North Powerline Road Community Development District

Meeting Agenda February 26, 2025

-. ·- -

North Powerline Road
Community Development District

219 E. Livingston St., Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
February 19, 2025
Board of Supervisors Meeting
North Powerline Road Community Development District

Dear Board Members:
A Board of Supervisors Meeting of the North Powerline Road Community Development District will be held Wednesday, February 26, 2025 at 10:00 AM at the Holiday Inn—Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, FL 33880.
Zoom Video Link: https://us06web.zoom.us/j/83032630323
Zoom Call-In Number: 1-646-876-9923
Meeting ID: 830 3263 0323

Following is the advance agenda for the meeting:
Board of Supervisors 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)
Organizational Matters
Consideration of Appointment to Open Board Seat #5
Consideration of Resolution 2025-10 Electing Officers
Approval of Minutes of the December 18, 2024 Board of Supervisors Meeting
Consideration of Assignment of Aquatic Maintenance Services Vendor Contract
Discussion Regarding Adding Fence to Playground Area (requested by Supervisor Diaz)
Discussion Regarding Speeding Issues in Community (requested by Supervisor Diaz)
Discussion Regarding HOA Collaboration (requested by Supervisor Diaz)
Presentation of Arbitrage Rebate Report for Series 2020 Bonds
Consideration of 2025 Data Sharing and Usage Agreement with Polk County Property Appraiser
Consideration of 2025 Contract Agreement with Polk County Property Appraiser
Staff Reports
Attorney
Engineer
Field Manager’s Report (to be provided under separate cover)
Update Regarding Front Entrance Lighting and Fountain (requested by Supervisor Diaz)
District Manager’s Report
Approval of Check Register
Balance Sheet & Income Statement
Other Business
Supervisors Requests and Audience Comments
Adjournment

1 Comments will be limited to three (3) minutes

Section III

Section A

From: Mauricio Gatica Subject: Vacant Seat in CDD To: Jillian Burns

Hello Jillian,

This is my official email to request to be considered for the open seat at the CDD table. Please let me know if you have further questions or concerns.
Thank you, Mauricio Gatica

Section B

RESOLUTION 2025-10
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE NORTH POWERLINE ROAD COMMUNITY DEVELOPMENT DISTRICT ELECTING THE OFFICERS OF THE NORTH POWERLINE ROAD COMMUNITY DEVELOPMENT DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE.

Whereas, the North Powerline Road Community Development District (hereinafter the “District”), is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated within unincorporated Polk County, Florida and the City of Davenport, Florida; and
Whereas, the Board of Supervisors of the District (“Board”) desires to elect the Officers of the
District.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE NORTH POWERLINE ROAD COMMUNITY DEVELOPMENT DISTRICT:
Section 1. The following persons are elected to the offices shown: Chairperson		
Vice Chairperson		
Secretary	Jill Burns
Assistant Secretary		
Assistant Secretary		
Assistant Secretary		
Assistant Secretary	George Flint

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

Passed and adopted this 26th day of February 2025.

ATTEST:	NORTH POWERLINE ROAD
COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

MINUTES

MINUTES OF MEETING NORTH POWERLINE ROAD
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the North Powerline Road Community Development District was held on Tuesday, December 18, 2024 at 10:00 a.m. at the Holiday Inn – Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, Florida.

Present and constituting a quorum:

Rennie Heath	Chairman
Lauren Schwenk	Vice Chairperson
Kevin Chinoy	Assistant Secretary Also present were:
Jill Burns	District Manager, GMS
Savannah Hancock	District Counsel, Kilinski Van Wyk
Marshall Tindall	Field Manager, GMS

The following is a summary of the discussions and actions taken at the December 18, 2024 North Powerline Road Community Development District’s Regular Board of Supervisor’s Meeting.

FIRST ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order at 10:00 a.m. and called the roll. Three Board members were in attendance constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Burns stated there were no members of the public present and none joining via Zoom.

THIRD ORDER OF BUSINESS	Organizational Matters
Administration of Oath of Office to Newly Elected Board Member Lauren Schwenk for Seat #3 Elected at November 20, 2024 Landowners Election
Ms. Burns administered the oath of office to Ms. Lauren Schwenk.

December 18, 2024	North Powerline Road CDD

FOURTH ORDER OF BUSINESS	Approval of Minutes of the November 20,
2024 Landowners’ Meeting and November 20, 2024 Board of Supervisors Meeting
Ms. Burns presented the November 20, 2024 Landowners’ meeting and Board of Supervisors meeting minutes and asked for any questions, comments, or corrections. The Board made no changes to the minutes.

On MOTION by Ms. Schwenk, seconded by Mr. Heath, with all in favor, the Minutes of the November 20, 2024, Landowners’ Meeting and November 20, 2024, Board of Supervisors Meeting, were approved.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2025-08
Setting a Public Hearing on the Adoption of Amended Parking & Towing Policies for the District
Ms. Burns stated that at the last meeting Mr. Diaz had raised concerns about parking and asked for it to be added to the agenda. Mr. Diaz stated he was working with Community First and the HOA but wanted to defer to next month's agenda.

SIXTH ORDER OF BUSINESS	Consideration	of	Resolution	2025-09
Amending the Current District Amenity Policies to Include Dog Park Policies
Ms. Burns stated that the new phase had a dog park and in the existing phases there wasn’t one. She said the rules were the same except for an update to the suspension and termination policies and language. She stated they had added the dog park policies that were standard.

On MOTION by Mr. Heath, seconded by Mr. Chinoy, with all in favor, Resolution 2025-09, Amending the Current District Amenity Policies to Include Dog Park Policies, was approved.

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

Engineer

December 18, 2024	North Powerline Road CDD

Ms. Burns noted the District Engineer was not present.

Field Manager’s Report (to be provided under separate cover)
Mr. Tindall presented the Field Managers Report. Mr. Tindall stated that essential amenity maintenance is cleaning neat. They are making sure all the furniture is routinely cleaned. He noted that the ceiling fan was replaced under the lanai. The playground has no issues. Mr. Tindall added that the Palms have received some additional trimming in preparation for the holiday lights that went up. Those included the palms at the Amenity Center and the palms out front by the sign. Mr. Tindall stated that the pond plantings are holding up. Some signs that had been previously mentioned were installed at the main entrance. We are hoping for feedback from the residents. Mr. Tindall said they liked input from the residents in the community. The amenity light, the lighting, and the holiday decorations were installed at the end of November. The front entrance and wreaths were also installed at the back for the amenity center.
Mr. Tindall noted that he had spoken with the pool vendor about repairing a crack in the pool floor and replacing two of the returns at the bottom of the pool. The builder who installed the pool is doing the repair work. Mr. Tindall added that he had contacted Davenport Pools, the pool vendor that provides debt repair proposals. They stated that they would do it as cheaply as they could. Mr. Tindall said he had coordinated with other development team members throughout phase 4 to get a punch list. Mr. Tindall then asked if there were any questions.

District Manager’s Report
Approval of Check Register
Ms. Burns presented the check register to the Board for approval. She stated that if there were any questions about any of the invoices, she would be happy to answer.

On MOTION by Mr. Heath, seconded by Mr. Chinoy, with all in favor, the Check Register, was approved.

Balance Sheet & Income Statement
Ms. Burns presented the financials for the Board’s review. There is no action necessary.

EIGHTH ORDER OF BUSINESS	Other Business

December 18, 2024	North Powerline Road CDD

Ms. Burns asked for any other business. Ms. Schwenk stated that she wished to resign. Ms.
Burns asked for a motion to accept her resignation.

On MOTION by Mr. Heath, seconded by Mr. Chinoy, with all in favor, Accepting the Resignation of Ms. Lauren Schwenk, was approved.

Ms. Burns stated they needed a nomination to fill the vacancy. Ms. Bobbie Henley was nominated.

On MOTION by Mr. Chinoy, seconded by Mr. Heath, with all in favor, the Appointment of Ms. Bobbie Henley to the Board, was approved.

Ms. Burns administered the oath of office to Ms. Henley. Ms. Burns stated that Mr. Heath wished to resign. She asked for a motion to accept his resignation.

On MOTION by Mr. Chinoy, seconded by Ms. Henley, with all in favor, Accepting the Resignation of Mr. Rennie Heath, was approved.

Ms. Burns stated that they needed a nomination to fill the vacancy. Ms. Lindsey Roden was nominated.

On MOTION by Ms. Henley, seconded by Mr. Chinoy, with all in favor, the Appointment of Ms. Lindsey Roden to the Board, was approved.

Ms. Burns administered the oath of office to Ms. Lindsey Roden. Ms. Burns stated that Mr.
Chinoy wished to resign. She asked for a motion to accept his resignation.

On MOTION by Ms. Henley, seconded by Ms. Roden, with all in favor, Accepting the Resignation of Mr. Kevin Chinoy, was approved.

December 18, 2024	North Powerline Road CDD

Ms. Burns stated that they needed a nomination to fill the vacancy. Ms. Jessica Spencer was nominated.

On MOTION by Ms. Roden, seconded by Ms. Henley, with all in favor, the Appointment of Ms. Jessica Spencer to the Board, was approved.

Ms. Burns administered the oath of office to Ms. Jessica Spencer.

NINTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
Ms. Burns stated that there were no members of the public present and none joining via
Zoom.

TENTH ORDER OF BUSINESS	Adjournment
Ms. Burns asked for a motion to adjourn the meeting.

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

Secretary / Assistant Secretary	Chairman / Vice Chairman

Section V

ASSIGNMENT OF AGREEMENT FOR POND MAINTENANCE SERVICES

THIS ASSIGNMENT (“Assignment”) is made and entered into this    day of February 2025 by and between DEANGELO CONTRACTING SERVICES, LLC, a Delaware limited liability company authorized to do business in Florida, with a mailing address of 100 North Conahan Drive, Hazleton, Pennsylvania 18201 (“Assignor”); TIGRIS AQUATIC SERVICES LLC, a New Jersey limited liability company authorized to do business in Florida, with a mailing address of 56 U.S. Highway 130 South, Bordentown, New Jersey, 08620 (“Assignee”); and NORTH POWERLINE ROAD COMMUNITY DEVELOPMENT DISTRICT, a local unit of
special-purpose government established pursuant to Chapter 190, Florida Statutes, located in Polk County, Florida, with a mailing address of 219 E. Livingston St., Orlando, Florida 32801 (“District”).

Recitals

WHEREAS, Assignor and the District previously entered into that certain Pond Maintenance Services Agreement, dated December 10, 2021 (the “Agreement”); and

WHEREAS, Assignor and the District hereby recognize and agree that the Assignor’s rights and obligations under the Agreement may be assigned pursuant to Section 23 of the Agreement upon written consent; and

WHEREAS, Assignor desires to assign all of its rights and obligations under the Agreement to Assignee, Assignee desires to accept such assignment, and the District desires to express that it agrees with and has no objection to such assignment.

NOW, THEREFORE, based upon good and valuable consideration and the mutual consent of all parties, the District, Assignee, and Assignor agree as follows:

Incorporation of Recitals. The Recitals stated above are true and correct and are incorporated herein as a material part of this Assignment.
ASSIGNMENT. The Assignor hereby assigns all rights, duties, and obligations under the Agreement to the Assignee, and Assignee hereby accepts said assignment. Upon execution of this Assignment, all work performed by the Assignor shall cease and all work authorizations issued to the Assignor shall terminate, provided that the District shall compensate the Assignor for services provided up to the date of Assignment.
District Consent to Assignment of the Agreement. The District consents
to Assignor’s assignment of the Agreement to Assignee on the condition that the District receive new insurance certificates naming the District, its officers, supervisors, agents, staff, and representatives as additional insured. No certificate shall be acceptable to the District unless it provides that any change or termination within the policy periods of the insurance coverage, as certified, shall not be effective within thirty (30) days of prior written notice to the District.

Notices. Upon this Assignment, notices pursuant to the Agreement shall be in writing and shall be delivered to the Parties as follows:
If to the District:	North Powerline Road Community Development District 219 East Livingston St.
Orlando, Florida 32801 Attention: District Manager

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

If to Assignee:	TIGRIS Aquatic Services LLC
56 U.S. Highway 130 South Bordentown, New Jersey 08620 Attention: 	

E-VERIFY. Assignee shall comply with and perform all applicable provisions of Section 448.095, Florida Statutes. Accordingly, to the extent required by Florida Statute, Assignee shall register with and use the United States Department of Homeland Security’s E-Verify system to verify the work authorization status of all newly hired employees and shall comply with all requirements of Section 448.095, Florida Statutes, as to the use of subcontractors. The District may terminate the Agreement immediately for cause if there is a good faith belief that the Assignee has knowingly violated Section 448.091, Florida Statutes. By entering into this Assignment, the Assignee represents that no public employer has terminated a contract with the Assignee under Section 448.095(5)(c), Florida Statutes, within the year immediately preceding the date of this Assignment.
Anti-Human Trafficking. Assignee certifies, by acceptance of this Assignment, that neither it nor its principals utilize coercion for labor or services as defined in Section 787.06, Florida Statutes. Assignee agrees to execute an affidavit in compliance with Section 787.06(13), Florida Statutes, and acknowledges that if Assignee refuses to sign said affidavit, the District may terminate the Agreement immediately.
Scrutinized Companies Statement. In accordance with section 287.135, Florida Statutes, Contractor represents that in entering into the Agreement, neither it nor any of its officers, directors, executives, partners, shareholders, members, or agents is on the Scrutinized Companies with Activities in Sudan List, the Scrutinized Companies with Activities in the Iran Terrorism Sectors List, or the Scrutinized Companies that Boycott Israel List created pursuant to sections 215.4725 and 215.473, Florida Statutes, and in the event such status changes, Contractor shall immediately notify Owner. If Contractor is found to have submitted a false statement, has been placed on the Scrutinized Companies with

Activities in Sudan List, the Scrutinized Companies with Activities in the Iran Terrorism Sectors List, or has been engaged in business operations in Cuba or Syria, or is now or in the future on the Scrutinized Companies that Boycott Israel List, or engaged in a boycott of Israel, the Owner may immediately terminate this Contract.

COUNTERPARTS. This Assignment may be executed in any number of counterparts, each of which when executed and delivered shall be an original; however, all such counterparts together shall constitute but one and the same instrument. Signature and acknowledgment pages, if any, may be detached from the counterparts and attached to a single copy of this document to physically form one document.

[Signature Page to Follow]

IN WITNESS WHEREOF, the Parties have executed this Assignment effective as of the date set forth above.

District: North Powerline Road Community Development District

By: 	  Its: 		
Assignor: DeAngelo Contracting Services, LLC

By: 	  Its: 		
Assignee: TIGRIS Aquatic Services LLC

By: 	  Its: 		

Section IX

REBATE REPORT
$12,685,000
North Powerline Road Community Development District
(Polk County, Florida)
Special Assessment Bonds, Series 2020

Dated: December 14, 2020
Delivered: December 14, 2020

Rebate Report to the Computation Date December 14, 2028
Reflecting Activity To December 31, 2024

TABLE OF CONTENTS

AMTEC Opinion	3	
Summary of Rebate Computations	4	
Summary of Computational Information and Definitions	5	
Methodology	7	
Sources and Uses	8	
Proof of Arbitrage Yield	9	
Bond Debt Service Schedule	11	
Arbitrage Rebate Calculation Detail Report – Phase-1 Acquisition & Construction Account	13	
Arbitrage Rebate Calculation Detail Report – Phase-2 Acquisition & Construction Account	15	
Arbitrage Rebate Calculation Detail Report – Reserve Account	17	
Arbitrage Rebate Calculation Detail Report – Interest Account	19	
Arbitrage Rebate Calculation Detail Report – Rebate Computation Credits	20	

January 16, 2025

North Powerline Road Community Development District c/o Ms. Katie Costa
Director of Operations – Accounting Division Government Management Services – CF, LLC 6200 Lee Vista Boulevard, Suite 300
Orlando, FL 32822

Re:	$12,685,000 North Powerline Road Community Development District (Polk County, Florida),
Special Assessment Bonds, Series 2020	

Dear Ms. Costa:
AMTEC has prepared certain computations relating to the above referenced bond issue (the “Bonds”) at the request of the North Powerline Road Community Development District (the “District”)
The scope of our engagement consisted of preparing the computations shown in the attached schedules to determine the Rebatable Arbitrage as described in Section 103 of the Internal Revenue Code of 1954, Section 148(f) of the Internal Revenue Code of 1986, as amended (the "Code"), and all applicable Regulations issued thereunder. The methodology used is consistent with current tax law and regulations and may be relied upon in determining the rebate liability. Certain computational methods used in the preparation of the schedules are described in the Summary of Computational Information and Definitions.

Our engagement was limited to the computation of Rebatable Arbitrage based upon the information furnished to us by the District. In accordance with the terms of our engagement, we did not audit the information provided to us, and we express no opinion as to the completeness, accuracy or suitability of such information for purposes of calculating the Rebatable Arbitrage.

We have scheduled our next Report as of December 31, 2025. Thank you and should you have any questions, please do not hesitate to contact us.

Very truly yours,

Michael J. Scarfo
Senior Vice President	Trong M. Tran
Assistant Vice President	

SUMMARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the December 14, 2028 Computation Date
Reflecting Activity from December 14, 2020 through December 31, 2024

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitrage	
Phase-1 Acquisition & Construction Account	0.006005%	11.02	(9,145.53)	
Phase-2 Acquisition & Construction Account	0.005973%	130.48	(108,464.33)	
Reserve Account	2.078660%	38,661.07	(39,126.49)	
Interest Account	0.005888%	4.03	(3,404.14)	
Totals	0.896483%	$38,806.60	$(160,140.49)	
Bond Yield	3.759179%		
Rebate Computation Credits	(9,362.07)	
Net Rebatable Arbitrage	$(169,502.56)	

Based upon our computations, no rebate liability exists.

SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION

For purposes of computing Rebatable Arbitrage, investment activity is reflected from December 14, 2020, the date of the closing, to December 31, 2024, the Computation Period. All nonpurpose payments and receipts are future valued to the Computation Date of December 14, 2028.

Computations of yield are based on a 360-day year and semiannual compounding on the last day of each compounding interval. Compounding intervals end on a day in the calendar year corresponding to Bond maturity dates or six months prior.

For investment cash flow, debt service and yield computation purposes, all payments and receipts are assumed to be paid or received respectively, as shown on the attached schedules.
Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.
During the period between December 14, 2020 and December 31, 2024, the District made periodic payments into the Interest, Sinking and Prepayment Accounts (collectively, the “Debt Service Fund”) that were used, along with the interest earned, to provide the required debt service payments.
Under Section 148(f)(4)(A), the rebate requirement does not apply to amounts in certain bona fide debt service funds. The Regulations define a bona fide debt service fund as one that is used primarily to achieve a proper matching of revenues with principal and interest payments within each bond year. The fund must be depleted at least once each bond year, except for a reasonable carryover amount not to exceed the greater of the earnings on the fund for the immediately preceding bond year or 1/12th of the principal and interest payments on the issue for the immediately preceding bond year.
We have reviewed the Debt Service Fund and have determined that the funds deposited have functioned as a bona fide debt service fund and are not subject to the rebate requirement.

In accordance with Page C-1 of the Arbitrage and Tax Certificate, Exhibit C (Arbitrage Rebate Covenants) the first (initial) Computation Date must be within 60 days of the end of the third Bond Year. After the first required payment date (Computation Date) the District must consistently treat either the last day of each Bond Year or the last day of each fifth Bond Year as the (subsequent) Computation Date(s). Therefore, for purposes of the arbitrage calculation, the first Computation Date is December 14, 2028.

DEFINITIONS

Computation Date
December 14, 2028.

Computation Period
The period beginning on December 14, 2020, the date of the closing, and ending on December 31, 2024.

Bond Year
Each one-year period (or shorter period from the date of issue) that ends at the close of business on the day in the calendar year that is selected by the Issuer. If no day is selected by the Issuer before the earlier of the final maturity date of the issue or the date that is five years after the date of issue, each bond year ends at the close of business on the anniversary date of the issuance.

Bond Yield
The discount rate that, when used in computing the present value of all the unconditionally payable payments of principal and interest with respect to the Bonds, produces an amount equal to the present value of the issue price of the Bonds. Present value is computed as of the date of issue of the Bonds.

Taxable Investment Yield
The discount rate that, when used in computing the present value of all receipts of principal and interest to be received on an investment during the Computation Period, produces an amount equal to the fair market value of the investment at the time it became a nonpurpose investment.

Issue Price
The price determined on the basis of the initial offering price at which price a substantial amount of the Bonds was sold.

Rebatable Arbitrage
The Code defines the required rebate as the excess of the amount earned on all nonpurpose investments over the amount that would have been earned if such nonpurpose investments were invested at the Bond Yield, plus any income attributable to the excess. Accordingly, the Regulations require that this amount be computed as the excess of the future value of all the nonpurpose receipts over the future value of all the nonpurpose payments. The future value is computed as of the Computation Date using the Bond Yield.

Funds and Accounts
The Funds and Accounts activity used in the compilation of this Report was received from the District and US Bank, Trustee, as follows:

Accounts	Account Number	
Revenue	276587000	
Interest	276587001	
Sinking	276587002	
Reserve	276587003	
Prepayment	276587004	
Phase-1 Acquisition & Construction	276587005	
Phase-2 Acquisition & Construction	276587006	

METHODOLOGY
Bond Yield
The methodology used to calculate the bond yield was to determine the discount rate that produces the present value of all payments of principal and interest through the maturity date of the Bonds.

Investment Yield and Rebate Amount
The methodology used to calculate the Rebatable Arbitrage, as of December 31, 2024, was to calculate the future value of the disbursements from all funds, subject to rebate, and the value of the remaining bond proceeds, at the yield on the Bonds, to December 14, 2028. This figure was then compared to the future value of the deposit of bond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on December 14, 2028, is the Rebatable Arbitrage.

$12,685,000
North Powerline Road Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2020 Delivered: December 14, 2020

Sources of Funds

Par Amount	$12,685,000.00	
Original Issue Premium	98,874.60	
Total	$12,783,874.60	

Uses of Funds

Phase-1 Acquisition & Construction Account	$ 5,729,977.75	
Phase-2 Acquisition & Construction Account	5,705,892.42	
Reserve Account	713,800.00	
Interest Account	177,279.43	
Costs of Issuance	203,225.00	
Underwriter’s Discount	253,700.00	
Total	$12,783,874.60	

Prepared by AMTEC	(Finance 8.700)

PROOF OF ARBITRAGE YIELD
$12,685,000
North Powerline Road Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2020

Date	

Debt Service	Present Value to 12/14/2020
@ 3.7591785096%	
05/01/2021	177,279.43	174,784.57	
11/01/2021	232,921.88	225,407.24	
05/01/2022	482,921.88	458,719.57	
11/01/2022	229,640.63	214,107.52	
05/01/2023	484,640.63	443,522.68	
11/01/2023	226,293.75	203,273.79	
05/01/2024	486,293.75	428,765.99	
11/01/2024	222,881.25	192,889.23	
05/01/2025	492,881.25	418,687.09	
11/01/2025	219,337.50	182,882.85	
05/01/2026	494,337.50	404,572.59	
11/01/2026	215,040.63	172,745.30	
05/01/2027	500,040.63	394,279.16	
11/01/2027	210,587.50	162,983.61	
05/01/2028	505,587.50	384,078.93	
11/01/2028	205,978.13	153,588.28	
05/01/2029	510,978.13	373,983.21	
11/01/2029	201,212.50	144,549.82	
05/01/2030	516,212.50	364,002.14	
11/01/2030	196,290.63	135,858.81	
05/01/2031	521,290.63	354,144.88	
11/01/2031	190,400.00	126,964.06	
05/01/2032	525,400.00	343,887.78	
11/01/2032	184,328.13	118,421.65	
05/01/2033	534,328.13	336,946.03	
11/01/2033	177,984.38	110,165.86	
05/01/2034	537,984.38	326,849.33	
11/01/2034	171,459.38	102,247.34	
05/01/2035	546,459.38	319,861.12	
11/01/2035	164,662.50	94,604.34	
05/01/2036	554,662.50	312,793.70	
11/01/2036	157,593.75	87,233.04	
05/01/2037	562,593.75	305,667.82	
11/01/2037	150,253.13	80,129.27	
05/01/2038	570,253.13	298,502.61	
11/01/2038	142,640.63	73,288.61	
05/01/2039	577,640.63	291,315.65	
11/01/2039	134,756.25	66,706.45	
05/01/2040	584,756.25	284,123.12	
11/01/2040	126,600.00	60,377.93	
05/01/2041	596,600.00	279,280.48	
11/01/2041	117,200.00	53,851.50	
05/01/2042	602,200.00	271,596.22	
11/01/2042	107,500.00	47,588.74	
05/01/2043	612,500.00	266,142.78	
11/01/2043	97,400.00	41,541.33	
05/01/2044	622,400.00	260,557.64	
11/01/2044	86,900.00	35,708.11	
05/01/2045	636,900.00	256,880.48	
11/01/2045	75,900.00	30,047.92	
05/01/2046	645,900.00	250,986.74	
11/01/2046	64,500.00	24,601.30	
05/01/2047	659,500.00	246,902.74	
11/01/2047	52,600.00	19,329.01	
05/01/2048	672,600.00	242,601.57	
11/01/2048	40,200.00	14,232.32	
05/01/2049	685,200.00	238,111.15	

Prepared by AMTEC	(Finance 8.700)

PROOF OF ARBITRAGE YIELD
$12,685,000
North Powerline Road Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2020

Date	

Debt Service	Present Value to 12/14/2020
@ 3.7591785096%	
11/01/2049	27,300.00	9,311.89	
05/01/2050	697,300.00	233,457.41	
11/01/2050	13,900.00	4,567.89	
05/01/2051	708,900.00	228,664.43	
	21,750,804.53	12,783,874.60	
	
Proceeds Summary		

Delivery date	12/14/2020	
Par Value	12,685,000.00	
Premium (Discount)	98,874.60	
Target for yield calculation	12,783,874.60	

Prepared by AMTEC	(Finance 8.700)

BOND DEBT SERVICE
$12,685,000
North Powerline Road Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2020

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
12/14/2020						
05/01/2021			177,279.43	177,279.43	177,279.43	
11/01/2021			232,921.88	232,921.88		
05/01/2022	250,000	2.625%	232,921.88	482,921.88	715,843.76	
11/01/2022			229,640.63	229,640.63		
05/01/2023	255,000	2.625%	229,640.63	484,640.63	714,281.26	
11/01/2023			226,293.75	226,293.75		
05/01/2024	260,000	2.625%	226,293.75	486,293.75	712,587.50	
11/01/2024			222,881.25	222,881.25		
05/01/2025	270,000	2.625%	222,881.25	492,881.25	715,762.50	
11/01/2025			219,337.50	219,337.50		
05/01/2026	275,000	3.125%	219,337.50	494,337.50	713,675.00	
11/01/2026			215,040.63	215,040.63		
05/01/2027	285,000	3.125%	215,040.63	500,040.63	715,081.26	
11/01/2027			210,587.50	210,587.50		
05/01/2028	295,000	3.125%	210,587.50	505,587.50	716,175.00	
11/01/2028			205,978.13	205,978.13		
05/01/2029	305,000	3.125%	205,978.13	510,978.13	716,956.26	
11/01/2029			201,212.50	201,212.50		
05/01/2030	315,000	3.125%	201,212.50	516,212.50	717,425.00	
11/01/2030			196,290.63	196,290.63		
05/01/2031	325,000	3.625%	196,290.63	521,290.63	717,581.26	
11/01/2031			190,400.00	190,400.00		
05/01/2032	335,000	3.625%	190,400.00	525,400.00	715,800.00	
11/01/2032			184,328.13	184,328.13		
05/01/2033	350,000	3.625%	184,328.13	534,328.13	718,656.26	
11/01/2033			177,984.38	177,984.38		
05/01/2034	360,000	3.625%	177,984.38	537,984.38	715,968.76	
11/01/2034			171,459.38	171,459.38		
05/01/2035	375,000	3.625%	171,459.38	546,459.38	717,918.76	
11/01/2035			164,662.50	164,662.50		
05/01/2036	390,000	3.625%	164,662.50	554,662.50	719,325.00	
11/01/2036			157,593.75	157,593.75		
05/01/2037	405,000	3.625%	157,593.75	562,593.75	720,187.50	
11/01/2037			150,253.13	150,253.13		
05/01/2038	420,000	3.625%	150,253.13	570,253.13	720,506.26	
11/01/2038			142,640.63	142,640.63		
05/01/2039	435,000	3.625%	142,640.63	577,640.63	720,281.26	
11/01/2039			134,756.25	134,756.25		
05/01/2040	450,000	3.625%	134,756.25	584,756.25	719,512.50	
11/01/2040			126,600.00	126,600.00		
05/01/2041	470,000	4.000%	126,600.00	596,600.00	723,200.00	
11/01/2041			117,200.00	117,200.00		
05/01/2042	485,000	4.000%	117,200.00	602,200.00	719,400.00	
11/01/2042			107,500.00	107,500.00		
05/01/2043	505,000	4.000%	107,500.00	612,500.00	720,000.00	
11/01/2043			97,400.00	97,400.00		
05/01/2044	525,000	4.000%	97,400.00	622,400.00	719,800.00	
11/01/2044			86,900.00	86,900.00		
05/01/2045	550,000	4.000%	86,900.00	636,900.00	723,800.00	
11/01/2045			75,900.00	75,900.00		
05/01/2046	570,000	4.000%	75,900.00	645,900.00	721,800.00	
11/01/2046			64,500.00	64,500.00		
05/01/2047	595,000	4.000%	64,500.00	659,500.00	724,000.00	
11/01/2047			52,600.00	52,600.00		
05/01/2048	620,000	4.000%	52,600.00	672,600.00	725,200.00	
11/01/2048			40,200.00	40,200.00		
05/01/2049	645,000	4.000%	40,200.00	685,200.00	725,400.00	

Prepared by AMTEC	(Finance 8.700)

BOND DEBT SERVICE
$12,685,000
North Powerline Road Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2020

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
11/01/2049			27,300.00	27,300.00		
05/01/2050	670,000	4.000%	27,300.00	697,300.00	724,600.00	
11/01/2050			13,900.00	13,900.00		
05/01/2051	695,000	4.000%	13,900.00	708,900.00	722,800.00	
	12,685,000		9,065,804.53	21,750,804.53	21,750,804.53	

$12,685,000
North Powerline Road Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2020 Phase-1 Acquisition & Construction Account

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.759179%)

12/14/20	Beg	Bal	-5,729,977.75	-7,718,766.47	
12/17/20			64,165.90	86,410.09	
12/17/20			3,237,490.24	4,359,820.88	
12/17/20			557,254.93	750,436.76	
12/23/20			260,231.80	350,228.09	
12/23/20			4,500.00	6,056.24	
12/23/20			56,674.29	76,274.03	
12/30/20			3,720.00	5,002.87	
12/30/20			86,095.07	115,785.56	
12/30/20			2,084.20	2,802.95	
12/30/20			23,402.00	31,472.34	
12/30/20			200,358.95	269,454.13	
12/30/20			362,304.73	487,248.05	
12/30/20			162,841.50	218,998.53	
12/30/20			38,842.00	52,236.94	
12/30/20			267,019.41	359,102.92	
12/30/20			960.00	1,291.06	
12/30/20			57,717.72	77,622.08	
12/30/20			86,149.82	115,859.19	
12/30/20			20,000.00	26,897.14	
01/05/21			-2.12	-2.85	
01/12/21			82,585.70	110,928.16	
01/12/21			24,123.90	32,402.94	
01/12/21			410.00	550.71	
01/12/21			44,901.00	60,310.51	
01/19/21			3,000.00	4,026.65	
01/19/21			36,674.43	49,225.01	
01/20/21			235.00	315.39	
02/02/21			-3.63	-4.87	
02/03/21			8,359.00	11,203.35	
02/04/21			3,000.00	4,020.40	
02/10/21			3,000.00	4,017.91	
02/10/21			2,192.47	2,936.38	
02/12/21			26,539.86	35,537.57	
02/25/21			1,423.00	1,902.87	
02/25/21			572.00	764.89	
02/25/21			1,161.75	1,553.52	
03/02/21			-3.29	-4.40	
03/25/21			-506,540.65	-675,260.68	
03/25/21			-9,300.00	-12,397.67	
03/25/21			3,000.00	3,999.25	
04/02/21			-3.63	-4.84	
04/05/21			12,275.29	16,347.06	
04/05/21			2,098.25	2,794.25	
04/14/21			19,510.00	25,957.38	
04/16/21			350.00	465.57	
04/16/21			29,141.99	38,764.38	
04/16/21			1,800.31	2,394.75	

$12,685,000
North Powerline Road Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2020 Phase-1 Acquisition & Construction Account

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(3.759179%)	
04/16/21		3,000.00	3,990.57	
04/16/21		3,000.00	3,990.57	
04/16/21		3,000.00	3,990.57	
04/16/21		696.75	926.81	
04/16/21		141,976.92	188,856.27	
04/22/21		3,000.00	3,988.09	
04/29/21		3,000.00	3,985.21	
05/04/21		-3.53	-4.69	
05/17/21		66,950.00	88,771.07	
05/17/21		44,915.61	59,554.99	
05/17/21		4,036.50	5,352.12	
05/17/21		3,000.00	3,977.79	
05/17/21		5,765.00	7,643.99	
05/24/21		2,038.00	2,700.29	
05/24/21		50,248.49	66,577.79	
06/02/21		-3.64	-4.82	
06/02/21		3,000.00	3,971.62	
06/08/21		4,104.00	5,429.81	
06/08/21		105,951.35	140,179.29	
07/02/21		-3.51	-4.63	
08/03/21		-3.63	-4.78	
08/10/21		7.27	9.56	
09/02/21		-3.65	-4.79	
10/04/21		-3.51	-4.59	
10/05/21		7.16	9.36	
12/14/28	TOTALS:	11.02	-9,145.53	

ISSUE DATE:	12/14/20	REBATABLE ARBITRAGE:	-9,145.53	
COMP DATE:	12/14/28	NET INCOME:	11.02	
BOND YIELD:	3.759179%	TAX INV YIELD:	0.006005%	

$12,685,000
North Powerline Road Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2020 Phase-2 Acquisition & Construction Account

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.759179%)

12/14/20	Beg	Bal	-5,705,892.42	-7,686,321.48	
12/17/20			39,565.85	53,282.02	
12/17/20			59,158.75	79,667.13	
12/23/20			13,184.79	17,744.50	
12/23/20			20,323.25	27,351.66	
12/30/20			11,911.66	16,019.48	
12/30/20			51,392.99	69,116.22	
12/30/20			163,451.76	219,819.24	
01/07/21			25,106.00	33,739.54	
01/13/21			501.25	673.20	
01/14/21			86,997.69	116,830.12	
01/19/21			35,992.06	48,309.12	
01/20/21			235.00	315.39	
01/21/21			-86,997.69	-116,745.55	
01/26/21			75,450.38	101,197.41	
02/02/21			143,072.79	191,776.52	
02/04/21			1,161.75	1,556.90	
02/04/21			92,262.00	123,643.53	
02/04/21			100,740.96	135,006.48	
02/04/21			126,401.44	169,394.98	
02/10/21			2,858.16	3,827.94	
02/18/21			29,830.14	39,918.56	
02/25/21			116.00	155.12	
03/04/21			54,093.12	72,267.44	
03/04/21			71,178.00	95,092.54	
03/04/21			155,805.70	208,153.64	
03/04/21			160,133.44	213,935.42	
03/25/21			9,300.00	12,397.67	
03/25/21			506,540.65	675,260.68	
03/30/21			14,381.82	19,162.24	
03/30/21			17,326.00	23,085.05	
03/30/21			18,258.85	24,327.97	
03/30/21			519,940.90	692,765.89	
04/05/21			24,255.21	32,300.77	
04/06/21			32,907.69	43,818.79	
04/16/21			45,850.10	60,989.34	
04/20/21			-14,381.82	-19,122.64	
04/29/21			2,787.50	3,702.92	
05/04/21			397.50	527.77	
05/17/21			714,846.67	947,837.22	
05/24/21			318.00	421.34	
05/24/21			35,079.16	46,478.87	
06/10/21			3,000.00	3,968.34	
06/10/21			25,149.30	33,266.98	
06/10/21			279,941.26	370,300.59	
06/10/21			686,698.41	908,350.66	
06/25/21			1,702.88	2,249.04	
06/29/21			1,175.00	1,551.21	

$12,685,000
North Powerline Road Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2020 Phase-2 Acquisition & Construction Account

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(3.759179%)	
06/29/21		3,000.00	3,960.55	
06/29/21		6,382.29	8,425.79	
07/16/21		1,900.00	2,503.94	
07/16/21		3,000.00	3,953.59	
07/16/21		7,122.00	9,385.82	
07/16/21		14,287.40	18,828.83	
07/16/21		547,304.09	721,271.47	
07/20/21		28,506.83	37,552.54	
07/23/21		3,000.00	3,950.73	
08/06/21		3,000.00	3,945.42	
08/10/21		3,834.61	5,040.96	
08/10/21		21,684.31	28,506.07	
08/10/21		31,643.70	41,598.63	
08/10/21		543,093.42	713,947.55	
08/16/21		48.00	63.06	
08/16/21		47,508.24	62,415.31	
08/16/21		81,304.48	106,816.09	
11/30/21	de minimis	1.21	1.57	
12/14/28	TOTALS:	130.48	-108,464.33	

ISSUE DATE:	12/14/20	REBATABLE ARBITRAGE:	-108,464.33	
COMP DATE:	12/14/28	NET INCOME:	130.48	
BOND YIELD: 3.759179%	TAX INV YIELD:	0.005973%	

$12,685,000
North Powerline Road Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2020 Reserve Account

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.759179%)

12/14/20	Beg	Bal	-713,800.00	-961,549.20	
01/05/21			2.12	2.85	
02/02/21			3.63	4.87	
03/02/21			3.29	4.40	
04/02/21			3.63	4.84	
05/04/21			3.53	4.69	
06/02/21			3.64	4.82	
07/02/21			3.51	4.63	
08/03/21			3.63	4.78	
09/02/21			3.65	4.79	
10/04/21			3.51	4.59	
11/02/21			3.63	4.73	
12/02/21			3.53	4.59	
12/30/21			0.07	0.09	
01/04/22			3.63	4.70	
01/07/22			178,826.00	231,535.66	
01/07/22			178,074.00	230,562.01	
02/02/22			2.17	2.80	
03/02/22			1.64	2.11	
04/04/22			1.83	2.35	
05/03/22			1.76	2.25	
06/02/22			89.97	114.75	
07/05/22			205.44	261.14	
07/06/22			853.12	1,084.31	
08/02/22			357.94	453.72	
09/02/22			539.02	681.14	
10/04/22			615.75	775.52	
11/02/22			806.49	1,012.82	
12/02/22			982.85	1,230.47	
01/04/23			1,110.41	1,385.58	
02/01/23			114.06	141.93	
02/02/23			1,182.31	1,471.03	
03/02/23			1,132.87	1,405.15	
04/04/23			1,280.58	1,583.11	
05/02/23			1,293.16	1,594.04	
06/02/23			1,406.81	1,728.76	
07/05/23			1,376.95	1,686.30	
08/02/23			1,438.66	1,756.95	
09/05/23			1,493.76	1,818.03	
10/03/23			1,445.62	1,754.35	
11/02/23			1,497.67	1,812.07	
12/04/23			1,452.75	1,751.91	
01/03/24			1,500.70	1,804.31	
02/02/24			1,493.48	1,790.25	
03/04/24			1,931.30	2,307.42	
03/22/24			0.01	0.01	
04/02/24			1,484.14	1,768.05	
05/02/24			1,433.16	1,702.03	

$12,685,000
North Powerline Road Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2020 Reserve Account

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(3.759179%)	
06/04/24		1,481.64	1,753.79	
07/02/24		1,433.42	1,691.80	
08/02/24		1,479.13	1,740.34	
09/04/24		1,473.08	1,727.49	
10/02/24		1,377.30	1,610.50	
11/04/24		1,343.59	1,565.89	
12/03/24		1,254.59	1,457.79	
12/31/24	Bal	355,932.82	412,426.59	
12/31/24	Acc	1,214.12	1,406.83	
12/14/28	TOTALS:	38,661.07	-39,126.49	

ISSUE DATE:	12/14/20	REBATABLE ARBITRAGE:	-39,126.49	
COMP DATE:	12/14/28	NET INCOME:	38,661.07	
BOND YIELD: 3.759179%	TAX INV YIELD:	2.078660%	

$12,685,000
North Powerline Road Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2020 Interest Account

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(3.759179%)	
12/14/20	Beg Bal	-177,279.43	-238,810.44	
05/03/21		177,279.43	235,400.95	
05/03/21	de minimis	4.03	5.35	
12/14/28	TOTALS:	4.03	-3,404.14	

ISSUE DATE:	12/14/20	REBATABLE ARBITRAGE:	-3,404.14	
COMP DATE:	12/14/28	NET INCOME:	4.03	
BOND YIELD: 3.759179%	TAX INV YIELD:	0.005888%	

$12,685,000
North Powerline Road Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2020 Rebate Computation Credits

		ARBITRAGE REBATE CALCULATION DETAIL REPORT		
		
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(3.759179%)	
12/14/21		-1,780.00	-2,310.15	
12/14/22		-1,830.00	-2,288.22	
12/14/23		-1,960.00	-2,361.17	
12/14/24		-2,070.00	-2,402.52	
12/14/28	TOTALS:	-7,640.00	-9,362.07	

ISSUE DATE:	12/14/20	REBATABLE ARBITRAGE: -9,362.07 COMP DATE:	12/14/28
BOND YIELD: 3.759179%

Section X

POLK COUNTY PROPERTY APPRAISER
2025 Data Sharing and Usage Agreement

Revised 01/2025
ADA Compliant

This Data Sharing and Usage Agreement, hereinafter referred to as “Agreement,” establishes the terms and conditions

under which the North Powerline Road Community Development District

hereinafter

referred to as “agency,” can acquire and use Polk County Property Appraiser data that is exempt from Public Records disclosure as defined in FS 119.071.

In accordance with the terms and conditions of this Agreement, the agency agrees to protect confidential data in accordance with FS 282.3185 and FS 501.171 and adhere to the standards set forth within these statutes.

For the purposes of this Agreement, all data is provided. It is the responsibility of the agency to apply all statutory guidelines relative to confidentiality and personal identifying information.
The confidentiality of personal identifying information including: names, mailing address and OR Book and Pages pertaining to parcels owned by individuals that have received exempt / confidential status, hereinafter referred to as “confidential data,” will be protected as follows:
The agency will not release confidential data that may reveal identifying information of individuals exempted from Public Records disclosure.
The agency will not present the confidential data in the results of data analysis (including maps) in any manner that would reveal personal identifying information of individuals exempted from Public Records disclosure.
The agency shall comply with all state laws and regulations governing the confidentiality and exempt status of personal identifying and location information that is the subject of this Agreement.
The agency shall ensure any employee granted access to confidential data is subject to the terms and conditions of this Agreement.
The agency shall ensure any third party granted access to confidential data is subject to the terms and conditions of this Agreement. Acceptance of these terms must be provided in writing to the agency by the third party before personal identifying information is released.
The agency agrees to comply with all regulations for the security of confidential personal information as defined in FS 501.171.
The agency, when defined as “local government” by FS 282.3185, is required to adhere to all cybersecurity guidelines when in possession of data provided or obtained from the Polk County Property Appraiser.

The term of this Agreement shall commence on January 1, 2025, and shall run until December 31, 2025, the date of signature by the parties notwithstanding. This Agreement shall not automatically renew. A new agreement will be provided annually to ensure all responsible parties are aware of and maintain the terms and conditions of this Data Sharing and Usage Agreement.
In witness of their agreement to the terms above, the parties or their authorized agents hereby affix their signatures.

POLK COUNTY PROPERTY APPRAISER

Agency:

North Powerline Road Community Developmen

Signature: 	

Signature: 	

Print:

Neil Combee	

Print:		

Title:

Polk County Property Appraiser	

Title:

Chairman

Date:

January 7, 2025	

Date:		

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

Section XI

CONTRACT AGREEMENT
This Agreement made and entered into on Monday, January 13, 2025 by and between the North Powerline Road Community Development District, a local unit of special purpose government of the State of Florida hereinafter referred to as the 'Special District', and Neil Combee, Polk County Property Appraiser, a Constitutional Officer of the State of Florida, whose address is 255 North Wilson Ave., Bartow, FL 33830, hereinafter referred to as the 'Property Appraiser'.
Section 197.3632 Florida Statutes, provides that special assessments of non-ad valorem taxes levied by the Special District may be included in the assessment rolls of the County and collected in conjunction with ad valorem taxes as assessed by the Property Appraiser. Pursuant to that option, the Property Appraiser and the Special District shall enter into an agreement providing for reimbursement to the Property Appraiser of administrative costs, including costs of inception and maintenance, incurred as a result of such inclusion.
The parties herein agree that, for the 2025 tax year assessment roll, the Property Appraiser will include on the assessment rolls such special assessments as are certified to her by the North Powerline Road Community Development District.
The term of this Agreement shall commence on January 1, 2025 or the date signed below, whichever is later, and shall run until December 31, 2025, the date of signature by the parties notwithstanding. This Agreement shall not automatically renew.
The Special District shall meet all relevant requirements of Section 197.3632 & 190.021 Florida Statutes.
The Special District shall furnish the Property Appraiser with up-to-date data concerning its boundaries and proposed assessments, and other information as requested by the Property Appraiser to facilitate in administering the non-ad valorem assessment in question. Specifically, if assessments will be included on the 2025 TRIM Notice, the Special District shall provide proposed assessments no later than Friday, July 11, 2025. The Special District’s assessments shall, as far as practicable, be uniform (e.g. one uniform assessment for maintenance, etc.) to facilitate the making of the assessments by the mass data techniques utilized by the Property Appraiser.
The Special District shall certify to the Property Appraiser the Special District’s annual installment and levy no later than Monday, September 15, 2025. The Property Appraiser shall, using the information provided by the Special District, place the Special District’s non ad-valorem special assessments on properties within the district for inclusion on the 2025 tax roll.
The Property Appraiser shall be compensated by the Special District for the administrative costs incurred in carrying out this Agreement at the rate of 1% of the amount levied on the TRIM Notice or if the TRIM Notice is not used, the rate shall be 1% of the amount levied on the 2025 tax roll. For the TRIM Notice, the Property Appraiser will require payment on or before Monday, September 15, 2025 for processing within the Property Appraiser budget year (October 1st – September 30th).
If the actual costs of performing the services under this agreement exceed the compensation provided for in Paragraph 7, the amount of compensation shall be the actual costs of performing the services under this agreement.
If tax roll corrections are requested by the Special District, the Property Appraiser shall be compensated by the Special District for the administrative costs incurred at the rate of $5.00 for each tax roll correction exceeding ten (10) corrections per tax
year.
The Special District shall indemnify and hold harmless, to the extent permitted by Florida law and without waiving its right of any applicable sovereign immunity, the Property Appraiser and all respective officers, employees, agents and instrumentalities from any and all liability, losses or damages, including attorneys' fees and costs of defense, which the Property Appraiser and all respective officers, employees, agents or instrumentalities may incur as a result of claims, demands, suits, causes of actions or proceedings of any kind or nature arising out of, relating to or resulting from the negligent or intentional acts or omissions of the Special District or its employees, agents, servants, partners, principals, or subcontractors arising out of, relating to, or resulting from the performance of the Agreement. The Special District shall pay all claims and losses in connection therewith and shall investigate and defend all claims, suits or actions of any kind or nature in the name of the Property Appraiser where applicable, including appellate proceedings, and shall pay all costs, judgments, and attorneys' fees which may issue thereon.

EXECUTED By:

Special District Representative

Neil Combee
Polk County Property Appraiser By:

Print name

Title	Date

Neil Combee, Property Appraiser

Section XII

Section C

Item will be provided under separate cover.

Section D

Section 1

North Powerline Road
Community Development District

Summary of Check Register

November 1, 2024 to December 31, 2024

Bank	Date	Check No.'s	Amount

General Fund		
	11/7/24	808-810	$	13,499.26	
	11/14/24	811-813	$	13,142.54	
	11/26/24	814-815	$	12,866.00	
	12/6/24	816-820	$	11,495.72	
	12/13/24	821-825	$	13,795.79	
	12/16/24	826-831	$	16,685.17	

Total Amount	$	81,484.48

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/21/25	PAGE	1
*** CHECK DATES 11/01/2024 - 12/31/2024 ***	N POWERLINE RD - GENERAL
BANK A NORTH POWERLINE RD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
11/07/24 00049 11/01/24 INV-0317 202411 320-53800-47000	*	918.00
LAKE MAINTENANCE - NOV 24
DEANGELO CONTRACTING SERVICES LLC	918.00 000808
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/07/24 00034 11/01/24 15042	202411 320-53800-46200	*	5,835.84
DR4 LANDSCAPE MAINT NOV24
11/01/24 15061	202411 320-53800-46200	*	3,820.42
LANDSCAPE MAINT - NOV24
PRINCE & SONS INC.	9,656.26 000809
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/07/24 00050 10/25/24 25214	202410 330-57200-48000	*	175.00
NEW LIFE RING
11/01/24 25261	202411 330-57200-48500	*	2,750.00
POOL MAINTENANCE - NOV 24
RESORT POOL SERVICES	2,925.00 000810
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/14/24 00006 11/01/24 161	202411 310-51300-34000	*	3,750.00
MANAGEMENT FEES - NOV 24
11/01/24 161	202411 310-51300-35200	*	110.25
WEBSITE ADMIN - NOV 24
11/01/24 161	202411 310-51300-35100	*	165.42
INFORMATION TECH - NOV 24
11/01/24 161	202411 310-51300-31300	*	750.00
DISSEMINATION - NOV 24
11/01/24 161	202411 330-57200-48300	*	1,250.00

202411 310-51300-42000	*	11.38	
202411 320-53800-34000	*	1,666.67	

AMENITY ACESS - NOV 24 11/01/24 161
POSTAGE 11/01/24 162
FIELD MANAGEMENT - NOV 24
GOVERNMENTAL MANAGEMENT SERVICES-CF	7,703.72 000811
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/14/24 00066 11/14/24 12012024 202411 300-15500-10000	*	3,048.12
DR PLAYGRND LEASE DEC 24
HEIDI BONNET	3,048.12 000812
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/14/24 00054 11/14/24 12012024 202411 300-15500-10000	*	2,390.70
PLAYGRND/FUR LEASE DEC 24
WHFS LLC	2,390.70 000813
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/26/24 00053 11/07/24 61921879 202411 330-57200-48100	*	40.00
PEST CONTROL - NOV 24
MASSEY SERVICES INC.	40.00 000814
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/26/24 00034 10/30/24 15158	202409 320-53800-46300	*	2,035.00
REPLACE PLANTS
NPRC NORTH POWER LI IARAUJO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/21/25	PAGE	2
*** CHECK DATES 11/01/2024 - 12/31/2024 ***	N POWERLINE RD - GENERAL
BANK A NORTH POWERLINE RD

DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS			AMOUNT	#	
	11/01/24	15254	202409 320-53800-46300	*	500.00			

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....

	REMOVE DEAD TREES		
	11/06/24 15209	202409 320-53800-46300										*						4,725.00			
	REPLACE PLANTS																			
	11/06/24 15210	202409 320-53800-46300										*						5,566.00			
	REPLACE PLANTS																			
	PRINCE	& SONS INC.																12,826.00	000815	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - -	- - - - - -	- - -	-	-	-	-	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
12/06/24 00064	11/30/24 00068162 202411 310-51300-48000										*						1,018.90			
NOT OF LANDOWNER ELECTION
GANNETT FLORIDA LOCALIQ	1,018.90 000816
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/06/24 00066 12/06/24 01012025 202412 300-15500-10000	*	3,048.12
DR PLAYGRND LEASE JAN 25
HEIDI BONNET	3,048.12 000817
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/06/24 00032 12/03/24 10900	202410 310-51300-31500	*	637.43
GENERAL COUNSEL - OCT 24
KILINSKI VAN WYK PLLC	637.43 000818
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/06/24 00059 10/31/24 11930370 202410 330-57200-34500	*	1,824.16
SECURITY SERVICES OCT24
11/30/24 11969297 202411 330-57200-34500	*	2,576.41
SECURITY SERVICES NOV24
SECURITAS SECURITY SERVICES USA,INC	4,400.57 000819
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/06/24 00054 12/06/24 01012025 202412 300-15500-10000	*	2,390.70
PLAYGRND/FUR LEASE JAN 25
WHFS LLC	2,390.70 000820
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/13/24 00072 11/20/24 AD112020 202411 310-51300-11000	*	200.00
SUPERVISOR FEE 11/20/24
ALEXIS DIAZ	200.00 000821
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/13/24 00006 12/01/24 165	202412 310-51300-34000	*	3,750.00
MANAGEMENT FEES - DEC 24
12/01/24 165	202412 310-51300-35200	*	110.25
WEBSITE ADMIN - DEC 24
12/01/24 165	202412 310-51300-35100	*	165.42
INFORMATION TECH - DEC 24
12/01/24 165	202412 310-51300-31300	*	750.00
DISSEMINATION - DEC 24
12/01/24 165	202412 330-57200-48300	*	1,250.00
AMENITY ACCESS - DEC 24
12/01/24 165	202412 310-51300-51000	*	2.95
OFFICE SUPPLIES
NPRC NORTH POWER LI IARAUJO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/21/25	PAGE	3
*** CHECK DATES 11/01/2024 - 12/31/2024 ***	N POWERLINE RD - GENERAL
BANK A NORTH POWERLINE RD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
12/01/24 165	202412 310-51300-42000	*	67.18
POSTAGE
12/01/24 166	202412 320-53800-34000	*	1,666.67
FIELD MANAGEMENT - DEC 24
GOVERNMENTAL MANAGEMENT SERVICES-CF	7,762.47 000822
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/13/24 00008 11/20/24 KC112020 202411 310-51300-11000	*	200.00
SUPERVISOR FEE 11/20/24
KEVIN CHINOY	200.00 000823

12/13/24 00032	7/13/24	
	8/15/24	
	9/10/24	
	10/16/24	
	12/07/24	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9774	202406 310-51300-49100	*	540.00
BOUNDARY AMENDMENT #5 FEE
10112	202407 310-51300-49100	*	360.00
BOUNDARY AMENDMENT #5 FEE
10233	202408 310-51300-49100	*	1,035.50
BOUNDARY AMENDMENT #5 FEE
10626	202409 310-51300-49100	*	1,196.00
BOUNDARY AMENDMENT #5 FEE
11002	202411 310-51300-31500	*	2,301.82
GENERAL COUNSEL - NOV 24
KILINSKI VAN WYK PLLC	5,433.32 000824
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/13/24 00011 11/20/24 RH112020 202411 310-51300-11000	*	200.00
SUPERVISOR FEE 11/20/24
RENNIE HEATH	200.00 000825
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/24 00049 12/01/24 INV-0338 202412 320-53800-47000	*	918.00
LAKE MAINTENANCE - DEC 24
DEANGELO CONTRACTING SERVICES LLC	918.00 000826
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/24 00051 11/19/24 13720	202411 330-57200-48200	*	550.00
MONTHLY CLEANING - NOV 24
11/19/24 13720	202411 330-57200-48200	*	250.00
TRASH COLLECT - NOV 24
11/19/24 13723	202411 330-57200-48200	*	322.00
DEEP CLEAN POOL FURN
CSS CLEAN STAR SERVICES CENTRAL FL	1,122.00 000827
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/24 00006 10/31/24 163	202410 330-57200-48000	*	950.00
MILTON AMENITY PREP/RESET
10/31/24 164	202410 320-53800-48000	*	400.00
FENCEREPAIRS/STORMCLEANUP
GOVERNMENTAL MANAGEMENT SERVICES-CF	1,350.00 000828
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/24 00053 12/05/24 62953479 202412 330-57200-48100	*	40.00
PEST CONTROL - DEC 24
MASSEY SERVICES INC.	40.00 000829
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
NPRC NORTH POWER LI IARAUJO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/21/25	PAGE	4
*** CHECK DATES 11/01/2024 - 12/31/2024 ***	N POWERLINE RD - GENERAL

CHECK	VEND# DATE	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS		STATUS	AMOUNT	....CHECK..... AMOUNT	#	
12/16/24 00034	11/13/24 15362	202411 320-53800-47300
11/22/24 15428	202411 320-53800-46200		*
*	213.58
440.00		
	PALM CLEANING
12/01/24 15472	202412 320-53800-46200		*	5,835.84		
	DR4 LANDSCAPE MAINT DEC24
12/01/24 15490	202412 320-53800-46200		*	3,820.42		
	LANDSCAPE MAINT - DEC24
12/05/24 15660	202412 320-53800-47300		*	65.00		
	IRRIGATION REPAIRS
12/05/24 15661	202412 320-53800-47300		*	130.33		
	IRRIGATION REPAIRS
PRINCE & SONS INC.				10,505.17 000830	
- - - - - - - - 12/16/24 00050	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/01/24 25570	202412 330-57200-48500
RESORT POOL SERVICES	- - - - -	- - - - - - - - -
*	- - - - -	- - - - - - - -

2,750.00 000831	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - -	- - - - - - - - -	- - - - -	- - - - - - - -	

BANK A NORTH POWERLINE RD

IRRIGATION REPAIRS

POOL MAINTENANCE - DEC24

2,750.00

TOTAL FOR BANK A	81,484.48
TOTAL FOR REGISTER	81,484.48

NPRC NORTH POWER LI IARAUJO

Section 2

North Powerline Road
Community Development District

Unaudited Financial Reporting
January 31, 2025

Table of Contents

1	Balance Sheet	

2-3	

General Fund	

4	

Capital Reserve Fund	

5	

Series 2020 Debt Service Fund	

6	

Series 2022 Debt Service Fund	

7	

Series 2020 Capital Projects Fund	

8	

Series 2022 Capital Projects Fund	

9-10	

Month to Month	

11	

Long Term Debt Summary	

12	

Assessment Receipt Schedule	

North Powerline Road
Community Development District Combined Balance Sheet
January 31, 2025

	General Fund	Debt Service Funds	Capital Funds	Total Governmental Funds	
Assets:
Operating Account	

$	942,875	$	

-	$		

-	$	942,875	
Capital Projects Account	$	-	$	-	$		85	$	85	
Investments:
Capital Reserve - Money Market Series 2020
Reserve	
$	-

$	-	
$	-	$	154,297	$	154,297

$	355,933	$	-	$	355,933	
Revenue	$	-	$	788,786	$	-	$	788,786	
Prepayment Series 2022
Reserve	$	-

$	-	$	298	$	-	$	298

$	265,234	$	-	$	265,234	
Revenue	$	-	$	644,887	$	-	$	644,887	
Due from Developer	$	927	$	-	$	-	$	927	
Prepaid Expenses	$	5,439	$	-	$	-	$	5,439	
Total Assets	$	949,241	$	2,055,137	$	154,382	$	3,158,761	
Liabilities:
Accounts Payable	

$	10,759	

$	-	$	-	$	10,759	
Retainage Payable	$	-	$	-	$	256,053	$	256,053	
Total Liabilites	$	10,759	$	-	$	256,053	$	266,813	
Fund Balance:
Nonspendable: Prepaid Items	

$	5,439	

$	-	$	-	$	5,439	
Restricted for:
Debt Service - Series 2020	$	-	$	1,145,016	$	-	$	1,145,016	
Debt Service - Series 2022	$	-	$	910,121	$	-	$	910,121	
Capital Projects - Series 2020	$	-	$	-	$	85	$	85	
Capital Projects - Series 2022	$	-	$	-	$	(256,053)	$	(256,053)	
Assigned for:				
Capital Reserves	$	-	$	-	$	154,297	$	154,297	
Unassigned	$	933,043	$	-	$	-	$	933,043	
Total Fund Balances	$	938,482	$	2,055,137	$	(101,671)	$	2,891,948	
					
Total Liabilities & Fund Balance	$	949,241	$	2,055,137	$	154,382	$	3,158,761	

North Powerline Road
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending January 31, 2025

Adopted	Prorated Budget	Actual	
Budget	Thru 01/31/25	Thru 01/31/25	Variance	

Revenues:		
Assessments - Tax Roll	$	771,872	$	754,480	$	754,480	$	-	
Assessments - Direct Bill	$	115,155	$	57,578	$	57,578	$	-	
Interest	$	-	$	-	$	33	$	33	
Total Revenues	$	887,027	$	812,057	$	819,032	$	6,975	

Expenditures:						
General & Administrative:						
Supervisor Fees	$	12,000	$	4,000	$	2,000	$	2,000	
Engineering	$	17,500	$	5,833	$	1,473	$	4,361	
Attorney	$	30,000	$	10,000	$	5,463	$	4,537	
Annual Audit	$	5,600	$	-	$	-	$	-	
Assessment Administration	$	8,500	$	8,500	$	8,500	$	-	
Arbitrage	$	2,250	$	450	$	450	$	-	
Dissemination	$	9,000	$	3,000	$	3,000	$	-	
Trustee Fees	$	20,205	$	4,041	$	4,041	$	-	
Management Fees	$	45,000	$	15,000	$	15,000	$	-	
Information Technology	$	1,985	$	662	$	662	$	(0)	
Website Maintenance	$	1,323	$	441	$	441	$	-	
Postage & Delivery	$	1,000	$	333	$	458	$	(124)	
Insurance	$	8,840	$	8,840	$	6,631	$	2,209	
Copies	$	500	$	167	$	70	$	96	
Legal Advertising	$	10,000	$	3,333	$	1,019	$	2,314	
Other Current Charges	$	2,500	$	833	$	167	$	666	
Office Supplies	$	250	$	83	$	6	$	77	
Dues, Licenses & Subscriptions	$	175	$	58	$	175	$	(117)	
Total General & Administrative	$	176,627	$	65,574	$	60,938	$	4,636	

Operations & Maintenance						
Field Expenditures
Property Insurance	

$	27,500	

$	27,500	

$	21,530	

$	

5,970	
Field Management	$	20,000	$	6,667	$	6,667	$	-	
Landscape Maintenance	$	160,000	$	53,333	$	39,715	$	13,618	
Landscape Replacement	$	25,000	$	8,333	$	-	$	8,333	
Lake Maintenance	$	15,204	$	5,068	$	5,527	$	(459)	
Fountain Maintenance	$	1,800	$	600	$	-	$	600	
Streetlights	$	112,000	$	37,333	$	52,296	$	(14,962)	
Electric	$	9,000	$	3,000	$	1,101	$	1,899	
Water & Sewer	$	2,400	$	800	$	69	$	731	
Sidewalk & Asphalt Maintenance	$	2,500	$	833	$	-	$	833	
Irrigation Repairs	$	5,000	$	1,667	$	498	$	1,169	
General Repairs & Maintenance	$	20,000	$	6,667	$	2,037	$	4,629	
Contingency	$	7,500	$	2,500	$	-	$	2,500	
Subtotal Field Expenditures	$	407,904	$	154,301	$	129,440	$	24,861	

North Powerline Road
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending January 31, 2025

Adopted	Prorated Budget	Actual	
Budget	Thru 01/31/25	Thru 01/31/25	Variance	

Amenity Expenditures		
Amenity - Electric	$	18,000	$	6,000  $	3,569	$	2,431	
Amenity - Water	$	4,000	$	1,333  $	906	$	427	
Playground Lease	$	53,688	$	17,896  $	21,755	$	(3,859)	
Internet	$	2,000	$	667  $	542	$	125	
Pest Control	$	648	$	216  $	160	$	56	
Janitorial Services	$	14,060	$	4,687  $	3,522	$	1,165	
Security Services	$	34,000	$	11,333  $	6,427	$	4,907	
Pool Maintenance	$	33,300	$	11,100  $	11,450	$	(350)	
Amenity Access Management	$	15,000	$	5,000  $	5,000	$	-	
Amenity Repairs & Maintenance	$	12,500	$	4,167  $	3,951	$	215	
Hog Trap	$	5,000	$	1,667  $	-	$	1,667	
Holiday Decorations	$	7,500	$	7,500  $	7,500	$	-	
Contingency	$	7,500	$	2,500  $	4,354	$	(1,854)	
Subtotal Amenity Expenditures	$	207,196	$	74,065  $	69,136	$	4,929	
				
Total Operations & Maintenance	$	615,100	$	228,367  $	198,576	$	29,790	
				
Total Expenditures	$	791,727	$	293,941  $	259,515	$	34,426	

Other Financing Uses

Transfer Out - Capital Reserves	

$	95,300	

$	-	$	-	

$	-	
Total Other Financing Uses	$	95,300	$	-  $	-	$	-	
				
Total Expenditures & Other Financing Uses	$	887,027	$	293,941  $	259,515	$	34,426	
				
Net Change in Fund Balance	$	(0)	$	559,518		
				
Fund Balance - Beginning	$	-	$	378,964		
				
Fund Balance - Ending	$	(0)	$	938,482		

North Powerline Road
Community Development District Capital Reserve Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending January 31, 2025

	Adopted	Prorated Budget	Actual		
	Budget	Thru 01/31/25	Thru 01/31/25		Variance		
Revenues							
Interest	$	2,000	$	2,000	$	2,081	$		81	
Total Revenues	$	2,000	$	2,000	$	2,081	$		81	

Expenditures:							
Chair Lift Replacement	$	10,500	$	-	$	-	$		-	
Fountain Replacement	$	13,500	$	-	$	-	$		-	
Playground Fence	$	10,000	$	-	$	-	$		-	
Contingency	$	1,000	$	-	$	-	$		-	
Total Expenditures	$	35,000	$	-	$	-	$		-	
							
Excess (Deficiency) of Revenues over Expenditures	$	(33,000)		$	2,081				

Other Financing Sources							
Transfer In - General Fund	$	95,300	$	-	$	-	$		-	
Total Other Financing Sources	$	95,300	$	-	$	-	$		-	
							
Net Change in Fund Balance	$	62,300		$	2,081				
							
Fund Balance - Beginning	$	92,623		$	152,216				
							
Fund Balance - Ending	$	154,923		$	154,297				

North Powerline Road
Community Development District Debt Service Fund Series 2020
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending January 31, 2025

Adopted	Prorated Budget	Actual	
Budget	Thru 01/31/25	Thru 01/31/25	Variance	

Revenues:		
Assessments - Tax Roll	$	712,525	$	696,465	$	696,465	$	-	
Interest	$	8,000	$	8,000	$	8,198	$	198	
Total Revenues	$	720,525	$	704,465	$	704,663	$	198	

Expenditures:						
Interest - 11/1	$	222,391	$	222,391	$	222,391	$	-	
Principal - 5/1	$	270,000	$	-	$	-	$	-	
Interest - 5/1	$	222,391	$	-		$	-	
Total Expenditures	$	714,781	$	222,391	$	222,391	$	-	
						
Excess (Deficiency) of Revenues over Expenditures	$	5,743		$	482,272			
						
Fund Balance - Beginning	$	305,857		$	662,744			
						
Fund Balance - Ending	$	311,600		$	1,145,016			

North Powerline Road
Community Development District Debt Service Fund Series 2022
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending January 31, 2025

	Adopted	Prorated Budget	Actual		
	Budget	Thru 01/31/25	Thru 01/31/25		Variance		

Revenues:							
Assessments - On Roll	$	533,100	$	521,084	$	521,084	$		-	
Interest	$	30,000	$	7,265	$	7,265	$		-	
Total Revenues	$	563,100	$	528,349	$	528,349	$		-	

Expenditures:							
Interest - 11/1	$	206,778	$	206,778	$	206,778	$		-	
Principal - 5/1	$	115,000	$	-	$	-	$		-	
Interest - 5/1	$	206,778	$	-	$	-	$		-	
Total Expenditures	$	528,556	$	206,778	$	206,778	$		-	
							
Excess (Deficiency) of Revenues over Expenditures	$	34,544		$	321,571				

Other Financing Sources/(Uses):							
Transfer In/(Out)	$	-	$	-	$	-	$		-	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$		-	
							
Net Change in Fund Balance	$	34,544		$	321,571				
							
Fund Balance - Beginning	$	426,912		$	588,550				
							
Fund Balance - Ending	$	461,455		$	910,121				

North Powerline Road
Community Development District Capital Projects Fund Series 2020
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending January 31, 2025

Adopted	Prorated Budget	Actual	
Budget	Thru 01/31/25	Thru 01/31/25	Variance	

Revenues		
Interest	$	-	$	-	$	2	$	2	
Total Revenues	$	-	$	-	$	2	$	2	

Expenditures:					
Capital Outlay - Phase 1	$	-	$	-	$	33	$	(33)	
Capital Outlay - Phase 2	$	-	$	-	$	422	$	(422)	
Admin Contingency	$	-	$	-	$	210	$	(210)	
Total Expenditures	$	-	$	-	$	665	$	(665)	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	(663)		
					
Fund Balance - Beginning	$	-	$	748		
					
Fund Balance - Ending	$	-	$	85		

North Powerline Road
Community Development District Capital Projects Fund Series 2022
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending January 31, 2025

	Adopted		Prorated Budget	Actual		
		Budget		Thru 01/31/25	Thru 01/31/25	Variance	
Revenues							
Developer Contributions Interest	$
$		$
$		-	$	-
-	$	1,272	$	-
$	1,272	
Total Revenues	$		-  $		-  $	1,272	$	1,272	

Expenditures:							
Capital Outlay - Phase 3	$		-	$		-	$	135,598	$	(135,598)	
Capital Outlay - Phase 4	$		-	$		-	$	132,734	$	(132,734)	
Total Expenditures	$		-  $		-  $	268,332	$	(268,332)	
							
Excess (Deficiency) of Revenues over Expenditures	$		-		$	(267,060)		
							
Fund Balance - Beginning	$		-		$	11,007		
							
Fund Balance - Ending	$		-		$	(256,053)		

North Powerline Road
Community Development District Month to Month

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

Revenues:

Assessments - Tax Roll	$	-	$	23,530	$	725,252	$	5,697	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	754,480	
Assessments - Direct Bill	$	-	$	-	$	-	$	57,578	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	57,578	
Interest	$	3	$	2	$	10	$	17	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	33	
Total Revenues	$	3	$	23,533	$	725,322	$	70,174	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	819,032	

Expenditures:						
General & Administrative:						
Supervisor Fees	$	-	$	600	$	1,400	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	2,000	
Engineering	$	640	$	-	$	470	$	363	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,473	
Attorney	$	637	$	2,302	$	2,524	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	5,463	
Annual Audit	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Assessment Administration	$	8,500	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	8,500	
Arbitrage	$	-	$	-	$	-	$	450	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	450	
Dissemination	$	750	$	750	$	750	$	750	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	3,000	
Trustee Fees	$	-	$	-	$	-	$	4,041	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	4,041	
Management Fees	$	3,750	$	3,750	$	3,750	$	3,750	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	15,000	
Information Technology	$	165	$	165	$	165	$	165	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	662	
Website Maintenance	$	110	$	110	$	110	$	110	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	441	
Postage & Delivery	$	50	$	11	$	67	$	329	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	458	
Insurance	$	6,631	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	6,631	
Printing & Binding	$	2	$	-	$	-	$	69	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	70	
Legal Advertising	$	-	$	1,019	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,019	
Other Current Charges	$	41	$	44	$	42	$	41	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	167	
Boundary Amendment Expenses	$	3,861	$	2,095	$	927	$	4,500	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	11,383	
Office Supplies	$	1	$	-	$	3	$	3	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	6	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	175	
Total General & Administrative	$	25,314	$	10,846	$	10,208	$	14,570	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	60,938	

Operations & Maintenance						
Field Expenditures
Property Insurance	

$	21,530	

$	-	

$	-	

$	-	

$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	21,530	
Field Management	$	1,667	$	1,667	$	1,667	$	1,667	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	6,667	
Landscape Maintenance	$	9,656	$	10,746	$	9,656	$	9,656	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	39,715	
Landscape Replacement	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Lake Maintenance	$	2,773	$	918	$	918	$	918	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	5,527	
Fountain Maintenance	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Streetlights	$	13,074	$	13,074	$	13,074	$	13,074	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	52,296	
Electric	$	415	$	132	$	229	$	325	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,101	
Water & Sewer	$	17	$	17	$	17	$	17	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	69	
Sidewalk & Asphalt Maintenance	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Irrigation Repairs	$	89	$	214	$	195	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	498	
General Repairs & Maintenance	$	400	$	1,637	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	2,037	
Contingency	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Subtotal Field Expenditures	$	49,621	$	28,405	$	25,756	$	25,657	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	129,440	

North Powerline Road
Community Development District Month to Month

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

Amenity Expenditures Amenity - Electric Amenity - Water Playground Lease Internet
Pest Control Janitorial Services

$	1,681  $
$	218  $
$	5,439  $
$	135  $
$	40  $
$	800  $

-  $
200  $
5,439  $
135  $
40  $
1,122  $

990  $
229  $
5,439  $
135  $
40  $
800  $

898  $
260  $
5,439  $
135  $
40  $
800  $

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

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

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

-  $	3,569
-  $	906
-  $	21,755
-  $	542
-  $	160
-  $	3,522

Security Services

$	1,824  $

2,576  $

2,026  $	-  $

- $	-  $	-  $

-  $	-  $

-  $	-  $

-  $	6,427

Pool Maintenance
Amenity Access Management Amenity Repairs & Maintenance Hog Trap
Holiday Decorations Contingency
Capital Outlay

$	3,200  $
$	1,250  $
$	3,526  $
$	-  $
$	-  $
$	-  $
$	-  $

2,750  $
1,250  $
-  $
-  $
7,500  $
-  $
-  $

2,750  $
1,250  $
425  $
-  $
-  $
4,354  $
-  $

2,750  $
1,250  $
-  $
-  $
-  $
-  $
-  $

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

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

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

-  $	11,450
-  $	5,000
-  $	3,951
-  $	-
-  $	7,500
-  $	4,354
-  $	-

Other Financing Uses

Transfer Out

$

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-

Net Change in Fund Balance	$	(93,046)  $	(36,731)  $	670,920  $	18,375  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	559,518

Total Expenditures & Other Financing Uses	$	93,049  $	60,264  $	54,403  $	51,799  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	259,515

Total Other Financing Uses	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-

Total Expenditures	$	93,049  $	60,264  $	54,403  $	51,799  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	259,515

Total Operations & Maintenance	$	67,734  $	49,418  $	44,194  $	37,230  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	198,576

Subtotal Amenity Expenditures	$	18,113  $	21,013  $	18,438  $	11,572  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	69,136

North Powerline Road
Community Development District Long Term Debt Report

Series 2020, Special Assessment Revenue Bonds	
Maturity Date:	5/1/2051	
Reserve Fund Definition	50% Maximum Annual Debt Service	
Reserve Fund Requirement	$355,933	
Reserve Fund Balance	$355,933	
Bonds Outstanding - 12/14/20	$12,685,000	
Less: Principal Payment - 05/01/22	($250,000)	
Less: Special Call - 05/01/22	($20,000)	
Less: Special Call - 11/01/22	($5,000)	
Less: Principal Payment - 05/01/23	($255,000)	
Less: Principal Payment - 05/01/24	($260,000)	
Current Bonds Outstanding	$11,895,000	

Series 2022, Special Assessment Revenue Bonds	
Maturity Date:	5/1/2052	
Reserve Fund Definition	Maximum Annual Debt Service	
Reserve Fund Requirement	$265,234	
Reserve Fund Balance	$265,234	
Bonds Outstanding - 06/09/22	$11,000,000	
Less: Principal Payment - 05/01/23	($150,000)	
Less: Special Call - 08/01/23	($1,560,000)	
Less: Special Call - 11/01/23	($1,605,000)	
Less: Principal Payment - 05/01/24	($115,000)	
Less: Special Call - 08/01/24	($110,000)	
Current Bonds Outstanding	$7,460,000	

North Powerline Road CDD
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2025

ON ROLL ASSESSMENTS

Gross Assessments $ Net Assessments  $

829,975.76  $
771,877.46  $

766,155.52  $
712,524.63  $

573,225.66  $
533,099.86  $

2,169,356.94
2,017,501.95

38.26%	35.32%	26.42%	100.00%

Date	
Distribution	
Gross Amount	
Discount/Penalty	
Commission	
Interest	
Property Appraiser	
Net Receipts	
General Fund	
ries 2020 Debt Servi	
ries 2022 Debt Serv	
Total	

11/13/24	
10/21/24	
$1,664.64	
($57.29)	
($32.15)	
$0.00	
$0.00	
$1,575.20	
$602.65	
$556.32	
$416.23	
$1,575.20	
11/15/24	10/01-10/31/24	$2,637.85	($105.52)	($50.65)	$0.00	$0.00	$2,481.68	$949.47	$876.46	$655.75	$2,481.68	
11/19/24	11/01-11/07/24	$17,157.82	($686.30)	($329.43)	$0.00	$0.00	$16,142.09	$6,175.81	$5,700.93	$4,265.35	$16,142.09	
11/26/24	11/08-11/15/24	$43,902.71	($1,756.12)	($842.93)	$0.00	$0.00	$41,303.66	$15,802.40	$14,587.28	$10,913.98	$41,303.66	
12/06/24	11/16-11/26/24	$501,480.69	($20,059.68)	($9,628.42)	$0.00	$0.00	$471,792.59	$180,503.45	$166,623.80	$124,665.34	$471,792.59	
12/20/24	11/27-11/30/24	$1,351,951.98	($54,162.44)	($25,955.79)	$0.00	$0.00	$1,271,833.75	$486,591.75	$449,175.71	$336,066.29	$1,271,833.75	
12/27/24	12/01-12/15/24	$184,492.09	($7,245.90)	($3,544.92)	$0.00	$0.00	$173,701.27	$66,456.48	$61,346.38	$45,898.41	$173,701.27	
12/30/24	Inv#4652161	$0.00	$0.00	$0.00	$0.00	($13,393.81)	($13,393.81)	($5,124.35)	($4,730.31)	($3,539.15)	($13,393.81)	
12/30/24	Inv#4652162	$0.00	$0.00	$0.00	$0.00	($8,299.76)	($8,299.76)	($3,175.41)	($2,931.24)	($2,193.11)	($8,299.76)	
01/10/25	12/16-12/31/24	$15,649.19	($453.59)	($303.91)	$0.00	$0.00	$14,891.69	$5,697.43	$5,259.32	$3,934.94	$14,891.69	
	TOTAL	$	2,118,936.97	$	(84,526.84)	$	(40,688.20)	$	-	$	(21,693.57)	$ 1,972,028.36	$  754,479.68	$	696,464.65	$  521,084.03	$	1,972,028.36	

98%

Net Percent Collected

 $	45,473.59  Bal. Remaining to Collect 

DIRECT BILL ASSESSMENTS

Cassidy Holdings LLC 2025-01			
Net Assessments	
$	115,155.02	
Date Received	Due Date	Check Number	Net Assessed	Amount Received - GF	
1/29/25	10/1/24	2516/2517/2518	$	57,577.51	$	57,577.51	
	2/1/25		$	28,788.75	$	-	
	5/1/25		$	28,788.75	$	-	
			$	115,155.01	57,577.51