ChampionsGate Community Development District

Agenda May 8, 2018

AGENDA

ChampionsGate
Community Development District
135 W. Central Blvd., Suite 320, Orlando, Florida 32801
Phone: 407-841-5524- Fax: 407-839-1526

May 1, 2018

Board of Supervisors CharnpionsGate Community Development District

Dear Board Members:

The meeting of the Board of Supervisors of the ChampionsGate Community Development District will be held Tuesday, May 8, 2018 at 2:00 p.m. at the Offices of Rida Associates, 8390 ChampionsGate Blvd., Suite 104, ChampionsGate, Florida. Following is the advance agenda for the regular meeting:

Roll Call
Public Comment Period
Approval of Minutes of the February 13, 2018 Meeting
Consideration of  Conveyance Documents
Resolution 2018-01 Approving and Accepting Conveyance of Portions of Laura Lane and Berwick Drive
Special Warranty Deeds (3) from CG Infrastructure, LLC to the District
Termination of Grant Access and Utilities Easements
Consideration of Construction Agreements (2) with AAA Top Quality Asphalt, LLC for Laura Lane & Berwick Drive Repairs
Consideration of Resolution 2018-02 Authorizing Establishment of State Board of Administration (SBA) Account
Consideration of Resolution 2018-03 Approving the Proposed Fiscal Year 2019 Budget and Setting a Public Hearing
Ratification of Service Quote from Don Bell Signs, LLC to Replace Sign Lighting
Discussion of 2019 District Contracts
Staff Reports
Attorney
Engineer
District Manager's Report
Approval of Check Register
Balance Sheet and Income Statement
Presentation of Number of Registered Voters - 1,036
Presentation of Qualifying Information and Dates
Presentation of Arbitrage Rebate Calculation Report
Other Business
Supervisor's Requests
Adjournment

The second order of business is the Public Comment Period where the public has an opportunity to be heard on propositions coming before the Board as reflected on the agenda, and any other items.
The third order of business is the approval of the minutes of the February 13, 2018 meeting. The minutes are enclosed for your review.
The fourth order of business is the consideration of documents related to Laura Lane and Berwick Drive. Section A includes Resolution 2018-01 approving and accepting the conveyance of portions of Laura Lane and Berwick Drive. Section B includes three (3) Special Warranty Deeds from CG Infrastructure, LLC to the District for Parcels 1 - 3. Section C includes the termination of grant access and utilities easements.
The fifth order of business is the consideration of two (2) construction agreements with AAA Top Quality Asphalt for Laura Lane and Berwick Drive repairs. Copies of both agreements are enclosed for your review.
The sixth order of business is the consideration of Resolution 2018-02 authorizing the establishment of a State Board of Administration (SBA) account. A copy of the Resolution is enclosed for your review.
The seventh order of business is the consideration of Resolution 2018-03 approving  the proposed budget for the Fiscal Year 2019 and setting a public hearing. Once approved, the budget will be transmitted to the governing authorities at least 60 days prior to the final budget hearing. A copy of the Resolution and proposed budget are enclosed for your review.
The eighth order of business is the ratification of the service quote from Don Bell Signs, LLC to replace sign lighting. A copy of the proposal is enclosed for your review.
The ninth order of business is the discussion of the 2019 contracts for the  Districts.  Fee  proposals from Rida & Associates and Weber Landscape are enclosed for your review.
Section C of the tenth order of business is the District Manager's Report. Section 1 is the check register for being submitted for approval and Section 2 includes the balance sheet and income statement for your review. Section 3 is the presentation of the number of registered voters  within the boundaries of the District. A copy of the letter from the Osceola  County Supervisor  of Elections is enclosed for your review. Section 4 is the presentation of the qualifying information and dates for the 2018 general election. A copy of the information is enclosed for your review. Section 5 is the presentation of the arbitrage rebate calculation report for the Series 1998A & 1997B bonds. A copy of the report is enclosed for your review.

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

George S. Flint District Manager
Cc:	Scott Clark, District Counsel
Mark Vincuntonis, District Engineer Yvonne Shouey, On-Site Manager Marc Reicher, Rida Associates Teresa Viscarra, GMS
Darrin Mossing, GMS
Enclosures

MINUTES

MINUTES OF MEETING CHAMPIONSGATE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the ChampionsGate Community Development District was held Tuesday, February 13, 2018 at 2:00 p.m. at the offices of RIDA Development, 8390 ChampionsGate Boulevard, Suite 104, ChampionsGate, Florida.

Present and constituting a quorum were:
Phillip Montalvo Ron Root
Larry Arseniadis Darin Tennyson
Also present were: George Flint
Scott Clark
Mark Vincutonis Yvonne Shouey

FIRST ORDER OF BUSINESS

Chairman Assistant Secretary Assistant Secretary Assistant Secretary

District Manager District Counsel Hanson Walter RIDA Development

Roll Call

Mr. Flint called the meeting to order at 2:00 p.m. and called the roll.

SECOND ORDER OF BUSINESS	Public Comment Period
There being none, the next item followed.

TIDRD ORDER OF BUSINESS	Approval of the Minutes of the December 12,
2017 Meeting

On MOTION by Mr. Arseniadis seconded by Mr. Tennyson with all in favor the minutes of the December 12, 2017 meeting were approved as presented.

FOURTH ORDER OF BUSINESS	Review and Acceptance of Draft Fiscal Year
2017 Audit Report

February 13, 2018	ChampionsGate CDD

Mr. Flint stated next is the draft audit for Fiscal Year 2017. The District as a governmental entity is required to have an annual independent audit performed. This is the draft report that we provided you. On page 27 if there were any findings or recommendations they would be contained in section 1 and 2 and you can see that there are no current or prior year findings. They also indicate whether we have complied with the provisions of the Auditor General and they found that we have complied with all the provisions they are required to look at. There are no findings or recommendations, it is a clean audit.
Mr. Montalvo stated we have all of our cash and investments with U.S. Bank. Is there a reason it is in one place or one bank?
Mr. Flint stated the District is limited in the types of investments and these money market funds comply with the District's investment policy and unless you start looking at laddering CDs your earnings are not substantially greater by making it more complex. There is another avenue for investment and that is the State Board of Administration, which is an investment pool that is operated by the State of Florida for government entities. It is earning a better return than these money market funds. There was a period of time when they had issues and we pulled all of the investments out of the State Board of Administration. They recovered and have restructured how they operate the fund. Everyone was made whole eventually on that but over the last couple of years we have been moving investments back to the State Board of Administration. We think it is a better investment than these money markets.
Mr. Montalvo asked can we take a look at that?
Mr. Flint responded yes. They put out a monthly report that shows their rate of return and investments and they do have some investments in foreign banks, but I think it is diversified enough and I can provide that to you. You are going to earn in excess of 1% where on these money market funds it is less than half a basis point typically.
Mr. Clark asked does our adopted investment guideline contemplate that?
Mr. Flint responded yes because the State Board of Administration is actually cited in the Statute as one of the investment vehicles. Usually I have the Board adopt a resolution authorizing us to invest in that fund and we can do that at the next meeting if it is something you want to do.
Mr. Montalvo stated let's put that on the next agenda. Do we know what percent of our revenues come from Lennar?

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February 13, 2018

ChampionsGate CDD

Mr. Flint stated we can look at the assessment roll and figure that out. Mr. Montalvo statedjust to find out so we know that.
Ms. Shouey stated it is on the report that I get from you. Everybody's is on there, everything Lennar has and everything RIDA has. I can figure that out for you.
Mr. Flint stated I will pull the assessment roll out and do that.
Mr. Montalvo stated we talked in the past about the possibility of prepaying our bonds in 2019 maybe. Is there a process we have to initiate before that time to do that or do we come to the Board meetings and look at the numbers?
Mr. Flint stated I put an email together with the projected timing of that and I can pull that email out and forward it again.
Mr. Montalvo stated I was thinking more of the process and if we had to do anything.
Mr. Flint stated when the last full payment is made, the Trustee will look at account balances, the balance in the reserve fund and then we will do a special call and pay it off early. We won't just wait until the last payment and make the last payment, if the funds are available to make the last payment we will direct the Trustee to make a special call.

On MOTION by Mr. Montalvo seconded by Mr. Root with all in favor the Fiscal Year 2017 draft audit was accepted and staff authorized to transmit the final document to the State of Florida.

FIFTH ORDER OF BUSINESS	Ratification	of	Proposal	from	Cascade
Fountains to Replace Fountain Control Panel
Mr. Flint stated next is a proposal from Cascade Fountains to replace the fountain control
panel.
Ms. Shouey stated it is already done.	Instead of spending the $40,000 to replace the
whole fountain they got it up and running and it was $5,675, they put in the new motor, electrical panel and some lights. He said it should be good for three or four years. It is eventually going to have to have a whole new fountain and they are around $40,000. The new control panel will not have to be replaced when we have to replace the fountain.

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February 13, 2018	ChampionsGate COD

On MOTION by Mr. Root seconded by Mr. Arseniadis with all in favor the proposal from Cascade Fountains to replace the fountain control panel in the amount of$5,675.00 was ratified.

SIXTH ORDER OF BUSINESS	Discussion Items
Replacement of Iron/Aluminum Fencing Along ChampionsGate Boulevard
Mr. Flint stated I handed out a revised agenda with a few discussion items that Mr.
Lambert wanted discussed. Yvonne have you had a chance to look at these?
Ms. Shouey stated yes and it is on my schedule to paint that fencing along ChampionsGate Boulevard, not replace it. We do that about every five years instead of replacing that because it is expensive.

Repainting or Replacement of Utility Boxes Along ChampionsGate Boulevard
Ms. Shouey stated the utility boxes, the Duke Energy boxes I think he is talking about we have to contact them to do anything with those and I can do that but that is not the biggest problem I have right now. It is all the control panels and the boxes for the lights, they are rusted, they are 20 years old and we can't figure out what size they are, so there is going to be a big expense coming to replace all of those.
Mr. Root asked whose expense is that?
Ms. Shouey stated that is the CDD's expense, the streetlights are ours. Mr. Flint stated the streetlights and the signals are ours.
Ms. Shouey stated the signals we just did, I have some of the frame that still has to be done, that blew off in the storm and they are waiting to get those parts. For the utility boxes, I will talk to Duke and to my guy and see if I can get the color they paint.
Mr. Flint stated you may be able to get them to paint them.

Painting of Light Poles
Ms. Shouey stated I will put it on the list we paint them every year because they get beat up on the bottom by the mowers.
Mr. Flint stated she is going to program the painting of the fence, the light poles and she will call Duke about the boxes.
Ms. Shouey stated the seven utility boxes for the streetlights need to be replaced.

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February 13, 2018	ChampionsGate CDD

Mr. Flint stated we will come back at the May meeting with a proposal for that.

SEVENTH ORDER OF BUSINESS
Attorney

Staff Reports

Mr. Clark stated at the last meeting we had a discussion about maintenance that needed to be done on Laura Lane and Berwick. In the course of that I raised the question about the status and making sure that we owned or had control over them. We have done research on that, we engaged the developer's real estate attorney, we got title searches for all of this and what we came up with is, if you look at the map in the cross hatched areas these are all areas that are plats and other recorded documents that say are to be maintained by the CDD. I always like to get deeds to things because technically dedications on plats to CDDs are questionable as to what they actually do. What we discussed with the developer is that the areas that are shown here, which include Berwick, Laura Lane, a small portion on the other side of Legends, called Calder, also there is a retention pond P-1 next to Laura Lane that we are maintaining but we don't own. As we went through and looked at that we thought the CDD should take ownership of all of these areas to tidy up the maintenance package. The resolution proposes to take ownership, it authorizes the CDD to take ownership of those things. There is one change in the final, there is a statement in section 2, partial termination and release of the easement from Laura Lane. We found after we did that, that the easement already has been terminated so I have a signature copy of that eliminates that section since it has been done and doesn't need to be done. I'm asking the Board to approve these transfers to happen, we have the deeds done and we are ready to proceed with that and ready to proceed with the maintenance if it is time to do that. I know we had a concern about the timing of it.
Ms. Shouey asked did you get that contract done? Mr. Clark stated yes.
Ms. Shouey stated ifl can get them to sign it I'm going to see if they will hold off paving the roads until May because of the traffic.
Mr. Clark stated we can give them a notice to proceed when you are ready. Ms. Shouey stated I don't want them to raise their price.
Mr. Root asked what about the road that goes behind Red Robin and Panera? Ms. Shouey stated that is Laura Lane.

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February 13, 2018	ChampionsGate CDD

Mr. Clark stated there is a section on the far side in our discussions with Pete Lopez, the attorney, that was something not intended to have us take over right now. We will get all the questions answered and bring this back to the May meeting.

Engineer
Mr. Vincutonis stated we authorized Universal to do some borings on Masters and they have done those and I talked with them last week and they were finalizing the report. The portion between Links and Goodman I believe they are going to recommend some base replacement. That is the worst spot. Once we get the report we can circulate it and decide what to do.
Mr. Montalvo stated it would be nice to be able to coordinate this for May when the other paving is going to be done.
Mr. Flint stated if it is over the bid threshold we may be able to piggyback on another governmental contract as long as it was bid if Scott is comfortable with that.
Mr. Montalvo stated the priority is Masters because the others are not in bad shape. Ms. Shouey stated the top half of Laura Lane is in bad shape.
Mr. Clark asked how much do you think Masters is going to be? Ms. Shouey stated under $200,000.
Mr. Clark stated there is no reason we have to treat them as the same contract. Without going into the public bidding process we have two discreet projects here, they are different projects, we aren't splitting one project to avoid the rules. We can do that if it happens the same contractor wins both I'm okay with that.
Mr. Vincutonis asked how far up Masters do you want to go? Do you want to stop at the County ownership line?
Ms. Shouey stated if you did from Goodman down I think you would be all right. From
the clubhouse down it is not that bad itjust needs to be re-sealed and striped.
Mr. Clark stated if you tell them to get bids and they come in over the threshold then we are going to come back to a meeting and say they are over the threshold and we have to go through the RFP process. Why don't we authorize staff ifthe numbers are over the threshold and we need to go through the public bidding process. We can authorize staffto get that done prior to the meeting.

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February 13, 2018	ChampionsGate CDD

On MOTION by Mr. Montalvo seconded by Mr. Arseniadis with all in favor staff was authorized to go through the public bid process for repair and resurfacing of a portion of Masters Boulevard if the proposal comes in over the public bid threshold.

Mr. Montalvo asked what about the signage?
Ms. Shouey stated March 5th all the signs are coming in. I wanted to know if you had any idea of what you wanted on these signs. I have something that shows what's there now and a lot of the sign boards instead of having three names, I have room to put six so we have more directional each way.
Mr. Flint stated I thought we went through all of that sign by sign.
Mr. Montalvo asked can we go back to our minutes and look at that because we decided on the signs.
Ms. Shouey stated the little ones we can take out.
Mr.  Montalvo stated I  think we voted to take them out.	Let's go back to what we authorized at that time. As far as the names on the new signs, I thought we did that as well.
Mr. Flint stated we can go back and look at the minutes but if the Board is comfortable could you delegate a member of the Board to work with Yvonne on the final determination of the wordage?
Mr. Root stated I'm comfortable with the Chairman doing that.

On MOTION by Mr. Root seconded by Mr. Arseniadis with all in favor the Chairman was authorized to work with Ms. Shouey on the wordage of the signs.

Ms. Shouey stated you don't have to look it up, I will have Luke take those little signs out when he is here.

Manager
Approval of Check Register

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February 13, 2018	ChampionsGate CDD

On MOTION by Mr. Root seconded by Mr. Tennyson with all in favor the check register from December 7, 2017 through February 7, 2018 in the amount of $1,351,754.74 was approved.

Balance Sheet and Income Statement
A copy of the balance sheet and income statement were included in the agenda package.

EIGHTH ORDER OF BUSINESS	Other Business
There being none, the next item followed.

NINTH ORDER OF BUSINESS
There being none,

Supervisor's Requests

On MOTION by Mr. Arseniadis econded by Mr. Root with all in favor the meeting adjourned at 3 :05 p.m.

On MOTION by Mr. Montalvo seconded by Mr. Root with all in favor the motion to adjourned was rescinded.

Mr. Flint stated Poblocki has done all the rest ofour signs.
Ms. Shouey stated this is for the stop sign, two blades and the pole.
Mr. Montalvo stated this is subject to confirmation, the assumption is that it is on the right ofway that we control and is not private property.

On MOTION by Mr. Montalvo seconded by Mr. Tennyson with all in favor the proposal from Poblocki for the stop sign, two blades and the pole in the amount of $3,700 was approved subject to the sign being located on District right of way.

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February 13, 2018	ChampionsGate COD

On MOTION by Mr. Montalvo seconded by Mr. Tennyson with all in favor the meeting adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

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SECTION IV

SECTION A

RESOLUTION 2018-01
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT APPROVING AND ACCEPTING THE CONVEYANCE OF PORTIONS OF LAURA LANE, TRACT P-1, BERWICK DRIVE AND TRACT A (CALDER BLVD) FROM THE DEVELOPER ENTITY TO THE DISTRICT, AND APPROVING THE TERMINATION OF THE GRANT OF ACCESS AND UTILITIES EASEMENT FOR A PORTION OF LAURA LANE, IN ACCORDANCE WITH SECTIONS 190.011(1) AND 190.011(7)(A), FLA. STAT.; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the ChampionsGate Community Development District ("District") is a local unit of special-purpose government established and existing in accordance with the Uniform Community Development District Act of 1980, Ch. 190, Fla. Stat., as amended ("Act"), and by Ordinance 98-10 of the Board of County Commissioners of Osceola County, Florida, adopted July 27, 1998; 
WHEREAS, pursuant to the Plat of ChampionsGate Village Phase 10, recorded in Plat Book 18, Page 37: (i) Tract A (a/k/a Laura Lane) is to be maintained by the District in accordance with the Grant of Access and Utilities Easement recorded in Book 2951, Page 2868, and re-recorded in Book 3025, Page 2416 ("Easement"), which tract has been replatted by the plats of ChampionsGate Village Phase 10-A, recorded in Plat Book 22, Page 103 and ChampionsGate Village Phase 10-B, recorded in Plat Book 25, Page 150, to make a portion Tract A part of Lot 1; and (ii) Tract P-1 is a storm water management tract to be maintained by the District; however, title to Tract A and Tract P-1 remains in the ChampionsGate developer entity;

WHEREAS, pursuant to the Plat of ChampionsGate Village Phase 13, recorded in Plat Book 24, Page 149, Tract A (a/k/a Calder Blvd) and Tract B (a/k/a Berwick Drive) are dedicated to and to be maintained by the District; however, title to such tracts remains in the developer entity;

WHEREAS, the segment of Laura Lane between Goodman Road and Legends Blvd, which is a portion of Parcel 4 of ChampionsGate Village, recorded in Plat Book 12, Page 39, also described as the Drive "A" Easement in the Declaration of Access Easement recorded in Book 2003, Page 2037, is currently maintained by the District and owned by the developer;
WHEREAS, the developer has requested that the District: (i) accept the conveyance of title to such parcels maintained by the District but still owned by the developer, identified in the Commercial Ownership and Encumbrance Report prepared by First American Title Insurance Company, File No. 2037-3924935, Revision No. 1 created February 8, 2018 ("O&E Report"), by special warranty deed; and (ii) terminate the Easement; and

WHEREAS, the Board of Supervisors deems it to be in the District's best interests to accept the conveyance of title to such parcels from the developer entity and to terminate the Easement, in accordance with Sections 190.011(1) and 190.011(7)(a), Fla. Stat.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT:
SECTION 1. The recitals set forth above are hereby adopted as true and correct and incorporated herein.
SECTION 2. The District hereby approves and accepts the conveyance of title to the property identified in the O&E Report by special warranty deed, subject to the matters enumerated in the O&E Report. The District further approves the termination and release of the Easement. The District hereby authorizes the execution and delivery of all documents deemed necessary, desirable or appropriate to carry out the intent of this Resolution.
SECTION 3. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 8th day of May, 2018.

ATTEST:

Secretary/Assistant Secretary

CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT

Chairperson, Board of Supervisors

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SECTION B

This instrument prepared by:
Leigh Ann Buzyniski Clark & Albaugh, LLP
700 W. Morse Blvd, Ste 101 Winter Park, FL 32789
Parcel ID # 33252727780001 0040

The space above is reservedfor recording.
SPECIAL WARRANTY DEED
This SPECIAL WARRANTY DEED is made the _ day of May, 2018, by CG INFRASTRUCTURE, LLC, a Delaware limited liability company, 1777 Walker St., Ste 501, Houston, TX 77010 ("Grantor"), to CHAMPIONSGATE COMMUNITY DEVELOPMENT
DISTRICT, a local unit of special purpose government established pursuant to Chapter 190, Fla. Stat., 135 W. Central Blvd., Ste 320, Orlando, FL 32801 ("Grantee").
WITNESSETH:
THAT Grantor, for and in consideration ofthe sum ofTen and no/100 Dollars ($10.00) and other valuable considerations, the receipt and sufficiency whereof is hereby acknowledged, does hereby grant, bargain, sell, alien, remise, release, convey and confirm unto Grantee that certain real property lying and being in Osceola County, Florida, and more particularly described on Exhibit A attached hereto and made a part hereof ("Property").
TOGETHER with all the tenements, hereditaments and appurtenances thereto belonging or in anywise appertaining.
TO HAVE AND TO HOLD, the same in fee simple forever.
AND GRANTOR hereby covenants with Grantee: that Grantor is lawfully seized of the Property in fee simple; that Grantor has good right and lawful authority to convey the Property; that Grantor hereby fully warrants the title to the Property and will defend the same against the lawful claims ofall persons by, through or under Grantor, but against none other; that the Property is free of all encumbrances except taxes accruing after December 31, 2017 and the matters shown on Exhibit B attached hereto and made a part hereof, provided reference to such matters shall not reimpose same.

NOTE TO RECORDING CLERK: THIS IS A TRANSFER OF TITLE TO THE PROPERTY TO GRANTEE FOR NOMINAL CONSIDERATION, AND THEREFORE, ONLY THE MINIMUM TAX IS BEING PAID HEREON IN ACCORDANCE WITH RULE 12B-4.012, F.A.C.

IN WITNESS WHEREOF, Grantor has signed and sealed these presents the day and year first above written.

Witnesses:

Print name:  	

CG INFRASTRUCTURE, LLC, a Delaware limited liability company
By:	DARU Associates, LLC, a Delaware limited liability company, its Managing Member
By:
Ira Mitzner, its Manager

Print name: ----	------

STATE OF --------
COUNTY OF  	
Theforegoing instrument was acknowledged before me on May _, 2018, by Ira Mitzner, as Manager ofDARU Associates, LLC, a Delaware limited liability company, the Managing Member
CG INFRASTRUCTURE, LLC, a Delaware limited liability company, on its bLJehalf. Said person is

[_]	personally	known	to	me	or
-------------	------ as identification.

provided

[Notary Seal]

Notary Public-State of	 	
Commission No.: -------
Commission Expires: ------

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EXHIBIT            A LEGAL DESCRIPTION OF THE PROPERTY
(Laura Lane between Legends Boulevard and Goodman Road)

PARCEL 4, CHAMPIONSGATE VILLAGE, ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 12, PAGE 39, PUBLIC RECORDS OF OSCEOLA COUNTY, FLORIDA, LESS AND EXCEPT: (I) ALL OF CHAMPIONSGATE VILLAGE PHASE 6, ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 14, PAGE 8, PUBLIC RECORDS OF OSCEOLA COUNTY, FLORIDA, (II) ALL OF CHAMPIONSGATE VILLAGE PHASE 7, ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 14, PAGE 1 0, PUBLIC RECORDS OF OSCEOLA COUNTY, FLORIDA AND (III) ALL OF CHAMPIONSGATE VILLAGE PHASE 9, ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 1 7, PAGE 92, PUBLIC RECORDS OF OSCEOLA COUNTY, FLORIDA. SAID PARCEL BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:

A PORTION OF PARCEL 4, CHAMPIONSGATE VILLAGE, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 12, PAGE 39, 40, 41 AND 42 OF THE PUBLIC RECORDS OF OSCEOLA COUNTY, FLORIDA, SITUATE INSECTION 33, TOWNSHIP 25 SOUTH, RANGE 27 EAST, OSCEOLA COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCE AT THE SOUTH ¼ CORNER OF SAID SECTION 33; THENCE RUN S89°33'15" W. ALONG THE SOUTH LINE OF THE SOUTHWEST ¼ OF SAID SECTION 33, A DISTANCE OF 38.05 FEET TO AN INTERSECTION WITH THE EAST LINE OF SAID CHAMPIONSGATE VILLAGE PLAT, SAID LINE ALSO BEING THE WESTERLY LIMITED ACCESS RIGHT OF WAY LINE OF INTERSTATE HIGHWAY NO. 4; THENCE DEPARTING SAID SOUTH LINE RUN ALONG SAID WESTERLY LIMITED ACCESS RIGHT OF WAY LINE THE FOLLOWING TWO COURSES AND DISTANCES: N.1 8° 1 6' 14" E. 576.69 FEET; N.79° 1 8'53"W. 300.00 FEET; THENCE DEPARTING SAID WESTERLY LIMITED ACCESS RIGHT OF WAY LINE, RUN N. 10°41 '07" E. 1 60.80 FEET TO AN INTERSECTION WITH THE NORTHERLY RIGHT OF WAY LINE OF CHAMPIONSGATE BOULEYARD (TRACT "A"), OF SAID CHAMPIONSGATE VILLAGE, ALSO BEING A POINT ON THE NORTHERLY LINE OF A GRANT OF ACCESS AND UTILITIES EASEMENT, AS RECORDED IN OFFICIAL RECORDS BOOK 161 1 , PAGE 41, OF SAID PUBLIC RECORDS OF OSCEOLA COUNTY, FLORIDA; THENCE RUN N.78°58'45" W. ALONG SAID NORTHERLY RIGHT OF WAY LINE 89.03 FEET TO THE WEST RIGHT OF WAY LINE OF GOODMAN ROAD, OF SAID CHAMPIONSGATE VILLAGE, ALSO BEING A POINT ON A CURVE CONCAVE NORTHWESTERLY AND HAYING A RADIUS OF 38.00 FEET AND A CENTRAL ANGLE OF 87°05'51 "; THENCE FROM A CHORD BEARING  OF  N.54°1 9'07"  E.,  RUN NORTHEASTERLY  ALONG THE  ARC  OF  SAID  CURVE  A DISTANCE OF 57.77 FEET TO THE POINT OF TANGENCY; THENCE RUNN. 1 0°46'12" E. 225. 13 FEET FORA POINT OF BEGINNING, ALSO BEING THE POINT OF CURVATURE OF A CURVE CONCAVE SOUTHWESTERLY AND HAVING ARADIUS OF 33.00 FEET AND ACENTRAL ANGLE OF 87°20'06"; THENCE DEPARTING SAID WESTERLY RIGHT OF WAY LINE, FROM A CHORD BEARING OF N.32°53'5l" W., RUNNORTHWESTERLY ALONG THE ARC OF SAID CURVE A DI STANCE OF 50.30 FEET TO THE POINT OF TANGENCY; THENCE RUNN.76°33'54" W. 281 .54 FEET TO THE POINT OF CURVATURE OF A CURVE CONCAVE SOUTHWESTERLY AND HAYING A RADIUS OF 2,041.06 FEET AND A CENTRAL ANGLE OF 1 1°22'54"; THENCE FROM A CHORD BEARING OF N.82° 15'2 l" W., RUN NORTHWESTERLY ALONG THE ARC OF SAID CURVE A DISTANCE OF 405.45 FEET TO THE POINT OF COMPOUND CURVATURE OF A CURVE CONCAVE SOUTHEASTERLY AND HAYING A RADIUS OF 33.00 FEET AND A CENTRAL ANGLE OF 89°59'59"; THENCE FROM A

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CHORD BEARING OF S.47°03' 13" W., RUN SOUTHWESTERLY ALONG THE ARC OF SAID CURVE A DISTANCE OF 5 1.84 FEET TO A POINT ON SAID CURVE, BEING POINT ON THE EASTERLY RIGHT OF WAY LINEOF LEGENDS BOULEYARD(AFORESAIDTRACT "A") OF SAID CHAMPIONSGATE VILLAGE, ALSO BEING A POINT ON THE EASTERLY LINE OF A GRANT OF ACCESS AND UTILITIES EASEMENT AS RECORDED IN OFFICIAL RECORD BOOK 161 1, PAGE 41, OF SAID PUBLIC RECORDS; THENCE RUN N.02°03'13" E. ALONG SAID EASTERLY RIGHT OF WAY LINE
94.00 FEET TO A POINT ON A CURVE CONCAVENORTHEASTERLY AND HAVING A RADIUS OF
0 FEETANDA CENTRAL ANGLE OF 90°0'01 "; THENCE DEPARTING SAIDNORTHERLYRIGHT OF WAY LINE, FROM A CHORD BEARING OF S.42°55'47" E., RUN SOUTHEASTERLY ALONG THE ARC OF SAID CURVE A DISTANCE OF 51 .84 FEET TO THE POINT OF REVERSE CURVATURE OF A CURVE CONCAVE SOUTHWESTERLY AND HAVING A RADIUS OF 2,069.06 FEET AND A CENTRAL ANGLE OF 1 1°22'54"; THENCE FROM A CHORD BEARING OF S.82° 15'21" E., RUN SOUTHEASTERLY ALONG THE ARC OF SAID CURVE ADISTANCE OF 41 1 .01 FEET TO THE POINT OF TANGENCY; THENCE RUN S.76°33'54" E. 280.77 FEET TO THE POINT OF CURVATURE OF A CURVE CONCAVE NORTHWESTERLY ANDHAYING A RADIUS OF 33.00 FEETAND A CENTRAL ANGLE OF 86°1 3'59"; THENCE FROM A CHORD  BEARING  OF  N.60°19'06"  E.,  RUN NORTHEASTERLY ALONG THE ARC OF SAID CURVE A DISTANCE OF 49.67 FEET TO A POINT ON SAID CURVE, ALSO BEING A POINT ON A CURVE CONCAVE SOUTHEASTERLY AND HAYING A RADIUS OF 524.00 FEET AND A CENTRAL ANGLE OF 06°25'54", ALSO BEING A POINT ON THE AFORESAID WEST RIGHT OF WAY LINE OF GOODMAN ROAD; THENCE FROM A CHORD BEARING OF S. 13°59'10" W., RUN SOUTHWESTERLY ALONG THE ARC OF SAID CURVE AND SAID WEST RIGHT OF WAY LINE A DISTANCE OF 58.82 FEET TO THE POINT OF TANGENCY; THENCE CONTINUE ALONG SAID WEST RIGHT OF WAY LINE S.10°46'12" W. 31 .54 FEET TO THE POINT OF BEGINNING.

4

EXHIBIT B

PERMITTED ENCUMBRANCES

Declaration of Consent to Jurisdiction of Community Development District and to Imposition of Special Assessment recorded December 30, 1998 in Book 1 563, Page 1 390, Official Records of Osceola County, Florida.
Osceola County Development Order recorded November 30, 1 998, in Book 1554, Page 23 19; as amended pursuant to that certain Amendment to the Osceola County Development Order, Rida/ChampionsGate recorded August 28, 2002, in Book 2101, Page 2827; as further amended by that certain Third Amendedand Restated Osceola County Development Order, Rida/ChampionsGate approved on September 23, 2002 and recorded November 20, 2002, in Book 2148, Page 971; as further amended by that certain Fourth Amended and Restated Osceola County Development Order, Rida/ChampionsGate approved on March 15, 2004 and recorded May 7, 2004, in Book 2504, Page 1307; as further amended by that certain Fifth Amended and Restated Osceola County Development Order, Rida/ChampionsGate recorded March 15, 2007, in Book 3433, Page 2088; together with Assignment of Daily Trips/Development Rights recorded May 2, 2005, in Book 2769, Page 541 ; Assignment ofDaily Trips/Development Rights; Restriction to Intended Use recorded September 2, 2005, in Book 2888, Page 675; Amendment to Assignment of Daily Trips/Development Rights; Restriction to Intended Use recorded January 1 2, 2006, in Book 3028, Page 21 82; Sixth Amended and Restated Osceola County Development Order, Rida/ChampionsGate recorded August 23, 2007 in Book 3549, Page 1336; re-recorded Sixth Amended and Restated Development Order recorded November 27, 2007, in Book 3599, Page 1369; First Amendment to the Sixth Amended and Restated Development Order recorded September 30, 2008, in Book 3743, Page 2992; Assignment of Developer's Rights recorded December 28, 2009, in Book 393 1, Page 752; Seventh Amended and Restated Osceola County Development Order, Rida/ChampionsGate recorded October 1 6, 201 2, in Book 4335, Page 2902 and Second Amendment to Assignment ofDaily Trips/Development Rights; Restriction to Intended Use recorded November 7, 20 12, in Book 4348, Page 47; Assignment of ADT's/Development Rights Assignment ofDaily Trips/Development Rights recorded May 5, 2015, in Book 4774, Page 493 and Assignment ofDaily Trips/Development Rights recorded May 5, 2015, in Book 47 74, Page 592, all in the Official Records of Osceola County, Florida.
Notice ofEstablishment ofChampionsGate Community Development District recorded October 13, 1999, in Book 1663, Page 2483, Official Records of Osceola County, Florida.
Matters appearing onthe plat of CHAMPIONSGATE VILLAGE, recorded September 1 1 , 2000, in Plat Book 12, Page 39-42, Official Records of Osceola County, Florida.
Declaration ofCovenants, Conditions and Restrictions recorded March 22, 2001, in Book 1851, Page 161 1; First Amendment recorded February 15, 2002, in Book 2003, Page 2030; First Supplemental Declaration recorded September 12, 2002, in Book 2109, Page 839; Second Amendment recorded June 11, 2003, in Book 2270, Page 250; Second Amendment recorded October 24, 2003, in Book 2370, Page 1 50; Third Amendment recorded April 5, 2004, in Book 2479, Page 1390; Fourth Amendment recorded October 11, 2004, in Book 2614, Page 449; Second Supplemental Declaration recorded June 22, 2005, in Book 281 8, Page 975; Fifth Amendment recorded February 17, 2009, in Book 3799, Page 18 19; Sixth Amendment recorded December 9, 2009, in Book 3924, Page 1547; Assignment ofDeclarant's Rights recorded December 28, 2009, in Book 393 1, Page 748; Seventh

5

Amendment recorded November 7, 2012, in Book 4348, Page 68 and Fourth Supplemental Declaration recorded April 6, 2016, in Book 4940, Page 209, all in the Official Records of Osceola County, Florida.
Declaration of Restrictive Covenant recorded July 25, 2001, in Book 1 908, Page 404, Official Records of Osceola County, Florida.
Restrictive Covenant recorded April 1 9, 2002, in Book 2037, Page 842, Official Records ofOsceola County, Florida.
Agreement for Waterand Sewer Line Extension and Provision ofPotable Water Supply and Sanitary Sewage Treatment and Disposal by and between the City ofKissimmee and Rida Associates Limited Partnership dated June 9, 1 998 and recorded September 29, 2003, in Book 2349, Page 31 and Assignment ofDeveloper's Rights recorded December 28, 2009, in Book 393 1, Page 756, all in the Official Records of Osceola County, Florida.
Declaration of Access Easement recorded February 1 5, 2002, in Book 2003, Page 2037, Official Records of Osceola County, Florida.
Restrictive Covenant recorded February 15, 2002, in Book 2003, Page 2078, Official Records of Osceola County, Florida.
Grant ofAccess and Utilities Easement recorded November 3, 2005, in Book 2951, Page 2868; Re­ recorded January 1 0, 2006, in Book 3025, Page 2416, Official Records of Osceola County, Florida.
South Florida Water Management District Environmental Resource Permit Notice recorded July 8, 2008, in Book 3709, Page 209, Official Records ofOsceola County, Florida.
Second Amended and Restated Tourism Facilities Development Agreement recorded July 1 7, 2014, in Book 4637, Page 2273, Official Records of Osceola County, Florida.

6

This instrument prepared by:

Leigh Ann Buzyniski Clark & Albaugh, LLP
700 W. Morse Blvd, Ste 101 Winter Park, FL 32789

Parcel ID #s:   33-25-27-2749-0001 -00A0
33-25-27-2749-0001-0Pl 0

The space above is reservedfor recording.

SPECIAL WARRANTY DEED

This SPECIAL WARRANTY DEED is made the _ day of May, 2018, by CG INFRASTRUCTURE, LLC, a Delaware limited liability company, 1777 Walker St., Ste 501, Houston, TX 77010 ("Grantor"), to CHAMPIONSGATE COMMUNITY DEVELOPMENT
DISTRICT, a local unit of special purpose government established pursuant to Chapter 190, Fla. Stat., 135 W. Central Blvd., Ste 320, Orlando, FL 32801 ("Grantee").
WITNESSETH:
THAT Grantor, for and in consideration of the sum of Ten and no/100 Dollars ($10.00) and other valuable considerations, the receipt and sufficiency whereof is hereby acknowledged, does hereby grant, bargain, sell, alien, remise, release, convey and confirm unto Grantee that certain real property lying and being in Osceola County, Florida, and more particularly described on Exhibit A attached hereto and made a part hereof ("Property").
TOGETHER with all the tenements, hereditaments and appurtenancesthereto belonging or in anywise appertaining.
TO HAVE AND TO HOLD, the same in fee simple forever.
AND GRANTOR hereby covenants with Grantee: that Grantor is lawfully seized of the Property in fee simple; that Grantor has good right and lawful authority to convey the Property; that Grantor hereby fully warrants the title to the Property and will defend the same against the lawful claimsof all persons by, through or under Grantor, but against none other; that the Property is free of all encumbrances except taxes accruing after December 31, 2017 and the matters shown on Exhibit B attached hereto and made a part hereof, provided reference to such matters shall not reimpose same.

NOTE TO RECORDING CLERK: THIS IS A TRANSFER OF TITLE TO THE PROPERTY TO GRANTEE FORNOMINAL CONSIDERATION, AND THEREFORE, ONLYTHE MINIMUM TAX IS BEING PAID HEREON IN ACCORDANCE WITH RULE 12B-4.012, F.A.C.

IN WITNESS WHEREOF, Grantor has signed and sealed these presents the day and year first above written.

Witnesses:

Print name : --------	--

Print name: ----	------

CG INFRASTRUCTURE, LLC, a Delaware limited liability company
By:	DARU Associates, LLC, a Delaware limited liability company, its Managing Member
By:
Ira Mitzner, its Manager

STATE OF --------
COUNTY OF ----	--

LJ

The foregoing instrumentwas acknowledged before me on May _, 2018, by Ira Mitzner, as Manager ofDARU Associates, LLC, a Delaware limited liability company, the Managing Member CG INFRASTRUCTURE, LLC, a Delaware limited liability company, on its behalf. Said person is
personally	known	to	me	or	LJ	provided
---------	--------	- as identification.

[Notary Seal]

Notary Public-State of-	----
Commission No.: -----	-
Commission Expires: ------

2

EXHIBIT A
LEGAL DESCRIPTION OF THE PROPERTY

(Laura Lane east of Goodman Road and Tract P- 1) 
TRACT A AND TRACT P-1, CHAMPIONSGATE VILLAGE PHASE 10, ACCORDING TO THE PLAT THEREOF, RECORDED IN PLAT BOOK 18, PAGE 37, PUBLIC RECORDS OF OSCEOLA COUNTY, FLORIDA; LESS AND EXCEPT THE PORTION REPLATTED AS CHAMPIONSGATE VILLAGE PHASE 10-A, ACCORDING TO THE PLAT THEREOF, RECORDED IN PLAT BOOK 22, PAGE 103, PUBLIC RECORDS OF OSCEOLA COUNTY, FLORIDA.
AND
TRACT A, CHAMPIONSGATE VILLAGE PHASE 10-A, ACCORDING TO THE PLAT THEREOF, RECORDED IN PLAT BOOK 22, PAGE 103, PUBLIC RECORDS OF OSCEOLA COUNTY, FLORIDA.

3

EXHIBIT B

PERMITTED ENCUMBRANCES

Declaration of Consent to Jurisdiction of Community Development District and to Imposition of Special Assessment recorded December 30, 1 998 in Book 1 563, Page 1390, Official Records of Osceola County, Florida.
	Osceola County Development Order recorded November 30, 1998, in Book 1554, Page 2319; as amended pursuant to that certain Amendment to the Osceola County Development Order, Rida/ChampionsGate recorded August 28, 2002, in Book 2101, Page 2827; as further amended by that certain Third Amended and Restated Osceola County Development Order, Rida/ChampionsGate approved on September 23, 2002 and recorded November 20, 2002, in Book 2148, Page 971; as further amended by that certain Fourth Amended and Restated Osceola County Development Order, Rida/ChampionsGate approved on March 15, 2004 and recorded May 7, 2004, in Book 2504, Page 1 307; as further amended by that certain Fifth Amended and Restated Osceola County Development Order, Rida/ChampionsGate recorded March 15, 2007, in Book 3433, Page 2088; together with Assignment of Daily Trips/Development Rights recorded May 2, 2005, in Book 2769, Page 541; Assignment ofDaily Trips/Development Rights; Restriction to Intended Use recorded September 2, 2005, in Book 2888, Page 675; Amendment to Assignment of Daily Trips/Development Rights; Restriction to Intended Use recorded January 12, 2006, in Book 3028, Page 21 82; Sixth Amended and Restated Osceola County Development Order, Rida/ChampionsGate recorded August 23, 2007 in Book 3549, Page 1336; re-recorded Sixth Amended and Restated Development Order recorded November 27, 2007, in Book 3599, Page 1369; First Amendment to the Sixth Amended and Restated Developement Order recorded September 30, 2008, in Book 3743, Page 2992; Assignment of Developer's Rights recorded December 28, 2009, in Book 393 1, Page 752; Seventh Amended and Restated Osceola County Development Order, Rida/ChampionsGate recorded October 16, 2012, in Book 4335, Page 2902 and Second Amendment to Assignment ofDaily Trips/Development Rights; Restriction to Intended Use recorded November 7, 20 12, in Book 4348, Page 47; Assignment of ADT's/Development Rights Assignment of Daily Trips/Development Rights recorded May 5, 20 15, in Book 4774, Page 493 and Assignment ofDaily Trips/Development Rights recorded May 5, 20 15, in Book 4774, Page 592, all in the Official Records of Osceola County, Florida.

Notice ofEstablishment ofChampionsGate Community Development District recorded October 13, 1999, in Book 1663, Page 2483, Official Records ofOsceola County, Florida.
Declaration ofCovenants, Conditions and Restrictions recorded March 22, 2001, in Book 1851, Page 161 1; First Amendment recorded February 1 5, 2002, in Book 2003, Page 2030; First Supplemental Declaration recorded September 1 2, 2002, in Book 2109, Page 839; Second Amendment recorded June 1 1 , 2003, in Book 2270, Page 250; Second Amendment recorded October 24, 2003, in Book 2370, Page 1 50; Third Amendment recorded April 5, 2004, in Book 2479, Page 1390; Fourth Amendment recorded October 11, 2004, in Book 2614, Page 449; Second Supplemental Declaration recorded June 22, 2005, in Book 2818, Page 975; Fifth Amendment recorded February 17, 2009, in Book 3799, Page 181 9; Sixth Amendment recorded December 9, 2009, in Book 3924, Page 1547; Assignment of Declarant's Rights recorded December 28, 2009, in Book 393 1, Page 748; Seventh Amendment recorded November 7, 201 2, in Book 4348, Page 68 and Fourth Supplemental Declaration recorded April 6, 201 6, in Book 4940, Page 209, all in the Official Records of Osceola County, Florida.

4

Declaration of Restrictive Covenant recorded July 25, 2001, in Book 1 908, Page 404, Official Records of Osceola County, Florida.
Restrictive Covenant recorded April 1 9, 2002, in Book 2037, Page 842, Official Records ofOsceola County, Florida.
Agreement for Waterand Sewer Line Extension and Provision ofPotable Water Supply and Sanitary Sewage Treatment and Disposal by and between the City ofKissimmee and Rida Associates Limited Partnership dated June 9, 1 998 and recorded September 29, 2003, in Book 2349, Page 31 and Assignment of Developer's Rights recorded December 28, 2009, in Book 3931, Page 756, Official Records of Osceola County, Florida.
Restrictive Covenant recorded March 1 1 , 2005, in Book 2725, Page 2228, Official Records of Osceola County, Florida.
Matters appearing on the plat ofCHAMPIONSGATE VILLAGE PHASE 1 0, recorded in Plat Book 18, Page 37, Official Records of Osceola County, Florida.
South Florida Water Management District Environmental Resource Permit Notice recorded July 8, 2008, in Book 3709, Page 209, Official Records ofOsceola County, Florida.
Distribution Easement in favor of Florida Power Corporation dba Progress Energy Florida, Inc. recorded April 24, 2013, in Book 443 1, Page 2709, Official Records of Osceola County, Florida.
Matters appearing on the plat of CHAMPIONSGATE VILLAGE PHASE 1 0-A, recorded May 30, 201 3, in Plat Book 22, Page 1 03, Official Records of Osceola County, Florida.
Second Amended and Restated Tourism Facilities Development Agreement recorded July 17, 2014, in Book 4637, Page 2273, Official Records of Osceola County, Florida.
Certificate ofAcknowledgement recorded June 27, 2016, in Book 4983, Page 359, Official Records of Osceola County, Florida.

5

This instrument prepared by:
Leigh Ann Buzyniski Clark & Albaugh, LLP
700 W. Morse Blvd, Ste 101 Winter Park, FL 32789
Parcel ID #s:  33252733910001 00A0
3325273391000100B0

The space above is reservedfor recording.

SPECIAL WARRANTY DEED

This SPECIAL WARRANTY DEED is made the _ day of May, 2018, by CG DOWNTOWN ASSOCIATES, LLC, a Delaware limited liability company, 1777 Walker St., Ste 50 1, Houston, TX 77010 ("Grantor"), to CHAMPIONSGATE COMMUNITY DEVELOPMENT
DISTRICT, a local unit of special purpose government established pursuant to Chapter 1 90, Fla. Stat., 135 W. Central Blvd., Ste 320, Orlando, FL 32801 ("Grantee").
WITNESSETH:
THAT Grantor, for and in consideration ofthe sum ofTen and no/100 Dollars ($ 10.00) and other valuable considerations, the receipt and sufficiency whereof is hereby acknowledged, does hereby grant, bargain, sell, alien, remise, release, convey and confirm unto Grantee that certain real property lying and being in Osceola County, Florida, and more particularly described on Exhibit A attached hereto and made a part hereof ("Property").
TOGETHER with all the tenements, hereditaments and appurtenances thereto belonging or in anywise appertaining.
TO HAVE AND TO HOLD, the same in fee simple forever.
AND GRANTOR hereby covenants with Grantee: that Grantor is lawfully seized of the Propertyin fee simple; that Grantor has good right and lawful authority to convey the Property; that Grantor hereby fully warrants the title to the Property and will defend the same against the lawful claims ofall persons by, through or under Grantor, but against none other; that the Property is free of all encumbrances except taxes accruing after December 31, 2017 and the matters shown on Exhibit B attached hereto and made a part hereof, provided reference to such matters shall not reimpose same.

NOTE TO RECORDING CLERK: THIS IS A TRANSFER OF TITLE TO THE PROPERTY TO GRANTEE FORNOMINAL CONSIDERATION, AND THEREFORE, ONLY THE MINIMUM TAX IS BEING PAID HEREON IN ACCORDANCE WITH RULE 12B-4.012, F.A.C.

1

IN WITNESS WHEREOF, Grantor has signed and sealed these presents the day and year first above written.

Witnesses:

Print name: -----	-----

Print name: ----	------

CG DOWNTOWN ASSOCIATES, LLC, a Delaware
limited liability company
By:	DARU Associates, LLC, a Delaware limited liability company, its Managing Member
By:
Ira Mitzner, its Manager

STATE OF --------
COUNTY OF --------
The foregoing instrument was acknowledged before me on May _, 20I8, by Ira Mitzner, as Manager ofDARU Associates, LLC, a Delaware limited liability company, the Managing Member
CG DOWNTLJOWN ASSOCIATES, LLC, a Delaware limited liability company,LJon its behalf. Said

person

1s	personally	known	to	me	or

provided

-	-------	--------	- as identification.

[Notary Seal]

Notary Public-State of ------
Com.mission No.: -----	-

Com.mission Expires: _	_ 	_

2

EXHIBIT A

LEGAL DESCRIPTION OF THE PROPERTY

(Berwick Drive and Calder Boulevard)

TRACTS A AND B, CHAMPIONSGATE VILLAGE PHASE 13, ACCORDING TO THE PLAT THEREOF, RECORDED IN PLAT BOOK 24, PAGES 149 AND 1 50, PUBLIC RECORDS OF OSCEOLA COUNTY, FLORIDA.

3

EXHIBIT B

PERMITTED ENCUMBRANCES

Declaration of Consent to Jurisdiction of Community Development District and to Imposition of Special Assessment recorded December 30, 1998 in Book 1 563, Page 1390, Official Records of Osceola County, Florida.
Osceola County Development Order recorded November 30, 1998, in Book 1554, Page 23 19; as amended pursuant to that certain Amendment to the Osceola County Development Order, Rida/ChampionsGate recorded August 28, 2002, in Book 2101, Page 2827; as further amended by that certain Third Amended and Restated Osceola County Development Order, Rida/ChampionsGate approved on September 23, 2002 and recorded November 20, 2002, in Book 2148, Page 971; as further amended by that certain Fourth Amended and Restated Osceola County Development Order, Rida/ChampionsGate approved on March 15, 2004 and recorded May 7, 2004, in Book 2504, Page 1307; as further amended by that certain Fifth Amended and Restated Osceola County Development Order, Rida/ChampionsGate recorded March 15, 2007, in Book 3433, Page 2088; together with Assignment of Daily Trips/Development Rights recorded May 2, 2005, in Book 2769, Page 541; Assignment ofDaily Trips/Development Rights; Restriction to Intended Use recorded September 2, 2005, in Book 2888, Page 675; Amendment to Assignment of Daily Trips/Development Rights; Restriction to Intended Use recorded January 12, 2006, in Book 3028, Page 21 82; Sixth Amended and Restated Osceola County Development Order, Rida/ChampionsGate recorded August23, 2007 in Book 3549, Page 1336; re-recorded Sixth Amended and Restated Development Order recorded November 27, 2007, in Book 3599, Page 1369; First Amendmentto the Sixth Amended and Restated Development Order recorded September 30, 2008, in Book 3743, Page 2992; Assignment of Developer's Rights recorded December 28, 2009, in Book 3931 , Page 752; Seventh Amended and Restated Osceola County Development Order, Rida/ChampionsGate recorded October 16, 2012, in Book 4335, Page 2902 and Second Amendmentto Assignment ofDaily Trips/Development Rights; Restriction to Intended Use recorded November 7, 2012, in Book 4348, Page 47; Assignment of ADT's/Development Rights Assignment of Daily Trips/Development Rights recorded May 5, 2015, in Book 4774, Page 493 and Assignment ofDaily Trips/Development Rights recorded May 5, 20 15, in Book 4774, Page 592, all in the Official Records of Osceola County, Florida.

Notice ofEstablishment ofChampionsGate Community Development District recorded October 13, 1999, in Book 1663, Page 2483, Official Records ofOsceola County, Florida.
Declaration ofCovenants, Conditions and Restrictions recorded March 22, 2001, in Book 1851, Page 161 1; First Amendment recorded February 15 2002 in Book 2003 Page 2030; First Supplemental Declaration recorded eptember 12 2002, in Book 21 09 Page 839; Second Amendment recorded June 1 1 , 2003 in Book 2270 Page 250· Second Amendment recorded October 24 2003 in Book 2370 Page 1 50; Third Amendment recorded April 5 2004 in Book 2479, Page 1390; Fourth Amendment recorded October I J, 2004, in Book 26 14 Page 449· Second Supplemental Declaration recorded June 22, 2005, in Book 28 I 8, Page 975· Fifth Amendment recorded February 1 7, 2009 in Book 3799 Page 181 9· Sixth Amendment recorded December 9 2009, in Book 3924 Page 1 547· Assignment of Declarant's Rights recorded December 28 2009, in Book 393 1, Page 748; eventh Amendment recorded November 7, 20 1 2, in Book 4348, Page 68 and Fourth Supplemental Declaration recorded April 6 20 1 6, in Book 4940 Page 209 all in the Official Record of Osceola County, Florida.

4

Declaration of Restrictive Covenant recorded July 25, 2001, in Book 1 908, Page 404, Official Records of Osceola County, Florida.
Restrictive Covenant recorded April 19, 2002, in Book 2037, Page 842, Official Records ofOsceola County, Florida.
Agreement for Water and Sewer Line Extension and Provision ofPotable Water Supply and Sanitary Sewage Treatment and Disposal by and between the City ofKissimmee and Rida Associates Limited Partnership dated June 9, 1 998 and recorded September 29, 2003, in Book 2349, Page 31 and Assignment of Developer's Rights recorded December 28, 2009, in Book 393 1, Page 756, Official Records of Osceola County, Florida.
South Florida Water Management District Environmental Resource Permit Notice recorded July 8, 2008, in Book 3709, Page 209, Official Records of Osceola County, Florida.
Declaration and Grant of Access and Utilities Easement between Rida Associates Limited Partnership, a Delaware limited partnership, and BP Products North America, Inc., a Maryland corporation recorded August 1 1, 2008, in Book 3723, Page 141 1 and Modification ofDeclaration and Grant ofAccess and Utilities Easement recorded March 19, 201 5, in Book 4750, Page 2820, all in the Official Records of Osceola County, Florida.
Second Amended and Restated Tourism Facilities Development Agreementrecorded July 17, 2014, in Book 4637, Page 2273, Official Records of Osceola County, Florida.
Restrictive Covenant recorded February 9, 20 15, in Book 4732, Page 2895, Official Records of Osceola County, Florida.
Easement in favor ofDuke Energy Florida, Inc., d/b/a Duke Energy, a Florida corporation recorded June 1, 2015, in 4786, Page 1 224, Official Records of Osceola County, Florida.
Tohopekaliga Water Authority Water, Reuse and Wastewater System Developer's Service Agreement recorded October 23, 201 5, in Book 4861, Page 2292, Official Records ofOsceola County, Florida.
Easement in favor of Duke Energy Florida, LLC, a Florida limited liability company, d/b/a Duke Energy recorded December 1 8, 2015, in Book 4887, Page 1 974, Official Records ofOsceola County, Florida.
Matters appearing on the plat of CHAMPIONSGATE VILLAGE PHASE 1 3, recorded March 1, 201 6, in Plat Book 24, Pages 149- 1 50, Official Records of Osceola County, Florida.
Certificate ofAcknowledgement recorded June 27, 20 16, in Book 4983, Page 359, Official Records of Osceola County, Florida.

5

SECTION C

THIS INSTRUMENT WAS PREPARED BY AND SHOULD BE RETURNED TO:

Peter Luis Lopez, Esquire
Lowndes, Drosdick, Doster, Kantor & Reed, P.A. 215 North Eola Drive
Post Office Box 2809 Orlando, FL 32802-2809
(407) 843-4600

FOR RECORDINGDEPARTMENTUSE ONLY

TERMINATION OF GRANT OF ACCESS AND UTILITIES EASEMENT
THIS TERMINATION OF GRANT OF ACCESS AND UTILITIES EASEMENT
(this "Termination") is made as of May _, 2018 by CG INFRASTRUCTURE, LLC, a Delaware limited liability company ("CG") and CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT, a local unit ofspecial purpose government established pursuant to Chapter 190, Fla. Stat. (the "CDD").
WIT N E S SET H:
WHEREAS, Rida Associates Limited Partnership, a Delaware limited partnership ("RALP"), as "Grantor", and the CDD executed that certain Grant of Access and Utilities Easement dated as of September 30, 2005, and recorded on November 3, 2005, in Official Records Book 2951, Page 2868, as re-recorded in Official Records Book 3025, Page 2416, both of the Public Records of Osceola County, Florida (the "Easement") (all defined terms herein, unless expressly stated herein, shall have the meaning given them in the Easement);
WHEREAS, pursuant to the Easement, the easements created, granted, and conveyed thereunder are perpetual in duration and may not be changed, amended, modified, cancelled or terminated except by written instrument executed by the COD and the then owners of the Easement Area and all mortgagees ofany portion thereof;
WHEREAS, CG is the current owner of the Easement Area and there are no mortgagees ofany portion thereof; and
WHEREAS, CG and the CDD desire to terminate the Easement.
NOW THEREFORE, CG and the COD hereby terminate the Easement and all rights and obligations created thereunder.

5817193

Signed, sealed and delivered in the Presence of the following witnesses:

Signature of Witness Printed Name of Witness

Signature of Witness Printed Name of Witness

STATE OF  	
COUNTY OF ------

CG INFRASTRUCTURE, LLC, a
Delaware limited liability company
BY:	DARU Associates, LLC, a Delaware limited liability company, its Managing Member

By:	-----------
Ira Mitzner, its Manager

The foregoing instrument was acknowledged before me this day of May, 2018, by Ira Mitzner, as Manager of DARU Associates, LLC, a Delaware limited liability company, Managing Member of CG INFRASTRUCTURE, LLC, a Delaware limited liability company, on behalf of the company. He is personally known to me or has produced
------------ as identification.

(NOTARY SEAL)

Notary Public Signature
(Name typed, printed or stamped)
Notary Public, State of 	
Commission No.: ----------

My Commission Expires: ___	___

5817193	2

Signed, sealed and delivered in the Presence of the following witnesses:

Signature of Witness Printed Name of Witness

Signature of Witness Printed Name of Witness

STATE OF
COUNTY OF ------

CHAMPIONSGATE COMMUNITY
DEVELOPMENT DISTRICT, a local unit of special purpose government established pursuant to Chapter 190, Fla. Stat.

By:	­
Name: ----	--	---
Title: -----------	-

The foregoing instrument was acknowledged before me this 	day of May, 2018, by
as	 		of	CHAMIONSGATE
COMMUNITY DEVELOPMENT DISTRICT, a local unit of special purpose government established pursuant to Chapter 190, Fla. Stat., on behalf of the District. He/She is personally known to me or has produced 	 as identification.

(NOTARY SEAL)

Notary Public Signature
(Name typed, printed or stamped)
Notary Public, State of-------
Commission No.: --------

My Commission Expires: 	_	_

5817193	3

SECTION V

CONSTRUCTION AGREEMENT
THIS AGREEMENT is made and entered into this __ day of May, 2018, by and between:
CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT, a local unit
of special purpose government established pursuant to Chapter 1 90, Florida Statutes, whose address is 135 W. Central Blvd., Suite 320, Orlando, FL 32801 ("District"), and
H & S INVESTMENT GROUP OF CENTRAL FLORIDA, L.L.C., a Florida
limited liability company, d/b/a AAA TOP QUALITY ASPHALT, LLC, whose address is P.O. Box 1 564, Winter Haven, Florida 33882- 1564 (the "Contractor").

RECITALS:

WHEREAS, the District is a special purpose unit of local government established pursuant to and governed by Chapter 190, Florida Statutes;
WHEREAS, Contractor submitted a proposal to perform those certain roadway repairs at Goodman and Laura Lane according to Proposal 10249 attached hereto as Attachment A incorporated herein by reference (the "Project"); and
WHEREAS, Contractor represents that it is qualified to serve as a contractor and provide those services necessary to complete the Project.
NOW, THEREFORE, in consideration of the recitals, agreements, and mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties, the parties agree as follows:
Recitals. The recitals so stated are true and correct and by this reference are incorporated, inclusive of the above referenced exhibits, into and form a material part of this Agreement.
Duties.
The duties, obligations, and responsibilities of the Contractor are those as more particularly described in Attachment A attached hereto and incorporated herein.
Contractor shall be solely responsible for the means, manner and methods by which its duties, obligations and responsibilities are met to the satisfaction ofthe District.
Contractor shall report to the District Manager or his designee.

Contractor shall furnish all materials, supplies, machines, equipment, tools, superintendents, labor, insurance, and other accessories and services necessary to complete said Project in accordance with the conditions and prices as stated herein and in Attachment A.
Contractor shall furnish all tools, equipment, materials and supplies and to do all the work associated with the Project in a first-class, substantial and workmanlike manner.
Contractor is responsible for pulling and paying for any necessary permits associated with this Agreement.
Contractor shall perform all the work and labor pursuant to this
Agreement.
Contractor shall remove and clean up all rubbish, debris, excess material, tools and equipment from streets, alleys, parkways and adjacent property that may have been used or worked on by the Contractor in connection with the Project.
Contractor will be held responsible for the care, protection and condition of all work until final completion and acceptance thereof, and will be required to make good at his own cost any damage or injury occurring from any cause resulting from Contractor's acts or omissions or the acts or omissions of its subcontractors or suppliers.
Prior to commencing the Project, Contractor shall provide an approved Maintenance of Traffic (MOT) Plan for District's approval. The MOT plan shall be coordinated with the District's representative and shall be adhered to and enforced any time work is being performed on the Project, regardless whether a permit is required. The MOT plan shall conform to the latest edition of the FDOT Design Standards 600 series and The Manual on Uniform Traffic Control Devices (MUTCD). A copy of the MOT plan shall be kept on the Project site at all times. The MOT plan is valid for the duration of the Project. Contractor shall have the responsibility of the setup and removal of all MOT devices when required.
Compensation. District agrees to compensate the Contractor in the lump sum amount of FORTY THOUSAND SIX HUNDRED FOURTEEN AND 84/100 DOLLARS ($40,614.84 usd). Payment of the full amount will be made upon satisfactory completion of the work necessary to complete the Project. An invoice shall be generated from the Contractor and delivered to the District so that payment can be made. Final payment will not be made until Contractor produces final lien waivers as required by Florida Statues Chapter 713.
Independent Contractor. The District and Contractor agree and acknowledge that Contractor shall serve as an independent contractor of the District.

2

Date of Commencement and Substantial Completion. Contractor shall commence the Work within 10 days after receiving the Notice to Proceed and shall complete the Work no later than 30 days after commencement.
Indemnification.
Contractor shall indemnify, defend, and save harmless District, its agents, servants and employees from and against any kind and all causes, claims, demands, actions, losses, liabilities, settlements, judgments, damages, costs, expenses, and fees (including without limitation reasonable attorney's and paralegal expenses at both the trial and appellate levels) of whatsoever kind or nature for damages to persons or property caused in whole or in part by any act, omission, of the Contractor, its agents, servants or employees arising from this Agreement or its performance. The Contractor and the District hereby agree and covenant that the Contractor has incorporated in the original cost proposal, which constitutes the Contract sum payable by the District to the Contractor, specific additional consideration in the amount of Ten and no/100 Dollars ($10.00) sufficient to support this obligation of indemnification provided for in this paragraph. The indemnification required pursuant to the Agreement shall in no event be less than $1 million per occurrence or no more than the limits of insurance required of the Contractor by the Agreement, whichever is greater. It is the District's and Contractor's full intention that this provision shall be enforceable and said provision shall be in compliance with Section 725.06, Florida Statute.
The execution of this Agreement by the Contractor shall obligate Contractor to comply with the foregoing indemnification provision, as well as the insurance provisions which are set forth in paragraph 11 of this Agreement. However, the indemnification provision, and the insurance provision are not interdependent of each other, but rather each one is separate and distinct from the other.
The obligation of the Contractor to indemnify the District is not subject to any offset,  limitation  or  defense  as a result of any insurance proceeds available to either the District or the Contractor.
Nothing herein is intended to be construed, by either party, as a waiver of the protections, immunities, and limitations afforded a governmental entity pursuant to Section 768.28, Florida Statutes.
Enforcement. A default by either party under this Agreement shall entitle the other party to all remedies available at law or in equity, which shall include, but not be limited to, the right of damages, injunctive relief and specific performance.
Recovery of Costs and Fees. In the event that either party is required to enforce this Agreement by court proceedings or otherwise, then the prevailing party shall be entitled to recover from the other party all fees and costs incurred including reasonable attorneys' fees (and

3

paralegal fees) and costs whether incurred prior to, during, or post litigation, appeal, or through alternative dispute resolution.
Cancellation. The District shall also have the right to cancel this Agreement at any time upon seven (7) days written notice due to Contractor's failure to perform in accordance with the terms of this Agreement or for any reason.
Warranty. The Contractor warrants its work against defects in materials or workmanship for a period of one (1) year from final acceptance by District. Any defects noted within this time period shall be timely corrected by Contractor at Contractor's expense. Contractor shall make the necessary corrections within ten (10) days of receipt of the written notice from District.
1 1. Insurance. The Contractor shall maintain the following insurance coverage's during the execution of this Project:
Comprehensive General Liability covering all operations, including legal liability and completed operations/products liability, with minimum limits of $1,000,000 combined single limit occurrence;
Comprehensive Automobile Liability Insurance covering owned, non- owned, or rented automotive equipment to be used in performance of the Work with minimum limits of$500,000 combined single limit per occurrence; and
Workers compensation insurance in a form and in amounts prescribed by the laws of the State of Florida.
The District shall be named as the Insurance Certificate Holder and shall be an additional named insured on all policies of liability insurance.
Changes in the Work.
District, without invalidating the Agreement, may order extra work or make changes by altering, adding to or deducting from the work, the Agreement sum being adjusted accordingly. All such work shall be executed under the conditions of the original Agreement. Any claim for extension of time caused thereby shall be made in writing at the time such change is ordered.
All change orders and adjustments shall be in writing and approved in advance, prior to work commencing, by the District, otherwise, no claim for extras will be allowed.

4

Claim of payment for extra work shall be submitted by the Contractor upon certified statement supported by receipted bills. No claim for extra work shall be allowed unless same was ordered, in writing, as aforesaid, and the claim presented at the time of the first estimate after the work is complete.
Completion of Work.
In the event of any delay in the Project caused by any act or omission of the District, its agents or employees, or delay caused by weather conditions or unavailability of materials, the sole remedy available to Contractor shall be by extension of the time allocated to complete the Project.
Failure on the part of Contractor to timely process a request for an extension of time to complete the work shall constitute a waiver by Contractor and Contractor shall be held responsible for completing the work within the time allocated by this Agreement.
All requests for extension of time to complete the work shall be made in writing to the District.
Entire Agreement. This instrument shall constitute the final and complete expression of the agreement between the parties relating to the subject matter ofthis Agreement.
Amendment. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing, which is executed by both of the parties hereto.
Assignment. Neither the District nor the Contractor may assign their rights, duties, or obligations under this Agreement or any monies to become due hereunder without the prior written approval of the other.
Applicable Law; Waiver of Jw y Trial. This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida. DISTRICT AND CONTRACTOR HEREBY KNOWINGLY AND VOLUNTARILY WAIVE ANY RIGHT TO A JURY TRIAL OF ANY DISPUTE ARISING IN CONNECTION WITH THIS AGREEMENT. CONTRACTOR ACKNOWLEDGES THAT THIS WAIVER WAS EXPRESSLY NEGOTIATED AND IS A MATERIAL INDUCEMENT FOR THE EXECUTION OF THIS AGREEMENT BY DISTRICT.
Conflicts. In the event ofa conflict between any provision of this Agreement and the terms and conditions, then this Agreement shall control.
Venue. In the event of any litigation arising out of this Agreement or the performance thereof, venue shall be Osceola County, Florida.

5

Public Records. The District is subject to the requirements of Chapter 119 of the Florida Statutes pertaining to Public Records. As such, all documents, papers, letters, maps, books, tapes, photographs, films, sound recordings, data processing software, or other material, regardless of the physical form, characteristics, or means of transmission, made or received by the District in connection with the transaction of its official business are public records.
In connection with this Agreement, Contractor shall comply with Chapter 119, Florida Statutes, as follows:
Keep and maintain public records required by the District to perform the services that are the subject of this Agreement.
Upon the request of the District's Custodian of Public Records, provide the District with a copy of the requested records or allow the records to be inspected or copied within a reasonable time at a cost that does not exceed the cost provided by law.
Ensure that public records that are exempt or confidential and exempt from public records disclosure requirements are not disclosed except as authorized by law for the duration of the contract term and following completion of the contract if the contractor does not transfer the records to the District.
Upon completion of the Agreement, transfer, at no cost, to the District all public records in Contractor's possession or keep and maintain public records required by the District to perform the services that are the subject of this Agreement. If Contractor transfers all public records to the District upon completion of the Agreement, Contractor shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. If Contractor keeps and maintains public records upon completion of the Agreement, Contractor shall meet all applicable requirements for retaining public records. All records stored electronically must be provided to the District, upon request from the District's Custodian of Public Records, in a format that is compatible with the District's information technology systems.
IF CONTRACTOR HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO CONTRACTOR'S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS CONTRACT, CONTACT THE DISTRICT'S CUSTODIAN OF PUBLIC RECORDS AT THE ADDRESS LISTED FOR THE DISTRICT IN TIDS AGREEMENT.

[Signatures on next page.]

6

IN WITNESS WHEREOF, the parties hereto have signed this Construction Agreement between Champions Gate Community Development District and H & S Investment Group of Central Florida, L.L.C., d/b/a AAA Top Quality Asphalt, LLC, on the day and year first written above.

ATTEST:

Secretary/Assistant Secretary

CHAMPIONS GATE
COMMUNITY DEVELOPMENT DISTRICT

Chairman/Vice-Chairman

H & S INVESTMENT GROUP OF CENTRAL
FLORIDA, L.L.C., a Florida limited liability company, d/b/a AAA TOP QUALITY ASPHALT, LLC
By:

Name: ---	-----
Title:

7

ATTACHMENT "A"

PROPOSAL 10249

8

AAA Top Quality Asphalt, LLC
P.O. BOX 1564
WINTER HAVEN, FL 33882-15'64
PHONE: (863) 521-5454 FAX: (863) 425-5048
AAAtopqualltyasphalt.com

PROPOSAL
Date	Estimate #
12/5/2017	10249

PROPOSAL SUBMITTED TO;

PROJECT LOCATION;

RIDA ASSOCIATES LIMITED PARTNERS YVONNE SHOUEY
8390 CHAMPIONS OATEBLVD SUITE 104
CHAMPIONS GATE, FL 33896
PH# 407-397-2500 FAX# 407-396-7614

GOODMAN & LAURA LA C• HAMPIONS GATE
*
e: yshouey@championsgate.com

Item	Oescription	Qty	Cost	Total	
SALESMAN I	THANK YOU FOR ALLOWING US TO BID ON YOUR PROJECT. PLEASE CONTACT MA'lT GREENE FOR ANY QUESTIONS REGARDING THIS COST ESnMATE AS WELL AS ANY SCHEUULJNG NEEDS. YOU CANREACH HIM ON ms CELL PHONE AT (863)-280-0904, OR AT THE OFFICE AT (863) 521-5454.
SCOPE OF WORK: EDGE MILL LAURA LANE AND GOODMAN AT 1" ON THE ROAD EOGE. SWEEP, TACK.AND PAVE I". REPAINT ALL LINES STRIPES AND SYMBOLS WITH TEMP PAJNT THEN THERMO.
EDGE MILL WHE'.RE TIIE CONCRETE JOINS THE EXISTING ASPHALT,.OR THE LIMITS OF PAVING AT A DEPTH OF l" USINGA 24" PLANNER USING APOWER BROOM, POWER SWEEP CLEAN THE DESIGNATED PROJECT AREA FREE O.FALL LOOl:lE DIRT, SA1'TD AND DEBRIS FORASPHALT INSTALLATION.
APPLY 7,107 S(J YDS OF ERGON ASPHAL f EMULSIO'NS SP-MS TACK COA'I TO TIIBPROJECT AREA FOR ASPHALT INSTALLATION.
(LAURA LN (3,780 SQ YDS /GOODMAN (3,327 SQ YDS) INS.TALL APPROX 7,107 S.Y. OT  F I" SJ/SP 9.5 nTLmC TYPE HOtMIX ASPl:IALT MA ERIALS TO
PROJECTAREA. ROLL, LEVEL AND PACK TO
PROPER DENSITY USINGA STEEL WHEEL DOUBLE DRUM ROLLER AND RUBBER Tilffi TRAFFIC ROLLER.				

EDGE MllL					
POWER SWliliP					

TAL'K COAT					
ASPHALT INST...					

Rep	MAH'	Total		

ACCEPTANCE OP PROPOSAL

THEABOVEPRICES, SPECIFICATIONS AND CONDITION$ ARE HEREBY ACCEPTED. AAA TOP QUALITYASPHALT, LLC IS AUU!ORIZED TO COMPLE1E THE WORK A.S S. PECJFIED.  PAYMENT WILL BE MADE PER AGRREMENT.  PROPOSAL GOOD FOR30 DAYS FROM ABOVE DATE.
Signature  		 	

Page 1

9

AAA Top Quality Asphalt, LLC
P.O. BOX 1564
WINTER HAVEN, FL 33882-1564
PHONE: (863) 521-5454 FAX: (863) 425-5048

PROPOSAL SUBMITTED TO:

AAAtopqualityasphalt.com

RIDA ASSOCIA'IES LlMITED PARTNERS YVONNE SHOUEY
8390 CHAMPIONS GATE BLVD SUITE I04 CHAMPIONS GATE, FL 33896

PROJECT LOCATION:
GOODMAN & LAURA LA CHAMPIONS GATE
*

PROPOSAL

Date	Estimate #	
12/S/2017	10249	

PH# 407,397-2500 !'AX# 407-396-7614	e: yshouey@championsgate.com

Item	Description	Qty	Cost	Total	
PAINTING

M.O.T.
M.O.E.     TOTAL PROJEC... EXCLUSIONS

I	RE-PAINTALLLINE STRIPES AND SYMBOLS IN Tl-IEDESIGNATED PROJECT AREA. USING AN
F.D.O.T. CERTIFIED TRAFFIC PAINT. TI:IEN PAINf THE LINES WITH THERMOPLASTIC PAINT 15 DAYS LATER.
CONFJ13ARRICADE AREAFOR TRAFFIC CONTROL ONLY INSIDE Tiffi DESIGNATED PROJECT AREA. MOBILIZATION OF EQUIPMENT TO TIIE DESIGNATED PROJECT.
TOTAL PROJECT COSTFOR THE ABOVE LISTED SCOPE OF WORK.
SILT FENCE, SURVEY. AS-BUJLTS,. SOJL TESTING, DENSITY TEST, PAINT, BOND, PERMIT, PERMIT FEES, SOD, NIGHT WORK, LIGHT PLANT, HEIUi!CtDE AND WORK NOT INDTCATED OR IMPLIED IN 11IB ABOVEUSTED SCOPE OF WORK. TQA PROMOIBS POSITIVE DRAINAGE BUT DUE TO EXISTING ELEVATIONS PONDING MAYOC('.UR DUE TO IBE HF..AT UF THE SUMMER TEAR MARKS MAY APPEAR.BUT SHOULD SUBSIDE WHEN THE WEATIIBRCOOLS DOWN. WE SAND THE .ASPHALT AFTER INSTALLATION fO HELP WITH THIS SITUATION. TQA IS NOT RESPONSIBLE FOR VEGETATION GROWTI! TiiROUGHNEW ASPHALT PAVEMENr, NOR DAMAGE TO THE ASPHALT AFTER WE I-IAVE LEFT THE PROJECT LOCATION.

I	

I	

40,614.84	

40,614.84	

Rep	MATI'	Total	$40,614.84	

ACCEPTANCE OF PROPOSAL

THE ABOVE.PRICES, SPECIFICATIONS AND CONDITIONS ARE HERtIBY ACCEPTED. AAA Tb'P QUALITY ASPHALT. LLC IS AUTHORIZED TO COMPLETE '!HE WORK AS SPECIFIED. PAYMENT WU.I.DE MADE PER AGREEMENT. l'ROPOSAL GOOD FOR 30 DAYS FROM ABOVE DATE.
Signature  	   	

Page 2

10

CONSTRUCTION AGREEMENT
THIS AGREEMENT is made and entered into this __ day of May, 2018, by and between:
CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT, a local unit
of special purpose government established pursuant to Chapter 190, Florida Statutes, whose address is 135 W. Central Blvd., Suite 320, Orlando, FL 32801 ("District"), and
H & S INVESTMENT GROUP OF CENTRAL FLORIDA, L.L.C., a Florida
limited liability company, d/b/a AAA TOP QUALITY ASPHALT, LLC, whose address is P.O. Box 1564, Winter Haven, Florida 33882-1564 (the "Contractor").

RECITALS:

WHEREAS, the District is a special purpose unit of local government established pursuant to and governed by Chapter 190, Florida Statutes;
WHEREAS, Contractor submitted a proposal to perform those certain roadway repairs at Berwick Drive according to Proposal 10260 attached hereto as Attachment A incorporated herein by reference (the "Project"); and
WHEREAS, Contractor represents that it is qualified to serve as a contractor and provide those services necessary to complete the Project.
NOW, THEREFORE, in consideration of the recitals, agreements, and mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties, the parties agree as follows:
Recitals. The recitals so stated are true and correct and by this reference are incorporated, inclusive of the above referenced exhibits, into and form a material part of this Agreement.
Duties.
The duties, obligations, and responsibilities of the Contractor are those as more particularly described in Attachment A attached hereto and incorporated herein.
Contractor shall be solely responsible for the means, manner and methods by which its duties, obligations and responsibilities are met to the satisfaction ofthe District.
Contractor shall report to the District Manager or his designee.

Contractor shall furnish all materials, supplies, machines, equipment, tools, superintendents, labor, insurance, and other accessories and services necessary to complete said Project in accordance with the conditions and prices as stated herein and in Attachment A.
Contractor shall furnish all tools, equipment, materials and supplies and to do all the work associated with the Project in a first-class, substantial and workmanlike manner.
Contractor is responsible for pulling and paying for any necessary permits associated with this Agreement.
Contractor shall perform all the work and labor pursuant to this
Agreement.
Contractor shall remove and clean up all rubbish, debris, excess material, tools and equipment from streets, alleys, parkways and adjacent property that may have been used or worked on by the Contractor in connection with the Project.
Contractor will be held responsible for the care, protection and condition of all work until final completion and acceptance thereof, and will be required to make good at his own cost any damage or injury occurring from any cause resulting from Contractor's acts or omissions or the acts or omissions of its subcontractors or suppliers.
Prior to commencing the Project, Contractor shall provide an approved Maintenance of Traffic (MOT) Plan for District's approval. The MOT plan shall be coordinated with the District's representative and shall be adhered to and enforced any time work is being performed on the Project, regardless whether a permit is required. The MOT plan shall conform to the latest edition of the FDOT Design Standards 600 series and The Manual on Uniform Traffic Control Devices (MUTCD). A copy of the MOT plan shall be kept on the Project site at all times. The MOT plan is valid for the duration of the Project. Contractor shall have the responsibility ofthe setup and removal ofall MOT devices when required.
Compensation. District agrees to compensate the Contractor in the lump sum amount of TWENTY-EIGHT THOUSAND NINE HUNDRED EIGHTY-FOUR AND 88/100 DOLLARS ($28,984.88 usd). Payment of the full amount will be made upon satisfactory completion of the work necessary to complete the Project. An invoice shall be generated from the Contractor and delivered to the District so that payment can be made. Final payment will not be made until Contractor produces final lien waivers as required by Florida Statues Chapter 713.
Independent Contractor. The District and Contractor agree and acknowledge that Contractor shall serve as an independent contractor ofthe District.

2

Date of Commencement and Substantial Completion. Contractor shall commence the Work within 10 days after receiving the Notice to Proceed and shall complete the Work no later than 30 days after commencement.
Indemnification.
Contractor shall indemnify, defend, and save harmless District, its agents, servants and employees from and against any kind and all causes, claims, demands, actions, losses, liabilities, settlements, judgments, damages, costs, expenses, and fees (including without limitation reasonable attorney's and paralegal expenses at both the trial and appellate levels) of whatsoever kind or nature for damages to persons or property caused in whole or in part by any act, omission, of the Contractor, its agents, servants or employees arising from this Agreement or its performance. The Contractor and the District hereby agree and covenant that the Contractor has incorporated in the original cost proposal, which constitutes the Contract sum payable by the District to the Contractor, specific additional consideration in the amount of Ten and no/100 Dollars ($10.00) sufficient to support this obligation of indemnification provided for in this paragraph. The indemnification required pursuant to the Agreement shall in no event be less than $1 million per occurrence or no more than the limits of insurance required of the Contractor by the Agreement, whichever is greater. It is the District's and Contractor's full intention that this provision shall be enforceable and said provision shall be in compliance with Section 725.06, Florida Statute.
The execution of this Agreement by the Contractor shall obligate Contractor to comply with the foregoing indemnification provision, as well as the insurance provisions which are set forth in paragraph 11 of this Agreement. However, the indemnification provision, and the insurance provision are not interdependent of each other, but rather each one is separate and distinct from the other.
The obligation of the Contractor to indemnify the District is not subject to any offset, limitation or defense as a result of any insurance proceeds available to either the District or the Contractor.
Nothing herein is intended to be construed, by either party, as a waiver of the protections, immunities, and limitations afforded a governmental entity pursuant to Section 768.28, Florida Statutes.
Enforcement. A default by either party under this Agreement shall entitle the other party to all remedies available at law or in equity, which shall include, but not be limited to, the right of damages, injunctive relief and specific performance.
Recovery of Costs and Fees. In the event that either party is required to enforce this Agreement by court proceedings or otherwise, then the prevailing party shall be entitled to recover from the other party all fees and costs incurred including reasonable attorneys' fees (and

3

paralegal fees) and costs whether incurred prior to, during, or post litigation, appeal, or through alternative dispute resolution.
Cancellation. The District shall also have the right to cancel this Agreement at any time upon seven (7) days written notice due to Contractor's failure to perform in accordance with the terms of this Agreement or for any reason.
Warranty. The Contractor warrants its work against defects in materials or workmanship for a period of one (1) year from final acceptance by District. Any defects noted within this time period shall be timely corrected by Contractor at Contractor's expense. Contractor shall make the necessary corrections within ten (10) days of receipt of the written notice from District.
Insurance. The Contractor shall maintain the following msurance coverage's during the execution of this Project:
Comprehensive General Liability covering all operations, including legal liability and completed operations/products liability, with minimum limits of $1,000,000 combined single limit occurrence;
Comprehensive Automobile Liability Insurance covering owned, non- owned, or rented automotive equipment to be used in performance of the Work with minimum limits of $500,000 combined single limit per occurrence; and
Workers compensation insurance in a form and in amounts prescribed by the laws of the State of Florida.
The District shall be named as the Insurance Certificate Holder and shall be an additional named insured on all policies of liability insurance.
Changes in the Work.
District, without invalidating the Agreement, may order extra work or make changes by altering, adding to or deducting from the work, the Agreement sum being adjusted accordingly. All such work shall be executed under the conditions of the original Agreement. Any claim for extension of time caused thereby shall be made in writing at the time such change is ordered.
All change orders and adjustments shall be in writing and approved in advance, prior to work commencing, by the District, otherwise, no claim for extras will be allowed.

4

Claim of payment for extra work shall be submitted by the Contractor upon certified statement supported by receipted bills. No claim for extra work shall be allowed unless same was ordered, in writing, as aforesaid, and the claim presented at the time of the first estimate after the work is complete.
Completion of Work.
In the event of any delay in the Project caused by any act or omission of the District, its agents or employees, or delay caused by weather conditions or unavailability of materials, the sole remedy available to Contractor shall be by extension of the time allocated to complete the Project.
Failure on the part of Contractor to timely process a request for an extension of time to complete the work shall constitute a waiver by Contractor and Contractor shall be held responsible for completing the work within the time allocated by this Agreement.
All requests for extension of time to complete the work shall be made in writing to the District.
Entire Agreement. This instrument shall constitute the final and complete expression of the agreement between the parties relating to the subject matter of this Agreement.
Amendment. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing, which is executed by both of the parties hereto.
Assignment. Neither the District nor the Contractor may assign their rights, duties, or obligations under this Agreement or any monies to become due hereunder without the prior written approval ofthe other.
Applicable Law; Waiver of Ju r y Trial. This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida. DISTRICT AND CONTRACTOR HEREBY KNOWINGLY AND VOLUNTARILY WAIVE ANY RIGHT TO A JURY TRIAL OF ANY DISPUTE ARISING IN CONNECTION WITH TIDS AGREEMENT. CONTRACTOR ACKNOWLEDGES THAT THIS WAIVER WAS EXPRESSLY NEGOTIATED AND IS A MATERIAL INDUCEMENT FOR THE EXECUTION OF THIS AGREEMENT BY DISTRICT.
Conflicts. In the event of a conflict between any provision ofthis Agreement and the terms and conditions, then this Agreement shall control.
.   Venue.    In  the  event  of any  litigation  arising  out  of this  Agreement or the performance thereof, venue shall be Osceola County, Florida.

5

Public Records. The District is subject to the requirements of Chapter 1 19 of the Florida Statutes pertaining to Public Records. As such, all documents, papers, letters, maps, books, tapes, photographs, films, sound recordings, data processing software, or other material, regardless of the physical form, characteristics, or means of transmission, made or received by the District in connection with the transaction of its official business are public records.
In connection with this Agreement, Contractor shall comply with Chapter 1 1 9, Florida Statutes, as follows:
Keep and maintain public records required by the District to perform the services that are the subject of this Agreement.
Upon the request of the District's Custodian of Public Records, provide the District with a copy of the requested records or allow the records to be inspected or copied within a reasonable time at a cost that does not exceed the cost provided by law.
Ensure that public records that are exempt or confidential and exempt from public records disclosure requirements are not disclosed except as authorized by law for the duration of the contract term and following completion of the contract if the contractor does not transfer the records to the District.
Upon completion of the Agreement, transfer, at no cost, to the District all public records in Contractor's possession or keep and maintain public records required by the District  to  perform  the  services  that  are  the  subject  of this  Agreement.  If Contractor transfers all public records to the District upon completion of the Agreement, Contractor shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. If Contractor keeps and maintains public records upon completion of the Agreement, Contractor shall meet all applicable requirements for retaining public records. All records stored electronically must be provided to the District, upon request from the District's Custodian of Public Records, in a format that is compatible with the District's information technology systems.
IF CONTRACTOR HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO CONTRACTOR'S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO TIDS CONTRACT, CONTACT THE DISTRICT'S CUSTODIAN OF PUBLIC RECORDS AT THE ADDRESS LISTED FOR THE DISTRICT IN THIS AGREEMENT.

[Signatures on next page.]

6

IN WITNESS WHEREOF, the parties hereto have signed this Construction Agreement between Champions Gate Community Development District and H & S Investment Group of Central Florida, L.L.C., d/b/a AAA Top Quality Asphalt, LLC, on the day and year first written above.

ATTEST:

Secretary/Assistant Secretary

CHAMPIONS GATE
COMMUNITY DEVELOPMENT DISTRICT
By:
Chairman/Vice-Chairman

H & S INVESTMENT GROUP OF CENTRAL
FLORIDA, L.L.C., a Florida limited liability company, d/b/a AAA TOP QUALITY ASPHALT, LLC
By:

Name: ---------
Title:	 	

7

ATTACHMENT "A"
PROPOSAL 10260

8

AAA Top Quality Asphalt, LLC
P.O. BOX 1564
WINTER HAVEN, FL 33882-1564
PHONE.: (863) 521-5454 FAX: (863) 425-5048
AAAtopqualityasphalt.com

PROJECT LOCATION:		
BERWICK DRIVE C• HAMPIONS GATE
*
e: yshouey@championsgate.com	

PROPOSAL SUBMITTED TO:
RIDA ASSOCIAIBS LIMITED PARTNERS YVONNE SHOUEY
83.90 CHAMPIONS GATEBLVD SUITE l04
CHAMPIONS GATE, FL 33896
PH# 407-397-2500 FAX# 407-396-7614

Item	Description
SALESMAN I	THANKYOU FOR ALLOWING US TO BID ON
YOUR PROIBCT. PLEASE CONTACTMATT GREENE FOR ANY QUESTIONS REGARDING THIS COST ESTIMATE AS WELL AS ANY SCHEDULING NEEDS. YOU CAN REACHHIM ONHIS CELL PHONE AT (863)-280-0904, OR AT TIIE OFFICE AT (863) 521-5454.
•*•*BERWICK O!UVE••••
EDGEMILL	EDGE MILL WHERE THE CONCRETE JOINS THE EXISTING ASPHALT, OR THE LIMITS OF PAVING AT A DEPTH Ol' I" USING A 24" PLANNER.
POWER SWEEP		USING Al'OWERBROOM, POWER SWEEP CLEAN THE DESIGNATED PROJECT AREA FREE OF ALL LOOSE DIRT, SAND AND DEBRIS FORASPHALT INSTALLA'ITON.
TACK COAT	APPLY 3,327 SQ YDS OF ERGON ASPHALT
EMULSIONS SP-MS TACK COAT TO 11IE PROJECT AREAFORASPHALT INSTALLATION.
ASPHALT INST... INSTALL APPROX 3,327 S.Y. OF I" S3/SP 9.5 TLC "IYPE HOTMIX ASPHALT MATERIALS TO THE PROJECT AREA. ROLL, LEVEL AND PACK TO PROPER DENSITY USING A STEEL WHEEL DOUBLE DRUM ROLLER AND RUBBER TIRE TRAFFIC ROLLER.
PAINTING		RE-PAINTALL LINE STRIPES AND SYMBOLS IN THE DESIGNATED PROJECT AREA. USING AN RD.O.T. CERTIFIED TRAFFIC PAINT. (NOTRAISED THERMOPLASTIC)
Rep	!	MATT	I
ACCEPTANCE OF PROPOSAL

PROPOSAL
Date	Estimate #
12/1 2/2017	1 0260

Qty	Cost	Total

I Total	 	

THE ABOVE PRICES, SPECIFICATIONS AND CONDIT!ONS ARE HEREBY ACCEPTED. AAA TOP QUALITY ASPHALT, LLC IS AUTHORIZED TO COMP!.ETE THE WORK AS SPECIFIED. PAYMENTWILL BE MADE PER AGREEMENT. PROPOSAL GOOD FOR 30 DAYS FROM ABOVE DATE,
Signature  	    	

Page 1

9

AAA Top Quality Asphalt, LLC
P.O. BOX 1564
WINTER HAVEN, FL 33882-1564
PHONE: (863) 521-5454 FAX: {863} 425-5048
AAAtopqualltyasphalt.com

PROPOSAL
Date	Estimate #

12/12/2017	10260

PROPOSAL SUBMITTED TO:
RIDA ASSOCIATES LIMITED PAR1NERS YVONNE SHOUEY
8390 CHAMPIONS GATE BLVD SUJTE I 04 CBAMPIONS GATE,. FL 33896
PH# 407-397-2500 FAX# 407-396-7614

PROJECT LOCATION:
BERWICK DRIVE CHAMPIONS GATE

e: yshouey@championsgate.com

Item	Description	Qty	Cost	Total	
M;O.T.	CONE/BARRICADE AREA FOR TRAFFIC CONTROL Ol-<LY INSIDE THE DESIGNATED PROJECT AREA.
M.O.E.	MOBILIZATION OF EQUIPMENT TO THE
DESIGNATED PROJECT.
TOTAL PROJEC.•. TOTAL PROJECT COST FOR THE ABOVE LISTED SCOPE OF WORK.

I	I	

28,984.88		
		
28,984.88	

Rep

MATT

ACCEPTANCE OF PROPOSAL

I Total	$28,984.88

THE ABOVE PRICES, SPECIFICATIONS AND CONDI110NS ARE HEREBY ACCEPTED. AAATOP QUALITYASPHALT, LLC IS AUTHORIZED TO COMPLETE THE WORK AS SPECIFIED. PAYMENI' WILLBE MADE PER AGREEMENT. PROPOSAL GOOD FOR 30 DAYS FROM ABOVE DATE.
Signature  	

Page 2

10

SECTION VI

RESOLUTION 2018-02
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING THE DISTRICT MANAGER TO ESTABLISH AN ACCOUNT WITH THE STATE BOARD OF ADMINISTRATION; APPOINTING THE DISTRICT MANAGER AS ITS LEGAL REPRESENTATIVE WITH RESPECT TO SAID ACCOUNT(S) AND PROVIDING FOR THE DURATION OF SAID AUTHORIZATION

WHEREAS, the ChampionsGate Community Development District (the "District") is a local unit of special purpose government created and existing under Chapter 190, Florida Statutes; and
WHEREAS, the District finds that from time to time has funds on hand in excess of current needs; and
WHEREAS, it is in the best interest District and its landowners that said excess funds be invested to return the highest yield consistent with proper safeguards and the Districts currently adopted policies regarding the deposit of public funds.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT:
That the District Manager, Governmental Management Services-Central Florida, LLC, ("GMS") and its designee, as legal representative(s) of the District is hereby authorized to act as the administrator(s) for funds held at the State Board of Administration.
The District Manager and/or its designee shall have the authority to establish an account(s) on behalfof the District with the State Board of Administration, withdraw funds from or transmit funds to said account(s) at the State Board of Administration, establish fu�ds transfer instructions, name designee(s), and initiate changes to this information via the Investment Pool Input Document.
That this authorization shall be continuing in nature until revoked by District or until a new legal representative is appointed.

THIS RESOLUTION INTRODUCED AND ADOPTED by the District at its regularly scheduled meeting this 8th day of May, 2018.

ATTEST:

SecretaryIAssistant Secretary

CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT

ChairmanNice Chairman

SECTION VII

RESOLUTION 2018-03
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2018/2019 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors ("Board") of the ChampionsGate Community Development District ("District") prior to June 15, 20 18, a proposed budget ("Proposed Budget") for the fiscal year beginning October 1, 20 18 and ending September 30, 20 19 ("Fiscal Year 2018/2019"); and
WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT:
PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2018/20 19 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.
SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:

DATE: HOUR: LOCATION:

August 14, 20 18
2:00 p.m.
Offices ofRida Associates
8390 ChampionsGate Blvd., Suite 1 04
ChampionsGate, FL 338 96

TRANSMITTAL OF PROPOSED BUDGET TO LOCAL GENERAL PURPOSE GOVERNMENT. The District Manager is hereby directed to submit a copy of the Proposed Budget to Osceola County at least 60 days prior to the hearing set above.
POSTING OF PROPOSED BUDGET. In accordance with Section 189.0 16, Florida Statutes, the District's Secretary is further directed to post the approved Proposed Budget on the District's website at least two days before the budget hearing date as set forth in Section 2, and shall remain on the website for at least 45 days.

PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.

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

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

PASSED AND ADOPTED TIDS 8TH DAY OF MAY, 2018.

ATTEST:

Secretary

CHAMPIONSGATE	COMMUNITY DEVELOPMENT DISTRICT

By: 		 		 	
Its:-------	-----

•	•	•	•	•	•	•	•	•	•

ChampionsGate Community Development District

Proposed Budget
FY 2019

•	•	•	•	•	•

Table of Contents

1

2-8

9

10 

11 

 	General Fund

 	General Fund Narrative

Capital Projects Fund

 	Debt Service Fund Series 1 998A

 	Amortization Schedule Series 1 998A

CHAMPIONSGATE
Community Development Djstrjct
General Fund Budget Fiscal Year 201 9

REVENUES·

ADOPTED	ACTUAL		NEXT	PROJECTED	PROPOSED BUDGET		THRU			6			THRU		BUDGET FY2018	03/31/18	MONTHS		9/30/1 8		FY2019

Maintenance Assessments	$731 ,679	$696,786	$34,893	$731 ,679	$731 ,679
Interest	$0	$28	$22	$0
TOTAL REVENUES	$731 ,679	$696,814	$34,915	$731 ,729	$731 ,679 I EXPENDITURES:
Administrative:

Supervisors Fees	$6,000	$1 ,800	$2,000	$3,800	$6,000
FICA Expense	$459	$138	$153	$291	$459
Engineering	$1 0,000	$1 ,688	$5,312	$7,000	$10,000
Attorney	$22,500	$1 0,698	$1 0,302	$21 ,000	$22,500
Annual Audit	$4,400	$3,800	$0	$3,800	$3,900
Management Fees	$36,603	$1 8,302	$18,302	$36,603	$36,603
Information Technology	$3,200	$1 ,600	$1 ,600	$3,200	$3,200

$4,337

Collection Agent	$5,000	$5,000	$0	$5,000	$5,000

$450

Trustee Fees	$4,337	$0	$4,337	$4,337
Arbitrage Rebate	$600	$0	$600

Dissemination	$1 ,250

$17 

Telephone	$100

$833	$1 ,583	$1 ,250

$33

$50	$100

Postage	$1 ,200	$446	$554	$1 ,000	$1 ,200
Insurance	$7,400	$6,710	$0	$6,710	$7,400
Printing & Binding	$1 ,000	$148	$352	$500	$1 ,000

$458

Legal Advertising	$1 ,500	$200	$1 ,300	$1 ,500	$1 ,500

Other Current Charges	$250

$15 

Property Appraiser Fees	$400
Property Taxes

$48

$0	$0	$0

$250

$15 

$500

$1 75

Office Supplies	$250	$58	$1 10	$250
Dues, Licenses & Subscriptions	$175	$0	$1 75
TOTAL ADMIN ISTRATIVE	$1 06,639	$56,770	$40,847	$97,617	$1 06,230 I
Maintenance:
Property Insurance		$26,000	$23,547			$0		$23,547		$26,000 Landscape Maintenance Contract	$1 39,583	$69,791	$69,791	$1 39,583	$1 39,583 Landscape Miscellaneous			$8,000		$1 ,1 17		$2,883			$4,000			$8,000
Irrigation System/Maintenance	$1 5,000	$4,093	$5,907	$10,000	$15,000
Irrigation Wells	$7,800	$0	$0	$0	$7,800

$4,590

Lakes/Fountains	$1 3,200	$4,809	$4,184	$8,993	$1 3,200
Lighting	$1 0,000	$5,410	$1 0,000	$1 2,000

$545

Miscellaneous	$2,000	$0	$1 ,076	$1 ,076	$2,000
Painting Public Areas	$600	$545	$0	$600
Traffic Signals	$8,000	$1 ,768	$2,232	$4,000	$8,000
Sidewalks	$1 0,000	$9,000	$0	$9,000	$1 0,000
Slgnage	$5,000	$3,1 52	$2,600	$5,752	$6,000
Trash Removal	$2,750	$1 ,534	$1 ,555	$3,089	$3,150

$75

Electric	$53,000	$15,094	$17,906	$33,000	$45,000
Water/Sewer	$1 ,000	$75	$150	$1 ,000
Security	$45,000	$21 ,044	$22,456	$43,500	$45,000
Onsite Management	$1 47,600	$73,799	$73,799	$147,598	$1 47,600
Mosquito Control	$7,600	$1 ,870	$4,675	$6,545	$7,600
Operating Reserves		$0	$0		$0		$0		$0 Transfer Out - Capital Reserve	$1 22,907	$0	$1 22,907	$1 22,907	$1 27,907
TOTAL MAINTENANCE	 	$625,040	$235,828	$337,456	$573,284		$s2s,440 I TOTAL EXPENDITURES	 	$731 ,679	$292,598	$378,303	$670,901		$131 ,610 I

EXCESS REVENUES (EXPENDITURES)	$0	$404,216 

$60,828	$01

CHAMPIONSGATE
COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND BUDGET

REVENUES:

MAINTENANCE ASSESSMENT
The District will levy a Non-Ad Valorem assessment on all of the assessable property within the District in order to pay for the operating expenditures during the fiscal year.

EXPENDITURES:
ADMINISTRATIVE:
SUPERVISORS FEES
Chapter 1 90, Florida Statues, allows for each Board member to receive $200 per meeting, not to exceed $4,800 per year paid to each Supervisor for the time devoted to District business and meetings. Amount is based on 5 Supervisors attending 6 Board meetings du ring the fiscal year.
FICA EXPENSE
Represents the Employer's share of Social Secu rity and Medicare taxes withheld from Board of Supervisors checks.
ENGINEERING
The District's Engineer, Hanson, Water & Associates, will be providing general engineering services to the District, e.g., attendance and preparation for the monthly Board meetings, review of invoices, preparation and review of contract specifications and bid documents, and various projects assigned as directed by the Board of Supervisors and the District Manager.
ATTORNEY
The District's Attorney, Clark & Albaugh, LLP, will be providing general legal services to the District, e.g., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager
ANNUAL AUDIT
The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis. The District has contracted with Grau & Associates for this service.

2

CHAMPIONSGATE
COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND BUDGET

MANAGEMENT FEES
The District has contracted with Governmental Management Services-Central Florida, LLC to provide Management, Accou nting and Record ing Secretary Services for the District. The services include, but not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reporting, annual audits, etc.
INFORMATION TECHNOLOGY
Represents costs related to District's accounting and information systems, District's website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements.
COLLECTION AGENT
The District will contract to levy and administer the collection of a Non-Ad Valorem assessment on all assessable property within the District.
TRUSTEE FEES
The District issued Series 1 998A Capital Improvement Revenue Bonds that are deposited with a Trustee at USBank.
ARBITRAGE REBATE
The District had contracted with an independent certified public accountant, to annually calculate the District's Arbitrage Rebate Liability on the Series 1 998 Capital Improvement Revenue Bonds. The District has contracted with AMTEC Corporation.
DISSEMINATION
The District is req uired by the Security and Exchange Commission to comply with Rule 1 5c2- 1 2(b} (5) which relates to additional reporting requirements for unrated bond issues. The District has contracted with Governmental Management Services-Central Florida, LLC to provide this service and the amount is based upon this contract.

TELEPHONE
Telephone and fax machine.
POSTAGE
The District incurs charges for mailing Board meeting agenda packages, invoices to third parties, checks for vendors and other required correspondence.

3

CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET

INSURANCE

The District's general liability and public officials' liability coverage is provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to government agencies.
PRINTING & BINDING

The District incurs charges for printing and binding agenda packages for board meetings, printing of computerized checks, correspondence, stationary, etc.
LEGAL ADVERTISING

Advertising of monthly board meetings, public hearings, and any services that are required to be advertised for public bidding, i.e. audit services, engineering service, maintenance contracts and any other advertising that may be required. The District publishes all of its legal advertising in the Orlando Sentinel.
OTHER CURRENT CHARGES

Represents bank charges and any other miscellaneous charges that the District may incur during the fiscal year.
PROPERTY APPRAISER FEES

Represents a fee charged by Osceola Cou nty Property Appraiser's office for assessment administration services.
PROPERTY TAXES

Represents the non-ad valorem assessment from Osceola County that will be charged to the District.
OFFICE SUPPLIES
Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.
DUES, LICENSES & SUBSCRIPTIONS

The District is required to pay an annual fee to the Department of Economic Opportunity for
$1 75.
MAINTENANCE:
PROPERTY INSURANCE

The District's property insurance coverage is provided by Florida I nsurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

4

CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET

LANDSCAPE MAINTENANCE CONTRACT
The District has contracted with Weber Environmental Services, Inc. to provide the monthly landscaping services which include turf care, shrubs/ground cover care, annuals, tree care, irrigation system, pressuring washing and litter removal.

Monthly	Annual
Description	Amount	Amount	
Landscape Maintenance Contract	$1 1 ,632
Total	$139,583	
	$139,583	
LANDSCAPE MISCELLANEOUS
This category will be used for the annual palm tree trimming as well as any miscellaneous landscape items not included under the landscape contract.
IRRIGATION SYSTEM/MAINTENANCE
Monthly inspection and repairs of irrigation system.
IRRIGATION WELLS
Monthly service and chemicals for well to eliminate rust. The District has contracted Rust-Off, Inc.

Monthly	Annual
Description	Amount	Amount	
Irrigation Wells	$590
Contingency
Total	$7,080
$720	
	$7,800	
LAKES/FOUNTAINS
To record expenses for equipment, supplies, maintenance and contract services for fountains and lakes. The District has contracted The Lake Doctors, Inc. and Fountain Design Group, Inc.

Description	Monthly
Amount	Annual
Amount	
Lake Services Fountain Services
Fountain Quarterly Services @ $250
Contingency	$464
$300	$5,568	
		$3,600	
		$1 ,000	
		$3,032	
Total		$13,200	

5

CHAMPIONSGATE
COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND BUDGET

LIGHTING
Repair and replacement of lighting fixtures throughout the property.
MISCELLANEOUS
To record the cost of any maintenance expenses not properly classified in any of the other accounts.
PAINTING PUBLIC AREAS
To record the cost of painting supplies and contact services for outside areas.
TRAFFIC SIGNALS
To record the cost to maintain all traffic signals per the Traffic Signal Contract.
SIDEWALKS
To record cost to maintain all sidewalks.
SIGNAGE
To record cost to maintain all signs within the District boundaries
TRASH REMOVAL
To record the expenses related to trash and rubbish removal of miscellaneous items, dumpster contract service and hauling of miscellaneous items. The District has the following utility account with Waste Management.

Account#	
Address	Monthly
Amount	Annual
Amount	
4/701 86-52000
Total	8390 ChampionsGate Blvd. Ste.1 04	$263	$3,1 50
$3,1 50	

6

CHAMPIONSGATE
COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND BUDGET

ELECTRIC

Account#	
Address	Monthly Amount	Annual Amount	
79651 93441	81 801 ChampionsGate Blvd Spkl H	$1 ,200	$14,400	
69653 06401	8380 ChampionsGate Blvd Spkl C		$4,200	
24422 35567	8397 ChampionsGate Blvd Spkl F	$1 50	$1 ,800	
12018 72541	8399 ChampionsGate Blvd Spkl E	$625	$7,500	
1 7640 52567	8390 ChampionsGate Blvd TFLT		$600	
02439 43580	8301 ChampionsGate Blvd Spkl D	$275	$3,300	
98090 66401	8300 ChampionsGate Blvd TFLT		$600	
1 3595 39424	8181 1 ChampionsGate Blvd Spkl A	$500	$6,000	
5281 8 71551	0 Championsgate Blvd Spkl G	$200	$2,400	
55298 37013	1 500 Berwick Dr Spkl	$1 00	$1 ,200	
	Contingency		$3,000	
Total			$45,000	

To record cost of electric for projects, such as street lighting, electric for irrigation wells and fountains. The District has the following utility accounts with Duke Energy.

Fountain

$50

$50

WATER/SEWER
To record the cost of running the fountains. The District has the following accounts with Toho Water Authority.

Accou nt#	
Address	Monthly
Amount	Annual
Amount	
25871 90-690090	200 ChampionsGate Blvd	$30	$360	
25871 90-6901 00	100 ChampionsGate Blvd	$20	$240	
	Contingency		$400	
Total			$1 ,000	
SECURITY
To record the expenses for security, contract guard service provided by Osceola Cou nty Sheriff's Office per an agreement with the District. Patrols will be done on Fridays, Saturdays and one other day of choice of the Sheriff's Office during the fiscal year.

7

CHAMPIONSGATE	I COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET

ONSITE MANAGEMENT
Personnel used to maintain the District property. The District has contracted with Rida Associates Limited Partnership.

Description	Monthly
Amount	Annual
Amount	
Onsite Management Services
Total	$12,300	$147,600
$147,600	
MOSQUITO CONTROL
Scheduled maintenance consists of mosquito spraying and larviciding along roadways and paths, and mosquito population monitoring in the form of landing rate counts and light traps. The District has contracted with Clarke Environmental Mosquito Management, Inc.
TRANSFER OUT - CAPITAL RESERVE
Funds transferred out to Capital Reserve for capital outlay expenses.

8

CHAMPIONSGATE
Community Development District

Capital Projects Fund Fiscal Year 2019 

	ADOPTED
BUDGET	ACTUAL
TH RU	N EXT
6	PROJECTED
THRU	PROPOSED
BUDGET	
	FY201 8	3/3 1 /1 8	MONTHS	9/30/1 8	FY2019 	
REVENUES:						
Transfer In	$1 22,907	$0	$1 22,907	$1 22,907	$1 27,907	
Interest	$100	$67	$33	$100	$1 00	

TOTAL REVENU ES	 	$123,007	$67	$1 22,940	$123,007		$1 28,007 I

EXPENDITURES:

Capital Projects - Other

$1 00,000	$79,1 69	$0

$79,169	$1 00,000

TOTAL EXPENDITURES EXCESS REVEN UES
FUND BALANCE - BEGINNING FU ND BALANCE - EN DING 

 	$100,000	$79,169	$0	$79,169	$ 1 00.000 I
 	$23,007	($79,1 02)       $122,940	$43,838	$28,007 j
 	$400,920	$391 ,031	$0	$391,031		$434,869 I
$423,927	$311 ,929	$1 22,940	$434,869	$462 ,876 I

9

CHAMPIONSGATE
Community Development District

Debt Service Fund Series 1 998A Fiscal Year 2019 

	ADOPTED BUDGET	ACTUAL THRU	NEXT 6	PROJ ECTED THRU	PROPOSED BUDGET	
	FY20 18 	3/31 /1 8	MONTHS	9/30/1 8	FY20 19 	

REVENUES:						
Assessments - Tax Collector	$1 ,31 3,480	$1 ,250,840	$62,641	$1 ,31 3,480	$1 ,31 3,480	
Assessments - Prepayments	$0	$0	$0	$0	$0	
Interest Income	$500	$2,084	$1 66	$2,250	$500	
Carry Forward Surplus	$51 2,739	$555,107	$0	$555,1 07	$526,774	

TOTAL REVENUES

 	$ 1 ,826,71 9	$1 ,808,030	$62,807	$1 ,870,837		$1 .a40,1s4 1

EXPENDITURES:

Principal - 5/1	$1 ,1 25,000	$0	$1 ,1 20,000	$1 ,1 20,000	$1 ,1 95,000	
Interest - 5/1	$1 12,031	$0	$1 1 2,031	$1 12,031	$77,031	

Interest - 1 1/1

$1 1 2,031	$1 1 2,031

$1 12,031	$77,031

TOTAL EXPEN DITU RES EXCESS REVENUES

 	$1 ,349,063	$1 1 2,031	$1 ,232,031	$ 1 ,344,063		$1 ,349,063 1
$477,657	$1 ,695,999	($ 1,1 69,225)	$526,774	$491 ,691 I
11 /1 /1 9	$39,688

10 

CHAMPIONSGATE
Community Development District
SERIES 1 998A CAPITAL IMPROVEMENT REVENUE BONDS DEBT SERVICE SCHEDULE

AMORTIZATION SCHEDULE

 	DATE	BALANCE		RATE	PRINCIPAL	INTEREST	TOTAL

05/01/18 	$3,585,000.00	6.250%	$1 ,1 20,000.00	$1 12,031 .25		
1 1 /01 /18 	$2,465,000 .00	6.250%	$0.00	$77,031 .25	$1 ,309,062.50	
05/01 /19 	$2,465,000 .00	6.250%	$1 ,1 95,000.00	$77 ,031 .25		
1 1 /01 /19 	$1 ,270 ,000 .00	6.250%	$0.00	$39,687 .50	$1 ,31 1 ,7 1 8.75	
05/01 /20	$1 ,270,000 .00	6.250%	$1 ,270,000.00	$39,687 .50	$1 ,309,687.50	
			
$3,585,000.00	
$345,468 .75	$3,930,468.75 I	

11 

SECTION VI11

SERVICE QUOTE
DON	BELL
►■■·■ M6# AM
365 Oak Place	INVOICE NO.

Port Orange, Fl. 321 27
386-788-8084
rwiseman@donbellsigns.com

TO	Yvonne Shouey Champions Gate
8390 Champions Gate Blvd Champions Gate, Fl 33896 407-397-2500

DATE CUSTOMER ID EXPIRATION DATE

February 21 , 2018 CHAMP
30 Days

SALESPERSON	JOB	PAYMENT TERMS
Richard Wiseman	Replace neon w/ LED

DUE DATE

QUANTITY	DESCRIPTION	UNIT PRICE	LINE TOTAL	
1234.00	6500K White LED	$	2.94	$	3,627.96	
 	20.00	
430.00	60W Power Supply	47.30	946.00	
	LED Wire	0.86	369.80	

				

			
			
18.00	2 Man Labor	156.00	2,808.00	

			

$	7,751 .76	
SUBTOTAL SALES TAX
TOTAL		

s	7,751 .76

Quotation prepared by: _	 	__	 	_
This is a quotation on the goods named, subject to the conditions noted below: Quotation is valid for 30 days

To accept this quotation, sign here and retum: _

 	_ _

SECTION IX

Rida Associates Limited Partnership ChampionsGate

April 27, 2018

ChampionsGate Community Development District 135 West Central Blvd., Suite 320
Orlando, FL. 32801
Dear Board Members:
This letter is to serve as our written consent that we wish to continue the Management Agreement betweeh Rida Associates Limited Partnership and ChampionsGate Community Developrneht District for the budgetyears ofOctober 1, 2018 through September 30, 2019. We will maintain the property at the current rate of $12,299.84.
Thank you for your conslderatioh to retain our management agreemeht. Sincerely,

8390 ChampionsGate Blvd., Suite 100 • ChampionsGate, Florida 33896 • Tel. (407) 397-2500 • Fax (407) 396-7606

SECTION X

SECTION C

SECTION 1

Champions Gate
Community Development District
Check Run Summary
February 7, 2018 thru April 30, 2018

Fund
General Fund

Capital Reserves

Payroll

Date
2/7/18
2/13/ 18
2/24/18
2/28/18
3/5/18
3/13/18
3/15/18
3/20/18
3/23/18
3/27/18
4/3/18
4/5/18
4/10/18
4/20/18
4/26/18

3/15/18

February 2018 Darin Tennyson Laurence Arseniadis Phillip Montalvo Ronald Root

Check No.'s
4245
4246-4247
4248
4249-4253
4254
4255-4262
4263-4264
4265
4266-4267
4268
4269-4273
4274
4275-4278
4279-4281
4282-4283

37

50280
50281
50282
50283

Amount
$	3,422.14
$	9,196.00
$	21,557.47
$	8,860.71
$	3,488.80
$	30,562.60
$	5,677.22
$	16,072.42
$	587.25
$	255.00
$	13,117.78
$	3,422.20
$	17,848.99
$	30,225.78
$	2,750.00
$	167,044.36

$	3,690.00
$	3,690.00

$	184.70
$	184.70
$	184.70
$	184.70
$	738.80

$	171,473.16 I

A* P* 3* 00R	YEA* R* *-TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER  CHECK  REGISTER	RUN	5/01/18 

PAGE	1

#

CHECK DATES 02/07/2018 - 04/30/2018 

BCAHANMKPAIONCHSGAAMTPEION-SGANTE  ACDLDFUND

CHDAECTKE

VEND#	. • D. A. T. EINVOINCEVO. I• C. E• •   • Y• R• MEXOPENDPSTEDATCOCT.#. . SUB	SUBCLASS  VENDOR  NAME

STATUS

AMOUNT

. . • . CHECK • • . . . AMOUNT

2/07/18 00049 

2/01/18   1M6A9NAGEMEN2T0 1F8E0E2 S3F1E0 -B5181300-34000 
2/01/18   1 I6N9FO  TECH2N0O1L8O0G2 Y3F1E0B-5181300-35100 
2/01/18   1D6 9ISSEMINA2T0I1O8N02FE3E10F-E5B1 31 800-3 1300 
2/01/18   1O6F9FICE  SU2 0PP1 8L0IE2S310-51300-51000 

*	3, 050 .25
*	266.67
*	83 .33
*	1. 11

2/01/18   1P6O9STAGE
2/01/18   1C6O9 PIES

201802 310-51300-42000 
201802 310-51300-42500 

*	19 . 73
*	1. 05

2/13/18 00 135 

- - - - -  - - - - - - - - -  -  -  -  -GO-VERNMENTAL  MANAGEMENT  SERVICES
1/30/18 7210	201801 320-53800-47500	*

9, 000 .00

3, 422 . 14 004245 

- - - -

PRESSURE CLEAN SIDEWALKS	GATOR PRESSURE CLEANING & CUSTOM

9, 000 . 00 004246 

2/13/18 00048 

-  - - - - -  - - -
2/01/18  1   0 -  0	0  8  2	0

- - - - - -
8

*	196. 00

SIGNAL  MAINT  FEB

T8RA2FF0IC3

2  1  0	32 -53 00-47200 
TRAFFIC ENGINEERING &

MANAGEMENT

196 .00 004247 

2/24/18 00073 

2/28/18 00062 

2/23/18 02 2 3 2 018 20 1802 300 -2 0 7 00-10000 

F Y 18  DEBT  SERV  SER 19 9 8A

CHAMPIONSGATE CDD C/0 USBANK 2/15/18  2 5IN2 S7T3ALL  V2 E0N1 8TE0X2  T3R2A0N-S5F3R8MR00-53100 
-  -  -  - - - - - - -  - - - - -  -  - -DO-N  BELL  SIGNS ,   LLC

*	21,557 .47

*	675 .34

*

21,557.47 004248 

675 .34 004249 

2/28/18 00022 

2/28/18 00052 

2/26/18   1F5O4U8N9TAIN2B0O1W8L0 2.CL3E2A0N-5F3E8B0 01-8 46800 
-  -  -  -  -  - - - - - - - - - - - - -FO-UNTAIN
2/01/18   1F6Y2 25 9017  AU2 D0 I1T8 0S1ER3V1 0IC-E5S1300-32200 

DESIGN GROUP , INC .

150 . 00

*	3,800 .00

150 . 00 004250 

3, 800 . 00 004251 

2/28/18 00057 

-  -  - -  - - - - - -  -  -  -  -  -  -  -  -GR-AU  &  ASSOCIATES

-

-

2/14/18 3 5 7438	201802 3 00-	500- 10000 

*	3,801 .75

- - - -

S-EC-U-RIT-Y-D-ETAIL- M-AR-18- -  - -OSCEOLA  COUNTY  SHERIFF

3,801 . 75 004252 

2/28/18 00056 

2/14/18 

55138	201801 320-53800-35100 
MASTERS BLVD REPAIRS-JAN

*	223 .20 
*

2/14/18 55139	201801 320-53800-35100 
CG  BLVD  IRRG REPAIRS  JAN	WEBER ENVIRONMENTAL SERVICES
CHMP CHAMP GATE	TVISCARRA

210. 42

433 . 62 004253 

A* P* 3* 00R	YEA* R* *-TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER  CHECK  REGISTER	RUN    5/01/18 

PAGE	2

CHECK DATES 02/07/2018 - 04/30/2018 

CHAMPIONSGATE - GENERAL FUND BANK A CHAMPIONSGATE CDD

DATE

CHECK    VEND#	. • D• A. T• EINVOINCEVO• I• C. E. •   • Y• R• EMXOPENDPSTEDATCOCT. #. . SUB	SUBCLASS  VENDOR  NAME

STATUS

AMOUNT

A• M. O• U• NCTHECK . . #. . • 

3/05/18 00049 

3/01/18   1M7A0NAGEMEN2T01F8E0E3 S3M1A0R-5181300-34000 
3/01/18   1I7N0FO  TECH2N0O1L8O0G3Y3MA1 0 -R5181300-35100 
3/01/18   1D7 0ISSEMINA2 T0 I1O8N03FE3E1 0M-A5R1 3108 0-31300 
3/01/18   1O7F0 FICE  SU2 P0 P1 8L0IE3 S310-51300-51000 

POSTAGE

3/01/18 170	201803 310-51300-42000 
3/01/18 170	201803 310-51300-42500 

*	3,050 . 25
*	266. 67
*	83 . 33
*	26 .36
*	5.64
*	56 . 55

- - - -

C-O-PIE-S- - - - - - - - - - -GO-VERNMENTAL  MANAGEMENT  SERVICES

3,488 .80 004254 

3/13/18 00099 

3/13/18 00095 

3/13/18 00026 

3/13/18 00105 

3/13/18 00048 

3/13/18 00056 

3/13/18 00057 

3/13/18   3A6R4 2B-IT0R3A-GE2 0S1E8R0 3IES3101-9 9581A300-31200	*
- - - - - - - - - - - - - - - - - -AM-TEC
3/09/18  2B6O2 S9 7M0TG/ S2P0E1E8D02HU3M1P0 -S/5P1K3W0A0Y-31100	*
- - - - - - - - - - - - - - - - - -HA-NSON  WALTER  &  ASSOCIATES ,   INC .
3/01/18 34587 1	201803 320-53800-46800	*

- - - - - - - - - - - - - - -

- - - - WATER MGMT SERVICES MAR18	THE LAKE DOCTORS , INC .
3/02/18   4O3N1 6SI1TE  SE2R0V1 8IC0E3 S3M20A-R5183 800-12000	*

*

- - - - - - - - - - - - - - - - -R-IDA  ASSOCIATES  LIMITED  PARTNERSHIP 2/28/18   1A8 0IR2-F0 2IL8TE2R0 181 04X2 203X2 0l-53800-47200	*
3/01/18   1T8R0A3F-F0I0C2   S2 I0G1N8AL03  MA32 0IN-T5 3M8A0R0-47200 
- - - - - - - - - - - - - - - - -TR-AFFIC  ENGINEERING  &  MANAGEMENT

*

2/27/18   5 5IR2R02IGATIO2N0 1R8E0P2A3IR20-53800-35100	*
3/08/18 55353	201803 320-53800-35100 

*

3/08/18 5	100 

- - - - CAP  BROKEN  LIN-E/RPLC  ROTR	-

REPR MAINLINE-STN26 VALVE 5354	2 018 03 3 20 -53800-35
- - - -  - - -	- - - - - -WEBER ENVIRONMENTAL SERVICES
3/09/18 357504	201803 300-15500-10000	* SECURITY DETAIL APRIL2018	OSCEOLA COUNTY SHERIFF
CHMP CHAMP GATE	TVISCARRA

450 . 00

1,156.25

464 .00

12, 299 . 84

3. 64
196 . 00

280. 85
450 .97
77 .14

3, 552 . 00

450 .00 004255 

1, 156 .25 004256 

464 .00 004257 

12 , 299 . 84 004258 

199 .64 004259 

808 .96 004260 

3, 552 .00 004261 

BANK A CHAMPIONSGATE COD

A*P* 3* 0C0RHECK  DATES   02/07/2018   -  04/30/201Y8EA*R*-*TO-DATECAHACMCOPUIONNTSGAPATEYAB-LGEENPRERAEPALIFDU/CNODMPUTER  CHECK  REGISTER	RUN    5/01/18	PAGE	3

CHDEACTEK    VEND#	• • D• A. T• EINVOINCEVO. I• C• E• •   • Y• R. MEOXPENDPSETDATCOCT. #. . SUB	SUBCLASS  VENDOR  NAME

STATUS	AMOUNT

AM• • O. U• CNHTECK . • #• • • 

3/13/18 00056 

3/15/18 00030 

3/01/18  5L5A2N2D5SCAPE2 0M1A8 0IN3T3M2A0R-5138 800-46200 
- - - - - - - - - - - - - - - - -WE-BER  ENVIRONMENTAL  SERVICES 3/01/18   1R5 E6 V0 7IEW/RE2 S0P1O8N0D2  F3Y1 01 -7 5A1U3 0D0IT-31500 
3/01/18   1C5O6N07F/MTG2P0R1E8P02& 3A1T0T-E5N1D300-31500 
3/01/18 15607	201802 310-51300-31500 

*	11,631 . 91

*

- - - - - - - - - - -11-, 6-3 1-. 9 -1   004262 
655 . 50
*	1, 653 . 00
*	2, 910. 50

- - - -

R-EV-

P-LA-T-S /R-OA-D-CO-NT-RA-CT-S- -CL-ARK  &  ALBAUGH ,   LLP

- - - - - - - - - - -5-, 2-19 -. 0-0   004263 

3/15/18 00113

3/20/18 00073 

3/23/18 00042 

2/24/18   2A0D1M8 0IN95FEE2 0F1 8Y0128  T3A1X0 -R5O1L3L00-49200 

ANNUAL  PROCESS ING  FEE

2/24/18 2018095	2018 0 2 310-51300-49200 
OSCEOLA CTY , PROPERTY APPRAISER 3/20/18   0F3Y2 0182 0D1E8BT2 0S1E8R0V3   S3E0R0 -129 9087A00-10000 
CHAMPIONSGATE COD C/0 USBANK
3/09/18 786984	201903 320-53800-47300 

*	413.22
*	45 . 00

*

- - -  - - - - - - - - -45-8 -.22- 16, 072 .42

*

- - - - - - - - - - -16-, 0-72 -.42- 337 .25

004264 

004265 

- - - -

R-EP-LA-CE-

D-

POLE/LAMP
- - - - - - -

-AL-L  STATES  LIGHTING,   INC

- - - - - - - - - - - -3-37 -.2 -5   004266 

3/23/18 00129 

3/27/18 00022 

3/06/18   1REV. AMORT20 518/013PR3E1P0A-Y5M1E3N0T0-31300 
- - - - - - - - - - - - - - - - - -D-ISCLOSURE  SERVICES ,   LLC
3/19/18   1R5E1 4IN3ASTALL2 0F1O8U0N3TA3 2IN0 -J5E3T800-46800 

*	250 .00

*

- - - - - - - - - - - -2-50 -.00- 105 .00
*

004267 

4/03/18 00042 

4/03/18 00003 

3/26/18   1F5O1U7N3ATAIN2B0O1W8L03CL3E2A0N-5M3A8R0 01-8 46800 
- - - - - - - - - - - - - - - - -FO-UNTAIN  DESIGN  GROUP ,   INC . 3/27/18   7C8L7R1 2/R4ESET2 0T1I8M0E3R3/L2A0M-P5 3S8T0R0P-47300 
- - - - - - - -  - - - - - - - - -AL-L  STATES  LIGHTING ,   INC
2/13/18   6D-E0L8I7V-E1R8Y2 0 21 8/ 06 /31 81 0-51300-42000 

150 . 00
- - - - - - - - - - - -2 5-5 -. 0-0   004268 
*	171 .50

*

- - - - - - - - -  - - -1-7 1 -.5-0   004269 
200.44

4/03/18 00022 

- - - - - - - - - - - - - - - - - -FE-DEX

*	- - - - - - - - - - - -2-00-.44-

004270 

3/30/18   1Q5T2R3L2AY  FOU2N0T1A8 I0N3

C3L2E0A-N5I3N8G00-46800 
FOUNTAIN DESIGN GROUP , INC.
CHMP CHAMP GATE	TVISCARRA

250. 00

250 . 00 004271 

BANK A CHAMPIONSGATE COD

#

A*P*3*0C0RHECK  DATES   02/07/2018   -   04/30/201Y8EA* R* *-TO-DATECAHACMCPOUIONNTSGAPATEYAB-LGEENPERREAPALIDFU/CNODMPUTER  CHECK  REGISTER	RUN	5/01/18	PAGE	4

CDHAECTKE    VEND#	• . D. A• T. EINVOINCEVO• I• C• E• .    • Y. R• MEXOPENDPSTEDATCOCT. #. . SUB	SUBCLASS  VENDOR  NAME

STATUS	AMOUNT	AM• • O• U. CNTHECK • • • . • 

4/03/18 00105 

4/03/18 00048 

4/05/18 00049 

4/03/18   4O3N1 9SI3TE  SE2R0V1 8IC0E4 S3A2P0R-5183800-12000 
- - - - - -  - - - -  -  -  -  - - - -R-IDA  ASSOCIATES  LIMITED  PARTNERSHIP
4/02/18   1T8RA04-F0F0IC4   S2 I0G1N8A0L4  M3A2I0N-T5 3A8P0R0-47200 
- -  -  -  -  - - - - - - - - - - - -TR-AFFIC  ENGINEERING  &  MANAGEMENT 4/02/18 171	201804 31 0-51300-34000 

4/02/18	1	3	0-35 100 

MANAGEMENT FEES APR18
1I7N1 FO  TECH2N0OL8O0G4Y  A1P0R-518130 
4/02/18   1D71ISSEMINA2 0T1IO8N04FE3E1 0A-P5R1 31800-31300 
4/02/18   1O7 F1 FICE  SU2P0 P1 8L0IE4 S310-51300-51000 

*	12 ,2 99. 84
- - - - - - - - -  -  -12-, 2-9 9-.8-4   004272 
*	196 . 00

*

- - - - - -  -  -  -  - - -1-96 -. 0-0   004273 3, 050 .25
*	266 . 67
*	83 .33
*
*

4/02/18   1P7O1STAGE  201804   310-51300-42000 

21.41 

4/10/18 00030 

4/10/18 00026 

4/10/18 00057 

- - - - - - -  - -  -  - - -  - - - -GO-VERNMENTAL  MANAGEMENT  SERVICES 4/03/18   1L5A6U6R7 A  LAN2E0 1E8A0S3E3/R1D0-T5R1 3SN0F0R-31500 
-  -  -  -  -  -  - - - -  - - - - -  - - -CL-ARK  &  ALBAUGH ,   LLP 4/01/18   3W5A1 4TE0R2  MGM2T01S8E0R4 V3IC2 E0S-5A3P8R0 01-84 6800 
- - - - - -  - - - -  -  - -  -  -  -  - -TH-E  LAKE  DOCTORS ,   INC .
4/05/18  3S5E7C6U0R0 ITY2D0E1T8A0 4IL3M0A0Y-1 58 500-10000 

- -  - - -  - -  -  -  - -3 -, 4-22 -. 2-0   004274 
*	1, 034 .00
-  -  -  - - - -  - - - -1-, 0-34 -. 0-0   004275 
*	464 . 00
-  - - - -  - - - -  - -  -4 -64 -. 0-0   004276 
*	3, 811.00

4/10/18 00056 

- - - -  - - - - -  -  - -  -  -  -  - -OS-CEOLA  COUNTY  SHERIFF 4/01/18   5L5A4N4D7SCAPE2 0M1 A8 0IN4T3A2 0P-R5183800-4 6200 
4/02/18  5R5P5R70LAT . L2 0IN1E8 0/R4PL3C20B-R5K3N80H0D-35 100 
4/02/18   5R5P5L7C3  BROK2E0N1 8H0E4AD3S2 0R-O5A3D8W0A0-Y35100 

- - - - -  -  - - - -  -3-, 8-1 1-.00- 11, 631 .9 1

*

*	268.82
*	639 .26

004277 

4/20/18 00073 

4/20/18 00043 

-  - - - -  -  - - -  -  - - - - -  -  -WE-BER  ENVIRONMENTAL  SERVICES 4/19/18   0F4Y1 91280D1E8BT2 0S1E8R0V4   3SE0R0 -1 929087A00-10000 
-  -  -  -  -  - - -  - - - - - - -  -  -CH-AMPIONSGATE  COD  C/0  USBANK

3

4/02/18   221X12 5'   C2G0C1U8S0T4OM3 2F0L-A5G3S800-49100 
FLAG WORLD, INC
CHMP CHAMP GATE	TVISCARRA

-  -  -  - - - - - - -  -12-, 53-9 -. 9-9   004278 
*	28,8 99 . 78
- - - -  -  -  - - -  - -2 8-, 8-9 9-.7 -8   004279 
*	1, 076.00
1,076.00 004280 

A*P* 3* 0C0RHECK  DATES  02/07/2018  -  04/30/201Y8EA*R*-*TO-DATECAHACCMOPUIONNTSGAPATYEA-BLGEENPERREAPALIFDU/NCDOMPUTER  CHECK  REGISTER	RUN    5/01/18 

#

BANK  A  CHAMPIONSGATE  CDD

PAGE	5

CHDEACTKE    VEND#	. . D• A. T. EINVOINCVEO. I• C• E• •   • Y. R. MEXOPENDPSTEDATCOCT. #. . SUB	SUBCLASS  VENDOR  NAME	STATUS

AMOUNT

AM. . O. U. CNHTECK• . . • • 

4/20/18 00095 

4/26/18 00022 

4/10/18  2P6A3 V4 1IN9G  CO2 0. M1 T8G0 /3RE3P1A0V-E5/1D3R0V0E-3 1100	*
- - - - - - - - - - - - - - - - - -HA-NSON  WALTER  &  ASSOCIATES,   INC .
4/25/18 15401A	201804 320-53800-46800	*

250 . 00

150 . 00

250 . 00 004281 

- - - - - - - - - - - - - -

POBLOCKI SIGN COMPANY , LLC

-

- - - -

FOUNTAIN BOWL CLEAN APR18	FOUNTAIN DESIGN GROUP , INC .
*

150 . 00 004282 

4/26/18 00132 

4/18/18   9D6E0C3O1R. STR2E0E1T8 0/S4TO3P2S0G-N5 3I8N0S0T-53100 
TOTAL FOR BANK A TOTAL FOR REGISTER

2, 600 .00

167 , 044 .36
167, 044 .36

2,600 .00 004283 

CHMP CHAMP GATE	TVISCARRA

BANK B CHAMPIONSGATE COD

A*P* *3 0C0HRECK  DATES   02/07/2018  -   04/30/201Y8EA*R*-*TO-DATECAHACMCOPUIONNTSGAPATYEA-CBALEPITPARLEPAREIDSE/RCVOMEPUTER  CHECK  REGISTER
CHDAECTKE    VEND#	. . D. A. T. EINVOINCEVO• I. C. E. •   • Y• R• EMXOPENDPSETDATCOCT. #. . SUB	SUBCLASS  VENDOR  NAME	STATUS 3/15/18   00008		2/23/18   2F9I3E7L8D1  COR2E01 8&0M2OT3-1M0A-S5T1E3R0S0-31100			*
2/23/18   2G9E3O7 8MA1   STE2R0 S1 8B0L2VD31A0N-A5L1 3Y0S0I-S3 1100	*
UNIVERSAL ENGINEERING SCIENCES
TOTAL FOR BANK B TOTAL FOR REGISTER

RUN	5/01/18
AMOUNT 1,600 . 00
2,090 .00

3,690 .00
3,6 90 . 00

PAGE	1

#

. • . . CHECK . . . . . 
AMOUNT

3,690.00 000037 

CHMP CHAMP GATE	TVISCARRA

SECTION 2

•	•	•

•	•	•	•

ChampionsGate
Community Development District

•	•	•	•

Unaudited Financial Reporting April 30, 2018 

•	•	•	•	•	•	•	•	•	•	•	•

Table of Contents

 	Balance Sheet

 	General Fund Incom e Statement

 	Debt Service Fund Income Statement

Capital Projects Income Statement

 	Month to Month

 	Long Term Debt Summary

Assessment Receipt Schedule

ASSETS
Cash

CHAMPIONSGATE
COMMUN ITY DEVELOPMENT DISTRICT
Balance Sheet - All Fund Types and Accounts G roups April 30, 201 8

I

 	Governmental Fund Tlees	
General	Debt Service	Capital  Projects	Totals Fund		Fund		Fund		2018
$541 ,1 74	------	---	$541 ,1 74

Operating Account Custody Account

$5,396

---	$5,396

Investments Reserve -A Prepayment - A Revenue
Capital Reserves

---	$1 ,337,656	---	$1 ,337,656
---	$2,767	---	$2,767

---

---	$434,848---	$434,848

---	$1 ,722,64--5-	---	$1 ,722,645

$15 

$15 

$3,81 1	$3,81 1

Prepaid Expense
Due from General Fund

---

---

TOTAL ASSETS	II	$550,381	$3,063,083	$434,848	$4,048,31211

LIABILITIES
Accounts Payable Due to Debt Service
Fund Egu itll and Other Cred its Restricted for Debt Service Assigned for Capital Projects Unassigned
TOTAL LIABILITIES & FUND

$553	---	---	$553

$15 

---	---

---	$3,063,083	---	$3,063,083

---

---	---	$434,848	$434,848
$549,813	---	$549,813 

EQUITY & OTHER CREDITS	II	$550,381	$3,063,083	$434,848	$4,048,31 211

ChampionsGate
�2mm1.1alb C!evelsu;!meat Dlstri!;;t General Fund
Statement of Revenues & Expenditures For Period Ending April 30, 2018 
General Fund	Prorated Budget	Actual

Revenues:		
Special Assessments	$731 ,679	$731 ,679	$712,893	($18,786)	
Interest	$0	$0	$34	$34	

 	Bud et		Thru 4/30/18	Thru 4/30/18	Variance	

!$1 8,752)

Total Revenues	 	$731 ,679	$731 ,679	$712,927	 Expenditures:
Administrative
Supervisors Fees	$6,000	$3,000	$1 ,800	$1 ,200
FICA Expense	$459	$230	$1 38	$92
Engineering	$1 0,000	$5,833	$1 ,938	$3,896
Attorney	$22,500	$1 3,125	$1 0,698	$2,427
Annual Audit	$4,400	$4,400	$3,800	$600
Management Fees	$36,603	$21 ,352	$21 ,352	$0
Information Technology	$3,200	$1 ,867	$1 ,867	($0)
Collection Agent	$5,000	$5,000	$5,000	$0
Trustee Fees	$4,337	$4,337	$4,337	$0
Arbitrage Rebate	$600	$600	$450	$150

Dissemination	$1 ,250	$1 ,250
Telephone	$100

$417 
$17	$41

Postage	$1 ,200	$700	$468	$232

$583
$875

Insurance	$7,400	$7,400	$6,710	$690

Printing & Binding	$1 ,000
Legal Advertising	$1 ,500
Other Current Charges	$250	$146
Property Appraiser Fee	$400	$458

$148	$435

$675

$200
$144
$0

$53

Property Taxes	$15	$15	$0

Dues, Licenses, Subscriptions	$175	$175	$175	$0	
Total Admninlstrative	$1 06,639	$71 ,550	$60,442	$11,108	

Office Supplies	$250	$146

$15 

$93

Maintenance
Property Insurance	$26,000	$26,000	$23,547	$2,453
Landscape Maintenance Contract	$1 39,583	$81 ,423	$81 ,423
Landscape Miscellaneous	$8,000	$4,667	$1,117	$3,550
Irrigation System/Maintenance	$1 5,000	$8,750	$5,001	$3,749
Irrigation Wells	$7,800	$4,550	$0	$4,550
Lakes/Fountains	$1 3,200	$7,700	$6,31 3	$1 ,387
Lighting	$1 0,000	$5,833	$4,590	$1 ,243
Miscellaneous	$2,000	$1,167	$1 ,076	$91
Painting Public Areas	$600	$350	$545	($ 195)
Traffic Signals	$8,000	$4,667	$1 ,964	$2,703
Sidewalks	$1 0,000	$5,833	$9,000	($3,167)
Signage	$5,000	$2,917	$5,752	($2,836)
Trash Removal	$2,750	$1 ,604	$1 ,836	($232)
Electric	$53,000	$30,917	$1 8,710	$12 ,206
Water/Sewer	$1 ,000	$583	$87	$496
Security	$45,000	$26,250	$24,596	$1 ,654

$4,433

Onsite Management	$1 47,600	$86,100	$86,099	$1
Mosquito Control	$7,600	$1 ,870	$2,563
Transfer Out - Capital Reserve	$1 22,907	$1 22,907	$1 22,907	$0
Total Maintenance	 	$625,040	$426,651	$396,433	$30,218

$7311679

Total Expenditures	$498,201	$456,875	$41 ,326
Excess Revenues (Expenditures)	$0	 		$256,052
Fund Balance - Beginning	 	$0	$293,761	

Fund Balance - Ending

$0	$549,813 
2

ChampionsGate
Co mmunty Develo p men[listrict

Debt Service Fund - Series 1 998A Statement of Revenues & Expenditu res For Period Ending April 30, 2018 

Revenues:

Debt Service	Prorated Budget Bud et		Thru 4/30/1 8

Actual Thru 4/30/1 8

Variance

Special Assessments	$1 ,31 3,480	$1 ,31 3,480	$1 ,279,755		
Interest	$500	$292	$2,597	$2,305	
Total Revenues	$1 ,31 3,980	$1 ,31 3,772	$1 ,282,351	($31 ,420)	

Expenditures:					
Interest - 11 /1	$1 1 2,031	$1 1 2,031	$1 1 2,031	$0	
Principal - 5/1	$1 ,1 25,000	$0	$0	$0	
Interest - 5/1	$1 12 ,031 	$0		$0	
Total Expenditures	$1 ,349,062	$1 1 2,031	$1 1 2,031	$0	

Excess Revenues (Expenditures)		 		$1 ,1 70,320 		
Fund Balance - Beginning	$51 2,739		$1 ,892,763	
				
Fund Balance - Ending	$477,657		$3,063,083	

3

ChampionsGate
Community Development District
Capital Projects Fund Statement of Revenues & Expenditures

$58

For Period Ending April 30, 2018 

	Capital Re&Brves	Prorated Budget	Actual	
	 	Budget	Thru 4/30/18	Thru 4/30/18	Variance		
Revenues:		
Transfer In	$1 22,907	$1 22,907	$1 22,907	$0	
Interest	$100	$79	$20	
Total Revenues	 	$123,007	$122,965	$1 22,986		
Expenditures:		
Capital Projects - Other	$1 00,000	$58,333	$79,169	
Total Expenditures	 	$100,000	$58,333	$79,169	($20,836)	
Excess Revenues (Expenditures)	 	$23,007	$43,81 7		
Fund Balance - Beginning	 	$400,920	$391,031		
Fund Balance - Ending	 	$423,927	$434,848		

4

l!!nm!n;

ChampionsGate COD
Ocl 17	Nov-17	Dec-1 7	Ja�1a	Feb-18	Mar-18	�r-1 8

Jun-18	Jul-18	A�-18	Sep.18	Total

Special Assessments	$0	$64,606	$594,105	$17,113	$12,009	$8,953	$16,107	$0	$0	$0	$0	$0	$71 2,893

$5

$34

Interest	$4	$4	$4

$6	$6	$0

$0	$0	$0

Total Revenues	$4	$64,610	$594,1 10
Expenditures:
�

$12,014	$8,958	$16,114	!O	$0	$0	$0	$0	$712,927

Supervisors Fees	$0	so	$1 ,000	$0	$800	so	so	$0	$0	so	$0	$0	$1 ,800

FlCA Expense	$0	$0

$0	$61	so	so

$0	so	$0	$0	$138

Engineering	$0	$0	$531	$0	$1,156	$250	$0	so	$0	$0	$0	so	$1,938
Attomoy	$1 16	$0	$1,055	$3,275	$5,219	$1 ,034	$0	$0	$0	$0	$0	$0	$10,698

Annual Audil	$0	$0	$0	$3,800	$0

$0	$0	$0	$0	$0	$0	$3,800

Management Fees	$3,050	$3,050	$3,050	$3,050	$3,050	$3,050	$3,050	$0	$0	$0	$0	$0	$21 ,352
lnfonnation Technology	$267	S267	S267	$267	$267	$267	$267	$0	$0	$0	so	so	$1 ,867
Colection Agent	$5,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	so	$5,000

$4,337

Trustee Foes	$0	$0

$0	so	$0	$0	$0	$0	$0	so	$0	S4,337

$83

Arbitrage Rebate	$0

$0	$0	$0	$450	$0	$0

$0	$0	$0

Disseminl!lllion

$83	$83	$83

$83	$0	$0	$0	$0	$0

$83

Telephone	$0	$0	$0	$17	$0	$0	$0	$0	$0	$0	$0	$0	$17 

Postage	$12

$191	$9	$220	$6	$21

$0	$0	$0	$0	$468

Insurance	$6,710	$0	$0	$0	so	$0	$0	$0	$0	so	so

$6,710

$57

Prinling & Binding

$10 

S1	$0	$0	$0	so	$0	$0	$148

Legal Advertising	$0	so	S200	so	$0	so	$0	$0	$0	so	$0
Other Cunent Charges	$0	$2	$0	$0	$0	so	so	$0	$0	$0

$200
$0	$2

Property Appraiser Fee	$0

$0	$0	$458	$0	$0	$0	$0	$0	$0

Property Taxes	$0	$0	$0	$0

so	$0	$0	$0	$0	$0	$0	$0

Office Supplies	$1	S1	$0	$23	$1	$26	$1	$0	$0	$0	$0	$0

Dues, Licenses, Subscriptions

so	$0	so

$0	so	$0	$0	$0

$0	S175

Total Administrative	S1 5,.Cl1	$3,420	S10,795	$10,577	$11,317	$5,473	$3,422	$0	$0	$0	$0	$0	$60,442

�

Property Insurance	$23,547	$0	$0

so	$0	$0	$0	$0	$0	$0	$0	$23,547

Landscape Maintenance Contract	$11,632	$11,632	$1 1 ,632	$11 ,632	$11,632	$1 1 ,632	$11 ,632	$0	$0	$0	$0	$0	$81,423

Landscape Miscellaneous	$300	$0	$600	$217	$0

$0	$0	$0	$0	$0

$1,117

Irrigation System'Malnlenance	$188	$581	$672	$1,842	$281	S528	$908	$0	so	so	$0

$5,001

Irrigation Weis	so	$0	so	so	$0	so	so	$0	$0	so	$0	$0	$0
Lakes/Fountains	S614	S614	S1,384	S614	S614	$969	$1 ,504	$0	so	$0	$0	so	$6,313
Lighting	$0	$3,433	$90	$896	so	$172	$0	$0	$0	$0	so	so	$4,590

Miscellaneous	$0	so	$0	$0	$0	$0	$1 ,076

$0	$0	$0	$0	$1 ,076

Painling Public Areas	$0	$0

$0	$0	$0	$0

$0	$0	$0	$0

Sidewalks	so	$0	so

Traffic Signals	$196	$196	$784	$196	S200	S196	$196	$0	$0	so	so	$0	$1 ,964
$9,000	so	$0	so	$0	$0	so	$0	$0	$9,000
Signage	S923	so	$1,554	so	$675	$0	$2,600	$0	$0	so	so	so	$5,752

Trash Removal	$252	$252	$254	$257

$259	$302	$0

$0	$0	$0	$1,836

EJectric	$1 ,868	$1,935	$2,219	$2,296	$3,365	$3,371	$3,616	$0	$0	$0	$0	$0	$18,710

Water/Sewer	$14	$10	$12	$11	$12	$16	$12	$0	$0

$0	$0	$87

Security

$3,885	$2,535	$3,552	$3,552	$3,802	$3,552	$0	$0

$0	$0	$24,596

Onsite Management	$12,300	$12,300	$1 2,300	$12,300	$12,300	$12,300	$12,300	so	$0	$0	so	so	$86,099

Mosquito Control

$0	$0	so	$0	$0	$0	$0	so	$0	so	S1 ,870

Transfer Out - Capital Reserve	$0	$0	so	so	$0	so	S122,907	$0	$0

$0	$0	$122,907

Total Maintenance	$56 507	S35 773	$34 581 	$42 B13	S32 910	$33 244	$160 605	$0	$0	$0	so

$396 433

Total   Upandituraa	S71 945	S39 193	$45 376	$53,390	$44.227	$3B 717	S164 028	$0	so

so	so	$456 875

Excess RavenuH (E•pendltures)	(!7119,1)	$25,417	$54B,734 	1$36,2731	1$32,2131 	{$147,9141	so	so	so	$0	so	S256,052

5

ChampionsGate
Commun ity Development District
LONG TERM DEBT REPORT

SERIES 1 998A, CAPITAL IMPROVEMENT REVENUE BONDS

INTEREST RATE :	6.25%	
MATURITY DATE :	5/1 /2020	
RESERVE FUND DEFINITION	MAXI MUM ANNUAL DEBT SE RVICE	
RESE RVE FUND REQUIREMENT	$1 ,337,656	
RESE RVE FUND BALANCE	$1 ,337,656	
BONDS OUTSTANDING - 9/30/1 3	$7,765,000	
LESS: PRINCIPAL PAYMENT 5/1 /14 	($915,000)	
LESS: PRINCIPAL PAYMENT 5/1 /15 	($970,000)	
LESS: PRINCIPAL PAYMENT 5/1 /1 6	($ 1 ,035,000)	
LESS: SPECIAL CALL 5/1 /1 6	($40,000)	
LESS: SPECIAL CALL 1 1 /1 /16 	($75,000)	
LESS: PRINCIPAL PAYMENT 5/1 /1 7	($ 1 ,075,000)	
LESS: SPECIAL CALL 5/1 /17 	($70 0001	
CURRENT BONDS OUTSTANDING	$3 585,000	

6

CHAMPIONSGATE
COMMUNITY DEVELOPMENT DISTRICT SPECAL ASSESSMENT RECEIPTS • FY2018 TAX COLLECTOR
Gross Assessments   $     2,167,870   $	775,581    $	1,392,289
Net Assessments   $     2,037,797    $	729,046     $	1,308,751
1998A
Date	Gross Assessments	Discounts/	Commissions	Interest	Net Amount	General Fund	Debt Svc Fund	Total
     Received           Dist.	Received	Penalties	Paid	Income	Received	35.78%	64.22%	100%
11/6/17	ACH	$	6,711.54   $	355.94   $	127.11   $	$	6,228.49   $	2,228.32   $	4,000.17   $	6,228.49
11/24/17	ACH	$	185,326.35   $	7,412.76   $	3,558.27   $	$   174,355.32   $	62,377.66   $   111,977.66   $   174,355.32
12/15/17	ACH	$	646,767.65    $     25,868.75    $    12,417.98   $	$   608,480.92    $	217,691.19    $    390,789.73    $   608,480.92
12/28/17	ACH	$	1,115,708.76    $     42,099.91    $    21,472.17   $	$ 1,052,136.68   $	376,414.25   $   675,722.43   $ 1,052,136.68
1/16/18	ACH	$	49,842.64    $	1,488.11   $	967.11   $	$     47,387.42    $	16,953.41   $	30,434.01    $	47,387.42
1/26/18	ACH	$	$	$	$	444.71   $	444.71    $	159.10   $	285.61   $	444.71
2/15/18	AO-I	$	35,009.68    $	758.51   $	685.02   $	$     33,566.15    $	12,008.68    $     21,557.47   $	33,566.15
3/9/18	ACH	$	25,801.94   $	265.58   $	510.73   $	$     25,025.63    $	8,953.21    $     16,072.42   $	25,025.63
4/13/18	ACH	$	42,771.35   $	$	855.43   $	$     41,915.92    $	14,995.91    $     26,920.01    $    41,915.92
4/13/18	ACH	$	3,145.52   $	$	62.91   $	$	3,082.61   $	1,102.84   $	1,979.77    $	3,082.61
4/25/18	ACH	$	$	$	$	23.79   $	23.79   $	8.51   $	15.28   $	23.79

	$	$	$	$	
	$	$	$	$	
	$	$	$	$	
	$	$	$	$	
	$	$	$	$	
		$	$	$	$	

$	$	$	$	$	$	$	$
$	$	$	$
$	$	$	$
$	$	$	$
$	$	$	$
$	$	$	$
$	$	$	$
Totals	$	2,111,085.43    $     78,249.56    $     40 656.73   $	468.50   $ 1,992,647.64   $	712,893.09 $ 1,279,754.55 $ 1,992,647.64

7

SECTION 3

MARY JANE ARRINGTON
OSCEOLA COUNTY SUPERVISOR OF ELECTIONS

April 17, 201 8

Ms. Stacie Vanderbilt Administrative Assistant
ChampionsGate Community Development District 135 W. Central Blvd.
Suite 320
Orlando, FL 32801

RE:	ChampionsGate Community Development District - Registered Voters Dear Ms. Vanderbilt:
Thank you for your letter of April 1 2, 2018 requesting confirmation of the number of registered voters within the ChampionsGate Community Development District as of April 15, 2018.
The number of registered voters within the ChampionsGate CDD is 1 ,036 as of April 15, 201 8.

?>tg·�

If I can be offurther assistance please contact me at 407}42.6000. Respectfully yours,

Mary Jane Arrington
Supervisor of Elections	]ID lb�JI: l..N' lb �
hi   APR 1 9 2018	illJ
BY· -------------

2509 East Irlo Bronson Memorial Highway • Kissimmee, FL 34744 407 .742. 6000 • Fax: 407. 742.6001 • ww,v.voteosceola. com

SECTION 4

2018 SPECIAL DISTRICTS QUALIFYING PROCEDURE

Florida Statute 99.061
All special district candidates shall qualify by paying a filing fee of $25.00 or by the petition process pursuant to Florida Statute 99.095. Notwithstanding Florida Statute 106.021, a Special District candidate who does not collect contributions and whose only expense is the filing fee or signature verification fee is not required to appoint a campaign treasurer or designate a primary campaign depository.
Candidates who WILL NOT incur election expenses or contributions will do the following:
If you choose to file by petition method, you need to collect 25 signatures of qualified electors in the district.
Petitionsmusthe submittedbyNoon on May 21, 2018.
Qualifying begins at Noon on June 18 and ends atNoon on Tune 22, 2018. To qualify you must present the items listed below (all items MUST be received by the end of the qualifying period):
Form 1 - Statement of Financial Interest
Loyalty Oath/Oath of Candidate
The amount of $25.00 for your qualifying fee.
Candidates filing by the petition method are not required to pay the qualifying fee, however, will be charged .10 for each petition card viewed

Candidates who WILL incur election expenses or contributions will do the following:
File Appointment of Campaign Treasurer/Designation of Campaign Depository (open campaign account). This may be completed at any time prior to qualifying, but MUST be completed by the time you qualify.
Read Chapter 106 of the Florida Statutes, and submit a Statement of Candidate.
Ifyou choose tofile by petition method, you need to collect 25 signatures of qualified electors in the district.
Petitions must he submitted byNoon on May21, 2018.
Qualifying begins at Noon on lune 18 and ends at Noon on June 22,2018. To qualify you must present the items listed below (all items MUST be received by the end of the qualifying period):
Form 1 - Statement of Financial Interest
Loyalty Oath/Oath of Candidate
Checkfor $25.00, from your campaign account made payable to the Supervisor of Elections, for your qualifying fee. NO CASH WILL BE ACCEPTED.
Candidates filing by the petition method are not required to pay the qualifying fee, however, will be charged .10 for each petition card viewed.

SECTION 5

REBATE REPORT
ChampionsGate Community Development District
Capital Improvement Revenue Bonds
$14,205,000 Series 1998A
$7,580,000 Series 1998B

Dated: December 1, 1998
Delivered: December 21, 1998

Rebate Report to the Computation Date December 20, 2018
Reflecting Activity To December 31, 2017

AMTEC

TABLE OF CONTENTS

AMTEC Opinion	3
Summary ofRebate Computations	4
Summary of Computational Information and Definitions	5
Methodology	7
Sources and Uses	8
ProofofArbitrage Yield	9
Bond Debt Service	11 
Arbitrage Rebate Calculation Detail Report - Bond Proceeds	13
Arbitrage Rebate Calculation Detail Report - Rebate Computation Credits	25

!■ ■ Ii

l i \ AMTEC
American Municipal True-Exempt Complian
March 13, 2018 ChampionsGate Community
Development District
c/o Ms. Teresa Viscarra
Governmental Management Services-CF, LLC 1412S Narcoossee Road
St. Cloud, FL 3477 1

90 Avon Meadow Lane Avon,  CT   06001
(T)  860-321-7521
(F) 860-321 -7581
www.amteccorp.com

Re:	ChampionsGate Community Development District, Capital hnprovement Revenue Bonds,
$14,205,000 Series 1998A & $7,580,000 Series 1998B

Dear Ms. Viscarra:

AMTEC has prepared certain computations relating to the above referenced bond issue (the "Bonds") at the request ofthe ChampionsGate Community Development District (the "District").

The scope of our engagement consisted ofpreparing 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 futemal Revenue Code of 1986 (the "Code"), as amended, 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. fu 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 ofcalculating the Rebatable Arbitrage.

We have scheduled our next Report as of December 31, 2018. Thank you and should you have any questions, please do not hesitate to contact us.

Very truly yours,

Michael J. Scarfo Senior Vice President

SUM1\1ARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the December 20, 2018 Computation Date
Reflecting Activity from December 21, 1998 through December 31, 2017 

Fund		Taxable		Net	Rebatable Description	Investment Yield	Income	Arbitraee
Bond Proceeds	3.688584%	$1 ,603,000.34	$(2,909,289. 13) 

Summary
Bond Yield	6.244929%	
Taxable Investment Yield	3.754065%	
Rebatable Arbitrage	$(2,909,289.13) 	
Rebate Computation Credits	(45.840.55)	
Net Rebatable Arbitraee	$(2,955,129.68)	

Based upon our computations, no rebate liability exists.

4

SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION
For the purpose of computing Rebatable Arbitrage, investment activity is reflected from December 21, 1 998, the date ofthe closing, to December 31, 2017, the Computation Period. The activity from December 21, 1998 through November 30, 2009 was taken from the Grau & Associates rebate report dated May 13, 2010. All nonpurpose payments and receipts are future valued to the Computation Date ofDecember 31, 2017.
Computations ofyield 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 purposes of computing Rebatable Arbitrage, interest earnings and yield. the value of investments, outstanding and subject to rebate at the end ofthe Computation Period, was as follows:
Reserve A Fund	Value	Accrued Interest	Totals
- Money Market	$1,337,656.25	�227.22	$1 ,337.883.47
Totals	$1,337,656.25	$227.22	$1,337,883.47

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 1, 2009 and December 31, 2017, the District made periodic payments into the Interest, Sinking and Prepayment Funds 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 ofrevenues 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 I/12th of the principal and interest payments on the issue for the immediately
preceding bond year.
We have reviewed the Interest, Sinking and Prepayment Funds and have determined that the funds deposited have functioned as a bona fide debt service fund and are not subject to the rebate requirement.

5

DEFINITIONS
Computation Date
December 20, 2018.
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 yearthat is selected by the Issuer. Ifno day is selected by the Issuer before the earlier of the final maturity date ofthe issue or the date that is five years after the date of issue, each bond year ends at the close ofbusiness on the anniversary date ofthe issuance.
Computation Period
The period beginning on December 21, 1998, the date ofthe closing, and ending on December 31, 2017.
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 ofthe issue price ofthe Bonds. Present value is computed as ofthe date ofissue ofthe 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 ofthe investment at the time it became a nonpurpose investment.
Issue Price
The price determined on the basis ofthe 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 ofthe 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.

6

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

Fund	Account Number	
Acquisition & Construction	6718041	
Revenue	6718013 	
Interest	671 8000	
Reserve A	6718012	
Reseive B	6718025	
Sinking	791 3265	
Prepayment	6718065	

Bond Yield

METHODOLOGY

The methodology used to calculate the bond yield was to determine the discount rate that produces the present value ofall payments ofprincipal and interest through the maturity date ofthe Bonds.
Investment Yield and Rebate Amount
The methodology used to calculate the Rebatable Arbitrage, as of December 31, 2017, was to calculate the future value of the disbursements from all funds, subject to rebate, and the value ofthe remaining bond proceeds, at the yield on the Bonds, to December 20, 2018. This figure was then compared to the future value ofthe deposit ofbond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on December 20, 2018, is the Rebatable Arbitrage.

7

ChampionsGate Community Development District
Capital Improvement Revenue Bonds
$14,205,000 Series 1998A
$7,580,000 Series 1998B
Delivered: December 21, 1998

Par Amount
Ori2U1al Issue Discount Accrued Interest

Sources ofFunds

Total

Uses ofFunds

$21,785,000.00
-206,817.75
73.326.25
$21,651,508.50

Acquisition & Construction Fund	$1 6,659,417.09	
Costs oflssuance	145,000.00	
Capitalized Interest	2,232,891.41	
Underwriter's Discount	435,700.00	
1998A Reserve Account	1.420,500.00	
1998B Reserve Account		758.000.00	
	Total	* $21,651,508.50	

*		Our computed available proceeds, $21 ,65 1 ,508.50, is different from the prior consultant's starting balance of$21 ,680,791.50.  We believe that they computed the incorrect original issue discount, resulting in a difference of$29,283. This difference is minimal and will not cause a liability to exist.

8

PROOF OF ARBITRAGE YIELD
ChampionsGate Community Development District
Capital Improvement Revenue Bonds
$14,205,000 Series 1998A
$7,580,000 Series I 998B

Present Value to 12/21/1998
Date	Debt Service	Total	@ 6.2449291% 
05/01/1 999	549,946.88	549,946.88	537,869.24
11/01/1 999	659,936.25	659,936.25	625,899.58
05/01/2000	659,936.25	659,936.25	606,947.85
1 1/01/2000	659,936.25	659,936.25	588,569.96
05/01/2001	659,936.25	659,936.25	570,748.54
11 /01/2001	659,936.25	659,936.25	553,466.74
05/01/2002	659,936.25	659,936.25	536,708.22
11 /01 /2002	659,936.25	659,936.25	520,457.13 
05/01/2003	659,936.25	659,936.25	504,698. 11 
I 1/01/2003	659,936.25	659,936.25	489,4 16.26
05/01/2004	659,936.25	659,936.25	474,597.13
1 1/01/2004	659,936.25	659,936.25	460,226.72
05/01/2005	8,239,936.25	8,239,936.25	5,572,375.95
11 /01/2005	443,906.25	443,906.25	291,108.26
05/01/2006	1,043,906.25	1,043,906.25	663,852.34
11 /01/2006	425,156.25	425,156.25	262,183.45
05/01/2007	1 ,060, I 56.25	1,060,156.25	633,976.71
1 1/01/2007	405,312.50	405,3 12.50	235,039. 11 
05/01/2008	1,080,312.50	1,080,3 12.50	607,499.96
1 1/01/2008	384,218.75	384,218.75	209,51 8.38
05/01/2009	1,104,2 18.75	1,1 04,2 18.75	583,909.32
1 1/01/2009	361,718.75	361 ,718.75	185,484.67
05/01/2010	1,126,71 8.75	1,126,718.75	560,272.42
11 /01 /20 10	337,812.50	337,812.50	1 62,894.40
05/0 1/2011	1,147,812.50	1,147,812.50	536,720.40
1 1/01/201 1	312,500.00	312,500.00	141,701 .32
05/0 1/20 12	1,1 72,500.00	1,172,500.00	51 5,565.01
11/01/2012	285,625.00	285,625.00	121 ,790.53
05/0 1/2013	1 ,200,625.00	1 ,200,625.00	496,445.30
11/01/2013	257,031.25	257,031.25	103,061.55
05/01/2014	1,227,031 .25	1,227,031.25	477,1 04.02
11 /01/2014	226,7 18.75	226,718.75	85,485.33
05/01/2015	1,261,718.75	1 ,261 ,718.75	461,331 .85
I 1 /01/2015	194,375.00	194,375.00	68,918.85
05/01/2016	1,294,375.00	1 ,294,375.00	445,045.52
1 1/01/20 16	1 60,000.00	160,000.00	53,347.12
05/01/2017	1,325,000.00	1,325,000.00	428,404. 11 
I 1 /01/2017	123,593.75	123,593.75	38,750.83
05/01 /201 8	1,363,593.75	1,363,593.75	414,587.48
1 1/01/2018	84,843.75	84,843.75	25,014.84
05/01/2019	1,399,843.75	1,399,843.75	400,224.97
11 /01/2019	43,750.00	43,750.00	12,129.68
05/0 1/2020	1,443,750.00	1 ,443,750.00	388,1 59.34
38,347,306.88	38,347,306.88	21,651 ,508.50

9

PROOF OF ARBITRAGE YlELD

ChampionsGate Community  Development District
Capital Improvement Revenue Bonds
$14,205,000 Series 1998A
$7,580,000 Series I 998B

Proceeds Summary

Series	Date	Par Value	Interest	(Discount)	Yield Target	
1 998A	12/21/1998	14,205,000.00	49,322.92	-166,340.55	14,087,982.37	

Delivery

Accrued

Premium

l 998B	12/21/1998

7,580,000.00	24,003.33

21 ,785,000.00	73,326.25

-40,477.20	7,563,526. 13 

-206,817.75	21 ,651 ,508.50

BOND DEBT SERVICE
ChampionsGate Community Development District Capital lmprovement Revenue Bonds
$1 4,205,000 Series 1998A
$7,580,000 Series 1998B

Ending	Principal	Coupon	Interest	Debt Service	Debt Service	
05/01/1 999			369,921.88	369,92 1.88	369,92 1.88	

Period	Annual

11/01/1 999	443,906.25	443,906.25
05/01/2000	443,906.25	443,906.25	887,81 2.50
1 1/01/2000	443,906.25	443,906.25
05/01/2001	443,906.25	443,906.25	887,812.50
1 1/01/2001	443,906.25	443,906.25
05/01/2002	443,906.25	443,906.25	887,812.50
I 1/01/2002	443,906.25	443,906.25
05/01/2003	443,906.25	443,906.25	887,812.50
1 1/01/2003	443,906.25	443,906.25
05/01/2004	443,906.25	443,906.25	887,812.50
11 /01/2004	443,906.25	443,906.25
05/01/2005	443,906.25	443,906.25	887,812.50
11/01/2005	443,906.25	443,906.25
05/01/2006	600,000	6.250%	443,906.25	1,043,906.25	1 ,487,8 I 2.50
11 /01/2006	425,156.25	425,1 56.25
05/01/2007	635,000	6.250%	425,156.25	1,060, 156.25	1,485,3 12.50
I 1/01/2007	405,3 12.50	405,3 1 2.50
05/01/2008	675,000	6.250%	405,3 12.50	1,080,3 I 2.50	1,485,625.00
I 1/01/2008	384,21 8.75	384,218.75
05/01/2009	720,000	6.250%	384,218.75	1,1 04,2 18.75	J ,488,437.50
1 1/01/2009	361,71 8.75	361,718.75
05/01/2010	765,000	6.250%	361,71 8.75	1, 126,718.75	1,488,437.50
I 1/01/2010	337,812.50	337,812.50
05/01/201 I	81 0,000	6.250%	337,812.50	1,147,812.50	1 ,485,625.00
1 1/01/201 I	312,500.00	312,500.00
05/01/2012	860,000	6.250%	312,500.00	I, I 72,500.00	1,485,000.00
1 1/01/201 2	285,625.00	285,625.00
05/01/2013	91 5,000	6.250%	285,625.00	1,200,625.00	1 ,486,250.00
1 1/01/2013	257,03 1.25	257,03 1 .25
05/01/2014	970,000	6.250%	257,03 1.25	1,227,03 1 .25	1 ,484,062.50
11 /01/2014	226,71 8.75	226,71 8.75
05/0 1/2015	1,035,000	6.250%	226,71 8.75	1 ,261,71 8.75	1 ,488,437.50
1 1/01/2015	194,375.00	194,375.00
05/01/2016	1,1 00,000	6.250%	194,375.00	1 ,294,375.00	1 ,488,750.00
1 1/01/2016	1 60,000.00	1 60,000.00
05/01/2017	1,1 65,000	6.250%	1 60,000.00	1 ,325,000.00	1,485,000.00
1 1/01/2017	123,593.75	123,593.75
05/01/2018	1,240,000	6.250%	123,593.75	1 ,363,593.75	1,487, 187.50
1 1/01/20 18	84,843.75	84,843.75
05/01/2019	1,31 5,000	6.250%	84,843.75	1 ,399,843.75	1 ,484,687.50
11/01/2019	43,750.00	43,750.00
05/0 1/2020	1,400,000	6.250%	43,750.00	1,443,750.00	1 ,487,500.00	
	14,205,000		13,789,921 .88	27,994,921 .88	27,994,921 .88	

11 

	BOND DEBT SERVlCE		
	ChampionsGate		
	Community Development District		
	Capital Improvement Revenue Bonds		
	$14,205,000 Series 1998A		
	$7,580,000 Series 1998B		

Period		
Debt	Annual Debt	
Ending	Principal	Coupon	Interest	Service	Service	
05/01/1999	180,025	180,025	180,025	
11 /01/1999	21 6,030	21 6,030		
05/01 /2000	216,030	216,030	432,060	
11 /01/2000	21 6,030	216,030		
05/01/2001	216,030	216,030	432,060	
11 /01/2001	21 6,030	216,030		
05/0 1/2002	216,030	216,030	432,060	
11/0 1/2002	216,030	216,030		
05/0 1/2003	216,030	216,030	432,060	
11/01/2003	216,030	216,030		
05/01 /2004	216,030	216,030	432,060	
11/0 1 /2004	216,030	216,030		
05/01/2005	7,580,000	5.700%	21 6,030	7,796,030	8,012,060	
7,580,000	2,772,385	10,352,385	10,352,385

DATE
12 /21/98 
12/ 21/98 
12/ 21/98
12/21/98 
02/01/99 
02/02/ 99 
02/04/99 
02/23/ 99 
03/23/99 
04/ 01/99 
04/ 05/ 99 
04/ 30/ 99 
05/03/99 
05/04/99 
05/05/99 
05/07/99 
05/13/99 
05 /25/ 99 
05/28/99 
06/01/99 
06/11/99 
06 /23/ 99 
07/ 07/99 
07/ 14/99 
07/ 14/99 
07/21/99 
08 /02/99 
08/04/99 
08/04/99 
08 /20/ 99 
08 /20/99 
08 /30/99 
09/13/99 
09/21/99 
09/24/99 
10/01/99 
10/12/ 99 
10/14/99 
10 /15/99 
10 /1 9/ 99 
10/ 27/99 
11/01/99 
11/01/99 
11 /12/99 

ChampionsGate Community Development District
Capital Improvement Revenue Bonds
$14, 205, 000 Series 1998A
$7, 580, 000 Series 1998B
Bond Proceeds

ARBI TRAGE REBATE CALCULATION DETAIL REPORT

( PAYMENTS )

DESCRIPTION		RECEIPTS Beg  Bal	-21, 680, 791. 50
127, 000 . 00
1, 553, 104 . 00
435, 700 . 00
18 , 0 00. 00
5, 011 . 00
374, 650 .00
339, 962 .00
18 , 0 00 .00
67 7, 689 .00
520, 478 .00
34, 995 . 00
549, 947 .00
49, 685 .00
253 .00
44, 941 .00
69, 156 . 00
590, 824 .00
18 , 0 00 .00
65 .00
202, 038 . 00
178, 108 . 00
18, 000. 00
-13, 8 62 . 00
23, 961 . 00
61 ,2 69 . 00
94 , 754 . 00
2,208. 00
215, 907 . 00
-11, 256 . 00
5, 060. 00
3, 986 . 00
21, 925 . 00
425, 056. 00
7, 771 . 00
21, 925 . 00
29, 195. 00
-161 . 00
87 , 600 . 00
406, 536 . 00
9, 84 1. 00
38, 697 . 00
659, 936 . 00
1, 187, 475. 00

13 

FUTURE VALUE @ BOND YIELD OF (6. 244929% )
-74 , 153, 610 .1 4
434, 371 .0 6
5, 311, 995 .58
1, 490, 200 .57
61 , 145 .1 9
17 , 019 . 23
1,2 72 , 017 . 11
1, 150, 503 . 85
60, 604 . 47
2, 278, 605 . 35
1, 748, 816.78
117, 082 .8 6
1, 839, 016 . 37
166, 117 . 68
845 . 74
150, 179 . 53
230, 8 62 . 17
1, 968, 297 .85
59, 935 .2 9
21 6. 32
67 1, 241 . 4 9
590, 525 .8 9
59, 537 . 34
-45, 795 . 58
79, 159. 41
202, 171 . 12
312, 075. 63
7, 269. 64
710, 854 . 40
-36, 958 . 22
16, 614 . 13
13, 065. 39
71, 706 .80
1, 388 ,2 68 .25
25, 367 .73
71 , 4 8 6. 66
95, 011 .8 6
-523 . 78
284, 938 . 35
1, 321, 444 . 94
31, 944 . 48
125, 527 .00
2, 140, 728 .8 6
3, 844, 751 .5 9

DATE    11 /16/99 
11/ 19/99 
11/24/99 
12/07/99 
12/10/99 
12/14/99 
12/23/ 99 
12/ 30/99 
01 /05/00 
01/ 24/00 
01/25/00 
01/25/00 
01/25/00 
01/26 /00 
01/ 31/00 
01/ 31/00 
02/01/00 
02/08/00 
02/ 09/00 
02/17 /00 
03/13/00 
03/16/00 
03/29/00 
04 /03/00 
04 /0 6/00 
04 /07/00 
04/ 14/00 
04/ 20/00 
05/01/00 
05/03/00 
05/10/00 
05/11/00 
05/19 /00 
05/25/00 
06/ 08/00 
06/13/00 
06/14/ 00 
06/16 /00 
06 /23/00 
07 /14/00 
07 /17/00 
07 /24/00 
07 /31/00 
08 /07/00 

CharnpionsGate Community Development District
Capital Improvement Revenue Bonds
$14, 205, 000 Series 1998A
$7, 580, 000 Series 1998B
Bond Proceeds

ARBI TRAGE REBATE CALCULATION DETAIL REPORT

( PAYMENTS) 

DESCRIPTION		RECEIPTS 388, 489. 00
24, 94 5. 00 
1, 713, 68 6. 00 
38, 091. 00
605, 007 . 00
2, 635 . 00
85, 364 .00
294, 835 .00
46, 621 . 00
399, 304 . 00
5, 44 6. 00
154 .00
-5 , 600 . 00
156, 348 .00
-69 .00
37 1, 070 .00
1 62 . 00
152, 264 . 00
27, 896.00
62 , 955 . 00
536, 237 . 00
822, 300 . 00
9, 612 . 00
3. 00
539, 219 . 00
359, 744 . 00
19, 537. 00
-3, 026 . 00
659, 936 . 00
59, 980 . 00
18, 235 .00
4, 871 . 00
168, 628 . 00
86, 676 . 00
53, 978 . 00
9, 884 . 00
336 . 00
636 . 00
350, 222 . 00
77 7, 817. 00
4, 820 . 00
1, 24 6. 00
37, 877. 00
6, 848. 00

14 

FUTURE VALUE @ BOND YIELD OF (6. 244929 %) 
1, 256, 972 . 5 6
80, 669 .25
5, 537, 131 . 53
122, 803 . 73
1, 949, 517 . 03
8, 484 . 97
274, 458 . 69
946, 808 . 12
149, 586 . 91
1, 277, 04 4. 8 7
17, 414 . 30
492 . 44
-17, 906 . 73
499, 857 . 78
-220 . 45
1, 185, 531 . 87
517 .49 
485, 804 .0 6
88, 988 . 04
200, 551 .7 6
1, 700, 686 .30
2, 606, 604 . 69
30, 401 . 45
9. 48
1, 703, 438 . 15
1, 136, 2 67. 43
61, 634 . 7 4
-9, 536 . 56
2, 075, 909 . 33
188, 609 . 97
57 , 2 72 . 31
15, 296. 17
528, 811 . 54
271 , 534 . 48
168, 724 . 64
30, 869 . 07
1, 049 . 1 9
1, 985 .30
1, 091, 923. 8 9
2, 416, 398.1 4
14, 966 .34
3, 864.2 7
117, 34 9.0 8
21, 1 90.8 6

DATE 08/11/00 
08/16/00 
08/25/00 
09 /08/00 
09/13/00 
09/25/00 
10 /03/00 
10/ 11/00 
10/17/00 
10/25/00 
11/01/00 
11/17 /00 
11 /22/00 
11/24/00 
12/07/00 
12/07/00 
12/15/00 
12/19/00 
12/19/00 
01/04/01 
01/09/01 
01/18/01 
01/31/01 
02/15/01 
02/22/01 
02/28/01 
03/02/01 
03/15/01 
03/15/01 
03/28/01 
04 /03/01 
04 /03/01 
04/04/01 
04 /05/01 
04 /25/01 
04 /26/01 
05/01/01 
05/02/01 
05/02/01 
05/10/01 
05/21/01 
05/23 /01 
06/05/01 
06/07/01 

ChampionsGate             C ommunity Development District
Capital Improvement Revenue Bonds
$14, 205, 000 Series 1998A
$7, 580, 000 Series 1998B
Bond Proceeds

ARBITRAGE REBATE CALCULATION DETAIL REPORT

RECEIPTS
DESCRIPTION	( PAYMENTS) 
3, 117 .00
39, 768 .00
598, 930 .00
6, 520 . 00
21, 999 . 00
108, 201 .0 0
44, 677 .00
39, 290. 00
49, 109 .00
1, 700 .00
659, 936 .00
57, 504 . 00
78, 571 .00
6,2 67. 00
248, 304 . 00
-18, 316 . 00
10, 71 8. 00
5, 551 . 13
-5, 551 . 00
57 , 529 . 00
45, 74 8. 00
24 , 320 . 00
2, 860 . 00
125, 838 . 00
15, 4 94. 00
12, 747. 00
103,223. 00
12 , 958 . 00
-1 , 055. 00
6, 729 . 00
17, 351 . 00
-574 . 00
7, 548. 00
21, 280 . 00
-584 , 288 . 00
58 , 004 . 00
659, 936 . 00
16, 032 . 00
-1 , 823 .00
40, 100 . 00
6, 204 . 00
2, 000 . 00
-1 , 574 .00
6, 038 . 00

15 

FUTURE VALUE @ BOND YIELD OF (6. 244929% )
9, 638 . 84
122, 871 .4 3
1, 847, 674 .85
20, 069 . 32
67 , 657 . 68
332, 089 . 55
136, 935 .00
120, 259 .3 9
150, 159 . 55
5, 190 .96
2, 013, 052 .48
174, 930 . 03
238, 812. 84
19, 041 .74
752, 77 6. 99
-55, 528 .1 6
32 , 449.12
16, 794 .7 6
-16, 794. 37
173, 60 6. 69
137, 937 .01
73, 215 . 77
8, 592. 45
37 7, 094 . 20
46, 374 . 83
38, 113 . 75
308, 427 . 70
38, 632 .29
-3, 145 . 32
20, 016 . 98
51, 570 . 54
-1 ,7 06 . 04
22, 430 .2 9
63 , 226. 69
-1, 730, 103 .4 4
171, 723 .16
1, 952 , 0 98 .88
47, 414 .7 6
-5, 391 .54
118, 434 .08
18 ,2 88. 92
5, 893 .83
-4 , 628 . 95
17, 750 . 98

DATE    06 /22/01 
06/25/01 
06 /29/01 
07 /03/01 
07 /13/01 
07 /31/01 
08/01/01 
08/03/01 
08/ 23/01 
09 /06/01 
09 /25/01 
10/01/01 
10/26/01 
11 /01/01 
11 /01/01 
11 /02/01 
12/04/01 
01/04 /02 
02/04/02 
03/04/02 
03/12/02 
03/12/02 
04/03/02 
04 /23/02 
05/01/02 
05/01/02
05/02/02 
06 /04/02 
07 /03/02 
08/02/02 
09/05/02 
09/ 25/02 
10 /02/02 
10 /29/02 
11 /01 /02 
11/01/02 
11 /04/ 02
12 /03/02 
01 /03/03 
02/04/03 
03 /03/03 
03/04/03 
03/ 05/03 
03/26 /03 

ChampionsGate Community Development District
Capital Improvement Revenue Bonds
$14, 205, 000 Series 1998A
$7, 580, 000 Series 1998B
Bond Proceeds

ARBI TRAGE REBATE CALCULATION DETAIL REPORT

( PAYMENTS )

DESCRIPTION	RECEI PTS 2, 128 . 00
8, 540 .00
4, 451 . 00
-1 , 4 71 .00
11, 820 . 00
-100, 000 . 00
99, 750. 00
-1, 443. 00
17, 808 . 00
-1 , 402 . 00
1, 541 . 00
-1, 136 . 00
-52 6, 586 . 00
43, 380 . 00
659, 936. 00
-962 . 00 
-103 .00
-90 . 00
-100 . 00
-77 . 00
5, 524 .00
-5 , 524 . 00
-7 9. 00
-631, 942 .00
8, 500 . 00
64 4, 831 . 00
-1 , 649 . 00
-52 . 00
-52 . 00
-277 . 00
-123 . 00
1, 626 . 00
-277 . 00
-620, 498 . 00
640, 038 . 00
-1, 626 . 00
-289 . 00
-443 . 00
-548 . 00
-524 . 00
-5 , 673 . 00
-488 . 00
5, 673 . 00
74, 408 . 00

16 

FUTURE VALUE @ BOND YIELD OF (6. 244929%) 
6, 240. 05
25, 02 9.48
13, 036 . 32
-4 , 305 . 40
34 , 536. 33
-291 , 338 .27
290, 560. 29 
-4 , 201 .8 6
51, 678 .0 9
-4 , 059. 52
4, 447 .54
-3 ,2 75 .30
-1, 511 , 774 . 25
124 , 433 . 20
1, 892, 990 . 91
-2 , 758 . 97
-293.7 9
-255 .40
-282 . 32
-216.28
15, 494. 66
-15, 4 94. 66
-220 . 80
-1, 760, 208. 55
23, 643. 53
1, 793, 656 .7 4
-4 , 586 .0 6
-143 . 83
-143 . 12
-758 . 62
-334 . 97
4, 412 . 97
-750 .88
-1, 674, 2 83. 12
1, 726, 417 .78
-4 , 385. 92
-779 . 14
-1 , 188 . 42
-1 , 4 62 . 59
-1 , 391 . 14
-14, 986 . 57
-1 ,2 88. 95
14, 981.4 6
195, 7 95. 61

DATE  04/ 02/03 
04/02/03 
04/ 02/03 
04/ 04/03 
05/01/03 
05/01/03 
05/02/03 
05/02/03 
0 6/03/03 
06 /03/03 
07/ 02/03 
07/ 02/03 
08/ 04/03 
08/ 04/03 
09 /03/03 
09 /03/03 
10/ 02/03 
10 /02/03 
10/29/03 
11 /03/03 
11 /03/03 
11 /04/03 
12 /02/03 
12 /02/03 
01/05/04 
01 /05/04 
02 /03/04 
02 /03/04 
03 /02 /04 
03 /02/04 
03/04/04 
04/ 02/04 
04 /02/04 
05/03/04 
05/04/04 
05/04/04 
06/02/04 
06/02/04 
07 /02/04 
07/02/04 
08 /03/04 
08/03/04 
08 /10/04 
09 /02/04 

ChampionsGate Community Development District
Capital Improvement Revenue Bonds
$14, 205, 000 Series 1998A
$7, 580, 000 Series 1998B
Bond Proceeds

ARBI TRAGE REBATE CALCULATION DETAIL REPORT

( PAYMENTS) 

DESCRIPTION	RECEI PTS 1, 141 .00
547 . 00
-554 .0 0
551 . 00 
633, 125 .00
-626, 095 . 00
1, 069. 00
467. 00
1, 08 6. 00
475 . 00
953 . 00
416 . 00
75 9. 00
332 . 00
750 . 00
328 .00
746 .00
32 6.00
-601, 507 . 00
612, 035 . 00
-10, 511 .0 0
756 .00
723 . 00 
31 6.00
732 . 00
320 . 00
707 . 00
309 . 00
672 . 00 
293. 00
4, 191 . 00
727 . 00 
31 6. 00
50 . 00
686 . 00
298 . 00
702 . 00
304 .00
709 .00
307 .00
1, 052 .00
457 .00
1, 845 .00
1, 262 .00

17 

FUTURE VALUE @ BOND YIELD OF (6. 244929%) 
2, 999 .33
1, 437 .8 9
-1, 456 . 29
1, 447. 91
1, 656, 060. 97
-1, 637, 672 . 64
2, 795.70
1,221 . 32
2, 825.1 6
1,235. 68
2, 466. 92
1, 076 . 85
1, 954 . 02
854 . 72 
1, 921. 31
840 . 25
1, 901 . 62
831. 00
-1, 526, 239 .29 
1, 551, 8 91.8 9
-2 6, 651 . 97
1, 91 6. 61
1, 824 .20
797 . 30
1, 836. 52
802 . 85
1, 765. 34
771 . 56 
1, 669 . 65
727 . 99
10, 409 . 42
1, 797. 07
781 . 12
122. 94
1, 68 6.48
7 32 . 61
1, 717 .58
74 3. 80
1, 725 .84
747 . 30
2, 547 .25
1, 106 .55
4, 462 . 03
3, 040 . 63

DATE    09 /02/ 04 
09/15/04 
10 /04/04 
10/04/04 
11/02/04 
11 /02/04 
12/02/04 
12 /02/04 
01 /04/05 
01 /04/05 
02 /02/05 
02/02/05 
03/02/05 
03 /02/05 
03/24/05 
03/28/05 
04 /04/05 
04/04/05 
04/28/05 
05/02/05 
05/02/05 
05/02/05 
05/19/05 
06 /01/05 
06/01/05 
07 /01/05 
07 /01/05 
08 /01/05 
08 /01/05 
09 /01/05 
09 /01/05 
09/ 06/05 
10/03/05 
10 /03/05 
11 /01/05 
11 /01/05 
11 /01/05 
12/01/05 
12/ 01/05 
01/03/06 
01/03/06 
02/01/06 
02/01/06 
02 /07/06 

ChampionsGate Community Development District
Capital Improvement Revenue Bonds
$14, 205, 000 Series 1998A
$7, 580, 000 Series 1998B
Bond Proceeds

ARBI TRAGE REBATE CALCULATION DETAIL REPORT

( PAYMENTS) 

DESCRIPTI ON	RECEI PTS 54 6. 00
184, 475.00
1, 393 .00
501 .00
1, 661 .0 0
503 .00
1, 787 .00
541 .00
2, 121 . 00
642 . 00
2,240 . 00
678 . 00
2, 295 . 00
695 .00
2, 314 . 00
29, 776 . 00
2, 576 . 00
773 . 00 
-539, 611 .00
539, 611 .00
2, 788 .00
781 . 00 
11, 635 .0 0
3, 125 .00
865 .00
3, 093 .00
841 .00
3, 442 .00
936 . 00
3, 710. 00
1, 009 . 00
135, 740 . 00
3, 772. 00
724 . 00 
4, 115. 00
72 6. 00
123 . 00
4, 218 . 00
744 . 00
4, 606 . 00
812 . 00
4, 721 . 00
833.00
-3, 142 .00

18 

FUTURE VALUE @ BOND YIELD OF (6. 244929%) 
1, 315 . 52
443, 483 .0 6
3, 337 . 96
1, 200. 52
3, 961 . 16
1, 199 .56
4, 239 . 86
1, 283. 58
5, 004 . 88
1, 514 . 92
5, 260 .4 7
1, 592 . 23
5, 362 .08
1, 623 . 81
5, 386 . 19
69, 260. 91
5, 985 . 81

-1, 

1, 796. 21
248, 754 . 52
1, 247, 901 . 57
6, 447. 51
1, 806 . 14
26, 829 . 02
7, 191. 15
1, 990 . 51
7, 081 . 13
1, 925 .39
7, 839 . 85
2, 131. 93
8, 407. 09
2, 28 6.4 6
307, 332.4 8
8, 500 . 99
1, 631 . 68
9, 229 .7 6
1, 628 .38
275 . 88
9, 412. 42
1, 660 . 23
10, 222 .21 
1, 802 .0 9
10 , 427. 44
1, 839 . 88
-6, 932 .7 4

DATE 03/01/06 
03/01/06 
03/03/06 
03/28/06 
03 /28/06 
03/31/06 
04 /03/06 
04/ 03 /06 
05 /01/06 
05/01/06 
05/01/06 
05/01/06 
06/01/06 
06 /01/06 
07/ 03/ 06 
07/ 03/06 
07/ 27/06 
07/27/06 
08/01/06 
08/01/06 
09 /01/06 
09 /01/06 
09 /07/06 
09 /07/06 
10/ 02/ 06 
10 /02/ 06 
10 /30/ 06 
11/ 01/06 
11/ 01/06 
11/ 01/06 
12/01/06 
12 /01/06 
01 /02/07 
01/02/07 
02 /01/07 
02/01/07 
02 /05/07 
02 /05/07 
02/08/07 
03/02/07 
03/02/07 
04 /03/07 
04 /03/07 
05/01/07 

ChampionsGate Community Development District
Capital Improvement Revenue Bonds
$14, 205, 000 Series 199 8A
$7, 580, 000 Series 1998B
Bond Proceeds

ARBI TRAGE REBATE CALCULATION DETAIL REPORT

( PAYMENTS )

DESCRIPTION	RECEIPTS 4, 485 . 00 
791 . 00 
-1, 52 9. 00 
3, 465. 00
-3, 017 . 00
5, 365.00
5, 066 .00
891 . 00 
5, 125 . 00
872 . 00 
495, 069 .00
-487, 354 .00
5, 459 . 00
929 . 00
5, 417 . 00
921 . 00 
3, 923 . 00
-2 , 368 . 00
5, 886 . 00
999 . 00
5, 865. 00
982 . 00
25 . 00
4. 00
5, 719 .00
957 .00
-467, 114 . 00
5, 934 . 00
993. 00
469, 521 .00
5, 743.00
961 . 00
5, 938 . 00
994. 00
2, 862 . 00
479 . 00
3, 013 . 00
504 . 00
-466 . 00
5, 285. 00
884 . 00
5, 863. 00
981 . 00 
193.00

19

FUTURE VALUE @ BOND YIELD OF (6. 244 929%) 
9, 855 . 55
1, 738 . 18
-3, 358 . 75
7,5 79 . 11
-6, 599.1 9
11, 731 . 04
11, 071. 58
1, 947 .25 
11, 1 47 . 08
1, 896. 63
1, 076, 7 94 . 65
-1 , 0 60, 014 . 22
11 , 8 12. 85
2, 010 . 28
11, 658 . 07
1, 982 . 11
8, 408. 25
-5, 075 . 38
12, 60 6. 97
2, 139 .72
12, 497 .7 8
2, 092 .55
53 . 22
8. 51
12, 122. 31
2, 028 . 51
-985, 396. 33
12, 515 . 88
2, 094. 42
990, 304. 82
12 , 051 . 11
2, 016 .56
12, 394 .49 
2, 074 .7 9
5, 944 .38
994 . 88
6,2 53. 74
1, 04 6.0 9
-966 . 73
10, 918 .9 9
1, 826 . 37
12, 049 . 18
2, 016 .08
394 .75

DATE 05/02/07 
05 /02/07 
06 /04/07 
06 /04/07 
07 /03/07 
07 /03/07 
08/ 02/07 
08/ 02 /07 
09 /05/07 
09 /05/ 07 
10 /02/07 
10 /02/07 
11/ 01/07 
11 /02/07 
11 /02/07 
12/ 03/07 
12/04/07 
01 /03/ 08 
01 /03/ 08 
02/04/08 
02/04/08 
03 /04/08 
03/04/08 
04 /02/08 
04 /02/08 
05/02/08 
05/02/08 
06 /03/08 
06 /03/08 
07 /02/08 
07 /02/08 
08/ 04/08 
08/ 04/08 
09 /03/08 
09 /03/08 
10 /02/0-8
10 /02/08 
11/ 04/08 
11/ 04/08 
11 /06/08 
11 /06/08 
12 /02/08 
12 /02/08 
01 /05/09 

ChampionsGate Community Development District
Capital Improvement Revenue Bonds
$14, 205, 000 Series 1998A
$7, 580, 000 Series 1998B
Bond Proceeds

ARBI TRAGE REBATE CALCULATION DETAIL REPORT

( PAYMENTS) 

DESCRIPTION	RECEIPTS 5, 636 .00
943 .00
5, 71 9.00
957 .00
5, 437 .00
910 . 00
5, 699 . 00
954 . 00
5, 1 63. 00 
864 . 00
5, 175. 00
866 . 00
3. 00
5, 429 . 00
863. 00
936 .00
5, 587 .00
5, 775.00
965 . 00 
5, 398 . 00
900 .00
4, 175 .00
696 . 00 
3, 94 9.00
658 . 00
3, 373 . 00
562. 00
3, 288 . 00
548 . 00
2, 965 . 00
494 . 00
3, 024 . 00
504 . 00
3, 044 . 00
507 . 00
2, 924 . 00
488 . 00
3, 025 . 00
504 . 00
49, 463. 00
3, 237. 00
2, 671 .00
453 .00
2, 130 .00

20

FUTURE VALUE @ BOND YIELD OF (6. 244 929%) 
11, 525 . 44
1, 928 . 40
11, 631 . 42
1, 946. 37
11, 003 .24
1, 841 . 63
11, 476 .4 7
1, 921 .1 4
10, 338 . 65
1, 730 . 12
10, 314 . 99
1, 726 . 14
5. 95
10 , 7 65 . 96
1, 7 11 . 37
1, 846 . 33
11, 018 .89 
11, 333 .39
1, 893 . 80
10, 537 .58
1, 756 . 91
8, 108 .4 7
1, 351 . 74
7, 632 . 95
1, 271 . 84
6, 486 .2 9
1, 080 . 73
6, 2 89 . 44
1, 048 . 24
5, 643 . 56
940 .28
5, 724 .4 9
954 . 08
5, 733 . 87
955 . 02
5, 480 . 62
914 . 69
5, 639 . 02
939 . 53
92 , 174 . 39
6, 032 . 16
4, 955 . 36
840 . 43
3, 929 . 4 6

DATE
01 /05/09 
02/03/09 
02/03/09 
03/03/09 
03/03/09 
04 /02/09 
04/02/09 
05/04/09 
05/04/09 
06/02/09 
06/02/09 
07 /02/09 
07 /02/09 
08/04/09 
08/04/09 
09/02/09 
09/02/09 
10/ 02/09 
10/02/09 
11/03/09 
11/03/09 
12/02/09 
12/02/09 
01/05/10 
01 /05/10 
02/02/10 
02/02/10 
03/02/10 
03/02/10 
03/19/10 
04 /02/10 
04 /02/10 
05/04/10 
05/04/10 
05/13/10 
05/13/10 
05/13/10 
05/13/10 
06/02/10 
06/02/10 
07/02/10 
08/03/10 
09/02/10 
10/04/10 

ChampionsGate Community Development District
Capital Improvement Revenue Bonds
$14, 205, 000 Series 1998A
$7, 580, 000 Series 1998B
Bond  Proceeds

ARBI TRAGE REBATE CALCULATION DETAIL REPORT

( PAYMENTS )

DESCRIPTION	RECEIPTS 363 .00
1, 501 .00
256 . 00 
912 .00
155 . 00
780 . 00
133 . 00 
651 . 00
111 . 00 
61 9. 00
105 . 00
515 . 00
88 .00
400 .00
68 .00
263 .00
45 .00
217 .00
37 .00
1 97 . 00 
34 .00
24 . 21
142 . 15
17 . 90
105 . 10
11 . 18
65 . 63
9. 08
53 . 31
12 8, 088. 97
8. 30
56 . 35
5.05
65 . 37
8, 327 . 16
36, 597 . 35
69, 813. 68
1, 189, 398 . 12
2. 65
41 . 87
13 . 54
18 . 44
25 . 53
18 . 12

21 

FUTURE VALUE @ BOND YIELD OF (6. 24492 9%) 
669 . 67
2, 755.8 6
470 . 02
1, 665 . 88
283 . 13
1, 417. 73
241 . 74
1, 1 76 .81
200 . 65
1, 11 3. 62
188 . 90
921 . 78
157 . 51
712 . 05
121 . 05
465. 94
79. 72 
382 . 48
65 .21
345 .39
59 . 61
42 .24
247 . 99
31 . 05
182 . 33
19 . 31
113 . 33 
15 . 60
91 . 59 
219, 41 6. 05
14 .19 
96 . 31
8. 58
111. 12
14 , 133 .4 3
62, 115 . 55
118, 4 92 . 59
2, 018, 728 .50
4 . 48
70 . 83
22 . 7 9
30 . 87
42 . 53
30 . 02

DATE
11 /02/10 
12/02/10 
01/04/11 
02/02/11 
03/02/11 
04/04/11 
05/03/ 11 
06/02/11 
07 /05/11 
08/02/11 
09/02/11 
10/04/11 
11/02/11 
12/02/11 
01 /04/12 
01/09/12 
02/02/12 
02/03/12 
03/02/12 
04/ 03/12 
04/ 30/12 
05/02/12 
05/29/12 
06/04/12 
07 /03/12 
07 /30/12 
08 /02/12 
09/05/12 
10/ 02/12 
11 /02/12 
12/04/12 
01/03/13 
02/04/13 
03/04/13 
04 /02/13 
05/02/13 
06/04/13 
06/12/13 
07 /02/13 
09/04/13 
10/ 02/13 
11/04/13 
12/03/13 
01/03/14 

ChampionsGate Community Development District
Capital Improvement Revenue Bonds
$14, 205, 000 Series 1998A
$7, 580, 000 Series 1998B
Bond Proceeds

ARBITRAGE REBATE CALCULATION DETAIL REPORT

( PAYMENTS) 

DESCRIPTION	RECEIPTS 16 . 20
14 . 17
12 . 35
11 . 53
9. 14
10 . 05
8. 10
6. 67
9. 38
5. 23 
5.2 0
4. 75
6. 14
6. 26
4. 84
-98, 143 . 2 6
12 . 1 9
-24, 531 . 8 9
16. 19 
18 . 7 9
-424, 531 . 00
18 . 95
-287, 255. 84
46. 13
65 .72 
-16, 281 . 00
62 . 61
53 . 64
57 . 48
62 .51
54 .4 3
39 . 72 
16 . 11
16 . 37
18 .0 9
17 . 44
7. 88
-342, 451 . 04
0. 73
1. 20 
18 . 07
18 . 68
18 . 07
18 . 67

22

FUTURE VALUE @ BOND YIELD OF (6. 244929%) 
26. 71 
23. 25
20 . 15
18 . 72 
14 . 77
16.15
12 . 95
10 . 61
14 .84 
8 . 24 
8. 15
7. 40
9. 52

7. 43

9. 66
-150, 451 . 64 
18 . 61
-37, 453 .04
24 . 60
28 .39
-638, 574 .1 6
28 .4 9
-42 9, 951 .47
68 . 99
97 . 80
-24, 116 .0 6
92 . 71 
78 . 98
84 . 24
91 . 15
78 . 93
57 . 32
23 . 12
23 . 38
25 . 71 
24 . 66
11 .08
-480, 925 . 82
1. 02
1 . 66
24 . 90
25 . 60
24 . 65
25 . 33

DATE 02/04/14 
03/04 /14 
04/ 02/14 
05/02/14 
05/22 /14 
06/03/14 
07/02/14 
08/04/ 14 
09/03/14 
10/02/ 14 
11/04/14 
12/02/14 
01/05/15 
02/ 03/ 15 
03/03/15 
04/02/15 
05/04/15 
06/02/15 
07/02/15 
08/04/15 
09/02/15 
10/02/15 
11/03/15 
12/02/15 
01/05 /16 
02/02/ 16 
03/02/ 16 
04/04/ 16 
05/03 /16 
06/02/16 
07/05/16 
08/02/16 
09/02/16 
10/04/16 
11/02/16 
12/02/16 
01/04/17 
02/02/17 
03/02/17 
04/04/17 
05/01/17 
05/02/17 
06/02/17 
07/05/17 

ChampionsGate Community Development District
Capital Improvement Revenue Bonds
$14 , 205, 000 Series 1998A
$7, 580, 000 Series 19 98B
Bond  Proceeds

ARBITRAGE REBATE CALCULATION DETAIL REPORT

( PAYMENTS) 

DESCRIPTION	RECEIPTS 18 . 67
16. 87 
18 . 67
18 . 07
107 . 70
18 . 67
18 . 07
18 . 67
18 . 67
18 .07
18 . 67
18 . 07
18 . 67
18 . 67
16 .87
18 . 67
18 . 07
19 . 75
31. 77 
38 . 52
61 . 83
61 . 27
66 . 05
75 . 53
156 . 30
259 . 47
296. 45
354 . 20
353 . 81
354 . 17
314 . 75
251 . 94 
204 . 15
112 . 47
116 . 22 112 . 47 116 . 22 171 . 05 157 . 90 174 . 81
34 , 531 . 25
221 . 81 
227 . 22
219 .8 9

23

FUTURE VALUE @ BOND YIELD OF (6. 244929%) 
25 .20
22 . 65
24 . 95
24 . 03
142 . 72
24 . 69
23 .78
24 .4 4
24 . 32
23 .42
24 .0 6
23 .18
23 .82
23 .70
21 . 31
23 .4 6
22 .59
24 . 57
39 . 32
47 . 41
75 . 74
74 . 67
80 . 07
91 . 11
187 .48
309 . 81
352 .15
418 .4 6
415. 93
414 .30
366. 12
291. 71
235. 17
128 . 85
132 . 51
127 . 58
131 . 12
192. 05
176 . 38
194 . 21
38, 186.27
245 .25
24 9. 94
240 . 52

DATE 08/02/17 
09/05/17 
10 /03/17 
11 /02/17 
12/04/17 
12/31/17 
12/ 31/17 

ChampionsGate Community Development District
Capital Improvement Revenue Bonds
$14, 205, 000 Series 1998A
$7, 580, 000 Series 1998B
Bond  Proceeds

ARBI TRAGE REBATE CALCULATION DETAIL REPORT

RECEIPTS
DESCRIPTION	( PAYMENTS) 
227 . 22
227 . 22

RF A Balance

219. 89 227 . 22 219 . 89
1, 337, 656 . 25
RF  A  Accrual	227 . 22

FUTURE VALUE @ BOND YIELD OF (6. 244929%) 
247 .39
246 .00
236 . 93
243. 62
234 .48
1, 420, 068 .33
241 . 22

12/ 20/18	TOTALS :	1, 603, 000 . 34	-2 , 909, 289 . 13

ISSUE DATE : 12/ 21/98 COMP DATE : 12/20/18 BOND YIELD : 6. 244929% 

REBATABLE ARBI TRAGE :	-2 , 909, 28 9.13
NET INCOME :	1, 603, 000 . 34 TAX  INV YIELD :		3. 688584% 

24

ChampionsGate Community Development District
Capital Improvement Revenue Bonds
$14, 205, 000 Series 1998A
$7, 580, 000 Series 1998B
Rebate Computation Credits 

ARBITRAGE REBATE CALCULATION DETAIL REPORT

RECEI PTS 

FUTURE VALUE @

DATE 12/20/99 
12/ 20/00 
12/ 20/01 
12/ 20/02 
12/20/03 
12/ 20/04 
12 /20/05 
12/20/06 
12/20/07 
12/20/08 
12 /20/0 9
12 /20/10 
12/20/11 
12 /20/12 
12/20/13 
12/ 20/14 
12/ 20/15 
12/ 20/16 
12/20/17 

DESCRIPTION

( PAYMENTS) 
-1 , 000 .00
-1 , 000 .00
-1 , 000 .00
-1 , 000 .00
-1 , 000 .00
-1, 000 .00
-1, 000 . 00
-1 , 000 . 00
-1 , 400 . 00
-1 , 4 30 . 00
-1 , 4 90 . 00
-1, 500 . 00
-1, 520 . 00
-1, 550 . 00
-1, 590 . 00
-1, 620 . 00
-1, 650 . 00
-1, 650 .00
-1, 670 .00

BOND YIELD OF (6. 244929%) 
-3 , 2 16.81
-3 , 024 . 95
-2 , 844 .54
-2 , 674 .88
-2 , 515 . 35
-2 , 3 65 . 33
-2 , 224 .2 6
-2 , 091 . 60
-2 , 753 . 60
-2 , 644 . 85
-2 , 591 .47
-2 , 4 53 .26 
-2 , 337 . 70
-2 , 241 . 67
-2 , 1 62 . 37
-2 , 071 .7 7
-1 , 984 .28
-1, 865. 94
-1 , 775 . 92

12/ 20/18	TOTALS :	-25, 070 .00	-45, 840 .55

ISSUE DATE :	12/21/98	REBATABLE ARBITRAGE :	-45, 840 . 55 COMP DATE :	12/20 /18 
BOND YIELD :	6. 244929% 

25