Adopted Budget	
Fiscal Year 2024	

Verano #3	
Community Development District	

September 14, 2023

Verano #3	
Community Development District	

TABLE OF CONTENTS

General Fund	
Budget	
Budget Narrative	

Page 1 - 3	
Page 4 - 6	

Debt Service Fund Series 2021	
Budget	
Amortization schedule	

Page 7	
Page 8 - 9	

Debt Service Fund Series 2022	
Budget	
Amortization schedule	

Page 10 -11	
Page 12 -13	

Verano #3	
Community Development District	

Adopted	
Budget	
FY 2023	

Actual	
Thru	
7/31/2023	

Projected	
Next	
2 Months	

Total	
Projected	
9/30/2023	

Adopted	
Budget	
FY 2024	

Description

Revenues

Carry forward	$70,600	$60,652	$0	$60,652	$0

TOTAL REVENUES	$70,600	$60,652	$0	$60,652	$0

Expenditures

Administrative	
Annual Audit	
Arbitrage Rebate	
Trustee Fees	
Dissemination Agent	
Management Fees	
General Liability Insurance	
Other Current Charges	
Dues, Licenses & Subscriptions	
Website Compliance	

$4,200	
$500	
$6,000	
$2,500	
$21,000	
$6,500	
$1,000	
$175	
$750	

$4,200	
$550	
$4,041	
$2,083	
$17,500	
$0	
$187	
$175	
$625	

$0	
$550	
$0	
$417	
$3,500	
$6,500	
$813	
$0	
$125	

$4,200	
$1,100	
$4,041	
$2,500	
$21,000	
$6,500	
$1,000	
$175	
$750	

$4,400	
$1,100	
$12,000	
$5,000	
$0	
$6,500	
$900	
$175	
$750	

TOTAL ADMINISTRATIVE	$42,625	$29,361	$11,905	$41,266	$30,825

Common Area Maintenance	
Field Management	
Electric Utility Services	
Landscape Maintenance	
Plant Replacement	
Irrigation Repairs	
Irrigation Pump Maintenance	
Pest Control & Fertilization	
Mulch	
Sidewalk/Road Repairs	
Entry & Walls Maintenance	

$14,788	
$10,140	
$150,000	
$19,500	
$9,750	
$3,900	
$13,562	
$37,700	
$16,250	
$6,500	

$9,000	
$16,408	
$136,306	
$0	
$589	
$0	
$0	
$0	
$0	
$0	

$2,000	
$5,000	
$29,086	
$19,500	
$9,162	
$3,900	
$2,260	
$37,700	
$0	
$0	

$11,000	
$21,408	
$165,392	
$19,500	
$9,750	
$3,900	
$2,260	
$37,700	
$0	
$0	

$35,000	
$24,000	
$375,000	
$30,000	
$15,000	
$6,000	
$32,100	
$58,000	
$25,000	
$10,000	

TOTAL COMMON AREA MAINTENANCE	$282,090	$164,893	$108,608	$273,501	$610,100

Verano #3	
Community Development District	

Adopted	
Budget	
FY 2023	

Actual	
Thru	
7/31/2023	

Projected	
Next	
2 Months	

Total	
Projected	
9/30/2023	

Adopted	
Budget	
FY 2024	

Description

Amenity Center / Park Maintenance	
Clubhouse/Restroom Building Maintenance	
Common Area Maintenance	
A/C Maintenance	
Sidewalk/Parking lot repairs	
Amenity Management	
Lifestyle Management	
Property Insurance	
Pool Maintenance Contracts	
Pool repairs	
Landscape/Irrigation Maintenance	
Mulch	
Plant Replacement	
Irrigation Repairs	
Pest Control & Fertilization	
Playground Maintenance (includes inspection)	
Water Utility Services	
Electrical Utility Services	
Janitorial Services/Supplies	
Telephone/Internet	
Access Control (gates)	
Security Cameras (monitoring)	
Trash Collection	

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

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

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

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

$11,250	
$22,500	
$1,500	
$11,250	
$56,250	
$18,750	
$22,500	
$22,500	
$2,250	
$70,560	
$8,850	
$15,000	
$9,375	
$4,125	
$1,875	
$22,500	
$56,250	
$116,250	
$4,500	
$2,700	
$18,750	
$3,750	

TOTAL AMENITY CENTER/PARK MAINT	$0		$0		$0		$0		$503,235	

Capital Improvement

Capital Improvements	

$0		

$0		

$0		

$0		

$50,000	
TOTAL CAPITAL IMPROVEMENT	$0		$0		$0		$0		$50,000	
										
TOTAL EXPENDITURES	$324,715		$194,254		$120,513		$314,767		$1,194,160	

Verano #3		
Community Development District									General Fund	

Description		Adopted Budget
FY 2023		Actual Thru
7/31/2023		Projected Next
2 Months		Total Projected
9/30/2023	
Adopted Budget
FY 2024	

Other Financing Sources and (Uses)										
Intergovernmental Transfer (1)		$254,115		$162,892		$91,223		$254,115	$1,194,160	
Total Other Financing Sources/(Uses)		$254,115		$162,892		$91,223		$254,115	
$1,194,160	

	
EXCESS REVENUES/EXPENDITURES		$0		$29,290		($29,289)		$0	$0	
(1) Transfers from Verano #5										

Description	
Units		Master per Unit*		Master Total		Pod G per Unit*	
Apartments	318		$60.15		$19,127.70		$224.50	
Casitas	158		$60.15		$9,503.70		$414.57	
40' Single Family	247		$136.70		$33,764.90		$942.20	
50' Single Family	371		$157.21		$58,324.91		$1,083.53	
60' Single Family	40		$181.81		$7,272.40		$1,253.13	
Villa/Townhome	528		$121.66		$64,236.48		$838.56	

Total (Gross)
Total (Net)

1662

$192,230.09
$176,851.68

Pod G Total

Combined Rate- Per Unit*
$284.65
$474.72
$1,078.90
$1,240.74
$1,434.94
$960.22

$71,392.32
$65,501.95
$232,724.14
$401,990.91
$50,125.20
$442,760.04
$1,264,494.57
$1,163,335.00

* These amounts are grossed up 8% to cover early payment discounts and County collection fees.

REVENUES:

Developer Assessments/ Intergovernmental Transfer
The District will levy a non-ad valorem maintenance assessment on the developable property within the District to fund the operating budget. The District will receive fund transfers from Verano #5 CDD for General Operating Expenditures.

EXPENDITURES:

Administrative:

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.

Arbitrage Rebate Calculation
The District is required to annually have an arbitrage rebate calculation on the Verano #3 District's Series 2021 Special Assessment Bonds. The Verano #3 has contracted with an independent certified public accounting firm to calculate the rebate liability and submit a report to the District.

Trustee Fees
The District issued Series 2021 Special Assessment Revenue Bonds which are held with a Trustee at US Bank. The amount of the trustee fees budgeted is based on the agreement between US Bank and the Verano #3 District.

Dissemination Agent
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC. FY2024 Management fees were moved to Verano # 5.

General Liability Insurance
The District will bind General Liability & Public Officials Liability Insurance with Florida Insurance Alliance, an agency that specializes in providing insurance coverage to governmental agencies.

Other Current Charges
Bank charges and any other miscellaneous expenses that incurred during the year.

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

Website Compliance
Per Section 189.069 F. S, all Districts must have a website by October 1, 2015 to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated as required by the Statute.

Common Area Maintenance

Field Management
The district will contract a company to manage to manage the common area. The responsibilities include reviewing contracts and other maintenance related items.

Electric Utility Services
The District will contract FPL.

Landscape Maintenance
The district will contract a landscaping company to maintain the districts common area. Includes wet check.

Common Area Maintenance (continued)

Plant Replacement
Costs to replace plants throughout the district.

Irrigation Repair
Cost for maintaining the irrigation system.

Irrigation Water Manager
Cost to monitor the common area clocks.

Irrigation Pump System maintenance
The district will have an agreement with a company to maintain the pump system.

Pest Control & Fertilization
The district will contract a company for pest control throughout the district’s common area.

Mulch
Cost for mulch throughout the district.

Sidewalk/Road Repairs
Cost to maintain and repair the common area roads.

Entry & Walls Maintenance
Costs to maintain walls of the district.

Amenity Center / Park Maintenance

Clubhouse/Restroom Building Maintenance
Cost to maintain the clubhouse/restroom building.

Common Area Maintenance
Cost to maintain common area.

A/C Maintenance
Cost to maintain the Air conditioning unit per contract.

Sidewalk/Parking lot repairs
Cost to repair sidewalk and parking lot

Amenity Management
District will enter into an agreement with a management firm to oversee the amenity overall activities.

Lifestyle Management
District will enter into an agreement with a management firm.

Property Insurance
Insurance for Amenity/restroom/pavilion buildings

Pool Maintenance Contracts
Cost to maintain the pool per contract.

Pool Repairs
Cost to repairs the pools.

Landscape/irrigation Maintenance
Cost to service the district common area lawn and irrigation wet checks.

Mulch
Cost to replace mulch throughout the district.

Amenity Center / Park Maintenance (continued)

Plant Replacement
Cost to replace plants/tress throughout the district.

Irrigation Repairs
Cost to repair irrigation throughout the district.

Pest Control & Fertilization
Cost for pest control and fertilization.

Playground Maintenance
Cost to maintain and repair the playground and annual inspection.

Water Utility Services
Water utility service for the clubhouse with City of Port St Lucie.

Electrical Utility Service
Electric service for the clubhouse with FPL.

Janitorial Services/Supplies
Cost to clean the clubhouse, restrooms and pavilion and cleaning supplies.

Telephone/Internet
Cost for business line and internet in the clubhouse.

Access Control
Cost to have access control system service for the clubhouse.

Security Cameras monitoring
Cost for monitoring the clubhouse.

Trash Collection
Cost to remove trash at clubhouse and pavilion.

Capital Improvements

Capital Improvements
Cost for capital improvements and big repairs

Verano #3	
Community Development District	

 	
Debt Service	
Series 2021 Special Assessments Bonds	

Adopted	
Budget	
FY 2023	

Actual	
Thru	
7/31/2023	

Projected	
Next	
2 Months	

Total	
Projected	
9/30/2023	

Adopted	
Budget	
FY 2024	

Description

Revenues

Carry Forward Surplus (1)	
Special Assessments - On Roll	
Special Assessments - Direct Bill	
Interest Income	

$168,272	
$329,658	
$208,573	
$0	

$294,194	
$333,815	
$178,223	
$15,681	

$0	
$0	
$30,350	
$3,400	

$294,194	
$333,815	
$208,573	
$19,081	

$303,990	
$538,231	
$0	
$10,000	

TOTAL REVENUES	$706,503	$821,913	$33,750	$855,663	$852,221

Expenditures

Series 2021	
Interest - 11/01	
Interest - 05/01	
Principal - 05/01	

$167,797	
$167,797	
$205,000	

$167,797	
$167,797	
$205,000	

$0	
$0	
$0	

$167,797	
$167,797	
$205,000	

$165,363	
$165,363	
$210,000	

TOTAL EXPENDITURES	$540,594		$540,594		$0		$540,594		$540,725	

Other Financing Sources and (Uses)
Interfund Transfer In/(Out)	

$0		

($8,879)		

($2,200)		

($11,079)		

$0	
Total Other Financing Sources/(Uses)	$0		($8,879)		($2,200)		($11,079)		$0	
										
EXCESS REVENUES/EXPENDITURES	$165,909		$272,440		$31,550		$303,990		$311,496	

interest 11/1/24	$162,869

(1) Carry forward is net of Reserve Fund requirement.

Product Type	Phase	Units	Amount per unit*	Total On Roll	
Pod 1 50' Lots	1	139	$1,412.86	$196,387	
Pod 4 40' Lots	1	122	$1,304.18	$159,111	
Pod 4 50' Lots	1	2	$1,412.86	$2,826	
Pod 5 40' Lots	1	23	$1,412.86	$32,496	
Pod 5 50' Lots	1	63	$1,412.86	$89,010	
Pod 5 Park Lots 60'	1	40	$1,630.23	$65,209	
Pod 5 Villas	1	46	$869.46	$39,995	
Total Residential		435	Gross Assessments	$585,034	
			Less: Discount & Collections 8%	($46,803)	
			Net Assessments	$538,231	
					
* These amounts are grossed up 8% to cover early payment discounts and County collection fees.

Amortization Schedule	
Series 2021 Special Assessments Bonds	

 					
DATE	BALANCE	COUPON	PRINCIPAL	INTEREST	TOTAL

11/01/23	$9,305,000.00	2.375%	$0.00	$165,362.50	$165,362.50	
05/01/24	$9,305,000.00	2.375%	$210,000.00	$165,362.50	
11/01/24	$9,095,000.00	2.375%	$0.00	$162,868.75	$538,231.25	
05/01/25	$9,095,000.00	2.375%	$215,000.00	$162,868.75	
11/01/25	$8,880,000.00	2.375%	$0.00	$160,315.63	$538,184.38	
05/01/26	$8,880,000.00	2.375%	$220,000.00	$160,315.63	
11/01/26	$8,660,000.00	2.375%	$0.00	$157,703.13	$538,018.75	
05/01/27	$8,660,000.00	3.000%	$225,000.00	$157,703.13	
11/01/27	$8,435,000.00	3.000%	$0.00	$154,328.13	$537,031.25	
05/01/28	$8,435,000.00	3.000%	$230,000.00	$154,328.13	
11/01/28	$8,205,000.00	3.000%	$0.00	$150,878.13	$535,206.25	
05/01/29	$8,205,000.00	3.000%	$240,000.00	$150,878.13	
11/01/29	$7,965,000.00	3.000%	$0.00	$147,278.13	$538,156.25	
05/01/30	$7,965,000.00	3.000%	$245,000.00	$147,278.13	
11/01/30	$7,720,000.00	3.000%	$0.00	$143,603.13	$535,881.25	
05/01/31	$7,720,000.00	3.000%	$250,000.00	$143,603.13	
11/01/31	$7,470,000.00	3.000%	$0.00	$139,853.13	$533,456.25	
05/01/32	$7,470,000.00	3.375%	$260,000.00	$139,853.13	
11/01/32	$7,210,000.00	3.375%	$0.00	$135,465.63	$535,318.75	
05/01/33	$7,210,000.00	3.375%	$270,000.00	$135,465.63	
11/01/33	$6,940,000.00	3.375%	$0.00	$130,909.38	$536,375.00	
05/01/34	$6,940,000.00	3.375%	$280,000.00	$130,909.38	
11/01/34	$6,660,000.00	3.375%	$0.00	$126,184.38	$537,093.75	
05/01/35	$6,660,000.00	3.375%	$290,000.00	$126,184.38	
11/01/35	$6,370,000.00	3.375%	$0.00	$121,290.63	$537,475.00	
05/01/36	$6,370,000.00	3.375%	$300,000.00	$121,290.63	
11/01/36	$6,070,000.00	3.375%	$0.00	$116,228.13	$537,518.75	
05/01/37	$6,070,000.00	3.375%	$310,000.00	$116,228.13	
11/01/37	$5,760,000.00	3.375%	$0.00	$110,996.88	$537,225.00	
05/01/38	$5,760,000.00	3.375%	$320,000.00	$110,996.88	
11/01/38	$5,440,000.00	3.375%	$0.00	$105,596.88	$536,593.75	
05/01/39	$5,440,000.00	3.375%	$330,000.00	$105,596.88	
11/01/39	$5,110,000.00	3.375%	$0.00	$100,028.13	$535,625.00	
05/01/40	$5,110,000.00	3.375%	$340,000.00	$100,028.13	
11/01/40	$4,770,000.00	3.375%	$0.00	$94,290.63	$534,318.75	
05/01/41	$4,770,000.00	3.375%	$355,000.00	$94,290.63	
11/01/41	$4,415,000.00	3.375%	$0.00	$88,300.00	$537,590.63	
05/01/42	$4,415,000.00	4.000%	$365,000.00	$88,300.00	
11/01/42	$4,050,000.00	4.000%	$0.00	$81,000.00	$534,300.00	
05/01/43	$4,050,000.00	4.000%	$380,000.00	$81,000.00	
11/01/43	$3,670,000.00	4.000%	$0.00	$73,400.00	$534,400.00	
05/01/44	$3,670,000.00	4.000%	$395,000.00	$73,400.00	
11/01/44	$3,275,000.00	4.000%	$0.00	$65,500.00	$533,900.00	
05/01/45	$3,275,000.00	4.000%	$415,000.00	$65,500.00	
11/01/45	$2,860,000.00	4.000%	$0.00	$57,200.00	$537,700.00	
05/01/46	$2,860,000.00	4.000%	$430,000.00	$57,200.00	

Amortization Schedule	
Series 2021 Special Assessments Bonds	

 					
DATE	BALANCE	COUPON	PRINCIPAL	INTEREST	TOTAL

Continued

11/01/46	
05/01/47	
11/01/47	
05/01/48	
11/01/48	
05/01/49	
11/01/49	
05/01/50	
11/01/50	
05/01/51	

$2,430,000.00	
$2,430,000.00	
$1,980,000.00	
$1,980,000.00	
$1,515,000.00	
$1,515,000.00	
$1,030,000.00	
$1,030,000.00	
$525,000.00	
$525,000.00	

4.000%	
4.000%	
4.000%	
4.000%	
4.000%	
4.000%	
4.000%	
4.000%	
4.000%	
4.000%	

$0.00	
$450,000.00	
$0.00	
$465,000.00	
$0.00	
$485,000.00	
$0.00	
$505,000.00	
$0.00	
$525,000.00	

$48,600.00	
$48,600.00	
$48,600.00	
$39,600.00	
$30,300.00	
$30,300.00	
$20,600.00	
$20,600.00	
$10,500.00	
$10,500.00	

$535,800.00	
$547,200.00	
$534,900.00	
$535,900.00	
$536,100.00	
$535,500.00	

Total	$9,305,000.00	$5,885,362.50	$15,190,362.50	

Debt Service	
Series 2022 Special Assessments Bonds	

Proposed	
Budget	
FY 2023	

Actual	
Thru	
7/31/2023	

Projected	
Next	
2 Months	

Total	
Projected	
9/30/2023	

Adopted	
Budget	
FY 2024	

Description

Revenues

Carry Forward Surplus (1)	
Special Assessments- On Roll	
Special Assessments - Direct Bill	
Interest Income	

$0	
$0	
$692,407	
$18,239	

$0	
$0	
$284,316	
$13,279	

$0	
$0	
$408,090	
$4,960	

$0	
$0	
$692,407	
$18,239	

$423,929	
$230,100	
$465,000	
$11,000	

TOTAL REVENUES	$710,645	$297,595	$413,050	$710,645	$1,130,029

Expenditures

Series 2022	
Interest - 11/01	
Principal - 11/01	
Interest - 05/01	

$0	
$0	
$269,646	

$0	
$0	
$269,646	

$0	
$0	
$0	

$0	
$0	
$269,646	

$292,387	
$130,000	
$288,568	

TOTAL EXPENDITURES	$269,646	$269,646	$0	$269,646	$710,955

Other Financing Sources and (Uses)

Interfund Transfer In/(Out)	
Bond Proceed	

($17,070)	
$694,859	

($12,670)	
$694,859	

($4,400)	
$0	

($17,070)	
$694,859	

($10,000)	
$0	

Total Other Financing Sources/(Uses)		$677,789	$682,189		($4,400)		$677,789		($10,000) EXCESS REVENUES/EXPENDITURES	$1,118,788	$710,138	$408,650	$1,118,788	$409,074

Interest 11/1/24	
Principal 11/1/24	
Total	

$288,568	
$115,000	
$403,568	

(1) Carry forward is net of Reserve Fund requirement.

Debt Service	
Series 2022 Special Assessments Bonds	

Proposed	
Budget	
FY 2023	

Actual	
Thru	
7/31/2023	

Projected	
Next	
2 Months	

Total	
Projected	
9/30/2023	

Adopted	
Budget	
FY 2024	

Description

Product Type	Phase	Units	Amount per unit*	Total On Roll	
Pod 6 - SF 50's	2	82	$1,413.04	$115,870	
Pod 7 - Townhomes	2	22	$1,086.96	$23,913	
Pod 7 - SF 40's	2	8	$1,304.35	$10,435	
Pod 7 - SF 50's	2	3	$1,413.04	$4,239	
Pod 7 - Villas	2	0	$1,195.65	$0	
South Parcel - Townh	2	220	$434.78	$95,652	
TOTAL		335	Gross Assessments	$250,109	
			Less: Discount & Collections 8%	($20,009)	
			Net Assessments	$230,100	

Product Type	Phase	Units	Amount per unit*	Direct Bill	
Pod 6 - SF 50's	2	0	$1,413.04	$0	
Pod 7 - Townhomes	2	184	$1,086.96	$200,000	
Pod 7 - SF 40's	2	94	$1,304.35	$122,609	
Pod 7 - SF 50's	2	82	$1,413.04	$115,870	
Pod 7 - Villas	2	56	$1,195.65	$66,957	
South Parcel - Townh	2	0	$434.78	$0	
TOTAL		416	Gross Assessments	$505,435	
			Less: Discount & Collections 8%	($40,435)	
			Net Assessments	$465,000	

* These amounts are grossed up 8% to cover early payment discounts and County collection fees.

Amortization Schedule	
Series 2022 Special Assessments Bonds	

 					
DATE	BALANCE	COUPON	PRINCIPAL	INTEREST	TOTAL

11/01/23	$9,015,000.00	5.875%	$130,000.00	$292,386.88	$422,386.88	
05/01/24	$8,885,000.00	5.875%	$0.00	$288,568.13	$0.00	
11/01/24	$8,885,000.00	5.875%	$115,000.00	$288,568.13	$692,136.25	
05/01/25	$8,770,000.00	5.875%	$0.00	$285,190.00	
11/01/25	$8,770,000.00	5.875%	$120,000.00	$285,190.00	$690,380.00	
05/01/26	$8,650,000.00	5.875%	$0.00	$281,665.00	
11/01/26	$8,650,000.00	5.875%	$130,000.00	$281,665.00	$693,330.00	
05/01/27	$8,520,000.00	5.875%	$0.00	$277,846.25	
11/01/27	$8,520,000.00	5.875%	$135,000.00	$277,846.25	$690,692.50	
05/01/28	$8,385,000.00	5.875%	$0.00	$273,880.63	
11/01/28	$8,385,000.00	5.875%	$145,000.00	$273,880.63	$692,761.25	
05/01/29	$8,240,000.00	5.875%	$0.00	$269,621.25	
11/01/29	$8,240,000.00	5.875%	$155,000.00	$269,621.25	$694,242.50	
05/01/30	$8,085,000.00	6.450%	$0.00	$265,068.13	
11/01/30	$8,085,000.00	6.450%	$160,000.00	$265,068.13	$690,136.25	
05/01/31	$7,925,000.00	6.450%	$0.00	$259,908.13	
11/01/31	$7,925,000.00	6.450%	$170,000.00	$259,908.13	$689,816.25	
05/01/32	$7,755,000.00	6.450%	$0.00	$254,425.63	
11/01/32	$7,755,000.00	6.450%	$185,000.00	$254,425.63	$693,851.25	
05/01/33	$7,570,000.00	6.450%	$0.00	$248,459.38	
11/01/33	$7,570,000.00	6.450%	$195,000.00	$248,459.38	$691,918.75	
05/01/34	$7,375,000.00	6.450%	$0.00	$242,170.63	
11/01/34	$7,375,000.00	6.450%	$210,000.00	$242,170.63	$694,341.25	
05/01/35	$7,165,000.00	6.450%	$0.00	$235,398.13	
11/01/35	$7,165,000.00	6.450%	$220,000.00	$235,398.13	$690,796.25	
05/01/36	$6,945,000.00	6.450%	$0.00	$228,303.13	
11/01/36	$6,945,000.00	6.450%	$235,000.00	$228,303.13	$691,606.25	
05/01/37	$6,710,000.00	6.450%	$0.00	$220,724.38	
11/01/37	$6,710,000.00	6.450%	$250,000.00	$220,724.38	$691,448.75	
05/01/38	$6,460,000.00	6.450%	$0.00	$212,661.88	
11/01/38	$6,460,000.00	6.450%	$265,000.00	$212,661.88	$690,323.75	
05/01/39	$6,195,000.00	6.450%	$0.00	$204,115.63	
11/01/39	$6,195,000.00	6.450%	$285,000.00	$204,115.63	$693,231.25	
05/01/40	$5,910,000.00	6.450%	$0.00	$194,924.38	
11/01/40	$5,910,000.00	6.450%	$300,000.00	$194,924.38	$689,848.75	
05/01/41	$5,610,000.00	6.450%	$0.00	$185,249.38	
11/01/41	$5,610,000.00	6.450%	$320,000.00	$185,249.38	$690,498.75	
05/01/42	$5,290,000.00	6.450%	$0.00	$174,929.38	
11/01/42	$5,290,000.00	6.450%	$345,000.00	$174,929.38	$694,858.75	
05/01/43	$4,945,000.00	6.625%	$0.00	$163,803.13	
11/01/43	$4,945,000.00	6.625%	$365,000.00	$163,803.13	$692,606.25	
05/01/44	$4,580,000.00	6.625%	$0.00	$151,712.50	
11/01/44	$4,580,000.00	6.625%	$390,000.00	$151,712.50	$693,425.00	
05/01/45	$4,190,000.00	6.625%	$0.00	$138,793.75	
11/01/45	$4,190,000.00	6.625%	$415,000.00	$138,793.75	$692,587.50	
05/01/46	$3,775,000.00	6.625%	$0.00	$125,046.88	
11/01/46	$3,775,000.00	6.625%	$440,000.00	$125,046.88	$690,093.75	
05/01/47	$3,335,000.00	6.625%	$0.00	$110,471.88	

Amortization Schedule	
Series 2022 Special Assessments Bonds	

 					
DATE	BALANCE	COUPON	PRINCIPAL	INTEREST	TOTAL

Continued

11/01/47	
05/01/48	
11/01/48	
05/01/49	
11/01/49	
05/01/50	
11/01/50	
05/01/51	
11/01/51	
05/01/52	
11/01/52	

$3,335,000.00	
$2,865,000.00	
$2,865,000.00	
$2,365,000.00	
$2,365,000.00	
$1,830,000.00	
$1,830,000.00	
$1,260,000.00	
$1,260,000.00	
$650,000.00	
$650,000.00	

6.625%	
6.625%	
6.625%	
6.625%	
6.625%	
6.625%	
6.625%	
6.625%	
6.625%	
6.625%	
6.625%	

$470,000.00	
$0.00	
$500,000.00	
$0.00	
$535,000.00	
$0.00	
$570,000.00	
$0.00	
$610,000.00	
$0.00	
$650,000.00	

$110,471.88	
$94,903.13	
$110,471.88	
$78,340.63	
$78,340.63	
$60,618.75	
$60,618.75	
$41,737.50	
$41,737.50	
$21,531.25	
$21,531.25	

$690,943.75	
$705,375.00	
$691,681.25	
$691,237.50	
$693,475.00	
$693,062.50	

Total	$9,015,000.00	$11,488,093.13	$20,503,093.13