Reunion East Community Development District

Agenda September 12, 2019

Agenda
Reunion East
Community Development District

135 W. Central Blvd., Suite 320, Orlando FL, 32801
Phone: 407-841-5524- Fax: 407-839-1526

September 5, 2019

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 be held Thursday, September 12, 2019 at 1:00 p.m. at the Heritage Crossing Community Center, 7715 Heritage Crossing Way, Reunion, FL. Following is the advance agenda for the meeting:

Roll Call
Public Comment Period
Approval of the Minutes of the August 15, 2019 Board of Supervisors Meeting and Acceptance of Minutes of the August 15, 2019 Audit Committee Meeting
Update on Proposed Closure of Spine Road Bridge Access for Reunion Village
Consideration of Resolution 2019-07 Setting a Public Hearing for the Purpose of Towing Rules and Policies
Discussion Items
Reunion Property Owner CDD Amenity Access Card
Directional and Advertisement Signage
Security
Staff Reports
Attorney
Engineer
District Manager's Report
1. Action Items Lists
Approval of Check Register
Status of Direct Bill Assessments
Presentation of Arbitrage Rebate Calculation Report
Other Business
Supervisor's Requests
Next Meeting Date
Adjournment

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

The third order of business is the approval of the minutes of the August 15, 2019 Board of Supervisors meeting and Acceptance of the Minutes of the August 15, 2019 Audit Committee meeting. The minutes are enclosed for your review.

The fourth order of business is the updated on the proposed closure of the Spine Road bridge access for Reunion Village. A copy of the Parcel Declaration of Covenants, Conditions, Restrictions and Obligation is enclosed for your review.

The fifth order of business is the consideration of Resolution 2019-07 setting a public hearing for the purpose of towing rules and policies. A copy of the Resolution and proposed policies are enclosed for your review.

The sixth order of business are the discussion items. The signage policy is enclosed under Section B and a draft security agreement is enclosed under Section C for reference.

The seventh order of business is Staff Reports. Section 1 of the District Manager's Report is the presentation and discussion of the action items lists. Copies of the lists are enclosed for your review. Section 2 includes the check register for approval. Section 3 is the discussion of the status of the direct bill assessment collections. A table with the direct bill information  is enclosed for your review. Section 4 is the presentation of the arbitrage rebate calculation report for the Series 2005 bonds. The report is enclosed for your review.

The balance of the agenda will be discussed at the meeting. In the meantime, if you have any questions, please contact me.

Sincerely,
 		-

_j	cl /\-1\--

George S. Flint District 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 East Community Development District was held Thursday, August 15, 2019 at 1:05 p.m. at the Heritage Crossing Community Center, 7715 Heritage Crossing Way, Reunion, Florida.

Present and constituting a quorum were:

Mark Greenstein Don Harding John Dryburgh Steven Goldstein Trudy Hobbs
Chairman
Vice Chairman Assistant Secretary Assistant Secretary Assistant Secretary

Also present were:

George Flint Andrew d' Adesky Alan Scheerer Rob Stultz
John Cruz Richard Nasser
District Manager District Counsel Field Manager Yellowstone CWS Security
Kingwood International Resort

FIRST ORDER OF BUSINESS	Roll Call
Mr. Flint called the meeting to order, all five members of the Board were present.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Flint: Any members of the public have comment for the Reunion East Board? We are having a public hearing for the budget adoption, so if you have a concern about the proposed budget or associated assessments it would be more appropriate for those comments to come up under the public hearing. Hearing none, we will move to the next item.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the July 11, 2019
Meeting
Mr. Flint: Are there any additions, corrections or deletions?
August 15, 2019	Reunion East CDD

Mr. Harding: On page 3, I think that is David Burman not David Thurman. On page 11 they have me saying something but I don't think I said that. I believe that was Steve  who said that.
Mr. Goldstein: Yes, that was me.
Mr. Harding: Other than that they looked good. I recommend they be approved.

FOURTH ORDER OF BUSINESS
Consideration of Request for Closure  of Spine Road Bridge Access for  Reunion Village
Mr. Flint: This is a request made from the developer of the Reunion Village. Reunion Village is the 109-acre piece that runs parallel to 14, where Orlando Health will be in the front and the back will be a residential development. This issue first came up because of what came up when they were approaching Osceola County regarding the development plan for the residential portion of Reunion Village. There's a bridge at the southern end of Spline Road that traverses Davenport Creek.
Mr. Scheerer: Right now it's a bridge to nowhere.
Mr. Flint: Yes, the bridge does not connect to anything. At the time, the developer was proposing to only have that as an emergency access or exit. As a result of that, the county requested they get the approval of the CDD for that plan. When that request was presented to the Board, the Board had some discussion about whether it would be preferable for that to be general access for residents or if it would be closed as an emergency exit. That's where we are at now.
Mr. Greenstein: We deferred action at the last meeting and we are going to have to defer action again at this meeting. The hope is by next meeting the developer of the property, Encore, and the successor will review some different aspects of the project. One of those  aspects  is access between that property and the rest of Reunion East over the bridge that goes nowhere. I'm hoping within the next month they will reach an agreement as to what is best overall. We will  take action on whatever request that is. It surfaced because when they put in for the permit, the county asked for approval of that action and we were totally unaware of anything regarding that parcel and the access on that bridge. We needed time to assess the situation. If you go past the

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August 15, 2019	Reunion East CDD

property you will see that they are clearing the property. Hopefully by next meeting we will have clarity as to what the direction should be.
Resident: Has anyone on the Board seen any plans? Mr. Flint: Yes, we've seen one layout.
Resident: Where does the District's property stop?
Mr. Flint: I don't know offhand and I don't have the drawings with me. We own to the southern end of the bridge and I'm not sure beyond that where the CDD property line ends.
Resident: Where is the hospital in relationship to that?
Mr. Flint: On the far side, on 532. It's going to be gated on the southern end of the residential piece between the commercial and residential. Whether there is through access the bridge or not, we know there will be restricted access at the southern end of the commercial piece.
Mr. Scheerer: We don't have anything in front of the Board today for them to decide on so there isn't an action item. It needs to be discussed and brought back.
Mr. Greenstein: There's a hearing on the 29th to officially adopt their finding, which is to connect Poinciana Parkway to 532.

FIFTH ORDER OF BUSINESS	Consideration of Resolution 2019-04 Setting
a Public Hearing for the Purpose of Towing Rules and Policies
Mr. Flint: The Board has talked about the issue of parking at a couple different meetings. There are some areas that are worse than others in Reunion East. There was some new legislation adopted a couple of years ago that give CDD's the ability to adopt towing policies. Although CDD's don't have police powers, they do have the ability to adopt towing policies  with the proper signage and designation of no parking areas. We asked John Cruz to come up with some preliminary areas that are the most problematic that the Board might consider putting a no parking/towing policy in place at. For the Board to do that, they have to go through a public hearing process called a Rule Hearing. We would have the proposed policy in front of the Board at the time they set the public hearing to put the towing policy in place.
Mr. Scheerer: The streets John identified were Corolla, Titian, Excitement, and Oconee. Mr. Dryburgh: Why wasn't Gathering included?
Mr. Scheerer: We can add it.

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August 15, 2019	Reunion East CDD

Mr. d' Adesky: I suggest adding that in, get all the maps in the next agenda, and bring that back to the Board at the next agenda.
Mr. Greenstein: Does the identification of the streets and the proposed hours of enforcement have to be set in advance of the hearing?
Mr. d' Adesky: There is some wiggle room to change it, but due to the nature of this I would prefer to have a clear document path all the way through.
Mr. Greenstein: Got it. So between now and the next meeting we can solidify this.
Resident: I have no idea what you are talking about. Are you talking about restricting the parking on those streets overnight? Do you know what a major undertaking that is and all the problems and concerns the property owners would have?
Mr. Flint: They do, and that's why there's' a public hearing required to do that. Resident: You will have major pushback on that.
Mr. Dryburgh: We would expect that. You have to understand the way the parking situation is set up currently, you cannot get an emergency vehicle like a firetruck through the lanes at night because the cars are blocking so much of the street. At midnight you have a  difficult time getting an emergency vehicle down there. We're trying to address everyone's concerns.
Mr. d' Adesky: We've had folks come to the Board and say they cannot get regular
vehicles through.
Mr. Harding: Per the law, emergency vehicles can plough through those areas in case of emergency.
Resident: I understand. But there are 10-12 bedroom homes that have been approved and
the guests park on the street. The reality is you have a number of people that have homes that have tenants in them that require parking on the street.
Mr. Greenstein: We've been officially discussing the subject at the meetings for the last 6 months or so. We started talking about our authority to do it before then. It is being presented for evaluation purposes. It is a test called a demonstration project. We identified the most egregious parking problems that we have on the east side, and that's what we are starting with. The resort is impacted by this. Every guest or resident can be impacted by this. We need to develop a parking plan for Reunion, and it won't happen overnight.

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August 15, 2019	Reunion East CDD

Mr. Dryburgh: We have discussed this with resort security, their input is very big with us. They're the ones that have to deal with it on Friday and Saturday nights. Those guys need a legal guideline they can go by when there are problems. It's not safe for people to park wherever they want, whenever they want.
Mr. Harding: We have people complaining about not being able to get out of their driveways.
Resident: That's a different situation. I find it hard to believe you can't get an ambulance or firetruck down any street in Reunion.
Mr. Harding: If you park on both sides of the street in some areas you could not get a firetruck through it.
Mr. Flint: The Board is not making a decision right now. They're making the decision next month.

SIXTH ORDER OF BUSINESS	Public Hearing
Consideration of Resolution 2019-05 Adopting the Fiscal Year  2020 Budget and Relating to the Annual Appropriations
Mr. Flint: Is there a motion to open the public hearing.

Mr. Flint: The Board has discussed this budget at two meetings, the proposed  was initially approved at the May meeting. It was revised at the June meeting. You set the date, place, and time of the public hearing for today for its final consideration. There is a proposed increase in the assessment amount. We will walk through the budget and take any public  comments before you consider any action. On page 1 you have the revenue section. You have a combination of on roll assessments which are designated as tax collector, those are certified to the county for collection. That is on all the platted lots within Reunion East. You have an off roll or direct billed section, that is for any of the unplatted lots. We send them a direct bill versus it being on the tax bill. The total of that is not significantly different from the current budget. You can see the major categories. Administrative has a slight increase of $6,000. Maintenance has about a $20,000 adjustment, and half of that was pressure washing. The Heritage Crossings

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August 15, 2019	Reunion East CDD

Community Center costs have remained the same. We have an allowance in the event we need to operate the irrigation system as a utility. There would be certain operational costs the District would be obligated to fund. We have a transfer out to the Capital Reserve, and that is based on a Reserve Study the District had done a number of years ago. The total expenses are fairly close from the current year to the next year. The District has certain shared costs, like the maintenance of the roads and landscaping. The shared costs are on page 2. Originally they were split out by planned unit, but a couple years ago it was changed to be split by platted lot. When it was split to platted lots, the original percentage was about Reunion East 70% and Reunion West  around 30%. Right now it is close to 56/44%. The portion that East pays has reduced over time, but the change in development plan and reduction of density has overridden any potential savings by the shift in shared cost. On page 3 you will see the current year and next years proposed assessments. At the bottom of Table 3 you will see the historical per unit amount. A single­ family home is currently paying $655.27. That number has been fairly flat for a number of years. It is proposed to go up by $190.80 from 2019 to 2020. Again, it's not that our costs are  increasing it is that we have trued up the original development plan to what is actually on the ground. Encore, the owner of that 109-acre piece, was really bearing a much larger portion of the assessments than they should have based on the development plan. They were paying based on a proposed development plan. If you go back far enough, you will see that the per unit assessments were actually higher at one point than what they are proposed to be in 2020. Are there any questions from the Board? If not, we will ask for public comments at this time on the budget and assessments.
Mr. Stanley Tourbush (7521 Morning Dove Circle): Is the increase the same for The
Terraces?
Mr. Flint: The terraces are classified as multifamily and the proposed increase is $143.10. The letter can be confusing, but it is a legal document and is required to be written a certain way. The only impact to you would be $143 over a 12-month period.
Resident (Unidentified): What is the difference between single family and golf?
Mr. Flint: Golf only applies to the golf course. The golf club pays an assessment. The multi family is the terraces and Seven Eagles. Are there any other public comments? If not, I will bring it back to the Board for discussion and consideration of the resolution.

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August 15, 2019	Reunion East CDD

Consideration of Resolution 2019-06 Imposing Special Assessments and Certifying an Assessment Roll
Mr. Flint: This resolution attaches the budget you just adopted and the assessment roll according to the per unit assessments that were approved in the budget. Are there any questions?

Mr. Flint: I'll ask for a motion to close the public hearing now.

Mr. Flint: I want to mention that we received a letter from Orlando Health yesterday and provided you all with a copy.
Mr. Scheerer: They were asking us something that is pretty much impermissible. We haven't done it in any other case. We can't do what they asked us to do, so there is no action that needs to be taken. We just want to note that we received it, we read it, and we  cannot  do anything about it.
Mr. Flint: We originally assessed them based on the planned development, then  it converts to the actual development. In this case, the assessment for Orlando Health is based on their ultimate development of that site which would result in O&M assessments of $235,000 a year. They are planning to build 370,000 square feet of commercial on that piece. They are going to be developing that site over time, and will initially have a free standing emergency room. That will be expanded to a free standing emergency room and a medical office building,  then a hospital bed tower, and then the future phases are to be determined. They were asking consideration from the Board to phase in how those are assessments. Ultimately, we can't do that even if we wanted to. I apologize for not bringing this up during the hearing. As a result of this information, is there any desire to reopen the hearing and reconsider any action?

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August 15, 2019	Reunion East CDD

Mr. Greenstein: No.

SEVENTH  ORDER OF BUSINESS	Acceptance	of	Audit	Committee
Recommendation and Selection of an Auditor
Mr. Flint: The Board sat as the Audit Committee and ranked Grau & Associates as the #1 ranked firm. I would ask for a motion to accept the Audit Committee's recommendation.

EIGHTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. d' Adesky: I have a couple things. There are some tweaks on the MSA based on comments from Bond Counsel. We are trying to get that moved forward as quickly as we can. We have bonds levied on these properties, so we have to take the opinion of our Bond Counsel into consideration. The next item, next week we have a meeting with the attorney for Kingwood regarding the unexchanged bond. We will get back with the Board with whatever comes out of that meeting. We will work on finalizing the towing rules. Don asked me to provide some bullet points on the public roads and the nature of the roads. The roads inside Reunion are public roads. All the rules that apply to public streets also apply to the rules within Reunion, and we are not excepted from any of the rules that apply to public streets. One of those rules is you cannot drive golf carts on public street unless they have been designated as a golf cart road, which the roads within Reunion have not. You can drive them in 55+ communities, this is not one of those communities. There are exemptions, one of the exemptions is if they are doing government work or contractors for a government. Our landscapers are allowed to drive their landscaping vehicles around, and contractors are allowed. Driving golf carts on the street is a ticket-able offense by the Osceola Sherriff' s Department.
Mr. Flint: There are ways to modify them to make them street legal.
Mr. d'Adesky: Yes, you can. It is expensive, but you can do it. That's all I have unless there are any other issues that the Board would like to discuss.

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August 15, 2019	Reunion East CDD

Engineer
There being none, the next item followed.

District Manager's Report
Action Items Lists
Mr. Flint: The first two items are on hold and Andrew hit on the MSA. Item 4 has been completed. The County has indicated that we can move forward with the four way stop without them requiring a study. Steve is putting together the schematics for that. We already discussed the parking issue. Can someone speak on the dog park playgrounds?
Mr. Goldstein: We are going to do a fenced dog park with the double gate. On the other side we proposed to do a playground since there isn't a decent playground in Reunion  right  now. Across from the dog park there is an area with a bench and trashcan right now. In that area we are going to put a really nice playground. We've done our due diligence.
Mr. Scheerer: The size of the dog park was estimated at 65 feet by 70 feet. It would have  a double 4-foot gate with a concrete pad as a staging area for the pets when you're transitioning from the sidewalk to the park. There would be a trashcan there, and in the park there would be a station with bags. On the backside of the park we have to have a 5-foot gate, so the landscapers can get their equipment in there. It's double picket to help prevent small dogs from escaping. Steve and I met with multiple vendors. Service Solutions provided a quote for $13,718.52  for the fence, to install the three gates was an additional $1,224, and to pour an 8x8 path was
$1,600. We had another quote for the same fencing with a 5x5 pad for $16,968. Rose Fence was a little more reasonable.  For the same size, 65x70 with three  gates and double picket fence, was
$10,200. Fence Outlet quoted $13,096. This project was not budget for 2019. If the Board chooses to do, in talking with Steve we believe the logical approach would be to go with Rose Fence. We could get the pad poured for less that $1,600. We are also working to add  water to the park, but Toho is being very slow.
Mr. Flint: Do we own the property?
Mr. Scheerer: We do not own that. Should this be something the Board would like to do, we would have to approach the property owner, which is Kingwood.
Mr. Goldstein: We talked about budgeting for the dog park now, and building in the playground to the budget.

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August 15, 2019	Reunion East CDD

Mr. Flint: The Board already approved the budget, but you can amend it.
Mr. Scheerer: On the playground, we looked at an area approximately 30x40. It's an open piece of property. I have a picture of a playground that American Parks Company installed in another CDD in Osceola County. It's a turnkey operation, they do it all except for a sidewalk leading to the ADA access. There's a company called Playmore that we contacted. They haven't submitted their proposal yet.
Mr. Goldstein: We will bring this back to the next meeting with more information.

Approval of Check Register
Mr. Flint: The total for July is $628,895. A very large portion of that is moving assessment revenue to the Debt Service Fund.

Balance Sheet and Income Statement
Mr. Flint: You also have the July 3l51 unaudited financial statements. If there's any questions, we can discuss it. Otherwise, there's no action required.

Status of Direct Bill Assessments
Mr. Flint: We are 100% collected on our on-roll assessments and direct assessments. Mr. Greenstein: That's great.

Approval of the Fiscal Year 2020 Meeting Schedule
Mr. Flint: We suggested the second Thursday of each month at 1:00 p.m. in this location.

NINTH ORDER OF BUSINESS	Other Business
Mr. Flint: Is there any other business? Do you want to open the floor to public comment? Mr. Greenstein: Sure.

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August 15, 2019	Reunion East CDD

Mr. Bagley: Three years I approached the Board about acquiring the stables, if the Board was inclined, I would pursue that again.
Mr. Flint: We are in the process of interfacing with Bond Counsel on what would be required. We received a letter of interest from another entity about acquiring this facility. We have bond funds that were used originally to construct it, and some tax issues that we would have to navigate through.
Mr. d'Adesky: We would either have to redeem bonds with an equivalent amount of what we sold it for. Or we would have to use the funds within two years for an eligible public project.

TENTH ORDER OF BUSINESS	Supervisor's Request
Mr. Flint: Any Supervisor's requests on the business? There being none,

ELEVENTH ORDER OF BUSINESS	Next Meeting Date
Mr. Flint: The next meeting date is September 12th at this location.

TWELFTH ORDER OF BUSINESS	Adjournment

Secretary/Assistant Secretary	ChairmanNice Chairman

11

MINUTES OF MEETING REUNION EAST
COMMUNITY DEVELOPMENT DISTRICT

The Audit Committee meeting of the Reunion East Community Development District was held Thursday, August 15, 2019 at 1:00 p.m. at the Heritage Crossing Community Center, 7715 Heritage Crossing Way, Reunion, Florida.

Present were:

John Dryburgh Mark Greenstein Don Harding Steven Goldstein Trudy Hobbs George Flint Andrew d' Adesky Alan Scheerer Rob Stultz
John Cruz Richard Nasser
Chairman

FIRST ORDER OF BUSINESS	Roll Call
Mr. Flint called the meeting to order and called the roll and a quorum was present.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Flint: Any members of the public have comment for the Reunion East Board?
Hearing none, we will move to the next item.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the May 9, 2019
Meeting
Mr. Flint: Are there any additions, corrections or deletions?

FOURTH ORDER OF BUSINESS	Tally of Audit Committee Member Ranking
and Selection of an Auditor
August 15, 2019	Reunion East CDD

Mr. Flint: The Board, as a government entity, is required to have an annual independent audit preformed and the Florida statutes dictate the process of selecting an auditor. Part of that process is designating an Audit Committee. For purposes of approving the form of the RFP, the selection criteria, and evaluating the responses. The Board sitting as the Audit Committee has approved the form of the RFP, they have approved the selection criteria and the notice. The notice was ran in the Orlando Sentinel and we sent it to five or six of the firms that typically provide these types of services. As a result, we received four responses; Berger Toombs, Carr Riggs, Grau & Associates, and McDirmit Davis. The Committee approved a set of evaluation criteria which include the ability of the personnel, their experience, their ability to provide and furnish the services, understanding of the scope of work, and price. All those were equally weighted at 20 points. As a result, we've provided the Committee with a scoring sheet. The  prices range in the first year anywhere from $4,575 to $5,500. We've asked for five years of pricing, but the Board would enter into one-year contracts each year. We need the Committee to come to an agreement on a consensus ranking. The pricing is different for Reunion East than it is for Reunion West. Reunion West made a decision to go with Grau & Associates, but you don't need to have the same auditor. Reunion East can choose to go with someone else.
Mr. Harding: We were all at that meeting, I would recommend going with the same ranking as the Reunion West Board.
Mr. Flint: So you will rank Grau & Associates #1, Carr Riggs #2, Berger #3, and McDirmit #4?
Mr. Harding: Correct.

FIFTH ORDER OF BUSINESS	Adjournment

2

-	·	S	ECTION V
RESOLUTION  NO. 2019-07

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE  REUNION  EAST	COMMUNITY	DEVELOPMENT	DISTRICT    SETTING    A   PUBLIC
HEARING  TO  BE  HELD  ON _	_	_	_	_	_ ,  2019  AT  1:00  P.M.  AT THE
HERITAGE CROSSING COMMUNITY CENTER, 7715 HERITAGE CROSSING WAY, REUNION, FLORIDA 34747, FOR THE  PURPOSE  OF  HEARING PUBLIC COMMENT ON THE ESTABLISHMENT OF RULES AND POLICIES FOR PARKING ON DISTRICT PROPERTY AND THE TOWING OF IMPROPERLY PARKED VEHICLES ON DISTRICT PROPERTY IN ACCORDANCE WITH CHAPTERS 120 AND 190, FLORIDA STATUTES.

WHEREAS, the Board of Supervisors ("Board") of the Reunion East Community Development District (the "District"), pursuant to Board action, has previously determined to establish and/or modify rules and policies for the utilization of the community amenity facilities within the Reunion East Community Development District, and the Board has also determined to establish rules and policies related to parking on District Property and the towing of improperly parked vehicles on district property (the "Parking and Towing Rules"), the Board now desires to hold a public hearing to consider the advisability and propriety of said rules and policies, and also desires to provide notice of said public hearing; and

NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE REUNION EAST COMMUNITY DEVELOPMENT DISTRICT, OSCEOLA COUNTY, FLORIDA:

That there is hereby declared a public hearing to be held at 1:00 p.m.,
_ _ _ _ _ _ _ , 2019, at the Heritage Crossing Community Center, 7715 Heritage Crossing
Way, Reunion, Florida, 34747 for the purpose of hearing comment and objection to the Parking and Towing Rules. Affected parties may appear at that hearing or submit their comments in writing prior to the meeting to the office of the District Manager, 135 W. Central Blvd, Suite 320, Orlando, FL 32801.

That the Board also hereby authorizes preliminary, proposed Parking and Towing Rules, attached hereto as Exhibit "A".

That notice of said hearing shall be advertised in accordance with Chapters 120 and 190 Florida Statutes, and the District Manager is hereby authorized to place said notice in a newspaper of general circulation within Osceola County.

That this Resolution shall become effective upon its passage.

[SIGNATURES ON FOLLOWING PAGE.]

Resolution 2019-07 - Setting a Proposed Hearing on Towing and Parking Rules Reunion East Community Development District
SIGNATURE PAGE TO RESOLUTION 2019-07 REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

PASSED AND ADOPTED this 12th day of September, 2019.

ATTEST:

George Flint
Secretary I Assistant Secretary
BOARD OF SUPERVISORS OF THE REUNION	EAST	COMMUNITY DEVELOPMENT DISTRICT, a Florida
community development district

Chairman/ Vice Chairman

2
Resolution 2019-07 - Setting a Proposed Hearing on Towing and Parking Rules Reunion East Community Development District
EXHIBIT "A"

PRELIMINARY PARKING AND TOWING RULES AND POLICIES

[ATTACHED BELOW]

3
Resolution 2019-07 - Setting a Proposed Hearing on Towing and Parking Rules Reunion East Community Development District

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT PARKING AND TOWING RULES

Adopted_   _   _,   2019 (Resolution 2019- 	)

Parking and Towing. The rules and regulations of this Section 1.0 are hereby adopted by the Reunion East Community Development District (the "District") and shall be referred to as the "District Parking and Towing Rules."

Applicability. The District Parking and Towing Rules shall be applicable on, over, or within those (a) designated paved parking or stalls owned by or dedicated to the District (the "Parking Areas"), (b) District rights-of-way, including but not limited to the roads, streets, thoroughfares, swales, and sidewalks  owned  by or dedicated to the District or which the District is responsible for maintaining (the "District Right-of -Way"), as generally depicted on the parking and towing map shown in Appendix 1.0 (the "Parking and Towing Map"), which is attached to these Rules and is specifically made a part hereof, as well as (c) any other property owned by  or which the District is responsible for maintaining. For purposes of these District Parking and Towing Rules, "vehicle" shall include any self-propelled vehicle or motorized means of transport.

District Parking Lots or Areas. Non-commercial vehicles not otherwise prohibited from parking on District Right-of-Way or Parking Areas are permitted to park within designated District parking lots or parking areas, which includes the  Heritage Crossing Clubhouse parking lot and Parking Areas throughout the community on District property. Parking within the Heritage Crossing Clubhouse parking lot shall be on a first come, first served basis for individuals utilizing the Heritage Crossing Clubhouse during Heritage Crossing Clubhouse operating hours. Notwithstanding, overnight parking at the Heritage Crossing Clubhouse, defined as parking in the Heritage Crossing Clubhouse parking lot when the Heritage Crossing Clubhouse is closed, of those non-commercial vehicles authorized to or not prohibited from parking on the Right-of-Way is permitted for a time period not to exceed 72 hours. No trailers shall be parked in the Heritage Crossing Clubhouse parking lot or any of the defined Parking Areas of the District. Should the trailer be attached or hooked up to a vehicle and parked in violation of these Rules, the trailer and the vehicle are each subject to towing.

On-Street Parking.

On-street parking in the District is limited to one designated side of the street in those areas as marked in the District Parking and Towing Map attached hereto as Appendix 1.0, parking in the non-designated side of the street shall be prohibited, in addition the following prohibitions apply through the District:

Guests and visitors shall be permitted to park on the streets for no longer than six (6) continuous hours in any one day. While parking, guests and visitors shall follow all parking rules and regulations, including those of the

Osceola County and the State of Florida. The Board of Supervisors may grant temporary exceptions when it deems appropriate.

Commercial vehicles (which for purposes of this provision are defined as vehicles not designed and used for normal personal/family transportation, vehicles with work racks, tool racks and/or visible equipment, and/or vehicles bearing lettering, graphics, contact information, logos, advertising and/or any other commercial insignia), limousines, lawn maintenance vehicles, construction vehicles, trailers of any kind, vehicles for hire, or vehicles used in business of or for the purpose of transporting goods, equipment, passengers and the like, or any trucks or vans which are larger than one ton, or any dual-wheel trucks shall not be parked on, over, or within the District Right-of-Way or any District parking lots or Parking Areas, except during the period of delivery or the provision of services to the adjacent residential unit(s). Such vehicles temporarily parked in accordance with this section shall be fully parked on a paved surface designed for parking or vehicular travel. No portion of the vehicle shall be parked on, over, or within a landscaped or grassed surface of the District, including but not limited to the swale.

Recreational vehicles, including campers, mobile homes and motor homes, regardless of size, all-terrain vehicles (ATVs or ATCs), go-carts, motorcycles, mini- motorcycles, mopeds, unregistered vehicles, boats, and trailers of any type, are prohibited at all times from parking or being parked on, over, or within any portion of the District Right-of-Way or District parking lots or Parking Areas; however, recreational vehicles may be temporarily parked in said areas for no more than eight (8) hours for the purposes of loading and unloading only.

Golf carts are prohibited at all times from parking or being parked on, over, or within any portion of the District Right-of-Way or District parking lots or Parking Areas. Golf carts being utilized at the time for the purposes of maintenance of properties within the boundaries of the District and which are owned and operated by the District, a homeowners or property owners' association, or an agent thereof, are exempt from this provision between the hours of 6:00A.M. and 8:00P.M. of the same day.

Individuals working in the District may park within the areas actively under construction in the District as specifically permitted by the District Manager or his/her designee.

Overnight parking, defined as parking between the hours of 12:00am (midnight) and 6:00am, shall be prohibited in the areas as indicated on the District Parking and Towing Map attached as Appendix 1.0

No portion of any vehicle shall be parked on the District Right-of-Way for any period of time within twenty (20') feet of any District mailbox kiosk within the District, unless parked within a designated District parking stall in accordance with Section 1.2 above. No portion of any vehicle shall be parked on the District Right­ of-Way in a manner that blocks access to single-family home mailboxes. A clearance of fifteen (15') feet before the mailbox and fifteen (15') feet after the mailbox is required.

No vehicle bearing a "For Sale" or similar sign shall be parked on, over, or within the District Right-of-Way or any District parking lot or Parking Area.

Vehicles temporarily parked in accordance with Section 1.3.1 above shall not park in any manner which has the effect of disrupting the normal flow of traffic, which would block the ingress or egress of trucks, public service vehicles, and emergency vehicles, which would require other vehicles to leave the paved surface of the District Rights-of-Way to pass, or which would result in a vehicle being parked in a portion of more than one parking stall of a District Parking Area. In addition, vehicles temporarily parked in accordance with Section 1.3.1 above:

Shall not park facing the wrong direction on the street.
Shall not park in any manner that blocks access to a driveway.
Shall not park in any manner that blocks a sidewalk.
Shall not park with tires on the grass, as this may cause damage to the District's irrigation.
Shall not park within thirty (30') feet of the approach to a stop sign.

Any vehicle that cannot operate on its own power is prohibited from being parked on, over, or within the District Right-of-Way or any District parking lot or Parking Area, and shall immediately be removed.

No vehicle bearing an expired registration, missing license plate, or  a license plate that fails to match the vehicle registration shall be parked on, over, or within the District Rights-of-Way or any District parking lot or Parking Area.

It is a violation of the District Parking and Towing Rules for a vehicle otherwise lawfully parked on, over, or within the District Rights-of-Way or any District parking lot or Parking Area to be covered or partially covered with a tarpaulin or other type of vehicle cover. No vehicle parked on, over, or within the District Rights-of-Way or any District parking lot or Parking Area shall be used as a domicile or residence either temporarily or permanently.

Parking in Other Areas of the District. Parking of any vehicle or trailer, including but not limited to those referenced in Section 1.3.1 above, is strictly prohibited on or within all non-paved District property, including but not limited to, landscaped or grassed areas within or adjacent to any District Right-of-Way. This prohibition shall remain in effect twenty-four (24) hours per day, seven (7) days per week.

Enforcement

Towing. Any vehicle parked in violation of the District Parking and Towing Rules may be towed at the vehicle owner's expense by a towing contractor approved by the District Board of Supervisors pursuant to Section 715.07, Florida Statutes. Vehicles and vessels parked in violation of the District Parking and Towing Rules upon first offense, may receive a warning affixed to the vehicle or vessel. Towing may be initiated only after the first offense of the vehicle, trailer, or  object parked in violation of these Rules. Thereafter, upon direction in writing (email and facsimile are acceptable) from the District Manager or a designee of the District Manager, the tow contractor is authorized to commence towing for a violation or violations of these Rules pursuant to Section 715.07, Florida Statutes. A vehicle or vessel parked in violation of the District Parking and Towing Rules for a period of longer than twenty-four (24) hours after receiving its initial warning under this section shall be subject to towing.

Sus pension and Termination of Privileges. A resident's privileges at any or all District Amenity Facilities may be subject to various lengths of suspension or termination by the Board of Supervisors due to violations of these rules.

Sus pension of Rules. The enforcement of the District Parking and Towing Rules may be suspended in whole or in part for specified periods of time, as determined by resolution of the Board of Supervisors of the District. In addition, the enforcement of the District Parking and Towing Rules may be suspended during emergency situations at the discretion of the District Manager.

Damage to District Property. Should the parking of any vehicle on, over, or within the District Rights-of-Way, District parking lots or Parking Areas, or District Property, or any portion thereof, even if on a temporary basis, cause damage to District infrastructure, landscaping or other improvement, the owner and driver of the vehicle causing such damage shall be responsible to fully reimburse the District to repair or replace such improvement. Damage includes, but is not limited to, staining caused by fluid leaking onto District parking areas. The decision on whether to repair or replace a damaged improvement shall be at the discretion of the District.

Vehicle Repairs. No vehicle maintenance or repair shall be performed on, over, or within any portion of the District Rights-of-Way, District parking lot or Parking Area, or District property. No vehicles shall be stored, even temporarily, on blocks on, within, or over the District Rights-of-Way, District parking lots or Parking Areas, or District Property.

Other Traffic and Parking Regulations. Nothing in these District Parking and Towing Rules shall prohibit local law enforcement from enforcing the laws that are a part of the State Uniform Traffic Control Law, Chapter 316, Florida Statutes, or any other local or state law, rule or ordinance pertaining to vehicular traffic or parking enforcement.

Appendix 1,0

District Parking and Towing Map

Depicted Roads or Road Portions where parking limited to one designated side: Excitement Drive
Corolla Court Titian Court Gathering Drive Oconee Street
-··-- -.=c-=-

SECTIO N VI

S ECTION 8

POLICY OF THE
REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

POLICY FOR SIGNAGE ON DISTRICT PROPERTY AND RIGHTS-OF-WAY

PURPOSE. The purpose of this Policy of the Reunion East Community Development District (the "District'') is to establish a policy regulating signage on property and rights-of-way owned by and within the boundaries of the District ("District Property"), provide definitions; and provide an effective date.

SECTION 1 - SIGNAGE ON DISTRICT PROPERTY AND RIGHTS-OF-WAY. The
Reunion East Community Development District does hereby establish a policy regulating signage on District Property.
Pursuant to §190.012(d), Florida Statutes, the District has specific authority over: "District roads equal to or exceeding the applicable specifications of the county in which such district roads are located; roads and improvements to existing public roads that are owned by or conveyed to the local general-purpose government, the state, or the Federal Government; street lights; alleys; landscaping; hardscaping; and the undergrounding of electric utility lines."
It is found and declared that the purpose of District Property, including rights-of- way, Public Streets, roads, alleys, and sidewalks, is for vehicular and pedestrian traffic. Obstructions on District Property, Public Streets, and rights-of-way create safety hazards for both pedestrians and motorists . Reasonable regulation of the use of Public Streets, rights-of-way and other District Property is necessary to protect the public's health, safety and welfare.
No signage shall be placed on any District Property, except for Signage installed
with the written authorization of the District or as required by federal, state or local law, pennit, regulation or requirement.
Any Signage placed in violation of this provision may be removed immediately by any authorized personnel or agent of the District. Any sign so removed shall be disposed of without notice or compensation.
All such Signage, other than those required by law, shall meet or exceed any standards for Signage imposed by Osceola County and shall meet or exceed any Signage standards imposed by the Reunion East Property Owners Association (unless such standards

conflict with Osceola County standards, in which case Osceola County standards shall prevail). Signage shall be made of quality materials that do not easily warp, fade or degrade due to exterior use and the following Signage materials are expressly prohibited: paper, fabric, plywood, unfinished metal or any other material that easily warps, fades or degrades in quality due to exterior use.
All such Signage shall be for the purpose of providing direction and wayfind1ng information and will not be for the purpose of marketing and/or advertisement.
All flyers, posters and other similar temporary Signage, which is placed on existing light pole fixtures and installed for the purpose of notifying Residents of upcoming community events or information, shall be exempted from this Policy. However, the District retains the right to remove any Signage if it endangers the health, safety, welfare of District residents or in any way prevents or obstructs the maintenance of District Property or District Improvements.
Upon enactment of this Policy by the District, there shall be a sixty (60) day grace
period for owners of existing Signage on District Property to seek the written authorization of the District. 'fl:e District may remove any unauthorized existing Signage remaining following the sixty (60) day grace period.

SECTION 2 - DEFINITIONS.
The following definitions apply to this Chapter:
"Alley" - means a narrow service way dedicated to public use providing a secondary means of access to abutting properties and not intended for general traffic circulation.
"District" - means the Reunion East Community Development District, a political subdivision of the State of Florida, created pursuant to Chapter 190, Florida Statutes.
"District Property" - means property and rights-of-way owned by and within the boundaries of the District, including, but not limited to, any District right-of-way, open space, Public Street, road, alley or sidewalk owned by the District.
"Reunion East Community Development District" - means a political subdivision of the State of Florida, created pursuant to Chapter 190, Florida Statutes.

"Public Street" - means a street that has been dedicated to the public by the approval of an appropriate government agency and by the recordation of a plat, deed or other document in the public records.
"Signage" - means any device designed to inform or attract the attention of persons by the display of characters, letters, illustrations or any ornamentation. The term signage, as used herein, does not include any such device installed by the District, its assignees, contractors, licensees, or any governmental authority exercising jurisdiction over the District.
"Street" - means a public thoroughfare owned by the District, including avenue, road, lane, drive or other such terms.
Terms "may" and "shall" - As used herein, the word "may'' is pennissive, and the word "shall" is mandatory.

Specific Authority:
Law Implemented:
Chapter 190.011, 190.012(3), 120.54, Florida Statutes
Chapter 190.012, 190.012(1), 190.012(3), Florida Statutes

S ECT l"ON C
AMENDED AND RESTATED SECURITY SERVICES PROVIDER AGREEMENT
(OPERATIONS)

THIS	AMENDED	AND	RESTATED	SECURITY	SERVICES	PROVIDER
AGREEMENT (this "Agreement") is entered into as of the  	
day of _ _
_ _ _ , 2019,
by and between REUNION EAST COMMUNITY DEVELOPMENT DISTRICT, a local  unit of special purpose government established pursuant to Chapter 190, Florida Statutes, located in Osceola County, Florida (the "District"), and THE REUNION RESORT & CLUB OF ORLANDO MASTER ASSOCIATION, INC. a Florida not-for-profit corporation (the "POA'').

RECITALS

WHEREAS, the District and the POA previously entered into a Security Services Provider Agreement dated November 10, 2005 (the "Prior Agreement"), the term of which subsequently expired; and

WHEREAS, the District and the POA now desire to extent, amend and restate the terms of the Prior Agreement in their entirety as set forth herein.

WHEREAS, the following amenities and properties are owned and operated by the District: See attached Exhibit "A" for a complete list of facilities,  together  with  certain buildings, furniture, fixtures, machinery, appliances, operating equipment, books, records and other personal property used in the operation of such facilities (collectively, the "District Facilities").

WHEREAS, the POA acknowledges that the District, its residents and their  guests expect a high level of service, quality and professionalism with regard to any security service provided within the District.

WHEREAS, the District, which encompasses approximately  1,000 acres, is a local unit of special purpose government created in accordance with the  Uniform  Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended. The District was created in October 2001 by Osceola County Ordinance #01-31.

WHEREAS, the District owns the real property on which the District Facilities are constructed.

WHEREAS, the District desires the benefit of the presence and expertise of professional security services to assist in the monitoring and security of District Facilities upon the terms and conditions set forth in this Agreement, and the POA is willing to provide such security services  to the District directly or through an authorized sub-operator pursuant to the terms and conditions set forth in this Agreement.

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NOW, THEREFORE, in consideration of the sum of One and 00/100 Dollars ($1.00), each to the other paid and other valuable considerations paid by each party to the other, the receipt and sufficiency of which is hereby acknowledged, and in further consideration of the mutual covenants and conditions contained herein, the parties agree as follows:

Incorporation of Recitals. The recitals stated above are true and correct and by  this reference are incorporated herein as a material part of this Agreement.

Term of Agreemen t. This Agreement shall be for an initial term beginning on October 1, 2019 and ending on September 31, 2021. At the end of this initial, approximately 2 year term, the Agreement shall be extended for a period of five (5) years and an addendum  to  this Agreement signed reflecting the new term of the Agreement; all other conditions and provisions of the Agreement shall remain the same. Additional extensions shall  be at the option of the District.

Acceptance of Securitv Services Responsibility. The District hereby retains the POA to render the services herein stated in accordance with the standards set forth herein, and  the POA hereby accepts such duties and shall discharge such duties all in accordance with the terms and conditions set forth in this Agreement. The POA shall  take no actions  inconsistent with Florida law, rules and regulations, pertaining to the District, including, but not limited to, public access requirements.

Specific Authority. The District hereby grants to the POA  the  power  and authority to provide, either directly or through a sub-operator(s), security services to, and surveillance and monitoring of, the District Facilities.

Delegation. The POA may retain a sub-operator(s), such as  a  professional security services provider or other qualified operator, including, without limitation, an affiliate of the POA, to perform some or all of its duties with respect to the District Facilities and may delegate to such sub-operator(s) some or all of its authorities and duties hereunder, so long as all of the terms of this Agreement are incorporated into the terms of any such agreement  between the POA and any sub-operator(s) (as applicable, the "Sub-Operator"). It shall be the responsibility of the POA to require that any Sub-Operator has the ability to, and has in fact agreed to, assume the responsibilities of the POA  under this Agreement.  Should the POA elect to retain a Sub-Operator in accordance with this Agreement, and should such Sub-Operator assume all of the obligations and duties of the POA hereunder, then any reference, where applicable, to the POA in this Agreement shall automatically refer to the Sub-Operator.

Expenses and Compensation. The District shall reimburse  the POA  for any and all expenses and costs the POA incurs during the term hereof in relation to providing such security services on behalf of the District as described herein, but only up to an amount equal to the sum the District has budgeted for security services in that particular year. Should the POA provide security services on behalf of the District for only a portion of any given year, then the fee paid by the District to the POA for such services shall be prorated accordingly on a monthly basis. Any past due amounts will bear interest at the rate of 4% per annum. Compensation fees  for future years shall be incorporated automatically by the District's adoption of its annual

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budget, but the District hereby agrees that the amount allocated for security services in its future annual budgets shall not be less than $140,000.00 so long as this Agreement is in force. In the event the District's budget does not allocate at least $140,000.00 annually for security services, the POA shall have the right to terminate this Agreement at such point when the amount of compensation paid to the POA under this Agreement actually falls below the $140,000.00 annual minimum requirement or its monthly pro-rated equivalent.

Services Provided by the POA. The POA, individually or through a Sub-Operator shall, in accordance with this Agreement, ensure that the District Facilities are provided with the following security services ("Services"):

security personnel to man the main entry guardhouse  within the District, 24 hours per day, seven days a week, and control access to the District Facilities in strict accordance with specified and approved District rules and regulations as adopted by the District, as may be amended by the District from time to time upon at least 30 days' prior  written  notice to the POA;

security personnel to constitute roaming security patrols to monitor the District Facilities and all roads therein as determined by the District and, in the event a Sub­ Operator is retained, as confirmed by the POA;

monitoring of all construction sites within the District Facilities;

responding to security emergencies within the District Facilities;

traffic control when necessary;

on-site vehicle assistance;

maintaining severe weather and disaster response preparedness; and

trained first responders for emergencies.

Standards and Operation. The Services shall be provided  in accordance  with those of a high quality professional security services provider, and at a level consistent with or better than a similar operation in central Florida.

Employees: Independent POA Status. All matters pertaining to the employment, supervision, compensation, promotion and discharge of any employees of entities retained by the POA, including the Sub-Operator, are the sole responsibility of such entities retained by  the POA. Any entity retained by the POA shall fully comply with all applicable acts and regulations having to do with workman's compensation, social security, unemployment insurance, hours of labor, wages, working conditions and other employer-employee related subjects. In performing any Services, the POA shall be an independent contractor and not an employee of the District, and any Sub-Operator(s) or entity retained by the POA to perform the Services shall only have contractual privity with the POA and shall not be an employee or an independent contractor of

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the District. It is further acknowledged that nothing herein shall be deemed to create or establish a partnership or joint venture between the District and the POA. The POA has no authority to enter into any contracts or agreements, whether oral or written, on behalf of the District.

Supervision of Security Officers. The POA shall have the sole right to direct and supervise all security officers and other personnel furnished by the POA to the District. The District shall not have the right to alter instructions or directions given to the security officers or other personnel furnished by the POA or assume any supervision of such security officers or personnel. Notwithstanding anything contained in this paragraph, any rules, regulations or policies of the District either currently in force or officially adopted from time to time by the District (which, if applicable, security officers or other personnel shall be required to follow in accordance with this Agreement) shall not be construed as instructions or directions from the District to any security officers or other personnel. If POA security officers and/or other personnel furnished by the POA to the District fail to comply with rules, regulations or policies of the District, that shall be treated as a material breach, including termination for  material breach within ten (10) days if not cured pursuant to Section 13 hereunder.

Insurance.

In the event the POA undertakes to directly provide the Services to the District, the POA shall obtain and keep in force at POA's expense all of the insurance policies listed below. All insurance shall be issued by companies authorized to do business under the laws of the State of Florida, and must be reasonably acceptable to the District. The POA shall furnish certificates of insurance to the District prior to the commencement of the Services, naming the District as an additional insured, and the POA shall maintain such certificates in full force and effect. Each certificate shall clearly indicate that the POA has obtained insurance of the type, amount and classification as required for strict compliance with this paragraph, and there shall be no material change or cancellation of any insurance policy without thirty (30) days' prior written notice to the District. Insurance coverages shall be as follows:

Worker's Compensation: The POA shall provide worker's compensation coverage for all employees and require any Sub­ Operator to provide the same to its employees. The limits shall be the statutory limits for worker's compensation and $1,000,000 for employer's liability.
Comprehensive General Liability: The POA shall provide coverage for all operations including, but not limited to, Contractual, Products and complete Operations and Personal Injury, in an amount of at least $1,000,000 combined single limit.

Other Insurance: The POA agrees to acquire and maintain such other insurance as may be reasonably required by the District during the term of this Agreement.

In the event the POA elects to retain a Sub-Operator(s) to perform its duties under this Agreement, the POA shall be relieved from complying with the specific insurance requirements

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set forth in this paragraph 1O; however, the POA shall be responsible for assuring that any and all Sub-Operators carry insurance in the minimum amount set forth in this paragraph 10 and comply with all other requirements of this paragraph.

The District shall be named as an additional insured under any and all policies required under this Agreement, whether such insurance policies are acquired by the POA or a Sub-Operator. Acceptance by the District of any evidence of insurance submitted by the POA does not relieve or decrease in any manner the liability of the POA for performance of the Services in accordance with the terms and conditions hereof.

The District hereby agrees to maintain an insurance policy insuring against comprehensive general liability with coverage limits as permitted by Florida law throughout the term of this Agreement.

License, s  Transfers.	The POA or the Sub-Operator, as the case may be, shall, at
its own expense, secure all required permits, licenses and/or authorizations as are necessary to perform the Services. All licenses will be obtained in the name of the POA, if possible. In the event the POA is in default under this Agreement and/or this Agreement is terminated by the District, the POA agrees that it will transfer (to the maximum extent permitted by law, ordinance or other governmental regulation), at the District's expense, all permits and licenses which may be held by the POA as are necessary to provide the Services, to the District or, at the District's sole option, to the District's nominee.

Termination. This Agreement can be terminated by either party, with or without just cause, upon sixty (60) days' prior written notice to the other party. This Agreement may be terminated by the District upon a material breach of this Agreement by the POA, which breach is not cured within ten (10) days after receipt of written notice thereof from the District.

Notices. Any notice required or permitted to be given by the terms of this Agreement or under any applicable law by either party shall be in writing and shall be either hand delivered or sent by certified or registered mail, postage prepaid, return receipt requested. Such written notice shall be addressed to:

District:

and a copy to:
Governmental Management Services, L.L.C.
RE: Reunion East Community Development District 135 W. Central Blvd, Suite 320
Orlando, FL 32801 Attention: District Manager

Latham, Luna, Eden & Beaudine. 111 N. Magnolia Ave, Suite 1400
Orlando, Florida 32801 Attention: District Counsel

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POA:	The Reunion Resort & Club of Orlando Master Association, Inc.
1631 E Vine Street, Suite 300
Kissimmee, Florida  34744

and a copy to:	Aegis Community Management Solutions, Inc.
1631 E Vine Street, Suite 300
Kissimmee, Florida 34744

Waivers.

Risk of Loss. It is understood and agreed between the  parties that the POA is not an insurer and that the rates being paid for Services are for security officer services designed to deter certain risks of loss, which rates are not related to the value of the real or personal property monitored in respect of the provision of the Services. All amounts being charged by the POA are insufficient to guarantee that no loss will occur, and the POA makes no guarantee, implied or otherwise, that no loss will occur or that the Services supplied will avert or prevent occurrences or losses that the Services are designed to help deter or avert. The District shall assume all risk of loss or physical damage to the District Facilities and any other property occurring as a result of nature, fire or other casualty and the District waives any right of recovery and its insurer rights of subrogation against the POA or any other person or entity for any loss or damage resulting from any such risks.

Client Vehicle(s). If the District requires the POA's personnel to drive  any vehicle(s) during the course of their duties other than the security officer's own personal vehicle or a vehicle furnished by the POA, the District agrees that its insurance is primary; and the District further agrees to carry comprehensive fire and theft, collision and liability insurance on the District's vehicle(s) in such amounts and with such deductibles and other terms as the POA may require. The District agrees to waive all rights of recovery from the POA and, subject to the limitations contained in this paragraph, to indemnify, hold harmless and defend the POA and each other Indemnified Party from any and all such losses, claims, suits, damages, thefts and expenses that may arise out of the authorized or permitted use of the District's vehicle(s). However, in the event the District shall be required to indemnify any party under this paragraph, this indemnification shall, in all circumstances, be limited to an amount not to exceed the total amount of any insurance proceeds available to the District at the time the indemnification is made plus any amount previously paid or then due and payable to the POA as compensation for providing the Services hereunder.

Security Officer Theft. It is expressly  understood  and agreed that under no circumstances will the POA be responsible for the theft or other loss of the District's property not directly attributable to thefts by security officers employed by the POA or any Sub-Operator. In the event of allegations of security officer thefts, the District waives its right of recovery unless (i) the POA is notified in writing of such allegations within forty-eight (48) hours of the discovery of any suspected security officer theft; (ii) the District fully cooperates with the POA

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in the investigating of the facts; (iii) the District presses formal charges; and (iv) a conviction is obtained.

Indemnification. Except for matters specified in Section 15, the POA agrees to indemnify, save harmless and defend the District, their officers, directors, board members, employees, agents and assigns, from and against any and all liabilities, claims, penalties, forfeitures, suits, legal or administrative proceedings, demands, fines, punitive damages, losses, liabilities and interests, and any and all costs and expenses incident thereto (including costs of defense, settlement and reasonable attorneys' fees, which shall include fees incurred in any administrative, judicial or appellate proceeding) which the District, their  officers,  directors, board members, employees, agents and assigns, may hereafter incur, become responsible for or pay out to the extent arising out of (i) the POA's breach of any term or provision of this Agreement, or (ii) any negligent or intentional act or omission of the POA, its agents, employees or subcontractors, in the performance of this Agreement.

Compliance with All Laws, Regulations. Rules and Policies.  Notwithstanding  any reference made in any paragraph within this section, the provisions of this section and the duties and obligations set forth herein shall apply equally to both the POA and any Sub­ Operator(s) the POA may retain to provide the Services.

At all times, the POA is expected to operate in accordance with all applicable statutes, regulations, ordinances and orders, as well as the rules and policies of the District, including, but not limited to, the Rules of the Reunion East District, Chapter 8, a copy of which is attached hereto as Exhibit "B" and incorporated herein.

The POA hereby covenants and agrees to comply with all the rules, ordinances and regulations of governmental authorities wherein the District Facilities are located, at the POA's sole cost and expense, and the POA will take such action as may be necessary to comply with any and all notices, orders or other requirements affecting the Services as may be issued by any governmental agency having jurisdiction over the POA, unless specifically instructed by the District or the District Manager that it intends to contest such orders or requirements and that the POA shall not comply with the same. The POA shall provide immediate notice to the District Manager, which shall in turn notify the District within two (2) business days, of any such orders or requirements upon receipt of same.

The District is a local unit of special purpose government created in accordance with the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes. The POA agrees to comply with all applicable requirements of the "Sunshine Law," the "Public Records Law," the Community Development Districts Law, and all other statutes and regulations applicable to the POA.

The POA shall promptly comply with all environmental statutes, rules, laws, regulations and notices and shall not keep or accumulate any flammable, polluting, or hazardous materials or substances on the District Facilities except in quantities reasonably necessary to carry out its duties under this Agreement. The POA shall hold the District harmless from any fines, penalties, costs and damages resulting from the POA's failure to do so. The

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POA shall immediately discontinue any activity which is in violation of law and shall remedy the same immediately; the POA shall be responsible for the payment of any associated fines or penalties.

The POA shall bear all costs associated with compliance under the Americans with Disabilities Act or any other such state or federal legislation related to its performance of the Services; provided, however, that the District shall be solely responsible for such compliance in respect of the improvements constituting the District Facilities.

Ownership of Books and Records & Public Records.

POA understands and agrees that all documents of any kind relating to this Agreement may be public records and, accordingly, POA agrees to comply with all applicable provisions of Florida public records law, including but not limited to the provisions of Chapter 119, Florida Statutes. POA acknowledges and agrees that the public records custodian of the District is the District Manager, which is currently GMS - Central Florida (the "Public Records Custodian"). POA shall, to the extent applicable by law:

Keep and maintain public records required by District to perform services.

Upon request by District, provide District with the requested public records or allow the records to be inspected or copied within a reasonable time at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes;

Ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of the Agreement term and following the Agreement term if the POA does not transfer the records to the Public Records Custodian of the District; and

Upon completion of the Agreement, transfer to District, at no cost, all public records in District's possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws.

IF POA HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE POA'S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT, CONTACT THE DISTRICT'S CUSTODIAN OF PUBLIC RECORDS AT
(407) 841-5524, OR BY EMAIL AT GFLINT@GMSCFL.COM OR BY REGULAR MAIL AT 135 W. CENTRAL BLVD, SUITE 320, ORLANDO, FLORIDA 32801, ATTN: DISTRICT PUBLIC RECORDS CUSTODIAN.

Maintenance of District Facilities. Notwithstanding the fact that the POA or a Sub-Operator may occupy a District Facility in order to provide the Services under this Agreement, the District shall be responsible for the maintenance of all District owned property

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Reunion East Community Development District
Amended and Restated Security Services Agreement (2019)
and assets including, but not limited to, any and all guard houses and security gates.  However, the POA or Sub-Operator shall be responsible for any and all installation and maintenance of equipment, tools, communication devices, monitoring devices or other items which are necessary for the POA or Sub-Operator to provide the Services contemplated hereunder. In addition, the POA or the Sub-Operator shall maintain a current inventory of all items or assets owned by the POA or the Sub-Operator which are installed, placed or stored on District property or in a  District Facility, but these items and assets shall at all times remain the property of the POA or the Sub-Operator, as the case may be.

Planning and Financial Reporting. The POA shall develop and maintain a business plan and procedures manual for the operation of the security services within  the  District. A representative of the POA will provide, on an annual basis, financial reports to the District or the District's designated representative by the thirtieth (30th) day of the month following the end of each fiscal year of the POA. At the request and expense of the District, an audit may be requested by the District at any time. The POA shall cooperate fully  with the auditor selected by the District.

Sovereign Immunity. Nothing herein shall cause or be construed  as a waiver of the District's immunity or limitations on liability granted pursuant to section 768.28, Florida Statutes, or other law, and nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing any claim which could otherwise be barred under the Doctrine of Sovereign Immunity or by operation of law.

Third Party Beneficiaries. The Services provided under this Agreement are solely for the benefit of the District and neither this Agreement nor any Services rendered hereunder shall give rise to or shall be deemed to or construed so as to confer any rights on any other party as a third party beneficiary or otherwise, including any owners of property within the District.

Attornevs' Fees. In the case of the failure of either party hereto to perform and comply with any of the terms, covenants or conditions hereof, and such terms, covenants or conditions, or damages for the breach of same are enforced or collected by suit or arbitration or through an attorney at law, whether suit or arbitration is brought or not, the party so failing to perform and comply hereby agrees to pay the other party hereto a reasonable sum of money for attorneys' fees, together with the costs, charges, and expenses of such collection or other enforcement of rights in any such litigation or arbitration.

Governing Law and Jurisdiction. This Agreement shall be interpreted  and enforced under the laws of the State of Florida. Any litigation arising under this Agreement shall be venued in the Circuit Court of Osceola County, Florida. THE PARTIES  WAIVE TRIAL BY JURY AND AGREE TO SUBMIT TO THE PERSONAL JURISDICTION AND VENUE OF A COURT IN OSCEOLA COUNTY, FLORIDA.

No Waiver. No failure by either party to insist upon the strict performance of any covenant, duty, agreement or condition of this Agreement or to exercise any right  or remedy upon a breach thereof shall constitute a waiver of any such breach or of such or any other covenant, agreement, term or condition. Any party hereto, by written notice executed by such

9
Reunion East Community Development District
Amended and Restated Security Services Agreement (2019)
party, may, but shall be under no obligation to, waive any of its rights or any conditions to its obligations hereunder, or any duty, obligation, or covenant of any other party hereto. No waiver shall affect or alter this Agreement, but each and every covenant, agreement, term and condition of this Agreement shall continue in full force and effect with respect to any other then-existing or subsequent breach thereof.

Miscellaneous.

The captions for each paragraph of this Agreement are for convenience  and reference only and in no way define, describe, extend or limit the scope or intent of this Agreement, or the intent of any provision hereof.

Except as set forth herein, the POA may not assign this Agreement or any of the rights and duties expressed herein except with the District Manager's prior written consent, which consent shall not be unreasonably withheld. Notwithstanding  the  foregoing,  the assignment of all or a portion of the rights and obligations hereunder to a Sub-Operator shall not constitute an assignment hereof.

Whenever used, the singular number shall include the plural, the plural the singular, and the use of any gender shall include all genders, as the context requires.

The POA and the District have had equal input in the drafting of this Agreement and, in consideration thereof, the language used in this Agreement will be construed according to its fair and common meaning and will not be construed more stringently or liberally for either party.

If any provision of this Agreement is held to be illegal or invalid, the other provisions shall remain in full force and effect.

No Modification. No modification, waiver, amendment, discharge or change of this Agreement shall be valid unless the same is in writing and signed by the parties against which such enforcement is or may be sought. This instrument contains the entire agreement made between the parties and may not be modified orally or in any manner other than by an agreement in writing signed by all parties hereto or their respective successors in interest.

Time of the Essence. Time, and timely performance, is of the essence of this Agreement and of the covenants and provisions hereunder.

(i) Counterp arts and Facsimile. This Agreement may  be  executed  in  any number of counterparts with the same effect as if all parties had signed  the same document.  Such executions may be transmitted to the parties by facsimile and such facsimile execution shall have the full force and effect of an original signature. All fully executed counterparts, whether original executions or facsimile executions or a combination thereof, shall be construed together and shall constitute one and the same agreement.

10
Reunion East Community Development District
Amended and Restated Security Services Agreement (2019)

[SIGNATURES ON FOLLOWING PAGE]

11
Reunion East Community Development District
Amended and Restated Security Services Agreement (2019)
SIGNATURE PAGE TO
AMENDED AND RESTATED SECURITY SERVICES PROVIDER AGREEMENT

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on their behalf by their duly authorized representatives, all as of the date first set forth above.

WITNESSES:	REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

Print:- - - - - - - - - - -

By:_ _

_ _ _

_ _ _

_ _ _ _ _ _

Print:- - - - - - - - - - -

WITNESSES:
Print:- - - - - - - - - - - - -
Title:- - - - - - - - - - - - -

THE REUNION RESORT & CLUB OF ORLANDO MASTER ASSOCIATION,
INC. a Florida not-for-profit corporation

Print:- - - - - - - - - - -

By:_ _

_ _ _

_ _ _

_ _ _ _ _ _

Print:_ _ _

_ _ _ _

_ _ _ _
Print: - - - - - - - - - - - - -
Title: - - - - - - - - - - - - -

12
Reunion East Community Development District
Amended and Restated Security Services Agreement (2019)
EXHIBIT "A"

LIST OF DISTRICT FACILITIES/PROPERTY

[Description of all District facilities and property to be provided.]

58107, 98700, 101086895.7, Security Services Provider Agreement - District 11/10/05
-:-- ..	-

S E CTION VII

S ECTl"ON C

S ECTION 1

Reunion East

Item#	Meeting Assigned	
Action Item	
Assigned To:	
Date Due	
Status	
Comments	

1	
3/14/11	
Irrigation Turnover	
Developer		
On Hold	Issue on Hold Pending CUP Neqotiation	

2	

3/16/17	

Allocation of 532 Costs	

Scheerer/d'Adesky		

On Hold	Proposals from Yellowstone presented at August meeting. Counsel Sent Demand Letters for Costs to Each Parcel Owner. Publix
Declined Sharinq Costs.	

3	

1/11/18	Amendment to MSA to Incorporate
Heritage Crossing Community Center & Horse Stables	

Resort/Flint		

In Process	Negotiations with New Resort Owners to Take Place Over the Course of 60- 90 Days	

4	
4/11/19	Review of 4-Way Stop at Spine Road & Tradition Blvd.	
Boyd		
In Process	County advised District Can Move Forward with Installation.	

5	

4/11/19	Corolla Court Parking Issue; Evaluation of Addition of Street
Parking Towawav Zones	
Williams/Cruz/ Scheerer		

In Process	
Proposed Towing Policy on September MeetinQ Aqenda	

6	
4/11/19	Patriot's Landing Small Retention Pond Cleanup	
Boyd		
In Process	Board Approved Vendor to Commence Work in Fall	
7	4/11/19	Creatinq DoQ Par ks/Playground	Goldstein		In Process	Proposals Have Been Received	
8	5/9/19	Crosswalk in Front of Resort	Boyd		In Process		

Reunion West

Item#	Meeting Assigned	
Action Item	
Assigned To:	
Date Due	
Status	
Comments	

1	
1/11/18	Installation of Neighborhood Monuments	
Scheerer		
In Process	6 of 7 Permits Were Approved and Installation Has Begun	

revised 9/5/2019

Item#	Meeting Assigned	
Action Item	
Assigned To:	
Date Due	
Status	
Comments	

2	

2/21/19	

Cost to Install Parking Spaces at Valhalla Mail Kiosk Area	

Boyd		

In Process	
Engineer Authorized to Prepare Work Authorizations for Parking Area and Landscaping Installations in Amount NTE $10,000 Each. Chairman
Authorized to Execute Authorizations.	

3	

2/21/19	

Evaluate Traffic Lanes for Sinclair Road Gate	

Boyd/Scheerer		

In Process	
Engineer Authorized to Prepare Work Authorizations for Traffic Lane Work in Amount NTE $10,000. Chairman
Authorized to Execute Authorizations.	

4	
4/11/19	Review of 4-Way Stop at Tradition Blvd. & Golden Bear	
Boyd		
In Process	County advised District Can Move Forward with Installation.	

revised 9/5/2019
Reunion Resort & Club
Seven Eagles Cove COD Action Items Punch List

Ref
#	Notes & Action Items	Target Description		Date	Responsible Party(s)	Status/Notes/Next Steps	Completed Date	Comments	

1	

Landscapinq around bu lldinQ is over orowr	21-Mar	

Yellowstone	

Land scapinq needs to be replaced in serval areas		

On Hold	

S ECTION 2	·

Reunion East
Community Development District
Summary of Check Register

August 1, 2019 to August 31, 2019

I

$	s2,4s4.11 1

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 8/30/19
***  CHECK DATES 08/01/2019 - 08/31/2019 ***	REUNION EAST-GENERAL FUND
BANK A REUNION EAST COD
PAGE	1
CHECK  VEND# ••••.INVOICE•••.•••.EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO OPT ACCT# SUB SUBCLASS
STATUS
AMOUNT	CHECK•••••
AMOUNT	#
8/07/19 00129

8/07/19 00134

8/07/19 00049

8/07/19 00163

8/07/19 00054
7/29/19 4566	201907 320-53800-47700
RPLC LGHT BULB/WALL SCONE 7/29/19 4566	201907 300-13100-10100
RPLC LGHT BULB/WALL SCONE 7/30/19 4568	201907 320-53800-46200
INST.TOILET/EMG LGHT/SCRW 7/30/19 4568	201907 300-13100-10100
INST.TOILET/EMG LGHT/SCRW 7/30/19 4570	201907 320-53800-46200
RPR PAVR-HC/CP/HS/TR POOL 7/30/19 4570	201907 300-13100-10100
RPR PAVR-HC/CP/HS/TR POOL
BERRY CONSTRUCTION INC.
8/02/19 2359	201907 310-51300-31100
CDD MTG/CERT/SITE VISIT
BOYD CIVIL ENGINEERING
7/31/19 CF0239	201907 320-53800-47700 CLN BTHRM/WALL/FLR/BALAST
7/31/19 CF0239	201907 300-13100-10100 CLN BTHRM/WALL/FLR/BALAST
GOVERNMENTAL MANAGEMENT SERVICES
7/27/19 1491	201907 320-53800-47500
PRESS.WASH-HORS STBL/SDWK 7/27/19 1491	201907 300-13100-10100
PRESS.WASH-HORS STBL/SDWK
PRESSURE WASH THIS
8/07/19 2019AUG	201908 320-53800-34500 SECURITY SERVICES AUG19
8/07/19 2019AUG 201908 300-13100-10100 SECURITY SERVICES AUG19
*	380.80
*	299.20
*	369.60
*	290.40
*	394.80
*	310.20
- - - - - - - -  -  -  -2-,04-5.-00- 004342
*	924.07
- -  - - -  -  -  -  - -  - -92-4-.07- 004343
*	391.91
*	307.93
-	-  -  -  -  - - - -  - -69-9.-8-4 004344
*	448.00
*	352.00
-  - - -  - - -  - - -  -  -80-0-.00- 004345
*	6,533.33
*	5,133.33

8/07/19 00117

7/25/19
7/25/19

5436161
TRUSTEE 5436161
REUNION RESORT & CLUB MASTER ASSOC.
201907 310-51300-32300
FEES SER.2015-1
201907 310-51300-32300
- - - - -  - -  -  -  -  -11-,6-66.-66-
*	4,000.00
*	4,000.00
004346
TRUSTEE FEES SER.2015-2
7/25/19
5436161	201907 310-51300-32300
*	4,000.00
TRUSTEE FEES SER.2015-3
USBANK
- - -  -  - - -  - - - -12,-00-0.-00- 004347
8/13/19 00049
8/01/19 467	201908 310-51300-34000
MANAGEMENT FEES AUG19
*	3,689.58
REUE REUNION EAST	TVISCARRA
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 8/30/19
*** CHECK DATES 08/01/2019 - 08/31/2019 ***	REUNION EAST-GENERAL FUND
BANK A REUNION EAST CDD
PAGE	2
CHECK  VEND# •••..INVOICE.....•..EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
8/01/19 467	201908 310-51300-35100
INFORMATION TECH AUG19
8/01/19 467	201908 310-51300-31300
DISSEMINATION FEE AUG19 8/01/19 467	201908 310-51300-51000
OFFICE SUPPLIES AUG19
8/01/19 467	201908 310-51300-42000
POSTAGE AUG19
8/01/19 467	201908 310-51300-42500
COPIES AUG19
8/01/19 467	201908 310-51300-41000
TELEPHONE AUG19
8/01/19 468	201908 320-53800-12000
FIELD MANAGEMENT AUG19
8/01/19 468	201908 320-53800-46200
PUBLIX-BATTERIES
STATUS	AMOUNT	•...CHECK.....
AMOUNT	#
*	183.33
*	541.67
*	21.02
*	17.06
*	58.65
*	38.13
*	3,320.92
*	6.61

8/14/19 00074
GOVERNMENTAL MANAGEMENT SERVICES
7/31/19 179032	201907 320-53800-47000
AQUATIC PLANT MGMT JUL19 7/31/19 179032	201907 300-13100-10100
AQUATIC PLANT MGMT JUL19
-  - - - - - - - - -  -7-,87-6.-97- 004348
*	72.24
*	56.76

8/14/19 99999
APPLIED AQUATIC MANAGEMENT, INC.
8/14/19 VOID	201908 000-00000-00000 VOID CHECK
-	- - - - -
C

.oo
129.00 004349

8/14/19 00129
******INVALID VENDOR NUMBER******
8/01/19 4572	201908 320-53800-46200	*
RPLC BRKN TOILET/EMRG LT
8/01/19 4572	201908 300-13100-10100	*
RPLC BRKN TOILET/EMRG LT
8/06/19 4573	201908 320-53800-46200	*
RPLC UMBRLA POOL A/POOL B
8/06/19 4573	201908 300-13100-10100	*
RPLC UMBRLA POOL A/POOL B
8/06/19 4575	201908 320-53800-46200	*
RPLC 2 UMBRELLA@ CARR.PT
8/06/19 4575	201908 300-13100-10100	*
RPLC 2 UMBRELLA@ CARR.PT
8/09/19 4574	201908 320-53800-46200	*
RPLC 1 UMBRELLA@ TERRACE 8/09/19 4574	201908 300-13100-10100
RPLC 1 UMBRELLA@ TERRACE
8/09/19 4576	201908 320-53800-47700	*
RPLC 2CEILING TILE/42 LTS
REUE REUNION EAST	TVISCARRA

263.20
206.80
294.00
231.00
196.00
154.00
98.00
77.oo
487.20
.0 0 004350
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 8/30/19
***  CHECK DATES 08/01/2019 - 08/31/2019 ***	REUNION EAST-GENERAL FUND
BANK A REUNION EAST COD
PAGE	3
CHECK  VEND# •••..INVOICE••••• ..•EXPENSED TO•••	VENDOR NAME	STATUS DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
8/09/19 4576	201908 300-13100-10100	*
RPLC 2CEILING TILE/42 LTS
8/09/19 4577	201908 320-53800-46200	*
RPLC PLSTC HOUSING/SCREWS
8/09/19 4577	201908 300-13100-10100	*
RPLC PLSTC HOUSING/SCREWS
8/09/19 4578	201908 320-53800-47700	*
RPLC 8 LED LIGHT@ STABLE
8/09/19 4578	201908 300-13100-10100	*
RPLC 8 LED LIGHT@ STABLE
AMOUNT

382.80
156.80
123.20
856.80
673.20
..••CHECK•.•.. AMOUNT	#

8/14/19 00157

8/14/19 00011

8/14/19 00154

8/14/19 00030

8/19/19 00095
BERRY CONSTRUCTION INC.
8/06/19 117	201908 320-53800-47400
REDUCE BRNCH/CRT CLRANCE 8/06/19 117	201908 300-13100-10100
REDUCE BRNCH/CRT CLRANCE 8/08/19 116	201908 320-53800-47400
RMV/STUMP GRIND SPLIT OAK 8/08/19 116	201908 300-13100-10100
RMV/STUMP GRIND SPLIT OAK
ENVIRO TREE SERVICE LLC
8/07/19 18602	201907 310-51300-31400
ARBITRAGE SERIES 2005
GRAU & ASSOCIATES
8/07/19 7988	201908 320-53800-48000
LANDSCAPE CONSULTING AUG 8/07/19 7988	201908 300-13100-10100
LANDSCAPE CONSULTING AUG
SUNSCAPE CONSULTING
7/31/19 REU44039 201906 320-53800-46500 RPR BRKN HDS/IRG.LINE/NOZ
7/31/19 REU44039 201906 300-13100-10100 RPR BRKN HDS/IRG.LINE/NOZ
7/31/19 REU44040 201907 320-53800-46500 RPR BRKN HD/NOZZ/ZONE LIN
7/31/19 REU44040 201907 300-13100-10100 RPR BRKN HD/NOZZ/ZONE LIN
YELLOWSTONE LANDSCAPE

8/12/19 S110409	201908 320-53800-57400 RPLC MAIN/EMRG BRD/CRD RD
8/12/19 S110409	201908 300-13100-10100 RPLC MAIN/EMRG BRD/CRD RD
REUE REUNION EAST	TVISCARRA
- -  - - -  - - -  -  - -4,-20-0.-00- 004351
*
*	88.00
*	1,232.00
*	968.00
- -  -  -  -  - -  - -  - -2,-40-0.-00-  004352
*	600.00
-  -  - - - - -  - - - - -60-0-.0-0 004353
*	1,820.00
*	1,430.00
- - -  -  -  -  -  - - -  -3-,2-50.-00 004354
*	522.27
*	410.35
*	541.86
*	425.74
- - - - - - - - - - -1,-90-0.-22- 004355
*	2,709.11
*	2,128.59
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 8/30/19
***  CHECK DATES 08/01/2019 - 08/31/2019 ***	REUNION EAST-GENERAL FUND
BANK A REUNION EAST COD
PAGE	4
CHECK  VEND# ...••INVOICE..•.••••EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
8/12/19 S110911	201908 320-53800-57400 RESET EMRG CTRLR/PANEL
8/12/19 S110911	201908 300-13100-10100 RESET EMRG CTRLR/PANEL
STATUS

*
*
AMOUNT	..••CHECK..•.•
AMOUNT	#
73.92
58.08

8/19/19 00129
ACCESS CONTROL TECHNOLOGIES, INC.
8/14/19 4582	201908 320-53800-53200
REINST.STOP SIGN SEVN EGL 8/14/19 4582	201908 300-13100-10100
REINST.STOP SIGN SEVN EGL
- - -  - -  - - -  -  -  -4,-96-9.-70- 004356
*	103.60
*	81.40

8/19/19 00168

8/19/19 00163

8/26/19 00092
BERRY CONSTRUCTION INC.
8/13/19 48123	201908 320-53800-47700
RMV GRAVEL/REINFRC ROOF 8/13/19 48123	201908 300-13100-10100
RMV GRAVEL/REINFRC ROOF
JURIN ROOFING SERVICES INC
7/01/19 1487	201907 320-53800-47500
PRS.WSH/TRT-PK WATSON AVE 7/01/19 1487	201907 300-13100-10100
PRS.WSH/TRT-PK WATSON AVE
PRESSURE WASH THIS
7/30/19 073019	201907 320-53800-41000
HC PHONE LINE 4574 JUL19 7/30/19 073019	201907 300-13100-10100
HC PHONE LINE 4574 JUL19 7/30/19 073019	201907 330-53800-41000
HC PHONE LINE 9758 JUL19 7/30/19 073019	201907 330-53800-41000
HC PHONE LINE 9867 JUL19 7/31/19 073119	201907 330-53800-43300
BALLROOM CLEANING JUL19
- - - -  -  -  - - -  - - -1-85-.00-
*	276.44
*	217.21
- - - - -  -  -  -  -  - - -49-3-.65-
*	112.00
*	88.00
-  - -  - - - -  - - - - -2-00.-00-
*	31.64
*	24.86
*	56.50
*	56.50
*	825.00
004357

004358

004359

8/26/19 00095

8/26/19 00129
REUNION RESORT
8/22/19 Sl11141 201908 320-53800-57400 RECONNECT READER TO RESET
8/22/19 Sll1141 201908 300-13100-10100 RECONNECT READER TO RESET
ACCESS CONTROL TECHNOLOGIES, INC.
8/20/19 4584	201908 320-53800-47200
RPLC VOLTAGE TRNSFMR ENTR 8/20/19 4584	201908 300-13100-10100
RPLC VOLTAGE TRNSFMR ENTR
-  -  -  - - - -  -  - - -  -99-4.-5-0 004360
*	73.92
*	58.08
- - -  -  - - - - - - - -1-32-.0-0 004361
*	299.60
*	235.40
BERRY CONSTRUCTION INC.	535.00 004362

REUE REUNION EAST	TVISCARRA
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 8/30/19
*** CHECK DATES 08/01/2019 - 08/31/2019 ***	REUNION EAST-GENERAL FUND
BANK A REUNION EAST CDD
PAGE	5
CHECK	VEND# •••..INVOICE•...••••EXPENSED TO...	VENDOR NAME DATE		DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
STATUS
AMOUNT	••••CHECK•••••
AMOUNT	#
8/26/19 00119

8/26/19 00002

8/26/19 00092
8/20/19 87273	201907 310-51300-31500
CDD MTG/SPECTRUM/KINGSWD 8/20/19 87274	201907 310-51300-31500
EVAL.CASE/RESRCH DOCKET
LATHAM,SHUKER,EDEN & BEAUDINE,LLP
7/17/19 83666850 201907 310-51300-48000
REQ.PROPOSAL ANNL.AUDIT 7/17/19 83666850 201907 310-51300-48000
FY19/20 BDGT/ASMT/CDD MTG
ORLANDO SENTINEL COMMUNICATION
7/30/19 DUKE-DUK 201906 320-53800-43000
DUKE ENERGY #31537 19104
7/30/19 DUKE-DUK 201906 320-53800-43000
DUKE ENERGY #12715 05144
7/30/19 DUKE-DUK 201905 320-53800-43000
DUKE ENERGY #31537 19104
7/30/19 DUKE-DUK 201905 320-53800-43000
DUKE ENERGY #12715 05144
7/30/19 RECDDREE 201907 320-53800-46200 POOL CLEANING SERVS JUL19
7/30/19 RECDDREE 201907 300-13100-10100 POOL CLEANING SERVS JUL19
7/30/19 TOHO-TOH 201906 320-53800-43100 TOHO METER#62644093 JUN19
7/30/19 073019A 201907 320-53800-41000 HC PHONE LINE 2365 JUL19
7/30/19 073019A	201907 300-13100-10100 HC PHONE LINE 2365 JUL19
7/30/19 073019A	201907 320-53800-41000 HS PHONE LINE 9325 JUL19
7/30/19 073019A	201907 300-13100-10100 HS PHONE LINE 9325 JUL19
7/30/19 073019A	201907 320-53800-41000 HS PHONE LINE 9385 JUL19
7/30/19 073019A	201907 300-13100-10100 HS PHONE LINE 9385 JUL19
*	2,960.20
*	59.00
- -  - - - - -  -  -  - -3,-0-19.-20- 004363
*	226.25
*	3,055.84
-  -  -  - -  - - - - - -3,-28-2.-09- 004364
*	758.56
*	291.25
*	626.64
*	280.53
*	1,848.00
*	1,452.00
*	85.60
*	31.64
*	24.86
*	31.64
*	24.86
*	31.64
*	24.86

8/26/19 99999
REUNION RESORT
8/26/19 VOID	201908 000-00000-00000 VOID CHECK
- - - - - - -
C

.00
5,512.08 004365
******INVALID VENDOR NUMBER******
8/26/19 00060	8/02/19 341456	201908 320-53800-46200	* CP POOL-THERMOMTR/GUTTER
- - - - - - -
146.36
.00 004366
REUE REUNION EAST	TVISCARRA
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 8/30/19
***  CHECK DATES 08/01/2019 - 08/31/2019 ***	REUNION EAST-GENERAL FUND
BANK A REUNION EAST COD
PAGE	6
CHECK  VEND# •••••INVOICE•.••• ••.EXPENSED TO •••	VENDOR NAME	STATUS	AMOUNT	••••CHECK•.••• DATE	DATE	INVOICE	YRMO  DPT ACCT# SUB SUBCLASS				AMOUNT	#
8/02/19 341456	201908 300-13100-10100	*	114.99
CP POOL-THERMOMTR/GUTTER
8/02/19 341457	201908 320-53800-46200	*	210.22
TER.POOL-THERMO/FLOWMETER
8/02/19 341457	201908 300-13100-10100	*	165.18
TER.POOL-THERMO/FLOWMETER
8/02/19 341458	201908 320-53800-46200	*	149.24
HS POOL-SPA FLOWMETER
8/02/19 341458	201908 300-13100-10100	*	117.26
HS POOL-SPA FLOWMETER
8/07/19 341628	201908 320-53800-46200	*	132.97
REBLD 3-WAY VALV POOL VAC
8/07/19 341628	201908 300-13100-10100	*	104.48
REBLD 3-WAY VALV POOL VAC
8/12/19 341677	201908 320-53800-46200	*	158.03
TER.POOL-LADDER/RPLC STEP
8/12/19 341677	201908 300-13100-10100	*	124.17
TER.POOL-LADDER/RPLC STEP
8/12/19 341678	201908 320-53800-46200	*	96.60
HS POOL-LADDER/TIGHT STEP
8/12/19 341678	201908 300-13100-10100	*	75.90
HS POOL-LADDER/TIGHT STEP
8/12/19 341679	201908 320-53800-46200	*	96.60
HC POOLB-LADDER/TGHT STEP
8/12/19 341679	201908 300-13100-10100	*	75.90
HC POOLB-LADDER/TGHT STEP
8/12/19 341680	201908 320-53800-46200	*	139.92
. HC POOLA-LADDER/RPLC STEP
8/12/19 341680	201908 300-13100-10100	*	109.93
HC POOLA-LADDER/RPLC STEP
8/12/19 341681	201908 320-53800-46200	*	206.95
CP POOL-RPLC 3 STEPS&BOLT
8/12/19 341681	201908 300-13100-10100	*	162.60
CP POOL-RPLC 3 STEPS&BOLT
-------- -- - - -  -  - - - -  - - - -  -  -  -  -
SPIES POOL LLC 	2,-387.-30- 004367
8/26/19 00075	8/21/19 66000070 201908 320-53800-47000	*	638.12
PESTICIDE/HERBICIDE/MERPH
8/21/19 66000070 201908 300-13100-10100	*	501.38
PESTICIDE/HERBICIDE/MERPH
- - - - - - - - - - - - - - - - - - - - - - - - - -
TEST -AM-ERI-CA--LABORATORIES-, INC.
- - - - -  -  - - - - -1,139-.5-0 004368
8/26/19 00030	8/15/19 REU45878 201908 320-53800-46200	*	3,456.31 AQUATIC SERVICES AUG19
8/15/19 REU45878 201908 300-13100-10100	*	2,715.67 AQUATIC SERVICES AUG19
REUE REUNION EAST	TVISCARRA
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 8/30/19
***  CHECK DATES 08/01/2019 - 08/31/2019 ***	REUNION EAST-GENERAL FUND
BANK A REUNION EAST COD
PAGE	7
CHECK  VEND#  •••••INVOICE••••• ••.EXPENSED TO•••	VENDOR NAME	STATUS DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
8/21/19 REU31803 201906 300-13100-10400	*
REU31803-CREDIT MEMO
8/31/19 REU46708 201907 320-53800-47400	*
RPLC-TREE & PLANT-JUL19
8/31/19 REU46708 201907 300-13100-10100	*
RPLC-TREE & PLANT-JUL19
AMOUNT

1,053.00-
21.84
17.16
••••CHECK.•••• AMOUNT	#

8/28/19 00166

8/30/19 00160

8/30/19 00060
YELLOWSTONE LANDSCAPE
8/13/19 299380ES 201907 320-53800-43200 GAS CHARGE 07/08-08/06/19
8/13/19 299380ES 201907 300-13100-10100 GAS CHARGE 07/08-08/06/19
FLORIDA NATURAL GAS
8/24/19 11196	201908 320-53800-12200
FACILITIES BLDG RENT AUG 8/24/19 11196	201908 300-13100-10100
FACILITIES BLDG RENT AUG
CITICOMMUNITIES LLC
8/16/19 341912	201908 320-53800-46200
HS POOL-MOUNT EXT.BOX TMR 8/16/19 341912	201908 300-13100-10100
HS POOL-MOUNT EXT.BOX TMR 8/21/19 341960	201908 320-53800-46200
HC POOLA-RPLC PUMP PLUG 8/21/19 341960	201908 300-13100-10100
HC POOLA-RPLC PUMP PLUG 8/22/19 341997	201908 320-53800-46200
CP POOL-RPLC SPA CRT/ORNG 8/22/19 341997	201908 300-13100-10100
CP POOL-RPLC SPA CRT/ORNG 8/22/19 341998	201908 320-53800-46200
TER POOL-RPLC FLOWMTR/DIF 8/22/19 341998	201908 300-13100-10100
TER POOL-RPLC FLOWMTR/DIF

*	14.54
*	11.42

*	1,906.97
*	1,498.33

*	136.89
*	107.56
*	100.49
*	78.96
*	320.54
*	251.86
*	355.01
*	278.94
5,157.98 004369

25.96 004370

3,405.30 004371
SPIES POOL LLC	1,630.25 004372

TOTAL FOR BANK A
TOTAL FOR REGISTER
81,561.27
81,561.27

REUE REUNION EAST	TVISCARRA

S ECTION 3
Reunion East/West COD Direct Billed Assessments for FY 2019

District
Reunion East

EHOF
11-1-15 Interest					O&M	Debt	Total	Paid	
27-25-27-2985-TRAC-FD20 30 Comm/755 MF	$358,021	$153,228	$511,249	Nov	$454 ,923	$858,693	$1,313,616 Paid 1/2/19	
35-25-27-4895-PRCL·0l C0 242.29 Comm/701 MF/300 Hotel	$490 ,846	$1, 207,865	$1,698,711	Feb	$227,462	$429,346	$656,808 Paid 4/25/19	
27-25 -27-2985-TRAC-FD30 10 Comm/56 MF/104 Hotel	$60,979	$356,292	$417,271	May	$227,462	$429,346	$656 808 Paid 5/2/19	
	$909,846	$1,717,385	$2,627,231	Total	$909,846	$1,717,385	$2,627,231	

District
Reunion West	
landownder
Reunion West SPE	
Tota l O& M	
Total Debt	
Tota l Due		
O&M	
Debt		
Tota l	Paid	
	27-25-27-4927-0001·WCl0	$7,276		$7,276	Dec	$29,883		$0	$29,883 Paid 1/30/2019	
	27 -25-27-4927 -000l SFl 0	$37,864		$37,864	March	$29,883		$0	$29,883 Paid 3/28/19	
	27-25-27-4927-000l•SF20	$41,725		$41,725	June	$29,883		$0	$29,883 Paid 6/26/19	
27-25-27-4935-0001-0XX0	 	$3 2,667.00	$32,667 	September	 	$29,883	$0	$29,883							
	$119,532.00	$0.00 $119,532.00	Total	$119 ,532	$0	$119,532							
Reunion West HOA	$202,932	$0	$202,932	Dec	$50,733.00	$0.00	$50,733.00 Paid 1/30/2019			
22-25-27-4923-0001-00BD				Ma rch	$50,733 .00	SO.DO	S5D,133 .00 Paid 3/28/19			
				June	S5D,733 .00	SO.OD	SS0,733.00 Paid 6/26/19			
September 		$50,733.00		$0.00			S50 733.00 Tota l	 $ 202,932.00	SO.DO			$ 202,932.00 										

S.ECTION 4

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT
$18,880,000
SPECIAL ASSESSMENT BONDS SERIES 2005
ARBITRAGE REBATE REQUIREMENT FEBRUARY 28, 2019
Grau & Associates
CERTIFIED PUBLIC ACCOUNTANTS
951 Yamato Road• Suite 280 Boca Raton, Florida 33431 (561) 994-9299 • (800) 299-4728
Fax  (561) 994-5823
www.graucpa.com

July 24, 2019

Reunion East Community Development District Osceola County, Florida

Re: $18,880,000 Reunion East Community Development District (Osceola County, Florida)
Special Assessment Bonds, Series 2005 (the "Bonds")

Reunion East Community Development District has requested that  we  prepare certain computations related to the above-described Bonds for the year ended February 28, 2019 ("Computation Period"). The engagement consisted of the preparation of computations  to be used to assist in the determination  of the amount, if any, of the Rebate Requirement for the Bonds for the Computation Period as described in Section 148(f) of the Internal Revenue Code of 1986, as amended ("Code"). You have the ultimate responsibility for your compliance with arbitrage rebate laws; therefore, you should review the calculations carefully.

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

The results of our computations based on the information provided to us indicate a negative Rebate Requirement of ($2,939,017) for February 28, 2019. Consequently, our results indicate no amount must be on deposit in the Rebate Fund.

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

Grau & Associates

DESCRIPTION OF ATTACHED SCHEDULES

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

Purpose Expenditures Future Value Report - Verifies the rebate  calculation.  The report future values the purpose expenditures by the arbitrage yield limit to the computation date (February 28, 2019).

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- 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 CDD
Special. Assessment Bonds Summary of Rebate Calculations
$ I S,880;000.00
Dated: Delivered:
03/01/2005
03/f7/2005

AnniverJa?Y Date. . . . . . •. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . ,., . . . . .	0!5/01/20()5	
F11l11re-Vt1/ue Dc1t11•. . .• . . .• . .• . . • . •. . . . • . . • .• .• .• . . . . •. . . .• • .• • • • •	02/28/2019	
Arbitrage Yield Umit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	5.8005102	
Tota/of Pu,po.re Expmditure.r. . . . . . . . . . . . . . . •. . . . . . . . . . . . . . . . . . .. , . . . , .	$20,022,61.0.00	
Internal &lie ef Retun,. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . . .	2.3087703	
90% o/ rebate liabil'i!J. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	-$2,645,115,57	
Full rebate liability. . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . . . •. . . . . . . . . . . . . .	-$2,939,017 .31	

REUNION° 200-5A  I  FY  1 I Mun -EaseElev.ateMainDb j 16.951EDS I 07/24/2019 I 13:21 I Rpt22
Grau & Associates
Grau & Associates CPAs

Page	1

Reunion East COD	Dated:	03i01/2005
Special Assessment Bonds	Delivered:	03i17/2005
Purpose Expenditures Future Value Report	F11tNTe Vo/11edTo:	02/213/2019
$ I 8,880,000,00
'lirmsadion	Gnmp   .F,md	Future Value Cale11/alio11 An//	FV	FV
Dt1le	ID	ID	De.miption	Periods	(111i, Earnings)	Pool%	Factor	A,,,o,mi

3/17/2005	.J	COi	Beg. Arbitrage Gross Proceeds	27.8944444	-18,928,668.44    100.0000000   2.2199849	-42,Q l,357.80
3/17/2005	0	Construction	27.8944444	127,940.00	100,0000QOO  2.2}99849	i  84,024.87
3/1712005	0	Under.niter's Discount	27.8944444	347,600.00   100.0000000  2..2199849	771,666.75
3/28/2005	0	Construction	27.8333333	1, 020,593.00  .100. 00.00000  2.2161096	2,261,745..94
3/29/2005	0	Construction	27.8277778	7,664.00	100.0000000   2.2151576	16,981.57
4/11/2005	0	Construction	27.7611111	4,020.00   100.0000000  2.2115384	8,890;38
4/13/2005	0	Constn1ction	27 7500000	7,19LOO	I00.0000000  2.2108360	15,89812.
4/19/2005	0	Construction	27.7166667	1,335;340.00       I00.0000.000    2.2087l01	2,949,fl05:64
4/2612005	0	Construction	27.6777778	4,789.00	I 00.00Q()O()O  :2.2062757	10,565.85
5/2/2005	0	Interest	27.6444444	182,507.00	100.00000()Q    2.2041741	402,277.21
5/2/2005	0	Construction	27.6444444	1,0S4:00	I 00.0000000  2.2041741	2,323.20
5/l.8/2005	0	Construction	27.5555556	350,478.00    100.0000000  2.198 5797	770,553.83
6/1/2005	0	Construction	27.4833333	76.00	I00:0000000  2.1940447	16§.75
6/16/2005	0	Construction	27.4000000	216,921.00   100:0000000  2,1888236	474,801.81
7/1/2005	0	Construction	27.3166667	1.00    100.0000000   2.1836150	2.18
7/8/2005	0	Construction	27.2777778	592,168.00	100.0QOOOOO  2.18) 1885	1,291,630 .05
8/1/2005	0	Construction	27.1500000	15.00	I 00.0000000   2.1732348	32.60
8/18/2005	0	Construction	27.0555556	2,162,379.00	100.0000000    2.1673747	, 4 686;685.48
9/1/2005	0	Construction	26.9833333	1.93.00	100.0000000  2.1629040	4l7.44
10/.1/2005	0	Construction	26.81666 67	Jl.00    100.0000000   2.1526223	66.73
10/3/2005	0	Construction	26.8055556	23.00   100.0000000  2.1519386	49.49
10/11/2005	0	Construction	26.76Jl l I l	870,865.00     100.0000000   2.149.20 60	1,871,§68.26
10/20/2005	0	Construction	26.7111111	975,717.00   100.0000000  2.1461359	2,094,021.27
11/1/2005	0	Interest	26.6500000	547,520.00     100.0000000   2.1423895	1;173,00U O
11/17/2005	0	Construction	26.5611111	843,656.00	I00.0000000    2.l_3695l 9	1,802,852.30
11/22/2005	0	Construction	26.5333333	2,150.00	I 00.0000000   2.1352555	4,590.80
12/l/2005	0	Construction	26.4833333	35.00    100.0000000   2.1322053	?4.63
12/lj/2005	0	Construction	26.4166667	822;395.00	100.000<1000  2.1281452	l,750,175.99
12/14/2005	0	Construction	26.4lll 111	-40,491.00	100.0000000  2:12 78072	-86,!S7.04
1/10/2006	0	Construction	26.2666667	-12,863,00   L00.0000000   2.1190382	-27,257.19
1/11/2006	0	Cons truction	26.2611111	-1s.snoo	l00.0000000    2 1l87017	-   33,003.02
1/17/2006	0	Construction	26.2277778	935,136.00   100.0000000  2:1166835	1,979,386.97
2/13/2006	0	Construction	26.08'33333	19 1,021.0.0     100.0000000   2.10796.04	402,664.70
3/10/2006	0	Construction	25.9333333	153;349.00     100.0000000   2:0989398	321,870.31
4/12/2006	0	Construction	25.7555556	-240,678.00    100.0000000  2,0882986	-502,607.54
4il212006	0	Construction	25.7555556	526.00    100.0000000   2.0882986	1,098.45
5/1/2006	0	Interest	25.6500000	547,520.00   100.0000000  2.0820060	1,13 .939:94
5/15/2006	0	Construction	25.5722222	350.00	iOMOOOOOO  2:01 73815	727,08
5/16/2006	0	Construction	25.5666667	1,077,588.00	I 00;0000000  2.0770516	2,238,205.84
5/25/2006	0	Construction	25.5166667	-l,077,588.00  100.0000000   2.0740845	-2,235,008.61
5/2tii2006	0	Construction	25.5111111	476,55S..OO    100.0000000  2.0737551	988;2ss .3s
6/15/2006	0	Construction	25.4055556	237,718.00   100.0000000  2.0675063	' 491,4834 7
7/21/2006	0	Construction	25.2055556	651,243.00	100.0000000  2.0557181	1.,338,772,02
8/3/2006	0	Construction	25.I388889	139,711.00   l00.0000000   2.0518036	286,659.54
8/15/2006	0	Construction	25.0722222	168,403.00   100.0000000  2.0478966	344,871.94

REUNION-2005-A I FY: 11 Mun-EaseElevateMairiDb) 16.95f EDB I 07/24/2019 I 13:21 I Rpt15a
Grau & Associates
.	Page	1
Grau & Associates CPAs

Reunion East CDD	Dated:	03/01/2005
Special Assessment Bonds	Delivered:	03/17/2005
Purpose Expenditures Future Value Report	F11t11rt Va/111dTo:	02/28/2019
$ l 8,880,000.00
Tran.raclion	Cro,p Ftmd		Fut11re Value Calm/ationAmt			FV		FV Date		ID	ID	De.r.'fipti<lll		Pen'ods	(1111. Eaming,)	Pool%	Factor	Amount
9/1/2006	0	Reserve	24.9833333	166.00	I 00.0000000   2.0426989	339.09
9/19/2006	0	Construction	24.8833333	373,218.00	100..0000000  2.0368671	760,195.48
10/2/2006	0	Construction	24.81111 II	-I 03,816.00	100.0000000  2.0326657	-211.02.3.22
11/1/2006	0	Interest	24:6500000	547,520.00	l.00.0000000  2.0233245	1,107,8}°'60
U/14/2006	0	Construction	24.5777778	287,270.00	100.0000000  2.0191509	58(),041.49
11/15/2006	0	Construction	24.5722222	54,917.00	I00.0000000  2;0188303	I10,868 10
12/20/2006	0	Construct ion	24.3777778	293,481.00	100.0000000  2'0076384	589,203.73
l/10/2007	0	Construction	24.2666667	90,()0	I00.0000000  2.0012709	180.ll
1/16/2007	0	Construction	24.2333333	46,185.00   100.0000000  1.9993646	92,340.66
2/14/2007	0	Construction	24.0777778	-7,071.00    100.0000000   l.9904926	-14,074.77
2/14/2007	0	Construction	24.0777778	740.00	I 00.0000000  1.9904926	1,472.96
3/5/2007	0	Construction	23.9611111	-192.00	100.0000000   l.9838644	-380.90
3/8/2007	0	Construction	23.9444444	7,071.00	100.0000000   I 9829193	14,021.22
3/14/2007	0	Construction	23.9111111	-100.00	I 00.0000000  1.9810305	"198, 10
3/19/2007	0	Construction	23.8833333	-9,051.00	100.0000000  1.9794578	-17,91(?.07
5/1/2007	0	Interest	23.6500000	1,540.00   100.0000000  1.9662968	3,028.10
6/19/2007	0	Construction	23.3833333	31,640.00	100.0000000   l.9513628	61,741.12
7/17/2007	0	Construction	23.2277778	8,917.00   100.0000000  1.9427037	17,323.09
8/14/2007	0	Construction	23.0777778	86,091 00	I 00.0000000  1.9343903	166;533.60
9/19/2007	0	Construction	22.8833333	27,383.00	l00.0000000  1.9236666	52,675.76
l0/19/2007	0	Construction	22.71.66667	17,662 00   100.0000000  1.9145221	33,814.29
l0/30/2007	0	Interest	22.6555556	-540,554.00	I00..0000000  i.9111801	-1.033,096.03
ll/1/2007	0	Interest	22.6S00000	540,560.00   100.0000000  l.910.8765	l,.032,943.42
ll/13/2007	0	Construction	22.5833333	2,182.00   100.0000000  1.9072379	4,L6LS9
12/14/2007	0	Construction	22.4111111	579.00	100.0000000  1.8978701	1,098.87
l/14/2008	0	Construction	22.2444444	27,967.00   100.0000000  1.8888482	52,825.42
212.0/2008	0	Construction	22.0444444	[84,362.00	I00.0000000  1.8780787	346,246,34
3/17/2008	0	Construction	21.8944444	30,833.00	100.0000000  1.8700418	57,659,00
4/14/2008	0	Construction	2l.74444-t4	50,902.00   100.0000000  1.8620393	94,781.52
4/30/2008	0	Interest	21.6555556	-540,414.00	I00.0000000  1;8573132	-1,003,718,08
5/1/2008	0	Interest	21.6500000	540,560.00	I 00.0000000  1.8570183	t,Q0).829.79
5115/2.008	0	Construction	21.5722222	22,746.00   100.0000000  1.8528935	42,1.45.91
5/27/2008	0	Construction	21.5055556	11,100.00	100.0000000  1.8493652	20,527.95
6/6/2008	0	Construction	21.4555556	-7,315.00	100.00.00000 1.8467235	lJ,508.78
6/26/2008	0	Construction	21.3444444	3,544.00   100.0000000  J.84Q8664	6,524.03
7/11/2008	0	Constrnction	21.2611111	41,830.00	100.0000000  1.8364857	76,820.20
8/15/2008	0	Construction	21.0722222	14,692.00	100,0000000  1.8265948	26,836.33
9/9/2008	0	Construction	20.9388889	10,252.00   100.0000000  1.8196451	18,655.00
IO/l0/2008	0	Construction	20.7666667	8,298.00   100.0000000  1.8107075	15,025.25
10/31/2008	0	Interest	20 6555556	-533,125.00   100.0000000  1.8049647	;962,271.79
11/3/2008	0	Interest	20.6388889	533,165.00   100.0000000  L8041Q48	961,885.54
11/14/2008	0	Construciion	20.5777778	1,601.00   100.0000000  l.800955S	2,883,33
12/8/2008	0	Construction	20.4444444	2,006.00   100.0000000  1.7941033	3,598 97
3/12/2009	0	Construction	19.9222222	984.00   100.0000000  1.7675158	l,739.24
4/15/2009	0	Construction	19.7388889	2,087.00   100.0000000  1.7582756	3,669.52

REUNION-2005-A I FY: 1 I Mun-EaseElevaleMainDb I 16.95f EDB I 07/24/2019 j 13:21 I Rpt15a
Grau & Associates
Grau &	.	s CPAs	Page	2

Reunion East COD	Dated:	03/01/2005
Special Assessment Bonds	Delivered:	03/17/2005
Purpose Expenditures Future Value Report	rHh1re Val11edTo:	02/28/2019
$ I 8,880,000.00
Tra11,a&tion	Croup P1111d			F11t11re Va/11e Ca!C11latioil Amt			FV			FV Date		ID	ID		Duml!,_lio11		Petiod.r	(bit. Earning,)	Pool%	Fa&tor	Amount 5/1/2009			0		Interest	19,6 500000		-533,055.00     100 ,0000000     1.7538129		?34,878 76
5/1/2009	0	Interest	19.6500000	533,165.00	I 00.0000000    1.7$38129	935,071.68
5/12/2009	0	Construction	19.5888889	2,49L OO  100 .0000 QOO 1.750,75 14	4,361.l2
6/12/2009	0	Construction	19.4222222	635.00    100.0000000    l.7424i90	1,106.44
71112009	0	Construction	19 .31.66667	341.00     100.0000000   1.7371785	592.38
8/18 009	0	Construction	[9.0555556	753.00    100.0000000   1.7242585	1,29837
9/10/2009	0	Construction	18.9333333	1,666.00	1.00.0000000   l.7182439	2.8  259
10/7/2009	0	Construction	18.7833333	848.00	I00.0000000    1.7108910	l,4J0.&4
11/2/2009	0	Interest	18.6444444	-525,335.00	lOQ.000 0000  1.7041108	-895,229.07
1112/2009	0	Interest	18.6444444	525,335.00    100.0000000   L704H08	89S.i29.07
I l/18/2009	0	Construciion	i8.5555556	491.00     100,0000000    1.6997856	834.59
12/15/2009	0	Construction	[8.4055556	3,500.00    100.0000000    l.692Sll7	5,923,79
l/15/2010	0	Construction	18.2388889	385.00	L00.0000000   1.6844661 	8.52
3/17/2010	0	Construction	17.8944444	341.00	100.000000!)    1.6679595	56.8 77
417/2010	0	Co1istruciion	17.7833333	2.399 ,00	I 00.0000000    1.6,626694	3,988.74
5/14/2010	0	Construction	l 7.5777778	2,581.00	100.0000000    1.6529268	4,266.20
5/24/2010	0	Reserve	l 7.5222222	473,916 .00     100:0000000    1.6503035	782,1.0 5.24
7/23/2010	0	Construction	17.1944444	3,081.00     100 . 0000 000   l.6349105	5,037.16
7/30/2010.	0	Construction	[7 .15 55556	546.00	l00.0000000    1:6330938	891.67
9/17/2010	0	Construction	16.8944444	971.00	l00.0000000    1.6209479	l,S?J.94
10/20/2010	0	Reserve	16.7111 111	6,048..00       100.0000000   1.6124739.	9,752.24
ll/3/2010	0	Construction	16.6388889	-6,750.00	100,0000000    1.6091479	,l0,86L7S
11/3/2010	0	Construction	16.6388889	13,500.00     100.0000000  l .6091479	21,723.50
11/15/2010	0	Reserve	16.5722222	3,751.00    .I 00 . 0000 000  1.6060838	6,024.42
l l/19/2010	0	Construction	16.5500000	5;213.00     100,0000000   1.6QS0637	8,367.20
11/22/2010	0	Construction	16:5333333	-10,895,00     100.0000000    1.6042991	-17,47.8:84
1 ll23/20l0	0	Construction	16.5277778	2[,790 .00    100.0000000   l.6940443	34,952J2
2/9/2011	0	Construction	16 .10 55556	381.00      1.0 0.0000000   l.5847978	603.81
5/20/2.0 1l	0	Construction	[5.5444444	334.00     100.0000000   1.5595771	520.90
9121/2011	0	Reserve	14.8722222	17,082 .00	100,00 00000   1.5298901	26,(33.58
9/26/2011	0	Construction	14.8444444	1,lJ8.00     l00.0000000   1.5286756	1,739.63
5/2i/2012	0	Reserve	13.5388889	7,500.00     100.0000000    l.47 6684	ll ,04, 501
12/19/2012	0	Reserve	12.3833333	.856.00	100. 000000.0    1.4,248103	8,343.69
6/18/20[3	0	Reserve	l 1.3888889	5,000.00 I00 '.0000000 1.384871.8
, 6 92 .36
ll/1912013	0	Reserve	10.5500000	9,736.00    100.0000000   l.3520525	l3;163.58
7/24/2014	2015	Deferred costs	9.1888889	32,131.00    100.0000000   l.3004492	41,784.73
8/14(2014	2015	Reserve	9.0777778	2,289.00       100.0000000     l.2963247	2,967.29
10/14/20[4	2015	Construction	8.7444444	553,755.00     100.0000000    l.2.840294	m ,03 '7:10
10/20/2014	2015	Construction	8.11l ll 11	-136,030.00     100.0000000   1.2828063	-f74;$00J4
I1/18/2014	2015	Deferred costs	8.5555556	14M13.QO     100.0000000    [.277.1139	185,964.39
11/18/2014	2015	Construction	8.5555556	1,208,792,00      10 0.0000000    1.277li39	1,5.43,765:, 10
11/26/2014	2015	Reserve	8.5lli.lll	203,25LOO  100.0000000 1.2754922	259,24S:06
12/5/2014	2015	Construction	8.461111 1	243,000.00	l00.0000000    1.2736702	309,50].85
115/2015	2015	Construction	8.2944444	-7 l,481.00     100.0000009    1.2676156	·90;610.43
1/1212015	.20 15	Construction	8.2555556	-195,605.00    100:00000()Q    l.2662070	-247,676.42

REUNION-2005-A I FY" 1 I Mun-EaseElevateMalnDb I 16.951EDB I 07/24/2019 j 13:21 JRpt15a

Page	3
Reunion East COO	Dated:	03/0112005	
Special Assessment Bonds	Delivered:	03/17/2005	
Purpose Expenditures Future Value Report
$ l 8,880,000.00
Future Vi1IJ1edTo:	02/28/2019

	Trmm1Ction	Group	1-imd		Future Value	t:akulatio11 An1t	FV	.FV	
	Date	ID	ID	Description	Pmi;ds	(1.111. cami11g1)	Pool%	f'attor	Amot111t	
	5/18/2015	2016		Reserve	7.5555556	22,642.00	100.0000000	1.241 U8J	28,101.40	
	5/29/2015	2016		Deferred costs	7.4944444	1.00	I 00.00oOOOO	1.2389518	l.24.	
	5/29/2015	2016		Construction	7.4944444	1,239,383.00	l 00.0000000	1.2389518	(.535,535.78	
	5/29/2015	2016		Reserve	7.4944444	512,383.00	100.0000000	1.2389518	634,817.83	
	2/28/2019	-1		Unspent Proceeds as of02/2812019	0.0000000	14.00	100.0000000	1.0000000	14.QO	
						1,093,955.56		-2,939,017.Jl	

	Arbitrage Yield Limit (AYL) . . . . . • . . . •. . . •.	5.8005102			
	hrtemal Rate of Return (IRR) . . . . . . . . . . . . . .	2.3087703			
	Future Valued To.. . .• . . . . . . . . . . . . . . . . . . . .	2/28/2019			

REI.JNJON-2005-A I FY' 11Mun-EaseElevateMainDbl16.95fEDB I 07/2412019113:21 I Rpt15a
Grau & Associates

Page	4
Grau & Associates CPAs	•

Reunion East CDD	Dated:	03/01 /2005.
Special Assessment Bonds	Delivered:	03/17/2005
A.Y.L. Verification Report
1 s.sso.000.00
.MS RB 30/ 360 SEMI 4/ 3

Colfpon	Principal	Co11po11	lnlerest		Cred. bnh./		Periodic	Preseitl Vallie		Discounted Pen'od	Date	P([Y,netil		Rate	P'9""t11I	Sinking Fu11d Adj	Debt SeT11ice		Factor	Dtbt Service

05/01/2.oQS	182,506,64	182,506.64	0.9930357	18:1,235.61
2	11/01/2005	547,520.00	547,520.00	0.9650469	J28,382.47
3	05/01/2006	547,520.00	547,520.00	0.93.78469	513,489:95
4	U/0 1./2 006	547,520.00	547,520.00	0.9114116	499,017.18
5	05/01/2007	240,000.00	5.800	547,520.00	787,520.00	0.8857253	697,526,4i
6	11/01/2007	540;560.00	540,560.00	0.8607611	465,293.00
7	05/01/2008	255,000.00	5.800	540,560.00	795,560 .00	0.8365004	665,486.27
8	11/01/2008	533,165.00	533,165.00 .	0.8129236	433,422.39
9	05/01/2009	270,000.00	5.800	533,165 .00	803,165.00	0.1900112	634,509.36
10	11/0112009	525,335.00	525,335.00	0.7677447	403,323.14
11	05/01/2010	285,000.00	5.8()0	525,335.00	810,335.00	0 7461057	604,595.55
12	11/0112010	517,070 .00	5:17,070.00	0,72?0766	374;915.37
13	05/01/2011	305,000.00	5.800	517,070.00	822,070.00	0.7046403	579,263.61
14	ll/Ol/20U	508,225.00	508,225.00	0.684.7799	348,022 .26.
LS	05/01/2012	320,000.00	5.800	508,225.00	828,22S,OO	0.6654793	551,166.59
16	11/01/2012	498,945.00	498,945 00	0.6467227	322,679.05
17	_05/01, /20 13	340,000.00	5.800	498,945.00	838;9.45 .00	0 .6284 947	527,272.51
18	ll/01/2013	489,085.00	489,085.00	0.6[07805	298,723.60
19	05/01/2014	360,000.00	5.800	489,085.00	849,085.00	0.5935656	503,987.67
20	l l/01/2014	478,645.00	478,645.00	0.5768359	276,099,62
21	05/01/2015	380,000.00	5.800	478,645.00	858;645.00	0.5605777	481,337.26.
22	11/01/2015	467,625.00	467,625.00	0.5447778	254,75l.71
23	05/01/2016	405,000.00	5.800	467,625.00	872,625,00	0.5294232	461,987.88
24	11/01/2016	455,880.00	455,880 00	0.51450 13	234,550.86
25	05/01/2017	430,000.00	5.800	455,880.00	885,880.00	0.5000000	442,940:03
26	I l/Ol/2()l7	443,410.00	443,410.00	0.4859075	215;456.23
27	05/01/2018	455,000.00	5.800	443,410.00	898,410.00	0.4722121	424,240.09
28	ll/01/2018	430,215.00	430,215.00	0.4589028	197,426.85
29	05/0J-/2019	480,000 .00	5.800	430,215.00	910,215.00	0.4459685	405,92726
30	11/01/2019	41.6,295.00	416,295.00	OA333989	180,421:78
31	05/0.1/2020	510,000.00	5.800	416,295.00	926,295;00	0.42i 1835	390J4Q_.15
3'2	11/01/2020	401,505.00	401,505.00	0.4093124	r64,34, 096
33	05/01/2021	540,000.00	5..800	401,505.00	941,505.00	0:3977759	374,507.96
34	11/01/2021	385,8-15.00	3S5,845.0o·	0.386564)	149,153.98
35	05/01/2022	575,000.00	5.800	385,845.00	960,845 00	0.3756691	360,959.81
36	l l/Ol/2022	369,17 0.00	369J70.00	0.3650809	134,776.90
37	05/01/2023	605,000.00	5.800	369,170.00	974,170:00	0.)547910	345,626.76
38	11101/2023	351,625.00	351,625.00	0.3447912	121,237.20
39	OS/01/2024	645,000.00	5.800	351,625.00	996,625.00	0.3350732	:m.942:34
40	11/01/2024	332,920.00	332,920.00	0.3256291	108,40&:45
41	05/01/2025	680,000.00	5,800	332,920,00	1,012,920.00	().3164512	;¼20,5)9.79

REUNION,2005°A I FY. 11 Mun-EaseElevateMalnDb I 16.95fEDB I 07/24/2019I13:24 I Rpt01h
Grau & Associates	
Grau & Associates CPAs	Page	1
Reunion East CDD	Dated:	03/01/2005							
Special Assessment Bonds	Delivered:	03/1.7/2005							
A.Y.L. Verification Report									
I 8,880,000.00	MSRB 30/360 SEMI 4/ 3								
	Co11po11	P1i11dpal	Coupo11	Interest	l.red. Enh./	Periodic	Present Val11e	Disco11nted	
Period	Dale	Pqy11mit	Hate	Pi!Jnmzt	Sinking F1111d. lr.§	DebtSu111ue	Factor	Debt Service	
42	11/01/2025			313,200.00		313,200.00	0.3075320	96,319.03	
43	05/01/2026	720,000.00	5.800	313,200.00		1,033,200.00	0.2988642	308,786.50	
44	11/01/2026			292,320.00		292,320.00	0.2904407	84,901.62	
45	05/01/2027	765,000.00	5.800	292,320.00		1,057,320.00	0.2822546	298,433.41	
46	11/01/2027			270,135.00		270,135.00	0.2742992	74,097.82	
47	05/01/2028	810,000.00	5.800	270,135.00		1,080,135.00	0.2665681	287,929.48	
48	11/01/2028			246,645.00		246,645.00	0.2590548	63,894.57	
49	05/01/2029	860,000.00	5.800	246,645.00		1,106,645.00	0.2517533	278,601.55	
50	11/01/2029			221,705.00		221,705.00	0.2446576	54,241.82	
SI	05/01/2030	910,000.00	5 800	221,705.00		1,131.705.00	0'2377619	269,076.35	
52	11/01/2030			195,315.00		195,31.5,00	0,2310606	45,.129.60	
53	05/01/2031	965,000.00	5.800	195,315.00		1,160,315.00	0.2245481	260,546.53	
54	11/01/2031			167,330.00		167,330.00	0.2182192	36,514.62	
55	05/01/2032	1,025,000.00	5.800	167,330.00		1,192,330.00	0.2120687	252,855.82	
56	11/01/2032			137,605.00		137,605.00	0 2060915	28,359.22	
57	05/01/2033	1,085,000.00	5.800	137,605.00		1,222,605.00	0.2002828	244,866.71	
58	11/01/2033			106,140.00		106,140.00	0.1946378	20,658.8$	
59	05/01/2034	l, 150,000.00	5.800	106,140.00		1,256,1.40.00	0.1891519	237,601.25	
60	11/01/2034			72,790.00		72,790.00	0.1838206	13,380.30	
61	05/01/2035	1,220,000.00	5.800	72,790.00		1,292,790.00	0.1786396	230,943.51	
62	ll/Ol/2035			37,410.00		37,410.00	0.1736046	6,494.55	
63	05/0l/2036	1,290,000.00	5.800	37,410.00		1,327,410.00	0.1687116	223,949.43	
		18,880,000.00		22,784,816.64	o.oo	41,664,816.64		18,928,668.40	
True Interest Cost (TIC). . . . . . .	5.9651604	Face va/11e ofbond lss11e. . . . . . . • . . . . . . .	$18,880,000.00						
Net /11/eresl Cos/ (NIC). . . . . . . . . . . . . . . . . . .	5.8884835	Accn1ed interest( ) ......,......... . . .	$48,$68.4$						
Arbitrage Yield Limit (AYL) . . . . . , . , .......	5.8005102	Original issue premium/discount ( " j. . . . . .	$0.00						
Arbitrage Ne1 l11teres1 Cost (AN/q. . . . . . . .	5.8000000	Bonds11retyfee (•). . . . . . . . . . . . .	$0,00
Lllmp-sum credit e11hancements (-). . .. , ..	$0.00
Other AYL costs (·) . . . . . . . . . . . . . . . . . . . .
AYL Target. . . . . . •	: .	$18,928,668.45

REUNION-2005-A I FY: 1 I Mun.EaseElevateMainDb I 16.95f EDB I 07/2412019 I 13:24 IRpt01h
Grau & Associates	
Grau & Associates CPAs	Page	2

Reunion East CDD	I
MS .RD· JOI J60 SbiWI .J./ 3
Special Assessment Bonds
T.I.C. Verification Reoort (Regular)	Dat,d:	VI I xm
1 8,880 ,000.00	D, lim ed:	J/17/iOOJ

Period	Co11po11 Date	Pn',;ripal
Pqj·meut	C o11po11 Rate	lntn'est Pqyme11t	Credit
E11hancemenls	Peli dic Debt Seroicu	Pmef{t Val11e Factor	Di.rCJJunled
Del!t Se,:i,ice	
I	5/1/2005			182,506.64		182,506.64	0.9928416	181,200.19	
2	u 1112oos			547,520.00		547,520.00	0.9640869	527;856.88	
3	5/1/2006			547,520.00		547,520.00	0.9361651	512,569..10	
4	ll/l/2006			547,520.00		547,520.00	0,9090519	497,124.08	
5	5/1/2007	240,000.00	5.800	547,520.00		787,520.00	0.8827239	695,162.74	
6	l 1/l/2007			540,560.00		540,560.00	0.8571S 85	463 ,345 59	
7	S/1/2008	255,000.00	5.800	540,560.00		795,560;00	0.8323335	662,17L2I	
8	11/1/2008			533. 165: 00		533,165.00	0.8082274	430,918.58 '	
9	5/1/2009	270,000.00	5.800	533,165 .00		!!OJ,16sc<io	0:7848196	; 30,339.60	
10	11/1/2009			525,335,00		525,335.00	0.7620896	400,352.35	
II	5/1/2010	285,000.00	5.800	525,335.00		810,33S:OO	0.7400180	599,662.48	
12	11/1/2010			51 7,070.00		s i1;010.oo	0.7185856	371,559.06	
13	5/1/2011	305,000.00	5.800	517,070.00		822.070.00	0.6977739	sn,61q_o2	
14	ll/l/20ll			508,225.00		508,225.00	0.6775650	344,355.48	
15	5/1/2012	320,000.00	5.800	508,225.00		828,225.00	0.6579414	544,923.51	
[6	11/1/2012			498,945.00		498,945.00	0.6388861	318.769.02	
17	5/1/2013	340,000.00	5.800	498,945.00		838,945.00	0.6203827	520,466.95	
18	11/1/2013			489,085.00		489,085.00	0.6024152	294,632:22	
19	5/1/2014	360,000.00	5.800	489,085.00		849,085.00	0.5849680	496,687.58	
20	11/1/2014			478,645.00		478,645.00	0 5680262	271.,882.90	
21	5/1/2015	380,000.00	5.800	478,645.00		858,645,00	O:S5l 5750	473,607.14	
22	11/1/2015			467,625.00		467,625 .00	Q,5356 003'	250,460.10	
23	5/112016	405,000.00	5.800	467,625.00		872,625.00	0.5200883	453,842.02	
24	l l/l/i0[6			455,880.00		455,880.00	O. S050255	230,231.01	
25	5/l/2017	430,000,00	5.800	455,880.00		885,880.00	0.4903989	434,434.61	
26	11/1/2017			443,41 0.00		443,410.00	0.4761960	2ll,150,07	
27	5/1/2018	455,000.00	5.800	443,410.00		898,410.00	0.4624044	415,428.76	
28	ll/l/2018			430,215.00		430,215.00	0.4490123	193,171.82	
29	5/112019	480,000.00	5.800	430,215,00		910,215.00	0.4360080	396,861.01	
30	llll/2019			416,295.00		416,295.00	0.4233803	176;251.JI	
31	5/11202.0	510 ,000.00	5.800	41, 6 WS.OO		9 26,295.00	0.4ll 1184	380,816:91	
32	ll/1/2020			401,505.00		401,505,00	0.3992116	160,285.45	
33	Sll/2021	540,000.00	5.800	401,505.00		941,505.00	0.3876496	364,974.0.6	
34	Ji i}/2021			385 ,845.00		385,845.00	0.3.764225	145,240 .15	
35	5/1/2022	575,000.00	5.800	385,845.00		960,845.00	0.3655206	351,208.62	
36	1 lll/2022			369,170.00		369,170.00	0.3549344,	1Jl,Q31.12	
37	5/1/2023	605,000.00	5,8 00	369,170.00		974,170,00	0.3446548	335,752.34	
38	ll /L/2.023			351,625.00		351,625.00	0.3346729.	117,679,) 5'	
39	5/1/2024	645.000.00	5.800	351,625.00		996,625.00	0.3249801	323,883.28	
40	11/1/2024			332,920.00		332,92.0.0 0	03155680	10 5,058.91	
41	5/112025	680,000.00	5.800	332,920.00		1, 012,920.00	0.3064285	'.ll 0, 387,6.0,	
REUNION°2Ciei5'-A I FY: 11Mun EaseElevateMainDb J 16 .95f EDS I07/24/2019 I 13:25 I Rpt01a
Grau & Associates	Page	1
Grau & Associates CPAs
Reunion East CDD	2
MfRB  {QIJ(;O Sl-:.MIJ/J
Special Assessment Bonds
T.I.C. Verification Reoort (Regular)	Dated:	J/ 1 /2 /J(J>
I. 8,880,000.00	DtlimwJ:	3/17/?00i

Period	Coupon
Dt1te	Pri11dpal Pqymmt	Co11po11
&1/e	lntemt
Pqynm1t	Credit
E11hancemenls	Penodk
Debt Service	Preseni Value
Fae/or	Di[rounted
Debt Seniite	
42	11/1/2025			313,200 00		313,200:00	0.2975538	93,19 3.84	
43	S/1/2026	720,000.00	5.800	J13.200.00		1,033,200 .00	0.2889360	298,S,28 69	
44	U/1/2026			292,320.00		292,320 .00	0.2805679	82,015.60	
45	5/1/2027	765,000.00	S.800	292,320.00		1,057,320.00	0.2724421	288;058.43	
46	11/1/2027			270,135.00		270,.135.00	o.i645516	71,464.64	
47	51112028	8 10,000.00	5.800	270,135.00		1,080,i35.00	0;2568897	277;475.50	
48	ll/1/2028			246,645.00		246,645.00	0.2494496	61,525.50	
49	51112029	86 0,000 00	5.800	246,645.00		1,106,645.00	0.2422251	268,0S.7.iS	
so	1111/2029			221,705.00		221,705.00	0.2352097	52,147.18	
SI	5/1/2030	910,000.00	5.800	221,705.00		1,131,705.00	0.2283976	258,478.70	
52	11/1/2030			195,31 5.00		195,315.00	0.2217828	43,J:17.50	
53	511/2031	965, 000.00	5.800	195,3 1 5.00		1,160,315.00	0.21S3 595	249,884.84	
54	11/1/2031			167,330.00		167,330.00	0.2091222	34,992.42	
55	511/2032	1,025 ,000.00	5.800	167,330.00		1,192,330.00	0.2030656	24•2 .121.26	
56	11/1/2032			137,605.00		137,605.00	0.1971845	27,133.57	
57	5/I/2033	1,085,()00.00	5.800	137,605.00		1;222,605.00	0.1914736	234,096.59	
58	11/112033			106,140.00		106,140 .00	0.1859282	19,734.41	
59	5/1/2034	I, 150,000.00	5.800	106,140.00		1,256,140.00	0:1805433	226,787.66	
60	11/1/2034			72,790 00		72,790.00	0.1753144	12,761.14	
61	5/112035	1 ,2 20,000.00	5.800	72,790,00		1,292,790.00	O. l 702HO	220,080. 4	
62	11/1/2035			37,4 10.00		37,410.00	0.1653-066	6;184. 12	
63	5/112036	1,290,000.00	5.800	37,410.00		1,327,410 :0 0	0.1605189	213,0.74.46	
		I8,880,000.00		12,784,816.64	0.00	41,664,816.-64		18,581,068 ;•,IJ	
True Interest Cost (r!C)	•.		5.9651604	Face vcilue of bond Issue.	a •• • • • • • • • • • •	$18,BBo,Qoo;Qo					
Net /111eres1Cos_t (N!C). . . . . . . . .	..........	5.8884835	,tccrued interest( ) . . . . . , .............	$48;668.45					
Arbitrage Yield limir (AYL) . . . . . . . . . . . . . . . . . .	5.8005102	Original issue preml11m/discount (·j . ., .
..	$0.00
Arbitrage :'Vet Interest Cosr(ANIC) . . . . . . . . . . . .	5.8000000		Undenvriter discount( ) . . . . . . . .  ······	($347,600.00)
Lump-sum creditenhanceinents (·)  ...  . .	$0.00
Other TIC costs l-) . . . . . . . . . ... . . . . . . . . .
Bond  surety fee r  ...................,	"4/A
= TIC Target ..: : . . . . . . . . . . , ..	$1.8,581 ,9 8'45

.REUNION-2005A I   FY: 1 I Mun-EaseElevateMaiilDb I 16.95f EDS I 07/24/201911 3:25·1Rpt01a
Grau & Associates	Page	2
Grau & Associates CPAs

Reunion East CDD	Dated:	03/01/2005
Special Assessment Bonds	Delivered:	03/17/2005
Unspent Proceeds Report
$ 1 8,880,00 0.00

Cak
Date	C,p
ID	
Pu,p	Fund
JD	
Dm:riptio11	Gross
A m olf111'	Pool
Perrenfage	:v onpu,pose
J'iwestn,enf	Pmpose
Expenditunr	UiUjJ.tnl
Pro"etb	
03/1712005	-I	N	COi	!leg. Arbitrage{l ross Proceeds		I00.0000000			18,928,668.44	
Olil7n00S	0	y		Construction	127,940.00	100.0000000		127,94;000	18,800,728.44	
03/1712005	0	y		Underwriter's Discount	347,600.00	100.0000000		347,600.QO	[ 8;453,128.44	
03/28/2005	
0	y		
Construct.ion	1, 020,593.00	I00.0000000		1,020,593.0Q	I7,432;SS'.44	
03/29/2005	0	y		Construction	7,664.00	100.00000()0		1 ,664:oo	11,4 24;871.44	
04/11/2005	0	y		Construction	4,020.00	1000000000		4,020 00	17,420;851.44	
04/131200S	0	y		Constmc1ion	7,191.00	l00.0000000		7,191 00	n.413;660.44	
04/19/2005	0	y		Construction	1,335,340.00	I 00.0000000		1,335,340.00	1'6,078,310.44	
04/2612005	0	y		Construction	4,789.00	l 00.0000000		4,789.00	1.6, 073,531.44	

05/0212005	0	y.		Interest	182,507,00	100.0000000		1.82,507.00	I S,89 r,024'44	
OS/0212005	0	y		Construction	1,054;00	l00.0000000		l,OSit OO	15,889,970'44	

OS/18/2005	0	y		Construction	350,478.00	100.0000000		350,478.00	
IS,S39,492.44	
06/01/2005	
0	y		C.,nsiruction	76.00	100.0000000		76,00	15,539,416.44	

06/16/2005	
0	y		Construction	216,921.00	l00.0000000		
216,921.00	I5,322,495.44	

07/01/2005	0	y		Construction	1.00	100.0000000		1.00	1.5, 322,494. 44	

0710812005	0	y		ConstIUclion	592.168 00	100.0000000		592,168.00	14,730.,326:44	
08/0112005	0	y		Construction	15.00	l00.0000000		15.00	14,730,311.44	

08118/2005	
0	y		Construction	2,.162,379.00	100:0000000		2,162,379.00	
12,5.67,932.44	
09/01/2005	0	y		Construction	193.00	I00:0000000		193.00	12,567,73,9.44	
10/01./2005	0	y		Construction	31.00	I00.0000000		31,0Q	l2,56i;708.44	

10/03/2005	
0	y		
Consln.lction	23.00	l00.0000000		
23.00	12,561,685.44	

JO/I1/2005	
0	y		
Construction	
870,865.00	100.0000000		
870,865.0(l	11; 96;$2q:44	
JOJ20i200S	0	y		
Construct100	975,717 .00	100.0000000		975,717 .0 0	I0,721,103:44	

11/011200S	0	y		Interest	547,520.00	100.0000000		S41,520.od	Hi, i73;58}.44	
11' 1712005	0	y		
Constrnction	843,656.00	100.0000000		843,656.00	
9,329,9i 1.44	

11/22/2005	0	y		Construction	2,150:00	100.0000000		2,1.s(>:oo	9,327,777 44	

REUNION°2005-A I FY. 1 I Mun-EaseElevateMainDb I 16.95f EDB I 07/24/2019 j 13:21 I Rpt11
Grau & Associates 
Grau & Associates CPAs	Page	1

Reunion  East COD	Doted:	03·1011·2ons.
Special Assessment Bonds	Delivered:	03/17/2.0 05
Unspent Proceeds Report
$ I S,880,000.00

Cale	Grp	Fund	Gross	Pool	Nonp11,pose	P11,pos1	[J,1;peni	
Dille	ID	PH,P	ID	Dm ription.	A 111011111	Ptrm1tage	l111i11/illt1!l	Expmdit11m	Procmlr	
l 2i0112005	0 y		Construction·	35.00	100.0000000		35.00	9,327,742.:44	
12,13/2005	0 y		Cimstruction	822,395 .00	I00.0000000		822,395.00	8;505,347.44	
12/14/2005	0 y		Construction	-40,491.ilO	100.0000000		-40,491.00	8,545,838'44	
Ol i JQ /2006	0 y		Cuostruction	-12,863.00	I00.0000000		-12;86M0	8,558;701.44	
01111/2006	0 y		Construction	-15,57700	100.0000000		-15,577..00	8,574,278.44	
0111712006	0 y		Construction	935,136.00	100.0000000		
935,136.00	
7,639,142.44	

0211312006	0 y		Construction	191,021.00	I 00.0000000		
191, 1)21 :00	
7,'148,I 2l 44	
03/10/2006	0 y		Construction	153;349.00	100.0000000		153,349;00	7,294,n2.44	

04/1212006	0 y		Construction	-240,678.00	100.0000000		
-240,678.00	
7,535,450.44	
04il212006	0 y		Conslruction	526.00	I 00.0000000		Si6.00	7,534,924:44	
05/0102006	0 y		Interest	547,520.00	I 00.0000000		547,520.00	
t;,937.404.44	
OS , IS/2006	0 y		Construction	350,00	JOO.0000000		350.00	6,987,054A4	
05il612006	0 y		Construction	1,077,588.00	I00.00000.00		1,077,588.00	$,909,466 44	
05/2512006	0 y		Construction	-1,077,588.00	100.0000.000		-I ,OP,588.00	6;9!17,054 44	
05/2612006	0 y		Constniction	476,SSS.OO	I 00.0000000		476,555.00	.6,SI.0,499A4	
06115/2006	0 y		Constniction	237,718.00	100.0000000		237.718,00	6,272,781.44	
07/21, 2006	0 y		Construction	651,2 43.00	100.0000000		
651,243.00	.s,621,538 44	

08/0312006	0 y		Conslnlction	139,711.00	I 00.0000000		
l39,7U..OO	
5,4 8J,827.44	
08/1512006	0 y		Construction	168,403.00	100.0000000		168,40tOO	S,313,424.44	
09/01, 20()(>	0 y		Reserve	I 6(i.00	l00.0000000		166.00	5.313,2 8.44	
09119i2006	0 y		Construction	373,218.00	100.0000000		373.,21&.00	
, 4 '140,040.44	
10/02;2006	0 y		Construction	-103,816.00	100.0000000		
·103,816.00	
s,043 ,856A4	

I1.01/2006	0 y		Interest	541.S20.00	100.0000000		
547,520 00	
4;496,336.44	
ll , 14/2006	0 y		Construction	28?,270.00	100.0000000		287,270.00	4;209;066.44	
)JIIS/2006	0 y		Construction	54,917.UO	100.0000000		54,917.00	4,154,149.4'4	

12/20i200b	0 y		(:onstruction	293,481.00	100.0000000		
293,481.00	3,860,668,44	

OJ!IOl2001	0 y		Con.struction	90.00	100.0000000		
90.00	
3,860;578.44	

REUNION-200s;.A I  FY: 1  JMun-EaseElevateMainDbl 16.951EDB I 07/24120191 13:21 I Rpl11
Grau & Associates 
Grau & Associates CPAs	Page	2

Reunion East COD	Dated:	03/01/2005
Special Assessment Bonds	Delivered:	03/17/2005
Unspent Proceeds Report
$ I 8,880,000.00

Colt
Dale	G,p
lD	
PHJP	Fm1d
ID	
Desmptio11	Gross
Amo11nl	Pool
Pen:eniage	Nonpn,port
bitmfn!e,ii	PutpMe
Expm4i.i11m	Unrpmt Prott«fs	

01116/2007	

0	
y		
Construction	

46,185.00	

100.0000000		
46,185.00	
3,814,3?3.44	

02/14/2007	
0	y		Construction	
-7,07100	
I00.0000000		
•7,071 00	
3,821,464;44	
Oi/14/2007	0	y		Construction	740.00	100.0000000		740.00	3;820,724'44	

03/0S/2007	
0	
y		
Construction	
-192.0Q	
100.0000000		
-192.00	3;820,916◄.  4	
03/08/2007	0	y		Construction	7,071.00	100.0000000		7,071.00	3,813,845.44	

03114/2007	
0	y		Constmction	
-100.00	
100.0000000		-100,00	3;813,945,44	

03/19/2007	
0	y		Construction	
-9,051.00	
100.0000000		
-9,0SLOO	
3,822;996.44	

OS/0112007	
0	y		Interest	
1,540.00	
I 00.0000000		
1,54000	
3,82l,4'S6.44	

06/19/2007	
0	y		- Construction	
31,640.00	
l00.0000000		
31,640 00	3;789,8'16.44	

07/)712007	
0	y		Construction	
8,917 .00	
100.0000000		8,917.00	3,780;899:44	

08/14/2007	0	y		Constrnction	
86,091.00	
I00.0000000		
86,091 00	
3,694,808 44	

09/19/2007	
0	y		Construction	
27,383.00	
100 0000000		27,38l00	
3,667,42S44	

10/1912007	
0	y		Construction	
17,662.00	
100.0000000		
17,662 00	
3.,649;763.44	

10/30li007	
0	y		
Interest	
-540,554.00	
100.0000000		-540,554.00	
4,190)17 44	
U/01/2007	(i	y		Interest	540;560.00	I 00.0000000		540,560.00	3,649,757 44	

11/13,2007	
0	y		Construction	
2,182.00	
100.0000000		2,182:00	;l,64.7,575.44	

12/)4,2007	
0	y		Construcuon	
579.00	
100.000000()		579.00	3,646,996.44	

01/1412008	
0	y		
Construclion	
2',967.00	
100.0000000		
27,967.00	
3,619,029.44	

1)2120/2008	
0	y		Construction	
184,362.00	
100.0000000		184,362.00	
3,434,66.7.44	

03117/2008	
0	y		
Construction	
30,833.QO	
100.0009000		
30, 300	
3,403,834A4	

041J412008	
0	y		Construction	
50,902.00	
I00.Q000.000		
50,902.00	
J,3s2.•m44	

04/30,20()8	
0	y		Interest	
-540,414.00	
100.0.000000		
-540,414.00	
3,893;346.44	
OS/Ol/2008	0	y		Interest	540,560.00	I 00.0000000		540,560.00.	3;352,786.44	

05 /1512008	
0	y		Construction	
22,746.00	
100.0000000		
22,746,00	
3,330,0.40.44	
OS/77/2008	
0	y		Construcuon	
11,1 00.00	
100.0000000		
11,100.00	
3,318,940.44	

REUNION;200S-A I F,Y 1 I Mun-EaseElevateMalnDb j 16.951 EDB I 07/24/2019 I13:21 I Rpl11
Grau & Associates 
Grau & Associates CPAs	Page	3

Reunion East CDD	Dated:	03/01/2005
Special Assessment Bonds	Delivered:	o:m712oos
Unspent Proceeds Report
$ I 8,$$0,000.00

C,tt/i
Date	Gip
JD	
P11,p	F,w/
ID	
Dtscrip1io11	GrosJ Amo11111	Pool Perrenlap,e	Nonp11,po1e ln1ttJ/nJ nl	P111po1e
E;xpendilum	U11ipei1i Proceeds	
06/06,2008	0	y		Construction	-7,315.00	I00.0000000		-7,31500	3,326,2SSA4	
06i26/2008	0	y		
Const.ruction	3,544.00	100.0000000		3,544,00	
, 3 322)11.-'4	

07/l li2008	0	y		Construction	41,830.00	100.0000000		41,BJ o:oo	3,280,881.44	
08/15/2008	0	y		
Construction	14,692.00	100:0000000		14,692.00	
3,266,189.44	
09/09/2008	0	y		Construction	10,252.00	Hl0.0000000		10,252.00	,3,2ss,937.44	
10,101200&	0	y		Construction	8,298.00	I00,0000000		
8,298.00	
3,247,6)9.44	
10/31,2008	0	y		Interest	-533,125.00	100.0000000		-533,12MO	3,780,71/4.44	
I1,"0 3/2008	
0	y		Interest	533,165.00	I00,0000000		533;16S.00	
3,247,59'>.44	

11 , 1-1/2008	
0	y		Construction	1,601.00	I00.0000000		1,601.00	
3,245,998.44	

1 2/08/2008	
0	y		
Constmction	2,006.00	
I00.0000000		
2,006 Q0	
3,243,992 44	
03/1212009	0	y		
Construction	984.00	I 00.0000000		984.00	3,24J,Q98.44	
04i l512009	0	y		Construction	2,087.00	1000000000		2,087 00	3,240,921.44	
05101.2009	0	y		Interest	-533,0SS.OO	100.0000000		-533,055.00	3:773.;976.44	
()s,01;2009	0	y		Interest	533,165.00	I 00.0000000		533,165.00	3,240,ll,1l-. 44	
05112, 2009	0	y		Construction	2,491.00	100.0000000		2,491.00	3,238,320.44	

06/1212009	
0	y		
Construe lion	635.00	100.0000000		
63500	3,237,68S 44	
07101/2009	
0	y		Construction	341.00	100.0000000		34LOO	3,237)44.44	

08il8'2009	
0	y		
Construction	753.00	I 00.0000000		753;00	
J,236,591. 4	
09/10/2009	0	y		Construciion	1.666.00	100.0000000		1,666.00	3,234,925.44	

10!0'(12009	
0	y		
Construction	848.00	100.0000000		
848:oo	
3;234;077 4	
I l/0212009	
0	y		Inte rest	-525,335.00	I 00.0000000		.-525,335,00	3,7S9;421.44.	
n 10, 2 2009	0	y		Interest	525,335.00	I 00.0000000		525,335 00	3,234,077..4 4	
i1/1812009	
0	y		
C.:onstructtqn	491 00	100.0000000		
491.00	
3,233,586,44	
1211 5/2009	
0	y		Construction	3.500.00	100.0000000		3,500.00	3,l30M6.44	
01!15,2010	0	y		<.:onstruction	385.00	I00.0000000		385.00.	3,229,701.44	

REUNIONc2Q05-A I FY 11 Mun-EaseElevaleMainDb I 16:95f EOBI 07/24i2019 J 13:21 I Rpl11
Grau & Associates 
Grau & Associates CPAs	Pag e	4

Reunion East COD	Dated:	03101/2005
Special Assessment Bonds	Delivered:	03/17/2005
Unspent Proceeds Report
$ I 8,880,000.00

Cak Dalt	G,p
ID	
Pu,p	FHnd
ID	
D1smptio11	Gross
A111on11/	Pool Pertmtiige	Nonpu,pos,
li111eslmmt	Pu, ,,
Expenditures	Utuj,ent
Pro(feds	

03il 7'2010	
0	
y		
Constrnciion	
341.00	
I 00.0000000		
34,1.00	
3,229;360.44	

0410112oro	
0	y		
Cons1ruction	2,399.00	100.0000000		
2,399.00	
3,226.961.44	

OS/14/2010	
0	y		
Constrnction	2,581.00	I 00.0000000		
2,Sltl.00	
3,224)$0.44	

OS/24/2010	
0	y		
Reserve	
473,916.00	
100.0000000		
473,916.00	
2.750;46M 4	

07123/20!0	0	y		Construction	3,081.00	100.0000000		
3,Q8L00	2,741,383.44	
07i30i20l0	
0	y		Conslruction	546 00	100.0000000		546.00	2.746;837.44	
09/17120!0	0	y		Conslruction	971.00	100.0000000		97.100	2,745,866.44	

10120/2010	0	y		
Reserve	6,048.00	l.00.0000000		6,048.00	2,739,818.44	

11103/2010	0	y		Construction	-6,750.00	100.0000000		-6,750.00	2,746,568.44	
11/03/20)0	0	y		Construction	13,500.00	I00.0000000		lJ,SOOJlO	2,733;06U 4	

11/15/20l 0.	0	y		
Reserve	3,75LOO	100.0000000		3,751.00	2,729,317 44	
11/19/2010	0	y		Construction	5,213.00	I 00.0000000		:S,213.00	2;724,104.44	
11122,1010	0	y		Conslruction	-10,895.00	100.0000000		-10,89S.OO	2,734,999.44	
ll/2312010	0	y		Construction	21,790..00	I 00.0000000		21.790.00	2,713,209.44	

02/09/2011	0	y		Cons1ruction	381.00	100.0000000		3_81.oo	2,71t828,44	

05/20/2011	
0	y		Conslruction	334.00	I00.0000000		334.00	2,712;494 44	

09/21/2011	
0	y		
Reserve	17,082.00	I00.0000000		l7;082.00	2,69S,4J2 44	

09126/2011	
0	y		Construction	1,138.00	I 00.0000000		1,138.00	
2,694,m44	
0Si21,1 012	0	y		
Reserve	7,500.00	100 0000000		7,500.00	2,686,77444	

12/1912012	0	y		
Reserve	5,856.00	I 00.0000000		5,SSM O	2,68Q,9lM4	
06118/2013	0	y		
Reseivc	S,000.00	100.0000000		S,OOQ.00	. 2,67J,9iM 4	

11/19/2013	0	y		
Reserve	9,736.00	JOO.0000000		9,736.00	2,666,182.44	

07/24/2014	'2015	y		Deferred cosls	32,131.00	100:0000000		32,131.00	2,634,051.44	

08/14/2014	
2015	y		
Re erve	2,289;00	100.0000000		
2,i 89.00	2,631,762.44	

10/1.412014	2015	y		Constrnclion	553,755.00	I00.00000.00		553;155.00	i,078,!)07.44	

R:EUNIOt,J-2005,-.A. I FY: 11Mun-EaseElevaleMainDb I 16.95f EDB I 07/2412019113:21 I Rpl11
Grau & Associates	
Grau & Associates CPAs	Page	5
Reunion East CDD Special Assessment Bonds Unspent Proceeds Report
$ I S,SS0,000.00
Dated: Delivered:
03/01/2005
03/17/2005

	Cale Date	Grp
ID	
Pu,p	Fttnd
lD	
Demiptio11	Gros.r
An1u1mt	Pool
Percentage	NimpH,pou
bwestmelil	P11,pose Hxpmdit11res	C:11spm1
Protttds	
	
10120/2014	
201S	
y		

Consrtuction	
-l.l6,030.00	
100.0000000		
-1%,030.00	
2,214,037.44	
	ll/1812014	2015	y		Deterred costs	145,613.00	100.0000000		145,613.00	2,068;424.44	
	ll/18/2014	2015	y		Construction	1,208,792.00	I 00.0000000		1,208.;792.00	SS'h§:32.44	
	11,26,'2014	2015	y		Reserve	203,251.00	100.0000000		203,251.00	
65/i,38144	
	12/05,2014	2015	y		Constmction	243,000.00	I 00.0000000		243,000.00	
413,381.44	
	Oli05/2015	2015	y		
Construction	-71,48LOO	100.0000000		-71,481.00	484;862.44	
	01112t'20l5	2015	y		Construction	-195,60S.00	100.0000000		-195,605..00	680,467.4.4	
	05il8/20I 5	2016	y		Reserve	22,642.00	l 00.0000000		22,642.00	657,82544	
	05/2912015	2016	y		Deferred costs	1.00	I 00.0000000		I 00	657,824.44	
	0512912015	2016	y		Constrnct.ion	1,239,383.00	100.0000000		1,239,383.00	-581,55f!.56	
	0512912015	2016	y		Reserve	512,383.00	100.0000000		512,383.00	-1,093,941.56	
						20,022,610.00		0.00	20,022,610.00		

First Investment Date. .....,..,.......,.......	3/17/2005	
Calculation Date ......................;.....	2128/2019	
.-trbitrage Yield Limit (AYL)	•.	5.8005102	
Internal Rate of Return (IRR). . . . . . . . . . . . . . . . . .	2.3087103	

REUNION-2005-A I FY: 1 IMun-EaseElevateMainDb 116.95! EDB I 07124/2019113:21 !Rpt11
Grau & Associates 
Grau & Associates CPAs	Page	6

Reunion East CDD	Voted:	03/01/2005
Special Assessment Bonds	Delivered:	03/17/2005
I.R.R. Report Via Purpose Expenditures
S 1 8,880,000.00

Grp
ID	Trans
Date	hmd
IV	
Demiptio11	Df9! Cou11t
Fae/or	Calmlatio11 Amt
(Interest Eamings)	Pool
Pctg	n fotemal
PVFactqr	/,vile of Reti(n, ff
PVAmt	
.]	03/17/2005		Beg. Arbitrage Gross Proceed·s	0.0 000.000	( I8;928,668.44)	100.000	1.0000000	(18,928,668.44)	
0	03/17/2005		Construction	0:0000000	127,940.00	100.000	J.0000000	127,\),40. 00	
	03/17/2005		Underwriter's Discount	0.0000000	347,600.00	100.000	1.0000000	347,600.00	
	03/28/2005		Construction	0.0611111	1,02 0,593,00	100.000	0.9992.98.8	1,019,877.39	
	03/2,9/2005		Construction	0.0666667	7,664.00	100.000	0.9992351	7,658.14	
	04/ll/2005		Constmciion	0.1333333	4,020.00	100.000	0.9984708	4!013.85	
	04/13/2005		Construction	0.1444444	7,191.00	100.000	0.9983435	7,179.09	
	04/19/2005		Construction	0.1777778	1,335,340.00	100.000	0.997961 6	1,332;618:04	
	04/26/2005		Construction	0.2166667	4,789.00	100.000	0.9975162	4,777.11	
	05/02/2005		Interest	0.2500000	182,507 00	100.000	0.9971347	181,984.06	
	05/02/2005		Construction	0.2500000	1,054.00	100.000	0.9971347	"),050.98	
	05/llt/2005		Construction	0.3388889	350;478.00	100:000	0,9961179	349,117.40	
	06/01/2005		Construction	0.411111)	7.6. <iO	100.0QO	0.9952925	75.64	
	06/16/2005		Construction	0.4944444	216,921.00	I00.000	0.9943410	215,693.44	
	07/01/2005		Construction	0.5777778	1.00	100:000	0.9933904	0.99	
	07/08/2005		Construction	0.6166667	592,168 00	100.iJOO	0.9929471	587,991.47	
	0.8/0 I /2005		Construction	0.7444444	15.00	100,000	0.9914919	14.87	
	08/18/2005		Construction	0.8388889	2,162,379.00	100:000	0.9904177	2,14I,6S8.36	
	09/01/2005		Construction	0.91.lllU	193.00	100.000	0.9895970	190.99	
	10/01/2005		Construction	1.0777778	31.00	100.000	0.9877058	30.62	
	J0/0312005		Construction	1.0888889	23.00	100.000	0,9875798	22.71	
	10/11/2005		Consfruction	1.1.333333	870,865.00	100,000	0.9870761	859,610.07	
	10/20/2005		Construction	l.!833333	975,717.00	100 .000	0.9865098	962,554.42	
	ll/01/2005		Interest	1.2444444	547,520.00	100.000	0,9858181	539,7 55.14	
	11/17/2005		Construction	i.3333333	843,656.00	100.000	0.9848129	830,843.28	
	11/22/2005		Construction	l.36lll ll	2,150.00	100.000	0.9844989	2,116,67	
	[2/01/2005		Construction	1.4111111	35 00	100.000	0.9839341	34.44	
	12113/2005		Construelion	1.4777778	812,395.00	100:000	0.9831815	808,563.55	
	12/14/2005		Construction	1.4833333	(40,491.00)	100.000	0.9831188	(39,807.46)	
	01/10/2006		Construction	1.6277778	(12,863.00)	100.000	0.9814903	(12,624.91)	
	01/11/2006		Construction	1.6333333	(15,577 00)	100.000	0.9814277	(l S,287.70)	
	01/17/2006		Construction	1.6666667	935,136.00	100.000	0.9810523	917,417:29	
	02/13/2006		Construction	l.8111111	191,021.00	100.000	0.9794271	187,091.15	
	03/10/2006		Construction	1.9611 ll I	1S3;349 00	100.000	0:9717423	149,935.81	
	04/12/2006		Construction	2.1388889	(240,678.00)	100 000	0.9757493	(234,841,39)	
	04/12/2006		Construction	2.1388889	526.00	10.0.000	0.9757493	513.24	
	05/01/2006		Interest	2.2444444	547,520.00	100.000	0,9745679	53),595.39	
	05115/2006		Construction	2.3222222	350.00	100.000	0.9736982	340.79	
	05/16/2006		Constmction	2.3277778	1,0 77,588.00	100.000	0,9736362	1,049;!78.64	
	05/25/2006		Construction	2.3777778	(1,077,588.00)	10 0,000	0;9730776	(1,048,576.70)	
	05/26/2006		Construction	2.3833333	476,555.. 00	100.000	0,9730155	463,695:41	
	06/15/2006		Construction	2.4888889	237,718.00	100.000	0,9718374	231,023.24	
	07/2.1/2.006		Construction	2.6888889	651,243.00	100.000	0.9696090	631,45 l.10.	
	08/()3/2006		Construction	2.7555556	139,711.00	100.000	0.968i!6R	l 3$.3.6L43	
	08/15/2006		Construction	2.8222222	168,403,00	100;000	0.9681263	163.035.38	
	09/01/2006		Reserve	2.9111111	166.-0o	100,0110	<i.9671391	160.55	
	09/[9/2006		Construction	3;0111111	373,218.00	100.000	0.9660297	360,539.61	
	10/02/2006		Construction	3.0833333	(J03,8i 6 .00)	100.00.0	°'9652292	(100;206.24)	
	11/01/2006		Interest	3 2444444	547,520.00	100:000	0.9634460	527,50594	
	U/14/2006		Consln!ction	3.3166667	287,270.{JO	100:000	0.96264 77	276,539.80	
	H/.15/2006		Construction	3.3222222	54,917.00	10.0.000	0.9625863	52,862.35	
	12/20/2006		Construction	3.5166667	293.481.00	100:000	0.9604404	281,871.01	
	Ol/10/2007		Constrncdon	3.6277778	90.00	l00.000	0.9592163	86.33	

REUNION-2005-A I FY:.1 jMun-EaseElevateMainDbl 16.95f EDB I 07/24/2019 I 13;21 I R1>t09c
Grau & Associates	Page	1
Grau & Associates CPAs

Reunion East CDD	Dated:	03/01/2005
Special Assessment Bonds	Delivered:	03/17/2005
LR.R. Report Via Purpose Expenditures
$ I S,880,000.00

Grp	Trans
ID	Date	Fl/11d ID	

Description	Dqy Co1111t Fa.tor	Calc11/atirm Amt
(Intmst Earnings)	Pool
Pi:tg	** lntemal &1111
PVFactor	of&tum **
PVAmt	
0 01/16/2007		Constrnction	3.6611111	46,185.00	100.000	0.9588494	44,284.46	
02/14/2007		Constrnction	3.8166667	(7,071.00)	100.000	0.9571390	(6,767.93)	
02/14/2007		Construction	3.8166667	740.00	l00.000	0.9571390	708.28	
03/05/2007		Construction	3.9333333	(192.00)	JOO.ODO	0.9558582	(183.52)	
03/08/2007		Construction	3.9500000	7,071.00	100.000	0.9556753	6,757.58	
03/14/2007		Construction	3.9833333	(100.00)	100.000	0:9553098	(95.S3)	
03/19/2007		Constrnction	4.0IIUll	{9,051;00)	100.000	0.9550()52	(8,643.75)	
05/01/2007		Interest	4.2444444	1,540.00	100.000	0.95245!0	1,466.77	
06/19/2007		Construction	4.51 lllll	31,640.00	I00.000	0.9495403	30,043.45	
07117/2007		Construction	4.6666667	8,917.00	100.000	0 9478465	8,45.1.95	
08/14/2007		Construction	4.8166667	86,091.00	100.000	0.9462160	81.460.68	
09/19/2007		Construction	5.0ll I l ll	27,383;0()	100.000	0.9441066	25,852.47	
10/19/2007		Construction	5.1777778	17,662.00	100,000	0.9423023	16,642.94	
10/30/2007		Interest	5.2388889	(540,554.00)	100.000	0,9416416	(509,008.l 3}	
11/01/2007		Interest	5.2444444	540,560.00	100.000	0.9415816	508,981.32	
11/13/2007		Construction	5.31 I Ill I	2,182.00	I00.000	0.9408613	2,052,96	
12/14/2007		Construction	5.4833333	579.00	100.000	0.9390034	543.68	
01/14/2008		Construction	5.6500000	27,967.00	100.000	0.9372088	26,210.92	
02/20/2008		Construction	5.8500000	184,362.00	LOOWO	0.9350599	172,389.SI	
03/17/2008		Construction	6.0000000	30,833.00	100.000	0.9334514	28,781.ll	
04/14/2008		Construction	6.1500000	50,902.00	LOO.ODO	0.9:U8457	47,432.81	
04/30/2008		Interest	6.2388889	(540,414.00)	100.000	0.9308955	(503,068.95)	
05/01/2008		Interest	6.2444444	540,560.00	100.000	0.9308361	503,172.77	
05/1512008		Construction	6.3222222	22,746.00	100,000	0.9300055	21,153.91	
05/27/2008		Construction	6.3888889	ll,100.00	100.000	0.929294.2	10,:315.17	
06/06/2008		Construction	6.4388889	(7,315.00)	100.000	0.9287610	(6,793.89)	
06/26/2008		Construction	6.5500000	3,544.00	100.000	0.9275773	3,287.33	
07/11/2008		Construction	6.6333333	41,830.00	I00,000.	0.9266905	38,763.46	
08/15/2008		Construction	6.8222222	14,692,00	100;000	0.9246836	13,585.45	
09/09/2008		Construction	6.9555556	10,252.00	100.000	0.9232696	9,465.36	
10/10/2008		Construction	7.1277778	8,298.00.	100.000	0.9214464	7,646.16	
10/31/2008		Interest	7.2444444	(533,125.00)	100.000	0.9202133	(490,588.72)	
11/03/2008		Interest	7.2555556	533,165.00	100.000	0.9200960	490,562.96	
11/14/2008		Construction	7 3166667	1,601.00	100.000	0.9194S08	1,472.04	
12/08/2008		Construction	7.4500000	2,006.00	100.000	0,9180448	1,841,60	
03/12/2009		Construction	7.9722222	984.00	100.000	0,9125586	897.96	
04/15/2009		Construction	8.1555556	2,087.00	I00.000	0.9106403	1,900.51	
05/01/2009		Interest	8.2444444	533,165.00	100.000	0.9097ll7	485.026.46	
05/01/2009		Interest	8.2444444	(533,055.00)	100.000	0.9097117	(484,926.39)	
05/12/2009		Construction	8.3055556	2,491.00	100.000	0.9090739	2,264.50	
06/12/2009		Construction	8.4722222	635.00	100.000	0.9073365	576.16	
07/01/2009		Construction	8.5777778	341.00	100.000	0.9062379	309,0.3	
08118/2009		Construction	8.8388889	753.00	100.000	0:9035260	680.36	
09/L0/2009		Construction	8.9611111	1,666.00	l00.000	0.9022594	1,503.16	
10/07/2009		Construction	9.1111111	848.00	100.000	0.9007074	763.80	
11/0212009		Interest	9.2500000	525.335.00	100.000	0.8992727	472.419.40	
11/02/2009		Interest	9.2500000	(525,335.00)	100.000	0.8992727	(472,419.40)	
11/18/2009		Construction	9.3388889	491.00	I00,000	0 8983557	441.09	
12/15/2009		Construction	9.4888889	3,500.00	100.000	0,8968103	3,138.84	
01/15/2010		Construction	9.6555556	385.00	LOO.ODO	0.8950964	344.61	
03/17/2010		Construction	10.0000000	341.00	100.000	0.8915.647	304.02	
04/07/'i.010		Construction	IO. I I 11111	2,399.00	I00.000	0.8904284	2.136.14	
05/14/2010		Construction	10.3166667	2,581.00	I00.000	0.888.3301	2,292.78	

REUNION-2005-A I FY: 1 I Mun,EaseElevateMainDb116.951 EDB I 07124/2019 I 13:21 I Rp!09c
Grau & Associates	Page	2
Grau & Associates CPAs

Reunion East COD	Dated:	03/01/t00S
Special Assessment Bonds	Delivered:	03/17/2005
I.R. R. Report Via Purpose Expenditures
$ I 8,88 0,000.00

Grp	Trans
lD	Date	Fund
lD	
Du ,'liption	Dqy C ou11t
F,,ctor	Ca/.-u/ation A111t
(l11tere1tF.amings)	Pool
Pctg	** lntental
PV Fa,tor	Rateof R..it11r11 *. *
PVA111t	
0 05/24/2010		Rcserw	10.3722222	473.916.00	100.000	0.8877638	420,725.47	
07/23/2010		Construction	10 7000000	3,081.00	100.000	0.8844302	2,724.93	
07/30/2010		Cons1n1ction	1 0.7388889	546.00	100 .000	0.8840355	482. 68.	
09i.17/2010		Cons truction	11.0000000	971.00.	100.000	0.8813900	855.83	
10/20/2010		Reserve	I 1.1833333	6,048.00	100;000	0.8795373	5,319.44	
H /03/2010		Consiruction	11.2555556	13,500.00	100.000	0.8788085	11,863.92	
11/0 3 /2010		Const ruction	11.2555556	(6,750.00.)	100.000	0:8788085	(5,931.96)	
ll/1512010		Reserve	1l .32 22222	3,751.00	i00 .000	0.8781363	j,293.89	
ll/1912010		Construction	11.3444444	5,213.00	100.000	0.87,79124	4,576.56	
11/22/2010		Construction	I l.3611111	(10,895.00)	I 00.000	0.8777445	(9,563.03)	
11/23/2010		Cons1ruction	11..3/,66667	21., 790.00	100.000	0.8776885	19,124.83	
02/09/2011		Conslniction	11.7888889	381.00	I00.000	0.8734454	332,78	
05/20/2011		Construct .ion	12.3500000	334.00	100.000	0.8678382	i 89.86	
09/21/2011		Reserve	13.0222222	17,082.00	100.000	0.8611681	14,710 .47	
09/26/201 I		Construction	13.0500000	1,138.00	100.000	0,8608936	979.70	
05/21/2012		Reserve	14.355S556	7,500.00	100.000	0.8480894	6,360.67	
12119/2012		Reserve	15 .5111111	5,856,00	100.000	O.ln6 9154	4,900.98	
06/18/2013		Rescrv.e	16.5055556	5,000.00	100.000	0.8274171	4,137.09	
ll/19/2013		Reserve	17.3444444	9,736.00	100.000	0.8194886	7,978.54	
2015 07/24/201 4		Ocferred costs	18.7055556	32,131.00	100.000	0.8067856	25,92i .83	
08/14/2014		Reserve	18.8166667	2,289.00	100.000	.0.8057574	1,844.38	
I0/14/2014		Constru ction	19.1500000	553,755 00	100.000	0.8026805	444,488.34	
10/20/2014		Constru ction	19.1833333	(136 ,03 0.00)	1.00.000	0.8023735	(109,146.86)	
11/18/2014		Construction	19.3388889	1,208,79200	100.000	0.8009422	96s,1n..is	
I 1/18/2014		Deferred costs	19.3388889	145 ,613 .00	100.000	0.8009422	116,627.59	
U/26/2014		Reserve	19.3833333	203,251.00	100.000	0.8005337	162,709.27	
12/05/2014		Construction	19.4333333	243,000.00	100:000	0.8000744	194,418:08	
0.1/05/2015		Construction	19.6000000	(71,481.00)	100.000	0.7985454	(57,080 :82)	
01/12/2015		Construction	19.6388889	(195,605.00)	100.000	0.7981890	(156,129.76)	
2016 05/18/2015		Reserve	20.3388889	22,-042.00	100.000	0.7918017	17,927.97	
05/29/2015		Deterred costs	20.4000000	1.00	100.000	0.7912465	0.19	
05/29/2015		Reserve	20.4000000	512,383.00	100.000	0.7912465	405;421.27	
05/'29/ 2015		Construction	20.4000000	1,239,383.00	100.000	0.7912465	980;65'U.O	
99999 02(28/2019		Unspent Proceeds as of 02/28/2019	27.8944444	14.00	100:000	0 7260293	10.i6	
				1;093,955;56			0.01	

Arbitrage Yield Limit . . . . . .. . . . . . . . . .
lllfernul Rate of Retum •	•
5.8005102
2.308.7703
Calc11lation Standard . . . .• • , . . . •.
, . . .
MSRB 30/360 SEMI 4/3

REUNION-2005-A I  FY: 11 Mun-EaseEte vateMainDbI 16.95f ED.8 I 07/24/2019 I 13 :21 I Rpt09c
Grau & Associates	Page	3
Grau & Associates CPAs