Reunion East Community

Development District

Agenda

September

13,

2018

A GENDA

I
Reunion

East

Community Development District

135

W. Central Blvd.,

Phone: 407-841-

Suite 5524-

320, Fax:

Orlando FL, 32801

407-839-1526

September

6, 2018

Board

of

Supervisors

Reunion

East

Community

Development

District

Dear

Board

Members:

The

regular

meeting

of

the

Board

of

Supervisors

of

the

Reunion

East

Community

Development

District will Community

be held Center,

Thursday, September 13, 2018 at 1:00 p.m. 7715 Heritage Crossing Way, Reunion, FL.

at the  Heritage	Crossing	
Following  is  the	advance	

agenda

for

the

meeting:

1. 2. 3. 4. 5.

6. 7. 8. 9.

Roll Call				
Public Comment Period			
Approval of the Minutes of the August 9, 2018 Meeting		
Consideration of Management Services Agreement	(MSA)		
Staff Reports				
A.	Attorney			
B.	Engineer			
C.	District Manager's Report			
	i.	Action Items Lists			
	ii.	Approval of Check Register			
	m.	Balance Sheet and Income Statement			
	iv.	Status of Direct Bill Assessments			
	v.	Presentation of Arbitrage Rebate Calculation Reports		
Other				
	Business			
Supervisor's	Requests			
Next Meeting Date			
Adjournment			

The  second	order	of	business	is	the	Public  Comment  Period  where  the	public	
opportunity	to be heard on propositions coming before the Board as reflected on the	
and any other items.							

has an agenda,

The third order of business is the approval minutes are enclosed for your review.

of

the

minutes

of

the

August

9,

2018

meeting.

The

The fourth order of (MSA). A draft copy

business is the of the agreement

consideration of will be provided

the Management Services under separate cover.

Agreement

The fifth order of business is Staff Reports.	Section	
presentation and discussion of the action items lists.	

1 of the	District Manager's Report is the	
Copies	of the lists are enclosed for your	

review.

Section

2

includes

the

check

register

for

approval

and

Section 3

includes

the

balance

		\						
sheet and income statement for your review.	Section 4 is the discussion	of the	status	of the		
direct bill assessment	the direct bill information	is enclosed for your		
review.	Section 5 is	collections.  A table with				
		the presentation of the arbitrage rebate calculation reports	for the	Series		
2015A, 2015-1, 2015-2	& 2015-3 bonds.  The reports are enclosed for your review.				

The balance of the agenda will questions, please contact me.

be

discussed

at

the

meeting.

In

the

meantime,

if

you

have

any

Sincerely,

fl-~

?s

' -

George
District

S. Flint

Manager

Cc:

Jan Carpenter, District Counsel
Steve Boyd, District Engineer

Enclosures

M INUTES

MINUTES OF MEETING REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

The  regular  meeting  of the  Board  of Supervisors	of the  Reunion	
Development District was held Thursday, August 9, 2018 at	1:00 p.m. at the	
Community Center, 7715 Heritage Crossing Way, Reunion, Florida.	

East  Community

Heritage Crossing

Present and constituting a quorum were:		
Carlton Grant	Chairman	
Mark Greenstein	Vice Chairman	
Steven Goldstein	Assistant Secretary	
Don Harding	Assistant Secretary	
John Dryburgh	Assistant Secretary	
Also present were:		
George Flint	District Manager	
Andrew d' Adesky	District Counsel	
Steve Boyd	District Engineer by phone	
Alan Scheerer	Operations Manager	
Clayton Smith	GMS	
John Cruz	CWS Security	
Rob Stultz	Yellowstone Landscape	
Josh Suriano	Yellowstone Landscape	
FIRST ORDER OF BUSINESS	Roll Call	
Mr. Flint called the meeting to order and called the roll.	

SECOND

ORDER

OF

BUSINESS

Public Comment Period

Mr. Decker:

I

have

lived here about eight years

on

the East side.  The problem I want to

bring up is excessive speeding.	I have talked to a few others here about it and I think we have a	

solution that might help but I want to go back to why I think it is a real problem now. people are cutting through here because of the 1-4 backup, we are getting people cutting who are in a hurry, we are getting more people who are building and we are getting more We talked about solutions and how to stop speeders and one is called the County

I think through renters. police.

August 9, 2018	Reunion East CDD		

Unfortunately, we have a situation with speed bumps and it penalizes everybody

people and I'm

who not

are here sure they

once a will do

week. that, so

We

that

talked is not

about a real

option.  We thought about speed signs and slowing people down.

Human

nature is when you see

one of these you look to see how fast you are going, it seems to be a tool does work.  We can slow people down and hopefully, they slow down on A resident:  A high percentage of those speeders are renters.

that is less invasive that their own.

TIDRD

ORDER

OF

BUSINESS

Approval
Meeting

of

the Minutes

of

the July 12, 2018

On MOTION by Mr. Harding seconded by Mr. Goldstein with all in	
favor the minutes	of the July 12, 2018 meeting were approved as	
presented.		

FOURTH ORDER OF BUSINESS		Consideration	of	Management   Services		
						
		Agreement (MSA)			
Mr. Flint:  This is the proposed agreement between the CDD and the Resort for the Resort		
to operate this facility and the horse stables.  We transmitted a draft of that to Daniel Baker, I		
touched based with him last week and we are waiting for comments back from the Resort on that		
agreement.  Daniel is unable to be at this meeting and is asking for a follow-up call next week so		
Mark and I will follow-up with him.	Unfortunately, we don't have any new information on that.		
			
Mr. d' Adesky:  We still need to run it by our Tax Counsel but before we can do that, we		
need to have all the business terms in place.  All those numbers need to be completed before we		
do our analysis.						
Mr. Flint:  We will bring that back to the next meeting and Mark and I will follow-up		
with Daniel Baker in the meantime.  Once we get those blanks filled in we will also get it to		
Andrew so they can run it by Tax Counsel.					

FIFTH ORDER

OF

BUSINESS

Public Hearing

A.

Consideration of Resolution 2018-02 Adopting the Fiscal Year 2019 Budget and Relating to the Annual Appropriations

Mr. Flint: There are two public hearings, the first one is to consider adopting the Fiscal Year 2019 budget and the other is to consider imposing assessments related to the budget. Mr. Boyd joined the meeting by telephone conference at this time.

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August 9, 2018	Reunion East CDD		

Mr. Flint:  We will open the public hearing and ask ifthere is any public comment on the		
proposed Fiscal Year 2019 budget or the resolution.					
As far as the budget process goes the CDD has to approve what is called a proposed		
budget by June 15	th	of each year, that is a preliminary budget and that was done in the spring and		
				
as part of the approval of the proposed budget they set the date, time	and	place of the public		
hearing, which they set for today.  There is no proposed increase in the	per unit assessments,	if		
there were then a first class mailed notice would have to go out to all	the	landowners.  Since		
there is no proposed increase the noticing	requirements involve two notices	put in the Orlando		
							
Sentinel	21 and 14 days in advance of today for the public hearing.  The proposed budget that is		
included	contemplates that the per unit assessment amounts would remain the same as they are in		
			
the current year.   The major expenses of the District are fairly  level, administrative expenses		
have only increased slightly by about $1,500.  The maintenance expenses are going down in this		
budget and the reason is because there is	a cost share agreement between Reunion East and		
Reunion West based on platted lots so as additional lots are being platted in West the percentage		
that  East  pays  of the  shared  costs  is  going  down  and  the  result  is  reducing  Reunion  East		
maintenance budget.  Next year we are going to be looking at both Districts as the balance of the		
undeveloped property is starting to get better defined.  I know for the property that runs along 1-4		
right now there are some preliminary development plans for how that would be built out.  The		
densities are lower than what was initially contemplated and going into Fiscal Year 2020 we will		
be looking at all that to  see what impact that may or may not have on East.   The budget is		
available	online on	the  District's website  and there  are  copies  in the	back of the  room.	If		
anybody has any questions on the proposed budget now would be an opportunity to provide		
comment.  Hearing no public comment, we will bring it back to the Board for discussion.			

On

all

MOTION by Mr. in favor Resolution

Greenstein seconded by Mr. Dryburgh with 2018-02 was approved.

B.	Consideration  of  Resolution  2018-03  Imposing  Special  Assessments  and

Certifying an Assessment Roll Mr. Flint: Next is the public hearing to impose the assessments associated with the

budget

you

just

adopted and there are two exhibits to the resolution, one is the adopted budget

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August 9, 2018	Reunion East CDD		

and the other is the assessment roll that lists amounts. Are there any public comments on the

the specific properties

resolution adopting the

and the per unit assessment

assessments?

of

Hearing no public comment, we will bring it back to the the Resolution? There being, none,

On MOTION by Mr. Greenstein seconded by Mr. in favor Resolution 2018-03 was approved.

Mr. Flint:  We will close the public hearings.

Board.  Is there any discussion

Harding with all

SIXTH ORDER OF BUSINESS	Consideration	of	Extension	of	the		
							
	Landscape/Grounds Maintenance Agreement		
	with Yellowstone Landscape				

Mr. Flint:

This

is

an

extension

of

the landscape maintenance contract with Yellowstone.

The contract				
		extension is merely extending the term of the		
				agreement 12 months, all other terms		
of	the	agreement  would  remain the  same  including  price  and  this  would  extend  it through		
				
September 30, 2019.  It has a 30-day termination		
				provision without cause in the event there is an		
issue that provision can be exercised by the Board.		
		On MOTION by Mr. Harding	seconded by Mr. Goldstein with all in		
		favor the 12-month	extension			
				of the landscape/grounds maintenance		
						
		agreement with Yellowstone Landscape was approved.		

SEVENTH

ORDER

OF

BUSINESS

Consideration	of  Proposal  from	
Protective  Services  for  Addition	of	
Free Transponder System		

Benham

Hands-

Mr. Flint:  Next is a proposal for a transponder system for gate access.		
Mr.	Scheerer:	It was suggested that some residents are not in favor of continuing the		
				
Prox cards and having to roll down their window when there are so many other options available.		
John obtained a			
	proposal to come in with an RFID reader system similar to when you go through		
the  toll  booths  on the  parkway  and  turnpike  and  that  proposal  was  included  in the  agenda		
package for			
	consideration.  It appears that they are looking at five gate locations, I don't know		
that we need five gate locations.  We have the Excitement Drive gate, a gate at Carriage Point		

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August

9,

2018

Reunion East CDD

and the three manned gates here within the	community.  We really don't need one at Carriage		
							
Point.  There is no security at the Excitement Drive gate either, but it is a gate that you can just		
pull up and access.					
	Mr. Greenstein:  Can someone refresh my memory as to why Carriage Point, when you		
pull up the gate opens?					
	Mr.		Scheerer:  One of the reasons is it is not	connected internally to the Resort.   The		

reason we were able to make the Excitement Drive gate a resident only gate is because you have		
other access points.					
	Mr. Harding:  Four gates would reduce the cost to something else, right?		
	Mr. Cruz:  By about $2,000 plus the amount of material it would cost to set up that gate.		
It wouldn't reduce it by much.					
	Mr. Harding:  What about another quote?			
	Mr. Cruz:  I can get another quote.	I will see what ACT can provide.		
	Mr. Goldstein:  Can you get two more quotes?  We are spending this much money and I		
would like to see more quotes.					
	Mr. Greenstein:  Standard procedure is to try to get three quotes.		
	Mr.  Dry burgh:   You  could  bring  the  quotes  for  the  cost  per  gate  and  the  cost per		
transponder.						
	Mr. Scheerer:  This one includes 1,000.			
	Mr. Cruz:  The cost of transponders is about $10.75 each.		
	Mr. Dryburgh:  Do we sell these to the residents?		
	Mr. Flint:  The Board would have an option on how you do that.  Some communities we		
provide a certain number at no cost and if they lose them or they are replaced they have to pay it		
or if they want more they have to pay.  You could have a policy that you provide two per house		
and	anything more than that they would have to pay the addition or if they were damaged or you		
			
could provide them all for free or you could charge for all of them.  It is a policy decision.  How		
do we handle rentals now?  Do they have to come through the guest spot?		
	Mr.	Goldstein:  That is not true because most people who rent their homes just leave their		
				
key.								
	Mr. Cruz:  With this system it eliminates people handing over their cards to whoever or		
vendors, to their renters.					

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August 9, 2018						Reunion East CDD		
										
	Mr.  Greenstein:   The Master controls the	issuance of the Prox cards  because we lost		
									
control	of	Prox cards and they were in the hands	of the wrong people so they basically cleared		
the system and reissued new Prox cards that were basically	property connected.  My opinion is a		
										
short-term renter is	basically a resort guest and I	would not give any kind of access card other		
							
than a temporary one to a renter.  The CDD pays its security, we also pay for security through a		
master	assessment, the different pieces of things.  The guardhouses are CDD property but a lot of		
			
the administration is through the Master Association so there is something to be said about joint		
funding or discuss it with the Master and doesn't keep the burden solely on us.  Some people		
might say this is a luxury, you can't roll down a window and swipe a card.  I'm inconvenienced		
now because of	other people coming through the  West  gate because they  are waiting as  of		
yesterday the reader on the West side got hit by lightning or whatever and it is out.  That is why I		
said let's discuss this in detail on the East side because there are a lot of pieces to it and we will		
handle it in the West because West usually goes along with East.  I think we do need to bring		
David Burman and the Master Association into the equation for us to review this subject jointly.		
	Mr.	Dryburgh:  It won't stop us from getting three quotes.		
				
	Mr.  Greenstein:	Not at all.	I can see a	permanent resident have it but that is what		
happened to the Prox cards.  The Master issued a Prox card to the owner of the property, we lose		
control when that owner gives it to somebody else where this system is tied to the vehicle.		
	Mr.	Scheerer:  It is an antenna that ties into the system and reads the card.		
				
	Mr. Harding:  All this does is make it convenient for the permanent property owner.		
	Mr. Cruz:  It	speeds up the time going through the gate.  People who are already using it		
are going to come through a lot faster.  Our backups are getting worse at the gates.		
Mr.	Scheerer:  To clarify one thing, the card reader system was installed and paid for by		
				
the Master.  Those systems were not	installed by the CDD	so any repairs that are necessary for		
									
those card readers goes back to the HOA.				
Mr.	Greenstein:	I think what	we are talking about from a system standpoint if you can		
						
provide us with	additional bids and we need to talk to the Master about this subject.  We can		
					
probably support funding from either source.				
Mr.	d' Adesky:  From our side we would have to have a policy in writing on how this is		
going to be applied and	if there is any fee involved, such as	charging someone for replacement or		

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August 9, 2018	Reunion East CDD		

you want to charge			
	everybody it is up to the Board to decide that but if you decide		
fee you have to go through a rulemaking hearing to establish that.		
Mr.  Greenstein:   That is another reason it is easier through the Master.		
Master covenants already have		
		schedules for mailbox keys, all kinds of things.		
Mr.	Goldstein:	If the Master did the Prox cards it makes sense to let them		
				
the upgrade.			
Mr. Greenstein:	If you		
		designate me I will talk to David Burman about it.		

there is to be a

I believe the

also deal with

EIGHTH A.

ORDER OF BUSINESS	Staff Reports	
Attorney		

Mr.	d' Adesky:  We	received an update from the trustee		
				
shortly to LRA's letter.  They anticipated getting something back		
I believe Alan still owes me some parcel information and		
Mr.	Flint:  We have costs today and I think the idea was		
include some additional detail.		
Mr.	d' Adesky:  Then I will defer.		

that they would be responding to us but had some issues. I will distribute demand letters. that those letters were going to

B.	Engineer

Mr. Boyd:	I don't have any new information.	I made a report on the status of the signal		
during the Reunion West meeting and the information is the same.		
We did receive a notice from the Central Florida Expressway Authority about the next		
workshop	scheduled for 2:00 p.m. August 15	th	for the	Poinciana connector project.  Right now, it		

							
looks like they are moving forward with a PD&E on how they would connect to 532 and the		
remaining link of	how they get to 1-4 is going to be studied in more detail later.  I will attend that		
meeting and report back to the Board.					

C.	Manager

i.

Action Items List

Mr.	Scheerer:	Let's tackle the allocation		
				
and Robert are here today, and the last page of the		
sections. The cost to remove the Bahia Grass and		

of costs. With the help of Yellowstone, Josh handout is a map indicating that there are five replace it with Bahia Grass is outlined in the

7

August

9,

2018

Reunion East CDD

proposal per section so each Supervisor should have five sections, two proposals for each, one is		
to retrofit the irrigation and install Bahia Grass and the other is to tear out all the plant material		
and just hydroseed the Bahia in place.			
Mr. Greenstein:  We had to go through this to show anyone who reads our minutes or		
cares what we do that we are looking to assign costs to the folks who are benefiting from that		
cost.  In all fairness they weren't here, these entities across the street didn't even exist when this		
landscape material was installed.  Now we are trying to get them to recognize they should be a		
good neighbor and					
	contribute to the maintenance of that property.		
Mr.  d'Adesky:   We have  been working  on this  for  a year and  a half.   We have  an		
agreement with the County to				
		maintain the right of way on 532 and portions of 545 and we are		
trying to reduce those costs.  We went to the County and they told us we will give you some		
money  and there  was	a change in the	leadership and now they  are not going to contribute.		
						
Osceola County had sent demand letters also to the parcel owners on the Polk side and got no		
response and now we are trying to do it ourselves to see if we can get anything from those folks.		
Otherwise the Board has been looking at ways to save money on those right of way costs all the		
way to I-4.						
Mr.	Harding:  If you spent the $40,000 what does that do to reduce the total annual cost		
			
of $170,000+?  What is the				
		payback?  How long would it take us to pay back the $40,000?		
Mr. Flint:  What is the reduction in the annual		
				maintenance cost as a result of eliminating		
these sections?					
Mr.  Stultz:  We	don't have the exact total of the area on that the Polk Line  side but		
looking at it, it would reduce it in half.			
Mr. Dry burgh:  On this	proposal if you select 5 and 4 and you rip them out can you tum		
					
those sections back to the County?			
Mr.  d'Adesky:   We  could write	a letter to  them  and  say  we  are turning the  section		
between I-4 and come up with some marker for instance parcel 4 and say we are turning that		
back to you and we will	maintain the rest .to our standard as agreed to.		
				
Mr.	Dryburgh:  Just tum 5 back over to them and go back to the property owner and say		
			
you will notice the high quality currently and we are turning this over to the original, you sure		
you don't want to talk to us about the area in front of your place and the County saying, you		

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August 9, 2018						Reunion East CDD		
									
initially said you would share it and now you won't so you are getting this section and over time		
you might get all the rest.  You sure you don't want to discuss this?			
Mr. Greenstein:  Not having any specific knowledge, not having seen any plans, it sounds		
like there will be development in	"Quonset Hut" city.  That property that parallels the 1-4 on		
					
ramp on back within the next 12	to  18 months I won't be surprised if Encore develops that		
property and it could be a combination and not just	commercial.	It could be residential in the		
									
back and could be		that is the case that is part of our front door then you leave it		
	Reunion and if			
alone.									
Mr. Dryburgh:  Unless the decision is reached that the whole front door is not worth		
$170,000 a year for the people who live here.					
Mr. Greenstein:  When you cross the road into ChampionsGate it has a particular look		
and when you cross the road people think this side of the road is Reunion and the other side of		
the road is	ChampionsGate.  I like the idea of going back to the County.  Not the same person but		
			
the office made a deal with us and they reneged on it.				
Mr.	Harding:  At the same time why not go back to those properties on 5 and 4 and say		
			
the same thing?								
Mr.	Flint:  4 is the apartments.						
Mr.	Greenstein:  More or less in front of 5 is going to be Reunion development.		
			
Mr.	Flint stated:  We are just talking about the south side of	the road.		
Mr. Scheerer:	I found the document that was provided to the Board the overall cost for		
the median on the north and south side was	$173,000.  The south side alone makes up 16% of the		
						
overall contract at $27,733.  The center median is $41,598.			
Mr.	Goldstein:	We are talking about almost $70,000.			
									
Mr.	Flint:  I think we were just talking about the south side, that is a ten-year payback on		
the Bahia sod and it would be something less than that on the hydroseed.		
Mr.	Greenstein:  We can table it and try to	go back to the County to rework the deal.  I		
				
don't think	we want to entertain going backwards	aesthetically and spending significant dollars		
							
that we can't recoup within a reasonable period oftime.			
Mr.	d' Adesky:	Do you want me to send a demand letter for these costs for each of the		
parcels?									

Mr.

Greenstein:

I have

no

problem with that.

9

August 9,	2018	

Mr. d' Adesky:  We will update the demand and see ifwe get anything.

Reunion East CDD

SafePace						
Mr. Scheerer:  The next item for consideration is an item that was brought up at the West		
meeting and that is the installation	of some LED radar feedback signs.  We have a resident who		
spoke during audience comments about speeding and					
		excessive speeders.  In front of you today		
are two options for solar powered LED radar					
		enforcement signs.  One has been recommended is		
the SafePace 600 15-inch variable message sign with solar panel.  A couple things we may want		
to consider with this sign is the SafePace Bluetooth or SafePace cloud bundle.   You can take		
your laptop if you don't do the bundle cloud based you can change the message that is displayed		
and download all the data as well.  The other option is a cloud based package that allows security		
or myself	or whoever  is  going  to	be  in charge  of this to	remotely  collect  data,  change the		
						
message, change the speed limit and it is $5,363.12.  We initially discussed five locations with		
this option or option 2, which is the SafePace 100. There are two differences in this one, one is		
the display is only 11-inches instead of 15-inches and two the message is fixed so you wouldn't		
be able to change the message but you could opt to have the	Bluetooth where you go in, hook up		
						
your computer,						
	download all the data or you could do the cloud based where you can manage it		
remotely.							
Are you interested in doing signs?  Which sign do you want?  Which locations would you		
like to see the signs in?  I can go back and get a definitive quote.			
Mr.						
	Harding:  There is an option to do a test and have			
				that at the waterpark and see what		
happens.  What were the recommended locations?					
Mr.	Scheerer:  Two on Grand Traverse, one in the	waterpark, and it was suggested at the		

East meeting  that we  needed  one	on Excitement Drive  and  one  on Reunion Boulevard.	In		
talking  with John  Cruz he  feels  there are enough "S"	curves  along  Reunion  Boulevard that		
minimizes the speed so maybe we don't need to look at one of those locations.  We can have two		
on Grand Traverse, one at the waterpark and if you wanted to do a fifth on Excitement we can do		
that.							

Mr. Greenstein:  Are we agreeing to a test?		
Mr.	don't think we need a test.		
Harding:  I			
Mr.	Why couldn't we arrange		
Greenstein:			

They are very effective. for a demo?

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August 9, 2018	Reunion East CDD		
				
	Mr. Flint:  No, you have to buy it.			
	Mr. Greenstein:  It is behavior modification.  Normally you want	to see it have an effect.		
I'm	sure the  vendors  are  going to  have  all  kinds  of information to  support the  use  of their		
product.			
	Mr. Goldstein:  I'm sure if we call the sheriff in Osceola County	he would jump on this		
and say it is going to help.			
	Mr. Greenstein:  If these were a little less expensive and we deployed them as need be,		
not	on a fulltime basis.			
	Mr. Scheerer:  I think you can accomplish that for a minimal cost.	You can get your data		
and over time you can see if there is a drop in that speed.  You can move them from location to		
location.  You can add the data package that I recommend you do regardless of which option and		
download the information to your computer.  Do you want the one you	can change the text on		
the unit or do you just want fixed language?			
	Mr. Greenstein:  How are we going to fund this?			
	Mr. Flint:  We have reserves adequate to fund this.			
	Mr. Harding:  What about an amount not to exceed and get other quotes?		
	Mr.  Scheerer:  The original quote from Grainger was $9,000, Fausnight Stripe & Line		
and their quote for five installed was $45,000.  This is a great deal with SafePace.  I went back to		
the				
manufacturer and explained we are a government entity, we shouldn't have to be subject to		
any	of the markup.			
	Mr. Greenstein:  What we said on the East side was we would ratify what you approved.		
	Mr. Flint:  We won't wait, we will just bring it back to them to ratify.		
	On MOTION by Mr. Goldstein seconded by Mr. Dryburgh with all		
	in favor the proposal for the SafePace 100 Option 1 data package		
	for five  units was approved locations to be two at the waterpark,		
	two on Grand Traverse and one on Excitement Drive.			

Mr. Flint:	I think the	
Excitement Drive.		
Mr. Scheerer:  Those	
quote and it was $17,000 so	

only action item we	didn't talk about was the rapid arm gates on	
were approved at the last meeting.	I was asked to get a second	
I approved the ACT	quote for about $11,000 and they are in the	

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August

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2018

Reunion East CDD

process of getting it in their queue. Do you want the gates in front of the exit gate on the inside? I gave two options. One was the barrier gate would come up so when you are leaving the swing arm gate would open and then you would have barrier gates on the outside lane. I think that was the option a lot of you thought was best. If you are exiting you have the barrier gate, that opens, the swing arm comes open, you go out and the barrier gates close and they are internal as opposed to external. Mr. Dryburgh: Is there a camera there? Mr. Cruz: We have four or five there. There is one that focuses on who is driving the vehicle, there is one that will get the plate, there is one that looks from the outside in on the exit side and on the opposite side from the outside in. We have an excellent view of that whole scenario. Mr. Goldstein: Doesn't it make more sense to have the arm to come up first then close behind you? Mr. Flint: Yes. Mr. Scheerer: I will make sure.

ii.

Approval

of

Check Register

On MOTION by Mr. Greenstein seconded by all in favor the check register was approved.

Mr.

Dryburgh with

iii.

Balance Sheet and Income Statement

A

copy

of

the balance sheet and income statement were included in the agenda package.

iv.

Status

of

Direct Bill Assessments

A

copy

of

the direct bill assessment report was included in the agenda package.

v.

Approval

of

Fiscal Year 2019 Meeting Schedule

12

August 9, 2018                                                                                       Reunion East CDD

On MOTION by Mr. Greenstein seconded by Mr. Harding with all in favor the Fiscal Year 2019 meeting schedule indicating meetings on the second Thursday of each month at 1 :00 p.m. at the Heritage

Crossing Community Center was approved.

NINTH ORDER OF BUSINESS	Other Business

There being none, the next item followed .

TENTH

ORDER

OF BUSINESS

Supervisor's Requests

A resident:  At the terraces we have two areas that are used by lots of people for parties,	
weddings, birthday parties and there is no reservation system for the COD to rent those out.  It	
has been going on for years.  Every weekend someone has a party.	It is not solely Terraces	
people, people from inside and outside Reunion, security is being called all the time to verify	
who  is an owner, renter, guest and so on.   This past weekend we had an issue  and I called	
security.  They set up for a wedding inside the gazebo, took down the tape, there were at least 40	
chairs with bows on the end of the chairs, tables set up with food and drinks.  It	was a long-term	
renter at the Terraces and she said can we use the swimming area and we said	if they are your	
guests, you are responsible for them and she said she was not staying.  There were 60 people	
wanting to spend the night at the pool and the renter was not going to be there.  Security asked if	
she had permission to hold the wedding there and she said I called Karen two weeks ago and she	
did call me and said she wanted to  have a baby  shower for  a friend  and I	said there is no	
reserving and no rental of that area and I gave her the other options.  She said the baby shower	
was on Sunday.  She had another party on Sunday.  Can't we have signs, no private parties?	
Mr. Greenstein:  Don't all CDD facilities have non-resident user fee?		
Mr. Scheerer:  They do but it is posted on the entrance to the swimming pool.	
Mr. Greenstein:  We need another sign or we need it posted somewhere.  We impose a	
non-resident user fee.  If people don't want to pay the fee they are trespassing and have no legal	
right to be there.  It is a security issue.			
Mr. Dryburgh:  If you have 60 people coming over for a wedding that is not approved by	
anyone then call the police.			
Mr. Flint:  I suggest calling security and they can call the police.			

13

August

9,

2018

Reunion East COD

	Mr. Greenstein:  They are trying to legalize their attendance there by extension through a	
renter.  A phone call about one thing that turns out to be another means they are manipulating the	
system.  That is why there are procedures in place.  When we first put the user fee in effect we	
made up the brochures that had the application procedure and security would hand that to the	
person.						
	Mr. Cruz:  First we would establish if they live here.  As far as if they are having an event	
we are going to call and say are these guys okay to have whatever it is.		
	Mr. Harding:	How many people can an owner have at a party?  Can they have 75 people	
at a party at this place?		
	Mr. Flint:	We	haven't set limits on that.		
	Mr.	d' Adesky:  Some Districts have event use policies and we have that approved by the	
Board,	we have them sign an indemnity, there is an insurance clause and we can do that here.	
	Mr. Flint:	We haven't formalized those policies because there hasn't been a need to do	
that.  I	don't care what rules we draft the person who is lying about whether it is their brother's	
wedding  or	not,	you	are  going to have those  situations and that is why we  have  security to	
address	it.	We	can	do  amenity  policies  that  set  guidelines  as  far  as  how  many  guests  per	
homeowner or non-resident you can have.  Up to this point it hasn't been an issue so I think the	
feeling is if	there	isn't an issue why put a structure in place to address a problem that is not there.	
Terraces I think is the only facility that has a gazebo but anyone who is a resident or	non-resident	
user in Reunion can go to the Terraces pool or use that gazebo just like anyone in	the Terraces	
can go to Homestead	or Seven Eagles, everyone has access to everything.  If it is someone who	
is not authorized to use it we have to address that and if we are having an issue with number of	
guests per resident then you can set limits on how many guests.  We have plenty of	examples of	
policies.					
	Mr. Harding:  Why don't you bring that to the next meeting and we can have it published	
through the	HOA and send it out and say this is the policy.		
	Mr. Flint:  That will give John and his people something they can use to enforce.	
	Mr. d' Adesky:	I will provide that to you.  I won't draft anything.		
Mr. Harding:  Then we can see ifwe want to adopt it.		
Mr. Scheerer:  We will replicate the non-resident user fee sign and put them in selective	
locations.					

14

August 9, 2018

ELEVENTH ORDER OF BUSINESS	Next Meeting Date

Reunion East CDD

On MOTION by Mr. Harding seconded by in favor the meeting adjourned at 2:33 p.m.

Mr.

Greenstein with all

Secretary/Assistant Secretary	ChairmanNice Chairman	

15

SECTION

IV

This

item

will

be

provided under

separate

co

v er

SECTION

V

SECTION

C

SECTION

1

Reunion East

	Meeting	-		
Item#	Assigned			
		Action Item		

1	3/14/11   Irrigation Turnover

2	2/12/15   Signalization of Reunion Entrance

3	3/16/17   Allocation of 532 Costs

Assh:med To:	Date Due	Status	
Developer		On Hold	
Boyd		In Process	
Scheerer/d'Adesky		In Process	

Comments		
Issue on Hold Pending CUP		
Neqotiation		
TCD Advised Mast Arm Estimated to	
be Delivered by 9/1/18 and Signal		
Operational in Mid-October		
Proposals from Yellowstone		
presented at August meeting.		
Counsel to Send Demand Letters	for	
Costs to Each Parcel Owner.		

	Amendment to MSA to Incorporate	
	Heritage Crossing Community	
4	1/11/18   Center & Horse Stables	
	Price New Rapid Arm Gates on Exit	

5	6/14/18   Side of Excitement Drive

6	7/12/18   Replace Sign at Sinclair Entrance

Resort/Flint

Scheerer

Scheerer

In Process

In Process

Completed

Updated Draft Agreement on September Agenda Proposals Approved and Deposit Issued to Vendor. Arms estimated to be installed within 60 days.

Meeting

Item#  Assianed	Action Item

Reunion West

Assigned To:	Date Due	Status	Comments

1	8/11/16	Siqnalization of Reunion Entrance	
		Installation of Neighborhood	
2	1/11/18	Monuments	

Boyd

Scheerer

In

In

Process

Process

TCD Advised Mast Arm Estimated to be Delivered by 9/1 /18 and Signal Operational in Mid-October Easement agreements & UCC Group Agreement approved at August meetinq.

revised 9/6/2018

Ref

#

1 2

Notes & Action Items

Description

Pavers around pool need to be leveled Landscapin11 around buildinq is over grown

Target

Date

21-Mar 21-Mar

Reunion Resort & Club				
Seven Eagles Cove CDD Action Items Punch List				
Responsible	Status/Notes/Next Steps	Completed	Comments		
					
Partvl s)		Date			
					
J. Reid	on-9oing		Proposal Received - Pending Approval		
					
Yellowstone	Landscapini:i needs to be replaced in serval areas		Targeted for September/October		

SECTION

2

Reunion East

Community Development District

Summary of Check Re gister

August 1, 2018 to August 31, 2018

I	Fund		
			
General Fund		

Replacement & Maintenance

Payroll

Date	
8/2/18	
8/7	/18	
8/9/18	
8/14/18	
8/21/18	
8/28/18	
8/9/18	
8/14/18	
August2018	
Carlton Grant III	
Donald Harding	
John Dryburgh	
Mark Greenstein	
Steven Goldstein	

CheckNo.'s 4013-4021 4022 4023-4030 4031-4035 4036-4042 4043-4049

49-50 51

50435 50436 50437 50438 50439

$ $ $ $ $ $

$

$ $

$

$ $ $ $ $

$ $

Amount		
78,877.36		
7,719.58		
31,290.95		
8,551.35		
36,611.58		
56,440.33		
219,491.15		
31,932.00		
5,792.50		
37,724.50		
184.70		
184.70		
184.70		
184.70		
184.70		
923.50		
2ss,139.1s	I	

AP300R *** CHECK

DATES

08/01/2018

-

YEAR-TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER
08/31/2018  ***	REUNION  EAST-GENERAL  FUND
BANK  A REUNION  EAST  CDD

CHECK

REGISTER

RUN

9/06/18

PAGE

1

CHECK	VEND#	
DATE		
8/02/18	00095	

..... INVOICE . ..•.•.. EXPENSED	TO...	SUB	VENDOR	NAME		
DATE	INVOICE	YRMO	DPT	ACCT#		SUBCLASS			
7/25/18	Sl03248	201807	320-53800-57400				
7/25/18	INST.BOLT/RPLC	CTRL	BOARD					
	Sl03248	201807	300-13100-10100				
	INST.BOLT/RPLC	CTRL	BOARD					

STATUS	AMOUNT	•••• CHECK ..•.•		
		AMOUNT	#		
*	757.48				
					
*	504.98				

8/02/18	00129	

- - -	-	- - -	- - - -	ACCESS		
				- - - - - - - -		
7/25/18		4317	201807	320-53800-46200		
7/25/18		INSPCT/RPR  PAVERS  CARR.PT		
		4317	201807	300-13100-10100		
7/25/18		INSPCT/RPR  PAVERS  CARR.PT		
		4318	201807	320-53800-46200		
7/25/18		INST.FLUSH  VALV/LEVER  KIT		
		4318	201807	300-13100-10100		
7/25/18		INST.FLUSH  VALV/LEVER  KIT		
		4319	201807	320-53800-46200		
7/25/18		RPLC	LGHT  FIXTR/SWTCH  TMR		
		4319	201807	300-13100-10100		
		RPLC	LGHT  FIXTR/SWTCH  TMR		

CONTROL

TECHNOLOGIES,	INC .

-	-	-	-	-	-	- -	-	-	-	1,262.46	004013		
										- - - -			
*						258.00						
													
*						172.00						
													
*						231.00						
													
*						154.00						
													
*						231.	00						
													
*						154.00						

8/02/18	00134	
8/02/18	00119	
8/02/18	00163	

8/02/18	00054	

- - -	-	- -	- -	- - -	- - - -	BERRY	CONSTRUCTION	INC.			
						- - - -							
8/02/18		1987		201807	310-51300-31100							
		REV	AGDA/PREP  RPT/CDD	MTG							
- - -	-	- -	- -	- - -	- - - -	BOYD	CIVIL  ENGINEERING			
						- - - -							
7/23/18		81875		201806	310-51300-31500							
		MTG/LRA	PROPERTY/ASSESSMT							
- - -	-	- -	- -	- - -	- - - -	LATHAM,SHUKER,EDEN	&	BEAUDINE,LLP		
						- - - -							
7/15/18		1429		201807	320-53800-47500							
7/15/18		PRESS.WASH-SPRKLNG  CT/ANK							
		1429		201807	300-13100-10100							
7/16/18		PRESS.WASH-SPRKLNG  CT/ANK							
		1430		201807	320-53800-47500							
7/16/18		PRESS.WASH-WATSON  CT								
		1430		201807	300-13100-10100							
7/17/18		PRESS.WASH-WATSON  CT								
		1431		201807	320-53800-47500							
7/17/18		PRESS.WASH-TER.POOL  SDWLK							
		1431		201807	300-13100-10100							
		PRESS.WASH-TER.POOL  SDWLK							
						PRESSURE  WASH	THIS					
12/29/17		2018AUG	201808	320-53800-34500							
12/29/17		SECURITY	SERVICES  AUG18							
	2018AUG	201808	300-13100-10100							
		SECURITY	SERVICES  AUG18							
						REUNION  RESORT	&  CLUB	MASTER	ASSOC.		

-	-	-	-	-	-	- - -	-	-	1,200.00	004014		
									-	- - -			
*						450.00							
													
-	-	-	-	-	-	- - -	-	-	-	450.00	004015		
										- - -			
*					3,701.04							
													
-	-	-	-	-	-	- - -	-	-	3,701.04	004016		
									-	- - -			
*						449.52							
													
*						299.68							
													
*						243.12							
													
*						162.08							
													
*						438.48							
													
*						292.32							
													
-	-	-	-	-	-	- - - -	-	1,885.20	004017		
								-	- - -			
*					7,000.00							
													
*					4,666.66							
													
								11,666.66	004018		

REUE

REUNION

EAST

TVISCARRA

AP300R *** CHECK

DATES

08/01/2018

-

.	YEAR-TO-DATE	ACCOUNTS  PAYABLE  PREPAID/COMPUTER	
08/31/2018  ***	REUNION	EAST-GENERAL	FUND	
		BANK  A	REUNION  EAST	COD	

CHECK

REGISTER

RUN

9/06/18

PAGE

2

CHECK	VEND#	
DATE		
8/02/18	00060	

...•• INVOICE •.•...•. EXPENSED	TO...	VENDOR	NAME		
DATE	INVOICE	YRMO	DPT	ACCT#  SUB	SUBCLASS			
7/05/18	324404		201807	320-53800-46200				
7/05/18	TRBLSHT	RECIRC.PUMP/WIRNG				
	324404		201807	300-13100-10100				
7/09/18	TRBLSHT	RECIRC.PUMP/WIRNG				
	324547	SPA	201807	320-53800-46200				
7/09/18	RPLC		TIMER	TRIPPER				
	324547		201807	300-13100-10100				
	RPLC	SPA	TIMER	TRIPPER				

STATUS

* * * *

AMOUNT	
131.	40	
87.60	
102.60	
68.40	

.••. CHECK .....	
AMOUNT	#	

8/02/18	00154	

- - -	-	- -	- - -	- - -	- - -	- - -	SPIES	POOL	LLC		
							-				
8/01/18		7035	201808	320-53800-48000				
8/01/18		LANDSCAPE	CONSULTING	AUG					
		7035	201808	300-13100 -10100				
		LANDSCAPE	CONSULTING	AUG					

-	-	-	-	-	- - - -	-	-	-	390.00	004019		
									- - -			
*					1,950.00							
												
*					1,300.00							

8/02/18	00030	

- - -	-	- - - -	-	- -	SUNSCAPE		
					- - - - - - - -		
8/01/18		222843	201808	320-53800-47300		
8/01/18		LANDSCAPE	CONTRACT-AUG18		
		222843	201808	300-13100 -10100		
8/01/18		LANDSCAPE	CONTRACT-AUG18		
		222843	201808	330-53800 -47300		
		LANDSCAPE	CONTRACT-AUG18		

CONSULTING

-	-	-	-	-	- - - -	-	-	3,250.00	004020		
								- - - -			
*					32,514.51						
											
*					21,676.34						
											
*					881.15						

8/07/18	00049	

- - -	-	- - -	- - -  -		YELLOWSTONE		
				- - - - - - - -		
8/01/18		440	201808		310-51300-34000		
8/01/18		MANAGEMENT  FEES	AUG18		
		440	201808		310-51300-35100		
8/01/18		INFO  TECHNOLOGY	AUG18		
		440	201808		310-51300-31300		
8/01/18		DISSEMINATION	FEE  AUG18		
		440	201808		310-51300-51000		
8/01/18		OFFICE	SUPPLIES			
		440	201808		310-51300-42000		
8/01/18		POSTAGE				
		440	201808		310-51300-42500		
8/01/18		COPIES					
		441	201808		320-53800-12000		
		FIELD	MANAGEMENT  AUG18		

LANDSCAPE

-	-	-	-	-	-	- - -	-	55,072.00	004021		
								- - - - -			
*					3,582.08					
											
*						183.33					
											
*						416.67					
											
*						20.90					
											
*						18.00					
											
*						44.10					
											
*					3,454.50					

8/09/18	00092	

- - -	-	- - - -	- - -	- -	GOVERNMENTAL		
					- - - - - -		
7/25/18		072518	201807	330-53800-43300		
7/31/18		BALLROOM	CLEANING	JUL18		
		073118	201807	320-53800-41000		
7/31/18		HC  PHONE	LINE	4574	JUL18		
		073118	201807	300-13100 -10100		
		HC  PHONE	LINE	4574	JUL18		

MANAGEMENT

SERVICES

-	-	-	-	-	-	- - -	-	-	7,719.58	004022		
									- -  - -			
*						825.00						
												
*						33.06						
												
*						22.04						

REUE  REUNION  EAST	TVISCARRA

AP300R *** CHECK

DATES

08/01/2018

-

YEAR-TO-DATE
08/31/2018	***	

ACCOUNTS  PAYABLE  PREPAID/COMPUTER
REUNION  EAST-GENERAL  FUND
BANK  A  REUNION  EAST  COD

CHECK

REGISTER

RUN

9/06/18

PAGE

3

CHECK	VEND#
DATE

•..•• INVOICE .••••••. EXPENSED  TO...		VENDOR	NAME		
DATE	INVOICE	YRMO	DPT  ACCT#	SUB	SUBCLASS			

STATUS	AMOUNT	•••• CHECK •....	
		AMOUNT	#	

8/09/18	00074	

7/31/18	073118	201807	330-53800-41000			
7/31/18	HC  PHONE	LINE	9758	JUL18			
	073118	201807	330-53800 -41000			
	HC  PHONE	LINE	9867	JUL18			
				REUNION	RESORT		
7/31/18	171155	201807	320-53800-47000			
7/31/18	AQUATIC	PLANT	MGMT	JUL18			
	171155	201807	300-13100 -10100			
	AQUATIC	PLANT	MGMT	JUL18			
				APPLIED	AQUATIC		

MANAGEMENT,

INC.

*							55.10							
															
*							55.10							
															
-	-	-	-	-	-	-	-	-	-	-	-	990.30	004023		
												- - -			
*							77	.40							
															
*							51.60							
															
-	-	-	-	-	-	-	-	-	-	-	-	129.00	004024		
												- - -			

8/09/18	00129	

7/30/18 7/30/18 7/30/18 7/30/18 7/30/18

4320 RMV 4320 RMV 4322 RPLC 4322 RPLC 4323

201807	320-53800-53200	
LINKSIDE  SIGN/REINSTL	
201807	300-13100-10100	
LINKSIDE  SIGN/REINSTL	
201807	320-53800-46200	
RSTRM  LGHT/SWCH  TIMR	
201807	300-13100-10100	
RSTRM  LGHT/SWCH  TIMR	
201807	320-53800-46200	

*	225.00		
			
*	150.00		
			
*	462.00		
			
*	308.00		
			
*	216.00		

8/09/18	00160	
8/09/18	00092	

7/30/18		RESET	PAVER/RMV	ROOT/SAND						
		4323		201807	300-13100-10100						
7/30/18		RESET	PAVER/RMV	ROOT/SAND						
		4324		201807	320-53800-47700						
7/30/18		INSPECT  ROOF/FIX  AC	LEAK						
		4324		201807	300-13100 -10100						
7/30/18		INSPECT  ROOF/FIX  AC	LEAK						
		4325		201807	320-53800 -46200						
7/30/18		RMV/RELVL	PAVR/ROOT/RESET						
		4325		201807	300-13100-10100						
7/30/18		RMV/RELVL	PAVR/ROOT/RESET						
		4326		201807	320-53800-46200						
7/30/18		RMV/RESET	PAVER/RMV	ROOTS						
		4326		201807	300-13100-10100						
		RMV/RESET	PAVER/RMV	ROOTS						
- - -	-	- - -	-	-	- - -	- -	BERRY	CONSTRUCTION	INC.		
							- - -  - -						
7/29/18		11158		201808	320-53800-12200						
7/29/18		FACILITIES	BLDG	RENT	AUG						
		11158		201808	300-13100 -10100						
		FACILITIES	BLDG	RENT	AUG						
- - -	-	- - -	-	-	- - -	- -	CITICOMMUNITIES	LLC			
							- - - - -						
7/31/18	DUKE-DUK	201806	320-53800-43000						
		DUKE  ENERGY  #54512  29301						
							REUE  REUNION	EAST	TVISCARRA		

*						144.00						
													
*						261.00							
													
*						174.00						
													
*						267.00							
													
*						178.00							
													
*						288.00							
													
*						192.00							
													
-	-	-	-	-	-	- - -	-	-	2,865 .	00	004025		
									-  - -	-			
*					2,043.18							
													
*					1,362.12							
													
-	-	-	-	- -	- - -	-	-	3,405.30	004026		
								- - -	-			
*						244.15							

AP300R				YEAR-TO-DATE	ACCOUNTS  PAYABLE  PREPAID/COMPUTER	CHECK	REGISTER		
*** CHECK	DATES	08/01/2018	-						
				08/31/2018  ***	REUNION	EAST-GENERAL	FUND				
					BANK  A	REUNION  EAST	CDD				

RUN	9/06/18	PAGE	4	

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

AMOUNT

...• CHECK •••••	
AMOUNT	#	

-

- - - 8/09/18

- - -
00060

-

	7/31/18		DUKE-DUK	201806	320-53800-43000						
	7/31/18		DUKE	ENERGY  #64321-61161						
			RECDDREE	201807	320-53800 -46200						
	7/31/18		POOL	CLEANING	SERVS-JUL18						
			RECDDREE	201807	300-13100-10100						
	7/31/18		POOL	CLEANING	SERVS-JUL18						
			TOHO-TOH	201806	320-53800-41000						
	7/31/18		TOHO	METER#49005514	JUN18						
			073118A	201807	320-53800-41000						
	7/31/18		CP	PHONE	LINE	2365	JUL18						
			073118A	201807	300-13100 -10100						
	7/31/18		CP	PHONE	LINE	2365	JUL18						
			073118A	201807	320-53800 -41000						
	7/31/18		HS	PHONE	LINE	9325	JUL18						
			073118A	201807	300-13100 -10100						
	7/31/18		HS	PHONE	LINE	9325	JUL18						
			073118A	201807	320-53800 -41000						
	7/31/18		HS	PHONE	LINE	9385	JUL18						
			073118A	201807	300-13100 -10100						
			HS	PHONE	LINE	9385	JUL18						
-	- - -	-	-	- -	-	- - -	- - -	REUNION	-	RESORT		
								- - - - -	-	-		- - -		
	7/30/18		324999		201807	320-53800-46200						
	7/30/18		TRBLSHT/RESET  BREAKR/INSP						
			324999		201807	300-13100-10100						
	7/30/18		REBLSHT/RESET  BREAKR/INSP						
			325000		201807	320-53800-46200						
	7/30/18		RPLC	MOTR/SHFT  SEAL/0-RNG						
			325000		201807	300-13100-10100						
			RPLC	MOTR/SHFT  SEAL/0-RNG						

- -

* *

* * * * * * * *
- - - - - - - - - -
*

*

*

*

647.76 1,980.00 1,320.00 257.49

33.06 22.04 33.06 22.04 33.06 22.04

4,614.70	004027	
100.50		
67.00		
299.10		
199.40		

-

- - - 8/09/18

- - -
00117

-

-	-  -  -	-	- -  - -		
	7/25/18		5071784		
	7/25/18		TRUSTEE		
			5071784		
	7/25/18		TRUSTEE		
			5071784		
			TRUSTEE		

- -	-	- -  - - - -	SPIES	-	POOL		
			- -	-		- -		
201807	310-51300-32300					
FEES	SER.2015-1						
201807	310-51300-32300					
FEES	SER.2015-2						
201807	310-51300-32300					
FEES	SER.2015-3	USBANK			

LLC - -

- -

-  - - - - -  - - - -
*

*

*

666.00	004028	
4,000.00		
4,000.00		
4,000.00		
12,000.00	004029	

8/09/18

00030

7/31/18 7/31/18 8/01/18

222533	201806	320-53800-46500	
20  RAINBIRD/25	NOZZ/VALVE	
222533	201806	300-13100-10100	
20  RAINBIRD/25	NOZZ/VALVE	
226205	201808	320-53800-46200	
AQUATIC	SERVICES  AUG18	

* * *

269.19

179.46

3,703.20

REUE  REUNION  EAST	TVISCARRA

AP300R				YEAR-TO-DATE	ACCOUNTS  PAYABLE  PREPAID/COMPUTER	CHECK	REGISTER		
*** CHECK	DATES	08/01/2018	-						
				08/31/2018  ***	REUNION	EAST-GENERAL	FUND				
					BANK  A	REUNION  EAST	COD				

RUN	9/06/18	PAGE	5	

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

AMOUNT

. ••• CHECK .••.•	
AMOUNT	#	

8/01/18	226205	201808	300-13100-10100		
	AQUATIC	SERVICES	AUG18		
				YELLOWSTONE	LANDSCAPE	

*

2,468.80

6,620.65	004030	

8/14/18	00129	

8/06/18 8/06/18 8/06/18 8/06/18 8/06/18 8/06/18

4328 SEAL 4328 SEAL 4330 RPLC 4330 RPLC 4331 RPLC 4331 RPLC

201808	320-53800-47700	
DOOR  SEAM	AC  UNIT	
201808	300-13100-10100	
DOOR  SEAM	AC  UNIT	
201808	320-53800-46200	
LAWN  CHAIR	SCREWS	
201808	300-13100-10100	
LAWN  CHAIR	SCREWS	
201808	320-53800-46200	
MISSING  TOILET  SEAT	
201808	300-13100 -10100	
MISSING  TOILET  SEAT	
	BERRY	

CONSTRUCTION

INC.

* * * * * *

201.00	
134.00	
141.00	
94.00	
111.	00	
74.00	

755.00	004031	

8/14/18	00002	
8/14/18	00060	
8/14/18	00030	

7/23/18		3633075	201808	310-51300-48000			
7/23/18		NOT.PUB.HEAR	FY18/19	BDGT			
		3633075	201808	310-51300-48000			
		NOT.PUB.HEAR	FY18/19	BDGT			
- - -	-	- -	- -	- -	-	- -	- -		ORLANDO  SENTINEL		
								- - - -			
7/19/18		324701	201807	320-53800-46200			
7/19/18		RPR	LEAK	TERR.POOL	WTR	LN			
		324701	201807	300-13100-10100			
		RPR	LEAK	TERR.POOL	WTR	LN			
- - -	-	-  -	-  -	- -	-	-  -	- -	-	SPIES	POOL  LLC		
									- - -			
7/31/18		224931	201807	320-53800-46500			
7/31/18		SOLENOID/RAINBRD/NOZ/VALV			
		224931	201807	300-13100-10100			
7/31/18		SOLENOID/RAINBRD/NOZ/VALV			
		224947	201807	320-53800-47400			
7/31/18		INST.SOD	FILL	GAP	532	N			
		224947	201807	300-13100-10100			
7/31/18		INST.SOD	FILL	GAB	532	N			
		224948	201807	320-53800-47400			
7/31/18		INST.SOD	HC  DROUGH	STRESS			
		224948	201807	300-13100-10100			
		INST.SOD	HC  DROUGH	STRESS			

COMMUNICATION

* V

* *

* * * * * *

591.34

591.34-

137.40

91.60

927.61

618.40

1,980.00

1,320.00

486.00

324.00

.oo	004032	
229.00	004033	

7/31/18	224951	201807	320-53800-47400		
7/31/18	INST.SOD	PATRIOT  LND.POND		
	224951	201807	300-13100-10100		
	INST.SOD	PATRIOT  LND.POND		

* *

792.00 528.00

YELLOWSTONE  LANDSCAPE

REUE  REUNION  EAST	TVISCARRA

6,976.01	004034	

AP300R *** CHECK

DATES

08/01/2018

-

YEAR-TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER
08/31/2018  ***	REUNION  EAST-GENERAL  FUND
BANK  A  REUNION  EAST  COD

CHECK

REGISTER

RUN

9/06/18

PAGE

6

CHECK	VEND#
DATE

.•••• INVOICE •••..••• EXPENSED	TO...		VENDOR	NAME	
DATE	INVOICE	YRMO	DPT	ACCT#	SUB	SUBCLASS		

STATUS	AMOUNT	•••• CHECK .•••.	
		AMOUNT	#	

8/14/18	00002	
8/21/18	00129	

7/23/18		3633084	201808	310-51300-48000		
		NOT.PUB.HEAR	FY18/19	BDGT		
- - -	-	- -	- -	- -	-	- - - -	ORLANDO		
							- - - -		
8/09/18		4334		201808	320-53800-46200		
8/09/18		RPLC	LGHT  BASE	MOUNT/WIRE		
		4334		201808	300-13100- 10100		
		RPLC	LGHT  BASE	MOUNT/WIRE		

SENTINEL

COMMUNICATION

*						591.34							
														
-	-	-	-	-	-	- -	-	-	-	-	591.34	004035		
											- - -			
*						168.00							
														
*						112.	00							

8/21/18	00097	

- - -	-	- - - -		
6/05/18		79672		
6/05/18		PROPANE		
		79672		
		PROPANE		

- - -	-	-	BERRY		
			- - - - - -		
201806	,	320-53800-43200		
DELIVERY			
201806		300-13100-10100		
DELIVERY			

CONSTRUCTION

INC.

-	-	-	-	-	-	- - -	-	-	-	280.00	004036		
										- - -			
*					1,382.07							
													
*						921.38							

8/21/18	00010	
8/21/18	00011	

- - -	-	- - - -	-	- -	-	- - - -	CENTRAL		
							- - -		
8/14/18		6-274-62	201808	310-51300-42000		
		DELIVERY		08/09/18	FEDEX		
- - -	-	- - - -	-	- -	-	- - - -			
							- - -		
8/16/18		17217	201808	310-51300-31400		
8/16/18		ARBITRAGE	SERIES	2015-1			
		17217	201808	310-51300-31400		
8/16/18		ARBITRAGE	SERIES	2015-2			
		17217	201808	310-51300-31400		
8/16/18		ARBITRAGE	SERIES	2015-3			
		17217	201808	310-51300-31400		
		ARBITRAGE	SERIES	2015A			

FLORIDA  PROPANE,

INC.

-	-	-	-	-	-	-	- -	-	2,303.45	004037		
												
*							78.14					
												
-	-	-	-	-	-	-	- -	-	78.14	004038		
												
*						600.00					
												
*						600.00					
												
*						600.00					
												
*						600.00					

8/21/18	00119	
8/21/18	00075	
8/21/18	00030	

- -  -	-	-  - -	-	- - -	-  -	- - - -	GRAU	&  ASSOCIATES			
							- -				
8/15/18		82116		201808	310-51300-31500				
		MTG/ADDENDUM/LRA	DISPUTE	LATHAM,SHUKER,EDEN  &  BEAUDINE,LLP		
- - -	-	- - -	-	- -  -	- -	- - - -			
							- -				
8/15/18		66000002	201807	320-53800-47000				
8/15/18		PESTICIDE/HERBICIDE/MERPH					
		66000002	201807	300-13100-10100				
		PESTICIDE/HERBICIDE/MERPH	TEST	AMERICA			
- - -	-	- - -	-	- - -	- -	- - - -					
							- -				
8/31/18		226268		201807	320-53800-47600				
8/31/18		RPLC	PLANT  MATERIAL  JULY					
		226268		201807	300-13100 -10100				
8/31/18		RPLC  PLANT  MATERIAL  JULY					
		226543		201808	320-53800 -47400				
		INST.MULCH  532	RDWY/ISLND					
						REUE  REUNION  EAST	TVISCARRA		

-	-	-	-	-	-	- - -	-	-	2,400 .	00	004039		
									- -  -	-			
*					1,452.49							
													
-	-	-	-	-	-	- - -	-	-	1,452.49	004040		
									- - -	-			
*						707.10							
													
*						471.40							
													
-	-	-	-	-	-	- - -	-	-	1,178.50	004041		
									- -  -	-			
*						23.40							
													
*						15.60							
													
*				17,328.00							

AP300R				YEAR-TO-DATE	ACCOUNTS  PAYABLE  PREPAID/COMPUTER	CHECK	REGISTER	
*** CHECK	DATES	08/01/2018	-	08/31/2018  ***	REUNION	EAST-GENERAL	FUND			
					BANK  A	REUNION  EAST	CDD			
CHECK	VEND#									

RUN	9/06/18	PAGE	7	

DATE	••... INVOICE •••••••• EXPENSED	TO...	SUB	VENDOR	NAME	STATUS		
	DATE	INVOICE	YRMO	DPT	ACCT#		SUBCLASS				

AMOUNT

•••• CHECK •••..	
AMOUNT	#	

8/31/18	226543	201808	300-13100-10100		
	INST.MULCH  532	RDWY/ISLND		
			YELLOWSTONE	LANDSCAPE	

*

11,552.00

28,919.00	004042	

8/28/18	00095	

8/23/18 8/23/18 8/23/18 8/23/18

Sl03383	201808	320-53800-57400	
INST.NEW	BOLTS	LOOSE	GATE	
Sl03383	201808	300-13100-10100	
INST.NEW	BOLTS	LOOSE	GATE	
Sl04024	201808	320-53800-57400	
RPLC  END	FRAME/DRIVE	BELT	
Sl04024	201808	300-13100-10100	
RPLC  END	FRAME/DRIVE	BELT	
			ACCESS	

CONTROL

TECHNOLOGIES,

I NC.

* * * *

54.00

36.00

241.99

161.33

493.32	004043	

8/28/18	00129	

8/20/18 8/20/18 8/20/18 8/20/18 8/20/18 8/20/18 8/20/18 8/20/18 8/22/18 8/22/18

4339	201808	320-53800-46200	
RPLC	SHWR/COVE	HNDL/GASKT	
4339		201808	300-13100-10100		
RPLC	SHWR/COVE	HNDL/GASKT		
4340		201808	320-53800-46200		
RPLC	PULL  CHAIN/SHWR  HNDL		
4340		201808	300-13100-10100		
RPLC	PULL  CHAIN/SHWR  HNDL		
4341	CP	201808	320-53800-46200		
RPLC		SHWR  HNDL/SCREWS		
4341	CP	201808	300-13100 -10100		
RPLC		SHWR  HNDL/SCREWS		
4342		201808	320-53800 -53000		
PATCH	POTHOLE	GATH.DR/AST		
4342		201808	300-13100-10100		
PATCH	POTHOLE	GATH.DR/AST		
4344		201808	320-53800-46200		
RPLC	SHWR  VALVE/HNDL  CAP		
4344		201808	300-13100 -10100		
RPLC	SHWR  VALVE/HNDL  CAP		
			BERRY		

CONSTRUCTION

INC.

* * * * * * * * * *

231.00	
154	.oo	
111	. 00	
74	. 00	
87.00	
58.00	
99.00	
66	. 00	
159.00	
106.00	

1,145	. 00	004044	

8/28/18	00113	

8/24/18 8/24/18 8/24/18

7502 FY19 7502 FY19 7502 FY19

201808  300-15500-10000
PROPERTY  INSURANCE
201808  300-13100-10100
PROPERTY  INSURANCE
201808  300-15500-10000
GEN.LIAB/PUBLIC  OFFC
EGIS

INSURANCE

ADVISORS,	LLC.

* * *

22,599.92

17,757.08

13,453.00

53,810.00	004045	

8/28/18	00010	

8/21/18	6-282-42	201808	310-51300-42000	
	DELIVERY	08/16/18	
			FEDEX	

*

24.40		
24.40	004046	

REUE  REUNION  EAST	TVISCARRA

AP300R *** CHECK

DATES

08/01/2018

-

YEAR-TO-DATE
08/31/2018	***	

ACCOUNTS  PAYABLE  PREPAID/COMPUTER
REUNION  EAST-GENERAL  FUND
BANK  A REUNION  EAST  COD

CHECK

REGISTER

RUN

9/06/18

PAGE

8

CHECK	VEND#	
DATE		
8/28/18	00144	
8/28/18	00060	

8/28/18	00142	

.••.• INVOICE •.•.•..• EXPENSED	TO...					VENDOR  NAME		
DATE		INVOICE	YRMO	DPT  ACCT#	SUB	SUBCLASS				
										
8/17/18		8058346	201808	320-53800-47700					
8/17/18		SVC	CALL-SYSTEM	DIAGNOSTC							
		8058346	201808	300-13100-10100					
		SVC	CALL-SYSTEM	DIAGNOSTC	FRANK'S  AIR	CONDITIONING,  INC.		
- - -	-	- -	-	-	- - - -	- -	- - -				
								-	-					
8/02/18		325895		201808	320-53800-46200					
8/02/18		TRBLSHT/RPLC  FAULTY  WIRE							
		325895		201808	300-13100 -10100					
8/02/18		TRBLSHT/RPLC  FAULTY  WIRE							
		325897		201808	320-53800 -46200					
8/02/18		RPLC		STEP/INST.GUTTR	GRAT							
		325897		201808	300-13100-10100					
	-	RPLC		STEP/INST.GUTTR	GRAT	SPIES	POOL	LLC		
- - -		- -	-	-	- - - -	- -	- - -					
								-	-					
8/21/18		46967			201807	320-53800-47800					
8/21/18		RPLC		PULL  STATION/BATTERY							
		46967			201807	300-13100-10100					
		RPLC		PULL  STATION/BATTERY	UNITED	FIRE		PROTECTION,  INC.		

STATUS						AMOUNT			..•• CHECK .•...		
									AMOUNT	#		
*						51.00							
													
*						34.00							
													
-	-	-	-	-	-	- - -	-			85.00	004047		
													
*						131.40							
													
*						87.60							
													
*						195.39							
													
*						130.26							
													
-	-	-	-	-	-	- - -	-	-	-	544.65	004048		
										- - -			
*						202.78							
													
*						135.18							
													
										337.96	004049		

TOTAL	FOR	BANK  A	
TOTAL	FOR	REGISTER	

219,491.15 219,491.15

REUE

REUNION

EAST

TVISCARRA

AP300R				YEAR-TO-DATE	ACCOUNTS  PAYABLE	PREPAID/COMPUTER	CHECK	REGISTER		
*** CHECK	DATES	08/01/2018	-							
				08/31/2018  ***	REUNION	EAST-R&M						
					BANK  C	REUNION  EAST	R&M				

RUN	9/06/18	PAGE	1	

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

AMOUNT

••.• CHECK •...•	
AMOUNT	#	

8/09/18	00001	
8/09/18	00006	
8/14/18	00015	

7/26/18		4327		201807	320-53800-53000					
7/26/18		CONCRETE	RPR	VAR.LOCATION						
		4327		201807	300-13100-10100					
		CONCRETE	RPR	VAR.LOCATION	BERRY	CONSTRUCTION	INC.		
- - -	-	- - -	-	-	-	-	- -	- -	- -					
										- -					
7/25/18		324812		201807	320-53800-64000					
7/25/18		INST.SEVEN	EAGLE	SND	FLTR						
		324812		201807	300-13100-10100					
		INST.SEVEN	EAGLE	SND	FLTR	SPIES	POOL,  LLC				
- - -	-	- - -	-	-	-	-	- -	- -	- -						
										- -					
8/14/18		2831DEP		201808	320-53800-66000					
8/14/18		INST.2	GATES	50%	DEPOSIT						
		2831DEP		201808	300-13100 -10100					
		INST.2	GATES	50%	DEPOSIT	ACCESS	CONTROL	TECHNOLOGIES,		

INC.

* *

* *

* *

7,614.00 5,076.00

11,545.20 7,696.80

3,475.50 2,317.00

12,690.00	000049	
19,242.00	000050	
5,792.50	000051	

TOTAL	FOR	BANK  C	
TOTAL	FOR	REGISTER	

37,724.50 37,724.50

REUE

REUNION

EAST

TVISCARRA

SECTION

3

•	•   •   •   •
'•	•	.		
		•		
				
•'		C'e		
		'•		
••		e'>		
•:•••~o		
	'b C>  ...,			

Reunion East

Community Development District

Unaudited Financial Reporting

July 31, 2018

•

•

•

•	•

	Table of Contents		
1		Balance Sheet	
2	General Fund Income Statement	
3	Replacement & Maintenance Income Statement	
4	Debt Service Series 2002A-2 Income Statement	
5	Debt Service Series 2005 Income Statement	
6	Debt Service Series 2015A Income Statement	
7	Debt Service Series 2015-11 ncome Statement	
8	Debt Service Series 2015-2	Income Statement	
9	Debt Service Series 2015-3	Income Statement	
10	Capital Projects Series 2005	Income Statement	
11-12		Month to Month	

13-14	FY18 Assessment Receipt Schedule

Reunion East

COMMUNITY DEVELOPMENT DISTRICT

COMBINED BALANCE SHEET

July 31, 2018

~ CASH CUSTODY ACCOUNT STATE BOARD OF ADMINISTRATION INVESTMENTS SERIES 2002A-2

Reserve

Revenue

SERIES 2005

Reserve

Revenue

Construction

SERIES 2015A

Reserve

Revenue

Prepayment

SERIES 2015-1

Reserve

Revenue

SERIES 2015-2

Reserve

Revenue

Prepayment

SERIES 2015-3

Revenue

DUE FROM REUNION WEST

DUE FROM GENERAL FUND

TOTAL ASSETS

LIABILlTIES; ACCOUNTS PAYABLE CONTRACTS PAYABLE SALES TAX PAY ABLE CUSTOMER DEPOSIT DUE TO DEBT 2015A DUE TO GENERAL FUND DUE TO REUNION WEST ACCRUED INTEREST PAY ABLE 2002A-2 ACCRUED PRINCIPALPAYABLE2002A-2 ACCRUED INTEREST PAY ABLE 2005 ACCRUED PRINCIPAL PAYABLE 2005 FUND EQUITY:

General

$1,181,280 $461,312

$194,752 $10,573

Sl,847,917

$40,916 $1 ,323 $41 $15,000 $5,000

$34,860

Replacement

& Maintenance

$476,419

$2,574,667

$41,100

53,092,186

$84,744

Debt

Service

	$3	
$122,504	
	$4	
$216,286	
$175	,000	
$836,367	
	$23	
$345,275	
$289,784	
$374,013	
$267,550	
$3,305	
$108,840	
$5	,000	
52,743,953	

$10,573

$1,468,196 $1,685,000 $1,015,000 $1,160,000

Capital

Projects

$10

510

(Memorandum	Only)	
2018			
$1	,657,699	
	$461,312	
$2,574,667	
		$3	
	$122,504	
		$4	
	$216,286	
		$10	
	$175,000	
	$836,367	
		$23	
	$345,275	
	$289,784	
	$374,013	
	$267,550	
		$3,305	
	$108,840	
	$235,852	
		$15,573	
57,684,065	
	$125 ,661	
		Sl,323	
		$41	
		$15,000	
		$5,000	
		$10,573	
		$34,860	
$1	,468,196	
$1,685,000	
$1,015,000	
$1,160,000	

FUND BALANCES: ASSIGNED UNASSIGNED RESTRJCTED FOR RESTRJCTED FOR RESTRlCTED FOR RESTRI CTED FOR RESTRICTED FOR RESTRICTED FOR RESTRICTED FOR

DEBT SERVICE 2002A-2 DEBT SERVICE 2005 DEBT SERVICE 2015A DEBT SERVICE 2015-1 DEBT SERVICE 2015-2 DEBT SERVICE 2015-3 CAPITAL PROJECTS

$242,752 $1,508,025

$3,007,442

($3,030,690) ($ 1,958,710) $1,016,390 $631,084 $640,316 $106,793

$10

$3,250,194	
$1,508,025	
($3	,030,690)	
($1,958,710)	
$1,016,390	
$631,084	
$640,316	
$106,793	
	$10	

TOTAL LIABILITIES & FUND EQUITY & OTHER CREDITS

51,847,917	53,092 186	52 743,953	
	1	1	

$10

57,684,065

REVENUES:		
Special	Assessmeuts •	Tax Collector	
Special	Assessments -	Oin.-ct	
Interest			
Miscellaneous IUC1Jme		
Rental	Income- Base		
RctltaJ	Income - Opcrat ing Expmses/C AM	
TOTAL  REVE~1JES	
EXPENDITURES:		
APMINJSTRAUV£i		

Reunion East		
COMMUNITY DEVELOPMENT DISTRICT	
GENERAL FUND		
Statemenl of Revenues	& Expenditures	
For The Period Ending	July 31,	2018	
ADOPTED	PRORATED BUDGET	
BUDGET		THRU 7/31/18	
Sl,092,73:S	SJ,092,735	
$922,677	$922,677	
	$250	$208	
$5.368	$4,473	
$12, 150	$12, 150	
$10,S85	SI0,58S	
$2.043.765	$2.042.828	

ACTUAL THRU 7/31118

$1,110,806 $922,677 $822 $4,260 S32,400 SI0,03S

$2,081.000

VARIANCE

$18,07 1 $0 $614 ($213) $20,250 ($550)

m.m

j

Supervisor Fees		
FICA						
Enginl:(21ng		
Attorney				
Trustee Fees		
Arbitrage			
Collection	Agent		
Dissemination		
Proprny	Appraiser	Fee	
Property	Taxes		
Annual Audit		
Oistrid	Management Fees	
Jnfonnation Toclmology	
Telephone			
Postage					
Printing	& Binding	
Insurance				
Legal	Advertisfflg		
Oher Current Ch.rgcs	
Offi~	Supplies		
Travel	Per	Diem		
Dues,	Licenses & Subscriptions	
	TOTAL ADMINISTRATIVE	
M,dl/iIE_NANCE;§,lld8.WJ. M_PEfi/i.E\':	
Field Management		
Facility	Lease Agreement	
Telephone			
Electric					
W11ti=r&	Sewer		
Gas						
Pool & Fountain Maintenance	
Envimnmcnlal		
Property	Insurance		
Irrigation	Repairs		
Landstapc	Contract		
Landscape	Contingency	
Landscape	Consulting	
Gate and	Gatehouse Expmscs	
Roadwtrys/Sidewalks	
Lighting					
MSA Building Repairs	
PrcssulC	Washing		
Mainta1ance (lnspcctions)	
Pesl Control		
Signage					
S(:('Urity				
'12.MMJ.!JYl.U. r:E.ri.lE.B:	
lonJIC!lj'IC			
Ti:l~llfitotle			
tlo.wc					
\\11la &,	S~·1,T		
(~						
Contract	Cleaning		
Maintenance (Inspections}	
Mdll:!IJJ..NdlY{;£-QJ.8.E.'- l. G.K.PW'J.fi.M·	
Irrigation	System Operations	
Contingency		
TransferOut		
	TOTAL MAINTENANCE	
TOTAL EXPENDITURES	
EXCESS	REVENUES (EXPENDITURES)	
Flfl\.'D	BALASCE	• Beginning	
FUND BALANCE	.. Ending	

$12,000	$10,000	
	$918	$765	
$15,000	$12,500	
$35,000	$29,167	
$17,500	$12,000	
	$3,600	$600	
	$5,000	$5,000	
	$5,000	$4,167	
	SJ,000	$1,000	
	$400	$400	
	$5,100	$5,100	
$42,985	$35,821	
	$2,200	$1,833	
	$300	$250	
	$3,500	$2,917	
	$2,500	$2	, 083	
$14,800	$14,800	
	$1,500	$1	,250	
	$600	SSOO	
	$500	$416	
	S500	$417	
	$175	$175	
S170.078	Sl41.160	
$41,454	$34,545	
$31,562	$26,302	
	$4,800	$4,000	
$3	48,000	$290,000	
$45,000	$37,500	
$46,200	$38,500	
$l05,000	$87,500	
	$6,000	$5,000	
$26,100	S26,100	
	$7,500	$6,250	
$465,774	$388,145	
$23,295	$19.413	
S23,400	$19,500	
$19,200	Sl6,000	
$27,840	$23,200	
	$4,800	$4,000	
$24,000	$20,000	
$24,000	$20,000	
	Sl,050	$875	
	$435	$363	
	$2,400	$2,000	
$84,000	$70,000	
$16,000	$13,333	
	$1,500	Sl,250	
$33,000	$27,500	
	$4,200	SJ,500	
	$500	$417	
	$0		so	
	$1,250	$1,042	
$100,000	$83 ,333	
	$0		so	
$355,427	$355,427	
$1.873,687	$1.624.994	
$2.043.765	$1.766.154	
	$0			
	so			
	$0			

$9,400	
$719	
$8,771	
$21,240	
$12,000	
$600	
$5,000	
$4,267	
$817	
$183	
$5,100	
$35,	821	
$1,833	
	$39	
$296	
S539	
$13,453	
S397	
Sl80	
$210	
		$0	
$175	
$121.040	
$34,545	
$20,432	
$4,791	
$337,004	
$46,942	
$36,200	
$89,858	
$4,304	
$24,914	
$8,857	
$351,642	
$17,324	
S29,8	01	
$8,420	
1108,078	
$4,606	
$27,809	
$14,926	
$581	
		so	
$8,709	
$70,000	
$9,530	
$1,103	
$16,070	
$1,572	
$249	
$5,625	
Sl.085	
	so	
$250	
$355,427	
$1.640.654	
$1.761.694	
$319.306	
$1.431.471	
$ 1.750. 777	

		$600			
		$46			
$3,729			
$7,926			
			so			
			so			
			$0			
($100)		
		$183			
		$217			
			so			
			so			
			so			
		S211			
$2,621			
Sl,545			
$1,347			
		$853			
		$320			
		$206			
		$417			
			$0	I		
s20.120			
			so			
$5,870			
($791)			
($47,004)			
($9,442)			
$2,300			
($2	,358)			
	$696			
SJ,186			
($2,607)			
$36,503			
S2,088			
($10,301)			
$7,580			
($84,878)			
($606)			
($7,809)			
$5	,074			
$294			
$363			
($6,709)			
			so			
$3,8	04			
$147			
Sll,430			
$1	,928			
$168			
($5,625)			
	($43)			
$83,333			
(S250)			
			so			
tSIS.660 1!		
$4.460 I		

2

Reunion East

COMMUNITY DEVELOPMENT DISTRICT

REPLACEMENT & MAINTENANCE FUND

Statement of Revenues & Expenditures

For The Period Ending July 31, 2018

REVENUES:	
Transfer	In	
Interest		
TOTAL	REVENUES	
EXPENDITURES:	
Building Improvements	
Lighting	Improvements	
Signage		
Pool Furniture	
Pool Repair & Replacements	
Landscape Improvements	
Roadways/Sidewalks hnprovement	
Signali2a.tion	

ADOPTED

BUDGET

$355,427 $10,000

$365.427

$60,000 $0 $6,000 $7,200 $31,800 $75,000 $0 $90,000

PRORATED

THRU 7131/18

$355,427

$8,333

$363,760

$50,000

$0

$5,000

$6,000

$26,500

$62,500

$0

$75,000

ACTUAL

THRU 7131118

$355,427

$37,642

$393.069

$12,147

$2,934

$0

$7,800

$17,905

$121,184

$13,206

$31,687

VARIANCE

$0		
$29,309		
$29.309	1	
$37,853		
($2,934)		
$5,000		
($1,800)		
$8,595		
($58,684)		
($13,206)		
$43,313		

TOT AL EXPENDITURES

EXCESS REVENUES (EXPENDITURES)

FUND BALANCE - Beginning

FUND BALANCE - Ending

$270.000	$225 .000	
$95.427		
$2.842.453		
$2.937.880		

$206,863

$186. 206

$2,821.236

$3,007.442

$18.m 1

3

REVENUES:		
Special Assessments		
lntt:rest		
TOTAL  REVENUES		
EXPENDITURES:		
Interest Expense 1 I /01		
Principal Expense 05/01		
Interest Expeose 05/01		
TOTAL EXPENDITURES	
OTHER FINANCING	SOURCES {L SES J	
Transfer In (Out)		
Other Debt Service Costs	
TOTAL OTHER		
EXCESS REVENUES	(EXPENDITURES)	
FUND BALANCE - Beginning	
FUND BALANCE - Ending	

Reunion East		
COMMUNITY DEVELOPMENT DISTRICT	
Debt Service 2002A-2		
Statetnent of Revenues & Expenditures	
For The Period Ending July 31, 2018		
ADOPTED	PRORATED	
BUDGET	THRU 7/31/18	
so	$0	
$0	$0	
$0	$0	
$0	$0	
so	$0	
$0	$0	
$0	$0	
so	$0	
$0	$0	
$0	so	
$0		
$0		
$0		

ACTUAL					
THRU 7/31/18	VARIANCE			
$0		$0			
$1,034	$1,034			
$1,034	$1	034  1		
				
$0		$0			
$0		so			
$0		so	I		
$0		so			
					
$0		$0			
($2,880)	($2,880)			
1$2,8801	($2.880))		
($1.8461					
($3,028.843 1					
($3,030,690)					

4

Reunion East

COMMUNITY DEVELOPMENT DISTRICT

Debt Service 2005 Statement of Revenues & Expenditures For The Period Ending July 3 I, 2018

REVENUES:

Special Assessments

Interest

TOT AL  REVENUES

EXPENDITURES:

Interest Expense I 1/0 I

Principal Expense 05/01

Interest Expense 05/0 I

TOTAL EXPENDITURES

OTHER FINANCING SOURCES (l SES l

Transfer In (Out)

Other Debt Savice Costs

TOTAL OTHER

EXCESS REVENUES (EXPENDITURES)

FUND BALANCE - Beginning

FUND BALANCE - Ending

ADOPTED BUDGET

$0 $0

$0

$0 $0 $0

$0

$0 $0

$0

$0

$0

$0

PRORATED

THRU 7/31/18

$0 $0

$0

$0 $0 $0

$0

$0 $0

$0

ACTUAL THRU 7/31/18

$0 $1,811

$1,811

$0 $0 $0

$0

$0 ($9,789)

($9,789)

($7,977)

($1,950,733)

($1,958,710)

VARIANCE		
$0		
$1,81 I		
$1,811	I	
$0		
$0		
$0		
so	I	
$0		
($9,789)		
($9,789)1	

5

Reunion East

COMMUNITY DEVELOPMENT DISTRICT

Debt Service 2015A

Statement of Revenues & Expenditures

For The Period Ending July 31, 2018

REVENUES:

Special Assessments - Tax Collector

Special Assessments • Prepayments

Interest

TOT AL  REVENUES

EXPENDITURES:

Interest Expense 11/01

Principal Expense 05/01

Interest Expense 05/0 I

Special Call 05/01

TOT AL EXPENDITURES

OTHER FINANCING SOURCES rusES)

Transfer In (Out)

Other Debt Service Costs

TOTAL OTHER

ADOPTED

BUDGET

$2,568,595 $0 SIOO

$2,568.695

$691,000 $1,215,000

S691 ,000 so

$2.597, 000

$0 $0

so

PRORATED THRU 7/31/18

S2,568,595 so

$83

$2,568,678

$691,000 $1,215,000 S691,000 $0

$2,597,000

$0 $0

so

ACTUAL THRU 7/31/18

$2,608,841 $11,599 $10,565

$2,631,004

$691,000 $1,215,000 $691 ,000 $15,000

$2,612.000

$0 $0

so

VARIANCE		
S40,246		
$ 11,599		
$10,481		
$62.326	I	
$0		
$0		
$0		
($15,000)		
1$15.00011	
$0		
$0		
so!	

EXCESS REVENUES (EXPENDITURES)

FUND BALANCE - Beginning

FUND BALANCE • Ending

1$28,305]

$807,010

$778 705

$19,004

$997.385

$1,016.390

6

REVENUES:		
Special Assessments ~ Tax Collector		
Special Assessments - Direct Billed		
Interest		
TOTAL  REVENUES		
EXPENDITURES:		
Interest Expense 11/01		
Principal Expense 05/01		
Interest Expense 05/01		
TOT AL EXPENDITURES		
OTHER FINANCING SOURCES	(USES}	
Transfer In (Out)		
Other Debt Seivice Costs		
TOTAL OTHER		
EXCESS REVENUES (EXPENDITURES)	
FUND BALANCE - Beginning		
FUND BALANCE - Ending		

Reunion East		
COl\rnUNITY DEVELOPMENT DISTRICT	
Debt Service 2015-1		
Statement of Revenues & Expenditures	
For The Period Ending July 31, 2018		
ADOPTED	PRORATED	
BUDGET	THRU 7/31/18	
$22,855	$22,855	
$656,310	$656,310	
$0	$0	
$679,165	$679,165	
$220,770	$220,770	
$245,000	$245,000	
$220,770	$220,770	
$686.540	$686,540	
so	$0	
$0	$0	
so	$0	
$7,375 1		
$283. 704		
$276,329		

ACTIJAL			
DiRU 7/31/18			
$26	,9	46	
$656,310	
$4,417	
$687,673	
$220,770	
$245,000	
$220,770	
$686,540	
	$0	
	$0	
	$0	
Sl.133	
$629:951	
$631.084	

VARIANCE		
$4,091		
$0		
$4,417		
ss.sos	j	
so		
$0		
so		
so	I	
$0		
$0		
so	1	

7

Reunion East

COMMUNITY DEVELOPMENT DISTRICT

Debt Service 2015-2

Statement of Revenues & Expenditures

For The Period Ending July 31, 2018

REVENUES:

SpeciaJ Assessments ..	Direct Billed	
Inta-est		
TOTAL  REVENUES	
EXPENDITURES:		
Interest Expense 11/01		
Principal Expense 05/01	
Interest Expense 0510 I		

ADOPTED

BUDGET

$745,860 $100

$745,960

$265,650 $220,000 $265,650

PRORATED THRU 7/31/18

$745,860 $83

$745,943

$265,650 $220,000 $265,650

ACTUAL			
THRU 7/31/18		
$745,	860	
$4,260	
$750.120	
$265,650	
$220,000	
$265	,650	

VARIANCE		
($0)		
$4,176		
$4.176	I	
$0		
$0		
$0		

TOTAL EXPENDITURES

OTHER FINANCING SOURCES /USES)

Transfer In (Out)

Other Debt Service Costs

TOTAL OTHER

EXCESS REVENUES (EXPENDITURES)

FUND BALANCE - Beginning

FUND BALANCE - Ending

$751,300	575UIKI	
$0	$0	
$0	$0	
$0	$0	
\S5 340	>	
1		
$266,862		
$261.522		

$751.300

$0

$0

$0

($1.180)

$641.496

$640.316

soi	
$0		
$0		
so	i	

8

Reunion East

COMMUNITY DEVELOPMENT DISTRICT

Debt Service 2015-3

Statement of Revenues & Expenditures

For The Period Ending July 31 , 2018

REVENUES:

Special Assessments - Direct Billed

lnterest

TOTAL  REVENUES

EXPENDITURES:

Interest Expeose 11/0 I

Principal Expense 05/01

Interest Expense 05/0 I

TOT AL EXPENDITURES

OTHER FINANCING SOURCES (USES}

Transfer In (Out)

Othor Debt Service Costs

ADOPTED

BUDGET

$336,265 $0

$336.265

$108,735 $120,000 $108,735

$337.470

so $0

PRORATED

THRU 7/31/18

$336,265 $0

$336,265

$!08, 735 $120,000 $!08, 735

$337,470

$0 $0

ACTUAL			
TIIRU 7/31/18		
$335,260	
$521	
$335.781	
$108,735	
$120,000	
$108	,7	35	
$337.470	
		$0	
		$0	

VARIANCE		
($1,005)		
$521		
($484 11	
$0		
$0		
$0		
so	I	
$0		
$0		

TOTAL OTHER

EXCESS REVENUES (EXPENDITURES)

FUND BALANCE -Beginning

FUND BALANCE - Ending

$0	$0	
1$1,205	1		
$108.414		
$107 .209			

$0

iSl,689)

$108.482

$106,793

so I

9

Reunion East

COMMUNITY DEVELOPMENT DISTRICT

Capital Projects 2005

Statement of Revenues & Expenditures

For The Period Ending July 31, 2018

REVENUES:

futerest

TOTAL  REVENUES

EXPENDITURES:

C ap ital Outlay

TOTAL EXPENDITURES

OTHER FINANCING SOURCES {USES \

Trans fer In (Out)

TOTAL OTHER

EXCESS REVENUES (EXPENDITURES)

FUND BALANCE - Beginning

FUND BALANCE - Ending

ADOPTED

BUDGET

$0

$0

$0

$0

$0

$0

$0

$0

$0

PRORATED

THRU 7/31 /1 8

$0

$0

$0

$0

$0

$0

ACTUAL THRU 7/31/1 8

$0

$0

$0

$0

$0

$0

$0

$10

$10

VARIANCE

$0		
$0	!	
$0		
$0	!	
$0		
so	!	

10

Revenues Special Assessments - Tax Collector Special Assessments - Direct Interest Miscellaneous Income Rental Income - Base Rental lncome - Operoling Expenses/CAM

TolAI Revenues

Ort	Nov	
$0	Sl40,448	
$12,830	$0	
$76	$78	
$0	so	
$4,050	$4,050	
Sl,528	Sl,528	
$211484	5148, IOS	

		Reunion East CDD								
		Month to Month								
D«	Jan	Fd>		Mar		A11r	Me,	Jun	Jul	Aul	St.pt	
$612,154	$44,167	$52,045	$27,863	$72,083	$29,436	Sl32,575	$34	$0	$0	
$0	$449,637		$0		$0	$224,818	$235,391	$0	$0	$0	$0	
$76	$78		S78		$71	$78	S94	S98	$95	so	$0	
$0	$0		so		$0	$1,278	$2, 130	so	$852	so	$0	
$4,050	$4,050	$4	,050	54,050	$4,050	$4,050	so	so	so	so	
$3,528	(Sl2,336)	$2	,947	$2,947	$2,947	$2,947	so	so	so	so	
$619.808	S4M. 597	$59. 120	$34	,931	$305,255	5274,048	5132.673	$981	$0	so	

Total

$1, I I0,806		
$922,677		
S822		
S4,260		
$32,400		
$10,035		
s2.081 .ooo	I	

Expenditumi

Adminlstrstive

Supervisor Fees

FICA

Engineering

Attorney

Trustee Fees

Arbitrage

Collection Agent

Dissemination

Property Appraiser Fee

Property Taxes

Annual Audit

District. Management Fees

Jofonnation Technology

Telephone

Postage

Printing &  Binding

Insurance

Legal Advertising

Other Current Charges

Office Supplies
Travel Pa Diem

Dues,  Licenses & Subscriptions

Sl,000	$1,000	
$77	S77	
$2,152	Sl,239	
Sl,584	$1,384	
so	$0	
$0	$0	
SS,000	$0	
$417	$417	
$0	$0	
$0	$0	
so	$0	
S3,582	$3,582	
$ 183	Sl83	
so	so	
$84	$16	
$51	$61	
$13,453	$0	
$208	so	
$178	so	
$21	$21	
so	so	
Sl75	so	
$?1!1.. 164	57,979	

$800	
	$61	
$1,089	
Sl,338	
	$0	
	$0	
	$0	
$417	
	$0	
	so	
	so	
$3	,582	
$183	
	SD	
	$25	
	$)9	
	so	
	$0	
	so	
	$21	
	so	
	so	
$7,555	

$1,000	
	S77	
$545	
$ 1,496	
	so	
	so	
	so	
$417	
	so	
	$0	
	so	
$3	,582	
$183	
	so	
	$41	
	$45	
	$0	
	$0	
	$0	
	S21	
	$0	
	$0	
$7,407	

$1,000 S77 $898 $1 , 125 $0 so $0 $417 S817 $0 so $3,582 $183 $0 $33 $69 so $0 so

S22 so so

$8,221

S800 S61 S600 $2,992 $0 $0 SD S517 $0 $0 S5,IOO $3,582 $183 $21 $10 $36 $0 $0 $0 S21 so so

$13,924

$1,000 $77 $1,200 $3,515 $0 S600 $0 $417 $0 $0 so $3,582 Sl83 $18 $17 $48 $0 $0 so $21 so so

$10,677

$1,000	
	$77	
	so	
S4,106	
	so	
	$0	
	$0	
S417	
	$0	
$183	
	$0	
$3	,582	
$183	
	$0	
	$25	
	S39	
	$0	
$189	
	$0	
	$21	
	so	
	so	
$9,822	

$1,000 $77 $600 $3,701 $0 $0 $0 $417 $0

$0 so
$3,582 $183 $0 $20 $86 $0 $0 so

$21 so
so

$9,687

S800 S61

S450 so

$12,000 $0 $0 S417 $0

$0 so
$3,582 $183 so $24 $64 $0 so S2 $21 $0 $0

$17,604

so

so so

so $0 $0 $0 $0 $0

$0 so so

$0 so

$0 $0 $0 $0 so so so so

$0

so

so so so

so so
$0 $0 $0 $0

so so so

$0 $0 $0 $0 $0 so so so $0

so

$9,400

$719

$8,771

$21,240

$12,000

$600

$5,000

$4,267

$817

$183

$5,100

$35,821

$1,833

$39

$2%

$539

Sl3,453

$397

Sl80

S210

iO

$175

5121,0401

11

I

Oct

Nov

Dec

Reunion East CDD

Month to Month

Jun	Feb	Mar	Apr	Ma,\.	Jun	Jul	Aug	s...,,,

Totnl

Maintenance

Field Management

Facility Lease Agreement

Telephone

Electric

Water& Sewer

Gas

Pool & Fountain Maintenance

Environmental

Property lnsumnoe

Inigetion

Landscape Contract.

Landscape Contingency

Landscape Consulting

Gnte:house and Gatehouse Expenses

Roadways/Side-,valJcs

Lighting

MSA Building Repsirs

Pressure Washing

Maintenance (Inspections)

Pest Control

Signage

Security

Community Center

Landscape

Telephone

Electric

Water&Sewer

Gas

Contract Cleaning

Maintenance (Inspections)

MainlrnanC1!-Diru.1

Irrigation System Opemlions

Contingency

Transfer Out

Total Expenditures

Excess Revenues (Expenditures)

I I

	SJ,455	
	$2,043	
		$449	
	$33, 063	
	SJ,995	
	$286	
	S9,786	
	$157	
	S24,914	
	$349	
	$32,515	
		Sl96	
	$1	,950	
	$1,106	
	$9,276	
	$1	,774	
	Sl,719	
		$0	
		$0	
		$0	
		$0	
	$7,000	
	S881	
	SIIO	
	Sl,912	
	$145	
		S25	
		so	
		so	
		so	
		so	
		so	
!	IJ7, IU~	
SIMi.?611	
l~l~~.71<~!	

$3,455 $2,043 $451 $33,359 $4,396 $3,316 S6,587

S833 so
$0 S32,515 $735 $1,950 $724 $6,348 $161 $845

$576 so so

$0 $7,000

S881 Sill Sl,581 Sl60 $25 so $0

$0 Sl60 $0

$108,211

$116,190

531 .915

$3,455 $2,043 $451 $33,315 $4,983 $5,211 $8,935

$157 so

Sl,138 $44,537 S387 S8,393 $0 $10,263 S933 S387 $0 S39 $0 S4,188 S7,000

$1,207 SllO Sl,012 $166 $25 S250 $65

so so so

$138,651

$146,206

$473,602

$3,455 $2,043 $550 S34,090 $4,650 $4,411 $10,852 S834 $0 Sl,240 $32,515 Sl,514 S3,597 $0

$1,278 so

S5l7 $0 $0 $0 S231 S7,000

$881 SI 10 Sl ,356 $158 $24

$825 so

so

$0 so

SIIZ,131

$119,538

$366,059

$3,455 $2,043 $352 $34,81 I $4,536 S6,382 $7,510 $157 $0 S599 532,515 $0 Sl,950 $1,476 Sl4,019 Sl,583 Sl7,184 $720 $0 $0 $0 S7,000

$881 $111 $1,849 $158 $25 $700 $180

so

$0 so

S140,195

5148,416

!589.29111

$3,455 $2,043 $451 $33,595 S4,456 S7,297 SI0,057

$157 so

S542 537,807 S960 $1,950 S445

$30,015 so
S885 so
$39 $0 S48 $7,000

$1,025 $111 $1,466 $158 525 S750 S245

so so so

5144,980

5158,904

1sm. 97JI

$3,455			
$2,043			
$458			
$33,761			
S5,040			
SJ,314			
$7,975			
$157			
so			
$2, 027			
$32,515			
S3, 114			
$4,160			
S971			
58, 580			
so			
Sl ,482			
so			
$0			
$0			
$111			
$7,000			
S881			
$111			
$1,449			
$158			
S2S			
$700			
so			
so			
so	.		
so			
$119,485			
SIJ0,163			
$175.092			

$3,455 $2,043 $556 $34,800 $4,718 S2,363 $9,688

S834 so
S916 S32,515 S7,137 Sl,950 S964

S23,388 so

$3,183 $2,203 $180

$0 so
$7,000

S881 Sl 10 Sl,976 5158 $25 5875 $300

so S90 $0

5142,306

$152,127

$121 ,921

$3,455 $2,043 S616 SJJ,506 $5,526 $2,729 $7,189

$157 so Sl , 119

$41,696 so

Sl,950 Sl,977 S4,470 $156 $1,248 $8,089 $120 $0 $3,906 $7,000

Sl,130 Sl 10 Sl,677 5151 $25 S700 S295

$0 so
$355,427

$486,466

$496,153

jS363.4801

Sl,455	
$2	,043	
S458	
$32,704	
$4,641	
5890	
$11,278	
$864	
	so	
S928	
S32,515	
Sl,28	1	
$1	,950	
S757	
$441	
	so	
$360	
$3,338	
$203	
	$0	
$225	
$7,000	
S881	
SllO	
Sl,793	
Sl58	
	525	
5825	
	$0	
	so	
	$0	
$111,124	
$128,729	
1s127	. 7481	

$0 $0 $0 $0 $0 $0 $0 $0

so so
so so

$0 so so so so so

$0 $0 $0 $0

so so so so

$0 $0 so

so $0 $0

$0

$0

$0

$0 $0 $0 $0 $0 $0 $0 $0 $0 so so so so so $0

$0 so so so
$0

$0 so

so so
$0 $0
$0 so so

so so so

so so

$0

	S34,545		
	$20,432		
	$4,791		
	S337,004		
	$46,942		
	$36,200		
	$89,858		
	$4,304		
	$24,914		
	$8,857		
	S351,642		
	S17,324		
	$29,801		
	$8,420		
	SI08,078		
	S4,606		
	$27,809		
	$14 ,926		
	$581		
		$0		
	S8,709		
	$70,000		
	S9,530		
	$1,103		
	Sl6,070		
	$1,572		
	S249		
	$5,625		
	$1,085		
		so		
	S250		
SJ55 ,427		
$1,640,6541	
$1	761	694	!	
	1	1		
s.11•	.,06	!	
		1		

12

Date

Received

Dist.

Gross Assessments

Received

Discounts/

Penalties

REUNION EAST

COMMUNITY DEVELOPMENT DISTRICT

SPEGAL ASSESSMENT RECEIPTS - FY2018

TAX COLLECTOR

Gross Assessments	3,924,283

Net Assessments	3,688,826

tom miss tons	Interest	Net Amount

Paid	Income	R1:ceived

1,163,488 1,093,679

General Fund

29.6S%

2,732,571	
2,568,616	
201SA	
Debt Svc Fund	
69.	63%	

28,224 26,S31 2015-1 Debi Svc Fund

0.72%

Total 100%

11/9/17	
11/24/17	
12/15/17	
12/2	8/17	
1/16/18	
1/26/18	
2/14/18	
3/15/18	
3/15/18	
4/13/18	
4/13/18	
4/25/18	
5/11/18	
5/11/18	
6/14/18	
6/14/18	
6/20/18	
7/17/18	
Totals	

ACH

ACH

ACH

ACH

ACH

ACH

ACH

ACH

ACH

ACH

ACH

ACH

ACH

ACH

ACH

ACH

ACH

ACH

$	35,519.87	$	
$	468,473.73	$	
$	1,899,768.69	$	
$	294,109.32	$	
$	156,127.07	$	
$		$	
$	183,086.30	$	
$	416.07	$	
$	96,628.73	$	
$	231,043.31	$	
s	17,008.29	$	
s		s	
$	2,325.44	s	
s	98,983.07	s	
$	77,700.11	$	
$	427.24	$	
s	378,155.85	$	
s		s	
$		$	
	3.939,773 09	$	

1,874.08	s	672.91	s		
18,739.19	s	8,994.70	$		
75,991.77	$	36,475.53	$		
11,039.36	s	5,661.39	$		
4,687.95	$	3,028.80	$		
	$		$		
3,964.04	$	3,582.44	$		
	$	8.33	$		
1,148.51	$	1,909.59	$		
88.37	$	4,619.07	$		
	$	340.20	s		
	$		s		
	$	46.51	s		
	s		s		
		1,979.66			
	$	1,554.00	s		
	$	8.55	$		
	$	7,563.11	s		
	$		s		
	s		$		
117,533.17	$	16,4441'!	s		

559.51

122.41

115.56

797.48

s	32,972.88	
s	440,739.84	
$1,787	,301.39	
$	277,408.57	
s	148,410.32	
$		559.51	
$	175,539.82	
s		407.74	
$	93,570.63	
$	226,335.87	
$	16,668.09	
s		122.41	
s	2,278.93	
$	97,003.41	
s	76,146.11	
s		418.69	
s	370,592.74	
$		115.56	
$			
s			
$	3,746,592.51	

s $ $ $ $ $ $

$ s

$ s s s

$ s

$ $

$ s
$ S1

	9,775.94	
130,672.44	
529,906.80	
82,247.28	
44,001.33	
			165.89	
5	2,	044.80	
			120.89	
27,742.22	
67,105.03	
	4,941.83	
			36.29	
			675.67	
28,759.99	
22	,576.13	
			124.1	4	
109,874.93	
			34.26	
10		805.&S	

s	22,959.79	
$	306,897.53	
$ 1,244,540.07	
s	193,166.12	
s	103,341.60	
$	389.60	
$	122,232.51	
$	283.92	
$	65,155.43	
$	157,603.00	
s	11,606.38	
$	85.24	
s	1,586.87	
s	67,545.76	
s	53,022.33	
$	291.54	
$	258,052.46	
s	80.47	
s		
s		
$	2.608.840.6'1	

s $ $

$ s

$ $ $

$ s
$ $ $

$ s

$ s
$ $ $ $

237.15 3,169.86 12,854.52 1,995.16 1,067.39 4.02 1,262.51 2.93 672.97 1,627.84 119.88 0.88 16.39 697.66 547.65 3.01 2,665.36 0.83

26.946.02

s	32,972.88	
$		440,739.84	
$		1,787,301.39	
$		277,408.57	
$		148,410.32	
$		559.51	
$		175,539.82	
$		407.74	
$		93,570.63	
$		226,335.87	
s		16,668.09	
$		122.41	
s		2,278.93	
s		97,003.41	
s		76,146.11	
s		418.69	
s		370,592.74	
$		115.56	
s			
$			
$	3,746.59,.51	

13

OFF ROLL ASSESSMENTS

Cticommunltles		
DAn	DUE	
RECEIVED	DAn	
10/12/2017		
& 4/9/18	11/1/17	
10/12/2017		
& 4/9/18	2/1/18	
10/12/2017		
& 4/9/18	5/1/18	

CHECK NO.

29723/WIRE

29723/WIRE

29723/WIRE

	$2S,974.DD		
		100%	
	NET	AMOUNT	
	ASSESSED	RECEMD	
$	12,986.00	$	
s	6,494.00	s	
$	6,494.00	$	
$	25,974.00	$	

	$10,982.00		SS,636.00		$6,455.00		$2,901.00		
	42	28%		2170%		2485%		1117%		
	GENERAL		SERIES		SERIES		SERIES		
	FUND								
			2015-1		2015-2		2015-3		
										
$		5,490.00	$	2,818.00	s	3,227.00	$	1,451.00		
s		2,746.00	s	1,409.00	s	1,614.00	s	725.00		
s		2,746.00	$	1,409.00	s	1,614.00	s	725.00		
										
s	10 982.00	$	5,636.00	$	6,455.00	$	2,901.00		

EHOF Acquisitions U, LLC	
DAn	DUE	
RECEIVED	DAn	
1/5/18	11/1/17	
4/5/18	2/1/18	
5/23/18	5/1/18	
EHOF Acquisitions II, LLC	
DATE	DUE	
RECEIVED	DAn	
1/5/18	11/1/17	
4/5/18	2/1/18	
5/23/18	5/1/18	
EHOF Acquisitions II, LLC	
DAn	DUE	
RECEIVED	DAn	
1/5/18	11/1/17	
4/5/18	2/1/18	
5/23/18	5/1/18	

CHECK NO. WIRE WIRE WIRE

CHECK NO. WIRE WIRE WIRE

CHECK NO. WIRE WIRE WIRE

$417,271.00				$60,979.00	$133,942.00	$153,398.00	$68,9S2.	00		
											
	NET		100%		1461%		3210%		3676%		16	52%		
			AMOUNT		GENERAL		SERIES			SERIES		SERIES		
	ASSESSED													
			RECEIVED	s	FUND		2015-1			2015-2		2015-3		
$	208,635.00	$	208,635.00		30,489.43	$	66,970.84	$		76,698.82	$	34,475.92		
$	104,318.00	$	104,318.00	$	15,244.79	s	33,485.58	$		38,349.59	s	17,238.04		
$	104,318.00	$	104,318.00	$	15,244.79	$	33,485.58	$		38,349.59	$	17,238.04		
$	417,271.00	$	417 27LOO	$	60,979.00	$	133,942.00	$	1S3,398.0D	$	68 952.00		
$511,249.00		100%	$358,021.00	$57,603.00	$65,971.00	$29,654.00		
					7003%		1127%		1290%		580%			
	NET		AMOUNT											
					GENERAL		SERIES		SERIES		SERIES		
													
	ASSESSED		RECEIVED		FUND		2015-1		2015-2		2015-3		
	255,625.00													
$		$	255,625.00	$	179,010.85	$	28,801.56	$		32,985.56	$	14,827.03		
$	127,812.00	$	127,812.00	$	89,505.07	$	14,400.72	$		16,492.72	$	7,413.49		
$	127,812.00	$	127,812.00	$	89,505.07	$	14,400.72	$		16,492.72	$	7,413.49		
														
$	511,249.00	$	511,249.00	$	358,021.00	$	57,603.00	$		6S,971.00	$	29,654.00		
$1,698,712.00				$490,847.00	$454,076.00	$520,036.00	$233,753.00		
			100%						
					2890%		2673%		3061%		13	76%		
	NET		AMOUNT		GENERAL		SERIES		SERIES		SERIES		
	ASSESSED												
			RECEIVED		FUND		2015-1		2015-2		2015-3		
$	849,356.00	$	849,356.00	$	245,423.50	$	227,038.00	$	260,018.00	$	116,876.SO		
$	424,678.00	$	424,678.00	$	122,711.75	$	113,519.00	$	130,009.00	$	58,438.25		
$	424,678.00	$	424,678.00	$	122,711.75	$	113,519.00	$	130,009.00	$	58,438.25		
$1,698,712.00	$	1,698 712.00	$	490,847.00	$	454,076.00	s	S20,036.00	$	233,753.00		
													
			$6,901.	00			$1,848.00		$5	,053.00						

DATE

RECEIVED

10/12/17

10/12/17

10/12/17

DUE		CHECK		NET		AMOUNT		GENERAL		SERIES		
DAn		NO.		ASSESSED		RECEIVED		FUND		2015-1		
												
11/1/17		2625	$	3,451.00	$	3,451.00	$	924.00	$	2,527.00		
2/1/18		2625	s	1,725.00	$	1,725.00	$	462.00	$	1,263.00		
5/1/18		2625	s	1,725.00	s	1,725.00	$	462.00	$	1,263.00		
			$	6,901.00	$	6,901.00	$	1,848.00	s	5,053.00		
			SUMMARY								
		GENERAL	DEBT SERVICE	DEBT SERVICE	DEBT SERVICE				
		FUND	SERIES 2015-1	SERIES 2015-2	SERIES 2015-3				
TOTAL DIRECT BILLED		$922,677.00		$656,310.00		$745,860.00		$335,260.00				
TOTAL RECEIVED	$											
		922,677.00	$	656,310.00	$	745,860.00	$	335,260.00				
VARIANa	$		$		$		$					

14

SECTION

4

Reunion

East/West

coo

Direct Billed Assessments

ror

FY

2018

District

Reunion

East

ll.a ndownder	Product	Total O & M	Total Debt	Total Due			
Citicommunities					Nov		
11-1-15 OS Interest							
					Feb		
34-25-27-4012-0001-0013	66 Comm	$10,982					
			$14,992	$25,974	May		
Estoppel							
							
Totals		$10,982	$14,992	$25,974	Total		

O&M

$5,491 $2,746 $2,746

$10,982

Debt

$7,496 $3,748 $3,748

$14,992

Total	Paid		
$12,987	Paid - $10,982 - Just O & M	
$6,494	Paid - Debt for	FY 18 - 4/9/18	
$6,494 Paid - Debt for	FY 18 - 4/9/18	
$25,974			

LRA ORLANDO LLC		
35-25-27-4885-PRCL-OC30	4 MF	
EHOF		
11-1-15 Interest		
27-25-27-2985-TRAC-FD20	30 Comm/755 MF	
35-25-27-4895-PRCL-OlCO	242.29 Comm/701 MF/300 Hotel	
27-25-27-2985-TRAC-FD30	10 Comm/56 MF/104 Hotel	

$1,848	$5,053	$6,901	

$358,021	$153,228	$511,24_9	
$490,846	$1,207,865	$1,698,711	
$60,979	$356,292	$417, 271	
$909,846	$1,717,385	$2,627,231	

Nov

Feb

May

Total

Nov

Feb

May

Total

O&M $924 $462 $462 $1,848

O&M

$454,923 $227,462 $227,462 $909,846

Debt $2,527 $1,263 $1263 $5,053

Debt

$858,693 $429,346 $429,346 $1,717,385

Total	Paid		
$3,451 Paid	-10/13/17	
$1,725	Paid-10/13/17	
$1 725 Paid	-10/13/17	
$6,901			
Total	Paid		
$1,313,616 Paid	1/5/18	
$656,808 Paid	3/6/18	
$656,808 Paid	6/7/18	
$2,62_7,_231			

District	ll.andownder		
Reunion West			
	Reunion West SPE		
	22-25-27-0000-0020-0000		
	27-25-27-4927-000lSFlO		
	27·25-27-4927-0001-SF20		
	35-25-27-4881-PRCL-006A		

Total O & M	Total Debt	
$197,596		
$53,310		
$58,746		
$10,244.00		
$319,896.00	$0.00	

Total Due

$197,596 $53,310 $58,746 $10 244 $319,896.00

Dec

March

June

September

Total

O&M

$79,974 $79,974 $79,974 $79,974 $319 896

Debt

so $0 $0 $0 $0

Total	Paid		
$79,974	12/29/17		
			
$79,974	3/22/18		
$79,974	Paid 7/20/18		
$79,974			
$319896			

Reunion West HOA

22-25-27-4923-0001-00BO

22-25-27-4923-0001-00MO

$159,095	$207,088	

$366,183

Nov	$79,547.50	
Feb	$39,773.75	
May	$39,773 .75	
Total	$159,095.00	

$103,544.00 $51,772.00 $51,772.00 $207,088.00

$183,091.50 Paid -1/2/17	
$91,545.75	3/9/18	
$91,545.75	Paid 6/18/18	
$366,183.00		

SECTION

5

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT $7,245,000 SPECIAL ASSESSMENT REFUNDING BONDS SERIES 2015-1 ARBITRAGE REBATE REQUIREMENT MAY 31, 2018

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 30, 2018

Reunion East Community Development District

Osceola County, Florida

Re:

$7,245,000 Reunion East Community Development District (Osceola County, Florida) Special Assessment Refunding Bonds, Series 2015-1 (the "Bonds")

Reunion  East  Community	Development District  has  requested  that  we  prepare		
certain computations related to the above-described Bonds for the year ended May		
31, 2018	("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, the Official Statement and memorandum in		
connection with the trifurcation 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 ($73,858) for May 31, 2018.  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 (May 31, 2018).			
Arbitrage Yield  Limit  (AYL}  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 - rate of return for the investment portfolio. This report presents expenditures by the internal rate of return to the delivery date.

Verifies the internal values the purpose

Reunion	East CDD	
Special		
Assessment Refunding Bonds, Series 2015-1	
Summary	of Rebate Calculations	
$ 7,245,000.00	

A1111iversa1y Date . .....	..    ... . . . . . . . . . . . . . . . . . . . . . .	....	. .... . . . . .. .. .	
Future- [/alue Date. ... .	.... . .......... . . . . . . . ....... . . . . . . . . . . . . . . . .	
Arbitrage Yield Umit . . .	............ . . .. . . . . . . . . .. . ..	. . . ............ .	
Total[!_{ Pu,poJe E:x.pmditum.. . . . ... . . . . . .... . . . . ...	...........	. . . . . . .	
lntemal Rate qf Returtt. . . . . .	........... . ... . ..... . ..... . . . ......... . .	
90%	ofrebllte liabi/il_J•. ........	• ........ . ... . ..... . ..  .. . . .	•	......... . .	
Full	rebate liabiliry. .. . ..  ...	•. . . . . . . . . . . .. . . . . . . . . . ... . . . ... . .		. . . • . . .	

Dated:	05/29/2015	
Delivered:	05/29/2015	

11/01/2015

05/31/2018

6.6009292

$6,902,640.00

0.2720464

-$66,472.24

-$73,858.04

REUNIE15•1-2015--1  I FY: 1 I	Mun,EaseEleilateMainDb) 16.95f EDB I 07/30/2018) 9:34	j Rp122	
Grau & Associates			
Grau & Associates CPAs		

Page	1	

Reunion East COD		
Special		
Assessment Refunding Bonds, Series 2015-1	
Purpose Expenditures	Future Value Report	
$ 7,245,000.00		

Dated:		05/29/201~	
Delivered.		05/29/2015	
F11111re Va/11ed	To:	05/31/2018	

Tra11sactio11

Date

Group

TD

Fund

ID

Description

Future Value

Period)

Caku/atio11 A111t		FV	
(Int. Earnings)	Pool %	Factor	

FV

Amo,mt

5/29/2015 5/29/2015 5/29/2015 6/4/2015 6/4/2015 6/5/2015 6/812015 6/9/2015 6/16/2015 712/2015 7124i2015 8/4/2015 9/212015 10/2/2015 11/3/2015 1212/2015 121412015 1/5/2016 2/212016 3/2/2016 4/4/2016 513/2016 6/212016 71512016 8/212016 9/2/2016 1014/2016 11/2/2016 12/212016 1/412017 2/212017 3/212017 414/2017 5/2/2017 612/2017 715/2017 81212017 9/5/2017 10/3/2017 l 11212017 121412017 113/2018 21212018 312/2018 413/2018

-1 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018 2018 2018 2018 2018 2018

COi

Beg. Arbitrage Gross Proceeds Reverse Beg Arb Gross Proceeds Transferred funds COi COi COi COi COi COi Reserve COi Reserve Reserve Reserve Reserve Reserve COi Reserve Reserve Reserve Reserve Reserve Reserve Reserve Reserve Reserve Reserve Reserve Reserve Reserve Reserve Reserve Reserve Resen·e Reserve Reserve Reserve Reserve Reserve Reserve Reserve Reserve Reserve Resen·e Reserve

6.0111111	
6.0111111	
6.0llll ll	
5.9833333	
5.9833333	
5.9777778	
5.96ll I I l	
5.9555556	
5.9166667	
5.8277778	
5.7055556	
5.6500000	
5.4944444	
5.3277778	
5.	1555556	
4.9944444	
4.9833333	
4.8lll Ill	
4.6611111	
4.4944444	
4.3166667	
4.1555556	
3.9944444	
3.8111111	
3.6611111	
3.4944444	
3.3166667	
3.1611 I II	
2'9944444	
2.8166667	
2.6611111	
2.4944444	
2.3166667	
2.	1611111	
1.9944444	
I.Bill Ill	
1.66111	I I	
1.4777778	
1.3222222	
1.161ll	11	
0.9833333	
0.8222222	
0.66 I 1111	
0.4944444	
0.3222222	

-7,245,000.00	
7,245	,000.00	
-549	,317.00	
-243, 733.00	
247,401.00	
65	,000.00	
37,775.00	
22,500.00	
15	,000.00	
	2.	00	
7,500.	00	
	2.00	
	2.00	
	2.00	
	2.00	
	2.00	
52	,599.00	
	2.00	
	2.00	
	2.00	
	2.00	
	2.00	
	2.00	
	2.00	
	2.00	
	2.00	
	2.00	
	2.00	
	2.00	
	24.00	
	52	.00	
	48 .00	
	76	.00	
	102.00	
	110.00	
	140.00	
	172	.00	
	178	.00	
	174.00	
	183	.00	
	188	.00	
	232.00	
	269.00	
	251.00	
	321.00	

i00	.0000000	1.2155430	
100.0000000	1.2155430	
100.0000000	1:2155430	
I 00.0000000	1.2144471	
100.0000000	1.2144471	
I 00.0000000	1.2142281	
100.0000000	1.2135711	
100.0000000	1.2133522	
100.0000000	1.2118210	
I 00.0000000	1.2083282	
100.0000000	1.2035422	
100.0000000	1.2013730	
I 00.0000000	1.1953199	
100	.0000000	1.1888684	
I 00.0000000	I.I 822384	
100.0000000	1.1760696	
100	.0000000	1.1756454	
100	.0000000	1.1690891	
100	.0000000	1.1634086	
100.0000000	1.1571293	
100	.0000000	1.1504687	
100.0000000	1.1444657	
100.0000000	1.1384940	
100	.0000000	1.1317365	
100	.0000000	1.1262375	
100	.0000000	1.1201589	
100.0000000	1.1137111	
100	.0000000	1.1080998	
100	.0000000	1.1021190	
100.0000000	1.0957750	
100	.0000000	1.0902541	
100	.0000000	1.0843696	
I 00.0000000	1.0781279	
I 00.0000000	1.0726958	
100.0000000	1.0669061	
100	.0000000	1.0605735	
100	.0000000	1.05S4203	
100.0000000	1.0491559	
100.0000000	1.0438698	
100	.0000000	1.0384230	
100	.0000000	1.0324457	
100	.0000000	1.0270S86	
100	.0000000	1.0216995	
100.0000000	1.0161850	
100.0000000	1.0105180	

-8,806,609.31	
8,806,609.31	
-667	,718.45	
-296	,000.84	
300,455.43	
78,924.82	
45,842	.65	
27,300	.42	
18,177.JI	
	2.42	
9,026.57	
	2.40	
	2.39	
	2J8	
	2.36	
	2.35	
61 ,837.77	
	2.34	
	2.33	
	2.31	
	2.30	
	1:29	
	2.28	
	2.26	
	2.25	
	224	
	2.23	
	2.22	
	2.20	
	26.30	
	56.69	
	52.05	
	81.94	
	109.41	
	117.36	
	148.48	
	181	.53	
186.75	
181.63	
190.03	
194.10	
238	.28	
274	.84	
255.06	
324.38	

REUNIE15-1-2015°-1	I	FY: 1	I Mun--	I 9:341	Rpt15a		
			EaseElevateMainOb I 16.95f EOB I 0713012018				
Grau & Associates

. Grau & Associates CPAs

Page	1	

Reunion	East CDD				
Special Assessment	Refunding	Bonds, Series	20 I 5-1		
Purpose Expenditures Future Value Report			
S 7,245,000.00					
Transactio1J	Gm11p	J<und				
Date	ID	JD	Descnptio11			
5/2/2018	2018	Reserve			
5/31/2018	.]	Unspent firoceeds as	of05/3I/2018		

			Dated:		
			Delivered:		
			F11tt1re Val111d	To:	
F11t1117! Va/11e	Calc11/,1tion Amt			FV		
Periods	(Int. Eam1i,g1)	Pool%	Factor		
0 .1611111	359.00	100.0000000	1.0052453		
0.0000000	345,275.00	100	.0000000	1.0000000		
	2,915.00					

05/29/2015 05/29/2015 05/31/2018

FV Amo11nt 360 .88

345,275 :00 -73,858.04

Arbitrage Yield limit (AYL)	.••••. , , ..•...	•	6.6009292	
Internal Ra1e ofRetur11	(IRR) . .... .	, .... .. .	0.2720464	
Future lillued To .. . ...	. . ....	.... ..	..... ..		5131/2018	

REUNIE15-1-2015-1	I	FY	11	Mun-EaseElevateMainDbl 16.95fEDB	I 07/30/201819:34	I Rpt15a	

Grau & Associates
.
G rau & Associates CPAs

Page

2

Reunion East CDD

Special Assessment Refunding Bonds, Series 20 I 5-1

A.Y.L. Verification Report

7,245,000.00

Dated:	05/29/2015	
Delivered:	05/29/2015	
MSRB  30/ 360 SEMI 4/3	

	Coupon	
Period	Date	
	11/01/2015	
2	05/01/2016	
3	11/01/2016	

4	05/01/2017

5	11/01/2017

6	05/01/2018

7	I 1/01/2018

8	05/01/2019	

9	11/01/2019

10	05/01/2020 II 11101/2020

12	05/01/2021 13 11/01/2021
14	05101/2022

15	11/0112022

16	05101/2023

17	11101/2023

18	05/01/2024

19	11/01/2024

20	05101/2025

21	11/0112025

22	0510112026	
23	11101/2026	
24	05/0112027	
25	11101/2027	
26	05/0112028	
27	11/0112028	
28	05/01/2029	
29	11101/2029	
30	05/0112030	
JI	11/01/2030	
32	05/01/2031	

33	11/011203)

34	05101/2032

35	11101/2032

36	05/01/2033	

Principal	
Pqy111t11I	
215,000.00	
230,000.00	
250,000.00	
265,000.00	
285,000.00	
300,000.00	
320,000.00	
345,000.00	
365,000.00	
390,000.00	
420,000.00	
4S0,000.00	
480,000.00	
510,000.	00	
545,000.00	
585,000	00	
625,000.00	
665,000.00	

Conpon

Rale

6.600

6.600

6.600

6.600

6.,600

6.600

6.600

6.600

6.600

6.600

6.600

6.600

6.600

6.600

6.600

6.600

6.600

6.600

Interest	
Pqymmt	
201,893 .99	
239,085 .00	
231,990.00	
231,990.00	
224,400.00	
224,400.00	
216,150.00	
216,150.00	
207,405 .00	
207,405 .00.	
198,000.00	
198,000.00	
188,100.00	
188,100.00	
177,540.00	
177,540.00	
166,155 00	
166,155.00	
154,110.00	
154,110.00	
141,240.00	
141,240.00	
127,380.00	
127,380.00	
112,530.00	
112	,530.00	
96,690.00	
96,690.00	
79,860.00	
79,860.00	
61,875.00	
61,S75.00	
42,570.00	
42,570.00	
21,945 .00	
21	,945.00	

Cred	Enh./	
Si11king	F11ndA4i	

Periodic		
Debt	S e,vice	
201,893 .99	
454,085.00	
231 ,990.00	
461,990.00	
224,400.00	
474,400.00	
216,150 .00	
481,150.00	
207,405.00	
492,40	5.	00	
198,000.00	
498,000.00	
188,100.00	
508,100.00	
177,540.00	
522,540.00	
166,155.00	
531,155.00	
154,110.00	
544,110.00	
141,240'.00	
561,240.00	
127,380.00	
577,380.00	
112	,530.00	
592,530.00	
96,690,00	
606,690.00	
79	,860.00	
624,860.00	
61,875 .00	
646,875 .00	
42,570.00	
667,570.00	
21,945 .00	
686,94500	

P,~sent Value Factor 0.9729520 0 9418660 0.9117733 0.8826420 0.8544415 0.8271419 0.8007146 0.7751317 0.7503661 0.7263918 0.7031835 0.6807167 0.6589677 0.6379136 0.6175321 0.5978019 0.5787020 0.5602124 0.5423136 0.5249866 0.5082132 0.4919757 0.4762570 0.4610405 0.4463102 0 .4320505 0.4182465 0.4048834 0.3919473 0.3794246 0.3673019 0.3555665 0.3442061 0,3332087 0.3225626 0.3122567

Duro1111ttd	
Debt Sefl!ice	
196,433.16	
427,687.24	
211		,522	.28	
407,771.78	
191,736.66	
392,396	.13	
173	,074	.47	
372,954.61	
155,629.68	
357,678.96	
139,230.33	
338,996.91	
123,95	1.	82	
324, 123.89	
109,636.66	
312,375.41	
96,154.24	
297,559.63	
83	,575	.94	
285,650.44	
71	,	780.03	
276,	116.44	
60	,665	.62	
266,	195	.57	
50	,223.29	
256,002.90	
40,440.25	
245,638.72	
JI	,300	.91	
:237,087	.23	
22,726.80	
230,	007.11	
14,	652	.86	
222,440.14	
7,078.64	
214,503.19	

REUNIE15-1-2015-1	I	FY: 1	I Mun-EaseElevateMainDb I 16.95f·EDB I 07/30/201819:	371	RptDth	

Grau & Associates

Grau & Associates CPAs

Page

1

Reunion East COD

Special Assessment Refunding Bonds, Series 2015-1

A.Y.L. Verification Report

7,245,000.00

Dated:		05129/2015	
Delivered·	05129/2015	
MSRB	30/	360 SEMI 4/ J	

	Coupon	Principal	Co,ipon	
Period	Date	P'!)l11Jent	R,1/e	
		7,245,000.00		

Interest

Pqpnmt

5,336,858.99

Cml.	Enh./	
Sinking	Fund Atfj	
	0.00	

Periodic

Debt Se,vice

12,58 I ,858.99

Prrsent Value	Disco1111ted	
Fae/or	Debt S erofre	
	7,244,999.96	

True Interest Cost (TIC) . . .	. . .  , ,	
Ne! Interest Cos/ f,VJC)  .........	.	
Arbitrage	Yield Limit	(AYL) ......	.	
hbi1rage	Net /11/eresl	Cos/	(ANJC) . . . .. ... .	

6.6009292 6.6000000 6.6009292 6.6000000

Face value ofbo11d fss11e	.		
Accrued in/erest	(-) ............		... .	
Original issue premi11mldisco11111	(~ ) . .... .	
Bond surety fee (-) . .......	. ...........	.	
lump-sum credit enhancements(-) . ..... . .	
01her AYL costs	(-) ...................		.	
AYI.	Target.			

$7,245,000.00

$0.00 so.oo
$0.00

$7,245,000.00

REUNIE15-1-2015-1	I	FY. 1	I Mun-EaseElevateMainDb I 16.951	EDB I 07/30/2018	I 9:371	Rpt0th	

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Grau & Associates CPAs

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Reunion East COD					
Special Assessment	RefundinR Bonds,	Series	20	I 5-1	
T.I.C. Verification	Reoort  (Regular)				

.MSRB	30/ 160 SEMI ~/J	
Dated:	5/29/2015	

7,245,000.00

Drl,im,d:	5/29/2015	

	Coupon	
Pniod	Date	
I	11/1/2015	

2	5/112016

3	11/1/2016

4	5/1/2017	
5	11/1/2017	
6	5/1/2018	

7	11/1/2018

8	5/1/2019

9	11/1/2019

10	5/1/2020

II	11/1/2020	
12	5/1/2021	
13	11/1/2021	
14	5/1/2022	
15	11/1/2022	
16	5/1/2023	
17	1111/2023	
18	511/2024	
19	111112024	
20	5/1/2025	
21	11/1/2025	

22	5/1/2026

23	11/1/2026

24	5/112027

25	1111/2027	

26	5/1/2028

27	11/1/2028

28	5/1/2029

29	11/1/2029

30	5/112030

31	11/1/2030	
32	511/2031	
33	11/1/2031	
34	51112032	
35	Jl/1/2032	
36	511/2033	

Pn.mipal	
P'!pnmt	
215,000.00	
230,000.00	
250,000.00	
265,000.00	
285,000.00	
300,000.00	
320,000.00	
345,000.00	
365,000.00	
390	,000.00	
420,000.00	
450	,000.00	
480,000.00	
510,000.00	
545,000.00	
585,000.00	
625,000.00	
665,000.00	

Coupon

Rote

6.600

6.600

6.600

6.600

6.600

6.600

6.600

6.600

6.600

6.600

6.600

6.600

6.600

6.600

6.600

6.600

6.600

6.600

Interest	
Paymmt	
201,893.99	
239,085.00	
231,990.00	
231,990.00	
224,400.00	
224,400.00	
216,150.00	
216,150.00	
207,405.00	
207,405 .00	
198,000.00	
198,000.00	
188,100.00	
188, 100.00	
177,540.00	
177,540.00	
166,155.00	
166,155.00	
154,	110	.00	
154,110.00	
141,240.00	
141,240.00	
127,380.00	
127	,380.00	
112,530.00	
112,530.00	
96,690.00	
96,690.00	
79,860.00	
79,860	.00	
61,875.00	
61,875.00	
42, 570.00	
42, 570.00	
21,945:00	
21,945.00	

Credit

E11hanremenli

Periodic		
Debt S ero,'ce	
201,893.99	
454,085.00	
231,990.00	
461,990.00	
224,40000	
474,400.00	
216;150.00	
481,150.00	
207,405.00	
492,405.00	
198,000.00	
498,000.00	
188,100.00	
508,100.00	
177,540.00	
522,540.00	
166,155.00	
531,155.00	
154,110.00	
544,110.00	
141,240.00	
561,240.00	
127,380.00	
577,380.00	
112,530.00	
592,530.00	
96,690.00	
606,690.00	
79,860	.00	
624,860.00	
61	,875.00	
646,875.00	
42,570.00	
667,570.00	
21.945 .00	
686,945 .00	

Pment Value Fa,1or 0.9729520 0.9418660 0.9117733 0.8826420 0.8544415 0.8271419 0.8007146 0.7751317 0.7503661 0.7263918 0.7031835 0.6807167 0.6589677 0.6379136 0.6175321 0. 5978019 0.5787020 0.5602124 0.5423136 0.5249866 0.5082132 0.4919757 0.4762570 0.4610405 0.4463102 0.4320505 0.4182465 0.4048834 0.3919473 0.3794246 0.3673019 0.3555665 0.3442061 0.3332087 0.3225626 0.3122567

Dirro11nled Debt Service 196,433.16 427,687.24 211,522.28 407,771.78 191 ,736.66 392,396.13 173,074.47 372,954.61 155,629.68 357,678.96 139,230.33 338,996.91 123,951.82 324,123.89 109,636.66 312,375.41 96,154.24 297,559.63 83,575.94 285,650 .44 71,780 .03 276,116.44 60,665.62 266,195.57 50,223.29 256,002.90 40,440.25 245,638.72 31,300.91

237,087.23 22,726.80 230,007.11 14,652.86 222,440.14 7,078.64 214,503 .19

REUNIE15-1-2015--1  I FY: 1 I Mun-EaseElevateMainDb I 16.95f EDB I 07/30/2018	I 9:38	I Rpt018	
Grau & Associates			

Page	1	

Grau & Associates CPAs

Reunion East CDD				
Special Assessment RefundinR	Bonds, Series	20 I 5-1	
T.I.C.	Verification	Reoort  (Regular)		
7,245,000.00				
	Coupon	Prin,ipal	Coupon	Interest	
Period	Dau	Pqy,nenl	Rate	Pqyment	

Credit

Enhanmnent.r

Penodk

Debt Sin•ice

		l		
MS RB	JOI Jt;O SEMI.// 1		
D.1ted:		5/2'1/2015		
				
D,iiz,m/:	5/29/201 i		
Pre.rent Value		Dis.-o,mted		
Factor		DebtSmice		

7,245,000.	00			5.336,858.	99	
Trne lnleres/ Cos/ (rIC) . . . ..... . ··--	•	••  a  •	6.6009292		
Ne1 Interest Cos/ (NJC}. .... . . .			6.6000000		
Arbi1rage Yield limit (A YL) ......			6.6009292		
Arbitrage Net Interest Cost (ANJC)			6.6000000		

0.00	11,581,858.99		
Face value of bond Issue..	. . . . . .. .. .	
Accrued illleresr (~) .... .. . ...........	.	
Original issue premium/discount (~,1 . .... .	
Undenvriter discount (-J ......	.	
lump-s11m credit enhancemenrs {-) ....	
Other TIC costs (-) ... . .. . ... .		
Bond surety Jee (-) .		
	TIC Targe, ..... .		

7,144,999.96 $7,245,000.00

$0.00 $0.00 $0.00

N/A $7,245,000.00

REUNIE15	°1-2015--1	I	FY: 11	Mun-EaseElevateMainDb I 16.95fEDB	I 07130/2018	I 9:38	I Rpt01a	

Grau & Associates

Grau & Associates CPAs

Page	2	

Reunion East CDD

Special Assessment Refunding Bonds, Series 20 I 5-1

Unspent Proceeds Report

$ 7 ,.245,000.00

Dated:	05/29/2015	
Delivered:	05/29/2015	

Cal.	G,p			F11,uf				
Dale	ID		Pu,p	ID	Desaip1io11		
05129/2015	-1		N	COi	Beg. Arbitrage Gross Proceeds		
05/29/2015	2016	y		Reverse Beg Arb Gross Proceeds		

05i29/2015	2016	y		Transfe1Ted	funds		
							
06/04/2015	2016		y		COi			
								
06104,2015	2016		y		COi			

06i05/2015	2016		y		COi			
								
06/08/2015	2016		y		COi			
06/0912015	2016		V		COi			
06/16/2015	2016		y		COi			
								
07/02/2015	2016		y		Reserve			
								
07124/2015	2016		y		COi			
								
08104/2015	2016		y		Reserve			
								
09/02/2015	2016		y		Reserve			
								
10/0212015	2016		y		Reserve			

11103/2015	2016	-·y		Reserve			
12/0212015	2016		y		Reserve			
								
12104/2015	2016		y		C.01			
								
011os12016	2016		y		Reserve			
								
02/-02/2016	2016		y		Reserve			
								
03/02/2016	2016		y		Reserve			

04104/2016	2016		y		Reserve			
								
OS/OJ/2016	2016		y		Reserve			
								
06/0212016	2017		y		Reserve			
								
07/05/2016	2017		y		Reserve			
08/02/2016	2017		y		Reserve			
								
0910212016	2017		y		Rescrve			
								
10104/2016	2017		y		Reserve			

Gross	
Amo,1111	
7,245,000.00	
-549,317	,00	
-243,733	.00	
247,401.00	
65,000.00	
37,775.00	
22,500.00	
15,000,00	
2.00	
7,500.00	
2.00	
2.00	
2.00	
2.00	
200	
52,599.00	
2.00	
2.00	
2.00	
2.00	
2.00	
2.00	
2.00	
2.00	
2.00	
2,00	

	Pool	
Ptrcenll1ge	
100.0000000	
100.00QOOOO	
I00.0000000	
100.0000000	
I 00.0000000	
I 00.0000000	
I00	.0000000	
100.0000000	
100.0000000	
100	.0000000	
l 00	.0000000	
100	.0000000	
100.0000000	
I 00	.0000000	
100.0000000	
100	,0000000	
I 00.0000000	
I 00.0000000	
100.0000000	
100.0000000	
I00.0000000	
100.0000000	
I 00.0000000	
I 00.0000000	
I 00 .0000000	
100.0000000	
100.0000000	

Nonp11rfJ(Ju

l,ivtslllltlll

P111pose	
Expmdiltn-es	
7,245,000.00	
-549,317.00	
-243,733.00	
247,401.00	
65,000.00	
37	,775.00	
22,500.00	
15,000.00	
	2.00	
7,500.00	
	2.00	
	2.00	
	2.00	
	2.00	
	2.00	
52,599.00	
	2.00	
	2.00	
	2.00	
	2.00	
	2.00	
	2.00	
	2.00	
	2.00	
	2.00	
	2.00	

UN1pt11!	
Prom,is	
7,245,000.00	
0.00	
549.31700	
793,0SO.OO	
545,649.00	
480,649.00	
442,874	.00	
420,374.00	
405,374.00	
405,372.00	
397,872.00	
397,870.00	
397,868.00	
397,866.00	
397,864.00	
397.862.00	
345,263.00	
345,261.00	
345,259.00	
345,257.00	
345,255.00	
345,253.00	
345.251 .00	
345,249.00	
345,247.00	
345,245.00	
345,243.00	

REUNlE15-1-2015--1  I FY: 1 I	Mun-EaseElevateMainDb I16,!ISf EOB I 07/3012018	l.9:34	I Rpt11	
Grau & Associates				
Grau & Associates CPAs			

Pag e	1	

Reunion East CDD

Special Assessment Refunding Bonds, Series 2015-1

Unspent Proceeds Report

Dated:	05/29/2015

Delivered:	05/29/2015

$ 7,245,000.00

Cak	G,p	P,,,p	F1111d		Gross	Pool	No11p11rpose	Pn,pose	Umpent		
Dole	ID		ID	Demiptio11	Amo1111I	Ptrce11toge	lllvest111e1/I	Expe11dit11m	Proceeds		

11;0212016	2017    y

12'0212016	2017	y

OL·0412017	2017    y

02/0212017	2017	y

03;0212017	2017	y

0410412017	2017	y

05,-02,2017	2017	\'

06:02/2017	2018    y

0710512017	2018    y

08102/2017	2018	\'

0910512017	2018   \'

I0/0312017	2018	y

11:0212017	2018    \'

l2i04i2017	2018    y

Oli03i20l8	2018    \'

02102120)8	2018    y

03'0212018	2018   y

04i03120)8	2018    y

OS,02/2018	2018    y

Reserve	2.00	100.0000000	2.00	345,241.00	
Reserve	2.00	I 00.0000000	2.00	345,239.00	
Reserve	24.00	I 00 .0000000	24.00	345,215.00	
Reserve	52.00	I 00.0000000	52.00	345,163.00	
Reserve	48.00	I 00.0000000	48.00	345,115.00	
Reserve	76.00	100.0000000	76.00	345,039.00	
Reserve	102.00	I 00 .0000000	l02.00	344,937.00	
Reserve	110.00	I00.0000000	110.00	344,827.00	
Reserve	140.00	100,0000000	140.00	344,687.00	
Reserve	172.00	I 00.0000000	I i2.00	344,515.00	
Reserve	178,00	100.0000000	178.00	344,337.00	
Reserve	174.00	100.0000000	174.00	344,163.00	
Reserve	183.00	100.0000000	183.00	343,980.00	
Reserve	188.00	l00 .0000000	188.00	343,i92.00	
Reserve	232.00	100.0000000	232.00	343,560.00	
Reserve	269.00	I00.0000000	269.00	343,291.00	
Reser.re	251.00	100.0000000	251.00	343,040.00	
Reserve	321.00	I00 .0000000	321.00	342,719.00	
Reserve	359.00	I 00.0000000	359.00	342,360.00	

	6,902,640.00			0.00	6,902,640.00	
First hwestmelll Date.	.............	, ..........	5/2912015	
Calculatio11 Date . .......	, . , .................	5/3112018	
Arbitrage Held Limit (AYL) ... .................			6.6009292	
Internal Rate ofReturn (/RR). .. . .. . ..	•••.• .. .	•	0.2720464	

REUNIE15-1-2015--1  I FY· 1 I Mun~EaseElevateMainDb 116.95f EDB I 07/30/201819:34 I Rpl11

Grau & Associates

Grau & Associates CPAs	Page   2

Reunion East CDD

Special Assessment Refunding Bonds, Series 20 I 5-1

f.R.R. Report Via Purpose Expenditures

S 7 .245,000.00

Dated:	05/29/2015		
Delivered:	05/29/2015		

G,p	Trans	F1111d		
ID	Date	ID	Desmpiion	

Dqy Corm/	Cakulation Amt	Pool	
Factor	(brtemt Eamingr)	Pc~	

** lntemal Role ef Return *"'	
PV Factor	PVA llli	

-1 2016

05/29/2015

05/29/2015 05/29/2015 06/04/2015 06/04/2015 06/05/201S 06/08/2015 06/09/2015 06/16/2015 07/02/2015 07/24/2015 08/04/2015 09/02/201 S 10/02/2015 11/03/2015 12/02/2015 12/04/2015 01/05/2016 02/02/2016 03/02/2016 04/04/2016 05/03/2016

Beg. Arbitrage Gross Proceeds

Transferred funds Reverse Beg Arb Gross Proceeds COi COi COi COi COi COi Reserve COi Reserve Reserve Reserve Reserve Reserve COi Reserve Rescn•e Reserve Resen·c Reserve

0 .0000000	(7,245,000.00)	100.000	
0.0000000	(549;317.00)	I00.000	
0.0000000	7,245,000.00	100.000	
0.0277778	(243,733.00)	100.000	
0.0277778	247,401.00	100.000	
0.0333333	65,000.00	100.000	
0.0500000	37,775 .00	100.000	
0.0555556	22,500.00	100.000	
0.0944444	15,000.00	100.000	
0.1833333	2.00	100.000	
0.305S556	7,500.00	100.000	
0.36JI	111	2.00	100.000	
0.5166667	2.00	100.000	
0.6833333	2.00	100.000	
0.8555556	2.00	100.000	
1.0166667	2.00	100.000	
1.0277778	52,599.00	l00.000	
1.2000000	2.00	100.000	
1.3500000	2.00	100.000	
1.5166667	2.00	l00.000	
1.6944444	2.00	100.000	
1.8555556	2.00	100.000	

1.0000000	(7,245,000.00)	
1.0000000	(549,317.00)	
1.0000000	7,245,000.00	
0.9999622	(243,723.80)	
0.9999622	247,391.66	
0.9999547	64,997.05	
0.9999320	37,772.43	
0.9999245	22,498.30	
0.9998716	14,998.07	
0.9997508	2.00	
0.9995847	7,496.89	
0.9995093	2.00	
0.9992979	2.00	
0.9990716	2.00	
0.9988377	2.00	
0 .9986190	2.00	
0,9986039	52,525 .57	
0 .9983702	2.00	
0.998166,6	2.00	
0.9979405	2.00	
0.9976994	2.00	
0.9974809	1.99	

201	7	

06/02/2016 07/05/2016 08/02/2016 09/02/2016 10/04/2016 11/02/2016 12/02/2016 01/04/2017 02/02/2017 03/02/2017 04/04/2017 05/02/2017

Reseivc

Reserve

Reserve

Reseive

Rescive

Reseive

Rese1Ve

Reserve

Reserve

Reseive

Reserve

Reserve

2.0166667	2.00	l00	.000	0.9972625	1.99		
22000000							
	2.00	100.000	0 .9970140	1.99		
2 .3500000							
	2.00	100.000	0.9968107	1.99		
2.5166667							
	2.00	100.000	0.9965849	1.99		
2.6944444	2.00					
		l00.000	0 .9963441	1.99		
2.8500000	2.00	100.000	0.9961335	1.99		
3.0166667							
	2.00	100.000	0.9959078	1.99		
3.1944444	24.00	100.000	0 .9956672	23.90		
3.3500000	52.00	l00.000	0 .9954567	51.76		
3.5166667	48.00	100.000	0 .9952312	47.	77		
3 .6944444								
	76.00	l00.000	0.9949907	75 .62		
3.8500000							
	102.00	100.000	0.9947803	101.47		

2018

06/02/2017 07/05/2017 08/02/2017 09/05/2017 10/03/2017 11/02/2017 12/04/2017 01/03/2018 Oi/02/2018 03/02/2018 04/03/2018 05/02/2018

Reserve

ReselVC

Reserve

Reserve

Reseive

Rese.rvc

Reserve

Reserve

Reserve

Reseive

Reserve

Reserve

4.0166667 4.2000000 4.3500000 4.5333333 4 6888889 4.8500000 S.0277778 5.1888889 5.3500000 S.5166667 5.6888889 5.8500000

II0.00	
140.00	
172.00	
178.00	
174.00	
183	.00	
188:00	
232.00	
269.00	
251.00	
321.00	
359 .00	

100.000	0.9945550	
100.000.	0.9943072	
100.000	0.9941045	
100.000	0.9938568	
100.000	0.9936466	
l00.000	0.9934290	
100.000	0.9931890	
100.000	0.9929715	
100.000	0.9927541	
100.000	0.992S292	
100.000	0 .9922969	
100.000	0.9920796	

109	.40	
139	.20	
170	.99	
176.91	
172.89	
181.80	
186.72	
230.37	
267.	05	
249.	12	
318.53	
356.	16	

99999

05/31/2018

Unspent Proceeds as of05/3l/2018

6.011\	JI I	345,275 .00	100.000	0.9918623	342,465.27		

REUNIE15-1 -2015-1  I  FY: 1 IMun-EaseElevateMainDb I 16.	951	EDB	
Grau & Associates			
Grau & Associates CPAs			

I 07/30/2018

I

9:34	I Rpt09c	

Pag

e

1

Reunion East CDD

Special Assessment Refunding Bonds, Series 2015-1 I.R.R. Report Via Purpose Expenditures

$ 7,245,000.00

Dated:

Delivered:

05/29/2015 05/29/2015

Grp

TD

Tra111

Date

Fund

ID

	Day Cou11t	Calculation Ami	Pool	** l11tm1al	Rate of &111n1 **	
Demiptio11	Factor	(l11ttresl Eaming1)	Pctg	PV Fm·tor	PVAml	
			2,915.00			0.02	
Arbitrage Held limit • ... .. ..	.. . .	.. . .		6.6009292		
Internal Rate ofReturn •• . . ..........				0.2720464		
Calculation Sta11dard . ••.••••	• •• ..	••.	MSRB  30/360 SEMI 4/3		

REUNIE:15-1-2015-1  I FY· 11 Mun-EaseElevater.1ainDb	I 16.95f EOB I 07/30/2018	I 9·34	I Rpto9c	
Grau & Associates				

Page	2	

Grau & Associates CPAs

REUNION EAST

COMMUNITY DEVELOPMENT DISTRICT $8,475,000

SPECIAL ASSESSMENT REFUNDING BONDS

SERIES 2015-2

ARBITRAGE REBATE REQUIREMENT

MAY 31, 2018

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 30, 2018

Reunion East Community Development District

Osceola County, Florida

Re:

$8,475,000 Reunion East Community Development District (Osceola County, Florida) Special Assessment Refunding Bonds, Series 2015-2 (the "Bonds")

Reunion  East  Community  Development  District  has  requested  that  we  prepare		
certain computations related to the above-described Bonds for the year ended May		
31, 2018 ("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, the Official Statement and memorandum in		
connection with the	trifurcation 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								
	($77,612) for May 31, 2018.  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 (May 31, 2018).	
Arbitrage Yield  Limit  (AYL) 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 (I RR) Report Via Purpose Expenditures - rate of return for the investment portfolio. This report presents expenditures by the internal rate of return to the delivery date.

Verifies the internal values the purpose

Reunion East COD

Special Assessment Refunding Bonds, Series 2015-2

Summary of Rebate Calculations

$ 8,475,000.00

.Anniversary Date. . .. . . . .	. . . .	. . . . . . . ........ . . . . . . . . . . . .. , . , . . . . . , ..	
F11lure-Va/11e Date. ........	. ......	, ..... . . . . . . . . . . . . . . , . , ... . . . . . .. .	
Arbitrage Yield u111it. ......	. . .	. . . . . . .... . . . .•..... . . . . . . . . . . . .. ... ..	
Total r1·	A,rpoie Expendituru. . . .	. . . . . . . .... . . . . . . . . . . . . . . .. . . .... ... . .	
Internal	Rate of Retum.. ..	, , ...	. ....... . . . . . .............. . . . . . . . . . . .	
900;'o	'!I. rebate liabili(y. ..............		, .. . , . . . ............... . . . . . . , . • .	
Fu/1	rebate liabilif_y. . . . . . . . . . . .	. . . . . . . . . .. . . . . . . . . . . . . . . • . - , .. • • , - • • •	

Dated:	05/29/2015	
Delivered:	05/29/2015	

11/01/2015

05/31/2018

6.6008322

$8,104, 142.00

0.2792662

-$69,850.74

-$77,611.94

REUNIE15-2,2015---2 I FY: 11	Mun-	EDB I D7/30/2018	I 10:29I		
	EaseElevateMainDb I 16.951				
Grau & Associates					
Grau & Associates CPAs				

Rpl22

Page	1	

Reunion East ·CDD		
Special		
Assessment Refunding Bonds. Series 20 I 5-2	
Purpose Expenditures	Future Value Report	
$ 8,475,000.00		

Daled:		05/29/2015	
Delivered:		05/29/2015	
F11l11rt Val11td	To:	05/31/2018	

Transa,tio11 Dau 5/29/2015 5/29/201S 5/29/2015 6/4/2015 7/2/2015 8/412015 9/2/2015 10/2/2015 11/3/2015 12/2/201 5 1/5/2016 2/2/2016 3/2/2016 4/2/2016 513/2016 6/2/2016 7/5/2016 8/2/2016 9/2/2016 10/4/2016 1112/2016 12/2/2016 114/2017 21212017 3/2/2017 4/412017 5/2/2017 6/2/2017 7/5/2017 812/2017 9/512017 l0/3/2017 11/2/2017 12/4/2017 1/3/2018 212/2018 3/2/2018 4/3/2018 5/2/2018 5/31/2018

Group

ID

-I 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018 2018 2018 2018 2018 2018 2018 -I

Fund

ID

COi

Desm"ption		
Beg. Arbitrage Gross Proceeds	
Reverse beg arb gross proceeds	
Trans ferrcd funds		
COi		
Reserve		
Rese"'e		
Rese"'e		
Reserve		
Reserve		
Reserve		
Reserve		
Reserve		
Reserve		
Reserve		
Reserve		
Reserve		
Rese"·e		
Reserve		
Reserve		
Reserve		
Reserve		
Reserve		
Reserve		
Reserve		
Resen'e		
Rese"·c		
Reserve		
Reserve		
Reserve		
Reserve		
Reserve		
Reserve		
Reserve		
Reserve		
Reserve		
Reserve		
Re Cl'\C		
R1:scrvc		
Rcse"'c		
Unspent Proceeds	as ofOS/31/2018	

ruture Value Penods

6 .0111111 6.0111111 6.01 ll 111 S.9833333 5.8277778 5.6500000 5.4944444 5.3277778 5.1555556 4.9944444 4 .8111111 4.6611111 4.4944444 4.3277778 4.1555556 3.9944444 3.8111111 3.6611111 3 .4944444 3.3166667 3. 1611111 2 .9944444 2.8166667 2.6611111 2.4944444 2.3166667 2.1611111 1.9944444 1.8111111 1.6611111 1.4777778 1.3222222 1.1611111 0.9833333 0.8222222 0 .6611111 0.4944444 0.3222222 0.1611111 0 .0000000

C.alcula1io11 Amt		FV		
(Int. Eanling,)	Pool %	Fat/or		
-8,475,000.00	100.0000000	1.2155396		
8,475,000.00	100.0000000	1.2155396		
				
-617 ,746.00	100.0000000	1.2 155396		
				
243, 733.00	IQ0.0000000	1.2144437		
2.00	100.0000000	).2083249		
2.00	100.0000000	1.2013698		
2.00	I 00.0000000	1.1953169		
2.00	100.0000000	1.1888654		
2 .00	I 00. 0000000	1.18223S5		
				
2.00	I 00.0000000	1.1760669		

2.00	I 00.0000000   1.1690865

2.00	100.0000000	1.1634061		
					
2.00	100.0000000	1.1571269		
2.00	100.0000000	1.1508816		
2.00	100.0000000	1.1444635		
2.00	100.0000000	1.1384919		
					
2.	00	100.0000000	1.1317345		

2.00	100.0000000   1.1262356

2.00	100.0000000   1.1201570

2.00	l00.0000000   1.1137094

2.00	100.0000000	1.1080981		
					
2	.00	100.0000000	1.1021174		
27	.00	100.0000000	1.0957736		
					
57	.00	100.0000000	1.0902527		
52	.00	I 00.0000000	1.0843683		
					
82	.00	100.0000000	1.0781267		

111.00	100.0000000   1.0726947

119.00	100.0000000   1.0669051

	151 00100 0000000   1.0605726

187.00	100.0000000   1.0554195

193.00	ioo.0000000   1.0491552

188.00	100.0000000   1.0438692

198.00	100.0000000   1.0384225

204.00	100.0000000   1.0324453

251.00	100.0000000   1.0270582

291.00	100.0000000   1.0216992

272.00	100.0000000   1.0161848

348.00	I 00.0000000   1.0l05179

388.00	100.0000000   1.0052452

374,013 .00	100.0000000	L0000OO0		

FV			
A1"0flll/		
-10,301 ,698.	17	
l0.30 I ;698.	17	
-750,894.73	
296,	000.01	
	2.42	
	2.40	
	2.39	
	2.38	
	2.36	
	2.35	
	2.34	
	2.33	
	2.31	
	2.30	
	2.29	
	2.28	
	2.26	
	2.25	
	2.24	
	2.23	
	212	
	220	
	29.S9	
	62.14	
	56.39	
	88	.41	
119.07	
126	.96	
160.15	
197.36	
202.49	
196.25	
205 .61	
210.62	
257 .79	
297.31	
276.40	
351.66	
390.04	
374,013	00	

REUNIE15-2-2015--2 I FY: t I Mun-EaseElevateMainDb I 16.95f EDB I 07/30/2018110:29 I Rplt5a

Grau & Associates
. Grau & Associates CPAs

Page	1	

Reunion	East CDD						Dated:			
Special Assessment Refunding	Bonds, Series 2015-2							
					Delivered:			
											
Purpose Expenditures Future Value Report					F11t11re	Val11td	To:		
									
$ 8,475,000.00											
T ransactio11	Group	F1111d			F11/11re	[ •'a/11e	Calcu/atio11 A111t		FV			
Date	ID	ID	Dm'riptio11		Periods	(bit. Earnings)	Pool %	Factor			
							J,155.00					
		Arbitrage Yield Limit (Al1.)	. . • ...	..... . ...		6.6008322					
			lntemat Rate of Return (/RR) .. .. . . . ..	. ... .		0.2792662					
			Future Valued To•• .••.•...	•....  . . ....	. . •.		5/31/2018					

05(29/2015 05/29/2015 05/31/2018

FV A ,1101111/

-77,611.94

REUNIE15-2-2015-2 I  FY: 1 I Mun-EaseElevateMainDb J 18.951	EDB I 0713012018	I 10.29	I Rpt15a	
Grau & Associates				
Grau & Associates CPAs				

Page	2	

I

Reunion East CDD

Special Assessment Refunding Bonds, Series 2015-2

A.Y.L Verification Report

8,475,000.00

Dated:	05/29/2015	
Delivered:	05/29/2015	
MSRB  30/360SElvlI 4/3	

	Co11pon	
Period	Date	
I	11/01/2015	

2	05/01/2016

3	11/01/2016

4	05/01/2017

5	11/0112017	

6	05/01/2018

7	I l/01/2018

8	05/01/2019	
9	11/01/2019	
IO	05/01/2020	
II	11/01/2020	
12	05/01/2021	
13	11/01/2021	
14	05/0)/2022	
15	I l/01/2022	

16	05/01/2023

17	11/01/2023

18	05/01/2024

19	11/01/2024 20 05/01/2025 21 11/01/2025
22	05101/2026	
23	11/01/2026	
24	05/01/2027	
25	1.1/01/2027	
26	05/0112028	

27	11/01/2028

28	05101/2029

29	I 1/01/2029

30	05/01/2030

31	11/01/2030	

32	OSiOl/2031

33	11/01/2031

34	05/01/2032	

35	11/01/2032

36	05/01/2033

37	11/01/2033

38	05/01/2034

39	11/0\/2034

40	05/01/2035

41	11/01/2035	

Principal	
P'!)'lllelll	
195	,000.00	
205,000.00	
220,000.00	
235,000.00	
250,000.00	
270,000.00	
285,000.00	
305,000.	00	
325,000.00	
350,000.00	
37S,000.00	
400,000.00	
425,000.00	
455,000.00	
485,000.00	
520,000.0Ci	
555,000 .00	
590,000.00	
635,000.00	
675,000 .00	

CoHJ>IJH

Rate

6 .600

6.600

6.600

6.600

6 .600

6.600

6.600

6.600

6.600

6.600

6.600

6.600

6.600

6.600

6.600

6.600

6.600

6.600

6.600

6.600

Interest	
Paymmt	
236,170.00	
279.675.00	
273,240.00	
273,240.00	
266,475.00	
266,475.00	
259,215.00	
259,215.00	
251 ,460.00	
251,460.00	
243,210.00	
243,210.00	
234,300.00	
234,300.00	
224,895.00	
224,895.00	
214,830.00	
214,830.00	
204,105 .00	
204,105.00	
192,555.00	
192,555.00	
180, 180.00	
180, 180.00	
166,980.00	
166,980.00	
152;955.00	
152,955.00	
137	,940.00	
137,940.00	
121		,935.00	
121,935.00	
104,775.00	
104,775 .00	
86,460.0Ci	
86,460.00	
66,990 .00	
66,990.00	
46,035 .00	
46,035.00	
23	,760.00	

Cred. E11h./

Sinkin,gF1111dAdj

Periodi.-		
Debt Servi,'C	
236,170.00	
474.675 .00	
273,240.00	
478,	240	.00	
266,475.00	
486,475.00	
259,215.00	
494,215.00	
251,460.00	
501,460.00	
243,210.00	
513,210.	00	
234,300.00	
519,300.	00	
224,895.00	
529,895.00	
214,830.00	
539;830.00	
204,105.00	
554, I05.00	
192,555.00	
567,555 .00	
180, 180.00	
580,180.00	
166,980.00	
591,980.	00	
152,955.00	
607,955.00	
137,940.00	
622,940.00	
121	,93S.OO	
641	,935 .00	
104, 775.00	
659;775.00	
86;460.00	
676,460.00	
66,990.00	
701,990.00	
46,035 .00	
721,035.00	
23	,760 .00	

Pnsml Va/11e Factor 0.9729524 0.9418669 0.9117745 0 .8826436 0.8544434 0.8271442 0.8007172
0.	7751345

0.	7503692

0.	7263952

0	7031871

	0.6807205

	0.6589717

	0 .6379177

	0.6175364

	0.5978063

	0.5787066

	0.5602171

	0.5423184

	0 ..5249915

	0.5082181

	0.4919807

	0.4762621

	0.4610457

	0.4463154

	0.4320558

	0.4182517

0.4048887 0.3919526 0.3794299 0.3673072 0.3555719 0.3442115 0 .3332140 0.3225679 0 .3122620 0.3022853 0.2926274 0 2832780 0.2742274 0.2654659

Di.rcounlld	
Debt Servi,'C	
229,782.16	
447,080.65	
249.13327	
422,115.47	
227,687.81	
402,384.98	
207,557	.91	
383,083.12	
188,687	.85	
364,258.12	
171,022.	13	
349,352.55	
154,397.06	
331,270.67	
138,880.86	
316,774.59	
124,323 54	
302,422.01	
110,	689	.89	
290,900.39	
97,	8S9.95	
279,226.	13	
85,812	.91	
267,489.48	
74,525.75	
255,768.38	
63,973 .69	
246,154.12	
54,065 .95	
236,362 .05	
44,787 .61	
228,254.	03	
36,064.7(;	
219,846.27	
27,889.22	
211,232.74	
20,250.09	
205,421.50	
13,040.70	
197,727.54	
6,307.47	

REUNIE15-2,2015-'2	I	FY: 1	I Mun°EaseElevateMainDb 116.951	EOB I 07130/2018110:32 I Rpt01h	

Grau & Associates

Grau & Associates CPAs

Page	1		

Reunion East	CDD			
Special Assessment Refunding	Bonds, Series 20	I 5-2	
A.Y.L.	Verification Report			
8,475,000.00				
	Co11pon	Pnircipal	Co11po11	Interest	
Period	Date	Pqymwt	Rate	Pqyme11t	
42	05/01/2036	720,000.00	6.600	23,760.00	
		8,475,000.00		7,420,435.00	

Cred.	E11h./	
Sinking	Fllnd Aefj	
	0.00	

Periodi,

Debt Sen,ice

743,760.00

IS,895,435.00

Dated:	05/29/2015	
Delivered:	05/29/2015	
MSRB  30/360SEMI4/J	
Present Value	DiscoHnled	
Factor	Debt S en:it-e	
0.2569844	191,134.68	
	8,475,000.03	

True Interest Cos/ (TIC) . , .	... . .. ... .	
Net /merest Cos1 (N!Cj . .. ............	• ...	
Arbitrage	Yield Limit (AYL).	. . . . . . . . . .   . .	
•4rbilrage	Net /nteresr Cost	(ANIC) .  . .	

6.6008322 6.6000000 6.6008322 6.6000000

Face \'alue ofbond Issue.				
4 ccroed imeresr (+)  .. ..		....	. . .  . ... ..	
Original issue premiumldiscoum (-) . .... .	
Bond surery fee (·) .. . ... .		..........	.	
lump-sum credit enhancements    .(·) .... .. .	
Other AYL costs (-) . ..........	.			
= AYl Target.	...	•	. .•   ....	

$8,475,000.00

$0.00 $0.00 $0.00

$8,475,000,00

REUNIE15-2-2015-2	I	FY: 1	I Mun-EaseElevateMainDb I 16.95f	EDB I 07/3012018	I 10:32	I Rpt01h	

Grau & Associates

Grau & Associates CPAs

Page

2

Reunion East COD

Special Assessment Refunding Bonds, -Series 2015-2
T.I.C.

.MSRB	JO/ 360	SEMU/ J	

Verification Reoort  (Regular}

8.475,000.00

Dated:

De/ir,rtd:

J/ 29/2015 5/29/20/j

		Coupon	
Period		Dale	
I	11/1/2015	
2	5/1/2016	
3	11/1/2016	
4	5/1/2017	
5	11/1/2017	
6	5/112018	
7	11/1/2018	
8	5/1/2019	
9	11/ 1/2019	
10	5/1/2020	
11	I 1/1/2020	
12	5/1/2021	
13	11/1/2021	
14	5/1	/2022	

15	11/1/2022

16	5/1/2023

17	11/1/2023

18	5/l/2024	
19	111112024	
20	5/1/2025	
21	11/1/2025	

22	511/2026

23	11/1/2026

24	5/1/2027 25 11/1/2027

26	5/1/2028

27	11/1/2028 28 5/112029 29 ll/1/2029 30 5/112030 31 11/1/2030 32 5/112031 33 11/1/2031 34 5/1/2032 35 11/1/2032 36 5/1/2033 37 11/1 /2033 38 5/1/2034 39 1111/2034 40 5/1/2035
41	11/1/2035	

Pnn.ipal	C0Hpo11	
Pqyment	Rate	
195,000.00	6.600	
205,000.00	6.600	
220,000.00	6.600	
235,000.00	6.600	
250,000.00	6.600	
270,000.00	6.600	
285,000.00	6.600	
305,000.00	6.600	
325,000.00	6.600	
350,000.00	6,600	
375,000.00	6.600	
400,000.00	6.600	
425,000.00	6.600	
455,000.00	6.600	
485,000.00	6.600	
520,000.00	6.600	
555,000.00	6.600	
590,000.00	6.600	
635,000.00	6.600	
675,000.00	6.600	

Imenst	
P([J!Hml	
236,170.00	
279,675 .00	
273,240.00	
273,240.00	
266,475.00	
266,475.00	
259,215 .00	
259,215.00	
251	,460.00	
251,460.00	
243,210.00	
243,210.00	
234,300.00	
234,300.00	
224,895.00	
224,895.00	
214,830.00	
214,830.00	
204,105.00	
204,105.00	
192	,555.00	
192,555.00	
180	,180.00	
180, 180.00	
166,980.00	
166	,980.00	
152,955.00	
152,955.00	
137,940.00	
137,940.00	
121	,935.00	
121		,935.00	
104	,775.00	
104,775.00	
86,460.00	
86;460.00	
66;990.00	
66	,990.00	
46,035.00	
46,035.00	
23	,760.00	

Cndit

E11ham:enm1t1

Periodi,·	
Debt Sef7lice	
236, 170.00	
474,675.00	
273,240.00	
478,240.00	
266,475.00	
486,475 00	
259,215.00	
494,215.00	
251,460.00	
501,460.00	
243,210.00	
513,210.00	
234,300.00	
519,300.00	
224,895.00	
529,895.00	
214,830.00	
539,830.00	
204,105 .00	
554,105.00	
192,555.00	
567,555.00	
180,180.00	
580,180.00	
166,980.00	
591,980.00	
152,955.00	
607,955 .00	
137,940.00	
622,940.00	
121	,935.00	
641,935.00	
104,775.00	
659,775.00	
86,460.00	
676,460.00	
66,990.00	
701	,990.00	
46,035 .00	
7il,035.00	
23,760.00	

Pnsml Value Factor 0.9729524 0.9418669 0.9117745 0.8826436 0.8544434 0.8271442 0.8007172 0.7751345 0.7503692 0.7263952 0.7031871 0.6807205 0.6589717 0 .6379177 0.6175364 0.5978063 0.5787066 0.5602171 0.5423184 0.5249915 0.5082181 0.4919807 0.4762621 0.4610457 0.4463154 0.4320558 0.4182517 0 4048887 0.3919526 0.3794299 0.3673072 0.3555719 0.3442115 0.3332140 0.3225679 0.3122620 0.3022853 0.2926274 0.2832780 0.2742274 0.2654659

Discmmled		
Debt Service	
229,782.	16	
447,080.65	
249,133.27	
422,	115	.47	
227,687.81	
402,384.98	
207,557.91	
383,083.12	
188,687	.85	
364,258.12	
171 ,022.13	
349,352 .55	
154,397.06	
:Bl,270.67	
138,880.86	
316,774.59	
124,323.54	
302,422.01	
110,689.89	
290,900.39	
97,859.95	
279,226.	13	
85,812.91	
267,489.48	
74,525.75	
255,768.38	
63,973.69	
246,154.12	
54,065.95	
236,362.05	
44,787.61	
228,254.03	
36,064.76	
219,846.27	
27,889.22	
211,232.74	
20,250.09	
205,421.50	
13,040.70	
197,727.54	
6,307.47	

REUNIE15-2-2015.-2 I FY: 1 I Mlin-EaseElevateMainDb 116.951 EDB I 07/30/2018	I 10:33	I Rpt0ia	
Grau & Associates			
Grau & Associates CPAs			

Page	1	

Reunion East CDD					
Special Assessment Refunding Bonds, Series 2015-2		
TJ.C.	Verification	Reoort  (Regular)				
8,475,000.00					
	Co11po11	P1incipal	Co11po11	/11terest	
Pmod	Date	Pf!Yme11t	Rote	Pro,1nent	
42	5/1/2036	720,000.00	6 .600	23	,760 .00	

Credit

E11hancemen/J

Pm'odJi:

Debt Service

743 ,760.00

	2	
MSRB	JO/ .160 SEMI ~/ J	
Da1td:	;J 29/ 2015	
	5/29/2015	
Present Value	Di.rco1111ted	
Factor	Debt Sen1ice	
0.2569844	191 , 134.68	

8,475,000.00	7,420,435.00	
True lnteresl Cos/ (fl(;) .. .		6.6008322	
Net ln1eres1 Cost (NIC) . . ...	. .. .	6.6000000	
Atbilrage Yield Umit (AYL)	. ...... .	6.6008322	
Arbitrage Net Interest Cos/	(A N!Cj .	6.6000000	

0.00	15,895,435.	00				
Face value ofbond /ss11e	.	. .	....... .	
Accrued interest(+) . .................				.	
Original issue premium/discount r~) . .... .	
Undenvriler discount	(- )	.. .. ..........		.	
lump-sum credit enhanceme11ts	(-J	...•....	
Other TIC costs (-) . ....	. .	.. .......		. .. .	
Bond surety fee (-) ...	.				
	= TIC Target				

8,475,000.0J $8,475,000.00
$0.00 $0.00 $0.00

NIA $8,475,000.00

REUNIE1!!--2-2015--2	I	FY: 1	I Mun-EaseElev~teMainDb I 16.951	EDB I 07/30/2018	I 10:33	I Rpl01a	

Grau & Associates

Grau & Associates CPAs

Page	2	

Reunion East CDD

Special Assessment Refunding Bonds, Series 2015-2

Unspent Proceeds Report

$ 8,475,000.00

Dated:	05/29/2015	
Delivered:	05/29/2015	

			Calt				
		Date			
05/29/2	015	
05	i29l2	015	
05	/29/	2015	
06104/2015	
07	/02/	2015	
08	/04,2	015	
0910212015	
10/02/	2015	
ll/0312015	
12102	12015	
01/05/	201	6	
02/02	/2016	
03	/0i	/	2016	
04	10212016	
OSiOJ	/20	16	
06/0212016	
07/05	12016	
08/02	/	2016	
09/02/2016	
10/04/2016	
11	10212016	
12/0212016	
01/04/	2017	
02102/201	7	
03	/02.'2	017		

G,p			
JD		P11,p		
	-I	N		
2016	y		
			
2016	V		
2016	V		
2016	y		
			
2016	y		
			
2016	y		
			
2016	y		
			
2016	y		
			
2016	V		
2016	y		
			
2016	y		
			
2016	y		
			
2016	y		
			
2016	y		
			
2017	y		
			
2017	y		
			
201	7	y		
				
2017	y		
			
2017	y		
			
2017	y		
			
2017	y		
			
2017	y		
			
2017	y		
			
2017	y		

Fi111d		
JD	Des.ription	
COi	Beg. Aroitrage Gross Proceeds	
	Reverse beg arb gross proceeds	
	Transferred funds	
	COi	
	Reserve	
	Reserve	
	Reserve	
	R~rve	
	Reserve	
	Reserve	
	Resen·e	
	Reserve	
	Reserve	
	Rcse"-e	
	Rescn-e	
	Reserve	
	Resen·c	
	Rcsen·e	
	Reserve	
	Reserve	
	Rcsen,-e	
	Resm•e	
	Reserve	
	Reserve	
	Reserve	

	Gross	
A111011nl	
8,475,000.00	
-6	17 ,746	.00	
243,733	.00	
		2.00	
	2.00	
	2.00	
	2.00	
	2.00	
	2.00	
	2.00	
	2.00	
	2.00	
	2.00	
	2.00	
	2.00	
	2.00	
	2.00	
	2.00	
	2.00	
	2.00	
	2.00	
	27.00	
	S7	.00	
	S2	.00	

				Pool	
Percmloge	
100	.0000000	
l 00	.0000000	
100.0000000	
I 00	.0000000	
100	.0000000	
l 00	.0000000	
100	.000.0000	
100	.0000000	
I 00	.0000000	
100	.0000000	
100	.0000000	
1000000000	
100	.0000000	
I 00	.0000000	
l 00	.0000000	
I00 .0000000	
I 00	.0000000	
I 00	.0000000	
I 00	.0000000	
l 00.0000000	
100	.0000000	
100	.0000000	
I 00	.0000000	
I 00	.0000000	
I00	.0000000	

Nonp11,po1e	Pu,post	Unspn,t		
l11vesln1tnl	Expemfit11m	Proaeds		
				
				8,475,000.QO		
	8,475,000.00		0.00		
	-617,746.00	617,746.00		
	243,73	3.	00	374,013.00		
		2.00	374,011		.00		
	2.	00	374,009	.00		
	2.00	374,007	.00		
	2.00	374,005	.00		
	2.00	374,003.00		
	2.00	374.001.00		
	2.00	373.999.00		
	2.00	373,997.00		
	2.00	373,995.00		
	2.00	373,993.00		
	2.00	373,991.00		
	2.00	373,989.00		
	2.00	373,987	.00		
	2.00	373,985	.00		
	2.00	373,983.00		
	2.00	373,981.00		
	2.00	373,979.00		
	2.00	373,977.00		
	27.00	373,950.00		
	57.00	373,893.00		
	52.00	373,841.00		

REUN1E15-2-2015--2	I	FY: 1	I Mun-EaseElevateMa,nDb I 16.95f	EDB I 07/30/2018	I 10:29	I Rpt11	

Grau & Associates

Grau & Associates CPAs

Page	1		

Reunion East COD

Special Assessment Refunding Bonds, Series 20 I 5-2

Unspent Proceeds Report

$8,475,000.00

Dated:	05/29/2015	
Delivered:	05/29/2015	

Cale	G,p		Fund			
						
Date	ID	P11,p	ID	Demiplion		
04;1>4i2017	2017	y		Reser,'C		
						
05/02;2017	2017	y		Rcscr,-e		
						
06/0212017	2018	y		Reserve		
						
07i0Sl2017	2018	y		Reserve		
						
0&•0212017	2018	y		Reserve		
						
09!05;2017	2018	y		Reserve		
						
10i03i2017	2018	y		Reserve		
						
ll i02i2017	2018	y		Reserve		
						
12;04/2017	2018	y		Reserve		
						
01;03i2018	2018	y		Reserve-		
						
02,0212018	2018	y		Rescr,•e		
						
03!'02,2018	2018	y		Rcser,-e		
						
04;0312018	2018	y		Reserve		
						
05!0212018	2018	y		Reser.·c		

Gross	Pool	,Vo11pu,pose	
Amo1ml	Perce11tage	Ini•esl1nml	

82.00	100.0000000

111.00	I 00.0000000	
119.00	I 00.0000000	
151.00	100.0000000	
187.00	I 00.0000000	
193	.00	I 00.0000000	
188.00	I00.0000000	
198	.00	100	.0000000	
204.00	100	,0000000	
2S1.00	100,0000000	
291	.00	I00 .0000000	
272	.00	100.0000000	

348.00	100.0000000

388.00	100	.0000000	

Purpose	
Expmdilltru	
82.00	
111.00	
119.00	
151.00	
187	.00	
193 .00	
188.00	
198	.00	
204.00	
251.00	
291	.00	
272.00	
348	.00	
388.00	

U11spm1	
Procteds	
373,759.00	
373,648.00	
373,529.00	
373	,378.00	
373,191.00	
372,998.00	
372,810.00	
372,612.00	
372,408.00	
372	,157.00	
371,866.00	
371,594.00	
371,246.00	
370,858.00	

	8,I04,142.00	
First Im•estmellt	Date. ........................	
Calculation Date	. ...... , ....................	
tlrbitrage l'ield Limit (AYL) ......	, ..... . .......	
flrternal Rate of Ret11m (/RR) . . . .	.. . . . ... ......	

0.00	8,104,142.00

5/2912015 5/31(2018 8.6008322 0.2792662

REUNIE15-2-2015--2	I	FY. 11	Mun-EaseElevateMainDb I 16.95fEDB	I 07/30/2018	I 10:29	I Rpt11	

Grau & Associates

Grau & Associates CPAs

Page

2

Reunion East COD			
Special	I 5-2		
Assessment Refunding Bonds, Series 20			
I.R.R. Report Via Purpose Expenditures			
$ 8,475,000.00			

Dated:	05/29/2015		
Delivered.	05/29/2015		

G,p	Trans	
ID	Date	
-I	05/29/2015	

FHnd

TD

Descriptio11

Beg. Arbitrage Gross Proceeds

Dqy Cim11t	Cakulation Amt	Pool	** l 11~mal	Rafe of Re11m1 "'l'	
Fartor	(foteml Eami11gs)	Pclg	PV Factor	PVA1111	
0.0000000	(8,475,000.00)	100.000	1.0000000	(8,475,000.00)	

2016	05/29/2015	
	05/29/2015	
	06/04/2015	
	07/02/2015	
	08/04/2015	
	09/02/2015	
	10/02/2015	
	I 1/03/2015	
	12/02/201:S	
	01/05/2016	
	02/02/2016	
	03/02/2016	
	04/02/2016	
	05/03/2016	
2017	06/02/20 I 6	
	07/05/2016	
	08/02/2016	
	09/02/2016	
	10/04/2016	
	11/02/2016	
	12/02/2016	
	01/04/2017	
	02/02/2017	
	03/0212017	
	04/04/2017	
	05/02/2017	
201 8	06/021201 7	
	07/05/2017	
	08/02/2017	
	09/05/2017	
	10/03/2017	
	11/02/2017	
	12/04/2017	
	01/03/2018	
	02/02/2018	
	03/02/2018	
	04/03/2018	
	05/02/2018	
99999	()5131/2018	

Transfe-rred fonds

Reverse beg arb gross proceeds

COi

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve
Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Unspent Proceeds as ofOS/31/2018

0.0000000 0.0000000 0.0277778 0.1833333 0.3611111 0.5166667 0.6833333 0.8555556 1.0166667 1.2000000 1.3500000 1.5166667 1.6833333 1.85555S6

2.0166667 2.2000000 2.3500000 2.5166667 2.6944444 2.8500000 3.0166667 3.1944444 3.3500000 3.5166667 3.6944444 3.8S00000

4.0166667 4.2000000 4.3500000 4.5333333 4.6888889 4.8500000 5.0277778 5.1888889 5.3500000 5.5166667 5.6888889 5.8500000

6.0llilll

(617,746 00)	100.000	1.0000000		
8,475,000.00	100.000	1.0000000		
				
243,733.00	100.000	0.9999612		

2.00	100.0000.9997442

2.00	100.0000.9994962

2.00	100.0000 .9992793

2.00	100.000    0.9990470

2.00	100.000    0.9988069

2.00	100.0000 .9985824

	2.00   100.0000.9983270

2.00	100.0000.9981180

2.00	100.0000.9978859

2.00	l00.0000.9976539

2.00	100.0000.9974142

2.00	100.000    0.9971900

2.00	100.0000.9969349

2.00	100.000    0.9967263

2.00	100.0000.9964945

2.00	100.0000.9962473

2.00	100.0000.9960311

2.00	100.0000.9957995

	27 .00   100.0000.9955525

57.00	100.0000.9953365

52.00	100.0000.9951050

82.00	100.000    0.9948582

111.00	100.000    0.9946423

119.00	100.0000.9944110

151.00	100.000    0.9941566

187.00	JOO.ODO   0.9939486

193.00	100.0000.9936943

188.00	100.0000.9934787

198.00	100.0000;9932554

204.00	100.0000.9930090

251.00	100.000    0.9927858

291.00	l00.0000.9925626

272.00	100.000    0.9923318

348.00	100.000    0 .9920934

388.00	100.000    0.9918704

374,013-00	100 000    0.9916474	
3,155.00		

(617,746.00)	
8,475,000.00	
243,723	55	
2.00	
2.00	
2.00	
2.00	
2.	00	
2.	00	
2.00	
2.00	
2.	00	
2.00	
1.99	
1.99	
1.99	
1.99	
1.99	
1.99	
1.99	
1.99	
26.88	
56.73	
51.75	
81.58	
110.41	
I 18.33	
150.12	
185.87	
191.78	
186.77	
196.66	
202.57	
249.19	
288.84	
269,91	
345.25	
384.85	
370,889.	03	

Arbitrage Yield Limit .. ..............

l11ternal Rare of Retum ...... , .. , ....

Ca/cula#im Stlllldard, •...•• .. . .. . . , .

MSRB

6.6008322 0.2792662 30/360 SEMI 4/3

REUNIE15-2-2015-2 I FY: 11 Mun-EBS!!ElevateMainOb I 16.95f	EDB. I 07/30/2018	I 10:29	I Rpt09c	
Grau & Associates				
Grau & Associates CPAs				

Page	1	

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT $3,515,000 SPECIAL ASSESSMENT REFUNDING BONDS SERIES 2015-3 ARBITRAGE REBATE REQUIREMENT MAY 31, 2018

Grau & Associates

CERTIFIED PUBLIC ACCOUNTANTS

951 Yamato Road •	Suite 280	
Boca Raton, Florida	33431		
{ 561) 994-9299 • (800) 299-4	728	
Fax (561) 994-5823			
www.graucpa .com			

July 30, 2018

Reunion East Community Development District

Osceola County, Florida

Re:

$8,475,000 Reunion East Community Development District (Osceola County, Florida) Special Assessment Refunding Bonds, Series 2015-3 (the "Bonds")

Reunion  East Community  Development  District  has  requested  that  we  prepare		
certain computations related to the above-described Bonds for the year ended May		
31, 2018 ("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, the Official Statement and memorandum in		
connection with the trifurcation 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		
Rebate	Requirement of $1	for May 31, 2018.	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.				
													
i?,4µJ-~												

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 (May 31, 2018).	
Arbitrage Yield  Limit  (AYL}  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 - rate of return for the investment portfolio. This report presents expenditures by the internal rate of return to the delivery date.

Verifies the internal values the purpose

Reunion	East CDD	
Special		
Assessment Refunding Bonds, Series 2015-3	
Summary	of Rebate Calculations	
$ 3,515,000.00	

Amrivenary Dale. . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . ........ . . . .	
1-'11111re-Value Date. .....	. . . .	• ... . .... . . . . . . . . ........... . . . . . . . .....	
Arbitrage Yield Limit.	............. . . . . . . . . . . . . . . .. . . .. . .. . . . . . . . . . . .	
Total ef	Pu,pose Expenditures. .	. . . . . . . . . . . . . . . . . . . .. . . . . . . .. . . . . . . . .•. .	
Internal	Rnle ef Retum.	. . . . . ....	. . . .......... . . . . . . . . . . . ............ .	
90% ef rebale liabili!J.	. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............ .	
Full rebate liabili(y. ....	.. . . . .	. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	

Dated:	05/29/2015	
Deli11ered:	05/2912015	

11/01/2015

05/31/2018

6.6009294

$3,515,000.00

499.5000000

$0.90

$1.00

REUNIE15-3-2015-1  I FY· 1 I	Mun-EaseEleilateMainOb I 16.95f EDB I 07/30/2016	I 16	'.43	I Rpl22	
Grau & Associates					
Grau & Associates CPAs				

Page	1	

Reunion East	CDD				
Special			Bonds, Series		
Assessment Refunding			
Purpose		Future Value Report		
Expenditures			
$3,515,000.00					

2015-3

Dated:

Delivered:

F11t11re Vo/11,dTo:

05/2912015 0512912015 05/31/201B.

Transaction

Date

Group

ID

Fund

ID

	F11t11n Value	Caku/ation A111t		
De!C1iption	Periods	(Int. Earnings)	Pool%	

FV ractor

FV

A,nounl

5/29/2015 5129/2015 5/31/2018

-1 2016 -I

COi

Beg. Arbitrage Gross Proceeds	6.0111111	
Reverse Beg Arb Gross Proceeds	6.0111111	
Unspent Proc.eeds as ofOS/31/2018	0.0000000	

Arbitrage Yield Limit (AYL) .... .. . ....... .	
/111ernal Rau of Return (/RR) . ....... ..... .	
Fut11re Valued To.. ..	·. ............. ...... .	

-3,5 [5,000.00	100.0000000	
3,515,000.00	100.0000000	
1.00	I 00.0000000	

1.00

6.6009294 499.5000000 5/31/2018

1.2155430 1.2155430 1.0000000

-4,272,633 .8 I 4,272,63381 1.00

1.00

REUNIE15'3·2015--1I FY: 11	Mun.EaseElevateMainDb I 16 95f	EDB I 07130/2018118:43	I Rpl15a	
Grau & Associates				
Grau & Associates CPAs			

Page	1	

Reunion East COD

Special Assessment Refunding Bonds, Series 2015-3

A.Y.L. Verification Report

3,5 I 5,000.00

Dated:		05129/2015	
Delivered:	05/29/2015	
MSRB	30/360SEMI4l3	

	Coupon	
Period	Date	
I	11/01/2015	
2	05/01/2016	
3	11/01/2016	
4	05/01/2017	
s	11/01/2017	

6	05/01/2018

7	11/01/2018

g	05/01/2019		
			
9	11/01/2019		
IO	05/0\/2020		
II	11/01/2020		
12	05/01/2021		
13	11/01/2021		
14	05/01/2022		
15	11/01/2022		
16	05/01/2023		
17	11/01/2023		
18	05/01/2024		
19	11/01/2024		
20	05/01/2025		
21	11/01/2025		

22	05/01/2026

23	11/01/2026

24	05/01/2027

25	11/01/2027

26	05/01/2028

27	11/01/2028

28	05/01/2029	
29	11/01/2029	
JO	05/01/2030	
31	11/01/2030	
32	05/0\/2031	
33	11/01/2031	
34	05/01/2032	
35	11/01/2032	
36	05/01/2033	

Prindpal

P(!Yt11enl

l05,000.00

115,000.00

120,000.00

130,000.00

135,000.00

145,000.00

155,000.00

165,000.00

180,000.00

190,000.00

205,000.00

21S,OOO.OO

230,000.00

250,000.00

265,000.00

285,000.00

300,000.00

325,000.00

Coupon

Rate

6.600

6.600

6.600

6 .600

6 .600

6.600

6.600

6.600

6.600

6.600

6.600

6.600

6.600

6 .600

6.600

6.600

6.600

6.600

Interest		
Payment	
97,951.35	
115,995.00	
112,530.00	
112,530.00	
108,735.00	
108,735.00	
104,775.00	
104,775.00	
100,485.00	
100,485.00	
96,030.00	
96,030.00	
91,245.00	
91,245.00	
86,130.00	
86,130.00	
80,685 .00	
80,685.00	
74,745.00	
74,745.	00	
68,475.00	
68,475.00	
61,710.00	
61,710.00	
54,615.00	
54,615.00	
47,025.00	
47,025.00	
38,775.00	
j8,775.00	
30,030.00	
30,030.00	
20,625.00	
20,625 00	
10,725.00	
10,725.00	

Cred.	Enh./	
Sinking	Fund A<!j	

Perwdic		
Debt Setl!ice	
97,95135	
220,995.00	
112,530.00	
227,530.00	
l08, 735.00	
228,735.00	
104,775.00	
234,775.00	
100,485.00	
235,485.00	
96,030.00	
241,030.00	
91,245.00	
246,245.00	
86,130.00	
251,130.	00	
80,685.00	
260,685.00	
74,745.00	
264,745.00	
68,475 .00	
273,475.00	
61,710.00	
276,710.00	
54,615.00	
284,615.00	
47,025 .00	
297,025.00	
38,775.00	
303,775 .00	
30,030.00	
315,030.00	
20,625 .00	
320,625 .00	
10,725.00	
335,725.00	

Prese11t Value	
	Factor	
0.9729520	
0.9418660	
0.9117733	
0.8826420	
0.8544415	
0.8271419	
0 .8007146	
0.7751317	
0.	7503661	
0.7263918	
o.	7031835	
0.6807167	
0.6589677	
0.6379136	
0.6175321	
0.5978019	
0.5787020	
0.5602124	
0.5423136	
0.5249866	
0.5082132	
0.4919757	
0.4762570	
0.4610405	
0.4463102	
0.4320505	
0.4182464	
0 ..4048834	
0.3919473	
0.3794246	
0,3673019	
0.3555665	
0.3442061	
0.3332087	
0.3225626	
0.3122567	

Disco1111ted	
Debt S eruire	
95,301 :96	
208,147.68	
102,601.85	
200,827.53	
92,907.69	
189,196.3 I	
83;894.87	
181,981.54	
75	,400.54	
171,054.37	
67,526.71	
164,073.14	
60,127.SI	
157,083.02	
53,188.04	
150,125.99	
46,692.57	
146,038.98	
40,535.23	
138,987.57	
34,799.90	
134,543.05	
29,389.82	
127,574.52	
24,375.23	
122,968.06	
19,668.04	
120,260.49	
15,197.76	
l lS,259.69	
11,030.08	
I 12,014.13	
7,099.25	
106,835.04	
3;459.48	
104,832.38	

REUNIE15·3-2015-1	I	FY: 1	I Mun-EaseElevateMainDb I 16,95f EDB I 07130/2018	I16	:45	I Rpl01h	

Grau & Associates

Grau & Associates CPAs

Page	1		

Reunion East	COD			
Special Assessment Refunding	Bonds. Series 2015-3	
A.Y.L. Verification Report			
3,515,000.00				
	Coupon	Pn1mpal	Co11po11	lllterut	
Period	Date	Pqy111mt	Rate	Pq>ment	
		3,515,000.00		2,588,626.35	

Cred. Enh./

Sinking Fund Atfj

0.00

Periodic

Debt Service

6,103,626.35

Dated:		05/29/2D15	
Delivered:	05129/2D15	
MSRB	JO/ 360 SEMI 4/ 3	

Present Value	Discounted	
Factor	Debt Service	
	3,515,000.02	

True Interest Cos/ (TIC) . ..	... .•	
Net interest Cos, (,VIC) . . . . ..	.	
Arbitrage Yield Limit (AYL). ..	. . . . . . . . . .  .	
Arbitrage Net Interest Cost	(A  NJCj . . ..	

6.6009296 6.6000D00 6.6009294 6.6000000

Face value of bond Issue . .. .		
Accrued inrerest (-) . . . .. . . .. . . .	. .... . .	
Original issue premium/discount(-). . .. . .	
Bond surety fee (-) . . . . . . . . . . . . . .	. .  . .. .	
lump-sum credit e nhancements (-). .	. ... .	
Other AYL costs(-) . . . . ... . ..... .		
AYL 1/:Jrgel. .... .. .. .	• . • •.••	

$3,515,000.00

$0.00 $0.00 $0.00

$3,515,000.00

REUNIE15-3-2015-1	I	FY. 11	Mun-EaseElevateMainDb I 16.	951	EDB I 07/30/2016	J 16:45	I Rpt01h	

Grau & Associates

Grau & Associates CPAs

Pa

ge

2

Reunion East CDD						
Special			Series 20	I 5-3		
Assessment Refunding Bonds,				
T.I.C. Verification	Reoort	(Regular)				

MSRB	JO/ 360 SEMI l/3		
Dattd:	5/29/	2015		

3,S I S,OOCl.00

Ddi,.,mi:	;/29/	20/j	

Coupon

Perwd	Date

11/1/2015

2	5/1/2016

3	I 1/1/2016

4	5/1/2017	
5	11/1/2017	
6	5/1/2018	
7	11/1/2018	
8	5/1/2019	
9	11/1/2019	
10	511/2020	
11	11/1/2020	
12	5/1/2021	
13	l J/1/2021	
14	5/1/2022	
15	11/1/2022	
16	5/1/2023	
17	11/1/2023	
18	511/2024	

19	11/1/2024

20	5/1/2025

21	11/1/2025	

22	5/1/2026

23	1111/2026

24	511/2027

25	11/1/2027

26	511/2028

27	11/1/2028

28	5/1/2029

29	11/1/2029	
30	5/1/2030	
31	11/1/2030	

32	5/1/2031

33	I 1/1/2031

34	S/1/2032

35	11/1/2032	
36	51112033	

Principal

Pqyment

105,000.00

115,000.00

120,000.00

130,000.00

135,000.00

145,000.00

155,000.00

165,000.00

180,000.00

190,000.00

205,000 .00

215,000.00

230,000.00

250,000.00

265,000.00

285,000.00

300,000.00

325,000.00

Coupon

Rate

6.600

6.600

6.600

6.600

6.600

6.600

6 .600

6.600

6.600

6.600

6.600

6.600

6.600

6.600

6600

6.600

6.600

6.600

/ntemt	
Pqyment	
97,951.35	
115,995.00	
112	,530.00	
112,530.00	
108,735.00	
108,735 .00	
104,775.00	
104,775.00	
100,485.00	
100,485.00	
96,030.00	
96,030.00	
91,245 .00	
91,245.00	
86,130.00	
86,130.00	
80,685.00	
80,685	.00	
74,745 .00	
74,745 .00	
68,475 .00	
68,475	.00	
61,710.00	
61,710.00	
54,615.00	
54,615	.00	
47,025 .00	
47.025.00	
38,775.00	
38,775.00	
30,030.00	
30,030.00	
20,625	00	
20,625.00	
10,725.00	
10,725.00	

Credit

E11ha11cemenls

Periodic			
Debt Sen;ice	
97,951.35	
220,995.00	
112,530.00	
227,530.00	
108,73500	
228,735.00	
104,775.00	
234,775.00	
100,485.00	
235,485 .00	
96,030.00	
241 ,030.00	
91	,245.00	
246,245.00	
86,130.00	
251,130.00	
80,685	.00	
260,685.00	
74,745.00	
264,745.00	
68,475.00	
273,475.00	
61,710.00	
276,710.00	
54,615.00	
284	,615.00	
47,025 .00	
297,025 ,00	
38,775.00	
303,775 .00	
30,030 .00	
315,030.	00	
20,625.00	
320,625.00	
10,725.00	
335,725.00	

Prest/It Value	
Fa,·/or	
0.9729520	
0 .9418660	
0 .9117733	
0.8826420	
0.8544415	
0.8271419	
0.8007146	
0.	7751317	
0 .7503661	
0 7263918	
0.7031835	
0.6807167	
0.6589677	
0.6379136	
0.6175321	
0.5978019	
0.5787020	
0.5602124	
0.5423135	
0.5249865	
0.5082131	
0.4919757	
0.4762570	
0.4610405	
0.4463102	
0.4320505	
0.4182464	
0.4048834	
0.3919473	
0.3794245	
0.3673019	
0.3555665	
0.3442061	
0.3332087	
0.3225626	
0.3122567	

Di.rcounltd	
Debt Seroice	
95,301.96	
208,147.68	
102,601.85	
200,827.53	
92,907.69	
189	, 196.31	
83,894.87	
181,981.54	
75	,400.54	
171,054.37	
67,526.71	
164,073.14	
60,127.50	
157,083.02	
53,188	.04	
150,125.99	
46,692.57	
146,038.97	
40,	535	.23	
138,987.56	
34,799.90	
134,	543.05	
29,389.82	
127,	574.51	
24,375 .23	
122,968.06	
19,668.04	
120,260.49	
15,	197	.76	
115,259.69	
11,030	.08	
112,	014	.12	
7,	099.25	
I06,835.04	
3,459.48	
104,832.38	

REUNIE15-3-2015--1  I FY: 11 Mun-EaseElevateMainDb I 16.9~1 EOB I 07/3012!111;!	( 16:461 Rpto1a	
Grau & Associates		

Page	1	

Grau & Associates CPAs

Reunion East CDD

Special Assessment Refunding Bonds, Series 2015-3

1

MSRB  !I)/ 360 SEMI+/ J

T.I.C. Verification Reoort  (Regular)

3,5 I 5,000.00

	Co,,pon	Prindpal	Coupon	Interest		
Pmod	Date	Pqy111ent	Rate		Pqpnenl		
		3,515,000.00			2,588,616.35		
	True Interest Cost (TIC) ... .			6.6009296		
	Ne1 Interest Cost (NJC) . ... ..... . . . . . .	. . . . .		6.6000000		
	Arbitrage Yield limit (AYL) ..... .........		..	6.6009294		
	Arbitrage ,'vet Interest Cos/ (ANIC) . .. .	..		6.6000000		

			0,11ed:	5/29/2015	
				5/29/2015	
Credit	Periodic	Present Va/11e	Dis.-011nted	
Enhancenm1ts	Debt Sem"ce	Fae/Qr	Debt Seroite	
0.00	6,103,626.35			3,514,999.96	
Face value of bond Issue .	........ • ..		$3,515,000.00	
Accrued interest (~) . ................		. .		
Original issue premi11mfdiscoum (-) .		$0.00	
Undenvriler discount (-) .........	....	, .	$0.00	
Lump-sum credit enhancemems...(:)	, ... .	$0.00	
O1her TIC costs (-j ...................		.		
Bond surety fee (~) ... .			N/A	
	TIC Target    ....		$3,515,000.00	

REUNIE15-3-2015--1  I FY· 1 I Mun-EaseElevateMamDb J 16.95f EDB J 07/3.0/2018 J 16:46 I Rpt01a

Grau & Associates	Page   2

Grau & Associates CPAs

Reunion	East	COD				
Special					Bonds, Series 2015-3		
Assessment Refunding			
Unspent	Proceeds Report			
$ 3,51 S,000.00					
(,a/c		G,p		Fu11d			
							
Dalt		ID	P11,p	ID	Description		
0S/29/201S		-I	N	COi	Beg. Arbi1rage Gross Proceeds		
0512912015		2016	y		Reverse Beg Arb Gross Proceeds		

Gross

Amo1tnl

3,515,000.00

Pool

Pmmtage

I 00.0000000 I 00.0000000

Dated·

DeUvered:

J\lnnp11,pose	P11,pn1e	
l,1nstmrnt	Expmdi111m	
	3,515,000.00	

05/29/2015 05/29/2015

Umpe111

Procetds

3,SJS,000.00 0.00

	J,515,000.00		
FirSI Investment Date. ............... , ... .. . . .	
Calculation Date .	...... , ................... .	
Arbilrage Yield Limit (AYL) .. .. .. ............	, .	
Internal Rate ofReturn (IRR) . ................	.	

0.00	J,515,000.00

5129/2015 5131/2018 6.6009294 499.5000000

REUNIE15-3-201-S·-1	J	FY: 1 IMun-	EDB I 07/30/2018	J 16:43	I Rpt11		
		EaseElevateMainDb I 16.95f					
Grau & Associates

Grau & Associates CPAs

Page

1

Reunion East CDD			
Special	Bonds, Series 2015-3		
Assessment Refunding			
I.R.R. Report Via Purpose Expenditures		
$ 3,515,000.00			

Dated:

Delivered:

05/29/2015 05/29/2015

G,p	Trans

F11Jtd

DqyCollnt	Calm/atioJT A,nt	Pool	"* ltiternal Rate of &ium **	

ID	Dalt	
-I	05/29/2015	
2016	05/29/2015	
99999	05/31/2018	

ID

Description		Factor	
Beg. Arbitrage Gross Proceeds	0.0000000	
Reverse Beg Arb Gross Proceeds	0.0000000	
Unspent Proceeds as of 05/31/2018	6  .0111111	
Arbitrage 'J:1eld Limit . . ..	......	..... .	
Internal f:laJe o/Retum .... ...	. . ....	.	
Calculation Standard . ... . ...	•  ....   ..	•	

(lntmst Earnings)	Pctg	PV Factor	
(J,SIS,000.00)	100.000	l .0000000	
3,515,000.00	100.000	1.0000000	
1.00	100.000	0.0005388	

1.0

6.6009294 499.5000000 MSRB 30/360 SEMI 4/3

PV A1111	
(J,S 15,000.00)	
3,515,000 .00	
0,	00	
.oo	

REUNIE15-3-2015-1  I FY 1 I Mun-EaseElevateMainOb I 16.951	EDB I 07/30/2018	I 16:43	I Rpt09c	
Grau & Associates				
Grau & Associates CPAs				

Page	1	

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT $30,710,000 SPECIAL ASSESSMENT REFUNDING BONDS SERIES 2015A ARBITRAGE REBATE REQUIREMENT JUNE 30, 2018

fJ

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 30, 2018						
Reunion East Community Development District			
Osceola County, Florida				
Re:  $30,710,000 Reunion East Community Development District			
(Osceola County, Florida)			
Special Assessment Refunding Bonds, Series 2015A (the "Bonds")			
Reunion  East  Community  Development  District  has  requested  that  we  prepare		
certain computations related to the above-described Bonds for the year ended June		
30, 2018	("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 ($30,212) for June 30, 2018.  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, 2018).

Arbitrage Yield Limit (A YU 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.

Reunion	East COD			
Special		Bonds, Series 20 I SA		
Assessment Refunding			
Summary	of Rebate Calculations		
$ 30. 710,000.00			

Anniversary Date. ....		.	. . . .		. . . . . . . . . . . . . ... . .. . .......			.	. . . . . . . . . . . . .	
Future-Value Date. . .		.   ...	. ......		. . . . . . . . . . . . . . .. .....			. .	, . . . . .. .. ... .	
Arbitrage Yield Li.mil.	.	...	. .		. . . ..... . . . . . . . . . . . . . .	..	.	. . .	. . . . . . .. ... . .	
Total ef Purpose Expenditures.		. . . . . . . . . . . . . . . . . . . . . .	..	. . . . . . . . . . . ... .. .	
Internal Rate of Retum.	...	. .	.	... . ...... . ............	.	...........		. ... .	
90%	~/rebate liability.	. ..		. . .	.	.. . . .. . .. . . ... . . . . . .. .	. .	..	....	.. . . . . ... .	
Full	rebate liabili(J •  •  •	•	•	•  •  •  •	•	•  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •	•  •	•	•  •  •	•  •  •  •••••••••	
	1										

Dated:	07/29/2015		
Delivered:	07/29/2015		

11/01/2015

06/30/2018

4.8687185

$30,695,681 .00

0.2721357

-$27, 190.96

-$30,212.18

REUNIE15A-2015-A I FY: 1 I Mun-EaseEfevateMainDb) 16	.951	EDB I 07130/2018 ) 13:43	I Rpl22	
Grau & Associates				
Grau & Associates CPAs				

Page	1	

Reunion East CDD			
Special Assessment Refunding Bonds, Series 20 I SA		
Purpose	Future Value Report		
Expenditures			
$ 30,710,000.00			

Dated:	07/29/2015		
Delivered:	07/29/2015		
			
F11t11rt Va/11~dTo:	06/30/2016		

Transaction

Date

Group

ID

Fund

ID

De.rcriptio11

Fu/tire Value	Calm/atioJI Amt		FV	
Period.r	(l_nt. Eaming.r)	Pool %	Factor	

FV

Amount

712912015 7/29i 2015 7/29/2015 7/29/2015

-1 2016 2016 2016

COi

Beg. Arbitrage Gross Proceeds

COi

Payment to escrow agent

Translerred funds

5.8388889

5.8388889

5.8388889

5.8388889

·30,869,012.60

131,050.00

31,633,198.00

-2,074,000.00

I 00.0000000	1.1507766	
I 00.0000000	1.1507766	
I 00.0000000	1.1507766	
100.0000000	1.1507766	

-35,523,337.16	
150,809.2	7	
36,402,743.83	
-2,386,710.65	

7129/2015 7130/2015 912/2015 10/2/2015 11/2/2015 11/312015 1212/2015 115/2016 1/2912016 2/2/2016 3/2/2016 41212016 5/3/2016 6/2/2016 7/1/2016 8/1/2016 9/1/2016 10/1/2016 I 1/1/2016 12/112016 111/2017 21112017 3/112017 4/112017 5/1/2017 6/1/2017 715/2017 8/2/2017 9/5/2017 101312017 I 1/212017 12/4/2017 1/3/2018 212/2018 3i2/2018 4/312018 5/2/2018 6/4/2018 6/30/2018

2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018 2018 2018 2018 2018 2018 2018 -1

Underwriter's discount		
COJ			
Reserve			
Reserve			
Interest			
Reserve			
Reserve			
Reserve			
COi			
Reserve			
ResCr\'C		
Reserve			
Reserve			
Reserve			
Reserve			
Reserve			
Reserve			
Reserve			
Reserve			
Reserve			
Reserve			
Reserve			
Reserve			
Reserve			
Reserve			
Reserve			
Reserve			
Reserve			
Reserve			
Reserve			
Reserve			
Reserve			
Reserve			
Reserve			
Reser\'C			
Rese·rve			
Reserve			
Reserve			
Unspent	Proceeds as of	06/30/2018	

5.8388889	
5.8333333	
5	6555556	
5.4888889	
5.3222222	
5.3166667	
5.1555556	
4.9722222	
4'8388889	
4 .8222222	
4 .6555556	
4.4888889	
4.3166667	
4.1555556	
3 .9944444	
3.8277778	
3.6611111	
3 .4944444	
3.3277778	
3.1611111	
2.9944444	
2 .8277778	
2 .6611111	
2 .4944444	
2.3277778	
2.1611111	
1.9722222	
1.8222222	
1.6388889	
1.4833333	
1.3	222222	
1.1444444	
0.9833333	
0 .8222222	
0 .6555556	
0 .4833333	
0 .3222222	
0.1444444	
0.0000000	

614,200.	00	
6,000.00	
1.00	
1.00	
376,842.00	
1.00	
1.00	
1.00	
6,722.00	
1.00	
1.00	
1.00	
1.00	
1.00	
1.00	
1.00	
1.00	
1.00	
1.00	
1.00	
12.00	
26.00	
25 .00	
38.00	
52.00	
56.00	
71.00	
87.00	
90.00	
88.00	
93 .00	
95.00	
118.00	
136;00	
127.00	
163.00	
182.00	
19400	
175,000.00	

100.0000000	
100.0000000	
I 00.0000000	
100.0000000	
100.0000000	
100 .0000000	
I 00.0000000	
i00.0000000	
100.0000000	
100.0000000	
100.0000000	
100 .0000000	
100.0000000	
100.	0000000	
100.0000000	
100.0000000	
100.0000000	
100.0000000	
100.0000000	
100.0000000	
100.0000000	
100.0000000	
I 00.0000000	
100.0000000	
100.	0000000	
I 00.0000000	
I 00.0000000	
100.	0000000	
100.0000000	
I 00.0000000	
100.000()000	
100.0000000	
100.	0000000	
100.0000000	
100.0000000	
100.0000000	
100.0000000	
100.0000000	
100.0000000	

I.I 507766 1.1506228 1.1457134 1.1411298 1.1365645 1.1364127 1.1320175 1.1270369 1.1234283 1.1229781 1.1184854 I.I 140108 1.1094057 1.1051151 1.1008410 1.0964369 1.0920505 1.0876815 1.0833301 1.0789961 1.0746794 1.0703800 1.0660978 1.0618327 1.()575847 1.0533537 1.0485790 1.0448027 1.0402058 1.0363212 1.0323132 1.0279085 1.0239330 1.0199729 1.0158924 1.0.116930 1.0077802 1.0034802 1.0000000

706,806.98	
	6,903.74	
	1.15	
	1.14	
428,305.25	
	1.14	
	1.13	
	1.13	
7,551.69	
	1.12	
	1.12	
	I.II	
	I.II	
	I.II	
	I.JO	
	1.10	
	1.09	
	1.09	
	1.08	
	1.08	
	12.90	
	27.83	
	26.65	
	40.35	
	S4.99	
	58.99	
	74.45	
	90.90	
	93.62	
	91.20	
	96.01	
	97.65	
	120.82	
	138.72	
	129.02	
	164.91	
	183.42	
	194.68	
175	,000.00	

REUNIE15A-2015-A I FY· 11 Mun-EaseElevateMainDb I16.95f	EDB I 07i30/2018	I 13:43	I Rpt15a	
Grau & Associates				
Grau & Associates CPAs				

rage

1

Reunion East CDD		Dated:		
Special Assessment Refunding Bonds, Series 20 I SA			
	Delivered:		
				
Purpose Expenditures	Future Value Report	F11111n Vo/11edTo:		
				
$ ~0, 7 I 0,000.00				

07/29/2015 07/29/2015 06/30/2018

Transaction

Date

GrolljJ

ID

F11t1d

ID

			Future	va/11e	Calmlatio11 A,nt	
Description			Periods	(Int. Earnings)	
					1,668.40	
Arbitrage Yield Limit (AYL)	. . . .........	. . .		4.8687185	
l11temal Rate of Return (lRR) . ... .... .	.. .. .		0.2721357	
Future Valued To .• •••...	•.	•.••....  . .	• ••.•		6/30/2018	

Pool%

FV

Factor

FV A111011111

cJ0,212.18

REiJNIE15A-2015-A	I	FY: 1	I Mun-EaseElevateMainDb 116:951	EDB I 07/30/2018	I 13:43	I Rp)i 5a	

Grau & Associates
. Grau & Associates CPAs

Page	2	

Reunion East CDD

Special Assessment Refunding Bonds; Series 20 I SA

A.Y.L. Verification Report

30,710,000.00

Dated:		07/29/2015	
Delivered:		07/29/2015	
FMSBonds,	Inc.		
MSRB  30/	360	SEMI 4/ 3	

	Co11po11	
Period		Date	
I	11/01/2015	
2	05/01/2016	
3	ll/01/2016	
4	05/01/2017	
5	11/01/2017	
6	05	/0 (/2018	
7	ll/01/2018	
8	05/01/2019	

9	11/01/2019

10	05/01/2020 II 11/01/2020

12	05/01/2021 13 11/01/2021

14	05/01/2022 15 11/01/2022 16 05/01/2023

17	11/01/2023	
18	05/01/2024	
19	11/01/2024	

20	05/01/2025

21	11/01/202S

22	05/01/2026

23	11/01/2026

24	05/01/2027

25	11/01/2027	

26	05/01/2028

27	11/01/2028

28	05101/2029	

29	11/O.l /2029

30	05/01/2030

31	II/Oi/2Ci30	
32	05/01/203 I	
33	11/01/2031	
34	05/01/2032	
35	11/01/2032	
36	05/01/2033	

Pn'mipal	
Pt!)mmt	
1,120,000.00	
1, 170,000.00	
1,215,000.00	
1,265,000.00	
1,320,000.00	
1,380,000.00	
1,450,000.00	
1,525,000.	00	
1,600,000.00	
1,685,000.00	
1,770,000.00	
1,860,000.00	
1,955,000.00	
2,055,000.00	
2,160,000.00	
2,275 ,000	.00	
2,390,000.00	
2,515,000	.00	

Co11po11

Rau

4 .000

4.000

4.000

4 .000

4.000

5.000

5.000

5.000

5.000

5.000

5.000

5.000

5.000

5.000

5.000

5 000

5.000

5.000

lnteml	
Payment	
376,842.22	
737,300.00	
714,900.00.	
714,900.00	
691,500.00	
691,500.00	
667,200.00	
667,200.00	
641,900.00	
641,900.00	
615,500.00	
615,500.00	
58i ,000.00	
581,000.00	
544,750.00	
544,750.00	
506,625 .00	
506,625.00	
466,625.00	
466,625.00	
424,500.00	
424,500.00	
3&0,250.00	
380,250.00	
333,750.00	
333,750.00	
284,875.00	
284,875.00	
233,	500.00	
233,500.00	
179,500.00	
179,500.00	
122	,625 .00	
122,625.00	
62,875 .00	
62,875 .00	

Cred	Enh./	
Sinking	F11nd At§	

	Periodk	
Debt		Service	
	376,842.22	
1,857	,3	00.00	
	714,900.00	
1,884,900.00	
	691 ,500.00	
1,906	,500.00	
	667,200.00	
1.932.200.00	
	641 ,900.00	
1,961 ,900.00	
	615,500.00	
1,995,500.00	
	581,000.00	
2,031 ,000.00	
	544,750.00	
2,069,750.00	
	506,625.00	
2,	l06,625.00	
	466	,625.00	
2,151,625.00	
	424,500.00	
2, 194,500.00	
	380,250.00	
2,240,250 .00	
	333,750.00	
2,288,750 .00	
	284,875 .00	
2,339,875 .00	
233	,500.00	
2,393,500.00	
	179,500.00	
2,454,500.00	
	122,625 00	
2,512,625 .00	
	62,875 .00	
2,577,875 .00	

P,:uent Va/11e Factor 0.9877820 0.9643073 0.9413905 0.9190183 0.8971777 0.8758563 0.8550415 0 8347214 0.8148841 0.7955184

0.	7766128

0.	7581566

	0.7401389

	0.7225495

0.	7053780

	0.6886147

	0.6722497

	0.6562737

	0.6406773

	0.6254515

	0.6105876

	0.5960770

	0.5819112

0.5680820 0.5545815 0.5414018 0.5285354 0.5159747 0.5037125 0.4917418 0.4800555 0.4686470 0 4575095 0.4466368 0.4360224 0.4256603

Diicou11ted	
Debt S enm	
372,237.96	
I, 791	,007	.95	
673 ,000	.05	
I, 732,257	.53	
620.398.41	
1,669,819.94	
570,483.67	
1,612,848.60	
523,074.13	
I ,560, 727.49	
478,005.19	
1,512,901.44	
430,020.72	
1,467,497.99	
384,254.69	
1,425,	260	.25	
340,	578			51	
I ,382;522	.49	
298 ,956.03	
1,345,737.	16	
259,194.45	
1,308 ,090.94	
221,271.72	
1,272,645.74	
185,091.58	
1,239 ,m	.47	
150	,566.52	
1,207,316.34	
117	,616.88	
I, 176,983.95	
86,169.96	
1, 150,	293.95	
56,	102.11	
I, 122,230.75	
27,414	.91	
1,097,299	.	13	

REUNIEISA-2015-A	I	FY: 11	Mun-EaseElevateMeinDb I 16.95fEDB	I 07/30/2018	I 13:46	I Rpt01h	

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1

Reunion East	CDD			
Special Assessment Refunding	Bonds, Series 20 I SA	
A.Y.L.	Verification	Report			
30, 7 I0,000.00					
	C0Hpo11		Pn.11.ipal	Coupon	lntererl	
Ptrio(i	Date		Pqy111e11t	Rate	Pqy,11ent	
			30,710,000.00		16,017,892.22	

Crtd.	Enh./	
Sinki11g	F1111d Alfi	
	0.00	

Peril1dic

Debt Service

46,727,892.22

Dated:		07129/2015	
Delivered:		07/29/2015	
FMSBonds,	Inc.			
MSRB  30/	360	SElvfl 4/	3	
Presmt Vaine		Disco1111ted	
Factor		Debt Service	
		30,869,0i	2.60	

True lnteresr Cos/ (TIC) . . ...	.		
Ne1 Interest .Cost (NIC). ...	.		
Arbitrage	Yield Limit	(AYL)	.. . ..... .	.... .	
Arbitrage	Net l111eres1	Cost	(A.VIC) . .	. .. .. .	

5.1278763 5.0872182 4.8687185 4.8927040

Face value ofborrd Issue.				
Accn1ed interest ( --) . ... . . .	..	.		
Original issue premlt1mldiscmmt ( - ). .... .	
Bond surety fee (,) . ... .... .	.......		. .. . .	
lump-sum credil enha11cemen1s   .  .	(-)	... .	
Other An com	(-) . . ... .. . .........			.	
.4YL	Target.	•	.	• . • .....	

$30,710,000.00

$159,012.60 $0.00 $0.00

$30,869,012.60

REUNIE15A-2015-A	I	FY· 1I	Mun-EaseElevateMainDb I16.95!EDB	I 07/30/2018	I 13:46	I Rpt01h	

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Reunion East CDD						
Special	Refundinf? Bonds,	Series	20	I SA		
Assessment						
T.I.C. Verification	Reoort  (Regular)					

MSRIJ	:JO/J60SEMIJ/J		
	FMS&nds, In,.		
Dattd:	7/29/20 /j		

30,710,000.00

D,li,md:	i/29/2015	

	Coupon	
Period	Date	
I	11/1/2015	

2	5/1/2016

3	11/1/2016

4	511/2017

5	1111/2017

6	5/1/2018

7	11/1/2018

8	5/1/2019

9	11/1/2019

10	5/1/2020

II	11/1/2020	
12	5/1/2021	
13	11/1/2021	
14	5/1/2022	
15	I 1/1/2022	
16	5/1/2023	
17	I 1/1/2023	
18	5/1/2024	
19	11/1/2024	
20	5/1/2025	
21	1111/2025	
22	5/1/2026	
23	I 1/1/2026	

24	5/1/2027

25	11/1/2027

26	5/1/2028	
27	11/1/2028	
28	5/1/2029	

29	I 1/1/2029

30	511/2030

31	11/1/2030	
32	Sil/2031	
33	11/1/2031	
34	5/1/2032	
35	I 1/1/2032	
36	511/2033	

Pn11cipal

Pqyment

1,120,000.00

1,170,000.00

1,215,000.00

1,265,000.00

1,320,000.00

1,380,000.00

1,450,000.00

1,525,000.00

1,600,000.00

1,685,000.00

1,770,000.00

1,860,000.00

1,955,000.00

2,055,000.00

2,160,000.00

2,275 ,000.00

2,390,000.00

2,S 15.000.00

Coupon

Rate

4.000

4.000

4.000

4.000

4.000

5.000

5.000

5.000

5.000

5.000

5.000

5.000

S.OQO

5.000

5.000

5.000

5.000

5.000

Interest	
Pqy,nenl	
376,842.22	
737,300.00	
714,900.00	
714,900.00	
691,500.00	
691	,500.00	
667,200.00	
667,200.00	
641 ,900.00	
641,900.QO	
615,500.00	
615,500.00	
581,000.00	
581,000.00	
544,750.00	
544,750.00	
506,625 .00	
506,625.00	
466,625 .00	
466,625	.00	
424,500.00	
424,500.00	
380,250.00	
380,250.00	
333,750.00	
333,750.00	
284,875	.00	
284,875	.00	
233 ,500.00	
233,500.00	
179,500.00	
179	,500.00	
122,625.00	
122,625.00	
62,875 .00	
62,875 .00	

Credit

Enhancements

Peri.odic	
Debt Service	
376,842.22	
1,857,300.00	
714,900.00	
1,884,900.00	
691,500.00	
1,906,500 .00	
667,200.00	
1,932,200.00	
641 ,900.00	
1,961	,900.00	
615,500.00	
1,995,500.00	
581,000.00	
2,031,000.00	
544,750.00	
2,069,750.00	
506,625.00	
2, I 06,625 .00	
466,625.00	
2,151 ,625.00	
424,500.00	
2, I 94,500.00	
380,250.00	
2,240,250.00	
333,750.00	
2,288	,750.00	
284,875.00	
2,339,875.00	
233,500.00	
2,393,500.00	
179,500.00	
2,454,500.00	
122,625.00	
2,512,625.00	
62,875.00	
2,577,875 .00	

Pment Value	
Factor	
0.9871440	
0.9624669	
0.9384067	
0.9149480	
0.8920758	
0.8697753	
0.8480322	
0.8268328	
0.8061632	
0.7860104	
0.7663614	
0.7472035	
0.7285246	
0.7103126	
0.6925559	
0.6752431	
0.6583631	
0.6419051	
0.6258584	
0.6102129	
0.5949586	
0.	5800855	
0.5655843	
0.5514456	
0.5376603	
0.5242196	
0.5111150	
0.49.83379	
0.4858802	
0.4737340	
0.4618914	
0.4503448	
0.4390869	
0.4281 !04	
0.4174083	
0.4069738	

Discounted	
Debt Se111ice	
371,997.52	
1,787,589.78	
670	,866.98	
I, 724,585.55	
616,870.39	
1,658,226.54	
565,807.11	
1,597,606.26	
517,476	.18	
1,542,073	.83	
471,695.43	
1,491,044.67	
423,272.81	
1,442,644.98	
377,	269	.85	
1,397,584	.45	
333,543.21	
1,352,253.23	
292,041.19	

I	,312,949.43 252,559.92

1,272,997	.72	
215,063.43	
1,235,	375	.97	
179,444.13	
I, 199,807.70	
145,603.88	
1,166,048.38	
113,453.03	
I, 133,882.28	
82,909.50	
1,105,371.33	
53,	843	03	
1,075,680.91	
26,244	.55	
1,049,	127	.48	

REUNIE15A-2015-A	I	FY: 11	Mun-EaseElevateMainDb j 16.95f	EDB I 07/30/2018	I 13:47	I Rpt01a	

Grau & Associates

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Reunion East COD					
Special Assessment Refunding	Bonds,	Series 20 I SA	
T.I.C.	Verification	Reoort  (Regular)			
30,7 I 0;000.00					
	Coupon	Principal	Coupon	brteresl	
Pewd	Date	Pqy,ne11t		Rate	Pa.}'mml	

Credit

E11hanre111e11ts

Periodic

Debt Servite

			2	
	MSRB	JO/ 360 SEMI-I/ 3	
			FMSBonds, Ille.	
	D01,d:		1/29/lfJ/5	
	De/mr,d:	1I 29 I 2015	
Present	Value		Discounted	
Factor		Debt 5 ervi.-e	

30,710,000.	00		16,017,892.	22	
True /meres t Cost (TIC) .. .. .	. .. ... . . .		5.1278763		
Net Interest Cost (NIC) . . . . . . .	. .. .... .. . .	• . ..	5,0872182		
Arbitrage Yield limit (A YL) . .....	.		4.8687185		
Arbitrage Ne/ Interest Cost (,1NIC)		4.8927040		

0.00	46,717,	892.22		
Face value of bond Issue . .		
Accrued interest (+) ...	_		
Original issue premium/discount (-) .. .	
Undenvriter discount	( ,) . . .....	. . ..... .	
Lump-sum credit enlia11ce111ents	(-) .... . .. .	
Other TJC ,::osts (-) . .			
Bond suretyfee (-) . . ...			
	= TJC Target		

30,154,812.	60	
$30,710,000.00	
$159,012.60	
($814,200.00)	
$0.00	
NIA	
$30,254,812.60	

REUNIE15A-2015•A	I	FY: 11	Mun-EaseEJevateMainOb I16.95f	EDB I 07/3012018	I 13:47	I Rpt01a	

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Reunion East COD

Special Assessment Refunding Bonds, Series 20 ISA

Unspent Proceeds Report

$ 30, 710,000.00

Da(ed:	07/29/2015	
Delivered:	07/29/2015	

Cole	G,p		F1111d			
Dole	JD	PN,P	ID	Demiplion		
07/29i2015	·I	N	COi	Beg. Arbitrage Gross Proceeds		
07129/2015	2016	y		COi		
						
0712912015	2016	y		Pa>ment to escrow agent		
						
07/29/2015	2016	y		Undetwrile~s discount		
						
0712912015	2016	y		Transferred fwids		
						
07/3012015	2016	y		COi		
						
		y				

Gnm

Amo1111I

131,050.00 3 l ,633,198.00 614,200.00 -2,074,000 ,00 6,000.00

Pool

Perm1toge

I 00.0000000

I 00.0000000

100.0000000

I 00.0000000

I 00 .0000000

100.0000000

No,,purpose

lnve.slmml

P",post

Expmdit«m

131,050.00

31,633,198.00 614,200.00 -2,074,000.00 6,000.00

Uii!f>t•I

P1vaed.r

30,869,012.60 30,737,962.60 -895,235.40 -1,509,43S.40 564,564.60 558,564.60

09/02/2015	2016		Reserve		
1010212015	2016	y	Reserve		
					
ll/02/2015	2016	y	Interest		
					
11103/2015	2016	y	Reserve		
					
	1	20 16	y	Rescf\'C		
1~-02 2015					
01105/2016	2016	y	Reserve		
					
0112912016	2016	y	COi		
					
02/02/2016	2016	y	Reserve		
					
03/02/2016	2016	y	Reserve		
					
04102/2016	2016	y	Reserve		
					
05/03/2016	2016	y	Reserve		
					
06/02/2016	2016	y	Resenrc		
					
07	/01/2016	2017	y	Reserve		
						
08	/0 1/2016	2017	y	Reserve		
						
09/01/2016	2017	y	Reserve		
					
10/01/2016	2017	y	Reserve		
					
1)101/2016	2017	y	Reserve		
					
12/01/2016	2017	y	Reserve		
					
01101/2017	2017	y	Reserve		
					
02/01/2017	2017	y	Reser\-·e		
					
0Ji01i2017	2017	y	Reserve		

1.00

LOO

376,842.00 1.00

J.00

1.00

6,722.00

1.00

1.00

1.00

1.00

1.00

1.00

1.00

1.00

1.00

1.00

1.00

12.00

26.00

25.00

100,0000000	
100.0000000	
100.0000000	
100.0000000	
100.0000000	
100.0000000	
100.0000000	
100.0000000	
I00.0000000	
100.0000000	
100.0000000	
100	.0000000	
100.0000000	
I00	.0000000	
I 00.0000000	
I 00.0000000	
l 00.0000000	
100.0000000	
100.0000000	
I 00.0000000	
I 00.0000000	

1.00	558,563.60	
1.00	558,-562.60	
376,842.00	181,720.60	
1.00	181,719.60	
1.00	181,718.60	
1.00	181,71760	
6,722.00	174,995.60	
1.00	174,994.60	
1.00	174,993.60	
1.00	174,992.60	
1.00	174,991.60	
1.00	174,990.60	
1.00	174,989.60	
1.00	174,988.60	
1.00	174,987.60	
1.00	174,986.60	
1.00	174,985.60	
1.00	174,984.60	
12.00	174,972.60	
26.00	174,946.60	
25.00	174,921.60	

REUNIE15A-2015-A	I	FY:	1	I Mun-EaseElevaleMainDb I 16.951 EDB I 07/30/2018	I 13:43	I Rpt11	

Grau & Associates

Grau & Associates CPAs

Page	1		

Reunion	East	COD			
Special Assessment Refunding Bonds, Series 20 I SA	
Unspent Proceeds Report		
$30,710,000.00				
Cale	G,p		Fn11d		
Da11	TD	Purp	ID	Dumplio,1	

Dated:	07i29/2015	
Delivered:	07/29/2015	

Gross	Pool	,'Vo11p111po.ri!	P11,pose	U11!pe111	
A,nou11/	Pm:entnge	l,w,slmml	Expmdit11res	Proaeds	

04/0112017	2017	y	Reserve		
					
05/01/2017	2017	y	Reserve		
					
06i0112017	2017	y	Reserve		
07i0512017	2018	y	Reserve		
					
08102/201'	2018	y	Reserve		
09105/2017	2018	y	Reserve		
					
10i0312017	2018	y	Resem,		
					
I li0212017	2018	y	Reser\"e		
					
12104/2017	2018	y	Reserve		
					
Ol 103i2018	2018	y	Reserve		
					
0210212018	2018	y	Reserve		
					
03!02/2018	2018	y	Reserve		
					
0~103;2018	2018	y	Reserve		
					
05.'02/2018	2018	y	Reserve		
					
0610412018	2018	y	Reserve		

38.00

52.00

56.00

71.00

87.00

90.00

88.00

93.00

95.00

118.00

136.00

127 .00

163.00

182.00

194.00

100.0000000	
100.0000000	
100.0000000	
1000000000	
100.0000000	
100	.0000000	
I00.0000000	
I 00	.0000000	
I 00	.0000000	
100.0000000	
I 00	.0000000	
100	.0000000	
100.0000000	
I 00	.0000000	
I 00	.0000000	

38.00	
52.00	
56.00	
71.00	
87	.00	
90.00	
88	.00	
93	.00	
95.00	
118.00	
136.00	
127	.00	
163.00	
182	.00	
194.00	

174,883	.60	
174,831.60	
174;775	.60	
174,704.60	
174,617.60	
174,527.60	
174,439	.60	
174,346	.60	
174,251.60	
174,133	.60	
173	,997.60	
173	,870	.60	
173,707	.60	
P3,525.60	
173	,331.60	

30,695,681.00

First I 11vestment Date. .............. . .. . . . .. ..

Calculation Date . ...........................

Arbitrage Yield Limit (AYLJ ....................

lntemal Rate o/Renm1 (/RR) ..................

0.00	30,695,681.00

7/29/2015 6130/2018 4.6687185 0.2721357

REUNIE15A-2015-A I FY: 1 I Mun-EaseElevaleMainDb j 16.95f EDB I D7/30/2D18I13:43I Rpt11 Grau & Associates Grau & Associates CPAs

Page

2

Reunion East COD

Special Assessment Refunding Bonds, Series 20 ISA I.R.R. Report Via Purpose Expenditures
$ 30,710,000.00

Dated.·	07/29/2015		
Delivered:	07/29/2015		

Grp		Trani	
ID		Date	
-1	07/29/2015	
2016	07/29/2015	
	07/29/2015	
	07/29/2015	
	07129/2015	
	07130/2015	
	09/02/2015	
	10/02/2015	
	11102/2015	
	11/03/2015	
	12102/2015	
	01	/05/2016	
	01/29/2016	
	02/02/2016	
	03/02/2016	
	04/02/2016	
	05/03/2016	
	06/02/2016	
2017	07/01/2016	
	08/01/2016	
	09/01/2016	
	10/01/2016	
	I i/01/2016	
	12101/2016	
	01/01/2017	
	02/01/2017	
	03/01/2017	
	04/01/2017	
	05/01/2017	
	06/01/2017	
2018	07/05/2017	
	08/02/2017	
	09/05/2017	
	10/03/2017	
	11/02/2017	
	12/04/2017	
	01/03/2018	
	02/02/2018	
	03/02/2018	
	04/03/2018	
	05/02/2018	
	06/04/2018	
99999	06/30/20 I 8	

Fl111d

ID

Descnption

Beg. Arbitrage Gross Proceeds

COi Payment to escrow agent Underv.Titer's discount Transferred funds COi Reserve Reserve Interest Reserve Reserve Reserve COi Reserve Reserve Reserve Reserve Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Reserve

Unspent Proceeds as of06/30/20l8

D<?J! Coul)t	Ca/cu/alum Amt					Pool	
Factor	(biteresl Earnings)	Pctg	
0 .0000000	(30,869,012.60)		100.000	
0.0000000	131,050.00		l00.000	
0.0000000	31,633,198.00		100	.000	
0.0000000	614,200.00		100.000	
0.0000000	(2,074,000.00)		100.000	
0.0055556	6,000.00		100.000	
0.1833~33	1.00		100.000	
0.3500000	1.00		100.000	
0.5166667	376,842.00		100.000	
0.5222222	1.00		100.000	
0 .6833333	1.00		100.000	
0.8666667	1.00		100	.000	
1.0000000	6,722.00		100	.000	
1.0166667	1.00		100.000	
1.1833333	1.00		100.000	
1.3500000	J.00		100	.000	
1.5222222	1.00		100.000	
1.6833333	1.00		I00.000	
1.8444444	1.00	100.000	
2.0111111	1.00	100.000	
2.1777778	1.00		JOO.ODO	
2.3444444	1.00	100.000	
2.5111111	1.00	100.000	
2.6777778	1.00	100	.000	
2.8444444	12.00	I00.000	
3.0111111	26.00	100	.000	
3 .1777778	25	.00	100	.000	
3.3444444	38.00	100	.000	
3.5111111	52.00	100.000	
3 .6777778	56.00	100	.000	
3.8666667	71.00	100.000	
4.0166667	87.00	100.000	
42000000	90.00	100.000	
4.3555556	88	.00	100.000	
4.5166667	93 .00	100	.000	
4.6944444	95 .00	100	.000	
4.8555556	118.00	100	.000	
5.0166667	136.00	100.000	
5.1833333	127.00	100.000	
5.3555556	163.00	100.000	
5.5166667	182	.00	100.000	
5.6944444	194.00	100.000	
5.8388889	175,000.00	100.000	

** Internal HAie of&tum **	
PV Factor	PVAmt	
1.0000000	(30,869,012.60)	
1.0000000	131.050.00	
1.0000000	31,633,198.00	
1.0000000	614,200.00	
1.0.000000	(2,074,000.00)	
0.9999924	5;999.95	
0.9997507	1.00	
0.9995242	1.00	
0.9992977	376,577.35	
0.9992902	1.00	
0.9990713	1.00	
0.9988222	1.00	
0.9986412	6,712 .87	
0.9986185	1.00	
0 .9983923	1.00	
0.9981660	I.OD	
0 .9979323	1.00	
0.9977137	1.00	
0.9974952	1.00	
0.9972691	1.00	
0.9970431	1.00	
0.9968172	1.00	
0.9965913	I	00	
0.9963655	I.OD	
0.9961397	11.95	
0.9959140	25.89	
0.9956883	24.89	
0 .9954627	37.83	
0.9952371	51.75	
0.9950116	55		72	
0.9947561	70.63	
0.9945532	86.53	
0.9943053	89.49	
0,9940950	87.48	
0.9938773	92.43	
0.9936370	94.40	
0.9934194	117.22	
0.9932018	135	.08	
0.9929767	12611	
0.9927442	161.82	
0.9925268	180.64	
0.9922869	192.50	
0.9920920	173,616.10	

REUNIE15A-201 5-A I FY: 11 Mun-	951	EDB I 07/30/20181	fa43	I Rpt09c		
EaseElevateMainOb J 16						
Grau & Associates						
Grau & Associates CPAs						

Page	1	

Reunion	East CDD			
Special Assessment Refunding Bonds, Series 20	I SA	
I.R.R. Report Via	Purpose Expenditures		
$ 30. 7 I 0,000.00				
G,p	Trafl.r	Fund			
TD	Datil	lD	Dercnp1io11		

Dated:	07/29/2015		
Delivered:	07/2912015		

D~ Co1mt	Calmlatiolf. Amt	Pool	** l11temal	Rate of ReJJ,m **	
Factor	(Interest Eamin,g.r)	Pctg	PV Factor	PV Amt	
	1,668.40			(0.01)	

Arbitrage Yield limit. ........... . .. .	
/11/ernal Rate ofReturn . .	.......... ••	
Calculation Standard . ......	•........	

4.8687185 0.2721357 MSRB 30/360 SEMI 4/3

REUNIE15A-2015·A I FY: 1 I Mun-EaseElevateMamOb j 16.951EDB	I 07130/2018	I 13:43	I Rpt09c	
Grau & Associates				
Grau & Associates CPAs				

Page	2