COMMUNITY DEVELOPMENT DISTRICT OCTOBER 9, 2017 AGENDA PACKAGE

Transcription

1 CEDAR HAMMOCK COMMUNITY DEVELOPMENT DISTRICT OCTOBER 9, 2017 AGENDA PACKAGE

2 October 2, 2017 Cedar Hammock Community Development District Severn Trent Management Services 210 N. University Drive Suite 702 Coral Springs, Florida Telephone: (954) Fax: (954) Board of Supervisors Cedar Hammock Community Development District Dear Board Members: The regular meeting of the Board of Supervisors of the Cedar Hammock Community Development District will be held Monday, October 9, 2017 at 3:00 p.m. at the Cedar Hammock Clubhouse, 8660 Cedar Hammock Boulevard, Naples, Florida. Following is the advance agenda for this meeting. 1. Roll Call 2. Approval of Agenda 3. Audience Comments 4. Old Business A. Re-billing of Paving Project B. Reserve Study C. Bulkhead Wall Design Discussion 5. New Business A. Bridging Solutions Proposal for Bridge Inspection - #18 Bridge Collapse B. Insurance Coverage Review i. Rear Gate Damage Review ii. Camera System Discussion iii. Hurricane Irma Damage 6. Manager s Report A. Approval of the Minutes of the May 15, 2017 Workshop and Regular Meeting B. Financial Report for August, 2017 C. Follow Up Items 7. Attorney s Report 8. Engineer s Report 9. Communication to Master Board 10. Supervisors Request 11. Adjournment 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, Justin Faircloth Severn Trent Services /mls Manager cc: Dan Cox Brett Sealy Sam Marshall

3 Fourth Order of Business

4 4B

5 Funding Reserve Analysis for Cedar Hammock CDD August 18, 2017 Florida Reserve Study and Appraisal, Inc N. Florida Avenue Tampa, FL Phone: Fax: Friday, August 18, 2017 Page 1 of 37 Pages

6 Funding Reserve Analysis for Cedar Hammock CDD Table of Contents Pages 1 Subject Report Cover Sheet 2 Table of Contents 3 to to 19 Reserve Study Summary Reserve Item Summary 20 to 24 Reserve Item Listing 25 to 26 Present Cost Report 27 Cash Flow 28 Assessment Summary 29 to 32 Expense Report 33 to 37 Expense Summary Friday, August 18, 2017 Page 2 of 37 Pages

7 Florida Reserve Study and Appraisal, Inc N. Florida Avenue Tampa, FL Phone: Fax: August 18, 2017 Cedar Hammock CDD 8660 Cedar Hammock Blvd Naples, FL Board of Directors, We are pleased to present to Cedar Hammock CDD the requested Reserve Funding study. We believe that you will find the attached study to be thorough and complete. After you have had an opportunity to review the report you may have questions. Please do not hesitate to write or call, we would be pleased to answer any questions you may have. Project Description Cedar Hammock Community Development District ("Cedar Hammock CDD or "District") is an independent taxing district created and existing under Chapter 190 of the Florida Statutes. Cedar Hammock CDD commenced operations in November Cedar Hammock is comprised of 799 units which consist of single family homes and multi family homes. The community started construction in 2000 and home construction was completed in The CDD consists of acres and is located in Naples, Collier County, Florida. Date of Physical Inspection The subject property was physically inspected on April 5 and April 26, 2017 by Paul Gallizzi and Steven Swartz. Study Start and Study End This Reserve Study encompasses the fiscal year plus 30 years. The Study Start Date is October 1, 2017 and the study ends on September 30, Governing Documents A review was made of aerials and subdivision plats for the subject property. Depth of Study Full Service Reserve Study with Field Inspection A field inspection was made to verify the existing condition of the various reserve study components, their physical condition, and to verify component quantities. In place testing, laboratory testing, and non-destructive testing of the reserve study components were not performed. Field measurements of component quantities were made to either verify improvement plan take offs or determine directly the quantities of various components. Photographs were taken of the site Friday, August 18, 2017 Page 3 of 37 Pages

8 Prepared by Florida Reserve Study and Appraisal Cedar Hammock CDD Funding Study Summary - Continued improvements. Summary of Financial Assumptions The below table contains a partial summary of information provided by Cedar Hammock CDD for the Cedar Hammock CDD funding study. For the purpose of this report, an annual operating budget was set to $0, as this report focuses only on reserve items. Fiscal Calendar Year Begins October 1 Reserve Study by Fiscal Calendar Year Starting October 1, 2017 Funding Study Length 30 Years Number of Assessment Paying Owners 799 Reserve Balance as of October 1, 2018¹ $ 637,286 Annual Inflation Rate 2.50% Tax Rate on Reserve Interest 0.00% Minimum Reserve Account Balance $ 0 Assessment Change Period 1 Year Annual Operating Budget $ 0 ¹ See ''Financial Condition of District'' in this report. Recommended Payment Schedule The below table contains the recommended schedule of payments for the next six years. The projected life expectancy of the major components and the funding needs of the reserves of the District are based upon the District performing appropriate routine and preventative maintenance for each major component. Failure to perform such maintenance can negatively impact the remaining useful life of the major components and can dramatically increase the funding needs of the reserves of the District. Proposed Assessments Fiscal Calendar Year Owner Total Annual Assessment District Annual Reserve Assessment Proposed Reserve Balance 2018 $ 391 $ 312,300 $ 285, $ 401 $ 320,108 $ 66, $ 411 $ 328,110 $ 50, $ 421 $ 336,313 $ 118, $ 431 $ 344,721 $ $ 442 $ 353,339 $ 139,058 * Annual Reserve Payments have been manually modified. Payments have been modified to smooth payments over time. Fiscal Year beginning October 1, 2018 Friday, August 18, 2017 Page 4 of 37 Pages

9 Prepared by Florida Reserve Study and Appraisal Cedar Hammock CDD Funding Study Summary - Continued Reserve Study Assumptions Cost estimates and financial information are accurate and current. No unforeseen circumstances will cause a significant reduction of reserves. Sufficient comprehensive property insurance exists to protect from insurable risks. The District plans to continue to maintain the existing common areas and amenities. Reserve payments occur at the end of every calendar month. Expenses occur throughout the year, as services are provided. Impact of Component Life The projected life expectancy of the major components and the reserve funding needs of the District are closely tied. Performing the appropriate routine maintenance for each major component generally increases the component useful life, effectively moving the component expense into the future which reduces the reserve funding payments of the District. Failure to perform such maintenance can shorten the remaining useful life of the major components, bringing the replacement expense closer to the present which increases the reserve funding payments of the District. Also, some reserves items may have the phrase allowance after it. These reserve items are something that would not be fully replaced at one time, but a small portion may have to be replaced periodically. Inflation Estimate Inflation has been estimated at 2.50 percent over the course of the study. Initial Reserves As of March 31, 2017, there was $831,506 set aside for reserves. This number does not include operating reserves. The projected reserve balance on October 1, 2017 will be $637,286, which deducts the cost for the roadway project. These numbers were obtained from the District on the official March 2017 balance sheet and the annual budget. October 1, 2017 starts the next fiscal year. September 30, 2018 marks the end of the fiscal year. Financial Condition of District The pooled method with inflation reserve projections estimate $ per owner per year in fiscal year and $312,300 in total funding. At the current time, the District is considered to be 24 percent funded. This represents a poorly-funded status. The higher the percent funded, the more likely a District is to avoid a special assessment. The following are general measures to the health of a District based on the percent funding model: 0-30% funded: poorly funded 30-70% funded: fairly funded % funded: well funded 100+% funded: very well funded Friday, August 18, 2017 Page 5 of 37 Pages

10 Prepared by Florida Reserve Study and Appraisal Cedar Hammock CDD Funding Study Summary - Continued Special Assessments No reserve items will require special assessments if the funding schedule is followed. However, funding less than the suggested amounts will likely result in special assessments or for the replacement of an item to be delayed. Reserve Funding Goal The reserve fund is set to be as close to Fully Funded as possible on an annual basis. Study Method Funding studies may be done in several ways, but we believe that the value of a funding study lies in the details. "Bulk" studies are quick, usually inexpensive, and almost always border on worthless. We believe that meaningful answers to funding studies lie in the details. This approach is pragmatic, and allows human judgment and experience to enter into the equation. Unless noted otherwise, the present cost of every reserve item in this report has been estimated using the "National Construction Estimator", a nationally recognized standard, and modified by an area cost adjustment factor. Where possible, known costs have been used. In addition, every reserve item has been given an estimated remaining useful life, an estimated useful life when new, and has been cast into the future to determine the inflated cost. Equal annual payments are calculated for each reserve item based upon a payment starting year and a payment ending year using the end of period payment method. Interest earned on accumulated reserve funds and taxes on the reserve interest are also calculated. Initial reserve funds are consumed as expenses occur until fully depleted, reducing annual reserve payments to a minimum. As you review this report, we are certain that you will appreciate the level of detail provided, allowing you to review each reserve item in detail. Summary of Findings We have estimated future projected expenses for Cedar Hammock CDD based upon preservation of existing improvements. The attached funding study is limited in scope to those expense items listed in the attached "Cedar Hammock CDD Reserve Study Expense Items". Expense items which have an expected life of more than 30 Years are not included in this reserve study unless payment for these long lived items overlaps the 30 Years reserve study envelope. Of primary concern is the preservation of a positive funding balance with funds sufficient to meet projected expenses throughout the study life. Based upon the attached funding study, it is our professional opinion that owner monthly fees as shown in the attached "Cedar Hammock CDD Assessment Summary" will realize this goal. Some reserve items in the "Revenue Summary Table" may not contain payments. In this analysis the initial reserves were used to make annual payments for expense items in their order of occurrence until the initial reserve was consumed. As a result reserve items without payments may be expected, particularly in the first few years of the funding study. Reserve items that have been paid with initial reserve funds are identified with a [FP] in the Expense Items Sheets. An item marked [PR] is partially paid with initial reserve funds. Cedar Hammock CDD represents and warrants that the information provided to us, including but not limited to that information contained in the attached Reserve Study Information Summary, that the maintenance Friday, August 18, 2017 Page 6 of 37 Pages

11 Prepared by Florida Reserve Study and Appraisal Cedar Hammock CDD Funding Study Summary - Continued records are complete and accurate, and that we may rely upon such information and documents without further verification or corroboration. Where the age of a particular Reserve Item (as listed in the Reserve Study) is unknown, Cedar Hammock CDD shall provide to us Cedar Hammock CDD's best-estimated age of that item. If Cedar Hammock CDD is unable to provide and estimate of a Reserve Item's age, we shall make our own estimate of age of the Reserve Item. The Reserve Study is created for the District's use, and is a reflection of information provided to us. This information is not for the purpose of performing an audit, historical records, quality or forensic analyses. Any on site inspection is not considered to be a project audit or quality inspection. The actual or projected total presented in the reserve study is based upon information provided and was not audited. Percent Funded Many reserve studies use the concept of "Percent Funded" to measure the reserve account balance against a theoretically perfect value. Percent Funded is often used as a measure of the "Financial Health" of a District. The assumption is, the higher the percentage, the greater the "Financial Health". We believe the basic premise of ''Fully Funded'' is sound, but we also believe that the validity of the Fully Funded value must be used with caution. To answer the question, some understanding of Percent Funded is required. Fully Funded is the sum of the depreciation of all the components by year. To get the Percent Funded, divide the year end reserve balance by the Fully Funded value and multiply by 100 to get a percentage. The concept of Fully Funded is useful when the reserve study is comprehensive, but misleading when the reserve study is superficial or constrained. As a result, we recommend that the statement "Percent Funded" be used with caution. Keeping Your Reserve Study Current We believe that funding studies are an essential part of property management. People and property are constantly changing and evolving. As a result, the useful life of a funding study is at best a few years, and certainly not more than five years. This reserve study should be updated: At least once every few years At changes in the number of assessment paying owners Before starting new improvements Before making changes to the property After a flood or fire After the change of ownership or management After Annexation or Incorporation Items Beyond the Scope of this Report Building or land appraisals for any purpose. State or local zoning ordinance violations. Building code violations. Soils conditions, soils contamination or geological stability of site. Engineering analysis or structural stability of site. Air quality, asbestos, electromagnetic radiation, formaldehyde, lead, mercury, radon, water quality or other Friday, August 18, 2017 Page 7 of 37 Pages

12 environmental hazards. Prepared by Florida Reserve Study and Appraisal Cedar Hammock CDD Funding Study Summary - Continued Invasions by pests, termites and any or all other destroying organisms, insects, birds, bats or animals to buildings or site. This study is not a pest inspection. Adequacy or efficiency of any system or component on site. Specifically excluded reserve items. Septic systems and septic tanks. Buried or concealed portions of swimming pools, pool liners, Jacuzzis and spas or similar items. Items concealed by signs, carpets or other things are also excluded from this study. Missing or omitted information supplied by the Cedar Hammock CDD for the purposes of reserve study preparation. Hidden improvements such as sewer lines, water lines, irrigation lines or other buried or concealed items. Stormwater Drainage Notes Cedar Hammock CDD has a large land area of acres comprised of 799 units. The drainage for the community is comprised of inlets, drainage pipes, and retention ponds. The ponds have been constructed to engineering standards that include proper slopes and shore line stabilization which includes erosion protection and approved backfill materials such as soils with a high clay content covered within 2 inches of sand. The entire residential area including all roads and open areas have a complete drainage system. Overall, there are 85 curb inlets, 45 grate inlets, 8 manholes, 5 control structures, 50 flared end sections, and 3 mitered end sections. Additionally, there is 12,567 feet of reinforced concrete piping ranging in size from an 15 inch diameter to a 42 inch diameter. Cedar Hammock Storm Water Pipes Concrete: Diameter Length Cost/LF Amount 15" 1722' $ 82,656 18" 4132' $247,920 24" 3750' $315,000 30" 1560' $168,480 36" 759' $100,188 42" 630' $ 98,280 Other Drainage: Curb Inlets 85@3500 = $297,500 Grate Inlets 45@3000 = $135,000 Manholes 8@2650 = $ 21,200 Mitered End Sections 3@1800 = $ 5,400 Flared End Sections 50@1800 = $ 90,000 Friday, August 18, 2017 Page 8 of 37 Pages

13 Prepared by Florida Reserve Study and Appraisal Cedar Hammock CDD Funding Study Summary - Continued Grand Total $1,561,624 In general, the drainage system including drainage structures and drainage pipes have a long lifespan. These improvements, however, may encounter problems from natural causes such as settlement or tree roots and man made causes such as excavations or poor original design or poor construction. It has therefore been deemed necessary to set up a reserve for repair and replacement of the District-owned drainage improvements. For the purpose of this reserve study, it is our opinion that 2.5 percent of the original system cost should be set aside for reserves over a 5 year period, which would result in a reserve over that time of $39,000. These reserves can also be used for deferred maintenance of the storm drainage system, as some minor problems may occur at various times. The amounts shown in this reserve study should be analyzed and adjusted in future reserve studies based upon actual District expenditures for such items. Bulkhead Notes Cedar Hammock has used bulkheads to stabilize their pond banks and golf course islands in some areas. The bulkheads are wooden timbers, as low as 4 feet in height and up to 10 feet in height. The District has planned for replacement of the bulkheads in the upcoming years. The bulkheads have an expected lifespan of 25 years when new. Proper maintenance of the bulkheads is essential in achieving its expected life. Proper maintenance includes routine power washing and applying a wood sealant on the bulkheads. Golf Course Bridge Notes There are 8 golf cart bridge which cross a lake or wetlands area through the community. The bridges are approximately 18 years old and appear to be in average condition. Overall, there are 13,870 SF of golf cart bridges. The deck boards on the bridges have been preserved by running some pieces of wood along the length of the bridge to act as a guide path. This has cut down the wear on the deck boards and extended their lifespan. We have estimated the replacement cost of the bridges to be $60 per square foot, which would result in a total cost of $832,200. The bridges should have a remaining life of approximately years. Paving Notes Asphalt paved roads have a varying expected life from approximately 15 years to 30 years. It is typical to assume an expected life of 20 years in the District. As roads age, this physical condition can be evaluated and the expected remaining life of the roads can be re-evaluated. Small road repairs can be handled from the operating budget. Cedar Hammock CDD has roads in various conditions. The District has taken a segmented approach to replacing roads. Wax Myrtle Run and Cordgrass Way were resurfaced a few years ago. Cedar Hammock Circle and part of Sawgrass Way will be resurfaced in the next month and the work will be complete before the next fiscal year. We project the remaining roads will be resurfaced in the following schedule: Sawgrass Way and Buttonwood Circle in , Cedar Hammock Ct in , and Cedar Hammock Blvd in Friday, August 18, 2017 Page 9 of 37 Pages

14 Prepared by Florida Reserve Study and Appraisal Cedar Hammock CDD Funding Study Summary - Continued Pond Banks Notes Drainage ponds require routine and non-routine maintenance. Routine maintenance includes mowing debris removal and catch basin cleaning. Mowing on a regular basis enhances the aesthetics of the area as well as helping to prevent erosion. Proper mowing of the banks helps the ground cover maintain a healthy root system, which minimizes erosion. Trash, debris, and litter removal reduces obstructions to inlets and outlets allow the storm water system to function as designed. Cleaning catch basins is also considered routine maintenance. For the purpose of this reserve study, the cost of routine maintenance is not a reserve item. Non-routine maintenance is a reserve item. Non-routine maintenance includes bank erosion and stabilization, sediment removal, and structural repairs and replacement. From time to time, some of these ponds may encounter erosion of their banks and require repairs. All ponds react differently due to original construction, slope of the bank, soil or environmental conditions, and other factors. In Cedar Hammock, there are 19 retention ponds for stormwater drainage. These ponds are estimated to have 44,133 linear feet of shoreline area and 73.6 acres of total area. During the site inspection, we observed most shorelines in good condition and a few spots of minor erosion. It is not likely that all of the shoreline area will erode and need to be replaced. We have estimated that approximately 5 percent of the shoreline will erode and need refurbishment over a 5 year period. An erosion control reserve for repair of ponds is necessary for the proper upkeep in the District. This number can be adjusted in future reserve planning if necessary. Sidewalk Notes Most of the sidewalk has an indefinite life. However, certain small sections may need maintenance or to be replaced due to problems such as tree roots uprooting the sidewalk. It is our estimate that 5 percent of the cost new of the sidewalk be set aside over a 5-year period to reserve for these repairs. There is approximately 136,100 SF of sidewalk on the District grounds. The estimated replacement cost new is approximately $680,500, which would result in a sidewalk repair reserve of $34,000 over a 5-year period. Statement of Qualifications Paul Gallizzi and Steven Swartz are professionals in the business of preparing reserve studies and insurance appraisals for community associations. We have provided detailed analysis of over 300,000 apartment, villa, townhome, and condominium units. We have prepared insurance appraisals and reserve studies for all types of community associations including high rise condominiums, mid-rise condominiums, garden-style condominiums, townhouse developments, single family homeowners associations, etc. We both hold engineering degrees from fully accredited universities. Paul Gallizzi is a State Certified General Real Estate Appraiser License Number RZ 110 and a State Certified General Contractor License Number CGC Steven Swartz is a designated Reserve Specialist, RS No.214, from the Community Associations Institute as well as a State Certified General Real Estate Appraiser License Number RZ Conflict of Interest As the preparers of this reserve study, we certify that we do not have any vested interests, financial interests, or other interests that would cause a conflict of interest in the preparation of this reserve study. Friday, August 18, 2017 Page 10 of 37

15 Prepared by Florida Reserve Study and Appraisal Cedar Hammock CDD Funding Study Summary - Continued We would like to thank Cedar Hammock CDD for the opportunity to be of service in the preparation of the attached Funding Study. Again, please feel free to write or call at our letterhead address, if you have any questions. Prepared by: Paul Gallizzi Steven M. Swartz, RS Enclosures: 6 Pages of Photographs Attached Friday, August 18, 2017 Page 11 of 37

16 Prepared by Florida Reserve Study and Appraisal Cedar Hammock CDD Funding Study Summary - Continued Pier Pier Cart Bridge Hole 4 Cart Bridge Hole 4 Cart Bridge Hole 5 Cart Bridge Hole 10 Friday, August 18, 2017 Page 12 of 37

17 Prepared by Florida Reserve Study and Appraisal Cedar Hammock CDD Funding Study Summary - Continued Cart Bridge Hole 18 Irrigation Pumphouse Irrigation Pumps Irrigation Well Main Entrance Main Entrance Barrier Arm Friday, August 18, 2017 Page 13 of 37

18 Prepared by Florida Reserve Study and Appraisal Cedar Hammock CDD Funding Study Summary - Continued Main Entrance Beam Scanner Guardhouse HVAC Pond Fountain Typical Pond Bulkhead Hole 16 Bulkhead Hole 17 Friday, August 18, 2017 Page 14 of 37

19 Prepared by Florida Reserve Study and Appraisal Cedar Hammock CDD Funding Study Summary - Continued Bulkhead Hole 4 Bulkhead Hole 5 Rear Entrance Rear Entrance Rear Entrance Beam Scanner Rear Entrance Entry Monument Friday, August 18, 2017 Page 15 of 37

20 Prepared by Florida Reserve Study and Appraisal Cedar Hammock CDD Funding Study Summary - Continued Rear Entrance Aluminum Fencing Stormwater Drainage Mitered End Section Stormwater Drainage Curb Inlet Paving, Cedar Hammock Circle Paving, Sawgrass Way Paving, Wax Myrtle Run Friday, August 18, 2017 Page 16 of 37

21 Prepared by Florida Reserve Study and Appraisal Cedar Hammock CDD Funding Study Summary - Continued Paving, Cordgrass Way Paving, Buttonwood Way Paving, Cedar Hammock Ct Paving, Cedar Hammock Blvd Sidewalks Friday, August 18, 2017 Page 17 of 37

22 Reserve Items Pier Deck Boards and Railings Prepared by Florida Reserve Study and Appraisal Cedar Hammock CDD Reserve Study Expense Item Summary Current Cost When New Estimated Remaining Life Grounds Expected Life When New First Replacement Cost Repeating Item? $ 23, Years 15 Years $ 33,425 Yes Pier Frame and Pilings $ 9, Years 30 Years $ 13,831 Yes Pier Repair Allowance $ 1,625 6 Years 8 Years $ 1,935 Yes Cart Bridges Deck Boards $ 485, Years 30 Years $ 655,084 Yes Cart Bridges Frame and Pilings Cart Bridges Repair Allowance $ 346, Years 30 Years $ 467,917 Yes $ 41,610 3 Years 5 Years $ 45,981 Yes Irrigation and Pumps Irrigation System Modernization and Repairs $ 40,000 8 Years 25 Years $ 50,081 Yes (1) Well Pumps Phase 1 $ 12,000 2 Years 8 Years $ 12,934 Yes (2) Well Pumps Phase 2 $ 12,000 7 Years 8 Years $ 14,654 Yes Pumphouse Tile Roof $ 9, Years 30 Years $ 13,386 Yes Pumphouse Metal Roof $ 1, Years 30 Years $ 1,842 Yes Main Entrance Barrier Arms and Operators $ 12,000 2 Years 15 Years $ 12,934 Yes Entry Monuments Refurbishment Guardhouse Security Camera System $ 12, Years 20 Years $ 17,894 Yes $ 6,000 2 Years 10 Years $ 6,467 Yes Guardhouse Tile Roof $ 20, Years 30 Years $ 27,302 Yes BAI Beam Scanner $ 7, Years 15 Years $ 9,213 Yes Guardhouse Exterior Paint $ 2,720 6 Years 8 Years $ 3,240 Yes Guardhouse Interior Paint $ 1,330 6 Years 8 Years $ 1,584 Yes Guardhouse HVAC 2.0 Tons $ 3,000 0 Years 12 Years $ 3,076 Yes Ponds Pond Banks Erosion Control Bulkhead Replacement Hole 5 Bulkhead Replacement Hole 4 Bulkhead Replacement Hole 16 Bulkhead Replacement Hole 17 $ 110,300 4 Years 5 Years $ 124,970 Yes $ 644,080 0 Years 25 Years $ 660,368 Yes $ 517,090 1 Years 25 Year $ 543,573 Yes $ 185,256 2 Years 10 Years $ 199,669 Yes $ 156,870 3 Years 15 Years $ 173,350 Yes Friday, August 18, 2017 Page 18 of 37

23 Prepared by Florida Reserve Study and Appraisal Cedar Hammock CDD Funding Study Expense Item Summary - Continued Reserve Items Bulkhead Replacement Holes 2,8,13,Putting Green, Driving Range Current Cost When New Estimated Remaining Life Expected Life When New First Replacement Cost Repeating Item? $ 179,114 5 Years 25 Years $ 208,068 Yes Rear Entrance Barrier Arms and Operators $ 4,000 2 Years 15 Years $ 4,311 Yes Gate Operators Original $ 8,000 0 Years 15 Years $ 8,202 Yes Gate Operators Replaced $ 8, Years 15 Years $ 11,348 Yes Gates $ 14,000 6 Years 25 Years $ 16,674 Yes BAI Beam Scanner $ 7,000 5 Years 15 Years $ 8,132 Yes Entry Monument Refurbishment $ 4,000 8 Years 20 Years $ 5,008 Yes Aluminum Fence 4' $ 13,860 6 Years 25 Years $ 16,508 Yes Stormwater Drainage Stormwater Drainage Repair Allowance $ 39,000 4 Years 5 Years $ 44,187 Yes Streets and Sidewalks Paving 1.5 Inch Mill and Overlay CH Cir and Sawgrass West Paving 1.5 Inch Mill and Overlay Wax Myrtle and Cordgrass Paving 1.5 Inch Mill and Overlay Sawgrass East and Buttonwood Paving 1.5 Inch Mill and Overlay CH Ct Paving 1.5 Inch Mill and Overlay CH Blvd Pavers on Cedar Hammock Blvd $ 206, Years 20 Years $ 349,156 Yes $ 91, Years 20 Years $ 143,204 Yes $ 102,377 2 Years 20 Years $ 110,342 Yes $ 45,792 3 Years 20 Years $ 50,603 Yes $ 227,880 4 Years 20 Years $ 258,188 Yes $ 73, Years 30 Years $ 99,184 Yes Sidewalk Repair Allowance $ 34,000 4 Years 5 Years $ 38,522 Yes Expected annual inflation: 2.50% Interest earned on reserve funds: 1.00% Initial Reserve: $ 637,286 Reserve Item Comments (1) Wells 1 and 2 (2) Wells 4 and 6 Friday, August 18, 2017 Page 19 of 37

24 Reserve Items Unit Cost No Units Prepared by Florida Reserve Study and Appraisal Cedar Hammock CDD Reserve Study Expense Item Listing Current Cost When New Grounds Estimated Remaining Life Expected Life When New Fiscal Calendar Year Estimated Future Cost Pier Deck 13 Years 2031 $ 33,425 Boards and Railings Pier Frame and Pilings Pier Repair Allowance Cart Bridges Deck Boards $ / sf 325 sf $ 23,563 $ / sf 325 sf $ 9,750 $ 5.00 / sf 325 sf $ 1,625 $ / sf sf $ 485, Years 13 Years 30 Years 15 Years Years $ 48,614 $ 70,705 $ 13,831 $ 29,257 6 Years 2024 $ 1,935 8 Years 11 Years 30 Years 8 Years 30 Years $ 2,363 $ 2, $ 3, $ 655,084 $ 1,385,732 Cart Bridges 11 Years 2029 $ 467,917 Frame and $ / sf sf $ 346, Years Pilings 30 Years 2059 $ 989,809 3 Years 2021 $ 45, $ 52,097 Cart Bridges 2031 $ 59,026 Repair Allowance $ 3.00 / sf sf $ 41,610 5 Years 5 Years $ 66,876 $ 75, $ 85, $ 97,267 Irrigation and Pumps Irrigation 8 Years 2026 $ 50,081 System $ 40,000 / total 1 total $ 40, Years Modernization 25 Years 2051 $ 93,503 and Repairs 2 Years 2020 $ 12, $ 15,794 Well Pumps $ 6,000 ea 2 $ 12,000 8 Years 2036 $ 19,287 Phase 1 8 Years 2044 $ 23, $ 28,760 Well Pumps $ 6,000 ea 2 $ 12,000 7 Years 8 Years 2025 $ 14,654 Friday, August 18, 2017 Page 20 of 37 Pages

25 Prepared by Florida Reserve Study and Appraisal Cedar Hammock CDD Reserve Study Expense Item Listing - Continued Reserve Items Unit Cost No Units Expected Current Estimated Life Cost When Remaining When New Life New Well Pumps Phase 2 $ 6,000 ea 2 $ 12,000 8 Years 8 Years Pumphouse 11 Years $ / sf 992 sf $ 9,920 Tile Roof 30 Years 30 Years Pumphouse 11 Years $ 7.00 / sf 195 sf $ 1,365 Metal Roof 30 Years 30 Years Fiscal Estimated Calendar Future Cost Year 2033 $ 17, $ 21, $ 26, $ 13, $ 28, $ 1, $ 3,896 Barrier Arms and Operators Main Entrance 2 Years 2020 $ 12,934 $ 4,000 ea 3 $ 12, Years 2035 $ 18, Years 2050 $ 27,359 Entry 15 Years 2033 $ 17,894 Monuments $ 6,000 ea 2 $ 12, Years Refurbishment 20 Years 2053 $ 29,488 Guardhouse Security Camera System Guardhouse Tile Roof BAI Beam Scanner Guardhouse Exterior Paint Guardhouse Interior Paint $ 6,000 ea 1 $ 6,000 $ / sf 1686 sf $ 20,232 $ 7,000 ea 1 $ 7,000 $ 1.00 / sf 2720 sf $ 2,720 $ 1.00 / sf 1330 sf $ 1,330 2 Years 2020 $ 6, Years 11 Years 30 Years 10 Years 30 Years $ 8,301 $ 10, $ 13, $ 27,302 $ 57, Years 2028 $ 9, Years 15 Years $ 13,400 $ 19,489 6 Years 2024 $ 3,240 8 Years 8 Years $ 3,956 $ 4, $ 5,899 6 Years 2024 $ 1,584 8 Years 8 Years $ 1,934 $ 2, $ 2,885 Friday, August 18, 2017 Page 21 of 37 Pages

26 Prepared by Florida Reserve Study and Appraisal Cedar Hammock CDD Reserve Study Expense Item Listing - Continued Reserve Items Unit Cost No Units Current Cost When New Guardhouse HVAC 2.0 $ 3,000 ea 1 $ 3,000 Tons Expected Estimated Fiscal Life Estimated Remaining Calendar When Future Cost Life Year New 0 Years 2018 $ 3, $ 4, Years 12 Years 2042 $ 5, $ 7,558 Ponds 4 Years 2022 $ 124, $ 141,591 Pond Banks 2032 $ 160,423 $ 110,300 / total 1 total $ 110,300 5 Years Erosion Control 5 Years 2037 $ 181, $ 205, $ 233,323 Bulkhead 0 Years 2018 $ 660,368 Replacement $ / sf 7760 sf $ 644, Years 2043 $ 1,232, Years Hole $ 2,301,915 Bulkhead 1 Year 2019 $ 543,573 Replacement $ / sf 6230 sf $ 517, Years 2044 $ 1,014, Year Hole $ 1,894,793 2 Years 2020 $ 199,669 Bulkhead 2030 $ 256,313 Replacement $ / sf 2232 sf $ 185, Years 10 Years 2040 $ 329,027 Hole $ 422,369 Bulkhead 3 Years 2021 $ 173,350 Replacement $ / sf 1890 sf $ 156, Years 2036 $ 252, Years Hole $ 366,696 Bulkhead Replacement 5 Years 2023 $ 208,068 Holes 2,8,13,Putting $ / sf 2158 sf $ 179, Years Green, Driving Range 25 Years 2048 $ 388,470 Friday, August 18, 2017 Page 22 of 37 Pages

27 Prepared by Florida Reserve Study and Appraisal Cedar Hammock CDD Reserve Study Expense Item Listing - Continued Reserve Items Unit Cost No Units Current Cost When New Estimated Remaining Life Expected Life When New Fiscal Calendar Year Estimated Future Cost Rear Entrance Barrier Arms and Operators Gate Operators Original Gate Operators Replaced $ 4,000 ea 1 $ 4,000 $ 4,000 ea 2 $ 8,000 $ 4,000 ea 2 $ 8,000 2 Years 2020 $ 4, Years 2035 $ 6, Years 2050 $ 9,120 0 Years 2018 $ 8, Years 2033 $ 11, Years 2048 $ 17, Years 2031 $ 11, Years 2046 $ 16, Years 2061 $ 24,006 Gates $ 3,500 ea 4 $ 14,000 6 Years 25 Years 25 Years $ 16,674 $ 31,132 BAI Beam Scanner $ 7,000 ea 1 $ 7,000 5 Years 2023 $ 8, Years 2038 $ 11, Years 2053 $ 17,201 Entry 8 Years 2026 $ 5,008 Monument $ 4,000 ea 1 $ 4, Years 2046 $ 8, Years Refurbishment 2066 $ 13,599 Aluminum Fence 4' $ / lf 396 lf $ 13,860 6 Years 25 Years 25 Years $ 16,508 $ 30,820 Stormwater Drainage 4 Years 2022 $ 44,187 Stormwater Drainage Repair Allowance $ 39,000 / total 1 total $ 39,000 5 Years 5 Years 2027 $ 50, $ 56, $ 64, $ 72, $ 82,499 Streets and Sidewalks Paving 1.5 Inch Mill and $ 1.20 / sf sf $ 206, Years 20 Years 2038 $ 349,156 Friday, August 18, 2017 Page 23 of 37 Pages

28 Prepared by Florida Reserve Study and Appraisal Cedar Hammock CDD Reserve Study Expense Item Listing - Continued Reserve Items Unit Cost No Units Current Cost When New Estimated Remaining Life Expected Life When New Fiscal Calendar Year Estimated Future Cost Paving 1.5 Inch Mill and $ 1.20 / sf sf $ 206, Years 20 Years 2058 $ 575,362 Paving 1.5 Inch Mill and 17 Years 2035 $ 143,204 Overlay Wax $ 1.20 / sf sf $ 91, Years Myrtle and Cordgrass Paving 1.5 Inch Mill and Overlay Sawgrass East and Buttonwood $ 1.20 / sf sf $ 102, Years 2055 $ 235,981 2 Years 2020 $ 110, Years 20 Years $ 181,828 $ 299,628 Paving 1.5 Inch 3 Years 2021 $ 50,603 Mill and Overlay CH Ct $ 1.20 / sf sf $ 45, Years 20 Years $ 83,386 $ 137,409 Paving 1.5 Inch 4 Years 2022 $ 258,188 Mill and Overlay CH Blvd $ 1.20 / sf sf $ 227, Years 20 Years 2042 $ 425, $ 701,099 Pavers on 11 Years 2029 $ 99,184 Cedar $ 5.00 / sf sf $ 73, Years Hammock Blvd 30 Years 2059 $ 209,808 Sidewalk Repair Allowance $ 34,000 / total 1 total $ 34,000 4 Years 2022 $ 38,522 5 Years Expected annual inflation: 2.50% Interest earned on reserve funds: 1.00% Initial Reserve: $ 637,286 5 Years 2027 $ 43, $ 49,450 $ 56, $ 63, $ 71,922 Friday, August 18, 2017 Page 24 of 37 Pages

29 Present Costs Category Item Name No Units Unit Cost Present Cost Pier Deck Boards and Railings 325 sf $ / sf $ 23, Pier Frame and Pilings 325 sf $ / sf $ 9, Grounds Pier Repair Allowance 325 sf $ 5.00 / sf $ 1, Cart Bridges Deck Boards sf $ / sf $ 485, Cart Bridges Frame and Pilings sf $ / sf $ 346, Cart Bridges Repair Allowance sf $ 3.00 / sf $ 41, Grounds Sub Total = $ 908, Irrigation System Modernization and Repairs 1 total $ 40, / total $ 40, Irrigation and Pumps Well Pumps Phase 1 2 $ 6, ea $ 12, Well Pumps Phase 2 2 $ 6, ea $ 12, Pumphouse Tile Roof 992 sf $ / sf $ 9, Pumphouse Metal Roof 195 sf $ 7.00 / sf $ 1, Irrigation and Pumps Sub Total = $ 75, Barrier Arms and Operators 3 $ 4, ea $ 12, Entry Monuments Refurbishment 2 $ 6, ea $ 12, Guardhouse Security Camera System 1 $ 6, ea $ 6, Main Entrance Guardhouse Tile Roof 1686 sf $ / sf $ 20, BAI Beam Scanner 1 $ 7, ea $ 7, Guardhouse Exterior Paint 2720 sf $ 1.00 / sf $ 2, Guardhouse Interior Paint 1330 sf $ 1.00 / sf $ 1, Guardhouse HVAC 2.0 Tons 1 $ 3, ea $ 3, Main Entrance Sub Total = $ 64, Pond Banks Erosion Control 1 total $ 110, / total $ 110, Bulkhead Replacement Hole sf $ / sf $ 644, Bulkhead Replacement Hole sf $ / sf $ 517, Ponds Bulkhead Replacement Hole sf $ / sf $ 185, Bulkhead Replacement Hole sf $ / sf $ 156, Bulkhead Replacement Holes 2,8,13,Putting Green, Driving Range 2158 sf $ / sf $ 179, Ponds Sub Total = $ 1,792, Rear Entrance Barrier Arms and Operators 1 $ 4, ea $ 4, Gate Operators Original 2 $ 4, ea $ 8, Gate Operators Replaced 2 $ 4, ea $ 8, Friday, August 18, 2017 Page 25 of 37 Pages

30 Prepared by Florida Reserve Study and Appraisal Present Costs - Continued Category Item Name No Units Unit Cost Present Cost Rear Entrance Gates 4 $ 3, ea $ 14, BAI Beam Scanner 1 $ 7, ea $ 7, Entry Monument Refurbishment 1 $ 4, ea $ 4, Aluminum Fence 4' 396 lf $ / lf $ 13, Rear Entrance Sub Total = $ 58, Stormwater Drainage Stormwater Drainage Repair Allowance 1 total $ 39, / total $ 39, Paving 1.5 Inch Mill and Overlay CH Cir and Sawgrass West Paving 1.5 Inch Mill and Overlay Wax Myrtle and Cordgrass sf $ 1.20 / sf $ 206, sf $ 1.20 / sf $ 91, Streets and Sidewalks Paving 1.5 Inch Mill and Overlay Sawgrass East and Buttonwood Paving 1.5 Inch Mill and Overlay CH Ct Paving 1.5 Inch Mill and Overlay CH Blvd sf $ 1.20 / sf $ 102, sf $ 1.20 / sf $ 45, sf $ 1.20 / sf $ 227, Pavers on Cedar Hammock Blvd sf $ 5.00 / sf $ 73, Sidewalk Repair Allowance 1 total $ 34, / total $ 34, Streets and Sidewalks Sub Total = $ 781, Totals = $ 3,720, Friday, August 18, 2017 Page 26 of 37 Pages

31 Prepared by Florida Reserve Study and Appraisal Cedar Hammock CDD Funding Study Modified Cash Flow Analysis Fiscal Calendar Year Annual Assessment Annual Interest Annual Expenses Net Reserve Funds % Funded 2018 $ 312,300 $ 7,808 $ 671,646 $ 285, % 2019 $ 320,108 $ 4,329 $ 543,573 $ 66, % 2020 $ 328,110 $ 2,174 $ 346,656 $ 50, % 2021 $ 336,313 $ 2,048 $ 269,934 $ 118, % 2022 $ 344,721 $ 2,771 $ 465,867 $ % 2023 $ 353,339 $ 1,627 $ 216,200 $ 139, % 2024 $ 358,993 $ 3,041 $ 39,941 $ 461, % 2025 $ 364,737 $ 6,288 $ 14,654 $ 817, % 2026 $ 370,573 $ 9,878 $ 107,186 $ 1,090, % 2027 $ 376,502 $ 12,638 $ 235,301 $ 1,244, % 2028 $ 382,526 $ 14,204 $ 25,007 $ 1,616, % 2029 $ 388,646 $ 17,950 $ 1,264,716 $ 758, % 2030 $ 394,864 $ 9,397 $ 268,765 $ 893, % 2031 $ 401,182 $ 10,781 $ 117,630 $ 1,188, % 2032 $ 407,601 $ 13,754 $ 274,850 $ 1,334, % 2033 $ 414,123 $ 15,249 $ 47,719 $ 1,716, % 2034 $ 420,749 $ 19,096 $ 2,156, % 2035 $ 427,481 $ 23,525 $ 168,285 $ 2,438, % 2036 $ 434,320 $ 26,384 $ 338,288 $ 2,561, % 2037 $ 441,270 $ 27,640 $ 302,053 $ 2,728, % 2038 $ 448,330 $ 29,341 $ 360,983 $ 2,844, % 2039 $ 455,503 $ 30,541 $ 3,330, % 2040 $ 462,791 $ 35,435 $ 531,591 $ 3,297, % 2041 $ 470,196 $ 35,135 $ 181,009 $ 3,621, % 2042 $ 477,719 $ 38,413 $ 773,287 $ 3,364, % 2043 $ 485,363 $ 35,877 $ 1,246,327 $ 2,639, % 2044 $ 493,128 $ 28,661 $ 1,038,421 $ 2,122, % 2045 $ 501,018 $ 23,531 $ 2,647, % 2046 $ 509,035 $ 28,814 $ 159,220 $ 3,026, % 2047 $ 517,179 $ 32,637 $ 387,743 $ 3,188, % 2048 $ 525,454 $ 34,296 $ 418,129 $ 3,329, % Totals : $ 12,924,174 $ 583,265 $ 10,814,983 ¹ Cash Reserves minus Fully Funded Value The cash distribution shown in this table applies to repair and replacement cash reserves only. Basis of Funding Study - Modified Cash Flow Cash reserves have been set to a minimum of $ 0 Cash Flow has been modified with the forced Fixed Payments. Inflation = 2.50 % Interest = 1.00 % Study Life = 30 years Initial Reserve Funds = $ 637, Final Reserve Value = $ 3,329, Friday, August 18, 2017 Page 27 of 37 Pages

32 Prepared by Florida Reserve Study and Appraisal Cedar Hammock CDD Modified Reserve Assessment Summary Projected Assessment by Fiscal Calendar Year Fiscal Calendar Year Owner Total Annual Assessment Annual Reserve Assessment 2018 $ $ 312, $ $ 320, $ $ 328, $ $ 336, $ $ 344, $ $ 353, $ $ 358, $ $ 364, $ $ 370, $ $ 376, $ $ 382, $ $ 388, $ $ 394, $ $ 401, $ $ 407, $ $ 414, $ $ 420, $ $ 427, $ $ 434, $ $ 441, $ $ 448, $ $ 455, $ $ 462, $ $ 470, $ $ 477, $ $ 485, $ $ 493, $ $ 501, $ $ 509, $ $ 517, $ $ 525,454 Assessment Summary has been modified with forced Fixed Payments. In the context of the Reserve Payment Summary, the ''Annual Reserve Payment'' corresponds with the ''Annual Revenue'' in the Cash Flow report. Operations Payments Include an annual inflation factor of 2.50% Number of Years of Constant Payments: 1 No of Assessed Owners: 799 Friday, August 18, 2017 Page 28 of 37 Pages

33 Prepared by Florida Reserve Study and Appraisal Cedar Hammock CDD Funding Study - Expenses by Item and by Fiscal Calendar Year Item Description FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 FY 2031 FY 2032 FY 2033 FY 2035 FY 2036 FY 2037 FY 2038 Reserve Category : Grounds Pier Deck Boards and Railings $ 33,425 Pier Frame and Pilings $ 13,831 Pier Repair Allowance $ 1,935 $ 2,363 Cart Bridges Deck Boards $ 655,084 Cart Bridges Frame and Pilings $ 467,917 Cart Bridges Repair Allowance $ 45,981 $ 52,097 $ 59,026 $ 66,876 Category Subtotal : $ 45,981 $ 1,935 $ 52,097 $ 1,123,001 $ 106,282 $ 2,363 $ 66,876 Reserve Category : Irrigation and Pumps Irrigation System Modernization and Repairs $ 50,081 Well Pumps Phase 1 $ 12,934 $ 15,794 $ 19,287 Well Pumps Phase 2 $ 14,654 $ 17,894 Pumphouse Tile Roof $ 13,386 Pumphouse Metal Roof $ 1,842 Category Subtotal : $ 12,934 $ 14,654 $ 50,081 $ 15,794 $ 15,228 $ 17,894 $ 19,287 Reserve Category : Main Entrance Barrier Arms and Operators $ 12,934 $ 18,811 Entry Monuments Refurbishment $ 17,894 Guardhouse Security Camera System $ 6,467 $ 8,301 Guardhouse Tile Roof $ 27,302 BAI Beam Scanner $ 9,213 Guardhouse Exterior Paint $ 3,240 $ 3,956 Guardhouse Interior Paint $ 1,584 $ 1,934 Guardhouse HVAC 2.0 Tons $ 3,076 $ 4,151 Category Subtotal : $ 3,076 $ 19,401 $ 4,824 $ 9,213 $ 27,302 $ 12,452 $ 5,890 $ 17,894 $ 18,811 Reserve Category : Ponds Pond Banks Erosion Control $ 124,970 $ 141,591 $ 160,423 $ 181,759 Bulkhead Replacement Hole 5 $ 660,368 Bulkhead Replacement Hole 4 $ 543,573 Bulkhead Replacement Hole 16 $ 199,669 $ 256,313 Bulkhead Replacement Hole 17 $ 173,350 $ 252,125 Bulkhead Replacement Holes 2,8,13,Putting Green, Driving Range $ 208,068 Friday, August 18, 2017 Page 29 of 37 Pages

34 Prepared by Florida Reserve Study and Appraisal Cedar Hammock CDD Funding Study Expenses by Fiscal Calendar Year - Continued Item Description FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 FY 2031 FY 2032 FY 2033 FY 2035 FY 2036 FY 2037 FY 2038 Category Subtotal : $ 660,368 $ 543,573 $ 199,669 $ 173,350 $ 124,970 $ 208,068 $ 141,591 $ 256,313 $ 160,423 $ 252,125 $ 181,759 Reserve Category : Rear Entrance Barrier Arms and Operators $ 4,311 $ 6,270 Gate Operators Original $ 8,202 $ 11,930 Gate Operators Replaced $ 11,348 Gates $ 16,674 BAI Beam Scanner $ 8,132 $ 11,827 Entry Monument Refurbishment $ 5,008 Aluminum Fence 4' $ 16,508 Category Subtotal : $ 8,202 $ 4,311 $ 8,132 $ 33,182 $ 5,008 $ 11,348 $ 11,930 $ 6,270 $ 11,827 Reserve Category : Stormwater Drainage Stormwater Drainage Repair Allowance $ 44,187 $ 50,064 $ 56,723 $ 64,267 Reserve Category : Streets and Sidewalks Paving 1.5 Inch Mill and Overlay CH Cir and Sawgrass West $ 349,156 Paving 1.5 Inch Mill and Overlay Wax Myrtle and Cordgrass $ 143,204 Paving 1.5 Inch Mill and Overlay Sawgrass East and Buttonwood $ 110,342 Paving 1.5 Inch Mill and Overlay CH Ct $ 50,603 Paving 1.5 Inch Mill and Overlay CH Blvd $ 258,188 Pavers on Cedar Hammock Blvd $ 99,184 Sidewalk Repair Allowance $ 38,522 $ 43,646 $ 49,450 $ 56,027 Category Subtotal : $ 110,342 $ 50,603 $ 296,710 $ 43,646 $ 99,184 $ 49,450 $ 143,204 $ 56,027 $ 349,156 Expense Totals : $ 671,646 $ 543,573 $ 346,656 $ 269,934 $ 465,867 $ 216,200 $ 39,941 $ 14,654 $ 107,186 $ 235,301 $ 25,007 $ 1,264,716 $ 268,765 $ 117,630 $ 274,850 $ 47,719 $ 168,285 $ 338,288 $ 302,053 $ 360,983 Friday, August 18, 2017 Page 30 of 37 Pages

35 Prepared by Florida Reserve Study and Appraisal Cedar Hammock CDD Funding Study Expenses by Fiscal Calendar Year - Continued Item Description FY 2040 FY 2041 FY 2042 FY 2043 FY 2044 FY 2046 FY 2047 FY 2048 Reserve Category : Grounds Pier Deck Boards and Railings $ 48,614 Pier Frame and Pilings Pier Repair Allowance $ 2,886 $ 3,524 Cart Bridges Deck Boards Cart Bridges Frame and Pilings Cart Bridges Repair Allowance $ 75,771 $ 85,849 Category Subtotal : $ 2,886 $ 75,771 $ 134,463 $ 3,524 Irrigation System Modernization and Repairs Reserve Category : Irrigation and Pumps Well Pumps Phase 1 $ 23,552 Well Pumps Phase 2 $ 21,852 Pumphouse Tile Roof Pumphouse Metal Roof Category Subtotal : $ 21,852 $ 23,552 Barrier Arms and Operators Entry Monuments Refurbishment Guardhouse Security Camera System $ 10,656 Guardhouse Tile Roof Reserve Category : Main Entrance BAI Beam Scanner $ 13,400 Guardhouse Exterior Paint $ 4,831 $ 5,899 Guardhouse Interior Paint $ 2,362 $ 2,885 Guardhouse HVAC 2.0 Tons $ 5,601 Category Subtotal : $ 17,849 $ 5,601 $ 13,400 $ 8,784 Reserve Category : Ponds Pond Banks Erosion Control $ 205,934 $ 233,323 Bulkhead Replacement Hole 5 $ 1,232,928 Bulkhead Replacement Hole 4 $ 1,014,869 Bulkhead Replacement Hole 16 $ 329,027 Bulkhead Replacement Hole 17 Bulkhead Replacement Holes 2,8,13,Putting Green, Driving Range $ 388,470 Friday, August 18, 2017 Page 31 of 37 Pages

36 Prepared by Florida Reserve Study and Appraisal Cedar Hammock CDD Funding Study Expenses by Fiscal Calendar Year - Continued Item Description FY 2040 FY 2041 FY 2042 FY 2043 FY 2044 FY 2046 FY 2047 FY 2048 Category Subtotal : $ 329,027 $ 205,934 $ 1,232,928 $ 1,014,869 $ 233,323 $ 388,470 Reserve Category : Rear Entrance Barrier Arms and Operators Gate Operators Original $ 17,351 Gate Operators Replaced $ 16,505 Gates BAI Beam Scanner Entry Monument Refurbishment Aluminum Fence 4' $ 8,253 Category Subtotal : $ 24,758 $ 17,351 Reserve Category : Stormwater Drainage Stormwater Drainage Repair Allowance $ 72,814 $ 82,499 Paving 1.5 Inch Mill and Overlay CH Cir and Sawgrass West Paving 1.5 Inch Mill and Overlay Wax Myrtle and Cordgrass Paving 1.5 Inch Mill and Overlay Sawgrass East and Buttonwood $ 181,828 Paving 1.5 Inch Mill and Overlay CH Ct $ 83,386 Reserve Category : Streets and Sidewalks Paving 1.5 Inch Mill and Overlay CH Blvd $ 425,459 Pavers on Cedar Hammock Blvd Sidewalk Repair Allowance $ 63,479 $ 71,922 Category Subtotal : $ 181,828 $ 83,386 $ 488,938 $ 71,922 Expense Totals : $ 531,591 $ 181,009 $ 773,287 $ 1,246,327 $ 1,038,421 $ 159,220 $ 387,743 $ 418,129 Friday, August 18, 2017 Page 32 of 37 Pages

37 August 18, 2017 Florida Reserve Study and Appraisal, Inc N. Florida Avenue Tampa, FL Phone: Fax: Expense Summary by Year Year Category Item Name Expense Main Entrance Guardhouse HVAC 2.0 Tons $ 3,076 FY 2018 Ponds Bulkhead Replacement Hole 5 $ 660,368 Rear Entrance Gate Operators Original $ 8,202 FY 2018 Annual Expense Total = $ 671,646 FY 2019 Ponds Bulkhead Replacement Hole 4 $ 543,573 Annual Expense Total = $ 543,573 Irrigation and Pumps Well Pumps Phase 1 $ 12,934 FY 2020 Main Entrance Barrier Arms and Operators $ 12,934 Guardhouse Security Camera System $ 6,467 Main Entrance Subtotal = $ 19, Ponds Bulkhead Replacement Hole 16 $ 199,669 Rear Entrance Barrier Arms and Operators $ 4,311 Streets and Sidewalks Paving 1.5 Inch Mill and Overlay Sawgrass East and Buttonwood $ 110,342 FY 2020 Annual Expense Total = $ 346,657 Grounds Cart Bridges Repair Allowance $ 45,981 FY 2021 Ponds Bulkhead Replacement Hole 17 $ 173,350 Streets and Sidewalks Paving 1.5 Inch Mill and Overlay CH Ct $ 50,603 FY 2021 Annual Expense Total = $ 269,934 Ponds Pond Banks Erosion Control $ 124,970 Stormwater Drainage Stormwater Drainage Repair Allowance $ 44,187 FY 2022 Streets and Sidewalks Paving 1.5 Inch Mill and Overlay CH Blvd $ 258,188 Sidewalk Repair Allowance $ 38,522 Streets and Sidewalks Subtotal = $ 296, FY 2022 Annual Expense Total = $ 465,867 FY 2023 Ponds Bulkhead Replacement Holes 2,8,13,Putting Green, Driving Range $ 208,068 Rear Entrance BAI Beam Scanner $ 8,132 Friday, August 18, 2017 Page 33 of 37 Pages

38 Prepared by Florida Reserve Study and Appraisal Year Category Item Name Expense FY 2023 Annual Expense Total = $ 216,200 Grounds Pier Repair Allowance $ 1,935 FY 2024 Main Entrance Rear Entrance Guardhouse Exterior Paint $ 3,240 Guardhouse Interior Paint $ 1,584 Main Entrance Subtotal = $ 4, Gates $ 16,674 Aluminum Fence 4' $ 16,508 Rear Entrance Subtotal = $ 33, FY 2024 Annual Expense Total = $ 39,941 FY 2025 Irrigation and Pumps Well Pumps Phase 2 $ 14,654 Annual Expense Total = $ 14,654 Grounds Cart Bridges Repair Allowance $ 52,097 FY 2026 Irrigation and Pumps Irrigation System Modernization and Repairs $ 50,081 Rear Entrance Entry Monument Refurbishment $ 5,008 FY 2026 Annual Expense Total = $ 107,186 Ponds Pond Banks Erosion Control $ 141,591 FY 2027 Stormwater Drainage Stormwater Drainage Repair Allowance $ 50,064 Streets and Sidewalks Sidewalk Repair Allowance $ 43,646 FY 2027 Annual Expense Total = $ 235,301 FY 2028 Irrigation and Pumps Well Pumps Phase 1 $ 15,794 Main Entrance BAI Beam Scanner $ 9,213 FY 2028 Annual Expense Total = $ 25,007 FY 2029 Grounds Irrigation and Pumps Cart Bridges Deck Boards $ 655,084 Cart Bridges Frame and Pilings $ 467,917 Grounds Subtotal = $ 1,123, Pumphouse Tile Roof $ 13,386 Pumphouse Metal Roof $ 1,842 Irrigation and Pumps Subtotal = $ 15, Main Entrance Guardhouse Tile Roof $ 27,302 Streets and Sidewalks Pavers on Cedar Hammock Blvd $ 99,184 FY 2029 Annual Expense Total = $ 1,264,715 FY 2030 Main Entrance Guardhouse Security Camera System $ 8,301 Guardhouse HVAC 2.0 Tons $ 4,151 Main Entrance Subtotal = $ 12, Friday, August 18, 2017 Page 34 of 37 Pages

39 Prepared by Florida Reserve Study and Appraisal Year Category Item Name Expense FY 2030 Ponds Bulkhead Replacement Hole 16 $ 256,313 Annual Expense Total = $ 268,765 Pier Deck Boards and Railings $ 33,425 FY 2031 Grounds Pier Frame and Pilings $ 13,831 Cart Bridges Repair Allowance $ 59,026 Grounds Subtotal = $ 106, Rear Entrance Gate Operators Replaced $ 11,348 Annual Expense Total = $ 117,630 Grounds Pier Repair Allowance $ 2,363 FY 2032 Main Entrance Guardhouse Exterior Paint $ 3,956 Guardhouse Interior Paint $ 1,934 Main Entrance Subtotal = $ 5, Ponds Pond Banks Erosion Control $ 160,423 Stormwater Drainage Stormwater Drainage Repair Allowance $ 56,723 Streets and Sidewalks Sidewalk Repair Allowance $ 49,450 FY 2032 Annual Expense Total = $ 274,849 Irrigation and Pumps Well Pumps Phase 2 $ 17,894 FY 2033 Main Entrance Entry Monuments Refurbishment $ 17,894 Rear Entrance Gate Operators Original $ 11,930 FY 2033 Annual Expense Total = $ 47,718 Main Entrance Barrier Arms and Operators $ 18,811 FY 2035 Rear Entrance Barrier Arms and Operators $ 6,270 Streets and Sidewalks Paving 1.5 Inch Mill and Overlay Wax Myrtle and Cordgrass $ 143,204 FY 2035 Annual Expense Total = $ 168,285 Grounds Cart Bridges Repair Allowance $ 66,876 FY 2036 Irrigation and Pumps Well Pumps Phase 1 $ 19,287 Ponds Bulkhead Replacement Hole 17 $ 252,125 FY 2036 Annual Expense Total = $ 338,288 Ponds Pond Banks Erosion Control $ 181,759 FY 2037 Stormwater Drainage Stormwater Drainage Repair Allowance $ 64,267 Streets and Sidewalks Sidewalk Repair Allowance $ 56,027 FY 2037 Annual Expense Total = $ 302,053 FY 2038 Rear Entrance BAI Beam Scanner $ 11,827 Friday, August 18, 2017 Page 35 of 37 Pages

40 Prepared by Florida Reserve Study and Appraisal Year Category Item Name Expense FY 2038 Streets and Sidewalks Paving 1.5 Inch Mill and Overlay CH Cir and Sawgrass West $ 349,156 FY 2038 Annual Expense Total = $ 360,983 Grounds Pier Repair Allowance $ 2,886 Guardhouse Security Camera System $ 10,656 Main Entrance Guardhouse Exterior Paint $ 4,831 FY 2040 Guardhouse Interior Paint $ 2,362 Main Entrance Subtotal = $ 17, Ponds Bulkhead Replacement Hole 16 $ 329,027 Streets and Sidewalks Paving 1.5 Inch Mill and Overlay Sawgrass East and Buttonwood $ 181,828 FY 2040 Annual Expense Total = $ 531,590 Grounds Cart Bridges Repair Allowance $ 75,771 FY 2041 Irrigation and Pumps Well Pumps Phase 2 $ 21,852 Streets and Sidewalks Paving 1.5 Inch Mill and Overlay CH Ct $ 83,386 FY 2041 Annual Expense Total = $ 181,009 Main Entrance Guardhouse HVAC 2.0 Tons $ 5,601 Ponds Pond Banks Erosion Control $ 205,934 FY 2042 Stormwater Drainage Stormwater Drainage Repair Allowance $ 72,814 Paving 1.5 Inch Mill and Overlay CH Blvd $ 425,459 Streets and Sidewalks Sidewalk Repair Allowance $ 63,479 Streets and Sidewalks Subtotal = $ 488, FY 2042 Annual Expense Total = $ 773,287 FY 2043 Main Entrance BAI Beam Scanner $ 13,400 Ponds Bulkhead Replacement Hole 5 $ 1,232,928 FY 2043 Annual Expense Total = $ 1,246,328 FY 2044 Irrigation and Pumps Well Pumps Phase 1 $ 23,552 Ponds Bulkhead Replacement Hole 4 $ 1,014,869 FY 2044 Annual Expense Total = $ 1,038,421 FY 2046 Grounds Rear Entrance Pier Deck Boards and Railings $ 48,614 Cart Bridges Repair Allowance $ 85,849 Grounds Subtotal = $ 134, Gate Operators Replaced $ 16,505 Entry Monument Refurbishment $ 8,253 Rear Entrance Subtotal = $ 24, FY 2046 Annual Expense Total = $ 159,221 Friday, August 18, 2017 Page 36 of 37 Pages

41 Prepared by Florida Reserve Study and Appraisal Year Category Item Name Expense Ponds Pond Banks Erosion Control $ 233,323 FY 2047 Stormwater Drainage Stormwater Drainage Repair Allowance $ 82,499 Streets and Sidewalks Sidewalk Repair Allowance $ 71,922 FY 2047 Annual Expense Total = $ 387,744 Grounds Pier Repair Allowance $ 3,524 FY 2048 Main Entrance Guardhouse Exterior Paint $ 5,899 Guardhouse Interior Paint $ 2,885 Main Entrance Subtotal = $ 8, Ponds Bulkhead Replacement Holes 2,8,13,Putting Green, Driving Range $ 388,470 Rear Entrance Gate Operators Original $ 17,351 FY 2048 Annual Expense Total = $ 418,129 Friday, August 18, 2017 Page 37 of 37 Pages

42 4C.

43 June 27, 2017 Prepared for: Prepared by: CEDAR HAMMOCK GOLF & COUNTRY CLUB TIMBER RETAINING WALL CALCULATIONS HOLES #4, #5, #16 & #17 NAPLES, FLORIDA ROLANDO CORSA, PE BRIDGING SOLUTIONS, LLC SECOYA RESERVE CIRCLE NAPLES, FLORIDA 34110

44 CEDAR HAMMOCK GOLF & COUNTRY CLUB Timber Retaining Wall Calculations Contents Timber Retaining Wall Calculations Appendix Timber Reference Design Values

45 TAB 1 TIMBER RETAINING WALL CALCULATIONS

46 Note: Work with Banks Engineering survey. Golf Course Hole # 4 (Island) Grade Behind Wall Grade in Front of Wall Retain Section Height Offset Slope Offset Slope EL. 1 EL. 2 EL. 1 EL. 2 (FT) (FT) (deg) (FT) (deg) SL SL SL SL SL SL SL SL SL SL SL SL SL SL SL SL SL SL SL SL SL SL Avg Avg Golf Course Hole # 4 (Road) Grade Behind Wall Grade in Front of Wall Retain Section Height Offset Slope Offset Slope EL. 1 EL. 2 EL. 1 EL. 2 (FT) (FT) (deg) (FT) (deg) SL SL SL SL SL SL SL SL SL SL SL SL SL SL Avg Avg

47 Note: Work with Banks Engineering survey. Golf Course Hole # 5 (Road) Grade Behind Wall Grade in Front of Wall Retain Section Height Offset Slope Offset Slope EL. 1 EL. 2 EL. 1 EL. 2 (FT) (FT) (deg) (FT) (deg) SL SL SL SL SL SL SL SL SL SL SL SL SL SL SL SL Avg Avg Golf Course Hole # 5 (Island) Grade Behind Wall Grade in Front of Wall Retain Section Height Offset Slope Offset Slope EL. 1 EL. 2 EL. 1 EL. 2 (FT) (FT) (deg) (FT) (deg) SL SL SL SL SL SL SL SL SL SL SL SL SL SL SL SL SL SL SL SL SL SL Avg Avg

48 Note: Work with Banks Engineering survey. Golf Course Hole # 16 Grade Behind Wall Grade in Front of Wall Retain Section Height Offset Slope Offset Slope EL. 1 EL. 2 EL. 1 EL. 2 (FT) (FT) (deg) (FT) (deg) SL SL SL SL SL SL SL SL SL SL SL SL SL SL Avg Avg Golf Course Hole # 17 Grade Behind Wall Grade in Front of Wall Retain Section Height Offset Slope Offset Slope EL. 1 EL. 2 EL. 1 EL. 2 (FT) (FT) (deg) (FT) (deg) SL SL SL SL SL SL SL SL SL SL Avg Avg

49 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Sheet Pile Design According to Blum-Method Project Name: Cedar Hammock Date: 7/17/2017 Author: RC Company: Bridging Solutions, LLC Comment: Hole #4 (Road and Island) - Anchored Soldier Pile Timber Retaining Wall You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 1

50 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Geodata Unit Sheet Pile Top Level [ft] Sheet Pile Tip Level [ft] Soil Level in Front [ft] Soil Level behind [ft] Anchorlevel [ft] SP Top Anchor Soil 2 Water Level in Front [ft] Water Level behind [ft] Soil Surface Inclination in Front [Deg] Soil Surface Inclination behind [Deg] Caquot Surcharge in Front [kip/ft2] Caquot Surcharge behind [kip/ft2] Anchor Inclination [Deg] Soil 1 Water 1 Water 2 Earth Support Free SP Tip Front Back You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 2

51 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Soil Layers Layers in Front Layer Tip [ft] Density Moist [kip/ft3] Density Submerged [kip/ft3] Kph Phi [Deg] Delta [Deg] Cohesion [kip/ft2] Layer Layer Layers behind Layer Tip [ft] Density Moist [kip/ft3] Density Submerged [kip/ft3] Kph Phi [Deg] Delta [Deg] Cohesion [kip/ft2] Layer Layer You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 3

52 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Extremal Values z Min [ft] Min z Max [ft] Max Deflection [ft] Cross Force [kip/ft] Moment [kipft/ft] You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 4

53 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Pile Check Depth [ft] Name AZ Inertia [in4/ft] Modulus [in3/ft] Area [in2/ft] Mass [lbs/ft2] Steel Grade [lb/in2] Minimal Moment [kipft/ft] Maxmimal Moment [kipft/ft] Normal Forces at Max. Moment [kip/ft] Normal Forces at Min. Moment [kip/ft] Deflection at Min. Moment [ft] Deflection at Max. Moment [ft] Min. Stress at Min. Moment [lb/in2] Max. Stress at Min. Moment [lb/in2] Min. Stress at Max. Moment [lb/in2] Max. Stress at Max. Moment [lb/in2] Safety > Req. Safety = Sheet Pile Top Level [ft] Sheet Pile Tip Level [ft] Sheet Pile Length [ft] Included OverLength [ft] Vertical Equilibrium [kip/ft] Anchor Force (horiz.) [kip/ft] You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 5

54 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Earth Pressure Diagram [ft] [ft] [ft] [ft] [kip/ft2] [kip/ft2] You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 6

55 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Moment Diagram [ft] [ft] [ft] [ft] [ft] [kipft/ft] You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 7

56 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Deflection Diagram [ft] [ft] [ft] [ft] [ft] [ft] You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 8

57 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Sheet Pile Design According to Blum-Method Project Name: Cedar Hammock Date: 7/17/2017 Author: RC Company: Bridging Solutions, LLC Comment: Hole #5 (Road) - Anchored Soldier Pile Timber Retaining Wall You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 1

58 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Geodata Unit Sheet Pile Top Level [ft] Sheet Pile Tip Level [ft] Soil Level in Front [ft] Soil Level behind [ft] Anchorlevel [ft] SP Top Anchor Soil 2 Water Level in Front [ft] Water Level behind [ft] Soil Surface Inclination in Front [Deg] Soil Surface Inclination behind [Deg] Caquot Surcharge in Front [kip/ft2] Caquot Surcharge behind [kip/ft2] Anchor Inclination [Deg] Earth Support Free Soil 1 Water 1 Water 2 SP Tip Front Back You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 2

59 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Soil Layers Layers in Front Layer Tip [ft] Density Moist [kip/ft3] Density Submerged [kip/ft3] Kph Phi [Deg] Delta [Deg] Cohesion [kip/ft2] Layer Layer Layers behind Layer Tip [ft] Density Moist [kip/ft3] Density Submerged [kip/ft3] Kph Phi [Deg] Delta [Deg] Cohesion [kip/ft2] Layer Layer You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 3

60 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Extremal Values z Min [ft] Min z Max [ft] Max Deflection [ft] Cross Force [kip/ft] Moment [kipft/ft] You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 4

61 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Pile Check Depth [ft] Name AZ Inertia [in4/ft] Modulus [in3/ft] Area [in2/ft] Mass [lbs/ft2] Steel Grade [lb/in2] Minimal Moment [kipft/ft] Maxmimal Moment [kipft/ft] Normal Forces at Max. Moment [kip/ft] Normal Forces at Min. Moment [kip/ft] Deflection at Min. Moment [ft] Deflection at Max. Moment [ft] Min. Stress at Min. Moment [lb/in2] Max. Stress at Min. Moment [lb/in2] Min. Stress at Max. Moment [lb/in2] Max. Stress at Max. Moment [lb/in2] Safety > Req. Safety = Sheet Pile Top Level [ft] Sheet Pile Tip Level [ft] Sheet Pile Length [ft] Included OverLength [ft] Vertical Equilibrium [kip/ft] Anchor Force (horiz.) [kip/ft] You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 5

62 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Earth Pressure Diagram [ft] [ft] [ft] [ft] [kip/ft2] [kip/ft2] You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 6

63 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Moment Diagram [ft] [ft] [ft] [ft] [ft] [kipft/ft] You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 7

64 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Deflection Diagram [ft] [ft] [ft] [ft] [ft] [ft] You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 8

65 Cedar Hammock - Headwall - Section 1 Date: 6/29/2017 Sheet Pile Design According to Blum-Method Project Name: Cedar Hammock Date: 6/29/2017 Author: RC Company: Bridging Solutions, LLC Comment: Hole #16 - Anchored Soldier Pile Timber Retaining Wall You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 1

66 Cedar Hammock - Headwall - Section 1 Date: 6/29/2017 Geodata Unit Sheet Pile Top Level [ft] Sheet Pile Tip Level [ft] Soil Level in Front [ft] Soil Level behind [ft] Anchorlevel [ft] SP Top Anchor Soil 2 Water Level in Front [ft] Water Level behind [ft] Soil Surface Inclination in Front [Deg] Soil Surface Inclination behind [Deg] Caquot Surcharge in Front [kip/ft2] Caquot Surcharge behind [kip/ft2] Anchor Inclination [Deg] Soil 1 Water 1 Water 2 Earth Support Free SP Tip Front Back You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 2

67 Cedar Hammock - Headwall - Section 1 Date: 6/29/2017 Soil Layers Layers in Front Layer Tip [ft] Density Moist [kip/ft3] Density Submerged [kip/ft3] Kph Phi [Deg] Delta [Deg] Cohesion [kip/ft2] Layer Layer Layers behind Layer Tip [ft] Density Moist [kip/ft3] Density Submerged [kip/ft3] Kph Phi [Deg] Delta [Deg] Cohesion [kip/ft2] Layer Layer You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 3

68 Cedar Hammock - Headwall - Section 1 Date: 6/29/2017 Extremal Values z Min [ft] Min z Max [ft] Max Deflection [ft] Cross Force [kip/ft] Moment [kipft/ft] You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 4

69 Cedar Hammock - Headwall - Section 1 Date: 6/29/2017 Pile Check Depth [ft] Name AZ Inertia [in4/ft] Modulus [in3/ft] Area [in2/ft] Mass [lbs/ft2] Steel Grade [lb/in2] Minimal Moment [kipft/ft] Maxmimal Moment [kipft/ft] Normal Forces at Max. Moment [kip/ft] Normal Forces at Min. Moment [kip/ft] Deflection at Min. Moment [ft] Deflection at Max. Moment [ft] Min. Stress at Min. Moment [lb/in2] Max. Stress at Min. Moment [lb/in2] Min. Stress at Max. Moment [lb/in2] Max. Stress at Max. Moment [lb/in2] Safety > Req. Safety = Sheet Pile Top Level [ft] Sheet Pile Tip Level [ft] Sheet Pile Length [ft] Included OverLength [ft] Vertical Equilibrium [kip/ft] Anchor Force (horiz.) [kip/ft] You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 5

70 Cedar Hammock - Headwall - Section 1 Date: 6/29/2017 Earth Pressure Diagram [ft] [ft] [ft] [ft] [kip/ft2] [kip/ft2] You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 6

71 Cedar Hammock - Headwall - Section 1 Date: 6/29/2017 Moment Diagram [ft] [ft] [ft] [ft] [ft] [kipft/ft] You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 7

72 Cedar Hammock - Headwall - Section 1 Date: 6/29/2017 Deflection Diagram [ft] [ft] [ft] [ft] [ft] [ft] You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 8

73 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Sheet Pile Design According to Blum-Method Project Name: Cedar Hammock Date: 7/17/2017 Author: RC Company: Bridging Solutions, LLC Comment: Hole #16 - Cantilever Soldier Pile Timber Retaining Wall You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 1

74 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Geodata Unit Sheet Pile Top Level [ft] Sheet Pile Tip Level [ft] Soil Level in Front [ft] Soil Level behind [ft] Anchorlevel [ft] Water Level in Front [ft] Water Level behind [ft] Soil Surface Inclination in Front [Deg] Soil Surface Inclination behind [Deg] Caquot Surcharge in Front [kip/ft2] Caquot Surcharge behind [kip/ft2] Anchor Inclination [Deg] Earth Support Cantilever Soil 1 SP Top Water 1 Water 2 Soil 2 Front SP Tip Back You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 2

75 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Soil Layers Layers in Front Layer Tip [ft] Density Moist [kip/ft3] Density Submerged [kip/ft3] Kph Phi [Deg] Delta [Deg] Cohesion [kip/ft2] Layer Layer Layers behind Layer Tip [ft] Density Moist [kip/ft3] Density Submerged [kip/ft3] Kph Phi [Deg] Delta [Deg] Cohesion [kip/ft2] Layer Layer You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 3

76 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Extremal Values z Min [ft] Min z Max [ft] Max Deflection [ft] Cross Force [kip/ft] Moment [kipft/ft] You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 4

77 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Pile Check Depth [ft] Name AZ Inertia [in4/ft] Modulus [in3/ft] Area [in2/ft] Mass [lbs/ft2] Steel Grade [lb/in2] Minimal Moment [kipft/ft] Maxmimal Moment [kipft/ft] Normal Forces at Max. Moment [kip/ft] Normal Forces at Min. Moment [kip/ft] Deflection at Min. Moment [ft] Deflection at Max. Moment [ft] Min. Stress at Min. Moment [lb/in2] Max. Stress at Min. Moment [lb/in2] Min. Stress at Max. Moment [lb/in2] Max. Stress at Max. Moment [lb/in2] Safety > Req. Safety = Sheet Pile Top Level [ft] Sheet Pile Tip Level [ft] Sheet Pile Length [ft] Included OverLength [ft] Vertical Equilibrium [kip/ft] Anchor Force (horiz.) [kip/ft] You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 5

78 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Earth Pressure Diagram [ft] [ft] [ft] [ft] [kip/ft2] [kip/ft2] You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 6

79 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Moment Diagram [ft] [ft] [ft] [ft] [ft] [kipft/ft] You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 7

80 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Deflection Diagram [ft] [ft] [ft] [ft] [ft] You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 8

81 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Sheet Pile Design According to Blum-Method Project Name: Cedar Hammock Date: 7/17/2017 Author: RC Company: Bridging Solutions, LLC Comment: Hole #17 - Anchored Soldier Pile Timber Retaining Wall You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 1

82 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Geodata Unit Sheet Pile Top Level [ft] Sheet Pile Tip Level [ft] Soil Level in Front [ft] Soil Level behind [ft] Anchorlevel [ft] SP Top Anchor Soil 2 Water Level in Front [ft] Water Level behind [ft] Soil Surface Inclination in Front [Deg] Soil Surface Inclination behind [Deg] Caquot Surcharge in Front [kip/ft2] Caquot Surcharge behind [kip/ft2] Anchor Inclination [Deg] Soil 1 Water 1 Water 2 Earth Support Free SP Tip Front Back You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 2

83 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Soil Layers Layers in Front Layer Tip [ft] Density Moist [kip/ft3] Density Submerged [kip/ft3] Kph Phi [Deg] Delta [Deg] Cohesion [kip/ft2] Layer Layer Layers behind Layer Tip [ft] Density Moist [kip/ft3] Density Submerged [kip/ft3] Kph Phi [Deg] Delta [Deg] Cohesion [kip/ft2] Layer Layer You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 3

84 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Extremal Values z Min [ft] Min z Max [ft] Max Deflection [ft] Cross Force [kip/ft] Moment [kipft/ft] You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 4

85 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Pile Check Depth [ft] Name AZ Inertia [in4/ft] Modulus [in3/ft] Area [in2/ft] Mass [lbs/ft2] Steel Grade [lb/in2] Minimal Moment [kipft/ft] Maxmimal Moment [kipft/ft] Normal Forces at Max. Moment [kip/ft] Normal Forces at Min. Moment [kip/ft] Deflection at Min. Moment [ft] Deflection at Max. Moment [ft] Min. Stress at Min. Moment [lb/in2] Max. Stress at Min. Moment [lb/in2] Min. Stress at Max. Moment [lb/in2] Max. Stress at Max. Moment [lb/in2] Safety > Req. Safety = Sheet Pile Top Level [ft] Sheet Pile Tip Level [ft] Sheet Pile Length [ft] Included OverLength [ft] Vertical Equilibrium [kip/ft] Anchor Force (horiz.) [kip/ft] You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 5

86 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Earth Pressure Diagram [ft] [ft] [ft] [ft] [kip/ft2] [kip/ft2] You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 6

87 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Moment Diagram [ft] [ft] [ft] [ft] [ft] [kipft/ft] You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 7

88 Cedar Hammock - Headwall - Section 1 Date: 7/17/2017 Deflection Diagram [ft] [ft] [ft] [ft] [ft] [ft] You created ProSheet this PDF from an application that is not licensed to print to novapdf printer ( Page 8

89 APPENDIX TIMBER REFERENCE DESIGN VALUES

90

91

92

93

94

95

96

97

98

99

100

101 Fifth Order of Business

102 5A

103 Bridging Solutions, LLC Secoya Reserve Circle Naples, FL Tel. (239) September 27, 2017 Cedar Hammock Community Development District (CDD) c/o Justin Faircloth, Assistant District Manager Severn Trent Services 5911 Country Lakes Drive Ft. Myers, FL RE: Proposal to Provide Professional Engineering Services for: Inspection and Evaluation for Golf Cart Bridges Cedar Hammock CDD Collier County, Florida Dear Mr. Faircloth: Bridging Solutions, LLC appreciates the opportunity to submit this proposal to provide engineering services based on the site review meeting on September 25, This proposal provides a scope of services and a proposed fee for inspection and evaluation of the timber golf cart bridges within the Cedar Hammock Golf & Country Club in Collier County, Florida. These timber structures were originally constructed in 1999 by US Home and are now showing signs of deterioration. The bridges were constructed using treated timber materials that consist of decking boards, stringers and pile bents for the piers and abutments. The total linear footage for the eight (8) bridges is approximately 1,376 feet. There is one bridge located at holes # 4, 7, 9, 10, 16, and 18 and there are 2 bridges at hole # 5. The bridges span wetlands and retention ponds. The bridge at hole # 16 was recently replaced due to changes made to the golf course path on that hole. The deliverable from these services will be a report that summarizes the findings of the inspection and recommendations for repairs and maintenance. The preparation of bidding documents for construction is not included in these services. We will be able to provide a proposal for design services upon completion of this inspection and evaluation phase of the project. 1. SCOPE OF SERVICES 1.1. Emergency Inspection Perform and emergency inspection of the repairs to damaged bridge stringers at hole # 18 and prepare an report documenting the findings and recommendations. This task was performed on September 25, Coordination and Review Obtain and review copies of all available record documents for the bridges and walls which may include original plans, previous inspection reports, photographs, and maintenance records, etc. Perform interviews with contractors that have performed maintenance repairs of the bridges to document conditions that are buried and inaccessible for inspection. We design bridges to fit your site and budget.

104 1.3. Bridge Inspection - Perform an inspection of the visible bridge elements. Obtain measurements and document the dimensions of the exposed elements for comparison to any record documents. Prepare field sketches to document the geometry and member sizes including connections. Document the inspection findings including all significant defects including checks, cracks, spalls, corrosion, impact damage, etc. using field notes and digital photographs. The intent of this level of inspection is to gather the required information to be able to provide opinions related to the overall condition of the bridges and their anticipated remaining service life. The Golf Course Superintendent will provide a golf cart and small boat to facilitate our inspection Inspection Study Report Perform a study that considers the existing conditions and probable future maintenance requirements including the probable life expectancy of the bridge structures. Prepare a report that provides a summary of the inspection findings and recommendations for future maintenance repairs or replacement. Estimate approximate costs for the replacement of the bridges based on average square foot costs. Conduct a meeting with the CDD Board, General Manager and Golf Course Superintendent to review the report and recommendations. 2. TIME SCHEDULE We anticipate completion of the above described services in 45 days from receipt of this signed proposal. If the services covered by this proposal have not been completed within this time, through no fault of Bridging Solutions, a time extension to complete our services may be renegotiated. 3. COMPENSATION Bridging Solutions proposes to provide the above described services for lump sum fees according to the following breakdown: Task 1.1 Emergency Inspection $ 700 Tasks Inspections and Study Report 5,200 Total Fee $5, EXTRA WORK REQUESTS If work on this project is believed by Bridging Solutions to be in addition to, the Scope of Services, we will notify you immediately. Upon your written approval, we will provide this additional work and bill the time expended at our current hourly rates or an agreed upon lump sum fee. We design bridges to fit your site and budget. 2

105 5. AGREEMENT TERMS This project will be billed monthly on a percent complete basis, with the invoiced amount representing the actual amount of work completed. Invoices remaining unpaid after 30 days of the date of the invoice will be subject to an addition of a 1-1/2% (one and one-half percent) per month surcharge on the total amount due. If the above conditions are acceptable this proposal can become contractual by signing and dating below. The Terms and Conditions on the enclosed Exhibit A are incorporated and made a part of this Agreement. Please return one signed copy of this Agreement and Exhibit A to our office to serve as your authorization for us to proceed on this work. This proposal is valid for thirty (30) days from the date of this letter. Thank you for your consideration of this proposal. Please contact me at if you have any questions or comments. Respectfully, BRIDGING SOLUTIONS, LLC Ralph Verrastro, PE Principal Accepted this day of, 2017 By: Signature Printed or Typed Title: We design bridges to fit your site and budget. 3

106 EXHIBIT A Terms and Conditions Indemnification: Bridging Solutions, LLC agrees, to the fullest extent permitted by law, to indemnify and hold harmless the Client, its officers, directors and employees (collectively, Client) against all damages, liabilities or costs, including reasonably attorneys fees and defense costs, to the extent caused by the Consultant s negligent performance of professional services under this Agreement and that of its subconsultants or anyone for whom the Consultant is legally liable. The Client agrees, to the fullest extent permitted by law, to indemnify and hold harmless Bridging Solutions, its officers, directors, employees and subconsultants (collectively, Consultant) against all damages, liabilities or costs, including reasonable attorneys fees and defense costs, to the extent caused by the Client s negligent acts in connection with the Project and the acts of its contractors, subcontractors or consultants or anyone for whom the Client is legally liable. Neither the Client nor Bridging Solutions shall be obligated to indemnify the other party in any manner whatsoever for the other party s own negligence. Limitation of Liability: In recognition of the relative risks and benefits of the Project to both the Client and Bridging Solutions, the risks have been allocated such that the Client agrees, to the fullest extent permitted by law, to limit the liability of Bridging Solutions to the Client for any and all claims, losses, costs, damages of any nature whatsoever or claims expenses from any cause or causes, including attorney s fees and costs and expert-witness fees and costs, so that the total aggregate liability of Bridging Solutions to the Client shall not exceed $50,000 or the project fee, whichever is smaller. It is intended that this limitation apply to any and all liability or cause of action however alleged or arising, unless otherwise prohibited by law. PURSUANT TO FLORIDA STATUTES CHAPTER , AN INDIVIDUAL EMPLOYEE OR AGENT OF BRIDGING SOLUTIONS, LLC MAY NOT BE HELD LIABLE FOR DAMAGES RESULTING FROM NEGLIGENCE. Termination of Services: This agreement may be terminated upon 5 days written notice by either party should the other fail to perform his obligations hereunder. In the event of termination, the Client shall pay Bridging Solutions, LLC for all services rendered to the date of termination, all reimbursable expenses, and reasonable termination expenses. Ownership of Documents: All documents produced by Bridging Solutions, LLC under this agreement shall remain the property of Bridging Solutions, LLC and may not be used by the Client for any other endeavor without written consent of Bridging Solutions, LLC. Dispute Resolution: Any claim or dispute between the Client and Bridging Solutions, LLC shall be submitted to nonbinding mediation, subject to the parties agreeing to a mediator(s). This agreement shall be governed by the laws of the principal place of business of Bridging Solutions, LLC. Accuracy of Client Documents: The Client shall furnish, at the Client s expense, all information, requirements, reports, data, surveys and instructions required by this Agreement. Bridging Solutions, may use such information, requirements, reports, data, surveys and instructions in performing its services and is entitled to rely upon the accuracy and completeness thereof. Electronic Documents: The Client acknowledges Bridging Solutions plans and specifications, including all documents on electronic media, as instruments of professional service. Nevertheless, the plans and specifications prepared under this Agreement shall become the property of the Client upon completion of the services and payment in full of the moneys due to Bridging Solutions, LLC. The Client shall not reuse or make or permit to be made any modifications to the plans and specifications without the prior written authorization of Bridging Solutions, LLC. The Client agrees to waive any claim against Bridging Solutions arising from any unauthorized reuse or modification of the plans and specifications. Excluded Services: Services not set forth above in the Scope of Services of this agreement are specifically excluded from the scope of Bridging Solutions services. Bridging Solutions assumes no responsibility to perform any services not specifically listed in the Scope of Services. Fiduciary Responsibility: The Client confirms that neither Bridging Solutions, LLC nor any of our subconsultants or subcontractors has offered any fiduciary service to the Client and no fiduciary responsibility shall be owed to the Client by Bridging Solutions, LLC or any of our subconsultants or subcontractors, as a consequence of Bridging Solution s entering into this Agreement with the Client.

107 5B.

108 Cedar Hammock CDD Insurance Proposal Robin Faircloth Public Risk Insurance Agency P O Box 2416 Daytona Beach, FL Phone: Fax:

109 CEDAR HAMMOCK CDD PUBLIC RISK INSURANCE AGENCY TABLE OF CONTENTS Overview The Agency of Public Risk Insurance Agency An Introduction to Your Service Team Preferred Governmental Insurance Trust Preferred Board of Trustees and Risk Advisory Members Claims Services & Safety and Risk Management Services 1 General Liability 2 Automobile Liability 3 Public Officials & Employment Practices Liability 4 Broker Recommendation/Premium Recapitulation Notes of Importance Compensation Disclosures Carrier Financial Status Guide to Best s Ratings Items Required Prior to Binding Acceptance of Proposal Premium Recapitulation Package Application Uninsured Motorist Form Preferred Signature Page Acknowledgement of Non-Admitted Carrier Signed and dated POL Application 5 6

110 THE AGENCY CEDAR HAMMOCK CDD Risk Management Associates, Inc. dba Public Risk Insurance Agency (PRIA) has established itself as one of the premier insurance services organizations for public entities in the United States. Our in-depth understanding of the unique risk exposures and operating environment of public entities allows us to tailor insurance products and services to effectively meet their needs. As the only independent insurance agency solely dedicated to the public entity market, we are uniquely qualified to meet and exceed the expectations of our clients. Our 20 years of insuring local governments has afforded us significant experience and insight into the unique challenges and constraints that our clients face. PRIA currently represents over 250 public entities in Florida. PRIA is a wholly owned subsidiary of Brown & Brown, Inc. - the 6 th largest independent insurance agency in the United States and 7 th largest worldwide as ranked by Business Insurance Magazine. Brown & Brown brings the experience of representing hundreds of public entities nationally in addition to PRIA s focus in Florida. As a Brown & Brown company, PRIA has access to hundreds of insurance markets nationwide and in the international market. With premium volume exceeding $2,500,000,000 Brown & Brown s volume results in a superior negotiating position and leverage with state specific, regional, national, and international insurers. The focus and experience of our team in all of these markets produces superior risk transfer options and risk control expertise for your entity. PRIA develops customized and innovative approaches towards effectively managing your risk. Cost effective insurance products, professional service, and commitment to client s needs are our primary goals. Proof of account satisfaction is reflected by a 97% business retention rate. To fully serve our clientele, Public Risk Insurance Agency can offer coverage for other exposures such as: Bonds Fiduciary Liability Primary and Excess Flood Workers Compensation Environmental Liability Accidental Death & Dismemberment Special Events Airport Liability Aboveground & Underground Petroleum Tank Liability

111 CEDAR HAMMOCK CDD AN INTRODUCTION TO YOUR SERVICE TEAM Account Executives Matt Montgomery Executive Vice President Robin Faircloth, CISR Director of Operations Paul Dawson, ARM-P Senior Vice President / Account Executive Michelle Martin, CIC Vice President / Account Executive Brian Cottrell, CIC, CRM Vice President / Account Executive Kyle Stoekel Account Executive Michelle Perry Account Executive Service Representatives Brittany O Brien, CIC, CRM Risk Management Department Leader Melody Blake, ACSR Account Representative Patricia Jenkins, CPSR Account Representative Karen Bryan Account Representative Linda Burtchett Account Representative Danielle Coggon Account Representative Christina Carter Account Representative Alexa Gray Assistant Account Representative (386) mmontgomery@bbpria.com (386) rfaircloth@bbpria.com (386) pdawson@bbpria.com (386) mmartin@bbpria.com (386) bcottrell@bbpria.com (386) kstoekel@bbpria.com (386) mperry@bbpria.com (386) bobrien@bbpria.com (386) mblake@bbpria.com (386) pjenkins@bbpria.com (386) kbryan@bbpria.com (386) lburtchett@bbpria.com (386) dcoggon@bbpria.com (386) ccarter@bbpria.com (386) agray@bbpria.com Certificate Requests: certificates@bbpria.com Claim Reporting: claims@bbpria.com Our Service Team philosophy focuses on accountability at all levels of account management. Our goal is not simply to meet your service needs, but to exceed them. All of the employees at PRIA are dedicated to achieving this goal and distinguishing ourselves from the competition.

112 CEDAR HAMMOCK CDD PREFERRED GOVERNMENTAL INSURANCE TRUST (Preferred) OVERVIEW Several hundred members and millions in premiums prove that the Preferred Governmental Insurance Trust fulfills what Florida needs: an insurance program exclusively customized and dedicated to the public sector. Preferred stays on the forefront of specialized insurance for property, casualty and workers compensation because it is non-profit and self-governed with a membership comprised solely of Florida public entities. Preferred s history dates back to Its robust membership and financial strength, including consistent growth of surplus, stem from its conservative platform of managed risk. Preferred is just that: preferred for unmatched public entity experience, innovation, stability and personalized service. Preferred s Member Types Municipalities Counties Special Districts Public Schools Charter Schools Sheriff Departments Housing Authorities Aviation Authorities Transit, Port & Utility Authorities Preferred s Comprehensive Coverages Property Workers Compensation General Liability Automobile Liability Automobile Physical Damage Law Enforcement Liability Public Officials Liability Employment Practices Liability Educators Legal Liability The Power of Groups and People What does a specialized insurance trust do for you? In the case of Preferred, it gives you the purchasing power of a very large trust with billions of covered property values far more financial negotiating power than a single public entity can muster. As a Preferred member, you are part of a formidable Florida insurance trust. The trust also transfers risks from any one public entity to the larger group. This provides all members of the trust better rating structures with less volatility. Preferred s sole focus on government ensures that members unique needs are met.

113 CEDAR HAMMOCK CDD Underwriting and Administration Behind Preferred s underwriting platform are decades of success built on integrity and market relationships. Our team of underwriters vast insurance expertise enhances the actuarial and scientific data used to underwrite individual risks within the trust. Services delivered are both broad and precise. Reliability is assured. The administrator for Preferred is Public Risk Underwriters of Florida, Inc. (PRU), Florida s premier public entity specialist of its kind. Preferred s claims administrator is PGCS Claim Services. With more than 25 years in claims experience, PGCS is Florida s foremost governmental third-party administration company. Underwriting Highlights Diverse risk financing options: guaranteed cost, deductible, self-insured retention, all lines aggregate Competitive premium discounts based on favorable experience and sound safety practices Flexibility of coverage design, including mono-line or package basis Dynamic financial analysis conducted periodically to validate the trust s superior financial standing Administration General counsel, defense counsel and litigation services by specialists in governmental law Membership relations for networking and professional development Legislative Pulse newsletter from Tallahassee-based law firm Professional marketing that guarantees local agent support, governmental knowledge and an evergrowing group of members Preferred News a quarterly publication covering the spectrum of government insurance issues State filing, accounting and independent CPA audited financials as needed Preferred s Expert Boards Know Your Business Preferred is governed and guided by people working daily in all segments of Florida s public sector from municipalities to counties to schools to special taxing districts. The Board of Trustees is comprised of elected public officials who work wisely and diligently to set policy, keeping Preferred as the premier public entity insurer of its kind.

114 Preferred Governmental Insurance Trust CEDAR HAMMOCK CDD Dwight E. Ed Wolf, II Charles Walsey Warren Yeager Thomas Rice, Sr. Fred Hawkins, Jr.. Chris Hoffman Kathryn Bryant Board of Trustees Chair Vice Chair Secretary Trustee Trustee Trustee Alternate Trustee City of Wildwood Mayor Cypress Grove CDD Chair Gulf County Commissioner South Indian River WCD Vice President Osceola County Commissioner City of Jacksonville Beach Commissioner Marion County Commissioner

115 PREFERRED CLAIMS ADMINISTRATION CEDAR HAMMOCK CDD Preferred Governmental Claim Solutions, Inc. (PGCS) is the premier governmental third party claims administrator in the state of Florida and also administers the claims for Preferred Governmental Insurance Trust (Preferred). Since its founding in 1956, PGCS has provided claims administration services exclusively to over 450 governmental entities including schools, cities, towns, counties, community development districts, and fire districts. Therefore, PGCS s adjusters are extremely qualified to handle governmental tort liability and public sector workers compensation claims. They are experts at investigating and handling police and firefighters presumption claims. PGCS is sensitive to the politics involved in the handling of public entity claims. PGCS s claims administration program consists of workers compensation, general liability, bodily injury, personal injury, property, auto liability, auto physical damage, employment practices liability, school leaders/educators liability and public officials liability. Their claims staff has over 630 years of combined insurance experience and each has been with PGCS an average of 8 years. Claims are handled under strict supervision in accordance with the PGCS workers compensation and liability claim handling procedure manuals and the PGCS claim best practices manual. A random sampling of each adjuster s claim files are audited on a monthly basis by a Quality Assurance Manager to ensure compliance. PGCS provides their clients with a dedicated Subrogation Unit to pursue reimbursements from at-fault third parties. Their current recovery rate is fifty-nine (59) percent of the claim costs expended. PGCS also has a dedicated excess reporting and recovery unit for communication to and securing reimbursement from the excess and/or reinsurance carriers. In addition, PGCS provides a state-approved Special Investigation Unit (SIU) to prevent and pursue fraudulent claims. PGCS offers rewards up to $10, for the arrest and conviction of persons committing workers compensation fraud. This service is provided via a twenty-four hour seven day a week hotline. PGCS utilizes the RiskMaster system for claims processing. This system captures a wide variety of data, and allows the adjuster to enter an unlimited number of claim notes, process reserve changes, and issue claim payments. Customized reports can be obtained from PGCS s on-line system containing a multitude of data parameters that a client may choose to analyze. The system can be accessed by clients via their website at Communication with PGCS s clients is the cornerstone of their claims administration program. Professional adjusters, nurses, management, quarterly in-depth claim review meetings, 24/7 claim reporting, utilization of attorneys specializing in public entity defense, litigation management, and return to work programs are just a sample of how PGCS has set the standard for the industry. PGCS is committed to partnering with their clients to provide professional and aggressive claim management programs. While they are recognized as the leader in the industry, PGCS is always striving to improve the quality of their programs and expand the services that they offer.

116 CEDAR HAMMOCK CDD PREFERRED SAFETY AND RISK MANAGEMENT SERVICES The success of any public sector community is clearly tied to its ability to protect and preserve its human physical assets. This basic premise serves as the cornerstone of an effective Safety Management program and underscores the importance of Risk Control to the community. Preferred s Safety and Risk Management Department is very aware of the valuable contribution a comprehensive risk control program makes to the bottom-line of any organization. At Preferred, Safety consultations originate with one basic thought Specific measures can be recommended to minimize or eliminate the exposures that cause accidents. This does not mean that the workplace become no-risk utopias, but we expect our consultants to recommend measures to control/minimize all types of accidents, injuries and illnesses to our Preferred clients operations and premises. Stressing our problem solving skills Preferred is dedicated to meeting the challenge of the complex problems facing public sector organizations disarming these problems and converting them into factors, which work to the advantage of our clients. Our emphasis approach to risk control incorporates the following elements: Exposure Identification Assist management in determining areas where a chance of loss might exist. Exposure Measurement and Analysis Loss analysis and a review of the consequences of the exposures will be considered to develop alternative methods of control. Determination and Selection of Appropriate Risk Control Methods Based on measurement and analysis and after considering alternative approaches, specific recommendations and/or a custom design Risk Control plan will be formulated. Training and Safety Management Consulting After considering client needs specific training will be formulated and initiated to fit that need. Key personnel will be provided with the basic knowledge and skills they need to meet those identified needs. Program monitoring is accomplished through follow-up surveys with adjustments to the action plan made as needed. Specialty consulting services are available if necessary. Preferred s Safety and Risk Management Department evaluates the unique needs to each client, ultimately designing a program that is capable of being integrated into the overall risk control efforts of each client. Our management system s direction to the problem solving approach is the foundation of our Safety and Risk Management Service.

117 GENERAL LIABILITY CEDAR HAMMOCK CDD Term: October 1, 2017 to October 1, 2019 Company: Form: Preferred Governmental Insurance Trust (Preferred) Occurrence Limits of Liability: General Liability Bodily Injury and Property Damage $1,000,000 per Occurrence Personal Injury and Advertising Injury Included per Person or Organization Products / Completed Operation Agg Included Fire Damage Included Medical Payments $2,500 Employee Benefits Liability $1,000,000 per Occurrence Deductible: $0 per Occurrence Coverage: 1. EMT/Paramedic Professional Services 2. Premises Operations 3. Insured Contracts 4. Host Liquor Liability 5. Broad Form Property Damage Subject to $2,500 Personal Property of Others Sublimit 6. Watercraft Liability (under 52 feet). See policy form for limitations 7. Limited Worldwide Coverage 8. Additional Covered Party 9. Failure to Supply Water 10. Vicarious Law Enforcement Liability with a sublimit of $1,000, Principle of Eminent Domain Including Inverse Condemnation, claims brought under the Bert J. Harris, Jr., Private Property Rights Protection Act $100,000 per Occurrence / Annual Aggregate. 12. Sewer Backup and Water Damage with a sublimit of $10,000/$200,000 for nonnegligent claims and $200,000/$200,000 for negligent claims. 13. Herbicide and Pesticide Sublimit of $1,000,000 or GL Limit, whichever is less. Notes of Importance: 1. Premium is not audited. 2. Defense Costs are paid in addition to policy limits. 3. In the event that an occurrence, accident or offense continues beyond the policy period, the applicable deductible would apply separately to each policy period in which the occurrence, accident or offense was committed or was alleged to have been committed. 4. Limits of Liability are subject to Florida Statute Deductible does not apply to claims expense This proposal is intended to give a brief overview. Higher limits may be available. Please refer to coverage forms for complete details regarding definition of terms, exclusions and limitations.

118 GENERAL LIABILITY CEDAR HAMMOCK CDD Exclusions, but not limited to: Expected or intended injury Contractual Liability Liquor Liability Workers Compensation and similar laws Employer s Liability Pollution Aircraft, Auto or Watercraft Mobile Equipment War Damage to Your Property, Product or Work Damage to Impaired Property or Property Not Physically Injured Recall of Products, Work or Impaired Property Racketeering Law Enforcement, except for vicarious liability arising out of an act or omission by a law enforcement agency that is not owned, operated or controlled by the Covered party if there is a contract with an outside agency to provide law enforcement for your entity. Asbestos, Mold, Fungi, or Bacteria Liability arising out of or caused or contributed to by any ownership, maintenance, operation, use, loading, unloading or control of or responsibility for any airfield, airport, aircraft, runway, hangar, building or other property or facility designed for, used, connected, associated or affiliated with or in any way related to aviation or aviation activities; this exclusion does not apply to premises exposure for those common areas open to the public including but not limited to parking areas, sidewalks, and terminal buildings. Failure or inability to supply or any interruption of any adequate quantity of power, steam, pressure, or fuel Subsidence, erosion or earth movement. Hospital / Clinic Medical Malpractice or Health Care Facilities Professional Health Care Services, but not including emergency medical services for first aid performed by emergency medical technicians, paramedics or Medical Director while in the course and scope of their duties. ERISA Actual or alleged illegal discrimination Injunctive, declaratory or equitable relief Actual or alleged deterioration, bursting breaking, leaking, inadequacy, design of, control of, maintenance of, or any other alleged responsibility for any structure device, or water course, natural or man-made, including, but not limited to: dams, reservoirs, levees, banks, embankments, gates, canals, ditches, gutters, sewers, aqueducts, channels, culvert, retaining walls, drains, tanks, watershed, or drains, a purpose of which is the containing, carrying, impeding, channeling, diverting, or draining of water or other liquid. Does not apply only as to the bursting or failure of man-made sewer, storm water, grey water or potable water supply pipes owned and maintained by Covered Party. Sexual abuse after initial discover This proposal is intended to give a brief overview. Higher limits may be available. Please refer to coverage forms for complete details regarding definition of terms, exclusions and limitations.

119 AUTOMOBILE LIABILITY Term: October 1, 2017 to October 1, 2019 CEDAR HAMMOCK CDD Company: Preferred Governmental Insurance Trust (Preferred) Limits of Liability: (Based on 00 Vehicles) Primary Bodily Injury and Property $1,000,000 Any One Accident Symbol 8, 9 Damage Liability Combined Personal Injury Protection $10,000 Statutory Symbol 5 Medical Payments Uninsured Motorist Not Included Rejected Liability Deductible: $0 Each Accident Coverage and Notes of Importance: 1. Defense Costs are paid in addition to policy limits. 2. Hired and non-owned liability is included. 3. Limits of Liability are subject to Florida Statute This proposal is intended to give a brief overview. Higher limits may be available. Please refer to coverage forms for complete details regarding definition of terms, exclusions and limitations.

120 Description of Covered Auto Designation Symbols: AUTOMOBILE LIABILITY CEDAR HAMMOCK CDD SYMBOL DESCRIPTION 1 = ANY AUTO 2 = ALL OWNED AUTOS ONLY. Only those autos you own and or lease (and for Liability Coverage any trailers you don t own while attached to power units you own). This also includes all those autos you acquire ownership of after the coverage agreement begins. 3 = OWNED PRIVATE PASSENGER AUTOS ONLY. Only the private passenger autos you won. This includes those private passenger autos you acquire ownership of after the coverage agreement begins. 4 = OWNED AUTOS OTHER THAN PRIVATE PASSENGER AUTOS ONLY. Only those autos you won that are not of the private passenger type (and for Liability Coverage any trailers you don t own while attached to power units you own). This includes those autos not of the private passenger type you acquire ownership of after the coverage agreement begins. 5 = OWNED AUTOS SUBJECT TO NO-FAULT. Only those autos you own and or lease that are required to have No-Fault benefits in the state where they are licensed or principally garaged. This includes those autos you acquire ownership of after the coverage agreement begins provided they are required to have No-Fault benefits in the state where they are licensed or principally garaged. 6 = OWNED AUTOS SUBJECT TO A COMPULSORY UNINSURED MOTORIST LAW. Only those autos you own and or lease that because of the law in the state where they are licensed or principally garaged are required to have and cannot reject Uninsured Motorists Coverage. This includes those autos you acquire ownership of after the coverage agreement begins provided they are subject to the same state uninsured motorists requirement. 7 = SPECIFICALLY DESCRIBED AUTOS. Only those autos described in ITEM THREE of the Declarations for which a premium charge is shown (and for Liability Coverage any trailers you don t own while attached to any power unit described in ITEM THREE). 8 = HIRED AUTOS ONLY. Only those autos you hire rent or borrow. This does not include any auto you lease, hire, rent, or borrow from any of your employees or partners or members of their households. 9 = NONOWNED AUTOS ONLY. Only those autos you do not own, hire, rent or borrow that are used in connection with your business. This includes autos owned by your employees or partners or members of their households but only while used in your business or your personal affairs. This proposal is intended to give a brief overview. Higher limits may be available. Please refer to coverage forms for complete details regarding definition of terms, exclusions and limitations.

121 PUBLIC OFFICIALS LIABILITY EMPLOYMENT PRACTICES LIABILITY Term: October 1, 2017 to October 1, 2018 CEDAR HAMMOCK CDD Company: Form: Retroactive Date: Indian Harbor Insurance Company (Rated A XV by A.M. Best) Claims Made Full Prior Acts Limit of Liability: Retentions: Public Officials Management $ 1,000,000 $ 2,500 Employment Practices Liability $ 1,000,000 $ 10,000 Policy Aggregate $ 1,000,000 Non-Monetary Coverage-Defense Only $ 25,000 $ 2,500 Non-Monetary Coverage-Defense Agg $ 50,000 Crisis Management $ 25,000 $ 5,000 Applicable forms, including but not limited to: PN9052 DRWN POL 1005 SAA-100 DRWN POL 1000 PGU 1110 S1006 DSI PGU 1007 PGU 1052 Florida Policyholder Notice Public Officials and Employment Practices Liability Policy Declarations Schedule of Policy Forms and Endt's Public Officials and Employment Practices Liability Policy Community Development Districts-Additional Exclusions Service of Suit Specific Person or Entity Exclusion Minimum Earned Premium Upon Cancellation Public Officials Liability Notes of Importance: 1. Defense costs are within policy limit unless specified otherwise. 2. Extending Reporting period options may be available. 3. Premium is not audited. 4. Premium is 25% minimum earned. 5. Premium is minimum and deposit, subject to audit. 6. No flat cancellations. Subject to: 1. Completed and signed application. 2. Satisfactory inspection. 3. Signed TRIA form. This proposal is intended to give a brief overview. Higher limits may be available. Please refer to coverage forms for complete details regarding definition of terms, exclusions and limitations.

122 PUBLIC OFFICIALS LIABILITY EMPLOYMENT PRACTICES LIABILITY CEDAR HAMMOCK CDD Claims Made Policy: When a policy is on a claims-made basis, coverage triggers based on the actual filing date or receipt of the claim, in addition to the date of loss or injury. It handles any insured loss or claim filed during the policy period, regardless of when the actual loss or injury occurred, subject to the retroactive date on the declarations. Claims-made coverage applies only to covered losses that occur after the retroactive date. Extended Reporting Periods: Indian Harbor Insurance Company provides the following Extended Reporting Periods options in the event coverage is cancelled or non-renewed: Basic Extended Reporting Period continued coverage granted for a period of 60 days following the effective date of termination or nonrenewal, but only for Claims first made during the 60 days and arising from Wrongful Acts taking place prior to the effective date of the termination or nonrenewal. Optional Extended Reporting Period The Public Entity shall have the right to purchase an Optional Extended Reporting Period for up to 3 years following the effective date of the cancellation or nonrenewal, as shown below: o Option 1 75% for 1 Year o Option 2 125% for 2 Years o Option 3 150% for 3 Years but only for Claims first made during the Optional Extended Reporting Period and arising from Wrongful Acts taking place prior to the effective date of the termination or nonrenewal. This proposal is intended to give a brief overview. Higher limits may be available. Please refer to coverage forms for complete details regarding definition of terms, exclusions and limitations.

123 PREMIUM RECAPITULATION CEDAR HAMMOCK CDD Annual Premium Check Option Accept Reject General Liability $4, Automobile Liability $ Two-Year Coverage Agreement* *Please refer to the next page for details on the Two-Year Offer Public Officials / Employment Practices Liability $2, TRIA $35.00 I authorize PRIA to request the underwriters to bind coverage on the items indicated above and acknowledge receipt of the Compensation and Financial Condition Disclosure(s) provided in this proposal. (Signature) Justin Faircloth - Assistant Secretary (Name & Title) (Date)

124 Preferred 2-Year Option IMPORTANT NOTE: CEDAR HAMMOCK CDD Preferred s quote covers two (2) annual twelve month periods, from 10/01/ :01:00 AM to 10/01/ :01:00 AM and from 10/01/ :01:00 AM to 10/01/ :01:00 AM. The following conditions apply in addition to all other conditions of this quote: A. All Aggregate limits reset for the period 10/01/ :01:00 AM to 10/01/ :01:00 AM. Losses applying to one annual coverage period will not erode the aggregate limits of another annual coverage period. B. The premium for the period 10/01/ :01:00 AM to 10/01/ :01:00 AM will be determined based on updated exposure values for the period. C. Rates for the period 10/01/ :01:00 AM to 10/01/ :01:00 AM will be identical to those for the period commencing 10/01/ :01:00 AM unless OIR approves a WC rate reduction effective during the 10/01/17 to 10/01/18 period. In the event of an approved workers compensation rate decrease, we will honor the reduced rates for the second twelve month installment. Premiums in any case are subject to the following: 1. NCCI Experience modification factors will be applied as promulgated. 2. Changes to Schedules: Property, Inland Marine, and Automobile 3. Payroll 4. Number of Employees D. Due to scheduled changes in rating algorithms, there may be some fluctuation in property premium per location, however, the composite property rate for the building & contents schedule will remain the same. E. In the event of cancellation of any line of business within 90 days after the first day of either annual coverage period, the premium for such line(s) shall be 25% minimum earned. In the event of cancellation of any line of business following the initial 90 days of each annual coverage period, a penalty equal to 60 days premium of such line(s) of business shall become earned, any provision of the agreement to the contrary notwithstanding.. 1. This penalty is earned and payable regardless of when notice of such cancellation is given, or the effective date of such cancellation.

125 Notes of Importance: CEDAR HAMMOCK CDD 1. Quotes provided in the proposal are valid until 10/01/2017. After this date terms and conditions are subject to change by the underwriters. 2. Preferred is not subject to the Florida Insurance Guaranty Act, in the event it becomes unable to meet its claims payment obligations. However, insured is named on excess of loss policies. 3. Some of the Carriers of the Preferred excess of loss policies are issued pursuant to the FL Surplus Lines laws. Entities insured by surplus lines carriers do not have the protection of the FL Insurance Guaranty Act to the extent of any right of recovery for the obligation of an insolvent, unlicensed insurer. 4. Quote is subject to review and acceptance by Preferred Board of Trustees. 5. Premiums are subject to change if all lines of coverage quoted are not bound. Premiums are due upon binding. 6. Not all coverages requested may be provided in this quotation. 7. Flood quotes from NFIP may be available. Please advise your agent if you have property located in zones A or V and would like to have separate NFIP quotes. 8. The total premium is due within 30 days of inception. Premium financing can be arranged if needed. 9. Quote is not bound until written orders to bind are received from the insured and the Trust/Company subsequently accepts the risk. 10. Should signed application reveal differing details/data than original application received, the entire quote/binder is subject to revision and possible retraction. 11. Higher limits of liability may be available. Please consult with your agent. 12. This proposal is based upon exposures to loss made known to the Public Risk Insurance Agency. Any changes in exposures (i.e. new operations, new acquisitions of property or change in liability exposure) need to be promptly reported to us in order that proper coverage may be put into place. 13. This proposal is intended to give a brief overview. Please refer to coverage agreements for complete information regarding definition of terms, deductibles, sub-limits, restrictions and exclusions that may apply. In the event of any differences, the policy will prevail.

126 Retail Compensation Disclosure CEDAR HAMMOCK CDD In addition to the commissions or fees received by us for assistance with the placement, servicing, claims handling, or renewal of your insurance coverages, other parties, such as excess and surplus lines brokers, wholesale brokers, reinsurance intermediaries, underwriting managers and similar parties, some of which may be owned in whole or in part by Brown & Brown, Inc., may also receive compensation for their role in providing insurance products or services to you pursuant to their separate contracts with insurance or reinsurance carriers. That compensation is derived from your premium payments. Additionally, it is possible that we, or our corporate parents or affiliates, may receive contingent payments or allowances from insurers based on factors which are not client-specific, such as the performance and/or size of an overall book of business produced with an insurer. We generally do not know if such a contingent payment will be made by a particular insurer, or the amount of any such contingent payments, until the underwriting year is closed. That compensation is partially derived from your premium dollars, after being combined (or pooled ) with the premium dollars of other insured s that have purchased similar types of coverage. We may also receive invitations to programs sponsored and paid for by insurance carriers to inform brokers regarding their products and services, including possible participation in company-sponsored events such as trips, seminars, and advisory council meetings, based upon the total volume of business placed with the carrier you select. We may, on occasion, receive loans or credit from insurance companies. Additionally, in the ordinary course of our business, we may receive and retain interest on premiums you pay from the date we receive them until the date of premiums are remitted to the insurance company or intermediary. In the event that we assist with placement and other details of arranging for the financing of your insurance premium, we may also receive a fee from the premium finance company. Questions and Information Requests: Should you have any questions or require additional information, please contact this office at or, if you prefer, submit your question or request online at

127 PREFERRED Compensation Disclosure CEDAR HAMMOCK CDD We appreciate the opportunity to assist with your insurance needs. Information concerning additional compensation paid to other entities for this placement and related services appears below. Please do not hesitate to contact us if any additional information is required. Our office is owned by Brown & Brown, Inc. Brown & Brown entities operate independently and are not required to utilize other companies owned by Brown & Brown, Inc., but routinely do so. For the policy year, your insurance was placed with Preferred Governmental Insurance Trust (Preferred). Preferred is an insurance trust formed by Florida public entities through an Interlocal Agreement for the purpose of providing its members with an array of insurance coverages and services. Preferred has contracted with entities owned by Brown & Brown, Inc. to perform various services. As explained below, those Brown & Brown entities are compensated for their services. Preferred has contracted with Public Risk Underwriters (PRU), a company owned by Brown & Brown, Inc., to administer Preferred s operations. The administrative services provided by PRU to Preferred include: Underwriting Coverage review Marketing Policy Review Accounting Issuance of Preferred Coverage Agreements Preferred Member Liaison Risk Assessment and Control Pursuant to its contract with Preferred, PRU receives an administration fee, based on the size and complexity of the account, of up to 12.5% of the premium you pay to Preferred. PRU may also receive commissions from insurance companies with whom it places your coverage, which commissions are derived from the premium you pay to Preferred. Multiple underwriters may be involved in the placement of your coverage. If so, they also may be compensated for their services from the premium you pay to Preferred. Preferred has also contracted with Preferred Governmental Claims Solutions (PGCS), a company owned by Brown & Brown, Inc., for purposes of administering the claims of Preferred members. The services provided by PGCS to Preferred may include: Claims Liaison with Insurance Company Claims Liaison with Preferred Members Claims Adjustment

128 PREFERRED Compensation Disclosure (continued) CEDAR HAMMOCK CDD Pursuant to its contract with Preferred, PGCS receives a claims administration fee for those accounts which PGCS services of up to 5% of the non-property portion of the premiums you pay to Preferred. Preferred also utilizes wholesale insurance brokers, some of which (such as Peachtree Special Risk Brokers and MacDuff Underwriters) are owned by Brown & Brown, Inc., for the placement of Preferred s insurance policies, and for individual risk placements for some Preferred members (excess and surplus lines, professional liability coverage, etc.). The wholesale insurance broker may provide the following services: Risk Placement Coverage review Claims Liaison with Insurance Company Policy Review Current Market Intelligence The wholesale insurance broker s compensation is derived from your premium, and is largely dictated by the insurance company. It typically ranges between 10% and 17% of the premiums you pay to Preferred for your coverage. Some wholesale brokers used by Brown & Brown to place your coverage may also act as Managing General Agents for various insurance companies, and may be compensated directly by those insurance companies for their services in placing and maintaining coverage with those particular companies. The wholesale insurance brokerage utilized in the placement of property insurance was Peachtree Special Risk Brokers, which is a company owned by Brown & Brown Inc. Furthermore, any professional liability coverage afforded by the package of insurance you purchased was acquired through Apex Insurance Services, which is also a company affiliated with Brown & Brown Inc.

129 Wholesale Business Compensation Disclosure Wholesale Broker/Managing General Agent: MacDuff Underwriters, Inc. CEDAR HAMMOCK CDD This intermediary is owned in whole or part by Brown & Brown, Inc., the parent company of Public Risk Insurance Agency. Brown & Brown entities operate independently and are not required to utilize other companies owned by Brown & Brown, Inc., but routinely do so. In addition to providing access to the insurance company, the Wholesale Insurance Broker/Managing General Agent may provide additional services including, but not limited to: underwriting; loss control; risk placement; coverage review; claims coordination with insurance company; and policy issuance. Compensation paid for those services may be up to 15% of the premium you pay for coverage, and any compensation paid for those services is derived from your premium payment.

130 NOTICE OF CARRIER FINANCIAL STATUS CEDAR HAMMOCK CDD Risk Management Associates, Inc. dba Public Risk Insurance Agency, and its parent company, Brown & Brown, Inc. (collectively Brown & Brown ) do not certify, warrant or guarantee the financial soundness or stability of any insurance carrier or alternative risk transfer or pooling entity. We endeavored to place your coverage with an insurance carrier with an A.M. Best Company financial rating of A- or better.* While Brown & Brown cannot certify, warrant or guarantee the financial soundness or stability of any insurance carrier or alternative risk transfer or pooling entity or otherwise predict whether the financial condition of any such entity might improve or deteriorate, we are hereby providing you with notice and disclosure of financial condition so that you can make an informed decision regarding the placement of coverage. Accordingly, with receipt of this notice you acknowledge the following with regard to the placement and any subsequent renewal of the coverage indicated below: Brown & Brown may have other options for your insurance placement, including quotations with insurance carriers holding an A- or better rating from A.M. Best Company. Alternative quotes may be available with an A- or better rated carrier upon your request. Coverage is being placed through Preferred Governmental Insurance Trust ( Preferred ), which is as a Florida local government self-insurance fund established pursuant to Section , Florida Statutes, as such Preferred is not rated by the A.M. Best Company. Preferred is not subject to the protections afforded by any state guaranty fund or association. The financial condition of insurance companies and other coverage providers including local government self-insurance funds like Preferred may change rapidly and that such changes are beyond the control of Brown & Brown. You should review the financial and membership information from Preferred and agree to abide by the conditions of membership established by Preferred. You should consider the information provided, including the Preferred coverage quote and coverage placement and review it with your accountants, legal counsel and advisors. Named Insured: Cedar Hammock CDD Policy Number: PK2FL Policy Period: 10/1/ /1/2019 Date of Notice: 9/19/2017 * A.M. Best Rating Guide: Rating for Stability: A++ to D = Highest to lowest rating Rating for Assets/ Surplus: 15 to 1 - Largest to smallest rating

131 Guide to Bests Ratings Best Category Rating Description Secure A++ Superior Secure A+ Superior Secure A Excellent Secure A- Excellent Secure B++ Very Good Secure B+ Very Good Vulnerable B Fair Vulnerable B- Fair Vulnerable C++ Marginal Vulnerable C+ Marginal Vulnerable C Weak Vulnerable C- Weak Vulnerable D Poor Vulnerable E Under Regulatory Supervision Vulnerable F In Liquidation Vulnerable S Rating Suspended Not Rated NR-1 Insufficient Data Not Rated NR-2 Insufficient Size and/or operating experience Not Rated NR-3 Rating Procedure Inapplicable Not Rated NR-4 Company Request Not Rated NR-5 Not Formally Followed Rating Modifier u Under Review Rating Modifier q Qualified Affiliation Code g Group Affiliation Code p Pooled Affiliation Code r Reinsured Guide to Best s Financial Size Categories Reflects size of I Less than $1,000,000 insurance company II $1,000,000 - $2,000,000 based on their III $2,000,000 - $5,000,000 capital, surplus IV $5,000,000 - $10,000,000 and conditional V $10,000,000 - $25,000,000 reserve funds in VI $25,000,000 - $50,000,000 U.S. dollars. VII $50,000,000 - $100,000,000 VIII $100,000,000 - $250,000,000 IX $250,000,000 - $500,000,000 X $500,000,000 - $750,000,000 XI $750,000,000 - $1,000,000,000 XII $1,000,000,000 - $1,250,000,000 XIII $1,250,000,000 - $1,500,000,000 XIV $1,500,000,000 - $2,000,000,000 XV Greater than $2,000,000,000 CEDAR HAMMOCK CDD Public Risk Insurance Agency always strives to place your coverage with highly secure insurance companies. We cannot, however, guarantee the financial stability of any carrier.

132 Justin Faircloth - Assitant ssecretary

133 COVERED PARTY: Cedar Hammock Community Development District AGREEMENT NO.: PK2FL YOU ARE ELECTING NOT TO PURCHASE CERTAIN VALUABLE COVERAGE WHICH PROTECTS YOU AND YOUR FAMILY OR YOU ARE PURCHASING UNINSURED MOTORISTS LIMITS LESS THAN YOUR BODILY INJURY LIABILITY LIMITS WHEN YOU SIGN THIS FORM. PLEASE READ CAREFULLY. Uninsured Motorist coverage provides for payment of certain benefits for damages caused by owners or operators of uninsured motor vehicles because of bodily injury or death resulting there from. Such benefits may include payments for certain medical expenses, lost wages, and pain and suffering, subject to limitations and conditions contained in the Coverage Agreement. For the purpose of this coverage, an uninsured motor vehicle may include a motor vehicle as to which the bodily injury limits are less than your damages. Florida law requires that automobile liability coverage agreements include Uninsured Motorist coverage at limits equal to the Bodily Injury limits in your coverage agreement unless you select a lower limit offered by the Trust, or reject Uninsured Motorist entirely. Please indicate whether you desire to entirely reject Uninsured Motorist coverage, or, whether you desire this coverage at limits lower than the Bodily Injury Liability limits of your Coverage Agreement: c k a. I hereby reject Uninsured Motorist coverage. c b. I hereby select the following Uninsured Motorist limits which are lower than my Bodily Injury Liability Limits: k each person (enter limit if applicable): each accident. c k AGREEMENT PERIOD: 10/01/2017 to 10/01/2019 c. I hereby select Uninsured Motorist coverage limits equal to my Bodily Injury Liability limits. (If you select this option disregard the bold face statement above.) ELECTION OF NON-STACKED COVERAGE (Do not complete if you have rejected Uninsured Motorist) You have the option to purchase, at a reduced rate, non-stacked (limited) type of Uninsured Motorists coverage. Under this form if injury occurs in a vehicle owned or leased by you or any family member who resides with you, this Coverage Agreement will apply only to the extent of coverage (if any) which applies to that vehicle in this Coverage Agreement. If an injury occurs while occupying someone else's vehicle, or you are struck as a pedestrian, you are entitled to select the highest limits of Uninsured Motorist coverage available on any one vehicle for which you are a Named Covered Party, covered family member, or covered resident of the Named Covered Party's household. This Coverage Agreement will not apply if you select the coverage available under any other Coverage Agreement issued to you or the Coverage Agreement of any other family member who resides with you. If you do not elect to purchase the non-stacked form, your Coverage Agreement limit(s) for each motor vehicle are added together (stacked) for all covered injuries. Thus, your Coverage Agreement limits would automatically change during the Coverage Agreement term if you increase or decrease the number of autos covered under the Coverage Agreement. c k I hereby elect the non-stacked form of Uninsured Motorist coverage. I understand and agree that selection of any of the above options applies to my liability Coverage Agreement and future renewals or replacements of such Coverage Agreement which are issued at the same Bodily Injury Liability limits. If I decide to select another option at some future time, I must let the Trust or my agent know in writing. Signed (Covered Party) Signed (Covered Party) Date: PGIT 398 (07 05) The brief description of coverage contained in this document is being provided as an accommodation only and is not intended to cover or describe all Coverage Agreement terms. For more complete and detailed information relating to the scope and limits of coverage, please refer directly to the Coverage Agreement documents. Specimen forms are available upon request. Page 14

134 PUBLIC ENTITY SIGNATURE PAGE Covered Party: Agreement Number: Coverage Period: Cedar Hammock Community Development District PK2FL From: 10/01/2017 to 10/01/2019 I hearby confirm that limits/coverages as shown hereunder, corresponding with the Coverage Agreement, are correct: N/A Property TIV Buildings & Contents Combined N/A Inland Marine Blanket Unscheduled Inland Marine (Subject to $25,000 any one item excludes Watercraft) Not Included Scheduled Inland Marine Total All Inland Marine Not Included Not Included N/A Property TRIA (Terrorism Risk Insurance Act) coverage X Automobile # of Units - Auto Liability # of Units - Comprehensive # of Units - Collision X N/A I hereby confirm that I have received a copy of Preferred's Current Interlocal Agreement (which was last amended October 1, 2004) and amendment A (which was effective October 1, 2013). I confirm having read and agreed to the terms as laid out in the attached Preferred Participation Agreement (which also requires a signature) Please remember that a signed copy of the following are also required: First Page of Preferred application Uninsured Motorist Rejection / Election form, if applicable Professional Liability (POL / EPLI or ELL / EPLI) application, if applicable. Assistant Secretary Signature Title Date Justin Faircloth Name Please note: Failure to return this signature page could result in cancellation of coverage. The brief description of coverage contained in this document is being provided as an accommodation only and is not intended to cover or describe all Coverage Agreement terms. For more complete and detailed information relating to the scope and limits of coverage, please refer directly to the Coverage Agreement documents. Specimen forms are available upon request. Page 15

135 CEDAR HAMMOCK CDD STATEMENT ACKNOWLEDGING THAT COVERAGE HAS BEEN PLACED WITH A NON-ADMITTED CARRIER Per Florida Statute, the insured is required to sign the following E&S disclosure: The undersigned hereby agrees to place insurance coverage in the surplus lines market and understands that superior coverage may be available in the admitted market and at a lesser cost. Persons insured by surplus lines carriers are not protected by the Florida Insurance Guaranty Association with respect to any right of recovery for the obligation of an insolvent unlicensed insurer. Cedar Hammock CDD Named Insured Signature of Insured s Authorized Representative Date Indian Harbor Insurance Company Name of Excess and Surplus Lines Carrier Public Officials & Employment Practices Liability Type of Insurance 10/1/2017 Effective Date of Coverage

136 NOTICE TO WEST VIRGINIA APPLICANTS: Any person who knowingly presents a false or fraudulent claim for payment of a loss or benefit or knowingly presents false information in an application for insurance is guilty of a crime and may be subject to fines and confinement in prison. NOTICE TO ALL OTHER STATES: Any person who knowingly and willfully presents false information in an application for insurance may be guilty of insurance fraud and subject to fines and confinement in prison. (In Oregon, the aforementioned actions may constitute a fraudulent insurance act which may be a crime and may subject the person to penalties). NOTICE TO NEW YORK APPLICANTS: Any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance or statement of claim containing any materially false information, or conceals for the purpose of misleading, information concerning any fact material thereto, commits a fraudulent insurance act, which is a crime, and shall also be subject to a civil penalty not to exceed five thousand dollars and the stated value of the claim for each such violation. VI. AUTHORIZED REPRESENTATIVE; APPLICANT S SIGNATURE: 1. Provide the name and title of the individual designated to receive any and all notices from the insurer concerning any policy issued as a result of this application (please type or print). Name: Title: Paula Davis Insurance Coordinator 2. Attestation: The authorized signer of this application attests to the best of his/her knowledge that statements set forth herein are true; that no fact, circumstance nor situation indicating the probability of a claim or action now known to any entity, official, or employee has not been declared; and it is agreed by all concerned that omission of such information shall exclude any such claim or action from coverage under the insurance being applied for. It is further acknowledged that the signing of this application does not bind the signer to purchase the insurance. However, it is agreed that this Application shall be the basis of the contract and any policy which might be issued. Authorized Signatory of Entity Date Justin Faircloth - Assistant Secretary Print Name and Title Phone Number VII. AGENCY INFORMATION Agency Name: Public Risk Insurance Agency Contact: Address Karen Bryan P.O. Box 2416 Daytona Beach FL City: State: Zip: Phone: Fax Will you make surplus lines filings if necessary? Yes No Provide your surplus lines license number: PGU POL REN APP 0417 Page 5 of 5

137 5Bi

138

139

140