Tohoqua Community Development District

Agenda March 3, 2021

AGENDA

Tohoqua
Community Development District

219 East Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524- Fax: 407-839-1526
February 23, 2021

Board of Supervisors Tohoqua Community Development  District

Dear Board Members:

The regular meeting of the Board of Supervisors of Tohoqua Community Development District will be held Wednesday, March 3, 2021 at 9:00 AM at the Tohogua Amenity Center, 1830 Fulfillment Drive, Kissimmee, Florida 34744. Following is the advance agenda for the meeting:

Roll Call
Public Comment Period
Approval of Minutes of the February 3, 2021 Meeting
Consideration of Resolution 2021-10 Approving the Conveyance of Real Property Related to Stormwater Pond #10
Consideration of Resolution 2021-11 Finalizing Assessments for Assessment Area Two (Phase 2 Project)
Consideration of Resolution 2021-12 Finalizing Assessments for Assessment Area Three
(Phase 4A/ SA Project)
Consideration of Resolution 2021-13 Providing for the Removal and Appointment of Treasurer and Appointment of Assistant Treasurer
Staff Reports
Attorney
Engineer
District Manager's Report
Approval of Check Register
Balance Sheet and Income Statement
Amenity Manager's Report
Other Business
Supervisors Requests
Adjournment

The second order of business is the Public Comment Period where the public has  an  opportunity to be heard on propositions coming before the Board as reflected on  the agenda, and any other items.

The third order of business is the approval of the minutes of the February 3, 2021 Board of Supervisors meeting. The minutes will be provided under separate cover.

The fourth order of business is consideration of Resolution 2021-10 approving  the conveyance of real property related to stormwater pond #10. A copy of the resolution is enclosed for your review.

The fifth order of business is consideration of Resolution 2021-11 finalizing assessments for assessment area two (Phase 2 Project). A copy of the resolution is enclosed for your review.

The sixth order of business is consideration of Resolution 2021-12 finalizing assessments for assessment area three (Phase 4A/5A Project). A copy of the resolution is enclosed for your review.

The seventh order of business is consideration of Resolution 2021-13 providing for the removal and appointment of treasurer and appointment of assistant treasurer. A copy of the resotution is enclosed for your review.

The eighth order of business is Staff Reports. Section C is the District Manager's Report. Section 1 includes approval of the check register being presented. Section 2 includes the balance sheet and income statement for review. Section 3 is the Amenity Manager's Report. A copy of the report is enclosed for your review.

The balance of the agenda will be discussed at the meeting. In the meantime, if  you should  have any questions, please contact me.

Sincerely,

(;eotge S. :flint
District Manager

CC:	Jan A. Carpenter, District Counsel Eric Warren, District Engineer Peter Dame, Bond Counsel
Brett Sealy, Underwriter Darrin Mossing, GMS

Enclosures

MINUTES

MINUTES OF MEETING TOHOQUA
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Tohoqua Community Development District was held on Wednesday, February 3, 2021 at 9:00 a.m., at Tohoqua Amenity Center, 1830 Fulfillment Drive, Kissimmee, Florida

Present and constituting a quorum were:

Andre Vidrine	Chairman
Marcus Hooker	Vice Chairman
Jason Good (via phone)	Assistant Secretary
James Dowd	Assistant Secretary

Also present were:

George Flint	District Manager
Kristen Trucco	District Counsel
Eric Warren	District Engineer
Larissa Diaz	CALM
Marcia Calleja	CALM
Alan Scheerer	Field Manager
Chris Wrenn (via phone)	Pulte Home Company, LLC.
Peter Dame (via phone)	Akerman, LLC
Brett Sealy (via phone)	MBS Capital Markets
Sara Zare (via phone)	MBS Capital Markets
Mark Watts (via phone)	Cobb & Cole

FIRST ORDER OF BUSINESS	Roll Call
Mr. Flint called the meeting to order at 9:00 a.m. and called the roll. A quorum was present.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Flint: Only Board Members and staff are present.

THIRD ORDER OF BUSINESS	Approval of Minutes of the December 2,
2020 Meeting

February 3, 2021	Tohoqua CDD

Mr. Flint: Did the Board have any comments or corrections to the minutes? If not, we would ask for a motion to approve.
Mr. Vidrine: None.

On MOTION by Mr. Vidrine seconded by Mr. Dowd with all in favor the Minutes of the December 2, 2020 Meeting were approved as presented.

Modifications to Agenda (Added)
Mr. Flint: I would ask the Board to consider adding Resolution 2021-09. This is a cleanup resolution. We can add this as number nine and shift the other items down, if that’s acceptable. We need motion to amend the agenda to include the resolution.

On MOTION by Mr. Vidrine seconded by Mr. Hooker with all in favor adding Resolution 2021-09 to the agenda as Item 9 was approved.

Mr. Flint: Marcia, can you email that to Jason Good? I handed out hard copies. Ms. Calleja: Yes.

FOURTH ORDER OF BUSINESS	Financing Matters

Consideration of Resolution 2021-04 Adopting the Revised Second Supplemental Engineer’s Report for Phase 2 (Phase 2 Project) and Revised Supplemental Assessment Methodology for Assessment Area Two – Phase 2 Project
Mr. Flint: At the last meeting the Board approved a Supplemental Engineer’s Report and an Assessment Methodology for Phase 2. However, since that time, through  discussions between the Underwriter and Lennar, they decided to change their target assessment amounts, which impacted those reports. I think there may have been some other minor changes to the Engineer’s Report. Eric, if you wouldn’t mind, please present the Second Supplemental Engineer’s Report and let the Board know if there are any significant changes.
Mr. Warren: There were no significant changes. The documents for the Phase 2 Project were agreed to by Lennar and consistent with their documents. Phases 4A and 5A were included in this report. I wanted to make sure that they were separate.

February 3, 2021	Tohoqua CDD

Mr. Flint: Primarily, it was an effort to have the terminology consistent across the bond documents. The Supplemental Engineer’s Report and Assessment Methodology were consistent, so it was easier to follow in the Preliminary Limited Offering Memorandum (PLOM). If you look to the Assessment Methodology, behind Resolution 2021-04 and refer to the back of that report where the tables are, Table 1 does not change. That is the Development Plan consistent with 32 foot single-family and 50-foot single family lots for a total of 227 units or 187 Equivalent Residential Units (ERUs). The costs were taken from Eric’s Engineer’s Report. Those have not changed. Table 3 is the bond sizing, assuming the assumptions at the bottom, the 3.75% interest rate, 30-year amortization period, 8 months of capitalized interest (CI), 50% maximum annual debt and a $50,000 underwriter’s discount.  There is a projected par amount  of
$2,580,000. This is preliminary subject to marketing and pricing. Table 6 shows assessments reflected to a single-family home on a gross basis.  For a 32-foot lot, a homeowner would see a
$536.25 debt service assessment and $825 for a 50-foot lot. Table 7 is the Preliminary Assessment Roll. Phase 2 has been platted so we revised it to reflect all of the individually platted lots. Are there any questions on the revised Engineer’s Report or revised Supplemental Assessment Methodology for Phase 2? Hearing none, is there any staff input before the Board considers action on this resolution? If not, we need a motion to adopt Resolution 2021-04.

On MOTION by Mr. Vidrine seconded by Mr. Dowd with all in favor Resolution 2021-04 Adopting the Revised Second Supplemental Engineer’s Report for the Phase 2 Project and Revised Supplemental Assessment Methodology for Assessment Area Two, Phase 2 Project was approved.

Consideration of Resolution 2021-05 Adopting the Third Supplemental Engineer’s Report for Phase 4A/5A (Phase 4A/5A Project) and Supplemental Assessment Methodology for Assessment Area Three – Phase 4A/5A Project
Mr. Flint: This resolution is for Phase 4A and 5A. The Board did not consider action on this, although it was on the agenda for the last meeting. Pulte requested additional time, so the Board deferred action. The resolution considers the Third Supplemental Engineer’s Report for the Phase 4A and 5A Project and the Supplemental Assessment Methodology for Assessment Area 3, the Phase 4A and 5A Project. In the Engineer’s Report attached to this, I believe the  only changes from what was in your last agenda were necessary terminology changes to make

February 3, 2021	Tohoqua CDD

the terminology consistent. On the Assessment Methodology, the target assessment amounts reflected in here were revised. If you refer to the Supplemental Assessment Methodology for Phase 4A/5A, Table 1 shows the proposed Development Plan totaling 249 units or 194 ERUs. Table 2 shows the eligible improvement costs of $6.7 million. Table 3 shows the preliminary bond sizing, subject to pricing. There are the same assumptions as the Phase 2 report. That  would provide a total par amount of $2.690 million. The target assessments are in Table 6. A 33-foot multi-family duplex is $495 gross. A 32-foot lot would be $536.25. A 40-foot lot is about $660 and a 50-foot lot is $825. Are there any questions on the Engineer’s Report or Supplemental Assessment Methodology?
Mr. Vidrine: No questions.
Mr. Flint: Hearing none, we need a motion to adopt Resolution 2021-05.

On MOTION by Mr. Vidrine seconded by Mr. Hooker with all in favor Resolution 2021-05 Adopting the Third Supplemental Engineer’s Report for Phase 4A/5A and Supplemental Assessment Methodology for Assessment Area Three, the Phase 4A/5A Project was approved.

Consideration of Resolution 2021-06 Phase 2 Project Delegation Resolution

Consideration of Resolution 2021-07 Phase 4A/5A Project Delegation Resolution
Mr. Flint: Next are delegation resolutions for the Phase 2 and Phase 4A and 5A Projects. Mr. Peter Dame, the District’s Bond Counsel with Akerman, Senterfitt, is on the phone. Peter,  do you want to present those resolutions, starting with Phase 2 first?
Mr. Dame: Yes. I would be happy to do so. We prepared these resolutions for the District. The resolutions as George said, are authorizations for the bonds, which means they authorize the bonds to be issued in an amount not-to-exceed $3.5 million, and delegate to the Chairman or Vice Chairman the authority to execute a Bond Purchase Contract for the sale of those bonds to the Underwriters within certain parameters, which are specified in Section 5 of the contract. The important parameters are the not-to-exceed amount of $3.5 million and the  final maturity not-to-exceed May of 2052. The resolutions also approve the various contracts, agreements and offering documents to be used in connection with the sale of the bonds and authorize staff and Board Members of the District to take actions necessary to market, sell and

February 3, 2021	Tohoqua CDD

close on the bonds. There is a stack of exhibits if you printed your agenda and we are happy to go through any questions you may have on the resolution or any of those exhibits.
Mr. Flint: Are there any questions for Bond Counsel? If not, the first resolution is Resolution 2021-06, a delegation resolution for the Phase 2 project. We need a motion for approval.

On MOTION by Mr. Vidrine seconded by Mr. Dowd with all in favor Resolution 2021-06 Phase 2 Project Delegation Resolution was approved.

Mr. Flint: Then we have Resolution 2021-07 for the Phase 4A/5A Project. We need a motion for approval.

On MOTION by Mr. Vidrine seconded by Mr. Dowd with all in favor Resolution 2021-07 Phase 4A/5A Project Delegation Resolution was approved.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2021-08
Ratifying E-Verify System
Mr. Flint: This is a Federal system that is in place, dealing with the verification of U.S. citizenship and the ability of people to legally work. That law applied to Federal agencies and any contractors that worked for Federal agencies were subject to this. Governor DeSantis in the last Legislature extended this to the State of Florida. So, effective on January 1st, any local Governments including Special Districts like CDDs, have to register on the E-Verify System. We also require for any contracts we enter into after January 1, the contractor must provide evidence that they registered and are monitoring their subcontractors. Although we don’t have any employees, we are still required to register. District Counsel provided sample language that will be included in any contracts going forward. As part of the registration system, we have to enter into a Memorandum of Understanding with the Department of Homeland Security (DHS). So, this resolution basically authorizes or ratifies our action entering into that agreement.
Ms. Trucco: We have to confirm that a contractor or subcontractor have been registered in the E-Verify System. I think George covered it. This resolution approves and ratifies actions

February 3, 2021	Tohoqua CDD

that were taken to date to comply with the E-Verify System and delegate to District Staff, Chair and Vice Chair to take any actions necessary moving forward to ensure compliance with the law. Mr.  Flint:	Its really administrative, but the fact that we have to enter into these Memorandums of Understanding with DHS, technically takes Board action to do that. Are there
any questions on the resolution? If not, we need a motion to approve it.

On MOTION by Mr. Vidrine seconded by Mr. Hooker with all in favor delegating authority to District management staff to enroll the District in the E-Verify System and handle all administrative matters as evidenced by Resolution 2021-08, was approved.

SIXTH ORDER OF BUSINESS	Consideration of Proposal with Bio-Tech
Consulting,	Inc.	for	Environmental Services
Mr. Scheerer: The Board may be aware that there is an agreement between Bio-Tech Consulting (Bio-Tech) and Tohoqua Development Group. We reached out to Bio-Tech to provide us with the proposal that is in your agenda package for monitoring and maintenance of the wetlands within Tohoqua. We are just looking for the Board to approve that.
Mr. Flint: The agreement is retroactive from August 28th. So, any costs incurred after August 28th is the District’s responsibility under this agreement. I believe that date coincides  with when the District was named the operating entity for upgraded maintenance. Since we are technically entering into this after January 1st, although its dated August, we probably need that E-Verify language attached to it. Are there any questions on the agreement? If not, we need a motion to approve it.

On MOTION by Mr. Vidrine seconded by Mr. Dowd with all in favor the Proposal with Bio-Tech Consulting, Inc. for Environmental Services was approved.

SEVENTH ORDER OF BUSINESS	Ratification of Data Sharing and Usage
Agreement with Osceola County Property Appraiser
Mr. Flint: This is an agreement with the Property Appraiser for the District to use the  Tax Bill as a collection method for your assessments. We have to enter into agreements with the

February 3, 2021	Tohoqua CDD

Property Appraiser and Tax Collector. This agreement also deals with confidentiality provisions. Any information that is provided from the Property Appraiser to the District is confidential. We are agreeing that would remain confidential under this agreement. This is a standard agreement that most if not all Property Appraisers in the State are requiring, not necessarily this exact form, but some form of this agreement as a result of some legislative changes a couple of years ago. Are there any questions on the agreement? Because of timing issues with the Board’s meeting schedule, I executed this on behalf of the District earlier this month and I’m asking the Board to ratify that action.

On MOTION by Mr. Vidrine seconded by Mr. Dowd with all in favor the Data Sharing and Usage Agreement with Osceola County Property Appraiser, was ratified.

EIGHTH ORDER OF BUSINESS	Ratification	of	Corrective	Deeds
Regarding Tract H
Mr. Flint: Is this the same as the resolution?
Ms. Trucco: Its actually different. There are two corrected deeds. You may recall a few months back that Tract H was conveyed by Tohoqua Development Group. It turned out that a portion of Tract H, the small triangle pieces, were already conveyed by the developer to Lennar Homes. So, the attorney for Tohoqua Development drafted some corrective deeds to correct the situation. There is a Special Warranty Deed in Exhibit A and a Quit Claim Deed from the District to Lennar Homes conveying that small triangle piece that was never intended to be conveyed to the District. In addition, a corrective Special Warranty Deed was drafted by that attorney to convey Tract H to the District, minus that triangle piece that was already conveyed to Lennar Homes. So, these were already recorded. We are just looking for Board ratification of this corrected conveyance. We have to include an addendum to the initial District Engineer’s certificate certifying that error was approved in this corrected conveyance. If you have any questions, we are happy to try to answer them. Otherwise, we are looking for a motion to ratify this corrected conveyance.

On MOTION by Mr. Vidrine seconded by Mr. Hooker with all in favor the Corrective Deeds for Tract H was ratified.

February 3, 2021	Tohoqua CDD

NINTH ORDER OF BUSINESS	Consideration of Resolution 2021-09
Approving	the	Conveyance	of	Real Property
Ms. Trucco: This resolution is similar.  Neptune Road Investments, LLC. conveyed to  the District a tract of land. During the recent development of adjoining land, it was discovered  by the Title Company and Neptune Road that the legal description included a small sliver of right-of-way (ROW) on Fulfillment Drive that was never intended to be conveyed to the District. So, the developer reached out to the District and asked us to deed that small sliver of Fulfillment Drive back to the developer. We reviewed it and agreed that it was not supposed to be conveyed to the District, so we drafted a quick Special Warranty Deed and also the Certificate of District Engineer, which is certified before we can transfer or accept property. So, we are looking for a motion to approve the conveyance and delegate authority to the Chair and Vice Chair to execute any documents related to the conveyance that are necessary after District Counsel and the District Engineer reviewed them and signed off on the conveyance.

On MOTION by Mr. Vidrine seconded by Mr. Dowd with all in favor the adoption of Resolution 2021-09 Conveying a Sliver of Right-of-way on Fulfillment Drive to the developer and delegating authority to the Chair and Vice Chair to execute any documents related to the conveyance after District Counsel and the District Engineer review was approved.

TENTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Flint: Kirsten, do you have anything else for the Board?
Ms. Trucco:	I have nothing else to report to the Board.	I’m just working on some additional cleanup conveyances and reviewing bond documents for the two bond issues.

Engineer
Mr. Flint: Eric, do you have anything from the District Engineer? Mr. Warren: No.

District Manager’s Report
Approval of Check Register

February 3, 2021	Tohoqua CDD

Mr. Flint: You have the Check Register in your agenda package from November 24,  2020 through January 27, 2021 for the General Fund and payroll totaling $212,980.97. It includes some transfers to the Trustee of debt service revenue. Anywhere you see, “Tohoqua CDD care of US Bank,” is just moving assessment revenue that was transmitted to us to the Trustee for paying debt service. Are there any questions on the Check Register?  If not, we need a motion to approve.

On MOTION by Mr. Vidrine seconded by Mr. Hooker with all in favor the Check Register from November 24, 2020 through January 27, 2021 in the amount of $212,980.97 was approved.

Balance Sheet and Income Statement
Mr. Flint: We have the Unaudited Financials through December 31st, which represents the first three months of Fiscal Year 2021. No action is required by the Board, but if there any questions, we can discuss those.

Amenity Manager’s Report
Mr. Flint: Marcia?
Ms. Calleja: Yes. Good morning, everybody. We ordered a nine bicycle bike rack. It should be here in about six to eight weeks. Also, three benches were ordered for the main playground. Again, it will take six to eight weeks. Repairs as indicated in the report were made. We also started to ease into events. This month is Papa John’s Homeowners Appreciation Day, where residents will receive 30% off of their pizza. There will also be a food truck social.  As  the months progress, we will ease into it slowly. A Usage Report was also provided. It indicates normal usage that the Fitness Center is getting. We received resident requests to add TVs and mirrors to the Fitness Center. We also had residents ask us for a dog park. That’s all I have.
Mr. Flint: Are there any questions for Marcia? Hearing none,

ELEVENTH ORDER OF BUSINESS	Other Business
Mr. Flint: Is there any other business the Board would like to discuss that was not on the agenda? Hearing none,

February 3, 2021	Tohoqua CDD

TWELFTH ORDER OF BUSINESS	Supervisors Requests
Mr. Flint: Is there anything else from the Board? Hearing none,

THIRTEENTH ORDER OF BUSINESS	Adjournment
Mr. Flint: If there’s nothing further, we need a motion to adjourn.

On MOTION by Mr. Vidrine seconded by Mr. Hooker with all in favor the meeting was adjourned.

Secretary / Assistant Secretary	Chairman / Vice Chairman

SECTION IV

RESOLUTION 2021-10

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TOHOQUA COMMUNITY DEVELOPMENT DISTRICT APPROVING THE CONVEYANCE OF REAL PROPERTY AND IMPROVEMENTS FROM NEPTUNE ROAD INVESTMENTS, LLC TO THE TOHOQUA COMMUNITY DEVELOPMENT DISTRICT RELATED TO STORMWATER POND NUMBER 10; APPROVING THE CONVEYANCE OF IMPROVEMENTS FROM TOHOQUA DEVELOPMENT GROUP, LLC TO THE TOHOQUA COMMUNITY DEVELOPMENT DISTRICT RELATED TO STORMWATER POND NUMBER 10; AUTHORIZING DISTRICT STAFF AND THE CHAIRMAN TO REVIEW, EXECUTE AND DELIVER ACCEPT ALL DEEDS AND OTHER DOCUMENTS TO EFFECTUATE SUCH CONVEYANCE; PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE.

WHEREAS, the Tohoqua Community Development District (the "District") is a  local unit of special purpose government duly organized and existing under the provisions of the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the "Act"), by Osceola County Ordinance 2017-57 (the "Ordinance"); and

WHEREAS, the District has the authority, generally under the  Act and the Ordinance, and specifically under Section 190.012, Florida Statutes, to acquire real property and improvements for, among other things, the purposes of operating and maintaining systems, facilities, and basic infrastructure within the District; and

WHEREAS, the District has the authority, generally under Florida Law and the Act, and specifically under Section 190.011(7)(a), Florida Statutes, to acquire, dispose of any  real  property and improvements, dedications or platted reservations in any manner so long as it is in the best interest of the District; and

WHEREAS, the District has issued it's $2,165,000 Tohoqua Community Development District Special Revenue Bonds, Series 2018 ("2018 Bonds") which shall, in part, pay for the acquisition of certain infrastructure within a portion of the first phase of the Tohoqua Development (the "Series 2018 Project"); and

WHEREAS, Neptune Road Investments, LLC, a Florida limited liability company ("Neptune"), has proposed the transfer to and acceptance  by the District of certain real property, as part of the Series 2018 Project, as more particularly described in Composite Exhibit "A" attached hereto and incorporated herein by this reference (the "Real Property"); and

WHEREAS, Neptune and the Tohoqua Development Group, LLC, a Florida limited liability company ("TDG"), have proposed the transfer to and acceptance by the  District  of certain public improvements located on the Property, as part of the Series 2018 Project, as more particularly described in Composite Exhibit "A" attached hereto and incorporated herein by this reference (the "Improvements"); an

WHEREAS, subject to the final review of District staff, which includes,  but  is  not limited to, the District Engineer, District Counsel and the District Manager, Neptune and TDG have substantially complied with the requirements for conveyance of the Property and Improvements to the District.

NOW, THEREFORE, BE IT RESOLVED by  the  Board  of  Supervisors  of  the Tohoqua Community Development District (the "Board"), as follows:

Incorporation of Recitals. The above recitals so stated are true and correct and by this reference are incorporated into and form a material part of this Resolution.

Approval of Acquisition of the Real Property and Improvements. The Board hereby approves the acceptance of the Real Property and  Improvements  and the acceptance  of the documents related thereto attached hereto as Exhibit "B," together with all other documents relating to the conveyance and acceptance of the Real Property and Improvements (the "Conveyance Documents"), subject to the final review and sign off  of  District  Staff. Furthermore, the Board approves the transfer of the South Florida Water Management District's Individual Environmental Resource Permit Number 49-100696-P, to the District as the operating entity.

Delegation of Authority to Chairman. Upon District  Staff's  review  and approval of the Conveyance Documents and any documentation reasonably associated  with  the conveyance described herein, the Chairman of the Board (the "Chairman") is authorized to negotiate and accept the Conveyance Documents  on behalf of the District.  The Chairman  shall be authorized to negotiate, execute and deliver any other document necessary to effectuate the intent of this Resolution. The  terms and conditions  of all documents  to be accepted or executed in connection with any of the foregoing shall be acceptable by the District Staff and  the  Chairman, and the execution, acceptance and delivery of any such document or instrument by the Chairman shall constitute conclusive evidence that the terms and conditions contained in said documents have been approved by the District.

Authorization of District Staff. The District Staff, which shall include the District Manager, District Counsel, District Bond Counsel and the District Engineer, are hereby  authorized on behalf of the District to take such actions and to implement the  foregoing provisions as deemed necessary or appropriate, including the preparation of any necessary documentation and the performance of any actions necessary  or prudent to effectuate  the intent of this Resolution.

Severability. If any section, paragraph, clause or provision  of  this  Resolution shall be held to be invalid or ineffective for any reason, the remainder of this Resolution shall continue in full force and effect, it being expressly hereby found and declared that the remainder

of this Resolution would have been adopted despite the invalidity or ineffectiveness of such section, paragraph, clause or provision.
Effective Date. This Resolution shall take effect immediately upon its adoption.

[Continued  to Following Page]

PASSED in public meeting of the Board of Supervisors of the Tohoqua Community Development District, this 3rd day of February, 2021.

Attest:

TOHOQUA COMMUNITY DEVELOPMENT DISTRICT

By: _ _ _

_ _ _

_ _ _ _ _ _ _

- - - - - - - - - - -

Print:
Secretary/Asst. Secretary

Print: -- - - - - - - - - - - - -
Title: - - - - - - - - - - - - - - -

COMPOSITE  EXHIBIT "A"

Description of Real Property & Improvements

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CO!'li:o eostorl.i,; /lo.tip o rodfus of 43:.ao 1'Ht -mtl o c«1traf ot'f!JI,; of .Utu'za'; thml:d ntr1 norlhmy. a/ottg th• (lrC of •tlid c:w--, o di&tan= of .2t!,76 liNt to th•  point  of  toapi"y th#fff/  tl'ltltrc• nm  N 21."37'4-7" E; a  dbltance ol Z2;ff fNt to o point of CWI/Otwfl of a cur111t, -	aoutl'ISQ\ffilrl)( how:lg a of 45..0Q ffet '(ffl(J a amt,ot t;fflfll.- of  51'33'01')' thfflc. Ml  l'ttlrl'--tllfly, tllMg IN!		of sold
a di'll!iooiin of '"14' wt to lftCI ptllnt  of lvn;ency	tfl«lr:11 ""' N 7.rf0'48" E; 11 diat®w of M,Q1
tlreince run N 27'4.2'28"' E;. o distance al 44.36 fNt to the PctNr OF B£'QNNINC;•

,_,,.,,,,,,i_/ ,,_)'__..,, 	,..,.
Sktltt.:h  of Oacrlptfon
"'  lonl# .,,,.,,II,
$,,cllon £ To11nshp 2S Sautn, Rang,, .-SO Eat
Ollcflola Cout'IIJ' F1orlda

THC n'.CMM l1IWNE1J ¥AND
NO.I		
l'!lfljf#,,//1 "If:,,.._,..,.,.
-!"M-t ,Of --.r
lllfflf/<lll!!'!Mt
 		lncfG:.!1:l'!(JCIM.-"',      	  
!-t--
------_-.-,-..-,-,,-,,-.-,.-•-.-,-,.-.-..-,-,--.-.·.-,.·.·,.·. ········,_· s...   ..,	, _    Pofn.t of-	-    -    -    -
_	..  .,.,... ,,...,,.	----	..,,.,_,	mg	

L11

1111 /II ,it te f#
,,..,. ._..,.,._,_	ShHt  2  of  .J
{IIIIIM--1'$	

J.JN£	BDRiNO
= .	lDICTff	
Lt	S U "l .r0	E'	87. 511'	
1.2	$ 2 P Z21!r W	SM !J	
t.,	s 1n t1'45" E	6 4.12"	
l.4	S OIIWJ'4- £	124.ar	
LS	S 3 t'55 '01"' W	279. 69'	
1.6	s 75'54':l.J"' 'II	BIUJJJ'	
L7	N 80 .. W	n.s,·	
{.(I	N ni "t4' 0B W	25,  ..n  ·	
l.!I	N 48"32'2/l" Ill	U U 4'	
LJ f)	N 1226 '4:r W	t H.. 66 '	
1-1,	"   ,:,    ..,.,.,,	E:	2.2.d '	
U2	N 7J'1C 4tr E'	509..5 7'	
L1S	N 2r42'2tl" C	44',.;}6	

 	---°"-	

Shfft ;J of J

Description of Improvements

Stormwater pond and related facilities, landscaping, improvements and equipment, constructed in accordance with the South Florida Water Management District Individual Environmental Resource Permit No. 49-100696-P.

EXHIBIT "B"

INDEX

Special Warranty Deed

Bill of Sale and Assignment B-3	Owner's Affidavits
B-4	Agreement Regarding Taxes B-5	Certificate of District Engineer

Prepared by and Return To:
Nelson Mullins Riley & Scarborough LLP Attn: Jo 0. Thacker, Esq.
390 N. Orange Ave., Suite 1400
Orlando, Florida 32801

SPECIAL WARRANTY DEED

THIS SPECIAL  WARRANTY  DEED is made effective as of  the  	

day of January

2021, by NEPTUNE ROAD INVESTMENTS, LLC a Florida Limited Liability Company whose mailing address is 4750 The Grove Drive, Suite 220, Windermere, FL 34786 (the "Grantor"), to the TOHOQUA COMMUNITY DEVELOPMENT DISTRICT, a Florida community development district, whose address is c/o Governmental Management Services - Central Florida, LLC, 219 E. Livingston Street, Orlando, FL 32801 (the "Grantee").

WITNESSETH:

THAT Grantor, for and in consideration of the sum of Ten Dollars  and  no/dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, has granted, bargained, sold and conveyed, and by these presents does grant, bargain, sell and convey unto Grantee all of that certain real property located in Osceola County, Florida, more particularly described on Exhibit "A" below (the "Property").

TOGETHER WITH all improvements, tenements, hereditaments and appurtenances thereto belonging or in anywise appertaining.

TO HAVE AND TO HOLD the same in fee simple forever.

FURTHER, Grantor hereby covenants with said Grantee that Grantor  is lawfully seized of the Property in fee simple; that Grantor has good, right and lawful authority to sell and convey the Property, and hereby fully warrants the title to the Property is free from all encumbrances except for restrictions, covenants, conditions, easements and other matters of record (provided, however, that reference thereto shall not serve to re-impose same) and  taxes  for the year  2021 and subsequent years, and that the Grantor will defend the same against the claims of all persons claiming by, through or under Grantor, but against none other.

[SIGNATURE PAGE TO FOLLOW]

4835-0815-7398 v. l l 50115/00001

IN WITNESS WHEREOF, Grantor has caused these presents to be duly executed in its name and by those thereunto duly authorized, the day and year first above written.

WITNESSES:	GRANTOR:

Print Name: 	_

Print Name: 	_

NEPTUNE ROAD INVESTMENTS, LLC a
Florida Limited Liability Company

- - - - - - - - - - -

By:
Name: Robert L. Secrist III Title: Manager

STATE OF FLORIDA COUNTY OF ------
The  foregoing  instrument   was  acknowledged  before  me  by  means of  ( 	J physical

presence or ( 	) online notarization this

_	day of _ _ _

_ _ _ , 2021, by Robert L.

Secrist, III, as Manager of NEPTUNE ROAD INVESTMENTS, LLC a Florida limited liability company, on behalf of the company. He is(   ) personally known to me or(   ) have produced a valid driver's license for identification.

Print Name:

-----------

NOTARY PUBLIC STATE OF FL
Commission No. 	_ My Commission Expires: 	_ (Notary Seal)

Exhibit "A" Property

		

Legal Ouc:ri,tkzn
A portlon of Sllctfon tr, ToWMli+:i  26 South,. Range JO E	°""'1/o Coultt.)I Flt1dtfo.	as fofiow«
CQ/Mienc;J 9t wtttllrly most r;omt1r  of $4rd Tnmt ""G: WHOQUA. -  PHAS£ t,  ordlng to  plot  fMrtlOf.  ,,_  recardf/d In Piqt filook 2$,  Atges 173 throogh 1 t, PubJk;	of ola Coc,nt Fl ; t.luttloe run  S 62'f7'32"  E;.  ot,:wJ  the   stJIJt:ht/rly liM  of	T ct  "'G",  a  tltft of;lt4.55  !Ht  1'11'  thi,
POINT CF BEGINNJNG; thtm'°" ®'Ptrnw S 62"tTJ.2" C, 11 di	r,f 87.58 foet; tt,ml//(;f, dt;(l(Jrtin9 IKlkl
B01Jtit6rfy llffllO, nm S 27'42'2/J" o distance of 37. t5 fftt: fmmct1 llJII  S 1778'45" £. a dls.tanM of 64.12 te.,f,;  t/'tfmU  Mt   $ ff':5a'J,t." E; #  t/t-sftlf'IC;tl! qf  1/J-',(),J  r.t to O  pollli of IIUtWWt'4'  t;,f  Ill  ®IW', iii!
..,.t,,rl)'  hamg '1  rodfus  of  45.00  fNt  and  a "4tral onr,I"'  of  .J8"47'.J5"';  1.11-. nm -fhflrl olq lh"'
-      of  said cur  odfatoncw  ot   J(U7  fHt   ta        pdttt  of  t	tliNl!IO   tbtttru         S  .Jt'S5 t•  w;  o d/!rio,,¢tt  of  2'19,69  fefl  l:o o   t      of Rl'Nt ofi:i ®	Cll)l:ICOll!I norlfl-kr'..14 halilttg o rot:IJu• of -f6.00 feet ofld o et:ntrot G'l!fJle of    "'11 tMl!t:e nm -th'llfftetfy. d.Oflf       ore  of $dd.	i:r dhitotiCr/t of
.:H.55  r.t  to  ths  point of  tangency thereof;   thfflJCB  nm  S  16'54'»• W. {1    dlstar,r;ip  of  86.99  fNt   to  o
point  of	of   o  CUl'Yllj   conco.wi  narthtlrlJt  howrg  a  rati/'UE, of  45.00  fut    Ol'ld  o  cmtn:d angle of
.?3!.l9'48"';  thenct, n.tn  I	Q/Ql'lf ' tl'/6 •c of oold cur.., o dflltam:. of Uf.59 frtot to the pofnt of tMfeiitCY    of; titOt>C>O- nm   N 80"25'311" W. a  tiilttom:IJ! of  2(1.67 (Mt; thCIICf: nm  N 7:j"J4'0S"    o
d§toriw  of 251.ZZ  wt  to  a  po{?I.  of  tMWture Qf  a  Clll"IIIII  QllllCOIIIJ  norll'Hlalit,rf  fHlmg  a	af ◄5.00
!Nt   and  o  central ""r,t. af  28¥1'40•:  th«m:'1 .run na-1/twat«irl.)I  ofong  O'le  arc of  said  adlst01Jc. of
22.!J4. teot to  tt?e p.olf!t  tM(lfflcy  therfff:  ti!«>"  t1t>1  /ti  ff '2s• i.: a <Rilt®ce  or  t9.t+  fHt  to o [X1lt,t of  cur,,olu,. of a	CV!tt#IC 11orlh-tt:rl.14 h!Nfltg a !!TJ.ditJ• of 45.0D fffl onti a cott,,a/ tll'IIJfe of J41'Jlj'46";  thenc• nm  INlrlhJIVlfhlr't.14  a#onfl  the   an: of  oo!d  _,.,  adhd.liTffCB  af 26..lB Ifft  to  thfl  pwit  of
fangt16111y  tiltlnlof;  th«let1 /'IHI N 1226'4.ll"	o  d{ttt1111ce of  194,66  felllt  to  a  point  at  CllnlatUl'I!  of a CW'W,
c«1¢01"e terl;n hOWJIJ a fodlu• of 4$.00 ffft 0ml a w,lrfli Ol.l{;fc! of $4"04'28; thMC4! run norlhmy. a/MIJ tfl"' arc of said iwrw. a df.tat1" of 26.76 fNt  tP tile pQ/nt  of tongWioy  th'eraof.  l.nf1n«I  nm N 2t"37'4,r'  E;  a  dlatcm:e of  22.B!I .liiHd.  to  a  point  of  a.tn'IIM'tl  af  o  cur.., -001111 5(1!1thBtn, hamg  a
rQd/1;11  of  ◄f;.00  (ff(  OM  fl  CMwl  r:tl'lfµ  of 5t J"Ot":   ti!Mct 11111  norl	tt..      of  11441
a di;tonw of 40.49 fl/ltlt to !tic pwit af tang«,rcy thfN'oof: then mr N TS11J'48" £. o dlstMcc, .of !Jl)g,57
fNt: filfln<» nm N 27"42'26• E: a dlaf(IIIC(I af .U.Jfl re.t to th11 POtNr OF BE:GINNINC:.

. 	,,
11111,.,.,	_	,,,._ """.....,.,.

Stn:llon B. Towmrhp 26- South, Ronp .JO Eat
o.cnta Count)', n,,,.ld,a	

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$1mi,$0HNO, 1		
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Plr,t Bacir 2',	17.J iMoufllll' 181
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u	S 62'17'32" E	:Bn7..5,B·'	
tfl	S 21"#2 IF		
L1	S t1"18'4!1" E	Kf2'	
L4	S 0611it'a,(." E	12.f.DS'	
l.S	S 3t55'0.t" W	zn.n·	
L6	S 75543.J" W	lltl.9!1.	
ll	N so--:z:;·» • If	2tU7'	
€.8	N J'S-,,(.•08 • W	Z5t.22'	
1.9'	N 48'.12:.m" It'	l!J.14'	
t.10	N 1.2'26'42'" W	I H . 85 '	
Lit	N '1 7'41" c	22.119'	
U2	N 1;no-,a- E	50,.:,,	
LU	N zr-12'2tr £	.U.35	

BILL OF SALE AND ASSIGNMENT
Conveyance of Stormwater Pond#10

THIS BILL OF SALE AND AGREEMENT (the "Agreement") is made as of this
day of February, 2021, is given to the TOHOQUA  COMMUNITY  DEVELOPMENT DISTRICT (hereinafter referred to as the "District"), a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, whose address is c/o Governmental Management Services - Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801, by NEPTUNE ROAD INVESTMENTS, LLC, a Florida limited liability company (hereinafter referred to as the "Neptune"), whose address is 4750 The Grove Drive, Suite 220, Windermere, Florida 34786, and TOHOQUA DEVELOPMENT GROUP, LLC, a Florida limited liability company (hereinafter referred as "TDG"), whose address is 4750 The Grove Drive Suite 220, Windermere, Florida 34786.

RECITALS

WHEREAS, Neptune owns certain real property as described in the attached Exhibit "A"
(the "Land");

WHEREAS, Neptune and TDG have constructed a stormwater pond and related facilities, piping, improvements and equipment on the Land, as more fully described in Exhibit "B" attached hereto and incorporated herein by this reference (collectively, the "Improvements"); and

WHEREAS, Neptune, TDG and the District find it to be in the best interest of all parties for the District to perpetually own, operate and maintain the Land and Improvements as a part of the master stormwater system for the benefit of the District's landowners; and

WHEREAS, Neptune and TDG desires to convey the Improvements to the District to allow such perpetual ownership, operation and maintenance, and the District desires to accept such ownership, operation and maintenance.

WITNESSETH

KNOW ALL MEN BY THESE PRESENTS that Neptune and TDG, for and in consideration of the sum of Ten and 00/100 Dollars ($10.00) lawful money of the United  States, to it paid by the District, the receipt of which is hereby acknowledged, has granted, bargained, sold, transferred and delivered, and by these presents does grant, bargain, sell, transfer, set over and deliver unto the District, its executors, administrators and assigns, and the District hereby accepts, all of Neptune's and TDG's right, title and interest in and to the Improvements, to have and to hold the same unto the District, its executors, administrators and assigns forever, together with all of the Neptune's and TDG's right and title to any and all contracts, warranties, guarantees, permits, approvals and similar rights in favor of or which may have accrued to Neptune and TDG from any and all persons, firms, agencies or corporations who have performed work or labor or supplied goods, materials or services to or for the benefit of or comprising any part of the Improvements to the extent they are assignable, together with any related documents, materials, data, letters, and agreements, to have and to hold unto District, its successors and assigns, to and

for its or their use, forever.

Neptune and TDG agree that any of the above-referenced contracts, warranties, permits, approvals and guarantees which are not assignable by their terms or in respect of which consents to their assignment are required but are not available, shall be held in trust for the District by Neptune and TDG (and, ifrequired, performed by Neptune and TDG on behalf of the District) and all benefits derived thereunder shall be for the benefit of the District.

Neptune and TDG represent and warrant to the District that Neptune and TDG have good and lawful right, title and interest in the Improvements and that the Improvements are free and clear of any and all liens or encumbrances, that the Improvements are in good working conditions, and as of the date hereof, there are no defaults or violations of the terms and conditions of any contracts, warranties, permits, approvals and guarantees.

The above recitals are true and correct and are incorporated herein by reference.

This Bill of Sale may be executed in any number of counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same instrument.

/SIGNATURES APPEAR ON THE FOLLOWING PAGES]

COUNTERPART SIGNATURE PAGE TO BILL OF SALE AND ASSIGNMENT
Conveyance of Stormwater Pond #10 Improvements

IN WITNESS WHEREOF, Neptune Road Investments, LLC has executed this  Bill of Sale and Assignment as of the date first above written

WITNESSES:	NEPTUNE ROAD INVESTMENTS, LLC,
a Florida Limited Liability Company
Signed, sealed and delivered in the presence of:

Print Name: - - - - - - - - -

Print Name: 	_

By  :	­
Name: Robert L Secrist, III
Title: Manager

STATE OF FLORIDA

COUNTY OF -------
The foregoing instrument was acknowledged before me by means of LJ physical presence
or LJ  online  notarization,  this 		day of ·_	_	_	_   2021,  by  Robert  L Secrist, III,  as a
Manager of NEPTUNE ROAD INVESTMENTS, LLC, a Florida Limited  Liability  Company. He or she LJ is personally known to me, or LJ have produced a valid driver's license for identification.

Notary Public; State of Florida
Print Name: . 	_ My Commission Expires: 		_ My Commission No.: 	_

(NOTARY SEAL)

COUNTERPART SIGNATURE PAGE TO BILL OF SALE AND ASSIGNMENT
Conveyance of Stormwater Pond #10 Improvements

IN WITNESS WHEREOF, Tohoqua Development Group, LLC has executed this Bill of Sale and Assignment as of the date first above written

WITNESSES:	TOHOQUA DEVELOPMENT GROUP,
LLC, a Florida limited liability company
Signed, sealed and delivered in the presence of:

Print Name: 	_

By_

:_ __________

Print Name: 	_

Name: -------------
Title: - - - - - - - - - - - - - -

STATE OF FLORIDA

COUNTY OF - - - - - - -
The foregoing instrument was acknowledged before me by means of LJ physical presence
or LJ  online notarization, this  		day of  	 2021, by  	,as a
 	 of TOHOQUA DEVELOPMENT GROUP, LLC, a Florida Limited Liability Company. He or she LJ is personally known to me, or LJ have produced a valid driver's license for identification.

Notary Public; State of Florida

Print Name:_ _ _

_ _ _

_ _ _ _ _

_ _ _

My Commission Expires: 		_ My Commission No.:-,-- 	_

(NOTARY SEAL)

COUNTERPART SIGNATURE PAGE TO BILL OF SALE AND ASSIGNMENT
Conveyance of Stormwater Pond #10 Improvements

IN WITNESS WHEREOF, the District  has accepted and agreed,  and executed  this Bill of Sale and Assignment as of the date first above written.

DISTRICT:

ATTEST:

TOHOQUA COMMUNITY DEVELOPMENT DISTRICT

Print Name: - - - - - - - - -
Secretary /Assistant Secretary

By: 	_ Name: - - - - - - - - - - - - -
Title: - - - - - - - - - - - - - -

STATE OF FLORIDA

COUNTY OF -------
The  foregoing  instrument  was  sworn  to  and  subscribed  before  me  by  means  of LJ
physical presence or LJ  online notarization, this 		day by _  _   _   _   _   _   _   _ _ ., as the
of the Board of Supervisors of the TOHOQUA COMMUNITY DEVELOPMENT DISTRICT,

and was attested to by _ _ _

_ _ _

_ _ _ _

_ _ , as Secretary/Assistant Secretary of the

TOHOQUA COMMUNITY DEVELOPMENT DISTRICT, both for and on behalf of the District. He or she LJ is personally known to me or LJ have produced a valid driver's license for identification.

Notary Public; State of Florida
Print Name:--------------
My Commission Expires:_ _ _ _ _ _ _ _ _
My Commission No.: 	_ (NOTARY SEAL)

EXHIBIT "A"

The Land

/..t,,gtN Det,ufpt/on

A portlort of SlJctlan ,(I

rol!'l'IMlt:, 26  South. Rim JO =	dtts.er1b«I 4t fa/foWflt

eomm- qt  Ute  westMy mclltt  cotr!IN  af  said  1nlct ·a: roHOQUA  -  PHASE  1,   ordlttg  to tile plat Ill	. as r«;orr,.d In Plat Soq/'t .26, Pf1!l,tl$  t73  throlJgh 1sr, PubJA;	of	Cacmt..K Ro,fdq;
thf/1! run S (12'17'.»" E; «Mg ti!" 11011.thtfl'ly IIM of !IO!d Tifft "(;", Q dfltt<fll'Crt of at 4•.$!j Ifft for  • POrNr OF IKGINN/Nf;; thtmc:cr omtlnuo S 62'17'32" £, a fhtam:tr of 87.58 ftwt; lhm!.C!, dcparlfng /llf.tfd BfJUtfierfy ttt.. NII S 27'43'28" I« a dlatant:tt of 37.J5  INC:  tl!arlc:w  ron S 17711'45" £;  a  t!Jstance  of  64..12 Ifft; t/wtl" rwt $ 06'Sa'34" C. o 4i:lftme,, of f <U ffff l:o t:s pt#tf of w,w of o
Nl't.rrlJI ha'ling a rvdfus of 45.00  ,.,,.. QfPd  a  l1fltl trol  angl• of  .J8'47'35;  th1Mct1 tllll  IIOUthllrly.  olang  the arr. of aald -	a dlatanct1 at J0.47 wt ta Mil· pomt al tatTgttM:y  the.tllot;  t  fUl'I  s .!t'!!i5Ur- i« a dittonCf  of  ,?R.6' lti.t      Q    t      of   tv.n, of o	_,_ Mt .1' hc,l!lltf a r<tditltl of 00
,	«td  a  r;l!/ritrof	of	'.st  thence  Mi    fflltlnrffterl  a/Mf/  thtt  o,e  ol  Mid  ao1iitOl'I# OI
34.55 "1st to the polr!t <1f ta,,r,gency thllNIOf; thflf1ce nm S 7S"54:.D"' It  a  dlstance of 86,99 feet  to o polllt of c:utWJfurw of a t:urvtt, CO!'ICO'lffll nMfhlfrl,J4 ila:mg a radius of 45.00 Int and o ct111tnM Of/(}llf of 23'39'48"; t.htlMft nm HffirrlX dong t.lH! ttn: of ff.It/ wr . a dltlttmce of t8.S9 fHt to tJrtt  frlt of ton{10f!cy  1/1/Nt:Of.  t/Jtmt:{J nm N 80"25'Jfl"	a  dimrtf;tt of 26.67 ffft; thMCt: nm N 7:114'08"	a dlslant:fl of 251,22 fftt ta a pt1lrd of cunafunt of a lillln'lfo. ccncai,y norlfulasttlrly. haw/11 a l'fldiu• of 45.00

t""'"'

l'Nt atrd a c.entml ar,g/11 « 2S-4r'4f.l": thlll?Cltl! run no,fi!ffStari.J( alllfl9 thlf  t:rCt of  said  Ol.ll'WI-  a  d1Btt111Ct11  of 22.:H  f4et  to    "    po/flt  ol tM,-icy th(Jf44	tfHI  N 46"2'28• MC  "  dtst<m  ot  ra.,,  fHt  to   o pO{(it of	(II' o	"	cor#P,msterly. hM g' o	of 45.00 fnt ond a t,,ot om;te of 3411.51U- i• ;   tiltnr:e rvn .oorlhll'Vffilrly.  afqng  lltil  arr: of  IIOid  curw. a  dlstorir:e of  26.7B  mt to  the  point  ot
IQttflfllfCY tlle,w,o/:  tiulnt:tt n.111  ft   12'26'42• Mi: a  distance of  ftu .68 fHt  to a poklt of CUl'WJt urw· of  o eu,w,
co,,- eio.terl..K ilown9 a rodlu• "' 4:1.00 Ifft <lf!d a t:ffltrflf qlce of ..14'04'2'8'; U!Mce l"lil'I Mrlhflrly. ak/nfl th• IJn: of .llflid c:ww; a di:,tom;e of Z0.76 flMlt h.> the  point  of  C'J' th-f; tfHtnctll  nm  N 21'.Jr47• £. a dllitanDfl  of 22.tm JiNt  to a point  r,f aur110ture  Qf a cv,w,,  CGIICOIIIP  aouffHlnflllrl)' havfng a
"'       of  4 00 mi  om, e,   trcl      of 5t::JJ"Q1'	rwi flrrl.K olong IN of !l4ltl
o dWolir:t: of  40..@  ft:at  to  tilt  ptfflt of   Y	f. 1:hl'/1!"1 !in"I /fl 18'10'411" £, 11 di$font:t: of 509.57
fMt: ljiwiOfl nm N 27"4,2''28" £. a dlst<111cs of -U.J71 fMt to th• POtNr OF BE:QINNJNO;.

1,#..1.. ,.,._.,.....,_..,.,,.,..

Slte.td,,l,.o..f 	,,.  n

Ssatlon 6. TolfflBhfp 26 South,. Ranp .1D Enl
Ow:soJ.o Counll' Rorltla

ff ll:ORIIM lJttAlNf!JJ UINO CY.llr.4NYli
51/0tfllSi(IIJtl(0, 1		
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,..,._,,,.._	Sheet 2  ol .J
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S.h.ee.t ,...J of ;s

tJNE.	8£MJN(;	i.ENCTH	
u	S UT 'J":12" E	B7.58'	
u	s .2r,1,nl'J'" w	:.,1.1.s·	
1.:1	s ,ns · E	H.t2'	
u	S 061i2:J4"' E	124.o.T	
L!i	s J1"55'0I" w	:Z'!a.tJI'	
L6	s ]S'lH';J.J· w	Bli,911'	
1.7	N IO='°l-i" i,	ff6T	
LB	N 75"14 08• IV	zs,.22·	
L9	N 48".J2'2f!I" II'	,1,&-,.1u4'·	
LU>	N 12'16'42"' IV		
LU	N ,,-:,r4r l'	12.w·	
l/2	N 7J"t0' 41r £	5W.51'	
lt:J	N 21'42'28' C	,u,;ss•	

EXHIBIT "B"

Description of Improvements

Stormwater pond and related facilities, landscaping, improvements and equipment, constructed in accordance with the South Florida Water Management District Individual Environmental Resource Permit No. 49-100696-P.

OWNER'S AFFIDAVIT
Conveyance of Stormwater Pond #10

STATE OF FLORIDA
COUNTY OF --------

----------

BEFORE ME, the undersigned authority, personally appeared
("Affiant")  as 	of NEPTUNE ROAD INVESTMENTS, LLC, a
Florida limited liability company, authorized to do business in Florida, whose address is 4750 The Grove Drive, Suite 220, Windermere, Florida 34786 ("Owner"), who being first duly sworn on oath says:

That Affiant knows of his or her own knowledge that the Owner is the owner in fee simple title in and to certain lands located in Osce0la County, Florida (the "Property") and to the associated public improvements therein (the "Improvements"), as more particularly described in

Exhibit "A" attached hereto, and that Affiant is _ _ _ _ _

_ _ _ _

_ of the Owner, is

making this Affidavit in that capacity only and that no recourse shall be made against Affiant individually.

That the Property and Improvements are free and clear of all liens and encumbrances except for those matters set forth as exceptions in the TOHOQUA - PHASE 1 plat, as recorded in Plat Book 26, Page 173, of the Public Records of Osceola County (the "Plat").

That Affiant knows of no facts by reason of which the title to, or possession of, the Property and Improvements might be disputed or questioned, or by reason of which any claim to any part of the Property and Improvements might be asserted adversely to Owner.

That there have been no liens filed against the Property or the Improvements as a result of any labor, materials, equipment or other work authorized by Owner, its employees, or agents or of which Owner has actual knowledge, nor any unpaid bills of any nature as a result of any labor, materials, equipment or other work authorized by Owner, its employees, or agents or of which Owner has actual knowledge either for services of any architect, engineer, or surveyor, or for labor or material that may have been placed on the Property or Improvements, either in the construction or repair of any of the Improvements, or otherwise in connection with the Property which bills may have been incurred during the last ninety (90) days.

That no proceedings in bankruptcy or receivership have ever been instituted by or against the Owner, nor has Owner ever made an assignment for the benefit of its creditors.

That Affiant knows of no action or proceeding relating to the Property or Improvements which is now pending in any state or federal court in the United States affecting the Property or Improvements, nor does Affiant know of any state or federal judgment or any federal lien of any kind or nature that now constitutes a lien or charge upon the Property or Improvements.

That, except as set forth in the Plat, Affiant knows of no unrecorded easements, liens, or assessments for sanitary sewers, streets, roadways, paving, other public utilities or

improvements against the Property, nor are there any special assessments or taxes which are not shown as existing liens by the public records.

That this Affidavit is given for the purposes of inducing the Tohoqua Community Development District (the "District"), a Florida community development district and local unit of special-purpose government, to accept the conveyance of the Property and Improvements to the District.

That there are no matters pending against Owner that could give rise to any lien(s) that could attach to the Property or the Improvements between the effective date of the Plat and the recording of the deed of conveyance, and that Affiant shall not execute nor permit the execution or recording of any instruments that would adversely affect title of the Property or the ownership of the Improvements.

Section 1445 of the Internal Revenue Code provides that a transferee of a U.S. real property interest must withhold tax if the transferor is a foreign person. To inform the District and Latham, Luna, Eden & Beaudine, LLP ("LLEB"), that withholding of tax is not required upon the disposition of a U.S. real property interest by Owner, Owner hereby swears, affirms and certifies the following to District and LLEB that Owner: (i) is not a foreign person, foreign corporation, foreign partnership, foreign trust or foreign estate (as those terms are defined in the Internal Revenue Code and Income Tax Regulations);  (ii) is not a disregarded entity as defined in Section
1.l 445-2(b)(2)(iii); (iii) is not a non-resident alien (as such term is defmed in the Internal Revenue Code  and  Income  Tax  Regulations)   for  the  purposes  of  U.S.  income   taxation;  (iv)  has an
BIN/Federal Tax Identification Number of _  _   _   _   _   _   _   _ _  ; (v) has a mailing address of
4750 The Grove Drive, Suite 220, Windermere, Florida 34786. Affiant understands that this certification may be disclosed to the Internal Revenue Service by Transferee and that any false statement contained herein could be punished by fine, imprisonment, or both. Affiant understands that Buyer and LLEB are relying on this certification in determining whether withholding is required upon said transfer.

That Affiant is familiar with the nature of an oath and with the penalties as provided by the laws of the State of Florida for falsely swearing to statements made in an instrument of this nature. Affiant further certifies that he has read the full facts set forth in this Affidavit and understands its content and context to be correct in all respects.

[SIGNATURE APPEARS ON FOLLOWING PAGE]

FURTHER AFFIANT SAYETH NAUGHT.

DATED: - - - - - - - -

2021

Signed, sealed and delivered in our presence:

(Signature) (Print Name)

(Signature) (Print Name)

NEPTUNE ROAD INVESTMENTS,
LLC, a Florida Limited Liability Company

By: 	_ Name: Robert L Secrist, III
Title: Manager

STATE OF FLORIDA
COUNTY OF ----------
The foregoing instrument was acknowledged before me by means of LJ physical presence or L     ) online notarization, this _day of 	2021, by Robert L. Secrist, III, as Manager of NEPTUNE ROAD INVESTMENTS, LLC a Florida limited liability company, on behalf of the company. He is L ) personally known to me or (_) have produced a valid driver's license for identification.

Print Name:

- - - - - - - - -

- - - - - - - - - - - - -

Notary Public-State of:
County of: 	_
Commission No.: - - - - - - - - - - -
My Commission Expires: - - - - - - - -

EXHIBIT "A"

Description of Real Property & Improvements

		

A  portllfn al  S«ltfon 6. foll'ffllllt, 26  Sout/1. Range, :JD Eas1.,	C01,11tt FfDt'idtl, d«idlbMJ. • fr)IJows:
Cam,mem;;t qt Uut· w.ttlfl:r moa't ct/ffll!lf' o( Hid f,vct "'(;"; roHO<JUA - PHASE 1, ®Qordmg to  tt,a p/Qt  IM,t,0f. n  r11etllf'dml .A, PJoi Sook 26.	173   tbrolJgh  1s,. P""11c  R«;ofrds  of	Ctiunt¼ .Fh1rld4; tlt<M M!  S 62'17'32" E".,  along  tbe :ioutlterlyh   ,of   ,o{d Tri,ct   "   di!ttOttCtt  of  2t-l.55 te.t for  tne  PO!Nr OJ: iiEGfNNWG;    then"  -ttmic:  S62'17'32,.  £;   r,  •tom.I?  r1f 87.58  ffft/		dt;partfng "'1ld 110UtMrly lfrNI. Nn    s  27'42'1!8" MC  a  d&t011Ct1 of  .l7;t5 fNt: Hl11t1t:ti nm s 1ns•45• .e:; a			of 84..12
ffft;  I.Mtlce Nit    S  D8':U'3t,•  E;  a•dtlsfonco  of  124.0J   Int   to o  point  of   t:w"Wlll.ire  of  a	aw
-M'1$  hovfng  a  rvdi'JII, of  45.00	tlffd a c.Mt,-a# ong[w of  JlJ"ij:736"; thsnr.» 11111 BOUIIHlrl along tile
"a"n':°o"f"'said-  adlstDnatt  of  30.47  fHt   ta  the  pat,,f  of  tOl'tgllr!Cy  lhl!RUII;  tht11ttC11  l'Uff   S  J'l'55 "  "'  a
ol 1179.69 '-1 #) a poirft of t:Ul'Wtfmt af t:1 l;i;/fW. COIICCf# IIO' Y, hOlllnf o r«fii# of 00
ffft l1tld 11 r:mfrrtl  rl!t(llr: of  4J"9 ; thon<:tl rt111  SO!ldhtW!<lt.e#Y, along  t/11: ore al  .aid  .      a  cilatmce t>f
34..55 fHt to the pof,it of  tong,Nicy then,of;  thence nm  S  75S4:»" M(  a  dlst.anCfl  of  8fUl9 fNt  to a  pobtt of	of a au.TW!i c:MCO'i!!II northl!frl hallll'lg a mdlutl al 45.00 411tt and o· ct1t1tml angle of 2:J'J8'48": th		ong the Ol"t1 of $Old cur.-.,, D dlsttmce of t$.69 wt to tm, /HW!t Df fQl'l CJI tl'l-.ot: tflfifjCt# Ni'! N 80'25'.JSI" a dhttollce, of 26.67 ffft; thence n.m N 7'5"14'08" w; a
dJ&fanf:e of  .251;22  fnt    to a pofnt  of  clft"W1f.tm,  of  a  •t.1W'\!tl,     1111 rHlrimKn;tllrl'y.  namg  a  rndii.ii, of  45.00
l'Nt tll'ld o crntrol anr,. of 28",f.t"JJO•: thlltlC4l nm norttt-tmt.,c along tne Of"C of aald <:urVI', " dlstonc,e of 22.:H ffft to ttt. po/ttt etf ton y thfr«> l'hfl'I# nm N +o e,• 11¢ o <hi'1flce r:;f f9.t4 .wt to tJ point  of  cur,,,otu of o eMn<lt,	norilPlfOffffly. hovrttg o ntd41• of 45.00 /!Ht orid rJ CtN'I t:ral	of
.:HW  '# ·";  111.flfMltl nm  mirihll'Nr.1 along "'-6 arc: of  l10id-..... a d.fstonctl of  2til8 fnl to tM  paint al
tangency  tlHirllO  t/'Hlllct< run H  t2'26'42"  "'   a dltttOlfCfl' of  tfH.86  fNf  to a paklt of  cur,otun1  af a eut'W!,
.e	eosterl)'  hovfng o  rodruit <>f  45.0Q Ifft ,md  o  ffi!ltrof  oirgfo of  $4"04'211;  U!crnc,e nm r;.wthfrly.
a.long  the   -arr; of •old	o dist(ll'lc:tfl oi' 26..75 .fN t ta t.h• point  of  tangflnc:y  U,en,ot;  tmn,1;11  nm  N 21".17'+7" E;  a  dlata11.Clll  of  22.89  Ju(  to o  pw,t of  CU1'!111lun,  of  a fM''°"' - -  110U!i'M!a!Jtm bowl!g a rodw or 45..00 mt  at'ld  a centrol	t;Jf 51W'01":	1'1111  l!'Qrlhff1t"'1.K  tdMg  tn. O"e al 1/ioJd -,,..,
O: d/$toht:r: of 40..4'  feet ta file point of  /:Ollfl=l'iCY rMfC!Of;  ff	ntn  N TJ"f()WJ" E, o d&ltanoc: of IK/9.57
fNt; tltfltlf:fl nm N 27'42'28" £, a dTJJtanc. of 44•.Ja feet to the F'a.-Nr OF B£r;JNNJ NC;.

IW•/Tfl/ltmWr, J<
""'.,..,, _.,_ - ,,,.,....,, or ""·'	,.,.
Section 8, tawn.-h4, 26 South, Ronp .JO £at
°'1cflah1· Count)' norlda	

-··-'i:'IT"...Wililii!	_	
		. .....	.	. ..!'-!!!!L. .._	

ff    Ft	DIMiNED LANO
$\80r  No. I		
Ffm,,..,, ...: ---
,.., ,,	C-l""Oh"t 'o>f  '--tit'	Tlwl  lil
-
l'illd4  -PHM£1	- Pl:IA$E" 1
"	Rot &dt .2111; A,g,,,; t7.J Hwo, 1111
1,._I  "'°t	

u

   ,,,,.,,,_
/lit••"'-	.Sh.e.e.t .2-ol  .J	

UN£	EEAfllNG	tDl(;JH	
Lt	S U't l"JZ"" E	87.511'	
u	$   :l'J''d    :ta·    w	:J7. f!!S'	
1..:1	$   1rJ B'45e    E:	64.f.2'	
l4	S 06'52 '34" E.	124.w	
LS	S 31'55 'OJ"' It'	279.ff	
Ui	!I 7S'!i4 u · w	IJ8,99·	
L7	.N 80	"'9- W	n:zt,l..6. 7'	
LB	N ;a1 4•mr w	22	
l.	N W:SZ'2B" It'	1& 14"	
Lt	N 1:l'2$' 4Zr IV	19-, .66	
'-''	N f'.J1' 41• £	22 .1111·	
Ll2	N TJ"IO '4-8. E	5ta5T	
LU	N 2 r -tt'28"£	ff. Jlf'	

Description of Improvements

Stormwater pond and related facilities, landscaping, improvements and equipment, constructed in accordance with the South Florida Water Management District Individual Environmental Resource Permit No. 49-100696-P.

OWNER'S AFFIDAVIT
Conveyance of Stonnwater Pond #10

STATE OF FLORIDA
COUNTY OF --------
BEFORE ME, the undersigned authority, personally appeared 	_
("Affiant") as 	of TOHOQUA DEVELOPMENT GROUP, LLC, a
Florida limited liability company, authorized to do business in Florida, whose address is 4750 The Grove Drive, Suite 220, Windermere, Florida 34786 ("Owner"), who being first duly sworn on oath says:
That Affiant knows of his or her own knowledge that the Owner is the owner of certain public improvements (the "Improvements"), described in Exhibit "A" attached hereto, located on the real property also described Exhibit "A," and that Affiant is
 	 of the Owner, is making this Affidavit in that capacity only and
that no recourse shall be made against Affiant individually.

That the Improvements are free and clear of all liens and encumbrances except for those matters set forth as exceptions in the TOHOQUA- PHASE 1 plat, as recorded in Plat Book 26, Page 173, of the Public Records of Osceola County (the "Plat").

That Affiant knows of no facts by reason of which the title to, or possession of, the Improvements might be disputed or questioned, or by reason of which any claim to any part of the Improvements might be asserted adversely to Owner.

That there have been no liens filed against the Improvements as a result of any labor, materials, equipment or other work authorized by Owner, its employees, or agents or of which Owner has actual knowledge, nor any unpaid bills of any nature as a result of any labor, materials, equipment or other work authorized by Owner, its employees, or agents or of which Owner has actual knowledge either for services of any architect, engineer, or surveyor, or for labor or material that may have been placed on the Improvements, either in the construction or repair of any of the Improvements, or otherwise in connection with the Improvements which bills may have been incurred during the last ninety (90) days.

That no proceedings in bankruptcy or receivership have ever been instituted by or against the Owner, nor has Owner ever made an assignment for the benefit of its creditors.
That Affiant knows of no action or proceeding relating to the Improvements which is now pending in any state or federal court in the United States affecting the Improvements, nor does Affiant know of any state or federal judgment or any federal lien of any kind or nature that now constitutes a lien or charge upon the Improvements.

That this Affidavit is given for the purposes of inducing the Tohoqua Community Development District (the "District"), a Florida community development district and local unit of special-purpose government, to accept the conveyance of the Improvements to the District.

That there are no matters pending against Owner that could give rise to any lien(s) that could attach to the Improvements between the effective date of the Plat and the recording of the deed of conveyance, and that Affiant shall not execute nor permit  the execution or recording of any instruments that would adversely affect ownership of the Improvements.

That Affiant is familiar with the nature of an oath and with the penalties as provided by the laws of the State of Florida for falsely swearing to statements made in an instrument of this nature. Affiant further certifies that he has read the full facts set forth in this Affidavit and understands its content and context to be correct in all.respects.

/SIGNATURE APPEARS ON FOLLOWING PAGE]

FURTHER AFFIANT SAYETH NAUGHT.
DATED	2021
Signed, sealed and delivered in our presence:

(Signature) (Print Name)

(Signature) (Print Name)

TOHOQUA DEVELOPMENT GROUP,
LLC, a Florida Limited Liability Company

By:- - - - - - - - - - - -
Name:  -----------
Title:------------

STATE OF FLORIDA
COUNTY OF - - - - - - - - - -
The foregoing instrument was acknowledged before me by means of ( ) physical presence or(_) online notarization, this_ day of 	2021, by Robert L. Secrist, III, as 	of TOHOQUA DEVELOPMENT GROUP, LLC, a Florida limited liability company, on behalf of the company. He is (_) personally known to me or (_) have produced a valid driver's license for identification.

Print Name:

---------

-------------

Notary Public-State of:
County of: 	_
Commission   No.:   -----------
My Commission Expires: --------

EXHIBIT "A"

Description of Improvements

Stormwater pond and related facilities, landscaping, improvements and equipment, constructed in accordance with the South Florida Water Management District Individual Environmental Resource Permit No. 49-100696-P.

Located on the following real property:

Legal 0-,Ui'Jlf,o,i

A portltJII ti/ Sectr,on 6, ro..,4/!i, 2t1, SOtJth,. Ran JC East. 0-1q t;,,u,,tjJ Florid¢ dHcr#>«d a,:
.,	ot the ..-hlrly moat "°""""' r,f sofd rn,ct "C': miroQUA - PHASE 1. '1f:;QIJ(dittg to ti,., plot til4ffof, a. r	.h  A'Qt  Book  26,  Pagt/4  173  t/Jrough IBt, Pubi	of	Count.11 FlorldQ;
tltt!tl<llt '!Ill S 6217'»" E:, otO(HJ Wt ,o,uthorl.r /no of ,oJi:t TttlCt ·G o d/StOflU t>f ,, .. fut for thtl l"OJN, OF BEGINNING;   tfii:m:e  cont/bilO  S  BZ'17':!i2"  E;,  a   dis o87Ji8  fol:,t;   Imme"'  dopa,:tfng  IIIGid SJt».Jthddy UM. nm  s  27"42'28" W. o dlatont:tt of  .31.15 fnt: tlHllnee run s  Ins•45• E:. a  d!Rtattcs of fJf.12

,.,,,t

/Qf: t/tenctl ru,r S 06':$2 4·" £. o d&ltlfli:tt  of  t,4,03.feet .IQ  o  p@t  "'  ,;ur\/Oturt, 11f  a CClrV4  - nortarlJl trailing q rrtdtu• af 45.00	and a t:.a1traf ongl• of .:,s• j th- nm southwfy. olonr, th• art: of .ard ....,...., o d7itt- of 30.47 fHt  to thfl point of		tl!lll'lfol: t.l!Mell· nm S .Jt'55'01"	o di9to!l"1' of 2'1fl, ffff l'1 o point ,:if -11/tt of Cl -•	l!O-llr-M'#)i h<1q o l'tldilt11 ,;,f 45,0() ftiot and O cwitrol at'flt, of 4.1'9 HIMr:.. l1HI -fhll'ffmf)i lllMr, flil' Clll'O al :,gi(/ Qi/m, 0 O'!CC- of
:U.55 "'6t  to the  point  of   tongenay  thareot;   thence  nm  S  75-if4':l1"  W.  a  dfatl1tlct1  of  86,99  fNt    to a
point of CUl'tlll1:ure "t  o -	COOMW  nortfulrly.  having  a  ra&u. of 45.00  ta,,t  and  a c""trm  ang!B of

*

:1'»'48'';  111-. fllll   llll!Stwty. ol""'I	arc of nld  CU1'Vt',  o dlst'"'"' of  1459 INt  (Q if,e point of
fonQt>'!cJ'  tf74"!  tt, r:o-  ,,mN 80"Z5'JB"  o  distottce  of  26.67  wt;  fhfflce  /\ill   N   "14W" "   o dlstcnc,, of 251,22  fnt    to  o  p,,l,,t  of art"'ll'Ofu,.  of  a  -     <WICtll'lf  m>rih<Krstflrl)i  mn{ng  a ltldluli  of  45.UO fMt and o t:tintml a,tg/41 of 28'4''40": thllffce l'llfl nort:hW11at6"!)' Blorfg tfl<t arc of sold wnil\ o distance of
22.!H tHt  to titit potm  or tori c::y tl'ldfHt.  t/1 rvn N  ff':12'21!. w. o  t®c-e or uu+ tHt to"
point t1f QJrVOt,;re of a	"	tm.14 m,w,,g o	of 45.00 Mt o,,,J  o centrlll flft,;lr, of

th-•

.l4V5..,,,•1  U-.     run r,crihlJfft«fy, 1!11""9  th•    arc of fKlitf -	r, dlslvn« of 26.78 /ftl•l 1G tm, p,;int .of i'aft9enoy	t#rfinca l'IN'I N t2'2fi'4.2" W. a dltttMee of tfU.(1$ fHt to a point of <llin!Ofurw of o _,_, COl'ICCl'CI M)ii /lrMllfl o l'OQ\l/s tlf 4$.00 /!tat atld  11 "'ltral qto  of ,14'1)4'28 ·  thmC>ti  ft.In  IIONM!'lj, olottr, #:fie orr: of aoid ct.ln'lll a dlafar>t:fl Qf :zt,.76 l'Nt t<:> tt,., point of  lonpicy t/!411'911/;	nm N
21"37'47"' .E; a  dJsfr,,:,,;g  of 22.BB fMI   to o  pomt of  ,:urwztu,., of o c:u,wg,  CGIIOOW aou y. haw,g a
of 4!MJI) fNt and o t;11,11tTI//I	of 51'JS'tn":	nm  ttart/leo$t  IIIMr,     <n  of   NlrJ Qll'JIW, o dt#trlnt:11 of  41l4S  fNt   to 1M point of  lltR .r  (   "    nm N 1ru,..,,,..i;; "dbf(Jnl;ff  of  s.R.57 fNt; ltlflll<» nm N 27"42'2B" E; o dl.!rtanoo of .U .3/fl fnt to th• POINT OF B£1JiNNfNG;.

,_,.,,,,_,

.,_.._,,

--!,

Sketch of Dacrlptlon

Sec:tlon 8,, rawnsht,i 26 South, Range ;JO E011t Os.t:t:lola C«ml)' norlda

Neptune Road fnVf'lstments,. llC

1HC l'tfJllltl:M DRAINED IANO	

CQW.wr'?;		
ffflj"$"tU"l"ll'4·"$/I0IIN':,N..O.,.. !	P_ol_'li,,O..f .., 	,..,,
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111ot 6oClk 2t1, ,,.... mM,oufll ,.,	

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-,.•..-,,1,.../,(.,­_		

S-fl-ee-t•2-ioef  J·	

lJNE TABL£

S.h.H.t,.-'._of.J

UN£	8EARIHG	UNtl'n-1	
Lt	S U 't T 32 " £	87.511'	
1.2	$   27'1#2-  '28·     W	37.UJ'	
L:J	S rn8'"'5" c	u r2·	
l.4	S 06V 4 E:	,uor	
L.§	S 31"55-0•1 W	279..ff	
L(J	s 7.S'!U'.D.. w	Bti.9#'	
t.7	N Stn/'$'S" Ir'	;«;.OT	
l.lf	N 751408" W	2fj, f 22 '	
Lit	/ii 46'32'211" It'	fA 14'	
L1	N lrNJ'-1.I" W	tH.66'	
LU	N 21':J1'41" C	n,;,•	
Litt	N 7,n ,o 1r E'	50 !1.li T	
LIS	N 2r42'26" C	44.Jd''	

AGREEMENT REGARDING TAXES
Conveyance of Stormwater Pond #10

THIS AGREEMENT REGARDING TAXES ("Agreement") is entered into this  	 day of February 2021, by and between NEPTUNE ROAD INVESTMENTS, LLC, a Florida limited liability company, whose address is 4750 The Grove Drive, Suite 220, Windermere, Florida 34786 ( "Neptune"), TOHOQUA DEVELOPMENT GROUP, LLC, a Florida limited liability company, whose address is 4750 The Grove Drive, Suite 220, Windermere, Florida 34786 ("TDG") and the TOHOQUA COMMUNITY DEVELOPMENT DISTRICT, a
Florida community development district, whose address is c/o Governmental Management Services - Central Florida, LLC, whose offices are located at 219 East  Livingston  Street, Orlando, Florida 32801 ("District").

WITNESSETH

WHEREAS, the District is a Florida community development district and local unit of special-purpose government created pursuant to Chapter 190, Florida Statutes; and

WHEREAS, Neptune is the owner and developer of certain real property, as described in
Exhibit "A" attached hereto and incorporated herein (the "Property"); and

WHEREAS, Neptune and TOG are the owners and developers of infrastructure improvements and/or personal property, made in, on, over under  and through  the Property and the land owned by the District, as described on Exhibit "A" attached hereto and incorporated herein (the "Improvements"); and

WHEREAS, TDG previously conveyed to the District real property and public improvements, consisting of an Amenity Center located adjacent to the Property, which shares many of the same permits and approvals with the Property and its improvements; and

WHEREAS, as part of the ongoing development activities within the boundaries of the District, Neptune and TDG have, simultaneously with the execution  of  this  Agreement, conveyed the Property and Improvements to the District by Special Warranty Deed and Bill of Sale, as applicable; and

WHEREAS, all or a substantial portion of the real property already owned  by  the  District is either exempt from ad-valorem taxes or have been given a minimal valuation by the Osceola County Property Appraiser because of the District's status as a governmental entity; and

WHEREAS, in conjunction with the conveyance of the Property and Improvements from Neptune and TDG to the District, as applicable, the parties are desirous of setting forth in this Agreement their respective responsibilities with regard to applicable taxes  and assessments  on the Property and Improvements, as applicable.

NOW, THEREFORE, in consideration of the sum of Ten and 00/100 Dollars  ($10.00) and other valuable considerations, paid by each party to the other, the receipt and sufficiency of

which is hereby acknowledged, and in further consideration of the mutual covenants and conditions contained herein, the parties hereto agree as follows:

The above recitals are true and correct and are incorporated herein by reference.

Neptune hereby represents that all ad-valorem taxes and assessments  relating to  the Property, or any portion thereof, for tax year 2021 and all prior years have been paid in full.

Neptune hereby agrees to pay in full, and prior to their becoming delinquent, any and all ad-valorem taxes and assessments, if any, levied on the Property for the tax year 2020.

District shall, within thirty (30) days of receipt, forward to the Neptune, at their address set forth above and by U.S. mail, any correspondence, notice or bill from the Osceola County Tax Collector relating to the Property and Improvements for tax year 2021 that  the District actually receives in its office, as applicable.

Subsequent to the District's acceptance of the Property and Improvements,  and only in the event the Property and Improvements are not conveyed to another  governmental entity, the District shall endeavor to either obtain an exemption from ad-valorem taxes pertaining to the Property or, in the alternative, shall seek a minimal valuation of the Property, from the Osceola County Property Appraiser and, subsequent to tax year 2021, Neptune and TDG shall have no further responsibility with regard to ad-valorem taxes or assessments levied against the Property and/or Improvements, as applicable.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement  to  be executed on their behalf by their duly authorized representatives, all as of the date first set forth above.

[SIGNATURE PAGE BELOW]

IN WITNESS WHEREOF, the parties hereto have caused this Agreement  to  be executed on their behalf by their duly authorized representatives, all as of the date first set forth above.

WITNESSES:	NEPTUNE ROAD INVESTMENTS, LLC,
a Florida limited liability company

Print: - - - - - - - - - - - -

Print: ------------

By: 	_
Name: Robert L Secrist, III Title: Manager

WITNESSES:	TOHOQUA DEVELOPMENT GROUP, LLC,
a Florida limited liability company

Print: ------------

By:_ _ _ _

_ _ _ _ _

_ _ _ _

Print:------------

Name: - - - - - - - - - - - - - -
Title:---------------

ATTEST:

Print: ------------
Title: Secretary/Asst. Secretary

TOHOQUA COMMUNITY DEVELOPMENT DISTRICT,
a Florida Community Development District

By :	­
Print: -------------
Title: - - - - - - - - - - - - -

Neptu"e Road tnvestment14 UC

EXHIBIT "A"

Description of the Property & Improvements

		

I-ego( Duior tl!:ln
A portto,, M $ tion 6, rt>wnsl!$> af  $qutll; /wl911 30 E"(llli.  a-Ji, Count,11 F1orldq.	41 lollowt1:
eomm- at  tM·  -terly most  r:onu,r  of  safd  Tnxt  •c    TOHOQUA  -  PHASE I,	to th• plat OWIHlf. tnt recordedm Plot f:iol!k· NJ, Pagu t73 thrrNgh tfJ,, Pr,bl,C R«ltlrdtl of 0.C:IIC!k.r nt Florido;
Ul,tnc• (Ill!  $ 6$'17";»" £. olong fhfl ISQllther/y tlflt1 of «Jld Tr=t "'G": o  tlf,t of :lt4.S5 ,.,,t -rw tnr,
POINT OF BE"GtNNfNG, tfli:r," CfJ!lltfRUO S 121732"' E; a di,;tom;r, of 87.58 fff t.: thm", doparling /1/111/d
aaut:hwfy fbe. ron S 27'42'28"  It  a <lkltonCfl of  .17.15 fHt:  tfl11t1n  fllfl  S 1ns•45• C. a  tilatonff  of tu.12
Ifft  #HN,t:t, rw,  $  ()6'5rJ4• E; o  dt#lflfli:e of 1:U.()J ffff  lo o po/t/i of	of <t ¢t#W. w
11111!!1'tMJ1 mM'l9' a radfilll af 45.00 fHt arul o c1111tral anfl!• of J8'47"J:r": tll6nr:e nm s®thtlri.11 dung f.b• orr: of IIOld curvr,, o dl!9ftll!c,, ol 3fH7 ffft to p,ofrlt of tar,gency th,no/; thMH:.11 tul'I S .n 'Ot" W. a tPtitont:ik ol  '19.69 (Hf   ftl O p,oit!f of CIN'Wltl.trtl "'   0   C-,     --	twHllffliisrlj; l!Olfflf o fYlltP;.,111 of 46.<JO
t,x,t  ortd o i:m:trol r,r,g/fl of	;st"; tMnce, run  ,o1,1iJlftSl.erly. otong  fhr: ore of MIid e	fl    dl'stcn  of
:.U.55 ,_t to the point of tangency fhfll'.110}'; thf!ltff:tl nm S .15'5'4':.U" W. a dliJtant:11 of 116.99 fNt to a point  of  CW"VOtrml of  a	-=•  11,:wthr/Jl  having  o  rodJus  of  45.00  fettt  and a  t:St1trof  t1t1gfe of
23'39'4/r; tit ftlfl Wf.!Sfl!!rly. dong tAfi.· arc of ,aJ.d CUf'lllf, o dlBtfJfllctt of t8.59 fHt to the po/'rlt of tOilp,cy thercllf: iticmc::e nm N 11()"25':Ji" a rN:ttonco of ZfUi7 toet; thffl" nm M 7514:'(}(J" w. q dhltam» al 25f.22 fHt to a paint of Cflnlrlf.un, of a ""'""" conca11R ""1tfHlr.rst«ty,. mmng a R!Gfuir of 45.00 fHt    and  a  tJMtrol  Of'lglfl  of  J/8"4f'40":  th-        .rutt  nortflwot  along  tbf#   ore of  said  adistance of
22. t11tt  to   ffilt polt,t  of  tangfflC,Y  th,r«Jt:.  thMt:e  M    N  <ff1':12'Ztr  W,  o  •dt#tflf!Cil  of  ti,  14  fHt   to <r
point  o;  cwwhile  111 a flllne, com:o,;:, lio.rtheo.torly. ho	a IO'drus of 45.()I) .fn t ond fl central <zm;kJ ol­
.J4V6"'8..: thr,m:e rt/ff norihWllflf:rltly. alionfl the a,v of 11Gid c:umr. a dfltl:rmc• of 26.78 fut  ta  the point  gf tangt11K1y tlrauof; tlr1111n 11111 N 12'26'42" o dftt.tol'lt:tt of ttu.66 frlet to a point of curwt1n1t of o  wrw, c,oncc:, eo,torl;,; flOWlg o r«JAJ# of 45.00 Ifft ffl(J· Cl r;Mtta/ M¢ft of '14'/U' th#f;f# rr.tn ti
along  th•   an;  of  ..:id  cum,, a  dialanra,  of  26,70  fNt    to   f.hfl  point  of  tartp,iq t/!(lf'fl'Of;   t -. mN
.21"J7',f.J" £;. o r/iataTJQ(I of 22./19 feet to a pant of ,;urW1turf# of a c:u,.,._ car,cow, 1JOUtfrflWt,ff;11 hcfflg o
of .fa.()() f"1 fJ,fl# c, <;e11t,O,	t>f  51'3¥01;    Pl' fl!n    tert;; tll«tg Cil,il	ol Hi.d
o tilatflflr» of	fftt to ffte point 9f hw> y then:of, tfrtw3 Mt N 7.s-10'#" E; a di\Jtont:e> of 5()9,51
'8t; thMJ'1J n;n N 27""'2'28" E;. a d1stOl'W6 of 44.36 fnt to the POI.NT OF .

a.,,,,,, _.,._ - ,,,,.,,,,,_.,._
Shtt:h of Dat:rt,tlon
,,,,	It,
S.Cllon 6,, Townahlj'> 26 South,. Rfmge :SO £mt
Oat:eola Count)' Florida	

l'h1r	FI.Q91¥M  DlMINED I.M.D    .		
	_ .,.t,m.l.4St,(,W.._N.o.,., .t
,-,.l,.d.! !ofl)t--.r
-a'!t
n-tG; .- ,

-        -   -   -    -   -     ....-  ,.·  ,·   .·.,..,.·,·   ·,,· ,·,· ,·.i-"-  .-   -,·_-        ·      .J.   .._
_..,.,._a:1.,.,, 		

• •	

· ·	

!Ille($
'IOHl)QIJA - PHJ,fJI; t
--	Plot 6'd; 26,	17.J ,,,.-,,. ,.,
.., .;!£.,, .	- -	Poht  of-    -   -   -   -
/1,. IMrl'flhg	
,._  ·

H   I				
..

,11  1  p l  o t  t e t1

.Sh.H..t .2-a.l ..J	

UN£	B£ARINC	I.DIC'IH	
Lt	S 82"17'32" E	87.58.	
{.(I	s :t7¥2' 2r1 w	37.ttl'	
L.J	s 1n8:cs· £	Kt2'	
l.4	S' (16'?$2 J ,f:" £	t2 .f.W	
L5	s 3' '55'0 r w	2711.IIB'	
U!i	S 75l!U'33 W	86. 0,!I.·	
t.7	N W ::W39 "" W		
l.B	N n '14 lRI- IV	2,11 .22·	
UI	N 4a :J21 ,.- w	11114'	
i. f (J	N .12'26'42" W	lfH.61!1'	
LU	N 2'"'7'47• I=	22.119'	
L1:I	N 7.rtOW!rE	SOP.S.7'	
Lt.,	N 21"42 '2tr £	4"'36'	

Description of Improvements

S.h.N.I-..S-o-f.J

..

Stormwater pond and related facilities, landscaping, improvements and equipment, constructed in accordance with the South Florida Water Management District Individual Environmental Resource Permit No. 49-100696 -P.

CERTIFICATE OF DISTRICT ENGINEER
Conveyance of Stormwater Pond #10

I, Eric E. Warren, P.E., of Poulos & Bennett, LLC, a Florida  limited  liability  company, and licensed to provide professional engineering services to the public in the State of Florida under Florida License No. 45423, with offices located at 2602 E. Livingston Street, Orlando, Florida ("P&B"), hereby acknowledge and certify the following, to the best of my knowledge, information and belief, to be true and correct in all respects:

That I, through P&B, currently serve as District Engineer to the Tohoqua Community Development District (the "District").

That the District proposes to accept from Neptune Road Investments, LLC, a Florida limited liability company ("Neptune"), for ownership, operation and maintenance that certain real property (the "Property") described in Exhibit "A" attached hereto.

That the District proposes to accept from Neptune and the Tohoqua Development Group, LLC, a Florida limited liability company ("TOG"), for ownership, operation and maintenance, the improvements, made in, on, over, under and through the Property, as further described in Exhibit "A" attached hereto (the "Improvements").

That this certification (the "Certification") is provided in conjunction with, and in support of, the District's acceptance of the Property and Improvements, and the District will rely on this Certificate for such purposes.

That the Property and Improvements were  constructed,  purchased,  installed and/or completed, as applicable, in accordance with the plans, specifications, contracts  and permits required and/or approved by any known governmental authorities, as applicable, including, but not limited to the South Florida Water Management District Individual Environmental Resource Permit No. 49-100696-P.

That such Property is properly permitted by the appropriate governmental entities, as applicable, and that copies of the plans, specifications, permits and the South Florida Water Management District Construction Completion Certification Acceptance, dated July 14, 2020, relating to the Property, have been provided to P&B and/or George Flint of Governmental Management Services - Central Florida, LLC, as the  District's  Manager  (the  "District Manager"), and are being held by P&B and/or the District Manager as records of the District  on its behalf.

[Signature page to followJ

SIGNATURE PAGE FOR CERTIFICATE OF DISTRICT ENGINEER
Conveyance of Stormwater Pond#10

DATED:

----- 2021.

Witness:  ------------
Print: -  -  -  -  -  -  -  -  -  -  -  -  -  -

Print:

Witness:------------
- - - - - - - - - - - - - -

Eric E. Warren, P.E.
Professional License No.: FL 45423 on behalf of the company,
Poulos & Bennett, LLC 2602 East Livingston Street Orlando, Florida 32814

STATE OF FLORIDA
COUNTY OF ---------
The foregoing instrument was acknowledged before me by means of LJ physical presence or L)    online  notarization,  this_ day of 	2021 by ERIC E. WARREN, P.E., of POULOS & BENNETT, LLC, a Florida limited liability company, on behalf of said company. He or she is L) personally  known  to me  or L)  have  produced  a  valid  driver's  license for identification.

Notary Public; State of Florida

Print Name:_ _ _ _ _

_ _ _

_ _ _ _ _ _

My Commission Expires:_ _ _ _ _ _ _ _ _ _
My Commission No.: 	_ (NOTARY SEAL)

Neptune Road Investments. ua

---s: ·-···-
 	---- _,.,:!!!!_.H,._	

EXHIBIT "A"

Description of Real Property & Improvements

		

t.egol ()tw:llplfon

A pa,tfon of $et:tfon 6. r &, 26 $qutl!,  Rqngl1 JO E'<tSt. Osct!da CCW'lt Fwfdq,	os
flt tM· t/lffterty 1M11t r:omM of ll4fd Trvct •c-: TOHOQVA - PHASE: 1, acconllllg to th• plat
th#eof. n record«J In t °" a. t .73 tl!rouf}II 1a,, A,bllc /lftconfll of (m)tta(a Ct!f,/n Fl
nm S U'1r.»M £. Qforlg th•  JtWtM!ty llmt of «,.Id T ct "4': <1 tiflJt of i,,us ,-t for th•
POIN r OF BEGtNHJNG; trnmr:c COl'ltffluo S 12"17"2" E; a difito.n<co of 87..58 iw t,: tl?mi;o, dopartinf sQfd
tMJUtlreriy liHI. 11.111 S 27Wl'118" K: a distant/If of 37.15 fHt: thelllff Nn S 1ns•45• £'. a en.tone. af 6-f.12 fwt:  th#I" Mt  S .0652'.$4• C.  o  dhl.toriv,, r:,f   1$4.QJ  kttt to a  point  of   '4r4! of o  .		-«1 lftllrllJrl,i  mn,mg o  radNs of  45.QO  fNt   aml  q   Cflfltral  tm.9!11  of   .la'47".15";  thsnt:11 nm   sauthwt;1  a/Oflfl  th• a,:  of	cu.r11111, a dtstonee ol 30.47 fHt to the point of ttmglfflCy t/J-t tbtlf!Ce ron S 31'56'01• It! a dlflfotlo,, of :179.69  lell!f  to o ptlilf!f  of c.,n;alwtt of o -,	i:oneail'&i ilOtthff!li#rl hol4hg o	of 45.00 wt   a'll<I O  Cffltral  ll(ttJlt: of   4.rff°SI;  lltM«i NII   SOltthllffilrt,ii. ofMf  th#(ifMJld Cill'W,  O   d'iston Of
::U.55 fNt ta  the  point  of  tamJt111r.:y  fh•eaf;  thlfflce  nm  S  75"54'J.J"  14{  a  dflJtana&  of  116,.!19  fNt  to a point of t:t.lnR1:t:rHJJ of a l:IAl"li9.i cancaw n thl!lrlJI hawng a radius ol 45.00 £Ht and a centml ongle  af 23'39'!1Jl"; iltl!lflCtt t'IHl wu y, otorig the ore of sold c.i.trlt'lt, o tH!ltDl'lt:t! of 18.59 (Ht to the point of t0'1gonc:y thcrreof; tf!f!/(/QI! rurY N 80"25':sg•m a distonco of 2',67 '«It:  t/lfmu rvn H  75'14'08• W.  a dblfan"1  of  2S1.:l2  fat     to  11   paint  of   ,:unr,tun,  of  a  a""", c:orir.all'l!I     ll!'IJs 11'owlr,  a   ro6ilS  of 45.00
INt and o t:entrol tlflg/6 al 211"4r'4lf': thtlflCft run nortit11Utw:I)' afonf' ttl6 ore  of  I/Old  ll!U'VII,  o  dlstonce of 22.!H 14« to tM pofnt of tOl'lgfflCy tl'Hwot: thMC:lil rvn N 48"$2'28" "' o dlatOflc. of  f9, t+ feet  to <1 pO/rlf of C411Wflln:i al a wne.	.11rico. hd!ifng  a ratiivs of  '5.00 fitcit  r:wi a cr:ntrot	ol
.UU6"8  thfmc• nm m,rlh,,.,,,t,,rl  along  lb•   rm: of 1'0/d	er dfBtmc,r of 28.78 lfft tothe point Qf f.Q1tflflnt:Y tnflrsof; thanff nm N ,2'26'4.2" Ml a dflltanr::tt of 194-.66 fNt to a point of cunutW'II af a tllll'W, t«1C:01<e «mffly. hawng o rodt,.;<$ 9:f .ffl.00 Ifft tJtttJ o l:'fflW Cl of J4"04'.t8':, tnffit:o rwt 11o.rthffl1!, GlottlJ  tJi. a,-c of  11oid  r;urw,  o distanr::v  of  26.76  fNt  ta  the point of  t:01tgem:y  thelvof;  thflt!Cfl nm   N
21'J7'.tf.l• & o distantxi of 22.89 !wt to o point r,f crullfltixe of a Cllf._ ccncow, southtlarderly; IKMtlg r:,
of _.5.00  fffl  fJftd  a  vt;J/  ongto of $1	";  tMltt!#  nm  l!Ol't t#1$  g	<n:  of $4ld
o tl#tm"1 of 40.4'  fNt   to tho paint '1f  Y	tneteot thMl:R rm, N 7J'f(IWJ" E; o d$stom:io cf M.51
ffil: tflMQf nm N 27'42'28" & o atrstanc-e of 44.36 fnt to th• PtlNr OF 8£QINNfNC:.

Shieh of DtJscrlptton
.,	itvat.tt,
S.,llon 8;, Tollnlhlp 2S Saufh. Range ;so at
Oat:eola Coun,f)' F1arlda	

M Fl:CRiM DRAIN8' lAND IXlill"Allln
$tm    it$i(W .l',f(l  t		
lldllHtY!,.	f!lflililflf

et-11,df,t	.,	nvc:t c;
ci,,t11NM"""1tfflf
l'nsfGI; !llil'OOIM-l'IMltl	'tr1HOQIJA - PHASI: t
"'	Rot 8oDt .2fl,	t	· 1/JI	

,•-,,rt,

u,

.,,.,'. " , t.,,

,,.  ,.,,,.,f,l(__	S-l-iH-t -2 -o-f  J	

UNE.	BE"ltRINC	l.ENC'lff	
tt	S 112-,732· E	117.---	
i}I	S 27"4:r:NJ"' ill'	.Y"T..1:1'	
t.3	s ,n 11·	£	'14.12	
l.4	S 06"52 'S♦ E	124.0S"	
t.5	S 31'.95'01. W	3i'B.tsl'	
l	S155f;J.J•w	BIJ,911'	
t.7	N 80:1:, M W	26.67'	
LB	N	'14 06- W	251,22'	
LJJ'	N 46'32'26' W	,au·	
LIO	N 1.22'' 4Jr W	ttu.n·	
t.t,	N :,r,-.,r4:r ff	:a,,n'	
U2	N Tr?0'.48 £	5 09.5?'	
Lt$	N2r42'WE	4"-3«'	

S,h.e.ic.t,f.,J   Of,J.

Description of Improvements

Stormwater pond and related facilities, landscaping, improvements and equipment, constructed in accordance with the South Florida Water Management District Individual Environmental Resource Permit No. 49-100696-P.

SECTION V

RESOLUTION 2021-11

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TOHOQUA COMMUNITY DEVELOPMENT DISTRICT FINALIZING THE SPECIAL ASSESSMENTS SECURING THE DISTRICT'S SERIES 2021 (PHASE 2 PROJECT) SPECIAL ASSESSMENT REVENUE BONDS; PROVIDING FOR SEVERABILITY, CONFLICTS AND AN EFFECTIVE DATE.

WHEREAS, the Tohoqua Community Development District (the "District") was established by Ordinance No. 2017-53 of the Board of County Commissioners  of  Osceola County, Florida enacted on May 24, 2018, for the purpose of providing infrastructure improvements, facilities and services to the lands within the District as provided in Chapter 190, Florida Statutes; and

WHEREAS, on February 3, 2021, the Board of Supervisors (the "Board") of the District adopted Resolution No. 2021-06 authorizing, among other things, the issuance of not to exceed
$2,500,000 aggregate principal amount of its special assessment bonds in order to finance the costs of the construction, installation and acquisition of public infrastructure, improvements and services on lands within the District; and

WHEREAS, the District duly authorized and issued the Tohoqua Community Development District Special Assessment Revenue Bonds, Series 2021 (Phase 2 Project) (the "Series 2021 Bonds") in the amount of $2,580,000 for the purpose of funding the construction, installation and acquisition of public infrastructure, improvements and services; and

WHEREAS, the Tohoqua Community Development District Engineer's Report, dated September 25, 2017, as amended from time to time including by the Tohoqua Community Development District Second Supplemental Engineer's Report for Phase 2 (Phase  2 Project), dated February 3, 2021, attached to this Resolution as Exhibit "A" (collectively  referred  to as the "Engineer's Report"), identifies and describes the components  of the project  financed  with the Series 2021 Bonds (the "Phase 2 Project"); and

WHEREAS, the Engineer's Report estimated that the capital costs for  the  Phase  2 Project total $2,875,560.56, a portion of which was to be paid directly by the developer; and

WHEREAS, the total cost to the District for the Capital Improvements was estimated at
$71,870,000 ("Total Project Costs"); and

WHEREAS, pursuant to the terms of the Tohoqua Community Development District Series 2021 Supplemental Assessment Methodology for Assessment Area  Two  (Phase  2 Project), dated March 3, 2021 (the "Series 2021 Assessment Methodology"), attached to this Resolution as Exhibit "B," the assessments are finalized in the amount of $2,580,000, which is funding a portion of the capital costs, financing costs, capitalized interest, reserve funds and contingencies.

WHEREAS, on November 1, 2017, the Board, after notice and public hearing, met as an equalizing Board pursuant to the provisions of Section 170.08, Florida Statutes, and adopted Resolution 2018-07 authorizing and confirming the projects described therein, equalizing and levying special assessments to defray the Adjusted Total Project Costs  and  providing that this levy shall be a lien on the property so assessed co-equal with the lien of all state, county, district, municipal or other governmental taxes, all in accordance with Section 170.08, Florida Statutes ("Special Assessment Lien"); and

NOW, THEREFORE, be it resolved by the Board of Supervisors of  Tohoqua Community Development District:

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

Authority for this Resolution. This Resolution is adopted pursuant to the provisions of Florida law, including Chapters 170 and 190, Florida Statutes.

Finalization of Special Assessments Securing the Series 2021 Bonds. Pursuant to Section 170.08, Florida Statutes, and District Resolution 2018-07, special assessments securing the Series 2021 Bonds on all developable land within the District are to be credited the difference in the assessment as originally made, approved and confirmed and a proportionate part of the actual project costs of the Phase 2 Project. The Series 2021 Assessment Methodology accurately reflects the amount of special assessments for the Series  2021  Bonds.  The assessments levied pursuant to Resolution 2018-07 also exceed the outstanding debt due on the Series 2021 Bonds. Therefore, pursuant to Section 170.08, Florida Statutes, and Resolution 2018-07, the special assessments on parcels specially benefited by the Phase 2 Project are hereby finalized in the amount of the outstanding debt due on the Series 2021 Bonds in accordance with Exhibit "B" herein, and is apportioned in accordance with the methodology  described  in Exhibit "B," upon the specially benefited lands indicated in the District's Assessment Lien Roll attached as part of the Series 2021 Assessment Methodology, and reflects the finalized assessments due on the parcels benefited by the Series 2021 Bonds.

Improvement Lien Book. Immediately following  the  adoption  of  this Resolution these special assessments as reflected herein shall be recorded by the Secretary of the Board of the District in the District's "Improvement Lien Book." The special assessment or assessments against each respective parcel shall be and shall remain a legal, valid and  binding first lien on such parcel until paid and such lien shall be co-equal with  the lien  of all  state, county, district, municipal or other governmental taxes and superior in dignity to all others liens, titles and claims.

Other Provisions Remain in Effect. This Resolution is intended to supplement Resolution 2018-07, which remains in full force and effect. This Resolution and Resolution 2018-07 shall be construed to the maximum extent possible to give full force and effect to the provisions of each resolution. All District resolutions or parts thereof in actual conflict with this Resolution are, to the extent of such conflict, superseded and repealed.

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

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

Effective Date. This Resolution shall take effect immediately upon its adoption.

APPROVED AND ADOPTED this 3rd day of March, 202 I.

[SIGNATURES ON FOLLOWING PAGE]

SIGNATURE PAGE FOR RESOLUTION 2021-11

ATTEST:

TOHOQUA COMMUNITY DEVELOPMENT DISTRICT

Name:_ _ _

_ _ _ _ _

_ _ _

By:

Name: 	_ Title:------------------

Exhibit "A": Engineer's Report
Exhibit "B": Series 2021 Assessment Methodology

EXHIBIT "A" ENGINEER'S REPORT
Tohoqua Community Development District Second Supplemental Engineer's Report for Phase 2 (Phase 2 Project), dated February 3, 2021

[See attached]

Tohoqua Community Development	District
SECOND SUPPLEMENTAL ENGINEER'S
REPORT FOR PHASE 2 (PHASE 2 PROJEC1)

Prepared For
Tohoqua Community  Development District

Date
February  3, 2021

PO UL o s-si,JE N N E T T
2602 East livingston Street I Orlando, Florida 32803 I Tel: 407.487.2594 I www.poulosandbennctt.com FBPE Certificate of Authorization No. 2856

Tohoqua Community Development District
Second Supplemental Engineer's Report for Phase 2 (Phase 2 Project)

Tohoqua
Com.m.unity Developm.ent	District
SECOND SUPPLEMENTAL ENGINEER'S REPORT FOR PHASE 2 (PHASE 2 PROJECT)
Osceola County, Florida

Prepared For:

Tohoqua. Community Development District

Date:
February 3, 2021

PO U LO S		EN N ETT
2602 East Livingston Street I Orlando, Florida 32803 I Tel: 407.487.2594 I Fax:407.487.2594 I www.poulosandbennett.com FBPE Certificate of Authorization No. 28567

Tohoqua Community Development District
Second Supplemental Engineer's Report for Phase 2 (Phase 2 Project)

TABLE OF CONTENTS

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

Section2	Government Actions

Section3	Infrastructure Bene.it

Section 4	Capital Improvement Plan

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

Section 6	Ownership & Maintenance

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

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

Tohoqua Community Development District
Second Supplemental Engineer's Report for Phase 2 (Phase 2 Project)

Exhibits

Exhibit 1 Exhibit2 Exhibit3 Exhibit4
Exhibit5 Exhibit6

Vicinity Map Location Map
Tohoqua Phase 2 Master Site Plan

District Bound:uy Map and Legal Description Proposed Public and Private Uses Within the CDD Concept Plan

Exhibit 7 ExhibitB Exhibit9 Exhibit 10
Exhibit 11 Exhibit12 Exhibit 13

Post-Development Basin Map FEMA 100-Year Floodplain
Potable Water Distribution System Map Reclaimed Water Distribution System Map Wastewater System Map
Estimate of Probable Capital Improvement Costs

Permit Log

Tohoqua Community Development District
Second Supplemental Engineer's Report for Phase 2 (Phase 2 Project)

Secdon1	Introduction

Background
The District Engineer's Report, dated September 25, 2017, described the scope and estimated cost of the District's capital improvement program (the "CIP") serving the entire Tohoqua Community Development District (the "District''). The CIP is estimated to cost approximately $71.870 million and includes public roadways, stormwater ponds, potable water distribution, sanitary sewer system, reclaimed water distribution, off-site utility and roadway improvements, an amenity site, parks, landscaping, hardscape, professional fees and contingency. This Second Supplemental Engineer's Report, dated August 17, 2020 (the "Second Supplemental Engineer's Report for Phase 2 (Phase 2 Project)"), has been prepared to assist with the financing and construction of the public infrastructure components for the second phase of the Development within the District in the approximate amount of $2.88 million (the "Phase 2 Project") pursuant to requirements of Osceola County and the City of St. Ooud, Florida.

The Phase 2 Project described in this Second Supplemental Engineer's Report includes the proposed public infrastructure improvements necessary for the development of Phase 2. Many of the necessary regulatory approvals have been obtained for the Development (hereinafter defined). The remaining permits necessary to complete the Development are expected to be obtained during the normal design and permitting processes. To the best of our knowledge and belief it is our opinion that the balance of the required permits are obtainable as needed. The implementation of any improvements discussed in this plan requires the final approval by many regulatory and permitting agencies as outlined in Section 2 below. This report, therefore, may be amended from time to time.

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

Location and General Description
The overall Tohoqua CDD is a 784-acre tract currently located in the City of St. Ooud, Florida. More specifically, the parcel is located within a portion of Sections 5 and 6, Township 26 South, Range 30 East lying south of Neptune Road, west of the Florida Turnpike, and east of the permitted Toho Preserve development. Phase 2 of the overall project consists of approximately 44 acres of the District. Please refer to Vicinity Map Exhibit 1 and Location Map Exhibit 2. The proposed Phase 2 Project is a single-phase development including onsite infrastructure improvements and is planned to include 227 single family homes and open space recreation. Please refer to the Tohoqua Phase 2 Master Site Plan Exhibit 3. Zoning for the Development was approved by Osceola County on February 3, 2016.

It should be noted that the property was previously located in unincorporated Osceola County but has been annexed into the City of St. Ooud.

The District Boundary and Legal Description are included as Exhibit 4.

District Purpose and Scope
The District was established for the purpose of financing, acqll1ll11g or constructing, maintaunng and operating a portion of the public infrastructure necessary for community development within the District. The purpose of this report is to provide a description of the public infrastructure improvements that may be financed by the District. The District may finance, acquire and/or, construct, operate, and maintain certain

Tohoqua Community Development District
Second Supplemental Engineers Report for Phase 2 (Phase 2 Project)

public infrastructure improvements that are needed to serve the Development. A portion of the infrastructure improvements will be financed with the proceeds of bonds issued by the District.

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

Description of Land Use
The lands within the overall District encompass approximately 784 acres. Based on the current MXD Zoning for the property, the development program is currently planned to include 2,216 single family homes, 1,004 multi-family units, 480,100 square feet of commercial/office space, 200 hotel rooms, a K-8 school site and a high school site. The approved land uses within the District include the following areas. Exhibit 5 provides the location of the development uses below. Exhibit 6 shows the current land use.

Proposed Development	Approximate Acres	
Private	322.6	
Schools	66.0	
Stormwater	132.4	
Amenities, Parks and Open Space	36.8	
Roads .Alleys & Utility Tracts	183.3	
Conservation	42.9	
Total Acres	784.0	

Section2	Government Actions

The following are the permitting agencies that will have jurisdiction for approval of construction within the District. Depending on the location and scope of each phase of project design, the individual permits that need to be obtained will need to be evaluated and not all of the permits listed below will necessarily apply to every sub-phase within the District. The property is currently located in the City of St. O oud.

Permitting Agencies & Permits Re$Yred
Osceola County (while located in unincorporated Osceola County)
Preliminary Subdivision Plan
Mass Grading (optional)
Site Development Plan
Final Plat
South Florida Water Management District (SFWMD)
Environmental Resource Permit

Tohoqua Community Development District
Second Supplemental Engineer's Report for Phase 2 (Phase 2 Project)

1. Mass Grading/Master Stormwater Construction
11. Final Engineering for Onsite and Offsite Improvements
Water Use Permit (Dewatering)
Mass Grading/Master Storm
Final Engineering for Onsite and Offsite Improvements
City of St. Cloud
Final Engineering Construction Plans for Water, Sewer, and Reclaimed Water Systems
Concept Plan Revisions (upon annexation)
Preliminary Subdivision Plan (upon annexation)
Final Construction Plans for Streets and Drainage (upon annexation)
Final Plat (upon annexation)
Florida Department of Environmental Protection (FDEP)
Water Distribution System
Sanitary Sewer Collection and Transmission System
National Pollutant Discharge Elimination System (NPDES)
Federal Emergency Management Agency
Letter of Map Revision
Army Corp of Engineers
Dredge and Fill Permit
Canal Crossing Permit
Florida Fish and Wildlife Conservation Commission (FWC)
State of Florida Department of Transportation
Utility Permit
Drainage Connection Permit

Exhibit 13 lists the permits that have currently been obtained for Phase 2.

Section3	Infrastructure Bene.it

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

The proposed capital improvements identified in this report are intended to provide specific benefit to the assessable real property within the boundaries of the District. As much of the property is currently undeveloped, the construction and maintenance of the proposed infrastructure improvements are necessary

Tohoqua Community Development District
Second Supplemental Engineer's Report for Phase 2 (Phase 2 Project)

and will benefit the property for the intended use. The District can construct any portion or all of the proposed infrastructure. In addition, the District can acquire, own, operate and/or maintain  infrastructure not dedicated to the County or City. The Developer or other party/parties will construct and fund the infrastructure outside of the District and/or not funded by the District.

Section 4	Phase 2 Project

The Phase 2 Project addressed in this Second Supplemental Engineer's Report includes elements that are only internal to the District. The proposed onsite infrastructure improvements include the master stormwater management and drainage systems, roadway improvements, pavement markings and street signage, potable water main, reclaimed water main and sewer infrastructure required to provide utility service to the District, landscaping, hardscaping and recreation areas. Descriptions of the proposed capital improvements are provided in the following sections and Exhibits 5, 7 and 9 through 11. Exhibit 12 details the Cost Opinion for the Phase 2 Project.

Section 5	Description of Series Phase 2 Project Capital Improvement Plan

Roadway Improvements
The District will not be responsible fund roadway construction internal to the District consisting of local roadways and alleys. The funding of Cross Prairie Parb.-way will be by the Developer under a Separate Reimbursement Agreement with Osceola County. The Developer will pay all costs associated with road improvements for which impact fee credits are payable pursuant to transportation or other development agreements. The costs for such improvements are not included on Exhibit 12,. Exhibit 5, Public and Private Improvements, provides a graphical representation of the proposed roadway improvements. All such local roadways will be open to the public.

Stormwater Management
As indicated above, the District may fund the construction of the master stormwater management system for the lands within the District. This system is made up of wet detention stormwater treatment ponds, control structures, spreader swales, inlets, manholes and storm pipes. The proposed ponds and outfall structures have been designed to provide water quality treatment and attenuation in accordance with Gty of St. Cloud and the South Florida Water Management District regulations. The stonnwater management system has been designed to accommodate on-site runoff in addition to offsite flows which have historically entered the project site. Exhibit 7, Post-Development Basin Map provides a graphical representation of the currently proposed stormwater management system. Stonnwater Pond 3 is included in the Phase 2 Project.

5.3100-Year Floodplain
Pursuant to the Federal Emergency Management Agency's (FEMA) Flood Insurance Rate Map (FIRM) panels 12097C 0090G 12097G and 12097C 0255G both dated June 18, 2013, portions of the project site is located within the 100-year Flood Hazard Area (FHA), Zone AE or Zone A. Exhibit 8, FEMA 100-Year Floodplain details the floodplain limits relative to the District boundaries.

Any development within the mapped floodplain will require a Letter of Map Revision to be issued by FEMA to remove the development from the floodplain. In addition, the placement of fill within the floodplain is

Tohoqua Community Development District
Second Supplemental Engineer's Report for Phase 2 (Phase 2 Project)

regulated by the SFWMD and Osceola County any filled areas below the floodplain may require mitigation in the form of compensating storage.

A Letter of Map Revision is not required for the Phase 2 improvements.

Phase 2 Infrastructure

Phase 2 Roadways
The Phase 2 Project does not include any of the Phase 2 roadway improvements. Instead, the Phase 2 roadway improvements are to be developer funded and owned and maintained by the City and include approximately 6,580 linear feet of road and will define the ingress and egress points within the Development. In addition to the roadways, the Phase 2 improvements includes approximately 1,709 linear feet of public alleys. The roadways and alleys will also serve as locations for the placement of utility infrastructure needed to serve the development of the project, see Exhibit 5. The roadways will connect to the existing Phase 1 project and Cross Prairie Parkway, however no offsite roadway or intersection improvements are being constructed as part of Phase 2.

Potable Water Distribution System
The District may fund the construction of the water distribution system within the District and those portions required to connect to existing or proposed offsite facilities. The potable water system will be conveyed to, and owned and maintained by the City of St. Goud once it has been certified complete . The water mains within the District will be sized to provide water to residents of the District and will be designed and constructed based on the approved Master Utility Plan (MUP). Exhibit 9, Potable Water Distribution System Map, provides a graphical representation of the contemplated water mains to be constructed within Phase 2.

Reclaimed Water Distribution System
The District may fund the construction of the reclaimed water distribution system within the District. The reclaimed water system will be conveyed to, and owned and maintained by the City of St. Cloud once it has been certified complete by the District. The reclaimed water mains serving the District will be sized to provide reclaimed water to the lot boundaries and common areas within the District and will be designed and constructed based on the approved MUP. Exhibit 10, Reclaimed Water Distribution System Map, provides a graphical representation of the contemplated reclaimed water mains to be constructed within Phase 2.

Wastewater System
The District may fund the construction of the gravity sewer, force main, and lift station infrastructure within the District and those portions required to connect to existing or proposed offsite facilities. The wastewater system will be conveyed to, and owned and maintained by the City of St. Goud once it has been certified complete by the District. The sewer collection mains, lift stations and force mains serving the District will be sized to provide wastewater service to the residents of the District, and will be designed and constructed based on the approved MUP. Exhibit 11, Wastewater System Map, provides a graphical representation of the contemplated wastewater system to be constructed within Phase 2. Forcemain and lift station improvements were constructed as part of Phase 1 and are not included as part of Phase 2.

Tohoqua Community Development District
Second Supplemental Engineer's Report for Phase 2 (Phase 2 Project)

The funding of additional or oversized offsite and onsite wastewater improvements serving the City of St. Cloud was provided by the Developer during Phase 1 under a separate Reimbursement Agreement with the City of St. Cloud. The Developer paid all costs associated with utility improvements for which impact fee credits are payable pursuant to development agreements.

Parks, Landscape & Hardscape
The Phase 2 landscaping and irrigation of the primary roadways will provide the "first impression" of the Development. The District may fund parks, landscape and hardscape construction and maintenance within roadways and common areas which may include perimeter landscape buffers, master signage, way finding signage, entry hardscape features, entry landscape, amenity area and park area features, landscape and hardscape, pedestrian/multi-purpose trails, and street trees. The District will own and maintain foregoing improvements.

Professional and Inspection Fees
For the design, permitting and construction of the proposed Phase 2 Project, professional services are required by various consultants. The consultants required are: civil engineer, geotechnical, planner, environmental, surveying, and landscape architect. During construction, the various permitting agencies will observe and inspect the project. Each of the agencies will charge an inspection fee to cover the costs associated with an inspector visiting the site to observe construction progress and confirm that the project is constructed in accordance with their respective approved plans, permits, rules, and regulations. The Professional Services and Inspections Fees are included as Soft Costs for the Phase 2 Project.

Tohoqua Community Development District
Second Supplemental Engineet's Report for Phase 2 (Phase 2 Project)

Section 6 Ownership and Maintenance

Proposed District Capital Improvements Plan

Ownership	Maintenance

Onsite Roadway & Alley Improvements Offsite Roadway Improvements
Master Stormwater Management System Potable Water Distribution System Sanitary Sewer System
Reclaimed Water Distribution System Parks, Landscaping, Irrigation and Signage

City County District
City of St. Cloud City of St. Cloud City of St Cloud District

City County District
City of St. Cloud City of St. Cloud City of St. Cloud District

Section 7 Roadway Rights-of-Way, Stonnwater Management Ponds and Other Open Spaces

Real property interests for lands within the District needed for construction, operation, and maintenance of District facilities will be conveyed and/or dedicated by the owner thereof to the District or other Public entity at no cost.

Section 8 Estimate of Probable Capital Improvement Costs

The Estimate of Probable Costs for the Phase 2 Project is provided in Exhibit 12. Costs associated with construction of the Phase 2 improvements described in this report have been estimated based on the best available information. Other soft costs include portions of the surveying, design and engineering for the described work, regulatory permitting inspection fees and materials testing. In addition, a reasonable project contingency estimate has been included. Please note that the costs are subject to change based on final engineering, permitting, and changes in the site plan and construction cost due to market fluctuation.

Section 9 Conclusions and Summary Opinion

The Phase 2 Project as described is necessary for the functional development of the property within Phase 2 of the District as required by the applicable local governmental agen cies. Phase 2 infrastructure has been planned and designed in accordance with current governmental regulatory requirements. The public infrastructure as described in this Second Supplemental Engineer's Report will serve its intended function provided the construction is in substantial compliance with the design and permits which will be required for the District by the various jurisdictional entities outlined earlier in this report. In addition to the annual non­ ad valorem assessments to be levied and collected to pay debt service on the proposed bonds, the District will levy and collect an annual "Operating and Maintenance" assessment to be determined, assessed and levied by the District's Board of Supervisors upon the assessable real property within the District, for the purpose of defraying the cost and expenses of maintaining District-owned improvements.

The construction costs for the Phase 2 Project in this Second Supplemental Engineer's Report are based on the approved plans. In our professional opinion, and to the best of our knowledge and belief, the costs provided herein for the Phase 2 improvements are reasonable to complete the construction of the

Tohoqua Community Development District
Second Supplemental Engineer's Report for Phase 2 (Phase 2 Project)

infrastructure improvements described herein. All of the proposed Phase 2 Project costs are to be public improvements or community facilities as set forth in sections 190.012(1) and (2) of the Florida Statutes.

The summary of probable infrastructure construction costs is only an opinion and not a guaranteed maximum price. Historical costs, actual bids and information from other professionals or contractors have been used in the preparation of this report. Contractors who have contributed in providing the cost data included in this report are reputable entities with experience in Central Florida.

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

As District Engineer:
Poulos & Bennett, LLC

Eric E. Wanen, PE
State of Florida Professional Engineer No. 45423

Tohoqua Community Development District
Second Supplemental Engineer's Report for Phase 2 (Phase 2 Project)

Exhibits

August 17, 2020
P & BJob No.: 12-044

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EXHIBIT 12		
Tohoqua CDD		
Second Supplemental Engineers Report for Phase 2 (Phase 2 Project) Estimate of Probable Capital Improvement Costs
November 23, 2020		

Facility	
Estimated Cost	

Earthwork (Excavation, Grading, Erosion Control)	
$	30,075.86	
Stormwater System (Pipes & Structures)	$	621,803.22	
Potable Water Distribution System (Pipes, Fittings, Valves, etc.)	$	319,480.70	
Sanitary Sewer System (Pipes & Structures)	$	499,653.71	
Reclaimed Water Distribution System (Pipes, Fittings, Valves, etc.)	$	196,158.23	
Landscape & Hardscape (Landscaping, Sidewalk & Sod)	$	605,998.68	

Subtotal	
$	2,273,170.40	
Professional Fees (10%)	$	227,317.04	
Inspection, Survey & Testing Fees (5%)	$	113,658.52	

Subtotal	
$	2,614,145.96	
Contingency (10%)	$	261,414.60	

Total	
$	2,875,560.56	

EXHIBIT 13-1
Tohoqua CDD Permit Approval Log Master Permits

DATE:  8/17/2020	BY:	PROJECT NUMBER(S): 12-044
 	 	
COMMUNITY:	Master Project	

PERMIT TYPE (IE:
Wetland, Land Use, Sewer Extension)	

ISSUING AGENCY	

APPLICATION NUMBER	

PERMIT NUMBER	

DESCRIPTION OF PERMITTED ACTIVITY (IE:
Subdivision Approval Phase 2)	

CONSULT
-ANT	CURRENT STATUS (IE: Not
Yet Submitted, In Review, 2nd Submittal, Approved, Extended, Expired, Closed
Out, etc.	

DATE SUBMITTED	

DATE ISSUED	
DRI Rescission	Osceola
Countv	DRl06-0011	DRI06-0011	DRI Rescission	-	Approved		6/20/2016	
Concept Plan	Osceola
Countv	CP14-00004	CD14-00004	Concept Plan	-	Approved		2/3/2016	
Site Development Plan	Osceola
Countv	SDPlS-0017	SDPlS-0017	Mass Grading & Master Stormwater Plan
Phase 1	-	Approved		8/31/2016
1/20/2017	
Utilities Approval	City of St.
Cloud			Master Utility Plan	-	Approved			
Conservation Easement
Recording	SFWMD		E2017025709B51
03P10	Deed of Conservation Easement	-	Approved		2/15/2019	
Environmental Resource
Permit {ERP)	SFWMD	150225-18	49-02426-P	Conceptual/Construction of a Stormwater
Manal!ement Syst em	-	Approved		12/8/2016	

FDEP NPDES NOi	
FDEP		
FLR20BA06-001	Notice of Intent to Use Generic Permit for Stormwater Discharge from Large and Small Construction Activities and Dewatering
Ooerations	
-	
Approved		

11/6/2016	
Fill Permit	ACOE		SAJ-2015-00814
(SP-JSC)	Authorization to fill 32.65 acres of waters of
the US for construction	-	Approved		2/17/2017	
Drainage Connection
Permit	FDOT		2016-D-853-005	Drainage Connection Permit	-	
Approved		
6/15/2016	

EXHIBIT 13-2
Tohoqua CDD Permit Approval Log Phase 2

DATE:   8/17/2020	BY: 		PROJECT NUMBER(S): 12-044	 	
COMMUNITY: 	Tohoqua  Phase 2		

PERMIT TYPE (IE:
Wetland, Land Use, Sewer Extension)	

ISSUING AGENCY	

APPLICATION NUMBER	

PERMIT NUMBER	

DESCRIPTION OF PERMITTED ACTIVITY (IE:
Subdivision Approval Phase 2)	

CONSULT
-ANT	CURRENT STATUS  (IE: Not
Yet Submitted, In Review, 2nd Submittal, Approved, Extended,  Expired, Closed
Out, etc.	

DATE SUBMITTED	

DATE ISSUED	
Preliminary Subdivision Plan (PSP)	City of St. Cloud	DRCCase# 19-85.04	DRC Case# 19-85.04	
Preliminary Subdivision Plan	
-	
Approved		
10/24/2019	
Subdivision Construction
Plans	City of St.
Cloud	SUB19-00012	SUB19-00012	Subdivision Construction Plan Phase 2	-	Approved		
2/26/2020	
Environmental Resource
Permit IERPl	SFWMD	200221-2869	49-02426-P-02	Environmental Resource Permit
/Construction/Ooeration Modificationl	-	Approved		3/27/2020	
Potable Water Permit	FDEP	-	0076597-481-
DSGP	Potable Water General Permit	-	Approved		
3/25/2020	
Wastewater Permit	FDEP	-	0354122-005-
DWC/CM	Wastewater General Permit	-	Approved		
3/25/2020	
Plat Submittal	City of St.
Cloud	TBD	TBD	Subdivision Plat	-	Under Review		TBD	

EXHIBIT "B"

SERIES 2021 ASSESSMENT METHODOLOGY

Tohoqua Community Development District Series 2021 Supplemental Assessment Methodology for Assessment Area Two (Phase 2 Project), dated March 3, 2021

[See attached J

Resolution 2021-11 Finalizing Assessments Tohoqua Community Development District Series 2021 Bonds - Phase 2 (Phase 2 Project)

TOHOQUA COMMUNI1Y DEVELOPMENT DISTRICT SERIES2021
SUPPLEMENTAL ASSESSMENT METHODOLOGY FOR
ASSESSMENT AREA 1WO (PHASE 2 PROJECT)

Date: March 3, 2021

Prepared by

Governmental Management Services - Central Florida, LLC 219 E. Livingston St.
Orlando, FL 32801

Table of Contents
Introduction	3
Purpose	3
Background	3
Special Benefits and General Benefits	4
Requirements of a Valid Assessment Methodology	5
Special Benefits Exceed the Costs Allocated	5
Assessment Methodology	5
Overview	5
Allocation of Debt.	6
Allocation of Benefit	6
Lienability Test: Special and Peculiar Benefit to the Property	7
Lienability Test: Reasonable and Fair Apportionment of the Duty to Pay Non-Ad Valorem Assessments	7
3.0 True-Up Mechanism	8
4.0 Assessment Roll	9
5.0 Appendix	10
Table 1: Development Program	10
Table 2: Capital Improvement Cost Estimates	11
Table 3: Bond Sizing	12
Table 4: Allocation of Improvement Costs	13
Table 5: Allocation of Total Par Debt to Each Product Type	14
Table 6: Par Debt and Annual Assessments	15
Table 7: Preliminary Assessment Roll	16
GMS-CF, LLC does not represent the Tohoqua Community Development District as a Municipal Advisor or Securities Broker nor is GMS-CF, LLC registered to provide such services as described in Section 15B of the Securities and Exchange Act of 1934, as amended.
Similarly, GMS-CF, LLC does not provide the Tohoqua Community Development District with financial advisory services or offer investment advice in any form.

Introduction

The Tohoqua Community Development District (the "District") is a local unit of special-purpose government organized and existing under Chapter 190, Florida Statutes as amended. The District issued $2,580,000 of tax exempt bonds (the "Series 2021 Bonds" or "Bonds") for the purpose of financing infrastructure improvements within an assessment area within the District referred to as Assessment Area Two. The infrastructure improvements to be financed are cumulatively referred to as the Phase 2 Project and are more specifically described in the Second Supplemental Engineer's Report dated February 3, 2021, prepared by Poulos and Bennet, Inc., as may be amended and supplemented from time to time (the "Engineer's Report''). The District anticipates the construction of infrastructure improvements that benefit property owners within Assessment Area Two of the District.

Purpose

This Supplemental Assessment Methodology for Assessment Area Two (the "Assessment Report") provides for an assessment methodology that allocates the debt to be incurred by the District to benefiting properties within Assessment Area Two within the District. This Assessment Report allocates the debt to properties based on the special benefits each receives from the Phase 2 Project. This Assessment Report is designed to conform to the requirements of Chapters 190 and 170, Florida Statutes with respect to special assessments and is consistent with our understanding of case law on this subject.

The District imposed non-ad valorem special assessments on the benefited lands within Assessment Area Two within the District based on this Assessment Report. It is anticipated that all of the proposed special assessments will be collected through the Uniform Method of Collection described in Chapter 197.3632, Florida Statutes or any other legal means available to the District. It is not the intent of this Assessment Report to address any other assessments, if applicable, that may be levied by the District, a homeowner' s association, or any other unit of government.

Background

The District currently includes approximately 784 acres in Osceola County, Florida. Assessment Area Two comprises 44 developable acres within the District. The development program for Assessment Area Two of the District currently envisions approximately 227 residential units. The proposed development program is depicted in Table 1. It is recognized that such land use plan may change, and this Assessment Report will be modified or supplemented accordingly.

The improvements contemplated by the District in the Phase 2 Project will provide facilities that benefit certain property within the District. Specifically, the District will construct and/or acquire certain earthwork, stormwater systems, potable water distribution systems, sanitary sewer systems, reclaimed water distribution systems,

landscapes and hardscape, and professional fees along with related incidental costs. The acquisition and construction costs are summarized in Table 2.

The assessment methodology is a four-step process.

The District Engineer must first determine the public infrastructure improvements that may be provided by the District and the costs to implement the Phase 2 Project.
The District Engineer determines the assessable acres that benefit from the District's Phase 2 Project.
A calculation is made to determine the funding amounts necessary to acquire and/or construct the Phase 2 Project.
This amount is initially divided equally among the benefited properties on a prorated assessable acreage basis. Ultimately, as land is platted, this amount will be assigned to each of the benefited properties based on the number of platted units.

Special Benefits and General Benefits

Improvements undertaken by the District create special and peculiar benefits to the assessable property within the Assessment Area Two within the District, different in kind and degree than general benefits, for properties within the District as well as general benefits to the public at large.

However, as discussed within this Assessment Report, these general benefits are incidental in nature and are readily distinguishable from the special and peculiar benefits, which accrue to property within Assessment Area Two within the District. The implementation of the Phase 2 Project enables properties within the boundaries of Assessment Area Two within the District to be developed. Without the District's Phase 2 Project, there would be no infrastructure to support development of land within Assessment Area Two within the District. Without these improvements, development of the property within Assessment Area Two of the District would be prohibited by law.

There is no doubt that the general public and property owners outside of Assessment Area Two within the District will benefit from the provision of the Phase 2 Project. However, these benefits will be incidental for the purpose of the Phase 2 Project, which is designed solely to meet the needs of property within Assessment Area Two within the District. Properties outside of Assessment Area Two within the District boundaries do not depend upon the District's Phase 2 Project. The property owners within Assessment Area Two within the District are therefore receiving special benefits not received by those outside Assessment Area Two and outside the District's boundaries.

Requirements of a Valid Assessment Methodology

There are two requirements under Florida law for a valid special assessment:

The properties must receive a special benefit from the improvements being paid for.
The special assessments must be fairly and reasonably allocated to the properties being assessed based on the special benefit such properties receive.

Florida law provides for a wide application of special assessments that meet these two characteristics of special assessments.

Special Benefits Exceed the Costs Allocated

The special benefits provided to the property owners within the District will be greater than the costs associated with providing these benefits. The District Engineer estimates that the District's Phase 2 Project that is necessary to support full development of Assessment Area Two will cost approximately $2,875,560.56. However, the District is only financing a portion of the Phase 2 Project with the Series 2021 Bonds. The balance of the Phase 2 Project will be funded with Developer Contributions and/or future bond issue(s). The District's Underwriter projects that financing costs required to fund a portion of the Phase 2 Project costs, the cost of issuance of the Bonds, the funding of a debt service reserve account and capitalized interest is $2,580,000. Without the Phase 2 Project, the property within Assessment Area Two of the District would not be able to be developed and occupied by future residents of the communi ty.

Assessment Methodology

Overview

The District issued $2,580,000 in Bonds to fund a portion of the District's Phase 2 Project, provide for capitalized interest, a debt service reserve account and pay cost of  issuance.  It is the purpose of this Assessment Report to allocate the $2,580,000 in debt to the properties within Assessment Area Two benefiting from the Phase 2 Project.

Table 1 identifies the land uses as identified by the Developer within Assessment Area Two of the District. The District has commissioned an Engineer's Report that includes estimated construction costs for the Phase 2 Project needed to support the development, which these construction costs are outlined in Table 2. The improvements needed to support the development are described in detail in the Engineer's Report and are estimated to cost $2,875,560.56. Based on the estimated costs, the size of the bond issue under current

market conditions needed to generate funds to pay for a portion of the Phase 2 Project and related costs was determined by the District's Underwriter to total approximately
$2,580,000. Any additional funds needed to complete the Phase 2 Project will be funded by developer contributions or future bond issues. Table 3 shows the breakdown of the bond sizing.

Allocation of Debt

Allocation of debt is a continuous process until the development plan is completed. A fair and reasonable methodology allocates the debt incurred by the District proportionately to the properties receiving the special benefits.

The debt relating to the Bonds will be allocated to the 227 platted residential units within Assessment Area Two within the District, which are the beneficiaries of the Phase 2 Project, as depicted in Table 5 and Table 6. If there are changes to development plan, a true up of the assessment will be calculated to determine if a debt reduction or true-up payment from the Developer is required. The process is outlined in Section 3.0.

The assignment of debt in this Assessment Report sets forth the process by which debt is apportioned. As mentioned herein, this Assessment Report will be supplemented from time to time.

Allocation of Benefit

The Phase 2 Project consists of certain earthwork, stormwater systems, potable water distribution systems, sanitary sewer systems, reclaimed water distribution systems, landscape and hardscape, and professional fees along with related incidental costs. There are currently two product types within the planned development of Assessment Area Two. The single family 50' home has been set as the base unit and has been assigned one equivalent residential unit ("ERU") as represented in the Master Assessment Report. Table 4 shows the allocation of benefit to the particular land uses. It is important to note that the benefit derived from the Phase 2 Project on the particular units exceeds the cost that the units will be paying for such benefits.

Lienability Test: Special and Peculiar Benefit to the Property

Construction and/or acquisition by the District of its proposed Phase 2 Project will provide several types of systems, facilities and services for its residents. These include construct and/or acquire certain earthwork, stormwater systems, potable water distribution systems, sanitary sewer systems, reclaimed water distribution systems, landscape and hardscape, and professional fees along with related incidental costs. These improvements

accrue in differing amounts and are somewhat dependent on the type of land use receiving the special benefits peculiar to those properties, which flow from the logical relationship of the improvements to the properties.

Once these determinations are made, they are reviewed in the light of the special benefits peculiar to the property, which flow to the properties as a result of their logical connection to the improvements in fact actually provided.

For the provision of the Phase 2 Project, the special and peculiar benefits are:

the added use of the property,
added enjoyment of the property, and
the probability of increased marketability and value of the property.

These special and peculiar benefits are real and ascertainable but are not yet capable of being calculated as to value with mathematical certainty. However, each is more valuable than either the cost of, or the actual non-ad valorem special assessment levied for the improvement or the debt as allocated.

Lienability Test: Reasonable and Fair Apportionment of the Duty to Pay Non-Ad Valorem Assessments

A reasonable estimate of the proportion of special and peculiar benefits received from the public improvements described in the Engineer's Report is delineated in Table 5 (expressed as Allocation of Par Debt per Product Type).

The determination has been made that the duty to pay the non-ad valorem special assessments is fairly and reasonably apportioned because the special and peculiar benefits to the property derived from the acquisition and/or construction of the Phase 2 Project have been apportioned to the property within the District according to reasonable estimates of the special and peculiar benefits provided consistent with the land use categories.

Accordingly, no acre or parcel of property within Assessment Area Two within the boundaries of the District will have a lien for the payment of any non-ad valorem special assessment more than the determined special benefit peculiar to that property and therefore, the debt allocation will not be increased more than the debt allocation set forth in this Assessment Report.

In accordance with the benefit allocation suggested for the product types in Table 4, a total debt per unit and an annual assessment per unit have been calculated for each product type (Table 6). These amounts represent the preliminary anticipated per unit debt allocation assuming all anticipated units are built and sold as planned, and the entire proposed Phase 2 Project is constructed.

3.0	True Up Mechanism

At this time, all developable property with Assessment Area Two has been platted. If there is change in the development plan or a replat and the resulting total anticipated assessment revenue to be generated is greater than or equal to the maximum annual debt service, no debt reduction or true-up payment is required. In the case that the revenue generated is less than the required amount, then a debt reduction or true-up payment by the landowner in the amount necessary to reduce the par amount of the outstanding bonds plus accrued interest to a level that will be supported by the new net annual debt service assessments will be required.

Assessment Roll

Currently, the 227 residential units int the Assessment Area Two development plan are platted. The current assessment roll is attached as Table 7.

TABLE 1
TOHOQUA COMMUNITY DEVELOPMENT DISTRICT DEVELOPMENT PROGRAM
SUPPLEMENTAL ASSESSMENT METHODOLOGY FOR ASSESSMENT AREA TWO

! Land Use	Phase 2 (AA2)	Total Units	ERUs per Unit (1)	Total ERUs		
Single Family- 32'	115	115	0.65	75	
Single Family- 50'	112	112	1.00	112 		
!Total Units	227	227		187	

Benefit is allocated on an ERU basis; based on density of planned development, with Single Family 50 = 1 ERU

* Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

TABLE 2
TOHOQUA COMMUNITY DEVELOPMENT DISTRICT INFRASTRUCTURE COST ESTIMATES
SUPPLEMENTAL ASSESSMENT METHODOLOGY FOR ASSESSMENT AREA TWO

Phase 2 Project Capital Improvement Plan ("CIP")	(1)	Cost Estimate		
Earthwork		30,075.86		
Stormwater Systems		$621,803.22		
Potable Water Distribution System		$319,480.70		
Sanitary Sewer System		$499,653.71		
Reclaimed Water Distribution System		$196,158.23		
Landscape & Hardscape		$605,998.68		
Professional Fees		$227,317.04		
Inspection, Survey, and Testing		$113,658.52		
Contingencies		$261,414.60		

 	$2,875,560.56I

(1) A detailed description of these improvements is provided in the revised Engineer's Report dated February 3, 2021

Prepared by: Governmental Management Services - Central Florida, LLC

TABLE 3
TOHOQUA COMMUNITY DEVELOPMENT DISTRICT BOND SIZING
SUPPLEMENTAL ASSESSMENT METHODOLOGY FOR ASSESSMENT AREA TWO

Isources	I
Par Amount	$2,580,000
Net Premium	$33,140

Construction Funds	$2,256,980	
Debt Service Reserve	$72,382	
Capitalized Interest	$59,029	
Underwriters Discount	$46,600	
Cost of Issuance	$178,150	

!Total Sources	$2,613,1401

luses	I

!Total Uses	$2,613,140I
Bond Assumptions:
Average Coupon Rate	3.74%
Amortization	30 years
Capitalized Interest	Thru 11/1/2021
Debt Service Reserve	50%  Max Annual
Underwriters Discount	$46,600

TABLE 4
TOHOQUA COMMUNITY DEVELOPMENT DISTRICT ALLOCATION OF IMPROVEMENT COSTS
SUPPLEMENTAL ASSESSMENT METHODOLOGY FOR ASSESSMENT AREA TWO

Land Use	

No. of Units *	

ERU Factor	

Total ERUs	
% of Total ERUs	
Total Improvement Costs Per Product Type	
Improvements Per Un it	
Single Family - 32'	115	0.65	74.75	40.03%	$1,150,994	$10,009	
Single Family - 50'	112	1.00	112	59.97%	$1,724,566	$15,398	

I	Totals	227	187	100.00%	$2,875,561
* Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

TABLE 5
TOHOQUA COMMUNITY DEVELOPMENT DISTRICT ALLOCATION OF TOTAL PAR DEBT TO EACH PRODUCT TYPE
SUPPLEMENTAL ASSESSMENT METHODOLOGY FOR ASSESSMENT AREA TWO

Land Use	

No. of Units *	

% of Total ERUs	
Improvements Costs Per Product Type	Allocation of Par Debt Per Product
Type	

Par Debt Per Unit	
Single Family- 32'	115	40.03%	$1,150,994	$1,032,691	$8,980	
Single Famil - 50'	112	59.97%	$1,724,566	$1,547,309	$13,815	
Totals	227	100%	$2,875,561	$2,580,000		

Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

TABLE 6
TOHOQUA COMMUNITY DEVELOPMENT DISTRICT
PAR DEBT AND ANNUAL ASSESSMENTS FOR EACH PRODUCT TYPE SUPPLEMENTAL ASSESSMENT METHODOLOGY FOR ASSESSMENT AREA TWO

Land Use	

No. of Units *	
Allocation of Par Debt Per Product Type	

Total Par Debt Per Unit	
Maximum Annual Debt Service	Net Annual Debt Assessment Per Unit	Gross Annual Debt Assessment
Per Unit (1)	
Single Family - 32'	115	$1,032,691	$8,980	$57,944	$503.86	$536.02	
Single Famil - 50'	112	$1,547,309	$13,815	$86,820	$775.17	$824.65	
Totals	227	$2,580,000		$144,764			

(1) This amount includes collection fees and early payment discounts when collected on the Osceola County Tax Bill

Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

TABLE 7
TOHOQUA COMMUNITY DEVELOPMENT DISTRICT PRELIMINARY ASSESSMENT ROLL
SUPPLEMENTAL  ASSESSMENT METHODOLOGY  FOR ASSESSMENT  AREA TWO	

Owner	

Phase/Lot	
Product Type	
Total Par Debt Allocation Per Unit	Net Annual Debt
Assessment Allocation	
Gross Annual Debt Assessment Allocation (1)	
Lennar Homes	Phase 2, Lot 1	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 2	32	$8,979.92	$503.86	$536.02	
Lennar Hornes	Phase 2, Lot 3	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 4	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 5	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 6	32	$8,979.92	$503.86	$536.02	
Lennar Hornes	Phase 2, Lot 7	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 8	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 9	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 10	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 11	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 12	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 13	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 14	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 15	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 16	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 17	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 18	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 19	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 20	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 21	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 22	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 23	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 24	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 25	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 26	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 27	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 28	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 29	32	$8,979.92	$503.86	$536.02	

Owner	

Phase/Lot	
Product Type	
Total Par Debt Allocation Per Unit	Net Annual Debt Assessment
Allocation	
Gross Annual Debt Assessment Allocation (1)	
Lennar Homes	Phase 2, Lot 31	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 32	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 33	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 34	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 35	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 36	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 37	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 38	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 39	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 40	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 41	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 42	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 43	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 44	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 45	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 46	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 47	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 48	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 49	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 50	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 51	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 52	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 53	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 54	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 55	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 56	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 57	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 58	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 59	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 60	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 61	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 62	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 63	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 64	32	$8,979.92	$503.86	$536.02	

Owner	

Phase/Lot	
Product Tvoe	
Total Par Debt Allocation Per Unit	Net Annual Debt Assessment Allocation	
Gross Annual Debt Assessment Allocation (1)	
Lennar Homes	Phase 2, Lot 66	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 67	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 68	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 69	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 70	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 71	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 72	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 73	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 74	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 75	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 76	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 77	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 78	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 79	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 80	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 81	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 82	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 83	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 84	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 85	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 86	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 87	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 88	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 89	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 90	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 91	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 92	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 93	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 94	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 95	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 96	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 97	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 98	32	$8,979.92	$503.86	$536.02	
Lennar Homes	Phase 2, Lot 99	32	$8,979.92	$503.86	$536.02	

Net Annual Debt
Product		Total Par Debt	Assessment		Gross Annual Debt Owner	Phase/Lot	Type	Allocation Per Unit		Allocation	Assessment Allocation (1) Lennar Homes	Phase 2, Lot 101		32			$8,979.92			$503.86			$536.02
Lennar Homes	Phase 2, Lot 102	32	$8,979.92	$503.86	$536.02 Lennar Homes	Phase 2, Lot 103	32	$8,979.92	$503.86	$536.02 Lennar Homes	Phase 2, Lot 104	32	$8,979.92	$503.86	$536.02 Lennar Homes	Phase 2, Lot 105	32	$8,979.92	$503.86	$536.02 Lennar Homes	Phase 2, Lot 106	32	$8,979.92	$503.86	$536.02 Lennar Homes	Phase 2, Lot 107	32	$8,979.92	$503.86	$536.02 Lennar Homes	Phase 2, Lot 108	32                 $8,979.92                    $503.86                    $536.02 Lennar Homes                   Phase 2, Lot 109                  32                 $8,979.92                    $503.86                    $536.02 Lennar Homes                   Phase 2, Lot 110                  32                 $8,979.92                    $503.86                    $536.02 Lennar Homes                   Phase 2, Lot 111                   32                 $8,979.92                   $503.86                    $536.02 Lennar Homes                   Phase 2, Lot 112                   32                 $8,979.92                   $503.86                    $536.02 Lennar Homes                   Phase 2, Lot 113                  32                 $8,979.92                    $503.86                    $536.02 Lennar Homes                   Phase 2, Lot 114                  32                 $8,979.92                    $503.86                    $536.02 Lennar Homes Phase 2, Lot 115 32 $8,979.92 $503.86 $536.02
Lennar Homes	Phase 2, Lot 116	50	$13,815.26	$775.17	$824.65 Lennar Homes	Phase 2, Lot 117	so   $13,815.26	$775.17	$824.65 Lennar Homes	Phase 2, Lot 118	so   $13,815.26	$775.17	$824.65
Lennar Homes	Phase  2, Lot 119	50	$13,815.26	$775.17	$824.65 Lennar Homes	Phase  2, Lot 120	so    $13,815.26	$775.17	$824.65 Lennar Homes	Phase  2, Lot 121	so    $13,815.26	$775.17	$824.65 Lennar Homes	Phase  2, Lot 122	so    $13,815.26	$775.17	$824.65 Lennar Homes	Phase  2, Lot 123	so    $13,815.26	$775.17	$824.65
Lennar Homes	Phase 2, Lot 124		50	$13,815.26	$775.17	$824.65 Lennar Homes	Phase  2, Lot 125	so    $13,815.26	$775.17	$824.65 Lennar Homes	Phase  2, Lot 126	50	$13,815.26	$775.17	$824.65 Lennar Homes	Phase  2, Lot 127	so   $ 13,815.26	$775.17	$824.65
Lennar Homes	Phase 2, Lot 128	50	$13,815.26	$775.17	$824.65
Lennar Homes	Phase 2, Lot 129	50	$13,815.26	$775.17	$824.65
Lennar Homes	Phase  2, Lot 130	50	$13,815.26	$775.17	$824.65 Lennar Homes	Phase  2, Lot 131	so    $13,815.26	$775.17	$824.65 Lennar Homes	Phase  2, Lot 132	so   $1 3,815.26	$775.17	$824.65
Lennar Homes	Phase 2, Lot 133	50	$13,815.26	$775.17	$824.65
Lennar Homes	Phase  2, Lot 134	50	$13,815.26	$775.17	$824.65 Lennar Homes	Phase  2, Lot 135	so   $ 13,815.26	$775.17	$824.65

Owner	

Phase/Lot	
Product Tvoe	
Total Par Debt Allocation Per Unit	Net Annual Debt
Assessment Allocation	
Gross Annual Debt Assessment Allocation (1)	
Lennar Homes	Phase 2, Lot 136	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 137	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 138	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 139	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 140	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 141	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 142	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 143	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 144	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 145	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 146	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 147	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 148	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 149	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 150	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 151	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 152	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 153	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 154	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 155	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 156	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 157	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 158	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 159	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 160	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 161	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 162	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 163	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 164	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 165	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 166	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 167	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 168	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 169	50	$13,815.26	$775.17	$824.65	

Owner	

Phase/Lot	
Product Tvoe	
Total Par Debt Allocation Per Unit	Net Annual Debt Assessment
Allocation	
Gross Annual Debt Assessment Allocation (1)	
Lennar Homes	Phase 2, Lot 171	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 172	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 173	50	$13,815.26	$775.17	$824.65	
L·ennar Homes	Phase 2, Lot 174	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 175	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 176	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 177	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 178	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 179	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 180	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 181	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 182	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 183	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 184	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 185	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 186	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 187	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 188	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 189	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 190	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 191	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 192	so	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 193	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 194	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 195	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 196	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 197	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 198	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 199	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 200	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 201	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 202	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 203	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 204	50	$13,815.26	$775.17	$824.65	

Owner	

Phase/Lot	
Product Type	
Total Par Debt Allocation Per Unit	Net Annual Debt Assessment Allocation	
Gross Annual Debt Assessment Allocation (1)	
Lennar Homes	Phase 2, Lot 206	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 207	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 208	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 209	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 210	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 211	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 212	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 213	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 214	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 215	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 216	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 217	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 218	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 219	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 220	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 221	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 222	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 223	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 224	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 225	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 226	50	$13,815.26	$775.17	$824.65	
Lennar Homes	Phase 2, Lot 227	50	$13,815.26	$775.17	$824.65	

I	Totals	$2,580,000	$144,764	$154,004
(1) This amount includes 6% to cover collection fees and early payment discounts when collected utilizing the uniform method.

30
3.74%
$144,764

Annual Assessment Periods Average Coupon Rate(%)
Maximum Annual Debt Service

SECTION VI

RESOLUTION 2021-12

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TOHOQUA COMMUNITY DEVELOPMENT DISTRICT FINALIZING THE SPECIAL ASSESSMENTS SECURING THE DISTRICT'S SERIES 2021 (PHASE 4A/5A PRO.JECT) SPECIAL ASSESSMENT REVENUE BONDS; PROVIDING FOR SEVERABILITY, CONFLICTS AND AN EFFECTIVE DATE.

WHEREAS, the Tohoqua Community Development District (the "District") was established by Ordinance No. 2017-53 of the Board of County Commissioners of  Osceola County, Florida enacted on May 24, 2018, for the purpose of providing infrastructure improvements, facilities and services to the lands within the District as provided in Chapter 190, Florida Statutes; and

WHEREAS, on February 3, 2021, the Board of Supervisors (the "Board") of the District adopted  Resolution  No. 2021-07 authorizing,  among other  things, the  issuance of not to exceed
$3,500,000  aggregate  principal  amount of  its special  assessment  bonds  in  order to finance the
costs of the construction, installation and acquisition of public infrastructure, improvements and services on lands within the District; and

WHEREAS, the District duly authorized and issued the Tohoqua Community Development District Special Assessment Revenue Bonds, Series 2021 (Phase 4A/5A Project) (the "Series 2021 Bonds") in the amount of $2,690,000 for the purpose of funding the construction, installation and acquisition of public  infrastructure,  improvements  and services; and

WHEREAS, the Tohoqua Community Development District Engineer's Report, dated September 25, 2017, as amended from time to time including by the Tohoqua Community Development District Third Supplemental Engineer's Report for Phase 4A/5A (Phase 4A/5A Project), dated February 3, 2021, attached to this Resolution as  Exhibit  "A"  (collectively referred to as the "Engineer's Report"), identifies and describes the components of the project financed with the Series 2021 Bonds (the "Phase 4A/5A Project"); and

WHEREAS, the Engineer's Report estimated that the capital costs for the Phase 4A/5A Project total $6,688,513, a portion of which was to be paid directly by the developer; and

WHEREAS, the total cost to the District for the Capital Improvements was estimated at
$71,870,000 ("Total Project Costs"); and

WHEREAS, pursuant to the terms of the Tohoqua Community Development District Series 2021 Supplemental Assessment Methodology for Assessment Area Three (Phase 4A/5A Project), dated February 3, 2021 (the "Series 2021 Assessment Methodology"), attached to this Resolution as Exhibit "B," the assessments are finalized in the amount of $2,690,000, which is funding a portion of the capital costs, financing costs, capitalized interest, reserve funds and contingencies.

Resolution 2021-12 Finalizing Assessments Tohoqua Community Development District
Series 2021 Bonds - Phase 4A/5A (Phase 4A/5A Project)

WHEREAS, on November 1, 2017, the Board, after notice and public hearing, met as an equalizing Board pursuant to the provisions of Section 170.08, Florida Statutes, and adopted Resolution 2018-07 authorizing and confirming the projects described therein, equalizing and levying special assessments to defray the Adjusted Total Project Costs and providing  that this levy shall be a lien on the property so assessed co-equal with the lien of all state, county, district, municipal or other governmental taxes, all in accordance with Section 170.08, Florida Statutes ("Special Assessment Lien"); and

NOW, THEREFORE, be it resolved by the Board of Supervisors of Tohoqua Community Development District:

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

Authority for this Resolution. This Resolution is adopted pursuant to the provisions of Florida law, including Chapters 170 and 190, Florida Statutes.

Finalization of Special Assessments Securing the Series 2021 Bonds. Pursuant to Section 170.08, Florida Statutes, and District Resolution 2018-07, special  assessments securing the Series 2021 Bonds on all developable land within the District are to be credited the difference in the assessment as originally made, approved and confirmed and a proportionate part of the actual project costs of the Phase 4A/5A Project. The Series  2021  Assessment  Methodology accurately reflects the amount of special assessments for the  Series 2021 Bonds. The assessments levied pursuant to Resolution 2018-07 also exceed the outstanding debt due on the Series 2021 Bonds. Therefore, pursuant to Section 170.08, Florida Statutes, and Resolution 2018-07, the special assessments on parcels specially benefited by the Phase 4A/5A Project are hereby finalized in the amount of the outstanding debt due on the Series 2021 Bonds in accordance with Exhibit "B" herein, and is apportioned in accordance with the methodology described in Exhibit "B," upon the specially benefited lands indicated in the District's Assessment Lien Roll attached as part of the Series 2021 Assessment Methodology, and reflects the finalized assessments due on the parcels benefited by the Series 2021 Bonds.

Improvement Lien Book. Immediately following  the  adoption  of  this Resolution these special assessments as reflected herein shall be recorded by the Secretary of the Board of the District in the District's "Improvement Lien Book." The special assessment or assessments against each respective parcel shall be and shall remain a legal, valid and  binding first lien on such parcel until paid and such lien shall be co-equal with  the lien of all  state, county, district, municipal or other governmental taxes and superior in dignity to all others liens, titles and claims.

Other Provisions Remain in Effect. This Resolution is intended to supplement Resolution 2018-07, which remains in full force and effect. This Resolution and Resolution 2018-07 shall be construed to the maximum extent possible to give full force and effect to the provisions of each resolution. All District resolutions or parts thereof in actual conflict with this Resolution are, to the extent of such conflict, superseded and repealed.

Resolution 2021-12 Finalizing Assessments	2

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

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

Effective Date. This Resolution shall take effect immediately upon its adoption.

APPROVED AND ADOPTED this 3rd day of March, 2021.

[SIGNATURES ON FOLLOWING PAGE]

3

SIGNATURE PAGE FOR RESOLUTION 2021-12

ATTEST:

TOHOQUA COMMUNITY DEVELOPMENT DISTRICT

By:	

Name:. 	_

Name:·- - - - - - - - - - - - - - - - -

Title:_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Exhibit "A": Engineer's Report
Exhibit "B": Series 2021 Assessment Methodology

EXHIBIT "A" ENGINEER'S REPORT
Tohoqua Community Development District Third Supplemental Engineer's Report for Phase 4A/5A (Phase 4A/5A Project), dated February 3, 2021

[See attached J

Tohoqua Cotntnunity Development	District
THIRD SUPPLEMENTAL  ENGINEER'S REPORT FOR
PHASE 4A /  SA (PHASE  4A/5A PROJECT)

Prepared For

Tohoqua Community  Development District

Date
February 3, 2021

PO U LO S		E N N ET T
2602EastUvingstonStreet I Orlando,Florida 32803 I Tel: 407.487.2594 I www.poulosandbennett.com FBPE Certificate of Authorization No. 2856

Tohoqua Community Development District
Third Supplemental Engineer's Report for Phase 4A / 5A (Phase 4A/5A Project)

Tohoqua
Cotntnunity Developtnent District
THIRD SUPPLEMENTAL ENGINEER'S REPORT FOR PHASE 4A / SA (PHASE 4A/5A PROJEC1)
Osceola County, Florida

Prepared For:

Tohoqua Community Development District

Date:
February 3, 2021

PO U LO S		EN N ETT
2602 East Livingston Street I Orlando, Florida 32803 I Tel: 4tr7.487.2594 I Fax: 4tr7.487.2594 I www.poulosandbeonett.com FBPE Certificate of Authorization No. 28567

Tohoqua Community Development District
Third Supplemental Engineer's Report for Phase 4A / SA (Phase 4A/5A Project)

TABLE OF CONTENTS

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

Section2	Government Actions

Section3	Infrastructure Bene.it

Section 4	Capital Improvement Plan

Section5	Description of Capital Improvement Plan
Roadway  Improvements
Stormwater Management
100-Year Floodplain
Master Infrastructure
Primary Roadways
Potable Water Distribution System
Reclaimed  Water Distribution System
Wastewater System
Parks, Landscape and Hardscape
Professional and Inspection Fees

Section 6	Ownership & Maintenance

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

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

Tohoqua Community Development District
Third Supplemental Engineer's Report for Phase 4A / 5A (Phase 4A/5A Project)

Exhibits

Exhibit 1	Vicinity Map

Exhibit2 Exhibit3 Exhibit4 Exhibits Exhibit6 Exhibit7

Location Map

Tohoqua Phase 4 & 5 Master Site Plan

District Boundary Map and Legal Description Proposed Public and Private Uses Within the CDD Concept Plan
Post-Development Basin Map

Exhibit8 Exhibit 9 Exhibit10 Exhibit 11
Exhibit 12

Exhibit 13

FEMA 100-Year Floodplain

Potable Water Distribution System Map Reclaimed Water Distribution System Map Wastewater System Map
Estimate of Probable Capital Improvement Costs

PennitLog

Tohoqua Community Development District
Third Supplemental Engineer's Report for Phase 4A / SA (Phase 4A/5A Project)

Section 1	Introduction

Background
The District Engineer's Report, dated September 25, 2017, described the scope and estimated cost of the District's capital improvement program (the "CIP") serving the entire Tohoqua Community Development District (the ''District''). The CIP is estimated to cost approximately $71.870 million and includes public roadways, stormwater ponds, potable water distribution, sanitary sewer system, reclaimed water distribution, off-site utility and roadway improvements, an amenity site, parks, landscaping, hardscape, professional fees and contingency. This Third Supplemental Engineer's Report, dated November 24, 2020 (the ''Third Supplemental Engineer's Report for Phase 4A/5A (Phase 4A/5A Project)''), has been prepared to assist with the financing and construction of the public infrastructure components for the initial sub-phases of the  fourth and fifth phase of the Development within the District in the approximate amount of $6.69 million (the "Phase 4A/5A Project") pursuant to requirements of Osceola County and the City of St. Cloud, Florida.

The Phase 4A/5A Project described in this Third Supplemental Engineer's Report includes the proposed public infrastructure improvements necessary for the development of Phase 4A & SA which constitute the initial sub-phases of the District's fourth and fifth phase development parcels. The capital improvement costs compiled and contained in this report are only those costs for Phase 4A & SA. Costs for Phase 4B & SB will be contained in a future report. Many of the necessary regulatory approvals have been obtained for the Development (hereinafter defined). The remaining permits necessary to complete the Development are expected to be obtained during the normal design and permitting processes. To the best of our knowledge and belief it is our opinion that the balance of the required permits are obtainable as needed. The implementation of any improvements discussed in this plan requires the final approval by many regulatory and permitting agencies as outlined in Section 2 below. This report, therefore, may be amended from time to time.

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

Location and General Description
The overall Tohoqua CDD is a 784-acre tract currently located in unincorporated Osceola County, Florida. More specifically, the parcel is located within a portion of Sections 5 and 6, Township 26 South, Range 30 East lying south of Neptune Road, west of the Florida Turnpike, and east of the permitted Toho Preserve development. Phase 4 & 5 of the overall project consists of approximately 105 acres of the District. Phase 4A, 4B, SA & SB comprise 30.9, 20.9, 33.1 & 20.2 acres of the CDD respectively. Phase 4 is planned to include 241 single family homes and open space recreation. Phase 5 is planned to include 267 single family homes and open space recreation. Please refer to Vicinity Map Exhibit 1 and Location Map Exhibit 2. The proposed Phase 4A/5A Project is part of the multi-phase development and specifically includes onsite infrastructure improvements as well as offsite improvements for Phase 4A & SA. Phase 4A/5A encompasses approximately sixty-four (64) acres and is currently planned for a total of 249 units. Please refer to the Tohoqua Phase 4 & 5 Master Site Plan Exhibit 3. Zoning for the Development was approved by Osceola County on February 3, 2016.

It should be noted that the property was previously located in unincorporated Osceola County but has been annexed into the City of St. Ooud.

The District Boundary and Legal Description are included as Exhibit 4.

Tohoqua Community Development District
Third Supplemental Engineer's Report for Phase 4A / 5A (Phase 4A/5A Project)

District Purpose and Scope
The District was established for the purpose of financing, acquiring or constructing, mainta1n1ng and operating a portion of the public infrastructure necessary for community development within the District. The purpose of this report is to provide a description of the public infrastructure improvements that may be financed by the District. The District may finance, acquire and/or, construct, operate, and maintain certain public infrastructure improvements that are needed to serve the Development. A portion of the infrastructure improvements will be financed with the proceeds of bonds issued by the District.

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

Description of Land Use
The lands within the overall District encompass approximately 784 acres. Based on the current 11XD Zoning for the property, the development program is currently planned to include 2,216 single family homes, 1,004 multi-family units, 480,100 square feet of commercial/office space, 200 hotel rooms, a K-8 school site and a high school site. The approved land uses within the District include the following areas. Exhibit 5 provides the location of the development uses below. Exhibit 6 shows the current land use.

Proposed Development	Approximate Acres	
Private	322.6	
Schools	66.0	
Stormwater	132.4	
Amenities, Parks and Open Space	36.8	
Roads Alleys & Utility Tracts	183.3	
Conservation	42.9	
Total Acres	784.0	

Section2	Government Actions

The following are the permitting agencies that will have jurisdiction for approval of construction within the District. Depending on the location and scope of each phase of project design, the individual permits that need to be obtained will need to be evaluated and not all of the permits listed below will necessarily apply to every sub-phase within the District. The property is currently located within the City of St. Ooud.

Pennitt:iog Agencies & Permits Required
Osceola County (while located in unincorporated Osceola County)
Preliminary Subdivision Plan

Tohoqua Community Development District
Third Supplemental Engineer's Report for Phase 4A / SA (Phase 4A/5A Project)

Mass Grading (optional)
Site Development Plan
Final Plat
South Florida Water Management District (SFWMD)
Environmental Resource Permit
Mass Grading/Master Stormwater Construction
Final Engineering for Onsite and Offsite Improvements
Water Use Permit (Dewatering)
Mass Grading/Master Storm
Final Engineering for Onsite and Offsite Improvements
City of St. Cloud
Final Engineering Construction Plans for Water, Sewer, and Reclaimed Water Systems
Concept Plan Revisions (upon annexation)
Preliminary Subdivision Plan (upon annexation)
Final Construction Plans for Streets and Drainage (upon annexation)
Final Plat (upon annexation)
Florida Department of Environmental Protection (FDEP)
Water Distribution System
Sanitary Sewer Collection and Transmission System
National Pollutant Discharge Elimination System (NPDES)
Federal Emergency Management Agency
Letter of Map Revision
Army Corp of Engineers
Dredge and Fill Permit
Canal Crossing Permit
Florida Fish and Wildlife Conservation Commission (FWC)
State of Florida Department of Transportation
Utility Permit
Drainage Connection Permit

Exhibit 13 lists the permits that have currently been obtained for Phase 4 & 5.

Section3	Infrastructure Benefit

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

Tohoqua Community Development District
Third Supplemental Engineer's Report for Phase 4A / 5A (Phase 4A/5A Project)

The proposed capital improvements identified in this report are intended to provide specific benefit to the assessable real property within the boundaries of the District As much of the property is currently undeveloped, the construction and maintenance of the proposed infrastructure improvements are necessary and will benefit the property for the intended use. The District can construct any portion or all of the proposed infrastructure. In addition, the District can acquire, own, operate and/or  maintain infrastructure not dedicated to the County or City. The Developer or other party/parties will construct and fund the infrastructure outside of the District and/ or not funded by the District

Section 4	Phase 4A/5A Project

The Phase 4A/5A Project addressed in this Third Supplemental Engineer's Report includes elements that are only internal to the District. The proposed onsite infrastructure improvements include the master stormwater management and drainage systems, roadway improvements, pavement markings and street signage, potable water main, reclaimed water main and sewer infrastructure required to provide utility service to the District, landscaping, hardscaping and recreation areas. The proposed offsite improvements include the reclaim water main that will serve the project and is proposed to be funded by the District and constructed as part of Cross Prairie Parkway. Descriptions of the proposed capital improvements are provided in the following sections and Exhibits 5, 7 and 9 through 11. Exhibit 12 details the Cost Opinion for the Phase 4A/SA Projec t.

Section5	Description of Series Phase 4A/5A Project Capital Improvement Plan

Roadway Improvements
The District ·will not be responsible for funding roadway construction internal to the District consisting of local roadways and alleys. The funding of Cross Prairie Parkway will be by the Developer under a Separate Reimbursement Agreement with Osceola County. The Developer will pay all costs associated with road improvements for which impact fee credits are payable pursuant to transportation or other development agreements. The costs for such improvements are not included on Exhibit 12. Exhibit 5, Public and Private Improvements, provides a graphical representation of the proposed roadway improvements. All local roadways will be open to the public with the exception of the roadways within Phase 5 which will be private.

Stormwater Management
As indicated above, the District may fund the construction of the master stormwater management system for the lands within the District. This system is made up of wet detention stormwater treatment ponds, control structures, spreader swales, inlets, manholes and storm pipes. The proposed ponds and outfall structures have been designed to provide water quality treatment and attenuation in accordance with Osceola County and the South Florida Water Management District regulations. The stormwater management system has been designed to accommodate on-site runoff in addition to offsite flows which have historically entered the project site. Exhibit 7, Post-Development Basin Map provides a graphical representation of the currently proposed stormwater management system. Stormwater Pond 6, 17 & 20 are included in the Phase 4A/5A Project.

5.3100-Year Floodplain
Pursuant to the Federal Emergency Management .Agency's (FEM.A) Flood Insurance Rate Map (FIRM)

Tohoqua Community Development District
Third Supplemental Engineer's Report for Phase 4A / SA (Phase 4A/ SA Project)

panels 12097C 0090G 12097G and 12097C 0255G both dated June 18, 2013, portions of the project site is located within the 100-year F1ood Hazard Area (FHA), Zone AE or Zone A. Exhibit 8, FEMA 100-Year Floodplain details the floodplain limits relative to the District boundaries.

Any development within the mapped floodplain will require a Letter of Map Revision to be issued by FEJ\,fA to remove the development from the floodplain. In addition, the placement of fill within the floodplain is regulated by the SFWMD and Osceola County any filled areas below the floodplain may require mitigation in the form of compensating storage.

A Letter of Map Revision is required for the Phase 5 improvements.

Phase 4 & 5 Infrastructure

Phase 4 & 5 Roadways
The Phase 4A/5A Project does not include any of the Phase 4A/5A roadway improvements. Instead, the Phase 4 & 5 roadway improvements are to be developer funded. Phase 4 roadways will be public and owned and maintained by the City. Phase 5 roadways will be private and owned and maintained by the HOA. Phase 4 & 5 include approximately 14,695 linear feet of road and will define the ingress and egress points within the Deveiopments. Phase 4 includes 7,534 linear feet and Phase 5 includes 7,161 linear feet of roadway. In addition to the roadways, the Phase 4 improvements include approximately 3,323 linear feet of public alleys. No public alleys will be constructed as part of Phase 5. The roadways and alleys will also serve as locations for the placement of utility infrastructure needed to serve the development of the project, see Exhibit 4. The Phase 4 roadways will connect to the future Phase 6 project and Cross Prairie Parkway as well as other unspecified future phases. The Phase 5 roadways will connect to Cross Prairie Parkway. No offsite roadway or intersection improvements are being constructed as part of Phase 4 & 5.

Potable Water Distribution System
The District may fund the construction of the water distribution system within the District and those portions required to connect to existing or proposed offsite facilities. The potable water system will be conveyed to, and owned and maintained by the City of St. doud once it has been certified complete. The water mains within the District will be sized to provide water to residents of the District and will be designed and constructed based on the approved Master Utility Plan (MUP). Exhibit 9, Potable Water Distribution System Map, provides a graphical representation of the contemplated water mains to be constructed within Phase 4 & 5 and the overall District.

Reclaimed Water Distribution System
The District may fund the construction of the reclaimed water distribution system within the District. The reclaimed water system will be conveyed to, and owned and maintained by the City of St. Cloud once it has been certified complete by the District. The reclaimed water mains serving the District will be sized to provide reclaimed water to the lot boundaries and common areas within the District and will be designed and constructed based on the approved MUP. Phase 4 & 5 will be served by the offsite reclaim water main which will be constructed as part of Cross Prairie Parkway. Exhibit 10, Reclaimed Water Distribution System Map, provide a graphical representation of the existing and proposed offsite reclaimed water system and onsite Phase 4 & 5 and overall system contemplated within the District.

Tohoqua Community Development District
Third Supplemental Engineer's Report for Phase 4A / 5A (Phase 4A/ 5A Project)

Wastewater System
The District may fund the construction of the gravity sewer, force main, and lift station infrastructure within the District and those portions required to connect to existing or proposed offsite facilities. The wastewater system will be conveyed to, and owned and maintained by the City of St. Ooud once it has been certified complete by the District. The sewer collection mains, lift stations and force mains serving the District will be sized to provide wastewater service to the residents of the District, and will be designed and constructed based on the approved MUP. Exhibit 11, Wastewater System Map, provide a graphical representation of the proposed offsite wastewater system and onsite Phase 4 & 5 and overall system contemplated within the District Forcemain and lift station improvements will be constructed as part of Phase 4.

The funding of offsite wastewater improvements will be by the Developer under a separate Reimbursement Agreement with the City of St. Cloud. The Developer will pay all costs associated with utility improvements for which impact fee credits are payable pursuant to development agreements.

Parks, Landscape & Hardscape
The Phase 4 & 5 landscaping and irrigation of the primary roadways will provide the "first impression" of the Development. The District may fund parks, landscape and hardscape construction and maintenance within roadways and common areas which may include perimeter landscape buffers, master signage, way finding signage, entry hardscape features, entry landscape, amenity area and park area features, landscape and hardscape, pedestrian/multi-purpose trails, and street trees. The District will own and maintain foregoing improvements.

Professional and Inspection Fees
For the design, permitting and construction of the proposed Phase 4.A/SA Project, professional services are required by various consultants. The consultants required are: civil engineer, geotechoical, planner, environmental, surveying, and landscape architect. During construction, the various permitting agencies will observe and inspect the project. Each of the agencies will charge an inspection fee to cover the costs associated with an inspector visiting the site to observe construction progress and confirm that the project is constructed in accordance with their respective approved plans, permits, rules, and regulations. The Professional Services and Inspections Fees are included as Soft Costs for the Phase 4A/5A Project.

Tohoqua Community Development District
Third Supplemental Engineer's Report for Phase 4A / SA (Phase 4A/5A Project)

Section 6 Ownership and Maintenance

Proposed District Capital Improvements Plan

Ownership	Maintenance

Onsite Roadway & Alley Improvements (Phase 4) Onsite Roadway Improvements (Phase 5)
Master Stormwater Management System Potable Water Distribution System Sanitary Sewer System
Reclaimed Water Distribution System Parks, Landscaping, Irrigation and Signage

City HO.A
District City of St. Cloud City of St. Cloud
City of St. Cloud District

Gty HO.A
District City of St. Cloud City of St. Cloud City of St. Cloud
District

Section 7 Roadway Rights-of-Way, Stonnwater Management Ponds and Other Open Spaces

Real property interests for lands within the District needed for construction, operation, and maintenance of District facilities will be conveyed and/or dedicated by the owner thereof to the District or other Public entity at no cost.

Section 8 Estimate of Probable Capital Improvement Costs

The Estimate of Probable Costs for the Phase 4A/SA Project is provided in Exhibit 12 and currently includes the costs for Phase 4A and Phase SA. Costs associated with construction of the Phase 4A and Phase SA improvements described in this report have been estimated based on the best available information. Other soft costs include portions of the surveying, design and engineering for the described work, regulatory permitting inspection fees and materials testing. In addition, a reasonable project contingency estimate has been included. Please note that the costs are subject to change based on final engineering, permitting, and changes in the site plan and construction cost due to market fluctuation.

Section 9 Conclusions and Summary Opinion

The Phase 4A/SA Project as described is necessary for the functional development of the property within Phases 4A and Phase SA of the District as required by the applicable local governmental agencies. Phase 4 &
5 infrastructure has been planned and designed in accordance with current govemmental regulatory requirements. The public infrastructure as described in this Third Supplemental Engineer's Report will serve its intended function provided the construction is in substantial compliance with the design and permits which will be required for the District by the various jurisdictional entities outlined earlier in this report. In addition to the annual non-ad valorem assessments to be levied and collected to pay debt service on the proposed bonds, the District will levy and collect an annual "Operating and Maintenance" assessment to be determined, assessed and levied by the District's Board of Supervisors upon the assessable real property within the District, for the purpose of defraying the cost and expenses of maintaining District-owned improvements.

The construction costs for the Phase 4A/5A Project in this Third Supplemental Engineer's Report are based

Tohoqua Community Development District
Third Supplemental Engineer's Report for Phase 4A / SA (Phase 4A/5A Project)

on the approved plans. In our professional opinion, and to the best of our knowledge and belief, the costs provided herein for the Phases 4A and Phase 5.A improvements are reasonable to complete the construction of the infrastructure improvements described herein. .All of the proposed Phase 4A/5A Project costs are to be public improvements or community facilities as set forth in sections 190.012(1) and (2) of the Florida Statutes.

The summary of probable infrastructure construction costs is only an op1n1on and not a guaranteed maximum price. Historical costs, actual bids and information from other professionals or contractors have been used in the preparation of this report. Contractors who have contributed in providing the cost data included in this report are reputable entities with experience in Central Florida.

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

As District Engineer:
Poulos & Bennett, LLC

Eric E. Warren, PE
State of Florida Professional Engineer No. 45423

Tohoqua Community Development District
Third Supplemental Engineer's Report for Phase 4A / SA (Phase 4A/5A Project)

Exhibits

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EXHIBIT 12-1
Tohoqua  CDD Phases 4.A
Third Supplemental Engineers Report for Phase 4.A/SA (Phase 4A/5A Project) Estimate of Probable Capital Improvement Costs
November 24, 2020

Facility	Estimated Cost

Earthwork (Excavation, Grading & Erosion Control)	$	344,263.92	
Stormwater System (Pipes & Structures)	$	788,534.75	
Potable Water Distribution System (Pipes, Fittings, Valves, etc.)	$	260,711.50	
Sanitary Sewer System (Pipes & Structures)	$	1,300,849.05	
Reclaimed Water Distribution System (Pipes, Fittings, Valves, etc.)	$	121,102.95	
Landscape & Hardscape (Landscaping, Sidewalk & Sod)	$	387,665.00	
Offsite Improvements (Reclaim Main)	$	130,458.23	

Subtotal	
$	3,333,585.39	
Professional Fees (10%)	$	333,358.54	
Inspection, Survey & Testing Fees (5%)	$	166,679.27	

Subtotal	
$	3,833,623.20	
Contingency (10%)	$	383,362.32	

Total	
$	4,216,985.52	

EXHIBIT 12-2
Tohoqua CDD Phases SA
Third Supplemental Engineers Report for Phase 4A/5A (Phase 4A/5A Project) Estimate of Probable Capital Improvement Costs
November 24, 2020

Facility	Estimated Cost

Earthwork (Excavation, Grading & Erosion Control)		$	119,161.90	
Stormwater System (Pipes & Structures)		$	694,876.00	
Potable Water Distribution System (Pipes, Fittings, Valves, etc.)		$	226,862.00	
Sanitary Sewer System (Pipes & Structures)		$	325,610.35	
Reclaimed Water Distribution System (Pipes, Fittings, Valves, etc.)		$	97,064.60	
Landscape & Hardscape (Landscaping, Sidewalk & Sod)		$	359,743.50	
Offsite Improvements (Reclaim Main)		$	130,458.23	

Subtotal		
$	1,953,776.58	
Professional Fees (10%)		$	195,377.66	
Inspection, Survey & Testing Fees (5%)		$	97,688.83	

Subtotal		
$	2,246,843.06	
Contingency (10%)		$	224,684.31	

Total		
$	2,471,527.37	

EXHIBIT 13-1
Tohoqua CDD Permit Approval Log Master Permits

DATE:   10/21/2020	BY: 		PROJECT NUMBER(S): 12-044	 	
COMMUNITY: 	Master  Project		

PERMIT TYPE (IE:
Wetland, Land Use, Sewer Extension)	

ISSUING AGENCY	

APPLICATION NUMBER	

PERMIT NUMBER	

DESCRIPTION OF PERMITTED ACTIVITY (IE:
Subdivision Approval Phase 2)	

CONSULT
-ANT	CURRENT STATUS (IE: Not
Yet Submitted, In Review, 2nd Submittal, Approved, Extended, Expired, Closed
Out, etc.	

DATE SUBMITTED	

DATE ISSUED	
DRI Rescission	Osceola
Countv	DRI0G-0011	DRI0G-0011	DRI Rescission	-	Approved		6/20/2016	
Concept Plan	Osceola
County	CP14-00004	CD14-00004	Concept Plan	-	Approved		2/3/2016	
Site Development Plan	Osceola
Countv	SDPlS-0017	SDPlS-0017	Mass Grading & Master Stormwater Plan
Phase 1	-	Approved		8/31/2016
1/20/2017	
Utilities Approval	City of St.
Cloud	-		Master Utility Plan	-	Approved			
Conservation Easement
Recording	SFWMD	-	E2017025709851
03P10	Deed of Conservation Easement	-	Approved		2/15/2019	
Environmental Resource Permit (ERP)	
SFWMD	
150225-18	
49-02426-P	Conceptual/Construction of a Stormwater Management System	
-	
Approved		
12/8/2016	

FDEP NPDES NOi	

FDEP	
-	
FLR20DY10-001	Notice of Intent to Use Generic Permit for Stormwater Discharge from Large and Small Construction Activities and
Dewateriniz Ooerations	
-	
Approved		
10/9/2020	
Fill Permit	ACOE	-	SAJ-2015-00814
(SP-JSC)	Authorization to fill 32.65 acres of waters
of the US for construction	-	Approved		
2/17/2017	
Drainage Connection
Permit	FDOT	-	2016-D-853-005	Drainage Connection Permit	-	Approved		
6/15/2016	

EXHIBIT 13-2
Tohoqua CDD Permit Approval Log Phase 4

DATE:  10/21/2020	BY:	PROJECT NUMBER(S): 18-139
 	 	
COMMUNITY:	Tohoqua Phase 4	

PERMIT TYPE (IE:
Wetland, Land Use, Sewer Extension)	

ISSUING AGENCY	

APPLICATION NUMBER	

PERMIT NUMBER	

DESCRIPTION OF PERMITTED ACTIVITY (IE:
Subdivision Approval Phase 2)	

CONSULT
-ANT	CURRENT STATUS (IE: Not
Yet Submitted, In Review, 2nd Submittal, Approved, Extended, Expired, Closed Out, etc.	

DATE SUBMITTED	

DATE ISSUED	
Preliminary Subdivision Plan (PSP)	City of St. Cloud			
Preliminary Subdivision Plan	
-	
Approved			
Subdivision Construction
Plans	City of St.
Cloud	DRCCase#
19-45.03	DRCCase#
19-45.03	Subdivision Construction Plan Phase 4	-	Approved		2/11/2020	
Environmental Resource
Permit (ERP)	SFWMD	200319-3059	49-102625-P	Environmental Resource Permit
(Constru ction/ Operation Modification)	-	Approved		1/24/2020	
Potable Water Permit	FDEP	-	0076597-476-DS	Potable Water General Permit	-	Approved		2/25/2020	
Wastewater Permit	FDEP	-	0354122-002-
DWC/ CM	Wastewater General Permit	-	Approved		3/18/2020	
Plat Submittal	Osceola
Countv	TBD	TBD	Subdivision Plat	-	Not Yet Submitted		TBD	

EXHIBIT 13-3
Tohoqua CDD  Permit Approval Log Phase 5

DATE:  10/21/2020	BY:	PROJECT NUMBER(S): 18-139
 	 	
COMMUNITY:	Tohoqua Phase 5	

PERMIT TYPE (IE:
Wetland, Land Use, Sewer Extension)	

ISSUING AGENCY	

APPLICATION NUMBER	

PERMIT NUMBER	

DESCRIPTION OF PERMITTED ACTIVITY (IE:
Subdivision Approval Phase 2)	

CONSULT
-ANT	CURRENT STATUS  (IE: Not
Yet Submitted, In Review, 2nd Submittal, Approved, Extended,  Expired, Closed
Out, etc.	

DATE SUBMITTED	

DATE ISSUED	
Preliminary Subdivision Plan (PSP)	City of St. Cloud			
Preliminary Subdivision Plan	
-	
Approved			
Subdivision Construction
Plans	City of St.
Cloud	DRCCase#
19-45.04	DRCCase#
19-45.04	Subdivision Construction Plan Phase 5	-	Approved		2/11/2020	
Environmental Resource Permit (ERP)	
SFWMD	
200319-3059	
49-102625-P	Environmental Resource Permit (Construction/Operation Modification)	
-	
Approved		
1/24/2020	
Potable Water Permit	FDEP	-	0076597-477-DS	Potable Water General Permit	-	Approved		2/25/2020	
Wastewater Permit	FDEP	-	0354122-003-
DWC/CM	Wastewater General Permit	-	Approved		3/18/2020	
Wildlife Permit	USFWS	-	MB33614D-0	Short-Term Eagle Incidental Take Permit	-	Approved		7/11/2019	
Plat Submittal	Osceola
County	TBD	TBD	Subdivision Plat	-	Not Yet Submitted		TBD	

SERIES 2021 ASSESSMENT METHODOLOGY

Tohoqua Community Development District Series 2021 Supplemental Assessment Methodology for Assessment Area Three (Phase 4A/5A Project), dated February 3, 2021

[See attached.]

Resolution 2021-12 Finalizing Assessments Tohoqua Community Development Dis trict
Series 2021 Bond s - Phase 4A/5A (Phase 4A/5A Project)

TOHOQUA COMMUNITY DEVELOPMENT DISTRICT SERIES 2021
SUPPLEMENTAL ASSESSMENT METHODOLOGY FOR
ASSESSMENT AREA THREE (PHASE 4A/5A PROJECT)

Date: February 3, 2021

Prepared by

Governmental Management Services - Central Florida, LLC 219 E. Livingston St.
Orlando, FL 32801

Table of Contents
Introduction	3
Purpose	3
Background	3
Special Benefits and General Benefits	4
Requirements of a Valid Assessment Methodology	5
Special Benefits Exceed the Costs Allocated	5
Assessment Methodology	5
Overview	5
Allocation of Debt	6
Allocation of Benefit	6
Lienability Test: Special and Peculiar Benefit to the Property	7
Lienability Test: Reasonable and Fair Apportionment of the Duty to Pay Non-Ad Valorem Assessments	7
3.0 True-Up Mechanism ............................................•.	8
4.0 Assessment Roll	9
5.0 Appendix	10
Table 1: Development Program	10
Table 2: Capital Improvement Cost Estimates	11
Table 3: Bond Sizing	12
Table 4: Allocation of Improvement Costs	13
Table 5: Allocation of Total Par Debt to Each Product Type	14
Table 6: Par Debt and Annual Assessments	15
Table 7: Preliminary Assessment Roll	16
GMS-CF, LLC does not represent the Tohoqua Community Development District as a Municipal Advisor or Securities Broker nor is GMS-CF, LLC registered to provide such services as described in Section 15B of the Securities and Exchange Act of 1934, as amended.
Similarly, GMS-CF, LLC does not provide the Tohoqua Community Development District with financial advisory services or offer investment advice in any form.

Introduction

The Tohoqua Community Development District (the "District") is a local unit of special-purpose government organized and existing under Chapter 190, Florida Statutes as amended. The District plans to issue approximately $2,690,000 of tax exempt bonds (the "Series 2021 Bonds" or "Bonds") for the purpose of financing infrastructure improvements within an assessment area within the District referred to as Assessment Area Three. The infrastructure improvements to be financed are cumulatively referred to as the Phase 4A/SA Project and are more specifically described in the Second Supplemental Engineer's Report dated February 3, 2021, prepared by Poulos and Bennet, Inc., as may be amended and supplemented from time to time (the "Engineer's Report"). The District anticipates the construction of infrastructure improvements that benefit property owners within Assessment Area Three of the District.

Purpose

This Supplemental Assessment Methodology for Assessment Area Three (the "Assessment Report'') provides for an assessment methodology that allocates the debt to be incurred by the District to benefiting properties within Assessment Area Three within the District. This Assessment Report allocates the debt to properties based on the special benefits each receives from the Phase 4A/SA Project. This Assessment Report is designed to conform to the requirements of Chapters 190 and 170, Florida Statutes with respect to special assessments and is consistent with our understanding of case law on this subject.

The District intends to impose non-ad valorem special assessments on the benefited lands within Assessment Area Three within the District based on this Assessment Report. It is anticipated that all of the proposed special assessments will be collected through the Uniform Method of Collection described in Chapter 197.3632, Florida Statutes or any other legal means available to the District. It is not the intent of this Assessment Report to address any other assessments, if applicable, that may be levied by the District, a homeowner's association, or any other unit of government.

Background

The District currently includes approximately 784 acres in Osceola County, Florida. Assessment Area Three comprises 64.54 developable acres within the District. The development program for Assessment Area Three of the District currently envisions approximately 249 residential units. The proposed development program is depicted in Table 1. It is recognized that such land use plan may change, and this Assessment Report will be modified or supplemented accordingly.

The improvements contemplated by the District in the Phase 4A/SA Project will provide facilities that benefit certain property within the District. Specifically, the District will construct and/ or acquire certain earthwork, stormwater systems, potable water distribution systems, sanitary sewer systems, reclaimed water distribution systems,

landscape and hardscape, and professional fees along with related  incidental  costs. The acquisition and construction costs are summarized in Table 2.

The assessment methodology is a four-step process.

The District Engineer must first determine the public infrastructure improvements that may be provided by the District and the costs to implement the Phase 4A/ SA Project.
The District Engineer determines the assessable acres that benefit from the District's Phase 4A/SA Project.
A calculation is made to determine the funding amounts necessary to acquire and/ or construct the Phase 4A/ SA Project.
This amount is initially divided equally among the benefited properties on a prorated assessable acreage basis. Ultimately, as land is platted, this amount will be assigned to each of the benefited properties based on the number of platted units.

Special Benefits and General Benefits

Improvements undertaken by the District create special and peculiar benefits to the assessable property within the Assessment Area Three within the District, different in kind and degree than general benefits, for properties within the District as well as general benefits to the public at large.

However, as discussed within this Assessment Report, these general benefits are incidental in nature and are readily distinguishable from the special and peculiar benefits, which accrue to property within Assessment Area Three within the District. The implementation of the Phase 4A/SA Project enables properties within the boundaries of Assessment Area Three within the District to be developed. Without the District's Phase 4A/SA Project, there would be no infrastructure to support development of land within Assessment Area Three within the District. Without these improvements, development of the property within Assessment Area Three of the District would be prohibited by law.

There is no doubt that the general public and property owners outside of Assessment Area Three within the District will benefit from the provision of the Phase 4A/SA Project. However, these benefits will be incidental for the purpose of the Phase 4A/SA Project, which is designed solely to meet the needs of property within Assessment Area Three within the District. Properties outside of Assessment Area Three within the District boundaries do not depend upon the District's Phase 4A/SA Project. The property owners within Assessment Area Three within the District are therefore receiving special benefits not received by those outside Assessment Area Three and outside the District's boundaries.

Requirements of a Valid Assessment Methodology

There are two requirements under Florida law for a valid special assessment:

The properties must receive a special benefit from the improvements being paid for.
The special assessments must be fairly and reasonably allocated to the properties being assessed based on the special benefit such properties receive.

Florida law provides for a wide application of special assessments that meet these two characteristics of special assessments.

Special Benefits Exceed the Costs Allocated

The special benefits provided to the property owners within  the  District  will be greater than the costs associated with providing these benefits. The District Engineer  estimates that the District's Phase 4A/SA Project that is necessary to support full development of Assessment Area Three will cost approximately $6,688,S13.  However, the District is only financing a portion of the  Phase 4A/ SA Project with the Series 2021 Bonds.  The balance of the Phase 4A/SA Project will befunded with Developer Contributions and/or future  bond issue(s). The District's Underwriter projects that financing costs required to fund a portion of the Phase 4A/SA Project costs,  the cost of  issuance of  the  Bonds, the funding of a debt service reserve account and capitalized interest is $2,690,000. Without the Phase 4A/SA Project, the property within Assessment Area Three of the District would not be  able to be developed and occupied by future residents of the community.

Assessment Methodology

Overview

The District plans to issue approximately $2,690,000 in Bonds to fund a portion of the District's Phase 4A/ SA Project, provide for capitalized interest, a debt service reserve account and pay cost of issuance. It is the purpose of this Assessment Report to allocate the $2,690,000 in debt to the properties within Assessment Area Three benefiting from the Phase 4A/SA Project.

Table 1 identifies the land uses as identified by the Developer within Assessment Area Three of the District. The District has commissioned an Engineer's Report that includes estimated construction costs for the Phase 4A/SA Project needed to support the development, which these construction costs are outlined in Table 2. The improvements needed to support the development are described in detail in the Engineer's Report and are estimated to cost $6,688,S13. Based on the estimated costs, the size of the bond issue under current market conditions needed to generate funds to pay for a portion of the Phase 4A/5A Project and related costs was determined by the District's Underwriter to

total approximately $2,690,000. Any additional funds needed to complete the  Phase 4A/5A Project will be funded by developer contributions or future bond issues. Table 3 shows the breakdown of the bond sizing.

Allocation of Debt

Allocation of debt is a continuous process until the development plan is completed. Until the platting process occurs, the Phase 4A/5A Project funded by the District's Series 2021 Bonds will benefit all acres within Assessment Area Three within the District.

The initial assessments will be levied on an equal acreage basis to all gross acreage within the Assessment Area Three of the District. A fair and reasonable methodology allocates the debt incurred by the District proportionately to the properties receiving the special benefits. At this time all of the lands within Assessment Area Ilrree within the District are benefiting from the improvements.

Once platting or the recording of a declaration of condominium of any portion of the District into individual lots or units ("Assigned Properties") has begun, the assessments will be levied to the Assigned Properties based on the benefits they receive, on a first platted, first assigned basis. The "Unassigned Properties" defined as property that has not been platted or subjected to a declaration of condominium, will continue to be assessed on a per acre basis. Eventually the development plan will be completed and the debt relating to the bonds will be allocated to the planned 249 residential units within Assessment Area Three within the District, which are the beneficiaries of the Phase 4A/5A Project, as depicted in Table 5 and Table 6. If there are changes to development plan, a true up of the assessment will be calculated to determine if a debt reduction or true-up payment from the Developer is required. The process is outlined in Section 3.0.

Until all the land within the District has been platted and sold, the assessments on the portion of the land that has not been platted and sold are not fixed and determinable. The reasons for this are (1) until the lands are platted, the number of developable acres within each tract against which the assessments are levied is not determined; (2) the lands are subject to re-plat, which may result in changes in development density and product type; and (3) until the lands are sold it is unclear of the timing of the absorptions. Only after the property has been platted and sold will the developable acreage be determined, the final plat be certain, the developable density known, the product types be confirmed, and the timing of the sales solidified.

The assignment of debt in this Assessment Report sets forth the process by which debt is apportioned. As mentioned herein, this Assessment Report will be supplemented from time to time.

Allocation of Benefit

The Phase 4A/5A Project consists of certain earthwork, stormwater systems, potable water distribution systems, sanitary sewer systems, reclaimed water distribution

systems, landscape and hardscape, and professional fees along with related incidental costs. There are currently four product types within the planned development of Assessment Area Three. The single family 50' home has been set as the base unit and has been assigned one equivalent residential unit ("ERU") as represented in the Master Assessment Report. Table 4 shows the allocation of benefit to the particular land uses. It is important to note that the benefit derived from the Phase 4A/5A Project on the particular units exceeds the cost that the units will be paying for such benefits.

Lienability Test: Special and Peculiar Benefit to the Property

Construction and/or acquisition by the District of its proposed Phase 4A/ SA Project will provide several types of systems, facilities and services for its residents. These include construct and/or acquire certain earthwork, stormwater systems, potable water distribution systems, sanitary sewer systems, reclaimed water distribution systems, landscape and hardscape, and professional fees along with related incidental costs. These improvements accrue in differing amounts and are somewhat dependent on the type of land use receiving the special benefits peculiar to those properties, which flow from the logical relationship of the improvements to the properties.

Once these determinations are made, they are reviewed in the light of the special benefits peculiar to the property, which flow to the properties as a result of their logical connection to the improvements in fact actually provided.

For the provision of the Phase 4A/5A Project, the special and peculiar benefits are:

the added use of the property,
added enjoyment of the property, and
the probability of increased marketability and value of the property.

These special and peculiar benefits are real and ascertainable but are not yet capable of being calculated as to value with mathematical certainty. However, each is more valuable than either the cost of, or the actual non-ad valorem special assessment levied for the improvement or the debt as allocated.

Lienability Test: Reasonable and Fair Apportionment of the Duty to Pay Non-Ad Valorem Assessments

A reasonable estimate of the proportion of special and peculiar benefits received from the public improvements described in the Engineer's Report is delineated in Table 5 (expressed as Allocation of Par Debt per Product Type).

The determination has been made that the duty to pay the non-ad valorem special assessments is fairly and reasonably apportioned because the special and peculiar benefits to the property derived from the acquisition and/or construction of the Phase 4A/5A Project have been apportioned to the property within the District according to

reasonable estimates of the special and peculiar benefits provided consistent with the land use categories.

Accordingly, no acre or parcel of property within Assessment Area Three within the bormdaries of the District will have a lien for the payment of any non-ad valorem special assessment more than the determined special benefit peculiar to that property and therefore, the debt allocation will notbe increased more than the debt allocation set forth in this Assessment Report.

In accordance with the benefit allocation suggested for the product types in Table 4, a total debt per unit and an annual assessment per unit have been calculated for each product type (Table 6). These amormts represent the preliminary anticipated per unit debt allocation assuming all anticipated units are built and sold as planned, and the entire proposed Phase 4A/5A Project is constructed.

3.0	True Up Mechanism

Although the District does not process plats, declaration of condominiums, site plans or revisions thereto for the developer, it does have an important role to play during the course of platting and site planning. Whenever a plat, declaration of condominium or site plan is recorded, the District must allocate a portion of its debt to the property according to this Assessment Report outlined herein. In addition, the District must also prevent any buildup of debt on Unassigned Properties. Otherwise, the land could be fully conveyed and/or platted without all of the debt being allocated. To preclude this, at the time Unassigned Properties become Assigned Properties, the District will determine the amormt of anticipated assessment revenue that remains on the Unassigned Properties, taking into accormt the proposed plat, or site plan approval. If the total anticipated assessment revenue to be generated from the Assigned and Unassigned Properties is greater than or equal to the maximum annual debt service then no debt reduction or true-up payment is required. In the case that the revenue generated is less than the required amormt then a debt reduction or true-up payment by the landowner in the amormt necessary to reduce the par amormt of the outstanding bonds plus accrued interest to a level that will be supported by the new net annual debt service assessments will be required.

Assessment Roll

The District will initially distribute the lien across the property on a gross acreage basis of Assessment Area Three. As Assigned Properties becomes defined with certainty, the District will refine its allocation of debt from a per acre basis to a per unit basis as shown in Table 6. If the land use plan changes, then the District will update Table 6 to reflect the changes as part of the foregoing true-up process. As a result, the assessment liens are neither fixed nor are they determinable with certainty on any acre of land in Assessment Area Three of the District prior to the time final Assigned Properties become known. The current assessment roll is attached as Table 7.

TABLE 1
TOHOQUA COMMUNITY DEVELOPMENT DISTRICT DEVELOPMENT PROGRAM
SUPPLEMENTAL ASSESSMENT METHODOLOGY FOR ASSESSMENT AREA THREE

!Land Use	Phase 4A	Phase SA	Total Units	ERUs per Unit (1)	Total ERUs	
Multi-Family - Duplex 33'	0	68	68	0.60	41	
Single Family - 32'	57	0	57	0.65	37	
Single Family- 40'	37	0	37	0.80	30	
Single Family- 50'	21	66	87	1.00	87	
!Total Units	115	134	249		194	

Benefit is allocated on an ERU basis; based on density of planned development, with Single Family 50 = 1 ERU

Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

TABLE 2
TOHOQUA COMMUNITY DEVELOPMENT DISTRICT INFRASTRUCTURE COST ESTIMATES
SUPPLEMENTAL ASSESSMENT METHODOLOGY FOR ASSESSMENT AREA THREE

Phase 4A/5A Project Capital Improvement Plan {"CIP")  (1)   Phase 4A	Phase SA	Total Cost Estimat

Earthwork Stormwater Systems
Potable Water Distribution System Sanitary Sewer System
Reclaimed Water Distribution System Landscape & Hardscape
Offsite Improvements Professional Fees
Inspection, Survey, and Testing
Contingencies

344,264
$788,535
$260,712
$1,300,849
$121,103
$387,665
$130,458
$333,359
$166,679
$383,362

119,162	463,426
$694,876	$1,483,411
$226,862	$487,574
$325,610	$1,626,459
$97,065	$218,168
$359,744	$747,409
$130,458	$260,916
$195,378	$528,736
$97,689	$264,368
$224,684	$608,047

$4,216,986	$2,471,527	$6,688,513I

(1) A detailed description of these improvements is provided in the revised Engineer's Report dated February 3, 2021

Prepared by: Governmental Management Services - Central Florida, LLC

TABLE 3
TOHOQUA COMMUNITY DEVELOPMENT DISTRICT BOND SIZING
SUPPLEMENTAL ASSESSMENT METHODOLOGY FOR ASSESSMENT AREA THREE

Construction Funds	$2,318,552	
Debt Service Reserve	$75,398	
Capitalized Interest	$67,250	
Underwriters Discount	$53,800	
Cost of Issuance	$175,000	

IDescription	Total	I

IPar Amount	$2,690,000I
Bond Assumptions:
Average Coupon Rate	3.75%
Amortization	30 years
Capitalized Interest	8 Months
Debt Service Reserve	50% Max Annual
Underwriters Discount	2%

Prepared by: Governmental Management Services - Central Florida, LLC

TABLE 4
TOHOQUA COMMUNITY DEVELOPMENT DISTRICT ALLOCATION OF IMPROVEMENT COSTS
SUPPLEMENTAL ASSESSMENT METHODOLOGY FOR ASSESSMENT AREA THREE

Land Use	

No. of Units *	

ERU Factor	

Total ERUs	
% of Total ERUs	
Total Improvement Costs Per Product Type	
Improvements Per Unit	
Multi-Family - Duplex 33'	68	0.60	40.80	20.98%	$1,403,401	$20,638	
Single Family- 32'	57	0.65	37.05	19.05%	$1,274,412	$22,358	
Single Family- 40'	37	0.80	29.60	15.22%	$1,018,154	$27,518	
Single Family- 50'	87	1.00	87.00	44.74%	$2,992,546	$34,397	

I	Totals	249	194	100.00%	$6,688,513
* Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

TABLE 5
TOHOQUA COMMUNITY DEVELOPMENT DISTRICT ALLOCATION OF TOTAL PAR DEBT TO EACH PRODUCT TYPE
SUPPLEMENTAL ASSESSMENT METHODOLOGY FOR ASSESSMENT AREA THREE

Land Use	

No. of Units *	

% of Total ERUs	
Improvements Costs Per Product Type	Allocation of Par Debt Per Product
Type	

Par Debt Per Unit	
Multi-Family- Duplex 33'	68	20.98%	$1,403,401	$564,423	$8,300	
Single Family- 32'	57	19.05%	$1,274,412	$512,546	$8,992	
Single Family- 40'	37	15.22%	$1,018,154	$409,483	$11,067	
Single Family- SO'	87	44.74%	$2,992,546	$1,203,548	$13,834	
I	Totals	249	100%	$6,688,513	$2,690,000	

* Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida , LLC

TABLE 6
TOHOQUA COMMUNITY DEVELOPMENT DISTRICT
PAR DEBT AND ANNUAL ASSESSMENTS FOR EACH PRODUCT TYPE SUPPLEMENTAL ASSESSMENT METHODOLOGY FOR ASSESSMENT AREA THREE

Land Use	

No. of Unit s *	
Allocation of Par
Debt Per Product Type	

Total Par Debt Per Unit	
Maximum
Annual Debt Service	Net Annual Debt Assessment Per Unit	Gross Annual Debt Assessment
Per Uni t (1)	
Multi-Family - Duplex 33'	68	$564,423	$8,300	$31,640	$465.30	$495.00	
Single Family - 32'	57	$512,546	$8,992	$28,732	$504.08	$536.25	
Single Family - 40'	37	$409,483	$11,067	$22,955	$620.40	$660.00	
Sin le Famil - 50'	87	$1,203,548	$13,834	$67,469	$775.50	$825.00	
Totals	249	$2,690,000		$150,796			

(1) This amount includes collection fees and early payment discounts when collected on the Osceola County Tax Bill

Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

TABLE 7
TOHOQUA COMMUNITY DEVELOPMENT DISTRICT PRELIMINARY ASSESSMENT ROLL
SUPPLEMENTAL ASSESSMENT METHODOLOGY FOR ASSESSMENT AREA THREE

Owner	Property ID #'s*	

Acres	Total Par Debt
Allocation Per Acre	
Total Par Debt Allocated	Net Annual Debt
Assessment Allocation	Gross Annual
Debt Assessment Allocation (1)	
	Pulte Homes		See Le al Descri	ion	64.54	$41,680	$	2,690,000	$	150,796	$	160,421		
		Totals			64.54			$	150,796	$	160,421		

(1) This amount includes 6% to cover collection fees and early payment discounts when collected utilizing the uniform method.

30
3.75%
$150,796

Annual Assessment Periods Average Coupon Rate(%)
Maximum Annual Debt Service

* - See Metes and Bounds, attached as Exhib it A

Prepared by: Governmental Management Services - Central Florida, LLC

Legal Description

PARCEL ONE

A portion of Lot 3; Lot 4; a portion of Lots 5 and 6; and a portion of Lots 12, 13 and 14, Block 31, along with portions of the platted right-of-way per THE FLORIDA DRAINED LAND COMPANY'S SUBDIVISION NO. 1, according to the plat thereof, as recorded in Plat Book "B", Pages 65 and 66, Public Records of Osceola County, Florida;

TOGETHER WITH:

A portion of Lots 32 and 33, Block 40; a portion of Lots 1 and 2; and Lots 3,4 and 5; and
a portion of Lots 6, 7, 29 and 30; and Lots 31 through 36; Block 45; a portion of Lots 19 and 20; Block 46; a portion of Lots 15 and 16; and Lots 17 through 22; and a portion of Lots 23 and 24, Block 55; Lots 1 through 7; a portion of Lots 8, 28 and 29; and Lots 30
through 36, Block 56; Lots 1 through 8; a portion of Lots 9 and 27; and Lots 28 through
36, Block 61; A portion of Lots 4 through 11; Lots 12 through 30; and a portion of Lots 31 through 33, Block 62; A portion of Lot 5; and Lots 6 through 31; and a portion of Lot 32, Block 71; Lots 1 through 9; and a portion of Lots 10, 11, and 26 through 34; and Lots 35 and 36, Block 72; along with portions of the platted right-of-ways per TOLIGA MANOR - UNIT B, according to the plat thereof, as recorded in Plat Book 1, Page 139, Public Records of Osceola County, Florida.

All the above situated in Section 5, Township 26 South, Range 30 East, Osceola County, Florida, being more particularly described as follows:

Commence at the southwest comer of the Southwest 1/4 of said Section 5; thence run S 89°42'48" E, along the south line of the Southwest 1/4 of said Section 5, a distance of 1660.75 feet; thence, departing said south line, run N 00°17'12" E, a distance of 1245.54 feet for the POINT OF BEGINNING; thence run N 86°56'1 l" W, a distance of 494.93 feet; thence run N 65°05'57" W, a distance of 357.94 feet to a point of curvature of a non­ tangent curve, concave southeasterly, having a radius of 5,099.00 feet; thence, on a chord bearing ofN 31°18'51" E and a chord distance of 283.69 feet, run northeasterly along the arc of said curve, a distance of 283.73 feet, through a central angle of 03°11'17" to a point of reverse curvature of a curve, having a radius of 1,395.00 feet and a central angle of 10°18'01"; thence run northeasterly, along the arc of said curve, a distance of250.79 feet to the intersection with a curve, concave northeasterly, having a radius of 7,554.00 feet; thence, on a chord bearing ofN 73°02'11" Wand a chord distance of 113.33 feet, run westerly along the arc of said curve, a distance of 113.33 feet, through a central angle of 00°51'34" to a point of reverse curvature of a curve, having a radius of 25.00 feet and a central angle of 83°10'42"; thence run southwesterly, along the arc of said curve, a distance of 36.29 feet to a point on a non-radial line; thence run N 65°47'06" W, a distance of 38.00 feet to a point of curvature of a non-tangent curve, concave westerly,

having a radius of 1,222.00 feet; thence, on a chord bearing ofN 23°23'36 11 E and a chord distance of 35.05 feet, run northeasterly along the arc of said curve, a distance of 35.05 feet, through a central angle of 01°38'36" to the point of tangency thereof; thence run N 22°34'1811   E, a distance of 605.48 feet; thence run S 67°25'42" E, a distance of38.00 feet; thence run S 22°34' l 811   W, a distance of 2.00 feet to a point of curvature of a curve, concave northeasterly, having a radius of 25.00 feet and a central angle of91°37'3111 ; thence run southeasterly, along the arc of said curve, a distance of 39.98 feet to a point of compound curvature of a curve, having a radius of 668.00.feet and a central angle of 40°18'36"; thence run easterly, along the arc of said curve, a distance of 469.97 feet to the point of tangency thereof; thence run N 70°38'1 l" E, a distance of 477.63 feet to a point of curvature of a curve, concave southerly, having a radius of 527.00 feet and a central angle of 19°10'2911 ;    thence run easterly, along the arc of said curve, a distance of 176.37 feet to the point of tangency thereof; thence run N 89°48'41" E, a distance of 66.83 feet to a point of curvature of a curve, concave northwest, having a radius of 25.00 feet and a central angle of 91°21'16"; thence run northeasterly, along the arc of said curve, a distance of 39.86 feet to a point on the westerly line of the additional right-of-way parcel

as recorded in Official Records Book  	

, Page  	

, Public Records of Osceola

County, Florida; said point being a point on a non-tangent curve, concave northwesterly, having a radius of 1,435.00 feet; thence run southerly along said westerly line, the following two (2) courses and distances: on a chord bearing of S 09°32'4411   Wand a chord distance of 551.98 feet, run southerly along the arc of said curve, a distance of
555.44 feet, through a central angle of22°10'38" to a point of reverse curvature of a curve, having a radius of 3,445.00 feet and a central angle of08°45'3 l "; thence run southerly, along the arc of said curve, a distance of 526.62 feet to the intersection with a curve, concave southwesterly, having a radius of 25.00 feet; thence, departing said westerly line, on a chord bearing ofN  33°48'33"  Wand a chord distance of 35.78 feet, run northwesterly along the arc of said curve, a distance of39.87 feet, through a central angle of91°22'1211  to the point of tangency thereof; thence run N 79°29'3911  W, a distance of 270.56 feet to a point of curvature of a curve, concave northerly, having a radius of 7,554.00 feet and a central angle of 01°07'19"; thence run westerly, along the arc of said curve, a distance of 147.90 feet to the intersection with a curve, concave easterly, having a radius of 3,889.00 feet; thence, on a chord bearing of S 08°30'42" Wand a chord distance of 489.22 feet, run southerly along the arc of said curve, a distance of 489.54 feet, through a central angle of 07°12'4411  to the POINT OF BEGINNING.

Containing 30.88 acres, more or less.

PARCEL TWO

A portion of Lot 14, Block 31, THE FLORIDA DRAINED LAND COMPANY'S
SUBDIVISION NO 1, according to the plat thereof, as recorded in Plat Book "B", Pages 65 and 66, Public Records of Osceola County, Florida, lying in Section 5, Township 26 South, Range 30 East, Osceola County, Florida, and being described as follows:

Commence at the southwest corner of the Southwest 1/4 of said Section 5; thence run S 89°42'48" E, along the south line of the Southwest 1/4 of said Section 5, a distance of 1711.75 feet; thence run N 00°17'12" E, a distance of 622.16 feet for the POINT OF BEGINNING; said point lying on a non-tangent curve, concave easterly, having a radius of 1,258.00 feet; thence, on a chord bearing ofN 04°28'51" Wand a chord distance of
16.74 feet, run northerly along the arc of said curve, a distance of 16.74 feet, through a central angle of 00°45'45" to a point of compound curvature of a curve, having a radius of 3,838.00 feet and a central angle of 00°37'51"; thence run northerly along the arc of said curve, a distance of 42.26 feet to a point on a non-radial line; thence run N 86°06'06" E, a distance of 59.00 feet to a point on a non-tangent curve, concave easterly, having a radius of3,779.00 feet; thence, on a chord bearing of S 03°40'18" E, and a chord distance of27.66 feet, run southerly along the arc of said curve, a distance of27.66 feet, through a central angle of 00°25'10" to a point on a non-radial line; thence run N 86°07'07" E, a distance of 10.00 feet to a point on a non-tangent curve, concave easterly, having a radius of3,769.00 feet; thence, on a chord bearing of S 03°59'26" E and a chord distance of
14.35 feet, run southerly along the arc of said curve, a distance of 14.35 feet, through a central angle of 00°13'05" to a point of compound curvature of a curve, having a radius of 1,189.00 feet and a central angle of 00°21'01"; thence run southerly along the arc of said curve, a distance of 7.27 feet to a point on a non-radial line; thence run S 85°33'00" W, a distance of 10.00 feet to a point on a non-tangent curve, concave easterly, having a radius of 1,199.00 feet; thence, on a chord bearing of S 04°40'47" E and a chord distance of9.62 feet, run southerly along the arc of said curve, a distance of9.62 feet, through a central angle of 00°27'34" to a point on a non-radial line; thence run S 86°06'06" W, a distance of 59.01 feet to the POINT OF BEGINNING.

Containing 0.08 acres, more or less.

Legal Description

A portion of Lots 1, 2, 15 and 16, Block 31, along with portions of the platted right-of-way per THE FLORIDA DRAINED LAND COMPANY'S SUBDIVISION NO. 1, according to
the plat thereof, as recorded in Plat Book "B", Pages 65 and 66, Public Records of Osceola County, Florida;

TOGETHER WITH:

Lots 1 and 2, a portion of Lots 3, 4 and 37; and Lots 38 through 40, Block 44; Lots 1
through 3, a portion of Lots 4, 37 and 38; and Lots 39 through 41, Block 57; Lots 1 through
3; a portion of Lots 4, 5, 38 and 39; and Lots 40 through 42, Block 60; and Lots 1 through
3; a portion of Lots 4 through 13, and of Lot 31; and Lots 32 through 43, Block 73; along with portions of the platted right-of-ways per TOLIGA MANOR - UNIT A, according to the plat thereof as recorded in Plat Book 1, Page 129, Public Records of Osceola County, Florida

TOGETHER WITH:

A portion of Lots 9 through 16; Lots 17 through 26; and a portion of Lot 27, Block 45; a portion of Lot 11; and Lots 12 through 25; and a portion of Lot 26, Block 56; a portion of Lot 12; and Lots 13 through 24; and a portion of Lot 25, Block 61; and a portion of Lot 13; and Lots 14 through 22; and a portion of Lot 23, Block 72; along with portions of the platted right-of-ways per TOLIGA MANOR - UNIT B, according to the plat thereof as recorded in Plat Book 1, Page 139, Public Records of Osceola County, Florida.

All the above situated in Section 5, Township 26 South, Range 30 East, Osceola County, Florida.

TOGETHER WITH:

A portion of the unplatted portion of the Southeast 1/4 of Section 5, Township 26 South, Range 30 East, Osceola County, Florida.

All the above being more particularly described as follows:

Commence at the southwest comer of said Section 5; thence run S 89°42'48" E, along the south line of said Section 5, a distance of 2879.17 feet to a point on the northeasterly right-of-way line of Cross Prairie Parkway (previously named Tohoqua Parkway) as recorded in Official Records Book 4010, Page 2871, Public Records of Osceola County, Florida, and the POINT OF BEGINNING; said point being a point on a curve, concave northeasterly, having a radius of 740.00 feet; thence run northerly along the northeasterly right-of-way line of Cross Prairie Parkway, the following three (3) courses and distances:

on a chord bearing ofN 43°35'20" Wand a chord distance of941.18 feet, run northerly along the arc of said curve a distance of 1020.04 feet, through a central angle of 78°58'43" to a point of compound curvature of a curve, having a radius of 3,320.00 feet and a central angle of 24°44'02"; thence run northerly along the arc of said curve, a distance of 1,433.20 feet to a point ofreverse curvature of a curve, having a radius of 1,560.00 feet and a central angle of 13°47'45"; thence run northerly along the arc of said curve, a distance of375.62 feet to a point on a non-radial line; thence, departing said northeasterly right-of-way line, run S 66°56'3 l" E, a distance of 638.92 feet; thence run S 23°03'29" W, a distance of
120.00 feet; thence run S 66°56'31" E, a distance of 66.00 feet; thence run S 23°03'29" W, a distance of 54.00 feet; thence run N 66°56'3 l" W, a distance of 36.58 feet; thence run S 23°03'29" W, a distance of 250.00 feet; thence run S 66°56'3 l" E, a distance of 9.02 feet; thence run S 23°03'29" W, a distance of 179.00 feet; thence run N 66°56'3 l" W, a distance of 39.89 feet; thence run S 23°03'29" W, a distance of 179.00 feet; thence run N 66°56'3l" W, a distance of 16.23 feet; thence run S 23°03'29" W, a distance of 120.00 feet; thence run S 66°56'3 l" E, a distance of 400.20 feet; thence run S 23°35'56" W, a distance of 840.00 feet; thence run S 66°24'04" E, a distance of 120.00 feet; thence run S 75°49'54" E, a distance of 54.74 feet; thence run S 66°24'04" E, a distance of 131.60 feet to a point on the westerly line of Canal C-31, as recorded in Official Records Book 9, Page 343, Public Records of Osceola County, Florida; thence run S 23°01'25" W, along said westerly line, a distance of 372.04 feet to a point on the aforesaid northeasterly right-of-way line of Cross Prairie Parkway; said point lying on a non-tangent curve, concave northeasterly, having a radius of740.00 feet; thence, on a chord bearing ofN 84°21'36" Wand a chord distance of
33.11 feet, run westerly along the arc of said curve and along said northeasterly
right-of-way line, a distance of 33.11 feet, through a central angle of 02°33'49"; to the
POINT OF BEGINNING.

Containing 33.58 acres, more or less.

SECTION VII

RESOLUTION 2021-13

A RESOLUTION OF THE BOARD OF SUPERVISORS OF TOHOQUA COMMUNITY DEVELOPMENT DISTRICT PROVIDING FOR THE REMOVAL AND APPOINTMENT OF TREASURER AND APPOINTMENT OF ASSISTANT TREASURER OF THE DISTRICT, AND PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, Tohoqua Community Development District (hereinafter the "District") is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated within Osceola County, Florida; and

WHEREAS, the Board of Supervisors of the District desires to provide for the removal and appointment of a Treasurer, and appointment of an Assistant Treasurer.

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

Section 1. Jill Burns is appointed Treasurer effective immediately. Effective immediately, the existing Treasurer, Ariel Lovera, is removed.

Section 2. Katie Costa is appointed Assistant Treasurer effective immediately.

Section 3. This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED THIS 3rd DAY OF MARCH, 2021.

TOHOQUA
COMMUNITY DEVELOPMENT DISTRICT

CHAIRNICE-CHAIR

ATTEST:

SECRETARY/ASSISTANT SECRETARY

SECTION VI11

SECTION C

SECTION 1

Tohoqua
Community Development District

Sum mar y of Operat ing Checks

January 28, 2021 to February 22, 2021

	Bank	Date	Check No.'s		Amount	
	
General Fund	
1/28/21	
254-259		
$	17,801.81	
		2/19/21	260-267		$	24,501.63	
					$	42,303.44	
	
Payroll	
Andre Vidrine	
50042		
$	184.70	
		James Dowd	50043		$	184.70	
		Jason Good	50044		$	184.70	
		Mracus Hooker	50045		$	184.70	
					$	738.80	
					$	43,042.24 1	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/23/21
***  CHECK DATES 01/28/2021 - 02/22/2021 ***	TOHOQUA - GENERAL FUND
BANK A GENERAL FUND

PAGE	1

CHECK  VEND# ..•.•INVOICE..••....EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS

STATUS	AMOUNT		..••CHECK..•.• AMOUNT	#

1/28/21 00035

9/13/20
10/25/20
11/08/20
12/20/20

158038
WETLAND 158786
WETLAND 158859
WETLAND 159676 WETLAND

202009 320-53800-47300
MAINT SEPT20
202010 320-53800-47300
MAINT OCT 20
202011 320-53800-47300
MAINT NOV 20
202012 320-53800-47300
MAINT DEC 20

*	1,600.00
*	1,600.00
*	1,600.00
*	1,600.00

- - - - - - - - - - - - -

BIO-TECH CONSULTING INC.

-  - - -  - - -  -  - - -6,-40-0.-0-0 000254

1/28/21 00002	1/01/21
1/01/21
1/01/21
1/01/21
1/01/21
1/01/21
- - - - - - - - - - - - -

141	202101 310-51300-34000
MANAGEMENT FEES JAN2021
141	202101 310-51300-35100
INFORMATION TECH JAN2021
141	202101 310-51300-31300
DISSEMINATION AGENT SVC
141	202101 310-51300-51000
OFFICE SUPPLIES
141	202101 310-51300-42000
POSTAGE
141	202101 310-51300-42500
COPIES
GOVERNMENTAL MANAGEMENT SERVICES

*	3 I  004.17
*	100.00
*	4.16.67
*	.45
*	28.77
*	121.50
-  - -  -  - -  - -  -  -  -3,-67-1.-56- 000255

1/28/21 00014	1/13/21 00235764 202012 320-53800-43100
1700 TOHOQUA BOULEVARDV/L
1/13/21 00235764 202012 320-53800-43000
1650 TOHOQUA BLVB ENT SIG

*	2,425.29
*	15.65

1/13/21

00235764 202012 330-53800-43300
1830 FULFULLMENT DBHSE

*	2,500.57

1/28/21 00023

1/28/21 00024

KISSIMMEE UTILITY AUTHORITY
1/15/21 497238	202101 320-53800-47100
PEST CONTROL
PRO-STAFF TERMITE & PEST CONTROL
1/01/21 6548	202101 320-53800-47200
POOL MAINTENANCE JAN2021

- - - - - - - - - -
*	65.00
-  -  -  -  -  -  - -  - -
*	1,300.00

4,941.51 000256

65.00 000257

ROBERTS POOL SRVC AND REPAIR INC
1/28/21 00012	12/04/20 54105-DE 202012 320-53800-43200
1700 BLK ODD TOHOQUA
12/04/20 54143-DE 202012 320-53800-43200
1600 BLK EVEN BREEZEWOOD
12/04/20 56837-DE 202012 330-53800-43400
1830 FUFILLMENT DR

-  -  - -  -  - -  - -  -  -1-,3-00.-00-
*	1.54
*	26.72
*	1,031.21

000258

TQUA TOHOQUA CDD	!AGUILAR

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 2/23/21
***  CHECK DATES 01/28/2021 - 02/22/2021 ***	TOHOQUA - GENERAL FUND
BANK A GENERAL FUND

PAGE	2

CHECK	VEND# .....INVOICE.•....•.EXPENSED TO...	VENDOR NAME DATE		DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
12/04/20 58025-DE 202012 320-53800-43200
1800 BLK EVEN FUFILLMENT
12/04/20 58482-DE 202012 320-53800-43200
1740-1756 FUFILLMENT

STATUS

*
*

AMOUNT

306.50
57.77

•...CHECK.....
AMOUNT	#

ST. CLOUD UTILITIES
2/19/21 00022	12/03/2016	202012 330-53800-11000
AMENITY MANAGEMENT DEC/20 1/05/2119	202101 330-53800-11000
AMENITY MANAGEMENT JAN21 1/05/2119	202101 330-53eoo-48100
OFFICE SUPPLIES
1/05/2119	202101 310-51300-42000
POSTAGE
1/05/2119	202101 310-51300-42500
COPIES
2/02/2123	202102 330-53800-11000
FACILITY MGMT FEB 2021

-  - -  -  - -  -  - -  -  -1-,4-23.-74-
*	3,000.00
*	3,000.00
*	.78
*	11.60
*	85.80
*	3,000.00

000259

CALM
2/19/21 00036	1/21/21 16176	202101 330-53800-48500
FIRE EXTINGUISHER INSPECT

-  - -  -  - -  - - - -
*	85.00

9,098.18 000260

FLORIDA STATE FIRE EQUIPMENT, LNC.

2/19/21 00002	12/31/20	
	1/01/21	
	1/01/21	
	1/01/21	
	2/01/21	
	2/01/21	

147	202012 320-53800-46700	*
DISINFECTING SVC DEC2020
142	202101 320-53800-12000	*
FIELD MANAGEMENT JAN 21
142	202101 310-51300-42500	*
DEX IMAGING
146	202101 330-53800-48200	*
FACILITY MAINT JAN 2021
151	202102 310-51300-34000	*
MANAGEMENT FEES FEB2021
151	202102 310-51300-35100	*
INFORMATION TECH FEB2021
2/01/21 151	202102 310-51300-31300	*
DISSEMINATION SVC FEB2021
2/01/21 151	202102 310-51300-51000	*
OFFICE SUPPLIES
2/0 /21 151	202102 310-51300-42000	*
POSTAGE
2/01/21 151	202102 310-51300-42500	*
COPIES
2/01/21 152	202102 320-53800-51200	*
FIELD MANAGEMENT FEB2021

1,550.00
1,666.67
100.58
1,250.00
3,004.17
100.00
416.67
.03
1.40
78.45
1,666.67

85.00 000261

TQUA TOHOQUA CDD	!AGUILAR

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/23/21
***  CHECK DATES 01/28/2021 - 02/22/2021 ***	TOHOQUA - GENERAL FUND
BANK A GENERAL FUND

PAGE	3

CHECK	VEND# .....INVOICE•..•....EXPENSED TO...	VENDOR NAME DATE		DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
2/01/21 152	202102 310-51300-49000
DEX IMAGING

STATUS	AMOUNT	..•.CHECK••.•. AMOUNT	#
*	365.67

GOVERNMENTAL MANAGEMENT SERVICES
2/19/21 00004	12/16/20 95861	202012 310-51300-31500
AGREEMENT PROPOSED

- -  -  -  - - - - - -
*	1,508.14

1-0,-20-0.-31-

000262

2/19/21 00006

LATHAM, LUNA, EOEN & BEAUDINE,LLP
1/25/21 17-188(2 202012 310-51300-31100
ENGINEER SVCS DEC 20

-  -  -  - - -  -  - -  - -1-,5-08.-1-4 000263
*	325.00

2/19/21 00023

POULOS & BENNETT, LLC
2/09/21 492196	202012 320-53800-47100
MTHLY PEST CONTROL

-  - -  -  - -  -  - - -  -  -32-5.-00-
*	65.00

000264

2/19/21 00024

PRO-STAFF TERMITE & PEST CONTROL
2/01/21 6635	202102 320-53800-47200
POOL MAINTENANCE FEB 21

-  - -  -  - - -  - - -
*	1,300.00

65.00 000265

2/19/21 00032

ROBERTS POOL SRVC AND REPAIR INC
1/28/21 21-1288	202012 320-53800-46700
JANITORIAL SERVICES

-  - - -  - - -  - -  -  -1-,3-00.-00- 000266
*	1,920.00

WESTWOOD INTERIOR CLEANING INC.	1,920.00 000267

TOTAL FOR BANK A TOTAL FOR REGISTER

42,303.44
42,303.44

TQUA TOHOQUA COD	!AGUILAR

SECTION 2

Tohoqua
Communi ty Development District

Unaudited Financial Reporting
January 31, 2021

Table of Contents

1	 	Balance Sheet 

2-3	 	General Fund 

 	Debt Service Fund 

 	Capital Projects Fund 

6-7	 	Month to Month

8	 	long Term Debt Summary

9-10	 	Series 2018 Construction Schedule

11	 	Assessment Receipt Schedule

Tohoqua
Communit/ D velopment District Co mbined Balance Sheet
January 3'1.,  2021

General
Fund	Debt Service
Fund	Capital Pro1ects
Fund	Totals
Governmental Punc/1·	
Assets:		
Cash
Investments
Series 2018	$	164,136	$	$	$	164,136	
Reserve	$	$	69,039	$	$	69,039	
Revenue	$	$	145,835	$	$	145,835	
Construction	$	$	$	13,383	$	13,383	
Due From General Fund	$	$	4,376	$	$	4,376
Tvl:lll .Assets	s       164,136	$         Z1912H	$	13,383	s 396!769 Liabilities:
Accounts Payable	$	15,093	$	$	$	15,093 Due to Debt Service Debt	$		4,376	$	$	$		4,376 Due to Other	$			283	$	$	$			283

TQt;lJ Lial,Oities	$	19, .7$2	$	$	$	19,752

Fund Balances:
Restri cted For Debt Service	$	$	21 9,250	$		$	219,250 Assigned For Capital Projects	$	$		$	13,383	$		13,383 Unassigned	$         144,383	$		$		$	144,383

Total Fun(;( Balances	$        144,383	$         219,250	$	13,383	$	377,016

Tot,il  Liabilities & Fund Balance	$	164.136	$	2 I 9,250	S	13,383	$	396.769

Tohoqua
Co mmunity Develo pment Dis tr ict
General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance

Fo r The Period  F.n d ing Jan nal·y 3 1., 2021

Bai:lllw.

Developer Contributions	$	699,813	$			$			$ Assessments-Tax Collector (Platted)	$	228,349	$	225,648	$	225,648	$ Assessments- Direct (Un platted)	$	115,755	$		58,274	$		58,274	$
Special Events Revenue	$	1 2,000	$	12,000	$	60	$	(11,940)

	Tot.!i f\eVef!U,

61QJendit1Jres

General & Admintstrotive·	$	l i\!!l.!i,91 6	$	29 92'2	$	,	3 ,98 2	s	(11 ,94 0J		
	Supervisor Fees	$	9,600	$	3,200	
$		1,600	$	1,600		
	FICA Expense	$	734	$	245	$		122	$	122		
	Engineering	$	12,000	$	4,000	$		3,348	$	652		
	Attorney	$	25 ,000	$	8,333	$		7,685	$	648		
	Annual Audit	$	3,500	$	$			$		
	Assessment Administration	$	5,000	$	5,000	$		5,000	$		
	Arbitrage	$	1,200	$	$			$		
	Dissemination	$	10 ,000	$	1,667	$		1.667	$		
	Trustee Fees	$	7,435	$	1,549	$		1,549	$		
	Management Fees	$	36 ,050	$	12,017	$		12,017	$	(OJ		
	Information Technology	$	2.400	$	BOO	$		400	$	400		
	Telephone	$	300	$	100	$		17	$	83		
	Postage	$	1,000	$	333	$		274	$	60		
	Insurance	$	5,700	$	5,700	$		6,138	$	(438)		
	Printing & Binding	$	1,000	$	333	$		1,039	$	(706)		
	Legal Advertising	$	3,800	$	1,267	$			$	1,267		
	Other CurrentCharges	$	1,000	$	333	$		597	$	(264)		
	Properw Taxes	$	$	$		4,319	$	(4,319)		
	Office Supplies	$	625	$	208	$		5	$	204		
	Dues , Licenses & Subscrip tion s	$	175	$	175	$		175	$		
	Totil!Generill &AdJIIIIJlstr-llµve:	$	126,519	$	45 60	$		45,952	$	(f9i}		
	
Maintenance								
	Contract 5crvices								
	Field Management	$	20,000	$	6,667	$		6,667	$	(OJ		
	Amenities Management	$	36,000	$	12,000	$		12,000	$		
	Landscape Maintenance	$	350 ,000	$	116,667	$		32,820	$	83,846		
	Lake Maintenan ce	$	28,080	$	9,360	$		2,030	$	7,330		
	Wetland Maintenance	$	6,400	$	2,133	$		4,800	$	(2,667)		
	Wetland Mitigation Reporting	$	26,000	$	8,667	$			$	8,667		
	Pool Mai ntenan ce	$	20 ,000	$	6,667	$		5,200	$	1,467		
	Pest Control	$	780	$	260	$		260	$		
	Janitorial Services	$	35,100	$	11,700	$		13,480	$	(1,780)		
	Subtotal	$	SZZ,360	$	174,120	s		77,257	$	96,863		

Tohoqua
Community Development District
General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Per io d Endin g Jan na r y 31, 2021

l\dnpte<l	Pror.tt d Budgt·l	\(tu al

Reputes& Moiotenanre		
Landscape Replacement	$	25,000	$	8,333	$		$	8,333	
Irrigation Repairs	$	3,000	$	1,000	$		$	1,000	
Stormwater Inspections	$	14,400	$	4,800	$		$	4,800	
General Repairs & Maintenance	$	1 0,000	$	3,333	$		$	3,333	
Operating Supplies	$	5,000	$	1,667	$	580	$	1,087	
Road & Sidewalk Maintenance	$	3,000	$	1,000	$		$	1,000	
Signage	$	250	$	83	$	197	$	(113)	
Walls- Repair/Cleaning	$	1,500	$	500	$		$	500	
Fencin	$	250	$	83	$		$	83	
Subtotal	$	62,400	$	20,800	$	776	$	20,024	

Pool • Electric	

$	

15,000	

$	5,000	

$	

10,202	

$	(5,202)	
Pool-Water	$	600	$	200	$	2,064	$	(1,864)	
Electric	$	10 ,000	$	3,333	$	42	$	3,292	
Water& Sewer	$	57 ,500	$	19,16 7	$	1,258	$	17,909	
Streetlights	$	75,000	$	25,000	$	7,412	$	17,588	
Gas	$	6,000	$	_ 2,000	$		$	2,000	
Subtotal	$	164,100	$	54,700	$	20,976	$	33,724	

l1lzwli.til:s							
Property Insurance	$	20,000	$	20,000	$	22,642	$	(2,642)	
Pool Attendants	$	12,500	$	4,167	$		$	4,167	
Security Patrol	$	30,000	$	10,000	$		$	10,000	
Pool Repairs & Maintenance	$	9,000	$	3,000	$	5,092	$	(2,092)	
Pool Permits	$	325	$	$		$	
Trash Collection	$	6,000	$	2,000	$		$	2,000	
Telephone	$	1,250	$	417	$		$	417	
Cable/Internet	$	3,750	$	1,250	$		$	1,250	
Access Cards & Equipment Supplies	$	4,000	$	1,333	$	62	$	1,271	
Fire Alarm & Security Monitoring	$	1,000	$	333	$		$	333	
Fire Alarm& Security Monitoring Repairs	$	3,000	$	1,000	$		$	1,000	
Fire Extinguisher Inspections	$	150	$	so	$	85	$	(35)	
Amenity Signage	$	2,000	$	667	$		$	667	
Repairs & Maintenance	$	17,500	$	5,833	$	4,299	$	1,534	
Office Supplies	$	-	2,500	$	833	$	980	(147)	
Special Events	$	12,000	$	378	s	378	$	
Termite Bond	$	300	$	100	$		$	100	
Holidal:'. Decor	$	15,000	$	15,000	$	1 2,251	$	2,749	
Subtotal	$	140,175	$	66,362	$	45,790	$	20,572	

Contingency	

$	

25,000	

$	8,333	

$		

$	8,333	
Capital Reserve	$	15,262	$	$		$	
Subtotal	$	40,262	$	8,333	$		$	8,333	

Total 92erat1ons &Ma1ntena1u:e	 	s	n9,39,	$		324,315	$		144,799	$	179,516 	
Total	$	t SS,9"16	s	369,.575	$	19(1,751	•	178 ,81,♦
Excess  Revenues  (Expenditures}	S	\	''  l   < I

Fund Balan-c;e • Beginnll!K	$	$	S1.153

Toboqua
Community Development District
Debt Service Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
F or   The   Period Emling January 31, 2021

Adopted	Piorated Budget	Actu<1I

Revenues

Special Assessments	$	137,458	$	135,828	$	135,828	$
Interest Income	$	$	$	2	$	2
Total Revenues	s	137,4511	s	135$28	s	13-S,830	$	2
Expenditures·
Geaemf & MwiaMcuttve·
lnterestPayment-11/01	$	49,770	$	49,770	$	49,770	$ Principal Payment- 05/01	$	35,000	$		$		$ InterestPayment-05/01	$	49,770	$		$		$
Total Espendltures	s	134,540	$	49,770	$	49,770	$

l ,'118

Excess Revenues (Expenditures)	$	S	Hh.0/i O
Fund Balance- Beginning	$	63,209	$	133,190

Tohoqua
Community Development- Distrkt
Capital  Projects Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending tanuary :n,ZllZl

Adopted	Prorated 13udget	Actudl

Revenues

Int erest	$	$	$	0	$	0

Total Revenues	s	s	$	0	$	0

Expenditures·

General& Administrative·

Capital Outlay	$	$	$	$

Total BspendJtures	s	s	$	$

Excess Revenues  (Expenditures)	S	S	ll

$

$

1J,383

Tohoqua
Community DeveloplTH nt Dhtrkt
Mouth to Month

ilJ:wlll,:l

Develop er Contrl butions	I	$
Assessments-Tax Collector (Pliltted)			2,397    s	221,602	t,648     $	s	225,648 Assessments• Olrett{Unplatt:td)	8,213	S0,062					SB,274

C1::ucal& Qdmtolstca,lu::·		

SupervisorF'ees	
800		800		$			$	$		$	1,600	
FICA Expense	61		61		$			s		s	122	
Engineering	3,023		3Z5		s			s	$		3,3-18	
Attomey
Annual Audit
Assessment Ad mlnlso-a tion	4,991

5,000	1,187

$	$	1,508			s			7,685

5.000	
Arblltag!!											
Dissemination	417	417	417		417					$	1,667	
TrumeFees	1,549					$				1,549	
M11nagementFees	3,004	3,004	3,004		s	3,004			s		12,017	
Information Ted'lnology	100	100	100		100					100	
Telephone	9		8							17	
Postage	181     $	ZS	28		$	40			$		274	
Insurance	6,636	$			(498)	s	6,138	
Printiflg&Bindlng
Legal Advertising Other Current Charges	8	$
s	638

Z65	86

$	!Bl	308

151		1,039

597	
Property Taxes			4,31 9	$			4,319	
	$	0	$	$		$	$	5	
Dues. Lla,nses & Subscriplions	175	$						$					175	

1'P:talGmef111"- fJUl i
-=	
l S.'9,54,	
111'58	
6,5	•	
3J,i23	s		s	•	s	
4St!S2	
Field Management	1,667	1,667	l,667		1,667	s					6,667	
Amenities Management	3,000	3,000	3,000		3,000	$		$	$		12.000	
Landscape Ma!nrenance	9,987	10,778	12,055	s							32,820	
LakeMatntenanai	1.015	1.015	$								Z,030	
Wedand Maintenance	1,600	1,600	$	1,600	$				$		4,.800	
Welfand M!dgation Reporting
Pool Maintenance	
1,300	
1,300	
1,300		
1,300	s					
5,200	
PestCcntrol	65	65	65		65						260	
Janl1tlf"ia1Servi s	6,480	3,530	3,470	s							13,480	
Subtotal	Z5,1t.1	22,955	23,157	$	6,032			s	s	$	s	77,257	
 &azal,sl !fQtauaaai;t:	
Land scape Repla cement				
s								
lrrigadon Repai rs
Stormwater Inspections								s				
General Repairs & Mainrenance
Operating Supp lles	
55	
5Z5					s				
580	
Road & SidewalkMalnll!nance						$	$			
Signage	197						$				197	
Walls- Repair/Cleanlng						$	$				
Fendn	s							$						s			

Special Events Revenue	60	$	60

'ToW	Ree	at-	1.213	n,!!lt	22"""2		s	.	s	•	•	s	.	s	HJ,	...	

Office Supplies	0    $	3    '	1

coaccocc Serncrs

StJbtOlal	$	251      s	525      s	$	s	s	s	776

Tohoqua
Community l>eve((?()ment Distrt.ct Mondi to Month

l/lllllla
Pool- Electric	4,249	5,952	10,202
Pool- WatEr	1,033	1,031	s	2.064
Electric	12	14    s	16    $	s	s	42
Water&Sewer	147	73     s	1 ,038      s	s	s	1 ,25 8

-	

Streedlght-i	2 , 553      s	2.433    s	2,4ZS     s	s	7,412
Ga,	s	s
Subtotal	$	2,713     $	7,801     $	10,462     $	$	s	s	s	$	Z0,976

PropertylnSllranre	22,612	s	22,642
Pool Attendanl:!i	s
Sec:urityPan-ol				s		
Pool Repairs & Maintenance	1,402	$	2,115	1,575	5,092	
Pool Permits			s	
Trash Collection			s	
Telephone			s	$	
Cable/Internet				
Access Cards & EquipmentSupplles	62	s	$	s	6Z	
Fire Ahmn& Security Monlmrlng		s	s		
Fire Alann& Serurlty Monltothig Repa irs				s	
Are Enlnguisher IMpections	85	$	$	BS	
Amen ! tyS f gnage	$				
Repa!rs&Maintenance	1.799	1,250	$	1,250	s	s	4,299
Office Supplies	979     s	1    s	980
Special £vents	378	378
Termite Bond	$
Holida Oe(X)r	12,251	s	$	s	$	$	12,251

Subtotal	27,263	15,617      s	1,575     s	1,336      s	s	•	$	4 5,790
/Jllw:
Contingenty	$	$	$
Ca  ltalRettrve	l	s	$	$

Subtotal	s	•	s	s	s	s	$

'fo\a; Qeeciltloni-.&:,:JaiQtOnlif1Ci!	$	SS.340-	4,M9Q	is.1  •	1.a 1    $	$	s	s	$	14♦/7'9

.......

lu,t  $	!!,!:.S  J	4J.,Tll

,...,., .s-	s	$	.s-	1,e, ,s 1

-	•

...r11u,... 1• •(U'TI1l 11111,-.

tu.-.,R

1	•	,       1      '	,	\	1·      • •f           \	•          \	•	•	t	•	t

Tohoqua
Community Development District

SERIES 2018, SPECIAL ASSESSMENT REVENUE BONDS

Long Term Debt Report

INTEREST RATES :	4.7%,4.8%	
MATURITY DATE:	5/1/2048	
RESERVE FUND DEFINITION	50% OF MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$69,039	
RESERVE FUND BALANCE	$69,039	

BONDS OUTSTANDING- 02/08/18	

$2,165,000	
LESS: PRINCIPAL PAYMENT-05/01/19	($35,000)	
LESS: PRINCIPAL PAYMENT-05/01/20	($35,000)	
CURRENT BONDS OUTSTANDING	$2,095,000	

Tohoqua
Community Development District

Special Assessment Revenue Bonds, Series 2018

Date	Requisition#	Contractor	Descri ption	Requisition	
Fiscal Year 2018
3/16/18		
Tohoqua Development Group, LLC	
Reimburse Devel oper for Construction Costs related to Tohoqua Phase lA-1 & lA-2	
$ 1,799,045.21	
		TOTAL		$ 1,799,045.21	

Fiscal Year 2018					
3/1/18		Interest		$	206.99	
4/1/18		Intere st		$	147.87	
5/1/18		Interest		$	0.03	
6/1/18		Interest		$	0.03	
7/1/18		Interest		$	0.03	
7/9/18		Transfer from Cost of Issuance		$	12 ,937.11	
8/1/18		Interest		$	2.48	
9/1/18		Interest		$	3.33	
		TOTAL		$	13,297 .87	
			
Project (Construction) Fund at 02/08/18	
$ 1,798,838.22	
			Interest Earned thru 09/30/18	$	13,297.87	
			Requisitions Paid thru 09/30/18	$ (1,799,045 .21)	
			Remaining Project (Construction) Fund	    $	13,090.88 	

Date	

Requisition #	
Contractor	
Description	

Requisition	
Fiscal Year 2019					

TOTAL	$

Fiscal Year 2019
10/1/18	
Interest		
$	3.23		
11/1/18	Inte re st		$	3.34		
11/6/18	Transfer from Capital Interest		$	242.63		
12/1/18	I ntere s t		$	3.28		
1/1/19	Interest		$	3.40		
2/1/19	Interest		$	3.40		
3/1/19	Interest		$	3.07		
4/1/19	Interest		$	3.40		
5/1/19	Interest		$	3.29		
6/1/19	Interest		$	3.40		
7/1/19	Interest		$	3.29		
8/1/19	Intere st		$	2.84		
9/1/19	Interest		$	2.27		
	TOTAL		$	280.84		
		
Project (Construction) Fund at 09/30/18	
$	13,090.88		
		Interest Earned thru 09/30/19	$	280.84		
		Requisitions Paid thru 09/30/19	$		
		Remaining Project (Construction) Fund	$	13,371.72		

Tohoqua
Community Development District

Special Ass ess ment  Revenue Bonds, Series 2018

Date	R!;!iuisition #	Contractor	Descr ie tion	R!;!iuisition Fiscal Vear 2020

	TOTAL		$	

Fiscal Year 2020					
10/1/19	I nter est			$	1.98	
11/1/19	Intere st			$	1.70	
12/1/19	Intere st			$	1.65	
1/1/20	Interest			$	1.70	
2/1/20	Interest			$	1.70	
3/1/20	Interest			$	1.41	
4/1/20	I ntere st			$	0.63	
5/1/20	Intere st			$	0.11	
6/1/20	I ntere st			$	0.11	
7/1/20	Interest			$	0.07	
8/1/20	Inter es t			$	0.06	
9/1/20	I ntere st			$	0.06	
		TOTAL		$	11.18	
			
Project (Construction) Fund at 09/30/19	
$	13,371.72	
			Interest Earned thru 09/30/20	$	11.18	
			Requisitions Paid thru 09/30/20	$	
			Remaining Project [Construction) Fund	    $	13,382.90 	

Date	R!;!iuisi tion #	Contractor	Descri e tion	R!;!iulsi tion Fiscal Year 2021

TOTAL	$

Fiscal Year 2021
10/1/20	I ntere st	$	0.05
11/1/20	Inter est	$	0.06
12/1/20	Inter est	$	0.05
1/5/21	I ntere st	$	0.06
TOTAL	$	0.22
Project (Construction) Fund at 09/30/20	$	13,382.90 Interest Earned thru 01/31/21	$		0.22
Requisitions Paid thru 01/31/21	$
Remaining Project (Construction) Fund	 $	13,383.12 

Tohoqua
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2021

GrossAssessments	$	242,926.00	$	146,228.39	$	389,154.39	
NetAssessments	$	228 ,350.44	$	137,454.69	$	365,805.13	

ON ROLL ASSESSMENTS

62.42%	37.58%
2018 Debt

100.00%

Date	D1stnlwt10n	Gross Amount	Commissions	D1.1cou11t/Penalty	Interest	!\,•c  Receipts	O&M  Portwn	Sennce	Total

11/20/20	ACH	$3,918.72	($78.37)	$0,00	$0.00	$3,840.35	$2,397.30	$1,443.05	$3,840.35	$0.00	
12/15/20	ACH	$367,760.30	($7,061.01)	($14,710.12)	$0.00	$345,989.17	$215,980.51	$130,008.66	$345,989.17	$0.00	
12/22/20	ACH	$9,572.50	($183.79)	($382.90)	$0.00	$9,005.81	$5,621.79	$3,384.02	$9,005.81	$0.00	
01/08/21	ACH	$2,777.88	($53.89)	($83.33)	$0.00	$2,640.66	$1,648.41	$992.25	$2,640.66	$0.00	

$	361 7S.99	zzs	s	3U	5.99

99%	Net Percent Collected
    $	4329.14	Balance Remainin to Collect 

11

SECTION 3

February 2021

FACILITY REPORT:
The facilities ore up and running smoothly.
We continue to issue access cards and giving new homeowners the welcome package and orientation.
Maintenance is performed weekly.
Alarm has been installed.
Special Events scheduled for March:
Papa John's Homeowner Appreciation Day - Tuesdoy, March 2nd. Residents get 30% off of the entire order and can order online, by phone or in store. Special promotional code is be provided.
Movie Night • Friday, March 12t h.
Food Truck Social - Tuesday, March 16th.
Ice Cream Social - Saturday, March 27th.

February's Events:

	Papa John's Resident Appreciation Day:
- 6 orders
Food Truck Social:
Fully Loaded Food Truck sold 34 orders.

Pool Usage per Family	■ Gym Usage
Tohoqua Residents Club Usage Report
600

450

300

150

0
December 2020	January 2021	February 2021