-	$	151,331	$	599,188	
5/1/36	$	6,460,000	$	305,000	$	151,331	$	-	
11/1/36	$	6,155,000	$	-	$	144,469	$	600,800	
5/1/37	$	6,155,000	$	320,000	$	144,469	$	-	
11/1/37	$	5,835,000	$	-	$	137,269	$	601,738	
5/1/38	$	5,835,000	$	335,000	$	137,269	$	-	

10

Rhodine Road North Community Development District Series 2019, Special Assessment Bonds (Combined)

Amortization Schedule

Date		Balance		Principal		Interest		Annual	
11/1/38	$	5,500,000	$	-	$	129,731	$	602,000	
5/1/39	$	5,500,000	$	350,000	$	129,731	$	-	
11/1/39	$	4,785,000	$	-	$	121,856	$	601,588	
5/1/40	$	4,785,000	$	365,000	$	121,856	$	-	
11/1/40	$	4,785,000	$	-	$	113,644	$	600,500	
5/1/41	$	4,785,000	$	385,000	$	113,644	$	-	
11/1/41	$	4,400,000	$	-	$	104,500	$	603,144	
5/1/42	$	4,400,000	$	400,000	$	104,500	$	-	
11/1/42	$	4,000,000	$	-	$	95,000	$	599,500	
5/1/43	$	4,000,000	$	420,000	$	95,000	$	-	
11/1/43	$	3,580,000	$	-	$	85,025	$	600,025	
5/1/44	$	3,580,000	$	440,000	$	85,025	$	-	
11/1/44	$	3,140,000	$	-	$	74,575	$	599,600	
5/1/45	$	3,140,000	$	465,000	$	74,575	$	-	
11/1/45	$	2,675,000	$	-	$	63,531	$	603,106	
5/1/46	$	2,675,000	$	485,000	$	63,531	$	-	
11/1/46	$	2,190,000	$	-	$	52,013	$	600,544	
5/1/47	$	2,190,000	$	510,000	$	52,013	$	-	
11/1/47	$	1,680,000	$	-	$	39,900	$	601,913	
5/1/48	$	1,680,000	$	535,000	$	39,900	$	-	
11/1/48	$	1,145,000	$	-	$	27,194	$	602,094	
5/1/49	$	1,145,000	$	560,000	$	27,194	$	-	
11/1/49	$	585,000	$	-	$	13,894	$	601,088	
5/1/50	$	585,000	$	585,000	$	13,894	$	598,894	
Totals			$	9,765,000	$	8,483,625	$	18,248,625	

11

Rhodine Road North

COMMUNITY DEVELOPMENT DISTRICT

Proposed Budget

Capital Reserve Fund

	Adopted	Actual	Projected	Projected	Proposed	
	Budget	Thru	Next	Thru	Budget	
	FY2020	6/30/20	3 Months	9/30/20	FY2021	
Revenues						
Interest Income	$0	$0	$0	$0	$0	
Total Revenues	$0	$0	$0	$0	$0	
Expenses						
Capital Outlay	$0	$0	$0	$0	$0	
Total Expenditures	$0	$0	$0	$0	$0	
Other Financing Sources						
Transfer In (Out)	$0	$0	$0	$0	$5,000	
Total Other Financing Sources (Uses)	$0	$0	$0	$0	$5,000	
Excess Revenues/(Expenditures)	$0	$0	$0	$0	$5,000	

12

SECTION B

SECTION

1

RESOLUTION 2020-11

A RESOLUTION OF THE BOARD OF SUPERVISORS OF RHODINE

ROAD NORTH COMMUNITY DEVELOPMENT DISTRICT MAKING A
DETERMINATION	OF	BENEFIT	AND	IMPOSING	SPECIAL
ASSESSMENTS FOR FISCAL YEAR 2020/2021; PROVIDING FOR THE
COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS;
CERTIFYING	AN	ASSESSMENT	ROLL;	PROVIDING	FOR
AMENDMENTS  TO  THE  ASSESSMENT  ROLL;  PROVIDING  A
SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

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

WHEREAS, the District is located in Hillsborough County, Florida (“County”); and

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

WHEREAS, the Board of Supervisors (“Board”) of the District hereby determines to undertake various operations and maintenance and other activities described in the District’s budget (“Adopted Budget”) for the fiscal year beginning October 1, 2020 and ending September 30, 2021 (“Fiscal Year 2020/2021”), attached hereto as Exhibit “A” and incorporated by reference herein; and

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

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

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

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

WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect for Fiscal Year 2020/2021; and

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

WHEREAS, it is in the best interests of the District to adopt the Assessment Roll of the Rhodine Road North Community Development District (“Assessment Roll”) attached to this Resolution as Exhibit “B” and incorporated as a material part of this Resolution by this reference, and to certify the Assessment Roll to the County Tax Collector pursuant to the Uniform Method; and

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

NOW,  THEREFORE,  BE  IT  RESOLVED  BY  THE  BOARD  OF

SUPERVISORS OF THE RHODINE ROAD NORTH COMMUNITY
DEVELOPMENT DISTRICT:

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

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

SECTION 3. COLLECTION. The collection of the operation and maintenance special assessments and previously levied debt service assessments shall be at the same time and in the same manner as County taxes in accordance with the Uniform Method, as indicated on Exhibits “A” and “B.” The decision to collect special assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.

SECTION 4. ASSESSMENT ROLL. The Assessment Roll, attached to this Resolution as Exhibit “B,” is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County taxes. The proceeds therefrom shall be paid to the District.

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

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

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

PASSED AND ADOPTED this 5th day of August, 2020.

ATTEST:

RHODINE ROAD NORTH COMMUNITY

DEVELOPMENT DISTRICT

_____________________________ Secretary / Assistant Secretary

Chairperson, Board of Supervisors

Exhibit A:

Exhibit B:

Budget

Assessment Roll

•	•	•	•	•	•	•	•	•	•	•	•

•• •••••••

Rhodine Road North

Community Development District

Proposed Budget

FY 2021

•	•	•	•	•	•	•	•	•	•	•	•	•	•	•

	Table of Contents	
1-2	General Fund	
3-8	General Fund Narrative	
9	Series 2019 Debt Service Fund	
10-11	Series 2019 Amortization Schedule	
12	Capital Reserve Fund	

Rhodine Road North

Community Development District

Proposed Budget

General Fund

	Adopted	Actuals	Projected	Total	Proposed	
	Budget	Thru	Next	Thru	Budget	
Description	FY2020	6/30/20	3 Months	9/30/20	FY2021	
Revenues						
Assessments	$0	$0	$0	$0	$282,705	
Developer Contributions	$225,562	$60,000	$85,508	$145,508	$57,673	
Boundary Amendment Contributions	$0	$1,585	$0	$1,585	$0	
Total Revenues	$225,562	$61,585	$85,508	$147,093	$340,378	
Expenditures						
Administrative						
Supervisor Fees	$12,000	$3,400	$3,000	$6,400	$12,000	
Engineering	$20,000	$891	$5,000	$5,891	$20,000	
Attorney	$25,000	$11,479	$13,521	$25,000	$25,000	
Annual Audit	$3,000	$3,000	$0	$3,000	$4,400	
Assessment Administration	$5,000	$0	$0	$0	$5,000	
Arbitrage	$650	$0	$650	$650	$900	
Dissemination	$5,000	$4,250	$750	$5,000	$6,000	
Trustee Fees	$3,500	$0	$3,500	$3,500	$7,000	
Management Fees	$35,000	$26,250	$8,750	$35,000	$35,000	
Information Technology	$2,350	$675	$1,675	$2,350	$2,500	
Telephone	$250	$10	$63	$73	$250	
Postage & Delivery	$850	$108	$213	$320	$850	
Insurance	$5,500	$5,125	$0	$5,125	$5,700	
Printing & Binding	$850	$295	$213	$508	$850	
Legal Advertising	$10,000	$7,232	$2,768	$10,000	$10,000	
Other Current Charges	$2,500	$1,363	$1,137	$2,500	$2,500	
Boundary Amendment Expenses	$0	$1,585	$0	$1,585	$0	
Office Supplies	$500	$14	$125	$139	$500	
Travel Per Diem	$550	$0	$138	$138	$550	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
Total Administrative	$132,675	$65,851	$41,501	$107,353	$139,175	

1

Rhodine Road North

Community Development District

Proposed Budget

General Fund

	Adopted	Actuals	Projected	Total	Proposed	
	Budget	Thru	Next	Thru	Budget	
Description	FY2020	6/30/20	3 Months	9/30/20	FY2021	
Operations & Maintenance						
Field Expenses						
Property Insurance	$5,000	$0	$1,250	$1,250	$5,000	
Field Management	$0	$0	$1,875	$1,875	$12,500	
Landscape Maintenance	$39,200	$5,000	$17,988	$22,988	$71,950	
Landscape Replacement	$7,500	$0	$1,250	$1,250	$5,000	
Fertilization	$8,000	$0	$0	$0	$0	
Lake Maintenance	$0	$0	$2,295	$2,295	$9,180	
Fountain Maintenance	$0	$0	$625	$625	$2,500	
Streetlights	$10,000	$0	$3,750	$3,750	$15,000	
Electric	$0	$333	$625	$958	$2,500	
Water & Sewer	$0	$0	$250	$250	$1,000	
Sidewalk & Asphalt Maintenance	$0	$0	$125	$125	$500	
Irrigation Repairs	$0	$0	$1,250	$1,250	$5,000	
General Repairs & Maintenance	$2,000	$0	$1,250	$1,250	$5,000	
Contingency	$15,000	$0	$1,875	$1,875	$7,500	
Subtotal Field Expenses	$86,700	$5,333	$34,408	$39,740	$142,630	
Amenity Expenses						
Amenity - Electric	$2,000	$0	$0	$0	$9,600	
Amenity - Water	$600	$0	$0	$0	$2,560	
Playground Lease	$0	$0	$0	$0	$7,000	
Internet	$0	$0	$0	$0	$600	
Pest Control	$120	$0	$0	$0	$480	
Janitorial Services	$800	$0	$0	$0	$8,000	
Security Services	$0	$0	$0	$0	$6,667	
Pool Maintenance	$2,667	$0	$0	$0	$13,000	
Amenity Repairs & Maintenance	$0	$0	$0	$0	$667	
Contingency	$0	$0	$0	$0	$5,000	
Subtotal Amenity Expenses	$6,187	$0	$0	$0	$53,573	
Total Operations & Maintenance	$92,887	$5,333	$34,408	$39,740	$196,203	
Other Expenses						
Capital Reserves	$0	$0	$0	$0	$5,000	
Total Other Expenses	$0	$0	$0	$0	$5,000	
Total Expenditures	$225,562	$71,184	$75,909	$147,093	$340,378	
Excess Revenues/(Expenditures)	($0)	($9,599)	$9,599	$0	$0	
			Net Assessments		$282,705	
			Add: Discounts & Collections 6%	$18,045	
			Gross Assessments		$300,750	
			Assessable Units		401	
			Per Unit Gross Assessment	$750.00	

2

Rhodine Road North

Community Development District
GENERAL FUND BUDGET

REVENUES:

Assessments

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

Developer Contributions

The District will enter into a Funding Agreement with the Developer to fund the General Fund expenditures for the Fiscal Year that are not covered by assessments collected.

EXPENDITURES:

Administrative:

Supervisor Fees

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

Engineering

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

Attorney

The District's legal counsel will be providing general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit

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

Assessment Administration

The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

3

Rhodine Road North

Community Development District
GENERAL FUND BUDGET

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its bonds. This cost is based upon the Series 2019 bond series and an additional bond series expected to close during the fiscal year.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This cost is based upon the Series 2019 bond series and an additional bond series expected to close during the fiscal year.

Trustee Fees

The District will incur trustee related costs with the issuance of bonds. This cost is based upon the Series 2019 bond series and an additional bond series expected to close during the fiscal year.

Management Fees

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

Information Technology

Represents costs related to the District’s accounting and information systems, District’s website creation and maintenance, hosting, electronic compliance with Florida Statutes and other electronic data requirements.

Telephone

Telephone and fax machine.

Postage & Delivery

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance insurance coverages.

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

4

Rhodine Road North

Community Development District
GENERAL FUND BUDGET

Legal Advertising

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

Other Current Charges

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

Office Supplies

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

Travel Per Diem

The Board of Supervisors can be reimbursed for travel expenditures related to the conducting of District business.

Dues, Licenses & Subscriptions

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

Operations & Maintenance:

Field Expenses

Property Insurance

The District’s property insurance coverages.

Field Management

The District has contracted with Governmental Management Services – Central Florida, LLC to provide onsite field management of contracts for the District such as landscape and lake maintenance. Services can include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails. Services are provided at a cost of $15,000 annually but are being billed at half the rate monthly until amenities are turned over to the District. Amenities are estimated to be turned over as of February 2021.

5

Rhodine Road North

Community Development District
GENERAL FUND BUDGET

Landscape Maintenance

The District has a contract with Cardinal Landscaping Services of Tampa, Inc. to maintain the landscaping located within the District. These services include monthly landscape maintenance such as mowing of turf areas, edging, debris removal, pruning and trimming, plant bed weed control, fertilization and irrigation inspections. The annual amount is based upon the following:

Description	Monthly	Annually	
Landscape Maintenance	$5,996	$71,950	
Total		$71,950	

Landscape Replacement

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

Lake Maintenance

The District has a contract with Remson Aquatics Limited Liability Company to maintain the lakes located within the District. These services involve monthly aquatic weed control. The annual amount is based upon the following:

Description	Monthly	Annually	
Lake Maintenance	$765	$9,180	
Total		$9.180	

Fountain Maintenance

Represents the estimated costs related to the maintenance of the fountains located at the District’s lakes.

Streetlights

Represents the cost to maintain street lights within the District Boundaries that are expected to be in place throughout the fiscal year.

Electric

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

Water & Sewer

Represents current and estimated costs for water and refuse services provided for common areas throughout the District.

6

Rhodine Road North

Community Development District
GENERAL FUND BUDGET

Sidewalk & Asphalt Maintenance

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

Irrigation Repairs

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

General Repairs & Maintenance

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

Contingency

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

Amenity Expenses

Amenity - Electric

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

Amenity – Water

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

Playground Lease

Represents the estimated cost of the District leasing playground equipment for the fiscal year.

Internet

Internet service will be added for use at the Amenity Center.

Pest Control

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

Janitorial Services

Represents estimated costs to provide janitorial services and supplies for the District’s amenity facilities.

7

Rhodine Road North

Community Development District
GENERAL FUND BUDGET

Security Services

Represents the estimated cost of contracting a monthly security service for the District’s amenity facilities.

Pool Maintenance

Represents estimated costs of regular cleaning and treatments of the District’s pool.

Amenity Repairs & Maintenance

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

Contingency

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

Other Expenses:

Capital Reserves

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

8

Rhodine Road North

COMMUNITY DEVELOPMENT DISTRICT

Proposed Budget

Debt Service Fund

Series 2019

	Adopted	Actual	Projected	Projected	Proposed	
	Budget	Thru	Next	Thru	Budget	
	FY2020	6/30/20	3 Months	9/30/20	FY2021	
Revenues						
Special Assessments	$224,250	$0	$224,250	$224,250	$618,188	
Prepayments	$0	$20,486	$0	$20,486	$0	
Interest Income	$0	$6,468	$15	$6,483	$0	
Carry Forward Surplus	$377,949	$395,776  *	$0	$395,776	$258,188	
Total Revenues	$602,199	$422,729	$224,265	$646,994	$876,375	
Expenses						
Interest - 11/1	$153,238	$153,238	$0	$153,238	$219,019	
Principal - 5/1	$0	$0	$0	$0	$165,000	
Interest - 5/1	$224,250	$224,250	$0	$224,250	$219,019	
Special Call - 8/1	$0	$0	$235,000	$235,000	$0	
Total Expenditures	$377,488	$377,488	$235,000	$612,488	$603,038	
Other Financing Sources						
Transfer In (Out)	$0	$223,681	$0	$223,681	$0	
Total Other Financing Sources (Uses)	$0	$223,681	$0	$223,681	$0	
Excess Revenues/(Expenditures)	$224,712	$268,923	($10,735)	$258,188	$273,338	
*Represents carry forward less reserve requirement of $603,162.50			Interest - 11/1/2021	$216,131	
				Total	$216,131	

9

Rhodine Road North Community Development District Series 2019, Special Assessment Bonds (Combined)

Amortization Schedule

Date		Balance		Principal		Interest		Annual	
11/1/20	$	9,765,000	$	-	$	219,019	$	219,019	
5/1/21	$	9,765,000	$	165,000	$	219,019	$	-	
11/1/21	$	9,600,000	$	-	$	216,131	$	600,150	
5/1/22	$	9,600,000	$	170,000	$	216,131	$	-	
11/1/22	$	9,430,000	$	-	$	213,156	$	599,288	
5/1/23	$	9,430,000	$	180,000	$	213,156	$	-	
11/1/23	$	9,250,000	$	-	$	210,006	$	603,163	
5/1/24	$	9,065,000	$	185,000	$	210,006	$	-	
11/1/24	$	9,065,000	$	-	$	206,769	$	601,775	
5/1/25	$	9,065,000	$	190,000	$	206,769	$	-	
11/1/25	$	8,875,000	$	-	$	202,969	$	599,738	
5/1/26	$	8,875,000	$	200,000	$	202,969	$	-	
11/1/26	$	8,675,000	$	-	$	198,969	$	601,938	
5/1/27	$	8,675,000	$	205,000	$	198,969	$	-	
11/1/27	$	8,470,000	$	-	$	194,869	$	598,838	
5/1/28	$	8,470,000	$	215,000	$	194,869	$	-	
11/1/28	$	8,255,000	$	-	$	190,569	$	600,438	
5/1/29	$	7,795,000	$	225,000	$	190,569	$	-	
11/1/29	$	7,795,000	$	-	$	186,069	$	601,638	
5/1/30	$	7,795,000	$	235,000	$	186,069	$	-	
11/1/30	$	7,795,000	$	-	$	181,369	$	602,438	
5/1/31	$	7,795,000	$	245,000	$	181,369	$	-	
11/1/31	$	7,550,000	$	-	$	175,856	$	602,225	
5/1/32	$	7,550,000	$	255,000	$	175,856	$	-	
11/1/32	$	7,295,000	$	-	$	170,119	$	600,975	
5/1/33	$	7,295,000	$	265,000	$	170,119	$	-	
11/1/33	$	7,030,000	$	-	$	164,156	$	599,275	
5/1/34	$	7,030,000	$	280,000	$	164,156	$	-	
11/1/34	$	6,750,000	$	-	$	157,856	$	602,013	
5/1/35	$	6,750,000	$	290,000	$	157,856	$	-	
11/1/35	$	6,460,000	$	-	$	151,331	$	599,188	
5/1/36	$	6,460,000	$	305,000	$	151,331	$	-	
11/1/36	$	6,155,000	$	-	$	144,469	$	600,800	
5/1/37	$	6,155,000	$	320,000	$	144,469	$	-	
11/1/37	$	5,835,000	$	-	$	137,269	$	601,738	
5/1/38	$	5,835,000	$	335,000	$	137,269	$	-	

10

Rhodine Road North Community Development District Series 2019, Special Assessment Bonds (Combined)

Amortization Schedule

Date		Balance		Principal		Interest		Annual	
11/1/38	$	5,500,000	$	-	$	129,731	$	602,000	
5/1/39	$	5,500,000	$	350,000	$	129,731	$	-	
11/1/39	$	4,785,000	$	-	$	121,856	$	601,588	
5/1/40	$	4,785,000	$	365,000	$	121,856	$	-	
11/1/40	$	4,785,000	$	-	$	113,644	$	600,500	
5/1/41	$	4,785,000	$	385,000	$	113,644	$	-	
11/1/41	$	4,400,000	$	-	$	104,500	$	603,144	
5/1/42	$	4,400,000	$	400,000	$	104,500	$	-	
11/1/42	$	4,000,000	$	-	$	95,000	$	599,500	
5/1/43	$	4,000,000	$	420,000	$	95,000	$	-	
11/1/43	$	3,580,000	$	-	$	85,025	$	600,025	
5/1/44	$	3,580,000	$	440,000	$	85,025	$	-	
11/1/44	$	3,140,000	$	-	$	74,575	$	599,600	
5/1/45	$	3,140,000	$	465,000	$	74,575	$	-	
11/1/45	$	2,675,000	$	-	$	63,531	$	603,106	
5/1/46	$	2,675,000	$	485,000	$	63,531	$	-	
11/1/46	$	2,190,000	$	-	$	52,013	$	600,544	
5/1/47	$	2,190,000	$	510,000	$	52,013	$	-	
11/1/47	$	1,680,000	$	-	$	39,900	$	601,913	
5/1/48	$	1,680,000	$	535,000	$	39,900	$	-	
11/1/48	$	1,145,000	$	-	$	27,194	$	602,094	
5/1/49	$	1,145,000	$	560,000	$	27,194	$	-	
11/1/49	$	585,000	$	-	$	13,894	$	601,088	
5/1/50	$	585,000	$	585,000	$	13,894	$	598,894	
Totals			$	9,765,000	$	8,483,625	$	18,248,625	

11

Rhodine Road North

COMMUNITY DEVELOPMENT DISTRICT

Proposed Budget

Capital Reserve Fund

	Adopted	Actual	Projected	Projected	Proposed	
	Budget	Thru	Next	Thru	Budget	
	FY2020	6/30/20	3 Months	9/30/20	FY2021	
Revenues						
Interest Income	$0	$0	$0	$0	$0	
Total Revenues	$0	$0	$0	$0	$0	
Expenses						
Capital Outlay	$0	$0	$0	$0	$0	
Total Expenditures	$0	$0	$0	$0	$0	
Other Financing Sources						
Transfer In (Out)	$0	$0	$0	$0	$5,000	
Total Other Financing Sources (Uses)	$0	$0	$0	$0	$5,000	
Excess Revenues/(Expenditures)	$0	$0	$0	$0	$5,000	

12

SECTION V

RESOLUTION 2020-12

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE RHODINE ROAD NORTH COMMUNITY DEVELOPMENT DISTRICT ADOPTING THE ANNUAL MEETING SCHEDULE FOR FISCAL YEAR 2020-2021;

AND PROVIDING FOR AN EFFECTIVE DATE

WHEREAS, the Rhodine Road North Community Development District (the “District”) is a local unit of special -purpose government created and existing pursuant to Chapter 190, Florida Statutes, and situated entirely within Hillsborough County, Florida; and

WHEREAS, the District is required by Section 189.015, Florida Statutes, to file quarterly, semi-annually, or annually a schedule (including date, time, and location) of its regular meetings with local governing authorities; and

WHEREAS, further, in accordance with the above-referenced statute, the District shall also publish quarterly, semi-annually, or annually the District’s regular meeting schedule in a newspaper of general paid circulation in the county in which the District is located; and

WHEREAS, the Board desires to adopt the Fiscal Year 2020-2021 annual meeting schedule attached as Exhibit A.

NOW THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE RHODINE ROAD NORTH COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. The Fiscal Year 2020-2021 annual meeting schedule attached hereto and incorporated by reference herein as Exhibit A is hereby approved and shall be published in accordance with the requirements of Florida law and also provided to applicable governing authorities.

SECTION 2.	This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED this 5th day of August 2020.

ATTEST:	RHODINE ROAD NORTH

COMMUNITY DEVELOPMENT
DISTRICT

________________________________	____________________________________

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A:	Fiscal Year 2020-2021 Annual Meeting Schedule

Exhibit A

BOARD OF SUPERVISORS MEETING DATES RHODINE ROAD NORTH COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2020-2021

The Board of Supervisors of the Rhodine Road North Community Development District will hold their regular meetings for Fiscal Year 2021 at the Holiday Inn Express & Suites, 2102 N. Park Rd., Plant City, FL 33563 at 11:30 a.m. on the 1st Wednesday of each month, unless otherwise indicated as follows:

October 7, 2020

November 4, 2020
December 2, 2020
January 6, 2021
February 3, 2021
March 3, 2021
April 7, 2021
May 5, 2021
June 2, 2021
July 7, 2021
August 4, 2021
September 1, 2021

The meetings are open to the public and will be conducted in accordance with the provision of Florida Law for Community Development Districts. The meetings may be continued to a date, time, and place to be specified on the record at the meeting. A copy of the agenda for these meetings may be obtained from Governmental Management Services – Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801 or by calling (407) 841-5524.

There may be occasions when one or more Supervisors or staff will participate by telephone. Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Office at (407) 841-5524 at least 48 hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Office.

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

District Manager

·	SECTION VI

SECTI--O

-C

Rhodine Road North CDD

Field Management Report

Ongoing Services

Site is still in very early stages.

Performing regular drive throughs of the property to ensure CDD areas are being maintained. Ongoing monitoring of CDD areas for any damages due to construction.

Maintenance Items

No maintenance items at this time.

Mowing contractor is performing satisfactorily as is lake maintenance contractor.
Assessed report from lake maintenance contractor.

RHODINE ROAD NORTH CDD | GMS 2020	1	

Conclusion

For any questions or comments regarding the above information, please contact me by phone at 407-201-1514, or by email at csmith@gmscfl.com. Thank you.

Respectfully,

Clayton Smith

RHODINE ROAD NORTH CDD | GMS 2020	2	

SECTION D

SECTION

1

Rhodine Road North

Community Development District

Summary of Checks

June 21, 2020 to July 27, 2020

Bank	Date	Check No.'s		Amount	
General Fund	6/24/20	88	$	750.00	
	7/2/20	89-90	$	706.00	
	7/13/20	91	$	26.01	
	7/17/20	92	$	552,520.79	
			$	554,002.80	
			$	554,002.80	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER

RUN

7/28/20

PAGE

1

*** CHECK DATES 06/21/2020 - 07/27/2020 ***	RHODINE ROAD NORTH - GENERAL
BANK A RHODINE ROAD NORTH

CHECK DATE

VEND#

.....INVOICE..... ...EXPENSED TO... DATE INVOICE YRMO DPT ACCT# SUB

SUBCLASS

VENDOR NAME

STATUS

AMOUNT

....CHECK.....
AMOUNT	#

6/24/20 00010

3/24/20 25	202003 310-51300-31300

*

750.00

DISSEMINATION/OCT19-MAR20
GOVERNMENTAL MANAGEMENT SERVICES	750.00 000088

------------------------------------------------------------------
7/02/20 00014   5/31/20 020259	202005 310-51300-31100	*	117.50	
CDD MEETING			
	ABSOLUTE ENGINEERING, INC.		117.50 000089	
------------------------------------------------------------------
7/02/20 00008   6/17/20 89828	202006 310-51300-48000	*	588.50	
NOT OF MEETING 06/17/20			
	TIMES PUBLISHING COMPANY		588.50 000090	
------------------------------------------------------------------
7/13/20 00015	6/18/20 22100782 202006 320-53800-43000	*	26.01	
	11630 RHODINE RD RIVERVIE			
	TECO TAMPA ELECTRIC		26.01 000091	
------------------------------------------------------------------
7/17/20 00019	7/17/20 071720	202007 300-20700-10100	*	552,520.79	
	SERIES 2019 FUNDING REQ 2			
		RHODINE ROAD NORTH CDD C/O USBANK		552,520.79 000092	
------------------------------------------------------------------

TOTAL	FOR	BANK A	554,002.80	
TOTAL	FOR	REGISTER	554,002.80	

RRNC RHODINE ROAD N IAGUILAR

.

SECTION

.	.

2

•  •  •  •  •  •            •  •  •  •  •  •

•• •••••  ••

RHODINE ROAD NORTH

Community Development District

Unaudited Financial Reporting

June 30, 2020

•   •	•	•   •	•	•   •	•  •   •	•   •	•	•

	Table of Contents	
1	Balance Sheet	
2	General Fund Income Statement	
3	Debt Service Fund Income Statement	
4	Capital Projects Fund Income Statement	
5-6	Month to Month	
7	Developer Contribution Schedule	
8	Long Term Debt Report	
9-11	Series 2019 Construction Schedule	

RHODINE ROAD NORTH

COMMUNITY DEVELOPMENT DISTRICT

BALANCE SHEET

June 30, 2020
....	Fund		.I	....__I	Fund	I	....__I	Fund	I	....__I_	
	General		Debt Service	Capital Projects	Totals	
										FY20	
ASSETS:											
CASH											
OPERATING ACCOUNT		$4,956			---			---	$4,956	
SERIES 2019											
RESERVE			---		$604,119			---	$604,119	
REVENUE			---		$24,908			---	$24,908	
INTEREST			---			$3,502			---	$3,502	
PREPAYMENT			---		$239,557			---	$239,557	
CONSTRUCTION			---			---			$326	$326	
DUE FROM DEVELOPER	$21,039			---		$552,521	$573,559	
TOTAL ASSETS	$25,994		$872,085		$552,847	$1,450,926	
LIABILITIES:											
ACCOUNTS PAYABLE	$17,430			---			---	$17,430	
DUE TO DEVELOPER		$4,777			---			---	$4,777	
RETAINAGE PAYABLE			---			---		$149,016	$149,016	
FUND EQUITY:											
FUND BALANCES:											
UNASSIGNED		$3,787			---			---	$3,787	
RESERVED FOR DEBT SERVICE			---		$872,085			---	$872,085	
RESERVED FOR CAPITAL PROJECTS			---			---		$403,831	$403,831	
TOTAL LIABILITIES & FUND EQUITY	$25,994		$872,085		$552,847	$1,450,926	

1

RHODINE ROAD NORTH

COMMUNITY DEVELOPMENT DISTRICT

GENERAL FUND

Statement of Revenues & Expenditures

For The Period Ending June 30, 2020

	ADOPTED	PRORATED BUDGET	ACTUAL			
REVENUES:	BUDGET	THRU 06/30/20	THRU 06/30/20	VARIANCE		
						
DEVELOPER CONTRIBUTIONS	$225,562	$60,000	$60,000	$0		
BOUNDARY AMENDMENT CONTRIBUTIONS	$0	$0	$1,585	$1,585		
TOTAL REVENUES	$225,562	$60,000	$61,585	$1,585		
EXPENDITURES:						
ADMINISTRATIVE:						
SUPERVISORS FEES	$12,000	$9,000	$3,400	$5,600		
ENGINEERING	$20,000	$15,000	$891	$14,109		
ATTORNEY	$25,000	$18,750	$11,479	$7,271		
ANNUAL AUDIT	$3,000	$3,000	$3,000	$0		
ASSESSMENT ADMINISTRATION	$5,000	$0	$0	$0		
ARBITRAGE	$650	$0	$0	$0		
DISSEMINATION	$5,000	$3,750	$4,250	($500)		
TRUSTEE FEES	$3,500	$0	$0	$0		
MANAGEMENT FEES	$35,000	$26,250	$26,250	($0)		
INFORMATION TECHNOLOGY	$2,350	$1,763	$675	$1,088		
TELEPHONE	$250	$188	$10	$177		
POSTAGE & DELIVERY	$850	$638	$108	$530		
INSURANCE	$5,500	$5,500	$5,125	$375		
PRINTING & BINDING	$850	$638	$295	$342		
LEGAL ADVERTISING	$10,000	$7,500	$7,232	$268		
OTHER CURRENT CHARGES	$2,500	$1,875	$1,363	$512		
BOUNDARY AMENDMENT EXPENSES	$0	$0	$1,585	($1,585)		
OFFICE SUPPLLIES	$500	$375	$14	$361		
TRAVEL PER DIEM	$550	$413	$0	$413		
DUES, LICENSES, & SUBSCRIPTIONS	$175	$175	$175	$0		
TOTAL ADMINISTRATIVE:	$132,675	$94,813	$65,851	$28,961		
OPERATIONS & MAINTENANCE:						
PROPERTY INSURANCE	$5,000	$5,000	$0	$5,000		
LANDSCAPE MAINTENANCE	$39,200	$29,400	$5,000	$24,400		
LANDSCAPE REPLACEMENT	$7,500	$5,625	$0	$5,625		
FERTILIZATION	$8,000	$6,000	$0	$6,000		
PEST CONTROL	$120	$90	$0	$90		
JANITORIAL SERVICE	$800	$600	$0	$600		
POOL MAINTENANCE	$2,667	$2,000	$0	$2,000		
ELECTRIC	$0	$0	$333	($333)		
AMENITY - ELECTRIC	$2,000	$1,500	$0	$1,500		
AMENITY - WATER	$600	$450	$0	$450		
STREETLIGHTS	$10,000	$7,500	$0	$7,500		
GENERAL REPAIRS & MAINTENANCE	$2,000	$1,500	$0	$1,500		
CONTINGENCY	$15,000	$11,250	$0	$11,250		
TOTAL OPERATIONS & MAINTENANCE:	$92,887	$70,915	$5,333	$65,582		
TOTAL EXPENDITURES	$225,562	$165,728	$71,184	$94,543		
EXCESS REVENUES (EXPENDITURES)	$0		($9,599)			
FUND BALANCE - BEGINNING	$0		$13,386			
FUND BALANCE - ENDING	$0		$3,787			

2

RHODINE ROAD NORTH

COMMUNITY DEVELOPMENT DISTRICT

DEBT SERVICE FUND

Statement of Revenues & Expenditures

For The Period Ending June 30, 2020

	ADOPTED	PRORATED BUDGET	ACTUAL			
REVENUES:	BUDGET	THRU 06/30/20	THRU 06/30/20	VARIANCE		
						
ASSESSMENTS	$224,250	$0	$0	$0		
PREPAYMENTS	$0	$0	$20,486	$20,486		
INTEREST	$0	$0	$6,468	$6,468		
TOTAL REVENUES	$224,250	$0	$26,953	$26,953		
EXPENDITURES:						
INTEREST PAYMENT - 11/1	$153,238	$153,238	$153,238	($0)		
INTEREST PAYMENT - 5/1	$224,250	$224,250	$224,250	$0		
TOTAL EXPENDITURES	$377,488	$377,488	$377,488	($0)		
OTHER FINANCING SOURCES:						
TRANSFER IN (OUT)	$0	$0	$223,681	$223,681		
TOTAL OTHER FINANCING SOURCES (USES):	$0	$0	$223,681	$223,681		
EXCESS REVENUES (EXPENDITURES)	($153,238)		($126,853)			
FUND BALANCE - BEGINNING	$377,949		$998,938			
FUND BALANCE - ENDING	$224,712		$872,085			

3

RHODINE ROAD NORTH

COMMUNITY DEVELOPMENT DISTRICT

CAPITAL PROJECTS FUND

Statement of Revenues & Expenditures

For The Period Ending June 30, 2020

ADOPTED	PRORATED BUDGET		ACTUAL		
BUDGET	THRU 06/30/20		THRU 06/30/20	VARIANCE	
REVENUES:					
DEVELOPER CONTRIBUTIONS	$0	$0	$1,001,752	$1,001,752	
INTEREST	$0	$0	$34,156	$34,156	
TOTAL REVENUES	$0	$0	$1,035,908	$1,035,908	
EXPENDITURES:					
CAPITAL OUTLAY - CONSTRUCTION	$0	$0	$5,872,285	($5,872,285)	
TOTAL EXPENDITURES	$0	$0	$5,872,285	($5,872,285)	
OTHER FINANCING SOURCES:					
TRANSFER IN (OUT)	$0	$0	($223,681)	($223,681)	
TOTAL OTHER FINANCING SOURCES (USES):	$0	$0	($223,681)	($223,681)	
EXCESS REVENUES (EXPENDITURES)	$0		($5,060,058)		
FUND BALANCE - BEGINNING	$0		$5,463,889		
FUND BALANCE - ENDING	$0		$403,831		

4

RHODINE ROAD NORTH

Community Development District

REVENUES:	Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total		
															
DEVELOPER CONTRIBUTIONS	$0	$20,000	$4,777	$0	$20,000	$0	$0	$0	$15,223	$0	$0	$0	$60,000		
BOUNDARY AMENDMENT CONTRIBUTIONS	$0	$0	$0	$0	$546	$0	$0	$0	$1,039	$0	$0	$0	$1,585		
TOTAL REVENUES	$0	$20,000	$4,777	$0	$20,546	$0	$0	$0	$16,261	$0	$0	$0	$61,585		
EXPENDITURES:															
ADMINISTRATIVE:															
SUPERVISORS FEES	$800	$800	$0	$0	$800	$0	$0	$1,000	$0	$0	$0	$0	$3,400		
ENGINEERING	$538	$118	$0	$0	$118	$0	$0	$118	$0	$0	$0	$0	$891		
ATTORNEY	$3,659	$1,760	$565	$784	$0	$1,147	$1,174	$2,390	$0	$0	$0	$0	$11,479		
ANNUAL AUDIT	$0	$0	$0	$0	$0	$0	$0	$3,000	$0	$0	$0	$0	$3,000		
ASSESSMENT ADMINSTRATION	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0		
ARBITRAGE	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0		
DISSEMINATION	$0	$0	$0	$1,167	$292	$1,042	$417	$417	$917	$0	$0	$0	$4,250		
TRUSTEE FEES	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0		
MANAGEMENT FEES	$2,917	$2,917	$2,917	$2,917	$2,917	$2,917	$2,917	$2,917	$2,917	$0	$0	$0	$26,250		
INFORMATION TECHNOLOGY	$75	$75	$75	$75	$75	$75	$75	$75	$75	$0	$0	$0	$675		
TELEPHONE	$3	$7	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$10		
POSTAGE & DELIVERY	$22	$18	$12	$5	$6	$13	$2	$2	$29	$0	$0	$0	$108		
INSURANCE	$5,125	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$5,125		
PRINTING & BINDING	$86	$84	$48	$0	$20	$55	$1	$0	$1	$0	$0	$0	$295		
LEGAL ADVERTISING	$5,177	$249	$219	$497	$0	$419	$84	$0	$589	$0	$0	$0	$7,232		
OTHER CURRENT CHARGES	$166	$155	$155	$191	$218	$168	$155	$0	$155	$0	$0	$0	$1,363		
BOUNDARY AMENDMENT EXPENSES	$0	$391	$29	$126	$0	$1,039	$0	$0	$0	$0	$0	$0	$1,585		
OFFICE SUPPLIES	$4	$3	$0	$0	$0	$3	$0	$0	$3	$0	$0	$0	$14		
TRAVEL PER DIEM	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0		
DUES, LICENSES, & SUBSCRIPTIONS	$175	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$175		
TOTAL ADMINISTRATIVE	$18,748	$6,575	$4,019	$5,761	$4,446	$6,877	$4,823	$9,918	$4,685	$0	$0	$0	$65,851		

5

RHODINE ROAD NORTH

Community Development District

	Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	
OPERATIONS & MAINTENANCE:														
PROPERTY INSURANCE	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
LANDSCAPE MAINTENANCE	$0	$0	$0	$0	$0	$0	$0	$0	$5,000	$0	$0	$0	$5,000	
LANDSCAPE REPLACEMENT	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
FERTILIZATION	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
PEST CONTROL	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
JANITORIAL SERVICE	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
POOL MAINTENANCE	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
ELECTRIC	$0	$0	$0	$0	$0	$0	$281	$26	$26	$0	$0	$0	$333	
AMENITY - ELECTRIC	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
AMENITY - WATER	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
STREETLIGHTS	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
GENERAL REPAIRS & MAINTENANCE	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
CONTINGENCY	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
TOTAL OPERATIONS & MAINTENANCE:	$0	$0	$0	$0	$0	$0	$281	$26	$5,026	$0	$0	$0	$5,333	
TOTAL EXPENDITURES	$18,748	$6,575	$4,019	$5,761	$4,446	$6,877	$5,104	$9,944	$9,711	$0	$0	$0	$71,184	
EXCESS REVENUES/(EXPENDITURES)	($18,748)	$13,425	$758	($5,761)	$16,101	($6,877)	($5,104)	($9,944)	$6,551	$0	$0	$0	($9,599)	

6

Rhodine Road North Community Development District

Developer Contributions/Due from Developer

Funding	Prepared	Payment				Total		General		General		Over and	
Request	Date	Received	Check/Wire		Funding		Fund		Fund		(short)	
#		Date		Amount		Request	Portion (FY19)	Portion (FY20)	Balance Due	
1	12/12/18	5/1/19	$	20,000.00	$	20,000.00	$	20,000.00	$	-	$	-	
2	3/20/19	5/1/19	$	20,000.00	$	20,000.00	$	20,000.00	$	-	$	-	
3	5/15/19	9/9/19	$	20,000.00	$	20,000.00	$	20,000.00	$	-	$	-	
4	8/27/19	9/9/19	$	20,000.00	$	20,000.00	$	20,000.00	$	-	$	-	
5	9/25/19	10/15/19	$	20,000.00	$	20,000.00	$	20,000.00	$	-	$	-	
BA1-1	9/25/19	10/15/19	$	18,853.69	$	18,853.69	$	18,853.69	$	-	$	-	
BA2-1	9/25/19	10/15/19	$	4,777.01	$	4,777.01	$	4,777.01	$	-	$	-	
BA2-2	11/5/19	12/24/19	$	2,380.00	$	2,380.00	$	2,380.00	$	-	$	-	
FY20													
1	11/5/19	11/19/19	$	20,000.00	$	20,000.00	$	-	$	20,000.00	$	-	
2	2/26/20	3/10/20	$	20,000.00	$	20,000.00	$	-	$	20,000.00	$	-	
BA2-3	2/28/20	3/17/20	$	546.20	$	546.20	$	-	$	546.20	$	-	
BA2-4	6/19/20				$	1,038.50	$	-	$	1,038.50	$	1,038.50	
3	6/19/20				$	20,000.00	$	-	$	20,000.00	$	20,000.00	
Due from Developer		$	166,556.90	$	187,595.40	$	126,010.70	$	61,584.70	$	21,038.50	
Total Developer Contributions FY20							$	60,000.00			
Total Boundary Amendment Contributions FY20					$	1,584.70			
Total Contributions FY20								$	61,584.70			

7

RHODINE ROAD NORTH

Community Development District

LONG TERM DEBT REPORT

SERIES 2019, SPECIAL ASSESSMENT REVENUE BONDS

INTEREST RATE:	3.500%, 4.000%, 4.500%, 4.750%	
MATURITY DATE:	5/1/2050	
RESERVE FUND DEFINITION	MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$618,188	
RESERVE FUND BALANCE	$604,119	
BONDS OUTSTANDING - 06/28/19	$10,000,000	
CURRENT BONDS OUTSTANDING	$10,000,000	

8

RHODINE ROAD NORTH

COMMUNITY DEVELOPMENT DISTRICT

Special Assessment Revenue Bonds, Series 2019

Date	Requisition #	Contractor	Description		Requisition	
Fiscal Year 2019						
7/25/19	1	QGS Development, Inc.	Pay Application: 197195000001 - Construction through 05/31/19	$	55,168.80	
7/25/19	3	Hopping, Green & Sams	Invoice: 107696 - Prepare and finalize construction contract	$	1,825.10	
7/25/19	4	Absolute Engineering, Inc.	Invoice: 20033 - Engineering through 05/26/19	$	470.00	
7/25/19	5	Heath Construction & Management, LLC	Invoices: 147, 168, 176, 187 & 198 - Construction Management 04/01/19 to 06/15/19	$	15,000.00	
7/29/19	2	QGS Development, Inc.	Pay Application: 197195000002 - Construction through 06/30/19	$	111,826.23	
8/15/19	6	JMBI Real Estate, LLC	Reimburse construction costs paid by Developer	$	560,897.54	
8/15/19	7	Heath Construction & Management, LLC	Invoices: 222 & 233 - Construction Management 06/16/19 to 07/15/19	$	6,000.00	
8/15/19	8	Hopping, Green & Sams	Invoice: 108306 - preparation assignment of construction contracts and research of contract requirements	$	910.00	
8/15/19	9	Atlantic TNG, LLC	Construction Materials per Change Order 1	$	28,665.50	
8/20/19	10	Ridgewood, LLC	Reimburse construction costs paid by Developer	$	27,821.98	
8/20/19	11	QGS Development, Inc.	Pay Application: 197195000003 - Construction through 07/31/19	$	472,770.22	
8/20/19	12	Hopping, Green & Sams	Invoice: 108856 - legal services regarding certificates of insurance and assignment of construction funding agreement	$	290.00	
8/20/19	13	Atlantic TNG, LLC	Construction Materials per Change Order 2	$	37,054.00	
8/20/19	14	Fortiline, Inc.	Construction Materials per Change Order 3	$	105,808.34	
8/20/19	15	Atlantic TNG, LLC	Construction Materials per Change Order 4	$	25,482.00	
8/20/19	16	Ullrich's Pitcher Pump	Invoices: 106695, 106696, 106697, 106698, 106802, 106803, 106804, 106805, 106806 - Well Materials	$	22,195.00	
8/20/19	17	Absolute Engineering, Inc.	Invoices: 20066 & 20078 - Site Permitting & Construction Staking Engineering Services - July 2019	$	15,612.04	
8/27/19	18	Republic Services	Invoices: 0696-000184944 & 0696-000819251 - Constuction Removal Services	$	20,073.35	
9/6/19	19	Absolute Engineering, Inc.	Invoices: 20049 & 20059 - Site permitting and construction staking engineering costs	$	16,792.18	
9/6/19	20	Atlantic TNG, LLC	Construction Materials per Change Order 5 & 8	$	41,439.00	
9/6/19	21	Forterra Pipe & Precast, LLC	Construction Materials per Change Order 6	$	190,321.92	
9/6/19	22	Fortiline, Inc.	Construction Materials per Change Order 7	$	36,642.00	
9/6/19	23	Horner Environmental Professionals, Inc.	Invoice: 215860 - Environmental Project Services - July 2019	$	1,237.50	
9/6/19	24	Greenberg Traurig, P.A.	Invoice: 5151421 - Traid Reimbursement	$	1,042.50	
9/6/19	25	Ridgewood, LLC	Invoices: 241, 251 & 259 - Construction Management 07/16/19 to 08/31/19	$	9,000.00	
9/6/19	26	Hopping, Green & Sams	Invoice: 109405 - preparation of notice to proceed	$	326.50	
9/6/19	27	Greenland Services, LLC	Invoice: 18227 - Demolition services 06/25/19 to 07/23/19	$	49,958.16	
9/16/19	28	QGS Development, Inc.	Pay Application: 197195000004 - Construction through 08/31/19	$	382,121.84	
9/25/19	29	Atlantic TNG, LLC	Construction Materials per Change Order 9	$	3,063.00	
9/25/19	30	Forterra Pipe & Precast, LLC	Construction Materials per Change Order 10 & 11	$	50,290.16	
9/25/19	31	Fortiline, Inc.	Construction Materials per Change Order 12	$	2,911.60	
9/25/19	32	Absolute Engineering, Inc.	Invoices: 20081 & 20083 - Site Permitting & Construction Services - August 2019	$	38,056.19	

		TOTAL		$	2,331,072.65	
Fiscal Year 2019						
6/28/19		Transfer to Escrow		$	(2,235,000.00)	
7/1/19		Interest		$	1,032.26	
8/1/19		Interest		$	10,424.54	
9/1/19		Interest		$	8,169.96	
		TOTAL		$	(2,215,373.24)	
			Project (Construction) Fund at 06/28/19	$	8,585,600.00	
			Interest/Transfers thru 09/30/19	$	(2,215,373.24)	
			Requisitions Paid thru 09/30/19	$	(2,331,072.65)	
			Remaining Project (Construction) Fund	$	4,039,154.11	
Date	Requisition #	Contractor	Description		Requisition	
Fiscal Year 2020						
10/24/19	33	Ridgewood, LLC	Invoice: 268 - Construction Management 09/01/19 to 09/15/19	$	3,000.00	
10/24/19	34	QGS Development, Inc.	Pay Application: 197195000005 - Construction through 09/30/19	$	319,260.24	
10/24/19	35	Fortiline, Inc.	Construction Materials per Change Order 13	$	186,269.20	
10/24/19	36	Ridgewood, LLC	Invoice: 278 - Construction Management 09/16/19 to 09/30/19	$	3,000.00	
10/24/19	37	Fortiline, Inc.	Construction Materials per Change Order 14	$	21,413.80	
10/29/19	38	Hillsborough County BOCC	For Final Plat Submittal	$	1,120.00	
10/28/19	39	Fortiline, Inc.	Invoice: 4738984 - Construction Materials per Change Order 15	$	11,769.80	
10/28/19	40	Forterra Pipe & Precast, LLC	Invoices: 11699540, 11699643, 11699915 & 11699929 - Construction Material Purchases	$	23,288.00	
10/28/19	41	Ridgewood, LLC	Invoice: 296 - Construction Management 10/01/19 to 10/15/19	$	3,000.00	
10/29/19	42	Hillsborough County BOCC	For Construction Plan Submittal	$	5,950.00	
11/8/19	43	QGS Development, Inc.	Pay Application: 197195000006 - Construction through 10/31/19	$	614,389.54	
11/13/19	44	Ridgewood, LLC	Invoice: 306 - Construction Management 10/16/19 to 10/31/19	$	3,000.00	
11/20/19	45	Absolute Engineering, Inc.	Invoice: 020125 - Construction Staking and Platting for Oct 2019	$	53,392.23	
11/20/19	46	Absolute Engineering, Inc.	Invoice: 020124 - Site permitting and Landscape & Irrigation for Oct 2019	$	9,509.30	

9

RHODINE ROAD NORTH

COMMUNITY DEVELOPMENT DISTRICT

Special Assessment Revenue Bonds, Series 2019

Date	Requisition #	Contractor	Description		Requisition	
11/15/19	47	EPC of Hillsborough County	For Wastewater Permit - Cook Parcel	$	590.00	
11/15/19	48	Hillsborough County Health Department	For Water Permit - Cook Parcel	$	860.00	
11/15/19	49	Hillsborough County BOCC	For Engineering Fee - Cook Parcel	$	5,330.00	
11/15/19	50	Hillsborough County BOCC	For ROW Permit Fee - Cook Parcel	$	1,425.00	
11/18/19	51	Absolute Engineering, Inc.	Invoice: 20103 - Site Permitting & Rezoning Application for Sept 2019 - Cook Parcel	$	3,802.84	
11/18/19	52	Absolute Engineering, Inc.	Invoice: 20126 - Construction Administration & Reimbursable Expenses for Oct 2019 - Cook Parcel	$	956.54	
11/18/19	53	Absolute Engineering, Inc.	Invoice: 20123 - Site Permitting & Reimbursable Expenses for Oct 2019 - Cook Parcel	$	1,879.60	
11/18/19	54	Ridgewood, LLC	Reimbursement for Absolute Engineering Invoice: 20064 - Review and Filing Fees - Cook Parcel	$	11,050.00	
11/18/19	55	Ridgewood, LLC	Reimbursement for Sun Plumbing invoice 42660, South Florida Water Management App 785976 & Hillsborough Cnty Health Dep - Cook Parcel	$	4,248.25	
11/18/19	56	JMBI Real Estate, LLC	Reimbursement for Hamilton Engineering, Faulkner Engineering and Absolute Engineering - Cook Parcel	$	99,379.30	
11/22/19	57	Ridgewood, LLC	Invoice: 316 - Construction Management 11/1/19 to 11/15/19	$	3,000.00	
11/25/19	58	Forterra Pipe & Precast, LLC	Construction Materials per Change Order 17	$	2,824.00	
12/4/19	59	Horner Environmental Professionals, Inc.	Invoice: 216089 - Environmental Project Services - Sept/October 2019	$	5,672.50	
12/4/19	60	QGS Development, Inc.	Pay Application: 197195000007 - Construction through 11/30/19	$	541,963.73	
12/6/19	61	Ridgewood, LLC	Invoice: 327 - Construction Management 11/16/19 to 11/30/19	$	3,000.00	
12/2/19	62	Hillsborough County BOCC	For Plat Review - Cook Parcel	$	1,120.00	
12/17/19	63	Hopping, Green & Sams	Invoice: 111382 - Project Construction Services	$	2,747.50	
12/12/19	64	Absolute Engineering, Inc.	Invoice: 020143 - Construction Staking & Platting for November 2019 - Cook Parcel	$	13,752.60	
12/12/19	65	Absolute Engineering, Inc.	Invoice: 020142 - Construction Staking, Platting & Surveying for November 2019	$	24,848.44	
12/12/19	66	Ullrich's Pitcher Pump	Invoice: 0107799 - Ridgewood Development - Pump & Well services - Cook Parcel	$	12,950.00	
12/19/19	67	Ridgewood, LLC	Invoice: 337 - Construction Management 12/1/19 to 12/15/19	$	3,000.00	
1/20/20	68	HUB International Medwest Ltd.	Invoices: 1693529, 1693541 & 1693556 - New Business Premium	$	22,581.00	
12/30/19	69	Forterra Pipe & Precast, LLC	Construction Materials per Change Order 18	$	10,945.28	
12/30/19	70	Fortiline, Inc.	Invoices: 4814513, 4814526 & 4814543 - Construction Materials per Change Order 19	$	26,161.00	
1/14/20	71	Absolute Engineering, Inc.	Invoice: 020105 - Construction Staking, Platting & Platting Assistance for September 2019	$	2,679.99	
1/14/20	72	Faulkner Engineering Services, Inc.	Invoice: FES12119 - Field Density Tests, Lab, Tech, Observation & Clerical Services	$	9,804.00	
1/14/20	73	QGS Development, Inc.	Pay Application: 197195000008 - Construction through 12/31/19	$	893,068.06	
1/14/20	74	Ridgewood, LLC	Invoice: 346 - Construction Management 12/16/19 to 12/31/19	$	3,000.00	
1/14/20	75	Hillsborough County BOCC	For Amenity Center Plans	$	195.00	
1/21/20	76	Horner Environmental Professionals, Inc.	Invoice: 215934 - Environmental Project Services - August 2019	$	2,308.60	
1/21/20	77	Lincks & Associates, Inc.	Invoice: 50276 - Professional Traffic Engineering Services - Lincks Project # 18121	$	660.00	
1/21/20	78	Absolute Engineering, Inc.	Invoices: 020165, 020164, 020104 - Site Permintting for September 2019 & Construction Staking, Platting & Site Permitting for December 2019	$	48,908.49	
1/21/20	79	Absolute Engineering, Inc.	Invoices: 020163 & 020166 - Plotter prints, Construction staking, platting & platting assistance for December 2019 - Cook Parcel	$	17,695.45	
1/21/20	80	Fortiline, Inc.	Construction Materials per Change Order 20	$	12,599.00	
1/21/20	81	Fortiline, Inc.	Construction Materials per Change Order 21	$	15,355.00	
1/21/20	82	Ridgewood, LLC	Invoice: 353 - Construction Management 1/1/20 to 1/15/20	$	3,000.00	
1/28/20	83	Atlantic TNG, LLC	Construction Materials per Change Order 22	$	1,307.00	
1/28/20	84	Fortiline, Inc.	Construction Materials per Change Order 23	$	4,426.00	
2/25/20	85	QGS Development, Inc.	Pay Application: 197195000009 - Construction through 1/31/20	$	679,483.94	
2/25/20	86	Ridgewood, LLC	Invoice: 372 - Construction Management 2/1/20 to 2/15/20	$	3,000.00	
2/28/20	87	Hopping Green & Sams	Invoice: 112973 - Professional Services for January 2020	$	979.50	
2/28/20	88	Danielle Fence	Invoice: 4010 - 35% Deposit for Fencing	$	9,456.41	
2/28/20	89	Ridgewood, LLC	Invoice: 359 & 372 - Construction Management 1/16/20 to 2/15/20	$	6,000.00	
2/28/20	90	Absolute Engineering, Inc.	Invoice: 020179 - Reimbursable Expenses for January 2020	$	122.96	
2/28/20	91	QGS Development, Inc.	Pay Application: 1971950000010 - Construction through 2/29/20	$	1,111,869.57	
2/28/20	92	Fortiline, Inc.	Construction Materials per Change Order 25	$	105,535.00	
2/28/20	93	County Materials Corporation	Construction Materials per Change Order 24	$	71,742.59	
2/28/20	94	Absolute Engineering, Inc.	Invoice: 020181 - Construction Staking, Platting Assistance & FEMA LOMR services for January 2020	$	7,527.25	
2/28/20	95	Furr & Wegman Architects, P.A.	Invoice: 1872.03 - Construction Documents & Printing Expenses for Rhodine Amenity Center	$	857.29	
2/28/20	96	TECO	Invoice: 20200143 - Installation of 3 phase transformers	$	229,232.96	
2/28/20	97	HUB International Midwest West	Invoices: 1753755 & 1753783 - New Business Premiums	$	3,531.00	
3/12/20	98	Heath Construction & Management, LLC	Invoice: 381 - Construction Management 2/16/20 - 2/29/20	$	3,000.00	
3/16/20	99	Furr & Wegman Architects, P.A.	Invoice: 1872.04 - Permitting & Reimbursable Expenses	$	1,081.86	
3/18/20	100	Absolute Engineering, Inc.	Invoices: 020197 & 020198 (Cook Parcel) - Construction Staking, Platting & Platting Assistance for February 2020	$	26,030.24	
Paid by req # 89	101	Ridgewood, LLC	Invoice: 388 - Construction Management 3/1/20 - 3/15/20 - $3000.00	$	-	
3/26/20	102	Absolute Engineering, Inc.	Invoice: 020196 (Cook Parcel) - Rezoning Application & Description Sketches for January 2020	$	3,349.93	
3/26/20	103	Hopping Green & Sams	Invoice: 113667 - Document Reproduction Services	$	34.25	
4/14/20	104	Absolute Engineering, Inc.	Invoice: 20180 - Construction Staking, Platting Assistance & FEMA Processing for January 2020	$	55,418.05	
4/14/20	105	Ridgewood, LLC	Invoice 404 - Construction Management 03/16/20 - 03/31/20	$	3,000.00	
4/14/20	106	QGS Development, Inc.	Pay Application: 1971950000011 - Construction through 03/31/20	$	549,763.65	
4/14/20	107	Atlantic TNG, LLC	Construction Materials per Change Order 26	$	51,030.00	
4/14/20	108	Forterra Pipe & Precast, LLC	Construction Materials per Change Order 27	$	259.36	
4/14/20	109	Fortiline, Inc.	Construction Materials per Change Order 28	$	1,058.20	
4/14/20	110	County Materials Corporation	Construction Materials per Change Order 29	$	3,150.72	
5/14/20	111	HUB International Midwest West	Invoice: 1753720 - Business Premium	$	33,028.00	
5/19/20	112	National Flood Insurance Program	FEMA LOMP Applications	$	900.00	
5/19/20	113	National Flood Insurance Program	FEMA LOMP Applications	$	900.00	
5/19/20	114	Absolute Engineering, Inc.	Invoices: 20217 & 20218 - Engineering Construction Services	$	20,433.23	
5/19/20	115	Hopping, Green & Sams	Invoice: 114157 - Project Construction March 2020	$	1,444.00	
5/19/20	116	Ridgewood, LLC	Invoices: 642 & 654 - Construction Management 04/01/20 - 04/30/20	$	6,000.00	

10

RHODINE ROAD NORTH

COMMUNITY DEVELOPMENT DISTRICT

Special Assessment Revenue Bonds, Series 2019

Date	Requisition #	Contractor	Description		Requisition	
5/19/20	117	Faulkner Engineering Services, Inc.	Invoice: FES12401 - Field Density Tests, Tech, Cylinder, Management & Clerical Services	$	18,050.00	
5/19/20	118	Atlantic TNG, LLC	Construction Materials per Change Order 30	$	771.00	
5/19/20	119	Fortiline, Inc.	Construction Materials per Change Order 31	$	4,774.00	
6/12/20	120	QGS Development, Inc.	Pay Application: 1971950000012 - Construction through 04/30/20	$	384,117.76	
6/12/20	121	Stewart & Associates Property Services, Inc.	Pay Application 1 & 2	$	70,545.00	
		TOTAL		$	6,544,934.00	
Fiscal Year 2020						
10/1/19		Interest		$	6,145.77	
11/1/19		Interest		$	4,872.63	
11/15/19		Transfer to Construction		$	2,030,000.00	
12/1/19		Interest		$	4,322.53	
1/1/20		Interest		$	4,364.70	
2/1/20		Interest		$	3,537.16	
2/13/20		Refund on Requisition 77		$	660.00	
3/1/20		Interest		$	2,645.83	
4/1/20		Interest		$	323.99	
5/1/20		Interest		$	1.93	
6/1/20		Interest		$	0.26	
6/11/20		Developer Funding Request		$	449,231.27	
		TOTAL		$	2,506,106.07	
			Project (Construction) Fund at 09/30/19	$	4,039,154.11	
			Interest/Transfers thru 06/30/20	$	2,506,106.07	
			Requisitions Paid thru 06 /30/20	$	(6,544,934.00)	
			Remaining Project (Construction) Fund	$	326.18	

11

SECTION 3

Requisition	Payee/Vendor		Amount	
120	QGS Development, Inc.	$	384,117.76	
121	Stewart & Associates Property Svcs, Inc.	$	70,545.00	
122	Absolute Engineering, Inc.	$	79,929.36	
123	Atlantic TNG, LLC	$	9,834.00	
124	Florida Wall Concepts, Inc.	$	56,863.96	
125	Fortline, Inc.	$	6,253.00	
126	QGS Development, Inc.	$	390,966.65	
127	Ridgewood, LLC	$	9,000.00	
	TOTAL	$	1,007,509.73