Windward Community Development District

Agenda March 21, 2018

>

C)
mz
0>

Windward
Community Development District
135 W. Central Blvd., Suite 320, Orlando, FL 32801
Phone: 407-841-5524- Fax: 407-839-1526

March 14, 2018

Board of Supervisors Windward
Community Development District

Dear Board Members:

The Regular Meeting of the Board of Supervisors of the Windward Community Development District will be held Wednesday, March 21, 2018 at 2:00 p.m. at West Osceola Branch Library, 305 Campus Street, Kissimme, FL 34747. Following is the advance agenda for the meeting:

Roll Call
Public Comment Period
Approval of Minutes of February 21, 2018 Meeting
Consideration of Resolution 2018-02 Approving of Series 2018 Conveyances
Staff Reports
Attorney
Engineer
District Manager
Balance Sheet and Income Statement
Consideration of Funding Request #5
,Other Business
Supervisors' Requests
Adjournment

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

The third order of business is the approval of the minutes of the February 21, 2018 meeting. The minutes are enclosed for your review.

The fourth order of business is the consideration Resolution 2018-02 approving the Series 2018 conveyances. A copy of the Resolution and documents are enclosed for your review.

Section C of the fifth order of business is the District Manager's Report. Section 1 includes the balance sheet and income statement for your review. Section 2 is the consideration of funding request #5. A copy of the funding request with supporting documentation is enclosed for your review.

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

, ?

Jason Showe
District Manager
Cc:	Jan Carpenter, District Counsel Brett Sealy, Underwriter
Mike Williams, Bond Counsel David Kelly, Interim Engineer Darrin Mossing, GMS
Enclosures

s:

m

c::
;	·""'	�
,.-r.-:.	CJ)-

MINUTES OF MEETING WINDWARD
COMMUNITY DEVELOPMENT DISTRICT
The regular meeting of the Board of Supervisors of the Windward Community Development District was held Wednesday, February 21, 2018 at 2:00 p.m. in the West Osceola Branch Library, 305 Campus Street, Kissimmee, Florida.

Present and constituting a quorum were:
John Kassik Jimmy Clark Walter Beeman Thomas Franklin Ellis Roe
Also Present were:
Jason Showe Andrew d'Adesky David Kelly
Brett Sealy

FIRST ORDER OF BUSINESS

Chairperson Vice Chairman
Assistant Secretary Assistant Secretary Assistant Secretary

District Manager District Counsel District Engineer MBS Capital Markets

Roll Call

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

SECOND ORDER OF BUSINESS	Public Comment
There being none, the next item followed.

THIRD ORDER OF BUSINESS	Organizational Matters
Acceptance of Resignation of Jeremy lckovic and Appointment of Individual to Fill Vacancy

On MOTION by Mr. Franklin seconded by Mr. Beeman with all in favor Jeremy Ickovic's resignation was accepted.

On MOTION by Mr. Kassik seconded by Mr. Clark with all in favor Ellis Roe was appointed to fill the unexpired term of office.

February 21, 2018	Windward  CDD

Administration of Oath of Office to Newly Appointed Supervisor
Mr. Showe being a Notary Public ofthe State of Florida administered the Oath of Office to Mr. Roe.
Mr. d'Adesky stated as of now you are subject to the Sunshine Law, public
records laws, which means keep any contacts with others on the Board limited if it is related to CDD business keep it during the meetings. We will get your email address and send you a packet of information on Sunshine Law, ethics and other information.

Consideration of Resolution 2018-01 Electing Officers
Mr. Showe read into the record the current slate offices and stated I would like to add myself and Mr. Roe as Assistant Secretaries.

On MOTION by Mr. Franklin seconded by Mr. Clark with all in favor Resolution 2018-01 keeping the same slate of officers and designating Mr. Roe and Mr. Showe as Assistant Secretaries was approved.

FOURTH ORDER OF BUSINESS	Approval of the Minutes of the July 19, 2017
Meeting

On MOTION by Mr. Franklin seconded by Mr. Kassik with all in favor the minutes of the July 19, 2017 meeting were approved as presented.

FIFTH ORDER OF BUSINESS	Consideration of Agreement with Osceola
County Tax Collector Regarding the Use of the Uniform Method of Collection
Mr. Showe stated the next item is an agreement with the Osceola County Tax Collector for us to use their services to go on the tax bill when it is needed.
Mr. d'Adesky stated we have reviewed these contracts and with the Tax Collector and Property Appraiser there really isn't much negotiation room but they fit all the statutory criteria.

2

February 21, 2018	Windward CDD

On MOTION by Mr. Beeman seconded by Mr. Franklin with all in favor the agreement with Osceola County Tax Collector regarding the use ofthe Uniform Method of Collection was approved.

SIXTH ORDER OF BUSINESS	Consideration of Agreement with Osceola
County Property Appraiser Regarding the Use of the Uniform Method of Collection
Mr. Showe stated as Andrew indicated the next agreement is with the Property Appraiser and they want to get the agreement in place prior to us issuing assessments.

On MOTION by Mr. Clark seconded by Mr. Franklin with all in favor the agreement with the Osceola County Property Appraiser regarding the use of the Uniform Method of Collection was approved.

SEVENTH ORDER OF BUSINESS	Ratification	of License	and Maintenance
Agreement with K. Hovnanian at Mystic Dunes,LLC
Mr. Showe stated next is a license and maintenance agreement with K. Hovnanian at Mystic Dunes, LLC and the District.
Mr. d'Adesky stated at this point it is really a ratification because it has been executed. We drafted this agreement and we are comfortable with the terms. It allows them to access certain parcels for maintenance of landscaping and grounds. When we issue bonds we will have a requisition for development of the first tracts for reimbursement and we will try to have the conveyances contemporaneous with that. The tracts will come to us, the money will go to them.

On MOTION by Mr. Beeman seconded by Mr. Franklin with all in favor the license and maintenance agreement with K. Hovnanian at Mystic Dunes, LLC was ratified.

EIGHTH ORDER OF BUSINESS	Ratification	of	Landscape/Grounds
Maintenance Services Agreement with Down to Earth Grounds Maintenance

3

February 21, 2018	Windward CDD

Mr. Showe stated the HOA bid landscape maintenance services and we made this contract in accordance with the bid they provided. As we go forward the District many choose to change the scope or terms.

On MOTION by Mr. Beeman seconded by Mr. Clark with all in favor the landscape/grounds maintenance services agreement with Down to Earth Landscape was ratified.

NINTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. d'Adesky stated we will need to make the next meeting if we are going to approve a delegation resolution for the bond issuance. We have an acquisition agreement and that gave us a step ahead in the process.

Engineer
Mr. Kelly stated the Phase 1 construction is complete and the infrastructure was accepted by the Toho Water Authority. Phase 2 permitting is nearly complete we just need the County's approval and we are waiting for a recorded offsite drainage easement to do that. We will have a pre-construction meeting following that. Phase 3A construction is ongoing, that is the amenity center site. The only other item of note is we are doing some concept planning on Phases 3B and 4, which are outside the CDD boundary.

Manager
Balance Sheet and Income Statement
A copy of the balance sheet and income statement were included in the agenda package.

Ratification of Fiscal Year 2017 Funding Requests #5 - #7

On MOTION by Mr. Franklin seconded by Mr. Beeman with all in favor Fiscal Year 2017 funding requests #5 - #7 were ratified.

Ratification of Fiscal Year 2018 Funding Requests #1 - #4

4

February 21, 2018	Windward CDD

On MOTION by Mr. Beeman seconded by Mr. Franklin with all in favor Fiscal Year 2018 funding requests #1 - #4 were ratified.

TENTH ORDER OF BUSINESS	Other Business
There being none, the next item followed.

ELEVENTH ORDER OF BUSINESS	Supervisors Requests
Mr. Beeman asked when are the bonds going to be sold?
Mr. Sealy stated in some discussions with the landowner regarding timing of the bond issue, currently the anticipation is for a June bond issuance. We will prepare an updated timing responsibility schedule based on a financing timeline.
Mr. Beeman asked what kind of rate do you think it will be?
Mr. Sealy stated the market has moved quite a bit since January 3rd  and according to some economic news that just came out a couple minutes ago regarding some of the fed minutes that have now been published from the prior meeting, the market has moved about 50 basis points since the beginning of the year. We priced a deal in Osceola County several weeks ago and that priced just less than 5% average interest rate. The market has moved about 30 - 35 basis points in the last three weeks so if we were in the market today we would be around an average of 5% or 5 1/8% for a lower leverage day only deal and there is somewhere between a 50 and 75 basis point spread between A only and a combined A/B Bond. There is continued discussion regarding the structure, but we have been working up to this point that there would be both an A and B issuance.

On MOTION by Mr. Franklin seconded by Mr. Clark with all in favor the meeting adjourned at 2:11 p.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

5

-

en m 0

-

0z
<

This item will be provided under separate cover

en m 0
:j
0z
<

0

•	•	•	•

•

Windward
Community Development District

•	•	•	•

Unaudited Financial Reporting February 28, 2018

•	•	•

•	•	•	•	•	•

•	•	•	•

TABLE OF CONTENTS

 	BALANCE SHEET

 	GENERAL  FUND INCOMESTATEMENT

 	MONTH  TO MONTH

 	DEVELOPER CONTRIBUTION SCHEDULE

WINDWARD
COMMUNITY DEVELOPMENT DISTRICT BALANCE SHEET
February 28, 2018

ASSETS:
CASH
DUE FROM DEVELOPER
TOTAL ASSETS LIABILITIES:
ACCOUNTS PAYABLE

FUND EQUITY:
FUND BALANCES: UNASSIGNED

TOTAL LIABILITIES & FUND EQUITY

GENERAL FUND

$5,164
$32,743

$37,908

$30,111

$7,797

$37,908

WINDWARD
COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND
Statement of Revenues & Expenditures
For The Period Ending February 28, 2018

PROPOSED	PRORATED BUDGET	ACTUAL
BUDGET	THRU 2/28/18	THRU 2/28/18	VARIANCE
REVENUES:

DEVELOPER CONTRIBUTIONS	$93,327	$38,886	$36,705	($2,182)

TOTAL REVENUES	$93,327	$38,886	$36,705	($2,182) EXPENDITURES:
ADMINISTRATIVE:

SUPERVISORS FEES	$4,800	$2,000	$2,000
FICA EXPENSE	$367	$153	$0	$153
ENGINEERING	$12,000	$5,000	$0	$5,000
ATTORNEY	$25,000	$10,417	$433	$9,983
MANAGEMENT FEES	$35,000	$14,583	$14,583	($0)
INFORMATION TECHNOLOGY	$600	$250	$250	$0
TELEPHONE	$300	$125	$0	$125
POSTAGE	$1,000	$417	$7	$410
INSURANCE	$5,800	$5,800	$5,000	$800
PRINTING & BINDING	$1,000	$417	$414
LEGAL ADVERTISING	$5,000	$2,083	$0	$2,083
OTHER CURRENT CHARGES	$1,000	$417	$0	$417
OFFICE SUPPLIES	$625	$260	$260
TRAVEL PER DIEM	$660	$275	$60	$215
DUES, LICENSES & SUBSCRIPTIONS	$175	$175	$0

FIELD OPERATIONS:

LANDSCAPE MAINTENANCE	$0	$0	$12,139	($12,139)
LANDSCAPE CONTINGENCY	$0	$0	$2,522	($2,522)

($371)

FOUNTAIN MAINTENANCE	$0	$600	($600)
MISC. CONTINGENCY	$0	$0	$371

TOTAL EXPENDITURES	$93,327	$42,372	$36,144

EXCESS REVENUES (EXPENDITURES)	$0	$561

FUND BALANCE- Beginning	$0	$7,236

FUND BALANCE - Ending	$0	$7,797

2

-

DEVELOPER CDNTRIBUTIONS	$8,1"4	$::t,570

""""""'

WINDWARD

...	.      .	

COMMUNITY DEVELOPMENT DISTRICT

$14,1132	$6,757	$0	$0	$0	$0	$0	$0	$0

OCT	NOV	'"	,

APR	m,	'""	JUL	AUG	'"'	"""

TOTAL REVENUES	lit«	�3,570	Jl401	J141u	St,,757	ll!	i,	'lo	,0	'Iii	!o	lo	'36:7051

so

"""""'1IWM
SUPERVISOR FEES	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
flCAEXP'ENSE	so	so	so	$0	$0	$0	so	$0	so	$0	$0	$0	so
ENGINEERING	so	so	$0	$0	$0	$0	so	$0	so	so	$0	$0	so
ATTORNEY	so	$433	$0	$0	$0	$0	so	$0	$0	$0	$0	$0

MANAGEMENT HES

$2,!117	Sl."91'1	$2.917	$2,917	$0	so	$0	$0	$0	$0	$0

INFORMAllON TEO!NOLOG'I'	$SO	$SO
TELEPHONE	$0	so

$50	$50	$0	50	50	$0	50	$0	$0	$250
$0	so	$0	$0	$0	$0	$0	$0	$0	so

so

J>O!iTAGf	$1	$1	$0	$0	$3	$0	$0	$0	$0	$0	$0	$0	$1

so

INSURANCE	$5,000	$0	$0	$0	$0	$0	$0	50	$0	$0	$0	$5,000

so

so

so	so

PRINTING&811tlllNG	so	$3		$0	$0	$0	$0	$0	$0	$0	$0	$0	$J LEGAL ADVERTI5,ING		$0	$0	$0	so	$0	$0	so		$0	$0	$0	$0 OTHEII WRRENT �R6E5	so	$0	$0	$0	$0	$0	$0	so          $0	$0                     $0                     $0                     $0 OFFICE SUPPLIES                                  so              $0                          $0                      $0                       so                 $0                             $0                       so                           $0                       $0                     $0                         $1 TM.VELPERDIEM                                                  $0                           so                  $0                      $0                      $.,                         $0                             $0                        so           $0                     $0                       $0                     $0                        $00   DUES, LICENSES &SUISOIIPTIONS                               $175                         $0                               $0                      $0                       $0                                                           $0                       so           $0                     $0                       $0                     $0                    $175

so

flfll!..l2fU4ll
LANDSCAPE MAINTENANCE	$0	$2,63!il	$3,167	$3,lti7	$l,ll!i7	$0	$0	$0	$0	$0	$0	$12,139

lANDSCAPEOOHTlffGENO'	$0	$0	$2,SU	$0	so	so	$0	$0	$0

$0	$0	$2,522

FOUNTAIN tMINUMNCi	$JOO	$JOO	so	$0	so	so	so	so	so	$0	so	$0	$600
Msc.CDMTINGENC'Y	$0	$0	so	Sm	so	$0	50	50	so	$0	so	$0	sm
TOTALEXPENl>ITUIU	 	.....		$1�S6 	$6-        "      '      4	$6,197	 5              0	"   '		!2	I!!	$0	"	$0	£;!6.1441
Elces$ARWriualf•ptncltans)	li'001	rsi.n2i	,ss,ns1 	SS,321	$561	$0	 ,   .		!2	I!!	!2	$0	so	ssnl

3

FUNDING	PREPARED
REQUEST	DATE #

l	4/20/1 7
2
3	6/1 5/17
4	7/12/17

PAYMENT RECEIVED DATE

6/23/17
8/7/1 7
8/17/17
8/17/17

WINDWARD COMMUNITYDEVELOPMENT DISTRICT
DEVELOPER CONTRIBUTIONS/DUE FROM DEVELOPER

CHEO<		TOTAL	GENERAL	GENERAL		DUE	OVER AND AMOUNT	FUNDING		FUND		FUND	FROM		(SHORT)
REQUEST	PORTION (FY17) PORTION (FY18)	CAPITAL	BALANCE DUE
$	12,90 0 .o O $	12,9'.l 00 0 $	1 2,9'.l 00 0 $	$	$
$	4,626. 82  $	4.626. 82  $	4.626. 82  $	$	$
$	3,896. 69   $	3,896. 69   $	3,896. 69   $	$	$

4379. 33

4379. 33

$	8,873. 61   $	8,873.61  $	8,873.61   $	$	$

s	sm1

8/25/17	$	$

$	$	$	$

6	8/25/17
7	9/25/17

9/15/17
10 /26/1 7

$	8,737. 52   $	8,737.52  $	3,737. 52   $	5,o o w.a  $	$
$	3,0 84D   $	3,0 84D    $	3,0 843'.l  $	$	$

1	10 /24/17

�2/18

$	3,582. 92   $	3,582.92 $

$	3,144 17  $	$

2	l l�/17 
3	12/2'i¥].7
4	1/31/18
5	2/28/18

�2/18
;\/12/18
�2/18

$	3,570 .31    $	3,570 31.   $	$	3,570 31.   $	$
$	4,0 00 .72  $	40 0 fJ/.2   $	60 00 0  $	3,4> 0 ]2  $	$
$	14831. 96    $	14.831.96   $	$	14,831. 96   $	$
$	6,757.46   $	$	6,757.46   $	$	6,757.46

IDUE FROM DEVELOPER

 	$	72,484.18  $	79,241.6    4    $	42,537.02 $ 	36,704.62    $	$	6,757.46 

TOTAL DEVELOPERCONTRIBUTIONS FY18

$	36,704.62

4

Windward
Community Development District

Pa ee

FY18 Funding Request #5 February 28, 2018

General Fund FY2018

1	Down to Earth Inc.
Inv# 58250 - Landscape Maintenance - February 2018		
$	3,166.67	
2	Governmental Management Services-CF, LLC
Inv# 12 - Management Fees - February 2018		
$	2,970.13	
3	Latham, Shuker, Eden & Beaudine, LLP
Inv# 79678 - General Counsel - January 2018		
$	130.10	
4	Walter Beeman
Inv# WB022118 - Mileage/Toll Reimbursement - February 2018		
$	59.96	
5	Supervisor Fees February 21, 2018
Walter Beeman		
$	215.30	
	Tom Franklin		$	215.30	
			$	6,757.46	
		Total:	$	6,757.46	
	Please make check payable to:	Wire Funds To:		
	Windward Community Development District
1412 S. Narcoossee Road St.Cloud, FL 34771	Windward CDD SunTrust Bank, NA ABA#061000104 Acct#  1000193639530
Contact: Kelly Lawler		

(407) 237-1072

Bill To
WiND W,,UW CDD

LAffCS CA.PB & l:RRIGA'.l'JON

EcE1ven

0n	u

FEB 23 2018
BY-· ------

Invoice
bat$	ltwo�.fl

CIO GOVERNMENTAL MGMTSVCD - CFL, LLC 1412 s: NARCOOSSEE. RD.
ST. CLOUD; FL 34171

Description

Terms

Net 30

Qt,

2/1-()12018	582.SO

Project
WINDWARD CPD
Rate	Amo�nt

•• WIN'DWARD CDD ••
MON11iLY MAINttNANCB $SR.VICE · FEBRUARY

1	3; 166.67	3,166.61

1f�9\.-0-

""•"'lr "}d,\�

v}l.b•SJt,•\\(J,

�
. ,

Total

P.O, Box 738 * Tangerine, Florida 32777 • 352-385-7227 * FAX 352-385-7229 www.down2earthinc.com

$3,166.�7

GMS..Central Florida, LLC
1 001 Bradford Way
Kingston, TN 37763

BIii To:
Wmdward CDO 135 W. Central Blvd SUlte 320
Orlando. Fl 32801

Invoice
Invoice #: 12
lnvolee Date: 2/1118 Oue Date: 211/18
cue:
P.O. Number:

REC'D FEB O 6 2018

Description Mansgement Fees - February 2018
lnfonnatlon Technology  - February 2018	3<E1 I
Office Supplies	� 1
Postage	'{"2-

Hours/Qty	Rate

Amount 2,918.87

2,916J37
50.00

50.00
0.33
3.13

Total	$2,970.13	
Payments/Credits	$0.00	
Balance Due	$2,970.13	

LATHAM, SHUKER, EDEN & BEAUDINE, LLP
ATTORNE Y S   AT LAW 
lll N. MAONOUA AVB, STB 1400 ORLANDO, FLORIDA32801 POST OPP'JCE BOX 33S3 ORLANDO, FLORIDA 32802 TELEPHONE: (407) 481-5800

February 12, 2018
Windward. Community Development District c/o GMS Central Florida
135 W. Central· Boulevard, Suite 320
Orlando, FL �281 0

Matter ID: 9127--001

FACSIMILE: (407) 48l-S801

IN VOICE 

DECEIVEt� n  FEB 1� 2018  u
B�·------

General

For Dllbursements Incurred:

#�tl

,s

1 -11o·S1n	Invoice # 79678
Federal ID # 59-3366512

01/22/2018	Check # 44806 1<. HOVNANIAN HOMES; Disbursement for
JAC/91 27-001/Reimbursement of Payment on Invoice no. 78113 per Teresa Viscarra, DistrictAccountant

$1 30.10

INVOICE.SUMMARY

Total Disbursements Incurred:

$130. 10

For Disbursements Incurred:	�130. 10

-.. ------------..-·---N-ew--Ch-a-rg-es--th-is -In-v-oic·e·: -•.•- ---...--·. ---·-:-..---
Previous Balance: Less Payment and Credits Received:
Outstanding Balance: Plus New Charge. this Invoice:
Total Due:

@:..-·-§b... -
$738. 50
$663;50
$175.00
$130.10
$305. 10

BiUed Through: Jenumy31. 2018

Page 1

--·""'

Mileage log and Reimbursement Form - Windward COD

lt.:2

SupeNlsorName   ,------:::,-:------- 	I

2	1

i:11Stnct Mana- s-111 natu..,    r--::-,"< t;J. :'_,/- .  z

ForPenod

Total Mliea9e

•----,-�-----� 	0.-5-45-t
�----�!2!!'.�/1!.lll!J! 2121/18
··-··---...-·""'------

o,,,...	Slnn1n9 l oc�tloo

Or.-.t!naHon

I·Jit◄eOOIDiDi@ffl

Qdomi:-t<!t     Odorn<:!ter
Start	Enll	f!�jmbUlserru,<it

24S e. Hornbeam Drive,	l30S campus Str®t.
2/21 /18	LOmJWOOd, Fl 32779'	.klS'Slmmee.. FL 34741

tit° 5

[windward co� MeetiOOI
W O o -z. �1 ! �

$53.96 53.96

From: Jtmon Showe jshowe@gmscfl.com
Sub,ect: Fwd: Mileage For The Wlrldwanj COD Meeting Date: � 24, 2018 at 3:22 PM
To:  81aefe Vanderbilt svam1erb11t@gmscff.com

Jason Showe Dlstl1ct Manager
Gowrnmental Manaaement Services, Central FIOt1d;i 135 W, Central Blvd.
S11lt11 320
Orlando, Fl 32801 407•841�5524 X 105 - Office
407•839-1526 • Fax
407-470-S825 • CeD
ishQWS@8tD§dl,cpm

Under Florida law, e�mall addresses are public records, If you do not want your e-mall address released In res1>onse to a public records request, do not send. electronic mall to this entity. Instead, contact this office by phone or In writing.
Hls1ory.-s. 1, Ch, 2006-232.
Beginforwarded message:

From: Walter <Wa!terdb�41J91mBil,com;:,,

Subject: MIieage For The Windward CDD Meettng Date: February 24, 2018 at 3:20:34 PM EST
Ta: "lshowe@9mscfl.com" <jshowe@gllJi{lfLP.gm>
.IIISOn my mileage for the above meeting Is 2S679 be8)nnlng Miles , 2Sn6 endlna Miles. Tllll� $c. 00 Thanks
Sent frorn my !Phone