Del Webb Bexley Community Development District

Board of Supervisors’ Meeting July 24, 2019

District Office:
5844 Old Pasco Road, Suite 100 Wesley Chapel, FL 33544
813-994-1001

www.delwebbbexleycdd.org

DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT

Rizzetta & Company, Inc., 5844 Old Pasco Road, Suite 100, Wesley Chapel, FL 33544

Board of Supervisors	Aaron Baker	Chairman	
	Jessica Robinson	Vice Chairman	
	Doug South	Assistant Secretary	
	Rick Stevens	Assistant Secretary	

District Manager	Brady Lefere

Jordan Lansford	Assistant Secretary

Rizzetta & Company, Inc.	
District Counsel	Alyssa Willson	Hopping Green & Sams, PA	
District Engineer	Jordan Schrader	Clearview Land Design	

All cellular phones must be placed on mute while in the meeting room.

The Audience Comment portion of the agenda is where individuals may make comments on matters that concern the District. Individuals are limited to a total of three
minutes to make comments during this time.

Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this meeting/hearing/workshop is asked to advise the District Office at least forty-eight (48) hours before the meeting/hearing/workshop by contacting the District Manager at (813) 933-5571. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1- 1, or 1-800-955-8771 (TTY)
1-800-955-8770 (Voice), who can aid you in contacting the District Office.

A person who decides to appeal any decision made at the meeting/hearing/workshop with respect to any matter considered at the meeting/hearing/workshop is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made including the testimony and evidence upon which the appeal is to be based.

DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT DISTRICT OFFICE  5844 OLD PACSCO ROAD  SUITE 100  WESLEY CHAPEL, FL 33544
WWW.DELWEBBBEXLEYCDD.ORG

July 16, 2019

Board of Supervisors Del Webb Bexley
Community Development District

AGENDA

Dear Board Members:

The regular meeting of the Board of Supervisors of the Del Webb Bexley Community Development District will be held on Wednesday, July 24, 2019 at 4:00 p.m. at The Bexley Club located at 16950 Vibrant Way, Land O’ Lakes, Fl 34638. The following is the tentative agenda for this meeting.

CALL TO ORDER/ROLL CALL
AUDIENCE COMMENTS
BUSINESS ADMINISTRATION
Consideration of the Minutes of the Board of Supervisors’ Meeting held June 26, 2019………………………………Tab 1
Consideration of Operation and Maintenance
Expenditures for June 2019………………………………Tab 2
Ratification of Series 2018 Requisitions - Under $100K – #11-12…………………………………………………….…Tab 3
Ratification of Series 2018 Requisitions - Over $100K – None
Ratification of Change Orders – None
BUSINESS ITEMS
Presentation of Aquatics Report……………………….…Tab 4
Public Hearing on Fiscal Year 2019/2020 Final Budget …Tab 5
Consideration of Resolution 2019-06, Adopting
Fiscal Year 2019/2020 Final Budget…………….Tab 6
Public Hearing on Fiscal Year 2019/2020 Special Assessments
Consideration of Resolution 2019-07, Imposing Special Assessments and Certifying an
Assessment Roll…………………………………..Tab 7
Consideration of Resolution 2019-08, Setting the Meeting Schedule for Fiscal Year 2019/2020………………………..Tab 8
Consideration of FY 2019/2020 Funding Agreement……Tab 9
Consideration of First Amendment to FY 2018/2019
Funding Agreement…………………………………………Tab 10
Consideration of FY 2019/2020 Deficit Funding Agreements………………………………………………….Tab 11

Del Webb Bexley Community Development District
July 16, 2019
Page 2

Consideration of First Amendment to FY 2018/2019
Budget Funding Agreement………………………………..Tab 12
Consideration of the FY 2018 Financial Audit……………Tab 13
Consideration of Disclosure of Public Financing……...Tab 14
Consideration of Resolution 2019-09 Ratifying Series
2018 Bonds……………………………………………….Tab 15
STAFF REPORTS
District Counsel
District Engineer
District Manager
SUPERVISOR REQUESTS
ADJOURNMENT

We look forward to seeing you at the meeting.	In the meantime, if you have any questions, please do not hesitate to call us at (813) 933-5571.

Sincerely, Jordan Lansford District Manager

Cc:	Aaron Baker, Chairman
Alyssa Willson, Hopping, Green & Sams, P.A.

Tab 1

DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT
May 22, 2019 - Minutes of Meeting
Page 1

1	MINUTES OF MEETING
2
Each person who decides to appeal any decision made by the Board with respect
to any matter  considered at the  meeting is  advised that the  person may need to
ensure that a verbatim record of the proceedings is made, including the
testimony and evidence upon which such appeal is to be based.
7
8	DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT
9
The regular meeting of the Board of Supervisors of Del Webb Bexley Community
Development District was held on Wednesday, June 26, 2019 at 2:11 p.m. at the office
of Rizzetta & Company, Inc., located at 5844 Old Pasco Road, Suite 100, Wesley
Chapel, FL 33544.
14
15	Present and constituting a quorum were:
16
Aaron Baker	Board Supervisor, Chairman
Jessica Robinson	Board Supervisor, Vice Chairman
Doug South	Board Supervisor, Assistant Secretary
Rick Stevens	Board Supervisor, Assistant Secretary
Brady Lefere	Board Supervisor, Assistant Secretary
22
23	Also present were:
24
Jordan Lansford	District Manager, Rizzetta & Company, Inc.
Alyssa Wilson	District Counsel, Hopping Green & Sams
Chris Fisher	District Engineer, Clearview Land Design
(via conference call)
Christy Gargaro	Administrative Asst., Rizzetta & Co., Inc.
30
31
32	FIRST ORDER OF BUSINESS	Call to Order
33
The meeting was called to order and roll call performed confirming that a quorum
was present.
36
37	SECOND ORDER OF BUSINESS	Audience Comments
38
39	There were no audience members present.
40
41
42
43
44

DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT
May 22, 2019 - Minutes of Meeting
Page 2
THIRD ORDER OF BUSINESS	Consideration  of  the  Minutes  of  the
Board of Supervisors’ Meeting held on
47	April 24, 2019
48
49	Ms. Lansford presented the minutes of the Board of Supervisors’ meeting held on
50	May 22, 2019.
51
On a Motion by Mr. Lefere, seconded by Mr. Baker, with all in favor, the Board of Supervisors approved the minutes of the Board of Supervisors’ meeting held on May 22, 2019 as presented for Del Webb Bexley Community Development District.
52
FOURTH ORDER OF BUSINESS	Consideration	of	Operation	and
Maintenance  Expenditures  for  March
55	2019
56
Ms. Lansford presented the Operation and Maintenance Expenditures for April and
May 2019. There were no questions.
59
On a Motion by Mr. Baker, seconded by Mr. Lefere, with all in favor, the Board of Supervisors ratified the Operation and Maintenance Expenditures for April 2019 ($0) and May 2019 ($12,796.78) for Del Webb Bexley Community Development District.
60
FIFTH ORDER OF BUSINESS	Ratification	of	Series	2018	Trust
Account Requisitions  –  Under $100K
– None
64
Ms. Lansford stated that there were no requisitions over $100K to present at this
time.
SIXTH ORDER OF BUSINESS	Ratification	of	Series	2018	Trust
Account Requisitions – Over $100K –
NONE
70
Ms. Lansford stated that there were no requisitions over $100K to present at this
time.
73
74	SEVENTH ORDER OF BUSINESS	Ratification of Change Orders - None
75
Ms. Lansford stated that there were no change orders to present to the Board at
this time.
78
79	EIGHTH ORDER OF BUSINESS	Presentation of Aquatics Report
80
81	Ms. Lansford presented the Aquatics Report dated June 2019.
82

DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT
May 22, 2019 - Minutes of Meeting
Page 3
NINTH ORDER OF BUSINESS	Presentation	of	Public	Facilities
Report
85
86	Ms. Lansford presented Public Facilities Report to the Board.
87
88
On a Motion by Mr. South, seconded by Mr. Stevens, with all in favor, the Board of Supervisors approved the Public Facilities Report for Del Webb Bexley Community Development District.
89
90	TENTH ORDER OF BUSINESS	Review	of Assessment Table
91
92	Ms. Lansford presented the Assessment Table. The fee for platted lots decreased
93	from $373.86 to $266.21.
94
ELEVENTH ORDER OF BUSINESS	Adoption	of	Resolution	2019-05	–
Special	Assessments	to	Fund	the
Proposed Budget
98
99	Ms. Lansford presented and reviewed Resolution 2019-05 – Special Assessments
100	to Fund the Proposed Budget (Exhibit “A”).
101
On a Motion by Mr. South, seconded by Mr. Lefere, with all in favor, the Board of Supervisors approved the Adoption of Resolution 2019-05 – Special Assessments to Fund the Proposed 2019/2020 Budget for Del Webb Bexley Community Development District.
102
103	TWELFTH ORDER OF BUSINESS	Staff Reports
104
A.	District Counsel
Ms. Willson presented  a contract for VGlobalTech  to provide ADA
compliance.

B.	District Engineer
Mr. Fisher stated that Phase 2 construction has begun. Phase 2 will add an
additional 220 units.

C.	District Manager
Ms. Lansford reminded the Board that the next regular meeting is scheduled
for July 24, 2019 at 4:00 p.m. It was discussed that the August meeting be
canceled.

Ms.   Lansford   asked   Mr.   Lefere   to  present   and   discuss a  Hurricane
Evacuation Plan.   Mr. Lefere presented a plan written for another District as

DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT
May 22, 2019 - Minutes of Meeting
Page 4
an example. Changes will be made to this plan matching the needs of Del
Webb Bexley and will be brought to the next meeting.

FOURTEENTH ORDER OF BUSINESS	Supervisor Requests

Ms. Lansford asked if there were any Supervisor Requests. There were none.

FIFTEENTH ORDER OF BUSINESS	Adjournment

Ms. Lansford stated that if there was no further business to come before the
Board than a motion to adjourn the meeting would be in order.

On a Motion by Mr. Baker, seconded by Mr. South, with all in favor, the Board of Supervisors adjourned the meeting at 2:23 p.m. for Del Webb Bexley Community Development District.

Secretary/Assistant Secretary	Chairman/ Vice Chairman

Exhibit A

RESOLUTION 2019-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT DECLARING SPECIAL ASSESSMENTS TO FUND THE PROPOSED BUDGET PURSUANT TO CHAPTERS 190 AND 197, FLORIDA STATUTES; SETTING PUBLIC HEARINGS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, as described in Resolution No. 2019-04, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the	Del Webb Bexley Community Development District (“District”) prior to June 15, 2019, a proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2019 and ending September 30, 2020 (“Fiscal Year 2019/2020”); and

WHEREAS, it is in the best interest of the District to fund the administrative and operations services (together, “Services”) set forth in the Proposed Budget by levy of special assessments pursuant to Chapters 190 and 197, Florida Statutes (“Assessments”), as set forth in the preliminary assessment roll included within the Proposed Budget; and

WHEREAS, the District hereby determines that benefits would accrue to the properties within the District, as outlined within the Proposed Budget, in an amount equal to or in excess of the Assessments, and that such Assessments would be fairly and reasonably allocated as set forth in the Proposed Budget; and

WHEREAS, the Board has considered the Proposed Budget, including the Assessments, and desires to set the required public hearings thereon;

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT:

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2019/2020 attached hereto as Exhibit A was hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget by adoption of Resolution No. 2019-04.

DECLARING ASSESSMENTS. Pursuant to Chapters 190 and 197, Florida Statutes, the Assessments shall defray the cost of the Services in the total estimated amounts set forth in the Proposed Budget. The nature of, and plans and specifications for, the Services to be funded by the Assessments are described in the Proposed Budget, all of which are on file and available for public inspection at the “District’s Office,” 5844 Old Pasco Road, Suite 100, Wesley Chapel, FL 33544. The Assessments shall be levied within the District on all benefitted lots and lands, and shall be apportioned, all as described in the Proposed Budget and the preliminary assessment roll included therein. The preliminary assessment roll is also on file and available for public inspection at the

District’s Office. The Assessments shall be paid in one more installments pursuant to a bill issued by the District in November of 2019, or, alternatively, pursuant to the Uniform Method as set forth in Chapter 197, Florida Statutes.

SETTING PUBLIC HEARINGS. Pursuant to Chapters 190, and 197, Florida Statutes, public hearings on the approved Proposed Budget and the Assessments are hereby declared and set for the following date, hour and location:

DATE:	July 24, 2019
HOUR:	4:00 p.m.
LOCATION:	The Bexley Club 16950 Vibrant Way
Land O’ Lakes, Florida 34638

TRANSMITTAL OF PROPOSED BUDGET TO LOCAL GENERAL PURPOSE GOVERNMENT. In accordance with Resolution No. 2019-04, the District Manager submitted a copy of the Proposed Budget to Pasco County at least 60 days prior to the hearing set above.

POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 2, and shall remain on the website for at least 45 days.

PUBLICATION OF NOTICE. The District shall cause notice of the public hearings to be published in the manner prescribed in Florida law.

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

PASSED AND ADOPTED THIS 26th DAY OF JUNE 2019.

ATTEST:	DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT

By: 	
Secretary	Its: 	

Exhibit B

AGREEMENT BETWEEN THE DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT AND NEWAGETUTORS LLC, D/B/A VGLOBALTECH, FOR WEBSITE AUDITING, REMEDIATION, AND MAINTENANCE SERVICES

THIS AGREEMENT (this "Agreement") is entered into as of this 	day of June, 2019, by and between:
DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT, a local unit of
special-purpose government, established and existing pursuant to Chapter 190, Florida Statutes, with a mailing address of 5844 Old Pasco Road, Suite 100, Wesley Chapel, Florida 33544 (the "District"), and
NEWAGETUTORS LLC, D/B/A VGLOBALTECH, a Florida limited liability company, with a mailing address of 636 Fanning Drive, Winter Springs, Florida 32708 ("Contractor").

RECITALS
WHEREAS, the District is a local unit of special-purpose government, created and existing pursuant to Chapter 190, Florida Statutes; and
WHEREAS, pursuant to section 189.069, Florida Statutes, the District must maintain an official website containing, at minimum, the statutorily required information (“Website”); and
WHEREAS, the District has a need to obtain a qualified independent contractor to perform audits of the Website to ensure compliance with the accessibility requirements of Title II of the Americans with Disabilities Act (“ADA”), which ADA accessibility requirements and standards may change from time to time, and to remediate or otherwise convert the Website to meet such ADA accessibility requirements, to routinely audit the Website to ensure continued compliance with the ADA and to perform ongoing maintenance of the website, all as more particularly described herein and in the proposal attached hereto as Exhibit A and made a part herein (together, the “Services”); and
WHEREAS, Contractor represents and warrants to the District that it is qualified, willing and capable of providing the Services; and
WHEREAS, the District and Contractor desire to enter into this Agreement for the purposes stated herein and the District and Contractor warrant and agree that they have all right, power and authority to enter into and be bound by this Agreement.
NOW, THEREFORE, in consideration of the recitals, agreements and mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties, the parties agree as follows:
SECTION 1. RECITALS. The recitals stated above are true and correct and by this reference are incorporated herein and form a material part of this Agreement.

SECTION 2. SCOPE OF WORK. Contractor, or its respective successors or assigns shall provide Services in accordance with the terms provided in this Agreement and in Exhibit A. Specifically, Services include the following:

INITIAL WEBSITE REMEDIATION. Contractor, or its respective successors or assigns shall perform a one-time conversion and remediation of the Website by using software and algorithms available to Contractor, including but not limited to “ADAChecker,” that evaluates compliance based on federally recommended ADA best practices for state and local governments as promulgated by federal law and rulemaking, including but not limited to Web Content Accessibility Guidelines 2.1 Level AA, as the same may be amended and updated from time to time (as amended and updated from time to time, “WCAG”). Specifically, Contractor shall, at a minimum:

perform ADA website compliance check for the current Website and created a project plan to provide an ADA compliant Website that meets, at minimum, the currently-effective WCAG standards;
cross-check compatibility of the Website with various web applications, including but not limited to mobile phones, tablets, laptop computers and desktop computers, and braille readers and other assistive technologies for accessibility;
remediate existing PDF documents to accessible formats for assistive technologies, as needed;
provide a webpage containing website accessibility policy that includes a commitment to accessibility for persons with disabilities, the District’s engagement of Contractor for ADA specific services, in an effort to bring the Website into ADA compliance, accessibility standard used and applied to the Website (which shall be at a minimum WCAG), and contact information of the District Manager or their designee (email and phone number) for users encountering any problems (collectively, “Accessibility Policy”);
provide Contractor’s ADA compliance shield, seal or certification for display on the Website (“Compliance Shield”); and
provide any and all other effort reasonably necessary to allow the District to receive the maximum benefit of the Services contemplated by this Agreement and Exhibit A, recognizing the District is relying on Contractor’s expertise for Website design/best practices in accordance with the ADA.
MAINTENANCE. Contractor, or its respective successors or assigns shall provide an ongoing maintenance of the Website to ensure continued compliance with WCAG. Specifically, Contractor shall:
continue to provide and update, as needed, those Services identified in Section 2(A);
provide assistive support via telephone and/or email up to seven (7) hours per month, including regularly corresponding with the District staff regarding

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remediated documents, providing updates to the Website, and providing recommendations of remedial actions, as needed. Notwithstanding the foregoing, the District may request that Contractor attend a conference call or an in-person meeting of the District to review metrics, results and summaries of maintenance performed to-date;
remediate new documents identified by the District to accessible formats for assistive technologies, as needed, including new agenda materials. In the event that the District is allowed access to Contractor’s proprietary batch conversion software (“Software”) that creates compliant documents, the District shall first remediate new documents using the Software. If conversion by Software fails to produce a compliant document, then Contractor shall remediate new documents within 24 hours of the District’s request;
provide and update Contractor’s Compliance Shield and Accessibility Policy, which may need to be updated from time to time, for display and use on the Website;
perform comprehensive technical and human audits, at least four (4) times per year in accordance with current industry standards to ensure Website’s compliance with WCAG standards or better and any applicable laws, rules and regulations applicable to the Website. After each audit, Contractor shall remediate any deficiencies identified during such audit and provide a written report to the District summarizing any audit and remediations made, if requested by the District; and
provide any and all other effort reasonably necessary to allow the District to receive the maximum benefit of the Services contemplated by this Agreement and Exhibit A.
ADDITIONAL SERVICES. In the event that the District desires additional work or services, Contractor agrees to negotiate in good faith to undertake such additional work or services. Upon successful negotiation regarding the terms of the additional work, including scope and compensation, the parties shall agree in writing to a work order, addendum, addenda, or change order to this Agreement prior to commencement of any such additional work. The following is a non-exhaustive list of possible additional services that the District may request of Contractor:
performing additional audit(s) of the Website;
providing a point of contact to respond to public’s requests for Website accommodation;
converting documents for a public records requests received by the District;
providing assistive support to District staff that is in excess of seven (7) hours per month, at a rate not to exceed Fifty Five Dollars ($55.00) per hour; and
providing any other ADA recommended compliance services requested by the District that Contractor is capable of performing.

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Contractor shall be solely responsible for the means, manner and methods by which its duties, obligations and responsibilities are met to the satisfaction of the District and in accordance with this Agreement. Contractor shall use industry best practices and procedures when carrying out the Services. While providing the Services, Contractor may assign a portion of the Services as may be required (“Assigned Services”), and Contractor shall be responsible for controlling all aspects to assure completion of the Services, including the Assigned Services.

SECTION 3. COMPENSATION. As compensation for the Services, the District agrees to pay Contractor in accordance with the following terms:

INITIAL WEBSITE REMEDIATION. For performance of the Services as provided in Section 2(A) of this Agreement, the District shall pay a one-time fee of Five Thousand Two Hundred Fifty Dollars ($5,250.00). Contractor shall invoice the District upon completion of the Initial Website Remediation.
MAINTENANCE. For performance of the Services as provided in Section 2(B) of this Agreement, the District shall pay Nine Hundred Ninety Dollars ($990.00) per year, payable in twelve (12) equal monthly installments of Eighty Two Dollars and Fifty Cents ($82.50). Parties understand and acknowledge that this includes document remediation pursuant to Section 2(B)(iii).
INVOICES; PAYMENT. Contractor shall maintain records conforming to usual accounting practices. Further, Contractor shall render each invoice to the District in writing, which shall be delivered promptly upon completion of each Service. Each invoice shall contain, at a minimum, the District’s name, Contractor’s name, the invoice date, an invoice number, an itemized listing of all costs billed on each invoice with a sufficient description of each allowing the District to approve each cost, the time frame within which the Services were provided, and the address or bank information to which payment is to be remitted. Consistent with Florida’s Prompt Payment Act, section 218.70, et al., Florida Statutes, the invoices shall be due and payable within forty-five (45) days of receipt by the District.
SECTION 4.	TERM AND TERMINATION.

TERM. This Agreement shall become effective upon the date and year first written above and shall be in effect until terminated by either party in accordance with the terms of this Agreement.
TERMINATION. The District agrees that Contractor may terminate this Agreement for cause by providing sixty (60) days’ written notice of termination to the District; provided, however, that the District shall be provided a reasonable opportunity to cure any failure under this Agreement. Contractor agrees that the District may terminate this Agreement immediately for cause by providing written notice of termination to Contractor. Contractor agrees that the District may terminate this Agreement without cause; provided that the District shall provide thirty (30) days’ written notice of termination without cause. Upon any termination of this Agreement, Contractor shall be entitled to payment for all Services rendered up until the effective termination of this Agreement, subject to whatever claims or offsets the District may have against Contractor as the sole means of recovery for termination.

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SECTION 5.	REPRESENTATIONS,	WARRANTIES	AND	COVENANTS.	Contractor
represents, warrants, and covenants that (a) the Services will conform to the requirements provided in Section 2 herein and Exhibit A; (b) the Services shall be performed by qualified personnel in a professional, prompt, diligent, good, safe and workmanlike manner in accordance with all laws, industry standards, and all applicable ADA and other website accessibility compliance standards, including but not limited to WCAG 2.1 Level AA and other federally recommended guidelines, as may be amended from time to time; and (c) neither the Services nor any product provided by Contractor shall infringe, misappropriate, or otherwise violate the intellectual property rights of any third-party. To the extent that any defects are found and reported to the Contractor, the Contractor shall correct such defects within thirty (30) days.
SECTION 6.	INTELLECTUAL PROPERTY.
CONTRACTOR MATERIALS. Except as provided herein, Contractor shall retain all right, title, and interest in and to (i) all patents, trademarks, service marks, copyrights, and other intellectual property or proprietary rights of Contractor used in or otherwise associated with the Services, and other materials provided to the District hereunder; and (ii) all trade secrets, technical specifications and data to the extent they are intellectual property, and inventions which are authored, conceived, devised, developed, reduced to practice, or otherwise performed by Contractor which arise out of Contractor’s performance of the Services, none of which shall be deemed a "work made for hire" under the Copyright Act of 1976 (collectively, "Contractor Materials"), and nothing contained herein shall be construed to restrict, impair, transfer, license, convey, or otherwise alter or deprive Contractor of any of its intellectual property and proprietary interests associated therewith. Subject to the foregoing, Contractor grants to the District a non- exclusive, non-transferable worldwide perpetual limited right and license to access and use the Contractor Materials in connection with the ordinary and intended use by the District as contemplated in this Agreement, including viewing, downloading and printing the Contractor Materials for the District’s use, and without in any case removing Contractor’s copyright, trademark or other intellectual property ownership notices.
THE DISTRICT MATERIALS; PUBLICITY AND TRADEMARKS. The District shall own the Website, domain name, all e-mail addresses, and all website and e-mail content, under all circumstances. In the event of a termination of this Agreement for any reason, Contractor shall take all necessary steps to transfer, or otherwise allow the District to retain, such website, domain name, e-mail addresses and content of the same. Additionally, to the extent applicable, Contractor shall take commercially reasonable precautions consistent with industry standards to protect confidential information, including, e.g., credit card information and other sensitive information protected under Florida’s Public Records Laws. Contractor shall immediately notify the District of any breach or loss of data, and take such steps as are reasonably necessary to address any such issue. Except as provided herein, the District shall retain all right, title, and interest in and to all intellectual property of the District provided or made available to the Contractor in connection with Contractor’s Services (collectively, "District Materials") and nothing contained herein shall be construed to restrict, impair, transfer, license, convey, or otherwise alter or deprive the District of any of its intellectual property or other proprietary interests associated therewith, if any. Subject to the foregoing, the District grants to Contractor a non-exclusive, non-transferable worldwide limited right and license to access and use such District Materials in connection with the provision of the Services as contemplated by this Agreement. Further, the District permits Contractor to

5

identify the District as a customer of Contractor in Contractor’s marketing materials (including using the District’s name and logo for such limited purposes).

The District further acknowledges and agrees that for Contractor to perform the Services, it must, in some cases, give Contractor remote access to areas behind log-ins that are to be audited hereunder, including, without limitation to content management systems and/or servers (collectively, “System”), and agrees that it will furnish to Contractor all necessary information and/or user names and passwords required to do so. Contractor agrees to follow commercially reasonable security policies for accessing the District’s System including any specific security procedures as may be communicated to Contractor by the District prior to Contractor accessing the System. Contractor shall on its own or through coordination with the District’s Website provider, create a back-up copy of all data that may be affected by Contractor’s access to the System.

RIGHT TO DISPLAY CONTRACTOR’S COMPLIANCE SHIELD / ACCESSIBILITY POLICY. Pursuant to this Agreement, the Contractor shall provide the District a Compliance Shield and customized Accessibility Policy, which the District shall display on its Websites and web applications. The District is expressly prohibited from using the Compliance Shield for any purpose not specifically authorized by this Agreement, and in no event may use such Compliance Shield for or on behalf of any other party or in connection with any domain name and/or organization name other than those being scanned or serviced in connection with the Services.

SECTION 7.   PUBLIC RECORDS.   Contractor understands and agrees that all documents or on-line content of any kind provided to the District in connection with this Agreement may be public records, and, accordingly, Contractor agrees to comply with all applicable provisions of Florida law in handling such records, including but not limited to section 119.0701, Florida Statutes. Contractor acknowledges that the designated public records custodian for the District is Angel Montagna (“Public Records Custodian”). Among other requirements and to the extent applicable by law, Contractor shall 1) keep and maintain public records required by the District to perform the Work; 2) upon request by the Public Records Custodian, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of the contract term and following the contract term if Contractor does not transfer the records to the Public Records Custodian of the District; and 4) upon completion of the contract, transfer to the District, at no cost, all public records in Contractor’s possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws. When such public records are transferred by Contractor, Contractor shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats.

IF CONTRACTOR HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO CONTRACTOR’S DUTY TO PROVIDE PUBLIC RECORDS

6

RELATING TO THIS CONTRACT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT (813) 994-1001, AMONTAGNA@RIZZETTA.COM.COM, OR AT 5844 OLD PASCO ROAD, SUITE 100, WESLEY CHAPEL, FLORIDA 33544.
SECTION 8.	INDEMNITY.
Contractor agrees to defend, indemnify, and hold harmless the District and its officers, agents, staff, employees, successors, assigns, members, affiliates, or representatives from any and all liability, claims, actions, suits, liens, demands, costs, interest, expenses, damages, penalties, fines, or judgments against the District, or loss or damage, whether monetary or otherwise, arising out of, wholly or in part by, or in connection with the Services to be performed by Contractor, its subcontractors, its employees and agents in connection with this Agreement, including litigation, mediation, arbitration, appellate, or settlement proceedings with respect thereto. This specifically includes a lawsuit based on lack of ADA compliance or other website compliance insufficiencies. Additionally, nothing in this Agreement requires Contractor to indemnify the District for the District’s percentage of fault if the District is adjudged to be more than 50% at fault for any claims against the District and Contractor as jointly liable parties; however, Contractor shall indemnify the District for any and all percentage of fault attributable to Contractor for claims against the District, regardless of whether the District is adjudged to be more or less than 50% at fault. Contractor further agrees that nothing herein shall constitute or be construed as a waiver of the District's limitations on liability contained in section 768.28, Florida Statutes, or other statute.
Obligations under this section shall include the payment of all settlements, judgments, damages, liquidated damages, penalties, forfeitures, back pay awards, court costs, arbitration and/or mediation costs, litigation expenses, attorneys’ fees, paralegal fees (incurred in court, out of court, on appeal, or in bankruptcy proceedings), any interest, expenses, damages, penalties, fines, or judgments against the District, all as actually incurred.
In the event that Contractor assigns its obligations under this Agreement to a third party, Contractor acknowledges and agrees that Contractor shall require such third party to provide indemnification to the District consistent with the requirements of this Section 8.
SECTION 9.   SCRUTINIZED COMPANIES STATEMENT.   Contractor certifies that it is not in violation of section 287.135, Florida Statutes, and is not prohibited from doing business with the District under Florida law, including but not limited to Scrutinized Companies with Activities in Sudan List or Scrutinized Companies with Activities in the Iran Petroleum Energy Sector List. If Contractor is found to have submitted a false statement, has been placed on the Scrutinized Companies with Activities in Sudan List or the Scrutinized Companies with Activities in the Iran Petroleum Energy Sector List, or has been engaged in business operations in Cuba or Syria, or is now or in the future on the Scrutinized Companies that Boycott Israel List, or engaged in a boycott of Israel, the District may immediately terminate the Contract.

SECTION 10. GENERAL PROVISIONS.

7

CONFLICTS. The terms of this Agreement and Exhibit A are intended to complement each other, and to the extent they conflict, the terms of Exhibit A shall control only to the extent that such provisions provide clarifications on Services and materials to be provided by Contractor pursuant to Exhibit A; in all other respects, the provisions of this Agreement shall control.
AUTHORIZATION. The execution of this Agreement has been duly authorized by the appropriate body or official of the District and Contractor, both the District and Contractor have complied with all the requirements of law, and both the District and Contractor have full power and authority to comply with the terms and provisions of this Agreement.
INDEPENDENT CONTRACTOR. It is understood and agreed that at all times the relationship of Contractor and its employees, agents, successors, assigns or anyone directly or indirectly employed by Contractor to the District is the relationship of an independent contractor and not that of an employee, agent, joint-venturer, or partner of the District. Nothing in this Agreement shall be interpreted or construed as creating or establishing the relationship of employer and employee between the District and Contractor or any of its employees, agents, successors, assigns or anyone directly or indirectly employed by Contractor. The parties acknowledge that Contractor is not an employee for state or federal tax purposes. Contractor shall hire and pay all of Contractor’s or its employees, agents, successors, assigns or anyone directly or indirectly employed by Contractor, all of whom shall be employees of Contractor and not employees of the District and at all times entirely under Contractor’s supervision, direction, and control.

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

DISPUTE RESOLUTION. Before initiating any legal claim or action (except with respect to equitable relief), the parties agree to attempt in good faith to settle any dispute, controversy, or claim arising out of or related to this Agreement or the Services (collectively, "Dispute") through discussions which shall be initiated upon written notice of a Dispute by either party to the other. If the parties cannot resolve the Dispute within ten (10) business days, then the parties shall attempt to settle the Dispute by mediation. If mediation is unsuccessful, the parties may then proceed to filing a claim in the appropriate jurisdictional court in accordance with this Agreement. In the event that either party is required to enforce this Agreement by court proceedings or otherwise, then the parties agree that the substantially prevailing party shall be entitled to recover from the other all fees and costs incurred, including reasonable attorneys’ fees, paralegal fees, expert witness fees, and costs for trial, alternative dispute resolution, or appellate proceedings.
APPLICABLE LAW AND VENUE. This Agreement shall be governed by and construed in accordance with the laws of the State of Florida without reference to the principles of conflict of laws. Except for actions seeking injunctive relief (which may be brought in any appropriate jurisdiction), suits under this agreement shall only be brought in a court of competent jurisdiction in Pasco County, Florida. This choice of venue is intended by the parties to be

8

mandatory and not permissive in nature, and to preclude the possibility of litigation between the parties with respect to, or arising out of, this Agreement in any jurisdiction other than that specified in this section. The District and Contractor waive any right they may have to assert the doctrine of forum non conveniens or similar doctrine, or to object to venue with respect to any proceeding brought in accordance with this Section.
LIMITATIONS ON GOVERNMENTAL LIABILITY. Nothing in this Agreement shall be deemed as a waiver of immunity or limits of liability of the District beyond any statutory limited waiver of immunity or limits of liability which may have been adopted by the Florida Legislature in section 768.28, Florida Statutes, or other statute, and nothing in this Agreement shall inure to the benefit of any third-party for the purpose of allowing any claim which would otherwise be barred under the Doctrine of Sovereign Immunity or by operation of law.
THIRD-PARTY BENEFICIARIES. This Agreement is solely for the benefit of the District and Contractor and no right or cause of action shall accrue upon or by reason to or for the benefit of any third-party not a formal party to this Agreement. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the District and Contractor any right, remedy, or claim under or by reason of this Agreement or any of the provisions or conditions of this Agreement; and all of the provisions, representations, covenants, and conditions contained in this Agreement shall inure to the sole benefit of and shall be binding upon the District and Contractor and their respective representatives, successors, and assigns.
DEFAULT AND PROTECTION AGAINST THIRD-PARTY INTERFERENCE. A default by either party under this Agreement shall entitle the other to all remedies available at law or in equity, which may include, but not be limited to, the right of actual damages and/or specific performance. The District shall be solely responsible for enforcing its rights under this Agreement against any interfering third-party. Nothing contained in this Agreement shall limit or impair the District’s right to protect its rights from interference by a third-party to this Agreement.
NOTICES. All notices, requests, consents, and other communications under this Agreement (“Notice” or “Notices”) shall be in writing and shall be delivered, mailed by Overnight Delivery or First Class Mail, postage prepaid, to the parties, as follows:
If to Contractor:	NewAgeTutors LLC
d/b/a VGlobalTech 636 Fanning Drive
Winter Springs, Florida 32708 Attn: Vaibhav V. Joshi

If to District:	Del Webb Bexley Community
Development District
5844 Old Pasco Road, Suite 100 Wesley Chapel, Florida 33544 Attn: District Manager
With a copy to:	Hopping Green & Sams PA
119 South Monroe Street, Suite 300

9

Tallahassee, Florida 32301 Attn: District Counsel
Except as otherwise provided in this Agreement, any Notice shall be deemed received only upon actual delivery at the address set forth above. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving Notice contained in this Agreement would otherwise expire on a non-business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the District and counsel for Contractor may deliver Notice on behalf of the District and Contractor. Any party or other person to whom Notices are to be sent or copied may notify the other parties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days’ written notice to the parties and addressees set forth herein.
ENTIRE AGREEMENT. This Agreement, together with Exhibit A, sets forth the entire agreement of the parties, and supersedes any prior agreements or statements with respect to the subject matter hereof. No provision of this Agreement may be amended, waived or modified unless the same is set forth in writing and signed by each of the Parties to this Agreement, or their respective successors or assigns.
SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Agreement shall not affect the validity or enforceability of the remaining portions of this Agreement, or any part of this Agreement not held to be invalid or unenforceable.
ASSIGNMENT. Neither the District nor Contractor may assign this Agreement without the prior written consent of the other. Any purported assignment without such consent shall be null and void.
AMENDMENTS. This Agreement may be amended or modified only by a written instrument duly executed by both parties.
FORCE MAJEURE. If either party is prevented from performing any of its obligations under this Agreement due to any cause beyond the party's reasonable control, including, without limitations, an “act of God,” fire, flood, war, strike, government regulation, civil or military authority, acts or omissions of transmitters, utilities, providers or hackers, the time for that party's performance will be extended for the period of the delay or inability to perform due to such occurrence.
SURVIVAL. In addition to such other provisions hereof which, by their terms, survive any termination or expiration of this Agreement, Section 5 (Representations, Warranties and Covenants), Section 6 (Intellectual Property), Section 7 (Public Records), Section 8 (Indemnity), and Section 10 (General Provisions) shall survive any termination or expiration of this Agreement.
WAIVER. No breach of any term of this Agreement shall be deemed waived unless expressly waived in writing by the party who might assert such breach. Any failure or delay by either party to exercise any right, power, or privilege under this Agreement shall not be deemed a waiver of any such right, power, or privilege under this Agreement on that or any subsequent occasion. Any waiver by either party, whether express or implied, of any provision of this

10

Agreement, any waiver of default, or any course of dealing hereunder, shall not affect such party’s right to thereafter enforce such provision or to exercise any right or remedy in the event of any other default or breach, whether or not similar.
COUNTERPARTS. This instrument may be executed in any number of counterparts, each of which, when executed and delivered, shall constitute an original, and such counterparts together shall constitute one and the same instrument. Signature and acknowledgement pages, if any, may be detached from the counterparts and attached to a single copy of this document to physically form one document.
ARM’S LENGTH TRANSACTION. This Agreement has been negotiated fully between the parties as an arm’s length transaction. Both parties participated fully in the preparation of this Agreement and received the advice of counsel. In case of a Dispute concerning the interpretation of any provision of this Agreement, both parties are deemed to have drafted, chosen, and selected the language, and the doubtful language will not be interpreted or construed against either party.
DESCRIPTIVE HEADINGS. The descriptive headings in this Agreement are for convenience only and shall not control nor affect the meaning or construction of any of the provisions of this Agreement.

[SIGNATURES ON NEXT PAGE]

11

IN WITNESS WHEREOF, the parties have, by their duly authorized representatives, executed this Agreement as of the date and year first set forth above.

ATTEST:	DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT

Secretary	Chairperson, Board of Supervisors

WITNESS:	NEWAGETUTORS LLC, D/B/A
VGLOBALTECH, a Florida limited liability company

Print Name:	By: Vaibhav V. Joshi, Owner

Exhibit A:	Proposal for Services

12

Tab 2

DEL WEBB BEXLEY COMMUNITY DEVELOPMENT

DISTRICT OFFICE · 12750 CITRUS PARK LANE· SUITE 115 · TAMPA, FLORIDA 33625

Operation and Maintenance Expenditures	
June 2019	
For Board Approval	

Attached please find the check register listing the Operation and Maintenance expenditures paid from June 1, 2019 through June 30, 2019. This does not include expenditures previously approved by the Board.

The total items being presented:	$8,634.18

Approval of Expenditures:

 		
Chairperson	

 		Vice Chairperson	

 		Assistant Secretary	

Del Webb Bexley Community Development District	
Paid Operation & Maintenance Expenditures	
June 1, 2019 Through June 30, 2019	

Vendor Name		Check #		Invoice Number 	Invoice Description		Invoice Amount	

Clearview Land
Design	001075	19-00203	Engineering Services 02/19	$	26.68	
Clearview Land Design	001075	19-00882	Engineering Services 05/19	$	307.50	
Grau & Associates	001078	17320	Audit FY 17/18	$	500.00	
Rizzetta & Company, Inc.	001076	INV0000040252	District Management Fees 05/19	$	3,850.00	
Rizzetta & Company, Inc.	001076	INV0000040995	District Management Fees 06/19	$	3,850.00	
Rizzetta Technology
Services	001077	INV0000004408	Website Hosting 06/19	 $	100.00	

Report Total	 $	8,634.18

wearv

LAND DESIGN, P.L.

Clearview Land Design 1213 E. 6 th Avenue Tampa, Florida33605 813-223-3919

Del Webb Bexley Kathleen Clark
5844 Old Pasco Rd, Suite100 Wesley Chapel, FL 33544

Terms: Net30

I l
JUN 1 Z 2019
Invoice number 	19-00203
Date	02/15/2019
Project Del Webb COD

Del Webb COD O&M
CDD-DW-002 Engineering O&M
Reimbursable Expenses

Chris M. Fisher
01/23/2019
Per Miles

Del Webb CDD O&M subtotal

Billed Amount

26.68
26.68
Invoice total	26.68

Aging Summary Invoice Number 19-00203

Invoice Date 02/15/2019
Total

Outstanding	Current	Over30	Over60 26.68		26.68
26.68	26.68	0.00	0.00
Jate Rec'd Riz�lnc_

Over90	Over120
0.00	0.00

Dale entered 	 	
Fund_W.L GL 6130{)	oc_3_t1 _()�3_

Check#_-

__ 	_____

Del Webb Bexley Page 1

Invoice number 19-00203

Invoice date 02/15/2019

Clearview
LAND DESIGN, P.L.

Clearview Land Design
3010 W. Azeele Street, Suite150 Tampa, Florida33609
813-223-3919

"4111 l H l019

Del Webb Bexley	Invoice number	19-00882	
Kathleen Clark	Date	05/17/2019	
5844 Old Pasco Rd, Suite100			
Wesley Chapel, FL33544	Project Del Webb COD	

Terms: Net30

ate Rec'd Rizzetta & Co, Inc 	

Del Webb COD O&M

DIM approval
Date entered

�;A,Yt,}L2  g

D201iS9

30 2..0/9
_

CDD-DW-002 Engineering O&M
Professional Services

Senior Professional Engineer Chris M. Fisher ProjectTime

Fund Vol	GL 5t!;oo oc3/0!J
Check# 	 	
Date

05/15/2019

Hours

1.50

Rate

205.00

Billed Amount

307.50

Compare COD costs without pond excavation number Discuss with Attorney
Del Webb COD O&M subtotal

Aging Summary

Invoice total

307.50

307.50

Invoice Number	Invoice Date	Outstanding	Current	Over30	Over60	Over90	Over120	
19-00203	02/15/2019	26.68				26.68		
19-00882	05/17/2019	307.50	307.50					
	Total	334.18	307.50	0.00	0.00	26.68	0 00	

Del Webb Bexley Page 1

Invoice number 19-00882

Invoice date 05/1712019

Grau and Associates
951 W. Yamato Road, Suite 280 Boca Raton, FL 33431- www.graucpa.com

Phone: 561-994-9299	Fax: 561-994-5823

Del Webb Bexley Community Development District 12750 Citrus Park Lane, Suite 115
Tampa, FL 33625

Invoice No.	17320 Date	11/05/2018

At-,< ·1 7 7.U19

SERVICE	AMOUNT

Audit FYE 09/30/2018

Current Amount Due

$_ _5� 0�0=.0�0
$====50==0==0==0

Oate Rec'd Rizz

Date entered_�A�P_R_2 _6_20_1_9 	_ Fund 0(1	GL �t?_;;D:) OC 6 UJ-Z,...,
Check# 		 	

0 - 30
500.00

31- 60
0.00

61 - 90	91 - 120
Paymen0t.0d0ue upon rece0ip.0t.0

Over 120
0.00

Balance 500.00

3R4i3z4zeCttoalwe&llCAovemnupeany, Inc.
TSaumitepa20F0L	33614

Bill To:
3D4e3l 4WCeoblbwBelel xAlevyenCuOeD TSuamitep2a0F0L	33614

Ari\ 'l 4 7.019

Invoice
Date	Invoice#
5/1/2019	INV0000040252

I

DistricDt eMscarnioatgioenment Services  Q'IV\

Services for the month of
May

II	Upon Receipt	I

Terms	I

Qtv 1.00	$1R,6at7e5.00

Client Number
00178
Am$1ou,6n7t 5.00

Accounting Services	 �\

$300.00	$300.00

ministrative Services :;, \uO Financial & Revenue C;ollections  iI I \

1..00	$1$,350705.00	$1$,350750..00

q.l\

Date Rec'd Rizz¥, lac
DIM approval_	Date	\d-	( I  4
Date entered	PR 2 6 2019

GL.61-soa

Fund OJ\
Check#

oc �'Y-

Subtotal	$3,850.00

Total	$3,850.00

Rizzetta & Company, Inc.
3434 Colwell Avenue
Suite 200
Tampa FL	33614

Invoice
Date	Invoice#
6/1/2019	INV0000040995

Bill To:
Del Webb Bexley COD 3434 Colwell Avenue
Suite 200
Tampa FL	33614

Description
District Management SeNices '>}\V\ Administrative Services ?J\vi> Accounting Services 1, y1) \	1
Financial & Revenue Collections D \ \

Services for the month of

II

June

MAY 2 4 7.019

II

Terms	Client Number
Upon Receipt	00178
Qtv	Rate	Amount
$1,675.00	$1,675.00
1.00	$375.00	$375.00
$1,500.00	$1,500.00
1.00	$300.00	$300.00

)ate entered

�t,eck #

<.;J_AJL	s-2-L/-2019
r4A¥ 2 4
GL	oc

Subtotal	$3,850.00

Total	$3,850.00

Rizzetta Technology Services
3434 Colwell Avenue
Suite 200
Tampa FL 33614

Date
6/1/2019

Invoice
Invoice#
INV0000004408

Bill To:
Del Webb Bexley COD 3434 Colwell Avenue
Suite 200
Tampa FL	33614

Description

EMail Accounts, Admin & Maintenance
Website Hosting, Backup and Content Updating

Services for the month of June

MAy l J 2019

I	Terms
I	Net20
Qty	0
1

Rate

$15.00

II

$100.00

Client Number 00178
Amount
$0.00
$100.00

-
d,e Rec'd Rizzetta & Co, Inc 	
)/M approval	O;t)L Date S-2-�-2-019

lGte entered--�-A-Y -2 und	00{

-4 -20-19 ----

'1eck #_ 	_ 	____

Subtotal

Total

$100.00

$100.00

Tab 3

DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT

DISTRICT OFFICE · 12750 CITRUS PARK LANE · SUITE 115 · TAMPA, FLORIDA 33625

June 27, 2019

U.S. BANK NATIONAL ASSOCIATION
Del Webb Bexley Special Assessment Bonds, Series 2018 Corporate Trust Services
Attention: Barry Knack
60 Livingston Avenue, 3rd Floor EP-MN-WS3T
St. Paul, MN 55107

RE:	Special Assessment Bonds, Series 2018 Requisitions for Payment

Dear Trustee:

Below please find a table detailing the enclosed requisition(s) ready for payment from the District’s Construction Trust Account.

PLEASE EXPEDITE PAYMENT TO THE PAYEE(S) VIA USPS

REQUISITION NO.	PAYEE	AMOUNT	
11	Clearview Land Design, P.L	$1,495.90	
12	Hopping Green & Sams	$178.50	

If you have any questions regarding this request, please do not hesitate to call me at (813) 933-5571. Thank you for your prompt attention to this matter.

Sincerely,
DEL WEBB BEXLEY
COMMUNITY DEVELOPMENT DISTRICT

Jordan Lansford District Manager

FORM OF REQUISITION
DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT BONDS, SERIES 2018

October I, 2018 (collectively, the "Indenture") (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture):

June 2S, 2019

foAsllsoowciiantigoTnrhe, qeausuitsnruidtiesotrneseigf(ontrheded,i"saTbnruuRrsseteesmep"oe)n, tdiaubtnleedOarfsfaonicfdeOrpocutforstbhueearnDIt,et2lo0Wt1h8ee,babtesBrmsuexps lpoelyfemCtheoenmtMemdausbntyeitrtyhTaDrtuecsvetertlIaonipdnmeFneitrnustrteDSifruspotrpmilcetmth(teehneItas"slIusTesruur etsort"I)Unhd.eSern.etBbuyraenskduabNtmeadittisaostnhoaefl

)

(A)
{8

NReaqmueisoitfioPnayNeue:mberC: CleRar1v1iew Land Design

S30u1it0eWIS.OAzeele Street

Tampa, FL  33609

0p4ay/1m9e/1n9ts, or, state  Costs of Issuance,  if applicable):  Invoice#  19-00204 & Invoice#19-00615  for Professional  Services through

({CD))	PAumrpoousnet foParywabhliec:h$p1a,4id95o.r9i0ncurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress

(E)	AFumnoduonrt,Aifccaonuyn, tthfraot mis wtohbicehudseisdbuforrseamDeenfet trorebdeCmoasdt:e: S2018 Construction Account

(E)

I.	Tishfoe ur nCdoesrtsiogfnlesdsuhaenrceebypacyeartbilfieefrs othmattohbelAigcaqtiuoinssitionnthaendstaCteodnsatmruocutinotnsFetufondrtthhatbhoavveehnaovte pbreeevnioiunscluyrrbeedenbyptahide;Issuer, or this requisition
each disbursement set forth above is a proper charge against the Acquisition and Construction Fund;
each disbursement set forth above was incurred in connection with the acquisition and/or construction of the Project;
each represents a Cost ofthe Project which has not previously been paid.

arettlaecahsemdeonTrt hwuepilolunn,dootrrbsceilgarniemeledaahsffederecsbtiiymngfuultrthatehneerrioguchestrlyttiofiwreiestchtehtihavetetpphaaeyyremheeannstt hnoeofr,teabonefy.enoffitlheed mwoitnheoyrs spearvyaebdleuptoonthtehePIasyseueesrentofoticrtehoafbaonvye,liwenh,icrhighat stonoIitebne, eonr percentageTwhehiucnhdtehresiIgsnsueedr hiseraetbtyhefudarttheeorfcseurtchificeesrtitfihactatseuecnhtitrleeqdutiositrieotnainc.ontains  no  item  representing  payment  on  account  of any  retained   of costs paOidr,igwinitahlsreosrpceocptietos wofhtihcehindivsobiucrse(esm) frenotmisthheerveebnydroerqoufetshtedpraorpeeortnyfialceqwuiirtehdthoer tIhsesuseerr.vices rendered, or other appropriate documentation

CONSULTING ENGINECEhRa'iSrmAruPPROiVceA-ChairmanL

DELVEWLEOBPBMBEENXTLDEIYSTCROICMTMUNITY

If	FOR NON-COST OF ISSUANCE REQUESTS ONLY

\,,,,I I I I I I ,,,,,

dfoisrbthuerspeomrteinottnhiisosffroetrhqaeuCiPsroiotsijtoeoncftitswhfoeithPrrraoejsdepicsetbcautnrtdsoeiwms hceoincnthsfoissurtceonhtthdweisribtthuh:ra(snie)mCthoenstatspisopfblliecisansbuglaemnacacedq,eu;tihsaeintiudon,n(dioeirir)sctioghnnesertdruepCcotortionQfn._su�lt�i_��n;s��1i11'�11�ng ER'ni:'lDgmYe�c�•1',

�{81Jsditihcraetiptohonirtss

shall have been amended or modified on the date hereof.

�	�!i2

�/	N	8*5555	\.

".:.-

(_,__� �· ·� 4 '.

Tn<GENG	\.

_.Jfft

,,,,,''1'0"N'"A\.'''�''\,,,

-,....,,�,, "°•"- .. �S..lT..OA.1'R..E.\O.O.P..F..�•·•e.·�,�, ':::

Clearview Land Design 1213 E. 6th Avenue
Tampa, Florida 33605
813-223-3919 

Del Webb Bexley Tiffany Judd
5844 Old Pasco Rd. Suite 100

Clearview
LAND DESIGN, P.L.

,,.
M.4 r U 1 2019		Invoice number Date
j

19-00204
02/1 5/2019

Wesley Chapel, FL 33544	Pro ect Del Webb COD Terms: Net 30
Construction

Date	Hours	Rate	AmBoilulendt	

01/22/2019	
3.00	
205.00	
615.00	
01/23/2019	4.00	205.00	820.00	
Subtotal Phase subtotal
Construction subtotal	7.00		1 ,435.00
1,435.00
1 ,435.00	
	
Invoice total	

1,435.00	

CDD-DW-001 Englneertng Services Professional Services

Professional Engineer Chris M. Fisher Project Time
Comp/le CDD Acquistion Documents CDD Meeting/Acquisition Calculations

S

,a,e Keo'd R�•· Inc	_
)/M approval	Date	--\Q \�
lilte entored_M   Y O  3  2019

. ,net ODt

__ GL

5l�b0 oc &lo�

Aging Summa·ry➔cl< ii
Invoice Number 19-00204

Del Webb Bexley Page 1

-··----
Invoice Date 02/1 5/2019
Total

Outstanding	Current
1 ,435.00	1 ,435.00
1 ,435.00	1 ,435.00

Invoice number 19-00204

Over 30

0.00

Over 60	Over 90	Over 120

0.00	0.00	0.00

Invoice date 02/1 512019

Clearview Land Design
3010 W. Azeele Street, Suite 150
Tampa, Florida 33609
81 3-223-3919

Clearview
LAND DESIGN, P.L.

Del Webb Bexley Tiffany Judd
5844 Old Pasco Rd. Suite 1 00

Invoice number Date

19-00615
04/19/2019

Wesley Chapel, FL 33544 Tenns: Net 30

Construction
CDD-DW-001 Engineering Services Reimbursable Expenses

Chris M. Fisher 02/07/2019
Per MIies 02/26/2019 
Per Miles

Project Del Webb CDD

Billed Amount

29.58

Check #

Aging Summary
Invoice Number	
Invoice Date	
Outstandin�	
Current	
Over 30	
Over BO	
Over 90	
Over 120	
1 9-00204	02/1 5/2019 	1 ,435.00			1,435.00			
19-00405	03/15/2019	555.00		555.00				
1 9-0061 5	04/1 9/2019	60.90	60.90					
	Total	2,050.90	60.90	555.00	1 ,435.00	0.00	0.00	

__	_

____	Invoice total	60.90

Del Webb Bexley Page 1

Invoice number 1 9·0081 !5	Invoice date 04/1 912019

FORM OF REQUISITION
DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT BONDS, SERIES 2018

October I, 20 18 (collectively, the "Indenture") (all capitalized tenns used herein shall have the meaning ascribed to such term in the Indenture):

June 2S, 2019

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(A)
(8)

Requisition Number: CR 12

Name ofPayee:	Hopping Green & Sams

TP11.a09ll.aSBh. aoMsxsoe6ne5r,2oF6eLSt3r2e3elt,4Ste 300

payments, or, state Costs of Issuance, if applicable): Invoice# 1070S9 for Professional Services billed through 03/3 1/2019

(E)	AFumnoduonrt,Aifccaonuyn, tthfraotmis wtohbicehudseisdbuforsreamDeenfet lrroebdeCmoasdt:e: S2018 Construction Account

((CD))	PAumrpoousnet foParywabhliec:h5p1a7i8d.SoOr incurred (refer also to specific contract ifamount is due and payable pursuant to a contract involving progress

(E) I. 

iTshfoe runCdoesrtsoigflnesdsuhaenrceebypacyearbtilfeiefrs othmattohbelAigcaqtiuoinssitiionnthaendstaCteodnsatmruocutinotnsFetunfodrtthhaatbhoavveehnaovtepbreeevnioiunscluyrrbeedebnyptahide;Issuer, or this requisition

each disbursement set forth above is a proper charge against the Acqu isition and Construction Fund;
each disbursement set forth above was incurred in connection with the acquisition and/or construction ofthe Project;
each represents a Cost of the Project which has not previously been paid.
raettlaecashemdeonrTt whuepiloulnnn,dooetrrbsceiglarneimeledaahsffeeedrecsbtiiymngfuultrthatheneerriogcuhestrlyttiofiwreiestchtehtihvaetetpphaaeyryemheeannstt hnoeofr,teaobnfey.enofftilhede mwoitnheoyrs spearyvaebdleuptoonthtehePaIsyseueesr entofoticrtehoafbaonvye,liwenh,icrhighhat stonolitenb,eeonr percentageTwhehiucnhdtehresiIgsnsueedr hiseraetbtyhefduarteeorfcsuertchificeesrtitfihactatseuecnhtirteleqdutisoitrieotnainc.ontains  no  item  representing  payment  on  account  of any retained of costs paOidri,gwinitahlsroesrpceocptietos owfhtihcehidnivsobiucres(esm) frenotmisthheerveebnydroerqoufetshteedpraorpeeorntyfialceqwuiirtehdthoer tIhsesuserrv. ices rendered, or other appropriate documentation
DELVEWLEOBPBMBEENXTLDEIYSTCROICMTMUNITY

FOR NON-COST  OF  ISSUANCE REQUESTS ONLY	1 \11 11 1111

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shall have been amended or modified on the date hereof.

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11A9ttSo.rnMeoynsroaend CounselorsStree� Sle. 300

Hopping Green & Sams

P.O.  BoxTallahassee,

6526
FL 32314 850.222.7500
==================== ============	STATEMENT =================================
April 30, 2019
Del Webb Bexley Community Development District	B111 Number	107059	
5844 Old Pasco Road, Suite 100	Billed through	03/31/2019	
Wesley Chapel, FL 33544			
Project Construction DWBCDD 00103	JJ			
FOR PROFESSIONAL SERVICES RENDERED
03/26/19	ACW	Review of Del Webb Bexley Phase 2 Plat; confer with Steady regarding same.	0.40 hrs

03/27/ 19	ACW	Confer with Lefere and Fisher regarding phase 2 plat.

Total fees for this matter

MATTER SUMMARY

0.30 hrs

$178.50

Willson, Alyssa C.

TOTAL FEES

0.70 hrs

255 /hr

$178.50

$178.50

TOTAL CHARGES FOR THIS MATTER BILLING SUMMARY
Willson, Alyssa C.

TOTAL FEES TOTAL CHARGES FOR THIS BILL

0.70 hrs

255 /hr

$178.50

$178.50

$178.50

$178.50

Please include the bill number on vour check.

Tab 4

Bexley Del Webb
 	Waterway Inspection Report	
Reason for Inspection: Routine Scheduled

Inspection Date:

7/15/2019

Prepared for:
Jordan Lansford, District Manager Rizzetta & Company
12750 Citrus Park Lane Suite 115
Tampa, FL 33625

Prepared by:

Patrick Brophy, Account Representative/Biologist

Aquatic Systems, Inc. - Wesley Chapel Field Office
Corporate Headquarters
2100 N.W. 33rd Street, Pompano Beach, FL 33069 1-800-432-4302

Bexley Del Webb	7/15/2019

1

Normal growth observed
Shoreline grasses in Site #1 have responded positively to ongoing maintenance for shoreline grasses. A protein film was observed windblown into the western/northwestern corner, films like this are composed of decaying organic matter and are expected to decompose naturally over time.

2

Normal growth observed
Traces of filamentous algae were observed along the western perimeter of Site #2 (all pictures) and will require treatment during upcoming regularly scheduled maintenance visits. Growth of Southern Watergrass, Pennywort, Torpedograss around the shoreline will require treatment.
Results from the date of application are expected 14-21 days after.

Bexley Del Webb	7/15/2019

3

Normal growth observed
The open water of Site #3 continues to be observed in excellent condition. Growth of shoreline grasses along the perimeter at up to 1 foot will require treatment during upcoming visits (above/top right).

4

Treatment in progress
Cattails pictured along the perimeter of Site #4 have shown positive results from out most recent treatment visit on 7/9. Traces of filamentous algae around the shoreline will require treatment during upcoming regularly scheduled maintenance visits.

Bexley Del Webb	7/15/2019

5

Normal growth observed
Growth of Cattails and Torpedograss along the shoreline of Site #5 will require treatment during upcoming maintenance visits. The open water within the retention pond was considered to be in good condition at the time of inspection.

6

Normal growth observed
The growth of shoreline grasses in Site #6 were observed at 1-2 feet off the bank of the waterbody and will require treatment during our next maintenance visit.

Bexley Del Webb	7/15/2019

7

Normal growth observed
Minor growth of shoreline grasses in Site #7 will require treatment during upcoming maintenance visits.

8

Site looks good
Site #8 has responded positively to ongoing maintenance, the waterbody was noted to be free of undesirable filamentous algae and shoreline grass growth at the time of inspection.

Bexley Del Webb	7/15/2019

9

Normal growth observed
Water levels have risen significantly in Site #9 as a result of recent rainfall. Grasses below the high water mark will require treatment during our next scheduled maintenance visit.

The waterway inspection for Bexley Del Webb CDD was performed on July 15th, 2019 for all 9 sites in the community. The waterways throughout the community continue to respond positively to regular maintenance visits. With our two scheduled visits per month in the community, the main focus so far has been perimeter vegetation which has shown and notable increase in its growth rate during the warmer summer months. Cattails are popping up along the shoreline of many sites within the community and will require maintenance during our future visits. While Cattails are able to growth within the northern United States and are not considered a nuisance there, in Florida the near continuous warm weather allows for Cattails to grow throughout the year and take over entire waterbodies if left unmanaged.
Florida is now well into the summer rainy season as rain is consistently falling throughout the region on a regular basis. An abundance  of rainfall can help to refill retention ponds to the high water mark from their previously low winter levels. Rainfall has the ability to flush out these systems at first, but as the rains continue the build up of excess nutrients such as Nitrogen and Phosphorous entering the  waterway via stormwater runoff also continues. High nutrient loading, coupled with intense sunlight and warm water presents the perfect combination to fuel algae growth. Algae is the most common maintenance concern for most communities and it often reaches a peak  during the summer. All sites will be monitored for algal development and treated as observed.

Continue routine maintenance.
Continue targeting undesirable shoreline growth in all sites.
Monitor and manage all sites for the presence of submersed weeds and algae.

Thank You for Choosing Aquatic Systems Inc.!!!

Bexley Del Webb	7/15/2019

Tab 5

Del-Webb Bexley
Community Development District
Delwebbbexleycdd.org

Adopted Proposed Budget for Fiscal Year 2019/2020 Presented by: Rizzetta & Company, Inc.

27150 Citrus Park Lane Suite 115
Tampa, Florida 33625
Phone: 813-933-5571

rizzetta.com

Table of Contents

Page

General Fund Budget Account Category Descriptions	1	
Reserve Fund Budget Account Category Descriptions	7	

Debt Service Fund Budget Account Category Descriptions	8	
General Fund Budget for Fiscal Year 2019/2020	9	
Reserve Fund for Fiscal Year 2019/2020	11	
Debt Service Fund Budget for Fiscal Year 2019/2020	12	
Assessments Charts for Fiscal Year 2019/2020	13	

1

GENERAL FUND BUDGET ACCOUNT CATEGORY DESCRIPTION

The General Fund Budget Account Category Descriptions are subject to change at any time depending on its application to the District. Please note, not all General Fund Budget Account Category Descriptions are applicable to the District indicated above. Uses of the descriptions contained herein are intended for general reference.

REVENUES:

Interest Earnings: The District may earn interest on its monies in the various operating accounts.

Tax Roll: The District levies Non-Ad Valorem Special Assessments on all of the assessable property within the District to pay for operating expenditures incurred during the Fiscal Year. The assessments may be collected in two ways. The first is by placing them on the County’s Tax Roll, to be collected with the County’s Annual Property Tax Billing. This method is only available to land properly platted within the time limits prescribed by the County.

Off Roll: For lands not on the tax roll and that is by way of a direct bill from the District to the appropriate property owner.

Developer Contributions: The District may enter into a funding agreement and receive certain prescribed dollars from the Developer to off-set expenditures of the District.

Event Rental: The District may receive monies for event rentals for such things as weddings, birthday parties, etc.

Miscellaneous Revenues: The District may receive monies for the sale or provision of electronic access cards, entry decals etc.

Facilities Rentals: The District may receive monies for the rental of certain facilities by outside sources, for such items as office space, snack bar/restaurants etc.

EXPENDITURES – ADMINISTRATIVE:

Supervisor Fees: The District may compensate its supervisors within the appropriate statutory limits of $200.00 maximum per meeting within an annual cap of $4,800.00 per supervisor.

Administrative Services: The District will incur expenditures for the day to today operation of District matters. These services include support for the District Management function, recording and preparation of meeting minutes, records retention and maintenance in accordance with

2

Chapter 119, Florida Statutes, and the District’s adopted Rules of Procedure, preparation and delivery of agenda, overnight deliveries, facsimiles and phone calls.

District Management: The District as required by statute, will contract with a firm to provide for management and administration of the District’s day to day needs. These services include the conducting of board meetings, workshops, overall administration of District functions, all required state and local filings, preparation of annual budget, purchasing, risk management, preparing various resolutions and all other secretarial duties requested by the District throughout the year is also reflected in this amount.

District Engineer: The District’s engineer provides general engineering services to the District. Among these services are attendance at and preparation for monthly board meetings, review of construction invoices and all other engineering services requested by the district throughout the year.

Disclosure Report: The District is required to file quarterly and annual disclosure reports, as required in the District’s Trust Indenture, with the specified repositories. This is contracted out to a third party in compliance with the Trust Indenture.

Trustee’s Fees: The District will incur annual trustee’s fees upon the issuance of bonds for the oversight of the various accounts relating to the bond issues.

Assessment Roll: The District will contract with a firm to maintain the assessment roll and annually levy a Non-Ad Valorem assessment for operating and debt service expenses.

Financial & Revenue Collections: Services include all functions necessary for the timely billing and collection and reporting of District assessments in order to ensure adequate funds to meet the District’s debt service and operations and maintenance     obligations.  These services include, but are not limited to, assessment roll preparation and certification, direct billings and funding request processing as well as responding to property owner questions regarding District assessments. This line item also includes the fees incurred for a Collection Agent to collect the funds for the principal and interest payment for its short-term bond issues and any other bond related collection needs. These funds are collected as prescribed in the Trust Indenture. The Collection Agent also provides for the release of liens on property after the full collection of bond debt levied on particular properties.

Accounting Services: Services include the preparation and delivery of the District’s financial statements in accordance with Governmental Accounting Standards, accounts payable and accounts receivable functions, asset tracking, investment tracking, capital program administration and requisition processing, filing of annual reports required by the State of Florida and monitoring of trust account activity.

Auditing Services: The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting firm, once it reaches certain revenue and expenditure levels, or has issued bonds and incurred debt.

Arbitrage Rebate Calculation: The District is required to calculate the interest earned from bond

3

proceeds each year pursuant to the Internal Revenue Code of 1986. The Rebate Analyst is required to verify that the District has not received earnings higher than the yield of the bonds.

Travel: Each Board Supervisor and the District Staff are entitled to reimbursement for travel expenses per Florida Statutes 190.006(8).

Public Officials Liability Insurance: The District will incur expenditures for public officials’ liability insurance for the Board and Staff.

Legal Advertising: The District will incur expenditures related to legal advertising. The items for which the District will advertise include, but are not limited to meeting schedules, special meeting notices, and public hearings, bidding etc. for the District based on statutory guidelines

Bank Fees: The District will incur bank service charges during the year.

Dues, Licenses & Fees: The District is required to pay an annual fee to the Department of Economic Opportunity, along with other items which may require licenses or permits, etc.

Miscellaneous Fees: The District could incur miscellaneous throughout the year, which may not fit into any standard categories.

Website Hosting, Maintenance and Email: The District may incur fees as they relate to the development and ongoing maintenance of its own website along with possible email services if requested.

District Counsel: The District’s legal counsel provides general legal services to the District. Among these services are attendance at and preparation for monthly board meetings, review of operating and maintenance contracts and all other legal services requested by the district throughout the year.

EXPENDITURES - FIELD OPERATIONS:

Deputy Services: The District may wish to contract with the local police agency to provide security for the District.

Security Services and Patrols: The District may wish to contract with a private company to provide security for the District.

Electric Utility Services: The District will incur electric utility expenditures for general purposes such as irrigation timers, lift station pumps, fountains, etc.

Street Lights: The District may have expenditures relating to street lights throughout the community. These may be restricted to main arterial roads or in some cases to all street lights within the District’s boundaries.

4

Utility - Recreation Facility: The District may budget separately for its recreation and or amenity electric separately.

Gas Utility Services: The District may incur gas utility expenditures related to district operations at its facilities such as pool heat etc.

Garbage - Recreation Facility: The District will incur expenditures related to the removal of garbage and solid waste.

Solid Waste Assessment Fee: The District may have an assessment levied by another local government for solid waste, etc.

Water-Sewer Utility Services: The District will incur water/sewer utility expenditures related to district operations.

Utility - Reclaimed: The District may incur expenses related to the use of reclaimed water for irrigation.

Aquatic Maintenance: Expenses related to the care and maintenance of the lakes and ponds for the control of nuisance plant and algae species.

Fountain Service Repairs & Maintenance: The District may incur expenses related to maintaining the fountains within throughout the Parks & Recreational areas

Lake/Pond Bank Maintenance: The District may incur expenditures to maintain lake banks, etc. for the ponds and lakes within the District’s boundaries, along with planting of beneficial aquatic plants, stocking of fish, mowing and landscaping of the banks as the District determines necessary.

Wetland Monitoring & Maintenance: The District may be required to provide for certain types of monitoring and maintenance activities for various wetlands and waterways by other governmental entities.

Mitigation Area Monitoring & Maintenance: The District may be required to provide for certain types of monitoring and maintenance activities for various mitigation areas by other governmental entities.

Aquatic Plant Replacement: The expenses related to replacing beneficial aquatic plants, which may or may not have been required by other governmental entities.

General Liability Insurance: The District will incur fees to insure items owned by the District for its general liability needs

Property Insurance: The District will incur fees to insure items owned by the District for its property needs

Entry and Walls Maintenance: The District will incur expenditures to maintain the entry monuments and the fencing.

5

Landscape Maintenance: The District will incur expenditures to maintain the rights-of-way, median strips, recreational facilities including pond banks, entryways, and similar planting areas within the District. These services include but are not limited to monthly landscape maintenance, fertilizer, pesticides, annuals, mulch, and irrigation repairs.

Irrigation Maintenance: The District will incur expenditures related to the maintenance of the irrigation systems.

Irrigation Repairs: The District will incur expenditures related to repairs of the irrigation systems.

Landscape Replacement: Expenditures related to replacement of turf, trees, shrubs etc.

Field Services: The District may contract for field management services to provide landscape maintenance oversight.

Miscellaneous Fees: The District may incur miscellaneous expenses that do not readily fit into defined categories in field operations.

Gate Phone: The District will incur telephone expenses if the District has gates that are to be opened and closed.

Street/Parking Lot Sweeping: The District may incur expenses related to street sweeping for roadways it owns or are owned by another governmental entity, for which it elects to maintain.

Gate Facility Maintenance: Expenses related to the ongoing repairs and maintenance of gates owned by the District if any.

Sidewalk Repair & Maintenance: Expenses related to sidewalks located in the right of way of streets the District may own if any.

Roadway Repair & Maintenance: Expenses related to the repair and maintenance of roadways owned by the District if any.

Employees - Salaries: The District may incur expenses for employees/staff members needed for the recreational facilities such as Clubhouse Staff.

Employees - P/R Taxes: This is the employer’s portion of employment taxes such as FICA etc.

Employee - Workers’ Comp: Fees related to obtaining workers compensation insurance.

Management Contract: The District may contract with a firm to provide for the oversight of its recreation facilities.

Maintenance & Repair: The District may incur expenses to maintain its recreation facilities.

Facility Supplies: The District may have facilities that required various supplies to operate.

6

Gate Maintenance & Repairs: Any ongoing gate repairs and maintenance would be included in this line item.

Telephone, Fax, Internet: The District may incur telephone, fax and internet expenses related to the recreational facilities.

Office Supplies: The District may have an office in its facilities which require various office related supplies.

Clubhouse - Facility Janitorial Service: Expenses related to the cleaning of the facility and related supplies.

Pool Service Contract: Expenses related to the maintenance of swimming pools and other water features.

Pool Repairs: Expenses related to the repair of swimming pools and other water features.

Security System Monitoring & Maintenance: The District may wish to install a security system for the clubhouse

Clubhouse Miscellaneous Expense: Expenses which may not fit into a defined category in this section of the budget

Athletic/Park Court/Field Repairs: Expense related to any facilities such as tennis, basketball etc.

Trail/Bike Path Maintenance: Expenses related to various types of trail or pathway systems the District may own, from hard surface to natural surfaces.

Special Events: Expenses related to functions such as holiday events for the public enjoyment

Miscellaneous Fees:	Monies collected and allocated for fees that the District could incur throughout the year, which may not fit into any standard categories.

Miscellaneous Contingency: Monies collected and allocated for expenses that the District could incur throughout the year, which may not fit into any standard categories.

Capital Outlay:	Monies collected and allocated for various projects as they relate to public improvements.

7

RESERVE FUND BUDGET ACCOUNT CATEGORY DESCRIPTION

The Reserve Fund Budget Account Category Descriptions are subject to change at any time depending on its application to the District. Please note, not all Reserve Fund Budget Account Category Descriptions are applicable to the District indicated above. Uses of the descriptions contained herein are intended for general reference.

REVENUES:

Tax Roll: The District levies Non-Ad Valorem Special Assessments on all of the assessable property within the District to pay for operating expenditures incurred during the Fiscal Year. The assessments may be collected in two ways. The first is by placing them on the County’s Tax Roll, to be collected with the County’s Annual Property Tax Billing. This method is only available to land properly platted within the time limits prescribed by the County.

Off Roll: For lands not on the tax roll and that is by way of a direct bill from the District to the appropriate property owner.

Developer Contributions: The District may enter into a funding agreement and receive certain prescribed dollars from the Developer to off-set expenditures of the District.

Miscellaneous Revenues: The District may receive monies for the sale or provision of electronic access cards, entry decals etc.

EXPENDITURES:

Capital Reserve: Monies collected and allocated for the future repair and replacement of various capital improvements such as club facilities, swimming pools, athletic courts, roads, etc.

Capital Outlay:	Monies collected and allocated for various projects as they relate to public improvements.

8

DEBT SERVICE FUND BUDGET ACCOUNT CATEGORY DESCRIPTION
The Debt Service Fund Budget Account Category Descriptions are subject to change at any time depending on its application to the District. Please note, not all Debt Service Fund Budget Account Category Descriptions are applicable to the District indicated above. Uses of the descriptions contained herein are intended for general reference.

REVENUES:

Special Assessments: The District may levy special assessments to repay the debt incurred by the sale of bonds to raise working capital for certain public improvements. The assessments may be collected in the same fashion as described in the Operations and Maintenance Assessments.

EXPENDITURES – ADMINISTRATIVE:

Bank Fees: The District may incur bank service charges during the year.

Debt Service Obligation: This would a combination of the principal and interest payment to satisfy the annual repayment of the bond issue debt.

9
Adopted Proposed Budget
Del Webb Bexley Community Development District General Fund
Fiscal Year 2019/2020

Chart of Accounts Classification	
Actual YTD through 03/31/19	
Projected Annual Totals 2018/2019	
Annual Budget for 2018/2019	
Projected Budget variance for 2018/2019	

Budget for 2019/2020	Budget Increase (Decrease) vs    2018/2019	

Comments	
1									
2	REVENUES								
3									
14	Special Assessments								
15	Tax Roll*	$	-	$	-	$	-	$	-	$	-	$	-		
17	Off Roll*	$	-	$	-	$	-	$	-	$	-	$	-		
19	Developer Contributions	$	47,025	$	94,050	$ 212,825	$	-	$ 207,471	$	(5,354)	Decrease	
31									
32	TOTAL REVENUES	$	47,025	$	94,050	$ 212,825	$	-	$ 207,471	$	(5,354)		
33									
35									
36	TOTAL REVENUES AND BALANCE FORWARD	$	47,025	$	94,050	$ 212,825	$	-	$ 207,471	$	(5,354)		
37									
38	*Allocation of assessments between the Tax Roll and Off Roll are estimates only and subject to change prior to certification.		
39									
40	EXPENDITURES - ADMINISTRATIVE								
41									
42	Legislative								
43	Supervisor Fees	$	-	$	-	$	-	$	-	$	-	$	-		
44	Financial & Administrative								
45	Administrative Services	$	1,800	$	3,600	$	4,500	$	900	$	4,500	$	-	Increase for bond issuance	
46	District Management	$	10,050	$	20,100	$	20,100	$	-	$	20,100	$	-	Increase for bond issuance	
47	District Engineer	$	-	$	-	$	12,000	$	12,000	$	12,000	$	-		
48	Disclosure Report	$	-	$	-	$	5,000	$	5,000	$	5,000	$	-	Fee for first bond issuance	
49	Trustees Fees	$	-	$	-	$	5,000	$	5,000	$	5,000	$	-		
50	Assessment Roll	$	-	$	-	$	5,000	$	5,000	$	5,000	$	-	Increase for bond issuance	
51	Financial & Revenue Collections	$	1,800	$	3,600	$	3,600	$	-	$	3,600	$	-		
52	Accounting Services	$	6,000	$	12,000	$	18,000	$	6,000	$	18,000	$	-	Increase for bond issuance	
53	Auditing Services	$	-		$	6,000	$	6,000	$	3,800	$	(2,200)	Per contract with Grau	
54	Arbitrage Rebate Calculation	$	-		$	750	$	750	$	750	$	-		
55	Miscellaneous Mailings	$	-	$	-	$	1,500	$	1,500	$	750	$	(750)	Did not have any last year	
59	Public Officials Liability Insurance	$	2,250	$	4,500	$	5,000	$	500	$	2,475	$	(2,525)	Per EGIS	
60	Legal Advertising	$	478	$	956	$	5,000	$	4,044	$	3,500	$	(1,500)		
62	Dues, Licenses & Fees	$	175	$	175	$	175	$	-	$	175	$	-		
63	Miscellaneous Fees	$	1,450	$	2,900	$	10,000	$	7,100	$	7,500	$	(2,500)	Do you want to leave?	
65	ADA Website Compliance	$	-		$	-	$	-	$	10,000	$	10,000		
66	Website Hosting, Maintenance, Backup (and	$	600	$	1,200	$	1,200	$	-	$	1,200	$	-	Website services only no email	
67	Legal Counsel								
68	District Counsel	$	6,748	$	13,496	$	20,000	$	6,504	$	15,000	$	(5,000)		
74	Administrative Subtotal	$	31,351	$	62,527	$ 122,825	$	60,298	$ 118,350	$	(4,475)		
75									
76	EXPENDITURES - FIELD OPERATIONS								
77									
111	Stormwater Control								
115	Lake/Pond Bank Maintenance	$	1,317	$	2,634	$	25,000	$	22,366	$	25,000	$	-	$15804 per contract- any more coming on?	
131	Property Insurance	$	4,928	$	4,928	$	10,000	$	5,072	$	2,396	$	(7,604)	Per EGIS	
134	General Liability Insurance	$	-	$	-	$	-	$	-	$	3,025	$	3,025	Per EGIS	
135	Landscape Maintenance	$	-	$	-	$	25,000	$	25,000	$	25,000	$	-	HOA Agreement 12098/ annum- 1008/monthly	
217	Fountain Maintenance	$	-	$	-	$	-	$	-	$	3,700	$	3,700	Per conversation with Aaron- increase for 5 fountains	
218	Contingency								
220	Miscellaneous Contingency	$	-	$	-	$	30,000	$	30,000	$	30,000	$	-		
223									
224	Field Operations Subtotal	$	6,245	$	7,562	$	90,000	$	82,438	$	89,121	$	(879)		
225									
227									
228	TOTAL EXPENDITURES	$	37,596	$	70,089	$ 212,825	$ 142,736	$ 207,471	$	(5,354)		
229									
230	EXCESS OF REVENUES OVER EXPENDITURES	$	9,429	$	23,961	$	-	$ 142,736	$	-	$	-		
231									

10

Budget Template DEL WEBB BEXLEY CDD
Debt Service Fiscal Year 2019/2020

Chart of Accounts Classification	Series 2018	Budget for 2019/2020	
			
REVENUES			
Special Assessments			
Net Special Assessments	$692,522.88	$692,522.88	
			
TOTAL REVENUES	$692,522.88	$692,522.88	

EXPENDITURES			
Administrative			
Financial & Administrative			
			
Debt Service Obligation	$692,522.88	$692,522.88	
Administrative Subtotal	$692,522.88	$692,522.88	
			
TOTAL EXPENDITURES	$692,522.88	$692,522.88	
			
EXCESS OF REVENUES OVER EXPENDITURES	$0.00	$0.00	

County Collection Costs (2%) and Early payment Discounts (4%)	6.0%

Gross assessments	$736,100.00

Notes:
Tax Roll Collection Costs (2%) and Early Payment Discount (4%) for Pasco County is 6.0% of Tax Roll. Budgeted net of tax roll assessments. See Assessment Table.

11

DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT	
FISCAL YEAR 2019/2020 O&M & DEBT SERVICE ASSESSMENT SCHEDULE	
2019/2020 O&M Budget		$207,471.00			
Collection Cost and Early Payment Discount @	2%	$4,414.28			
Early Payment Discount @	4%	$8,828.55			
2019/2020 Total:		$220,713.83			

2018/2019 O&M Budget		
$212,825.00			
2019/2020 O&M Budget		$207,471.00			
Total Difference:		-$5,354.00			

PER UNIT ANNUAL ASSESSMENT	
Proposed Increase / Decrease	
	2018/2019	2019/2020	$	%	
2018 Debt Service - Single Family 40'	$0.00	$680.00	$680.00	100.00%	
Operations/Maintenance - Single Family 40'	$0.00	$373.86	$373.86	100.00%	
Total	$0.00	$1,053.86	$1,053.86	100.00%	

2018 Debt Service - Single Family 50'	

$0.00	

$850.00	

$850.00	

100.00%	
Operations/Maintenance - Single Family 50'	$0.00	$373.86	$373.86	100.00%	
Total	$0.00	$1,223.86	$1,223.86	100.00%	

2018 Debt Service - Single Family 65'	

$0.00	

$1,105.00	

$1,105.00	

100.00%	
Operations/Maintenance - Single Family 65'	$0.00	$373.86	$373.86	100.00%	
Total	$0.00	$1,478.86	$1,478.86	100.00%	

2016 Debt Service - Single Family 40' (Unplatted)	

$0.00	

$680.00	

$680.00	

100.00%	
Operations/Maintenance - 40 Series	$0.00	$148.12	$148.12	100.00%	
Total	$0.00	$828.12	$828.12	100.00%	

2016 Debt Service - Single Family 50' (Unplatted)	

$0.00	

$850.00	

$850.00	

100.00%	
Operations/Maintenance - 50 Series	$0.00	$148.12	$148.12	100.00%	
Total	$0.00	$998.12	$998.12	100.00%	

2016 Debt Service - Single Family 65' (Unplatted)	

$0.00	

$1,105.00	

$1,105.00	

100.00%	
Operations/Maintenance - 65 Series	$0.00	$148.12	$148.12	100.00%	
Total	$0.00	$1,253.12	$1,253.12	100.00%	

Administrative Budget Collection Costs @
Early Payment Discounts @ Total Admin Budget	

DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020 OPERATIONS AND MAINTENANCE TABLE

$118,350.00	Field Field Budget 2%	$2,518.09	Collection Costs @
4%	$5,036.17	Early Payment Discounts @

$125,904.26	Total Platted Field Budget	

2%
4%	

$89,121.00
$1,896.19
$3,792.38

$94,809.57	12	

LOT SIZE
Platted
Single Family 40'
Single Family 50'
Single Family 65'
Total Platted Unplatted
Single Family 40'
Single Family 50'
Single Family 65'

Total Unplatted	UNITS ASSESSED

Series 2018 (1)
O&M	Debt Units

96	95
213	220
111	110

420	425

107	107
244	240
79	78

430	425	PER LOT ANNUAL ASSESSMENT	
		Series 2018	
		O&M (2)	Debt Service (3)	Total	
		$373.86	$680.00	$1,053.86	
		$373.86	$850.00	$1,223.86	
		$373.86	$1,105.00	$1,478.86	

$148.12	$680.00	$828.12	
		$148.12	$850.00	$998.12	
		$148.12	$1,105.00	$1,253.12	

Total Community	 	850	850	

LESS: Pasco County Collection Costs (2%) and Early Payment Discount (4%)

Net Revenue to be Collected

(1) Reflects the number of total lots with Series 2018 debt outstanding.

(2) Annual assessment that will appear on November 2019 Pasco County property tax bill. Amount shown includes all applicable collection costs. Property owner is eligible for a discount of up to 4% if paid early.

(3) Annual debt service assessment per lot adopted in connection with the Series 2018 bond issue. Annual assessment includes principal, interest, Pasco County collection costs (2%) and early payment discount of up to 4% if paid early.	

	Allocation of Admin Assessment		
	TOTAL	% TOTAL	AMOUNT	ADMIN	
UNITS	EAU's	EAU's	PER PARCEL	PER LOT	
96	96.00	11.29%	$14,219.77	$148.12	
213	213.00	25.06%	$31,550.13	$148.12	
111	111.00	13.06%	$16,441.61	$148.12	
420	420.00	49.41%	$62,211.51		

107	

107.00	12.59%	$15,849.12	

$148.12	
244	244.00	28.71%	$36,141.93	$148.12	
79	79.00	9.29%	$11,701.69	$148.12	
430	430.00	50.59%	$63,692.74		
		
850	850.00	100.00%	$125,904.26		
	
($7,554.26)		
	$118,350.00		

	Allocation of Platted Field Assessment		
	TOTAL	% TOTAL	AMOUNT	FIELD	
UNITS	EAU's	EAU's	PER PARCEL	PER LOT	
96	96.00	22.86%	$21,670.76	$225.74	
213	213.00	50.71%	$48,082.00	$225.74	
111	111.00	26.43%	$25,056.82	$225.74	
420	420.00	100.00%	$94,809.57		

0	

0.00	0.00%	$0.00	

$0.00	
0	0.00	0.00%	$0.00	$0.00	
0	0.00	0.00%	$0.00	$0.00	
0	0.00	0.00%	$0.00		
		
420	420.00	100.00%	$94,809.57		
	
($5,688.57)		
	$89,121.00		

Tab 6

RESOLUTION 2019-06

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

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

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

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

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

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

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

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. BUDGET

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

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

The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Del Webb Bexley Community Development District for the Fiscal Year Ending September 30, 2020.”

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

SECTION 2. APPROPRIATIONS

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

TOTAL GENERAL FUND	$ 	

DEBT SERVICE FUND - (SERIES 2018)	$ 	

TOTAL ALL FUNDS	$ 	

SECTION 3. BUDGET AMENDMENTS

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

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

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

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

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

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

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

PASSED AND ADOPTED THIS 24th DAY OF JULY, 2019.

ATTEST:	DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary

By:	 Its: 	

Exhibit A: Fiscal Year 2019/2020 Budget

Tab 7

RESOLUTION 2019-07

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2019/2020; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS, INCLUDING BUT NOT LIMITED TO PENALTIES AND INTEREST THEREON; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

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

WHEREAS, the District is located in Pasco County, Florida (“County”); and

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

WHEREAS, the Board of Supervisors (“Board”) of the District hereby determines to undertake various operations and maintenance and other activities described in the District’s budget (“Adopted Budget”) for the fiscal year beginning October 1, 2019 and ending September 30, 2020 (“Fiscal Year 2019/2020”), attached hereto as Exhibit “A;” and

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

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

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

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

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

1

WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to which such special assessments may be placed on the tax roll and collected by the local tax collector (“Uniform Method”), and the District has previously authorized the use of the Uniform Method by, among other things, entering into agreements with the Property Appraiser and Tax Collector of the County for that purpose; and

WHEREAS, it is in the best interests of the District to adopt the assessment roll (“Assessment Roll”) attached to this Resolution as Exhibit “B,” and to certify the portion of the Assessment Roll related to certain developed property (“Tax Roll Property”) to the County Tax Collector pursuant to the Uniform Method and to directly collect the portion of the Assessment Roll relating to the remaining property (“Direct Collect Property”), all as set forth in Exhibit “B;” and

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

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT:

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

SECTION 2. ASSESSMENT IMPOSITION. Pursuant to Chapter 190, Florida Statutes, and using the procedures authorized by Florida law for the levy and collection of special assessments, a special assessment for operation and maintenance is hereby imposed and levied on benefitted lands within the District and in accordance with Exhibits “A” and “B.” The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be effective upon passage of this Resolution. Moreover, pursuant to Section 197.3632(4), Florida Statutes, the lien amount shall serve as the “maximum rate” authorized by law for operation and maintenance assessments.

SECTION 3. COLLECTION AND ENFORCEMENT; PENALTIES; INTEREST.

Tax Roll Assessments. The operations and maintenance special assessments and previously levied debt service special assessments imposed on the Tax Roll Property shall be collected at the same time and in the same manner as County taxes in accordance with the Uniform Method, as set forth in Exhibits “A” and “B.”

Direct Bill Assessments. The operations and maintenance special assessments and previously levied debt service special assessments imposed on the Direct Collect

2

Property shall be collected directly by the District in accordance with Florida law, as set forth in Exhibits “A” and “B.” Assessments directly collected by the District are due in full on December 1, 2019; provided, however, that, to the extent permitted by law, the assessments due may be paid in several partial, deferred payments and according to the following schedule: 50% due no later than December 1, 2019, 25% due no later than February 1, 2020 and 25% due no later than May 1, 2020. In the event that an assessment payment is not made in accordance with the schedule stated above, the whole assessment – including any remaining partial, deferred payments for Fiscal Year 2019/2020, shall immediately become due and payable; shall accrue interest, penalties in the amount of one percent (1%) per month, and all costs of collection and enforcement; and shall either be enforced pursuant to a foreclosure action, or, at the District’s sole discretion, collected pursuant to the Uniform Method on a future tax bill, which amount may include penalties, interest, and costs of collection and enforcement. Any prejudgment interest on delinquent assessments shall accrue at the rate of any bonds secured by the assessments, or at the statutory prejudgment interest rate, as applicable. In the event an assessment subject to direct collection by the District shall be delinquent, the District Manager and District Counsel, without further authorization by the Board, may initiate foreclosure proceedings pursuant to Chapter 170, Florida Statutes, or other applicable law to collect and enforce the whole assessment, as set forth herein.

Future Collection Methods. The decision to collect special assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.

SECTION 4. ASSESSMENT ROLL. The Assessment Roll, attached to this Resolution as Exhibit “B,” is hereby certified for collection. That portion of the Assessment Roll which includes the Tax Roll Property is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County taxes. The proceeds therefrom shall be paid to the District.

SECTION 5. ASSESSMENT ROLL AMENDMENT. The District Manager shall keep apprised of all updates made to the County property roll by the Property Appraiser after the date of this Resolution, and shall amend the Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County property roll. After any amendment of the Assessment Roll, the District Manager shall file the updates in the District records.

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

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

3

PASSED AND ADOPTED this 24th day of July, 2019.

ATTEST:	DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairman, Board of Supervisors

Exhibit A:	Budget
Exhibit B:	Assessment Roll (Uniform Method) Assessment Roll (Direct Collect)

4

Tab 8

RESOLUTION 2018-08

A RESOLUTION OF THE DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT ADOPTING THE ANNUAL MEETING SCHEDULE FOR FISCAL YEAR 2019/2020

WHEREAS, the Bexley Community Development District (the "District") is a local unit of special-purpose government organized and existing in accordance with Chapter 190, Florida Statutes, and situated entirely within Pasco County, Florida; and

WHEREAS, the District is required by Florida law to prepare an annual schedule of its regular public meetings which designates the date, time and location of the District’s meetings; and

WHEREAS, the Board has proposed the Fiscal Year 2019/2020 annual meeting schedule as attached in Exhibit A;

NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE BEXLEY COMMUNITY DEVELOPMENT DISTRICT

The Fiscal Year 2019/2020 annual public meeting schedule attached hereto and incorporated by reference herein as Exhibit A is hereby approved and will be published and filed in accordance with the requirements of Florida law.

This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED this 24th day of July, 2019.

ATTEST:	DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairman, Board of Supervisors

EXHIBIT “A”
BOARD OF SUPERVISORS’ MEETING DATES
DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020

October 23, 2019
November 20, 2019 (Date adjusted due to Holiday)
December 18, 2019 *4:00 p.m. (Date adjusted due to Holiday) January 22, 2020
February 26, 2020 *4:00 p.m.
March 25, 2020
April 22, 2020
May 27, 2020 *4:00 p.m.
June 24, 2020
July 22, 2020 *4:00 p.m.
August 26, 2020
September 23, 2020

Meetings will convene at 2:00 p.m. except for December, February, May and July will convene at *4:00 p.m.at the office of Rizzetta & Company, Inc., located at 5844 Old Pasco Road, Suite 100, Wesley Chapel, FL 33544. The July meeting will convene at *4:00 p.m. at The Bexley Club, located at 16950 Vibrant Way, Land O’ Lakes, FL 34638.

Tab 9

DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020 BUDGET FUNDING AGREEMENT

This Agreement (the “Agreement”) is made and entered into this 	day of
 	, 2019, by and between:

Del Webb Bexley Community Development District, a local unit of special- purpose government established pursuant to Chapter 190, Florida Statutes, and located in Pasco County, Florida ("District"), and

NNP-Bexley, LLC, a Florida limited liability company and the developer of the lands in the District ("Developer") with a mailing address of 777 S. Harbour Island Blvd., Suite 320, Tampa, Florida 33602.

Recitals

WHEREAS, the District was established by an ordinance adopted by the County Commission of Pasco County, Florida, for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure; and

WHEREAS, the District, pursuant to Chapter 190, Florida Statutes, is authorized to levy such taxes, special assessments, fees and other charges as may be necessary in furtherance of the District's activities and services; and

WHEREAS, Developer presently is developing the majority of all real property (“Property”) within the District, which Property will benefit from the timely construction and acquisition of the District's facilities, activities and services and from the continued operations of the District; and

WHEREAS, the District is adopting its general fund budget for Fiscal Year 2019/2020, which year will commence October 1, 2019, and concludes on September 30, 2020 (the “FY 2020 Budget”); and

WHEREAS, the FY 2020 Budget, which both parties recognize may be amended from time to time in the sole discretion of the District, is attached hereto and incorporated herein by reference as Exhibit A; and

WHEREAS, the District has the option of levying non-ad valorem assessments on all land, including the Property owned by the Developer, that will benefit from the activities, operations and services set forth in the FY 2020 Budget, or utilizing such other revenue sources as may be available to it; and

WHEREAS, due to the nature of the ownership of the Property, the District is not able to predict with absolute certainty the amount of monies necessary to fund the District’s activities, operations and services set forth in the FY 2020 Budget; and

1

WHEREAS, in contemplation of the foregoing, and in lieu of levying an increased amount of O&M assessments on the Property to fund the FY 2020 Budget, the Developer is willing to provide such funds as are necessary to allow the District to proceed with its operations as described in Exhibit A; and

WHEREAS, the Developer agrees that the activities, operations and services provide a special and peculiar benefit equal to or in excess of the costs reflected on Exhibit A to the Property; and

WHEREAS, the Developer has agreed to enter into this Agreement in lieu of having the District levy and collect any non-ad valorem assessments as authorized by law against the Property located within the District for the activities, operations and services set forth in Exhibit A;

NOW, THEREFORE, based upon good and valuable consideration and the mutual covenants of the parties, the receipt of which and sufficiency of which are hereby acknowledged, the parties agree as follows:

SECTION 1.  The Developer agrees to make available to the District the 	% of any monies necessary to fund any deficits in funding of the FY 2020 Budget beyond the $37,500 of deficit funding which shall be provided by Pulte Home Company, LLC, as described in such separate funding agreement dated 	, 2019, necessary for the operation of the District, as called for in the FY 2020 Budget attached hereto as Exhibit A, within fifteen (15) days of written request by the District. Amendments to the FY 2020 Budget as shown on Exhibit A adopted by the District at a duly noticed meeting shall have the effect of amending this Agreement without further action of the parties. Funds provided hereunder shall be placed in the District's general checking account. In no way shall the foregoing in any way affect the District’s ability to levy special assessments upon the property within the District, including the Property, in accordance with Florida law, to provide funds for any unfunded expenditures whether such expenditures are the result of an amendment to the District’s FY 2020 Budget or otherwise. These payments are made by Developer in lieu of operation and maintenance assessments which might otherwise be levied or imposed by the District.

SECTION 2. The District shall have the right to file a continuing lien (the “Lien”) upon the Property described in Exhibit B for all payments due and owing under the terms of this Agreement and for interest thereon, and for reasonable attorneys’ fees, paralegals’ fees, expenses and court costs incurred by the District incident to the collection of funds under this Agreement or for enforcement of this Lien, and all sums advanced and paid by the District for taxes and payment on account of superior interests, liens and encumbrances in order to preserve and protect the District’s Lien. The Lien shall be effective as of the date and time of the recording of a “Notice of Lien for the FY 2020 Budget” in the public records of Pasco County, Florida, stating among other things, the description of the real property and the amount due as of the recording of the Notice, and the existence of this Agreement. The District Manager, in its sole discretion, is hereby authorized by the District to file the Notice of Lien for the FY 2020 Budget on behalf of the District, without the need of further Board action authorizing or directing such filing. At the District Manager’s direction, the District may also bring an action at law against the record title

2

holders to the Property to pay the amount due under this Agreement, or may foreclose the Lien against the Property in any manner authorized by law. The District may partially release any filed Lien for portions of the Property subject to a plat if and when the Developers have demonstrated, in the District’s sole discretion, such release will not materially impair the ability of the District to enforce the collection of funds hereunder. In the event the Developers sell any of the Property described in Exhibit B after the execution of this Agreement, the Developers’ rights and obligations under this Agreement shall remain the same, provided however that the District shall only have the right to file a Lien upon the remaining Property owned by the Developers.

SECTION 3. In the event Developer fails to make payments as and when due to the District pursuant to this Agreement, the District shall have the following remedies, in addition to other remedies available at law and equity:

At the Board’s direction, the District may bring an action at law against the record title holder to the Property to pay the amount due under this Agreement, or may foreclose the Lien against the Property in any manner authorized by law. The District may enforce the collection of funds due under this Agreement by action against Developer in the appropriate judicial forum in and for Pasco County, Florida. The enforcement of the collection of funds in this manner shall be in the sole discretion of the District Manager on behalf of the District.

The District hereby finds that the activities, operations and services set out in Exhibit A provide a special and peculiar benefit to the Property, which benefit is initially allocated on an equal developable acreage basis. Developer agrees that the activities, operations and services set forth in Exhibit A provide a special and peculiar benefit to the Property equal to or in excess of the costs set out in Exhibit A, on an equal developable acreage basis. Therefore, in the alternative, or in addition to the other methods of collection set forth in this Agreement, the District, in its sole discretion, may choose to certify amounts due hereunder as a non ad valorem assessment on all or any part of the Property for collection, either through the Uniform Method of Collection set forth in Chapter 197, Florida Statutes, or under any method of direct bill and collection authorized by Florida law. Such assessment, if imposed, may be certified on the next available tax roll of the Pasco County property appraiser. Developer hereby waives and/or relinquishes any rights it may have to challenge or object to such assessments if imposed, as well as the means of collection thereof.

SECTION 4. This instrument shall constitute the final and complete expression of the agreement between the parties relating to the subject matter of this Agreement. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both of the parties hereto.

SECTION 5. The execution of this Agreement has been duly authorized by the appropriate body or official of all parties hereto, each party has complied with all the requirements of law, and each party has full power and authority to comply with the terms and provisions of this instrument.

SECTION 6. This Agreement may be assigned, in whole or in part, by either party only upon the written consent of the other, which consent shall not be unreasonably withheld. In the

3

event that Developer sells or otherwise disposes of its business or of all or substantially all of its assets relating to the lands within the District, including the Property, Developer will expressly require that the purchaser agree to be bound by the terms of this Agreement. In the event of such sale or disposition, Developer may place into escrow an amount equal to the then unfunded portion of the adopted FY 2020 Budget to fund any budgeted expenses that may arise during the remainder of the fiscal year and provide the District evidence of assignment of this Agreement to the purchaser. Upon confirmation of the deposit of said funds into escrow, and evidence of such assignment to, and assumption by the purchaser, the Developer’s obligation under this Agreement shall be deemed fulfilled and this Agreement terminated with respect to Developer’s obligations. The parties hereto recognize that Developer is responsible for expenditures of the District in the FY 2020 Budget and that expenditures approved by the Board may exceed the amount adopted in the FY 2020 Budget. Developer shall notify the District in writing ninety (90) days prior to an anticipated sale or disposition of all or substantially all of the Property.

SECTION 7. A default by either party under this Agreement shall entitle the other to all remedies available at law or in equity, which shall include, but not be limited to, the right of damages, injunctive relief and specific performance and specifically including the ability of the District to enforce any and all payment obligations under this Agreement in the manner described in Paragraph 3 above.

SECTION 8. This Agreement is solely for the benefit of the parties hereto and no right or cause of action shall accrue upon or by reason hereof, to or for the benefit of any person or entity not a party hereto. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or entity other than the parties hereto any right, remedy or claim under or by reason of this Agreement or any provisions or conditions hereof; and all of the provisions, representations, covenants and conditions herein contained shall inure to the sole benefit of and shall be binding upon the parties hereto and their respective representatives, successors and assigns subject to the terms of Paragraph 6 above.

SECTION 9. This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida. Venue shall be in Pasco County, Florida.

SECTION 10. This Agreement has been negotiated fully between the parties as an arm's length transaction. The parties participated fully in the preparation of this Agreement with the assistance of their respective counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, the parties are each deemed to have drafted, chosen and selected the language, and the doubtful language will not be interpreted or construed against any party.

SECTION 11. The Agreement shall be effective as of October 1, 2019. The enforcement provisions of this Agreement shall survive its termination, until all payments due under this Agreement are paid in full.

SECTION 12. In the event that either party is required to enforce this Agreement by court proceedings or otherwise, then the parties agree that the substantially prevailing party shall be entitled to recover from the other all costs incurred, including reasonable attorneys' fees, paralegal

4

fees and expert witness fees and costs for trial, alternative dispute resolution, or appellate proceedings.

IN WITNESS WHEREOF, the parties execute this Agreement the day and year first written above.

ATTEST:	DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairman/Vice Chairman

NNP-BEXLEY, LLC
a Florida limited liability company

Witness	By: _ 	
Its:  	

Exhibit A:	Fiscal Year 2019/2020 General Fund Budget
Exhibit B:	Description of the Property

5

Exhibit A

Fiscal Year 2019/2020 General Fund Budget

6

Exhibit B

Description of the Property

7

Tab 10

FIRST AMENDMENT TO THE FISCAL YEAR 2018/2019 BUDGET FUNDING AGREEMENT BETWEEN DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT AND NNP-BEXLEY, LLC

THIS FIRST AMENDMENT (“First Amendment”), is made and entered effective as of the      day of 	, 2019 (“Effective Date”), by and between:

Del Webb Bexley Community Development District, a local unit of special- purpose government established pursuant to Chapter 190, Florida Statutes, and located in Pasco County, Florida ("District"), and

NNP-Bexley, LLC, a Florida limited liability company and the developer of the lands in the District ("Developer") with a mailing address of 777 S. Harbour Island Blvd., Suite 320, Tampa, Florida 33602, (the “Parties”).

RECITALS

WHEREAS, the District was established by an ordinance adopted by the County Commission of Pasco County, Florida, for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure; and

WHEREAS, the District has the option of levying non-ad valorem assessments on all land that will benefit from the activities, operations and services set forth in the Fiscal Year 2019/2020 budget, or utilizing such other revenue sources as may be available to it; and

WHEREAS, in lieu of levying assessments on the property, the District and Developer entered into that certain Budget Funding Agreement dated 	, 2018 (“Funding Agreement”), whereby the Developer agreed to contribute that portion of the total monies necessary to fund the District’s operation and maintenance budget which is attributable to the property owned by Developer; and

WHEREAS, as of May 10, 2019, the Developer sold certain acreage that is assigned 206 of the 850 total lots within the District; and

WHEREAS, the Parties desire to amend the Funding Agreement to reflect the decreased percentage of funds Developer will provide for the operation of the District due to the sale of such property.

NOW, THEREFORE, in consideration of the mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree to this First Amendment as follows:

INCORPORATION OF RECITALS. The recitals stated above are true and  correct and by this reference are incorporated by reference as a material part of this First Amendment.

Page 1 of 3

AMENDMENT TO SECTION 1 OF THE FUNDING AGREEMENT. Section 1 of the Funding Agreement is hereby amended to read as set forth below. Text indicated in  strikethrough type is deleted and text indicated by underline type is added.

SECTION 1. The Developer agrees to make available to the District the 49.25% of the monies necessary for the operation of the District, as called for in the FY 2019 Budget attached hereto as Exhibit A, within fifteen (15) days of written request by the District. Amendments to the FY 2019 Budget as shown on Exhibit A adopted by the District at a duly noticed meeting shall have the effect of amending this Agreement without further action of the parties. Funds provided hereunder shall be placed in the District's general checking account. In no way shall the foregoing in any way affect the District’s ability to levy special assessments upon the property within the District, including the Property, in accordance with Florida law, to provide funds for any unfunded expenditures whether such expenditures are the result of an amendment to the District’s FY 2019 Budget or otherwise. These payments are made by Developer in lieu of operation and maintenance assessments which might otherwise be levied or imposed by the District.

AFFIRMATION OF THE FUNDING AGREEMENT. The District and the Developer agree that nothing contained herein shall alter or amend the parties’ rights and responsibilities under the Funding Agreement, except to the extent set forth in Section 2 of this First Amendment. The Funding Agreement is hereby affirmed and continues to constitute a valid and binding agreement between the parties.

AUTHORIZATION. The execution of this First Amendment has been duly authorized by the appropriate body or official of the District and the Developer, both the District and the Developer have complied with all the requirements of law, and both the District and the Developer have full power and authority to comply with the terms and provisions of this instrument.

EFFECTIVE DATE. This First Amendment shall be effective after execution by both the District and the Developer.

COUNTERPARTS. This First Amendment may be executed in any number of counterparts, each of which when executed and delivered shall be an original; however, all such counterparts together shall constitute, but one and the same instrument. Signature and acknowledgment pages, if any, may be detached from the counterparts and attached to a single copy of this document to physically form one document.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

Page 2 of 3

IN WITNESS THEREOF, the parties execute this First Amendment effective as of the date and year first written above.

ATTEST:	DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

WITNESSES:	NNP-BEXLEY, LLC, a Florida limited liability company

 	

Print Name:  	

By:	 Its: 	

Page 3 of 3

Tab 11

FISCAL YEAR 2019/2020 DEFICIT FUNDING AGREEMENT

THIS AGREEMENT (“Agreement”) is made and entered into the    day of July, 2019, by     and between:

Del Webb Bexley Community Development District, a local unit of special- purpose government established pursuant to Chapter 190, Florida Statutes, being situated in Pasco County, Florida, and whose mailing address is c/o Rizzetta & Company, Inc., 5844 Old Pasco Road, Suite 100, Wesley Chapel, Florida 33544 (“District”); and

Pulte Home Company, LLC, a Delaware limited liability company, the owner of lands and primary developer of lands within the boundaries of the District and whose address is 2662 S. Falkenburg Road, Riverview, Florida 33578 (“Developer”).

RECITALS

WHEREAS, the District was established by ordinance of the Board of County Commissioners of Pasco County, Florida, for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure; and

WHEREAS, the District, pursuant to Chapter 190, Florida Statutes, is authorized to levy such taxes, special assessments, fees and other charges as may be necessary in furtherance of the District's activities and services; and

WHEREAS, the Board of Supervisors (“Board”) of the District will adopt the District’s operations and maintenance budget (“O&M Budget”) attached hereto as Exhibit A for the fiscal year ending September 30, 2020 (“FY 2019/2020”) and will levy special assessments (“O&M Assessments”) to fund a portion of the O&M Budget; and

WHEREAS, Developer is developing certain real property within the District and presently owns those lands identified in the District’s FY 2019/2020 Assessment Roll, attached to Exhibit A and incorporated herein by reference, which is located within the District and will benefit from the continued operations of the District (the “Property”); and

WHEREAS, the District shall collect pursuant to the property tax roll, O&M Assessments levied on all platted lots and the appropriate portion of the O&M Assessments levied on the undeveloped, unplatted lands; and

WHEREAS, in consideration for the District not levying additional O&M Assessments on the undeveloped lands, the Developer has agreed to pay the O&M Assessments levied on its properties, and additionally to fund any portion (“O&M Deficit”) of the O&M Budget needed by the District above and beyond the amount of the O&M Assessments actually collected on the tax roll.

NOW, THEREFORE, based upon good and valuable consideration and the mutual covenants of the parties, the receipt of which and sufficiency of which are hereby acknowledged, the parties agree as follows:

33514846 v1

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

FUNDING OBLIGATION.

Payment of O&M Budget Expenses. The Developer agrees to make available to the District monies necessary to fund any O&M Deficit for FY 2019/2020, up to $37,500, within thirty (30) days of written request by the District. Should the O&M Deficit for FY 2019/2020 exceed $37,500, the Developer agrees to provide 	% of such funds within thirty (30) days of written request by the District. The funds shall be placed in the District's general checking account and used to fund the actual administrative and operations expenses of the District’s O&M Budget. The Developer agrees to fund any O&M Deficit for actual expenses of the District and up to the total amount of the O&M Budget; provided, however, that the Developer shall not be responsible for any O&M Deficit resulting from amendments to the O&M Budget, unless the Developer approves of such amendments. The Developer’s payment of funds pursuant to this Agreement in no way affects Developer’s obligation to pay O&M Assessments levied on lands it owns within the District.  In no way shall the foregoing in any way affect the District’s ability to levy special assessments upon the lands within the District, including the Property, in accordance with Florida law, to provide funds for any unfunded expenditures whether such expenditures are the result of an amendment to the District’s FY 2019/2020 O&M Budget or otherwise.
Consent to Funding of O&M Budget. The Developer acknowledges and agrees that the O&M Budget Payment represents the funding of operations and maintenance expenditures that would otherwise be appropriately funded through O&M Assessments equitably allocated to the Property within the District in accordance with the District’s Assessment Methodology. Developer agrees to  pay, or caused to be paid, the O&M Deficit Payment regardless of whether Developer owns the Property at the time of such payment subject to the terms set forth in Section 9 herein. Developer agrees that it will not contest the legality or validity of such imposition, collection or enforcement to the extent such imposition is made in accordance with the terms of this Agreement.

CONTINUING LIEN. The District shall have the right to file a continuing lien upon the Property described in Exhibit A for all payments due and owing under the terms of this Agreement and for interest thereon, and for reasonable attorneys’ fees, paralegals’ fees, expenses and court costs incurred by the District incident to the collection of funds under this Agreement or for enforcement of this lien, and all sums advanced and paid by the District for taxes and payment on account of superior interests, liens and encumbrances in order to preserve and protect the District’s lien. The lien shall be effective as of the date and time of the recording of a “Notice of Lien for FY 2019/2020 O&M Budget” in the public records of Pasco County, Florida, stating among other things, the description of the real property and the amount due as of the recording of the Notice, and the existence of this Agreement. The District Manager, in its sole discretion, is hereby authorized by the District to file the Notice of Lien for FY 2019/2020 O&M Budget on behalf of the District, without the need of further Board action authorizing or directing such filing. At the District Manager’s direction, the District may also bring an action at law against the record title holder to the Property to pay the amount due under this Agreement, or may foreclose the lien against the Property in any manner authorized by law. The District may

33514846 v1

partially release any filed lien for portions of the Property subject to a plat if and when the Developer has demonstrated, in the District’s sole discretion, such release will not materially impair the ability of the District to enforce the collection of funds hereunder. In the event the Developer sells any of the Property described in Exhibit A after the execution of this Agreement, the Developer’s rights and obligations under this Agreement shall remain the same, provided however that the District shall only have the right to file a lien upon the remaining Property owned by the Developer.

ALTERNATIVE COLLECTION METHODS.

In the alternative or in addition to the collection method set forth in Section 3 above, the District may enforce the collection of the O&M Budget Payment(s) by action against the Developer in the appropriate judicial forum in and for Pasco County, Florida. The enforcement of the collection of funds in this manner shall be in the sole discretion of the District Manager on behalf of the District. In the event that either party is required to enforce this Agreement by court proceedings or otherwise, then the parties agree that the prevailing party shall be entitled to recover from the other all costs incurred, including reasonable attorneys’ fees and costs for trial, alternative dispute resolution, or appellate proceedings.

The District hereby finds that the activities, operations and services funded by the O&M Budget Payment(s) provide a special and peculiar benefit to the Property, which benefit is initially allocated on an equal developable acreage basis. The Developer agrees that the activities, operations and services that will be funded by the O&M Budget Payment(s) provide a special and peculiar benefit to the Property in excess of the costs thereof on an equal developable acreage basis. Therefore, in the alternative or in addition to the other methods of collection set forth in this Agreement, the District, in its sole discretion, may choose to certify amounts due hereunder as a non-ad valorem assessment on all or any part of the Property for collection, either through the Uniform Method of Collection set forth in Chapter 197 or under any method of direct bill and collection authorized by Florida law. Such assessment, if imposed, may be certified on the next available tax roll of the Pasco County property appraiser.

AMENDMENT. This instrument shall constitute the final and complete expression of the agreement between the parties relating to the subject matter of this Agreement. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both of the parties hereto.

AUTHORITY. The execution of this Agreement has been duly authorized by the appropriate body or official of all parties hereto, each party has complied with all the requirements of law, and each party has full power and authority to comply with the terms and provisions of this instrument.

ASSIGNMENT. This Agreement may not be assigned, in whole or in part, by either party except upon the written consent of the other. Any purported assignment without such consent shall be void.

33514846 v1

DEFAULT. A default by either party under this Agreement shall entitle the other to all remedies available at law or in equity, which shall include, but not be limited to, the right of damages, injunctive relief and specific performance.

THIRD PARTY RIGHTS; TRANSFER OF PROPERTY. This Agreement is solely for the benefit of the formal parties herein and no right or cause of action shall accrue upon or by reason hereof, to or for the benefit of any third party not a formal party hereto. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the parties hereto any right, remedy or claim under or by reason of this Agreement or any provisions or conditions hereof; and all of the provisions, representations, covenants and conditions herein contained shall inure to the sole benefit of and shall be binding upon the parties hereto and their respective representatives, successors and assigns. In the event the Developer sells or otherwise disposes of its business or of all or substantially all of its assets relating to improvements, work product, or lands within the District, including the Property, the Developer shall continue to be bound by the terms of this Agreement and additionally shall expressly require that the purchaser agree to be bound by the terms of this Agreement. The Developer shall give ninety (90) days prior written notice to the District under this Agreement of any such sale or disposition.

ATTORNEY’S FEES. In the event that either party is required to enforce this Agreement by court proceedings or otherwise, then the parties agree that the prevailing party shall be entitled to recover from the other all costs incurred, including reasonable attorneys' fees and costs for  trial, alternative dispute resolution, or appellate proceedings.

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

APPLICABLE LAW; VENUE. This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida. Venue for any action under this Agreement shall be in a state circuit court of competent jurisdiction in and for Pasco County, Florida.

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

EFFECTIVE DATE. The Agreement shall take effect as of October 1, 2019.  The enforcement provisions of this Agreement shall survive its termination, until all payments due pursuant to this Agreement are paid in full.

33514846 v1

IN WITNESS WHEREOF, the parties execute this Agreement the day and year first written
above.

Attest:	DEL WEBB BEXLEY COMMUNITY
DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	By:  	
Its:  	

PULTE HOME COMPANY, LLC

Witness	By:  	
Its:  	

EXHIBIT A:	O&M Budget & Assessment Roll

33514846 v1

Tab 12

FIRST AMENDMENT TO THE FISCAL YEAR 2018/2019 BUDGET FUNDING AGREEMENT BETWEEN DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT AND
PULTE HOME COMPANY, LLC

THIS FIRST AMENDMENT (“First Amendment”), is made and entered effective as of the          day of 	, 2019 (“Effective Date”), by and between:

Del Webb Bexley Community Development District, a local unit of special- purpose government established pursuant to Chapter 190, Florida Statutes, and located in Pasco County, Florida ("District"), and

Pulte Home Company, LLC, a Michigan limited liability company and a developer of the lands in the District ("Developer") with a mailing address of 2662 South Falkenburg Road, Riverview, Florida 33578 (the “Parties”).

RECITALS

WHEREAS, the District was established by an ordinance adopted by the County Commission of Pasco County, Florida, for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure; and

WHEREAS, the District has the option of levying non-ad valorem assessments on all land that will benefit from the activities, operations and services set forth in the Fiscal Year 2019/2020 budget, or utilizing such other revenue sources as may be available to it; and

WHEREAS, in lieu of levying assessments on the property, the District and Developer entered into that certain Budget Funding Agreement dated 	, 2018 (“Funding Agreement”), whereby the Developer agreed to contribute that portion of the total monies necessary to fund the District’s operation and maintenance budget which is attributable to the property owned by Developer; and

WHEREAS, as of May 10, 2019, the Developer purchased certain acreage that is assigned 206 of the 850 total lots within the District; and

WHEREAS, the Parties desire to amend the Funding Agreement to reflect the increased percentage of funds Developer will provide for the operation of the District due to the purchase of such property.

NOW, THEREFORE, in consideration of the mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree to this First Amendment as follows:

INCORPORATION OF RECITALS. The recitals stated above are true and  correct and by this reference are incorporated by reference as a material part of this First Amendment.

Page 1 of 3

AMENDMENT TO SECTION 1 OF THE FUNDING AGREEMENT. Section 1 of the Funding Agreement is hereby amended to read as set forth below. Text indicated in  strikethrough type is deleted and text indicated by underline type is added.

SECTION 1. The Developer agrees to make available to the District the 50.75% of the monies necessary for the operation of the District, as called for in the FY 2019 Budget attached hereto as Exhibit A, within fifteen (15) days of written request by the District. Amendments to the FY 2019 Budget as shown on Exhibit A adopted by the District at a duly noticed meeting shall have the effect of amending this Agreement without further action of the parties. Funds provided hereunder shall be placed in the District's general checking account. In no way shall the foregoing in any way affect the District’s ability to levy special assessments upon the property within the District, including the Property, in accordance with Florida law, to provide funds for any unfunded expenditures whether such expenditures are the result of an amendment to the District’s FY 2019 Budget or otherwise. These payments are made by Developer in lieu of operation and maintenance assessments which might otherwise be levied or imposed by the District.

AFFIRMATION OF THE FUNDING AGREEMENT. The District and the Developer agree that nothing contained herein shall alter or amend the parties’ rights and responsibilities under the Funding Agreement, except to the extent set forth in Section 2 of this First Amendment. The Funding Agreement is hereby affirmed and continues to constitute a valid and binding agreement between the parties.

AUTHORIZATION. The execution of this First Amendment has been duly authorized by the appropriate body or official of the District and the Developer, both the District and the Developer have complied with all the requirements of law, and both the District and the Developer have full power and authority to comply with the terms and provisions of this instrument.

EFFECTIVE DATE. This First Amendment shall be effective after execution by both the District and the Developer.

COUNTERPARTS. This First Amendment may be executed in any number of counterparts, each of which when executed and delivered shall be an original; however, all such counterparts together shall constitute, but one and the same instrument. Signature and acknowledgment pages, if any, may be detached from the counterparts and attached to a single copy of this document to physically form one document.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

Page 2 of 3

IN WITNESS THEREOF, the parties execute this First Amendment effective as of the date and year first written above.

ATTEST:	DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

WITNESSES:	PULTE HOME COMPANY, LLC, a Michigan
limited liability company

 	

Print Name:  	

By:	 Its: 	

Page 3 of 3

Tab 13

DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT
PASCO COUNTY, FLORIDA FINANCIAL REPORT
FOR THE PERIOD FROM INCEPTION OCTOBER 24, 2017 TO SEPTEMBER 30, 2018

DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT PASCO COUNTY, FLORIDA

TABLE OF CONTENTS

	    Page		
INDEPENDENT AUDITOR’S REPORT	1-2	
MANAGEMENT’S DISCUSSION AND ANALYSIS	3-5	
BASIC FINANCIAL STATEMENTS		
Government-Wide Financial Statements:		
Statement of Net Position	6	
Statement of Activities	7	
Fund Financial Statements:		
Balance Sheet – Governmental Funds	8	
Reconciliation of the Balance Sheet – Governmental Funds
to the Statement of Net Position	
9	
Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Funds	
10	
Reconciliation of the Statement of Revenues, Expenditures and Changes in
Fund Balances of Governmental Funds to the Statement of Activities	
11	
Notes to the Financial Statements	12-17	
REQUIRED SUPPLEMENTARY INFORMATION		
Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – General Fund	
18	
Notes to Required Supplementary Information	19	
INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS	

20-21	
INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10)
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	

22	
MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
23-24	

INDEPENDENT AUDITOR’S REPORT

To the Board of Supervisors
Del Webb Bexley Community Development District Pasco County, Florida

951 Yamato Road ▪ Suite 280 Boca Raton, Florida  33431 (561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities and each major fund of Del Webb Bexley Community Development District, Pasco County, Florida (“District”) as of and for the period from inception October 24, 2017 to September 30, 2018, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Opinions

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District as of September 30, 2018, and the respective changes in financial position thereof for the period from inception October 24, 2017 to September 30, 2018 then ended in accordance with accounting principles generally accepted in the United States of America.

Other Matters

Required Supplementary Information

Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued our report dated June 21, 2019, on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

Report on Other Legal and Regulatory Requirements

We have also issued our report dated June 21, 2019, on our consideration of the District’s compliance with the requirements of Section 218.415, Florida Statutes, as required by Rule 10.556(10) of the Auditor General of the State of Florida. The purpose of that report is to provide an opinion based on our examination conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants.

June 21, 2019

2

MANAGEMENT’S DISCUSSION AND ANALYSIS

Our discussion and analysis of Del Webb Bexley Community Development District, Pasco County, Florida (“District”) provides a narrative overview of the District’s financial activities for the period from inception October 24, 2017 to September 30, 2018. Please read it in conjunction with the District’s Independent Auditor’s Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.

This information is being presented to provide additional information regarding the activities of the District and to meet the disclosure requirements of Government Accounting Standards Board Statement (“GASB”) No. 34, Basic Financial Statements – and Management’s Discussion and Analysis – for State and Local Governments issued June 1999. Comparative information between the current year and the prior year is required to be presented in the Management’s Discussion and Analysis (“MD&A”). However, because this is the first year of significant operations of the District, comparative information is excluded in this report. Subsequent reports will include the comparative information.

FINANCIAL HIGHLIGHTS

The assets of the District equaled its liabilities at the close of the fiscal period resulting in a net position balance of $0.

The change in the District's total net position during the current fiscal period was $0. The key components of the District's net position and change in net position are reflected in the table in the government-wide financial analysis section.

At September 30, 2018, the District’s governmental funds reported ending fund balance of ($186,593). The total fund balance is deficit fund balance in the capital projects.

OVERVIEW OF FINANCIAL STATEMENTS

This discussion and analysis is intended to serve as the introduction to the District’s basic financial statements. The District’s basic financial statements are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.

Government-Wide Financial Statements

The government-wide financial statements are designed to provide readers with a broad overview of the District’s finances, in a manner similar to a private-sector business.

The statement of net position presents information on all the District’s assets, deferred outflows of resources, liabilities, and deferred inflows of resources with the residual amount being reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

The statement of activities presents information showing how the government’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods.

The government-wide financial statements distinguish functions of the District that are principally supported by Developer revenues. The District does not have any business-type activities. The governmental activities of the District include the general government (management) and maintenance functions.

3

OVERVIEW OF FINANCIAL STATEMENTS (Continued)

Fund Financial Statements

A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The District has one fund category: governmental funds.

Governmental Funds

Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District’s near-term financing requirements.

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the District’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balance provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

The District maintains two governmental funds for external reporting. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund and capital projects fund both of which are major funds.

The District adopts an annual appropriated budget for its general fund. A budgetary comparison schedule has been provided for the general fund to demonstrate compliance with the budget.

Notes to the Financial Statements

The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements.

GOVERNMENT-WIDE FINANCIAL ANALYSIS

As noted earlier, net position may serve over time as a useful indicator of an entity’s financial position. In the case of the District, assets equaled liabilities at the close of the most recent fiscal period.

Key components of the District’s net position are reflected in the following table:

NET POSITION
SEPTEMBER 30,		
	 	2018		
Current and other assets	$	93,375	
Capital assets, net of depreciation	 	3,586,998 	
Total assets	 	3,680,373 	
Current liabilities	279,968	
Long-term liabilities	 	3,400,405 	
Total liabilities	 	3,680,373 	
Net position
Unrestricted	 	-	

Total net position	 $	-	

4

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

Key elements of the change in net position are reflected in the following table:

CHANGES IN NET POSITION
FOR THE PERIOD FROM INCEPTION OCTOBER 24, 2017 TO SEPTEMBER 30,
Revenues:	 	2018		
Program revenues
Operating grants and contributions	
  $	75,083 	
Total revenues	 	75,083 	
Expenses:
General government	71,247
Physical environment	 	3,836 

Total expenses	 	75,083 Change in net position			-
Net position - beginning	 	-	

Net position - ending	 $	-	

As noted above and in the statement of activities, the cost of all governmental activities during the period from inception October 24, 2017 to September 30, 2018 was $75,083. The costs of the District’s activities were funded by program revenues. Program revenues were comprised entirely of Developer contributions during the current fiscal period.

GENERAL BUDGETING HIGHLIGHTS

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the period from inception October 24, 2017 to September 30, 2018.

ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND OTHER EVENTS

It is anticipated that the general operations of the District will increase as the District is being built. CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT
This financial report is designed to provide our citizens, customers, investors and creditors with a general overview of the District’s finances and to demonstrate the District’s accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the Del Webb Bexley Community Development District’s Finance Department at 12750 Citrus Park Lane, Suite 115, Tampa Florida, 33625.

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Tab 14

FINANCIAL STATEMENTS

DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT PASCO COUNTY, FLORIDA
STATEMENT OF NET POSITION SEPTEMBER 30, 2018

ASSETS
Cash

Governmental
 	Activities	

$	8,163

Due from Developer	85,212
Capital assets:
Non-depreciable assets	 	3,586,998 Total assets	 	3,680,373 

LIABILITIES
Accounts payable and accrued expenses	2,165
Unearned revenue	5,998
Retainage payable	271,805
Non-current liabilities:
Due within one year	3,400,405
Due in more than one year	 		-	 Total liabilities	 	3,680,373 

NET POSITION
Unrestricted	 	-	
Total net position	 $	-	

See notes to the financial statements

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DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT PASCO COUNTY, FLORIDA
STATEMENT OF ACTIVITIES
FOR THE PERIOD FROM INCEPTION OCTOBER 24, 2017 TO SEPTEMBER 30, 2018

Program Revenues Operating	Capital

Net (Expense) Revenue and Changes in Net Position

Grants and		Grants and	Governmental Functions/Programs	 	Expenses	Contributions	Contributions		Activities	 Primary government:
Governmental activities:
General government	$	71,247	$	71,247	$	-   $	-	
Physical environment	 	3,836	3,836	-	- 	
Total governmental activities	 	75,083	75,083	-	- 	

Change in net position	-
Net  position - beginning	 	- 
Net  position - ending	 $	- 

See notes to the financial statements

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DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT PASCO COUNTY, FLORIDA
BALANCE SHEET – GOVERNMENTAL FUNDS SEPTEMBER 30, 2018

 	Major Fund	
Capital
General	Projects

Total Governmental Funds

ASSETS		
Cash	$	8,163	$	-	$	8,163	
Due from Developer	 	-	85,212	85,212 	
Total assets	  $	8,163	$	85,212	$	93,375 	

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable and accrued expenses	2,165	-	2,165	
Contracts and retainage payable	-	271,805	271,805	
Unearned revenue	 	5,998	-	5,998 	
Total liabilities	 	8,163	271,805	279,968 	
Fund balances: Unassigned	
 	-	(186,593)	(186,593)	
Total fund balances	 	-	(186,593)	(186,593)	
Total liabilities and fund balances	  $	8,163	$	85,212	$	93,375 	

See notes to the financial statements

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DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT PASCO COUNTY, FLORIDA
RECONCILIATION OF THE BALANCE SHEET – GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2018

Fund balance - governmental funds	$	(186,593)
Amounts reported for governmental activities in the statement of net position are different because:
Capital assets used in governmental activities are not financial resources and, therefore, are not reported as assets in the governmental funds. The statement of net position includes those capital assets in the net position of the government as a whole.
Cost of capital assets	3,586,998

Liabilities not due and payable from current  available  resources are not reported as liabilities in the governmental fund statements. All liabilities, both current and long-term, are reported in the government-wide financial statements.
Developer Advance	 	(3,400,405) 
Net  position of governmental activities	$	-

See notes to the financial statements

9

DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT PASCO COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES – GOVERNMENTAL FUNDS
FOR THE PERIOD FROM INCEPTION OCTOBER 24, 2017 TO SEPTEMBER 30, 2018

 	Major Fund		Total

REVENUES

Capital
General	Projects

Governmental Funds

Developer revenues	 $	75,083	$	-	$	75,083 
Total revenues	 	75,083	-	75,083 

EXPENDITURES
Current:
General government	71,247	-	71,247
Physical environment	3,836	-	3,836
Capital outlay	 	-	3,586,998	3,586,998 
Total expenditures	 	75,083	3,586,998	3,662,081 

Excess (deficiency) of revenues
over (under) expenditures	-	(3,586,998)	(3,586,998)

OTHER FINANCING SOURCES (USES)
Developer advance	 	-	3,400,405	3,400,405 
Total other financing sources (uses) 	-	3,400,405	3,400,405 Net change in fund balances	-		(186,593)		(186,593)
Fund balances - beginning	 	-	-	-	
Fund balances - ending	 $	-	$	(186,593)   $	(186,593)

See notes to the financial statements

10

DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT PASCO COUNTY, FLORIDA
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES FOR THE PERIOD FROM INCEPTION OCTOBER 24, 2017 TO SEPTEMBER 30, 2018

Net change in fund balances - total governmental funds	$	(186,593)	
Amounts reported for governmental activities in the statement of activities are different because:		
Governmental funds report capital outlays as expenditures; however, the cost of capital assets is eliminated in the statement of activities and capitalized in the statement of net assets.	

3,586,998	
Governmental funds report Developer advances as financial resources when advances are received, whereas these amounts are eliminated in the statement of activities and recognized as long-term liabilities in the statement of net position.	

 	(3,400,405) 	
Change in net position of governmental activities	$	-	

See notes to the financial statements

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DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT PASCO COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS

NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY

Del Webb Bexley Community Development District ("District") was established on October 24, 2017 by Ordinance No. 17-39 of Pasco County, Florida, pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. The Act provides, among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.

The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District.

The District is governed by the Board of Supervisors ("the Board"), which is composed of five members. The Supervisors are elected on an at large basis by the landowners of the District. The Board of Supervisors of the District exercises all powers granted to the District pursuant to Chapter 190, Florida Statutes. At September 30, 2018, all of the Board members are affiliated with NNP-Bexley LLC (“Developer”).

The Board has the responsibility for:
Allocating and levying assessments.
Approving budgets.
Exercising control over facilities and properties.
Controlling the use of funds generated by the District.
Approving the hiring and firing of key personnel.
Financing improvements.

The financial statements were prepared in accordance with Governmental Accounting Standards Board (“GASB”) Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District is considered to be financially accountable, and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements.

The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.

The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment. Operating-type special assessments for maintenance and debt service are treated as charges for services; and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other items not included among program revenues are reported instead as general revenues.

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NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Measurement Focus, Basis of Accounting and Financial Statement Presentation
The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Assessments are recognized as revenues in the year for which they are levied. Grants and similar items are to be recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due.

Assessments
Assessments are non-ad valorem assessments imposed on assessable lands located within the District. Assessments may be levied on property to pay for the operations and maintenance of the District. The fiscal year for which annual assessments may be levied begins on October 1 with discounts available for payments through February 28 and become delinquent on April 1. For debt service assessments, amounts collected as advance payments are used to prepay a portion of the Bonds outstanding. Otherwise, assessments are collected annually to provide funds for the debt service on the portion of the Bonds which are not paid with prepaid assessments.

Assessments and interest associated with the current fiscal period are all considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. Only the portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period.

The District was completed funded with Developer contributions. The District reports the following major governmental fund:
General Fund
The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund.

Capital Projects Fund
This fund accounts for the financial resources to be used for the acquisition or construction of major infrastructure within the District.

As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements.

When both restricted and unrestricted resources are available for use, it is the government’s policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed.

Assets, Liabilities and Net Position or Equity

Restricted Assets
These assets represent cash and investments set aside pursuant to Bond covenants or other contractual restrictions.

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NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)

Deposits and Investments
The District’s cash and cash equivalents are considered to be cash on hand and demand deposits (interest and non-interest bearing).

The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section
218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following:

The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories;
Direct obligations of the U.S. Treasury.

Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due. In addition, surplus funds may be deposited into certificates of deposit which are insured.

The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles.

Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.

Capital Assets
Capital assets which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the governmental activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at estimated fair market value at the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.

Property, plant and equipment of the District are depreciated using the straight-line method over the following estimated useful lives.

No depreciation has been taken in the current fiscal year as the District’s infrastructure and other capital assets are under construction.

Unearned Revenue
Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned.

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NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)

Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized ratably over the life of the Bonds. Bonds payable are reported net of applicable premiums or discounts. Bond issuance costs are expensed when incurred.

In the fund financial statements, governmental fund types recognize premiums and discounts, as well as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.

Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then.

In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.

Fund Equity/Net Position
In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change.

The District can establish limitations on the use of fund balance as follows:

Committed fund balance – Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category.

Assigned fund balance – Includes spendable fund balance amounts established by the Board of Supervisors that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year’s appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.

The District first uses committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used.

Net position is the difference between assets and deferred outflows of resources less liabilities and deferred inflows of resources. Net position in the government-wide financial statements are categorized as net investment in capital assets, restricted or unrestricted. Net investment in capital assets represents net position related to infrastructure and property, plant and equipment. Restricted net position represents the assets restricted by the District’s Bond covenants or other contractual restrictions. Unrestricted net position consists of the net position not meeting the definition of either of the other two components.

15

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Other Disclosures

Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates.

NOTE 3 – BUDGETARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget. Annual Budgets are adopted on a basis consistent with generally accepted accounting principles for the general fund. All annual appropriations lapse at fiscal year-end.

The District follows these procedures in establishing the budgetary data reflected in the financial statements.

Each year, the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
A public hearing is conducted to obtain comments.
Prior to October 1, the budget is legally adopted by the District Board.
All budget changes must be approved by the District Board.
The budgets are adopted on a basis consistent with generally accepted accounting principles.
Unused appropriations for annually budgeted funds lapse at the end of the year.

NOTE 4 – DEPOSITS

The District’s cash balances were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, "Florida Security for Public Deposits Act", requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate bonds) to public deposits is dependent upon the depository's financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses.

NOTE 5 – CAPITAL ASSETS

Capital asset activity for the period from inception October 24, 2017 to September 30, 2018 was as follows:

Governmental activities
Capital assets, not being depreciated Infrastructure under construction

Beginning	Ending
Balance	Additions	Disposals	Balance

  $	-	$  3,586,998	$	-	$ 3,586,998 

Total capital assets, not being depreciated 	-	3,586,998	-	3,586,998 

Governmental activities capital assets, net	 $	-	$ 3,586,998	$	-	$ 3,586,998 

The estimated total costs of the CIP is $29,162,850. Proceeds of the Series 2018 Bonds will be utilized to acquire and construct a portion of the project. The remainder of Parcel Improvements not funded with proceeds of the Series 2018 Bonds will be funded by the Developer. The District cannot make any representation that the Developer will have sufficient funds to complete the remainder of the CIP not funded with the proceeds of the Series 2018 Bonds.

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NOTE 6 – DEVELOPER CONTRIBUTIONS

The Developer owns all of the land within the District and has agreed to fund the operations of the District as outlined in the funding agreement. In connection with that agreement, Developer contributions to the general fund were $81,081 during the period from inception October 24, 2017 to September 30, 2018 which includes unearned revenue of $5,998 at September 30, 2018.

Developer advances of cash and assets to the District were $3,400,405 during the period from inception October 24, 2017 to September 30, 2018 which includes a receivable of $85,212 at September 30, 2018.

NOTE 7 – CONCENTRATION

The District’s activity is dependent upon the continued involvement of the Developer, the loss of which could have a material adverse effect on the District’s operations.

NOTE 8 – MANAGEMENT COMPANY

The District has contracted with a management company to perform management services, which include financial and accounting services. Certain employees of the management company also serve as officers of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, computer and other administrative costs.

NOTE 9 – RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. The District has not filed any claims under this commercial coverage since inception of the District.

NOTE 10 – SUBSEQUENT EVENTS
Bond Issuance
Subsequent to fiscal year end, the District issued $10,180,000 of Series 2018 Special Assessment Bonds, consisting of multiple term bonds with due dates ranging from May 1, 2023 - May 1, 2049 and fixed interest rates ranging from 4.2% to 5.4%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District.

17

DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT PASCO COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND
FOR THE PERIOD FROM INCEPTION OCTOBER 24, 2017 TO SEPTEMBER 30, 2018

Variance with Final
Budgeted	Budget -
 	Amounts		Actual	Positive
 Original & Final	Amounts	(Negative) 

REVENUES
Developer Contribution

  $	250,000	$	75,083	$ (174,917)

Total revenues	 	250,000	75,083	(174,917)

EXPENDITURES
Current:
General government	113,200	71,247	41,953
Physical environment	 	136,800	3,836	132,964 
Total expenditures	 	250,000	75,083	174,917 

Excess (deficiency) of revenues over (under) expenditures

  $	-	

-	$	-

Fund balance - beginning	 	-	

Fund balance - ending	 $	-	

See notes to required supplementary information

18

DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT PASCO COUNTY, FLORIDA
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget for the General Fund. The District’s budgeting process is based on estimates of cash receipts and cash expenditures which are approved by the Board. The budget approximates a basis consistent with accounting principles generally accepted in the United States of America (generally accepted accounting principles).

The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the period from inception October 24, 2017 to September 30, 2018.

19

951 Yamato Road ▪ Suite 280 Boca Raton, Florida  33431 (561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

To the Board of Supervisors
Del Webb Bexley Community Development District Pasco County, Florida

We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of Del Webb Bexley Community Development District, Pasco County, Florida (the “District”) as of and for the period from inception October 24, 2017 to September 30, 2018, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated June 21, 2019.
Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

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Purpose of this Report

The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

June 21, 2019

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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

INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

To the Board of Supervisors
Del Webb Bexley Community Development District Pasco County, Florida

We have examined Del Webb Bexley Community Development District, Pasco County, Florida’s (“District”) compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the period from inception October 24, 2017 to September 30, 2018. Management is responsible for the District’s compliance with those requirements. Our responsibility is to express an opinion on the District’s compliance based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 218.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District’s compliance with specified requirements.

In our opinion, the District complied, in all material respects, with the aforementioned requirements for the period from inception October 24, 2017 to September 30, 2018.

This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of Supervisors of Del Webb Bexley Community Development District, Pasco County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

June 21, 2019

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951 Yamato Road ▪ Suite 280 Boca Raton, Florida  33431 (561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

To the Board of Supervisors
Del Webb Bexley Community Development District Pasco County, Florida

Report on the Financial Statements

We have audited the accompanying basic financial statements of Del Webb Bexley Community Development District, Pasco County, Florida ("District") as of and for the period from inception October 24, 2017 to September 30, 2018, and have issued our report thereon dated June 21, 2019.

Auditor’s Responsibility

We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the Florida Auditor General.

Other Reporting Requirements

We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Auditor’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated June 21, 2019, should be considered in conjunction with this management letter.

Purpose of this Letter

The purpose of this letter is to comment on those matters required by Chapter 10.550 of the Rules of the Auditor General of the State of Florida. Accordingly, in connection with our audit of the financial statements of the District, as described in the first paragraph, we report the following:

Current year findings and recommendations.
Status of prior year findings and recommendations.
Compliance with the Provisions of the Auditor General of the State of Florida.

Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, as applicable, management, and the Board of Supervisors of Del Webb Bexley Community Development District, Pasco County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

We wish to thank Del Webb Bexley Community Development District, Pasco County, Florida and the personnel associated with it, for the opportunity to be of service to them in this endeavor as well as future engagements, and the courtesies extended to us.

June 21, 2019

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REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS

None

PRIOR YEAR FINDINGS AND RECOMMENDATIONS

None

COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

Unless otherwise required to be reported in the auditor’s report on compliance and internal controls, the management letter shall include, but not be limited to the following:

A statement as to whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report.

N/A. First year audit.

Any recommendations to improve the local governmental entity's financial management.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the period from inception October 24, 2017 to September 30, 2018.

Noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the period from inception October 24, 2017 to September 30, 2018.

The name or official title and legal authority of the District are disclosed in the notes to the financial statements.

The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.

We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2018. It is management’s responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

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Tab 14

Upon recording, this instrument should be returned to:

Del Webb Bexley Community Development District c/o Rizzetta & Company, Inc.
5844 Old Pasco Road, Suite 100 Wesley Chapel, Florida 33544	(This space reserved for Clerk)	

DISCLOSURE OF PUBLIC FINANCING AND MAINTENANCE OF IMPROVEMENTS TO REAL PROPERTY UNDERTAKEN BY
THE DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT

Board of Supervisors1

Del Webb Bexley Community Development District

Aaron Baker Chairperson

Jessica Robinson Vice Chairperson	Brady Lefere Assistant Secretary

Doug South Assistant Secretary

Rick Stevens Assistant Secretary	

Rizzetta & Company, Inc.
5844 Old Pasco Road, Suite 100 Wesley Chapel, Florida 33544 (813) 994-1001

District records are on file at the offices of Rizzetta & Company, Inc. and are available for public inspection upon request during normal business hours.

1 This list reflects the composition of the Board of Supervisors as of July 1, 2019. For a current list of Board Members, please contact the District Manager’s office.

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TABLE OF CONTENTS
Introduction	3
What is the District and how is it governed?	4
What infrastructure improvements does the District provide
and how are the improvements paid for?	5
Assessments, Fees and Charges	7
Method of Collection	8

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DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT INTRODUCTION
The Del Webb Bexley Community Development District (“District”) is a local unit of special-purpose government created pursuant to and existing under the provisions of Chapter 190, Florida Statutes. Under Florida law, community development districts are required to take affirmative steps to provide for the full disclosure of information relating to the public financing and maintenance of improvements to real property undertaken by such districts. Unlike city and county governments, the District has only certain limited powers and responsibilities. These powers and responsibilities include, for example, construction and/or acquisition, as well maintenance, of roadways, utilities, stormwater management, landscaping, and other related public infrastructure.

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DISCLOSURE OF PUBLIC FINANCING AND MAINTENANCE OF IMPROVEMENTS TO REAL PROPERTY UNDERTAKEN BY
THE DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT

Under Florida law, community development districts are required to take affirmative steps to provide for the full disclosure of information relating to the public financing and maintenance of improvements to real property undertaken by such districts. The law specifically provides that this information shall be made available to all persons currently residing within the District and to all prospective District residents. The following information describing the Del Webb Bexley Community Development District and the assessments, fees and charges that may be levied within the District to pay for certain community infrastructure is provided to fulfill this statutory requirement.

What is the District and how is it governed?

The District is an independent special taxing district, created pursuant to and existing under the provisions of Chapter 190, Florida Statutes (the “Act”), and established by Ordinance No. 17-39 enacted by the Board of County Commissioners of Pasco County, Florida, which was effective on October 30, 2017. The District encompasses approximately 428.934 acres of land located entirely within the boundaries of Pasco County, Florida. As a local unit of special- purpose government, the District provides an alternative means for planning, financing, constructing, operating and maintaining various public improvements and community facilities within its jurisdiction.

The District is governed by a five-member Board of Supervisors, the members of which must be residents of the State and citizens of the United States. Within ninety (90) days of appointment of the initial board, members were elected on an at-large basis by the owners of property within the District, each landowner being entitled to one vote for each acre of land with fractions thereof rounded upward to the nearest whole number. Elections are then held every  two years in November. Commencing when both six years after the initial appointment of Supervisors have passed and the District has attained a minimum of two hundred and fifty (250) qualified electors, Supervisors whose terms are expiring will begin to be elected by qualified electors of the District. A “qualified elector” in this instance is any person at least eighteen (18) years of age who is a citizen of the United States, a legal resident of Florida and of the District, and who is also registered with the Supervisor of Elections to vote in Pasco County. Notwithstanding the foregoing, if at any time the Board proposes to exercise its ad valorem taxing power, it shall, prior to the exercise of such power, call an election at which all members of the Board shall be elected by qualified electors of the District.

Board meetings are noticed in a local newspaper and conducted in a public forum in which public participation is permitted. Consistent with Florida’s public records laws, the records of the District are available for public inspection during normal business hours. Elected members of the Board are similarly bound by the State’s open meetings law and are generally subject to the same disclosure requirements as other elected officials under the State’s ethics laws.

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What infrastructure improvements does the District provide and how are the improvements paid for?

The District is comprised of approximately 428.934 acres located entirely within Pasco County, Florida, the legal description of which is attached hereto as Exhibit A. The public infrastructure necessary to support the District’s development program includes, but is not limited to, roadway improvements, stormwater management facilities, wastewater collection, potable water distribution and reclaim water/irrigation water systems, landscape and hardscape improvements, and underground electrical distribution improvements. These infrastructure improvements are more fully detailed below. To plan the infrastructure improvements necessary for the District, the District adopted an Engineer’s Report dated February 2018, which details all of the improvements contemplated for the completion of the infrastructure of the District (the “Capital Improvement Plan”). Copies of the Capital Improvement Plan are available for review in the District’s public records.

These public infrastructure improvements have been or will be funded by the District’s sale of bonds. On May 24, 2018, the Circuit Court of the State of Florida, in and for Pasco County, Florida, entered a Final Judgment validating the District’s ability to issue an aggregate principal amount not to exceed $35,000,000 in Special Assessment Bonds for infrastructure needs of the District.

On October 26, 2018, the District issued a series of bonds for purposes of partially financing the construction and acquisition costs of infrastructure for the Capital Improvement Plan (the “Series 2018 Project”). On that date, the District issued its Del Webb Bexley Community Development District, Special Assessment Bonds, Series 2018, in the amount of
$10,180,000 (the “Series 2018 Bonds”). Proceeds of the Series 2018 Bonds are being used to finance the cost of a portion of the acquisition, construction, installation, and equipping of the Series 2018 Project.

Roadways

The District will fund, construct and/or acquire the off-site roadway and access improvements within the District. Primary vehicular access to the District is to be provided from Sunlake Boulevard north of Tower Road with a secondary entrance off future Road “A”. Del Webb Boulevard, the main entrance to the District from Sunlake Boulevard, will be a divided 4- lane collector with street lighting, sidewalks and landscaping. The other access entrance to the District off future Road “A” will be a divided 4-lane road that will transition to a divided 2-lane residential street. The roadway improvements will comply with the roadway design criteria of Pasco County. The District will convey the improvements on Sunlake Boulevard to Pasco County for ownership, operation and maintenance.

Stormwater Management

Pasco County and the Southwest Florida Water Management District (SWFWMD) regulate the design criteria for the stormwater management system within the District. The District is located within the Sandy Branch/Anclote River Watershed. The pre-development site
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runoff and water management conditions have been established by Pasco County and SWFWMD. The existing, onsite, naturally occurring wetlands have been delineated by SWFWMD.

The stormwater management system for the District focuses on utilizing newly constructed ponds in the uplands for stormwater treatment in conjunction with the naturally occurring wetlands. The stormwater collection and outfall systems will be a combination of site grading, earthwork, stabilization, curb inlets, pipe culverts, control structures and open waterways. Wetland hydoperiods (normal pool and season high water elevations) will be maintained through proper design and maintenance of the outfall control structures. Curb inlets and pipe culverts in the HOA rights-of-way will be owned, operated and maintained by the District.

Wastewater Collection

The District is within Pasco County Utilities Service Area which will provide wastewater treatment service. When completed, Pasco County will own, operate and maintain the District’s wastewater system. The onsite wastewater system will consist of gravity collection lines with appurtenant manholes and pump stations discharging to a force main that will connect to the existing Pasco County force main in the Sunlake Boulevard right-of-way.

Water Distribution System

The District is within Pasco County Utilities Service Area which will provide potable water service. When completed, Pasco County will own, operate and maintain the District’s potable water distribution system. The onsite potable water system will consist of distribution lines of varying sizes with appurtenant valves and backflow prevention equipment connecting to the existing water transmission lines in Sunlake Boulevard.

Reclaim Water/Irrigation Water

The District is within Pasco County Utilities Service Area which will provide reclaim water service. When completed, Pasco County will own, operate and maintain the District’s reclaim water system. The onsite reclaim water system will consist of distribution lines of varying sizes with appurtenant valves and backflow prevention equipment. The landscaped collector roadways, some parks, recreation and common areas will be irrigated using irrigation systems connected to reclaimed water mains located within the District. The District will own, operate and maintain the irrigation system.

Landscape and Hardscape

Significant landscape features and associated irrigation systems within the public rights- of-way are planned within the District. These features may include entry monumentation at the entrances of the District, installation of irrigation wells, irrigation systems and the perimeter buffer areas.  Collector roads and some parks or open space will be irrigated and landscaped.  The District will fund, construct and/or acquire, operate and maintain entry monumentation,
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irrigation  systems and landscaping.	Perimeter berms will also be funded, constructed and/or acquired, owned and maintained by the District.

Underground Electrical Distribution System and Street Lighting

The District will fund, construct, and/or acquire the underground electrical system that will provide services to the lands within the District. Duke Energy will own, operate and maintain the underground electrical system. The District will fund, construct and/or acquire the street lighting for the District. The District/Duke Energy will own, operate and maintain the street light system.

Assessments, Fees and Charges

The costs of acquisition or construction of a portion of these infrastructure improvements have been financed by the District through the sale of its Series 2018 Bonds. The annual debt service payments, including interest due thereon, are payable solely from and secured by the levy of non-ad valorem or special assessments against lands within the District which benefit from the construction, acquisition, establishment and operation of the District’s improvements (the “Debt Assessments”). The annual debt service obligations of the District which must be defrayed by annual assessments upon each parcel of land or platted lot will depend upon the type of property purchased. Provided below are the current maximum annual assessment levels for property within the District. Interested persons are encouraged to contact the District Manager for information regarding special assessments on a particular lot or parcel of lands. A copy of the District’s assessment methodology and assessment roll are available for review in the District’s public records.

Product Type	Series 2018 Maximum Annual Assessment Level Per Unit	
Single Family 40’	$680	
Single Family 50’	$850	
Single Family 65’	$1,105	

Note: The maximum annual assessments level amounts have been grossed up to include collection costs from Pasco County and a maximum discount for early payment as authorized by law.

The Debt Assessments described above exclude any operations and maintenance assessments (“O&M Assessments”) which may be determined and calculated annually by the District’s Board of Supervisors and are levied against all benefitted lands in the District. A detailed description of all costs and allocations which result in the formulation of assessments, fees, and charges is available for public inspection upon request.

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The Capital Improvement Plan and financing plan of the District as presented herein reflect the District’s current intentions, and the District expressly reserves the right in its sole discretion to change those plans at any time. Additionally, the District may undertake the construction, reconstruction, acquisition, or installation of future improvements and facilities, which may be financed by bonds, notes, or other methods authorized by Chapter 190, Florida Statutes.

Method of Collection

The District’s Debt Assessments and/or operation and maintenance assessments may appear on that portion of the annual real estate tax notice entitled “non-ad valorem assessments,” and will be collected by the Pasco County Tax Collector in the same manner as county ad valorem taxes. Each property owner must pay both ad valorem and non-ad valorem assessments at the same time. Property owners will, however, be entitled to the same discounts as provided for ad valorem taxes. As with any tax notice, if all taxes and assessments due are not paid within the prescribed time limit, the tax collector is required to sell tax certificates which, if not timely redeemed, may result in the loss of title to the property. The District may also elect to collect the assessment directly.

This description of the District’s operation, services and financing structure is intended to provide assistance to landowners and purchasers concerning the important role that the District plays in providing infrastructure improvements essential to the use and development of this community. If you have any questions or would simply like additional information about the District, please write to or call the: District Manager, Del Webb Bexley Community Development District, 5844 Old Pasco Road, Suite 100, Wesley Chapel, Florida 33544 or call (813) 994-1001.

The information provided herein is a good faith effort to accurately and fully disclose information regarding the public financing and maintenance of improvements to real property undertaken by the District and should only be relied upon as such. The information contained herein is, and can only be, a status summary of the District’s public financing and maintenance activities and is subject to supplementation and clarification from the actual documents and other sources from which this information is derived. In addition, the information contained herein may be subject to change over time, in the due course of the District’s activities and in accordance with Florida law. Prospective and current residents and other members of the public should seek confirmation and/or additional information from the District Manager’s office with regard to any questions or points of interest raised by the information presented herein.

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IN WITNESS WHEREOF, this Disclosure of Public Financing and Maintenance of
Improvements  to  Real   Property  Undertaken  has  been   executed  as  of  the 	day  of
 	, 2019, and recorded in the Official Records of Pasco County, Florida.

DEL	WEBB	BEXLEY	COMMUNITY DEVELOPMENT DISTRICT

By:	Aaron Baker
Chairperson

Witness	Witness

Print Name	Print Name

STATE OF FLORIDA COUNTY OF PASCO

The	foregoing	instrument	was	acknowledged	before	me	this	 		day   of
 	, 2019, by Aaron Baker, Chairperson of the Del Webb Bexley Community  Development  District,  who  is  personally  known  to  me  or  who  has  produced
 	  as identification, and did [ ] or did not [ ] take the  oath.

Notary Public, State of Florida

Print Name: 		 Commission No.: 	                                                    My Commission Expires:  	

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EXHIBIT A

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Tab 15

RESOLUTION 2019-09

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT RATIFYING, CONFIRMING, AND APPROVING THE SALE OF THE DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT BONDS, SERIES 2018; RATIFYING, CONFIRMING, AND APPROVING THE ACTIONS OF THE CHAIRMAN, VICE CHAIRMAN, TREASURER, SECRETARY, ASSISTANT SECRETARIES, AND ALL DISTRICT STAFF REGARDING THE SALE AND CLOSING OF THE DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT BONDS, SERIES 2018; DETERMINING SUCH ACTIONS AS BEING IN ACCORDANCE WITH THE AUTHORIZATION GRANTED BY THE BOARD; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Del Webb Bexley Community Development District (the “District”), is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

WHEREAS, the District previously adopted resolutions authorizing the issuance and the negotiated sale of bonds within the scope of Chapter 190, Florida Statutes, including its Del Webb Bexley Community Development District Special Assessment Bonds, Series 2018 in the par amount of $10,180,000 (the “Series 2018 Bonds”); and

WHEREAS, the District closed on the sale of the Series 2018 Bonds on October 26, 2018; and

WHEREAS, as prerequisites to the issuance of the Series 2018 Bonds, the Chairman, Vice Chairman, Treasurer, Assistant Secretaries, and District Staff including the District Manager, District Financial Advisor, and District Counsel were required to execute and deliver various documents (the “Closing Documents”); and

WHEREAS, the District desires to ratify, confirm, and approve all actions of  the District Chairman, Vice Chairman, Treasurer, Assistant Secretaries, and District Staff in closing the sale of the Series 2018 Bonds.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. The sale, issuance, and closing of the Series 2018 Bonds is in the best interests of the District.

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SECTION 2. The issuance and sale of the Series 2018 Bonds, the adoption of resolutions relating to such bonds, and all actions taken in the furtherance of the closing on such bonds, are hereby declared and affirmed as being in the best interests of the District and are hereby ratified, approved, and confirmed.

SECTION 3. The actions of the Chairman, Vice Chairman, Treasurer, Secretary, Assistant Secretaries, and all District Staff in finalizing the closing and issuance of the Series 2018 Bonds, including the execution and delivery of the Closing Documents, and such other certifications or other documents required for the closing on the Series 2018 Bonds, are determined to be in accordance with the prior authorizations of the Board and are hereby ratified, approved, and confirmed in all respects.

SECTION 4. If any provision of this Resolution is held to be illegal or invalid, the other provisions shall remain in full force and effect.

SECTION 5. This Resolution shall become effective upon its passage and shall remain in effect unless rescinded or repealed.

PASSED AND ADOPTED this 24th day of July, 2019.

ATTEST:	DEL WEBB BEXLEY COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairman, Board of Supervisors

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