,

Verano #2 Community Development District
http://www.Verano2cdd.com

John Csapo, Chairman Robert Fromm, Vice Chairman Scott Morton, Assistant Secretary Wayne Soojan, Assistant Secretary
Michael Caputo, Assistant Secretary

May 21, 2020

Governmental
Management Services

Verano #2
Community Development District

5385 N. Nob Hill Road, Sunrise, Florida 33351 Phone: 954-721-8681 - Fax: 954-721-9202

May 14, 2020

Board of Supervisors Verano #2
Community Development Districts

Dear Board Members:
A communications media technology meeting of the Board of Supervisors of the Verano #2 Community Development District will be held on May 21, 2020 at 10:00 a.m. In accordance with Office of the Governor, Executive Orders authorizing the use of communications media technology, the Board of Supervisors  and members of the public may attend and participate in the meeting utilizing the following call-in information:  from  your computer, tablet or smartphone go to: https://global.gotomeeting.com/join/578441213 or by dialing +1 (312) 757-3121 and Access Code: 578-441-213. Following is the advance agenda:
Roll Call
Organizational Matters
Acceptance of Resignation Letter from Mr. Wayne Soojan - pending receipt
Consideration of Appointment of Supervisor to Unexpired Term of Office (11/2020)
Oath of Office for Newly Appointed Supervisor
Election of Officers
Approval of the Minutes of the January 30, 2020 and March 19, 2020 Meetings
Public Hearing to Impose Special Assessments
Motion to Open the Public Hearing
8. Acceptance of Engineers Report
Acceptance of Assessment Methodology
Public Comment and Discussion
Declaring Special Assessments will pay for the Project
Adoption of Resolution #2020-05 Authorizin.g District Projects; Equalizing, Approving, Confirming, and Levying Special Assessments
Motion to Close the Public Hearing
Consideration of Resolution #2020-06 Approving the Proposed Fiscal Year 2021 Budget and Setting the Public Hearing
Discussion of Procedures for the Landowners Election - November 19, 2020
Staff Reports
Attorney
Engineer
Manager - Number of Registered Voters in the District - 68
Financial Reports
Check Run Summary
Combined Balance Sheet and Income Statement
Supervisors Requests and Audience Comments
Adjournment
Meetings are open to the public and maybe continuedto a time, date and place certain. For more information regarding the CDD please visit the website: http://www.verano2cdd.com

MINUTES OF JOINT MEETING
VERANO CENTER AND
VERANO #2 THROUGH #5 COMMUNITY DEVELOPMENT DISTRICTS
A special joint meeting of the Board of Supervisors of the Verano Center Community Development District and Verano #2 through #5 Community Development Districts was held on January 30, 2020 at 10:30 a.m. at the Verano Social Clubhouse, 10291 S. W. Visconti Way, Port St. Lucie, Florida.

Present and constituting a quorum were:
John Csapo Robert Fromm Scott Morton
Also present were:
Rich Hans Dan Harrell Amy Eason Malcolm Joy Steve Sanford

FIRST ORDER OF BUSINESS SECOND ORDER OF BUSINESS

Chairman
Vice Chairman Assistant Secretary

District Manager District Counsel District Engineer Kolter Homes
Bond Counsel (by phone)

Oath of Office for Mr. Malcolm Joy
Roll Call

Mr. Hans called the meeting to order and called the roll, Mr. Joy indicated he would be declining the Supervisor position.

THIRD  ORDER OF BUSINESS	Approval	of the Minutes of the
October 17, 2019 Meeting
Mr. Hans presented the minutes from the October 17, 2019 meeting, asked for any comments, and upon not hearing any, asked for a motion to approve the minutes.

On MOTION by Mr. Fromm seconded by Mr. Morton with all in favor the Minutes of the October 17, 2019 Meeting were approved.

FOURTH  ORDER OF BUSINESS	Consideration  of Engineers Report
Ms. Eason briefly discussed the engineers report and estimated costs and explained it was a draft report and some minor changes needed to be made to correctly

January 30, 2020	Verano Center & #2-5 COD

On MOTION by Mr. Morton seconded by Mr. Fromm with all in favor engineers report was approved.

reflect the unit numbers and the budgeted costs so there would be 220 units for Pod D, 199 units for Pod E, and 214 unites for Pod C in the report, but nothing substantial that would change the main contents of the report, and asked the Board to approve it.

FIFTH ORDER OF BUSINESS	Consideration	of	Assessment
Methodology Report
Mr. Hans presented the assessment methodology report, explained the changes that had been made to the unit counts and minor updates since the agenda packages had been sent out, briefly went over the tables, and indicated there would be some more slight adjustments prior to finalizing the report, but nothing substantial that would affect the bond sizing or change the main contents of the report.

On MOTION by Mr. Morton seconded by Mr. Csapo with all in favor the assessment methodology report was approved.

SIXTH ORDER OF BUSINESS	Consideration of Resolution #2020-02
Joint Delegating Resolution
Form Bond Purchase Contract
Draft Preliminary Limited Offering Memorandum
Form Continuing Disclosure Agreement
Form Sixth, Seventh, and Eighth Supplemental Trust Indentures
Mr. Sanford briefly discussed Resolution #2020-02 Joint Delegating Resolution, explained it approved the documents listed and set certain parameters that would allow for the issuance of the bonds, and asked for a motion to approve it.
There was a brief discussion on how the process for the annexation and assessment proceedings would move forward.

On MOTION by Mr. Fromm seconded by Mr. Morton with all in favor Resolution #2020-02 Joint Delegating Resolution was approved.

Verano #2 COD
SEVENTH  ORDER OF BUSINESS	Consideration of G-17 Letter with
FMSbonds, Inc. regarding Series 2020 Bonds
Mr. Hans explained the G-17 letter stated that FMSbonds, Inc. wasn't a municipal advisor and that they would serve as underwriter to get the bonds in place.

January 30, 2020	Verano Center & #2-5 CDD

On MOTION by Mr. Morton seconded by Mr. Fromm with all in favor the G-17 letter with FMSbonds, Inc. regarding the Series 2020 Bonds was approved.

EIGHTH  ORDER OF BUSINESS	Consideration	of	Improvement
Acquisition Agreement
Mr. Harrell briefly explained how the improvement acquisition agreement would allow the District to acquire the projects as they are constructed using the proceeds of the bonds, but there were a few changes from the previous version that was circulated and asked the Board to approve it in substantially final form.

On MOTION by Mr. Fromm seconded  by Mr. Morton with  all in favor the improvement acquisition  agreement  was approved in substantially final form.

NINTH ORDER OF BUSINESS

Consideration of Consent to Jurisdiction and Imposition of Lien of Record

On MOTION by Mr. Morton seconded by Mr. Fromm with all in favor the consent to jurisdiction and imposition of lien of record was approved in substantial form.

Mr. Harrell presented the consent to jurisdiction and imposition of lien of record and indicated that the landowners consented to the imposition of assessments in accordance with the methodology to repay the bonds.

TENTH ORDER OF BUSINESS	Consideration	of  Assignment	of
Development Rights
Mr. Harrell explained the assignment of development rights was approved so that if there was a necessity for the District to complete the project and acquire the development rights so that the property had sufficient value to repay the assessments.

On MOTION by Mr. Fromm seconded by Mr. Morton with all in favor the assignment of development rights was approved in substantial form.

Mr. Csapo asked what happened when the improvements were completed and the all of the money had been disbursed.
Mr. Harrell responded it would only arise if there was a necessity for the District to step in to undertake the projects and once the projects were complete, it went away.

January 30, 2020	Verano Center & #2-5 CDD

ELEVENTH ORDER OF BUSINESS	Consideration  of  Joinder  by  KLP
Crosstown in the Agreement to Dedicate and Complete the True­ Up Agreement
Mr. Harrell presented the joinder in the agreement to dedicate and complete the true-up agreement and explained the agreements were recorded when the Series 2015 Bonds were issued except with the addition of the Murphy Act parcel, which wasn't owned at the time and KLP Crosstown needed to join in the true-up agreement and agreement to dedicate and complete.

On MOTION by Mr. Morton seconded by Mr. Fromm with all in favor the joinder by KLP Crosstown in the agreement to dedicate and complete the true-up agreement was approved in substantial form.

(All Districts)
TWELFTH  ORDER OF BUSINESS	Staff Reports
Attorney
There not being ant report, the next item followed.

Engineer
Ms. Eason indicated the St. Lucie Basin Management Action Plan report was available for review on the OEP website as it pertained to the Verano COOs and gave a brief update about it.

Manager
There not being ant report, the next item followed.

THIRTEENTH ORDER OF BUSINESS
Check Run Summary
Verano Center
Verano #2
Verano #3
Verano #4
Verano #5

Financial Reports

On MOTION by Mr. Morton seconded by Mr. Fromm with all in favor the check run summaries were approved.

Mr. Hans presented the check run summaries for each of the COOs, asked for any comments or questions, and upon not hearing any, asked for a motion to approve them.

January 30, 2020	Verano Center & #2-5 CDD

Combined Balance Sheet and Income Statement
Verano Center
Verano #2
Verano #3
Verano #4
Verano #5
Mr. Hans presented the combined balance sheets and income statements for each of the CDDs, asked for any comments or questions, and upon not hearing any, asked for a motion to approve them.

On MOTION by Mr. Morton seconded by Mr. Fromm with all in favor the combined balance sheets and income statements were approved.

FOURTEENTH  ORDER OF BUSINESS	Supervisors	Requests	and
Audience Comments
There not being any, the next item followed.

FIFTEENTH  ORDER OF BUSINESS	Adjournment
Mr. Hans asked if there was any further District business to discuss, and upon not hearing any asked for a motion to adjourn the meeting.

On MOTION by Mr. Csapo seconded by Mr. Fromm with all in favor the meeting was adjourned.

Secretary I Assistant Secretary	Chairman / Vice Chairman

MINUTES OF MEETING VERANO #2
COMMUNITY DEVELOPMENT DISTRICT
The regular meeting of the Board of Supervisors of the Verano #2 Community Development District was held on March 19, 2020 at 10:00 a.m. at the Verano Social Clubhouse, 10291 S. W. Visconti Way, Port St. Lucie, Florida.

Present and constituting a quorum were:
John Csapo Robert Fromm Scott Morton Michael Caputo
Also present were: Rich Hans
Patryk Tokarski
Dan Harrell

FIRST ORDER OF BUSINESS

Chairman
Vice Chairman Assistant Secretary Assistant Secretary

District Manager
Governmental Management Services District Counsel

Roll Call

Mr. Hans called the meeting to order and called the roll.

SECOND  ORDER OF BUSINESS	Organizational Matters
Consideration of Appointment of Supervisor to Unexpired Term of Office (11/2022)
Mr. Hans indicated there was a vacant seat and asked if the Board wanted to appoint anyone.

On MOTION by Mr. Csapo seconded by Mr. Morton with all in favor Mr. Michael Caputo was appointed to fill the vacant seat.

Oath of Office for Newly Appointed  Supervisor
Mr. Hans, being a Notary Public of the State of Florida administered the oath of office to Mr. Caputo, and briefly went over the documents provided in the new Board member packet. The signed oath will become part of the public record.

Election of Officers
Mr. Hans explained that whenever there were changes to the Board of Supervisors they needed to reestablish the slate of officers. They could keep the same slate and add Mr. Caputo as an Assistant Secretary or make any additional changes at this time.

March 19, 2020	Verano #2 CDD

On MOTION by Mr. Csapo seconded by Mr. Morton with all in favor the Board retained the same slate of officers and Mr. Michael Caputo was appointed as an Assistant Secretary.

THIRD  ORDER OF BUSINESS	Discussion   of   Financing  Matters
for Murphy Parcel
Consideration of Master Engineers Report for Public  Infrastructure Serving Verano CDDs
Consideration of Master Assessment Methodology for Public
Infrastructure for Verano CDDs
Consideration of Preliminary Assessment Roll
Mr. Hans explained that the Murphy parcel had been annexed into the District and they needed to start the special assessment process, and since the engineers report and assessment methodology had previously been presented and approved, they didn't need to be approved again, and presented the preliminary assessment roll for the annexed parcel of approximately 2.8 acres planned for nine single-family units.

On MOTION by Mr. Fromm seconded by Mr. Morton with all in favor the preliminary assessment roll was approved.

Consideration of Resolution #2020-03 Declaring Special Assessments
Mr. Hans presented Resolution #2020-03 Declaring Special Assessments and asked for a motion to approve it to start the special assessment process for the annexed parcel.

On MOTION by Mr. Fromm seconded by Mr. Morton with all in favor Resolution #2020-03 Declaring Special Assessments was approved.

Consideration of Resolution #2020-04 Calling for a Public Hearing to Impose Special Assessments

On MOTION by Mr. Fromm seconded by Mr. Morton with all in favor Resolution #2020-04 Calling for a Public Hearing to Impose Special Assessments was approved; and the public hearing was scheduled to be held on May 21, 2020 at 10:00
a.m. at the Verano Social Clubhouse, 10291 S. W. Visconti Way, Port St. Lucie, Florida.

Mr. Hans presented Resolution #2020-04 Calling for a Public Hearing to Impose Special Assessments, explained it set the public hearing, and indicated that due to advertising requirements the next available meeting date would be the May 21st meeting.

March 19, 2020	Verano #2 COD

FOURTH ORDER OF BUSINESS	Acceptance of Audit for Fiscal Year
Ending September 30, 2019
Mr. Hans presented the audit for fiscal year ending September  30, 2019, indicated it was a clean audit, and asked for a motion to accept it into the District's records.

On MOTION by Mr. Morton seconded by Mr. Fromm with all in favor the audit for fiscal year ending September 30, 2019 was accepted.

FIFTH ORDER OF BUSINESS	Staff Reports
Attorney
There not being any report, the next item followed.

Engineer
There not being any report, the next item followed.

Manager
There not being any report, the next item followed.

SIXTH  ORDER OF BUSINESS	Financial Reports
Check Run Summary
Combined Balance Sheet and Income Statement
Mr. Hans presented the check run summary and the combined balance sheet and income statement, asked for any comments or questions, and upon not hearing any, asked for a motion to approve them.

On MOTION by Mr. Morton seconded by Mr. Fromm with all in favor the check run summary and the combined balance sheet and income statement were approved.

SEVENTH  ORDER OF BUSINESS	Supervisors	Requests
Audience Comments
There not being any, the next item followed.

and

EIGHTH  ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Morton seconded by Mr. Caputo with all
in favor the meeting was adjourned.

Mr. Hans asked if there was any further District business to discuss, and upon not hearing any asked for a motion to adjourn the meeting.

Secretary/ Assistant Secretary	Chairman / Vice Chairman

MASTER ENGINEER'S REPORT

FOR THE

PUBLIC INFRASTRUCTURE SERVING THE
VERANO
COMMUNITY DEVELOPMENT DISTRICTS

Prepared for:
The •Boards of Supervisors of Verano Community Development Districts

Prepared by Engineer:

AECOM
850 NW Federal Highway Stuart, Florida 34994

November 17, 2005
(Revised  March 6, 2006)
(Revised  March 5, 2015)

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TABLE OF CONTENTS
I.	Introduction........-............................, 	1
Description of Verano
Community Development Districts	1
Authorization	4 ·
C.	Purpose and Scope ................-........................................................., 	4
Districts'  Boundary and Properties Served	8
Property Boundary	8
Description of Property Served ........................,	8
Existing Infrastructure	8
Government Actions	10
Development of Regional Impact Approval.	10
Verano Community Development  Districts Approvals ...........,	10
C.	Permit Approvals .............................................................-	11
Proposed Districts' Infrastructure	14
A.	Infrastructure Benefit .......................,	14
B.	Summary of the Proposed Districts' Infrastructure	15
C.	Roadways...................................:···	16
Surface Water Management System	16
Wetland Preservation & Upland Buffer	17
F.	Utilities ..............................,	17
G.	Landscape and Other ...,.............................,......,	19
Land Acquisition	19
Professional Services, Permitting, and Miscellaneous Costs	19
Opinion of Probable Construction Costs	19
Ownership and Maintenance Authority	23
VII.	Report Modification..................................................................,	24
VIII.	Engineer's Ceiiification	24

Engineer's Report - November 17, 2005

AE'COM

LIST OF FIGURES

Figure 1.
Figure 2.
Figure 3.
Figure 4.

Location Map...............................................................,.............,.•.	1
Community Development District Boundaries	6
Preliminary Phasing Plan	?-
,	2006 Community Project Area ......................................................, 	9

LIST OF TABLES

Table 1.A Table l.B Table 2 Table 3.A
Table 3.B Table 3.C Table 3.D Table 3.E Table 3.F Table 3.G Table 3.H Table 4

Land Use Summary by CDD ...........................................,..,....'	2
Land Use SummarybyPhase..:	4
Permit Status ................,.,.....,	f2
Public Infrastructure
Costs by CDD (2014 Dollars, No Inflation)	21
,	Public Infrastructure Costs by CDD (With Inflation)	21
Offsite Public Infrastructure Costs by Phase (With Inflation)...............;, 22
CDD #1 Public Infrastructure Costs by Phase (With Inflation) .....;	22
CDD #2 Public Infrastructure Costs by Phase (With Inflation) ....:..., 	22
CDD #3 Public Infrastructure Costs by Phase (With Inflation)	22
CDD #4 Public Infrastructure Costs by Phase (With Inflation)	23
CDD #5 Public Infrastructure Costs by  Phase (With Inflation)	23 ,
Expected Ownership & Maintenance	23

APPENDICES

Appendix A	Sketch and Legal Description of the Verano Community Development Districts' Boundaries
Appendix B	DRI Development Order

Engineer's Report- November 17, 2005

ii	MCOM

Verano Community Development Districts Master Engineer's Report

Introduction

Description of Verano Community Development Districts

The Verano Community Development Districts (Districts) are a combination of six separate community development districts (Center CDD, CDD #1, CDD #2, COD, #3, CDD #4 and CDD #5) occupying approximately 3,061.84 acres of land located entirely within the City of Port St. Lucie, St. Lucie County, Florida and lying in portions of Sections 28, 29, 31, 32, 33, 34 and 35, Township 36 South,
Range 39 East and Sections 3, 4, 5 and 6, Township 37 South, Range 39 East. In addition, the Districts are located within an approved Development of Regional Impact (DRI) encompassing all of the lands within the Districts.. Access to the Districts is provided by Interstate 95 (via Crosstown Parkway) to the west and the future expansion of Crosstown Parkway to the west. A Location Map is presented below as Figure 1.

;
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Figure 1 Location Map

Engineer's Report - November 17, 2005	1
Revised March 6, 2006

COM

As shown in Figure 2, entitled Community Development District Boundaries, on Page 6 of this report, the Center CDD is located to the northeast of the  South Florida Water Management District (SFWMD) Canal C-24 and west of Interstate
95. CDD #1 lies to the northwest of the Center CDD and also lies northeast of the C-24 Canal. The remaining CDDs (CDD #2, CDD #3, CDD #4, and CDD #5) all  lie southwest of the c 24 Canal and southeast of Glades Cut-Off  Road.  Sketches and metes and bounds legal descriptions  of each CDD  are provided  in Appendix A.

Within the boundaries of the Districts' proposed development includes areas planned for approximately 7,200 single-family, villa, and multifamily dwelling units; 300 vehicle space recreational vehicle park; 50 assisted living units; a 300 room hotel; 848,500 square feet of retail/service; 100,000 square feet office; 36 holes of championship golf course with 100,000 square feet of clubhouse facilities and amenities; and a 48 acre dedicated school site. A land use summary for the property located within the individual District boundaries (collectively, the "Development") is presented in Table 1.A.

Table 1.A
Land Use Summary by CDD

Category	Center CDD	
CDD#l	
CDD#2	
CDD#3	
CDD#4	
CDD#S	
Total	
Acres	97.55	393.17	881.64	420.55	729.93	539.00	3,061.84	
Single Family Units	0	1,0lb	1,500	1,100	1,750	400	5,760	
Multi-Family Units	0	0	500	690	0	250	1(440	
Retail/Office
(SF)	85,000	0	500,000	225,000	138,500	0	948,500	
Golf Course
Links	0	0	18	0	18	0	36	
Clubhouses
(SF)	0	30,000	20,000	20,000	20,000	10,000	100,000	
Hotel Rooms	0	0	300	0	0	0	300	
Recreational Vehicle Park (SF)	0	0	300	0	0	0	300	
Assisted Living Units	0	0	0	50	0	0	50	
Public Schools (acres)	0	0	0	0	0	48	48	

The Districts will construct, operate and maintain various on-site infrastructure to support the proposed development. Infrastructure construct d by the Districts (i.e. water & sewer utilities and some roads) and located off-site, together with portions of the on-site infrastructure, will be dedicated to the City of Port St. Lucie or St. Lucie County for operation and maintenance. A proposed school site located near the southeast comer of CDD #5 will be dedicated to the St. Lucie

Engineer's Report - November 17, 2005	2
Revised March 6, 2006

£COM

County School Board. These areas have not been removed from the total acreage numbers referenced herein.

For the purposes of this report, the term "Public Infrastructure" will be used to include all public improvements within and outside the boundaries of the District. It is understood that offsite public infrastructure are types of improvements listed in the conditions of approval in the DRI development order.

With the exception of the Center CDD, each of the individual CDDs (or an identified CDD on behalf of another CDD) will also construct "Public Infrastructure" for the benefit of the landowners within the Districts. Only those improvements that are determined to be eligible for tax-exempt financing will be financed by the Districts.

Construction of the Public Infrastructure began in 2005 and is expected to last through 2030. The Public Infrastructure will be constructed in four phases as described below in Table l.B. The timeline may be lengthened or shortened and the number of phases may be modified based on actual sales; economic conditions and future development trends in the area. A Preliminary Phasing Plan is presented as Figure 3 on Page 7 of this Report.

As generally depicted, Phase 1 consists of offsite roadway and utility work and construction of certain Public Infrastructure within CDD #1. Phase 2 consists of construction of Public Infrastructure within CDD #2 and the southeasterly portion of CDD #3. Phase 3 consists of the balance of construction of Public Infrastructure within CDD #3 and all of CDD #4. Finally, Phase 4 consists of construction of Public Infrastructure within CDD #5. Construction within the Center CDD is considered as a part of Phase land is completed.

(THIS SPACE LEFT INTENTIONALLY BLANK)

Engineer's Report- November 17, 2005	3
Revised March 6, 2006

AE'COM

Table 1.B
Land Use Summary by Phase

Catee-orv	Phase 1	Phase 2	Phase 3	Phase 4	Total	
Years per Phase	2005-2017	2017-2020	2020-2025	2025-2030		
Acres	490.72	988.60	1,043.52	539.00	3,061.84	
Single Family Units	1,010	2,060	1,260	1,430	5,760	
Multi-Family Units	0	500	690	250	1,400	
Retail/Office (SF)	150,000	293,500	205,000	300,000	948,500	
Golf Course
Links	0	18	18	0	36	
Clubhouses (SF)	60,000	40,000	0	0	100,000	
Hotel Rooms	0	300	.0	0	300	
Gatehouses (SF)	2,200	1,800	2,000	2,000	6,000	
Recreational
Vehicle Park (spaces)	
0	
150	
150	
0	
300	
Assisted Living
Units	0	0	0	50	50	
Public School (acres)	0	48	0	0	48	
* Calculated as 20% ofCDD 3 as Phase 2 and 80% as Phase 3

Authorization

AECOM, hereinafter referred to as "Engineer," prepared this Master Engineer's Report as revised at the times noted on the cover page (the "Report") for the Public Infrastructure Serving the Verano Community Development Districts pursuant to the authorization of the respective Boards of Supervisors of the Verano Community Development Districts.

Purpose and Scope

The purpose of this Report is to present the nature, extent, estimated cost, and benefits associated with implementing the Public Infrastructure needed to serve development within that portion of the Districts not served by the Modified 2006 Community Infrastructure Project described in Section II.C of this Report. Also, this Report presents a narrative description of the inajor components included with the Public Infrastructure system. The :financing of the Public Infrastructure is expected to be in the form of one or more series of special assessment bonds to be issued by the Districts. The Public Infrastructure financing may be implemented by any of the CDDs, and if a CDD is issuing special assessment bonds to finance Public Infrastructure for one or more other Districts, they may issue through one or more interlocal agreements with each of the other affected CDDs.

Engineer's Report- November 17, 2005	4
Revised March 6, 2006

AS'COM

This Report generally describes the estimated costs and benefits associated with implementing the improvements constituting Public Infrastructure. Offsite and Onsite Community Infrastructure). This Report is not intended to be used for exact representation or for construction purposes since separate, detailed construction plans and specifications either have been or will be prepared for the improvements described herein.

The intent of this Report is to provide an estimated cost of planning, constructing, and permitting of the proposed Public Infrastructure for the Districts. The Engineer has conside;red and, in certain instances, relied upon opinions, information, and documentation prepared or supplied by others, which may have included public officials, public entities, Verano Development LLC and its successors and assigns (hereinafter referred to as the "Developer"), engineering professionals, general contractors, and surveyors.

(THIS SPACE LEFT INTENTIONALLY BLANK)

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Community Development District Boundaries

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Figure 3 Preliminary Phasing Plan

Districts' Boundary and Properties Served

Property Boundary

Sketches and legal descriptions that delineate the boundaries of the Districts are contained in Appendix A. The Districts.are located in the City of Port St. Lucie, St. Lucie County, Florida approximately 1.25 miles south of the Interstate 95/St. Lucie West interchange. The Districts are also located within the DRI, which is a planned mixed-use community. The Districts are bounded on the northwest by the Florida East Coast Railroad, beyond which lies Glades Cut-Off Road and then agricultural uses; on the northeast by PGA Reserve (a Development of Regional Impact), Village Parkway and Interstate 95; on the south by the Tradition DRVCDD·  and  agricultural  land uses  as  well  as  the  Peacock  Canal,  and·on the west by agricultural land uses. The SFWMD C-24 Canal right-of-way bisects the DRI and separates the Center CDD and CDD #1 from the remaining Districts. Two bridge crossings over SFWMD Canal C-24 ate proposed with this project.

Description of Property Served

The Districts are located in portions of Sections 28, 29, 31, 32, 33, 34 and 35,

Township 36 South, Range 39 East and Sections 3, 4, 5 and 6, Township 37 South, Range 39 East, within the City of Port St. Lucie, St. Lucie County, Florida. Previous and existing activities on site are primarily related to citrus cnltivation, with  some pasture  and  a few wetlands.	It has been utilized for agricultural pursuits for 40 to 50 years. In the interim, the agricultural uses will continue to operate on the project as the land is developed according to the Preliminary . Phasing Plan depicted on Figure 3 of this·Report.

Existing Infrastructure

in

In 2006, the _Center District issued two bonds to finance the acquisition and construction of initial Public Infrastructure within the Center CDD and CDD #1 called  the  Modified  2006  Community  Infrastructure  Project.	This project consisted of providing Public Infrastructure to serve development within the Center District and 556 residential units and amenities, respectively, located CDD #1. Figure 4 shows the boundaries of the Modified 2006 Community Infrastructure project, which is described in detail in the Final Odginal Project Engineer's Report (the "2006 Project Final Report").

To some extent, the water, sewer, and roadway infrastructure resulting from the Modified 2006 Community Infrastructure Project will be utilized by development within all of the Districts but for all purposes of this Report will be considered completed and not be part of any cost estimates. The other Public Infrastructure needed to serve the Districts, as described in this Report, will be extended from

Engineer's  Report- November 1-7, 2005	8

COM

 	

existing or proposed infrastructure along· Glades Cut-Off Road and Village Parkway to the north and proposed infrastructure from the Tradition DRI/CDD and the City of Port St. Lucie to the south. The existing and proposed offsite Public Infrastructure is owned, or will be owned by the City of Port St. Lucie or St. Lucie County.

In addition to the Public Infrastructure described in this Report, there are wells and surface water pumps within the District's boundaries that were designed to provide. drainage and irrigation for the ongoing (pre-deveiopment) agricultural uses on these properties as well as a portion of the adjoining property. A 136-acre above ground water impoundment area is also located along the southern property line. Several South Florida Water Management District Envirpnmental Resource Permits (56-00407-S, 56-0034-S, 56-00393-S, 56-00562-S, 56-00561-S, 56-
00428-S and 56-00560-S) have been issued for the surface water systems serving the on and off-site agricultural operations. These pre-existing, pre-development facilities and permits will be modified as required to accommodate the proposed residential and non-residential uses within the Development, as described in this Report.

Figure4
2006 Community Project Area

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2006.
COJM1v11JNITY
PROJECT\

Gtyo{Potf:
StLt1de

HI.	Government Actions

Development of Regional Impact Approval

The Districts were approved by the City  of  Port  St.  Lucie  under  the  name Montage Reserve Development of Regional  Impact  (DRI).  On October  6,  2003, the City of Port St. Luci.e's Plam1ing and Zoning Board reviewed an application  .  for the DRI submitted by the Developer, Reserve  Homes,  Ltd.,  L.P.  On  October 27, 2003, the City Council adopted the DRI development order with Resolution 03-R68.

An amendment to the DRI was approved by the City to resolve some concerns by the Treasure Cost Regional Planning Council This amendment to the development order was approved by the City Council on December 15, 2003 by Resolution 03-R96. Since that amendment, the q.evelopment order has been revised several times and the development is operating under the most recent amendment adopted October 22, 2012 under Resolution 12-Rl02. According to the development order, the build-out date for the DRI is December 31, 2030.

The proposed development approved for the DRI includes: 7,200 dwelling units; 300 vehicle space recreational vehicle park; 50 assisted living units; 848,500 sq. ft. retail/service; 100,000 sq. ft. office; 300 hotel rooms; up to 2 golf courses with 100,000 sq. ft. of ancillmy golf-related facilities such as a clubhouse, dining, pro shop, cart storage and maintenance facility; and to dedicate a 48 acre public school site. A conversion matrix is also provided in the Resolution 12-Rl02 that allows tradeoffs between single-family, multi-family hotel and retail/office land uses. All internal development within the DRI needs to be included in an application for Planned Unit Development zoning.

Resolution 12-Rl 02 contains several conditions of approval requiring internal and external improvements or land dedications during certain periods  of development. A copy of Resolution 12-R102 is contained in Appendix B.  A  biennial  status teport for the preceding year is required to be submitted to the Department of Community Affairs, Treasure Coast Regional Planning Council  and the  City or Port St. Lucie on July 31, 2005 until build out in the year 2030.

Verano Community Development Districts Approvals

The Districts were established by the City of Port St. Lucie Ordinance Nos. 05-17 through 05-22. These ordinances were enacted on April 25, 2005. The Districts were established in accordance with Florida State statutes (Ch 190) and were formed in order to plan, finance, construct, acquire, operate and maintain public infrastructure for the benefit of the Districts' landowners. The Districts have the authority to borrow money and issue bonds for the p1trpose of constructing and

acqu1m1g the improvements. The Districts have the authority to impose assessments, rates, and charges to pay for the construction, acquisition, and continued operation and maintenance of the improvements.

Permit Approvals

Federal, State and local permits and site and construction plan approvals are required prior to the construction of site in:frastructqre. SFWMD conceptual environmental resource permits for the design of the water management system serving the entire DRI project (i.e. Districts) have been obtained, one each for the lands north and south of the SFWMD C-24 canal. A U.S. Army Corps of Engineers' Dredge and Fill Permit has been issued for the entire DRI project. These permits document the preservation of onsite wetlands and wetland buffers and offsite wetland mitigation requirements for the project. Additionally, SFWMD Permit No. 56-00674-S has been issued for initial development of within CDD #1.

In the interim, ongoing agricultural activities within the boundaries of the Districts are subject to the existing SFWMD Surface Water Management and Consumptive Water Use Permits (CUPs) regulating drainage and irrigation activities of the existing agricultural land uses.

Development within each phase of the Districts will be subjected to the DRI Development Order and the existing permits unless these permits are modified and/or closed out. Detailed design documents and permits are required to" construct the Public Infrastructure necessary for each component of the subsequent development phases and in support of the long-term residential use. Please see the following table (Table 2) for a detailed description of the pe::rniit status for the current and future phases of development.

(THIS SPACE LEFT INTENTIONALLY BLANK)

Table2
Verano Community Development Districts Permit Status
Agency	Permit	Permit No./[Applicatio111 No.]	CDD	Approval Date	Expected Approval Date	
Army Corp. of Engineers (ACOE)	Dredge and Fill Permit	SAJ-1994-820(IP-TKW)	CDD#l-5 &
Center	March 18, 2005	--	
SFWMD	Conceptual Environmental
Resources	56-01648-P
56-01648-P(Mod)	CDD#2-5
CDD#2-5	September 8, 2004
April 9, 2012	--	
SFWMD	Environmental Resources		CDD#2-5		2016	
SFWMD	Environmental Resources (Construction & Operation)	56-00674-S
56-00674-S
56-00674-S	CDD #I-Phase I
CDD #I-Phase II CDD #I-Phase III	March 9, 2005
Dec. 15, 2005
May2,2006	--
--
--	
SFWMD	Water Use (Irrigation)	[050818-17]/56-02267-W

[110509-6]/56-02267-W	CDD #I-Phase I CDD #I-Phase II
CDD #I-Phase IlI CDD#l	January 11, 2006
January 11, 2006
May 10, 2006
Sept. 6, 201l	--
--
--
--	
SFWMD	Water Use	[040622-11]/56-00428-W
[100831-31]/56-00428-W	CDD #2-5-Ag Ops.
CDD #2-5-Ag Ops.	Feb. 8, 2006 .
Oct: 12, 2010	--
--	
SFWMD	Water Use	--	CDD#2-5	--	2016	
SFWMD	Dewatering Permit	56-02116-W
56-03301-W	CDD#l
CDD#l	January 11, 2006
Sept. 16, 2013	--
--	
SFWMD	Dewatering Permit	--	CDD#2-5	--	2008	
SFWMD	R/W Crossing (Force Main)	12652	CDD #1 & Center	July 5, 2005	--	
SFWMD	R/W Crossing (Water Main)	12653	CDD #1 & Center	July 5, 2005	--	
FDEP	Water Distnbution System	0081064-212-DSGP
--
--	CDD #1-Phase I
CDD #I-Phase II CDD #I-Phase III	May 16, 2005
--
--	--
April 2006. July2007	
FDEP	Wastewater Collection System	0042513-094-DWC
--
--	CDD #1-Phase I
CDD #I-Phase II CDD #I-Phase III	May 12, 2005
--
--	--    May2006
July 2007	
FDEP	Offsite Water Distribution System	--	CDD#2-5		2008	
FDEP	Offsite Wastewater Collection Sy.	--	CDD#2-5		2008	

Engineer's Report- November 17, 2005
Revised March 6, 2006
Revised March 5, 2015

AECOM

 	

City ofPSL	Development of Regional Impact	Resolution 03-R96	CDD#l-5&
Center	Dec. 15, 2003	--	
City ofPSL	Development of Regional Impact	Resolution 12-RI02	CDD#I-5&
Center	Oct. 22, 2012	--	
CityofPSL	Planned Unit of Development	Ordinance 04-121	CDD#l	.November 8, 2004	--	
CityofPSL	Planned Unit of Development	--	CDD#l-5	--	2008	
CityofPSL	Engineering	P04-488 P04-085 P0S-396	CDD #1-Phase I
CDD #I-Phase II CDD#I-PhaseTII	June 24, 2005
-
--	--
Sept. 2006 July2007	
CityofPSL	Site Clearing	05-197-96
05-567-55
--	CDD #I-Phase I
CDD #I-Phase II CDD #1-Phase III	April 4, 2005
Dec. 16, 2005
--	-
--
July 2007	
St. Lucie County	Right..cof-Way Use Permit	05-693	Glades Cut Off and C-24Canal	July 8, 2005	--	
FDEP	NPDES Permit	FLR10Z580 FLRIOBD97
FLR10BK35	CDD #I-Phase I
CDD #I-Phase II CDD #I-Phase III	March 3, 2005
August 7, 2005
Sept. 14, 2005	--
--
--	
FDEP	NPDESPermit	--	CDD#2-5		2008	
FL Fish and Wildlife Consv.	Tortoise Relocation Permit	WR05327	CDD#l, All Phases	July 28, 2005	--	
Florida East Coast
Railroad	Railroad Utility Line Crossing	Blanket File K 4-9-0	CDD#l-5 &
Center	July 15, 2005	-.-	
Florida East Coast Railroad	Railroad crossing, signal and utility line crossing	--	CDD#2-5	--	2018	
SFW:MD	Water Use Permit	56-02067-W	Village Parkway-
North	October 8, 2004	--	
SFWMD	Dewatering Permit	56-02073-W	Village Parkway- North	October 8, 2004	--	
SFWMD	Operational Gates	[051014-23]56-00674	CDD #1-All Phases	April 12, 2006	--	

Engineer's Report - November 17, 2005
Revised March 6, 2006
Revised March 5, 2015

A=COM

It is our opinion that there are no technical reasons existing at this time which would prohibit the implementation of the plans for the Development as presented herein, and that all permit not heretofore issued and which are necessary to effect the improvements described herein will be obtained during the ordinary course of development.

Proposed Districts' Infrastructure

Infrastructure Benefit

The Districts will fund, maintain and operate two types of public infrastructure improvements. These proposed infrastructure improvements include:

Project wide public benefits
Incidental public benefits

The project-wide public benefits are provided by infrastructure improvements that serve all residents in the Districts. These Public Infrastructure improvements include potable water and sanitary sewer system improvements, public roadway, drainage and wetland mitigation and _other general public purpose improvement requirements to serve the Districts or a specific CDD as applicable.

Incidental public benefits include those benefits received by the general public who do not necessarily reside within the Districts. These benefits occur for two reasons in the case of the Districts. First, the general public will be using some of the external improvements provided by the Districts. Second, the proposed infrastructure improvements are required under the DRI development order or agreement, which includes not only the Public Infrastructure serving the Distdcts, but also additional facilities outside the boundaries of the Districts.

The proposed infrastructure improvements identified in this Report are intended to provide specific benefit to the assessable real property within the boundaries of the Districts. As the property is currently undeveloped, the construction and maintenance of the proposed infrastructure improvements are necessary and will benefit the property for its intended use as a· mixed use development including both residential and non-residential uses. As noted, the Districts can construct, acquire, own, and operate any or the entire proposed Public Infrastructure. The Developer will construct the infrastrncture not financed by the Districts.

Summary of the Proposed Districts' Infrastructure

Since part of the infrastructure has been constructed, this report represents the new capital improvement program (the "New CIP") which consists of Public Infrastructure to be constructed in that portion of CDD #1 outside the 2006 Community Project Area (as described in the 2006 Final Project Report) and CDD's 2 through 5.

With the enactment of Ordinance Nos. 05-17 through 05-22, as amended, thereby granting the petitions to form the Districts, the City of Port St. Lucie authorized the Districts, through their Boards of Supervisors, to manage and finance basic infrastrncture for the benefit of the landowners and residents of the DRI that lie within the boundaries of the Districts. This infrastructure, under Section 190.012(1) of the Florida Statutes, includes basic urban systems, facilities, and services. In accordance with the enabling legislation, the Districts will fund certain Public Infrastructure improvements (constrnction and/or acquisition of) for the landowners and residents of the Districts including, but not limited to, the following:

e Roadways
"' Vvater Management System
e	Wetland Preservation/Open Space
Utilities
e	Landscape and Other
e	Land Acquisition·
0	Professional Services and Permitting for the above items

Additional special powers to operate parks and facilities for indoor and outdoor recreational, cultural and educational uses, as well as security, including, but not linuted to, manned guard houses, fences and gates, electronic intrusion-detection systems and patrol cars was awarded to the Districts by the City of Port St. Lucie upon the enactment of Ordinances Nos. 05-17 through 05-22. With this authorization and in accordance with Section 190.012(2) of the Florida Statutes, the Districts have the authority to operate these uses. However, the New CIP does not include those uses.

In addition, the Developer will also be constructing improvements as part of the Development, which are not part of the Public Infrastructure, will not be financed by the Districts, and are not the subject of this Report. These items are as follow :

"'	Amenities - Golf Courses, Pools, Tennis Courts, Clubhouses, etc.
*	Private Roadways
®	Fountains and Hardscape
®	Security (including guard houses)
e	Improvements to private development parcels/lots/tracts

The Public Infrastructure described in this Report represents the present intentions of the Developer and the Districts. The implementation of the improvements discussed in this Report requires the final approval by many local, State and Federal regulatory and permitting agencies.

The  actual  improvement  may  vary  from  the  improvements  proposed  in thls
 	Report.   Cost estimates contained in. this Report have been prepared based upon

the best available information at this time. The actual cost of construction, final engineering design, planning, approvals and permitting may vary from the cost estimates presented,	·

Roadways

Main vehicular access to the Districts will be provided through the use of access points on Commerce Center Drive, access points on the Crosstown Parkway, and a potential access point on Glades Cut-Off Road, which requires a railroad crossing. Additional rof:).dways through the Districts are also included, as well as pedestrian walkways and bike lanes.

The roadways will serve the various land uses within the Districts and will connect to the public roadway systems already financed by the Center District. The roadways will be constructed within platted rights-of-way. It is estimated that ± 13.3 miles of roadways will be constructed within the Districts. Construction of all roadways will consist of compacted subgrade, limerock base, asphaltic concrete surface course and/or brick pavers, concrete curb and gutter, pavement markings, roadway signage, sidewalks, and bridges. The roadways will also include thematic signs for development identification, streetscape, and roadway lighting. All improvements will be designed and constructed in accordance with the minimum technical standards pursuant to the City of Port St. Lucie or St. Lucie County Land Development Regulations.

Surface Water Management System

The surface water management system for the Districts will consist of lake excavation, drainage inlets, culverts, storm drain pipes, swales, berms, mass grading of development areas, and water control structures necessary to capture and convey runoff from the site to the onsite lakes, The lakes will be interconnected and provide the necessary water quality treatment and stormwater attenuation required by the City of Port St. Lucie and the SFWMD prior to discharging offsite via the SFWMD C-24 Canal.

Stormwater management lakes within the Districts will be excavated and the material will be used for fill for roadway right-of-way to raise the elevations of these areas such that they meet applicable permit requirements. The current design provides a surplus of fill material, which will be transported off-site at the cost of the Developer. Other fill for improvements not included in Public Infrastructure will also be required to be transported from the lakes to the selected areas at the cost of the Developer.

The surfa,ce water management system will be designed in accordance with the City of Port St. Lucie and the South Florida Water Management District standards. These regulations set minimum criteria for water quality treatment of runoff and flood protection of floors to the 100-year, 3-day rainfall event. The

stormwater detention lakes will be designed to attenuate 25-year, 3-day rainfall event. Water  quality treatment  will  be provided in  the onsite  lakes.  In addition, all commercial areas will be required to provide, at the expense of the individual landowner, an additional 0.5-inch of dry pretreatment for water quality. Ditch and swale slopes shall be designed to minimize discharges so that these facilities may provide some additional water quality treatment prior to discharge.  Treatment swales shall be planted with grass.

A sediment and erosion control plan will be prepared and implemented during construction. Best Management Practices outlined in Florida Department of Environmental Protection Land Development Manual will be used. Examples of these include slope and outfall protection such as hay bales, staked silt fences, floating turbidity barriers, water quality monitoring, onsite storage of dewatering effluent; stabilized construction entrances, among others. A National Pollutant Discharge Elimination System (NPDES) permit will be required for the construction activities, which will include preparation of a Storm Water Pollution Prevention Plan.

Wetland Preservation & Upland Buffers

Approximately 241 acres of upland buffer are proposed along the northwest boundary line, adjacent to the FEC Railroad. Other mitigation for wetlands will take place at an off-site mitigation bank. Any required off-site mitigation will be funded by the Developer.

The permits issued by the Federal and State environmental agencies specify a wetland mitigation plan that must be successfully completed by the Developer. Elements of said plan must be completed plior to certification of water management system. The mitigation plan includes planting and restoration activities in addition to the removal of exotic vegetation.

Utilities

The Districts are located within the City of Port St. Lucie Utilities Systems Department water and sewer area, which will provide water; wastewater and reuse water services to the community. According to the DRI development order, the preferred source of irrigation water for this site is reuse water and a distribution system. These facilities are required to be constmcted, therefore cost of extending Irrigation Quality (IQ) reuse facilities are included in the report. There are no restrictions in the Development Order to use other waters as sources of irrigation if reuse watet is not available. However, these sources are requited to meet permit criteria of the South Florida Water Management District.

The Developer has received approval from the City of Port St. Lucie to construct water and wastewater utility improvements within CDD #1. Potable water for the community will be provided by three proposed connections to the City of Port St.

 	

Lucie Utilities Systems Department's water treatment system. One connection point is at the existing south side of the development along Crosstown Parkway. The second connection point is at the City's proposed water treatment plant located approximately 3.5-miles north of the site along Glades Cut-Off Road. A 36-inch water main was constructed along Glades Cut-Off Road entering the project within CDD #1 with a 24-inch connection. The 36-inch water main will continue southwest along Glades Cut-Off Road to the intersection with an existing FP&L transmission corridor (running north-south along the east edge of CDD #5) where it will continue to a third connection point with a propose;d 24- inch connection to the remaining Districts on the Crosstown Parkway and a tie into Tradition.

The City's water treatment plant upsized the water lines to serve additional off­ site development. In this case, the Districts are only funding their pro-rata share of the cost of the service connection relating to use required by the Development. The water main will be constructed within platted right-of-ways and/or utility easements granted in favor of the City. Upon completion these improvements will be conveyed to and maintained by the City of Port St. Lucie Utilities Systems Department following an inspection, certification and warranty process. The potable water facilities will include both transmission and distribution lines along with necessary valves, fire hydrants, water services and facilities such as backflow preventers and air release valves.

The wastewater facilities will include gravity sanitary sewer collection mains with indivi.dual lot sewer services, sewage transmission system pumping stations and sewage force mains to connect to the City's wastewater treatment facility located approximately 2 miles northeast of the site along Glades Cut-Off Road. A 24- inch diameter force main was constructed for this connection, with the possibility of a second force main with a 48-inch diameter also being constructed.

The City's wastewater treatment plant was upsized to serve additional off-site development. In this case, the Districts would only fund the pro-rata share of the costs of the service connection relating to use required by the Development. The sewage force main, gravity sanitary sewer, and pumping stations will be constructed within platted right-of-ways and/or utility easements granted in favor of the City. Upon completion these in1provements will be conveyed to, and maintained by, the City of Port St. Lucie Utilities Systems Department following an inspection, certification and wananty process.

An irrigation quality water reuse distribution system consisting of a 30-inch pipe was constructed to connect to the City's wastewater treatment plant located approximately 2 miles northeast of the site along Glades Cut-Off Road. Reuse water will be distributed in the future to the onsite lakes where it will be withdrawn by irrigation pumps. Transmissi.on and distribution lines along with necessary valves and meters will be constructed throughout the community to

deliver the reuse irrigation water to the community landscaping and open space areas. At.this time, the size of this main has yet to be determined.

The reuse main will be also be sized to serve the Tradition  DRI/CDD  located  to the south of this project, and also extended to the south property line near the west side of the site. The Districts will only fund the pro-rata share of the costs of the service connection relating to use required by the Development. In any event, the reuse irrigation mains will be conveyed to, and maintained by, the City of Port St. Lucie Utilities Systems Department.

The Districts will also provide underground electric to the DRI project. Florida Power and Light will be the provider for  electric.  Currently,  the  Developer intends to install other "dry" utilities within the DRI project, including telephone, cable, and natural gas a:t no costs to the Districts.  A ten (10) foot wide public  utility easement will be available along both sides of the  Districts'  roadways  for the installation of these other "dry" utilities.

Landscape and Other

Landscaping will be provided in all public roadways, common areas and at the entrances to the project. Landscaping will consist of sod, annual flowers, shrubs, trees, ground cover, landscape berms, and littoral plantings in lakes. Existing native vegetation will be utilized where possible in the landscape plantings.

Land Acquisition

The Districts will accept the dedication of the lands within the boundaries of the Districts, which include water management lakes, wetland preserve, conservation areas, public rights-of-way, public utility easements, buffers, and landscaped common open space. The remaining lands (i.e. lots, private roads, golf course and club facilities and the school S\te, etc.) will be owned, operated and maintained by other entities.

Professional Services and Miscellaneous Costs

Professional Services include but are not limited to: engineering, planning, landscape architecture, environmental audit, testing, surveying, and constrnction inspection and will be part of the Districts' project budgets. Other miscellaneous costs that the Districts will incur will be legal fees and bond financing fees, which are not included in this report.

Opinion of Probable Construction Costs

It is proposed that SpecfaJ Assessment Bonds will fund all or a portion of the Public Infrastrncture. A breakdown of the costs associated with each of the major infrastructure elements is presented below in Table 3.A. This table represents the

Engineer's Report-November 17, 2005	19

opinion of probable costs for the Public Infrastructure. Table 3.C, below, represents the opinion of probable costs for the ·Public Infrastructure foe each Phase.

The opinion of probable costs includes the actual infrastructure costs  for  the various improvements, such as: materials, labor, construction, technical services, and contingencies. All estimates in Table 3.A are iri 2014 dollars and no inflation factor was utilized. All estimates  in Tables  3.B through  3.H have been  adjusted for inflation, compounded annually, as directed by the Districts' assessment consultant. It is estimated that the project build-out will be year 2030.

Portions of the site have undergone detailed design, while other areas are still in the conceptual design stage. Therefore, the detailed cost estimates provided herein are developed using many assumptions based on our experience with other similar projects. The following estimates are based upon sound engineering principles and judgment plus discussions with the Developer concerning their cost estimates.

(THIS SPACE LEFT XNTENTXONAILLY BLANK)

Engineer's Report-November 17, 2005	20

COM

Table 3.A. Public Infrastructure Costs by CDD (2014 Dollars-No Inflation)

Improvement	
Offsite Public Infrastructure	Onsite Public Infrastructure	
TOTAL	
		Center CDD	CDD#l	CDD#2	CDD#3	CDD#4	CDD#S		
Roadways	$20,696,000	-
--	$0	$20,986,100	$15,849,000	$15,221,500	$6,386,100	$79,138,500	
Stormwater Management	$4,335,700		$3,705,000	$18,299,100	$13,898,900 .	$16,159,200	$7,065,200	$63,463,000	
Water/Sewer/FP&L	$8,984,600	--	$4,580,000	$12,782,900	$9,989,300	$10,429,700	$5,697,000	$52,463,400	
Streetlights & Landscaping	$7,090,500	--	$513,200	$15,221,300	$13,249,900	$14,259,900	$6,796,500	$57,131,200	
Professional Fees	$10,354,700	--	$2,508,300	$11,422,700	$7,877,100	$8,767,700	$6,461,500	$47,391,800	
TOTAL:	$51,461,500	--	$11,306,500	$78,712,000	$60,863,900	$64,837,800	$32,406,200	$299,587,700	

Table 3.B. Public Infrastructure Costs by CDD (With Inflation)

Improvement	
Offsite Public
Infrastructure	Onsite Public Infrastructure	
TOTAL	
		Center
CDD	CDD#t	CDD#2	CDD#3	CDD#4	CDD#5		
Roadways	$26;540,000	--	$0	$26,554,000	$23,680,200	$19,260,000	$9,831,000	$105,865,200	
Stormwater Management	$5,381,200	--	$3,879,800	$23,154,200	$20,766,600	$20,446,500	$10,876,500	$84,504,800	
Water/Sewet/FP&L	$11,363,500	--	$4,798,500	$16,174,400	$14,925,100	$13,196,900	$8,770,300	$69,228,700	
Streetlights & Landscaping	$8,843,400	--	$577,300	$19,259,800	$19,796,800	$18,043,200	$10,462,900	$76,983,400	
Professional.Fees	$13,651,000	-	$2,652,900	$14,453,300	$11,769,200	$11,093,900	$9,947,100	$63,567,400	
TOTAL:	.$65,779,100	--	$11,908,500	$99,595,700	$90,937,900	$82,040,500	$49,887,800	$400,149,500	

Engineer's Report - November 17, 2005
Revised March 6, 2006
Revised March 5,2015

21	M:'COM

 	

.	Table 3.C. Offsite Public Infrastructure Costs by Phase (With Inflation)

Improvement	Phase 1	Phase 2	Phase 3	Phase 4	TOTAL	
Years per Phase	2005-2017	2017-2020	2020-2025	2025-2030		
Roadways	$3,774,600	$6,254,500	$7,180,900	$9,330,000	$26,540,000	
Stonnwater Management	$300,000	$1,824,800	$2,118,300	$1,138,100	$5,381,200	
Water/Sewer/PP&L	$350,000	$3,292,900	$4,918,000	$2,802,600	$11,363,500	
Streetlights & Landscaping	$850,000	$1,973,300	$4,091,100	.$1,929,000	$8,843,400	
Professional Fees	$432,500	$3,991,000	$5,099,300	$4,128,200	$13,651,000	
TOTAL:	$5,707,100	$17,336,500	$23,407,600	$19,327,900	$65,779,100	

Table 3.D. COD #1 Public Infrastructure Costs by Phase (With Inflation)

Improvement	Phase 1	Phase 2	Phase 3	Phase 4	TOTAL	
Years per Phase	2005-2017	2017-2020	2020-2025	2025-2030		
Roadways	$0	--
--	--	--	$0	
Stormwater Management	$3,879,800		--	--	$3,879,800	
Water/Sewer/PP&L	$4,798,500	--	--	--	$4,798,500	
Streetlights & Landscap_ing	$577,300	--	--	--	$577,300	
Professiomil Fees	$2,652,900	--	--	--	$2,652,900	
TOTAL:	$11,908,500	--	--	--	$11,908,500	

Table 3.E. CDD #2 Public Infrastructure Costs by Phase (With Inflation)

Improvement	Phase 1	Phase 2	Phase 3	Phase4	TOTAL	
Years per Phase	2005-2017	2017-2020	2020-2025	2025-2030		
Roadways	--	$26,554,000	--	--	$26,554,000	
Stormwater Management	--	$23,154,200	--	--	$23,154,200	
Water/Sewer/PP&L	--	$16,174,400	--	--	$16,174,400	
Streetlights & Landscaping	--	$19,259,800	--	--	$19,259,800	
Professional Fees	--	$14,453,300	--	--	$14,453,300	
TOTAL:	--	$99,595,700	--	--	$99,595,700	

Table 3.F. COD #3 Public Infrastructure Costs by Phase (With Inflation)

Improvement	Phase 1	Phase 2	Phase 3	Phase 4	TOTAL	
Years per Phase	2005-2017	2017-2020	2020-2025	2025-2030		
Roadways	--	$3,316,500	$20,363,700	--	$23,680,200	
Stonnwat.er Management	--	$2,908,400	$17,858,200	' --	$20,766,600	
Water/Sewer/FP&L	--.	$2,090,300	$12,834,800	--	$14,925,100	
Streetlights & Landscaping	--	$2,772,600	$17,024,200	--	$19,796,800	
Professional Fees	--	$1,648,300	$10,120,900	--	$11,769,200	
TOTAL:	--	$12,736,100	$78,201,800	--	$90,937,900	

Engineer's Report- November 17, 2005	22
Revised March 6, 200(i

A;!COM

Table 3.G. CDD #4 Public Infrastructure Costs by Phase (With Inflation)

Improvement	Phase 1	Phase2	Phase 3	Phase 4	TOTAL	
Years per Phase	2005-2017	2017-2020	2020-2025	2025-2030		
Roadways	--	--	$19,260,000	--	$19,260,000	
Stormwater Management	--	--	$20,446,500	--	$20,446,500	
Water/Sewer/PP&L	--	--	$13,196,900	--	$13,196,900	
Streetlights & Landscaping	--	--	$18,043,200	--	$18,043,200	
Professional Fees	--	--	$11,093,900	--	$11,093,900	
TOTAL:	--	--	$82,040,500	--	$82,040,500	

Table 3.H. CDD #5 Public Infrastructure Costs by Phase (With Inflation)

Improvement	Phase 1	Phase 2	Phase 3	Phase 4	TOTAL	
Years per Phase	2005-2017	2017-2020	2020-2025	2025-2030		
Roadways	--	--	--	$9,831,000	$9,831,000	
Stormwater Management	--	--	--	$10,876,500	$10,876,500	
Water/Sewer/FP&L	--	--	--	$8,770,300	$8,770,300	
Streetlights & Landscaping	--	--	--	$10,462,900	$10,462,900	
Professional Fees	--	--	--	$9,947,100	$9,947,100	
TOTAL:	--	--	--	$49,887,800	$49,887,800	

Ownership and Maintenance Authority

The ownership and maintenance responsibilities for the infrastructure improvements at Districts are presented in Table 4 below. It is recognized that any infrastructure financed by the Districts will be owned by the Districts or another unit of local government.

Table 4. Expected Ownership & Maintenance

Facility	Funded By	O&MBv	Ownership	
Major Arterial Roads	CDD	County/City	County/City	
Other Roads	CDD/Developer	CDD/POA	CDD/POA	
Landscape	CDD	CDD/POA	CDD/POA	
Parks &Rec.	Developer	CDD/POA/City	CDD/POA/City	
Drainage	CDD	CenterCDD	CDD	
Utilities	CDD	City	City	

Maintenance and operational responsibilities of the Districts will include aquatic weed control for the lakes and preserve areas, surface water quality monitoring and maintenance of the water control facilities, and the water management system. The Districts will als.o maintain some of the internal roadways lighting, irrigation pump stations, irrigation piping system, and open spaces. The Florida Power and Light Company will perform maintenance Df the underground power lines. Maintenance of portions of the public roadway· system (e.g. Village Parkway, Crosstown Parkway, etc.), water distribution, and the wastewater

Engineer's  Report- November 17, 2005	23
Revised March 6, 2006	·

AE'COM

collection system will be by City of Port St. Lucie Utilities Systems Department and Public Works Departments.

Report Modification

During development and implementation of the Public Infrastructure improvements identified in this Report, it may be necessary to make some modifications and deviations to the improvements. Therefore, if such deviations or modifications do not change the overall primary objective of this Report, then such changes will not materially affect the Report.  In addition, the Districts may undertake certain additional public infrastructure improvements, related to the subdivisions, which may include but are not limitec;i to roads, drainage, water, wastewater, landscaping, and irrigation. Such improvements may be identified in subsequent Reports.

VIlI.	Engineer's Certification

The infrastructure improvements as detailed herein are necessary for the functional development of the District as required by the applicable independent unit of local government. The planning and design of the infrastructure is in accordance with current governmental regulatory requirements. The infrastructure will provide the intended function so long as the construction is in substantial compliance with the design and permits. The District will need funding to acquire a portion of the improvements included in this report. The Engineer recommends that in addition to the annual non-ad valorem assessments to be levied and collected to pay debt service on the proposed bonds, the District should levy and collect an annual "Operating and Maintenance" to be determined, assessed· and levied by the respective District's Board of Supervisors upoh the assessable real property within the Districts for the purpose of defraying the cost and expenses of maintaining District-owned improvements.

It is our professional opinion that the costs provided herein for the Verano Community Development Districts' proposed infrastructure improvements are reasonable and that these infrastructure improvements will benefit and add value to the assessable lands within the Districts. All such proposed infrastructure costs are public improvements or community facilities as set forth in Section 190- 012(1) and (2) of the Florida Statutes.

The estimate of infrastructure construction costs is only an estimate and not a guaranteed maximum price. A portion of the costs  are  based  on  actual construction bids received by the Developer for the development of Commerce Center Drive and portions of infrastructure within CDD #1. Where necessary, historical costs and information from other professional or utility consultants and contractors have been used in preparation of this report. Consultants  and  contractors who have contributed in providing the cost data included in this report

Engineer's Report - November l 7, 2005	24

AE'COM

are reputable entities within the area. It is therefore our op1n1on that the construction of the proposed Development can be completed at the costs as stated.

The labor market, future costs of equipment and materials, increased regulatory actions and the actual construction process are all beyond control. Due to this inherent opportunity for fluctuation in cos{ the total final cost may be more or less than this estimate.

Amy E. Eason, P. E.
Florida Registration No. 59936 AECOM Technical Services, Inc. No. 8115

Engineer's Report-November 17, 2005	25

AE'COM

Appendi:x:A

Sketches and Legal Descriptions of The Verano CDDs Boundaries

Engineer's Report-November 17, 2005

 	

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-	:	TOWNSHIP 36 SOUTH RANGE 39 EAST

-A,,C,/-,L---,.<.,/4,/--  --½	- --
k,	COD-CENTER	I

4	3

I	/	97,55 ACRES ±	WESTERLY RIGHT-OF-WAY
I

GRAPHIC  SCAI.,E
rrrrfi,	I
0	500	1000

i

-' REVISED NOVEMBER 16, 2004

THIS IS NOT A SURVEY (SUBJECT TO FIELD SURVEY)
CONSULTING CIVIL ENGINEERS,	Scale:   1"==:1000'	COLOR SKETCH FOR:
SURVEYORS & MAPPERS

@ 2004 LBFH Inc.

13	"Partners   For  Resvlts,	Sheet    4 Of  4	PGA VILLAGE PARCEL COD-CENTER
C.	Vahw By Design"	1--------+	11

3550 S.W.  Corporate  Parkway, Palm  City,  Florida 34990   Computed:	NAB
(772) 286-3883 Fax: (772) 286-3925
BPR  &  FBPE  License No: 959	www.lbfh.com	Checked:	LLB

Dote
11/16/04

FILE NO,	Project No.

3-0082

P:/o3-00B2/SUR\oEY/SKETCH
CDD-CENTER-10-22-04.DWG	Q

SECTION NUMBER
3 i,5

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,-1

3	2	SECTION CORNER

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P,O.B.	POINT OF BEGINNING
L20	LINE
C10	CURVE

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TOWNSHIP 36 SOUTH RANGE 39 EAST
.,.	4	TOWNSHIP 3:-/ SOUTH RANGE 39 EAST \

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WESTERLY RIGHT-OF-WAY

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P.O.B. CDD-CENTER
INTERSECTION OF "FHE WESTERLY RIGHT-OF-WAY BOUNDARY
OF 1-95 SECTION 94001-2412, WITH THE NORTHEASTERLY RIGHT-OF-WAY BOUNDARY
OF THE SOUTH FLORIDA WATER MANAGEMENT DISTRICT C-24 CANAL.

REVISED NAME 1-21..'._05
I REVISED NOVEMBER 16,	2004

THIS 1S NOT A SURVEY (SUBJECT TO FIELD SURVEY)

© 2005 LBFH Inc.

ii

CONSULTING CIVIL ENGINEERS,	Scale:  1''= 1000'	SKETCH AND DESCRIPTION FOR:
SURVEYORS & MAPPERS
"Partners   Ji'or   Results,	Sheet    1  Of   4	MONTAGE RESERVE PARCEL COD-CENTER
Val'lle By Design"	t-----------ii--------.-------,	1

&   FBPE  License   No:   959	www.lbfh.c_a.cm..;_,

., 	,  C0D-CENTI:R-10-22-04,0\'IG..., 	,

3550   S.W.   Corporate   Parkway,   Palm  City,  Florido J4990    Computed;	NAB	Dote

FILE NO.

Project No.

L,

BPR

(772.) 288-3883 Fax: (772) 286-3925

Checked:

LLB	1 1 / 1 6/0	4	P:/0J-ooe2/SURVEY/SKITCH

03-0082

LEGAL DESCRIPTION -	CDD-CENTER (REVISED NOVEMBER 16, 2004)
BEGIN AT THE INTERSECTION OF THE WESTERLY RIGHT OF WAY BOUNDARY OF INTERSTATE 95, SECTION 94001-2412, WITH THE NORTHEASTERLY RIGHT OF WAY BOUNDARY OF SOUTH FLORIDA WATER MANAGEMENT DISTRICT C-24 CANAL AND RUN THENCE NORTH 33"03'38" EAST ALONG SAID WESTERLY RIGHT OF WAY BOUNDARY 594,79 FEET TO A POINT OF CURVE TO THE LEFT. CONCAVE TO THE NORTHWESTERLY; THENCE
NORTHEASTERLY ALONG SAID WESTERLY RIGHT OF WAY BOUNDARY AND SAID CURVE WITH A RAD°JUS OF 7 465.4-4 FEET THROUGH A CENTRAL ANGLE OF 08'44'10", AN ARC DISTANCE OF 1138.28 FEET, THE CHORD OF SAID ARC BEING NORTH 28"41'33" EAST 1137.18 FEET TO THE NORTHERLY BOUNDARY OF TOWNSHIP 37 SOUTH, RANGE 39 EAST AND THE SOUTHERLY BOUNDARY OF TOWNSHIP 36 SOUTH, RANGE 39 EAST, MARTIN COUNTY, FLORIDA; THENCE CONTINUE NORTHEASTERLY ALONG SAID WESTERLY RIGHT OF WAY BOUNDARY AND SAID CURVE WITH A RADIUS OF 7465.44 FEET THROUGH A CENTRAL ANGLE OF 00·44'51", AN ARC DISTANCE OF 97.40 FEEi, THE
CHORD OF SAID ARC BEING NORTH 23"57'02" EAST 97.39 FEET; THENCE NORTH 23"34'37" EAST ALONG SAID WESTERLY RIGHT OF WAY BOUNDARY 1499.51 FEET TO A POINT OF CURVE TO THE LEFT CONCAVE TO THE WESTERLY; THENCE NORTHEASTERLY ALONG SAID WESTERLY RIGHT OF WAY BOUNDARY AND SAID CURVE WITH A RADIUS OF 5555.58 FEET THROUGH A CENTRAL ANGLE OF 18'24'05", AN ARC DISTANCE OF 1784.25 FEET, THE CHORD OF SAID ARC BEING NORTH 14"22'34" EAST 1776.59 FEET; THENCE NORTH 00:00'04" EAST ALONG SAID WESTERLY RIGHT OF WAY BOUNDARY 1044.89 FEET; THENCE NORTH 01"08'52." WEST ALONG SAID WESTERLY RIGHT OF WAY BOUNDARY 668.79 FEET TO A POINT OF CURVE TO THE LEFT CONCAVE TO THE WESTERLY; THENCE NORTHWESTERLY ALONG. SAID WESTERLY RIGHT OF WAY BOUNDARY AND SAID CURVE WITH A RADIUS OF 2684.00 FEET THROUGH A CENTRAL ANGLE OF 13'40'56", AN ARC DISTANCE  OF 640.94 FEET,  THE CHORD  OF SAID ARC BEING NORTH OT59'20" WEST 639,42 FEET TO A POINT ON A CURVE CONCAVE TO THE WESTERLY; THENCE NORTHWESTERLY ALONG SAID WESTERLY RIGHT OF WAY BOUNDARY ANO SAID CURVE WITH A RADIUS OF 1295.00 FEET THROUGH A CENTRAL ANGLE OF 09"02'54", AN ARC DISTANCE  PF 204.51 FEET,  THE CHORD  OF SAID ARC BEING NORTH 19'21'15" EAST 204.30 FEET; THENCE SOUTH 00"00'04" WEST 2245.75 FEET; THENCE
SOUTH 04"50'19"  WEST 637,01 FEET;  THENCE SOUTH 12"25'51''  WEST 640.99 FEET;  THENCE SOUTH 19"28'17"
WEST 683.65 FEET; THENCE SOUTH 79'27'49" WEST 55.51 FEET; THENCE SOUTH 10"32'10" WEST 50.00 FEET; THENCE NORTH 79"27'49" EAST 55.38 FEET; THENCE SOUTH 40'32'39" EAST 146.65 FEET; THENCE SOUTH 23·34•37''  WEST 422.39 FEET;  THENCE NORTH 89"52'22"  WEST 477.45 FEET;  THENCE SOUTH  42'35'56"  WEST
556.01 FEET TO A POINT OF CURVE TO THE RIGHT CONCAVE TO THE NORTHWESTERLY; THENCE SOUTHWESTERLY

ro

ALONG SAID CURVE WITH A RADIUS OF 656.00 FEET THROUGH A CENTRAL ANGLE OF  83'14'30",  AN  ARC DISTANCE OF 953,06 FEET, THE CHORD OF SAID ARC BEING SOUTH 84'13'11" WEST 871.43 FEET; THENCE NORTH 54'09' 34"  WEST 212.68 FEET  TO  A POINT OF CURVE	THE LEFT CONCAVE TO THE SOUTHWESTERLY; THENCE NORTHWESTERLY ALONG SAID CURVE WITH A RADIUS OF 776.00 FEET THROUGH A CENTRAL ANGLE OF 35"50'20", AN ARC DISTANCE OF 485.39 FEET, THE CHORD OF SAID ARC BEING  NORTH  72·04'44"  WEST  477.52  FEET; THENCE NORTH 89"59'54" WEST 14.96 FEET; TO A POINT OF CURVE TO THE RIGHT CONCAVE TO THE NORTHEASTERLY; THENCE NORTHWESTERLY ALONG SAID CURVE WITH A RADIUS OF 25.00 FEET THROUGH A CENTRAL ANGLE OF .70'02'24", AN ARC DISTANCE OF 30.56 FEET, THE CHORD OF SAID ARC BEING NORTH
54'58' 42" WEST 28,69 FEET TO A POINT OF REVERSE CURVE CONCAVE TO THE SOUTHEASTERLY; THENCE NORTHWESTERLY, SOUTHWESTERLY ANO SOUTHEASTERLY ALONG SAID CURVE WITH A RADIUS OF 224.00 FEET THROUGH A CENTRAL ANGLE OF 230'04'48", AN ARC DISTANCE OF 899,51  FEET,  THE CHORD  OF  SAID  ARC BEING SOUTH 45·00'05" WEST 405.89 FEET TO A POINT OF REVERSE CURVE CONCAVE TO THE SOUTHWESTERLY; THENCE SOUTHEASTERLY ALONG SAID CURVE WITH A RADIUS OF 25.00 FEET THROUGH A CENTRAL ANGLE OF 70'02'24", AN ARC DISTANCE OF 30.56 FEET, THE CHORD OF SAID ARC BEING SOUTH 35'01'06" EAST 28,69
FEET; THENCE SOUTH oo·oo'OG" WEST 326.22 F'EET; THENCE SOUTH 89"56'01" WEST 208,68 FEET; THENCE
SOUTH   4.3"081 36"  EAST  ALONG  SAID  NORTHEASTERLY   RIGHT  OF  WAY  BOUNDARY  OF  SOUTH  FLORIDA   WATER MANAGEMENT DISTRICT C-24 CANAL 2294,07 FEET TO THE POINT OF BEGINNING, CONTAINING 97.55 ACRES, MORE OR LESS,
I RE SED NAME 1-21-05
REVISED NOVEMBER 16,	2004
THIS IS NOT A SURVEY (SUBJECT TO FIELD SURVEY)	@ 2005 LBFH Inc..

SURVEYOR  AND  MAPPER'S  SIGNATURE

J

1, UNLESS IT BF-ARS THE SIGNATURE AND ORIGINAL RAISED SEAL OF A FLORIDA UC NSED SURVEYOR AND MAPPER, TH.IS MAP/REPORT IS FOR INf'·	AL PURPOSES ONLY ANO IS NOT VALID,
2. NO , H f 11:!E PUBLI<; RECORDS HAS BEEN MADE BY THIS
FFICE.	{ ,

PROJECT NAME:
Sf<EiCH AND DESCRIPTION FOR:
MONTAGE RESERVE PARCEL COD-CENTER

SSIONAL SURVEYOR & MAPPER
0
N'SULTING CIVIL ENGINEERS,	Scale: NA
SURVEYORS & MAPPERS
''Partners  Ji'or  Res'll1.ts,	Sheet 2 Of 4
INC.	. Value By Design"

REVISIONS:
Field  Book:  N/A	Poge: N/A

Field:	N/A

3550 S,W, Corporate Parkway, Palm City, Florida 34990
(772) 286-3883 Fox: (772) 286-:3925
.BPR. & FBPE License No: 959	www.lbfh.com
L

Co mpuled:
Chec;ked:

NAB
LLB

Date
11/16/04

FILE NO.
P:/0J-0082/SU!M;'//SKEJCH/  GOD PMGElS REV NOV, 16, 2004 COO CENlERc-11-16-0tOWO

Project No.
03-0082

CURVE  TABLE	
CURVE	RADIUS	DELTA ANGLE	LENGTH	CHORD BEARING	CHORD	
C1	25,00	70·02'24"	30,56	S35'01  1 0 611E	28.69	
C2	224,00	230·04'45"	899,51	S45'00'06"W	405.89	
C3	25,00	70·02'24"	30,56	.N54"58' 42"W	28.69	
C4	776.00	35·50'20"	485.39	N72'04'44"W	477,52	
C5	656,00	83"14'30"	953.06	S84'13'11 "W	871.43	
C6	1295,00	9·02'54"	204.51	N19'21'15"E	204.30	
C7	2684.00	13"40'56"	640.94	N07'59'20"W	639.42	
cs	5555,58	18'24'05"	1.784.25	N14'22'34"E	1776,59	
C9	7465.44	0' 44 1 5 1"	97.40	N23'57'02"E	97,39	
C10	7465.44	8"44'10"	1138,28	N28'41'33"E	1137.18	

LINE  TABLE	
LINE	-BEARING	LENGTH	
L1	S43"08'36''E	2294.07	
L2	S89"56'01"W	208:68	
L3	soo·oo·os"w	326,22	
L4	N89"59'54"W	14.96	
L5	N54"09'34"W	212,68	
L5	S42'35'56"W	556.01	
L7	N89'52'22"W	477.45	
LS	S23'34'37"W	422,39	
L9	S40'32'39"E	146.65	
L10	N79'27'49"E	55.38	
L11	s10·32'1o"w	50.00	
L12	S79'27' 49"W	55,51	
L13	S19'28'17"W	683.65	
L14	S12'25'51"W	640,99	
L15	S04"50'19"W	637.01	
L16	s00·00•04"w	2245.75	
L17	N·o1·os•52"w	668.79	
L18	N00'00'04"E	1044,89	
L19	N23'34'37"E	1499.51	
L20	N33"03'38!'E	594.79	

I   LINE  AND  CURVE TABLL	
I I I I I
.i
i

i
'
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i
:
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;
'
J

RE SED NAME 1-21-05
REVISED NOVEMBER 16, 2004
j1 THIS IS NOT A SURVEY (SUBJECT TO FIELD SURVEY)	@ 2005 LBFH Inc.	
SrURVEYO.R   AiN'.D,ifMAPPER'S   SIGNATURE
UNLESS IT 8.E\ R "fHE SIGNATURE AND ORIGINAL RAISED SEAL OF
l AFDRFCINFOO RIO'il  N'	P  RPDCSYEDSR OANNLDY MAANfD'PEISS, NWOTISVAMLAIDP,/R£PDRT  IS
NO	H /j	E PUBLIG RECORDS HAS BEEN MADE BY THIS
ACE.
.	-	y l ,

1LELA!ND2L .1flillThON, ,PROFEs's1ciNAL  SURVEYOR   l,c  MAPPER STATE OF LORIOA NO, 2400	PROJECT NAME:
SKETCH AND DESCRIPTION FOR:
MONTAGE RESERVE PARCEL COD-CENTER	

r	CONSULJIHG CIVIL ENGINEERS,
SURVEYORS  & MAPPERS
"Par/.n,,rs   Ji'or Res'lllts,
INC.	Value By Design"
3550 S.W. Corporate Parkway, Palm City, Florida 34990
(772) 286 3883 Fax: (772) 286-3925
BPR  &  FBPE  License No: 959	www.lbfh.com	Scale: NA	REVISIONS:	
		Sheet 3 Of 4	Field Book: N/A	Page: N/A	Field:	N/A	
		Computed:	NAB	Dote
11/16/04	FILE NO.
P:/03-0082/SURVI;Y/SKETCH COO-CENTER- I 0~ 22-0-f.DV/0	Project No.
03 0082	
		Checked:	LLB				
l.

1

GRAPHIC SC.ALE
   iii	I
0	750	1500

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I	i
. i	i	SECTION NUMBER
I	I.
I	i	3 35	SECTION CORNER
i	I	3	2
I	i
i	I	±·	MORE OR LESS
REVISED	OVEMBER  16, 2004	i
i
THIS IS N1 T A  SURVEY  (SUBJECT  TO FIELD SUfRVEY)	@ 2004 LBFH Inc.	
CONSULTING CIVIL ENGINEERS, SURVEYORS & MAPPERS
"Parlners   J!'or  Results,
Vahw By Desig711'
3550 S,W, Corporate Pqrkway, Palm City, Florida 34990
(772) 286-3883 Fax: (772) 286-3925
BPR  &  F13PE License No: 959	. www.lbfh,com	Scale: i "=1500'
Sheet 3 Of 3	COLOR SKETCH FOR:
PGA VILLAGE PARCEL CDD-1	
	Cqmputed:	NAB
Checked:	LLB	Date
11/16/04	FILE NO,
P:/OJ-0082/SURVEY/SKETCH/ ODD PAACELS Re/ HOV, 16, 2004 coo-1-11-1e-04:<coLOR).OWG	Project No,
03-0082	

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\x"

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LEGEND:

SECTION NUMBER SECTION CORNER

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CDD-1

P.O.B,
6. R L
CH

POINT OF BEGINNING
CURVE CENTRAL ANGLE
RADIUS
LENGTH
CHORD BEARING & CHORD

N61'51'31"E
188.61'

N89"52'17"E
1051.65'
S4-2"35'56"W 556.01'

II

I

al	1
REVISED NAME 1-21-05
REVISED	OVEMBER 16, 2004
T IS IS. N°0T A SURVEY (SUBJECT TO FIELD

P.O,C, CDD-l
IHJEASECTION OF n1E lll:STE'.RLY RIGHT-OF-WAY BOUNDARY
OF 1-95 SECTION 94001-2412. 1'11TH lHE NORlHEASlERLY RIGHT-:-OF-WAY BOUNDARY
OF lHE SOUTH FLORIDA WATER
MANAGEMENT DISTRICT C-24 CANAL.

;1

CONSULTING CIViL ENGINEERS,	Scale: 1 "=1500'
SURVEYORS & MAPPERS

I	hINC.

Va.iu.e By Design"	r----------,1--------- -------.,	1

"Pa.rlners   Far   Results,	Sheet 1 Of 3

SKETCH AND DESCRIPTION FOR:

MONTAGE RESERVE PARCEL CDD-1

0

3550 S.W.  Corporote  Parkway,  Palm  City,  Florido 34990  Computed:	NAB	Elate	FILE NO.
(772)  266-3883    Fox:  (772)  286-3925	L  B	11/ 1 6/ 04	icib ;  g:c{'   -   Kf;,H(00

Project No'.
03-0082

LL.-....::..B:..P.;.R.;.....&;;;_.F;..B;;,P;..E..;;;L_.i;c;;e.,;n;.,s;.e.;.;;.N;,_o;,=:...,9;;5.;;9;,;;,_  

:.w;;_w;:;w;;,.;l,b;_f;h;,;.;c.;o;.m;.;,;     ...1-C.   hecked:	L   ..L- 	,ccco;.o;,-.1..-.1;1_-;1.;&-0.1c..0;1.;',/G..  

....... 	,

LEGAL DESCRIPTION	-	vJ0-1	(REVISED NOVEMBEr-\ 16, 2004)

COMMENCE AT THE INTERSECTION OF THE WESTERLY RIGHT OF WAY BOUNDARY OF INTERSTATE 95, SECTION 94001-2412, WITH THE NORTHEASTERLY RIGHT OF WAY BOUl DARY  OF  SOUTH FLORIDA WATER MANAGEMENT DISTRICT C-24 CANAL AND RUN THENCE NORTH 43"08'36"
WEST ALONG SAID NORTHEASTERLY RIGHT OF WAY BOUNDARY 2294.07 FEET TO THE POINT OF
BEGINNING; FROM SAID POINT OF BEdlNNING CONTINUE THENCE NORTH 43'08 1 36 11 WEST ALONG SAID NORTHEASTERLY RIGHT OF WAY BOUNDARY 12679.36 TO THE SOUTHEASTERLY RIGHT OF WAY BOUNDARY OF THE FLORIDA EAST COAST  RAILROAD;  THEI\ICE  NORTH  44'45'38"  EAST ALONG SAID SOUTHEASTERLY RIGHT OF WAY BOUNDARY  1221. 80  FEET;  THENCE  SOUTH 43·34'29" EAST 5340.48 FEET; THENCE SOUTH 43'09'01" EAST 1026.26 FEET; THENCE NORTH
4 5'111 03 "   EAST  0.99  FEET;   THENCE  SOUTH   43'08' 40"  EAST  52.97  FEET;   THENCE   SOUTH
43'09'00" EAST 331.07 FEET; THENCE SOUTH 43'08'32" EAST 3671.33 FEET; THENCE SOUTH
72"42'41" EAST 217.77 FEET; THENCE NORTH 61 '51'31" EAST 188.61 FEET; THENCE SOUTH
43"08'30" EAST 2361.96 FEET; THENCE NORTH 89'52'17" EAST 1051.65 FEET; THENCE SOUTH·
42'35'56'' WEST 556.01 FEET TO A POINT OF CURVE TO THE RIGHT CONCAVE TO THE NORTHWESTERLY; THENCE SOUTHWESTERLY ALONG SAID CURVE WITH  A  RADIUS  OF  656.00 FEET THROUGH A CENTRAL ANGLE OF 83'14'30",  AN  ARC  DISTANCE  OF .953.06  FEET,  THE CHORD OF SAID  ARC  BEING  SOUTH  84'13'11"  WEST  871.43  FEET;  THENCE  NORTH  54·09'34" WEST 212,68 FEET TO A POINT OF CURVE TO THE LEFT CONCAVE TO THE SOUTHWESTERLY; THENCE NORTHWESTERLY ALONG SAID CURVE WITH A RADIUS OF 776.00 FEET THROUGH A CENTRAL ANGLE OF 35'50'20", AN ARC DISTANCE OF 485.39 FEET,  THE  CHORD  OF  SAID  ARC BEING NORTH 72'04' 44". WEST 477.52 FEET; THENCE NORTH 89'59'54" WEST 14.96  FEET  TO  A  POINT OF CURVE TO THE RIGHT CONCAVE TO THE NORTHEASTERLY; THENCE NORTHWESTERLY

l

..	ALONG SAID CURVE WITH A RADIUS OF 25.00 FEET THROUGH A CENTRAL ANGLE OF 70'02'24",
AN ARC DISTANCE OF 30.56 FEET, THE CHORD OF SAID ARC BEING NORTH 54'58'42" WEST
I	28.69 FEET TO A POINT OF REVERSE CURVE CONCAVE TO THE SOUTHEASTERLY; THENCE

!	NORTHWESTE::RLY, SOUTHWESTERLY AND SOUTHEASTERLY ALONG SAID CURVE  WITH  A RADIUS OF 224.00 FEET THROUGH A CENTRAL ANGLE OF 230'04'48", AN ARC DISTANCE OF 899.51
FEET, THE CHORD OF SAID ARC BEING SOUTH 45'00'06" WEST 405.89 FEET  TO  A  POINT  OF REVERSE CURVE COl CAVE TO THE SOUTHWESTERLY; THENCE SOUTHEASTERLY ALONG SAID CURVE WITH A RADIUS OF 25.00 FEET THROUGH A CENTR.AL ANGLE OF  70'02'24",  AN  ARC DISTANCE OF 30.56 FEET, THE CHORD OF SAID ARC BEING SOUTH 35'01'06" EAST 28.69  FEET; THENCE SOUTH oo·oo'06" WEST  326.22  FEET;  THENCE  SOUTH  89'56'01"  WEST  208,68  FEET  TO THE POINT OF BEGINNiNG, CONTAINING 393.17 ACRES, MORE OR LESS.

BEARING BASE:

1

THE NORTHERLY RIGHT-OF-WAY LIN!;: OF CANAL C-24 IS TAKEN TO BEAR
N43'   08 136 "  E  AND   ALL  OTHER   BEARINGS   SHOWN   HEREON   ARE  RELATIVE  THERETO.
REVISED NAME 1-21-05	.

' REVISED NOVEMBER 16, 2004
.	THIS IS NOT A SURVEY (SUBJECT TO FIELD SURVEY)
t

@ 2005 LBFH Inc.

3550 S.W. Corporate Parkway, Palm City, Florido 34990 Compuled:
(772) 286-3883 Fax: (772) 286-3925
BPR  &  F8PE  License No:  959	www.lbfh.com	Checked:

NAB LLB

Dote
11/16/04

FILE NO.
P:/0J-0062/SURVEY/SKETCH
CDD-1-11-11-04.DWG

Project No.
03-0082

 	

EXHIBIT	'' A2"	REVISED
LAND DESCRIPTION:
A PORTION PARCELS 1, 2 3 AND 4, VERANO MASTER PLAT, ACCORDING TO THE PLAT THEREOF AS RECORDED IN PLAT BOOK 57, PAGES 25 THROUGH 32 OF THE PUBLIC RECORDS OF ST. LUCIE COUNTY, FLORIDA AND A PORTION OF THE KC PEACOCK PARCEL AS RECORDED IN OFFICIAL RECORDS BOOK 2819. PAGE 691 OF THE PUBLIC RECORDS OF ST. LUCIE COUNTY, FLORIDA, LYING WITHIN SECTIONS- 28, 29, 32, 33 AND 34, TOWNSHIP
36 SOUTH, RANGE 39 EAST AND SECTIONS 4 AND 5,  TOWNSHIP  37  SOUTH,  RANGE  39 EAST, ST. LUCIE COUNTY, FLORIDA BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGIN AT THE INTERSECTION OF THE SOUTHEAST RIGHT-OF-WAY LINE OF FLORIDA EAST COAST RAILWAY COMPANY "FT. PIERCE CUT OFF" TRACK AS SHOWN ON PAGES V, 3D/6 AND V. 30/7, DATED FEBRUARY 1, 1950 TRACT CORRECT REVISION DATED APRIL 28, 1967 WITH THE SOUTHWESTERLY RIGHT-OF-WAY LINE OF SOUTH FLORIDA WATER MANAGEMENT DISTRICT C-24 CANAL, AS NOW LAID OUT AND IN USE; THENCE ALONG SAID SOUTHWESTERLY RIGHT-OF-WAY LINE AND ALONG THE NORTHEAST LINE OF SAID VERANO MASTER   PLAT,  SOUTH  43•081 38"   EAST,   A  DISTANCE   OF  11569 •.38  FEET  TO  A  POINT  ON THE SOUTH LINE OF SAID VERANO MASTER PLAT; THENCE ALONG SAID SOUTH LINE THROUGH  THE FOLLOWING FOUR (4)  COURSES,  NORTH 89"08 158"  WEST, A  DISTANCE  OF
318.77 FEET; THENCE SOUTH 60"24'31" WEST, A DISTANCE Of' 793.61  FEET;  THENCE SOUTH 65"05'51" WEST, A DISTANCE OF 762.00 FEET; THENCE SOUTH 70•42'47" WEST, A DISTANCE OF 440,53 FEET TO A POINT ON THE EAST LINE OF SAID KC PEACOCK PARCEL· AS RECORDED IN OFF'ICIAL RECORDS 8001< 2819, PAGE 691 OF THE PUBLIC RECORDS OF ST.  LUCIE  COUNTY.   FLORIDA;  THENCE   ALONG   SAID  EAST  LINE.  SOUTH  43°581 20"   EAST,  A DISTANCE OF 57.68 FEET TO A POINT ON THE SOUTH LINE OF SAID KC PEACOCK PARCEL; THENCE  ALONG  SAID SOUTH  LINE THROUGH  THE FOLLOWING TWO (2)	COURSES, SOUTH 62°44'35" WEST, A DISTANCE OF 967.89 FEET; THENCE SOUTH 76°11 '52" WEST, A
DISTANCE. OF 399.98 FEET; THENCE NORTH 86°26'39"  WEST, A DISTANCE OF 259.29  FEET  TO A POINT OF CURVATURE ·or A CURVE CONCAVE TO THE SOUTH HAVING A RADIUS OF 1575.00  FEET; THENCE WESTERLY, ALONG  THE ARC OF SAID CURVE  THROUGH  A CENTRAL
ANGLE OF 19"32'55"; A DISTANCE OF 537.37 FEET; THENCE SOUTH 74"00'26" WEST, A DISTANCE OF 2112.21 FEET; THENCE NORTH 15•59•35" WEST, A DISTANCE OF  190,59 FEET; THENCE NORTH 03"34' 40" WEST, A DISTANCE OF 296.22 FEET TO A POINT OF CURVATURE OF A CURVE CONCAVE TO THE WEST HAVING A RADIUS OF 974.32 FEET;,

(DESCRIPTION CONTINUED ON SHEET 2 OF 6)
CERTIFICATION:
THIS SKETCH AND DES RIPTION ARE NOT VALID WITHOUT THE SIGNATURE AND ORIGINAL RAISED SEAL

WILBUR	DIVI

Of  A F'	IDA LICEN ED SURVEYOR AND MAPPER.

PROFESSIONAL LAND SURVEYOR & MAPPER
LICENSE NO. 4190, STATE OF FLORIDA .
DATE	02-19-15

.if	C	IS

=

.!!

i

I	ARCADIS U.S., Inc.

NOTE; THIS IS NOT A Sl(ETCH OF SURVEY. BUT ONLY A GRAPHIC DEPICTION OF THE DESCRIPTION SHOWN HEREON. THERE HAS BEEN NO FIELD WORK, VIEWING OF THE SUBJECT PROPERY, OR MONUMENTS SIT IN CONNECTION WITH THE PREPARATION OF THE INFORMATION SHOWN HEREON,

NOTE; LANDS SHOWN HEREON WERE NOT ABSTRACTED FOR RESTRICTIONS, RESTRICTIONS, RIGHTS-OF-WAY AND EASEMENTS OF RECORD.

wro

PROJECT 11.ANAGrn	D£PMTMENT I.WWlER  SCALE:	CHECKED BY
wro	RWL
SHW  Till,E	DATE:	DRAWN 1W
SKETCH OF DESCRIPTION	02-19-15	JAf'
5 VERANO COD 2	PROJECT NUMBER	DRAWING NUMBER

2081 Vlsf!I Parnway, Sulla305	Tai; (561) 697-7000 Fruc (561) 697-7751
®	W8S!Palm Seach, Frorlda 33411	www,aroooi&:Ue,com

SHEET 1' OF' Q

PL883055

PL858-SD12

EXHIBIT	''A2"	REVISED
(DESCRIPTION CONTINUED FROM SHEET 1 OF 6)

THENCE NORTHERLY, ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 27•52'36"; A DISTANCE OF 474.05 F'EET TO A  POINT  OF  REVERSE  CURVATURE:  WITH  A CURVE,  CONCAVE  TO  THE  EAST,  HAVING  A  RADIUS  OF  992,51  FEET;  THENCE NORTHERLY,
ALONG THE ARC OF SAID CURVE THROUGH  A CENTRAL  ANGLE OF  32°45'53";  A DISTANCE OF 567.57 FEET; THENCE NORTH 01"18'37"  EAST,  A  DISTANCE  OF  669.48  FEET  TO  A  . POINT OF CURVATURE OF A CURVE CONCAVE TO THE SOUTHWEST HAVING A RADIUS OF
750.00 FEET; THENCE NORTHWESTERLY, ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 50•00'41"; A DISTANCE OF 785.55 FEET TO A POINT Of REVERSE CURVATURE WITH A CURVE, CONCAVE TO THE NORTHEAST, HAVING A RADIUS OF 1000.00 FEET; THENCE NORTHWESTERLY, . ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL
ANGLE   or  29"50'42";  A  DISTANCE  OF  520.89  FEET;  THENCE  NORTH  28"51'22°   WEST, A
DISTANCE OF 364.29 FEET; THENCE NORTH 03"09'30'' EAST, A DISTANCE OF 3484.82 FEET; THENCE NORTH 36"34'45" WEST, A DISTANCE OF 1271.76 FEET; THENCE NORTH 50"17'36" WEST, A DISTANCE OF 600.01 FEET; THENCE NORTH 4.5"13'58" WEST, A DISTANCE  OF 1147.35 FEET TO A POINT ON THE SAID SOUTHEAST RIGHT-OF';_WAY LINE OF SAID FLORIDA EAST COAST RAILWAY CpMPANY "FT. PIERCE CUT OFF" TRACK; THENCE ALONG SAID SOUTHEAST RIGHT-OF-WAY LINE, NORTH 44"46'02'' EAST,  A  DISTANCE  OF  1861.44  FEET TO THE POINT OF BEGINNING.
LESS AND EXCEPTING THE FOLLOWING DESCRIBED PARCEL:

BEING A PARCEL OF LAND CONVEYED TO RIVER  COUNTRY  II,  LLC,  AS  RECORDED  IN  OFFICIAL RECORDS BOOK. 3098, PAGE 2755 OF  THE  PUBLIC  RECORDS  OF  ST.  LUCIE COUNTY, FLORIDA, LYING WITHIN SECTION 33, TOWNSHIP .36 SOUTH, RANGE 39 EAST,  ST. LUCIE COUNTY, FLORIDA AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
COMMENCING	AT  THE  POINT or INTERSECTION	OF THE SOUTH LINE OF SECTION 34,. TOWNSHIP  36		SOUTH, RANGE 39 EASTJ AND THE SOUTHWESTERLY RIGHT-OF-WAY LINE OF	SOUTH FLORIDA	WATER  MANAGEMENT	DISTRICT	CANAL	C-24  AS  SHOWN	ON · THE
RIGHT-OF-WAY  MAP  f'OR  CANAL C-24, CHECK  DATED  11/25/58 AND REVISED  2/23//59;

'

THENCE   NORTH   43"08' 381	WEST,   ALONG   SAID   RIGHT-OF-WAY,   A   DISTANCE   OF   2992,80
FEET;   THENCE   SOUTH  02 "401 10"   EAST  A  DISTANCE  OF  4.30  FEET  TO  THE  BEGINNING  OF  A CURVE TO THE NORTHWESTP HAVING A RADIUS OF 130.00 FEET; THENCE. SOUTHWESTERLY ALONG THE ARC OF SAID CURVE A DISTANCE OF 112.33 FEET, THROUGH A  CENTRAL ANGLE  OF  49"30'25"  THENCE  SOUTH  46"50'15"  WEST  A  DISTANCE  OF  2041.23  FEET TO
THE   POINT   or  BEGINNING   OF   HEREIN   DESCRIBED   PARCEL   OF   LAND;   THENCE NORTH
43"58"20" WEST, A DISTANCE OF 214.57 FEET; .THENCE SOUTH 51*16' 2211 WEST, A·
.	(DESCRIPTION CONTINUED ON SHEET S OF 6)

PL883055	PL858-SD12

EXHIBIT	"A2"	REVISED
(DESCRIPTION CONTINUED .FROM SHEET 2 OF 6)

DISTANCE OF 913.19 FEET; THENCE NORTH 5a·o1'19" EAST; A DISTANCE OF 698.53 FEET; THENCE .NORTH 66"21'27'' EAST, A DISTANCE OF 96.04 FEETi THENCE NORTH 60G53'18" EAST, A DISTANCE Of 57.02 FEET; THENCE NORTH 52"35'12" EAST; A DISTANCE or 61.17 F'EET;    THENCE    NORTH    49"401 37"    EAST.    A   DISTANCE    OF    55.84   FEET;   THENCE    NORTH 43"58'20" WEST, A DISTANCE OF 22.09 FEET TO THE POINT OF" BEGINNING.
CONTAINING OR 881.638 ACRES, MORE OR LESS.
SUBJECT TO EASEMENTS, RESTRICTIONS AND RIGHTS-OF-WAY OF RECORD,

BEARINGS SHOWN HEREON ARE BASED THE NORTHEASTERLY LINE OF SAID VERANO MASTER PLAT, SAID LINE BEARING SOUTH 43•oa;38"  EAST  AND  All  OTHER  BEARINGS  BEING RELATIVE THERETO.

LEGEND:
([	- CENTERLINE
b.	- CENTRAL ANGLE
1/E	- INGRESS/EGRESS
L	- ARC LENGTH
O.R.B.	- OFFICIAL RECORDS BOOK PGS,	- PAGES
Pl	- POINT OF INTERSECTION
P.O.B.	- POINT OF BEGINNING
R	- RADIUS
RGE,	- RANGE
R/W	- RIGHT-OF-WAY
SEC.	- SECTION
S.F.W.M.D. - SOUTH FLORIDA WATER MANAGEMENT DISTRICT
TWP.	- TOWNSHIP
3 2£3	- SECTION CORNER
5T4

ARCADIS U.S., Inc.
20B1 Vli!la ParilWlly, Suite 305 Wast PalmBaacll, Fkxfd{I 33411

Tel:(561) 697-7000 Fax: [661) 697-7751
I\Wl'lmcadla-w.e<im

"'
ID
,.J

PRO,JEGT IJANAGER	DEPARTMENT t.Wl,\\lER
WFD	WFD
SHEET TITLE
SKETCH OF DESCRIPTION VERANO CDD 2
SHEET  3  OF 6

SCM!

DAlE:
02-19-15
PROJECT NUMBER
PL883055

G\JECKED BY
WFD
DRAWN BY
JN'
DRA\!llNG  NUMBER
PL858-SD12

P.O.B.
Pl S.E. R/W LINE FLORIDA EAST
COAST RAILWAY COMPANY "FT. PIERCE CUT OFF" TRACK PER PAGES V. 3D/6 & V. 3D/7
DATED 02-01-50, TRACK CORRECT RE.VISION DATED
04-28-67 WITH THE S.W. R/W OF S.F.W,M.D. CANAL C-24
S.E. R/W LINE OF FLORIDA EAST COAST RAILWAY

EXHIBIT	"A2"	REVISED

/

IPTION.	21
!	_	.  _	-
28	22

27	
CURVE TABLE	
CURVE	RADIUS	CENTRAL ANGLE	ARC LENGTH	
C1	1575.00'		19'32'55"	537.37'	
C2,	974.32'		27'52'36»	474,05'	
C3	992.51'		32'45'53"	567,57'	
C4	750.00'		60'00'41"	785.55'	
cs	1000.00'	·29'50'42»	520.89'	

SKETCH TO ACCOMPANY DESC THIS IS NOT A SURVE

)	/
I
I SCALE: 1":=1500'

% °>

((::)} J·-	< ,

0/

/2

<.:f\e:,•/	I
I	l15

\
\
CEL 4 !'"-'-­

N.E. LINE OF VERANO
MASTER PLAT (P,B. 57,

r;;,'<>\t·	v 1
   -_PARCEL 4

'-­
\
29	28	\

32	33

LINE TABLE	
LINE	BEARING		LENGTH	
L1 	NB9'08'58"W	318.77'	
L2	S60'24'31"W	793.61'	
L3	S65'05'51"W	762.00'	
L4	S70'42'47"W		440.53'	
L5	S43'58'2D"E	57.68'	
L6	S62"44'35"W		967.89'	
L7	S76'11'52"W		399.98'	
L8	N86'26'39"W		259.29'	
L9	S74'00'26'W 	2112.21	
L10 	N15'59'36"W	190.59'	
L11 	N03'34'40"W	296.22'	
L12 	N01"18'37"E	669.48'	
L13 	N28'51 '22"W	364.29'	
L14 	N36'34'45''W	1271.76	
L15	N50'17'36"W	600.01'	
L16 	N45'13',5B"W	1147.35	
L17 	N44"46'02"E	186i.44	

I -

PGS. 25-32)

28	27

33	34

'

""'	/
'

I

PARqEL 4	/	Pf RCEL 3

vr.•R,••t·Jti t\i·! C:TF"R Pl ft:T

.	I
11

.

•   I,.. •     t"'l..  "i  •••       •     .f-\v I -•	•    -rt   I
i \;.:;:Ai:PAACEL)2

I	/fl/

'	25-32-.	'  "-	,{/
RIVERCOUNTRY ---- -- ""'	"'

I

CITRUS PARCEL	,	.    yY	PARCE
(NOT INCLUDED)	(
SEE SHEET 5	'

'	33
4

·--/--·

"'\
.

'
'
L

L1

NOTE:
SEE SHEET 2 OF 3

PARCEL 4	/	L5	_'?,,,..,.	4
I ,_._ -;,..;,--\,.'o
SOUTH LINE OF VERANO MASTER PLAT

I

(P,B. 57, PGS. 25-32)

FOR LEGEND

p-	-	KC PEACOCK PARCEL
_.-  ---:::;_ -_.,.,	(O.R.B. 2819, PG 691)

PROJECT I.WIAGER	ll£PAR1MENT IJAIWlER
WFD	RWL
!CII   SHEET 1ITLE

SCALE:
I'= 1500'
DATt:

CHECKED BY
l'IFD
DRAWN BY

!S SKETCH OF DESCRIPTION	1-co,:::,.2-.,,,.:19 -1;:.,..5 --i-:J::.::..Af'  

---11

VERANO CDD 2
Tel: (661)697-7000 Fax: (581)697•n51
www=dis-us.com	SHEET 4 OF 6

PROJECT NUMBER
PL883055

DRAWING NUMBER
Pl858..SD12

LINE  TABLE	
LINE	BEARING	LENGTH	LINE	BEARING	LENGTH	
L1	N43'58'20"W	214.57'	L4	N52'35 12''E	61.17'	
L2	N66'21'27"E	96.04'	L5	N49'40 37"E	55.84'	
L3	N60'53'18"E	57.02'	L6	N43'58'20"W	22.09'	

LEGEND:	EXHIBIT	"A2''	REVISED
<t	-  CENTERLINE	SKETCH TO ACCOMPANY DESCRIPTION.
6.	-   CENTRAL ANGLE	THIS IS NOT A SURVEY!
1/E	- INGRESS/EGRESS
L	- ARC LENGTH
O.R.B.	- OFFICIAL RECORDS BOOK
PGS.	- PAGES
Pl	-  POINT OF INTERSECTION	SCALE: 1"=300'
P.0.8.	- POINT OF BEGINNING R	- RADIUS
RGE.	-	RANGE	PARCEL 2
R/W	- RIGHT-OF-WAY
32	33	VERANO MASTER PLAT
- SECTION CORNER	(P.B. 57, PGS. 25 - 32)
5	4	SEC. 33, TWP. 36 S, RGE. 39 E

PARCEL 1 ·

PARCEL 1 WARRANTY DEED
(O.R.B.   2819,  PG 691)
 	/		---SOUTH  LINE  OF  SECTION  33-36-39
NORTH LINE OF SECTION -4-37-39	
.l!
I....
Iii
@)	RCADIS
ARCADIS U.S., Inc.
2081V'lllla Pa!kway, Suite 305	Tat (561) 6ll7•7000 Fax:(581) 697-7751
WestPalm Beach, Floilda 33411	WWW.arcadis-us.COOJ	PROJECT WW,IJER	DEPMUMENT IJA»AGER	SCALE:	CHECKEO BY	
		\I/FD	Rl'IL	1"= 300'	WFD	
		t11 SHEEr 11TlE	DAlE:	DRAV/N 13'f	
		SKETCH OF DESCRIPTION	02-19-15	JN'	
		VERANO COD 2			
			PROJECT WUMBER	DRAWIMG NUMBER	
		SHEET 5 Of 6	PL883055	PL858..SD12	

LEGEND:
- CENTERLINE
h.	- CENTRAL ANGLE 1/E	- INGRESS/EGRESS L	- ARC LENGTH
O.R.B. - OFFICIAL RECORDS BOOK PGS. - PAGES
/
/

/
Pl	- POINT OF INTERSECTION P.O,B. - POINT OF BEGINNING
R	- RADIUS
RGE.	-  RANGE
R/W	- RIGHT-OF-WAY
32	33
i,,,Y..; - SECTION CORNER
5T4

UNPLATTED ACREAGE

.

I
r--

"'sourn LINE OF SECTION 33-36-39

33	34	S 		OUTH LINE OF SECTION 34-36-39 	

.!!

NORTH LINE OF	4	3
SECTION 4-37-39

NORTH LINE OF SECTION 3-37-39

RC	1S

PROJECT MANAGER	DEPAR'lllOO WJlAGffi	ko,	CHECl<ED BY

uf

I

:0

...

WFll	RWL

g

('I SHEET TITLE
SKETCH OF DESCRIPTION

...t

ARCADIS U.S., Inc.	m VERANO COD 2
208i V!sla Parkway, &Jltll 305	Tel:(561)697-7000 Fax:(561)697-TI51

DA1E:
02-19-15
PROJECT NUMBER
PLBB3055

WFO
DRAWN BY
Jl,f
DRAWING NUMBER
PL858..SD12

@)	W881:Palm BEtsch, Fklritlil:33411	www.aroadls-l!s,oom

SHEET 6 OF 6

I

I

I
I

il

GRAPHIC SCALE
 I		I
0	750	1500
'·-·--·...--·---·
,	CDD-3
420.55 ACRES ±
i
t	i
I
I
i
t	i	LEGEND:	
l
i
I	I
I
!	!	,Q1	SECTION NUMBER
I	I
I	I	3!.sJ,;.,5
j	I	SECTION CORNER
I	i
i	I	±
I	i	MORE OR LESS
i	I
REVISED  NOVEMBER 16, 2004	j
I	I
THIS IS NOT A iSURVEY (SUBJECT TO FIELD SURVEY)	i	@ 2004 LBFH Inc.	
		COLOR SKETCH FOR:
PGA VILLAGE PARCEL CDD-3	
			FILE NO.
FJ/Ol~OO&i/SUiil'EY/SKETQH/ coo PMCEI.S Rel HOV, 1o, 20tlt COl}-3-11-16-0l(COLOR).nWa	Project No.
03-0082	

,

I

I

I

GRAPHIC SCALE

POINT OF COMMENCEMENT CDD-3
INTERSECTION OF THE S.E. RIGHT OF WAY OF FLORIDA EAST COAST RAILWAY COMPANY "FT. PIERCE CUT OFF" TRACI< AS SHOWN ON PAGES V. 30/6 & V. 30/7 DATED FEBRUARY I, I 950, TRACT CORRECT REVISION DATED 4/28/67 WITH THE SOUTHWESTERLY RIGHT OF WAY BOUNDARY OF SOUTH FLORIDA WATER MANAGEMENT DISTRICT CANAL C-24

 	 	i

I	0	1000	2000
I
I

3T ,W

TDYINSH!P JS SOUTH AAHllC 39 E:11:iil

S5B\38'56"W
744,18'
N50'00'3B"W

'1

318.16' -­
S88'01'12"W 380.17'

t.=9'36'50"
R= 47 □.oo'
L=78,B6'--.

N65'05'54"E

N43'08'34'W
/1879.28'

SOU_rH ALY um: Of
SECtlOll J4

'
S89' '55"E. 318,77'

J	N11'31'03"W
264.64'
t ll.=1 "23'23" R=500.00' L=90,67'

\'---r--+-<::::....

S74'05'51"W

S74"00'26"W
337.40'

762100 1

NOO'OS' 49"E'.
211.os'

2233.37'
- S74'35'02"W

lr14'16'55"
iJ  R=500.00'
;II L=124.63'

N89'58'45"W
831.91'

625,46'
S34'54'59"W
16.17'

LEGEND:

REVISED NAME 1-21-05
REVISED NOVEMBER 16, 2004

SECTION  NUMBER
3 35	SECTION  CORNER
.3	2
±	MORE OR LESS

J THIS IS NOT A SURVEY (SUBJECT TO FIELD SURVEY)

@ 2005 LBFH Inc.

CONSULTING CIVIL ENGINEERS,

I

SURVEYORS  & MAflPERS
"Partners   For  Restilts,
VaLue By Design''

Scale: Sheet

1"=2000'
1 Of 3

SKETCH AND DESCRIPTION FOR:
MONTAGE RESERVE PARCEL CDD-3

3550 S.W. Corporole Parkway, Palm City,  Florido  34990 (772) 286-3883 Fa : (772) 286-3925
BPR  &  FBPE  License Na: 959	www.lbfh.com

Computed: Checked:

NAB
LLB

Date
11/16/04

FILE NO.
;/0)"0082/SU!l\'EY/SKCTCH/
cao PARCELS REV NOV \6, 200-4
coo-J-11•16-01.owa

Project No.
03-0082

LEGAL DESCRIPTION COD- J	(REVISED NOVEMBER 16, 2004)
A PARCEL OF LAND LYING IN SECTION 31, 32, 33 AND 34 TOWNSHIP 36 SOUTH, RANGE 39 EAST AND SECTION 4, 5 AND 6, TOWNSHIP 37 SOUTH, RANGE 39 EAST, ST. LUCIE COUNTY, FLORIDA AND MORE PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCE AT THE INTERSECTION OF THE SOUTHEASTERLY RIGHT-OF-WAY LINE OF THE FLORIDA EAST COAST RAILWAY  CO,  "FORT PIERCE CUT-OFF" TRACI< AS SHOWN	ON PAGES V. 3D/6 AND V. 30/7, DATED FEBRUARY 1, 1950 WITH TRACT CORRECT	REVISION DATED 4/28/67 WITH THE SOUTHWESTERLY
RIGHT-OF-WAY LINE OF SOUTH FLOPIDA WATER MANAGEMENT 'DISTRICT CANAL C-24; THE ICE SOUTH
43'08'36" EAST ALONG SAID SOUTHWESTERLY RIGHT-OF-WAY LINE OF SOUTH FLORIDA WATER MANAGEMENT
I DISTRICT CANAL C-24 A DISTANCE  OF  11569.40 FEET;	TO THE POINT OF BEGINNING; THENCE  NORTH
1 89'08'55" WEST 318.77 FEET; THENCE SOUTH 60"24'34" WEST 793.67  FEET; THENCE SOUTH 65'05'54"
WEST 762.00 FEET; THENCE SOUTH 70'42'50" WEST 440.51 FEET; THENCE NORTH 43'58 1 19 11 WEST 1282.89
FEET; THENCE SOUTH 51'16'24" WEST 950,05 FEET; THENCE-SOUTH 45"15 1 16 11 WEST 400.02 FEET; THENCE SOUTH 38'44'47" WEST 1333.66 FEET; THENCE SOUTH 74·00'26 11 WEST 1287.69 FEET TO THE POINT OF BEGINNING; FROM SAID POINT OF BEGINNING RUN THENCE NORTH 15'59'34" WEST 340.09 FEET; THENCE NORTH 03'34'38" WEST 296.22 FEET; TO A POINT  OF CURVE TO  THE LEFT,  SAID  CURVE BEING CONCAVE TO THE WESTERLY; THENCE NORTHERLY ALONG SAID CURVE 'WITH A RADIUS OF 974.32 FEET THROUGH A
·, CENTRAL ANGLE OF 2T52'36"  FOR  AN  ARC  DISTANCE  OF  474.05  FEET;  TO  A  POINT  OF  REVERSE  CURVE, SAID CURVE BEING CONCAVE TO THE EASTERLY; THENCE NORTHERLY ALONG SAID CURVE WITH A RADIUS OF
I 992.51 FEET THROUGH A CENTRAL ANGLE OF 16'22'57" FOR AN ARC DISTANCE OF 283.79 FEET; THENCE NORTH 25'14'.52" WEST 1523.53 FEET; THENCE NORTH 76'29'46" WEST 986.34 f;'EET; THENCE SOUTH
'   54'  0 91 2611      WEST   2220.61  FEET;  THENCE  NORTH   82'23'29"  WEST   321.69  FEET;  THENCE  NORTH   77'44'13"
WEST 668.04 FEET; THENCE SOUTH 58' 38'56 11 WEST 744.18 FEET; THENCE NORTH 86'02'16" WEST 440.70 FEET; THENCE NORTH 50'00'38" WEST 318.16 FEET; THENCE SOUTH 88"01'12" WEST 380.17 FEET; THENCE
NORTH 01"54'14" EAST 2249.79 FEET TO A POINT OF CURVE TO THE LEFT, SAID CURVE BEING CONCAVE TO THE EASTERLY; THENCE SOUTHERLY .ALONG SAID CURVE WITH A RADIUS OF 470.00 FEET THROUGH A CENTRAL  ANGLE  OF  09'  36'50 11      FOR  AN  ARC   DISTANCE  OF  78.86   FEET;   l'HENCE  SOUTH  11'31 1 0311      EAST
'I 264.64 FEET TO A POINT OF CURVE TO THE LEFT, SAID CURVE BEING CONCAVE TO THE EASTERLY; THENCE
SOUTHERLY ALONG SAID CURVE WITH A RADIUS OF 500.00 FEET THROUGH A CENTRAL ANGLE OF 10'23'23" FOR AN ARC QISTANCE OF 90.67 FEET; THENCE SOUTH 21'54 1 27" EAST 95.93  FEET; JO A POINT OF CURVE  TO THE RIGHT, SAID CURVE BEING CONCAVE TO THE WESTERLY; THENCE SOUTHERLY ALONG SAID CURVE WITH  A  RADIUS   OF  1065.00  FEET  THROUGH   A  CENTRAL  ANGLE  OF  07' 43121 11      FOR   AN  ARC  DISTANCE  OF 143,54 FEET; THENCE SOUTH 00'05'49" WEST 211.06 FEET; THENCE SOUTH 89'58'45" EAST 831.91 FEET;
THENCE NORTH 74'05'51" EAST 4614.88' FEET; THENCE NORTH 74'35'02" WEST 625.45 FEET; THENCE
J NORTH 34·54'59" EAST 16.17 FEET;
THENCE  NORTH   7 4'  0 01 26"   EAST  337.40  FEET  TO  THE  POINT  OF  BEGINNING,   CONTAINING   420.55  ACRES, MORE OR LESS.

BEARING BASE:
THE NORTHERLY RIGHhOF-WAY LINE OF CANAL C 24 IS TAKEN TO BEAR
\J43' 08'36" E AND. ALL OTHER SEARINGS SHOWN HEREON _ARE RELATIVE THERETO.
SURVEYOR  AND  MAPPER'S SIGNATURE

' 1. UNLESS IT BEARS. i-H£ SIGNATLli'tE AND ORIGINAL RAISED SEAL OF A FLORIDA UCEN 1':D, ' URVE.-t0R ANO •MAPPtR, THIS MAP/REPORT IS FOR INFORM, IA . 'RPOSl':S · O LY AND IS NOT VALID.
!'.;I 2. NO SEAR -1 P ' PUBLIC RE'.D.OROS HAS BEEN MADE BY THIS
d   OFFI E,	-

iiJ  L_ELAND  L  ·8'..  0f,      P. l(]Ff.SSl(:)NA.l.  SURVEYOR  &  MAPPER STATE OF FLOll DA NO, ?.4PO
"   EVISED  N,i'\ME' 1-21 05	SKETCH AND DESCRIPTION FOR:
REVISED NOVEMBER 16, 2004	MONTAGE RESERVE PARCEL CDD-3
a THIS IS NOT A SURVEY (SU_ BJECT TO F_IELD SURV Y)	c 2005 LBFH Inc.	
CONSULTING .CIVIL ENGINEERS, SURVEYORS & MAPPERS
"Partners For Results, VCLlu.e By Design,"
J.550 S,W. Corpora\e Porkway, Potrn City, Florido 34,990
(772) 286-3883 Fax: (772) 286-3925
BPR  &  FSPE License No: 959	www.lbfh.com	Scale:	NA			REVISIONS:	
	Sheet	2	Of	3	Field Book: N/A	Page:	N/A	Field:	N/A	
	Computed:	NAB
 	
Checked:	LLB	Dote
11 /16/04
·	FILE NO.
03~00B2C0□- CNTR LB,DWG	Project No.
03-0082	

I

¼

,	,

 	POffiT OF COMMENCEMENT CDD-4,		l
INTERSECTION OF THE S,E. RIGHT OF WA'( OF FLORIDA EAST COAST RAILWAY COMPANY "FT, PIERCE CUT OFF" TRACK AS SHOW!'I ON PAGES V. 30/6 & V 30/7 DATED FEBRUARY 1, \950, TRACT CORRECT RE½SION DATED 4/28/67 Wl1H THE SOUTHWESTERLY RIGHT OF WAY LINE OF SOUTH FLORIDA WATER MANAGEMENT DISTRICT CANAL
C-24	-

CDD-4
l/]
g	729.93 ACRES ±
ui
-";.
fT1

LEGEND:	,·
I
SECTION  NUMBER	I
I
I
3 5	I
SECTION CORNER
,3	2
±	MORE OR LESS
P.O.B,	POINT OF BEGINNING

REVISED NAME 1-21-05
REVISED NOVEMBER 16, 2004
THIS IS NOT A SURVEY (SUBJECT TO FIELD SURVEY)	@ 2005 LBFH Inc.	
' CONSULTING CIVIL ENGINEERS, SURVEYORS & MAPPERS
"Pa.rlneTS For fles11lts, Vo.Lue By Design"
J550 S.W. Corporate Porkwoy, P.alm City, Florida ;)4990 (772) 286-38B3 Fox: (772) 286-3925
BPR  &  FBPE  License No: 959	www.lbfh.com	Scale: 1 "=2000'
Sheet 1 Of 3	SKETCH AND DESCRIPTION FOR:
MONTAGE RESERVE PARCEL CDD-4	
	Computed:	NAB
. Checked:	LLB	Date
11/16/04	FILE NO.
oa-ooe2coo-cNrn L!l.Dwo	Project No.
03-0082	

LEGAL DESCRIPTION v0D-4	(REVISED NOVEMBER	I t5, 2004)
A PARCEL OF LAND LYING IN SECTIONS 29, 31 AND 32 TOWNSHIP 36 SOUTH, RANGE 39 EAST AND SECTIONS 5 AND 6, "fOWNSHIP
37 SOUTH, RANGE 39 EAST, ST. LUCIE COUNTY, FLORIDA, MORE PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCE AT THE INTERSECTION OF THE SOUTHEASTERLY RIGHT-OF-WAY LINE OF THE FLORIDA EAST COAST RAILWAY CD. "FORT PIERCE CUT-OFF" TRACli AS SHOWN ON PAGES V. 30/6 AND V. 30/7, DATED FEBRUARY I, 1950 WITH TRACK CORRECT REVISION DATED 4-/28/67 AND THE SOUTHWESTERLY RIGHT-OF-WAY LINE OF SOUTH FLORIDA WATER MANAGEMENT DISTRICT CANAL C-24: THENCE RUN SOUTH 44'46'01" WEST ALONG SAID SOUTHEASTERLY RIGHT....:oF-WAY LINE OF THE FLORIDA EAST COAST RAILWAY COMPANY, A DISTANCE OF 1861.46 FEET TO THE POINT OF BEGINNING.

F.ROM SAID POINT OF BEGINNING CONTINUE SOUTH 44·45'01" WEST ALONG SAID SOUTHEASTERLY RIGHT-OF-WAY LINE OF THE
FLORIDA EAST COAST RAILWAY CO., A DISTANCE OF 3207.94 FEET TO THE WESTERLY BOUNDARY OF SAID SECTION 29; THENCE SOUTH 04'13'20" EAST ALONG SAID WESTERLY BOUNDARY 258,80 FEET TO THE NORTHERLY BOUNDARY OF SAID SECTION 31: THENCE SOUTH
89'40'25" WEST ALONG SAID NORTHERLY BOUNDARY 312.03 FEET TO SAID SOUTHEASTERLY RIGHT-OF-WAY LINE OF THE FLORIDA EAST COAST RAILWAY COMP.ANY: THENCE RUN SOUTH 44'46'01" WEST ALONG SAID SOUTHEASTERLY RIGHT-OF-WAY LINE OF THE FLORIDA EAST COAST RAILWAY COMPANY, A DISTANCE OF 1298.44 FEET; THENCE SOUTH 01'54'14" EAST 4207.02 FEET; THENCE NORTH 88'01'12" EAST 380.17 FEET: THENCE SOUTH 50'00'38" EAST 31B.16 FEET; THENCE SOUTH  86'02'16"  EAST  440.70  FEET; THENCE NORTH 58'3B'56" EAST 744.18 FEET; THENCE SOUTH 7T44'13" EAST 668.04 FEET; THENCE SOUTH  82'23'29"  EAST 321.69  FEET; THENCE NORTH 54'09'26" EAST 2220.61 FEET; THENCE SOUTH 76'29'46'' EAST 986.34 FEET; THENCE SOUTH 25'14'52" EAST 1523.53 FEET TO A POINT ON A CURVE CONCAVE TO THE EASTERLY; THENCE NORTHERLY ALONG SAID CURVE WITH A RADIUS OF
992.51 FEET, THROUGH A CENTRAL ANGLE OF 16'22'57" FOR AN ARC DISTANCE OF 283.79 FEET, THE CHORD OF SAID ARC BEING NORTH 06'52'49" WEST 282.82 FEET; THENCE NORTH 01'18'.39" EAST 689.48 FEET TO A POINT OF CURVE TO THE LEFT SAID CURVE BEING CONCAVE TO THE SOUTHWESTERLY; THENCE NORTHERLY ALONG SAID CURVE WITH A RADIUS OF 750,00 FEET, THROUGH A CENTRAL ANGLE OF 60'00'41" FOR AN ARC DISTANCE OF 785.55 FEET TO A POINT OF REVERSE CURVE, SAID REVERSE CURVE BEING CONCAVE TO THE NORTHEASTERLY; THENCE NORTHWESTERLY  ALONG  SAID REVERSE CURVE WITH A RADIUS  OF 1000.00 FEET THROUGH  A CENTRAL ANGLE OF 29'50'42" FOR AN ARC DISTANCE OF 520.89 FEET; THENCE NORTH 28'51'20" WEST 364.29 FEET: THENCE NORTH D3'09'32" EAST 3484.82 FEET; THENCE NORTH 36'34'43" WEST 1271.75 FEET; THENCE NORTH 50'17'34" WEST 600.00 FEET: THENCE NORTH 45' 13'56" WEST 1147.32 FEET TO THE POINT OF BEGINNING, CONTAINING 729.93 ACRES, MORE OR LESS.

BEARING BASE:
THE  NORlHERLY  RIGHT-OF-WAY  LINE   OF CANAL C-24 IS TAKEN TO BEAR .N4S 08'36"  E ANO ALL OTHER BEARINGS SHOWN HEREON ARE RELATIVE THERETO.

SURVEYOR· AND MAPPER'S SIGNATURE
HE SIGNt,TURE AND ORIGINAL RAISED  SEAL OF
/OR ANO MAPPER, THIS MAP/REPORT IS
E:Sc ONLY  AND  IS  NOT  VALID-
RES:ORDS HAS BEEN MADE BY THIS

L SURVEYOR & MAPPER

SKETCH AND DESCRIPTION FOR:
REVISED  NAME 1-21-:-05	MONTAGE RESERVE PARCEL CDD-4
0 REVISED NOVEMBER 16, 2004
THIS IS NOT A SURVEY (SUBJECT  TO FIELD SURVEY)	c 2005 LBFH I.he.	
CONSULTING CIVIL ENGIMEERS,
SURVEYORS & MAPPERS	Scale: NA	REVISIONS;		
		Field Book: N/A	Page:	N/A	Field:	N/A	
"Pl.irlru,-ts.Ji'or Rim1Us,
l'alw By Design''
3550 S.W. Corporate Porkwoy, Palm City, Florido 34990
(772) 286-3883 Fox: (772) 2.86-3925
€IPR  &   FBPE License No: 959	www.lbfh.com	Sheet 2 Of 3						
	Computed:    NAB
Checked:	LLB	Date
11/16/04	FILE. NO,
03-0062CDD-CNTR La.DWG	Project No.
03-0082	

6..

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SECTION CORNER
3	2
±	MORE OR LESS
REVISED NOVEMBER 16, 2004
I THIS IS NOT A SURVEY (SUBJECT TO FIELD SURVEY)	@ 2004 LBFH Inc.	
CONSULTING CIVIL ENGINEERS, SURVEYORS & MAPPERS
I	"Partners Far Res'l.llts, Value By Design"
3550 S.W, Corporate Parkway, Palm City, Florido 34990
(772) 286-3883 Fax: (772) 286-3925
BPR & FBPE License No: 959	www.lbfh.com	Scale: 1 ;,=2000.'
Sheet 4 Of 4	COLOR SKETCH FOR:
PGA VILLAGE PARCEL CDD-4	
	Computed:	NAB
Checked:	LLB	Dote
11/16/04	FILE NO.
P:/0J-0082/S\JR\IEY/SKETCH/ COD P,\RCEl.S RE.V NOV, 16, 2QO, opD-f	11-1B-Oj{COLOR),DWG	Project No.
03-0082	

I

I.

E
0
0u,
6

P.O.C.  CDD-5	,
--------------

//_/'_--\ ------;-:-----;<·/:·

1	,.,-,.;_,-;,,	\		
I	,,,		)	

0

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r;

INTERSECTION   OF   THE   SE.   RIGHT  OF  WAY	1	5,1'1-- v	,

rt,	'" ,()"- ,

LINE  OF  FLORIDA  EAST COAST  RAILWAY	1	,	(	,,
COMPANY  "FT, PIERCE  CUT  OFF" TRACK  AS	I 4,"\>t)
SHOWN  ON  PAGES  v. 30/6  & v, 30/7	I	()'?'	ro  \ C)	/
DATED  FEBRUARY  I,   1"950,  TRACT  CORRECT	I	(j	"	S E	RIGHT

RrnSION  DATED  4/28/57 WITH  THE	S89'40'25"W	1	K1Cl)'	.'

MANAGEMENT

SOiU7TcHNWE:SATEtRL!Y1RI:GfHTOFWAYLINEOF	312.03'	\I	c..J'?)G	-OFLI-NWEAY

S44'46'01"W
1298, 44'-----.
P.O.B. CDD-5

S.E. RIGHT
-OF-WAY LINE

-19H-"'

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0.........
ui
--t:>-_
_;,

GRAPHIC SCALE

':  -q!	rn	 		I

!J,

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lTI ;:
01

S00'08'55"E 15 6.89

--t:,.
.........	I
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0	750	1500

1

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trO l:

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_ 3 2_w

2
TOWNSHIP 36 SOUTH, RANGE 39 EAST 	•
TOWNSHIP 37 SOUTH, RANGE 39 EAST

:	6	i
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8\;j	-

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_,- C:

CDD-5
539.00 ACRES ±

6 . 5
I		6=9'36'50". R=470.00'
L=78.86'

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-.;-::;;
a..
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S89"58' 45"E	4677,04'

J_	N11 "31 '03"W	264.64'
I.,,/	i0.=i 0'23'23"
R=500.00'
L=90,67'
N2'l '54'27"W	95.93'
1

:£,0:-,     0	;

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fil&l

D::'.i a..3: I- z

N00'05' 49"E

211.0 6

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i2 ,!.	EAST RIGHT

L=124.63'

G:i:E1J5	LINE	D

4

.;	en   oi§o5	-OF-WAY	11=    7. 3  1  21  11
j	REVISED  NAME 1-21-05	R=i065.00'
8 .¥' REVISED NOVEMBER 16, 1004.	L=143,54'

".]...j.-TH-IS-. I-S -NOT--A =S=UR-VE-Y-(=SU-B-JE-.C...T..

TO FIELD SURVEY)

@ 2005 LBFH Inc.
=== -- == -=

CONSULTING  CIVIL  ENGINEERS,	Sca=le:-=1"==1=5"00F'  "--SKETCH   AND  DESCRIPTION
SURVtYORS & MAPPtRS

-FO-R:--- =t

j
t'i

"Pariners  For  Results,	Sheet 1 Of 3
ValW! By Design''

MONTAGE RESERVE PARCEL CDD-5

3550  S.W.  Corporate  Parkway,  Polrn  City,  Florido  34990   Computed:	NAB 8	(772)   286-38B3      Fox:  (172)  286-3925	LLB
j£	BPR  &  FBPE  License No: 959	www.lbfh.com	Checked:

Date
11/ 1 6/04

FILE NO,	Project No.
03-0082

LEGAL 0ESCRIPTIG,, CDD-5 (REVISED N0VEMBEk ·16, 2004)

A PARC-El OF LAND LYING IN SECTION 31. TOWNSHIP 36 SOUTH RANGE 39 EAST, AND SECTION 6, TOWNSHIP 37
SOUTH, RANGE 39 EAST, ST. LUCIE COUNTY, FLORIDA MORE PARTICULARLY DESCRIBED AS FOLLOWS:
COMMENCE AT THE INTERSECTION OF THE SOUTHEASTERLY RIGHT-OF-WAY LINE OF THE FLORIDA EAST COAST RAILWAY CO. "FORT PIERCE CUT-OFF" TRACK AS SHOWN ON PAGES V. 30/6 AND V: 3D/7, DATED FEBRUARY 1, 1950 WITH TRACT CORRECT REVISION DATED 4/28/67 AND THE SOUTHWESTERLY RIGHT-OF-WAY LINE OF SOUTH FLORIDA WATER MANAGEMENT DISTRICT CANAL C-24; THENCE RUN SOUTH 44'46'01" WEST ALONG SAID SOUTHEASTERLY
RIGHT-OF-WAY LINE OF THE FLORIDA EAST COAST RAILWAY CO., A DISTANCE OF 5069.40 FEET TO THE WEST LINE

OF SECTION 29, SAID TOWNSHIP 36 SOUTH, LINE, A DISTANCE OF 258.80 FEET TO THE

RANGE 39 EAST; THENCE SOUTH 04'13'20" EAST, ALONG SAID WEST NORTHEAST CORNER OF SAID SECTION 31; THENCE SOUTH 89'40'25"

WEST, ALONG THE NORTH LINE OF SAID SECTION 31, A DISTANCE OF 312.03 FEET TO SAID SOUTHEASTERLY
RIGHT-OF-WAY LINE OF THE FLORIDA EAST COAST RAILWAY CO.; THENCE SOUTH 44'46'01" WEST, ALONG SAID RIGHT-OF-WAY LINE, A DISTANCE OF 1298.44 FEET TO THE POINT OF BEGINNING;

FROM SAID POINT OF BEGINNING CONTINUE SOUTH 44'46'01" WEST, ALONG SAID RIGHT-OF-WAY LINE, A DISTANCE OF 6104.13 FEET TO THE EAST RIGHT-OF-WAY LINE OF STATE ROAD S-609  As SHOWN  ON THE FLORIDA  DEPARTMENT OF TRANSPORTATION RIGHT-OF-WAY MAP DATED 11/5/64 AND REVISED JANUARY 1965; THENCE SOUTH 00'08' 55"
EAST ALONG SAID RIGHT-OF-WAY LINE 156.89 FEET; THENCE SOUTH 00'01'15" EAST ALONG SAID  RIGHT-OF-WAY LINE 2906.07 FEET; THENCE SOUTH 89'58'45" EAST 4677.04 FEET; THENCE NORTH 00'05'49" EAST, A DISTANCE OF
211.06 FEET TO THE POINT OF CURVATURE OF A CURVE CONCAVE TO THE WEST,	HAVING A RADIUS OF 1,065.00
FEET , THENCE NORTHERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 07'43'21", AN ARC
DISTANCE OF 143.54 FEET TO THE POINT OF COJ½POUND CURVATURE, OF A CURVE CONCAVE TO THE WEST, HAVING A RADIUS OF 500.00 FEET; THENCE NORTHERLY ALONG THE ARC OF SAID CURVE, THROUGH A CENTRAL ANGLE OF 14'16'55", AN ARC DISTANCE OF 124.63 FEET; THENCE NORTH 21·54'27" WEST, A DISTANCE OF 95.93 FEET TO THE
Li	POINT OF CURVATURE  OF A CURVE CONCAVE  TO  THE EAST,   HAVING  A RADIUS  OF 500,00 FEET,  THENCE  NORTHERLY
E	ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 10"23'23",·, AN ARC DISTANCE OF 90,67 FEET;
THENCE NORTH 11'31'03" WEST, A DISTANCE OF 264.64 FEET TO THE POINT OF CURVATURE OF A CURVE CONCAVE
TO THE EAST, HAVING A RADIUS OF 470.00 FEET, THENCE NORTHERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 09'36'50", AN ARC DISTANCE OF 78.86, FEET; THENCE NORTH 01'54'14" WEST, A DISTANCE OF 6414.34 FEET TO THE POINT OF BEGINNING.
CONTAINING 539.00 ACRES MORE. OR LESS.

BEARING BASE:
THE NORTHERLY RIGHT-OF-WAY LINE OF CANAL C-24 IS TAKEN TO BEAR
N43' 08'36" E AND ALL OTHER BEARINGS SHOWN HEREON ARE RELATIVE THERETO.

PROJECT NAME:
SKETCH AND DESCRIPTION FOR:

MONTAGE RESERVE PARCEL CDD-5

LELAND, l. 'BURT t::i;/IOf ESSION. L SURVEYOR & MAPPER STATE OF' •FLORIDA NO, 2400
CONSULt1NG CIVIL ENGINEERS, SURVEYORS & MAPPERS

Scale: NA
Sheet 2 Of 3

REVISIONS:
Field  Book: N/ A	Page:     N/A	Field:	N/A

D□tt:!
11/16/04

FILE NO.	·
0J-0082CDD-GNTR L8,DWG

Project No.
03-0082

LEGEND:	'I
i \	0'\.i_,
..,,4 ·
SECTION NUMBER	l	# -t'$>
3  29	SECTION  CORNER	I\ \ar$'>1-4';,
31 32
±	MORE OR  LESS	I
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30	29
3·1 ¢ 32	.
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I
'u	i	 r,		I
j	a	750	t5oo
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·--•.	-·--·--·--·--·--·--·--·--·--·--·--·
OJ	6  I	5	.	.
0	I
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REVISED NOVEMBER 16, 2004
THIS IS NOT A SURVEY (SUBJECT TO FIELD SURVEY	@ 2004 LBFH Inc.	
CONSULTING CIVIL ENGINEERS, SURVEYORS & MAPPERS
Ei	"Partners   Ji'or Res11l,ts,
'@.	Value By Design"
i 3550 S,W. Corporate Parkway, Palm City, Florida 34990
J	(772) 286-3883 Fax: (772) 286-3925
·:     BPR  &  FBPE  License No: 959	www.lbfh,oorn	Scale: 1"=1500'
Sheet 3 Of 3	COLOR SKETCH FOR:
PGA VILLAGE PARCEL CDD-5	
	Computed:	NAB
Checked:	LLB	Date
11/16/04	FILE NO,
P:/0:!-0002/SUl?/EY/SHErCH/
con PM<l'..1.S RE.V NO\/, 10. 2004
COD-5-11-10-0!(C<l\,OR),PWG	Project No.
03-0082	

 	

Appendix B Ordinance 12-R102

Engineer's Report -November 17, 2005	
Revised March 6, 2006
Revised March 5, 2015

MASTER ASSESSMENT METHODOLOGY

FOR PUBLIC INFRASTRUCTURE FOR
VERANO #1 COMMUNITY DEVELOPMENT DISTRICT VERANO #2 COMMUNITY DEVELOPMENT DISTRICT VERANO #3 COMMUNITY DEVELOPMENT DISTRICT
VERANO #4 COMMUNITY DEVELOPMENT DISTRICT AND
VERANO #5 COMMUNITY DEVELOPMENT DISTRICT

March 5, 2015

Prepared by

Governmental Management Services-South Florida, LLC 5385 N Nob Hill Road
Sunrise, FL 33351

Introduction

The Verano #1 Community Development District ("District #1"), Verano #2 Community Development District, Verano #3 Community Development District, Verano #4 Community Development District, and Verano #5 Community Development District, (the "Districts") are local unit of special-purpose government organized and existing under chapter 190, Florida Statutes as amended. The Districts anticipate issuing approximately $469,400,000 of tax exempt bonds in multiple series (the "Bonds") for the purpose of financing certain public infrastrncture improvements within and without the Districts, more specifically described in the Master Engineer's Report for the Public Infrastructure Serving/ the Verano Community Development Districts dated March 5, 2015 (the "Master Engineer's Report"), prepared by AECOM Technical Services, Inc. (the "Consulting Engineer"). The District anticipates the issuance of the Bonds to pay for a portion of the cost of the infrastructure improvements consisting of roadway improvements, stormwater management, water distribution and sewage collection, street lighting and landscaping(herein, the "Project" or "Improvement Plan").

Purpose

This Master Assessment Methodology Report (the "Repo1i") provides a methodology that determines the amount of the Districts' debt  to  be allocated to specific properties within the Districts benefitting from the public improvements to be acquired or constructed by the Districts. The improvements are being constructed as one system of improvements
' benefiting all the property within  the  boundaries  of  the Districts  except for that portion of District #1 that lies within the 2006 Community Project Assessment Area (described below). This Rep01i  is  designed  to  conform to the requirements of Chapters  190  and  170,  Florida  Statutes  ("F.S.") and will be supplemented with one or more Supplemental Methodology Reports to reflect the actual terms and conditions at  the  time  of  the issuance of one or more series of the Bonds. One or more of the Districts  will be the issuer of the Bonds from time to time (each an  "Issuing District").

Each of the Districts intends to impose non ad valorem special assessments on the benefited lands within i t s b o u n d a r i e s to  pay the debt associated with the Bonds based on this  Report.  It  is anticipated that all of the proposed special assessments will be collected through the Uniform Method of Collection described in  chapter 197.3632, F.S. or any other  legal  means available to the District.  It is not the intent of this Report to address any other assessments, if applicable, that may be levied by the District, a homeowner's association, or any other unit of government.

Background

The Districts cutTently include approximately 2,969.08 gross acres in the City of Port St. Lucie, Florida. The Districts are contiguous or in close proximity to one another and to the Verano Center Community Development District ("Center District"), all of which are being developed as a functionally related community currently known as "Verano." The lands within the Center District and a p01tion of District #1 together comprise the 2006 Community Project Assessment Area, as defined in the Final Original Project Engineer's Rep01t dated January 15, 2015 ("Final 2006 Project Report"). The Final 2006 Project Repo1t describes the now-completed 2006 Community Project, which  benefitted  the lands within the 2006 Community Project Assessment Area.

The lands within the Districts that lie outside the portion of District  #1  in the 2006 Community  Project  Assessment  Area  together  comprise  the New Project Assessment Area. The lands within the New  Project Assessment Area will be benefitted by the Project described in the Master Engineer's Report and addressed in this report, and will be subject to the special assessments that will secure the Bonds. The Project and the 2006 Community Project will be operated in an integrated manner for the benefit of all of Verano.

The planned community within the New Project Assessment Area is currently anticipated to consist of approximately 6,756 single-family, villa, and multifamily dwelling units; 300 vehicle space recreational vehicle park; 50 assisted living units; a 300 room hotel; 798,500 square feet of retail/office space, 36 holes of championship golf course with 70,000 square feet of clubhouse facilities and amenities; and a 48 acre dedic,;ated school site as depicted in Table 1 (collectively, the "Development"). The public improvements comprising the Project contemplated by the Districts will provide facilities that benefit ce1tain property within the New Project Assessment Area within the Districts. The acquisition costs for the Project are summarized in Table 2.

The assessment methodology is a three-step process. First, the Consulting Engineer for the Districts dete1mines the costs for the Project contemplated by the Districts. Second, this cost forms the basis for a  debt sizing. Third, the bonded costs are divided among the benefited properties on the basis of benefit received as a result of the Project.

Special Benefits and General Benefits

In the process of constructing or acquiring infrastructure improvements which provide special benefits to assessable properties within the New

Project Assessment Area, incidental general benefits to the public at large are also created. These benefits are incidental and different from the special benefits provided to assessable prope1iies within the boundaries of the New Project Assessment Area.

Although the general  public  outside  the  New  Project  Assessment Area may benefit from the District's infrastructure improvements comprising the Improvement Plan, the benefits are incidental. The Improvement Plan is designed to meet the needs of the developed prope1ty within the New Project Assessment Area. The property owners within  the New Project Assessment Area are therefore receiving special benefits not received by those outside that assessment area.

Special Benefits Exceed the Costs Allocated

The special benefits provided to the property owners within the New Project Assessment Area will be greater than or equal to the costs associated with providing these benefits. The increase in the market value
. of the benefiting property will be significantly more than the cost of the improvements being acquired or constructed. Without the Districts' improvement plan the property within the New Project Assessment Area would not be able to be developed and to be sold as developed property.

Requirements of a Valid Assessment Methodology

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

1.) The prope1ties must receive a special benefit from the improvements being paid for.
2.) The assessments must be fairly and reasonably allocated to the properties being assessed.

Florida law provides wide latitude in approving special assessments as long as the above two conditions are met. Only if the Districts' Boards were to act in an arbitrary, capricious, or grossly unfair manner would its assessments be ove1iurned.

Assessment Methodology

Overview

The Districts anticipates the issuance of approximately $469,400,000 in principal amount of Bonds to finance infrastructure improvements comprising the Project, provide for capitalized interest, a debt service reserve account and cost of issuance. It is the purpose of this methodology to allocate the $469,400,000 in debt to the prope1ties benefiting from the Improvement Plan.

Table 1 identifies - the development plan as identified by, Verano Development, LLC (the "Developer"). The Master Engineer's Report outlines the public infrastructure improvements needed to support the Development, which are shown in Table 2. The public improvements needed to suppo1t the Development are described in detail in the Master Engineer's Report and are estimated to cost approximately $400,149,500. All or a portion of the public improvements will be funded through the issuance the Bonds and, through one or more Developer's contributions of infrastructure to the extent not funded by the Bonds. Based on the estimated costs to be funded, the size of the bond issue needed to generate funds to pay for the Improvement Plan was determined by the Districts' Unde1writer to total approximately $469,400,000. Table 4 depicts the breakdown of the Bond sizing.

Allocation of Benefit

The public improvements are an integrated system  of facilities  that benefit the New Project Assessment Area  within  the Districts  as a whole.  That is, the first few feet of water line, sewer line,  or  roadway  benefit  the landowners   as  much   as  the  last few  feet.	The infrastructure program works as a total system and  provides  special  benefits  for  each  land  use. The offsite improvements required in the development  order  also  benefit  ' the Development as a whole and the costs are allocated to the landowners. There are eleven product  types  within  the  New  Project  Assessment  Area as shown in Table 1. The Single Family 40' unit has been assigned one
equivalent residential unit ("ERU") and based on their relative size and use to a Single Family 40' unit an ERU assignment has been made to each of the product types. The Retail/Office and Clubhouse space ERUs are shown per 1,000 square feet. Based on their ERU assignment, the allocation of benefit to each product type is shown in Table 3. It is important to note that the benefit derived from the Project to the

'!

residential units is equal to or exceeds the cost that the units will be paying for such benefits.

Allocation of Debt

Allocation of debt is a continuous process until the development plan is completed. The initial assessments will be levied on an equal basis to all acres within the New Project Assessment Area. A fair and reasonable methodology allocates the debt incurred by the Districts proportionately to the properties receiving the special benefits. At this point all of the land within the New Project Assessment Area is benefiting equally and will be assigned on a per acre basis.

Once platting, the recording of declaration of condominium, or other means of identifying individual lots ("Assigned Properties") has begun, the assessments will be levied to the Assigned Properties based on the benefits they receive. The Unassigned Properties, defined as developable acres that are not Assigned Properties and as a result will continue to be assessed on a per acre basis. Eventually the development plan will be completed and the debt relating to the Bonds will be allocated to the planned units within the New Project Assessment Area, which are the beneficiaries of the infrastructure improvements, as depicted in Table 5. If there are changes to development plan, a true up of the assessment will be calculated to determine if a payment from the Developer is required. This process is outlined is Section 3.0

The assignment of debt in this Report sets fo1th the process  by which  debt is apportioned. As mentioned herein, this Repo1t  will  be supplemented from time to time.

Special and Peculiar Benefit to the Property

As previously mentioned, the improvements to be constructed  or acquired by the Districts include roadway improvements, stormwater management, water distribution and sewage collection system, street lighting and landscaping These will provide peculiar and special benefits which flow from the logical relationship of the Improvement Plan to the prope1ties. These peculiar and special benefits consist of the  added  use  of  the property, added enjoyment of the property, and  the  probability  of  increased marketability and value of the property.

These special and peculiar benefits are real and ascertainable, but are not yet capable of being calculated as to value with mathematical certainty. However, as allocated, each is equal to or more valuable than either the

cost of, or the actual non-ad valorem special assessment levied, for the improvements or the debt as allocated,

Reasonable and Fair Apportionment of the Duty to Pay

A reasonable estimate of the proportion of special and peculiar benefits received from the Improvement Plan is delineated in Table 3.

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

Accordingly, no residential unit within the boundaries of the New Project Assessment Area will be liened for the payment of any non-ad valorem special assessment more than the determined special benefit peculiar to that unit and therefore, the debt allocation will not be increased more than the debt allocation set forth in this Report.

In accordance with the benefit allocation in Table 3, a total par amount per unit and an annual debt assessment per unit for the proposed Districts' Bonds have been calculated for each unit as illustrated in Table 5. These amounts represent the preliminary anticipated per unit debt allocations assuming all anticipated units are built and sold in the proportions planned, and the entire proposed infrastructure program is constructed or acquired and financed by the Districts.

3.0	True Up

Although the Districts do not process plats, declaration of condominiums, site plans or revisions for the Developer, it does have an impotiant role to play during the course of platting and site planning. Whenever a plat, declaration of condominium or site plan or revision is processed, the Districts must allocate a portion of its debt to the property according to the methodology outlined herein. In addition, the Districts must also prevent any buildup of debt on Unassigned Property. Otherwise, the land could be fully conveyed and/or platted without all of the debt being allocated. To preclude this, at the time Unassigned Propetiies become Assigned Properties, the Districts will determine the amount of anticipated assessment revenue that remains on the Unassigned Properties, taking into account the proposed plat or site plan approval. If the total anticipated assessment revenue to be generated from the Assigned and Unassigned

Properties is greater than or equal to the maximum annual debt service then no adjustment is required. In the case that the revenue generated is less than the required amount then a debt reduction payment by the Developer in the amount necessary to reduce the par amount of the outstanding Bonds to a level that will be supported by the new maximum annual debt service will be required.

4.0	Assessment Roll

The Districts will initially distribute the liens across the property within the New Project Assessment Area boundaries on a gross acreage basis. As Assigned Property becomes lmown with certainty, the Districts will refine its allocation of debt from a per acre basis to a per unit basis as shown in Table 5. If the land use plan changes, then the Districts will update Table 5 to reflect the changes. The current assessment roll is depicted in Table 6.

!TABLE1
VERANO DISTRICTS
  DEVELOPMENT PLAN	

Overall:

No. of Units/
 	Land Use	Sq. Ft.	ERU's	

Single Family 40's	1,930	1.00	
Single Family 50's	2,651	1.15	
Single Family 60's	635	1.33	
Single Family Estate	300	1.54	
Manor/Duplex	740	0.89	
Apartment	500	0.44	
Assisted Living	50	0.39	
Clubhouse*	70,000	0.72	
Hotel Rooms	300	0.33	
Recreation Vehicle Park	300	0.33	
 Retail/Office*	713,500	0.78		
Totals Residential Units	6,806	
* ERU's are per 1,000 sq. ft.		
Units/Sq.Ft. b CDD		
Land Use	CDD#11	CDD#2	CDD#3	CDD#4	CDD#5	Total	

Single Family 40's	280	400	450	600	200	1,930	
Single Family 50's	351	750	550	800	200	2,651	
Single Family G0's	135	200	100	200	0	635	
Single Family Estate	0	150	0	150	0	300	
Manor/Duplex	0	300	440	0	0	740	
Apartment	0	0	250	0	250	500	
Assisted Living	0	0	50	0	0	50	
Clubhouse	0	20,000	20,000	20,000	10,000	70,000	
Hotel Rooms	0	300	0	0	0	300	
Recreation Vehicle Park	0	300	0	0	0	300	
Retail/Office	0	400,000	225,000	50,000	38,500	713,500	
Total Units Residential	766	1,800	1,840	1,750	650	6,806	

I

(1) There are 244 residential units(72 SF50's, 38 SF60's and 134 manor) and 30,000 sq. ft. of clubhouse space that are subject to assessments relating to the Series 2006 Band
whtch are not included ln the new assessment area.

TABLE2
VERANO DISTRICTS PUBLIC INFRASTRUCTURE COST ESTIMATES

IMPROVEMENTI1I	COST ESTIMATE	

Roadways	
$	125,859,060	
Stormwater Management	$	100,464,503	
Water/Sewer/FP&L	$	82,303,336	
Streetlighting & Landscaping	$	91,522,600	

Total	
$	400,149,500	

A detailed description of these improvements can be found in the Master Engineer Report prepared by AECOM.

TABLE3
VERANO DISTRICTS ALLOCATION OF COSTS

	Total Cost	Total Cost	
	No. of Units/	ERU's	Total	%of	per	per	
Product Type	Sq. Ft	per Unit	ERU's	ERU's	Product Type	Unit	

Single Family 40's	1,930	1.00	1,930	24.16%	$96,678,305	$50,092	
Single Family 50's	2,651	1.15	3,049	38.16%	$152,714,152	$57,606	
Single Family GO's	635	1.33	845	10.57%	$42,305,525	$66,623	
Single Family Estate	300	1.54	462	5.78%	$23,142,682	$77,142	
Manor/Duplex	740	0.89	659	8.24%	$32,990,845	$44,582	
Apartment	500	0.44	220	2.75%	$11,020,325	$22,041	
Assisted Living	50	0.39	20	0.24%	$976,802	$19,536	
Clubhouse*	70,000	0.72	50	0.63%	$2,524,656	$36	
Hotel Rooms	300	0.33	99	1.24%	$4,959,146	$16,530	
Recreation Vehicle Park	300	0.33	99	1.24%	$4,959,146	$16,530	
Retail/Office*	713,500	0.78	557	6.97%	$27,877,916	$39	

Totals	7,988	100.00%	$400,149,500

*Commercial and Clubhouse are per 1000 square feet

TABLE4
VERANO DISTRICTS BOND SIZING

Construction Funds Debt Serv[ce Reserve Capitalized Interest Underwriters Discount Issuance Costs

$	400,149,500
$	32,297,250
$	25,817,000
$	9,388,000
$	1,748,250

Par Amount*

$	469,400,000

*Subiect to chan□e, based on the followin□:
Interest Rate	5.50%
Amortization	30 years
Cap,italized Interest (months)	12
Debt Service Reserve	maximum annual
Underwriters Discount	2%

TABLES
VERANO DISTRICTS ALLOCATION OF PAR

	Total Par	Par	Total Annual	Annual	

Product Type	No. of Units/
Sq. Ft.	per
Product Type	per
Unit	Assessment per
Product Type	Assessment per
Unit	

Single Family 40's	1930	$113,409,604	$58,761	$7,803,192	$4,043	
Single Family 50's	2651	$179,143,103	$67,576	$12,326,011	$4,650	
Single Family 60's	635	$49,626,985	$78,153	$3,414,604	$5,377	
Single Family Estate	300	$27,147,791	$90,493	$1,867,914	$6,226	
Manor/Duplex	740	$38,700,293	$52,298	$2,662,789	$3,598	
Apartment	500	$12,927,520	$25,855	$889,483	$1,779	
Assisted Living	50	$1,145,848	$22,917	$78,841	$1,577	
Clubhouse*	70000	$2,961,577	$42	$203,772	$3	
Hotel Rooms	300	$5,817,384	$19,391	$400,267	$1,334	
Recreation Vehicle Park	300	$5,817,384	$19,391	$400,267	$1,334	
Retail/Office*	713500	$32,702,511	$46	$2,250,109	$3	

Totals	$469,400,000	$32,297,250

*Commercial and Clubhouse are per 1000 square feet

TABLE 6
VERANO DISTRICTS
PRELIMINARY ASSESSMENT ROLL

	

Foilio	

Acreage	Total Par
per
Parcel	
Total Par per Acre	Total Annual Assessment
per Parcel	Annual Assessment per Acre		
	3328-223--0001-000-8*	127.72	$22,483,487	$176,037	$1,546,985	$12,112.32		
	3329-111--0004-000-8*	38.25	$6,733,428	$176,037	$463,296	$12,112.32		
	3328-803-0004--000-9*	1.24	$218,286	$176,037	$15,019	$12,112.32		
	3329-130--0000-000-9	77.50	$13,642,892	$176,037	$938,705	$12,112.32		
	3328-702--0004-000-9	1,8n.22	$330,460,783	$176,037	$22,737,483	$12,112.32		
	3328-702--0003-000-2	264.76	$46,607,642	$176,037	$3,206,857	$12,112.32		
	3331-111--0000-000-7	93.69	$16,492,937	$176,037	$1,134,803	$12,112.32		
	3328-702--0002-000-5	68.55	$12,067,358	$176,037	$830,299	$12,112.32		
	3328-702-0001-000-8	68.17	$12,000,464	$176,037	$825,697	$12,112.32		
	4306-100-0000-000-8	6.66	$1,172,409	$176,037	$80,668	$12,112.32		
3333-344-0001-000-6	42.72	$7,520,314	$176,037	$517,438	$12,112.32	
Totals	2,666.48	$469,400,000	$32,297,250	

*Acreage is based on recent replatting which is diffferent than the amounts show on the St. Lucie County property appraiser's website.

VERANO #2 COMMUNITY DEVELOPMENT DISTRICT
PRELIMINARY ASSESSMENT ROLL- MURPHY PARCEL

	
Planned	Total Par
per	
Total Par	Total Annual
Assessment	Annual
Assessment per	
Description	Acreage	Units	Parcel	per Acre	per Parcel	Acre	
See Exhibit A-1	2.876	9 - 40' Single Family	$532,198	$185,048	$36,618	$12,732.27	

* When collected on the St. Lucie County tax bill, this amount will be grossed up to cover early payment discounts and county collection fees, currently 8o/c

1   of  1

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:PRPFE:$SIONAL..JAN1,.	RVEYOR ,&: MAPP.ER F.'.LOij:11::iA l:: ISrRATION' ,NO. 657ei
DATE;	oa;. 21. 19

I ,..,' A,RCAOIS u.s,, lno,

RESOLUTION 2020-05

A RESOLUTION AUTHORIZING DISTRICT PROJECTS; EQUALIZING, APPROVING, CONFIRMING, AND LEVYING SPECIAL ASSESSMENTS ON THE MURPHY PARCEL SPECIALLY BENEFITED BY SUCH PROJECTS TO PAY THE COST THEREOF; PROVIDING FOR THE PAYMENT AND THE COLLECTION OF SUCH SPECIAL ASSESSMENTS BY THE METHOD PROVIDED FOR BY CHAPTERS 170 AND 197, FLORIDA STATUTES; CONFIRMING THE DISTRICT'S INTENTION TO ISSUE SPECIAL ASSESSMENT BONDS; PROVIDING FOR SEVERABILITY, CONFLICTS, AND AN EFFECTIVE DATE

BE IT RESOLVED by the Board of Supervisors ("Board") of the Verano #2 Community Development District ("District #2") as follows:

SECTION 1. AUTHORITY FOR THIS RESOLUTION. This Resolution is adopted pursuant to Chapters 170, 190, and 197, Florida Statutes.

SECTION 2. FINDINGS. The Board hereby finds and determines as follows:

Verano Center Community Development District ("Center District"), Verano #1 Community Development District, Verano #3 Community Development District, Verano #4 Community Development District, and Verano #5 Community Development District (collectively, the "Other Districts," and together, with the District #2, the "Districts") are contiguous, or in close proximity to one another and encompass a portion of a mixed use development of regional impact ("Development").

Each of the Districts is a local unit of special-purpose government organized and existing under and pursuant to Chapter 190, Florida Statutes, as amended of the State of Florida (the "State").

Each of the Districts is authorized under Chapter 190, Florida Statutes, to construct roads, water management and control facilities, water and wastewater systems, and other infrastructure projects to serve lands within such District.

Each of the Districts is authorized by Chapter 170, Florida Statutes, to levy special assessments to pay all or any part of the cost of such projects and, to issue special assessment bonds payable from such special assessments as provided in Chapters 190 and 170, Florida Statutes.

The Districts are being developed as a functionally interrelated community and each of the Districts was established, and the boundaries of each determined, by reference to similar or compatible land uses and development timetables.

The Board of District #2, and the Board of Supervisors of each of the Other Districts, excluding the Center District ("Respective Boards"), have approved the Master Engineer's Report for Public Infrastructure dated March 05, 2015 (as amended and supplemented from time to time, the "Master Engineer's Report"), prepared by AECOM Technical Services, Inc. ("District Engineer"), which Master Engineer's Report describes the "Public Infrastructure" that has been planned and sized to serve the property within the boundaries of the Districts (excluding the Center District, which is served by a prior project of the Districts and the Center District) through the anticipated build-out of the Development and the total estimated cost thereof.

The Board of District #2 and the Respective Boards of the Other Districts, excluding the Center District, have approved the Master Assessment Methodology Report for Public Infrastructure for the Verano Community Development Districts, dated March 05, 2015 (as amended and supplemented from time to time, the "Master Methodology Report"), prepared by Governmental Management Services, South Florida, LLC ("Methodology Consultant"), and such Master Methodology Report allocates to the real property within each of the Districts specially benefited thereby, on a proportionate basis, the total estimated cost of the Public Infrastructure reflected in the Master Engineer's Report, plus related fmancing costs, capitalized interest, a debt service reserve and contingency ("Total Public Infrastructure Cost").

By Resolution No. 2015-04 adopted April 9, 2015, the Board of District #2 (i) authorized and approved the Public Infrastructure as described in the Master Engineer's Report, (ii) determined the total estimated cost of the Public Infrastructure to be as set forth in the Master Methodology Report, (iii) approved and confirmed the assessment methodology and assessment roll for the collection of special assessments to pay the cost of the Public Infrastructure, (iv) equalized and levied special assessments for Public Infrastructure on all assessable lands lying within District #2 as of the date of such Resolution, and (v) confirmed District #2' s intent to collect such special assessments by the method provided in Chapters 170 and 197, Florida Statutes.

By Ordinance No. 20-13, enacted February 24, 2020, the City Council of the City of Port St. Lucie, a Florida municipal corporation, has expanded the boundaries of District #2 to include approximately 2.876 acres ("Murphy Parcel") into the Development and the Districts.

The Board of District #2 has determined to provide a portion of the Public Infrastructure necessary for the development of the "2020 Projects," including the Pod C-2020 Project that will specially benefit the Murphy Parcel.

By Joint Resolution No. 2020-02 adopted January 30, 2020, the Board of District #2 and the Respective Boards of the Other Districts (i) authorized the issuance of its Special Assessment Bonds, Series 2020 (District #2 Pod C-2020 Project), its Special Assessment Bonds, Series 2020 (District #2 Pod D Project), and its Special Assessment Bonds, Series 2020 (District #2 Pod E Project) (collectively, the "Series 2020 Bonds"), to finance the cost of the 2020 Projects that will benefit the "2020 District #2 Project Areas," including the Murphy Parcel, and (ii) authorized revisions and supplements to the Master Engineer's Report and Master Methodology Report to conform such reports, among other matters, to the 2020 Projects.

The District Engineer has prepared that certain Supplemental Engineer's Report for the Pod C-2020 Project, the Pod D Project, and the Pod E Project, dated January 30, 2020, and such 2020 Projects describe Public Infrastructure benefitting the 2020 District #2 Project Areas, including the Murphy Parcel.

The Methodology Consultant has prepared that certain Third Supplemental Assessment Methodology relating to the financing of the 2020 Projects, dated February 26, 2020, which allocates benefits and special assessments respecting the 2020 Projects on all assessable lands within the 2020 District #2 Project Areas, including the Murphy Parcel.

The Public Infrastructure improvements are set forth in the Master Engineer's Report, as amended and supplemented, and in plans and specifications available for review at the offices of the District Manager, 5385 N. Nob Hill Rd., Sumise, Florida 33351, and at the Districts' records office at 2160 NW Reserve Park Trace, Port St. Lucie FL 34986.

The Board has determined that District #2 shall defray its proportionate share of the Total Public Infrastructure Cost with respect to the Murphy Parcel by the levy of non-ad valorem assessments in the manner set forth in the Master Methodology Report, as amended and supplemented ("Public Infrastructure Assessments").

The Public Infrastructure Assessments upon the Murphy Parcel will represent District #2's maximum share of the Total Public Infrastructure Cost for such parcel in accordance with the Master Methodology Report, as amended and supplemented ("Maximum Allocation").

District #2 and each of the Other Districts has adopted the assessment proceedings required by applicable law to impose non ad-valorem assessments on the specially benefited property within their respective boundaries in an ·amount equal to their respective maximum proportionate share of the Total Public Infrastructure Cost.

Pursuant to the Amended and Restated District Interlocal Agreement dated as of April 9, 2015 ("Interlocal Agreement"), entered into among the Districts, the Districts have among other things delegated to the Administration District and/or the Issuer (both as defined in the Interlocal Agreement), as applicable, the authority, on behalf of all of the Districts, to implement the Public Infrastructure Assessments and non-ad valorem special assessments levied by all of the Districts relating to the Public Infrastructure (collectively, the "District Assessments") by the issuance from time to time of bonds and other obligations payable from and secured by the Public Infrastructure Assessments, the District Assessments levied by the Other Districts, and/or other legally available revenue of the Districts ("Obligations").

In furtherance of the foregoing, the Interlocal Agreement delegated to the Administration District and/or the Issuer, as applicable, the authority to, among other matters, determine the portion of the Public Infrastructure Assessments and District Assessments to be collected for a specific Public Infrastructure project, the annual installments, if any, in which such sums may be collected, the prepayment provisions, discounts, collection fees, interest rates, subdivision adjustments and other matters necessary or useful to the levy and collection of the Public

Infrastructure Assessments and District Assessments, and the authority to collect, and enforce collections of, Public Infrastructure Assessments and District Assessments.

It is necessary to the public safety and welfare that (i) District #2 provide the 2020 Projects, including the Pod C-2020 Project, the nature and location of which are described in the Master Engineer's Report, (ii) the cost of such projects be assessed against the lands specially benefited by such projects, including the Murphy Parcel, and (iii) District #2 issue bonds to provide funds for such purposes pending the receipt of such special assessments.

The provision of the 2020 Projects, including the Pod C-2020 Project; the levying of such special assessments; and the sale and issuance of such bonds serve a proper, essential, and valid public purpose.

By Resolution No. 2020-03 adopted by the Board of District #2, the Board determined to provide that portion of the Public Infrastructure necessary for development of the 2020 Projects, including the Pod C-2020 Project, that will specially benefit the Murphy Parcel, and to defray the cost thereof by making special assessments on benefited property and expressed an intention to issue the bonds to provide the funds needed for such portion of the Public Infrastructure prior to the collection of such special assessments. Resolution No. 2020-03 was adopted in compliance with the requirements of Section 170.03, Florida Statutes, and prior to the time the same was adopted, the requirements of Section 170.04, Florida Statutes had been complied with.

As directed by Resolution No. 2020-03, such resolution was published as required by Section 170.05, Florida Statutes, and a copy of the publisher's affidavit of publication is on file with the Secretary of the Board of District #2.

As directed by Resolution No. 2020-03, a preliminary assessment roll was prepared and filed with the Board of District #2 as required by Section 170.06, Florida Statutes.

As required by Section 170.07, Florida Statues, upon completion of the preliminary assessment roll, the Board of District #2 adopted Resolution No. 2020-04 fixing the time and place of a public hearing at which owners of the property to be assessed and other persons interested therein may appear before the Board and be heard as to (i) the propriety and advisability of making the improvements, (ii) the cost thereof, (iii) the manner of payment therefore, and (iv) the amount thereof to be assessed against each parcel specially benefited property and providing for the mailing publication of notice of such public hearing.

Notice of such public hearing has been given by publication and by mail as required by Section 170.07, Florida Statutes, and affidavits as to such publication and mailing are on file in the office of the Secretary of the Board of District #2.

At the time and place specified in Resolution No. 2020-04 and the notice referred to in paragraph (y) above, the Board of District #2 met as an Equalization Board, conducted such public hearing and heard and considered all complaints as to the matters described in paragraph (x)

above, and based thereon, has made such modifications in the preliminary assessment roll as it deems desirable at this time.

(aa) Having considered the cost of that portion of the Public Infrastructure necessary for development of the 2020 Projects, including the Pod C-2020 Project; revised estimates of financing costs; and all complaints and evidence presented at such public hearing, the Board of Supervisors of District #2 finds and determines:

The estimated cost of such portion of the Public Infrastructure is as specified in the Assessment Methodology Report attached as Exhibit "A," including the Master Engineer's Report, and the amount of such cost is reasonable and proper.

It is reasonable, proper, just, and right to assess the cost of such projects against the properties specially benefited thereby using the methods determined by the Board of Supervisors, which will result in special assessments to be set forth on a final assessment roll to be adopted by the Board of Supervisors at the time when the final project costs, structure and interest rate on the bonds to be issued by District #2 are known.

It is hereby declared that such portion of the Public Infrastructure will constitute a special benefit to all parcels of real property to be listed on said final assessment roll and that the benefit, in the case of each such parcel, will be in excess of the special assessment thereon, and such special assessment will not exceed the debt allocation for such parcel as set forth in the Assessment Methodology Report attached as Exhibit "A."

It is desirable that the special assessments be paid and collected as provided in this Resolution.

SECTION 3. AUTHORIZATION OF DISTRICT PROJECTS. The portion of the
Public Infrastructure described in Resolution No. 2020-03, as more specifically described by the plans and specifications on file at the offices of the District Manager, 5385 N. Nob Hill Rd., Sunrise Florida 33351, and in the Master Engineer's Report, are hereby authorized and approved and the proper officers, employees, and agents of District #2 are hereby authorized and directed to take such further action as may be necessary or desirable to cause the same to be made following the issuance of the Series 2020 Bonds.

SECTION 4. ESTIMATED COST OF IMPROVEMENTS. The total estimated cost of the portion of the Public Infrastructure described in Resolution No. 2020-03 and the costs to be paid by special assessments on all specially benefited property are set forth in the Assessment Methodology Report attached as Exhibit "A."

SECTION	5.	APPROVAL	AND	CONFIRMATION	OF	ASSESSMENT
METHODOLOGY. The special assessment methodology set forth in the preliminary assessment roll previously adopted by this Board is hereby approved and confirmed. The special assessment or assessments against each respective parcel to be shown on such final assessment roll and interest and penalties thereon, as hereafter provide, shall be and shall remain a legal, valid and binding first lien

on such parcel until paid; such lien shall be coequal with the lien of all state, county, district, municipal, or other governmental taxes and superior in dignity to all other liens, titles, and claims.

SECTION 6. FINALIZATION OF SPECIAL ASSESSMENTS. When all of the projects have both been constructed or otherwise provided to the satisfaction of the Board, the Board shall adopt a resolution accepting the same and determining the actual costs (including financing costs) thereof, as required by Section 170.08 and 170.09, Florida Statutes. District #2 shall credit to each special assessment for projects the difference between the special assessment as hereby made, approved and confirmed and the proportionate part of the actual costs of the projects, as finally determined upon completion thereof, but in no event shall the final amount of any such special assessment exceed the amount of benefits originally assessed hereunder. In making such credits no discount shall be granted or credit given for any part of the payee's proportionate share of any actual bond financing costs, such as capitalized interest, funded reserves or bond discount included in the estimated cost of any such improvements. Such credits shall be entered in the Improvement Lien Book. Once the final amount of special assessments for all of the Improvements have been determined, the term "special assessment" shall, with respect to each parcel, mean the sum of the costs of the projects.

SECTION7. PAYMENTANDPREPAYMENTOFNON-ADVALOREMSPECIAL ASSESSMENTS AND METHOD OF COLLECTION.

All non-ad valorem special assessments shall be payable in no more than thirty (30) annual installments which shall include interest, calculated in accordance with the Master Methodology Report attached as Exhibit "A" and incorporated herein by this reference. All special assessments collected utilizing the uniform method of collection shall be the amount determined in the first sentence of this paragraph divided by 1 minus the sum of the percentage cost of collection (currently four percent (4%)), necessary administrative costs (to be determined), and the maximum allowable discount for the early payment of taxes (currently four percent (4%)).

District #2 hereby elects, under its charter and Section 197.3631, Florida Statues, to use the method of collecting special assessments authorized by Sections 197.3632 and 197.3635, Florida Statutes. District #2 has heretofore timely taken, or will timely take, all necessary actions to comply with the provisions of said Sections 197.3632 and 197.3635, Florida Statutes, and applicable rules adopted pursuant thereto; and in compliance therewith the Verano Center Community Development District, for itself and on behalf of all of the Districts, including District #2, has entered into a written agreement with the Property Appraiser and Tax Collector of St. Lucie County. Such non-ad valorem special assessments shall be subject to all the collection provisions of Chapter 197, Florida Statutes.

Notwithstanding the foregoing, District #2 reserves the right under Section 197.3631, Florida Statutes, to collect its non-ad valorem special assessments pursuant to Chapter 170, Florida Statutes, and to foreclose its non-ad valorem special assessment liens as provided for by law.

All special assessments may be prepaid, in whole at any time, or in part one time by payment of an amount equal to the principal amount of such prepayment plus interest accrued at the

interest rate on the bonds to which such special assessments are pledged to the first interest payment date which is more than forty-five (45) days prior to the date of such prepayment. All special assessments are also subject to prepayment in the amounts and at the times set forth in Chapter 170, Florida Statutes; provided, however, that the owner ofland subject to the Special Assessments may elect to waive such statutory right of prepayment. That portion of the special assessments representing the "debt reduction payment" described in Section 3.0 of the Assessment Methodology Report shall become due and payable upon filing of the plat giving rise to such "debt reduction payment."

SECTION 8. SEVERABILITY. If any section or part of a section of this Resolution be declared invalid or unconstitutional, the validity, force, and effect of any other section or part of a section of this resolution shall not thereby be affected or impaired unless it clearly appears that such other section or pati of a section of this resolution is wholly or necessarily dependent upon the section or part of a section so held to be invalid or unconstitutional.

SECTION 9. CONFLICTS. All resolutions or parts thereofin conflict with this Resolution are, to the extent of such conflict, superseded and repealed.

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

APPROVED AND ADOPTED this 2ist day of May, 2020.

VERANO#2
COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairman/Vice Chairman

Exhibit "A" Assessment Methodology Report

RESOLUTION 2020 06
A RESOLUTION OF THE VERANO #2 COMMUNITY DEVELOPMENT DISTRICT APPROVING THE DISTRICT'S PROPOSED BUDGET FOR FISCAL YEAR 2021 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW
WHEREAS, the District Manager has prepared the proposed budget for the Fiscal Year 2O21;and
WHEREAS, the Board of Supervisors approves the proposed budget for purpose of submitting said budget to the local governing authorities not less than 60 days prior to the public hearing date in accordance with Chapter 190.00S(b), Florida Statutes: and
WHEREAS, the Board of Supervisors desires to set the public hearing date;

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE VERANO #2 COMMUNITY DEVELOPMENT DISTRICT:
The proposed budget for Fiscal Year 2021 is hereby approved for the purpose of conducting a public hearing to adopt said budget.
A public hearing on said approved budget is hereby declared and set for the following date,  hour and place:

Date:	 Hour:	 Place:   	

Notice of public hearing shall be published in accordance with Florida Law.

Adopted  on this  	

day of  	

2020

ChairmanNice Chairman

Secretary/Assistant Secretary

Proposed Budget
Fiscal Year 2021

Verano #2 Community Development District

May 21, 2020

Verano #2
Community Development District	General Fund

	Adopted Budget	Actual Thru	Projected Next	Total Projected	Proposed Budget	
Description	FY 2020	4/30/2020	5 Months	9/30/2020	FY 2021	

Revenues						
Developer Assessment	$0	$0	$0	$0	$0	
TOTAL REVENUES	$0	$0	$0	$0	$0	

Expenditures						
Administrative						
Annual Audit	$3,575	$3,435	$0	$3,435	$5,000	
Arbitrage	$600	$0	$600	$600	$6,600	
Trustee Fees	$9,150	$0	$9,150	$9,150	$19,150	
Dissemination Agent	$2,500	$2,458	$42	$2,500	$2,500	
Management Fees	$16,000	$9,333	$6,667	$16,000	$16,000	
Other Current Charges	$550	$258	$292	$550	$550	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
Website Compliance	$750	$438	$313	$750	$750	
TOTAL ADMINISTRATIVE	$33,300	$16,097	$17,063	$33,160	$50,725	

Pod C Specific Expenses:						
Field Maintenance
Field & Amenity Management	

$24,000	

$0	

$24,000	

$24,000	

$24,000	
Electric	$24,000	$2,330	$5,000	$7,330	$24,000	
Lake Maintenance	$24,000	$0	$24,000	$24,000	$24,000	
Midge Control	$8,000	$0	$8,000	$8,000	$8,000	
Insurance	$8,885	$0	$8,885	$8,885	$8,885	
Landscape Maintenance	$132,000	$11,935	$120,065	$132,000	$132,000	
Entry & Walls Maintenance	$4,000	$0	$4,000	$4,000	$4,000	
Plant Replacement	$12,000	$0	$12,000	$12,000	$12,000	
Irrigation Maintenance	$12,000	$0	$12,000	$12,000	$12,000	
Street Sweeping	$2,370	$2,700	$3,000	$5,700	$7,800	
Contingency	$6,857	$300	$6,557	$6,857	$1,427	
TOTAL FIELD MAINTENANCE	$258,112	$17,265	$227,507	$244,772	$258,112	

Amenit'L. Center Maintenance						
Clubhouse Maintenance	$32,000	$0	$32,000	$32,000	$32,000	
Insurance	$24,000	$0	$24,000	$24,000	$24,000	
Pool Maintenance	$20,000	$0	$20,000	$20,000	$20,000	
Water Utility Services	$6,000	$0	$6,000	$6,000	$6,000	
Electric Utility Services	$30,000	$0	$30,000	$30,000	$30,000	
Janitoral Services/Supplies	$24,000	$0	$24,000	$24,000	$24,000	
Telephone/Internet	$3,600	$0	$3,600	$3,600	$3,600	
Trash Collection	$5,000	$0	$5,000	$5,000	$5,000	
Contingency	$6,857	$0	$6,857	$6,857	$6,857	
TOTAL AMENITY CENTER MAINTENANCE	$151,457	$0	$151,457	$151,457	$151,457	
						
TOTAL EXPENDITURES	$442,869	$33,362	$396,027	$429,389	$460,294	

Verano #2		
Community Development District					General Fund	

Description	Adopted
Budget FY 2020	Actual
Thru 4/30/2020	Projected Next
5 Months	Total Projected
9/30/2020	Proposed
Budget FY 2021	

Other Financing_ Sources/(Uses)						
Intergovernmental Transfer( 1 )	$442,869	$33,300	$409,569	$442,869	$460,294	
Total Other Financing Sources/(Uses)	$442,869	$33,300	$409,569	$442,869	$460,294	
						
NET CHANGE IN FUND BALANCE	$0	($62)	$13,542	$13,480	$0	

1 ) Transfers received from Verano #5						

(

Description	All Areas	Pod C Specific	Total	
40' Sinale Familv	$136.70	$1,042.58	$1,179.28	
50' Sinqle Family	$157.21	$1,042.58	$1,199.79	
60' Sinale Family	$181.81	$1,042.58	$0.00	
Manor/Duplex	$121.66	$1,042.58	$0.00	

Pod C specific asessments	
Net Discount& Collections 8% Gross Assessment
Units
Per Unit (gross)	$409,568.92
-$35,614.69	
	$445,183.61	
	427
$1,042.58	

VERAN0#2
Community Development District

REVENUES:

Developer Assessments/ Intergovernmental Transfer
The District will levy a non-ad valorem maintenance assessment on the developable property within the District to fund the operating budget. The District will receive fund transfers from Verano #5 COD for General Operating Expenditures.

EXPENDITURES:

Administrative:

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. Per Section 218.39 of the Florida Statues, each special district with total revenues or expenditures in excess of
$100,000 OR any special district with revenue or expenses between $50,000 and $100,000 that has not been subject to a financial audit in the 2 preceding fiscal years must perform an independent annual audit.

Arbitrage Rebate Calculation
The District is required to annually have an arbitrage rebate calculation on the Verano #2 District's Series 2017A and Series 2020 Special Assessment Bonds. The Verano #2 has contracted with an independent certified public accounting firm to calculate the rebate liability and submit a report to the District.

Trustee Fees
The District issued Series 2017A and Series 2020 Community Infrastructure Special Assessment Revenue Bonds which are held with a Trustee at US Bank. The amount of the trustee fees budgeted is based on the agreement between US Bank and the Verano #2 District.

Dissemination Agent
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC.

Other Current Charges
Bank charges and any other miscellaneous expenses that incurred during the year.

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

Website Compliance
Per Section 189.069 F. S, all Districts must have a website by October 1, 2015 to provide detailed information on the COD  as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated as required by the Statute.

Field Maintenance

Field & Amenity Management
Cost for field and amenity management.

Electric
The District pays FPL for entry wall and irrigation pump.

Lake Maintenance
Costs to maintain the district's lakes.

Midge Control
Costs for midge control of district's lakes.

VERAN0#2
Community Development District

Field Maintenance (continued)

Insurance
Costs for property insurance.

Landscape Maintenance
The district contracted with 2 companies to service the common area of Cross Town.  Impact Landscaping  & Irrigation LLC and NativeGreen Pest Control.

Entry & Walls Maintenance
Costs to maintain walls of the district.

Plant Replacement
Costs to replace plants of the common area Cross Town.

Irrigation Maintenance
Costs to maintain the irrigation system.

Street Sweeping
The district contracted Facilities Pro Sweep to sweep the road in Cross Town.

Contingency
To cover any other costs not mentioned.

Amenity Center Maintenance

Clubhouse Maintenance
Cost to maintain the clubhouse.

Insurance
Costs for Amenity Center insurance.

Pool Maintenance
Costs to maintain the community pool.

Water Utility Services
Costs for water utilities.

Electric Utility Services
Costs for electric for Amenity Center.

Janitorial Services/Supplies
Costs for cleaning the Amenity Center.

Telephone/Internet
Costs for phone and internet at the Amenity Center.

Trash Collection
Costs to collect the trash at Amenity Center.

Contingency
To cover any other costs not mentioned.

Verano #2	Debt Service Fund
Community Development District	Series 2017 Special Assessment Bonds

	Proposed Budget	Actual Thru	Projected Next	Total Projected	Proposed Budget	
Description	FY 2020	4/30/2020	5 Months	9/30/2020	FY 2021	

Revenues						

$98,913	$87,010	$4,329	$91,339	$407,463	
$375,096	$192,600	$152,488	$345,088	$107,778	
$336,561	$136,563	$173,057	$309,620	$184,460	
$365,219	$107,312	$169,269	$276,581	$338,001	
$0	$878,676	$0	$878,676	$0	
$0	$9,275	$5,000	$14,275	$5,000	
$727,301	$666,518	$0	$666,518	$753,545	
$1,903,091	$2,077,955	$504,143	$2,582,098	$1,796,247	

$126,172	

$126,172	

$0	

$126,172	

$124,541	
$90,000	$90,000	$0	$90,000	$95,000	
$124,541	$0	$124,541	$124,541	$122,819	

$99,538	
$99,538	
$0	
$99,538	
$98,269	
$70,000	$70,000	$0	$70,000	$75,000	
$98,269	$0	$98,269	$98,269	$96,909	

$155,313	
$155,313	
$0	
$155,313	
$133,278	
$105,000	$105,000	$0	$105,000	$95,000	
$0	$350,000	$465,000	$815,000	$0	
$153,344	$0	$144,722	$144,722	$131,497	
$1,022,175	$996,022	$832,531	$1,828,553	$972,313	
					
$880,916	$1,081,933	($328,389)	$753,545	$823,935	

Special Assessments - On Tax Roll Special Assessments - Direct Pod A Special Assessments - Direct Pod B Special Assessments - Direct Pod C
Special Assessments - Prepayments Pod C Interest Income
Carry Forward Surplus(  1 )

TOTAL REVENUES

Expenditures

Series 2017 - Pod A Interest - 11/01 Principal - 11/01 Interest - 05/01

Series 2017 - Pod B Interest - 11/01 Principal - 11/01 Interest - 05/01

Series 2017 - Pod C Interest - 11/01 Principal - 11/01 Special Call - 02/01 Interest - 05/01

TOTAL EXPENDITURES

EXCESS REVENUES/EXPENDITURES

Pod A Principal - 11/1/21	$95,000	
Interest- 11/1/21	$122,819	
Pod B Principal - 11/1/21	$75,000	
Interest- 11/1/21	$96,909	
Pod C Principal - 11/1/21	$95,000	
lnterest-11/1/21	 	$131,497	
	$616,225	

( 1 ) Carry forward surplus is net of the reserve requirement

Verano #2
Community Development District

Debt Service Fund
Series 2017 Special Assessment Bonds

 	AssessmentsTable	

2017 Bonds Pod A - On Tax Roll
Units (Debt)
SF 40's	23
SF 50's	61

Gross Debt
$1,176.09
$1,353.26

Total Debi
$27,050.07
$82,548.86

SF 60's	89		$1,564.13	$139,207.57	
Total	173		$248,806.50 gross	
		($19,904.52) 8% discount/commission	
		$228,901.98 net	

2017 Bonds Pod A - Direct Assessment
Units (Debi)
SF 40's	2
SF 50's	49
SF 60's	31	
Total	82

Gross Debt
$1,176.09
$1,353.26
$1,564.13

Total Debt
$2,352.18
$66,309.74
$48,488.03
$117,149.95 gross
($9,372.00) 8% discount/commission
$107,777.95 net

2017 Bonds Pod B - On Tax Roll

	Units (Debt)	Gross Debi	Total Debt	
SF 40's	0	$0.00	$0.00	
SF 50's	81	$1,175.00	$95,175.00	
 SF 60's		 	0		 	$0.00 	 	$0.00 	
Total	81		$95,175.00 gross
($7,614.00) 8% discount/commission
$87,561.00 net	

2017 Bonds Pod B - Direct Assessment

	Units (Debi)	Gross Debt	Total Debt	
SF 40's	45	$1,021.74	$45,978.30	
SF 50's	30	$1,175.00	$35,250.00	
SF 60's	61	$1,358.70	$82,880.70	
Duplex	 	40		 	$909.78 	$36,391.20	
Total	176		$200,500.20 gross	
			($16,040.02) 8% discount/commission
$184,460.18 net	

2017 Bonds Pod C - On Tax Roll

	Units (Debt)	Gross Debt	Total Debt	
SF 40's	46	$1,086.96	$50,000.16	
SF 50's	45	$1,086.96	$48,913.20	
 SF 60's		 	0		 	$0.00 	 	$0.00 	
Total	91		$98,913.36 gross
($7,913.07) 8% discount/commission
$91,000.29 net	

2017 Bonds Pod C - Direct Assessment

	Units (Debt)	Gross Debt	Total Debt	
SF 40's	157	$1,086.96	$170,652.72	
SF 50's	181	$1,086.96	$196,739.76	
  SF 60's		 	0		 	$0.00 	 	$0.00 	
Total	338		$367,392.48 gross	
		
Page 6	($29,391.40) 8% discount/commission
$338,001.08 net	

VERANO #2
Community Development District		AMORTIZATION SCHEDULE Series 2017 Pod A Special Assessment Bonds

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	
11/01/20	$5,260,000.00	$95,000.00	$124,540.63	$219,540.63	
05/01/21	$5,165,000.00	$0.00	$122,818.75	$122,818.75	
11/01/21	$5,165,000.00	$95,000.00	$122,818.75	$217,818.75	
05/01/22	$5,070,000.00	$0.00	$121,096.88	$121,096.88	
11/01/22	$5,070,000.00	$100,000.00	$121,096.88	$221,096.88	
05/01/23	$4,970,000.00	$0.00	$119,284.38	$119,284.38	
11/01/23	$4,970,000.00	$105,000.00	$119,284.38	$224,284.38	
05/01/24	$4,865,000.00	$0.00	$117,381.25	$117,381.25	
11/01/24	$4,865,000.00	$110,000.00	$117,381.25	$227,381.25	
05/01/25	$4,755,000.00	$0.00	$115,043.75	$115,043.75	
11/01/25	$4,755,000.00	$115,000.00	$115,043.75	$230,043.75	
05/01/26	$4,640,000.00	$0.00	$112,600.00	$112,600.00	
11/01/26	$4,640,000.00	$115,000.00	$112,600.00	$227,600.00	
05/01/27	$4,525,000.00	$0.00	$110,156.25	$110,156.25	
11/01/27	$4,525,000.00	$120,000.00	$110,156.25	$230,156.25	
05/01/28	$4,405,000.00	$0.00	$107,606.25	$107,606.25	
11/01/28	$4,405,000.00	$125,000.00	$107,606.25	$232,606.25	
05/01/29	$4,280,000.00	$0.00	$104,950.00	$104,950.00	
11/01/29	$4,280,000.00	$130,000.00	$104,950.00	$234,950.00	
05/01/30	$4,150,000.00	$0.00	$101,862.50	$101,862.50	
11/01/30	$4,150,000.00	$140,000.00	$101,862.50	$241,862.50	
05/01/31	$4,010,000.00	$0.00	$98,537.50	$98,537.50	
11/01/31	$4,010,000.00	$145,000.00	$98,537.50	$243,537.50	
05/01/32	$3,865,000.00	$0.00	$95,093.75	$95,093.75	
11/01/32	$3,865,000.00	$150,000.00	$95,093.75	$245,093.75	
05/01/33	$3,715,000.00	$0.00	$91,531.25	$91,531.25	
11/01/33	$3,715,000.00	$160,000.00	$91,531.25	$251,531.25	
05/01/34	$3,555,000.00	$0.00	$87,731.25	$87,731.25	
11/01/34	$3,555,000.00	$165,000.00	$87,731.25	$252,731.25	
05/01/35	$3,390,000.00	$0.00	$83,812.50	$83,812.50	
11/01/35	$3,390,000.00	$175,000.00	$83,812.50	$258,812.50	
05/01/36	$3,215,000.00	$0.00	$79,656.25	$79,656.25	
11/01/36	$3,215,000.00	$185,000.00	$79,656.25	$264,656.25	
05/01/37	$3,030,000.00	$0.00	$75,262.50	$75,262.50	
11/01/37	$3,030,000.00	$190,000.00	$75,262.50	$265,262.50	
05/01/38	$2,840,000.00	$0.00	$70,750.00	$70,750.00	
11/01/38	$2,840,000.00	$200,000.00	$70,750.00	$270,750.00	
05/01/39	$2,640,000.00	$0.00	$66,000.00	$66,000.00	
11/01/39	$2,640,000.00	$210,000.00	$66,000.00	$276,000.00	
05/01/40	$2,430,000.00	$0.00	$60,750.00	$60,750.00	
11/01/40	$2,430,000.00	$220,000.00	$60,750.00	$280,750.00	
05/01/41	$2,210,000.00	$0.00	$55,250.00	$55,250.00	
11/01/41	$2,210,000.00	$230,000.00	$55,250.00	$285,250.00	
05/01/42	$1,980,000.00	$0.00	$49,500.00	$49,500.00	
11/01/42	$1,980,000.00	$245,000.00	$49,500.00	$294,500.00	
05/01/43	$1,735,000.00	$0.00	$43,375.00	$43,375.00	
11/01/43	$1,735,000.00	$255,000.00	$43,375.00	$298,375.00	
05/01/44	$1,480,000.00	$0.00	$37,000.00	$37,000.00	
11/01/44	$1,480,000.00	$270,000.00	$37,000.00	$307,000.00	
05/01/45	$1,210,000.00	$0.00	$30,250.00	$30,250.00	
11/01/45	$1,210,000.00	$280,000.00	$30,250.00	$310,250.00	
05/01/46	$930,000.00	$0.00	$23,250.00	$23,250.00	
11/01/46	$930,000.00	$295,000.00	$23,250.00	$318,250.00	
05/01/47	$635,000.00	$0.00	$15,875.00	$15,875.00	
11/01/47	$635,000.00	$310,000.00	$15,875.00	$325,875.00	
05/01/48	$325,000.00	$0.00	$8,125.00	$8,125.00	
11/01/48	$325,000.00	$325,000.00	$8,125.00	$333,125.00	
 	TOTAL	$5,260,000.00	$4,533,640.63	$9,793,640.63 f	

VERANO #2
Community Development District		AMORTIZATION SCHEDULE Series 2017 Pod B Special Assessment Bonds

DATE
11/01/20	BALANCE
$4,150,000.00	PRINCIPAL
$75,000.00	INTEREST
$98,268.75	TOTAL
$173,268.75	
05/01/21	$4,075,000.00	$0.00	$96,909.38	$96,909.38	
11/01/21	$4,075,000.00	$75,000.00	$96,909.38	$171,909.38	
05/01/22	$4,000,000.00	$0.00	$95,550.00	$95,550.00	
11/01/22	$4,000,000.00	$80,000.00	$95,550.00	$175,550.00	
05/01/23	$3,920,000.00	$0.00	$94,100.00	$94,100.00	
11/01/23	$3,920,000.00	$80,000.00	$94,100.00	$174,100.00	
05/01/24	$3,840,000.00	$0.00	$92,650.00	$92,650.00	
11/01/24	$3,840,000.00	$85,000.00	$92,650.00	$177,650.00	
05/01/25	$3,755,000.00	$0.00	$90,843.75	$90,843.75	
11/01/25	$3,755,000.00	$90,000.00	$90,843.75	$180,843.75	
05/01/26	$3,665,000.00	$0.00	$88,931.25	$88,931.25	
11/01/26	$3,665,000.00	$90,000.00	$88,931.25	$178,931.25	
05/01/27	$3,575,000.00	$0.00	$87,018.75	$87,018.75	
11/01/27	$3,575,000.00	$95,000.00	$87,018.75	$182,018.75	
05/01/28	$3,480,000.00	$0.00	$85,000.00	$85,000.00	
11/01/28	$3,480,000.00	$100,000.00	$85,000.00	$185,000.00	
05/01/29	$3,380,000.00	$0.00	$82,875.00	$82,875.00	
11/01/29	$3,380,000.00	$105,000.00	$82,875.00	$187,875.00	
05/01/30	$3,275,000.00	$0.00	$80,381.25	$80,381.25	
11/01/30	$3,275,000.00	$110,000.00	$80,381.25	$190,381.25	
05/01/31	$3,165,000.00	$0.00	$77,768.75	$77,768.75	
11/01/31	$3,165,000.00	$115,000.00	$77,768.75	$192,768.75	
05/01/32	$3,050,000.00	$0.00	$75,037.50	$75,037.50	
11/01/32	$3,050,000.00	$120,000.00	$75,037.50	$195,037.50	
05/01/33	$2,930,000.00	$0.00	$72,187.50	$72,187.50	
11/01/33	$2,930,000.00	$125,000.00	$72,187.50	$197,187.50	
05/01/34	$2,805,000.00	$0.00	$69,218.75	$69,218.75	
11/01/34	$2,805,000.00	$130,000.00	$69,218.75	$199,218.75	
05/01/35	$2,675,000.00	$0.00	$66,131.25	$66,131.25	
11/01/35	$2,675,000.00	$140,000.00	$66,131.25	$206,131.25	
05/01/36	$2,535,000.00	$0.00	$62,806.25	$62,806.25	
11/01/36	$2,535,000.00	$145,000.00	$62,806.25	$207,806.25	
05/01/37	$2,390,000.00	$0.00	$59,362.50	$59,362.50	
11/01/37	$2,390,000.00	$150,000.00	$59,362.50	$209,362.50	
05/01/38	$2,240,000.00	$0.00	$55,800.00	$55,800.00	
11/01/38	$2,240,000.00	$160,000.00	$55,800.00	$215,800.00	
05/01/39	$2,080,000.00	$0.00	$52,000.00	$52,000.00	
11/01/39	$2,080,000.00	$165,000.00	$52,000.00	$217,000.00	
05/01/40	$1,915,000.00	$0.00	$47,875.00	$47,875.00	
11/01/40	$1,915,000.00	$175,000.00	$47,875.00	$222,875.00	
05/01/41	$1,740,000.00	$0.00	$43,500.00	$43,500.00	
11/01/41	$1,740,000.00	$185,000.00	$43,500.00	$228,500.00	
05/01/42	$1,555,000.00	$0.00	$38,875.00	$38,875.00	
11/01/42	$1,555,000.00	$190,000.00	$38,875.00	$228,875.00	
05/01/43	$1,365,000.00	$0.00	$34,125.00	$34,125.00	
11/01/43	$1,365,000.00	$200,000.00	$34,125.00	$234,125.00	
05/01/44	$1,165,000.00	$0.00	$29,125.00	$29,125.00	
11/01/44	$1,165,000.00	$210,000.00	$29,125.00	$239,125.00	
05/01/45	$955,000.00	$0.00	$23,875.00	$23,875.00	
11/01/45	$955,000.00	$220,000.00	$23,875.00	$243,875.00	
05/01/46	$735,000.00	$0.00	$18,375.00	$18,375.00	
11/01/46	$735,000.00	$235,000.00	$18,375.00	$253,375.00	
05/01/47	$500,000.00	$0.00	$12,500.00	$12,500.00	
11/01/47	$500,000.00	$245,000.00	$12,500.00	$257,500.00	
05/01/48	$255,000.00	$0.00	$6,375.00	$6,375.00	
11/01/48
 	TOTAL		$255,000.00	$255,000.00
$4,150,000.00	$6,375.00
$3,576,662.50	$261,375.00
$7,726,662.50	

1

VERANO #2
Community Development District		AMORTIZATION SCHEDULE Series 2017 Pod C Special Assessment Bonds

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	
11/01/20	$5,420,000.00	$95,000.00	$133,278.13	$228,278.13	
05/01/21	$5,325,000.00	$0.00	$131,496.88	$131,496.88	
11/01/21	$5,325,000.00	$95,000.00	$131,496.88	$226,496.88	
05/01/22	$5,230,000.00	$0.00	$129,715.63	$129,715.63	
11/01/22	$5,230,000.00	$100,000.00	$129,715.63	$229,715.63	
05/01/23	$5,130,000.00	$0.00	$127,840.63	$127,840.63	
11/01/23	$5,130,000.00	$105,000.00	$127,840.63	$232,840.63	
05/01/24	$5,025,000.00	$0.00	$125,871.88	$125,871.88	
11/01/24	$5,025,000.00	$110,000.00	$125,871.88	$235,871.88	
05/01/25	$4,915,000.00	$0.00	$123,396.88	$123,396.88	
11/01/25	$4,915,000.00	$110,000.00	$123,396.88	$233,396.88	
05/01/26	$4,805,000.00	$0.00	$120,921.88	$120,921.88	
11/01/26	$4,805,000.00	$115,000.00	$120,921.88	$235,921.88	
05/01/27	$4,690,000.00	$0.00	$118,334.38	$118,334.38	
11/01/27	$4,690,000.00	$125,000.00	$118,334.38	$243,334.38	
05/01/28	$4,565,000.00	$0.00	$115,521.88	$115,521.88	
11/01/28	$4,565,000.00	$130,000.00	$115,521.88	$245,521.88	
05/01/29	$4,435,000.00	$0.00	$112,596.88	$112,596.88	
11/01/29	$4,435,000.00	$135,000.00	$112,596.88	$247,596.88	
05/01/30	$4,300,000.00	$0.00	$109,221.88	$109,221.88	
11/01/30	$4,300,000.00	$140,000.00	$109,221.88	$249,221.88	
05/01/31	$4,160,000.00	$0.00	$105,721.88	$105,721.88	
11/01/31	$4,160,000.00	$150,000.00	$105,721.88	$255,721.88	
05/01/32	$4,010,000.00	$0.00	$101,971.88	$101,971.88	
11/01/32	$4,010,000.00	$155,000.00	$101,971.88	$256,971.88	
05/01/33	$3,855,000.00	$0.00	$98,096.88	$98,096.88	
11/01/33	$3,855,000.00	$160,000.00	$98,096.88	$258,096.88	
05/01/34	$3,695,000.00	$0.00	$94,096.88	$94,096.88	
11/01/34	$3,695,000.00	$170,000.00	$94,096.88	$264,096.88	
05/01/35	$3,525,000.00	$0.00	$89,846.88	$89,846.88	
11/01/35	$3,525,000.00	$180,000.00	$89,846.88	$269,846.88	
05/01/36	$3,345,000.00	$0.00	$85,346.88	$85,346.88	
11/01/36	$3,345,000.00	$190,000.00	$85,346.88	$275,346.88	
05/01/37	$3,155,000.00	$0.00	$80,596.88	$80,596.88	
11/01/37	$3,155,000.00	$195,000.00	$80,596.88	$275,596.88	
05/01/38	$2,960,000.00	$0.00	$75,721.88	$75,721.88	
11/01/38	$2,960,000.00	$205,000.00	$75,721.88	$280,721.88	
05/01/39	$2,755,000.00	$0.00	$70,596.88	$70,596.88	
11/01/39	$2,755,000.00	$215,000.00	$70,596.88	$285,596.88	
05/01/40	$2,540,000.00	$0.00	$65,087.50	$65,087.50	
11/01/40	$2,540,000.00	$230,000.00	$65,087.50	$295,087.50	
05/01/41	$2,310,000.00	$0.00	$59,193.75	$59,193.75	
11/01/41	$2,310,000.00	$240,000.00	$59,193.75	$299,193.75	
05/01/42	$2,070,000.00	$0.00	$53,043.75	$53,043.75	
11/01/42	$2,070,000.00	$255,000.00	$53,043.75	$308,043.75	
05/01/43	$1,815,000.00	$0.00	$46,509.38	$46,509.38	
11/01/43	$1,815,000.00	$265,000.00	$46,509.38	$311,509.38	
05/01/44	$1,550,000.00	$0.00	$39,718.75	$39,718.75	
11/01/44	$1,550,000.00	$280,000.00	$39,718.75	$319,718.75	
05/01/45	$1,270,000.00	$0.00	$32,543.75	$32,543.75	
11/01/45	$1,270,000.00	$295,000.00	$32,543.75	$327,543.75	
05/01/46	$975,000.00	$0.00	$24,984.38	$24,984.38	
11/01/46	$975,000.00	$310,000.00	$24,984.38	$334,984.38	
05/01/47	$665,000.00	$0.00	$17,040.63	$17,040.63	
11/01/47	$665,000.00	$325,000.00	$17,040.63	$342,040.63	
05/01/48	$340,000.00	$0.00	$8,712.50	$8,712.50	
11/01/48
 	TOTAL		$340,000.00	$340,000.00
$5,420,000.00	$8,712.50
$4,860,778.13	$348,712.50
$10,280,778.13	

I

Verano #2	Debt Service Fund
Community Development District	Series 2020 Special  Assessment Bonds

	Proposed Budget	Actual Thru	Projected Next	Total Projected	Proposed Budget	
Description	FY 2020	4/30/2020	5 Months	9/30/2020	FY 2021	

Revenues						
Special Assessments - Direct Pod C	$0	$0	$0	$0	$198,124	
Special Assessments - Direct Pod D	$0	$0	$0	$0	$260,274	
Special Assessments - Direct Pod E	$0	$0	$0	$0	$183,718	
Interest Income	$0	$110	$100	$210	$500	
Carry Forward Surplus( 1 )	$0	$0	$0	$0	$655,457	
TOTAL REVENUES	$0	$110	$100	$210	$1,298,073	

Expenditures						
Series 2020 - Pod C						
Interest - 05/01	$0	$0	$0	$0	$71,119	
Principal - 05/01	$0	$0	$0	$0	$70,000	
Interest - 11/01	$0	$0	$0	$0	$70,113	
Series 2020 - Pod D						
Interest - 05/01	$0	$0	$0	$0	$93,578	
Principal - 05/01	$0	$0	$0	$0	$95,000	
Interest - 11/01	$0	$0	$0	$0	$92,213	
Series 2020 - Pod E						
Interest - 05/01	$0	$0	$0	$0	$70,556	
Principal - 05/01	$0	$0	$0	$0	$70,000	
Interest - 11/01	$0	$0	$0	$0	$69,550	
TOTAL EXPENDITURES	$0	$0	$0	$0	$702,128	
						
EXCESS REVENUES/EXPENDITURES	$0	$110	$100	$210	$595,945	

Other Financing Sources/(Uses)						
lnterfund Transfer ln/(Out)	$0	($60)	$0	($60)	$0	
Bond Proceeds	$0	$655,307	$0	$655,307	$0	
Total Other Financing Sources/(Uses)	$0	$655,247	$0	$655,247	$0	
						
NET CHANGE IN FUND BALANCE	$0	$655,357	$100	$655,457	$595,945	

Pod C Interest - 11/1/21	$70,113	
Pod D Interest- 11/1/21	$92,213	
Pod E Interest - 11/1/21	 	$69,550	
TOTAL	 	$231,875 	

( 1 ) Carry forward surplus is net of the reserve requirement

Verano #2
Community Development District

Debt Service Fund
Series 2020 Special Assessment Bonds

 	Assessments Table	

2020 Bonds Pod C - Direct Assessment

	Units (Debt)	Gross Debt	Total Debt	
SF 40's	85	$997.00	$84,745.00	
SF 50's	131	$997.00	$130,607.00	
 SF 60's		 	0		$0.00	 	$0.00 	
Total	216		$215,352.00 gross	
			($17,228.16) 8% discount/commission
$198,123.84 net	

2020 Bonds Pod D - Direct Assessment

	Units (Debi)	Gross Debt	Total Debt	
SF 40's	38	$1,082.00	$41,116.00	
SF 50's	98	$1,244.00	$121,912.00	
SF 60's	15	$1,439.00	$21,585.00	
 SF 80's		 	59		$1,666.00	$98,294.00	
Total	210		$282,907.00 gross	
			($22,632.56) 8% discount/commission
$260,274.44 net	

2020 Bonds Pod E - Direct Assessment

 		Units (Debt)	Gross Debi	Total Debt	
SF 40's	35	$837.00	$29,295.00	
SF 50's	80	$940.00	$75,200.00	
SF 60's	58	$1,081.00	$62,698.00	
Manor/Duplex	 	26		$1,250.00	$32,500.00	
Total	199		$199,693.00 gross	
			($15,975.44) 8% discounVcommission
$183,717.56 net	

VERAN0#2
Community Development District		AMORTIZATION SCHEDULE Series 2020 Pod C Special Assessment Bonds

DATE	BALANCE	PRINCIPAL	INTEREST	TOTALI	
11/01/20	$3,765,000.00	$0.00	$90,478.85	$90,478.85	
05/01/21	$3,765,000.00	$70,000.00	$71,118.75	$141,118.75	
11/01/21	$3,695,000.00	$0.00	$70,112.50	$70,112.50	
05/01/22	$3,695,000.00	$75,000.00	$70,112.50	$145,112.50	
11/01/22	$3,620,000.00	$0.00	$69,034.38	$69,034.38	
05/01/23	$3,620,000.00	$75,000.00	$69,034.38	$144,034.38	
11/01/23	$3,545,000.00	$0.00	$67,956.25	$67,956.25	
05/01/24	$3,545,000.00	$80,000.00	$67,956.25	$147,956.25	
11/01/24	$3,465,000.00	$0.00	$66,806.25	$66,806.25	
05/01/25	$3,465,000.00	$80,000.00	$66,806.25	$146,806.25	
11/01/25	$3,385,000.00	$0.00	$65,656.25	$65,656.25	
05/01/26	$3,385,000.00	$85,000.00	$65,656.25	$150,656.25	
11/01/26	$3,300,000.00	$0.00	$64,275.00	$64,275.00	
05/01/27	$3,300,000.00	$85,000.00	$64,275.00	$149,275.00	
11/01/27	$3,215,000.00	$0.00	$62,893.75	$62,893.75	
05/01/28	$3,215,000.00	$90,000.00	$62,893.75	$152,893.75	
11/01/28	$3,125,000.00	$0.00	$61,431.25	$61,431.25	
05/01/29	$3,125,000.00	$90,000.00	$61,431.25	$151,431.25	
11/01/29	$3,035,000.00	$0.00	$59,968.75	$59,968.75	
05/01/30	$3,035,000.00	$95,000.00	$59,968.75	$154,968.75	
11/01/30	$2,940,000.00	$0.00	$58,425.00	$58,425.00	
05/01/31	$2,940,000.00	$100,000.00	$58,425.00	$158,425.00	
11/01/31	$2,840,000.00	$0.00	$56,800.00	$56,800.00	
05/01/32	$2,840,000.00	$100,000.00	$56,800.00	$156,800.00	
11/01/32	$2,740,000.00	$0.00	$54,800.00	$54,800.00	
05/01/33	$2,740,000.00	$105,000.00	$54,800.00	$159,800.00	
11/01/33	$2,635,000.00	$0.00	$52,700.00	$52,700.00	
05/01/34	$2,635,000.00	$110,000.00	$52,700.00	$162,700.00	
11/01/34	$2,525,000.00	$0.00	$50,500.00	$50,500.00	
05/01/35	$2,525,000.00	$115,000.00	$50,500.00	$165,500.00	
11/01/35	$2,410,000.00	$0.00	$48,200.00	$48,200.00	
05/01/36	$2,410,000.00	$120,000.00	$48,200.00	$168,200.00	
11/01/36	$2,290,000.00	$0.00	$45,800.00	$45,800.00	
05/01/37	$2,290,000.00	$125,000.00	$45,800.00	$170,800.00	
11/01/37	$2,165,000.00	$0.00	$43,300.00	$43,300.00	
05/01/38	$2,165,000.00	$130,000.00	$43,300.00	$173,300.00	
11/01/38	$2,035,000.00	$0.00	$40,700.00	$40,700.00	
05/01/39	$2,035,000.00	$135,000.00	$40,700.00	$175,700.00	
11/01/39	$1,900,000.00	$0.00	$38,000.00	$38,000.00	
05/01/40	$1,900,000.00	$140,000.00	$38,000.00	$178,000.00	
11/01/40	$1,760,000.00	$0.00	$35,200.00	$35,200.00	
05/01/41	$1,760,000.00	$145,000.00	$35,200.00	$180,200.00	
11/01/41	$1,615,000.00	$0.00	$32,300.00	$32,300.00	
05/01/42	$1,615,000.00	$150,000.00	$32,300.00	$182,300.00	
11/01/42	$1,465,000.00	$0.00	$29,300.00	$29,300.00	
05/01/43	$1,465,000.00	$160,000.00	$29,300.00	$189,300.00	
11/01/43	$1,305,000.00	$0.00	$26,100.00	$26,100.00	
05/01/44	$1,305,000.00	$165,000.00	$26,100.00	$191,100.00	
11/01/44	$1,140,000.00	$0.00	$22,800.00	$22,800.00	
05/01/45	$1,140,000.00	$170,000.00	$22,800.00	$192,800.00	
11/01/45	$970,000.00	$0.00	$19,400.00	$19,400.00	
05/01/46	$970,000.00	$180,000.00	$19,400.00	$199,400.00	
11/01/46	$790,000.00	$0.00	$15,800.00	$15,800.00	
05/01/47	$790,000.00	$185,000.00	$15,800.00	$200,800.00	
11/01/47	$605,000.00	$0.00	$12,100.00	$12,100.00	
05/01/48	$605,000.00	$195,000.00	$12,100.00	$207,100.00	
11/01/48	$410,000.00	$0.00	$8,200.00	$8,200.00	
05/01/49	$410,000.00	$200,000.00	$8,200.00	$208,200.00	
11/01/49	$210,000.00	$0.00	$4,200.00	$4,200.00	
05/01/50	$210,000.00	$210,000.00	$4,200.00	$214,200.00	
TOTAL		$3,765,000.00	$2,727,116.35	$6,492,116.35	

VERAN0#2
Community Development District		AMORTIZATION SCHEDULE Series 2020 Pod D Special Assessment Bonds

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL!	
11/01/20	$4,955,000.00	$0.00	$119,052.17	$119,052.17	
05/01/21	$4,955,000.00	$95,000.00	$93,578.13	$188,578.13	
11/01/21	$4,860,000.00	$0.00	$92,212.50	$92,212.50	
05/01/22	$4,860,000.00	$100,000.00	$92,212.50	$192,212.50	
11/01/22	$4,760,000.00	$0.00	$90,775.00	$90,775.00	
05/01/23	$4,760,000.00	$100,000.00	$90,775.00	$190,775.00	
11/01/23	$4,660,000.00	$0.00	$89,337.50	$89,337.50	
05/01/24	$4,660,000.00	$105,000.00	$89,337.50	$194,337.50	
11/01/24	$4,555,000.00	$0.00	$87,828.13	$87,828.13	
05/01/25	$4,555,000.00	$105,000.00	$87,828.13	$192,828.13	
11/01/25	$4,450,000.00	$0.00	$86,318.75	$86,318.75	
05/01/26	$4,450,000.00	$110,000.00	$86,318.75	$196,318.75	
11/01/26	$4,340,000.00	$0.00	$84,531.25	$84,531.25	
05/01/27	$4,340,000.00	$115,000.00	$84,531.25	$199,531.25	
11/01/27	$4,225,000.00	$0.00	$82,662.50	$82,662.50	
05/01/28	$4,225,000.00	$115,000.00	$82,662.50	$197,662.50	
11/01/28	$4,110,000.00	$0.00	$80,793.75	$80,793.75	
05/01/29	$4,110,000.00	$120,000.00	$80,793.75	$200,793.75	
11/01/29	$3,990,000.00	$0.00	$78,843.75	$78,843.75	
05/01/30	$3,990,000.00	$125,000.00	$78,843.75	$203,843.75	
11/01/30	$3,865,000.00	$0.00	$76,812.50	$76,812.50	
05/01/31	$3,865,000.00	$130,000.00	$76,812.50	$206,812.50	
11/01/31	$3,735,000.00	$0.00	$74,700.00	$74,700.00	
05/01/32	$3,735,000.00	$135,000.00	$74,700.00	$209,700.00	
11/01/32	$3,600,000.00	$0.00	$72,000.00	$72,000.00	
05/01/33	$3,600,000.00	$140,000.00	$72,000.00	$212,000.00	
11/01/33	$3,460,000.00	$0.00	$69,200.00	$69,200.00	
05/01/34	$3,460,000.00	$145,000.00	$69,200.00	$214,200.00	
11/01/34	$3,315,000.00	$0.00	$66,300.00	$66,300.00	
05/01/35	$3,315,000.00	$150,000.00	$66,300.00	$216,300.00	
11/01/35	$3,165,000.00	$0.00	$63,300.00	$63,300.00	
05/01/36	$3,165,000.00	$155,000.00	$63,300.00	$218,300.00	
11/01/36	$3,010,000.00	$0.00	$60,200.00	$60,200.00	
05/01/37	$3,010,000.00	$165,000.00	$60,200.00	$225,200.00	
11/01/37	$2,845,000.00	$0.00	$56,900.00	$56,900.00	
05/01/38	$2,845,000.00	$170,000.00	$56,900.00	$226,900.00	
11/01/38	$2,675,000.00	$0.00	$53,500.00	$53,500.00	
05/01/39	$2,675,000.00	$175,000.00	$53,500.00	$228,500.00	
11/01/39	$2,500,000.00	$0.00	$50,000.00	$50,000.00	
05/01/40	$2,500,000.00	$185,000.00	$50,000.00	$235,000.00	
11/01/40	$2,315,000.00	$0.00	$46,300.00	$46,300.00	
05/01/41	$2,315,000.00	$190,000.00	$46,300.00	$236,300.00	
11/01/41	$2,125,000.00	$0.00	$42,500.00	$42,500.00	
05/01/42	$2,125,000.00	$200,000.00	$42,500.00	$242,500.00	
11/01/42	$1,925,000.00	$0.00	$38,500.00	$38,500.00	
05/01/43	$1,925,000.00	$210,000.00	$38,500.00	$248,500.00	
11/01/43	$1,715,000.00	$0.00	$34,300.00	$34,300.00	
05/01/44	$1,715,000.00	$215,000.00	$34,300.00	$249,300.00	
11/01/44	$1,500,000.00	$0.00	$30,000.00	$30,000.00	
05/01/45	$1,500,000.00	$225,000.00	$30,000.00	$255,000.00	
11/01/45	$1,275,000.00	$0.00	$25,500.00	$25,500.00	
05/01/46	$1,275,000.00	$235,000.00	$25,500.00	$260,500.00	
11/01/46	$1,040,000.00	$0.00	$20,800.00	$20,800.00	
05/01/47	$1,040,000.00	$245,000.00	$20,800.00	$265,800.00	
11/01/47	$795,000.00	$0.00	$15,900.00	$15,900.00	
05/01/48	$795,000.00	$255,000.00	$15,900.00	$270,900.00	
11/01/48	$540,000.00	$0.00	$10,800.00	$10,800.00	
05/01/49	$540,000.00	$265,000.00	$10,800.00	$275,800.00	
11/01/49	$275,000.00	$0.00	$5,500.00	$5,500.00	
05/01/50	$275,000.00	$275,000.00	$5,500.00	$280,500.00	
TOTAL		$4,955,000.00	$3,585,261.55	$8,540,261.55	

VERAN0#2
Community Development District		AMORTIZATION SCHEDULE Series 2020 Pod E Special Assessment Bonds

DATE	BALANCE	PRINCIPAL	INTEREST	TOTALI	
11/01/20	$3,735,000.00	$0.00	$89,763.23	$89,763.23	
05/01/21	$3,735,000.00	$70,000.00	$70,556.25	$140,556.25	
11/01/21	$3,665,000.00	$0.00	$69,550.00	$69,550.00	
05/01/22	$3,665,000.00	$75,000.00	$69,550.00	$144,550.00	
11/01/22	$3,590,000.00	$0.00	$68,471.88	$68,471.88	
05/01/23	$3,590,000.00	$75,000.00	$68,471.88	$143,471.88	
11/01/23	$3,515,000.00	$0.00	$67,393.75	$67,393.75	
05/01/24	$3,515,000.00	$80,000.00	$67,393.75	$147,393.75	
11/01/24	$3,435,000.00	$0.00	$66,243.75	$66,243.75	
05/01/25	$3,435,000.00	$80,000.00	$66,243.75	$146,243.75	
11/01/25	$3,355,000.00	$0.00	$65,093.75	$65,093.75	
05/01/26	$3,355,000.00	$80,000.00	$65,093.75	$145,093.75	
11/01/26	$3,275,000.00	$0.00	$63,793.75	$63,793.75	
05/01/27	$3,275,000.00	$85,000.00	$63,793.75	$148,793.75	
11/01/27	$3,190,000.00	$0.00	$62,412.50	$62,412.50	
05/01/28	$3,190,000.00	$90,000.00	$62,412.50	$152,412.50	
11/01/28	$3,100,000.00	$0.00	$60,950.00	$60,950.00	
05/01/29	$3,100,000.00	$90,000.00	$60,950.00	$150,950.00	
11/01/29	$3,010,000.00	$0.00	$59,487.50	$59,487.50	
05/01/30	$3,010,000.00	$95,000.00	$59,487.50	$154,487.50	
11/01/30	$2,915,000.00	$0.00	$57,943.75	$57,943.75	
05/01/31	$2,915,000.00	$95,000.00	$57,943.75	$152,943.75	
11/01/31	$2,820,000.00	$0.00	$56,400.00	$56,400.00	
05/01/32	$2,820,000.00	$100,000.00	$56,400.00	$156,400.00	
11/01/32	$2,720,000.00	$0.00	$54,400.00	$54,400.00	
05/01/33	$2,720,000.00	$105,000.00	$54,400.00	$159,400.00	
11/01/33	$2,615,000.00	$0.00	$52,300.00	$52,300.00	
05/01/34	$2,615,000.00	$110,000.00	$52,300.00	$162,300.00	
11/01/34	$2,505,000.00	$0.00	$50,100.00	$50,100.00	
05/01/35	$2,505,000.00	$115,000.00	$50,100.00	$165,100.00	
11/01/35	$2,390,000.00	$0.00	$47,800.00	$47,800.00	
05/01/36	$2,390,000.00	$120,000.00	$47,800.00	$167,800.00	
11/01/36	$2,270,000.00	$0.00	$45,400.00	$45,400.00	
05/01/37	$2,270,000.00	$125,000.00	$45,400.00	$170,400.00	
11/01/37	$2,145,000.00	$0.00	$42,900.00	$42,900.00	
05/01/38	$2,145,000.00	$130,000.00	$42,900.00	$172,900.00	
11/01/38	$2,015,000.00	$0.00	$40,300.00	$40,300.00	
05/01/39	$2,015,000.00	$135,000.00	$40,300.00	$175,300.00	
11/01/39	$1,880,000.00	$0.00	$37,600.00	$37,600.00	
05/01/40	$1,880,000.00	$140,000.00	$37,600.00	$177,600.00	
11/01/40	$1,740,000.00	$0.00	$34,800.00	$34,800.00	
05/01/41	$1,740,000.00	$145,000.00	$34,800.00	$179,800.00	
11/01/41	$1,595,000.00	$0.00	$31,900.00	$31,900.00	
05/01/42	$1,595,000.00	$150,000.00	$31,900.00	$181,900.00	
11/01/42	$1,445,000.00	$0.00	$28,900.00	$28,900.00	
05/01/43	$1,445,000.00	$155,000.00	$28,900.00	$183,900.00	
11/01/43	$1,290,000.00	$0.00	$25,800.00	$25,800.00	
05/01/44	$1,290,000.00	$165,000.00	$25,800.00	$190,800.00	
11/01/44	$1,125,000.00	$0.00	$22,500.00	$22,500.00	
05/01/45	$1,125,000.00	$170,000.00	$22,500.00	$192,500.00	
11/01/45	$955,000.00	$0.00	$19,100.00	$19,100.00	
05/01/46	$955,000.00	$175,000.00	$19,100.00	$194,100.00	
11/01/46	$780,000.00	$0.00	$15,600.00	$15,600.00	
05/01/47	$780,000.00	$185,000.00	$15,600.00	$200,600.00	
11/01/47	$595,000.00	$0.00	$11,900.00	$11,900.00	
05/01/48	$595,000.00	$190,000.00	$11,900.00	$201,900.00	
11/01/48	$405,000.00	$0.00	$8,100.00	$8,100.00	
05/01/49	$405,000.00	$200,000.00	$8,100.00	$208,100.00	
11/01/49	$205,000.00	$0.00	$4,100.00	$4,100.00	
05/01/50	$205,000.00	$205,000.00	$4,100.00	$209,100.00	
TOTAL		$3,735,000.00	$2,702,800.73	$6,437,800.73	

Sam12_/e
Verano Center &#2-#5
Community Development Districts Landowners Meeting Agenda

Thursday November 19, 2020
10:00 a.m.

Verano Social Clubhouse 10291 S.W. Visconti Way Port St. Lucie, Florida 34986

Call to Order

Election of a Chairman for the Purpose of Conducting the Landowners Meeting

Determination of Number of Voting Units Represented

Nominations for the Position of Supervisors

Casting of Ballots

Tabulation of Ballots and Announcement of Results

Adjournment

OFFICIAL BALLOT VERANO CENTER & #2 - #5
COMMUNITY DEVELOPMENT DISTRICTS ST. LUCIE COUNTY, FLORIDA
LANDOWNERS MEETING NOVEMBER 19, 2020

For Interval Elections (3 Supervisors): The two candidates receivingthe most votes will each receive a four (4) year term; the recipient of the next highest vote count will receive a two (2) year term.

The undersigned certifies that they are the fee simple owner or proxy holder of the landowner (proxy form attached) of the land described in the attachment hereto, which land lies within the boundaries of the Verano Center & #2 - #5 Community Development Districts;

***LEGAL DESCRIPTION OF PROPERTY ATTACHED***

and cast their vote(s) for the following:

NAME OF CANDIDATE	NUMBER OF VOTES
1. _	_	_	_	_	_	_	_	(Seat 2)	 	
2.	(Seat 3)	 	
3. 	(Seat 5)	 	

Dated: ----	gned:	_
Name: - - - - - - - - -

Sample
LANDOWNER PROXY
LANDO WNERS MEETING - NOVEMBER  19, 2020 VERANO CENTER & #2-#5 COMM UNITY DEVELOPMENT DISTRICTS
CITY OF PORT ST. LUCIE, FLORIDA

NOW ALL MEN BY THESE PRESENTS, that the undersigned, the fee simple owner of the lands described herein, hereby constitutes and appoints:

Proxy Holder

for and on behalf of the undersigned, to vote as proxy at the meeting of the landowners of the Verano Center & #2-#5 Community Development Districts to be held at the Verano Social Clubhouse, 10291 S.W. Visconti Way, Port St. Lucie, Florida 34986 on November 19, 2020 at 10:00 a.m. and at any continuances or adjournments thereof, according to the number of acres of unplatted land and/or platted lots owned by the undersigned landowner which the undersigned would be entitled to vote if then personally present, upon any question, proposition, or resolution or any other matter or thing which may be considered at said meeting including, but not limited to, the election of members of the Board of Supervisors. Said Proxy Holder may vote in accordance with their discretion on all matters not known or determined at the time of solicitation of this proxy, which may legally be considered at said meeting.

Any proxy heretofore given by the undersigned for said meeting is hereby revoked. This proxy is to continue in full force and effect from the date hereof until the conclusion of the annual meeting and any adjournment or adjournments thereof, but may be revoked at any time by written notice of such revocation presented at the annual meeting prior to the Proxy Holder exercising the voting rights conferred herein.

Printed Name of Fee Simple Landowner

Signature of Fee Simple Landowner	Date

Parcel Description	Acreage	Authorized Votes*

[Insert above the street address of each parcel, the legal description of each parcel, or the tax identification number of each parcel. If more space is needed, identification of Parcels owned may be incorporated by reference to an attachment hereto.]

Total Number of Authorized Votes:

*Pursuant to section 190.006(2)(b), Florida Statutes (2004), a fraction of an acre is treated as one (1) acre entitling the landowner to one vote with respect thereto.

If the fee simple landowner is not an individual, and is instead a corporation, limited liability company, limited partnership or other entity, evidence that the individual signing on behalf of the entity has the authority to do so should be attached hereto. (e.g., bylaws, corporate resolution, etc.)

INSTRUCTIONS RELATING TO LANDOWNERS MEETING OF THE VERANO CENTER & #2-#5 COMMUNITY DEVELOPMENT DISTRICTS
FOR THE ELECTION OF SUPERVISORS
DATE OF LANDOWNERS MEETING: NOVEMBER 19, 2020 TIME: 10:00 A.M.
LOCATION: VERANO SOCIAL CLUBHOUSE, 10291 S.W. VISCONTI WAY PORT ST. LUCIE, FLORIDA 34986
Pursuant to Chapter 190, Florida Statutes, after a Community Development District ("District") has been established and the landowners have held their initial election , there shall be a subsequent landowners' meeting for the purpose of electing members of the Board of Supervisors every two years until the District qualifies to have its board members elected by the qualified electors of the district. The following instructions on how all landowners may participate in the election is intended to comply with Section 190.006(2)(b), Florida Statutes, as amended by Chapter 2004-353, Laws of Florida.

A landowner may vote in person at the Landowner's Meeting , or the landowner may nominate a proxy holder to vote at the meeting in place of the landowner. Whether in person or by proxy, each landowner shall be entitled to cast one vote per acre of land owned by him or her and located within the District, for each person that the landowner desires to elect to a position on the Board of Supervisors that is open for election for the upcoming term (three (3) seats on the Board will be up for election). A fraction of an acre shall be treated as one (1) acre, entitling the landowner to one vote with respect thereto. Please note that a particular real property is entitled to only one vote for each eligible acre of land or fraction thereof; therefore, two or more people who own real property in common, that is one acre or less, are together entitled to only one vote for that real property.

At the Landowners' Meeting, the first step is to elect a chair for the meeting, who may be any person present at the meeting. The landowners' shall also elect a secretary for the meeting who may be any person present at the meeting. The secretary shall be responsible for the minutes of the meeting. The chair shall conduct the nominations and the voting. If the chair is a landowner or proxy holder of a landowner, he or she may nominate candidates and make and second motions. Candidates must be nominated and then shall be elected by a vote of the landowners. Nominees may be elected only to a position on the Board of Supervisors that is open for election for the upcoming term. The two candidates receiving the highest number of votes shall be elected for a term of four (4) years, and the remaining candidate elected shall serve for a two (2) year term. The term of office for each successful candidate shall commence upon election. Thereafter, there shall be an election of supervisors for the District every two (2) years in November on a date established by the Board of Supervisors upon proper notice until the District qualifies to have its board members elected by the qualified electors of the District.

A proxy is available upon request. To be valid, each proxy must be signed by one of the legal owners of the property for which the vote is cast and must contain the typed or printed name of the individual who signed the proxy; the street address, legal description of the property or tax parcel identification number; and the number of authorized votes. If the proxy authorizes more than one vote, each property must be listed and the number of acres of each property must be included. The signature on a proxy does not need to be notarized.

§t:iibiudt:	<Wafkt:ii
Supervisor of Elections St Lucie County

4132 Ol<eechobee Road ,. Fort Pierce, A. 34947-5412 • (772) 462-1500 ,. Fax (772) 462-1439

April 22, 2020

Jennifer McConnell 5385 N. Nob Hill Road Sunrise, FL 33351

Dear Jennifer McConnell:

This letter is in reference to the number of registered voters as of April 15, 2020 in the Community Development Districts listed below based on the previous mapping forwarded by your organization. If any of your mapping information has changed, please forward the applicable documentation to our office as soon as possible.
NAME VOTERS

Copper Creek	371	
Creekside	173	
Portofino Isles	1262	
Portofino landings	166	
Portofino Shores	836	
Reserve	1121	
Reserve 2	806	
River Place on the St. Lucie	531	
Verano #1	1140	
Verano #2	68	
Verano #3	0	
Verano #4	0	
Verano #5	0	
Verano Center	0	
Villa Vizcaya	0	
Waterstone	5	

Please contact my office if you require any further information. Sincerely,

Gertrude Walker
St. Lucie County Supervisor of Elections

250  NW Country Club Drive  •  Port St. Lucie, Florida 34986  •  (772) 871-5410  •  Fax (772) 871-5323 1664 SE Walton Road • Port St. Lucie, Florida 34952 • (772) 337-5323 • Fax (772) 337-5626
10264 SW Village ParRway • Port St. Lucie, Florida 34987 • (772) 448-5172
www.slcelectlons.com • e-mail: elections@slcelections.com

	Verano #2		
	Community Development District		
	Check Run Summary		
	May 21, 2020		
Date	Check Numbers	Amount	

March 3, 2020	

121-122	

$2,804.16	
March 23, 2020	123-126	$2,453.39	
April 6, 2020	127-131	$4,070.22	
April 13, 2020	132-133	$156,291.34	
April 22, 2020	134-135	$1,275.00	
Total		$166,894.11	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER
***   CHECK DATES 03/01/2020 - 04/30/2020 ***	VERANO #2 CDD
BANK A VERANO #2 CDD

RUN	5/13/20	PAGE	1

DATE		DATE	
3/03/20	00001	3/01/20	
		3/01/20	
		3/01/20	

3/03/20	
00011	
2/26/20	

CHECK	VEND#	.....INVOICE........EXPENSED TO...	VENDOR NAME
INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS

STATUS

AMOUNT	....CHECK.....
AMOUNT	#

175
MAR 175
MAR 175
MAR

202003 310-51300-34000
20 - MANAGEMENT FEES 202003 310-51300-31300
20 - DISSEMINATION
202003 310-51300-35100
20 - WEBSITE ADM

*	1,333.33
*	208.33
*	62.50

GOVERNMENTAL MANAGEMENT SERVICES -
33499	202002 320-53800-46200
FEB 20 - MAINT

1,604.16 000121
- - - - - - - - - - - - - - -
*	1,200.00

-   -   -   -   -   -   -   -   -   -   - -  -	-   -   -     -    -
3/23/20 00013	2/13/20 6484	202002
POWER SWEEPING 2/20/20 6522	202002
POWER SWEEPING 2/26/20 6552	202002
POWER SWEEPING 2/29/20 6560	202002
POWER SWEEPING 3/02/20 6619	202003
POWER SWEEPING

IMPACT LANDSCAPING & IRRIGATION LLC
320-53800-46500
2/7/20
320-53800-46500
2/20/20
320-53800-46500
2/26/20
320-53800-46500
2/29/20
320-53800-46500
3/6/20

1,200.00 000122
- - - - - - - - - - - - - - -
*	150.00
*	150.00
*	150.00
*	150.00
*	150.00

3/23/20 00009

FACILITIES PRO SWEEP
3/04/20 88038-60 202002 320-53800-43000
ELECTRIC 1/29-2/26/20
3/04/20 92896-76 202002 320-53800-43000
ELECTRIC 2/4-3/4/20
FPL

3/23/20	00011	12/31/19	32656
DEC 19	

3/23/20	
00012	
3/02/20	
7434	

201912 320-53800-46200
- MOWING
IMPACT LANDSCAPING & IRRIGATION LLC
202002 320-53800-46200

	3/02/20	

4/06/20	
00006	
3/27/20	

4/06/20	
00013	
3/20/20	

FEB 20- PEST CONTR
7434	202002 320-53800-46200
ADD TYRF FERTILIZATION
NATIVEGREEN PEST CONTROL &
3	202003 310-51300-31300
SERIES 2017 AMORT SCHEDUL
DISCLOSURE SERVICES LLC
6632	202003 320-53800-46500
POWER SWEEPING 3/13/20
FACILITIES PRO SWEEP

750.00 000123
- - - - - - - - - - - - - - -
*	13.55
*	259.84

- -

273.39 000124
- - - - - - - - - - - - -
*	900.00
900.00 000125
- - - - - - - - - - - - - - -
*	275.00
*	255.00
530.00 000126
- - - - - - - - - - - - - - -
*	500.00
500.00 000127
- - - - - - - - - - - - - - -
*	150.00
150.00 000128

MR2	--VERANO #2--	TCESSNA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER
***   CHECK DATES 03/01/2020 - 04/30/2020 ***	VERANO #2 CDD
BANK A VERANO #2 CDD

RUN	5/13/20	PAGE	2

CHECK DATE	VEND#	.....INVOICE........EXPENSED TO...
DATE	INVOICE	YRMO  DPT ACCT# SUB	SUBCLASS	VENDOR	NAME	STATUS	AMOUNT	....CHECK.....
AMOUNT	#	
4/06/20	00009	3/26/20 88038-60 202003 320-53800-43000
ELECTRIC 2/26-3/26/20			*	16.88		
		4/03/20 92896-76 202003 320-53800-43000			*	449.18		

IRRIGATION 3/4-4/3/20

FPL

466.06 000129

4/06/20 00001

4/01/20
4/01/20
4/01/20

177
APR 20-
177
APR 20-
177
APR 20-

202004 310-51300-34000
MGMT FEE
202004 310-51300-31300
DISSEMINATION
202004 310-51300-35100
WEBSITE ADMIN

*	1,333.33
*	208.33
*	62.50

4/06/20 00011

4/13/20 00014

GOVERNMENTAL MANAGEMENT SERVICES -
3/31/20 34116	202003 320-53800-46200	*
MAR 20-MOWING/DETAIL
IMPACT LANDSCAPING & IRRIGATION LLC
4/13/20 04132020 202004 300-20700-10000	*
REIMB OVERPMT DS 5/1/20

1,350.00

48,979.49

1,604.16 000130

1,350.00 000131

4/13/20 00008

4/22/20 00013

KOLTER PAYMENTS LLC
4/13/20 04132020 202004 300-20700-10200
KOLTER DS 5/1/20 POD C
VERANO #2
3/26/20 6687	202003 320-53800-46500
POWER SWEEPING 3/20/20
3/31/20 6725	202003 320-53800-46500

4/08/20	6730
POWER	202004 320-53800-46500
SWEEPING 4/3/20	*	150.00	
4/15/20	6778	202004 320-53800-46500	*	150.00	

POWR SWEEPING 3/27/20

*	107,311.85

*	150.00
*	150.00

48,979.49 000132

107,311.85 000133

POWER SWEEPING 4/10/20

FACILITIES PRO SWEEP	600.00 000134

4/22/20 00012

4/01/20 7441	202003 320-53800-46200
MAR 20- PEST CONTR SV
4/01/20 7441	202003 320-53800-46200

NATIVEGREEN	PEST CONTROL	&		675.00	000135	
	TOTAL	FOR BANK A	166,894.11			
	TOTAL	FOR REGISTER	166,894.11			
MR2	--VERANO	#2--	TCESSNA					

MAR 20- GRANULAR SV

*	275.00
*	400.00

Verano #2
 COMMUNITY  DEVELOPMENT DISTRICT
COMBINED  BALANCE SHEET
April 30, 2020

ASSETS:

 		Major Funds				Total Debt Service	Capital  Project		Governmental
General	Series 2017	Series 2020	Series 2017	Series 2020	Funds

Cash	$73,794	$73,794

Investments:

Reserve - Pod A		$179,753				$179,753	
Reserve - Pod B		$141,818				$141,818	
Reserve - Pod C		$327,894	$107,700			$435,594	
Reserve - Pod D			$141,494			$141,494	
Reserve - Pod E			$106,819			$106,819	
Revenue - Pod A		$199,564				$199,564	
Revenue - Pod B		$143,064				$143,064	
Revenue - Pod C		$198,322				$198,322	
Capital Interest - Pod C			$90,494			$90,494	
Capital Interest - Pod D			$119,072			$119,072	
Capital Interest - Pod E			$89,778			$89,778	
Prepayment - Pod C		$533,829				$533,829	
Construction - Pod A				$20		$20	
Construction - Pod B				$230		$230	
Construction - Pod C				$6,026	$2,339,606	$2,345,632	
Construction - Pod D					$4,597,128	$4,597,128	
Construction - Pod E					$3,465,405	$3,465,405	
Cost of Issuance - Pod C					$32	$32	
Cost of Issuance - Pod D					$42	$42	
Cost of Issuance - Pod E					$32	$32	
Annexation Construction Pod C					$155,026	$155,026	
Deposit FPL	$860					$860	
TOTAL ASSETS	$74,654	$1,724,245	$655,357	$6,276	$10,557,272	$13,017,804	

LIABILITIES:							
Accounts Payable	$169					$169	
TOTAL LIABILITIES	$169	$0	$0	$0	$0	$169	

FUND BALANCES:							
Nonspendable							
Deposits
Restricted for:	$860					$860	
Debt Service Fund		$1,724,245	$655,357			$2,379,602	
Capital Project Fund				$6,276	$10,557,272	$10,563,548	
Unassigned	$73,625					$73,625	
TOTAL FUND BALANCES	$74,485	$1,724,245	$655,357	$6,276	$10,557,272	$13,017,635	

TOTAL LIABILITIES &
FUND BALANCES	

$74,654	

$1,724,245	

$655,357	

$6,276	

$10,557,272	

$13,017,804	

Verano #2
COMMUNITY  DEVELOPMENT DISTRICT
General Fund
Statement of Revenues, Expenditures and Changes in Fund Balance For the Period Ended April 30, 2020

DESCRIPTION			ADOPTED
BUDGET	PRORATED BUDGET
THRU 04/30/20	ACTUAL
THRU 04/30/20		
VARIANCE	

Revenues								
Developer Assessments			$0	$0	$0		$0	
Total Revenues			$0	$0	$0		$0	

Expenditures								
Administrative								
Annual Audit			$3,575	$3,575	$3,435		$140	
Arbitrage			$600	$0	$0		$0	
Trustee Fees			$9,150	$9,150	$9,105		$45	
Dissemination Agent			$2,500	$1,458	$2,458		($1,000)	
Management Fees			$16,000	$9,333	$9,333		$0	
Other Current Charges			$550	$321	$258		$63	
Dues, Licenses & Subscriptions			$175	$175	$175		$0	
Website Compliance			$750	$438	$438		$0	
Total Administrative			$33,300	$24,450	$25,202		($752)	

Field Maintenance								
Field & Amenity Management			$24,000	$14,000	$0		$14,000	
Electric			$24,000	$14,000	$2,330		$11,670	
Lake Maintenance			$24,000	$14,000	$0		$14,000	
Midge Control			$8,000	$4,667	$0		$4,667	
Insurance			$8,885	$5,183	$0		$5,183	
Landscape Maintenance			$132,000	$77,000	$11,935		$65,065	
Entry & Walls Maintenance			$4,000	$2,333	$0		$2,333	
Plant Replacement			$12,000	$7,000	$0		$7,000	
Irrigation Maintenance			$12,000	$7,000	$0		$7,000	
Street Sweeping			$2,370	$1,383	$2,700		($1,318)	
Contingency			$6,857	$4,000	$0		$4,000	
Amenit Center Maintenance								
Clubhouse Maintenance			$32,000	$18,667	$0		$18,667	
Insurance			$24,000	$14,000	$0		$14,000	
Pool Maintenance			$20,000	$11,667	$0		$11,667	
Water Utility Services			$6,000	$3,500	$0		$3,500	
Electric Utility Services			$30,000	$17,500	$0		$17,500	
Janitoral Services/Supplies			$24,000	$14,000	$0		$14,000	
Telephone/Internet			$3,600	$2,100	$0		$2,100	
Trash Collection			$5,000	$2,917	$0		$2,917	
Contingency			$6,857	$4,000	$0		$4,000	
Total Field Maintenance			$409,569	$238,915	$16,965		$221,950	
								
Total Expenditures			 	$442,869 	 	$263,365 	 	$42,167 		 	$221,198 	

Verano #2
COMMUNITY DEVELOPMENT DISTRICT
General Fund
Statement of Revenues, Expenditures and Changes in Fund Balance For the Period Ended April 30, 2020

	
DESCRIPTION		ADOPTED
BUDGET	PRORATED BUDGET
THRU 04/30/20	ACTUAL
THRU 04/30/20		
VARIANCE		

Excess (deficiency) of revenues over (under) expenditures		

($442,869)	

($263,365}	

($42,167)		

$221,198		
	
Other Financing Sourcesl(Uses)								
	Intergovernmental Transfer		$442,869	$116,755	$116,755		$0		
	Total Other Financing Sources/(Uses)		$442,869	$116,755	$116,755		$0		
									
	Net change in fund balance		$0	($146,610)	$74,588		$221,198		
	
Fund Balance - Beginning		
$0		
($103)				
	Fund Balance - Ending		$0		$74,485				

Verano #2
COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
Series 2017 Special Assessment Bonds
Statement of Revenues, Expenditures and Changes in Fund Balance For the Period Ended April 30, 2020

DESCRIPTION	ADOPTED
BUDGET	PRORATED BUDGET
THRU 04/30/20	ACTUAL
THRU 04/30/20	
VARIANCE	

Revenues					
Special Assessments - (Tax Roll)	$98,913	$98,913	$87,010	($11,903)	
Special Assessments - Direct	$1,076,876	$436,475	$436,475	$0	
Special Assessments - Prepayments	$0	$0	$878,676	$878,676	
Interest Income	$0	$0	$9,275	$9,275	
Total Revenues	$1,175,789	$535,389	$1,411,437	$876,048	

Expenditures					
Series 2017 - Pod A						
Interest - 11/01	$126,172	$126,172	$126,172	($0)	
Principal - 11/01	$90,000	$90,000	$90,000	$0	
Interest - 05/01	$124,541	$0	$0	$0	
Series 2017 - Pod B						
Interest - 11/01	$99,538	$99,538	$99,538	$0	
Principal - 11/01	$70,000	$70,000	$70,000	$0	
Interest - 05/01	$98,269	$0	$0	$0	
Series 2017 - Pod C					
Interest - 11/01	$155,313	$155,313	$155,313	$0	
Principal - 11/01	$105,000	$105,000	$105,000	$0	
Special Call - 2/1	$0	$0	$350,000	($350,000)	
Interest - 2/1	$0	$0	$4,311	($4,311)	
Interest - 05/01	$153,344	$0	$0	$0	
Total Expenditures	$1,022,175	$646,022	$1,000,333	($354,311)	

Excess (deficiency) of revenues over (under) expenditures	

$153,614	

($110,633)	

$411,104	

$521,737	
					
Net change in fund balance	$153,614	($110,633)	$411,104	$521,737	

Fund Balance - Beginning	
$727,301		
$1,313,141		
Fund Balance - Ending	$880,916		$1,724,245		

Verano #2
COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
Series 2020 Special Assessment Bonds
Statement of Revenues, Expenditures and Changes in Fund Balance For the Period Ended April 30, 2020

    

 DESCRIPTION	

ADOPTED BUDGET

PRORATED BUDGET THRU 04/30/20

ACTUAL
THRU 04/30/20	VARIANCE

Revenues

Interest Income	$0	$0	$110	$110

Total Revenues	 	$0 	$0 	$110	 	$110

Expenditures

Series 2020 - Pod C
Interest - 05/01	$0		$0		$0		$0	
Series 2020 - Pod D
Interest - 05/01	$0		
$0		
$0		
$0	
Series 2020 - Pod E
Interest - 05/01	$0		
$0		
$0		
$0	
Total Expenditures	 	$0		 	$0		 	$0		 	$0	
Excess (deficiency) of revenues
over (under) expenditures	 	$0		
 	$0		
 	$110		
 	$110	

Other Financing Sourcesl(Uses)					
Intergovernmental Transfer	$0	$0	($60)	($60)	
Bond Proceeds	$0	$0	$655,307	$655,307	
Total Other Financing Sources/(Uses)	 	$0		 	$0	$655,247	$655,247 	
Net change in fund balance	 	$0		 	$0	$655,357	$655,357 	
Fund Balance - Beginning	$0		$0	
Fund Balance - Ending	$0		$655,357	

VERANO #2
COMMUNITY DEVELOPMENT DISTRICT
long Term Debt Report FY 2020

Series 2017 Pod A, Special Assessment Bonds	
Maturity Date:
Reserve Fund Requirement:	11/1/2048
50% Maximum Annual Debt Service		
Bonds outstanding - 11/30/2019		$5,260,000.00	
Current Bonds Outstanding		$5,260,000.00	

Series 2017 Pod 8, Special Assessment Bonds	
Maturity Date:
Reserve Fund Requirement:	11/1/2048
50% Maximum Annual Debt Service		
Bonds outstanding - 11/30/2019		$4,150,000.00	
Current Bonds Outstanding		$4,150,000.00	

Series 2017 Pod C, Special Assessment Bonds	
Maturity Date:
Reserve Fund Requirement:	11/4/2048
75% Maximum Annual Debt Service		
Bonds outstanding - 11/30/2019		$6,235,000.00	
Current Bonds Outstanding		$6,235,000.00	

Series 2020 Pod C, Special Assessment Bonds	

Maturity Date:
Reserve Fund Requirement:	
11/1/2050
50% Maximum Annual Debt Service		
Bonds outstanding - 3/31/20		$3,765,000.00	
Current Bonds Outstanding		$3,765,000.00	

Series 2020 Pod D, Special Assessment Bonds	

Maturity Date:
Reserve Fund Requirement:	
11/1/2050
50% Maximum Annual Debt Service		
Bonds outstanding - 3/31/20		$4,955,000.00	
Current Bonds Outstandina		$4,955,000.00	

$3,735,000.00

Current Bonds Outstandina

$3,735,000.00

Bonds outstanding - 3/31/20

11/1/2050
50% Maximum Annual Debt Service

Maturity Date:
Reserve Fund Requirement:

Series 2020 Pod E, Special Assessment Bonds

ITotal Current Bonds Outstanding	$28,100,000.001

Total Expenditures	 	$0 	 	$0	$1,859,396		($1,859,396)	

Excess (deficiency) of revenues over (under) expenditures	

 	$0 		

 	$0		

($1,847,189)	

($1,847,189)	
Net change in fund balance	$0		$0	($1,847,189)	($1,847,189)	

Fund Balance - Beginning	
$0			
$1,853,465		
Fund Balance - Ending	$0			$6,276		

Verano #2
COMMUNITY DEVELOPMENT DISTRICT CAPITAL PROJECTS FUND
Series 2017 Special Assessment  Bonds
Statement of Revenues, Expenditures and Changes in Fund Balance For the Period Ended April 30, 2020

 DESCRIPTION			ADOPTED
 	BUDGET		PRORATED BUDGET THRU 04130120	ACTUAL THRU 04130120		
 	VARIANCE		
Revenues

Interest Income		

$0	

$0	

$12,207		

$12,207	
Total Revenues		 	$0 	 	$0 	 	$12,207 		 	$12,207 	
Expenditures							
Capital Outlay - Pod C		$0	$0	$1,859,396		($1,859,396)	

Verano #2
COMMUNITY DEVELOPMENT DISTRICT CAPITAL PROJECTS FUND
Series 2020 Special Assessment Bonds
Statement of Revenues, Expenditures and Changes in Fund Balance For the Period Ended April 30, 2020

 DESCRIPTION			ADOPTED
 	BUDGET		PRORATED BUDGET THRU 04/30/20	ACTUAL THRU 04/30/20		
 	VARIANCE		
Revenues							
Interest Income		$0	$0	$1,810		$1,810	
Total Revenues		 	$0 	 	$0 	 	$1,810 		 	$1,810 	
Expenditures							
Capital Outlay - Pod C		$0	$0	$998,397		($998,397)	
Cost of Issuance - Pod C		$0	$0	$64,746		($64,746)	
Cost of Issuance - Pod D		$0	$0	$85,211		($85,211)	
Cost of Issuance - Pod E		$0	$0	$64,231		($64,231)	

Total Expenditures	 	$0	 	$0	$1,212,585	($1,212,585)

Excess (deficiency) of revenues
over (under) expenditures	 	$0 	 	$0 	 	($1,210,776) 	 	($1,210,776) 	
Other Financing Sourcesl(Uses)					
Intergovernmental Transfer	$0	$0	$60	$60	
Bond Proceeds	$0	$0	$11,799,693	$11,799,693	
Bond Premium	$0	$0	$217,394	$217,394	
Bond Underwriter's Discount	$0	$0	($249,100)	($249,100)	
 	
Total Other Financing Sources/(Uses)	 	$0	 	$0	$11,768,047	$11,768,047 	
Net change in fund balance		$0	$0	$10,557,272	$10,557,272	

Fund Balance - Beginning		
$0		
$0		
Fund Balance - Ending		$0		$10,557,272		

Verano #2
Community Development District
Series 2017 Special Assessment Bonds

1. Recap of Capital Project Fund Activity Through April 30, 2020
Opening Balance in Construction Account		
$14,376,479.51	
Source of Funds:	Interest Earned		$213,528.80	
Developer Proceeds		$121,768.57	
lnterfund Transfer ln/(Out)		($1,598.38)	
Use of Funds:			
Disbursements:			
Roadways Improvements		($648,269.12)	
Stormwater Management		($6,233,164.04)	
Water Distribution System		($5,657,740.95)	
Streetlighting & Landcscaping		($368,202.35)	
Aminities		($130,965.88)	
Professional Fees		($1,463,384.47)	
COi		($202,175.38)	
Adjusted Balance in Construction Account at April 30, 2020		$6,276.31	

2. Funds Available For Construction at April 30, 2020			
Book Balance of Construction Fund April 30, 2020	$6,276.31		
Construction Funds available at April 30, 2020	 	$6,276.31 		
3. Investments - US Bank			
April 30, 2020	IYJ:ill.	Yield	Maturity	Principal	
Construction Fund:	Overnight	0.01%	$6,276.31	$6,276.31	
	
Contracts Payable	
 	$0.00 	
	Balance at 04/30/2020	$6,276.31	

Verano #2
Community Development District
Series 2020 Special Assessment Bonds

1. Recap of Capital Project Fund Activity Through April 30, 2020			
Opening Balance in Construction Account		$11,767,987.40	
Source of Funds:	Interest Earned		$1,809.58	
Use of Funds:			
Disbursements:			
Roadways Improvements		($322,738.85)	
Stormwater Management		($288,311.78)	
Water Distribution System		($171,467.52)	
Streetlighting & Landcscaping		($122,442.97)	
Aminities		($93,436.20)	
Professional Fees		$0.00	
COi		($214,187.84)	
Adjusted Balance in Construction Account at April 30, 2020		$10,557,271.84	

2. Funds Available For Construction at April 30, 2020			
Book Balance of Construction Fund April 30, 2020	$10,557,271.84		
Construction Funds available at April 30, 2020	 	$10,557,271.84 		
3. Investments - US Bank			
April 30, 2020	IY!lli	Yield	Maturity	Principal	
Construction Fund:	Overnight	0.01%	$10,557,271.84	$10,557,271.84	
	
Contracts Payable	
$0.00	
	Balance at 04/30/2020	$10,557,271.84