North Powerline Road Community Development District
Continued Meeting Agenda May 31, 2022

- AGE ·oA

North Powerline Road
Community Development District

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

May 24, 2022

Board of Supervisors North Powerline Road
Community Development District

Dear Board Members:

A continued meeting of the Board of Supervisors of the North Powerline Road Community Development District will be held Tuesday, May 31, 2022 at 9:30 AM at 346 East Central Ave., Winter Haven, FL 33880.

Zoom Video Link: https://us06web.zoom.us/j/89008472129
Zoom Call-In Number: 1-646-876-9923
Meeting ID: 890 0847 2129

Following is the advance agenda for the meeting:

Roll Call
Public Comment Period (1Speakers will fill out a card and submit it to the District Manager prior to the beginning of the meeting)
Consideration of Resolution 2022-08 Supplemental Assessment Resolution
Staff Reports
Attorney
Engineer
District Manager’s Report
Supervisors Requests and Audience Comments
Adjournment

1 Comments will be limited to three (3) minutes

SECTION III

RESOLUTION 2022-08

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE NORTH POWERLINE ROAD COMMUNITY DEVELOPMENT DISTRICT SETTING FORTH THE SPECIFIC TERMS OF THE DISTRICT’S SPECIAL ASSESSMENT BONDS, SERIES 2022; CONFIRMING THE DISTRICT’S PROVISION OF IMPROVEMENTS; CONFIRMING THE AMENDED AND RESTATED ENGINEER’S REPORT AND SUPPLEMENTAL ASSESSMENT METHODOLOGY REPORT; CONFIRMING, ALLOCATING AND AUTHORIZING THE COLLECTION OF SPECIAL ASSESSMENTS SECURING THE SERIES 2022 BONDS; PROVIDING FOR THE APPLICATION OF TRUE-UP PAYMENTS; PROVIDING FOR THE SUPPLEMENTATION OF THE IMPROVEMENT LIEN BOOK; PROVIDING FOR THE RECORDING OF A NOTICE OF SERIES 2022 SPECIAL ASSESSMENTS; PROVIDING FOR CONFLICTS, SEVERABILITY AND AN EFFECTIVE DATE.

WHEREAS, the North Powerline Road Community Development District (“District”) has previously indicated its intention to undertake, install, establish, construct or acquire certain public improvements and to finance such public improvements through the imposition of special assessments on benefited property within the District and the issuance of bonds; and

WHEREAS, the District’s Board of Supervisors (“Board”) has previously adopted, after notices and public hearings, Resolution Nos. 2018-32 and 2020-08, relating to the imposition, levy, collection and enforcement of such special assessments; and

WHEREAS, pursuant to and consistent with the terms of Resolution Nos. 2018-32 and 2020-08, this Resolution shall set forth the terms of bonds actually issued by the District, and apply the adopted special assessment methodology to the actual scope of the project to be completed with such series of bonds and the terms of the bond issue; and

WHEREAS, on May 25, 2022, the District entered into a Bond Purchase Contract, whereby it agreed to sell $11,000,000 of its Special Assessment Bonds, Series 2022 (the “Series 2022 Bonds”); and

WHEREAS, pursuant to and consistent with Resolution Nos. 2018-32 and 2020-08, the District desires to set forth the particular terms of the sale of the Series 2022 Bonds and to confirm the liens of the levy of special assessments securing the Series 2022 Bonds.

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

SECTION 1. AUTHORITY FOR THIS RESOLUTION. This Resolution is adopted pursuant to the provisions of Florida law, including Chapters 170, 190 and 197, Florida Statutes, and Resolution Nos. 2018-32 and 2020-08.

SECTION 2.	FINDINGS.	The Board of Supervisors of the North Powerline Road Community Development District hereby finds and determines as follows:

On September 19, 2018 and March 11, 2020, the District, after due notices and public hearings, adopted Resolution Nos. 2018-32 and 2020-08 which, among other things, equalized, approved, confirmed and levied special assessments on property benefiting from the improvements authorized by the District. Each Resolution provides that as each series of bonds is issued to fund all or any portion of the District’s improvements, a supplemental resolution will be adopted to set forth the specific terms of each series of the bonds and certifying the amount of the liens of the special assessments securing any portion of the bonds, including interest, costs of issuance, the number of payments due, any True-Up amounts and the application of receipt of any True-Up proceeds.

The Engineer’s Report for Capital Improvements Third Amended and Restated, dated February 2022 (the “Engineer’s Report”), attached to this Resolution as Exhibit A, identifies and describes the presently expected components of the infrastructure improvements for Phase 3 and Phase 4 (“Series 2022 Project”), to be financed all or in part with the Series 2022 Bonds (the “Improvements”), and indicates the estimated costs of the Series 2022 Project as $12,525,000. The District hereby confirms that the Series 2022 Project serves a proper, essential and valid public purpose. The Engineer’s Report is hereby approved, adopted, and confirmed. The District ratifies its use in connection with the sale of the Series 2022 Bonds.

The Amended and Restated Master Assessment Methodology, dated January 19, 2022, as supplemented by that Supplemental Assessment Methodology – Series 2022 Assessment Area, dated May 25, 2022 (together, the “Assessment Report”), attached to this Resolution as Composite Exhibit B, applies the Assessment Report to the Improvements and the actual terms of the Series 2022 Bonds. The Assessment Report is hereby approved, adopted and confirmed. The District ratifies its use in connection with the sale of the Series 2022 Bonds.
The Series 2022 Project will specially benefit certain property within the District known as Phase 3 and Phase 4 (“Series 2022 Assessment Area”), the legal description of the assessable property therein is attached hereto as Exhibit C. It is reasonable, proper, just and right to assess the portion of the costs of the Series 2022 Project financed with the Series 2022 Bonds, the specially benefited properties within the District as set forth in Resolution Nos. 2018- 32 and 2020-08, and this Resolution.
SECTION 3. SETTING FORTH THE TERMS OF THE SERIES 2022 BONDS; CONFIRMATION OF MAXIMUM ASSESSMENT LIEN FOR SERIES 2022 BONDS. As
provided in Resolution Nos. 2018-32 and 2020-08, this Resolution is intended to set forth the terms of the Series 2022 Bonds and the final amount of the liens of the special assessments securing those bonds.

The Series 2022 Bonds, in a par amount of $11,000,000, shall bear such rates of interest and maturity as shown on Exhibit D, attached hereto. The final payment on the Series 2022 Bonds shall be due on May 1, 2052. The estimated sources and uses of funds of the Series

2022 Bonds shall be as set forth in Exhibit E. The debt service due on the Series 2022 Bonds is set forth on Exhibit F attached hereto.

The lien of the special assessments securing the Series 2022 Bonds on Series 2022 Assessment Area (the “Series 2022 Special Assessments”), shall be the principal amount due on the Series 2022 Bonds, together with accrued but unpaid interest thereon, and together with the amount by which annual assessments are grossed up to include early payment discounts required by law and costs of collection. The Series 2022 Bonds are secured solely by the Series 2022 Assessment Area Pledged Revenues (as defined in the Indenture (hereinafter defined)), which is comprised in part by the lien against Series 2022 Assessment Area.

SECTION 4. ALLOCATION OF ASSESSMENTS SECURING THE SERIES 2022 BONDS; ADDRESSING COLLECTION OF THE SAME.

The special assessments for the Series 2022 Bonds shall be allocated in accordance with Composite Exhibit B, which allocation shall initially be on an acreage basis and further allocated as lands are platted. The Supplemental Methodology is consistent with the District’s Master Methodology. The Supplemental Methodology, considered herein, reflects the actual terms of the issuance of the District’s Series 2022 Bonds. The estimated costs of collection of the special assessments for the Series 2022 Bonds are as set forth in the Supplemental Methodology.

The lien of the special assessments securing the Series 2022 Bonds includes all property within Series 2022 Assessment Area, and as such land is ultimately defined and set forth in any plats, certificates of occupancy or other designations of developable acreage.

Taking into account capitalized interest and earnings on certain funds and accounts as set forth in the Assessment Report, the District shall, for Fiscal Year 2022/2023, begin annual collection of special assessments for the Series 2022 Bonds debt service payments due starting November 1, 2022, using the methods available to it by law. Debt service payments, including semi-annual installments of interest, are reflected on Exhibit F for Series 2022 Assessment Area. The Series 2022 Bonds include an amount for capitalized interest through November 1, 2022.

The Series 2022 Special Assessments may be paid in not more than thirty (30) substantially equal consecutive annual installments of principal and interest. Series 2022 Special Assessments may be paid in full without interest at any time within thirty (30) days after the completion of the Improvements and the adoption by the Board of a resolution accepting the Improvements; provided, however, that the Board shall at any time make such adjustments by resolution, at a noticed meeting of the Board, to that payment schedule as may be necessary and in the best interests of the District to account for changes in long and short term debt as actually issued by the District. All impact fee credits received shall be applied against the outstanding indebtedness of any debt issuance that funded the improvement giving rise to the credits which application may be addressed by such resolutions. At any time subsequent to thirty (30) days after the Improvements have been completed and a resolution accepting the Improvements has been adopted by the Board, the Series 2022 Special Assessments may be prepaid in full including interest amounts to the next succeeding interest payment date or to the second

succeeding interest payment date if such a prepayment is made within forty-five (45) calendar days before an interest payment date (or such other time as set forth in the supplemental indenture for the applicable series of bonds secured by the debt assessment in question). The owner of property subject to Series 2022 Special Assessments may prepay the entire remaining balance of the Series 2022 Special Assessments at any time, or a portion of the remaining balance of the Series 2022 Special Assessments one time if there is also paid, in addition to the prepaid principal balance of the Series 2022 Special Assessments, an amount equal to the interest that would otherwise be due on such prepaid amount on the next succeeding interest payment date, or, if prepaid during the forty-five day period preceding such interest payment date, to the interest payment date following such next succeeding interest payment date (or such other time as set forth in the supplemental indenture for the applicable series of bonds secured by the debt assessment in question). Prepayment of Series 2022 Special Assessments does not entitle the property owner to any discounts for early payment.

The District hereby certifies the Series 2022 Special Assessments for collection and directs staff to take all actions necessary to meet the time and other deadlines imposed by Polk County and Florida law for collection. The District intends, to the extent possible and subject to entering into the appropriate agreements with the Polk County Tax Collector and Polk County Property Appraiser (or other appropriate Polk County, Florida officials) to collect the Series 2022 Special Assessments on platted lands contained within a plat or certificate of occupancy using the Uniform Method in Chapter 197, Florida Statutes. The District intends, to the extent possible, to directly bill, collect and enforce the Series 2022 Special Assessments on lands not included within an approved plat or certificate of occupancy unless in any year, the District determines it to be in its best interest to collect such assessments using the Uniform Method in Chapter 197, Florida Statutes. The District Manager shall prepare or cause to be prepared each year an assessment roll for purposes of effecting the collection of the Series 2022 Special Assessments and present same to the District Board as required by law. The District Manager is further directed and authorized to take all actions necessary to collect special assessments on property using methods available to the District authorized by Florida law in order to provide for the timely payment of debt service.

SECTION 5.	APPROVAL OF TRUE-UP PROCESS AND APPLICATION OF TRUE-UP PAYMENTS.

Pursuant to Resolution Nos. 2018-32 and 2020-08, there may be required from time to time certain True-Up payments. As parcels of land are included in a plat or certificate of occupancy, the special assessments securing the Series 2022 Bonds shall be allocated as set forth in Resolution Nos. 2018-32 and 2020-08, this Resolution and the Assessment Report, including, without limitation, the application of the True-Up process set forth in the Assessment Report.

Based on the final par amount of $11,000,000 in Series 2022 Bonds, the True-Up calculations will be made in accordance with the process set forth in the Assessment Report. The District shall apply all True-Up payments related to the Series 2022 Bonds only to the credit of the Series 2022 Bonds. All True-Up payments, as well as all other prepayments of assessments, shall be deposited into the accounts specified in the Supplemental Indenture.

SECTION 6. IMPROVEMENT LIEN BOOK. Immediately following the adoption of this Resolution, these special assessments as reflected herein shall be recorded by the Secretary of the Board of the District in the District’s Improvement Lien Book. The special assessment or assessments against each respective parcel shall be and shall remain a legal, valid and binding first lien on such parcel until paid and such lien shall be coequal with the lien of all state, county, district, municipal or other governmental taxes and superior in dignity to all other liens, titles, and claims.

SECTION 7. OTHER PROVISIONS REMAIN IN EFFECT.	This Resolution is
intended to supplement Resolution Nos. 2018-32 and 2020-08, both of which remain in full force and effect. This Resolution and Resolution Nos. 2018-32 and 2020-08 shall be construed to the maximum extent possible to give full force and effect to the provisions of each resolution. All District resolutions or parts thereof in actual conflict with this Resolution are, to the extent of such conflict, superseded and repealed.

SECTION 8. ASSESSMENT NOTICE. The District’s Secretary is hereby directed to record a Notice of Series 2022 Special Assessments securing the Series 2022 Bonds, in the Official Records of Polk County, Florida, or such other instrument evidencing the actions taken by the District.

SECTION 9. SEVERABILITY. If any section or part of a section of this Resolution be declared invalid or unconstitutional, the validity, force and effect of any other section or part of a section of this resolution shall not thereby be affected or impaired unless it clearly appears that such other section or part of a section of this resolution is wholly or necessarily dependent upon the section or part of a section so held to be invalid or unconstitutional.

SECTION 10. EFFECTIVE DATE. This Resolution shall become effective upon its adoption.

[Remainder of page intentionally left blank]

APPROVED AND ADOPTED this 31st day of May, 2022.

ATTEST:	NORTH POWERLINE ROAD COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A:	Engineer’s Report for Capital Improvements Third Amended and Restated, dated February 2022
Comp. Exhibit B:	Amended and Restated Master Assessment Methodology, dated January 19, 2022, as supplemented by that Supplemental Assessment Methodology
– Series 2022 Assessment Area, dated May 25, 2022 Exhibit C:	Legal Description of Series 2022 Assessment Area Exhibit D:	Maturities and Coupons of Series 2022 Bonds Exhibit E:	Sources and Uses of Funds for Series 2022 Bonds Exhibit F:	Debt Service for Series 2022 Bonds

Composite Exhibit A:

NORTH POWERLINE ROAD COMMUNITY DEVELOPMENT DISTRICT

ENGINEER’S REPORT
FOR CAPITAL IMPROVEMENTS
THIRD AMENDED AND RESTATED

Prepared for:

BOARD OF SUPERVISORS NORTH POWERLINE ROAD
COMMUNITY DEVELOPMENT DISTRICT

Prepared by:

ABSOLUTE ENGINEERING, INC. 1000 N. ASHLEY DRIVE, SUITE 925
TAMPA, FLORIDA 33602

FEBRUARY 2022

NORTH POWERLINE ROAD COMMUNITY DEVELOPMENT DISTRICT

TABLE OF CONTENTS
INTRODUCTION	1
PURPOSE AND SCOPE	2
THE DEVELOPMENT	3
THE CAPITAL IMPROVEMENTS	3
CAPITAL IMPROVEMENT PLAN COMPONENTS	4
Stormwater Management Facilities	4
Public Roadways	5
Water and Wastewater Facilities	6
Off-site Improvements	6
Amenities and Parks…	6
Electric and Lighting…	6
Entry Features…	7
Miscellaneous	7
PERMITTING	7
RECOMMENDATION.	10
REPORT MODIFICATION	10
CONCLUSION	10

LIST OF EXHIBITS

EXHIBIT 1- Location Map
EXHIBIT 2- Legal Description Existing District EXHIBIT 3- Legal Description Expansion Parcels EXHIBIT 4- Legal Description After Boundary Expansion EXHIBIT 5- Summary of Proposed District Facilities EXHIBIT 6- Summary of Opinion of Probable Costs
EXHIBIT 7- Composite Exhibit Existing and Future Land Use EXHIBIT 8- Water and Sewer Locations
EXHIBIT 9- Overall Site Plan

ENGINEER’S REPORT NORTH POWERLINE ROAD
COMMUNITY DEVELOPMENT DISTRICT

INTRODUCTION

The North Powerline Road Community Development District (the “District”) is north of North Blvd East and east of Hwy 17-92 N partially within unincorporated Polk County, (the “County”) Florida and partially within Davenport (the “City”). The District currently contains approximately 271.64 gross acres, and is expected to be constructed in Six (6) phase and consist of 1825 single family lots, recreation / amenity areas, parks, and associated infrastructure. The District previously amended its boundaries (“Boundary Amendment No. 3”) to include an additional 158.74 acres (“Expansion Parcels”) to the lands within the District. This report includes information regarding the Expansion Parcels in various exhibits.

The District was established under County Ordinance No. 18-036, as approved by the County Commission on June 5, 2018, further amended by County Ordinance 20-028 and county Ordinance 20-046 and County Ordinance 22-001. The District will own and operate the public roadways and stormwater management facilities, as well as the landscape, irrigation, signage, and recreational facilities within the development.

Public improvements and facilities financed, acquired, and/or constructed by the District will be designed and constructed to conform to regulatory criteria from the City, the County, Southwest Florida Water Management District (SWFWMD), and other applicable agencies with regulatory jurisdiction over the development. An overall estimate of probable cost of the public improvements is provided in Exhibit 6 of this report.

This “Capital Improvement Plan” or “Report” reflects the present intentions of the District and the landowners. It should be noted that the location of proposed facilities and improvements may be adjusted during the final design, permitting, and implementation phases. It should also be noted that these modifications are not expected to diminish the

benefits received by the property within the District. The District reserves the right to make reasonable adjustments to the development plan to meet applicable regulatory requirements of agencies with jurisdiction over the development, while maintaining comparable level of benefits to the lands served by the improvements. Changes and modifications are expected as changes in regulatory criteria are implemented.

Implementation of any proposed facilities or improvements outlined in this Report requires written approval from the District’s Board of Supervisors. Estimated costs outlined in this report are based on best available information, which includes but is not limited to previous experience with similar projects. Actual costs could be different than estimates because final engineering and specific field conditions may affect construction costs.

All roadway improvements including common area sidewalks in the right-of-way and storm drainage collection systems (from the curb inlets to their connection to the stormwater ponds) within the development will be maintained by the District. Water distribution and wastewater collection systems (gravity lines, force mains, and lift stations) will, upon completion, be dedicated to the City for ownership and maintenance.

PURPOSE AND SCOPE

The purpose of this Report is to provide engineering support to fund improvements in the current District and to reflect changes in the Capital Improvement Plan. Phase 1 and Phase 2 remain unchanged. This Report will identify the proposed public infrastructure to be constructed or acquired by the District along with an opinion of probable cost.

Contained within this Report is a brief description of the public infrastructure to be constructed or acquired by the District. The District will finance, construct, acquire, operate, and maintain all or specific portions of the proposed public infrastructure. An assessment methodology consultant has been retained by the District, who will develop the assessment and financing methodology to be applied using this Report. The predominant portion of this Report provides descriptions of the proposed public infrastructure improvements, determination of estimated probable construction costs, and the corresponding benefits associated with the implementation of the described improvements.

Detailed site construction plans and specifications have not yet been completed and permitted for the improvements described herein. The engineer has considered, and in specific instances has relied upon, the information and documentation prepared or supplied by others, and information that may have been provided by public entities, public employees, the landowner, site construction contractors, other engineering professionals, land surveyors, the District Board of Supervisors, and its staff and consultants.

THE DEVELOPMENT

The Development will consist of 1825 single family homes and associated infrastructure (“Development”). The Development is a planned residential community located north of South Blvd East and east of Hwy 17-92 N partially within the County and partially within the City. The Development has received zoning approval by the City and County. The property has an underlying Future Land Use Designation of RM (Residential Medium) in the City and County. It is currently anticipated that the development will be constructed in six (6) phases. Following is a summary of proposed lot sizes per phase:
	SF Lot Width	SF Lot Width	SF Lot Width	SF Lot Width	SF Lot Width	SF Lot Width	SF TOTAL	
Phase	20'	40'	50'	55'	65'	80'		
1		244		48	3		295	
2		228	44				272	
3			158			4	162	
4	300	8					308	
5	532						532	
6		164	92				256	
Total	832	644	294	48	3	4	1825	

THE CAPITAL IMPROVEMENTS

The current Capital Improvement Plan, (the “CIP”), consists of public infrastructure in phases 1-6 including stormwater pond construction, roadways, water and sewer facilities and public off-site improvements (including public turn lanes and extension of roadway, water mains and sewer mains to serve the development).

There will also be stormwater structures and conveyance culverts within the CIP which will outfall into the on-site retention ponds. These structures and pond areas comprise the overall stormwater facilities of the CIP. Installation of the water distribution and wastewater collection system will also occur at this time. Below ground installation of power, telecommunications and cable TV will occur, but will not be funded by the District. Installation of street lights within the public right of way will not be funded by the District.

As a part of the recreational component of the CIP, a public park/amenity center will be constructed adjacent to Horse Creek in Phase 1 of the existing District. The public park/amenity center will have connectivity via sidewalks to the other portions of the District. The public park/amenity center will be accessed by the public roadways and sidewalks.

CAPITAL IMPROVEMENT PLAN COMPONENTS

The system of improvements comprising the Capital Improvement Plan for the District includes the following:

Stormwater Management Facilities
Stormwater management facilities consist of storm conveyance systems and retention ponds contained within the District boundaries. Stormwater runs off via roadway curb and gutter to storm inlets. Storm culverts convey the runoff into the proposed retention ponds for water quality treatment and attenuation. The proposed stormwater systems will utilize wet retention for biological pollutant assimilation to achieve water quality treatment. The design criteria for the District’s stormwater management systems is regulated by the City, the County, and the SWFWMD. There are no known surface waters, but there are natural wetlands on or immediately adjacent to the Development.

Federal Emergency Management Agency Flood Insurance Rate Map (FEMA FIRM) Panel No. 12105C-0240G (dated 12/22/2016) demonstrates that the majority of the property is located within Flood Zone X and the remainder in Flood Zone A. Based on this information and the site topography, floodplain compensation will be required.

During the construction of stormwater management facilities, utilities and roadway improvements, the contractor will be required to adhere to a Stormwater Pollution Prevention Plan (SWPPP) as required by Florida Department of Environmental Protection (FDEP) as delegated by the Environmental Protection Agency (EPA). The SWPPP will be prepared to depict for the contractor the proposed locations of required erosion control measures and staked turbidity barriers specifically along the down gradient side of any proposed construction activity. The site contractor will be required to provide the necessary reporting on various forms associated with erosion control, its maintenance and any rainfall events that occur during construction activity.

Public Roadways
The proposed internal public roadway sections are to be 40’ and 50' R/W with 24’ of asphalt and Miami curb and gutter on both sides. The proposed roadway section will consist of stabilized subgrade, lime rock, crushed concrete or cement treated base and asphalt wearing surface. The proposed curb is to be 2' wide and placed along the edge of the proposed roadway section for purposes of protecting the integrity of the pavement and also to provide stormwater runoff conveyance to the proposed stormwater inlets. Underdrain is provided as necessary to control groundwater and protect the roadway base material. The extension of Powerline Road from 17-92 to South Boulevard is a four lane divided collector road, comprised of 110' R/W consisting of 4 travel lanes, bike lanes and sidewalks on both sides. This section includes 58’ of asphalt and Type F curb and gutter on both sides. The proposed roadway section will consist of stabilized subgrade, lime rock, crushed concrete or cement treated base and asphalt wearing surface. The proposed curb is to be 2' wide and placed along the edge of the proposed roadway section for purposes of protecting the integrity of the pavement and also to provide stormwater runoff conveyance to the proposed stormwater inlets. Underdrain is provided as necessary to control groundwater and protect the roadway base material. There is a bridge over Horse Creek connecting Phases 1 and 2.

The proposed roadways will also require signing and pavement markings within the public rights-of-way, as well as street signs depicting street name identifications, and addressing, which will be utilized by the residents and public. As stated above, the District's funding of roadway construction will occur for all public roadways.

Water and Wastewater Facilities
A potable water system inclusive of water main, gate valves, fire hydrants and appurtenances will be installed for the Development. The water service provider will be the City of Davenport Public Utilities. The water system will be a "looped" system. These facilities will be installed within the proposed public rights-of-way within the District. This water will provide the potable (domestic) and fire protection services which will serve the entire District.

A domestic wastewater collection system inclusive of gravity sanitary sewer mains and sewer laterals will be installed. The gravity sanitary sewer mains will be 8" diameter PVC. The gravity sanitary sewer lines will be placed inside of the proposed public rights-of-way, under the proposed paved roadways. Branching off from these sewer lines will be laterals to serve the individual lots. No funds provided by the District will be used to provide lines on privately held lands. A lift station is anticipated for this CIP. Flow from the lift station shall be connected to a proposed sewer manhole southwest of the site.

Reclaimed water is not available for this site. An irrigation well to be funded by the District will be installed onsite to provide irrigation within the public right of way or irrigation water service shall be provided as part of the domestic water system design. Any water, sewer, or reclaim water pipes or facilities placed on private property will not be publicly funded.

Off-Site Improvements
The District will provide funding for the anticipated roadway connections to the Development and offsite utility extensions required for the Development. The site construction activities associated with the CIP are anticipated for completion in 2023. Upon completion of these improvements, inspection/certifications will be obtained from the SWFWMD; the Polk County Health Department (water distribution system), Florida Department of Environmental Protection (FDEP) (wastewater collection) and the City/County.
Amenities and Parks

The District will provide funding for the recreational facilities including parks and an Amenity Center to include the following: parking area, pavilion with restroom facilities, pool, tot lot, dog park/all-purpose play field, and walking trails between the phases to provide connectivity to the Amenity Center. All amenities and parks provided by the District will be accessible and available for use by the general public.
Electric and Lighting
The District presently intends to fund and construct the incremental cost of undergrounding of the electric

conduit for the required electrical system. The electrical system, including conduit, transformer/cabinet pads, and electric manholes not funded by the District will be owned and maintained by DUKE, with DUKE providing underground electrical service to the Development. The purchase and installation of street lighting along internal roadways within the District will not be funded by the District. These lights will be owned, operated and maintained by DUKE after dedication, with the District funding maintenance services. All improvements funded by the District will be on land owned by, or on which a permanent easement is granted in favor of the District or other governmental entity.

Entry Feature
Landscaping, irrigation, entry features and buffer walls at the entrances and along the outside boundary of the Development will be provided by the District. The irrigation system will use an irrigation well. The well and irrigation watermains to the various phases of the development will be constructed or acquired by the District with District funds and operated and maintained by the District. Landscaping for the roadways will consist of sod, annual flowers, shrubs, ground cover and trees for the internal roadways within the District. It should be noted that the District is only funding the capital landscaping costs. Perimeter buffer fencing will be provided at the site entrances and perimeters. These items will be funded, owned and maintained by the District.
Miscellaneous
The electric distribution system throughout the District is currently planned to be underground. The stormwater improvements, landscaping and irrigation, recreational improvements, street lighting, and certain permits and professional fees as described in this report, are being financed by the District with the intention for benefiting all of the developable real property within the District. The construction and maintenance of the proposed public improvements will benefit the development for the intended use as a single-family planned development.

PERMITTING
Construction permits for all phases are required and include the SWFWMD Environmental Resource Permit (ERP), Polk County Health Department, Florida Department of Environmental Protection (FDEP), Army Corps of Engineer Permit (ACOE), and City and County construction plan approval. Following is a summary of required permits obtained and pending for the construction of the public infrastructure improvements for the District:

PHASE 1

Permits / Approvals	Approval / Expected Date	
Zoning Approval	City Ordinances 878, 946, 947,952 and 960	
Preliminary Plat	7-20-20	
SWFWMD ERP	43044217.002 and 43044217.003	
Construction Permits	200760	
Polk County Health Department Water	139102-070 & 0139102-073 DS/C	
FDEP Sewer	CS53-0232639-040-DWC/CM & CS53-0232639-048-DWC/CM	

PHASE 2

Permits / Approvals	Approval / Expected Date	
Zoning Approval	City Ordinances 878, 945, 953,954 and 960	
Preliminary Plat	7-20-20	
SWFWMD ERP	43044217.003 and 43044217.004	
Construction Permits	200975	
Polk County Health Department Water	0139102-073 DS/C & 0139102-074 DS/C	
FDEP Sewer	CS53-0232639-048-DWC/CM  &CS53-0232639-048-DWC/CM	

PHASE 3

Permits / Approvals	Approval / Expected Date	
Zoning Approval	City Ordinances 936, 937,941 and 960	
Preliminary Plat	Approved	
SWFWMD ERP	Approved	
Construction Permits	February 2022	
Polk County Health Department Water	March 2022	
FDEP Sewer	March 2022	

PHASE 4

Permits / Approvals	Approval / Expected Date	
Zoning Approval	County RMX	
Preliminary Plat	N/A	
SWFWMD ERP	February 2022	
Construction Permits	Approved	
Polk County Health Department Water	March 2022	
FDEP Sewer	March 2022	

PHASE 5

Permits / Approvals	Approval / Expected Date	
Zoning Approval	County RMX	
Preliminary Plat	June 2022	
SWFWMD ERP	June 2022	
Construction Permits	June 2022	
Polk County Health Department Water	June 2022	
FDEP Sewer	June 2022	

PHASE 6

Permits / Approvals	Approval / Expected Date	
Zoning Approval	County RMX	
Preliminary Plat	June 2022	
SWFWMD ERP	June 2022	
Construction Permits	June 2022	
Polk County Health Department Water	June 2022	
FDEP Sewer	June 2022	

RECOMMENDATION

As previously described within this report, the public infrastructure as described is necessary for the development and functional operation as required by the City and County. The site planning, engineering design and construction plans for the infrastructure are in accordance with the applicable requirements of the City, County, SWFWMD, FDEP and ACOE. It should be noted that the infrastructure will provide its intended use and function so long as the construction and installation is in substantial conformance with the design construction plans and regulatory permits.

Items utilized in the Opinion of Probable Costs for this report are based upon proposed plan infrastructure as shown on construction drawings incorporating specifications in the most current SWFWMD and the City regulations.

REPORT MODIFICATION

During development and implementation of the public infrastructure improvements as described for the District, it may be necessary to make modifications and/or deviations for the plans. However, if such deviations and/or revisions do not change the overall primary objective of the plan for such improvements, then the costs differences would not materially affect the proposed cost estimates. This report may be further amended or supplemented from time to time to provide for such changes in the development plan.

CONCLUSION

It is our professional opinion that the public infrastructure costs for the CIP provided in this Report are reasonable to complete the construction of the public infrastructure improvements. Furthermore, the public infrastructure improvements will benefit and add value to lands within the District at least equal to the costs of such improvements.

The Opinion of Probable Costs of the public infrastructure improvements is only an estimate and is not a guaranteed maximum price. The estimated costs are based upon unit prices currently experienced on an ongoing and similar basis for work in the County. However, labor market, future

costs of equipment, materials, changes to the regulatory permitting agencies activities, and the actual construction processes employed by the chosen site contractor are beyond the engineer’s control. Due to this inherent opportunity for changes (upward or downward) in the construction costs, the total, final construction cost may be more or less than this estimate.

Based upon the presumption that the CIP construction continues in a timely manner, it is our professional opinion that the proposed public infrastructure improvements when constructed and built in substantial conformance with the approved plans and specifications, can be completed and used for their intended function. Be advised that we have utilized historical costs and direct unit costs from site contractors and consultants in the City and County, which we believe to be necessary in order to facilitate accuracy associated with the Opinion of Probable Costs. Based upon the information above, it is our professional opinion that the acquisition and construction costs of the proposed CIP can be completed at the cost as stated.

CDD ADDITION
MAP ID PARCELID
21	272702713000040190
22	272702713000040210
23	272702713000040230
24	272702713000040251
25	272702713000040260
26	272710730000021201
27	272710730000022200
28	272710730000022700
29	272715739500010011

01

02

12	03

04
05

06	11
07	09 10	31	32

29	272715739500010050
30	272715740000000010
31	272702713000030191
32	272702713000030211
33	272710730000010904

08 20

13	21
15	14

22	23
24

33 16

25
CDD EXISTING

16	MAP ID PARCELID

17  18

19
19
26

01	272634000000022030
02	272634000000022020
03	272635000000044010
04	272703713500010031
05	272703000000011000
06	272703713500010200
07	272703713500010294
08	272703713500010282
09	272703713500010220

CDD

27
28
29	29
30

10	272703713500010231
11	272702713000030172
12	272634000000024120
13	272702713000040170
14	272702713000040310
15	272703713500020070
16	272710730000011202
16	272710730000010901
17	272710730000012000
18	272710730000012200
19	272710733500006011

Sources: Esri, HERE,

CDD Addition

19	272710730000020500

sri Korea, Esri (Thailand), NGCC utors, and the GIS User Commu

Garmin, USGS, Intermap, INCREMENT P, NRCan, Esri Japan, METI, Esri China (Hong Kong), E	, (c)

nity

CDD Contraction

OpenStreetMap contrib 20	272703713500010232

EXHIBIT 1
NORTH POWER LINE ROAD CDD GENERAL LOCATION MAP - EXISTING DISTRICT
0
MAP DATE: 8/30/2021	LOCATION: POLK COUNTY

¯
1,250

2,500
Feet

Absolute Engineering,Inc makes no Warranty, representation, or guaranty as to the content, sequence, accuracy,timeliness,or completeness of any of the geodata information provided herein. Service Layer Credit:ESRI,HERE,Delorme,USGS,Intermap,OpenStreetMap contributors, and the GIS community.

LEGAL DESCRIPTION:
PARCEL 1 (272634-000000-022030)
THE SOUTHEAST 1/4  OF THE SOUTHEAST 1/4  OF SECTION 34, TOWNSHIP 26 SOUTH, RANGE 27 FAST,
POU( COUNTY, FLORIDA, LESS THE SOUTH 933.34 FEET OF THE £AST 933.34 FEET THEREOF.

PARCEL 2 (272634-000000-022020)
THE SOUTH 933.34 FEET OF THE £AST 933.34 FEET OF THE SOUTHEAST 1/ 4 OF THE SOUTHEAST 1/ 4 OF SECTION 34, TOWNSHIP 26 SOUTH, RANGE 27 £AST, POLK COUNTY, FLORIDA.

PARCEL 3 (272635-000000-044010)
THE SOUTHWEST 1/ 4 OF THE SOUTHWEST 1 / 4 OF SECTION 35, TOWNSHIP 26 SOUTH, RANGE 27 FAST, POLK COUNTY, FLORIDA.

PARCEL 4 (272703-713500-010031)

FROM THE NORTHEAST CORNER OF THE NORTHWEST 1 / 4 OF THE NORTHEAST 1/ 4 OF SECTION 3, TOWNSHIP 27 SOUTH, RANGE 27 £AST, POLK COUNTY, FLORIDA, RUN WEST, ALONG THE NORTH LINE OF SAID SECT. 3, 595.8 FT., TO THE EASTERLY RIGHT OF WAY LINE OF U.S. HIGHWAY NO. 17 & 92; RUN THENCE SOUTH 12•45•30• WEST, ALONG RIGHT OF WAY, 125.0 FT.; RUN THENCE £AST, PARALLB.. TO THE NORTH LINE OF SAID SECTION 3, 625.95 FT., TO A POINT ON THE £AST LINE OF SAID NORTHWEST 1/4 RUN THENCE NORTH, ALONG SAID £AST LINE, 121.91 FT., TO POINT OF BEGINNING.

PAftCEL ,r
SUBJECT TO ANY EXISTING DEDICATIONS OF ROAD RIGHT-OF-WAYS IN FLORIDA DEVELOPMENT COMPANY'S PLAT OF SAID SECTION 3. FROM THE NORTHEAST CORNER OF THE NORTHWEST 1/4 OF THE NORTHEAST 1 / 4 OF SECTION 3, TOWNSHIP 27 SOUTH, RANGE 27 £AST, POLK COUNTY, FLORIDA. RUN WEST, ALONG THE NORTH LINE OF SAID SECTION 3, 595.8 FT., TO THE EASTERLY RIGHT OF WAY LINE OF U.S. HIGHWAY NO. 17 &: 92; RUN THENCE SOUTH 12146°30• WEST, ALONG SAID RIGHT OF WAY LINE. 125.0 FT., TO THE POINT OF BEGINNING; RUN THENCE EAST, PARALLa TO THE NORTH LINE OF SAID SECTION 3, 625.95 FT., TO A POINT ON THE EAST LINE OF SAID NORTHWEST 1/4 OF NORTHEAST 1/4; RUN THENCE SOUTH, ALONG SAID £AST LINE. 390.33 FT; RUN THENCE NORTH n•13•30• WEST, 704.65 FT., TO THE £AST RIGHT OF WAY LINE OF SAID HIGHWAY; RUN THENCE NORTH 12•45•30• £AST, 241.4 FT., TO THE POINT OF BEGINNING.

PARCEL 5 (272703-000000-011000)
THE NORTHEAST 1/4 OF THE NORTHEAST 1/4 OF SECTION 3, TOWNSHIP 27 SOUTH, RANGE 27 EAST, POLK COUNTY, FLORIDA.

PARCEL 6 (272703-713500-010200)
TRACTS 20 AND 21, LESS THE NORTH 15 FEET THEREOF FOR ROADWAY, IN THE NORTHEAST 1/4 OF SECTION 3, TOWNSHIP 27 SOUTH, RANGE 27 EAST, FLORIDA DEVELOPMENT CO. TRACT, ACCORDING TO THE MAP OR PLAT THEREOF AS RECORDED IN PLAT BOOK 3, PAGE 60, PUBLIC RECORDS OF POLK COUNTY, FLORIDA.

PARCEL 7 (272703-713500-010294)
THAT PART OF THE NORTH 1/2 OF TRACT 29 LYING NORTH OF CLAY ROAD, IN NORTHEAST 1/4 OF SECTION 3, TOWNSHIP 27 SOUTH, RANGE 27 EAST, FLORIDA DEVELOPMENT CO. TRACT, ACCORDING TO THE MAP OR PLAT THEREOF AS RECORDED IN PLAT BOOK 3, PAGE 60, PUBLIC RECORDS OF POLK COUNTY, FLORIDA.

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PARCEL 8 (272703-713500-010282)
THE SOUTH 1 /2 OF lRACT 28 IN THE NORTHEAST 1 /4 OF SECTION 03, TOWNSHIP 27 SOUTH, RANGE 27 EAST, FLORIDA DEVELOPMENT CO. SUBDMSION, ACCORDING TO THE MAP OR PLAT THEREOF /iS RECORDED IN PLAT BOOK 3, PAGE 60, PUBLIC RECORDS OF POU< COUNTY, FLORIDA

PARCEL 9 (272703-713500-010220)
lRACT 22, LESS NORTH 15 FEET AND TRACT 27 LESS SOUTH 15 FEET, FLORIDA DEVELOPMENT CO. TRACT, ACCORDING TO THE MAP OR PLAT THEREOF /iS RECORDED IN PLAT BOOK 3, PAGE 60, IN THE NORTHEAST 1/ 4 OF SECTION 3, TOWNSHIP 27 SOUTH, RANGE 27 EAST, PUBLIC RECORDS OF POU< COUNTY, FLORIDA.

PARCEL 10 (272703-713500-010231)
LOT 23, LESS THE SOUTH 100 FEET OF THE WEST 84.74 FEET THEREOF AND LESS THE NORTH 15 FEET THEREOF, LOT 24 LESS THE NORTH 15 FEET THEREOF, THE EAST 3/4 OF LOT 26 AND ALL OF LOT 25, LESS THE SOUTH 15 FEET OF SAID LOTS, ALL LYING AND BEING IN THE NORTHEAST QUARTER OF SECTION 3, TOWNSHIP 27 SOUTH, RANGE 27 EAST, POU< COUNTY, FLORIDA OF FLORIDA DEVELOPMENT CO. SUBDMSION /iS RECORDED IN PLAT BOOK 3, PAGES 60-63, OF THE PUBLIC RECORDS OF POU< COUNTY, FLORIDA

PARCEL 11 (272702-713000-030172)
LOT 17, 18 AND THE NORTH 3/4  OF LOT 19, LESS THE NORTH 15 FEET OF SAID LOTS; LOT
32 AND THE WEST ONE HALF OF LOT 31, LESS THE SOUTH 15 FEET OF SAID LOTS, ALL LYING AND BEING IN THE NORTHWEST 2, TOWNSHIP 27 SOUTH, RANGE 27 EAST, POU< COUNTY, FLORIDA, OF FLORIDA DEVELOPMENT CO. SUBDMSION, /iS RECORDED IN PLAT BOOK 3, PAGES 60-63, OF THE PUBLIC RECORDS OF POU< COUNTY, FLORIDA.

PARCEL 12 (272634-000000-024120)
BEGINNING AT AN IRON PIPE 360 FEET NORTH OF THE SE CORNER OF THE SW )4 OF THE	

		
SE )4 OF SECTION 34, TOWNSHIP 26 SOUTH, RANGE 27 EAST, RUNNING THENCE NORTH 630
FEET; THENCE WEST 340 FEET TO HIGHWAY RIGHT-OF-WAY; THENCE ALONG THE HIGHWAY SOUTH 14" WEST 650 FEET; THENCE EAST 473 FEET TO POINT OF BEGINNING, LESS AND EXCEPT: BEGINNING AT AN IRON PIPE 990 FEET NORTH OF THE SOUTHEAST CORNER OF THE SW )4 OF SE )4 OF SECTION 34, TOWNSHIP 26 SOUTH, RANGE 27 EAST, RUN THENCE WEST
339.5 FEET ALONG THE SOUTH BOUNDARY OF PREMISES DESCRIBED IN THAT CERTAIN DEED RECORDED IN THE OFFICE OF THE CLERK OF THE CIRCUIT COURT OF POU< COUNTY, FLORIDA IN DEED BOOK 762, PAGE 65, TO THE EAST RIGHT-OF-WAY LINE OF HIGHWAY; THENCE WITH SAID EAST RIGHT-OF-WAY SOUTHWESTERLY 130 FEET: THENCE EAST TO THE EAST LINE OF
SAID SW )4 OF SE 1' OF SAID SECTION 34, THENCE NORTH TO POINT OF BEGINNING, ALSO	

DESCRIBED /iS FOLLOWS:	BEGINNING AT CONCRETE MONUMENT, THE SE CORNER OF THE SW
)4 OF SE )4 OF SECTION 34, TOWNSHIP 26 SOUTH, RANGE 27 EAST, THENCE RUN NORTH
360 FEET TO AN IRON ROD FOR POINT OF BEGINNING; THENCE NORTH 528.89 FEET TO AN IRON ROD; THENCE WEST 372.42 FEET TO AN IRON ROD; THENCE SOUTH 14" 18' 34", WEST
543.19 FEET TO AN IRON ROD: THENCE EAST 506.12 FEET TO THE POINT OF BEGINNING.

PARCEL 13: (272702-713000-040170)
THE NW 1/ 4 OF THE SW 1 / 4 OF THE SW 1 / 4 OF SECTION 2, TOWNSHIP 27 SOUTH, RANGE
27 EAST, POU< COUNTY; ALSO DESCRIBED /iS LOTS 17 AND 18 IN THE SW 1/ 4 OF SECTION 2, FLORIDA DEVELOPMENT COMPANY SUB {PLAT BOOK 3, PAGE 60-63), LESS EXISTING ROAD RIGHT-OF-WAY.

LEGAL DESCRIPTION:

PARCEL 14: (272702-713000-040310)
TRACTS 31 ANO 32 IN THE SW 1/4	OF SECTION 2. TOWNSHIP 27 SOUTH. RANGE 27 E'AST. OF FLORIDA DEVELOPMENT COMPANY TRACT, ACCORDING TO THE MAP OR PLAT THEREOF AS RECORDED IN PLAT BOOK 3, PAGE 60, PUBLIC RECORDS OF POLK COUNlY. FLORIDA.

PARCEL 15: (272703-713500-020070}
TRACTS G AND H IN THE SE 1/4	OF SECTION 3, TOWNSHIP 27 SOUTH. RANGE 27 FAST, OF FLORIDA DEVELOPMENT COMPANY TRACT, ACCORDING TO THE MAP OR PLAT THEREOF AS RECORDED IN PLAT BOOK 3, PAGE 60, PUBUC RECORDS OF POLK COUNlY. FLORIDA.

PARCEL 16: (272710-730000-010901 ANO 272710-730000-011202)
PARCEL 1:
TRACTS '"L• AND "M" OF FLORIDA DEVELOPMENT CO. TRACT SUBDMSION, LYING IN THE SOUTHEAST· 1/4 OF THE NORTHEAST 1/4	OF THE NORTHEAST 1/4	OF SECTION 10. TOWNSHIP 27 SOUTH, RANGE 27 EAST. ACCORD! NG TO THE MAP· OR PLAT THEREOF, AS RECORDED IN PLAT BOOK 3. PAGE 60, PUBLIC RECORDS OF POLK COUNlY, FLORIDA;
LESS AND EXCEPT THE FOLLOWING FIVE DESCRIBED LANDS:
(1)	BEGINNING AT A POINT 411.63 FEET NORTH AND 30 FEET WEST OF THE SOUTHEAST CORNER OF THE SOUTHEAST 1 / 4 OF THE NORTHEAST 1 / 4 OF THE NORTHEAST 1 / 4 OF SAID SECTION 1 o. TOWNSHI P 27 SOUTH. RANGE 27 EAST; THENCE WEST 61.25 FEET, THENCE SOUTH 190.82 FEET, THENCE EAST 61.15 FEET, THENCE NO.RTH 190.81 FEET TO THE POINT OF BEGINNING; ABOVE DESCRIBED PARCEL BEING A PART OF LOT ■u• OF FLORIDA DEVELOPMENT COMPANY SUBDMSION.
(2)	BEGINNING AT A POINT IN THE CENTERLINE OF A CONCRETE DRIVEWAY AT ITS INTERSECTION WITH THE SOUTH LINE OF LOT •M" IN THE NORTHEAST 1/4	OF THE NORTHEAST 1/4	OF SECTION 10, TOWNSHIP 27 SOUTH, RANGE 27 EAST. ACCORD! NG TO THE PLAT OF FLORIDA DEVELOPMENT CO. TRACT SUBDMSION, RECORDED IN PLAT BOOK 3, PAGES 60 ET SEQ., 577.92 FEET WEST OF THE SOUTHEAST CORNER OF SAID LOT •M• AND RUN THENCE NORTHERLY WITH THE CENTERLINE OF SAID CONCRETE DRIVEWAY 125 FEET, THENCE WEST TO THE WEST LINE OF SAID LOT •M•, THENCE
SOUTH ALONG THE WEST LINE OF SAID LOT ■u• TO THE SOUTH LINE OF LOT -U", THENCE EAST fo
THE POINT OF BEGINNING.
(3l	BEGINNING AT A POINT IN THE CENTERLINE OF A CONCRETE DRIVEWAY AT ITS INTERSECTION WITH THE SOUTH LINE OF LOT "M" IN THE NORTHEAST 1 / 4 OF THE NORTHEAST 1 / 4 OF SECTION 10, TOWNSHIP 27 SOUTH, RANGE 27 EAST, 577.92 FEET WEST OF THE SOUTHEAST CORNER OF SAID LOT "M", THENCE NORTHERLY WITH THE CENTERLINE OF SAID CONCRETE DRIVEWAY 125 FEET, THENCE EAST 75 FEET, THENCE SOUTH 125 FEET, THENCE WEST 78.5 FEET TO THE POINT OF BEGINNING.
(4l	BEGINNING AT A POINT IN THE WEST LINE OF LOT •M" IN THE NORTHEAST 1 / 4 OF THE NORTHEAST 1/4	OF SECTION 10, TOWNSHIP 27 SOUTH, RANGE 27 EAST. WHERE AN IRON PIPE IS SET IN THE WEST LINE OF SAID LOT •M• APPROXI MATELY 225 FEET NORTH OF lHE SOUTH LINE OF SAID
LOT "M", RUN THENCE EAST 150 FEET, THENCE NORTH 50 FEET, lHENCE WEST 150 FEET TO lHE WEST LINE OF SAID LOT ■u•, lHENCE SOUTH ON lHE WEST LINE OF SAID LOT -U" TO lHE P01NT OF BEGINNING.
csi	BEGIN AT A POINT IN THE WEST LINE OF LOT "M" OF FLORIDA DEVELOPMENT CO. TRACT SUBDMSION, PLAT BOOK 3, PAGE 60, PUBLIC RECORDS OF POLK COUNlY. FLORIDA. LYING IN THE NORTHEAST 1 / 4 OF THE NORTHEAST 1/ 4 OF SECTION 10, TOWNSHIP 27 SOUTH, RANGE 27 EAST. WHERE AN IRON PIPE IS SET IN lHE WEST LINE OF SAID LOT "M• APPROXIMATELY 22.5FEET NORTH OF THE SOlJTH LINE OF SAID LOT "M" FOR A POINT OF BEGINNING, RUN lHENCE EAST 150 FEET. THENCE SOUTH 100 FEET, MORE OR LESS. TO A POINT 125 FEET NORTH OF THE SOUTH BOUNDARY LINE OF SAID LOT	"M", THENCE WEST 150 FEET TO THE WEST BOUNDARY LINE OF SAID LOT "M". THENCE NORTH THE
WEST LINE OF SAID LOT "M" TO THE POINT OF BEGINNING.

 	
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LEGAL DESCRIPTION:

Parcel 2:
lHAT PORTION OF TRACTS IANO K IN THE NORTHEAST 1 / 4 OF SECTION 10, TOWNSHIP 27 SOUTH, RANGE 27 EAST, POLK COUNTY, FLORIDA, 1'S SHOWN ON THE PLAT OF FLORIDA DEVELOPMENT COMPANY SUBDMSION, RECORDED IN PLAT BOOK 3, PAGES 60 THROUGH 63, OF THE PUBLIC RECORDS OF POLK COUNTY, FLORIDA, DESCRIBED 1'S:

COMMENCE AT THE NORTHEAST CORNER OF SAID SECTION 10 ANO RUN SOUTH 00 DEGREES 16 MINUTES 36 SECONDS WEST, 15.00 FEET TO A POINT ON THE SOUTH RIGHT OF WAY LINE OF HORSE SHOE CREEK ROAD, ALSO KNOWN 1'S PALMETTO STREET; THENCE NORTH 89 DEGREES 47 MINUTES 39 SECONDS WEST ALONG $AID SOUTH RIGHT OF WAY LINE, 15.00 FEET TO THE WEST RIGHT OF WAY LINE OF AN UNOPENED PLATTED RIGHT OF WAY, AND THE POINT OF BEGINNING; THENCE SOUTH 00 DEGREES·16 MINUTES 36 SECONDS WEST ALONG SAID WEST RIGHT OF WAY LINE, 647.46 FEET TO THE SOUTH BOUNDARY OF SAID TRACT K; THENCE NORTH 89 DEGREES 49 MINUTES 06 SECONDS WEST ALONG SAID SOUTH BOUNDARY OF TRACT K, 625.98 FEET TO THE EAST RIGHT OF WAY LINE OF EAST BOULEVARD; THENCE NORTH 00 DEGREES 20 MINUTES 54 SECONDS WEST ALONG SAID EAST RIGHT OF LINE, 15.00 FEET TO THE SOUTHWEST CORNER OF LOT 6 OF HARTIS SUBDMSION, FlRST ADDmON, RECORDED IN PLAT BOOK 90, PAGE 15, OF THE PUBLIC RECORDS OF POLK COUNTY, FLORIDA; THENCE SOUTH 89 DEGREES 49 MINUTES 06 SECONDS EAST ALONG THE SOUTH BOUNDARY OF SAID LOT 6,
145.00 FEET TO THE SOUTHEAST CORNER OF SAID LOT 6; THENCE NORTH 00 DEGREES 20 MINUTES 54 SECONDS WEST ALONG THE EAST BOUNDARY OF SAID LOT 6, AND THE EAST BOUNDARY OF LOT 1 OF HARTIS SUBDMSION, RECORDED IN PLAT BOOK 89, PAGE 33, OF THE PUBLIC RECORDS OF POLK COUNTY, FLORIDA, 132.50 FEET; THENCE SOUTH 89 DEGREES 49 MINUTES 06 SECONDS EAST, 155.00 FEET; THENCE NORTH 00 DEGREES 20 MINUTES 54 SECONDS WEST PARAUEL WITH THE EAST
BOUNDARY OF SAID HARTIS SUBDMSION, 500.12 FEET TO A POINT ON THE SOUTH RIGHT OF WAY LINE OF A PLATTED RIGHT OF WAY LINE LYING 15.00 FEET SOUTH OF THE NORTH BOUNDARY OF SAID SECTION 10; THENCE SOUTH 89 DEGREES 47 MINUTES 39 SECONDS EAST, ALONG SAID RIGHT OF WAY LINE, 333.04 FEET TO THE POINT OF BEGINNING.

PARCEL 3:
lHAT PORTION OF SAID TRACT IOF SAID FLORIDA DEVELOPMENT COMPANY SUBDMSION IN THE NORTHEAST 1 / 4 OF SAID SECTION 10, TOWNSHI P 27 SOUTH, RANGE 27 EAST, POLK COUNTY, FLORIDA, LYING NORTH OF PALMETTO STREET/HORSE SHOE CREEK ROAD, 1'S NOW IN USE, LESS AND EXCEPT RIGHTS OF WAY OF RECORD AND/OR IN USE.

PARCEL 17: (272710-730000-012000)
LOT 21 AND THE EAST 264 FEET OF LOT 20 IN THE NE 1/4	OF SECTION 10, TOWNSHIP 27 SOUTH, RANGE 27 EAST, OF FLORIDA DEVELOPMENT COMPANY TRACT, ACCORDING TO THE MAP OR PLAT THEREOF 1'S RECORDED IN PLAT BOOK 3, PAGE 60, PUBLIC RECORDS OF POLK COUNTY, FLORIDA, LESS AND EXCEPT THE NORTH 226.0 FEET OF THE EAST 175.4 FEET OF SAID LOT 21.

- AND
TRACT 28 IN THE NE 1/ 4 OF SECTION 10, TOWNSHIP 27 SOUTH, RANGE 27 EAST, OF FLORIDA
DEVELOPMENT COMPANY TRACT, ACCORDING TO THE MAP OR PLAT THEREOF 1'S RECORDED IN PLAT BOOK 3, PAGE 60, PUBLIC RECORDS OF POLK COUNTY, FLORIDA; LESS AND EXCEPT THE SOUTH 25 FEET THEREOF FOR ROAD RIGHT-OF-WAY CONVEYED TO POLK COUNlY IN O.R. BOOK 1234, PAGE 482,
PUBLIC RECORDS OF POLK COUNTY, FLORIDA.

PARCEL 18: (272710-730000-012200)
LOTS 22 AND 23 IN THE NE 1/ 4 OF SECTION 10, TOWNSHIP 27 SOUTH, RANGE 27 EAST, FLORIDA DEVELOPMENT COMPANY TRACT, ACCORDING TO THE MAP OR PLAT THEREOF 1'S RECORDED IN PLAT BOOK 3, PAGE 60, PUBLIC RECORDS OF POLK COUNTY, FLORIDA.
LESS AND EXCEPT
A PORTION OF TRACT 22 IN THE NE 114 OF SECTION 10, TOWNSHIP 27 SOUTH, RANGE 27 EAST, FLORIDA DEVELOPMENT CO. TRACT, ACCORDING TO THE MAP OR PLAT THEREOF 1'S RECORDED IN PLAT BOOK 3, PAGE 60, PU BLIC RECORDS OF POLK COUNTY, FLORIDA, BEING DESCRIBED 1'S FOLLOWS:
COMMENCE AT THE NORTHWEST CORNER OF SAID TRACT 22; THENCE NORTH 89'43'39• EAST ALONG THE NORTH LINE OF SAID TRACT 22, A DISTANCE OF 223.00 FEET TO THE POINT OF BEGINNING; THENCE SOUTH 00'16'21• EAST, 120.00 FEET; THENCE NORTH 59•43•39• EAST,
110.00 FEET; THENCE NORTH 00'16'21• WEST, 120.00 FEET TO SAID NORTH LINE OF TRACT 22; THENCE SOUTH  59•43•39• WEST ALONG SAID NORTH LINE OF TRACT 22, A DISTANCE OF
110.00 FEET TO THE POINT OF BEGINNING.

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PARCEL 19: (272710-730000-020500, 272710-733500-006011)

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TRACTS 5 AND 6 IN SE 1/4	OF SECTION 10, TOWNSHIP 27 SOUTH, RANGE 27 EAST, FLORIDA

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DEVELOPMENT COMPANY TRACT, ACCORDING TO THE MAP OR PLAT THEREOF f,S RECORDED IN PLAT BOOK 3, PAGE 60, PUBLIC RECORDS OF POLK COUNTY, FLORIDA, L£SS THE NORTH 25 FEET FOR ROAD
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ONE ACCORDING TO THE MAP OR PLAT THEREOF >S RECORDED IN PLAT BOOK 15, PAGE 19, PUBLIC RECORDS OF POLK COUNTY, FLORIDA.

PARCEL 20: (272703-713500-010232)
SOUTH 100 FEET OF WEST 84.74 FEET OF TRACT 23, SOUTH 15 FEET OF TRACT 25 AND SOUTH 15' OF E ¾ OF TRACT 26 AND W J4 OF TRACT 26 AND SOUTH 15 FEET OF TRACT 27, FLORIDA DEVELOPMENT COMPANY SUBDMSION, ACCORDING TO PLAT THEREOF AND RECORDED IN PLAT BOOK 3 PAGES 60 THROUGH 63, PUBLIC RECORDS OF POLK COUNTY, FLORIDA.

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1 OF 3

LEGAL DESCRIPTION:

SHEET

PARCEL NUMBER 21: (272702-713000-040190)

EXHIBIT 3
ROAD CDD

DATE
5-14-2021

PARCEL NUMBER 22: (272702-713000-040210

NORTH POWER LINE

PARCEL NUMBER 23: (272702-713000-040230)

DRAWN BY
JJM

PARCEL NUMBER24: (272702-713000-040251)

JOB NUMBER
0002.0002

PARCEL NUMBER 25: (272702-713000-040260)

PARCEL NUMBER 26:   272710-730000-021201)

SEC TWP RGE

PARCEL NUMBER 27: (272710-730000-022200)

ENGINEERING, INC.

1000 N. ASHLEY DRIVE, SUITE 925

TAMPA, FLORIDA 33602

PARCEL NUMBER 28: (272710-730000-022700)

ABSOLUTE

(813) 221-1516 TEL
(813) 344-0100 FAX

C.A. NO. 28358

PARCEL NUMBER 29: (272715-739500-010011 AND 272715-739500-010050)

LEGAL DESCRIPTION:
PARCEL NUMBER 30: (272715-740000-000010)

 	   

PARCEL NUMBER 33: 272710-730000-010904	
ABSOLUTE
ENGINEERING, INC.
(813) 221-1516 TEL	1000 N. ASHLEY DRIVE, SUITE 925
(813) 344-0100 FAX	C.A. NO. 28358	TAMPA, FLORIDA 33602	EXHIBIT 3
NORTH POWER LINE ROAD CDD
LEGAL DESCRIPTION - EXPANSION PARCELS	
	SEC TWP RGE
S2&10-27S-27E	JOB NUMBER
0002.0002	DRAWN BY
JJM	DATE
5-14-2021	SHEET
2 OF 3	

LEGAL DESCRIPTION:
LESS A PORTION OF EXISTING PARCEL 4: 272703-713500-010031

 	   

LESS EXISTING PARCEL 20: (272703-713500-010232)

¾	
ABSOLUTE
ENGINEERING, INC.
(813) 221-1516 TEL	1000 N. ASHLEY DRIVE, SUITE 925
(813) 344-0100 FAX	C.A. NO. 28358	TAMPA, FLORIDA 33602	EXHIBIT 3
NORTH POWER LINE ROAD CDD
LEGAL DESCRIPTION - EXPANSION PARCELS	
	SEC TWP RGE
S2&10-27S-27E	JOB NUMBER
0002.0002	DRAWN BY
JJM	DATE
5-14-2021	SHEET
2 OF 3	

LEGAL DESCRIPTION:

PARCEL 1 (272634-000000-022030)

PARCEL 2 (272634-000000-022020)

PARCEL 3 (272635-000000-044010)

 	     		
PARCEL 4 (272703-713500-010031)

PARCEL 5 (272703-000000-011000)		 PARCEL 6 (272703-713500-010200)	   

PARCEL 7 (272703-713500-010294)	
ABSOLUTE
ENGINEERING, INC.
(813) 221-1516 TEL	1000 N. ASHLEY DRIVE, SUITE 925
(813) 344-0100 FAX	C.A. NO. 28358	TAMPA, FLORIDA 33602	EXHIBIT 4
NORTH POWER LINE ROAD CDD

	SEC TWP RGE

	JOB NUMBER
0002.0002	DRAWN BY
JJM	DATE
5-14-2021	SHEET
1 OF 7	

LEGAL DESCRIPTION:

PARCEL 8 (272703-713500-010282)

PARCEL 9 (272703-713500-010220)

  

PARCEL 10 (272703-713500-010231)

PARCEL 11 (272702-713000-030172)		      PARCEL 12 (272634-000000-024120)	 

”	
 	 	 	 	
PARCEL 13: (272702-713000-040170)	
ABSOLUTE
ENGINEERING, INC.
(813) 221-1516 TEL	1000 N. ASHLEY DRIVE, SUITE 925
(813) 344-0100 FAX	C.A. NO. 28358	TAMPA, FLORIDA 33602	EXHIBIT 4
NORTH POWER LINE ROAD CDD

	SEC TWP RGE

	JOB NUMBER
0002.0002	DRAWN BY
JJM	DATE
5-14-2021	SHEET
2 OF 7	

LEGAL DESCRIPTION:

PARCEL 14: (272702-713000-040310)

PARCEL 15: (272703-713500-020070)

  
PARCEL	
 		
·
 	 	 	 	
(1)	
 	 	  	 	
(2)	

(3)	

(4)	
 	 	 
(5)		
ABSOLUTE
ENGINEERING, INC.
(813) 221-1516 TEL	1000 N. ASHLEY DRIVE, SUITE 925
(813) 344-0100 FAX	C.A. NO. 28358	TAMPA, FLORIDA 33602	EXHIBIT 4
NORTH POWER LINE ROAD CDD

	SEC TWP RGE

	JOB NUMBER
0002.0002	DRAWN BY
JJM	DATE
5-14-2021	SHEET
3 OF 7	

LEGAL DESCRIPTION:

·

PARCEL 17: (272710-730000-012000)
AND	 PARCEL 18: (272710-730000-012200)		
ABSOLUTE
ENGINEERING, INC.
(813) 221-1516 TEL	1000 N. ASHLEY DRIVE, SUITE 925
(813) 344-0100 FAX	C.A. NO. 28358	TAMPA, FLORIDA 33602	EXHIBIT 4
NORTH POWER LINE ROAD CDD

	SEC TWP RGE

	JOB NUMBER
0002.0002	DRAWN BY
JJM	DATE
5-14-2021	SHEET
4 OF 7	

EXHIBIT 4
ROAD CDD

ABSOLUTE

NORTH POWER LINE

ENGINEERING, INC.

SEC TWP RGE

JOB NUMBER
0002.0002

DRAWN BY
JJM

DATE
5-14-2021

SHEET

(813) 221-1516 TEL
(813) 344-0100 FAX

1000 N. ASHLEY DRIVE, SUITE 925

5 OF 7

C.A. NO. 28358

TAMPA, FLORIDA 33602

LEGAL DESCRIPTION:

PARCEL 19: (272710-730000-020500, 272710-733500-006011)

AND

PARCEL 20: (272703-713500-010232)

¾

PARCEL NUMBER 21: (272702-713000-040190)

PARCEL NUMBER 22: (272702-713000-040210

PARCEL NUMBER 23: (272702-713000-040230)

PARCEL NUMBER24: (272702-713000-040251)

PARCEL NUMBER 25: (272702-713000-040260)

PARCEL NUMBER 26:   272710-730000-021201)

PARCEL NUMBER 27: (272710-730000-022200)

PARCEL NUMBER 28: (272710-730000-022700)

LEGAL DESCRIPTION:
PARCEL NUMBER 29: (272715-739500-010011 AND 272715-739500-010050)

PARCEL NUMBER 30: (272715-740000-000010)

 	   

PARCEL NUMBER 33: 272710-730000-010904	
ABSOLUTE
ENGINEERING, INC.
(813) 221-1516 TEL	1000 N. ASHLEY DRIVE, SUITE 925
(813) 344-0100 FAX	C.A. NO. 28358	TAMPA, FLORIDA 33602	EXHIBIT 4
NORTH POWER LINE ROAD CDD
LEGAL DESCRIPTION PROPOSED DISTRICT BOUNDARY AFTER EXPANSION	
	SEC TWP RGE
S2&10-27S-27E	JOB NUMBER
0002.0002	DRAWN BY
JJM	DATE
5-14-2021	SHEET
6 OF 7	

LEGAL DESCRIPTION:

LESS A PORTION OF EXISTING PARCEL 4: 272703-713500-010031

 	   

LESS EXISTING PARCEL 20: (272703-713500-010232)

¾	
ABSOLUTE
ENGINEERING, INC.
(813) 221-1516 TEL	1000 N. ASHLEY DRIVE, SUITE 925
(813) 344-0100 FAX	C.A. NO. 28358	TAMPA, FLORIDA 33602	EXHIBIT 4
NORTH POWER LINE ROAD CDD
LEGAL DESCRIPTION PROPOSED DISTRICT BOUNDARY AFTER EXPANSION	
	SEC TWP RGE
S2&10-27S-27E	JOB NUMBER
0002.0002	DRAWN BY
JJM	DATE
5-14-2021	SHEET
7 OF 7	

Exhibit 5
Summary of Proposed District Facilities

District Infrastructure	Construction	Ownership	Capital Financing*	Operation and
Maintenance	
Entry Feature & Signage	District	District	District Bonds	District	
Stormwater Facilities	District	District	District Bonds	District	
Lift Stations/Water/Sewer	District	City of Davenport	District Bonds	City of Davenport	
Street Lighting/Conduit	District	Duke/District**	District Bonds	Duke/District***	
Road Construction	District	District	District Bonds	District	
Parks & Amenities	District	District	District Bonds	District	
Offsite Improvements	District	FDOT	District Bonds	FDOT	
*Costs not funded by bonds will be funded by the developer
** District will fund undergrounding of electrical conduit
***District will fund street lighting maintenance services

Exhibit 6 Summary of Probable Cost

Infrastructure (12)	Phase 1 (295 Lots)
2020‐2023	Phase 2 (272 Lots)
2020‐2023	Phase 3 (162 Lots)
2021‐2023	Phase 4 (308 Lots)
2022‐2023	Phase 5 (532 Lots)
2022‐2023	Phase 6 (256 Lots)
2022‐2023	Powerline Road
Extension	Total
(1825 Lots)	
Offsite Improvements(1)(5)(7)(11)	$1,150,467	$1,060,770	$819,867	$1,297,418	$2,248,295	$1,098,791	$0	$7,675,609	
Stormwater Management
(1)(2)(3)(5)(6)(7)	$1,936,035	$1,785,089	$1,379,692	$2,183,327	$3,783,485	$1,849,071	$1,500,000	$14,416,699	
Utilities (Water, Sewer, & Street Lighting) (1) (5)(7) (9)(11)	$1,765,823	$1,628,148	$1,258,392	$1,991,374	$3,450,849	$1,686,505	$500,000	$12,281,092	
Roadway (1)(4)(5)(7)	$878,980	$1,897,225	$603,766	$955,444	$1,655,688	$809,171	$7,900,000	$14,700,274	
Entry Feature (1)(7)(8)911)	$109,348	$100,823	$66,803	$105,713	$183,191	$89,529	$0	$655,407	
Parks and Amenities (1)(7)(11)	$459,264	$423,456	$280,571	$443,996	$769,400	$376,023	$0	$2,752,710	
Contingency(11)	$692,425	$638,440	$440,909	$697,728	$1,209,092	$590,910	$100,000	$4,369,504	
TOTAL	$6,992,342	$7,533,951	$4,850,000	$7,675,000	$13,300,000	$6,500,000	$10,000,000	$56,851,293	

Notes:
Infrastructure consists of public roadway improvements, Stormwater management facilities, master sanitary sewer lift station and utilities, entry feature, landscaping and signage, and public neighborhood parks, all of which will be located on land owned by or subject to a permanent easement in favor of the District or another governmental entity.
Excludes grading of each lot in conjunction with lot development and home construction, which will be provided by home builder.
Includes Stormwater pond excavation. Does not include the cost of transportation of fill for use of private lots.
Includes sub‐grade, base, asphalt paving, curbing, and civil/site engineering.
Includes subdivision infrastructure and civil/site engineering.
Stormwater does not include grading associated with building pads.
Estimates are based on 2022 cost.
Includes entry features, signage, hardscape, landscape, irrigation and fencing.
CDD will enter into a Lighting Agreement with Duke Energy for the street light poles and lighting service. Includes only the incremental cost of undergrounding.
Estimates based on 1825 lots.
The costs associated with the infrastructure are a master cost and is effectively shared by the entire project (All phases).
Phasing and cost figures provided herein relate to the existing District.

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HIC-High-ImpactCommercial Centers TC-TourismCommercial Centers
LC-LinearCommercial Coridor CE-Commercial Enclave
OC-OficeCenter
EC-EmploymentCenter BPC-1-BusinesParkCenter

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PI-Profesional Institutional PM-PhosphateMining
LR-Lesuire/Recreation INST-1-Institutional INST-2-Institutional
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ABSOLUTE ENGINEERING, INC.	
EXHIBIT 8
NORTH POWER LINE ROAD CDD WATER AND SEWER LOCATIONS		

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Composite Exhibit B:

8

AMENDED AND RESTATED MASTER ASSESSMENT METHODOLOGY

FOR

NORTH POWERLINE ROAD COMMUNITY DEVELOPMENT DISTRICT

Date: January 19, 2022

Prepared by

Governmental Management Services – Central Florida, LLC 219 E. Livingston St.
Orlando, FL 32801

Table of Contents

Introduction	3
Purpose	3
Background	4
Special Benefits and General Benefits	5
Requirements of a Valid Assessment Methodology	5
Special Benefits Exceed the Costs Allocated	6
Assessment Methodology	6
Overview	6
Allocation of Debt	6
Allocation of Benefit	7
Lienability Test: Special and Peculiar Benefit to the Property	7
Lienability Test: Reasonable and Fair Apportionment of the Duty to Pay Non-Ad Valorem Assessments	8
3.0 True-Up Mechanism	9
4.0 Assessment Roll	9
5.0 Appendix	10
Table 1: Development Program	10
Table 2: Capital Improvement Cost Estimates	11
Table 3: Bond Sizing	12
Table 4: Allocation of Improvement Costs	13
Table 5: Allocation of Total Par Debt to Each Product Type	14
Table 6: Par Debt and Annual Assessments	15
Table 7: Preliminary Assessment Roll	16

GMS-CF, LLC does not represent the North Powerline Road Community Development District as a Municipal Advisor or Securities Broker nor is GMS-CF, LLC registered to
provide such services as described in Section 15B of the Securities and Exchange Act of 1934, as amended. Similarly, GMS-CF, LLC
does not provide the North Powerline Road Community Development District with financial advisory services or offer investment advice in any form.

Introduction

The North Powerline Road Community Development District (the “District”) is a local unit of special-purpose government organized and existing under Chapter 190, Florida Statutes as amended. The District anticipates the issuance at this time of not to exceed
$73,000,000 of tax exempt bonds in one or more series (the “Bonds”) for the purpose of financing certain infrastructure improvements (“Capital Improvement Plan”) within the District more specifically described in the Engineer’s Report for Capital Improvements Third Amended and Restated dated October 2021 prepared by Absolute Engineering, Inc. as may be amended and supplemented from time to time (the “Engineer’s Report”). The District anticipates the construction of all or a portion of the Capital Improvement Plan that benefit property owners within the District.

Purpose

The Board of Supervisors (“Board”) of the District previously approved the Master Assessment Methodology, dated February 2, 2020 (the “Master Report”). The Master Report established an assessment methodology the District followed to allocate debt assessments to properties within the District benefitting from the District’s CIP. Such assessments secure repayment of the Bonds. The District also previously adopted as a supplement to the Master Report, at the time of the issuance of the District’s
$12,685,000 Special Assessment Bonds, Series 2020 (“Series 2020 Bonds”), Supplemental Assessment Methodology report dated December 2, 2020 (“Series 2020 Supplemental Report”). The Series 2020 Bonds remain unchanged by this report. The Series 2020 Supplemental Report applied the methodology to the details of the Series 2020 Bonds to allocate debt assessments (“Series 2020 Assessments”) to properties within the District to secure the repayment of the Series 2020 Bonds.

The methodology established by the Master Report allocated debt assessments to planned future units of residential product types. Since adoption of the Master Report, there have been expansions to the Districts boundaries to add new parcels within the District, such that not all of the assumed planned lots found in the Master Report represent the development planned for the District and so must be revised. Specifically, the revised development plan revises the unit mix to include additional 591 lots in Phase 3, Phase 4, Phase 5 and Phase 6 as well as additional of-site improvements as indicated in the Engineers Report.

This Amended and Restated Master Assessment Methodology amends and restates the original approved Master Report (collectively, the “Assessment Report”) provides for an assessment methodology that reflects the additional parcels, improvements, and planned lots.

This Assessment Report continues to allocate the debt to properties based on the special benefits each receives from the Capital Improvements. This Assessment Report will be supplemented with one or more supplemental methodology reports to reflect the actual terms and conditions at the time of the issuance of each series of Bonds issued to finance all or a portion of the Capital Improvements. This Assessment Report is designed to conform to the requirements of Chapters 190 and 170, Florida Statutes, with respect to special assessments and is consistent with our understanding of case law on this subject.

The District intends to levy, impose and collect non ad valorem special assessments (“Special Assessments”) on the benefited lands within the District securing repayment of the Bonds based on this Assessment Report. It is anticipated that all of the proposed Special Assessments will be collected through the Uniform Method of Collection described in Section 197.3632, Florida Statutes or any other legal means available to the District. It is not the intent of this Assessment Report to address any other assessments, if applicable, that may be levied by the District including those for maintenance and operation of the Bonds, a homeowner’s association, or any other unit of government.

Background

The District currently includes approximately 271.64 acres partially located within City of Davenport and partially within unincorporated Polk County, Florida. The District is also being expanded to include an additional 157.87 acres, for a total of
429.51 acres after expansion. The development program for the District currently envisions approximately 1,868 residential units. The proposed development program is depicted in Table 1. It is recognized that such land use plan may change, and this Assessment Report will be modified or supplemented accordingly.

The improvements contemplated by the District in the Capital Improvement Plan will provide facilities that benefit property within the District. Specifically, the District will construct and/or acquire certain offsite improvements, stormwater management facilities, utility facilities, roadways, entry features, and park and amenity features. The acquisition and construction costs are summarized in Table 2.

The assessment methodology is a four-step process.

The District Engineer must first determine the public infrastructure improvements that are to be provided by the District and the costs to implement the Capital Improvement Plan.
The District Engineer determines the assessable acres that benefit from the District’s Capital Improvement Plan.
A calculation is made to determine the funding amounts necessary to acquire and/or construct the Capital Improvement Plan.

This amount is initially divided equally among the benefited properties on a prorated assessable acreage basis. Ultimately, as land is platted, this amount will be assigned to each of the benefited properties based on the number of platted units.

Special Benefits and General Benefits

Improvements undertaken by the District create special and peculiar benefits to the property, different in kind and degree than general benefits, for properties within its borders as well as general benefits to the public at large.

However, as discussed within this Assessment Report, these general benefits are incidental in nature and are readily distinguishable from the special and peculiar benefits, which accrue to property within the District. The implementation of the Capital Improvement Plan enables properties within the boundaries of the District to be developed. Without the District’s Capital Improvement Plan, there would be no infrastructure to support development of land within the District. Without these improvements, development of the property within the District would be prohibited by law.

There is no doubt that the general public and property owners outside of the District will benefit from the provision of the Capital Improvement Plan. However, these benefits will be incidental for the purpose of the Capital Improvement Plan, which is designed solely to meet the needs of property within the District. Properties outside of the District boundaries do not depend upon the District’s Capital Improvement Plan. The property owners within the District are therefore receiving special benefits not received by those outside the District’s boundaries.

Requirements of a Valid Assessment Methodology

There are two requirements under Florida law for a valid special assessment:

The properties must receive a special benefit from the improvements being paid for.
The assessments must be fairly and reasonably allocated to the properties being assessed based on the special benefit such properties receive.

Florida law provides for a wide application of special assessments that meet these two characteristics of special assessments.

Special Benefits Exceed the Costs Allocated

The special benefits provided to the property owners within the District will be greater than the costs associated with providing these benefits. The District Engineer estimates that the District’s Capital Improvement Plan that is necessary to  support  full  development  of  property  within  the  District  will cost approximately $56,851,293. The District’s Underwriter projects that financing costs required to fund the Capital Improvement Plan costs, the cost of issuance of the Bonds, the funding of a debt service reserve account and capitalized interest, will be approximately $73,000,000. Without the Capital Improvement Plan, the property within the District would not be able to be developed and occupied by future residents of the community.

Assessment Methodology

Overview

The District anticipates issuing approximately $73,000,000 in Bonds in one or more series to fund the District’s entire Capital Improvement Plan, provide for capitalized interest, a debt service reserve account and pay cost of issuance. It is the purpose of this Assessment Report to allocate the $73,000,000 in debt to the properties within the District benefiting from the Capital Improvement Plan. This report will be supplemented to reflect actual bond terms.

Table 1 identifies the land uses as identified by the Developer within the District. The District has commissioned an Engineer’s Report that includes estimated construction costs for the Capital Improvement Plan needed to support the development, which these construction costs are outlined in Table 2. The improvements needed to support the development are described in detail in the Engineer’s Report and are estimated to cost $56,851,293. Based on the estimated costs, the size of the bond issue under current market conditions needed to generate funds to pay for the Capital Improvement Plan and related costs was determined by the District’s Underwriter to total approximately $73,000,000. Table 3 shows the breakdown of the bond sizing.

Allocation of Debt

Allocation of debt is a continuous process until the development plan for the District is completed. Until the platting process occurs, the Capital Improvement Plan funded by District bonds benefits all assessable acres within the District.

The initial assessments will be levied on an equal basis to all assessable acreage within the District. A fair and reasonable methodology allocates the debt incurred by the District proportionately to the properties receiving the special benefits. At this point all of the lands within the District are benefiting from the improvements.

Once platting or the recording of a declaration of condominium of any portion of the District into individual lots or units (“Assigned Properties”) has begun, the assessments will be levied to the Assigned Properties based on the benefits they receive, on a first platted, first assigned basis. The “Unassigned Properties” defined as property that has not been platted or subjected to a declaration of condominium, will continue to be assessed on a per acre basis. Eventually the development plan will be completed and the debt relating to the bonds will be allocated to the platted units within the District, which are the beneficiaries of the Capital Improvement Plan, as depicted in Table 5 and Table 6. If there are changes to development plan, a true up of the assessment will be calculated to determine if a debt reduction or true-up payment from the Developer is required. The process is outlined in Section 3.0.

The assignment of debt in this Assessment Report sets forth the process by which debt is apportioned. As mentioned herein, this Assessment Report will be supplemented from time to time.

Allocation of Benefit

The Capital Improvement Plan consists of offsite improvements, stormwater management facilities, utility facilities, roadways, entry features, and park and amenity features and professional fees along with related incidental costs. There are five product categories within the planned development. The single family 40’ home has been set as the base unit and has been assigned one equivalent residential unit (“ERU”). Table 4 shows the allocation of benefit to the particular land uses. It is important to note that the benefit derived from the improvements on the particular units exceeds the cost that the units will be paying for such benefits.

Lienability Test: Special and Peculiar Benefit to the Property

Construction and/or acquisition by the District of its proposed Capital Improvement Plan will provide several types of systems, facilities and services for its residents. These include offsite improvements, stormwater management facilities, utility facilities, roadways, entry features, and park and amenity features. These improvements accrue in differing amounts and are somewhat dependent

on the type of land use receiving the special benefits peculiar to those properties, which flow from the logical relationship of the improvements to the properties.

Once these determinations are made, they are reviewed in the light of the special benefits peculiar to the property, which flow to the properties as a result of their logical connection from the improvements in fact actually provided.

For the provision of the Capital Improvement Plan, the special and peculiar benefits are:

the added use of the property,
added enjoyment of the property, and
the probability of increased marketability and value of the property.

These special and peculiar benefits are real and ascertainable, but are not yet capable of being calculated as to value with mathematical certainty. However, each is more valuable than either the cost of, or the actual non-ad valorem special assessment levied for the improvement or the debt as allocated.

Lienability Test: Reasonable and Fair Apportionment of the Duty to Pay Non- Ad Valorem Assessments

A reasonable estimate of the proportion of special and peculiar benefits received from the public improvements described in the Engineer’s Report is delineated in Table 5 (expressed as Allocation of Par Debt per Product Type). This is also shown on Table 7 depicting Allocation of Par Debt per Product Type.

The determination has been made that the duty to pay the non-ad valorem special assessments is fairly and reasonably apportioned because the special and peculiar benefits to the property derived from the acquisition and/or construction of Capital Improvement Plan have been apportioned to the property within the District according to reasonable estimates of the special and peculiar benefits provided consistent with the land use categories.

Accordingly, no acre or parcel of property within the boundaries of the District will have a lien for the payment of any non-ad valorem special assessment more than the determined special benefit peculiar to that property and therefore, the debt allocation will not be increased more than the debt allocation set forth in this Assessment Report.

In accordance with the benefit allocation suggested for the product types in Table 4, a total debt per unit and an annual assessment per unit have been calculated for

each product type (Table 6). These amounts represent the preliminary anticipated per unit debt allocation assuming all anticipated units are built and sold as planned, and the entire proposed Capital Improvement Plan is constructed.

3.0	True Up Mechanism

Although the District does not process plats, declaration of condominiums, site plans or revisions thereto for the developer, it does have an important role to play during the course of platting and site planning. Whenever a plat, declaration of condominium or site plan is processed, the District must allocate a portion of its debt to the property according to this Assessment Report outlined herein. In addition, the District must also prevent any buildup of debt on Unassigned Properties. Otherwise, the land could be fully conveyed and/or platted without all of the debt being allocated. To preclude this, when platting for 25%, 50%, 75% and 100% of the units planned for platting has occurred within the District, the District will determine the amount of anticipated assessment revenue that remains on the Unassigned Properties, taking into account the full development plan of the District. If the total anticipated assessment revenue to be generated from the Assigned and Unassigned Properties is greater than or equal to the maximum annual debt service then no debt reduction or true-up payment is required. In the case that the revenue generated is less then the required amount then a debt reduction or true-up payment by the landowner in the amount necessary to reduce the par amount of the outstanding bonds plus accrued interest to a level that will be supported by the new net annual debt service assessments will be required.

If a true-up payment is made less than 45 days prior to an interest payment date, the amount of accrued interest will be calculated to the next succeeding interest payment date.

4.0	Assessment Roll

The District will initially distribute the liens across the property within the District boundaries on a assessable acreage basis. As Assigned Properties becomes known with certainty, the District will refine its allocation of debt from a per acre basis to a per unit basis as shown in Table 6. If the land use plan changes, then the District will update Table 6 to reflect the changes as part of the foregoing true-up process. As a result, the assessment liens are neither fixed nor are they determinable with certainty on any acre of land in the District prior to the time final Assigned Properties become known. The current assessment roll is attached as Table 7.

TABLE 1
NORTH POWERLINE ROAD COMMUNITY DEVELOPMENT DISTRICT DEVELOPMENT PROGRAM
AMENDED AND RESTATED MASTER ASSESSMENT METHODOLOGY

Land Use*	ERUs per Unit (1)	Units	Total ERUs	
TH/20' Lot	0.5	832	416	
40' Lot	1.00	845	845	
50' Lot	1.25	136	170	
55' and 65' Lot	1.38	51	70	
80' Lot	2.00	4	8	
Total Units		1,868	1,509	

(1) Benefit is allocated on an ERU basis; based on density of planned development, with 40' lot at 1 ERU

* Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

TABLE 2
NORTH POWERLINE ROAD COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT PLAN COST ESTIMATES
AMENDED AND RESTATED MASTER ASSESSMENT METHODOLOGY

Capital Improvement Plan ("CIP") (1)	Total Cost Estimate	
Offsite Improvements	$	7,675,609	
Stormwater Management	$	14,416,699	
Utilities (Water, Sewer, & Street Lighting)	$	12,281,092	
Roadway	$	14,700,274	
Entry Feature	$	655,407	
Parks and Amenities	$	2,752,710	
Contingencies	$	4,369,504	
	$	56,851,293	

(1) A detailed description of these improvements is provided in the Third Amended and Restated Engineer's Report dated October 2021.

Prepared by: Governmental Management Services - Central Florida, LLC

TABLE 3
NORTH POWERLINE ROAD COMMUNITY DEVELOPMENT DISTRICT BOND SIZING
AMENDED AND RESTATED MASTER ASSESSMENT METHODOLOGY

Bond Sizing
Description	Total

Construction Funds
Debt Service Reserve Capitalized Interest Underwriters Discount Cost of Issuance Contingency

$	56,851,293
$	5,303,371
$	8,760,000
$	1,460,000
$	220,000
$	405,336

Par Amount*	$	73,000,000

Bond Assumptions:

Average Coupon
Amortization Capitalized Interest Debt Service Reserve Underwriters Discount

6.00%
30 years
36 months Max Annual
2%

* Par amount is subject to change based on the actual terms at the sale of the bonds Prepared by: Governmental Management Services - Central Florida, LLC

TABLE 4
NORTH POWERLINE ROAD COMMUNITY DEVELOPMENT DISTRICT ALLOCATION OF IMPROVEMENT COSTS
AMENDED AND RESTATED MASTER ASSESSMENT METHODOLOGY

Land Use	No. of Units *	ERU Factor	Total ERUs	% of Total
ERUs	Total Improvements
Costs Per Product Type	Improvement Costs
Per Unit	
TH/20' Lot	832	0.50	416.0	28%	$	15,671,424	$	18,836	
40' Lot	845	1.00	845.0	56%	$	31,832,580	$	37,672	
50' Lot	136	1.25	170.0	11%	$	6,404,188	$	47,090	
55' and 65' Lot	51	1.38	70.1	5%	$	2,641,727	$	51,799	
80' Lot	4	2.00	8.0	1%	$	301,374	$	75,343	
	1,868		1,509	100%	$	56,851,293		

* Unit mix is subject to change based on marketing and other factors

TABLE 5
NORTH POWERLINE ROAD COMMUNITY DEVELOPMENT DISTRICT ALLOCATION OF TOTAL PAR DEBT TO EACH PRODUCT TYPE AMENDED AND RESTATED MASTER ASSESSMENT METHODOLOGY

Total Improvements	Allocation of Par

Land Use

No. of Units *

Costs Per Product
Type

Debt Per Product	Per Unit Revised

Type

Par

TH/20' Lot	832	$	15,671,424	$	20,122,919	$	24,186	
40' Lot	845	$	31,832,580	$	40,874,679	$	48,372	
50' Lot	136	$	6,404,188	$	8,223,308	$	60,466	
55' and 65' Lot	51	$	2,641,727	$	3,392,115	$	66,512	
80' Lot		4	$	301,374	$	386,979	$	96,745 	
		1,868	$	56,851,293	$	73,000,000		

Unit mix is subject to change based on marketing and other factors

TABLE 6
NORTH POWERLINE ROAD COMMUNITY DEVELOPMENT DISTRICT PAR DEBT AND ANNUAL ASSESSMENTS FOR EACH PRODUCT TYPE AMENDED AND RESTATED MASTER ASSESSMENT METHODOLOGY

Land Use	

No. of Units *	
Allocation of Par Debt Per Product Type	
Total Par Debt Per Unit	
Maximum Annual Debt Service	Net Annual Debt Assessment Per Unit	Gross Annual Debt Assessment Per Unit (1)	
TH/20' Lot	832	$	20,122,919	$	24,186	$	1,461,908	$	1,757	$	1,889	
40' Lot	845	$	40,874,679	$	48,372	$	2,969,501	$	3,514	$	3,779	
50' Lot	136	$	8,223,308	$	60,466	$	597,414	$	4,393	$	4,723	
55' and 65' Lot	51	$	3,392,115	$	66,512	$	246,433	$	4,832	$	5,196	
80' Lot		4	$	386,979	$	96,745  $	28,114  $	7,028  $	7,557 	
		1,868	$	73,000,000	$	5,303,371		

(1) This amount includes estimated collection fees and early payment discounts when collected on the Polk County Tax Bill

Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

TABLE 7
NORTH POWERLINE ROAD COMMUNITY DEVELOPMENT DISTRICT PRELIMINARY ASSESSMENT ROLL
AMENDED AND RESTATED MASTER ASSESSMENT METHODOLOGY

Platted Lots		
				Total Par Debt	Net Annual Debt	Gross Annual	
				Allocation Per	Assessment	Debt Assessment	
Owner	Property ID #'s	Lot Size	Unit Count	Lot	Allocation	Allocation (1)	
JMBI REAL ESTATE LLC	272634710501000010	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000020	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000030	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000040	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000050	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000060	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000070	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000080	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000090	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000100	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000110	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000120	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000130	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000140	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000150	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000160	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000170	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000180	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000190	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000200	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000210	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000220	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000230	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000240	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000250	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501000260	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501000270	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501000280	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501000290	55/65	1	$	66,512	$	4,832	$	5,196	

Owner	
Property ID #'s	
Lot Size	
Unit Count	Total Par Debt Allocation Per Lot	Net Annual Debt Assessment Allocation	Gross Annual Debt Assessment Allocation (1)	
JMBI REAL ESTATE LLC	272634710501000300	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501000310	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501000320	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501000330	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501000340	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501000350	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501000360	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501000370	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501000380	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501000390	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501000400	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501000410	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501000420	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501000430	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501000440	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000450	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000460	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000470	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000480	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000490	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000500	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000510	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000520	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000530	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000540	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000550	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000560	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000570	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000580	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000590	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000600	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000610	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000620	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000630	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000640	40	1	$	48,372	$	3,514	$	3,779	

Owner	
Property ID #'s	
Lot Size	
Unit Count	Total Par Debt Allocation Per Lot	Net Annual Debt Assessment Allocation	Gross Annual Debt Assessment Allocation (1)	
JMBI REAL ESTATE LLC	272634710501000650	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000660	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000670	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000680	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000690	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000700	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000710	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000720	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000730	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000740	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000750	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000760	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000770	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000780	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000790	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000800	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000810	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000820	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000830	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000840	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000850	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000860	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000870	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000880	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000890	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000900	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000910	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000920	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000930	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501000940	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501000950	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501000960	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501000970	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501000980	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501000990	55/65	1	$	66,512	$	4,832	$	5,196	

Owner	
Property ID #'s	
Lot Size	
Unit Count	Total Par Debt Allocation Per Lot	Net Annual Debt Assessment Allocation	Gross Annual Debt Assessment Allocation (1)	
JMBI REAL ESTATE LLC	272634710501001000	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501001010	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501001020	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501001030	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501001040	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501001050	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501001060	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501001070	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501001080	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501001090	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501001100	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501001110	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001120	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001130	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001140	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001150	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001160	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001170	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001180	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001190	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001200	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001210	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001220	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001230	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001240	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001250	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001260	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001270	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001280	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001290	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001300	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001310	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001320	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001330	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001340	40	1	$	48,372	$	3,514	$	3,779	

Owner	
Property ID #'s	
Lot Size	
Unit Count	Total Par Debt Allocation Per Lot	Net Annual Debt Assessment Allocation	Gross Annual Debt Assessment Allocation (1)	
JMBI REAL ESTATE LLC	272634710501001350	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001360	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001370	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001380	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001390	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001400	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001410	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001420	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001430	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001440	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001450	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001460	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001470	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001480	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001490	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501001500	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501001510	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501001520	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501001530	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501001540	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501001550	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501001560	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501001570	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501001580	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501001590	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501001600	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501001610	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501001620	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501001630	55/65	1	$	66,512	$	4,832	$	5,196	
JMBI REAL ESTATE LLC	272634710501001640	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001650	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001660	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001670	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001680	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001690	40	1	$	48,372	$	3,514	$	3,779	

Owner	
Property ID #'s	
Lot Size	
Unit Count	Total Par Debt Allocation Per Lot	Net Annual Debt Assessment Allocation	Gross Annual Debt Assessment Allocation (1)	
JMBI REAL ESTATE LLC	272634710501001700	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001710	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001720	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001730	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001740	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001750	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001760	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001770	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001780	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001790	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001800	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001810	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001820	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001830	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001840	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001850	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001860	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001870	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001880	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001890	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001900	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001910	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001920	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001930	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001940	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001950	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001960	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001970	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001980	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501001990	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002000	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002010	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002020	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002030	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002040	40	1	$	48,372	$	3,514	$	3,779	

Owner	
Property ID #'s	
Lot Size	
Unit Count	Total Par Debt Allocation Per Lot	Net Annual Debt Assessment Allocation	Gross Annual Debt Assessment Allocation (1)	
JMBI REAL ESTATE LLC	272634710501002050	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002060	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002070	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002080	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002090	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002100	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002110	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002120	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002130	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002140	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002150	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002160	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002170	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002180	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002190	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002200	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002210	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002220	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002230	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002240	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002250	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002260	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002270	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002280	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002290	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002300	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002310	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002320	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002330	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002340	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002350	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002360	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002370	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002380	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002390	40	1	$	48,372	$	3,514	$	3,779	

Owner	
Property ID #'s	
Lot Size	
Unit Count	Total Par Debt Allocation Per Lot	Net Annual Debt Assessment Allocation	Gross Annual Debt Assessment Allocation (1)	
JMBI REAL ESTATE LLC	272634710501002400	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002410	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002420	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002430	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002440	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002450	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002460	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002470	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002480	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002490	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002500	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002510	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002520	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002530	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002540	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002550	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002560	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002570	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002580	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002590	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002600	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002610	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002620	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002630	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002640	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002650	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002660	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002670	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002680	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002690	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002700	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002710	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002720	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002730	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002740	40	1	$	48,372	$	3,514	$	3,779	

Owner	
Property ID #'s	
Lot Size	
Unit Count	Total Par Debt Allocation Per Lot	Net Annual Debt Assessment Allocation	Gross Annual Debt Assessment Allocation (1)	
JMBI REAL ESTATE LLC	272634710501002750	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002760	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002770	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002780	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002790	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002800	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002810	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002820	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002830	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002840	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002850	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002860	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002870	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002880	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002890	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002900	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002910	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002920	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002930	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002940	40	1	$	48,372	$	3,514	$	3,779	
JMBI REAL ESTATE LLC	272634710501002950	40	1	$	48,372	$	3,514	$	3,779	
Platted Totals		295	$	15,194,981	$	1,103,899  $	1,186,988 	
			
Par Per Undeveloped	
Total Par	
Net Annual Assessment	
Gross Annual Assessment	
			Acre	Allocated	Allocation	Allocation	
CH Dev LLC	272634710501002980	6.47	$ 142,044.53	$	919,028	$	66,766  $	71,792	
CH Dev LLC	272703000000011010	21.63	$ 142,044.53	$	3,072,423	$	223,208  $	240,009	
CH Dev LLC	272703713500010203	10.03	$ 142,044.53	$	1,424,707	$	103,503  $	111,294	
CH Dev LLC	272703713500010294	0.81	$ 142,044.53	$	115,056	$	8,359  $	8,988	
CH Dev LLC	272703713500010282	2.47	$ 142,044.53	$	350,850	$	25,489  $	27,407	
CH Dev LLC	272703713500010220	9.78	$ 142,044.53	$	1,389,195	$	100,924  $	108,520	
CH Dev LLC	272703713500010231	18.26	$ 142,044.53	$	2,593,733	$	188,432  $	202,615	
CH Dev LLC	272702713000030172	20.13	$ 142,044.53	$	2,859,356	$	207,729  $	223,365	

	Par Per
Undeveloped Acre	
Total Par Allocated	Net Annual
Assessment Allocation	Gross Annual
Assessment Allocation	
Lowey Watters Investors LLC	272702713000040170	9.44	$ 142,044.53	$	1,340,900	$	97,415	$	104,747	
Northeast Polk Land Investments LLC	272702713000040310	9.45	$ 142,044.53	$	1,342,321	$	97,518	$	104,858	
Northeast Polk Land Investments LLC	272703713500020070	9.66	$ 142,044.53	$	1,372,150	$	99,685	$	107,188	
GLK Real Estate LLC	272710730000010901	5.48	$ 142,044.53	$	778,404	$	56,550	$	60,807	
GLK Real Estate LLC	272710730000011202	7.41	$ 142,044.53	$	1,052,550	$	76,467	$	82,222	
Northeast Polk Land Investments LLC	272710730000012000	13.23	$ 142,044.53	$	1,879,249	$	136,525	$	146,802	
Cassidy Property Investments LLC	272710730000012200	9.67	$ 142,044.53	$	1,373,571	$	99,788	$	107,299	
Cassidy Property Investments LLC	272710730000020500	9.59	$ 142,044.53	$	1,362,207	$	98,963	$	106,412	
Cassidy Property Investments LLC	272710733500006011	0.32	$ 142,044.53	$	45,454	$	3,302	$	3,551	
Flanagan Kenneth Walter Jr	272702713000040190	9.66	$ 142,044.53	$	1,372,150	$	99,685	$	107,188	
Smith Gerald S	272702713000040210	9.63	$ 142,044.53	$	1,367,889	$	99,376	$	106,856	
Smith Gerald S	272702713000040230	9.45	$ 142,044.53	$	1,342,321	$	97,518	$	104,858	
Smith Gerald S	272702713000040251	4.71	$ 142,044.53	$	669,030	$	48,604	$	52,263	
Smith Gerald S	272702713000040260	3.00	$ 142,044.53	$	426,134	$	30,958	$	33,288	
CH Dev LLC	272710730000021201	3.94	$ 142,044.53	$	559,655	$	40,658	$	43,719	
Cassidy Property Investments LLC	272710730000022200	4.95	$ 142,044.53	$	703,120	$	51,081	$	54,926	
JMBI Real Estate	272710730000022700	9.90	$ 142,044.53	$	1,406,241	$	102,162	$	109,851	
Nielsen Jan Douglas	272715739500010050	9.81	$ 142,044.53	$	1,393,457	$	101,233	$	108,853	
Nielsen Jan Douglas	272715739500010011	19.13	$ 142,044.53	$	2,717,312	$	197,410	$	212,269	
Cassidy Property Investments LLC	272715740000000010	24.58	$ 142,044.53	$	3,491,454	$	253,650	$	272,742	
Barnhill Teressa Ann	272702713000030191	30.95	$ 142,044.53	$	4,396,278	$	319,385	$	343,425	
Williams Terry	272702713000030211	31.54	$ 142,044.53	$	4,480,084	$	325,473	$	349,971	
GLK Real Estate LLC	272710730000010904	0.54	$ 142,044.53	$	76,704	$	5,572	$	5,992	
JMBI REAL ESTATE LLC	272634710501002960	71.33	$ 142,044.53	$	10,132,036	$	736,081	$	791,485	
Unplatted Totals		406.95	$	57,805,019	$	4,199,472	$	4,515,561 	
Totals		$	73,000,000	$	5,303,371	$	5,702,549	
					
Annual Assessment Periods	30				
Projected Bond Rate (%)	6.00%				
Maximum Annual Debt Service	$5,303,371				

Prepared by: Governmental Management Services - Central Florida, LLC					

SUPPLEMENTAL
ASSESSMENT METHODOLOGY - SERIES 2022 ASSESSMENT AREA

FOR

NORTH POWERLINE ROAD COMMUNITY DEVELOPMENT DISTRICT

Date: May 25, 2022

Prepared by

Governmental Management Services - Central Florida, LLC 219 E. Livingston St.
Orlando, FL 32801

Table of Contents
Introduction	3
Purpose	3
Background	3
Special Benefits and General Benefits	4
Requirements of a Valid Assessment Methodology	5
Special Benefits Exceed the Costs Allocated	5
Assessment Methodology	5
Overview	5
Allocation of Debt	6
Allocation of Benefit	6
Lienability Test: Special and Peculiar Benefit to the Property	7
Lienability Test: Reasonable and Fair Apportionment of the Duty to Pay Non-Ad Valorem Assessments	7
3.0 True-Up Mechanism	8
4.0 Assessment Roll	8
5.0 Appendix	9
Table 1: Development Program	9
Table 2: Capital Improvement Cost Estimates	10
Table 3: Bond Sizing	1.1
Table 4: Allocation of Improvement Costs	12
Table 5: Allocation of Total Par Debt to Each Product Type	13
Table 6: Par Debt and Annual Assessments	14
Table 7: Preliminary Assessment Roll	15

GMS-CF, LLC does not represent the North Powerline Road Community Development District as a Municipal Advisor or Securities Broker nor is GMS-CF, LLC registered to
provide such services as described in Section 158 of the Securities and Exchange Act of 1934, as amended. Similarly, GMS-CF, LLC
does not provide the North Powerline Road Community Development District with financial advisory services or offer investment advice in any form.

Introduction

The North Powerline Road Community Development District (the "District") is a local unit of special-purpose government organized and existing under Chapter 190, Florida Statutes as amended. The District anticipates issuing $11,000,000 of tax-exempt bonds (the "Series 2022 Bonds") for the purpose of financing certain infrastructure improvements for Phase 3 and Phase 4 (the "Series 2022 Project") within the District more specifically described in the Third Amended and Restated Engineer's Report for Capital Improvements dated February 2022 prepared by Absolute Engineering, Inc., as may be amended and supplemented from ti.me to ti.me (the "Engineer's Report"). The District anticipates the construction of all or a portion of the Series 2022 Project that benefit property owners within the District.

Purpose

This Supplemental Assessment Methodology (the"Assessment Report") supplements the Amended and Restated Master Assessment Methodology, dated January 19, 2022. The Assessment Report provides for an assessment methodology that allocates the Series 2022 Special Assessments to benefiting properties within the District boundaries known as the Series 2022 Assessment Area ("Series 2022 Assessment Area"). This Assessment Report allocates the debt to properties based on the special benefits each receives from the Series 2022 Project. This Assessment Report may be supplemented with one or more supplemental methodology reports to reflect the actual terms and conditions at the ti.me of the issuance. This Assessment Report is designed to conform to the requirements of Chapters 190, 197 and 170, Florida Statutes with respect to special assessments and is consistent with our understanding of case law on this subject.

The District intends to impose non ad valorem special assessments on the benefited lands within the District based on this Assessment Report. It is anticipated that all of the proposed special assessments will be collected through the Uniform Method of Collection described in Chapter 197.3632, Florida Statutes or any other legal means available to the District. It is not the intent of this Assessment Report to address any other assessments, if applicable, that may be levied by the District, a homeowner's association, or any other unit of government.

Background

The District currently includes approximately 430.38 acres in Polk County, Florida. The development program for the Series 2022 Assessment Area of the District currently envisions approximately 470 residential units. The proposed development program is depicted in Table 1. It is recognized that such land use plan may change, and this Assessment Report will be modified or supplemented accordingly.

The improvements contemplated by the District in the Series 2022 Project will provide facilities that benefit certain property within the Series 2022 Assessment Area of the District. Specifically, the District will construct and/or acquire certain offsite improvements, stormwater management facilities, utility facilities, roadways, entry features, and park and amenity features. The acquisition and constrw:tion costs are summarized in Table 2.

The assessment methodology is a four-step process.

The District Engineer must first determine the public infrastructure improvements that may be provided by the District and the costs to implement the Series 2022 Project.
The District Engineer determines the assessable acres that benefit from the District's Series 2022 Project.
A calculation is made to determine the funding amounts necessary to acquire and/ or construct the Series 2022 Project.
This amount is initially divided equally among the benefited properties on a prorated assessable acreage basis. Ultimately, as land is platted, this amount will be assigned to each of the benefited properties based on the number of platted units.

Special Benefits and General Benefits

Improvements undertaken by the District create special and peculiar benefits to the property within the Series 2022 Assessment Area, different in kind and degree than general benefits, for properties within its borders as well as general benefits to the public at large.

However, as discussed within this Assessment Report, these general benefits are incidental in nature and are readily distinguishable from the special and peculiar benefits, which accrue to property within the District. The implementation of the Series 2022 Project enables properties within the boundaries of the District to be developed. Without the District's Serie 2022 Project, there would be no infrastructure to support development of land within the Series 2022 Assessment Area of the District. Without these improvements, development of the property within the Series 2022 Assessment Area of District would be prohibited by law.

There is no doubt that the general public and property owners outside of the District will benefit from the provision of the Series 2022 Project. However, these benefits will be incidental for the purpose of the Series 2022 Project, which is designed solely to meet the needs of property within the Series 2022 Assessment Area of the District. Properties outside of the Series 2022 Assessment Area of District boundaries do not depend upon the District's Series 2022 Project. The property owners within the District are therefore receiving special benefits not received by those outside the Series 2022 Assessment Area of the District's boundaries.

Requirements of a Valid Assessment Methodology

There are two requirements under Florida law for a valid special assessment:

The properties must receive a special benefit from the improvements being paid for.
The assessments must be fairly and reasonably allocated to the properties being assessed based on the special benefit such properties receive.

Florida law provides for a wide application of special assessments that meet these two characteristics of special assessments.

Special Benefits Exceed the Costs Allocated

The special benefits provided to the property owners within the District will be greater than the costs associated with providing these benefits. The District Engineer estimates that the District's Series 2022 Project that is necessary to support full development of• property within the District will cost approximately $12,525,000. The District's Underwriter projects that financing costs required to fund a portion of the Series 2022 Project costs, the cost of issuance of the Series 2022 Bonds, the funding of a debt service reserve account and capitalized interest, is $11,000,000. GLK Real Estate, LLC and CH Dev, LLC as developers (the "Developer") would fund any additional funds needed to complete the Series 2022 Project. Without the Series 2022 Project, the property within the District would not be able to be developed and occupied by future residents of the community.

Assessment Methodology

Overview

The District anticipates issuing $11,000,000 in Series 2022 Bonds to fund a portion of the District's Series 2022 Project, provide for capitalized interest, a debt service reserve account and pay cost of issuance. It is the purpose of this Assessment Report to allocate the
$11,000,000 in debt to the properties benefiting from the Series 2022 Project. This report will be supplemented to reflect actual bond terms.

Table 1 identifies the land uses as identified by the Developer within Series 2022 Assessment Area of the District. The District has approved an Engineer's Report that includes estimated construction costs for the Series 2022 Project needed to support the development, which these construction costs are outlined in Table 2. The improvements needed to support the development are described in detail in the Engineer's Report and are estimated to cost $12,525,000. The size of the bond issue under current market conditions needed to generate funds to pay for a portion of the Series 2022 Project and related costs was determined by the District's Underwriter to total $11,000,000. It is anticipated that the District will issue less than the full cost to complete the Series 2022

Project. The Developer will pay the cost to complete the Series 2022 Project. This obligation is anticipated to be formalized by a Completion Agreement executed at the time of the issuance of bonds. Table 3 shows the breakdown of the bond sizing.

Allocation of Debt

Allocation of debt is a continuous process until the development plan for Series 2022 Assessment Area of the District is completed. Until the platting process occurs, the Series 2022 Project funded by Assessment Area Two District bonds benefits all developable property within the Series 2022 Assessment Area of the District.

The initial assessments will be levied on an equal basis to all gross acreage within the Series 2022 Assessment Area of District. A fair and reasonable methodology allocates the debt incurred by the District proportionately to the properties receiving the special benefits. At this point all of the lands within the District are benefiting equally from the improvements.

Once platting or the recording of a declaration of condominium of any portion of the District into individual lots or units ("Assigned Properties") has begun, the assessments will be approved to the Assigned Properties based on the benefits they receive, on a first platted, first assigned basis. The "Unassigned Properties" defined as property that has not been platted or subjected to a declaration of condominium, will continue to be assessed on a per acre basis. Eventually the development plan will be completed and the debt relating to the bonds will be allocated to the platted units within the District, which are the beneficiaries of the Series 2022 Project, as depicted in Table 5 and Table 6. If there are changes to development plan, a true up of the assessment will be calculated to determine if a debt reduction or true-up payment from the Developer is required. The process is outlined in Section 3.0. Developer is contributing infrastructure to reduce par debt to bring debt allocations to target levels.

The assignment of debt in this Assessment Report sets forth the process by which debt is apportioned. As mentioned herein, this Assessment Report may be supplemented from time to time.

Allocation of Benefit

The Series 2022 Project consists of offsite improvements, stormwater management facilities, utility facilities, roadways, entry features, and park and amenity features and professional fees along with related incidental costs. There are two product types within the planned development. The single family 40/ 45' home has been set as the base unit and has been assigned one equivalent residential unit ("ERU"). The Townhome lot is set at .5 ERU. Table 4 shows the allocation of benefit to the particulaI land uses. It is important to note that the benefit derived from the improvements on the particular units exceeds the cost that the units will be paying for such benefits.

Lienability Test: Special and Peculiar Benefit to the Property

Construction and/ or acquisition by the District of its proposed Series 2022 Project will provide several types of systems, facilities and services for its residents. These include offsite improvements, stormwater management facilities, utility facilities, roadways, entry features, and park and amenity features. These improvements accrue in differing amounts and are somewhat dependent on the type of land use receiving the special benefits peculiar to those properties, which flow from the logical relationship of the improvements to the properties.

Once these determinations are made, they are reviewed in the light of the special benefits peculiar to the property, which flow to the properties as a result of their logical <ronnection from the improvements in fact actually provided.

For the provision of the Series 2022 Project, the special and peculiar benefits are:

the added use of the property,
added enjoyment of the property, and
the probability of increased marketability and value of the property.

These special and peculiar benefits are real and ascertainable but are not yet capable of being calculated as to value with mathematical certainty. However, each is more valuable than either the cost of, or the actual non-ad valorem special assessment levied for the improvement or the debt as allocated.

Lienability Test: Reasonable and Fair Apportionment of the Duty to Pay Non-Ad Valorem Assessments

A reasonable estimate of the proportion of special and peculiar benefits received from the public Improvements described in the Engineer's Report is delineated in Table 5 (expressed as Allocation of Par Debt per Product Type). This is also shown on Table 7 depicting Allocation of Par Debt per Product Type.

The determination has been made that the duty to pay the non-ad valorem special assessments is fairly and reasonably apportioned because the special and peculiar benefits to the property derived from the acquisition and/or construction of the Series 2022 Project have been apportioned to the property within the Assessable Parcels according to reasonable estimates of the special and peculiar benefits provided consistent with theJand use categories.

Accordingly, no acre or parcel of property within the boundaries of the Assessable Parcels will have a lien for the payment of any non-ad valorem special assessment more than the determined special benefit peculiar to that property and therefore, the debt allocation will not be increased more than the debt allocation set forth in this Assessment Report.

In accordance with the benefit allocation suggested for the product types in Table 4, a total debt per unit and an annual assessment per unit have been calculated for each product type (Table 6). These amounts represent the preliminary anticipated per unit debt allocation assuming all anticipated units are built and sold as planned, and the entire proposed Series 2022 Project is constructed.

3.0	True Up Mechanism

Although the District does not process plats, declaration of condominiums, site plans or revisions thereto for the Developer, it does have an important role to play during the course of platting and site planning. Whenever a plat, declaration of condominium or site plan is processed, the District must allocate a portion of its debt to the property according to this Assessment Report outlined herein. In addition, the District must also prevent any buildup of debt on Unassigned Properties. Otherwise, the land could be fully conveyed and/ or platted without all of the debt being allocated. To preclude this, when platting for 25%, 50%, 75% and 100% of the units planned for platting has occurred within the Series 2022 Assessment Area of the District, the District will determine the amount of anticipated assessment revenue that remains on the Unassigned Properties, taking into account the full development plan of the Series 2022 Assessment Area of the District. If the total anticipated assessment revenue to be generated from the Assigned d Unassigned Properties is greater than or equal to the maximum annual debt service, then no debt reduction or true-up payment is required. In the case that the revenue generated is less then the required amount then a debt reduction or true-up payment by the landowner in the amount necessary to reduce the par amount of the outstanding bonds plus accrued interest to a level that will be supported by the new net annual debt service assessments will be required.

If a true-up payment is made less than 45 days prior to an interest payment date, the amount of accrued interest will be calculated to the next succeeding interest payment date.

4.0	Assessment Roll

The District will initially distribute the liens across the 470 lots planned for the Series 2022 Assessment Area within the District boundaries on a gross acreage basis. As Assigned Properties become known with certainty, the District will refine its allocation of debt from a per acre basis to a per unit basis as shown in Table 6. If the land use plan changes, then the District will update Table 6 to reflect the changes as part of the foregoing true-up process. As a result, the assessment liens are neither fixed nor are they determinable with certainty on any acre of land in the District prior to the time final Assigned Properties become known. The current assessment roll is attached as Table 7.

9

TABLE 1
NORTH POWER LINE ROAD COMMUNITY DEVELOPMENT DISTRICT DEVELOPMENT PROGRAM
SUPPLEMENTAL ASSESSMENT METHODOLOGY - SERIES 2022 ASSESSMENT AREA

 Land Use	District	ERUs per Unit (1)		Total ERUs

Deer Run Phase 3- Single Family	162	1.00	162	
Horse Creek Phase 4- Townhome	300	0.5	150	
Horse Creek Phase 4 - Single Family	8	1.00	8	
Total Units	470		320	

(1) Benefit is allocated on an ERU basis; based on density of planned development, with Single Family= 1 ERU
* Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

10

TABLE 2
NORTH POWERLINE ROAD COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT PLAN COST ESTIMATES
SUPPLEMENTAL ASSESSMENT METHODOLOGY - SERIES 2022 ASSESSMENTAREA

	Series 2022 Project ("CIP") (1)		Phase 3	Phase 4	Total	
	Offsite Improvements	$	819,867	$	1,297,418	$	2,117,285	
	Stormwater Management	$	1,379,692	$	2,183,327	$	3,563,019	
	Utilities (Water, Sewer, & Street Lighting)	$	1,258,392	$	1,991,374	$	3,249,766	
	Roadway	$	603,766	$	955,444	$	1,559,210	
	Entry Feature	$	66,803	$	105,713	$	172,516	
	Parks and Amenities	$	280,571	$	443,996	$	724,567	
	Contingencies	$	440,909	$	697,729	$	1,138,638	
	$	4,850,000	$	7,675,000	$	12,525,000	

(1) A detailed description of these improvements is provided in the Third Amended and Restated Engineer's Report dated February 2022

TABLE 3
NORTH POWERLINE ROAD COMMUNITY DEVELOPMENT DISTRICT BOND SIZING
SUPPLEMENTAL ASSESSMENT METHODOLOGY - SERIES 2022 ASSESSMENT AREA

Description
Construction Funds - Horse Creek Construction Funds - Deer Run Debt Service Reserve
Capitalized Interest Underwriters Discount Cost of lssuanee

Par Amount*

Total
$	5,198,673
$	4,368,387
$	758,588
$	239,566
$	220,000
$	214,787

$	11,000,000

11

Bond Assumptions:

Average Coupon Amortization Capitalized Interest Debt Service Reserve
Underwriters Discount

5.60%
30 years
5 months Max Annual
2%

* Par amount is subject to change based on the actual terms at the sale of the bonds

12

TABLE 4
NORTH POWERLINE ROAD COMMUNITY DEVELOPMENT DISTRICT ALLOCATION OF IMPROVEMENT COSTS
SUPPLEMENTAL ASSESSMENT METHODOLOGY - SERIES 2022 ASSESSMENT AREA

% of Total	Total lmprovements--lmprovement
Land Use	No. of Units*	ERU Factor	Total ERUs	ERUs	 Costs Per Product Type 	Costs Per Unit	
Deer Run Phase 3- Single Family	162	1.00	162	50.63%	$	4,850,000	$	29,938	
Horse Creek Phase 4 -Townhome	300	a.so	150	46.88%	$	7,286,392	$	24,288	
Horse Creek Phase 4 - Single Family	8	1.00	8	2.50%	$	388,608	$	48,576	
Totals	470	320	100.00%	$	12,525,000		

* Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

13

TABLE 5
NORTH POWERLINE ROAD COMMUNITY DEVELOPMENT DISTRICT ALLOCATION OF TOTAL PAR DEBT TO EACH PRODUCT TYPE
SUPPLEMENTAL ASSESSMENT METHODOLOGY - SERIES 2022 ASSESSMENT AREA

Total Improvements Costs Per Product
Land Use	No. of Units * 	 Type	
Par Debt at Issue Per Product Type - Before Developer Contribution	

Developer Contribution	
Par Debt Per Product Type After Developer Contributon	

Per Unit Revised Par	

Deer Run Phase 3- Single Family	
162	
$	4,850,000	
$	6,225,828	
$	1,203,151	
$	5,022,677	
$	31,004	
Horse Creek Phase 4 -Townhome	300	$	7,286,392	$	5,764,655	$	-	$	5,764,655	$	19,216	
Horse Creek Phase 4 - Single Family	8	$	388,608	$	307,448	$	94,781	$	212,667	$	26,583	
Totals	470	$	12,525,000	$	12,297,932	$	1,297,932	$	11,000,000	

Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

14

TABLE 6
NORTH POWERLINE ROAD COMMUNITY DEVELOPMENT DISTRICT PAR DEBT AND ANNUAL ASSESSMENTS FOR EACH PRODUCT TYPE
SUPPLEMENTAL ASSESSMENT METHODOLOGY - SERIES 2022 ASSESSMENT AREA

Allocation of Par Debt Per Product	

Total Par Debt Per	
Maximum Annual Debt	Net Annual
Debt Assessment	Gross Annual
Debt Assessment	
Land Use	No. of Units*	Type		Unit	Service	Per Unit	Per Unit (1) 	
Deer Run Phase 3- Single Family	162	$	5,022,677	$	31,004	$	346,376	$	2,138	$	2,299	
Horse Creek Phase 4 - Townhome	300	$	5,764,655	$	19,216	$	397,545	$	1,325	$	1,425	
Horse Creek Phase 4 - Single Family	8	$	212,667	$	26,583	$	14,666	$	1,833	$	1,971	
Totals	470	$	11,000,000	$	758,588		

(1) This amount includes an estimated 7% collection fees and early payment discounts when collected on the Polk County Tax Bill

Unit mix is subject to change based on marketing and other factors

15

TABLE 7
NORTH POWERLINE ROAD COMMUNITY DEVELOPMENT DISTRICT PRELIMINARY ASSESSMENT ROLL
SUPPLEMENTAL ASSESSMENT METHODOLOGY - SERIES 2022 ASSESSMENT AREA

Owner	

Property ID #'s	

Acres	Total Par Debt Allocation Per
Acre	
Total Par Debt Allocated	Net Annual Debt Assessment Allocation	Gross Annual Debt Assessment Allocation (1)	

CH DEV LLC	
See attached legal	
53.14	
$122,375	
$	6,502,737	
$	448,445	
$	482,199	
GLK REAL ESTATE, LLC	27-27-10-730000-012000	13.23	$122,375	$	1,619,015	$	111,651	$	120,055	
GLK REAL ESTATE, LLC	27-27-10- 733500-006011	0.32	$122,375	$	39,160	$	2,701	$	2,904	
GLK REAL ESTATE, LLC	27-27-10-730000-020500	9.59	$122,375	$	1,173,572	$	80,932	$	87,024	
GLK REAL ESTATE, LLC	27-27-10-730000-012200	9.67	$122,375	$	1,183,362	$	81,608	$	87,750	
CH DEV LLC	27-27-10-730000-021201	3.94	$122,375	$	482,156	$	33,251	$	35,753	
Totals	89.89	$	11,000,000	$	758,588	$	815,685	

(1) This amount includes an estimated 7% to cover collection fees and early payment discounts when collected utilizing the uniform method.

Annual Assessment Periods Projected Bond Rate (%)
Maximum Annual Debt Service

30
5.60%
$758,588

Exhibit C
Legal Description of Series 2022 Assessment Area

PHASE 3:
PARCEL 17: (272710-730000-012000)
LOT 21 AND THE EAST 264 FEET OF LOT 20 IN THE NE 1/4 OF SECTION 10, TOWNSHIP 27 SOUTH, RANGE 27 EAST, OF FLORIDA DEVELOPMENT COMPANY TRACT, ACCORDING TO THE MAP OR PLAT THEREOF AS RECORDED IN PLAT BOOK 3, PAGE 60, PUBLIC RECORDS OF POLK COUNTY, FLORIDA, LESS AND EXCEPT THE NORTH 226.0 FEET OF THE EAST 175.4 FEET OF SAID LOT 21.

AND
TRACT 28 IN THE NE 1/4 OF SECTION 10, TOWNSHIP 27 SOUTH, RANGE 27 EAST, OF FLORIDA DEVELOPMENT COMPANY TRACT, ACCORDING TO THE MAP OR PLAT THEREOF AS RECORDED IN PLAT BOOK 3, PAGE 60, PUBLIC RECORDS OF POLK COUNTY, FLORIDA; LESS AND EXCEPT THE SOUTH 25 FEET THEREOF FOR ROAD RIGHT-OF-WAY CONVEYED TO POLK COUNTY IN O.R. BOOK 1234, PAGE 482, PUBLIC RECORDS OF POLK COUNTY, FLORIDA.

PARCEL 18: (272710-730000-012200)
LOTS 22 AND 23 IN THE NE 1/4 OF SECTION 10, TOWNSHIP 27 SOUTH, RANGE 27 EAST, FLORIDA DEVELOPMENT COMPANY TRACT, ACCORDING TO THE MAP OR PLAT THEREOF AS RECORDED IN PLAT BOOK 3, PAGE 60, PUBLIC RECORDS OF POLK COUNTY, FLORIDA.
LESS AND EXCEPT
A PORTION OF TRACT 22 IN THE NE 114 OF SECTION 10, TOWNSHIP 27 SOUTH, RANGE 27 EAST, FLORIDA DEVELOPMENT CO. TRACT, ACCORDING TO THE MAP OR PLAT THEREOF AS RECORDED IN PLAT BOOK 3, PAGE 60, PU BLIC RECORDS OF POLK COUNTY, FLORIDA, BEING DESCRIBED AS FOLLOWS:
COMMENCE AT THE NORTHWEST CORNER OF SAID TRACT 22; THENCE NORTH 89°43'39" EAST ALONG THE NORTH LINE OF SAID TRACT 22, A DISTANCE OF 223.00 FEET TO THE POINT OF BEGINNING; THENCE SOUTH 00°16'21" EAST, 120.00 FEET; THENCE NORTH 89°43'39" EAST, 110.00 FEET; THENCE NORTH 00°16'21" WEST, 120.00 FEET TO SAID NORTH LINE OF TRACT 22; THENCE SOUTH 89°43'39" WEST ALONG SAID NORTH LINE OF TRACT 22, A DISTANCE OF 110.00 FEET TO THE POINT OF BEGINNING.
PARCEL 19: (272710-730000-020500, 272710-733500-006011)

TRACTS 5 AND 6 IN SE 1/4 OF SECTION 10, TOWNSHIP 27 SOUTH, RANGE 27 EAST, FLORIDA DEVELOPMENT COMPANY TRACT, ACCORDING TO THE MAP OR PLAT THEREOF AS RECORDED IN PLAT BOOK 3, PAGE 60, PUBLIC RECORDS OF POLK COUNTY, FLORIDA, LESS THE NORTH 25 FEET FOR ROAD RIGHT-OF-WAY.

AND

THE WEST 45 FEET OF BLOCK 6, AND THE WEST 45 FEET OF SYLVAN WAY, DRUID HILLS UNIT NUMBER ONE ACCORDING TO THE MAP OR PLAT THEREOF AS RECORDED IN PLAT BOOK 15, PAGE 19, PUBLIC RECORDS OF POLK COUNTY, FLORIDA.
PARCEL NUMBER 26:  (272710-730000-021201)
THE W 1/2 OF SW 1/4 OF NE 1/4 OF SE 1/4 IN SECTION 10, TOWNSHIP 27 SOUTH, RANGE 27 EAST, LESS THE W 208 FEET OF THE S 208 FEET TOGETHER WITH A 1971 AMERICAN HOME MOBILE HOME ID# HDGA070994.

Exhibit C (CONTINUED)
Legal Description of Series 2022 Assessment Area
PHASE 4:
PARCEL NUMBERS 31: 272702-713000-030191 AND 32: 272702-713000-030211
A PARCEL OF LAND BEING ALL OF TRACTS 20 THROUGH 28, THE SOUTH 1/4 OF TRACT 19, AND A PORTION OF TRACTS 29-31, OF THE MAP OF FLORIDA DEVELOPMENT CO. TRACT, ACCORDING TO THE MAP OR PLAT THEREOF, RECORDED IN PLAT BOOK 3, PAGES 60-63 OF PUBLIC RECORDS OF POLK COUNTY, FLORIDA, LYING IN THE NORTHWEST 1/4 OF SECTION 2, TOWNSHIP 27 SOUTH, RANGE 27 EAST, POLK COUNTY, FLORIDA, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCE AT THE NORTHWEST CORNER OF SAID SECTION 2, RUN THENCE ALONG THE WEST LINE OF THE NORTHWEST 1/4 OF SAID NORTHWEST 1/4, S 00°13'11" E, A DISTANCE OF 1313.95 FEET TO THE NORTHWEST CORNER OF THE SOUTHWEST 1/4 OF SAID NORTHWEST 1/4; THENCE ALONG THE WEST LINE OF THE SOUTHWEST 1/4 OF SAID NORTHWEST 1/4, S 00°12'52" E, A DISTANCE OF 15.00 FEET TO THE WESTERLY EXTENSION OF THE NORTH BOUNDARY OF TRACTS 17 THROUGH 19, SAID MAP OF FLORIDA DEVELOPMENT CO. TRACT; THENCE ALONG SAID NORTH BOUNDARY, AND WESTERLY EXTENSION THEREOF, N 89°43'43" E, A DISTANCE OF 986.81 FEET TO THE NORTHWEST CORNER OF SAID TRACT 20 AND THE POINT OF BEGINNING; THENCE ALONG THE NORTH BOUNDARY OF SAID TRACTS 20 THROUGH 24, N 89°43'43" E, A DISTANCE OF 1629.77 FEET TO THE EAST BOUNDARY OF SAID TRACT 24; THENCE ALONG THE EAST BOUNDARY OF SAID TRACTS 24 AND 25, S 00°37'24" E, A DISTANCE OF 1281.12 FEET TO THE SOUTH BOUNDARY OF SAID TRACT 25; THENCE ALONG THE SOUTH BOUNDARY OF SAID TRACTS 25 THROUGH 31, S 89°39'34" W, A DISTANCE OF 1380.59 FEET TO A LINE 750.00 FEET EAST OF AND PARALLEL WITH THE WEST LINE OF THE EAST 1/2 OF SAID TRACT 31; THENCE ALONG SAID PARALLEL LINE, N 00°17'30" W, A DISTANCE OF 200.00 FEET TO A LINE 200.00 FEET NORTH OF AND PARALLEL WITH AFORESAID SOUTH BOUNDARY OF TRACTS 25 THROUGH 31; THENCE ALONG SAID PARALLEL LINE, S 89°39'34" W, A DISTANCE OF 750.00 FEET TO THE WEST LINE OF THE EAST 1/2 OF SAID TRACT 31; THENCE ALONG SAID WEST LINE, N 00°17'30" W, A DISTANCE OF 441.84 FEET TO THE NORTH BOUNDARY OF SAID TRACT 31; THENCE ALONG SAID NORTH BOUNDARY, N 89°41'37" E, A DISTANCE OF 164.76 FEET TO THE WEST BOUNDARY OF SAID TRACT 19; THENCE ALONG SAID WEST BOUNDARY, N 00°19'03" W, A DISTANCE OF 164.18 FEET TO THE NORTH LINE OF THE SOUTH 1/4 OF SAID TRACT 19; THENCE ALONG SAID NORTH LINE, N 89°42'08" E, A DISTANCE OF 329.37 FEET TO THE WEST BOUNDARY OF SAID TRACT 20; THENCE ALONG SAID WEST BOUNDARY, N 00°22'09" W, A DISTANCE OF 477.40 FEET TO THE POINT OF BEGINNING.

Exhibit D: Maturities and Coupons of Series 2022 Bonds

Exhibit E: Sources and Uses of Funds for Series 2022 Bonds

Exhibit F: Annual Debt Service Payment Due on Series 2022 Bonds