New Port -Tampa Bay Community Development District
12051 Corporate Boulevard Orlando, FL 32817
Phone 407-723-5900
www.newporttampabaycdd.com

The special meeting of the Board of Supervisors of New Port- Tampa Bay Community Development District will be held Monday, March 30, 2020 at 11:00 AM via conference call due to the COVID-19 Executive Orders 20-52 & 20-69. Attached to this Agenda is a copy of the Executive Orders
20-52 & 20-69. The following is the agenda for this meeting.

Call in number: 1-844-621-3956 (New) Passcode: 790 562 990 # (New)

BOARD OF SUPERVISORS’ MEETING AGENDA

Organizational Matters
Call to Order
Roll Call
Public Comment Period[for any members of the public desiring to speak on any proposition before the Board]

Discussion regarding Executive Orders 20-52 and 20-69

General Business Matters

Consideration of the February 20, 2020 Board of Supervisors’ Meeting Minutes
Public Hearing on Equalizing, Approving, Confirming, and Levying Special Assessments
Public Comments and Testimony
Board Comments
Consideration of Resolution 2020-09, Equalizing, Approving, Confirming, and Levying Special Assessments
Exhibit A – Engineer’s Report dated February 20, 2020
Exhibit B – Master Assessment Methodology dated February 26, 2020
Ratification/Consideration of Payment Authorization FY2020-26 – 2020-27
Ratification/Consideration of Westshore Marina District Phase 1 Master Infrastructure Improvements Payment Authorization Nos. 169-172
Ratification of Westshore Marina District Phase 2 Master Infrastructure Improvements Payment Authorization Nos. #74-77
Review of District Financial Position

Other Business

Staff Reports
District Counsel
District Engineer
District Manager
Audience Comments
Supervisors Requests

Adjournment

New Port -Tampa Bay Community Development District

Discussion regarding Executive Orders 20-52 and 20-69

STATE OF FLORIDA
OFFICE OF THE GOVERNOR EXECUTIVE ORDER NUMBER 20-52
(Emergency Management - COVID-19 Public Health Emergency)

WHEREAS, Novel Coronavirus Disease 2019 (COVID-19) is a severe acute respiratory illness that can spread among humans through respiratory transmission and presents with symptoms similar to those of influenza; and
WHEREAS, in late 2019, a new and significant outbreak of COVID-19 emerged in China;

and

WHEREAS, the World Health Organization previously declared COVID-19 a Public Health Emergency of International Concern; and
WHEREAS, in response to the recent COVID-19 outbreak in China, Iran, Italy, Japan and South Korea, the Centers for Disease Control and Prevention ("CDC") has deemed it necessary to prohibit or restrict non-essential travel to or from those countries; and
WHEREAS, on March 1, 2020, I issued Executive Order number 20-51 directing the Florida Department of Health to issue a Public Health Emergency; and
WHEREAS, on March 1, 2020, the State Surgeon General and State Health Officer declared a Public Health Emergency exists in the State of Florida as a result of COVID-19; and
WHEREAS, on March 7, 2020, I directed the Director of the Division of Emergency Management to activate the State Emergency Operations Center to Level 2 to provide coordination and response to the COVID-19 emergency; and
WHEREAS, as of March 9, 2020, eight counties in Florida have positive cases for COVID-19, and COVID-19 poses a risk to the entire state of Florida; and

WHEREAS, the CDC currently recommends community preparedness and everyday prevention measures be taken by all individuals and families in the United States, including voluntary home isolation when individuals are sick with respiratory symptoms, covering coughs and sneezes with a tissue and disposal of the tissue immediately thereafter, washing hands often with soap and water for at least 20 seconds, using of alcohol-based hand sanitizers with 60%-95% alcohol if soap and water are not readily available and routinely cleaning frequently touched surfaces and objects to increase community resilience and readiness for responding to an outbreak; and
WHEREAS, the CDC currently recommends mitigation measures for communities experiencing an outbreak including staying at home when sick, keeping away from others who are sick, limiting face-to-face contact with others as much as possible, consulting with your healthcare provider if individuals or members of a household are at high risk for COVID-19 complications , wearing a facemask if advised to do so by a healthcare provider or by a public health official, staying home when a household member is sick with respiratory disease symptoms if instructed to do so by public health officials or a health care provider; and
WHEREAS, as Governor, I am responsible for meeting the dangers presented to this state and its people by this emergency.
NOW, THEREFORE, I, RON DESANTIS, as Governor of Florida, by virtue of the authority vested in me by Article IV, Section (l)(a) of the Florida Constitution, Chapter 252, Florida Statutes, and all other applicable laws, promulgate the following Executive Order to take immediate effect:
Section I. Because of the foregoing conditions, I declare a state of emergency exists in the State of Florida.

Section 2. I designate the Director of the Division of Emergency Management ("Director") as the State Coordinating Officer for the duration of this emergency and direct him to execute the State's Comprehensive Emergency Management Plan and other response, recovery, and mitigation plans necessary to cope with the emergency. Additionally, I designate the State Health Officer and Surgeon General as a Deputy State Coordinating Officer and State Incident Commander.
Pursuant to section 252.36(1)(a), Florida Statutes, I delegate to the State Coordinating

Officer the authority to exercise those powers delineated in sections 252.36(5)-(10), Florida Statutes, which he shall exercise as needed to meet this emergency, subject to the limitations of section 252.33, Florida Statutes. In exercising the powers delegated by this Order, the State Coordinating Officer shall confer with the Governor to the fullest extent practicable. The State Coordinating Officer shall also have the authority to:
Seek direct assistance and enter into agreements with any and all agencies of the United States Government as may be needed to meet the emergency.
Designate additional Deputy State Coordinating Officers, as necessary.

Suspend the effect of any statute, rule, or order that would in any way prevent, hinder, or delay any mitigation, response, or recovery action necessary to cope with this emergency.
Enter orders as may be needed to implement any of the foregoing powers; however, the requirements of sections 252.46 and 120.54(4), Florida Statutes , do not apply to any such orders issued by the State Coordinating Officer; however, no such order shall remain in effect beyond the expiration of this Executive Order, to include any extension.
Section 3. I order the Adjutant General to activate the Florida National Guard, as needed, to deal with this emergency.

Section 4. I find that the special duties and responsibilities resting upon some State, regional, and local agencies and other governmental bodies in responding to the emergency may require them to suspend the application of the statutes, rules, ordinances, and orders they administer. Therefore, I issue the following authorizations:
Pursuant to section 252.36(1)(a), Florida Statutes, the Executive Office of the Governor may suspend all statutes and rules affecting budgeting to the extent necessary to provide budget authority for state agencies to cope with this emergency. The requirements of sections
252.46 and 120.54(4), Florida Statutes, do not apply to any such suspension issued by the Executive Office of the Governor; however, no such suspension shall remain in effect beyond the expiration of this Executive Order, to include any extension.
Each State agency may suspend the provisions of any regulatory statute prescribing the procedures for conduct of state business or the orders or rules of that agency, if strict compliance with the provisions of any such statute, order, or rule would in any way prevent, hinder, or delay necessary action in coping with the emergency. This includes, but is not limited to, the authority to suspend any and all statutes, rules, ordinances, or orders which affect leasing, printing, purchasing, travel, and the condition of employment and the compensation of employees. For the purposes of this Executive Order, "necessary action in coping with the emergency" means any emergency mitigation, response, or recovery action: (1) prescribed in the State Comprehensive Emergency Management Plan ("CEMP"); or (2) ordered by the State Coordinating Officer. The requirements of sections 252.46 and 120.54, Florida Statutes, shall not apply to any such suspension issued by a State agency; however, no such suspension shall remain in effect beyond the expiration of this Executive Order, to include any extensions.

In accordance with section 465.0275, Florida Statutes, phannacists may dispense up to a 30-day emergency prescription refill of maintenance medication to persons who reside in an area or county covered under this Executive Order and to emergency personnel who have been activated by their state and local agency but who do not reside in an area or county covered by this Executive Order.
In accordance with section 252.38, Florida Statutes, each political subdivision within the State of Florida may waive the procedures and fonnalities otherwise required of the political subdivision by law pertaining to:
Perfonnance of public work and taking whatever prudent action is necessary to ensure the health, safety, and welfare of the community;
Entering into contracts; however, political subdivisions are cautioned against entering into time and materials contracts without ceiling as defined by 2 CFR 200.318(j) or cost plus percentage contracts as defined by 2 CFR 200.323(d);
Incurring obligations;

Employment of pennanent and temporary workers;

Utilization of volunteer workers;

Rental of equipment ;

Acquisition and distribution, with or without compensation, of supplies, materials, and facilities; and,
Appropriation and expenditure of public funds.

All State agencies responsible for the use of State buildings and facilities may close such buildings and facilities in those portions of the State affected by this emergency, to the extent necessary to meet this emergency. I direct each State agency to report the closure of any State

building or facility to the Secretary of the Department of Management Services. Under the authority contained in section 252.36, Florida Statutes, I direct each County to report the closure of any building or facility operated or maintained by the County or any political subdivision therein to the Secretary of the Department of Management Services. Furthermore, I direct the Secretary of the Department of Management Services to:
Maintain an accurate and up-to-date list of all such closures; and,

Provide that list daily to the State Coordinating Officer.

Section 5. I find that the demands placed upon the funds appropriated to the agencies of the State of Florida and to local agencies are unreasonably great and the funds currently available may be inadequate to pay the costs of coping with this emergency. In accordance with section 252.37(2), Florida Statutes, I direct that sufficient funds be made available, as needed, by transferring and expending moneys appropriated for other purposes, moneys from unappropriated surplus funds, or from the Budget Stabilization Fund.
Section 6. All State agencies entering emergency final orders or other final actions in response to this emergency shall advise the State Coordinating Officer contemporaneously or as soon as practicable.
Section 7. Medical professionals and workers, social workers, and counselors with good and valid professional licenses issued by states other than the State of Florida may render such services in Florida during this emergency for persons affected by this emergency with the condition that such services be rendered to such persons free of charge, and with the further condition that such services be rendered under the auspices of the American Red Cross or the Florida Department of Health.

Section 8. All activities taken by the Director of the Division of Emergency Management and the State Health Officer and Surgeon General with respect to this emergency before the issuance of this Executive Order are ratified. This Executive Order shall expire sixty days from this date unless extended.

IN TESTIMONY WHEREOF, I have hereunto set my hand and caused the Great Seal of the State of Florida to be affixed, at Tallahassee, this 9th day of

March, 2::0.._	.,..

ATTEST:

STATE OF FLORIDA
OFFICE OF THE GOVERNOR EXECUTIVE ORDER NUMBER 20-69
(Emergency Management- COVID-19 -  Local Government Public Meetings)

WHEREAS, on March 1, 2020, I issued Executive Order 20-51 directing the Florida Department of Health to issue a Public Health Emergency as a result of COVID-19; and
WHEREAS, on March 1, 2020, the State Surgeon General and State Health Officer declared a Public Health Emergency exists in the State of Florida as a result of COVID-19; and
WHEREAS, on March 9, 2020, I issued Executive Order 20-52 declaring a state of emergency for the entire State of Florida as a result of COVID-19; and
WHEREAS, on March 16, 2020, President Donald J. Trump and the Centers for Disease Control and Prevention ("CDC") issued the "15 Days to Slow the Spread" guidance advising individuals to adopt far-reaching social distancing measures, such as working from home and avoiding gatherings of more than 10 people; and
WHEREAS, on March 17, 2020, I wrote a letter to Attorney General Ashley  Moody seeking an advisory opinion regarding concerns raised by local government bodies  about  their ability to hold meetings through teleconferencing and other technological means in order to protect the public and follow the CDC guidance regarding social distancing; and
WHEREAS, on March 19, 2020, Attorney General Ashley Moody delivered an opinion to me indicating that certain provisions of Florida law require a physical quorum be present for local government bodies to conduct official business, and that local government bodies may only conduct meetings by teleconferencing or other technological means if either a statute permits a quorum to be present by means other than in person, or that the in person requirement for constituting a quorum is lawfully suspended during the state of emergency; and

WHEREAS, it is necessary and appropriate to take action to ensure  that  COVID-19 remains controlled , and that residents and visitors in Florida remain safe and secure;
NOW, THEREFORE, I, RON DESANTIS, as Governor of Florida, by virtue of the authority vested in me by rticle IV, Section (l)(a) of the Florida Constitution , Chapter 252, Florida Statutes, and all other applicable laws, promulgate the following Executive Order to take immediate effect:
Section 1.	I hereby suspend any Florida Statute that requires a quorum to be present in

person or requires a local government body to meet at a specific public place.

Section 2.	Local government  bodies may utilize communications media technology,

such as telephonic and video conferencing, as provided in section 120.54(5)(b)2., Florida Statutes.

Section 3. This Executive Order does not waive any other requirement  under the  Florida Constitution and "Florida's Government in the Sunshine Laws," including Chapter 286, Florida Statutes.
Section 4.	This Executive Order shall expire at the expiration of Executive Order 20- 52, including any extension.

IN TESTIMONY WHEREOF, I have hereunto set my hand and caused the Great Seal of the State of Florida to be affixed, at Tallahassee, this

20th da T of March, 20

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New Port-Tampa Bay  Community Development District

Consideration of the February 20, 2020 Board of Supervisors’ Meeting Minutes

MINUTES OF MEETING

NEW PORT TAMPA BAY COMMUNITY DEVELOPMENT DISTRICT SPECIAL BOARD OF SUPERVISORS’ MEETING MINUTES
Thursday, February 20, 2020 at 11:00AM Law Offices of Straley Robin Vericker, 1510 W. Cleveland Street,
Tampa, Florida 33606

Board Members present:

Kevin Mays	Vice Chairman
Drew Locher	Assistant Secretary
Britney Mroczkowski	Assistant Secretary Also present:
Vivian Carvalho	District Manager- PFM Group Consulting, LLC
Venessa Ripoll	PFM Group Consulting, LLC
Kevin Plenzler	PFM Financial Advisors, LLC
Tracy Robin	District Counsel- Straley Robin Vericker
Scott Anderson	BTI Partners				
Michael Williams	Bond Counsel	(via phone)	
Jere Earlywine	Developer Counsel	(via phone)	
Nicole Lynn	District Engineer- Ardurra	(joined	via	phone	
11:23 a.m.)					

FIRST ORDER OF BUSINESS	Organizational Matters Call to Order and Roll Call

Ms. Carvalho called the New Port Tampa Bay Community Development District Board of Supervisors Meeting to order at 11:07 a.m. Those in attendance are outlined above.

Public Comment Period

There were no members of the public present at this time.

Swearing in Newly Elected Board	Members	Noah

Breakstone, Drew Locher, Kevin Mays

Ms. Carvalho administered the oath of office to Mr. Locher and Mr. Mays. Mr. Breakstone was not in attendance and will be sworn in at a later meeting.

Ms. Carvalho asked if they wanted to receive or waive compensation. They both chose to waive compensation.

SECOND ORDER OF BUSINESS	General Business Matters

Consideration of the Minutes of the November 19, 2019 Board of Supervisors’ Meeting
The Board reviewed the minutes. There were no questions or edits.

On MOTION by Mr. Mays, seconded by Mr. Locher, with all in favor, the Board of Supervisors’ for the New Port Tampa Bay Community Development District approved the Minutes of the November 19, 2019 Board of Supervisors’ Meeting.

Consideration of the Minutes of the November 19, 2019 Landowners’ Election Meeting
The Board reviewed the minutes. There were no questions or edits.

On MOTION by Mr. Mays, seconded by Ms. Mroczkowski, with all in favor, the Board of Supervisors’ for the New Port Tampa Bay Community Development District approved the Minutes of the November 19, 2019 Landowners’ Election Meeting.

Consideration		of Resolution	2020-03, Canvassing and Certifying the Results of the Landowners’ Election

Ms. Carvalho explained the votes were cast as follows;

Drew Locher received 1 vote for Seat 2
Noah Breakstone received 15 votes for Seat 4
Kevin Mays received 15 votes for Seat 5

Therefore, Mr. Breakstone and Mr. Mays will each serve a 4-year term and Mr. Locher will serve a 2-year term. Ms. Carvalho requested a motion to approve Resolution 2020-03 as presented.

On MOTION by Mr. Mays, seconded by Mr. Locher, with all in favor, the Board of Supervisors’ for the New Port Tampa Bay Community Development District approved Resolution 2020-03, Canvassing and Certifying the Results of the Landowners’ Election.

Consideration		of Resolution	2020-04, Electing District Officers

Ms. Carvalho noted the slate of officers are as follows; Noah Breakstone as Chair, Kevin Mays as Vice-Chair, Vivian Carvalho as Secretary, Venessa Ripoll, Drew Locher, David D’Ambrosio, and Britney Mroczkowski as Assistant Secretaries, Jennifer Glasgow as Treasurer, and Amanda Lane as Assistant Treasurer.

On MOTION by Mr. Locher, seconded by Ms. Mroczkowski, with all in favor, the Board of Supervisors’ for the New Port Tampa Bay Community Development District approved Resolution 2020-04, Electing District Officers, as follows; Noah Breakstone as Chair, Kevin Mays as Vice-Chair, Vivian Carvalho as Secretary, Venessa Ripoll, Drew Locher, David D’Ambrosio, and Britney Mroczkowski as Assistant Secretaries, Jennifer Glasgow as Treasurer, and Amanda Lane as Assistant Treasurer.

Consideration		of Resolution	2020-05, Designating Board Member Seats for the Upcoming General Election

Mr. Robin explained the Supervisor of Elections Office notified the District there are now more than 250 registered voters residing in the District. On the General Election which occurs this year there are to be two seats on that election from this Board. Previously the Landowners’ Election Meetings ran on odd years. The District is conforming with the election schedule now to the General Election schedule and move up the election for the seats that will not have expired at the end of this year to terminate this year as required by law.

This resolution resets the terms for Seats 1-5. Seats 1-3 will expire on November 10, 2020. Seats 4 & 5 will expire in 2022. In November 2020 two of Seats 1-3 will come up for the General Election and one of them will still be a Landowner Election Seat.
Ms. Carvalho noted the two seats District staff provided to the General Election is Seat 1 and Seat 3. Seat 2 will remain at the Landowners’ Election.

A lengthy discussion took place about the election process.

On MOTION by Mr. Mays, seconded by Mr. Locher, with all in favor, the Board of Supervisors’ for the New Port Tampa Bay Community Development District approved Resolution 2020-05, Designating Board Member Seats for the Upcoming General Election.

Consideration of FMS Bonds	Underwriter Agreement

Ms. Carvalho presented the FMS Bonds Underwriter Agreement. Mr. Robin explained it is a formal engagement of FMS Bonds to serve as the Underwriter for the upcoming Bond Issuance.

On MOTION by Mr. Locher, seconded by Mr. Mays, with all in favor, the Board of Supervisors’ for the New Port Tampa Bay Community Development District approved FMS Bonds Underwriter Agreement and authorize the Chair or Vice Chair to proceed with execution.

Consideration		of	
Engineer’s	Report	for	
Marina Pointe			

Ms. Lynn, the District Engineer joined the meeting via phone at approximately 11:23 a.m. She presented the Engineer’s Report in substantial form. The Board reviewed the exhibits which include maps and a cost estimate.

On MOTION by Mr. Mays, seconded by Ms. Mroczkowski, with all in favor, the Board of Supervisors’ for the New Port Tampa Bay Community Development District approved the Engineer’s Report in substantial form.

Consideration	of Assessment Methodology Report for Marina Pointe

Mr. Plenzler reviewed the Assessment Methodology Report. This outlines the maximum assessments that will be securing the repayments of Bonds that could be issued by the Districts to fund certain Capital Improvements within the Districts. Mr. Plenzler reviewed the tables. Table 1 details the Development Program. Table 2 outlines the CIP cost estimates. Table 4 outlines the estimate of maximum bond sizing associated with the CIP of just over $13,300,000.00. Table 5 & Table 6 outlines the estimated assessments associated with the Bond Par amount. The maximum Principal per unit will be $37,813.00 and $18.91 per square foot on the commercial square footage component. The maximum gross assessment will be $2,986.00 per unit which represents $1.49 per square foot of non-residential space. He analyzed the Debt Service Assessments on both an acreage and a per lot basis and found the assessments to be reasonably and equitably allocated. He also found there is a benefit received by each of the District’s Property owners in excess of the costs of the related assessments.

On MOTION by Ms. Mroczkowski, seconded by Mr. Mays, with all in favor, the Board of Supervisors’ for the New Port Tampa Bay Community Development District approved the Assessment Methodology report for Marina Pointe in substantial form.

Consideration	of	
Resolution	2020-06,	
Declaring	Special	
Assessments		

Mr. Robin explained this is a Preliminary Assessment Resolution which kicks off the assessment process. The next resolution has to do with setting a date for the public hearing. He noted the Board is declaring the intent to levy non Ad-Valorem Special Assessments.

The cost will be defrayed through the issuance of new Bonds. The Special Assessments relates only to the Marina Pointe area which is approximately 8.533 acres and effects no other part of the District. The private developments on this area will receive the assessments which are anticipated to be the condominium towers.

On MOTION by Mr. Locher, seconded by Mr. Mays, with all in favor, the Board of Supervisors’ for the New Port Tampa Bay Community Development District approved Resolution 2020-06, Declaring Special Assessments.

Consideration		of Resolution 2020-07, Setting Public Hearing for Imposing	Special Assessments

Ms. Carvalho explained this resolution sets the public hearing for the imposition of special assessments. A discussion took place about a date for the public hearing.

On MOTION by Mr. Locher, seconded by Ms. Mroczkowski, with all in favor, the Board of Supervisors’ for the New Port Tampa Bay Community Development District approved Resolution 2020-07, setting March 30, 2020 at 11:00 a.m. as the Public Hearing date for Imposing Special Assessments at this location.

District Manager will work with District Counsel for mailed notice and ad for the public hearing scheduled for March 30, 2020.

Consideration		of Resolution	2020-08, Delegation Award for 2020 Bonds
Second	Supplemental Trust Indenture
Preliminary	Limited Offering Memorandum
Bond	Purchase Contract
Continuing	Disclosure Agreement

Mr. Williams, Bond Counsel, reviewed the resolution and exhibits.

On MOTION by Mr. Mays, seconded by Ms. Mroczkowski, with all in favor, the Board of Supervisors’ for the New Port Tampa Bay Community Development District approved Resolution 2020-08, Delegation Award for 2020 Bonds in substantial form.

Discussion and Approval of District Joinder and Execution of Lennar Phase II Proposed Re-Plat, Subdivision Agreement, and Related Items

Mr. Robin explained there is urgency to getting the plats filed and he wanted to request the authority for the Chair or Vice Chair to sign the plat upon approval by District Counsel.

On MOTION by Mr. Mays, seconded by Mr. Locher, with all in favor, the Board of Supervisors’ for the New Port Tampa Bay Community Development District authorized the Chair or Vice Chair to sign the plat upon approval by District Counsel.

Discussion and Approval of District Joinder and Execution of Marina Pointe Proposed Plat and Related Items

Mr. Robin explained there is urgency to getting the plats filed and he wanted to request the authority for the Chair or Vice Chair to sign the plat upon approval by District Counsel.

On MOTION by Mr. Mays, seconded by Ms. Mroczkowski, with all in favor, the Board of Supervisors’ for the New Port Tampa Bay Community Development District authorized the Chair or Vice Chair to sign the plat upon approval by District Counsel.

Discussion and Approval of Development Acquisition Agreement for Marina Pointe

Mr. Robin provided an overview of the agreement for the Board. The Agreement is intended to obligate the Developer to convey the portions of the 2020 Project. He reviewed various sections within the agreement.

Mr. Earlywine reviewed Mr. Robin’s latest version and it is in very good shape. There is a question he needs to ask Nicole and another to ask of Chris Tanner. After those questions are answered it is ready for signature. The intent is to sign this shortly after the meeting.

On MOTION by Mr. Mays, seconded by Mr. Locher, with all in favor, the Board of Supervisors’ for the New Port Tampa Bay Community Development District approved Development Acquisition Agreement for Marina Pointe in substantial form and authorize the Chair of Vice Chair to Execute the Agreement upon approval by District Counsel.

Consideration of Partial Assignment of Orion Marine Contract to the CDD

Mr. Earlywine explained this is a basis site work contract assigned to the District. This is a partial assignment because there is public and additional private work that is part of it.

On MOTION by Mr. Mays, seconded by Mr. Locher, with all in favor, the Board of Supervisors’ for the New Port Tampa Bay Community Development District approved Partial Assignment of Orion Marine Contract to the CDD in substantial form subject to final approval by District Counsel prior to the Chair or Vice Chair executing.

Consideration	of	Direct Purchase of Rip-Rap

Mr. Robin explained there is a substantial amount of rock to be purchased for the Rip- Rap. The Developer would like for the District to acquire the rock because the District has tax exempt status. It will save at least $200,000.00 in cost to have the District direct purchase the rock.

On MOTION by Mr. Locher, seconded by Ms. Mroczkowski, with all in favor, the Board of Supervisors’ for the New Port Tampa Bay Community Development District authorized the Chair or Vice Chair execute any documents or assignments of contract that are necessary to implement the Direct Purchase of Rip-Rap.

Ratification	and Consideration of Payment Authorizations FY2020-21 – 2020-25

The Board reviewed Payment Authorizations FY2020-21 – 2020-25

On MOTION by Mr. Locher, seconded by Ms. Mroczkowski, with all in favor, the Board of Supervisors’ for the New Port Tampa Bay Community Development District approved Payment Authorizations FY2020-21 – 2020-25.

Ratification/Consideration	
			of	Westshore		Marina	
			District	Phase	1	Master	
Infrastructure	
			Improvements		Payment	
			Authorizations	Nos.	164-	
168	
The Board	reviewed	Westshore Marina District	Phase	1 Master	Infrastructure	
Improvements Payment Authorizations Nos. 164-168.				

On MOTION by Mr. Mays, seconded by Ms. Mroczkowski, with all in favor, the Board of Supervisors’ for the New Port Tampa Bay Community Development District ratified Westshore Marina Phase 1 Master Infrastructure Improvements Payment Authorizations Nos. 164-168.

Ratification/Consideration	
			of	Westshore		Marina	
			District	Phase	2	Master	
Infrastructure	
			Improvements		Payment	
Authorizations Nos. 74-77	
The Board	reviewed	Westshore Marina District	Phase	2	Master	Infrastructure	
Improvements Payment Authorizations Nos. 74-77.					

On MOTION by Mr. Locher, seconded by Ms. Mroczkowski, with all in favor, the Board of Supervisors’ for the New Port Tampa Bay Community Development District ratified Westshore Marina Phase 2 Master Infrastructure Improvements Payment Authorizations Nos. 74-77.

Review	of	District’s Financial Position

The Board reviewed the Financials Statements through January 31, 2020. No action was required at this time.

THIRD ORDER OF BUSINESS	Other Business Staff Reports

District Counsel – Mr. Robin reviewed the Sunshine Laws for Board Members.

District Engineer – No Report

District Manager – Ms. Carvalho noted the District will hold a Special Board of Supervisors meeting on March 30, 2020. This will be the public hearing on equalizing the Special Assessments. The Board also has a meeting scheduled for April 16, 2020.

Supervisor Requests and Audience Comments

There were no Supervisor requests and there were no members of the public present.

FOURTH ORDER OF BUSINESS	Adjournment

There was no other business to discuss, Ms. Carvalho requested a motion to adjourn.

On MOTION by Mr. Locher, seconded by Ms. Mroczkowski, with all in favor, the February 20, 2020 Special Board of Supervisors Meeting for the New Port Tampa Bay Community Development District was adjourned at 11:57 AM

Secretary/Assistant Secretary	Chairperson/Vice-Chairperson

New Port -Tampa Bay Community Development District

Consideration of Resolution 2020-09, Equalizing, Approving, Confirming, and Levying Special Assessments

Exhibit A- Engineer’s Report dated February 20, 2020

Exhibit B- Master Assessment Methodology dated February 26, 2020

Approving and Levying Debt Assessments	New Port-Tampa Bay CDD Resolution 2020-09
RESOLUTION 2020-09

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE NEW PORT- TAMPA BAY COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING THE CONSTRUCTION AND ACQUISITION OF CERTAIN PUBLIC CAPITAL IMPROVEMENTS; EQUALIZING, APPROVING, CONFIRMING, AND LEVYING NON-AD VALOREM SPECIAL ASSESSMENTS ON THE PROPERTY SPECIALLY BENEFITED BY SUCH IMPROVEMENTS TO PAY THE COST THEREOF; PROVIDING A METHOD FOR ALLOCATING THE TOTAL ASSESSMENTS AMONG THE BENEFITED PARCELS WITHIN THE DISTRICT; PROVIDING FOR PENALTIES, CHARGES, DISCOUNTS, AND COLLECTION PROCEDURES; CONFIRMING THE DISTRICT'S INTENTION TO ISSUE ITS SPECIAL ASSESSMENT BONDS; PROVIDING FOR CHALLENGES AND PROCEDURAL IRREGULARITIES; PROVIDING FOR SEVERABILITY, CONFLICTS, AND AN EFFECTIVE DATE.

SECTION 1. AUTHORITY FOR THIS RESOLUTION. This Resolution is adopted pursuant to Chapters 170, 190, and 197, Florida Statutes.

SECTION 2. FINDINGS. The Board of Supervisors (the “Board”) of the New Port-Tampa Bay Community Development District (the “District”) hereby finds and determines as follows:

The District is a local unit of special purpose government organized and existing under and pursuant to Chapter 190, Florida Statutes, as amended.

The District is authorized under Chapter 190, Florida Statutes, to construct and acquire certain public capital improvements as described in the Engineer’s Report dated February 20, 2020, as amended or supplemented from time to time (the “2020 Project”) attached hereto as Exhibit A.

The District is authorized by Chapters 170, 190, and 197, Florida Statutes, to levy non-ad valorem special assessments to pay all or any part of the cost of public capital improvements such as the 2020 Project and to issue bonds or notes payable from such special assessments as provided for in Chapters 170, 190, and 197, Florida Statutes.

It is desirable for the public safety and welfare that the District construct and acquire the 2020 Project on certain lands within the District, the nature and location of which are described in Resolution 2020-06 and more specifically described in the plans and specifications on file at the registered office of the District; that the cost of the 2020 Project be assessed against the lands specially benefited thereby (the 8.533 acre peninsula located within the District known as Marina Pointe), and that the District issue its special assessment bonds, Series 2020 (the “Series 2020 Bonds”), to provide funds for securing the Series 2020 Bonds pending the receipt of such special assessments.

It is necessary for the District to issue and sell the Series 2020 Bonds to generate funds to pay the cost of constructing and acquiring the 2020 Project.

The implementation of the 2020 Project, the levying of such special assessments, and the sale and issuance of the Series 2020 Bonds serves a proper, essential, and valid public purpose.

Approving and Levying Debt Assessments	New Port-Tampa Bay CDD Resolution 2020-09
By Resolution 2020-06, the Board determined to implement the 2020 Project and to defray the cost thereof by levying special assessments on benefited property and expressed an intention to issue the Series 2020 Bonds to provide the funds needed therefor prior to the collection of such special assessments. Resolution 2020-06 was adopted in compliance with the requirements of Section 190.016, Florida Statutes and with the requirements of Section 170.03, Florida Statutes, and prior to the time the same was adopted, the requirements of Section 170.04, Florida Statutes had been complied with.

Resolution 2020-06 was published as required by Section 170.05, Florida Statutes, and a copy of the publisher's affidavit of publication is on file with the District.

A preliminary assessment roll has been prepared and filed with the District as required by Section 170.06, Florida Statutes.

As required by Section 170.07, Florida Statutes, upon completion of the preliminary assessment roll, the Board adopted Resolution 2020-07 fixing the time and place of a public hearing at which owners of the property to be assessed and other persons interested therein may appear before the Board and be heard as to (i) the propriety and advisability of implementing the 2020 Project,
the cost thereof, (iii) the manner of payment therefor, and (iv) the amount thereof to be assessed against each specially benefited property.

The Board met as an equalization board, conducted such public hearing and heard and considered all comments and complaints as to the matters described in paragraph (j) above, and based thereon, has made such modifications in the preliminary assessment roll as it deems desirable in the making of the final assessment roll.

Having considered revised estimates of the construction costs of the 2020 Project, revised estimates of financing costs, and all complaints and evidence presented at such public hearing, the Board finds and determines:

that the estimated costs of the 2020 Project, plus financing related costs, capitalized interest, a debt service reserve, and contingency is as specified in the Master Assessment Methodology dated February 26, 2020 (the "Assessment Report") attached hereto as Exhibit B, and the amount of such costs is reasonable and proper;

it is reasonable, proper, just, and right to assess the cost of the 2020 Project against the properties specially benefited thereby using the methods determined by the Board, which results in the special assessments set forth on the final assessment roll which is included in the Assessment Report;

it is hereby declared that the 2020 Project will constitute a special benefit to all parcels of real property listed on the final assessment roll set forth in the Assessment Report and that the benefit, in the case of each such parcel, will be equal to or in excess of the special assessments thereon; and

it is desirable that the Debt Assessments (defined below) be paid and collected as herein provided.

Approving and Levying Debt Assessments	New Port-Tampa Bay CDD Resolution 2020-09
SECTION 3. DEFINITIONS. Capitalized words and phrases used herein but not defined herein shall have the meaning given to them in the Assessment Report. In addition, the following words and phrases shall have the following meanings:

“Assessable Unit” means a development unit as set forth in the Assessment Report.

"Debt Assessment" or “Debt Assessments” means the non-ad valorem special assessments imposed to repay the Series 2020 Bonds which will be issued to finance the construction and acquisition of the 2020 Project as described in the Assessment Report.

"Developer" means New Port Tampa CDD Holdings LLC, a Delaware limited liability company, and its successors and assigns.

SECTION 4. AUTHORIZATION OF PROJECT. The 2020 Project described in Resolution 2020-06, as more specifically described by the plans and specifications therefor on file in the registered office of the District, is hereby authorized and approved and the proper officers, employees and agents of the District are hereby authorized and directed to take such further action as may be necessary or desirable to cause the same to be constructed or acquired following the issuance of Bonds referred to herein.

SECTION 5. ESTIMATED COST OF PROJECT. The total estimated costs of the 2020 Project, and the costs to be paid by the Debt Assessments on all specially benefited property is set forth in the Assessment Report.

SECTION 6. EQUALIZATION, APPROVAL, CONFIRMATION AND LEVY OF DEBT
ASSESSMENTS. The Debt Assessments on the benefited parcels all as specified in the final assessment roll included within the Assessment Report are hereby equalized, approved, confirmed and levied. Promptly following the adoption of this Resolution, those Debt Assessments shall be recorded by the Secretary of the Board of the District in a special book, to be known as the "Improvement Lien Book." The Debt Assessment or Debt Assessments against the benefited parcels shown on such final assessment roll and interest and penalties thereon, as hereafter provided, shall be and shall remain a legal, valid and binding first lien on such benefited parcels until paid; such lien shall be coequal with the lien of all state, county, district and municipal taxes and special assessments, and superior in dignity to all other liens, titles, and claims (except for federal liens, titles, and claims).

SECTION 7.  FINALIZATION OF DEBT ASSESSMENTS. When the 2020 Project has been
constructed to the satisfaction of the Board, and pursuant to any applicable indenture provisions relating the Series 2020 Bonds, the Board shall adopt a resolution accepting the same and determining the actual costs to the District thereof, as required by Sections 170.08 and 170.09, Florida Statutes. In the event that the actual costs to the District for the 2020 Project is less than the amount assessed therefor, the District shall credit to each Debt Assessment for the 2020 Project the proportionate difference between the Debt Assessment as hereby made, approved and confirmed and the actual costs of the 2020 Project, as finally determined upon completion thereof. In no event, however, shall the final amount of any such Debt Assessment exceed the amount originally assessed hereunder. In making such credits, no discount shall be granted or credit given for any part of the payee's proportionate share of any actual bond financing costs, such as cost of issuance, capitalized interest, if any, funded reserves or bond discount included in the estimated cost of the 2020 Project. Such credits shall be entered in the Improvement Lien Book. Once the final amount of the Debt Assessments for all of the 2020 Project has been determined,

Approving and Levying Debt Assessments	New Port-Tampa Bay CDD Resolution 2020-09
the term "Debt Assessment" shall mean the sum of the actual costs of the 2020 Project benefiting the benefited parcels plus financing costs.

SECTION 8. ALLOCATION OF DEBT ASSESSMENTS WITHIN THE BENEFITED
PARCELS. Because it is contemplated that the land will be subdivided into units to be used for the construction of development units, and that such individual units will be sold to numerous purchasers, the Board deems it desirable to establish a method for allocating the total Debt Assessment among the various units that will exist so that the amount so allocated to each unit will constitute an assessment against, and a lien upon, each such unit without further action by the Board.

The Board believes, and hereby finds, that based upon the Developer's present development plans, each unit will be benefited equally by the 2020 Project, regardless of minor variations in the square footage or front footage of the units.

If the Developer's plans change and the size of the Assessable Units vary to a degree such that it would be inequitable to levy Debt Assessments in equal amounts against each Assessable Unit, then the Board may, by a supplemental resolution, reallocate the Debt Assessments against the Assessable Units on a more equitable basis and in doing so the Board may ignore minor variations among units of substantially equal square footage or front footage; provided, however, that before adoption of any resolution the Board shall have obtained and filed with the trustee for the Series 2020 Bonds (herein, the “Trustee”): (i) an opinion of counsel acceptable to the District to the effect that the Debt Assessments as reallocated were duly levied in accordance with applicable law, that the Debt Assessments as reallocated, together with the interest and penalties, if any, thereon, will constitute a legal, valid and binding first lien on the Assessable Units as to which such Debt Assessments were reallocated until paid in full, and that such lien is coequal with the lien of all state, county, district and municipal taxes and special assessments, and superior in dignity to all other liens, titles, and claims (except for federal liens, titles, and claims), whether then existing or thereafter created; and (ii) a certificate from the District's methodology consultant together with supporting schedule confirming that the aggregate cash flow from the reallocated Debt Assessments is not less than the aggregate cash flow from the original Debt Assessments.

If the Board reallocates Debt Assessments as provided in the preceding paragraph, a certified copy of the supplemental resolution approving such reallocation shall be filed with the Trustee within 30 days after its adoption and a revised Debt Assessment roll shall be prepared and shall be recorded in the Improvement Lien Book created pursuant hereto.

SECTION 9. PAYMENT OF DEBT ASSESSMENTS. At the end of the capitalized interest period referenced in the Assessment Report (if any), the Debt Assessments for the Series 2020 Bonds shall be payable in substantially equal annual installments over a period not to exceed 30 years, in the principal amounts set forth in the documents relating to the Series 2020 Bonds, together with interest at the applicable coupon rate of the Series 2020 Bonds, such interest to be calculated on the basis of a 360 day year consisting of 12 months of 30 days each, plus the District's costs of collection and assumed discounts for Debt Assessments provided for by Florida law; provided, however, that any owner of land (unless waived in writing by the owner or any prior owner and the same is recorded in the public records of the county) against which a Debt Assessment has been levied may pay the entire principal balance of such Debt Assessment without interest at any time within 30 days after the 2020 Project has been completed and the Board has adopted a resolution accepting the 2020 Project as provided by Section 170.09, Florida Statutes. Further, after the completion and acceptance of the 2020 Project or prior to completion and acceptance to the extent the right to prepay without interest has been previously waived,

Approving and Levying Debt Assessments	New Port-Tampa Bay CDD Resolution 2020-09
any owner of land against which a Debt Assessment has been levied may pay the principal balance of such Debt Assessment, in whole or in part at any time, if there is also paid an amount equal to the interest that would otherwise be due on such balance to the earlier of the next succeeding Bond payment date, which is at least 45 days after the date of payment.

SECTION 10. PAYMENT OF BONDS; REFUNDS FOR OVERPAYMENT. Upon
payment of all of the principal and interest on the Series 2020 Bonds secured by the Debt Assessments, the Debt Assessments theretofore securing the Series 2020 Bonds shall no longer be levied by the District. If, for any reason, Debt Assessments are overpaid or excess Debt Assessments are collected, or if, after repayment of the Series 2020 Bonds the Trustee makes payment to the District of excess amounts held by it for payment of the Series 2020 Bonds, such overpayment or excess amount or amounts shall be refunded to the person or entity who paid the Debt Assessment.

SECTION 11.  PENALTIES,	CHARGES,	DISCOUNTS,	AND	COLLECTION
PROCEDURES. The Debt Assessments shall be subject to a penalty at a rate of 1% per month if not paid when due under the provisions of Chapter 170, Florida Statutes or the corresponding provisions of subsequent law. However, for platted and developed units not owned by the Developer, the District anticipates using the "uniform method for the levy, collection and enforcement of non-ad valorem assessment" as provided by Chapter 197, Florida Statutes for the collection of the Debt Assessments. Accordingly, the Debt Assessments, shall be subject to all collection provisions to which non-ad valorem assessments must be subject in order to qualify for collection pursuant to Chapter 197, Florida Statutes as such provisions now exist and as they may exist from time to time hereafter in Chapter 197 or in the corresponding provision of subsequent laws. Without limiting the foregoing, at the present time such collection provisions include provisions relating to discount for early payment, prepayment by installment method, deferred payment, penalty for delinquent payment, and issuance and sale of tax certificates and tax deeds for non-payment. With respect to the Debt Assessments not being collected pursuant to the uniform method and which are levied against any parcels owned by the Developer, or its successors or assigns, the District shall invoice and collect such Debt Assessments directly from the Developer, or its successors or assigns, and not pursuant to Chapter 197. Any Debt Assessments that are directly collected by the District shall be due and payable to the District at least 30 days prior to the next Bond payment date of each year.

SECTION 12. CONFIRMATION OF INTENTION TO ISSUE BONDS. The Board hereby
confirms its intention to issue the Series 2020 Bonds and to provide funds, pending receipt of the Debt Assessments, to secure the Series 2020 Bonds.

SECTION 13. DEBT ASSESSMENT CHALLENGES. The adoption of this Resolution shall be the final determination of all issues related to the Debt Assessments as it relates to property owners whose benefitted property is subject to the Debt Assessments (including, but not limited to, the determination of special benefit and fair apportionment to the assessed property, the method of apportionment, the maximum rate of the Debt Assessments, and the levy, collection, and lien of the Debt Assessments), unless proper steps shall be initiated in a court of competent jurisdiction to secure relief within 30 days from adoption date of this Resolution.

SECTION 14. PROCEDURAL IRREGULARITIES. Any informality or irregularity in the proceedings in connection with the levy of the Debt Assessments shall not affect the validity of the same after the adoption of this Resolution, and any Debt Assessment as finally approved shall be competent and sufficient evidence that such Debt Assessment was duly levied, that the Debt Assessment was duly

Approving and Levying Debt Assessments	New Port-Tampa Bay CDD Resolution 2020-09
made and adopted, and that all other proceedings adequate to such Debt Assessment were duly had, taken, and performed as required.

SECTION 15. SEVERABILITY. If any section or part of a section of this Resolution be declared invalid or unconstitutional, the validity, force and effect of any other section or part of a section of this Resolution shall not thereby be affected or impaired unless it clearly appears that such other section or part of a section of this Resolution is wholly or necessarily dependent upon the section or part of a section so held to be invalid or unconstitutional.

SECTION 16. CONFLICTS. All resolutions or parts thereof in conflict herewith are, to the extent of such conflict, superseded and repealed.

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

PASSED AND ADOPTED on March 30, 2020.

Attest:	New Port-Tampa Bay
Community Development District

Secretary/Assistant Secretary	Chair/Vice-Chair of the Board of Supervisors

Exhibit A – Engineer’s Report dated February 20, 2020
Exhibit B – Master Assessment Methodology dated February 26, 2020

MARINA POINTE
Engineer’s Report

Prepared for
New Port Tampa Bay CDD 12051 Corporate Blvd.
Orlando, FL 32817

Prepared By
Ardurra Group, Inc.
4921 Memorial Highway, Suite 300
Tampa, Florida, 33634
(813) 880-8881

February 20, 2020

Ardurra Project Number: 00041-2020-5083

NEW PORT TAMPA BAY CDD ENGINEER’S REPORT FEBRUARY 20, 2020
MARINA POINTE ASSESSMENT AREA

PURPOSE

The purpose of this Engineer’s Report (“Report”) is to provide a description of the New Port Tampa Bay Community Development District’s (“District”) capital improvement plan (“2020 Project”) for the development of the land known as “Marina Pointe” (a/k/a “MP Assessment Area”).

BACKGROUND

Marina Pointe is on the western side of the District’s boundaries, as shown in Exhibit A. It is intended to be developed into a waterside, condominium community with three condominium towers consisting of condominium units, two parking garages, a marina, recreational walkway, and other features.

The lands within the District are being developed into a mixed-use community, most recently known as Westshore Marina District ("Development"). The Development is bordered by West Gandy Boulevard and existing residential development to the north; South Westshore Boulevard and existing commercial properties to the east; West Tyson Avenue to the south and the waters of Old Tampa Bay to the west.

The Development is zoned as a mixed use Planned Development (Alternative) (PD-A), Z07-048, having a total land area of 53.006 acres, and with entitlements for residential, commercial and recreational elements. While the land within Marina Pointe is undeveloped at this time, the Development’s infrastructure improvements include publicly dedicated roads, public parking areas, walkways, pond, seawalls and open space, some of which have been substantially completed and are pending final construction completion certification. Certain infrastructure was constructed outside of the Development limits to connect municipal potable water mains, sewage conveyances and disposal systems, and to convey offsite storm water runoff through the Development to Old Tampa Bay.

Primary vehicular access to the Development was recently completed and includes connection of the Development’s (City of Tampa) main north-south road known as Bridge Street which accesses Gandy Boulevard to the north and West Tyson Avenue to the south. Public dedication of Bridge Street is pending. Secondary access will be via improved connections along Bridge Street to existing City of Tampa roads known as West McElroy Avenue, West Paul Avenue and West Price Avenue.

MARINA POINTE DEVELOPMENT

As noted above, the 2020 Project is intended to provide public improvements supporting the development of Marina Pointe. The lands within the approximate 8.5 acre MP Assessment Area are identified on the Incremental Site Plan (IRW-17-012) approved by the City of Tampa on 3/13/2019 as having 322 dwelling units, 14 townhome style condominium dwellings and 9819 GSF of commercial uses on 8.1 acres and that additional section of land (approximately 0.4 acres) immediately to the east that provides the access connection to the traffic circle at Bridge Street.
As noted, the Current Site Plan currently provides for a total of 336 total dwelling units. An Incremental Site Plan will be submitted to allow for the development of an additional 11
units. Table 1 below illustrates the project’s land use plan, under the proposed Incremental Site Plan.

Table 1
Land Use Summary

Proposed Land Use	
Approximate Units	
Tower 1 Residential	120	
Tower 2 Residential	116	
Tower 3 Residential	111	
Total	347	
Commercial Space (GSF)	9,819	

THE 2020 PROJECT

To support the development of Marina Pointe, the District’s 2020 Project includes the following improvements: stormwater management system, seawall revetment, earthwork, roadways, water and wastewater utilities, hardscape/landscape/irrigation, recreational improvements, a security gate house, land acquisition, and professional fees and costs. These are described in more detail below.

Generally stated, the 2020 Project, as described herein, is the same improvement plan for development that is described in the District Engineer’s Report, dated October 26, 2005, as revised on January,12 2006, which plan was validated as part of the Final Judgment entered on November 22, 2005 and by the Circuit Court of the Thirteenth Judicial Circuit Court in and for Hillsborough County.

The proposed 2020 Project infrastructure improvements identified herein will provide specific benefit to the assessable real property within the boundaries of the MP Assessment Area. The construction and maintenance of the proposed infrastructure improvements are necessary and will benefit the developable lands within the MP Assessment Area for the intended use.

The District anticipates constructing and/or acquiring all or a portion of the 2020 Project with proceeds of tax-exempt bonds. The balance will be completed by New Port Tampa CDD Holdings LLC (“Developer”), which is the primary developer of the Development, pursuant to a completion agreement with the District.

At this time, the Developer has commenced construction of select infrastructure (shoreline

revetment). Additionally, the site has been cleared and grubbed, and demolition is underway.

Stormwater Management System

Permitting and operation of the District’s Stormwater Management System is regulated by the Southwest Florida Water Management District (SWFWMD) and the City of Tampa. Since the Development is located on Tampa Bay, the statutes administered by SWFWMD only require that initial runoff from the project be treated prior to discharge into Tampa Bay and meet State-defined impaired water body requirements.

Stormwater runoff within the MP Assessment Area will be conveyed by surface flow and collected in inlets for further conveyance by culverts to a stormwater treatment system (a subsurface stormwater storage system using filtration / percolation) before ultimately discharging to Old Tampa Bay. Accordingly, the 2020 Project includes the inlets, culverts, and piping necessary for these conveyances. Upon completion, these improvements will be owned and maintained by the District.

Revetment

Approximately ±1800 LF of stone revetment will be installed to replace or modify existing marine sea walls. The revetment will be used to protect and contain earthen fill on which adjacent walkways, community landscaping, roadways, drainage and utility infrastructure will be built. Upon completion, these improvements will be owned and maintained by the District.

Earthwork

Earthwork includes the filling of the land to establish final ground elevation to meet the required floor elevation noted in the City of Tampa approved Site & Foundation plans BLD-19-0464046 approved by the City on 9/6/2019. The 2020 Project does not include the costs of earthwork for the site grading of condominium tower or parking garage.

Roadway

Eventide Drive will serve as the primary vehicular access into and around the developable lots within Marina Pointe and connect to Bridge Street at the previously constructed traffic circle. All roadways will be constructed to local standards and will have accompanying parking and pedestrian sidewalks. All roadways include the roadway asphalt, base, and subgrade, roadway curb and gutter, striping and signage. The District will own, operate and maintain the roadways, parking and sidewalks within the MP Assessment Area upon completion.

Water and Wastewater Utilities

Water

The MP Assessment Area is within the City of Tampa limits for water

service and will be broadly serviced from the watermain on Eventide Drive connecting to the Bridge St. existing 16” water main. Potable water and fire services for each phase / common area within the MP Assessment Area will connect to the watermain at the western limit of Eventide Drive.

On completion, the main trunk pipeline, up to and including service meters from the connection point at Bridge Street, will be conveyed or dedicated to the City of Tampa for ownership, operation and maintenance. Ownership and maintenance of all other water mains in the MP Assessment Area will remain with the District.

Wastewater

The MP Assessment Area is within the City of Tampa limits for wastewater treatment service and in the Howard F. Curren Advanced Wastewater Treatment Plant service area. The onsite sanitary sewer system will consist of an extension of gravity collection pipelines with appurtenant manholes, connecting to the existing gravity system that flows east towards the new City of Tampa lift station constructed with previous District improvements to serve the total development. Upon completion, the District will be established as the owner of the wastewater utilities within the MP Assessment Area and will be the responsible operation and maintenance entity.

Hardscape / Landscape / Irrigation

Land not occupied by vertical structures or improvements within the MP Assessment Area will receive professionally designed landscaping and/or hardscaping treatment. Treatments will consist of plantings, pavers and other hard surfaces, and associated elements.

Irrigation for all landscaping within the MP Assessment Area will be provided by a metered master irrigation potable water system at Eventide Drive. The District will own and maintain the landscaping, and hardscaping, and irrigation system installed throughout the MP Assessment Area.

Site lighting is proposed for the development including conduiting, poles and fixtures that are to be owned and maintained by the District.

Recreational Walkway

A recreational walkway (aka Marina Pointe Walkway) will extend along the waterfront and connect the MP Assessment Area to the Linear Park with Public Pedestrian Trail/Bike Path that was previously constructed and provides a connection extending from West Gandy Boulevard to West Tyson Avenue. The community recreational areas within Marina Pointe will be constructed, owned and operated by the District with access granted to the public. The costs for designing and constructing the recreational areas are appropriated within the landscape portion of the infrastructure improvements.

Guard House

A small building is proposed at the western end of the entry drive (Eventide Drive) which will have a single restroom facility for which water and sanitary sewer laterals are to be provided. The guard house and related security gate will be owned and operated by the District upon completion. That said, the security gate will operate as a “soft gate,” and all roadways will be open to the public to the extent required by law and the District’s bond covenants.

Land Acquisition

The District will acquire the fee title to the roadways and other common areas for cost, as set forth in a separate acquisition agreement between the District and the Developer. These land acquisition costs may be used to offset potential debt assessments, again as provided for in the acquisition agreement.

Work Product

The 2020 Project also includes various professional services. These include: (i) engineering, surveying and architectural fees, (ii) permitting and plan review costs, and (iii) development/construction management services fees that are required for the design, permitting, construction, and maintenance acceptance of the public improvements and community facilities.

IMPACT FEES AND CREDITS

Impact Fees for provision of municipal services will be due for development of the project. Impact fees are not included in the estimated costs for the infrastructure improvements in the MP Assessment Area.

The 2020 Project will not generate any impact fee credits.

DISTRICT PHASING AND SCHEDULE

Vertical construction in the MP Assessment Area will be phased on a per building basis with each of the proposed three (3) residential towers representing a phase. Infrastructure construction will commence on the eastern portion of the site adjacent to Bridge Street and continue west to toward the terminus of the peninsula.

Site preparation and infrastructure construction has commenced. Schedule of completion is indeterminant at this time.

FUNDING, OWNERSHIP AND MAINTENANCE

The anticipated construction funding, ownership, and maintenance of the proposed infrastructure improvements in the MP Assessment Area, is set forth below.

Proposed Infrastructure Improvements	Construction
Funding	Ownership	Maintenance	
Water Distribution System	
District	District(1)
/City of Tampa(2)	District(1) /City of Tampa(2)	
Sanitary Sewer Collection and Transmission System	District	District	District	
Stormwater Management System
Flow-Through Conveyance Onsite Collection & Treatment	
District	
District	
District	
Eventide Drive	District	District	District	
Revetment	District	District	District	
Irrigation System, Landscaping and Hardscaping	District	District	District	
Recreational Walkway and Guard House	District	District	District	

(1) Downstream (west) of the master meter assemblies.
(2) Up to and including the master meter assemblies.

GOVERNMENTAL ACTIONS

The District was established pursuant to City of Tampa Ordinance No. 2005-233 on August 29, 2005 as modified by Ordinances 2006-38, 2006-322 and 2009-63. The District land area is entitled through the master zoning for the New Port Tampa Bay parent tract and as established by City of Tampa Zoning (Z07-48). Specifically, entitlements are distributed as defined by obtaining approvals of Incremental Site Plans.

Specific to development of the MP Assessment Area, planning, engineering and construction are underway with permits having been applied for or received:

City of Tampa:
Incremental Site Plan (IRW-17-012)
Infrastructure (aka Site & Foundation BLD-19-0464046; PLN-16-04-REV1)
Water Commitment (UTL-19-0001922)
Wastewater Commitment (UTL-19-0001922)
Water Department (UTL-19-0001922)
Wastewater Department (UTL-19-0001922)
o	Plat (FPT-19-0000012)
Southwest Florida Water Management District (SWFWMD) (ERP No. 43029777.018)

Environmental Protection Commission (EPC) (#66477)
National Pollutant Discharge Elimination System (NPDES) Notice of Termination (NOI) (FLR20DG53)
Florida Department of Environmental Protection (FDEP):
Water (Health Department) - pending
Wastewater (EPC) -pending

CONCLUSIONS AND SUMMARY OPINION

The infrastructure improvements as detailed in this Report are necessary for the functional development of the District. The planning and design of the infrastructure is in accordance with current governmental regulatory requirements. The infrastructure will provide the intended function so long as the construction is in substantial compliance with the design, specifications and permits.

It is my professional opinion that the estimated costs provided herein are reasonable for completion the construction of the proposed infrastructure improvements described in this Report and these infrastructure improvements will benefit and add value to the MP Assessment Area.

The estimate of infrastructure construction costs is only an estimate and not a guaranteed maximum price. Where necessary, historical costs, information from other professional or utility consultants and contractors have been used in preparation of this Report. Consultants and contractors who have contributed in providing the cost data included in this Report are reputable entities within the area. It is therefore our opinion that the construction of the proposed MP Assessment Area can be completed at the costs as stated.

The labor market, future costs of equipment and materials, increased regulatory actions and the actual construction process are all beyond the control of the Developer and the District. Due to this inherent opportunity for fluctuation in cost, the total final cost may be more or less than this estimate. Moreover, the District reserves the right to modify the 2020 Project at any time, and in its sole discretion, subject to any applicable bond covenants.

Ardurra Group, Inc. (fka King Engineering Associates, Inc.)

Nicole L. Lynn, P.E. Civil Group Leader
State of Florida Registration No. 71382

The following Exhibits are included:

Exhibit A – New Port Tampa Bay Community Development District Map
Exhibit B – Marina Pointe MP Assessment Area
Exhibit C – Marina Pointe MP Assessment Area Engineer’s Cost Estimate

WEST GANDY BLVD

NEW PORT TAMPA BAY
COMMUNITY DEVELOPMENT DISTRICT

MARINA POINTE MP ASSESSMENT AREA

SALTY SOL

MARINA

February 20, 2020 Q:\CIVIL\10074\00\01\Production\Drawings\Concept-Exhibit\2020-01-30 NEW PORT TAMPA BAY.dwg

T

T

WEST MCELROY AVE

TAMPA BAY

BRIDGE STREET
T

WEST PAUL AVE

SOUTH WESTSHORE BLVD

PRICE AVE

T

* 

WEST MCELROY AVE

* 

BRIDGE STREET

RATTLESNAKE CHANNEL

WEST TYSON AVE

NEW PORT TAMPA BAY COMMUNITY DEVELOPMENT DISTRICT MAP

EXHIBIT A	
0	
300	
600	
JANUARY 31, 2020		
SCALE: FEET		

SUNSET PARK (REFER TO LANDSCAPE AND HARDSCAPE PLANS)
TAMPA BAY

IRW-16-012 BLD-16-0447463

LANDSCAPE AREA

POOL AREA	PROPOSED TOWER 3 16 STORY
436,930 SF
109 UNITS
FFE 11.20 NAVD

ASPHALT

PROPOSED GARAGE 1
5 STORY
170,622 SF
FFE 11.20 NAVD

PROPOSED TOWER 2
16 STORY
423,930 SF
98 UNITS
FFE 11.20 NAVD

PROPOSED UNIT-TH 1
4 STORY
20,807 SF
7 UNITS
FFE 11.20 NAVD

PROPOSED UNIT-TH 2
4 STORY
20,807 SF
7 UNITS
FFE 11.20 NAVD
FUTURE DEVELOPMENT AREA
PROPOSED GARAGE 2
5 STORY
170,622 SF
FFE 11.20 NAVD

PRIVATE ACCESS EASEMENT

ASPHALT

PROPOSED TOWER 1
16 STORY
441,204 SF
115 UNITS
FFE 11.20 NAVD

LANDSCAPE AREA	

PRIVATE ACCESS			
	EASEMENT			
		ASPHALT		
	ASPHALT	PRIVATE ACCESS		
		EASEMENT		

IRW-17-013	
		RATTLESNAKE CHANNEL	BLD-18-0457380	

MP ASSESSMENT AREA

LEGEND	MARINA POINTE
NEW PORT TAMPA CDD HOLDINGS LLC, FUTURE CDD/ WESTSHORE MARINA DEVELOPER

BRIDGE STREET
50' ROW (PLN-16-04)

BRIDGE STREET
50' ROW (PLN-17-04)

T

T

February 20, 2020 Q:\CIVIL\10074\00\03\Production\Drawings\Concept-Exhibit\2020-01-24 DEVELOPMENT EXHIBIT.dwg

EXHIBIT B
2020/01/24

0	100	200

SCALE: FEET

ARDURRA GROUP, INC.
PROJECT: MARINA POINTE MP ASSESSMENT AREA
PROJECT NO.: 00041-2019-5169
DATE: FEBRUARY 20, 2020 ENGINEER'S COST ESTIMATE

EXHIBIT C

A/
ARDURRA

Section A - Stormwater Manaqement System	
DESCRIPTION	QUANTITY	UNIT	AMOUNT	
Mobilization	1	LS		
Survey & As-Builts	1	LS		
Storm Drainaqe	1	LS		
Silt Fencinq	3080	LF		
Temp Entrance	1	LS		
Inlet Protection	21	EA		
NPDES Dewaterinq Permit	1	LS		
Section A - Stormwater Manaaement Svstem TOTAL			$650,000.00	

Section 8 - Revetment	
DESCRIPTION	QUANTITY	UNIT	AMOUNT	
Revetment	1	LS	$4,653,260.00	
Section B - Revetment TOTAL			$4,653,260.00	

Section C - Earthwork	
DESCRIPTION	QUANTITY	UNIT	AMOUNT	
Site Grade and Prep	1	LS		
Import and Place Fill	32,070	LCY		
Fine Grading	1	LS		
Proof Roll Site	1	LS		
Section C - Earthwork TOTAL			$750,000.00	

Section D - Roadway	
DESCRIPTION	QUANTITY	UNIT	AMOUNT	
Subgrade	6,850	SY		
Crushed Concrete Road Base	6,850	SY		
Type D Curb	3,830	LF		
Type F Curb	470	LF		
Asphalt Paving	6,850	SY		
Signage	1	LS		
Striping	1	LS		
Section D - Roadway TOTAL			$390,000.00	

Section E - Water and Wastewater Utilities	
DESCRIPTION	QUANTITY	UNIT	AMOUNT	
				
Potable Water	1	LS	$100,000.00	
Fire Water	1	LS	$145,000.00	
Sanitary Sewer	1	LS	$110,000.00	
Future Phase Infrastructure	1	LS	$160,000.00	
Section E - Water and Wastewater Utilities TOTAL			$515,000.00	

Section F - Hardscape / Landscape / lrriqation	
DESCRIPTION	QUANTITY	UNIT	AMOUNT	
Hardscape	1	LS		
Plantinqs	1	LS		
lrrioation	1	LS		
Street Liqhting	1	LS		
Conduits	1	LS		
Section F - Hardscape/Landscape/lrrigation TOTAL			$1,250,000.00	

ARDURRA GROUP, INC.
PROJECT: MARINA POINTE MP ASSESSMENT AREA PROJECT NO.: 00041-2019-5169
DATE: FEBRUARY 20, 2020 ENGINEER'S COST ESTIMATE

ARDURRA

Section G - Recreational Walkway	
DESCRIPTION	QUANTITY	UNIT	AMOUNT	
Recreational Walkway	1	LS	$500,000.00	
Section G - Recreational Walkway TOTAL			$500,000.00	

Section H - Guard House	
DESCRIPTION	QUANTITY	UNIT	AMOUNT	
Guard House	1	LS	$125,000.00	
Section H - Guard House TOTAL			$125,000.00	

Section I - Land Acquisition	
DESCRIPTION	QUANTITY	UNIT	AMOUNT	
Land Acquisition	1	LS	Reserved	
Section 1- Land Acquisition TOTAL			Reserved	
Section J - Work Product	
DESCRIPTION	QUANTITY	UNIT	AMOUNT	
Work Product	1	LS	$500,000.00	
Section J - Work Product TOTAL			$500,000.00	

Section A - Stormwater Management System TOTAL
Section B - Revetment TOTAL Section C - Earthwork TOTAL Section D - Roadway TOTAL
Section E - Water and Wastewater Utilities TOTAL Section F - Hardscape/Landscape/lrrigation TOTAL Section G - Recreational Walkway TOTAL
Section H - Guard House TOTAL Section I - Land Acquisition TOTAL'2l Section J - Work Product TOTAL

$650,000.00
$4,653,260.00
$750,000.00
$390,000.00
$515,000.00
$1,250,000.00
$500,000.00
$125,000.00

$500,000.00

TOTAL - EARTHWORK (sum of Sections A - I)
Contractor Contingency - Savings Shared
Construction Management Fee
Insurance (WC, Auto) (Owner Provided OCIP)

as provided by Master Developer

$9,333,260.00
$279,997.80
$336,464.02
$29,849.17

TOTAL (sum of "Total - Earthwork," "Contractor Contingency," "Constr. Mgmt. Fee," and "Insurance")
P & P BOND (125% of "GRAND TOTAL")
P & P BOND PREMIUM [2% of ("TOTAL")(125%)]

GRAND TOTAL (sum of "TOTAL" and "P & P Bond Premium")

$9,979,570.99
$12,474,463.74

$249,489.27

$10,229,060.26

MASTER ASSESSMENT METHODOLOGY

NEW PORT TAMPA BAY COMMUNITY DEVELOPMENT DISTRICT

February 2020

Prepared for:

Members of the Board of Supervisors,
New Port Tampa Bay Community Development District

Prepared on February 26, 2020

PFM Financial Advisors LLC
12051 Corporate Boulevard
Orlando, FL 32817

MASTER ASSESSMENT METHODOLOGY
NEW PORT TAMPA BAY COMMUNITY DEVELOPMENT DISTRICT

February 26, 2020

Introduction

Purpose

This “Master Assessment Methodology,” dated February 26, 2020 (“Methodology”) provides a system for the allocation of non-ad valorem special assessments securing the repayment of bond debt planned to be issued by the New Port Tampa Bay Community Development District (“District”) to fund beneficial public infrastructure improvements and facilities. The Methodology described herein has two goals: (1) quantifying the special benefits received by certain properties within the District as a result of the construction of the District’s improvements and facilities, and (2) equitably allocating the costs incurred by the District to provide these benefits to certain properties in the District.

The District plans to implement a capital improvement program (“CIP”) that will allow for the development of certain property within the District, specifically Marina Pointe as described in the Engineer’s Report (defined below). The District plans to fund the majority of its CIP through bond debt financing. This bond debt will be repaid from the proceeds of non-ad valorem special assessments levied by the District. These special assessments will serve as liens against certain properties within the boundary of the District that receive a special benefit from the CIP (the “Assessment Area”). This Methodology is designed to conform to the requirements of Chapters 170, 190, and 197 of the Florida Statutes with respect to special assessments and is consistent with our understanding of the case law on this subject.

Background

The District includes approximately 53 gross acres of property within its boundaries. The Assessment Area will initially be approximately 8.533 acres as described in the legal description attached hereto as Exhibit A and is generally located on the south side of West Gandy Boulevard and one block west of South Westshore Boulevard within the City of Tampa, Florida. The Assessment Area is anticipated to be platted pursuant to a master plat in the near future that will separate out the building pads for the residential tower buildings and their parking garages along with other tracts. Upon the recording of the master plat the Assessment Area will automatically be confined to Lots 1, 2, 3, 4, and 5 (the building pads for the buildings and their parking garages) as shown on Exhibit B. As the parking garages are anticipated to be primarily used by the residents in the buildings and owned by a condo association, it is not the intention that assessments will attach to such parking garages (however, as development plans may change, they are initially included in the Assessment Area until such time that certificates of occupancy are issued for individual condo units and the assessments attach to each unit). It is anticipated that Lots 1 and 2 will be initially owned by one landowner entity, Lots 3 and 4 will be owned by a second landowner entity, and Lot 5 will be owned by a third landowner entity. At build-out, the Assessment Area is expected to contain 347 residential condominium-townhome units, and a non- residential condominium unit of approximately 10,000 square feet. The land use plan for the Assessment Area is found in Table 1.

Table 1. Summary of Assessment Area Land Use Plan

	Non-Residential SQFT	
Building 1	120	
Building 2	116	
Building 3	111	
Total	347	
Non-residential condominium SQFT *	10,000	

Development

Number of Residential Units /

Source: Landowner / Developer *estimated

CIP - Infrastructure Installation

The District will construct its CIP associated with the Assessment Area as outlined in the “Marina Pointe Engineer’s Report”, dated February 20, 2020 (the, “Engineer’s Report”), as prepared by Ardurra Group, Inc. (“District Engineer”). As outlined in the Engineer’s Report, the District will install, construct, acquire and otherwise finance all or a portion of the infrastructure necessary to serve the lands within the Assessment Area. The CIP is designed to benefit the lands within the Assessment Area as detailed in the Engineer’s Report. Cost estimates for the CIP, taken from the Engineer’s Report, and are presented in Table 2.

Table 2. Summary of CIP Cost Estimates

Infrastructure Component (1)
Stormwater Management System	Total Estimated Costs
$650,000	
Revetment	$4,653,260	
Earthwork	$750,000	
Roadway	$390,000	
Water and Wastewater Utilities	$515,000	
Site Hardscape-Landscape-Irrigation	$1,250,000	
Recreational Walkway	$500,000	
Guard House	$125,000	
Land Acquisition	$0	
Work Product	$500,000	
Contractor Contingency	$279,998	
Construction Management Fee	$336,464	
Insurance & P&P Bond Premium	$279,338	
Total	$10,229,060	
Source: Ardurra Group, Inc.
Any costs outlined in the Engineer's Report not funded with bond proceeds will be funded via a Funding Agreement.

Requirements of a Valid Assessment Methodology

PFM Financial Advisors LLC (“PFM FA”) is providing assessment consulting services to the District. In PFM FA’s experience, there are two primary requirements for special assessments to be valid under Florida law. First, the properties assessed must receive a special benefit from the improvements paid for via the assessments. Second, the assessments must be fairly and reasonably allocated to the properties being assessed. If these two characteristics of valid special assessments are adhered to, Florida law provides some latitude to legislative bodies, such as the District’s Board of Supervisors, in approving special assessments. Indeed, Florida courts have found that the mathematical perfection of calculating special benefit is impossible, and, accordingly, a special assessment is valid as long as there is a logical relationship between the services provided and the benefit to real property. A court must give deference to the District’s determinations regarding the levy of special assessments, and such special assessments are only invalid if the District’s determinations are found to be arbitrary.

Special Benefits and General Benefits

Improvements undertaken by the District create both special benefits and general benefits to property owners located within and surrounding the District. However, in PFM FA’s opinion, the general benefits to the public at large are incidental in nature and are readily distinguishable from the special benefits which accrue to property located within the Assessment Area. It is the District’s CIP that enables

properties within the Assessment Area’s boundaries to be developed. Without the District’s CIP there would be no infrastructure to support development of land within the Assessment Area. Without these improvements, development of property in the District would not be permitted. The new infrastructure improvements included in the CIP create both: (1) special benefits to the developable property within the Assessment Area and (2) general benefits to other properties within the District and properties outside the District. However, as discussed below, these general benefits are incidental in nature and are readily distinguishable from the special benefits which accrue to the developable property within the Assessment Area. The CIP described in the District Engineer’s Report enables the developable property within the Assessment Area to be developed. Without the CIP, there would be no infrastructure to support development of the developable property within the Assessment Area.

Special Benefits Provided by CIP Components

Roadway Improvements
The roadway improvements will provide ingress and egress to residents and landowners, access to District residential properties, and connections to existing roadways in the area, as outlined in more detail in the Engineer’s Report. The roadway costs also include on-street parking, bicycle lanes, and sidewalks planned for the Assessment Area. Some of the special benefits provided to properties within the Assessment Area by the roadway improvements are added accessibility to the property, added use of the property, added enjoyment of the property, and the probability of increased marketability and value of the property. Further, roadway improvements are required by state regulatory agencies and the local municipality prior to or simultaneous with any development of property within the Assessment Area.

Stormwater Management and Seawall Revetment System
The District’s stormwater management system consists of water retention ponds, roadway inlets, collector pipes, manholes, seawall revetment, and other improvements providing benefits to properties by effectively draining and dispersing stormwater runoff. Some of the special benefits provided to properties within the Assessment Area by the stormwater management system are the added use of the property, increased sanitary conditions of the property, flood mitigation, protection of the environment, lateral support, and the probability of increased marketability and value of the property. Further, stormwater management improvements are required by state regulatory agencies and the local municipality prior to or simultaneous with any development of property within the Assessment Area.

Utility System Improvements
The District’s utility system includes a series of interconnected and looped water mains connecting to an extension of the major distribution system from an existing water treatment plant. This water distribution system delivers potable water and fire protection water to the properties within the Assessment Area. The CIP also includes a water distribution system used to deliver reclaimed water to common area properties for irrigation purposes.

As stated in the Engineer’s Report, a land acquisition will also be a part of the CIP, provided such land acquisition will not be funded with proceeds from the District bonds. The Developer intends to contribute to the District legal title to the road right-of-way for Eventide Drive in lieu of any debt special assessments on the non-residential condominium square feet, as further discussed below. Easement right and/or land acquisition are necessary for the project to be developed and thus benefits lands within the Assessment Area, like other CIP components. The District will provide sanitary sewer facilities including lift stations, gravity collection systems, and sanitary force mains. Some of the special benefits provided to properties within the Assessment Area by the water and sewer utility improvements are the added use of the property, added enjoyment of the property, increased sanitary conditions of the property, protection of the environment, and the probability of increased marketability and value of the property. Further, these utility improvements are required by state regulatory agencies and the local municipality prior to any development of property within the Assessment Area.

Landscaping and Irrigation Improvements
The landscaping and irrigation estimates include landscape, streetscape, hardscape, signage, monumentation, and other common area improvement costs including the irrigation systems required to support such improvements. These improvements provide for the safety and added enjoyment of the property and the probability of increased marketability and value of the property. Further, many of these landscape and irrigation improvements are required by state regulatory agencies and the local municipality prior to or simultaneous with any development of property within the Assessment Area.

Demonstration of Benefit

As shown in Table 2, the estimated cost of the CIP is $10,229,060 as provided by the District Engineer. The District plans to issue bonds to fund a portion of these costs, with total bond principal to fund all of the CIP estimated at $13,310,000 (Table 3). Following the installation of the District’s CIP (as outlined in the Engineer’s Report), there are an estimated 8.53 acres within the Assessment Area. Therefore, the average cost of the District’s CIP, per assessable acre, is $1,559,827 on an as-financed basis. According to data from the Hillsborough County Property Appraiser (“PA”), the fair market value of the unimproved land in the Assessment Area currently averages $405,353 per acre. Therefore, as illustrated in Table 3, the total cost of the land with the proposed improvements implemented is approximately $1,965,179 per acre.

Based on the land development plan and information from the current landowner New Port Tampa CDD Holdings, LLC, the estimated average value of an ERU to be developed in the District is $700,000. PFM FA’s experience suggests that the typical relationship between the total price of a new multi-family for- sale residential unit and its finished lot is approximately 15%. So, the average finished lot in the District is expected to have a market value of $105,000. The land use plan anticipates a density of 40.7 units per assessable acre. Therefore, the average value per acre for properties developed into units is

$4,269,893. Thus, the estimated net special benefit to District lands is $2,304,714 per acre. In other words, the installation of the CIP is expected to increase the estimated market value of the land within the Assessment Area in excess of the cost of the assessments. Table 3 summarizes the estimation of special benefit on a per acre basis.

Table 3. Demonstration of Special Benefit for Properties in the District

Category	Amount	
Maximum Bonds Necessary to Fund CIP	$13,310,000	
Assessable Acres within District	8.53	
CIP Financed Cost Per Assessable Acre	$1,559,827	
Value of Unimproved Land/Acre*	$405,353	
Total Cost of Improved Land per Acre	$1,965,179	
Est. Avg. Value of Finished Home and Lot	$700,000	
Value of Lot @ 15%	$105,000	
Density/Acre	40.67	
Est. Value of Finished Lots/Land per Acre	$4,269,893	
Net Benefit per Acre from CDD Improvements	$2,304,714	
*Based on the 2018 assessed value of all assessable District land provided by the Hillsborough County Property Appraiser. Source: Ardurra Group, Inc. and PFM Financial Advisors LLC

It’s worth noting in the alternative that, regardless of the expected estimated increase in market value, the benefit to lands within the District is equal to at least the estimated cost of the CIP plus financing costs and interest. Thus, the assessments, which will be no greater than the cost of the CIP plus financing costs and interest, are necessarily supported by sufficient benefit provided by the CIP and the financing structure.

2.0	CIP Plan of Finance

The District intends to finance the majority of its CIP by issuing bonds. These bonds can be issued in multiple series. The District’s initial bond issuance is expected to be issued in the 2020 calendar year (“Series 2020 Bonds”) and will help fund the costs of the District’s infrastructure and improvements. A number of component funds comprise the total principal of the bonds to be issued by the District. These funds may include but are not limited to acquisition and construction, capitalized interest, a debt service reserve, underwriter’s discount, and issuance costs.

An estimate of the maximum bond principal required to fund the CIP is found in Table 4 as provided by PFM FA. As bonds are issued by the District over time, the District will adopt supplemental assessment methodology report(s) detailing the particulars of each specific bond issue. The supplemental report(s) will detail the terms, interest rates, and costs associated with a specific series of bonds. The supplemental report(s) will also detail the specific bond debt service assessments for properties that have been assessed to secure each bond issuance.

Table 4. Estimated District Bond Financing Details		

Bond Fund	Total Bonds
Value	
Construction/Acquisition Fund	$10,229,060	
Debt Service Reserve	$966,957	
Capitalized Interest	$1,597,200	
Costs of Issuance (Including Underwriter's Fee)	$516,200	
Contingency	$583	
Maximum Bond Principal	$13,310,000	

Average Annual Interest Rate:	
6.00%	
Term (Years):	30	
Capitalized Interest (Months):	24	
Maximum Net Annual Debt Service:	$966,957	
Maximum Gross Annual Debt Service (1):	$1,051,040	
Source: PFM Financial Advisors LLC
(1) Gross assessments represent the assessment placed on the County tax roll each year, if the District elects to use the Uniform Method of collecting non-ad valorem assessments authorized by Chapter 197 of the Florida Statutes. Gross assessments include an 8.0% gross-up to account for the fees of the County Property Appraiser and Tax Collector and the statutory early payment discount, which may vary from year to year.

Assessment Methodology

Assessment Foundation

The assessment methodology associated with the allocation of the costs of the CIP is a four-step process. First, the District Engineer determines the costs for the District’s infrastructure and related improvements. Second, an estimate of the amount of bonds required to finance the infrastructure improvements is calculated. Third, the District Engineer outlines which parcels benefit from the provision of each phase of infrastructure and improvements. Finally, the as-financed costs of the infrastructure and related improvements are allocated to the benefiting properties based on the approximate relative benefit each unit receives.

Allocation of Specific Assessments

The discussion offered below illustrates the process by which the District will allocate bond debt it incurs to fund its CIP. For purposes of this report, it is assumed that the District would issue no more than
$13,310,000 of bond debt to fund all or a portion of the CIP, is detailed in Table 4. The District’s bond debt will be secured primarily by special assessments allocated to properties in the District based on the proportional benefits that each property receives from the CIP.

As noted above, as long as two basic principles are adhered to, Florida law generally allows the District Board some latitude in determining the appropriate methodology to allocate the costs of its CIP to benefiting properties in the District. The two principles are: (1) the properties being assessed must receive a special benefit from the CIP and (2) the assessments allocated to each property must be fairly and reasonably apportioned among the benefiting properties.

In allocating special assessments to benefiting property, Florida governments have used a variety of methods including, but not limited to, front footage, area, trip rates, equivalent residential units (“ERU”), dwelling units, and acreage. Here, PFM FA has used single dwelling (or development) units as a basis for assigning debt assessments because each Development Unit is roughly the same size, and would benefit equally with all other Development Units from the District’s stormwater management system, utilities improvements, roadway improvements, etc.

That said, PFM FA did use ERUs as a basis of identifying the relative benefit from the CIP to the approximately 10,000 square feet of planned non-residential space. ERUs serve as a way of identifying relative benefit between or among different product types. Pursuant to that certain Development Acquisition and Advanced Funding Agreement (“Acquisition Agreement”) between the Developer and the District, the Developer will contribute right-of-way to the District as an offset against any debt assessment that would otherwise be levied against the non-residential space. For purposes of determining the minimum contribution to offset the debt assessment, PFM FA determined that all Development Units would receive a 1 ERU (consistent with the “single dwelling unit” methodology set forth in the preceding paragraph), while the non-residential space would receive 1 ERU per 2,000 square feet, or 5 ERUs in total for the planned 10,000 square feet of non-residential space.1 This determination of 1 ERU per 2,000 square feet is appropriate given the relative benefit compared to a residential unit as it relates to the special benefits described in Section 1.6. Based on that allocation, 10,000 square feet of non-residential space equates to $189,063 in benefit from the CIP. Consistent with the Acquisition Agreement, that benefit will be offset by the conveyance to the District of land from the Developer and/or other components of the CIP funded by the Developer.

1 Note that the actual non-residential space is expected to be just over 9,900 square feet, and the 10,000 square feet figure is a conservative estimate used just for purposes of this analysis.

Debt assessments are not being assigned to other components of the development as it relates to the common areas owned and operated by the condominium association, parking garages and the marina boat slips. The marina slips are outside the Assessment Area’s boundaries and beyond the authority of the District to assess. In the case of the non-residential condominium square feet and parking garages, debt assessments are not assigned as these are common elements that benefit the community at large.

Table 5 contains the allocation of the District’s CIP costs, as financed, to the Development Units planned for the Assessment Area. Table 6 shows the annual bond debt service assessments associated with the bond par allocations found in Table 5. Table 6 becomes important as each building is issued a certificate of occupancy (“CO”), as specific bond debt service assessments will be assigned to the individual Development Units at that time.

Table 5. Allocation of the Costs of the District’s CIP, as Financed

Development	Planned Units/SQFT	
ERU Factor	Planned
ERUs	Bonds Max Principal Assmt./
Category	Bonds Max Principal
Assmt./ Unit	
Building 1	120	1	120	$4,537,500	$37,813	
Building 2	116	1	116	$4,386,250	$37,813	
Building 3	111	1	111	$4,197,188	$37,813	
Non-residential SQFT	10,000	0.0005	5.0	$189,063	$18.91	
			352	$13,310,000		
Source: PFM Financial Advisors LLC

Table 6. Summary of Annual Assessments

Description	Planned	
Bonds Net Annual	Bonds Net Annual Assmt./	
Bonds Gross Annual	Bonds Gross Annual Assmt./	
	Units/SQFT	Assmt./ Category	Unit	Assmt./ Category (1)	Unit (1)	
Building 1	120	$329,644.44	$2,747	$358,309.17	$2,986	
Building 2	116	$318,656.29	$2,747	$346,365.53	$2,986	
Building 3	111	$304,921.10	$2,747	$331,435.98	$2,986	
Non-residential SQFT (2)	10,000	$13,735.18	$1.37	$14,929.55	$1.49	
Total		$966,957		$1,051,040		
Gross assessments represent the assessment placed on the County tax roll each year, if the District elects to use the Uniform Method of collecting non-ad valorem assessments authorized by Chapter 197 of the Florida Statutes. Gross assessments include a 6.0% gross-up to account for the fees of the County Property Appraiser and Tax Collector and the statutory early payment discount.
Due to a contribution of infrastructure, it is anticipated that no debt assessments will be imposed against the non-residential space Source: PFM Financial Advisors LLC

Assignment of Specific Assessments

Assessments securing bonds issued to fund District properties will be assigned in the following order:

Initially, prior to platting of the Assessment Area, debt assessments will be assigned to properties on an equal per-gross acre basis.
Then, upon platting of the Assessment Area, Lots 1 and 2 (which is the anticipated location of Building 1 and the first parking garage) will be assigned 120 Development Units, Lots 3 and 4 (which is the anticipated site of Building 2 and the second parking garage) will be assigned 116 Development Units, and Lot 5 (the anticipated site of Building 3) will be assigned 111 Development Units.
The final assignment of bond debt to specific Development Units does not take place until the land containing those Development Units is issued a CO for each Development Unit.

The specific bond debt assessment that is assigned to Development Units will be detailed in one or more future supplemental assessment reports, in accordance with the principles and allocations set forth in this Methodology, and based on final bond sizing. Properties slated for development will first be assigned bond debt service assessments by the District based on the amounts set forth in Table 6.

A lien for the bond debt necessary to finance the District’s CIP will be placed on all property within the Assessment Area at the time of the District’s bond issuance. This lien will be satisfied at some point in the future by payment for the debt assessments. For certain debt assessments (e.g., those associated with the non-residential square feet, as described herein), the Developer may elect to make a contribution of work product, improvements or land to offset the levy of debt assessments. Should the District not issue bonds to fully fund the costs of its CIP, the District can enforce a completion agreement with the developer(s), executed prior to the issuance of any bond debt, which requires the developer(s) to fund the balance of the CIP and contribute the improvements to the District. If the District’s CIP is revised at some point in the future such that less than the total CIP costs in Table 4 are required, the District may reallocate any preexisting bond debt service assessments providing security for the CIP to all developable and assessable properties within the Assessment Area pursuant to the assessment allocation principals outlined in this Methodology, or otherwise take appropriate action as permitted by law.

If all properties within the Assessment Area have been assigned bond debt service assessments such that the full par value of the District’s bonds are secured, and additional development occurs within the Assessment Area such that density is increased above the land uses shown in Table 1 (“New Development”), bond debt service assessments may be assigned to that New Development and all properties may receive a proportionate reduction in their bond debt service assessment, or the District may take other action as permitted by law. In the event that a unit owner has prepaid its debt assessment, the respective unit will not be included in the reassignment analysis.

True-Up Mechanism

Although the District does not process plats or issue COs, it does have an important role to play during the course of development. Whenever a parcel’s land use and development density and intensity is determined with sufficient certainty, the District must allocate a portion of its debt to the parcel according to the procedures outlined in Section 3.2 above. In addition, the District must also prevent any buildup of debt on land in the Assessment Area that has not yet been developed. Otherwise, the land in the Assessment Area could be fully subdivided without all of the debt being allocated. As the landowner(s)/developer(s) commences construction on the individual residential tower buildings it will submit final drawings and plans to the City to obtain applicable construction permits. At the time the construction permits are issued for a building the final construction drawings and plans (“Construction Plans”) will be submitted to the District to perform a test to ensure the debt is fairly allocated and does not exceed the ceiling level of debt allocated to that portion of the Assessment Area.

The ceiling level of debt is established at the time each series of bonds is issued. For example, the District may issue up to $13,310,000 in Bonds to fund the CIP. The debt ceiling on a Development Unit level is $37,813 per unit ($13,310,000 / 352), this ceiling level is based upon the best information available at the time of this report, is subject to change, and will only be finalized at the time of the District’s bond issuance.

As the developer is currently finalizing plans for Building 1 and the permits are anticipated to be issued in the near future, the true up test for Lots 1 and 2 (part of the first phase of development to include Building 1 and a parking garage) will be separate than the true up test for Lots 3-5 (Lot 3 is anticipated for Building 2, Lot 4 is anticipated for a parking garage, and Lot 5 is anticipated for Building 3).

True Up Test for Building 1 (Lots 1 and 2)

It is currently anticipated that Building 1 (Lot 1) will have 120 Development Units. If the Construction Plans show 120 Development Units for Building 1 then the landowner of Lots 1 and 2 will not owe any true up payments at that time. If the Development Units are less than 120 then the landowner will need to make a true up payment to ensure that the debt “Ceiling Level” for Building 1 illustrated in Table 7 below is not exceeded. Only upon (a) the recording of the Building 1 condo plat, (b) the issuance of all certificates of occupancy for Building 1, and (c) the assignment of sufficient debt assessments to individual units in Building 1 to ensure full payment of debt service on the debt associated with Building 1, will the landowner of Lots 1 and 2 be released from any true up obligations. If the Development Units are greater than 120 units, then the overall debt assessments allocated to Building 1 will be allocated equally across all Development Units in Building 1. In no event will the landowner of Lots 1 and 2 be obligated to make a true-up payment for debt assessment levels beyond what would be assigned to 120 Development Units.

True Up Test for Buildings 2 and 3 (Lots 3-5)

It is currently anticipated that Building 2 (Lot 3) will have 116 Development Units and Building 3 (Lot 5) will have 111 Development Units.

When Construction Plans are submitted for Building 2, the District will undertake a true up test to determine whether the Construction Plans show 116 Development Units and if they do then the landowner for Lots 3 and 4 will not owe any true up payments at that time. If they do not match, then the landowner(s) for Lots 3-5 will have the ability to change the Development Unit allocations per building by agreement with all remaining undeveloped lot owners and the District, provided that it doesn’t change any original allocation by more than 20%. If the landowners do not come to an agreement, then the landowner for Lots 3 and 4 may be obligated to make a true up payment to the District if necessary to ensure that the debt “Ceiling Level” for Building 2 illustrated in Table 7 below, is not exceeded, and based on the planned 116 Development Units for Building 2. Only upon (a) the recording of the Building 2 condo plat, (b) the issuance of all certificates of occupancy for Building 2, and (c) the assignment of sufficient debt assessments to individual units in Building 2 to ensure full payment of debt service on the debt associated with Building 2, will the landowner of Lots 3 and 4 be released from any true up obligations. In no event will the landowner of Lots 3 and 4 be obligated to make a true-up payment for debt assessment levels beyond what would be assigned to 116 Development Units, unless the landowners for Lots 3, 4 and 5 agree upon a different assignment (and provided that such agreement does not change the original 116 Development Unit assignment by more than 20%, as noted above).

When Construction Plans are submitted for Building 3, the District will undertake a true-up test to determine whether the Construction Plans show 111 Development Units for Building 3. If they do, then the landowner for Lot 5 will not owe any true up payments at that time. If they do not match, then the landowner(s) for Lots 3-5 will have the ability to change the Development Unit allocations per building by agreement with all remaining undeveloped lot owners and the District, provided that it doesn’t change any original allocation by more than 20%. If the landowners do not come to an agreement, then the landowner for Lot 5 will be obligated to make a true up payment to the District if necessary to ensure that the debt “Ceiling Level” for Building 3 illustrated in Table 7 below, is not exceeded, and based on the planned 111 Development Units for Building 3. Only upon (a) the recording of the Building 3 condo plat,
(b) the issuance of all certificates of occupancy for Building 3, and (c) the assignment of sufficient debt assessments to individual units in Building 3 to ensure full payment of debt service on the debt associated with Building 3, will the landowner of Lot 5 be released from any true up obligations. In no event will the landowner of Lot 5 be obligated to make a true-up payment for debt assessment levels beyond what would be assigned to 111 Development Units, unless the landowners for Lots 3, 4 and 5 agree upon a different assignment (and provided that such agreement does not change the original 111 Development Unit assignment by more than 20%, as noted above).

However, a true-up payment may be suspended at the District’s discretion. If the property owner can demonstrate to the District, and the District finds in its discretion (consistent with the opinion of the District Engineer), that all necessary land use approvals, including applicable zoning, can reasonably and economically support development totaling greater than or equal to 227 units associated with Building 2 and Building 3 on the remaining Assessment Area, a true-up payment may be suspended.

In the event that development rights of Development Units are transferred as part of a real estate transaction, a true-up will apply. For example, if development rights to Building 2 are sold with entitlements to develop 116 Development Units and based upon the Construction Plans only 115 units are planned, the District can require a true up payment in the amount of one Development Unit ($37,813).

4.0	Contribution of District Infrastructure and/or Improvements

The costs of the District’s CIP will likely be funded by two mechanisms. The first mechanism is the issuance of special assessment bonds. The second mechanism is the contribution of funds or CIP components to the District (“Contribution”). Property owners within the Assessment Area will have the opportunity to make such a Contribution upon approval by the District.

A District property owner’s Contribution will give rise to assessment credits that can be applied by the property owner to reduce or eliminate bond debt service assessments that would otherwise be assigned to lands within the Assessment Area to fund the costs of the CIP. Prior to a property owner reducing or eliminating bond debt service assessments through a Contribution, it must be shown that the improvements funded or contributed by the property owner are a component of the CIP, as outlined in the Engineer’s Report. The property owner will be permitted to apply assessment credits equal to the value of the Contribution plus the costs of financing the improvement(s) that would otherwise have been incurred by the District if the District were required to issue bonds to fund or acquire the improvement(s) (such that the property would not be responsible for bond financing costs if the Contribution was made prior to the District’s issuance of special assessment bonds). A property owner possessing assessment credits due to a Contribution will, in the District’s discretion, have the opportunity to use the assessment credits to adjust bond debt service assessment levels of Development Units.

Any such agreement for a Contribution must be made with the District prior to the issuance of any bond debt. At this time, the only planned Contribution is for the planned non-residential square feet, and that Contribution is the subject of the Acquisition Agreement, as described above.

5.0	Assessment Roll

Table 8 outlines the maximum bond principal assessment per acre for the planned development for the lands within the Assessment Area. A description of the land within the Assessment Area, which will be assessed to secure the repayment of the District’s bonds, is found in Exhibit “A”, below. The assessments shall be paid in not more than thirty (30) annual installments. It is PFM FA’s opinion that the assessments, as presented herein, are supported by sufficient benefit from the CIP and are fairly and reasonably allocated across all benefitted property within the Assessment Area.

Table 8. Assessment Roll

Parcel ID Numbers	
Assessable Acreage*	
Bond Principal Assessment	Bond Principal Assessment per
Acre	Net Total Bond Annual Assessment	Net Annual Assessment
per Acre	Bond Gross
Annual Assessment (1)	Bond Gross Annual Assessment per
Acre (1)	
“Exhibit A”	8.533	$13,310,000	$1,559,827	$966,957	$113,320	$1,051,040	$123,174	
TOTAL	8.533	$13,310,000	$1,559,827	$966,957	$113,320	$1,051,040	$123,174	
Source: PFM Financial Advisors LLC
*Source: Landowner/Developer and District Engineer

EXHIBIT “A”
LEGAL DESCRIPTION OF ASSESSMENT AREA
A PARCEL OF LAND BEING A PORTION OF GOVERNMENT LOTS 1 AND 2 IN SECTION 8, TOWNSHIP 30 SOUTH, RANGE 18 EAST, CITY OF TAMPA, HILLSBOROUGH COUNTY, FLORIDA, TOGETHER WITH FILLED LAND LYING WATERWARD OF SAID GOVERNMENT LOTS 1 AND 2, AND ALL OF TRACTS A AND D, WESTSHORE MARINA DISTRICT PHASE 1, ACCORDING TO PLAT BOOK 128, PAGE 252 OF THE PUBLIC RECORDS OF HILLSBOROUGH COUNTY, FLORIDA, ALL BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:

BEGINNING AT THE NORTHEAST CORNER OF TRACT D, WESTSHORE MARINA DISTRICT PHASE 1, ACCORDING TO PLAT BOOK 128, PAGE 252 OF THE PUBLIC RECORDS OF HILLSBOROUGH COUNTY, FLORIDA; THENCE SOUTH 00°37'52" WEST, ALONG THE EAST LINE OF SAID TRACT D, A DISTANCE OF 219.09 FEET TO THE NORTH LINE OF TRACT A, SAID WESTSHORE MARINA DISTRICT PHASE 1; THENCE NORTH 78°37'54" EAST, ALONG SAID NORTH LINE, A DISTANCE OF 309.79 FEET TO A POINT ON A CURVE TO THE LEFT; THENCE  NORTHEASTERLY
49.57 FEET ALONG THE ARC OF SAID CURVE, SAME BEING SAID NORTH LINE, HAVING A RADIUS OF 50.00 FEET, A CENTRAL ANGLE OF 56°48'29", AND A CHORD BEARING AND DISTANCE OF NORTH 50°13'39" EAST 47.57 FEET TO A POINT ON A NON-TANGENT CURVE TO THE LEFT SAME BEING A POINT ON THE WEST RIGHT-OF-WAY OF SOUTH BRIDGE STREET ACCORDING TO SAID WESTSHORE MARINA DISTRICT PHASE 1; THENCE SOUTHERLY
75.76 FEET ALONG THE ARC OF SAID CURVE, SAME BEING SAID WEST RIGHT-OF-WAY, HAVING A RADIUS OF
87.00 FEET, A CENTRAL ANGLE OF 49°53'30", AND A CHORD BEARING AND DISTANCE OF SOUTH 03°07'20" EAST
73.39 FEET TO THE SOUTH LINE OF AFORESAID TRACT A; THENCE SOUTH 78°37'54" WEST, ALONG SAID SOUTH LINE, SAME BEING THE NORTH LINE OF WESTSHORE MARINA DISTRICT PHASE 2, ACCORDING TO PLAT BOOK 130, PAGE 69 OF THE PUBLIC RECORDS OF HILLSBOROUGH, COUNTY, FLORIDA, A DISTANCE OF 296.34 FEET TO THE WEST LINE OF SAID WESTSHORE MARINA DISTRICT PHASE 2; THENCE SOUTH 00°00'00" EAST, ALONG SAID WEST LINE, A DISTANCE OF 48.13 FEET TO THE FACE OF AN EXISTING SEAWALL; THENCE ALONG SAID SEAWALL FACE THE FOLLOWING TWENTY-SIX (26) COURSES: (1) SOUTH 01°25'04" EAST, A DISTANCE OF 18.79 FEET; (2) NORTH 89°38'40" WEST, A DISTANCE OF 351.83 FEET; (3) NORTH 01°03'56" WEST, A DISTANCE OF
16.88 FEET; (4) NORTH 89°43'09" WEST, A DISTANCE OF 351.42 FEET; (5) NORTH 86°54'20" WEST, A DISTANCE OF 29.07 FEET; (6) NORTH 88°48'43" WEST, A DISTANCE OF 144.89 FEET; (7) SOUTH 89°27'26" WEST, A DISTANCE OF 35.89 FEET; (8) NORTH 88°14'32" WEST, A DISTANCE OF 74.27 FEET; (9) NORTH 87°07'26" WEST, A DISTANCE OF 19.11 FEET TO A POINT ON A NON-TANGENT CURVE TO THE RIGHT; (10) NORTHWESTERLY 12.90 FEET ALONG THE ARC OF SAID CURVE, HAVING A RADIUS OF 23.20 FEET, A CENTRAL ANGLE OF 31°51'40", AND A CHORD BEARING AND DISTANCE OF NORTH 59°03'50" WEST 12.73 FEET; (11) NORTH 49°47'57" WEST, A DISTANCE OF 10.35 FEET; (12) NORTH 43°56'56" WEST, A DISTANCE OF 118.37 FEET; (13) NORTH 01°31'01" EAST, A DISTANCE OF 171.61 FEET; (14) NORTH 20°34'18" WEST, A DISTANCE OF 36.30 FEET; (15) NORTH 22°11'54" WEST, A DISTANCE OF 19.38 FEET; (16) NORTH 19°11'41" WEST, A DISTANCE OF 48.54 FEET; (17) NORTH 01°57'42" EAST, A DISTANCE OF 248.87 FEET; (18) NORTH 87°28'06" WEST, A DISTANCE OF 3.00 FEET; (19) NORTH 02°08'22" EAST, A DISTANCE OF 28.87 FEET; (20) SOUTH 87°27'22" EAST, A DISTANCE OF 42.86 FEET;
(21) SOUTH 01°56'18" WEST, A DISTANCE OF 95.82 FEET; (22) SOUTH 87°42'14" EAST, A DISTANCE OF 20.18 FEET; (23) SOUTH 01°55'38" WEST, A DISTANCE OF 192.38 FEET; (24) SOUTH 88°00'29" EAST, A DISTANCE OF
50.79 FEET; (25) SOUTH 01°53'17" WEST, A DISTANCE OF 39.67 FEET; (26) SOUTH 89°18'37" EAST, A DISTANCE OF 913.43 FEET TO A POINT ON THE WEST LINE OF TRACT B, AFORESAID WESTSHORE MARINA DISTRICT PHASE 1; THENCE SOUTH 00°41'39" WEST, ALONG SAID WEST LINE, A DISTANCE OF 3.61 FEET TO THE SOUTH LINE OF SAID TRACT B; THENCE SOUTH 89°17'44" EAST, ALONG SAID SOUTH LINE, A DISTANCE OF 64.70 FEET TO THE POINT OF BEGINNING.

CONTAINING 8.533 ACRES.

0

EXHIBIT “B”

MARINA POINTE
A REPLAT OF PORTIO l>IS,   OF WESTSHORE MARl l>IA DIS TRICT  PHASE 1 AS RECORDED 11>1 PLAT BOOK 128, PAGE 252, OF THE PUBLIC RECORDS OF HILLSBOROUGH COUl>ITY, FLORIDA , At>ID PORTIONS OF GOVERNME!NT  LOTS 1 At>ID 2, LYING IN SECTION 8, TOWN SH IP JC SOUTH, RANGE 18 EAST, CITY OF TAMIPA , HI LLSB OROUGH CO UNTY , FL ORIDA

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MARINA POINTE PLAT (VIA DISTRICT ENGINEER)

New Port-Tampa Bay  Community Development District

Ratification/Consideration of Payment Authorization FY2020-26 – 2020-27

NEW	PORT TAMPA BAY COMMUNITY	DEVELOPMENT	DISTRICT

Payment Authorization 26
1/29/2020

--------

PAYMENT AUTHORIZATION ONLY· NO FUNDING NEEDED    	

Item	Payee	Invoice#	FY20	
No.				
1	Florida Department of State			
	Annual Report	6184023410CC	$	138.75	
2	PFM Group Consulting, LLC			
	District Management Fee Dec 2019	DM-12-2019-0043	$	1,041.67	
	Website Fee Dec 2019	DM-12-2019-0044	$	100.00	
	District Management Fee Jan 2020	DM-01-2020-0043	$	1,041.67	
	Website Fee Jan 2020	DM-01-2020-0044	$	100.00	
	Postage Oct 2019	OE-EXP-00508	$	2.50	
3	Straley Robin Vericker			
	District counsel thru 12/15/19	17869	$	2,068.20	
4	Tampa Bay Times			
	Finance Charge	FC-95188	$	10.23	
			$	4,503.02	

 	TOTAL	$	4,503.02

 	-	
Secretary I Assistant Secretary

1/19/2020	Index

Florida Department of State
Division  of Corporations

* L 1 3 0 0 0 0 2 4 5 6 5 C 6 1 6 4 0 2 3 4 1 0 C C *

11U	U UII	II111111111111111	111 IU I

Plea e print and return this page, along with your check or money order, to the Division of Corporations.

_ JQ20 Annual Report Payment Voucher

Name of Entity: NEW PORT TAMPA CDD HOLDINGS, LLC

Document Number: L13000024565 t'rracldng Number: 6184023410CC t: ertificate of Status: No
rl'otal Amount Due: $138.75

11 Please make check, or money order payable to: Florida Department of State
Remove the check stub, if applicable
11 Staple check in the top left hand corner of this voucher
11 Mail to: Division of Corporations, PO. Box 6198, Tallahassee, FL 32314

For Office Use Only

This voucher and check must be received and processed by the Division of Corporations or postmarked by May 1, 2020 to avoid the $400 late fee.

The document is not considered filed until the voucher and payment have been received and processed by this office.

Daytime telephone number for possible processing questions:

**If mailing address has changed, please list below**

MAILING ADDRESS	CITY	ST	ZIPCODE

https://services.sunbiz.erg/Filings/AnnualReport/FilingVoucher/l13000024565-2266096b-45eb-4d44-9b2c-43605607edd1	1/1

Jennifer Glasgow

From: Sent: To: Subject:

Monica Sutera
Monday, January 13, 2020 2:32 PM Jennifer Glasgow
FW: OFFICIAL FINAL NOTICE: INTENT TO ADMINISTRATIVELY DISSOLVE OR REVOKE L13000024565

-----Original Message-----
From: FL_DOS_Corporations@dos .state.fl.us [mailto:FL_DOS_Corporations@dos.state.fl.us] Sent: Saturday, January 11, 2020 4:39 PM
To: Monica Sutera <suteram@pfm.com>
Subject: OFFICIAL FINAL NOTICE: INTENT TO ADMINISTRATIVELY DISSOLVE OR REVOKE L13000024565

EXTERNAL EMAIL: Use care with links and attachments.

NEW PORT TAMPA CDD HOLDINGS, LLC L13000024565

Your 2020 Annual Report is now due. Annual reports for all corporations, limited liability companies, limited partnerships and limited liability limited partnerships are due each year between January 1st and May 1st. An annual report is a required report that is used to update or confirm the Florida Department of State, Division of Corporations' records . It is not a financial statement.

An annual report must be filed each year for your business entity to maintain an active status with the Department of State, and is required regardless of whether you need to make changes or not. All annual reports must be filed online at www.sunbiz.org..

Click on Annual Report under Filing Services to complete your filing. Data displayed on the online annual report form is the most current data on file with this division. Please review your data carefully and make changes where necessa ry. Filing instructions are available on the website, and you may pay by credit card, check or through a prepaid Sunbiz E-File Account.

Remember to file on or before May 1st. It is easy, quick and secure! A $400 non-negotiable late fee will be imposed on any profit corporation, limited liability company, limited partnership and limited liability limited partnership annual report filed after midnight Eastern Standard Time on May 1st. Non-profit corporations are not subject to the $400 late fee. Any business entity which fails to file its annual report by the third Friday of September will be administratively dissolved or revoked in our records on the fourth Friday in September.

Administrativelydissolved or revoked entities may be reinstated by submitting a reinstatement application and paying all associated fees, which include the reinstatement fee and annual report fees due, at the time of submission.

Sunbiz.org remains the only official website of the Department of State, Division of Corporations. You will know you are in the right place when you see our official Sunbiz.org logo and header identifying the website as an official State of Florida website.

File Early, Florida!

1

pfm
BIii To:

New Port Tampa Bay CDD
c/o PFM Group Consulting District Accounting Department
12051 Corporate Blvd
Orlando, FL 32817
 United States of America	

Remittance Options:
�.wt	�

RE:	District Management Fee: December 2019

Total Amount Due

Date	Invoice Number
December 30, 2019	DM-12-2019-0043
Payment Terms	Due Date
Upon Receipt	December 30, 2019

Company Address:	
1735 Market Street 43rd Floor Philadelphia, PA 19103
+1 (215) 567-6100
Federal Tax ID: 81-1642478

'!lia...Ml!i1.;
PFM Group Consulting LLC PO Box 65126
Baltimore, MD 21264-5126
United States of America

$1,041.67

of	1

pfm
BIii To:

New Port Tampa Bay COD
c/o PFM Group Consulting District Accounting Department
12051 Corporate Blvd
Orlando, FL 32817 United States or America

Date	Invoice Number
December 30, 2019	DM-12-2019-0044
Payment Terms	Due Date
Upon Receipt	December 30, 2019

Company Address:
1735 Market Street 43rd Floor Philadelphia, PA 19103
+1 (215) 567-6100
Federal Tax ID: 81-1642478

Remittance Options:
�(preferredI·

RE:	Website Fee - December 2019

Total Amount Due

�	�
PFM Group Consulting LLC PO Box 65126
Baltimore, MD 21264-5126
United States of America

1	of	1

pfm
Bill To:

New Port Tampa Bay CDD
c/o PFM Group Consulting District Accounting Department
12051 Corporate Blvd
Orlando, FL 32817
 United States of America	

Remittance Options:
Via ACH (preferred)·	.Yill...Wm.

RE:	District Management Fee: January 2020

Total Amount Due

Date	Invoice Number
January 30, 2020	DM-01-2020-0043
Payment Terms	Due Date
Upon Receipt	 	January 30, 2020	

  Company  Address:	
1735 Market Street 43rd Floor
Philadelphia, PA 19103
+1 (215) 567-6100
Federal Tax ID:81-1642478

'iill.Mai];__
PFM Group Consulting LLC PO Box 65126
Baltimore, MD 21264-5126
United States of America

$1,041.67

of

pfm
Bill To:

New Port Tampa Bay COD
c/o PFM Group Consulting District Accounting Department
12051 Corporate Blvd
Orlando, FL 32817
United States of America

Date	Invoice Number
January 30, 2020	DM-01-2020-0044
Payment Terms	Due Date
Upon Receipt	January 30, 2020

Company Address:
1735 Market Street 43rd Floor
Philadelphia, PA 19103
+1 (215) 567-6100
Federal Tax ID: 81-1642478

Remittance Options:
Yia AQHCQWleriecU;

RE:	Website Fee - January 2020

Total Amount Due

�	�
PFM Group Consulting LLC
PO Box 65126
Baltimore, MD 21264-5126 United States of America

of

Date	Invoice Number	
November 23, 2019	OE-EXP-00508	
Payment Terms	Due Date	
Upon Receipt	November 23, 2019	

pfm

Bill To:

New Port Tampa Bay CDD
c/o PFM Group Consulting District Accounting Department
12051 Corporate Blvd
Orlando, FL 32817
United States of America	

Remittance Options:
Via ACH (preferred}·	Via Wire•

RE:	Oct 2019 Postage -$2.50

Total Amount Due

Company Address:
1735 Market Street 43rd  Floor Philadelphia, PA 19103
+1 (215) 567-6100
Federal Tax ID: 81-1642478

ViaMait..
PFM Group Consulting LLC
PO Box 65126
Baltimore, MD 21264-5126 United States of America

RECEIVED DEC 2 3 2019

of

Straley Robin Vericker
1510 W. Cleveland Street Tampa, FL 33606
Telephone (813) 223-9400 * Facsimile (813) 223-5043
Federal Tax Id. - 20-1778458

NEW PORT TAMPA BAY CDD
c/o PFM GROUP CONSULTING, LLC 12051 CORPORATE BOULEVARD
ORLANDO, FL 32817

December 27, 2019
Client:	001272
Matter:	000001
Invoice#:	17869
Page:

RE: GENERAL
For Professional Services Rendered Through December 15, 2019

SERVICES		

Date	
Person	
Description of Services	
Hours	
11/19/2019	VKB	TELECONFERENCE WITH K. MAYS RE: LEASE WITH	3.7	
		PORT AUTHORITY AND DOCKS AND PUBLIC		
		INFRASTRUCTURE; REVIEW FILES RE: SAME;		
		FOLLOW UP WITH TRUSTEE RE: STATUS OF DWAC		
		OF CANCELED BONDS; PREPARE FOR AND ATTEND		
		LANDOWNER ELECTION AND BOARD MEETING;		
		CONFERENCE WITH D. LOCHER, V. RIPOLL, AND V.		
		CARVALHO RE: AGREEMENT WITH MASTER HOA		
		AND INSURANCE.		
11/20/2019	TJR	REVIEW REQUEST FROM CHIEF INSPECTOR	1.2	
		GENERAL RE AUDIT CONDITIONS OF FINANCIAL EMERGENCY; DRAFT LETTER TO AUDITOR		
		GENERAL; CONTACT DISTRICT MANAGER FOR FY		
		2018 AUDIT.		
11/21/2019	TJR	REVIEW FY 2017-2018 AUDIT; FINALIZE LETTER TO	0.7	
		CHIEF INSPECTOR GENERAL.		
11/21/2019	VKB	REVIEW AND REVISE RESPONSE TO LETTER FROM	0.6	
		CHIEF INSPECTOR GENERAL; PREPARE FOR AND		
		ATTEND CONFERENCE CALL WITH K. MAYS, M.		
		POROSOFF, C. TANNER, AND C. VARN RE: LEASE		
		WITH PORT AUTHORITY AND DOCKS, REVETMENT,		
		AND PUBLIC INFRASTRUCTURE.		
11/25/2019	VKB	REVIEW AND REPLY TO EMAIL FROM K. MAYS RE:	0.2	
		BOND CANCELLATION TRANSACTION AND PHASE 3		
		PROPERTY OWNER.		
12/2/2019	VKB	REVIEW AND REPLY TO EMAIL FROM V. CARVALHO	0.2	
		RE: CHIEF INSPECTOR GENERAL'S DETERMINATION		
		OF NO STATE OF FINANCIAL EMERGENCY FOR CDD.		

December 27, 2019
Client:	001272
Matter:	000001
Invoice#:	17869
Page:	2
SERVICES
Date	Person	Description of Services	Hours
12/4/2019	LB	REVIEW INFORMATION ON NEWLY APPOINTED	0.6
BOARD OF SUPERVISOR MEMBER; PREPARE LETTER, MEMO AND PACKAGE TO B. MROCZKOWSKI, NEWLY APPOINTED SUPERVISOR RE FLORIDA'S SUNSHINE LAWS, TEXTING AND PUBLIC RECORDS.
12/11/2019	VKB	REVIEW EMAILS RE: SALE OF RETAIL PIECE TO	0.2
DEVELOPER AND CDD ASSESSMENTS.
Total Professional Services	7.4	$2,064.50

PERS©N RECAP

Person		Hours	Amount	
TJR	Tracy J. Robin	1.9	$627.00	
VKB	Vivek K. Babbar	4.9	$1,347.50	
LB	Lynn Butler	0.6	$90.00	

RSEMENTS

Date	Description of Disbursements		Amount	
12/4/2019	Postage		$1.45	
12/13/2019	Photocopies (15@ $0.15)		$2.25	
		
Total Disbursements	$3.70	

December 27, 2019
	Client:	001272	
	Matter:	000001	
	Invoice #:	17869	
	
Page:	
3	

Total Services	

$2,064.50		
Total Disbursements	$3.70		
Total Current Charges		$2,068.20	
Pt4l ' nos AMOUNT		
$2,068.20	

Please Include Invoice Number on all Correspondence

ADVERTISING STATEMENT AND INVOICE	Page 1 of 1

Current Period	30 Da s	60 Da s	90 Das	Over 120 Da s	Una lied	Total Amount Due	
$10.23	$248.50	$682.00	$0.00	$0.00	$0.00	$940.73	

FOR BILLING INQUIRIES CONTACT:
Credit Dept (727) 893-8282 credit@tampabay  .com Account Rep: User Unassigned Account Rep #:

Fed Tax ID	59-0482470
Times Publishing Company PO Box 112
St Petersburg, FL 33731

Billin   Period	Account Number	Advertiser Name	A  enc   Number	A enc Name
12/ 1/19 -	72146	NEW PORT TAMPA BAY
12/31/19

Start	
Stop	
Ad Number	
Placement	
Product	Description PO Number	
Ins.	
Size	
Net Amount	

12/31/19	

12/31/19	

FC-95188			
Balance Forward FINANCE CHG			
$930 50

$10 23	

PLEASE DETACH AND RETURN LOWER PORTION WITH YOUR REMITTANCE

atnpaB

	Billing Date	I	Billing Period	I	Advertiser Name	
	12/31/2019	I 12/ 1/19 - 12/31/19 I NEW PORT TAMPA BAY	
Account Number	A9encv Number	Total Amount Due	Current Period	Terms of Pavment	
72146		$940.73	$10.23	Net 30 Days	
30 Days	60 Days	90 Days	Over 120 Days	Unapplied	
$248.50	$682.00	$0.00	$0.00	$0.00	
	Due Date	01/31/2020	Amount Paid		

ay ijC·hnc s
tampabay.com

NEW PORT TAMPA BAY
C/O PFM GROUP CONSULTING, LLC 12051 CORPORATE BLVD

ORLANDO, FL 32817

PLEASE WRITE ACCOUNT NUMBER ON CHECK

PLEASE REMIT PAYMENT TO:
Times Publishing Company DEPT 3396
PO BOX 123396
DALLAS, TX 75312-3396

NEW	PORT TAMPA BAY COMMUNITY	DEVELOPMENT	DISTRICT

Payment Authorization 27
2/27/2020

 	PAYMENT AUTHORIZATION ONLY• NO FUNDING NEEDED

Item	Payee	Invoice#	FY20
No.		

1	
PFM Group Consulting, LLC		
	Billable Expenses: February  2020 District Management Fee: February 2020 Website Fee: February 2020 Postage/FedEx: November 2019
Postage: December 2019
Postage: January 2020	108442	$	265.50
DM-02-2020-0043	$	1,041.67
DM-02-2020-0044	$	100.00
OE-EXP-00570	$	19.05
OE-EXP-00627	$	0.50
OE-EXP-00685	$	8.50	
2	Straley Robin Vericker		
	District counsel thru 01/15/20	17979	$	1,237.50	

$	2,672.72

 	TOTAL	$	2,672.72

Secretary I Assistant Secretary

NEW PORT TAMPA BAY COMMUNITY DEVELOPMENT DISTRICT

WESTSHORE MARINA DISTRICT PHASE 1 MASTER INFRASTRUCTURE IMPROVEMENTS PAYMENT AUTHORIZATION

The undersigned, the Project Manager of the New Port Tampa Bay Development District's (the "District's") Westshore Marina District Phase 1 Master Infrastructure Improvements hereby submits the following payment authorization for disbursement:

A. Payment Authorization Number:	173	
B. Name of Payee:	CIMA Energy Solutions, LLC	
C. Payee's Invoice Number(s):	93373999	
D. Amount Payable:	$7.11	

The undersigned hereby certifies that:

1.		Obligations reflected in the amount set forth above have been validly incurre.d by the District, and

3.	The disbursement set forth above was incurred in connection with the District's Westshore Marina District Phase 1 Master Infrastructure Improvements

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

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.

Attached hereto are originals of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested.

NEW PORT TAMPA BAY CDD

BOARD MEMBER ACKNOWLEDGEMENT AND

NT

Signed: ---==Jjl-_\_,.. 	 _	_	_	_	_

VP of Design & Construction

Printed Name: Drew-=L--o'-c-=h-=er------	-
Date:  	

Printed Naml Kei,,in Mays  	

r>�

Date:	>  	

NEW PORT TAMPA BAY COMMUNITY DEVELOPMENT DISTRICT

WESTSHORE MARINA DISTRICT PHASE 1 MASTER INFRASTRUCTURE IMPROVEMENTS PAYMENT AUTHORIZATION

The undersigned, the Project Manager of the New Port Tampa Bay Development District ' s (the "District's") Westshore Marina District Phase 1 Master Infrastructure Improvements hereby submits the following payment authorization for disbursement:

Payment Authorization Number:
Name of Payee:
Payee's Invoice Number(s):

Amount Payable:

The undersigned hereby certifies that:

174
TECO
Account 221003010701 ($679.67)
Account 221003123215 ($134.14)
$813.81

1.	Obligations reflected in the amount set forth above have been validly incurred by the District, and

3.	The disbursement set forth above was incurred in connection with the District's Westshore Marina District Phase 1 Master Infrastructure Improvements

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

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.

Attached hereto are originals of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested.

NEW PORT TAMPA BAY CDD

Signed: :t?L
VP of Design & Construction

BOARD MEMBER ACKNOWLEDGEMENT AND

9---oliJ .,c-i,,.u:..q,T

Printed N amrKr Mavs

Printed Name: =D-=r--e=-w""-=Loche=-r Date:	 ,	$'. 'Z-oLO

-	-	-	-	-	-

Date :	3	2tJ2o

New Port-Tampa Bay Community Development District

Ratification/Consideration of Westshore Marina District Phase 1 Master Infrastructure Improvements Payment Authorization Nos. 169-172

NEW PORT TAMPA BAY COMMUNITY DEVELOPMENT DISTRICT

WESTSHORE MARINA DISTRICT PHASE 1 MASTER INFRASTRUCTURE IMPROVEMENTS PAYMENT AUTHORIZATION

The undersigned, the Project Manager of the New Port Tampa Bay Development District's (the "District's") Westshore Marina District Phase 1 Master Infrastructure hnprovements hereby submits the following payment authorization-for disbursement:

Payment Authorization Number:
Name of Payee:
Payee's Invoice Number(s):
Amount Payable:

The undersigned hereby certifies that:

169
King Engineering 108092
$S00.00

I.	Obligations reflected in the amount set forth above have been validly incurred by the District, and
3.		The disbursement set forth above was incU1Ted in connection with the District's Westshore Marina District Phase 1 Master Infrastructure Improvements

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

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.

Attached hereto are originals of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested.

NEW PORT TAMPA BAY CDD

BOARD MEMBER ACKNOWLEDGEMENT AND APPR

Signed:  	

=-- - - - - - -

VP of Design & Construction

Date:-- -(	}  	ZiJ

Printed Name: Kevin Mays

Date:-------------

NEW PORT TAMPA BAY COMMUNITY DEVELOPMENT DISTRICT

WESTSBORE MARINA DISTRICT PHASE 1 MASTER INFRASTRUCTURE IMPROVEMENTS PAYMENT AUTHORIZATION

The undersigned, the Project Manager of the New Port Tampa Bay Development District's (the "District's") Westshore Marina District Phase 1 Master Infrastructure Improvements hereby submits the following payment authorization for disbursement:

Payment Authorization Number:
Name of Payee:
Payee's Invoice Number(s):
Amount Payable:

The undersigned hereby certifies that:

170
CIMA Energy Solutions, LLC
S6948319
$7.00

1.	Obligations reflected in the amount set forth above have been validly incurred by the District, and

3.		The disbursement set forth above was incurred in connection with the District's Westshore Marina District Phase 1 Master Infrastructure Improvements
The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneoUBly with the payment hereof.

The undersigned hereby°further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.

Attached hereto are originals of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested.

NEW PORT TAMPA BAY CDD		BOARD MEMBER ACKNOWLEDGEMENT AND

Sjgned:   :0_;,....--
VP of Design & Construction

Printed Name: Drew Loc=her

-----

Date:   _	1/-3./-_Z,(} 

_	Date:-------------

NEW PORT TAMPA BAY COMMUNITY DEVELOPMENT DISTRICT

WESTSBORE MARINA DISTRICT PHASE 1 MASTER INFRASTRUCTURE IMPROVEMENTS PAYMENT AUTHORIZATION

The undersigned, the Project Manager of the New Port Tampa Bay Development District's (the "District's") Westshore Marina District Phase 1 Master Infrastructure Improvements hereby submits the following payment authorization for disbursement:

A. Payment Authorization Number:	171	
B. Name of Payee:	CIMA Energy Solutions, LLC	
C. Payee's Invoice Number(s):	79696476	
D. Amount Payable:	$7.00	

The undersigned hereby certifies that:

I.		Obligations reflected in the amount set forth above have been validly incurred by the District, and

3.	The disbursement set forth above was incurred in connection with the District's Westshore Marina District Phase I Master Infrastructure Improvements

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

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.

APPR T

Attached hereto are originals of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested.

NEW PORT TAMPA BAY CDD

BOARD MEMBER ACKNOWLEDGEMENT AND

Signed:
VP of Design & Construction

Signed:

v

Chairm	.

Printed Name: =D:..:.r=-ew:..,

::Lo=c=he=-=r, 	

Printed Name: Kevin Mays

Date:  	

z /_J_o+-/_z0..   2_..-t>_	_	_	_	_

Date:_	zd..j.(_v  / _2dU/	_

NEW PORT TAMPA BAY COMMUNITY DEVELOPMENT DISTRICT

WESTSHORE MARINA DISTRICT PHASE 1 MASTER INFRASTRUCTURE IMPROVEMENTS PAYMENT AUTHORIZATION

The undersigned, the Project Manager of the New Port Tampa Bay Development District's (the "District's") Westshore Marina District Phase I Master Infrastructure Improvements hereby submits the following payment authorization for disbursement:

Payment Authorization Number:
Name of Payee:
Payee's Invoice Number(s):
Amount Payable:

The undersigned hereby certifies that:

172
TECO
Account221003010701
$621.81

I.	Obligations reflected in the amount set forth above have been validly incurred by the District, and

3.	The disbursement set forth above was incurred in connection with the District's Westshore Marina District Phase 1 Master Infrastructure Improvements

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

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.

Attached hereto are originals of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested.

NEW PORT TAMPA BAY COD

BOARD MEMBER ACKNOWLEDGEMENT AND

APP	OYMENT	L

S i  gn  ed: 	'

- - - - -

-- -

S i  gne:d

"-"-

-	-	-	-7'-""r--	-	-	-

VP of Design & Construction

Printed Name: =D.ccr..ew-=L-o=-c=he=r--- - - - -

\).,u.-,- Cha'	an

Printed Name: Kevin Mays

D ate: '2,} to /-z.oz.c.>

Date: 	  z-[f-(C-l+-l-U'---J--'=lf-:.2. 	_	_	_	_	_

New Port-Tampa Bay  Community Development District

Ratification of Westshore Marina District Phase 2 Master Infrastructure Improvements Payment Authorization Nos. #74-77

NEW PORT TAMPA BAY COMMUNITY DEVELOPMENT DISTRICT

WESTSHORE MARINA DISTRICT PHASE 2 MASTER INFRASTRUCTURE IMPROVEMENTS PAYMENT AUTHORIZATION

The undersigned, the Project Manager of the New Port Tampa Bay Development District's (the "District's") Westshore Marina District Phase 2 Master Infrastructure Improvements hereby submits the following payment authorization for disbursement:

Payment Authorization Number:
Name of Payee:
Payee's In,·oice Number:
Amount Payable:

The undersigned hereby certifies that:

74
BWFirm, LLC Phase 2 = 19-072
$2,334.00

Obligations reflected in the amount set forth above have been validly incurred by the District, and
3.	The disbursement set forth above was incurred in connection with the Districfs Westshore Marina District Phase 2 Master Infrastructure Improvements
The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned hereby further certifies that such requisition contains no item representing payment on accowtt of any retained percentage which the District is at the date of such certificate entitled to retain.
Attached hereto are originals of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested.

BOARD MEMBER ACKNOWLEDGEMENT AND

NEW PORT TAMPA BAY CDD

Signed:	
VP of Design & Construction

Printed Name=: D""r"e'"-w'"'--=L= oc=he"r"' 	_	Printed Name: Brian Van Slyke

Date: _ l o_ 

-/+-'-z-\,_)-+-_'2Q   .,.._.t:...4·._+----

Date:	/ o/z,/27

I;\\'. FIRM UC	INVOICE

320 W Kenned)' Blvd. STE 220. Tampa. FL 33806	

Date: 81512D19	Invoice# 19-072

BIii To:
 New Port TampaCOD, LLC	

Job Information:

c/o BTI Partners, LLC	Westshore Marina District
 	
 5218 W Tyson Avenue		 4900 Bridge Street	
 Tampa, FL 33616		Tampa, FL 33611	

I.Supply Pavars for New Port Tampa COD Phase II
•Supply (4) pallets of 4x8 Shellock (Color: Sliver Sam)

DESCRIPTION OF WORK:

SUBTOTAL: $
Payment received $
BALANCE DUE: $

2,334.00

2,334.00

Please remit payment to:
BW FIRM LLC
320 W  Kcnnccly  Blvd. Ste 220
Tampa. Florida 33606

Terms: Due Upon Completion Billing Inquiries: (813) 955,,7866 THANK YOU FOR YOUR BUSINESS

NEW PORT TAMPA RAV COMMUNITY DEVELOPMENT DISTRICT

WESTSHORE MARINA DISTRICT PHASE 2 MASTER INFRASTRUCTURE IMPROVEMENTS PAYMENT AUTHORIZATION

The undersigned, the Project Manager of the New Port Tampa Bay Development District's (the "District's") Westshore Marina District Phase 2 Master Infrastructure Improvements hereby submits the following payment authorization for disbursement:

Payment Authorization Number:
Name of Payee:
Payee's Invoice Number:
Amount Payable:

The undersigned hereby certifies that:

75
BWFirm,LLC Phase 2	19·071
$28,327.00

Obligations reflected in the amount set forth above have been validly incurred by the District, and

3.	The disbursement set forth above was incurred in connection with the District's Westshore Marina District Phase 2 Master Infrastructure Improvements
The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.

Attached hereto are originals of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested.

BOARD MEMBER ACKNOWLEDGEMENT AND

NEW PORT TAMPA BAY CDD

Signed:	
VP of Design & Construction

Printed Name: =D=-re"'"..'w.....L..=. oc.,...h.e.r..._ 	_

Printed Name: Brian Van Slyke

Date: - -

lO--i i)  z-1

+)--,M-

l---u-   -   -   -   - 

Date: _

_ I..C.V.,}_ z.t.....,,.....7_0,__	_	_	_
1

Phase 2 PA 75	BWFinn	10.7.2019

320 W Kennedy Blvd, STE 220, Tamga. FL 33806

Dabt: 10/3/2019	Invoice# 19-071

INVOICE

BIii To:
 New Port Tampa COO, LLC	

Job Information:

c/o BTI Partners, LLC	Westshore Marina District
 	
 5218 W Tyson Avenue		 4900 Bridge Street	
Tampa, FL 33616		 Tampa,  FL 33611	

◄nstllll1,530 SF of sidewalk panels

I.Completion of Sidewalk and Pavere @ Bridge Street & Tyaon (New Port Tampa COD Phase II)

-Install brick paven at above sidewalk
•Replace damages pavera by retention pond
-Install (2) FOOT Traffic Signs O Railroad Crossing

DESCRIPTION OF WORK:

SUBTOTAL: $
Payment received $
BALANCE DUE: $

28,327.00

28,327.00

Please remit payment to.
BW FIRM LLC
320 W Ke1111euy Blvd, Ste 220
1ampil. Florid;i 33606

Terms: Due Upon Completion Bllllng Inquiries: (813) 965-7866 THANK YOU FOR YOUR BUSINESS

NEW	PORT TAMPA BAY COMMUNITY DEVELOPMENT DISTRICT

WESTSHORE MARINA DISTRICT PHASE 2 MASTER INFRASTRUCTURE
IMPROVEMENTS PAYMENT AUTHORIZATION

The undersigned, the Project Manager of the New Port Tampa Bay Development District's (the "District's") Westshore Marina District Phase 2 Master Infrastructure Improvements hereby submits the following payment authorization for disbursement

Payment Authorization Number: 76
Name of Payee:	RIPA & Associates, LLC
Payee's Invoice Number:	PH2-Application 14RET
Amount Payable:	$116,965.24

The undersigned hereby certifies that:
Obligations reflected in the amount set forth above have been validly incurred by
the District, and

3.	The disbursement set forth above was incurred in connection with the District's
Westshore Marina District Phase 2 Master Infrastructure hnprovements

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

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.

Attached hereto are originals of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested.

NEW PORT TAMPA BAY CDD

Signed: 	J	1.. ,,__,_. 
VP of Design Construction

BOARD MEMBER ACKNOWLEDGEMENT AND APPR	•	.F PAYMENT

Signed; _	 	
\},..'-fD-

Printed Nwne: Drew Locher

Printed Name: "K=-'e-v·=-'-i'n....M,_=a.._y.  s=--   -	-	-	- 

Date:---

NEW PORT TAMPA BAY COMMUNITY DEVELOPMENT DISTRICT

WESTSHORE MARINA DISTRICT PHASE 2 MASTER INFRASTRUCTURE
IMPROVEMENTS PAYMENT AUTHORIZATION

The undersigned, the Project Manager of the New Port Tampa Bay Development District's

)

(the "District' s11    Westshore Marina District Phase 2 Master Infrastructure Improvements hereby
submits the following payment authorization for disbursement:

Payment Authorization Number:
Name of Payee:
Payee's Invoice Number:
Amount Payable:

77
Xylem 3556990386
$1,115.00

The undersigned hereby certifies that:

.	Obligations reflected in the amount set forth above have been validly incurred by the District, and

3.		The disbursement set forth above was incurred in connection with the District's Westshore Marina District Phase 2 Master Infrastructure Improvements

The undersigned hereby further certifies that there has not been fi)ed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or wi11 not be released simultaneously with the payment hereof.

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.

Attached hereto are originals of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested.

NEW  PORT TAMPA BAY COD	BOARD MEMBER

ACKNOWLEDGEMENT AND

Signed:		 VP of Design Construction

Printed Name: Drew Locher
Date: 	)_ /  'J f ·	_	_	Date: 	_

New Port -Tampa Bay Community Development District

Review of District Financial Position

New Port Tampa Bay CDD
As of 2/29/2020

Revenues

General

Debt Service S2006A Bond

Debt Service S2006B Bond		Capital Projects		Total	

$6,344,325.00 (2,676.03)

$6,341,648.97		

$377,582.56 68,554.03
$446,136.59		

$67,100.00
750.00
(66,867.69)
9,952,148.97
989.69
6,344,325.00
(2,676.03)
377,582.56
68,554.03
$16,741,906.53	

$240.39 3,230.00

$3,470.39		

$10,858.30 3,510.00
3,358.26
145,783.24
$163,509.80		
$5,208.35 5,197.00
2,500.00
30.55
1,539.73
500.00
313.75
5,000.00
1,762.88
240.39
3,230.00
10,858.30
3,510.00
3,358.26
145,783.24
$189,032.45	

$6.18 (9.13)

($2.95)		

($13.29)
($13.29)		
($1.15) 6.18
(9.13)
(13.29)
($17.39)	

$6,338,175.63		
$282,613.50		
$16,552,856.69	

($6,338,175.63)		
$512,963.17		
($16,187,595.92)	

$0.00		
$795,576.67		
$365,260.77	

On-Roll Assessments	$67,100.00		
Other Income & Other Financing Sources	750.00		
Inter-Fund Transfers In	(66,867.69)		
Other Income & Other Financing Sources			$9,952,148.97	
Inter-Fund Group Transfers In			989.69	
Other Income & Other Financing Sources				
Inter-Fund Group Transfers In				
Other Income & Other Financing Sources				
Inter-Fund Transfers In				
Total Revenues	$982.31		$9,953,138.66	

 	  

Expenses

Management	$5,208.35		
District Counsel	5,197.00		
Assessment Administration	2,500.00		
Postage	30.55		
Legal Advertising	1,539.73		
Web Site Maintenance	500.00		
Dues, Licenses, and Fees	313.75		
General Insurance	5,000.00		
Trustee Services			$1,762.88	
Trustee Services Trustee Services
Trustee Services				
District Counsel				
Capital Expenditures Phase 1				
Capital Expenditures Phase 2				
Total Expenses	$20,289.38		$1,762.88	

Other Revenues (Expenses) & Gains (Losses)

Net Increase (Decrease) in FV of Inv Interest Income
Net Increase (Decrease) in FV of Inv Net Increase (Decrease) in FV of Inv			($1.15)	
Total Other Revenues (Expenses) & Gains (Losses)	$0.00		($1.15)	

Change In Net Assets	
($19,307.07)		
$9,951,374.63	

Net Assets At Beginning Of Year	
($411,008.83)		
($9,951,374.63)	

Net Assets At End Of Year	
($430,315.90)		
$0.00	

New Port Tampa Bay CDD
Statement of Financial Position As of 2/29/2020

General		Debt Service S2006A Bond

Debt Service S2006B Bond

Capital Projects	Total

Current Assets	Assets		
General Checking Account	$114,281.32		
Assessments Receivable
Checking Account- Phase 2 Construction Due From Other Funds
Deposits	13,814.88		
Total Current Assets	$128,096.20	$0.00		$0.00	
Total Assets	$128,096.20	$0.00		$0.00	
	
Liabilities and Net Assets				
Current Liabilities
Accounts Payable	
$2,672.72				
Notes and Loans Payable - Current Accounts Payable
Retainage Payable Phase 2	555,739.38				
Total Current Liabilities	$558,412.10	$0.00		$0.00	
Total Liabilities	$558,412.10	$0.00		$0.00	

Net Assets
Net Assets, Unrestricted	

($52,323.50)				
Current Year Net Assets, Unrestricted	(66,867.69)				
Net Assets - General Government	(358,685.33)				
Current Year Net Assets - General Government	47,560.62				

 	 

$377,582.56 555,739.38
750.00
$934,071.94		$114,281.32 13,814.88
377,582.56
555,739.38
750.00
$1,062,168.14	
$934,071.94		$1,062,168.14	

$7.11 138,488.16
$138,495.27		

$2,672.72 555,739.38
7.11
138,488.16
$696,907.37	
$138,495.27		$696,907.37	

$512,963.17 282,613.50		

($52,323.50)
(66,867.69)

(358,685.33)
47,560.62

0.00
0.00

512,963.17
282,613.50	
$795,576.67
$934,071.94		$365,260.77
$1,062,168.14	

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Total Net Assets	($430,315.90)		$0.00		$0.00	
						
Total Liabilities and Net Assets	$128,096.20		$0.00		$0.00	

New Port Tampa Bay CDD
Budget to Actual

YTD Variance			FY 2020
Adopted Budget	

$	39,141.67		

$	

67,100.00	
750.00			-	
$	39,891.67		$	67,100.00	

$	
(750.00)		
$	
1,800.00	
	(5,000.00)			12,000.00	
	0.02			12,500.00	
	(2,083.33)			5,000.00	
	(416.67)			1,000.00	
	(1,053.00)			15,000.00	
	1,458.33			2,500.00	
	(208.33)			500.00	
	(2,083.33)			5,000.00	
	(208.33)			500.00	
	(25.00)			60.00	
	(73.62)			250.00	
	(208.33)			500.00	
	914.73			1,500.00	
	(120.83)			290.00	
	(500.00)			2,400.00	
	105.42			500.00	
	2,583.33			5,800.00	
$	(7,668.95)		$	67,100.00	

  $		
(7,668.95)		
  $		
67,100.00 	
$	47,560.62		$	-	

For the month ending 2/29/2020

Revenues
On-Roll Assessments
Other Income & Other Financing Sources
Net Revenues

General & Administrative Expenses
Public Officials' Liability Insurance Trustee Services
Management Engineering Dissemination Agent District Counsel
Assessment Administration Reamortization Schedule Audit
Travel and Per Diem Telephone
Postage & Shipping Copies
Legal Advertising Miscellaneous Website Fees
Dues, Licenses, and Fees General Insurance
Total General & Administrative Expenses

Total Expenses

Net Income (Loss)

YTD Actual

YTD Budget

$	67,100.00	$	27,958.33	
	750.00	-	
$	67,850.00	$	27,958.33	

$	
-	
$	750.00	
	-	5,000.00	
	5,208.35	5,208.33	
	-	2,083.33	
	-	416.67	
	5,197.00	6,250.00	
	2,500.00	1,041.67	
	-	208.33	
	-	2,083.33	
	-	208.33	
	-	25.00	
	30.55	104.17	
	-	208.33	
	1,539.73	625.00	
	-	120.83	
	500.00	1,000.00	
	313.75	208.33	
	5,000.00	2,416.67	
$	20,289.38	$	27,958.33	

  $		
20,289.38 	
  $	27,958.33 	
$	47,560.62	$	-	

   

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