Sunbridge Stewardship District
12051 Corporate Boulevard, Orlando, FL 32817; Phone: 407-723-5900 https://www.sunbridgesd.com

Notice is hereby given that the Board of Supervisors (“Board”) of the Sunbridge Stewardship District (“District”) will hold a special meeting of the Board of Supervisors on October 1, 2020 at 3:30 p.m. through the following means of communications media technology telephonically at Phone: 1-844-621- 3956 Code: 796 761 297# pursuant to Executive Orders 20-246.

Please use the following information to join the telephonic conferencing:

Phone:	1-844-621-3956	Participant Code:	796 761 297#

BOARD OF SUPERVISORS’ MEETING AGENDA

Organizational Matters
Roll Call to Confirm a Quorum
Public Comment Period
Consideration regarding Executive Order 20-246
Consideration of the Minutes of the September 3, 2020 Board of Supervisors’ Meeting

Business Matters
Consideration of Amended Fiscal Year 2021 Proposed Budget
Consideration of Cyrils Drive Mobility Fee Credit Agreement
Consider of Mobility Fee Credit Administration Agreement
Ratification of Payment Authorization Nos. 102 - 105
Review of District’s Financial Position and Budget to Actual YTD

Other Business
Staff Reports
District Counsel
District Manager
District Engineer
Supervisor Requests Adjournment

Sunbridge Stewardship District

Executive Order 20-246

Sunbridge

STATE OF FLORIDA
OFFICE OF THE GOVERNOR EXECUTIVE ORDER NUMBER 20-246
(Emergency Management - COVID 19 - Local Government Public Meetings)

WHEREAS, Executive Order 20-69, as extended by Executive Orders 20-112, 20-123, 20-139,

20-150 and amended by Executive Orders 20-179 and 20-193, expires on October 1, 2020, unless extended.
NOW, THEREFORE, I, RON DESANTIS, as Governor of Florida, by virtue of the authority vested in me by Article IV, Section (l)(a) of the Florida Constitution, Chapter 252, Florida Statutes, and all other applicable laws, promulgate the following Executive Order to take immediate effect:
Section 1. I hereby extend Executive Order 20-69, as extended by Executive Orders 20-112, 20-123, 20-139, 20-150 and amended by Executive Orders 20-179 and 20-193, subject to the condition of Section 2 below, until 12:01 a.m. November 1, 2020. This order supersedes Section 4 of Executive Order 20-69.

Section 2. This order shall not apply to election canvassing boards.

ATTEST:

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IN TESTIMONY WHEREOF, I have hereunto

set my hand and caused the Great Seal of the State of Florida to be affixed, at Tallahassee, this

RON DESANTIS, GOVERNOR

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Sunbridge Stewardship District

Minutes of the September 3, 2020 Board of Supervisors’ Meeting

MINUTES OF MEETING

SUNBRIDGE STEWARDSHIP DISTRICT BOARD OF SUPERVISORS’ MEETING
Thursday, September 3, 2020 at 3:30 p.m.
Via telephonic conferencing due to the COVID-19 Executive Orders 20-52, 20-69, & 20-193.

Board Members Present:

Richard Levey	Chair
Brent Schademan	Assistant Secretary
Julie Salvo	Assistant Secretary
Frank Paris	Assistant Secretary Also Present:
Lynne Mullins	PFM
Jennifer Walden	PFM
Kevin Plenzler	PFM Financial Advisors, LLC
Johnathan Johnson	District Counsel
Clint Beaty	Tavistock
Cristyann Courtney	Tavistock
Christie Baxter	Poulos & Bennett

FIRST ORDER OF BUSINESS	Call to Order and Roll Call

The meeting was called to order. The Board Members, staff, and public in attendance are outlined above.

SECOND ORDER OF BUSINESS	Public Comment Period

Dr. Levey noted for the record there were no members of the public present.

THIRD ORDER OF BUSINESS	Discussion	regarding	Executive Orders 20-52, 20-69, & 20-193

Ms. Mullins stated Executive Orders 20-52, 20-69 and 20-179 included in the packet are these executive orders which state that the District is able to hold their meetings via telephonic conferencing due to the COVID-19 situation. Also, included is a proof of the ad that was placed for today’s meeting which notes those executive orders as well as the telephonic conferencing information. No action is required by happy to answer any questions.

FOURTH ORDER OF BUSINESS	Consideration of the Minutes from the August 21, 2020 Board of Supervisors’ Meeting

The Board reviewed the minutes for the August 21, 2020 Board of Supervisors’ Meeting.

On MOTION by Mr. Schademan, seconded by Mr. Paris, with all in favor, the Board approved the minutes for the August 21, 2020 Board of Supervisors’ Meeting.

FIFTH ORDER OF BUSINESS	Consideration of Lighting Installation, Upgrade and Service Agreement (Cyrils Drive Phase 1)

Mr. Johnson stated this is an agreement with the Orlando Utilities Commission which will provide for the installation, upgrade and service elements of street lighting along Cyrils Drive Phase 1. Staff has reviewed and is recommending approval.

Dr. Levy asked Ms. Mullins if this item was covered in the budget. Ms. Mullins stated this was not included in the Fiscal Year 2021 Budget but there are a few line items we could move around. Mr. Beaty stated he believes the monthly amount is under $1,000.00. Dr. Levey requested that we bring a proposed amended budget back before the Board including a lighting line item.

On MOTION by Ms. Salvo, seconded by Mr. Paris, with all in favor, the Board approved the Lighting Installation, Upgrade and Service Agreement (Cyrils Dive Phase 1).

SIXTH ORDER OF BUSINESS	Consideration of Cyrils Drive Mobility Fee Credit Agreement - Tabled

Mr. Johnson asked that this item be table till next month.

SEVENTH ORDER OF BUSINESS	Consideration of Mobility Free Credit Administration Agreement - Tabled

Mr. Johnson asked that this item be table till next month.

EIGHTH ORDER OF BUSINESS	Ratification of Payment Authorization No. 101

The Board reviewed Payment Authorization 101. Dr. Levey noted this has been approved, paid, and needs to be ratified by the Board.

On MOTION by Mr. Paris, seconded by Mr. Schademan, with all in favor, the Board ratified Payment Authorization No. 101.

NINTH ORDER OF BUSINESS	Review of District’s Financial Position and Budget to Actual YTD

The Board reviewed the monthly financials as of August 31, 2020. Ms. Mullins noted the District is currently running under budget. There was no action required by the Board

TENTH ORDER OF BUSINESS	Staff Reports	
District Counsel-	No report		
District Manager-	No Report		
Engineer-	No Report		
ELEVENTH ORDER OF BUSINESS	Adjournment	

There was no further business to discuss. Dr. Levey requested a motion to adjourn.

ON MOTION by Mr. Schademan, seconded by Mr. Paris, the meeting September 3, 2020 meeting of the Sunbridge Stewardship District was adjourned.

 	_ 	_	 	_ 	
Secretary / Assistant Secretary	Chairman / Vice Chairman

Sunbridge Stewardship District

Amended Fiscal Year 2021 Proposed Budget

Sunbridge Stewardship District

FY 2020
Adopted Budget	FY 2021
Proposed Amended Budget	

$	-
178,200.00
$  178,200.00		
$

$	
206,875.00
-
206,875.00	

$	2,475.00
6,000.00
50,000.00
12,000.00
5,000.00
25,000.00
- 125.00
6,000.00
500.00
200.00
300.00
500.00
8,000.00
2,400.00
- 200.00
3,025.00
50,000.00
- 6,475.00
$  178,200.00		
$

$	
2,700.00
6,000.00
70,000.00
12,000.00
5,000.00
25,000.00
7,500.00
125.00
6,000.00
500.00
200.00
300.00
500.00
8,000.00
2,400.00
12,000.00
175.00
3,200.00
38,000.00
800.00
6,475.00
206,875.00	

  $ 178,200.00 		
  $ 	
206,875.00 	
$	-	$	-	

FY 2021 O&M Proposed Amended Budget

Revenues
On-roll Assessments Developer Contributions
Net Revenues

General & Administrative Expenses
D&O Insurance Trustee Services Management Engineering Dissemination Agent District Counsel
Assesssment Administration Reamortization Schedules Audit
Travel and Per Diem Telephone
Postage & Shipping Copies
Legal Advertising
Web Site Maintenance Lighting
Dues, Licenses, and Fees General Insurance
Landscaping Maintenance & Material Quickbooks Subscription Contingency
 
Total General & Administrative Expenses

Total Expenses

Net Income (Loss)

Page 1 of 1

Sunbridge Stewardship District

Cyrils Drive Mobility Fee Agreement

AGREEMENT FOR
CYRILS DRIVE

THIS  AGREEMENT  (“Agreement”)  is  made  and  entered   into  this 	day of
 	, 2020 (the “Effective Date”) by and between Osceola County, a political subdivision of the State of Florida (the “County”), and Tavistock East Services, LLC, a Florida limited liability company (the “Developer”), as joined in and consented to by Central Florida Property Holdings 700, LLC, a Florida limited liability company, Central Florida Property Holdings 600, LLC, a Florida limited liability company, Suburban Land Reserve, Inc., a Utah corporation, Central Florida Property Holdings 500, LLC, a Florida limited liability company, Central Florida Property Holdings 300, LLC, a Florida limited liability company, Tavistock East I, LLC, a Florida limited liability company, Tavistock East II, LLC, a Florida limited liability company, and Sunbridge Stewardship District, a local unit of special-purpose government established pursuant to Chapter 2017-220, Laws of Florida (the “ISD”) (collectively, the “Owners”).

RECITALS

WHEREAS, the Developer and the Owners are the owners of their respective portions of approximately 2,713.793 acres of real property located within Osceola County, Florida, as is more specifically described and depicted in Exhibit “A” attached hereto and incorporated herein by this reference (the “Property”); and

WHEREAS, the development of the Property is governed by that certain master plan known as the “Concept Plan 1 – NED/Sunbridge” (the “Concept Plan”), pursuant to CP17- 00002 approved on July 19, 2017, as revised pursuant to CP18-0002 approved by Osceola County Development Review Committee on December 5, 2018 and other associated approvals (collectively, the “Development Approvals”); and

WHEREAS, the Developer intends to develop a mixed use development on the Property consisting in part of approximately 4,632 residential units, 396,954 square feet of commercial space, 2,457,764 square feet of office space, 336,920 square feet of industrial and related amenities, 180,430 square feet of civic space, 450 hotel rooms, and 2 school sites (the “Project” or “Sunbridge Project”); and

WHEREAS, the Property is located within the vicinity of Cyrils Drive; and

WHEREAS, the County has previously identified a need to widen and otherwise improve Cyrils Drive as more specifically described in Section 2 below (collectively, the “Cyrils Drive Improvements”) according to the Conceptual Design Study for Roadways in Narcoossee, accepted by the Osceola County Board of County Commissioners on February 19, 2018, as more specifically provided for herein as to Cyrils Drive from Narcoossee Road to the east boundary of the approved Concept Plan (CP 18-0002) (the “Narcoossee Study”); and

WHEREAS, the Developer is willing to facilitate the design, permitting, mitigation and construction of the Cyrils Drive Improvements (the “Reimbursable Credit Eligible Projects”), in exchange for mobility fee credits and other consideration pursuant to Chapter 17, Article 2 of the Osceola Code of Ordinances and pursuant to the terms and conditions, as further provided for herein; and

WHEREAS, the Developer and Owners are willing to convey to the County the right-of- way owned by Developer and Owners which is needed for the ultimate four lane Cyrils Drive Improvements (the “ROW”) in exchange for mobility fee credits pursuant to the terms and conditions, as further set forth herein; and

WHEREAS, the County shall proceed with acquiring additional right-of-way and stormwater management areas (if any) necessary for the Off-Site Improvements, as hereinafter defined and as determined by the sixty percent (60%) or ninety percent (90%) design level plans (the “Additional Property”); and

WHEREAS, the County is the owner of an existing pond as generally depicted in Exhibit “B”, attached hereto and incorporated herein by this reference, and the County is willing to allow Developer, its successors and assigns, to use the excess capacity or additional capacity created by Developer, which may exist now or in the future, in the pond for the Cyrils Drive Improvements; and

WHEREAS, the County has determined that the Cyrils Drive Improvements will provide an integral part of the County’s planned transportation network; and

WHEREAS, the County Manager has determined that the costs associated with the Reimbursable Credit Eligible Projects are eligible for mobility fee credits in accordance with Section 17- 45 of the Mobility Fee Ordinance and as further set forth in this Agreement; and

WHEREAS, the County has determined that the acquisition of the Additional Property, the construction of the Reimbursable Credit Eligible Projects, and the acquisition of the ROW, and other obligations pursuant to this Agreement serve a proper public benefit and will further the goals, objectives and policies of the Osceola County Comprehensive Plan and will significantly benefit the residents of Osceola County; and

WHEREAS, the County acknowledges that it will cooperate with any Permitted Assignee (as defined herein) to enter into a maintenance agreement for the landscape, hardscape and irrigation related to the Cyrils Drive Improvements; and

WHEREAS, this Property is located within the St. Cloud Joint Planning Agreement (the “JPA”) that is presently being modified and the County agrees to provide reasonable updates to Developer concerning those negotiations in order for the Developer to determine if any of the anticipated changes may impact the Developer; and

WHEREAS, the County has identified Jack Brack Road, Jones Road and Rummell Road as framework roads within the TRN Map Series and separate mobility fee credit agreements will describe those improvements and the level of the mobility fee credits available to the Developer.

NOW THEREFORE, in consideration of the mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby expressly acknowledged by the parties hereto, the parties agree as follows:

Section 1.	Recitals.

The foregoing recitals are true and correct and are incorporated herein by this reference.

Section 2.	The Cyrils Drive Improvements.

The Developer shall be responsible for the design, permitting, mitigation, and construction of the Cyrils Drive Improvements which shall ultimately consist of the following: (i) a four lane, divided Boulevard, from Narcoossee Road to the east boundary of the approved Concept Plan (CP18- 00002), (ii) the Design Elements (as defined herein), if applicable, and (iii) all stormwater management areas required by the South Florida Water Management District. There are portions of Cyrils Drive that are considered off-site which for this Agreement are improvements between Narcoossee Road and Absher Road (the “Off-Site Improvements”), with the remainder of Cyrils Drive considered to be within the Development Approvals (the “On-Site Improvements”), which collectively make up Cyrils Drive Improvements. The design of the Cyrils Drive Improvements shall be consistent in all material respects with the cross sections as generally depicted in Exhibit “C”, attached hereto and incorporated herein by this reference, which cross section was established in the Narcoossee Study.

In the event the County desires enhanced design elements for the Cyrils Drive Improvements these enhanced roadway design elements shall be eligible for reimbursement. Accordingly, the enhanced roadway design elements (the “Design Elements”) are optional and shall be deemed upgraded features over the County’s minimum required standards and may include, street trees, conduit to support Intelligent Transportation Systems (ITS) which shall include at a minimum Fiber Optic Cable (FOC) communication and Closed Caption Television cameras (CCTV’s) and street light conduit. The Parties acknowledged that Developer may desire enhanced street lights. The County shall be responsible for standard street lighting facilities, which includes poles, wires, fixtures and other associated parts and materials. Any enhancements to the standard street light above the standard street lighting facilities, as may be desired by Developer shall be responsibility of the Developer.

The Cyrils Drive Improvements shall be dedicated to and accepted by the County as public facilities. Developer shall have the right to convey the on-site ROW and/or the On-Site Improvements to the ISD whereby the ISD shall convey the on-site ROW and the Cyrils Drive Improvements to the County as and when and otherwise in the manner required hereunder; provided, however, Developer shall retain the right to receive the mobility credits to be granted hereunder. Developer shall, with the County’s assistance, obtain all necessary regulatory permits and approvals required to construct the Cyrils Drive Improvements and shall comply with all applicable local, state and federal regulations and requirements, and the Osceola County Land Development Code. The County’s permits and approvals shall be coordinated through the Osceola County Transportation and Transit Department and such final approval shall be evidenced by the

issuance of a Right of Way Permit (“ROW Permit”). The Developer shall present the design and engineering plans (the “Design Plans”) to the County at the following stages of completion: thirty percent (30%) design level, sixty percent (60%) design level, and ninety percent (90%) design level, for review and approval by the County. Final plans will be presented to Development Review Committee for Final SDP Approval. The County agrees to timely review and approve the Design Plans and provide written comments to Developer within twenty (20) days of the receipt of any Design Plans. The parties acknowledge and agree that (1) the design of the bridge as generally depicted in Exhibit “C”, attached hereto and incorporated herein by this reference, may be a bridge span or box culvert design (or both) and (2) the design of the Cyrils Drive Improvements shall be in accordance with the scope reviewed and accepted by the County, between the Developer and Poulos & Bennett, LLC as Exhibit “D”, attached hereto and incorporated herein by this reference.

The County shall obtain, the necessary legal descriptions, surveys, right of way mapping, appraisals, and title work, based upon the sixty percent (60%) Design Plans or ninety percent (90%) Design Plans, in the County sole discretion (collectively, the “Acquisition Documents”) in order for the County to obtain the necessary off-site right of way either by agreement or eminent domain for the Additional Property.

The Developer and Owners shall convey (or shall cause the conveyance of) unencumbered fee simple title, except for title encumbrances acceptable to the County, to the on-site ROW in its present ownership to the County by plat or deed , subject to the reimbursement provisions set forth below. The County shall require the dedication and conveyance of any and all right-of-way, stormwater management areas, and easements necessary for the On-Site Improvements as part of any development approvals.

The County agrees that it shall initiate the acquisition of the Additional Property upon approval of the sixty percent (60%) Design Plans or ninety percent (90%) Design Plans at the sole discretion of the County. If necessary, the County shall adopt a Resolution of Necessity and shall exercise its power of eminent domain to obtain the Additional Property.

The Developer shall begin the design for the Cyrils Drive Improvements within thirty (30) days of execution of this Agreement by the County (provided that a copy of the same is promptly delivered to the Developer).

The Developer shall determine the excess pond capacity of the pond shown in Exhibit “B” that may be used for stormwater management for the Cyrils Drive Improvements and those certain Narcoossee/Cyrils Drive intersection improvements further defined herein (the ‘Narcoossee Intersection Improvements”). The County agrees to allow access to the pond under the Final Intersection SDP Approval. From and after the Effective Date, the County shall hereby reserve for the benefit of the Cyrils Drive Improvements any existing or additional capacity which may be created in the pond, which reservation shall automatically expire upon the completion of the Cyrils Drive Improvements, as evidenced by the issuance of a certificate of completion, or its equivalent, by the County.

The County acknowledges that completing the Narcoossee Intersection Improvements is a priority. In order to help advance the construction of the ultimate Narcoossee Intersection Improvements,

the Developer agrees to provide funding for the additional right of way needed for the design and construction of the Narcoossee Intersection Improvements as set forth in the preliminary design plans attached hereto marked Exhibit E and incorporated herein by this reference which will also include costs such as appraisals, surveys, legal fees, not exceeding $50,000.00 (the “Cost Payment”), needed to obtain the additional right of way for the Narcoossee Intersection Improvements (the “Additional Funding”). The Developer will remit the Cost Payment within ten
days of the execution of this Agreement. Developer may provide the Cost Payment prior to the Effective Date of this Agreement with the understanding that it will not be repaid if this Agreement is not approved by the Board of County Commissioners of Osceola County, Florida. As soon as the Cost Payment is made, the County agrees to immediately proceed with acquiring the appraisals, surveys and other services necessary to begin the process of obtaining the additional right of way for the Narcoossee Intersection. Payment for the Additional Funding shall be made within thirty (30) days of receipt from the County of an executed agreement for the acquisition of this additional property. The Cost Payment and Additional Funding provided by the Developer for the acquisition of this additional property shall be reimbursed in cash from mobility fee payments received from the Project which shall be captured in a separate mobility fee account (the “Separate Account”) for this purpose. The County agrees to transfer mobility fees already received from the Del Webb project prior to the execution of this Agreement into the Separate Account. When the balance in the Separate Account has enough funds to pay the Additional Funding back to Developer, the County shall remit payment to Developer. If a new Mobility Fee District is created that includes this Project within its legal description the funds from the Separate Account will be deposited into the new Mobility Fee District account and any funds received into the new Mobility Fee District account will be used to first repay the Cost Payment and Additional Funding to Developer. It is estimated that there will be a sufficient flow of cash collected within the new Mobility Fee District to repay the Cost Payment and Additional Funding to Developer within two years. The parties agree to share information and monitor the flow of cash and continue to work together in good faith to address the repayment of the Cost Payment and Additional Funding.

In the event, the County does not have adequate funds from the new Mobility Fee District, the Separate Account or other funding sources to obtain the Additional Property, the Developer agrees to advance fund the estimated amount needed over and above the amount the County has available to obtain the Additional Property. Upon written notice from the County, the Developer shall provide the funding still needed by the County within 45 days of receipt of this notice ( the “Funding for Additional Property”). The County will reimburse the Developer in cash the amount of Funding for Additional Property as soon as there are funds available from the new Mobility Fee District or Separate Account. The parties agree to share information and monitor the flow of cash and continue to work together in good faith to address the repayment of the Funding for Additional Property.

The County will provide an accounting of the spending of the Cost Payment, Additional Funding, and Funding for Additional Property upon request by Developer.

The County and Tavistock East Services, LLC previously entered into an agreement dated July 8, 2019, as recorded in Official Records Book 5554, page 1216 Public Records of Osceola County, Florida (the “Interim Agreement”). It is attached as Exhibit “I” and incorporated herein by reference. The Interim Agreement set forth the terms for an interim design. This is being updated by this Agreement as the “ultimate” design will be constructed as contemplated in Exhibit “E”.

The Interim Agreement set forth the percentage of mobility fee credits to be received. These percentages will remain the same. Exhibits C, D and E of the Interim Agreement are being amended pursuant to this Agreement.

Section 3.	Reimbursement.

The County agrees that the Developer shall be entitled to the following mobility fee credits:

Reimbursement for the Cyrils Drive Improvements in the form of mobility fee credits as set forth herein, based upon fifty-two percent (52%) of the actual cost of the design, permitting, and construction for the Cyrils Drive Improvements (the “Construction Costs”) as estimated in Exhibit “F” attached hereto and incorporated herein by this reference. The fifty-two percent (52%) figure represents the excess traffic capacity created by the Cyrils Drive Improvements for non-Sunbridge Project related traffic as determined by the HNTB report.

Reimbursement in the form of mobility fee credits equal to fifty-two percent (52%) of the total value of the acres for the ROW based on a value of $79,053.00 per acre for the ROW conveyances from the Developer and Owners as to the On-Site Improvements.

Reimbursement in the form of cash for all funds provided by the Developer to the County for additional property acquired for the Narcoossee Intersection Improvements.

Section 4.	Method of Reimbursement for Mobility Fees.

Mobility Fee Account. The County agrees to establish a separate mobility fee account (the “Mobility Fee Account”) for the benefit of the Developer as a means of accounting for all mobility fees credits. As long as the separate Mobility Fee Account has a positive credit balance, the County shall direct any applicant for a building permit (or any permit that triggers payment of mobility fees) on the Property and any applicant for a building permit from any development lying within the real property being generally depicted on Exhibit “G”, attached hereto and incorporated herein by this reference (the “Adjacent Property”), to the Developer so that the Developer has the opportunity (at its election) to transfer the required mobility fee credits to such applicant, upon applicant’s payment to the Developer for such credits in such amount to be determined in Developer’s sole discretion Upon receipt of a transfer of mobility fee credits from the Developer to the applicant, the County shall deduct the applicable credits from the Developer’s Mobility Fee Credit Account, and shall accept such credits as payment for such applicant’s mobility fees. In the event the County has established a separate mobility fee zone for the Sunbridge Project and the Narcoossee Overlay District, this Agreement may be modified upon Developer’s request to the County.

Construction Costs. The Developer shall receive mobility fee credits from the County by delivering to the County a certification of the Construction Costs prepared by the Developer’s engineer indicating the percentage of work completed through the date of certification. The certifications shall be accompanied by invoices for the actual expenditures and any other documentation substantiating the actual expenditures that the County may reasonably require. Reimbursement for the Developer’s actual expenditures for the Construction Costs shall be provided for by the County by crediting the Mobility Fee Account established pursuant to subpart A above. The mobility fee credits shall be available to the Developer upon inspection,

approval and acceptance of the certification by the County, which shall not be unreasonably withheld, conditioned or delayed.

Real Property Conveyances. Upon conclusion of any conveyance of the fee simple title of real property, free and clear of any and all liens, to the County from Developer (including property conveyed by plat) and any Owners for ROW for On-Site Improvements, Developer shall be reimbursed in the form of mobility fee credits for fifty-two percent (52%) of the total On-Site ROW acreage times the acreage value of $79,053.00 per acre.

At the time of the conveyance, the Developer, or its successors or assigns, shall be responsible for the payment of any applicable ad valorem taxes, which are due on the dedicated property, on a prorated basis, through the date of the conveyance. This shall be paid to the County as follows:

In the event fee title to property is conveyed between January 1 and November 1 the Developer shall be required to place in escrow with the Osceola County Tax Collector an amount equal to the current taxes prorated to the date of transfer of title, based upon the current assessment and millage rates on the property involved and all taxes due from prior years.

After November 1, the Developer shall be required to pay directly to the Osceola County Tax Collector the entire tax obligation for the period of January 1 through the date of closing for the current year and any delinquent taxes due from prior years.

Section 5.	Maintenance Agreements

The Developer, the ISD, a property owners’ association, a homeowners’ association, and/or any governmental or quasi-governmental entity having jurisdiction over the Property (the “Permitted Assignee(s)”), as determined by Developer in its reasonable discretion, shall be required to enter into maintenance agreements with the County for the landscape, hardscape and irrigation maintenance associated with the on-site Cyrils Road Improvements.

Section 6.	Temporary Wayfinding

The construction schedule for Cyrils Drive Improvements is projected to occur over several years. In order to facilitate public awareness of the project and to ease confusion about wayfinding in the Narcoossee Road area, the County agrees to cooperate with the Developer to provide temporary wayfinding signage within the Cyrils Drive right-of-way along the planned corridor for the Cyrils Drive Improvements.

Section 7.	Satisfaction of Condition.

Upon approval of this Agreement, the County agrees to have Long Range Planning issue an update Concept Plan (“CP”) Approval letter to remove Condition No. 2 and Condition No. 3 of CP18- 00002 which will eliminate any cap on issuing building permits as long as these is continued compliance of the Milestone Schedule as set forth in Exhibit “H” attached hereto and incorporated

herein by this reference. The parties covenant and agree that the time periods and dates for performance under the Milestone Schedule are contingent upon the County acquiring the Additional Property needed for 100% design and subject to any delays caused by Force Majeure Events. As used herein, “Force Majeure Events” shall mean any work stoppages; strikes; lockouts; labor troubles; accidents or casualties; inability to procure materials; governmental laws or regulations; casualty; orders or directives of any legislative, administrative, or judicial body or any governmental department; acts of war or terrorism; inability to obtain any governmental licenses, permissions or authorities (despite commercially reasonable pursuit of such licenses, permissions or authorities); lock-outs; fire, flood, marine disaster or transportation disasters; epidemics, pandemics or quarantine restrictions; adverse weather conditions, explosion, or earthquake; acts of God, state or public enemy, including but not limited to war, hijacking, terrorism, or threatened act of terrorism; riots, civil disorder, or insurrection; embargo or other disruption or interference with trade (except commercial contingencies, e.g., changing markets, business declines, etc.); government sanction, prohibition, or restraint (including governmental import restrictions or voluntary quotas arising from the threat of government restraint); civil commotion; exceptional circumstances arising from the threat of any of the foregoing; and any other unforeseen event beyond the reasonable control of the Developer that renders or is reasonably expected to render performance hereunder commercially impractical, illegal, or impossible to perform.

The Developer agrees that development of the southern portion of the CP18-00002 will require a connection and subsequent construction of portions of Jack Brack Road to be addressed in a subsequent Developer’s Agreement. Additionally, as the remainder of the NED is developed, additional roadways such as Jones Road and Rummell Road will need to be addressed in subsequent mobility fee agreements. The County acknowledges that both Jones Road and Rummell Road are framework roads and mobility fee eligible.

Section 8.	Governing Law/Venue.

This Agreement, and all extensions, renewals, amendments, supplements, and modifications thereto, and all questions relating to the validity, interpretation, performance, or enforcement thereof shall be governed by and construed in accordance with the laws of the State of Florida. Except for a suit in Federal court, venue for all suits to enforce this Agreement shall be in Osceola County, Florida. All legal disputes, proceedings, or actions arising out of or in connection with this Agreement shall be brought in the Circuit Courts of Osceola County, Florida, or, if appropriate, the United States District Court for the Middle District of Florida, Orlando Division. Each of the parties hereto warrants and represents that this Agreement is valid, binding and enforceable against and in accordance with the terms and conditions of Florida law.

Section 9.	Notices.

All notices which are required or permitted under this Agreement shall be given to the parties by certified mail, return receipt requested, hand delivery or express courier and shall be effective upon receipt when delivered to the parties at the addresses set forth below (or such other addresses as provided by the parties by written notice delivered in accordance with this paragraph):

If to the Developer:	Tavistock East Services, LLC
6900 Tavistock Lakes Boulevard, Suite 200
Orlando, Florida 32827
Attention: James L. Zboril and Michelle Rencoret

With a copy to:	Jo O. Thacker
Nelson Mullins
390 North Orange Avenue, Suite 1400
Orlando, Florida 32801

If to the Owner:	Central Florida Property Holdings 700, LLC
51 South Main Street, Suite 301 Salt Lake City, Utah 84111
Attention: R. Steven Romney and David Cannon

Central Florida Property Holdings 600, LLC 51 South Main Street, Suite 301
Salt Lake City, Utah 84111
Attention: R. Steven Romney and David Cannon

Suburban Land Reserve, Inc. 51 South Main Street, Suite 301 Salt Lake City, Utah 84111
Attention: R. Steven Romney and David Cannon

Central Florida Property Holdings 500, LLC 51 South Main Street, Suite 301
Salt Lake City, Utah 84111
Attention: R. Steven Romney and David Cannon

Central Florida Property Holdings 300, LLC 51 South Main Street, Suite 301
Salt Lake City, Utah 84111
Attention: R. Steven Romney and David Cannon

If to the Owner:	Tavistock East I, LLC
6900 Tavistock Lakes Boulevard, Suite 200
Orlando, Florida 32827
Attention: James L. Zboril and Michelle Rencoret

Tavistock East II, LLC
6900 Tavistock Lakes Boulevard, Suite 200
Orlando, Florida 32827
Attention: James L. Zboril and Michelle Rencoret

Sunbridge Stewardship District c/o Hopping Green & Sams, P.A.
119 South Monroe Street, Suite 300 Post Office Box 6526
Tallahassee, Florida 32314
Attention: Jonathan Johnson

If to County:	Osceola County
1 Courthouse Square, Suite 1100
Kissimmee, Florida 34741
Attention: County Manager and County Attorney

With a copy to:	Tawny H. Olore, P.E.
Executive Director of Transportation and Transit Osceola County
1 Courthouse Square
Kissimmee, Florida 34741

Section 10.	Public Records.

IF THE DEVELOPER HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE DEVELOPER’S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT:

Public Information Office
1 Courthouse Square, Suite 3100
Kissimmee, FL 34741
407-742-0100
BCCPIO@osceola.org

The Developer understands that by virtue of this Agreement any of its documents, records and materials of any kind, received and created as a result of the provisions of this Agreement that are made or received in connection with the transaction of official business of the County (as defined in Section 119.011(12), Florida Statutes) are public records, and that such public records shall be open to the public for inspection in accordance with Florida law.

This Agreement does not contemplate that the Developer will be acting on behalf of the County or vice versa; however, if at any time the Developer will act on behalf of the County, as provided under Section 119.011(2), Florida Statutes, the Developer, subject to the terms of Section 287.058(1)(c), Florida Statutes, and any other applicable legal and equitable remedies, shall:

Keep and maintain public records required by the County to perform the
service.

Upon request from the County’s custodian of public records, provide the
County 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 Florida 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 Agreement term and following completion of the Agreement if the Developer does not transfer the records to the County.

Upon completion of the Agreement, transfer, at no cost to the County, all public records in possession of the Developer or keep and maintain public records required by the County to perform the service. If the Developer transfers all public records to the County upon completion of the Agreement, the Developer shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. If the Developer keeps and maintains public records upon completion of the Agreement, the Developer shall meet all applicable requirements for retaining public records. All records stored electronically must be provided to the County upon written request from the County’s custodian of public records, in a format that is compatible with the information technology systems of the County.

If the Developer does not comply with a public records request, the County shall enforce the contract provisions in accordance with the Agreement.

Provided, however, that the Developer is subject to the aforementioned requirements of Section 119.011(2), Florida Statutes, only to the extent it creates or receives such documents while performing a public function on behalf of the County.

Section 11.	Audit.

In the performance of this Agreement, the Developer shall keep and maintain books, records and accounts of all activities related to this Agreement, in compliance with generally accepted accounting procedures. Throughout the term of this Agreement, books, records and accounts related to the performance of this Agreement shall be open to inspection during regular business hours by an authorized representative of the County and shall be retained by the Developer for a period of three (3) years after termination or completion of the Agreement or until the full County audit is complete, whichever comes first. The County shall retain the right to audit the books during the three-year retention period. All books, records and accounts related to the performance of this Agreement shall be subject to the applicable provisions of the Florida Public Records Act, Section 119, Florida Statutes. The County also has the right to conduct an audit within sixty (60) days from the Effective Date of this Agreement to determine whether the

Developer has the ability to fulfill their contractual obligations to the satisfaction of the County. The County has the right to terminate this Agreement based upon its finding in this audit.

Section 12.	Assignability.

The County and the Developer hereto acknowledge and agree that the Developer shall have the right (but not the obligation) to assign (or partially assign) its rights and obligations under this Agreement to any entity holding title to all or any part of the Property and shall provide written notice to the County of any assignment. Upon such assignment by the Developer and written notice thereof to the County, the Developer shall thereupon be released and discharged from any and all obligations arising under this Agreement as related to that portion of the Property subject to said assignment. Nothing contained herein shall be deemed to limit or prohibit the Developer’s or its permitted assigns’ rights to assign mobility fee credits, park impact fee credits or fire impact fee credits to third-parties.

Section 13.	Amendments.

No amendment, modification or other changes to this Agreement shall be binding upon the County, the Owners, and the Developer, unless in writing and executed by all three parties.

Section 14.	Successors and Assigns Bound.

The rights and obligations contained in this Agreement shall be binding upon and shall inure to the benefit of the successors and assigns of the County and the Developer, including any permitted assigns in accordance with Section 12.

Section 15.	Effective Date.

This Agreement shall become effective upon the date the last of the parties execute this Agreement and such date shall be input on Page 1 for the “Effective Date”.

Section 16.	Counterparts.

This Agreement may be executed in any number of counterparts each of which, when executed and delivered, shall be an original, but all counterparts together constitute duplicates of the one and same instrument.

Section 17.	Recording.

The County shall record this Agreement in the Public Records of Osceola County, at the County's expense.

Section 18.	Severability.

All clauses found herein shall act independently of each other. If a clause is found to be illegal or unenforceable, it shall have no effect on any other provision of this Agreement. It is understood by the parties hereto that if any part, term, or provision of this Agreement is by the courts held to be illegal or in conflict with any law of the State of Florida or the United States, the

validity of the remaining portions or provisions shall not be affected, and the rights and obligations of the parties shall be construed and enforced as if the Agreement did not contain the particular part, term, or provision held to be invalid.

Section 19.	Approvals.

Whenever any review or approval is required by any party, such party agrees that such review or approval will be promptly conducted and concluded. Moreover, each party agrees that it will act reasonably in exercising its review and approval functions hereunder and no approval shall be unreasonably conditioned, delayed or withheld.

Section 20.	Further Assurances.

The County and the Developer agree to execute any and all further instruments and documents and to take all such actions as may be reasonably required to carry out the terms of this Agreement and the transactions contemplated herein. No such joinder by the Owners shall be required in order to effectuate any subsequent amendment or modification to this Agreement, unless such amendment or modification materially affects Owners liabilities or obligations described hereunder.

Section 21.	Headings.

The headings inserted at the beginning of each paragraph are for convenience only, and do not add to or subtract from the meaning of the contents of each paragraph.

Section 22.	Time.

Time is of the essence of this Agreement. Wherever under the terms and provisions of this Agreement the time for performance falls upon a Saturday, Sunday, or legal holiday for which national banks with offices in Osceola County, Florida are not open for business, such time for performance shall be extended to the next business day.

Section 23.	Entire Agreement.

This Agreement contains the entire agreement of the parties hereto, and no representations, inducements, promises or agreements, oral or otherwise, between the parties not embodied herein shall be of any force or effect. Any amendment to this Agreement shall not be binding upon any of the parties hereto unless such amendment is in writing and executed by the parties hereto.

Section 24.	Term.

This Agreement shall remain in effect for thirty (30) years following the Effective Date.

Section 25.	Effect of Administrative Procedures.

Notwithstanding the adoption of any administrative procedures in respect of mobility fees or mobility fee credits by the County after the Effective Date of this Agreement, such procedures which are inconsistent with the provisions of this Agreement shall not be deemed to affect relevant portions of this Agreement, and this Agreement shall control as to such matters.

[SIGNATURES APPEAR ON THE FOLLOWING PAGES]

IN WITNESS WHEREOF, the County and the Developer hereto have, by their duly authorized representatives, executed this Agreement on the dates set forth below.

COUNTY:

BOARD OF COUNTY COMMISSIONERS OF OSCEOLA COUNTY, FLORIDA

By:		 Chairman/Vice Chairman

ATTEST:
OSCEOLA COUNTY CLERK OF THE BOARD

By:		 Clerk/ Deputy Clerk of the Board

As authorized for execution at the Board of County Commissioners meeting of:

DEVELOPER:

Signed, sealed and delivered	TAVISTOCK EAST SERVICES, LLC
in the presence of:	a Florida limited liability company

By:  	
Witness Signature	James L. Zboril, President Witness (Print Name)

Witness Signature Witness (Print Name)

STATE OF FLORIDA	) COUNTY OF ORANGE	)

The foregoing instrument was acknowledged before me by means of [ ] physical presence or  [    ]  online  notarization,  this           day of 	, 2020, by James L. Zboril, as President of TAVISTOCK EAST SERVICES, LLC, a Florida limited liability company, on behalf of      said      company.      He      is      personally      known      to      me      or      has   produced
 	 as identification (if left blank, then personally known to me).

(Signature of Notary Public)

(Typed name of Notary Public) Notary Public, State of Florida Commission No.: 	 My Commission Expires: 	

JOINDER AND CONSENT

The undersigned Owners hereby join in and consent to this Agreement for purposes of agreeing to dedicate, transfer and convey any portion of the Additional Property lying within the undersigned’s lands as and when required by the Agreement, subject to the terms and provisions
of this Agreement.		
	OWNER:	
Signed, sealed and delivered	CENTRAL FLORIDA PROPERTY	
in the presence of:	HOLDINGS 700, LLC, a Florida limited	
	liability company	

By:  	
Witness Signature	R. Steven Romney, Manager Witness (Print Name)

Witness Signature Witness (Print Name)
STATE OF UTAH	) COUNTY OF SALT LAKE )

The foregoing instrument was acknowledged before me by means of [ ] physical presence or [    ] online notarization, this             day of 	, 2020, by R. Steven Romney, as Manager of CENTRAL FLORIDA PROPERTY HOLDINGS 700, LLC, a Florida limited liability company, on behalf of said company. He is personally known to me or has produced
 	 as identification (if left blank, then personally known to me).

(Signature of Notary Public)

(Typed name of Notary Public) Notary Public, State of Florida Commission No.: 	 My Commission Expires: 	

OWNER:

Signed, sealed and delivered	CENTRAL FLORIDA PROPERTY
in the presence of:	HOLDINGS 600, LLC, a Florida limited liability company

By:  	
Witness Signature	R. Steven Romney, Manager Witness (Print Name)

Witness Signature Witness (Print Name)

STATE OF UTAH	)
) COUNTY OF SALT LAKE  )

The foregoing instrument was acknowledged before me by means of [ ] physical presence or [    ] online notarization, this             day of 	, 2020, by R. Steven Romney, as Manager of CENTRAL FLORIDA PROPERTY HOLDINGS 600, LLC, a Florida limited liability company, on behalf of said company. He is personally known to me or has produced
 	 as identification (if left blank, then personally known to me).

(Signature of Notary Public)

(Typed name of Notary Public) Notary Public, State of Florida Commission No.: 	 My Commission Expires: 	

OWNER:

Signed, sealed and delivered	SUBURBAN LAND RESERVE, INC.,
in the presence of:	a Utah corporation

By:  	
Witness Signature	R. Steven Romney, President

Witness (Print Name) Witness Signature Witness (Print Name)

STATE OF UTAH	)
) COUNTY OF SALT LAKE  )

The foregoing instrument was acknowledged before me by means of [ ] physical presence or [    ] online notarization, this             day of 	, 2020, by R. Steven Romney, as President of SUBURBAN LAND RESERVE, INC., a Utah corporation, on behalf of said corporation. He is personally known to me or has produced
 	 as identification (if left blank, then personally known to me).

(Signature of Notary Public)

(Typed name of Notary Public) Notary Public, State of Florida Commission No.: 	 My Commission Expires: 	

OWNER:

Signed, sealed and delivered	CENTRAL FLORIDA PROPERTY
in the presence of:	HOLDINGS 500, LLC, a Florida limited liability company

By:  	
Witness Signature	R. Steven Romney, Manager Witness (Print Name)

Witness Signature Witness (Print Name)

STATE OF UTAH	)
) COUNTY OF SALT LAKE  )

The foregoing instrument was acknowledged before me by means of [ ] physical presence or [    ] online notarization, this             day of 	, 2020, by R. Steven Romney, as Manager of CENTRAL FLORIDA PROPERTY HOLDINGS 500, LLC, a Florida limited liability company, on behalf of said company. He is personally known to me or has produced
 	 as identification (if left blank, then personally known to me).

(Signature of Notary Public)

(Typed name of Notary Public) Notary Public, State of Florida Commission No.: 	 My Commission Expires: 	

OWNER:

Signed, sealed and delivered	CENTRAL FLORIDA PROPERTY
in the presence of:	HOLDINGS 300, LLC, a Florida limited liability company

By:  	
Witness Signature	R. Steven Romney, Manager Witness (Print Name)

Witness Signature Witness (Print Name)

STATE OF UTAH	)
) COUNTY OF SALT LAKE  )

The foregoing instrument was acknowledged before me by means of [ ] physical presence or [    ] online notarization, this             day of 	, 2020, by R. Steven Romney, as Manager of CENTRAL FLORIDA PROPERTY HOLDINGS 300, LLC, a Florida limited liability company, on behalf of said company. He is personally known to me or has produced
 	 as identification (if left blank, then personally known to me).

(Signature of Notary Public)

(Typed name of Notary Public) Notary Public, State of Florida Commission No.: 	 My Commission Expires: 	

OWNER:

Signed, sealed and delivered	TAVISTOCK EAST I, LLC	
in the presence of:	a Florida limited liability company	
	
By:  		
Witness Signature	James L. Zboril, President	
		
Witness (Print Name)		
		
Witness Signature		
		
Witness (Print Name)		

STATE OF FLORIDA	) COUNTY OF ORANGE	)

The foregoing instrument was acknowledged before me by means of [ ] physical presence or  [    ]  online  notarization,  this           day of 	, 2020, by James L. Zboril, as President of TAVISTOCK EAST I, LLC, a Florida limited liability company, on behalf of said company. He is personally known to me or  has produced 		as identification (if left blank, then personally known to me).

(Signature of Notary Public)

(Typed name of Notary Public) Notary Public, State of Florida Commission No.: 	 My Commission Expires: 	

OWNER:

Signed, sealed and delivered	TAVISTOCK EAST II, LLC	
in the presence of:	a Florida limited liability company	
	
By:  		
Witness Signature	James L. Zboril, President	
		
Witness (Print Name)		
		
Witness Signature		
		
Witness (Print Name)		

STATE OF FLORIDA	) COUNTY OF ORANGE	)

The foregoing instrument was acknowledged before me by means of [ ] physical presence or  [    ]  online  notarization,  this           day of 	, 2020, by James L. Zboril, as President of TAVISTOCK EAST II, LLC, a Florida limited liability company, on behalf of said company. He is personally known to me or  has produced 		as identification (if left blank, then personally known to me).

(Signature of Notary Public)

(Typed name of Notary Public) Notary Public, State of Florida Commission No.: 	 My Commission Expires: 	

OWNER/ISD:

Signed, sealed and delivered	SUNBRIDGE STEWARDSHIP DISTRICT,
in the presence of:	a local unit of special-purpose government established pursuant to Chapter 2017-220, Laws of Florida

By:  	

Witness Signature	Richard L. Levey, Chairman Witness (Print Name)
Witness Signature Witness (Print Name)

STATE OF FLORIDA	) COUNTY OF ORANGE	)

The foregoing instrument was acknowledged before me by means of [ ] physical presence or [    ] online notarization, this             day of 	, 2020, by Richard L. Levey, as Chairman of the SUNBRIDGE STEWARDSHIP DISTRICT, a local unit of special-purpose government established pursuant to Chapter 2017-220, Laws of Florida, on behalf of said DISTRICT. He is personally known to me or has produced  		 as identification (if left blank, then personally known to me).

(Signature of Notary Public)

(Typed name of Notary Public) Notary Public, State of Florida Commission No.: 	 My Commission Expires: 	

EXHIBIT “A” PROPERTY

SUNBRIDGE (OSCEOLA) PHASE 1 CONCEPT PLAN

DESCRIPTION:

Lot 1, COUNTRY MEADOW NORTH, according to the plat thereof as recorded in Plat Book 2, Page 233 of the Public Records of Osceola County, Florida.

AND:

That part of Sections 1, 2, 11, 12, 13, 14, Township 25 South, Range 31 East, and that part of Section 6, Township 25 South, Range 32 East, Osceola County, Florida, described as follows:

BEGIN at the Northwest corner of said Section 11; thence S00°06'10"E along the West line of said Section 11 for a distance of 5368.81 feet to the Northwest corner of said Section 14; thence S00°03'13"W along the West line of said Section 14, a distance of 2640.87 to the North line of the Northwest 1/4 of the Southwest 1/4 of said Section 14; thence N89°11'32"E along said North line, a distance of 30.00 feet to the East line of a 30.00’ wide right-of-way as described in Deed Book 95, Page 353, of the Public Records of Osceola County, Florida; thence S00°03'13"W along said East line, a distance of 863.09 feet; thence departing said East line run N90°00'00"E, 1484.62 feet to the point of a curve concave Southerly having a radius of 770.00 feet and a chord bearing of S67°30'49"E; thence Easterly along the arc of said curve through a central angle of 44°58'21" for a distance of 604.39 feet to the point of tangency; thence S45°01'39"E, 359.25 feet to the point of curvature of a curve concave Northerly having a radius of 1200.00 feet and a chord bearing of S68°44'36"E; thence Easterly along the arc of said curve through a central angle of 47°25'54" for a distance of 993.41 feet to the point of tangency; thence N87°32'27"E, 1767.43 feet to the point of curvature of a curve concave Northerly having a radius of 3500.00 feet and a chord bearing of N82°16'32"E; thence Easterly along the arc of said curve through a central angle of 10°31'50" for a distance of 643.28 feet to the point of tangency; thence N77°00'37"E, 872.41 feet to the point of curvature of a curve concave Southerly having a radius of 2500.00 feet and a chord bearing of N86°39'57"E; thence Easterly along the arc of said curve through a central angle of 19°18'40" for a distance of 842.60 feet to a non-tangent line; thence N18°07'33"W, 2632.67 feet; thence N35°00'47"E, 6904.98 feet; thence N00°09'38"W, 4713.90 feet; thence N63°41'58"E, 424.11 feet
to the point of curvature of a curve concave Northwesterly having a radius of 5072.50 feet and a chord bearing of N50°03'12"E; thence Northeasterly along the arc of said curve through a central angle of 27°17'30" for a distance of 2416.18 feet to the point of tangency; thence N36°24'27"E,
44.08 feet to a point on the North line of the Northwest 1/4 of said Section 6; thence N89°35'05"W along said North line, a distance of 179.69 feet to a point on a non-tangent curve concave Northwesterly having a radius of 4927.50 feet and a chord bearing of S50°24'40"W; thence departing said North line run Southwesterly along the arc of said curve through a central angle of 26°34'35" for a distance of 2285.60 feet to the point of tangency; thence S63°41'58"W, 890.10 feet; thence N87°49'26"W, 76.60 feet; thence S89°53'07"W, 4002.44 feet to the point of curvature

of a curve concave Southerly having a radius of 2732.85 feet and a chord bearing of S71°13'57"W; thence Westerly along the arc of said curve through a central angle of 37°18'22" for a distance of 1779.40 feet to a radial line; thence N37°25'14"W along said radial line, 276.48 feet to a point on a non-tangent curve concave Northwesterly having a radius of 2231.88 feet and a chord bearing of S65°37'27"W; thence Southwesterly along the arc of said curve through a central angle of 26°05'23" for a distance of 1016.29 feet to a non-tangent line; thence N39°08'45"W, 515.08 feet; thence N04°43'49"W, 1620.09 feet; thence N35°59'04"W, 389.90 feet; thence N00°00'00"E,
220.30 feet to the North line of the Northwest 1/4 of said Section 2; thence S89°44'40"W along said North line, 2456.78 feet to the Northwest corner of said Northwest 1/4 of Section 2; thence S00°05'27"E along the West line of said Northwest 1/4 of Section 2 for a distance of 2637.74 feet to the Southwest corner of said Northwest 1/4 of Section 2; thence S00°05'25"E along the West line of the Southwest 1/4 of said Section 2, for a distance of 2637.68 feet to the POINT OF BEGINNING. LESS AND EXCEPT: Lands described in Official Records Book 169, Page 298, of the Public Records of Osceola County, Florida. SUBJECT TO: Final Judgement regarding Lake Myrtle sovereignty lands of the State of Florida per Official Records Book 3848, Page 430 of said Public Records. This description is based on Florida State Plane Coordinate System East Zone, reciprocal grid factor of 1.000055212684272, NAD 83 Datum (2007 adjustment).

Containing 2,713.793 acres more or less and being subject to any rights-of-way, restrictions and easements of record.

EXHIBIT “B” COUNTY OWNED POND

EXHIBIT “C”
CROSS SECTION FROM NARCOOSSEE STUDY

EXHIBIT “D”
SCOPE WORK FOR CYRILS DRIVE IMPROVEMENTS

4811-2875-6402 v.22 /

4821-2824-6218.v2

Coordination with th, e geotechn ical enginee r on soil suitalbHity, pavement design, Underdra in recommendations and soil and groundwater properties

Any revisions 'lo the construction plans resulting from new or additiional infa nmation after the submission of the Final Construction Plans will be performed as Addi ional Servioes in accordance wifu this agreement.

Note that this scope does rilOt inclu d e the .l nters eei ion Imp rovements on Narcoossee Rd (tum lanes and signals). Those improvements are covered in a separate Agreement

Any additiona.l work tasks that may be required due to third party objectors are  specifically exoluded from this scqpe of work and will be perfo.nmed upon au horization by the Client as Additional Services ;i n aroordance with this agreement.

3..   Cy  1rils  Drive -  Permi tting (Narco oss ee Rel to Abs1h e r  R  el +/ - 10 ,800   ft)

Upon completion of the final site construotion plans , Poulos & Bennett will review with the Client. Following Client approval, Poulos & Bennett will subm it to Os ceola County, Toho Water Authority, and the SFWMD for construction approvat An application to -the ACOE will be prepared and submitted pursuant to Task 13 of this Soape of Services. Upon Toho Water Authority approval of the utility plans, Poulos & Bennett will submit applications to FDEP for review and approval of fue potable water, reclaimed water and waste water utilities.

Any r evis'ions     to   the construction plans resulting  from new or additional infonm ation after the submiss1i on     of    the  Final  Construction  Plans  will  be   performed  as  Additional  Services  in accordance wifu this agreement.

Any additional worl< tasks that may be required due to third :party objectors, are specifically e:xoluded  from this scqpe of  work  and will be perfonmed upon auU1ori2alion by the Cl,ient     as Additional Services in accordance with this agreement.

4.   Cyril s Drive - SFWMD Dew.at  eri,ng Ap,pHcation,

Pou lo s & Bennett will assist the project Geoteohnical Engineer in the preparation of a SFWMD Construction Dewatering permit applica tion. Tihe geo techniical en g ineer wJII be r esponsible for providing 1he dewatering groundwater analysis.
5..   Cyiril s D r ive  - Projec t Meetings

Pou los & Bennett will attend meetings and coordinate wi h theproject team to guid e and support the necessarycomponents to complete the design and permitti ng of the Cyril Rd improv,ements.
Th i s scope does not :include work related to the Eminent Domain / right-of-way acquisi ion
necess8iry for this project. All wor1k associated with night-of-wa y and easement aCQui sition  will be perfoimed in acoo:rdance wi h Task 2 of 'lh!is Pro posal.

SUBCONSULTANTS

,   5_   Geotechnicall

F i e ld work
Based on our understanding of the project, he proposed .scope wrn consist of perform ing ·the following:

Twenty {:2n} SPT borings along the proposed roadway, tihirte en (13) to a depth of 7 feet below exisLing larf\1d surface {:bis) and seven (7) to a depth of 20 feet bis. These borings will be performed in approximate 500 foot intervals.
Ten (10) SPT borings withi1 t he stormwater pond areas to a depth of 25 feet bis. These borings will be perfo!'TTled t1NO borings per pond, for half of l!he 10 ponds mapped (once po:nd locations are provided to us).
Three (3) pavement cores along current highway. Core focations will be patched wlith co ld patdh asphalt upon complet ion of each boring
Perform a series of muck probes along transects within lhe four (4) iiden:tifi ed wetland impacted areas boring and on five-foot centers thereafter to the bottom of the borings. Ourr fi eld representative will visually classify the so:il samples at eaoh lest interval and place them in clean bags or i ars, which are sealed and labeled for future identification. Groundwater levels will be obtained in each boring upon initial encounter and later when the water table has stabilized. The boreholes will be backfilled with soil ourtings upon completion of he fieldwork. The soil samples from the borings will be transported to our Orlando laboratory for better classification testing than can be perfonmed by field methods,. and to determine the peliinent enginee.ni ng p roperties.

Re1port     ing
At the completion of the field and laboratory testing services, our project e:ngineer will prepare a geotechnk al report under the direction of a registered professional engineer who specializes in geotechnical engineering consulting . The report shall contain :the following information at a minimum:
SoH boring logs and classifications in general accordance with FDOT standards
Existing groundwater levels and estimated seasonal h:igh levels
Results of laboratory testing
Presence or lack of unsuitable soils inoluding organic and highly plastic soils
Contamination Screening Evaluation Report (CSER) (Unde:r a separate Cover)
Summary of" existing pavement sections (asphalt and base depU1s)
Su!bgrade prepa ration and paveme nt design recommendations based on proposed traffic volumes.
Stormwater pond design considerations including seasonal high, low and average wet season groundwater tables.
Discussion on thepresence or lack of highly organic soils at the test boring and m uck probe locations and corresponding depths
A boring focation plan, borings logs, and soil classifications in FDOT fo mat for mast a!l1m b orings.
Recommendations far dnll!ed shaft foundation soil design parameters including unit weight, internal angle of friction, coh esion,, and lateral earth pressures for each sail strata.
Roadway underdrain review (Under a separate Cover)
Roadway Pavement design analysis (Under a separate Cove,r)
Pond bA:rm .st:.1b il it y  ;;irH.ilyS8s  (Under a saparala Covar),
SFWMD dewa,tering  permit appl'ication for ponds (does not includ,  ep  ermit fees)
Survey

Project Kial<--Off m eeting. small gmup meetings, public infonmation meetings and public hearing.
Topographic Survey (250' wlde co.midor, 50'± interval x-sectiions and brea1k lin es, additional
100' North and South at Narcoossee Road intersection)
Tree location wifuin proposed ro ute.
Utilities: (Survey existing utilities includiing overhead transmissions lines. towers, etc.; utility boxes, valves and shut-offs, potable or irrigation water wells, etc.; and underground water,

gas , sanitary sewer, force mains, power and telephone cables, etc . ) Underground ut11it y  mapplng will be based on surfacemarking s by others.
Utillity soft dlgs. {Survey to include 25 soft digs)
Soil boning s: {Survey to jncluds 22 soil boring locat1on s.}
Wet land lo cation based on fl.ag s. by olhers.
Su,rve  y control Sheets:
Section Breakdown and control surveys (Sections 3. 4, 5, 8, 9 and rn, T ownsh ip 25 S,
Range 31 E)
Existing Right of Way lines
Al,ig nm ent a rid monumentation: (monument the cented ine of constructio:n/surv ey at 500
foot stations and all P.C.'s, P.T.'s, side street intersections and reference points.)
Review title wo k as provided by the County and plot each parent tract parcel and existing easements , le ases, etc.
Map review comm ents and re visions
Deliverables: (Design Sarvey lfie td books and/or raw date files, hard cop·ies and electronic , design survey oomputation book, Survey Control Shee ts, PDF and CAD format on di c at prdj,e ct completion.)
Right of Way Mapp1ng : (C real e Right of Way maps based on design and geometry by others.  After  the  approp11iate  property  interest  to  be  acquiired ,(fee      simple  right  of  w.ay  ,   d r a i n age easements, slope  easements,  temporary  oonsl!ruction  easemen ts.  etc.} Surveyor will l oreate legal descriptions and pamel s! etc!hes to omrespond the Right of Way maps
Legal description and Parcel Sketches: (Provide sketch and desoniptions for right-of-way
parce:ls,. ponds and easements on 8 1/2" x 11•   drawings.)
11.. Setting project benohma rks..

12 . Landscape.Archi.t ect

In review of the Sun :ridge NED Phase 1 Road Exhibit provided by your office , it is our
unders tand ing that rcA shall proviid codie com plian t lands cap e plans for a Site Development
Plan and final Construrnon Drawings for the follow ng proposed p ublic  roadway areas:

Cyiril s Drive - Beginning at Namoossee Road and extending east 9500 LF to Absher Road. Wjthin a 123' p ublic ROW. The proposed phase will inolude a roadway section with fouir-l ane boulevard with medien including  b'jke tane , and on  street parking o:n one s1i de    w  i th   an    8  '
parkway and 12' trat

In the design of the fu ll  ROW   section , we  unde.rstand       !hat the Jnit  i a l  project may only include one-half of the boulevard. Based on this, ouir 1i.rn igat ion  willl  be   design     ed to accommodate  the iniUial and future lanes.

SITE DEVELOPMENT PLAN (Code Minimum)

We shall review ell available aerial photos, topographic and ciViil information that has been developed to dale. We shall rely on the surveyor's l!ree survey for the 1i de n tification of free standing trees and trea mass edges.
We shall review oodes as 'they relate to our area of design responsibil1ty . and m  eet with County Staff to review sufficiency, if required.
We shall coordi11a t e w th P&B and the Owne:r to develop he expectation for the
street.scape and budgets .
We  shaH de, v elo    p a base plan from P.&B 's control  led  base plan to identify the various areas to be add,  re  ssed.
We shall develo p a prelim inary  concept plan for review lby P&B  andlor Owner.  Tlhis concept will lbe used to develop the code minimum landscape p1an and irrigation maii nline ,

point of oormeotions, and details. This will include meetings with Tav!isto dk to confirm our des1i gn direction.
We shall provide a tree mi igation plan based on tree survey provided by Allen & Company. Tree rni igat io:n will include details as required by Osceola County.
We shall submit signed and sealed SDP landscape plans to P&B for submittal to Osceola County.
We shall respond to Staff comments and resubmit drawings as may be required to obtain
plan approval.
During this process we shall met with P&B as may be required to coordinate the work.

CONSTRUCTION DRAWINGS

We shall update the base files as provided lby P&B . Tlhis includes re asonable changes to median cuts and turnouts.
We shall coordinate wJth P&B and the Owner to develop a oonst uction document set of landscape and i rigation. 111':li s will include meetings with Tavistock to confirm our design d ir ection.
The final drawings shall include the following:

Landscape planting p:lan ident1fying plant material by location, quantity, type, and size induding planting details, general notes, and technical specificatJion s.

Irrigation plan identifying all mainlines. llat eral lines, heads, valves, controls, water souroe connecljons, details, general notes, and technical specifications.

We shall coordinate the location  of  street  lights  based  on OUC's lighting plan.  StreetHghts, as provided lby OUC willl be re flected on tihe construction drawings.
WB sha l l dB l iiv B r ih s fina l c onstru c ti o n diawings to P&D and Tavigfoc:k fo r rsv,iew and comment. We shall make any adjus-tments to the final drawings and deliver as a construction drawing set for permitting.
We shall coordinate with P&B to submit to Osceola County for permitting. We shall
address County oomments and respond until  the drawings  are approved for permit. We will rely on P&B to make all submiitt als and track pennlt documents.

Enviironmenta1I

Task 1 - Site Work
AEC  will  perform  updated  field  reviews  to  dharacterize  onsite  v,e geta  on  and  soJls,  and  to complete Ille followil'lg in sup port of the perrnitting effort.

Task  1A -   Wetland Delineation:  AEC will del1i ne    ate  and  flag  the  jurisdictional  boundary between wetlands and uplands within and immediately adjaoert to the project area. The delineation will utilize crite:nia established by the Florida Departm e n t of Envim nmental Protection (62-340, F.A.C.) and the 1987 Corps of Engineers WeUands Delineation Manual (Al.antic and Gulf Coast Plain  Reg1i onal      Supplement). All points will be marked using vinyl surveyors tape and/or  stakes.  All stakes and/or flags wm be   sequen tially numbered to assist
a subssqusnt  surveying afforL In addition. the  loca.tio  n   of   al  l  flags/stakes  wm be recorded
with a Trimble® GPS device. Following the wetland d, el i neat     i on   ,  a  map showing the location and sequential numbering of wetland  urisdiic:tiona l flagg1i 11g  will be prepared and submitted to the project's suiveyor .

Task 1B - Waler ILev el l nd i ca.1or s AEC will dentify and mark indicators of seasonal high water l,eve  l s  within the ons1ite   wetland. These elevations will aid in the design and permitting of the proposed stormwater management system.

Task 1C - Wetland Funct ional Assessments: During the field review , AEC will col lect site specific information to support wetland funotional assessments t1at  will  utilize  the  Unifo1Tl1 Mi   igation      Assessment  Metiod (UMAM,) and will complete formal  UMAM  wo ksiheets that
will be subm itted along with the applications to the SFWMD arid fue Corps. The UMAM functional  "score"  of   he  onsite  wetllands    wm lbe  ut ilized  to  determ ine  tihe   amount of
compensatory  mitigation  that will  be required to  offset adverse impacts resulting  from ha
project.

Task 2 - Osceola County Wetland Category Report
AEC will prepare a ort that documents the WeUand Category and upland buffer requirement of each onsite wetland as per the Conse:rvatio11 Element-of the Osceola County Comp Plan.

Task 3 - Pmjeci Coordination/Meet ings
Austin Env,lm nm ental Consultants, Inc. (AEC) will coordinate wJth other team  members,  as. neces sary, during tlhe preparation , subm ittal and agency review process, to ino1u:de but no t be lim ited to:
Coordinate on environmental issues (ie. wetland impacts, upland buffers, etc.)
Attend team meetings

Task 4 - SFWMD Permit Support
AEC  will  comptete  the  fdllowl ng  in  support  of  an  application  for  an Environme!11tal    Resource Penmit through SF\1VMD. Th is iinform a tion  will be provided to the prtjeci engineer  for  ind usion in tihe submitted applicat ion.
Attend one (1) pre-application meeting w:ith SFWMD review staff and projec t team, if requested
Prepare Seotiion C of th e Joint Application far an Envimnmental Resource Permit
Complete mitigation analysis and prepare rniitig  ation p!an. This task  assumes that mitigation, if required, will b9 provided through the purchase of offsite mitigabion bani< credits.
Prepare Eco!ogicaJ Im pa ct Summary Report to dooument site conditions , and anticipated adverse impacts to wetlands/suirtaoe waters and state/federally-listed species
Attend up to one {1) site review with SFW.MD staff
Respond to up to two (2) requests far additional information TirOm SFWMD
Coordinate with mitigation bank(s) to obtain mitigation purchase agree ment(s) and letter of reservation

Task 5 - Corps Permit Support
AEC \IIJill com p lete the following tasks to support review and issuance of the  Co1ps  dredge/fill permit.
Attend one (1) pr,e-app !l,i cation meeting wi h Carps staff
Prepare and submit Corps appUcation form (ENG Form 4345)
Collect site specific data for completion of Corps Wetland Datashee l s. A m inim um of two
samp ling po ints ·Nill be collected a.t eadtii ons ite wet land.
Prepare prelimina1ry    Jur    i sdiction	al Detenrn inat  ion  Form   , 1f ra que stad
Prepare and subrnlt info,rm ation	to support Public Notke, a.s ne oessarry
Attend up to one ,(1) site review with Corps staff
Respond to up to one (1) request for additional  information  from  Corps Task 1 6 -  100	% Gop	er Tortoise Survey

AEC will survey approxim ately 25% of each upland habitat within the project footprint. The locations of all gopher tortojse burrows Jdenti f:led by the survey will be recorded wJth a handheld GPS devioe. Survey methods will be in acoordance with Uhe FWC's Methods for Burrow Surveys on Development (Donor) and Reoipient Sites.
AEC will al'ila lyze the gopher tortoise survey results and prepare a summary of onsite and/or offsiite relocation options for goph er tortoises.

Task 7 •- Sandhill Orane Nest Survey - AEC biolog ists will review weUands with in and  adja cent to the ROW du111ng  the  crane nesting season (Dec -  May) to identify the  presence and extent  of sandhill crane nesting.

Task 8 - Cultural Resource Survey
A cultural resaurne sur, vey    will be  pro  v ided  .

ASSUMPTIONS:
The engineering plans wiH be prepared as a developer constructed protect and not a capital improvement project. There fore , the constru ctiion plans will lbe prepared in a manner consistent with Osceola County L and Development standards.
If new util ity l ines (wal er, waslewate:r and/o r reclaimed water) are  to be extended with  the road oonslru ction. Poulos & ,Benne  tt can pmvide a con ract amendment for the design seNices necessall'j' to inclu:de  the   u tility l1i nes      within the roadway construction plan set.
Final Maintenanoe of Traffic Plans are,not included in this scope of services. It is anticipated that the contractor will provide these plans.
Establishment of a 100-year flood elevation, beyond what is available from local, State and/or Federal agencies, isn ot included in this scope of work. An amendment to the scope of work will be necessall'j' if prepar ing a separate study iis required or processing any FEMA application.
Bridge Design is not included in lh1 is   proposal.
Post Design Services are rnot include d i,n tihis Scope of Services.
A Lev el II Envim nm ental Assessment has not be en included in this Scope of Serv ices . An amendment to indlude a 'Level II w1iU be  provided if warranted.
Should relocation of  Gopher Tortoises be,  requi     :red ,  an   ame  n dm  ent   wil l  be   provided  with Post Des;  i gn     Serv        i vce      s.

SERVICE NOT 1tNCLUDE.D:

Th is scope of services does not include  structural and electrical ,eng    i neering   seNiices,  surveyjng  serv ice s outside of the llmlts of Cyrlls Dr, Post Design Services ar Leve l  II  Environmental Assessment   Poulos & Bennett will coo:rd inate   w  i th   he    project consultants providing these services. It is assumed hat these consultanIB w ill contract direct y with the dient.

AECwill survey approxim ately 25% of each upland habitat within the project footprint. The locations of all gopher tortojse burrows Jdenti f:led by the survey will be recorded wJth a handheld GPS devioe. Survey methods will be in acoordance with Uhe FWC's Methods for Burrow Surveys on Development (Donor) and Reoipient Sites.
AEC will al'ila lyze the gopher tortoise survey results and prepare a summary of onsite and/or offsiite relocation options for goph er tortoises.

Task 7 •- Sandhill Orane Nest Survey - AEC biolog ists will review weUands with in and  adja cent to the ROW du111ng  the  crane nesting season (Dec -  May) to identify the  presence and extent  of sandhill crane nesting.

Task 8 - Cultural Resource Survey
A cultural resaurne sur, vey    will be  pro  v ided  .

ASSUMPTIONS:
The engineering plans wiH be prepared as a developer constructed protect and not a capital improvement project. There fore , the constru ctiion plans will lbe prepared in a manner consistent with Osceola County L and Development standards.
If new util ity l ines (wal er, waslewate:r and/o r reclaimed water) are  to be extended with  the road oonslru ction. Poulos & ,Benne  tt can pmvide a con ract amendment for the design seNices necessall'j' to inclu:de  the   u tility l1i nes      within the roadway construction plan set.
Final Maintenanoe of Traffic Plans are,not included in this scope of services. It is anticipated that the contractor will provide these plans.
Establishment of a 100-year flood elevation, beyond what is available from local, State and/or Federal agencies, isn ot included in this scope of work. An amendment to the scope of work will be necessall'j' if prepar ing a separate study iis required or processing any FEMA application.
Bridge Design is not included in lh1 is   proposal.
Post Design Services are rnot include d i,n tihis Scope of Services.
A Lev el II Envim nm ental Assessment has not be en included in this Scope of Serv ices . An amendment to indlude a 'Level II w1iU be  provided if warranted.
Should relocation of  Gopher Tortoises be,  requi     :red ,  an   ame  n dm  ent   wil l  be   provided  with Post Des;  i gn     Serv        i vce      s.

SERVICE NOT 1tNCLUDE.D:

Th is scope of services does not include  structural and electrical ,eng    i neering   seNiices,  surveyjng  serv ice s outside of the llmlts of Cyrlls Dr, Post Design Services ar Leve l  II  Environmental Assessment   Poulos & Bennett will coo:rd inate   w  i th   he    project consultants providing these services. It is assumed hat these consultanIB w ill contract direct y with the dient.

EXHIBIT “E”
NARCOOSSEE INTERSECTION IMPROVEMENTS

EXHIBIT “F” CONSTRUCTION COSTS

EXHIBIT “G” ADJACENT PROPERTY

4811-2875-6402 v.22 /

4821-2824-6218.v2

EXHIBIT “H” MILESTONE SCHEDULE

4811-2875-6402 v.22 /

4821-2824-6218.v2

EXHIBIT “I” INTERIM AGREEMENT

4811-2875-6402 v.22 /

4821-2824-6218.v2

WHEREA the County Manager has determined that the costs asso iated with the CyriJs Drive Imp ovements are digible. for mobility fee er-edits in accordance with ection l 7- 45 of the Mobility-Fee Ordinance and as further set orth in this Agreement; and

WHER • the County has determincdl that the construction of the · yrils Road Intersection l provements, as bereina:fte - defmed, and othisr obligation pu:rsuan to this Agreement se:rve a proper public benefit and will fw1her 1ile goals objecti es and policies of the Osceola County Cornpreh n·ive Plan and will ignHkantly benefit the r sid ns of Osceols County.

ow ·THEREFORE

oonsideration of th murua.1 oovenant:s contained herein, and

oth good  andl  valuable co   ideratfon1  the receipt and   uffi  iency of Vvhich  is hereby expr     ly
acknowledged by tbe pm-ties   eret,o. the parties agree as foUows:

        Recitals.
The fo11 going recitals are m ie. 81,1d correct'and are iocorporated he   in by this reference. Section 2,	Tbe	rils Road Intersection Improvcmcnh.
The D eloper shall be .respo sible fo r th.c, des·gn, permitting rn itiga fo n, and
cons.tru tion of the yril Rold fnte ection lmprov m- nlS hich shaU ultimat ly o nsist of a Cyrils. R, oad  right  rum  lane  and  N1ucooss    Road  lefl  tum   Lane Extensio    (the "In ter'.   ction Impro emem:s") amt signa.lizatiorn (the • igna ization Improvem nts•'). The Cyril Road lntersectio hnprovements shall be d igned and constructed as pub1ic faci1iti . Develop r sh.all, witb th o\llnty's assistano• obtain all n c sary regulatory  approvals  ruquircd  to construe the yrils Road Intersection lmprnv®t _ nts and shall co ly with all applicable focal. state and federal regulations and requireme,ds and the Oscoofa1 County Land D ve]opment Code (dle "Applicabk Law..).

Section 3.	.Reimhur	m nt.
The	ounty agrees that the D vcloper shaU be entitled to the fo!lowing mo bility fee

52 % reimb ement in the folTD of mobility fee credit as set forth h rein, based upon the acnud cost of the design. pcnnimng, ancll constructi n of the  ignaliz.ation Improvem ts, and any related capita expense:s as further defi ed in. Section ]7a]6 of the Mobil'ty Fee Ordinance :including, but not limited to. utility re]ocations traffic igna liz a.tion, construction management and inspection, pennitting costs and fees, bonding aind insurance costs, (cot ecrively, the•• ignalization Costs'') as estimated in xhibit ''B".

100% r im.bursement in the form of mobi:lj fee c dits as set forth herein, based upon acrual costs- of the design, pennitting and constru tion of dle Intersection Improvements and any rela cd capital expenses as further defined in ection 17-36 of the Mobility Fee Ordinance, includLng but not Limited to Intersection Impro ements, striping, mitigation (wetland and specie.), s lighting, landscapin , idewalks stomlwater  managenlent,  facililie.s ctmstnrction manag;ement afid inspection, surveying soils and material testing, soil remediarion

2 1 P a g e

costs, p rmitting costs and fees, bonding and insuran • costs (the "'Inter ction C sts") as
estimated in E bibit "C".
ction 4.	ethod of' Reim bur. ement for Mobility Fees.

Mobilio: Fee Account.   The amount of mobili	fee credits which the shall  be   ntitled to as set forth ab  ve.   The    ounty  agree   to combin any credi	r the mobility fee account credited for unbridge Proper .

Construed n osts. The  Devel  per  shall receiv  m  bili.  fee cred its from  th  ounty by de1ivering to the aunty, on a quarterly asi , a certification of the Sign lizati n
Costs and Intersection Costs prepared  by the  ev  lop  r's  engin  r indicating  the p  rcentage of work completed through the date of certification. The certifications shall be accom anied by invoices for the actual e p nditur and any other  docum  n  Hon  that  the  unty  may  reasonably require. R  imbursern  ntfor th  D  lo p r's actual  x  nditures for the Signalization Costs and Inter ction Costs shalJ be pr ided for by the County, by crediting the mobility fee account es  blished  pursuant to the pr   ision   abo   .  The mobilit   fee credi   shall be available to the De I p r upon inspe ti n, approval and a ceptance of the certifi ation by the County,
hich shall not be unreasonably ithh lei, condi ioned or d layed.

ection S.	The ounty acknowl dge and agrees that the minimum pavement design racliu  at the inte1 e  tion ofNarco  ssee Road and	yril Drive is 35 feet as reflected in the plan

attached as   xhibit "D".	his will avoid the need to eek add·i
comer.

onal ri bt of way in the northe st

tion 6.	Maint  n  nee of the	yrils Road Inter ction Im prov m nts.
The De eloper shall post a on - ear m intenance bond  upon  ompletion  of the Cyril Road Inte   e tion Improv  me, ts.   Th  r aft r, unl ss othe	is agreed to by the _partie or other agreement bctv ecn the Coun	and another governing bod , Osceola	unty shall be respo sible for   the   maintenan  e   of  all   of   the   C  rils Road  Inter		tioo  Impro vemen	and related impro emen .

ection 7.	Sa isfactioo of Condition.
The C unty ag s that condition No. 2 related to operational improvements for yrils Drive prior to the 200th Certificate of ccupan, y of CPl S-00002 is deemed satisfied upon the e ution of this greement.
' ecf o11 8.	Governin  La,	eaue.
Th.is Agre ment, and all e t n ions, renewal ,  runendment.s  suppJe ments  and modifications h re o, and all uestions r lating to the alid ity, interpretation, performan e, or enforcement thereof shalJ be g vemed by and construed in ac rdan  e with the laws of the State of  lorida.  x  ept for a suit in F  deral court.   enue for all suits to enti rce this   greement shall be in O e la unty, lorida. AU legal d.  put  , proceeding  , or actions  ari ing out of or in onnecrion with this Agreement shall be brought in  the  ircuit  ourts  of  Osceola  County, Florida, or if appr priate, the Un ited States istrict Court for the Middle Distri t of Fl rida

j P a g c

◄U0. 1 091-7IS!l.16	3

Orlando Divi ·on.  ach of the parties hereto warrants and rep	en that this Agr m nt is valid binding and enforceable against and in accordan	with the terms and conditions of lorida law.

edion 9.	otioes.
All n tioes which are required or permitted under this greement shall be given to the parti by c rtitied mail, return receipt requested hand delivery or express courier and shall be effecti  upon  re« ipt wh n deli  ered to the partie  at  the addre  es set forth  belo (or such other addre ses as provided by the parties by written notice delivered in accordance with this paragraph):

lfto the ncvelnp r:

With a copy to:

If to	oftnty:

With a copy to:

tw ist k- East ervice , LLC
6900 Tavi  to	Lakes oulevfil'd, uite 200
rlando, Flor 'da 32827
Attention: James L. Zbori/

Jo O. Thacker
el on	ullins Broad and C -s I
390 orth Orange Avenue, uite 1400
rlando, lorida 3280l

Don ishcr, County Manager Osceola ounty
1 Courthoa_	quare, Suite 1100
K.issimm  ,	orida 34741

Andre Mai, County Attorney
Osceola ounty
1 Courthou	quarc, Suite 4200
Kis imm	Florida34741

e tion 10.	Public Record .
IF   THE   DEVELO PER   HA   QUE  TIO   REGARD    C    THE APPLI   ATION OF    ff	R  119,  LORil>  ST AT  ', TO THE  DEVELOPE,R S DUTY TO PROVIDE PUBLIC RE ORD R L TING TO THIS O RACT.
0 1 ACT Ta:£ , O DIA O F P UBLI RE ORD AT:

Pub ic pformation Office
1	o rtbou e quar , uitc 3100
issimntee , FL 3474t
407-742..0100
B CPI @os ola.org

8 .	The De eloper understand that by virtue of this Agr etnent any of its documents records and material   of any  kind, received  and created as a result of  the pro i  ions of this
greement that are made or rec i ed jn connection with the transaction of official business of

41 P a g c

the County (as de:fmed in section i19.011(12), lorida tatutes) ar-e pt1blic r-ecords and that such public reoords shall be open lo the poW   for in·peo tio   in accorda_m:e with   lorida law.

This	gteement does no:t cocttemplate that the Deve oper will be actit:1g on bchaJf of the
Comity; however if at any time the I     eveJoper wilJ act o   behalf of th, e	unty, as prov id.ed under
sectio11119.011(2), ·lorida mtutes. the Devdoper, ubjoct to th terms of section 287 .058(1J(c).
Florida 'tatul:es, wtd any other app icable Jegal and equitable remedies, shaU:

service.

Keep and maintaim publit records required by tie	ounty to perform the

pon reque t &orn die	ounty's CU&todiaa of publi reoords, pr,ovjde e
'  ounty witih a  c-opy oftheJequested record  or allow the records to  be inspected or copied	ithi11
a reaso able time at a cost that does nnt exceed the cost provided by Florida law.

Ensure that pubrc recor s. that ar-e exempt or confl.dentiaJ and ex pt from public        rds disclosure ttiqwi:m1ents a, re not di c:looecl e cept as amhocized by law for die duratio,n of the Agreement term and foll  wing completion of the Agreement  if the     ve]op r
does not transfer the records to the Coun .

po completion of the Agreement, transfer, at no cost, to the ounty all pub 'c r-ecords in po s ssion of the Developer or keep and maintain public records r-e.quir-ed by the Co1.1nty to pcrfomt tbe scn•icc. If the · veloper transfers  all publi  re  OTds  to :tih:e  Couaty upon complclion of the Agr mcnt. the Devel o-p r shall destroy any duplicat • pub]i(l reoord.s that we  exempt  or  confidenfi  ] .and  exempt  from  public  records  disclosure  requi rements .  If  the Developer kee   and maintains public ret:onfs upon oomp]etian of the Agreement, the Developer
shall me-et all Bp,pl"cable re,qukeme11ts for retaini111g publi·c 1:ecord!I. All r-ecords sto ed
ele,etronically  must  be pro  idcd  to  the,	o    ty,  lJJIOn  re.quest from  the	un   •s custodian  of public records, in a format that is {)Omp tible w;th the infonn..ation technology systems of the
ounty.

[f the Devdop does not eomply with a public records request, the  County shal I e:nfo:rce the contract prov·is ons in ac· o:rdaooe with the	greement.

vid d, how ver that the D11::vefoper is subject to the a orementio-ned ruquirem nts of section U9.0U(2), Florida ta:rule , to the extent it craates or receives such docum nts while performing a public funclion on behalf of the OUJlty.

eeti o 11.	Aucht.

In the perfonnan of this Agreement, t e Develop r sbalJ cep and main in bo ks,  records. and accounts of all ctivi1ies reJated to this Agr emen in compranoc with. g1.n erally accepted accounting p cedur s. Thro\lgho11l the tenn of this greeme-nt, books. records and accounts relate-cl to the performance of this Agrcemenl shaU b open to in.spectfon cturing regular busintss hours by an authorized r pres ntati Ye of the ounty and sh:1111 I be retain t,d by the Developer for a period of three years after lcrmhution or compleUon of the Agrc;L.--ment or until the full Cou ty audit is complete, whichever comes fir-st. The County shall  retam  fue right to audit the  boob during the thru::,.year  rerenfon  period.   All  books, re.co ·ds and account    related to
S I Page

the p rforman  of thi  gr  .m  nt  hall  be . ubject  to the applicable  pro  isions  of the Florida Public Re rds Act,  hui te  119,  I  rida  t.atute•  The County also ha  the right to  onduct an audit  within six  (60) days from  the effecti  e  date of this Agreeme  t to determine  whether the De  eloper has the ability to fulfill their contractua  bl igations to the  tis   ction of the County. The oun has the right to terminate this Agreement based upon its fin ing in this audit.

e tion 12.	s·ig nability.
The  parties  h  reto   ckn    l  dge  and  agree  that  the  Developer   shall  have  the  right  to as ign its right and oblig tions und r this greement including its ownership in, and the igh to recejve  mobility  fee  c  di   to any succ   sors in title to all  or any  part of the Property  and shall pro idc writt n noti e to th County of any assignment. Upon such assignm nt by the Developer and v rrit n no i thereof to the County the D  loper  shaU  thereup  n  be released  and discharged from any and all obligations arising under this Agr-e ment.

ection. 13 .	mendinents.
o amendment modi1cation or other changes to this Agreemcn  shall  be binding  upon the panie• unless in writing and execute by all the pani s.

ectioo 14.	uc	ors and	ig.n B ound.
he rights and obligation c otained in this Agreement shall be binding upon and  hall inure to the benefit of the successors and assigns of the parties he eto, in luding any succes or in title to the Developer to all or any part of the operty.

ection 15.	ffective Date.
This A . ement shall become effective upon the date the last of the parti grecment.

         ouot rpatts.

This   grcem  nt  may  be   x    uted  in any number  of  counterparts  each of which,  when e  ecu  d and delivered,  shall  be an original,  but all  counterparts  togcth  r   on  titute duplicat   of the one and same instrument

ccti n 17.	R ording.
The ounty shall record this Agreement in the Pu He Records of O cola County, at the
ountys e pen ,

ection 18.	In demnification.

The D   eloper agr	to be liable  for  any  and  all  damage  ,  losses  and  exp  nse  in  urre by the	unty, cau  ed  by the acts and/or omissions of the Develo	r, or any of their employ s., agents  contract  rs, rep	entativ		ohm		r , or the like, as to the Con tructio  of the Cyrils Road  Intersection   mpro emcnts.	The D			lo er agrees to indemnify defend, and bold the County  hannJe  s for  any  and aU claim	uits, judgm n	or damage , losses and e p ns ,
61 P a g e
4U0.109?-11:!9 16

including bllrt: not limited to, coun costs, expert wim s s, con ulta.tion service and attorney's fees. isin from any and aH acts and/or omiss·ons of the D'lv lop r, or qny of their employe. , agen s, contt ctors, represe tatives, o]unteers, or the like, ilS to the Construction of the Cyrils Road Intersection Imp rovements.

Secf on 19.	Sevorabilil)'.
AU c1ause found hereirt shaU aot independently of eiwh o her. If a clau e is found to be iilegal or uuenforceab e, it sha.U have no effec on any othef prov-is'on of tliis Agreement It is understood by the parti hereto that if any part, temi, or provisiOJ"I of tbis Agreement is by the courts held to be illegal or in conflict: witl any law of 'the State of lorida or t:he United ta.tes, the vB1idity of the rem.ainmg poritio or provisions shall 11ot be affecte , and die rights and

obligations of the pmie.'l MJa11 be construed and enforced as if the greement didl not con.t·a particular part, term, or pm ·,·ion held to be invaJid.

Sc.ct io11 20.	pp O	Lo;:.

the

Whenever a review or approval is required by any party. such party agrees that sueh review 01' approval wm be romptl)' con.ducted and conc\ud d. oreover, each party agrees ,a.at
it wil act r onably in ex:erci mg its review and approva func· ons hereunder andi no appto al shaU be untCiiSonably delayed or withhe ld .

lion 21.	111 rt ber i\SiiU ran ces.
The parti s hereto agree kl execute any filld all further in.strume!llts and do umcn.ts and to take all such actions as 1r1ay be reasonab y requu-ed to carry out the terms of this grecmcnt and the transactions contemplated herein.

Section 22.	Heading .
The	a.dings i	rted at the beginning o:f each paragrap are or con enience only. and
do not a.dd to or s bt:r:act from the meani g of the contents of each paragraph.

Se ction 23.	Time.
Time is of the essence of this Agreement Wherever unde r the terms and provisions of tMs Agreement th.e time for pcrfum),ui.re fulls upon a atul'(iay, Wlday or Legal Holiday such time for perform shall be extended to fue next busine-ss day,

ecthn1 24.	Entire Agre 1Dent.

Titls   greement   contains   the   e   agreement   of   lhe  _parties   hereto,   and   no repre ·entatio ns inducements, promises or agreements oral or otherwise between the parties not embodied herein shaU be of any force or ffi t Any llmend1:J1ent to this Agreement shaU not be binding upon any ofthe prnties hereto 1.mfoss such amendment is in vmti11g and executed by the
\lactlcs h.cret-0.

7 l P a g c

Section 25.	Term,
This Agreement ball remain in effect for ten (10) years foltowing the Effective Date.

e tion 26.	Effect of Administ:rati c Procedure •

onvithstanding the adoption of any administrati e procedures in r spect of mobility fees or mobility fee credits by the unty after th ffoctive Date of this Agre ment. such procedures wn·ch are inconsistent wil:b the provisions of this Agreement shall not be deemed to affect relevant portions of this Agr ement, amhhi gre ment shall control as to sue matter .

IN	NlTN  S.	\Vlll:RE O , the  parties  hereto  have,  by  their  duly  authorized  rep	entative• executed this Agreement on the dates set forth below.

/, ignalure Pag	F:ollowf

81 Page

RS

0	TY LERKOFTIIEBOARD
.
By: 	,.........,	......_.. 	,.,.  ._.. 	_
Board

As aurhoriz.e
unty ·o

·

the Board of of:

9 1 P a g c

igned, ealed a.11d de li vere d in the presence of:

STATE OF flov-iGfb	)
CO	YOF  Q,,-a	)
Th    fi regoing instrument was ack.nov  Jedged before m   this	da   of.

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_  _   _   _   _   _   _ _  _	as identi fication .

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14 I P age

Sunbridge Stewardship District

Mobility Fee Credit Administration Agreement

AGREEMENT FOR MOBILITY FEE CREDIT COLLECTION AND DISBURSEMENT

THIS	AGREEMENT	FOR	MOBILITY	FEE	CREDIT	COLLECTION	AND
DISBURSEMENT  (“Agreement”)  is made this 	day of 	_,  2020,  between the
Sunbridge Stewardship District, a local unit of special purpose government organized and existing under the laws of the State of Florida (the “District”), and Tavistock East Services, LLC, a Florida limited liability company (“Tavistock”).

RECITALS

WHEREAS, the District was established by Chapter 2017-220, Laws of Florida, in accordance with Chapter 189, Florida Statutes, for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure improvements and facilities; and

WHEREAS, Tavistock is developing the lands within the District governed by that certain master plan known as the “Concept Plan 1 – NED/Sunbridge”, pursuant to CP17- 00002 approved on July 19, 2017, as revised pursuant to CP18-0002 approved by Osceola County Development Review Committee on December 5, 2018 and other associated approvals, which includes the design, permitting mitigation and construction of Cyrils Drive Improvements, as defined and more specifically described in that certain Agreement for Cyrils Drive recorded 	, 2020 in Official Records Book     , Page      , in the Public Records of Osceola County,      Florida, a copy of which is set forth in Exhibit A attached hereto and made a part hereof (the “Mobility Fee Agreement”); and

WHEREAS, Tavistock is willing to facilitate the design, permitting, mitigation and construction of the Cyrils Drive Improvements including associated right-of-way (the “Cyrils Drive Improvements”), in exchange for mobility fee credits among other consideration pursuant to the terms and conditions of the Mobility Fee Agreement; and

WHEREAS, the District has previously adopted an engineer’s report detailing the improvements planned by the District in accordance with Chapter 2017-220, Laws of Florida, which report includes the Cyrils Drive Improvements as possible improvements to be financed from the proceeds of future bonds; and

WHEREAS, the District intends to issue bonds to fund a portion of its improvement program as detailed in the engineer’s report, which may include the Cyrils Drive Improvements; and

WHEREAS, in conjunction with such bond issuance, the District may pledge the revenue from the collection of mobility fee credits to the repayment of such bonds issued to fund a portion of the District’s capital improvement program, or may use the revenue to directly fund other elements of the District’s capital improvement program; and

WHEREAS, anticipating the planned issuance of such bonds for the Cyrils Drive Improvements, Tavistock desires to provide to the District, if and to the extent applicable, the mobility fee credits resulting from the delivery of the Cyril Drive Improvements provided this

commitment shall only be in proportion to and to the extent that the District’s bonds actually fund some or all of the Cyrils Drive Improvements; and

WHEREAS, the efficient collection and remittance of such mobility fee credits and the revenues from the sale of such credits benefits Tavistock and the District since by so doing the District is able to proceed with either the timely payment of its indebtedness without looking to other sources of revenue or without relying exclusively on such other sources of revenue, or may use such funds to fulfill a portion of the capital implement program.

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of the parties hereby acknowledge, the parties agree as follows:

The statements contained in the Recitals set forth above are true and correct and are material to this Agreement.

The District and Tavistock agree that the District shall only be entitled to such credits to the extent of the District’s inclusion of the Cyrils Drive Improvements in an issuance of bonds or other indebtedness. In such event, Tavistock shall either, in the sole discretion of Tavistock, transfer mobility fee credits to the District in direct proportion to the portion of mobility fee creditable Cyrils Drive Improvements included in such bond issuance, provide cash to the District in an equivalent value amount in the event such credits have been previously sold, or cooperate with the District to ensure that the bonds are structured and provide appropriate allocation of the value of such credits between Tavistock and the District based upon the ultimate structure of any such bond issuance. Tavistock agrees that Tavistock shall serve in a fiduciary capacity and shall fully cooperate with the District on such matters. Notwithstanding the provisions provided in Section 5 below, Tavistock may assign the administrative duties related to the tracking of mobility fee credits to the District Manager.

In the event of failure to comply with, or any breach of, the terms and conditions hereof by either party hereto, then the other party not in default or breach shall be entitled to pursue any and all remedies available under law or equity and to seek to recover any and all damages available under law or in equity. The prevailing party shall be entitled to recover all fees and costs incurred in enforcement of this Agreement, including reasonable attorneys’ fees and costs at trial and on appeal.

This Agreement is to be construed and enforced according to the laws of the State of Florida.

The covenants herein shall bind and the benefits and advantages shall inure to the respective successors and assigns of the parties hereto. None of the parties hereto may assign its rights or interests hereunder without the prior written consent of the other parties hereto, which consent shall not be unreasonably withheld.

All notices shall be in writing. Whenever any notice, demand or requests is required or permitted hereunder, such notice, demand or request shall be hand delivered or sent by express mail or courier service to the addresses set forth below:

As to Tavistock	Tavistock East Services, LLC
6900 Tavistock Lakes Blvd., Suite 200
Orlando, Florida 32827
Attn: James L. Zboril, President With copy to:
Holland & Knight LLP
200 South Orange Avenue, Suite 2600
Orlando, Florida 32801
Attn: Sara W. Bernard, Esquire

As to District:	Sunbridge Stewardship District
12051 Corporate Blvd.
Orlando, Florida 32817 Attn: District Manager

With copy to:

Hopping Green & Sams, P.A.
119 S. Monroe Street, Suite 300 (32301)
P.O. Box 6526 Tallahassee, Florida 32314 Attn: Jonathan T. Johnson

The parties agree that this Agreement shall not be recorded.

This Agreement may be amended, extended or modified only in writing signed by both parties. Except as expressly provided herein, none of the provisions hereof shall inure to the benefit of any person other than the parties hereto and their respective successors or permitted assigns.

[Signatures on following page]

IN WITNESS WHEREOF, each of the parties hereto has caused its duly authorized officers to execute this Agreement on their behalf.

WITNESS:

ATTEST:

Exhibit A: Mobility Fee Agreement

Tavistock East Services, LLC, a Florida limited liability company

By:		 James L. Zboril, President

Sunbridge Stewardship District

By:	 Name:	 Its:  	 

EXHIBIT A

Mobility Fee Agreement

[See Attached     Pages]

Sunbridge Stewardship District

Payment Authorization Nos. 102 - 105

SUNBRIDGE STEWARDSHIP DISTRICT

Payment Authorization No. 102	
8/28/2020					
Item	Vendor	Invoice	General	
No.		Number		Fund	

1	
Hopping Green & Sams				
	General Counsel Through 05/31/2020	115436	$	3,740.00	
	General Counsel Through 07/31/2020	116775	$	7,064.46	
2	Poulos & Bennett				
	Engineering Services Through 07/31/2020	18-203(17)	$	50.00	
	Engineering Services Through 07/31/2020	18-203(18)	$	300.00	

TOTAL	$ 11,154.46

Board Member

Please Return To:
Sunbridge Stewardship District
c/o Fishkind & Associates	Received via email on August 29, 2020 - ALane

By Amanda Lane at 1:36 pm, Sep 08, 2020

SUNBRIDGE STEWARDSHIP DISTRICT

Payment Authorization No. 103	
9/4/2020					
Item	Vendor	Invoice	General	
No.		Number		Fund	

1	
Osceola News-Gazette				
	Legal Advertising on 08/27/2020 (Ad: 32033)	243052	$	107.05	
		
TOTAL	
$	
107.05	

Board Member

By Amanda Lane at 12:01 pm, Sep 15, 2020

SUNBRIDGE STEWARDSHIP DISTRICT

Payment Authorization No. 104	
9/11/2020						
Item	Vendor	Invoice	General	Fiscal	
No.		Number		Fund	Year	

1	
PFM Group Consulting					
	FY 2021 Tax Roll Preparation and Submission	FY21-TR-0025	$	7,500.00	 	FY 2021		
2	VGlobalTech					
	ADA Website Maintenance: August	1838	$	100.00	FY 2020	
	ADA Website Maintenance: September	1898	$	100.00	FY 2020	

TOTAL	
$	
7,700.00		

200.00
7,500.00	FY 2020	
	FY 2021	

Board Member

SUNBRIDGE STEWARDSHIP DISTRICT

Payment Authorization No. 105
9/18/2020

Item	
Vendor	
Invoice	
General	
Fiscal	
No.		Number	Fund	Year	

1	
Egis Insurance Advisors				
	FY 2021 Insurance	11666	$ 5,381.00	 	FY 2021		
2	Irrigation Systems				
	6200 Even Cyrils Dr Irr; Service 08/03/2020 - 09/02/2020	--	$ 1,894.48	 	FY 2020		
3	Osceola News-Gazette				
	Legal Advertising on 09/24/2020 (Updated Ad)	32200	$	58.80	FY 2021	
	Legal Advertising on 09/24/2020	32200	$	60.30	FY 2021	

4	
PFM Group Consulting				
	DM Fee: September 2020	DM-09-2020-0037	$ 4,166.63	FY 2020	
	Postage: July 2020	OE-EXP-01032	$	13.45	FY 2020	
	Reimburseables: August 2020	OE-EXP-01091	$	10.99	FY 2020	

$ 11,585.65	
TOTAL	$ 11,585.65	

6,085.55	FY 2020	
5,500.10	FY 2021	

Board Member

Please Return To:
Sunbridge Stewardship District
c/o Fishkind & Associates	Received via email on Sunday, September 20, 2020 - ALane

Sunbridge Stewardship District

District’s Financial Position and Budget to Actual YTD

Sunbridge Stewardship District Statement of Financial Position As of 8/31/2020

	General Fund		Capital Projects Fund	
	
Assets			
Current Assets				
General Checking Account	$12,809.47			
Utility Revenue				
Utility Operating				
Utility Revenue System Development				
Accounts Receivable				
Total Current Assets	$12,809.47		$0.00	

Property, Plant & Equipment				
Fixed Assets - Other				
Total Property, Plant & Equipment	$0.00		$0.00	
Total Assets	$12,809.47		$0.00	

Liabilities and Net Assets	
Current Liabilities				
Accounts Payable	$16,867.13			
Accounts Payable			$300.00	
Accounts Payable				
Due to Developer				
Deposits				
Accrued Expenses Payable				
Total Current Liabilities	$16,867.13		$300.00	

Long Term Liabilities				
System Dev. Charge - Water				
System Dev. Charge - Wastewater				
Total Long Term Liabilities	$0.00		$0.00	
Total Liabilities	$16,867.13		$300.00	

Net Assets				
Current Year Net Assets, Unrestricted	(44,085.70)			
Net Assets - General Government	$8,096.50			
Current Year Net Assets - General Government	31,931.54			

Current Year Net Assets, Unrestricted			
(300.00)	

Current Year Net Assets, 270				
Total Net Assets	($4,057.66)		($300.00)	
				
Total Liabilities and Net Assets	$12,809.47		$0.00	

Utility Fund		Total	

$32,607.45 247,643.95
83,835.00
107,499.55
$471,585.95		

$12,809.47 32,607.45
247,643.95
83,835.00
107,499.55
$484,395.42	

$2,000.00
$2,000.00		
$2,000.00
$2,000.00	
$473,585.95		$486,395.42	

$116,387.97 150,000.00
9,176.22
6,000.00
$281,564.19		

$16,867.13
300.00
116,387.97
150,000.00
9,176.22
6,000.00
$298,731.32	

$213,900.00 130,410.00
$344,310.00		
$213,900.00 130,410.00
$344,310.00	
$625,874.19		$643,041.32	

(152,288.24)

($152,288.24)		

0.00
(44,085.70)

$8,096.50 31,931.54
$0.00 ($300.00)
$0.00 ($152,288.24)
($156,645.90)	
			
$473,585.95		$486,395.42	

Sunbridge Stewardship District
Statement of Activities As of 8/31/2020

General Fund		Capital Projects Fund

Utility Fund	Total

Revenues

Developer Contributions	$153,542.50						$153,542.50	
Inter-Fund Transfers In	(44,085.70)						(44,085.70)	
Inter-Fund Transfers In			$44,085.70				44,085.70	
Water - Residential Customers					$4,898.12		4,898.12	
Water - Commercial Customers					4,839.96		4,839.96	
Wastewater - Residential Customers					4,096.17		4,096.17	
Admin Late Fees					80.00		80.00	
Inspection Fees					186,461.12		186,461.12	
Plan Review Fees					7,721.75		7,721.75	
Meter Installations Fees					27,825.00		27,825.00	
Backflow Installation Fees					4,760.00		4,760.00	
Wastewater Install/Connection					6,750.00		6,750.00	
Initial Connection Fees					2,500.00		2,500.00	
Total Revenues	$109,456.80		$44,085.70		$249,932.12		$403,474.62	

D&O Insurance	$2,306.00						$2,306.00	
Management	45,833.37						45,833.37	
Engineering	8,363.16						8,363.16	
District Counsel	46,386.58						46,386.58	
Audit	3,000.00						3,000.00	
Travel and Per Diem	62.46						62.46	
Postage & Shipping	27.30						27.30	
Legal Advertising	8,212.69						8,212.69	
Web Site Maintenance	1,600.00						1,600.00	
Dues, Licenses, and Fees	184.00						184.00	
General Insurance	2,819.00						2,819.00	
Irrigation	1,846.00						1,846.00	
Contingency	970.40						970.40	
Engineering			$44,385.70				44,385.70	
Engineering					$14,583.31		14,583.31	
District Counsel					717.00		717.00	
ContractServices - Accounting					11,666.69		11,666.69	
Contractual Services					79,257.26		79,257.26	
Miscellaneous					41,488.73		41,488.73	
Water					18,206.64		18,206.64	
Inspection Expense					186,461.11		186,461.11	
Plan Review Expense					7,721.75		7,721.75	
Meter Installation Expense					26,987.50		26,987.50	
Backflow Installation Expense					5,057.50		5,057.50	
Wastewater Connection Expense					7,118.75		7,118.75	
Miscellaneous Customer Service Expense					2,783.75		2,783.75	
Miscellaneous Expense					170.37		170.37	
Total Expenses	$121,610.96	$44,385.70	$402,220.36	$568,217.02	
Total Other Revenues (Expenses) & Gains (Losses)	$0.00		$0.00		$0.00		$0.00	

Change In Net Assets	($12,154.16)		($300.00)		($152,288.24)		($164,742.40)	

Net Assets At Beginning Of Year	
$8,096.50		
$0.00		
$0.00		
$8,096.50	

Net Assets At End Of Year	

($4,057.66)		

($300.00)		

($152,288.24)		

($156,645.90)	

Expenses

Other Revenues (Expenses) & Gains (Losses)

Sunbridge Stewardship District
Budget to Actual
For the Month Ending 8/31/2020

Year To Date

	Actual			Budget	

Revenues					
Developer Contributions	$	153,542.50		$	163,350.00	
Net Revenues	$	153,542.50		$	163,350.00	
General & Administrative Expenses					
D&O Insurance	$	2,306.00		$	2,268.75	
Trustee Services	-			5,500.00	
Management	45,833.37			45,833.37	
Engineering	8,363.16			11,000.00	
Dissemination Agent	-			4,583.37	
District Counsel	46,386.58			22,916.63	
Reamortization Schedules	-			114.62	
Audit	3,000.00			5,500.00	
Travel and Per Diem	62.46			458.37	
Telephone	-			183.37	
Postage & Shipping	27.30			275.00	
Copies	-			458.37	
Legal Advertising	8,212.69			7,333.37	
Web Site Maintenance	1,600.00			2,200.00	
Dues, Licenses, and Fees	184.00			183.37	
General Insurance	2,819.00			2,772.88	
Irrigation	1,846.00			-	
Landscaping Maintenance & Material	-			45,833.37	
Contingency	970.40			5,935.16	
Total General & Administrative Expenses	$	121,610.96		$	163,350.00	

Total Expenses	
  $	121,610.96 		
   $		
163,350.00 	
Net Income (Loss)	$	31,931.54		$	-	

Variance	FY 2020
Adopted Budget	

$
$

$

$

   $	

$	

(9,807.50)
(9,807.50)

37.25
(5,500.00)
- (2,636.84)
(4,583.37)
23,469.95
(114.62)
(2,500.00)
(395.91)
(183.37)
(247.70)
(458.37)
879.32
(600.00)
0.63
46.12
1,846.00
(45,833.37)
(4,964.76)
(41,739.04)

(41,739.04)

31,931.54	

$
$

$

$

  $	

$	

178,200.00
178,200.00

2,475.00
6,000.00
50,000.00
12,000.00
5,000.00
25,000.00
125.00
6,000.00
500.00
200.00
300.00
500.00
8,000.00
2,400.00
200.00
3,025.00
- 50,000.00
6,475.00
178,200.00

178,200.00 

-