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Falcon Trace Community Development District

Agenda August 21, 2019

AGENDA
Falcon Trace
Community Development District
135 W. Central Blvd., Suite 320, Orlando, FL 32801
Phone: 407-841-5524 - Fax: 407-839-1526

August 14, 2019

Board of Supervisors Falcon Trace
Community Development District Dear Board Members:
The regular meeting of the Board of Supervisors of Falcon Trace Community Development  District will be held Wednesday, August 21, 2019 at 6:00 PM at the Big Hawk Lake Recreation Center, 13600 Big Hawk Lake Drive, Orlando, Florida. Following is the advance agenda for the meeting:

Roll Call
Public Comment Period
Approval of the Minutes of the May 15, 2019 Meeting
Consideration of Resolution 2019-05 Amending Resolution 2019-04 Designating a Date for the Public Hearing
Public Hearing
Consideration of Resolution 2019-06 Adopting the Fiscal Year 2020 Budget and Relating to the Annual Appropriations
Consideration of Resolution 2019-07 Imposing Special Assessments and Certifying an Assessment Roll
Consideration of Playground Equipment Proposals
Korkat Playgrounds & Site Amenities (2)
Playmore Recreational Products & Services
Consideration of Maintenance Service Agreements for Fiscal Year 2020
Aquatic Weed Management, Inc.
REW Landscape Corp.
Roberts Pool Service and Repair, Inc.
Discussion of Request for Business Cards for Supervisors - Requested by Supervisor Shaikh
Staff Reports
Attorney
District Manager's Report
Approval of Check Register
Balance Sheet and Income Statement
Approval of Fiscal Year 2020 Meeting Schedule
Presentation of Number of Registered Voters - 1,895
Presentation of Arbitrage Rebate Calculation Report
Field Manager's Report
Consideration of Quote with Aquatic Weed Management, Inc. for Grass Carp Restocking
Consideration of Proposal with Berry Construction for Storage Building Work
Supervisor's Requests
Adjournment
The second order of business of the Board of Supervisors meeting is the Public Comment Period where the public has an opportunity to be heard on propositions coming before the Board as reflected on the agenda, and any other items.

The third order of business is the approval of the minutes from the May 15, 2019 meeting. The minutes are enclosed for your review.

The fourth order of business is consideration· of Resolution 2019-05 amending Resolution 2019-04 designating a date for the public hearing. A copy of the resolution is enclosed for your review.

The fifth order of business opens the public hearing. Section A is consideration of Resolution 2019-06 adopting the Fiscal Year 2020 budget and relating to the annual appropriations. A copy  of  the resolution is enclosed for your review. Section Bis consideration of Resolution 2019-07 imposing special assessments and certifying an assessment roll. A copy of the resolution is enclosed for your review and the assessment roll will be available at the meeting.

The sixth order of business is consideration of playground equipment proposals. Section A is two separate proposals from Korkat Playgrounds & Site Amenities. Section B is a proposal from Playmore Recreational Products & Services. Copies of all three proposals are enclosed for your review.

The seventh order of business is consideration of maintenance service agreements for Fiscal Year 2020. Section A is lake maintenance agreement with Aquatic Weed Management, Inc. Section Bis landscape and irrigation maintenance with REW Landscape Corp. Section C is pool maintenance with Roberts Pool Service and Repair, Inc. Draft copies of the agreements are enclosed for your review.

The eighth order of business is discussion of request for business cards for Supervisors. This is a discussion item and there is no back-up.

Section B of the ninth order of business is the District Manager's Report. Section 1 includes the check register being submitted for approval and Section 2 includes  the balance sheet and  income  statement for your review. Section 3 is the Field Manager's Report, which will be presented at the meeting. Sub Section 1 is consideration of quote with Aquatic Weed Management, Inc. for Grass Carp restocking. A copy of the quote is enclosed for your review. Sub Section 2 is consideration of proposal with Berry Construction for Storage Building Work. A copy of the proposal is enclosed for your review.

The balance of the agenda will be discussed at the meeting. In the meantime, if you should have any questions, please do not hesitate to contact me.

Sincerely,

J	0J,rrz,,
District Manager

CC:	Mike Eckert, District Counsel Michelle Rigoni, District Counsel Darrin Mossing, GMS

Enclosures

MINUTES
MINUTES OF MEETING
FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Falcon Trace Community Development District was held Wednesday, May 15, 2019 at 6:00 p.m. at the Big Hawk Lake Recreational Center, 13600 Hawk Lake Drive, Orlando, Florida.

Present and constituting a quorum were:

Sara Hurst Carole Miller Kathy Stark
Susan Marchesi Baron Perry Shaikh
Chairperson Vice Chairperson
Assistant Secretary Assistant Secretary Assistant Secretary

Also present were:

Jill Burns Michelle Rigoni
William Viasalyers David Tuel
District Manager District Counsel Field Operations Head Pool Attendant

The following is a summary of the meeting and actions taken at the May 15, 2019 meeting. A copy of the proceedings can be obtained by contacting the District Manager.

FIRST ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order at 6:00 p.m. and called the roll.
The Board discussed moving the seating arrangement such that the Board faces staff and the audience.

SECOND ORDER OF BUSINESS	Public Comment Period
There being none, the next item followed.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the March 20,
2019 Meeting
May 15, 2019	Falcon Trace CDD

FOURTH ORDER OF BUSINESS	Consideration of Resolution 2019-03 Electing
an Assistant Secretary
Ms. Burns stated previously Jason was an Assistant Secretary  and I ask that you add me as an Assistant Secretary to enable me to sign documents.

FIFTH ORDER OF BUSINESS	Discussion of Capital Improvement
Proposals
Ms. Burns stated upon the Board's direction at the last meeting, we obtained several proposals for your consideration to see if the Board wanted to include some of these in the upcoming year for capital improvements.

Parking Lot Resurfacing
Mr. Viasalyers outlined the proposals for resurfacing and restriping the parking lot.

Recreation Center Playground with Korkat
Mr. Viasalyers stated at the last meeting I was directed to seek bids for the replacement of playground equipment but, unfortunately I was only able to get one at this time and this is a price for different pieces of equipment or all of the equipment.
The Board discussed the pieces of equipment, the type of mulch and the need for a shade structure, adding an additional bench and Mr. Viasalyers was directed to obtain a second  quote as well as another option to replace the dome structure from Korkat as shown on the drawing.

2
May 15, 2019	Falcon Trace CDD

Pool Pavilion Pavers with Berry Construction, Inc.
Mr. Viasalyers stated this proposal is for pavers to replace the mulch that was around the palm trees by the slide.

Landscape Enhancements with REW Landscape Corp.
Mr. Viasalyers outlined the proposal from REW Landscape Corp. for four different Landscape Enhancement areas: Play Area (East Side Club House), Large Field (North Side Club House), Hawk Lake Drive, and the West Side (Past Gate) Right Side.

SIXTH ORDER OF BUSINESS	Consideration	of	Resolution	2019-04
Approving the Proposed Fiscal Year 2020 Budget and Setting a Public Hearing
Ms. Bums stated Resolution 2019-04 approves the proposed Fiscal Year 2020 budget and sets a date for the public hearing. We have to send the proposed budget to the County at least 60 days prior to the public hearing date and we are not proposing an assessment increase for the upcoming fiscal year. The budget is proposed to remain the same at a total of $357,455 and the assessment at $419.70. When we get to the final budget we can move line items to incorporate  the things you just approved, like the playground, which was not in the prior budget and the parking lot we may need to increase that a little bit but we can adjust line items to show that the District plans to spend that amount out of capital reserves in the upcoming year.

3
May 15, 2019	Falcon Trace CDD

Ms. Hurst stated we need to look at the budget, but can we approve it and  set the date  then transmit it to the County. This is the estimated budget with no increase in assessments and the date that we lock it in.
Ms. Bums stated we can change line items; we just can't go above the total amount. This  is the last year you will pay the debt assessment.
Discussion ensued regarding the proposed budget. The Board discussed cancelling any scheduled meetings prior to the August meeting.

SEVENTH ORDER OF BUSINESS	Discussion	of
Agreements
Maintenance	Service
Aquatic Weed Management, Inc.

REW Landscape Corp.

Roberts Pool Service and Repair, Inc.
Ms. Bums stated we have three maintenance agreements coming up this year that do not have renewal options. If you are happy with the services we will reach out to them to get new quotes, if you want to look into other options we can get multiple proposals. Are you happy with the services you are receiving and just want us to reach out to them to get new quotes?
The Board generally expressed satisfaction with all three vendors and reached consensus for staff to reach out to the three current providers and get quotes for the upcoming year, to be placed on the next agenda for Board consideration.

4
May 15, 2019	Falcon Trace CDD

EIGHTH ORDER OF BUSINESS	Staff Reports
Attorney - Discussion of Attorney Fees
Ms. Rigoni stated as most of you know our fees are broken down, one flat rate for meeting attendance and related activities such as preparing for the meeting and some follow-up. We haven't increased the flat rate since 2002 and we are requesting to raise that by $100. All the other matters we bill at an hourly rate and we are proposing an increase for Mike's rate and the new adjusted rate will be $335 an hour, which will take effect October 1st• We are bringing it to the Board's attention well in advance of adopting the final budget hoping you will consider this.

Manager
Approval of Check Register
Discussion ensued regarding some invoices and financial statements of the District.

Balance Sheet and Income Statement
A copy of the balance sheet and income statement were included in the agenda package.

Field Manager's Report
Discussion of Proposal for Security Cameras - Closed Session
Information and discussion related to the District's security system plan are confidential and exempt from the public records and public meeting requirements. Following discussion in  the closed session, the Board moved to approve the proposal for the purchase and installation of security cameras.
Mr. Viasalyers gave an overview of the monthly Field Manager's report, which was provided in the agenda package and requested consideration for the following item.

5
May 15, 2019	Falcon Trace CDD

Ms. Rigoni, at Supervisor Miller's request, will research the proper language to be used in the swim policy for proper swim attire and have it match the health code, if any, and once the policy is set it will be circulated in the newsletter so residents are aware of the policy.
Ms. Miller stated I thought we were going to look into signage about dogs being leashed.
Mr. Viasalyers stated it was in the retention pond area and we were going to see about what legal sign could be posted to keep people out.
Ms. Rigoni stated I will look into that.
Ms. Bums stated it is an Orange County ordinance that dogs need to be on a leash at all
times.
Mr. Viasalyers stated I can put up signage about the leash law.
The Board discussed adding one page to the HOA newsletter explaining the difference
between the CDD and HOA and any article proposed to be in the newsletter needs prior approval by the full Board.
Ms. Miller stated we haven't negotiated the price yet, we have to think about the composition of what we are about to do. July  is too early  and it is probably  going to be at the end of the year at that point we will have budgets that are underway or completed. This needs to be done very carefully before we pull the trigger.
Ms. Hurst stated if we all have ideas bring them to the August meeting and have them be fully formed articles so we are not writing them while we are here waiting to be done.
Ms. Miller stated the HOA needs to come back with a price.
Mr. Tuel stated we need some new umbrellas for the tables. The  last time we bought  them they were $300 each. We have two that are in almost new condition, but we need seven in total.
Ms. Hurst stated we can buy seven and keep the two as backups.

6
May 15, 2019	Falcon Trace CDD

NINTH ORDER OF BUSINESS	Supervisor's Requests
There being none, the next item followed.

TENTH ORDER OF BUSINESS	Next Meeting Date

Ms. Burns stated the next meeting date is August 21, 2019, at 6:00 p.m. at this location.

SecretaryIAssistant Secretary	Chairman/Vice Chairman

7

SECTION IV
RESOLUTION 2019-05

A RESOLUTION AMENDING RESOLUTION 2019-04 DESIGNATING A DATE FOR THE PUBLIC HEARING ON THE BUDGET FOR FISCAL YEAR 2020; PROVIDING FOR
AN EFFECTIVE DATE

WHEREAS, the Falcon Trace Community Development District's ("District") Board of Supervisors ("Board") previously adopted Resolution 2019-04 designating the date, time and location for the public hearing on the District's Budget for Fiscal Year 2020; and

WHEREAS, the Board desires to designate a new date for the public hearing.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT:

The date of the District's public hearing on the Budget for Fiscal Year 2020 is changed to the following: August 21, 2019. The location and time of said public hearing shall remain the same: Big Hawk Lake Recreation Center, 13600 Hawk Lake Drive, Orlando, FL 32837, at 6:00 P.M.

The District Manager shall use the above date, time and location in providing notices required by Florida law.

Except as amended herein, Resolution 2019-04 shall remain unchanged and in full force and effect.

This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED TIDS 21st DAY OF AUGUST, 2019.

ATTEST:		FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT

Secretary
By:- - - - - - - - - - - - - -
Its:- - - - - - - - - - - - - -

SECTION V

SECTION A

RESOLUTION 2019-06

THE ANNUAL APPROPRIATION RESOLUTION OF THE FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT ("DISTRICT") RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2019 AND ENDING SEPTEMBER 30, 2020; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June 2019, submitted to the Board of Supervisors ("Board") of the Falcon Trace Community Development District ("District") proposed budget ("Proposed Budget") for the fiscal year beginning October 1, 2019 and ending September 30, 2020 ("Fiscal Year2019/2020") along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget, the District filed a copy of the Proposed Budget with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and

WHEREAS, the Board set a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the District Manager posted the Proposed Budget on the District's website at least two days before the public hearing; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1st of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year; and

WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. BUDGET

The Board has reviewed the Proposed Budget, a copy of which is on file with the office of the District Manager, and hereby approves certain amendments thereto, as shown in Section 2 below.
.	1

The Proposed Budget, attached hereto as Exhibit "A," as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes ("Adopted Budget"), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.

The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District's Local Records Office and identified as "The Budget for the Falcon Trace Community Development District for the Fiscal Year Ending September 30, 2020."

The Adopted Budget shall be posted by the District Manager on the District's official website within thirty (30) days after adoption, and shall remain on the website for at least 2 years.

SECTION 2. APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2019/2020,
the sum of$ _ _ _
_ _ _
_	to be raised. by the levy of assessments and/or otherwise, which
sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$-	-	-	-	-	-	-	-
DEBT SERVICE FUND (SERIES 2007)	$ 	_

CAPITALRESERVEFUND(S)	$_	_	_	_	_	_

TOTAL ALL FUNDS	$-	-	-	-	-	-	-	-
SECTION 3. BUDGET AMENDMENTS

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2019/2020 or within 60 days following the end of the Fiscal Year 2019/2020 may amend its Adopted Budget for that fiscal year as follows:

The Board may authorize an increase or decrease in line item appropriations within a fund by motion recorded in he minutes if the total appropriations of the fund do not increase.

The District Manager or Treasurer may authorize an increase or decrease in line item appropriations within a fund if the total appropriations of the fund do not increase and if the aggregate change in the original appropriation item does not exceed $10,000 or 10% of the original appropriation.

2
By resolution, the Board may increase any appropriation item and/or fund to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.

Any other budget amendments shall be adopted by resolution and consistent with Florida law.

The District Manager or Treasurer must establish administrative procedures to ensure that any budget amendments are in compliance with this Section 3 and Section 189.016, Florida Statutes, among other applicable laws. Among other procedures, the District Manager or Treasurer must ensure that any amendments to budget under subparagraphs c. and d. above are posted on the District's website within 5 days after adoption and remain on the website for at least 2 years.

SECTION 4. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED TIDS 2l5t DAY OF AUGUST, 2019.

ATTEST:	FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

3

Falcon Trace
Community Development District Proposed Budget
FY 2020

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Table of Contents

1

2-5

6

7

8
 	General Fund

 	General Fund Narrative

Capital Reserve Fund

 	Debt Service Fund - Series 2007

 	Amortization Schedule - Series 2007
 	Falcon Trace	
Community  Development Djstrjct

General  Fund Budget
Fiscal  Year 2020

ADOPTED BUDGET	ACTUAL THRU	NEXT 2	PROJECTED
THRU	PROPOSED BUDGET			
 	FY 2019	7/31/19	MONTHS	9/30/19	FY 2020								
REVENUES:							
Maintenance Assessments	$355,85S	$362,255	$0	$362,255	$355,855		
Miscellaneous Income	$2,000	$1,675	$600	$2,275	$1,500		
Interest Income	$0	$144	$29	$173	$100		
TOTAL REVENUES	 	$357 ,855	$364,074	$629	$364,702	$357,455							
EXPENDITURES;							
Administrative;							
Supervisors Fees	$8,000	$3,000	$1,000	$4,000		$8,000	
FICA Expense	$612	$230	$77	$306		$612	
Engineering Fees	$1,000	$0	$250	$250		$1,000	
Dissemination	$1,000	$833	$167	$1,000		$1,000	
Assessment Roll	$5,000	$5,000	$0	$5,000		$5,000	
Arbitrage Rebate	$600	$0	$600	$600		$600	
Attorney Fees	$15.000	$17,483	$3,497	$20,979		$15,000	
Annual Audit	$3,200	$3,200	$0	$3,200		$3,300	
Trustee Fees	$4,450	$0	$4,450	$4,450		$4,450	
Management Fees	$51,615	$43,013	$8,603	$51,615		$51,615	
Information Technology	$1,450	$3,183	$242	$3,425		$2,650	
Telephone	$50	$13	$37	$50		$50	
Postage	$500	$141	$28	$169		$500	
Printing and Binding	$800	$240	$48	$288		$600	
Insurance	$11,800	$10,654	$0	$10,654		$11,250	
Legal Advertising	$2,500	$671	$1,829	$2,500		$2,500	
Contingency	$1,200	$797	$159	$957		$1,200	
Property Appraiser	$1,000	$902	$0	$902		$1,000	
Office Supplies	$500	$57	$63	$120		$500	
Dues, Licenses, & Subscriptions	$175	$175	$0	$175		$175	
TOTAL ADMINISTRATIVE	$110,452	$89,592	$21,048	$110,640		s 1111002	
Maintenance;							
Field Management	$19,343	$16,119	$3,224	$19,343		$19,343	
Property Insurance	$6,870	$6,245	$0	$6,245		$6,750	
Pool Staff Payroll	$76,000	$52,872	$10,574	$63,446		$76,000	
Security	$1,500	$840	$168	$1,007		$1,500	
Telephone Expense	$2,200	$1,677	$335	$2,013		$2,200	
Electric	$18,900	$14,341	$2,868	$17,209		$18,900	
Irrigation/Water	$13,500	$4,507	$901	$5,408		$13,500	
Lake Maintenance	$8,600	$5,000	$1,000	$6,000		$8,600	
Pest Control	$650	$0	$650	$650		$650	
Pool Maintenance	$27,020	$24,170	$4,834	$29,004		$29,500	
Grounds Maintenance	$33,000	$24,273	$4,855	$29,128		$33,000	
General Facility Maintenance	$10,000	$6,843	$1,369	$8,211		$10,000	
Refuse Service	$4,800	$4,100	$820	$4,920		$5,000	
Field Contingency	$5,000	$896	$179	$1,075		$5,000	
Transfer Out - Current Year	$20,019	$0	$20,019	$20,019		$16,510	
TOTAL MAINTENANCE	$247,403	S1611882	$51,796	S213,678	  	$246,453	
TOTAL EXPENDITURES	 	$357 ,855	$251,474		$72,845	$324,318 	$357145S EXCESS REVENUES (EXPENDITURES)			$0	$112,600	($72,2162		$40 ,38 4		$0
Net Assessments	$355,855 Add:  Discounts & Collections 		$22. 714 Gross Assessments 	$378,569

Total Units	902
Per Unit Assessment      $	419.70
Page 1
FALCO  N.TRAC E
COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND BUDGET

REVENUES:

MAINTENANCE ASSESSMENTS
The District will levy a Non-Ad Valorem assessment on all of the assessable property within the District in order to pay for the operating expenditures during the fiscal year.

MISCELLANEOUS INCOME
The District will receive income from guest fees, including rental income and pool access cards.

INTEREST INCOME
The District earns interest income on their operating accounts and other investments.

EXPENDITURES:

ADMINISTRATIVE:

SUPERVISORS FEES
The Florida Statutes allows each supervisor to be paid per meeting, for the time devoted to District business and board meetings. The amount for the fiscal year is based upon 5 supervisors attending 8 monthly meetings.

FICA EXPENSE
Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors checks.

ENGINEERING FEES
Estimated cost for providing general engineering services to the District on an as needed basis as directed by the Board of Supervisors .

DISSEMINATION
The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b) (5) which relates to additional reporting requirements for unrated bond issues. The District's hired Governmental Management Services - Central Florida, LLC. to provide this service.

ASSESSMENT ROLL
The District has contracted with Governmental Management Services - Central Florida, LLC. to levy and administer the collection of a Non-Ad Valorem assessment on all assessable property within the District.

ARBITRAGE REBATE
The District haS contracted with Grau & Associates, to annually calculate the District's Arbitrage Rebate Liability on the Series 2007 Special Assessment Bonds.

ATTORNEY FEES
The District's attorney will be providing general legal services to the District, e.g., attendance and preparation for monthly meetings, reviewing contracts, agreements, r solutions, etc. The District's legal firm is Hopping, Green &Sams.

ANNUAL AUDIT
The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis. The District's auditing firm is Grau & Associates.

TRUSTEE FEES
The District issued Series 2007 Special Assessment Bonds that are deposited with a Trustee at US Bank.

Page2
FALCON TRACE
COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND BUDGET

MANAGEMENT FEES
The District has contracted with Governmental Management Services-Central Florida, LLC to provide Management, Accounting and Recording Secretary Services for the District. The services include, but not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reporting, annual audits, etc.

INFORMATION TECHNOLOGY
The District incurs costs related to the District's accounting and information systems, website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements.

TELEPHONE
The District incurs charges for telephone and facsimile services.

POSTAGE
Mailing of Board meeting agenda packages, overnight deliveries, checks for vendors and any other required correspondence.

PRINTING AND BINDING
Printing and binding agenda packages for board meetings, printing of computerized checks, correspondence, stationary, etc.

INSURANCE
The District's general liability and public officials liability insurance coverage is provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

LEGAL ADVERTISING
Advertising of monthly board meetings, public hearings, and any services that are required to be advertised for public bidding, i.e. audit services, engineering service, maintenance contracts and any other advertising that may be required.

CONTINGENCY
Represents estimated bank charges and any other miscellaneous charges that the District may incur during the fiscal year.

PROPERTY APPRAISER
Represents the fees to be paid to the Orange County Property Appraiser's office for assessment administration services.

OFFICE SUPPLIES
The District incurs charges for supplies that need to be purchased during the fiscal year, including copier and printer toner cartridges, paper, file folders, binders, pens, paper clips, and other such office supplies.

DUES, LICENSES, & SUBSCRIPTIONS
The District is required to pay an annual fee to the Department of Economic Opportunities for $175. This is the only expense under this category for the District.

MAINTENANCE:

FIELD MANAGEMENT
Provide onsite field management of contracts for the District per the management consulting contract with Governmental Management Services - Central Florida, LLC. Services to include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Page 3
FALCON TRACE
COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND BUDGET

PROPERTY INSURANCE
The District's property insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

POOL STAFF PAYROLL
The District has contracted with Governmental Management Services - Central Florida, LLC. to hire and supervise pool attendants; coordinate all facility operations and be the contact point for answering questions and solving problems for residents. Account line includes staff hours for the fiscal year, all related benefits, and a contingency for projects and a pay increase.

SECURITY
This represents the cost of monthly monitoring of the security system to the recreation center .

MONTHLY	ANNUAL
DESCRIPTION	AMOUNT	AMOUNT		
SAFETOUCH	$84
CONTINGENCY	$1,007
$493	
	$1,500	

TELEPHONE EXPENSE
This fee represents telephone and facsimile charges for the recreational facility.

MONTHLY	ANNUAL
DESCRIPTION	AMOUNT	AMOUNT		
BRIGHTHOUSE-ACCOUNT # 0050710061-01	$162 CONTINGENCY	$1,944
$256	
	$2,200	

ELECTRIC
The District has electrical accounts with Duke Energy for the recreation facility and other District areas.

MONTHLY	ANNUAL
DESCRIPTION	AMOUNT	AMOUNT		
DUKE ENERGY - ACCOUNT# 63686 18371	$1,575	$18,900	
	$18,900	

IRRIGATION/WATER
This item represents utility service costs for water and wastewater.

MONTHLY	ANNUAL
DESCRIPTION	AMOUNT	AMOUNT		
ORANGE COUNTY  UTILITIES  - ACCOUNT # 0038166200	$1,125	$13,500	
	$13,500	

Page4
FA LC ON-  TRAC E
COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND BUDGET

LAKE MAINTENANCE
Maintenance consists of treatment of the lake edge on the pond area by the recreation center . Costs are based on estimated service costs.

MONTHLY	ANNUAL
DESCRIPTION	AMOUNT	AMOUNT		
AQUATIC WEED MANAGEMENT	$300 ADDITIONAL TREATMENTS	$3,600
$5,000	
	$8,600	

PEST CONTROL
Scheduled maintenance consists of monthly interior and exterior service at Big Hawk Lake recreation center.

POOL MAINTENANCE
Scheduled maintenance consists of maintaining the pool, maintaining the chlorine balance in the pool, and monthly purchase of a CO2 tank. Unscheduled maintenance consists of shocking the pool, extra chlorine treatments, or unforeseen repairs.

DESCRIPTION	MONTHLY
AMOUNT	ANNUAL AMOUNT	
ROBERTS POOL SERVICE AND REPAIR INC	$600	$7,200	
POOL MAINTENANCE	$1,000	$12,000	
CONTINGENCY		$10,300	
		$29,500	

GROUNDS MAINTENANCE
Scheduled maintenance consists of mowing turf, landscape maintenance, trash pickup on the common areas, and all regular landscaping maintenance activities. Unscheduled maintenance consists of repairs or replacement of damaged areas.

DESCRIPTION	MONTHLY
AMOUNT	ANNUAL AMOUNT	
REW LANDSCAPE CORP	$2,256	$27,067	
IRRIGATION REPAIRS		$1,500	
CONTINGENCY		$4,433	
		$33,000	

GENERAL FACILITY MAINTENANCE
Scheduled maintenance consists of cleaning the recreation center, replacing light bulbs for the tennis courts, performing any necessary general maintenance, painting, electrical and plumbing repairs, and repairing any other damages.

REFUSE SERVICE
Scheduled maintenance consists of regular trash removal.

FIELD CONTINGENCY
The current year contingency represents the potential excess of unscheduled maintenance expenses not included in budget categories or not anticipated in specific line items.

TRANSFER OUT
. Excess funds transfer out to Capital Projects fund.

Page5

Falcon Trace
Community Development District

Capital  Reserve Fund
Fiscal  Year 2020

	ADOPTED BUDGET	ACTUAL THRU	NEXT
2	PROJECTED THRU	PROPOSED BUDGET		
	FY 2019	07/31/19	MONTHS	9/30/19	FY 2020		

REVENUES:							
Transfer In	$20,019·	$0	$20,019	$20,019	$249,516		
Interest	$150	$165	$33	$198	$150		
Beginning Fund Balance	$234,197	$264,275	$0	$264,275	$242,526		
TOTAL REVENUES	$254,366	$264,439	$20,052	$284,491	$492,192		
EXPENDITURES;							
Parking Lot Resurfacing	$0	$0	$0	$0	$37,500		
Pool Furniture	$10,000	$2,982	$7,018	$10,000	$10,000		
Building Renovations	$25,000	$0	$25,000	$25,000	$0		
Landscape Improvements	$0	$0	$0	$0	$15,000		
Security Camera System	$0	$0	$6,900	$6,900	$0		
Transfer Out	$0	$66	$0	$66	$0		
TOTAL EXPENDITURES	$35,000 	$3,048	$38,918	$411966	$62 ,500							
EXCESS REVENUES	$219,366	$2611392	{$18,866}	$242,526	$429,692		

Page6

Falcon Trace
Community Development District

Debt Service Fund Sl,lries 2007
Fiscal Year 2020

	ADOPTED BUDGET	ACTUAL
THRU	NEXT
2	PROJECTED THRU	PROPOSED BUDGET	
	FY 2019	07/31/19	MONTHS	9/30/19	FY 2020	

REVENUES;						
Assessments - On Roll	$413,660	$420,631	$0	$420,631	$413,660	
Interest Income	$300	$873	$175	$1,048	$300	
Transfer In	$0	$66	$0	$66	$0	
Beginning Fund Balance	$239 ,924	$240,289	$0	$240.289	$236,821	
TOTAL REVENUES	$653,885	$661,859	 	$175 	$662,033	         $650,781	

EXPENDITURES;						
Special Call - 11/1	$0	$5,000	$0	$5,000	$0	
Interest - 11/1	$17,663	$17,663	$0	$17,663	$8,888	
Principal - 5/1	$385,000	$385,000	$0	$385,000	$400,000	
Interest - 5/1	$17,663	$17,550	$0	$17,550	$8,888	
Transfer Out	$0	$0	$0	$0	$233,006	
TOTAL EXPENDITURES	$420,325	 	$425,213	$0 	$425,213	  	$650,781	
EXCESS REVENUES	$233 ,560	 	$236,646	$175 	$236,821	  	($0)	

Net Assessments	$413,660 Add:  Discounts & Collections		$262404
Gross Assessments 	$440,064 
Total Units	900
Per Unit Assessment   $	488.96 

Page7

FALCON TRACE
Communit y Develo pment District
SERIES 2007 SPECIAL ASSESSMENTS BONDS DEBT SERVICE SCHEDULE

AMORTIZATION SCHEDULE

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL

11/01/19	$395,000.00	4.500%	$0.00	$8,887.50	$0.00	
05/01/20	$395,000.00	4.500%	$400,000.00	$8,887.50	$417,775.00	

$400,000.00	$17,775.00	s411,11s.oo 1

Page 8

SECTION B
RESOLUTION 2019-07

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2019/2020; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Falcon Trace Community Development District ("District") is a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, for the purpose of providing, operating and maintaining infrastructure improvements, facilities and services to the lands within the District; and

WHEREAS, the District is located in Orange County, Florida ("County"); and

WHEREAS, the District has constructed or acquired various  infrastructure improvements and provides certain services in accordance with the District's adopted capital improvement plan and Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors ("Board") of the District hereby determines to undertake various operations and maintenru;ice and other activities described in the District's budget ("Adopted Budget") for the fiscal year beginning October 1, 2019 and ending September 30, 2020 ("Fiscal Year 2019/2020"), attached hereto as Exhibit A and incorporated  by reference herein; and

WHEREAS, the District must obtain sufficient funds to provide for the operation and maintenance of the services and facilities provided by the District as described in the Adopted Budget; and

WHEREAS, the provision of such services, facilities, and operations is a benefit to lands within the District; and

WHEREAS, Chapter 190, Florida Statutes, provides that the District may  impose special assessments on benefitted lands within the District; and

WHEREAS, it is in the best interests of the District to proceed with the imposition of the special assessments for operations and maintenance in the amount set forth in the Adopted Budget; and

WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect for Fiscal Year 2019/2020; and

WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to which

1
such special assessments may be placed on the tax roll and collected by the local tax collector ("Uniform Method"), and the District has previously authorized the use of the Uniform Method by, among other things, entering into agreements with the Property Appraiser and Tax Collector of the County for that purpose; and

WHEREAS, it is in the best interests of the District to adopt the Assessment Roll of the Falcon Trace Community Development District ("Assessment Roll") attached to this Resolution as Exhibit B and incorporated as a material part of this Resolution by this reference, and to certify the Assessment Roll to the County Tax Collector pursuant to the Uniform Method; and

WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll, certified to the County Tax Collector by this Resolution, as the Property Appraiser updates the property roll for the County, for such time as authorized by Florida law.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE · FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. BENEFIT & ALLOCATION FINDINGS. The Board hereby finds and determines that the provision of the services, facilities, and operations as described in Exhibit A confers a special and peculiar benefit to the lands within the District, which benefit  exceeds  or equals the cost of the assessments. The allocation of the assessments to the specially  benefitted  lands, as shown in Exhibits A and B, is hereby found to be fair and reasonable.

SECTION 2. ASSESSMENT IMPOSITION. Pursuant to Chapters 190 and 197, Florida Statutes, and using the procedures authorized by  Florida  law  for  the  levy  and  collection  of special assessments, a special assessment for operation and maintenance is hereby imposed  and levied on benefitted lands within  the District,  and  in  accordance  with Exhibits  A  and  B.  The lien of the special assessments for operations and maintenance imposed and levied  by  this Resolution shall be effective upon passage of this Resolution.

SECTION 3. COLLECTION. The collection of the operation and maintenance special assessments and previously levied debt service assessments shall be at the same  time  and  in the same manner as County taxes  in accordance  with the Uniform  Method,  as indicated  on Exhibits  A and B. The decision to collect special assessments  by. any particular  method -  e.g., on the tax  roll or by direct  bill -  does not  mean that such  method  will be used to collect special  assessments in future years, and the District reserves the right  in  its  sole  discretion  to  select  collection methods in any given year, regardless of past practices.

SECTION 4. ASSESSMENT ROLL. The Assessment Roll, attached to this Resolution as Exhibit B, is hereby certified to the County Tax Collector and  shall  be collected  by  the  County Tax Collector in the same manner and time as County  taxes.  The  proceeds  therefrom  shall  be  paid to the District.

SECTION 5. ASSESSMENT ROLL AMENDMENT. The District Manager shall keep

2
apprised of all updates made to the County property roll by the Property Appraiser after the date of this Resolution, and shall amend the Assessment Roll in accordance with any such  updates, for such time as authorized by Florida law, to the County property roll. After any amendment of the Assessment Roll, the District Manager shall file the updates in the District records.

SECTION 6. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

SECTION 7. EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.

PASSED AND ADOPTED TIDS 21st DAY OF AUGUST, 2019.

ATTEST:	FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A: Exhibit B:
Budget Assessment Roll

. 3

SECTION VI

SECTION A

Name & Address for Bill To:
Governmental Management Services 135 W. Central Blvd
Suite 320
Orlando, FL 32837

Lanier Plans, Inc. dba KorKat 221 Cable Industrial Way Carrollton, GA 30117
770-214-9322

Ship To
Big Hawk Recreation Center 13709 Hawk Lake Road Orlando, FL 32837
Estimate

Date	Estimate #
8/8/2019	40228

Rep	Project or PO #

DR					
Item	Description	Qty	Cost	Total	
PS3-32512-3	PLAYGROUND STRUCTURE	I	36,262.00	36,262.00T	
DISCOUNT	2019 SUMMER SALE DISCOUNT-**2019 SUMMER SALE-		-16,318.00	-16,318.00	
	ENDS 9-6-2019**				
	SUBTOTAL			19,944.00	
R3-20592	RECYCLED PLAYGROUND STRUCTURE - 2-5 UNIT	1	12,786.00	12,786.00T	
AFR0158XX	FRSTD BUBBLE STORM CLIMBER W/ "S" LOGO POST CAPS	1	3,703.00	3,703.00T	
TFR14881XX	FRSTD SINGLE LILY PAD	4	232.00	928.00T	
90015108XX	BELT SEAT SET 8', GALVANIZED CHAIN (INCLUDES TWO	I	178.00	178.00T	
	COMPLETE SEATS WITH ALL HARDWARE)				
90015130XX	FULL BUCKET SEAT SET 8', GALVANIZED CHAIN (SET	I	326.00	326.00T	
	INCLUDES TWO COMPLETE SEATS WITH ALL HARDWARE)				
90022004XX	4' BLACK LANDSCAPE TIMBER KIT	34	53.00	1,802.00T	
	SUBTOTAL			19,723.00	
INSTALL-PLAYGROUND	INSTALL-PLAYGROUND	I	13,975.07	13,975.07	
REMOVAL	REMOVAL OF TWO EXISTING PLAYGROUND STRUCTURES	1	6,000.00	6,000.00	
	REMOVAL OF ONE TREE				
MULCH	157 CY OF PLAYGROUND SAFE EWF TO COVER APPROX.
4222 SF @ 12" DEPTH - BLOWN-IN	1	7,752.00	7,752.00T	
ENGINEERED ORAWINGS	PLAYGROUND ENGINEERED ORAWINGS	2	925.00	1,850.00	
PERMITTING	MINIMUM PERMITTING FEE - PERMIT FEES (WHICH	I	1,200.00	1,200.00	
	COULD INCLUDE ADDITIONAL ENGINEERING COSTS, SITE				
	PLANS OR PERMIT RUNNER FEES) OVER $1,200.00 WILL BE				
	THE RESPONSIBILITY OF THE CUSTOMER WITH PROOF OF				
	RECEIPTS FOR ALL CHARGES.				

Phone#	Fax#

770-214-9322	770-214-9323

E-mail BBlaokenship@KorKat.com
Page 1
Total

Signature

Name & Address for Bill To:
Governmental Management Services 135 W. Central Blvd
Suite 320
Orlando, FL 32837

Lanier Plans, Inc. dba KorKat 221 Cable Industrial Way Carrollton, GA 30117
770-214-9322

Ship To
Big Hawk Recreation Center 13709 Hawk Lake Road Orlando, FL 32837
Estimate

Date	Estimate #
8/8/2019	40228

Rep

DR
Project or PO #

Item	Description	Qty	Cost	Total	
FREIGHT	SHIPPING & HANDLING
Total sales tax calculated by AvaTax
Select this as a transaction's tax to use AvaTax	I	1,350.00
2,992.62	1,350.00
2,992.62
0.00	
Prices quoted are good for 15 days and are subject to total purchase, except for shipping which is subject to market changes. Installation price assumes normal soil conditions and does not include rock excavation or replacement of bad soil conditions. Any additional work will be priced prior to the continuation of install.

Please note that a 50% deposit is required at time of order if installation is included. I00% payment is due at time of order for all equipment only purchases. Municipalities and schools are exempt from deposits with a valid purchase order.
Total	$74,786.69
Phone#	Fax#

770-214-9322	770-214-9323
E-mail

BBlankenship@KorKat.com
Page2

Signature

Name & Address for Bill To:
Governmental Management Services 135 W. Central Blvd
Suite 320
Orlando, FL 32837

Lanier Plans, Inc. dba KorKat 221 Cable Industrial Way Carrollton, GA 30117
770-214-9322

Ship To
Big Hawk Recreation Center 13709 Hawk Lake Road Orlando, FL 32837
Estimate

Date	Estimate #
4/4/2019	39113

Rep	Project or PO #

DR

Item	Description	Qty	Cost	Total	
R3-20592	RECYCLED PLAYGROUND STRUCTURE - 2-5 UNIT	I	14,206.00	14,206.00T	
AFR0158XX	FRSTD BUBBLE STORM CLIMBER W/ "S" LOGO	1	3,703.00	3,703.00T	
	POST CAPS				
DISCOUNT	DISCOUNT		-5,209.00	-5,209.00	
	SUBTOTAL			12,700.00	
R3-20591	RECYCLED PLAYGROUND STRUCTURE	I	14,723.00	14,723.00T	
87000038XX	C BRIDGE II MATRIX CLIMBER	I	3,673.00	3,673:   00T	
DISCOUNT	DISCOUNT		-5,696.00	-5,696.00	
	SUBTOTAL			12,700.00	
TFR!4881XX	FRSTD SINGLE LILY PAD	4	232.00	928.00T	
90015108XX	BELT SEAT SET 81    GALVANIZED CHAIN
,	I	178.00	178.00T	
	(INCLUDES TWO COMPLETE SEATS WITH ALL				
	HARDWARE)				
90015130XX	FULL BUCKET SEAT SET 81    GALVANIZED CHAIN
,	1	326.00	326.00T	
	(SET INCLUDES TWO COMPLETE SEATS WITH				
	ALL HARDWARE)				
90022004XX	4' BLACK LANDSCAPE TIMBER KIT	34	53.00	1,802.00T	
	SUBTOTAL			3,234.00	
INSTALL-PLAY...	INSTALL-PLAYGROUND	I	11,86 2.00	I 1,862.00	
REMOVAL	REMOVAL OF TWO EXISTING PLAYGROUND	1	3,000.00	3,000.00	
	STRUCTURES				
	NOTE: IF TREE REMOVAL NEEDED- ADDITIONAL				
	3,000				

Phone#	Fax#

E-mail
Total

770-214-9322	770-214-9323
GinaS@KorKat.com	Signature
Page 1

Lanier Plans, Inc. dba KorKat 221 Cable Industrial Way Carrollton, GA 30117
770-214-9322
Estimate

Date	Estimate#
4/4/2019	39113

Name & Address for Bill To:
Governmental Management Services 135 W. Central Blvd
Suite 320
Orlando, FL 32837

Ship To
Big Hawk Recreation Center 13709 Hawk Lake Road Orlando, FL 32837

r= Rep DR

Project or PO #

Item	Description	Qty	Cost	Total	
MULCH	157 CY OF PLAYGROUND SAFE EWF TO COVER	I

2
1

I	7,752.00	7,752.00T	
	APPROX. 4222 SF@ 12" DEPTH - BLOWN-IN				
ENGINEERED D...	PLAYGROUND ENGINEERED ORAWINGS		925.00	1,85 0.00	
PERMITTING	MINIMUM PERMITTING FEE - PERMIT FEES		1,200.00	1,200.00	
	(WHICH COULD INCLUDE ADDITIONAL				
	ENGINEERING COSTS, SITE PLANS OR PERMIT				
	RUNNER FEES) OVER $1,200.00 WILL BE THE				
	RESPONSIBILITY OF THE CUSTOMER WITH				
	PROOF OF RECEIPTS FOR ALL CHARGES.				
FREIGHT	SHIPPING & HANDLING		I,350.00	1, 350.00	
	**2019 SUPERIOR SPRING SALE - ENDS				
	05-15-2019**				
	KORKAT CONTACT				
	DANNY ROGERS				
	407-747-1669				
	dannyr@korkat.com				
	Total sales tax calculated by AvaTax		2,323.94	2,323.94	
	Select this as a transaction's tax to use AvaTax			0.00	
Prices quoted are good for 15 days and are subject to total purchase, except for shipping which is subject to market changes. Installation price assumes nonnal soil conditions and does not include rock excavation or replacement of bad soil conditions. Any additional work will be priced prior to the continuation of install.

Please note that a 50% deposit is required at time of order if installation is included. I00% payment is due at time.of order for all equipment only purchases. Municipalities and schools are exempt from deposits with a valid purchase order.
Total	$57,971.94
Phone#	Fax#

770-214-9322	770-214-9323
E-mail

GinaS@KorKat.com
Page2

Signature

BIG HAWK RECREATION CENTER
Structures:
R3-20591
Matrix Climber Lily Pads
'fi'//1	R3-20592
,  /  Bubble Storm Climber Belt and Bucket Seats (Swings- Existing)

22 I Cable lndu trial Way
GA 30117
770.214.9322
""·"·.KORKJ\T.com

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SECTION 8
PlAYMOR
Recreational Products & Services
10271 Deer Run Farms Road, Suite 1 Fort Myers, FL 33966
(239) 791-2400 (239) 791-2401 fax
(888} 886-3757 toll free www.playmoreonline.com

Client:	GMS Central Florida
135 W Central Blvd Orlando FL 32801
QUOTATION
06/21/19
Job Number:	14139
Revision:
Job:		Falcon Trace PG 13600 Hawk Lake Drive Orlando FL 32837

Contact:William Viasalyers	Phone: 407-451-4047	Fax:	Email:	wviasalyers@gmsfcl.com

Sales Rep: Bruce Krieger	Terms: Due With Order

Item	Description	Quantity	Cost	Subtotal

1 Equipment					
350-1731	350-1731	1	$11,000.00	$11,000.00	
350-1900	Fiesta Town	1	$32,000.00	$32,000.00	
ZZXX9410	2' BORDER TIMBERS w/STAKE	2	$42.00	$84.00	
ZZXX9430	4' BORDER TIMBERS w/STAKE	42	$54.00	$2,268.00	
ZZXX9450	BORDER TIMBER END w/STAKE	2	$36.00	$72.00	
Discount	Playground Sale, Expires 12/2/19	-1	$11,457.00	-$11,457.00	
EWF	12" ofEngineered Wood Fiber (2,863 SF), priced per CY	143	$25.35	$3,625.05	
		Subtotal:		$37,592.05	
					
2 Freight					
Freight	Playworld Freight	1	$3,009.00	$3,009.00	
Freight	EWFFreight		$500.00	$500.00	
		Subtotal:		$3,509.00	
					
4 Installation					
PSI Installation	Installation of Playworld Equipment	1	$14,536.00	$14,536.00	
Installation	Installation ofEWF	1	$2,433.00	$2,433.00	
Removal	Remove and Dispose Existing Equipment	1	$5,000.00	$5,000.00	
Site Prep	Excavation. Take off Site.	1	$4,500.00	$4,500.00	
		Subtotal:		$26,469.00	
					
Grand Totals:	$67,570.05

Notes:Please review terms page for installation information.

*Permitting and engineered drawings are an additional charge, if needed.

Page   l
PlAYMORE
Recreational Products  & Services
10271 Deer Run Farms Road, Suite 1 Fort Myers, FL 33966
(239) 791-2400 (239) 791-2401 fax
(888) 886-3757 toll free www.playmoreonline.com

Client: GMS Central Florida 135 W Central Blvd Orlando FL 32801
QUOTATION
06/21/2019
Job Number:	14139
Revision:
Job: Falcon Trace PG 13600 Hawk Lake Drive Orlando FL 32837

alTerms:
Ai:ceptah e by a sigtah.rre, pl.l'Chase order, or coritr:ilct base on this proposa indicates thatyoil are in fullagreement with all tem:i!i .-nd conditioh!i of
lhis pr:oposal, including the following:
Prices are   iiifor 3Q day_s; unless otherwise note_d  After 30 days, prices are $!.lbiect to chaige 'Mltwl4 notice.
Sales T111< wiO be cha!ged uriesnvafid Saies Tax Exemption Certifielte is preserted withorQer·,
Specity all co1o.-. aid   options in -.ming. Any ifis pancies ht   aii811 due to oral i  onswill be.\he  onsil:>ility Qf the puitomer.
If the customer.is instaHing equipmen·t.all equipmlirt is to be installed per rnanufactirer's initructions ilnd applicable guidelinea
lnstallsi:ion, site Wlirk. pennits, engini,ering, etc. are nQt included 1.1nl!,ss noted.	·	·
Builciiig Penilits:	_	_	  
Building pemiita are the responsibility of the own!lf". if a buHding pennit is reqlired foryoir project, thefollowing o,:tions·are a1lable.
Add 5'1(, (minimum $1,500) to !he quob;jtion(i:onlract price. Playrnore Recreational Pitlducts arid Services -will cover the ccilils of all the buHding permit fees and expecitor fees.	-	-	.     -	-
Playmore RecrelilicinalProduct, and Servi can assist the customer in obtairing th!!ir CMTl pemiit. Customer is respomible for all fees: (jirectly tothe  g	a11ency and/ortt,e expecfiting CO"ll any.
NOTE -All zoning, plaming, !lllllirormenlal, e,tc permits and  apprQVals are the ie spon_sibiJityof otl'l!!rs as weltas any reqlired site plans,  If_ sigr,ed and sealed engineered drawingure needed for the instaliation of equipment. this will be included on the propoul. Ifit is omitted and later discovered necessar_y, the cost win be ffie responsibility of the customer. ·
Siandard Services Include:
Shipping Nctilic stiorvReceiving Instructions
Pre-Installation On-Site Meeting
Underground utirly Check (Sunshine.State One Call)
Accept Delivery and nlped Equipment Qfsite is ready,)
· Moving New Eqlipment st Job Site·
Layout of  Equ11ment	_
Installation of Equipment and Materialii per Manufacturer's Instructions
Trash Cle11n Up (Leave on:site.)
Post_-lnstall!itionWalklhrough-
Maintenance Explanation
Customer Responsibiliiie·s (unle_ss othelWise noted in the applicable quotation/contract);
Trash Dispoaal- Dumps\eril or Off Site Disposa l.
,.	Accept Delivery and Unload Equipment Qfsite is not re ady.). $500.00 Cha"ge will apply if CUl!lomer warts installers to Unloa-d.
P	Area for storage and staging.·	·
Secure Site and Equpmeht.
Some Optional Responsibilities (Must be cleal1y ouilined in tbe applicable quotation/contract):
R I	of Existing Equipmeril
Site Preparation, Grading. l;)nihage Syste,ns, etc.
Engineered D t,gs fof Por sed .Equipment
Other Pennits or Engineered Drawings Q. e. zoning permits, environmertai permits, site surveys, etc.)
Alfi other responsibilitie$ must be clearly oud iil the applicable quotation/ ct.
General Notes
Acces,sAJtUities. Access must be pr011ided to the imitaRation area for heavy irucks and equipment Accees of equipment and personnei is the obHgaliori of the custcmerfo provide until the project is fully completed We will ta_ke every precaution to avoid damage, however any damage caused by·thenQrm!lf installation·Qf oir product. sl,JCh as tt! sod, cpncrete sidllllilllks, ale under und utilities, . ;,   will b!! l!"oe 1'118p!1118ibilily qf the	mer. as wiU any additional costs associated "1iith 6miting dilrnage,.such as providing plywood ovilr acid for access. If aecess is not reasonably close to the· Jlibsite, any_ a d ditiorial costs Incurred d!ll!to having lo nsport materials irid/qr aupplies wm be the responsibHily ofihe cl.J8lomer:	·
Reick/Foreign Object Clause. Most iniltaHations reqli!'e digging ofhilles and fooiing ecjlipmerit in concrete belowfiiishe_d grade. _Removal of existing ground c:overs such.as ll8Phal, c<>ncrete, tan  !>ar!(.	pea !J111!8I, 'tWod1iller, rubber   ng.   lace!Ub er •urfacing; or any other lfflltler\al that interferes or delays ihe digging of.holes, is the.responsibility of others, unless othelwise noted  If ex_	ive_ underground ol>slructions such a·s rocl_is, coi"a asphalt. concrete; pipll!I. chlinage syste11111; root sysll!flls. water, or any iihar iihkhowl ob l)JOtions lira di!l vered, charges will be add!ld to the pri1,1i11111" pr oposal.	·			·	·
Playground Si,lrfacing. AQ p!aygou,d eqlipmei)t !ii to !le intitaRed oiler safety surfacing t CPSC Ql!idelines iridASTM titan ids, If \he !)USloiriet
contracts for eornetting conlrEsy tothe gli delines, they are acoeplirti all responsibility,for f1IT'_I fiaiilil)' and fulw:e liti!Jalion that may ali8e.

AcceptanC!IS i gnature:	, 	_  o.« 	_	P.O.#:. 	

Page  2of2
PlAYMORE
Recreational Products & Services
Florido Licensed Contractor CBC1252224

This quote is provided by a Licensed and Insured Company, a protection for you, our customer. Playmore Recreational Products and Services holds a Certified Building Contractor's license.
CBC1252224
Did you know it's actually against the law for a playground company to accept a contract for installation of playground equipment unless they are licensed? It's true.
Many of our competitors are not licensed contractors, and by law are only allowed to supply materials and equipment. However, they accept contracts for installation services, and then hire third-party licensed contractors. This is unlicensed contracting.
Florida Statute 489.105.(6) is very clear on the matter:
'The attempted sale of contracting services and the negotiation or bid for a contract on these services also constitutes contracting. If the services offered require licensure or agent qualification, the offering, negotiation for a bid, or attempted sale of these services requires the corresponding licensure."
We encourage you to use licensed contractors on all you upcoming installation projects. Ask for a copy of the license from the company you are contracting with. Make sure they are listed by name on the license, not a third-party contractor.

'I

Orlando, Florida

19-1801A

Falcon Trace Park
Orlando, Florida

19-1801A
Soles Ref)resiMt,
PlAYMORE
RecreclllcllCII
P!oeiOIStrkes

.I.l.l   TotalEIMllldPlayAclivilies;         a
:,     --.. --- -
fil   TOIIIG<ou-..iPlly-:8
.Xg 	,.
PllyT)IIII
,   Requ; d	4	a	3
I PnMded	a	a	.     3

Total Ground--level P-lay MMOOS:  2
TolelE111vatlldP!eyAdivllies:	3

Aa:essible      A.c.m.s.s.ib.le        Accessible
r- .. "M"N'":V"e's	PtayType1
Ground-Level

2	1	1
1 -	3	2	2

'PLAYGROUND SUPERVISION REQUIRED	

74'-1"	

1_1 _6'
I I I I I	

24'

7'-1"	

6'-2"

ElOSTWG
SWINGS

BORDER TIMBERS
2  •  I   TIM!!ERS
2  -  :!' TlMHERS
o •  r TIMBERS
2 -ENOCAJ>Pt<G.

N01E:
Al.L EQUIPMENT MUST BE A MINIMUM OF 6' (1830mm} fROMAHY TREE BASE, TREE BRANCHES MUST BE TRIMMED AS REQUIRED BY APPLICABt.E GUIDELINES.
-   -   -    51-4"-   -   -   -   -  --    -   -   -   -   -   -   -   -   -   -   - 	 --0	--5'---10'•
0    .5   1.0	2.0	3.0 Meiers	

zC
=>
0
0::
(!)
>­
<C
a..J. 6
w
0<C 0
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LL		

Playmore Recreational			
					Products & Services			
					10271 Deer Run Fanns Road			
					Suite1			
					Fort Myers, FL 33966			
					
EQUIPMENT SIZE:			
					SEEDWG			

USE ZONE:			
					52'4" X 74'1"			

AREA:	PERIMcTER:			
					2,863SqFl	215Fl			

FALL HEIGHT:			
					8 Ft.			

USER CN'ACTIY:	AGEGROUP:			
					57	2-12			
								
					PROJECT NO:	SCALE:		
					1&-1801A	1/8""1'--0"		
					ORAl'mBV:
JESSE HOUSER	Paper Size
B		
					DATE
&JUNE-2019			

SECTION VII

SECTION A

AGREEMENT BETWEEN THE FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT AND AQUATIC WEED MANAGEMENT, INC. REGARDING THE PROVISION OF LAKE MAINTENANCE SERVICES
THIS AGREEMENT (the "Agreement") is made and entered into as of this_ day of
 		, 2019, by and between:
FALCON  TRACE  COMMUNITY	DEVELOPMENT	DISTRICT,	a	local unit of
special-purpose  government  established  pursuant  to  Chapter  190,  Florida Statutes, and located in Orange County, Florida, and _ whose mailing address is 135  West  Central  Boulevard,  Suite 320,  O_rlari.do, FJorida  32801  (hereinafter  the "District"); and
AQUATIC WEED MANAGEMENT, IN9., a Florida corporation, whose address is
P.0.  Box 1259, Haines City, Florida 3384 (hereinafte,r'	Contractor").
'RECITALS

WHEREAS, the District was establish d' for the purpose of planning, financing,  constructing, operating and/or maintaining cef,!:ain infr fructure, incl:µdi11_g landscaping improvements, recreational facilities 1¢:d Big Hawk Lajce;. arrd
WHEREAS,  the  District  has  a rie_e'd J o'  r tain  an· in  ep¢ndent  contractor  to p,rnvide  lake maintenance services -for a.lake known'(ils " Bi, g Ha wk Lake·"·19cate d within the District}- rid

WHEREA:S, Contractor represents •,t}lat it i,s qualified to ,serve as a lake maintenance
contractor and has'-agreed to ptoyide to the District such-$eivices.

N9\V, THEREF, C>RE, in  consideration  of\the ,recitals,  agreements, and  mutual  covenants conta,ined herein, and other good and valuable con ideration, the tefeipt and sufficiency of which are.hereby ackn<;>wledged by die parties; the parties·agree as follows:
SECTION 1.  -  CITALS. The recital_s so  tated , e true and correct and by this reference are incorporated into an-d fo rm a material part ofJhis Agre ment.

SECT19N 2.	DESCRiPTION OF' •Wo JP( AND SE ViCES.

The _District desires that the prttractor provide professional lake maintenance services within preseµtly accepted \ st andards. {J pon all parties signing this Agreement, the Contractor shall provid, e tJ:ie District W;ith the specific services identified in this Agreement.

While  providing  the' s ervices identified  in  this  Agreement,  the  Contractor  shall assign such staff as may be required, and such staff shall be responsible for coordinating, expediting, and controlling all aspec-ts to assure completion of the services.

The Contractor shall provide the specific professional services as shown m
Section 3 of this Agreement.

SECTION 3. SCOPE OF LAKE MAINTENANCE SERVICES. [HIGHLIGHTED SECTION SUBJECT TO CHANGE PER PROPOSAL/ APPROVED SCOPE]

1

The obligations and responsibilities of the Contractor include conducting twelve
inspections per year on a monthly basis and provide the following treatments as necessary to control noxious growth throughout the term of service:

Emerged Vegetation Control
Floating Vegetation Control
Filamentous Algae Control

The work area for the above services will include the entire lake up to the ordinary high water area. The only Submerged Vegetation Control to be performed under this Agreement will be the stocking of sterile triploid grass carp when and if approved by the District. Any different form of Submerged Vegetation Control will not be provided by Contractor, unless approved in a subsequent writing executed by the District and Contractor.

Contractor will provide monthly shoreline grass and brush control services on shorelines located around residences, and quarterly shoreline grass and brush control services for the remainder of the shorelines.'	·

If approved by the District in writing and permitted by Florida law, Contractor shall supply and stock sterile triploid grass carp in order to control growing Hydrilla. The size  and quantity of the sterile triploid grass carp to be supplied shall also be approved in advance in writing by the District.·         ·	·	'
'
Contntctot shall sol.ely be respoµsibJe for the means, i:J\anner and methods by which-its duties, obligations and responsibilities ar.e met to the sati faction ofthe District.

SECTION 4.    M  NNE1'  OFCONT  CTOR'S  P  RFORMANCE.    The  Contractor  agrees,  as an intl pendent contractor, to urtd.ertake work and/or perform such services as specified in this Agreeme t o:r any addenduµi execute,dby the Parties or in. any authorized written work order by the District..i sued in connectipn· with this Agreemeht d accepted by the Contractor. All work shall be perfon_ned in a neat anq professiQ_nal manner acceptable to the District and shall be in accordance with'iQ.dustry standards. The petfi;ninance of all services by the Contractor under this Agreement and related· to this Agree ent shall, ·conform to any written instructions issued by the District.

Should any \\.'.,ork and/or services be required which are not specified in this Agreement or any addenda, but which are nevertheless necessary for the proper provision of services to the District, such work. or services shall be fully performed by the Contractor as if described and delineated in this Agreement.

The Contractor agrees that the District shall not be liable for the payment of any work or services not included in Section 3 of this Agreement unless the District, through an authorized representative of the District, authorizes the Contractor, in writing, to perform such work.

2

The District hereby designates _ _
_ _ _
_ _ _ _ _
_	as the District's
representative with respect to the services to be performed under this Agreement. The District's representative shall have complete authority to transmit instructions, receive information, interpret and define the District's policies and decisions with respect to materials, equipment, elements, and systems pertinent to the Contractor's services.

The District hereby designates the District Manager to act as its representative.

Upon request by the District _Manager, the Contractor agrees to meet with the District's representativ to wal th property to discuss conditions, schedules, and items ofconcem regardi g this Agreement.

Contractor shall use all aue c e to protect the .property of the  District,  its residents, and landowners from damage. Cq_nfrl:!,ctor agrees to repair-apy damage resulting from Contractor's activities and work within twenty,-_four (24) hours.

SECTION 5.	COMPENS TION; TERM.

As compensation  for' s etyic s described  irqpis Agreement, the Distd,ct agrees to pay  the Contractor   -          -       Hundte,d'Dollar   ($	).,per month. The stocki_ng. of sterile triploid  grass catp shall not exceed $_  -  -  pe.r fish.  Wotk, shall commence  on October  1, 2019, and shall li effective th{ough Septeinper 30, 102.P,·unless ten_ninated pursuant to the terms of this Agreement. Thereafter, tµis Agreement111ay be,,r enewedfor{our (4) additional, one (1) year periods upon written agreement executed by both parties,
IJ the District sho'Qld desire additiort.:i,l work or service , including sterile triploid gr,a:ss  carp  stocking  _or  cheniic l  treatm pts,  or  to  aqd  additional  lands  to  be  maintained,  the Contrapfor agrees to negotiate in·good faithto undertake such additional work or services. Upon successfuJ negotiations, th parties sµall agree in writing\to q11, addendum, addenda, or change order to this_ Agreement.   The. ContractQr shall be compensated  for such agreed additional  work or services ba:s d upon a payment an:iou,nt ac ceptableto the parties and agreed to in writing.

The_P  istrjct may reqtJ.ire,, as a coµdition precedent to making any payment to the
Contractor that all sul?ccmtractors, ):naterialmen suppliers or laborers be paid and require evidence, in the form of Lte-n Releases or partial Waivers of Lien, to be submitted to the District by those subcontractors, rh terial .men, suppliers or laborers, and further require that the Contractor provide an Affidav t relating to the payment of said indebtedness.  Further,  the District shall have the right to requi.re, as a condition precedent to making any payment, evidence from the Contractor, in a form satisfactory to the District, that any indebtedness of  the Contractor, as to services to the District, has been paid and that the Contractor has met all of the obligations with regard to the withholding and payment of taxes, Social Security payments, Workmen's Compensation, Unemployment Compensation contributions, and similar payroll deductions from the wages of employees.

3

The Contractor shall maintain records conforming to usual accounting practices. As soon as may be practicable at the beginning of each month, the Contractor shall invoice the District for all services performed in the prior month and any other sums due to the Contractor. The District shall pay the invoice amount within thirty (30) days after the receipt thereof.
SECTION 6.	INSURANCE.

The Contractor shall maintain througho,uf the term of this Agreement the following insurance:

Worker's Compensation Iq.suranc i11_. accordance with  the  laws  of  the State of Florida.

Commercial Gene ai Liability Insurance co:vering the Contractor's legal liability for bodily -injuries, with limits of .not less than $1,000,000 combined  single  limif 'Qodi_ly  injury  and  property  damage  liability,  and covering t'least the following hazards:

Indepen tent Contractors- ,Coverage for bodily injucy and property damag in, cqnnection with -s.µbcqn tractors' operation.

(iiO

(iv)
Employer's Liabl'lity Coverage with limits of at least  $1,000,000  (one million dollars) per a cident ,or gisease.

A,.utomobileLi bility In nµa nce-for	bodjly injuries hi'l mits of not less than
$'•1. 000,000 combined single limit bodify-J!}Jury and for property damage, proviµing coverage for any accident arising oµt of or resulting from the operat10v., maintenance, or use by the Contractor of any owned, non­ owned, or .pi.re d automobiles, trailers, or other equipment required to be licensed.

The District, its staff, coris .ltants and sup rvisors shall be named as an additional insured. Contractor shall furnish the Disti:ict with the Certificate of Insurance evidencing compliance with thj_s requirement. NQ certinqate. shall be acceptable to the District unless it provides that any chahg·e·or termination within the policy periods of the insurance coverages, as certified, shall not be ef-(ecti:ve withip. thirty (30) days of prior written notice to the District. Insurance coverage shall be.Jrom a reputable insurance carrier, licensed to conduct business in the State of Florida, and such c_artier shall have a Best's Insurance Reports rating of at least A­ VIL

If Contractor fails to have secured and maintained the required insurance, the District has the right but not the obligation to secure such required insurance in which event Contractor shall pay the cost for that required insurance and shall furnish, upon demand, all information that may be required in connection with the District's obtaining the required insurance.

4

SECTION 7.	INDEMNIFICATION.

Contractor agrees to defend, indemnify, and hold harmless the District and its officers, agents, employees, successors, assigns, members, affiliates, or representatives from any and all liability, claims, actions, suits, liens, demands, costs, interest, expenses, damages, penalties, fines, judgments against the District, or loss or damage, whether monetary or otherwise, arising out of, wholly or in part by, or in connection with the Services to be performed by Contractor, its subcontractors, its employees and agents 1.rt connection with this Agreement, including litigation, mediation, arbitration, appellate, ;· or settlement proceedings with respect thereto. Additionally, nothing in this Agreement :requires Contractor to indemnify the District
for the District's percentage of fault if the District is adjuqged to be more than 50% at fault for any claims against the District and Contractor,as 'jointlyliable pat.ties; however, Contractor shall indemnify the District for any and all percentage of fault attr,ibufable to Contractor for claims against the District, regardless whether the Dis:trict is adjudged t,o be more or less than 50% at fault. Contractor further agrees that nothing)1_er in shall constitute Or'Qe construed as a waiver of the District's limitations on liability contained in section 768.28, Flo,:ida_ Statutes, or other statute.

Obligations under ·t,his .section shall it;1clude the payment of l settlements, judgments, damages, liquidated d ages, _penalties, fine , forfeitures, back pay a ards,  court costs, arbitration and/or mediation c'Qsts, litigation experts s · attorneys' fees, paral g l fees (incurred in court;, out of court, on appeal, or in'' bankruptcy proqeedings), and any interest, all as actually incurred,

SECTION 8.	CQMPLIANCE    WITH   GOVJRNMENTAL  'REGULATION.	The Contractor
shall  keep,  <?!:>_s erve, and  perform ;:tll  requirements pf applicable  foc l, State, and Federal  laws, rules, regulations, or ordinanc s. If the Contractor fails to notify the'  b istrict in writing within  five ·( ) days of the re eipt of ·apy notfoe, prder, required to comply notice, or a report of a violation or an alleged viplation, 111ade by any local, Stl:lte, or Federal governmental body or agency or sµbdivision thereof with re·spect to the services 'b fug rendered under this Agreement or any actio-n qf the Contractor qr any oNts agents, setvapts, employees, or materialmen, or with respect to terms, wages, hours, .conditions. of employment, safety appliances, or any other requirements applibc!ble. to provision of services, or fails to comply with any requirement of such agency  within five (5, ). days after receipt of any  such notice, order, request to comply  notice, or report of a violation or ·ap alleged violation, the District may terminate this Agreement, such termination to be effective upon the giving of notice of termination.

SECTION 9.   LIENS  ANihrLAIMS.   The Contractor  shall  promptly  and properly  pay for all labor employed, materials purchased, and equipment hired by it to perform under this Agreement. The Contractor shall keep the District's property free from any materialmen's or mechanic's liens and claims or notices in respect to such liens and claims, which arise by reason of the Contractor's performance under this Agreement, and the Contractor shall immediately discharge any such claim or lien. In the event that the Contractor does not pay or satisfy such claim or lien within three (3) business days after the filing of notice thereof, the District, in

5

addition to any and all other remedies available under this Agreement, may terminate this Agreement to be effective immediately upon the giving notice of termination.

SECTION 10.	DEFAULT AND PROTECTION AGAINST THIRD PARTY INTERFERENCE. A
default by either party under this Agreement shall entitle the other to all remedies available  at law or in equity, which may include, but not be limited to, the right of damages, injunctive relief, and/or specific performance. The District shall be solely responsible for enforcing  its rights under this Agreement against any interfering third party. 'Nothing contained in this Agreement shall limit or impair the District's right to protect its rights from interference by a third party to this Agreement.

SECTION 11. CUSTOM AND USAGE.  ,ft  i·s  hereby agi.:eed,  any  law, custom, or usage to the contrary notwithstanding, that the Di$trict shall have the tjght_ at all times to enforce the conditions and agreements contained in this Agz:eement in strict accqrdance with the terms of this Agreement, notwithstanding any conduct OI\ c_ ttstom on the part of the,p istrict in refraining from so doing; and further, that the failure of the l)istrict at any time or times to strictly enforce its
rights  under  this Agreement  shall  not  be  constru d  as having .created a  c, usfom  in any  way  or manner contrary to the specific cqndifions and agreements of-this Agreement, or as having in any way modified or waived the same.

SECTION 12. Succ;:ESSORS. Tlµs Agre ment shall 1nµre to the benefit of and b binding upon the heirs, executors, a4minis trators, succ ssors, and assigns of the parties to this Agreement, except as expressly limited in thj_s Agreement.·

SECTION 13.  ·'.fER MINATiON.	The Co11traGtor may terminat-e  tpis Agreement with or
withoµtcause by providing sixty (60) days written notice ortermi11:ation to the District; provided, however, that tl}.e' District' sqall be provided a rea,s0nable opportunity to cure any failure under this. Agreement. ·The DistiicJ may te,rminate this·.Agreement immediately with cause by providing  written   notic  of  termination   to  the  Contractor.   The  District  may   terminate this
Agreeme11t without cause upon thircy (30) day written notice of termination. Upon any termination ,of  this Agreement,  the Contractor  shall 1:,_e entitled  to payment  for all work  and/or services render d t1cp until the tlf ctive ten:\)foation of thisAgreement, subject to whatever claims
or off-sets the Distdct may have agaiilst the 'C Iitractor.

SECTION 14. - R Rl\1ITS AND . LICENSES. All permits and licenses required by any governmental agency dire tiy for the District shall be obtained and paid for by the District. All other permits or licenses nee ssary for the contractor to perform under this Agreement shall be obtained and paid for by the ConJractor.

SECTION 15. ASSIGNMENT. Neither the District nor the Contractor may assign this Agreement without the prior written approval of the other. Any purported assignment without such prior written approval shall be void.

SECTION 16. INDEPENDENT CONTRACTOR STATUS. In all matters relating to this Agreement, the Contractor shall be acting as an independent contractor. Neither the Contractor nor employees of the Contractor, if there are any, are employees of the District under the
6

meaning or application of any Federal or State Unemployment or Insurance Laws or Old Age Laws or otherwise. The Contractor agrees to assume all liabilities or obligations imposed by any one or more of such laws with respect to employees of the Contractor, if there are any, in the performance of this Agreement. The Contractor shall not have any authority to assume or create any obligation, express or implied, on behalf of the District and the Contractor shall have no authority to represent the District as an agent, employee, or in any other capacity, unless otherwise set forth in this Agreement.

SECTION 17.   HEADINGS  FOR  C ONVENIENCE, , O  NL  Y,      The  descriptive  headings  in this Agreement are for convenience only and shall neither control nor affect the meaning or construction of any of the provisions of this Agreeip,ent.

SECTION 18.   ENFORCEMENT  OF ¥GREEMENT.    In th, e event that either the District  or the Contractor is required to enforce this (A.greement by court proce dings or otherwise, then the
substantially prevailing party shall be entitl d to recover all fees artd_ costs incurred, including reasonable attorneys' fees and costs for trial. alternative dispute resolution. or appellate proceedings.

SECTION 19.	AGREEMENT ·Tt{is jnstrumen-t .$hall constitute the final and complete
expression of this Agreement betwe n th District and tµe Contractor  relating to the subject  matter of this Agree;ment.

SECTIONio.  AMENDl"ENTS.   Ame;ndments·  tq   ahd  waiver$ of  the  provisions  contained in this Agreement ·n:iay be made only by an lnstrumendn writing whi h is executed by both the District and the Contta for.

SECTION 21. AUTHPRIZ 1'ION. The  exe ution  of  this  A:greement  has  been  duly autl1,0rized by the appropriate bpcly or of{i_cial of the District and the Contractor, both the District and th Contractor have_complied with all the requirements of law, and both the District and the
Contractor h ve full pow r and authority to comply with the terms and provisions of this instrument.

SECTIO N,'22. NOTICES. All notice, s requests,consents and other communications under this Agreement ("Notices") shall be in writing a.Q.d shall be delivered, mailed by First Class Mail, postage prepaid, or overp.ight delivery service, to the parties, as follows:

If to the Contractor:

If to the District:
Aquatic Weed Management, Inc.
P.O. Box 1259
Haines City, Florida 33845 Attn: - - - - - - - - -
Falcon Trace Community Development District 135 West Central Boulevard, Suite 320
Orlando, Florida 32801 Attn: District Manager

7

With a copy to:	Hopping Green & Sams PA 119 S. Monroe Street, Suite 300
Tallahassee, Florida 32301 Attn: District Counsel

Except as otherwise provided in this Agreement, any Notice shall be deemed received only upon actual delivery at the address set forth above. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be dee,nied·received on the next business day. If any time for giving Notice contained in this Agreement would otherwise expire on a non­ business day, the Notice period shall be exten,ded to the next succeeding business day. Saturdays, Sundays, and legal holidays recognized; by the<l)riited States government shall not be regarded as business days. Counsel for the Di'sfrict-and cotlt\selJor the Contractor may deliver Notice on behalf of the District and the Cqn'tracto:r. Any party of other person to whom Notices are to be sent or copied may notify the qther parties and addresse s of any change in name or address to which Notices shall be sent by p:t;_o iding the same on five"(5) days written notice to the parties and addressees set forth herein.

SECTION 23.  THIRD PARTY  BENEFICIARIES.   This ,Agreement  is solely  for  the  benefit of the District and the Contractor a1,1d 119 right or cause, pf actio , shall accrue upon or by reason, to  or  for  the  benefit  of  any  third  pru:fy  not a'  fo rmal  party  t,o. this Agreement.   Nothing  in this Agreement expressed or implied is in:lep.ded oi: shall be cortstniep to confer upon an-y person or corporation othe:r; than the District and tqe Conlr tor any rightl remedy, or  claim  under  or  by reason of this Agreement or y of the provisions or_'CQnditions ,of tp,ls Agreement; and all of the provisions, represenJations, coveµants, and conditions contained  in thi Agreement  shall inure to the sole benefit of ancCshall be binding upon th flistnct an-,d tpe Contraqtor and their respective represerifutives, sµccessor , and assigns.

SECTION 24. CONTRO LING LAW AND VENJJE. This Agreement and the provisions contall)ed in this Agreement shalLJ,e construe(:{, inte:t:_preted, and controlled according to the laws of the St{lte of Florida. Each party agrees to ·attd consents that the exclusive venue for any litigation arising out of or r lated to th,is Agreement shall be in a court of appropriate jurisdiction, in and for Oran e County, Floi,ida.

SECTION 25; PUBLIC RECORDS.  Coritq1ctor  understands and  agrees that  all  documents of any kind provided tQ the District 'in connection with this  Agreement  may  be  public  records, and, accordingly, Contractor <1;grees ti:> comply with all applicable provisions of Florida law in handling such records, including but not  limited  to  section  119.0701,  Florida  Statutes. Contractor acknowledges that th,e designated public records custodian for the District  is  George Flint ("Public Records Custodiari'9. Among  other requirements  and to the  extent  applicable  by law, the Contractor shall 1) keep and maintain public records required  by the  District  to  perform the service; 2) upon request by the Public Records Custodian, provide the  District  with  the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by  law for  the duration  of the contract  term and following the contract term if the Contractor does not transfer the records to the Public
8

Records Custodian of the District; and 4) upon completion of the contract, transfer to  the District, at no cost, all public records in Contractor's possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant  to Florida  laws.  When such public records are transferred by the Contractor, the Contractor shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats.

IF CONTRACTOR HAS QUESTJONS REGARDING THE APPLICATION OF CHAPTER ll9, FLORIDA STATUTES, TO CONTRACTOR'S DUTY TO RPVIDE PUBLIC RECORDS RELATING TO THIS .t\GREtMENT, CONTACT THE
CUSTODIAN OF PUBLlC }O:CORDS AT (407) 841-5524, GFLINT@GMSCFL.COM, i\ND 135 WEST CE TRAL BLVD, SUITE 320, ORLANDO, FLORI_DA 32801.

SECTION 26. SEVERABILJTY. The invalidity or \Jlienforceability of c!IlY one or more provisions of this Agreement shall hpt aff ct the va1iµity or enforceability of Jhe remaining portions of this Agreement, or any part of this Agr ement not held to be invalid or  unenforceable.	·

S  ECTION-  i 7 .     ARMfS  {.,ENGTH   TID\NSACTION.     This  Agr etnent  has  been  negotiated fully between the :Di frict and the Contractor a an arm s length transac_tion. The District and the Contractor participated fully in the preparation, of tliis Agreei:nent witb the assistance of their
res,pectivecounsel.  In th, e case of a;dispute concerping the interpre!ation of any provision of this Agr ement,  the parties are ettch cleemed t o_ have dra eq, chosen, and -   lected the language, and any,doubtful language will notbe interpret d or construed against any party.

SF::CTION 28. CoUI 'TERPAR1:S. This Agreement may be executed in any number of counterparts, each of which "':hen exect;tted and delivered shall be an original; however, all such counterparts to ether shall constitute, but qne and the sam instrument.

SECTION 2,9	SCRUTINIZED. COMPANIF;S STATEMENT.	Contractor certifies that it is not
in violation of section...._287.135, Flori(ia Statute,s, a nd is not prohibited from doing business with the District under Florida)aw, includii:lg but not limited to Scrutinized Companies with Activities in Sudan List or Scrutinize_d Companies with Activities in the Iran Petroleum Energy Sector List. If Contractor is found to have .submitted a false statement, has been placed on the Scrutinized Companies with Activities in Sud<!,Il List or the Scrutinized Companies with Activities in the Iran Petroleum Energy Sector List, or has been engaged in business operations in Cuba or Syria, or is now or in the future on the Scrutinized Companies that Boycott Israel List, or engaged in a boycott of Israel, the District may immediately terminate the Contract.
[Signatures on next pageJ

9

IN WITNESS WHEREOF, the parties hereto have signed this Agreement  on the day  and year first written above.

ATTEST:	FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT

 	
Secretary/Assistant Secretary

WITNESS:

Print Name:---------
Vice/Chairperson, Board of Supervisors

AQUATIC  W,EED MANAGEMENT,
INC., a Florida cqrporation

By  :	----::	­
Its:--------------

10

SECTION 8

AGREEMENT BETWEEN THE FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT AND REW LANDSCAPE CORP. REGARDING THE PROVISION OF LANDSCAPE AND IRRIGATION MAINTENANCE SERVICES

THIS  AGREEMENT  (the  "Agreement")  is  made  and  entered into this 		day of
----
, 2019, by and between:
FALCON  TRACE  COMMUNITY	DEVELOPMENT DISTRICT, a	local unit of
special-purpose government established pursuant to Chapter 190, Florida Statutes, and located in Orange County, Flori<;la, wi,th a mailing address of 135 West Central Blvd., Suite 320, Orlando, Flori,d'a 328Ql (the "District"); and

REW LANDSCAPE  CORP.,  a  Florida corporatio_n;    With a  mailing  address  of P.O. Box 951484, Lake Mary, Florida 32795 (''Contractor''}.
RECITALS
WHEREAS, the District was esta61-i hec;l for the purpose ·q f planning, financing, constructing, operating and/or maintaining certain infrastructure, 'iqcluding landscaping improvements, recreational facilities apd Big Ha  ,k Lake; an, d ·
WHEREAS,  the District ha	,a nee q to retain an indypendent contractpr to provide
landscape maintenance services for 'c;ertain lands within '¢e District known as the "Big Hawk Lake Recreation CeI).ter-;" and

WHERE §, Co tracto.:r  represents fllat.it is qual1fie_d to serv· e·    a landscape maintenance contractor  and  ha   agreed  to  provide  to th-e ,District those  services-. jdentified in the Landscape Maintenance Specinc;ations.
,  ·Now-, THEREFORE,  in  cons'i. deration of  the  recitals,  agreeµients,  and  mutual  covenants contained herei11, and othe_}'good  d    valuable consiqeration, the receipt and sufficiency of which are.herebyacknowledged by the parties, the parties a ee as follows:

' &ECT ION 1.	RECITALS. ·J:he recitals so stat d ar true and correct and by this reference are incorporated into and fonn a materJal part of this Agreen1eht.

SECTI0 2  .	DUTIES.	Th_e  duties   obligations,  and  responsibilities  of  Contractor  are
described herein 'alld in the Landsc pe .Maintep.an ce Specifications, attached hereto as Exhibit A. Contractor shall be·, olely responsibJe for the Illean,s, manner and methods by which its duties, obligations and respon ibilities are met to the satisfaction of the District. All work shall be performed in a neat and profe.ssional manner reasonably acceptable to the District and shall be in accordance with industry st ridards. 'The. performance of all services by Contractor under this Agreement and related to this A:greeinent shall conform to any written instructions.
SECTION 3.	MANNER  OR CONTRACTOR'S PERFORMANCE.	Contractor agrees to
undertake work and/or perform such services as specified in this Agreement, in the Landscape Maintenance Specifications and in any addendum executed by the parties or in any authorized written work order by the District issued in connection with this Agreement and accepted by Contractor. All work shall be performed in a neat and professional manner reasonably acceptable to the District and shall be in accordance with industry standards. The performance of all services by Contractor under this Agreement and related to this Agreement shall conform to any written instructions issued by the District.

1

Should any work and/or services be required which are not specified in this Agreement or any addenda, but which are nevertheless necessary for the proper provision of services to the District, such work or services shall be fully performed by Contractor as if described and delineated in this Agreement.

Contractor agrees that the District shall not be liable for the payment of any work or services unless the District, through an authorized representative of the District, authorizes Contractor, in writing, to perform such work.

The District shall designate in writjn:g a person to act as the District's representative with respect to the services to be perfonned under this Agreement. The District's
representative shall have complete authority t,9 transip.it . instructions, receive information,
interpret  and  define  the  District's  policies  and,.de  isions•  with respect  to  materials,  equipment, elements, and systems pertinent to Contracto, :r's services.

The District here y d signates the District Manager to act as its representative.	·

Contracto:r agrees to meet with the District's repr'e entative no less than one (1) time per month to walk the propertyJo discuss c5nditions, schedules, and items of concern regarding this AgJ'.eement,

In the event that time\ s l is(_due to heavy •rai ns{"Rain Days"),  Contr{lctor  agrees to reschedule its emyloyees and divide,Jlieir tit:µe accordingly to complete all scheduiecJ services during the time during the same week as any Rain Days. ConJractor shall provide services on Saturdays if needed to make..l!p Rain Day-s·,.hut shall·-n f provide,serv'ices on Sundays.
Contr ctor shall ·u _se all due are to ,,protect the  property  of  the  District,  its residents, .µid landowrt rs·fro m damage. Contra,ctor agree$ f, o ,;epair any.p.amage resulting from Conttacfor's activities and work within't wenty-four (24) hours.
SECTION 4	C OMP-E SATION; 'rERl\1.	As  cpmpensation  for  services  identified   in the
Landscape  Maintenance  Specific tions, the pistrict  shcµl  pay Contractor --.--.,-   ::-------:-	Dollars
($		 ),       per  month. · c ontractor ,shall  provid  the Dis,trict  with a monthly  invoice  for fees,
which invoices shall incluae sufficien detail to deiµonstrate compliance with the terms of this Agreement, -l?efore the last d y of ea:cl;i. contractual service month representing the monthly installment  due. for  that  month.  _ All  invo ces  are  due and  payable  within  thirty  (30)  days  of receipt of propetinvoice. This Agreement stiall commence on October 1, 2019, and shall be effective through SeRtember 30, 202-.2, unless terminated in accordance with this Agreement.
SECTION 5.	INS_IJRANCE.

Contractor shall maintain throughout the term of this Agreement the following insurance:

Worker's Compensation Insurance m accordance with the laws of  the State of Florida.

Commercial General Liability Insurance covering Contractor's legal liability for bodily injuries, with limits of not less than $1,000,000

2

combined single limit bodily injury and property damage liability, and covering at least the following hazards:

Independent Contractors Coverage for bodily injury and property damage in connection with subcontractors' operation.

Employer's Liability Coverage with limits of at least $1,000,000 (one million dollars) per accident or disease.

Automobile Liability Insurance for bodily injuries in limits of not less than
$1,000,000 combined single limit, b9dily injury and for property damage, providing coverage fo, r any accident arising out of or resulting :from the operation, maintenance, or use by Contra tor of any owned,  non-owned,  or hired automobile,s, trailers, or other equipment required to be licensed.

The District, its staff, consultants and supervisors shall b, e named as an additional insured. Contractor shall fiinv:sh the District with the Cei:tificate of lJ!surance evidencing compliance with this requireme t. No certificate shall be acceptable to the District unless it
provides that any change or termfu tion, _within the pol·i period,s of the insuran'cy coverages, as certified, shall not be effective within thitfy (30) days of pi:ior written notice to', the District. Insurance coverage .s hall be from a reputabfe ip.surance carrier, -licensed to conduct bqsmess in the State of Flor da, and such carrier shalJhave a Best's InsuraQ,ce Reports rating of at least A­
VII.

If Cortttactor fails 'to have secured arid main ined the required insurance, the District has the right {without any obligation 'tp do so, howeyer), to secure such required insurance in wlµch event, <;ontrl;letor shall pay the cqst for that required insurance and shall
:furnjsh, _ upon dem d, all infq_rmation tp.ai may be r,e q-µire d in connection with the District's obtaihi_ng the required 'in urance.

SEC-'.J;'ION 6.	INDEMNIFICATIO!'/,

Co1;1fractor agrees t(? defend, indemnify, and hold harmless the District and its officers, agents, empJoyees, successors, assigns,. members, affiliates, or representatives :from any and all liability, clahn,s, actions, s4its; liens, demands, costs, interest, expenses, damages, penalties, fines, judgments sainst he District, or loss or  damage,  whether  monetary  or otherwise, arising out of, whoJly or in part by, or in connection with the Services to be performed by Contractor, its subcontractor , its employees and agents in connection with this Agreement, including litigation, mediation, ' ar }Ji tration, appellate, or settlement proceedings with respect thereto. Additionally, nothing in this Agreement requires Contractor  to indemnify  the District for the District's percentage of fault if the District is adjudged to be more than 50% at fault for any claims against the District and Contractor as jointly liable parties; however, Contractor shall indemnify the District for any and all percentage of fault attributable to Contractor for claims against the District, regardless whether the District is adjudged to be more or less than 50% at fault. Contractor further agrees that nothing herein shall constitute or be construed as a waiver of the District's limitations on liability contained in section 768.28, Florida Statutes, or other

3

statute.
Obligations under this section shall include the payment of all settlements,
judgments, damages, liquidated damages, penalties, fines, forfeitures, back pay awards, court costs, arbitration and/or mediation costs, litigation expenses, attorneys' fees, paralegal fees (incurred in court, out of court, on appeal, or in bankruptcy proceedings), and any interest, all as actually incurred.

SECTION 7.	COMPLIANCE    WITH  GOVERN!\jENTAL  REGULATION.	Contractor shall
keep, observe, and perform all requirements of applicable local, State, and Federal laws, rules, regulations, or ordinances. If Contractor fails to n6tify the pistrict in writing within five (5) days of the receipt of any notice, order, required to comply noti e, Qr a report of a violation or an alleged   violation,   made  by  any  local, , State,  or  Federal  go:xe imnental  body  or  agency or
subdivision  thereof  with  respect  to the  $ervices being  rendere,d  qnder this  Agreement  or any
action of Contractor or any of its agents, seryants, employees, or ma, terihlmen, or with respect to terms,  wages,  hours,  conditions  of  employr,rteµt;  safety  appliances,  ot-   riy  other  requirements applicable  to  provision  of  serv,ices,  or  fails  to   oinply  with any  require ent  of  such agency
within five (5) days after receiphpf arty such notic,'e,  prder, requestto comply'qotice, or report of
a violation or an alleged violation, _theJ) istrict may teqniriate this Agreement , Sl!ch termination to be effective upon the giving of not ceo(tetmination.

SECTION 8,	LIENS  AND  CLAIM .    Co_ntractor shall  prpmQtly  and  properly  pay  for all labor   employed,   materials   purchased,   alld  equipm nt   hired ' l>y  it  to   perform   under this
Agreement.	Contractor   shal, l  ]fe ep  the   Di trict's  pr perty  free  fr{)m  any   materialmen's or
mechanic's liens and'CJaims or notices in respeqt to such li ns and claim , which arise by reason of Contractor's perforrrtap.ce under'this Agreeme t, and ContractCJr shall 'immediately discharge
any such claim or lien.   In ,{he .event that Contractqr  d.oes not pay 0r satisfy  such claim or lien
witµin three (3) busip.ess days after the fiJing of notice.thereof, the District, in addition to any and all olli r remedies available under this Agreement, may\teiminatethis Agreement to be effective immed1ately upon the givin notice qf termination_.

SECTIQN 9.	DEFAULT_AND PRO'.fECTION AGAlNST THIRD PARTY INTERFERENCE. A
default by eith,et p arty under this Agreement shall entitle the other to all remedies available at law or in equity, wh\ch may include, but not be limited to, the right of damages, injunctive relief, and/or specific perfotmahce. The Oistrict shall be solely responsible for enforcing  its rights under this Agreement against any intyrfering third party. Nothing contained in this Agreement shall limit or impair the Dfstp.ct's right to protect its rights from interference by a third party to this Agreement.

SECTION 10. CUSTOM  AND  USAGE.  It is hereby  agreed, any  law, custom,  or usage to  the contrary notwithstanding, that the District shall have the right at all times to enforce the conditions and agreements contained in this Agreement in strict accordance with the terms of this Agreement, notwithstanding any conduct or custom on the part of the District in refraining from so doing; and further, that the failure of the District at any time or times to strictly enforce its rights under this Agreement shall not be construed as having created a custom in any way or

4

manner contrary to the specific conditions and agreements of this Agreement, or as having in any way modified or waived the same.

SECTION 11. SUCCESSORS. This Agreement shall inure to the benefit of and be binding upon the heirs, executors, administrators, successors, and assigns of the parties to  this Agreement, except as expressly limited in this Agreement.

SECTION 12. TERMINATION. Contractor may terminate this Agreement with or without cause  by  providing  sixty  (60)  days  written  notice  _of  ten;nination  to  the  District;  provided, however, that the District shall be provided a reas,0nable opportunity to cure any failure under this Agreement. The District may terminate <{ his Agr ement immediately with cause  by providing written notice of termination to Contractor. The Distdct may terminate this Agreement without cause upon thirty (30) days writtep<noti,ce of terminatiof!. Upon any termination of this Agreement, Contractor shall be entitled to. payment for all work artd/or services rendered up until the effective termination of this Agreemertt, subject to whatever claims or off-sets the District may have against Contractor.

SECTION 13. PERMITS ND LJCENSES. A.11 .permits and licenses required by any governmental agency directly for t4e 'J?.istrict shall be ·0:piafoed and paid for by th District. All other  permits  or  licenses  necessary-  for  Contractor  to  perfon;n  under  this  Agreement  shall  be obtained and paid for-by Contractor.

SECTIONJ4. ASSIGN!\1.ENT. Neitp_er the District nor- Con,tractor may assign  this Agreement without the prior wriJten approval of the other. Any purported assignment without such prior written approval shall be. void.

SECTIO 15.   INDE  ENDE.NT      CONTRACTOR,   STATUS.      In  alJ  µtatters  relating  to  this Agr emeht, Contractor shall ·b acting .a_s an indepeQ.de1;1t contractor. Neither Contractor nor emplbyees of Contractor, if there are any, ar employe s of the District under the meaning or applicafiq_n of any Fede_ral or State Unemploytnent or I1;1surance Laws or Old Age Laws or otherwise. Contractor  agreesto assun_ie  alll iabilities.or obfigations imposed by any one or more of such laws with respect to employees of, ontractor,if-there are any, in the performance of this Agreement. Contractor shall not'have  any a4thority to assume or create any obligation, express or implied, on behalf of the District and Contractor shall have no authority to represent the District as an agent, eµiployee, or 'in any other capacity, unless otherwise set forth in this Agreement.

SECTION 16. HEADINC,';S FOR CONVENIENCE ONLY. The descriptive headings in this Agreement are for convenience pnly and shall neither control nor affect the meaning or construction of any of the provisions of this Agreement.

SECTION 17. ENFORCEMENT OF AGREEMENT. In the event that either the District or Contractor is required to enforce this Agreement by court proceedings or otherwise, then the prevailing party shall be entitled to recover all fees and costs incurred, including reasonable attorneys' fees, paralegal fees and expert witness fees and costs for trial, alternative dispute resolution, or appellate proceedings.

5

SECTION 18. AGREEMENT. This instrument shall constitute the final and complete expression of this Agreement between the District and Contractor relating to the subject matter of this Agreement.

SECTION 19. AMENDMENTS.  Amendments  to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both the District and Contractor.

SECTION 20. AUTHORIZATION. The execution  of  this  Agreement  has  been  duly authorized by the appropriate body or official of ili Dis rict and Contractor, both the District and Contractor have complied with all the requir nient-s of law, alld both the District  and  Contractor  have full power and authority to comply witli the terms and provi ions of this instrument.

SECTION 21.    NOTICES.   All notic_es, requests, consents and ot}:ter pommunications under this Agreement ("Notices") shall be in writing'iln-d shall be delivered, mailed by First Class Mail, postage prepaid, or overnight d(;:livery service, to1\ie'parties, as,f ollows:

If to Contractor:

If foJhe District:

With a copy to:
REW Landscape Corp.
1469 North N w York Street Saµford, Florida-32771
Attn: . --------
R.aleon Tra,ce Commuruty Development District 135 W. Central Blvd:, SuiteJ20
Orlando, Florida 32801 Attn: istrict Manager

Hopping Gr  en & Sams PA 119 S. Monroe Street, Suite 300 Tallahass e, Florida 32301 Attn: District Counsel

Except as otQ_erwise provideµ in this Agreement, any Notice shall be deemed received only upon actual delivery at the addre s set forth above.  Notices delivered after 5:00 p.m. (at the
place of delivery)  or on·, a   on:-busine$s day, shall be deemed received on the next business day.
If any time for giving Notic contained in this Agreement would otherwise expire on a non­ business day, the Notice peripd shall be extended to the next succeeding business day. Saturdays, Sundays, and legal holiqays recognized by the United States government shall not be regarded as business days. Counsel for the District and counsel for Contractor may deliver Notice on behalf of the District and Contractor. Any party or other person to whom Notices are to be sent or copied may notify the other parties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days written notice to the parties and addressees set forth herein.

6

SECTION 22. THIRD PARTY BENEFICIARIES.  This Agreement  is solely for the benefit of the District and Contractor and no right or cause of action shall accrue upon or by reason, to or for the benefit of any third party not a formal party to this Agreement. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the District and Contractor any right, remedy, or claim under or by reason of this Agreement or any of the provisions or conditions of this Agreement; and all of the provisions, representations, covenants, and conditions conta_ined in this Agreement shall inure to the sole benefit of and shall be binding upon the District and Contractor and their respective representatives, successors, and assigns.

SECTION 23. CONTROLLING LA w AND '.Y ENU . This Agreement and the provisions contained in this Agreement shall be construed, interpreted,  at1.d  controlled  according  to the  laws of the State of Florida. Each party agrees to and consents th  t  the  exclusive  venue  for  any litigation arising out of or related to this  Agreement  shall be in a  court of appropriate  jurisdiction, in and for Orange  County, Florida.	'

SECTION 24. PUBLIC RECORDS. ContracJor .understands and agree,s that all documents of any kind provided to the District ih connection with this 'Agreement ma,y 1;,e public records, and,  accordingly,  Contractor  agree  to-    omply with  a11, applicable  provisions  of Florida  law  in handling   such   records,   including,   1;>ut  ·not  limited   to  .$ection   119.0701,   Floriqa Statutes. Contractor acknowledges that the designated pµblic records_' custodian for the District -i George Flint ("Public  R<:!cbrds  Custodian").   AmQng  other requiremen, ts ahc,i to the extent applicable  by law, Contractor 'sha ll l)  keep-  nd maintai,n• public reco:r;ds required..py the District to perform the service; 2) upon reqµest by th·e  Fublic Recoras Custodian, provide theJ>istrict with the requested
public records or allow the recordsJo be inspectyd o:r-copied	within a rea ohable time period at a cost that does not excee4 the cost provided in Chapter 119, Florida Statutes; 3) ensure that
publfo records. hich are e einpt or confidential, ,
i:md  exempt  fro_m
public records disclosure
req9irements,  are not disclose,'d e xcept as  uthorized' by law for the duration of the contract term and following the contra.ct term if_Contractor oes not transfer the records to the Public Records CustodiaQ of the District; apd 4) upqn completio:Q of. the·9ontract, transfer to the District, at no cost, all public records in Contractor's.possession or, alternatively, keep, maintain and meet all applicable req .irements for retaining pubitc r<:!cords pursuant to Florida laws. When such public records are transf ried by Contractor; Contractor shall destroy any duplicate public records that are exempt or confid ntial and exempt from public records disclosure requirements. All records stored electronically must be provide& to the ' District in a format that is compatible with Microsoft Word or AdobefbF formats.

IF CONTRACTO HA QUESTIONS REGARDING THE APPLICATION OF €HAPTER 119, FLORIDA STATUTES, TO CONTRACTOR'S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT (407) 841-5524, GFLINT@GMSCFL.COM, AND 135 WEST CENTRAL BLVD, SUITE 320, ORLANDO, FLORIDA 32801.

7

SECTION 25. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Agreement shall not affect the validity or enforceability of the remaining portions of this Agreement, or any part of this Agreement not held to be invalid or unenforceable.

SECTION 26. ARM'S LENGTH TRANSACTION. This Agreement  has  been  negotiated fully between the District and Contractor as an arm's length transaction. The District and Contractor participated fully in the preparation of this Ag,ree ment with the assistance of their respective counsel. In the case of a dispute concerning the interpretation of any provision of this
Agreement, the parties are each deemed to have drafted, chosen, and selected the language, and any doubtful language will not be interpreted qt construed againstany party.

SECTION 27.	,_ t his Agreement may be executed in any number of counterparts, each of which when executed" and delivered shall be ah ._original; however, all such counterparts together shall constitute, but on, e- l!D-d the same instrument.

SECTION 28.    SCRUTINI"ZED CO-  MPANIES STATEMENJ:.    C·.ontractor ce" rtifies that it is not in violation of section  287.135,  Florida  S(atutes, and{s hqYprohibited  from doiQ.g  business  with
the District under Florida law, incluqin, gb  i not limited tq Scrutinized Companies ":ith Activities in Sudan List or Scrutinized Companies wit,h A ctivities in th Irnn Petroleum Energ,y•s_ector List. If Contractor  is fo:uiid  to have submitte<;l  a  false statement, _has·  been placed  on the Scrutinized
Companies with Activities iQ. Sudan List or the Scrutjnized Compcµtle with Activities in the Iran Petroleum Energ_y Sector List,·qr has been en,gaged in busfr1ess opera#ons  in Cuba or Syria, or is now or in the future, on the Scrutinized Companies that Boycott Ista_el List, or  engaged  in  a boycott oflsrtlel, the District may immediately terminate the Co:Q.tract.

fSignatures on page to follow]

8

IN WITNESS WHEREOF, the parties hereto have signed this Agreement on the day and year fust written above.

ATTEST:	FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT

 	
Secretary/Assistant Secretary

WITNESS:
Vice/Chairperson, Board of Supervisors

REW LANDS APE CORP., a Florida
corporation

Print Name:---------	By:  	_
Its: --------------

Exhibit A:	Landscape Mai,nte riance Speci;ffoations

9

Exhibit A
Landscape Maintenance Specifications

10

SECTION C
AGREEMENT BETWEEN THE FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT AND ROBERTS POOL SERVICE AND REPAIR, INC. FOR THE PROVISION OF POOL MAINTENANCE SERVICES

THIS  AGREEMENT  (the "Agreement")  is made  and entered  into this _	day of   	 2019, by and between the following parties:

FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT, a local unit of special­ purpose government established pursuant to Ch;:1:pter 190, Florida Statutes, being situated in Orange County, Florida, and with a mailing  address  of  135  West  Central Boulevard, Suite 320, Orlando, Flqrida 32801 (the "District"); and

ROBERTS POOL SERVICE AND REPAIR, lNc., a Fl9rida corporation, whose mailing address is 19315 Lake Pickett Road, Or{artdo, Florida 32820 ("Contractor").

RECITALS

WHEREAS, the District ,wa es.tablished fqr tpe  purpose  of  planning,  financing,  constructing, operating and/or maintaini:Qg certain infrastructu,re improvements, ii:1cluding pool and  amenity facilities; and	'

WHERE S, the Pistrj_ct has a need tp retain att.1rid pendent_ contractor to provide the labor and materials neCt:ssaty to provJcie .p ool ma111tenance s·e ryfoes at the-Pistrict's amenity facility as described  herein ana .in the attac4ecl Exhibit A., whic.h•  is incorporated  herein  by  reference  (the "Servic<;s"); and

WHEREAS, Contract0r represents that it is 'l icensed, qualified, willing and capable of provi_ding the Services., and des4"es to conti,:act with thi;: District to do so in accordance with the terms of this Agreement a.pd the Di trict is amenable to the same; and

WHE EAS, the District d Contractor warrant and agree that they  have all right, power  and authority to , riter into and be.pound by--thisAgreement.

Now, THEREFORE, in consideration oftl!.e, recitals, agreements, and mutual covenants contained herein, and oth r good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parti¢s, the parties agree as follows:

SECTION 1. RECITALS•. The recitals so stated are true and correct and by this reference are incorporated into and form a material part of this Agreement.

SECTION 2.	DESCRIPTION OF WORK AND SERVICES.

Contractor agrees to provide the labor and materials necessary for the provision of pool maintenance services to the District in accordance with the terms of this Agreement and the attached Exhibit A. If any provisions in this Agreement contradict any provisions of Exhibit A, the terms of this Agreement shall control.

1

Contractor shall be solely responsible for the means, manner and methods by which its duties, obligations and responsibilities are met to the satisfaction of the District and in accordance with this Agreement. While providing the services identified in this Agreement, Contractor shall assign such staff as may be required, and such staff shall be responsible for coordinating, expediting, and controlling all aspects to assure completion of the Services. Contractor shall use industry best practices and procedures when carrying out the Services.

This Agreement grants to Contractor the right t6;enter the lands that are subject to this Agreement, for those purposes described in this Agreement, and Contractor hereby agrees to comply with all applicable laws, rules, ordinanc,eg m d reguhitions affecting the provision of the Services.	·

Contractor shall report directly to the District Manager.or his designee. Contractor shall use all due care to protect the prope:(ty of the District, its reside s and landowners from damage and shall repair any damage resultlng from Contractor's ac{ivitjes and work within twenty-four (24) hours.

SECTION 3.	COMPENSA'fION;'TJr,RM.
As compensation for tµe Seryfces, the District. agrees to pay Contta for in the
amount of -=------,-==-----,,-	Hundred Dol1¥s ($	) per month:	Contractor shall invoice the

District  by the_ l Sth  of e ery trn;mth  for the Services  completed-.du ring the prior  month, and  the District shallremit payrhenttq Contractor -w_ithin thirtyJ30) days of receipt of such an invoice.
This  A,gre ment  sq.all  commeh e  on- .  October  1,. 20f9,  and  shall  be  effective throug:l} September 30-: 2020, unles terminated ·ip_ accord;mce wjth this  Agreement.  Thereafter, this Agreement may be T riewed for four (4) additional, one  (l)  ye  periods  upon  written ag:reement executs!d by both:Rarties.

,C.          If the Dis!J:ict  should desire a_tiditional wqrk. or services  not provided  in Exhibit A, Contra tor agrees to negoti te in .good faith to. und rta).<.e such additional work or services. Upon successful negotiations, the paiti s shall agree in writing to a work order, addendum, addenda, or chaµge order to thfs Agreemen!, and Contractor shall perform such additional work or services as if de cribed and delin ated in this Agreement.

D. The District may req"Qire, as a condition precedent to making any  payment  to Contractor, that all subco:Q-tractors, material men, suppliers or laborers be paid and require  evidence, in the form of Lien Releases or partial  Waivers  of Lien, to  be submitted  to the  District by those subcontractors, material men, uppliers or laborers, and further require that Contractor provide an Affidavit relating to thep_11yment of said indebtedness. Further, the District shall have the right to require, as a condition precedent  to  making  any  payment,  evidence  from  Contractor, in a form satisfactory to the District, that any indebtedness of Contractor, as to services  to the District, has been paid and that Contractor has met all of the obligations with regard to the withholding and payment of taxes, Social Security payments, Workers' Compensation, Unemployment Compensation contributions, and similar payroll deductions from the wages of employees.

2
SECTION 4. TERMINATION. The District agrees that Contractor may terminate this Agreement for cause by providing sixty (60) days' written notice of termination to the District; provided, however, that the District shall be provided a reasonable opportunity to cure  any failure under this Agreement. Contractor agrees that the District may terminate this Agreement immediately for cause by providing written notice of termination to Contractor. The District shall provide thirty (30) days' written notice of termination without cause. Upon any termination  of this Agreement, and as Contractor's sole and exclusive remedy for any termination hereunder, Contractor shall be entitled to payment for all Services rendered up until  the  effective termination of this Agreement, subject to whatever claims or off sets the District may have against Contractor.

SECTION 5.	INSURANCE.

The Contractor shall maintain throughout the' Jenn of this Agreement the following insurance:

Worker's Compensation lns\lrance m accordance _with the laws of the State of R}odda.

Commercial Q-enei:al Liability lrtsµrance covering the Coil actor's legal liability for bopily -injtiries, with ' limhs of not less than, $1,Q00,000 combined single )imit bo #ly injury and property damage liability, and covetjng at least the-following 	hazards:

Independent Contracton,vCoverage for bqdily injury and property dama'.'ge in connectip, n with subconJractors' 'OJ)eration.

Empfoyer' s 'Liability Coverag with limits of at least $1,000,000 (one
)nillion do.tlars) per a cident or disease.

Autdll)obile Liapility Insuram e for bodily injuries in limits of not less than
$1,000,000 combifled single limit bodily injury and for property damage, providing coverage f9r any accident arising out of or resulting from the operation, m iiitenance, cir use by the Contractor of any owned, non­
.pwned, or hir d automooil s, trailers, or other equipment required to be iicensed.

The District, its staff, consultants and supervisors shall be named as an additional insured. Contractor shall funiis];_i the District with the Certificate of Insurance evidencing compliance with this requirement. No certificate shall be acceptable to the District unless it provides that any change or termination within the policy periods of the insurance coverages, as certified, shall not be effective within thirty (30) days of prior written notice to the District. Insurance coverage shall be from a reputable insurance carrier, licensed to conduct business in the State of Florida, and such carrier shall have a Best's Insurance Reports rating of at least A­
VII.

If Contractor fails to have secured and maintained the required insurance, the

3
District has the right but not the obligation to secure such required insurance in which event Contractor shall pay the cost for that required insurance and shall furnish, upon demand, all information that may be required in connection with the District's obtaining the required insurance.

SECTION 6. INDEMNIFICATION.

Contractor agrees to defend, indemnify, and hold harmless the District and its officers, agents, employees, successors, assigns, members, affi1,iates, or representatives from any and all liability, claims, actions, suits, liens, demands, costs, interest, expenses, damages, penalties, fines, judgments against the Distric , or loss, or damage, whether  monetary  or otherwise, arising out of, wholly or in part by, or,_jn _ orurectiori with the Services to be performed by Contractor,  its subcontractors, its employees  ahd agents in. _connection with this Agreement, including litigation, mediation, arbitration, app llate, or settlement proceedings with respect thereto. Additionally, nothing in this Agr_eement requires Contract()r 'to indemnify the District for the District's percentage of fault if the Di$triGt is adjudged to be tnpre ,than 50% at fault for any claims against the District apd Contractor asj6intly liable parties; ho'\\.'.ev r, Contractor shall
indemnify  the District  for an,y 'an-d all percentag,e  of fault  attributable  to Cqntractor  for  claims
against the District, regardless  wh,eth  r'  the District_is  adj1,1d ged to be more ot1 ss than 50% at fault. Contractor further agrees thatpothip.g herein shall - onstit,ute or be construed s a waiver of the  District's  limitations  on  liability·\  contained in  section  7'68.28,  Florida  Statutes_,  or  other statute.

ObJigations   uhqer  this  sectipn  shall  in _clud_e  the -payment of  all  settlements, judgments,  damages,  liquidated-  damages, pe alties,  :tines,  forf itures,  back  pay  awards,  court costs, arbitration and/qr ·mediation costs, litigation exp nses, attorneys' fees, paralegal fees (incurred in court, out of-cpurt, on c;ippeal, or in baµkruptcy proce·edirigs), and any interest, all as actually incurred.	·	-	·

-  ECTION 7.	COMPLIANCE    WITH   GOVERNME TAL   REGULATION.	Contractor shall
keep, observe, and perform all requii;-em nts of applicable local; state, and federal laws, rules, regulations, or ordinances. IfGontractoi: fails to notify.the District in writing within five (5) days of the receipt  of any  notice,  order,  requfte_d to comply  notice, or a report  of  a  violation  or an alleged   violation,  _made   by  any  Jocl:ll,   state,  or  federal   governmental   body  or  agency   or subdivision  thereof with  respect  to '-the  services  being  rendered  under  this  Agreement  or  any action of Contractor or' any of its agents, servants, employees, or materialmen, or with respect to terms, wages, hours, coridi#ons of mployment, safety appliances, or any other requirements applicable to provision of services, or fails to comply with any requirement of such agency  within five (5) days after receipt.pf any such notice, order, request to comply notice, or report of  a violation or an alleged violation- , the District may terminate this Agreement,  such termination to be effective immediately upon the giving of notice of termination.

SECTION 8.  LIENS AND CLAIMS.  Contractor  shall promptly and properly pay for all   labor employed, materials purchased, and equipment hired by it to perform under  this Agreement. Contractor shall keep the District's property free from any materialmen's or mechanic's liens and claims or notices in respect to such liens and claims, which arise by reason of Contractor's performance under this Agreement, and Contractor shall immediately discharge

4
any such claim or lien. In the event that Contractor does not pay or satisfy such claim or lien within three (3) business days after the filing of notice thereof, the District, in addition to any and all other remedies available under this Agreement, may terminate this Agreement to be effective immediately upon the giving of notice of termination.

SECTION 9.	DEFAULT  AND  PROTECTION  AGAINST  THIRD  PARTY  INTERFERENCE.   A
default by either party under this Agreement shall entitle the other to all remedies available at law or in equity, which may include, but not be limited to, ,the right of damages, injunctive relief,
and/or specific performance. The District shall be sqleiy re ponsible for enforcing its rights under this Agreement against any interfering third party. Nothing contained in this Agreement shall limit or impair the District's right to prote, c i ts   righ s from interference  by a  third party to
this Agreement.

SECTION 10.	LIMITATIONS	ON	GOVERNMENTAL	LI BILJTY.	Nothing	in	this
Agreement shall be deemed as a waiver qf the District's sovereign immunity or the District's limits of liability as set forth in section 768.2 , Florida Statutes or other law, and nothing in this
Agreement shall inure to the benefit of any thirci party for the purpose qf'allowing any claim which would otherwise be barred under such limifatjons of liability or by oper tion of law.

SECTION  11.   No  THIRD-RARTY BENEFICIARI S.	T}lis Agreement is olely for the benefit of the formal parties hereto ariq no right or cause of. ction shall accrue upon oi;- oy reason
hereof, to or for the benefit of any third party not a form l p rty hereto. Nothing in this Agreement expressed or- -implied is intenoyd  or sha, ll be construeq, to  confer  upon any person or corporation  other<j:hart  the pa_rties'   hereto  arty  right,  remedy- or cla1111 under  or by  reason  of this
Agreement or any Provisions o,r con  ditions-  h reof; arid all of the pn;rvisions, representations,
covenants and conditio11-s herein contained shall inure to the sole benefit ofand shall be binding upon the parties her:eto artd their re pective represeQtatiyes, successors and assigns.

SECTION 12.   !NDEPEND   ENT  CONT CTOR.    In all matters  relating  to this Agreement,
Contractor  shall  be  acting  as  an' inp.ependenf contracto-L	Neither  Contractor   nor  employees of
Contractor, if there are any, are empl9yees of the p istricl,under the meaning or application of
any   Federal   or  State   Unemploymen,t  <>r    Insurance   Laws   or  Old  Age   Laws  or  otherwise.
Contractor agrees to assume all {iabilitie, s 9 r obligations imposed  by  any  one or more  of  such laws with respect Jo employees of ContractQr,- if there are any, in the performance of this Agreement. ContractQr  shall not ha"'.e any  authority  to assume or create  any obligation,  express  or  implied,  on  behalf  of  the  District  and  Contractor   shall  have  no  authority   to  represent  the
District   as  an  agent,  employee,   or  ,rn any  other  capacity,   unless  otherwise  set  forth  in  this
Agreement.

In particular, the District will not: i) Withhold FICA (Social Security) from Contractor's payments; ii) Make state or federal unemployment insurance contributions on Contractor's behalf; iii) Withhold state or federal income tax from payment to Contractor; iv) Make disability insurance contributions on behalf of Contractor; or v) Obtain workers' compensation insurance on behalf of Contractor.

5
SECTION 13. FINAL AGREEMENT. This instrument  shall  constitute  the  final  and complete expression between the District and Contractor relating to the subject matter of this Agreement.

SECTION 14.  CUSTOM AND USAGE.  It is  hereby  agreed,  any  law, custom, or usage to the contrary notwithstanding, that the District shall have the right at all times to enforce the conditions and agreements contained in this Agreement in strict accordance with the terms ofthis Agreement,  notwithstanding any conduct or custom on t_he  part of the District in refraining from
so doing; and further, that the failure of the District at,,.:iny titp_e or times to strictly enforce its rights  under  this  Agreement  shall  not  be  construed .as ha_ving created  a  custom  in  any  way  or
manner contrary to the specific conditions and ag ,eement of:this Agreement, or as having in any way modified or waived the same.

SECTION 15.   AMENDMENTS.   Amendm nts  to  and  wafv rs  o_f  the   provisions  contained in this Agreement may be made only by an instrument in writing WQ.ich is executed by both the District and Contractor.

SECTION  16.    AUTHO ZATION.      The  e ecu,tion   qf    this  Agreelilynt  _has  been  duly authorized by the appropriate body o, r officialof the Dlsfric;Vand Contractor, both the District and Contractor have complied with all tl}.e·tequ irements of la , anc;l both the District ·aµd Contractor have full power and authority to compl '  wi  th_ t lie terms andprovisions of this Agreement.

SECTIO  ·i  7.  NoTI Es  All noticys, request , consents   d   other communications under this Agreement (' otices") shap be in writing and shall.be hand de1ivered, mailed by First Class Mail, postage prepa'id, or sent ovei;night deliv ry service, to the parties,as follows:

If to Dist(i t:

With a copy tot

If to Contractor:
Falcon Trace Communi_t y Development District 135 Wes Central Boulevard, Suite 320
Orlando, FJorida 32801 Attn: Distr'ict Manager

Hopping Green & Sams PA
119 South Monroe Street, Suite 300 T Hahassee, Florida 32301
Attn: District Counsel

Roberts Pool Service and Repair, Inc. 19315 Lake Pickett Road
Orlando, Florida 32820 Attn: Patricia Buchanan

Except as otherwise provided in this Agreement, any Notice shall be deemed received only upon actual delivery at the address set forth above. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving Notice contained in this Agreement would otherwise expire on a non-business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded as

6
business days. Counsel for District and counsel for Contractor may deliver Notice on behalf of the District and Contractor. Any party or other person to whom Notices are to be sent or copied may notify the other parties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days written notice to the parties and addressees set forth in this Agreement.

SECTION 18. ENFORCEMENT OF AGREEMENT. In the event that either the District or Contractor is required to enforce this Agreement by col]Ji proceedings or otherwise, then the substantially prevailing party shall be entitled to recover all fees and costs incurred, including reasonable attorneys' fees and costs for trial, alternative dispute resolution, or appellate proceedings.

SECTION 19. CONTROLLING LAW . AND VENUE. Thi.s Agreement and the provisions contained in this Agreement shall be construed,  interpreted,  and ccmtrolled  according  to the  laws of the State of Florida. Each party agrees tp' and consents  that ·t4e  exclusive  venue  for  any litigation arising out of or related to this Agreement  shall  be  in a court of  appropriate  jurisdiction, in  and  for Orange County, Floriqa.	·

SECTION 20.    PUBLIC  RECORDS.    Contractor -,understands  and  agrees th fall documents of any kind provided to the District ih cprinection wit,h  th is Agreement  may  be pµblip  records,  and, accordingly, Con actor agrees to compzy with all applicable provisions of Flo:r;_ida law in handling   such   repoi:ds,   including   but   not   lin1ited   to   section   119.0701,   Florida  Statutes.
Contractor acknowledges th t the designat d publi,c records custodian for  the  District  is  George Flint ("Public Records Custodian"). Among other requirements anq fo the  extent  applicable  by law,  Contractor  shall 1)keep and,)11ai ntain pdblic records required  by tl_ie  District to  perform the
service;, 2) upon request.by .the Public Records <Sµstodian, provi4e the District with the requested public records or allow th_ e,records to be inspected or copied withih a  reasonable time period at a co 't that doe ; not exceed th cost provided in Ch pter 119, Florida Statutes; 3) ensure that puBlic records which _a re exempt or confipential, and exempt from public records disclosure requirements,  are not disclosed exc pt as authorized  by law  for the duration of the contract term
and followjng the contract term if Contractor does not transfer the records to the Public Records Custodian of the District; and 4) upon completion  of the contract, transfer  to the District, at no
cost, all public-records in Contra9tor's possession or, alternatively, keep, maintain and meet all applicable require111ents for retaini11g public te. ords pursuant to Florida laws. When such public records are transferreq by Contractor, Contractor shall destroy any duplicate public records that are exempt or confidenfo I and exem t from public records disclosure requirements. All records stored electronically must be provi ed to the District in a format that is compatible with Microsoft Word or Adobe PDF formats.

IF CONTRACTOR HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO CONTRACTOR'S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT (407) 841-5524, GFLINT@GMSCFL.COM, AND 135 WEST CENTRAL BLVD, SUITE 320, ORLANDO, FLORIDA 32801.

7

SECTION 21. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Agreement shall not affect the validity or enforceability of the remaining portions of this Agreement, or any part of this Agreement not held to be invalid  or unenforceable.

SECTION 22. HEADINGS FOR CONVENIENCE ONLY. The descriptive headings in this Agreement are for convenience only and shall neithei: control nor affect the meaning or construction of any of the provisions of this Agreement.

SECTION 23. COUNTERPARTS. This Agreemen_t may be executed in any number of counterparts, each of which when executed and-d livered shall.pe an original; however, all such counterparts together shall constitute, but one and the same instrument.

SECTION 24. NEGOTIATION AT A l_lM' ' L ENGTH. This Agryement has been negotiated fully between the parties as an arm's length transaction. The parties pai:ticipated fully in the preparation of this Agreement and received th advice of counsel. Iii tlie case of a dispute concerning the interpretation of,any-provision ofl:his Agreement, all partie, s l,lfe   eemed to have drafted, chosen and selected the fang age, and the do:ubtfµl,language will not 1;,e interpreted or construed against any party.

SECTION 2;5. ASSIGNMENT. Nejther Pait' may assign this Agreement or any monies to become due hereunde witl:iout the prior written q:nisent of ih other party. Any purported assignment with0tit su;ch conse11-t shall be voiµ.

SECTION 26. S .pCCESS0 RS;. This Agreement shall inur to the b'eQ-efit of and be binding upon the heirs, executor , administrators, succyssors; and assigns of the Parties to this Agreement, except as expresslr Iiriiited iirthis Agreerpent.	·

,    ECTI0 N  27.   SCRUTINIZED  CQMPANlE  STATEMENT.     Contractor  certifies that it is not in violation of section 287J35, Flor'id_a Statutes, and is not prohibited from doing business with the District   der Florida law, •includin, g }?ut not limited to Scrutinized Companies with Activities in Sudan List or Scrutinized Companies wit9- Activities iri the Iran Petroleum Energy Sector List. If Contractor is fol,lnd to have subiµihed a fal_se statement, has been placed on the Scrutinized Companies with Adi ities in SudanList or the-_Scl]ltinized Companies with Activities in the Iran Petroleum Energy Sector_ Li t, or has been engaged in business operations in Cuba or Syria, or is now or in the future on th Scrutinized Companies that Boycott Israel List, or engaged  in a boycott of Israel, the District may immediately terminate the Contract.

-  [Signatures on next page]

8
IN WITNESS WHEREOF, the parties hereto have signed this  Agreement  to  be effective on the day and year first written above.

ATTEST:	FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Vice/Chairperson, Board of Supervisors

WITNESS:	ROBERTS'PpOL SERVICE AND
REPAIR, INC,, ; a' Florida corporation,

Print Name:---------	By:  	_
Its:    --------------

Exhibit A:	Scope of Services

9
Exhibit A:
Scope of Services

[to be attached,  if approved]

SECTION IX

SECTION 8

SEC·TION 1

Falcon Trace
Community Development District
Check Register Summary

July 01, 2019 through July 31, 2019

Fund	Date	CheckNo.'s	Amount

General Fund	7/1/19	3893-3894	$	1,870.00	
	7/8/19	3895	$	6,495.38	
	7/11/19	3896-3897	$	2,855.60	
	7 /12/19	3898	$	159.55	
	7/17/19	3899-3900	$	968.15	
	7/24/19	3901	$	19,560.99	
	7/25/19	3902-3904	 	$	11,718.24 	
			$	43,627.91	

$	43,627.91 I
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 8/14/19
***  CHECK DATES 07/01/2019 - 07/31/2019 ***	FALCON TRACE COD -GENERAL FUND
BANK A FALCON TRACE CDD
PAGE	1
CHECK  VEND# .....INVOICE...••...EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
STATUS
AMOUNT	CHECK••.••
AMOUNT	#
7/01/19 00100

7/01/19 00022

7/08/19 00027
5/01/19 5130	201905 320-53800-47400
POOL MAINTENANCE-MAY19
ROBERTS POOL SERVICE AND REPAIR INC
6/18/19 338149	201907 320-53800-47400
TANK RENTAL FEE-JUL19
6/20/19 338860	201906 320-53800-47400
INST.SEAL/SLEEVE/PMP GSKT
SPIES POOL, LLC
7/01/19 503	201907 310-51300-34000
MANAGEMENT FEES JUL19
7/01/19 503	201907 310-51300-35100
INFORMATION TECH JUL19
7/01/19 503	201907 310-51300-31400
DISSEMINATION FEE JUL19 7/01/19 503	201907 310-51300-51000
OFFICE SUPPLIES JUL19
7/01/19 503	201907 310-51300-42000
POSTAGE JUL19
7/01/19 503	201907 310-51300-42500
COPIES JUL19
7/01/19 504	201907 320-53800-12000
FIELD MANAGEMENT JUL19
7/01/19 504	201907 320-53800-49100
EMBROIDERY - 16 UNIFORMS 7/01/19 504	201907 320-53800-47700
SIGN INSTALL SUPPLIES
*	600.00
-  - -  -  -  - - -  - -  - -60-0.-00-
*	30.00
*	1,240.00
-	- -  - - - - - -1-,2-70.-00-
*	4,301.25
*	120.83
*	83.33
*	1.32
*	17.20
*	47.85
*	1,611.92
*	300.77
*	10.91

003893

003894

7/11/19 00100
GOVERNMENTAL MANAGEMENT SERVICES
7/01/19 5261	201907 320-53800-47400
POOL MAINTENANCE-JUL19
- - - -  - - -  -  -  - -6,-49-5.-38- 003895
*	600.00

7/11/19 00071
ROBERTS POOL SERVICE AND REPAIR INC
7/01/19 726377	201907 320-53800-47500
MTHLY POOL LNDSCAPE-JUL19
-  - - -  -  - - -  -  - -  -60-0-.00-
*	2,255.60
003896

7/12/19 00027
REW LANDSCAPE CORP
3/31/19 CF0048	201811 310-51300-49100 EMAIL HOSTING SRVC-NOV18
3/31/19 CF0048A	201812 310-51300-49100 EMAIL HOSTING SRVC-DEC18
3/31/19 CF0053	201901 310-51300-49100 EMAIL HOSTING SRVC-JAN19
3/31/19 CF0053A	201902 310-51300-49100 EMAIL HOSTING SRVC-FEB19
- - -  - - - -  - - - -2,-25-5.-60- 003897
*	31.91
*	31.91
*	31.91
*	31.91
FALC FALCON TRACE	IARAUJO
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 8/14/19
***  CHECK DATES 07/01/2019 - 07/31/2019 ***	FALCON TRACE CDD -GENERAL FUND
BANK A FALCON TRACE CDD
PAGE	2
CHECK  VEND# .••.•INVOICE....••••EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
3/31/19 CF0053B 201903 310-51300-49100 EMAIL HOSTING SRVC-MAR19
STATUS

*
AMOUNT	.•••CHECK.....
AMOUNT	#
31.91

7/17/19 00022

7/17/19 00090
GOVERNMENTAL MANAGEMENT SERVICES
6/27/19 339001	201906 320-53800-47400
SULFR/MURIATIC ACID/BICRB 7/01/19 339350	201907 320-53800-47400
280-BULK BLEACH/DELIVERY
SPIES POOL, LLC
7/12/19 9622408 201907 300-15500-10000
PLATINUM MONITORING-AUG19 7/12/19 9622408	201907 300-15500-10000
SECURITY MONITORING-AUG19
-  - -  - - - -  -  - -	- 1-59-.55- 003898
*	412.25
*	472.00
-  -  - -  - -  - - -  -  - -88-4.-25- 003899
*	49.95
*	33.95

7/24/19 00054
SAFE TOUCH SECURITY SYSTEMS
7/24/19 07242019 201907 300-20700-10000
FY19 DEBT SERVICE SER2007

*	19,560.99
83.90 003900
FALCON TRACE CDD C/0 US BANK	19,560.99 003901
7/25/19 00079

7/25/19 00027

7/25/19 00015

7/25/19 00022
7/16/19 10915	201906 320-53800-47000
MTHLY LAKE MAINT-JUN19
AQUATIC WEED MANAGEMENT, INC.
7/24/19 509	201907 320-53800-12200
POOL ATTENDANTS-JUL19
GOVERNMENTAL MANAGEMENT SERVICES
6/18/19 108641	201906 310-51300-31500
BDGT/FIN.STAT/MEMO/AGRMNT
HOPPING GREEN & SAMS
7/11/19 339525	201907 320-53800-47400
REBUILD 20HP MOTOR
*	300.00
.,.
*	7,225.74

*	3,197.50

*	995.00

300.00 003902

7,225.74 003903

3,197.50 003904
SPIES POOL, LLC	995.00 003905

TOTAL FOR BANK A TOTAL FOR REGISTER
43,627.91
43,627.91

FALC FALCON TRACE	IARAUJO

SEC·TION 2

Falcon Trace
Community Development District

Unaudited Financial Reporting July 31, 2019

GQvemmental
Mana99ment S.rvicei

,,,.. ..

Table of Contents

 	Balance Sheet 

 	General Fund 

 	Debt Service Fund 

 	Capital  Projects Fund 

5-6	 	Month to Month 

 	Long-Term Debt

 	Assessment Receipt Schedule 
FALCON TRACE
COMMUNITY DEVELOPMENT DISTRICT
COMBINED BALANCE SHEET July 31, 2019

GQvernmental Fund	Totals
Assets	General	Debt Service	Capital Projects	2019

cash - Wells Fargo	$305,628	----------	----------	$305,628
Cash - SunTrust	----------	----------	$237,955	$237,955
Prepaid Expense	$84	----------	----------	$84 Investments
Custody Account	$57,914	----------	----------	$57,914
Series 2007
Revenue Account	----------	$236,645	----------	$236,645
Redemption Account	----------	$1	----------	$1
Cost of Issuance	----------	----------	$26,419	$26,419

!!Total Assets
$363,627	$236,646	$264,374
$864,64611

Liabilities

Accounts Payable	$4,521	----------	$2,982	$7,503

Fund Equity

Fund Balances
Unassigned	$359,105	----------	----------	$359,105
Restricted  for Debt Service	----------	$236,646	----------	$236,646
Restricted for Capital Projects	----------	----------	$261,392	$261,392

Total liabilities and Fund Equity	$363,627	$236,646	$264,374	$864,646

Page 1
FALCON TRACE
COMMUNllY  DEVELOPMENT DISTRICT
GENERAL FUND
Statement of Revenues and Expenditures For Period Ending July 31, 2019

I

Total Maintenance	 	$247,403	$190,631	$161,882	s 2s,150 I

Total Expenditures	 	$357,855	$281,996	$251,474		$30,522 1
Excess Revenues (Expenditures)	 	($0)	$112,600		1
Fund Balance - Beginning	 	$0		$246,505	1
Fund Balance - Ending	($0)	$359,105	1
Page 2

FALCON TRACE
COMMUNITY DEVELOPMENT DISTRICT
DEBT SERVICE 2007
Statement of Revenues & Expenditures For Period Ending July 31, 2019

Adopted	Prorated Budget	Actual				
 	Bud et	Thru 07/31/19	Thru 07/31/19	Variance			
Revenues:					
Assessments - On Roll	$413,660	$413,660	$420,631	$6,971	
Interest	$300	$250	$873	$623	

Total Revenues
 	$413,960	$413,910	$421,504	$7,594 l

Expenditures:					
Special Call 11/01	$0	$0	$5,000	{$5,000)	
Interest Expense 11/01	$17,663	$17,663	$17,663	$0	
Principal Expense 05/01	$385,000	$385,000	$385,000	$0	
Interest Expense 05/01	$17,663	$17,663	$17,550	$113	

Total Expenditures	 	$420,325	$420,325	$425,213	$4,888(	)!

Other Sources !Uses)

Transfer In (Out)	$0	$0	$66	$66

Excess Revenues (Expenditures)
($6,365)
($3,643)

Fund Balance - Beginning	 	$239,924	$240,289	

Fund Balance - Ending	 	$233,559	$236,646	

Page3

FALCON TRACE
COMMUNITY  DEVELOPMENT DISTRICT
CAPITAL PROJECTS FUND
Statement of Revenues & Expend it ures For Period Ending July 31, 2019

Adopted	Prorated	Actual
Budget 	Thru 07/31/19	Thru 07 /31/19	Variance	

Revenues:

Transfer In	$20,019		$0		$0		$0 Interest		$150	$125	$165	$40
Total Revenues	$20,169	$125	$165	$4o I

Expenditures;

Pool Furniture	$10,000	$8,333	$2,982	$5,351
Building Renovations	$-25,000	$20,833	$0	$20,833
Total Expenditures	$35 , 0 00	$29,167	$2,982	s26,1ss I
Q1her Soyri;e (Uses)
Transfer In (Out)	$0	$0	($66)	($66)

Total Other	$0	$0	($66)		($66! 1

Excess Revenues (Expenditures)	($14,831)	($2,883)

Fund Balance - Beginning	$ 234,197	$264,275

Fund Balance - Ending	 	$ 219,366	$261,392	

Page4

FALCON TRACE
COMM  UNl1YDEVELOPMENT DISTRICT
 	Oct	Nov	!lee	Jan	Feb	Mar	Apr	 Filay	Jun	Jul		Aug	 	ep	Total	

Maintenance Assessments	$0	$5,674	$280,788	$17,760	$17,121	$19,591	$4,476	$9,286	$2,364	$5,197	$0	$0	$362,255	
Miscellaneous Income	$300	$0	$125	$0	$125	$50	$180	$405	$275	$215	$0	$0	$1,675	
Interest	$14	$15	$14	$15	$15	$13	$15	$14	$15	$14	$0	$0	$144	
Total R eva,ues	ma	
s . n9	
80,927	
17, 775	m,m	
19,654	.ffl	S§,1os	
2J 53	.:m	So		364,074 j	
Expa,dltures:														
Admlnistratfye														
Supervisors Fees	$0	$0	$0	$800	$200	$1,000	$0	$1,000	$0	$0	$0	$0	$3,000	
FICA Expense	$0	$0	$0	$61	$15	$77	$0	$77	$0	$0	$0	$0	$230	
Engineer	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Dissemination Agreement	$83	$83	$83	$83	$83	$83	$83	$83	$83	$83	$0	$0	$833	
Assessment Roll	$5,000	$0	$0	$0	so	$0	$0	$0	$0	$0	$0	$0	$5 ,000	
Arbitrage	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	so	
Attorney	$184	$642	$0	$2,437	$270	$4,278	$2,291	$4,184	$3,198	$0	$0	$0	$17,483	
Annual Audit	$0	$0	$500	$0	$2,700	$0	$0	$0	$0	$0	$0	so	S3,200	
Trustee Fees	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Management Fees	$4,301	$4,301	$4,301	$4,301	$4,301	$4,301	$4,301	$4,301	$4,301	$4,301	$0	$0	$43,013	
Information Technology	$121	$121	$121	$121	$121	$121	$2,096	$121	$121	$121	$0	$0	$3,183	
Telephone	$0	$13	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$13	
Postage	$7	$12	$4	$12	$37	$7	$13	$23	$9	$17	$0	$0	$141	
Printing and Binding	$0	$0	$0	$0	$38	$2	$72	$2	S79	$48	$0	$0	$240	
Insurance	$10,654	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$10,654	
Legal Advertising	$0	$0	$0	$196	$0	$196	$0	$279	$0	$0	$0	$0	$671	
Contingency	$104	$129	$63	$73	$64	$80	$67	$75	$87	$56	$0	$0	$797	
Property Appraiser	$902	$0	$0	$0	$0	$0	$0	$0	$0	$0	so	$0	$902	
Office Supplies	$0	so	$0	$0	$18	$0	$18	$1	$18	$1	$0	$0	$57	
Dues, licenses, Subscriptions	$175	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$175	
Total Administrative	$21,532	$5,302	$5,073	$8,084	$7,847	$10,144	$8,941	$10,145	$7,896	$4,628	$0	$0	$89,5921	

Page 5

FALCON TRACE
COMMUNITY  DEVELOPMENT DISTRICT
Oct	Nov	Dec	Jan	Feb	Mar	Apr	Ma	Jun	Jul	AU§	Sep	Total
Maintenance

Field Management	$1,612	$1,612	$1,612	$1,612	$1,612	$1,612	$1,612	$1,612	$1,612	$1,612	$0	$0	$16,119 Property Insurance	$6,245		$0		$0		$0		$0		$0		$0		$0		$0		$0	$0	$0		$6,245 Pool Staff Payroll	$6,755	$4,326	$1,887	$2,095	$1,675	$4,565               $5,882               $9,189               $8,971               $7,526                      $0                      $0            $52,872
Security			$86			$84			$84			$84			$84			$84		$82		$84		$84		$84	$0	$0		$840 Telephone Expense		$161		$161		$162		$162		$162		$162	$177	$177	$177	$177	$0	$0	$1,677 Electric	$1,569	$1,441	$1,359	$1,340	$1,346	$1,299               $1.427               $1.465               $1,638               $1,455                      $0                      $0             $14,341
Irrigation/Water	$500	$354	$322	$265	$401	$416	$541	$504	$563	$640	$0	$0	$4,507
Lake Maintenance	$300	$300	$300	$300	$300	$300	$300	$300	$300	$2,300	$0	$0	$5,000
Pest Contro l	$0	$0	$0	$0	so	$0	$0	$0	$0	$0	$0	$0	$0
Pool Maint enance	$1,789	$1,519	$1,225	$1,750	$3,875	$2,718	$2,004	$2,280	$3,062	$3,949	$0	$0	$24,170
Grounds Maintenance	$2,256	S2,256	$2,256	S2,774	$2,256	S2,840	$2,256	$2,256	$2,871	$2,256	so	$0	$24,273
General Facility Maintenance	$1,081	$297	$0	$1,115	$342	$251	$1,376	$350	$2,004	$27	$0	$0	$6,843
Refuse Service	$397	$400	$400	$417	$413	$409	$412	$413	$414	$425	$0	$0	$4,100
Field Conting ency	$0	$0	$0	$250	$0	$0	so	$0	$126	$520	$0	$0	$896
Transfer Out	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Tata/ Maintenf!nce	$22,750	$12,750		$9,606	$12,163	$12,466	$14,656	Sl6 ,069	$18,630	$21,821	$20,970	$0	$0	$161,882 1 Total Expenditures	$44,282	$18,052	$14,679	$20,247	$20,313	$24,801	$25,011	$28,775	$29,717	$25,598	$0	$0	$251,474 1
Excess Revenues (Expenditures)	($43,968)	($12,3631            $ 266,248	j$2,473)	!$3,0521	1ss,1411	(S20,340)	1$19,0101	jS27,064l	j$20,172!	$0	$0	s112.600 I

Page 6

FALCON TRACE
COMMUNITY DEVELOPMENT DISTRICT
LONG TERM DEBT REPORT

SERIES 2007, SPEOALASSESSMENT REFUNDING BONDS		
MATURITY DATE:	5/1/2020		
RESERVE FUND DEFINITION	MAXIMUM ANNUAL DEBT SERVICE		
RESERVE FUND REQUIREMENT	COVERED BY FINANCIAL GUARANTY INSURANCE Poljcv		
RESERVE FUND BALANCE	$0		
BONDS OUTSTANDING-9/30/13	$2,475,000	
LESS: PRINCIPAL PAYMENT 5/1/14	($310,000)	
LESS: PRINCIPALPAYMENT5/1/15	($325,000)	
LESS: PRINCIPAL PAYMENT 5/1/16	($335,000)	
LESS: PRINCIPAL PAYMENT 5/1/17	($350,000)	
LESS: PRINCIPAL PAYMENT 5/1/18	($370,000)	
LESS: SPECIAL CALL 11/1/18	($5,000)	
LESS: PRINCIPAL PAYMENT 5/1/19	($385,000)	
CURRENT BONDS OUTSTANDING	$395,000	

Page 7

FALCON TRACE
COMMUNITY  DEVELOPMENT DISTRICT

SPl:CAL ASSESSMENT RECEIPTS - FY2019 TAX COLLECTOR
Gross Assessments $	818,144   $	378,569    $	439,575
Net Assessments $	769,056    $	355,855    $	413,201
	
Date Received	

Dist.#	
Gross Assessments	Discounts/	Commissions	Interest	Net Amount Received		Penalties		Paid	Income		Received	
General Fund 46.27%	2007
Debt Svc Fund 53.73%	
Total 100%	

11/13/18	
1	
$	7,355 .81    $	327 .45    $	$	$	7,028.36	
$	3,25 2.14	
$	3,776.22	
$	7,028.36		
11/19/18	2	$	5,451.96   $	218.10   $	$	$ 5,233.86	$	2,421.80	$	2,81 2.06	$	5,233.86		
12/3/16	3	$	47,181.06    $  1,887.43   $	$	$ 45,293.63	$ 20,958.14	$ 24,335.49	$ 45,293.63		
12/10/16	4	$	157,198 .16    $  6,288.55   $	$	$ 150,909.63	$ 69,828.46	$ 81,081 .17	$ 150,909.63		
12/17/18	5	$	122 ,180.14    $  4,887 .69    $	$	231.58 $ 117,524.03	$ 54,380.38	$ 63,143.65	$ 117,524.03		
12/21/18	6	$	305,309 .76   $12,213.60   $	$	$293,096.16	$ 135,620.60	$157,475.56	$ 293,096.16		
1/14/19	7	$	39,981.04    $ 1,599.40   $	$	$ 36,381 .64	$	17,759.84	$ 20,621.60	$ 36,361.64		
2/19/19
3/14/19	8
9	$	39,260.58    $  1,561.49   $	698.51   $	$ 37,000 .58
$	42,115.97     $  1,181 .97    $	$	1,404.07   $   42,338 .07	$ 17,120.80
$ 19 ,590.55	$   19,879.78
$   22 ,747 .52	$    37,00 0.58
$  42,338 .07		
4/11/19	10	$	9,772 .44   $	99.98   $	$	$ 9,672.46	$	4,475.61	$ 5,196.85	$	9,672 .46		
5/9/19	11	$	20,068.25   $	$	$	$ 20,068.25	$	9,285.92	$ 10,782.33	$ 20,068.25		
6/13/19
7/11/19	12
13	$	4,862.68   $	$	$	245.27    $    5,107.95
$	11 ,231.04	$	$	$	$   11,231 .04	$	2,363.54
$	5 ,196.79	$     2,744 .41
$	6,034 .25	$	5,107.95
$   11,231.04		
		$	$	$	$	$	$	$	$			
	Totals		$	811.968.91     $30,265.66    $	696.51    $	1,88 0.92 $ 782 ,885.66	$ 362,254.56	$ 420 ,631 .10	$ 782,885.66	

Page 8

S EC·TION 3
NOTICE OF MEETING DATES FALCON TRACE
COMMUNITY DEVELOPMENT DISTRICT
The Board of Supervisors of the Falcon Trace Community Development District will hold their regularly scheduled public meetings for Fiscal Year 2020 at 6:00 pm at the Big Hawk Lake Recreation Center, 13600 Hawk Lake Drive, Orlando, Florida 32837 on the third Wednesday of the month as follows:

October 16, 2019
January 15, 2020
March 18, 2020 May20,2020 July 15, 2020
August 19, 2020

The meetings are open to the public and will be conducted in accordance with the provisions of Florida Law for Community Development Districts. A copy of the meeting agenda may be obtained from the District Manager at 135 W. Central Blvd., Suite 320, Orlando, FL 32801.

The meeting may be continued to a date, time, and place as evidenced by motion of the majority of Board Members participating. There may be occasions when one or more Supervisors will participate by telephone.

Any person requiring special accommodations at  this meeting because  of a disability or physical impairment should contact the District Office at (407) 841- 5524 at least forty-eight (48) hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service 1-800-955-8770, for aid in contacting the District Office.

Each person who decides to appeal any action taken at these meetings is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.

Jill Burns District Manager
Governmental Management Services - Central Florida, LLC

SEC-TION 4

BILL COWLES
Supervisor  of Elections
Orange. CounJy, Florida
OUR MISSION IS TO:

Ensure the integrity orths IJ/ectoral p ss.
Enhanqeput,l/c  QOJ'/Udenr;e.
Ent:;ourage cii/zen part/cipaJ/0/I.

Aprfl 15, 2019

Lauren Vanderveer, Administrative Assistant Falcon Trace Community Development District 135 W Central Bivd, Suite 320
Orlando FL l2801
Oear Ms. Vanderveer:
Per the requirements of Chapter 190.006, Florida Statutes, the Orange County Supervisor of Elections Office Mapping Department has determined the number of registered  voters Jn the Development  District  as of  April 15, 201:9..   Our researct't  is b.ased on the legal description provided to us by the Oistriot offrce on April, 1 s, 2017.
As. of April 151 2019, there are 1,895 registered voters in the Falcon Trace Community Development District.

Attached is a map and list of streets currently in the Devetopment District according to our records. If you have any questions or corrections, please contact the Mapping Department at 407-254-6584;

m Cowles
Supervisor of Elections

bc/ajs

1, 19  West Kaley St, reet; Orlando  •  Reply tO': Post Office Box 562001, Orlando, Florida 32856
.Phone  (407} 836 •2070   •   Fax (407) 2S4-8596  •  TOO (407) 422-4833  •  Internet: www,ocfeel ctions;com

S EC·TION 5

FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT
$4,085,000
SPECIAL ASSESSMENT REFUNDING BONDS SERIES 2007
ARBITRAGE REBATE REQUIREMENT JUNE 30, 2019
Grau & Associates
CERTIFIED  PUBLIC ACCOUNTANTS
951 Yamato Road • Suite 280 Boca Raton, Florida  33431 (561) 994-9299 • (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

July 31, 2019

Falcon Trace Community Development District Orange County, Florida

Re:		$4,085,000 Falcon Trace Community Development District (Orange County, Florida)
Special Assessment Refunding Bonds, Series 2007 (the "Bonds")

Falcon Trace Community Development District has requested that  we  prepare certain computations related to the above-described Bonds for the year ended June 30, 2019 ("Computation Period"). The engagement consisted of the preparation of computations to be used to assist in the determination of the amount, if any, of the Rebate Requirement for the Bonds for the Computation Period as described in Section 148(f) of the Internal Revenue Code of 1986, as amended ("Code").  You have the ultimate responsibility for your compliance with arbitrage rebate laws; therefore, you should review the calculations carefully.

In order to prepare these computations, we were provided with the following information: various trust statements and the Official Statement  for the Bonds.  We did not verify or otherwise audit the accuracy of information provided to us by you or the Trustee, and accordingly, we express no opinion on such information. The attached schedules are based upon the aforementioned information  provided  to us. A brief description of the attached schedules is attached.

The results of our computations based on the information provided to us indicate a negative Rebate Requirement of ($17,170) for June 30, 2019. Consequently, our results indicate no amount must be on deposit in the Rebate Fund.

The Rebate Requirement has been determined as described in the Code and the Arbitrage Rebate Regulations. We have no obligation to update this report because  of events occurring, or information coming to our attention, subsequent to the date of this report. It is understood that these calculations are solely for the information of, and assistance to, the addressee for the purpose of complying  with the Code and  the Arbitrage Rebate Regulations. Our report is not to be used for  any  other purpose.

Grau & Associates

DESCRIPTION OF ATTACHED SCHEDULES

Summary of Rebate Calculations - Provides a summary of the rebate calculations.

Purpose Expenditures Future Value Report - Verifies the rebate calculation.  The report future values the purpose expenditures by the arbitrage yield limit to the computation date (June 30, 2019).

Arbitrage Yield Limit ( A YL} Verification Report - Verifies the calculation of the arbitrage yield limit and the arbitrage gross proceeds. Discounts the debt service schedule by the arbitrage yield limit.

True Interest Cost (TIC) Verification Report - Verifies the calculation of the  true interest cost and the gross proceeds. Discounts the debt service  schedule  by the true interest cost.

Unspent Proceeds Report - Verifies the amount of unspent proceeds. Lists purpose expenditures in chronological order.

Internal Rate of Return (IRR) Report Via Purpose Expenditures- Verifies the internal rate of return for the investment portfolio. This report presents values the purpose expenditures by the internal rate of return to the delivery date.
Falcon Trace Community Development District Special Assessment Refunding Bonds, Series 2007 Summary of Rebate Calculations
$ 4,085,000.00
Dated: Delivered:
07/01/2007
07/20/2007

Anniversary Date. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •. . . . . . . . . . . . . . . .	11/01/2007	
Future-Value Date. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	06/30/2019	
Arbitrage Yield Limit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	4.7365179	
Total of Purpose Expenditures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	$4,028,459.32	
Internal Rate of Return. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	0.8355360	
90% of rebate liabili!J. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... .	-$15,452.83	
Full rebate liabili(Y. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	-$17,169.82	

FALCONTS07-2007-A I FY: 1 I Mun-EaseElevateMainDb 116.951 EDB I 07/31/2019I16:57 I Rpt22
Grau & Associates
Grau & Associates CPAs

Page	1

Falcon Trace Community Development District	Dated:	07/01/2007
Special Assessment Refunding Bonds, Series 1007	Delivered:	07/20/2007
Purpose Expenditures Future Value Report	F11t1m Valued To:	06/30/2019
$ 4,085,000.00
Transaction	Group  Fund		Future Value Calet1/ation A111t			FV		FV Date		ID	ID	Description		Periods	(Int. Eaming1)	Pool%	Factor	Amounl

7/20/2007	-1	COi	Beg. Arbitrage Gross Proceeds	23.8888889	-4,052,150.33   100.0000000  1.7491946	-7,087,999.47
7/20/2007	0	COi	23.8888889	105,118.00	100.0000000 1.7491946	183,871.84
7/20/2007	0	Transferred proceeds	23.8888889	-621,042.22   100.0000000  1.7491946	-1,086,3237.0
7/20/2007	0	Underwriter's discount and oth	23.8888889	110,635.27	100.0000000  1.7491946	193,522.62
7/20/2007	0	Pmt to Escrow agent	23.8888889	4,351,338.27    100.0000000   1.7491946	7,611,337.40
7/30/2007	0	COi	23.8333333	8,065.00    100.0000000   1.7469215	14,088.92
8/1/2007	0	COi	23.8277778	1,000.00   100.0000000  1.7466943	1,746.69
8/23/2007	0	COi	23.70S5556	5,250.00   100.0000000  1.7417045	9,143.95
8/30/2007	0	COi	23.6666667	4,790.00    100.0000000 1.7401199	8,335.17
10/5/2007	0	Interest	23.4722222	609.00     100.0000000    1.7322181	1,054.92
10/5/2007	0	COi	23.4722222	367.00     100.0000000   1.7322181	635.72
11/2/2007	0	Interest	23.3222222	247.00     100.0000000   1.7261470	426.36
11/2/2007	0	COi	23.3222222	122.00    100.0000000   1.7261470	210.59
11/20/2007	0	Interest	23.2222222	58,265.00     100.0000000 1.7221 ll4	100,338.82
12/4/2007	0	COi	23.1444444	113.00    100.0000000   1.7189792	194.24
1/3/2008	0	COi	22.9833333	117.00   100.0000000   1.7125090	200.36
1/29/2008	0	COi	22.8388889	718.00  LOO.0000000  1.7067289	1,225.43
2/4/2008	0	COi	22.Sll lll  l	109.00    100.0000000   1.7056196	185.91
2/13/2008	0	COi	22.76lll l1	1,595.00   100.0000000  1.7036246	2,717.28
3/4/2008	0	COi	22.6444444	79.00     I 00.0000000 1.6989788	134.22
4/2/2008	0	COi	22.4888889	73.00    I 00.0000000  1.6928040	123.57
5/2/2008	0	COi	22.3222222	62.00    100.0000000   1.6862131	104.55
5n12008	0	Interest	22.2944444	-87,397.00    100.0000000 1.6851171	-147,274.18
5/12/2008	0	Interest	22.2666667	87,397.00    100.0000000 1.6840219	147,178.46
6/3/2008	0	COI	22.1500000	61.00    100.0000000   1.6794295	102.45
7/2/2008	0	COi	21.9888889	55.00    100.0000000   1.6731082	92.02
8/4/2008	0	COi	21.8111111	56.00    100.0000000   1.6661606	93.30
9/3/2008	0	COi	21.6500000	56.00	I 00.0000000   1.6598893	92.95
10/2/2008	0	COi	21.4888889	54.00    100.0000000 1.6536415	89.30
11/3/2008	0	lnterest	21.3166667	-82,597.00	100.0000000  1.6469889	-136,036.34
11/3/2008	0	Interest	21.3166667	82,597.00   100.0000000  1.6469889	136,036.34
11/4/2008	0	COi	21.3111111	56.00    100.0000000 1.6467748	92.22
12/2/2008	0	COi	21.1555556	51.00    100.0000000 1.6407897	83.68
1/5/2009	0	COi	20.9722222	41.00    100.0000000 1.6337639	66.98
2/3/2009	0	COi	20.8166667	29.00    l00.0000000   1.6278261	47.21
3/3/2009	0	COi	20.6500000	18.00	I 00.0000000  1.6214882	29.19
4/2/2009	0	COi	20.4888889	15.00    100.0000000  1.6153850	24.23
5/1/2009	0	Interest	20.3277778	82,597.00    100.0000000  1.6093048	132,923.75
5/1/2009	0	Interest	20.3277778	-82,597.00   100.0000000  1.6093048	-132,923.75
5/4/2009	0	COi	20.3111111	13.00    100.0000000 1.6086771	20.91
6/2/2009	0	COi	20.1555556	12.00    100.0000000   1.6028305	19.23
7/2/2009	0	COi	19.9888889	10.00    100.0000000 1.5965900	15.97
8/4/2009	0	COi	19.8111111	8.00    100.0000000   1.5899601	12.72
9/2/2009	0	COi	19.6555556	5.00    100.0000000   1.5841816	7.92
10/2/2009	0	COi	19.4888889	4.00    100.0000000   1.5780136	6.31

FALCONTS07-2007-A I FY: 1 I Mun-EaseElevateMainDb! 16.95f EDB I 07/31/2019 \ 16:57 I Rpl15a
Grau & Associates
Grau & Associates CPAs

Page	1

Falcon Trace Community Development District	Dated:	07/01/2007
Special Assessment Refunding Bonds, Series 2007	Delivered:	07120/2007
Purpose Expenditures Future Value Report	F111t11 Va/11ed To:	06/30/2019
$4,085,000.00
Transaction	Group  Fund	Futut? Value Calculation Amt	FV	FV
Date	1D	ID	Description	Pmods	(Int. Earnings)	Pool%	Factor	Amount

11/2/2009	0	Interest	19.3222222	-77,597.00	100.0000000    l.5718696	-121,972.37
11/2/2009	0	Interest	19.3222222	77,597.00	l 00.0000000    l.5718696	121,972.37
11/3/2009	0	COi	19.3166667	4.00    100.0000000    l.5716652	6.29
12/2/2009	0	COi	19.1555556	3.00     100.0000000    1.5657495	4.70
1/5/2010	0	COi	18.9722222	2.00     100.0000000    l.5590450	3.12
2/212010	0	COi	18.8222222	1.00     100.0000000    1.5535808	1.55
3/2/2010	0	COi	18.6555556	1.00     100.0000000   1.5475320	1.55
4/2/2010	0	COi	18.4888889	1.00     100.0000000   1.5415067	1.54
5/3/2010	0	Interest	18.3166667	77,597.00     100.0000000    1.5353052	119,135.08
5/3/2010	0	Interest	18.3166667	-77,597.00	100.0000000   1.5353052	-119,135.08
5/4/2010	0	COi	18.3111111	1.00	l00.0000000   1.5351056	1.54
6/2/2010	0	COi	18.1555556	2.00     100.0000000    l.5295264	3.06
7/2/20!0	0	COi	17.9888889	2.00     100.0000000    l.5235712	3.05
8/3/2010	0	COi	17.8166667	3.00     100.0000000    l.5174419	4.55
9/2/2010	0	COi	17.6555556	4.00    100.0000000    1.5117303	6.05
10/4/2010	0	COi	17.4777778	3.00    100.0000000   1.5054528	4.52
1111/2010	0	Interest	1 7.3277778	-72,397.00      100.0000000    l.5001765	-108,608.28
11/1/2010	0	Interest	17.3277778	72,397.00	100.0000000    l.5001765	108,608.28
11/2/2010	0	COi	17.3222222	2.00     100.0000000    l.4999814	3.00
12/2/2010	0	COi	17.1555556	2.00     100.0000000    l.4941413	2.99
1/4/2011	0	COi	16.9777778	2.00	l 00.0000000   1.4879368	2.98
2/2/2011	0	COi	16.82222 22	2.00     100.0000000    l.4825291	2.97
3/2/2011	0	COi	16.6555556	1.00     100.0000000    l.4767569	1.48
4/4/2011	0	COi	16.4777778	1.00	I00.0000000    l.4706246	1.47
5/2/2011	0	Interest	16.3222222	-72,397.00	l00.0000000    1.4652798	-106,081.86
5/2/2011	0	Interest	16.3222222	72,397.00	l00.0000000    1.4652798	106,081.86
513/2011	0	COi	16.3166667	1.00	l00.0000000  1.4650893	1.47
6/2/2011	0	COi	16.1555556	1.00     100.0000000   1.4595748	1.46
7/5/2011	0	COi	15.9722222	1.00     100.0000000   1.4533249	1.45
8/2/2011	0	COi	15.8222222	1.00     100.0000000   1.4482312	1.45
9/2/2011	0	COi	15.6555556	1.00     100.0000000    l.4425925	l.44
10/4/20.11	0	COi	15.4777778	1.00     100.0000000   1.4366022	l.44
11/1/2011	0	Interest	15.3277778	-66,725.00     100.0000000    l.4315671	-95,521 .32
11/1/2011	0	Interest	15.3277778	66,725.00     100.0000000    l.4315671	95,521.32
11/2/2011	0	COi	15.3222222	1.00    100.0000000    l.4313810	1.43
12/2/2011	0	COi	15.1555556	1.00     100.0000000    l.4258079	1.43
1/4/2012	0	COi	14.9777778	1.00     100.0000000   1.4198872	1.42
2/2/2012	0	COi	14.8222222	1.00    100.0000000   1.4147268	1.41
3/2/2012	0	COi	14.6555556	1.00    100.0000000   1.4092186	1.41
4/3/2012	0	COi	14.4833333	2.00	I 00.0000000   1.4035493	2.81
5/1/2012	0	Interest	14.3277778	-66,725.00     I 00.0000000    1.3984483	-93,311.46
5/1/2012	0	Interest	14.3277778	66,725 .00   I 00.0000000    1.3984483	93,311.46
5/2/2012	0	COi	14.3222222	2.00    100.0000000    1.3982664	2.80
6/4/2012	0	COi	14.1444444	2.00    I00.0000000   1.3924601	2.78
7/3/2012	0	COi	13.9833333	2.00     100.0000000    1.3872190	2.77

FALCONTS07-2007-A I FY: 11 Mun-EaseElevateMainDb I 16.95fEDB I 07/31/2019 I 16:57 I Rpt15a
Grau & Associates
Grau & Associates CPAs

Page	2

Falcon Trace Community Development District	Dated:	07/01/2007
Special Assessment Refunding Bonds, Series 2007	Delivered:	07/20/2007
Purpose Expenditures Future Value Report	F11ture Valued To:	06/30/2019
$ 4,085,000 .00
Transaction	Group  Fund	Future Value Calculation Amt	FV	FV
Date	ID	ID	Descnption	Periods	(Int. Earnings)	Pool%	1:-actor	Amount
8/2/2012	0	COi	13.8222222	2.00	100.0000000   1.3819975	2.76
9/5/2012	0	COi	13.6388889	1.00     100.0000000   1.3760798	1.38
10/2/2012	0	COi	13.4888889	1.00      100 .0000000  1.3712569	l.37
11/2/2012	0	COi	13.3222222	2.00     100.0000000    1.3659179	2.73
12/4/2012	0	COi	13.1444444	1.00     100 .0000000   1.3602460	1.36
1/3/2013	0	COi	12.9833333	1.00     100.0000000   1.3551261	1.36
6/3/2014	0	COi	10.1500000	3.00    100.0000000   1.2681714	3.80
6/2/2015	2015	COi	8.15555S6	4.00	I 00.0000000    1.2103300	4.84
7/15/2015	2016	COi	7.9166667	1.00     100.0000000   1.203S813	1.20
8/4/2015	2016	COi	7.8lll l l l	1.00   100.0000000   1.2006113	1.20
9/2/2015	2016	COi	7.6555556	1.00     100.0000000    1.1962478	1.20
10/2/2015	2016	COi	7.4888889	1.00     100.0000000   1.1915902	1.19
11/3/2015	2016	COi	7.3166667	1.00    100.0000000   1.1867%4	l.l9
12/2/2015	2016	COi	7.1555556	1.00     100 .0000000    1.1823294	1.18
1/5/2016	2016	COi	6.9722222	3.00     100.0000000   1.1772667	3.53
2/2/2016	2016	COi	6.8222222	5.00     100.0000000    1.1731406	5.87
3/212016	2016	COi	6.6555556	6.00     100.0000000    1.1685730	7.01
4/2/2016	2016	COI	6.4888889	7.00     100.0000000   1.1640231	8.15
513/2016	2016	COi	6.3166667	7.00     100.0000000   1.1593403	8.12
6/2/2016	2016	COi	6.1555556	7.00    100.0000000   1.1549766	8.08
7/5/2016	2017	COi	5.9722222	6.00	I 00.0000000   l.l 500310	6.90
8/2/2016	2017	COi	5.8222222	5.00	I 00.0000000   1.1460003	5.73
9/2/2016	2017	COi	5.6555556	5.00	I 00.0000000    1.1415384	5.71
10/4/2016	2017	COi	5.4777778	2.00	I 00.0000000    l.1367981	2.27
11/2/2016	2017	COi	5.3222222	2.00     100.0000000   1.1326666	2.27
12/2/2016	2017	COI	5.1555556	2.00    100.0000000   1.1282565	2.26
1/4/2017	2017	COi	4.9777778	2.00     100.0000000   1.1235714	2.25
2/2/2017	2017	COi	4.8222222	3.00	I 00.0000000   1.1194879	3.36
3/2/2017	2017	COi	4.6555556	3.00    100.0000000    1.1151292	3.35
4/412017	2017	COi	4.4777778	3.00     100.0000000   1.1104986	3.33
5/2/2017	2017	COi	4.3222222	4.00    100.0000000   1.1064627	4.43
6/2/2017	2017	COi	4.1555556	4.00     100.0000000   1.1021547	4.41
7/5/2017	2018	COi	3.9722222	4.00     100.0000000   1.0974352	4.39
8/2/2017	2018	COi	3.8222222	4.00    100.0000000   1.0935889	4.37
9/5/2017	2018	COi	3.6388889	4.00     100.0000000   1.0889062	4.36
10/3/2017	2018	COi	3.4833333	4.00    100.0000000   1.0849487	4.34
11/2/2017	2018	COi	3.3222222	4.00    100.0000000    1.0808650	4.32
12/4/2017	2018	COi	3.1444444	4.00    100.0000000   1.0763767	4.31
1/3/2018	2018	COi	2.9833333	4.00     100.0000000  1.0723252	4.29
2/2/2018	2018	COi	2.8222222	4.00    100.0000000    1.0682891	4.27
3/2/2018	2018	COi	2.6555556	4.00    100.0000000    1.0641297	4.26
4/3/2018	2018	COi	2.4833333	4.00     100.0000000   1.0598487	4.24
5/2/2018	2018	COi	2.3222222	5.00    100.0000000   1.0558595	5.28
6/4/2018	2018	COi	2.1444444	6.00    100.0000000    1.0514750	6.31
7/1/2018	2019	COi	1.9944444	5.00    100_0000000   1.0477898	5.24
FALCONTS07-2007-A I FY: 11 Mun-EaseElevateMainDb I 16.95fEDB I 07/31/2019 I 16:57 I Rpt15a
Grau & Associates
Page	3
Falcon Trace Community Development District	Dated:	07/01/2007	
Special Assessment Refunding Bonds, Series 2007	Delivered:	07/20/2007	
Purpose Expenditures Future Value Report
$ 4,085,000.00
Fut11re Val11ed To:
06/30/2019

	Transaction Date	Group ID	Fund
ID	
Description	Future Value Periods	Calculation Amt (Int. Earnings)	
Pool%	FV
Factor	FV
Amount	
	8/l/2018	2019		COi	1.8277778	7.00	100.0000000	l.0437102	7.31	
	9/1/2018	2019		COi	1.6611111	7.00	100.0000000	1.0396466	7.28	
	10/1/20[8	2019		COi	1.4944444	7.00	100.0000000	1.0355987	7.25	
	l l/1/2018	2019		COi	1.3277778	7.00	100.0000000	1.0315666	7.22	
	12/1/20[8	2019		COi	1.1611111	7.00	100.0000000	1.0275502	7.19	
	1/1/2019	2019		COi	0.9944444	7.00	100.0000000	1.0235495	7.16	
	2/1/2019	2019		COi	0.8277778	7.00	100.0000000	1.0195643	7.14	
	3/1/2019	2019		COi	0.6611111	6.00	100.0000000	1.0155946	6.09	
	4/1/2019	2019		COi	0.4944444	7.00	100.0000000	1.0116404	7.08	
	5/1/2019	2019		COi	0.3277778	7.00	100.0000000	1.0077016	7.05	
	6/1/2019	2019		COi	0.1611111	7.00	100.0000000	1.0037782	7.03	
	6/30/2019	-I		Unspent Proceeds as of06/30/20 l9	0.0000000	26,419.00	100.0000000	1.0000000	26,419.00	
						2,727.91)			-17,169.82	

	Arbitrage Yield limit (AYL) ...............	4.7365179			
	Internal Rate of Return (IRR) ..............	0.8355360			
	Future Valued To.. . . . . . . . . . . . . . . . . . . . . . . .	6/30/2019			

FALCONTS07-2007-A I FY: 1IMun-EaseElevateMainDb I 16.95f EDB I 07/31/2019 I 16:57 I Rpt15a
Grau & Associates
Grau & Associates CPAs

Page	4

Falcon Trace Community Development District	Dated:	07/01/2007
Special Assessment Refunding Bonds, Series 2007	Delivered :	07/20/2007
A.Y.L. Verification Report
4,085,000.00
MSRB 30/ 360 SEMI 4/ 3

Period	Coupon Date	Principal P'?)lment	Coupon
Rate	Interest P'?)lment	C red. E nh./ Sinking Fund Adj	Penodic
Debt Seroice	Present Value Factor	DiscoY11ted Debt S mice	
	11/01/2007			58,264.60		58,264.60	0.9869522	57,504.38	
2	05/01/2008	240,000.00	4.000	87,396.87		327,396.87	0.9641194	315,649.67	
3	11/01/2008			82,596.87		82,596.87	0.9418148	77,790.95	
4	05/01/2009	25, 0000 .00	4.000	82,596.87		332,596.87	0.9200262	305,997.82	
5	11/01/2009			77,596.87		77,596.87	0.8987416	69,739.54	
6	05/01/2010	260,000.00	4.000	77,596.87		337,596.87	0.8779495	296,393.01	
7	11/01/2010			72,396.87		72,396.87	0.8576384	62,090.34	
8	05/01/2011	275,000.00	4.125	72,396.87		347,396.87	0.8377972	291,048.13	
9	11/01/2011			66, 724.99		66,724.99	0.8184150	54,608.73	
lO	05/01/2012	285,000.00	4.125	66,724.99		351,724.99	0.7994812	281,197.53	
11	11/01/2012			60,846.87		60,846.87	0.7809855	47,520.52	
12	05/01/2013	295,000.00	4.250	60,846.87		355,846.87	0.7629176	271,481.84	
13	11/01/2013			54,578.12		54,578.12	0.7452677	40,675.31	
14	05/01/2014	310,000.00	4.250	54,578.12		364,578.12	0.7280262	265,422.42	
15	11/01/2014			47,990.62		47,990.62	0.7111835	34,130.14	
16	05/01/2015	325,000.00	4.250	47,990.62		372,990.62	0.6947305	259,127.96	
17	11/01/2015			41,084.37		41,084.37	0.6786581	27,882.24	
18	05/01/2016	335,000.00	4.375	41,084.37		376,084.37	0.6629576	249,327.98	
19	11/01/2016			33,756.25		33,756.25	0.6476203	21,861.23	
20	05/01/2017	350,000.00	4.375	33,756.25		383,756.25	0.6326378	242,778.69	
21	11/01/2017			26,100.00		26,100.00	0.6180019	16 ,129.85	
22	05/01/2018	370,000.00	4.500	26,100.00		396,IOO.OO	0.6 037046	239,127.38	
23	11/01/2018			17,775.00		17,775.00	0.5897381	10,482.59	
24	05/01/2019	385,000.00	4.500	17,775.00		402,775.00	0.5760946	232,036.52	
25	11/01/2019			9,112.50		9,112.50	0.5627669	5,128.21	
26	05/01/2020	405,000.00	4.500	9,112.50		414,112.50	0.5497474	227,657.28	
		4,085,000.00		I ,326,780.13	0.00	5,411,780.13		4,002,790.28	
True Interest Cost (TIC). . . . . . . .• . . . . . . . . .	4.7864550	Face value of bond Issue.	. . . . . . .	$4,085,000.00						
Net Interest Cos/ (NIC). . . . . . . . . . . . . . •. . . .	4.7083762	Accrued interest (+)	• • • • • • • • • • I	$9,225.24						
Arbitrage Yield Limit (AYL) . . . . . . . . .	4.7365179	Original issue premium/discount (+). .....	($42,074.90)						
Arbitrage Net Interest Cost (AN/CJ.	4.7364961	Bond surety fee (-). . . . . . .	.. .......	$49,360.00						
lump-sum credit enhancements (-). ······	$0.00
Other AYl costs(·) . . . .									
= AYL Target. .  ... ... . '  .. .	$4,002,790.34

FALCONTS07-2007-A I FY: 1 I Mun-EaseElevateMainDb I 16.95f EDB I 07131/2019I 17:0 IRpt01h
Grau & Associates	
Grau & Associates CPAs	Page	1
Falcon Trace Community Development District Special Assessment Refunding Bonds, Series 2007

MSRB 30/ 360 SEMI 4/ 3
T.I.C. Verification Reoort (Regular)	Dated:	7/1/2007
4,085,000.00	D;Ji,.rred:	7/20/2007

Period	Co,pon Date	Principal Payment	C:iupon
Rate	Tnterest PqJ•ment	Credit Enhancements	Periodic Debt Service	Pr11sent Value Factor	Discounted Debt Service	
I	11/1/2007			58,264.60		58,264.60	0.9868172	57,496.51	
2	5/1/2008	240,000.00	4.000	87,396.87		327,396.87	0.9637524	315,529.51	
3	11/1/2008			82,596.87		82,596.87	0.9412267	77,742.38	
4	5/1/2009	250,000.00	4.000	82,596.87		332,596.87	0.9192275	305,732.18	
5	11/1/2009			77,596.87		77,596.87	0.8977425	69,662.01	
6	5/1/2010	260,000.00	4.000	77,596.87		337,596.87	0.8767596	295,991.30	
7	I 1/1/2010			72,396.87		72,396.87	0.8562672	61,991.06	
8	5/1/2011	275,000.00	4.1 25	72,396.87		347,396.87	0.8362537	290,511.93	
9	11/1/2011			66,724.99		66,724.99	0.8167081	54,494.84	
10	5/1/2012	285,000.00	4.125	66,724.99		351,724.99	0.7976192	280,542.61	
II	I1/1/2012			60,846.87		60,846.87	0.7789765	47,398.28	
12	511/2013	295,000.00	4.250	60,846.87		355,846.87	0.7607696	270,717.47	
13	11/1/2013			54,578.12		54,578.12	0.7429882	40,550.89	
14	5/1/2014	310,000.00	4.250	54,578.12		364,578.12	0.7256224	264,546.05	
15	11/)/2014			47,990.62		47,990.62	0.7086625	34,009.15	
16	5/1/2015	325,000.00	4.250	47,990.62		372,990.62	0.6920990	258,146.43	
17	I 1/1/2015			41,084.37		41,084.37	0.6759226	27,769.85	
18	5/1/2016	335,000.00	4.375	41,084.37		376,084.37	0.6601243	248,262.45	
19	11/1/2016			33,756.25		33,756.25	0.6446953	21,762.50	
20	5/1/2017	350,000.00	4.375	33,756.25		383,756.25	0.6296269	241,623.26	
21	11/1/2017			26,100.00		26,100.00	0.6149107	16, 049.17	
22	5/1/2018	370,000.00	4.500	26,100.00		396,100.00	0.6005384	237,873.28	
23	11/1/2018			17,775.00		17,775.00	0.5865021	10,425.08	
24	5/1/2019	385,000.00	4.500	17,775.00		402,775.00	0.5727939	230,707.04	
25	11/1/2019			9,112.50		9,112.50	0.5594060	5,097.59	
26	5/1/2020	405,000.00	4.500	9,112.50		414,112.50	0.546331I	226,242.52	
		4,085,000.00		1,326,780.13	0.00	5,411,780.13		3,990,875.33	
 	
True  Interest Cost (TIC) . .  . . .  . . .	4.7864550	Face  value of bond  Issue. . .	. --	$4,085,000.00									
Net Interest  Cost (NJC). . . .  . . . .  . .	-	4.7083762	Accrued interest(+) . . . . . . . . . . . . . . . . . . .	$9,225.24							
Arb iU·age Yield limit (AYL) . . . . . . . . . .	4.7365179	Original issue premium/discount(+) . . .	($42,074.90)							
Arbitrage Net Interest Cost (ANJC)	4.7364961

FALCONTS07-2007-A I FY: 1 IMun-EaseElevateMainDb I 16.95f EOB I 07/31/2019 J 17:1 I Rpt01a
Grau & Associates	Page	1
Grau & Associates CPAs

Falcon Trace Community Development District	Dated:	07/01/2007
Special Assessment Refunding Bonds, Series 2007	Delivered:	07/20/2007
Unspent Proceeds Report
$ 4,085,000.00

Cale Dale	G,p
JD	
Pu,p	F,md
ID	
Description	Gross Amo1111I	Pool Percmtage	No11p11,posc In11es/111mt	Purpose Expl!llditures	Unspent Proceed!	
0112onoo1	-I	N	COi	Beg. Arbitrage Gross Pr0<:eeds		I0 0.0000000			4,052,150.33	
0112onoo1	0	y		COi	105,118.00	I 00.0000000		105,118.00	3,947,032.33	
07/20/2007	0	y		Transferred proceeds	-621,042.22	100.0000000		-621,042.22	4,568,074.55	
07/2012007	0	y		Underwrite s discount and olh	110,635.27	100.0000000		110,635 .27	4,457,439 . 28	
07/2012007	0	y		Prnt to Escrow agent	4,351,338.27	I00 .0000000		4,351,338.27	106,101.01	
0713onoo1	
0	
y		
COi	
8,065.00	
100.0000000		
8,065.00	
98,036.01	
08/01/2007	0	y		COi	1,000.00	I 0 0.0000000		1,000.00	97,036.01	

08/23/2007	
0	y		
COi	
5,250.00	
I 00 .00 00000		
5,250.00	
91,786.01	

08/30/2007	
0	y		
COi	
4,790.00	
I 00.0000000		
4,790.00	
86,996.01	

10/05/2007	
0	y		
Interest	
609.00	
I00.0000000		
609.00	
86,387.01	
10/05/2007	0	y		COi	367.00	100.0000000		367.00	86,020.01	

11/0212007	
0	y		
Interest	
247.00	
100.0000000		
247.00	
85,773.01	
11/0212007	0	y		COi	122.00	100,0000000		122.00	85,651.01	

11/20/2007	
0	y		
Interest	
58,265.00	
I 00.0000000		
58,265.00	
27,386.01	

12104noo1	
0	y		
COi	
113.00	
100.0000000		
113.00	
27,273.01	

Ol/0Jnoo8	
0	y		
COi	
117.00	
100.0000000		
117.00	
27,156.01	

01/29/2008	
0	y		
COi	
718.00	
I0 0.0000000		
718.00	
26,438.01	

02/04/2008	
0	y		
COi	
109.00	
100.0000000		
109.00	
26,329.01	

02/13/2008	
0	y		
COi	
1,595.00	
I 00.0000000		
1,595.00	
24,734.01	

03104/2008	
0	y		
COi	
79.00	
I00 .000 0000		
79.00	
24,655.01	

04/02/2008	
0	y		
COi	
73.00	
100.0000000		
73.00	
24,582.01	

05/0212008	
0	y		
COi	
62 .00	
l 00.0000000		
62.00	
24,520.01	

05/07/2008	
0	y		
Interest	
-87,397 .00	
100 .0000000		
-87,397.00	
111,917.01	

05/1212008	
0	y		
Interest	
87,397.00	
10 0.0000000		
87,397.00	
24,520.01	

06/03/2008	
0	y		
COi	
61.00	
I 00 .0000000		
61.00	
24,459.01	

07/02/2008	
0	y		
COl	
55.00	
100.0000000		
55.00	
24,404.01	

08/04/2008	
0	y		
COi	
56.00	
I 00.0000000		
56.00	
24,348.01	

FALCONTS07-2007-A I FY: 1 I Mun-EaseElevateMainDb I 16.95f EDB I 07/31/2019 I 16:57 I Rpt11
Grau & Associates	
Grau & Associates CPAs	Page	1

Falcon Trace Community Development District	Dated:	07/01/2007
Special Assessment Refunding Bonds, Series 2007	Delivered:	07/20/2007
Unspent Proceeds Report
$ 4,085,000.00

Cole Dote	G,p
ID	
P11,p	F1111d
TD	
D,.rcriptio11	Gross Amo1111t	Pool
Percmtoge	No11p11,pose
b,vestment	Purpose
Expenditures	U11spe11t
Proceeds	
09/03/2008	0	y		CO!	S6.00	100.0000000		56.00	24,292.01	

10/02/2008	
0	y		
CO!	
54.00	
100.0000000		
54.00	
24,238.01	

I 1/03/2008	
0	y		
Interest	
-82,597.00	
100.0000000		
-82,597.00	
106,835.01	
11/03/2008	0	y		Interest	82,59 7.00	I 00.0000000		82,597.00	24,238.01	
11/04/2008	0	y		CO!	56.00	100.0000000		56.00	24,182.01	

12/02/2008	
0	y		
CO!	
51.00	
I 00.0000000		
51.00	
24,131.01	

01/05/2009	
0	y		
CO!	
41.00	
I00.0000000		
4!.00	
24,090.01	

02/03/2009	
0	y		cor	
29.00	
I 00.0000000		
29.00	
24,06[.0)	

03/03/2009	
0	y		
COi	
18 .00	
I 00.0000000		
18.00	
24,043.01	

04/02/2009	
0	y		
CO!	
15.00	
!00 .0000000		
15 .00	
24,028.01	

05/01/2009	
0	y		
Interest	
-82,597.00	
I 00.0000000		
-82,597.00	
106,625.01	
05/01/2009	0	y		Interest	82,597 .00	I 00.0000000		82,597.00	24,028.01	

05104/2009	
0	y		
CO!	
13.00	
I 00.0000000		
13 .00	
24,015.01	

06/02/2009	
0	y		
CO!	
12.00	
!00.0000000		
12.00	
24,003.01	

07/02/2009	
0	y		
COi	
10.00	IOD.0000000		
10.00	
23,993.01	

08/04/2009	
0	y		
COi	
8.00	
I 00.0000000		
8.00	
23,985.01	

09/02/2009	
0	y		
CO!	
5.00	
100.0000000		
5.00	
23,980.01	

10/02/2009	
0	y		
CO!	
4.00	
100.0000000		
4.00	
23,976.01	

11/0212009	
0	y		
Interest	
-77,597.00	
I 0 0.0000000		
-77,597.00	
101,573.01	
11102/2009	0	y		Interest	77,597.00	100.0000000		77,597.00	23,976.01	
11103/2009	0	y		COi	4.00	I00.0000000		4.00	23,972.0)	

12/02/2009	
0	y		
COi	
3.00	
100.0000000		
3.00	
23,969.01	

01/05/2010	
0	y		
COi	
2.00	
I 00.0000000		
2.00	
23,967.01	

02/02/2010	
0	y		
COi	I.OD	
100.0000000		
1.00	
23,966.01	

03/02/2010	
0	y		
COi	
1.00	
I 00.0000000		
1.00	
23,965.01	

04/02/2010	
0	
y		
COi	
1.00	
l00.0000000		
1.00	
23,964.01	

FALCONTS07-2007-A I FY: 11 Mun-EaseElevateMainDb / 16.95f EDB I 07/31/2019 I 16:57 I Rpt11

Page	2

Falcon Trace Community Development District	Dated:	07/01/2007
Special Assessment Refunding Bonds, Series 2007	Delivered:	07/20/2007
Unspent Proceeds Report
$ 4,085,000.00

Cale
Date	Grp
ID	
Pu,p	F1111d ID	
Descriptio11	Gross Amo1111t	Pool
Percentage	Nonp11,post Inveslvttnl	Purpose
ExpmditHres	Unspe111 Proceeds	

05/03/2010	0	y		Interest	-77,597.00	100.0000000		-77,597.00	101,561.01	
05/03/2010	0	y		Interest	77,597.00	100.0000000		77,597.00	23,964.01	
05/04/2010	0	y		COi	1.00	I 00 .0000000		1.00	23,963.01	

06/02/2010	
0	y		
COi	
2.00	
100.0000000		
2.00	
23,961.01	

07/02/2010	
0	y		
CO!	
2.00	
100.0000000		
2.00	
23,959.01	

08/03/2010	
0	y		COi	
3.00	
100.0000000		
3.00	
23,956.01	

09/02/2010	
0	y		COi	
4.00	
I 0 0.0000000		
4.00	
23,952.01	

10/04/2010	
0	y		
COi	
3.00	
I 00 .0000000		
3.00	
23,949.01	

11/01/2010	
0	y		
Interest	
-72,397.00	
I 00.0000000		
-72,397.00	
96,346.0]	
11/01/2010	0	y		Interest	72,397.00	I 00.0000000		72,397.00	23,949.01	
11/02/2010	0	y		COi	2.00	I 00.0000000		2.00	23,947.01	

12/02/2010	
0	y		
COi	
2.00	
100.0000000		
2.00	
23,945.01	

01/04/2011	
0	y		COi	
2.00	
100.0000000		
2.00	
23,943.01	

02/02/2011	
0	y		
COi	
2.00	
100.0000000		
2.00	
23,941.01	

03/02/2011	
0	y		
COi	
1.00	
I 00.0000000		
1.00	
23,940.0]	

04/04/201 I	
0	y		COi	
1.00	
100.0000000		
1.00	
23,939.01	

05/02/2011	
0	y		
Interest	
-72,397.00	
100.0000000		
-72,397.00	
96,336.01	
05/02/2011	0	y		Interest	72,397 .00	100.0000000		72,397.00	23,939.01	
05/03/2011	0	y		COi	1.00	100 .00 00000		1.00	23,938.0]	

06/02/201J	
0	y		
COi	
1.00	
100.0000000		
I.DO	
23,937.0]	

07/05/2011	
0	y		COi	
1.00	
10 0.0000000		
1.00	
23,936.01	

08/02/2011	
0	y		COi	I.DO	
100.0000000		
1.00	
23,935.01	

09/02/2011	
0	y		COi	
1.00	
J00 .00 00000		
1.00	
23,934.0]	

10/04/2011	
0	y		COi	
1.00	
J00 .0000 000		
1.00	
23,933.01	

IJ/01/201 J	
0	y		
Interest	
-66,725.00	
100.0000000		
-66,725.00	
90,658.0]	
]]/01/2011	0	y		Interest	66,725.00	J00 .00 00000		66,725.00	23,933.01	
11/02/2011	0	y		COi	1.00	100.0000000		I.OD	23,932.01	

12/02/201]	
0	y		
COi	
l.00	
100.0000000		
1.00	
23,931.01	

FALCONTS07-2007-A I FY: 1 I Mun-EaseElevateMainDb I 16.95f EDB I 07/31/2019 I 16:57 I Rpt11
Grau  & Associates	
Grau & Associates CPAs	Page	3

Falcon Trace Community Development District	Dated:	07/01/2007
Special Assessment Refunding Bonds, Series 2007	Delivered:	07/20/2007
Unspent Proceeds Report
$ 4,085,000.00

Cale	Grp	F1111d	Gross	Poof	Nm,PH,Pose	P11,pose	Unspent
Date	ID		P11,p	ID		Desmption	Amount	Pmentage	lnuestmml	Expendit11m	Pro.eeds	

0110412012		

0	
y		

COi		

1.00	

100.0000000		

1.00	23,930.01	

02/0212012		
0	y		
COi		
1.00	
I00 .0000000		
1.00	23,929.01	

0 3 /0 2/2012		
0	y		
COi		
1.00	
100.0000000		
1.00	23,928.01	

04/0312012		
0	y		
COi		
2.00	
I00.0000000		
2.00	23,926.01	

05101/2012	
0	y	
Interest	
-66 ,725.00	
100.0000000	
-66,725.00	
90,651.01				
05101/ 2012	0	y	Interest	66 , 725.00	100.0000000	66,725.00	23,926.01				
05/02 /2012	0	y	COi	2.00	I 00.0000000	2.00	23.924.01				

06/04/2012	
0	y	
COi	
2.00	
I00.0000000	
2.00	
23,922.01				

07103/2012	
0	y	
COi	
2.00	
100.0000000	
2.00	
23,920.01				

08 /0212012	
0	y	
CO i	
2.00	
I00.0000000	
2.00	
23,918.01				

09105/2012	
0	y	
COi	
1.00	
100.0000000	
1.00	
23,917.01				

10/02 /2012	
0	y	
COi	
1.00	
I00 .0000000	
1.00	
23,916 .01				

11/0212012	
0	y	
COi	
2.00	
I 00 .0000000	
2.00	
23,914.01				

12/04 /2012	
0	y	
COi	
1.00	
I00.0000000	
1.00	
23,913.01				

01/03/2013	
0	y	
COi	
1.00	
10 0.0000000	
1.00	
23,912.01				

06/03 /2014	
0	y	
COi	
3.00	
I 00.0000000	
3.00	
23,909.01				

06/02/2015	
2015	y	
COi	
4.00	
100.0000000	
4.00	
23,905.01				

07/15/2015	
2016	y	
COi	
1.00	
I00.0000000	
1.00	
23,904.01				

08/04/2015	
2016	y	
COi	
1.00	
100.0000000	
1.00	
23,903.01				

09/02/2015	
2016	y	
COi	
1.00	
100.0000000	
1.00	
23,902.01				

10/02/2015	
2016	y	
COi	
1.00	
100.0000000	
1.00	
23,901.01				

11/0312015	
2016	y	
COl	
1.00	
100.0000000	
1.00	
23,900.01				

12/02/2015	
2016	y	
COi	
1.00	
100.0000000	
1.00	
23,899.01				

01/05/2016	
2016	y	
COi	
3.00	
100.0000000	
3.00	
23,896.01				

FALCONTS07-2007-A I FY: 1 I Mun-Ease Elev ateMa in □b 116.95f EDB I 07/31/2019 J 16:57 I Rpt11
Grau & Associates	
Grau & Associates CPAs	Page	4

Falcon Trace Community Development District	Dated:	07/01/2007
Special Assessment Refunding Bonds, Series 2007	Delivered:	07/20/2007
Unspent Proceeds Report
$ 4,085,000.00

Cale Date	G,p
ID	
Pu,p	Fund
ID	
Desmptio11	Gross Amount	Pool Percentage	Nonpu,pose Investment	Purpose Expenditures	Unspmt Proaeds	
02/02/2016	2016	y		COi	5.00	I 00.0000000		5.00	23,891.01	

03/02/2016	
2016	y		
COi	
6.00	
I 00 .0 000000		
6.00	
23,885.01	

04/02/2016	
2016	y		
COi	
7.00	
I 00.0000000		
7.00	
23,878.01	

05/03/2016	
2016	y		
COJ	
7 .00	
I 00.0000000		
7.00	
23,871.01	

06/02/2016	
2016	y		
COi	
7.00	
I 00.0000000		
7.00	
23,864.01	

07/05/2016	
2017	y		
COi	
6.00	
J00.0000000		
6.00	
23,858.01	

08/0212016	
2017	y		
COi	
5.00	
I00.0000000		
5.00	
23,853.01	

09/02/2016	
2017	y		
COi	
5.00	
I00.0000000		
5.00	
23,848.01	

10/04/2016	
2017	y		
COi	
2.00	
I 00.0000000		
2.00	
23,846.01	

11/0212016	
2017	y		
COi	
2.00	
I00.0000000		
2.00	
23,844.01	

12/02/2016	
2017	y		
COi	
2.00	
I00.0000000		
2.00	
23,842.01	

01/04/2017	
2017	y		
COi	
2.00	
I 00.0000000		
2.00	
23,840.01	

02/02/2017	
2017	y		
COi	
3.00	
100.0000000		
3.00	
23,837.01	

03/02/2017	
2017	y		
COi	
3.00	
I 00.0000000		
3.00	
23,834.01	

04/04/2017	
2017	y		
COi	
3.00	
I 00.0000000		
3.00	
23,831.01	

05/02/2017	
2017	y		
COi	
4.00	
I 00.0000000		
4.00	
23,827.01	

06/02/2017	
2017	y		
COi	
4.00	
100.0000000		
4.00	
23,823.01	

07/05/2017	
2018	y		
COi	
4.00	
100.0000000		
4.00	
23,819.01	

08/02/2017	
2018	y		
COi	
4.00	
100.0000000		
4.00	
23,815.01	

09/05/2017	
2018	y		
COi	
4.00	
100.0000000		
4.00	
23,811.01	

]0/03/2017	
2018	y		
COi	
4.00	
100.0000000		
4.00	
23,807.01	

]1/02/2017	
2018	y		
COi	
4.00	
I 00.0000000		
4.00	
23,803.01	

12/04/2017	
2018	y		
COi	
4.00	
100.0000000		
4.00	
23,799.01	

01103/2018	
2018	
y		
COi	
4.00	
I 00.0000000		
4.00	
23,795.01	

FALCONTS07-2007-A I FY: 1 I Mun-EaseElevateMainDb I16.95f EDB I 07/31/2019 116 :5 7 I Rpt11

Pag e	5

Falcon Trace Community Development District	Dated:	07/01/2007
Special Assessment Refunding Bonds, Series 2007	Delivered:	07/20/2007
Unspent Proceeds Report
$ 4,085,000.00

Cale
Dale	G,p
ID	

P11,p	F11nd lD	
Desmptio11	Gross
Amo1111t	Pool
Percmlage	Nonp11,pose I11veslmenl	P111pose Expenrfit11res	Unspe111 Proceeds	
0 2/02/2018	2018	y		COi	4.00	100 .0000000		4.00	23,791.01	

03/02/2018	
2018	y		
COi	
4.00	
100.0000000		
4.00	
23,787.01	

04/03/2018	
2018	y		
COi	
4.00	
100 .0000000		
4.00	
23,783.01	

05i0 2/2018	
2018	y		
COi	
5.00	
I 00.0000000		
5.00	
23,778.01	

06/04/2018	
2018	y		
COi	
6.00	
I 00.0000000		
6.00	
23,772.01	

07/01/201&	
2019	y		
COi	
5.00	
I00.0000000		
5.00	
23,767.01	

08/0112018	
2019	y		
COi	
7.00	
I00 .0000000		
7.00	
23,760.01	

09101/2018	
2019	
y		
COi	
7.00	
100.0000000		
7.00	
23,753.01	

IOiOl/2018	
2019	y		
COi	
7.00	
I 00 .0 000000		
7.00	
23,746.01	

11/01/2018	
2019	y		
COi	
7.00	
I 00.0000000		
7.00	
23,739.01	

12i01/20l8	
2019	y		
COi	
7.00	
I00 .0000000		
7.00	
23,732.01	

Ol iOl/ 2019	
2019	y		
COi	
7.00	
100.0000000		
7.00	
23,725.01	

02/01 / 2019	
2019	y		
COi	
7.00	
I00.0000000		
7.00	
23,718.01	

03/01/2019	
2019	y		
COi	
6.00	
100.0000000		
6.00	
23,712.01	

04/01 12019	
2019	y		
COi	
7.00	
l 00.0000000		
7.00	
23,705.01	

OS/0112019	
2019	y		
COi	
7.00	
]00.0000000		
7.00	
23,698.01	

06/01/2019	
2019	y		
COi	
7.00	
100 .0000 000		
7.00	
23,691.01	
					4,028,459.32		0.00	4,028,459.32		

	First Investment Date. . . . . . . . . . . . . . . . . . . . . . . . .	7/20/2007		
	Calculation Date . . . . . . . . . . . . . . . . . . . . . . . . . . . .	6/30/2019		
	Arbitrage Yield Limit (AYL). . . . . . . . . . . . . . . . . . . .	4.7365179		
	Internal Rate of Return (/RR), . . . . . . . . . . . . . . . . .	0.8355360		

FALCONTS07-2007-A I FY: 1 I Mun-EaseElevateMalnDb I16.95f EDBI 07/31/2019 I 16:57 I Rpt11

Page	6

Falcon Trace Community Development District	Dated:	07/01/2007
Special Assessment Refunding Bonds, Series 2007	Delivered:	07/20/2007
I.R.R. Report Via Purpose Expenditures
$ 4,085,000.00

G,p	Trans
ID	Date	fimd
TD	

Description	Dery Count Factor	Calculation Amt	Pool (lntere.rt Earnings) Pctg	** Internal Rate of &t11r11 **
PVFactor	PVAmt		
-1 07/20/2007		Beg. Arbitrage Gross Proceeds	0.0000000	(4,052,150.33) 100.000	1.0000000	(4,052,150.33)		
0 07/20/2007		COi	0.0000000	105,118.00 100.000	1.0000000	105,118.00		
07/20/2007	Transferred proceeds	0 .0 000000	{621,042.22)	100.000	1.0000000	(621,042.22}	
07/20/2007	Underwriter's discount and oth	0.0000000	l l0,63S.27	100.000	1.0000000	110,63S.27	
07/20/2007	Pmt to Escrow agent	0.0000000	4,351,338.27	100.000	1.0000000	4,351,338.27	
07/30/2007	COi	0.0555556	8,065.00	100.000	0.9997684	8,063.13	
08/01/2007	COi	0.0611111	1,000.00	100.000	0.9997453	999.75	
08/23/2007	COi	0.1833333	5,250.00	100.000	0.9992360	5,245.99	
08/30/2007	COi	0.2222222	4,790.00	100.000	0.9990740	4,785.56	
10/05/2007	COi	0.4166667	367.00	I00.000	0.9982644	366.36	
10/05/2007	Interest	0.4166667	609.00	100.000	0.9982644	607.94	
11/02/2007	Interest	0.5666667	247.00	100.000	0.9976404	246.42	
11/02/2007	COi	0.5666667	122.00	100.000	0.9976404	121.71	
11/20/2007	Interest	0.6666667	58,265.00	100.000	0.9972245	58,10 3.29	
12/04/2007	COi	0.7444444	113.00	100.000	0.9969012	112.65	
01/03/2008	COi	0.9055556	117.00	100.000	0.9962319	116.56	
01/29/2008	COi	1.0500000	718.00	100.000	0.9956321	714.86	
02/04/2008	COi	1.0777778	109.00	!00.000	0.9955168	108.51	
02/13/2008	COi	1.1277778	1,595.00	100.000	0.9953094	1,587.52	
03/04/2008	COi	1.2444444	79.00	100.000	0.9948254	78.59	
04/02/2008	COi	1.4000000	73.00	100.000	0.9941804	72.58	
05/02/2008	COi	1.5666667	62.00	100.000	0.9934899	61.60	
05/07/2008	Interest	1.5944444	(87,397.00)	100.000	0.9933748	{86,8 I 7,98)	
05/12/2008	Interest	1.6222222	87,397.00	100.000	0.9932S98	86,807.93	
06/03/2008	COi	1.7388889	61.00	JOO.ODO	0.9927768	60.56	
07/02/2008	COi	1.9000000	55.00	100.000	0.9921102	54.57	
08/04/2008	COi	2.0777778	56.00	100.000	0.9913752	55.52	
09/03/2008	COi	2.2388889	56.00	100.000	0.9907095	55.48	
10/02/2008	COi	2.4000000	54.00	100.000	0.9900443	53.46	
11/03/2008	Interest	2.5722222	{82,597.00)	100.000	0.9893338	(81,716.00)	
11/03/2008	Interest	2.5722222	82,597.00	100.000	0.9893338	81,716.00	
11/04/2008	COi	2.5777778	56.00	100.000	0.9893108	55.40	
12/02/2008	COi	2.7333333	51.00	100.000	0.9886695	50.42	
01/05/2009	COi	2.9166667	41.00	100.000	0.9879141	40.50	
02/03/2009	COi	3.0722222	29.00	100.000	0.9872736	28.63	
03/03/2009	COi	3.2388889	18.00	100.000	0.9865879	17.76	
04/02/2009	COi	3.4000000	15.00	100.000	0.9859255	14.79	
05/0112009	Interest	3.561 lll l	82,597.00	100.000	0.9852635	81,379 .81	
05/01/2009	Interest	3.5611111	(82,597.00)	100.000	0.9852635	(81,379.81)	
05/04/2009	COi	3.5777778	13.00	100.000	0.9851950	12.81	
06/02/2009	COi	3.7333333	12.00	100.000	0.9845563	11.81	
07/02/2009	COi	3.9000000	10.00	100.000	0.9838725	9.84	
08/04/2009	COi	4.0777778	8.00	100.000	0.9831435	7.87	
09/02/2009	COi	4.2333333	5.00	100.000	0.9825062	4.91	
10/02/2009	COi	4.4000000	4.00	100.000	0.9818237	3.93	
11/02/2009	Interest	4.5666667	(77,597.00)	100.000	0.9811418	(76,133.66)	
Jl/02/2009	Interest	4.5666667	77,597.00	100.000	0.9811418	76,133.66	
I 1/03/2009	COi	4.5722222	4.00	100.000	0.9811190	3.92	
12/02/2009	COi	4.7333333	3.00	100.000	0.9804603	2.94	
01/05/2010	COi	4.9166667	2.00	100.000	0.9797112	1.96	
02/02/2010	COi	5.0666667	1.00	100.000	0.9790987	0.98	
03/02/2010	COi	5.2333333	1.00	100.000	0.9784186	0.98	
04/02/2010	COi	5.4000000	1.00	100.000	0.9777390	0.98	
FALCONTS07-2007-A I FY: 1 I Mun-EaseElevateMainDb) 16.95f EDB I 07/31/2019 I 16:57 I Rpl09c
Grau & Associates	Page	;
Grau & Associates CPAs

Falcon Trace Community Development District	Dated:	07/01/2007
Special Assessment Refunding Bonds, Series 2007	Delive red:	07/20/2007
I.R.R. Report Via Purpose Expenditures
$ 4,085 ,000.00

Grp
TD	Trans Date	Fund ID	

Description	Dqy Count Cak1tlatio11 Amt	Pool Factor	(lntemt Earnings) Pctg	** Internal Rate of Return **
PV Factor	PV  A ,nt	
0	05/03/2010		Interest	5.5722222	(77,597.00) 100.000	0.9770373	(75,815.16)	
	05/03/2010		Interest	5.5722222	77,597.00 100.000	0.9770373	75,815.16	
05/04/2010	COi	5.5777778	1.00   100.000	0.9770147	0.98
06/02/2010	COi	5.7333333	2.00  100.000	0.9763813	1.95
07/02/2010	COi	5.9000000	2.00   100.000	0.9757031	1.95
08/03/2010	COi	6.0722222	3.00   100.000     0.9750028	2.93
09/02/20IO	COi	6.2333333	4.00    I00.000    0.9743481	3.90
10/04/20IO	COi	6.4111111	3.00   100.000     0.9736262	2.92
11/01/20!0	Interest	6.5611111	72,397.00   100.000	0.9730176	70,443.55
11/01/2010	Interest	6.5611111	(72,397.00)  100.000      0.9730176	(70,443.55)
11/02/2010	COi	6.5666667	2.00   100.000	0.9729950	1.95
12/02/2010	COi	6.7333333	2.00    100  . 000     0.9723192	1.94
01/04/201 l	COi	6.91 ll Ill	2.00   100.000	0.9715988	1.94
02/02/201 l	COi	7.0666667	2.00   100.000     0.9709690	1.94
03/02/201 I	COi	7.2333333	1.00    10 0.000     0.9702945	0.97
04/04/201 l	COi	7.4111 111	1.00    I00.000     0.9695757	0.97
05/02/2011	Interest	7.5666667	72,397.00    100.000     0.9689471	70,148.86
05/02/2011	Interest	7.5666667	(72,397.00)  100.000     0.9689471	(70 ,148 .86)
05/03/201 I	C Oi	7.5722222	1.00   100.000     0.9689247	0.97
06/02/2011	COi	7.7333333	1.00   100.000     0.9682741	0.97
07/05/201 I	COi	7.9166667	1.00   100.000    0.9675343	0.97
08/02/2011	COi	8.0666667	1.00   100.000     0.9669294	0.97
09/02/2011	COi	8.2333333	1.00   100.000    0.9662578	0.97
10/04/2011	COi	8.41111 I I	1.00   100.000     0.9655419	0.97
11/01/2011	Interest	8.5611111	66,725.00    100.000     0.9649383	64,385.51
11/0112011	Interest	8.5611111	(66,725.00)  100.000      0.9649383	(64,385.51)
11/02 /2011	COi	8.S666667	1.00   100.000     0.9649160	0.96
12/02/2011	COi	8.7333333	1.00   100.000     0.9642458	0.96
01/04/2012	cor	8.911 1111	1.00   100.000     0.9635314	0.96
02/02/2012	COi	9.0666667	1.00   100.000    0.9629067	0.96
03/02/2012	COi	9.2333333	1.00   100.000     0.9622379	0.96
04/03/2012	COi	9.4055556	2.00   100.000	0.9615473	1.92
05/01/2012	Interest	9.5611 111	(66,725.00) JOO.ODO	0.9609239	(64,117.65)
05/01/2012	Interest	9.5611111	66,725.00   100.000	0.9609239	64,117.65
05/02/2012	CO!	9.5666667	2.00   100.000     0.9609016	1.92
06/04/2012	COi	9.7444444	2.00  100.000    0.9601897	l.92
07/03/2012	COi	9.9055556	2.00   100.000    0.9595450	l.92
08/02/2012	COi	10.0666667	2.00   100.000    0.9589007	1.92
09/05/2012	COi	10.2500000	1.00   100.000     0.9581681	0.96
10/02/2012	COi	10.4000000	1.00   100.000	0.9575691	0.96
11/02/2012	COi	10.5666667	2.00   100.000    0.9569040	1.91
12/04/2012	COi	10.7444444	1.00   100.000	0.9561951	0.96
01/03/2013	COi	10 .9 055556	1.00   100.000     0.9555530	0.96
06/03/2014	COi	13.7388889	3.00   100.000     0.9443323	2.83
2015  06/02/2015	COi	1 5.7333333	4.00   100 .000     0.9365130	3.75
2016  07/15/2015	COi	15.9722222	1.00   100.000     0.9355807	0.94
08/04/20)5	COi	16 .0 777778	1.00   100.000     0.9351691	0.94
09/02/2015	COi	16.2333333	1.00    I00 .000     0.9345628	0.93
10/02/2015	COi	16.4000000	1.00   100.000     0.9339137	0.93
11/03/2015	COi	16.5722222	1.00   100.000     0.9332434	0.93
12/02/2015	COi	16.7333333	1.00   100.000     0.9326168	0.93
01/05/2016	COi	16.9166667	3.00    10 0.000     0.9319042	2.80
FALCONTS07-2007-A I FY: 11 Mun-EaseElevateMainDb I 16.95f EDB I 07/31/2019 I 16:57 I Rpt09c
Grau & Associates	Page	2
Grau & Associates CPAs

Falcon Trace Community Development District	Dated:	07/01/2007
Special Assessment Refunding Bonds, Series 2007	Delive red:	07/20/2007
I.R.R. Report Via Purpose Expenditures
$ 4,085,000.00

Grp
ID	Trans Date	
Fund
ID	

Desmption	Day Cou-nt Factor	Calculation Amt (Interest Earnings)	Pool Pctg	** Internal Rate of PV Factor	&t11rn **
PVAmt	
2016	02/02/2016		COi	17.0666667	5.00	100.000	0.9313217	4.66	
	03/02/2016		CO!	17.2333333	6.00	100.000	0.9306748	5.58	
	04/02/2016		COi	17.4000000	7.00	100.000	0.9300283	6.51	
	05/03/2016		COi	17 .5 722222	7.00	100.000	0.9293608	6.51	
	06/02/2016		CO!	!7.7333333	7.00	100.000	0.9287368	6.50	
2017	07/05/2016		COi	!7.9166667	6.00	100.000	0.9280272	5.57	
	08/02/2016		COi	18.0666667	5.00	100.000	0.9274471	4.64	
	09/02/2016		COi	18.2333333	5.00	!00 .000	0.9268029	4.63	
	I0/04/2016		COi	18.4111111	2.00	I00.000	0.9261162	1.85	
	11/02/2016		COi	18.5666667	2.00	100.000	0.9255159	1.85	
	12/02/2016		COi	18.7333333	2.00	100.000	0.9248730	1.85	
	01/04/2017		CO!	18.9!1 I II I	2.00	10 0.000	0.9241878	1.85	
	02/02/2017		COi	!9 .0666667	3.00	100.000	0.9235886	2.77	
	03/02/2017		COi	19.2333333	3.00	100.000	0.9229471	2.77	
	04/04/2017		COi	19.4111111	3.00	100.000	0.9222633	2.77	
	05/02/2017		COi	19.5666667	4.00	I00.000	0.9216654	3.69	
	06/02/2017		COi	19.7333333	4.00	100.000	0.9210252	3.68	
2018	07/05/2017		COi	19.9166667	4.00	100.000	0.9203216	3.68	
	08/02/2017		COi	20.0666667	4.00	100.000	0.9197462	3.68	
	09/05/2017		COi	20.2500000	4.00	100.000	0.919 0435	3.68	
	10/03/2017		COi	20.4055556	4.00	100.000	0.9184477	3.67	
	11/02/2017		COi	20.5666667	4.00	100.000	0.9178310	3.67	
	12/04/2017		COi	20.7444444	4.00	100.000	0.9171510	3.67	
	01/03/2018		COi	20.9055556	4.00	100.000	0.916 5352	3.67	
	02/02/2018		COi	21.0666667	4.00	100.000	0.9159198	3.66	
	03/02/2018		COi	21.2333333	4.00	100.000	0.9152836	3.66	
	04/03/2018		COi	21.4055556	4.00	100.000	0.9146267	3.66	
	05/02/2018		COi	21.5666667	5.00	100.000	0.9140126	4.57	
	06/04/2018		COi	21.7444444	6.00	100.000	0.9133354	5.48	
2019	07/01/2018		COi	21.8944444	5.00	100.000	0.9127644	4.56	
	08/01/2018		COi	22.0611111	7.00	100.000	0.9121304	6.38	
	09/01/2018		COi	22.2277778	7.00	100.000	0.9114969	6.38	
	10/01/2018		COi	22.3944444	7.00	100.000	0.9108638	6.38	
	11/01/2018		COi	22.5611 Ill	7.00	100.000	0.9102311	6.37	
	12/01/2018		COi	22.7277778	7.00	100.000	0.9095989	6.37	
	01/01/2019		COi	22.8944444	7.00	100.000	0.9089671	6.36	
	02/01/2019		COi	23.061 l lll	7.00	100.000	0.9083357	6.36	
	03/01/2019		COi	23.2277778	6.00	100.000	0.9077048	5.45	
	04101/2019		COi	23.3944444	7.00	100.000	0.9070743	6.35	
	05/01/2019		COi	23.5611111	7.00	100.000	0.9064443	6.35	
	06/01/2019		COi	23.7277778	7.00	100.000	0.9058146	6.34	
99999	06/30/2019		Unspent Proceeds as of06/30/20 I9	23.8888889	26,419.00	100.000	0.9052064	23,914.65	
					2,727.99			(0.02)	

Arbitrage Yield Limit . . . . . . . . . . . . . . . .	4.7365179
Internal RaJe of Return . . . . . . . . . . . . . . .	0.8355360
Calculation Standard . . . . • . . . • . . . . . •.	MSRB 30/360 SEMI 4/3

FALCONTS07-2007-A I  FY: 1 I Mun-EaseElevateMainDb I 16.95f EDB I 07/3112019116   : 5 7 I Rp109c
Grau & Associates	Page	3
Grau & Associates CPAs

SECTION 6

SECTION 1
Aquatic Weed Management, Inc.
P.O. Box 1259 Haines City, FL 33845 863-412-1919
Estimate
Date	8/1/2019
Estimate #	725

Name I Address

P.O.#
Terms	Net 15	Due Date
Other

8/16/2019

Thank you for your business!	Subtotal
Sales Tax (0.0%)
waterweed1@aol.com	863-412-1919	Total
863-438-0087

SECTION 2
Proposal

4421 Reaves Road
Kissimmee, Fl. 34746
Ph: (407) 933-8791

Proposal To: William Viasalyers
GMS Central Florida 1408 Hamlin Ave. Unit E St. Cloud, FL 34771
Proposal No: 02019-85 Proposal Date: 8/13/19

Submitted By: Chet Berry

Proposal Amount: $ 2,430.00

Phone: 407-451-4047
Fax:

Re: Misc. work on storage building at Falcon Trace Community. Scope of Work:
Remove roll-up door and track.

Repair stucco as necessary where door is removed.

Color match paint as close as possible.

Install new door lock bar over existing double doors.

Materials and labor included.

ACCEPTANCE OF PROPOSAL

The Purchaser by signing this document represents the he/ she has read and fully understands the above work and services availability of material and/ or labor to be provided and further understands that this signed proposal constitutes full acceptance and agreement for services. Pricing of material and labor subject to availability at this time. Any alteration. or unforeseen conditions or deviation from the above description of services and work involve extra costs will be executed only upon written order, and will become an extra change over and above the agreed quoted proposal herein stated.

The above prices, specifications and conditions are satisfactory and are hereby accepted:

 	
Owners Acceptance Signature & Date
This Proposal valid for 30 days from date issued.
(in lieu of pricing of labor and materials)
Contractor's Authorized Signature  & Date TERMS: DUE UPON COMPLETION OF WORK