Cordoba Ranch Community Development District

April 25, 2017 Agenda Package

Cordoba Ranch Community Development District Severn Trent Services, Management Services Division 210 North University Drive, Suite 702 • Coral Springs, Florida 33071 Telephone: (954) 753-5841 • Fax: (954) 345-1292
April 18, 2017 Board of Supervisors
Cordoba Ranch Community Development District Dear Board Members:
The regular meeting of the Board of Supervisors of the Cordoba Ranch Community Development District will be held Tuesday, April 25, 2017 at 9:30 a.m. at the Cordoba Ranch Model Center, 2516 Cordoba Ranch Boulevard, Lutz, FL. Following is the advance agenda for the meeting:

Call to Order/Roll Call
Approval of the Consent Agenda
February 28, 2017 Minutes
Financial Statements – March 31, 2017
Engagement Letter Arbitrage Services
Audience Comments on Agenda Items
Hog Trapping Proposal
Aquagenix Report – April
Littoral Shelf Planting Proposal
Staff Reports
District Counsel
District Engineer
District Manager
Supervisor Requests
Adjournment

All supporting documentation is enclosed or will be distributed at the meeting.

The balance of the agenda is routine in nature and staff will give their reports at the meeting. In the meantime if you have any questions, please contact me.

Sincerely,
Andrew P. Mendenhall, PMP
Andrew P. Mendenhall, PMP District Manager

Second Order of Business

2A.

MINUTES OF MEETING CORDOBA RANCH
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Cordoba Ranch Community Development District was held on Tuesday, February 28, 2017 at 9:30 a.m. in the Cordoba Ranch Model Center, 2516 Cordoba Ranch Boulevard, Lutz, Florida.

Present and constituting a quorum were:

Barry Karpay	Chairman
Garth Noble	Vice Chairman
Kelly Evans	Assistant Secretary
F. Peter Williams	Assistant Secretary Also present were:
Andy Mendenhall	District Manager
Tracy Robin	District Counsel
Tonja Stewart	District Engineer (via telephone)

The following is a summary of the discussions and actions taken.

FIRST ORDER OF BUSINESS	Call to Order/Roll Call
Mr. Mendenhall called the meeting to order and called the roll.

SECOND ORDER OF BUSINESS	Approval of the Consent Agenda
January 24, 2017 Minutes
Financial Statements – January 31, 2017

On MOTION by Mr. Williams seconded by Mr. Noble with all in favor the consent agenda was approved.

THIRD ORDER OF BUSINESS	Audience Comments on Agenda Items
None

FOURTH ORDER OF BUSINESS	Hog Trapping Proposal
Additional information regarding the 16% increase to the current contract was requested.

unapproved

February 28, 2017	Cordoba Ranch CDD

FIFTH ORDER OF BUSINESS	Aquagenix Report – February
February Aquagenix reports were included in the agenda package.

SIXTH ORDER OF BUSINESS	Staff Reports
District Counsel
Mr. Robin reviewed information on the SWFWMD bond renewal. It was recommended the bond be maintained unless an affirmative release from SWFMD could be obtained.
Discussion ensued and the Board agreed to maintain the bond.
District Engineer
The drainage maintenance proposal from Site Master was discussed.
It was noted monitoring of the other areas will continue.

On MOTION by Mr. Williams seconded by Mr. Karpay with all in favor the proposal from Site Master in the amount of $8,000 was approved.

District Manager
Gate is operational.
Residents are aware of the proper timing to address the issue of landscaping swales.

SEVENTH ORDER OF BUSINESS	Supervisors’ Requests
Discussion ensued with regard to a pond owned by the CDD which is adjacent to a lot; and the possibility of a drainage easement allowing a portion of the pond to be part of the lot conveyed. The CDD could maintain easement for maintenance and operation of the pond.
Plans of the lot and the home under construction, and any restrictions will be provided to District Counsel for review.

EIGHTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Williams seconded by Mr. Karpay with all in favor the meeting was adjourned.

Barry Karpay
Chairman

unapproved	2

2B.

Cordoba Ranch Community Development District
Financial Report March 31, 2017

Prepared by

CORDOBA RANCH

Community Development District

Table of Contents

FINANCIAL STATEMENTS	Page #
Balance Sheet - All Funds	………………………………………………….	1
Statement of Revenues, Expenditures and Changes in Fund Balance

General Fund	………………………………………………….	2 - 3	
Reserve Fund	………………………………………………….	4	
Debt Service Fund	………………………………………………….	5	
Capital Project Fund	………………………………………………….	6	

SUPPORTING SCHEDULES

Non-Ad Valorem Special Assessments - Schedule	………………………………………………….	7-8	
Cash and Investment Report	………………………………………………….	9	
Expenditure Report	………………………………………………….	10-15	

Cordoba Ranch Community Development District

Financial Statements
(Unaudited)
March 31, 2017

CORDOBA RANCH
Community Development District

Governmental Funds

Balance Sheet
March 31, 2017

ACCOUNT DESCRIPTION

GENERAL FUND

RESERVE FUND

SERIES 2006 DEBT SERVICE FUND

SERIES 2006 CAPITAL PROJECTS
FUND	TOTAL

ASSETS

Cash - Checking Account	$ 514,095	$	-	$	-	$	-	$ 514,095	
Due From Other Funds
Investments:	-	115,645	73,601	-	189,246	
Construction Fund	-	-	-	2,223	2,223	
Reserve Fund	-	-	383,711	-	383,711	
Revenue Fund	-	-	506,940	-	506,940	
Prepaid Items	1,480	-	-	-	1,480	
Deposits	11,540	-	-	-	11,540	
TOTAL ASSETS	$ 527,115	$ 115,645	$ 964,252	$	2,223	$ 1,609,235	

LIABILITIES			
Accounts Payable	$	11,932	$	-	$	-	$	-	$	11,932	
Accrued Expenses	2,923	-	-	-	2,923	
Sales Tax Payable	24	-	-	-	24	
Due To Other Funds	189,246	-	-	-	189,246	
TOTAL LIABILITIES	204,125	-	-	-	204,125	

FUND BALANCES
Nonspendable:
Prepaid Items	1,480	

-	

-	

-	

1,480	
Deposits	11,540
Restricted for:
Debt Service	-	-

-	-

964,252	-

-	11,540

964,252	
Capital Projects	-	-	-	2,223	2,223	
Unassigned:	309,970	115,645	-	-	425,615	
TOTAL FUND BALANCES	$ 322,990	$ 115,645	$ 964,252	$	2,223	$ 1,405,110	
					
TOTAL LIABILITIES & FUND BALANCES	$ 527,115	$ 115,645	$ 964,252	$	2,223	$ 1,609,235	

Report Date: 4/14/2017	1

CORDOBA RANCH

Community Development District	General Fund

Statement of Revenues, Expenditures and Changes in Fund Balances
For the Period Ending March 31, 2017

ACCOUNT DESCRIPTION	
AMENDED BUDGET	
YEAR TO DATE BUDGET	
YEAR TO DATE ACTUAL	
VARIANCE ($) FAV(UNFAV)	YTD ACTUAL AS A % OF
ADOPTED BUD	

REVENUES						
Interest - Investments	$	-	$	-	$	-	$	-	0.00%	
Interest - Tax Collector	-	-	63	63	0.00%	
Special Assmnts- Tax Collector	353,733	353,733	318,215	(35,518)	89.96%	
Special Assmnts- CDD Collected	134,813	134,813	89,541	(45,272)	66.42%	
Special Assmnts- Discounts	(14,149)	(14,149)	(13,944)	205	98.55%	
Other Miscellaneous Revenues	-	-	4,674	4,674	0.00%	
Gate Bar Code/Remotes	-	-	470	470	0.00%	
TOTAL REVENUES	474,397	474,397	399,019	(75,378)	84.11%	

EXPENDITURES						

Administration						
P/R-Board of Supervisors	-	-	1,000	(1,000)	0.00%	
ProfServ-Administrative	4,500	2,250	-	2,250	0.00%	
ProfServ-Arbitrage Rebate	500	-	-	-	0.00%	
ProfServ-Dissemination Agent	5,000	5,000	-	5,000	0.00%	
ProfServ-Engineering	7,500	3,750	4,412	(662)	58.83%	
ProfServ-Financial Advisor	3,600	1,800	-	1,800	0.00%	
ProfServ-Legal Services	12,000	6,000	3,613	2,387	30.11%	
ProfServ-Mgmt Consulting Serv	20,721	10,356	11,782	(1,426)	56.86%	
ProfServ-Special Assessment	5,000	2,501	2,500	1	50.00%	
ProfServ-Trustee Fees	3,500	3,500	2,424	1,076	69.26%	
Accounting Services	15,500	7,746	7,750	(4)	50.00%	
Auditing Services	3,400	-	-	-	0.00%	
Public Officials Insurance	2,200	2,200	1,850	350	84.09%	
Legal Advertising	1,200	600	1,890	(1,290)	157.50%	
Misc-Assessmnt Collection Cost	7,075	7,075	6,760	315	95.55%	
Misc-Web Hosting	840	420	450	(30)	53.57%	
Annual District Filing Fee	 	175 	175 	200 	(25) 	114.29%	
Total Administration	 	92,711 	53,373 	44,631 	8,742 	48.14%	

Other Public Safety		
Contracts-Security Camera	2,500	1,248	1,248	-	49.92%	
Contracts-Security Services	10,000	4,998	6,060	(1,062)	60.60%	
R&M-Gatehouse	 	4,800 	2,400	-	2,400	0.00%
Total Other Public Safety	 	17,300 	8,646 	7,308 	1,338 	42.24%

Electric Utility Services
Utility - General					8,700			4,350			952		3,398		10.94% Electricity - Streetlighting	 		61,200 	30,600 	33,761 		(3,161) 	55.17% Total  Electric Utility Services		 		69,900 		34,950		34,713			237		49.66%

Report Date: 4/14/2017	2

CORDOBA RANCH

Community Development District	General Fund

Statement of Revenues, Expenditures and Changes in Fund Balances
For the Period Ending March 31, 2017

ACCOUNT DESCRIPTION	ANNUAL ADOPTED
BUDGET	
YEAR TO DATE BUDGET	
YEAR TO DATE ACTUAL	
VARIANCE ($) FAV(UNFAV)	YTD ACTUAL AS A % OF
ADOPTED BUD	

Flood Control/Stormwater Mgmt						
Contracts-Aquatic Control	12,408	6,204	6,204	-	50.00%	
R&M-Fountain	2,500	1,248	240	1,008	9.60%	
R&M-Mitigation	16,300	8,148	5,100	3,048	31.29%	
R&M Lake & Pond Bank	15,000	7,500	2,040	5,460	13.60%	
Impr - Aquatic Plants	 	5,000 	- 	- 	- 	0.00%	
Total Flood Control/Stormwater Mgmt	 	51,208 	23,100 	13,584 	9,516 	26.53%	

Field		
ProfServ-Field Management	6,000	3,000	-	3,000	0.00%	
ProfServ-Wildlife Management Service	14,400	7,200	7,200	-	50.00%	
Contracts-Landscape	109,450	54,720	57,497	(2,777)	52.53%	
Utility - Gatehouse	1,650	-	-	-	0.00%	
Insurance - Property	1,656	1,656	1,434	222	86.59%	
Insurance - General Liability	2,722	2,722	2,058	664	75.61%	
R&M-Entry Feature	4,000	-	-	-	0.00%	
R&M-Irrigation	12,000	6,000	2,836	3,164	23.63%	
R&M-Pest Control	2,000	1,864	1,864	-	93.20%	
R&M-Plant Replacement	15,000	15,000	10,544	4,456	70.29%	
R&M-Well Maintenance	7,500	3,750	-	3,750	0.00%	
R&M-Annuals	19,000	14,018	14,018	-	73.78%	
R&M-Mulch/Annuals	23,100	-	-	-	0.00%	
Holiday Lighting & Decorations	2,000	2,000	2,200	(200)	110.00%	
Op Supplies - Fertilizer	 	7,800 	- 	- 	- 	0.00%	
Total Field	 	228,278 	111,930	99,651	12,279	43.65%	

Parks and Recreation - General		
Misc-Contingency	 	15,000 	7,500	14,385	(6,885)	95.90%	
Total Parks and Recreation - General	 	15,000 	7,500 	14,385 	(6,885) 	95.90%	
TOTAL EXPENDITURES	474,397	239,499	214,272	25,227	45.17%	
Excess (deficiency) of revenues Over (under) expenditures	

-	234,898	

184,747	

(50,151)	

0.00%	

Net change in fund balance	
$	-	$	234,898	
$	184,747	
$	(50,151)	
0.00%	

FUND BALANCE, BEGINNING (OCT 1, 2016)	
138,243	138,242	
138,243			
FUND BALANCE, ENDING	  $	138,243     $	373,140	$	322,990			

Report Date: 4/17/2017	3

CORDOBA RANCH

Community Development District	Reserve Fund

Statement of Revenues, Expenditures and Changes in Fund Balances
For the Period Ending March 31, 2017

AMENDED
ACCOUNT DESCRIPTION	BUDGET	
YEAR TO DATE BUDGET	
YEAR TO DATE ACTUAL	
VARIANCE ($) FAV(UNFAV)	YTD ACTUAL AS A % OF
ADOPTED BUD	

REVENUES					
Interest - Investments	$	-	$	-	$	-	$	-	0.00%	
Special Assmnts- Tax Collector	34,263	34,263	33,715	(548)	98.40%	
Special Assmnts- CDD Collected	15,737	15,737	11,803	(3,934)	75.00%	
TOTAL REVENUES	50,000	50,000	45,518	(4,482)	91.04%	

EXPENDITURES						
Reserves
Capital Reserve	 	50,000 	- 	- 	- 	0.00%
Total Reserves	 	50,000	-	- 	- 	0.00%

TOTAL EXPENDITURES & RESERVES	50,000	-	-	-	0.00%	
Excess (deficiency) of revenues Over (under) expenditures	

-	

50,000	

45,518	

(4,482)	

0.00%	

Net change in fund balance	
$	-	
$	50,000	
$	45,518	
$	(4,482)	
0.00%	

FUND BALANCE, BEGINNING (OCT 1, 2016)	
70,127	
70,127	
70,127			
FUND BALANCE, ENDING	  $	70,127 	$	120,127	$	115,645			

Report Date: 4/14/2017	4

CORDOBA RANCH

Community Development District	Series 2006 Debt Service Fund

Statement of Revenues, Expenditures and Changes in Fund Balances
For the Period Ending March 31, 2017

AMENDED
ACCOUNT DESCRIPTION	BUDGET	
YEAR TO DATE BUDGET	
YEAR TO DATE ACTUAL	
VARIANCE ($) FAV(UNFAV)	YTD ACTUAL AS A % OF
ADOPTED BUD	

REVENUES					
Interest - Investments	$	-	$	-	$	349	$	349	0.00%	
Special Assmnts- Tax Collector	455,697	455,697	448,442	(7,255)	98.41%	
Special Assmnts- CDD Collected	172,182	172,182	129,137	(43,045)	75.00%	
Special Assmnts- Discounts	(18,228)	(18,228)	(17,768)	460	97.48%	
TOTAL REVENUES	609,651	609,651	560,160	(49,491)	91.88%	

EXPENDITURES						
Administration
Misc-Assessmnt Collection Cost	
 	9,113 	9,113 	8,613 	500 	94.51%	
Total Administration	 	9,113 	9,113 	8,613 	500 	94.51%	

Debt Service		
Principal Debt Retirement	180,000	90,000	-	90,000	0.00%	
Interest Expense	 	420,538	210,269	205,766 	4,503 	48.93%	
Total Debt Service	 	600,538 	300,269 	205,766 	94,503 	34.26%	
TOTAL EXPENDITURES	609,651	309,382	214,379	95,003	35.16%	
Excess (deficiency) of revenues Over (under) expenditures	

-	300,269	

345,781	

45,512	

0.00%	

Net change in fund balance	
$	-	$	300,269	
$	345,781	
$	45,512	
0.00%	

FUND BALANCE, BEGINNING (OCT 1, 2016)	
618,471	618,471	
618,471			
FUND BALANCE, ENDING	  $	618,471     $	918,740	$	964,252			

Report Date: 4/14/2017	5

CORDOBA RANCH

Community Development District	Series 2006 Capital Projects Fund

Statement of Revenues, Expenditures and Changes in Fund Balances
For the Period Ending March 31, 2017

AMENDED
ACCOUNT DESCRIPTION	BUDGET	
YEAR TO DATE BUDGET	
YEAR TO DATE ACTUAL	
VARIANCE ($) FAV(UNFAV)	YTD ACTUAL AS A % OF
ADOPTED BUD	

REVENUES					
Interest - Investments	$	-	$	-	$	2	$	2	0.00%	
TOTAL REVENUES	-	-	2	2	0.00%	

EXPENDITURES				
TOTAL EXPENDITURES	-	-	-	-	0.00%	
Excess (deficiency) of revenues Over (under) expenditures	

-	-	2	

2	

0.00%	

Net change in fund balance	
$	-	$	-	$	2	
$	2	
0.00%	

FUND BALANCE, BEGINNING (OCT 1, 2016)	
-	-	2,221			
FUND BALANCE, ENDING	  $	-     $	-	$	2,223			

Report Date: 4/14/2017	6

Cordoba Ranch Community Development District
Supporting Schedules
March 31, 2017

CORDOBA RANCH

Community Development District	All Funds

Non-Ad Valorem Special Assessments - Hillbborough Tax Collector (Monthly Collection Distributions)
For the Fiscal Year Ending September 30, 2017

	ALLOCATION BY FUND	
Date Received	Net Amount Received	Discount /
(Penalties) Amount	Collection Cost	
Amount Gross	
General Fund	
Reserve Fund	Series 2006 Debt Service	
			(1)	(2)		
Assessments Levied FY 2017		$	813,321	$	323,361	$	34,263	$	455,697	
Allocation %		100%	44%		56%	

11/03/16	
$	1,866	
$	106	
$	38	
$	2,010	
$	884		
$	1,126	
11/15/17	26,256	1,116	536	27,908	12,271		15,637	
11/23/17	18,754	797	383	19,934	8,765		11,169	
12/07/16	221,300	9,409	4,516	235,225	103,430		131,795	
12/15/16	465,144	19,735	9,493	494,372	217,379		276,993	
01/06/17	12,309	388	251	12,949	5,694	-	7,255	
02/06/17	7,658	159	156	7,974	3,506		4,468	
3/31/17 (2)	-	-	-	-	(33,715)	33,715	-	
TOTAL	$	706,411	$	29,692	$	14,417	$	800,372	$	318,215	$	33,715	$	448,442	
% COLLECTED	98.4%	98.4%	98.4%	98.4%

TOTAL OUTSTANDING	$	12,949	$	5,145	$	548	$	7,255	

Note (1) - variance to budget due to portion of direct bill put on tax roll. Note (2) - Portion of reverse fund adjusted from general fund .

Report Date: 4/17/2017	7

CORDOBA RANCH

Community Development District	All Funds

Non-Ad Valorem Special Assessments - CDD Collected (Monthly Collection Distributions)
For the Fiscal Year Ending September 30, 2017

Date

Received	Net Amount

Received	Discount /
(Penalties) Amount	Collection

Cost	Amount

Gross	ALLOCATION BY FUND	
					
General Fund	
Reserve	Debt Service Series 2006	
			(1)			
Assessments Levied FY 2017		$	307,308	$	119,389	15,737	$	172,182	
Allocation %		100%	44%	0%	56%	

11/21/16	
$	67,563			
$	67,563	
$	67,563	
$	-	
$	-	
11/29/16	86,091			86,091	-	-	86,091	
02/08/17	43,046			43,046	-	-	43,046	
02/08/17	33,781			33,781	33,781	-	-	
3/31/17 (2)	-			-	(11,803)	11,803	-	
TOTAL	$	230,481	$	-	$	-	$	230,481	$	89,541	$	11,803	$	129,137	
% COLLECTED	75.0%	75.0%	75.0%	75.0%

TOTAL OUTSTANDING	$	76,827	$	29,848	$	3,934	$	43,045	

Note (1) - variance to budget due to portion of direct bill put on tax roll. Note (2) - Portion of reverse fund adjusted from general fund .

Report Date: 4/17/2017	8

CORDOBA RANCH

Community Development District

Cash & Investment Report March 31, 2017

ACCOUNT NAME	BANK NAME	YIELD	BALANCE

OPERATING FUND

Checking General fund	Jefferson Bank	N/A	$	514,095

Subtotal 	514,095 

DEBT SERVICE AND CAPITAL PROJECT FUNDS

Series 2006 Reserve Account	US Bank	0.05%	$
Series 2006 Revenue Account	US Bank	0.05%	$
Series 2006 Construction Account	US Bank	0.05%	$

383,711
506,940
2,223

Subtotal 	892,873 

Total  $	1,406,969 

Report Date: 4/17/2017	9

Cordoba Ranch Community Development District
Expenditure Report - General Fund Fund
For the Period(s) from Oct 01, 2016 to Mar 31, 2017 (Sorted by Department and Transaction Type)

Date	Account #	Document #	Trans. Type	Vendor Name	Description	Amount

DEPARTMENT NAME: LEGISLATIVE

$0
$400 0.00%

Annual Budget
Mar-17 YTD Actual
% of Annual Budget

Account Name: P/R-Board of Supervisors

10/31/16 511001-51101	10042016	Vendor	F. Peter Williams	Board Meeting Pay 10/4/16		200.00	
10/31/16 511001-51101	10252016	Vendor	F. Peter Williams	Board Meeting Pay 10/25/16		 	200.00 	
					Vendor Total	400.00	

Account Total:   P/R-Board Of Supervisors 	400.00 

Legislative Department Total:	400.00

DEPARTMENT NAME: FINANCIAL AND ADMINISTRATIVE
Annual Budget	$81,611	
Mar-17 YTD Actual	$40,618	
% of Annual Budget	49.77%	

Account Name: P/R-Board of Supervisors

12/27/16      511001-51301	122716
01/24/17      511001-51301	12417
02/28/17      511001-51301	22817

Vendor Vendor Vendor

F. Peter Williams	Board Meeting 12/27/16	200.00
F. Peter Williams	Board Meeting 1/24/17	200.00
F. Peter Williams	Board Meeting 2/28/17	 	200.00 
Vendor Total	600.00

Account Total:   P/R-Board Of Supervisors 	600.00 

Account Name: ProfServ-Engineering

10/31/16      531013-51301	1114700
11/29/16      531013-51301	1127995
02/27/17      531013-51301	1164706

Vendor Vendor Vendor

Stantec Consulting Services	Thru 10/14/16 Engineering Svc	2,529.50
Stantec Consulting Services	Thru 11/11/16 Engineering Svc	570.00
Stantec Consulting Services	Thru 2/17/17 Engineering Svc	 	1,312.00 
Vendor Total	4,411.50

Account Total:   Profserv-Engineering 	4,411.50 

Account Name: ProfServ-Mgmt Consulting Serv

12/19/16      531027-51301	15626
12/31/16      531027-51301	15012
12/31/16      531027-51301	15012
12/31/16      531027-51301	15009
01/16/17      531027-51301	16454
02/28/17      531027-51301	17583
03/23/17      531027-51301	18449

Vendor Vendor Vendor Vendor Vendor Vendor Vendor

Severn Trent Environmental Services	Dec Mgmt Fee	3,666.67
Severn Trent Environmental Services	Nov Mgmt Fee	32.25
Severn Trent Environmental Services	Nov Mgmt Fee	3,666.67
Severn Trent Environmental Services	Oct Mgmt Fee	3,666.67
Severn Trent Environmental Services	Jan Mgmt Fees	1,958.33
Severn Trent Environmental Services	Feb Mgmt Fee	1,958.33
Severn Trent Environmental Services	March Mgmt Fee	 	1,958.33 
Vendor Total	16,907.25

12/31/16      531027-51301	JE000060

Journal Entry

Reclass Assessment Fee & Acct Services	 	(5,125.02) 
Journal Entries Total	(5,125.02)

Account Total:   Profserv-Mgmt Consulting Serv 	11,782.23 

Account Name: ProfServ-Special Assessment

01/16/17      531038-51301	16454
02/28/17      531038-51301	17583
03/23/17      531038-51301	18449

Vendor Vendor Vendor

Severn Trent Environmental Services	Jan Mgmt Fees	416.67
Severn Trent Environmental Services	Feb Mgmt Fee	416.67
Severn Trent Environmental Services	March Mgmt Fee	 	416.67 
Vendor Total	1,250.01

12/31/16      531038-51301	JE000060

Journal Entry

Profserv-Special Assessment Oct - Dec	1,250.01
Account Total:  Profserv-Special Assessment 	2,500.02 

10

Cordoba Ranch Community Development District
Expenditure Report - General Fund Fund
For the Period(s) from Oct 01, 2016 to Mar 31, 2017 (Sorted by Department and Transaction Type)

Date	Account #	Document #	Trans. Type	Vendor Name	Description	Amount

Account Name: ProfServ-Trustee Fees

10/01/16      531045-51301	JE000070

Journal Entry

9/30/2016 Trustee Administration Fee 07/01/16-06/30/17	2,424.38

Account Total:   Profserv-Trustee Fees 	2,424.38 

Account Name: Accounting Services

01/16/17      532001-51301	16454
02/28/17      532001-51301	17583
03/23/17      532001-51301	18449

Vendor Vendor Vendor

Severn Trent Environmental Services	Jan Mgmt Fees	1,291.67
Severn Trent Environmental Services	Feb Mgmt Fee	1,291.67
Severn Trent Environmental Services	March Mgmt Fee	 	1,291.67 
Vendor Total	3,875.01

12/31/16      532001-51301	JE000060

Journal Entry

Accounting Services- Oct- Dec	3,875.01

Account Total:   Accounting Services 	7,750.02 

Account Name: Public Officials Insurance

10/01/16      545008-51301	JE000074

Journal Entry

General/Pol Liability Insurance Fy 16/17	1,850.00

Account Total:   Public Officials Insurance 	1,850.00 

Account Name: Legal Advertising

10/19/16      548002-51301	365569
11/09/16      548002-51301	367373
12/01/16      548002-51301	358901.

Vendor Vendor Vendor

Times Publishing Company	Notice Of Fy 2017 Meeting Dates	367.50
Times Publishing Company	Notice Of Landowners, Board Mtg 11/1/16		1,168.00 Times Publishing Company	Notice Of Special Mtg 9/23/16	 		354.40 
Vendor Total	1,889.90

Account Total:   Legal Advertising 	1,889.90 

Account Name: Misc-Assessmnt Collection Cost

11/03/16	549070-51301	ASSESSMENT	Journal Entry		Assessment Hillsborough Tax Collect	16.75	
11/15/16	549070-51301	ASSESSMENT	Journal Entry		Assessment Hillsborough Tax Collect	235.61	
11/27/16	549070-51301	ASSESSMENT	Journal Entry		Assessment Hillsborough Tax Collect	168.29	
12/07/16	549070-51301	JE000053	Journal Entry		Assessment Received 12/7/2016	1,985.87	
12/15/16	549070-51301	JE000054	Journal Entry		Misc-Assessmnt Collection Cost	4,174.03	
01/06/17	549070-51301	JE000068	Journal Entry		Assmnts Dist 1/6/2017	110.46	
02/06/17	549070-51301	JE000079	Journal Entry		Hills Tax Collect Assesment	 	68.72 
Journal Entries Total	6,759.73	
					Account Total:	Misc-Assessmnt Collection Cost 	6,759.73 	
	
Account Name:	
Misc-Web Hosting					

10/31/16	
549915-51301	
10-1416-2	
Vendor	
V Global Tech	
Oct Website Mthly Maintenance	
75.00	
11/30/16	549915-51301	11-3016-2	Vendor	V Global Tech	Nov Website Maint	75.00	
12/08/16	549915-51301	12-0816-2	Vendor	V Global Tech	Dec Website Maint	75.00	
02/25/17	549915-51301	0225-17-03	Vendor	V Global Tech	Feb17 Website Maint	75.00	
03/01/17	549915-51301	0130-17-03	Vendor	V Global Tech	Jan17 Website Maint	75.00	
03/15/17	549915-51301	0315-17-03	Vendor	V Global Tech	March17 Website Maint	 	75.00 
Vendor Total	450.00	

Account Total:  Misc-Web Hosting 	450.00 

Account Name: Annual District Filing Fee

12/28/16      554007-51301	39227
01/30/17      554007-51301	39227LF

Vendor Vendor

Department Of Economic Opportunity	Fy 2016/2017 Special District	175.00
Department Of Economic Opportunity	Fy 2016/2017 Late Fee	 	25.00 
Vendor Total	200.00

Account Total:   Annual District Filing Fee 	200.00 

Financial And Administrative Department Total:	40,617.78

11

Cordoba Ranch Community Development District
Expenditure Report - General Fund Fund
For the Period(s) from Oct 01, 2016 to Mar 31, 2017 (Sorted by Department and Transaction Type)

Date	Account #	Document #	Trans. Type	Vendor Name	Description	Amount

DEPARTMENT NAME: LEGAL COUNSEL
Annual Budget	$7,500	
Mar-17 YTD Actual	$3,613	
% of Annual Budget	48.17%	

Account Name: ProfServ-Legal Services

02/01/17	531023-51401	13795	Vendor	Straley Robin Vericker	Thru 10/15/16 Gen Counsel		871.00	
02/01/17	531023-51401	14007	Vendor	Straley Robin Vericker	Thru 12/15/16 Gen Counsel		50.00	
02/01/17	531023-51401	13860	Vendor	Straley Robin Vericker	Thru 11/15/16 Gen Counsel		625.00	
02/01/17	531023-51401	14101	Vendor	Straley Robin Vericker	Thru 1/15/17 Gen Counsel		195.00	
02/22/17	531023-51401	14154	Vendor	Straley Robin Vericker	Thru 2/15/17 Gen Counsel		231.00	
03/06/17	531023-51401	14188	Vendor	Straley Robin Vericker	Thru 2/15/17 Gen Counsel		915.00	
03/21/17	531023-51401	14217	Vendor	Straley Robin Vericker	Thru 3/15/17 Gen Counsel		 	726.00 	
						Vendor Total	3,613.00	

Account Total:  Profserv-Legal Services 	3,613.00 

Legal Counsel Department Total:	3,613.00

DEPARTMENT NAME: OTHER PUBLIC SAFETY
Annual Budget	$17,300	
Mar-17 YTD Actual	$7,308	
% of Annual Budget	42.24%	

Account Name: Contracts-Security Camera

10/01/16	534036-52901	655288	Vendor	Envera Systems	11/1/16-11/30/16 Alarm Svc		90.00	
01/31/17	534036-52901	ACCRUAL	Journal Entry		Alarmn Services 4 Months		500.00	
03/31/17	534036-52901	JE000090	Journal Entry		Contracts-Security Camera Accrual		 	658.00 	
						Journal Entries Total	1,158.00	

Account Total:  Contracts-Security Camera 	1,248.00 

Account Name: Contracts-Security Services

10/28/16	534037-52901	655867	Vendor	Envera Systems	10/1/16-11/30/16 Addl Resident		20.00	
12/01/16	534037-52901	655931	Vendor	Envera Systems	12/1/16-12/31/16 Alarm Svc		1,193.00	
12/19/16	534037-52901	657516	Vendor	Envera Systems	12/1-1/31 Add Resident		30.00	
01/01/17	534037-52901	656573	Vendor	Envera Systems	1/1/17-1/31/17 Gate Access		1,193.00	
01/30/17	534037-52901	658196	Vendor	Envera Systems	1/1/17-2/28/17 Add Resident		30.00	
02/01/17	534037-52901	657592	Vendor	Envera Systems	2/1-2/28 Gate Access		1,208.00	
03/01/17	534037-52901	658269	Vendor	Envera Systems	3/1-3/31 Gate Access		1,223.00	
03/14/17	534037-52901	659306	Vendor	Envera Systems	1/31/17 Addl Residents		 	45.00 	
						Vendor Total	4,942.00	
11/29/16	534037-52901	11122016	Vendor	Gary Harrison	11/12/16 Patrol		120.00	
01/01/17	534037-52901	28140	Vendor	Hillsborough Cty Sheriffs Off	11/5-11/12 Admin/Mileage Fees		60.80	
01/01/17	534037-52901	28484	Vendor	Hillsborough Cty Sheriffs Off	12/9-12/11 Admin/Mileage Fees		 	40.75 	
						Vendor Total	101.55	
02/14/17	534037-52901	021417	Vendor	Zuly Paradela	12/9/16 Patrol		120.00	
10/31/16	534037-52901	JE000015	Journal Entry		10/14/16 Patrol		120.00	
10/31/16	534037-52901	JE000030	Journal Entry		10/14/16-10/29/16 Admin/Mileage Fees		56.50	
10/31/16	534037-52901	JE000030	Journal Entry		10/28/16 Patrol		120.00	
10/31/16	534037-52901	JE000030	Journal Entry		10/29/16 Patrol		120.00	
11/09/16	534037-52901	JE000035	Journal Entry		11/4/16 Patrol		120.00	
12/13/16	534037-52901	JE000040	Journal Entry		12/11/16 Patrol		120.00	
12/13/16	534037-52901	JE000057	Journal Entry		11/11/16 Patrol		 	120.00 	
						Journal Entries Total	776.50	
					Account Total:	Contracts-Security Services	 	6,060.05 	

Other Public Safety Department Total:	7,308.05

12

Cordoba Ranch Community Development District
Expenditure Report - General Fund Fund
For the Period(s) from Oct 01, 2016 to Mar 31, 2017 (Sorted by Department and Transaction Type)

Date	Account #	Document #	Trans. Type	Vendor Name	Description	Amount

DEPARTMENT NAME: ELECTRIC UTILITY SERVICES
Annual Budget	$69,900	
Mar-17 YTD Actual	$34,713	
% of Annual Budget	49.66%	

Account Name: Utility - General

11/29/16	543001-53100	112216-5795	Vendor	Frontier	11/22/16-12/21/16 #239-177-5795-050213-5		134.99	
12/22/16	543001-53100	122216-5795	Vendor	Frontier	12/22-1/21 #239-177-5795		134.99	
01/22/17	543001-53100	012217-5795	Vendor	Frontier	1/22-2/21 #239-177-5795		134.99	
02/22/17	543001-53100	022217-5795	Vendor	Frontier	2/22-3/21 #239-177-5795		134.99	
03/22/17	543001-53100	032217-5795	Vendor	Frontier	3/22-4/21 #239-177-5795		 	134.99 	
						Vendor Total	674.95	

03/31/17      543001-53100	JE000086

Journal Entry

Oct & Nov #239####-177-5795	 	276.98 
Journal Entries Total	276.98
Account Total:   Utility - General 	951.93 

Account Name: Electricity - Streetlighting

10/31/16	543013-53100	112216-5050	Vendor	Tampa Electric	10/19/16-11/17/16 Acct# 1661-0625050 Electric		4,638.71	
10/31/16	543013-53100	112216-1100	Vendor	Tampa Electric	10/20/16-11/17/16 Acct# 1661-0631100 Electric		26.90	
10/31/16	543013-53100	112216-8770	Vendor	Tampa Electric	10/19/16-11/17/16 Acct# 1661-0648770 Electric		195.97	
10/31/16	543013-53100	112216-3270	Vendor	Tampa Electric	10/20/16-11/18/16 Acct# 1661-0623270 Electric		650.56	
12/22/16	543013-53100	122216	Vendor	Tampa Electric	11/18-12/20 Electric Svc		4,922.84	
12/22/16	543013-53100	122216A	Vendor	Tampa Electric	11/18-12/20 Electric Svc		195.97	
01/25/17	543013-53100	12517	Vendor	Tampa Electric	12/21-1/23 Electric Svc		5,903.92	
02/23/17	543013-53100	022317	Vendor	Tampa Electric	1/20-2/17 Electric Svc		5,949.42	
03/24/17	543013-53100	32417	Vendor	Tampa Electric	2/18-3/20 Electric Svc		 	5,879.43 	
						Vendor Total	28,363.72	
10/31/16	543013-53100	JE000013	Journal Entry	Rc 9/20/16-10/19/16 Electric		 	5,396.93 	
					Journal Entries Total	5,396.93	

Account Total:   Electricity - Streetlighting 	33,760.65 

Electric Utility Services Department Total:	34,712.58

DEPARTMENT NAME: FLOOD CONTROL/STORMWATER MGMT
Annual Budget	$51,208	
Mar-17 YTD Actual	$13,584	
% of Annual Budget	26.53%	

Account Name: Contracts-Aquatic Control

10/31/16	534067-53801	1284397	Vendor	Aquagenix	Oct Aquatics Svc	1,034.00	
11/09/16	534067-53801	1286755	Vendor	Aquagenix	Nov Aquatics Svc	1,034.00	
12/01/16	534067-53801	1289906	Vendor	Aquagenix	Dec Aquatics Svc	1,034.00	
01/01/17	534067-53801	1291969	Vendor	Aquagenix	Jan Aquatics Svc	1,034.00	
02/01/17	534067-53801	1293551	Vendor	Aquagenix	Feb Aquatics Svc	1,034.00	
03/31/17	534067-53801	1296124	Vendor	Aquagenix	March Aquatics Svc	 	1,034.00 	
						Vendor Total	6,204.00	
						Account Total:   Contracts-Aquatic Control 	6,204.00 	

11/09/16	
Account Name:

546032-53801	
R&M-Fountain

1286757	

Vendor	

Aquagenix	

Nov Qtly Fountain Maint	

240.00	
						Account Total:   R&M-Fountain 	240.00 	

Account Name: R&M-Mitigation

11/01/16	546100-53801	11573	Vendor	Armstrong Environmental Svc	Oct Wetland/Mitigation Maint		850.00	
01/01/17	546100-53801	11657	Vendor	Armstrong Environmental Svc	Dec Wetland/Mitigation		850.00	
01/31/17	546100-53801	11693	Vendor	Armstrong Environmental Svc	Jan Wetland/Mitigation		850.00	
02/28/17	546100-53801	11732	Vendor	Armstrong Environmental Svc	Feb Wetland/Mitigation		 	850.00 	
						Vendor Total	3,400.00	
01/01/17	546100-53801	ACCRUAL	Journal Entry	Dec Wetland Mitigation Maint		850.00	
03/31/17	546100-53801	ACCRUAL	Journal Entry	March Wetland/Mitigation		 	850.00 	
					Journal Entries Total	1,700.00	

Account Total:  R&M-Mitigation 	5,100.00 

13

Cordoba Ranch Community Development District
Expenditure Report - General Fund Fund
For the Period(s) from Oct 01, 2016 to Mar 31, 2017 (Sorted by Department and Transaction Type)

Date	Account #	Document #	Trans. Type	Vendor Name	Description	Amount

Account Name: R&M Lake & Pond Bank

11/09/16	546185-53801	1286760	Vendor	Aquagenix	Nov Qtrly Littoral Maint		900.00	
02/01/17	546185-53801	1293552	Vendor	Aquagenix	Feb Qtly Fountain Maint		240.00	
02/01/17	546185-53801	1293554	Vendor	Aquagenix	Feb Qtrly Littoral Maint		 	900.00 	
						Vendor Total	2,040.00	

Account Total:   R&M Lake & Pond Bank 	2,040.00 

Flood Control/Stormwater Mgmt Department Total:	13,584.00

DEPARTMENT NAME: FIELD		
Annual Budget	$228,278	
Mar-17 YTD Actual	$99,651	
% of Annual Budget	43.65%	

Account Name: ProfServ-Wildlife Management Service

01/15/17	531074-53901	13117	Vendor	Jerry Richardson	Jan Hog Removal Svc		1,200.00	
10/31/16	531074-53901	JE000031	Journal Entry		Oct Hog Removal Svc		1,200.00	
12/01/16	531074-53901	ACCRUAL	Journal Entry		Reverse Accrual		1,200.00	
12/15/16	531074-53901	JE000044	Journal Entry		Dec Hog Removal Svc		1,200.00	
02/28/17	531074-53901	JE000083	Journal Entry		Feb Hog Removal Svc		1,200.00	
03/31/17	531074-53901	ACCRUAL	Journal Entry		Mar Hog Removal Svc		 	1,200.00 	
						Journal Entries Total	6,000.00	

Account Total:   Profserv-Wildlife Management Service 	7,200.00 

Account Name: Contracts-Landscape

11/01/16	534050-53901	16400	Vendor	Vivicon, Inc	Oct Grounds Maint		9,582.84	
11/09/16	534050-53901	16478	Vendor	Vivicon, Inc	Nov Grounds Maint		9,582.84	
01/01/17	534050-53901	16668	Vendor	Vivicon, Inc	Jan Grounds Maint		9,582.84	
01/31/17	534050-53901	16563	Vendor	Vivicon, Inc	Dec Grounds Maint		9,582.84	
02/01/17	534050-53901	16735	Vendor	Vivicon, Inc	Feb Grounds Maint		9,582.84	
03/01/17	534050-53901	16807	Vendor	Vivicon, Inc	March Grounds Maint		 	9,582.84 	
						Vendor Total	57,497.04	

Account Total:   Contracts-Landscape 	57,497.04 

Account Name: Insurance - General Liability

10/01/16	545002-53901	JE000070	Journal Entry	9/30/2016 General/Pol Liability Insurance Fy 16/17		5,342.00	
10/01/16	545002-53901	JE000074	Journal Entry	General/Pol Liability Insurance Fy 16/17		(3,284.00)	
10/01/16	545002-53901	JE000075	Journal Entry	General/Pol Liability Insurance Fy 16/17		 	1,656.00 	
					Journal Entries Total	3,714.00	

Account Total:   Insurance - General Liability 	3,714.00 

Account Name: R&M-Irrigation

03/17/17	546041-53901	56203	Vendor	Pope'S Water Systems, Inc	Repr Irrigation Well		550.00	
10/31/16	546041-53901	16502	Vendor	Vivicon, Inc	Irrigation For New Flowers		130.32	
11/29/16	546041-53901	16514	Vendor	Vivicon, Inc	Repr Decoder Zone 27		73.16	
11/30/16	546041-53901	16539	Vendor	Vivicon, Inc	Repr Irrigation		486.24	
12/12/16	546041-53901	16591	Vendor	Vivicon, Inc	Fertilize Ornamentals 12/8/16		490.00	
01/16/17	546041-53901	16707	Vendor	Vivicon, Inc	Repr Irrigation		569.75	
03/08/17	546041-53901	16827	Vendor	Vivicon, Inc	Treat Ornamentals 3/8/17		 	195.00 	
						Vendor Total	1,944.47	
12/02/16	546041-53901	JE000041	Journal Entry		Vivicon, Inc Irrigation Repairs		342.00	

Account Total:  R&M-Irrigation 	2,836.47 
Account Name: R&M-Pest Control

10/31/16	546070-53901	16425	Vendor	Vivicon, Inc	Pest Control 10/5/16		269.00	
01/20/17	546070-53901	16694	Vendor	Vivicon, Inc	Ant Treatment		 	1,595.00 	
						Vendor Total	1,864.00	

Account Total:  R&M-Pest Control 	1,864.00 

14

Cordoba Ranch Community Development District
Expenditure Report - General Fund Fund
For the Period(s) from Oct 01, 2016 to Mar 31, 2017 (Sorted by Department and Transaction Type)

Date	Account #	Document #	Trans. Type	Vendor Name	Description	Amount

Account Name: R&M-Plant Replacement

10/31/16	546071-53901	16430	Vendor	Vivicon, Inc	Stake Tree	70.00	
11/01/16	546071-53901	16415	Vendor	Vivicon, Inc	Fertilize Turf 10/4/16	852.00	
11/29/16	546071-53901	16519	Vendor	Vivicon, Inc	Install Landscaping	8,422.92	
03/08/17	546071-53901	16825	Vendor	Vivicon, Inc	Fertilize Turf 3/8/17	852.00	
03/08/17	546071-53901	16826	Vendor	Vivicon, Inc	Fertilize Palms 3/8/17	 	72.00 
Vendor Total	10,268.92	
10/06/16	546071-53901	JE000042	Journal Entry		Otc Palm Treatment- Vivicom Inc	 	275.00 
Journal Entries Total	275.00	
				Account Total:  R&M-Plant Replacement 	10,543.92 	
	
Account Name: R&M-Annuals				
11/01/16	546140-53901	JE000089	Journal Entry		Install Flowers	4,672.50	
12/15/16	546140-53901	JE000088	Journal Entry		Install Flowers	4,672.50	
03/21/17	546140-53901	JE000087	Journal Entry		R/C Install Flowers	 	4,672.50 
Journal Entries Total	14,017.50	
				Account Total:   R&M-Annuals 	14,017.50 	
	
Account Name: Holiday Lighting	
& Decorations			
11/14/16	549940-53901	2373	Vendor	Don Harrison Enterprises	Install Holiday Lts Gfci	200.00	
12/13/16	549940-53901	1216CE	Vendor	Illuminations Holdiay Lighting	Holiday Lights Final	2,000.00	
				Account Total:   Holiday Lighting & Decorations 	2,200.00 	

Field Department Total:	99,872.93

DEPARTMENT NAME: PARKS AND RECREATION - GENERAL
Annual Budget	$15,000	
Mar-17 YTD Actual	$14,385	
% of Annual Budget	95.90%	

Account Name: Misc-Contingency

11/11/16	549900-57201	161111-B	Vendor	Big Dog Fence, Inc	Fence Install Deposit		2,700.00	
02/14/17	549900-57201	132528	Vendor	Big Dog Fence, Inc	Repr Knee Wall Cap Blocks		785.00	
03/23/17	549900-57201	143428	Vendor	Big Dog Fence, Inc	Fence Install Final Payment		 	1,144.00 	
						Vendor Total	4,629.00	
11/21/16	549900-57201	2378	Vendor	Don Harrison Enterprises	Led Bulbs Main Entrance		139.60	
01/01/17	549900-57201	INV000000147	Vendor	Envera Systems	50 Windshield Stickers		540.00	
12/27/16	549900-57201	5-657-12039	Vendor	Fedex	12/20/16 Postage		71.98	
10/31/16	549900-57201	2686	Vendor	Robert Saliva	Repr Entrance Gate		85.00	
12/19/16	549900-57201	15626	Vendor	Severn Trent Environmental Services	Dec Mgmt Fee		11.63	
12/19/16	549900-57201	15626	Vendor	Severn Trent Environmental Services	Dec Mgmt Fee		20.70	
03/23/17	549900-57201	18449	Vendor	Severn Trent Environmental Services	March Mgmt Fee		 	65.50 	
						Vendor Total	97.83	
03/07/17	549900-57201	030717-4	Vendor	Site Masters Of Florida, Llc	Stormwater Maint-22 Areas		8,000.00	
11/09/16	549900-57201	JE000036	Journal Entry		Repr Entrance Gate		85.00	
11/29/16	549900-57201	JE000038	Journal Entry		11/15/16 Postage		54.20	
01/16/17	549900-57201	JE000072	Journal Entry		Jan Mgmt Fees		136.85	
01/24/17	549900-57201	JE000071	Journal Entry		Jan Postage		83.46	
01/31/17	549900-57201	JE000069	Journal Entry		January Bank Adj		3.00	
02/28/17	549900-57201	JE000080	Journal Entry		Reverse Deposit Dep00017		3.00	
02/28/17	549900-57201	JE000081	Journal Entry		Feb Mgmt Fee		101.00	
02/28/17	549900-57201	JE000082	Journal Entry		Feb Mgmt Fee		7.40	
03/31/17	549900-57201	DEP00023	Bank Account		Jefferson Bank Fee		3.00	
03/31/17	549900-57201	RC	Journal Entry		March Mgmt Fee		89.31	
03/31/17	549900-57201	RC	Journal Entry		Certified Parcel Application		 	255.00 	
					Journal Entries Total

Account Total:   Misc-Contingency	821.22

 	14,384.63 	
Parks And Recreation - General Department Total:	14,384.63	
		
TOTAL EXPENDITURES & OTHER FINANCING USES:	$214,492.97	
	15	

2C.

  
Specializing In Tax - Exempt Bond Services

LLS Tax  Solutions 2172 W. Nine Mile Rd. #352
Pensacola, FL 32534
Telephone: 850-754-0311
Email: liscott@llstax.com

March 2, 2017

Cordoba Ranch Community Development District c/o Rizzetta & Company, Inc.
12750 Citrus Park Lane, Suite 115
Tampa, Florida 33625

Thank you for choosing LLS Tax Solutions Inc. (“LLS Tax”) to provide arbitrage services to Cordoba Ranch Community Development District (“Client”) for the following bond issues. This Engagement Letter describes the scope of the LLS Tax services, the respective responsibilities of LLS Tax and Client relating to this engagement and the fees LLS Tax expects to charge.

Cordoba Ranch Community Development District (Hillsborough County, Florida)
$10,220,000 Special Assessment Revenue Bonds, Series 2006

SCOPE OF SERVICES

The procedures that we will perform are as follows:

Assist in calculation of the bond yield, unless previously computed and provided to us.

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

Issuance of a report presenting the cumulative results since the issue date of the issue of bonds.

Preparation of necessary reports and Internal Revenue Service (“IRS”) forms to accompany any required payment to the federal government.

As a part of our engagement, we will read certain documents associated with each issue of bonds for which services are being rendered. We will determine gross proceeds of each issue of bonds based on the information provided in such bond documents. You will have sole responsibility for determining any other amounts not discussed in those documents that may constitute gross proceeds of each series of bonds for the purposes of the arbitrage requirements.

TAX POSITIONS AND REPORTABLE TRANSACTIONS

Because the tax law is not always clear, we will use our professional judgment in resolving questions affecting the arbitrage calculations. Unless you instruct us otherwise, we will take the reporting position most favorable to you whenever reasonable. Any of your bond issues may be selected for review by the IRS, which may not agree with our positions. Any proposed adjustments are subject to certain rights of appeal. Because of the lack of clarity in the law, we cannot provide assurances that

the positions asserted by the IRS may not ultimately be sustained, which could result in the assessment of potential penalties. You have the ultimate responsibility for your compliance with the arbitrage laws; therefore, you should review the calculations carefully.

The IRS and some states have promulgated “tax shelter” rules that require taxpayers to disclose their participation in “reportable transactions” by attaching a disclosure form to their federal and/or state income tax returns and, when necessary, by filing a copy with the Internal Revenue Service and/or the applicable state agency.  These rules impose significant requirements to disclose transactions and  such disclosures may encompass many transactions entered into in the normal course of business.
Failure to make such disclosures will result in substantial penalties. In addition, an excise tax is imposed on exempt organizations (including state and local governments) that are a party to prohibited tax shelter transactions (which are defined using the reportable transaction rules). Client is responsible for ensuring that it has properly disclosed all “reportable transactions” and, where applicable, complied with the excise tax provision. The LLS Tax services that are the subject of this Engagement Letter do not include any undertaking by LLS Tax to identify any reportable transactions that have not been the subject of a prior consultation between LLS Tax and Client. Such services, if desired by Client, will be the subject of a separate engagement letter.  LLS Tax may also be required to report to the IRS or certain state tax authorities certain tax services or transactions as well as Client’s participation therein. The determination of whether, when and to what extent LLS Tax complies with its federal or state “tax shelter” reporting requirements will be made exclusively by LLS Tax.  LLS Tax will not be liable for any penalties resulting from Client’s failure to accurately and timely file any required disclosure or pay any related excise tax nor will LLS Tax be held responsible for any consequences of its own compliance with its reporting obligations. Please note that any disclosure required by or made pursuant to the tax shelter rules is separate and distinct from any other disclosure that Client might be required to or choose to make with its tax returns (e.g., disclosure on federal Form 8275 or similar state disclosure).

PROFESSIONAL FEES AND EXPENSES

Our professional fees for services listed above for the three annual bond years ended June 30, 2017, June 30, 2018, and June 30, 2019 is $1,500, which is $500 each year. We will bill you upon completion of our services or on a monthly basis. Our invoices are payable upon receipt.
Additionally, you may request additional consulting services from us upon occasion; we will bill you for these consulting services at a beforehand agreed upon rate.

Unanticipated factors that could increase our fees beyond the estimate given above include the following (without limitation). Should any of these factors arise we will alert you before additional fees are incurred.

Investment data provided by you is not in good order or is unusually voluminous.

Proceeds of bonds have been commingled with amounts not considered gross proceeds of the bonds (if that circumstance has not previously been communicated to us).

A review or other inquiry by the IRS with respect to an issue of bonds.

The Client (District) has the option to terminate this Agreement within ninety days of providing notice to LLS Tax Solutions Inc. of its intent.

ACCEPTANCE

You understand that the arbitrage services, report and IRS forms described above are solely to assist you in meeting your requirements for federal income tax compliance purposes. This Engagement Letter constitutes the entire agreement between Client and LLS Tax with respect to this engagement, supersedes all other oral and written representations, understandings or agreements relating to this engagement, and may not be amended except by the mutual written agreement of the Client and LLS Tax.

Please indicate your acceptance of this agreement by signing in the space provided below and returning a copy of this Engagement Letter to us. Thank you again for this opportunity to work with you.

Very truly yours,	AGREED AND ACCEPTED:
LLS Tax Solutions Inc.	Cordoba Ranch Community Development District

By:   	
By:   Linda L. Scott		Print Name   	
Linda L. Scott, CPA	Title	 Date:   	

Fifth Order of Business

04/12/2017

The following report is for April to illustrate what has changed from March and what to expect through April and the coming months. The photos this month were taken on Tuesday, April 11, 2017.
The ponds were treated on Tuesday April 4th this month. Water levels are down as far as they have ever been. We still have not had any rain to speak of. Overall, the ponds are still in good shape. There was a little Algae and some submersed that was showing with the really low water levels.
The water levels are as low as I have ever seen them and not much rain forecast for the next month.
We did provide a quote to plant the Littoral Shelves a couple weeks ago and hope that it will be approved In the coming months. Please keep an eye on the pond 100 fountain because of the low water levels. I Checked the timers and lights and all appeared to be working and the timers were keeping proper time.

Thank you for your business! Sincerely,

Scott Croft Aquagenix

Date: 4/11/17	

Pond #100	
What we found: Pond overall looks good. The water levels are very low.

What we did: Treated Exposed Shoreline. No Algae.

What to expect Water levels to stay extremely low during the drought like conditions.		
Recommendations & Notes: Keep an eye on the decreasing pond level. If it continues to drop the fountain will Need to be turned off. As of this point, it appears to be ok.	

Date: 4/11/17	Pond #110	
What we found: Pond is looking good. Big exposed shoreline with the Drought conditions

What we did: Exposed Shoreline was treated.

What to expect: Pond will continue to look good, but very low.		
Notes: Fountain OK for now, but at some point it may need to be shut off if we don’t get rain soon.	
Page 1

Date: 4/11/17	
Pond #120	

What we found: Big exposed shoreline

What we did: Treated Grasses on exposed shoreline ( Spot Treat) Sprayed the Littoral Shelf

What to Expect: Continued low water levels.		
Recommendations & Notes: Planting the shelf	

Date: 4/11/17	Pond #125	
What we found: Pond has some exposed Spike rush that was treated. Also another submersed weed that we are working on

What we did: Sprayed the exposed shoreline. Treated for minimal Algae.

What to Expect: Pond to look better when the rains come. Very low water level on Littoral Shelf.		
Recommendations & Notes: At some point this could be a good pond for Triploid Grass Carp. They will help eat the submersed vegetation.	

Page 2

Date: 4/11/17	Pond #126	
What we found: Water levels are extremely low as can be seen.

What we did: Treated exposed shoreline.

What to expect Pond to stay low with the drought conditions.		
Recommendations & Notes: No real issues except the low water level	

Date: 4/11/17	Pond #130	
What we found: Pond is very shallow; it has a little Slender Spike rush in it and Algae.
What we did: Treated the exposed areas and spot treated the Algae

What to expect: Algae will die off.		
Recommendations & Notes: This pond will be part of the future planting plans and would look much better with Pickerelweed or arrowhead throughout the southern ditch. This photo is facing south.	

Page 3

Date: 4/11/17	Pond #140	
What we found: Had a little Submersed and Algae.

What we will do: Treated the algae submersed and exposed Spike rush.

What to expect: Algae will die off.		
Recommendations & Notes: This will be part of the planting quote.	

Date: 4/11/17	Pond #143A	
What we found: Extremely Low water level

What we did: Treated for exposed grasses. ( Spot treatment)

What to expect: Continue to be a puddle until the rainy season kicks in.		
Recommendations & Notes: Need Rain Very Badly	

Page 4

Date: 4/11/17	Pond #143B	
What we found: Very little water in this pond. Even less than last month.

What we will do: We Spot treated the exposed bank.

What to Expect: Will dry up very soon.		
Recommendations & Notes: Will be part of the planting quote.	

Date: 4/11/17	Pond #146	
What we found: Very Low Water Level

What we did: Spot treated exposed shoreline.

What to expect: Continued low water levels without any rain.		
Recommendations & Notes: OK	

Page 5

They are building a pool to the north of the pond. Silt barrier is down allowing the pool builder into the backyard
Date: 4/11/17	Pond #150	
What we found: Besides the very low water levels, this pond looks great.

What we did: Spot treated exposed shoreline.

What to expect: Hopefully rain over the next couple weeks.		

Recommendations & Notes: Still working on the pool to the north of this pond.	

Date: 4/11/17	Pond #170	
What we found: Pond in Very good shape.

What we did: Spot treated exposed shoreline.

What to expect: The pond to continue to look good.		

Recommendations & Notes: Pond to continue to look good.	

Page 6

Date: 4/11/17	Pond #180	
What we found: some submersed on the Littoral shelf. Rest of pond looks good.
What we did: Treated for it and spot treat shoreline grasses.
What to expect: Submersed to die off slowly.		

Date: 4/11/17	Pond #185	
What we found: Water levels are very low. Trace of Spikerush What we did: Treated exposed shoreline and Spikerush

What to expect: Continued low water levels.		
Recommendations & Notes: Would be part of the Planting quote.	
Page 7

Date: 4-11-17	Pond 190A	

What we found: Low water level. Littoral shelf partially exposed.

What we did: Treated perimeter grasses and exposed Littoral Shelf.

What to expect: Continued low water levels until the rainy season starts.		
Recommendations & Notes: Planting the Littoral Shelf over the next few months.	

Date: 04/11/17	Pond # 190B	
What we found: Still looking great this month also.

What we did: Spot treated trace of Algae
What to expect: Should stay pretty clean.		
Recommendations & Notes: Littoral Shelf planting over the next few months if approved.	
Page 8

Date: 4/11/17	Pond #200	
What we found: Water levels very low. PA is prevalent
What we did: Spot treated exposed shoreline.
What to expect: Continued issues with this pond until the rainy season begins.		
Recommendations & Notes: Did not treat the Algae ( PA) because of such low water levels	

Date: 4/11/17	Pond #210	
What we found: Water level way down. Both Shelfs are completely exposed.

What we did: Treated all exposed Littoral Shelf and shoreline.

What to expect: Growth on Littoral Shelf to die off.		
Recommendations & Notes: Eventually plant both Littoral shelf ends of the pond. Plant it in the summer hopefully	

Page 9

Date: 4/11/17	Pond #220	
What we found: Extremely low water level. ( Pretty much the same as last month)

What we did: Spot Treated exposed shoreline.

What to expect: Continued low water levels.		
Recommendations & Notes:	

Date: 4/11/17	Pond #230	
What we found: Pond itself is looking good. It has undermining under the cap on the pipe that is straight ahead in the picture.

What we did: Sprayed Exposed Shoreline.

What to expect: Extremely low water levels for the immediate future.		
Recommendations & Notes: Part of the Littoral Shelf Planting Quote. Consider fixing the undermining.	

Page 10

Date: 4/11/17	Pond #240A	
What we found: Dry pond

What we did: Treated exposed Pond bottom

What to expect: More of the same		
Recommendations & Notes:	

Date: 4/11/17	Pond #240 B	
What we found: Pond Dry

What we did: Sprayed exposed bottom.

What to expect: Continued low water levels.		
Recommendations & Notes: Will keep an eye on the concrete cap minimal undermining to insure it does not crack. We can provide a proposal for this (same).	

Page 11

Date: 4/11/17	Pond #260	
What we found: Low water level. Submersed Looks better

What we did: Treated exposed pond bottom.

What to expect: Continue to look very good.		
Recommendations & Notes: Littoral Shelf will be part of the planting quote.	

Date: 4/11/17	Pond #270A	
What we found: Pretty much the same as last month.

What we did: Treated exposed shoreline. Keep some Spatterdock to take up nutrients.

What to expect: Should stay pretty clean.		
Recommendations & Notes: None at this time.	
Page 12

Date: 4/11/17	Pond #270B	
What we found: Very low water levels and almost dry.

What we did: Treated exposed areas and shoreline

What to expect: Continued low water levels		
Recommendations & Notes: Part of the Planting Quote.	

Date: 4/11/17	Pond #280	
What we found: Pond still looks good.

What we did: Treated for trace of Algae

What to expect: Pond to continue to look really good.		
Recommendations & Notes: Northeast corner is part of the planting quote.	
	
Page 13

Date: 4/11/17	Pond #290	
What we found: Light Algae on west end

What we did: Treated for it.

What to expect: Algae to drop off		
Recommendations & Notes: Will require more plants on the northeast littoral shelf.	

Date: 4/11/17	Pond #300	

What we found: Water level very low.

What we did: Inspected this one

What to expect: Continued low water level. Pond very tough too access with machine at this point with all the construction.		
Recommendations & Notes: Yellow Boom need removed.	

Page 14

Date: 4/11/17	Pond #310	

What we found: The Littoral shelf is completely dry. And pond very low.

What we did: Treated exposed Littoral Shelf.

What to expect: This pond need a lot of rain before any planting occur.		
Recommendations & Notes: Part of planting quote. Needs water bad.	

Date: 4/11/17	Pond #320	

What we found: Water Levels very very low

What we did: Treated exposed Shoreline

What to expect: Continued low water levels.		
Recommendations & Notes: None	
Page 15

Sixth Order of Business

Aqua	en	x
A  DB i	S  E  R  V  I  C  E S	COMPANY

MANAGING   YOUR   E  N V  I  R O  N  M  E  N  T A  L NEEDS
Special Service Agreement
Cordoba Ranch CDD
c/o Severn Trent - North America 2654 Cypress Ridge Blvd., #102 Wesley Chapel, FL 33544
Contact: Andy Mendenhall Phone: (813) 991-1116

Proposal ID	Date
93396	3/22/2017

Terms
50% Deposit Due Before Work Begins

We are pleased to quote special pricing as follows

Supply, delivery and installation of Florida beneficial Pickerelweed (Ponterderia cordata) (this is based on best survival chance. We can include duck potato but feel Pickerelweed is a better option) for the pond perimeters and littoral shelves within the development. Perimter plantings would be done on 36" spacing and littorals would be done on 36" centers.
Plants will be approximately 18-24" high.

Quantity Description
6843 Pickerel weed for pond perimters {based on 20,527 LF with 3 ft
spacing)
16696 Pickerel weed for littoral shelves (based on 160,270 sq. ft on plans dated 3-21-17) on 3' centers
NOTE - COD must furnish a current tax exempt certificate

Taxable	Unit Price	xtended Price
No	$0.70	$4,790.10

No	$0.70	$11,687.20

No

Total	$16,477.30

This offer is good for twenty one (21) days from date of quote. Sales Tax Not Included.
DO NOT PAY FROM THIS AGREEMENT- INVOICE TO FOLLOW

AQUAGENIX
ST £VG	t'.oa<-G-

CUSTOMEH

3PR_IN...zT..zNA-1ME7	PRINT NAME

DATE	DATE

BRANCH OFFICE
6203 Johns Road  , Suites  7 & 8 . Tampa FL 33634-4441 USA I T +l  813 627 8710 I F+l   813 627 8630	www.aquagenixaquatics.com