INDIGO COMMUNITY DEVELOPMENT DISTRICT

AUGUST 26, 2020 AGENDA PACKAGE

Indigo
Community Development District
475 West Town Place, Suite 114, St. Augustine, Florida 32092 Phone: 904-940-5850 - Fax: 904-940-5899
August 19, 2020

Board of Supervisors Indigo Community Development District

Dear Board Members:

A meeting of the Board of Supervisors of the Indigo Community Development District will be held Wednesday, August 26, 2020 at 1:00 p.m. using Zoom communications media technology. Following is the advance agenda for the meeting:

Roll Call
Audience Comments (Limited to 3 minutes per person)
Affidavits of Publication
Approval of Minutes
June 24, 2020 Meeting
July 22, 2020 Special Meeting
Public Hearing to Consider the Imposition of Special Assessments for the Phase 1A Development; Consideration of Resolution 2020-09
Public Hearing to Consider Adoption of the Fiscal Year 2021 Budget
Consideration of Resolution 2020-10, Relating to Annual Appropriations and Adopting the Budget for Fiscal Year 2021
Consideration of Resolution 2020-11, Imposing Special Assessments and Certifying an Assessment Roll
Staff Reports
District Counsel
District Engineer
District Manager – Consideration of Designating a Regular Meeting Schedule for Fiscal Year 2021
Field Operations Manager
Supervisors’ Requests and Audience Comments (Limited to 3 minutes per person)
Approval of Check Register
Financial Statements as of July 31, 2020
Next Scheduled Meeting – Wednesday, September 23, 2020 at 1:00 p.m.
Adjournment

Enclosed under the third order of business are copies of the affidavits of publication for the meeting and public hearings.

Enclosed under the fourth order of business are copies of the minutes of the June 24, 2020 meeting and the June 22, 2020 special meeting for your review and approval.

The fifth order of business is the public hearing to consider the imposition of special assessments for the Phase 1A development and consideration of resolution 2020-09. Copies of the resolution and its exhibits are enclosed for your review and approval.

The sixth order of business is the public hearing to consider adoption of the Fiscal Year 2021 budget. Enclosed for your review and approval are copies of the budget, resolution 2020-10 and resolution 2020-11.

Enclosed are the check register and financial statements.

The balance of the agenda is routine in nature and staff will give their reports at the meeting. In the meantime, if you have any questions, please contact me.

Sincerely,

James Perry James A. Perry District Manager

2

AGENDA

Indigo
Community Development District
Agenda

Wednesday	Meeting Via Zoom:
August 26, 2020	Online: https://zoom.us/join
1:00 p.m.	Phone: (646) 876-9923
Meeting ID#: 980 1943 6728
Passcode: 485142 www.indigocdd.com

Roll Call

Audience Comments (Limited to 3 minutes per person)

Affidavits of Publication

Approval of Minutes
June 24, 2020 Meeting

July 22, 2020 Special Meeting

Public Hearing to Consider the Imposition of Special Assessments for the Phase 1A Development; Consideration of Resolution 2020-09

Public Hearing to Consider Adoption of the Fiscal Year 2021 Budget
Consideration of Resolution 2020-10, Relating to Annual Appropriations and Adopting the Budget for Fiscal Year 2021

Consideration of Resolution 2020-11, Imposing Special Assessments and Certifying an Assessment Roll

Staff Reports
District Counsel

District Engineer

District Manager – Consideration of Designating a Regular Meeting Schedule for Fiscal Year 2021

Field Operations Manager

Supervisors’ Requests and Audience Comments (Limited to 3 minutes per person)

Approval of Check Register

Financial Statements as of July 31, 2020

Next Scheduled Meeting – Wednesday, September 23, 2020 at 1:00 p.m.

Adjournment

THIRD ORDER OF BUSINESS

THE NEWS-JOURNAL

Published Daily and Suuday Daytona Beach, Volusia Couuty, Florida

State of Florida, County of Volusia

Before the undersigned authority personally appeared

Susan Stanford

who, on oath says that she is ....................................

LEGAL COORDINATOR

of The News-Journal, a daily and Sunday newspaper, published at Daytona Beach in Volusia County, Florida; the attached copy of advertisement, being a

PUBLIC NOTICE L2364116
in the Court,
was published in said newspaper in the issues............

JULY 30, AUGUST 6, 2020

Affiant further says that The News-Journal is a newspaper published at Daytona Beach, in said Volusia County, Florida, and that the said newspaper has heretofore been continuously published in said Volusia County, Florida, each day and Sunday and has been entered as second-class mail matter at the post office in Daytona Beach, in said Volusia County, Florida, for a period of one year next preceding the first publication of the a ched copy of advertisement; and affiant further says that  s n "ther paid nor promised a!l.y-person·, firm or co ati any discount, reba ommission or

refund  fo   thf	urpos          secur	is advertisement for publicaf   n · 1 the s ·	ew~'	.:-

Sworn to and subscribed before me This	6™ OF AUGUST

October 29, 2021

i"J	My C_ommisslon Expi(es

111R ,1i\,',

ii*	11':: Commission# GG 155574

t/# Stat.e ofFlorida-Notary Public

,,:},! V,,	CYNTHIA ANDERSON

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CONSIDER IMPOSITIQ..  ···..
ASSESSMENTS RURSUA.N'·>
SECTION 17.0.07, FL /111/JJ	l;j[
BY THEJINDIGO ·.cowi•.. .	),:.'
N8 i!l8E N[18 f!
TO CONSIDER :ADd j--i't  <i	I ASSESSMENT ROLL P13J)l$i· j .·>:r

SECTJON 197.363i(4)(lj), Fi. l•••:·,y
.	STATUTES, B. VT;f-W:JNI II I J11 i::· C
coMMUNIT.Y DEVECOlMl	E m .::;@

...	.. ··n 1 .'fB-ICI .:· 	,..•.•••)<•·••/•>
NOTICE· OF REGULAR:MEFJID  ,·

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oF tiiE.·•tNfJia·o·..co	:1 t:i"!·.""{)·\::Y
DEVEUOPMENT DISTRitml  \{• \ }:.i
The Board of Supervisors ("Board") -Of .the Indigo C-Oo:lmunity Development Dialrie!C'Pbtti r!)j yjll;bolcf
heanngs on WEDNESDAY, AUG T 26, :2020 AT 1:00.. P.M.. AT HQLII>AYJl"ll'i ])ATI'Q!IJ" · •	••
BOULEVARD, U7 AUTOM,ll,L:CIRCL ])Ay.ro,NA uµcu, FLO A 3 l24 !o ci!iiside.Hb aSSC3sment roll, the imposition of spwial a siliei!ts!o  e	proposed bonds on llen .8ted la,n

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a depiction of which lands js showQ elo:,v, a,nd .lo p vide for .the levy, coUec!ioli a,nd ell(' i'¢e
assessments.	·	•    \ ,   •	·	·   I ·	.. ·.	.

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lt is anticipated that the public hearing &11d meetiQg y,i.11 take place;it the loC!l!ioQ •boviJiiiM iit public health eiriergeocy preven.ts the hearing and meeting from .!)l:Curring fa; pec.<i.l);J b( .. . public bearing by telephone or video conferencing communicationsmi:dia!e<:l!Jiology pursua.·· including but not llotlte!l.t9oax  utireOrdeu 2(}.St 2(),(i9 .	issu¢l>Y OovcrnorPc
or supplements thereof/ iiiid$ .iiuuant to Se<:.tioti l20 ,S4(S)(b	a St (ut .;•.•·•.· ...·.:
Wltile ii may be neceisiiijiiohold ihe aboveiefereiiced public	liz/ng to1ijriJlf1llcliti /IS. I curre111 COVID:J9 public/1eallli e111erge11cy. the District fully e11cow:ages p,iJ,@plirl(fll'4tl !!UL To 1/,at end, 011yo11e wis/1i11g to /iS(e11 to and/or  participate./11 tM  nieeUnfr:mi    ft1! ··   ·  ··

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(Zoom Applicatio11 Link and/or Ca/1-/11 Nw11ber) by visiting /he f)i,strict s.Jf bs// ,··
lhe Dis1rict Manager's Office, ide111ified below. Participant qre str ngly encouragetli 1/,e District Manager's Office, Identified below, by NJO n in n Aurii3124 2020 in .ad Board's co11sideralion of suclt queslio11s and commeniiduring t/te f1eaTing.    · ··· ·   ··. ··.··..·

·	The streets and areas to be improved ("Phase Al Developmcnf'.)' are genetl!.Uy lo .·.. . ou . ;
i O Municipal Stadium, east of LPGA Boulevard and.ilocth ofWestlntemaHoµaJ S yJiiji
\	Daytona Beach, Volusia County, Florida, aod is geographically!l picted below aiiai.nthe Di.tit!
Integrated LPGA- Phase Al, dated July 14, 2020, prepared by Poulos & Bennet!, LLC('IC.pita! .

•·\.•··.
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The public bearing is being conducted pursuant to Chapt rs 17(), 190 and 197, Flori4a Sla\utij.
prope_rty to e assessed and the amount to be assessed to elic pil:9C oc parcel of pro ,ty may be• ..... . .

'\.  ir	d 3;   ; :cit ) to  s   ('!oi!  c  M!!  ::.:   :i  }  C.47er St   () !! f  )!f!M!.t
The District is a unit of special-purpose local government resvon!!ible for:prpyldin ·	· 9!. ·
lands within the District. Tbe infrastructure improvements (''lmprovemeiti$'l  ltl'C!	·····

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are not limited to, undergrounding of dectrical distribution & street li !iog; oiisi . stormwater m nagement system, p9t ble ,w ter,4istri ution, s!!ajtary iiewcr. syi teili/ i1i.c
i  Grand Champion Boulevard landscapl!lg, 1mgat1oll and hardscape, LPGA olfs1te i:oadw;iy IDIP

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1  infrastructure. all as more specifically described in the Capital Improvement Plan; oii:lile lll)4Jiy
i:i;;.;R:i t Manager'sO ffi.ce Ac.:ordiog to the apital lmrov r ; \ f1:'; '[i t The District i)lteods to impose assessments on benefited lands within the District in tho nuinn.er  i
Moster Special AssessmentMethodology Report for the /11/egrattd LPGA -  P/1aie'A.{  I) e';e/i)pin_#i!i; and prepared by Governmental Management Services, LLC (' ssessment &pll"),)•,11:i,i is 911, ij f normal business hours at the Distnct Manager's Office.	• •	•      \}<• / ?/ \ •<:
Th     purposeof any such assessment _is \o secure the bond! issued !O fu11d, tl!e Impipyc111 ilt+):  , detatl m the Assessment Report, the D1stnct 's amssmcnts will be levied ag;ill!St all tt lil:iil.1 The Assessment Report identifies maximum assessment amounts foe each laQd use ttgorythatls to be assessed. The method of allocating assessments for thdinj:irovemecits to be funded by lbe ])i1t#
dete mined on an equal ass ssment per acr basis., an? wiU be levied on an cquiv-1ent .i·. •·•. •· · •
the hme that such property ts platted or subJect to a stle plan, .•.    ·..··•·	.. ·>..   ...<   •·•··
The annual principal assessment levied against each parcel will be based oti iepayiiieµt oY (·.
debt allocated to each parcel. Tbe District expects to coUect sufficient revenues fo rcilie'no
debt to be assessed by the District; exclusive of fees and sis of collection or ellforceJiie11t; di1 ... and interest. The ro osed aonual schedule of assessments is as follows: ·	· ·· · · · ··· ·. •· ··

40' Lots	
 50' Lots	
The assessments may be prepaid in wlio!e at any time, or io some ins ni:ca in p11ri/iimr

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thirty (30) aonual installmentssubsequent to.the issuance of debt to finance theimp_n>v	· will be collected on the Volusia County tax roll by the Tax Collector. Alternatively,,!,l! ..Pi!!ll collect and enforce these assessments. All affected property owners have the gqtto ap ti(;citJ
right to file written objections with the District within twenty (20) days of-the pt1bHcati9µ of•
Also  oo  WEDNESDAY,  AUGUST  26,  2020 ..AT 1:00  P,J\,1.  AT  HOLD>AV• .
BOULEVARD, 137 AUTOMALL CIRCLE, DAYTONA BEACH, fLORJ])A 321 . ;J
p u  blic. meeting !o conside_ra ny    otherbu. s  i.oes  t.h..  tm...  y..   lawu.f.. 1.1../!Y be.c.µo.. •i d  ·r..e...d.·· ;bY...·J.h·.c..    ...   .
coouruttee meeting aod heanngs are ope11.to .the 11ublic and will be conducte!l tn ac;c:o Florida law for community development districts·. The Boar!! fil!'Cling, inn;iit mec!iQi/lii
may be continued in progress to a certain date.and time.  noµn	at such lti tiog cini:1/orhcari!i

h; ri     :c;h;;:s n'! i1:fe : Ic:rdi }o,tieo!r   ;r.tw  iht
':::i;iJ;!iii!ilill i1r

rc.:mt I? Jci}' iltt   r.	idti

.	·.· • ·· ·.. ·.·:-

ARD  OF  SUPERVISORS   OF  THE INJll
thc Improvements.	.	i >·
. ·ons for, the I provemeots ai:-e csc!i in EnllllU., .
on file and available for public wpect1on 11!he IIIJlle •·

\"Estimated  Cost").	•	• · .•.•·•• Yl!tlch includes the Estimated Coat, pl   fipanciog•related··•
Je  rvet ·•<•••··•••·•••:...<• ••	·••	·  ·.· •·• ..  ···•
s)ihiil) l)fijppllaj #¢4 and paid is set f1>rth in Ellhlblt B, including proviuo...-
.	en  reso ulmils.  ·   · ·	·	. ·	· · • · •·••··
).	Th Assessments shall be levied, within lhe District, on all lots and lands adjoining and contiguous or bounding an,L

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abui!infi up911 lhe Irnproveme11ts or specially benefitled thereby and further designated by the asses,meot plat h a r prqy1de!,lfor.	<. ·•.	.·.	·	•	•	•··   >
··•  / 7/ \Tneieis oii file,• a t.die District Records Office, an assessment plat showing the area to be auwcd, with i;crtein pla111 ••· alid•! peci.ficallo11s dcii ribing l e  Improvements and the estimated cost of the lmprovenieot1, all of which ab.all be o    ·
Jo   illspeclion by*e  !_)ublic.·	•	•	,	'    ;   • .     .'   /

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.	/ 8 ,/ Gommc11ciogYlll the ye tin whi h t e Assessment.s are levied.and confirmed, the.AJses11Denlll shall be P 411111 t
,. .	f ijiq eJ i11i'( 3Q).i!iiilyi o11\lill lllslaijine11\s. The As$CSSll!CDIS may be payable at the same time and in the
':iis aic ild\i orem taxes·and collei:ted pursuant to Chapter 197; Florida Stat11tts; provided, however, that in tho t the
ifoifQj-111.11on ad-valorem assessment method of collecting the Assessments is not available tQ the District in any year, or••
T. i.t'cdJ  lemi.ine,d   Y \h  P j t.tj9t \\fbe inits best interest, the A_sessmentsmay be coUec u is othepermitted .by law. . ·.
, 9;.: The,l)1stpcl Ma11ager ban:auseil to be made a preliminary assessment roll, 111 accordance with the mejllod of a sess!iicn@escrib!id iii ij\hl IIJI heieto, which shows the lots and lands assessed, the !IIIIOunt of ben tto and the as.sc:iiilient ag m ieai:hJ6t orllarcclof land and the number of annual installments into which the asseument may l,)e : divided,w!tlch assessme t r9ll ui hereby ac,lopted and approved as the District's preliminary aSleSllllent roll. . ·•.  · • ··	·.·
ICJ Q,'.f beBo1@ shall _adopt a subseq ent resolution to fix a.time and place at which the owneu of property to	..

or the making of t tJinprovemeots, the cost thereof, the manner of payment lherefo or the amoun.t

•. on1'oy oitshmernpieilrsons interested the.rew may appear before the Board and be heard as to the propnety and advi11bility of ··
t iajtts t:i ::t!i i,IPJt;#r s  fa ;:thi esoluti n to be published twl (once a w kJ!)r tw (2)
.wee s)1  .a i!w  sp_apet <>fg	ral ctrculallon V(lth!n Volusia County and to pTOVlde s uch_othcrnoltce u may
.•.	qu1r .lly law <lf desned in the best mtecests of the D1stnct.	.   .
!' 12.Thls Resi>lutio11 shall become effective upon its passage.	•	.	-   .  ·
l'ASSEJ) AJ'ij) ,\l)()J>TE,D t his 22nd day of July, 2020.	'
?-	frfb  tt '. /i ) . .	....·	2a	DEVELOPMENT DISTRICT
:: S  1etary//l.ss1st 11t Secretary ..	..	Chaitman, Board of Supcrvisou

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E	II A:,   Jn/egr / il!,f A.-:, Phi;m Al E11gineu's Report, doled July 14, 2020	•	·.
'f'.    blt,:_	:t;t;Jg1,/al Assessment ttho/fo/ogy  Report for the Integrated LPGA-     PhrJse ,4.1  Deyt Q_Jf'"nt, ;

THE NEWS-JOURNAL

Published Daily and Sunday Daytona Beach, Volusia County, Florida

State of Florida, County of Volusia

Before the undersigned authority personally appeared

Susan Stanford

who, on oath says that she is ....................................

LEGAL COORDINATOR

of The News-Journal, a daily and Sunday newspaper, published at Daytona Beach in Volusia County, Florida; the attached copy of advertisement, being a

PUBLIC NOTICE

L 2364064

in the Court,
was published in said newspaper in the issues............

JULY 29, AUGUST 5, 2020

Affiant further says that The News-Journal is a newspaper published at Daytona Beach, in said Volusia County, Florida, and that the said newspaper has heretofore been continuously published in said Volusia County, Florida, each day and Sunday and has been entered as second-class mail matter at the post office in Da ona Beach, in said Volusia County, Florida,  for  a  peod  ·f  one  year  next  preceding  the  first publication of the a ched copy of advertisement; and affiant fut1her says that has neither paid nor promised any person, firm   or co      a!J9n-	tsc nt, rebate, commission or

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refund fo Jhe""purpose of secu ing this advertisement for public	in the sai ig_JJl<W lll.l!r,t° 	..;;:------
This 5™ of AUGUST

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(A4.D:.2m020flLU,ll_  	.V4Jrn   _
49D

Beach, Ftorlda for the purP9se of hearjng comments and objections On ·the adoption  of ·tile  proP9sed budgets

INDIGOCQMf,WNl'fYDEVELOPMEIIT Dl. TRICT
·NOTICE'.OF PUJILIC NEAfUNG'TO
CO,t, $1D£ffTffE ADOPTION Of' THE
.F.ISC"' YE:AR 202 /20,21 SUDGitTS;. 'NOllCE..OF POS$1BLE RE"1:0TE PROCEl>,\IJIES DURING PUBLIC HEAi.TH EMERGENCY DUE TO CQVID 19; AND·NOTJCE OF REGULAR BOARD
OF SUPERVISORS' MEETING,
The Board of Supervisors (''Board") of the Indigo Community Development District ("District") wHI hold a publlc hearl"-g· on-August 26, 2029.at 1:00 p,m.:
at the· Aollday lnn··Daytona Beach LPGA Boulevard,  l:;17 Automall  Circle, Daytona

{"Propond 9udget'? of the OJstrlct for the fiscal year beglnnlng October 1, 2020 and ending September 30, 2021 (''Fiscal Vear 2020/2021'}, A reguJar board meeting of the District wlll also l;,e held at that time· where the Board may consider any _qtlier bljslness that may properly come before·it. A copy of the
agenda and Proposed .!3L1dget may be obtained at the offices of the D[strict Mana$e,t; Governmenta_, Management ServlceS,:--·llC, 475 -West .Town .Place,' Suite ll4.,.$t,. fiugustlne, Florida 32092, (904) 940·5fIBO· C'Dlstrlct Manager's 0ffl.ce\?/.durlryg·norf'rl.al puslrwss hours, or l;>y lsltlng the District's website at http://lnc;llgocdd,com,
It Is atlt[clj)ated that. the pub!ic hearlng and.:mel;!tlng wlll.. take place at the
Holfd,w :, Inn Daytona Beach LPGA Boulevard,·137 Automa!I Circle, Daytona Beachr Jto,rlda, In the event th.at the COVID:19'• publlc health emergency prevenbf.the'hearlng and meeting from occurrlng In-person, the District may conduC_t the publlc hearing by telephone or v!deo,-conferenc]ng communications media ,.technology pursuant to govemme,r1tal :.Q{9 _rs, ·Including but n_ot llmlted.to,EXecutlVe Orders 20·52, 20·69, and 2()·:11? l sued by Governor Desantis on Miirch. . 2020, March 20, 2020, and
Aprl_l 29,. 2020, respootlvely, and any
ext_ensl9Jl , or,. supplements .thereof, and pur.llu.int.1 ' to ··Section 120.54(5)(b)2., florlda Statutes,	.
While it' m 'be necessary to hold the above.     rerencj/ld : publ!c  hearing   and meeting, Utlllzlng communications media tecJm9lQgy .due· to'the current COVI0-19 publl.c .. !!alth:   emergency, . the  District fully encourages public partlclpallon ln _a safe and efficient manner. To that end, anyone wishing to listen lo and/or participate In the meeting can obtain the remote conference lnformatlon (Zoom Appllcallon Link and/or Calt•ln Number) by visiting the District's Website or contacting 'the District Manager's Offl1;:e, both Identified above, Participants are strongly encouraged to submit questions and comments to U:ie District Manager's Office at Jperry@gmsnf.com or by calllng (904) 940-5850 5:00 p,m, on August ·24, 2020 in .J _dvance of the meeting to facilitate the Board's consideration of such ques:tlons and comments during the meeting,

The publlc h!;!arlng.and meeting are open ' to the publlc and wlll be conducted In accordance with the provisions of Florida law, The Public hearing and meeting may tie continued to a date, tlme, and place lo be specif!ed on the record at the meeting, There may be occasions when Board supervisors or District Staff may
! part!c]pate by speaker telephon ,
!   • Any	person	requlrlng	special
accQmmodatlons at this meeting because of a disability or physical Impairment should contact the District
Manager's Office ai least forty•elght (48)
hours prlor to the meeting, If you are : hearing or speech Impaired, please contact the Florida Relay Service by
i     d\allng 7-H c:>r 1·800-955-8771(TTY)/ l-
800·955·8770   (Voice),   for   ald ln
. 1 contactlng:the Olstrlct. Manager's Office, Each person who decides to appeal any decision made by-the Board. wltt:i respect
! to any matter considered at the public·'

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hearing or ·meeting Is advised that   i person wlll _need a record of proceedings and th'at accordingly, the person may
i need to ensµre·that a,verbatim record of the proceedings Is made, Including the testimony and evidence uP9n whlch'such
i appe \ Is to be based,
Jim.Perry
Dlstrlct Manager i
L2364064 July 29, Aug 5, zo20 2t

<i-{':$	My Commission Expires
October 29, 2021

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,,, V /J,,	CYNTHIA ANDERSON
/.? % state ofFlorida-Notary Public
*	Commission# GG 155574

FOURTH ORDER OF BUSINESS

A.

INDIGO
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Indigo Community Development District was held Wednesday, June 24, 2020 at 1:00 p.m. using Zoom media technology pursuant to Executive Orders 20-52, 20-69 and 20-139 issued by Governor DeSantis and pursuant to Section 120.54(5)(b)2., Florida Statutes.

Present and constituting a quorum were:

Thomas G. Leek	Chairman
Robert E. Welsh	Vice Chairman
John McCarthy	Assistant Secretary
Donald Parks	Assistant Secretary
Mark McCommon	Assistant secretary Also Present were:
James Perry	District Manager
Katie Buchanan	District Counsel
Kurt von der Osten	Field Operations Manager
Jamie Rountree	Team Rountree
Ernesto Torres	GMS

FIRST ORDER OF BUSINESS	Roll Call
Mr. Perry called the meeting to order and called the roll.

SECOND ORDER OF BUSINESS	Audience Comments
There being none, the next item followed.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the May 27, 2020
Meeting

On MOTION by Mr. Leek seconded by Mr. McCarthy with all in favor the minutes of the May 27, 2020 meeting were approved as presented.

Mr. Parks and Mr. Welsh joined the meeting at this time.

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June 24, 2020	Indigo Community Development District

FOURTH ORDER OF BUSINESS	Discussion of the Fiscal Year 2021 Budget
Mr. Perry stated our public hearing is going to be August 26, 2020; we are about 92% collected, and we are also expecting some additional receipts from tax certificate sales. More than likely we will be looking at lowering the assessments this coming fiscal year and we will provide you a couple of options on that. At this time there are no recommendations on how much they will be reduced.

FIFTH ORDER OF BUSINESS	Staff Reports
District Counsel
The litigation is trudging along in light of the COVID delay. I will point out that we have been in contact frequently with Andre and George. They did the settlement and now they are trying to move forward with continued development on that property, but they are not yet ready to come to the board.
Mr. Perry stated in conjunction with that we do not have a July meeting, we have one in August so when we get to the end of the meeting today I will ask the board on a provisional basis to set a meeting for the end of July in case they get their documents ready and can move forward with a bond issue on those parcels, SW 30 and 32 parcels.
Ms. Buchanan stated in case anyone is wondering it would likely be a virtual meeting because the executive order was issued that extends the virtual meetings through the end of July.

District Engineer
There being none, the next item followed.

District Manager
There being none, the next item followed.

Field Operational Manager
Mr. von der Osten stated one of the biggest site projects since the last meeting has been rebuilding the architectural fountains at the entrance. We lost two vendors this year and fortunately, Team Rountree has put together some fountain technicians for us and we are rebuilding the internal components on these. They had been constructed with wood components

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June 24, 2020	Indigo Community Development District

and they keep rotting and falling apart. Jake with Rountree has fabricated aluminum frames for these entrances. We are starting at International Golf Drive; we have completed one and we are moving on to the second one. It should provide fewer problems for us going forward with a simpler design. The larger companies are no longer servicing these architectural fountains. I think we can maintain those inhouse except for electrical.
Mr. Rountree stated I hope everyone received the picture of the mockup of what the front entrance is going to look like. Mark and I got together and did the pictures of the magnolias, everything has been delivered, everything is ready to be installed. Some lighting and irrigation work was being done ahead of time. Both projects we had going, the entrance beds as well as the oak trees in Grand Champion have been done.

SIXTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
Mr. Leek asked the reduction in what we expect in operating expenses, do you have a feel for what that is going to be?
Mr. Perry stated I would imagine it is going to be between $20 and $50, probably skewed more towards the $50 side.
Mr. Leek stated in the past we have had a listing of what they have been each year for the last several years. Can we do that again?
Mr. Perry responded yes.

SEVENTH ORDER OF BUSINESS	Approval of Check Register

On MOTION by Mr. Leek seconded by Mr. Welsh with all in favor the check register was approved.

EIGHTH ORDER OF BUSINESS	Financial Statements as of May 31, 2020
A copy of the financial statements was included in the agenda package.

NINTH ORDER OF BUSINESS	Other Business
Mr. Perry stated I would like the board to approve a meeting for July 22, 2020 at 1:00 p.m. that will be held via Zoom and would be primarily be related to a potential bond issue for SW 30

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June 24, 2020	Indigo Community Development District

and 32 Parcels to get the assessment process started. If by chance the documents are not ready, we will just cancel the meeting.
Mr. Welsh asked does that mean we will have two meetings in August or just the one we have scheduled?
Mr. Perry stated we have to have the one we have scheduled for August 26th because that is the budget hearing. If the documents are ready on July 22nd and they would like to meet the week after, we will call the board and see if we will have a quorum. If it goes to the middle of August, it doesn’t make sense to have a separate meeting.

On MOTION by Mr. McCarthy seconded by Mr. Welsh with all in favor a special meeting was scheduled for July 22, 2020 at 1:00 p.m.

TENTH ORDER OF BUSINESS	Next Scheduled Meeting – August 26, 2020 at
1:00 p.m. @ Holiday Inn
Mr. Perry stated the next scheduled meeting is August 26, 2020 at 1:00 p.m. at the Holiday
Inn.

On MOTION by Mr. Welsh seconded by Mr. McCommon with all in favor the meeting adjourned at 1:13 p.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

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B.

INDIGO
COMMUNITY DEVELOPMENT DISTRICT

A special meeting of the Board of Supervisors of the Indigo Community Development District was held Wednesday, July 22, 2020 at 1:00 p.m. using Zoom media technology pursuant to Executive Orders 20-52, 20-69 and 20-150 issued by Governor DeSantis and pursuant to Section 120.54(5)(b)2., Florida Statutes.

Present and constituting a quorum were:

Thomas G. Leek	Chairman
Robert E. Welsh	Vice Chairman
John McCarthy	Assistant Secretary
Donald Parks	Assistant Secretary
Mark McCommon	Assistant secretary Also Present were:
James Perry	District Manager
Katie Buchanan	District Counsel
Kurt von der Osten	Field Operations Manager
Jamie Rountree	Team Rountree
Justin Rowan	MBS Capital Markets
Mark Watts	Cobb Cole
Andre Vidrine	Integrative Development Group

FIRST ORDER OF BUSINESS	Roll Call
Mr. Leek called the meeting to order and Mr. Perry called the roll.

SECOND ORDER OF BUSINESS	Audience Comments
There being none, the next item followed.

THIRD ORDER OF BUSINESS	Financing Matters
Consideration of Engineer’s Report
Mr. Perry stated this has to do with the Phase A1 development and we will go through a number of documents. The first one is consideration of the engineer’s report and that is provided by Poulos & Bennet, dated July 14, 2020. The report gives a background of the district and what

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July 22, 2020	Indigo Community Development District

these improvements are going to be. It is related to the first phase, which includes 195 single- family units and it goes through the acreage and land use and all the different infrastructure benefits the units that are going to be constructed along with an estimated cost for each of those components. It also has an ownership and maintenance matrix, which is standard in reports such as this and it has maps related to the proposed development along with a layout of the platted lots. The last page has a summary of costs estimated for all the infrastructure related to this initial phase. The engineer is on at this time if the board has any questions.
Mr. Leek asked where would this enter off of LPGA? Is it in back of the stadium?
Mr. Vidrine stated the main boulevard through the subdivision comes off of LPGA and that will eventually extend further to the east and connect with Grand Champion. There is in the northern phase of the residential development when you come off the main boulevard into the project that will connect eventually to the extension of Dunn Avenue.

On MOTION by Mr. Parks seconded by Mr. Walsh with all in favor the engineer’s report for Phase A1 Development was accepted as presented.

Consideration of Assessment Methodology Report
Mr. Perry stated the master special assessment methodology report is for the Phase A1 development and this report takes the engineer’s report and provides for an estimated financing for those improvements and that financing would be at 100%. This is the start of the assessment methodology process; we will come back and supplement this with close to what the bond issue will be. The developer will determine how much of the financing they want to take place in regard to this project, but it is based on 195 units and they are allocated between 40 and 50-foot lots. Based upon the construction improvement plan of almost $10 million they would issue
$11,745,000 worth of bonds and that would be spread over the planned units of 195. Table 4 provides what the debt per unit would be and the annual assessment per unit. Table 5 is the allocation on all the platted lots associated with the 195 lots in this first Phase. We will come back and supplement this based on the actual financing that will take place.
Mr. Leek asked on Table 5 is that $4,400 per lot?
Mr. Perry stated if the district were to issue bonds to finance the total cost of that infrastructure that would be the annual assessment for a 50-foot lot. Obviously, there would be

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July 22, 2020	Indigo Community Development District

problems economically with the developer having to issue bonds then try to pass it on to the ultimate property owner. The supplemental methodology that we come back with will be more in tune with what the developer’s plans are; the assessments might be higher and he might pay down assessments related to the sale of individual lots or sale of bulk lots so the lots could be marketed and meet the economic conditions that are out there right now.
Mr. Leek asked how would the developer do that?
Mr. Perry responded this is the start of the assessment process and this would be the maximum they could ever finance. I don’t know of any developer that has used the maximum and issued bonds based on that amount. Typically, we will supplement this, and the actual bond issue would be a lower amount. Let’s say they issue bonds for $5 million in total and the assessment is
$2,000 per fiscal year; obviously, if you look at the other lots in the LPGA and Daytona Beach area you couldn’t sustain or sell a lot with a $2,000 debt service assessment on it. What happens is at the time of closing the developer buys that down to what market conditions would be. They could reduce it by $1,000, $1,500 or even pay it off; that would be up to them.
Mr. Parks asked if it comes to fruition how long would it be?
Mr. Rowan stated based on some recent discussions we were going to try to time the bond issuance with the timing of completion of the infrastructure, which was estimated in the first quarter of 2021. I think that is when we pick this up and actually market and issue the bonds. Within that time there are other documents that staff will be in the process of preparing and that will come before the board as well in the coming months.
I had sent a couple comments before this report is deemed final. No changes to the numbers themselves but within the narrative I made a few comments related to the assumptions for the bond sizing so to the extent this is accepted by the board it could be accepted in substantial form.

On MOTION by Mr. Leek seconded by Mr. McCommon with all in favor the master assessment methodology report for Phase A1 was approved in substantial form.

Consideration of Resolution 2020-07 Declaring Special Assessments
Mr. Perry stated I will read the title of the resolution, which is, a resolution of the board of supervisors of the Indigo Community Development District declaring special assessments; indicating the location, nature and estimated cost of those infrastructure improvements whose cost

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July 22, 2020	Indigo Community Development District

is to be defrayed by the special assessments; providing the portion of the estimated cost of the improvements to be defrayed by the special assessments; providing the manner in which such special assessments shall be made; providing when such special assessments shall be paid; designating lands upon which the special assessments shall be levied; providing for an assessment plat; adopting a preliminary assessment roll; providing for publication of this resolution.
Also attached to this will be the engineer’s report and assessment methodology report. The resolution does have and references the cost of the improvements and the potential for bond debt issuance in regard to the $11,745,000. These assessments and the levy of this will be only to the Phase A1 development; it doesn’t affect any other lands within the district, it is specific to this development and the 195 lots associated with that.
Mr. McCommon asked Jamie, have you had any discussions about the common areas and signage or Kurt, related to entry signs and so forth? The entry off of LPGA are we going to have the same kind of wall and entry there as we have in other LPGA entries?
Mr. Rountree stated that is more Andre.
Mr. Vidrine stated the approved construction plans had an entry feature in it; it isn’t exactly the same as the ones existing within LPGA. They don’t match identically.
Mr. McCommon stated not that they are identical.
Mr. Vidrine stated we built one recently that is similar so we have one constructed and I can send a picture of that, but it is in the plans, it has a water feature, a couple different textures as far as stone and some siding, an intentional color layout. The one we did previously was for a 160-acre mixed use project and I kept the form and size proportionate to what they are driving into.
Mr. McCommon stated I just wanted to make sure there wasn’t an additional cost that we would be talking about for that and that it was covered in here. At some point in time we will be talking about common area maintenance.
Mr. Rountree stated we have already started those conversations.
Mr. Vidrine stated I want to make sure that LPGA feels like they are controlling their destiny and that it is not some random HOA that decides not to mow the grass and the whole place starts to look bad and it affects the entire master plan. We are very conscientious that we work closely with the board, with the CDD, with Jamie regarding long term maintenance.

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July 22, 2020	Indigo Community Development District

On MOTION by Mr. Parks seconded by Mr. McCommon with all in favor Resolution 2020-07 was approved.

Consideration of Resolution 2020-08 Setting a Public Hearing for the Purpose of Imposing Special Assessments
Mr. Perry stated this resolution dovetails back to the previous one and the resolution will set a public hearing date at which the assessments will be discussed for public input. The basis for this is related to the engineer’s report and the assessment methodology report. We will be doing mailed notice in regard to this to the property owner.
Ms. Buchanan stated I want to make sure that the board has a general comfort level with the project that is described in the engineer’s report and continue to understand that the assessment process just establishes the maximum for the assessments and they will likely be drawn down to target. Once we provide notice to the landowners of the impacted land then they have the opportunity at your hearing to come and express concerns. You would have more opportunity to ask questions at that hearing and then if everyone is comfortable, we would levy the master lien we have been discussing and we would come back at a later date with the project sized and assessment levels.
Mr. Perry asked are we looking at the August or September meeting for the public hearing? Mr. Rowan stated to the extent there are enough days in between now and the August board meeting, I would suggest you schedule it in conjunction with the August board meeting and
conclude the process.
Ms. Buchanan stated that will be fine.

On MOTION by Mr. Welsh seconded by Mr. McCommon with all in favor Resolution 2020-09 setting the public hearing for August 26, 2020 at 1:00 p.m. was approved.

Mr. Parks asked when this is advertised in the paper will it use the term “special assessment”?
Mr. Perry stated this is part of our regular advertised meeting, on our website we have the agenda that is posted a week before the meeting.
Ms. Buchanan stated there is a special advertisement for the assessment hearing that will be very on point for the purpose of explaining what the assessment hearing is.

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July 22, 2020	Indigo Community Development District

Mr. Parks stated I’m seeing a huge crowd when they see this.
Ms. Buchanan stated it will be very specific and say special assessment, but it will also include a map of the area that will be subject to the special assessments. Hopefully, it doesn’t bring out people who will not be affected.
Mr. Parks stated if at all possible, I think we ought to have the meeting at the Holiday Inn with appropriate distancing with masks.
Mr. Perry stated I will see. I don’t know if they are allowing meetings right now or not. A lot of facilities are not allowing public meetings.
Ms. Buchanan stated I understand the board has a sense of their neighbors and community, but I will do my best to make sure the assessment is very clear that it only impacts the lands that are going to be subject to the special assessment and no one else is going to have an increase in assessments or a new assessment on their property.
Mr. Perry stated also if you have neighbors and you talk with them and they still have a lot of questions, just refer them to me and I will give them a call back.

FOURTH ORDER OF BUSINESS	Consideration of Acquisition Agreement
Mr. Perry stated this an agreement with American SW-30 and this provides for various components of the engineer’s report that would be constructed with developer funds to later be acquired by the district and also that the developer could be reimbursed for the costs associated with that property that flows to the district, the infrastructure itself. This is a standard form agreement and normal with any district.
Ms. Buchanan stated we would ask that it be approved in substantial form. It is a relatively standard form of agreement and it commits the district to acquire certain infrastructure improvements from the developer and upon the issuance of bonds would then reimburse the developer with those bond proceeds. It doesn’t make any more commitments about the district issuing more bonds than what we will actually approve in the delegation resolution; it is not like an ongoing responsibility that the district has to pay, but it also governs the transaction of how the district acquires the infrastructure improvements that it will receive from the developer, what sort of certifications we would get from the engineer to make sure the improvements are of good quality and of an appropriate cost as well as making sure that we have any real property interest that we

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July 22, 2020	Indigo Community Development District

need to maintain and operate those improvements. We would ask that you approve it in substantial form and delegate authority to the chairman to sign between meetings.
Mr. McCommon asked in the second to last paragraph on page 1 it says, as validated up to
$75 million in special assessment bonds. I’m assuming that is since the inception in 1995. Or what does that $75 million represent?
Ms. Buchanan stated when a district decides it is going to move forward with bond issuance it has to have the bonds validated by a circuit court, generally we use a relatively high number so that we have the flexibility to continue to issue bonds during the lifespan of the district. Right now you have issued the 1999, 2005’s and you are nowhere close to the total threshold that the circuit court approved back in 1999. You have plenty of room to continue to issue bonds to continue to fund infrastructure improvements within your boundaries.
Mr. McCommon stated if we have a few more $10 million bond issues we would be getting
close.
Ms. Buchanan stated it is true, but you don’t just get one chance, there are plenty of districts
where we had to go back through validation, which is a relatively simple proceeding and the court will generally increase your threshold. I don’t see that happening; you have quite a bit left.

On MOTION by Mr. Leek seconded by Mr. Welsh with all in favor the acquisition agreement with American SW-30 Investments, LLC was approved in substantial form and the chairman was authorized to sign the agreement.

FIFTH ORDER OF BUSINESS	Other Business
There being none, the next item followed.

SIXTH ORDER OF BUSINESS	Next	Scheduled	Meeting	–	Wednesday,
August 26, 2020 at 1:00 p.m. @ Holiday Inn LPGA
Mr. Perry stated the next scheduled meeting is Wednesday, August 26, 2020 at 1:00 p.m. currently scheduled for the Holiday Inn. We will keep you apprised if we can have it there or not and I heard the preference of the board to have it in person and we will try to do that.
Mr. Welsh stated a thank you to Jamie Rountree for the magnolia trees at the entrance. It really looks nice as you come into Champions Drive.

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July 22, 2020	Indigo Community Development District

Mr. Rountree stated thank you, I appreciate it. We have to mulching to do up there, we are just waiting on delivery and after that the project will be complete.

On MOTION by Mr. Welsh seconded by Mr. Parks with all in favor the meeting adjourned at 1:30 p.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

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FIFTH ORDER OF BUSINESS

RESOLUTION 2020-09 [PHASE A1 DEVELOPMENT]
A RESOLUTION OF THE INDIGO COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING DISTRICT PROJECTS FOR CONSTRUCTION AND/OR ACQUISITION OF INFRASTRUCTURE IMPROVEMENTS; EQUALIZING, APPROVING, CONFIRMING, AND LEVYING SPECIAL ASSESSMENTS ON PROPERTY SPECIALLY BENEFITED BY SUCH PROJECTS TO PAY THE COST THEREOF; PROVIDING FOR THE PAYMENT AND THE COLLECTION OF SUCH SPECIAL ASSESSMENTS BY THE METHODS PROVIDED FOR BY CHAPTERS 170, 190 AND 197, FLORIDA STATUTES; CONFIRMING THE DISTRICT'S INTENTION TO ISSUE CAPITAL IMPROVEMENT REVENUE BONDS; MAKING PROVISIONS FOR TRANSFERS OF REAL PROPERTY TO HOMEOWNERS ASSOCIATIONS, PROPERTY OWNERS ASSOCIATION AND/OR GOVERNMENTAL ENTITIES; PROVIDING FOR THE RECORDING OF AN ASSESSMENT NOTICE; PROVIDING FOR SEVERABILITY, CONFLICTS AND AN EFFECTIVE DATE.

RECITALS

WHEREAS, Indigo Community Development District (“District”) previously indicated its intention to construct certain types of infrastructure improvements and to finance such infrastructure improvements through the issuance of bonds, which bonds would be repaid by the imposition of special assessments on benefited property within the District; and

WHEREAS, the District’s Board of Supervisors (“Board”) noticed and conducted a public hearing pursuant to Chapters 170, 190 and 197, Florida Statutes, relating to the imposition, levy, collection and enforcement of such assessments.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE INDIGO COMMUNITY DEVELOPMENT DISTRICT AS FOLLOWS:

SECTION 1. AUTHORITY FOR THIS RESOLUTION. This Resolution is adopted pursuant to Chapters 170, 190 and 197, Florida Statutes, including without limitation, Section 170.08, Florida Statutes.

SECTION 2. FINDINGS. The Board hereby finds and determines as follows:

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The District is a local unit of special-purpose government organized and existing under and pursuant to Chapter 190, Florida Statutes, as amended.

The District is authorized by Chapter 190, Florida Statutes, to finance, fund, plan, establish, acquire, install, equip, operate, extend, construct, or reconstruct roadway improvements, stormwater management improvements, utilities (water, sewer, reclaimed water), landscaping, irrigation and signage improvements, and undergrounding of electrical distribution and street lighting, and other infrastructure projects and services necessitated by the development of, and serving lands within, the District.

The District is authorized by Chapter 190, Florida Statutes, to levy and impose special assessments to pay all, or any part of, the cost of such infrastructure projects and services and to issue capital improvement revenue bonds payable from such special assessments as provided in Chapters 170, 190 and 197, Florida Statutes.

It is necessary to the public health, safety and welfare and in the best interests of the District that: (i) the District provide the Project (“Project”), the nature and location of which was initially described in Resolution 2020-07 and is shown in the Integrated LPGA – Phase A1 Engineer’s Report, dated July 14, 2020 (“Engineer’s Report”), and which Project’s plans and specifications are on file in the District’s records office at Governmental Management Services, LLC, 475 West Town Place, Suite 114, St. Augustine, Florida 32092; Ph: (904) 940-5850; (ii) the cost of such Project be assessed against the lands specially benefited by such Project; and (iii) the District issue bonds to provide funds for such purposes pending the receipt of such special assessments.

The provision of said Project, the levying of such Special Assessments (hereinafter defined) and the sale and issuance of such bonds serves a proper, essential, and valid public purpose and is in the best interests of the District, its landowners and residents.

In order to provide funds with which to pay a portion of the costs of the Project which are to be assessed against the benefitted properties, pending the collection of such Special Assessments, it is necessary for the District from time to time to sell and issue its Capital Improvement Revenue Bonds, in one or more series (“Bonds”).

By Resolution 2020-07, the Board determined to provide the Project and to defray the costs thereof by making Special Assessments on benefited property and expressed an intention to issue Bonds, notes or other specific financing mechanisms to provide a portion of the funds needed for the Project prior to the collection of such Special Assessments. Resolution 2020-07 was adopted in compliance with the requirements of Section 170.03, Florida Statutes, and prior to the time it was adopted, the requirements of Section 170.04, Florida Statutes, had been met.

As directed by Resolution 2020-07, said Resolution 2020-07 was published as required by Section 170.05, Florida Statutes, and a copy of the publisher’s affidavit of publication is on file with the Secretary of the Board.

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As directed by Resolution 2020-07, a preliminary assessment roll was adopted and filed with the Board as required by Section 170.06, Florida Statutes.

As required by Section 170.07, Florida Statutes, upon completion of the preliminary assessment roll, the Board adopted Resolution 2020-08 fixing the time and place of a public hearing at which owners of the property to be assessed and other persons interested therein may appear before the Board and be heard as to: (i) the propriety and advisability of making the infrastructure improvements constituting the Project, (ii) the cost thereof, (iii) the manner of payment therefore, and (iv) the amount thereof to be assessed against each specially benefited property or parcel and provided for publication of notice of such public hearing and individual mailed notice in accordance with Chapters 170, 190 and 197, Florida Statutes.

Notice of such public hearing was given by publication and also by mail as required by Section 170.07, Florida Statutes. Affidavits as to such publications and mailings are on file in the office of the Secretary of the Board.

On August 26, 2020, at the time and place specified in Resolution 2020-08 and the notice referred to in paragraph (k) above, the Board met as an Equalization Board and heard and considered all complaints and testimony as to the matters described in paragraph (j) above. The Board has made such modifications in the preliminary assessment roll as it deems necessary, just and right in the making of the final assessment roll.

Having considered the estimated costs of the Project, estimates of financing costs and all complaints and evidence presented at such public hearing, the Board further finds and determines:

that the estimated costs of the Project are as specified in the Engineer’s Report (attached as Exhibit A hereto and incorporated herein by this reference), which Engineer’s Report is hereby adopted and approved, and that the amount of such costs is reasonable and proper; and

it is reasonable, proper, just and right to assess the cost of such Project against the properties within the District specially benefited thereby using the method determined by the Board set forth in the Master Special Assessment Methodology Report for the Integrated LPGA – Phase A1 Development, dated July 15, 2020 (“Assessment Report”) attached hereto as Exhibit B and incorporated herein by this reference, which results in allocation of assessments in the manner set forth in the final assessment roll included therein (“Special Assessments”); and

it is hereby declared that the Project will constitute a special benefit to all parcels of real property listed on said final assessment roll and that the benefit, in the case of each such parcel, will be equal to or in excess of the Special Assessments thereon when allocated as set forth in Exhibit B; and

it is in the best interests of the District that the Special Assessments be paid and collected as herein provided.

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it is reasonable, proper, just and right for the District to utilize the true-up mechanisms and calculations contained in the Assessment Report in order to ensure that all parcels of real property benefiting from the Capital Improvement Plan are assessed accordingly and that sufficient assessment receipts are being generated in order to pay the corresponding bond debt service when due;

SECTION 3. AUTHORIZATION OF PROJECT. That certain Project for construction of infrastructure improvements initially described in Resolution 2020-07, and more specifically identified and described in Exhibit A attached hereto, is hereby authorized and approved and the proper officers, employees and/or agents of the District are hereby authorized and directed to take such further action as may be necessary or desirable to cause the same to be made.

SECTION 4. ESTIMATED COST OF IMPROVEMENTS. The total estimated costs of the Project and the costs to be paid by Special Assessments on all specially benefited property are set forth in Exhibits A and B, respectively, hereto.

SECTION 5. EQUALIZATION, APPROVAL, CONFIRMATION AND LEVY OF
SPECIAL ASSESSMENTS. The Special Assessments on parcels specially benefited by the Project, all as specified in the final assessment roll set forth in Exhibit B, attached hereto, are hereby equalized, approved, confirmed and levied. Immediately following the adoption of this Resolution these Special Assessments, as reflected in Exhibit B, attached hereto, shall be recorded by the Secretary of the Board of the District in a special book, to be known as the “Improvement Lien Book.” The Special Assessment or assessments against each respective parcel shown on such final assessment roll and interest, costs and penalties thereon, as hereafter provided, shall be and shall remain a legal, valid and binding first lien on such parcel until paid and such lien shall be coequal with the lien of all state, county, district, municipal or other governmental taxes and superior in dignity to all other liens, titles, and claims. Prior to the issuance of any bonds, including refunding bonds, the District may, by subsequent resolution, adjust the acreage assigned to particular parcel identification numbers listed on the final assessment roll to reflect accurate apportionment of acreage within the District amongst individual parcel identification numbers. The District may make any other such acreage and boundary adjustments to parcels listed on the final assessment roll as may be necessary in the best interests of the District as determined by the Board by subsequent resolution. Any such adjustment in the assessment roll shall be consistent with the requirements of law. In the event the issuance of bonds, including refunding bonds, by the District would result in a decrease of the Special Assessments, then the District shall by subsequent resolution, adopted within sixty (60) days of the sale of such bonds at a publicly noticed meeting and without the need for further public hearing, evidence such a decrease and amend the final assessment roll as shown in the Improvement Lien Book to reflect such a decrease.

SECTION 6. FINALIZATION OF SPECIAL ASSESSMENTS. When the entire Project
has both been constructed or otherwise provided to the satisfaction of the Board, the Board shall adopt a resolution accepting the same and determining the actual costs (including financing costs) thereof, as required by Sections 170.08 and 170.09, Florida Statutes. Pursuant to the provisions of Section 170.08, Florida Statutes, regarding completion of a project funded by a particular series of bonds, the District shall credit to each Special Assessment the difference, if any, between the Special Assessment as hereby made, approved and confirmed and the actual costs incurred in completing the

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Project. In making such credits, no credit shall be given for bond financing costs, capitalized interest, funded reserves or bond discounts. Such credits, if any, shall be entered in the Improvement Lien Book. Once the final amount of Special Assessments for the entire Project has been determined, the term “Special Assessment” shall, with respect to each parcel, mean the sum of the costs of the Project.

SECTION 7. PAYMENT OF SPECIAL ASSESSMENTS AND METHOD OF COLLECTION.

The Special Assessments may be paid in not more than thirty (30) substantially equal consecutive annual installments of principal and interest. The Special Assessments may be paid in full without interest at any time within thirty (30) days after the completion of the Project and the adoption by the Board of a resolution accepting the Project; provided, however, that the Board shall at any time make such adjustments by resolution, at a noticed meeting of the Board, to that payment schedule as may be necessary and in the best interests of the District to account for changes in long and short term debt as actually issued by the District. At any time subsequent to thirty (30) days after the Project has been completed and a resolution accepting the Project has been adopted by the Board, the Special Assessments may be prepaid in full including interest amounts to the next succeeding interest payment date or to the second succeeding interest payment date if such a prepayment is made within forty-five (45) calendar days before an interest payment date. The owner of property subject to Special Assessments may prepay the entire remaining balance of the Special Assessments or a portion of the remaining balance of the Special Assessment at any time if there is also paid, in addition to the prepaid principal balance of the Special Assessment, an amount equal to the interest that would otherwise be due on such prepaid amount on the next succeeding interest payment date, or, if prepaid during the forty-five (45) day period preceding such interest payment date, to the interest payment date following such next succeeding interest payment date. Prepayment of Special Assessments does not entitle the property owner to any discounts for early payment.

The District may elect to use the method of collecting Special Assessments authorized by Sections 197.3632 and 197.3635, Florida Statutes (“Uniform Method”). The District has heretofore taken or will use its best efforts to take as timely required, any necessary actions to comply with the provisions of said Sections 197.3632 and 197.3635, Florida Statutes. Such Special Assessments may be subject to all of the collection provisions of Chapter 197, Florida Statutes. Notwithstanding the above, in the event the Uniform Method of collecting its special or non-ad valorem assessments is not available to the District in any year, or if determined by the District to be in its best interest, the Special Assessments may be collected as is otherwise permitted by law. The District may, in its sole discretion, collect Special Assessments by directly assessing landowner(s) and enforcing said collection in any manner authorized by law. Such special assessments shall at all times be collected in a manner consistent with applicable trust indenture.

For each year the District uses the Uniform Method, the District shall enter into an agreement with the Tax Collector of Volusia County who may notify each owner of a lot or parcel within the District of the amount of the special assessment, including interest thereon, in the manner provided in Section 197.3635, Florida Statutes.

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SECTION 8. APPLICATION OF TRUE-UP PAYMENTS.

Pursuant to the Assessment Report, attached hereto as Exhibit B, there may be required from time to time certain true-up payments. As parcels of land or lots are platted, the Assessments securing the Bonds shall be allocated as set forth in the Assessment Report. In furtherance thereof, at such time as parcels or land or lots are platted, it shall be an express condition of the lien established by this Resolution that any and all initial plats of any portion of the lands within the District, as the District’s boundaries may be amended from time to time, shall be presented to the District Manager for review, approval and calculation of the percentage of acres and numbers of units which will be, after the plat, considered to be developed. No further action by the Board of Supervisors shall be required. The District’s review shall be limited solely to this function and the enforcement of the lien established by this Resolution. The District Manager shall cause the Assessments to be reallocated to the units being platted and the remaining property in accordance with Exhibit B, cause such reallocation to be recorded in the District’s Improvement Lien Book, and shall perform the true-up calculations described in Exhibit B, which process is incorporated herein as if fully set forth (“True-Up Methodology”). Any resulting true-up payment shall become due and payable that tax year by the landowner(s) of record of the remaining unplatted property, in addition to the regular assessment installment payable with respect to such remaining unplatted acres.

The District will take all necessary steps to ensure that true-up payments are made in a timely fashion to ensure its debt service obligations are met. The District shall record all true-up payments in its Improvement Lien Book.

The foregoing is based on the District’s understanding with the majority landowners and developers in the District intend to develop the unit numbers and types shown in Exhibit B, on the net developable acres and is intended to provide a formula to ensure that the appropriate ratio of the Assessments to gross acres is maintained if fewer units are developed. However, no action by the District prohibits more than the maximum units shown in Exhibit B from being developed. In no event shall the District collect Assessments pursuant to this Resolution in excess of the total debt service related to the Capital Improvement Plan, including all costs of financing and interest. The District recognizes that such events as regulatory requirements and market conditions may affect the timing and scope of the development in the District. If the strict application of the True-Up Methodology to any assessment reallocation pursuant to this paragraph would result in Assessments collected in excess of the District’s total debt service obligation for the Capital Improvement Plan, the Board shall by resolution take appropriate action to equitably reallocate the Assessments. Further, upon the District’s review of the final plat for the developable acres, any unallocated Assessments shall become due and payable and must be paid prior to the District’s approval of that plat.

The application of the monies received from true-up payments or Assessments to the actual debt service obligations of the District, whether long term or short term, shall be set forth in the supplemental assessment resolution adopted for each series of Bonds actually issued. Such subsequent resolution shall be adopted at a noticed meeting of the District, and shall set forth the actual amounts financed, costs of issuance, expected costs of collection, and the total amount of the assessments pledged to that issue, which amount shall be consistent with the lien imposed by this Resolution. Each such supplemental resolution shall also address the allocation of any impact fee

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credits expected to be received from the provision of the Project funded by the corresponding series of Bonds issued or to be issued.

SECTION 9. PROPERTY OWNED BY HOMEOWNERS ASSOCIATIONS, PROPERTY OWNERS ASSOCIATIONS OR GOVERNMENAL ENTITIES. Property owned
by units of local, state, and federal government shall not be subject to the Special Assessments without specific consent thereto. In addition, property owned by a property owners association or homeowners association that is exempt from special assessments under Florida law shall not be subject to the Special Assessments. If at any time, any real property on which Special Assessments are imposed by this Resolution is sold or otherwise transferred to a unit of local, state, or federal government (without consent of such governmental unit to the imposition of Special Assessments thereon) or property owner’s association, all future unpaid Special Assessments for such tax parcel shall become due and payable immediately prior to such transfer without any further action of the District.

SECTION 10. ASSESSMENT NOTICE. The District’s Secretary is hereby directed to record a general Notice of Assessments in the Official Records of Volusia County, Florida, which shall be updated from time to time in a manner consistent with changes in the boundaries of the District.

SECTION 11. SEVERABILITY. If any section or part of a section of this Resolution be declared invalid or unconstitutional, the validity, force and effect of any other section or part of a section of this Resolution shall not thereby be affected or impaired unless it clearly appears that such other section or part of a section of this Resolution is wholly or necessarily dependent upon the section or part of a section so held to be invalid or unconstitutional.

SECTION 12. CONFLICTS. All resolutions or parts thereof in conflict herewith are, to the extent of such conflict, superseded and repealed.

SECTION 13. EFFECTIVE DATE. This Resolution shall become effective upon its adoption.

[CONTINUED ON FOLLOWING PAGE]

7

APPROVED AND ADOPTED THIS 26th DAY OF AUGUST, 2020.

INDIGO COMMUNITY DEVELOPMENT DISTRICT

Secretary	Chairman, Board of Supervisors

Exhibit A:	Integrated LPGA – Phase A1 Engineer’s Report, dated July 14, 2020
Exhibit B:	Draft Master Special Assessment Methodology Report for the Integrated LPGA – Phase A1 Development, dated July 15, 2020

8

EXHIBIT A

Indigo Community Development District Integrated LPGA – Phase A1 ENGINEER'S REPORT

Prepared For
Indigo Community Development District

Date
July 14, 2020

2602 East Livingston Street | Orlando, Florida 32803 | Tel: 407.487.2594 | www.poulosandbennett.com FBPE Certificate of Authorization No. 28567

Indigo Community Development District Integrated LPGA Phase A1
Engineer’s Report for Capital Improvements

Indigo Community Development District Integrated LPGA – Phase A1
ENGINEER'S REPORT
City of Daytona Beach, Florida

Prepared For:
Indigo Community Development District

Date:
July 14, 2020

2602 East Livingston Street | Orlando, Florida 32803 | Tel: 407.487.2594 | Fax: 407.487.2594 | www.poulosandbennett.com FBPE Certificate of Authorization No. 28567

Indigo Community Development District Integrated LPGA Phase A1
Engineer’s Report for Capital Improvements

TABLE OF CONTENTS

Section 1	Introduction
Background
Location & General Description
District Purpose and Scope
Description of Land Use

Section 2	Government Actions

Section 3	Infrastructure Benefit

Section 4	Capital Improvement Plan

Section 5	Description of Capital Improvement Plan
Roadway Improvements
Stormwater Management
100-Year Floodplain
Master Infrastructure
Primary Roadways
Potable Water Distribution System
Reclaimed Water Distribution System
Wastewater System
Parks, Landscape and Hardscape
Undergrounding of Electrical Distribution and Street Lights
Professional and Inspection Fees

Section 6	Ownership & Maintenance

Section 7		Roadway Rights-of-Way, Stormwater Management Ponds & Other Open Spaces

Section 8	Estimate of Probable Capital Improvement Costs Section 9	Conclusions and Summary Opinion

Indigo Community Development District Integrated LPGA Phase A1
Engineer’s Report for Capital Improvements Exhibits
Exhibit 1	Indigo CDD Map

Exhibit 2	Vicinity Map

Exhibit 3	Location Map

Exhibit 4	District Boundary Map and Legal Description Exhibit 5	Proposed Public and Private Uses within the CDD Exhibit 6	Site Plan
Exhibit 7	Post-Development Basin Map

Exhibit 8	FEMA 100-Year Floodplain

Exhibit 9	Offsite LPGA Boulevard Improvements

Exhibit 10	Potable Water Distribution System

Exhibit 11	Reclaimed Water Distribution System

Exhibit 12	Wastewater Collection System

Exhibit 13	Estimate of Probable Capital Improvement Costs

Indigo Community Development District Integrated LPGA Phase A1
Engineer’s Report for Capital Improvements

Section 1	Introduction
Background

The Engineer’s Report for Capital Improvements (the “Report”) for the Integrated LPGA Phase A1 of the Indigo Community Development District (the “District”) has been prepared to assist with the financing and construction of capital improvements contemplated to be constructed, acquired and/or installed within the District or outside of the District (the “Capital Improvement Plan”) pursuant to requirements of the City of Daytona Beach and Volusia County, Florida.

Capital Improvements reflected in this Report represent, and are limited to, the current Capital Improvement Plan for the Integrated LPGA Phase A1 (the “Development”) portion of the District. The majority of the necessary regulatory approvals have not been obtained for the Development (hereinafter defined). The remaining permits necessary to complete the Development are expected to be obtained in the future during the normal design and permitting processes.  To the best of our knowledge and belief,  it is our opinion that the balance of the required permits are obtainable as needed. The implementation of any improvements discussed in this plan requires the final approval by many regulatory and permitting agencies as outlined in Section 2 below. This report, therefore, may be amended from time to time.

Cost Estimates contained in this report have been prepared based on the best available information at this time. The actual costs of construction, final engineering design, planning, approvals and permitting may vary from the cost estimates presented.

Location and General Description

The overall Indigo CDD is reflected in Exhibit 1 – Indigo CDD Map and is located in the City of Daytona Beach, Volusia County, Florida. The Integrated LPGA Phase A1 portion of the District is an 87.12 +\- acre parcel. More specifically, the parcel is located within a portion of Sections 29 and 28, Township 15, Range 32 East lying east of LPGA Blvd., and northwest of US Highway 92. Please refer to Vicinity Map Exhibit 2 and Location Map Exhibit 3. The proposed Phase A1 project is the first phase of a three (3) phase development of Integrated LPGA and includes approximately 195 single family homes. The Development is part of the overall three (3) phase Integrated LPGA project and is zoned Planned Development (PD). A more detailed breakdown of the anticipated development program is as follows:

40’ Single Family	113 Units 50’ Single Family		82 Units Total	195 Units

The above unit breakdown is based upon the Construction Plans referenced as “Integrated LPGA – Phase A1”, submitted to the City of Daytona Beach on July 1, 2020 for approval. The District Boundary Map and Legal Description are included as Exhibit 4.

District Purpose and Scope

The District was established for the purpose of financing, acquiring or constructing, maintaining and operating a portion of the public infrastructure necessary for community development within the District. The purpose of this report is to provide a description of the public infrastructure improvements that may be financed by the District. The District may finance, acquire and/or, construct, operate, and maintain certain public infrastructure improvements that are needed to serve the Development. All, or a portion of, the infrastructure improvements will be financed (1) with the proceeds of bonds issued by the District

Indigo Community Development District Integrated LPGA Phase A1
Engineer’s Report for Capital Improvements

and/or (2) by the Developer.

The proposed public infrastructure improvements, as outlined herein, are necessary for the development of the District as required by the applicable independent unit of local government.

Description of Land Use

The lands within the District encompass approximately 87.12 +\- acre. Based on the current PD zoning for the property, the development program currently consists of 195 single family homes. The approved land uses within the District include the following areas outlined in the table below. Exhibit 5 provides the location of the development uses below.

Proposed Development	Approximate Acres	
Private (Single Family Lots)	28.29	
Stormwater	22.95	
Recreational Space	6.97	
Open Space	1.78	
Right-of-Way Tracts	11.66	
Utility Tracts	0.08	
Conservation Area & Wetlands	15.39	
Total Acres	87.12	

Section 2	Government Actions
The following are the permitting agencies that will have jurisdiction for approval of construction within the District. Depending on the location and scope of each phase of project design, the individual permits that need to be obtained will need to be evaluated and not all of the permits listed below will necessarily apply to every sub-phase within the District. The property is currently located in the City of Daytona Beach with work being completed within Volusia County.

Permitting Agencies & Permits Required

City of Daytona Beach
Planned Development Rezoning
Final Plat/Subdivision Construction Plans

Volusia County
Use Permit – LPGA Boulevard Improvements

St. Johns River Water Management District (SJRWMD)
Environmental Resource Permit
Final Engineering for Onsite and Offsite Improvements

Indigo Community Development District Integrated LPGA Phase A1
Engineer’s Report for Capital Improvements

Water Use Permit (Dewatering)
Mass Grading/Master Storm
Final Engineering for Onsite and Offsite Improvements

Florida Department of Environmental Protection (FDEP)
Water Distribution System via Volusia County Health Department
Sanitary Sewer Collection and Transmission System
National Pollutant Discharge Elimination System (NPDES)

Federal Emergency Management Agency
Letter of Map Revision

Army Corp of Engineers
Dredge and Fill Permit

Florida Fish and Wildlife Conservation Commission (FWC)

Section 3 Infrastructure Benefit
The District will fund, and in certain cases, maintain and operate public infrastructure yielding two types of public benefits. These benefits include:

Project wide public benefits
Incidental public benefits
The project wide public benefits are provided by infrastructure improvements that serve all lands in the District. These public infrastructure improvements include construction of the master stormwater management system, the sanitary sewer, potable water, and reclaimed water mains, roadway network, offsite roadway and utility improvements, and perimeter landscape and irrigation improvements within the District boundary. However some incidental public benefits include those benefits received by the general public who do not necessarily reside on land owned or within the District.

The proposed capital improvements identified in this report are intended to provide specific benefit to the assessable real property within the boundaries of the District. As the property is undeveloped, with the construction and maintenance of the proposed infrastructure improvements are necessary and will benefit the property for the intended use as a residential community. The District can construct, acquire, own, operate and/or maintain any portion or all of the proposed infrastructure. The Developer and/or other party/parties may construct and fund the infrastructure not funded by the District.

Section 4	Capital Improvement Plan
The District capital improvements will connect and interact with the adjacent offsite roads, potable water, reclaimed water, and sanitary sewer systems. The proposed infrastructure improvements addressed by this Report include elements internal and external to the District. The elements include the master stormwater management and drainage systems, roadway improvements, landscaping, street lighting, pavement markings and signage, as well as potable water main, reclaimed water main and sanitary sewer extensions required to provide utility service to the District. Detailed descriptions of the proposed capital improvements are provided in the following sections and Exhibits 5 through 12. Exhibit 13 details the Cost Opinion for the District’s capital improvement plan.

Indigo Community Development District Integrated LPGA Phase A1
Engineer’s Report for Capital Improvements

The Capital Improvement Plan will be constructed and financed in logical segments, as property within the District is developed by the Developer. The District anticipates issuing multiple series of bonds to fund all or a portion of the Capital Improvement Plan.
Section 5	Description of Capital Improvement Plan
Roadway Improvements

As indicated above, the District will fund all roadway construction internal and external to the District consisting of local subdivision roadways and the extension of Grand Champion Boulevard. The costs for such improvements are included on Exhibit 13. Exhibit 5 - Proposed Public and Private Uses within the CDD and Exhibit 9 – Offsite LPGA Boulevard Improvements provide a graphical representation of the proposed roadway improvements. The local roadways may or may not be open to the public.

Stormwater Management

As indicated above, the District may fund the construction of the master stormwater management system for the lands within the District. This system is made up of wet detention stormwater treatment ponds, control structures, spreader swales, inlets, manholes and storm pipes. The proposed ponds and outfall structures will be designed to provide water quality treatment and attenuation in accordance with City of Daytona Beach and the St Johns River Water Management District regulations. The stormwater management system will be designed to accommodate on-site runoff in addition to offsite flows which have historically entered the project site. Exhibit 7, Post-Development Basin Map provides a graphical representation of the currently proposed stormwater management system.

100-Year Floodplain

Pursuant to the Federal Emergency Management Agency’s (FEMA) Flood Insurance Rate Map (FIRM) panel 12127C0363H dated February 19, 2014, no portion of the project site is located within the 100- year Flood Hazard Area (FHA), Zone AH – 100-year floodplain with an established base flood elevation of 27.0’ NAVD 88. Exhibit 8, FEMA 100-Year Floodplain details the floodplain limits relative to the District boundaries.

Any development within a mapped floodplain would require a Letter of Map Revision to be issued by FEMA to remove the development from the floodplain. In addition, the placement of fill within the floodplain is regulated by the SJRWMD and City of Daytona Beach, any filled areas below the floodplain will require mitigation in the form of compensating storage.

Master Infrastructure
Primary Roadways

Based on the current approved Construction Plans, the roadway improvements include approximately 3,218 linear feet of road and will define the major ingress and egress points throughout the Development. The roadways will also serve as locations for the placement of utility infrastructure needed to serve the development of the project, see Exhibits 5 and 6. In addition to the onsite roadways, offsite roadway intersection improvements to LPGA Boulevard/CR 4019, as required by Volusia County to serve the project, are included in the Master Infrastructure serving the District.

Indigo Community Development District Integrated LPGA Phase A1
Engineer’s Report for Capital Improvements

Potable Water Distribution System

The District may fund the construction of the water distribution system within the District and those portions outside the District required to connect to existing or proposed offsite facilities. The potable water system will be conveyed to, and owned and maintained by, the City of Daytona Beach once it has been certified complete. The water mains within the District will be sized to provide water to the residents of the District and will be required to be designed and constructed based on an approved Master Utility Plan (MUP). Exhibit 10, Potable Water Distribution System, provides a graphical representation of the contemplated water mains to be constructed within the District.
Reclaimed Water Distribution System

The District may fund the construction of the reclaimed water distribution system within the District and those portions outside the District required to connect to existing or proposed offsite facilities. The reclaimed water system will be conveyed to, and owned and maintained by, the City of Daytona Beach once it has been certified complete by the District. The reclaimed water mains serving the District will be sized to provide reclaimed water to the lot boundaries and common areas within the District and will be required to be designed and constructed based on an approved MUP. Exhibit 11, Reclaimed Water Distribution System, provides a graphical representation of the existing and proposed offsite reclaimed water system and onsite system contemplated within the District.

Wastewater System

The District may fund the construction of the gravity sewer, force main, and lift station infrastructure within the District and those portions outside the District required to connect to existing or proposed offsite facilities. The wastewater system will be conveyed to, and owned  and maintained by, the City of Daytona Beach once it has been certified complete by the District. The sewer collection mains, lift station and force mains serving the District will be sized to provide wastewater service to the residents and of the District, and will be required to be designed and constructed based on an approved MUP. Exhibit 12, Wastewater Collection System, provides a graphical representation of the proposed offsite wastewater system and onsite system contemplated within the District.

Landscape, Irrigation & Hardscape

The District will fund landscape, irrigation and hardscape construction within Grand Champion Boulevard right-of-way which may include roadway street trees and landscaping, master signage, way finding signage through the development, entry hardscape features, and entry landscape and hardscape. The District will own and maintain foregoing improvements.

Undergrounding of Electrical Distribution and Street Lights

Most, if not all, District constructed Master Infrastructure will include underground electric and street lighting. The street lighting system will be constructed in cooperation with the City of Daytona Beach, Florida Power & Light, and the Developer. The District will fund the cost to trench the underground installation only. Any leasing and monthly service charges associated with the street lighting fixtures along roadways within the District will not be financed through

Indigo Community Development District Integrated LPGA Phase A1
Engineer’s Report for Capital Improvements

bond proceeds. Florida Power and Light and the appropriate community entity will own and maintain the electric and street light infrastructure.

Professional and Inspection Fees

For the design, permitting and construction of the proposed District Capital Improvement Plan, professional services are required by various consultants. The consultant services may include, but are not limited to, civil engineering, geotechnical engineering, planning, environmental, surveying, and landscape architect. During construction, the various permitting agencies will observe and inspect the project. Each of the agencies will charge an inspection fee to cover the costs associated with an  inspector visiting the site to observe construction progress and confirm that the project is constructed in accordance with their respective approved plans, permits, rules, and regulations. The Professional Services and Inspections Fees are included as Soft Costs for the District Capital Improvement Plan.

Section 6	Ownership and Maintenance

Capital Improvements Plan	Ownership	Maintenance	
Onsite Roadway Improvements (includes Grand Champion Blvd. and subdivision
roads)	
City	
City	
LPGA Offsite Roadway Improvements	County	County	
Master Stormwater Management System	District	District	
Potable Water Distribution System	City	City	
Sanitary Sewer System	City	City	
Reclaimed Water Distribution System	City	City	
Grand	Champion	Blvd.	Landscaping,
Irrigation and Signage	District (1)	District/HOA	
Undergrounding of Electrical Distribution
& Street Lighting	Florida Power & Light	Florida Power & Light	
(1)	Per Use Agreement with City of Daytona Beach

Section 7	Roadway	Rights-of-Way,	Stormwater	Management Ponds and Other Open Spaces
Real property interests for lands within the District needed for construction, operation, and maintenance of District facilities will be conveyed and/or dedicated by the owner thereof to the District, HOA or other Public entity at no cost.

Section 8	Estimate of Probable Capital Improvement Costs
The Estimate of Probable Capital Improvement Plan Costs is provided in Exhibit 13. Costs associated with construction of the improvements described in this report have been estimated based on the best available information. Other soft costs include portions of the surveying, design and engineering for the described work, regulatory permitting inspection fees and materials testing. A reasonable project contingency was included.

Indigo Community Development District Integrated LPGA Phase A1
Engineer’s Report for Capital Improvements

Please note that the costs are preliminary in nature and subject to change based on final engineering, permitting, and changes in the Concept Plan and construction cost due to market fluctuation.

Section 9 Conclusions and Summary Opinion
The Capital Improvement Plan (CIP) as described is necessary for the functional development of the property within the District as required by the applicable local governmental agencies. The planning and design of the infrastructure will be in accordance with current governmental regulatory requirements. The public infrastructure as described in this Report will serve its intended function provided the construction is in substantial compliance with the future design and permits which will be required by the District for the various jurisdictional entities outlined earlier in this report. In addition to the annual non-ad valorem assessments to be levied and collected to pay debt service on the proposed bonds, the District will levy and collect an annual "Operating and Maintenance" assessment to be determined, assessed and levied by the District's Board of Supervisors upon the assessable real property within the District, for the purpose of defraying the cost and expenses of maintaining District-owned improvements.

The construction costs for the District’s CIP are based on the Integrated LPGA Phase A1 Construction Plans, dated July 1, 2020. In our professional opinion, and to the best of our knowledge and belief, the costs provided herein for the District are reasonable to complete the construction of the infrastructure improvements described herein. All of the proposed infrastructure Capital Improvement Plan costs are public improvements or community facilities as set forth in sections 190.012(1) and (2) of the Florida Statutes.

The summary of probable infrastructure construction costs is only an opinion and not a guaranteed maximum price. Historical costs, actual bids and information from other professionals or contractors have been used in the preparation of this report. Contractors who have contributed in providing the cost data included in this report are reputable entities with experience in Central Florida. It is therefore our opinion that the construction of the proposed District Capital Improvement Plan can be completed at the costs as stated.

The labor market, future costs of equipment and materials, increased regulatory actions and requirements, and the actual construction process are all beyond our control. Due to this inherent opportunity for fluctuation in cost, the total final cost may be more or less than this opinion.

As District Engineer: Poulos & Bennett, LLC

Marc D. Stehli, PE
State of Florida Professional Engineer No. 52781

Indigo Community Development District Integrated LPGA Phase A1
Engineer’s Report for Capital Improvements

Exhibits

Indigo CDD Map
Integrated LPGA Phase A1	N

February 6, 2020
P & B Job No.: 18-015

2602 E. Livingston St. Orlando, Florida 32803- 407.487.2594

www.poulosandbennett.com Certificate of Authorization No. 28567

Exhibit 1

Vicinity Map
Integrated LPGA Phase A1	N

February 6, 2020
P & B Job No.: 18-015

2602 E. Livingston St. Orlando, Florida 32803- 407.487.2594

www.poulosandbennett.com Certificate of Authorization No. 28567

Exhibit 2

Location Map
Integrated LPGA Phase A1	N

February 6, 2020
P & B Job No.: 18-015

2602 E. Livingston St. Orlando, Florida 32803- 407.487.2594

www.poulosandbennett.com Certificate of Authorization No. 28567

Exhibit 3

District Boundary Map and Legal Description
Integrated LPGA Phase A1

February 6, 2020
P & B Job No.: 18-015

2602 E. Livingston St. Orlando, Florida 32803- 407.487.2594

www.poulosandbennett.com Certificate of Authorization No. 28567

Exhibit 4

District Boundary Map and Legal Description
Integrated LPGA Phase A1

February 6, 2020
P & B Job No.: 18-015

2602 E. Livingston St. Orlando, Florida 32803- 407.487.2594

www.poulosandbennett.com Certificate of Authorization No. 28567

Exhibit 4

Proposed Public and Private Uses Within CDD
Integrated LPGA Phase A1	N

February 6, 2020
P & B Job No.: 18-015

2602 E. Livingston St. Orlando, Florida 32803- 407.487.2594

www.poulosandbennett.com Certificate of Authorization No. 28567

Exhibit 5

Site Plan
Integrated LPGA Phase A1	N

February 6, 2020
P & B Job No.: 18-015

2602 E. Livingston St. Orlando, Florida 32803- 407.487.2594

www.poulosandbennett.com Certificate of Authorization No. 28567

Exhibit 5

Basin OFF-2B (3.84 Ac.)

Basin OFF-2A (6.54 Ac.)

Basin POST-16 (0.55 Ac.)

POND-4

Basin POST-4 (4.67 Ac.)

Basin WETLAND-6A (2.46 Ac.)

Basin POST-15 (0.56 Ac.)

Basin POST-2 (7.87 Ac.)

Basin OFF-3B (2.07 Ac.)

POND-1

Basin POST-1 (7.91 Ac.)

Basin OFF-3A (8.67 Ac.)

POND-2

POND-5

Basin _P&B DRAIN BASINS : 125 (3.19 Ac.)

Basin WETLAND-6B (3.13 Ac.)

Basin POST-5	BOUNDARY-1 (12.89 Ac.)

Basin POST-6 (11.25 Ac.)

Basin POST-11 (4.57 Ac.)

POND 3

POND 6

Basin POST-13 (0.81 Ac.)

Basin OFF-3C (2.56 Ac.)

Basin POST-7 (10.18 Ac.)

Basin POST-3 (10.11 Ac.)

Basin POST-14 (0.05 Ac.)

Basin POST-12 (6.92 Ac.)

Basin OFF-4 (18.72 Ac.)

POND 7

Post-Development Basin Map
Integrated LPGA Phase A1

Basin OFF-5 (0.87 Ac.)

N

February 14, 2020
P & B Job No.: 18-015

2602 E. Livingston St. Orlando, Florida 32803- 407.487.2594

www.poulosandbennett.com Certificate of Authorization No. 28567

Exhibit 7

LEGEND

FEMA 100-Year Floodplain
Integrated LPGA Phase A1	N

February 6, 2020
P & B Job No.: 18-015

2602 E. Livingston St. Orlando, Florida 32803- 407.487.2594

www.poulosandbennett.com Certificate of Authorization No. 28567

Exhibit 8

Offsite LPGA Boulevard Improvements
Integrated LPGA Phase A1	N

February 6, 2020
P & B Job No.: 18-015

2602 E. Livingston St. Orlando, Florida 32803- 407.487.2594

www.poulosandbennett.com Certificate of Authorization No. 28567

Exhibit 9

Potable Water Distribution System
Integrated LPGA Phase A1	N

February 14, 2020
P & B Job No.: 18-015

2602 E. Livingston St. Orlando, Florida 32803- 407.487.2594

www.poulosandbennett.com Certificate of Authorization No. 28567

Exhibit 10

Reclaim Water Distribution System
Integrated LPGA Phase A1	N

February 14, 2020
P & B Job No.: 18-015

2602 E. Livingston St. Orlando, Florida 32803- 407.487.2594

www.poulosandbennett.com Certificate of Authorization No. 28567

Exhibit 11

Wastewater Collection System
Integrated LPGA Phase A1	N

February 14, 2020
P & B Job No.: 18-015

2602 E. Livingston St. Orlando, Florida 32803- 407.487.2594

www.poulosandbennett.com Certificate of Authorization No. 28567

Exhibit 12

EXHIBIT 13		
Inetgrated LPGA - Phase A1
Estimate of Probable Capital Improvement Costs July 2020		
Facility	Estimated Cost	
Undergrounding of Electrical Distribution & Street Lighting	$338,000	
Onsite Roadway Improvements (includes Grand Champion Blvd. and subdivision roads)	$1,477,570	
Master Stormwater Management System (Drainage pipes, Ponds & Outfall Structures)	$3,736,266	
Potable Water Distribution (Pipes, Fittings, Valves, etc.)	$203,518	
Sanitary Sewer System (Lift Stations, Pipes, Fittings, Valves, Structures)	$1,126,434	
Reclaimed Water Distribution (Pipes, Fittings, Valves, etc.)	$372,426	
Grand Champion Blvd. Landscaping, Irrigation and Hardscape	$593,786	
LPGA Offsite Roadway Improvements	$381,627	
Subtotal	$8,229,627	

Professional Fees (10%)	
$822,963	
Subtotal	$9,052,589	

Contingency (10%)	
$905,259	
Total	$9,957,848	

EXHIBIT B

DRAFT

Indigo
Community Development District

Master Special Assessment Methodology Report For the Integrated LPGA – Phase A1 Development

July 15, 2020

Prepared by

Governmental Management Services, LLC

Table of Contents

Introduction
Purpose	1
Scope of the Report	1
Special and General Benefits	1
Organization of this Report	2
Development Program for Indigo
Overview	3
The Development Program	3
The Capital Improvement Program for Indigo
Engineering Report	3
Capital Improvement Program	3
Financing Program for Indigo
Overview	4
Type of Special Assessment Bonds Proposed	4
Assessment Methodology
Overview	5
Assigning Debt	5
Lienability Test: Special and Peculiar Benefit to the Property	7
Lienability Test: Reasonable and Fair Apportionment of the Duty to Pay	8
True-Up Mechanism	9
Additional  Stipulation	10
6.0	Appendix
Table 1  Land Use	11
Table 2   Infrastructure Cost Estimates	12
Table 3  Financing Estimates	13
Table 4   Determination of Benefit and Debt Allocation	14
Table 5    Preliminary Assessment Roll	15
District Maps and Legal Description	attached
ii

Introduction

Purpose

This report provides a methodology for allocating the proposed debt to be incurred by the Indigo Community Development District (“Indigo CDD”, “Indigo” or “District”) to properties in the Integrated LPGA – Phase 1A Development (“LPGA – Phase 1A” or “Development”) and for allocating the initial par amount of bonds being issued by the District to fund certain infrastructure improvement to such lands. The District’s debt will fund infrastructure improvements that will allow the development of the property in LPGA - Phase 1A. The methodology allocates this debt to such property based upon the special benefits each receives from the infrastructure program. In this case the LPGA – Phase 1A property  located  within  the  District  includes approximately
87.12 acres located in the City of Daytona Beach (“City”),
Florida. This report is designed to conform to the requirements of Chapters 190 and 170, Florida Statutes with respect to special assessments and is consistent with our understanding of the case law on this subject.

Scope of the Report

This report presents the master projections for financing the District’s capital requirements necessary to provide the community infrastructure improvements (the “Capital Improvement Program”, “CIP” or “Improvements”) described in the District Engineer’s Report developed by Poulos and Bennett 7/14/20 (the “Engineer’s Report”). The Report also describes the master apportionment of benefits and special assessments resulting from the provision of improvements to the lands within the District.

Special Benefits and General Benefits

The Improvements undertaken by the District create special and peculiar benefits to the Development, different in kind

and degree than general benefits, for properties within its borders as well as general benefits to the public at large.

However, as discussed within this report, these general benefits are incidental in nature and are readily distinguishable from the special and peculiar benefits, which accrue to other property within the District. The improvements enable properties within the District boundaries to be developed. Without the Improvements, there would be no infrastructure to support development of land within the District. Without these Improvements, state law would prohibit development of property within the District.

There is no doubt that the general public, property owners, and property outside the District will benefit from the provision of the Improvements. However, these are incidental to the Improvement Program, which is designed solely to provide special benefits peculiar to property within the Development. Properties outside the Development do not depend upon the Development’s Capital Improvement Program as defined herein to obtain, or to maintain their development entitlements. This fact alone clearly distinguishes the special benefits which the LPGA – Phase 1A properties receive compared to those lying outside of the Development’s boundaries. Even though the exact value of the benefits provided by the Improvements is difficult to estimate at this point, it is nevertheless greater than the costs associated with providing same.

Organization of this Report

Section Two describes the development program as proposed by the Developer.

Section Three provides a summary of the  Capital  Improvement Program for the LPGA – Phase 1A lands as determined by the District Engineer.

Section Four discusses the financing program for the District.

Section Five introduces the Assessment Methodology.

2

Development Program for LPGA – Phase 1A

Overview

The LPGA – Phase 1A Development is designed as a single family residential community, located within the City  of  Daytona Beach, Florida. The proposed land use within the District is consistent with City of Daytona Beach Land Use and Comprehensive Plans.

The Development LPGA – Phase 1A

The Development will consist of approximately 195 single- family residential homes.

The Capital Improvement Program for LPGA – Phase 1A

Engineering Report

The Improvements to be funded by the Indigo CDD for the LPGA – Phase 1A Development are determined by the District Engineer in the Engineer’s Report. Only infrastructure that may qualify for bond financing by the District under Chapter 190, Florida Statutes, was included in these estimates.

Capital Improvement Program

The proposed Improvements to serve the Development consist of certain roadway improvements including onsite/offsite, underground electrical and streetlighting improvements, storm water management facilities, utility improvements and entry features / signage, landscaping / hardscaping improvements (the “Capital Improvement Program”, “CIP” or “Improvements”). The Improvements to, be constructed, will represent a system of improvements that irrespective of certain exceptions described further in Section
5.1 of this Report, will provide benefits to all lands within the Development.

3

At the time of this writing, the total costs of the District’s Capital Improvement Program for the Development  according to the Engineer’s Report dated 7/14/20 were projected at $9,957,848 and include provisions for contingency, design and permitting.

Financing Program for LPGA – Phase 1A

Overview

As noted above, the District is embarking on a program of capital improvements, which will facilitate the development   of lands within the LPGA – Phase 1A lands. Construction of certain Improvements may be funded by the Developer and acquired by the District under an agreement between the District and the Developer or may be funded directly by the District. The structure of financing presented below is preliminary and subject to change.

It is currently contemplated that the District will finance all or      a portion of its Improvements with Special Assessment Bonds. The preliminary financing plan for the District anticipates the issuance of Special Assessment Bonds in the principal amount of $11,745,000 to fund all or a portion of the District’s Capital Improvement Program, as shown in Table 3.

Types of Special Assessment Bonds Proposed

The Special Assessment Bonds preliminary sizing assume an issuance date of November 1, 2020. Special Assessment Bonds will be repaid with thirty principal installments commencing on May 1, 2022 with interest paid semiannually every May 1 and November 1 commencing November 1, 2021. Included with the bond funding is a provision for approximately twelve months of capitalized interest, thru 5/1/2021.

As projected in the current master financing plan, in order to finance all or a portion of the District’s CIP, the District will

4

need to potentially incur indebtedness in the total amount of approximately $11,745,000.

The difference between the Bond debt and the CIP is comprised of costs of issuance including underwriter’s discount and professional fees associated with debt issuance, capitalized interest costs through 11/1/2021, and a debt service reserve equal to the maximum annual debt service.

Preliminary sources and uses of funding are presented in
Table 3 in the Appendix.

Please note that the structure of the Special Assessment Bonds is preliminary and may change due to changes in the development program, market conditions, timing of infrastructure installation as well as other reasons. The District maintains complete flexibility as to the structure of the Special Assessment Bonds.

Assessment Methodology

Overview

Special Assessment Bonds provide the District with funds to construct and/or acquire the CIP outlined in Section 3.2. These Improvements lead to special and general benefits, with special benefits accruing generally to the properties within the boundaries of the District and general benefits accruing to areas outside the District and being only incidental in nature. The debt incurred in financing the Improvements will be paid off by assessing properties that derive special and peculiar benefits from the proposed projects. All properties that receive special benefits from the District’s improvement program will be assessed.

Assigning Debt

The current development plan for the District projects construction of infrastructure for approximately 195 single- family residential homes, however, the planned unit numbers and land use types may change.

5

The Improvements provided by the District will include roadway improvements, storm water management facilities, utility improvements, hardscape including entry features/signage, landscaping improvements and recreation improvements. All residential development within the District will benefit from all infrastructure improvement categories, as the Improvements provide basic infrastructure to all residential lands within the District and benefit all residential lands within the District as an integrated system of improvements. Benefited units will be based on an equivalent residential unit (“ERU”) basis as determined for each single family residential unit based on the front footage of the lot. A 40’ lot is utilized as the basis of one ERU. The current development program provides for 40’ and 50’ lots with a 50’ lot having an ERU of 1.25.

As the provision of the above listed Improvements by the District will make the lands in the lands within LPGA – Phase 1A developable, the land will become more valuable to their owners. The increase in the value of the land provides the logical benefit of Improvements that accrues to the developable parcels within the District.

Initially, the assessments will be levied on all assessable lands within the Development based on the approved site plan on an equal acreage basis within each parcel, because at that juncture, every acre benefits equally from the Improvements. As lands are platted the first platted lots will be assigned debt and related assessments based upon the front footage of each lot in accordance with Table 4.

The debt incurred by the District to fund the Improvements is allocated to the properties receiving special benefits on the basis of development intensity and density. The responsibility for the repayment of the District’s debt through assessments will ultimately be distributed in proportion to the special benefit peculiar to the land within the District, as it may be classified within each of the land use categories. For the purpose of determining the special benefit accruing to the lands within the District, the proposed Improvement costs have been allocated to each residential lot based on an equivalent residential unit (ERU) basis relative to the front footage of each lot.

6

Lienability Test: Special and Peculiar Benefit to the Property

As first discussed in Section 1.3, Special Benefits and General Benefits, Improvements undertaken by the District create special and peculiar benefits to certain properties within the District. The Improvements benefit properties within the District and accrue to all assessable properties on an ERU basis.

Improvements undertaken by the District can be shown to be creating special and peculiar benefits to the property. The special and peculiar benefits resulting from each Improvement undertaken by the District are:

Roadway and Drainage Improvements result in special and peculiar benefits such as the added use of the property, added enjoyment of the property, and likely increased marketability of the property.
Storm Water Management facilities result in special and peculiar benefits such as the added use of the property, decreased insurance premiums, added enjoyment of the property, and likely increased marketability of the  property.
Water/Sewer and Reuse Utility Improvements result in special and peculiar benefits such as the added use of the property, and likely increased marketability and value of the property.
Hardscaping including entry Features / landscaping result in special and peculiar benefits such as the added enjoyment of the property, and likely increased marketability and value of the property.

These special and peculiar benefits are real and ascertainable, but not yet capable of being calculated and assessed in terms of numerical value, however, each is more valuable than either the cost of, or the actual assessment levied for, the Improvement or debt allocated to the parcel    of land.

7

Lienability Test: Reasonable and Fair Apportionment of the Duty to Pay

A reasonable estimate of the proportion of special and peculiar benefits received from the Improvements is delineated in Table 4 (expressed as Allocation of Total Par Debt).

The determination has been made that the duty to pay the non-ad valorem special assessments is fairly and reasonably apportioned because the special and  peculiar  benefits  to the property derived from the acquisition and / or  construction of the District’s Improvements (and the concomitant responsibility for the payment of the resultant and allocated debt) have been apportioned to the property according to reasonable estimates of the special  and peculiar benefits provided consistent with the land use.

Accordingly, no acre or parcel of property within the boundaries of the District will be liened for the payment of any non-ad valorem special assessment more than the determined special benefit peculiar to that property. Further, the debt allocation will not be affected.

In accordance with the benefit allocation in Table 4, a Total Par Debt per Unit has been calculated for each single family unit based upon the front foot of each lot. This amount represents the preliminary anticipated per unit debt  allocation assuming all anticipated units are built and sold in the planned development and the entire proposed infrastructure program is developed or acquired and  financed by the District. Parcels of the development may be sold which contain various development units. At the time of such parcel sale an assignment of the development units will occur upon which the related debt and assessments will be specified for the parcel.

True-Up Mechanism

In order to assure that the District’s debt will not build up on the unsold acres, and to assure that the requirements that the non-ad valorem special assessments will be constitutionally

8

lienable on the property and will continue to be met, the District shall determine the following:

To assure that there will always be sufficient development potential remaining in the undivided property to assure  payment of debt service after  a  plat  or  site  plan  approval,  the following test will be applied. The test is that the debt per acre remaining on the unplatted developable land is never allowed to increase above its maximum debt per acre level. Initially, the maximum level of debt per acre is calculated as   the total amount of debt for  the  District’s  improvement program divided by the number of assessable developable acres in the District.  In this case, it is $11,745,000 divided by
87.12 acres equaling $134,814 per acre. Once a site plan for the development is completed the acreage will be adjusted  to developable acres and the calculation of debt per acre   will be adjusted accordingly.  Thus, if the initial debt level is
$134,814 per acre, every time a plat or site plan approval is presented, the debt on the land remaining after the plat or site plan approval must remain at or below $134,814 per acre. If not, then in order for the Developer to receive a plat or site plan approval from the County, the Developer agrees that the District will require a density reduction payment so that the $134,814 per acre debt level is not exceeded. The District can consider the abatement of a true-up where the  remaining land is reasonably expected that it would be developed in a manner to support the remaining units. The district may rely on a certificate from its engineer to determine whether it will abate a true-up payment.

In summation, and as noted herein, the benefit from the CIP exceeds of special assessments for any given parcel of property, and the special assessments are fairly and reasonably allocated across all benefited properties. In the event the development program is not completed, or otherwise where required by law, the District may be required to reallocate the special assessments.

9

Additional Stipulations

Certain financing, development, and engineering data was provided by members of District staff and/or the Landowner. The allocation methodology described herein was based on information provided by those professionals. Governmental Management Services, LLC makes no representations regarding said information transactions beyond restatement of the factual information necessary for compilation of this report. For further information about the Series 2020 Bonds, please refer to the Indentures.

10

TABLE 1
Indigo CDD Development Program

Phase One
Number of	ERU	Total
Land Use :	Units	Factor	ERU's

Residential Single Family:		
40' lots	113	1.00	113.00	
50' lots	82	1.25	102.50	

Total	 	195	215.50

Note: Reflective of the Integrated LPGA - Phase 1A Development.

Prepared By

Governmental Management Services, LLC

TABLE 2
Indigo CDD
Master Infrastructure Cost Estimates Integrated LPGA Phase A1

	Total Cost	
Master Infrastructure Improvements (2020 Project): 	Estimates	
Roadways/Underground Electrical/Street lighting	$2,197,197	
Entry Features / Landscaping	$593,786	
Stormwater Facilities	$3,736,266	
Utilities-water/sewer/reclaimed	$1,702,378	
Engineering / CEI	$822,863	
Contingency	$905,258	

Total	 	$9,957,748 

Source: Poulos & Bennett report dated July 14 , 2020.

Prepared By

Governmental Management Services, LLC

TABLE 3
Indigo  CDD	
Bond Series 2020
Sources & Uses		

Sources	

$2,020	
Bond Proceeds - par	$11,745,000	
Total Sources	   $11,745,000 	

Uses		
Construction funds	$9,957,848	
Debt Service Reserve Fund @ 100% MADS	$764,029	
Capitalized Interest	$587,250	
Cost of Issuance	$200,000	
Underwriter's Discount	$234,900	
Rounding	$973	
Total Uses	   $11,745,000 	

Term	30 years	
Average Coupon Rate	5.00%	
Par Amount	$11,745,000	
Maximum Annual Debt Service	$764,029	

(1) Provided by MBS Cpital Markets, LLC.

Prepared By

Governmental Management Services, LLC

Table 4 Indigo CDD
Par Debt and Debt Service
Allocation 2020 Series Bonds			

Number of	

ERU	

Total		

2020 Bond	

2020P ar Debt	

2020 Annual	
Per Unit 2020 Annual	
Development Type	Planned Units	Factor	ERU's		Par Debt	Per Unit	Net Assessment	Net Assessment	
Platted Residental Single Family:									
40' Lots	113	1	113		$ 6,158,631	$54,501.16	$	400,628	$ 3,545.38	
50' Lots	82	1.25	102.5		$ 5,586,369	$68,126.45	$	363,401	$ 4,431.72	
Total	195		215.5		$ 11,745,000		$	764,029		

TABLE 5	
INDIGO CDD	
INTEGRATED LPGA - PHASE 1	
SERIES 2020 ASSESSMENT ROLL	

PARENT PARCEL ID	

OWNER	

LOT #	
PRODUCT TYPE	
ASMT UNITS	
SERIES 2020 PAR DEBT	2020
ANNUAL PER UNIT NET	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	1	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	2	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	3	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	4	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	5	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	6	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	7	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	8	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	9	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	10	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	11	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	12	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	13	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	14	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	15	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	16	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	17	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	18	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	19	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	20	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	21	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	22	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	23	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	24	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	25	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	26	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	27	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	28	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	29	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	30	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	31	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	32	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	33	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	34	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	35	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	36	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	37	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	38	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	39	40'	1	54,501.16	3,545.38	

PREPARED BY GOVERNMENTAL
MANAGEMENT SERVICE, LLC	TABLE 5, PAGE 1

PARENT PARCEL ID	
OWNER	
LOT #	
PRODUCT TYPE	
ASMT UNITS	
SERIES 2020 PAR DEBT	2020
ANNUAL PER UNIT NET	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	40	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	41	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	42	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	43	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	44	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	45	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	46	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	47	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	48	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	49	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	50	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	51	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	52	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	53	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	54	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	55	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	56	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	57	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	58	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	59	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	60	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	61	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	62	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	63	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	64	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	65	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	66	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	67	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	68	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	69	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	70	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	71	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	72	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	73	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	74	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	75	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	76	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	77	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	78	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	79	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	80	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	81	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	82	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	83	40'	1	54,501.16	3,545.38	

PREPARED BY GOVERNMENTAL
MANAGEMENT SERVICE, LLC	TABLE 5, PAGE 2

PARENT PARCEL ID	
OWNER	
LOT #	
PRODUCT TYPE	
ASMT UNITS	
SERIES 2020 PAR DEBT	2020
ANNUAL PER UNIT NET	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	84	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	85	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	86	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	87	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	88	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	89	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	90	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	91	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	92	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	93	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	94	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	95	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	96	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	97	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	98	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	99	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	100	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	101	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	102	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	103	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	104	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	105	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	106	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	107	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	108	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	109	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	110	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	111	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	112	40'	1	54,501.16	3,545.38	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	113	40'	1	54,501.16	3,545.38	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	114	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	115	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	116	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	117	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	118	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	119	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	120	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	121	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	122	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	123	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	124	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	125	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	126	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	127	50'	1	68,126.45	4,431.72	

PREPARED BY GOVERNMENTAL
MANAGEMENT SERVICE, LLC	TABLE 5, PAGE 3

PARENT PARCEL ID	
OWNER	
LOT #	
PRODUCT TYPE	
ASMT UNITS	
SERIES 2020 PAR DEBT	2020
ANNUAL PER UNIT NET	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	128	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	129	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	130	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	131	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	132	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	133	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	134	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	135	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	136	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	137	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	138	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	139	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	140	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	141	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	142	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	143	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	144	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	145	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	146	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	147	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	148	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	149	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	150	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	151	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	152	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	153	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	154	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	155	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	156	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	157	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	158	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	159	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	160	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	161	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	162	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	163	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	164	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	165	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	166	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	167	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	168	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	169	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	170	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	171	50'	1	68,126.45	4,431.72	

PREPARED BY GOVERNMENTAL
MANAGEMENT SERVICE, LLC	TABLE 5, PAGE 4

PARENT PARCEL ID	
OWNER	
LOT #	
PRODUCT TYPE	
ASMT UNITS	
SERIES 2020 PAR DEBT	2020
ANNUAL PER UNIT NET	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	172	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	173	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	174	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	175	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	176	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	177	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	178	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	179	50'	1	68,126.45	4,431.72	
5228-00-00-0060	AMERICAN SW-30 INVESTMENTS LLC	180	50'	1	68,126.45	4,431.72	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	181	50'	1	68,126.45	4,431.72	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	182	50'	1	68,126.45	4,431.72	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	183	50'	1	68,126.45	4,431.72	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	184	50'	1	68,126.45	4,431.72	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	185	50'	1	68,126.45	4,431.72	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	186	50'	1	68,126.45	4,431.72	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	187	50'	1	68,126.45	4,431.72	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	188	50'	1	68,126.45	4,431.72	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	189	50'	1	68,126.45	4,431.72	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	190	50'	1	68,126.45	4,431.72	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	191	50'	1	68,126.45	4,431.72	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	192	50'	1	68,126.45	4,431.72	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	193	50'	1	68,126.45	4,431.72	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	194	50'	1	68,126.45	4,431.72	
5229-00-00-0100	AMERICAN SW-30 INVESTMENTS LLC	195	50'	 	1		68,126.45		4,431.72 	
TOTAL				195	11,745,000.00	764,029.00	

PARCEL ID	# UNITS	TOTAL 2020
PAR DEBT	TOTAL 2020
ANNUAL NET	
5228-00-00-0060	141	8,597,558.00	559,283.41	
5229-00-00-0100	54	3,147,442.00	204,745.59	
TOTAL	195	11,745,000.00	764,029.00	

LOT SIZE	# UNITS	
40'	113	
50'	82	
	195	

PREPARED BY GOVERNMENTAL
MANAGEMENT SERVICE, LLC	TABLE 5, PAGE 5

SIXTH ORDER OF BUSINESS

Indigo
Community Development District

Approved Budget
FY 2021

INDIGO
Community Development District FY2021 Approved Budget

TABLE OF CONTENTS

GENERAL FUND BUDGET
**  Summary Revenues and Expenditures	Page 1-3
** Narrative – Administrative and Maintenance	Page 4-10
DEBT SERVICE FUND BUDGET
** Series 1999A	Page 11-12
** Series 1999C	Page 13
** Series 2005	Page 14
ADDITIONAL SCHEDULE
**Comparison of Assessments	Page 15 Approved for FY2021

Indigo	General Fund
Community Development District	Operating  & Maintenance

	Adopted
Budget	Actual
Thru	Projected
Next	Total
as of	Approved
Budget	
Description	FY2020	7/31/20	2 Months	9/30/20	FY2021	

Revenues						
Maintenance Assessments	$713,368	$899,471	$0	$899,471	$639,785	
Assessments - Settlement	$0	$0	$0	$0	$0	
Interest Income	$50,000	$29,095	$1,500	$30,595	$25,000	
Miscellaneous Income	$0	$0	$0	$0	$0	
Miscellaneous - Foreclosure Costs	$0	$0	$0	$0	$0	
I-95 City of Daytona Funding	$8,100	$0	$8,100	$8,100	$8,100	
Carry Forward Surplus	$365,450	$0	$0	$0	$450,000	
Total Revenues	$1,136,918	$928,565	$9,600	$938,165	$1,122,885	

Expenditures						
Administrative						
Supervisor Fees	$12,000	$4,600	$2,000	$6,600	$12,000	
FICA Expense	$918	$352	$153	$505	$918	
Engineering	$5,000	$0	$1,000	$1,000	$5,000	
Attorney	$32,000	$17,323	$7,677	$25,000	$32,000	
Annual Audit	$6,500	$4,900	$0	$4,900	$5,000	
Arbitrage	$1,350	$1,350	$0	$1,350	$1,350	
Trustee Fees	$4,089	$8,942	$4,853	$13,795	$14,000	
Dissemination Agent	$3,100	$2,500	$500	$3,000	$3,100	
Special Assessment Roll Services	$20,000	$20,000	$0	$20,000	$20,000	
Management Fees	$56,500	$47,083	$9,417	$56,500	$56,500	
Information Technology	$4,000	$2,333	$467	$2,800	$4,000	
Telephone	$300	$49	$26	$75	$300	
Postage	$1,500	$1,090	$410	$1,500	$1,500	
Insurance	$20,300	$19,378	$0	$19,378	$20,300	
Printing & Binding	$1,750	$647	$353	$1,000	$1,750	
Legal Advertising	$2,500	$4,475	$6,592	$11,068	$2,500	
Other Current Charges	$1,000	$913	$320	$1,233	$1,000	
Office Supplies	$350	$90	$50	$140	$350	
Foreclosure Costs	$0	$9,675	$5,325	$15,000	$0	
Annual District Filing Fee	$175	$175	$0	$175	$175	
Office Expense	$6,000	$5,000	$1,000	$6,000	$6,000	
Administrative Expenses	$179,332	$150,876	$40,143	$191,019	$187,743	

Maintenance Expenses I-95						
Landscape Maintenance	$50,400	$42,000	$8,400	$50,400	$50,400	
Landscape Contingency	$2,000	$1,236	$764	$2,000	$2,000	
Irrigation Repairs & Maintenance	$10,000	$11,705	$1,295	$13,000	$10,000	
Mowing	$8,100	$0	$8,100	$8,100	$8,100	
Lakes	$5,156	$4,208	$1,128	$5,336	$5,336	
Plant Replacement & Annuals	$8,000	$1,750	$6,600	$8,350	$8,000	
Utilities	$18,000	$11,642	$5,400	$17,042	$18,000	
Repairs	$10,000	$13,693	$1,307	$15,000	$10,000	
Miscellaneous	$2,000	$7,013	$262	$7,275	$2,000	
Total I-95 Maintenance Expenses	$113,656	$93,247	$33,256	$126,503	$113,836	

1

Indigo	General Fund
Community Development District	Operating  & Maintenance

	Adopted
Budget	Actual
Thru	Projected
Next	Total
as of	Approved
Budget	
Description	FY2020	7/31/20	2 Months	9/30/20	FY2021	

Maintenance Expenses - Community Wide	
On-Site Manager	$31,800	$26,500	$5,300	$31,800	$31,800	
Landscape Maintenance	$462,084	$349,070	$69,814	$418,884	$418,884	
Landscape Contingency	$26,912	$27,548	$1,050	$28,598	$26,912	
Irrigation Repairs & Maintenance	$30,000	$35,052	$1,948	$37,000	$30,000	
Lakes	$37,212	$31,568	$6,326	$37,894	$37,956	
Plant Replacement & Annuals	$35,000	$42,256	$5,225	$47,481	$35,000	
Utilities	$45,000	$24,683	$4,800	$29,483	$45,000	
Repairs	$65,972	$43,117	$6,883	$50,000	$65,972	
Stormwater System	$3,750	$1,035	$0	$1,035	$3,750	
Sidewalks	$3,000	$0	$500	$500	$3,000	
Miscellaneous	$15,000	$7,836	$2,164	$10,000	$15,000	
Conservation Easement Maintenance	$28,000	$36,180	$7,972	$44,152	$47,832	
Tree Trimming	$43,200	$36,000	$7,200	$43,200	$43,200	
Pressure Washing	$17,000	$17,535	$0	$17,535	$17,000	
Total Maintenance Expenses -
Community Wide	
$843,930	
$678,380	
$119,182	
$797,562	
$821,306	
						
Total Maintenance Expenses	$957,586	$771,627	$152,438	$924,066	$935,142	
						
TOTAL EXPENDITURES	$1,136,918	$922,503	$192,581	$1,115,085	$1,122,885	
						
EXCESS REVENUES/(EXPENDITURES)	$0	$6,062	($182,981)	($176,920)	$0	
	
FY2020	
FY2021	
Net Assessment	$713,368	$639,785	
Add: Discount & Collections 6%	$45,534	$40,837	
Gross Assessments	$758,902	$680,622	

2

Indigo
Community Development District

Exhibit "A"
Allocation of Operating Reserves
Estimated Funds Available

(1)	Beginning Fund Balance - Fiscal Year 2020	$2,751,295	
(2)	Estimated Excess/(Deficit) - Fiscal Year 2020	 	($176,920) 	
	Total Estimated Funds Available - 9/30/2020	 	$2,574,376 	

Allocation of Funds Available		
(3)	Operating Reserve - First Quarter Operating Capital	$280,721	
	Unassigned Fund Balance	$2,293,655	
	Total Allocation of Funds	 	$2,574,376 	
	Total Undesignated Cash	 	$0 	

(1) Represents carry forward balance per audited financial report (2) Assumes no further assessments will be collected
(3) Represents initial operating expenditures

3

INDIGO
Community Development District FY2021 Approved Budget

REVENUES:

Maintenance Assessments

The District will levy a Non-Ad Valorem Assessment on all taxable property within the Indigo Community Development District in order to pay for operating & maintenance expenditures for the Fiscal Year.

Interest Income

The District will have operating funds invested with the US Bank throughout the fiscal year.

I-95 City of Daytona Funding

Represents mowing cost reimbursement from the City of Daytona for 27 cuts at the I-95 interchange per interlocal agreement.

EXPENDITURES:

Administrative:

Supervisors Fees

The amount paid to each supervisor for the time devoted to District business and meetings is determined by Chapter 190, Florida Statutes, at $200 per meeting. The amount is based on payment to 5 Supervisors for attending 12 Board meetings during the fiscal year.

FICA Expense

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

Engineering

The District's engineer will be providing general engineering services to the District, i.e., attendance and preparation for monthly meetings, reviewing invoices, annual engineer’s report and various projects assigned as directed by the Board of Supervisors.

4

INDIGO
Community Development District FY2021 Approved Budget

Attorney

The District's attorney will be providing general legal services to the District, i.e., attendance and preparation for monthly meetings, reviewing contracts, agreements, resolutions, etc. Included as a separate line item is the estimated portion of foreclosure costs related primarily to non-payment of assessments on undeveloped lands in the “South” area of the District. Approximately 75% of the costs will be funded by bond funds.

Annual Audit

The District is required to annually have its financial records audited by an independent Certified Public Accounting Firm.

Arbitrage

The District has a contract to annually calculate the District’s Arbitrage Rebate Liability on the Series 1999A, 1999 C and 2005 Capital Improvement Revenue Bonds. The amount is based on the current contract with AMTEC.

Trustee Fees

The District's Series 1999A, 1999C and 2005 Capital Improvement Revenue Bonds are held with a Trustee at US Bank.

Dissemination Agent

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5), which relates to additional reporting requirements for unrelated bond issues. The District has contracted with Governmental Management Services, LLC to provide this service and the amount is based on the contracted amount.

Special Assessment Roll Services

The District has contracted with Governmental Management Services, LLC for administration and certification of its annual assessment roll.

Management Fees

The District has contracted with Governmental Management Services, LLC to provide Management, Accounting and Recording Secretary Services for the District. The services include, but not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reporting, annual audits, etc. Included as a separate line item is the estimated portion of foreclosure costs related primarily to non- payment of assessments on undeveloped lands.

5

INDIGO
Community Development District FY2021 Approved Budget

Information Technology

Represents cost related to District’s accounting and information systems, District’s website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements.

Telephone

Telephone and fax machine.

Postage

Mailing of Board meeting agendas, checks for vendors, and any other required correspondence.

Insurance

The District currently has a General Liability/Errors & Omissions and Property Insurance Policy with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage for Governmental Agencies.

Printing & Binding

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

Legal Advertising

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

Other Current Charges

Bank charges and any other miscellaneous charges that the District may incur.

Office Supplies

Any supplies that may need to be purchased during the Fiscal Year, i.e., paper, minute books, file folders, labels, paper clips, etc.

Annual District Filing Fee

The District is required to pay an annual fee to the Department of Economic Opportunity for $175. This is the only anticipated expenditure for this category.

6

INDIGO
Community Development District FY2021 Approved Budget

Office Expense

The District has leased space from the C.L.O. Management LLC for housing of the District maps and records along with space for field operations management. This lease is on an annual basis.

Description	Monthly	Annually	
1617 Ridgewood Avenue, Suite D	$500
TOTAL	$6,000	
	$6,000	

Maintenance:

Operating Expense I-95 Landscape Maintenance
The District has contracted with Rountree Turf & Ornamental Management, Inc. to maintain the common areas of the District.

Description	Monthly	Annually	
Landscape Maintenance - I-95	$4,200
TOTAL	$50,400	
	$50,400	

Irrigation Repairs & Maintenance

Any irrigation repairs and maintenance expenditures that the District may occur during the fiscal year.

Lakes

The District has contracted with Aquatic Systems, Inc. to maintain the lakes within the District.

Description	Monthly	Annually	
Inspections with Treatment - I-95	$385
Semi-Annual Fountain/Aeration Maintenance
TOTAL	$4,620
$716	
	$5,336	

Plant Replacement & Annuals

Amounts based upon historic expenditures in this category and the total number of plants currently in place. The District also has a contract to install a specific number of annuals plus any contingencies.

7

INDIGO
Community Development District FY2021 Approved Budget

Utilities

The District currently has electric accounts with Florida Power & Light. Based on prior years-average monthly electric bills.

Description	Monthly	Annually	
LPGA Blvd # NEC I-95 # Pump	$700	$8,400	
LPGA Blvd # NEC I-95 # Fountain	$700	$8,400	
Contingency		$1,200	
TOTAL		$18,000	

Repairs

Reflects expenditures related to the entrance lighting, fountains and any other miscellaneous maintenance repairs.

Miscellaneous

Any miscellaneous maintenance expenditures that the District may incur during the fiscal year.

Operating Expense Community Wide

On-Site Manager

The District has contracted with VDO Incorporated for field management services.

Description	Monthly	Annually	
Field Management Services	$2,650
TOTAL	$31,800	
	$31,800	

Landscape Maintenance

The District has contracted with Rountree Turf & Ornamental Management, Inc. to maintain the common areas of the District.

Description	Monthly	Annually	
Landscape Maintenance - Community Wide	$34,907
TOTAL	$418,884	
	$418,884	

8

INDIGO
Community Development District FY2021 Approved Budget

Irrigation Repairs & Maintenance

Any irrigation repairs and maintenance expenditures that the District may occur during the fiscal year.

Lakes

The District has contracted with Aquatic Systems, Inc. to maintain the lakes within the District.

Description	Monthly	Annually	
Inspections with Treatment - North & South	$3,163
TOTAL	$37,956	
	$37,956	

Plant Replacement & Annuals

Amounts based upon historic expenditures in this category and the total number of plants currently in place. The District also has a contract to install a specific number of annuals plus any contingencies.

Utilities

The District currently has electric accounts with Florida Power & Light. Based on prior years-average monthly electric bills.

Description	Monthly	Annually	
Decorative Lighting # Grand Champion	$700	$8,400	
1 Champions Dr # Entrance	$500	$6,000	
230 Champions Dr	$100	$1,200	
579 Champions Dr # Site Lights	$100	$1,200	
654 Champions Dr # Site Lights	$50	$600	
795 Champions Dr # Site Lights	$60	$720	
937 Champions Dr # Site Lights	$55	$660	
977 Champions Dr # Site Lights	$60	$720	
10 Champion Ridge Dr # Fountain	$600	$7,200	
105 Grand Champion Blvd # Sign	$365	$4,380	
106 Glen Eagle Grand Dr # Irrigation	$15	$180	
100 International Golf Dr # Lights	$300	$3,600	
399 International Golf Dr # Site Lights	$85	$1,020	
248 Tournament Dr # Site Lights	$85	$1,020	
360 Tournament Dr # Irrigation Pump	$175	$2,100	
499 Tournament Dr # Entrance	$190	$2,280	
Contingency		$3,720	
TOTAL		$45,000	

9

INDIGO
Community Development District FY2021 Approved Budget

Repairs

Reflects expenditures related to the entrance lighting, fountains and any other miscellaneous maintenance repairs.

Stormwater System

Any stormwater maintenance expenditures that the District may incur during the fiscal year.

Sidewalks

Any sidewalk maintenance expenditures that the District may incur during the fiscal year.

Miscellaneous

Any miscellaneous maintenance expenditures that the District may incur during the fiscal year.

Conservation Easement Maintenance

The District is obligated to maintain approximately 137 acres as a Gopher Tortoise Habitat Area in accordance with the Habitat Management Plan prescribed by the Florida Game and Freshwater Fish Commission.

Tree Trimming

Contract for trimming of District “Street Trees” abutting roadways.

Pressure Washing

Estimated cost to pressure wash are areas within the District as needed.

10

Indigo	Debt Service Fund
Community Development District	Series 1999A

	Adopted
Budget	Actual
Thru	Projected
Next	Total
as of	Approved
Budget	
Description	FY2020	7/31/20	2 Months	9/30/20	FY2021	

Revenues						
Assessments - On Roll	$80,675	$79,889	$786	$80,675	$79,064	
Carry Forward Surplus	$42,614	$45,286	$0	$45,286	$46,977	
Interest	$0	$116	$0	$116	$0	
TOTAL REVENUES	$123,289	$125,291	$786	$126,077	$126,041	

Expenditures						
Series 1999A Interest - 11/1	
$22,050	
$22,050	
$0	
$22,050	
$20,825	
Interest - 5/1	$35,000	$35,000	$0	$35,000	$35,000	
Principal - 5/1	$22,050	$22,050	$0	$22,050	$20,825	
TOTAL EXPENDITURES	$79,100	$79,100	$0	$79,100	$76,650	
						
EXCESS REVENUES/(EXPENDITURES)	$44,189	$46,191	$786	$46,977	$49,391	
				
Nov. 1, 2021	
$19,600	
				Net Assessments	$79,064	
Add: Discount & Collections 6% 		$5,047 Gross Assessments 	$84,111 

11

Indigo	Amortization Schedule
Community Development District	Series 1999A,  Capital Improvement  Bonds

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
						
11/1/20	$	595,000.00	7.00%	$	-	$	20,825.00		
5/1/21	$	595,000.00	7.00%	$	35,000	$	20,825.00	$	76,650.00	
11/1/21	$	560,000.00	7.00%	$	-	$	19,600.00		
5/1/22	$	560,000.00	7.00%	$	40,000	$	19,600.00	$	79,200.00	
11/1/22	$	520,000.00	7.00%	$	-	$	18,200.00		
5/1/23	$	520,000.00	7.00%	$	45,000	$	18,200.00	$	81,400.00	
11/1/23	$	475,000.00	7.00%	$	-	$	16,625.00		
5/1/24	$	475,000.00	7.00%	$	45,000	$	16,625.00	$	78,250.00	
11/1/24	$	430,000.00	7.00%	$	-	$	15,050.00		
5/1/25	$	430,000.00	7.00%	$	50,000	$	15,050.00	$	80,100.00	
11/1/25	$	380,000.00	7.00%	$	-	$	13,300.00		
5/1/26	$	380,000.00	7.00%	$	55,000	$	13,300.00	$	81,600.00	
11/1/26	$	325,000.00	7.00%	$	-	$	11,375.00		
5/1/27	$	325,000.00	7.00%	$	55,000	$	11,375.00	$	77,750.00	
11/1/27	$	270,000.00	7.00%	$	-	$	9,450.00		
5/1/28	$	270,000.00	7.00%	$	60,000	$	9,450.00	$	78,900.00	
11/1/28	$	210,000.00	7.00%	$	-	$	7,350.00		
5/1/29	$	210,000.00	7.00%	$	65,000	$	7,350.00	$	79,700.00	
11/1/29	$	145,000.00	7.00%	$	-	$	5,075.00		
5/1/30	$	145,000.00	7.00%	$	70,000	$	5,075.00	$	80,150.00	
11/1/30	$	75,000.00	7.00%	$	-	$	2,625.00		
5/1/31	$	75,000.00	7.00%	$	75,000	$	2,625.00	$	80,250.00	
Total			$	595,000	$	278,950.00	$	873,950.00	

12

Indigo	Debt Service Fund
Community Development District	Series 1999C

	Adopted
Budget	Actual
Thru	Projected
Next	Total
as of	Approved
Budget	
Description	FY2020	7/31/20	2 Months	9/30/20	FY2021	

Revenues						
Assessments - On Roll	$541,407	$732,932	$0	$732,932	$567,166	
Assessments - Settlement	$0	$25,760	$0	$25,760	$0	
Interest	$0	$4,505	$10	$4,515	$2,500	
Other Income Source	$0	$0	$0	$0	$371,184	
TOTAL REVENUES	$541,407	$763,198	$10	$763,208	$940,850	

Expenditures						
Series 1999C
Debt Service Obligation	
$541,407	
$515,299	
$0	
$515,299	
$940,850	
TOTAL EXPENDITURES	$541,407	$515,299	$0	$515,299	$940,850	
						
EXCESS REVENUES/(EXPENDITURES)	$0	$247,899	$10	$247,909	$0	
				
Nov. 1, 2021	
$216,300	
				Net Assessments	$567,166	
Add: Discount & Collections 6% 		$36,202 Gross Assessments 	$603,368 

13

Indigo	Debt Service Fund
Community Development District	Series 2005

	Adopted
Budget	Actual
Thru	Projected
Next	Total
as of	Approved
Budget	
Description	FY2020	7/31/20	2 Months	9/30/20	FY2021	

Revenues						
Assessments - On Roll	$213,014	$284,830	$0	$284,830	$268,908	
Assessments - Prepayments	$0	$4,853	$0	$4,853	$0	
Assessments - Settlement	$0	$55,896	$0	$55,896	$0	
Interest	$0	$6,232	$10	$6,242	$2,500	
Other Income Source	$0	$0	$0	$0	$306,580	
TOTAL REVENUES	$213,014	$351,812	$10	$351,822	$577,988	

Expenditures						
Series 2005
Debt Service Obligation	
$213,014	
$43,723	
$0	
$43,723	
$577,988	
TOTAL EXPENDITURES	$213,014	$43,723	$0	$43,723	$577,988	
						
EXCESS REVENUES/(EXPENDITURES)	$0	$308,089	$10	$308,099	$0	
				
Nov. 1, 2021	
$164,738	
				Net Assessments	$268,908	
Add: Discount & Collections 6% 		$17,164 Gross Assessments 	$286,073 

14

Indigo CDD

Assessments Allocation FY 2021

FY21 Allocation to all platted units equally and unplatted units in the "North" South undeveloped lands allocated on an acreage basis

Budget Rev/Cost		
Description	Total	North		South-Platted	South-Raw	
Interest Income	$0		$0	$0	$0	
Transfer In	$0		$0	$0	$0	
Admin Exp	$187,743		$60,141	$19,105	$108,497	
Net Operating Exp I-95 net of city funding	$105,736		$62,591	$19,884	$23,262	
North O&M exp	$0		$0	$0	$0	
South O&M exp	$0		$0	$0	$0	
Main Reserves	$0		$0	$0	$0	
Maint Expenses Community Wide	$821,306		$486,173	$154,446	$180,687	
Sub Total	$1,114,785		$608,904	$193,435	$312,446	
Allocation of carryforward fund balance	($450,000)		($245,793)	($78,083)	($126,124)	
Interest earnings	($25,000)		($14,799)	($4,701)	($5,500)	
Reserves - Administrative	$0		$0	$0	$0	
Reserves - Field Community Wide	$0		$0	$0	$0	

Total Assessments	 $639,785	$348,312	$110,651	$180,823 	
Units	1,932.90	1,466.90	466.00	2,646.38	
Assessment per unit (South undev per unit) FY 2021		$237.45	$237.45	$68.33	
Assessment per unit (South undev per unit) FY 2020		$269.56	$269.56	$73.59	
	Total units	4,579.28				

Platted Units	

825.00	

466.00		
	LPGA	17.85			
	Unplatted	624.05		2,646.38	

 	1,466.90	466.00	2,646.38 

Maintenance Expenses Community Wide allocated 22% against all units that are undeveloped remaining to be platted. Starting in 2010, it was 25% but an additional 115 platted lots were on the roll for FY 2011.

Administrative expenses allocated against all units to be developed.

All North units are treated equally regardless if they have been platted or site planned.
Substantially all District infrastructure is in place for the North units other than some neighborhood improvements.

Reserves administrative allocated against all units equally, field allocated based on subtotal of expenses as a % for each category.

FY 18 reduction of 45 units in North with land sold to city of Daytona Beach.

1/30/19 agreement with American SW-30 Investments reduced Parcel 32 to 64 units and SW-30 to 400 units. Reduction from 772.42 units to 464 units or total reduction of 308.42 units.

15

A.

RESOLUTION 2020-10

THE ANNUAL APPROPRIATION RESOLUTION OF THE INDIGO COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGETS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2020, AND ENDING SEPTEMBER 30, 2021; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2020, submitted to the Board of Supervisors (“Board”) of the Indigo Community Development District (“District”) proposed budgets (“Proposed Budget”) for the fiscal year beginning October 1, 2020 and ending September 30, 2021 (“Fiscal Year 2020/2021”) 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 INDIGO 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 Indigo Community Development District for the Fiscal Year Ending September 30, 2021.”

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 2020/2021, 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 1999A	$ 	

DEBT SERVICE FUND – SERIES 1999C	$ 	

DEBT SERVICE FUND – SERIES 2005	$ 	

TOTAL ALL FUNDS	$ 	

SECTION 3. BUDGET AMENDMENTS

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2020/2021 or within 60 days following the end of the Fiscal Year 2020/2021 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 26TH DAY OF AUGUST, 2020.

ATTEST:	INDIGO COMMUNITY
DEVELOPMENT DISTRICT

Secretary/Assistant Secretary

By:	 Its: 	

B.

RESOLUTION 2020-11

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE INDIGO COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2020/2021; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Indigo 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 the City of Daytona Beach, Volusia 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, 2020 and ending September 30, 2021 (“Fiscal Year 2020/2021”), attached hereto as Exhibit “A” and incorporated by reference herein; and

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

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

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

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

WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect for Fiscal Year 2020/2021; and

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, the District has previously levied special assessments for debt service and operations and maintenance on certain property within the District that remain unpaid and delinquent and remain subject to acceleration and/or collection efforts pursuant to Section 170.10, Florida Statutes (“Delinquent Property”); and

WHEREAS, the District desires to preserve the ability to directly collect operation and maintenance assessments for prior fiscal years on the Delinquent Property; and

WHEREAS, it is in the best interests of the District to adopt the Assessment Roll of the Indigo Community Development District, excluding the above-referenced Delinquent Property (“Assessment Roll”) attached to this Resolution as Exhibit “B” and incorporated as a material part of this Resolution by this reference, and to certify the Assessment Roll to the County Tax Collector pursuant to the Uniform Method; and

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

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

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

SECTION 2. ASSESSMENT IMPOSITION. Pursuant to 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.

SECTION 3. COLLECTION. The collection of the operation and maintenance special

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

This Resolution does not operate to certify for collection either the annual installment or total par amount of the previously levied debt service assessments on the Delinquent Property. The total amount of such assessments has already become due, pursuant to Chapter 170, and is already subject to collection pursuant to Florida Law. The District does not waive any of its rights or remedies with respect to the enforcement of its liens or collection of either the debt service or operation and maintenance assessments by any method authorized by Florida Law

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

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

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

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

PASSED AND ADOPTED this 26th day of August, 2020.

ATTEST:	INDIGO COMMUNITY
DEVELOPMENT DISTRICT

By: 	

Secretary / Assistant Secretary	Its: 	

Exhibit A:	Budget
Exhibit B:	Assessment Roll

SEVENTH ORDER OF BUSINESS

C.

Notice of Meetings Indigo Community Development District

The Board of Supervisors of the Indigo Community Development District will hold their meetings for the Fiscal Year 2020-2021 at 1:00 p.m. in the board room at the Holiday Inn Daytona Beach LPGA Boulevard, 137 Automall Circle, Daytona Beach, Florida 32124 on the fourth Wednesday of the month as follows or otherwise noted:

October 28, 2020
November 19, 2020 (*third Thursday)
January 27, 2021
March 24, 2021
May 26, 2021
June 23, 2021
August 25, 2021
September 22, 2021

NINTH ORDER OF BUSINESS

Indigo
Community Development District
Summary of Invoices

June 17, 2020 to August 19, 2020

Fund	Date	Check No.'s	Amount		
General Fund	6/18/20	4588	$	1,400.00	
6/26/20	4589-4593	$	47,595.65	
6/30/20	4594-4596	$	29,315.50	
7/2/20	4597	$	5,291.17	
7/17/20	4598-4602	$	34,054.61	
7/23/20	4603-4606	$	45,932.55	
7/29/20	4607	$	500.00	
7/30/20	4608-4611	$	13,876.50	
8/3/20	4612	$	204.88	
8/6/20	4613	$	23,426.00	
8/7/20	4614	$	5,341.49	
8/10/20	4615-4617	$	7,001.17	
			$	213,939.52	
Payroll	June 2020
Donald Parks	
50533	
$	184.70	
	John McCarthy	50534	$	184.70	
	Mark McCommon	50535	$	159.70	
	Robert Welsh	50536	$	164.70	
	Thomas Leek	50537	$	184.70	
			$	878.50	
	July 2020
Donald Parks	
50538	
$	184.70	
	John McCarthy	50539	$	184.70	
	Mark McCommon	50540	$	159.70	
	Robert Welsh	50541	$	164.70	
	Thomas Leek	50542	$	184.70	
			$	878.50	
			$	215,696.52	

TENTH ORDER OF BUSINESS

Indigo
Community Development District

Unaudited Financial Reporting July 31, 2020

Table of Contents

1	 	Balance Sheet	

2-3	
 	General Fund Income Statement	

4	
 	Debt Service Fund Series 1999A Income Statement	

5	
 	Debt Service Fund Series 1999C Income Statement	

6	
 	Debt Service Fund Series 2005 Income Statement	

7	
 	Capital Projects Fund Series 1999A Income Statement	

8-9	
 	Month to Month	

10	
 	Assessment Receipt Schedule	

Assets	

General 	Governmental Funds

Debt Service	

Capital Projects	Account Groups General
Fixed Assets	
General Long- Term Debt	Totals  (memorandum only) 2020	
Cash	$94,166	----	----	----	----	$94,166	
Assessment Receivable	$3,000	----	----	----	----	$3,000	
Prepaid Expense	$500	----	----	----	----	$500	
Investments							
Operating Account	$101,942	----	----	----	----	$101,942	
State Board of Administration - Operating	$430,135	----	----	----	----	$430,135	
State Board of Administration - Reserve	$2,146,421	----	----	----	----	$2,146,421	
Series 1999A							
Reserve Account	----	$80,675	----	----	----	$80,675	
Revenue Account	----	$46,191	----	----	----	$46,191	
Construction	----	----	$148,224	----	----	$148,224	
Reserve Account	----	$59,586	----	----	----	$59,586	
Revenue Account	----	$671,300	----	----	----	$671,300	
Redemption Account	----	$339	----	----	----	$339	
Remedial Expenditure	----	$0	----	----	----	$0	
Reserve Account	----	$60,203	----	----	----	$60,203	
Escrow Deposit Fund	----	$9,847	----	----	----	$9,847	
Prepayment Account	----	$1,978	----	----	----	$1,978	
Revenue Account	----	$860,376	----	----	----	$860,376	
Fixed Assets	----	----	----	$8,305,270	----	$8,305,270	
Amount Available/Long-Term Debt	----	----	----	----	$1,790,495	$1,790,495	
Amount to be Provided/Long Term Debt 1999A	----	----	----	----	$468,134	$468,134	
Amount to be Provided/Long Term Debt 1999C	----	----	----	----	$5,928,774	$5,928,774	
Amount to be Provided/Long Term Debt 2005	----	----	----	----	$5,037,596	$5,037,596	
Total Assets	$2,776,164	$1,790,495	$148,224	$8,305,270	$13,225,000	$26,245,154	

Liabilities							
Accounts Payable	$18,807	----	----	----	----	$18,807	
Accrued Principal Payment 1999C	----	$945,000	----	----	----	$945,000	
Accrued Interest Payment 1999C	----	$5,075	----	----	----	$5,075	
Accrued Principal Payment 2005	----	$440,000	----	----	----	$440,000	
Accrued Interest Payment 2005	----	$1,799,744	----	----	----	$1,799,744	
Bonds Payable 1999A	----	----	----	----	$595,000	$595,000	
Bonds Payable 1999C	----	----	----	----	$6,660,000	$6,660,000	
Bonds Payable 2005	----	----	----	----	$5,970,000	$5,970,000	
Fund Equity, Other Credits							
Investments in General Fixed Assets	----	----	----	$8,305,270	----	$8,305,270	
Fund Balances							
Restricted for Debt Service 1999A/B	----	$126,866	----	----	----	$126,866	
Restricted for Debt Service 1999C	----	($218,849)	----	----	----	($218,849)	
Restricted for Debt Service 2005	----	($1,307,340)	----	----	----	($1,307,340)	
Restricted for Capital Projects 1999A/B	----	----	$148,224	----	----	$148,224	
Assigned for General Fund	$300,000	----	----	----	----	$300,000	
Unassigned General Fund	$2,457,357	----	----	----	----	$2,457,357	
Total Liabilities, Fund Equity	$2,776,164	$1,790,495	$148,224	$8,305,270	$13,225,000	$26,245,154	

Indigo
Community Development District
Combined Balance Sheet As of July 31, 2020

Series 1999C

Series 2005

1

INDIGO
COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND
Statement of Revenues & Expenditures
As of July 31, 2020

	General Fund
Budget	Prorated Budget
7/31/20	Actual
7/31/20	
Variance	
REVENUES:					
Maintenance Assessments	$713,368	$713,368	$899,471	$186,103	
City of Daytona Funding	$8,100	$8,100	$0	($8,100)	
Interest Income	$50,000	$41,667	$29,095	($12,572)	
TOTAL REVENUES	$771,468	$763,135	$928,565	$165,431	

EXPENDITURES:					
ADMINISTRATIVE:					
Supervisor Fees	$12,000	$10,000	$4,600	$5,400	
FICA Expense	$918	$765	$352	$413	
Engineering	$5,000	$4,167	$0	$4,167	
Attorney	$32,000	$26,667	$17,323	$9,343	
Annual Audit	$6,500	$4,900	$4,900	$0	
Arbitrage	$1,350	$1,350	$1,350	$0	
Trustee	$4,089	$4,089	$8,942	($4,853)	
Dissemination Agent	$3,100	$2,583	$2,500	$83	
Special Assessment Roll Preparation	$20,000	$20,000	$20,000	$0	
Management Fees	$56,500	$47,083	$47,083	$0	
Information Technology	$4,000	$3,333	$2,333	$1,000	
Telephone	$300	$250	$49	$201	
Postage	$1,500	$1,250	$1,090	$160	
Insurance	$20,300	$20,300	$19,378	$922	
Printing & Binding	$1,750	$1,458	$647	$812	
Legal Advertising	$2,500	$2,083	$4,475	($2,392)	
Other Current Charges	$1,000	$833	$913	($80)	
Office Supplies	$350	$292	$90	$202	
Foreclosure Costs	$0	$0	$9,675	($9,675)	
Dues, Licenses, Subscriptions	$175	$175	$175	$0	
Office Expense	$6,000	$5,000	$5,000	$0	
TOTAL ADMINISTRATIVE	$179,332	$156,579	$150,876	$5,703	

FIELD:					
Operating Expenses I-95
Landscape Maintenance	
$50,400	
$42,000	
$42,000	
($0)	
Landscape Contingency	$2,000	$1,667	$1,236	$431	
Irrigation Repairs & Maintenance	$10,000	$8,333	$11,705	($3,372)	
Mowing	$8,100	$6,750	$0	$6,750	
Lakes	$5,156	$4,297	$4,208	$89	
Plant Replacement & Annuals	$8,000	$6,667	$1,750	$4,917	
Utilities	$18,000	$15,000	$11,642	$3,358	
Repairs	$10,000	$8,333	$13,693	($5,360)	
Miscellaneous	$2,000	$1,667	$7,013	($5,346)	
Operating Expenses I-95	$113,656	$94,713	$93,247	$1,466	

2

INDIGO
COMMUNITY DEVELOPMENT DISTRICT

GENERAL FUND
Statement of Revenues & Expenditures

	General Fund	Prorated Budget	Actual		
	Budget	7/31/20	7/31/20	Variance	

Operating Expenses Community Wide					
Site Manager	$31,800	$26,500	$26,500	$0	
Landscape Maintenance	$462,084	$385,070	$349,070	$36,000	
Landscape Contingency	$26,912	$22,427	$27,548	($5,122)	
Irrigation Repairs & Maintenance	$30,000	$25,000	$35,052	($10,052)	
Lakes	$37,212	$31,010	$31,568	($558)	
Plant Replacement & Annuals	$35,000	$29,167	$42,256	($13,089)	
Utilities	$45,000	$37,500	$24,683	$12,817	
Repairs	$65,972	$54,977	$43,117	$11,859	
Stormwater System	$3,750	$3,125	$1,035	$2,090	
Sidewalks	$3,000	$2,500	$0	$2,500	
Miscellaneous	$15,000	$12,500	$7,836	$4,664	
Conservation Easement Maintenance	$28,000	$23,333	$36,180	($12,847)	
Tree Trimming	$43,200	$36,000	$36,000	$0	
Pressure Washing	$17,000	$14,167	$17,535	($3,368)	
Operating Expenses Community Wide	$843,930	$703,275	$678,380	$24,895	
					
TOTAL FIELD	$957,586	$797,988	$771,627	$26,361	
					
TOTAL EXPENDITURES	$1,136,918	$954,567	$922,503	$32,064	

EXCESS REVENUES/	

(EXPENDITURES) AND OTHER SOURCES	($365,450)	-----	$6,062	-----	
FUND BALANCE - BEGINNING	$365,450	-----	$2,751,295	-----	

FUND BALANCE - ENDING	
$0	
-----	
$2,757,357	
-----	

3

INDIGO
COMMUNITY DEVELOPMENT DISTRICT
DEBT SERVICE FUND
Series 1999A
Statement of Revenues & Expenditures As of July 31, 2020

	Debt Service
Budget	Prorated Budget
7/31/20	Actual
7/31/20	
Variance	
REVENUES:					
Special Assessments	$80,675	$80,675	$79,889	($786)	
Interest Income	$0	$0	$116	$116	
TOTAL REVENUES	$80,675	$80,675	$80,005	($670)	

EXPENDITURES:					
Interest Expense - 11/01	$22,050	$22,050	$22,050	$0	
Principal Expense - 5/01	$35,000	$35,000	$35,000	$0	
Interest Expense - 5/01	$22,050	$22,050	$22,050	$0	
TOTAL EXPENDITURES	$79,100	$79,100	$79,100	$0	

OTHER SOURCES/(USES)					
Other Debt Service Costs	$0	$0	$0	$0	
TOTAL OTHER	$0	$0	$0	$0	

EXCESS REVENUES/					
(EXPENDITURES) AND OTHER SOURCES	$1,575	-----	$905	-----	
FUND BALANCE - BEGINNING	$42,614	-----	$125,961	-----	

FUND BALANCE - ENDING	
$44,189	
-----	
$126,866	
-----	

Fund Balance Calculation		
Reserve Account	$80,675	
Revenue Account	 	$46,191 	
Total Series 1999A Funds Available	 	$126,866 	

4

INDIGO
COMMUNITY DEVELOPMENT DISTRICT
DEBT SERVICE FUND
Series 1999C
Statement of Revenues & Expenditures As of July 31, 2020

	Debt Service
Budget	Prorated Budget
7/31/20	Actual
7/31/20	
Variance	
REVENUES:					
Special Assessments - Tax Collector	$541,407	$541,407	$732,932	$191,525	
Settlement Agreement	$0	$0	$25,760	$25,760	
Interest Income	$0	$0	$4,505	$4,505	
TOTAL REVENUES	$541,407	$541,407	$763,198	$221,791	

EXPENDITURES:					
Interest - 11/1	$233,100	$233,100	$233,100	$0	
Interest - 05/1	$233,100	$233,100	$233,100	$0	
Debt Service Obligation	$75,207	$0	$0	$0	
TOTAL EXPENDITURES	$541,407	$466,200	$466,200	$0	

OTHER SOURCES/(USES)					
Other Debt Service Costs	$0	$0	($49,099)	($49,099)	
TOTAL OTHER	$0	$0	($49,099)	($49,099)	
EXCESS REVENUES					
(EXPENDITURES) AND OTHER SOURCES	$0	-----	$247,899	-----	
FUND BALANCE - BEGINNING	$0	-----	($466,748)	-----	

FUND BALANCE - ENDING	
$0	
-----	
($218,849)	
-----	

Fund Balance Calculation		
Reserve Account	$59,586	
Revenue Account	$671,300	
Redemption Account	$339	
Remedial Expenditure	$0	
Accrued Interest Payable	($5,075)	
Accrued Principal Payable	 	($945,000) 	
Total Series 1999C Funds Available	 	($218,849) 	

5

INDIGO
COMMUNITY DEVELOPMENT DISTRICT
DEBT SERVICE FUND
Series 2005
Statement of Revenues & Expenditures As of July 31, 2020

	Debt Service
Budget	Prorated Budget
7/31/20	Actual
7/31/20	
Variance	
REVENUES:					
Special Assessments - Tax Collector	$213,014	$213,014	$284,830	$71,816	
Special Assessmetns - Prepayments	$0	$0	$4,853	$4,853	
Settlement Agreement	$0	$0	$55,896	$55,896	
Interest Income	$0	$0	$6,232	$6,232	
TOTAL REVENUES	$213,014	$213,014	$351,812	$138,798	

EXPENDITURES:					
Debt Service Obligation	$213,014	$0	$0	$0	
TOTAL EXPENDITURES	$213,014	$0	$0	$0	

OTHER SOURCES/(USES)					
Other Debt Service Costs	$0	$0	($43,723)	($43,723)	
TOTAL OTHER	$0	$0	($43,723)	($43,723)	

EXCESS REVENUES	 	
(EXPENDITURES) AND OTHER SOURCES	$0	-----	$308,089	-----

FUND BALANCE - BEGINNING	$0	-----	($1,615,429)	-----	

FUND BALANCE - ENDING	
$0	
-----	
($1,307,340)	
-----	

Fund Balance Calculation		
Reserve Account	$60,203	
Escrow Deposit Fund	$9,847	
Prepayment Account	$1,978	
Revenue Account	$860,376	
Remedial Expenditure	$0	
Accrued Interest Payable	($1,799,744)	
Accrued Principal Payable	 	($440,000) 	
Total Series 2005 Funds Available	 	($1,307,340) 	

6

INDIGO
COMMUNITY DEVELOPMENT DISTRICT
CAPITAL PROJECTS FUND
Series 1999A
Statement of Revenues & Expenditures
As of July 31, 2020

	Capital Projects	Prorated Budget	Actual		
	Budget	7/31/20	7/31/20	Variance	
REVENUES:					
Interest Income	$0	$0	$123	$123	
TOTAL REVENUES	$0	$0	$123	$123	

EXPENDITURES:					
Capital Outlay	$0	$0	$0	$0	
TOTAL EXPENDITURES	$0	$0	$0	$0	

EXCESS REVENUES	
 					
(EXPENDITURES)	$0	$0	$123	$123	
FUND BALANCE - BEGINNING	$0	-----	$148,102	-----	

FUND BALANCE - ENDING	
$0	
-----	
$148,224	
-----	

7

INDIGO
COMMUNITY DEVELOPMENT DISTRICT

Month to Month Income Statement FY2020

	October	November	December	January	February	March	April	May	June	July	August	September	Total	
REVENUES:														
Maintenance Assessments	$0	$29,942	$302,029	$66,169	$142,301	$5,956	$99,605	$12,272	$205,186	$36,011		$0	$0	$899,471	
City of Daytona Funding	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	$0	
Interest Income	$4,657
.	$4,040	$3,972	$3,955	$3,617	$2,995	$2,019	$1,687	$1,203	$949		$0	$0	$29,095	
TOTAL REVENUES	$4,657	$33,982	$306,000	$70,125	$145,918	$8,951	$101,624	$13,960	$206,388	$36,961		$0	$0	$928,565	

EXPENDITURES:														
ADMINISTRATIVE:														
Supervisor Fees	$800	$0	$800	$0	$0	$0	$0	$0	$2,000	$1,000		$0	$0	$4,600	
FICA Expense	$61	$0	$61	$0	$0	$0	$0	$0	$153	$77		$0	$0	$352	
Engineering	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	$0	
Attorney	$1,888	$2,357	$1,793	$743	$1,342	$703	$479	$2,024	$5,995	$0		$0	$0	$17,323	
Annual Audit	$500	$0	$3,000	$1,400	$0	$0	$0	$0	$0	$0		$0	$0	$4,900	
Arbitrage	$0	$0	$900	$0	$450	$0	$0	$0	$0	$0		$0	$0	$1,350	
Trustee	$0	$0	$0	$4,089	$4,853	$0	$0	$0	$0	$0		$0	$0	$8,942	
Dissemination Agent	$250	$250	$250	$250	$250	$250	$250	$250	$250	$250		$0	$0	$2,500	
Special Assessment Roll Preparation	$20,000	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	$20,000	
Management Fees	$4,708	$4,708	$4,708	$4,708	$4,708	$4,708	$4,708	$4,708	$4,708	$4,708		$0	$0	$47,083	
Information Technology	$233	$233	$233	$233	$233	$233	$233	$233	$233	$233		$0	$0	$2,333	
Telephone	$15	$0	$0	$0	$35	$0	$0	$0	$0	$0		$0	$0	$49	
Postage	$27	$5	$270	$8	$8	$12	$21	$258	$272	$208		$0	$0	$1,090	
Insurance	$19,378	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	$19,378	
Printing & Binding	$34	$57	$2	$245	$9	$14	$0	$2	$213	$70		$0	$0	$647	
Legal Advertising	$233	$233	$767	$0	$697	$238	$801	$654	$438	$414		$0	$0	$4,475	
Other Current Charges	$52	$171	$194	$52	$177	$66	$50	$50	$48	$54		$0	$0	$913	
Office Supplies	$0	$20	$0	$21	$1	$1	$0	$1	$20	$26		$0	$0	$90	
Foreclosure Costs	$70	$323	$0	$618	$1,576	$2,524	$4,565	$0	$0	$0		$0	$0	$9,675	
Dues, Licenses, Subscriptions	$175	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	$175	
Office Expense	$500	$500	$500	$500	$500	$500	$500	$500	$500	$500		$0	$0	$5,000	
TOTAL ADMINISTRATIVE	$48,925	$8,857	$13,479	$12,868	$14,839	$9,248	$11,608	$8,680	$14,831	$7,541		$0	$0	$150,876	

8

INDIGO
COMMUNITY DEVELOPMENT DISTRICT

Month to Month Income Statement FY2020

	October	November	December	January	February	March	April	May	June	July	August	September	Total	

FIELD:														
Operating Expenses I-95
Landscape Maintenance	
$4,200	
$4,200	
$4,200	
$4,200	
$4,200	
$4,200	
$4,200	
$4,200	
$4,200	
$4,200		
$0	$0	
$42,000	
Landscape Contingency	$0	$0	$0	$0	$0	$486	$0	$0	$0	$750		$0	$0	$1,236	
Irrigation Repairs & Maintenance	$0	$0	$2,045	$0	$813	$4,052	$0	$0	$2,245	$2,551		$0	$0	$11,705	
Mowing	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	$0	
Lakes	$385	$385	$385	$385	$385	$385	$743	$385	$385	$385		$0	$0	$4,208	
Plant Replacement & Annuals	$0	$0	$0	$0	$0	$0	$0	$0	$1,750	$0		$0	$0	$1,750	
Utilities	$890	$1,123	$1,277	$1,490	$1,301	$879	$1,508	$1,369	$1,805	$0		$0	$0	$11,642	
Repairs	$45	$85	$45	$234	$45	$45	$45	$8,973	$1,093	$3,083		$0	$0	$13,693	
Miscellaneous	$109	$2,881	$131	$131	$131	$131	$3,103	$131	$131	$131		$0	$0	$7,013	
OPERATING EXPENSES I-95	$5,629	$8,674	$8,084	$6,440	$6,875	$10,178	$9,599	$15,059	$11,609	$11,100		$0	$0	$93,247	
														
	October	November	December	January	February	March	April	May	June	July	August	September	Total	
Operating Expenses Community Wide
Site Manager	
$2,650	
$2,650	
$2,650	
$2,650	
$2,650	
$2,650	
$2,650	
$2,650	
$2,650	
$2,650		
$0	$0	
$26,500	
Landscape Maintenance	$34,907	$34,907	$34,907	$34,907	$34,907	$34,907	$34,907	$34,907	$34,907	$34,907		$0	$0	$349,070	
Landscape Contingency	$6,737	$525	$4,208	$850	$1,335	$525	$2,961	$2,410	$2,659	$5,339		$0	$0	$27,548	
Irrigation Repairs & Maintenance	$5,169	$7,601	$2,293	$6,289	$5,936	$3,224	$3,952	$0	$589	$0		$0	$0	$35,052	
Lakes	$3,101	$3,163	$3,163	$3,163	$3,163	$3,163	$3,163	$3,163	$3,163	$3,163		$0	$0	$31,568	
Plant Replacement & Annuals	$0	$0	$7,902	$0	$1,100	$6,076	$4,136	$2,500	$14,906	$5,636		$0	$0	$42,256	
Utilities	$2,685	$2,539	$2,601	$2,752	$2,623	$2,590	$2,474	$1,879	$2,186	$2,354		$0	$0	$24,683	
Repairs	$1,023	$946	$2,231	$17,456	$9,622	$2,720	$524	$948	$2,914	$4,731		$0	$0	$43,117	
Stormwater System	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1,035		$0	$0	$1,035	
Sidewalks	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	$0	
Miscellaneous	$109	$131	$131	$131	$131	$131	$131	$363	$5,930	$646		$0	$0	$7,836	
Conservation Easement Maintenance	$3,250	$3,250	$3,250	$3,250	$3,250	$3,250	$4,722	$3,986	$3,986	$3,986		$0	$0	$36,180	
Tree Trimming	$3,600	$3,600	$3,600	$3,600	$3,600	$3,600	$3,600	$3,600	$3,600	$3,600		$0	$0	$36,000	
Pressure Washing	$0	$0	$0	$0	$0	$0	$0	$0	$17,535	$0		$0	$0	$17,535	
OPERATING EXPENSES COMMUNITY WIDE	$63,232	$59,311	$66,937	$75,048	$68,318	$62,836	$63,220	$56,406	$95,025	$68,047		$0	$0	$678,380	
														
TOTAL EXPENDITURES	$117,786	$76,843	$88,500	$94,356	$90,032	$82,262	$84,427	$80,145	$121,466	$86,687		$0	$0	$922,503	
														
EXCESS REVENUES/ (EXPENDITURES)	($113,129)	($42,861)	$217,501	($24,231)	$55,886	($73,311)	$17,197	($66,185)	$84,922	($49,727)		$0	$0	$6,062	

9

INDIGO COMMUNITY DEVELOPMENT DISTRICT
ASSESSMENT RECEIPTS - FY2020

TAX COLLECTOR

UNITS
NET TAX ROLL ASSESSED	4,912.20	$	722,158.93	$ 79,064.20	$	567,166.29	$	268,908.34	$ 1,637,297.76	

TAX ROLL RECEIVED	RECEIPTS	O&M	1999A	1999C	2005A	REVENUE	
-
11/12/19	$ 20,277.56	$ 10,600.39	$	968.54    $	8,708.63    $	-	$ 20,277.56	
11/19/19	$ 42,561.18	$ 19,341.74	$   4,553.91    $  16,691.61    $	1,973.92 $ 42,561.18	
12/2/19	$ 203,954.30	$ 94,249.55	$ 16,570.05 $ 75,943.07 $ 17,191.63 $ 203,954.30	
12/6/19	$	8,271.40	$	8,271.40	$	-	$	-	$	-	$	8,271.40	
12/12/19	$ 370,749.70	$ 169,733.54	$ 35,167.74 $ 124,678.23 $ 41,170.19 $ 370,749.70	
12/20/19	$ 65,111.82	$ 29,774.18	$   4,866.08    $  22,295.56    $	8,176.00 $ 65,111.82	
1/7/20	$ 17,410.08	$	7,558.53	$  1,689.80    $	6,459.08    $	1,702.67 $ 17,410.08	
1/8/20	$ 14,752.91	$ 14,752.91	$	-	$	-	$	-	$ 14,752.91	
1/22/20	$ 134,173.86	$ 43,857.87	$	739.42 $ 31,044.04 $ 58,532.53 $ 134,173.86	
2/3/20	$ 10,552.14	$	4,192.43	$  1,480.41    $	4,303.90    $	575.40 $ 10,552.14	
2/4/20	$ 271,903.99	$ 134,226.80	$	-	$ 137,677.19    $	-	$ 271,903.99	
2/19/20	$	7,838.31	$	3,881.51	$	467.51    $	1,475.39    $	2,013.90    $	7,838.31	
3/3/20	$	4,917.44	$	2,265.38	$	675.36    $	1,686.07    $	290.63    $	4,917.44	
3/17/20	$	8,878.86	$	3,690.57	$  1,221.55    $	3,385.48    $	581.26    $	8,878.86	
3/30/20	$ 221,805.41	$ 99,604.84	$	794.90    $ 121,333.54    $	72.13 $ 221,805.41	
5/5/20	$ 10,740.98	$	4,939.83	$	805.76    $	4,189.84    $	805.55 $ 10,740.98	
5/12/20	$ 11,372.35	$	7,332.44	$	573.31    $	2,879.46    $	587.14 $ 11,372.35	
6/4/20	$	2,061.57	$	886.08	$	141.21    $	731.90    $	302.38    $	2,061.57	
6/17/20	$	8,879.03	$	3,689.47	$	888.91    $	3,393.51    $	907.14    $	8,879.03	
6/23/20	$ 438,325.51	$ 200,609.95	$ 8,284.82 $ 139,226.77 $ 90,203.97 $ 438,325.51	
7/10/20	$ 122,584.00	$ 36,011.09	$	-	$ 26,828.92 $ 59,743.99 $ 122,584.00	

$	-	$
$	-	$

-	$	-	$	-	$	-	$	-
-	$	-	$	-	$	-	$	-
$	-

TOTAL TAX ROLL RECEIVED	$ 1,997,122.40	$	899,470.50	$ 79,889.28	$	732,932.19	$	284,830.43	$ 1,997,122.40	

BALANCE DUE TAX ROLL	$ (177,311.57)	$	(825.08)	$ (165,765.90)	$	(15,922.09)	$ (359,824.64)	

PERCENT COLLECTED	124.55%	101.04%	129.23%	105.92%	121.98%

10