Grove Resort Community Development District
12051 Corporate Boulevard, Orlando, FL 32817; 407.723.5900
www.groveresortcdd.com

The following is the proposed agenda for the Board of Supervisors and Auditor Selection Committee meetings of the Grove Resort Community Development District (“District”), scheduled to be held on Tuesday, August 18, 2020 at 10:00 a.m. via conference call due to the COVID-
19 Executive Order 20-179 extending Executive Orders 20-52, 20-69, 20-112, 20-150. Attached to this Agenda is a copy of the Executive Order 20-150. The attendance of three Board Members is required to constitute a quorum.
To attend the meeting, please use the below conference call information: Phone:	1-844-621-3956
Access Code:	790 393 986 #

AUDITOR SELECTION COMMITTEE MEETING AGENDA

Roll Call to Confirm a Quorum
Public Comment Period
Review of Auditing Services Proposals- (provided under separate cover)
Berger, Toombs, Elam, Gaines & Frank
Carr, Riggs & Ingram
Grau & Associates
Ranking of Auditing Services Proposals- (provided under separate cover)
Adjournment

PROPOSED BOARD OF SUPERVISORS’ MEETING AGENDA

Administrative Matters
Roll Call to Confirm Quorum
Public Comment Period [limited to items on the agenda]
Consideration of Minutes of the May 26 and June 9, 2020 Board of Supervisors Meetings
Business Matters
Public Hearing on the Adoption of the District’s Fiscal Year 2020-2021 Budget
Consideration of Resolution 2020-10, Annual Appropriations and Adopting the Fiscal Year 2020-2021 Budget
Partial Budget Funding Agreement by and Between Grove Resort CDD and Grove Resort and Spa, LLC

Public Hearing to Consider the Imposition of Operations and Maintenance Special Assessments
Consideration of Resolution 2020-11, Assessment Resolution
Consideration of Recommendation of Auditor Selection Committee Rankings & Selection of Auditor
Consideration of Public Facilities Report
Consideration of Funding Request 22
Ratification of Payment Authorizations Nos. 98 - 99
Review of District’s Financial Position
Other Business
Staff Reports District Counsel District Engineer District Manager
Supervisor Requests
Public Comment Period
Adjournment

STATE OF FLORIDA
OFFICE OF THE GOVERNOR EXECUTIVE ORDER NUMBER 20-179
(Emergency Management - COVID- 19 - Local Government Public Meetings)

WHEREAS, Executive  Order  20-69,  as  extended  by  Exec utive  Order  20-112. Exec utive O rder 20-123, Executive Order 20-139 and Execut ive Order 20-150, ex pires on August 1. 2020, unless extended; and
WHEREAS, Executive Order 20-69 requires amendment to address foreseeable Truth in Millage ("TRIM"), non ad valorem assessment, and value adjustment board related issues.
NOW, THEREFORE, I, RON DESANTIS, as Governor of Florida. by virtue of the authority vested in me by Article  IV, Section  (])(a)  of the Florida  Constitution,  Chapter 252, Flo rida Statutes, and all other applicabl e laws. promulgate the following Exec uti ve Order to take immediate effect:
Section I.

Executive Order 20-69 is amended to include Section 5, as follows:

A For any taxing authority holding a millage and budget  hearing  under Chapter 200. Flor ida Statutes, or a local gove rning board holding a hearing or meeting  regarding a  non ad valo rem assessment , including, but not limited to, those under sectio n 197.3632, Florida Statutes, I hereby suspend any Florida Statute that require s a quorum or supermajority of the membership to be present in person or requires the local government body to meet at a specific public place.
B. A taxing authority holding a millage and budget hearing under Chapter 200. Flo rida Statutes, or a local governing board holding a hearing or meetin g rega rdin g a non ad valorem

Auditing Services Proposals

(provided under separate cover)

Ranking of Auditing Services Proposals

(provided under separate cover)

Minutes

GROVE RESORT COMMUNITY DEVELOPMENT DISTRICT

BOARD OF SUPERVISORS MEETING MINUTES

FIRST ORDER OF BUSINESS	Call to Order and Roll Call

The Board of Supervisors Special Meeting for the Grove Resort Community Development District was called to order on Tuesday, May 26, 2020 at 10:00 a.m. via conference call due to the Executive Order 20-112 extending COVID-19 Executive Order 20-69. Board Members listed below constituted a quorum:

Board Members in attendance via conference call:

Kevin Mays	Board Member	(via phone)	
Michael Osborn	Board Member	(via phone)	
Dave D’Ambrosio	Board Member	(via phone)	

Also in attendance via conference call were:

Jane Gaarlandt	PFM Group Consulting, LLC	(via phone)	
Christina Hanna	PFM Group Consulting, LLC	(via phone)	
Amanda Lane	PFM Group Consulting, LLC	(via phone)	
Mike Eckert	Hopping Green & Sams	(via phone)	
Sara Sandy	Hopping Green & Sams	(via phone)	
Mark Wilson	Carr, Riggs & Ingram	(via phone)	
Marco Manzie	Paramount Hospitality	(via phone)	
Robert Haywood	Paramount Hospitality	(via phone)	
Elizabeth Oliver	Grove Resort	(via phone)	
Helen Ashford	BTI Partners	(via phone)	
Jody Pino	BTI Partners	(via phone)	

SECOND ORDER OF BUSINESS	Public Comment Period

There were no public comments at this time.

THIRD ORDER OF BUSINESS	Consideration of Minutes of the March 10, 2020 Board of Supervisors Meeting

The Board reviewed the minutes.

ON MOTION from Mr. Mays, and a Second by Mr. Osborn, with all in favor, the Board of Supervisors for the Grove Resort Community Development District approved the March 10, 2020 Board of Supervisors Minutes.

FOURTH ORDER OF BUSINESS	Review of Number of Registered Voters

As of April 15, 2020 there were in registered voters in the District.

FIFTH ORDER OF BUSINESS	Consideration of Resolution 2020-04, Resetting the Public Hearing on the Adoption of Amended and Restated Rules of Procedure

Due to a publication error, the District was unable to meet the deadline for the meeting on May 20, 2020. Ms. Gaarlandt suggested the District reset the Public Hearing to July 28, 2020.

Ms. Sandy indicated District staff is trying to align the Public Hearing with the Public Hearing on the Budget.

ON MOTION from Mr. Mays, and a Second by Mr. Osborn, with all in favor, the Board of Supervisors for the Grove Resort Community Development District approved Resolution 2020-04, Resetting the Public Hearing on the Adoption of the Amended and Restated Rules of Procedure to July 28, 2020

SIXTH ORDER OF BUSINESS	Consideration of Matters related to the FY 2018 Property Tax Exemptions
a) Letter from Orange County Tax Collector

Mr. Eckert provided the update received from Tax Counsel, Rob Kelley, on the Matters related to the FY 2018 Property Tax Exemptions.

Mr. Mays requested an update for reimbursables for Hopping Green & Sams fees and other fees the District incured. By the agreement with Dr. Fishkind those charges and fees are going to be reimbursed by PFM. Ms. Gaarlandt replied they have been forwarded to PFM and they are in their system for processing. Mr. Mays asked Ms. Gaarlandt for an update on when the fees will be reimbursed and communicate to those particular firms. MS. Gaarlandt will try and get additional information.

SEVENTH ORDER OF BUSINESS	Consideration of Paramount Hospitality	Management Annual Budget Plan

Mr. Haywood presented the Paramount Hospitality Management Annual Budget Plan.

For the 2019-2020 budget, the estimated loss of the CDD was $1,277,00.00 which is a projected annual loss of $585,000.00 for the Fiscal Year of October through September. Mr. Haywood detailed the Budget.

A discussion took place regarding the other entity revenue which is $100,943.00.

ON MOTION from Mr. Mays, and a Second by Mr. Osborn, with all in favor, the Board of Supervisors for the Grove Resort Community Development District approved The Paramount Hospitality Management Annual Budget Plan for FY 2020-21.

EIGHTH ORDER OF BUSINESS	Consideration of Resolution 2020-05, Approving a Proposed Budget for Fiscal Year 2020- 2021 and Setting a Public Hearing Date Thereon

Ms. Gaarlandt suggested July 28, 2020 as the Public Hearing Date. There is a slight increase to the Budget which is mainly due to the insurance increasing.

Ms. Sandy asked if the undeveloped parcels receive an O&M Assessment. Ms. Lane will check on that with Ms. Glasgow and let her know. Mr. Eckert noted the waterpark does not receive an assessment because the District owns that but all the other undeveloped units or the ones that do not have COs or have been sold yet are assigned a share of the

O&M Assessments. There are also various Developer Funding Agreements to make up short falls.

Ms. Sandy questioned the two parcels listed under the unit chart. She will work with MS. Lane for clarification. Ms. Gaarlandt stated the total Budget amount being requested for approval is $1,568,935.00.

ON MOTION from Mr. Mays, and a Second by Mr. Osborn, with all in favor, the Board of Supervisors for the Grove Resort Community Development District approved Resolution 2020-05, Approving a Proposed Budget for Fiscal Year 2020-2021, Declaring Special Assessments, and Setting a Public Hearing Dates for July 28, 2020 at 10:00 a.m. at 14501 Grove Resort Avenue, Winter Garden, FL

NNTH ORDER OF BUSINESS	Consideration of Resolution 2020-06, Adopting an Internal Controls Policy

Ms. Sandy presented the Internal Controls Policy.

ON MOTION from Mr. Mays, and a Second by Mr. Osborn, with all in favor, the Board of Supervisors for the Grove Resort Community Development District approved Resolution 2020-06, Adopting an Internal Controls Policy.

TENTH ORDER OF BUSINESS	Consideration of First Amendment to Lease Agreement for The Provision of Food and Beverage Services within Certain Grove Resort Community	Development District-Owned Amenity Areas

Ms. Sandy noted this was discussed at prior Board Meetings. It has been drafted pursuant to the directions the Board provided. Ms. Lane asked if this becomes effective with the June billing and who she needs to contact for the actual amount each month. Mr. Haywood asked Ms. Lane to reach out to him and Ms. Oliver and it would become effective starting with the June billing. After a discussion took place, the Board agreed the First Amendment to the Lease Agreement will be effective as of February 1, 2020 which if the beginning of the lease term.

ON MOTION from Mr. Mays, and a Second by Mr. Osborn, with all in favor, the Board of Supervisors for the Grove Resort Community Development District approved First Amendment to Lease Agreement for the Provision of Food and Beverage Services within Certain Grove Resort Community Development District-Owned Amenity Areas with an effective date of February 1, 2020.

ELEVENTH ORDER OF BUSINESS	Discussion and Update Regarding Plan for Re-Opening of the Amenities

Mr. Mancini explained the facilities which were opened and the measures taken to ensure social distancing. He noted the current hours of operation.

TWELFTH ORDER OF BUSINESS	Ratification of Agreement between the District and Orange County Property Appraiser

Ms. Gaarlandt presented the Agreement between the District and Orange County Property Appraiser.

ON MOTION from Mr. Mays, and a Second by Mr. Osborn, with all in favor, the Board of Supervisors for the Grove Resort Community Development District ratified Agreement between the District and orange County Property Appraiser.

THIRTEENTH ORDER OF BUSINESS	Consideration	of	Funding
Requests 20

The Board reviewed Funding Requests 20.

ON MOTION from Mr. Mays, and a Second by Mr. Osborn, with all in favor, the Board of Supervisors for the Grove Resort Community Development District ratified Funding requests 20.

FOURTEENTH ORDER OF BUSINESS	Consideration of Payment
Authorizations 78-87

The Board reviewed Payment Authorizations 78-87. Mr. Mays requested an update because District Counsel did not separate out their fees related to the Tax Counsel Issues.

ON MOTION from Mr. Mays, and a Second by Mr. Osborn, with all in favor, the Board of Supervisors for the Grove Resort Community Development District ratified Payment Authorizations 78-87.

FIFTEENTH ORDER OF BUSINESS	Review of District’s Financial
Position

There was no action required by the Board.

SIXTEENTH ORDER OF BUSINESS	Staff Reports

District Counsel – No Report

District Engineer– No Report

District Manager – Ms. Gaarlandt noted the next scheduled meeting date is June 9, 2020 and July 28, 2020.

Supervisor Requests and Audience Comments

There were no Supervisor requests or audience comments.

SEVENTEENTH ORDER OF BUSINESS	Adjournment

There were no other additional comments. Ms. Gaarlandt requested a motion to adjourn.

ON MOTION by Mr. Mays, and a Second by Mr. Osborn, with all in favor, the May 26, 2020 Board of Supervisors Meeting was adjourned.

Secretary / Assistant Secretary	Chairman / Vice Chairman

GROVE RESORT COMMUNITY DEVELOPMENT DISTRICT

BOARD OF SUPERVISORS MEETING MINUTES

FIRST ORDER OF BUSINESS	Call to Order and Roll Call

The Board of Supervisors Special Meeting for the Grove Resort Community Development District was called to order on Tuesday, June 9, 2020 at 10:00 a.m. via conference call due to the Executive Order 20-112 extending COVID-19 Executive Order 20-112 extending COVID-19 Executive Order 20-69. Board Members listed below constituted a quorum:

Board Members in attendance via conference call:

Kevin Mays	Board Member
Michael Osborn	Board Member
Dave D’Ambrosio	Board Member Also in attendance via conference call were:
Jane Gaarlandt	PFM
Christina Hanna	PFM
Jennifer Glasgow	PFM
Amanda Lane	PFM
Kevin Plenzler	PFM
Sarah Sandy	Hopping Green & Sams
Mark Wilson	Kimley-Horn
Marco Manzie	Paramount Hospitality
Robert Haywood	Paramount Hospitality
Elizabeth Oliver	Grove Resort
Rob O’Connor	General Manager

SECOND ORDER OF BUSINESS	Public Comment Period

There were no public comments at this time.

THIRD ORDER OF BUSINESS	Consideration of Resolution 2020-07, Declaring O&M Special Assessments for Fiscal Year 2020-2021

Ms. Sandy fell off the call. Mr. Manzie joined the meeting in progress via phone. Ms. Sandy re-joined the meeting by phone.

Ms. Sandy explained this resolution is being brought back because after the last meeting, at which the Board approved the Preliminary Budget as well as started the O&M Assessment process, District Counsel worked with PFM to identify all the parcels within the District that should receive O&M Assessments. Beyond the Condo units, this would include parcels owned by the Developer that also are used for commercial or retail purposes.

Prior to the meeting Ms. Glasgow sent around an updated assessment roll. Ms. Sandy reviewed the updated Assessment Roll with the Board. Ms. Glasgow requested a full Assessment Roll from the Property Appraiser so the District can confirm that it has everything identified. Ms. Sandy requested a motion to approve Resolution 2020-07, subject to including the Assessment Roll circulated prior to the Board Meeting by Ms. Glasgow.

ON MOTION from Mr. Mays, and a Second by Mr. Osborn, with all in favor, the Board of Supervisors for the Grove Resort Community Development District approved Resolution 2020-07, Declaring O&M Special Assessments for Fiscal Year 2020-2021, subject to including the Assessment Roll circulated prior to the Board Meeting by Ms. Glasgow.

FIFTH ORDER OF BUSINESS	Consideration of Paramount Proposals for Increased Seating Capacity

Mr. Haywood walked the Board through a PowerPoint presentation. Paramount Hospitality requested the Board’s approval to expand the seating capacity at the Water Park by removing and relocating landscaping, paving the area and relocated the four cabanas that are separating that area from the remaining pieces of the Water Park. Paramount Hospitality also requested to take four existing cabanas that are at Springs Pool and relocate them to the area at the Water park because there is more demand for cabanas at the water park than there are at the Springs Pool. It will give the District the ability of selling the cabanas more throughout the year and the increased deck area will allow the District up to 160 additional chaise lounge chairs.

The initial cost to pave those area is $80,000.00. Paramount Hospitality took a 3-bid process to validate the cost. The cost would include the extension of the pavers, electrical and landscaping, and relocating the cabanas. Today they do not need the monies for the chaise lounge chairs as Paramount will move chaise lounge chairs into that area but there

would be a future cost of buying additional chaise lounge chairs once the District gets past the social distancing requirements it is currently under.

Mr. Haywood put in a placeholder for $32,000.00, $200.00 per chair at 160 chairs. The chairs that are currently at the Grove are close to $400.00 per chaise lounge chair. They purposed instead of buying 160 chaise lounge chairs for $400.00 they would relocate some of the chaise lounge chairs from the Springs Pool over to this proposed area in the future so there is a consistent look throughout the entire Water Park and buy new chaise lounge chairs for the Springs Pool in replacement of those removed.

Mr. Mays stated the cost for all this is not a CDD expense, so it does not need to be included in any budgets or assessments. This is the Developer expense and all the board is doing is approving the work to be done in the areas designated.

Mr. Mays asked Ms. Sandy if she had any input. Ms. Sandy said the Board may want to consider a temporary construction easement for the District to the Developer to allow this construction. Mr. Mays thinks that kind of work is already contemplated with the easements that are currently in place. Ms. Sandy will double check the easements.

Mr. Mays told Mr. Haywood he does not need to go through the financial summary since it is not a District expense.

ON MOTION from Mr. Mays, and a Second by Mr. Osborn, with all in favor, the Board of Supervisors for the Grove Resort Community Development District approved Paramount Proposals for Increased Seating Capacity at Developer’s expense, as outlined above.

SIXTH ORDER OF BUSINESS	Staff Reports District Counsel – No Report
District Engineer– No Report

District Manager – Ms. Gaarlandt reminded the Board it is time to submit the Form 1 Financial Statements and the deadline is July 1, 2020. District staff will send an email with a digital version. Some counties do accept these to be filed electronically and District Management will note in the email if Orange County will accept the Form 1 to be filed electronically. Each Board Member must file in the County they live.

The next Board of Supervisors Meeting is scheduled for July 28, 2020 and the District will have the public hearing. If there is a need for a meeting in between District staff can schedule one.

Supervisor Requests and Audience Comments

There were no Supervisor requests or audience comments.

SEVENTH ORDER OF BUSINESS	Adjournment

There were no other additional comments. Ms. Gaarlandt requested a motion to adjourn.

ON MOTION by Mr. Mays, and a Second by Mr. Osborn with all in favor, the June 9, 2020 Board of Supervisors Meeting was adjourned.

Secretary / Assistant Secretary	Chairman / Vice Chairman

District’s Fiscal Year 2020-2021 Budget

Resolution 2020-10

RESOLUTION 2020-10

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

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2020, submitted to the Board of Supervisors (“Board”) of the Grove Resort Community Development District (“District”) proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2020 and ending September 30, 2021 (“Fiscal Year 2020/2021”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget, the District filed a copy of the Proposed Budget with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and

WHEREAS, the Board set a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the District Manager posted the Proposed Budget on the District’s website at least two (2) days before the public hearing; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1st of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year; and

WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.

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

SECTION 1. BUDGET

The Board has reviewed the Proposed Budget, a copy of which is on file with the office of the District Manager and at the District’s Local Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.

The Proposed Budget, attached hereto as Exhibit A, as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes (“Adopted Budget”), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.

The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Grove Resort Community Development District for the Fiscal Year Ending September 30, 2021.”

The Adopted Budget shall be posted by the District Manager on the District’s official website within thirty (30) days after adoption and shall remain on the website for at least two (2) years.

SECTION 2. APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2020/2021, the sum of $3,614,091.25 to be raised by the levy of assessments and/or otherwise, which
sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$1,568,935.00	
SERIES 2017A DEBT SERVICE	$1,313,531.25	
SERIES 2017B DEBT SERVICE	$731,625.00	
TOTAL ALL FUNDS	$3,614,091.25 		
SECTION 3. BUDGET AMENDMENTS		

___________

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2020/2021 or within sixty (60) days following the end of the Fiscal Year 2020/2021 may amend its Adopted Budget for that fiscal year as follows:

The Board may authorize an increase or decrease in line item appropriations within a fund by motion recorded in the minutes if the total appropriations of the fund do not increase.

The District Manager or Treasurer may authorize an increase or decrease in line item appropriations within a fund if the total appropriations of the fund do not increase and if the aggregate change in the original appropriation item does not exceed $10,000 or 10% of the original appropriation.

By resolution, the Board may increase any appropriation item and/or fund to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.

Any other budget amendments shall be adopted by resolution and consistent with Florida law.

The District Manager or Treasurer must establish administrative procedures to ensure that any budget amendments are in compliance with this Section 3, and Section 189.016, Florida Statutes, among other applicable laws. Among other procedures, the District Manager or Treasurer must ensure that any amendments to budget under subparagraphs c. and d. above are posted on the District’s website within five (5) days after adoption and remain on the website for at least two (2) years.

SECTION 4. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED  AND ADOPTED THIS 	DAY OF 	, 2020.

ATTEST:	GROVE RESORT COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A:	Adopted Budget FY 2020/2021

Grove Resort CDD
FY 2021 Proposed O&M Budget

Actual Through 07/31/2020

Year To Date

Anticipated Aug. - Sep.

Anticipated Total FY 2020

FY 2020
Adopted Budget

FY 2021
Proposed Budget

Revenues		
On-Roll Assessments	$	98,068.05		$	211.95		$	98,280.00		$	98,280.00		$	98,280.00	
Off-Roll Assessments	6,368.00		42,856.00		49,224.00		49,224.00		49,224.00	
Developer Contributions	71,640.75		32,299.27		103,940.02		95,521.00		143,671.00	
Developer Contributions - Deficit Funding/Longboard	17,441.42		1,260,318.58		1,277,760.00		1,277,760.00		1,277,760.00	
Net Revenues	$	193,518.22		$ 1,335,685.80		$ 1,529,204.02		$ 1,520,785.00		$ 1,568,935.00	

General & Administrative Expenses										
Trustee Services	$	11,047.43		$	-		$	11,047.43		$	12,000.00		$	12,000.00	
Management	20,833.30		4,166.70		25,000.00		25,000.00		25,000.00	
Engineering	287.65		57.53		345.18		5,000.00		5,000.00	
Dissemination Agent	5,000.00		-		5,000.00		5,000.00		5,000.00	
Property Appraiser	878.00		-		878.00		-		1,000.00	
District Counsel	52,820.47		10,564.09		63,384.56		60,000.00		60,000.00	
Assessment Administration	5,000.00		-		5,000.00		5,000.00		12,500.00	
Reamortization Schedules	375.00		125.00		500.00		500.00		500.00	
Audit	6,000.00		-		6,000.00		6,000.00		6,500.00	
Travel and Per Diem	131.55		26.31		157.86		500.00		500.00	
Telephone	-		83.33		83.33		500.00		500.00	
Postage & Shipping	31.11		6.22		37.33		300.00		300.00	
Copies	-		166.67		166.67		1,000.00		1,000.00	
Legal Advertising	2,011.05		402.21		2,413.26		1,000.00		2,500.00	
Miscellaneous	-		83.33		83.33		500.00		500.00	
Office Supplies	-		25.00		25.00		150.00		-	
Property Taxes	-		-		-		-		-	
Web Site Maintenance	1,600.00		1,400.00		3,000.00		2,400.00		2,700.00	
Dues, Licenses, and Fees	175.00		-		175.00		175.00		175.00	
General Liability Insurance	5,104.00		-		5,104.00		6,000.00		6,000.00	
Property & Casualty	125,570.00		-		125,570.00		112,000.00		150,000.00	
Deficit Funding/Longboard	17,441.42		1,260,318.58		1,277,760.00		1,277,760.00		1,277,760.00	
Total General & Administrative Expenses	$	254,305.98		$ 1,277,424.98		$ 1,531,730.96		$ 1,520,785.00		$ 1,569,435.00	

Total Expenses

  $	254,305.98 

  $ 1,277,424.98 

   $ 1,531,730.96 

   $ 1,520,785.00 

   $ 1,569,435.00 

Income (Loss) from Operations

$	(60,787.76)

$	58,260.82

$	(2,526.94)	$

-	$	(500.00)

Other Income (Expense)

Interest Income	$	2,105.78		$	421.16		$	2,526.94		$	-	$	500.00	
Total Other Income (Expense)	$	2,105.78		$	421.16		$	2,526.94		
$	-	$	500.00	
Net Income (Loss)	$	(58,681.98)		$	58,681.98		$	-		
$	-	$	-	

Grove Resort Community Development District FY 2020-2021 Debt Service Proposed Budget

	FY 2021
Proposed DS Budget	
REVENUES:		
Series 2017A	$	1,313,531.25	
Series 2017B	731,625.00	
TOTAL REVENUES	  $	2,045,156.25 	

EXPENDITURES:		
Series 2017A - Interest 11/1/2020	$	369,593.75	
Series 2017A - Interest 5/1/2021	364,468.75	
Series 2017A - Principal 5/1/2021	215,000.00	
Series 2017B - Interest 11/1/2020	146,325.00	
Series 2017B - Interest 5/1/2021	292,650.00	
Series 2017B - Principal 5/1/2021	-	
TOTAL EXPENDITURES	  $	1,388,037.50 	

EXCESS REVENUES (Series 2017A - Interest 11/1/2021)	

$	364,468.75	
EXCESS REVENUES (Series 2017B - Interest 11/1/2021)	292,650.00	

Grove Resort Community Development District

Funding Agreement by and Between Grove Resort CDD and Grove Resort and Spa, LLC

PARTIAL BUDGET FUNDING AGREEMENT BY AND BETWEEN GROVE RESORT COMMUNITY DEVELOPMENT DISTRICT AND GROVE RESORT AND SPA, LLC

This Agreement (“Agreement”) is made and entered into this 28 day of July, 2020, by and between:

Grove Resort Community Development District, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, and located in Orange County, Florida, with a mailing address of 12051 Corporate Blvd., Orlando, Florida 32817 (the “District”), and

The Grove Resort and Spa, LLC, a Delaware limited liability company and the developer of the lands in the District with a mailing address of 40 Danbury Road Wilton, Connecticut 06897 (the “Developer” and, together with the District, the “Parties”).

RECITALS

WHEREAS, the District was established pursuant to Chapter 190, Florida Statutes, for the purpose of planning, financing, constructing, operating, and/or maintaining certain infrastructure including stormwater management system improvements, roadway improvements, landscaping, hardscaping, recreation facilities, and other infrastructure; and

WHEREAS, the District, pursuant to Chapter 190, Florida Statutes, is authorized to levy such taxes, special assessments, fees, and other charges as may be necessary in furtherance of the District’s activities and services; and

WHEREAS, Developer and the Grove Resort and Spa Developer II, LLC, presently own and are developing the real property described in Exhibit A, attached hereto and incorporated herein (“Property”), within the District, which Property will benefit from the District’s activities, operations, and services; and

WHEREAS, prior to October 1 of each year the District adopts an operations and maintenance fund budget for the coming Fiscal Year, which Fiscal Year commences on October 1 of any given calendar year and concludes on September 30 of the following calendar year (“O&M Budget”); and

WHEREAS,   the  O&M   Budget   for   Fiscal   Year   2020-2021,   in  the  total  amount of
$1,568,935.00  (“2021 O&M Budget”),  is attached hereto and incorporated herein by  reference as
Exhibit B; and

WHEREAS, following adoption of each Fiscal Year’s O&M Budget, the District has the option to levy non-ad valorem assessments on all land, including the Property, that will benefit from the activities, operations, and services set forth in such O&M Budget (“O&M Assessment”), or utilizing such other revenue sources as may be available to it; and

WHEREAS, in accordance with a benefit based equitable allocation, as depicted in the attached Exhibit B, the District has levied and allocated O&M Assessments for the 2021 O&M Budget on benefitting property within its boundaries in a total amount of $1,568,935.00, to fund the District’s activities, operations, and services set forth in the 2021 O&M Budget; and

WHEREAS, based on existing service needs of the District, the District anticipates that the proceeds from the O&M Assessment may be insufficient to fund the District’s actual expenses for Fiscal Year 2020-2021; and

WHEREAS, in order to facilitate the District’s operations and in order to ensure that the District timely obtains funds so as not to interrupt the operations of the District, Developer is willing to provide monies necessary to fund any anticipated deficit between the approved O&M Assessment levied on all benefitted property and the amount of the District’s actual spending for Fiscal Year 2020- 2021 (“O&M Deficit”); and

WHEREAS, the District and Developer agree that the O&M Deficit to be funded by Developer represents the funding of 2021 O&M Budget expenditures that would otherwise be appropriately funded through increased O&M Assessments equitably allocated to all benefited property within the District as depicted on the attached Exhibit B; and

WHEREAS, the District and Developer desire to arrange for the direct collection of the O&M Deficit.

NOW, THEREFORE, based upon good and valuable consideration and the mutual covenants of the Parties, the receipt of which and sufficiency of which are hereby acknowledged, the Parties agree as follows:

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

O&M Deficit.	Developer agrees to make available to the District the monies necessary for the operation of the District and in order to fund any O&M Deficit for Fiscal Year 2020- 2021, within thirty (30) days of written request by the District. The funds shall be placed in the District’s general checking account and used to fund the operations of the District.

Continuing Lien. The District shall have the right to file a continuing lien (the “Lien”) upon the Property described in Exhibit A then owned by Developer or the Grove Resort and Spa Developer II, LLC, for all payments due and owing under the terms of this Agreement and for interest thereon, and for reasonable attorneys’ fees, paralegals’ fees, expert witness fees, expenses, and court costs incurred by the District incident to the collection of funds under this Agreement or for enforcement of this Lien, and all sums advanced and paid by the District for taxes and payment on account of superior interests, liens, and encumbrances in order to preserve and protect the District’s Lien. The Lien shall be effective as of the date and time of the recording of a “Notice of Lien for the FY 2021 O&M Budget” in the public records of Orange County, Florida, stating among other things, the description of the real property and the amount due as of the recording of the Notice, and the existence of this Agreement. The District Manager, in its sole discretion, is hereby authorized by the District to file the Notice of Lien for the FY 2021 O&M Budget on behalf of the District, without the need of further Board action authorizing or directing such filing. At the District Manager’s direction,

the District may also bring an action at law against the record title holders to the Property to pay the amount due under this Agreement, or may foreclose the Lien against the Property in any manner authorized by law. The District may partially release any filed Lien for portions of the Property subject to a plat, if and when, the Developer has demonstrated, in the District’s sole discretion, such release will not materially impair the ability of the District to enforce the collection of funds hereunder. In the event any of the Property described in Exhibit A is sold to a third party after the execution of this Agreement, the Developer’s rights and obligations under this Agreement shall remain the same; provided, however, that the District shall only have the right to file a Lien upon the remaining Property owned by the Developer or the Grove Resort and Spa Developer II, LLC.

Remedies for Nonpayment. In the event the Developer fails to make payments as and when due to the District pursuant to this Agreement, the District shall have the following remedies, in addition to other remedies available at law and equity:

At the Board’s direction, the District may bring an action at law against the record title holder to the Property to pay the amount due under this Agreement, or may foreclose the Lien against the Property in any manner authorized by law. The District may enforce the collection of funds due under this Agreement by action against the Developer in the appropriate judicial forum in and for Orange County, Florida. The enforcement of the collection of funds in this manner shall be in the sole discretion of the District Manager on behalf of the District.

The District hereby finds that the activities, operations, and services set out in Exhibit B provide a special and peculiar benefit to the Property. The Developer agrees that the activities, operations, and services set forth in Exhibit B provide a special and peculiar benefit to the Property equal to or in excess of the costs set out in Exhibit B. Therefore, in the alternative, or in addition to the other methods of collection set forth in this Agreement, the District, in its sole discretion, may choose to certify amounts due hereunder as a non-ad valorem assessment on all or any part of the Property for collection, either through the Uniform Method of Collection set forth in Chapter 197, Florida Statutes, or under any method of direct bill and collection authorized by Florida law. Such assessment, if imposed, may be certified on the next available tax roll of the Orange County property appraiser. The Developer hereby waives and/or relinquishes any rights it may have to challenge or object to such assessments if imposed, as well as the means of collection thereof.

Enforcement. This Agreement shall serve as an alternative method for collection of the O&M Deficit. This Agreement shall not affect the District’s ability to collect and enforce its O&M Deficit payments by any other method authorized by Florida law. Developer acknowledges that the failure to pay the O&M Deficit may result in the initiation of a foreclosure action, or, at the District’s discretion, O&M Deficit payments may be certified for collection on a future Orange County tax bill, which amount may include penalties, interest, and costs of collection and enforcement.

Notices. All notices, payments, and other communications hereunder (“Notices”) shall be in writing and shall be delivered, mailed by First Class Mail, postage prepaid, or overnight delivery service to the Parties, as follows:

If to the District:	Grove Resort Community Development District

With a copy to:	12051 Corporate Boulevard
Orlando, Florida 32817 Attn: District Manager

Hopping Green & Sams PA	
		119 S. Monroe Street, Suite 300
Tallahassee, Florida 32301 Attn: District Counsel	
B.	If to Developer:	The Grove Resort and Spa, LLC
401 E. Las Olas Boulevard, Suite 1870 Ft. Lauderdale, Florida 33301
Attn: Kevin Mays	
	With a copy to:	c/o Westport Capital Partners, LLC 40 Danbury Road
Wilton, Connecticut 06897 Attn: General Counsel	

Amendments. This instrument shall constitute the final and complete expression of the agreement between the Parties relating to the subject matter of this Agreement. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both of the Parties hereto.

Authority. The execution of this Agreement has been duly authorized by the appropriate body or official of all Parties hereto, each party has complied with all the requirements of law, and each party has full power and authority to comply with the terms and provisions of this instrument.

Assignment. This Agreement may not be assigned, in whole or in part, by either party except upon the written consent of the other; provided, however, that this Agreement is not intended in any way to limit Developer’s ability to sell its interests in all or a portion of the Property. Any purported assignment without such consent shall be void.

Enforcement of Agreement. In the event that either party is required to enforce this Agreement by court proceedings or otherwise, then the substantially prevailing party shall be entitled to recover all fees and costs incurred, including reasonable attorney’s fees, paralegal fees, and expert witness fees, and costs for trial, alternative dispute resolution, or appellate proceedings.

Third Party Rights; Transfer of Property. This Agreement is solely for the benefit of the Parties hereto and no right or cause of action shall accrue upon or by reason hereof, to or for the benefit of any person or entity not a party hereto. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or entity other than the Parties hereto, any right, remedy, or claim under or by reason of this Agreement or any provisions or conditions hereof; and all of the provisions, representations, covenants, and conditions herein contained shall inure to the sole benefit of and shall be binding upon the Parties hereto and their respective representatives, successors, and assigns. In the event that the Developer or the Grove Resort and Spa Developer II, LLC, sells or otherwise disposes of its business or of all or substantially all of its assets relating to the

lands within the District, including the Property, the Developer will expressly require that the purchaser agree to be bound by the terms of this Agreement. In the event of such sale or disposition, the Developer may place into escrow an amount equal to the then unfunded portion of the adopted FY 2021 O&M Budget to fund any budgeted expenses that may arise during the remainder of the fiscal year and provide the District evidence of assignment of this Agreement to the purchaser. Upon confirmation of the deposit of said funds into escrow, and evidence of such assignment to, and assumption by the purchaser, the Developer’s obligation under this Agreement shall be deemed fulfilled and this Agreement terminated with respect to the Developer’s obligations. The Parties hereto recognize that expenditures approved by the Board may exceed the amount adopted in the FY 2021 O&M Budget. The Developer shall notify the District in writing ninety (90) days prior to an anticipated sale or disposition of all or substantially all of the Property.

Applicable Law/Venue. This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida. The Parties agree that venue shall be in Orange County, Florida.

Negotiation at Arm’s Length. This Agreement has been negotiated fully between the Parties as an arm’s length transaction. The Parties participated fully in the preparation of this Agreement with the assistance of their respective counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, the Parties are each deemed to have drafted, chosen, and selected the language, and the doubtful language will not be interpreted or construed against any party.

Effective Date. This Agreement shall take effect as of July 28, 2020.

[THIS SPACE INTENTIONALLY LEFT BLANK]

IN WITNESS WHEREOF, the Parties execute this Agreement the day and year first written
above.

ATTEST:	GROVE RESORT COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson/Vice Chairperson, Board of Supervisors

WITNESS:	THE GROVE RESORT AND SPA, LLC, a
Delaware limited liability company

By: Grande Palisades Holdings III, LLC, a Delaware limited liability company, its Manager

Print Name: 		Marc Porosoff, Vice President

Print Name: 		Jordan Socaransky, Vice President

ACKNOWLEDGEMENT AND CONSENT

The undersigned hereby acknowledges and consents to the remedies as set forth in Sections 3 and 4 of the Agreement to be enforced against the undersigned’s respective Property.

Grove Resort and Spa Developer II, LLC, a Delaware limited liability company

By: The Grove Resort and Spa, LLC, a Delaware limited liability company, as successor by merger with GRS Property Holdings, LLC (formerly known as Grande Palisades Property Holdings, LLC)

By: Grande Palisades Holdings III, LLC, a Delaware limited liability company, its Managing Member

By:  	

Print Name: Jordan Socaransky	 Title: Vice President	

By:  	

Print Name: Marc Porosoff	 Title: Vice President	

Exhibit A:	Description of the Property
Exhibit B:	Fiscal Year 2020/2021 O&M Budget

Description of the Property

The Property subject to this Agreement shall include all property owned by Developer and the Grove Resort and Spa Developer II, LLC, located within the legal description below:

Exhibit B

Fiscal Year 2020/2021 O&M Budget

Grove Resort CDD
FY 2021 Proposed O&M Budget

Actual Through 06/30/2020

Year To Date

Anticipated Jun. - Sep.

Anticipated Total FY 2020

FY 2020
Adopted Budget

FY 2021
Proposed Budget

Revenues		
On-Roll Assessments	$	90,317.31		$	7,962.69		$	98,280.00		$	98,280.00		$	98,280.00	
Off-Roll Assessments	6,368.00		42,856.00		49,224.00		49,224.00		49,224.00	
Developer Contributions	47,760.50		38,407.97		86,168.47		95,521.00		143,671.00	
Other Income & Other Financing Sources	17,441.42		-		17,441.42		-		-	
Developer Contributions - Deficit Funding/Longboard	-		1,277,760.00		1,277,760.00		1,277,760.00		1,277,760.00	
Net Revenues	$	161,887.23		$ 1,366,986.66		$ 1,528,873.89		$ 1,520,785.00		$ 1,568,935.00	

General & Administrative Expenses										
Trustee Services	$	11,047.43		$	-		$	11,047.43		$	12,000.00		$	12,000.00	
Management	18,749.97		6,250.03		25,000.00		25,000.00		25,000.00	
Engineering	287.65		95.88		383.53		5,000.00		5,000.00	
Dissemination Agent	5,000.00		-		5,000.00		5,000.00		5,000.00	
Property Appraiser	878.00		-		878.00		-		1,000.00	
District Counsel	47,557.97		15,852.66		63,410.63		60,000.00		60,000.00	
Assessment Administration	5,000.00		-		5,000.00		5,000.00		12,500.00	
Reamortization Schedules	-		500.00		500.00		500.00		500.00	
Audit	3,500.00		2,500.00		6,000.00		6,000.00		6,500.00	
Travel and Per Diem	131.55		43.85		175.40		500.00		500.00	
Telephone	-		125.00		125.00		500.00		500.00	
Postage & Shipping	27.61		9.20		36.81		300.00		300.00	
Copies	-		250.00		250.00		1,000.00		1,000.00	
Legal Advertising	1,802.47		600.82		2,403.29		1,000.00		2,500.00	
Miscellaneous	-		125.00		125.00		500.00		500.00	
Office Supplies	-		37.50		37.50		150.00		-	
Property Taxes	-		-		-		-		-	
Web Site Maintenance	1,200.00		1,500.00		2,700.00		2,400.00		2,700.00	
Dues, Licenses, and Fees	175.00		-		175.00		175.00		175.00	
General Liability Insurance	5,104.00		-		5,104.00		6,000.00		6,000.00	
Property & Casualty	125,570.00		-		125,570.00		112,000.00		150,000.00	
Deficit Funding/Longboard	-		1,277,760.00		1,277,760.00		1,277,760.00		1,277,760.00	
Total General & Administrative Expenses	$	226,031.65		$ 1,305,649.95		$ 1,531,681.60		$ 1,520,785.00		$ 1,569,435.00	

Total Expenses

  $	226,031.65 

  $ 1,305,649.95 

   $ 1,531,681.60 

   $ 1,520,785.00 

   $ 1,569,435.00 

Income (Loss) from Operations

$	(64,144.42)

$	61,336.71

$	(2,807.71)	$

-	$	(500.00)

Other Income (Expense)

Interest Income	$	2,105.78		$	701.93		$	2,807.71		$	-	$	500.00	
Total Other Income (Expense)	$	2,105.78		$	701.93		$	2,807.71		
$	-	$	500.00	
Net Income (Loss)	$	(62,038.64)		$	62,038.64		$	-		
$	-	$	-	

Page 1 of 1

Grove Resort Community Development District

Resolution 2020-11

RESOLUTION 2020-11

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE GROVE RESORT COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2020/2021; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS, INCLUDING BUT NOT LIMITED TO PENALTIES AND INTEREST THEREON; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Grove Resort Community Development District (“District”) is a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, for the purpose of providing, operating and maintaining infrastructure improvements, facilities and services to the lands within the District; and

WHEREAS, the District is located in Orange County, Florida (“County”); and

WHEREAS, the District has constructed or acquired various infrastructure improvements and provides certain services in accordance with the District’s adopted capital improvement plan and Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors (“Board”) of the District hereby determines to undertake various operations and maintenance and other activities described in the District’s budget (“Adopted Budget”) for the fiscal year beginning October 1, 2020 and ending September 30, 2021 (“Fiscal Year 2020/2021”), attached hereto as Exhibit A; and

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

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

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

WHEREAS, it is in the best interests of the District to proceed with the imposition of the special assessments for operations and maintenance in the amount set forth in the Adopted Budget; and
WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect for Fiscal Year 2020/2021; and

WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to which such special assessments may be placed on the tax roll and collected by the local tax collector

(“Uniform Method”), and the District has previously authorized the use of the Uniform Method by, among other things, entering into agreements with the Property Appraiser and Tax Collector of the County for that purpose; and

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

WHEREAS, it is in the best interests of the District to adopt the assessment roll (“Assessment Roll”) attached to this Resolution as Exhibit B, and to certify the portion of the Assessment Roll related to certain developed property (“Tax Roll Property”) to the County Tax Collector pursuant to the Uniform Method and to directly collect the portion of the Assessment Roll relating to the remaining property (“Direct Collect Property”), all as set forth in Exhibit B; and

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

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

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

SECTION 2. ASSESSMENT IMPOSITION. Pursuant to Chapters 170, 190 and 197, Florida Statutes, and using the procedures authorized by Florida law for the levy and collection of special assessments, a special assessment for operation and maintenance is hereby imposed and levied on benefitted lands within the District and in accordance with Exhibits A and B. The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be effective upon passage of this Resolution. Moreover, pursuant to Section 197.3632(4), Florida Statutes, the lien amount shall serve as the “maximum rate” authorized by law for operation and maintenance assessments.

SECTION 3. COLLECTION AND ENFORCEMENT; PENALTIES; INTEREST.

Tax Roll Assessments. The operations and maintenance special assessments and previously levied debt service special assessments imposed on the Tax Roll Property shall be collected at the same time and in the same manner as County taxes in accordance with the Uniform Method, as set forth in Exhibits A and B.

Direct Bill Assessments. The operations and maintenance special assessments and previously levied debt service special assessments imposed on the Direct Collect Property shall be collected directly by the District in accordance with Florida law, as set forth in Exhibits A and B. Assessments directly collected by the District are due according to the following schedule:

Operation and Maintenance Assessments directly collected by the District are due in full on November 1, 2020.

Debt Assessments on the Series 2017A Bonds directly collected by the District are due in full on November 1, 2020; provided, however, that, to the extent permitted by law, the assessments due may be paid in two partial, deferred payments, in the amount invoiced by the District and shall be due on: March 1, 2021, and August 30, 2021.

Interest payments on the Series 2017B Bonds directly collected by the District are due in full on November 1, 2020; provided, however, that, to the extent permitted by law, the assessments due may be paid in two partial, deferred payments, in the amount invoiced by the District and shall be due on: March 1, 2021, and August 30, 2021.

In the event that an assessment payment is not made in accordance with the schedule stated above, the whole assessment – including any remaining partial, deferred payments for Fiscal Year 2020/2021, shall immediately become due and payable; shall accrue interest, penalties in the amount of one percent (1%) per month, and all costs of collection and enforcement; and shall either be enforced pursuant to a foreclosure action, or, at the District’s sole discretion, collected pursuant to the Uniform Method on a future tax bill, which amount may include penalties, interest, and costs of collection and enforcement. Any prejudgment interest on delinquent assessments shall accrue at the rate of any bonds secured by the assessments, or at the statutory prejudgment interest rate, as applicable. In the event an assessment subject to direct collection by the District shall be delinquent, the District Manager and District Counsel, without further authorization by the Board, may initiate foreclosure proceedings pursuant to Chapter 170, Florida Statutes, or other applicable law to collect and enforce the whole assessment, as set forth herein.

Future Collection Methods. The decision to collect special assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.

SECTION 4. ASSESSMENT ROLL. The Assessment Roll, attached to this Resolution as Exhibit B, is hereby certified for collection. That portion of the Assessment Roll which includes the Tax Roll Property is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County taxes. The proceeds therefrom shall be paid to the District.

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

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

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

PASSED AND ADOPTED this 28th day of July, 2020.

ATTEST:	GROVE RESORT COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A:	Fiscal Year 2020/2021 Budget
Exhibit B:	Assessment Roll

Grove Resort CDD
FY 2021 Proposed O&M Budget

Actual Through 07/31/2020

Year To Date

Anticipated Aug. - Sep.

Anticipated Total FY 2020

FY 2020
Adopted Budget

FY 2021
Proposed Budget

Revenues		
On-Roll Assessments	$	98,068.05		$	211.95		$	98,280.00		$	98,280.00		$	98,280.00	
Off-Roll Assessments	6,368.00		42,856.00		49,224.00		49,224.00		49,224.00	
Developer Contributions	71,640.75		32,299.27		103,940.02		95,521.00		143,671.00	
Developer Contributions - Deficit Funding/Longboard	17,441.42		1,260,318.58		1,277,760.00		1,277,760.00		1,277,760.00	
Net Revenues	$	193,518.22		$ 1,335,685.80		$ 1,529,204.02		$ 1,520,785.00		$ 1,568,935.00	

General & Administrative Expenses										
Trustee Services	$	11,047.43		$	-		$	11,047.43		$	12,000.00		$	12,000.00	
Management	20,833.30		4,166.70		25,000.00		25,000.00		25,000.00	
Engineering	287.65		57.53		345.18		5,000.00		5,000.00	
Dissemination Agent	5,000.00		-		5,000.00		5,000.00		5,000.00	
Property Appraiser	878.00		-		878.00		-		1,000.00	
District Counsel	52,820.47		10,564.09		63,384.56		60,000.00		60,000.00	
Assessment Administration	5,000.00		-		5,000.00		5,000.00		12,500.00	
Reamortization Schedules	375.00		125.00		500.00		500.00		500.00	
Audit	6,000.00		-		6,000.00		6,000.00		6,500.00	
Travel and Per Diem	131.55		26.31		157.86		500.00		500.00	
Telephone	-		83.33		83.33		500.00		500.00	
Postage & Shipping	31.11		6.22		37.33		300.00		300.00	
Copies	-		166.67		166.67		1,000.00		1,000.00	
Legal Advertising	2,011.05		402.21		2,413.26		1,000.00		2,500.00	
Miscellaneous	-		83.33		83.33		500.00		500.00	
Office Supplies	-		25.00		25.00		150.00		-	
Property Taxes	-		-		-		-		-	
Web Site Maintenance	1,600.00		1,400.00		3,000.00		2,400.00		2,700.00	
Dues, Licenses, and Fees	175.00		-		175.00		175.00		175.00	
General Liability Insurance	5,104.00		-		5,104.00		6,000.00		6,000.00	
Property & Casualty	125,570.00		-		125,570.00		112,000.00		150,000.00	
Deficit Funding/Longboard	17,441.42		1,260,318.58		1,277,760.00		1,277,760.00		1,277,760.00	
Total General & Administrative Expenses	$	254,305.98		$ 1,277,424.98		$ 1,531,730.96		$ 1,520,785.00		$ 1,569,435.00	

Total Expenses

  $	254,305.98 

  $ 1,277,424.98 

   $ 1,531,730.96 

   $ 1,520,785.00 

   $ 1,569,435.00 

Income (Loss) from Operations

$	(60,787.76)

$	58,260.82

$	(2,526.94)	$

-	$	(500.00)

Other Income (Expense)

Interest Income	$	2,105.78		$	421.16		$	2,526.94		$	-	$	500.00	
Total Other Income (Expense)	$	2,105.78		$	421.16		$	2,526.94		
$	-	$	500.00	
Net Income (Loss)	$	(58,681.98)		$	58,681.98		$	-		
$	-	$	-	

Grove Resort Community Development District FY 2020-2021 Debt Service Proposed Budget

	FY 2021
Proposed DS Budget	
REVENUES:		
Series 2017A	$	1,313,531.25	
Series 2017B	731,625.00	
TOTAL REVENUES	  $	2,045,156.25 	

EXPENDITURES:		
Series 2017A - Interest 11/1/2020	$	369,593.75	
Series 2017A - Interest 5/1/2021	364,468.75	
Series 2017A - Principal 5/1/2021	215,000.00	
Series 2017B - Interest 11/1/2020	146,325.00	
Series 2017B - Interest 5/1/2021	292,650.00	
Series 2017B - Principal 5/1/2021	-	
TOTAL EXPENDITURES	  $	1,388,037.50 	

EXCESS REVENUES (Series 2017A - Interest 11/1/2021)	

$	364,468.75	
EXCESS REVENUES (Series 2017B - Interest 11/1/2021)	292,650.00	

272431300001050	$	175.00	$	1,124.05	
272431300001060	$	175.00	$	1,124.05	
272431300001070	$	175.00	$	1,124.05	
272431300001080	$	175.00	$	1,124.05	
272431300001090	$	175.00	$	1,124.05	
272431300001100	$	175.00	$	1,124.05	
272431300001110	$	175.00	$	1,124.05	
272431300001120	$	175.00	$	1,124.05	
272431300001130	$	175.00	$	1,124.05	
272431300001140	$	175.00	$	1,124.05	
272431300001270	$	175.00	$	1,124.05	
272431300001280	$	175.00	$	1,124.05	
272431300001290	$	175.00	$	1,124.05	
272431300001300	$	175.00	$	1,124.05	
272431300001310	$	175.00	$	1,124.05	
272431300001320	$	175.00	$	1,124.05	
272431300002010	$	175.00	$	1,124.05	
272431300002020	$	175.00	$	1,124.05	
272431300002030	$	175.00	$	1,124.05	
272431300002040	$	175.00	$	1,124.05	
272431300002050	$	175.00	$	1,124.05	
272431300002060	$	175.00	$	1,124.05	
272431300002070	$	175.00	$	1,124.05	
272431300002080	$	175.00	$	1,124.05	
272431300002090	$	175.00	$	1,124.05	
272431300002100	$	175.00	$	1,124.05	
272431300002110	$	175.00	$	1,124.05	
272431300002120	$	175.00	$	1,124.05	
272431300002130	$	175.00	$	1,124.05	
272431300002140	$	175.00	$	1,124.05	
272431300002150	$	175.00	$	1,124.05	
272431300002160	$	175.00	$	1,124.05	
272431300002170	$	175.00	$	1,124.05	
272431300002180	$	175.00	$	1,124.05	
272431300002190	$	175.00	$	1,124.05	
272431300002200	$	175.00	$	1,124.05	
272431300002210	$	175.00	$	1,124.05	
272431300002220	$	175.00	$	1,124.05	
272431300002230	$	175.00	$	1,124.05	
272431300002240	$	175.00	$	1,124.05	
272431300002250	$	175.00	$	1,124.05	
272431300002260	$	175.00	$	1,124.05	
272431300002270	$	175.00	$	1,124.05	
272431300002280	$	175.00	$	1,124.05	
272431300002290	$	175.00	$	1,124.05	
272431300002300	$	175.00	$	1,124.05	

272431300002310	$	175.00	$	1,124.05	
272431300002320	$	175.00	$	1,124.05	
272431300002330	$	175.00	$	1,124.05	
272431300002340	$	175.00	$	1,124.05	
272431300002350	$	175.00	$	1,124.05	
272431300002360	$	175.00	$	1,124.05	
272431300002370	$	175.00	$	1,124.05	
272431300002380	$	175.00	$	1,124.05	
272431300002390	$	175.00	$	1,124.05	
272431300002400	$	175.00	$	1,124.05	
272431300002410	$	175.00	$	1,124.05	
272431300002420	$	175.00	$	1,124.05	
272431300002430	$	175.00	$	1,124.05	
272431300002440	$	175.00	$	1,124.05	
272431300002450	$	175.00	$	1,124.05	
272431300002460	$	175.00	$	1,124.05	
272431300003010	$	175.00	$	1,124.05	
272431300003020	$	175.00	$	1,124.05	
272431300003030	$	175.00	$	1,124.05	
272431300003040	$	175.00	$	1,124.05	
272431300003050	$	175.00	$	1,124.05	
272431300003060	$	175.00	$	1,124.05	
272431300003070	$	175.00	$	1,124.05	
272431300003080	$	175.00	$	1,124.05	
272431300003090	$	175.00	$	1,124.05	
272431300003100	$	175.00	$	1,124.05	
272431300003110	$	175.00	$	1,124.05	
272431300003120	$	175.00	$	1,124.05	
272431300003130	$	175.00	$	1,124.05	
272431300003140	$	175.00	$	1,124.05	
272431300003150	$	175.00	$	1,124.05	
272431300003160	$	175.00	$	1,124.05	
272431300003170	$	175.00	$	1,124.05	
272431300003180	$	175.00	$	1,124.05	
272431300003190	$	175.00	$	1,124.05	
272431300003200	$	175.00	$	1,124.05	
272431300003210	$	175.00	$	1,124.05	
272431300003220	$	175.00	$	1,124.05	
272431300003230	$	175.00	$	1,124.05	
272431300003240	$	175.00	$	1,124.05	
272431300003250	$	175.00	$	1,124.05	
272431300003260	$	175.00	$	1,124.05	
272431300003270	$	175.00	$	1,124.05	
272431300003280	$	175.00	$	1,124.05	
272431300003290	$	175.00	$	1,124.05	
272431300003300	$	175.00	$	1,124.05	

272431300003310	$	175.00	$	1,124.05	
272431300003320	$	175.00	$	1,124.05	
272431300003330	$	175.00	$	1,124.05	
272431300003340	$	175.00	$	1,124.05	
272431300003350	$	175.00	$	1,124.05	
272431300003360	$	175.00	$	1,124.05	
272431300003370	$	175.00	$	1,124.05	
272431300003380	$	175.00	$	1,124.05	
272431300003390	$	175.00	$	1,124.05	
272431300003400	$	175.00	$	1,124.05	
272431300003410	$	175.00	$	1,124.05	
272431300003420	$	175.00	$	1,124.05	
272431300003430	$	175.00	$	1,124.05	
272431300003440	$	175.00	$	1,124.05	
272431300003450	$	175.00	$	1,124.05	
272431300003460	$	175.00	$	1,124.05	
272431300004010	$	175.00	$	1,124.05	
272431300004020	$	175.00	$	1,124.05	
272431300004030	$	175.00	$	1,124.05	
272431300004040	$	175.00	$	1,124.05	
272431300004050	$	175.00	$	1,124.05	
272431300004060	$	175.00	$	1,124.05	
272431300004070	$	175.00	$	1,124.05	
272431300004080	$	175.00	$	1,124.05	
272431300004090	$	175.00	$	1,124.05	
272431300004100	$	175.00	$	1,124.05	
272431300004110	$	175.00	$	1,124.05	
272431300004120	$	175.00	$	1,124.05	
272431300004130	$	175.00	$	1,124.05	
272431300004140	$	175.00	$	1,124.05	
272431300004150	$	175.00	$	1,124.05	
272431300004160	$	175.00	$	1,124.05	
272431300004170	$	175.00	$	1,124.05	
272431300004180	$	175.00	$	1,124.05	
272431300004190	$	175.00	$	1,124.05	
272431300004200	$	175.00	$	1,124.05	
272431300004210	$	175.00	$	1,124.05	
272431300004220	$	175.00	$	1,124.05	
272431300004230	$	175.00	$	1,124.05	
272431300004240	$	175.00	$	1,124.05	
272431300004250	$	175.00	$	1,124.05	
272431300004260	$	175.00	$	1,124.05	
272431300004270	$	175.00	$	1,124.05	
272431300004280	$	175.00	$	1,124.05	
272431300004290	$	175.00	$	1,124.05	
272431300004300	$	175.00	$	1,124.05	

272431300004310	$	175.00	$	1,124.05	
272431300004320	$	175.00	$	1,124.05	
272431300004330	$	175.00	$	1,124.05	
272431300004340	$	175.00	$	1,124.05	
272431300004350	$	175.00	$	1,124.05	
272431300004360	$	175.00	$	1,124.05	
272431300004370	$	175.00	$	1,124.05	
272431300004380	$	175.00	$	1,124.05	
272431300004390	$	175.00	$	1,124.05	
272431300004400	$	175.00	$	1,124.05	
272431300004410	$	175.00	$	1,124.05	
272431300004420	$	175.00	$	1,124.05	
272431300004430	$	175.00	$	1,124.05	
272431300004440	$	175.00	$	1,124.05	
272431300004450	$	175.00	$	1,124.05	
272431300004460	$	175.00	$	1,124.05	
272431300005010	$	175.00	$	1,124.05	
272431300005020	$	175.00	$	1,124.05	
272431300005030	$	175.00	$	1,124.05	
272431300005040	$	175.00	$	1,124.05	
272431300005050	$	175.00	$	1,124.05	
272431300005060	$	175.00	$	1,124.05	
272431300005070	$	175.00	$	1,124.05	
272431300005080	$	175.00	$	1,124.05	
272431300005090	$	175.00	$	1,124.05	
272431300005100	$	175.00	$	1,124.05	
272431300005110	$	175.00	$	1,124.05	
272431300005120	$	175.00	$	1,124.05	
272431300005130	$	175.00	$	1,124.05	
272431300005140	$	175.00	$	1,124.05	
272431300005150	$	175.00	$	1,124.05	
272431300005160	$	175.00	$	1,124.05	
272431300005170	$	175.00	$	1,124.05	
272431300005180	$	175.00	$	1,124.05	
272431300005190	$	175.00	$	1,124.05	
272431300005200	$	175.00	$	1,124.05	
272431300005210	$	175.00	$	1,124.05	
272431300005220	$	175.00	$	1,124.05	
272431300005230	$	175.00	$	1,124.05	
272431300005240	$	175.00	$	1,124.05	
272431300005250	$	175.00	$	1,124.05	
272431300005260	$	175.00	$	1,124.05	
272431300005270	$	175.00	$	1,124.05	
272431300005280	$	175.00	$	1,124.05	
272431300005290	$	175.00	$	1,124.05	
272431300005300	$	175.00	$	1,124.05	

272431300005310	$	175.00	$	1,124.05	
272431300005320	$	175.00	$	1,124.05	
272431300005330	$	175.00	$	1,124.05	
272431300005340	$	175.00	$	1,124.05	
272431300005350	$	175.00	$	1,124.05	
272431300005360	$	175.00	$	1,124.05	
272431300005370	$	175.00	$	1,124.05	
272431300005380	$	175.00	$	1,124.05	
272431300005390	$	175.00	$	1,124.05	
272431300005400	$	175.00	$	1,124.05	
272431300005410	$	175.00	$	1,124.05	
272431300005420	$	175.00	$	1,124.05	
272431300005430	$	175.00	$	1,124.05	
272431300005440	$	175.00	$	1,124.05	
272431300005450	$	175.00	$	1,124.05	
272431300005460	$	175.00	$	1,124.05	
272431300006010	$	175.00	$	1,124.05	
272431300006020	$	175.00	$	1,124.05	
272431300006030	$	175.00	$	1,124.05	
272431300006040	$	175.00	$	1,124.05	
272431300006050	$	175.00	$	1,124.05	
272431300006060	$	175.00	$	1,124.05	
272431300006070	$	175.00	$	1,124.05	
272431300006080	$	175.00	$	1,124.05	
272431300006090	$	175.00	$	1,124.05	
272431300006100	$	175.00	$	1,124.05	
272431300006110	$	175.00	$	1,124.05	
272431300006120	$	175.00	$	1,124.05	
272431300006130	$	175.00	$	1,124.05	
272431300006140	$	175.00	$	1,124.05	
272431300006150	$	175.00	$	1,124.05	
272431300006160	$	175.00	$	1,124.05	
272431300006170	$	175.00	$	1,124.05	
272431300006180	$	175.00	$	1,124.05	
272431300006190	$	175.00	$	1,124.05	
272431300006200	$	175.00	$	1,124.05	
272431300006210	$	175.00	$	1,124.05	
272431300006220	$	175.00	$	1,124.05	
272431300006230	$	175.00	$	1,124.05	
272431300006240	$	175.00	$	1,124.05	
272431300006250	$	175.00	$	1,124.05	
272431300006260	$	175.00	$	1,124.05	
272431300006270	$	175.00	$	1,124.05	
272431300006280	$	175.00	$	1,124.05	
272431300006290	$	175.00	$	1,124.05	
272431300006300	$	175.00	$	1,124.05	

272431300006310	$	175.00	$	1,124.05	
272431300006320	$	175.00	$	1,124.05	
272431300006330	$	175.00	$	1,124.05	
272431300006340	$	175.00	$	1,124.05	
272431300006350	$	175.00	$	1,124.05	
272431300006360	$	175.00	$	1,124.05	
272431300006370	$	175.00	$	1,124.05	
272431300006380	$	175.00	$	1,124.05	
272431300006390	$	175.00	$	1,124.05	
272431300006400	$	175.00	$	1,124.05	
272431300006410	$	175.00	$	1,124.05	
272431300006420	$	175.00	$	1,124.05	
272431300006430	$	175.00	$	1,124.05	
272431300006440	$	175.00	$	1,124.05	
272431300006450	$	175.00	$	1,124.05	
272431300006460	$	175.00	$	1,124.05	
272431300007010	$	175.00	$	1,124.05	
272431300007020	$	175.00	$	1,124.05	
272431300007030	$	175.00	$	1,124.05	
272431300007040	$	175.00	$	1,124.05	
272431300007050	$	175.00	$	1,124.05	
272431300007060	$	175.00	$	1,124.05	
272431300007070	$	175.00	$	1,124.05	
272431300007080	$	175.00	$	1,124.05	
272431300007090	$	175.00	$	1,124.05	
272431300007100	$	175.00	$	1,124.05	
272431300007110	$	175.00	$	1,124.05	
272431300007120	$	175.00	$	1,124.05	
272431300007130	$	175.00	$	1,124.05	
272431300007140	$	175.00	$	1,124.05	
272431300007150	$	175.00	$	1,124.05	
272431300007160	$	175.00	$	1,124.05	
272431300007170	$	175.00	$	1,124.05	
272431300007180	$	175.00	$	1,124.05	
272431300007190	$	175.00	$	1,124.05	
272431300007200	$	175.00	$	1,124.05	
272431300007210	$	175.00	$	1,124.05	
272431300007220	$	175.00	$	1,124.05	
272431300007230	$	175.00	$	1,124.05	
272431300007240	$	175.00	$	1,124.05	
272431300007250	$	175.00	$	1,124.05	
272431300007260	$	175.00	$	1,124.05	
272431300007270	$	175.00	$	1,124.05	
272431300007280	$	175.00	$	1,124.05	
272431300007290	$	175.00	$	1,124.05	
272431300007300	$	175.00	$	1,124.05	

272431300007310	$	175.00	$	1,124.05	
272431300007320	$	175.00	$	1,124.05	
272431300007330	$	175.00	$	1,124.05	
272431300007340	$	175.00	$	1,124.05	
272431300007350	$	175.00	$	1,124.05	
272431300007360	$	175.00	$	1,124.05	
272431300007370	$	175.00	$	1,124.05	
272431300007380	$	175.00	$	1,124.05	
272431300007390	$	175.00	$	1,124.05	
272431300007400	$	175.00	$	1,124.05	
272431300007410	$	175.00	$	1,124.05	
272431300007420	$	175.00	$	1,124.05	
272431300007430	$	175.00	$	1,124.05	
272431300007440	$	175.00	$	1,124.05	
272431300007450	$	175.00	$	1,124.05	
272431300007460	$	175.00	$	1,124.05	
272431300021010	$	175.00	$	1,124.05	
272431300021020	$	175.00	$	1,124.05	
272431300021030	$	175.00	$	1,124.05	
272431300021040	$	175.00	$	1,124.05	
272431300021050	$	175.00	$	1,124.05	
272431300021070	$	175.00	$	1,124.05	
272431300021080	$	175.00	$	1,124.05	
272431300021090	$	175.00	$	1,124.05	
272431300021100	$	175.00	$	1,124.05	
272431300021110	$	175.00	$	1,124.05	
272431300021120	$	175.00	$	1,124.05	
272431300021130	$	175.00	$	1,124.05	
272431300021140	$	175.00	$	1,124.05	
272431300021150	$	175.00	$	1,124.05	
272431300021160	$	175.00	$	1,124.05	
272431300021170	$	175.00	$	1,124.05	
272431300021180	$	175.00	$	1,124.05	
272431300021190	$	175.00	$	1,124.05	
272431300021200	$	175.00	$	1,124.05	
272431300021210	$	175.00	$	1,124.05	
272431300021220	$	175.00	$	1,124.05	
272431300021230	$	175.00	$	1,124.05	
272431300021240	$	175.00	$	1,124.05	
272431300021250	$	175.00	$	1,124.05	
272431300021260	$	175.00	$	1,124.05	
272431300021270	$	175.00	$	1,124.05	
272431300021280	$	175.00	$	1,124.05	
272431300021290	$	175.00	$	1,124.05	
272431300021300	$	175.00	$	1,124.05	
272431300021310	$	175.00	$	1,124.05	

272431300021320	$	175.00	$	1,124.05	
272431300021330	$	175.00	$	1,124.05	
272431300021340	$	175.00	$	1,124.05	
272431300021350	$	175.00	$	1,124.05	
272431300021360	$	175.00	$	1,124.05	
272431300021370	$	175.00	$	1,124.05	
272431300021380	$	175.00	$	1,124.05	
272431300021390	$	175.00	$	1,124.05	
272431300021400	$	175.00	$	1,124.05	
272431300021410	$	175.00	$	1,124.05	
272431300021420	$	175.00	$	1,124.05	
272431300022010	$	175.00	$	1,124.05	
272431300022020	$	175.00	$	1,124.05	
272431300022030	$	175.00	$	1,124.05	
272431300022040	$	175.00	$	1,124.05	
272431300022050	$	175.00	$	1,124.05	
272431300022060	$	175.00	$	1,124.05	
272431300022070	$	175.00	$	1,124.05	
272431300022080	$	175.00	$	1,124.05	
272431300022090	$	175.00	$	1,124.05	
272431300022100	$	175.00	$	1,124.05	
272431300022110	$	175.00	$	1,124.05	
272431300022120	$	175.00	$	1,124.05	
272431300022130	$	175.00	$	1,124.05	
272431300022140	$	175.00	$	1,124.05	
272431300022150	$	175.00	$	1,124.05	
272431300022160	$	175.00	$	1,124.05	
272431300022170	$	175.00	$	1,124.05	
272431300022180	$	175.00	$	1,124.05	
272431300022190	$	175.00	$	1,124.05	
272431300022200	$	175.00	$	1,124.05	
272431300022210	$	175.00	$	1,124.05	
272431300022220	$	175.00	$	1,124.05	
272431300022230	$	175.00	$	1,124.05	
272431300022240	$	175.00	$	1,124.05	
272431300022250	$	175.00	$	1,124.05	
272431300022260	$	175.00	$	1,124.05	
272431300022270	$	175.00	$	1,124.05	
272431300022280	$	175.00	$	1,124.05	
272431300022290	$	175.00	$	1,124.05	
272431300022300	$	175.00	$	1,124.05	
272431300022310	$	175.00	$	1,124.05	
272431300022320	$	175.00	$	1,124.05	
272431300022330	$	175.00	$	1,124.05	
272431300022340	$	175.00	$	1,124.05	
272431300022350	$	175.00	$	1,124.05	

272431300022360	$	175.00	$	1,124.05	
272431300022370	$	175.00	$	1,124.05	
272431300022380	$	175.00	$	1,124.05	
272431300022390	$	175.00	$	1,124.05	
272431300022400	$	175.00	$	1,124.05	
272431300022410	$	175.00	$	1,124.05	
272431300022420	$	175.00	$	1,124.05	
272431300023010	$	175.00	$	1,124.05	
272431300023020	$	175.00	$	1,124.05	
272431300023030	$	175.00	$	1,124.05	
272431300023040	$	175.00	$	1,124.05	
272431300023050	$	175.00	$	1,124.05	
272431300023060	$	175.00	$	1,124.05	
272431300023070	$	175.00	$	1,124.05	
272431300023080	$	175.00	$	1,124.05	
272431300023090	$	175.00	$	1,124.05	
272431300023100	$	175.00	$	1,124.05	
272431300023110	$	175.00	$	1,124.05	
272431300023120	$	175.00	$	1,124.05	
272431300023130	$	175.00	$	1,124.05	
272431300023140	$	175.00	$	1,124.05	
272431300023150	$	175.00	$	1,124.05	
272431300023160	$	175.00	$	1,124.05	
272431300023170	$	175.00	$	1,124.05	
272431300023180	$	175.00	$	1,124.05	
272431300023190	$	175.00	$	1,124.05	
272431300023200	$	175.00	$	1,124.05	
272431300023210	$	175.00	$	1,124.05	
272431300023220	$	175.00	$	1,124.05	
272431300023230	$	175.00	$	1,124.05	
272431300023240	$	175.00	$	1,124.05	
272431300023250	$	175.00	$	1,124.05	
272431300023260	$	175.00	$	1,124.05	
272431300023270	$	175.00	$	1,124.05	
272431300023280	$	175.00	$	1,124.05	
272431300023290	$	175.00	$	1,124.05	
272431300023300	$	175.00	$	1,124.05	
272431300023310	$	175.00	$	1,124.05	
272431300023320	$	175.00	$	1,124.05	
272431300023330	$	175.00	$	1,124.05	
272431300023340	$	175.00	$	1,124.05	
272431300023350	$	175.00	$	1,124.05	
272431300023360	$	175.00	$	1,124.05	
272431300023370	$	175.00	$	1,124.05	
272431300023380	$	175.00	$	1,124.05	
272431300023390	$	175.00	$	1,124.05	

272431300023400	$	175.00	$	1,124.05	
272431300023410	$	175.00	$	1,124.05	
272431300023420	$	175.00	$	1,124.05	
272431300024010	$	175.00	$	1,124.05	
272431300024020	$	175.00	$	1,124.05	
272431300024030	$	175.00	$	1,124.05	
272431300024040	$	175.00	$	1,124.05	
272431300024050	$	175.00	$	1,124.05	
272431300024060	$	175.00	$	1,124.05	
272431300024070	$	175.00	$	1,124.05	
272431300024080	$	175.00	$	1,124.05	
272431300024090	$	175.00	$	1,124.05	
272431300024100	$	175.00	$	1,124.05	
272431300024110	$	175.00	$	1,124.05	
272431300024120	$	175.00	$	1,124.05	
272431300024130	$	175.00	$	1,124.05	
272431300024140	$	175.00	$	1,124.05	
272431300024150	$	175.00	$	1,124.05	
272431300024160	$	175.00	$	1,124.05	
272431300024170	$	175.00	$	1,124.05	
272431300024180	$	175.00	$	1,124.05	
272431300024190	$	175.00	$	1,124.05	
272431300024200	$	175.00	$	1,124.05	
272431300024210	$	175.00	$	1,124.05	
272431300024220	$	175.00	$	1,124.05	
272431300024230	$	175.00	$	1,124.05	
272431300024240	$	175.00	$	1,124.05	
272431300024250	$	175.00	$	1,124.05	
272431300024260	$	175.00	$	1,124.05	
272431300024270	$	175.00	$	1,124.05	
272431300024280	$	175.00	$	1,124.05	
272431300024290	$	175.00	$	1,124.05	
272431300024300	$	175.00	$	1,124.05	
272431300024310	$	175.00	$	1,124.05	
272431300024320	$	175.00	$	1,124.05	
272431300024330	$	175.00	$	1,124.05	
272431300024340	$	175.00	$	1,124.05	
272431300024350	$	175.00	$	1,124.05	
272431300024360	$	175.00	$	1,124.05	
272431300024370	$	175.00	$	1,124.05	
272431300024380	$	175.00	$	1,124.05	
272431300024390	$	175.00	$	1,124.05	
272431300024400	$	175.00	$	1,124.05	
272431300024410	$	175.00	$	1,124.05	
272431300024420	$	175.00	$	1,124.05	
272431300025010	$	175.00	$	1,124.05	

272431300025020	$	175.00	$	1,124.05	
272431300025030	$	175.00	$	1,124.05	
272431300025040	$	175.00	$	1,124.05	
272431300025050	$	175.00	$	1,124.05	
272431300025060	$	175.00	$	1,124.05	
272431300025070	$	175.00	$	1,124.05	
272431300025080	$	175.00	$	1,124.05	
272431300025090	$	175.00	$	1,124.05	
272431300025100	$	175.00	$	1,124.05	
272431300025110	$	175.00	$	1,124.05	
272431300025120	$	175.00	$	1,124.05	
272431300025130	$	175.00	$	1,124.05	
272431300025140	$	175.00	$	1,124.05	
272431300025150	$	175.00	$	1,124.05	
272431300025160	$	175.00	$	1,124.05	
272431300025170	$	175.00	$	1,124.05	
272431300025180	$	175.00	$	1,124.05	
272431300025190	$	175.00	$	1,124.05	
272431300025200	$	175.00	$	1,124.05	
272431300025210	$	175.00	$	1,124.05	
272431300025220	$	175.00	$	1,124.05	
272431300025230	$	175.00	$	1,124.05	
272431300025240	$	175.00	$	1,124.05	
272431300025250	$	175.00	$	1,124.05	
272431300025260	$	175.00	$	1,124.05	
272431300025270	$	175.00	$	1,124.05	
272431300025280	$	175.00	$	1,124.05	
272431300025290	$	175.00	$	1,124.05	
272431300025300	$	175.00	$	1,124.05	
272431300025310	$	175.00	$	1,124.05	
272431300025320	$	175.00	$	1,124.05	
272431300025330	$	175.00	$	1,124.05	
272431300025340	$	175.00	$	1,124.05	
272431300025350	$	175.00	$	1,124.05	
272431300025360	$	175.00	$	1,124.05	
272431300025370	$	175.00	$	1,124.05	
272431300025380	$	175.00	$	1,124.05	
272431300025390	$	175.00	$	1,124.05	
272431300025400	$	175.00	$	1,124.05	
272431300025410	$	175.00	$	1,124.05	
272431300025420	$	175.00	$	1,124.05	
272431300026010	$	175.00	$	1,124.05	
272431300026020	$	175.00	$	1,124.05	
272431300026030	$	175.00	$	1,124.05	
272431300026040	$	175.00	$	1,124.05	
272431300026050	$	175.00	$	1,124.05	

272431300026060	$	175.00	$	1,124.05	
272431300026070	$	175.00	$	1,124.05	
272431300026080	$	175.00	$	1,124.05	
272431300026090	$	175.00	$	1,124.05	
272431300026100	$	175.00	$	1,124.05	
272431300026110	$	175.00	$	1,124.05	
272431300026120	$	175.00	$	1,124.05	
272431300026130	$	175.00	$	1,124.05	
272431300026140	$	175.00	$	1,124.05	
272431300026150	$	175.00	$	1,124.05	
272431300026160	$	175.00	$	1,124.05	
272431300026170	$	175.00	$	1,124.05	
272431300026180	$	175.00	$	1,124.05	
272431300026190	$	175.00	$	1,124.05	
272431300026200	$	175.00	$	1,124.05	
272431300026210	$	175.00	$	1,124.05	
272431300026220	$	175.00	$	1,124.05	
272431300026230	$	175.00	$	1,124.05	
272431300026240	$	175.00	$	1,124.05	
272431300026250	$	175.00	$	1,124.05	
272431300026260	$	175.00	$	1,124.05	
272431300026270	$	175.00	$	1,124.05	
272431300026280	$	175.00	$	1,124.05	
272431300026290	$	175.00	$	1,124.05	
272431300026300	$	175.00	$	1,124.05	
272431300026310	$	175.00	$	1,124.05	
272431300026320	$	175.00	$	1,124.05	
272431300026330	$	175.00	$	1,124.05	
272431300026340	$	175.00	$	1,124.05	
272431300026350	$	175.00	$	1,124.05	
272431300026360	$	175.00	$	1,124.05	
272431300026370	$	175.00	$	1,124.05	
272431300026380	$	175.00	$	1,124.05	
272431300026390	$	175.00	$	1,124.05	
272431300026400	$	175.00	$	1,124.05	
272431300026410	$	175.00	$	1,124.05	
272431300026420	$	175.00	$	1,124.05	
272431300027010	$	175.00	$	1,124.05	
272431300027020	$	175.00	$	1,124.05	
272431300027030	$	175.00	$	1,124.05	
272431300027040	$	175.00	$	1,124.05	
272431300027050	$	175.00	$	1,124.05	
272431300027060	$	175.00	$	1,124.05	
272431300027070	$	175.00	$	1,124.05	
272431300027080	$	175.00	$	1,124.05	
272431300027090	$	175.00	$	1,124.05	

272431300027100	$	175.00	$	1,124.05	
272431300027110	$	175.00	$	1,124.05	
272431300027120	$	175.00	$	1,124.05	
272431300027130	$	175.00	$	1,124.05	
272431300027140	$	175.00	$	1,124.05	
272431300027150	$	175.00	$	1,124.05	
272431300027160	$	175.00	$	1,124.05	
272431300027170	$	175.00	$	1,124.05	
272431300027180	$	175.00	$	1,124.05	
272431300027190	$	175.00	$	1,124.05	
272431300027200	$	175.00	$	1,124.05	
272431300027210	$	175.00	$	1,124.05	
272431300027220	$	175.00	$	1,124.05	
272431300027230	$	175.00	$	1,124.05	
272431300027240	$	175.00	$	1,124.05	
272431300027250	$	175.00	$	1,124.05	
272431300027260	$	175.00	$	1,124.05	
272431300027270	$	175.00	$	1,124.05	
272431300027280	$	175.00	$	1,124.05	
272431300027290	$	175.00	$	1,124.05	
272431300027300	$	175.00	$	1,124.05	
272431300027310	$	175.00	$	1,124.05	
272431300027320	$	175.00	$	1,124.05	
272431300027330	$	175.00	$	1,124.05	
272431300027340	$	175.00	$	1,124.05	
272431300027350	$	175.00	$	1,124.05	
272431300027360	$	175.00	$	1,124.05	
272431300027370	$	175.00	$	1,124.05	
272431300027380	$	175.00	$	1,124.05	
272431300027390	$	175.00	$	1,124.05	
272431300027400	$	175.00	$	1,124.05	
272431300027410	$	175.00	$	1,124.05	
272431300031010	$	175.00	$	1,124.05	
272431300031020	$	175.00	$	1,124.05	
272431300031030	$	175.00	$	1,124.05	
272431300031040	$	175.00	$	1,124.05	
272431300031070	$	175.00	$	1,124.05	
272431300031080	$	175.00	$	1,124.05	
272431300031090	$	175.00	$	1,124.05	
272431300031100	$	175.00	$	1,124.05	
272431300031105	$	175.00	$	1,124.05	
272431300031110	$	175.00	$	1,124.05	
272431300031120	$	175.00	$	1,124.05	
272431300031130	$	175.00	$	1,124.05	
272431300031140	$	175.00	$	1,124.05	
272431300031150	$	175.00	$	1,124.05	

272431300031160	$	175.00	$	1,124.05	
272431300031170	$	175.00	$	1,124.05	
272431300031180	$	175.00	$	1,124.05	
272431300031190	$	175.00	$	1,124.05	
272431300031200	$	175.00	$	1,124.05	
272431300031210	$	175.00	$	1,124.05	
272431300031220	$	175.00	$	1,124.05	
272431300031230	$	175.00	$	1,124.05	
272431300031240	$	175.00	$	1,124.05	
272431300031250	$	175.00	$	1,124.05	
272431300031260	$	175.00	$	1,124.05	
272431300031270	$	175.00	$	1,124.05	
272431300031280	$	175.00	$	1,124.05	
272431300031290	$	175.00	$	1,124.05	
272431300031300	$	175.00	$	1,124.05	
272431300031310	$	175.00	$	1,124.05	
272431300031320	$	175.00	$	1,124.05	
272431300031330	$	175.00	$	1,124.05	
272431300031340	$	175.00	$	1,124.05	
272431300031350	$	175.00	$	1,124.05	
272431300031360	$	175.00	$	1,124.05	
272431300031370	$	175.00	$	1,124.05	
272431300031380	$	175.00	$	1,124.05	
272431300031390	$	175.00	$	1,124.05	
272431300031400	$	175.00	$	1,124.05	
272431300031410	$	175.00	$	1,124.05	
272431300031420	$	175.00	$	1,124.05	
272431300032010	$	175.00	$	1,124.05	
272431300032020	$	175.00	$	1,124.05	
272431300032030	$	175.00	$	1,124.05	
272431300032040	$	175.00	$	1,124.05	
272431300032050	$	175.00	$	1,124.05	
272431300032060	$	175.00	$	1,124.05	
272431300032070	$	175.00	$	1,124.05	
272431300032080	$	175.00	$	1,124.05	
272431300032090	$	175.00	$	1,124.05	
272431300032100	$	175.00	$	1,124.05	
272431300032110	$	175.00	$	1,124.05	
272431300032120	$	175.00	$	1,124.05	
272431300032130	$	175.00	$	1,124.05	
272431300032140	$	175.00	$	1,124.05	
272431300032150	$	175.00	$	1,124.05	
272431300032160	$	175.00	$	1,124.05	
272431300032170	$	175.00	$	1,124.05	
272431300032180	$	175.00	$	1,124.05	
272431300032190	$	175.00	$	1,124.05	

272431300032200	$	175.00	$	1,124.05	
272431300032210	$	175.00	$	1,124.05	
272431300032220	$	175.00	$	1,124.05	
272431300032230	$	175.00	$	1,124.05	
272431300032240	$	175.00	$	1,124.05	
272431300032250	$	175.00	$	1,124.05	
272431300032260	$	175.00	$	1,124.05	
272431300032270	$	175.00	$	1,124.05	
272431300032280	$	175.00	$	1,124.05	
272431300032290	$	175.00	$	1,124.05	
272431300032300	$	175.00	$	1,124.05	
272431300032310	$	175.00	$	1,124.05	
272431300032320	$	175.00	$	1,124.05	
272431300032330	$	175.00	$	1,124.05	
272431300032340	$	175.00	$	1,124.05	
272431300032350	$	175.00	$	1,124.05	
272431300032360	$	175.00	$	1,124.05	
272431300032370	$	175.00	$	1,124.05	
272431300032380	$	175.00	$	1,124.05	
272431300032390	$	175.00	$	1,124.05	
272431300032400	$	175.00	$	1,124.05	
272431300032410	$	175.00	$	1,124.05	
272431300032420	$	175.00	$	1,124.05	
272431300033010	$	175.00	$	1,124.05	
272431300033020	$	175.00	$	1,124.05	
272431300033030	$	175.00	$	1,124.05	
272431300033040	$	175.00	$	1,124.05	
272431300033050	$	175.00	$	1,124.05	
272431300033060	$	175.00	$	1,124.05	
272431300033070	$	175.00	$	1,124.05	
272431300033080	$	175.00	$	1,124.05	
272431300033090	$	175.00	$	1,124.05	
272431300033100	$	175.00	$	1,124.05	
272431300033110	$	175.00	$	1,124.05	
272431300033120	$	175.00	$	1,124.05	
272431300033130	$	175.00	$	1,124.05	
272431300033140	$	175.00	$	1,124.05	
272431300033150	$	175.00	$	1,124.05	
272431300033160	$	175.00	$	1,124.05	
272431300033170	$	175.00	$	1,124.05	
272431300033180	$	175.00	$	1,124.05	
272431300033190	$	175.00	$	1,124.05	
272431300033200	$	175.00	$	1,124.05	
272431300033210	$	175.00	$	1,124.05	
272431300033220	$	175.00	$	1,124.05	
272431300033230	$	175.00	$	1,124.05	

272431300033240	$	175.00	$	1,124.05	
272431300033250	$	175.00	$	1,124.05	
272431300033260	$	175.00	$	1,124.05	
272431300033270	$	175.00	$	1,124.05	
272431300033280	$	175.00	$	1,124.05	
272431300033290	$	175.00	$	1,124.05	
272431300033300	$	175.00	$	1,124.05	
272431300033310	$	175.00	$	1,124.05	
272431300033320	$	175.00	$	1,124.05	
272431300033330	$	175.00	$	1,124.05	
272431300033340	$	175.00	$	1,124.05	
272431300033350	$	175.00	$	1,124.05	
272431300033360	$	175.00	$	1,124.05	
272431300033370	$	175.00	$	1,124.05	
272431300033380	$	175.00	$	1,124.05	
272431300033390	$	175.00	$	1,124.05	
272431300033400	$	175.00	$	1,124.05	
272431300033410	$	175.00	$	1,124.05	
272431300033420	$	175.00	$	1,124.05	
272431300034010	$	175.00	$	1,124.05	
272431300034020	$	175.00	$	1,124.05	
272431300034030	$	175.00	$	1,124.05	
272431300034040	$	175.00	$	1,124.05	
272431300034050	$	175.00	$	1,124.05	
272431300034060	$	175.00	$	1,124.05	
272431300034070	$	175.00	$	1,124.05	
272431300034080	$	175.00	$	1,124.05	
272431300034090	$	175.00	$	1,124.05	
272431300034100	$	175.00	$	1,124.05	
272431300034110	$	175.00	$	1,124.05	
272431300034120	$	175.00	$	1,124.05	
272431300034130	$	175.00	$	1,124.05	
272431300034140	$	175.00	$	1,124.05	
272431300034150	$	175.00	$	1,124.05	
272431300034160	$	175.00	$	1,124.05	
272431300034170	$	175.00	$	1,124.05	
272431300034180	$	175.00	$	1,124.05	
272431300034190	$	175.00	$	1,124.05	
272431300034200	$	175.00	$	1,124.05	
272431300034210	$	175.00	$	1,124.05	
272431300034220	$	175.00	$	1,124.05	
272431300034230	$	175.00	$	1,124.05	
272431300034240	$	175.00	$	1,124.05	
272431300034250	$	175.00	$	1,124.05	
272431300034260	$	175.00	$	1,124.05	
272431300034270	$	175.00	$	1,124.05	

272431300034280	$	175.00	$	1,124.05	
272431300034290	$	175.00	$	1,124.05	
272431300034300	$	175.00	$	1,124.05	
272431300034310	$	175.00	$	1,124.05	
272431300034320	$	175.00	$	1,124.05	
272431300034330	$	175.00	$	1,124.05	
272431300034340	$	175.00	$	1,124.05	
272431300034350	$	175.00	$	1,124.05	
272431300034360	$	175.00	$	1,124.05	
272431300034370	$	175.00	$	1,124.05	
272431300034380	$	175.00	$	1,124.05	
272431300034390	$	175.00	$	1,124.05	
272431300034400	$	175.00	$	1,124.05	
272431300034410	$	175.00	$	1,124.05	
272431300034420	$	175.00	$	1,124.05	
272431300035010	$	175.00	$	1,124.05	
272431300035020	$	175.00	$	1,124.05	
272431300035030	$	175.00	$	1,124.05	
272431300035040	$	175.00	$	1,124.05	
272431300035050	$	175.00	$	1,124.05	
272431300035060	$	175.00	$	1,124.05	
272431300035070	$	175.00	$	1,124.05	
272431300035080	$	175.00	$	1,124.05	
272431300035090	$	175.00	$	1,124.05	
272431300035100	$	175.00	$	1,124.05	
272431300035110	$	175.00	$	1,124.05	
272431300035120	$	175.00	$	1,124.05	
272431300035130	$	175.00	$	1,124.05	
272431300035140	$	175.00	$	1,124.05	
272431300035150	$	175.00	$	1,124.05	
272431300035160	$	175.00	$	1,124.05	
272431300035170	$	175.00	$	1,124.05	
272431300035180	$	175.00	$	1,124.05	
272431300035190	$	175.00	$	1,124.05	
272431300035200	$	175.00	$	1,124.05	
272431300035210	$	175.00	$	1,124.05	
272431300035220	$	175.00	$	1,124.05	
272431300035230	$	175.00	$	1,124.05	
272431300035240	$	175.00	$	1,124.05	
272431300035250	$	175.00	$	1,124.05	
272431300035260	$	175.00	$	1,124.05	
272431300035270	$	175.00	$	1,124.05	
272431300035280	$	175.00	$	1,124.05	
272431300035290	$	175.00	$	1,124.05	
272431300035300	$	175.00	$	1,124.05	
272431300035310	$	175.00	$	1,124.05	

272431300035320	$	175.00	$	1,124.05	
272431300035330	$	175.00	$	1,124.05	
272431300035340	$	175.00	$	1,124.05	
272431300035350	$	175.00	$	1,124.05	
272431300035360	$	175.00	$	1,124.05	
272431300035370	$	175.00	$	1,124.05	
272431300035380	$	175.00	$	1,124.05	
272431300035390	$	175.00	$	1,124.05	
272431300035400	$	175.00	$	1,124.05	
272431300035410	$	175.00	$	1,124.05	
272431300035420	$	175.00	$	1,124.05	
272431300036010	$	175.00	$	1,124.05	
272431300036020	$	175.00	$	1,124.05	
272431300036030	$	175.00	$	1,124.05	
272431300036040	$	175.00	$	1,124.05	
272431300036050	$	175.00	$	1,124.05	
272431300036060	$	175.00	$	1,124.05	
272431300036070	$	175.00	$	1,124.05	
272431300036080	$	175.00	$	1,124.05	
272431300036090	$	175.00	$	1,124.05	
272431300036100	$	175.00	$	1,124.05	
272431300036110	$	175.00	$	1,124.05	
272431300036120	$	175.00	$	1,124.05	
272431300036130	$	175.00	$	1,124.05	
272431300036140	$	175.00	$	1,124.05	
272431300036150	$	175.00	$	1,124.05	
272431300036160	$	175.00	$	1,124.05	
272431300036170	$	175.00	$	1,124.05	
272431300036180	$	175.00	$	1,124.05	
272431300036190	$	175.00	$	1,124.05	
272431300036200	$	175.00	$	1,124.05	
272431300036210	$	175.00	$	1,124.05	
272431300036220	$	175.00	$	1,124.05	
272431300036230	$	175.00	$	1,124.05	
272431300036240	$	175.00	$	1,124.05	
272431300036250	$	175.00	$	1,124.05	
272431300036260	$	175.00	$	1,124.05	
272431300036270	$	175.00	$	1,124.05	
272431300036280	$	175.00	$	1,124.05	
272431300036290	$	175.00	$	1,124.05	
272431300036300	$	175.00	$	1,124.05	
272431300036310	$	175.00	$	1,124.05	
272431300036320	$	175.00	$	1,124.05	
272431300036330	$	175.00	$	1,124.05	
272431300036340	$	175.00	$	1,124.05	
272431300036350	$	175.00	$	1,124.05	

272431300036360	$	175.00	$	1,124.05	
272431300036370	$	175.00	$	1,124.05	
272431300036380	$	175.00	$	1,124.05	
272431300036390	$	175.00	$	1,124.05	
272431300036400	$	175.00	$	1,124.05	
272431300036410	$	175.00	$	1,124.05	
272431300036420	$	175.00	$	1,124.05	
272431300037010	$	175.00	$	1,124.05	
272431300037020	$	175.00	$	1,124.05	
272431300037030	$	175.00	$	1,124.05	
272431300037040	$	175.00	$	1,124.05	
272431300037050	$	175.00	$	1,124.05	
272431300037060	$	175.00	$	1,124.05	
272431300037070	$	175.00	$	1,124.05	
272431300037080	$	175.00	$	1,124.05	
272431300037090	$	175.00	$	1,124.05	
272431300037100	$	175.00	$	1,124.05	
272431300037110	$	175.00	$	1,124.05	
272431300037120	$	175.00	$	1,124.05	
272431300037130	$	175.00	$	1,124.05	
272431300037140	$	175.00	$	1,124.05	
272431300037150	$	175.00	$	1,124.05	
272431300037160	$	175.00	$	1,124.05	
272431300037170	$	175.00	$	1,124.05	
272431300037180	$	175.00	$	1,124.05	
272431300037190	$	175.00	$	1,124.05	
272431300037200	$	175.00	$	1,124.05	
272431300037210	$	175.00	$	1,124.05	
272431300037220	$	175.00	$	1,124.05	
272431300037230	$	175.00	$	1,124.05	
272431300037240	$	175.00	$	1,124.05	
272431300037250	$	175.00	$	1,124.05	
272431300037260	$	175.00	$	1,124.05	
272431300037270	$	175.00	$	1,124.05	
272431300037280	$	175.00	$	1,124.05	
272431300037290	$	175.00	$	1,124.05	
272431300037300	$	175.00	$	1,124.05	
272431300037310	$	175.00	$	1,124.05	
272431300037320	$	175.00	$	1,124.05	
272431300037330	$	175.00	$	1,124.05	
272431300037340	$	175.00	$	1,124.05	
272431300037350	$	175.00	$	1,124.05	
272431300037360	$	175.00	$	1,124.05	
272431300037370	$	175.00	$	1,124.05	
272431300037380	$	175.00	$	1,124.05	
272431300037390	$	175.00	$	1,124.05	

272431300037400	$	175.00	$	1,124.05	
272431300037410	$	175.00	$	1,124.05	
272431300037420	$	175.00	$	1,124.05	
272430000000022	$	943.25	$	‐	
312427000000049	$	520.80	$	‐	
312427300001001	$	1,020.08	$	‐	
312427000000062	$	10.88	$	‐	
312427000000050	$	78.75	$	‐	

$	
156,048.75	
$	
985,791.85	
$	149,806.80	$	946,360.18	

Auditor Selection Committee Rankings & Selection of Auditor

(provided under separate cover)

Public Facilities Report

(provided under separate cover)

Funding Request No. 22

GROVE RESORT
C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

Funding Request No. 022
7/9/2020

Item	Payee	Invoice	General
No.	Number	Fund

1	Developer Funding Request
2020 Request #3	--

$ 23,880.25

TOTAL	$ 23,880.25

c/o PFM Group Consulting

Grove Resort Community Development District

Payment Authorization Nos. 98-99

GROVE RESORT
C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

Payment Authorizations No. 098

7/24/2020

Item	
Payee	
Invoice	
General	
No.		Number	Fund	

1	
Hopping Green & Sams			
	General Counsel Through 06/30/2020	115867	$ 5,262.50	
2	PFM Group Consulting			
	Reimbursables: May 2020	OE-EXP-00895	$	1.50	
	Reimbursables: June 2020	OE-EXP-00949	$	2.00	
3	West Orange Times			
	Legal Advertising on 07/16/2020	20-02571W	$	77.25	

TOTAL	$ 5,343.25

Secretary / Assistant Secretary	Chairperson

c/o Fishkind & Associates, Inc.

Amanda Lane

From:	Kevin Mays <kmays@btipartners.com>
Sent:	Sunday, July 26, 2020 4:50 PM
To:	Amanda Lane
Subject:	Re: Grove Resort - PA #98

 EXTERNAL EMAIL: Use care with links and attachments.	 Ok to pay
Sent from my iPhone

On Jul 24, 2020, at 7:51 PM, Amanda Lane <lanea@pfm.com> wrote:

All,

Please see attached for Payment Authorization(s) #98 for Grove Resort. Please provide authorization to pay (via email or signed cover sheet). If you have any questions, please let me know.

Amanda Lane
Assistant Chief District Accountant

PFM Group Consulting LLC LaneA@pfm.com | web pfm.com
phone 407.723.5900 (direct phone 407.723.5925) | fax 407.723.5901 12051 Corporate Blvd. | Orlando, FL 32817

<GR - PA 098.pdf>

1

GROVE RESORT
C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

Payment Authorizations No. 099
8/7/2020

Item	Payee	Invoice	General
No.	Number	Fund

1	West Orange Times
Legal Advertising on 07/30/2020	20-02750W

$	37.34

TOTAL	$	37.34

Secretary / Assistant Secretary	Chairperson

c/o Fishkind & Associates, Inc.
12051 Corporate Boulevard
Orlando, FL 32817
(407) 382-3256

Amanda Lane

From:	Kevin Mays <kmays@btipartners.com>
Sent:	Saturday, August 8, 2020 4:16 PM
To:	Amanda Lane; Jody Pino; Patricia Brown
Subject:	RE: Grove Resort - PA #99

 EXTERNAL EMAIL: Use care with links and attachments.	 Ok to pay

From: Amanda Lane <lanea@pfm.com>
Sent: Friday, August 7, 2020 4:50 PM
To: Jody Pino <jpino@groveresort.com>; Kevin Mays <kmays@btipartners.com>; Patricia Brown
<PBrown@btipartners.com>
Subject: Grove Resort - PA #99

All,

Please see attached for Payment Authorization(s) #99 for Grove Resort. Please provide authorization to pay (via email or signed cover sheet). If you have any questions, please let me know.

Amanda Lane
Assistant Chief District Accountant

PFM Group Consulting LLC LaneA@pfm.com | web pfm.com
phone 407.723.5900 (direct phone 407.723.5925) | fax 407.723.5901 12051 Corporate Blvd. | Orlando, FL 32817

1

Grove Resort Community Development District

District’s Financial Position

Statement of Financial Position As of 7/31/2020

General Fund

Debt Service Fund

Debt Service Fund - B

Capital Projects Fund

Capital Projects Fund - B

General Long	Total Term Debt

Current Assets			Assets		
General Checking Account	$156,706.82						$156,706.82	
Assessments Receivable	49,435.95						49,435.95	
Prepaid Expenses	2,639.87						2,639.87	
Assessments Receivable		$317,465.24					317,465.24	
Due From Other Funds		49,784.12					49,784.12	
Debt Service Reserve A1 Bond		947,437.50					947,437.50	
Revenue A1 Bond		249,506.53					249,506.53	
Interest A1 Bond		14.50					14.50	
Principal A1 Bond		7.52					7.52	
Due From Other Funds				$97,272.54			97,272.54	
Debt Service Reserve B1 Bond				3,000,000.00			3,000,000.00	
Revenue B1 Bond				0.16			0.16	
Interest B1 Bond				14,013.18			14,013.18	
Prepayment B1 Bond				4,034.78			4,034.78	
Prepayment B2 Bond				937,095.04			937,095.04	
Acquisition/Construction A1 Bond					$20,363.12		20,363.12	
Acquisition/Construction B1 Bond						$205,829.30	205,829.30	
Total Current Assets	$208,782.64		$1,564,215.41		$4,052,415.70		$20,363.12		$205,829.30		$0.00		$6,051,606.17	

Investments
Amount Available in Debt Service Funds											$5,152,109.21		$5,152,109.21	
Amount To Be Provided											18,267,890.79		18,267,890.79	
Total Investments	$0.00		$0.00		$0.00		$0.00		$0.00		$23,420,000.00		$23,420,000.00	

Total Assets	$208,782.64		$1,564,215.41		$4,052,415.70		$20,363.12		$205,829.30		$23,420,000.00		$29,471,606.17	

Liabilities and Net Assets

Current Liabilities
Accounts Payable	
$164,821.82												
$164,821.82	
Deferred Revenue	49,435.95												49,435.95	
Deferred Revenue			$317,465.24										317,465.24	
Total Current Liabilities	$214,257.77		$317,465.24		$0.00		$0.00		$0.00		$0.00		$531,723.01	

Long Term Liabilities
Revenue Bonds Payable - Long-Term											

$23,420,000.00		

$23,420,000.00	
Total Long Term Liabilities	$0.00		$0.00		$0.00		$0.00		$0.00		$23,420,000.00		$23,420,000.00	
Total Liabilities	$214,257.77		$317,465.24		$0.00		$0.00		$0.00		$23,420,000.00		$23,951,723.01	

Net Assets
Net Assets, Unrestricted	

$10,709.52												

$10,709.52	
Current Year Net Assets, Unrestricted	(627.50)												(627.50)	
Net Assets - General Government	25,683.41												25,683.41	
Current Year Net Assets - General Government	(41,240.56)												(41,240.56)	
Net Assets, Unrestricted			$1,065,594.74										1,065,594.74	
Current Year Net Assets, Unrestricted			181,155.43										181,155.43	
Net Assets, Unrestricted					$5,264,745.11								5,264,745.11	
Current Year Net Assets, Unrestricted					(1,212,329.41)								(1,212,329.41)	
Net Assets, Unrestricted							$13,322.03						13,322.03	
Current Year Net Assets, Unrestricted							7,041.09						7,041.09	
Net Assets, Unrestricted									$148,334.15				148,334.15	
Current Year Net Assets, Unrestricted									57,495.15				57,495.15	
Total Net Assets	($5,475.13)		$1,246,750.17		$4,052,415.70		$20,363.12		$205,829.30		$0.00		$5,519,883.16	
														
Total Liabilities and Net Assets	$208,782.64		$1,564,215.41		$4,052,415.70		$20,363.12		$205,829.30		$23,420,000.00		$29,471,606.17	

Debt Service	Debt Service	Capital	
Fund	Fund - B	Projects Fund	

Statement of Activities As of 7/31/2020

General Fund

Capital Projects Fund - B

General Long Term Debt

Total

Revenues

On-Roll Assessments	$98,068.05												$98,068.05	
Off-Roll Assessments	6,368.00												6,368.00	
Developer Contributions	71,640.75												71,640.75	
Other Income & Other Financing Sources	17,441.42												17,441.42	
Inter-Fund Transfers In	(627.50)												(627.50)	
On-Roll Assessments			$629,974.02										629,974.02	
Off-Roll Assessments			35,607.00										35,607.00	
Other Assessments			454,925.99										454,925.99	
Inter-Fund Group Transfers In			(6,840.31)										(6,840.31)	
Off-Roll Assessments					$3,444,527.84								3,444,527.84	
Other Assessments					762,925.01								762,925.01	
Inter-Fund Group Transfers In					(56,503.43)								(56,503.43)	
Inter-Fund Transfers In							$7,467.81						7,467.81	
Inter-Fund Transfers In									$56,503.43				56,503.43	
Total Revenues	$192,890.72		$1,113,666.70		$4,150,949.42		$7,467.81		$56,503.43		$0.00		$5,521,478.08	

Expenses

Trustee Services	$11,047.43												$11,047.43	
Management	20,833.30												20,833.30	
Engineering	287.65												287.65	
Dissemination Agent	5,000.00												5,000.00	
Property Appraiser	878.00												878.00	
District Counsel	52,820.47												52,820.47	
Assessment Administration	5,000.00												5,000.00	
Reamortization Schedules	375.00												375.00	
Audit	6,000.00												6,000.00	
Travel and Per Diem	131.55												131.55	
Postage & Shipping	31.11												31.11	
Legal Advertising	2,011.05												2,011.05	
Web Site Maintenance	1,600.00												1,600.00	
Dues, Licenses, and Fees	175.00												175.00	
General Liability Insurance	5,104.00												5,104.00	
Property & Casualty	125,570.00												125,570.00	
Principal Payments - A Bond			$195,000.00										195,000.00	
Interest Payments - A Bond			744,062.50										744,062.50	
Principal Payments - B Bond					$4,595,000.00								4,595,000.00	
Interest Payments - B Bond					831,900.00								831,900.00	
District Counsel							$525.50						525.50	
Total Expenses	$236,864.56		$939,062.50		$5,426,900.00		$525.50		$0.00		$0.00		$6,603,352.56	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$2,105.78												$2,105.78	
Interest Income			$6,551.23										6,551.23	
Interest Income					$63,621.17								63,621.17	
Interest Income							$98.78						98.78	
Interest Income									$991.72				991.72	
Total Other Revenues (Expenses) & Gains (Losses)	$2,105.78		$6,551.23		$63,621.17		$98.78		$991.72		$0.00		$73,368.68	
Change In Net Assets	($41,868.06)		$181,155.43		($1,212,329.41)		$7,041.09		$57,495.15		$0.00		($1,008,505.80)	

Net Assets At Beginning Of Year	
$36,392.93		
$1,065,594.74		
$5,264,745.11		
$13,322.03		
$148,334.15		
$0.00		
$6,528,388.96	

Net Assets At End Of Year	

($5,475.13)		

$1,246,750.17		

$4,052,415.70		

$20,363.12		

$205,829.30		

$0.00		

$5,519,883.16	

Grove Resort CDD
Budget to Actual
For the Month Ending 7/31/2020

Year To Date

Revenues							Adopted Budget	
On-Roll Assessments	$	98,068.05		$	81,900.00		$	16,168.05		$	98,280.00	
Off-Roll Assessments	6,368.00		41,020.00		(34,652.00)		49,224.00	
Developer Contributions	71,640.75		79,600.80		(7,960.05)		95,521.00	
Developer Contributions - Deficit Funding/Longboard	17,441.42		1,064,800.00		(1,047,358.58)		1,277,760.00	
Net Revenues	$	193,518.22		$ 1,267,320.80		$ (1,073,802.58)		$ 1,520,785.00	

General & Administrative Expenses								
Trustee Services	$	11,047.43		$	10,000.00		$	1,047.43		$	12,000.00	
Management	20,833.30		20,833.30		-		25,000.00	
Engineering	287.65		4,166.70		(3,879.05)		5,000.00	
Dissemination Agent	5,000.00		4,166.70		833.30		5,000.00	
Property Appraiser	878.00		-		878.00		-	
District Counsel	52,820.47		50,000.00		2,820.47		60,000.00	
Assessment Administration	5,000.00		4,166.70		833.30		5,000.00	
Reamortization Schedules	375.00		416.70		(41.70)		500.00	
Audit	6,000.00		5,000.00		1,000.00		6,000.00	
Travel and Per Diem	131.55		416.70		(285.15)		500.00	
Telephone	-		416.70		(416.70)		500.00	
Postage & Shipping	31.11		250.00		(218.89)		300.00	
Copies	-		833.30		(833.30)		1,000.00	
Legal Advertising	2,011.05		833.30		1,177.75		1,000.00	
Miscellaneous	-		416.60		(416.60)		500.00	
Office Supplies	-		125.00		(125.00)		150.00	
Web Site Maintenance	1,600.00		2,000.00		(400.00)		2,400.00	
Dues, Licenses, and Fees	175.00		145.80		29.20		175.00	
General Liability Insurance	5,104.00		5,000.00		104.00		6,000.00	
Property & Casualty	125,570.00		93,333.30		32,236.70		112,000.00	
Deficit Funding/Longboard	17,441.42		1,064,800.00		(1,047,358.58)		1,277,760.00	
Total General & Administrative Expenses	$	254,305.98		$ 1,267,320.80		$ (1,013,014.82)		$ 1,520,785.00	

Actual	Budget	Variance	FY 2020

Total Expenses

  $	254,305.98 

   $ 1,267,320.80 

  $ (1,013,014.82)

  $ 1,520,785.00 

Interest Income	$	2,105.78		$	-	$	2,105.78		$	-	
Total Other Income (Expense)	$	2,105.78		$	-	$	2,105.78		$	-	
Net Income (Loss)	$	(58,681.98)		$	-	$	(58,681.98)		$	-	

Income (Loss) from Operations Other Income (Expense)

$	(60,787.76)	$

-	$	(60,787.76)	$	-

Grove Resort Community Development District

Staff Reports