Grove Resort Community Development District
3501 Quadrangle Boulevard, Suite 270, Orlando, FL 32817; 407.723.5900 www.groveresortcdd.com

The following is the proposed agenda for the Board of Supervisors Meeting of the Grove Resort Community Development District (“District”), scheduled to be held in the Duval Board Room at 14501 Grove Resort Avenue, Winter Garden, Florida 34787 on July 14, 2022, at 10:00 a.m. 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 #

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 June 14, 2022, Board of Supervisors Meeting and the June 21, 2022 Continued Board of Supervisors Meeting
Consideration of Resolution 2022-10, Setting a Regular Meeting Schedule for Fiscal 2022-2023
Business Matters
Public Hearing on the Adoption of Additional Notice and Supermajority Votes Requirements
Public Comments and Testimony
Board Comments
A. Consideration of Resolution 2022-11, Adopting the Additional Notice and Supermajority Votes Requirements
Review and Acceptance of the Stormwater Needs Analysis Report
Ratification of Series 2022 Bond Requisition No. 9
Ratification of Payment Authorization Nos. 169 - 171
Review of District’s Financial Position
Other Business
Staff Reports
District Counsel District Engineer District Manager
Upcoming Meetings: August 16, 2022 – Public Hearing on Budget Adoption
September 13, 2022
Supervisor Requests
Public Comment Period
Adjournment

Grove Resort Community Development District

Minutes of the June 14, 2022, Board of Supervisors’ Meeting and June 21, 2022, Continued Board of Supervisors’ Meeting

GROVE RESORT COMMUNITY DEVELOPMENT DISTRICT

BOARD OF SUPERVISORS MEETING MINUTES

FIRST ORDER OF BUSINESS	Call to Order and Roll Call

The Board of Supervisors Meeting for the Grove Resort Community Development District was called to order on Tuesday, June 14, 2022 at 10:00 a.m. in the Executive Offices Board Room at 14501 Grove Resort Avenue, Winter Garden, Florida 34787.

Board Members listed below constituted a quorum. Board Members in attendance:
Kevin Mays	Board Member
Michael Osborn	Board Member
Noah Breakstone	Board Member Also in attendance were:
Jane Gaarlandt	PFM		
Amanda Lane	PFM	(via phone)	
Kourtney Dinkins	PFM	(via phone)	
Michael Eckert	Kutak Rock		
Mark Wilson Brianna Wilson	Kimley-Horn The Grove	(via phone)	
Abby Kushner	Public		

SECOND ORDER OF BUSINESS	Administrative Matters

This meeting was called to order by Ms. Gaarlandt at 10:13 a.m. and roll call was initiated. Quorum was established with the attendance of the Board listed above. Others in attendance or via speaker phone are listed above.

Public Comment Period

Mr. Eckert asked to add items to the agenda under the District Counsel Report. He requested authorization to terminate some obsoletefunding and bond-related agreements that are no longer necessary once the project has been declared complete. He also requested the District to consent to assignment of certain agreements; authorization to terminate the FY 2021-2022 budget funding agreement and in exchange receive a cash

payment from the developer; consideration of the transitioning of 2 Board Member seats as well as the Election of Officers Resolution. Mr. Eckert also requested that this meeting be continued to June 21, 2022 at 3:00 p.m. instead of adjournment in case of any noticing issue.

ON MOTION from Mr. Mays, and a Second by Mr. Breakstone, with all in favor, the Board approved to add all additional items listed under the District Counsel Report to the agenda.

THIRD ORDER OF BUSINESS	Consideration of the Minutes of the May 10, 2022 Board of Supervisors Meeting

The Board reviewed the Minutes.

ON MOTION from Mr. Mays, and a Second by Mr. Breakstone, with all in favor, the Board approved the Minutes of May 10, 2022 Board of Supervisors Meeting.

FOURTH ORDER OF BUSINESS	Review	of	Number	of Registered Voters

Ms. Gaarlandt noted that there are 0 registered voters in the District. No further action was required by the Board.

FIFTH ORDER OF BUSINESS	Business Matters

Consideration	of		Paramount Hospitality		Management Annual Budget Plan (provided under separate cover)

Ms. Gaarlandt stated that there has been no plan received as of the meeting date and they will go ahead and consider the budget. Mr. Eckert suggested attaching last year’s budget for the purposes of submitting it to the County. No further action was required by the Board at this time.

SIXTH ORDER OF BUSINESS	Consideration of Resolution 2022-07, Approving a Proposed Budget for Fiscal Year
2022-2023 and Setting a Public Hearing	Date	Thereon [suggested date: August 16, 2022]

Ms. Gaarlandt suggested the date of August 16, 2022, at 10:00 a.m. at the same location. An alternate date for the meeting was noted as September 15 if the first date did not work. Mr. Eckert asked if the budget provides for operating reserves so that they can pay the bills for October – December of 2023. Ms. Lane stated that there is not currently a reserve in the budget. Mr. Eckert requested an approval to include 3 months of operating expenses as an operating reserve in the proposed budget. Ms. Lane stated that the proposed amount would be $115,000.00 for the operating reserves. The total budget would be at $458,411.85. PFM has requested a slight increase in the management fee from $25,000 to $27,500.00.

ON MOTION from Mr. Mays, and a Second by Mr. Breakstone, with all in favor, the Board approved Resolution 2022-07, Approving a Proposed Budget for Fiscal Year 2022-2023, with addition of an operating reserve in the amount of $115,000.00, and Setting a Public Hearing Date for August 16, 2022 at 10:00 am at 14501 Grove Resort Avenue, Winter Garden, Florida 34787.

SEVENTH ORDER OF BUSINESS	Consideration	of		Resolution 2022-08,	Project	Completion Resolution (Series 2017A Project)

Mr. Eckert stated that the project had been complete for a while but there were some clean-up issues. The leftover money for the project will be used for a bond call.

ON MOTION from Mr. Mays, and a Second by Mr. Breakstone, with all in favor, the Board approved Resolution 2022-08, Project Completion Resolution (Series 2017A Project).

EIGTH ORDER OF BUSINESS	Consideration of Resolution 2022-09, Additional Notice and Supermajority Votes

Mr. Eckert explained that this resolution is meant for the Board to provide additional notice to the hotel parcel owner in advance if anything were to happen that would negatively impact on the way they operate the facilities. It would also implement that for certain items, there would be an approval requirement of at least 4 Board Members. A rule hearing would also be scheduled for July 14th, 2022.

ON MOTION from Mr. Mays, and a Second by Mr. Breakstone, with all in favor, the Board approved Resolution 2022-09, Additional Notice and Supermajority Votes.

NINTH ORDER OF BUSINESS	Consideration of Mutual Termination of Paramount Agreement

Mr. Eckert stated that there will be a transition of the facilities manager that the District has an agreement with. The transition is expected to take place on June 21, 2022. Mr. Eckert requested that the Board give authorization to effectuate the termination of the agreement with Paramount.

ON MOTION from Mr. Mays, and a Second by Mr. Breakstone, with all in favor, the Board authorized the Mutual Termination of the Paramount Agreement.

TENTH ORDER OF BUSINESS	Authorization of Entering into New Amenity Management Agreement

Mr. Eckert stated that the Board has been working with the purchaser of the hotel parcel and the company they had proposed. They have also been working with the Bond Counsel to come up with a management agreement that is consistent with the community’s tax-exempt bonds. The term of the agreement would be just under 18 years. Authorization for the Chair or Vice Chair to be able to execute the agreement was requested.

ON MOTION from Mr. Breakstone, and a Second by Mr. Mays, with all in favor, the Board authorized the Chair and Vice Chair to execute the New Amenity Management Agreement.

ELEVENTH ORDER OF BUSINESS	Ratification  of  Proposal  for
Stormwater Needs Analysis

Ms. Gaarlandt noted that during the last meeting, the Board approved a not-to-exceed amount of $7,000. A proposal of $5,500 was received. Mr. Wilson confirmed that a completed report would be done by June 30, 2022.

ON MOTION from Mr. Mays, and a Second by Mr. Breakstone, with all in favor, the Board ratified the Proposal for the Stormwater Needs Analysis.

TWELFTH ORDER OF BUSINESS	Consideration	of	Public Facilities Report

ON MOTION from Mr. Breakstone, and a Second by Mr. Mays, with all in favor, the Board approved the Public Facilities Report.

THIRTEENTH ORDER OF BUSINESS	Ratification	of	Payment
Authorization Nos. 165-168

ON MOTION from Mr. Mays, and a Second by Mr. Breakstone, with all in favor, the Board ratified Payment Authorization Nos. 165-168.

FOURTEENTH ORDER OF BUSINESS	Review of District’s Financial
Position

The Board revied the District Financials. There was no action required by the Board.

FIFTEENTH ORDER OF BUSINESS	Staff Reports

District Counsel – Mr. Eckert requested authorization to terminate the funding agreements in regard to the fiscal years 2020-2021 and the 2021-2022.

ON MOTION from Mr. Mays, and a Second by Mr. Breakstone, with all in favor, the Board approved the termination of the 2020-2021 and the 2021-2022 funding agreements.

Mr. Eckert requested authorization to terminate the old bond financing agreements for the B bonds since all bonds have been paid off.

ON MOTION from Mr. Mays, and a Second by Mr. Breakstone, with all in favor, the Board approved the termination of the B bonds financing agreements.

Mr. Eckert requested authorization to terminate certain of the 2017 A bond financing agreements, which include the acquisition and completion agreement but excluding other agreements such as the collateral assignment agreement which cannot be terminated until all units are sold to users.

ON MOTION from Mr. Mays, and a Second by Mr. Breakstone, with all in favor, the Board approved the termination of certain of the 2017 A bond financing agreements.

Mr. Eckert requested authorization to have the Chair or Vice Chair consent to the assignment of a Longboard funding agreement and a revised deficit facilities funding agreement.

ON MOTION from Mr. Mays, and a Second by Mr. Breakstone, with all in favor, the Board authorized the Chair or Vice Chair to consent to the assignment of a Longboard funding agreement and a revised deficit facilities funding agreement.

Mr. Eckert requested authorization to enter into an advanced funding arrangement with the developer to fund what the District needs for the remainder of this fiscal year as well as to fund the first 3 months of the next fiscal year which includes October-December 2022 in lieu of the 2021-2022 budget funding agreement. Staff is currently working with Ms. Lane to determine the actual number needed, it will be a cash payment to the District.

ON MOTION from Mr. Mays, and a Second by Mr. Breakstone, with all in favor, the Board authorized entering into an advanced funding arrangement.

District Engineer – Not present.

District Manager – Ms. Gaarlandt reminded the Board the continued meeting is scheduled for June 21, 2022 at 3:00 p.m. The following meeting after that is scheduled for July 14, 2022 at 10:00 a.m.

Supervisor Requests and Audience Comments

There were no supervisor requests or public comments.

SIXTEENTH ORDER OF BUSINESS	Continuation

There were no additional comments. Ms. Gaarlandt requested a motion to continue the meeting.

ON MOTION by Mr. Mays, and a Second by Mr. Breakstone, with all in favor, the June 14, 2022 Board of Supervisors Meeting was continued to June 21, 2022 at 3:00 p.m.

Secretary / Assistant Secretary	Chairman / Vice Chairman

GROVE RESORT COMMUNITY DEVELOPMENT DISTRICT

CONTINUED/SPECIAL BOARD OF SUPERVISORS MEETING MINUTES

FIRST ORDER OF BUSINESS	Call to Order and Roll Call

The Board of Supervisors Meeting for the Grove Resort Community Development District was called to order on Tuesday, June 21, 2022 at 3:00 p.m. in the Executive Offices Board Room at 14501 Grove Resort Avenue, Winter Garden, Florida 34787.

Board Members listed below constituted a quorum. Board Members in attendance:

Kevin Mays Michael Osborn Phil Vargas

Also in attendance were:

Board Member Board Member Board Member

Jane Gaarlandt Michael Eckert Brianna Wilson Ginger Wald Nicholas Mayer Odyssey Leach William Green

PFM
Kutak Rock The Grove BCLM &R
AWH Partners Public
Public

(via phone) (via phone)

SECOND ORDER OF BUSINESS	Administrative Matters

This meeting was called to order by Ms. Gaarlandt at 3:07 p.m. and roll call was initiated. Quorum was established with the attendance of the board members listed above. Others in attendance or via speaker phone are listed above.

Public Comment Period

Mr. Eckert requested that the agenda be rearranged and items 3 and 4 moved to take place after item 6. He also stated that the document for item 5 was a placeholder while things were being negotiated.

THIRD ORDER OF BUSINESS	Consideration of Ratification of New Amenity Management Agreement

Mr. Eckert suggested an amended motion relative to the new amenity management agreement.

ON MOTION from Mr. Mays, and a Second by Mr. Vargas, with all in favor, the Board approved the New Amenity Management Agreement in substantial form with authority of the Vice Chair to approve any final changes and sign the final agreement.

FOURTH ORDER OF BUSINESS	Authorization to Staff, the Chair and Vice Chair to Take Actions Necessary to Facilitate the Transition of Amenity Managers

Mr. Eckert suggested a motion to approve authorization for Staff, the Chair and Vice Chair to take action and sign documents necessary or appropriate to facilitate the transition of amenity managers.

ON MOTION from Mr. Mays, and a Second by Mr. Vargas, with all in favor, the Board approved the authorization of the Staff, the Chair and Vice Chair to Take Actions Necessary or Appropriate to Facilitate the Transition of Amenity Managers.

FIFTH ORDER OF BUSINESS	Other Business

Consideration of Assignment of Leases and Rents for Provision of Food and Beverage Services

Mr. Eckert explained that the District has a lease that is required to serve food and beverage out in the amenity areas. The lease is being assigned to the new buyer of the hotel parcel and the lender of the buyer.

ON MOTION from Mr. Mays, and a Second by Mr. Vargas, with all in favor, the Board approved the Assignment of Leases and Rents for Provision of Food and Beverage Services to the buyer and the lender of the buyer.

SIXTH ORDER OF BUSINESS	Staff Reports District Counsel – No report
District Engineer– Not present

District Manager – Ms. Gaarlandt reminded the Board the next meeting is scheduled for July 14, 2022 at 10:00 a.m. and the following meeting will be August 16, 2022.

SEVENTH ORDER OF BUSINESS	Consideration of Transition of Board Seats
Seat 3 – Term Expires November 2024
Letter of Resignation from Joshua Breakstone
Nomination for Vacant Seat
Administration of the Oath of Office to Newly Elected Board Member
Seat 5 - Term Expires November 2022
Letter of Resignation from Michael Osborn (provided under separate cover)
Nomination for Vacant Seat
Administration of the Oath of Office to Newly Elected Board Member

Ms. Gaarlandt stated that she had received a resignation letter form Mr. Joshua Breakstone in Seat 3; the term expires in November 2024.

ON MOTION from Mr. Mays, and a Second by Mr. Vargas, with all in favor, the Board accepted the resignation letter from Mr. Joshua Breakstone.

Ms. Gaarlandt asked for nominations for Seat 3. Mr. Odyssey Leach was nominated for the vacant seat.

ON MOTION from Mr. Mays, and a Second by Mr. Vargas, with all in favor, the Board appointed Mr. Leach to Seat 3.

The Oath of Office was given to Mr. Leach.

Ms. Gaarlandt stated that she had just received a resignation letter form Mr. Osborn in who was Seat 5; the term expires in November 2022. In addition, Mr. Osborn verbally announced his resignation.

ON MOTION from Mr. Mays, and a Second by Mr. Vargas, with all in favor, the Board accepted the resignation letter from Mr. Osborn.

Ms. Gaarlandt asked for nominations for Seat 5. Mr. William Green was nominated for the vacant seat.

ON MOTION from Mr. Mays, and a Second by Mr. Vargas, with all in favor, the Board appointed Mr. Green to Seat 5.

The Oath of Office was given to Mr. Green.

Mr. Eckert stated to the new board members that they are entitled to $200 per meeting, up to $4,800 per year if they chose to accept the payment, but they may also decline. He also stated to the new members that this is a public board and board members are subject to many legal requirements like a county commissioner or city council member. He advised them about the Sunshine law. The Sunshine Law does not apply to staff; however, the law does include letters, verbal conversations, text messages, social media posts, etc. The new members are subject to the Public Records Law. It was recommended that the new members have an email specifically for board activities only. Mr. Eckert will provide the Rules of Procedure to the new Board members. The new members are also subject to the Code of Ethics concerning conflicts of interest.

EIGHTH ORDER OF BUSINESS	Consideration	of	Resolution 2022-10, Election of Officers

Mr. Eckert explained that anytime a seat is replaced, there will be an election of officers determining the role of each seat. It was proposed that Mr. Breakstone be Chairman, Mr. Mays be Vice Chairman, Mr. Vargas, Mr. Leach, and Mr. Green be Assistant Secretaries. Ms. Gaarlandt added that she is currently listed as Secretary and would like to list Ms. Jennifer Walden from PFM as another Assistant Secretary, Ms. Glasgow is the Treasurer, and changing the Assistant Treasurer to Ms. Amy Champagne.

ON MOTION by Mr. Mays, and a Second by Mr. Vargas, with all in favor, the Board approved Resolution 2022-10, Election of Officers as listed.

NINTH ORDER OF BUSINESS	Supervisor	Requests	and Audience Comments

There were no Supervisor Requests.

Ms. Wald thanked everyone for their help and expressed her gratitude.

TENTH ORDER OF BUSINESS	Adjournment

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

ON MOTION by Mr. Leach, and a Second by Mr. Green, with all in favor, the June 21, 2022 Continued/ Special Board of Supervisors Meeting was adjourned.

Secretary / Assistant Secretary	Chairman / Vice Chairman

Grove Resort Community Development District

Resolution 2022-10,
Setting a Regular Meeting Schedule for Fiscal Year 2022-2023

RESOLUTION 2022-10

A RESOLUTION OF THE GROVE RESORT COMMUNITY DEVELOPMENT DISTRICT DESIGNATING DATES, TIMES, AND LOCATIONS FOR REGULAR MEETINGS OF THE BOARD OF SUPERVISORS OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, the Grove Resort Community Development District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated within Orange County, Florida; and

WHEREAS, Board of Supervisors of the District (“Board”) is statutorily authorized to exercise the powers granted to the District; and

WHEREAS, all meetings of the Board shall be open to the public and governed by the provisions of Chapter 286, Florida Statutes; and

WHEREAS, the Board is statutorily required to file annually, with the local governing authority and the Florida Department of Economic Opportunity, a schedule of its regular meetings.

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

Regular meetings of the District’s Board shall be held as provided on the schedule attached hereto as Exhibit A.

In accordance with Section 189.015(1), Florida Statutes, the District’s Secretary is hereby directed to file annually a schedule of the District’s regular meetings.

This Resolution shall take effect immediately upon adoption.

Adopted this 14th day of July, 2022.

ATTEST:	GROVE RESORT
COMMUNITY DEVELOPMENT DISTRICT

Secretary	Chairperson

Exhibit A: Fiscal Year 2022-2023 Annual Meeting Schedule

BOARD OF SUPERVISORS MEETING DATES GROVE RESORT COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2022-2023

The Board of Supervisors of the Grove Resort Community Development District will hold their regular meetings for Fiscal Year 2022-2023 at 14501 Grove Resort Avenue, Winter Garden, FL at 10:00 a.m. unless otherwise indicated as follows:

October 11, 2022
November8, 2022
December 13, 2022
January 10, 2023
February 4, 2023
March 4, 2023
April 11, 2023
May 9, 2023
June 13, 2023
July 11, 2023
August 8, 2023
September 12, 2023

Grove Resort Community Development District

Resolution 2022-11, Adopting the Additional Notice and Supermajority Votes Requirements

RESOLUTION 2022-11

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE GROVE RESORT COMMUNITY DEVELOPMENT DISTRICT ADOPTING RULES REQUIRING ADDITIONAL NOTICE FOR CERTAIN ACTIONS BY THE BOARD OF SUPERVISORS AND FOR SUPERMAJORITY VOTES OF FOUR SUPERVISORS ON CERTAIN MATTERS; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, Grove Resort Community Development District (the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within Orange County, Florida; and

WHEREAS, the Board of Supervisors of the District (“Board”) desires to provide for additional notice to the hotel parcel owner in specific circumstances that could impact the hotel parcel owner’s conduct of its business activities within the District and to provide ample opportunity for the hotel parcel owner and other landowners within the District to provide input for the Board’s consideration; and

WHEREAS, the Board desires to accommodate the hotel parcel owner’s request and provide additional notice above what is required by law to the hotel parcel owner and any other property owner within the District who requests such additional notice; and

WHEREAS, the Board desires to require a super majority affirmative vote of four (4) supervisors for a vote on a revision, addition or deletion to the current rules and policies directly related to the user fees and rates, amenities fees and rates, amenities rules and amenities policies that involve the use of the District amenities, including, but not limited to the water parks, swimming pools, splash pads, pool decks, spas, restaurants and bars; and

WHEREAS, the Board desires to require a super majority affirmative vote of four (4) supervisors for any decisions made by the Board that relate to or have a material effect on the operations of the portion of the Hotel Project pertaining to Building 1, Building 2 and/or Building 3, including, but not limited to District Management Agreement for District facilities and Lease Agreement for Provision of Food and Beverage Services, as amended (but not including matters that solely relate to Parcel 4 including the Building 4 construction activities or the bond financing relating to Parcel 4); and

WHEREAS, the Board desires to require a super majority affirmative vote of four (4) supervisors for a vote on any revision, alteration, modification or repeal of the Adoption of the Additional Notice and Super Majority Rule herein; and

WHEREAS, on June 15, 2022, the Board published a Notice of Rule Development for the above-referenced matters; and

WHEREAS, on June 16, 2022, the Board published a Notice of Rule Making for the above- referenced matters; and

WHEREAS, on July 14, 2022, the Board held a public hearing on the above-referenced matters; and

WHEREAS, the Board finds that it is in the best interest of the District to adopt the Rules set forth in the attached Exhibit A.

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

SECTION 1. The Rules attached hereto as Exhibit A are hereby adopted.

SECTION 2. If any section or part of a section of this Resolution be declared invalid or unconstitutional, the validity, force, and effect of any other section or part of a section of this Resolution shall not thereby be affected or impaired unless it clearly appears that such other section or part of a section of this resolution is wholly or necessarily dependent upon the section or part of a section so held to be invalid or unconstitutional.

SECTION 3. The Board finds this Resolution is necessary for the conduct of District business. This Resolution shall become effective immediately upon adoption and any provisions of any previous resolutions in conflict with the provisions hereof are hereby superseded.

PASSED AND ADOPTED this 14th day of July, 2022.

ATTEST:	GROVE RESORT COMMUNITY
DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

EXHIBIT A

Additional Notice Rule
The District Manager is directed to (a) provide electronic mailed notice and USPS mailed notice to the hotel parcel owner of any revision, addition or deletion to the current rules and policies directly related to the user fees and rates, amenities fees and rates, amenities rules and amenities policies that involve the use of the District amenities, including, but not limited to the water parks, swimming pools, splash pads, pool decks, spas, restaurants and bars at least thirty
(30) days in advance of a vote to initiate rule-making proceedings or a vote on a policy change, and (b) if requested by hotel parcel owner, consult with hotel parcel owner regarding such rule or policy change during such thirty (30) day period. Such notice shall also be provided to any other property owner within the District upon request by such property owner. The District shall consider the input of the hotel parcel owner and any other public input in its decision to initiate rule making proceedings or effect a change in a policy described above.

Super Majority Vote Rule
A super majority affirmative vote of four (4) supervisors is hereafter required for any vote on a revision, addition or deletion to the current rules and policies directly related to the user fees and rates, amenities fees and rates, amenities rules and amenities policies that involve the use of the District amenities, including, but not limited to the water parks, swimming pools, splash pads, pool decks, spas, restaurants and bars.

A super majority affirmative vote of four (4) supervisors is hereafter required for any decisions made by the Board that relate to or have a material effect on the operations of the portion of the Hotel Project pertaining to Building 1, Building 2 and/or Building 3, including, but not limited to District Management Agreement for District facilities and Lease Agreement for Provision of Food and Beverage Services, as amended (but not including matters that solely relate to Parcel 4 including the Building 4 construction activities or the bond financing relating to Parcel 4).

A super majority affirmative vote of four (4) supervisors is hereafter required for any vote on any revision, alteration, modification or repeal of the adoption of either of the Additional Notice Rule or the Super Majority Rule herein.

Grove Resort Community Development District

Acceptance of the Stormwater Needs Analysis Report

Stormwater Management Projection Report June 29, 2022

Grove Resort Community Development District
14501 Grove Resort Avenue, Winter Garden, FL 34787

Prepared for:
The Grove Resort Community Development District

June 29, 2022	Mark E. Wilson, P.E.	
© Kimley-Horn and Associates, Inc. 2022		
CA 35106	FL P.E. # 47615	

TABLE OF CONTENTS
Introduction…………………………………………………………………………………………………..
Detailed Description of Stormwater System…………………………………………………………...
Number of Current and Projected Residents…………………………………………………………..

Table 1: Population Projections in 5-Year Increments…………………………………….

Stormwater Service Area…………………………………………………………………………………..
Current and Projected Costs of Providing Service…………………………………………………… Table 2: Current and Projected Costs of Providing Service Based on Fiscal Year…..
Estimated Remaining Useful Life………………………………………………………………………… Table 3: Major Replacement Schedule with Funding ………………………………………
Recent 5-Year Funding Status…………………………………………………………………………….

Table 4: Recent 5-Year Funding Status………………………………………………………

Plan to Fund Maintenance or Expansion………………………………………………………………..
Report Submittal and Documentation……………………………………………………………………
Engineer’s Certification…………………………………………………………………………………….

EXHIBITS
Exhibit 1. Aerial Location Map……………………………………………………………………………. Exhibit 2. Stormwater Facilities and Service Area Map………………………………………………. Exhibit 3. Legal Description………………………………………………………………………………..

Introduction
Florida Statutes (F.S.) section 403.9302 - Stormwater Management Projections asks for a needs analysis for each county, municipality, or special district providing a stormwater management system by June 30, 2022, and every five years after. This report for Grove Resort Community Development District meets the requirements listed in 403.9302 F.S. and satisfies the 2022 requirement.
The Grove Resort is in Orange County, Florida, in the South Florida Water Management District. The Grove Resort Community Development District (CDD or the District) is comprised of 105.69+/- acres located in Orange County, Florida as depicted on the Aerial Location Map (see Exhibit 1). The District is located at the western terminus of Grove Blossom Way, which intersects with County Road 545 (Avalon Road) approximately 0.79 miles north of West Irlo Bronson Memorial Highway. The Grove Resort is located within the boundaries of the District (as shown on the Aerial Map) and includes a mix of resort hotel and recreational uses.
For the general purpose of the design and permitting congruity, the District was broken down into 5 different parcels designed alphanumerically (Parcels B, C1, C2, C3, and 15+/- acres for residential and water park, 35+/- acres is for conservation or natural areas, 5+/- acres is for contractor parking, 2+/- acres is for utilities and stormwater management, and 48+/- acres is for open space.

Detailed Description of Stormwater System
This section provides a detailed description of the stormwater management system and its facilities. The stormwater management system consists of wet detention ponds, all of which were developed to capture and treat runoff from the District within the project area and contains control structures that regulate the volume of water detained along with wet detention ponds.
The Grove Resort is located within Flood Zone X and abuts Flood Zone AE (base flood elevation of 113.3). The Districts Federal Emergency Management Agency (FEMA) Flood Insurance Rate Map (FIRM) Panel Number FIRM Panel is 12095C0560F, effective September 25th, 2009.
The District’s stormwater management system consists of 4 wet detention ponds, inlets, pipes, swales, berms, under drain systems and overflow structures. A system of inlets, pipes, swales, and berms convey the runoff into retention ponds throughout the District. The retention ponds treat and attenuate the runoff to required standards prior to discharging to offsite properties and conveyance systems. The stormwater runoff is designed to flow from the developed areas and roads and into the ponds via drainage structures and pipes. The primary form of treatment will be wet detention pursuant to accepted design criteria. The pond control structures consist of weirs for attenuation and bleed down orifices sized to recover the treatment volume.
The stormwater system is designed such that post-development flow will simulate the pre-development surface flows from the site. All areas within the District currently drain into Austin Lake and the surrounding wetlands. Ponds have been designed to provide attenuation of the 25- year, 24-hour storm events and have capacity to treat and attenuate runoff from the District in accordance with the design criteria set forth by Orange County and South Florida Water Management District (SFWMD). Orange County mandates when a detention facility is used for both water quality and flood control, the water quality retention volume (e.g., volume for infiltration and wet pond volume) shall be provided in addition to the volume designated for flood storage. SFWMD requires the wet detention ponds to provide volume for the first inch of runoff from the developed project, or the total runoff of 2.5 inches times the percentage of imperviousness, whichever is greater. All stormwater ponds are currently operational and are owned, operated, and maintained by the District. The maintenance program includes but is not limited to, routine mowing of facilities, removing debris from facilities, routine ditch clearing, sediment removal within the stormwater system, and street sweeping.

Number of Current and Project Residents
The number of current and projected residents served is required to be calculated in 5-year increments for a 20-year period. The Grove Resort CDD’s jurisdiction is limited and cannot be expanded without a public hearing along with approvals from Orange County. The District is a resort, so the population is limited based upon the units available. In 2022, only Phase 1 will be constructed with 878 units. By the year 2027 Phase 2 of the Grove Resort will be completed, which adds an additional 160 units. Over the remaining 15 years there will not be an increase in units so the population will remain the same.

Table 1: Population Projections in 5-Year Increments

POPULATION PROJECTIONS IN 5-YEAR INCREMENTS	
June 2022	June 2027	June 2032	June 2037	June 2042	
878 Units	1038 Units	1038 Units	1038 Units	1038 Units	

Stormwater Service Area
The Grove Resort CDD service area and projected service area for the stormwater management system is shown on Exhibit 2. A legal description that is broken down by parcel within the District is displayed on Exhibit 3. The District has currently developed Phase 1. Phase 2 is now under construction, which is an additional 160 units within a new proposed building.
Current and Projected Costs of Providing Service
Table 2 displays the current and projected cost of providing services to the District in 5-year increments. The estimate increases 10% with each 5-year increment.
Table 2: Current and Projected Costs of Providing Service Based on Fiscal Year

CURRENT AND PROJECTED COSTS OF PROVIDING SERVICE BASED ON FISCAL YEAR	
2022*	2027	2032	2037	2042	
$120,000	$132,000	$145,200	$159,700	$175,700	
*The current costs for 2022 have not been verified with the District Manager.
Estimated Remaining Useful Life
The estimated remaining useful life of each facility in or its major components is 20 years. Operation

inspections should be conducted annually to assure that the stormwater management system functions as designed. Spot inspections following rainstorm events of ½” or greater may also be periodically warranted.

Replacement of parts and repairs are to be provided as needed to the stormwater system. The replacement
of inlets and control outfall structures along with any major replacements or expenses are not anticipated within the next 20 years. When the wet detention ponds are maintained they have an unlimited service life. Stormwater conveyance systems constructed of corrugated metal, reinforced concrete, or plastic, have an average lifespan between 50 to 100 years while detention ponds have an average lifespan between 20 to 30 years.
Table 3: Major Replacement Schedule with Funding
MAJOR REPLACEMENT SCHEDULE WITH FUNDING	
	Current (2022)	2023-2032	2033-2037	2038-2042	
Project Name	N/A	N/A	N/A	N/A	

Recent 5-Year Funding Status
Throughout the past 5-years of yearly contributions, the District has provided for all expenditures. Annual assessments of the District’s property tax authority allow for funding for each unit in the District. Reserve funds have yet to be fully established but are planned to be developed within the next five years. Capital needs such as maintenance of facilities, expansion of facilities, and other major components will be sufficiently funded.

 Table 4: Major Replacement Schedule with Funding

RECENT 5-YEAR FUNDING STATUS	
Year	Anticipated Expenditures	Budget Funds Available	Reserves Fund Balance	Other	
2022*	$120,000	CDD Property Assessments	TBD Annually	N/A	
2023	$122,400	CDD Property Assessments	TBD Annually	N/A	
2024	$124,850	CDD Property Assessments	TBD Annually	N/A	
2025	$127,350	CDD Property Assessments	TBD Annually	N/A	
2026	$129,900	CDD Property Assessments	TBD Annually	N/A	
*Current funding for 2022 has not been verified with the District Manager and a 2% annual increase was assumed.

Plan to Fund Maintenance or Expansion
Any projected funding gaps are not to be expected based on the Districts funding implementation.

Report Submittal and Documentation
This Stormwater Management Projection Report will be submitted to Orange County, as stated in F.S. 403.9302. Orange County is required to compose all analyses submitted to the County and compile a document to submit to the state with a separate analysis by July 31st, 2022. Attached are exhibits with illustrations and supported data.

Engineer’s Certification
This is to certify that this is a true and correct copy of the enclosed report for the Grove Resort Community Development District. This item has been digitally signed and sealed by Mark E. Wilson on the date adjacent to the seal. Printed copies of this document are not considered signed and sealed and the signature must be verified on any electronic copies.

Mark E. Wilson, P.E. #47615
Kimley-Horn and Associates, Inc.
109 South Kentucky Avenue Lakeland, Florida 33801 Ca 00000696

Date: 	

LAKE OLIVER

PROPOSED 1 60 UNITS

CDD BOUNDARY

LAKE GIFFORD

LAKE AUSTIN

HARTZOG ROAD

GROVE BLOSSOM WAY

Legend
CDD Boundary

0

I

250	500

Feet

AERIAL LOCATION MAP
THE GROVE RESORT

JUNE 2022

KHA JOB No 046334000
© 2022 Kimley-Horn and Associates, Inc.
109 South Kentucky Avenue, Lakeland, FL 33801 Phone: 863 701 8702

E-1

LAKE OLIVER

PROPOSED 1 60 UNITS

CDD BOUNDARY

LAKE GIFFORD

LAKE AUSTIN

HARTZOG ROAD

GROVE BLOSSOM WAY

Legend
CDD Stormwater Ponds CDD Boundary

0

I

250	500

Feet

STORMWATER MANAGEMENT FACILITIES	THE GROVE RESORT
AND SERVICE AREA MAP	JUNE 2022

KHA JOB No 046334000
© 2022 Kimley-Horn and Associates, Inc.
109 South Kentucky Avenue, Lakeland, FL 33801 Phone: 863 701 8702

E-2

Exhibit 3

Exhibit A
Legal Description of District Boundaries
LEGAL  DESCRIPTION;
PARCEL B

COMlolENCE AT THE SOUTHWEST CORNER Of THE SOUTHEAST 1/4 Of THE SOUTHWEST 1/4 Of SECJlON 30, TOWNSHIP 24 SOUTH, RANGE 27 EAST, ORANGE COUNTY, FLORIDA; THENCE RUN SOUTH 00'08'55" WEST, A DISTANCE Of 694,21 F'EET TO THE POINT Of BEGINNING; THENCE RUN NORTH 89'22'16" EAST, A DISTANCE Of 1,887.47 FEET; THENCE RUN SOUTH 07'38'00" EAST, A DISTANCE OF 298,67 FEET; THENCE RUN NORTH 82'2.2'00" EAST, A DISTANCE Of 322,06 FEET TO A POINT ON A NON TANGENT CURVE CONCAVE WESTERLY, HAVING A RADIUS OF 1,090,92 fEET, CENTRAL ANGLE Of' 14'19'58", CHORD BEARING Of' SOUTH 01'33'56" WEST AND A CHORD DISTANCE Of' 272,19 FEET; THENCE RUN SOUTHERLY ALONG THE ARC Of SAID CURVE A DISTANCE OF 272.90 rm	; THENCE RUN SOUTH 49"30'44" WEST, A DISTANCE OF 38,23 rm; THENCE RUN SOUTH 89'38'09" WEST, A DISTANCE OF 332.16 FEET; THENCE RUN NORTH 48'08'21" WEST, A DISTANCE OF 65,82 FEET; THENCE
RUN HORTH 15'33'41" WEST, A DISTANCE OF 24.60 FEET; THENCE RUN NORTH 46"52'10" WEST, A DISTANCE OF 44,13 FEET; THENCE RUN NORTH 56'34'47" WEST, A DISTANCE OF 25.03 FEET; THENCE RUN NORTH 57'45'029 WEST, A DISTANCE OF 48.47 FEET; THENCE RUN NORTH 78'43'59" WEST, A DISTANCE Of 39.28 FEET; THENCE RUN SOUTH 71"30'23" WEST, A DISTANCE Of 38.87 f'EET; THENCE RUN SOUTH 80"46'!3" WEST, A DISTANCE: Of 56.00 rm;	THENCE: RUN SOUTH 78'36'52" WE:ST, A DISTANCE: OF 42.31 FE:ET; THENCE: RUN SOUTH 77'17'19" WEST, A DISTANCE Of 55.71 FEET; THENCE RUN SOUTH 65'45'34" WEST, A DISTANCE Of 42.34 FEET; THENCE RUN SOUTH 60'41'06" WE:ST, A DISTANCE OF 36,6! FEET; THENCE RUN SOUTH 00'21'51" EAST, A DISTANCE OF 14.97 FEET; THEN E RUN SOUTH 89'38'1l8 WEST, A DISTANCE or 38,20
FEET; THENCE RUN SOUTH 81"55'29" WEST, A DISTANCE OF 11.46 FEET; THENCE RUN SOUTH 62'24'46" WEST, A DISTANCE Of 13.02 FEET;
THENCE RUN SOUTH 00'21'5I" EAST, A. DISTANCE OF 23.25 FEIT; THENCE RUN SOUTH 89'38'09" WEST, A DISTANCE OF' 25.86 FEET; THENCE RUN SOUTH" 00'21'51•. EAST; A ·o,slANCE OF i8:oo rm: THENCE"RUN NORTH 89'J8;09" EAST, f DISTANCE OF"2ii:ea ..FEET: THENCE RUN SOUTH 00'21'51" EAST , A DISTANCE OF 7.00 FEETi THENCE RUN SOUTH 89'J8'09• WEST, A DISTANCE OF 2-4.75 FEET; THENCE RUN SOUTH
89'37'57" WEST, A DISTANCE OF 1,346.84 FEET; THENCE RUN NORTH 00'08'558 EAST, A DISTANCE OF 543.57 FEET TO THE POINT or BEGINNING.

CONTAINING 24.98 ACRES, MORE OR LESS. TOGETHER WITH THE fOllOWING DESCRIBED LANDS:
PARCEt Cl
COMMENCE AT THE SOUTHWEST CORNER Of THE SOUTHEAST 1/4 Of THE SOUTHWEST 1/1,. Of SECJlON 30, TOWNSHIP 24 SOUTH, RANGE 27 EAST, ORANGE COUNTY, FLORIDA; THENCE RUN SOUTH OO'D8'55" WEST, A DISTANCE OF' 159,75 rm;	THENCE RUN NORTH 89'22'16" EAST, A DISTANCE Of 308,57 rm	TO THE POINT BEGINNING, SAID POINT BEING A POINT ON A NON TANGENT CURVE CONCAVE WESTERLY, HAVING A RADIUS OF 110.00 rm,	A CENTRAL ANGU: OF 139'54'5B", A CHORD BEARING OF NORTH AND A CHORD DISTANCE OF 206.6B FEET: THENCE RUN NORTHERLY ALONG THE ARC Of SAID CURVE, A DISTANCE or 268.62 FEET; THENCE RUN NORTH, A DISTANCE Of 66.83 FEET; THENCE UN EAST, A DISTANCE OF 25.89 FEET; THENCE RUN NORTH, A DISTANCE 13,80 FE£T; THENCE RUN NOR™ 45'00'00" EAST, A DISTANCE or ,4.5,41 FEET; THENCE RUN NORTH 89'22'169 EAST, A DISTANCE or IH.79 FEET; THENCE RUN NORTH 45'00'00. EAST, A DISTANCE Of 106.54 FEET; THENCE RUN NORTH 89'22'16" EAST, A DISTANCE OF 1,520.39 FEET: THENCE RUN SOUTH 07'38'00" EAST, A DISTANCE Of 303.12 FEET; THENCE RUN SOUTH 82'22'00" WEST, A DISTANCE OF 322.74 FEET; THENCE RUN SOUTH 07'38'00" EAST, A DISTANCE OF 188.09 FEET; THENCE RUN SOUTH 89'22'16" WEST, A DISTANCE OF 1,445;83 FEET; THENCE RUN NORTH 45'00'00• WEST, A DISTANCE OF 73.75 FEET; THENCE RUN NORTH, A DISTANCE Of 13.80 FEET; THENCE RUN WEST, A DISTANCE or 2S.89 FEET; THENCE RUN NORTH, A DISTANCE OF 66.83 FEET TO THE POINT or BEGINNING.
CONTAINING 19,66 ACRES, MORE OR LESS,
AND TOGETHER WITH THE FOllOWING DESCRIBED LANDS:

PARCEL C2

COMMENCE AT THE SOUTHWEST CORNER or THE SOUTHEAST 1/4 OF THE SOUTHWEST 1/4 OF SECTION 30, TOWNSHIP 24 SOUTH, RANGE 27 EAST, ORANGE COUNTY, FLORIDA; THENCE RUN SOUTH 00'08'55" WEST, A DISTANCE OF 57.81 FEET TO THE POINT Of BEGINNING; THENCE RUN NORTH 89'22'16" EAST, A DISTANCE Of 380,61 fEtT TO A POINT ON A NON TANGENT CURVE CONCAVE NORTHWESTERLY, HAVING A RADIUS Of
110.00 FEET, A CENTRAL ANGLE OF 69'38'26", A CHORD BEARING Of SOUTH 35'08'15" WEST AND A CHORD DISTANCE Of 125.62 fEtT;
THENCE RUN SOUTHWESTERLY ALONG THE ARC or SAID CURVE, A DISTANCE OF 133.70 FEET : THENCE RUN SOUTH, A DISTANCE OF 66.83 FEET; THENCE RUN EAST, A DISTANCE Of 25,89 FEET: THENCE RUN SOUTH, A DISTANCE 13,80 fEET; THENCE RUN SOUTH 45'00'00" EAST, A
DISTANCE OF 73.75 FEET; THENCE RUN NORTH 89'22'1s• EAST, A DISTANCE OF 1,445.83 FEET; THENCE RUN SOUTH 07"38'00" EAST, A DISTANCE Of 403,79 FEET; THENCE RUH SOUTH 89'22'16" WEST, A DISTANCE Of 1,887,47 FEET; THENCE RUN NORTH 00'08'55" EAST, A DISTANCE Of 636.40 FEET TO THE POINT OF BEGINNING,
CONTAINING 18.98 ACRE:S, MORE Oil LESS.
AND TOGETHER WITH THE FOLLOWING DESCRIBED LANDS:

7

L,£GAL  DESCRIPTION; PARCEL Cl
BEGIN AT THE SOUTHWEST CORNER OF THE SOUTttEAST 1/4 OF THE SOUTHWEST 1/4 OF SECTION 30, TOWNSHIP 24 SOUTH, RANGE 27 EAST,
ORANGE: COUNTY, FLORIDA; THENCE RUN NORTH 00'33'18" EAST, A DISTANCE OF 608.62 f'EE:T; THENCE RUN NORTH 89'22't6• EAST, A DISTANCE OF 2,037.66 rm TO A POINT ON A NON TANGENT CURVE CONCAVE EASTERLY, HAVING A RADIUS Of' 2,919.79 FEET, A CENTRAL ANGLE OF
03'58'2.2.", A CHORD BEARING OF SOUTH 05'35'50" EAST, ANO A CHORD DISTANCE OF 202.+1 FEET; THENCE RUH SOUTHERLY ALONG THE ARC OF SAID CURVE, A DISTANCE OF 202.-45 FEET TO A POINT OF TANGENCY; THENCE RUN SOUTH 07'38'00" EAST, A DISTANCE Of 174.65 FEET;
THENCE RUN SOUTH 89'22'16" WEST, A DISTANCE Of 1,520.39 fEET; THENCE RUN SOUTH 45'00'00• WEST, A DISTANCE OF 108,54 FEET; THENCE RUN SOUTH 89'22'16" WEST, A DISTANCE or 124.79 FEET; TttENCE RUN SOUTH 45•00'00• WEST, A DISTANCE OF -45.'1 FEET; THENCE RUN SOUTH, A DISTANCE OF 13.80 FEET; THENCE RUN wm, A DISTANCE OF 25.89 FEET; THENCE RUN SOUTH, A DISTANCE OF 66.83 FEET TO
A POINT ON A. NON TANGENT CURVE CONCAVE SOUTHWESTERLY, HAVING A RADIUS OF I ID.OD FEET, A CENTRAL ANGLE OF 70'16'31", A CHORD BEARING OF SOUTH 34'49'1-C-" EAST AND A CHORD DISTANCE or 126.62 FEET; THENCE RUN SOUTHEASTERLY ALONG THE ARC OF SAID CURVE, A
DISTANCE Of 134,92 FEET ; THENCE RUN SOUTH 89'22'16" WEST, A DISTANCE Of 380.61 FEET; THENCE RUN NORTH 00'08'55" EAST, A DISTANCE Of' 57.81 rm TO THE POINT Of' BEGINNING,
CONTAINING 20.31 ACRES, MORE OR LESS.
AHO TOGETHER WITH THE FOLlOWING DESCRIBED LANDS:
.PARCEL D. - . --'· • -·-··	- .  ·····--·-.·-	--   ,· ;..- ..
COMMENCE AT THE SOUTHWEST CORNER OF THE SOUTHEAST 1/4 OF THE SOUTHWEST 1/4 Of SECTION 30, TOWNSHIP 24 SOUlll, RANGE 27 EAST, ORANGE COUNTY, FLORIDA: THENCE RUH NORTH 00'33'18" EAST, A DISTANCE OF 608.62 FEET TO THE POINT Of' BEGINNING; THENCE
CONTINUE HORTH 00"33'18" EAST, A DISTANCE OF 713.80 FEET TO THE NORTHWEST CORNER Of THE SOUTHEAST 1/4- OF THE SOUTHWEST 1/4 OF SAID SECTION 30; THENCE RUH NORTH 89"25'22" EAST, A DISTANCE OF 1,329.50 FEET TO THE NORTHEAST CORNER or THE SOUTHEAST 1/4
OF THE SOUTHWEST 1/4 Of' SAID SECTION 30; THENCE RUN SOUTH 00'34'1,.9" WEST, A DISTANCE OF 712.61 FEET; THENCE RUN SOUTH 89'22'16" WEST, A DISTANCE OF 1,329.21 rm TO THE POINT Of BEGINNING.
CONTAINING 21.76 ACRES, MORE OR LESS. TOTAL AREA: 105,69 ACRES, MORE OR LESS.

8

Grove Resort Community Development District

Series 2022 Bond Requisition No. 9

GROVE RESORT COMMUNITY DEVELOPMENT DISTRICT

(Acquisition and Construction Fund Requisition)

The undersigned, a Responsible Officer of the Grove Resort Community Development District (the "District") hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture between the District and U.S. Bank National Association, as trustee (the "Trustee"), dated as of April 1, 2017, as supplemented by that certain Third Supplemental Trust Indenture dated as of February 1, 2022 (collectively, the "Indenture") (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture);

Requisition Number: 9

Name of Payee: Southern Development & Construction

Amount Payable: $212,935.57

Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments):

Pay Application #7 for Project 2144 (Grove Resort & Spa Ph. II) Through 06/25/2022

The undersigned hereby certifies that:

obligations in the stated amount set forth above have been incurred by the District;

each disbursement set forth above is a proper charge against the Series 2022 Acquisition and Construction Account;

each disbursement set forth above was incurred in connection with the acquisition and/or construction of the Series 2022 Project;

GR – Req. S2022-009: Southern Development & Construction	June 24, 2022	Page 1 of 2

each disbursement represents a Cost of the Series 2022 Project which has not previously been paid; and

the costs set forth in the requisition are reasonable.

The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.
Copies of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested or other similar evidence of proof of payment is on file with the District.

GROVE RESORT COMMUNITY DEVELOPMENT DISTRICT

By: Responsible Officer

Date:	

The undersigned Consulting Engineer hereby certifies that this disbursement is for the Cost of the Series 2022 Project and is consistent with the report of the Consulting Engineer, as such report shall have been amended or modified.

Consulting Engineer

GR - Req. S2022-009: Southern Development & Construction	June 24, 2022	Page 2 of 2

Application and Certificate For Payment	Page 1

To Owner:

From (Contractor):	BTI Partners LLC
14501 Grove Reso
#3102
Orlando, FL 34787
Southern Developme Construction, Inc. 2544 Connection
Oviedo, FL 32765	
rt Ave

nt &

Point	Project:

Contractor Job Number:
Via (Architect):	Grove Resort & Spa Ph. II 15695 Grove Resort Ave Winter Garden, FL 34787

2144	Application No:
Period To:
Architect's Project No:
Contract Date:	7
06/25/22

02/02/22	Date:	06/20/2022	
Phone:	407 977-9898	Contract For:	

Contractor's Application For Payment

Change Order Summary		Additions	Deductions	
Change orders approved in previous months by owner	
	Date			
Number	Approved			
Change				
orders				
approved				
this month				
Totals	

Net change by change orders	

The undersigned Contractor certifies that to the best of the Contractor's knowledge, Information, and belief the work covered by this Application for Payment has been completed in accordance with the Contract Documents, that all amounts have been paid by the Contractor for work for which previous Certificates for Payment were issued and payments received from the Owner, and that current payment shown herein Is now due.

Arrfifi!•sCertificate for Payment
In accordance with the Contract Documents, based on on-site observations and the

Original contract sum

Net change by change orders Contract sum to date
Total completed and stored to date Retainage
5.0% of completed work 0.0% of stored material Total retainage
Total earned less retainage
Less previous certificates of payment
0.000% of taxable amount

rrent payment due

Balance toIfinish, including. retainage

1,701,653.00
0.00
1,701,653.00
995,218.02

49,760.90
0.00
49,760.90
945,457.12
732,521.55

0.00

0.00

212,935.571
756,195.88

data comprising the above application the Architect certifies to the Owner that to the best of the Architect's knowledge, information and belief the Work has progressed as indicated, the quality of the Work is in accordance with the Contract Documents, and the Contractor is entitled to payment of the Amount Certified.
AmountCertified:  $ 2\2.1'l-;'5,Blo

By-: - -		Date: V (i:v/2()'v"'2--
This Certification is not negotiable. The Amount Certified is payable only to the Contractor named herein. Issuance, payment, and acceptance of payment are without prejudice to any rights of the Owner or Contractor under this Contract.

RECEIVED
By Amanda Lane at 3:22 pm, Jun 22, 2022

Application and Certificate For Payment -- page 2
To Owner:	BTI Partners LLC	Application No:	7	Date: 06/20/22	Period To: 06/25/22
From (Contractor):	Southern Development &	Contractor's Job Number:	2144	
Project:	Grove Resort & Spa Ph. II	Architect's Project No:		

Work Completed	Work Completed	Completed and Stored To Date Previous Application		This Period
Item	Unit	Contract	Scheduled						
Number

oo GENERAL	Description	Price	Quantity	UM	Value	Quantity	Amount	Quantity	Amount	Quantity	Amount	%	Retention	Memo	
0105	Mobllization	19,000.0000	1.000	LS	19,000.00	85 00 ¾	16,15000	000%	0.00	85.00 %	16.150.00	85.0	807.50		
0110	Certified As-Suills	16,500.0000	1.000	LS	16,500.00	0.00%	0.00	0.00%	0.00	0.00%	0.00	0.0	0.00		
0120	Geotechnical Testing Silework	16,000.0000	1.000	LS	16,000.00	40.00%	6,400.00	10.00%	1,600.00	50.00 %	8,000.00	50.0	400.00		
0125	Construclion Enlrance	6,800.0000	1.000	EA	6,800.00	.900	6,120 00	.000	0.00	.900	6,120.00	90.0	306.00		
0130	Construction Layout-Silework	32,000 0000	1 000	LS	32,000.00	40.00 %	12,800.00	10.00%	3,200.00	50.00 %	16,000.00	50.0	600.00		
0135	SWPPP Maintenance	15,000.0000	1 000	LS	15,000.00	40.00 %	6,000.00	10.00 °/o	1,500.00	50.00 %	7,500.00	50.0	375.00		
0140	Construct SIil Fence	3,0000	2,014.000	LF	6,042.00	2,014.000	6,042.00	000	0.00	2,014,000	6,042.00	100.0	302.10		
0150	Demolition	53,750.0000	1 000	LS	53,750.00	100.00 %	53,750.00	0.00%	0.00	100.00 %	53,750.00	100.0	2,687.50		

Total GENERAL	
165,092.00	
107,262.00	
6,300.00	
113,562 00	
5,678 10	

02 EARTHWORK / GRADING COD	

0230	
Inlet Prolec!ion	
325.0000	20.000 EA	
6,500 00	.000	
0.00	10.000	
3.250.00	
10.000	
3,250.00	
50.0	
162.50	
0235	Clearing Slripplng and Grubbi	11,300.0000	3.410 AC	38,533.00	3410	38,533.00	.000	0.00	3.410	38,533.00	100.0	1,926.65	
0250	Site Earthwork (cut/fill)	187,282.0000	1.000 LS	187,282 00	90.00%	168,553 80	5.00%	9,364.10	95.00 %	177,917.90	95.0	8,695 90	
Total EARTHWORK/ GRADING CDD	232,315.00	207,086.80	12,614.10	219,700.90	10,985.05	

EARTHWORK/ GRADING DEV,
0290	Building Pads	0.5000	27,893.000 SF	13,946.50	27,893.000	13,946.50	.000	0.00	27,893.000	13,946.50  100.0	697.33
Total EARTHWORK/ GRADING DEV.	13,946.50	13,946.50	0,00	13,946.50	697 33
STORM COD

0420	15 HDPE 0-6	55.0000	340.000 LF	18,700.00	240.000	13,200.00	100.000	5,500.00	340.000	18,700.00	100.0	935.00	
0430	18 HDPE 0-6	56.0000	48.000 LF	2,688.00	48.000	2,688.00	.ooo	0.00	48.000	2.688.00	100.0	134.40	
0440	18 HDPE 6-8	65.0000	198.000 LF	12,870.00	198.000	12,870.00	.000	0.00	198.000	12,870.00	100.0	643.50	
0450	18 HDPE 8-10	66.0000	347.000 LF	22,902 00	347.000	22,902 00	.000	0.00	347 000	22.902 00	100.0	1,145.10	
0460	24 HDPE 8-10	100.0000	421.000 LF	42,100.00	421.000	42,100.00	.000	0.00	421.000	42,100.00	100.0	2,105.00	
0470	30 HOPE 8-10	135.0000	250.000 LF	33,750.00	250.000	33,750.00	.000	0.00	250.000	33,750.00	100.0	1,687.50	
0480	36 HDPE 8-10	215.0000	18.000 LF	3,870.00	18.000	3,870.00	000	0.00	18.000	3,870.00	100.0	193 50	
0490	Type C Inlet	4,800.0000	12.000 EA	57,600.00	12.000	57,600.00	.000	0 00	12.000	57,600.00	100.0	2,880 00	
0500	Type E Inlet	7,200.0000	2.000 EA	14,400.00	2.000	14,400.00	.000	0.00	2.000	14,400.00	100.0	720.00	
0510	12 Nyloplasl drain	900.0000	6.000 EA	5,400.00	3.000	2,700.00	3.000	2,700.00	6.000	5,400.00	100.0	270.00	
0520	Manhole	7,600.0000	1.000 EA	7,600 00	1.000	7,600.00	.000	0.00	1.000	7,600.00	100.0	380.00	
0530	Core Drill & Connect to Exlsll	4,400.0000	2.000 EA	8,800.00	2.000	8,800.00	.000	0.00	2.000	8,800.00	100.0	440.00	
0532	24 Nytoplast drain	3,300.0000	5.000 EA	16,500.00	.000	0.00	5.000	16,500.00	5.000	16,500.00	100.0	825 00	

Application and Certificate For Payment -- page 3
To Owner:	BTI Partners LLC	Application No:	7	Date: 06/20/22	Period To: 06/25/22
From (Contractor): Southern Development &	Contractor's Job Number:	2144
Project:	Grove Resort & Spa Ph. II	Architect's Project No:

	Work Completed	Work Completed		Completed and Stored To Date	
	Previous Application	This Period			
Unit	Contract	Scheduled	 		 			 		

Item
Number	Description	Price	Quantity	UM	Value	Quantity	Amount	Quantity	Amount	Quantity	Amount	%	Retention	Merna
0534	18 CL 111 RCP	130.0000	30.000 LF	3,900 00	30.000	3.900.00	.000	0.00	30.000	3,900 00  100.0	195,00

Total STORM CDD	251,080.00	226,380.00	24,700.00	251,080.00	12,554.00

06 STROM DEV.

0550	10 PVC Roof Drain	45.0000	80.000 LF'	3,600.00	60.000	2,700.00	20.000	900.00	80.000	3,600 00	100.0	180.00	
0560	B PVC Roar Drain	50.0000	340.000 LF	17,000.00	.000	0.00	340.000	17,000.00	340.000	17,000.00	100.0	850.00	
0570	6 PVC Roof Drain	45 0000	1.000 LF	45.00	.ODO	0.00	1,000	45.00	1.000	45.00	100.0	2.25	
0580	Roof Drain Clcenout	700.0000	6.000 EA	4,200.00	.000	0.00	6.000	4,200.00	6.000	4,200.00	100.0	210.00	
0562	ROOF DRAIN CONNECTION	1,200.0000	6.000 EA	7,200.00	.000	0.00	.000	0.00	.000	0,00	0,0	0.00	

Total STROM DEV.	32,045.00	2,700.00	22,145.00	24,845.00	1.242.25	

09 PAVEMENT	

0910	
2 Type SP-9.5 Asphalt	
16.0000	
12,100.000 SY	
193,600.00	
.000	
0.00	
.000	
0,00	
.000	
0.00	
0.0	
0.00	
0915	8 Crushed Concrete Base	24.5000	12,100.000 SY	296,450.00	.000	0.00	.000	0,00	.000	0.00	0,0	0.00	
0920	
12 Slabllizod Subgrade	3.5000	12,100.000 SY	42,350.00	.000	0.00	.coo	0.00	.000	0.00	0.0	0 00	
0925	Type D Curb	14.2500	5,410.000 LF	77,092.50	.000	0.00	.000	0 00	.000	0.00	0.0	o.oo	
0945	Pavement Mar1<lngs / Slgnage	11,000.0000	1.000 LS	11.000.00	0.00%	0,00	0.00%	0.00	0.00 %	0,00	0.0	0,00	

Total PAVEMENT	
620,492.50	
0.00	
0.00	
0.00	
0.00	

16 WATER SYSTEM	

1610	
10 PVC Water Main	
68.0000	
724.000 LF	
49,232.00	
500.000	
34,000.00	
224.000	
15.232,00	
724.000	
49,232.00	
100.0	
2,461.60	
1615	1O Gate Valve	4,000.0000	2.000 EA	8,000.00	2.000	6,000.00	,000	0,00	2.000	8,000.00	100,0	400,00	
1620	Test and Chlorlnale Water Syst	13,000.0000	1.000 LS	13,000.00	0.00 %	0.00	100.00 %	13,000.00	100.00 %	13,000.00	100.0	650.00	
1625	6 Fire Line	48.0000	1,160.000 LF	55,680.00	1,000.000	48,000.00	160.000	7,680.00	1,160.000	55.680.00	1000	2,784.00	
1630	Fire Hydrant	7,000,0000	2.000 EA	14,000.00	.000	0,00	2.000	14,000.00	2.000	14,000.00	100.0	700.00	
1635	8 Gate Valve	2,900.0000	2.000 EA	5,800 00	2.000	5,600.00	.000	0.00	2.000	5,600.00	100.0	290.00	
1640	FDC	3,500.0000	1.000 EA	3,500.00	.000	0.00	1.000	3,500.00	1 000	3,500.00	100.0	175.00	
1645	1 Waler Service	10.0000	137 000 LF	1,370.00	.000	0.00	137.000	1,370.00	137.000	1,370.00	100.0	68.50	
1650	3/4 W.JltJr SFJrivo wllt1hose bl	10.0000	154.000 LF	1,540.00	.000	0,00	154.000	1,540.00	154.000	1,540.00	100.0	77.00	
1652	CONNECT TO EXISTING STUS	6,400.0000	1.000 EA	6,400.00	,000	o.oo	1.000	6,400.00	1,000	6,400.00	100,0	320.00	
1654	2 JUMPER ASSEMBLY	2,700.0000	1.000 EA	2,700.00	.000	0.00	1 000	2,700.00	1.000	2,700.00	100 0	135,00	
1656	10 BACKFLOW PREVENTER (DDCV)	38,000.0000	1.000 EA	38,000.00	.000	0.00	.750	28,500.00	.750	28,500.00	75.0	1,425.00	
1658	6 BACKFLOW PREVENTER (DDCV)	14,000.0000	1.000 EA	14,000,00	.000	0.00	.750	10,500.00	750	10,500.00	75.0	525.00	
1660	2 1/2 BACKFLOW PREVENTER (DDC	6,400.0000	1 000 EA	6,400.00	.000	0.00	.750	4,800.00	.750	4,800.00	75 0	240.00	

Application and Certificate For Payment -- page 4
To Owner:	BTI Partners LLC	Application No:	7

Date: 06/20/22

Period To: 06/25/22

From (Contractor): Southern Development &
Project:	Grove Resort & Spa Ph. II

Contractor's Job Number: Architect's Project No:

2144

 	 
Work Completed	Work Completed	Completed and Stored To Date
Previous Application	This Period
Item	Unit	Contract	Scheduled				
Number	Description	Price	Quantity	UM	Value	Quantity	Amount	Quantity	Amount	Quantity	Amount	%	Retention	Memo

1662	2 1/2 PVC WATER LINE	12 0000	30.000 LF	360 00	.000	0 00	30.000	360,00	30.000	360.00	100,0	18.00	
1664	6 IN-BUILDING RISER	3,200.0000	2.000 EA	6,400.00	.000	0.00	2.000	6.40000	2.000	6,400.00	100.0	320.00	
1666	8 C-900 DR-18 PVC	80.0000	48.000 LF	3,840.00	46.000	3,840.00	,000	0.00	48,000	3,840.00	100.0	192.00	

Totnl WATER SYSTEM	
230,222 00	
99,640.00	
115,982,00	
215,622.00	
10,781.10	

22 SANITARY SEWER CDD	

2210	
8 PVC Sanilary 0-6	
60.0000	
961,000 LF	
57!660.00	
961.000	
57,660.02	
.000	
000	
961.000	
57,660.02	
100.0	
2,883.00	
2215	Sanitary Manhole 0	7,100.0000	6.000 EA	42,600.00	4,704	33,400.00	1.296	9,201.60	6.000	42,601.60	100.0	2,130.08	
2220	Sanitary Cleanaut	800.0000	5.000 EA	4,000.00	5.000	4.000.00	.ODO	0.00	5.000	4.000,00	100.0	200.00	

Total SANITARY SEWER CDD	
104,260.00	
95,060 02	
9,201.60	
104,261.62	
5.213.08	

23 SANITARY SEWER DEV.	

2225	
6 PVC Laleral (pool)	
50.0000	
97.000 LF	
4,850.00	
,000	
0.00	
97.000	
4.850.00	
97.000	
4.850.00	
100.0	
242.50	
2235	6 PVC laleral	50,0000	387.000 LF	19,350,00	.ODO	0,00	387.000	19,350.00	387.000	19,350.00	100.0	967.50	
2240	1 250 Gallon Grease lntorcepto	10,000.0000	1.000 EA	10,000.00	1.000	10,000,00	.000	0,00	1.000	10,000.00	100,0	500.00	
2245	750 Gallon Grease Interceptor	9,000.0000	1.000 EA	9,000.00	1.000	9,000 00	.000	0.00	1.000	9,000 00	100.0	450.00	
2250	Oil/Water Separator (mln. size	9,000,0000	1.000 EA	9,000.00	.ooo	0.00	1.000	9,000.00	1.000	9,000.00	100.0	449.99	

Total SANITARY SEWER DEV.	
52,200.00	
19,000.00	
33,200.00	
52,200.00	
2,609.99	

Application Total	1,701,653.00	771,075.32	224,142.70	995,218.02	49,760.90

Grove Resort Community Development District

Payment Authorization Nos. 169-171

GROVE RESORT
COMMUNITY	DEVELOPMENT	DISTRICT

Payment Authorizations No. 169

	6/10/2022		
	Item No.	Payee	Invoice Number	General Fund		
	
1	
Florida Municipal Insurance Trust				
		Fourth Installment Billing of Insurance - 21/22 Fund Year	INV-36183-Z2D5	$41,805.75		
	2	Kutak Rock				
		General Counsel Through 05/31/2022	3064683	$  7,366.00		
	3	PFM Group Consulting				
		April Billable Expenses	120064	$	68.97		
		May Billable Expenses	120265	$	68.97		
		DM Fee: June 2022	DM-06-2022-20	$  2,083.33		
		April Reimbursables	OE-EXP-05-022	$	0.53		
			
TOTAL	
$ 51,393.55		

Secretary I Assistant Secretary

GROVE RESORT
COMMUNITY	DEVELOPMENT	DISTRICT

V I· U

Chairperso

Payment Authorizations No. 170

6/17/2022		
Item No.	Payee	Invoice Number	General Fund		

1	
Kimley-Horn and Associates				
	Engineering Service Through 05/31/2022	21707262	$  1,422.56		
2	PFM Group Consulting
Series 2017AB and 2022 Quarterly Dissemination	
120346	
$  2,500.00		
3	West Orange Times				
	Legal Advertising on 06/09/2022	22-01959W	$	36.05	
		
TOTAL	
$  3,958.61	

Secretary I Assistant Secretary

Chairperson

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. 171	
7/1/2022

Item	Payee	Invoice	General	
No.		Number		Fund	

1	
PFM Group Consulting				
	May Reimbursables	OE-EXP-06-0018	$	22.46	
2	Supervisor Fees - 06/21/2022 Meeting				
	William Green	--	$	200.00	
		
TOTAL	
$	
222.46	

Secretary / Assistant Secretary

Grove Resort CDD
c/o PFM Group Consulting LLC

3501 Quadrangle Boulevard, Ste. 270
Orlando, FL 32817
LaneA@pfm.com // (407) 723-5925

Grove Resort Community Development District

District’s Financial Position

Grove Resort CDD
Statement of Financial Position As of 6/30/2022

General Fund		Debt Service Fund	Debt Service Fund - B		Capital Projects Fund		Capital Projects Fund -
B		General Long Term Debt		
Total	

Current Assets
General Checking Account Assessments Receivable Assessments Receivable
Debt Service Reserve - Series 2017A Debt Service Reserve - Series 2022A Revenue - Series 2017A
Interest - Series 2017A Prepayment A1 Bond
Capitalized Interest - Series 2022A Principal - Series 2017A Acquisition/Construction - Series 2022A
Total Current Assets	

$37,007.51 16,396.26

$53,403.77	
Assets

$103,578.87 947,437.50
157,837.50
575,383.04
0.18
20,712.38
50,972.68
0.21

$1,855,922.36	

$0.00		

$1,380,390.20

$1,380,390.20		

$0.00		

$0.00		

$37,007.51 16,396.26
103,578.87
947,437.50
157,837.50
575,383.04
0.18
20,712.38
50,972.68
0.21
1,380,390.20

$3,289,716.33	

Investments
Amount Available in Debt Service Funds Amount To Be Provided
Total Investments	

$0.00	

$0.00	

$0.00		

$0.00		

$0.00		

$1,752,343.49 13,527,656.51

$15,280,000.00		

$1,752,343.49 13,527,656.51

$15,280,000.00	
Total Assets	$53,403.77	$1,855,922.36	$0.00		$1,380,390.20		$0.00		$15,280,000.00		$18,569,716.33	

Grove Resort CDD
Statement of Financial Position As of 6/30/2022

General Fund

Capital Projects Fund -

Debt Service	Debt Service		Capital Projects	
Fund		Fund - B		Fund	

Liabilities and Net Assets	

$103,578.87					
				$49,760.90	
$103,578.87		$0.00		$49,760.90	
$0.00		$0.00		$0.00	
$103,578.87		$0.00		$49,760.90	

$1,617,400.86					
134,942.63					
				$20,432.29	
				1,310,197.01	
$1,752,343.49		$0.00		$1,330,629.30	
					
$1,855,922.36		$0.00		$1,380,390.20	

General Long Term Debt		Total	

$0.00		

$16,396.26 103,578.87
49,760.90
$169,736.03	

$15,280,000.00
$15,280,000.00		
$15,280,000.00
$15,280,000.00	
$15,280,000.00		$15,449,736.03	

$0.00		

$10,082.02 104,423.56
(77,498.07)

1,617,400.86
134,942.63

20,432.29
1,310,197.01

$3,119,980.30	
			
$15,280,000.00		$18,569,716.33	

B

Current Liabilities Deferred Revenue Deferred Revenue Retainage Payable
Total Current Liabilities

Long Term Liabilities
Revenue Bonds Payable - Long-Term Total Long Term Liabilities

Total Liabilities

Net Assets
Net Assets, Unrestricted
Net Assets - General Government
Current Year Net Assets - General Government

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Total Net Assets

Total Liabilities and Net Assets

$16,396.26

$16,396.26

$0.00

$16,396.26

$10,082.02 104,423.56
(77,498.07)

$37,007.51

$53,403.77

 		
$0.00

 		
$0.00

$0.00

 		
$0.00

$0.00

 	 		  	 	

Grove Resort CDD Statement of Activities As of 6/30/2022

Debt Service	Debt Service	Capital Projects	
Fund	Fund - B	Fund	

Capital
General Fund	Projects Fund -
B

General Long Term Debt

Total

Revenues								
On-Roll Assessments	$133,578.55						$133,578.55	
Developer Contributions	975.79						975.79	
Other Income & Other Financing Sources	66,558.20						66,558.20	
On-Roll Assessments		$843,860.39					843,860.39	
Inter-Fund Group Transfers In		20,438.10					20,438.10	
Debt Proceeds		251,423.97					251,423.97	
Inter-Fund Group Transfers In			$262,142.35				262,142.35	
Inter-Fund Transfers In				($20,438.10)			(20,438.10)	
Debt Proceeds				2,528,576.03			2,528,576.03	
Inter-Fund Transfers In					($262,142.35)		(262,142.35)	
Total Revenues	

$201,112.54	

$1,115,722.46	$262,142.35	

$2,508,137.93	

($262,142.35)	$0.00	

$3,824,972.93	
Expenses								
Trustee Services	$6,735.28						$6,735.28	
Management	18,749.97						18,749.97	
Engineering	11,061.45						11,061.45	
Dissemination Agent	6,250.00						6,250.00	
Property Appraiser	1,301.38						1,301.38	
District Counsel	46,103.77						46,103.77	
Assessment Administration	12,500.00						12,500.00	
Audit	10,000.00						10,000.00	
Travel and Per Diem	471.93						471.93	
Postage & Shipping	104.24						104.24	
Legal Advertising	906.05						906.05	
Office Supplies	125.00						125.00	
Property Taxes	76.29						76.29	
Web Site Maintenance	1,430.00						1,430.00	
Dues, Licenses, and Fees	175.00						175.00	
General Liability Insurance	5,411.00						5,411.00	
Property & Casualty	157,384.00						157,384.00	
Principal Payments - Series 2017A		$215,000.00					215,000.00	
Interest Payments - Series 2017A		723,562.50					723,562.50	
Interest Payments - Series 2022A		19,235.96					19,235.96	
Other Debt Service Costs		23,431.75					23,431.75	

Grove Resort CDD Statement of Activities As of 6/30/2022

General Fund

Debt Service Fund

Debt Service Fund - B

Capital Projects Fund

Capital Projects Fund - B

General Long	Total Term Debt

Miscellaneous					$826.11								826.11	
Principal Payments - Series 2017B					7,125,000.00								7,125,000.00	
Interest Payments - Series 2017B					213,750.00								213,750.00	
Trustee Services							$5,850.00						5,850.00	
Management							11,000.00						11,000.00	
District Counsel							117,791.82						117,791.82	
Trustee Counsel							6,250.00						6,250.00	
Bond Counsel							35,000.00						35,000.00	
Assessment Administration							25,500.00						25,500.00	
Contingency							996,968.02						996,968.02	
Miscellaneous									$2.82				2.82	
Total Expenses	$278,785.36		$981,230.21		$7,339,576.11		$1,198,359.84		$2.82		$0.00		$9,797,954.34	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$174.75												$174.75	
Interest Income			$450.38										450.38	
Interest Income					$27,990.30								27,990.30	
Interest Income							$418.92						418.92	
Interest Income									$1.33				1.33	
Total Other Revenues (Expenses) & Gains (Losses)	$174.75		$450.38		$27,990.30		$418.92		$1.33		$0.00		$29,035.68	

Change In Net Assets	
($77,498.07)		
$134,942.63		
($7,049,443.46)		
$1,310,197.01		
($262,143.84)		
$0.00		
($5,943,945.73)	

Net Assets At Beginning Of Year	
$114,505.58		
$1,617,400.86		
$7,049,443.46		
$20,432.29		
$262,143.84		
$0.00		
$9,063,926.03	

Net Assets At End Of Year	

$37,007.51		

$1,752,343.49		

$0.00		

$1,330,629.30		

$0.00		

$0.00		

$3,119,980.30	

Grove Resort CDD	
Budg	et to Actual									
For the Month Ending 6/30/2022	
Year To Date	
	
Actual	
Budget		
Variance	FY 2022
Adopted Budget	

Revenues										
On-Roll Assessments	$	133,578.55	$	112,355.10		$	21,223.45	$	149,806.80	
Developer Contributions	975.79			731.88		243.91			975.79	
Carryforward Revenue	77,774.23			37,187.37		40,586.86			49,583.20	
Other Income & Other Financing Sources	66,558.20			103,401.36		(36,843.16)			137,868.50	
Developer Contributions - Deficit Funding/Longboard	-			958,320.00		(958,320.00)	1,277,760.00	
Net Revenues	$	278,886.77	$ 1,211,995.71		$  (933,108.94)	
$ 1,615,994.29	
General & Administrative Expenses										
Trustee Services	$	6,735.28		$	7,499.97		$	(764.69)	$	10,000.00	
Management	18,749.97			18,749.97		-			25,000.00	
Engineering	11,061.45			3,750.03		7,311.42			5,000.00	
Dissemination Agent	6,250.00			7,499.97		(1,249.97)			10,000.00	
Property Appraiser	1,301.38			749.97		551.41			1,000.00	
District Counsel	46,103.77			45,000.00		1,103.77			60,000.00	
Assessment Administration	12,500.00			15,000.03		(2,500.03)			20,000.00	
Reamortization Schedules	-			562.50		(562.50)			750.00	
Audit	10,000.00			7,499.97		2,500.03			10,000.00	
Travel and Per Diem	471.93			375.03		96.90			500.00	
Telephone	-			375.03		(375.03)			500.00	
Postage & Shipping	104.24			225.00		(120.76)			300.00	
Copies	-			749.97		(749.97)			1,000.00	
Legal Advertising	906.05			2,999.97		(2,093.92)			4,000.00	
Miscellaneous	-			9,938.25		(9,938.25)			13,250.89	
Office Supplies	125.00			187.47		(62.47)			250.00	
Property Taxes	76.29			1,050.03		(973.74)			1,400.00	
Web Site Maintenance	1,430.00			2,025.00		(595.00)			2,700.00	
Dues, Licenses, and Fees	175.00			131.22		43.78			175.00	
General Liability Insurance	5,411.00			4,731.30		679.70			6,308.40	
Property & Casualty	157,384.00			124,650.00		32,734.00			166,200.00	
Deficit Funding/Longboard	-			958,320.00		(958,320.00)	1,277,760.00	
Total General & Administrative Expenses	$	278,785.36	$ 1,212,070.68		$  (933,285.32)	
$ 1,616,094.29	

Total Expenses	
 $	278,785.36 	
 $ 1,212,070.68 		
 $  (933,285.32)	
 $ 1,616,094.29 	
Income (Loss) from Operations	$	101.41	$	(74.97)		$	176.38		$	(100.00)	
Other Income (Expense)										
Interest Income	$	174.75	$	74.97		$	99.78	$	100.00	
Total Other Income (Expense)	$	174.75	
$	74.97		$	99.78	
$	100.00	
Net Income (Loss)	$	276.16	
$	-		$	276.16		$	-	

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