Meadow View at Twin Creek Community Development District

Adopted Budget
FY 2018
September 29, 2017

Meadow View at Twin Creek
Community Development District
GENERAL FUND BUDGET

TABLE OF CONTENTS

GENERAL FUND BUDGET

Summary                        Revenues                        and Expenditures	Page 1

Narrative              –              Administrative               and Maintenance	Page 2-4

Debt Service Fund
Series 2016 A1 - A2 Budget	Page 5
Series 2016 A1 - A2 Amortization Schedule	Page 6-9
Series 2016 B Budget	Page 10
Series 2016 B Amortization Schedule	Page 11-12

Meadow View at Twin Creek	General Fund Community Development District

	Adopted
Budget	Actual
YTD Thru	Total
Projected	Adopted
Budget	
Description	FY 2017	7/31/17	FY 17	FY 2018	

Revenues					
Developer Contributions	$103,375	$60,494	$104,490	$402,012	
Maintenance Assessments - Phase 1	$0	$0	$0	$0	
Total Revenues	$103,375	$60,494	$104,490	$402,012	

Expenditures					
Administrative					
Engineering	$12,000	$10,438	$12,000	$12,000	
Attorney	$30,000	$7,465	$15,000	$30,000	
Annual Audit	$2,500	$2,315	$2,315	$4,000	
Arbitrage	$0	$0	$1,200	$1,200	
Dissemination Agent	$0	$0	$3,500	$5,000	
Trustee Fee	$0	$0	$10,000	$10,000	
Management Fees	$45,000	$37,500	$45,000	$45,000	
Information Technology	$2,000	$1,667	$2,000	$2,000	
Telephone	$250	$121	$250	$250	
Postage	$1,000	$36	$150	$1,000	
Insurance	$5,250	$5,100	$5,100	$5,250	
Printing & Binding	$1,200	$2,206	$4,000	$4,000	
Legal Advertising	$3,000	$1,160	$3,000	$3,000	
Other Current Charges	$500	$280	$500	$500	
Office Supplies	$500	$148	$300	$500	
Dues, Licenses & Subscriptions	$175	$175	$175	$175	
Administrative Expenditures	$103,375	$68,611	$104,490	$123,875	

Grounds Maintenance					
Hydrology Quality/Mitigation	$0	$0	$0	$6,400	
Landscape Maintenance	$0	$0	$0	$100,000	
Landscape Contingency	$0	$0	$0	$30,000	
Lake Maintenance	$0	$0	$0	$12,000	
Grounds Maintenance	$0	$0	$0	$12,000	
Pump Repairs	$0	$0	$0	$2,500	
Streetlight Repairs	$0	$0	$0	$5,000	
Irrigation Repairs	$0	$0	$0	$7,500	
Miscellaneous	$0	$1,698	$0	$5,000	
Contingency	$0	$0	$0	$97,737	
Grounds Maintenance Expenditures	$0	$1,698	$0	$278,137	
					
TOTAL EXPENDITURES	$103,375	$70,309	$104,490	$402,012	
					
Excess Revenues/ Expenditures	$0	-$9,815	$0	$0	

Meadow View at Twin Creek
Community Development District
GENERAL FUND BUDGET

REVENUES:

Developer Contributions/ Assessments

The District will enter into a Funding Agreement with the Developer to Fund the General Fund expenditures the Fiscal Year.

EXPENDITURES:

Administrative:

Engineering

The District will contract with an engineering firm to provide general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices, etc.

Attorney

The District will contract for legal counsel to provide general legal services to the District, e.g. attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc.

Annual Audit

The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The District will contract with a licensed CPA firm to prepare the annual audit.

Management Fees

The District will contract for Management, Accounting and Administrative services as part of a Management Agreement with management company.

Information Technology

The cost related to District’s accounting and information systems, District website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements.

Meadow View at Twin Creek
Community Development District
GENERAL FUND BUDGET

Dissemination Fees

The Annual Disclosure Report prepared by Prager & Co, LLC required by the Security and Exchange Commission in order to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Arbitrage

The District is required to annually have an arbitrage rebate calculation on the District’s Series 2016 A-1/A-2 Special Assessment Bonds. The District will contract with an independent certified public accounting firm to calculate the rebate liability and submit a report to the District.

Trustee Fees

The District’s Series 2016 A-1/A-2 Special Assessment Bonds are held by a Trustee with US Bank. The amount represents the fee for the administration of the District’s bond issue.

Telephone

The cost of telephone and fax machine service.

Postage

The cost of mailing agenda packages, overnight deliveries, correspondence, and payments for the District.

Insurance

Represents the estimated cost for public officials and general liability insurance for the District.

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, and etc. in a newspaper of general circulation.

Other Current Charges

Bank charges and any other miscellaneous expenses incurred during the year.

Meadow View at Twin Creek
Community Development District
GENERAL FUND BUDGET

Office Supplies

Miscellaneous office supplies.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Economic Opportunity for $175. This is the only expense under this category for the District.

Grounds Maintenance

Initial Estimates for Landscaping.

Meadow View at Twin Creek	Debt Service Fund Community Development District		Series 2016 A1 - A2

	Proposed
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
 Description			FY 2017	7/31/17	2 Months	9/30/17	FY 2018	
Revenues							
Carry Forward Surplus		$0	$0	$0	$0	$328,247	
Special Assessments 2016-A1		$0	$0	$0	$0	$443,376	
Special Assessments 2016-A2		$0	$0	$0	$0	$381,610	
Interest Income		$0	$719	$81	$800	$600	
Bond Proceeds		$899,225	$899,225	$0	$899,225	$0	
    TOTAL REVENUES			$899,225	$899,944	$81	$900,025	$1,153,833	

Expenditures							
Series 2016 A1 Interest - 11/01		
$0	
$0	
$0	
$0	
$171,375	
Interest - 05/01		$169,471	$169,471	$0	$169,471	$171,375	
Principal - 05/01		$0	$0	$0	$0	$100,000	
Series 2016 A2 Interest - 11/01		
$0	
$0	
$0	
$0	
$156,310	
Interest - 05/01		$154,573	$154,573	$0	$154,573	$156,310	
Principal - 05/01		$0	$0	$0	$0	$70,000	

    TOTAL EXPENDITURES		$324,044	$169,471	$0	$324,044	$825,370

EXCESS REVENUES	$575,181	$730,473	$81	$575,981	$328,463

November 1, 2018 - Series 2016A-1	$169,125	
November 1, 2018 - Series 2016A-2	 	$154,280 	
Total	 	$323,405 	

Oct 31, 2016 8:15 am Prepared by DBC Finance	(Finance 7 012 Twin Creeks:TCREEK) Page 11
BOND DEBT SERVICE
:MEADOW VIEW AT TWIN CREEKS COMMUNTTY DEVELOP:MENT DISTRlCT
Special Assessment Bonds, Series 2016Al (Ph 1) St Johns County, Florida
Bank Qualified, Tax Exempt [Phase 1 - 302 Units]

Bond Balance	Total Bond Value	
6,640,000	6,640,000	
6,640,000	6,640,000	
6,640,000	6,640,000	
6,540,000	6,540,000	
6,540,000	6,540,000	
6,435,000	6,435,000	
6,435,000	6,435,000	
6,325,000	6,325,000	
6,325,000	6,325,000	
6,210,000	6,210,000	
6,210,000	6,210,000	
6,090,000	6,090,000	
6,090,000	6,090,000	
5,965,000	5,965,000	
5,965,000	5,965,000	
5,835,000	5,835,000	
5,835,000	5,835,000	
5,695,000	5,695,000	
5,695,000	5,695,000	
5,550,000	5,550,000	
5,550,000	5,550,000	
5,400,000	5,400,000	
5,400,000	5,400,000	
5,240,000	5,240,000	
5,240,000	5,240,000	
5,075,000	5,075,000	
5,075,000	5,075,000	
4,900,000	4,900,000	
4,900,000	4,900,000	
4,715,000	4,715,000	
4,715,000	4,715,000	
4,520,000	4,520,000	
4,520,000	4,520,000	
4,315,000	4,315,000	
4,315,000	4,315,000	
4,100,000	4,100,000	
4,100,000	4,100,000	
3,875,000	3,875,000	
3,875,000	3,875,000	
3,640,000	3,640,000	
3,640,000	3,640,000	
3,390,000	3,390,000	
3,390,000	3,390,000	
3,130,000	3,130,000	
3,130,000	3,130,000	
2,855,000	2,855,000	
2,855,000	2,855,000	
2,565,000	2,565,000	
2,565,000	2,565,000	
2,255,000	2,255,000	
2,255,000	2,255,000	
1,930,000	1,930,000	

Period	Annual
Ending	Principal	Coupon	Interest	Debt Service	Debt Service

11/03/2016
05/01/2017	169,470.83	169,470.83
11/01/2017	171,375.00	171,375.00	340,845.83
05/01/2018	100,000	4.500%	171,375.00	271,375.00
11/01/2018	169,125.00	169,125.00	440,500.00
05/01/2019	105,000	4.500%	169,125.00	274,125.00
11/01/2019	166,762.50	166,762.50	440,887.50
05/01/2020	110,000	4.500%	166,762.50	276,762.50
11/01/2020	164,287.50	164,287.50	441,050.00
05/01/2021	115,000	4.500%	164,287.50	279,287.50
11/01/2021	161,700.00	161,700.00	440,987.50
05/01/2022	120,000	4.500%	161,700.00	281,700.00
11/01/2022	159,000.00	159,000.00	440,700.00
05/01/2023	125,000	4.500%	159,000.00	284,000.00
11/01/2023	156,187.50	156,187.50	440,187.50
05/01/2024	130,000	4.500%	156,187.50	286,187.50
11/01/2024	153,262.50	153,262.50	439,450.00
05/01/2025	140,000	4.500%	153,262.50	293,262.50
11/01/2025	150,112.50	150,112.50	443,375.00
05/01/2026	145,000	4.500%	150,112.50	295,112.50
11/01/2026	146,850.00	146,850.00	441,962.50
05/01/2027	150,000	4.500%	146,850.00	296,850.00
11/01/2027	143,475.00	143,475.00	440,325.00
05/01/2028	160,000	5.000%	143,475.00	303,475.00
11/01/2028	139,475.00	139,475.00	442,950.00
05/01/2029	165,000	5.000%	139,475.00	304,475.00
11/01/2029	135,350.00	135,350.00	439,825.00
05/01/2030	175,000	5.000%	135,350.00	310,350.00
11/01/2030	130,975.00	130,975.00	441,325.00
05/01/2031	185,000	5.000%	130,975.00	315,975.00
11/01/2031	126,350.00	126,350.00	442,325.00
05/01/2032	195,000	5.000%	126,350.00	321,350.00
11/01/2032	121,475.00	121,475.00	442,825.00
05/01/2033	205,000	5.000%	121,475.00	326,475.00
11/01/2033	116,350.00	116,350.00	442,825.00
05/01/2034	215,000	5.000%	116,350.00	331,350.00
11/01/2034	110,975.00	110,975.00	442,325.00
05/01/2035	225,000	5.000%	110,975.00	335,975.00
11/01/2035	105,350.00	105,350.00	441,325.00
05/01/2036	235,000	5.000%	105,350.00	340,350.00
11/01/2036	99,475.00	99,475.00	439,825.00
05/01/2037	250,000	5.000%	99,475.00	349,475.00
11/01/2037	93,225.00	93,225.00	442,700.00
05/01/2038	260,000	5.500%	93,225.00	353,225.00
11/01/2038	86,075.00	86,075.00	439,300.00
05/01/2039	275,000	5.500%	86,075.00	361,075.00
11/01/2039	78,512.50	78,512.50	439,587.50
05/01/2040	290,000	5.500%	78,512.50	368,512.50
11/01/2040	70,537.50	70,537.50	439,050.00
05/01/2041	310,000	5.500%	70,537.50	380,537.50
11/01/2041	62,012.50	62,012.50	442,550.00
05/01/2042	325,000	5.500%	62,012.50	387,012.50

6,640,000

6,936,020.83	13,576,020.83	13,576,020.83

Oct 31, 2016 8: 15 am Prepared by DEC Finance

(Finance 7.012 Twin Creeks:TCREEK) Page 12

BOND DEBT SERVICE
MEADOW VIEW AT TWIN CREEKS COMMUNJTY DEVELOPMENT DISTRICT
Special Assessment Bonds, Series 2016Al (Ph 1) St Johns County, Florida
Bank Qualified, Tax Exempt [Phase l - 302 Units]
Period	Annual	Bond	Total

Ending	Principal	Coupon	Interest	Debt Service	Debt Service	Balance	Bond Value
11/01/2042	53,075.00	53,075.00	440,087.50	1,930,000	1,930,000
05/01/2043	345,000	5.500%	53,075.00	398,075.00	1,585,000	1,585,000
11/01/2043	43,587.50	43,587.50	441,662.50	1,585,000	1,585,000
05/01/2044	365,000	5.500%	43,587.50	408,587.50	1,220,000	1,220,000
11/01/2044	33,550.00	33,550.00	442,137.50	1,220,000	1,220,000
05/01/2045	385,000	5.500%	33,550.00	418,550.00	835,000	835,000
11/01/2045	22,962.50	22,962.50	441,512.50	835,000	835,000
05/01/2046	405,000	5.500%	22,962.50	427,962.50	430,000	430,000
11/01/2046	11,825.00	11,825.00	439,787.50	430,000	430,000
05/01/2047	430,000	5.500%	11,825.00	441,825.00
11/01/2047	441,825.00

Oct 31, 2016 8:15 am Prepared by DBC Finance	(Finance 7.012 Twin Creeks:TCREEK) Page 13
BOND DEBT SERVICE
MEADOW VIEW AT TWIN CREEKS COMMUN1TY DEVELOPMENT DISTRICT
Special Assessment Bonds, Series 2016A2 (Ph 1)

Ending	Principal	Coupon	
11/03/2016
05/01/2017
11/01/2017
05/01/2018	70,000	

5.800%	
11/01/2018		
05/01/2019	75,000	5.800%	
11/01/2019		
05/01/2020	75,000	5.800%	
11/01/2020		
05/01/2021	80,000	5.800%	
11/01/2021		
05/01/2022	85,000	5.800%	
11/01/2022		
05/01/2023	90,000	5.800%	
11/01/2023		
05/01/2024	95,000	5.800%	
11/01/2024		
05/01/2025	105,000	5.800%	
11/01/2025		
05/01/2026	110,000	5.800%	
11/01/2026		
05/01/2027	115,000	5.800%	
11/01/2027		
05/01/2028	120,000	5.800%	
11/01/2028		
05/01/2029	130,000	5.800%	
11/01/2029		
05/01/2030	135,000	5.800%	
11/01/2030		
05/01/2031	145,000	5.800%	
11/01/2031		
05/01/2032	155,000	5.800%	
11/01/2032		
05/01/2033	165,000	5.800%	
11/01/2033		
05/01/2034	175,000	5.800%	
11/01/2034		
05/01/2035	185,000	5.800%	
11/01/2035		
05/01/2036	195,000	5.800%	
11/01/2036		
05/01/2037	205,000	5.800%	
11/01/2037		
05/01/2038	220,000	5.800%	
11/01/2038		
05/01/2039	230,000	5.800%	
11/01/2039		
05/01/2040	245,000	5.800%	
11/01/2040		
05/01/2041	260,000	5.800%	
11/01/2041		
05/01/2042	275,000	5.800%	
11/01/2042		
05/01/2043	290,000	5.800%	

Bond Balance	Total Bond Value	
5,390,000	5,390,000	
5,390,000	5,390,000	
5,390,000	5,390,000	
5,320,000	5,320,000	
5,320,000	5,320,000	
5,245,000	5,245,000	
5,245,000	5,245,000	
5,170,000	5,170,000	
5,170,000	5,170,000	
5,090,000	5,090,000	
5,090,000	5,090,000	
5,005,000	5,005,000	
5,005,000	5,005,000	
4,915,000	4,915,000	
4,915,000	4,915,000	
4,820,000	4,820,000	
4,820,000	4,820,000	
4,715,000	4,715,000	
4,715,000	4,715,000	
4,605,000	4,605,000	
4,605,000	4,605,000	
4,490,000	4,490,000	
4,490,000	4,490,000	
4,370,000	4,370,000	
4,370,000	4,370,000	
4,240,000	4,240,000	
4,240,000	4,240,000	
4,105,000	4,105,000	
4,105,000	4,105,000	
3,960,000	3,960,000	
3,960,000	3,960,000	
3,805,000	3,805,000	
3,805,000	3,805,000	
3,640,000	3,640,000	
3,640,000	3,640,000	
3,465,000	3,465,000	
3,465,000	3,465,000	
3,280,000	3,280,000	
3,280,000	3,280,000	
3,085,000	3,085,000	
3,085,000	3,085,000	
2,880,000	2,880,000	
2,880,000	2,880,000	
2,660,000	2,660,000	
2,660,000	2,660,000	
2,430,000	2,430,000	
2,430,000	2,430,000	
2,185,000	2,185,000	
2,185,000	2,185,000	
1,925,000	1,925,000	
1,925,000	1,925,000	
1,650,000	1,650,000	
1,650,000	1,650,000	
1,360,000	1,360,000	
1,360,000	1,360,000	

Period	Annual
Interest	Debt Service	Debt Service

154,573.22	154,573.22
156,310.00	156,310.00	310,883.22
156,310.00	226,310.00
154,280.00	154,280.00	380,590.00
154,280.00	229,280.00
152,105.00	152,105.00	381,385.00
152,105.00	227,105.00
149,930.00	149,930.00	377,035.00
149,930.00	229,930.00
147,610.00-	147,610.00	377,540.00
147,610.00	232,610.00
145,145.00	145,145.00	377,755.00
145,145.00	235,145.00
142,535.00	142,535.00	377,680.00
142,535.00	237,535.00
139,780.00	139,780.00	377,315.00
139,780.00	244,780.00
136,735.00	136,735.00	381,515.00
136,735.00	246,735.00
133,545.00	133,545.00	380,280.00
133,545.00	248,545.00
130,210.00	130,210.00	378,755.00
130,210.00	250,210.00
126,730.00	126,730.00	376,940.00
126,730.00	256,730.00
122,960.00	122,960.00	379,690.00
122,960.00	257,960.00
119,045.00	119,045.00	377,005.00
119,045.00	264,045.00
114,840.00	114,840.00	378,885.00
114,840.00	269,840.00
110,345.00	110,345.00	380,185.00
110,345.00	275,345.00
105,560.00	105,560.00	380,905.00
105,560.00	280,560.00
100,485.00	100,485.00	381,045.00
100,485.00	285,485.00
95,120.00	95,120.00	380,605.00
95,120.00	290,120.00
89,465.00	89,465.00	379,585.00
89,465.00	294,465.00
83,520.00	83,520.00	377,985.00
83,520.00	303,520.00
77,140.00	77,140.00	380,660.00
77,140.00	307,140.00
70,470.00	70,470.00	377,610.00
70,470.00	315,470.00
63,365.00	63,365.00	378,835.00
63,365.00	323,365.00
55,825.00	55,825.00	379,190.00
55,825.00	330,825.00
47,850.00	47,850.00	378,675.00
47,850.00	337,850.00
11/01/2043	39,440.00	39,440.00	377,290.00

Oct 31, 2016 815 am Prepared by DBC Finance	(Finance 7.012 Twin Creeks:TCREEK) Page 14

BOND DEBT SERVICE
MEADOW VIEW AT TWIN CREEKS COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Bonds, Series 2016A2 (Ph 1)
Period	Annual	Bond	Total

Ending	Principal	Coupon	Interest	Debt Service	Debt Service	Balance	Bond Value
05/01/2044	310,000	5.800%	39,440.00	349,440.00	1,050,000	1,050,000
11/01/2044	30,450.00	30,450.00	379,890.00	1,050,000	1,050,000
05/01/2045	330,000	5.800%	30,450.00	360,450.00	720,000	720,000
11/01/2045	20,880.00	20,880.00	381,330.00	720,000	720,000
05/01/2046	350,000	5.800%	20,880.00	370,880.00	370,000	370,000
11/01/2046	10,730.00	10,730.00	381,610.00	370,000	370,000
05/01/2047	370,000	5.800%	10,730.00	380,730.00
11/01/2047	380,730.00
5,390,000	6,299,383.22	11,689,383.22	11,689,383.22

Meadow View at Twin Creek	Debt Service Fund Community Development District		Series 2016 B

	Proposed
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
 Description			FY 2017	7/31/17	2 Months	9/30/17	FY 2018	
Revenues							
Carry Forward Surplus		$0	$0	$0	$0	$0	
Special Assessments		$0	$0	$0	$0	$564,300	
Interest Income		$0	$678	$22	$700	$600	
Bond Proceeds		$0	$843,315	$0	$843,315	$0	
    TOTAL REVENUES			$0	$843,993	$22	$844,015	$564,900	

Expenditures							
Series 2016 B Interest - 11/01		
$0	
$0	
$279,015	
$279,015	
$282,150	
Interest - 05/01		$279,015	$279,015	$0	$279,015	$282,150	
Principal - 05/01		$0	$0	$0	$0	$0	

    TOTAL EXPENDITURES		$279,015	$279,015	$279,015	$558,030	$564,300

EXCESS REVENUES	($279,015)	$564,978	($278,993)	$285,985	$600

Oct 31, 2016 8:15 am Prepared by DBC Finance	(Finance 7.012 Twin Creeks:TCREEK) Page 15
BOND DEBT SERVICE
MEADOW VIEW AT TWIN CREEKS COMMUNITY DEVELOPMENT DISTR1CT
Special Assessment Bonds, Series 2016B (Future Phases)

Annual
Period	Debt	Debt	Bond	Total
Ending	Principal	Coupon	Interest	Service	Service	Balance	Bond Value
ll/03/2016	9,405,000	9,405,000
05/01/2017	279,015	279,015	9,405,000	9,405,000
11/01/2017	282,150	282,150	561,165	9,405,000	9,405,000
05/01/2018	282,150	282,150	9,405,000	9,405,000
11/01/2018	282,150	282,150	564,300	9,405,000	9,405,000
05/01/2019	282,150	282,150	9,405,000	9,405,000
11/01/2019	282,150	282,150	564,300	9,405,000	9,405,000
05/01/2020	282,150	282,150	9,405,000	9,405,000
11/01/2020	282,150	282,150	564,300	9,405,000	9,405,000
05/01/2021	282,150	282,150	9,405,000	9,405,000
11/01/2021	282,150	282,150	564,300	9,405,000	9,405,000
05/01/2022	282,150	282,150	9,405,000	9,405,000
11/01/2022	282,150	282,150	564,300	9,405,000	9,405,000
05/01/2023	282,150	282,150	9,405,000	9,405,000
11/01/2023	282,150	282,150	564,300	9,405,000	9,405,000
05/01/2024	282,150	282,150	9,405,000	9,405,000
11/01/2024	282,150	282,150	564,300	9,405,000	9,405,000
05/01/2025	282,150	282,150	9,405,000	9,405,000

11/01/2025	282,150	282,150	564,300	9,405,000	9,405,000
05/01/2026	282,150	282,150	9,405,000	9,405,000
11/01/2026	9,405,000	6.000%	282,150	9,687,150	9,969,300	
	9,405,000		5,639,865	15,044,865	15,044,865	

Meadow View at Twin Creek Community Development District Assessment Chart

Operation and Maintenance Assessment

Product	Number of
Planned Units	
ERU Factor	
Total ERU's	
% ERU	
Net Annual	
Gross Annual	
Net Per Unit	
Gross Per Unit	
TH	196	0.8	156.80	11%	$103,689	$110,307	$529	$563	
43' lots	573	0.9	515.70	36%	$341,022	$362,790	$595	$633	
53' lots	387	1	387.00	27%	$255,916	$272,251	$661	$703	
63' lots	172	1.1	189.20	13%	$125,114	$133,100	$727	$774	
73' lots	66	1.15	75.90	5%	$50,191	$53,395	$760	$809	
90' lots	82	1.2	98.40	7%	$65,070	$69,223	$794	$844	
Total	1476		1,423	100%	$941,002	$1,001,066			

Phase I									
		Net Per	Gross Per				
Product	Units	Unit	Unit	Net Annual	Gross Annual		
TH	0	$529	$563	$0	$0		
43	86	$595	$633	$51,183	$54,450		
53	111	$661	$703	$73,402	$78,087		
63	65	$727	$774	$47,282	$50,300		
73	40	$760	$809	$30,419	$32,361		
90	0	$794	$844	$0	$0		
Total	302			$202,286	$215,198		

Debt Service Assessments

Phase I - Series 2016A-1 Bonds

Product	
Units	Net Per
Unit	Gross Per
Unit	
Net Annual	
Gross Annual	
TH	0	$0	$0	$0	$0	
43	86	$1,304	$1,387	$112,144	$119,302	
53	111	$1,449	$1,541	$160,839	$171,105	
63	65	$1,594	$1,696	$103,610	$110,223	
73	40	$1,667	$1,773	$66,680	$70,936	
90	0	$0	$0	$0	$0	
Total	302			$443,273	$471,567	

Phase I - Series 2016A-2 Bonds

Product	
Units	Net Per
Unit	Gross Per
Unit	
Net Annual	
Gross Annual	
TH	0	$0	$0	$0	$0	
43	86	$1,123	$1,195	$96,578	$102,743	
53	111	$1,247	$1,327	$138,417	$147,252	
63	65	$1,372	$1,460	$89,180	$94,872	
73	40	$1,435	$1,527	$57,400	$61,064	
90	0	$0	$0	$0	$0	
Total	302			$381,575	$405,931	

Phases 2 thru 4 - Series 2016B Bonds

Product	
Units	Net Per
Unit	Gross Per
Unit	
Net Annual	
Gross Annual	
TH	196	$404	$430	$79,184	$84,238	
43	487	$455	$484	$221,585	$235,729	
53	276	$505	$537	$139,380	$148,277	
63	107	$556	$591	$59,492	$63,289	
73	26	$581	$618	$15,106	$16,070	
90	82	$606	$645	$49,692	$52,864	
Total	1174			$564,439	$600,467