Avenir	
Community Development District	

Proposed Budget For	
Fiscal Year 2021/2022	
October 1, 2021 - September 30, 2022	

CONTENTS

I	PROPOSED BUDGET	

II	DETAILED PROPOSED BUDGET	

III	DETAILED PROPOSED DEBT SERVICE BUDGET (SERIES 2018)	

IV	DETAILED PROPOSED DEBT SERVICE BUDGET (SERIES 2019)	

V	DETAILED PROPOSED DEBT SERVICE BUDGET (SERIES 2020)	

VI	ASSESSMENT COMPARISON - PARCELS A-1 - A-5	

VII	ASSESSMENT COMPARISON - PARCELS A-6 - A-9	

PROPOSED BUDGET
AVENIR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	
FISCAL YEAR	
	2021/2022	
	BUDGET	
O&M Assessments	3,244,953	
Landowner Contribution - O&M	0	
Landowner Contribution - Debt	0	
Debt Assessments - Series 2018	3,619,239	
Debt Assessments - Series 2019	1,548,229	
Debt Assessments - Series 2020	17,162,650	
Debt - Capitalized Interest	0	
Bond Prepayments	0	
Bond Prepayments - Sent to Trustee	0	
Interest Income	0	
		
TOTAL REVENUES	$	25,575,071	
		
EXPENDITURES		
Supervisor Fees	0	
Engineering/Inspections	15,000	
Management	39,631	
Legal	60,000	
Assessment Roll	7,500	
Audit Fees	8,000	
Arbitrage Rebate Fee	1,950	
Insurance	8,000	
Legal Advertisements	4,500	
Miscellaneous	2,000	
Postage	500	
Office Supplies	2,000	
Dues & Subscriptions	175	
Trustee Fees	18,000	
Continuing Disclosure Fee	3,000	
Website Management	2,000	
Appraisal Fee	0	
Miscellaneous Maintenance	25,000	
Base Landscape Maintenance	450,000	
Optional Landscape Maintenance	100,000	
Lake Maintenance	28,000	
Stormwater / Lake Water Control	180,000	
Mitigation Maintenance	130,000	
Trail Maintenance	5,000	
Wild Hog Control	15,000	
Pump Maintenance	25,000	
Streetlight	100,000	
Electric (FPL)	225,000	
Water (Seacoast)	100,000	
Field Operations	20,000	
		
Clubhouse Management/Personnel	530,000	
Clubhouse Operating	945,000	
		
TOTAL EXPENDITURES	$	3,050,256	
		
REVENUES LESS EXPENDITURES	$	22,524,815	
		
Bond Payments - Series 2018	(3,402,085)	
Bond Payments - Series 2019	(1,455,335)	
Bond Payments - Series 2020	(17,162,650)	
		
BALANCE	$	504,745	
		
County Appraiser & Tax Collector Fee	(168,248)	
Discounts For Early Payments	(336,497)	
		
EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
AVENIR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	
FISCAL YEAR	
FISCAL YEAR	
FISCAL YEAR	

COMMENTS	
	2019/2020	2020/2021	2021/2022		
	ACTUAL	BUDGET	BUDGET		
O&M Assessments	0	1,471,818	3,244,953	Total Expenses / .94	
Landowner Contribution - O&M	834,858	0	0	Landowner Contribution - O&M	
Landowner Contribution - Debt	0	0	0	Landowner Contribution - Debt	
Debt Assessments - Series 2018	0	4,567,518	3,619,239	Bond Payments/.94	
Debt Assessments - Series 2019	0	1,552,957	1,548,229	Bond Payments/.94	
Debt Assessments - Series 2020	0	0	17,162,650		
Debt - Capitalized Interest	0	0	0		
Bond Prepayments	2,005,051	0	0		
Bond Prepayments - Sent to Trustee	(2,005,051)	0	0		
Interest Income	101	1	0		
					
TOTAL REVENUES	$	834,959	$	7,592,294	$    25,575,071		
					
EXPENDITURES					
Supervisor Fees	0	0	0		
Engineering/Inspections	5,800	15,000	15,000		
Management	38,208	39,084	39,631	CPI Adjustment	
Legal	52,433	40,000	60,000		
Assessment Roll	7,500	7,500	7,500		
Audit Fees	5,000	8,000	8,000		
Arbitrage Rebate Fee	1,300	1,950	1,950		
Insurance	4,809	8,000	8,000	Insurance Estimate	
Legal Advertisements	4,945	3,500	4,500		
Miscellaneous	992	3,000	2,000		
Postage	252	300	500		
Office Supplies	2,719	2,000	2,000		
Dues & Subscriptions	175	175	175		
Trustee Fees	12,000	15,000	18,000		
Continuing Disclosure Fee	1,500	3,000	3,000		
Website Management	2,000	2,000	2,000		
Appraisal Fee	0	0	0		
Miscellaneous Maintenance	93,724	25,000	25,000		
Base Landscape Maintenance	189,477	500,000	450,000		
Optional Landscape Maintenance	0	0	100,000		
Lake Maintenance	0	50,000	28,000		
Stormwater / Lake Water Control	110,649	20,000	180,000		
Mitigation Maintenance	54,250	75,000	130,000		
Trail Maintenance	0	5,000	5,000		
Wild Hog Control	6,250	15,000	15,000		
Pump Maintenance	80,386	25,000	25,000		
Streetlight	0	100,000	100,000		
Electric (FPL)	55,393	225,000	225,000		
Water (Seacoast)	85,748	125,000	100,000		
Field Operations	0	20,000	20,000		
					
Clubhouse Management/Personnel	0	20,000	530,000		
Clubhouse Operating	0	30,000	945,000		
					
TOTAL EXPENDITURES	$	815,510	$	1,383,509	$	3,050,256		
					
REVENUES LESS EXPENDITURES	$	19,449	$	6,208,785	$    22,524,815		
					
Bond Payments - Series 2018	0	(4,293,467)	(3,402,085)	2020 P & I Payments Less Earned Interest	
Bond Payments - Series 2019	0	(1,459,780)	(1,455,335)	2020 P & I Payments Less Earned Interest	
Bond Payments - Series 2020	0	0	(17,162,650)		
					
BALANCE	$	19,449	$	455,538	$	504,745		
					
County Appraiser & Tax Collector Fee	0	(151,846)	(168,248)		
Discounts For Early Payments	0	(303,692)	(336,497)		
					
EXCESS/ (SHORTFALL)	$	19,449	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET - SERIES 2018
AVENIR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2019/2020 ACTUAL	FISCAL YEAR 2020/2021 BUDGET	FISCAL YEAR 2021/2022 BUDGET	

COMMENTS	
Interest Income	36,675	500	500	Projected Interest For 2021/2022	
Net NAV Tax Collection 2018-1	2,090,968	2,098,851	2,098,851	Maximum Net Debt Service Collection	

Net Collection 2018-2 (Taxable & Tax-Exempt)	1,010,053	1,382,255	490,873	
Estimate - Collected from Developer / Home Builder	
Net NAV Tax Collection 2018-3	810,354	811,861	811,861	Maximum Net Debt Service Collection	
Landowner Contribution	0	0	0		
Prepaid Bond Collections	2,005,051	0	0		
Total Revenues	$	5,953,100	$	4,293,467	$	3,402,085		
					
EXPENDITURES					
Principal Payments 2018-1	880,000	435,000	460,000	Principal Payment Due In 2022	

Principal Payments 2018-2 Taxable	9,495,000	0	0	Bonds Paid off as lots sold to Homebuilder	
Principal Payments 2018-2 TE	2,415,000	0	0	Bonds Paid off as lots sold to Homebuilder	
Principal Payments 2018-3	150,000	155,000	165,000	Principal Payment Due In 2022	
Interest Payments 2018-1	1,712,700	1,666,913	1,638,725	Interest Payments Due In 2022	

Interest Payments 2018-2 Taxable	849,843	1,162,880	412,775	Estimated Interest Payments Due In 2022	
Interest Payments 2018-2 TE	160,436	219,375	78,098	Estimated Interest Payments Due In 2022	
Interest Payments 2018-3	664,988	651,906	642,706	Interest Payments Due In 2022	
Bond Redemptions	0	2,393	4,781	Estimated Excess Debt Collections	
Total Expenditures	$	16,327,966	$	4,293,467	$	3,402,085		
					
Excess/ (Shortfall)	$	(10,374,866)	$	-	$	-		

Notes
Capitalized Interest Was Set-Up Through May 2019 Principal & Interest Payments Will Be Lower
Due To Bond Prepayments And True-Up Payments

Series 2018-1 Bond Information
Original Par Amount =	$31,500,000	Annual Principal Payments Due =	May 1st	
Interest Rate = Issue Date =
Maturity Date =	5.50%
May 2018
May 2049	Annual Interest Payments Due =	May 1st & November 1st	

Series 2018-2 Taxable Bond Information	
Original Par Amount =	$18,445,000	Annual Principal Payments Due =	Paid as Lots Sold to Home Builders	
Interest Rate = Issue Date =
Maturity Date =	7.90%
May 2018
May 2029	Annual Interest Payments Due =

NOTE: These Bonds are paid off as lot are sold to	May 1st & November 1st

Home Builders	

Series 2018-2 Tax Exempt (TE) Bond Information	
Original Par Amount =	$4,700,000	Annual Principal Payments Due =	Paid as Lots Sold to Home Builders	
Interest Rate = Issue Date =
Maturity Date =	5.85%
May 2018
May 2029	Annual Interest Payments Due =

NOTE: These Bonds are paid off as lot are sold to	May 1st & November 1st

Home Builders	

Series 2018-3 Bond Information	
Original Par Amount =	$11,565,000	Annual Principal Payments Due =	May 1st	
Interest Rate =
Issue Date = Maturity Date =	5.75%
May 2018
May 2049	Annual Interest Payments Due =	May 1st & November 1st	

DETAILED PROPOSED DEBT SERVICE FUND BUDGET - SERIES 2019
AVENIR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	
FISCAL YEAR	
FISCAL YEAR	
FISCAL YEAR	

COMMENTS	
	2019/2020	2020/2021	2021/2022		
	ACTUAL	BUDGET	BUDGET		
Interest Income	9,628	0	0	Projected Interest For 2021/2022	
Net NAV Tax Collection	0	1,082,780	1,078,335	Maximum Net Debt Service Collection	
Net NAV Tax Collection B	0	377,000	377,000	
Estimate - Collected from Developer / Home Builder	
Landowner Contribution	0	0	0	
Capitalized Interest Set-Up Through May 2020	
Capitalized Interest	1,064,531	0	0	
Capitalized Interest Set-Up Through May 2020	
Total Revenues	$	1,074,159	$	1,459,780	$	1,455,335		
					
EXPENDITURES					
Principal Payments	0	205,000	220,000	Principal Payments Due In 2022	
Principal Payments B	0	0	0		
Interest Payments	930,487	873,460	861,560	Interest Payments Due In 2022	
Interest Payments B	134,044	377,000	377,000	Estimated Interest Payments Due in 2022	
Bond Redemptions	0	4,320	-3,225	Estimated Excess Debt Collections	
Total Expenditures	$	1,064,531	$	1,459,780	$	1,455,335		
					
Excess/ (Shortfall)	$	9,628	$	-	$	-		

Note: Capitalized Interest Was Set-Up Through May 2020

Original Par Amount =	
Interest Rate =	
Issue Date =	
Maturity Date =	

Series 2019 Bond Information	
$15,700,000	Annual Principal Payments Due =	May 1st	
5.60%	Annual Interest Payments Due =	May 1st & November 1st	
April 2019			
May 2050			

Original Par Amount =	
Interest Rate =	
Issue Date =	
Maturity Date =	

Series 2019 B Taxable Bond Information	
$2,200,000	Annual Principal Payments Due =	Paid as Lots Sold to Home Builders	
6.875%	Annual Interest Payments Due =	May 1st & November 1st	
December 2019			
May 2029			

Original Par Amount =	
Interest Rate =	
Issue Date =	
Maturity Date =	

Series 2019 B Tax Exempt (TE) Bond Information	
$4,300,000	Annual Principal Payments Due =	Paid as Lots Sold to Home Builders	
5.250%	Annual Interest Payments Due =	May 1st & November 1st	
December 2019			
May 2029			

DETAILED PROPOSED DEBT SERVICE FUND BUDGET - SERIES 2020
AVENIR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2019/2020 ACTUAL	FISCAL YEAR 2020/2021 BUDGET	FISCAL YEAR 2020/2021 BUDGET	

COMMENTS	
Interest Income	0	0	0	Projected Interest For 2021/2022	
Impact Fees	0	1,344,857	1,073,500	Paid As Impact Fee Credits Are Earned	
SAN			16,089,150	Bond Due in Full 11/1/2021	
Total Revenues	$	-	$	1,344,857	$	17,162,650		
					
EXPENDITURES					
Impact Fee Principal Payments	0	0	0	No Principal Payments Due In 2022	
Impact Fee Interest Payments	0	1,344,857	1,073,500	Estimated Interest Payments Due In 2022	
SAN Principal			15,400,000	Bond Due in Full 11/1/2021	
SAN Interest			689,150	Bond Due in Full 11/1/2021	
Total Expenditures	$	-	$	1,344,857	$	17,162,650		
					
Excess/ (Shortfall)	$	-	$	-	$	-		

Series 2020 Bond Information
Original Par Amount =	$22,600,000	Annual Principal Payments Due =	Paid as Impact Fee Credits Are Earned	
Interest Rate = Issue Date =
Maturity Date =	4.75%
July 2020
November 2050	Annual Interest Payments Due =	May 1st & November 1st	

Series 2020 SAN Information	
Original Par Amount =	$15,400,000	Annual Principal Payments Due =	Due in Full November 1, 2021	
Interest Rate = Issue Date =
Maturity Date =	4.50%
October 2020
November 2021	Annual Interest Payments Due =	Due in Full November 1, 2021	

Avenir Community Development District Assessment Comparison (Parcels A-1 - A-5)

Fiscal Year	
Original	
Projected	
Gross Assessment	
O&M Assessment For Parcel A-1	$	-	
Clubhouse Operation Assessment For Parcel A-1	$	-	
Debt (2018-1) Assessment For Parcel A-1	$	2,077.13	
Debt (2018-3 Clubhouse) Assessment For Parcel A-1	$	742.00	
Total	$	2,819.13	

Fiscal Year	
2019/2020	
Gross	
Assessment	
$	157.68	
$	-	
$	2,077.13	
   $	742.00  	
$	2,976.81	

Fiscal Year 2020/2021
Gross Assessment
$
$
$

696.77

Fiscal Year	
2020/2021	
Projected	
Gross Assessment	
$	823.90	
$	1,352.71	
$	2,077.13	
  $	742.00  	
$	4,995.74	

45.78
2,077.13

   $	742.00  
$	3,561.68

O&M Assessment For Parcel A-2	$	-	
Clubhouse Operation Assessment For Parcel A-2	$	-	
Debt (2018-1) Assessment For Parcel A-2	$	1,982.71	
Debt (2018-3 Clubhouse) Assessment For Parcel A-2	$	742.00	
Total	$	2,724.71	

$	157.68	
$	-	
$	1,982.71	
   $	742.00  	
$	2,882.39	

$	823.90	
$	1,352.71	
$	1,982.71	
  $	742.00  	
$	4,901.32	

$	696.77
$	45.78
$	1,982.71
   $	742.00  
$	3,467.26

O&M Assessment For Parcel A-3	$	-	
Clubhouse Operation Assessment For Parcel A-3	$	-	
Debt (2018-1) Assessment For Parcel A-3	$	1,888.30	
Debt (2018-3 Clubhouse) Assessment For Parcel A-3	$	742.00	
Total	$	2,630.30	

$	157.68	
$	-	
$	1,888.30	
   $	742.00  	
$	2,787.98	

$	823.90	
$	1,352.71	
$	1,888.30	
  $	742.00  	
$	4,806.91	

$	696.77
$	45.78
$	1,888.30
   $	742.00  
$	3,372.85

O&M Assessment For Parcel A-4	$	-	
Clubhouse Operation Assessment For Parcel A-4	$	-	
Debt (2018-1) Assessment For Parcel A-4	$	2,171.54	
Debt (2018-3 Clubhouse) Assessment For Parcel A-4	$	742.00	
Total	$	2,913.54	

$	157.68	$	696.77	$	823.90	
$	-	$	45.78	$	1,352.71	
$	2,171.54	$	2,171.54	$	2,171.54	
   $	742.00  	   $	742.00  	  $	742.00  	
$	3,071.22	$	3,656.09	$	5,090.15	

O&M Assessment For Parcel A-5 (50 Foot)	$	-	
Clubhouse Operation Assessment For Parcel A-5 (50 Foot)	$	-	
Debt (2018-1) Assessment For Parcel A-5 (50 Foot)	$	1,888.30	
Debt (2018-3 Clubhouse) Assessment For Parcel A-5 (50 Foot)	$	-	
Total	$	1,888.30	

$	157.68	$	696.77	$	823.90	
$	-	$	-	$	-	
$	1,888.30	$	1,888.30	$	1,888.30	
   $	- 	   $	- 	  $	- 	
$	2,045.98	$	2,585.07	$	2,712.20	

O&M Assessment For Parcel A-5 (60 Foot)	$	-	
Clubhouse Operation Assessment For Parcel A-5 (60 Foot)	$	-	
Debt (2018-1) Assessment For Parcel A-5 (60 Foot)	$	1,982.71	
Debt (2018-3 Clubhouse) Assessment For Parcel A-5 (60 Foot)	$	-	
Total	$	1,982.71	

$	157.68	$	696.77	$	823.90	
$	-	$	-	$	-	
$	1,982.71	$	1,982.71	$	1,982.71	
   $	- 	   $	- 	  $	- 	
$	2,140.39	$	2,679.48	$	2,806.61	

O&M Assessment For S.F. Villas	$	-	
Clubhouse Operation Assessment For S.F. Villas	$	-	
Debt (2018-1) Assessment For S.F. Villas	$	1,063.83	
Debt (2018-3 Clubhouse) Assessment For S.F. Villas	$	742.00	
Total	$	1,805.83	

$	157.68	$	696.77	$	823.90	
$	-	$	45.78	$	1,352.71	
$	1,063.83	$	1,063.83	$	1,063.83	
   $	742.00  	   $	742.00  	  $	742.00  	
$	1,963.51	$	2,548.38	$	3,982.44	

O&M Assessment For Econ Dev	$	-	
Clubhouse Operation Assessment For Econ Dev	$	-	
Debt (2018-1) Assessment For Econ Dev	$	2,127.66	
Debt (2018-3 Clubhouse) Assessment For Econ Dev	$	-	
Total (Per Acre)	$	2,127.66	

$	157.68	$	696.77	$	823.90	
$	-	$	-	$	-	
$	2,127.66	$	2,127.66	$	2,127.66	
   $	- 	   $	- 	  $	- 	
$	2,285.34	$	2,824.43	$	2,951.56	

O&M Assessment For Town Center	$	-	
Clubhouse Operation Assessment For Town Center	$	-	
Debt (2018-1) Assessment For Town Center	$	2,127.66	
Debt (2018-3 Clubhouse) Assessment For Town Center	$	-	
Total (Per Acre)	$	2,127.66	

$	157.68	$	696.77	$	823.90	
$	-	$	-	$	-	
$	2,127.66	$	2,127.66	$	2,127.66	
   $	- 	   $	- 	  $	- 	
$	2,285.34	$	2,824.43	$	2,951.56	

* Assessments Include the Following :		
4% Discount for Early Payments	
1% County Tax Collector Fee	
1% County Property Appraiser Fee	

Community Information		
First Phase		
Parcel A-1	98	
Parcel A-2	92	
Parcel A-3	119	
Parcel A-4	107	
Parcel A-5	267	
Parcel A-5	202	
SF Villas	250	
First Phase Residential	1,135	
Econ Dev (50 Acres)	177	
Town Center (53 Acres)	228	
Total First Phase	1,540	

Second Phase		
Parcel A-6	245	
Parcel A-7	50	
Parcel A-8	98	
Parcel A-9	101	
Total Second Phase	494	

TOTAL UNITS		
Phase 1	1,540	
Phase 2	494	
Total Units	2,034	

Total Gross O&M Expenses / Total O&M Units =

$1,675,804	/	2,034	

TOTAL RESIDENTIAL UNITS		
Phase 1	1,135	
Phase 2	494	
Total Units	1,629	

TOTALCLUBHOUSE UNITS		
Phase 1	666	
Phase 2	494	
Total Units	1,160	

Total Gross Clubhouse Operation Expenses / Total Clubhouse Units =

$1,569,149	/	1,160	

O&M per Unit

$823.90

Clubhouse Operation per Unit

$1,352.71

Note: Parcel A-5, Econ Dev, and Town Center are Not Assessed For	
Clubhouse Assessment - Receives No Special Benefit	

Avenir Community Development District Assessment Comparison (Parcels A-6 - A-9)

Fiscal Year	
2019/2020	
Gross	
Assessment	
$	157.68	
$	-	
$	-	
   $	742.00  	
$	899.68	

Fiscal Year	
2020/2021	
Gross	
Assessment	
$	696.77	
$	45.78	
$	2,322.00	
   $	742.00  	
$	3,806.55	

Fiscal Year	
2020/2021	
Projected	
Gross Assessment	
$	823.90	
$	1,352.71	
$	2,322.00	
   $	742.00  	
$	5,240.61	

Fiscal Year Original Projected
Gross Assessment

O&M Assessment For Parcel A-6	
Clubhouse Operation Assessment For Parcel A-6	
Debt (2019) Assessment For Parcel A-6	
Debt (2018-3 Clubhouse) Assessment For Parcel A-6	
Total	

$	-
$	-
$	2,322.00

$	157.68	
$	-	
$	-	
   $	742.00  	
$	899.68	

$	696.77	
$	45.78	
$	2,554.00	
   $	742.00  	
$	4,038.55	

$	823.90	
$	1,352.71	
$	2,554.00	
   $	742.00  	
$	5,472.61	

$	157.68	
$	-	
$	-	
   $	742.00  	
$	899.68	

$	696.77	
$	45.78	
$	2,554.00	
   $	742.00  	
$	4,038.55	

$	823.90	
$	1,352.71	
$	2,554.00	
   $	742.00  	
$	5,472.61	

$	157.68	$	696.77	$	823.90	
$	-	$	45.78	$	1,352.71	
$	-	$	1,983.00	$	1,983.00	
   $	742.00  	   $	742.00  	   $	742.00  	
$	899.68	$	3,467.55	$	4,901.61	

O&M Assessment For Parcel A-7	$

$	3,064.00

-	
Clubhouse Operation Assessment For Parcel A-7	$	-	
Debt (2019) Assessment For Parcel A-7	$	2,554.00	
Debt (2018-3 Clubhouse) Assessment For Parcel A-7	   $	742.00  	
Total	$	3,296.00	
O&M Assessment For Parcel A-8	$	-	
Clubhouse Operation Assessment For Parcel A-8	$	-	
Debt (2019) Assessment For Parcel A-8	$	2,554.00	
Debt (2018-3 Clubhouse) Assessment For Parcel A-8	   $	742.00  	
Total	$	3,296.00	
O&M Assessment For Parcel A-9	$	-	
Clubhouse Operation Assessment For Parcel A-9	$	-	
Debt (2019) Assessment For Parcel A-9	$	1,983.00	
Debt (2018-3 Clubhouse) Assessment For Parcel A-9	   $	742.00  	
Total	$	2,725.00	

   $	742.00  

* Assessments Include the Following :		
4% Discount for Early Payments	
1% County Tax Collector Fee	
1% County Property Appraiser Fee	

Community Information		
First Phase		
Parcel A-1	98	
Parcel A-2	92	
Parcel A-3	119	
Parcel A-4	107	
Parcel A-5	267	
Parcel A-5	202	
SF Villas	250	
First Phase Residential	1,135	
Econ Dev (50 Acres)	177	
Town Center (53 Acres)	228	
Total First Phase	1,540	

Second Phase		
Parcel A-6	245	
Parcel A-7	50	
Parcel A-8	98	
Parcel A-9	101	
Total Second Phase	494	

TOTAL UNITS		
Phase 1	1,540	
Phase 2	494	
Total Units	2,034	

Total Gross O&M Expenses / Total O&M Units =

$1,675,804	/	2,034	

TOTAL RESIDENTIAL UNITS		
Phase 1	1,135	
Phase 2	494	
Total Units	1,629	

TOTALCLUBHOUSE UNITS		
Phase 1	666	
Phase 2	494	
Total Units	1,160	

Total Gross Clubhouse Operation Expenses / Total Clubhouse Units =

$1,569,149	/	1,160	

O&M per Unit

$823.90

Clubhouse Operation per Unit

$1,352.71

Note: Parcel A-5, Econ Dev, and Town Center are Not Assessed For	
Clubhouse Assessment - Receives No Special Benefit