Hacienda Lakes Community Development District 707 Orchid Drive, Naples, FL P

Transcription

1 Hacienda Lakes Community Development District 707 Orchid Drive, Naples, FL P BOARD OF SUPERVISORS Monday, January 23, 2017, 9:00 a.m. HACIENDA LAKES COMMUNITY 4001 N. Tamiami Trail, Suite 300 DEVELOPMENT DISTRICT Naples, Florida I. Roll Call II. III. IV. Public Comments on Agenda Items Organizational Matters: Administrative Matters: A. Approval of Minutes of the November 21, 2016 Landowner Meeting Exhibit 1 B. Approval of Minutes of the November 21, 2016 General Meeting Exhibit 2 B. Acceptance of December 2016 Financial Statements Exhibit 3 V. Business Matters A. Consideration for Ratification of Parcel R Quit Claim Deed Transfer to Toll Brothers. Exhibit 4 B. Consideration of Cost Sharing Agreement for new Entry Monument Signage and Landscaping. Exhibit 5 VI. Staff Reports A. Manager Utility Installation issues Lake Maintenance issue in Esplanade Pump repair Future Capital Improvements Reserve Parcel I Cleanup Page 1 of 2

2 Hacienda Lakes Community Development District 707 Orchid Drive, Naples, FL P A. Manager, cont. Phase One turnover update Fountain in Phase 2 Lake B. Attorney C. Engineer VII. Public Comments VIII. Supervisors Requests IX. Adjournment Page 2 of 2

3 EXHIBIT 1.

4 DISTRICT Suite 100, 707 Orchid Drive Naples, FL MINUTES OF MEETING Landowner Meeting Monday, November 21, 2016, 9:10 a.m N. Tamiami Trail, Suite 300 Naples, FL Present and constituting a quorum were: Maritza Aguiar Board Member Dwight Nadeau Board Member Bob Mulhere Board Member Clifford Chip Olson Board Member Absent was: Gary Hains Board Member Also present were: Tom Bothe Esplanade Resident and Proposed Board Member Russ Weyer District Manager, Real Estate Econometrics, Inc. Greg Urbancic District Counsel, Coleman, Yovanovich & Koester, P.A. Terry Cole District Engineer, Hole Montes David Torres Hacienda Lakes of Naples, LLC (arrived later) FIRST ORDER OF BUSINESS Call to Order and Roll Call Mr. Weyer called the meeting to order and proceeded with the roll call. The members in attendance are as outlined above. SECOND ORDER OF BUSINESS Notice of Publication Mr. Weyer pointed out that the meeting was properly advertised in the Naples Daily News as shown in the agenda package. 1

5 DISTRICT Suite 100, 707 Orchid Drive Naples, FL THIRD ORDER OF BUSINESS Election of Supervisors A. Election of Supervisors 1. Determine the Number of Voting Units Represented Mr. Weyer noted that there are 31 votes to be cast for Lord s Way 30 LLC and 278 votes to be cast for Hacienda Lakes of Naples LLC. 309 Votes total plus one for Mr. Bothe. 2. Nominations of the Position of Supervisors and Terms of Office. Mr. Weyer pointed out that the Landowner proposes the following Board of Supervisors candidates for election and proposed for the Hacienda Lakes Community Development District: Ms. Maritza Aguiar Seat 1 4-Year Term Mr. Tom Bothe Seat 2 4-Year Term Mr. Clifford Olson Seat 5 2-Year Term Mr. Torres explained that when the District was formed there was a concession to allow a resident on the Board upon the first residents moving into the District. That s has taken place prior to this election. Therefore Mr. Bothe is the resident supervisor candidate. 3. Casting of Ballot. As the proxy holder, Mr. Torres then cast the ballots for Lord s Way 30, LLC and for Hacienda Lakes of Naples LLC 4. Ballot Tabulations and Results. The tabulations were as follows: Ms. Maritza Aguiar Seat Votes 4-Year Term Mr. Tom Bothe Seat Votes 4-Year Term Mr. Clifford Olson Seat Votes 2-Year Term FOURTH ORDER OF BUSINESS Landowner Questions/Comments There were no questions or comments from the Landowner. 2

6 DISTRICT Suite 100, 707 Orchid Drive Naples, FL FIFTH ORDER OF BUSINESS Adjournment The Landowner Meeting of the Hacienda Lakes Community Development District was then adjourned. Secretary/Assistant Secretary Chairperson/Vice-Chairperson Print Name Print Name MINUTES OF MEETING 3

7 EXHIBIT 2.

8 DISTRICT Suite 100, 707 Orchid Drive Naples, FL MINUTES OF MEETING Board of Supervisors Meeting Monday, November 21, 2016, 9:00 a.m N. Tamiami Trail, Suite 300 Naples, FL Present and constituting a quorum were: Maritza Aguiar Board Member Dwight Nadeau Board Member Bob Mulhere Board Member Clifford Chip Olson Board Member Tom Bothe Board Member Also present were: Russ Weyer District Manager, Real Estate Econometrics, Inc. Greg Urbancic District Counsel, Coleman, Yovanovich & Koester, P.A. Terry Cole District Engineer, Hole Montes David Torres Hacienda Lakes of Naples, LLC (arrived later) FIRST ORDER OF BUSINESS Call to Order and Roll Call Mr. Weyer called the meeting to order and proceeded with the roll call. The members in attendance are as outlined above. SECOND ORDER OF BUSINESS Mr. Weyer noted that the Florida Statutes require that there be an opportunity for Public Comment. No comments were forthcoming from the public in attendance. 1

9 THIRD ORDER OF BUSINESS Organizational Matters A. Consideration of re-electing Maritza Aguiar as Supervisor for Seat 1, electing Tom Bothe for Seat 2 and re-electing Clifford Olson for Seat 5. Mr. Urbancic administered the oath of office for the three proposed supervisors. The oaths were then signed and notarized. Mr. Urbancic noted that each new supervisor files Form1 financial disclosure form and that Mr. Hains has to now file Form 1F. Mr. Mulhere pointed out to Mr. Bothe that each supervisor is subject to Florida Sunshine Laws and are not permitted to discuss District business outside of publically noticed District meetings. B. Consideration of Resolution Canvassing the Landowner Election Results of the Hacienda Lakes Community Development District. Mr. Weyer reiterated that Ms. Aguiar and Mr. Bothe received 310 votes and Mr. Olson received 308 votes. Ms. Aguiar and Mr. Bothe were elected for 4-year terms and Mr. Olson was elected for a 2-year term. as well. On MOTION by Mr. Nadeau and seconded by Ms. Aguiar, with all in favor, the Board of Supervisors of the Hacienda Lakes Community Development District approved Resolution Canvassing the Landowner Election Results of the Hacienda Lakes Community Development District. C. Consideration of Resolution relating to the Designation of Officers for the District and providing for an effective date. Mr. Weyer read the list of proposed officers. Mr. Urbancic noted that every time there is an election, the District needs to reconstitute its officers. On MOTION by Mr. Olson and seconded by Mr. Mulhere, with all in favor, the Board of Supervisors of the Hacienda Lakes Community Development District approved Resolution Designating the Officers for the District and providing for an effective date. 2

10 FOURTH ORDER OF BUSINESS Administrative Matters A. Approval of Minutes of the October 17, 2016 Board of Supervisors Meeting Mr. Weyer asked for changes forthcoming from the Board at the meeting. Mr. Olson said the minutes say he was not in attendance but had made three different motions. Mr. Weyer pointed out that after his name under absent, it was noted that he arrived later and that in the minutes it is noted where he arrived. On MOTION by Mr. Mulhere and seconded by Mr. Nadeau, with all in favor, the Board of Supervisors of the Hacienda Lakes Community Development District approved with changes noted the Minutes of the October 17, 2016 Board of Supervisors Meeting. B. Consideration of Financial Statements through October 31, 2016 Mr. Weyer said that we are starting over again since the fiscal year starts October 1 st. so most of the financials will be positive since we have only one month s worth of financials. He said that the District is in good financial shape. Mr. Torres asked that US Bank statements be included in the financial statements. Mr. Torres then asked if it was appropriate that the District have a crime prevention policy? Mr. Weyer was directed to obtain costs for a crime prevention policy. On MOTION by Mr. Mulhere and seconded by Mr. Bothe, with all in favor, the Board of Supervisors of the Hacienda Lakes Community Development District accepted the District s Financial Statements through October 31, FIFTH ORDER OF BUSINESS Business Matters There were no business matters. SIXTH ORDER OF BUSINESS Staff Reports Manager s Report 1. Landscape Update. Mr. Weyer explained that the landscaping is looking good out there and that we have our own dedicated on-site supervisor. Winter mulching will take place in a week. 2. Utility Issue. Mr. Weyer reported on the issue of Century Link boring through the utility easement and hitting our irrigation main in a few spots. Mr. Weyer reported that Mastec (Century Link) will be paying for the repairs. 3

11 Mr. Weyer asked about the Phase One turnover to the County. It has not taken place as of this date. 4. Street cleaning was performed a second time. It looks like it will need to be done every three weeks. Attorney s Report Mr. Urbancic had nothing to report. Engineer s Report Mr. Cole said Mr. Weyer called him last week inquiring who places and maintains the filter bags by the street catch basins. Toll Brothers is responsible. Mr. Cole s firm has turned in the water management annual report for the District and everything is functioning fine. Waste Management has had major hydraulic spills at Fiddler s Creek so please let the District or Mr. Cole know if you see a spill. Mr. Weyer asked the Developer if they have cleaned up the tires and garbage on parcel I. He said that he has not. SEVENTH ORDER OF BUSINESS Public Comment Mr. Torres said that the 2016 bonds have had three requisitions for funds requested and that their still remains funds for Parcel B and Parcel N.. EIGHTH ORDER OF BUSINESS Supervisors Requests There were no requests. EIGHTH ORDER OF BUSINESS Adjournment On MOTION by Mr. Mulhere and seconded by Mr. Olson, with all in favor, the meeting of the Board of Supervisors of the Hacienda Lakes Community Development District was adjourned. Secretary/Assistant Secretary Chairperson/Vice-Chairperson Print Name Print Name 4

12 EXHIBIT 3.

13 Hacienda Lakes CDD Cash Flow October through December 2016 Oct - Dec 16 Income Off Roll Assessments 52, On Roll O&M Assessments 6, DS2014 Assessments On Roll 112, DS2014 Assessment Discount 1, Total Income 172, Gross Profit 172, Expense Administrative P/R - Board of Supervisors 1, Payroll Taxes-FICA Payroll Service Fee Management Consulting Services 5, Bank Fees District Filing Fee Legal Advertising 1, Assessment Administration Servi Engineering Services 8, Legal Services 4, Total Administrative 20, Field Operations Electricity - General 1, LANDSCAPING & MAINTENANCE 18, Irrigation Repairs Wetland Monitoring Lake Maintenance 4, Street Sweeping Total Field Operations 26, Total Expense 46, Net Income 125, Page 1

14 Hacienda Lakes CDD Balance Sheet As of December 31, 2016 Dec 31, 16 ASSETS Current Assets Checking/Savings Cash 208, Revenue Trust Acct -Series , Reserve Trust Fund -Series , Assmnt Prepayment - Series , Note Payment-Series , Construction Trust Fund Total Checking/Savings 1,042, Accounts Receivable Interest Receivable Total Accounts Receivable Other Current Assets Utility Deposits 3, Total Other Current Assets 3, Total Current Assets 1,045, TOTAL ASSETS 1,045, LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable Accounts Payable 1, Total Accounts Payable 1, Total Current Liabilities 1, Total Liabilities 1, Equity Fund Balance- Unreserved 45, DS Fund Balance Unreserved 802, Retained Earnings 70, Fund Balance Unreserved Net Income 125, Total Equity 1,044, TOTAL LIABILITIES & EQUITY 1,045, Page 1

15 DISTRICT O&M GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE FOR THE PERIOD ENDING December 31, 2016 YTD VARIANCE ADOPTED ACTUAL FAVORABLE BUDGET YEAR TO DATE (UNFAVORABLE) REVENUES ON ROLL ASSESSMENTS $ 13,357 $ $ 13,357 OFF ROLL ASSESSMENTS $ 212,296 $ 109,707 $ 102,590 INTEREST REVENUE $ $ MISCELLANEIOUS REVENUE $ $ TOTAL REVENUES $ 225,653 $ 109,707 $ 115,947 EXPENDITURES ADMINISTRATIVE BOARD OF SUPERVISORS PAYROLL $ 8,000 $ 1,747 $ 6,253 PAYROLL TAXES $ 403 PAYROLL SERVICE FEE $ 103 MANAGEMENT CONSULTING SERVICES 30,000 7,500 $ 22,500 ASSESSMENT ADMINISTRATION LIEN BOOK 13,400 (714) $ 14,114 ASSESSMENT ROLL PREPARATION 5,000 $ 5,000 OFFICE EXPENSES 750 $ 750 BANK CHARGES 195 $ (195) AUDITING 6,500 $ 6,500 INSURANCE (Liability, Property & Casuality) 5,000 5,253 $ (253) LEGAL ADVERTISING 1,500 1,520 $ (20) REGULATORY AND PERMIT FEES $ LEGAL SERVICES 7,500 4,026 $ 3,474 ENGINEERING SERVICES General 5,000 8,188 $ (3,188) WEBSITE DESIGN & HOSTING 2,500 $ 2,500 MISCELLANEOUS SERVICES $ TOTAL ADMINISTRATIVE EXPENDITURES $ 86,249 $ 28,308 $ 57,941 FIELD OPERATIONS FIELD OPERATIONS MANAGEMENT STAFF LANDSCAPING & FIELD MAINTENANCE $ 73,140 $ 18,285 $ 54,855 LANDSCAPE REPLACEMENT $ 10,000 $ $ 10,000 LANDSCAPE MULCH $ 7,000 $ $ 7,000 IRRIGATION REPAIRS $ 2,500 $ 506 $ 1,994 ELECTRICTY $ 5,000 $ 1,765 $ 3,235 WATER USE MONITORING $ 2,400 $ 600 $ 1,800 CONTINGENCY FOR LORD'S WAY $ 5,000 $ $ 5,000 FOUNTAINS $ 5,000 $ $ 5,000 ENTRY MONUMENTS MAINTENANCE $ 1,000 $ 400 $ 600 WETLAND MONITORING $ 1,500 $ $ 1,500 SFWMD ERP ANNUAL REPORT $ 1,500 $ $ 1,500 LAKE TESTING $ 3,600 $ $ 3,600 SABAL PALM CULVERTS CLEANING $ 5,000 $ $ 5,000 STREET SWEEPING $ $ 598 $ (598) LAKE MAINTENANCE $ 16,764 $ 4,191 $ 12,573 TOTAL FIELD OPERATIONS EXPENDITURES $ 139,404 $ 26,345 $ 113,059 TOTAL EXPENDITURES $ 225,653 $ 54,653 $ 171,000 EXCESS OF REVENUE OVER (UNDER) EXPENDITURES $ $ 55,053

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23 00- -M -N -PC Page 1 of 3 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS SERIES 2014 INTERESTFUND SP P HACIENDA LAKES REAL ESTATE ECONOMETRICS INC ATTN RUSS WEYER 707 ORCHID DR STE 100 NAPLES FL QUESTIONS? If you have any questions regarding your account or this statement, please contact your Account Manager or Analyst. Account Manager: JAMES J. AUDETTE EX-FL-UORT 225 E. ROBINSON ST., SUITE 250 ORLANDO, FL Phone james.audette@usbank.com Analyst: RAHANA JUMAN Phone

24 MARKET VALUE SUMMARY 00- -M -N -PC Page 2 of 3 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS SERIES 2014 INTERESTFUND Current Period 12/01/16 to 12/31/16 Beginning Market Value $0.00 Ending Market Value $0.00 No activity qualifies for this statement period. MARKET VALUE SUMMARY MESSAGES

25 00- -M -N -PC Page 3 of 3 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS SERIES 2014 INTERESTFUND No reportable securities for this statement period ASSET DETAIL MESSAGES

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27 00- -M -N -PC Page 1 of 5 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS SERIES 2014 REVENUEFUND SP P HACIENDA LAKES REAL ESTATE ECONOMETRICS INC ATTN RUSS WEYER 707 ORCHID DR STE 100 NAPLES FL QUESTIONS? If you have any questions regarding your account or this statement, please contact your Account Manager or Analyst. Account Manager: JAMES J. AUDETTE EX-FL-UORT 225 E. ROBINSON ST., SUITE 250 ORLANDO, FL Phone james.audette@usbank.com Analyst: RAHANA JUMAN Phone

28 MARKET VALUE SUMMARY 00- -M -N -PC Page 2 of 5 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS SERIES 2014 REVENUEFUND Current Period 12/01/16 to 12/31/16 Beginning Market Value $ Contributions Adjusted Market Value $ Investment Results Interest, Dividends and Other Income 0.01 Total Investment Results $0.01 Ending Market Value $180.28

29 ASSET DETAIL AS OF 12/31/ M -N -PC Page 3 of 5 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS SERIES 2014 REVENUEFUND Shares or Market Value/ Tax Cost/ % of Total Face Amount Security Description Price Unit Cost Yield at Market Est Ann Inc Cash Equivalents US Bank Mmkt 5 - Ct AMMF05B ** Total Cash Equivalents $ $ $.18 Total Assets $ $ $.18 ASSET DETAIL MESSAGES Time of trade execution and trading party (if not disclosed) will be provided upon request. Publicly traded assets are valued in accordance with market quotations or valuation methodologies from financial industry services believed by us to be reliable. Assets that are not publicly traded may be reflected at values from other external sources. Assets for which a current value is not available may be reflected at a previous value or as not valued, at par value, or at a nominal value. Values shown do not necessarily reflect prices at which assets could be bought or sold. Values are updated based on internal policy and may be updated less frequently than statement generation. For further information, please contact your Analyst. ** The Yield at Market set forth in this statement for any money market fund is based on the interest rate applicable to that money market fund as of the last business day of the statement period only and may not be relied upon as (i) a yield estimate for the statement period as a whole, or (ii) a guarantee of future performance.

30 CASH SUMMARY 00- -M -N -PC Page 4 of 5 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS SERIES 2014 REVENUEFUND Income Principal Total Cash Cash Cash Beginning Cash Balance as of 12/01/2016 $.00 $.00 $.00 Taxable Interest Cash Receipts Transfers Net Money Market Activity Ending Cash Balance as of 12/31/2016 $0.00 $0.00 $0.00

31 TRANSACTION DETAIL 00- -M -N -PC Page 5 of 5 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS SERIES 2014 REVENUEFUND Date Income Principal Tax Posted Description Cash Cash Cost Beginning Balance 12/01/2016 $.00 $.00 $ /01/16 Interest Earned On 0.01 US Bank Mmkt 5 - Ct Interest From 11/1/16 To 11/30/16 9AMMF05B2 12/02/16 Cash Disbursement Transfer To Principal 1 12/02/16 Cash Receipt 0.01 Transfer From Income 1 12/02/16 Cash Receipt Transfer From Another Trust Paid From Account # Income Earnings 12/02/16 Purchased Units Of US Bank Mmkt 5 - Ct Trade Date 12/2/16 9AMMF05B2 EndingBalance 12/31/2016 $0.00 $0.00 $180.28

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33 00- -M -N -PC Page 1 of 3 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS SERIES 2014 PRINCIPAL FUND SP P HACIENDA LAKES REAL ESTATE ECONOMETRICS INC ATTN RUSS WEYER 707 ORCHID DR STE 100 NAPLES FL QUESTIONS? If you have any questions regarding your account or this statement, please contact your Account Manager or Analyst. Account Manager: JAMES J. AUDETTE EX-FL-UORT 225 E. ROBINSON ST., SUITE 250 ORLANDO, FL Phone james.audette@usbank.com Analyst: RAHANA JUMAN Phone

34 MARKET VALUE SUMMARY 00- -M -N -PC Page 2 of 3 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS SERIES 2014 PRINCIPAL FUND Current Period 12/01/16 to 12/31/16 Beginning Market Value $0.00 Ending Market Value $0.00 No activity qualifies for this statement period. MARKET VALUE SUMMARY MESSAGES

35 00- -M -N -PC Page 3 of 3 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS SERIES 2014 PRINCIPAL FUND No reportable securities for this statement period ASSET DETAIL MESSAGES

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37 00- -M -N -PC Page 1 of 3 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS SERIES 2014 SINKING FUND SP P HACIENDA LAKES REAL ESTATE ECONOMETRICS INC ATTN RUSS WEYER 707 ORCHID DR STE 100 NAPLES FL QUESTIONS? If you have any questions regarding your account or this statement, please contact your Account Manager or Analyst. Account Manager: JAMES J. AUDETTE EX-FL-UORT 225 E. ROBINSON ST., SUITE 250 ORLANDO, FL Phone james.audette@usbank.com Analyst: RAHANA JUMAN Phone

38 MARKET VALUE SUMMARY 00- -M -N -PC Page 2 of 3 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS SERIES 2014 SINKING FUND Current Period 12/01/16 to 12/31/16 Beginning Market Value $0.00 Ending Market Value $0.00 No activity qualifies for this statement period. MARKET VALUE SUMMARY MESSAGES

39 00- -M -N -PC Page 3 of 3 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS SERIES 2014 SINKING FUND No reportable securities for this statement period ASSET DETAIL MESSAGES

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41 00- -M -N -PC Page 1 of 5 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS SERIES 2014 PREPAYMENT SP P HACIENDA LAKES REAL ESTATE ECONOMETRICS INC ATTN RUSS WEYER 707 ORCHID DR STE 100 NAPLES FL QUESTIONS? If you have any questions regarding your account or this statement, please contact your Account Manager or Analyst. Account Manager: JAMES J. AUDETTE EX-FL-UORT 225 E. ROBINSON ST., SUITE 250 ORLANDO, FL Phone james.audette@usbank.com Analyst: RAHANA JUMAN Phone

42 MARKET VALUE SUMMARY 00- -M -N -PC Page 2 of 5 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS SERIES 2014 PREPAYMENT Current Period 12/01/16 to 12/31/16 Beginning Market Value $21, Investment Results Interest, Dividends and Other Income 1.79 Total Investment Results $1.79 Ending Market Value $21,875.41

43 ASSET DETAIL AS OF 12/31/ M -N -PC Page 3 of 5 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS SERIES 2014 PREPAYMENT Shares or Market Value/ Tax Cost/ % of Total Face Amount Security Description Price Unit Cost Yield at Market Est Ann Inc Cash Equivalents 21, US Bank Mmkt 5 - Ct 21, , AMMF05B ** Total Cash Equivalents $21, $21, $21.88 Total Assets $21, $21, $21.88 ASSET DETAIL MESSAGES Time of trade execution and trading party (if not disclosed) will be provided upon request. Publicly traded assets are valued in accordance with market quotations or valuation methodologies from financial industry services believed by us to be reliable. Assets that are not publicly traded may be reflected at values from other external sources. Assets for which a current value is not available may be reflected at a previous value or as not valued, at par value, or at a nominal value. Values shown do not necessarily reflect prices at which assets could be bought or sold. Values are updated based on internal policy and may be updated less frequently than statement generation. For further information, please contact your Analyst. ** The Yield at Market set forth in this statement for any money market fund is based on the interest rate applicable to that money market fund as of the last business day of the statement period only and may not be relied upon as (i) a yield estimate for the statement period as a whole, or (ii) a guarantee of future performance.

44 CASH SUMMARY 00- -M -N -PC Page 4 of 5 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS SERIES 2014 PREPAYMENT Income Principal Total Cash Cash Cash Beginning Cash Balance as of 12/01/2016 $.00 $.00 $.00 Taxable Interest Transfers Net Money Market Activity Ending Cash Balance as of 12/31/2016 $0.00 $0.00 $0.00

45 TRANSACTION DETAIL 00- -M -N -PC Page 5 of 5 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS SERIES 2014 PREPAYMENT Date Income Principal Tax Posted Description Cash Cash Cost Beginning Balance 12/01/2016 $.00 $.00 $21, /01/16 Interest Earned On 1.79 US Bank Mmkt 5 - Ct Interest From 11/1/16 To 11/30/16 9AMMF05B2 12/02/16 Cash Disbursement Transfer To Principal 1 12/02/16 Cash Receipt 1.79 Transfer From Income 1 12/02/16 Purchased 1.79 Units Of US Bank Mmkt 5 - Ct Trade Date 12/2/16 9AMMF05B2 EndingBalance 12/31/2016 $0.00 $0.00 $21,875.41

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47 00- -M -N -PC Page 1 of 5 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS SERIES 2014 DEBT SERVICE RESERVE SP P HACIENDA LAKES REAL ESTATE ECONOMETRICS INC ATTN RUSS WEYER 707 ORCHID DR STE 100 NAPLES FL QUESTIONS? If you have any questions regarding your account or this statement, please contact your Account Manager or Analyst. Account Manager: JAMES J. AUDETTE EX-FL-UORT 225 E. ROBINSON ST., SUITE 250 ORLANDO, FL Phone james.audette@usbank.com Analyst: RAHANA JUMAN Phone

48 MARKET VALUE SUMMARY 00- -M -N -PC Page 2 of 5 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS SERIES 2014 DEBT SERVICE RESERVE Current Period 12/01/16 to 12/31/16 Beginning Market Value $412, Distributions Adjusted Market Value $412, Investment Results Interest, Dividends and Other Income Total Investment Results $33.78 Ending Market Value $412,171.88

49 ASSET DETAIL AS OF 12/31/ M -N -PC Page 3 of 5 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS SERIES 2014 DEBT SERVICE RESERVE Shares or Market Value/ Tax Cost/ % of Total Face Amount Security Description Price Unit Cost Yield at Market Est Ann Inc Cash Equivalents 412, US Bank Mmkt 5 - Ct 412, , AMMF05B ** Total Cash Equivalents $412, $412, $ Total Assets $412, $412, $ ASSET DETAIL MESSAGES Time of trade execution and trading party (if not disclosed) will be provided upon request. Publicly traded assets are valued in accordance with market quotations or valuation methodologies from financial industry services believed by us to be reliable. Assets that are not publicly traded may be reflected at values from other external sources. Assets for which a current value is not available may be reflected at a previous value or as not valued, at par value, or at a nominal value. Values shown do not necessarily reflect prices at which assets could be bought or sold. Values are updated based on internal policy and may be updated less frequently than statement generation. For further information, please contact your Analyst. ** The Yield at Market set forth in this statement for any money market fund is based on the interest rate applicable to that money market fund as of the last business day of the statement period only and may not be relied upon as (i) a yield estimate for the statement period as a whole, or (ii) a guarantee of future performance.

50 CASH SUMMARY 00- -M -N -PC Page 4 of 5 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS SERIES 2014 DEBT SERVICE RESERVE Income Principal Total Cash Cash Cash Beginning Cash Balance as of 12/01/2016 $.00 $.00 $.00 Taxable Interest Cash Disbursements Ending Cash Balance as of 12/31/2016 $0.00 $0.00 $0.00

51 TRANSACTION DETAIL 00- -M -N -PC Page 5 of 5 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS SERIES 2014 DEBT SERVICE RESERVE Date Income Principal Tax Posted Description Cash Cash Cost Beginning Balance 12/01/2016 $.00 $.00 $412, /01/16 Interest Earned On US Bank Mmkt 5 - Ct Interest From 11/1/16 To 11/30/16 9AMMF05B2 12/02/16 Cash Disbursement Paid To Account # Transfer To Another Trust Income Earnings EndingBalance 12/31/2016 $0.00 $0.00 $412,171.88

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53 00- -M -N -PC Page 1 of 3 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS SERIES 2014 GENERALREDEMPTION SP P HACIENDA LAKES REAL ESTATE ECONOMETRICS INC ATTN RUSS WEYER 707 ORCHID DR STE 100 NAPLES FL QUESTIONS? If you have any questions regarding your account or this statement, please contact your Account Manager or Analyst. Account Manager: JAMES J. AUDETTE EX-FL-UORT 225 E. ROBINSON ST., SUITE 250 ORLANDO, FL Phone james.audette@usbank.com Analyst: RAHANA JUMAN Phone

54 MARKET VALUE SUMMARY 00- -M -N -PC Page 2 of 3 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS SERIES 2014 GENERALREDEMPTION Current Period 12/01/16 to 12/31/16 Beginning Market Value $0.00 Ending Market Value $0.00 No activity qualifies for this statement period. MARKET VALUE SUMMARY MESSAGES

55 00- -M -N -PC Page 3 of 3 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS SERIES 2014 GENERALREDEMPTION No reportable securities for this statement period ASSET DETAIL MESSAGES

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57 Glossary Accretion - The accumulation of the value of a discounted bond until maturity. Adjusted Prior Market Realized Gain/Loss - The difference between the proceeds and the Prior Market Value of the transaction. Adjusted Prior Market Unrealized Gain/Loss - The difference between the Market Value and the Adjusted Prior Market Value. Adjusted Prior Market Value - A figure calculated using the beginning Market Value for the fiscal year, adjusted for all asset related transactions during the period, employing an average cost methodology. Amortization - The decrease in value of a premium bond until maturity. Asset - Anything owned that has commercial exchange value. Assets may consist of specific property or of claims against others, in contrast to obligations due to others (liabilities). Bond Rating - A measurement of a bond's quality based upon the issuer's financial condition. Ratings are assigned by independent rating services, such as Moody's, or S&P, and reflect their opinion of the issuer's ability to meet the scheduled interest and principal repayments for the bond. Cash - Cash activity that includes both income and principal cash categories. Change in Unrealized Gain/Loss - Also reported as Gain/Loss in Period in the Asset Detail section. This figure shows the market appreciation (depreciation) for the current period. Cost Basis (Book Value) - The original price of an asset, normally the purchase price or appraised value at the time of acquisition. Book Value method maintains an average cost for each asset. Cost Basis (Tax Basis) - The original price of an asset, normally the purchase price or appraised value at the time of acquisition. Tax Basis uses client determined methods such as Last-In-First-Out (LIFO), First-In-First-Out (FIFO), Average, Minimum Gain, and Maximum Gain. Ending Accrual - (Also reported as Accrued Income) Income earned but not yet received, or expenses incurred but not yet paid, as of the end of the reporting period. Estimated Annual Income - The amount of income a particular asset is anticipated to earn over the next year. The shares multiplied by annual income rate. Estimated Current Yield - The annual rate of return on an investment expressed as a percentage. For stocks, yield is calculated by taking the annual dividend payments divided by the stock's current share price. For bonds, yield is calculated by the coupon rate divided by the bond's market price. Ex-Dividend Date - (Also reported as Ex-Date) For stock trades, the person who owns the security on the ex-dividend date will earn the dividend, regardless of who currently owns the stock. Income Cash - A category of cash comprised of ordinary earnings derived from investments, usually dividends and interest. Market Value - The price per unit multiplied by the number of units. Maturity Date - The date on which an obligation or note matures. Payable Date - The date on which a dividend, mutual fund distribution, or interest on a bond will be made. Principal Cash - A category of cash comprised of cash, deposits, cash withdrawals and the cash flows generated from purchases or sales of investments. Realized Gain/Loss Calculation - The Proceeds less the Cost Basis of a transaction. Settlement Date - The date on which a trade settles and cash or securities are credited or debited to the account. Trade Date - The date a trade is legally entered into. Unrealized Gain/Loss - The difference between the Market Value and Cost Basis at the end of the current period. Yield on/at Market - The annual rate of return on an investment expressed as a percentage. For stocks, yield is calculated by the annual dividend payments divided by the stock's current share price. For bonds, yield is calculated by the coupon rate divided by the bond's market price. The terms defined in this glossary are only for use when reviewing your account statement. Please contact your Relationship Manager with any questions.

58 U.S. Bank 1555 N. Rivercenter Dr. Suite 300 Milwaukee, WI N SP P HACIENDA LAKES REAL ESTATE ECONOMETRICS INC ATTN RUSS WEYER 707 ORCHID DR STE 100 NAPLES FL

59 00- -M -N -PC Page 1 of 4 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 REVENUE SP P HACIENDA LAKES CDD SERIES 2016 ATTN RUSS WEYER DISTRICT MANAGER C/O REAL ESTATE ECONOMETRICS INC 707 ORCHID DR STE 100 NAPLES FL QUESTIONS? If you have any questions regarding your account or this statement, please contact your Account Manager or Analyst. Account Manager: JAMES J. AUDETTE EX-FL-UORT 225 E. ROBINSON ST., SUITE 250 ORLANDO, FL Phone james.audette@usbank.com Analyst: RAHANA JUMAN Phone

60 MARKET VALUE SUMMARY 00- -M -N -PC Page 2 of 4 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 REVENUE Current Period 12/01/16 to 12/31/16 Beginning Market Value $2.54 Ending Market Value $2.54 No activity qualifies for this statement period. MARKET VALUE SUMMARY MESSAGES

61 ASSET DETAIL AS OF 12/31/ M -N -PC Page 3 of 4 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 REVENUE Shares or Market Value/ Tax Cost/ % of Total Face Amount Security Description Price Unit Cost Yield at Market Est Ann Inc Cash Equivalents US Bank Mmkt 5 - Ct AMMF05B ** Total Cash Equivalents $2.54 $ Total Assets $2.54 $ ASSET DETAIL MESSAGES Time of trade execution and trading party (if not disclosed) will be provided upon request. Publicly traded assets are valued in accordance with market quotations or valuation methodologies from financial industry services believed by us to be reliable. Assets that are not publicly traded may be reflected at values from other external sources. Assets for which a current value is not available may be reflected at a previous value or as not valued, at par value, or at a nominal value. Values shown do not necessarily reflect prices at which assets could be bought or sold. Values are updated based on internal policy and may be updated less frequently than statement generation. For further information, please contact your Analyst. ** The Yield at Market set forth in this statement for any money market fund is based on the interest rate applicable to that money market fund as of the last business day of the statement period only and may not be relied upon as (i) a yield estimate for the statement period as a whole, or (ii) a guarantee of future performance.

62 TRANSACTION DETAIL 00- -M -N -PC Page 4 of 4 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 REVENUE Date Income Principal Tax Posted Description Cash Cash Cost Beginning Balance 12/01/2016 $.00 $.00 $2.54 EndingBalance 12/31/2016 $0.00 $0.00 $2.54

63 00- -M -N -PC Page 1 of 5 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 ACQUISITION AND CONSTRUCTION SP P HACIENDA LAKES CDD SERIES 2016 ATTN RUSS WEYER DISTRICT MANAGER C/O REAL ESTATE ECONOMETRICS INC 707 ORCHID DR STE 100 NAPLES FL QUESTIONS? If you have any questions regarding your account or this statement, please contact your Account Manager or Analyst. Account Manager: JAMES J. AUDETTE EX-FL-UORT 225 E. ROBINSON ST., SUITE 250 ORLANDO, FL Phone james.audette@usbank.com Analyst: RAHANA JUMAN Phone

64 MARKET VALUE SUMMARY 00- -M -N -PC Page 2 of 5 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 ACQUISITION AND CONSTRUCTION Current Period 12/01/16 to 12/31/16 Beginning Market Value $3,239, Contributions Adjusted Market Value $3,239, Investment Results Interest, Dividends and Other Income Total Investment Results $ Ending Market Value $3,239,765.79

65 ASSET DETAIL AS OF 12/31/ M -N -PC Page 3 of 5 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 ACQUISITION AND CONSTRUCTION Shares or Market Value/ Tax Cost/ % of Total Face Amount Security Description Price Unit Cost Yield at Market Est Ann Inc Cash Equivalents 3,239, US Bank Mmkt 5 - Ct 3,239, ,239, , AMMF05B ** Total Cash Equivalents $3,239, $3,239, $3, Cash Principal Cash - 1, , Income Cash 1, , Total Cash $0.00 $ Total Assets $3,239, $3,239, $3, ASSET DETAIL MESSAGES Time of trade execution and trading party (if not disclosed) will be provided upon request. Publicly traded assets are valued in accordance with market quotations or valuation methodologies from financial industry services believed by us to be reliable. Assets that are not publicly traded may be reflected at values from other external sources. Assets for which a current value is not available may be reflected at a previous value or as not valued, at par value, or at a nominal value. Values shown do not necessarily reflect prices at which assets could be bought or sold. Values are updated based on internal policy and may be updated less frequently than statement generation. For further information, please contact your Analyst. ** The Yield at Market set forth in this statement for any money market fund is based on the interest rate applicable to that money market fund as of the last business day of the statement period only and may not be relied upon as (i) a yield estimate for the statement period as a whole, or (ii) a guarantee of future performance.

66 CASH SUMMARY 00- -M -N -PC Page 4 of 5 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 ACQUISITION AND CONSTRUCTION Income Principal Total Cash Cash Cash Beginning Cash Balance as of 12/01/2016 $ $ $.00 Taxable Interest Cash Receipts Net Money Market Activity Ending Cash Balance as of 12/31/2016 $1, $1, $0.00

67 TRANSACTION DETAIL 00- -M -N -PC Page 5 of 5 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 ACQUISITION AND CONSTRUCTION Date Income Principal Tax Posted Description Cash Cash Cost Beginning Balance 12/01/2016 $ $ $3,239, /01/16 Interest Earned On US Bank Mmkt 5 - Ct Interest From 11/1/16 To 11/30/16 9AMMF05B2 12/02/16 Cash Receipt Transfer From Another Trust Paid From Account # /02/16 Purchased Units Of US Bank Mmkt 5 - Ct Trade Date 12/2/16 9AMMF05B2 Ending Balance 12/31/2016 $1, $1, $3,239,765.79

68

69 00- -M -N -PC Page 1 of 5 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 COST OF ISSUANCE SP P HACIENDA LAKES CDD SERIES 2016 ATTN RUSS WEYER DISTRICT MANAGER C/O REAL ESTATE ECONOMETRICS INC 707 ORCHID DR STE 100 NAPLES FL QUESTIONS? If you have any questions regarding your account or this statement, please contact your Account Manager or Analyst. Account Manager: JAMES J. AUDETTE EX-FL-UORT 225 E. ROBINSON ST., SUITE 250 ORLANDO, FL Phone james.audette@usbank.com Analyst: RAHANA JUMAN Phone

70 MARKET VALUE SUMMARY 00- -M -N -PC Page 2 of 5 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 COST OF ISSUANCE Current Period 12/01/16 to 12/31/16 Beginning Market Value $4, Investment Results Interest, Dividends and Other Income 0.35 Total Investment Results $0.35 Ending Market Value $4,264.87

71 ASSET DETAIL AS OF 12/31/ M -N -PC Page 3 of 5 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 COST OF ISSUANCE Shares or Market Value/ Tax Cost/ % of Total Face Amount Security Description Price Unit Cost Yield at Market Est Ann Inc Cash Equivalents 4, US Bank Mmkt 5 - Ct 4, , AMMF05B ** Total Cash Equivalents $4, $4, $4.26 Cash Principal Cash Income Cash Total Cash $0.00 $ Total Assets $4, $4, $4.26 ASSET DETAIL MESSAGES Time of trade execution and trading party (if not disclosed) will be provided upon request. Publicly traded assets are valued in accordance with market quotations or valuation methodologies from financial industry services believed by us to be reliable. Assets that are not publicly traded may be reflected at values from other external sources. Assets for which a current value is not available may be reflected at a previous value or as not valued, at par value, or at a nominal value. Values shown do not necessarily reflect prices at which assets could be bought or sold. Values are updated based on internal policy and may be updated less frequently than statement generation. For further information, please contact your Analyst. ** The Yield at Market set forth in this statement for any money market fund is based on the interest rate applicable to that money market fund as of the last business day of the statement period only and may not be relied upon as (i) a yield estimate for the statement period as a whole, or (ii) a guarantee of future performance.

72 CASH SUMMARY 00- -M -N -PC Page 4 of 5 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 COST OF ISSUANCE Income Principal Total Cash Cash Cash Beginning Cash Balance as of 12/01/2016 $ $1.08 $.00 Taxable Interest Net Money Market Activity Ending Cash Balance as of 12/31/2016 $ $1.43 $0.00

73 TRANSACTION DETAIL 00- -M -N -PC Page 5 of 5 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 COST OF ISSUANCE Date Income Principal Tax Posted Description Cash Cash Cost Beginning Balance 12/01/2016 $ $1.08 $4, /01/16 Interest Earned On 0.35 US Bank Mmkt 5 - Ct Interest From 11/1/16 To 11/30/16 9AMMF05B2 12/02/16 Purchased 0.35 Units Of US Bank Mmkt 5 - Ct Trade Date 12/2/16 9AMMF05B2 Ending Balance 12/31/2016 $ $1.43 $4,264.87

74

75 00- -M -N -PC Page 1 of 3 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 INTEREST SP P HACIENDA LAKES CDD SERIES 2016 ATTN RUSS WEYER DISTRICT MANAGER C/O REAL ESTATE ECONOMETRICS INC 707 ORCHID DR STE 100 NAPLES FL QUESTIONS? If you have any questions regarding your account or this statement, please contact your Account Manager or Analyst. Account Manager: JAMES J. AUDETTE EX-FL-UORT 225 E. ROBINSON ST., SUITE 250 ORLANDO, FL Phone james.audette@usbank.com Analyst: RAHANA JUMAN Phone

76 MARKET VALUE SUMMARY 00- -M -N -PC Page 2 of 3 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 INTEREST Current Period 12/01/16 to 12/31/16 Beginning Market Value $0.00 Ending Market Value $0.00 No activity qualifies for this statement period. MARKET VALUE SUMMARY MESSAGES

77 00- -M -N -PC Page 3 of 3 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 INTEREST No reportable securities for this statement period ASSET DETAIL MESSAGES

78

79 00- -M -N -PC Page 1 of 3 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 SINKING FUND SP P HACIENDA LAKES CDD SERIES 2016 ATTN RUSS WEYER DISTRICT MANAGER C/O REAL ESTATE ECONOMETRICS INC 707 ORCHID DR STE 100 NAPLES FL QUESTIONS? If you have any questions regarding your account or this statement, please contact your Account Manager or Analyst. Account Manager: JAMES J. AUDETTE EX-FL-UORT 225 E. ROBINSON ST., SUITE 250 ORLANDO, FL Phone james.audette@usbank.com Analyst: RAHANA JUMAN Phone

80 MARKET VALUE SUMMARY 00- -M -N -PC Page 2 of 3 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 SINKING FUND Current Period 12/01/16 to 12/31/16 Beginning Market Value $0.00 Ending Market Value $0.00 No activity qualifies for this statement period. MARKET VALUE SUMMARY MESSAGES

81 00- -M -N -PC Page 3 of 3 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 SINKING FUND No reportable securities for this statement period ASSET DETAIL MESSAGES

82

83 00- -M -N -PC Page 1 of 5 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 DEBT SERVICE RESERVE SP P HACIENDA LAKES CDD SERIES 2016 ATTN RUSS WEYER DISTRICT MANAGER C/O REAL ESTATE ECONOMETRICS INC 707 ORCHID DR STE 100 NAPLES FL QUESTIONS? If you have any questions regarding your account or this statement, please contact your Account Manager or Analyst. Account Manager: JAMES J. AUDETTE EX-FL-UORT 225 E. ROBINSON ST., SUITE 250 ORLANDO, FL Phone james.audette@usbank.com Analyst: RAHANA JUMAN Phone

84 MARKET VALUE SUMMARY 00- -M -N -PC Page 2 of 5 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 DEBT SERVICE RESERVE Current Period 12/01/16 to 12/31/16 Beginning Market Value $603, Distributions Adjusted Market Value $603, Investment Results Interest, Dividends and Other Income Total Investment Results $49.44 Ending Market Value $603,221.88

85 ASSET DETAIL AS OF 12/31/ M -N -PC Page 3 of 5 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 DEBT SERVICE RESERVE Shares or Market Value/ Tax Cost/ % of Total Face Amount Security Description Price Unit Cost Yield at Market Est Ann Inc Cash Equivalents 603, US Bank Mmkt 5 - Ct 603, , AMMF05B ** Total Cash Equivalents $603, $603, $ Total Assets $603, $603, $ ASSET DETAIL MESSAGES Time of trade execution and trading party (if not disclosed) will be provided upon request. Publicly traded assets are valued in accordance with market quotations or valuation methodologies from financial industry services believed by us to be reliable. Assets that are not publicly traded may be reflected at values from other external sources. Assets for which a current value is not available may be reflected at a previous value or as not valued, at par value, or at a nominal value. Values shown do not necessarily reflect prices at which assets could be bought or sold. Values are updated based on internal policy and may be updated less frequently than statement generation. For further information, please contact your Analyst. ** The Yield at Market set forth in this statement for any money market fund is based on the interest rate applicable to that money market fund as of the last business day of the statement period only and may not be relied upon as (i) a yield estimate for the statement period as a whole, or (ii) a guarantee of future performance.

86 CASH SUMMARY 00- -M -N -PC Page 4 of 5 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 DEBT SERVICE RESERVE Income Principal Total Cash Cash Cash Beginning Cash Balance as of 12/01/2016 $.00 $.00 $.00 Taxable Interest Cash Disbursements Ending Cash Balance as of 12/31/2016 $0.00 $0.00 $0.00

87 TRANSACTION DETAIL 00- -M -N -PC Page 5 of 5 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 DEBT SERVICE RESERVE Date Income Principal Tax Posted Description Cash Cash Cost Beginning Balance 12/01/2016 $.00 $.00 $603, /01/16 Interest Earned On US Bank Mmkt 5 - Ct Interest From 11/1/16 To 11/30/16 9AMMF05B2 12/02/16 Cash Disbursement Paid To Account # Transfer To Another Trust 1 EndingBalance 12/31/2016 $0.00 $0.00 $603,221.88

88

89 00- -M -N -PC Page 1 of 3 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 PREPAYMENT SP P HACIENDA LAKES CDD SERIES 2016 ATTN RUSS WEYER DISTRICT MANAGER C/O REAL ESTATE ECONOMETRICS INC 707 ORCHID DR STE 100 NAPLES FL QUESTIONS? If you have any questions regarding your account or this statement, please contact your Account Manager or Analyst. Account Manager: JAMES J. AUDETTE EX-FL-UORT 225 E. ROBINSON ST., SUITE 250 ORLANDO, FL Phone james.audette@usbank.com Analyst: RAHANA JUMAN Phone

90 MARKET VALUE SUMMARY 00- -M -N -PC Page 2 of 3 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 PREPAYMENT Current Period 12/01/16 to 12/31/16 Beginning Market Value $0.00 Ending Market Value $0.00 No activity qualifies for this statement period. MARKET VALUE SUMMARY MESSAGES

91 00- -M -N -PC Page 3 of 3 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 PREPAYMENT No reportable securities for this statement period ASSET DETAIL MESSAGES

92

93 00- -M -N -PC Page 1 of 3 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 GENERAL SP P HACIENDA LAKES CDD SERIES 2016 ATTN RUSS WEYER DISTRICT MANAGER C/O REAL ESTATE ECONOMETRICS INC 707 ORCHID DR STE 100 NAPLES FL QUESTIONS? If you have any questions regarding your account or this statement, please contact your Account Manager or Analyst. Account Manager: JAMES J. AUDETTE EX-FL-UORT 225 E. ROBINSON ST., SUITE 250 ORLANDO, FL Phone james.audette@usbank.com Analyst: RAHANA JUMAN Phone

94 MARKET VALUE SUMMARY 00- -M -N -PC Page 2 of 3 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 GENERAL Current Period 12/01/16 to 12/31/16 Beginning Market Value $0.00 Ending Market Value $0.00 No activity qualifies for this statement period. MARKET VALUE SUMMARY MESSAGES

95 00- -M -N -PC Page 3 of 3 ACCOUNT NUMBER: SPECIAL ASSESSMENTBONDS, SERIES 2016 GENERAL No reportable securities for this statement period ASSET DETAIL MESSAGES

96 EXHIBIT 4.

97

98

99