Cypress Park Estates Community Development District
Meeting Agenda April 27, 2021
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AGENDA

April 20, 2021
Cypress Park Estates
Community Development District
219 East Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526

Board of Supervisors Cypress Park Estates
Community Development District

Dear Board Members:

The regular meeting of the Board of Supervisors of Cypress Park Estates Community Development District will be held Tuesday, April 27, 2021 at 11:30 AM at 1925 US Hwy 98 S., Suite 201, Lakeland, FL 33801.

Call-In Information: 1-646-876-9923
Meeting ID: 921 4194 9044

Following is the advance agenda for the meeting:

Board of Supervisors Meeting

Roll Call
Public Comment Period (1Speakers may submit questions and comments to the District Manager prior to the beginning of the meeting via email at jburns@gmscfl.com)
Approval of Minutes of the January 26, 2021 Board of Supervisors Meeting
Consideration of Resolution 2021-04 Appointing Treasurer and Assistant Treasurer
Consideration of Resolution 2021-05 Approving the Proposed Fiscal Year 2022 Budget (Suggested Date: July 27, 2021), Declaring Special Assessments, and Setting the Public Hearings on the Fiscal Year 2022 Budget and the Imposition of Operations & Maintenance Assessments
Consideration of Fee Increase Letter for District Counsel Services from Hopping, Green & Sams
Consideration of Proposals for Arbitrage Rebate Services—ADDED
AMTEC
Grau & Associates

1 Comments will be limited to three (3) minutes
Staff Reports
Attorney
Engineer
District Manager’s Report
Approval of Funding Request #7
Balance Sheet & Income Statement
Ratification of Summary of Series 2020 AA1 Requisitions #15 and #17 to #40
Ratification of Change Orders
Ratification of Change Order #2, #5, and #7 from Jon M. Hall Company
Ratification of External Change Order #2 from Blue Ox
Ratification of PO #7 with Fortiline Waterworks
Other Business
Supervisors Requests and Audience Comments
Adjournment

MINUTES
MINUTES OF MEETING CYPRESS PARK ESTATES
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Cypress Park Estates Community Development District was held Tuesday, January 26, 2021 at 11:30 a.m. at 1925 US Hwy 98 S., Suite 201, Lakeland, FL.

Present and constituting a quorum:

Scott Shapiro	Chairman
McKinzie Terrill	Vice Chairman
Allan Keen via phone	Assistant Secretary
Hyzens Marc via phone	Assistant Secretary
Steve Rosser	Assistant Secretary Also present were:
Jill Burns	District Manager, GMS
Sarah Warren via Zoom	Hopping Green & Sams
Rodney Gadd	District Engineer

FIRST ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order and called the roll. There were 3 supervisors present constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Burns noted that no members of the public were present to provide comments.

THIRD ORDER OF BUSNESS	Approval of the Minutes of the November
9, 2020 Board of Supervisors Meeting
Ms. Burns asked for any questions, comments, corrections to the November 9, 2020 meeting minutes. The Board had no changes.

January 26, 2021	Cypress Park Estates CDD

FOURTH ORDER OF BUSINESS	Consideration	of	Resolution	2021-03
Ratifying Series 2020 Bonds
Ms. Burns noted that bonds were issued at the end of 2020 and this resolution ratifies, confirms, and approves all the actions the District officers and staff took in connection with the closing and the sale of the Series 2020 bonds.

FIFTH ORDER OF BUSINESS	Consideration of Disclosure of Public
Financing
Ms. Burns stated this is a document that will be presented to all builders so that any potential property owners have notice of the series 2020 issuance. IF additional bonds are issued down the road, they will amend this at each issuance so that all property owners are put on notice. She then stated they are looking for a motion to authorize council to record.

SIXTH ORDER OF BUSINESS	Consideration of Proposal from Stewart &
Associates for Landscaping Installation
Ms. Burns presented the proposal to the Board and stated the total amount is $158,440.50. Ms. Warren added that she will be putting an agreement together to be sure there are warranty provisions connected.

SEVENTH ORDER OF BUSINESS	Consideration of Proposal from Pennoni
to	Preform	Professional	Surveying Services for Platting of Phase 1
Ms. Burns reported that the total amount of the contract is $20,200 and will take approximately 5 weeks to complete. Mr. Shapiro asked if this could be made a priority over the

2
January 26, 2021	Cypress Park Estates CDD

landscaping agreement because they are wanting to get the land platted as soon as possible and Ms. Warren stated that that would not be a problem.

EIGHTH ORDER OF BUSINESS	Consideration	of	Memorandum	from
Hopping, Green & Sams Regarding E- Verify Requirements
Ms. Warren overviewed the memorandum for the Board stating that it should not affect the District too much. It requires that they add language to all of the contracts going forward specifying that contractors are required to register for the E-Verify system and screen their employees. Ms. Burns added that they would be looking for a motion to authorize and ratify any actions taken by the manager to enroll the District.

NINTH ORDER OF BUSINESS	Ratification of 2021 Data Sharing and
Usage	Agreement	with	Polk	County Property Appraiser
Ms. Burns noted this is more of an administrative item for their office. Polk County requires the District to enter into this agreement every year due to disclosing parcel information for all the parcels and owners withing Districts. Some of those include exempt parcels from having their information disclosed and this agreement says that they will not disclose the information that is shared.

3
January 26, 2021	Cypress Park Estates CDD

TENTH ORDER OF BUSINESS	Ratification of Contract Agreement with
Polk County Property Appraiser
Ms. Burns stated this agreement allows the District to collect on the tax bill this year.

ELEVENTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Warren had nothing specific to report. She noted that the Governor has not extended an executive order allowing public meetings to be held without a physical quorum, although they are trying to push for them to allow for virtual meetings to continue.

Engineer
There being none, the next item followed.

District Manager’s Report
Approval of Funding Request #6
Ms. Burns noted that this is included in the agenda package and the total amount is
$7,841.17.

Balance Sheet and Income Statement
Ms. Burns noted that the financial statements are included in the agenda package for review and there is no action required. They are through November 30th.

Ratification of Summary of Series 2020 AA1 Requisitions #1 to #14; #16
Ms. Burns stated these have all already been approved by the Chair and the District engineer and have been funded. They just need a motion to ratify.

4
January 26, 2021	Cypress Park Estates CDD

Ratification of Change Order #1 from Jon M. Hall Company
Ms. Burns reported that the total amount of the change order is $499, 277.21. These are items that were removed for direct purchase and it is a negative change order.

Ratification of External Change Order Addendum #1A from Blue Ox
Ms. Burns presented the change order and the Board motioned for approval.

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

THIRTEENTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
There being none, the next item followed.

FOURTEENTH ORDER OF BUSINESS	Adjournment
Ms. Burns adjourned the meeting.

Secretary/Assistant Secretary	Chairman/Vice Chairman

5

SECTION IV
RESOLUTION 2021-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF CYPRESS PARK ESTATES COMMUNITY DEVELOPMENT DISTRICT PROVIDING FOR THE REMOVAL AND APPOINTMENT OF TREASURER AND ASSISTANT TREASURER OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, Cypress Park Estates Community Development District (hereinafter the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, and situated entirely within the city of Haines City, Florida; and

WHEREAS, the Board of Supervisors of the District desires to provide for the removal and appointment of a Treasurer and Assistant Treasurer.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CYPRESS PARK ESTATES COMMUNITY DEVELOPMENT DISTRICT:

Section 1. George Flint is appointed Treasurer effective immediately. Effective immediately, the existing Treasurer, Ariel Lovera, is removed.

Section 2. Katie Costa is appointed Assistant Treasurer effective immediately. Effective immediately, the existing Assistant Treasurer, Jill Burns, is removed.

Section 3. This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED THIS 27th DAY OF APRIL 2021

ATTEST:	CYPRESS PARK ESTATES COMMUNITY DEVELOPMENT DISTRICT

SECRETARY/ASSISTANT SECRETARY	 	
CHAIR

SECTION V
RESOLUTION 2021-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CYPRESS PARK ESTATES COMMUNITY DEVELOPMENT DISTRICT APPROVING PROPOSED BUDGET(S) FOR FISCAL YEAR 2021/2022; DECLARING SPECIAL ASSESSMENTS TO FUND THE PROPOSED BUDGET(S) PURSUANT TO CHAPTERS 170, 190 AND 197, FLORIDA STATUTES; SETTING PUBLIC HEARINGS; ADDRESSING PUBLICATION; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Cypress Park Estates Community Development District (“District”) prior to June 15, 2021, proposed budget(s) (“Proposed Budget”) for the fiscal year beginning October 1, 2021 and ending September 30, 2022 (“Fiscal Year 2021/2022”); and

WHEREAS, it is in the best interest of the District to fund the administrative and operations services (together, “Services”) set forth in the Proposed Budget by levy of special assessments pursuant to Chapters 170, 190 and 197, Florida Statutes (“Assessments”), as set forth in the preliminary assessment roll included within the Proposed Budget; and

WHEREAS, the District hereby determines that benefits would accrue to the properties within the District, as outlined within the Proposed Budget, in an amount equal to or in excess of the Assessments, and that such Assessments would be fairly and reasonably allocated as set forth in the Proposed Budget; and

WHEREAS, the Board has considered the Proposed Budget, including the Assessments, and desires to set the required public hearings thereon;

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CYPRESS PARK ESTATES COMMUNITY DEVELOPMENT DISTRICT:

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2021/2022 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

DECLARING ASSESSMENTS. Pursuant to Chapters 170, 190 and 197, Florida Statutes, the Assessments shall defray the cost of the Services in the total estimated amounts set forth in the Proposed Budget. The nature of, and plans and specifications for, the Services to be funded by the Assessments are described in the Proposed Budget, all of which are on file and available for public inspection at the “District’s Office,” 219 East Livingston Street, Orlando, Florida 32801. The Assessments shall be levied within the District on all benefitted lots and lands, and shall be apportioned, all as described in the Proposed Budget and the preliminary assessment roll included therein. The preliminary assessment roll is also on file and available for public inspection at the District’s Office. The Assessments shall be paid in one more installments
pursuant to a bill issued by the District in November of 2021, and pursuant to Chapter 170, Florida Statutes, or, alternatively, pursuant to the Uniform Method as set forth in Chapter 197, Florida Statutes.

SETTING PUBLIC HEARINGS. Pursuant to Chapters 170, 190, and 197, Florida Statutes, public hearings on the approved Proposed Budget and the Assessments are hereby declared and set for the following date, hour and location:

DATE:	 	, 2021
HOUR:	 	
LOCATION:	1925 U.S. Highway 98 South, Suite 201
Lakeland, Florida 33801

TRANSMITTAL OF PROPOSED BUDGET TO LOCAL GENERAL PURPOSE GOVERNMENT(S). The District Manager is hereby directed to submit a copy of the Proposed Budget to the City of Haines City and Polk County at least 60 days prior to the hearing set above.

POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 3, and shall remain on the website for at least 45 days.

PUBLICATION OF NOTICE. The District shall cause this Resolution to be published once a week for a period of two weeks in a newspaper of general circulation published in Polk County. Additionally, notice of the public hearings shall be published in the manner prescribed in Florida law.

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

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

PASSED AND ADOPTED THIS 27th DAY OF APRIL, 2021.

ATTEST:	CYPRESS PARK ESTATES
COMMUNITY DEVELOPMENT DISTRICT

By: 	

Secretary	Its: 	

Exhibit A:	Fiscal Year 2022 Budget
Exhibit A:
Fiscal Year 2022 Budget

Cypress Park Estates
Community Development District

Proposed Budget
FY2022

6M3

Table of Contents

1	 	General Fund	

3-7	
 	General Fund Narrative	

8	
 	Debt Service Fun Series 2020A1	

9	
 	Amortization Schedule Series 2020A1	

10	
 	Debt Service Fund Series 2020A2	

11	
 	Amortization Schedule Series 2020A2	
Cypress Park Estates
Community Development District
Proposed Budget General Fund

		Adopted
Budget	Actuals
Thru	Projected
Next	Projected
Thru	Proposed
Budget	
	Description	FY2020	3/31/21	6 Months	9/30/21	FY2022	

Revenues							
Assessments - On Roll	$0	$0	$0	$0	$	265,500				
Developer Contributions	$183,686	$37,590	$40,944	$78,534	$	56,345				
Total Revenues	$	183,686  $	37,590	$	40,944	$	78,534	$	321,845				

Expenditures							
Administrative
Supervisor Fees	

$10,000	

$200	

$3,000	

$3,200	

$10,000		
Engineer Fees	$15,000	$0	$7,500	$7,500	$10,000		
Attorney Fees	$25,000	$6,222	$3,111	$9,333	$25,000		
Annual Audit	$0	$0	$2,800	$2,800	$2,900		
Assessment Adminstration	$0	$0	$0	$0	$5,000		
Dissemination	$0	$833	$4,167	$5,000	$5,000		
Arbitrage	$0	$0	$500	$500	$1,000		
Trustee Fees	$0	$0	$5,000	$5,000	$5,000		
Management Fees	$35,000	$17,500	$17,500	$35,000	$36,050		
Information Technology	$2,650	$500	$700	$1,200	$1,800		
Website Maintenance	$0	$0	$0	$0	$1,200		
Telephone	$250	$20	$50	$70	$150		
Postage & Delivery	$500	$10	$25	$35	$500		
Insurance	$5,000	$5,000	$0	$5,000	$5,500		
Printing & Binding	$500	$7	$50	$57	$350		
Legal Advertising	$10,000	$807	$1,625	$2,433	$10,000		
Other Current Charges	$1,500	$815	$407	$1,222	$2,000		
Office Supplies	$521	$8	$2	$10	$350		
Travel Per Diem	$550	$0	$0	$0	$550		
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175		

Total Administrative	$	106,646	$	32,098	$	46,437	$	78,534	$	122,525	

1
Cypress Park Estates
Community Development District
Proposed Budget General Fund

Adopted
Budget	Actuals
Thru	Projected
Next	Projected
Thru	Proposed
Budget		
Description	FY2020	3/31/21	6 Months	9/30/21	FY2022		
Operations & Maintenance
Field Services						
Property Insurance	$5,000	$0	$0	$0	$5,000	
Field Management	$15,000	$0	$0	$0	$15,000	
Landscape Maintenance	$26,880	$0	$0	$0	$40,000	
Landscape Replacement	$2,500	$0	$0	$0	$5,000	
Lake Maintenance	$0	$0	$0	$0	$10,000	
Streetlights	$12,600	$0	$0	$0	$12,600	
Electric	$2,000	$0	$0	$0	$5,000	
Water & Sewer	$1,000	$0	$0	$0	$5,000	
Sidewalk & Asphalt Maintenance	$500	$0	$0	$0	$500	
Irrigation Repairs	$2,500	$0	$0	$0	$2,500	
General Repairs & Maintenance	$5,000	$0	$0	$0	$5,000	
Contingency	$2,500	$0	$0	$0	$5,000	

Amenity Expenses						
Amenity - Electric	$0	$0	$0	$0	$14,400	
Amenity - Water	$0	$0	$0	$0	$5,000	
Playground Lease	$0	$0	$0	$0	$14,000	
Internet	$0	$0	$0	$0	$3,000	
Pest Control	$0	$0	$0	$0	$720	
Janitorial Service	$0	$0	$0	$0	$5,400	
Security Services	$0	$0	$0	$0	$15,000	
Pool Maintenance	$0	$0	$0	$0	$16,200	
Amenity Repairs & Maintenance	$0	$0	$0	$0	$5,000	
Contingency	$0	$0	$0	$0	$5,000	

Other Expenses							
Capital Reserves		$0		$0	$0	$0	$5,000	
Total Other Expenses		$	-	$	-	$	-	$	-	$	5,000	
							
Total Expenditures		$	182,126	$	32,098	$	46,437  $	78,534	$	321,845	
							
Excess Revenues/(Expenditures)		$	1,560	$	5,492	$	(5,493)  $	(0)	$	-	
					
Net Assessments	
$	265,500	
					Add: Discounts & Collections 7%	$19,984	
					Gross Assessments	$285,484	
							
Product	ERU's	Assessable Units		ERU/Unit	Net Assessment	Net Per Unit	Gross Per Unit	
Platted	354.00	354.00		1.00	$265,500.00	$750.00	$806.45	
							
			2				
Cypress Park Estates
Community Development District
GENERAL FUND BUDGET

REVENUES:

Special Assessments

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

Developer Contributions

The District will enter into a Funding Agreement with the Developer to fund the General Fund expenditures for the Fiscal Year.

EXPENDITURES:

Administrative:

Supervisor Fees

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

Engineer Fees

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

Attorney Fees

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

Annual Audit

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

Assessment Administration

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

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This cost is based upon the Series 2020 bonds as well as one other anticipated bond issuance.
3
Cypress Park Estates Community Development District GENERAL FUND BUDGET

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its Series 2020 bonds as well as one other anticipated bond issuance.
Trustee Fees

The District will incur trustee related costs with the issuance of its’ issued bonds.

Management Fees

The District will incur costs for Management, Accounting and Administrative services during the Fiscal Year.

Information Technology

Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc.

Website Maintenance

Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Telephone

Telephone and fax machine.

Postage

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

Insurance

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

Printing & Binding

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

Legal Advertising

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

Other Current Charges

Bank charges and any other miscellaneous expenses incurred during the year.
4
Cypress Park Estates Community Development District GENERAL FUND BUDGET

Office Supplies

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

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

Dues, Licenses & Subscriptions

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

Operations & Maintenance:

Field Services

Property Insurance

The District’s property insurance coverages.

Field Management

Represents the estimated costs of contracting services that provide onsite field management of contracts for the District such as landscape and lake maintenance. Services can include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Landscape Maintenance

Represents the estimated maintenance of the landscaping within the common areas of the District after the installation of landscape material has been completed.

Landscape Replacement

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

Lake Maintenance

Represents the estimated maintenance of the lake within the District’s boundaries.

Streetlights

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

Electric

Represents current and estimated electric charges of common areas throughout the District.
5
Cypress Park Estates Community Development District GENERAL FUND BUDGET

Water & Sewer

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

Sidewalk & Asphalt Maintenance

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

Irrigation Repairs

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

General Repairs & Maintenance

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

Contingency

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

Amenity Expenses

Amenity - Electric

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

Amenity – Water

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

Playground Lease

The District has entered into a leasing agreement for playgrounds and pool furniture installed in the community.

Internet

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

Pest Control

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

Janitorial Services

Represents the costs to provide janitorial services 3 times a week and supplies for the District’s amenity facilities.

6
Cypress Park Estates Community Development District GENERAL FUND BUDGET

Security Services

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

Pool Maintenance

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

Amenity Repairs & Maintenance

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

Contingency

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

7
Cypress Park Estates
Community Development District

Proposed Budget Debt Service Fund Series 2020 A-1

		Proposed Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
	Description	FY2021	3/31/21	6 Months	9/30/21	FY2022	

Revenues							

Special Assessments - 2020 A1 Carry Forward Surplus
$	-	$
$	-	$
-	$	-	$
-	$	-	$
-	$	442,500
-	$	146,353

Expenses Series 2020A-1 Interest - 5/1 Principal - 5/1 Interest - 11/1

$	137,409	$
$	-	$
$	-	$

-	$	137,409	$
-	$	-	$
-	$	-	$

137,409	$
-	$
-	$

146,353
150,000
146,353

Other Financing Sources/(Uses)

Bond Proceeds
$	726,262	$
726,262	$
-	$	726,262	$	-

*Carry forward less amount in Reserve funds.

Series 2020 A-1
Principal - 11/1/2022	$144,384

Total 	$144,384 

8
Cypress Park Estates
Community Development District
Series 2020 Special Assessment Bonds Area 1 Amortization Schedule

-
- 0,000.00
- 5,000.00
- 5,000.00
- 0,000.00
- 5,000.00
- 0,000.00
- 5,000.00
- 5,000.00
- 0,000.00
- 5,000.00
- 5,000.00
- 0,000.00
- 0,000.00
- 0,000.00
- 0,000.00
- 5,000.00
- 5,000.00
- 5,000.00
- 0,000.00
- 0,000.00
- 0,000.00
- 5,000.00
- 5,000.00
- 0,000.00
- 5,000.00
- 5,000.00
- 5,000.00
- 0,000.00
- 5,000.00
- 0,000.00
9
Cypress Park Estates
Community Development District

Proposed Budget Debt Service Fund Series 2020 A-2

	Proposed Budget	Actuals	Projected Thru		Next	Projected Thru	Proposed Budget	
Description	FY2021	3/31/21	6 Months	9/30/21	FY2022	

Revenues					
Special Assessments - 2020 A2	$	-	$	-	$	-	$	-	$	71,156	
Carry Forward Surplus	$	-	$	-	$	-	$	-	$	24,078	
Total Revenues	$	-	$	-	$	-	$	-	$	95,234	

Expenses					
Series 2018A-2					
Interest - 5/1	$	22,607	$	-	$	22,607	$	22,607	$	24,078	
Principal - 5/1	$	-	$	-	$	-	$	-	$	20,000	
Interest- 11/1	$	-	$	-	$	-	$	24,078	
Total Expenditures	$	22,607	$	-	$	22,607	$	22,607	$	68,156	

Other Financing Sources/(Uses)					
Bond Proceeds	$	117,841	$	117,841	$	-	$	117,841	$	-	
Total Other Financing Sources/(Uses)	$	117,841	$	117,841	$	-	$	117,841	$	-	
					
Excess Revenues/(Expenditures)	$	95,234	$	117,841	$	(22,607)	$	95,234	$	27,078	

*Carry forward less amount in Reserve funds.					
Series 2020 A-2
Interest - 11/1/2022	$23,678

Total 	$23,678 

10
Cypress Park Estates
Community Development District
Series 2020 Special Assessment Bonds Area 2 Amortization Schedule

-
- 0,000.00
- 0,000.00
- 0,000.00
- 5,000.00
- 5,000.00
- 5,000.00
- 5,000.00
- 0,000.00
- 0,000.00
- 0,000.00
- 0,000.00
- 0,000.00
- 5,000.00
- 5,000.00
- 5,000.00
- 0,000.00
- 0,000.00
- 0,000.00
- 5,000.00
- 5,000.00
- 5,000.00
- 0,000.00
- 0,000.00
- 5,000.00
- 5,000.00
- 5,000.00
- 0,000.00
- 0,000.00
- 5,000.00
- 5,000.00
11

SECTION VI
Hopping Green & Sams
Attorneys and Counselors
January 28, 2021

Cypress Park Estates Community Development District c/o Governmental Management Services
219 East Livingston Street Orlando, Florida 32801

Re:	Cypress Park Estates Community Development District Dear District Manager:
The fee agreement in place between our firm and the District contemplates annual adjustments to the hourly billing after an annual evaluation by our firm. The firm is respectfully submitting this notification of increase in our standard hourly rates. The District will still benefit from a reduction in hourly rates as an existing client of the firm. My hourly rate will be $365. The hourly rate of the associate most likely to provide services to the District will adjust from $265 to
$285. Sarah Warren's rate will be $285. The rate for paralegal services will be $160. The updated hourly rates will become effective with the February billing statement, covering January 2021 time.

As always, we will continue to implement cost-effective strategies to minimize legal expenses for the District while at the same time providing thoughtful and comprehensive services.

If you have any questions, please feel free to call. We thank you for the opportunity to be of service.

RVW/lk

cc:	Scott Shapiro, Chairman

Accepted:

Chair, Board of Super visors

Date: 	_
/
Roy Van Wyk

Post Office Box 6526	Tallahassee, Florida 32314	119 S. Monroe Street, Suite 300 (32301)	850.222.7500	850.22.48551fax	www.hgslaw.com

SECTION VII

SECTION A

Arbitrage Rebate Computation Proposal For
Cypress Park Estates Community Development District
(City of Haines City, Florida)
$7,770,000 Special Assessment Bonds, Series 2020 (Assessment Area 1 Project)
$1,185,000 Special Assessment Bonds, Series 2020 (Assessment Area 2 – 2020 Project)

April 21, 2021

Cypress Park Estates Community Development District c/o Ms. Indhira Araujo
Government Management Services – CF, LLC 6200 Lee Vista Boulevard
Suite 300
Orlando, FL 32822

Re:	Cypress Park Estates Community Development District (City of Haines City, Florida)
$7,770,000 Special Assessment Bonds, Series 2020 (Assessment Area 1 Project) &
$1,185,000 Special Assessment Bonds, Series 2020 (Assessment Area 2 – 2020 Project)

Dear Ms. Araujo:

AMTEC is an independent consulting firm that specializes in arbitrage rebate calculations. We have the ability to complete rebate computations for the above-referenced Cypress Park Estates Community Development District (the “District”) Series 2020 bond issue (the “Bonds”). We do not sell investments or seek an underwriting role. As a result of our specialization, we offer very competitive pricing for rebate computations. Our typical fee averages less than $1,000 per year, per issue and includes up to five years of annual rebate liability reporting.

Firm History
AMTEC was incorporated in 1990 and maintains a prominent client base of colleges and universities, school districts, hospitals, cities, state agencies and small-town bond issuers throughout the United States. We currently compute rebate for more than 6,600 bond issues and have delivered thousands of rebate reports. The IRS has never challenged our findings.

Southeast Client Base
We provide arbitrage rebate services to over 350 bond issues aggregating more than $9.1 billion of tax- exempt debt in the southeastern United States. We have recently performed computations for the Magnolia West, East Park, Palm Coast Park, Cypress Park Estates and Town Center at Palm Coast Park Community Development Districts. Additionally, we are exclusive rebate consultant to Broward County and the Town of Palm Beach in Florida. Nationally, we are rebate consultants for the City of Tulsa (OK), the City of Lubbock (TX) and the States of Connecticut, New Jersey, Montana, Mississippi, West Virginia, Vermont and Alaska.

We have prepared a Proposal for the computation of arbitrage for the District’s Bonds. We have established a "bond year end" of November 12th, based upon the anniversary of the closing date of the Bonds in November 2020.
Proposal

We are proposing rebate computation services based on the following:

$7,770,000 Special Assessment Bonds, Series 2020 (Assessment Area 1 Project)
$1,185,000 Special Assessment Bonds, Series 2020 (Assessment Area 2 – 2020 Project)
Fixed Rate Debt; and
Acquisition & Construction, Debt Service Reserve, Capitalized Interest, Cost of Issuance & Debt Service Accounts.

Should the Tax Agreement require rebate computations for any other accounts, computations will be extended to include those accounts at no additional cost to the District.

Our guaranteed fee for rebate computations for the Series 2020 Bonds is $450 per year and will encompass all activity from November 12, 2020, the date of the closing, through November 12, 2025, the end of the 5th Bond Year and initial Computation Date. The fee is based upon the size as well as the complexity. Our fee is payable upon your acceptance of our rebate reports, which will be delivered shortly after the report dates specified in the following tables.

AMTEC's Professional Fee – $7,770,000 Series 2020 Bonds (Assessment Area 1 Project)

Report Date	Type of Report	Period Covered	Fee	
October 31, 2021	Rebate and Opinion	Closing – October 31, 2021	$	450	
October 31, 2022	Rebate and Opinion	Closing – October 31, 2022	$	450	
October 31, 2023	Rebate and Opinion	Closing – October 31, 2023	$	450	
October 31, 2024	Rebate and Opinion	Closing – October 31, 2024	$	450	
November 12, 2025	Rebate and Opinion	Closing – November 12, 2025	$	450	

AMTEC's Professional Fee – $1,185,000 Series 2020 Bonds (Assessment Area 2 – 2020 Project)

Report Date	Type of Report	Period Covered	Fee	
October 31, 2021	Rebate and Opinion	Closing – October 31, 2021	$	450	
October 31, 2022	Rebate and Opinion	Closing – October 31, 2022	$	450	
October 31, 2023	Rebate and Opinion	Closing – October 31, 2023	$	450	
October 31, 2024	Rebate and Opinion	Closing – October 31, 2024	$	450	
November 12, 2025	Rebate and Opinion	Closing – November 12, 2025	$	450	

In order to begin, we are requesting copies of the following documentation:

Arbitrage Certificate or Tax Regulatory Agreement
IRS Form 8038-G
Closing Memorandum
US Bank statements for all accounts from November 12, 2020, the date of the closing, through each report date
3
AMTEC's Scope of Services

Our standard engagement includes the following services:
Review of all bond documents and account statements for possible rebate exceptions;
Computation of the rebate liability and/or the yield restricted amount, in accordance with Section 148 of the Internal Revenue Code, commencing with the date of the closing through required reporting date of the Bonds;
Independent calculation of the yield on the Bonds to ensure the correct basis for any rebate liability. This effort provides the basis for our unqualified opinion;
Reconciliation of the sources and uses of funds from the bond documentation;
Calculation and analysis of the yield on all investments, subject to the Regulations, for each computation period;
Production of rebate reports, indicating the above stated information, and the issuance of the AMTEC Opinion;
Recommendations for proactive rebate management;
Commingled funds, transferred proceeds and yield restriction analyses, if necessary;
Preparation of IRS Form 8038-T and any accompanying documentation, should a rebate payment be required;
We will discuss the results of our Reports with you, your auditors, and our continued support in the event of an IRS inquiry; and
We guarantee the completeness and accuracy of our work.

The District agrees to furnish AMTEC with the required documentation necessary to fulfill its obligation under the scope of services. The District will make available staff knowledgeable about the bond transactions, investments and disbursements of bond proceeds.

The District agrees to pay AMTEC its fee after it has been satisfied that the scope of services, as outlined under the Proposal, has been fulfilled. AMTEC agrees that its fee is all-inclusive and that it will not charge the District for any expenses connected with this engagement.

The parties have executed this Agreement on 	, 2021.

Cypress Park Estates
Community Development District
Consultant: American Municipal Tax-Exempt Compliance Corporation
 	
By:	By:	Michael J. Scarfo
Senior Vice President

4

SECTION B

April 21, 2021

Board of Supervisors
Cypress Park Estates Community Development District 6200 Lee Vista Blvd, Suite 300
Orlando, FL 32822
951 Yamato Road ▪ Suite 280 Boca Raton, Florida  33431 (561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

We appreciate the opportunity to offer our services to Cypress Park Estates Community Development District (the “Issuer”). This letter confirms our engagement to provide arbitrage rebate services, with respect to the $8,955,000 Special Assessment Bonds, Series 2020 (the “Bond”).

The procedures that we will perform are as follows:

Assist in the determination of the amount, if any, of required rebate to the United States government.

Issuance of a report representing the cumulative results since the issuance date of the Bond based on information provided by the Issuer and/or Trustee.

In assisting in the determination of the amount of any potential required rebate, we will not verify or otherwise audit the accuracy of information provided to us by you or the Trustee, and accordingly, we express no opinion on such information. Furthermore, the performance of the above-mentioned procedures will not constitute an audit made in accordance with generally accepted auditing standards, the objective of which is the expression of an opinion on the elements, accounts, or items of a financial statement. Therefore, Grau & Associates (“Grau”) will not be in a position to express, and will not express an opinion, or any other form of assurance, as a result of performing these procedures.

The procedures that Grau has been requested to perform are solely the responsibility of the Issuer. Furthermore, Grau has no responsibility to advise the Issuer of other procedures that might be performed and makes no representations as to the sufficiency of such procedures for the purposes of the Issuer.

Grau’s responsibility is limited to performing the procedures specified and agreed to, and to reporting the resulting findings, subject to the limitations contained herein, and our engagement cannot be relied on to disclose errors or irregularities should they exist. Grau has no responsibility for updating the procedures performed or for performing any additional procedures.

Since tax law is not always clear, we will use our professional judgment in resolving questions affecting the arbitrage rebate calculations. Any of your Bond issues may be selected for review by the Internal Revenue Service (“IRS”), which may not agree with our positions. Any proposed adjustments are subject to certain rights of appeal. Due to the lack of clarity in the tax law, we cannot provide assurance that the positions asserted by the IRS may not ultimately be sustained. You have the ultimate responsibility for your compliance with arbitrage rebate laws; therefore, you should review the calculations carefully.

The Issuer shall provide accurate and complete information requested by Grau. Grau has no responsibility for the accuracy or completeness of the information provided by, or on behalf of, the Issuer, even if Grau had reason to know or should have known of such inaccuracy or incompleteness.

Should Grau determine that significant restrictions are being placed on the performance of the above- mentioned procedures by the Issuer, Grau shall be entitled to withdraw from this engagement.

Any report issued by Grau will not be used by, or circulated, quoted, disclosed or distributed to, nor will reference to such reports be made to anyone who is not a member of management or of the Board of Directors of the Issuer.
2
Limitation on Liability

The Issuer agrees that Grau, its partners, principals, and employees shall not be liable to the Issuer for any actions, losses, damages, claims, liabilities, costs, or expenses in any way arising out of or relating to this engagement for an aggregate amount in excess of the fees paid by the Issuer to Grau for the services performed pursuant to this engagement. In no event shall Grau, its partners, principals, or employees be liable for consequential, special, indirect, incidental, punitive or exemplary loss, damage, cost, or expense (including without limitation, lost profits and opportunity costs).

The Issuer also agrees to indemnify and hold harmless Grau, its partners, principals, and employee from and against any and all actions, losses, damages, claims, liabilities, costs, and expenses (including, without limitation, reasonable legal fees and expenses) brought against, paid, or incurred by any of them at any time, in any way arising out of or relating to a breach or an alleged breach by the Issuer of any provision of this engagement letter, including, without limitation, the restrictions on report use and distribution.

The limitation on liability and indemnification provisions of this engagement letter shall apply regardless of the form of action, loss, damage, claim, liability, cost, or expense, whether in contract, statute, tort (including, without limitation, negligence), or otherwise. The agreements and undertakings of the Issuer contained in this engagement letter, including, without limitation, those pertaining to restrictions on report use and distribution, limitation on liability, and indemnification, shall survive the completion of termination of this engagement.

Our fee for performing the annual rebate calculations will be $600. We will discuss with you whether a fee adjustment is appropriate on rebate calculations for future periods. Furthermore, you may request additional consulting services from us upon occasion and we will bill you for these services at our standard hourly rates unless otherwise agreed.

You understand that the arbitrage rebate services and report described above are solely to assist you in meeting your requirements for federal income tax compliance purposes.

If the above terms are acceptable to you, and the services outlined are in accordance with your understanding, please sign both engagement letters in the space provided and return one original to us.

Very truly yours,

Antonio Grau

Accepted and agreed to by Cypress Park Estates Community Development District:

Signature:   		
Title:	 		
Date:	 		

SECTION VIII

SECTION C

SECTION 1
Cypress Park Estates	Funding Request #7
Community Development District	March 25, 2021

	PAYEE	GENERAL FUND	

1	
DEO		
	Inv#83682 - Special District Fee	$175.00	
1	GMS		
	Inv#17 - Management Fees - Dec 2020	$3,037.35	
	Inv#18 - Management Fees - Jan 2021	$3,439.14	
	Inv#19 - Management Fees - Feb 2021	$3,484.25	
	Inv#20 - Management Fees - March 2021	$3,435.19	
2	Hopping Green & Sams		
	Inv#118741 - Legal Services - Oct 2020	$1,296.50	
	Inv#118747 - Legal Services - Oct 2020	$791.50	
	Inv#119093 - Legal Services - Nov 2020	$2,725.50	
	Inv#120004 - Legal Services - Dec 2020	$259.02	
	Inv#120712 - Legal Services - Jan 2021	$1,408.62	
3	The Ledger		
	Inv#1042309 - Notice of Meetings - Oct 31 2021	$731.71	
	Inv#1044504 - Notice of Meetings - Jan 19 2021	$292.84	
4	Attendance Confirmation - Board of Supervisors		
	McKinzie Terril - October 27, 2020	$200.00	
	McKinzie Terril - January 26, 2021	$200.00	
	Hyzens Marc - October 27, 2020	$200.00	
	Hyzens Marc - November 9, 2020	$200.00	
	Hyzens Marc - January 26, 2021	$200.00	
	Total Funding Request	$22,076.62	
	Credit from previous FR#5	-$646.80	
	TOTAL	$21,429.82	

(1)
All capital related invoices will be reimbursed to the Developer upon issuance of Bonds.

Please make check payable to:

Cypress Park Estates Community Dev 6200 Lee Vista Boulevard Suite 300
Orlando, FL 32822

SECTION 2

Cypress Park Estates
Community Development District

Unaudited Financial Reporting
March 31, 2021

Table of Contents

 	Balance Sheet

 	General Fund

 	Series 2020 Debt  Service Fund

 	Series 2020 Capital Projects Fund

 	Month to Month
Cypress Park Estates
Community Development District Combined Balance Sheet
March 31, 2021

Series 2020 AA2

1
Cypress Park Estates
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending March 31, 2021

Adopted	Prorated Budget	Actual		
Budget	Thru 03/31/21	Thru 03/31/21	Variance	

Revenues						
Developer Contributions	$	183,686	$	37,590	$	37,590	$	-	
Total Revenues	$	183,686	$	37,590	$	37,590	$	-	

Expenditures:						
General & Administrative:						
Supervisor Fees	$	10,000	$	5,000	$	200	$	4,800	
Engineer Fees	$	15,000	$	7,500	$	-	$	7,500	
Dissemination	$	-	$	833	$	833	$	-	
Attorney Fees	$	25,000	$	12,500	$	6,222	$	6,278	
Management Fees	$	35,000	$	17,500	$	17,500	$	(0)	
Information Technology	$	2,650	$	1,325	$	500	$	825	
Telephone	$	250	$	125	$	20	$	105	
Postage & Delivery	$	500	$	250	$	10	$	240	
Insurance	$	5,000	$	5,000	$	5,000	$	-	
Printing & Binding	$	500	$	250	$	7	$	243	
Legal Advertising	$	10,000	$	5,000	$	807	$	4,193	
Other Current Charges	$	1,500	$	750	$	815	$	(65)	
Office Supplies	$	521	$	261	$	8	$	252	
Travel Per Diem	$	550	$	275	$	-	$	275	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative:	$	106,646	$	56,744	$	32,098	$	24,646	

Operations & Maintenance						
Field Services
Property Insurance	
$	5,000	
$	
-	
$	-	
$	-	
Field Management	$	15,000	$	7,500	$	-	$	7,500	
Landscape Maintenance	$	26,880	$	13,440	$	-	$	13,440	
Landscape Replacement	$	2,500	$	1,250	$	-	$	1,250	
Fertilization	$	1,560	$	780	$	-	$	780	
Streetlights	$	12,600	$	6,300	$	-	$	6,300	
Electric	$	2,000	$	1,000	$	-	$	1,000	
Water & Sewer	$	1,000	$	500	$	-	$	500	
Sidewalk & Asphalt Maintenance	$	500	$	250	$	-	$	250	
Irrigation Repairs	$	2,500	$	1,250	$	-	$	1,250	
General Repairs & Maintenance	$	5,000	$	2,500	$	-	$	2,500	
Contingency	$	2,500	$	1,250	$	-	$	1,250	
Total Operations & Maintenance	$	77,040	$	36,020	$	-	$	36,020	
						
Total Expenditures	$	183,686	$	92,764	$	32,098	$	60,666	
		.				
Excess Revenues (Expenditures)	$	-			$	5,492		
						
Fund Balance - Beginning	$	-			$	(2,111)		
						
Fund Balance - Ending	$	-			$	3,382		

2					
Cypress Park Estates
Community Development District Debt Service Fund Series 2020 A1 & A2
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending March 31, 2021

Adopted	Prorated Budget	Actual		
Budget	Thru 03/31/21	Thru 03/31/21	Variance	

Revenues

Interest	

$	-	$	-	$	15	

$	15	
Total Revenues	$	-	$	-	$	15	$	15	

Expenditures:

Capital Outlay	

$	-	$	-	$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	

Other Financing Sources/(Uses)			

Bond Proceeds	
$	-	$	-	$	844,104	
$	844,104	
Total Other Financing Sources (Uses)	$	-	$	-	$	844,104	$	-	
			
Excess Revenues (Expenditures)	$	-	$	844,119		
			
Fund Balance - Beginning	$	-	$	-		
			
Fund Balance - Ending	$	-	$	844,119		

3
Cypress Park Estates
Community Development District Capital Projects Fund - A1 & A2
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending March 31, 2021

Adopted	Prorated Budget	Actual		
Budget	Thru 03/31/21	Thru 03/31/21	Variance	

Revenues			
Interest	$	-	$	-	$	108	$	108	
Total Revenues	$	-	$	-	$	108	$	108	

Expenditures:			
Capital Outlay	$	-	$	-	$	4,636,253	$	(4,636,253)	
Capital Outlay - COI	$	-	$	-	$	482,743	$	(482,743)	
Total Expenditures	$	-	$	-	$	5,118,995	$	(5,118,995)	

Other Financing Sources/(Uses)			

Bond Proceeds	
$	-	$	-	$	8,110,896	
$	8,110,896	
City Contribution	$	-	$	-	$	813,136	$	813,136	
Total Other Financing Sources (Uses)	$	-	$	-	$	8,924,032	$	8,924,032	
			
Excess Revenues (Expenditures)	$	-	$	3,805,145		
			
Fund Balance - Beginning	$	-	$	(6,645)		
			
Fund Balance - Ending	$	-	$	3,798,500		

4
Cypress Park Estates
Community Development District Month to Month

Revenues								
Developer Contributions	$	5,000	$	-	$	11,160	$	-	$	-	$	21,430	$	-    $	-    $	-    $	-    $	-    $	-    $	37,590	
Total Revenues	$	5,000	$	-	$	11,160	$	-	$	-	$	21,430	$	-    $	-    $	-    $	-    $	-    $	-    $	37,590	

Expenditures:								
General & Administrative:								
Supervisor Fees	$	-	$	200	$	-	$	-	$	-	$	-	$	-     $	-     $	-     $	-     $	-     $	-     $	200	
Engineer Fees	$	-	$	-	$	-	$	-	$	-	$	-	$	-     $	-     $	-     $	-     $	-     $	-     $	-	
Dissemination	$	-	$	-	$	-	$	417	$	-	$	417	$	-     $	-     $	-     $	-     $	-     $	-     $	833	
Attorney Fees	$	2,088	$	2,726	$	-	$	1,409	$	-	$	-	$	-    $	-    $	-    $	-    $	-    $	-    $	6,222	
Management Fees	$	2,917	$	2,917	$	2,917	$	2,917	$	2,917	$	2,917	$	-    $	-    $	-    $	-    $	-    $	-    $	17,500	
Information Technology	$	100	$	100	$	100	$	100	$	-	$	100	$	-     $	-     $	-     $	-     $	-     $	-     $	500	
Telephone	$	7	$	-	$	14	$	-	$	-	$	-	$	-     $	-     $	-     $	-     $	-     $	-     $	20	
Postage & Delivery	$	2	$	3	$	-	$	3	$	-	$	2	$	-     $	-     $	-     $	-     $	-     $	-     $	10	
Insurance	$	5,000	$	-	$	-	$	-	$	-	$	-	$	-    $	-    $	-    $	-    $	-    $	-    $	5,000	
Printing & Binding	$	0	$	-	$	5	$	2	$	-	$	-	$	-     $	-     $	-     $	-     $	-     $	-     $	7	
Legal Advertising	$	515	$	-	$	-	$	293	$	-	$	-	$	-     $	-     $	-     $	-     $	-     $	-     $	807	
Other Current Charges	$	-	$	265	$	120	$	174	$	135	$	120	$	-     $	-     $	-     $	-     $	-     $	-     $	815	
Office Supplies	$	3	$	3	$	3	$	0	$	-	$	0	$	-     $	-     $	-     $	-     $	-     $	-     $	8	
Travel Per Diem	$	-	$	-	$	-	$	-	$	-	$	-	$	-     $	-     $	-     $	-     $	-     $	-     $	-	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-     $	-     $	-     $	-     $	-     $	-     $	175	
Total General & Administrative:	$	10,805	$	6,213	$	3,157	$	5,315	$	3,052	$	3,555	$	-    $	-    $	-    $	-    $	-    $	-    $	32,098	

Operations & Maintenance								
Field Services
Property Insurance	
$	-	
$	-	
$	-	
$	-	
$	-	
$	-	
$	-     $	-     $	-     $	-     $	-     $	-     $	-	
Field Management	$	-	$	-	$	-	$	-	$	-	$	-	$	-     $	-     $	-     $	-     $	-     $	-     $	-	
Landscape Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-     $	-     $	-     $	-     $	-     $	-     $	-	
Landscape Replacement	$	-	$	-	$	-	$	-	$	-	$	-	$	-     $	-     $	-     $	-     $	-     $	-     $	-	
Fertilization	$	-	$	-	$	-	$	-	$	-	$	-	$	-     $	-     $	-     $	-     $	-     $	-     $	-	
Streetlights	$	-	$	-	$	-	$	-	$	-	$	-	$	-     $	-     $	-     $	-     $	-     $	-     $	-	
Electric	$	-	$	-	$	-	$	-	$	-	$	-	$	-     $	-     $	-     $	-     $	-     $	-     $	-	
Water & Sewer	$	-	$	-	$	-	$	-	$	-	$	-	$	-     $	-     $	-     $	-     $	-     $	-     $	-	
Sidewalk & Asphalt Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-     $	-     $	-     $	-     $	-     $	-     $	-	
Irrigation Repairs	$	-	$	-	$	-	$	-	$	-	$	-	$	-     $	-     $	-     $	-     $	-     $	-     $	-	
General Repairs & Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-     $	-     $	-     $	-     $	-     $	-     $	-	
Contingency	$	-	$	-	$	-	$	-	$	-	$	-	$	-     $	-     $	-     $	-     $	-     $	-     $	-	
Total Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-    $	-    $	-    $	-    $	-    $	-    $	-	
								
Total Expenditures	$	10,805	$	6,213	$	3,157	$	5,315	$	3,052	$	3,555	$	-    $	-    $	-    $	-    $	-    $	-    $	32,098	
								
Excess Revenues (Expenditures)	$	(5,805)	$	(6,213)	$	8,003	$	(5,315)	$	(3,052)	$	17,875	$	-    $	-    $	-    $	-    $	-    $	-    $	5,492	

5

SECTION 3
Requisition	Payee/Vendor	Amount	
15	Greenberg Traurig	$	1,585.00	
17	Blue Ox Enterprises, LLC	$	16,312.16	
18	Florida Wall Concepts, Inc.	$	46,944.09	
19	Rinker Materials	$	65,751.52	
20	Fortiline Waterworks	$	446,169.78	
21	Mack Industries, Inc.	$	155,053.00	
22	Blue Ox Enterprises, LLC	$	71,340.16	
23	Jon M. Hall Company	$	384,769.73	
24	Hopping, Green & Sams	$	2,453.00	
25	Jon M. Hall Company	$	233,800.25	
26	Blue Ox Enterprises, LLC	$	118,913.22	
27	Wood & Associates Engineering, LLC	$	1,437.50	
28	Jon M. Hall Company	$	208,095.95	
29	Gadd & Associates, LLC	$	7,944.00	
30	Gadd & Associates Civil Engineering & Consulting	$	2,059.47	
31	Hopping, Green & Sams	$	1,829.70	
32	Fortiline Waterworks	$	55,057.20	
33	Hopping, Green & Sams	$	823.00	
34	Florida Wall Concepts, Inc.	$	7,115.80	
35	Jon M. Hall Company	$	754,909.87	
36	Fortiline Waterworks	$	5,858.00	
37	Blue Ox Enterprises, LLC	$	33,395.48	
38	Hopping, Green & Sams	$	852.50	
39	Hopping, Green & Sams	$	555.50	
40	Gadd & Associates Civil Engineering & Consulting	$	6,295.20	
	TOTAL	$	2,629,321.08	

SECTION 4

SECTION (a)

JON M HA	L,
C O M P A N Y
F/or,do' 1 Pre:m, r Sitt Dt ,t lopt r

1400 M art in Luther King Jr . Blvd.
Sanfor d, Fl 32771 P: 407-215-0410 F: 407 -8 13-2280
www,j onmhatlcompany .com

j

Total Price for above 01 MOBIUZATION & GENERAL CONDffiONS Items:	($1,1 55,0 59.49)

Payment Terms:

Total Bid Price: ($1,155,059.49.)
Payment terms are net 30 days. Overdueamounts will collect interest at 18% APR. Customer agrees to pay any attorney fees associated with collecting unpaid amounts.

2/12/2021 9:05:02 AM	Pagel of l

JONMHALL
COMPANY
Florida's Premier Site Developer

1400 Martin Luther King Jr. Blvd.
Sanford,  FL 32771
P: 407-215-0410   F: 407-813-2280
www.jonmhallcompany.com

IItem Description	

Estimated Quantity Unit	

Unit Price	

Total Price!	
OS I PAVING				
1.5" Sleeves (Sch40 Plpe)j	440.00 LF	$8.00	$3,520.00	
3" Sleeves (ScM0 Pipe)	7,380.00 LF	$12.00	$88,560.00	
4" Sleeves(Sch40 Pipe)	240.00 LF	$15.00	$3,600.00	
Total Price for above OS I PAVING ltems: 		    :_$9_S-','-6_8_0_O._O

Total Bid Price:	$95,680.00

Notes:
Proposal based on Duke Energy's Cypress Park Estates PH1 Preliminary Design WO's - 38194451,39272956,39272972,39272995
2 - 4" Crossings of 60' LF/each were added to entrances Johnson Ave & Baker Dairy Rd.
Payment Terms:

3/31/2021 3:34:16 PM	Page 1 of 1

JONMHALL
COMPANY
Florida's  Prtmi,r Site De loptr

1400 Martin Luther King Jr. Blvd.
Sanford, FL 32771
P: 407-215-0410  F: 407-813-2280
www.jonmhallcompany.com

IItem Description	Estimated Quantity  Unit	Unit Price	Total Price!
01 MOBILIZATION & GENERAL CONDITIONS
Fortiline - Duke Energy Crossings	0	, 600	1.00 LS	($41,554.17)
($41,554.17)
Total Price for above 01 MOBILIZATION & GENERAL CONDITIONS Items: 	($41,554.17) 

Payment Terms:
Total Bid Price:	($41,554.17)

Payment terms are net 30 days. Overdue amounts will collect interest at !Sok APR. Customer agrees to pay any attorney fees associated with collecting unpaid amounts.

ACCEPTED:	CONFIRMED:			
The above prices, specifications and conditions are satisfactory and are hereby accepted.	Jon M. Hall Company			
	
Authorized Signature:	
'f-	
    ::::::==:::== :::::::! - ­	
	Estlmator: Henry Chirinos			

3/31/2021 4:16:26 PM	Page 1 of 1

SECTION (b)
CHANGE ORDER REQUEST
Blue Ox Enterprises, LLC
2024. - Cypress Park - Offsite Utilities
Page 1

DATE: 2/09/2021
PCO#:    EXTCO02

To:	Rodney Gadd	From:	Pamela Lynch	
	Gadd & Associates		Blue Ox Enterprises, LLC	
	1925 US Highway 98 South, Suite 201		500 North Way	
	Lakeland FL 33801		Sanford FL 32773	
Phone:	863-940-9979	Phone:	407-339-4800	
Fax:		Fax:	407-339-4839	
Email:	rodney@gaddcivil.com	Email:	plynch@blueoxland.com	
CC:	Mark Greif - Blue Ox Enterprises, LLC - Phone: 407-339-4800 - Fax: 407-339-4839			

Below is the detail for our proposal to complete the following changes in contract work:
-	External Change Order: 6" x 6" WET TAP
-

PCO Item	Quantity	UM	Unit Price	Amount	
1 : 6" X 6" WET TAP	1.00	EA	$7,897.34	$7,897.34	
					
2 : FORCEMAIN FITTINGS	1.00	LS	$4,583.45	$4,583.45	

Total Amount	$12,480.79	

Submitted By:	Approved By:				
	
2/09/2021				
Pamela Lynch	Date		Rodney Gadd	Date	
Blue Ox Enterprises, LLC			Gadd & Associates		

SECTION (c)

Cypress Park Estates CDD
6200 Lee Vista Blvd, Suite 300
Orlando FL, 32822
 	Purchase Order	
 	Date		P.ONo.
 	3/31/21	

 	

Description	Amount	

Cypress Park Estates COD
Per Price Quotation #6055747

Conduit Plpe	

$	39,018.00	
Net Total:	$	39,018.00	
Sales Tax	$	2,536.17	
Subtotal:	$	41,554.17	
Tax Exemption:	$	(2,536.17)	
TOTAL:	$	39,018.00	

Fortiline Waterworks
Authorized Agent:	 		Date:	 	

cypress Park Estates Commun	oem ent District
Authorized Agent:	 J.,		rY7 =		Date:

Attachment 3
CERTIFICATE OF ENTITLEMENT

The undersigned authorized representative of Cypress Park Estates Community Development District (hereinafter "Governmental Entity"), Florida Consumer's Certificate of Exemption Number 85-8018187531C-3. affirms that the tangible personal property purchased pursuant to a Purchase  Order  Number_z  from  Fortlllne  Waterworks (Vendor)  on or after	March 19	20...ll. (date) will be incorporated Into or become a part of a public facility    as    part     of     a     public     works    contract  pursuant    to	contract     dated	March 22, 2021	with John M Hall Company			(Contractor)		for	the		construction		of
PVC PIPE

The Governmental Entity affirms that the purchase of the tangible personal property contained in the attached Purchase Order meets the following exemption requirements contained in Section 212.08(6), F.S., and Rule 12A- 1.094, F.A.C.: You must initial each of the fa/lawing requirements.

The attached Purchase Order is issued dlrectly to the vendor supplying the tangible personal property the Contractor will use in the identified public works.
\	112._ 2. The vendor's invoice will be issued directly to Governmental Entity.
-   -	3. Payment of the vendor's Invoice will be made directly by Governmental Entity to the vendor from public
' '..)fs
\JI2 4. Governmental Entity will take title to the tangible personal property from the vendor at the time of
purchase or of delivery by the vendor.
5. Governmental Entity assumes the risk of damage or loss at the time of purchase or delivery by the vendor.

The Governmental Entity affirms that if the tangible personal property identified in the attached Purchase Order does not qualify for the exemption provided in Section 212.08(6), F.S., and Rule 12A-1.094, F.A,C., the Governmental Entity will be subject to the tax, interest, and penalties due on the tangible personal property purchased. If the Florida Department of Revenue determines that the tangible personal property purchased tax­ exempt by issuing this Certificate does not qualify for the exemption, the Governmental Entity will be liable for any tax, penalty, and interest determined to be due.

I understand that if I fraudulently issue this certificate to evade the payment of sales tax I wlll be liable for payment of the sales tax plus a penalty of 200% of the tax and may be subject to conviction of a third-degree felony. Under the penalties of perjury, I declare that I have read the foregoing Certificate of Entitlement and the facts stated in it are true.

.S n a! re of Authorized Representative

Title
District M an ager
of G6 vernmental Entity

Purchaser's Name
Federal Employer Identification Number: 84-3982493 Telephone Number: 407-841-5524

Date

You must attach a copy of the Purchase Order to this Certificate of Entitlement. Do not send to the Florida Department of Revenue. This Certificate of Entitlement must be retained in the vendor's and the contractor's books and records. This form supplements and supersedes (to the extent of any conflict) any prior certificates addressing the same purchase.