Canopy Community

Development District

Agenda

August 21, 2018

AGENDA

Canopy

Community Development District

135 W. Central Blvd., Suite 320, Orlando, Florida 32801

Phone: 407-841-5524- Fax: 407-839-1526

August 14, 2018

Board of Supervisors
Canopy Community

Development District

Dear Board Members:

The regular meeting of. the Board of Supervisors of Canopy Community Development District will be held Tuesday, August 21, 2018 at 11:00 AM at the Dorothy B. Oven Park, 3205 Thomasville Road, Tallahassee, Florida. Following is the advance agenda for the meeting:

1.	Roll Call
2.	Public Comment Period (1Speakers will fill out a card and submit it to the District Manager prior to the beginning of the meeting)

3.	Approval of Minutes of the July 10, 2018 Meeting

4.	Consideration of Resolution 2018-13 Amending Resolution 2018-09 Resetting the Date & Time of the Public Hearing on the Adopted Budget
5.	Consideration of Resolution 2018-14 Amending Resolution 2018-10 Resetting the Date & Time of the Public Hearing Declaring Special Assessments
6.	Public Hearings

A.	Fiscal Year 2019 Budget
i.	Consideration of Resolution 2018-15 Adopting the Fiscal Year 2019 Budget and Relating to Annual Appropriations

ii.	Consideration of Resolution 2018-16 Imposing Special Assessments and Certifying an Assessment Role
B.	Assessments
i.	Consideration of Master Engineer's Report
ii.	Consideration of Amended Master Assessment Methodology Report
iii.	Consideration of Resolution 2018-17 Levying Assessments
7.	Consideration of Resolution 2018-18 Appointing District Purchasing Agent
8.	Consideration of RFP' s for Units 4/5 Construction
9.	Consideration of Proposal to Make the CanopyCDD.com Website Compliant with the Americans with Disabilities Act

10.	Consideration of Resolution 2018-12 Supplemental Assessment Resolution
11.	Consideration of Other Financing Related Matters
12.	Staff Reports
A.	Attorney
B.	Engineer
C.	District Manager's Report
i.	Balance Sheet and Income Statement
ii.	Consideration of Funding Request #10 & #11
13.	Other Business
14.	Supervisors Requests
15.	Adjournment

1 Comments will be limited to three (3) minutes

The second order of business is the Public Comment Period where the public has an opportunity to be heard on propositions coming before the Board as reflected on the agenda, and any other items. Speakers must fill out a Request to Speak form and submit it to the District Manager prior to the beginning of the meeting.

The third order of business is the approval of the minutes of the July 10, 2018 Board of Supervisors meeting. The minutes are enclosed for your review.
The fourth order of business is the consideration of Resolution 2018-13 amending Resolution 2018-09 resetting the date & time of the public hearing on the adopted budget. A copy of the Resolution will be provided under separate cover.

The fifth order of business is the consideration of Resolution 2018-14 amending Resolution 2018-10 resetting the date & time of the public hearing declaring special assessments. A copy of the Resolution will be provided under separate cover.

The sixth order of business opens the public hearings. Section A is the public hearing to adopt the Fiscal Year 2019 budget. Sub-Section 1 is the consideration of Resolution 2018-15 adopting the Fiscal Year 2019 budget and relating to the annual appropriations. A copy of the Resolution and budget are enclsoed for your review. Sub-Section 2 is the consideration of Resolution 2018-16 imposing special assessments and certifying an assessment roll. The Resolution is enclsoed for your review and a copy of the assessment roll will be available at the meeting for review. Section B opens the public hearing for assessments. Sub-Section 1 is the consideration of the master engineer's report and Sub-Section 2 is the consideration of the amended master assessment methodology report. Both reports are enclosed for your review. Sub-Section 3 is consideration of Resolution 2018-17 levying assessments. A copy of the Resolution is enclosed for your review.
The seventh order of business is the consideration of Resolution 2018-18 appointing the District's purchasing agent. A copy of the Resolution is enclosed for your review.

The eighth order of business is the consideration of RFP's for units 4/5 construction. The proposals will be provided under separate cover and a copy of the evaluation criteria is enclosed for your review.
The ninth order of business is the consideration of the proposal to make the CanopyCDD.com website complaint with the Americans with Disabilities Act. A copy of the proposal is enclsoed for your review.

The tenth order of business is the consideration of Resolution 2018-12 the supplemental assessment Resolution. A copy of the Resolution will be provided under separate cover.

The eleventh order of business is the consideration of other financing related matters. There is no back-up material.

The twelfth order of business is Staff Reports. Section C is the District Manager's Report. Section 1 includes the balance sheet and income statement for review. Section 2 includes Funding Request #10 & #11 for ratification. A copy of the Funding Requests and supporting documentation is enclosed for your review.

The balance of the agenda will be discussed at the meeting. In the meantime, if you should have any questions, please do not hesitate to contact me.

Sincerely,

Darrin Mossing
District Manager

CC:	Jennifer Kilinski, District Counsel
Alan Wise, District Engineer

Darrin Mossing, GMS

Enclosures

MINUTES

MINUTES OF MEETING
CANOPY
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Canopy Community Development District was held Tuesday, July 10, 2018 at 11:00 a.m. at Dorothy B. Oven Park, 3205 Thomasville Road, Tallahassee, Florida.

Present and constituting a quorum were:

Tom Asbury	Chairman
Gregg Patterson	Vice Chairman
John "Al" Russell	Assistant Secretary
Colleen Castille	Assistant Secretary
Colson Hosford	Assistant Secretary

Also present were:

Darrin Mossing	District Manager
Jennifer Kilinski	District Counsel
Jennings Cooksey	Hopping Green & Sams
Alan Wise	District Engineer
Travis Justice	Greenman-Pedersen
Joel McHugh	Greenman-Pedersen
Robbie Cox	MBS Capital Markets by telephone

FIRST ORDER OF BUSINESS	Roll Call

Mr. Mossing called the meeting to order and called the roll.

SECOND ORDER OF BUSINESS	Public Comment Period

There being none, the next item followed.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the June 5, 2018

Meeting

On MOTION by Ms. Castille seconded by Mr. Russell with all in favor the minutes of the June 5, 2018 meeting were approved as presented.

July 10, 2018	Canopy CDD

FOURTH ORDER OF BUSINESS	Presentation of Master Engineer's Report:
Greenman-Pedersen, Inc.

Ms. Kilinski stated you previously approved the Master Engineer's Report and Alan will talk about the changes to that report and Darrin will talk about the changes to the Master Assessment Methodology report. We previously went through a master assessment process where you approved a resolution, we provided notices to landowners within the District regarding the maximum assessments the District would ever levy on lots based on the maximum Engineer's Report amount of $90,900,000. The only difference here and the reason we are going through this change is that as we got into the Supplemental Engineer's Report and Assessment Methodology we determined that an allocation on units as 1 ERU factor, which essentially is to say whether you have a 20-foot detached townhome or an 80 foot lot size it would be the exact same assessment amount and it made more sense in the development program to stratify those assessments so the assessments will be based on front foot. A 20-foot lot will get a lower assessment and an 80-foot lot would get a higher assessment based on the ERU calculation that Darrin has come up with in his methodology. Because of that change, the amount of assessments has changed in terms of lot sizes and the methodology used to apply those assessments has changed and as a result we are having to go back through this master assessment process. We will be sending 30-day notices to lot owners. Obviously, there are residents in the community now where there were not before so we expect we may get questions when they see there is going to be $110,000,000 potentially for the cost of improvements that could be allocated to your property. We are trying to make it as clear as we can and still be within legal requirements that their assessment is not expected to change, they will still be getting the same amount that was disclosed to them, there is really no change to the actual lot owner except for the way we are applying the methodology.

I wanted to let you know that because at our assessment hearing we may have residents here who have questions about that and we are going to do our best to answer questions for residents between now and that assessment hearing. None of the numbers have changed, the methodology, in terms of the actual numbers of assessment, has not changed it is just the way we are applying it, which is the way we expected to apply it over the last six to eight months.

Mr. Asbury stated we may end up with people here.

Ms. Castille stated there is a way to avoid that if you write the letter in the right way that says we are applying methodology differently, but your actual assessment is not going to change.

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July 10, 2018	Canopy CDD

Ms. Kilinski stated we are doing the best we can, but this is not normal English language. It is saying your assessment is not going to change. What does that really mean? It can be scary to some residents. It is difficult to read the letter and say now I understand it. Oftentimes you have to really talk them through exactly what you are doing and why and show them the bill and that sort of thing, but I think we can get there.

Ms. Castille stated I would like to see it underlined and bolded that says my assessment is not going to change.

Ms. Kilinski stated we have it in a box that is shaded and underlined in capitals. We broke that part out and said it again then said it again. Because we are also putting O&M assessments on the properties to fund the budget for the first time we are also having to send notices for the operation and maintenance assessment. We are combining that in this one notice so they are not getting two letters 10 days apart that says you have this assessment now you have this assessment. I would rather do it in one fell swoop and explain that as clearly as we can and still have all the legal requirements. We may get people here just because it is the first time.

Mr. Patterson asked if we are changing the methodology to front footage, but it is not changing, is that just for the existing people?
Mr. Asbury stated it is not changing for anyone.

Mr. Patterson stated changing it to front footage it seems like it would be different.

Ms. Kilinski stated keep in mind when we do the Master we have this $90 million number we knew we would never allocate $90 million to the property so it has a maximum assessment amount. When we go through and actually take the $13 million that we are doing for this bond issue the numbers are changing in that the application is different, but it would never get close to the $40,000 or so per lot that we said was the maximum debt if all these improvements are made. All we are really doing at the end of the day is going to be allocating $11.5 million of the $90,900,000 possible.

Mr. Patterson stated if it changes the assessment to the front footage if someone has 80 and someone has 150 if it is not changing I'm a little confused.

Mr. Asbury stated we had come up with this stratified assessment already and they have been noticed. They have signed something at contract that says that is what it is going to be and they have all that and that is what is not changing. The number they were told when they bought is where they are.

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July 10, 20 I 8	CanopyCDD

Mr. Wise stated related to the Master Engineer's Report specific to this item is the same report you have seen and approved eight or so months ago. The Master outlines all the improvements for the entire project, the maximum amount that would ever be requested to borrow money against this amount of infrastructure is the $90 million plus administrative, which comes up to $110 million. This master report is just going to supplement your methodology, which we are about to talk about.

The Master hasn't changed since August. It outlines anything and everything that would ever be needed for the entire 424-acre development.

FIFTH ORDER OF BUSINESS	Presentation	of  Amended  Master  Special	
	Assessment	Methodology	Report:	
	Governmental	Management	Services	
	Central Florida, LLC		

Mr. Mossing stated enclosed in your agenda package is the amended Master Special Assessment Methodology Report and the narrative section didn't change significantly. I will walk you through some of the tables to ·show you the changes. In the prior methodology the ERU per unit was 1 so every one of the different types of lots and the unit count in the original master was 900 residential lots and we are up to 1,001 plus the church so Table 1 changed. The allocation of the $110 million of the maximum amount of bond issuance then was allocated based upon those assigned ERU factors as a percentage of the total amount of ERU s. That flows through to each product type. Table 6 shows how the $110 million is allocated to the different product types and then the $110 million is basically divided by the number of units for that product type. We did the same for the annual debt service of $8,098,000 if you issue the $110 million. Table 7 is the preliminary assessment roll. When we originally did this there was only one property owner, the property was not platted at that time and Table 7 includes all 93 platted lots in Assessment Area 1 so our assessment roll changed significantly. If you look through each one of these lots, the par debt allocation per unit and the gross annual per unit is going to be part of the letter that is going to the individual property owners. It is going to be supplemented with the disclosure that your assessment is not going to increase over what was previously disclosed as part of your sales contract.

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July 10, 2018	Canopy CDD

Ms. Kilinski stated it is going to say that $110 million is the maximum amount of improvements and benefit that your property may receive through our capital improvement plan. We can show you a draft before we send it out.

Mr. Patterson asked what do we think the real number is most likely to be? Mr. Mossing responded $13,070,000.

Mr. Asbury stated of that we think eventually the passthrough amount will only be about $7 million. Based on what we told them they are going to pay that is the debt we can cover.

Mr. Mossing stated this methodology is how that $13 million is ultimately planned to be allocated to the property owners, however, when we started the process we started off as being one single-family unit was equal to one single-family unit. They are both acceptable methodologies for allocating the debt based upon the benefit the homeowners receive. We are applying both and it is causing complications.

Ms. Castille asked so you are going from unit to front foot? Mr. Mossing responded yes.

Mr. Patterson asked will the letters going out show the numbers on this table? Ms. Kilinski responded not unless they ask for a copy of the methodology.

Ms. Castille stated this $110 million represents actual debt that could possibly be entered into for benefits to the community.

Ms. Kilinski stated it is based on Alan's Engineer's Report as the maximum improvement costs of $90,900,000 for every improvement that may ever be constructed related to the development at all, plus cost of issuance, interest, carry cost on top of that.

Ms. Castille asked why wouldn't the $90 million be spent?

Ms. Kilinski stated the Supplemental Engineer's Report that you reviewed has a completion project cost closer to $52 million in improvements that we think will be needed for the residential portion of the development so that is cut in half. The second reason is when you talk about being able to sell the lots to an end user the idea of having $20,000 assessment you will never sell that lot.
Ms. Castille asked do I need $90 million in improvements in the community in order to get the community that I bought into?

Mr. Wise stated some of it is going to be borne by the developer. Some of the master costs is borne by the developer and isn't bonded. Some of those costs, when we put this together in

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July 10, 2018	Canopy CDD

August we were using our projected costs of construction that may occur over however many years so there was also some rate of inflation that was included. In the supplemental that is going to be tied to the $13 million that we are borrowing is a much narrower scope of improvements, it is a lot more defined and it is also based on actual contracts that are in place on this property. Some of the difference between the $52 million and $90 million is wiggle room contingency, including an inflation factor and from the start it was a question of what else could we need. There is a lot of recreational stuff that was included on the front end that was a contingency.

Ms. Castille stated that was the direction I was going. Over the years with the rare person who would show up at a governor and cabinet meeting on a CDD issue is people who said I bought in and here is my brochure and it shows tennis courts and this clubhouse and this golf course and pool and here I am five years later and all we have is a pool.

Mr. Asbury stated everything that has been sent to the public, which is the pool, clubhouse, linear park, walking trails, all that is included in the $52 million and also in that is the cost of building Welaunee Boulevard all the way from one end to the other and Blueprint is picking up three-quarters of that.

Mr. Wise stated also part of the $52 million is attributable to the commercial, which is outside of the CD D's responsibility. Master sewer pump station, master stormwater improvements are 70% attributable to the CDD and residential portion, 30% attributable to the commercial area and outside the CDD's responsibility or purview.

Mr. Asbury stated the commercial pays their share of that.

Mr. Patterson stated the $52 million you are talking about is a gross number that includes everything and $13 million is the net number for the residential.

Ms. Wise stated for a portion of the residential.

Mr. Asbury stated that is what we are borrowing right now, the $13 million, which will get us the 257 lots and the dam and the pool and clubhouse. Of that, the developer is required to pay back $5 .27 million.

Mr. Russell asked what triggered the reformulation from what we originally started with to what we are doing now?

Ms. Kilinski stated in part when you think about when we started the process we went through validation it was early last summer before a development plan in terms of lot sizes were really together so I think there was some communication about if we use the lot sizes we have now

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July 10, 2018	Canopy CDD

and these changed dramatically there could be a True-Up payment that is required. Let's say you drop all your 80s and end up with 20s you may end up with a few million True-Up payment that might be required at the end. Not doing those lot sizes the idea was the easiest way to approach it was the ERU of 1, which we do in a lot of Districts it is just a straight allocation method.

Mr. Russell asked as a homeowner how long am I able to maintain that assessment as is? Mr. Asbury stated it is a 30-year bond.

Ms. Kilinski stated the debt stays the same, the O&M may change.

Mr. Wise stated your assessment has two parts, O&M that is keeping the CDD going and then there is the debt component, the debt component is locked in. Annually this Board votes on O&M.

Ms. Kilinski stated that is the other thing with the $90 million, hypothetically speaking we have had Districts do this, you have a Master Engineer's report that says all these improvements have been validated, the court has decided these are public improvements you can finance these improvements. Let's say 15 years from now the developer is gone and homeowners come in and say we want that floating dock. We have the capacity that has been validated that they could issue bonds on themselves, to build an additional clubhouse to build a floating dock, whatever they want to build, they don't have to go back through validation, we don't have to go back and reallocate assessments.

Mr. Russell stated so we are leaving them in good shape when the developer leaves, which is a plus when we have residents coming here and questioning why we are doing what we are doing.

Ms. Kilinski stated this offers the maximum flexibility for the future not knowing what the future holds. You have those categories covered and they have been validated.

Mr. Mossing stated we will send to the Board the draft notice that will go to the homeowners. Ifwe select August 21 st that letter needs to go in the mail by July 21 st• We will get that out this afternoon or tomorrow to the Board, contact me with any concerns about the letter because there is a potential turnout and I will know because my phone number and email address are in the letter. I will have a feel pretty early on how that letter is being received and we may end up having to get another meeting location if people are going to show up at that public hearing.

Ms. Kilinski stated there are only 19 homeowners on our assessment roll.

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July IO, 2018	Canopy CDD

Mr. Mossing stated the developer may be proactive on this too and get ahead of this letter with the people that it is coming, this is what it means.

Mr. Patterson asked what about the people who are under contract and the people potentially thinking about buying? Can the developer go ahead and tie this in place so it doesn't have to be covered again?
Ms. Kilinski stated it won't have to be covered again, you will have a disclosure in the purchase and sales contracts.

Mr. Asbury stated we disclose there is a CDD and we disclose what the fees will be. We have been doing that all along and now we are cleaning up to a certain extent what we have been practicing.

Mr. Wise stated basically this is a prequalification but realistically the Board will set how much will be borrowed, what the payment actually is just like you would make a decision on the car you are comfortable with and not what the bank is willing to give you.

Ms. Kilinski stated we tried to be clear that this is the maximum amount of benefit your property may receive if all the improvements are constructed but your actual assessment for these lot owners because it has already been disclosed in their purchase and sale agreement know their assessment is going to be exactly what has already been disclosed.

Mr. Cox stated it is important for the Board to remember with this bond issuance the amount of interest being passed through to all 1,001 lots is basically being maxed out at whatever the amount is. That is being capped within this $13 million issuance so the Board can take some comfort in the fact that it can be explained if necessary at the next meeting, the public hearing, that is basically anything that would come in the future would be the B Bond component, which would be paid back by the developer who would be constructing more improvements on his own dime. This issuance will cover everything that will be passed through to the homeowner.

Mr. Asbury stated of this $13 million almost $6 million is to be paid back by the developer

anyway.				
Mr. Cox stated that is right. The pass through to the homeowner is roughly $8	million.	
SIXTH ORDER OF BUSINESS	Consideration	of   Resolution	2018-10	
	Declaring Special Assessments; Designating	
	the Nature and Location of the Proposed	
	Improvements, Declaring the Total Estimated	

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July 10, 2018	CanopyCDD

Cost of the Improvements, the Portion to be Paid by Assessments, and the Manner and Timing in which the Assessments are to be Paid, Designating the Lands Upon which the Assessments Shall be Levied; Providing for an Assessment Plat and a Preliminary Assessment Role; Addressing the Setting of Public Hearings; Providing for Publication of this Resolution; and Addressing Conflicts, Severability and an Effective Date and Mailed and Published Notices

Mr. Mossing stated item six is consideration of Resolution 2018-10 declaring special assessments, designating the nature and location of the proposed improvements, declaring the total estimated cost of the improvements the portion to be paid by assessments, and the manner and timing in which the assessments are to be paid, designating the lands upon which the assessments shall be levied; providing for an assessment plat and a preliminary assessment role; addressing the setting of public hearings; providing for publication of this resolution and addressing conflicts, severability and an effective date and mailed and published notices. Basically, that resolution approves the Engineer's Report, the Assessment Methodology and we are going to make the date August 21, 2018 at 11 :00 a.m. at this location subject to confirming availability of the space.

Ms. Castille moved to approve Resolution 2018-10 and Mr. Asbury seconded the motion.

Mr. Asbury stated all we are doing here is cleaning up, we are making it exactly the way we disclosed. What happens if we don't do it?

Ms. Kilinski stated if you don't do it the concern is an assessment challenge that you have a methodology that demonstrates a contribution and an amount that is not ever going to be done based on our completion project. We have a completion project of $52 million, we take out the reimbursements that we know are now coming from Blueprint, you are down to $38 million and you are issuing $13 million, you will never get there.

Mr. Patterson stated I get that.

Mr. Asbury stated we are not charging them any more money.

Mr. Russell asked is the issue that there is money sitting there that they can allocate or borrow?

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July 10, 2018	Canopy CDD

Mr. Patterson stated my issue is the perception of the homeowner.

Mr. Asbury stated that would be more my issue. It is going to be my problem to explain to them that it is not going up. You are not voting to increase their assessment.

Mr. Mossing stated there is already $110,000 approved through the pnor Master Methodology that is out there.
Ms. Kilinski stated the actual number is not changing at all.

Mr. Patterson stated it gives me serious heartburn that it may come back to haunt me.

On voice vote with all in favor the motion passed.

Mr. Cox left the telephone conference at this time.

SEVENTH ORDER OF BUSINESS	Consideration   of   Resolution   2018-12		
This item deferred.	Supplemental Assessment Resolution		
			
EIGHTH ORDER OF BUSINESS	Consideration of Other Financing Related		
	Matters		

There being none, the next item followed.

NINTH ORDER OF BUSINESS	Consideration of Acquisition of Series 2018
Project Improvements

Ms. Kilinski stated you have seen this form of documents before. This is the package we use for acquisition of improvements that are part of the Engineer's report. You don't have the 2018 Engineer's report in here, that is the Engineer's report that is specific to the 2018 bonds, but you have seen it before, you approved it two meetings ago. This is part of the acquisition package for the Unit 1 infrastructure. You will see the actual total costs, what improvements you are acquiring and the total was $4,607,686.

Mr. Wise stated a portion of the infrastructure in this infrastructure acquisition package is from Assessment Area 1 and a portion of it is from Assessment Area 2.
Mr. Wise pointed out on the map Assessment Area 1 that has been completed and platted and Assessment Area 2 and stated also master stormwater facilities that serve Assessment Area 1

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July IO, 2018	CanopyCDD

and a portion of Assessment Area 2, there are three primary stormwater facilities that serve these western phases, they are complete and getting ready to be accepted by the City.

Mr. Asbury stated we as the CDD are accepting these improvements, which are the infrastructure improvements then the CDD is giving them to the City.
Mr. Wise stated that is correct. The infrastructure itself, the improvements is what the CDD is being requested to acquire but no land at this time. There will be land that is transferred to the CDD at a future acquisition. Right now, it is just the constructed improvements. The portion of those construction improvements that we won't immediately pass to the City are the alleyways, they don't meet the City's design criteria and then stormwater management facility #1 and stormwater management facility E.

Mr. Russell asked are we going to maintain the alleyways?

Mr. Wise stated correct, the CDD will maintain the alleyways in perpetuity. Besides that, everything else, the main roads, water, sewer, stormwater, everything that occurs through the roadway corridors will get turned over, accepted and will be owned and maintained by the City.

Mr. Russell asked is there a certain condition they have to be in before they accept the turnover?
Mr. Wise stated yes and they have met those conditions. One of the things I have done prior to allowing this infrastructure acquisition to get to this point is to make sure they are up to City standards, they have met all their permit requirements, they have met all the testing requirements, and they are ready to be accepted by the City or whoever the final governmental entity is that will own them.

Ms. Kilinski stated we have discussed the CDD providing some letter or having the letter from the developer that says that any bond or warranties that need to be provided to the city for acceptance of the roadways is being provided directly from the developer to the city and not from the CDD. If there is any warranty item that they are required to come back and fix, that wouldn't be on the District.

Mr. Wise stated the contractor is providing a 2-year warranty bond from the date of acceptance so it will handle any warranty items.

Mr. Russell asked is that how it is traditionally handled?

Mr. Wise stated the City's minimum roadway design criteria is that you have to have two-lanes right off the bat and an alleyway is one-way.

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July 10, 2018	Canopy CDD

Mr. Asbury stated because we haven't put the final lift of asphalt on some of the roadways and some of the sidewalks aren't done, there is a bond being given to the City for those improvements to be done at the end.

On MOTION by Mr. Patterson seconded by Ms. Castille with all in favor acquisition of the Series 2018 project improvements was approved.

TENTH ORDER OF BUSINESS	Consideration of Addendum No. 1 and Update
Regarding Construction Related Matters for

Canopy Units 4 and 5 Infrastructure

Ms. Kilinski stated this is more of an update to the Board. At the last meeting you authorized a request for proposal for Units 4 and 5 and we had certain dates specified in that authorization. The evaluation criteria is not changing but the scope of the project is changing and we wanted to bring that to your attention.

Mr. Justice stated on the 26th we issued this addendum to make the bid more r presentative of what was going to be constructed, the 257 lots versus the overall 450 lots. We are going to issue a second addendum as it states here on or before the 18th releasing those revised plans for Assessment Area 2.

Mr. Wise pointed out on a map the areas that were put out to bid and stated we decided it was better to push the bid opening back, reissue a set of plans that had a reduced scope so that the bidders were bidding on what was actually intended to be constructed right away, not the overall picture and then once we get the contractor on Board try to scale it down then.

Ms. Castille asked the numbers you just read out were different than on the front page. We have 352 lots down to 184 lots.

Mr. Wise stated I apologize, the other 100 we were referencing is this portion over here so Units 4 and 5 combined are 352 lots. 184 is the area highlighted in pink. We are reducing the scope of the construction project to more accurately match assessment area no. 2 for the bonds that are going to be issued that way we don't have a contractor come in with a $12 million bid and we start negotiating down to the actual scope that we want. We want to advertise a scope then towards the end of the project ifwe want to add on another 40 houses or whatever it is easier to add than it is to start off on the front end and reducing a construction contract by 50%.

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July 10, 2018	Canopy COD

ELEVENTH ORDER OF BUSINESS      Staff Reports

A.	Attorney

There being none, the next item followed.

B.	Engineer

Mr. Wise stated I'm transitioning out of my role at GPI and as such Joe who has 30+ years of experience in construction has been transitioning in. Almost everything we do related to engineering and CDD is bidding and construction oriented so I believe his expertise is going to prove more beneficial than my third of his career. I am still available to these guys, it is going to be a transition period of six more weeks or so. I plan to come to the next CDD meeting and be involved as much as I need to be. I wanted to let you know my news and thank you for letting me serve and I really enjoyed it. I will be joining my brother in his business.

Mr. Mossing stated we are sad to hear your departure, you have been helpful and instrumental in getting us to the point we are. It sounds like you have a strong team behind you.

C.	Manager

Mr. Mossing stated as we mentioned as part of the amended Master Methodology discussion we want to ask the Board to move their public hearing date for the budget from September 5th to August 21 st at the same time and location as your public hearing for the assessments. We will adopt the budget and levying an operating and maintenance assessment. We will add it to the draft mailed notice coming out.

On MOTION by Ms. Castille seconded by Mr. Asbury with all in favor the budget hearing date was changed from September 5, 2018
to August 21, 2018 at 11 :00 a.m. at Dorothy B. Oven Park.

i.	Balance Sheet and Income Statement

A copy of the balance sheet and income statement were included in the agenda package.

ii.	Consideration of Funding Request No. 9

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July 10, 2018	Canopy CDD

On MOTION by Mr. Patterson seconded by Mr. Russell with all in favor funding request no. 9 was approved.

Mr. Wise stated we received a capital funding request late last week and we will review that and get it to you.

TWELFTH ORDER OF BUSINESS       Other Business

There being none, the next item followed.

THIRTEENTH ORDER OF BUSINESS    Supenrisors Requests

There being none,

On MOTION by Mr. Patterson seconded by Mr. Asbury with all in favor the meeting adjourned at 12:05 p.m.

Secretary/ Assistant Secretary	ChairmanNice Chairman

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SECTION IV

This item will be provided under

separate cover

SECTION V

This item will be provided under

separate cover

SECTION VI

SECTION A

SECTION 1

RESOLUTION 2018-15

THE ANNUAL APPROPRIATION RESOLUTION OF THE CANOPY COMMUNITY DEVELOPMENT DISTRICT ("DISTRICT") RELATING
TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET

FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2018, AND ENDING SEPTEMBER 30, 2019; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2018, submitted to the Board of Supervisors ("Board") of the Canopy Community Development District ("District") a proposed budget ("Proposed Budget") for the fiscal year beginning October 1, 2018

and ending September 30, 2019 complete financial plan for each

("Fiscal Year 2018/2019") along with an explanatory and 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 CANOPY COMMUNITY DEVELOPMENT

DISTRICT:

SECTION 1. BUDGET

a.	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.

1

b.	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.

c.	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 Canopy Community Development District for the Fiscal Year Ending September 30, 2019."

d.	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 2018/2019, the sum of$_ _ _ _ _ _ _ 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:

TOT AL GENERAL FUND	- - - - - - - -	
TOTAL ALL FUNDS	- - - - - - - -	
SECTION 3. BUDGET AMENDMENTS		

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2018/2019 or within sixty (60) days following the end of the Fiscal Year 2018/2019 may amend
its Adopted Budget for that fiscal year as follows:

a.	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.

b.	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.

c.	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.

2

d.	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 the 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 21ST DAY OF AUGUST, 2018.

ATTEST:	CANOPY COMMUNITY

DEVELOPMENT DISTRICT

Secretary/ Assistant Secretary	Chairman, Board of Supervisors

Exhibit A: Fiscal Year 2018/2019 Budget

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Exhibit A

4

•  •  •  •  •  •	•  •  •  •  •  •

••••••••••••

CANOPY

Community Development

District

Proposed Budget
FY 2019

•  •  •  •  •  •  •  •  •  •  •  •  •  •  •

	Table of Contents		
1-4			General Fund		
			General Fund Narrative		
5-10					
11-13	Assessment Area 1 - Special Assessment Bonds Series 2018A-4		
14-16					
	Assessment Area 2 - Special Assessment Bonds Series 2018A-1		
17-19	Assessment Area 2 - Special Assessment Bonds Series 2018A-2		
20-22					
	Assessment Area 3 - Special Assessment Bonds Series 2018A-3		

Canopy Community Development District

Proposed General Fund Budget

	Description		Adopted			Proposed		Buildout				
		Budget FY 2018	Budget FY 2019		Budget				
	Revenues					29,760		747,093				
	Assessments - Tax Roll (93 Platted Lots}	$		$			$					
	Assessments - Direct (Administrative Only)	$	87,500	$		105,692	$					
	Developer Contributions	$		$		185,273	$					
	Interest Income	$		$		500	$	2,500				
	Miscellaneous Income (Rentals}	$		$		2,500	$	10,000	I			
!Total Revenues	$	87,500	$		323,725	$	1s9,593				
																		
	Exeenditure											
			Administrative								12,000				
				Supervisor Fees	$		$			$					
				FICA	$		$			$	918				
				Engineering	$	12,000	$		12,000	$	6,000				
				Arbitrage	$		$		2,400	$	2,400				
				Dissemination	$		$		8,000	$	8,000				
				Attomey	$	25,000	$		25,000	$	25,000				
				Audit	$		$		5,000	$	7,500				
				Trustee	$		$		10,000	$	10,000				
				Management	$	35,000	$		35,000	$	50,000				
				Information Technology	$	600	$		2,500	s	5,000				
				Travel	$	300	$		250	$	250				
				Telephone	$		$		250	$	250				
				Postage	$	1,000	$		1,500	$	1,500				
				Pri nti ng/B i ndi ng	$	1,000	$		1,500	$	1,500				
				Insurance-Liability	$	5,800	$		6,000	$	6,000				
					Legal Advertising	$	5,000	$		5,000	$	5,000				
				Other Current Charges	$	1,000	$		1,000	$	1,000				
				Office Supplies	$	625	$		1,000	$	1,000				
					Dues	$	175	$		175	$	175	I		
							Administrative	$	87,500	$		116,575	$	143,493			
				Total											
				Maintenance											
					Common	Area:	$		$			$	25,000				
					Field Services												
					Porter Services	$		$			$	15,000				
					Landscape Maintenance	$		$		62,500	$	125,000				
					Landscape Contingency	$		$		12,500	$	25,000				
					Plant Replacement	$		s	7,500	$	15,000				

Canopy Community Development District

Proposed General Fund Budget

					Adopted		Proposed		Buildout		
Description	Budget FY 2018	Budget FY 2019		Budget		
		Common Area - Continued:			5,000	s			
		Irrigation - Repairs		$	$			10,000		
		Irrigation - Water	$	$	10,000	$	20,000		
		Irrigation• Electric	$	$	2,500	$	5,000		
	Wetland Maintenance	$	$	3,750	$	7,500		
	Wetland Mitigation Reporting	$	$	1,250	$	2,500		
	Street Lights	$	$		$			
		Lake Maintenance	$	$	7,500	$	15,000		
		Repairs and Maintenance	$	$	12,500	$	25,000		
		Operating Supplies	$	$	1,250	$	2,500		
		Road and Sidewalk	$	$		$			
	Trail Maintenance	$	$		$			
		Signage	$	$		$			
		Walls - Repair/aeaning	$	$		$			
		Fencing	$	$		$			
		Amenitv Center			18,750		75,000		
		Amenity	Management Staffing	$	$		$			
		Pool Attendants	$	$	3,750	$	15,000		
		Janitorial	$	$	3,750	$	15,000		
		Pool Maintenance	$	$	3,750	$	15,000		
		Pool Chemicals	$	$	1,875	$	7,500		
		Pool Perm its	$	$	188	$	750		
		Pool - Electric	$	$	3,750	$	15,000		
		Pool -Water	$	$	250	$	1,000		
		Telephone	$	$	625	$	2,500		
		Water/Sewer	$	$	1,250	$	5,000		
		Gas	$	$	125	$	500		
		Trash	$	$	600	$	2,400		
		Pest Control	$	$	300	$	1,200		
		Termite Bond	$	$	188	$	750		
		Insurance - Property	$	$	6,250	$	25,000		
		Cable/Internet	$	$	1,875	$	7,500		
		Access Cards	$	$	625	$	2,500		
		Activities	$	$	3,750	$	15,000		
		Security/ Alarms/Repair	$	$	8,750	$	35,000		
		Repairs and Maintenance	$	$	8,750	$	35,000		
		Office Supplies	$	$	500	s	2,000		
		Holiday Decorations	$	$	1,250	$	5,000		

canopy Community Development District Proposed General Fund Budget

					Adopted			Proposed				Buildout			
	Description	Budget FY 2018		Budget FY 2019				Budget		
		Other							1,250										
		Contingency	$			$					$	5,000			
		Capital Reserve (1)	$			$	8,750				$	35,000			
		Total Maintenance	$			$	207,150				$	616,100 I			
	Total Expenditures	$	87,500	$	323,725				$	759,593 I			
		Excess Revenues (Expenditures)	$			$							$	-	I		
										Current				Bulldout		
																
	Net Assessments				$		320,725				$	747,093			
	Collection Fees (7%)				$	24,141				$	56,233			
	Gross Assessments				$	344,866						$	803,326			
	No of Assessable Units						1,001.50							1,001.50			
	Net Assessment Per Unit				$	320				$	746			
	Gross Assessment Per Unit (Includes 7% Collection Cost)				$	344				$	802			
	Admlnstatlve Assessment:						116,575										
		Administrative Budget'				$											
		Assessable Units						1001.50										
		Net Assessment Per Unit					$	116.40										
		Assessments - Tax Roll (93 Units)				$	10,825										
		Undeveloped Planned Residential Units (908)				$	105,692										
		Religious Facility (.5)				$	58										
		Total Net Assessments				$	116,575										

(1) Capital Reserve amount is subject to change upon further completion of infrastructure supported by professional reserve study or engineer's estimate for annual funding.

Canopy Community Development District

Assessment Chart

										Total Net	Net Assessments	Net Assessments		
	Product Types	No. of Units			%			Assessments		Per Unit		Per Unit		
	Single Family- 20'	58				5.79%		$	18,564.92	$		320	$	344		
	Single Family- 30'	42			4.19%		$	13,443.56	$	320	$	344		
	Single Family - 30' (Attached)	207			20.66%		$	66,257.56	$	320	$	344		
	Single Family - 40'	174			17.37%		$	55,694.76	$	320	$	344		
	Single Family - 40' (Attached}	24			2.40%		$	7,682.04	$	320	$	344		
	Single Family • SO'	212			2.1.16%		$	67,857.98	$	320	$	344		
	Single Family· 60'	225			22.46%		$	72,019.09	$	320	$	344		
	Single Family - 70'	17			1.70%		$	5,441.44	$	320	$	344		
	Single Family• 80'	42			4.19%		$	13,443.56	$	320	$	344		
	Church	1			0.10%		$	320.08	$	320	$	344		
	Total Units	1,002			100.00%											
							$	320,725.00							
						Assessments Area I							
														
	Product Type	Units			O&M		Debt		Total		O&MTotal		
	Single Family• 40'	15	$		344		$	650	$	994	$	4,801		
	Single Family• 50'	54	$		344		$	750	$	1,094	$	17,285		
	Single Family - 60'	24	$		344		$	850	$	1,194	$	7,682		
	Total Units	93												$	29,768		

4

Canopy
Community Development District

GENERAL FUND BUDGET

REVENUES:

Assessments

The District will levy a non-ad valorem special assessment and on taxable property and unplatted lots within the District to fund general operating and maintenance expenditures for the Fiscal Year.

DeveloperContributions

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

InterestIncome

Represents estimated interest earnings from cash balances in the District's operating account with

Suntrust.

MiscellaneousIncome

Income received from rentals and other miscellaneous income.

EXPENDITURES:

Administrative:

SupervisorFees

The Florida Statutes allows each supervisor to be paid per meeting, for the time devoted to District business and board meetings. The amount is based upon 5 Supervisors attending 6 meetings during the fiscal year.

FICA Expense

Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisor checks.

Engineering

The District's engineer will be providing general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices, etc.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District's Arbitrage Rebate Liability on the new Special Assessment Revenue Bonds.

5

Canopy
Community Development District

GENERAL FUND BUDGET

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b) (5) which relates to additional reporting requirements for unrated bond issues.

Attorney

The  District's  legal  counsel,  Hopping,	Green	& Sams,	will  be providing  general	legal		
	services to the District, e.g. attendance and preparation		for monthly	meetings,	preparation		
	and review of agreements,	resolutions,	etc.															
	Annual Audit																						
							an				
	The District  is required  by Florida  Statutes  to	arrange	for		independent	audit of its		
	financial	records on an annual basis by an Independent	Certified	Public Accounting	Firm.		
	Trustee Fees																						
												
	The District's new Special	Assessments	Revenue	Bonds	will be held	and administered	with		
	a Trustee.																						
	Management Fees																				
	The District has contracted	with	Governmental	Management	Services		- Central	Florida,	LLC		
	to provide Management, Accounting and Recording Secretary Services	for the District.	The		
	services	include,	but are	not	limited	to, recording  and	transcription	of	board	meetings,		
	administrative services, budget	preparation, all financials	reporting, annual	audits,	etc.			
	Information Technology																			
									
	The  District  incurs  costs  related  to the District's  accounting	and		information		systems,		
	District's	website		creation	and		maintenance,	electronic	compliance		with	Florida		StaMes		
	and other electronic data requirements.																
	The  Board  of Supervisors  can	be  reimbursed	for travel	expenditures	related	to	the		
	conducting of District business.																		

Telephone

Telephone and fax machine.

Postage

Mailing	of agenda	packages,	overnight	deliveries,	checks  for	vendors,	and  any other	
required	correspondence, etc.						
Printing & Binding								
Printing	and  Binding  agenda	packages	for board	meetings,	printing	of computerized	
checks,	stationary,	envelopes etc					

6

Canopy
Community Development District
GENERAL FUND BUDGET

Insurance - liability

Represents the District's general liability, public officials liability and property insurance coverage, which will be provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Legal Advertising

Advertising of monthly board meetings, public hearings, and any services that are required to be advertised for public bidding, i.e. audit services, engineering service, maintenance contracts and any other advertising that may be required.

Other Current Charges

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

Office Supplies

The District incurs charges for supplies that need to be purchased during the fiscal year, including copier and printer toner cartridges, paper, file folders, binders, pens, paper clips, and other such office supplies.

Dues, licenses & Subscriptions

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

Maintenance {Common Area):

Field Services

The District will contract to provide onsite field management of contracts for District Services such as landscape maintenance. Services to include weekly site inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Porter Services

The District will incur cost for street sweeping and/or cleaning.

landscape Maintenance

The District will incur landscape maintenance expenses, which include mowing, edging, string-trimming, annual flower replacements, shrub and palm pruning, weeding, fertilization, pine straw, pest control and irrigation inspections during the fiscal year. Yellowstone Landscape is contracted to provide these services.

Landscape Contingency

To record the cost of landscape enhancements as well as any miscellaneous landscape items currently not budgeted or covered in landscape contract.

7

Canopy
Community Development District

GENERAL FUND BUDGET

Plant Replacement

Unscheduled maintenance consists of tree, shrub and other plant material replacements as well as annual bed enhancements

Irrigation Repairs

To record the cost of repairs to the irrigation system and preventative maintenance on the irrigation pump station.

Irrigation -Water

The District incurs cost for water. The District will contract with a utility company to provide this service.

Irrigation - Electric

The District will incur cost for electric for irrigation timers.

Wetland Maintenance

The District has a permit obligation to comply with certain conditions for the establishment and maintenance and monitoring of upland/wetland conservation areas.

Wetland Mitigation Reporting

The cost of quarterly wetland mitigation reports.

Lake Maintenance

The District will contract to provide for the few Stormwater management facilities that the CDD will own and maintain.

Repairs and Maintenance

Cost of repairs and maintenance through out the common area of the District.

Operating Supplies

Purchase of supplies for the District.

Amenity Center:

Amenity Management Staffing

Staff cost associated with helping and running the amenity center.

Pool Attendants

The cost to hire and supervise pool attendants used to help with running the amenity center's pool. Account line includes staff hours for the fiscal year, all related benefits, and a contingency for projects and pay increase.

8

Canopy
Community Development District
GENERAL FUND BUDGET

Janitorial

The cost to provide cleaning for amenity center.

Pool Maintenance

The District will contract with a vendor to provide for the maintenance of the Amenity Center swimming pool.

Pool Chemicals

The District will contract with a vendor to provide pool chemicals to maintain the pool.

Pool Permits

Represents Permit Fees paid to the Department of Health for the swimming pool.

Pool Electric

The cost of electric to run the amenity pool.

Pool-Water

The cost of water used for the amenity pool.

Telephone

The cost of phone services for amenity center.

Water/Sewer

The cost of water and sewer associated with amenity center restrooms and irrigation.

The cost associated with providing propane gas services to heat the pool.

The cost of providing garbage disposal services.

Pest Control

This represents pest control of amenity center by contracted vendor.

Termite Bond

This represents cost to maintain termite warranty for the amenity center.

9

Canopy

Community Development District

GENERAL FUND BUDGET

Insurance - Properfy

The District's Property Insurance policy will contract with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies. The amount budgeted represents the estimated premium for property insurance related to the Amenity Center.

Cable/Internet

The cost of cable and internet services for amenity center.

Access Cards

Represents the estimated cost for access cards used for entry to the District's Amenity
Center.

Activities

Represents estimated costs for the District to host special events for the community throughout the Fiscal Year.

Security/Alarms/Repair

The monthly service fee and maintenance costs associated with security alarms/cameras provided by contracted vendor.

Repairs and Maintenance

Represents regular repairs and replacements for District's Amenity Center.

Office Supplies

The cost of supplies used by Amenity Center Staff to run the center includes postage, printer ink, and office supplies.

Holiday Decorations

Estimated cost for installation of holiday lights and decor as well as supplies.

Other:

Contingency

To record the cost of any maintenance expenses not properly classified in any of the other accounts.

Capital Reserve

This amount is subject to change upon further completion of infrastructure supported by professional reserve study or engineer's estimate for annual funding.

10

Canopy Community Development District

Proposed Debt Service Fund Budget

Assessment Area 1 - Series 2018A-4 Bonds

									Proposed		Proposed				
	Description			Budget FY 2018	Budget FY 2019				
		Revenues										
		Assessments		- Tax Roll (Platted lots)	$		$	65,425				
	Assessments - Direct (Unplatted Lots)	$		$					
	Bond Proceeds			$	42,183	$					
		Interest Income			$		$	250				
	Carry Forward Surplus			$	42,183	$	9,471	I		
!Total Revenues			$		$	75,146			
														
		Expenditure				$		$	9,470				
		Interest - 11/1										
		Principal - 5/1			$		$	30,000				
		Interest - 5/1			$		$	25,069	I		
!Total Expenditures			$		$	64,539			
															
	I Excess Revenues			$	42,183	$	10,606 I		
		Excess Revenues	$	42,183	Interest -11/1	$	24,281				
		Less: Debt Service Reserve	$	(32,713)								
		Carry Forward Surplus	- - - - - - - ' - - - ' - - - - - ' -								
			$	9,471								
						=======								

11

Jul 20, 2018 12:58 pm Prepared by DBC Finance	(Finance 8.000 Canopy:2018A) Page 19

		BOND DEBT SERVICE			
		Canopy Community Development District			
		Special Assesment Bonds, Series	2018A-4			
Period	Principal	Coupon	Interest	Debt Service	Annual		
Ending					Debt Service		
I 1/01/2018	30,000	5.250%	9,470.42	9,470.42	64,539.17		
05/01/2019			25,068.75	55,068.75			
11/01/2019	15,000	5.250%	24,281.25	24,281.25	63,562.50		
05/01/2020			24,281.25	39,281.25			
11/01/2020	15,000	5.250%	23,887.50	23,887.50	62,775.00		
05/01/2021			23,887.50	38,887.50			
I 1/01/2021	15,000	5.250%	23,493.75	23.493.75	61,987.50		
05/01/2022			23,493.75	38,493.75			
11/01/2022	15,000	5.250%	23,100.00	23,100.00	61,200.00		
05/01/2023			23,100.00	38,100.00			
11/01/2023	15,000	5.250%	22,706.25	22,706.25	60,412.50		
05/01/2024			22,706.25	37,706.25			
11/01/2024	20,000	5.250%	22,312.50	22,312.50	64,625.00		
05/01/2025			22,312.50	42,312.50			
I 1/01/2025	20,000	5.250%	21,787.50	21,787.50	63,575.00		
05/01/2026			21,787.50	41,787.50			
11/01/2026	20,000	5.250%	21,262.50	21,262.50	62,525.00		
05/01/2027			21,262.50	41,262.50			
11/0)/2027	20,000	5.250%	20,737.50	20,737.50	61,475.00		
05/01/2028			20,737.50	40,737.50			
11/01/2028	25,000	5.250%	20,212.50	20,212.50	65,425.00		
05/01/2029			20,212.50	45,212.50			
11/01/2029	25.000	5.250%	19,556.25	19,556.25	64,112.50		
05/01/2030			19,556.25	44,556.25			
11/01/2030	25,000	5.250%	18,900.00	18,900.00	62,800.00		
05/01/203)			18,900.00	43,900.00			
11/01/203 I	25,000	5.250%	18,243.75	18,243.75	61,487.50		
05/01/2032			18,243.75	43,243.75			
11/01/2032	30,000	5.250%	17,587.50	17,587.50	65,175.00		
05/01/2033			17,587.50	47,587.50			
I 1/01/2033	30,000	5.250%	16,800.00	16,800.00	63,600.00		
05/01/2034			16,800.00	46,800.00			
11/01/2034	30,000	5.250%	16,012.50	16,012.50	62,025.00		
05/01/2035			16,012.50	46,012.50			
11/01/2035	30,000	5.250%	15,225.00	15,225.00	60,450.00		
05/01/2036			15,225.00	45,225.00			
I 1/01/2036	35,000	5.250%	14,437.50	14,437.50	63,875.00		
05/01/2037			14,437.50	49,437.50			
11/01/2037	35,000	5.250%	13,518.75	13,518.75	62,037.50		
05/01/2038			13,518.75	48,518.75			
11/01/2038	40,000	5.250%	12,600.00	12,600.00	65,200.00		
05/01/2039			12,600.00	52,600.00			
11/01/2039	40,000	5.250%	11,550.00	11,550.00	63,100.00		
05/01/2040			I 1,550.00	51,550.00			
11/01/2040	40,000	5.250%	10,500.00	10,500.00	61,000.00		
05/01/2041			10,500.00	50,500.00			
11/01/2041	45,000	5.250%	9,450.00	9,450.00	63,900.00		
05/01/2042			9,450.00	54,450.00			
11/01/2042	45,000	5.250%	8,268.75	8,268.75	61,537.50		
05/01/2043			8,268.75	53,268.75			
11/01/2043	50,000	5.250%	7,087.50	7,087.50	64,175.00		
05/01/2044			7,087.50	57,087.50			
I 1/01/2044	50,000	5.250%	5,775.00	5,775.00	61,550.00		
05/01/2045			5,775.00	55,775.00			
11/01/2045			4,462.50	4,462.50			

12

Jul 20, 2018 12:58 pm Prepared by DBC Finance	(Finance 8.000 Canopy:2018A) Page 20

BOND DEBT SERVICE

Canopy Community Development District

Special Assesment Bonds, Series 2018A-4

Period		Coupon	Interest	Debt Service	Annual		
Ending	Principal				Debt Service		
05/01/2046	55,000	5.250%	4,462.50	59,462.50	63,925.00		
11/01/2046			3,018.75	3,018.75			
05/01/2047	55,000	5.250%	3,018.75	58,018.75	61,037.50		
11/01/2047			1,575.00	1,575.00			
05/01/2048	60,000	5.250%	1,575.00	61,575.00	63,150.00		
	955,000		931,239.17	1,886,239.17	1,886,239.17		

13

Canopy Community Development District

Proposed Debt Service Fund Budget

Assessment Area 2 - Series 2018A-1 Bonds

								Proposed		Proposed					
	Description			Budget FY 2018	Budget FY 2019					
	Revenues											
	Assessments		- Tax Roll (Platted Lots)	$		$	203,045					
	Assessments - Direct (Unplatted Lots)	$	107,593	$						
	Bond Proceeds			$		$						
	Interest Income			$		$	250					
	Carry Forward Surplus			$		$	25,521					
	!Total Revenues			$		$	22s,s16 1		
														
	Expenditure						25,521					
														
	Interest - 11/1			$		$						
	Principal - 5/1			$		$	70,000					
	Interest - 5/1			$		$	67,555	I				
	!Total Expenditures			$		$	163,076					
												
	I Excess Revenues			$	107,593	$	6s,140	I			
	Excess Revenues	$	107,593	Interest - 11/1	$	65,490				
	Less: Debt Service Reserve	------									
		$	{82,073)									
	Carry Forward Surplus		25,521									
					=$= = = =									

14

Jul 20, 2018 12:58 pm Prepared by DBC Finance	(Finance 8.000 Canopy:20 I SA) Page 13

		BOND DEBT SERVICE			
		Canopy Community Development District			
		Special Assesment Bonds, Series	2018A-1			
Period	Principal	Coupon	Interest	Debt Service	Annual		
Ending					Debt Service		
11/01/2018	70,000	5.900%	25,520.78	25,520.78	163,075.78		
05/01/2019			67,555.00	137,555.00			
I 1/01/2019	30,000	5.900%	65,490.00	65,490.00	160,980.00		
05/01/2020			65,490.00	95,490.00			
11/01/2020	30,000	5.900%	64,605.00	64,605.00	159,2!0.00		
05/01/2021			64,605.00	94,605.00			
I I/01/2021	35,000	5.900%	63,720.00	63,720.00	162,440.00		
05/01/2022			63,720.00	98,720.00			
11/01/2022	35,000	5.900%	62,687.50	62,687.50	160,375.00		
05/01/2023			62,687.50	97,687.50			
11/01/2023	40,000	5.900%	61,655.00	61,655.00	163,310.00		
05/0)/2024			61,655.00	101,655.00			
I 1/01/2024	40,000	5.900%	60,475.00	60,475.00	160,950.00		
05/01/2025			60,475.00	100,475.00			
11/01/2025	45,000	5.900%	59,295.00	59,295.00	163,590.00		
05/01/2026			59,295.00	104,295.00			
11/01/2026	45,000	5.900%	57,967.50	57,967.50	160,935.00		
05/01/2027			57,967.50	102,967.50			
I 1/01/2027	50,000	5.900%	56,640.00	56,640.00	163,280.00		
05/01/2028			56,640.00	106,640.00			
Jl/01/2028	50,000	5.900%	55,165.00	55,165.00	160,330.00		
05/01/2029			55,165.00	105,165.00			
11/01/2029	55,000	5.900%	53,690.00	53,690.00	162,380.00		
05/01/2030			53,690.00	108,690.00			
11/01/2030	60,000	5.900%	52,067.50	52,067.50	164,135.00		
05/01/2031			52,067.50	112,067.50			
11/01/2031	60,000		50,297.50	50,297.50	160,595.00		
05/01/2032		5.900%	50,297.50	110,297.50			
11/01/2032	65,000	5.900%	48,527.50	48,527.50	162,055.00		
05/0J/2033			48,527.50	113,527.50			
11/01/2033	70,000	5.900%	46,610.00	46,610.00	163,220.00		
05/01/2034			46,610.00	I 16,610.00			
11/01/2034	75,000	5.900%	44,545.00	44,545.00	164,090.00		
05/01/2035			44,545.00	119,545.00			
11/01/2035	75,000	5.900%	42,332.50	42,332.50	159,665.00		
05/01/2036			42,332.50	117,332.50			
I 1/01/2036	80,000	5.900%	40,120.00	40,120.00	160,240.00		
05/01/2037			40,120.00	120,120.00			
11/01/2037	85,000	5.900%	37,760.00	37,760.00	160,520.00		
05/01/2038			37,760.00	122,760.00			
11/01/2038	90,000	5.900%	35,252.50	35,252.50	160,505.00		
05/01/2039			35,252.50	125,252.50			
11/01/2039	95,000	5.900%	32,597.50	32,597.50	160,195.00		
05/01/2040			32,597.50	127,597.50			
I 1/01/2040	100,000	5.900%	29,795.00	29,795.00	159,590.00		
05/01/2041			29,795.00	129,795.00			
11/01/2041	110,000	5.900%	26,845.00	26,845.00	163,690.00		
05/01/2042			26,845.00	136,845.00			
11/01/2042	115,000	5.900%	23,600.00	23,600.00	162,200.00		
05/01/2043			23,600.00	138,600.00			
11/01/2043	120,000	5.900%	20,207.50	20,207.50	160,415.00		
05/01/2044			20,207.50	140,207.50			
11/01/2044	130,000	5.900%	16,667.50	16,667.50	163.335.00		
05/01/2045			16,667.50	146,667.50			
11/01/2045			12,832.50	12,832.50			

15

Jul 20, 2018 12:58 pm Prepared by DBC Finance	(Finance 8.000 Canopy:2018A)  Page 14

BOND DEBT SERVICE

Canopy Community Development District

Special Assesment Bonds. Series 2018A-1

Period	Principal	Coupon	Interest		Annual		
Ending				Debt Service	Debt Service		
05/01/2046	135,000	5.900%	12,832.50	147,832.50	160,665.00		
11/01/2046			8,850.00	8,850.00			
05/01/2047	145,000	5.900%	8,850.00	153,850.00	162,700.00		
11/01/2047			4,572.50	4,572.50			
05/01/2048	155,000	5.900%	4,572.50	159,572.50	164,145.00		
							
	2,290,000		2,562,815.78	4,852,815.78	4,852,815.78		

16

Canopy Community Development District

Proposed Debt Service Fund Budget

Assessment Area 2 - Series 2018A-2 Bonds

										Proposed		Proposed				
	Description					Budget FY 2018	Budget FY 2019				
	Revenues													
	Assessments		- Tax Roll (Platted Lots)	$		$						
	Assessments - Direct (Unplatted Lots)	$	264,682	$	319,485				
	Bond Proceeds					$		$						
	Interest Income					$		$	250				
	Carry Forward Surplus					$	264,682	$	60,347	I		
	!Total Revenues					$		$	380,082			
																
	Ex enditure								60,347				
															
	Interest - 11/1					$		$					
	Principal - 5/1					$		$						
	Interest - 5/1					$		$	159,743				
	!Total Expenditures					$		$	220,0901			
																	
	I Excess Revenues					$	264,682	$	159,993	I		
	Excess Revenues	$	264,682			Interest - 11/1	$	159,743				
	Less: Debt Service Reserve	$	(204,335)									
	Carry Forward Surplus	$	60,347											

17

Jul 20, 2018 12:58 pm Prepared by DBC Finance	(Finance 8.000 Canopy:2018A)  Page 15

		BOND DEBT SERVICE				
		Canopy Community Development District			
		Special Assesment Bonds, Series 2018A-2			
Period	Principal	Coupon	Interest	Debt Service	Annual		
Ending					Debt Service		
I 1/01/2018			60,347.17	60,347.17			
05/01/2019			159,742.50	159,742.50	220,089.67		
I 1/01/2019			159,742.50	159,742.50			
05/01/2020			159,742.50	159,742.50	319,485.00		
11/01/2020			159,742.50	159,742.50			
05/01/2021			159,742.50	159,742.50	319,485.00		
11/01/2021			159,742.50	159,742.50			
05/01/2022	85.000	5.900%	159,742.50	244,742.50	404,485.00		
11/01/2022			157,235.00	157,235.00	404,470.00		
05/01/2023	90,000	5.900%	157,235.00	247,235.00			
11/01/2023			154,580.00	154,580.00			
05/01/2024	95,000	5.900%	154,580.00	249,580.00	404,160.00		
11/01/2024			151,777.50	151,777.50			
05/01/2025	l05,000	5.900%	151,777.50	256,777.50	408,555.00		
11/01/2025			148,680.00	148,680.00	407,360.00		
05/01/2026	110,000	5.900%	148,680.00	258,680.00			
11/01/2026			145,435.00	145,435.00			
05/01/2027	I 15,000	5.900%	145,435.00	260,435.00	405,870.00		
11/01/2027			142,042.50	142,042.50			
05/01/2028	120,000	5.900%,	142,042.50	262,042.50	404,085.00		
I 1/01/2028			138,502.50	138,502.50	407,005.00		
05/01/2029	130,000	5.900%	138,502.50	268,502.50			
11/01/2029			134,667.50	134,667.50			
05/01/2030	135,000	5.900%	134,667.50	269,667.50	404,335.00		
11/01/2030			130,685.00	130,685.00			
05/01/203)	145,000	5.900%	130,685.00	275,685.00	406,370.00		
11/01/203)			126,407.50	126,407.50			
05/01/2032	155,000	5.900%	126,407.50	281,407.50	407,815.00		
11/01/2032			121,835.00	121,835.00			
05/01/2033	165,000	5.9000/u	121,835.00	286,835.00	408,670.00		
11/01/2033			116,967.50	116,967.50			
05/01/2034	170,000	5.900%	116,967.50	286,967.50	403,935.00		
I 1/01/2034			111,952.50	I I 1,952.50			
05/01/2035	180,000	5.900%	111,952.50	291,952.50	403,905.00		
11/01/2035			106,642.50	106,642.50			
05/01/2036	195,000	5.900%	106,642.50	301,642.50	408,285.00		
I 1/01/2036			100,890.00	100,890.00			
05/01/2037	205.000	5.900%	100,890.00	305,890.00	406,780.00		
11/01/2037			94,842.50	94,842.50	404,685.00		
05/01/2038	215,000	5.900%	94,842.50	309,842.50			
11/01/2038			88,500.00	88,500.00			
05/01/2039	230,000	5.900%	88,500.00	318,500.00	407,000.00		
11/01/2039			81,715.00	81,715.00			
05/01/2040	240,000	5.900%	81,715.00	321,715.00	403,430.00		
I 1/01/2040			74,635.00	74,635.00			
05/01/2041	255,000	5.900%	74,635.00	329,635.00	404,270.00		
11/01/2041			67,112.50	67,112.50			
05/01/2042	270,000	5.900%	67,112.50	337,112.50	404,225.00		
11/01/2042			59,147.50	59,147.50			
05/01/2043	290,000	5.900%	59,147.50	349,147.50	408,295.00		
I 1/01/2043			50,592.50	50,592.50			
05/01/2044	305,000	5.900%	50,592.50	355,592.50	406,185.00		
11/01/2044			41,595.00	41,595.00			
05/01/2045	325,000	5.900%	41,595.00	366,595.00	408,190.00		
11/01/2045			32,007.50	32,007.50			

18

Jul 20, 2018 12:58 pm Prepared by DBC Finance	(Finance 8.000 Canopy:2018A)  Page 16

BOND DEBT SERVICE

Canopy Community Development District

Special Assesment Bonds, Series 2018A-2

Period					Annual	
Ending	Principal	Coupon	Interest	Debt Service	Debt Service	
05/01/2046	340,000	5.900%	32,007.50	372,007.50	404,015.00	
11/01/2046			21,977.50	21,977.50		
05/01/2047	360,000	5.900%	21,977.50	381,977.50	403,955.00	
I 1/01/2047			11,357.50	I 1,357.50		
05/01/2048	385,000	5.900%	11,357.50	396,357.50	407,715.00	
	5,415,000		6,402, I 09.67	11,817,109.67	11,817,109.67	

19

Canopy Community Development District

Proposed Debt Service Fund Budget

Assessment Area 3 - Serles 2018A-3 Bonds

													Proposed		Proposed					
																				
	Description						Budget FY 2018	Budget FY 2019					
	Revenues														
	Assessments		- Tax Roll (Platted Lots)	$		$						
Assessments - Direct (Unplatted lots)	$		$	304,735					
	Bond Proceeds						$	252,369	$						
	Interest Income						$		$	250					
	Carry Forward Surplus						$	252,369	$	57,561					
!Total Revenues						$		$	362,546	I		
																			
		Ex enditure															
		Interest - 11/1						$		$	57,561					
		Principal - 5/1						$		$						
		Interest - 5/1						$		$	152,368	1		
!Total Expenditures						$		$	209,929			
																				
!Excess Revenues						$	252,369	$	152,617 I			
		Excess Revenues	$	252,369			Interest - 11/1	$	152,368					
		Less: Debt Service Reserve	$	(194,808)									
		Carry Forward Surplus		$	57,561											

20

Jul 20, 2018 12:58 pm Prepared by DBC Finance	(Finance 8.000 Canopy:2018A)  Page 17

		BOND DEBT SERVICE				
		Canopy Community Development District			
		Special Assesment Bonds, Series 2018A-3			
Period					Annual		
Ending	Principal	Coupon	Interest	Debt Service	Debt Service		
11/01/2018			57,561.06	57,561.06	209,928.56		
05/01/2019			152,367.50	152,367.50			
11/01/2019			152,367.50	152,367.50			
05/01/2020			152,367.50	152,367.50	304,735.00		
11/01/2020			152,367.50	152,367.50	304,735.00		
05/01/2021			152,367.50	152,367.50			
11/01/2021			152,367.50	152,367.50	384,735.00		
05/01/2022	80,000	5.900%	152,367.50	232,367.50			
I 1/01/2022			150,007.50	150,007.50	385,015.00		
05/01/2023	85,000	5.900%	150,007.50	235,007.50			
I 1/01/2023			147,500.00	147,500.00			
05/01/2024	90,000	5.900%	147,500.00	237,500.00	385,000.00		
11/01/2024			144,845.00	144,845.00	384,690.00		
05/01/2025	95,000	5.900%	144,845.00	239,845.00			
I 1/01/2025			142,042.50	142,042.50			
05/01/2026	105,000	5.900%	142,042.50	247,042.50	389,085.00		
11/01/2026			138,945.00	138,945.00			
05/01/2027	110,000	5.900%	138,945.00	248,945.00	387,890.00		
11/01/2027			135,700.00	135,700.00			
05/01/2028	115,000	5.900%	135,700.00	250,700.00	386,400.00		
I 1/01/2028			132,307.50	132,307.50			
05/01/2029	125,000	5.900%,	132,307.50	257,307.50	389,615.00		
11/01/2029			128,620.00	128,620.00	387,240.00		
05/01/2030	130,000	5.900%	128,620.00	258,620.00			
11/01/2030			124,785.00	124,785.00	389,570.00		
05/01/2031	140,000	5.900%	124,785.00	264,785.00			
11/01/2031			120,655.00	120,655.00			
05/01/2032	145,000	5.900%	120,655.00	265,655.00	386,310.00		
11/01/2032			I 16,377.50	116,377.50			
05/01/2033	155,000	5.900%	116,377.50	271,377.50	387,755.00		
11/01/2033			111,805.00	111,805.00	388,610.00		
05/01/2034	165,000	5.900%	111,805.00	276,805.00			
1J/01/2034			!06,937.50	106,937.50	388,875.00		
05/01/2035	175,000	5.900%	106,937.50	281,937.50			
l l/01/2035			101,775.00	101,775.00			
05/01/2036	185,000	5.900%	101,775.00	286,775.00	388,550.00		
11/01/2036			96,317.50	96,317.50	387,635.00		
05/01/2037	195,000	5.900%	96,317.50	291,317.50			
11/01/2037			90,565.00	90,565.00	386,130.00		
05/01/2038	205,000	5.900%	90,565.00	295,565.00			
11/01/2038			84,517.50	84,517.50			
05/01/2039	220,000	5.9000/o	84,517.50	304,517.50	389,035.00		
1 l/01/2039			78,027.50	78,027.50	386,055.00		
05/01/2040	230,000	5.900%	78,027.50	308.027.50			
11/01/2040			71,242.50	71,242.50			
05/01/2041	245,000	5.900%	71,242.50	316,242.50	387,485.00		
1 I/01/2041			64,015.00	64,015.00			
05/01/2042	260,000	5.900%	64,015.00	324,015.00	388,030.00		
11/01/2042			56,345.00	56,345.00			
05/01/2043	275,000	5.900%	56,345.00	331,345.00	387,690.00		
11/01/2043			48,232.50	48,232.50			
05/01/2044	290,000	5.900%	48,232.50	338,232.50	386,465.00		
11/01/2044			39,677.50	39,677.50	389,355.00		
05/01/2045	310,000	5.900%	39,677.50	349,677.50			
11/01/2045			30,532.50	30,532.50			

21

Jul 20, 2018 12:58 pm Prepared by DBC Finance	(Finance 8.000 Canopy:2018A)  Page 18

BOND DEBT SERVICE

Canopy Community Development District

Special Assesment Bonds, Series 2018A-3

	Period					Annual		
	Ending	Principal	Coupon	Interest	Debt Service	Debt Service		
									
	05/01/2046	325,000	5.900%	30,532.50	355,532.50	386,065.00			
	11/01/2046	345,000		20,945.00	20,945.00				
	05/01/2047		5.900%	20,945.00	365,945.00	386,890.00		
	11/01/2047			10,767.50	10,767.50				
	05/01/2048	365,000	5.900%	10,767.50	375,767.50	386,535.00			
								
		5,165,000		6,111,108.56	11,276,108.56	11,276,108.56		

22

SECTION 2

RESOLUTION 2018-16

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CANOPY COMMUNITY DEVELOPMENT DISTRICT MAKING A

DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2018/2019; 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 Canopy Community Development District ("District") is a local unit of special-purpose government established by and existing under and pursuant to Chapter 190, Florida Statutes, as amended ("Act"); and

WHEREAS, the District is located in Leon County, Florida ("County"); and

WHEREAS, the District has constructed or acquired various infrastructure improvements and provides certain services in accordance with 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, 2018 and ending September

30, 2019 ("Fiscal Year 2018/2019"), 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, Chapters 170 and 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 ("Assessment Roll") attached to this Resolution as Exhibit "B," and to certify the portion of the

1

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 adopted herein, including that portion 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 CANOPY COMMUNITY DEVELOPMENT
DISTRICT:

SECTION 1. BENEFIT & ALLOCATION FINDINGS. 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 is shown in Exhibits "A" and "B," and 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.

A.	Tax Roll Assessments. The operations and maintenance 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 . "

B.	Direct Bill Assessments. The operations and maintenance 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 in full on December 1, 2018; provided, however, that, to the extent permitted by law, the assessments due may be paid in several partial, deferred payments and according to the following schedule: 50% due no later than December 1, 2018, 25% due no later than February I, 2019 and 25% due no later than May 1, 2019. 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 2018/2019, 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

2

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.

C.	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 ofthe 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 21st day of August, 2018.

Attest:	CANOPY COMMUNITY DEVELOPMENT DISTRICT

				
Secretary/Assistant Secretary		Chair, Board of Supervisors		
Exhibit A:	Budget			
Exhibit B:	Assessment Roll (Uniform Method)		
Assessment Roll (Direct Collect)

3

Exhibit A

•  •  •  •  •  •	•  •  •  •  •  •

•••••••

CANOPY

Community Development

District

Proposed Budget
FY 2019

•  •  •  •  •  •  •  •  •  •  •  •  •  •  •

1-4		Table of Contents		
				General Fund		
5-10				General Fund Narrative		
11-13		Assessment Area 1 - Special Assessment Bonds Serles 2018A-'4		
14-16						
		Assessment Area 2- Special Assessment Bonds Series 2018A-1		
17-19						
		Assessment Area 2 - Special Assessment Bonds Series 2018A-2		
20-22		Assessment Area 3 - Special Assessment Bonds Series 2018A-3		

Canopy Community Development District

Proposed General Fund Budget

									Adopted			Proposed		Buildout				
	Description	Budget FY 2018	Budget FY 2019		Budget				
	Revenues					29,760						
	Assessments - Tax Roll (93 Platted Lots}	$		$			$	747,093				
	Assessments - Direct (Administrative Only)	$	87,500	$		105,692	$					
	Developer Contributions	$		$		185,273	$					
	Interest Income	$		$		500	$	2,500				
	Miscellaneous Income (Rentals)	$		$		2,500	$	10,000	I			
	!Total Revenues	$	87,500	$		323,725	$	759,593				
													
	Exeenditure											
	Administrative							12,000				
					Supervisor	Fees	$		$			$					
					FICA	$	12,000	$			$	918				
					Engineering	$		$		12,000	$	6,000				
					Arbitrage	$		$		2,400	$	2,400				
					Dissemination	$	25,000	$		8,000	$	8,000				
					Attomey	$		$		25,000	$	25,000				
					Audit	$		$		5,000	s	7,500				
					Trustee	$	35,000	$		10,000	$	10,000				
					Management	$		$		35,000	$	50,000				
					Information Technology	$	600	$	2,500	s	5,000				
					Travel	$	300	$		250	$	250				
					Telephone	$		$		250	$	250				
					Postage	$	1,000	$		1,500	$	1,500				
					Printing/Binding	$	1,000	$	1,500	$	1,500				
					Insurance-Liability	s	5,800	$	6,000	$	6,000				
					Legal Advertising	$	5,000	$	5,000	$	5,000				
					Other current Charges	$	1,000	$	1,000	$	1,000				
					Office Supplies	s	625	$	1,000	$	1,000				
					Dues	$	175	$	175	$	175	I		
					Total Administrative	$	87,500	$	116,57S	$	143,493			
			Maintenance											
					Common	Area:			$							
					Field Services	$				$	25,000				
					Porter Services	$		$	62,500	$	15,000				
					Landscape Maintenance	$		$		$	125,000				
					Landscape Contingency	$		$	12,500	$	25,000				
					Plant Replacement	$		s	7,500	$	15,000				

Canopy Community Development District

Proposed General Fund Budget

			Adopted		Proposed		
Description	Budget FY 2018	Budget FY 2019		
Common Area - Continued:	$		5,000		
	Irrigation - Repairs		$			
	Irrigation - Water	$	$	10,000		
	Irrigation - Electric	$	$	2,500		
Wetland Maintenance	$	$	3,750		
Wetland Mitigation Reporting	$	$	1,250		
Street Lights	$	$			
	Lake Maintenance	$	$	7,500		
	Repairs and Maintenance	$	$	12,500		
	Operating Supplies	s	$	1,250		
	Road and Sidewalk	$	$			
Trail Maintenance	$	$			
	Signage	$	$			
	Walls - Repair/Oeaning	$	$			
	Fencing	$	$			
	Amenity Center			18,750		
	Amenity	Management Staffing	$	$			
	Pool Attendants	$	$	3,750		
	Janitorial	$	$	3,750		
	Pool Maintenance	$	$	3,750		
	Pool Chemicals	s	$	1,875		
	Pool Permits	$	$	188		
	Pool - Electric	$	$	3,750		
	Pool -Water	$	$	250		
	Telephone	$	$	625		
	Water/Sewer	$	$	1,250		
	Gas	$	$	125		
	Trash	$	$	600		
	Pest Control	$	$	300		
	Termite Bond	$	$	188		
	Insurance - Property	$	$	6,250		
	Cable/Internet	$	$	1,875		
	Access Cards	$	$	625		
	Activities	$	$	3,750		
	Security/ Alarms/Repair	$	$	8,750		
	Repairs and Maintenance	$	$	8,750		
	Office Supplies	$	$	500		
	Holiday Decorations	$	$	1,250		

s

$

$

$
$
$
$s

$
s

$s

$

$

$
$
$
$

$

$

$

$

s$

$

$s

$
$

$

$

s$

$

$

$

Buildout

Budget

10,000

20,000

5,000

7,500

2,500

15,000

25,000

2,500

75,000

15,000

15,000

15,000

7,500

750

15,000

1,000

2,500

5,000

500

2,400

1,200

750

25,000

7,500

2,500

15,000

35,000

35,000

2,000

5,000

Canopy Community Development District
Proposed General Fund Budget

					Adopted			Proposed					Buildout				
	Description	Budget FY 2018		Budget FY 2019					Budget				
		Other	$			$	1,250			$	5,000				
																
		Contingency													
		Capital Reserve (1)	s			$	8,750			$	35,000	!		
	Total Maintenance	$			$	207,150						616,100			
									$				
	Total Expenditures	$	87,500	$	323,725				$		759,593 I		
																-		I		
		Excess Revenues (Expenditures)	$			$						$					
									Current						
															Bulldout					
	Net Assessments				$	320,725			$	747,093				
	Collection Fees (7%)				$	24,141			$	56,233				
	Gross Assessments				$	344,866				$	803,326				
	No of Assessable Units						1,001.50						1,001.50				
	Net Assessment Per Unit				$	320			$	746				
	Gross Assessment Per Unit (Includes 7% Collection Cost)				$	344			$	802				
	Admlnstatlve Assessment :																				
		Administrative Budget'				$	116,575												
		Assessable Units						1001.50											
		Net Assessment Per Unit				$	116.40												
		Assessments - Tax Roll (93 Units)				$	10,825												
		Undeveloped Planned Residential Units (908)				$	105,692												
		Religious Facility (.5)				$	58												
		Total Net Assessments					$	116,575												

(1) capital Reserve amount is subject to change upon further completion of infrastructure supported by professional reserve study or engineer's estimate for annual funding.

canopy Community Development District Assessment Chart

												Total Net	Net Assessments	Net Assessments		
																
			Product Types	No. of Units		%			Assessments		Per Unit		Per Unit		
	Single Family- 20'	58			5.79%	$		18,564.92	$	320		$	344		
	Single Family - 30'	42			4.19%	$		13,443.56	$	320	$	344		
	Single Family - 30' (Attached)	207			20.66%	$		66,2S7.S6	$	320	$	344		
	Single Family - 40'	174			17.37%	$		55,694.76	$	320	$	344		
	Single Family - 40' (Attached}	24			2.40%	$		7,682.04	$	320	$	344		
	Single Family - 50'	212			21.16%	$		67,857.98	$	320	$	344		
	Single Family - 60'	225			22.46%	$		72,019.09	$	320	$	344		
	Single Family - 70'	17			1.70%	$		S,441.44	$	320	$	344		
	Single Family - 80'	42			4.19%	$		13,443.56	$	320	s	344		
	Church	1			0.10%	$	320.08	$	320	s	344		
	Total Units	1,002			100.00%			320,725.00									
						$											
								Assessments Area I									
							O&M				Debt		Total		O&MTotal		
			Product Type	Units													
											994	$	4,801		
	Slngle Family• 40'	15		$	344	$	650	$						
	Single Family - so•	54		$	344	$	750	$	1,094	$	17,285		
	Single Family - 60'	24		$	344	$	850	$	1,194	$	7,682		
	Total Units	93													$	29,768		

4

Canopy
Community Development District

GENERAL FUND BUDGET

REVENUES:

Assessments

The District will levy a non-ad valorem special assessment and on taxable property and unplatted lots within the District to fund general operating and maintenance expenditures for the Fiscal Year.

Developer Contributions

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

Interest Income

Represents estimated interest earnings from cash balances in the District's operating account with Suntrust.

Miscellaneous Income

Income received from rentals and other miscellaneous income.

EXPENDITURES:

Administrative:

Supervisor Fees

The Florida Statutes allows each supervisor to be paid per meeting, for the time devoted to District business and board meetings. The amount is based upon 5 Supervisors attending 6 meetings during the fiscal year.

FICA Expense

Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisor checks.

Engineering

The District's engineer will be providing general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices, etc.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District's Arbitrage Rebate Liability on the new Special Assessment Revenue Bonds.

5

Canopy
Community Development District

GENERAL FUND BUDGET

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b) (5) which relates to additional reporting requirements for unrated bond issues.

Attornev

The District's legal counsel, Hopping, Green & Sams, will be providing general legal services to the District, e.g. attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc.

AnnualAudit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis by an Independent Certified Public Accounting Firm.

Trustee Fees

The District's new Special Assessments Revenue Bonds will be held and administered with a Trustee.

ManagementFees

The District has contracted with Governmental Management Services - Central Florida, LLC to provide Management, Accounting and Recording Secretary Services for the District. The services include, but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financials reporting, annual audits, etc.

InformationTechnology

The District incurs costs related to the District's accounting and information systems, District's website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements.

The Board of Supervisors can be reimbursed for travel expenditures related to the conducting of District business.

Telephone

Telephone and fax machine.

Postage

Mailing of agenda packages, overnight deliveries, checks for vendors, and any other required correspondence, etc.

Printing& Binding

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

6

Canopy
Community Development District
GENERAL FUND BUDGET

Insurance- Liability

Represents the District's general liability, public officials liability and property insurance coverage, which will be provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

LegalAdvertising

Advertising of monthly board meetings, public hearings, and any services that are required to be advertised for public bidding, i.e. audit services, engineering service, maintenance contracts and any other advertising that may be required.

Other CUTTent Charges

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

Office Supplies

The District incurs charges for supplies that need to be purchased during the fiscal year, including copier and printer toner cartridges, paper, file folders, binders, pens, paper clips, and other such office supplies.

Dues, Licenses& Subscriptions

The District Is required to pay an annual fee to the Department of Community Affairs for $175. This is the only expense under this category for the District.

Maintenance (Common Area):

Field Services

The District will contract to provide onsite field management of contracts for District Services such as landscape maintenance. Services to include weekly site inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

PorterServices

The District will incur cost for street sweeping and/or deaning.

LandscapeMaintenance

The District will incur landscape maintenance expenses, which include mowing, edging, string-trimming, annual flower replacements, shrub and palm pruning, weeding, fertilization, pine straw, pest control and irrigation inspections during the fiscal year. Yellowstone Landscape is contracted to provide these services.

landscapeContingency

To record the cost of landscape enhancements as well as any miscellaneous landscape items currently not budgeted or covered in landscape contract.

7

Canopy
Community Development District
GENERAL FUND BUDGET

Plant Replacement

Unscheduled maintenance consists of tree, shrub and other plant material replacements as well as annual bed enhancements

IrrigationRepairs

To record the cost of repairs to the irrigation system and preventative maintenance on the irrigation pump station.

Irrigation-Water

The District incurs cost for water. The District will contract with a utility company to provide this service.

Irrigation- Electric

The District wlll incur cost for electric for irrigation timers.

WetlandMaintenance

The District has a permit obligation to comply with certain conditions for the establishment and maintenance and monitoring of upland/wetland conservation areas.

WetlandMitigationReporting

The cost of quarterly wetland mitigation reports.

Lake Maintenance

The District will contract to provide for the few Stormwater management facilities that the CDD will own and maintain.

Repairsand Maintenance

Cost of repairs and maintenance through out the common area of the District.

Operating Supplies

Purchase of supplies for the District.

Amenity Center:

AmenitvManagementStaffing

Staff cost associated with helping and running the amenity center.

Pool Attendants

The cost to hire and supervise pool attendants used to help with running the amenity center's pool. Account line includes staff hours for the fiscal year, all related benefits, and a contingency for projects and pay increase.

8

Canopy
Community Development District

GENERAL FUND BUDGET

Janitorial

The cost to provide cleaning for amenity center.

Pool Maintenance

The District will contract with a vendor to provide for the maintenance of the Amenity Center swimming pool.

Pool Chemicals

The District will contract with a vendor to provide pool chemicals to maintain the pool.

Pool Permits

Represents Permit Fees paid to the Department of Health for the swimming pool.

PoolElectric

The cost of electric to run the amenity pool.

Pool-Water

The cost of water used for the amenity pool.

Telephone

The cost of phone services for amenity center.

Water/Sewer

The cost of water and sewer associated with amenity center restrooms and irrigation.

The cost associated with providing propane gas services to heat the pool.

The cost of providing garbage disposal services.

Pest Control

This represents pest control of amenity center by contracted vendor.

TermiteBond

This represents cost to maintain termite warranty for the amenity center.

9

Canopy

Community Development District

GENERAL FUND BUDGET

Insurance  Property

The District's Property Insurance policy will contract with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies. The amount budgeted represents the estimated premium for property insurance related to the Amenity Center.

Cable/Internet

The cost of cable and Internet services for amenity center.

Access Cards

Represents the estimated cost for access cards used for entry to the District's Amenity Center.

Activities

Represents estimated costs for the District to host special events for the community throughout the Flscal Year.

Security/Alarms/flepair

The monthly service fee and maintenance costs associated with security alarms/cameras provided by contracted vendor.

Repairs and Maintenance

Represents regular repairs and replacements for District's Amenity Center.

Office Su,mlies

The cost of supplies used by Amenity Center Staff to run the center Includes postage, printer ink, and office supplies.

Holiday Decorations

Estimated cost for installation of holiday lights and decor as well as supplies. Other:

Contingency

To record the cost of any maintenance expenses not properly dassified in any of the other accounts.

Capital Reserve

This amount is subject to change upon further co_mpletion of infrastructure supported by professional reserve study or engineer's estimate for annual funding.

10

Canopy Community Development District

Proposed Debt Service Fund Budget

Assessment Area 1 - Series 2018A-4 Bonds

										Proposed		Proposed				
																
	Description			Budget FY 2018	Budget FY 2019				
		Revenues											
		Assessments		- Tax Roll (Platted Lots)	$		$	65,425				
	Assessments - Direct (Unplatted Lots)	$	42,183	$						
		Bond Proceeds			$		$						
		Interest Income			$		$	250				
	Carry Forward Surplus			$		$	9,471	I		
	!Total Revenues			$	42,183	$		75,146			
																
		Expenditure			$			9,470				
														
		Interest - 11/1					$					
		Principal - 5/1			$		$	30,000				
		Interest- 5/1			$		$	25,069	I		
!Total	Expenditures			$		$	64,539			
	I Excess Revenues			$	42} 183	$		10,606 I		
		Excess Revenues	$	42,183	Interest - 11/1	$	24,281				
		less: Debt Service Reserve	-- -'------									
			$	{32,713)									
		Carry Forward Surplus	$	9,471									
							==========									

11

Jul 20, 2018 12:58 pm Prepared by DBC Finance	(Finance 8.000 Canopy:2018A)  Page 19

BOND DEBT SERVICE

Canopy Community Development District

Special Assesment Bonds, Series 201 BA-4

Period	Principal	Coupon		Debt Service	Annual		
Ending			Interest		Debt Service		
							
11/01/2018			9,470.42	9,470.42			
0S/01/2019	30,000	5.250%	25,068.75	55,068.75	64,539.17		
11/01/2019			24,281.25	24,281.25			
05/01/2020	15,000	5.250%	24,28115	39,281.25	63,562.50		
11/01/2020			23,887.50	23,887.50			
05/01/2021	15,000	5.250%	23,887.50	38,887.50	62,775.00		
ll/01/2021			23,493.75	23,493.75			
05/01/2022	15,000	5.250%	23,493.75	38,493.75	61,987.50		
11/01/2022			23,100.00	23,100.00			
05/01/2023	15,000	5.250%	23,100.00	38,100.00	61,200.00		
11/01/2023			22,706.25	22,706.25			
05/01/2024	15,000	5.250%	22,706.25	37,706.25	60,412.50		
11/01/2024			22,312.50	22,312.50			
05/01/2025	20,000	5.250%	22,312.50	42,312.50	64,625.00		
11/01/2025			21,787.50	21,787.50			
05/01/2026	20,000	5.250%	21,787.50	41,787.50	63,575.00		
11/01/2026			21,262.50	21,262.50			
05/01/2027	20,000	5.250%	21,262.50	41,262.50	62,5_25.00		
11/01/2027			20,737.50	20,737.50			
05/01/2028	20,000	5.250%	20,737.50	40,737.50	61,475.00		
11/01/2028			20,212.50	20,212.50			
05/01/2029	25,000	5.250%	20,212.50	45,212.50	65,425.00		
J 1/01/2029			19,556.25	19,556.25			
05/01/2030	25,000	5.250%	19,556.25	44,556.25	64.112.50		
11/01/2030			18,900.00	18,900.00			
05/01/2031	25,000	5.250%	18,900.00	43,900.00	62,800.00		
11/01/2031			18,243.75	18,243.75			
05/01/2032	25,000	5.250%	18,243.75	43,243.75	61,487.50		
11/01/2032			17,587.50	17,587.50			
05/01/2033	30,000	5.250%	17,587.50	47,587.50	65,175.00		
I 1/01/2033			16,800.00	16,800.00			
05/01/2034	30,000	5.250%	16,800.00	46,800.00	63,600.00		
11/01/2034			16,012.50	16,012.50			
05/01/2035	30,000	5.250%	16,012.50	46,012.50	62,025.00		
11/01/2035			15,225.00	15,225.00			
05/01/2036	30.000	5.250%	15,225.00	45,225.00	60,450.00		
11/01/2036			14,437.50	14,437.50			
05/01/2037	35,000	5.250%	14,437.50	49,437.50	63,875.00		
11/01/2037		5.250%	13,518.75	13,518.75			
05/01/2038	35,000		13,518.75	48,518.75	62,037.50		
l l/01/2038			12,600.00	12,600.00			
05/01/2039	40,000	5.250%	12,600.00	52,600.00	65,200.00		
11/01/2039			11,550.00	11,550.00			
05/01/2040	40,000	5.250%	11,550.00	51,550.00	63,100.00		
11/01/2040			10,500.00	10,500.00			
05/01/2041	40,000	5.250%	10,500.00	50,500.00	61,000.00		
11/01/2041			9,450.00	9,450.00			
05/01/2042	45,000	5.250%	9,450.00	54,450.00	63,900.00		
11/01/2042			8,268.75	8,268.75			
05/01/2043	45,000	5.250%	8,268.75	53,268.75	61,537.50		
l 1/01/2043			7,087.50	7,087.50			
05/01/2044	50,000	5.250%	7,087.50	57,087.50	64,175.00		
11/01/2044			5,775.00	5,775.00			
05/01/2045	50,000	5.250%	5,775.00	55,775.00	61,550.00		
11/01/2045			4,462.50	4,462.50			

12

Jul 20, 2018 12:58 pm Prepared by DBC Finance	(Finance 8.000 Canopy:2018A) Page 20

		BOND DEBT SERVICE				
		Canopy Community Development District			
		Special Assesment Bonds, Series 2018A-4			
Period			Interest	Debt Service	Annual		
Ending	Principal	Coupon			Debt Service		
05/01/2046	55,000	5.250%	4,462.50	59,462.50	63,925.00		
11/01/2046			3,018.75	3,018.75			
05/01/2047	55,000	5.250%	3,018.75	58,018.75	61,037.50		
11/01/2047			1,575.00	1,575.00			
05/01/2048	60,000	5.250%	1,575.00	61,575.00	63,150.00		
							
	955,000		931,239.17	1,886,239.17	1,886,239.17		

13

Canopy Community Development District

Proposed Debt Service Fund Budget

Assessment Area 2 - Series 2018A-1 Bonds

											Proposed		Proposed				
																	
		Description				Budget FY 2018	Budget FY 2019				
		Revenues												
		Assessments		- Tax Roll (Platted lots)	$		$						
	Assessments - Direct (Unplatted Lots)	$	107,593	$	203,045				
		Bond Proceeds			$		$						
		Interest Income			$		$	250				
		Carry Forward Surplus			$	107,593	$	25,521	I		
!Total Revenues			$		$	228,816			
																	
			Expenditure								25,521				
			Interest - 11/1			$		$					
			Principal - 5/1			$		$	70,000				
			Interest - 5/1				$		$	67,555	I		
	!Total Expenditures			$		$	163,076			
													
	I Excess Revenues			$	107,593	$		Gs,1401			
			Excess Revenues	$	107,593	Interest - 11/1	$	65,490				
			Less: Debt Service Reserve	$											
			Carry Forward Surplus	...,....._...(82,073)._										
				$	25,521										
							=====										

14

Jul 20, 2018 12:58 pm Prepared by DBC Finance	(Finance 8.000 Canopy:2018A)  Page 13

BOND DEBT SERVICE

Canopy Community Development District

Special Assesmcnt Bonds, Series 2018A-1

Period		Coupon	Interest	Debt Service	Annual		
Ending	Principal				Debt Service		
								
11/01/2018			25,520.78	25,520.78				
05/01/2019	70,000	5.900%	67,55S.OO	137,555.00	163,075.78		
11/01/2019			65,490.00	65,490.00				
05/01/2020	30,000	5.900%	65,490.00	95,490.00	160,980.00		
11/01/2020			64,605.00	64,605.00				
05/01/202]	30,000	5.900%	64,605.00	94,605.00	159,210.00		
11/01/2021			63,720.00	63,720.00				
05/01/2022	35,000	5.900%	63,720.00	98,720.00	162,440.00		
11/01/2022			62,687.50	62,687.50				
05/01/2023	35,000	5.900%	62,68750	97,687.50	160,375.00		
11/01/2023			61,655.00	61,655.00				
05/01/2024	40,000	5.900%	61,655.00	101,655.00	163,310.00		
11/01/2024			60,475.00	60,475.00				
05/01/2025	40,000	5.900%	60,475.00	100,475.00	160,950.00		
11/01/2025			59,295.00	59,295.00				
05/01/2026	45,000	5.900%	59,295.00	104,295.00	163,590.00		
I 1/01/2026			57,967.50	57,967.SO				
05/01/2027	45,000	5.900%	57,967.50	102,967.50	160,935.00		
11/01/2027			56,640.00	56,640.00				
05/01/2028	50,000	5.900%	56,640.00	106,640.00	163,280.00		
11/01/2028			55,165.00	55,165.00				
05/01/2029	50,000	5.900%	55,165.00	105,165.00	160,330.00		
11/01/2029			53,690.00	53,690.00				
05/01/2030	55,000	5.900%	53,690.00	108,690.00	162,380.00		
11/01/2030			52,067.50	52,067.50				
05/01/2031	60,000	5.900%	52,067.50	112,067.50	164,135.00		
11/01/2031			50,297.50	50,297.50				
05/01/2032	60,000	5.900%	50,297.50	I 10,297.50	160,595.00		
11/01/2032			48,527.50	48,527.50				
05/01/2033	65,000	5.900%	48,527.50	113,527.50	162,055.00		
I 1/01/2033			46,610.00	46,610.00				
05/01/2034	70,000	5.900%	46,610.00	116,610.00	163,220.00		
11/01/2034			44,545.00	44,545.00				
05/01/2035	75,000	5.900%	44,545.00	I 19,545.00	164,090.00		
11/01/2035			42,332.50	42,332.50				
05/01/2036	75,000	5.900%	42,332.50	117,332.50	159,665.00		
11/01/2036			40,120.00	40,120.00				
05/01/2037	80,000	5.900%	40,120.00	120,120.00	160,240.00		
I 1/01/2037			37,760.00	37,760.00				
05/01/2038	85,000	5.900%	37,760.00	122,760.00	160,520.00		
11/01/2038			35,252.50	35,252.50				
05/01/2039	90,000	5.900%	35,252.50	125,252.SO	160,505.00		
11/01/2039			32,597.50	32,597.50				
05/01/2040	95,000	5.900%	32,597.50	127,597.50	160,195.00		
11/01/2040			29,795.00	29,795.00				
05/01/2041	100,000	5.900%	29,795.00	129,795.00	159,590.00		
11/01/2041			26,845.00	26,845.00				
05/01/2042	110,000	5.900%	26,845.00	136,845.00	163,690.00		
11/01/2042			23,600.00	23,600.00				
05/01/2043	l 15,000	5.900%	23,600.00	138,600.00	162,200.00		
11/01/2043			20,207.50	20,207.50				
05/01/2044	120,000	5.900%	20,207.50	140,207.50	160,415.00		
I 1/01/2044			16,667.50	16,667.50				
05/01/2045	130,000	5.900%	16,667.50	146,667.50	163.335.00		
I 1/01/2045			12,832.50	12,832.50				

15

Jul 20, 2018 12:58 pm Prepared by DBC Finance	(Finance 8.000 Canopy:2018A)  Page 14

BOND DEBT SERVICE

Canopy Community Development District

Special AssesmentBonds, Series2018A-l

Period						Annual		
Ending	Principal	Coupon	Interest	Debt Service	Debt Service		
05/01/2046	135,000	5.900%	12,832.50	147,832.50	160,665.00		
11/01/2046				8,850.00	8,850.00			
05/01/2047	145,000	5.900%	8,850.00	153,850.00	162,700.00		
11/01/2047				4,572.50	4,572.50			
05/01/2048	155,000	5.900%	4,572.50	159,572.50	164,145.00		
				2,562,815.78				
	2,290,000			4,852,815.78	4,852,815.78		

16

Canopy Community Development District

Proposed Debt Service Fund Budget

Assessment Area 2 - Series 2018A-2 Bonds

													Proposed		Proposed		
		Description						Budget FY 2018	Budget FY 2019		
		Revenues													
		Assessments		- Tax Roll (Platted Lots}	$		$					
	Assessments - Direct {Unplatted Lots)	$		$	319,485			
		Bond Proceeds						$	264,682	$					
		Interest Income						$		$	250			
		Carry Forward Surplus						$		$	60,347			
																3so,os21		
!Total Revenues						$	264,682	$				
																			
		Expenditure						$		$					
																	
		Interest - 11/1									60,347			
		Principal - 5/1						$		$					
		Interest - 5/1						$		$	159,743			
	!Total Expenditures						$		$	220,0901		
															
I Excess Revenues						$	264,682	$		1s9,993 1		
		Excess Revenues	$	264,682			Interest - 11/1	$	159,743			
		Less: Debt Service Reserve	$	{204,335)								
		Carry Fo ard  Surplus	$	60,347										

17

Jul 20, 2018 12:58 pm Prepared by DBC Finance	(Finance 8.000 Canopy:2018A)  Page 15

BOND DEBT SERVICE

Canopy Community Development District

Special Assesment Bonds, Series 20 I &A-2

Period			Interest	Debt Service	Annual		
Ending	Principal	Coupon			Debt Service		
								
11/01/2018			60,347.17	60,347.17				
05/01/2019			159,742.50	159,742.50	220,089.67		
11/01/2019			159,742.50	159,742.50				
05/01/2020			159,742.50	159,742.50	319,485.00		
11/01/2020			159,742.50	159,742.50				
05/01/2021			159,742.50	159,742.50	319,485.00		
H/01/2021			159,742.50	159,742.50				
OS/01/2022	85,000	5.900%	159,742.50	244,742.50	404,485.00		
11/01/2022			157,235.00	157,235.00				
05/01/2023	90,000	5.900%	157,235.00	247,235.00	404,470.00		
11/01/2023			154,580.00	154,580.00				
05/01/2024	95,000	5.900%	154,580.00	249,580.00	404,160.00		
I 1/01/2024			151,777.50	151,777.50				
05/01/2025	105,000	5.900%	151,777.50	256,777.50	408,555.00		
11/01/2025			148,680.00	148,680.00				
OS/01/2026	110,000	5.900%	148,680.00	258,680.00	407,360.00		
11/01/2026			145,435.00	145,435.00				
05/01/2027	115,000	5.900%	145,435.00	260,435.00	405,870.00		
11/01/2027			142,042.50	142,042.50				
05/01/2028	120,000	5.900%	142,042.50	262,042.50	404,085.00		
11/01/2028			138,502.50	138,502.50				
0S/01/2029	130,000	5.900%	138,502.50	268,502.50	407,005.00		
11/01/2029			134,667.50	134,667.50				
05/01/2030	135,000	5.900%	134,667.50	269,667.50	404,335.00		
11/01/2030			130,685.00	130,685.00				
05/01/2031	145,000	5.900%	130,685.00	275,685.00	406,370.00		
11/01/2031			126,407.50	126,407.50				
05/01/2032	155,000	5.900%	126,407.50	281,407.50	407,815.00		
11/01/2032			121,835.00	121,835.00				
05/01/2033	165,000	5.900%	121,835.00	286,835.00	408,670.00		
11/01/2033			116,967.50	116,967.50				
05/01/2034	170,000	5.900%	I 16,967.50	286,967.50	403,935.00		
11/01/2034			111,952.50	I I 1,952.50				
05/01/2035	180,000	5.900%	111,952.50	291,952.50	403,905.00		
11/01/2035			106,642.50	106,642.50				
05/01/2036	195,000	5.900%	106,642.50	301,642.50	408,285.00		
11/01/2036			100,890.00	100,890.00				
OS/01/2037	205,000	5.900%	100,890.00	305,890.00	406,780.00		
11/01/2037	215,000	5.900%	94,842.50	94,842.50	404,685.00		
05/0)/2038			94,842.50	309,842.50			
11/01/2038			88,500.00	88,500.00				
05/01/2039	230,000	5.900%	88,500.00	318,500.00	407,000.00		
11/01/2039			81,715.00	81,715.00				
05/01/2040	240,000	5.900%	81,715.00	321,715.00	403,430.00		
11/01/2040			74,635.00	74,635.00				
05/01/2041	255,000	5.900%	74,635.00	329,635.00	404,270.00		
11/01/2041			67,112.50	67,112.50				
05/01/2042	270,000	5.900%	67,J 12.50	337,112.50	404,225.00		
11/01/2042			59,147.50	59,147.50				
05/01/2043	290,000	5.900%	59,147.50	349,147.50	408,295.00		
11/01/2043			50,592.50	50,592.50				
OS/01/2044	305,000	5.900%	50,592.50	355,592.50	406,185.00		
11/01/2044			41,595.00	41,595.00				
OS/01/2045	325,000	5.900%	41,595.00	366,595.00	408,190.00		
11/01/2045			32,007.50	32,007.50				

18

Jul 20, 2018 12:58 pm Prepared by DBC Finance	(Finance 8.000 Canopy:2018A)  Page 16

BOND DEBT SERVICE

Canopy Community Development District

Special Assesment Bonds, Series 2018A-2

Period	Principal	Coupon	Interest	Debt Service	Annual		
Ending					Debt Service		
								
05/01/2046	340,000	5.900%	32,007.50	372,007.50	404,015.00		
ll/01/2046			21,977.50	21,977.50			
05/01/2047	360,000	5.900%	21,977.50	381,977.50	403,955.00		
11/01/2047			11,357.50	I 1,357.50			
05/01/2048	385,000	5.900%	I 1,357.50	396,357.50	407,715.00		
								
	5,415,000		6,402,109.67	11,817,109.67	11,817,109.67		

19

Canopy Community Development District

Proposed Debt Service Fund Budget

Assessment Area 3 - Series 2018A-3 Bonds

													Proposed		Proposed				
	Description							Budget FY 2018	Budget FY 2019				
	Revenues									$					
	Assessments		- Tax Roll (Platted lots)	$							
	Assessments - Direct (Unplatted lots}	$		$	304,735				
	Bond Proceeds						$	252,369	$					
	Interest Income						$		$	250				
	Carry Forward Surplus						$		$	57,561				
!Total Revenues						$	252,369	$	362,546	I		
																		
	Expenditure						$			57,561				
																	
	Interest - 11/1								$					
	Principal - 5/1						$		$					
	Interest - 5/1						$		$	152,368	I		
!Total Expenditures							$		$	209,929			
													252,369			I			
	!Excess Revenues						$		$	152,617				
														
	Excess Revenues	$	252,369			Interest - 11/1	$	152,368				
	Less: Debt Service Reserve	$	(194,808)									
	Carry Forward Surplus		$	57,561											

20

Jul 20, 2018 12:58 pm Prepared by DBC Finance	(Finance 8.000 Canopy:2018A) Page 17

BOND DEBT SERVICE

Canopy Community Development District

Special Assesment Bonds, Series 2018A-3

Period					Annual		
Ending	Principal	Coupon	Interest	Debt Service	Debt Service		
								
11/01/2018			57,561.06	57,561.06				
05/01/2019			152,367.50	152,367.50	209,928.56			
11/01/2019			152,367.50	152,367.50				
05/01/2020			152,367.50	152,367.50	304,735.00			
11/01/2020			152,367.50	152,367.50				
05/01/2021			152,367.50	152,367.50	304,735.00			
11/01/2021		5.900%	152,367.50	152,367.50				
05/01/2022	80,000		152,367.50	232,367.50	384,735.00			
11/01/2022			150,007.50	150,007.50				
05/0)/2023	85,000	5.900%	150,007.50	235,007.50	385,015.00			
11/01/2023			147,500.00	147,500.00				
05/0)/1024	90,000	5.9000/4	147,500.00	237,500.00	385,000.00			
11/01/2024			144,845.00	144,845.00				
05/01/2025	95,000	5.900%	144,845.00	239,845.00	384,690.00			
11/01/2025			142,042.50	142,042.50				
05/01/2026	105,000	5.900%	142,042.50	247,042.50	389,085.00			
11/01/2026			138,945.00	138,945.00				
05/01/2027	1 I0,000	5.900%	138,945.00	248,945.00	387,890.00			
11/01/2027		5.900%	135,700.00	135,700.00				
05/01/2028	115,000		135,700.00	250,700.00	386,400.00		
11/01/2028			132,307.50	132,307.50				
05/0)/2029	125,000	5.9000/4	132,307.50	257,307.50	389,615.00		
11/01/2029			128,620.00	128,620.00				
05/01/2030	130,000	5.900%	128,620.00	258,620.00	387,240.00		
11/01/2030			124,785.00	124,785.00				
05/01/2031	140,000	5.9000/4	124,785.00	264,785.00	389,570.00		
11/01/2031			120,655.00	120,655.00				
05/01/2032	145,000	5.900%	120,655.00	265,655.00	386,310.00		
l l/01/2032			116,377.50	116,377.50				
05/01/2033	155,000	5.900%	116,377.50	271,377.50	387,755.00		
l l/01/2033			111,805.00	111,805.00				
05/01/2034	165,000	5.900%	111,805.00	276,805.00	388,610.00		
11/01/2034			106,937.50	106,937.50				
05/0)/2035	175,000	5.9000/o	106,937.50	281,937.50	388,875.00		
11/01/2035			101,775.00	101)75.00				
05/01/2036	185,000	5.900%	101,775.00	286,775.00	388,550.00		
11/01/2036			96,317.50	96,317.50				
05/01/2037	195,000	5.900%	96,317.50	291,317.50	387,635.00		
I 1/01/2037			90,565.00	90,565.00				
05/01/2038	205,000	5.9000/o	90,565.00	295,565.00	386,130.00		
11/01/2038			84,517.50	84,517.50				
05/01/2039	220,000	5.900%	84,517.50	304,517.50	389,035.00		
11/01/2039			78,027.50	78,027.50				
05/01/2040	230,000	5.900%	78,027.50	308,027.50	386,055.00		
11/01/2040			71,242.50	71,242.50				
05/01/2041	245,000	5.900%	71,242.50	316,242.50	387,485.00		
11/01/2041			64,015.00	64,015.00				
05/01/2042	260,000	5.900%	64,015.00	324,015.00	388,030.00		
11/01/2042			56,345.00	56,345.00				
05/01/2043	275,000	5.900%	56,345.00	331,345.00	387,690.00		
11/01/2043		5.900%	48,232.50	48,232.50				
05/01/2044	290,000		48,232.50	338,232.50	386,465.00		
11/01/2044			39,677.50	39,677.50				
05/01/2045	310,000	5.900%	39,677.50	349,677.50	389,355.00		
l l/01/2045			30,532.50	30,532.50				

21

Jul 20, 2018 12:58 pm Prepared by DBC Finance	(Finance 8.000 Canopy:2018A)  Page 18

BOND DEBT SERVICE

Canopy Community Development District

Special Assesment Bonds, Series 2018A-3

Period					Debt Service	Annual		
Ending	Principal	Coupon	Interest		Debt Service		
05/01/2046	325,000	5.900%	30,532.50	355,532.50	386,065.00		
11/01/2046				20,945.00	20,945.00			
05/01/2047	345,000	5.900%	20,945.00	365,945.00	386,890.00		
l 1/01/2047				10,767.50	10,767.50			
05/01/2048	365,000	5.900%	10,767.50	375,767.50	386,535.00		
								
	5,165,000		.111,IOS.56	11,276,108.56	l l,276,108.56		

22

SECTION B

SECTION 1

ENGINEER'S REPORT

FOR

CANOPY COMMUNITY DEVELOPMENT DISTRICT

August 2017

CANOPY

- -   A Community with Deep Roots -

Prepared By:
GPI

Greenman-Pedersen, Inc.

1590 Village Square Blvd

Tallahassee, FL 32309

TABLE OF CONTENTS

I.  INTRODUCTION	3

A.  Description of the Canopy Development	3

B.  Authorization	4

C.  Purpose and Scope	4

D. The Canopy Community Development District	4

II. DISTRICT BOUNDARY	5

A.  Property Boundary	5

B.  Description of Property Served	6

C.  Existing Conditions	6

Ill. PROPOSED DISTRICT INFRASTRUCTURE	7

A.  Summary of the Proposed District Infrastructure	7

B.  On-Site Roadway Improvements	8

C.  Utility Improvements	9

D.  Drainage and Stormwater Management System	10

E.  Parks, Open Space, and Right of Way Improvements	11

F.  Recreational Improvements/ Amenities	11

G.  Wetland Mitigation	12

IV. OPINION OF PROBABLE CONSTRUCTION COSTS	12

V. OWNERSHIP AND MAINTENANCE AUTHORITY	13

VI. REPORT MODIFICATION	13

VII.ENGINEER'S CONCLUSION AND CERTIFICATION	14

APPENDIX A - Boundary Sketch & Legal Description	15

APPENDIX B - Land Use Map and Concept Plan	28

APPENDIX C - Vehicular Circulation Plan	31

APPENDIX D - Concept Utility Plan	33

APPENDIX E - Concept Stormwater Plan	35

Page I 2

I.	INTRODUCTION

A.	Description of the Canopy Development

The subject project, known as "Canopy", is located at the southwestern tip of the Welaunee Plantation within the City of Tallahassee (City), Leon County, FL. The project site is bordered to the west by Fleischmann Road and Fleischmann Lane, to the North by Centerville Road, to the South by the Miccosukee Greenway, and to the east by property owned by the City. The total acreage of the project is 505.7 acres and consists of two parcels (11-14-20-405-0000 and 11-15-20-405-0000) located within Sections 14 and 15, Township 01 North, and Range 01 East.

The project lies within the Canopy Planned Unit Development (PUD) and proposes to create new lots to serve several uses. The subdivision of land includes single family residential lots, commercial lots, and multi-family residential lots. This project also proposes to dedicate multiple areas of road Right of Way to the City and the Canopy Community Development District (the "District"). The District includes property outside of the lands planned for commercial uses, and primarily includes single family residential lots and the infrastructure or amenities required to serve the single family residential lots.

Residential Uses

The approved development program for Canopy provides for 1,417 dwelling units, including 520 multi-family residential units.

Employment Center and Neighborhood Center non-residential uses

A total of 97,927 gross square feet (gsf) of office and 65,000 of retail uses are approved for the Employment Center and Neighborhood Center non-residential uses. The allowable range of retail uses within the Employment or Neighborhood Center is established at 15% to 50% with the allowable range of office uses established at 50% to 85%.

Institutional Uses
Institutional Uses are allowed in all Land Use Districts, of which 100,000 gsf are allocated to an elementary school; 15,000 gsf are allocated to a fire station (or other public safety/civic facility); 60,000 gsf are allocated to a senior citizens' activity center; and the remainder 160,000 gsf are allocated for use throughout the development for Institutional Uses as defined below. In addition to the above, a 180 bed assisted living facility, a 120 bed rehabilitation center, and a 70 bed adult care / memory care unit are allowed. The term "Institutional Use" utilized in this PUD includes Educational Use, School Use, Community Use and Institutional Use, all of which are grouped together in the CAP document and treated as a single land use category. A specific description of Institutional Uses is provided within the PUD.

Page I 3

TABLE 1

LAND USE SUMMARY FOR CANOPY PUD

	Type of Use		Acreage	% of Total	
							
	Employment Center/Neighborhood Center		25.0	4.9	
	Low/Medium Density Residential	94.5		18.7	
	Medium/High Density Residential	145.0		28.7	
	High Density/Multi-Family Residential	54.0	10.7	
	Primary Open Space (Including Stormwater Area)	143.6		28.4	
	Stormwater Detention Area	43.6	8.6	
Total	505.7 AC	100%	

B.	Authorization

Greenman-Pedersen, Inc., hereinafter referred to as the "Engineer", prepared this Engineer's Report pursuant to the authorization of the Board of Supervisors of the Canopy Community Development District (District).

C.	Purpose and Scope

The purpose of this Report is to present the nature, extent, an estimated cost, and benefits associated with implementing the infrastructure needed to serve the District. In addition, this Report presents a narrative description of the major components included within the District's infrastructure system. It is anticipated that the financing mechanism is expected to be in the form of one or more series of bonds to be issued by the District. The financing and assessment methodology has been developed by the District's financial advisor.

This Report is intended to generally describe the improvements, the estimated costs, and benefits associated with implementing the improvements and recommendations. This Report is not intended to be used for an exact representation of the required improvements, or for construction purposes since detailed construction plans and specifications for the all of the proposed improvements have not been completed. It should be noted that these plans may be modified, even after initial approval, with the District's knowledge and consent.

The Engineer has considered and, in certain instances, relied upon opinions, information, and documentation prepared or supplied by others, which may have included public officials, public entities, the Developer, engineering professionals, general contractors, and surveyors.

D.	The Canopy Community Development District

The District is designed to provide community infrastructure, services, and facilities along with operation and maintenance of such facilities and services to the lands within the District. The District will encompass approximately 424 acres of the total 505.7 acres of the project. The 81 acres which are planned to accommodate the Employment Centers, Neighborhood Center, multi-family residential, and institutional uses within the project are not included in the District.

Page I 4

The Development plan for the proposed lands within the District includes approximately 900 single family residential units to be constructed in approximately seven phases. Such uses are authorized for inclusion within the District. A Community Development District ("CDD") is an independent unit of special purpose local government authorized by Chapter 190, Florida Statutes, to plan, finance, construct, operate and maintain community-wide infrastructure in planned community developments. CDD's provide a "solution to the state's planning, management and financing needs for delivery of capital infrastructure to service projected growth without overburdening other governments and their taxpayers." Section 190.002(1)(a), Florida Statutes.

A CDD is not	a substitute for the local, general purpose, government unit, e.g., the City/County	
in which the	CDD lies.	A CDD does not have the permitting, zoning or general police powers	
possessed by general	purpose governments.  A CDD is an  alternative means of financing,	
constructing, operating, and maintaining community infrastructure for planned developments, such as the Canopy.

II.	DISTRICT BOUNDARY

A.	Property Boundary

The project site is bordered to the West by Fleischmann Road and Fleischmann Lane, to the North by Centerville Road, to the South by the Miccosukee Greenway, and to the East by property owned by the City. The total acreage of the site is 505.7 acres and consists of two parcels (11-14-20-405-0000 and 11-15-20-405-0000) located within Sections 14 and 15, Township 01 North, and Range 01 East.

PARCEL A
Ol' 80170II -ll);I«
ttot.lllN(;S.I.LC
(Ui'. . . . . .WIJ7 1 " - " ACIHt'
( 1 " " " " " 0

Figure 1 - Location Map

Page I 5

Figure 2 - Aerial Photography of Property

8.	Description of Property Served

The District is located within Sections 14 and 15, Township 01 North, and Range 01 East in Leon County, Florida. Historically, the property has been used for agriculture and silviculture purposes with no existing infrastructure on site. The site is currently vegetated with a combination of upland and wetland features, comprised of varying degrees of native and exotic vegetation.

C.	Existing Conditions

Infrastructure
There is no existing water, sewer, or roadway infrastructure within the District boundary. These facilities will be provided by extending the City infrastructure from Fleischmann Road, Centerville Road, and Miccosukee Road into the site.

Topography
In general the topography can be described as gentle rolling hills with minimal to moderate slopes. Some significant and severe slopes occur on site and will be impacted or preserved accordingly.

D.	Entitlements

Ox Bottom Mortgage Holdings, LLC is master developer and is currently the owner of all lands within the District. The project has obtained approval of a Comprehensive Plan amendment (the Critical Area Plan, or CAP} as well as an approved PUD. The project has an executed FS Cha pt 163 Development Agreement between the City of Tallahassee and Developer. These documents provide for the development of: 1,417 residential dwelling units (520 of which are multi-family

Page I 6

units); 65,000 sf of retail which specifically includes 50,000 sf of shopping center and 15,000 sf of high-turnover sit down restaurants; 97,927 sf of office which specifically includes 47,927 sf of general office and 50,000 sf of medical office; 100,000 sf elementary school; 60,000 sf senior citizens activity center; a 180 bed adult living facility; a 120 bed rehabilitation facility; a 70 bed adult care/ memory unit; and a 15,000 sf public safety/ civic facility. Modifications to this specific development program are allowed and the process by which to modify the program are outlined in the Development Agreement.

The portion of the property which naturally drains to Dove Pond cannot be developed until the Dove Pond Dam is constructed and accepted.

The City of Tallahassee and Leon County have both agreed to participate in the costs of certain infrastructure, specifically the construction of Welaunee Boulevard east of Crestline Road and Dove Pond Dam.

Prior to developing individual lots or parcels, all public infrastructure that is required to provide access, drainage and utility service to that parcel is required to be permitted and constructed.

Ill.	PROPOSED DISTRICT INFRASTRUCTURE

A.	Summary of the Proposed District Infrastructure

Various facilities and services may be provided by the proposed District. It is anticipated that the master stormwater management system; sewer and water systems; onsite roadway improvements; parks, open space and right of way improvements; recreational improvements; Dove Pond Stormwater Management Facility; and wetland mitigation will be financed by the District.

The capital improvements described in this Report represent the present intentions of the Developer and the District. The implementation of the improvements discussed in this Report requires the final approval by numerous local, state and federal regulatory and permitting agencies. The actual improvements may vary from the improvements proposed in this Report. Cost estimates contained in this Report have been prepared based upon the best available information at the time. The actual cost of construction, final engineering design, planning, approvals and permitting may vary from the cost estimates presented.

B.	On-Site Roadway Improvements

Welaunee Boulevard
Welaunee Boulevard, a principal arterial roadway, will extend through the Project connecting at Fleischmann Road, extending to the east project boundary north of Dove Pond. The width of the right-of-way for Welaunee Boulevard shall be a minimum of 120 feet. The general design for Welaunee Boulevard will be four through lanes and will provide for a raised median, landscaping, curb and gutter, bicycle facilities, and sidewalks/multi-use paths.

Page I 7

Roadway Access and TDM Strategies

Primary access to the Project will include the extension of Welaunee Boulevard into the Project from Fleischmann Road. A single roadway connection is proposed to Centerville Road at Hickory Ridge Road via an extension of Dempsey Mayo Road through the project. One roadway connection to Miccosukee Road is located at Dempsey Mayo Road. The proposed connection location to Miccosukee Road coincides with the existing utility corridor location established by the City of Tallahassee for the installation of the underground electrical transmission line through the Project area. A system of collector and local streets, will connect with Welaunee Boulevard constituting the primary transportation system within the project. Transportation Demand Management (TDM) strategies will be implemented, as appropriate, to reduce single-occupancy vehicle trips. Such strategies may include, but are not limited to, alternative work schedules, transportation allowances (car pool and van pool programs), guaranteed ride home programs, telecommuting, transit supportive facilities (bus stops, shelters, etc.), and additional bicycle and pedestrian facilities and equipment.

Dempsey Mayo Road will form a north/south connection through the project. This connection will afford both residents and nonresidents alike the opportunity for access to employment, shopping, and dining opportunities within the Employment and Neighborhood Centers. Crestline Road will form an east/west connection through the project providing residents a transportation alternative to Welaunee Boulevard which may be utilized to traverse the proposed development.

Lanes
As part of the Canopy Project, small neighborhoods of single family homes will be created adjacent to green areas that will serve as amenities to the neighborhoods. The single family detached homes will front on the green areas with the only vehicular access via lanes behind the homes. The lanes, which shall be owned and maintained by the CDD, will be public lanes for the purposes of building permitting and home addressing.

Alleys
CDD maintained alley cross sections supporting the pedestrian/bicycle friendly characteristics of this Project are will be provided.

lot Access Criteria
Legal access to residential lots in Canopy may be accomplished by any combination of the following:
1.	Frontage on a publicly dedicated street with a driveway accessing the publicly dedicated street or as an alternate vehicular access may be provided by a rear alley owned and maintained by the CDD, or

2.	Frontage on a publicly dedicated lane with a driveway accessing the publicly dedicated lane which will be maintained by the CDD.

Double frontage lots will be restricted to one driveway per lot.

Sidewalk, Bike and Pedestrian Network
A system of recreational and alternative multi-use paths, sidewalks, on-street bicycle lanes providing bicycle and pedestrian access to the Primary Open Space system and access to the

Page I 8

Miccosukee Canopy Road Greenway will be provided. Sidewalks are provided on both sides of the arterial and collector roadways. Sidewalks will be provided on at least one side of local streets in residential low-density and residential estate areas of Canopy. A minimum 10' paved multi-use path may be provided in lieu of a sidewalk and/or bicycle lanes.

Roadway Network
Neighborhoods are interconnected with each other as well as with the Employment and Neighborhood Centers. The roadway network will:

1.	Promote and enhance a livable community pattern, including a mixed use and pedestrian environment;
2.	Protect the adjacent canopy roads by relieving traffic pressure;

3.	Enhance the scale and pedestrian accessibility of the Employment and Neighborhood Centers; and,
4.	Provide adequate roadway capacity to serve the development.

	C.     Utility Improvements

Potable water distribution and sanitary sewer collection service to the District will be provided by The City of Tallahassee. Potable water for the community will be provided via connection to an existing 12" water main located along Fleischmann Boulevard, a 10" water main along Centerville Road, and an 8" main along Miccosukee Road.

This system will be constructed to provide adequate facilities for the development at build-out. The water main within platted right-of-ways and/or utility easements will be dedicated and turned over to the City of Tallahassee following an inspection, certification and warranty process. The potable water facilities will include both transmission and distribution lines along with necessary valves, fire hydrants, water services and facilities such as backflow preventers and air release valves.

The wastewater facilities serving the project will include gravity sewer mains with individual lot sewer services, a master sewer pump station, and a force main with connection to the existing City of Tallahassee wastewater collection system in Centerville Road. All force main, gravity sewer, and pump station infrastructure will be located within platted rights-of-way and/or utility easements, and will be dedicated and turned over to the City of Tallahassee following an inspection, certification and warranty process.

A 50' Florida Gas Transmission (FGT) Easement traverses the project site which contains a 24" gas transmission main. All proposed crossings will be permitted with FGT and subject to restrictions set forth in the easement agreement.

All dry utilities (power, telephone, cable, etc.) will be provided within platted rights-of-way and/or utility easements.

Page I 9

D.	Drainage and Stormwater Management System

Treatment Standards

The Stormwater Management Facilities will be designed to meet the treatment requirements of Sec. 5-86 of the Tallahassee Land Development Code. Stormwater facilities which are dedicated to the City of Tallahassee will be constructed to the requisite standards for access and maintenance. Erosion and sediment control will be provided during all construction activities within the project utilizing best management practices.

Dove Pond Regional Storm water Facility

Dove Pond has been approved to be improved and function as a regional stormwater management system as detailed in the Stormwater Facility Master Plan (SFMP). It will be utilized for the storage of treated stormwater and has been planned to provide improved flood protection for downstream, off-site property owners. The SFMP outlines the design parameters for the use of Dove Pond. To provide flood protection for downstream off-site property owners in the Tri-Basin Study Area, inter-basin transfers of stormwater may be permitted FROM the Dove Pond Basin.

Western Project Drainage

On	the western end of the Canopy PUD there are two isolated closed basins which are included	
in	the SFMP for use as	stormwater facilities. These basins will provide storage for the post-	
development increase in	runoff for the 100 year, 24 hour critical storm, improving existing flood	
conditions in the area by lowering the flood elevation. Approximately 14 acres of the project lie in an open watershed that ultimately discharges to Lake Lafayette. This area will be designed to meet City requirements in addition to Outstanding Florida Waters (OFW) treatment standards.

Stormwater Facilities Authorized in Open Space
Stormwater management facilities are authorized within in the Primary Open Space system, and have been included in the SFMP. These stormwater management facilities may be utilized to meet minimum open space requirements.

E.	Parks, Open Space, and Right of Way Improvements

Parks are planned throughout the Canopy Project. The open space is planned to be accessible to the residents as a passive recreation area for birding, hiking, viewing, and other non-invasive observation of the natural area systems which are planned to be preserved as a part of the overall master plan. Within the planned residential areas, pocket parks are proposed to provide readily accessible green spaces to all residents. These pocket parks may simply include trees, or may include other park amenities such as sitting areas, grills, picnic tables, tennis courts, volleyball courts, pavilions, or other standard park amenities. Certain larger parks are planned to allow for group activities, such as Frisbee golf, camp fires, live music, yard games, dog park, pond viewing, community vegetable garden, ornamental garden, community cook-outs, or other community-wide recreational events as may be planned by the COD Manager. The project includes a linear park, which is approximately 100 LF wide and extends from Centerville Road to Dove Pond. This linear park is expected to include a multi-use path, sitting areas, and a variety of amenities as the linear park passes through adjacent residential neighborhoods.

Page I 10

The open spaces are also planned to include certain stormwater management facilities, which will be designed to provide an amenity to the development, whether it may include a lighted fountain, gazebo, a trellis and swing, or other similar opportunities for the residents to enjoy the planned green spaces.

Trails are also planned within the open spaces. These trails will generally meander around significant trees and other natural features, providing a stable and planned access through natural areas. These trails are planned to provide connectivity within the project, as well as to points of interest outside and adjacent to the development such as the Miccosukee Greenway, Centerville Road Trail, and Fleischmann Lane.

Right of Way Improvements primarily include landscaping and multi-use paths. All roadways within ½ mile walking radius of the Employment Center or Neighborhood Center will provide street trees. Welaunee Boulevard, Dempsey Mayo, Crestline Road, and the linear park will provide paved multi-use paths which are a minimum of 10' in width.

F.	Recreational Improvements/ Amenities

In addition to the recreational improvements listed above related to the parks and open space, the project plans to provide a central amenity center in the form of a clubhouse. This clubhouse is expected to include indoor meeting space, break-out rooms, an entertainment space, community activity area, party preparation & greeting area, as well as dedicated workout studio space.

Outdoor amenities at the clubhouse are expected to include a Laguna style pool, kids splash pad, cabanas, covered lanai, private fob access, ice cream & cafe vendor station, tennis & volley ball court, children's playground, fire attraction seating area, as well as being adjacent to a large linear park, and Outdoor Theater. The Outdoor Theater will accommodate approximately 100 viewers and will be available for live performances and video projection.

G.	Wetland Mitigation

Wetland Impacts are anticipated, specifically related to the construction of Dove Pond Regional Stormwater Facility (RSF). The RSF is planned to provide flood control, and reduce downstream flooding of the existing residential areas. The project will permanently impact 2.69 acres of wetlands and temporarily impact 1.49 acres of wetlands or other surface waters. There are 43.51 acres of FDEP jurisdictional wetlands on site. The mitigation for the wetland impacts include 15.18 acres of herbaceous wetland creation, 2.04 acres of forested wetland creation, and a 56.08 acre conservation easement. Additional benefits from the mitigation include water quality improvement, control of exotics, enhanced wetland function, and enhanced habitat values.

Page I 11

H.	Professional Services, Permitting and Miscellaneous Costs

Professional Services included but not limited to; engineering, planning, landscape architecture, environmental services, materials testing, surveying, and construction inspection, will be part of the District's Project budget.

Federal, State and Local permits and engineering plan approvals have been obtained, or are in the process of being obtained, for the construction of portions of the site infrastructure.

The timetable for remaining permits and modifications will be contingent upon the development schedule for the project phasing. The permit fees required for approval of the Project is also included in the District cost.

Other miscellaneous costs that the District may incur will include; legal fees, insurance, management fees, lending/bank fees, and bond fees.

IV.	OPINION OF PROBABLE CONSTRUCTION COSTS

Table 2 represents the opinion of probable costs for the District infrastructure. The opinion of probable costs includes the actual infrastructure costs for the various improvements, such as: materials, labor, construction, technical services, and contingencies. All estimates are in 2017 dollars and no inflation factor was utilized.

Table 2 presents a summary of the District financed improvements as described in Section Ill of this Report.

TABLE2

OPINION OF PROBABLE CONSTRUCTION COSTS

	Facility	Estimated Cost	
	On-Site	Roadway Improvements	$27,500,000		
	Utilities Improvements	$14,800,000		
	Drainage and Stormwater Management System	$22,800,000	
	Parks, Open Space, and Right of Way Improvements	$4,700,000		
	Recreational Improvements	$3,900,000		
Wetland Mitigation	$800,000		
	Professional Services, Permitting and Misc. Costs	$8,900,000		
	Contingency	$7,500,000		
Total	$90,900,000		

V.	OWNERSHIP AND MAINTENANCE AUTHORITY

The ownership and maintenance responsibilities for the major infrastructure improvements at The Canopy COD are presented in Table 3.

Page I 12

TABLE 3

EXPECTED OWNERSHIP AND MAINTENANCE

	Facility		Dev	Funding		O & M	Ownership		
								2			
		Roadway Improvements		/City /CDD						
	On-Site					City/CDD		City/CDD2		
Water & Sewer Utility Improvements	Dev/CDD		City	City		
	Drainage and Stormwater Management System	Dev/City/CDD	City/CDD1	City		
	Dove Pond Dam	Dev/City/CDD		COD	COD		
	Parks, Open Space, and Right of Way Improvements	Dev/COD	City/CDD1	City/COD		
	Recreational Improvements	Dev/CDD		COD	COD		
Wetland Mitigation	Dev/CDD		COD	COD		
	Dev= Ox Bottom Mortgage Holdings, LLC									
City= City ofTallahassee									
CDD = Canopy Community Development District									
1City is expected to operate and maintain the infrastructure; CDD may perform enhanced maintenance. 2CDD will be responsible for operation and maintenance of all roadways which City will not own (alleys, etc.).
VI.	REPORT MODIFICATION

During development and implementation of the improvements identified in this Report, it may be necessary to make some modifications and deviations to the improvements. Therefore, if such deviations or modifications do not change the overall primary objective of this Report, then such changes will not materially affect the Report.

In addition, the development may undertake certain public infrastructure improvements, related to the subdivisions, which may include but are not limited to roads, drainage, water, wastewater, landscaping, and irrigation. Such improvements may be identified in a subsequent Engineer's Report.

VII.	ENGINEER'S CONCLUSION AND CERTIFICATION

It is my professional opinion that the infrastructure costs associated herein for the District improvements are reasonable to complete the construction of the infrastructure described herein and that these infrastructure improvements will benefit and add value to the District. All infrastructure costs are public improvements or community facilities as set forth in section 190.012(1) AND (2) of the Florida Statutes. The estimate of infrastructure construction costs is only an estimate and not a guaranteed maximum price. The estimated cost is based on current unit prices for ongoing and similar items of work in Leon County for the quantities as represented on construction plans. The future costs of labor, equipment, and material; coupled with changing regulations and construction process, are beyond our control. Due to this inherent opportunity for fluctuation of cost, the total final cost may be more or less than this estimate. Assuming project construction continues in a timely manner, it is our opinion that the proposed improvements, if constructed and built in substantial accordance with the approved plans and specifications, can be completed and will meet their intended functions. Where necessary, historical costs and information from other professional or utility consultants and contractors have been used in preparation of this report. Consultants and contractors who have contributed

Page I 13

in providing the cost data included in this report are reputable entities in the Leon County area. It is therefore our opinion that the construction of the proposed project can be complete at the cost stated.

Alan D. Wise, P.E.

Florida Registered Engineer No. 70831

Greenman-Pedersen, Inc.

Certificate of Authorization No. 3498

Phone: (850) 297-2922

Page I 14

APPENDIX A - Boundary Sketch & Legal Description

Page I 15

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08																										HOLDINGS, LLC						Nobles		Consultinq													
"·	O.R,	41166	PG. 1087		
																										246.68 ACRES,t							Alrrndo	A.  Bermud& z															
																										( 2 i 8 7 AC!lf'$,tJ						J>rofl'!ssi;:w,ol  ::-,urveyor onrl	Moppet,  N o	5 5 7 8							
																																					Stnl.r-,	o f	F'londo				SHEET 1 OF 12								
						
													HOLY COMFORTFR SCHOOL								, .-::::,""																																
			''\												0.R.		IS7fl PC. 2121																											NCG		
																				PARCEL. 1																										
O.R.	2792 PC.	765		
	'		- -		,	S J f ACllfS,i,	.,,.d::,,			
							ISCJ./1,11,,NN							- - - - -																																							
						F/t~~=:::::::::::--											.,., .,		'°,,,.																																
		+	( 8 ( ) '	R	/ I V )	R o			M/CCOSUKEEGREENWAYPARK		1•																																				
							.I\D						OR2122/lrJJ9		. / 2 1 /	15	14																																				
			?l																						-::;::::;. , ·	+																					H O I L B COHSUl.'IIMG O I O U I ' , IMC.		
																											?l	13																								
																																							,	,l f)2t3	.PH,: ...	21,,U	, ...1t.o -'YUn.lt, TAUAHA.Ssa:.	FUH!1D4.	.SUOI	D				
																																										-3! -1179	r L S0::J15. l_•_D,4	W!!!. HC.g>M						
.... C,P•'IPtGHJ'_J\!!_I}

LINE				20080							
	I.S4											
			400			400						
				SCALE	IN  FEET:  1"-400'						
					/	/	----							
				/				NOiJHOARl' lltf !iCCIIIHT l M					
			/										
								•CfN,l:RUNt OF' out	ctH'll'.ft't1UC MW> A1					
			/					LOCAKD tl'f ,no. A$	("1011:NCl:P IIY A D[[P			Al		
			/  /					M l Y" (OUOlt flt(IU:	0£(D D II. 1811/*)					
/	/					•CUMOMY I.JIit 5UMDl'3 I.ff, C:,. Ll't1	C4, l&I!			
						•1ap OP" M)R.UtOl,.Y 8.lltl' •	J,,IMiDOtH:D atD			
/  /  /  /						etNrtfMLL[		O.ft:.			
						lltafl,;eo}ROH)• (OUOl'C ntOM ot(O -				
												'Ii.- r		

-

O.R.	JJ11Pc:,	·,a.s.,		
O.lf-,	400 P'C,			
O.R.	1'J1PG.	151		
11				
14				
	P.O.C.		
PARC(I, 8	P.0.8. PARCEL A		
FWNO 01.D AXl( MARKING 1HE

NORTHWEST CORNER Of" SCCTIOII

14, ALSO TH( HOR1HJ;;AST CORNER

Of SCCllON 1S, T-1-lt: R-1-E,

LEON CO, FL

		/  .,,.. .,.,.	/  /  .,,.. /			1:81'		
				PARCEL B	,/I t		
	/  .,.,.	/		OX BOTTOM MORTGAGE	t!f		
/  /				HOLDINGS,	LLC	{Ill		
				O.R. •934. PC.	120.1			
				177.SI ACRfS:t	r		
				(2  6.S9 ACflf:S:t.)			
								
			gJ_Rllt	CURVE TABL_t	CHORQ			

'iii'!
:-' li

li!  . , I
-	it►I:

!II:  !J

i

CITY OF
TALI.AHASSEE
OJl'. 3450 PC. 596

BOUNDARY BEGINS
ALONG 89. 7 C.OIITOUR
Of' DO'wE rOIIO

			C.)		I			
			&					
				I				
	SKETCH OF DESCRIPTION				PARCEL A		
	FOR							
					OX	BOTTOM MORTGAGE		
CANOPY at WELAUNEE						
				HOUJINGS, LLC		
				O.R, 4866 PO, 1087		
Community Development				2 6.66 ACRES:t		
				(2511.117 ACRES:t)		
	District		I				
	IN						
Secti()n M & 15, Township I North, Rang  t Emil	PARCEL 2					
	LEON COUNTY						
		75.95 ACRES:t					

S 89"41'58" £ 3118.75' (S)

SHEET2 OF 12

09/20/2016 NCGog·;,201C:

H O a a	C0NllA . 11M O GIOtJP, IMC.	
214.t 'AllO AVDftJ[, TM. HAss«,	FLOIIIOA,, J23GB		
' " f Q )   PH-. _ _M o .. 11s-111t_,: ,  ...•so - 3M.. 140<&	WW_JiCCt ..	a	
	CIP'tPICTHl	:;ou;			

CITY OF
TALLAHASStE
O.R. 3450 PG. S96

eouNDARY 8£Gi S ALONG 89.7 CONTOt..<!l OF DO'IE POND

S S9"-41 '5&" E 388.75' (S)

		BEARiNG		UN[ TABLE													
llNE							BEA!!lNG	LENGTH		
			LENGTH	LINE							
Ll	N7'-.-..ri.•,;;;;•r	1'4"'11"-'	L17 r-..---:--1•,	-,•"r		1..... ,..			
l 2	,,.,ii,..,5•10-c		a,_.,,n'	l1&				s,n•·u.'") 11"(	103.26"			
.l3	N7l"015'34"<		1n11.-:i5•	l19	. - ... 2·•···	·•·"·		
L4			••.•o·					s••••r1•••				
	s17•3e•4,;•r			L20					1"-".67'			
l S	:soro4"4B"E		11.r:: ""7'	L2l				SS1'0c.'1111•t	94.t>'		
L6	N84"\<''1l"r	77.61'	l22				ss""'-""''l;.ir:..•r	105 '1'		
l 7	;,311•44'32"£		,.,,_,n•	L23	1••·-•r.>rr	1 "    ·		
LB	N66".39'!>1T'"		78.t14'	l24				··--,'"t'	"" - 6•'		
L10	C42'l6'!0	., r		.,_,,_,.,t	L26				«1--..,·,1·"'•	-   ..- ....			
L i	u«n  7'14	i		l=tJJI."	L25	li:.7c.·.e.,,a .... •r		og 41'		
Li l	Nli0'-4''"'-n'"T						, . , . , 5 •		
			7•.c4'	L27	i	.......... ,'4c			
L\2	N4i!1"2j'19-t'		95.•4'	l 2 8	l<:4n--.7"""	7,,_,,,			
1.14		Cit.l  f"li1 § 0	"t°	7,_,,.	l30				N • - • - , 4 •	,,.,., .....			
L i l	S7!'4T2•"•		1ft"l_C:7•	L29				H----,,,-.; ... - ......•		_en•		
		.. ,. ..,....																
LI	s1s· 3 -·2,•		11•72'	L31				N  1 •  , •	ll01''		
L16				v•'"'.'1'														

PARCEL A
OX BOTTOM MORTGAGE
HOLDINGS, LLC
OR, 4866 PG. 1087 246.66 ,t.CRCS:t

(25B_B7 ACRES:tJ

0
0

fz'I   a@

:;I
II '

q	.i,.
	0
	0

FOUND ltRRA COTTA MONUMENT IIEI.OW PAVEMENT MARKINC 11£ SOUlHv,e;T CORN!JI OF SECTIOH 1-. AND l H £ SOUNEAST CORNER OF SE<:llON IS, TOWNSHIP 1 NDRlll, RANGE 1 EAST, LEON COUNTY, FLORJOA

CANOPYatWELAUNEE
CommunitySKETCHOF FORDevelopmentESCRIPTION

District

TN
Section 14 & 15, TOlmship 1 North, Range I East
LEON COUNTY

SHEET3 OF 12

0ll '?D 2C16 o , 10 201e

22	23

_U_t_l?U

T'		PARCEL B			
	OX BOTTOM MORTGAGE		
:rs		HOLDINGS, LLC	<:\MW' . . . .		
&ii!i'	0.R.  9J<,	P C .  IZOJ	0•l2'1T..-		
	I77. 51	ACRES:f	•••10.00'		
		(245 . 59 A C R E S #	:i•,n		
				Ot•M,W		
		NtrH')l"J;	,.,,,t •			
NOO'll'e,,S._				
. , 1M..51J'			7 n l ' l T t		
Slt'-48(15·rt				
		:11u11·		
·-	20,oa"					
			PARCEL 2			
			75.95 ACRf'St			
				C\dtvt D 'Ji&		
				U.,,l'Ol:'l'f'		
				lt•IUB..00"		
				lc 7•"		
				ICl•5Sl'!i2'12."W		
1t•lll.1111'				04•!0.J.t		
. .2r-1t•-44						
l•l211,7J' O,..jH"at'1TW J2S..51"(0)
Rwl78.611"
.,.VW'or

L•328 . ?3'

CO-Nl4'112'05"W

16  15

21	22

	..																					;: -;,   ..				I	ri;!																		
,..			CUR   OAT.\																								lt•Gl!.QQ"					66								I!'		
																												... u	l a													
			0--.19?1"5"																																	I, .. :		
1					ft•14:,t.J4'																											"'			"'"						
					a , . s , r o n n																														., ..,						
					\.•HICU.lt'							PARCEL B														.,,			00						
					Ot--9&1.al"																								g..2!						
																																						·--.									
											OX BOTTOM MORTGAGE																	, Vi!		
												HOLDINGS, LLC																		Q							Ul il.!11l		
												0.lf.  9J4,  PC.	l 2 0 J			0 lOl																								
												(246.59 ACRCS,t)															t:g.i lg,					
													I l l . S I  A C R f S ¼																														
																	,.....,.,.11Mi										0		l w,											
																	584';,r' 6	-W 9 \ 7 . 4 1	( S )									v		f			m								..iii:		
																																t	!			!											
																													l.•1121.IG'	!				s.;..8la::tl!i.•		Z.i l!i,!;i		
																																			ill									ji:i		
																													R• 14.J5'						.',											
												I																.-12'4n_1										$!				::		
																											CO•h IJ•,49•19•	W															
																	CUIIIIE T H l l £							112'.;J,1'(0)														::I•		
																									BEARING							..		§	;;m					i		
												µ I I M		RADIUS	DELTA	L.ENCiffl CIIORI)				. . ,:i-43'14"											
																								· · m o							
																												R• 71!l.35•													
												CI0I	1440,0(	1s·,0·2s·		381.39 3 8 0 , V	S4717'58"W		L""1127.47'				g ' IS					i		
												e102		14◄0.0C	l"OO'S&•		2 .52,	25.52	SJ9'12'15"W		C D • N H"02"5	"  W								1						!!		
												CIOl		67& . &g	r.-onz·		60 . 50	60.48  N2&'23'25"W			1125.111" ( S )																	
					HOLY COMFORTcR		I																	r.. i"'i	PARCEL*	A				
								CI0	1560.00	1°00'56"			21.65	27 . 65	Sl9"12'15"W															
					SCHOOL				I	c,os													OX	BOTTOM MORTGAGE		
											1503.50	Y 3 1 ' 4 l "	98,75	98.74	s  n , · • o · w										
					O.R 1976 PC.	2121			I		Clo&	95,00 107"08'28		177.65	152.87	N76'23'58"W											HOLDINGS. 1.1.C				
					O.R. 1792 PC .	765																									"--1114,M'					CIR.  4866	P C .	1087				
																																A,,o\'tOl,'J4						2-<6.68	AC/1£5,t				
																																L--.l91tt'						(2511.87	A C R 5 ± )	i,		
			LIMT..,._																											co .... ••-w'&O" w								
		Un•'						I																							Jfl.•!l'(O)													4"'!.., ..;,•·		
			Direction	l.en,Jth																										R•1874.BB'															
																																												.,<f:I				
		1.101	N411' 51•	2o·w	200.00																											•12116'23"																
		L102	NB2' ll3'	44"W	34;93												N 89'•..1't-..*-Ec	1 99.02 °	( S )	P	R c t l  I			i..,391.ur																	
																							t G " t W • n																	
									1 ...,;•,																				C D - N 14'22'52" W														
							I																			\	•.•,	U2,G)'																	
		U 0 3	N50" 17 1	I 7"W	120.00			I													.. ,.,,,. (D)				P .0.8 .			3115.4-4' ( S )																	

												PARCEL 1									..J.M'						2I0."41'																	
												5.34 ACRES.t-																																	
																											_SM"M'J7"[.																	
														..,...																															
																			N89"58'37"W 1104.33" ( S )																						
											"""'•··,:						5"'.51".3141: 1UJ,U6"(D)			SKETCH OF DESCRIPTION		
											:;;.,,-,3"5!,VI.     1D)																														
															MICCOSUl<EEGREENWAYPARK																				
																										FOR									
																			OR2127./IOJ9					CANOPY at WELAUNEE		
																	@0									
																								Community Development		
																												District					
														400				400												IN											
																200									S e c t i o n 14 &  15, ' r o w n H l t i p I							
															SCALE IN  FEET:			::::::l		N n r t h , R n n g c l  t;:ast		
																1"=400'							LEON COUNTY				

8

3 0 0	1 0 0	0	3 0 0	
E				
S C A L E	I N	F"EET:	1 " = 3 0 0 '	

PARC£/.. B
OX BOTTOM MORTGAGE

HOLDINGS, LLC

·o,R.  49J ,  PG,  120J
177.51 ACRI:'.$

CURVE  DATA			
D•BO'S8'06"			
Rs.25,00"			
l= . l5 . JY			
C8=NB17 'O7"E			
CH•.l2.46"			
CURI.£  DATA			
0•30'•732"	CURVE DATA		
R•420,0D'			
	0•21'J7'10"		
l•225,12'			
	R•Jl5.00'		
te•N25'.l1'18"E			
	l•126. 1'		
Cli•223.0l'			
	C8•S68'55'25"E		
			
	CH•l25.66'		

I

/  C U RVE  DATA
/	g_42'43'4)"

	R=965.00' L-719.67' CB•ssa-22'0?"r Clf•703.ll'

CUR-.£ o.-.T" -Oa12•12•4-0•
Rs47O.00'

Lsl00.17' C8•N2Y5 '4l"£
CHm99,911'

S72'11'l7"E	P.O.B.		
70.85'	PARCEL  2 \		

(2 6,59  ACRES:t)

C\JR-.t: DATA 0•39"211'05"
R•1 56.3 '
L=1003.62' CB•S58"0l' O"W CH•98J,88'

			PARCEi. 2	I						
C\JRVE 0A1A			75.95 ACR!:S:t							
0•1'00'23"										
R•720.00'										
L•12,65'			CURVE  DATA		CUR\'t	01\'TI\			
C8•li9'l1'21"E					0•8918'00"			
CH.,12.6:I'			0=29'22'02"					
					R 215.00'			
			R•2060,DO'					
					L•.lJ  .09'	--..,		
			L•1DS5.87'					
					CB=Sr38"47'W		
			CB•NBTOG'04"W				
					CH=J02,19'			
			CH•IO .JS'					
										
PARca 8		. /4							
OX BOTTOM MORTGAGE			PARC£l. A		
HOLDINGS, LLC						
O.R.  U<,	PC, fl/OJ		t?-		OX BOTTOM MORTGAGE		
f 77.51	ACll-£$,i,				HOLDINGS. LLC		
(2 8.!i9Aefff:S:t)		I \  ....		O.R.	866	PG.	1087		
			":I		2	6.66	ACll!S.t		
					(258,87◄	ACRrS:t)		
584'!>3'0l"W  g\7.41.'	{D)								
S 8 4 " 3 7 ' 4 6 " W  9 1 7 . 4 2 '  ( S )							

CUR\'£	OAT"						
D•1O1l9'5.l"						
R•l•40.00'	/		SKETCH OF DESCRIPTION		
l.•255.46'					
CO=S43"4e' l"W						
			F O R		
CH•255.1J'					
	J CAN.OPY at WELAUNEE		
C\JRVE.  DAlA	SJ8"41'47"W			
	220.85'			
0•2'01'17"				
Rsl4J8.00'	ro,· ts=1'54'31"	/	Community Development		
L•!I0,74'	;1 ·••· R=l560.00'(S)				
ce.,555-:;2'12·w	L-51.97'(5)			District		
CH•S0.7)'		Hot.Y COMrORTER				
	CH=S39'39'02"W					
	51.96'(S)	SCHOOL		I N		
	S40"36'18"W	O.R. 1g76 PG.  2121	S e c t i o n  1 4 &  15, T o w n s h i p  1 NorU1, H n n g e 1  ;nst		
		O.R. 2792 PC.  765			
.1n4	3 0 7 . 4 1 '	LEON COUNTY		

/	--  6 = 6 ' 0 7 ' 4 1 "

SHEET 5 OF 12
						1 · - : i o a ·		suiMvoiiri:	ss o•			
= = - - , - - -			Pl>OJECT  ND:				
											
					58!i(J-IJI COO 81'10				o ' l . u , , o , a			
	_,nnn u "				-1s _t.!J 1C;  I			I		
				....				REVISION:	0-J	-rJ,  OM				
							NCGllllf1_____			
	I . . · · · - · ·	" " · j			_			
					CMT		RE-.iSIOO•						
C						M 0 a l a		0 0 N I U l l 1 N I »	r.a:IUI', I H C .			
		29'4, PA,llO AV'tHUC, TAUANASSU, -r\.Clltm. J2.JOI					
								
	L'RJ}_:1:1:\	Hr	;:.!l,_ ...	11n rAX1  as  $::.'lD:f-  www _1CflftH;_.S9.	- Bf  -'? .....			

et,)f't,.IGHf

																								,,,,		..., '.,,.											SKETCH OF		ESCRIPTION		
									/									L 4 ; ,  -				. /		l 5 2	/  . , , -				I	f	l	" '  I		!"!:.., I						
																											L53	.,,-																											
																						. / /				.,,. 7																											
																									L51			,- -	• .. . . -	. . . . -	- - ,	I	• - -	. .- -										F'OR								
								/				l41\		-			/	,,,,		L49	LSO _,. ,,,,															0•80"58"06-		District							
																																													
		100@0												/																																			
300			300				/		/	/  ,,,,	L 4 6  /	/	.,,- _,,, ....-																																
SCALE		IN	FEET:	1" = 300'				/						L45	/	CANOPY ROolO 5El8ACk																															
				II					,,,,							L 4 4/	/																							IN										
								/											(100' FROM CENTERLINE)	;	__;;:;		::J:		::>C:;		w																		
														L42 /																	Section 14 & l.5, Town3hip l	North, Range I g,ist		

							/							-_·																								CURVE DAT"	LEON COUNTY				
																																											
								l 4 0 /	) .		MAIMTAINED																					R•25.00'														
											'C_	RIGHT OF WAY																				L=35.3J'														
			/tI				L3		-																													C8=HSl"24'07"C														
																																				CURVE DAlA	CH=J2. 6'														
							L38 /																													D•.30"47' 2"																		
/	/ /					L 3 7 / 7																													R• 20.DO'																		
																															PARCEL B		Lt225.77"																		
					.d ' s																											CB=N25"lt'l6"[														
																												OX BOTTOM	MORTGAGE		CH•22J.01'																		
								L35																								HOLDINGS,	LLC																				
																																																						
																																D.R. 49:U,. P<;,	120J																					
			/	/ I		I	!ii																										I77.SJ	ACRfS:t																					
																																(2 6.59 ACRESct/																					
						z l	f !	,																																									PARCEL 2		
						2	I	zo"1f																															CUR'IE OATA									
				I	,																																									75.95 ACl/f:Si		
							x;																															l).r1"00'23"														
							§ .																															R 120.oo·														
					·1	0...																																	Lm-12·.65'				R 2CSO,OO"							
																																							CB=N9'37'2I"E											
						G}::;:§																																			CUR\'E	DATA							
						o,u																																0!=12.65'						0=29'22'02"							
						a: I	L32																																						L•1D55.87'							
																																													C8•NB?'06'04"W				
						::;·																																								CH•10•4,J5•							
							;o																										CUR';( DA.TA																					
					'ir																															-'c'='"'- DY:	50  M B		ISMRt'IISIQ!I :							
:::>JI"'-																										l&1DOJ,62'												09/30/2 IG		
				1,9		..,																														0		SHEET6 OF 12				
								o																									O= 39'29'05"																					
																																	Rsl-456 •M.																						
								§;z;																										CB•SSll'OJ"40"W							-	, · •-400'		,.!  .lECT		110:	J	-  5850-0t		
																																		Ctl•98l.  '															
																																															IJR\/£Y						
																																																0A1E-:_r-		
																																									';.="'-l 51l	- 0t CQ!J	B D					" '" '		, . ., -, -			
																																														OATrn'+--,,,0, 120n· ow		
																																								,_12!									_"J		
				'1					H89'4◄'36"E		797.55'																						CHE l_  BY: :		NCG		
	\\																				D.R. 4023 PG	1689									CMT		Rf.'IISION:						
					:E																							O.R. 4023 PC. 168?																								
					Iill\		NOO"tJ'55•w																																												
																								P.O.B.																												
								156.50'												S72'11'37"C																															
			\				S89"46"0S"W													70.85"																																			
								20,00·																																																
				,		:									PARCEL 2					CUR\o'E DATA																			H0IU!S 00MSUL1ING OIIOUP', N C ,		
														75.95	ACRf:S:t																					21CI				
						!																		O• 10'09"53"																	•AtLO AvtNUt, T,tilLM44SSEt. fl.Ofl:IO	5230a		
					I;ii																		R:a14'40,00'																	f!N::   !l _,_1_ .!, I     1--,.to•  -,.,  MC.    c■;1ao		
	I ':r-,i:.ir..•,;,•				
																																														\.DPYNl.f.rtT		mr;							

LEGAL DESCRIPTION

PARCEL"A"
258.87 acr.:s BS recorded in Official Records Book 4866, Page I 087 o f the Pub! ic Records o f Leon County, Florida

A parcel of land lying in Sections 14 and 15, Township I North, Range I East, Leon County, Florida, being more particularly described BS follows: (Note; SCM denotes "set concrete monument")

BEGIN at an	old mde marking	the Northwest		Comer of Section	14	and lhe Northeast	comer o f Section	15,	1·ownship 1	
North,	Range I East, Leon County, Florida,	and	nm South 00 °	18'05" West along the West boundary	o f said Section	
14 a distwice	of 1,303.41	reet to a SCM (#7245);	thence South	89°	41 '56'' East 368.75 feet to a SCM (#7245) marking	
the approximate	89) contour of Dove Pond; thence	Easterly and	Southeasterly	along said contour	as	follows: North	
75°  05'36"	East	140.10	feet to a SCM; thence North	64c 16'10" East 82.30 feet to a SCM (#7245);	thence	North 71 °	
06'34"	East 108.26	feet to a SCM (#7245);	thence	South 37°  38'45"	East 94.60 feet to a SCM (#7245);	thence	South	
01 °  04'48"	East	I 15.07	feet tci a SCM		(#7245);	thence	North	84 °		38'40"	East 77.61	feet	to	a SCM	(#7245);	thence	
North	38 °	44'32"	East	121.10	feet to a SCM	(#7245); thence	North	66°	39"5		I"	East 78.04	feet to a SCM (#7245);	
thence	North	60°	37'14"	Ea.st	98.78 feet	Lo		a SCM	(#7245);	1hence	South 42°  36'50" East  132.12	feet	to a SCM	
(#7245); thence	North 69°  42'39" East 78.94	feet	to	a SCM (#7245); thence	North	48°  23'19" East 95.04 feet	to a	
SCM (117245); thence Souih 78° 47'24"	East	102.57 feet to a SCM (#7245);		thence South 54°  50'50"	East 73.35	feel to	
a SCM (#7245): thence	South	46°  34'23"	East	118.72 feet to a SCM (#7245);	thence	South	43 °	57'44"	East	160.31	
feet to	a SCM	(#7245);		thence	South 46°  23'04" East 123.39	feet	to	a SCM	(#7245);	thence South		40°	35'23"	East	
103.26	feet to a SCM (#7245); thence	South		21"	52'54"	East	84.32	feet to a SCM (#7245);	thence	South	63 ° 37' 18"	
East 108.67	feet		to	a SCM (#7245); thence	South	SI O  05'19"	East	94.62		feet to	a SCM	(#7245); thence	South	52 °	
02'55"	East 106.Jl	fi:et to a SCM (#7245);		thence South 44°  37'37"	East	102.96	feet 10	a SCM (#7245);	thence	South	
56°  03'37"	East	88.68	feet to	a SCM	(#7245);	thence South	75° 48'30"	East	99.4 I	feet to	a SCM		(#7245);	thence	
South	57°	01'17"		East 95.90	feel to a SCM	(#7245);	thence South	59°	45'49"	East	192.1S	feet ton SCM (#7245);	
thence	South 40°		57'38"	East	72.00 feet to a SCM (#724S) on	the North	boundary	of the Miccosukee	Greenway	Park	
as recorded	in Official Records Book 2122, Page 1039 of the Public	Records of Leon County, Florida;	thence	leaving	
said contour	run Westerly along the North boundary	of the Miccosukee	Greenway Park as	follows: South	88 °	40'45"	
West 313.60	feet to n 2 1/2" aluminum		pipe (# 732); thence South		15°  37'42"	West 520.42	feet to a 2 1/2"	aluminum	
pipe(# 732); thence South 73 °  07'41"	West 371.62 teet to a 2 112"	alwninum	pipe(#	732): thence	South	12° 20•2 1•	
West 698.80	feet to a 2 1/2" aluminum pipe(# 732); thence South 67° 25'28" West 1.262.10 feet to a 2 J/2" alwninwn	
pipe (# 732); thence North 44°  02'50"	West	428.45	feet to a point	on	a non-tangent	curve	to	the	left,	thence	
southwesterly	along said curve	with a radius	of 6,529.65	feet through	a central angle	of 02° 04'08"	for an	arc distance	
of 235.77	feet (the	chord of said ere	being	South 6S 0 14'14"	West	235.76 feet)	to	a 2 1/2"	aluminum	pipe(# 732):	
lhence South	64°		10'41"	West 309.99	feet to a 2 1/2" aluminum pipe(#	732); thence	South 53°  55'00" West 1,374.71	
reel to a 2 1/2" aluminum	pipe(# 732); thence	North 89°	56'37"	West	1,104.33	feet to a 2 1/2" aluminum	pipe(# 732);	
thence	Sout11	80°		23'55"	West 854.80 feet to a concrete	monument(# 3562) on	a non-tangent	curve to the left on the	
Nortl1erly	right	of	way	boundary o f Fleischmann	Road,  thence		leaving	said North	bnunda,y	of	lhe	Miccosukee	
Greenway	Park	run westerly along said	right o f way bo1md l l r }' curve with	a radius	of 592.25 feet through a central	
angle of l0°	21	'58" for an arc distance	of 107.15	feet (the chord o f said arc being North 71 °	58' 18" West	107.01	feet)	
to a rod and cap(#	3562) marking the Southeast	comer	o f property	described	in Official	Records	Book	1976,	Page	
2 l i l of the Public	Records of Leon County,		Florida;	thence North	70°	27'20"	East along	the Southeasterly	boundaJ}'	
o f said property		126.80	feet	to a SCM	(# 7245);	thence North  13°	06'27" East along said	Southeasterly	boundary	
59.27	feet to	a found iron rod	with aluminum cap (# 3293) marldng the	Southwest	comer	of property	recorded in	
Official Records	Book 2792,	Page 765 o f the Public Records of Leon County,	Florida: thence Easterly,	Northerly	and	
Westerly along the boundary	of said property	as	follows: North 51 °	23'36"		East	179.35	feet lo a rod and	cap(# 3293);	
thence	North	89°		41	'14"	East	1,499.02		feet to an iron rod and	cap(#	3562) on a non-tangent	ci1rve to the left, thence	
northerly along	said curve with a radius	o f	1,874.98	feet through	a central	angle	of	12 °  06'23" for an	arc distance of	
396.18 feet (the chord of said	arc being	North 14 °	22'52" West 395.44 feet),	to a point on	a non-tangent	curve to the	
right, U1ence	northerly along said curve with	a radius	o f 5,078.35	feel through	a central	angle	of 12°  43' 14"	for an arc	
distance of 1,127.47 feet (the	chord or said		arc being North	14°  02'54" West 1,125.16 reel)	to an iron	rod and	cap;	
thence	North	27°	10'59" East,		3564.33	feet	to the	North	boundaiy	of Section		I 5,	Township	I North, Range I East,	
L_eon	County.	Florida;	thence	along said	North	boundary  North	89°	56'06"	East,	430.00	feet	to	the	POINT	OF	
BEGINNING.

				I	SHEET70F 12						SKETCH OF DESCRIPTION		
I s c E :				I  PR0.1;cr	110:	j - . . a	"" ! 5"' a_ -_	_ 0'-'-, 1	_ _  1				
	flfL D 80()1(:	•	C IT	SVRVEY	DATE.								FOR			
	CtiECKED  BY:			I JltlllSIOO,	-- - , I				CANOPY at WELAUNEE		
	CA D NO.:	1 5 5 0 0 - 0 1  DO BIJO . .;::ISSU£ DcA c'l"t:"  .. - 0 9"-'•: 0_ ,l !0 5					
	DRAWNBY:		MB		R£"1SION,		I   09	!"•	1						
									2016						
							: ; : ,	. ; ;									
															Community Development		
																	
						NCG			
								District		
								1N		
							Section 1'l & 15, Township I North, Rangel East		
								LEON CO'tJNTY		

D . . PAILO  A'IOut,	1AUAH.IIS5£:t.	ncttiD4. 32.309	n.		
1.'- Ji:ttlJH= aso-Slls-nn F'.J.X;	• -JU-I'°'	www.ti'CGu+c.co.u			
Ct!P ,P;G!-!T 2!11!-

LEGAL DESCRJPTION (Continued)

AND ALSO

PARCEL"B"

246.59	acres	more or less as recorded in Official	Records	Book 4934,	Pl!gc	1203	of the Public Records o f Leon	
Coun1y,	Florida								
Commence at	an old a)';!e marking the Northwest	Comer	o f Section	14 and	the	Northeast con1er	o f Section  15,	
T0\\11Ship	I North, Range 1 East,	Leon County, Florida, and run South 89° 56'06" West along thi:, north	line o f Section	
15, To\mship	1 North, Range 1 East, Leon County,	Florida,	430.00 feel to a found iron rod and cap (#7245) marking,	
the Point	o f	Beginning;  thence	South 27° 10'59" West, 3564.33 feet to	a found rod and cap (#3562) marking the	
Northeast	comer o f the property	described in O.R. Book 2792, Page 765; ihencc South 84° 37'46" West 917.42 feet to	
a concrete monument (#3293) markini the Northwest comer o f said property and the Northeast comer o f the property
described	in 0. R. Book	1976. Pg. 2121; thence North	66° 06'52" West 484.23 feet	io a set iron rod and cap (#7245)	
lying on the proposed	Southerly	right o f way boundary	for Welaunee Boulevard Extension, said point also lying on 11	
curve conc11ve	Southeasterly; thence Southwesterly	along	said right of \\'II)' boundary	and said curve	having a radius	
o f 1440.00	feet through	a central an_gle o f 16° 11'25" for an arc length	o f 406.91	feet (chord	bears	South 46° 47'30"	
West 405.S6	feel) to a set iron rod and cap (#7245); thence continue Southwesterly	along said Southerly	right o f way	
boundary	as	follows: South 38° 4 1'47" West 220.85	feet to a set iron rod	Bnd cap (#7245) lying on curve to the right;	
thence Southwesterly	along  aid curve having a radius o f 1560.00	feel through a central angle o f OI •54• 31" for an arc	
length o f 51. 97	feet	(chord bears South 39° 39'02" West 51.96 fi:et),to	a set iron rod and cap	(#7245);	thence	South	
40° 3 6' 18"	West	307.41	feet to	a set iron rod and cap	(#7245)	lying	on a curve	concave	Northwesterly;	thence	
Southwesterly	along said CUr\'e	having a radius o f	1590.00 feet through	a central angle of 06° 07'4 1''	for an	arc length	
o f 170.06	feet (chord	bears South 54° 49'00" West	169.98	feet) to a set iron rod and cap (#7245); thence	South 57 ° 52'	
51" West 507.	81	feet	to a set iron rod and cap (#7245); lying on a curve to the len; thence Southwesterly	along said	
curve having	a radius	of	1410.	00 feet through a central	angle o f 14° 51' 10" for an arc length	o f 365. S2	feet	(chord	
bears South 50° 27' 15" West 364.49 feet) to a set iron rod and cap (#7245);	thence South 43° 01'40" West	12.84 feet to	
n set iron rod and cap (#7245);	thence South 03 ° 00'07" East 56.97 feet to a set iron rod and cap (/17245)	lying	on the	
Northerly	right o f way boundary o f Fleischmann	Road,	said point also	lying on a cur\'e concave Northerly;	thence	
Northwesterly	along said curve having a radius o f 676.69	feet through a central angle o f 03 ° 22'00" for en	arc lenglh	
o f 39.76 feet (chord bears North 51 ° 59'48" West 39.76), to a concrete monument (#7245); thence continue	along said	
right o f way boundary as	follows: North 03° 00'07" West 43.63	feet to	a concrete	monument	(#7245);	thence	North	
43 ° 0 1'40"	East 25.58	feet to	a concrete  monument  (#7245); thence	N	46° 58'20"	W 200.00  feet to	a concrete	
monument	(#7245); thence North 82° 03'44" West 34.93 feet to a concrete	monument	(#7245)	lying on a curve to the	
right; thence northwesterly	along said right o f way boundary curve with a radius o f 676.69 feet through n central angle	
o f 27° 50'02" for an arc length o f 328.73 feet (the chord o f said arc being North 14° 02'05"	West 325.51	feet) to a	
concrete	monument	(#7245); thence North 00° 13'55" West 762.26 feet to a concrete monument	(#7245);	thence South	
89° 46' 05"	West 20.00 feel to a concrete monument (#7245);	thence North 00° 13'55" West 660.30 feet to a concrete	
monument	(#7245); marking	the southwest	corner o f a City	o f Tallahassee Stormwater	Management	Facility, said	
Stonnwater Management Facility being property described in Officrnl Records Book 1654, Page 0507	o f the PubHc	
Records	o f Leon	County,	Florida;	thence leaving said	right	o f way boundary	run North	89° 45'46" East along said	
property	boundary	92.61	feet	to a concrete	monument	(#7245); thence	North	11° 08'43''	East along	said	property	
boundary	216.1 S feet to a concrcle	monument (#7245);	thence North 15° 14'26"	West along said property	boundary	
176.56 feel to a concrete monument (#7245);	thence South 89° 49'08" West along said property	boundary	89.56 feet to	
a concrete	monument (#7245) on said	right	o f way boundary o f Fleischmann Road;	thence	North	00° 14'	14'' West	
along said right	o f way boundary  185.	83  feet to a concrete	monument {#7245) on the Souiheasterly	right o f way	
boundruy	(maintained,)  o f Center\'ille	Road;	thence northeasterly  along	said maintained	right o f way boundary as	
follows: North 51 ° 10' 14" 1:ast 45.45	feet 10 a concrete monument (#7245): thence North 50° 09'08'' East 99.69 feet to a	
concrete	monument (#7245);	thence	North 51 ° 3 1'38" East 99.35 feet to a concrete monument	(#7245);	thence North	
52 ° 38'28"	East	99.37 feet	to	a concrete monument (#7245);	thence North 54°	19'46''	East 99.43 feet	t9 a concrete	
monument	(#7245);	thence North 55° 26' 14" East 99. 74 feet to a concrete	monument (#7245);	thence North 57° 25'11"	
East 99 72	feet	to	a concrete	monument (#7245); thence North 57° 40'5 I" East	99. 71	feet 10 a concrete monument	
(#7245);	thence	North 59° 05'29" East 99. 76 feet to a concrete	monument	{#7245); thence North 59°2 1' IO" East 99.64	
feet to a concrete	monument (#7245);	thence North 59"36'50"	East 99.71	feet to a concrete monument	(#7245); thence	
North 60° 40'26"	East 16.11	feet to	a concrete monument (#7245);  thence North 61 ° 25'29" East	83.85	feet to a	
concrete	monument (#7245);	thence	North 60"21'46"East 99.88 feet to a concrete monument	(#7245);	thence North	
62° 47'28" East	100.17 feel lo a concrete monument (#7245);	thence North 59° 55'39" East 99.89 feet to a ooncrete	
monument	(#7245): thence North 63°	18' 14" East 99 .40 feet to a concrete monument (#7245): thence North 62° 4 1'06"	
SHEET80F 12		SKETCH OF FORESCRIPTION		
	saso-01				
			CANOPY at WELAUNEE		
					
			IN		
		Section 14 & 15, Township 1 Nonh, Range I East		
NCG	Community Development		
		LEON COUNTY		
		District		

t i HtO

LEGAL DESCRIPTION (Continued)

PARCEL " B " (Continued)																								
East 100.00 feet to a concrete	monument (#7245);	then  North	63 ° 15'29" East	.l00.00 feel lo a concrete	monument	
(#7245); thence		North	61 ° 35'27" East 99.88 feet	10		a concrete	monument	(#7245);	thence	North	67° 03' 12" East	
100.24 feet to a concrete	monument	(#724S);	thence	North	62° 28'35" East	100.00	feet	to	a concrete	monument	
(#7245); thence		North	61 °	19'51"	East	100.04	feel	to	a concrete	monument	(117245);	thence	North 61407'56" East	
100.93 feet to	a concrete	monument	(#7245);	thence	North	59° 40'03"	East	100.02	fc:i:t	to	u concrete	monument	
(#7245); thence		North	61 ° 23'] 0" East	100.00	feet	to	a concrete	monument	(#7245);	thence	North	61 ° 22'07" East	
100.03  feet to	a concrete	monument	(#7245);	thence North	60° 1 l'OI"	East	100.00	feet	to	a concrete	monument	
(#7245); thence		North	57°	19'22" East	100.18	fc:et	to a concrete monument (#7245);	thence	North	64°	11'24" East	
100.18 feet to	a concrete	monument	(#7245);	thence North	61 ° 00'50"	East	99.65	feet	to	a concrete	monument	
(#724.5); thence North 63° 03'46"	East 99.36 feel to a concrete monument (#7245); thence North 64° 06'46" East 99. 34	
feet to a concrete	monument (#724S); thence Nonh 65° 09'4S" East 99.36 feel to a concrete	monument (#7245j: thence	
North 67° 4 7'58"	East	98.85 fc:c:1	to	a concrete	monument	(#7245); thence North 69"29'27"	East 80. 98 feet to a	
concrete monument (#724S); thence North 69° 50' 16" Easi	18.75	feet to a concrete monument (#7245);	thence Nonh	
73° 10' 12" East	98.54 feet	to a concrete monument	{#7245);	thence North	73°	19'53"	East	98.	66 feet to a concrete	
monument	(#7245); thence North	77° 36' 19"Easl 99.95 feet to a concrete monument (#7245): thence North 77° 36'2T	
East 200.00 feet to a concrete	monument (#7245);	thence North	78° 10'50" East	100.00 feet to a concrete	monument	
(#7245);  thence	North	77° 02'05" East	100.00	feet	10	a concrete monument	(#7245);	thence	North	78° 1° '50.. East	
100.00 feet to a concrete monument	(#7245); thence	North 78"1 l'l8"East	99.91	feet to a concrete monument (#7245};	
thence North 77"51'24"East  100.00 feet to a concrete	monument	(#7245);	thence North 78° 42'58" East 30.99 feet to a	
concrete monument (117245) marking the centerline	of Old Centerville Road	as located	in	1920, as	evidenced by a	
deep gully	(as referenced	in the following deed) and	marking the most Westerly corner	o f property	descnl>ed in	
Official Records Book	1826, Page 589 o f the Public Records o f Leon County, Florida;	thence leaving said mamtained	
right o f way boundary	run	South	73°49'34" East along said centerline 273.23	feet lo a concrete: monument (#7245);	
thence North 00° 03' 13" West 18.43	feet to a found iron rod and cap (#3328) on the Northerly	top o f bank o f the old	
abandoned	Centervme	Road	marking	the Southwest	comer o f property	described in	Official  Records	Book	1400,	
Page 1833; Book 1440, Page 113; and Book 1698,	Page 560 o f the Public	records o f Leon County,	Florida;	thence	
easterly along said Northerly	top o f bank o f the old abandoned Centerville	Road and said property as	follows: South	
73° 58' 16" East	174.68	feet to a found iron rod and	cap (#3328)	on a non-tangent curve	to the left,	thence easterly	
along said	curve	with	a radius o f 232.00 feet through	a central angle: o f 32° 42'33'' for an	arc distam.-e	o f 132.45 feel	
(the chord	o f said arc	being North	89° 36'21" East	130.65	feet)	to a found iron rod and	cap (#3328);	thence	North	
73° 23'58" East 46.08 feet to a found	iron rod and cap (#3328)	on a non-tangent	curve to the left, thence	northeasterly	
along said curve with a radius o f 357.00 feet through a central	angle o f 14° 32'22" for an arc distance o f 90.59 feet (the	
chord o f said arc being North	66° 02'24" East 90.35 feet) to a found iron rod and cap (#3328); thence North 58° 53'04"	
East 91.36 feet to a concrete	monument (#7245);	thence leaving said Northerly top	o f bank	o f the	old abandoned	
Centerville	Road run North	&9° 56'06" East along tlie North boundary of Section	15, Township	I North,	Range	I .East,	
Leon County, Florida,	a distance of61.68 feet to the Point o f Beginning.													
LESS AND E X C E P T																									
PARCEL I																												
A 5.34 Acre portion o f a 258.87	Acre parcel o f land	lying	in Sections 14	and	15. Township	I North,	Range	J East.	
Leon County, Florida, recorded in Oflicinl Records Book 4866, Page 1087 of the Public Records of Leon County,

Florida,	and being more particularly dest.Tibed as follows: (Note: SCM denotes "set concrete monument")			
COMMENCE at an old axle marking	ihe Northwest	Comer o f Section  14	and the Northeast comer o f Section	15,	
To\\1JShip  I	North, Range	I East, Leon County, Florida, and nm South	00°	18'05" \Vest along the West pounclnry	o f	
said Section	14 a distance	o f	1303.41	fc:ct to a SCM	(#7245);	thence	South	89° 41'56" East 368.75	feet to a SCM	
(#7245) marking the approi.:imate 89. 7 contour o f Dove Pond,; thence Easterly	and Southeasterly	along said con\our as	
follows:	North	75° 05'36" East	140.10	feet to a SCM; thence	North 64° 16' 10" East 82.30 feet	to a SCM	(#7245);	
thence	North	71 ° 06'34" East	108.26	fc:ct to a $CM	(#7245);	thence	South	37° 38'45" East 94.60	feet to	a SCM	
(#7245); thence South 01 ° 04'48" East	115.07 feet to	a SCM (#7245);	thence	North 84° 38'40" East	77.61	feet to a	
SCM (#7245): thence North 38° 44'32" East 121.10 feet to a SCM (#7245); thence North 66° 39'5 I" East 78.04	feet to	

SHEET9 OF 12
	I SCALE:						PROJECT	NO: I		saso-01		
	i	FlELD	llOOlt:				SURVEY		OA.lE:					
		CAD	NO.:		5850-01 COO !ltlD		ISSIJ!: OA.TE!	-	09 ZO 2016			
11,	..;DR...	AV,!l;,.;	B"Y,;,_	l-	-  ·";; ;A'ia:, - - -	..--':REl/lSlO!l'='"":cc	:		o'" g','"''J n/ 20 ;&		
											
]	Cttc:CKEO BY:		CMT		REV1SlON:			I		
v	jIi NCG

N o a & a CON$UL111'4G OIIOUP, IHC,

2 I U l'ABl.D AvtHUt, fM.l ASStt,   tLOfttO,\. S2.5U
i f.l@:J2H  rH: MQ•SIS.:.!111 rAX: BSO-.JH- ..04 W'fll NC.COM       E8f_71,0

SKETCH OF DESCRIPTION
FOR
CANOPY at WELAUNEE

Community Development

District
IN
Section 1'I & 15, Township 1 North, Range I East
LEON COUNTY

LEGAL DESCRIPTION (Continued)

PARCEL 1

(Continued)

a SCM (#7245); theni;e North 60° 37'14" East 98.78 feei to a SCM (#7245): thence South 42 ° 36'50" East 132.12 feet to a SCM (#7245); thence North 69° 42'39" East 78.94 feel 10 a SCM (#7245); thence Nonh 48° 23'19" East 95.04 feet
to a SCM	(#7245); thence South 78° 47'24" East	102.57 feel lo a SCM (#7245); thence South	54° 50'50" East 73.35	
feel	to	a SCM (#7245); thence	South 46°  34'23''	East	118.72 feel	to		a SCM	(#7245);	thence	South 43° 57'44"	East	
160.31	feet IQ	a SCM (#7245);	tln:nce.Souih	46° 23'04" East	123.39	feet to a SCM	(#7245): thence South 40° 35''2.3"	
East	103.26	feel to e SCM	{#7245);	thence South	21 ° 52'54"	East		84.32 feet to	a SCM	(#7245); thence	South	
63° 37' 18"	East	108.67	feet 10 a SCM	(#7245);	thence	South	51 ° 05' 19" East 94.62	feel to a SCM (#7245);	thence	
South 52° 02'55"	East	106.31	feel to a SCM	(#7245);	thence: South 44° 37'37" East	102.96	feet to a SCM (#7245);	
thence South S6° 03'37" East 88.68 feet to a SCM (#7l45); thence South 75° 48'30" East 99.41	feetto a SCM (#7245);	
thence South 57"01'17"	East 95.90 feet to a SCM (#7245);	thence South 59° 45'49" East	192.15 feet to a SCM (#7245);	
thence South 40° 57'38" East 72.00 feet io a SCM (#7245)	on the North bounda1)' o f the Miccosukee	Greenway	Park	
as recorded in Official Records Book 2122, Page	I 039 or the Pllblic Records o f Leon County,	Florida; thence	leaving	
said contour run Westerly along the North boundary	o f the Miccosukce Greenway Park 11s follows: South 88° 40'4:5"	
West 313.60	feet to a 2 1/2" aluminum	pipe (#732);	thence South	15° 37'42'' West 520.42	feet to d 2 112"	aluminum	
pipe (#732);	thence South 73 ° 07'41" West 371.62	feet to a 2 1/2" aluminum pipc(#732);	thence	South	12°'.20'21"	West	
698.80 feet to a 2 1/2" aluminum pipe (#732); thence	South 67° 25'28" West 1,262.10 feet to a 2 J/2" aluminum	pipe	
(#732);	thence	North 44° 02'50" West 428.45	feet to a point on a non-tangent	curve	to the left, thence southwesterly	
along said curve with a radius o f 6529.65 feet through a central	angle o f 02° 04'08" for an	arc distance o f 235.77 feet	
(the	chord o f	said ere being South 65° 14'14"	West	235.76	feet)	to		a 2 1/2" aluminum	pip e (#732); thence	South	
64"10'4I"	West 309.99 feet to a 2 1/2" aluminum	pipc(#732);	thence	South 53° 55'00" West	1374.71	feet to a 2 1/2"	
aluminum	pipe(#732): thence North 89° 56'37" West 260.48 feet to the POINT OF BEGINNING.					
From said	POINT OF BEGINNING tl1ence	continue	North 89° 56'37" West 843.84	feel to a 2 1/2''	aluminum	pipe	
(#732);	thence South 80° 23'55" West 854.80	feet to a concrete monument (#.3562) on a non-tangent curve to the left	
on the Northerly	right o f way boundary o f Fleischmann	Road, thence	leaving said North boundary o f the Miccosukee	
Greenway	Perk run westerly along said	rigl11 of way boundary	curve		with a radius	o f 592.25	feet through a central	
angle o f 10° 2 1 '58" for an arc distance o f 107.15	feet (ihe chord	o f said arc being Nonh 71 ° 58'18" West	107.01	feet)	
to a rod and cap (#3562) marking the Southeast	comer o f property	described in Official	Records Book	1976,	Page	
2121	o f the Public Records o f Leon County,	Florida;	thence North 70° 27'20" East along the Southcasterl)• boundary	
o f said property	126.80 feet to a SCM (#7245); thence North	13° 06'27" East along said Southeasterly	boundary	59.27	
feel	to a found	iron rod with aluminum		cap (#3293)	marking	the	Southwest	comer	o f property recorded	in Official	
Records	Book	2792,	Page 765	o f the		Pllblic	Records	o f Leon	County, Florida;	thence	Easterly.	Nonherly  and	
Westerly along	the boundary	o f said property as		follows: North S 1°23'36" East 179.35	feet to a rod and cap {#3293 );	
thence Nonh	89°4 1'14" East	1499.02 feet to an	iron rod and cap (#3562), thence run South	08 degrees	19	minutes 40	
seconds	EIISl	112.83 feet to !he	POINT		OF	BEGINNING. The above	described parcel contains 5.34	acres more or	
less,																																		
LESS AND EXCEPT																											
PARCEL2																															
A 1S.95 Acre Parcel localed in Section	15, TO\\nship	l North,	Range	I	East, Leon County. Florida, more particularly	
described	as	follows:																												
COMMENCE	al a found old ax.le marking	the	Northeast	Comer	o f Section	15, Township	I North,	Range	I	Easl	
Leon County, Florida, and run thence South 89 degrees	56 minutes	06 seconds	West along the north boundary	of said	
Section	15	for a distance o f 430.00 feet;	thence		departing said nonh	boundar)' run South	27 degrees	10	minutes 59	
seconds	West for a distance o f 3564.33	feet to a point marking the northeast comer o f a parcel	as recorded	in Official	
Records Book 1976, Page 2121 and Official	R ords Book 2792,	Page 765 o f the Public	Records o f Leon County,	
Florida; thence run along the northerly boundary	o f said parcel the following	courses:	South 84 degrees	37 minutes	
46 seconds West for a distance of917.42	feet; thence nm North 66 degrees 06 minutes	52 seconds West fora distance	
o f 484.23	feet to e point on a non-tw1gent	curve lo the left; thence	departing said northerly boundary run along said	

SHEET 10 OF 12

SC,,,L!,		PROJECT ND, I				
FlEtD 8001<,								
		SURVEY	DA TI;,!				
CAONO:.	SS 0-(11  c.or  Biol!)  SSUEI OAIE,	09  o 2\i!fi		
"' :E-i""yec:c\	c.-1,--- ::-::,;,,T---; :c-:::::: :	-	i	D9=	/JO l016		
	NCG		
I1.1 -l:!J ,:a      :-t::·	. ./=·wH n• J		
.	"IC	C O N I U l 1 1 N G o a o u l ' , I H C .		
		1		

SKETCH OF DESCRIPTION
FOR
CANOPY at WELAUNEE
Community Development
District
IN
Section 14 & 15, Township I North, Range 1 East

LEON COUNTY

CC-?"fP.lt;..'-(T 201!

L E G A L D E S C R I P T I O N	(Continued)																																							
PARCEL2																																																						
(Continued)																																																						
curve	with	a central	angle	of 15  degn:es 10 minutes	29 seconds	and a radius	of	1440.00	feet	for	an	arc	distance	o f	
381.39 feet (chord of said	curve bears South 47 degrees	17		minutes	58 seconds		West 380.27	feet);	thence	departing	
said curve	run North	50 degrees 17 minutes 17 seconds	West for a distance	of .120.00		feel to a point	on	a non-tangent	
curve concave southeasterly	and	the POINT OF BEGINNING.																															
From said POINT OF BEGINNING thence run southwesterly	along said curve with a radius o f 1560.00	feet through a	
central	angle o f 01	degrees	00 minutes	56 seconds for an arc distance of 27,65	feet (chord	of 27.65 feet bears Souih 39	
degrees		12	minutes		15 seconds West),lhence run South 38 degrees 41	minutes		47	seconds	West	for	a distance		of	
220.85	feet to a point of curve	to	the right; thence	run	southwesterly	along said		curve	with	a radius	lif	1440.00	feet	
through		a central	angle	of	l O degrees	09 minutes 53 seconds for an arc length	o f 255.46	feet (chord	o f 255.13	feet	
bears South 43	degrees 46 minutes	43	seconds West); thence run South 53 degrees	00	minutes	40 seconds	East for a	
dis1ance	of	175.66		feet	to	a point	on	a non-tangent	curve	co.ncave	northwesterly;	U1ence	run	South	57	degrees		52	
minutes		51	seconds		West for a distance o f 622.09	feet; thence run South 56	degrees	54	minutes	3 7 seconds	West for a	
distance	of 69. I 5 feet; thence run South 66	degrees	36 minutes	42	seconds West	for a distance	o f 52.32	feet to a point	
on a non-tangent	curve	to	the left; thence nm along said curve	with	a central	angle	of 03	degrees	31		minutes		43	
seconds		and	a radius	of	1603.SO	feet for an	arc distance	of 98.75	feet (chord o f said	curve bears	South	SI	degrees	47	
minutes		40	seconds		West)	to a point on II	reverse	curve	IQ	the right;	thence	run along	said	curve	with a central	angle	
of I 07	degrees	08 minutes	28 seconds	and a radius of 95.00	feet for an	arc distance	of	177.65	feet {chord	of said curve	
bears	South	76 degrees 23	minutes	··s	seconds	East	I 52	87	feet)	to a roint	on	u compound	cun.c	10	the	right.	!hence	
run northwe	terl)	nlong	aid CUl"\C	\\Hit o cxn1ml	angle of 22	degree	-12	mmulc	40		conds	and	a radius	of 676.69	
f ct for an	nrc d1	t3nc:e of 268	23  feet fchord	uf s111d	curve	bears	North	! I dcgn: s 2	mmul		24			conch		Wes1	266 -18	
f«l). thence depnrt.mg smd		curve	nm	onh 00 degm:5  13 mimu		5:i	second		We,-1		for	a distance	o( 76126	fec1,	
1hcnce	run	outh	89	tlegrees 46 mmu1.:s 05 seconds\	,	ror a d1s1ance	of 20 00 reet.	thenc,: nm Nonh 00 degn.-cs		13	
mmul	55		sc	onds	We	I	for	a dis1once	of	158	50	feet.	1hencc	lctwmg	lhe e	terl		nghl	of	WII}	boundar y or so,d	
Fk1slum111	Road	run	North	89 degrees	4-l mmutes 36 seconds Eas1	for	a distnnix		of	797	55	foci. tl1encc	run . 0111h		72	
degri:cs		11		minulC'I	7	seconds	East	for	a	di	lance	of	70 85	(e.!I	10	a p,;1in1		on	a	non-iangem	curve	ont:Jve	
southcas1erly:	thence nm northeaster!}	long	said cur,c	with	a rndius	of .f70.00	feel	through	a central		nngk	ol		12	
t:ll:grccs		12	n11m11cs		40  c -onds for an	arc	d!Slancc	of	I 00	17	feel	(ch	rd	of 99 98		feel bc:-ars			onh	23	degrees		5	
mmutc:5		.fJ		5ewnds	Eas1).	tJ1e11cc	run	1':onh		O degrees	01		mmu1c	03	econds		Eas1		for	II	d1S1ancc	of	810.63	feet.	
thence	run	·ou1l1	·9	dcgn:c.	39	minu1es 15	seconds	East	for a d1s1a11ce	of 389.83		feel. then	e run		North	67 degrees		22	
mmules		17	seconds		Eas1.	for a d1 rnnce	of		·59	16	feel. thence	run	South	78	degree·	59 rn111111es	50 second.	Eas1	lbr a	
dist nee		of	I ·7 40	foct	10	a pom1	on a non-1angcn1	CUl'"IC	conca,,:	soulhcas1erl}.		thence	run	nonhcasrcrl)		nlo11g	n1d	
cnn e w11h	II	radius	or 720	on	l\!c1	1hrough		II	central	angle	of Ol	d grc		00	m111u1es	23	seconds	for an	ore	dislDnce		of	
12.65	foet	(chord	of	12.65	foci betm Nonh 09 degrees	37	mtnut1."S	21	second	East).	thence	run	North	l!J	dcgl'C\..'S		07	
mmu1es		32	seconds		l-.ns1	for	a d1ston	c or 43	72	feel	to	a poin1	of CUl'\C	I	lhc	righ1,	thence run	nonhc:i.stcrl}	ulong	
s111d cur.c	\\ilh	n mdius of 420 00	fttl	through	a cenual	1111glc	nf 30	degrees	47 mmmc:s	32	seconds	for an	ore	d1sian		
of 22 • .72	fec1 (chord ol	223	0 I feel bears	Nonh 25	degrees	JI	m111u1cs	18 secontb	E:ist),	thcJ1			run	Nonh 40 degrees	
55 mmutes	0-l sc onds Ens1	for	o d1sumce	of 222.J.f	feet Inn p<>im	or curve	tu	lht: right: 1hen	e run	nonheastcrl}	along	
said curve	\\ith a radius	of 25	00 fc:ct through	a 1.-c111ral		angle	or	80 deg.re		8	minutes	06.	ond!	for	.in	tm:	d1	lllnce	
or 35.3J	r ct	(	hord	o f 32	46	feel	bears		onh	81	degree,	24	mmutcs	07	s1:co11ds		Ens1)	10	a po1111		of re,		.: curve	to	
lhe let\;		1hcn	I?	run	sou1heos1e_rl		along	srud	curve	\\Ith	a rod1u		of 335	00	fc:c1	1hrough		a		mral	angle	Clf	21		degrees		37	
mmu1			10	,cconds		for	11n	on:	di	umix of 126 .f 1 feet	!chord	of	125.66  fl!l:1	bears		outh	68	degrees	5·	minu1cs		25	
si:c:onds		Ea t)·	thence run. outh	79	deg.re:,:		-1-l	minu1cs 00. c	nds	Eas1	fur	a d1 1nn "l:		or 761	76	1«110	po1111 of cul"c	
10 die	right.	thence		run	sou1h ns1crly	along	said	curv	whh	a radius	or 965.00	fi:.::1	through	a cen1ral		angl		of		42	
degrees		43	minutes		47 seconds	for an	arc distance of 719.67 feet (chord of 703.11		feet	bears	South	58	degrees		22	
minutes		07	seconds		East) to	a point of compow1d	curve to the right: thence run southwesterly	along said	curve with a	
radius	of215.00	feet through	a central angle	of 89	degrees		18	minutes 00 seconds	for an	arc distance	of 335.09	feet	
(chord of302, 19	feet bears South 07 degrees	38 minutes 47	seconds	West) to a.point of compound	curve to the right:	

SHEET 11 OF 12

	PROJECT t,0:	5551l-OI	
lr--,a .,,,,- -t.,;= -=:.:-.;c;::1-	: : ; : ...::-,,:, ;.:: :,·  -	,.,.=,2!!=112==0,e - ' I	
	R£\<SIOII:	O? 'J0/2016	
	REVISlON:		
NCG7

HOllm CCIHSUl.11HG  CHIOUP, IHC.

SKETCH OF DESCRIPTION
FOR
CANOPY at WELAUNEE

Community Development

District

IN
Section 14 & 15, Township I North, Range 1 East
LEON COUNTY

-U'4 PABlD AYEHU[. TI\UAH,1,SJ:U, flDlbOA, J2W	t a H..L		
LIIUIJi  flH:  UO-Jl,-IJ._tl l 'lc:  f-'04	WWW,NCGINC.CO\I			
CCOYRIQi-i<'	2G1i			

LEGAL D.ESCRIPTION (Continued)		
PARCEL2				
(Continued)				
thence run	southwesterly	along said curve with a radius of 635.00 lee! through a cenlrill angle o f 55 degrees 17	
minutes 11	seconds for an	arc distnncc of 612.73 feet (chord of 589.23 feet bears South 79 degrees 56 minutes 22	
seconds West) to a point o f reverse curve to the left; thence run northwesterly along said curve with a radius of	
2060.00 feet through a central angle of	29 degrees 22 minutes 02 seconds for an arc clisiance o f 1055.87 feet (chord of	
I 044.35 feet bears North 87 degrees	06 minutes 04 seconds West); thence run South 76 degrees 08 minutes 21	
seconds Wesl for a distance of 121. 79 feet to a point on a non-tangent curve	concave southeasterly; thence run	
southwesterly along said curYe with a radius of 1456.34 feet through a central	angle of 39 degrees 29 minutes 05	
seconds for an arc distance o f 1003.62 feet (chord of 983,88 feet bears South 58 degrees 03 minutes 40 seconds Wesi) to the POINT OF BEGINNING. The above described parcel contains 75.95 acres, more or less.

The above described parcel contain an aggregate of424.17 acres more or less.

SHEET 12 OF 12

i		$CAL!::		PROJ!:CI	'10: I	55SO-OI		
	B O O	:				-;;SU	V	D 4 l		£: l,-	. . . - ,	=  ,....., I		
		CAD	NO ..:		sas  -01  co-:i JaNlll	; , ;" = ' ° ; , . ," : ,a	"		I	09/20/2016_			
						,ssur	o A m							
)		OR/<WII BY;	AAfi	Ro\.'ISll)!j:				09/30/21,;l6			
f				C!,11	Rt:\.'151011:								
		CH£Cl<[O BY;										

ESCRIPTION
CommunitySKETCHOF FORDevelopment

ANOPYDistrictatWELAUNEE

IN
Section 14 & 15, TownshipCOUNTY1orth,Range 1 East
LEON

j !!#MU

APPENDIX B - Land Use Map and Concept Plan

Page I 28

!
111 I I

I j		- =-	I \I	(, l				
	...-		I	}				
l		I I						
_						G	"		
!		_ ---- 1	'::--/.				

			PUD STATISTICS		LEGEND		I		la		
											
		EMPLOYMENT CENTER I	25.D AC	□-"""""'					
		NEIGHBORHOOD CENTER			-	NEIGHBORHOOOCeHlER					
		LOW I MEDIUM DENSITY	94.5 AC	D	'r 'bluAC)	l!• i1		
		RESIDENllAL	145.0 AC		JiEDIUMMIGHDENSITY			
		MEDIUM/ HIGH DENSITY			RE810ENTW.( 1DDUIAC)	iUi I		
		RESIDENTW.						1	1			
		HlGH DENSITY I MLl..n-FAMLY	54.0 N;,			SPACE					
		R E S I D E N l W .				==m-OPEN_	v(iF rt:		
									Id11 I		
		PRIMARY OPEN SPACE	143.8 AC	-	SIORMWAm,DETENTIONAAEA			1		
(),  -		lll'«:l.8T0RlfNATERAREA)										
• ,,:[. I I	STORMWATER DETENTION AREA				S C H O O L , - - n i	15:j		
											
,,I \'It .			,*-\	ICMCf,t,CUlY			1			
				CQffD:I	_ , . ., _					
	J , A									
					llllllllt&.W"'Ul,f,IDRAIKM,					
						- • -	'1/0AUNAY						

L

		Q		
		.,,i:;:		
		G':im§		
		/		
		-J		
		N		
600	12,00	CJ fh		
		,u		
.=-£,i	Feet	I t )		
':,·1) TOPOGRAPHY SHOWN PER TAU.AHASSEE-1.EON COUNTY GIS (NAVD88i				
2) T l £ HOIY. C0MfORTcR PROPERTY NIO l H E MICC05UKEE GREENWAY ARE NOT PART OF lHE PUD.		:: ,		
				
3) LOCATION, SIZES, AND NUMBER OF STORMWATER PONDS. AND LAND USE BOUNDARIES ARE CONCEPTUAL AND SUBJECT TO CHANGE.	S!		
			
		u:; (J		

'		'	'			
						
.,		' '				
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HOLY COMFORTER

		/.											
	,f /	..,										
		.,/ I --------..._	--------	-...., _ _ _	____________		,-,		
	, y " ' l ' /	,,,					..-:,- N--·"v··.._.._..__.._.._.._.._-				
	--/ <i:;					FIJ:1sc11,					
--------	<:,> /									-. ---- .			
	4 ;(/ /							,.,,,_	"				
1,"..._------...---.. \ ,\		'OF				-----i r·----\		
	;I;!						\..)	:		
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		\I\l	I  _,,;	,, ",,		,,,		
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		!	i	\ \	.,,..--,;;,. .. ..--				
---------/		[_---:;::::'>/				

.;-_". --

. /  --
·, __. /

LEGEND

IFEH SPACE

COMMERCIAL l(Slll\JTIONAL
UULl l - FAMUY. RESIOOmAL

SNGI.E FAMILY RE5IDDfflAl MIJLTI-USE PA1H
UNPAVED TRAIL

MICKOSIJKE[ GREENWAY (EXISTING UPA D lRAIL)
EX, PICNIC TABLES

EX. WATtA TQYIER

E l C . P  A R E " -

UNIT BOUNOAAY

UNIT NWRE'R
GPI
Grc=man----Pcdcncn, Inc.

tfll1ES.
I ) lHlS PLAN IS CONCEPnJAL AND SUB.£CT l O OfANGE.
2) UNllS AND PHAS£S MAY BE PERFORMED OUT OF NUMfRICAL ORCfR. 3) lHIS P U N IS BASED OFF OF GfS DATA AN> IS NOT FOR PERMITIINO
OR CONSTRUCTION.

APPENDIX C -Vehicular Circulation Plan

Page I 31

											
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		-=-	=	::;,\1	111		,,,,-			
		I 1I	1t=I		J1L	1 /				
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-:/	i51									

'!
'	,  '\. 1

	\ I

					I																	
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			/	/ JIii	,	.														
					v																
		- ,	/ .iv$>	/	/		.  . _--- - -	CJTII,._											
																			
					/					- - : _- : _ -		Dft										
			/						-	-	-JV											
												----.......___----							
			/							- -		. . ; ! , \ U	/			-						
																							
	_	f .		C A T	IONS OF ROADWAYS SHOWN ARE PRELIMINARY AND SUBJECT TO CHANGE n, F1NAL DESIGN.		
				2.		NEW ROAl>WAYS ARE PROPOSED IN ADDmON TO THOSE SHOWN ON THIS MAP.	=		GREED UPON BY THE		
			!:		=t J L    i c ° : t		. : i -						
						!;,."ci t					J										
			5.				SIGNALS AND OTHER TRAFFIC CIRCLE OPTIONS AT THE DISCRETlON OF THE DEVELOPER WILL BE		
	_,.. _			INSTAllEDBYTHEDEVB.OPERASWARRANTEDBYOPERATIONAL	TRAFFIC DEMANDS.					
	I" l		0,		lRAFFICCONTROLS	FOR PROPOSED Bl<ETRAI.CROSSINGS	TOBE FINALIZEDATTHETIMEOF	PRELIMINARYPLAT		
		_				APPROVAL															
j			7.		THE FllW. DESIGN OF DEM'SEY MAYO ROAD COLLECTOR s m f E T CROSs-sECllON SHALL CONSIDER APPROPRIATE		
Ji					O N		OF DISl\RIANCE TO THE CANOPY ROAD lREE PRO-racnoN ZONE AND THE !.ICCOSUKEE GREENWAY		

- LEDGEND
PRINCIPAL ARTERJAL

COLLECTORSlREET

EXISTING TRAFFIC CONTROL DEVICE

PROPOSED TRAFFIC SIGNAL OR TRAFFIC CIRCLE

PROPOSED NUMBER OF LANES N O LANE ORECTIOH

														--		
													.,,,,,...,,,,, ,,,,.,		
												..,,,,,.,::::...,,,,,,.			
								.,,,,.,.,,,,,.	.,,.,.. .,,.,..				
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APPENDIX D - Concept Utility Plan

Page I 33

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APPENDIX E-Concept Stormwater Plan

Page I 35

{.........   -  )

SECTION 2

AMENDED MASTER

ASSESSMENT METHODOLOGY

FOR

CANOPY

COMMUNITY DEVELOPMENT DISTRICT

Date: July 10, 2018

Prepared by

Governmental Management Services - Central Florida, L L C

135 W. Central Blvd, Suite 320
Orlando, F L 32801

Table of Contents

1.0 Introduction	3
1.1 Purpose	3
1.2 Background	3
1.3 Special Benefits and General Benefits	4
1.4 Requirements of a Valid Assessment Methodology	5

1.5 Special Benefits Exceed the Costs Allocated	5

2.0 Assessment Methodology	5
2.1 Overview	6
2.2 Allocation of Debt	6
2.3 Allocation of Benefit.	7
2.4 Lienability Test: Special and Peculiar Benefit to the Property	7
2.5 Lienability Test: Reasonable and Fair Apportionment of the Duty to Pay
Non Ad Va lo rem Assessments	7

3.0 True-Up Mechanism	8

4.0 Assessment Roll	8

5.0 Additional Disclosure	8

6.0 Appendix	10
Table 1: Development Program	10
Table 2: Infrastructure Cost Estimates	11
Table 3: Bond Sizing	12
Table 4: Allocation of Benefit..	13
Table 5: Allocation of Benefit/Total Par Debt to Each Product Type	14
Table 6: Par Debt and Annual Assessments	15
Table 7: Preliminary Assessment Roll	16

2

1.0	Introduction

	The Canopy Community Development Disll'ict is a local unit of special-purpose government organized and existing under Chapter 190, Florida Statutes (the "District"), as amended. The District plans to issue up to $110,000,000 of tax exempt bonds in one or more series (the "Bonds") for the purpose of financing certain public infrastructure improvements within the District, more specifically described in the Master Engineer's Report dated August, 2017 prepared by Greenman-Pedersen, Inc. as may be amended and supplemented from time to time (the "Engineer's Report" and the plan of improvements set forth therein, the "Capital Improvement Plan'' or "CIP"). The District anticipates the constmction of infrastructure improvements consisting of improvements that benefit property owners within the rnstrict The Capital Improvement Plan is planned, designed, and will be permitted to function as one interrelated and integrated system of improvements benefiting the lands to be developed within the District Components of the system, including those within and without the boundaries of the District, are described in more detail in the Engineers Report and are necessary to develop all units anticipated within the District

1.1	Purpose

	This Amended Master Assessment Methodology Report (the "Assessment Report"} provides for an assessment methodology for allocating the debt to be incurred by the District to benefiting properties within the District. The Assessment Report allocates the debt to properties based on the special benefits each receives from the Capital Improvement Plan. This Assessment Report will be supplemented with one or more supplemental methodology reports to reflect the actual terms and conditions at the time of

the issuance of each series of Bonds. This Assessment Report is designed to conform to the requirements of Chapters 190 and 170, Florida Statutes, with respect to special assessments and is consistent with our understanding of case law on this subject.

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

1.2	Background

	The District currently includes approximately 424 Acres in within the City of Tallahassee, Leon County, Florida. The development program currently envisions approximately 1,001 residential units and a church (herein the "Development"). The proposed Development program is depicted in Table 1. It is recognized that such land use plan may change, and this Report will be modified accordingly.

3

The improvements contemplated by the District in the CIP will provide facilities that benefit certain property within the District. The CIP is delineated in the Engineer's Report. Specifically, the District will construct and/ or acquire the Development stormwater management system, sewer and water systems, onsite roadway improvements, parks, open space and right of way improvements, recreational improvements, Dove Pond Storm.water Management Facility and wetland mitigation. The acquisition and construction costs are summarized in Table 2.

The assessment methodology is a four-step process.

1.	The Dishict Engineer must first determine the public infrastructure improvements and services that may be provided by the District and the costs to implement the CIP.

2.	The District Engineer determines the assessable acres that benefit from the District's CIP.

3.	A calculation is made to determine the funding amounts necessary to acquire and/ or construct CIP.

4.	This amount is initially divided equally among the benefited properties on a prorated gross acreage basis. Ultimately, as land is platted, this amount will be assigned to each of the benefited properties based on the number of platted units.

1.3	Special Benefits and General Benefits

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

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

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

1.4	Requirements of a Valid Assessment Methodology

4

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

1)	The properties must receive a special benefit from the improvements being paid for.

2)	The assessments must be fairly and reasonably allocated to the properties being assessed.

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

1.5	Special Benefits Exceed the Costs Allocated

	The special benefits provided to the property owners within the District are greater than the costs associated with providing these benefits. TI1e District Engineer estimates that the District's CIP that is necessary to support full development of property will cost approximately $90,900,000. The District's Unde1writer projects that financing costs required to fund the infrastructure improvements, including project costs, the cost of issuance of the Bonds, the funding of debt service reserves and capitalized interest, will be $110,000,000. Additionally, funding required to complete the CIP is anticipated to be funded by Developer. Without the ClP, the property would not be able to be developed and occupied by future residents of the community. The

anticipated costs of the CIP may vary based on various factors, including final Development plan, construction costs, market conditions and other factors.

2.0	Assessment Methodology

2.1	Overview

	The District is planning to issue up to $110,000,000 in Bonds to fund the District's CIP, provide for capitalized interest, a debt service reserve account and cost of issuance. It is the purpose of this Assessment Report to provide for the allocation of the $110,000,000 in debt to the properties benefiting from the CIP.

	Table 1 identifies the land uses as identified by the Developer and current landowners of the land within the District. The District has a proposed Engineer's Report for the CIP needed to support the Development, these construction costs are outlined in Table

2.	The improvements needed to support the Development are described in detail in the Engineer's Report and are estimated to cost $90,900,000. Based on the estimated

costs, the size of the maximum bond issue under current market conditions needed to generate funds to pay for the Project and related costs was determined by the District's Underwriter to total $110,000,000. Table 3 shows the breakdown of the bond sizing.

2.2	Allocation of Debt

5

Allocation of debt is a continuous process until the Development plan is completed. The CIP funded by District bonds benefits all developable acres within the District.

TI1e initial assessments will be levied on an equal basis to all acres within the District A fair and reasonable methodology allocat-es the debt incurred by the District proportionately to the properties receiving the special benefits. At this point a:µ of the developable lands within the District are benefiting from the improvements.

Once platting or assignment of development rights has beg u n (" Assigned Properties"), the assessments will be levied to the Assigned Properties based on the benefits they receive. The Unassigned Properties, defined as property that has not been platted or assigned development rights, will continue to be assessed on a per acre basis ("Unassigned Properties"). Eventually the development plan will be completed and the debt relating to the Bonds will be allocated to the planned 1,001 residential units and a church within the District, which are the beneficiaries of the CIP, as depicted in Table 5 and Table 6. If there are changes to Development plan, a h·ue up of the assessll'!-ent will be calculated to determine if a debt reduction or true-up payment from the Developer is required. The process is outlined in Section 3.0

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

2.3	Allocation of Benefit

	The CIP consists of the provision of the Development stormwater management system, sewer and water systems, onsite roadway improvements, parks, open space and right of way improvements, recreational improvements, Dove Pond Stormwater Management Facility and wetland mitigation along with related incidental/ soft costs. Table 4 shows

the allocation of benefit to the particular land uses. It is important to note that the benefit derived from the improvements on the particular units exceeds the cost that the units will be paying for such benefits. In the event that developable lands that derive benefit from the CIP are added to the District boundaries, whether by boundaiy amendment or increase in density, the special assessments will be allocated to such lands pursuant to the methodology described herein.

The benefit associated with construction or acquisition of the Improvements set forth in the CIP is proposed to be allocated to the different residential unit types in proportion to the density of development and intensity of use of the Improvements as measured by standard units called an Equivalent Residential Units ("ERUs11) . Table_ illustrates the ERU weights that are proposed to be assigned to the residential product types contemplated to be developed within the Dishict.

6

2.4	Lienability Test: Special and Peculiar Benefit to the Property

	Construction· and/ or acquisition by the District of its proposed CIP will provide several types of systems, facilities and services for its residents. TI1ese include a stormwater management system, sewer and water systems, onsite roadway improvements, parks, open space and right of way improvements, recreational improvements, Dove Pond Stormwater Management Facility and wetland mitigation. These improvements accrue in differing amounts and are dependent on the type of land use/lot size receiving the special benefits peculiar to those properties, which flow from the logical relationship of the improvements to the properties.

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

	For the provision of CIP, the special and peculiar benefits are:

1)	the added use of the property,

2)	added enjoyment of the property, and

3)	the probability of increased marketability and value of the property; and

4)	ability to develop all 1001 units and the church site.

TI1ese special and peculiar benefits are real and ascertainable, but are not yet capable of being calculated as to value with mathematical certainty. However, each is more valuable than either the cost of, or the actual non-ad valorem special assessment levied for the improvement or the debt as allocated.

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

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

The determination has been made that the duty to pay the non-ad valorem special assessments is fairly and reasonably apportioned because the special and peculiar benefits to the property derived from the acquisition and/ or construction of the Dishict' s CIP have been apportioned to the property according to reasonable estimates of the special and peculiar benefits provided consistent with the land use categories. Accordingly, no acre or parcel of property within the boundaries of the District will have a lien for the payment of any non-ad valorem special assessment more than the determined special benefit peculiar to that property and therefore, the debt allocation will not be increased more than the debt allocation set forth in this Assessment Report.

7

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

Please note that the purpose of this Assessment Report is to allocate the benefit derived from delivery of the Improvements to the various land uses in the District and based on such benefit allocation to apportion the maximum amount of debt necessary to fund the Capital Improvement Plan. The discussion of the structure and size of the indebtedness is based on various estimates and is subject to change.

3.0	True Up Mechanism

Although the District does not process plats, declaration of condominiums, site plans or revisions thereto for the Developer, it does have an important role to play during the course of platting and site planning. Whenever a plat, declaration of condominium or site plan is processed, the District must allocate a portion of its debt to the property according to this Assessment Report outlined herein. In addition, the District must also prevent any buildup of debt on Unassigned Property. Otherwise, the land could be fully conveyed and/ or platted without all of the debt being allocated. To preclude this, at the time Unassigned Properties become Assigned Properties, the District will determine the amount of anticipated assessment revenue that remains on the Unassigned Properties, taking into account the proposed plat, or site plan approval. If the total anticipated assessment revenue to be generated from the Assigned and Unassigned Properties is greater than or equal to the maximum annual debt service then no adjusbnent is required. In the case that the revenue generated is less than the required amount then a debt reduction or true-up payment by the landowner in the amount necessary to reduce the par amount of the outstanding bonds to a level that will be supported by the new net annual debt service assessments will be required. In the event that developable lands that derive benefit from the CIP are added to the District boundaries, whether by boundary amendment or increase in density, the special assessments will be allocated to such lands pursuant to the methodology described herein.

4.0	Assessment Roll

The District will initially distribute the lien across the property within the District boundaries on a gross acreage basis. As Assigned Property becomes known with certainty, the Dishict will refine its allocation of debt from a per acre basis to a per unit basis as shown in Table 6. If the land use plan changes, then the District will update Table 6 to reflect the changes. As a result, the assessment liens are neither fixed nor are they determinable with certainty on any acre of land in the District prior to the time final Assigned Properties become known. At this time the debt associated with

8

the District's CIP will be distributed evenly across the acres within the District As the development process occurs, the debt will be distributed against the Assigned Property in the manner described in this Assessment Report. The current assessment roll is depicted in Table 7.

5.0	Additional Disclosure

Governmental Management Services-Central Florida, LLC ("GMS") is not acting or providing services to the District as a Municipal Advisor, Financial Advisor or providing investment advice. GMS has prepared this report based upon information provided by the District's Engineer and Investment Banker in a form that meets the requirements of levying Special Assessments in accordance. with Florida Statutes.

9

TABLE 1

CANOPY COMMUNITY DEVELOPMENT DISTRICT

DEVELOPMENT PROGRAM

AMENDED MASTER METHODOLOGY

		Lot Size		ERU's			
	Product Types	Engineer's Report	No. of Units *	per Unit (1)	Total ERUs	
	Single Family - 20'	(26')	58	0.50	29		
	Single Family- 30'	(38')	42	0.60	25		
	Single Family- 30' (Attached)	(20'-29' & 36'}	207	0.50	104		
	Single Family- 40'	(40' &42')	174	0.80	139		
	Single Family- 40' (Attached)	(43')	24	0.60	14		
	Single Family- 50'	(52')	212	1.00	212		
	Single Family - 60'	(62' & 65'}	225	1.20	270		
	Single Family - 70'	(72')	17	1.40	24		
	Single Family- 80'	(85')	42	1.60	67		
	Church		1	0.5	1		
							
	Total Units		1,002		885		

(1) Benefit is allocated on an ERU basis; based on density of planned development wiith Single Family - SO' -= 1 ERU

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

Prepared by: Governmental Management Services - Central Florida, LLC

TABLE 2

CANOPY COMMUNITY DEVELOPMENT DISTRICT

INFRASTRUCTURE COST ESTIMATES

AMENDED MASTER METHODOLOGY

Capital Improvement Plan (11CIP11)   (1)	Total Cost Estimate	
On-Site Roadway Improvements	$	27,500,000	
Utilities Improvements	$	14,800,000	
Drainage and Stormwater Management System	$	22,800,000	
Parks, Open Space, and Right of Way Improvements	$	4,700,000	
Recreational Improvements	$	3,900,000	
Wetland Mitigation	$	800,000	
Professional Services, Permitting and Misc. Costs	$	8,900,000	
Contingencies	$	7,500,000	
	$	90,900,000	

(1) A detailed description of these improvements is provided in the Master

Engineer1s Report dated August, 2017.

Prepared by; Governmental Management Services - Central Florida, LLC

TABLE 3

CANOPY COMMUNITY DEVELOPMENT DISTRICT

BOND SIZING

AMENDED MASTER METHODOLOGY

Description		Total	
Construction Funds	$	90,900,000	
Debt Service Reserve	$	8,098,511	
Capitalized Interest	$	6,875,000	
Underwriters Discount	$	2,171,100	
Cost of Issuance	$	600,000	
Contingency	$	1,355,389	
Par Amount*	$	110,000,000	

Bond Assumptions:	6.25%		
Average Coupon			
Amortization	30 years		
capitalized Interest	12		
Debt Service Reserve	Max Annual D/S		
Underwriters Discount	2%		

* Par amount is subject to change based on the actual terms at the sale of the bonds

Prepared by: Governmental Management Services - Central Florida, LLC

TABLE 4
CANOPY COMMUNITY DEVELOPMENT DISTRICT
ALLOCATION OF BENEFIT

AMENDED MASTER METHODOLOGY

							% of Total		
	Product Types	No. of Units*	ERU Factor	Total ERUs	ERUs		
	Single Family - 20'	58	0.50	29	3.28%		
	Single Family u  301	42	0.60	25	2.85%		
	Single Famlly - 30' (Attached)	207	a.so	104	11.70%		
	Single	Family 40'	174	0.80	139	15.73%		
	Single	Fa mlly- 40' (Attached)	24	0.60	14	1.63%		
	Single Family- 50'	212	1.00	212	23.96%		
	Single Family- 60'	225	1.20	270	30.52%		
	Single Family- 70'	17	1.40	24	2.69%		
	Single Family- 801	42	1.60	67	7.59%		
	Church			1	a.so	1	0.06%		
									
		Totals		1,002		885	6.13%		

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

Prepared by: Governmental Management Services - Central Florida, LLC

TABLE 5
CANOPY COMMUNITY DEVELOPMENT DISTRICT
ALLOCATION OF TOTAL BENEFIT/PAR DEBT TO EACH PRODUCT TYPE

AMENDED MASTER METHODOLOGY

		Total Improvements		Allocation of Par					
		Costs Per Product		Debt Per Product		Par Debt		
Product Types	No. of Units *		Type		Type		Per Unit		
Single Family- 20'	58		$2,979,317		$3,605,335	$	62,161		
Single Family- 30'	42		$2,588,924		$3,132,911	$	74,593		
Single Family- 30' {Attached)	207		$10,633,081		$12,867,315	$	62,161		
Single Family- 40'	174		$14,300,723		$17,305,606	$	99,458		
Single Family- 401 (Attached)	24		$1,479,385		$1,790,235	$	74,593		
Single Family- so•	212		$21,779,837		$26,356,239	$	124,322		
Single Family- 60'	225		$27,738,472		$33,566,908	$	149,186		
Single Family- 70'	17		$2,445,095		$2,958,861	$	174,051		
Single Family- 80'	42		$6,903,797		$8,354,430	$	198,915		
Church	1		$51,368		$62,161	$	62,161		
Totals	1,002	$								
			90,900,000	$	110,000,000					

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

Prepared by: Governmental Management Services - Central Florida, LLC

TABLE 6
CANOPY COMMUNITY DEVELOPMENT DISTRICT

PAR DEBT AND ANNUAL ASSESSMENTS FOR EACH PRODUCT TYPE

AMENDED MASTER METHODOLOGY

				Allocation of Par		Maximum		Net Annual	Gross Annual		
								Debt	Debt		
				Debt Per Product	Total Par Debt	Annual Debt	Assessment	Assessment		
	Product Types	No. of Units *	Type	Per Unit	Service		Per Unit	Per Unit {1)		
	Single Family- 201	58	$3,605,334.54	$62,160.94	$265,434.92	$4,576.46		$4,920.93				
	Single Family- 30'	42	$3,132,911.39	$74,593.13	$230,653.79	$5,491.76		$5,905.12				
	Single Family- 30' (Attached)	207	$12,867,314.65	$62,160.94	$947,328.08	$4,576.46		$4,920.93				
	Single Family- 40'	174	$17,305,605.79	$99,457.50	$1,274,087.63	$7,322.34		$7,873.49				
	Single Famlly- 401 (Attached)	24	$1,790,235.08	$74,593.13	$131,802.17	$5,491.76		$5,905.12				
	Single Family- 50'	212	$26,356,238.70	$124,321.88	$1,940,420.81	$9,152.93		$9,841.86				
	Single Family- 60'	225	$33,566,907.78	$149,186.26	$2,471,290.65	$10,983.51		$11,810.23				
	Single Family- 70'	17	$2,958,860.76	$174,050.63	$217,839.69	$12,814.10		$13,778.60				
	Single Family- 80'	42	$8,354,430.38	$198,915.01	$615,076.78	$14,644.69		$15,746.97				
	Church	1	$62,160.94	$62,160.94	$4,576.46	$4,576.46		$4,920.93				
	Totals													
			1,002	$110,000,000.00		$8,098,511.00								

(1) This amount includes 7% collection fees and early payment discounts when collected on the Leon County Tax Bill

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

Prepared by: Governmental Management Services -Central Florida, LLC

fABLE 7

:ANOPY COMMUNITY DEVELOPMENT DISTRICT ?RELIMINARY ASSESSMENT ROLL

!!,MENDED MASTER METHODOLOGY

Parcel ID#	owner	
111525	00010	OB HOMES OF TALLAHASSEE LLC	
111525	00020	OB HOMES OF TALLAHASSEE lLC	
111525 00030	OX BOTTOM MORTGAGE HOLDINGS LlC	
111525 00040	OX BOTTOM MORTGAGE HOLDINGS LlC	
111525 00050	OX BOTTOM MORTGAGE HOLDINGS LLC	
111525 00060	STOTTS STACY JACKSON	
111525 00070	OX BOTTOM MORTGAGE HOLDINGS LLC	
111525 00080	OX BOTTOM MORTGAGE HOLDINGS lLC	
111525 00090	OX BOTTOM MORTGAGE HOLDINGS LLC	
111525 00100	OX BOTTOM MORTGAGE HOLDINGS LlC	
111525 00110	OX BOTTOM MORTGAGE HOLDINGS LLC	
111525 00120	UNGJEFFRfV	
111525 00130	OB HOMES OF TALLAHASSEE LLC	
111525 00140	0 8 HOMES OF TALLAHASSEE LLC	
111525 D0150	OX BOTTOM MORTGAGE HOLDINGS LLC	
111525 D0160	OX BOTTOM MORTGAGE HOLDINGS LLC	
111525 D0170	OX BOTTOM MORTGAGE HOLDINGS LlC	
111525 00180	HAGENBUCH GREGORY	
111525 H0010	OX BOTTOM MORTGAGE HOLDINGS LLC	
111526 80100	OB HOMES OF TALLAHASSEE	
111526 B0110	DX BOTTOM MORTGAGE HOLDINGS LLC	
111526 60120	OX BOTTOM MORTGAGE HOLDINGS LLC	
111526 80130	SCOTT GENEVIEVE	
111526 80140	PICKARD BETTY T	
111526 80150	WARDJACKD	
111526 80160	OB HOMES OF TALLAHASSEE LLC	
111526 B0170	OB HOMES OF TALLAHASSEE lLC	
111526 B0180	MILLER DANIELLE ELIZABETH	
111526 B0190	PANDIT NIRAJ	
111526 80200	TRAVIS JOSEPH A	
111526 B0210	OB HOMES OF TALLAHASSEE LLC	
Lll526 B0220	OX BOTTOM MORTGAGE HOLDINGS LLC	
111526	C0010	OB HOMES OF TALLAHASSEE LLC	
111526 C0020	OSBORNE DOUGLAS F	
111526 C0030	OB HOMES OF TALLAHASSEE LLC	
lll526 C0040	0 8 HOMES OF TALLAHASSEE LLC	
111526 C0050	OB HOMES OF TALLAHASSEE LLC	
111526	CD060	OB HOMES OF TALLAHASSEE LLC	
lll526 COO?O	0 8 HOMES OF TALLAHASSEE LLC	
111526 0)080	OB HOMES OF TALLAHASSEE LLC	
111526 C0090	OB HOMES OF TALLAHASSEE LLC	

lot/Block	Units	
L O T l BLOCKD	1	
LOT 2 BLOCK D	1	
LOT 3BLOCKD	l	
LOT 4 BLOCK D	1	
LOT 5 BLOCKO	l	
LOT6BLOCKD	1	
LOT7BLOCKD	l	
LOT 8 BLOCKD	1	
LOT9BLOCK D	1	
LOT 10 BLOCK 0	l	
LOT 11 BLOCK D	1	
LOT 12 BLOCK D	1	
LOT 13 BLOCK D	1	
LOT 14 BLOCK D	l	
LOT 15 BLOCK D	l	
LOT 16 BLOCK D	l	
LOT 17 BLOCK D	1	
LOT 18 8 LOCK D	1	
lOTlBlOCK H	6	
LOT 10 BLOCK B	1	
LOT 11 BLOCK B	1	
LOT 12 BLOCK B	1	
LOT 13 BLOCK B	1	
LOT 14 BLOCK B	1	
LOT 15 BLOCK B	1	
LOT 16 BLOCK B	1	
LDT 17 BLOCK B	1	
LOT 18 BLOCK B	1	
LOT 19 BLOCK B	1	
LOT 20 BLOCK B	1	
LOT 21 8 LOCI< B	1	
LOT 22 BLOCK B	1	
L O T l BLOCKC	1	
LOT2 BLOCKC	1	
LOT3 BLOCKC	1	
LOT4 BLOCKC	1	
LOTS BLOCKC	1	
LOT6 BLOCKC	1	
LOT7 BLOCKC	1	
LOTS BLOCKC	1	
LOT9 BLOCKC	1	

lot Size

so 40 50

40 so
40 so 40 so

40 50

40 so

40 so
40

50 so
40 62 62 62 52 52 65

60 60

60 60 60 60 60 62 62 62 62
62 60 60

62 62

		Total Par			Gross Annual		
		Debt			Debt		
Assessment Area	Acres	Allocation	Total Par Debt	Net Annual	Assessment		
		Per Acre[Unlt	Allocated	Assessment	Allocation (1)		
Assessment Area 1	N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
Assessment Area 1	N/A	$99,457.50	$99,457.50	$7,322.34	$7,873.49		
Assessment Area 1	N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
Assessment Area 1	N/A	$99,457.50	$99,457.50	$7,322.34	$7,873.49		
Assessment Area 1	N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
Assessment Area 1	N/A	$99,457.50	$99,457.50	$7,322.34	$7,873.49		
Assessment Area 1	N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
Assessment Area 1	N/A	$99,457.50	$99,457.50	$7,322.34	$7,873.49		
Assessment Area 1	N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
Assessment Area 1	N/A	$99,457.50	$99,457.50	$7,322.34	$7,873.49		
Assessment Area 1	N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
Assessment Area 1	N/A	$99,457.50	$99,457.50	$7,322.34	$7,873.49		
Assessment Area 1	N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
Assessment Area l	N/A	$99,457.50	$99,457.50	$7,322.34	$7,873.49		
Assessment Area 1	N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
Assessment Area 1	N/A	$99,457.50	$99,457.50	$7,322.34	$7,873.49		
Assessment Area 1	N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
Assessment Area l	N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
Assessment Area 1	N/A	$596,74S.03	$596,745.03	$43,934.06	$47,240.92		
Assessment Area 1	N/A	$149,186.26	$149,186.26	$10,983.51	$11,810.23		
Assessment Area 1	N/A	$149,186.26	$149,186.26	$10,983.51	$11,810.23		
Assessment Area 1	N/A	$149,186.26	$149,186.26	$10,983.51	$11,810.23		
Assessment Area l	N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
Assessment Area 1	N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
Assessment Arec1 1	N/A	$149,186.26	$149,186.26	$10,983.51	$11,810.23		
Assessment Area 1	N/A	$149,186.26	$149,186.26	$10,983.51	$11,810.23		
Assessment Area 1	N/A	$149,186.26	$149,186.26	$10,983.51	$11,810.23		
Assessment Area 1	N/A	$149,186.26	$149,186.26	$10,983.51	$11,810.23		
Assessment Area 1	N/A	$149,186,26	$149,186.26	$10,983.51	$11,810.23		
Assessment Area 1	N/A	$149,186.26	$149,186.26	$10,983.51	$11,810.23		
Assessment Area 1	N/A	$149,186.26	$149,186.26	$10,983.51	$11,810.23		
Assessment Area 1	N/A	$149,186.26	$149,186.26	$10,983.51	$11,810.23		
Assessment Area 1	N/A	$149,186.26	$149,186.26	$10,983.51	$11,810.23		
Assessment Area 1	N/A	$149,186.26	$149,186.26	$10,983.51	$11,810.23		
Assessment Area 1	N/A	$149,186.26	$149,186.26	$10,983.51	$11,810.23		
Assessment Area 1	N/A	$149,186.26	$149,186.26	$10,983.51	$11,810.23		
Assessment Area 1	N/A	$149,186.26	$149,186.26	$10,983.51	$11,810.23		
Assessment Area 1	N/A	$149,186.26	$149,186.26	$10,983.51	$11,810.23		
Assessment Area 1	N/A	$149,186.26	$149,186.26	$10,983.51	$11,810.23		
Assessment Area 1	N/A	$149,186.26	$149,186.26	$10,983.51	$11,810.23		
Assessment Area l	N/A	$149,186.26	$149,186.26	$10,983.51	$11,810.23		

0	ABLE 7	
:ANOPY COMMUNITY DEVELOPMENT DISTRICT	
'REUMINARY ASSESSMENT ROLL	
IMENOEO MASTER METHODOLOGY	

•arcel ID#	owner	
	!010	PARKER SHERYL K	
	!020	REEVES KATHERINE G	
	1()30	OX BOTTOM MORTGAGE HOLDINGS LLC	
	1()40	OX BOTTOM MORTGAGE HOLDINGS LLC	
	1()50	OB HOMES OFTALLAHASSEE LLC	
	!060	ELWOOD ANTON G	
	!070	0 8 HOMES OF TALLAHASSEE LLC	
	!080	OB HOMES OF TALLAHASSEE LLC	
	l090	OX BOTTOM MORTGAGE HotDINGS LLC	
	1100	OX BOTTOM MORTGAGE HOtDlNGS LLC	
	1110	0 8 HOMES OF TALLAHASSEE lLC	
	1120	OX BOTTOM MORTGAGE HOLDINGS LLC	
	1130	OX BOTTOM MORTGAGE HOLDINGS LLC	
	1140	OX BOTTOM MORTGAGE HOLDINGS LLC	
	1010	RONDON JESUSA	
	!020	OB HOMES OF TALLAHASSEE LLC	
	!030	OX BOTTOM MORTGAGE HOLDINGS LLC	
	I040	0 8 HOMES OF TALLAHASSEE LLC	
	IOSO	OX BOTTOM MORTGAGE HOLDINGS LLC	
	!060	0)( BOTTOM MORTGAGE HOLDINGS LLC	
	I070	O)( BOTTOM MORTGAGE HOLDINGS LLC	
	)08Q	OB HOMES OF TALLAHASSEE LLC	
	I090	0 8 HOMES OF TALLAHASSEE LlC	
	)100	OB HOMES OF TALLAHASSEE LLC	
	)110	OB HOMES OF TALLAHASSEE LLC	
	)120	OB HOMES OF TALLAHASSEE LLC	
	)130	OB HOMES OF TALLAHASSEE	
	)140	OX BOTTOM MORTGAGE HOLOJNGS LLC	
	)150	OX BOTTOM MORTGAGE HOLOJNGS LLC	
	)160	OB HOMES OF TALLAHASSEE LLC	
	1170	SNYDER SUSAN J	
	1180	OX BOTTOM MORTGAGE HOLDINGS LLC	
	1190	STOKES PATRICIA A	
.1	200	0 8 HOMES OF TALLHASSEE LLC	
.1	210	OB HOMES OF TALLAHASSEE LLC	
.1	1220	OB HOMES OF TALLAHASSEE LLC	
.1	)010	MACATANGAY RUBEN JR	
.1	)020	RUDD JOHN A	
.1	)030	OX BOTTOM MORTGAGE HOLDINGS LLC	
.1	)040	OB HOMES OF TALLAHASSEE LLC	
.1	JOSO	OX BOTTOM MORTGAGE HOLDINGS LLC	
.1	)060	FLURY JAMES M	

	Lotl_Block	Units	Lot Size	Assessment Area	
L O T l	BLOCK E	1	62	Assessment Area 1	
LOT2 BLOCK E	1	65	Assessment Area 1	
LOT3 BLOCK E	1	52	Assessment Area 1	
LOT4 BLOCK E	1	52	Assessment Area 1	
LOTS BLOCKE	1	52	Assessment Area 1	
LOT6 BLOCKE	1	52	Assessment Area 1	
LOT7 BLOCKE	1	52	Assessment Area 1	
LOTS	BLOCKE	1	52	Assessment Area 1	
LOT9	BLOCKE	1	52	Assessment Area 1	
LOT 10 BLOCK E	1	52	Assessment Area 1	
LOT 11	BLOCK E	1	52	Assessment Area 1	
LOT 12 BLOCK E	1	52	Assessment Area 1	
LOT 13	BLOCK E	1	52	Assessment Area 1	
LOT 14	BLOCK E	1	42	Assessment Area l	
L O T l	BLOCK F	1	50	Assessment Area 1	
LOT 2 BLOCK F	1	52	Assessment Area l	
LOT3 BLOCK F	1	52	Assessment Area 1	
LOT4 BLOCK F	1	52	Assessment Area 1	
LOTS BLOCK F	1	52	Assessment Area 1	
LOT6 BLOCK F	1	52	Assessment Area 1	
l 0 T 7	BLOCK F	1	52	Assessment Area 1	
LOTS BlOCKF	1	65	Assessment Area 1	
lOT 9 BLOCK F	1	52	Assessment Area 1	
LOT 10 BLOCK F	1	52	Assessment Area 1	
LOT 11	BLOCK F	1	52	Assessment Area 1	
LOT 12 BLOCK F	1	52	Assessment Area 1	
LOT 13	BLOCK F	1	52	Assessment Area 1	
LOT 14 BLOCK F	1	52	Assessment Area 1	
LOT 15	BLOCK F	1	52	Assessment Area 1	
LOT 16 BLOCK F	1	52	Assessment Area 1	
LOT 17 BLOCK F	1	52	Assessment Area 1	
LOT 18 BLOCK F	1	52	Assessment Area 1	
LOT 19 BLOCK F	1	52	Assessment Area 1	
LOT 20 BLOCK F	1	52	Assessment Area 1	
LOT 21	BLOCK F	1	S2	Assessment Area 1	
LOT 22 BLOCK F	1	52	Assessment Area 1	
LOT 1 BLOCKG	1	52	Assessment Area 1	
LOT 2 BLOCKG	1	52	Assessment Area 1	
LOT3 BLOCKG	1	52	Assessment Area 1	
LOT4BLOCKG	1	62	Assessment Area 1	
LOTS BLOCKG	1	52	Assessment Area 1	
LOT6BLOCKG	1	52	Assessment Area 1	

	Total Par			Gross Annual		
	Debt	Total Par Debt		Debt		
Acres	Allocation		Net Annual	Assessment		
	Per Acre/Unit	Allocated	Assessment	Alloc_atlon i l l		
N/A	$149,186.26	$149,186.26	$10,98351	$11,810.23		
N/A	$149,186.26	$149,186.26	$10,9B3.51	$11,810.23		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$99,457.50	$99,457.50	$7,322.34	$7,873.49		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$149,186.26	$149,186.26	$10,983.51	$11,810.23		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$149,186.26	$149,186.26	$10,983.51	$11,810.23		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		

'ABLE 7

:ANOPY COMMUNllY DEVELOPMENT DISTRICT

'RELIMINARY ASSESSMENT ROLL

1MENDED MASTER METHODOLOGV

.11526	60070	OX BOTTOM MORTGAGE HOLDINGS LLC	LOT7 BLOCK G	l	52		
.11526	GOOBO	OX BOTTOM MORTGAGE HOLDINGS LLC	LOTS BLOCK G	1				52		
.11526 ·G0090	OX BOTTOM MORTGAGE HOLDINGS LLC	LOT9BLOCK G	1				52		
.11526	G0100	OX BOTTOM MORTGAGE HOLDINGS LLC	LOT 10 BLOCK G	1				52		
.11526	G0110	0)( BOTTOM MORTGAGE HOLDINGS LLC	LOT 11 BLOCK G	1						
								52		
,ub Total Units						93						
.114204050000	O)C BOTTOM MORTGAGE HOLDINGS LLC	Assessment Area 3	651					
.115204050000	OX BOTTOM MORTGAGE HOLDINGS l l C	,ssment Area 2 (includes ctn	258						
:ub Total Units/Acres					909						
·otals							1,002					

		Total Par					Gross Annual		
		Debt	Total Par Debt	Net Annual	Debt		
		Allocation			Assessment		
Assessment Area 1	N/A	. . .	-- - - - - -		--·-· ··-	. ···----·-·· -		
		$124,321.88	$124,321.88	$9,152.93	$9,841.86		
Assessment Area 1	N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
Assessment Area 1	N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
Assessment Are.i 1	N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
Assessment Area 1	N/A	$124,321.88	$124,321.88	$9,152.93	$9,841.86		
			$11. 785,714.29		$867,697.61	933,008.18		

349.00	$243,104.67 $84,843,528.98 $6,246,420.48 $6,716,581.16 $243,104.67 $13,370,756.72 $984,392.91 $1,058,487.00
	$98,214,285.69   $7,230,813.39  $7,775,068.16404.00

$110,000,000   $8,098,511.00  $8,108,076.34

1) This amount Includes 7% to cover collection fees and early pavment discounts when collected utilizing the uniform method.

•repared by: Governmental Management Services - Central Florida, LLC

SECIION 3

RESOLUTION 2018-17

A	RESOLUTION   MAKING   CERTAIN   FINDINGS;
AUTHORIZING  A  CAPITAL  IMPROVEMENT  PLAN;
ADOPTING AN ENGINEER'S REPORT; PROVIDING AN
ESTIMATED COST OF IMPROVEMENTS; ADOPTING AN
ASSESSMENT  REPORT;  EQUALIZING,  APPROVING,

CONFIRMING  AND  LEVYING  DEBT  ASSESSMENTS;
ADDRESSING	THE   FINALIZATION   OF   SPECIAL
ASSESSMENTS; ADDRESSING THE PAYMENT OF DEBT
ASSESSMENTS AND THE METHOD OF COLLECTION;
PROVIDING	FOR  THE  ALLOCATION  OF  DEBT
ASSESSMENTS	AND    TRUE-UP    PAYMENTS;
ADDRESSING	GOVERNMENT   PROPERTY,   AND
TRANSFERS  OF  PROPERTY  TO  UNITS  OF  LOCAL,
STATE AND FEDERAL GOVERNMENT; AUTHORIZING
AN  ASSESSMENT  NOTICE;  AND  PROVIDING  FOR
SEVERABILITY,  CONFLICTS  AND  AN  EFFECTIVE

DATE.

WHEREAS, the Canopy Community Development District ("District") is a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, as amended

(the "Act") and located in Leon County, Florida; and

WHEREAS, the District has previously indicated its intention to construct certain types of improvements and to finance such improvements through the issuance of bonds, notes or other
specific financing mechanisms, which bonds, notes or other specific financing mechanisms would be repaid by the imposition of special assessments on benefited property within the District; and

WHEREAS, the District previously levied a master assessment lien on October 3, 2017, pursuant to Resolution 2018-02, which this Resolution is meant to supersede and replace; and

WHEREAS, the District Board of Supervisors ("Board") has noticed and conducted a

public hearing pursuant to Chapters 170, 190 and 197, Florida Statutes, relating to the imposition, levy, collection and enforcement of such assessments, and now desires to adopt a

resolution imposing and levying such assessments as set forth herein.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD
OF  SUPERVISORS  OF  THE  CANOPY  COMMUNITY

DEVELOPMENT DISTRICT AS FOLLOWS:

1. AUTHORITY FOR THIS RESOLUTION. This Resolution is adopted pursuant to Chapters 170, 190 and 197, Florida Statutes, including without limitation, Section
170.08, Florida Statutes. The recitals stated above are incorporated herein; are adopted by the Board as true and correct statements; and are further declared to be findings made and

determined by the Board.

2.	FINDINGS. The Board further finds and determines as follows:

The Capital Improvement Plan

a.	The District is authorized by Chapter 190, Florida Statutes, to finance, fund, plan, establish, acquire, install, equip, operate, extend, construct, or reconstruct earthwork, water, sewer, reuse and drainage system, roadway improvements, recreation improvements, wetland mitigation, landscape and hardscape improvements and other infrastructure projects and services necessitated by the development of, and serving lands within, the District; and

b.	On July 10, 2018, and pursuant to Section 170.03, Florida Statutes, among other laws, the Board adopted Resolution 2018-10 ("Declaring Resolution"), and in doing so determined to undertake a capital improvement plan to install, plan, establish, construct or reconstruct, enlarge, equip, acquire, operate and/or maintain the District's infrastructure improvements ("ProJect"); and

c.	The Project is described in the Declaring Resolution and the District's Master Engineer's Report, dated August 2017 ("Engineer's Report," attached hereto as Exhibit A and incorporated herein by this reference), and the plans and specifications for the Project are on file in the offices of the District Manager at c/o Governmental Management Services - Central Florida, 135 W. Central Blvd, Suite 320, Orlando, FL 32801 ("District Records Office"); and

The Debt Assessment Process

d.	Also as part of the Declaring Resolution, the Board expressed an intention to issue bonds, notes or other specific financing mechanisms to provide a portion of the funds needed for the Project, and further declared its intention to defray the whole or any part of the expense of the Project by levying special assessments ("Debt Assessments") on specially benefited property within the District; and

e.	The Declaring Resolution was adopted in compliance with the requirements of Section 170.03, Florida Statutes, and prior to the time it was adopted, the requirements of Section 170.04, Florida Statutes, had been met; and

f.	As directed by the Declaring Resolution, said Declaring Resolution was published
as required by Section 170.05, Florida Statutes, and a copy of the publisher's affidavit of publication is on file with the Secretary of the District; and

g.	As directed by the Declaring Resolution, the Board caused to be made a preliminary assessment roll as required by Section 170.06, Florida Statutes; and

h.	As required by Section 170.07, Florida Statutes, and as part of the Declaring Resolution, the District's Board fixed the time and place of a public hearing at

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which owners of the property to be assessed and other persons interested therein could appear before the Board and be heard as to (i) the propriety and advisability of making the improvements, (ii) the cost thereof, (iii) the manner of payment therefore, and (iv) the amount thereof to be assessed against each specially benefited property or parcel, and the Board further authorized publication of notice of such public hearing and individual mailed notice of such public hearing in accordance with Chapters 170, 190, and 197, Florida Statutes; and

1.	Notice of the scheduled public hearing was given by publication and by mail as required by Sections 170.07 and 197.3632, Florida Statutes, and affidavits as to such publication and mailings are on file in the office of the Secretary of the District; and

J.	On August 21, 2018, and at the time and place specified in the Declaring Resolution, the Board conducted such public hearing and heard and considered all complaints and testimony as to the matters described above; the Board further met as an "Equalization Board;" and the Board has made such modifications in the preliminary assessment roll as it deems necessary, just and right in the making of the final assessment roll; and

Equalization Board Additional Findings

k.	Having considered the estimated costs of the Project, the estimated financing costs and all comments and evidence presented at such public hearing, the Board further finds and determines that:

1.	It is necessary to the public health, safety and welfare and in the best interests of the District that: (1 ) the District provide the Project as set forth in the Engineer's Report; (2) the cost of such Project be assessed against the lands specially benefited by such Project; and (3) the District issue bonds, notes or other specific financing mechanisms to provide funds for such purposes pending the receipt of such Debt Assessments; and

11.	The provision of said Project, the levying of the Debt Assessments, and the sale and issuance of such bonds, notes, or other specific financing mechanisms serve a proper, essential, and valid public purpose and are in the best interests of the District, its landowners and residents; and

111.	The estimated costs of the Project are as specified in the Engineer's Report and Assessment Report ( defined below), and the amount of such costs is reasonable and proper; and

1v.  It is reasonable, proper, just and right to assess the cost of such Project
against the properties specially benefited thereby, using the method determined by the Board and set forth in the Amended Master Assessment Methodology Report, dated July 10, 2018 ("Assessment Report," attached hereto as Exhibit B and incorporated herein by this reference),

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which results in the Debt Assessments set forth on the final assessment roll; and

v.  The Project benefits all developable property within the District; and

v1.  Accordingly, the Debt Assessments as set forth in the Assessment Report
constitute a special benefit to all parcels of real property listed on said final assessment roll, and the benefit, in the case of each such parcel, will

be equal to or in excess of the Debt Assessments imposed thereon, as set forth in Exhibit B; and

v11.  All developable property within the District is deemed to be benefited by

the Project, and the Debt Assessments will be allocated in accordance with the Assessment Report at Exhibit B; and

vm.	The Debt Assessments are fairly and reasonably allocated across the benefitted property, as set forth in Exhibit B; and

1x. It is in the best interests of the District that the Debt Assessments be paid and collected as herein provided; and

x.	In order to provide funds with which to pay the costs of the Project which are to be assessed against the benefited properties, pending the collection of the Debt Assessments, it is necessary for the District to issue revenue bonds, notes or other specific financing mechanisms, including refunding bonds (together, "Bonds").

3.	AUTHORIZATION  FOR  PROJECT;  ADOPTION  OF  ENGINEER'S

	REPORT. The Engineer's Report identifies and describes the infrastructure improvements to be financed in part with the Bonds and sets forth the costs of the Project. The District hereby

confirms that the Project serves a proper, essential, and valid public purpose. The use of the Engineer's Report in connection with the sale of the Bonds is hereby authorized, approved and

ratified, and the proper officers, employees and/or agents of the District are hereby authorized and directed to take such further action as may be necessary or desirable to cause the same to be

made.

4. ESTIMATED COST OF IMPROVEMENTS. The total estimated costs of the Project and the costs to be paid by the Debt Assessments on all specially benefited property are
set forth in Exhibits A and B, respectively, hereto.

5. ADOPTION OF ASSESSMENT REPORT. The Assessment Report setting forth the allocation of Debt Assessments to the benefitted lands within the District is hereby

approved, adopted, and confirmed. The District ratifies its use in connection with the sale of the Bonds.

6. EQUALIZATION, APPROVAL, CONFIRMATION AND LEVY OF DEBT ASSESSMENTS. The Debt Assessments imposed on the parcels specially benefited by the Project, all as specified in the final assessment roll set forth in Exhibit B, attached hereto, are

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hereby equalized, approved, confirmed and levied. Immediately following the adoption of this Resolution, the lien of Debt Assessments as reflected in Exhibit B, attached hereto, shall be recorded by the Secretary of the District in the District's "Improvement Lien Book." The Debt Assessments against each respective parcel shown on such final assessment roll and interest,
costs, and penalties thereon, as hereafter provided, shall be and shall remain a legal, valid and binding first lien on such parcel until paid, and such lien shall be coequal with the lien of all

state, county, district, municipal or other governmental taxes and superior in dignity to all other liens, titles, and claims.

a.	Adjustments to Debt Assessments. The District may, by subsequent resolution, adjust the acreage assigned to particular parcel identification numbers listed on the final assessment roll to reflect accurate apportionment of acreage within the
District amongst individual parcel identification numbers. The District may make any other such acreage and boundary adjustments to parcels listed on the final
assessment roll as may be necessary and in the best interests of the District, as determined by the Board by subsequent resolution. Any such adjustment in the

assessment roll shall be consistent with the requirements of law. To the extent that land is added to the District, the District may, by supplemental resolution at a
regularly noticed meeting, determine such land to be benefitted by the Project and reallocate the Debt Assessments in order to impose special assessments on the newly added and benefitted property.

b.	Impact Fee Credits. The District may or may not be entitled to impact fee credits as a result of the development of the Project, based on applicable laws and/or agreements governing impact fee credits. Unless otherwise addressed by supplemental assessment resolution, the proceeds from any impact fee credits

received may be used as an offset for any acquisition of any portion of the Project, for completion of the Project, or otherwise used against the outstanding

indebtedness of any debt issuance that funded the improvement giving rise to the credits.

c.	Supplemental Assessment Resolutions for Bonds. In connection with the issuance of any particular series of the Bonds, the District may adopt, without the need for further public hearing, a supplemental assessment resolution establishing

specific Debt Assessments, in one or more separately enforceable Debt Assessment liens, securing such Bonds. Such subsequent resolutions shall be

adopted at a noticed meeting of the District, and shall set forth the actual amounts financed, costs of issuance, expected costs of collection, and the total amount of the assessments pledged to that issue, which amount shall be consistent with the lien imposed by this Resolution. Among other things, the supplemental

assessment resolutions may provide for the issuance of multiple bonds each secured by one or more different assessment areas.

7. FINALIZATION OF DEBT ASSESSMENTS. When a project has been constructed or otherwise provided to the satisfaction of the Board, the Board shall adopt a resolution accepting the same and determining the actual costs (including financing costs)

thereof, as required by Sections 170.08 and 170.09, Florida Statutes. Pursuant to Section 170.08, Florida Statutes, regarding completion of a project funded by a particular series of

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Bonds, the District shall credit to each Debt Assessment the difference, if any, between the Debt Assessment as hereby made, approved and confirmed and the actual costs incurred in completing

the project. In making such credits, no credit shall be given for bond, note or other specific financing mechanism costs, capitalized interest, funded reserves or bond or other discounts. Such credits, if any, shall be entered in the Improvement Lien Book.

8.	PAYMENT   OF   DEBT   ASSESSMENTS   AND   METHOD   OF
COLLECTION.

a. Payment. The Debt Assessments, as further set forth in each supplemental assessment resolution, and securing the issuance of each series of the Bonds, may be paid in not more than thirty (30) substantially equal consecutive annual installments of principal and interest, provided, however, that the Board shall at any time make such adjustments by resolution, and at a noticed meeting of the

Board, to that payment schedule as may be necessary and in the best interests of the District to account for changes in long and short term debt as actually issued

by the District.

b.	Prepayment. Unless the right is waived, and at any time from the date of levy of Debt Assessments through the date that is thirty (30) days after the related Project has been completed and the Board has adopted a resolution accepting such Project as provided by Section 170.09, Florida Statutes, as amended, any owner of property subject to the Debt Assessments may, at its option, pay the entire amount of such Debt Assessments on such property, without interest. Subject to the provisions of any supplemental assessment resolution, any owner of property subject to the Debt Assessments may, at its option, pre-pay the entire amount of the Debt Assessment any time, or a portion of the amount of the Debt Assessment up to two times, plus accrued interest to the next succeeding interest payment date

(or the second succeeding interest payment date if such prepayment is made within forty-five (45) calendar days before an interest payment date (or such other
time as set forth in the supplemental indenture for the applicable series of bonds secured by the Debt Assessments in question)), attributable to the property subject
to Debt Assessment owned by such owner. Prepayment of Debt Assessments does not entitle the property owner to any discounts for early payment. If

authorized by a supplemental assessment resolution, the District may grant a discount equal to all or a part of the payee's proportionate share of the cost of the
Project consisting of bond financing costs, such as capitalized interest, funded reserves, and bond discount included in the estimated cost of the Project, upon

payment in full of any Debt Assessment during such period prior to the time such financing costs are incurred as may be specified by the District.

c.	Uniform Method; Alternatives. The District may elect to use the method of collecting Debt Assessments authorized by Sections 197.3632 and 197.3635, Florida Statutes ("Uniform Method"). The District has heretofore taken all required actions to comply with Sections 197.3632 and 197.3635, Florida Statutes. Such Debt Assessments may be subject to all of the collection provisions of Chapter 197, Florida Statutes. Notwithstanding the above, in the event the Uniform Method of collecting its Debt Assessments is not available to

6

the District in any year, or if determined by the District to be in its best interests, and subject to the terms of any applicable trust indenture, the Debt Assessments
may be collected as is otherwise permitted by law. In particular, the District may, in its sole discretion, collect Debt Assessments by directly billing landowners and
enforcing said collection in any manner authorized by law. Any prejudgment interest on delinquent assessments that are directly billed shall accrue at the

applicable rate of any bonds or other debt instruments secured by the Debt Assessments. The decision to collect Debt 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 Debt 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.

d.	Uniform Method Agreements Authorized. For each year the District uses the Uniform Method, the District shall enter into an agreement with the County Tax Collector who may notify each owner of a lot or parcel within the District of the amount of the special assessment, including interest thereon, in the manner provided in Section 197.3635, Florida Statutes.

9.	ALLOCATION OF DEBT ASSESSMENTS; APPLICATION OF TRUE-UP

	PAYMENTS.

a.	At such time as parcels of land, or portions thereof, are included in a plat or site plan, it shall be an express condition of the lien established by this Resolution that, prior to County approval, any and all plats or site plans for any portion of the lands within the District, as the District's boundaries may be amended from time to time, shall be presented to the District Manager for review. As parcels of land, or portions thereof, are included in a plat or site plan, the District Manager shall review the plat or site plan and cause the Debt Assessments securing each series of Bonds to be reallocated to the units being included in the plat or site plan and the remaining property in accordance with Exhibit B, and cause such reallocation to be recorded in the District's Improvement Lien Book.

b.	Pursuant to the Assessment Report, attached hereto as Exhibit B, and which terms are incorporated herein, there may be required from time to time certain true-up payments. When a plat or site plan is presented to the District, the District Manager shall review the plat or site plan to determine whether, taking into account the plat or site plan, there is a net shortfall in the overall principal amount of assessments reasonably able to be assigned to benefitted lands within the District. Such determination shall be made based on the tests or other methods set forth in Exhibit B (if any), or any tests or methods set forth in a supplemental assessment resolution and corresponding assessment report. If the overall principal amount of assessments reasonably cannot be assigned, or is not reasonably expected to be assigned, as set forth in more detail in and subject to the terms of Exhibit B ( or any supplemental resolution and report, as applicable), to the platted and site planned lands as well as the undeveloped lands, then a debt reduction payment ("True-Up Payment") in the amount of such shortfall shall become due and payable that tax year by the landowner(s) of record of the land

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subject to the proposed plat or site plan and of the remaining undeveloped lands, in addition to any regular assessment installment. The District's review shall be
limited solely to this function and the enforcement of the lien established by this Resolution. In the event a True-Up Payment is due and unpaid, the lien

established herein for the True-Up Payment amount shall remain in place until such time as the True-Up Payment is made. The District shall record all True-Up
Payments in its Improvement Lien Book.

c.	In connection with any true-up determination, affected landowner(s) may request that such true-up determination be deferred because the remaining undeveloped lands are able to support the development of all of the originally planned units. To support the request, the affected landowner(s) shall provide the following evidence for the District's consideration: a) proof of the amount of entitlements remaining on the undeveloped lands, b) a revised overall development plan showing the number and type of units reasonably planned for the remainder of the development, c) evidence of allowable zoning conditions that would enable those entitlements to be placed in accordance with the revised development plan, and d) documentation prepared by a licensed engineer that shows the feasibility of implementing the proposed development plan. Any deferment shall be in the District's sole discretion.

d.	The foregoing is based on the District's understanding that the community would be developed with the type and number of units set forth in Exhibit B, on the developable acres. However, more than the stated number of units may be
developed. In no event shall the District collect Debt Assessments pursuant to this Resolution in excess of the total debt service related to the Project, including
all costs of financing and interest. The District recognizes that such things as regulatory requirements and market conditions may affect the timing and scope of

the development in the District. If the strict application of the true-up methodology to any assessment reallocation pursuant to this paragraph would

result in Debt Assessments collected in excess of the District's total debt service obligations for the Project, the Board shall by resolution take appropriate action to equitably reallocate the Debt Assessments.

10. GOVERNMENT PROPERTY; TRANSFERS OF PROPERTY TO UNITS OF LOCAL, STATE, AND FEDERAL GOVERNMENT. Real property owned by units of

local, state, and federal governments, or similarly exempt entities, shall not be subject to the Debt Assessments without specific consent thereto. If at any time, any real property on which

Debt Assessments are imposed by this Resolution is sold or otherwise transferred to a unit of local, state, or federal government (without consent of such governmental unit to the imposition
of Debt Assessments thereon), or similarly exempt entity, all future unpaid Debt Assessments for such tax parcel shall become due and payable immediately prior to such transfer without any
further action of the District.

11. ASSESSMENT NOTICE. The District's Secretary is hereby directed to record a general Notice of Assessments in the Official Records of Leon County, Florida, which shall be updated from time to time in a manner consistent with changes in the boundaries of the District.

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12. SEVERABILITY. If any section or part of a section of this Resolution is declared invalid or unconstitutional, the validity, force and effect of any other section or part of a

section of this Resolution shall not thereby be affected or impaired unless it clearly appears that such other section or part of a section of this Resolution is wholly or necessarily dependent upon the section or part of a section so held to be invalid or unconstitutional.

13. CONFLICTS. All resolutions or parts thereof in conflict herewith are, to the extent of such conflict, superseded and repealed, including but not limited to Resolution 2018
02.

14.	EFFECTIVE DATE. This Resolution shall become effective upon its adoption.

APPROVED AND ADOPTED THIS 21st DAY OF AUGUST, 2018.

ATTEST:	CANOPY COMMUNITY DEVELOPMENT
DISTRICT

					
Secretary			Chairman / Vice Chairman		
Exhibit A:	District's Master Engineer's Report, dated August 2017	
Exhibit B:	Amended Master Special Assessment Methodology Report, dated July 10, 2018	

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Exhibit A

ENGINEER'S REPORT

FOR

CANOPY COMMUNITY DEVELOPMENT DISTRICT

August 2017

CANOPY

- -   A Community with Deep Roots - -

Prepared By:
GPI

Greenman-Pedersen, Inc.

1590 Village Square Blvd

Tallahassee, FL 32309

TABLE OF CONTENTS

I.  INTRODUCTION	3

A.  Description of the Canopy Development	3

B.  Authorization	4

C.  Purpose and Scope	4

D.  The Canopy Community Development District	4

II. DISTRICT BOUNDARY	5

A.  Property Boundary	5

B.  Description of Property Served	6

C.  Existing Conditions	6

Ill. PROPOSED DISTRICT INFRASTRUCTURE	7

A.  Summary of the Proposed District Infrastructure	7

B.  On-Site Roadway Improvements	8

C.  Utility Improvements	9

D.  Drainage and Stormwater Management System	10

E.  Parks, Open Space, and Right of Way Improvements	11

F.  Recreational Improvements/ Amenities	11

G.  Wetland Mitigation	12

IV. OPINION OF PROBABLE CONSTRUCTION COSTS	12

V. OWNERSHIP AND MAINTENANCE AUTHORITY	13

VI. REPORT MODIFICATION	13

VII.ENGINEER'S CONCLUSION AND CERTIFICATION	14

APPENDIX A - Boundary Sketch & Legal Description	15

APPENDIX B - Land Use Map and Concept Plan	28

APPENDIX C -Vehicular Circulation Plan	31

APPENDIX D - Concept Utility Plan	33

APPENDIX E - Concept Stormwater Plan	35

Page I 2

I.	INTRODUCTION

A.	Description of the Canopy Development

The subject project, known as "Canopy", is located at the southwestern tip of the Welaunee Plantation within the City of Tallahassee (City), Leon County, FL. The project site is bordered to the west by Fleischmann Road and Fleischmann Lane, to the North by Centerville Road, to the South by the Miccosukee Greenway, and to the east by property owned by the City. The total acreage of the project is 505.7 acres and consists of two parcels (11-14-20-405-0000 and 11-15-20-405-0000) located within Sections 14 and 15, Township 01 North, and Range 01 East.

The project lies within the Canopy Planned Unit Development (PUD) and proposes to create new lots to serve several uses. The subdivision of land includes single family residential lots, commercial lots, and multi-family residential lots. This project also proposes to dedicate multiple areas of road Right of Way to the City and the Canopy Community Development District (the "District"). The District includes property outside of the lands planned for commercial uses, and primarily includes single family residential lots and the infrastructure or amenities required to serve the single family residential lots.

Residential Uses

The approved development program for Canopy provides for 1,417 dwelling units, including 520 multi-family residential units.

Employment Center and Neighborhood Center non-residential uses

A total of 97,927 gross square feet (gsf) of office and 65,000 of retail uses are approved for the Employment Center and Neighborhood Center non-residential uses. The allowable range of retail uses within the Employment or Neighborhood Center is established at 15% to 50% with the allowable range of office uses established at 50% to 85%.

Institutional Uses

Institutional Uses are allowed in all Land Use Districts, of which 100,000 gsf are allocated to an elementary school; 15,000 gsf are allocated to a fire station (or other public safety/civic facility); 60,000 gsf are allocated to a senior citizens' activity center; and the remainder 160,000 gsf are allocated for use throughout the development for Institutional Uses as defined below. In addition to the above, a 180 bed assisted living facility, a 120 bed rehabilitation center, and a 70 bed adult care / memory care unit are allowed. The term "Institutional Use" utilized in this PUD includes Educational Use, School Use, Community Use and Institutional Use, all of which are grouped together in the CAP document and treated as a single land use category. A specific description of Institutional Uses is provided within the PUD.

Page I 3

TABLE 1

LAND USE SUMMARY FOR CANOPY PUD

Type of Use		Acreage	% of Total		
					4.9		
Employment Center/Neighborhood Center		25.0				
Low/Medium Density Residential	94.5		18.7		
Medium/High Density Residential	145.0		28.7		
High Density/Multi-Family Residential	54.0	10.7		
Primary Open Space (Including Stormwater Area)	143.6		28.4		
Stormwater Detention Area	43.6	8.6		
Total	505.7 AC	100%		

B.	Authorization

Greenman-Pedersen, Inc., hereinafter referred to as the "Engineer", prepared this Engineer's Report pursuant to the authorization of the Board of Supervisors of the Canopy Community Development District (District}.

C.	Purpose and Scope

The purpose of this Report is to present the nature, extent, an estimated cost, and benefits associated with implementing the infrastructure needed to serve the District. In addition, this Report presents a narrative description of the major components included within the District's infrastructure system. It is anticipated that the financing mechanism is expected to be in the form of one or more series of bonds to be issued by the District. The financing and assessment methodology has been developed by the District's financial advisor.

This Report is intended to generally describe the improvements, the estimated costs, and benefits associated with implementing the improvements and recommendations. This Report is not intended to be used for an exact representation of the required improvements, or for construction purposes since detailed construction plans and specifications for the all of the proposed improvements have not been completed. It should be noted that these plans may be modified, even after initial approval, with the District's knowledge and consent.

The Engineer has considered and, in certain instances, relied upon opinions, information, and documentation prepared or supplied by others, which may have included public officials, public entities, the Developer, engineering professionals, general contractors, and surveyors.

D.	The Canopy Community Development District

The District is designed to provide community infrastructure, services, and facilities along with operation and maintenance of such facilities and services to the lands within the District. The District will encompass approximately 424 acres of the total 505.7 acres of the project. The 81 acres which are planned to accommodate the Employment Centers, Neighborhood Center, multi-family residential, and institutional uses within the project are not included in the District.

Page 14

The Development plan for the proposed lands within the District includes approximately 900 single family residential units to be constructed in approximately seven phases. Such uses are authorized for inclusion within the District. A Community Development District ("CDD") is an independent unit of special purpose local government authorized by Chapter 190, Florida Statutes, to plan, finance, construct, operate and maintain community-wide infrastructure in planned community developments. CDD's provide a "solution to the state's planning, management and financing needs for delivery of capital infrastructure to service projected growth without overburdening other governments and their taxpayers." Section 190.002(1)(a), Florida Statutes.

A CDD is not	a substitute for the local, general purpose, government unit, e.g., the City/County	
in which the	CDD lies.	A CDD does not have the permitting, zoning or general police powers	
possessed by general	purpose governments.  A CDD is an  alternative means of financing,	
constructing, operating, and maintaining community infrastructure for planned developments, such as the Canopy.

II.	DISTRICT BOUNDARY

A.	Property Boundary

The project site is bordered to the West by Fleischmann Road and Fleischmann Lane, to the North by Centerville Road, to the South by the Miccosukee Greenway, and to the East by property owned by the City. The total acreage of the site is 505.7 acres and consists of two parcels (11-14-20-405-0000 and 11-15-20-405-0000) located within Sections 14 and 15, Township 01 North, and Range 01 East.

PAl!CEI. A
(IX "'trr«

OJt "'61Plti, "167 "14&.U -,a,n,.

''j""""'')

Figure 1 - Location Map

Page I 5

Figure 2 - Aerial Photography of Property

B.	Description of Property Served

The District is located within Sections 14 and 15, Township 01 North, and Range 01 East in Leon County, Florida. Historically, the property has been used for agriculture and silviculture purposes with no existing infrastructure on site. The site is currently vegetated with a combination of upland and wetland features, comprised of varying degrees of native and exotic vegetation.

C.	Existing Conditions

Infrastructure

There is no existing water, sewer, or roadway infrastructure within the District boundary. These facilities will be provided by extending the City infrastructure from Fleischmann Road, Centerville Road, and Miccosukee Road into the site.

Topography

In general the topography can be described as gentle rolling hills with minimal to moderate slopes. Some significant and severe slopes occur on site and will be impacted or preserved accordingly.

D.	Entitlements

Ox Bottom Mortgage Holdings, LLC is master developer and is currently the owner of all lands within the District. The project has obtained approval of a Comprehensive Plan amendment (the Critical Area Plan, or CAP) as well as an approved PUD. The project has an executed FS Cha pt 163 Development Agreement between the City of Tallahassee and Developer. These documents provide for the development of: 1,417 residential dwelling units (520 of which are multi-family

Page I 6

units}; 65,000 sf of retail which specifically includes 50,000 sf of shopping center and 15,000 sf of high-turnover sit down restaurants; 97,927 sf of office which specifically includes 47,927 sf of general office and 50,000 sf of medical office; 100,000 sf elementary school; 60,000 sf senior citizens activity center; a 180 bed adult living facility; a 120 bed rehabilitation facility; a 70 bed adult care/ memory unit; and a 15,000 sf public safety/ civic facility. Modifications to this specific development program are allowed and the process by which to modify the program are outlined in the Development Agreement.

The portion of the property which naturally drains to Dove Pond cannot be developed until the Dove Pond Dam is constructed and accepted.

The City of Tallahassee and Leon County have both agreed to participate in the costs of certain infrastructure, specifically the construction of Welaunee Boulevard east of Crestline Road and Dove Pond Dam.

Prior to developing individual lots or parcels, all public infrastructure that is required to provide access, drainage and utility service to that parcel is required to be permitted and constructed.

Ill.	PROPOSED DISTRICT INFRASTRUCTURE

A.	Summary of the Proposed District Infrastructure

Various facilities and services may be provided by the proposed District. It is anticipated that the master stormwater management system; sewer and water systems; onsite roadway improvements; parks, open space and right of way improvements; recreational improvements; Dove Pond Stormwater Management Facility; and wetland mitigation will be financed by the District.

The capital improvements described in this Report represent the present intentions of the Developer and the District. The implementation of the improvements discussed in this Report requires the final approval by numerous local, state and federal regulatory and permitting agencies. The actual improvements may vary from the improvements proposed in this Report. Cost estimates contained in this Report have been prepared based upon the best available information at the time. The actual cost of construction, final engineering design, planning, approvals and permitting may vary from the cost estimates presented.

B.	On-Site Roadway Improvements

Welaunee Boulevard

Welaunee Boulevard, a principal arterial roadway, will extend through the Project connecting at Fleischmann Road, extending to the east project boundary north of Dove Pond. The width of the right-of-way for Welaunee Boulevard shall be a minimum of 120 feet. The general design for Welaunee Boulevard will be four through lanes and will provide for a raised median, landscaping, curb and gutter, bicycle facilities, and sidewalks/multi-use paths.

Page I 7

Roadway Access and TDM Strategies

Primary access to the Project will include the extension of Welaunee Boulevard into the Project from Fleischmann Road. A single roadway connection is proposed to Centerville Road at Hickory Ridge Road via an extension of Dempsey Mayo Road through the project. One roadway connection to Miccosukee Road is located at Dempsey Mayo Road. The proposed connection location to Miccosukee Road coincides with the existing utility corridor location established by the City of Tallahassee for the installation of the underground electrica I transmission line through the Project area. A system of collector and local streets, will connect with Welaunee Boulevard constituting the primary transportation system within the project. Transportation Demand Management (TDM) strategies will be implemented, as appropriate, to reduce single-occupancy vehicle trips. Such strategies may include, but are not limited to, alternative work schedules, transportation allowances (car pool and van pool programs), guaranteed ride home programs, telecommuting, transit supportive facilities (bus stops, shelters, etc.), and additional bicycle and pedestrian facilities and equipment.

Dempsey Mayo Road will form a north/south connection through the project. This connection will afford both residents and nonresidents alike the opportunity for access to employment, shopping, and dining opportunities within the Employment and Neighborhood Centers. Crestline Road will form an east/west connection through the project providing residents a transportation alternative to Welaunee Boulevard which may be utilized to traverse the proposed development.

Lanes

As part of the Canopy Project, small neighborhoods of single family homes will be created adjacent to green areas that will serve as amenities to the neighborhoods. The single family detached homes will front on the green areas with the only vehicular access via lanes behind the homes. The lanes, which shall be owned and maintained by the CDD, will be public lanes for the purposes of building permitting and home addressing.

Alleys
CDD maintained alley cross sections supporting the pedestrian/bicycle friendly characteristics of this Project are will be provided.

Lot Access Criteria

Legal access to residential lots in Canopy may be accomplished by any combination of the following:

1.	Frontage on a publicly dedicated street with a driveway accessing the publicly dedicated street or as an alternate vehicular access may be provided by a rear alley owned and maintained by the CDD, or

2.	Frontage on a publicly dedicated lane with a driveway accessing the publicly dedicated lane which will be maintained by the CDD.

Double frontage lots will be restricted to one driveway per lot.

Sidewalk, Bike and Pedestrian Network

A system of recreational and alternative multi-use paths, sidewalks, on-street bicycle lanes providing bicycle and pedestrian access to the Primary Open Space system and access to the

Page I 8

Miccosukee Canopy Road Greenway will be provided. Sidewalks are provided on both sides of the arterial and collector roadways. Sidewalks will be provided on at least one side of local streets in residential low-density and residential estate areas of Canopy. A minimum 10' paved multi-use path may be provided in lieu of a sidewalk and/or bicycle lanes.

Roadway Network
Neighborhoods are interconnected with each other as well as with the Employment and Neighborhood Centers. The roadway network will:

1.	Promote and enhance a livable community pattern, including a mixed use and pedestrian environment;
2.	Protect the adjacent canopy roads by relieving traffic pressure;

3.	Enhance the scale and pedestrian accessibility of the Employment and Neighborhood Centers; and,
4.	Provide adequate roadway capacity to serve the development.

	C.     Utility Improvements

Potable water distribution and sanitary sewer collection service to the District will be provided by The City of Tallahassee. Potable water for the community will be provided via connection to an existing 12" water main located along Fleischmann Boulevard, a 10" water main along Centerville Road, and an 8" main along Miccosukee Road.

This system will be constructed to provide adequate facilities for the development at build-out. The water main within platted right-of-ways and/or utility easements will be dedicated and turned over to the City of Tallahassee following an inspection, certification and warranty process. The potable water facilities will include both transmission and distribution lines along with necessary valves, fire hydrants, water services and facilities such as backflow preventers and air release valves.

The wastewater facilities serving the project will include gravity sewer mains with individual lot sewer services, a master sewer pump station, and a force main with connection to the existing City of Tallahassee wastewater collection system in Centerville Road. All force main, gravity sewer, and pump station infrastructure will be located within platted rights-of-way and/or utility easements, and will be dedicated and turned over to the City of Tallahassee following an inspection, certification and warranty process.

A 50' Florida Gas Transmission (FGT) Easement traverses the project site which contains a 24" gas transmission main. All proposed crossings will be permitted with FGT and subject to restrictions set forth in the easement agreement.

All dry utilities (power, telephone, cable, etc.) will be provided within platted rights-of-way and/or utility easements.

Page I 9

D.	Drainage and Stormwater Management System

Treatment Standards

The Stormwater Management Facilities will be designed to meet the treatment requirements of Sec. 5-86 of the Tallahassee Land Development Code. Stormwater facilities which are dedicated to the City of Tallahassee will be constructed to the requisite standards for access and maintenance. Erosion and sediment control will be provided during all construction activities within the project utilizing best management practices.

Dove Pond Regional Storm water Facility

Dove Pond has been approved to be improved and function as a regional stormwater management system as detailed in the Stormwater Facility Master Plan (SFMP). It will be utilized for the storage of treated stormwater and has been planned to provide improved flood protection for downstream, off-site property owners. The SFMP outlines the design parameters for the use of Dove Pond. To provide flood protection for downstream off-site property owners in the Tri-Basin Study Area, inter-basin transfers of stormwater may be permitted FROM the Dove Pond Basin.

Western Project Drainage
On the western end of the Canopy PUD there are two isolated closed basins which are included in the SFMP for use as stormwater facilities. These basins will provide storage for the post-development increase in runoff for the 100 year, 24 hour critical storm, improving existing flood conditions in the area by lowering the flood elevation. Approximately 14 acres of the project lie in an open watershed that ultimately discharges to Lake Lafayette. This area will be designed to meet City requirements in addition to Outstanding Florida Waters (OFW) treatment standards.

Storm water Facilities Authorized in Open Space
Stormwater management facilities are authorized within in the Primary Open Space system, and have been included in the SFMP. These stormwater management facilities may be utilized to meet minimum open space requirements.

E.	Parks, Open Space, and Right of Way Improvements

Parks are planned throughout the Canopy Project. The open space is planned to be accessible to the residents as a passive recreation area for birding, hiking, viewing, and other non-invasive observation of the natural area systems which are planned to be preserved as a part of the overall master plan. Within the planned residential areas, pocket parks are proposed to provide readily accessible green spaces to all residents. These pocket parks may simply include trees, or may include other park amenities such as sitting areas, grills, picnic tables, tennis courts, volleyball courts, pavilions, or other standard park amenities. Certain larger parks are planned to allow for group activities, such as Frisbee golf, camp fires, live music, yard games, dog park, pond viewing, community vegetable garden, ornamental garden, community cook-outs, or other community-wide recreational events as may be planned by the CDD Manager. The project includes a linear park, which is approximately 100 LF wide and extends from Centerville Road to Dove Pond. This linear park is expected to include a multi-use path, sitting areas, and a variety of amenities as the linear park passes through adjacent residential neighborhoods.

Page I 10

The open spaces are also planned to include certain stormwater management facilities, which will be designed to provide an amenity to the development, whether it may include a lighted fountain, gazebo, a trellis and swing, or other similar opportunities for the residents to enjoy the planned green spaces.

Trails are also planned within the open spaces. These trails will generally meander around significant trees and other natural features, providing a stable and planned access through natural areas. These trails are planned to provide connectivity within the project, as well as to points of interest outside and adjacent to the development such as the Miccosukee Greenway, Centerville Road Trail, and Fleischmann Lane.

Right of Way Improvements primarily include landscaping and multi-use paths. All roadways within ½ mile walking radius of the Employment Center or Neighborhood Center will provide street trees. Welaunee Boulevard, Dempsey Mayo, Crestline Road, and the linear park will provide paved multi-use paths which are a minimum of 10' in width.

F.	Recreational Improvements/ Amenities

In addition to the recreational improvements listed above related to the parks and open space, the project plans to provide a central amenity center in the form of a clubhouse. This clubhouse is expected to include indoor meeting space, break-out rooms, an entertainment space, community activity area, party preparation & greeting area, as well as dedicated workout studio space.

Outdoor amenities at the clubhouse are expected to include a Laguna style pool, kids splash pad, cabanas, covered lanai, private fob access, ice cream & cafe vendor station, tennis & volley ball court, children's playground, fire attraction seating area, as well as being adjacent to a large linear park, and Outdoor Theater. The Outdoor Theater will accommodate approximately 100 viewers and will be available for live performances and video projection.

G.	Wetland Mitigation

Wetland Impacts are anticipated, specifically related to the construction of Dove Pond Regional Stormwater Facility (RSF). The RSF is planned to provide flood control, and reduce downstream flooding of the existing residential areas. The project will permanently impact 2.69 acres of wetlands and temporarily impact 1.49 acres of wetlands or other surface waters. There are 43.51 acres of FDEP jurisdictional wetlands on site. The mitigation for the wetland impacts include 15.18 acres of herbaceous wetland creation, 2.04 acres of forested wetland creation, and a 56.08 acre conservation easement. Additional benefits from the mitigation include water quality improvement, control of exotics, enhanced wetland function, and enhanced habitat values.

Page I 11

H.	Professional Services, Permitting and Miscellaneous Costs

Professional Services included but not limited to; engineering, planning, landscape architecture, environmental services, materials testing, surveying, and construction inspection, will be part of the District's Project budget.

Federal, State and Local permits and engineering plan approvals have been obtained, or are in the process of being obtained, for the construction of portions of the site infrastructure.

The timetable for remaining permits and modifications will be contingent upon the development schedule for the project phasing. The permit fees required for approval of the Project is also included in the District cost.

Other miscellaneous costs that the District may incur will include; legal fees, insurance, management fees, lending/bank fees, and bond fees.

IV.	OPINION OF PROBABLE CONSTRUCTION COSTS

Table 2 represents the opinion of probable costs for the District infrastructure. The opinion of probable costs includes the actual infrastructure costs for the various improvements, such as: materials, labor, construction, technical services, and contingencies. All estimates are in 2017 dollars and no inflation factor was utilized.

Table 2 presents a summary of the District financed improvements as described in Section Ill of this Report.

TABLE 2

OPINION OF PROBABLE CONSTRUCTION COSTS

	Facility	Estimated Cost	
	On-Site	Roadway Improvements	$27,500,000	
	Utilities Improvements	$14,800,000	
	Drainage and Stormwater Management System	$22,800,000	
	Parks, Open Space, and Right of Way Improvements	$4,700,000	
	Recreational Improvements	$3,900,000	
Wetland Mitigation	$800,000	
	Professional Services, Permitting and Misc. Costs	$8,900,000	
	Contingency	$7,500,000	
Total	$90,900,000	

V.	OWNERSHIP AND MAINTENANCE AUTHORITY

The ownership and maintenance responsibilities for the major infrastructure improvements at The Canopy CDD are presented in Table 3.

Page I 12

TABLE 3

EXPECTED OWNERSHIP AND MAINTENANCE

	Facility		Dev	Funding		O & M	Ownership		
								2			
		Roadway Improvements		/City /CDD						
	On-Site					City/CDD		City/CDD2		
Water & Sewer Utility Improvements	Oev/CDD		City	City		
	Drainage and Stormwater Management System	Dev/City/COD	City/CDD1	City		
Dove Pond Dam	Dev/City/COD		COD	COD		
	Parks, Open Space, and Right of Way Improvements	Dev/CDD	City/CDD1	City/CDD		
	Recreational Improvements	Dev/COD		CDD	CDD		
Wetland Mitigation	Dev/COD		CDD	CDD		
Dev= Ox Bottom Mortgage Holdings, LLC									
City= City ofTallahassee									
CDD = Canopy Community Development District									
1City is expected to operate and maintain the infrastructure; CDD may perform enhanced maintenance. 2CDD will be responsible for operation and maintenance of all roadways which City will not own (alleys, etc.).

VI.	REPORT MODIFICATION

During development and implementation of the improvements identified in this Report, it may be necessary to make some modifications and deviations to the improvements. Therefore, if such deviations or modifications do not change the overall primary objective of this Report, then such changes will not materially affect the Report.

In addition, the development may undertake certain public infrastructure improvements, related to the subdivisions, which may include but are not limited to roads, drainage, water, wastewater, landscaping, and irrigation. Such improvements may be identified in a subsequent Engineer's Report.

VII.	ENGINEER'S CONCLUSION AND CERTIFICATION

It is my professional opinion that the infrastructure costs associated herein for the District improvements are reasonable to complete the construction of the infrastructure described herein and that these infrastructure improvements will benefit and add value to the District. All infrastructure costs are public improvements or community facilities as set forth in section 190.012(1) AND (2) of the Florida Statutes. The estimate of infrastructure construction costs is only an estimate and not a guaranteed maximum price. The estimated cost is based on current unit prices for ongoing and similar items of work in Leon County for the quantities as represented on construction plans. The future costs of labor, equipment, and material; coupled with changing regulations and construction process, are beyond our control. Due to this inherent opportunity for fluctuation of cost, the total final cost may be more or less than this estimate. Assuming project construction continues in a timely manner, it is our opinion that the proposed improvements, if constructed and built in substantial accordance with the approved plans and specifications, can be completed and will meet their intended functions. Where necessary, historical costs and information from other professional or utility consultants and contractors have been used in preparation of this report. Consultants and contractors who have contributed

Page I 13

in providing the cost data included in this report are reputable entities in the Leon County area. It is therefore our opinion that the construction of the proposed project can be complete at the cost stated.

Alan D. Wise, P.E.

Florida Registered Engineer No. 70831

Greenman-Pedersen, Inc.

Certificate of Authorization No. 3498

Phone: (850) 297-2922

Page I 14

APPENDIX A - Boundary Sketch & Legal Description

Page I 15

	SKETCH OF DESCRIPTION																		5 0 0@0			,SBBR ADQN.S.	A t m S:WIWL																
																										Na			•	IIIJMBf.R						
	FOR			AC	..,	ACRE';	llEAING	AHO	04;r...cc							
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																o·			•		D£lTA a, CENfRAL ANCI.E				P0,11		••		POINT	or BECIHNlltG			
								District																					SCALE  IN  FEET:  1"=1000'		C.O.T.		-		C11Y (Jf l'Al.LAHASra					r.e.			Pl.AT BOOK						
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																																		BBFIHHI	I	0,8,		D	•	•	DtEO	800k			MONUMENT		P,O,C,		•		POINT O f CQ\t\lEHCEMENT		
																																					rcu					FWHO		COOmcTE										
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																_Q /	/				,.,..							7						14, Al.SO THE NORlHEAST COR!f£R			SURVEYORS NOTES:																			
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													\\\.	/		/		/																	lCON CO. f l						prepared		for	CNL  Tollahassee,	LLC	b y Moore	B o s s			
																						PARCEL	B																									
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								/			/				ROAD	SE18ACK			177.Sl loCRES±											TALLAHASSEE														
									/   /			' \ _ CANOPY																			E"terio1·	bout'1dory rnom,ment:otion	show n	pe r a b o v e		
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PARCEL 8	P.O.B. PARCEL A

FDUl<O OLO AXL£ MARKING 1H£
NORTHWEST CORNtR o r SECTION

14, Al.SO 111( NORlHEAST CORNER
Of SCCllON IS. T-1-11: R-1-E,
I.CON CO,  FL

							/		1156 /	(100' FROM C£NlERU11£)	.... p . . .)				
						/			1.65  /									
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CITY OF
TAI..LAHASSEE' 0.1 . 3450 PG. 596

BOUNDARY BEGINS ALOOG B9.7 CONTOUR o r 00\'E PONO

			CJ		} __M'	I			
			C4		JI0.35'				
					I				
	SKETCH OF  ESCRIPTION					PARCa A		
		F'OR						
					OX	BOTTOM MORTGAGE		
CANOPY at WELAUNEE						
				HOLDINGS. LLC		
				O.R. 4866 Pa. 1087		
							2 6.66 ACRf.S;t		
SC1:tim1 -14	& 15, Township I Nnrth, Range 1 En"L				(258.81 ACIIES¾)		
CommunityDevelopment		I				
		IN	PARCEL 2					
		LEON COUNTY	75.9S ACRf:St					
		District						

S 89"41'511" E 358.75' (S)

r---	SHEET2 OF 12			
	: .'_-; :I	,sso-01		
				
	NOl&IIS 00faJl . '11Hr . GIICIOP, INC.		
l.'9f	21"'4 PAllO AvtHUE, TM.LAttAsm, no,0011. auaa		
	lltC.CDM			
	PH: 850-315-lt'tl_S.:NCG1-tSO...!p-1'°4WllfW		

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