Randal Park Community Development District

Agenda October 18, 2019

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

October 11, 2019
Board of Supervisors
Randal Park Community Development District

Dear Board Members:
The Board of Supervisors of Randal Park Community Development District will meet Friday, October 18, 2019 at 9:30 AM at the Randal House Clubhouse, 8730 Randal Park Blvd., Orlando, FL. Following is the advance agenda for the meeting:
Roll Call
Public Comment Period (Speakers will fill out a card and submit it to the District Manager prior to the beginning of the meeting)
Approval of Minutes of the September 27, 2019 Meeting
Engineer's Report
Consideration of Resolution 2020-01 Declaring the Series 2018 Project Complete
Consideration of Agreement with Virgin Trains USA Florida, LLC
Staff Reports
Attorney
District Manager's Report
Approval of Check Register
Balance Sheet and Income Statement
Field Manager's Report
Supervisor's Requests
Other Business
Next Meeting Date
Adjournment
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 September 27, 2019 meeting. The minutes are enclosed for your review.
The fourth order of business is the Engineer's Report.
The fifth order of business is the c0nsideration of Resolution 2020-01 declaring the Series 2018 Project complete. A copy of the Resolution and Engineer's Certificate will be provided under separate cover.

The sixth order of business is the consideration of agreement with Virgin Trains USA Florida, LLC regarding the Central Florida Expressway Authority Rail Line Easement. A copy of the agreement is enclosed for your review.

Section B of the twelfth order of business is the District Manager's Report. Section 1 includes the check register for approval and Section 2 includes the balance sheet and income statement for review. Section 3 is the presentation of the Field Manager's Report that contains the details of the field issues going on in the community. The report 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,

George S. Flint District Manager

CC:	Jan Carpenter, District Counsel James Hoffman, District Engineer Marcia Calleja, Amenity Manager
Alexandra Penagos, Community Manager Darrin Mossing, GMS

Enclosures

MINUTES

MINUTES OF MEETING RANDAL PARK
COMMUNITY DEVELOPMENT DISTRICT
The regular meeting of the Board of Supervisors of the Randal Park Community Development District was held Friday, September 27, 2019 at 9:30 a.m. at the Randal House Clubhouse, 8730 Randal Park Boulevard, Orlando, Florida.

Present and constituting a quorum were:
Keith Trace
Charles "Chuck" Bell Thomas Franklin Katie Steuck Stephanie Cornelius
Also present were: George Flint
Jan Carpenter James Hoffman William Viasalyers Marcia Calleja Alexandra Panagos Lathan Smith

FIRST ORDER OF BUSINESS

Chairman
Vice Chairman Assistant Secretary Assistant Secretary Assistant Secretary

District Manager District Counsel
District Engineer by telephone Field Manager
Amenity Manager Community Manager Yellowstone

Roll Call

Mr. Flint 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 August 15,
2019 Board of Supervisors Meeting and Acceptance of the Minutes of the August 15, 2019 Audit Committee Meeting

On MOTION by Mr. Franklin seconded by Mr. Bell with all in favor the minutes of the August 15, 2019 Board meeting were approved and the August 15, 2019 Audit Committee meeting minutes were accepted.

September 27, 2019	Randal Park COD

FOURTH ORDER OF BUSINESS	Engineer's Report
Mr. Hoffman stated we are still working with the City on the streets in Phase 3 and 5. It has been a lengthy process, but we are working through that.
The only thing I haven't touched on is the proposal from the City for some of the traffic and trying to do retrofits to relieve some of the issues as a result of the Town Hall meeting last month. Most of them I don't have any concerns with and agree, things like relocating the stop signs in front of light poles, some of the curb striping and so forth. One that kind of gave me a little pause was the proposed use of the flexible delineators along Randal Park Boulevard, ostensibly to alleviate issues with people parking in the striped out areas that were originally designed for parking and stopping from parking on the opposite side of the street. My main concern is that those delineators look okay day one, they tend to age very quickly both in appearance and they are presumably knocked down and broken by trucks and things that hit them and so forth so the point I was making was that there may be some additional alternative solutions that we could look at to maybe alleviate those issues that won't quickly lead to issues that the residents will have to deal with. That intersection was originally designed for stop signs and after it was constructed the City insisted on revising the plans to hash out some of the parking stalls and didn't think it would be an issue with people parking in those spaces and it is. Parking on the opposite side of the street, to stop and get your mail is a challenge where you have parking like that. We would have to look at some solutions that could be done that don't involve those delineator posts but still provide the safety enhancement that the residents are looking for but maybe a better aesthetic fix and reduce the need for ongoing maintenance to make those look good.
Ms. Cornelius asked what are some other options? I think the biggest problem is the
people crossing the street, driving in the wrong direction. What would another option be?
Mr. Hoffman stated I haven't had an opportunity to check on the traffic plans but I believe they have a product that rather than a delineator it is almost like a raised curb so it is mountable and okay for use in the road but it has reflectors on it and it is more of a ground level deterrent. It doesn't impede fire access or anything like that. I understand the major concern is for the residents we understand the issues out there and I want to advise you of the perspective I have on how those things physically look six months or a year down the road. If the residents want them and there is a lot of support for this solution and you want to move forward I wouldn't

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September 27, 2019	Randal Park CDD

say that it would not serve the purpose to relieve the situation you are seeing now. I don't object from a safety standpoint I just know from a maintenance program when you go back it may be some time before they come out to constantly repair those.
Ms. Steuck asked what do you think about doing that in the meantime until we can get a better solution? I know the guy who proposed them said we could use it as a temporary solution and get them to take them back up if we didn't like it. Is there any way we can do that for a little while since it is no charge to us until we can get a more permanent solution?
Mr. Hoffman responded yes. That is the attractiveness of that solution especially from the City's standpoint is that they are low cost, easy to install and then they are out. They are also easy to remove with minimal damage to the road. There are other solutions that could potentially be more costly like deleting those parking spaces, which they are no longer used they are just striped out, extending that curb and landscaping those areas instead of keeping the asphalt and remove the space in its entirety. People driving on the wrong side of the road is more of a challenge, but we can look at more permanent solutions or alternate solutions after those are in place. You can do it now as a test run and if everybody likes them and they are working good them we keep them and maybe there is no reason to change.
Ms. Cornelius stated I think crossing the street is the bigger concern than the parking in the striped out area.
Mr. Hoffman stated they both boil down to parking issues but from a traffic control standpoint it is better to avoid relying on enforcement if you can install physical posts. Parking on the wrong side of the street is illegal in almost every jurisdiction in the country but if there is no enforcement people are going to keep doing it. It is hard to maintain those things that you want to maintain with a two-way street without going to a full median section and things like that, which presents its own issues. The measures themselves make sense, I think there may be some other options but in terms of the City putting things in immediately due to safety concerns, I don't have any objections there.
Ms. Cornelius asked do you think the City would install something else that the City would pay for versus the CDD having to pay for it?
Mr. Hoffman stated that is going to be a discussion with the City. To some extent once they pay for one solution out there to come back depending on the eventual solution they may be

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September 27, 2019	Randal Park CDD

very slow to fund it. I can't speculate on what they would or would not be able to do particular when we don't know what the ultimate solution would be.
Ms. Carpenter stated I will echo the concern. If you put in something initially it is going to be really hard to get the City to pay for a change. That would be my concern if we can come up with something more quickly at least there is a chance the City would pay for it.
Ms. Cornelius stated I think we should look at other options and ask the City if they have other options before approving these poles.
Ms. Steuck stated we kind of already did that with him and he basically said, this is the option they will give us and he didn't mention any other options. I wonder if we do it and prove it doesn't work then we can force them, we did what you told us to and it is still not working, now you need to do something else.
Mr. Hoffman stated let me clarify. The City kind of menu of options here this is their prescribed treatment for this type of issue. There is a reason it is the prescribed treatment, it is very cost effective to them. They won't necessarily go out and maintain them plus they are easy to install quick and dirty they don't have to hire a curbing crew and do heavy modification to bring in equipment, just a guy with a drill and some epoxy. This is their standard. There may be some other bolt down type thing that would be a similar effort to install, maybe a little different procurement but also relatively cost effective for the City. I don't think they are going to go out and hunt options but if we can quickly propose alternates it would be worth exploring.
Mr. Flint stated to avoid waiting another 30 days you might consider delegating the final decision to a Board member and since we are not paying for it, we don't need to set a not to exceed amount but if there is some urgency or desire to get something done you might consider doing that.
Mr. Hoffman stated particularly with the safety concern that has been raised and that it is an ongoing issue out there I would be hesitant to do anything to delay it so if it is not something that we can get an alternate solution quickly I think there is potential liability there if we put on the brakes if they are ready to install a solution. I will give our team here today to see if we think there is any viable options that are cost effective we will send those out to George that he can distribute. I would like to get out of the way of this process as quickly as possible to mitigate any perceived liability from a schedule delay standpoint.

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September 27, 2019	Randal Park CDD

Mr. Trace asked you know those little balls that are bigger than a softball smaller than a volleyball that kind of glue down? Those seem to last a little longer. Is that an option?
Mr. Hoffman stated that is kind of the thing I'm thinking about. I know there is a whole catalog that our guys get that 99% of those things you never actually see somebody buy and use and put in but there is usually a very specific circumstance where they would be great.
Mr. Trace stated I have seen them on roundabouts.
Mr. Hoffman stated the City is not going to go with all these exotic solutions they have delineators on the shelf and they will go out and put them in and call it a day. I said exotic but they are not something the City stocks 100 different options for these, but they can be very cost effective. We will look at some options and give you anything that will have less long term maintenance that will have the same affect more level of investment to get those in and see if that is something the City would be amenable to.
Ms. Carpenter stated you will need a resolution delegating to one of the Board members authority to make a final decision after Jimmy has explored options with the City.

On MOTION by Ms. Cornelius seconded by Mr. Trace with all in favor Ms. Cornelius was authorized to make the final decision in consultation with staff on an alternate solution to the delineator posts.

Ms. Steuck stated a lot of the stop signs are covered by overgrown trees and Alex has sent out notices but if there was an accident because a stop sign was covered and the CDD or HOA has known about it, would we be liable for that? A couple people have trimmed back their trees, but a lot of stop signs you can't see.
Mr. Franklin stated the streets are City of Orlando streets. Mr. Flint stated we wouldn't be liable the City would be.
Mr. Franklin stated they are supposed to have a clear zone. If tree limbs are hanging over they should get them removed or cut higher.
Mr. Trace stated I would urge the residents to do it in front of their house because the City is going to come out with a power crew and chop it.

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September 27, 2019	Randal Park CDD

Mr. Flint stated the residents are specifically responsible for maintenance of the street trees. It is not a CDD issue, but we can do anything to help with them. It might be a code enforcement issue and they can handle it that way.

FIFTH ORDER OF BUSINESS	Consideration	of	Aquatic	Maintenance
Agreement	with	Applied	Aquatic Management, Inc.
Mr. Flint stated this is the renewal of the agreement with Applied Aquatic Management, Inc. We have an increase budgeted to $9,600 but the proposal is for $8,940. Does this proposal include Randal Walk?
Mr. Viasalyers responded yes.

On MOTION by Mr. Bell seconded by Mr. Trace with all in favor the agreement with Applied Aquatic Management, Inc. in the amount of $8,940 was approved.

SIXTH ORDER OF BUSINESS
Mr.

Consideration of Army Corps of Engineers Permit Transfer

On MOTION by Mr. Trace seconded by Mr. Franklin with all in favor the transfer of the Army Corps of Engineers operating and maintenance SAJ-2006-4040 (IP-JSC) permit to the District was accepted.

Mr. Hoffman left the telephone conference at this time.

SEVENTH ORDER OF BUSINESS	Consideration of Proposals from City of
Orlando for Street Modifications
This item taken under the engineer's report earlier in the meeting.

EIGHTH ORDER OF BUSINESS	Consideration of Landscape Maintenance
Agreement with Yellowstone Landscape
Mr. Flint stated Yellowstone's current agreement expires at the end of the month, which is the end of the fiscal year. We have included the proposed new agreement it is the same form as the prior agreement. The price sheet is attached as Exhibit C to this agreement, it does match up with what was anticipated and what was budgeted and it does include the Randal Walk

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September 27, 2019	Randal Park CDD

additional areas and the total amount is $24,022 per month and the annual amount matches the budgeted amount of $288,264.
Mr. Trace stated other than possible yearly increases this is it, everything is in it.
Mr. Flint stated the only other thing that is missing from the contract is the revised map, which will be Exhibit A to the agreement. We would like to ask the Board to approve it subject to incorporation of the price form and inclusion of the map reflecting the additional areas that are incorporated.
Ms. Steuck asked is the term of the contract one year?
Mr. Flint responded yes and it does have a termination provision without cause so any time there are performance issues you can terminate or if the Board decides that you want to bid it out.

On MOTION by Mr. Trace seconded by Ms. Cornelius with all in favor the agreement with Yellowstone Landscape for landscape maintenance was approved subject to inclusion of the price sheet and the map reflecting the additional areas that are incorporated.

NINTH ORDER OF BUSINESS	Consideration of Agreement with Grau &
Associates to Provide Auditing Services for Fiscal Year 2019
Mr. Flint stated next is the agreement with Grau & Associates to provide auditing
services for Fiscal Year 2019. Fiscal Year 2019 ends this month and you selected Grau as the independent auditor previously, they provided pricing for five years. This will be the initial year of that five-year period. It is budgeted and is a state requirement that it be done annually.

On MOTION by Mr. Franklin seconded by Ms. Cornelius with all in favor the engagement letter with Grau & Associates to perform the Fiscal Year 20 19 audit in the amount of $4,200 was approved.

TENTH ORDER OF BUSINESS	Ratification of Polling Place Agreement with
City of Orlando
Mr. Flint stated next is an agreement with the City of Orlando. This is going to happen in November for the City election. The Board has already approved the general election in even numbered years with this serving as a polling place for the Randal Park residents. This is a City election and they have also asked that they be able to use this facility as a polling place. I have

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September 27, 2019	Randal Park CDD

executed it since there was a timing issue and I ask the Board to ratify the agreement. We were able to get minor language changed to the section that deals with damage to the facility. Initially the agreement basically said they had no responsibility for any damage. We got that changed to say basically they are responsible for damage as a result of negligence.

On MOTION by Ms. Cornelius seconded by Mr. Trace with all in favor the polling place agreement with the City of Orlando was ratified.

ELEVENTH ORDER OF BUSINESS	Ratification of Series 2018 Requisition no. 2
Mr. Flint stated this is for the Randal Walk project, the assessments and bond funds related to this are solely related to the Randal Walk project. This requisition for $38, 140.52 draws the remaining funds that were in the construction and acquisition account. The eligible costs were about $45 1,000, they are requisitioning the remaining funds of $38, 140.52, which leaves a developer contribution of $413,000. It doesn't really mean anything for us as far as the developer contribution at this point, but we are documenting that the cost of the infrastructure exceeds the amount we have available, but the developer is responsible for any remaining costs. It is not anything the CDD has an obligation to pay.

On MOTION by Mr. Bell seconded by Ms. Cornelius with all in favor requisition no. 2 for the Series 2018 bonds in the amount of
$38, 140.52 was ratified.

Ms. Carpenter stated since this is the last requisition we are working with Mattamy to establish that all the work is completed in Randal Walk and we have a certificate and process for completing the bond issue and to finalize the assessments. We will go back and confirm that everything has been done for all the bond issue so there will be nothing else left on the infrastructure financing.
Mr. Flint stated we will put that on the next agenda.

TWELFTH ORDER OF BUSINESS	Consideration of Maintenance Proposals
Pool & Splash Pad Landscape Enhancement

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September 27, 2019	Randal Park CDD

Mr. Flint stated we added a new item 12 for some maintenance proposals. I believe these were emailed to the Board. They came after the agenda went out and William has handed out hard copies of the three proposals.
Mr. Viasalyers stated we met with Yellowstone on site and reviewed some of the areas. We wanted to try to enhance the area prior to the holidays and that proposal is to go around the pool deck, beautify and enhance it and make it look good for the holidays.
Ms. Cornelius asked what is the warranty on the new plants that are added? Mr. Smith stated a year.
Mr. Flint stated they aren't going to be able to warranty relocating plants; the success rate is fairly low on relocating plants. On new plants the standard is a year. Normally Yellowstone has said as long as they are the contractor they will warranty the plants but we will have to confirm that.
Mr. Trace asked if approved when would you commence work and how long would it
take?
Mr. Smith responded it looks like it is two days to remove and get the new material
installed and mulch will be done at a later date when we mulch the CDD area of the community. It should take about two days and should be the middle of next month.
Mr. Bell asked does this fall under landscape replacement? Mr. Flint stated yes.
Ms. Cornelius asked is that coming out of this year's budget or next year's?
Mr. Flint stated next year because it is going to be done in October. If we end up short we can look at reserves or contingency and to a budget amendment if we need to. If something else comes up don't be concerned that we only have $6,400 left in that line, we can probably come up with other money if we need to.

Pool Umbrella Replacement
Mr. Viasalyers stated this is the cantilevered umbrella that has been out there since inception of the building here. Maintenance staffonsite has repaired it time and time again and we are the point where two of them can no longer be repaired. We would like to buy two replacements.
Mr. Flint asked is the umbrella going to be the same color?

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September 27, 2019	Randal Park CDD

Mr. Viasalyers stated yes.
Mr. Trace stated the next budget after this you will replace the other two. Mr. Flint stated yes.

Treadmill Replacement
Mr. Viasalyers stated the treadmill in the gym has been down and we met with the representative and this comes with a good warranty.
Mr. Franklin asked which line item will this come out of?
Mr. Flint responded capital reserves and we have $339,000 in there. We can also do the pool umbrella replacement out of the capital reserve as well.

On MOTION by Mr. Trace seconded by Ms. Cornelius the above referenced proposals were approved.

THIRTEENTH ORDER OF BUSINESS	Staff Reports
Attorney
There being none, the next item followed.

Manager
Approval of Check Register
Mr._ Flint presented the check register from August 1, 2019 through September 22, 2019 in the amount of $121 ,067.80.

On MOTION by Mr. Franklin seconded by Ms. Cornelius with all in favor the check register was approved.

Balance Sheet and Income Statement
A copy of the balance sheet and income statement were included in the agenda package.
No Board action was required.

Field Manager's Report

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September 27, 20 19	Randal Park COD

Mr. Viasalyers stated at the last meeting we had a resident who was concerned about some dead palm trees in the center island and Yellowstone removed them. An update on the bridge repair, we were originally Labor Day preparing to have it stained, the hurricane happened and we put that off and the new date is October 14th to finish that up and get it stained.
Ms. Cornelius asked when will the mulching start?
Mr. Smith stated the mulching has to be completed by October 3 1st•
Ms. Calleja gave an overview ofthe recent events and the upcoming Halloween event.
Mr. Viasalyers stated starting October 1st we are going to commence the common area pressure washing.

FOURTEENTH ORDER OF BUSINESS	Supervisor's Requests
There being none, the next item followed.

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

SIXTEENTH ORDER OF BUSINESS	Next Meeting Date
Mr. Flint stated the next meeting is October 18, 20 19 at 9:30 a.m.

On MOTION by Mr. Franklin seconded by Ms. Cornelius with all in favor the meeting adjourned at 10: 14 a.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

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-	·	SECTION V

This item will be provided under separate cover

-· ·-- . . :;:::.;.. _

SECTION VI

Prepared by and return to: Ambarina A. Perez
Florida East Coast Industries LLC 700 NW 1 '1 Avenue, Suite 1620
Miami, Florida 33136

AGREEMENT

This Agreement ("Agreement") is entered into this    day of 	, 201 9 ("Effective Date"), by and between Virgin Trains USA Florida LLC, a Delaware limited liability company (f/k/a Brightline Trains LLC, f/k/a All Aboard Florida - Operations LLC ("VT"), and Randal Park Community Development District ("Randal Park CDD"). VT and Randal Park CDD are each referred to herein as a "Party" and collectively, as the "Parties").
RECITALS:

Pursuant to that certain Central Florida Expressway Authority Rail Line Easement dated November 30, 201 5, recorded December 1, 201 5, Document # 201 50620722, Book 11 020, Page 4646, of the Public Records of Orange County, Florida (as amended and/or supplemented from time to time the "Rail Line Easement"), Central Florida Expressway Authority, a body corporate and politic existing pursuant to Chapter 348, Florida Statutes ("CFX") granted to VT certain easement rights on, over, under, through and across certain lands for the purpose of constructing and operating an intercity passenger railroad (the "VT Railroad Project").
Randal Park CDD, by virtue of that certain Special Warranty Deed recorded April 24, 201 7, Document # 201 70224780, of the Public Records of Orange County, Florida, is the owner of the real property in Orange County, Florida, which is located at or adjacent to the VT Railroad Project, and which is more particularly described in Exhibit A attached hereto and made a part hereof ("Randal Park CDD Property").

A portion of the Randal Park CDD Property is burdened by that certain Temporary Construction Easement dated May 29, 201 5, recorded , Document # 	, Book  , Page _, of the Public Records of Orange County, Florida ("TCE") whereby Mattamy (Jacksonville) Partnership, a Florida General Partnership , as grantor, granted to CFX, as grantee, a non-exclusive temporary construction easement over the Temporary Construction Easement Area (as defined in the TCE) for the benefit of CFX, CFX's successors and assigns, and their respective  employees,  agents,  contractors,  subcontractors,  independent  contractors  and licensees, to access and construct the Project (as defined in the TCE), which includes, without limitation , the VT Railroad Project, subject to the terms and conditions of the TCE.

VT has preliminarily determined that a design change of an aspect of the VT Railroad Project adjacent to the Randal Park CDD Property may result in a reduction of its project costs and wishes to agree with Randal Park CDD on the terms and conditions by which VT can

continue to study and confirm the cost savings and ultimately pursue the design change of the VT Railroad Project.

Subject to the terms and conditions of this Agreement, Randal Park CDD is willing to agree to the design change of the VT Railroad Project.

NOW THEREFORE, in consideration of Ten and No/1 00 Dollars ($1 0.00) and other good and valuable consideration , the receipt and sufficiency of which are hereby acknowledged, Randal Park CDD and VT hereby agree as follows:
As used herein, "Conditions Precedent" shall mean: (i) CFX approving the Design Change (as hereinafter defined) and agreeing to enter into the Slope Easement (as hereinafter defined); and (ii) VT determining in its sole discretion that (A) implementing the Design Change, including, without limitation, all design and permitting costs for the First Stage Embankment (as hereinafter defined) and the Second Stage Embankment (as hereinafter defined), (8) the construction costs of the First Stage Embankment, (C) all costs associated with making modifications to the existing stormwater control structure on the Randal Park CDD Property necessary to meet the permitting requirements for the Two-Stage Earthen Fill Embankment (as hereinafter defined); and (D) the design, permitting and construction costs of building a sound wall in accordance with CFX design standards, will result in a sufficient cost reduction of the VT Railroad Project.
Subject to satisfaction of the Conditions Precedent, VT and Randal Park CDD agree to change the design of the VT Railroad Project adjacent to the Randal Park CDD Property by substituting a two-stage earthen fill embankment ("Two-Stage Earthen Fill Embankment") for a large MSE wall near the Randal Park CDD Property as more particularly shown on the preliminary plan attached hereto as  Exhibit "B" and made a part hereof (the "Design Change"); provided, however, that (i) Randal Park CDD will, at no cost to VT or CFX, grant to CFX (A) a perpetual slope easement (the "Slope Easement") over the portion of the Randal Park CDD Property identified in the Design Change (the "Slope Easement Area") for the construction, installation, use, operation, maintenance, repair and improvement of the Two- Stage Earthen Fill Embankment, including, without limitation, for the construction, installation, use, operation, maintenance, repair and improvement by VT of the First Stage Embankment, consistent with and to the extent of its rights and obligations in the Rail Line Easement with respect to the Southern Slope Property (as defined in the Rail Line Easement), and the construction , installation, use, operation, maintenance, repair and improvement by CFX (its successors or assigns) of the Second Stage Embankment, consistent with and to the extent of its rights and obligations in the Rail Line Easement with respect to the Southern Slope Property; and (B) a temporary construction easement over a portion of the Randall Park CDD Property (the "Second TCE"), substantially similar to the TCE, to CFX (including its successors or assigns) for the construction, in the future, by CFX (its successors or assigns) of the Second Stage Embankment in the Slope Easement Area, in the event CFX chooses to construct any future lntermodal Rail Improvements (as defined in the Rail Line Easement) or other proposed future uses on CFX's land which do not interfere with VT's Intercity Passenger Rail Service (as defined in the Rail Line Easement). Randal Park CDD agrees to use commercially reasonable, good faith efforts to agree to terms with CFX and execute the Slope Easement and the Second TCE within 90 days of the satisfaction of Conditions Precedent. Upon satisfaction of the Conditions Precedent, VT shall, at its sole cost and expense, cause a sketch and legal description for the Slope Easement Area and for the temporary construction easement for the Second TCE to be prepared by a Florida licensed surveyor.

Subject to satisfaction of the Conditions Precedent, VT, at its sole cost and expense, shall (i) design and permit the Two-Stage Earthen Fill Embankment, including, without limitation, the interim configuration of the earthen fill embankment for the Slope Easement Area ("First Stage Embankment") and the ultimate configuration of the earthen fill embankment for the Slope Easement Area (the "Second Stage Embankment"); (ii) construct the First Stage Embankment; (iii) modify the existing stormwater control structure on the Randal Park COD Property as necessary to meet the permitting requirements for the Two-Stage Earthen Fill Embankment; and (iv) design, permit and construct a sound wall, as shown in the Design Change, and which meets CFX design standards.

VT shall notify Randal Park COD in writing if the Conditions Precedent are satisfied; provided, however, that in the event the Conditions Precedent a re not satisfied on or before 1 80 days following the execution of this Agreement, the Design Change shall be abandoned by VT and the parties shall have no further obligations under this Agreement.

Any notice or other communication ("Notice") required or permitted under this Agreement shall be in writing and either delivered personally or sent by overnight delivery, express mail, or certified or registered mail , postage prepaid, return receipt requested.
Each Notice shall be addressed as follows: If sent to Randal

Park COD, to:

If sent to VT, to:

With a copy to:

Clo Governmental Management Services Central Florida LLC
1 35 W. Central Boulevard, Suite 320
Orlando, Florida 32801 -2435

Virgin Trains USA Florida LLC
1 0705 Jeff Fuqua Blvd., Suite 41 14 
Orlando, Florida 32827 Attention: Scott Gammon

Virgin Trains USA Florida LLC 161 NW 6th Street, Suite 900
Miami, Florida 331 36 Attention: General Counsel

A Notice sent by overnight delivery or express mail shall be deemed given twenty-four
(24) hours after having been sent, if delivery is confirmed by the carrier. A Notice that is sent by certified mail or registered mail shall be deemed given forty-eight (48) hours after it is mailed, if delivery is confirmed by the carrier. If any time period in this Agreement commences upon the delivery of Notice to any one or more Parties, the time period shall commence only when all of the required Notices have been deemed given. A Party may designate, by Notice to the other, substitute addressees, or addresses for Notices. Thereafter, Notices will be directed to those substitute addresses or addresses.
No Party may assign, encumber or otherwise transfer this Agreement to any other person or entity without the prior written consent of the other Parties, which consent will not be unreasonably withheld, conditioned or delayed, provided that VT has the right, without Randal

Park CDD's consent, but with prior written notice to Randal Park COD, to assign or otherwise transfer this Agreement to (a) any entity controlling, controlled by or under common control with VT; (b) any entity acquiring substantially all of the assets of VT; or (c) any successor entity in a merger or consolidation involving VT. Any assignee is subject to the terms of this Agreement. This Agreement and the Parties' respective rights and obligations under this Agreement are binding upon and inure to the benefit of the Parties hereto and each of their respective permitted successors and assigns.

It is the intention of the Parties hereto that the rights and obligations herein established shall run with the Randal Park COD Property, and shall bind the owner of the Randal Park COD Property and its successors, assigns and mortgagees.

This Agreement constitutes the entire and final agreement and understanding between VT and Randal Park COD regarding the implementation of the Design Change. The Recitals and the Exhibits referred to herein are integral parts hereof and are hereby made a part of this Agreement. This Agreement may only be modified or supplemented by an instrument in writing executed by a duly authorized representative of each Party.

The relationship between the Parties is not that of partners, agents, fiduciaries, or joint venturers and nothing contained in this Agreement constitutes a partnership or agency agreement between them for any purposes, including but not limited to federal income tax purposes.

1 0. The language in all parts of this Agreement will in all cases be construed simply, as a whole and in accordance with its fair meaning and not strictly for or against any Party. The Parties hereto acknowledge and agree that this Agreement was carefully negotiated as an arm's length transaction, that each Party was given the opportunity to independently review this Ag reement with legal counsel, and that each Party has the requisite experience and sophistication to understand, interpret, and agree to the particular language of the provisions hereof. Accordingly, any rule that ambiguity is to be interpreted or construed against the Party preparing an agreement shall not apply.

If any term or prov1s1on of this Agreement is held by a court of competent jurisdiction to be invalid or unenforceable, the remainder of this Agreement shall not be affected thereby and each other term and provision of this Agreement shall remain valid and enforceable to the fullest extent permitted by law. It is the intention of the Parties to this Agreement, and the Parties hereto agree, that in lieu of each clause or provision of this Agreement that is illegal, invalid or unenforceable, the court will supply as a part of this Agreement an enforceable clause or provision as similar in terms to such illegal, invalid, or unenforceable clause or provision as may be possible.

This Agreement will be interpreted and enforced under the laws of the State of
Florida.

Any controversy or claim arising out of or in any way relating to this Agreement
which cannot be amicably settled without court action shall be litigated in a state or federal court located in the State of Florida.

This Agreement is not intended to and does not create any third-party beneficiary or authorize anyone not a party to this Agreement to maintain a suit or claim of any kind to enforce the terms and conditions hereof.

1 5. This Agreement may be executed in one or more counterparts, each of which shall be deemed to constitute an original, but all of which, when taken together, shall constitute one and the same instrument, with the same effect as if all of the Parties to this Agreement had executed the same counterpart. Any signature to this Agreement transmitted via facsimile or other electronic signature shall be deemed an original signature and be binding upon the Parties hereto (it being agreed that facsimile or other electronic signature shall have the same force and effect as an original signature).

16. The Parties covenant and agree, for themselves and their respective successors and assigns, to execute such other documents and take such further actions as may be reasonably requested by the other in order to carry out the provisions and spirit of this Agreement.

1 7. Waiver by any Party to this Agreement of any term, condition, or covenant of this Agreement does not constitute a waiver of any other term, condition or covenant and shall only be deemed to be effective if the same is in writing and executed by the Party whose right is being waived. Waiver by any Party of any default under the provisions of this Agreement does not constitute a waiver of any other provision or a waiver of any subsequent default or violation of any provision of this Agreement.

Each Party hereto represents to the other Parties hereto that such Party has the legal right, power and authority to enter into this Agreement.

In the event that a Party pursues legal action against another Party to enforce the terms of this Agreement, the prevailing Party shall be entitled to recover reasonable attorneys' fees and costs from the non-prevailing Party.
[signatures are on the following pages]

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first set forth above.

WITNESSES:

Print Name: Print Name:

Print Name: Print Name:

VT:
VIRGIN	TRAINS	USA	FLORIDA
LLC,	a	Delaware	limited	liability company

By: 	
Name:----------
TitIe:- 		 	
Date: ---------
RANDAL PARK CDD:
RANDAL	PARK	COMMUNITY DEVELOPMENT DISTRICT

By 	 	
Name:----------
Titie:  	
Date: ----------

STATE OF FLORIDA
COUNTY OF  	

The	foregoing	instrument	was	acknowledged	before	me	this	 	day	of
201 9,	by

of Virgin Trains USA Florida LLC, a Delaware limited liability company, on behalf of said limited liability	company,	□	who	is	personally	known	to	me	or	□	who	has	produced
 	as identification.

Print Name: 	 Notary Public
(Notary Seal)	My Commission Expires: 	_ 	

STATE OF FLORIDA
COUNTY OF __	_

The	foregoing	instrument	was	acknowledged	before	me	this
201 9,

___day	of
by

of Randal Park Community Development District, on behalf of said district, □ who is personally known to me or □ who has produced 	as identification.

Print Name: 	
Notary Public
(Notary Seal)	My Commission Expires: 	

EXHIBIT "A"

Randal Park CDD Property

Tract B-NV3, Randal Park - Phase 5 Plat, according to Plat Book 89, Page 66 of the Public Records of Orange County, Florida.

Property Record - 32-23-31-1 955-02-003

EXHIBIT "B"

Design Change

[See Attached}

110

100

------------ ·· --------------- · -- -----· ---- --· · ---- ---- ·· --· T -- · -----------·��;��-:��-;��-�;-����- ·-· ·-··-- r--·---·-·--·-- ·------··----·--r-·--···-------··.-----------··--T·------------·-r-·-	:

i r	:	�

�f

�

L

t ��!�

�

/:	:

::	J2'	EL 84_.Z�	:	:	:	:

0

. -· ... --...:� -:�-_ -·.-------------�i- ----- --. - --- --- --� ���   ------ �:--- -------------�: --5'--AB· --O·V-E--T-O-P--O-��-R-A-i-l.}------·	.	---- ------------::------··------ --i------------- ---;:  ------------ --r····--·-------·1···-------· · ---

110

100

_;�...

. 0

3:L,   ___ _::'-:   - 	"-!;

-i:-3 	�•   --

-i:o-~ -\. .,,;,: __ 

ACCESS :kOAD FOR RR MAIN'f:  ENANCE

90	--------
80

70

60

-- -i---·-··---------

--,-·-··--···- -�

- ----

--- -- ·-·· :

--------· .··-::_:---�----- -- ------------+-··-···-·E�.-;9t--·-···--···-j···--·-·--------:----··-·-·····---:---------------	90	�

:;

.._ -... -

.-10

V :

:

:

:

:

�

i

s£coND  STAGE  EMBANKMENT	:	80

;

70	�
i

50
.:	:	:	:
:

::	:	:

��

™

::	:	SI.OPE EA: SEMENT AREA     •	'

w
-100

-80	-60

-40	-20	20	40	60	80	100	120
MATTAMY  POND   TYPICAL SECTION

40	"...

140

...
u

JJ    JJ	SCALE,

�

�

i�

I

i!:
:!5

""
211 H.	I

=�--=--•-

i� -

�AB OARD FI.OR/DA

"'"	"ESC•t

:���

::;.

ij.,_ � t;11..�� 

nAT<

P.{VISIONS

=-tNTB m:RltTC,,...,,Gr,U,,:C,,,,.,,.,,,..,rt_.,,,,	 	

EXHIBIT	B

r1• --w v.

NO.

I SHEET I

"'i

AAF RAILROAD TRA CK

�

::� g� �� �:ir	c�I£LIQIEDUtER&w  OF �DRAIIIAGEFtV'f. llfSrvGISntATM.0-JL.io,"JE. SIG#

CONTRACT CO2

I

ROAD NO.	CMNJf'

r",

PROJECT	TYPICAL SECTION

�ii!!Cl. f	r.. /IIO.EH.H#0H•O#INH• Ta�EI(:fEORCiP.EE. 11It0. ,G3U1Jt10OOl-f;,   J/>O.SEH. I/IIOA. rA1. 6B1N1"R

ORANGE	ABOARD FLORID
$USERS	JO.tTES	fTI/IE$

Sf"ILU

SECTION VI I

SECTION	8

I

SECTION	1

Randal Park
Community Development District
Chec k Run Summary
September 23, 2019 thru October 10, 2019

Fund

Date

Check No.'s	 	

Amount

General Fund

Payroll

9/24/19
9/25 /19
9/26/19
10/3/19
10 /8/19
10/10/19

September 2019 Kathryn F Steuck Keith Trace
Stephany C Cornelius Thomas O Franklin

1785-1786
1787
1788-1796
1797-1802
1803-1809
1810

50069
50070
50071
50072

$	15,238.24
$	80,000.00
$	7,107.95
$	32,447.95
$	27,257.50
$	12,453.45
$	174,505.09

$	184.70
$	184.70
$	184.70
$	184.70
$	738.80
$	17s,243.s9 1

BANK A RANDAL PARK COD

A*P* *30C0RHECK  DATES  09/23'/2019  -  10/11/20 1 Y9 EAR** *-TO-DATERAANCDCALOUNPTASRKPACYOABDLE  PREPAID/COMPUTER  CHECK  REGISTER	RUN  10/11/19	PAGE	1

CDHAETECK    VEND#	. • D• A• T• EINVOINCVEO• I• C• E••   •Y• R• MEXOPEDNPSTEDATCOCT#. . . SUB    SUBCLASS  VENDOR  NAME	STATUS

AMOUNT

A• M• O. U. CNTHECK • • #••• 

9/24/19 00033

9/24/19 00033

9/25/19 00054

9/23/19 092 3 2019 201 90 9 300-2 07 00-10300 

FY19  DEBT  SERVICE-SER12

FY19  DEBT  SERVICE-SER15

RANDAL PARK COD C/0 WELLS FARGO 9/23/19 09 2 3 2019 201909 300-2 070 0-103 00 
RANDAL PARK COD C/0 WELLS FARGO
9/25/19 092 5 2019 2 019 0 9 320 - 58100 -10000 

*	6, 094 .96 

-	-	-

- - - -	- - - -	6-,09-4-. 9-6  001785

-	-

*	9, 143 .28

,.

- - - - -	- - - - -9-, 14-3 . 2 -8  001786 
80, 000 .00

FY19  CAP  RESERVE  TRANSFER    RANDAL  PARK  CDD  C/0  STATE

BOARD OF

- - - - -  - - - - - -8 0-, 0-00-. 0-0  001787 

9/26/19 00031	8/31/19 179701	201908 320-53800-47000	*
8/31/19  1LA7 9K7E01MAIN2T0-1 95 0P8ON3D2S0-A53UG8 01 09-47000	*
8/31/19  1L7A9K7 E01MAIN2T0-149 0P8ON32DS0-A5U3G80190-47000	*
8/31/19   1L7K9MN7 0T1 -DOW2D0E1N9 0S8HA3R2E0-D5A3U8G0 01-9 47000	*
8/31/19  1L7KMN97 0T1 -DOW2D0E1N9 0C8OL3O2N0-A5U3G8 01 90-47000	*
8/31/19  1L7K9M7N0T1-AC2l 0S1H9A0R8 E3D2A0 U-G5 319800-47000	* LKMNT-ACl  COLONIAL  AUG19	APPLIED  AQUATIC  MANAGMENT , INC .

285 .00 
355.00
27 .50
27.50
25 . 00
25 .00
- - - - - - - - - -

74 5.00 001788 

9/26/19 00043

9/26/19 00009 

9/11/19  10755955 201909 320-53800-46800 

-	- -

PEST CONTROL SEP19	ARROW ENVIRONMENTAL SERVICES 9/17/19  IS-E9C/U1R7-IT2 Y2P0A1T9R0O8L3280/-125-3 8 /0 03-0 47600

*	50 .00

- -

-	- - - - - - -
*	920 .00

50 .00 001789 

9/26/19 00069 

9/26/19 00046 

9/26/19 00025

- - - - - -  - - -  - - -	-	- -C-ITY  OF  ORLANDO 9/01/19 1 5 7 0	201909 320 -5 3800-47600 

SECURITY  PATROL  SEP19

QRT  FOUNTAIN  MAINT  SEP19

COMMUNITY WATCH SOLUTIONS , LLC 9/11/19 19062A	20 1 909 3 20-538 0 0 -46900
FOUNTAIN DESIGN GROUP , INC .

CONVEYANCE  DOCS/MTG/AGNDA

9/20/19 87567	2 0 1 9 0 8 3 10- 5 1 3 0 0 -31500 
LATHAM, SHUKER, EDEN & BEAUDINE LLP RAND RANDAL PARK	KCOSTA

- - - - - - - - - -	9-20-. 0-0  001790 

- -

*	1, 544 . 00

-

- - - - - - - - - - -1-,544 -.0 -0  001791

-	-

*	175 .00
-	- - - - - -	- - -1-75-. 0 -0  001792
*	1,161 .00
1,161 .00 001793

BANK A RANDAL PARK CDD

AP***30C0RHECK  DATES  09/23/2019  -  10/11/20 1Y9EA*R*-*TO-DATERANACDCALOUNPTARS  PKACYADBDLE  PREPAID/COMPUTER  CHECK  REGISTER	RUN  10/11/19	PAGE	2

CHDAETCEK    VEND#	• • D• A• T• EINVOIINCVEO• I• C. E. •   • Y• R. EMXOPEDNPSETDATCOCT#. . . SUB    SUBCLASS  VENDOR  NAME

STATUS

AMOUNT

AM• • O• U• NCTHECK . • #. . •.

9/26/19 00049

8/19 /19  3G2A3T4E47REPA2 I0R1 9 70 7/031 2-07-/51 36800-46000
8/19/19  3O2V3E4R4C7HARG2E0D19 H0O7UR3S20-53800-46000

SYNERGY FL

8/22/19  3G2A3T7E52REPA2 I0R1S90 8 /3029 -0-058 3/ 28 200-46000

*
.,,
*

545 .00 
365 . 00-
855 .00

1,035.00 001794

9/26/19 00026 

9/18/19  0E2N9G7 3S8RV6

C2S0/M1T9G08P�3 E1P0-A5U1G30190-3 1100	*
VANASSE HANGEN BRUSTLIN , INC

565 .47 

565 .4 7 001795

9/26/19 00066

10/03/19 00104

10 /03/19 00069

10/03/19 00079

10/03 /19 00001

10/03 /19 00038

9/15/19 ON 52874 201909 320-53800-52000

-

A-&S  HOME  SOLUTIONS  GROUP

- - - - R-EP-A-IR-SO-D-/IN-ST-AL-L--PARlC-2 - -YE-LLOWSTONE  LANDSCAPE-SOUTHEAST,LLC 9/23/19  0B9R2I3D2G0E19RE2P0A1I9R09EX3P2 0. -A5D3D80. 0-46000 
- - - - - - - - - - - - - - - - - -
9/30/19   1S5E7C5URITY2P0A1T9R0 O7L3J2U0L- 51 39800-47600

-		DISCLOSURE  SERVICES  LLC-   -	-

- - - -  -  - - - - -  - - - - -  - - -CO-MMUNITY  WATCH  SOLUTIONS ,  LLC 9/25/19  3AMORT  SCH2-0S1E9R1 0IES3 120-01551300-49000
- -  -  - - -  - -  - - -	-	- - -

-	-GO-VERNMENTAL  MANAGEMENT  SERVICES

9/23/19  4P7O1OL  ATTE2N0D1A9N0T9  S3E2P0-159 3800-12200
- -  - -  - - -	- - - - - - - - -
9/18/19 342779	201910 320-53800-46400
9/19/19  3M4 N2T8R4L0Y  CH2E0M1 9C0O9NT3R2O0L-53OC8T001-9 463 00

*	912 .48

-

- - - - - - - - -	- -9-12-.4 -8  001796

-	- -

*	4, 650 .00
- - - -	- - - -	4-, 65-0-.0-0  001797
*	2, 096. 00
2,096 . 00 001798 
*	50 .00
50 . 00 00 1799
*	1, 200 .0 0
1, 200 .00 001800
*	750 . 00
*	159 .95

-   - - - JUM-BO-

S-TI-CK-S-50-LB- - - - - -SP-IES  POOL,   LLC

909 .95 001801 

10/03/19 00066

9/15 /19  ON-

53397 201909 320-53800-46200

*	17 ,342 .00

9/15/19  ONLA5N3D3SC9A7PE20M1A9 0IN9 T3-S2E0P-1593800-4 6200	*
9/15/19  ONLAN5D3 3SC9A7 PE2-0C1O9L0O9N3IA2L0 --S5E3P8 01 90-46200	* LANDSCAPE-SHARED-SEP19	YELLOWSTONE LANDSCAPE-SOUTHEAST, LLC
RAND RANDAL PARK	KCOSTA

3, 100 .00
3,100 .00

23,542 .00 001802 

BANK A RANDAL PARK CDD

A* P* *30C0HRECK  DATES  09/23/2019  -  10/11/20 1Y9EA*R*-*TO-DATERANACCDOALUNTPARS  PKAYCAOBDLE  PREPAID/COMPUTER  CHECK  REGISTER	RUN  10/11/19	PAGE	3

CHDAECTKE    VEND#	• • D• A• T. EINVOIINCVEO• I• C• E••   . Y. R• EMOXPENDPSTEDATOCCT.#.. SUB    SUBCLASS  VENDOR  NAME 10/08/19  00031		9/30/19  1LAKE8035 2MAIN2 T0 1-95 0P9O3N2D0S-SE3P8 01 09 -47000
9/30/19   1L8K0MN3 5T2 -DOW2D0E1N9 0 S9HA3R2E0D--5S3E8P001 9-47000 

LKMNT-DOWDEN  COLON-SEP1 9

9/30/19 180352	2 0 1 9 0 9 320-5380 0-47000 

L

9/30/19 180352	201909 320-53800-47000

9/30/19 18	2	0 -47000

KMNT-ACl  SHARED-SEP19 
LK0M3N5T2-ACl 0C1O9L0O9NI3A2L0-SE3P8 01 9 9/30/19 180352	20 1909 320-53800-47000 
LAKE  MAINT-4  PONDS-SEP19	APPLIED  AQUATIC  MANAGMENT , INC , 10/08/ 19  00002	10/01/19  6-DE7L54IVE-3R6 IE2S01 9 /29 53/ 1109-5 1300-42000 

FEDEX

STATUS
*
*
...
*
*
*

*
*

AMOUNT 285.00
27. 50 
27 . 50
25. 00 
25 . 00
355 .00
- - - - - - - - - -
73 . 15

- -

- - - - - - - - - -

A• M. O• U• CNHTECK • • #. . ,

745 .00 001803

73 . 15 001804 

FREEMOTION FITNESS

10/08/19  00070	7/26/19  QT-R1E1A8 D5M0 ILL2 0D1E9P1O0SI3T20 -5 05%3800-47700

1,953 .00
*	- - - - - - - -	-1-, 9 5-3-. 0 -0  001805

- - -	-	ROBERTS POOL SERVICE AND REPAIR INC

10/08/19  00039	10/01/19  5F5O0U8NTAIN2M0A1 I9N1T0  O3C2 T0-1953 800-46900
- - -  - -	-  - -  -  - - - - -	- - - - - - - - - -

100. 00

-

*	- - - - - - - - - - - -1-00-.0-0   001806 

SYNERGY FL

10/08/19  00049	10/01/19   1 S2E4C8U9 4RITY2M0O1N9 I0T9OR3I2N0G-5 S3E8P0 01-9 34500

-	- -
*

35 .00
- - - - - -

35.00 001807

10/08/19 00089 

9/30/19 19-151-1 201909 320-53800-52000 
30X30 SHADE STRUCTURES	THINK SHADE LLC

475 . 00

475.00 001808 

VALVE  REPLACEMENT

10/08/19 00066	9/30/19 ON 562 3 9 2 0 1 9 0 9 320-53800 -46500 
10/01/19 ON 57639 201910 320-53800-46200 LANDSCAPE MAINT-OCT19
10/01/19  OLNAN5D7S6C3A9PE2 -0C1 O9L1O0NI3A2L0-O5C3T8 0190-46200 

*	334 .35 
*	17 , 342 .00
*	3,100 .00
*	3,100 . 00

10/01/19  OLNAN5 D7 S6C3 AP9  2E-0S1H9A1RE0  D3-2O0C-T5 319800-46200

- - - - - - - - - - - - - - - -  - - - - - - - - - - -YE-LLOWSTONE  LANDSCAPE-SOUTHEAST, LLC	*
10/10/19  00001	10/01/19  4MA72NAGEMEN2T0 1F9E1E0S3O1C0T-51 91300-34000 
RAND RANDAL PARK	KCOSTA

3, 381.25 

23 , 876.35 001809 

A*P*3* 0C0RHECK  DATES  09/23/2019  -  10/11/20 1Y9EA*R-*TO-DATERANACDCAOUNL  PTASRPKAYCAODBLE  PREPAID/COMPUTER  CHECK  REGISTER	RUN  10/11/19

PAGE	4

*	BANK A RANDAL PARK CDD

CDHAECTKE

VEND#	. • D• A• T. EINVOINEVO• I•C.E• •   • Y• R• MEOXPENDPSTEDACTCOT. #. . SUB    SUBCLASS  VENDOR  NAME	STATUS

AMOUNT

AM• • O• U• NCTHECK • • #• • .

TECHNOLOGY  FEES  OCT19

10/01/19  472	201910  310-5 1300-35100

DISSEMINATION  SRVC  OCT19

10/0 1/19 4 7 2	201 9 10 310-5 13 0 0 -31300

OFFICE  SUPPLIES

10/01/19 472	2 0 1 9 1 0 310-51300-51000
10 / 01/19 472	201910 310-51300-42000

*	83 .33
*	875 .00
*	.27 
*	4.50

POSTAGE 10/01/19 472 
10/01/19  4C7O3P:IES

201910 310-51300-42500
201910 320-53800-12000

*	419. 85
*	1,449 . 17

10/0 1/ 19  4F7I4ELD  MGMN2 0T1 9F1E0ES3 2O0 -CT5 319800-12100	*
AMENITY CENTER MGNT OCT19	GOVERNMENTAL MANAGEMENT SERVICES
TOTAL FOR BANK A TOTAL FOR REGISTER

6, 240.08

174, 505 . 09
174 ,505.09

12 ,453 .45 001810 

RAND RANDAL PARK	KCOSTA

.	.
SECTION 2

•	•	•	•	•	•	•	•	•	•	•	•

Randal Park
Commun ity Development District

U naudited Financia l Reporting September 30, 2019

•	•	•	•	•	•	•	•	•	•	•	•	•	•	•

Table of Contents

1	Balance Sheet

2-3	General Fund

Capital Reserve Fund

Debt Service Fund - Series 2012

Debt Service Fund - Series 2015

Debt Service Fund - Series 2018

Capital Projects Fund - Series 2015

Capital Projects Fund - Series 2018

10-11	Month to Month

lZ	Long - Term Debt

Construction Schedule - Series 2015

Construction Schedule - Series 2018

Assessment Receipt Schedule

RANDAL PARK
COMMUN ITY DEVELOPMENT DI STRI CT
COMBINED BALANCE SHEET
For The Period Ending September 30, 2019
Ggver□mental Fyog	Totals

Assets	General	Capita l Reserves	Debt Service	Capital Projects	2019	
Cash	$234,250				$234,250	
Cash - Debit Card Investments
Custody Account	$2,479	
$284,728			$2,479

$284,728	
Bond Series - 2012
Reserve			
$401,031		
$401,031	
Revenue			$327,374		$327,374	
Interest					$44	
Principal			$12		$12	
Prepayment Bond Series - 2015
Reserve			$1

$596,080		$1

$596,080	
Revenue			$444,969			
Interest			$0		$0	
Construction Bond Series - 2018
Reserve			
$58,837	$433	$433

$58,837	
Cap Interest Construction
Cost of Issuance			$46,056	
$7	$46,056	
Due from Colonial Properties	$7,756					
Prepaid Expenses	$39,650				$39,650	
Tota I Assets	$284,135	$284,728	$1,874,406	$487	$2,443,756	
liabilities						
Accounts Payable	$34,620				$34,620	
Fund Equity						
Fund Balances
Unassigned Fund Balance	
$209,865	
$284,728			
$494,593	
Restricted for Debt Service - 2012			$728,463		$728,463	
Restricted for Debt Service - 2015			$1,041,049		$1,041,049	
Restricted for Debt Service - 2018			$104,893		$104,893	
Restricted for Capital Projects - 2015					$433	
Restricted for Capital Projects - 2018				$54	$54	
otal Liabilities & Fund Equity	$284,135	$284,728	$1,874,406	$487	$2,443,756	

(memorandum only)

$433

RANDAL PARK
COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND
Statement of Revenues & Expenditures

$459

$39,393

For The Period Ending September 30, 2019

	Adopted	Prorated Budget	Actual		
	Budget	Thru 09/30/19	Thru 09/30/19	Variance	
�					
Assessments -Tax Collector	$796,630	$796,630	$815,611	$18,981	
Colonia I Properties Contributions	$54,176	$54,176	$49,414	($4,762)	
Shade ProjectContributions	$0	$0	$36,100	$36,100	
Miscellaneous Revenue	$1,000	$1,000	$7,663	$6,663	
Miscellaneous Revenue - Activities	$7,000	$7,000	$5,288	($1,712)	
Rentals	$7,000	$7,000	$13,250	$6,250	
Total Revenues	$865,806	$865,806	$927,326	$61,520	
Expenditures:					
Admlnistrotfve					
Supervisor Fees	$6,000	$6,000	$6,200	($200)	
FI CA Expense	$459		$474	($15)	
Annual Audit	$4,000	$4,000	$4,000	$0	
Trustee Fees	$8,000	$8,000	$8,000		
Dissemination Agent	$7,000	$7,000	$9,625	($2,625)	
Arbitrage	$1,200	$1,200	$600	$600	
Engineering	$10,000	$10,000	$4,619	$5,381	
Attorney	$20,000	$20,000	$11,266	$8,734	
Assessment Administration	$5,000	$5,000	$5,000	$0	
Management Fees	$39,393		$39,393		
Information Technology	$1,000	$1,000	$1,000	$0	
Telephone	$100	$100	$48	$52	
Postage	$1,500	$1,500	$1,240	$260	
Insurance	$5,500	$5,500	$4,928	$572	
Printing & Binding	$1,500	$1,500	$2,098	($598)	
Legal Advertising	$2,500	$2,500	$10,967	($8,467)	
Other current Charges	$350	$350	$254		
Office Supplies	$200	$200	$111	$89	
Property Appraiser	$800	$800		$3	
Property Taxes	$250	$250	$241	$9	
Dues, Ucenses & Subscriptions	$175			$0	
TotalAdministrative	$114,927	$114,927	$111,034	$3,893	

$175

$175

2

RANDAL PARK
COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND
Statement of Revenues & Expenditures

$389

$574

$574

For The Period Ending September 30, 2019

	Adopted
Budget	Prorated Budget
Thru 09/30/19	Actual
Thru 09/30/19	
Variance	
Mqlntenance					
Contract Services					
Field Management	$16,883	$16,883	$16,883	($0)	
Facilities Management	$72,700	$72,700	$72,700	$0	
Pool Attendants	$18,000	$18,000		$4,063	
Landscape Maintenance	$282,504	$282,504	$282,504	$0	
Wetland Maintenance	$9,600	$9,600	$0	$9,600	
Mitigation Monitoring	$2,500	$2,500	$0	$2,500	
Janitoria l Services	$21,000	$21,000	$18,310	$2,690	
Pool Maintenanee	$15,330	$15,330	$14,941		
Lake Maintenance	$8,940	$8,940	$8,940	$0	
Pest Control	$1,100	$1,100	$1,100	$0	
HVAC Maintenance				$574	
Security Patrol	$30,000	$30,000	$28,488	$1,512	
Repairs&Maintenance Faclltiies Maintenance	
$29,120	
$29,120	
$21,508	
$7,613	
Repairs & Maintenance	$15,000	$15,000	$11,200	$3,800	
Operating Supplies	$5,000	$5,000	$7,224	($2,224)	
Landscape Replacement	$10,000	$10,000	$5,633	$4,368	
Pool Repairs & Maintenance	$5,000	$5,000	$6,644	($1,644)	
Irrigations Repairs	$8,000	$8,000	$10,615	($2,615)	
Alley Maintenance	$1,500	$1,500	$1,160	$340	
Stormwater Repairs & Maintenance	$1,500	$1,500	$0	$1,500	
Fountain Maintenance	$3,500	$3,500	$1,900	$1,600	
Fitness Repairs & Maintenance	$2,000	$2,000	$3,849	($1,849)	
Signs	$1,000	$1,000	$246	$754	
Pressure Washing	$10,000	$10,000	$8,000	$2,000	
J.!lill1ln
Utilities - Common Area	
$30,000	
$30,000	
$25,206	
$4,794	
Utilities -Amenity Center	$22,000	$22,000	$20,518	$1,482	
Refuse Service	$2,400	$2,400	$2,466	($66)	
Streetlightlng	$98,769	$98,769	$107,089	($8,320)	
Amenity Center Property Insura nee	
$31,000	
$31,000	
$28,372	
$2,628	
Pool Permit	$550	$550	$505		
Cable TV/I ntemet/Telephone	$4,000	$4,000		$745	
Recreation CenterAccess Cards	$1,000	$1,000	$0	$1,000	
Special Events	$15,000	$1S,OOO	$12,485	$2,515	
Holiday Decorations	$4,000	$4,000	$4,009		
Security Monitoring	$600	$600	$420	$180	
Contingency	$10,000	$10,000	$16,SOS	($6,505)	
Shade Project Expenses	$0	$0	$50,862	($50,862)	
Capital Reserve	$32,450	$32,450	$80,000		
TotDI Maintenance	$822,520	$822,520	$887,474	($64,954)	
Total Expencfrtu res	$937,447	$937,447	$998,509	($61,062)	
Excess Revenues {Expenditures)	($71,641)		($71,183)		
Fund Balance - Beginning	$71,641		$320,698		
Fund Balance - Ending	$0		$249,515		

$3,255

3

RANDAL PARK
COMMUNITY DEVELOPMENT DISTRICT
CAPITAL RESERVE FUND
Statement of Revenues & Expenditures For The Period Ending September 30, 2019

Revenues;
Transfer In Interest

Total Revenues

Expenditures:

capital Outlay Reserve Study

Total Expenditures

Excess Revenues (Expenditures) Fund Balance • Beginning
Fund Balance - Ending

Adopted Budget

$32,450
So
$32,450

$17,340
$0

$17,340

$15,110

$229,626

$244,736

4

Prorated Budget Thru 09/30/19

$32,450

$17,340
$0

$17,340

Actual Thru 09/30/19

$80,000
$5,115

$85,115

$0
$0

$0

$85,115

$199,613

$284,728

Variance

$47,550
$5,115

$52,665

$17,340
$0

$17,340

RANDAL PARK COMMUNITY DEVELOPMENT DISTRICT
DEBT SERVICE FUND -SERIES 2012
Statement of Revenues & Expenditures For The Period Ending September 30, 2019

	Adopted Bud et	Prorated Budget Thru 09/30/19	Actual Thru 09/30/19	
Variance	

Assessments - Tax Collector	
$397,350	
$397,350	
$406,B17	
$9,467	
Interest	$0	$0	$14,938	$14,938	
Total Revenues	$397,350	$397,350	$421,755	$24,405	

Expenditures:					
Principal Payment - 11/01	$85,000	$85,000	$85,000	$0	
Interest Payment - 11/01	$155,194	$155,194	$155,194	$0	
Interest Payment - 05/01	$152,750	$152,750	$152,750	$0	
Total Expenditures		$392,944	$392,944	$0	
Excess Revenues (Expenditures)			$28,812		
Fund Balance • Beginning	$297,417		$699,651		
Fund Balance • Ending	$301,823		$728,463		

5

RANDAL PARK COMMUNITY DEVELOPMENT DISTRICT
DEBT SERVICE FUND · SERIES 2015

$35,647

Statement of Revenues & Expenditures For The Period Ending September 30, 2019

	Adopted
Budget	Prorated Budget
Thru 09/30/19	Actual
Thru 09/30/19	
Variance	

Assessments - Tax Collector	
$596,080	
$596,080	
$610,283	
$14,203	
Interest	$0	$0	$21,444	$21,444	
Total Revenues	$596,080	$596,080	$631,727		

Expenditures;					
Principal Payment - 11/01	$155,000	$155,000	$15S,OOO	$0	
Interest Payment - 11/01	$217,746	$217,746	$217,746	($0)	
Special Call Principal Payment • 11/01	$0	$0	$20,000	($20,000)	
Special Call Principal Payment - 02/01	$0	$0	$20,000	($20,000)	
Special call Interest Payment - 02/01	$0	$0	$213	($213)	
Interest Payment - 05/01	$214,453	$214,453	$213,603	$851	
Special can Principal Payment - 08/01	$0	$0		($5,000)	
Special Call Interest Payment - 08/01	$0	$0	$53	($53)	
Transfer Out	$0	$0	$0	$0	
Total Expenditures	$587,199	$587,199	$631,614	($44,415)	
Excess Revenues (Expenditures)	$8,881		$112		
Fund Balance - Beginning	$438,631		$1,040,937		
Fund Balance - Ending	$447,512		$1,041,049		

6

RANDAL PARK
COMMUNITY DEVELOPMENT DISTRICT

DEBT SERVICE FUND - SERIES 2018
Statement of Revenues & Expenditures For The Period Ending September 30, 2019

	Adopted
Budget	Prorated Budget
Thru 09/30/19		Actual
Thru 09/30/19	
Variance	
Revenues;						
Bond Proceeds	$0		$0	$135,841	$135,841	
Interest	$0		$0	$1,914	$1,914	
Total Revenues	$0		$0	$137,755	$137,755	

Expenditures;						
Principal Payment - 11/01			$0	$0	$0	
Interest Payment - 11/01	$0		$0	$0	$0	
Interest Payment - 05/01	$0		$0	$32,B62		
Total Expenditures	$0		$0	$32,862		
Excess Revenues (Expenditures)	$0			$104,893		
Fund Balance - Beginning	$438,631			$0		
Fund Balance - Ending	$438,631			$104,893		

7

RANDAL PARK
COMMUNITY DEVELOPMENT DISTRICT
CAPITAL PROJECTS FUND - SERIES 2015
Statement of Revenues &  Expenditures For The Period Ending September 30, 2019

Adopted Budget

Prorated Budget Thru 09/30/19

Actual Thru 09/30/19

Variance

Revenues:

Interest

Total Revenues

Expenditures:

capital Outlay

Total Expenditures

Excess Revenues (Expenditures) Fund Balance - Beginning
Fund Balance - Ending

$0	$0
$0	$0

$0	$0
$0	$0
$0
$0
$0

8

$9	$9
$9	$9

$0	$0
$0	$0

$9

$423

$433

$54

RANDAL PARK
COMMUNITY DEVELOPMENT DISTRICT
CAPITAL PROJ ECTS FUND -SERIES 2018
Statement of Revenues & Expenditures For The Period Ending September 30, 2019

	Adopted Budget		Prorated Budget Thru 09/30/19		Actual Thru 09/30/19	
Variance	
Revenues;							
Bond Proceeds		$0		$0	$1,634,159	$1,634,159	
Interest		$0		$0	$1,409	$1,409	
Total Revenues		$0		$0	$1,635,568	$1,635,568	
Exgenditures:							
Capital Outlay - COi		$0			$240,750	($240,750)	
Capital Outlay		$0		$0	$1,394,763	($1,394,763)	
Total Expenditures		$0		$0	$1,635,513	($1,635,513)	
Excess Revenues (Expenditures)		$0					
Fund Balance - Beginning		$0			$0		
Fund Balance - Ending		$0					

9

Randal Park
Community Development District

Oct	Nov	Dec	Jan	M;;m:h	Ma-,	June	seet	TOII_I_	

$0		
S707,322	
S14,558	$30,11	
7	ss.an	$5,470	
$3,457	S9,757	
S2.351	
$81	

Special Assessments • Tax Collector
Colonial Properties Contribution	$3,763

$0	$10,615	$4,021

$3,916

S3,903	$3,852

5,611

$3,966

Shade Project Contribution	$5,725	$20,325	$10,050

$0	$0

$0	S36,100

Miscellaneous Revenue

$10

$0	$1,495	$241	$170	$307	$US	S195

Miscellaneous Revenue - Activities
Aentals	$1,000	Sl.SOO

$0	SS,288
Sl,250	(S250)

$0	$0

$0	$0
S750

$5,288
Sl3.250

Total Reverues	I	s10.m	$38,334	$722,356	$21,096
Expenditures:

$'9,.!72	$13,085	$11,294	$8,180	$14,606	$7,700	SS,2l8	S927,.!26 I

AdmtnhtratJve
SuperviSOB Fees	$200
FICA Expense
Annual Audit	$0
Trustee Fees	$0

$1,200

$0

$46	$0

$875

$0

$0
$4,500

$61

$600

$61

$46
$0
$0	$0

$4,000
$8,000

Arbitrage Engineerirg	$0	$0	$0	
Attorney
AssessmentAdministration		$2,222	$527	
Management Fees	$3,283	$3,283	$3,283	
Information Technology	$83			
Telephone Pmtage	
$9	$41
$20	
$72	
Insurance		$0		
Printing & Binding		$143		

Clssemination Agent	$583	$583

$875	$875
$0	$0	$0
$0	$1,010

$600
$0

S875
$0
$0

$72

$0	$1,549

$73D	$867	$1,068

$0	$11,266

$0	$0	$0	$0	$0	$0	$5,000

$83

$83

$3,283	$3,283

S7

$4,928

$Ul

$83

$297

$13	$26

$3,283	$3,283

$10

$3,283	$39,393
$83	$1,000

Legal Advertising

$0	$0
$105	$113
$0

$0	$0	$0
S249	$2,098
S2,878

Other Current Charges Office Supplies

$0	$100
$1

$0	$0
$1	$1	$1

Property Appraiser	S797

$0	$0

$797

Property                Taxes Cues, Licenses, & Subscriptions

$241
$0	$0

$0

$11,197

$0	$0

$0	$0	$241
$0

TotalAdmlnlsrrot/lJe	I	$19,513	Sl0,724	 	$7,823	

 	$4,533	Sll,088

$111,0341

10 

Mqlntencrnce

ConttactSef'tlkes

Randal Park
Community Development District

Oct	Nov	Oec	Jan	Feb	March	AprlJ	Mav	June	Juiv	Aug	"'P'	Tot.ttl

$1,407

Ffcld Management	$1,407	$1,407	$1,407	$1,407	$1,407

$1,407	$1,407

$16,883

Facilities Management	$6,058	$6,058	$6,058	$6,058	$6,058	$6,058	$6,058	$6,058	$6,058	$6,058	$6,058	$6,058	$72,700
Pool Attendants	$880	$1,870	$416	so	$502	$910	$1,090	$2,612	$2,080	$2,208	$170	$1,200

Landscape Maintenance	$23,542	$23,542

$23,542	$23,542	$23,542	$23,542	$23,542

$23,542	$23,542	$23,542	$282,504

Wetland Maintenance	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Mitigation Monitoring	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
J.inltorial Services	$1,625	$1,625	$1,500	$1,750	$1,500	$1,625	$1,625	$1,625	$1,875	$990	$945	$18,310
Pool Maintenanee	$1,200	$1,200	$1,200	$1,200	$1,200	$1,200	$1,200	$1,200	$1,510	$1,277	$1,277	$1,277	$14,941

$50

$50

$50

Lake Maintenance

$745

$745	$745	$745

$745	$745	$745

$8,940

$50

Pest Control	$550

$SO	$50	$50	$SO	$50	$SO

sso	$1,100

HVACMaintenance	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0

Security Patrol

Repairs & Maintenance

S2,312	$2,568	$2,568	$2,184	$2,184	$2,184	$2,864	S2,440

$3,360	$1,544	$28,488

$2,100

$135

Facilities Maintenance	$2,065	$3,325	$2,170	$2,170	$2,380

$1,610	$1,628	$1,890	$2,170	$0

$21,508

Repairs & Maintenance

$0	$527

$80	$648	so	$600	so	S3,630

$4,650	SU,200

Operating Supplies	$569	$0	$260	$0

$823	$BBS	$1,523	S713

$406	so	$7,224

$6,644

Landscape Replacement	$219	$349	so	$0	$0	$0	so	$0	$5,065	so	so	$5,633
Pool Repairs & Maintenance	$2,386	so	$208	$203	so	S224	$0	$211	Sl,891	$952	$410	S160

Irrigation Repain;	$1,617	$1,617	$0	$3,930	so	$0

$3,116	$0	$0	so	$334	$10,615

Alley Maintenance	$0	$0	$0	$0	$0

so	$1,160

$0	so	$0	$1,160

$275

$275

Stormwater Repairs & Maintenance	so	so	$0	so	so	so	so	$0	so	$0	so	so	$0

$135

Fountain Maintenance	$100	$100

$100	$100	$275	$100	$100

$100	$100

Fitness Repairs & Maintenance	$0

$2,274	$405

$218

$0	$175	$0

Signs

$0	$0	$0	$0	so	$0

$69	$0	so	$0	$246

Pressure Washing	$0	$8,000	$0	$0	$0	$0	$0	$0	$0	so	$0	$0	$8,000

Utlllttes
Utilities - Common Area

$2,378	$4,146	$0	$2,357	$1,935	$1,967	$1,902	$2,011	$2,007	$2,383	$2,146	$1,974	$25,206

$1,772

$1,574

Utilities - Amenity C.enter	$1,912	$3,330	$0

$1,882

$1,561	$1,631	$1,697	$1,756	$1,633	$1,769	$20,518

$8,379

Refuse Service	$186	$373	$0	$373	$186	$186	$186	$186	$186	$186	$186	$230	$2,466

Streetlighting	$7,310	$16,006	$0	$16,679	$8,379

M'IMlty Center

$8,379	$8,379

$8,379

$107,089

Property Insurance	$28,372	so	$0	$0	$0	$0	$0	$0	$0	so	$0	$0	$28,372

Poof Pennit	$0	$0	$0

$0	$0	so

$0	$0	$505

Cable TV/Internet/Telephone	$270	$270	$270	$270	$270	$270	$272	$272
Reaeation CenterAccess Cards	$0	$0	so	$0	$0	so	$0	$0

$272	$272	$272	$3,255
$0	so	$0	so

SJ)@cial Events	$0	$112	$5,711	$46

$79	$2,054	5266	$82	$84

$0	$12,485

Holiday Decorations	$4,009	$0	$0	so	so	$0	$0	so	$0	$0	$0	$0	$4,009

Security Monitoring	$35

$35	$35

$35

$35	$420

$0	$216

$10,324	$289	$237	$565

$2,341	$801	$0	$16,505

s� ProJect ExpensH	$0	$24,065	so	$0	so	$0	$14,439	$0	$10,971	$0	$0	51,387	$5D,862
Qlpital Reserve	$0	$0	$0	$0	$0	so	so	$0	so	so	$0	$80,000	$80,000

Total Malnttnance	I	$89,756	$101,120

$76,118	$56,931	$54,527	$70,614	$62,591	$68,149	$68,107

S136,23S	$881,4141

Total ExpendihxH	I	$109,269	$111,844	$57,595	$84,106

$65,724	$81,702	$69,196

$60,243	$142,386	$998.5091 

Exc:ass Reverw.ies IExpendlturesJ	I	($98,6861	1$73,5111	$664,762	($63,0101	($15,9811	1$36,3521

($57,9021	1$69,6961	($62,4981	($52,5431	($137,148)	(571,1831)

11 

RANDAL PARK
COMMUNITY DEVELOPMENT DISTRICT
Long Term Debt Report

Serles 2012 Special Assessment Bonds

Interest Rate :	
Various	
	(5.75% , 6.125% , 6.875%)	
Maturity Date :	11/1/2042	
Maximum Annual Debt Service :	$397,203	
Reserve Fund Requirement :	$397,203	
Reserve Fund Balance :	$401,031	
Bonds Outsta nding • 09/30/2013	$5,115,000	
Less : November 1, 2013 (Ma ndatory)	($65,000)	
Less : November 1, 2014 [Mandatory)	($70,000)	
Less : November 1, 2015 (Mandatory)	($70,000)	
Less : November 1, 2016 (Ma ndatory)	($75,000)	
Less : November 1, 2017 (Mandatory)	($80,000)	
Less : November 1, 2018 (Mandatory)	($85,000)	
Current Bonds Outstanding	$4.670.000	
Serles 2015 Special Assessment Bonds		
Interest Rate :	Various (4.25% , 5% , 5.2%)	
Maturity Date :	11/1/2045	
Maximum Annual Debt Service :	$596,080	
Reserve Fund Requirement :	$596,080	
Reserve Fund Balance :	$596,080	
Bonds Outsta nding • 03/18/2015	$9,055,000	
less : November l, 2016 (Mandatory)	($145,000)	
Less : November 1, 2017 (Mandatory)	($150,000)	
Less : February 1, 2018 [Special Call)	($15,000)	
Less : November 1, 2018 (Ma ndatory)	($155,000)	
Less : November 1, 2018 (Special Call)	($20,000)	
Less : February 1, 2019 (Special Call)	($20,000)	
Less : Au�ust 1, 2019 (Soecial Call)	($5,000)	
Current Bonds Outstanding	$8,545.000	
		
Series 2018 Special Assessment Bonds		
Interest Rate :	Various (4.100% , 4.500% , 5.050%, 5.200%)	
Maturity Date :	11/1/2049	
Maximum Annual Debt Service :	$117,674	
Reserve Fund Requirement :	$58,837	
Reserve Fund Balance	$58,837	
Bonds Outstanding • 12/17/2018	$1,770,000	
Current Bonds Outstanding	$1 770 000	

12 

RANDAL PARK
COMMUNITY DEVELOPMENT DISTRICT
SPECIAL ASSESSMENT REVENUE BON DS, SERIES 2015

Date	Requisition # Fiscal Year 2019

Contractor	Description

Requisition

Fiscal Year 2019 10/1/18
11/1/18
12/1/18
1/1/19
2/1/19
3/1/19

5/1/19
6/1/19

8/1/19

Interest Interest Interest Interest Interest Interest Interest Interest Interest Interest Interest Interest

TOTAL

TOTAL

Acquisition/Construction Fund at 10/1/18 Interest Earned thru 09/30/19 Requisitions Paid thru 09/30/19

Remaining Acquisition/Construction Fund

13 

$0.00

$0.64

$0.74

$0.81
$0.82
$0.79
$0.82

$0.73

$423.49
$9.22
$0.00

$432.71

RANDAL PARK
COMMUNITY DEVELOPMENT DISTRICT
SPECIAL ASSESSMENT REVENUE BON DS, SERIES 2018

Date Fiscal Year 2019

Requisition #

1
2

Mattamy Homes Matta my Homes

Contractor

Description

Reimburse Construction Costs Reimburse Construction Costs

Requisition

$1,356,622.93
$38,140.52

TOTAL	$1,394,763.45	

Fiscal Year 2019			
1/1/19	Interest	$834.13	
2/1/19	Interest	$37.40	
3/1/19	Interest	$33.75	
4/1/19	Interest	$37.63	
5/1/19	Interest	$36.81	
6/1/19	I nterest	$37.43	
7/1/19	Interest	$35.95	
8/1/19	Interest	$37.08	
8/8/19	Transfer from Cost of Issua nce	$18,514.29	
9/1/19	I nterest	$47.10	
	TOTAL	$19,651.57	
	Acquisition/Construction Fund at 12/17/18	$1,375,158.98	
	Interest Earned thru 09/30/19	$19,651.57	
	Requisitions Paid thru 09/30/19	($1,394,763.45)	
	Remaining Acquisition/Construction Fund	$47.10	

14 

RANDAL PARK
COMMUNITYDEVELOPMENT DISTRICT
SPEOAL ASSESSMENT RECEIPTS • FY2019 TAX COLLECTOR
Gross Assessments  $   1,904,320  $	847,479    $	422,713  $	634,128
Net Assessments  $   1,790,061   $	796,630  $	397,350  $	596,080
2012	2015
Date	Gross Assessments Discounts/  Commission5	Interest	Net Amount	General Fund	Debt Svc Fund  Debt Svc Fund	Total
Received	Received	Penalties	Paid	Income	Received	44.50%	22.20'¼	33.30%
11/8/18	1	$	2,194.74  $	82.70  $	$	$	2,112.04  $	939.92  $	468.82   $	703.30  $	2,112.04
11/15/18	2	$	27,606.51   $   1,104.27  $	$	$    26,502.24   $	11,794.28  $	5,882.86   $	8,825.10  $   26,502.24
12/3/18	$	53,764.22  $  2,150.55  $	$	$   51,613.67  $	22,969.62 $	11,456.99  $   17,187.07  $  51,613.67
12/6/18	4	$	352,943.65  $ 14,117.64  $	$	$   338,826.01   $   150,787.65   $	75,211.18  $  112,827.18  $  338,826.01
12/13/18	5	$	184,567.01   $  7,382.64  $	$	538.06  $  177,722.43  $	79,091.76 $	39,450.08  $   59,180.58  $  177,722.43
12/20/18	6	$	1,063,770.35   $ 42,550.75  $	$	$ 1,021,219.60  $   454,473.07  $	226,686.06  $ 340,060.46  $ 1,021,219.60
1/10/19	7	$	34,075.48   $  1,363.01  $	$	$    32,712.47  $	14,558.02 $	7,261.38  $   10,893.07  $   32,712.47
2/14/19	8	$	71,113.13  $  2,822.27  $	617.20  $	$   67,673.66  $	30,116.79 $	15,021.92  $   22,534.95   $  67,673.66
3/14/19	9	$	44,843.13  $  1,241.59  $	$	3,262.18  $   46,863.72  $	20,855.75 $	10,402.61  $   15,605.36  $   46,863.72
4/11/19	10	$	20,149.48  $	201.50  $	$	$    19,947.98   $	8,877.44  $	4,427.97  $	6,642.57   $  19,947.98
5/9/19	11	$	12,290.30   $	$	$	$    12,290.30  $	5,469.SS  $	2,728.15  $	4,092.60   $   12,290.30
6/13/19	12	$	7,118.24   $	$	$	6S0.68  $	7,768.92  $	3,457.40  $	1,724.51  $	2,587.01  $	7,768.92
7/11/19	13	$	21,286.46 $	$	$	638.60  $   21,925.06  $	9,757.30  $	4,866.83  $	7,300.92  $  21,925.06
8/15/19	14	$	5,129.92  $	$	$	153.90  $	5,283.82 $	2,351.46  $	1,172.88  $	1,759.48  $	5,283.82
9/12/19	15	$	$	$	$	248.90  $	248.90   $	$	55.25   $	82.88  $	248.90
Totals	$	1,900,852.62   $ 73.016.92  $	617.20  s	5,492.32   $ 1,832,710.82   $ 815,610.79  $	406.8U 49   $  610,282.54  $ 1,832,710.82
% Collected:	102.38%

15 

SECTION 3

Randal Park Community Development District
135 W Central Blvd. Suite 320, Orlando Florida 32801
Memorandum

DATE:
TO: FROM:

October 18th, 2019
George Flint District Manager
William Viasalyers Field Services Manager

via email

RE:	Randal Park CDD Monthly Managers Report - October 18th, 2019
The following is a summary of activities related to the field operations of the Randal Park Community Development District.

Lakes:
Aquatic contractor continues to work on the lakes addressing any issues present.
Yellowstone continues with removing trash from the edge of the lakes during their weekly maintenance.
Landscaping:
Staff continues to meet with Yellowstone once a week to review landscaping and irrigation concerns.
Staff has been working with Yellowstone to review areas throughout the property to repair irrigation.
Pool landscaping project- Update complete
Annual Fakahatchee grass cut backs have been started
Annual mulching- Update

Other:

1

Bridge repair update
2. Treadmill replacement-Update

Should you have any questions please call me at 407-451-4047 Respectfully,
William Viasalyers

2