CONCORDE ESTATES COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS MEETING JULY 24, 2014

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1 CONCORDE ESTATES COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS MEETING JULY 24, 2014

2 CONCORDE ESTATES COMMUNITY DEVELOPMENT DISTRICT AGENDA JULY 24, :00 a.m. Concorde Estates Clubhouse 3151 Georgian Bay Lane Kissimmee, FL District Board of Supervisors Sailyn Alli Board Supervisor, Chairperson John Blakley Board Supervisor, Vice Chairman Basam Alli Board Supervisor, Assistant Secretary Edwin Diaz Board Supervisor, Assistant Secretary Lloyd Jones Board Supervisor, Assistant Secretary District Manager Jeremy Needham Rizzetta & Company, Inc. District Counsel` Larry Brown Brown, Garganese, Weiss & D Agresta Gregg Johnson Brown, Garganese, Weiss & D Agresta District Engineer Steven Boyd Boyd Civil Engineering All Cellular phones and pagers must be turned off during the meeting. The District Agenda is comprised of five different sections: The meeting will begin promptly at 10:00 a.m. with the first section which is called Audience Comments. The Audience Comment portion of the agenda is where individuals may comment on matters that concern the District. Each individual is limited to three (3) minutes for such comment. The Board of Supervisors or Staff is not obligated to provide a response until sufficient time for research or action is warranted. IF THE COMMENT CONCERNS A MAINTENANCE RELATED ITEM, THE ITEM WILL NEED TO BE ADDRESSED BY THE DISTRICT MANAGER OUTSIDE THE CONTEXT OF THIS MEETING. The second section is called Staff Reports. This section allows the District Manager, Engineer, and Attorney to update the Board of Supervisors on any pending issues that are being researched for Board action. The third section is called Business Administration. The Business Administration section contains items that require the review and approval of the District Board of Supervisors as a normal course of business. The fourth section is called Business Items. The business items section contains items for approval by the District Board of Supervisors that may require discussion, motion and votes on an item-by-item basis. Occasionally, certain items for decision within this section are required by Florida Statute to be held as a Public Hearing. During the Public Hearing portion of the agenda item, each member of the public will be permitted to provide one comment on the issue, prior to the Board of Supervisors discussion, motion and vote. Agendas can be reviewed by contacting the Manager s office at (407) at least seven days in advance of the scheduled meeting. Requests to place items on the agenda must be submitted in writing with an explanation to the District Manager at least fourteen (14) days prior to the date of the meeting. The final section is called Supervisor Requests. This is the section in which the Supervisors may request Staff to prepare certain items in an effort to meet residential needs. Public workshops sessions may be advertised and held in an effort to provide informational services. These sessions allow staff or consultants to discuss a policy or business matter in a more informal manner and allow for lengthy presentations prior to scheduling the item for approval. Typically no motions or votes are made during these sessions. Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this meeting is asked to advise the District Office at (407) , at least 48 hours before the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service at 1 (800) , who can aid you in contacting the District Office. Any person who decides to appeal any decision made by the Board with respect to any matter considered at the meeting is advised that this same person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which the appeal is to be based.

3 CONCORDE ESTATES COMMUNITY DEVELOPMENT DISTRICT DISTRICT OFFICE 8529 SOUTH PARK CIRCLE SUITE 330 ORLANDO, FLORIDA Board of Supervisors Concorde Estates Community Development District July 17, 2014 Dear Board Members: AGENDA The regular meeting of the Board of Supervisors of Concorde Estates Community Development District will be held on Thursday, July 24, 2014 at 10:00 a.m. at the Concorde Estates Clubhouse, located at 3151 Georgian Bay Lane, Kissimmee, Florida Following is the agenda for the meeting. 1. CALL TO ORDER/ROLL CALL 2. AUDIENCE COMMENTS ON AGENDA ITEMS 3. STAFF REPORTS A. District Counsel B. District Engineer C. Clubhouse Manager 1. Amenity Management Report... Tab 1 D. District Manager 4. BUSINESS ADMINISTRATION A. Consideration of the Minutes of the Board of Supervisors Regular Meeting held on June 26, Tab 2 B. Consideration of Operation and Maintenance Expenditures for June Tab 3 5. BUSINESS ITEMS A. Presentation of Monthly Maintenance Reports... Tab 4 B. Consideration of Clubhouse Painting and Foam Repair Proposals... Tab 5 C. Ratification of Audit Report for Period Ended September 30, Tab 6 D. Public Hearing on FY 14/15 Final Budget 1. Consideration of Resolution , Adopting Final Budget & Appropriation FY Tab 7 2. Consideration of Resolution , Annual Assessment Resolution FY Tab 8 6. SUPERVISOR REQUESTS AND AUDIENCE COMMENTS 7. ADJOURNMENT I look forward to seeing you at the meeting. In the meantime, if you have any questions, please do not hesitate to call me at (407) Very truly yours, Jeremy Needham Jeremy Needham District Manager

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5 June /July 2014 Amenity Management Report Maintenance and Improvements: Clubhouse Manager: Richard McGath Clubhouse Address: 3151 Georgian Bay Lane Kissimmee, Florida Clubhouse Phone: (407) Monitored amenity center and surrounding areas. Cleaned and maintained amenity center and surrounding areas. Drove community to inspect all parks, playgrounds, and ponds. Picked up trash along the Main Boulevard and parks. Sprayed crack weeds around pool and playground. Treated ant mounds around amenity center. Received and installed new tables in pool area. Received and installed new park grills. Fixed two holes with black top in alley ways. Called contractors to install concrete pads in neighborhood. Contacted Pool Works to receive price to heat the pool. Worked with Valley Crest. Worked with Exercise Systems to fix tread mill. Worked with Village Pools to fix splash pad. Worked with Titan management concerning basketball hoops. Received and submitted proposal to fix fence issues in the neighborhood. Submitted 3 Painting and foam replacement proposals. Resident Relations: Issued 6 new access cards to residents. Booked 4 party room rentals. Sent blast & set up party room for D.R. Horton Pool Party. Prepared by Rizzetta Amenity Services, Inc. 1

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7 CONCORDE ESTATES COMMUNITY DEVELOPMENT DISTRICT June 26, 2014 Minutes of Meeting Page 1 MINUTES OF MEETING Each person who decides to appeal any decision made by the Board with respect to any matter considered at the meeting is advised that the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based. CONCORDE ESTATES COMMUNITY DEVELOPMENT DISTRICT The regular meeting of the Board of Supervisors of Concorde Estates Community Development District was held on Thursday, June 26, 2014 at 10:00 a.m., at the Concorde Estates Clubhouse, located at 3151 Georgian Bay Lane, Kissimmee, Florida Present and constituting a quorum: Sailyn Alli John Blakley Basam Alli Edwin Diaz Lloyd Jones Also present were: Jeremy Needham Gregg Johnson Rich McGath Audience Members Board Supervisor, Chairperson Board Supervisor, Vice Chairperson Board Supervisor, Assistant Secretary Board Supervisor, Assistant Secretary Board Supervisor, Assistant Secretary District Manager, Rizzetta & Company, Inc. District Counsel, Brown, Garganese, Weiss & D Agresta Clubhouse Manager Present FIRST ORDER OF BUSINESS Call to Order Mr. Needham called the meeting to order and read the roll. SECOND ORDER OF BUSINESS Audience Comments on the Agenda Items Mr. Needham asked for any comments from the audience. There were none. THIRD ORDER OF BUSINESS Staff Reports A. District Counsel Mr. Johnson discussed the contract with Protection 1. He discussed some of the issues with the contract and stated that he would have to negotiate certain aspects with Protection 1.

8 CONCORDE ESTATES COMMUNITY DEVELOPMENT DISTRICT June 26, 2014 Minutes of Meeting Page 2 On Motion by Mr. Blakley, seconded by Ms. Alli, with all in favor, the Board authorized District Counsel to negotiate a contract with Protection 1 regarding the security system for Concorde Estates Community Development District. B. District Engineer Not present. C. Clubhouse Manager Mr. McGath updated the Board of Supervisors on issues regarding the community. Ms. Alli stated that the new treadmill needs repair as it periodically just shuts off while in use. D. District Manager Mr. Needham stated that Mr. Boyd updated him on the lighting and stated that it is being changed out. Mr. Needham stated that there was a break in involving the model homes. The Board of Supervisors discussed the off duty officer hours and adding additional hours. Mr. Needham stated that he would submit the request to add additional days of patrol to the Osceola County Sheriffs Office. Mr. Needham discussed the budget comparison spreadsheet he d prepared with the Board of Supervisors. Further discussion ensued. FOURTH ORDER OF BUSINESS Consideration of the Minutes of the Board of Supervisors Regular Meeting held on May 22, 2014 Mr. Needham stated that the minutes were reviewed by District Counsel. On Motion by Mr. Diaz, seconded by Mr. Blakley, with all in favor, the Board approved the Minutes of the Board of Supervisors Meeting held on May 22, 2014 for Concorde Estates Community Development District. FIFTH ORDER OF BUSINESS Consideration of Operation and Maintenance Expenditures for May 2014 Mr. Needham reviewed the expenditures with the Board. Brief discussion ensued. On Motion by Ms. Alli, seconded by Mr. Diaz, with all in favor, the Board approved the Operation and Maintenance Expenditures for May 2014 ($53,371.23) for Concorde Estates Community Development District.

9 CONCORDE ESTATES COMMUNITY DEVELOPMENT DISTRICT June 26, 2014 Minutes of Meeting Page 3 SIXTH ORDER OF BUSINESS Presentation of Monthly Maintenance Reports Mr. McGath discussed the monthly maintenance reports from Valley Crest and American Ecosystems with the Board of Supervisors. Brief discussion ensued. SEVENTH ORDER OF BUSINESS Consideration of Resolution , Annual Meeting Schedule FY Mr. Needham discussed the annual schedule with the Board of Supervisors. The Board of Supervisors changed the meeting date from the 4 th Thursday of the month to instead occur on the 4th Wednesday of the month, except for the November and December regular meetings which would be set for November 20, 2014 and December 18, 2014 due to the holidays. It was stated that all meetings would remain at 10:00 a.m. except for the November 2014, February 2015, May 2015 and the August 2015 meetings which would occur at 6 p.m. It was stated that the meeting location would remain at the Concorde Estates Clubhouse, located at 3151 Georgian Bay Lane, Kissimmee, Florida On Motion by Mr. Alli, seconded by Mr. Jones, with all in favor, the Board adopted Resolution , Annual Meeting Schedule FY for Concorde Estates Community Development District. EIGHTH ORDER OF BUSINESS Supervisor Requests and Audience Comments There were no audience comments or Supervisor requests. Mr. Needham stated that the next meeting would be held on Thursday, July 24, 2014 at 10:00 a.m. at the Concorde Estates Clubhouse, located at 3151 Georgian Bay Lane, Kissimmee, Florida NINTH ORDER OF BUSINESS Adjournment On a motion by Mr. Blakley, seconded by Mr. Alli, with all in favor, the Board adjourned the meeting at 11:23 a.m. for Concorde Estates Community Development District. Assistant Secretary Chairman/Vice Chairman

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11 CONCORDE ESTATES COMMUNITY DEVELOPMENT DISTRICT DISTRICT OFFICE 8529 SOUTH PARK CIRCLE SUITE 330 ORLANDO, FLORIDA Operation and Maintenance Expenditures June 2014 For Board Approval Attached please find the check register listing the Operation and Maintenance expenditures paid from June 1, 2014 through June 30, This does not include expenditures previously approved by the Board. The total items being presented: $40, Approval of Expenditures: Chairman Vice Chairman Assistant Secretary

12 Concorde Estates Community Development District Paid Operation & Maintenance Expenses June 1, 2014 Through June 30, Cash-Operating Account-SunTrust Acct Vendor Name Check Number Invoice Number Invoice Description Invoice Amount Advanced Wildlife Trappers, LLC C.E. Pest Control Service 06/14 $ American Ecosystems, Inc Lake Maintenance 06/14 $ American Recycled Plastic, Inc Trash Receptacles $ 1, Anchor Air of Central Florida, Inc Annual Maintenance 1 of 2 $ Basam Alli 3392 BA Board of Supervisors Meeting 05/22/14 $ Boyd Civil Engineering, Inc Engineering Services 05/14 $ Brown, Garganese, Weiss & D'Agresta, P.A Monthly Legal Services 05/14 $ 1, CenturyLink /14 Acct# Clubhouse Telephone 06/14 Edwin Diaz 3397 ED Board of Supervisors Meeting 05/22/14 Envera D/B/A Hidden Eyes Pool Monitoring 07/01/14-07/31/14 $ $ $ Florida Department of Revenue /14 Sales Tax for May 2014 $ Guardian Protection Services, Inc Clubhouse Security Service 06/14 $ Jamestown Advanced Products Corporation 3398 L4150TRQ1 Park Grills-4 each $ John Blakley 3396 JB Board of Supervisors Meeting 05/22/14 Kissimmee Utility Authority /14 0 Grasmere View Parkway VLITE 06/14 $ $ , Kissimmee Utility Authority 3400 KUA Elec & Irr Summary 05/14 Electric & Irrigation Summary 05/14 $ 18, Lloyd Jones 3399 LJ Board of Supervisors Meeting 05/22/14 Orlando Sentinel Communications Acct #CU Legal Advertising 06/01/14 Osceola County Sheriff's Office Sheriff Services 07/14 $ $ $ Poolworks Pool Maintenance 06/14 $ Rizzetta & Company, Inc District Management Fees 06/14 $ 3,746.33

13 Concorde Estates Community Development District Paid Operation & Maintenance Expenses June 1, 2014 Through June 30, Cash-Operating Account-SunTrust Acct Vendor Name Check Number Invoice Number Invoice Description Invoice Amount Rizzetta Amenity Services, Inc Amenity Management Services 06/14 $ 6, S&S Prestige Worldwide, LLC Grill Removal & Disposal $ Sailyn Alli 3393 SA Board of Supervisors Meeting 05/22/14 $ ValleyCrest Landscape Maintenance Irrigation System Maintenance 06/14 $ Report Total $ 40,139.01

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59 BLANK SHEET

60 Concorde Estates Community Development District Statement of Revenues and Expenditures General Fund From 10/1/2013 Through 4/30/2014 (In Whole Numbers) Percent Annual Annual Budget YTD Budget YTD Actual YTD Variance Budget Remaining Revenues Interest Earnings Interest Earnings 0 0 1,733 1, % Special Assessments Tax Roll 487, , ,954 6,167 (1.26)% Off Roll 269, , , % Other Miscellaneous Revenues Clubhouse Rentals 0 0 3,621 3, % Total Revenues 757, , ,292 11,522 (1.52)% Expenditures Legislative Supervisor Fees 12,000 7,000 6, % Financial & Administrative Administrative Services 6,300 3,675 3, % District Management 22,680 13,230 13, % District Engineer 15,000 8,750 6,658 2, % Disclosure Report 5,000 2,917 5,000 (2,083) 0.00% Trustees Fees 9,000 6,000 4,041 1, % Assessment Roll (54) 32.90% Financial Consulting Services 6,000 5,583 5,583 (0) 6.94% Accounting Services 14,976 8,736 8, % Auditing Services 3,600 2, , % Arbitrage Rebate Calculation ,300 (650) (100.00)% Public Officials Liability Insurance 8,600 8,600 8, % Legal Advertising 1, % Bank Fees % Dues, Licenses & Fees % Tax Collector/ Property Appraiser % Fees Legal Counsel District Counsel 20,000 11,667 7,043 4, % Law Enforcement Deputy 25,000 14,583 10,440 4, % Security Operations Security Monitoring Services - 3,600 2,700 2, % Envera Guard & Gate Facility Maintenance % - Guardian Electric Utility Services Utility Services 17,000 9,917 7,418 2, % Utility-Recreation Facilities 10,000 5,833 7,002 (1,168) 29.98% Street Lights 85,000 49,583 62,418 (12,835) 26.56% Water-Sewer Combination Services Utility Services 86,000 50,167 43,751 6, % Stormwater Control Fountain Service Repairs & 2,500 1, , % Maintenance Aquatic Maintenance 7,000 4,083 3, % Lake/Pond Bank Maintenance 1, % See Notes to Unaudited Financial Statements

61 Concorde Estates Community Development District Statement of Revenues and Expenditures General Fund From 10/1/2013 Through 4/30/2014 (In Whole Numbers) Percent Annual Annual Budget YTD Budget YTD Actual YTD Variance Budget Remaining Other Physical Environment General Liability Insurance 7,500 7, , % Property Insurance 13,600 13,600 12, % Entry & Walls Maintenance 2,500 1, % Irrigation Repairs 5,000 2, , % Landscape Maintenance Contract 181, , ,277 (150) 41.58% Ornamental Lighting & Maintenance 1, % Landscape Miscellaneous - Sign 1, % Repair Landscape Replacement Plants, 20,000 11, , % Shrubs, Trees Annual Mulching & Tree Trimming 20,000 11, , % Parks & Recreation Management Contract - Amenity 58,355 34,040 32,926 1, % Pool Repairs 5,000 2, , % Pool Service Contract 8,000 4,667 5,000 (333) 37.50% Pool Permits (292) (31.25)% Gate Maintenance & Repairs 2,000 1, , % Maintenance & Repair - Park 1, % Fencing Office Supplies 1, % Maintenance & Repairs - Clubhouse 5,000 2,917 3,207 (290) 35.86% Clubhouse - Facility Janitorial 2,000 1, , % Service Equipment - On-site Manager Mobile % Telephone, Fax, Internet 2,500 1,458 1, % Pest Control & Termite Bond 1, % Vehicle Maintenance - Mileage 1, % Reimbursement Fitness Equipment Maintenance & 3,000 1,750 1, % Repairs Clubhouse Miscellaneous Expense (542) (66.67)% Lighting Replacement % Trail/Bike Path Maintenance % Athletic/Park Court/ Field Repairs 1, % Contingency Miscellaneous Contingency 46,667 27,222 29,134 (1,912) 37.56% Total Expenditures 757, , ,735 51, % Excess of Revenues Over (Under) Expenditures 0 299, ,557 62, % Excess of Rev./Other Sources Over Expend./Other Uses 0 299, ,557 62, % Fund Balance, Beginning of Period , , % Fund Balance, End of Period 0 299,579 1,241, , % See Notes to Unaudited Financial Statements

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68 CUSTOMER SERVICE SPECIALISTS PAINTING PROPOSAL SERVING ALL OF CENTRAL FLORIDA GENERAL CONSTRUCTION OF ORLANDO INC. Name: Address: City, State Zip: Job location: Corporate Office: 2728 Amanada Kay Way Kissimmee, Fl PH (407) Concorde Estates CDD 3151 GEORGIAN BAY LANE KISSIMME, FL GENERALCONSTRUCTIONOFORLANDO.COM Date: Cell Phone: FAX: 03/10/ WORK AREA BUILDINGS: PROPERTY LISTED ABOVE SCOPE OF WORK: Contractor shall provide the Services and Deliverable(s) as follows: Description: This proposal to prep and paint main entrance wall blue prep and paint 10 columns as well for $ Fix all the foam trim and paint it for $ Apply stain white to the area with the pavilions by the tennis courts $2,900 or painted for $ Finish removal of waste from job site We hereby proposed to furnish labor and materials complete in accordance with the bus specification for the specified some all work to be done in a professional and timely manner thank you for the opportunity to submit this proposal

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74 We specialize in commercial Building and Residential jobs 5500 Commerce Drive, Suite 3, Orlando, FL Office: Fax: PROPOSAL SUBBMITTED TO: NAME: Concorde Estates CDD ADDRESS3151 Georgian Bay Lane Kissimmee, FL, ATTN: Richard McGath PHONE: /09/2014 WORK TO BE PREFORMEDAT: Concorde Estates Clubhouse PROPOSAL We hereby propose to furnish the materials and perform the labor necessary for painting the archway front blue wall and ten columns in the pool area. Replace all the damaged Eifs around the columns A. Material Schedule: A - Prep all areas to be paint

75 B - First Coat PPG# Perma-Crete Interior/Exterior Acrylic Masonry Surface Sealer C - Second Coat Porter #519 Acri-Shield Satin Exterior Acrylic Stain Two Gazebos Material Schedule: A - Apply finish coat of Acri-Shield Acrylic Semi-transparent Stain B. Protection: 1. Maintain areas under contractor s control free of waste materials, debris and rubbish. 2. Remove waste materials, debris and rubbish from job site periodically and dispose of off-site, conforming to applicable regulation for disposal of debris. 3. Maintain disposal area if orderly manner, prevent run-off into waterways or onto adjacent properties. C. Storage and Protection: 1. Storage products immediately upon delivery, in accordance with manufacturer recommendations with seals and labels intact. 2. Protect until installed. D. Environmental Requirements: 1. Do not apply material during inclement weather, when humidity is above 85% or when air substrate surface temperature is below recommended. 2. Provide field sample illustrating coating color, color coverage, texture and finish. 3. Locate where directed. 4. Accepted sample may remain as part of the work, if surface is properly prepared. E. Colors: 1. Selected by property owner. We will provide color samples to be approved by owner or manager prior to the start of the job.

76 F. Cleaning: 1. AS work proceeds, promptly remove paint where spilled, splashed or splattered. 2. During progress of work maintain premises free of unnecessary accumulations of tools, equipment, surplus materials, and debris. 3. Collect waste, cloths, and materials which may constitute a fire hazard, place in metal containers and remove daily from site. G. Inspection: 1. Verify surfaces are ready to receive work as recommended by manufacturers. 2. Examine surfaces scheduled to be finished prior to commencement of work. Report any condition that may potentially effect proper application. 3. Verify moisture content does not exceed manufacturer recommended dry condition. H. Warranty: 1. Orlando Prestige painting & restoration Inc. will provide five year labor and material warranty to all painted masonry surfaces. 2. Warranty is against blistering, peeling, or other loss of adhesion of material applied by Orlando Prestige Painting & Restoration Inc., and other defects in material. 3. After each phase (pressure cleaning, sealing, patching, topcoat) a representative will inspect and approve prior to proceeding to the next phase. 4. No warranty on metal. I. Quality Assurance: Applicator Company specializing in commercial and residential painting, finishing with a minimum of 18 years documented local and statewide experience. All material is guaranteed to be as specified, and the above work to be performed in accordance with the drawings and specifications submitted for above work, and completed in substantial workmanlike manner for a grand total of 1. Arch blue wall - $ Paint Columns- $ Replace Foam trim - $1, Small gazebo - $1, Big gazebo - $2, Grand Total of: $5, Five Thousand Seven Hundred Dollars paint. Note: Damaged eifs will be repaired as needed and touched up with the same color Payment to be made as follow: After Completion of the work Estimated time: 1 week depending on weather condition. Your business is extremely important to us. We thank you for the opportunity to submit our bid proposal and hope we can come up to terms to perform the work at your property with our assurance of a job well done. If we can be of any assistance,

77 please feel free to contact us. If there are any arrangements or concerns that you would like to discuss please let us know. We will be glad to address them with you. Respectfully submitted, JOSE PINTO Jose Pinto CEO/Orlando Prestige Painting

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122 RESOLUTION THE ANNUAL APPROPRIATION RESOLUTION OF THE CONCORDE ESTATES COMMUNITY DEVELOPMENT DISTRICT (THE DISTRICT ) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2014, AND ENDING SEPTEMBER 30, 2015 WHEREAS, the District Manager has, prior to the fifteenth (15 th ) day in June, 2014, submitted to the Board of Supervisors (the Board ) a proposed budget for the next ensuing budget year along with an explanatory and complete financial plan for each fund of the Concorde Estates Community Development District, pursuant to the provisions of Section (2)(a), Florida Statutes; and WHEREAS, at least sixty (60) days prior to the adoption of the proposed annual budget (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 (2)(b), Florida Statutes; and WHEREAS, the Board set Thursday, July 24, 2014 as the date for a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section (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 or transmitted the Proposed Budget to the manager or administrator of Osceola County for posting on its website; and WHEREAS, Section (2)(a), Florida Statutes, requires that, prior to October 1 st of each year, the District 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 CONCORDE ESTATES COMMUNITY DEVELOPMENT DISTRICT: Section 1. Budget a. That the Board of Supervisors has reviewed the District Manager s Proposed Budget, a copy of which is on file with the office of the District Manager and at the District s Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.

123 b. That the District Manager s Proposed Budget, attached hereto as Exhibit A, as amended by the Board, is hereby adopted in accordance with the provisions of Section (2)(a), Florida Statutes, 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 for Fiscal Year 2014 and/or revised projections for Fiscal Year c. That the adopted budget, as amended, shall be maintained in the office of the District Manager and at the District s Records Office and identified as The Budget for the Concorde Estates Community Development District for the Fiscal Year Ending September 30, 2015, as adopted by the Board of Supervisors on July 24, d. The final adopted budget shall be posted by the District Manager on the District s official website within thirty (30) days after adoption or shall be transmitted to the manager or administrator of Osceola County for posting on its website. Section 2. Appropriations There is hereby appropriated out of the revenues of the Concorde Estates Community Development District, for the fiscal year beginning October 1, 2014, and ending September 30, 2015, the sum of $ to be raised by the levy of assessments and otherwise, which sum is deemed by the Board of Supervisors 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 TOTAL ALL FUNDS $ $ $ Section 3. Supplemental Appropriations The Board may authorize by resolution, supplemental appropriations or revenue changes for any lawful purpose from funds on hand or estimated to be received within the fiscal year as follows: a. The Board may authorize a transfer of the unexpended balance or portion thereof of any appropriation item. b. The Board may authorize an appropriation from the unappropriated balance of any fund. c. The Board may increase any revenue or income budget amount to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.

124 The District Manager and Treasurer shall have the power within a given fund to authorize the transfer of any unexpected balance of any appropriation item or any portion thereof, provided such transfers do not exceed Ten Thousand ($10,000) Dollars or have the effect of causing more than 10% of the total appropriation of a given program or project to be transferred; previously approved transfers included. Such transfer shall not have the effect of causing a more than $10,000 or 10% increase, previously approved transfers included, to the original budget appropriation for the receiving program. Other transfers within a program or project may be approved by the Board of Supervisors. The District Manager or Treasurer must establish administrative procedures which require information on the request forms proving that such transfer requests comply with this section. Introduced, considered favorably, and adopted this 24th day of July, ATTEST: CONCORDE ESTATES COMMUNITY DEVELOPMENT DISTRICT Assistant Secretary By: Its:

125 EXHIBIT A

126 CONCORDE ESTATES COMMUNITY DEVELOPMENT DISTRICT Approved Proposed Budget Packet for Fiscal Year 2014/2015 Public Hearing The following are enclosed in this Approved Proposed Budget Packet: Approved Proposed General Fund Budget & Debt Service Fund Budget worksheets for Fiscal Year 2014/2015. Assessment Charts from current Fiscal Year and Assessment Charts for Fiscal Year 2014/2015 if budgeted were to be adopted as proposed. General Fund Budget & Debt Service Fund Account Category Description for Fiscal Year 2014/2015. THE BUDGET PROPOSAL PACKET FOR FISCAL YEAR 2014/2015 IS SIMPLY A PROPOSED BUDGET AND PROPOSED LEVEL OF ASSESSMENTS WHICH ARE DONE AS PART OF THE BUDGET PROCESS. THESE ARE NOT FINAL AND SHOULD NOT BE CONSTRUED AS FINAL, UNTIL AFTER THE BOARD OF SUPERVISORS HAS HELD A PUBLIC HEARING ON THE BUDGET AND ADOPTED THE FINAL BUDGET AND LEVIED ASSESSMENTS. 1 of 14

127 12 Concorde Estates Community Development District Approved Proposed Budget General Fund Fiscal Year 2014/2015 Chart of Accounts Classification Actual YTD through 03/31/14 Projected Annual Totals 2013/2014 Annual Budget for 2013/2014 Projected Budget variance for 2013/2014 Budget for 2014/2015 Budget Increase (Decrease) vs 2013/2014 Comments REVENUES Special Assessments Tax Roll* $ 493,954 $ 987,908 $ 487,787 $ 500,121 $ 466,882 $ (20,905) Off Roll* $ 269,984 $ 539,968 $ 269,983 $ 269,985 $ 355,698 $ 85,715 TOTAL REVENUES $ 768,255 $ 1,536,510 $ 757,770 $ 778,740 $ 822,580 $ 64,810 Balance Forward from Prior Year $ - $ - $ - $ - $ - $ - TOTAL REVENUES AND BALANCE FORWARD $ 768,255 $ 1,536,510 $ 757,770 $ 778,740 $ 822,580 $ 64,810 EXPENDITURES - ADMINISTRATIVE Legislative Supervisor Fees $ 5,600 $ 11,200 $ 12,000 $ (800) $ 12,000 $ - Financial & Administrative Administrative Services $ 3,150 $ 6,300 $ 6,300 $ - $ 6,489 $ 189 3% increase District Management $ 11,340 $ 22,680 $ 22,680 $ - $ 23,360 $ 680 3% increase District Engineer $ 5,765 $ 11,530 $ 15,000 $ (3,470) $ 15,000 $ - Disclosure Report $ 5,000 $ 5,000 $ 5,000 $ - $ 5,000 $ - Trustees Fees $ 4,041 $ 8,082 $ 9,000 $ (918) $ 9,000 $ - Assessment Roll $ 416 $ 416 $ 620 $ (204) $ 620 $ - Financial Consulting Services $ 5,500 $ 6,000 $ 6,000 $ - $ 6,175 $ 175 3% increase Accounting Services $ 7,488 $ 14,976 $ 14,976 $ - $ 15,425 $ 449 3% increase Auditing Services $ - $ 3,600 $ 3,600 $ - $ 3,600 $ - Arbitrage Rebate Calculation $ 1,300 $ 1,300 $ 650 $ 650 $ 1,300 $ 650 Public Officials Liability Insurance $ 8,104 $ 8,104 $ 8,600 $ (496) $ 9,300 $ 700 possible 15% increase Legal Advertising $ 300 $ 600 $ 1,000 $ (400) $ 1,000 $ - Bank Fees $ 10 $ 20 $ 250 $ (230) $ - $ (250) Dues, Licenses & Fees $ 175 $ 175 $ 175 $ - $ 175 $ - Tax Collector /Property Appraiser Fees $ - $ - $ 15 $ (15) $ 15 $ - Legal Counsel District Counsel $ 5,925 $ 11,850 $ 20,000 $ (8,150) $ 15,000 $ (5,000) Foreclosure Expenses $ - $ - $ - $ - $ - $ - Administrative Subtotal $ 64,114 $ 111,833 $ 125,866 $ (14,033) $ 123,460 $ (2,406) EXPENDITURES - FIELD OPERATIONS Law Enforcement Deputy $ 9,672 $ 19,344 $ 25,000 $ (5,656) $ 25,000 $ - Security Operations Guard & Gate Facility Maintenance - Gaurdian $ 186 $ 372 $ 400 $ (28) $ 400 $ - Security Monitoring Services - Envera $ 2,700 $ 5,400 $ 3,600 $ 1,800 $ 888 $ (2,712) Cost for 5yr extended warranty Electric Utility Services Utility Services $ 6,409 $ 12,818 $ 17,000 $ (4,182) $ 17,000 $ - Street Lights $ 53,495 $ 106,990 $ 85,000 $ 21,990 $ 115,000 $ 30,000 Utility - Recreation Facilities $ 5,929 $ 11,858 $ 10,000 $ 1,858 $ 12,000 $ 2,000 Water-Sewer Combination Services Utility Services $ 37,574 $ 75,148 $ 86,000 $ (10,852) $ 86,000 $ - Utility - Irrigation - Backflow Testing $ - $ - $ - $ - $ 1,000 $ 1,000 Stormwater Control Aquatic Maintenance $ 3,156 $ 6,312 $ 7,000 $ (688) $ 7,000 $ - Fountain Service Repairs & Maintenance $ 400 $ 800 $ 2,500 $ (1,700) $ 2,500 $ - Lake/Pond Bank Maintenance $ 270 $ 270 $ 1,000 $ (730) $ 1,000 $ - Other Physical Environment Boiler Machinery Insurance $ 357 $ 357 $ 7,500 $ (7,143) $ 500 $ (7,000) Property Insurance / General Liability $ 12,803 $ 12,803 $ 13,600 $ (797) $ 14,700 $ 1,100 possible 15% increase Entry & Walls Maintenance $ 475 $ 475 $ 2,500 $ (2,025) $ 1,000 $ (1,500) Landscape Maintenance Contract $ 90,966 $ 181,932 $ 181,932 $ - $ 181,932 $ - Ornamental Lighting & Maintenance $ - $ - $ 1,500 $ (1,500) $ 1,500 $ - Irrigation Repairs $ 958 $ 1,916 $ 5,000 $ (3,084) $ 5,000 $ - Landscape Miscellaneous - Sign Repair $ - $ - $ 1,000 $ (1,000) $ 1,000 $ - Landscape Replacement Plants, Shrubs, Trees $ - $ - $ 20,000 $ (20,000) $ 10,000 $ (10,000) Annual Mulching & Tree Trimming $ - $ 18,000 $ 20,000 $ (2,000) $ 24,000 $ 4,000 Parks & Recreation Management Contract - Amenity $ 28,434 $ 56,868 $ 58,355 $ (1,487) $ 76,500 $ 18,145 $17,820/addt'l attendee& $4742/ ACA Pool Permits $ - $ 325 $ 400 $ (75) $ 400 $ - Maintenance & Repair - Park Fencing $ - $ - $ 1,500 $ (1,500) $ 1,500 $ - Gate Maintenance & Repairs $ - $ - $ 2,000 $ (2,000) $ 2,000 $ - Vehicle Maintenance - Mileage Reimbursement $ 332 $ 664 $ 1,000 $ (336) $ 1,000 $ - Fitness Equipment Maintenance & Repairs $ 919 $ 1,838 $ 3,000 $ (1,162) $ 3,000 $ - 2 of 14 Page 1 of 2

128 22 Concorde Estates Community Development District Approved Proposed Budget General Fund Fiscal Year 2014/2015 Chart of Accounts Classification Actual YTD through 03/31/14 Projected Annual Totals 2013/2014 Annual Budget for 2013/2014 Projected Budget variance for 2013/2014 Budget for 2014/2015 Budget Increase (Decrease) vs 2013/2014 $ $ $ $ $ $ $ $ $ $ $ $ Clubhouse - Facility Janitorial Service $ - $ - $ 2,000 $ (2,000) $ - (2,000) Pool Service Contract $ 4,200 $ 8,400 $ 8,000 $ 400 $ 9,000 1,000 Pool Repairs $ - $ - $ 5,000 $ (5,000) $ 5,000 - Maintenance & Repairs - Clubhouse $ 2,893 $ 5,786 $ 5,000 $ 786 $ 6,000 1,000 Telephone Fax, Internet $ 934 $ 1,868 $ 2,500 $ (632) $ 2,000 (500) Equipment - On-site Manager Mobile $ 300 $ 600 $ 600 $ - $ Office Supplies $ 52 $ 104 $ 1,000 $ (896) $ 500 (500) Pest Control & Termite Bond $ 552 $ 1,104 $ 1,200 $ (96) $ 1,200 - Athletic/Park Court/Field Repairs $ 343 $ 686 $ 1,500 $ (814) $ 1,000 (500) Lighting Replacement $ - $ - $ 650 $ (650) $ - (650) Clubhouse Miscellaneous Expense $ 142 $ 284 $ 500 $ (216) $ Trail/Bike Path Maintenance $ - $ - $ 500 $ (500) $ Contingency Miscellaneous Contingency $ 28,834 $ 28,834 $ 46,667 $ (17,833) $ 37,000 $ (9,667) Capital Reserves $ - $ - $ - $ - $ 44,000 $ 44,000 Comments Field Operations Subtotal $ 293,285 $ 562,156 $ 631,904 $ (69,748) $ 699,120 $ 67,216 TOTAL EXPENDITURES $ 357,399 $ 673,989 $ 757,770 $ (83,781) $ 822,580 $ 64,810 EXCESS OF REVENUES OVER EXPENDITURES $ 410,856 $ 862,521 $ - $ 862,521 $ 0 $ 0 3 of 14 Page 2 of 2

129 Concorde Estates Community Development District Debt Service Fiscal Year 2014/2015 REVENUES Special Assessments Chart of Accounts Classification Series 2011A-1 Series 2011A-2 Series 2011B Budget for 2014/2015 Net Special Assessments (1) $ 322, $ 207, $ - $ 529, TOTAL REVENUES $ 322, $ 207, $ - $ 529, EXPENDITURES Administrative Financial & Administrative Bank Fees 0 Debt Service Obligation $ 322, $ 207, $ - $ 529, Administrative Subtotal $ 322, $ 207, $ - $ 529, TOTAL EXPENDITURES $ 322, $ 207, $ - $ 529, EXCESS OF REVENUES OVER EXPENDITURES Collection and Discount % applicable to the county: 6.0% Gross assessments $ 563, Notes: Tax Roll Collection Costs for Osceola County is 6.0% of Tax Roll. Budgeted net of tax roll assessments. See Assessment Table. (1) Maximum Annual Debt Service less Prepaid Assessments received. 4 of 14

130 Concorde Estates Community Development District FISCAL YEAR 2014/2015 O&M & DEBT SERVICE ASSESSMENT SCHEDULE 2014/2015 O&M Budget $822, Osceola County 6% Collection Cost: 6% $52, /2015 Total: $875, /2014 O&M Budget $757, /2015 O&M Budget $822, Total Difference: $64, PER UNIT ANNUAL ASSESSMENT Proposed Increase / Decrease 2013/ /2015 $ % Debt Service - Townhouse (2011A-1) $ $ $ % Operations/Maintenance - Townhouse $ $1, $ % Total $1, $1, $ % Debt Service - Townhouse (2011A-2) $ $ $ % Operations/Maintenance - Townhouse $ $1, $ % Total $1, $1, $ % Debt Service - Single Family 65' (2011A-1) $1, $1, $ % Operations/Maintenance - Single Family 65' $1, $1, $ % Total $2, $2, $ % Debt Service - Single Family 65' (2011A-2) $ $ $ % Operations/Maintenance - Single Family 65' $1, $1, $ % Total $1, $2, $ % Debt Service - Single Family 75' (2011A-1) $1, $1, $ % Operations/Maintenance - Single Family 75' $1, $1, $ % Total $2, $2, $ % Debt Service - Single Family 75' (2011A-2) $ $ $ % Operations/Maintenance - Single Family 75' $1, $1, $ % Total $2, $2, $ % Debt Service - Single Family 90' (2011A-1) $1, $1, $ % Operations/Maintenance - Single Family 90' $1, $1, $ % Total $3, $3, $ % Debt Service - Single Family 90' (2011A-2) $ $ $ % Operations/Maintenance - Single Family 90' $1, $1, $ % Total $2, $2, $ % Debt Service - Single Family 100' (2011A-2) $1, $1, $ % Operations/Maintenance - Single Family 100' $1, $2, $ % Total $2, $3, $ % 5 of 14

131 CONCORDE ESTATES FISCAL YEAR 2014/2015 O&M & DEBT SERVICE ASSESSMENT SCHEDULE TOTAL O&M BUDGET $822, COLLECTION 6.0% $52, TOTAL O&M ASSESSMENT $875, UNITS ASSESSED TOTAL TOTAL SERIES 2011A-1 SERIES 2011A-2 ALLOCATION OF O&M ASSESSMENT SERIES 2011A-1 SERIES 2011A-2 PER LOT ANNUAL ASSESSMENT DEBT DEBT TOTAL % TOTAL TOTAL DEBT SERVICE DEBT SERVICE 2011A-1 DEBT 2011A-2 DEBT LU LOT SIZE O&M SERVICE (1) SERVICE (1) EAU FACTOR EAU's EAU's O&M BUDGET ASSESSMENT ASSESSMENT O&M 0 $0 SERVICE (2) $0 SERVICE (2) $0 TOTAL (3) TH Townhouse % $67, $41, $0.00 $1, $ $1, Single Family 65' % $139, $107, $0.00 $1, $1, $2, Single Family 75' % $124, $100, $0.00 $1, $1, $2, Single Family 90' % $117, $92, $0.00 $1, $1, $3, THA2 Townhouse % $99, $0.00 $51, $1, $ $1, A2 Single Family 65' % $144, $0.00 $74, $1, $ $2, A2 Single Family 75' % $82, $0.00 $42, $1, $ $2, A2 Single Family 90' % $56, $0.00 $29, $1, $ $2, A2 Single Family 100' % $42, $0.00 $22, $2, $1, $3, % $875, $342, $220, LESS: Osceola County Collection Costs and Early Payment Discount Costs ($52,505.11) ($20,561.09) ($13,227.90) Net Revenue to be Collected $822, $322, $207, (1) Reflects the number of total lots with Series 2011A-1 and Series 2011A-2 debt outstanding. (2) Annual debt service assessment per lot adopted in connection with the Series 2011A-1 and Series 2011A-2 bond issues. Annual assessment includes principal, interest, Osceola County collection costs and early payment discount costs. (3) Annual assessment that will appear on November 2014 Osceola County property tax bill. Amount shown includes all applicable collection costs. Property owner is eligible for a discount of up to 4% if paid early. 6 of 14

132 CONCORDE ESTATES COMMUNITY DEVELOPMENT DISTRICT General Fund Budget Account Category Description Fiscal Year The General Fund Budget Account Category Descriptions are subject to change at any time depending on its application to the District. Please note, not all General Fund Budget Account Category Descriptions are applicable to the District indicated above. Uses of the descriptions contained herein are intended for general reference. REVENUES: Operations & Maintenance Assessments The District levies Non-Ad Valorem Assessments on all of the assessable property within the District to pay for operating expenditures incurred during the Fiscal Year. The assessments may be collected in two ways. The first is by placing them on the County s Tax Roll, to be collected with the County s Annual Property Tax Billing. This method is only available to land properly platted within the time limits prescribed by the County. The second is for lands not on the tax roll and that is by way of a direct bill from the District to the appropriate property owner. Funding Agreement The District may enter into funding agreements to provide for a source of revenue for certain expenditures. Developer Contribution The District may, similar to a funding agreement, receive certain prescribed dollars from the Developer to off-set expenditures of the District. Facility Rental The District may receive monies for the rental of certain facilities by outside sources, for such items as office space, snack bar/restaurants etc. Event Rental The District may receive monies for event rentals for such things as weddings, birthday parties, etc. Interlocal Agreement The District may enter into interlocal agreements with other governmental entities to provide for revenue for certain expenditures. Miscellaneous The District may receive monies for the sale or provision of electronic access cards, entry decals etc. EXPENDITURES: ADMINISTRATIVE Legislative Supervisor Fees The District may compensate its supervisors within the appropriate statutory limits of $ maximum per meeting within an annual cap of $4, per supervisor. 1 7 of 14

133 Financial and Administrative Administrative Services The District will incur expenditures for the day to today operation of District matters. These items include but are not limited to mailing and preparation of agenda packages, overnight deliveries, facsimiles and long distance phone calls. Also, each Board Supervisor and the District Staff are entitled to reimbursement for travel expenses per Florida Statutes (8). Finally, this line item also includes a cost for the storage of all the District s official records, supplies and files. District Manager The District as required by statute, will contract with a firm to provide for management and administration of the District s day to day administrative needs. The cost to maintain the minutes of all Board meetings, preparing various resolutions and all other secretarial duties requested by the District throughout the year is also reflected in this amount. Disclosure Report The District is required to file quarterly and annual disclosure reports, as required in the District s Trust Indenture, with the specified repositories. This is contracted out to a third party in compliance with the Trust Indenture. Trustee s Fees The District will incur annual trustee s fees upon the issuance of bonds for the oversight of the various accounts relating to the bond issues. Financial Consulting Services The District will contract with a firm to maintain the assessment roll and annually levy a Non-Ad Valorem assessment for operating and debt service expenses. Also, additional financial consulting services include, but are not limited to responding to bondholder questions, prepayment analysis, long term pay-offs and true-up analysis. This line item also includes the fees incurred for a Collection Agent to collect the funds for the principal and interest payment for its shortterm bond issues and any other bond related collection needs. These funds are collected as prescribed in the Trust Indenture. The Collection Agent also provides for the release of liens on property after the full collection of bond debt levied on particular properties. Finally, the District may contract for the investment of various funds prior to the need to expend, to maximize the potential earnings on those funds. Accounting Services The District has contracted for maintenance of accounting records. These services include, but are not limited to accounts payable, accounts receivable and preparation of financial reports for the district. Auditing Services The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting firm, once it reaches certain revenue and expenditure levels, or has issued bonds and incurred debt. Arbitrage Rebate Calculation The District is required to calculate the interest earned from bond proceeds each year pursuant to the Internal Revenue Code of The Rebate Analyst is required to verify that the District has not received earnings higher than the yield of the bonds. District Engineer The District s engineer provides general engineering services to the District. Among these services are attendance at and preparation for monthly board meetings, review of construction invoices and all other engineering services requested by the district throughout the year. Public Officials Liability Insurance The District will incur expenditures for public officials liability insurance for the Board and Staff. 2 8 of 14

134 Legal Advertising The District will incur expenditures related to legal advertising. The items for which the District will advertise include, but are not limited to meeting schedules, special meeting notices, and public hearings, bidding etc. for the District based on statutory guidelines Bank Fees The District will incur bank service charges during the year. Dues, Licenses & Subscriptions The District is required to pay an annual fee to the Department of Community Affairs, along with other items which may require licenses or permits, etc. Miscellaneous The District could incur miscellaneous throughout the year, which may not fit into any standard categories. Website Development and Maintenance The District may incur fees as they relate to the development and ongoing maintenance of its own website. Legal Counsel District Counsel The District s legal counsel provides general legal services to the District. Among these services are attendance at and preparation for monthly board meetings, review of operating and maintenance contracts and all other legal services requested by the district throughout the year. FIELD OPERATIONS Electric Utilities Electric Utility Services The District will incur electric utility expenditures for general purposes such as irrigation timers, lift station pumps, fountains, etc. Electric Service-Recreation Facility The District may budget separately for its recreation and or amenity electric separately. Street Lights The District may have expenditures relating to street lights throughout the community. These may be restricted to main arterial roads or in some cases to all street lights within the District s boundaries. Gas Utility Service Gas-Recreation Facility The District may incur gas utility expenditures related to district operations at its facilities such as pool heat etc. Garbage/Solid Waste Control Garbage Collection-Recreation Facility The District will incur expenditures related to the removal of garbage and solid waste. 3 9 of 14