This Instrument Prepared by and return to:
Falcon Trace Community Development District c/o Governmental Management Services, LLC 207 E. Pine Street, Suite 950
Orlando, Florida 32801

This space reserved for use by the Clerk of
the Circuit Court

AMENDED AND RESTATED DISCLOSURE OF PUBLIC FINANCING AND MAINTENANCE OF IMPROVEMENTS TO REAL PROPERTY UNDERTAKEN BY THE FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT
Falcon Trace Community Development District Board of Supervisors / Officers1

Supervisor.l��

Andrew G	U

Jeffv�	Sara Hurst
Supervisor/ Assistant Secretary
Barbara Adams Supervisor I Assistant Secretary
Kathy Stark Supervisor/  Assistant Secretary

�
District records are on file and available for public inspection upon request during normal business hours at the District Manager's office:
Governmental Management Services, LLC District Manager
207 E. Pine Street, Suite 950	
Orlando, Florida 32801
(407) 841-5524

REC FEE 7 .

08/31/2007	02:26:24 PM
8 00

1This list reflects the identity of the Board of Supervisors and District Officers as of August 1, 2007. For a current list of supervisors and officers, please call the District Manager.

TABLE OF CONTENTS

Introduction	_3
What is the District and how is it governed?	4
What infrastructure improvements does the District provide and how are the
improvements paid for? _	_4
Roadway Improvements  	__5 Recreational Facilities _ 		_5
Big Hawk Lake _	_5

(Q

Assessments, Fees, and � Method of Collection __...,____.

_6
__,	_6

2

------------------------------	----	- --�---�

INTRODUCTION
On behalf of the Board of Supervisors of the Falcon Trace Community Development District, the following information is provided to give you a description of the District's services and the assessments that have been levied within the District to pay for certain community infrastructure, and the manner in which the District is operated. A unit of special-purpose local government created pursuant to and existing under the provisions of Chapter 190, Florida Statutes, the District provides facilities and community services which would otherwise be the responsibility of the private sector, a homeowners association, or another unit of local government. Unlike city and county governments, the District has only certain limited powers and responsibilities.
The District is here to serve the needs of the community and we encourage your participation in District activities.

3

AMENDED AND RESTATED DISCLOSURE OF PUBLIC FINANCING AND MAINTENANCE OF IMPROVEMENTS TO REAL PROPERTY UNDERTAKEN BY THE FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT

steps  to  provide  for  the  full  disclosure  of information  relating  to  the  public  financing  and

Under Florida law, community development districts are required to take affirmative

with	th District to pay for certain community infrastructure is provided to fulfill this statutory

requirement.

funded by the Series 1999 Bonds. The following information describing t	Falco	Trace

District and to all prospective District	sidents. In 1999 and 2005 the District issued Disclosures

pmraoivnitdeensanthcaet othfiismipnrfoovrmemateionntssthoarlel ablepmroapdeertayvuanildaebrlteaktoenalblypesruscohnsdicsutrrircetns.tlyTrheesildaiwngspweictihfiincatlhlye  of Public Finance  related  to  the  improvements discussed  in  the 1999  Engineer's Report and Community Development District and the assessments, fees and charges that have been levied

Commissioners, Orange Coe

The District is a�What is theenDt uisntirticotfasnpdechioawl-piurps itogsoevleorcnaeldg?overnment established in

1998 by Ordinance 98-1 O� tahcerepsroofvilasinodnsloocafteCdhaopnteUrS14

�ed by Ordinance 98-30, both ado ed by the Board of County F· lo ·	SrntatuOtreans. geThCeouDnitsyt,riFcltoernidcao.mTphaeslseegsaalpdpersocxriipmtiaotnelyof3t6h1e

d· a.  The District was created pursuant to and exists under

laalntedrns aetnivceommpeaasnssedfowr ipthlainntihne ,Dis

n·ccin  ,

aocnhsetrduchteinregt,ooapseEraxtihnigbiant "dAm."aTinhteaiDninstgrivcat rpiorouvsidpeusblainc

improvements and community	ci�� its jurisdiction.

age who is a citizen of the United States, a legal resident of Florida and of the District, and who

must beTqhueaDlifiisetdricetleicstogrosv. ernAe"dquba�lified elector" inr tBhoisaridnsotafnScuepiesravnisyoprse,rsthoen matelmeabsetr1s8oyfewarhsicohf is also registered with the Supervisor of Elections to vote in Orange County.

same disclosure requirements as other elected officials under the State's ethics laws.

of  the  District  are  available  for  public  inspection  during  normal  business  hours.	Elec ed

which pBuobalircdpmaerteitciinpgastiarone insoitnicveidteidn. thCeolnoscisatlennetwwsipthapFelroarindda'asrepucbolnicdurcetceodrdins alapwusb, ltihceforreucmordins members of the Board are similarly bound by the State's open meetings law and are subject to the
What infrastructure improvements does the District provide?

Each of these infrastructure improvements is more fully detailed below.

supp  rt th  Dist ict's developmen  program which includes, but is not limited to: offsite roadway

within OThraengDeisCtroicutntiys, cFulrorreindtal.yTchoemppurbisleicd ionffrasptprurocxtuimreafutelnyde3d61bygrthoessDaicsrtreisctloiscantecdesesnatriyreltyo improvements, recreational facilities, Big Hawk Lake and other related public infrastructure.

4

These public infrastructure improvements are funded in part by the District's sale of bonds. On December 28, 1998, the Circuit Court of the Ninth Judicial Circuit of the State of Florida, in and for Orange County, Florida, entered a Final Judgment validating the District's ability to issue an aggregate principal amount not to exceed $6,500,000 Special Assessment Bonds for infrastructure needs of the District. On March 11, 1999, the District issued bonds for purposes of financing construction and acquisition costs of infrastructure improvements. On that date, the District issued Falcon Trace Community Development District, Special Assessment Bonds, Series 1999 in the amount of $5,395,000 (the "Series 1999 Bonds"). Proceeds of the Series 1999 Bonds have been used to finance a portion of the cost of the acquisition, construction, installation and/or equipping of the infrastructure and improvements in the 1999 Engineer's Report. On July 20, 2007, the District issued Falcon Trace Community Development District 2007 Special Assessment Refunding Bonds in the amount of $4,085,000 (the "Series 2007 Bonds"), to refinance the Series 1999 Bonds, currently outstanding in the principal amount of $4,145,000.
Pursuant to an  interlocal agreement  between  Orange  County  and  the  District (the
"Interlocal Agreement") t	.	astructure  improvements provided by the District include  road

Roadway Improvements	�

(discussed below).	V

bonds

improvements and recrea1	fa · 'ties. Each of these infrastructure improvements is more fully detailed below. These i		e  ents are being constructed with the proceeds of the District's

adjacent to the District.

Roadway improveme   s    l�c  ss to District properties and provide necessary traffic volume  capacity.    The  road     y  1	��ts  consist  of a  contribution  of funds  to  Orange County to defray a portion of the c  sts o  �ign and construction of the East-West Roadway

Big Hawk Lake

RecreaTtihoenaDliFstariccitlihtiaess constructed and owns, operates and maintains, a public recreation facility located on Hawk Lake Drive.

The District owns, operates and maintains one lake within the District commonly referred to as Big Hawk Lake. In connection therewith, the District inspects, cleans and treats the lake to maintain water quality.

Further information can be obtained from the District's Engineering Report on file in the District's public records.

5

The costs of these infrastructure improvements have been financed by the District

Assessments, Fees, and Charges

The Bonds, and the interest due thereon, are payable solely from and secured by (i) the

through t	sale of its Seri	1999 bonds and Series 2007 bonds.

bthielleIdnttehreloacsasleAssgmrenmtseinnt.thBeesgaimnneinmganwnitehr tahsectoauxnbtyillasdisvsauloedreimn Ntaoxvese.mber 2000, the District has

t(a9x0e1s). Tsihneglaennfauaml idlyebthaosmsessminentthsearaemtooubnetalolofca$t4e8d8e.9q6ualalnynamualolyn.g Tthheerneineh-ahsunbdereend aonnde olnoet

mpthreaeypDabiysemtrcieacnlttc. uinlatfuedlla. nTnhuiasl�amount eDxcilsutrdiecst'sanByoaorpdeoraftiSounpseranvidsomrsaaingtaeinanst caell absesneessfimttedtslanwdhsicihn

alfrenovdmy(iotifh) etnhocenonaesdt puvrcaotlicoerne,dmsacfroqroumisspiettihcoeinal,saealssetsaoebsflsimsmhepmnatecsnt tafe,gaeanicndrsetodpliatesnradrtesicoweniivtohefdintfrhteohemDiDOstirsaitcrnitgc'ste iwCmhopiurcnohtvyebmeuneednfietsrt The assessments on platted lots are billed in the same m	ner as are county ad valorem

assessmAentdse,tfeaielesdanddescchraip�rgtieo'�f1��'folestfos ranpdubalillcoicnastpioenctsiownhuipchonrreesquultesitn.

the formulation of

essments may appear on that portion of the annual

d of Collection

eandtitalesdsetsosmheenstsamdueedaisreconuonttspaaisdpwroitvhiidnedthfoe pr radcvraibloerdemtimtaxe lems. itA, tshwe ittahxacnoylletaxctobriilsl, riefqaulli tadxetos

cvoaloercetmor aindthneosna-made vmaalonrneemr aasscsauess11'!;¥me-natas-vaat.10J:stsheesmssmatmeanxetesst,.i"maEena.dcPhwropilrploebpreteyrctoyowlolenwcetnreesdrwbmyilults,hthepocawoyeubvnoetytrh,tbadxe

cDomrmun, iptilea.se Iwfryitoeutohathv   DquistsrtiicotnMs aonragweoru, lFdalsciomnpTlyralcikeeCaodmdmitiuonniatly iDnfoevremloaptimonenat bDoiusttritchte,

This de   ription of the District's o  e ations, servi   s and financing structure is intended

sell tax certificates which, ifnot timely redeemed, may result in the loss of title to the property. ptolapyrsoviinde parsosvisitdainncge tionfrlaansdtrouwctnuerres ainmdprpouvrecmhaesnetrss ceosnsecnerntiailngtothethime podretvaneltopromleenttheoDfisntreiwct District Offices, 207 E. Pine Street, Suite 950, Orlando, Florida 32801, or call (407) 841-5524.

6

IN WITNESS WHEREOF, this Disclosure of Public Financing and Maintenance of Improvements to Real Property Undertaken has been executed as of the	16-#'\ day of
Ulv§v�.\--	, 2007, and recorded in the Official Records of Orange County, Florida.
FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT

Witness

Print Name

Print Name

I��

day of

, Chairman of
atmlft:'-1mo did [ ] or did not k]

�4.i;i¾-1

Notary Public, State of Florida Print Name:

7

Book9418/Page2817

CFN#20070585207	Page 7 of 9

EXHLeIBgaITl A

A TRACT OF LANO LYING IN SECTIONS 26, 27, 34 ANO 35, TOWNSHIP 24 SOUTH, RANGE 29 EAST, BEING DESCRIBED AS FOLLOWS:
COMMENCE AT THE SOUTHWEST CORNER OF THE SOUTHWEST QUARTER OF SAID SECTION 27 FOR A POINT OF REFERENCE; THENCE RUN NORTH 89'25'16" EAST, ALONG THE SOUTH LINE OF SAID SOUTHWEST QUARTER,
1401.92 FEET TO A POINT LYING ON THE PROPOSED EAST RIGHT-OF-WAY LINE OF U.S. HIGHWAY NO. 441 (ORANGE BLOSSOM TRAIL) SAID POINT BEING 25.00 FEET, PERPENDICULAR MEASURE, FROM THE EAST RIGHT-OF-WAY OF SAID
U.S. HIGHWAY 44-1, ACCORDING TO STATE OF FLORIDA ROAD DEPARTMENT	RIGHT-OF-WAY MAP,	F.A. PROJECT NO. 242-C,

°	1

SHEET 1 OF 15, DATED FEBRUARY 24, 1940; THENCE RUN SOUTH 00·03•47• EAST, ALONG SAID PROPOSED EASTERLY RIGHT-OF-WAY LINE, 206.05 FEET TO A CURVE CONCAVE NORTHEASTERLY, SAID POINT ALSO BEING THE POINT Of BEGINNING; THENCE RUN SOUTHEASTERLY ALONG SAID CURVE, HAVING A RADIUS LENGTH OF 75.00 FEET, A CENTRAL ANGLE OF 90 00 00", AN ARC LENGTH OF 117.81 FEET, A CHORD LENGTH OF 106.07 FEET, ANO A CHORD BEARING  OF ,--,.--.. 45"03'47"  EAST  TO  THE  POINT  OF  TANGENCY;  THENCE
RUN NORTH 8 56'1	EAST,  353.07 FEET;  THENCE RUN  NORTH 89'34'20"
EAST,  804.  8 FEE ·		ENCE RUN NORTH 89"56'13" EAST, 310.07 FEET; THENCE RU		'03'47" WEST, 432.52 FEET; THENCE RUN NORTH 88"24'46" WEST,			EET; THENCE RUN NORTH 16"02'30" WEST, 36.23 FEET; THENCE	NO			09"43'17" WEST, 77.36 FEET; THENCE RUN NORTH 40'20'09" WEST,		F ET; THENCE RUN NORTH 57'06'46" WEST, 485.62 FEET; THENCE R-.._!.!>"',			1'26'58" WEST, 182.87 FEET; THENCE RUN NORTH 26"37'30" EAST					FEET; THENCE RUN NORTH 21'51'28" WEST,
304.51 FEET;	E	TH 45'55'30" WEST, 166.01 FEET; THENCE RUN

NORTH 11"53'20
WEST, 149.17 FE • T

3 FEET: THENCE RUN NORTH 09'41'34"
E	U	NORTH 01 '15'41" EAST, 122.81 FEET TO A

POINT LYING ON A NON- ANG N CURVE CONCAVE SOUTHERLY AND THE SOUTHERLY RIGHT-OF-WAY	N		0£ SOUTHCHASE ROAD ACCORDING TO THE ORANGE COUNTY RI	T				'A , PROJECT NO. Y5-807, SHEETS, 3, 4, 5 ANO 6 Of' 16, PREPA			WYE -SINGLETON & ASSOCIATES, INC., DATED MARCH 1, 1996; THENCE RUN ALONG SAID SOUTHERLY RIGHT-OF-WAY LINE THE FOLLO'MNG COURSES: RUN EASTERLY ALONG SAID CURVE, HAVING A RADIUS LENGTH OF 2034.30 FEET, A CENTRAL ANGLE Of' 10'J4'0J", AN ARC LENGTH
Of' 375.20 FEET, A CHORD LENGTH OF 374.67 FEET, AND A CHORD BEARING Of' SOUlH 76'32'11" EAST; THENCE, RADIAL TO SAID CURVE, RUN NORTH
18'44'51" EAST, 5.62 FEET; THENCE  RUN  SOUTH  71'15'09"  EAST,  129.BJ FEET TO THE POINT OF CURVATURE Of A CURVE CONCAVE NORTHERLY; RUN
EASTERLY ALONG SAID CURVE, HAVING A RADIUS LENGTH Of 2159.92 FEET, A CENTRAL ANGLE OF 11'49'56", AN ARC LENGTH OF 446.05 FEET, A CHORD LENGTH OF 445.26 FEET, AND A CHORD BEARING OF  SOUTH  77'10'07"  EAST TO THE POINT OF TANGENCY; RUN SOUTH 83'05'05" EAST, 1703.77 FEET  TO THE POINT OF CURVATURE OF A CURVE CONCAVE NORTHERLY; RUN EASTERLY ALONG SAID CURVE, HAVING A RADIUS LENGTH OF 3997.00 FEET, A CENTRAL ANGLE OF 06"JO'JO", AN ARC LENGTH Of 454.03 FEET, A CHORD LENGlH Of
453.78 FEET, ANO A CHORD BEARING OF SOUTH 66'20'20" EAST  TO  THE POINT OF TANGENCY; RUN SOUTH 89'35'35" EAST, 95.JB FEET TO THE POINT OF CURVATURE OF A CURVE, CONCAVE SOUTHERLY'; RUN SOUTHEASTERLY ALONG SAID CURVE, HAVING A RADIUS LENGTH Of' 924.25 FEET; A CENTRAL ANGLE OF 30'45'00"'AN ARC LENGTH OF 496,0J FEET, A CHORD LENGTH Of'
490.10 FEET ANO A CHORD BEARING OF SOUTH 74'1J'06" EAST  TO  THE POINT OF TANGENCY; RUN SOUTH 56"50'35"  EAST,  116.34  FEET  TO  THE POINT OF CURVATURE Of' A CURVE CONCAVE NORTHEASTERLY; RUN SOUTHEASTERLY ALONG SAID CURVE, HAVING A RADIUS LENGTH OF 721. 78 FEET; A CENTRAL ANGLE OF 30'45'00"; AN ARC LENGTH OF 387.37 FEET; A CHORD LENGTH OF 382. 74 FEET ANO A CHORD BEARING OF SOUTH
74'13'os· EAST TO THE POINT OF TANGENCY; RUN SOUTH 89'35'35" EAST,

86.08  FEET  TO  A  POINT  LYING  ON  THE  WESTERLY LIMITED ACCESS  RIGHT-OF- WAY LINE  0� _TH_� _ �Y,���l�E- _S_!_A!E. f.���.V:'':'!'J�O��OA_'?  !URN_Pl�9.•  _ . _

EXHIBIT A - Legal

2O-F S2E,CTDIAOTNED11,OCSTHOEBEETRS  116,AN19D612;- OTHF E5N, CDEA, TDEEDPAORCTITONBGERTH2E5A, F1O9R6E1SAANIDD  SHEET

page 2

R29IG5H.7T0-OFFE-EWTATYO LTHINEE THPOEINFTOOLLFOYv1CUNRGVACTUOURRESEOSF:  ARUCNU. RSVEOUTCHON0C5A'3V9E'47"  EAST,

ACCOR  ING  TO	UNSHINE  STATE  PARKWAY  RIGHT-OF-WAY  MAP  PROJECT  NO.  2
SOUTHERLY  RIGHT-OF-WAY  LINE,  RUN  ALONG  S   D  WESTERLY  LIMITED  ACCESS

O19F'2S1'O2U0T"HEA12S'T3,0'3434".9E1ASFTEETTOTTOHEA  PPOOIINT OOfF TINATNEGRESNECCYTI; ORNUNWiniSOUTTHHE

NOLEFONR1GTH8TH7E3A.O4SF6TE7RF8EL3EY9T; ,.4RA4UNFCEHSEOOTR,UDTHALECERNELNGYTHTRAALOLOFNAG1N8GS6LA9EI.D0O1FCUF1ER3EVE'T4,1, 'A3HN3A"DVI,  NAGNCAHAORRRCADDLIEBUNESGATRHING WESTERLY  RIGHT-OF-WAY  LINE  OF  STATE  ROAD  NO.  527  (ORANGE  AVENUE),

3O2F"-3W6'A1Y4" LWEINESTO, F  S9TA9T2  FREOEATD;   RNUON.  5S2O7UTHTHE27F'O2L9L'3O8WI" NWEG SCTO,U3R7S8E.S2:5 RFUENETS; OUTH

TLAIHCNECENOCOREFD,INTDGHEEPTAOSRUTSNITNSAGHTIENTEHREOSTAAADFTEOPRLEPASATARIDBKOWWEOAKYS, TE2R, RUSLNYECALTLIOMNITGE7DS5A0A4ICD0C,EWESPSASGTREIRSGLHY6T6-ROIAGFNH-OTW­A67Y;

S11O1U6T.5H0EAFSETEETRLTYO;  THRUEN PSOOUINTTHOEFRLCYUARLVOANTUGRSEAOIDF CAURCVEUR, VEHACVIONCC AVERADIUS

RUN  SOUTH  56'33'10"  EAST,  30.00  fEET;  RUN  SOUTH  33"26'50"  WEST,

SOOFU2T6H2.1375"31F'E50T,  A  CHORT, HDENLECEG, THGEPOAFR·2TI7N8G.7S3AIFDEET, SATNEORLYA  RCIHGOHRTD-OBFE-AWRAI YG  OF

LINE  OF  STATE	RUN  NORTH  87'15'40"  WEST,  349.86  FEET;   THENCE

LENGTH  Of  508.20  FEET,  A  CENTRAL  ANGLE  OF  31"49'59",  AN  ARC  LENGTH

TWHEESNTC, E39R7U.6N8NF'OR   •   TH	CE

RUN  NORTH  71"a7'  7"	T,
NF5EO4E•R3TT3:H•4T41H•3E'N5WE8C'ES5T2R,"U5NWE69:>'l:-->1TH,uE.

351.84  FEET;   THENCE  RUN  NORni  44'19'33"

RUWNESSTO, U1T0H2.6279"5F2E'5ET3;"  TWEHESNTC, E41R5U.9N3 Nf'OERETTH;

;'  T9H'E4EE9NT"C; EWETHRSEUTNN, C4EN7O1RR.0UTH3N FN1EO4E'R1TTH8; '3lli50•E3N'E4CA2ES'5T0R, "U4N13.50

NFEOERTT;H lli6JEN'1CJE'15R"UWEN  SNT,  JOO.	'1E  ,	SETN, C3E29R.U8N0  SFEOEUTT;H TH54E·N0C3E•52R•UN

4T6H'E1N6C'1E9"RUWENSST,OU14TH7.0896'1F0E'   ·"	S	.◄8NFOERETTH;  0T1H'E2N2'C5E3"RUWENSNT,OR1T13H.12

TWEHESNTC, E28R5U.4N7SFOEUETHT;   8T3.'.......,'�.../""'"'-SNO, R3T5H5.4540'2F9E1E2T5;"  TEHAESNT,CE35R7U.9N9NFOERETTH;

06'36'58"  WEST,  153.	F.    T;• T	E  RUN  SOUTH  86'4J'41•  WEST,  609.22
WEST,  J30.5J  fEET;   THENCE  RUN	54'38'52"  WEST,  441.89  FEET;

WNOESRTT,H 46042.5'415'F3E4E"T;WETSHTE,NC19E8.R0U0NFSEOETU;THTH6E7'27E'4R8U"NWESOSTU,TH35867.5'340'F4E3E"T  TO

N5FE6OE4RT.T6;H2T7HF1E'EN4T1C:'E54TRH"UEENACSNETO,R1THU7N0.1N49O5'2R9FTE'H3E8T0":0E·TH0A2SE•5TN,C•E40WER9U.S1NT5, Nf3EOR5E3TT.;4H0T8Hf4EE'N0E7CT'E;49TR"HUENENACSET, RUN

R43IG'4H2T'-0O0F" -WEWASYT LTIONEAOPFOUIN. T. LHYII NGWAONY  NTHOE.  4A4f1"O; RTHSEANIOCEPRROUPNOSNEODRTEHAS0T0'03'47"  WEST,

RFEUENT,SOAUCTHENWETRSATLERALNGALELOONFG 8S7A'IJD1'JC5U"R, VEAN,  HAAVICNLGENAGRHADOIUFS 1L14E.N5G7THFEOETF·, 7A5.00

THE  POINT  OF  CURVATURE  OF  A  CURVE  CONCAVE  SOUniEASTERLY:  THENCE CHORD  LENGTH  OF  103.75  FEET,  ANO  A  CHORD  BEARING  Of  SOUTH

360.934 ACRES, MORE OR LESS.

BEGINNING.

ALONG  SAID  PROPOSED  EAST  RIGHT-OF-WAY  LINE,  270.0J  FEET  TO  niE  POINT  Of' THE ABOVE DESCRIBED TRACT OF LANO LIES IN ORANGE COUNTY, FLORIDA AND CONTAINS