VILLAGEWALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT

LEE COUNTY Regular Board Meeting
& Public Hearing August 16, 2022
3:00 P.M.

Special District Services, Inc.
27499 Riverview Center Boulevard, #253 Bonita Springs, FL 33134

www.villagewalkofbonitaspringscdd.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA VILLAGEWALK OF BONITA SPRINGS
COMMUNITY DEVELOPMENT DISTRICT
Town Center at VillageWalk of Bonita Springs 15321 Latitude Drive
Bonita Springs, Florida 34135
REGULAR BOARD MEETING & PUBLIC HEARING
August 16, 2022
3:00 p.m.

Call to Order
Proof of Publication…	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
May 17, 2022 Regular Board Meeting…	Page 2
Public Hearing
Proof of Publication…	Page 6
Receive Public Comments on Fiscal Year 2022/2023 Final Budget
Consider Resolution No. 2022-02 – Adopting a Fiscal Year 2022/2023 Final Budget…	Page 7
Consider Resolution No. 2021-03 – Adopting a Fiscal Year 2020/2021 Annual Assessment…	Page 17
Old Business
New Business
Consider Resolution No. 2022-04 – Adopting a Fiscal Year 2022/2023 Meeting Schedule…	Page 20
Consider Approval of District Counsel Fee Agreement – Kutak Rock…	Page 22
Engineering Report
Administrative Matters
Board Members Comments
Adjourn

NETWORK

Published Daily Naples, FL 34110

Ave Maria
VILLAGE WALK C/O SOS INC
2501 BURNS RD# A
tRCM BEACH GARDENS, FL 33410-5207
Affidavit of Publication
STATE OF WISCONSIN COUNTY OF BROWN

Before the undersigned they serve as the authority, personally appeared said legal clerk who on oath says that he/she serves as Legal Clerk of the Naples Daily News, a daily newspaper published at Naples, in Collier County, Florida; distributed in Collier and Lee counties of Florida; that the attached copy of the advertising was published in said newspaper on dates listed. Affiant further says that the said Naples Daily News is a newspaper published at Naples, in said Collier County, Florida, and that the said newspaper has heretofore been continuously published in said
Collier County, Florida; distributed in Collier and Lee
counties of Florida, each day and has been entered as second class mail matter at the post office in Naples, in said Collier County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that he has neither paid nor promised any person, or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for publication in said newspaper issue(s) dated:

lssue(s) dated: 10/06/2021

Subscribed and sworn to before on October 6, 2021:

My commission expires Publication Cost: $413.00 Ad No: 0004937936

NANCY HEYRMAN
Notary Public
State of Wisconsin

Customer No: 1308384 PO#: Meeting Schedule
# of Affidavits 1
This is not an invoice

VILLAGEWALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2021/2022 REGULAR MEETING SCHEDULE

NOTICE 15 HEREBY GIVEN that the Board of Supervisors of the VillageWalk of Bonita Springs Community Development District will hold Regular Meetings at 3:00 p.m. in the Town Center at VillageWalk of Bonita Springs located at 15321 Latitude Drive, Bonita Springs, Florida 34135, on the following dates:

October 19, 2021
November 16, 2021
January 18, 2022
February 15, 2022
March 15, 2022
April 19, 2022
May 17, 2022
June 21, 2022
July 19, 2022
August 16, 2022
September 20, 2022

The purpose of the meetings is to conduct any business coming before the Board. Meetings are open to the public and will be conducted in accordance with the provisions of Florida law. Copies of the Agendas for any of the meetings may be obtained from the District's website or by contacting the District Manager at (561) 630-4922 and/or toll free at 1-877-737-4922 prior to the date of the particular meeting.

From time to time one or more Supervisors will participate by telephone; therefore, a speaker telephone will be present at the location of these meetings so that Supervisors can attend the meetings and be fully informed of the discussions taking place either in person or by telephone. Meetings may be con­ tinued to a date, time, and place certain to be specified on the record.

If any person decides to appeal any decision made with respect to any matter considered at these meetings, such person will need a record of the proceedings and such person may need to insure that a verbatim record of the proceedings is made at his or her own expense and which record includes the testimony and evidence on which the appeal is based.

In accordance with the provisions of the Americans with Disabil­ ities Act, any person requiring special accommodations or an in­ terpreter to participate at any of these meetings should contact the District Manager at (561) 630-4922 and/or at toll free 1-877- 737-4922 at least seven (7) days prior to the date ot the particu­ lar meeting.

Meetings may be cancelled from time to time without adver­ tised notice.

VILLAGEWALK OF BONITA SPRINGS COMMUNITY DEVELOP­ MENT DISTRICT
www.villagewalkbonitaspringscdd.org  AD#4937936	Oct 6, 2021

VILLAGEWALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
MAY 17, 2022

CALL TO ORDER

The May 17, 2022, Regular Board Meeting of the Village Walk Community Development District (the “District”) was called to order at 3:00 p.m. at the Town Center at VillageWalk of Bonita Springs located at 15321 Latitude Drive, Bonita Springs, Florida 34135.

PROOF OF PUBLICATION

Proof of publication was presented that notice of the Regular Board Meeting had been published in the Naples Daily News on October 6, 2021, as part of the District’s Fiscal Year 2021/2022 Meeting Schedule, as legally required.

ESTABLISH A QUORUM

A quorum was established with the following Supervisors present:

Chairman	Terry L. Peters	Present	
Vice-Chairman	Laura Ray	Present	
Supervisor	Susan Price	Present	
Supervisor	Matt Jacovelli	Present	
Supervisor	Mike Hertz	Present	

Staff members in virtual attendance were:

District Manager	Kathleen Meneely	Special District Services	
General Counsel	Wes Haber (via phone)	Hopping, Green & Sams	
District Engineer	Chris Wright	RWA, Inc.	

Also present were Trish Baker, Town Manager and Kara Blewett, Assistant Town Manager.

ADDITIONS OR DELETIONS TO THE AGENDA

There were no additions or deletions to the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

There were no comments from the public for items not on the agenda.

APPROVAL OF MINUTES
October 19, 2021, Regular Board Meeting

The October 19, 2021, Regular Board Meeting minutes were presented for approval.

Page 1 of 4

A motion was made by Mr. Hertz, seconded by Ms. Ray and passed unanimously approving the minutes of the October 19, 2021, Regular Board Meeting, as presented.

OLD BUSINESS

There were no Old Business items to come before the Board.

NEW BUSINESS
Consider Resolution No. 2022-01 – Adopting a Fiscal Year 2022/2023 Proposed Budget

Resolution No. 2022-01 was presented, entitled:

RESOLUTION NO. 2022-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VILLAGEWALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2022/2023; AND PROVIDING AN EFFECTIVE DATE.

A motion was made by Mr. Jacovelli, seconded by Mr. Hertz and passed unanimously adopting Resolution No. 2022-01, as presented.

Discussion Regarding Lakeside Trees

Mr. Jacovelli stated that 90% of the trees along the banks had died after the last hurricane. He stated that no one had asked for them to be replaced and Ms. Ray suggested not replacing them if they are not missed. Mr. Wright stated they were in the original development order, but are not audited. It was consensus of the Board to leave as is.

Discussion on West Wall along Logan Boulevard

Mr. Hertz stated that the plantings along the wall did not look good. Mr. Jacovelli indicated that there was no irrigation in the area and what was provided is what was said would be provided. He added that the cost to put in irrigation would be a $56,000 expense, so residents will have to live with what they have.

Update on Bonita Beach Road Median

Mr. Hertz asked about conversations with Lennar on the median. Mr. Jacovelli gave a background, stating that GL Homes offered money, but the maintenance costs would stay with the development. He added that as other HOAs ask the County to take over the road, they may also ask for landscaping when they do it. Furthermore, he stated that landscaping may block the view of traffic, so at this point, it is status quo.

Discussion Regarding Supervisor Conduct

Mr. Hertz stated that he had been holding this item regarding comments Mr. Peters wrote on Nextdoor. He explained that the comments were political and the information put out was only partially correct, but nobody else could respond to it due to the Sunshine Law. Mr. Hertz felt the
Page 2 of 4

post was irresponsible and not the best practices for a CDD Supervisor. Mr. Peters noted that he did not think anything he posted was incorrect. Mr. Jacovelli stated that Mr. Peters used his CDD position to benefit his wife in the recent HOA election. Mr. Hertz asked for an opinion from the attorney and Mr. Haber stated that sending out a post is not a violation of the Sunshine Law, but bilateral communication would be. Mr. Jacovelli explained that he had a conversation with Mr. Haber as Mr. Peters had also asked for documents from the HOA be paid for by the CDD.

After discussion, a motion was made by Mr. Jacovelli, seconded by Mr. Hertz amending the agenda to add the consideration of reorganization of the Board. Ms. Ray agreed that Nextdoor was not the forum for a Supervisor to use, especially since no other Board Members could weigh in, however, she did not support reorganization at this time. She asked Mr. Peters not to do it again, as it reflects on the entire Board. Ms. Price agreed with Ms. Ray’s opinion and as such, Messrs. Jacovelli and Hertz withdrew their motion and second.

ENGINEERING REPORT

Mr. Wright advised that he was working on the Stormwater Needs Analysis, which is mandated and will cost approximately $5,000. Ms. Meneely stated that there was enough funding in the engineer’s budget to cover the cost.

ADMINISTRATIVE MATTERS
Qualifying Period

Ms. Meneely announced that Seats 2 (Peters) and 4 (Price) were expiring and that the qualifying period runs from noon on June 13, 2022, through noon on June 17, 2022.

Ms. Meneely went over the meeting schedule, noting that the August 16, 2022, meeting would include a Public Hearing on the budget. There was a consensus of the Board to cancel the June and July meetings, if nothing is pressing.

BOARD MEMBER COMMENTS

There were no further Board Member comment.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Mr. Hertz, seconded by Mr. Jacovelli and passed unanimously to adjourn the Regular Board Meeting at 3:42 p.m.

Page 3 of 4

 	
Secretary/Assistant Secretary	Chair/Vice-Chair

Page 4 of 4

LSOV]?T<FU:2[UI2M3JV67G/MWP^?LXTQ[jY?P_90RV08I;U[NZ6=\CM[k^3d\4?X]M[4\Tl9_mL]T^?VV:UM_c7/Xm`nVT?9`jWAN5D_A6LAS[e3Aa22D:aAof6bY]9b:T^<2pcW?<Xj^X]_S?gX8VU39[N:</_a9;XM[398^^oTL4<XLT_[?^q\`q`TLX0^W89b3N[U=V^<`TL6]kX6[[2?V\;`/q<b6[]8U\NTL<_b3d4/NXMXV3r``NSTlT9m_<W[34`^N_[M3hraLNm[nX9X>^3_2T2T9<5WX?i`27^^5:d6X

 /# 0 1$ %2 3& 4 5'6 (7 )3*8'9+:;,2%64-<+:3.2=$&9'6%>4?8@02=ABCADA

U:\;fr?:2NDM??N8CN>M35;NA43>0763?D7:>A4?66fiMjk7jw<3l:32rms218M\:6f3=0k3o4w676?r?Co:>Nljy526:Nw6cN524p6sM61:nl1m<M?B0/A8{34M4?Dt3NN8MA|;:63fAr4?4B;Ne4AM6a3NDt785A:ol:]8fm4N<0m:rqno73i46oV7:NM6=iC3?MrN6_;mMNono;Ma?i?06;^rj2::536N8:M5M6:216=o<;?6<r03:4M?13MNh44q7M2N3Mr[6q3Nr5jN1_j6636jr:?M6jNM?k3Mm3883nMNroC6o5676?43:0NCjij8MT3V3N84785ror6q:iC?28<A6;=?B636=4MwN:Nq3?yM8M3jyro:1NN26`5:1>o63Mk063628:42?Mo38:8k;3623684684?o>8741[:N5L?6r?:6N850N8?576MN14627C6/M;?M]:?0Ms2N;1k1CN7?2A=53ri4D:Ck6A:zN374A8AN3N7v]q:38f08>6Co73]>o2N26?565186N673qNM<3:6r8:3?o4_N=8N5;M_7613Mr60368]N;rho?4?N64:1>qC7MN67:13138q646M3:N76=

EFGHIJFK
;0123r56: 8o?]8?8V3N0:o_0;4NM3s8toC4AC\D2A?AMC37::NffuwDsDf;viqj?iM:NN5N65;60^M;>?84L?6j8N6M::M3N8So22:?oq6qY6:82pN4?j8]7?8?31N:x6_rN;3?M3884o4?82?Nr5:6N:7:?N;s3v?f8Asj56

S@q0T:U2=U7VA6BCW3CX8VYr020Vo7Ui3Zf8Co[A\ND5A]6A[Nv69f4TNw^3BVqA?_A/8y`=T:98W7_6Lk[37a68ar6b09;T^?c8<>X5S3rX5U[40/ra5X:9;^;6<:T2_3^4`NT?L^16>1>:>4i6k732i2:Zo:6N>52:626p81?a863N8:64;62M=38<o34rN7M37rNi?aMo:8/:0o16<M:N6u

;MN:y1?6Mrv5:=6rvM=1?N?N|4536M{r367r73B4;::;]B?M2:863?Dj3N8rqr6:;ol63MSjM;173?>?6:=rM73>3rMN64q563;?6N;n5678CN65:3j86M8N?6p65rNoM6456;4;M:5M3M36N:?q?76r8k0r2N;3763?284:7N;3M?N3?r75M5r?68:?:?:7848N8NCN=?6:N:N;:i5jrqr2rV6N6\N3?:2:8?qNM4=o5N7M6363;7NM86r56:<oNr?6M3?823284=4:<?8oNC>:M483iN34r3i5r^7NM^N6M5635Na6r}M5;6NM06:67a;3M8M\4q03:2:8?1No8:o8M2N6=:35r74qMo16h;:546:6;6M`[=rh?:0463j8M:r1j2[3:632r82r3=:j6:or6j47r3_r53:r:?6N?6N8?8Mi:q72k46XM36r3:q>864ro45?N651067j?M=;?8N:6M36M87NN]q3MNo=3?54?:|?68:2:q63684N8M3No7:o:3>8=5N_kB5oN1N06|?5l6Ms;3w43147|6{r:s:6Mn?qNk7Cr5383?qk634?7N3M6?34068NMsM64M36048|74r6{N?o?;7NDM5M1D:73<N:?6|?;Ny3rM?4;:v:NjN6M6v0?7N3:Mr|45:24N{6N65?N:B_6?8;BCNj=M:sqN>?:3j7qjl63r^27626q6^r386N4C3c:37:648:=n3163o8?8e737i82os3TN:4j;q|={=23:4?:?Dr7MD066|

RESOLUTION 2022‐02

THE ANNUAL APPROPRIATION RESOLUTION OF THE VILLAGEWALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGETS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2022, AND ENDING SEPTEMBER 30, 2023; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2022, submitted to the Board of Supervisors (“Board”) of the VillageWalk of Bonita Springs Community Development District (“District”) proposed budgets (“Proposed Budget”) for the fiscal year beginning October 1, 2022 and ending September 30, 2023 (“Fiscal Year 2022/2023”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget, the District filed a copy of the Proposed Budget with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and

WHEREAS, the Board set a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the District Manager posted the Proposed Budget on the District’s website at least two days before the public hearing; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1st of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year; and

WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE VILLAGEWALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1.   BUDGET

The Board has reviewed the Proposed Budget, a copy of which is on file with the office of the District Manager and at the District’s Local Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.

The Proposed Budget, attached hereto as Exhibit “A,” as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes (“Adopted Budget”), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.

The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the VillageWalk of Bonita Springs Community Development District for the Fiscal Year Ending September 30, 2023.”

The Adopted Budget shall be posted by the District Manager on the District’s official website within thirty (30) days after adoption, and shall remain on the website for at least 2 years.

SECTION 2.	APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2022/2023, the sum of $1,098,495 to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$	100,052		
DEBT SERVICE FUND (SERIES 2015)	$	397,658		
DEBT SERVICE FUND (SERIES 2018)	$	600,785		
TOTAL ALL FUNDS

SECTION 3.	BUDGET AMENDMENTS	$	1,098,495		

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2022/2023 or within 60 days following the end of the Fiscal Year 2022/2023 may amend its Adopted Budget for that fiscal year as follows:

The Board may authorize an increase or decrease in line item appropriations within a fund by motion recorded in the minutes if the total appropriations of the fund do not increase.

The District Manager or Treasurer may authorize an increase or decrease in line item appropriations within a fund if the total appropriations of the fund do not

increase and if the aggregate change in the original appropriation item does not exceed $10,000 or 10% of the original appropriation.

By resolution, the Board may increase any appropriation item and/or fund to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.

Any other budget amendments shall be adopted by resolution and consistent with Florida law.

The District Manager or Treasurer must establish administrative procedures to ensure that any budget amendments are in compliance with this Section 3 and Section 189.016, Florida Statutes, among other applicable laws. Among other procedures, the District Manager or Treasurer must ensure that any amendments to budget under subparagraphs c. and d. above are posted on the District’s website within 5 days after adoption and remain on the website for at least 2 years.

SECTION 4. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 16th DAY OF AUGUST, 2022.

ATTEST:	VILLAGEWALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary

By:	 Its:	

Village Walk Of Bonita Springs Community Development District

Final Budget For Fiscal Year 2022/2023
October 1, 2022 - September 30, 2023

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET (SERIES 2015)

DETAILED FINAL DEBT SERVICE FUND BUDGET (SERIES 2018)

ASSESSMENT COMPARISON

FINAL BUDGET
VILLAGE WALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR 2022/2023 BUDGET	
O & M ASSESSMENTS	100,052	
DEBT ASSESSMENTS - SERIES 2015	397,658	
DEBT ASSESSMENTS - SERIES 2018	600,785	
OTHER REVENUES	0	
INTEREST INCOME	360	
		
TOTAL REVENUES	$	1,098,855	
		
EXPENDITURES		
SUPERVISOR FEES	4,000	
PAYROLL TA;ES	320	
ENGINEERING/MAINTENANCE	37,000	
MANAGEMENT	42,192	
SECRETARIAL	4,200	
LEGAL	10,000	
ASSESSMENT ROLL	10,000	
AUDIT FEES	3,800	
ARBITRAGE REBATE FEE - SERIES 2015	650	
ARBITRAGE REBATE FEE - SERIES 2018	650	
INSURANCE	6,750	
LEGAL ADVERTISING	2,200	
MISCELLANEOUS	1,000	
POSTAGE	525	
OFFICE SUPPLIES	725	
DUES & SUBSCRIPTIONS	175	
WEBSITE MANAGEMENT	2,000	
TRUSTEE FEES - SERIES 2015	4,700	
TRUSTEE FEES - SERIES 2018	3,900	
CONTINUING DISCLOSURE FEE	1,000	
		
TOTAL EXPENDITURES	$	135,787	
		
REVENUES LESS EXPENDITURES	$	963,068	
		
BOND PAYMENTS - SERIES 2015	(377,775)	
BOND PAYMENTS - SERIES 2018	(570,746)	
		
BALANCE	$	1 ,5 7	
		
COUNTY APPRAISER & TA; COLLECTOR ADMINISTRATIVE COSTS	(10,984)	
DISCOUNTS FOR EARLY PAYMENTS	(43,940)	
		
EXCESS/ (SHORTFALL)	$	( 0,377)	
		
CARRYOVER FROM PRIOR YEAR	40,377	
		
NET EXCESS/ (SHORTFALL)	$	-	

Note: Projected Available Funds Balance As Of 9-30-22 is $155,000

DETAILED FINAL BUDGET
VILLAGE WALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR 2020/2021
ACTUAL	
FISCAL YEAR 2021/2022
BUDGET	
FISCAL YEAR 2022/2023
BUDGET	

COMMENTS	
O & M ASSESSMENTS	100,599	100,052	100,052	Expenditures Less Interest & Carryover/.95	
DEBT ASSESSMENTS - SERIES 2015	397,658	397,658	397,658	Bond Payments/.95	
DEBT ASSESSMENTS - SERIES 2018	600,785	600,785	600,785	Bond Payments/.95	
OTHER REVENUES	0	0	0		
INTEREST INCOME	361	360	360	Interest Projected At $30 Per Month	
					
TOTAL REVENUES	$	1,099,403	$	1,098,855	$	1,098,855		
					
EXPENDITURES					
SUPERVISOR FEES	1,200	4,000	4,000	Supervisor Fees	
PAYROLL TA;ES	92	320	320	Projected At 8 Of Supervisor Fees	
ENGINEERING/MAINTENANCE	6,964	37,000	37,000	Includes Street Testing	
MANAGEMENT	40,404	40,968	42,192	CPI Adjustment (Capped At 3 )	
SECRETARIAL	4,200	4,200	4,200	No Change From 2021/2022 Budget	
LEGAL	1,667	10,500	10,000	FY 21/22 Expenditure Through Dec 2021 Was $412	
ASSESSMENT ROLL	10,000	10,000	10,000	As Per Contract	
AUDIT FEES	3,600	3,700	3,800	Accepted Amount For 2021/2022 Audit	
ARBITRAGE REBATE FEE - SERIES 2015	650	650	650	No Change From 2021/2022 Budget	
ARBITRAGE REBATE FEE - SERIES 2018	650	650	650	No Change From 2021/2022 Budget	
INSURANCE	5,789	6,500	6,750	Insurance Estimate	
LEGAL ADVERTISING	2,737	2,000	2,200	$200 Increase From 2021/2022 Budget	
MISCELLANEOUS	544	1,000	1,000	No Change From 2021/2022 Budget	
POSTAGE	118	550	525	$25 Decrease From 2021/2022 Budget	
OFFICE SUPPLIES	216	750	725	$25 Decrease From 2021/2022 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2021/2022 Budget	
WEBSITE MANAGEMENT	2,000	2,000	2,000	No Change From 2021/2022 Budget	
TRUSTEE FEES - SERIES 2015	4,327	4,700	4,700	No Change From 2021/2022 Budget	
TRUSTEE FEES - SERIES 2018	3,709	3,900	3,900	No Change From 2021/2022 Budget	
CONTINUING DISCLOSURE FEE	1,000	1,000	1,000	No Change From 2021/2022 Budget	
					
TOTAL EXPENDITURES	$	90,042	$	134,563	$	135,787		
					
REVENUES LESS EXPENDITURES	$	1,009,361	$	964,292	$	963,068		
					
BOND PAYMENTS - SERIES 2015	(381,088)	(377,775)	(377,775)	2023 P& I Payments	
BOND PAYMENTS - SERIES 2018	(575,752)	(570,746)	(570,746)	2023 P& I Payments	
					
BALANCE	$	52,521	$	15,771	$	14,547		
					
COUNTY APPRAISER & TA; COLLECTOR ADMINISTRATIVE COSTS	(3,272)	(10,984)	(10,984)	One Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(41,718)	(43,940)	(43,940)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	7,531	$	(39,153)	$	(40,377)		
					
CARRYOVER FROM PRIOR YEAR	0	39,153	40,377	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	7,531	$	-	$	-		

Note: Projected Available Funds Balance As Of 9-30-22 is $155,000

DETAILED FINAL DEBT SERVICE (SERIES 2015) FUND BUDGET
VILLAGE WALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2020/2021 ACTUAL	FISCAL YEAR 2021/2022 BUDGET	FISCAL YEAR 2022/2023 BUDGET	

COMMENTS	

Interest Income	
19	
25	
25	
Projected Interest For 2022/2023	

NAV Collection	
381,088	
377,775	
377,775	
Maximum Debt Service Collection	

Total Revenues	
$	381,107	
$	377,800	
$	377,800		

EXPENDITURES					

Principal Payments	
220,000	
230,000	
235,000	
Principal Payment Due In 2023	

Interest Payments	
153,944	
144,181	
136,981	
Interest Payments Due In 2023	

Bond Redemption	
15,000	
3,619	
5,819	

Estimated Excess Debt Collections	

Total Expenditures	
$	388,944	
$	377,800	
$	377,800		

Excess/ (Shortfall)	
$	(7,837)	
$	-	
$	-		

Series 2015 Bond Refunding Information
Original Par Amount =	$5,625,000	Annual Principal Payments Due =	May 1st	
Interest Rate =
Issue Date =	2.00% - 3.625%
January 2015	Annual Interest Payments Due =	May 1st & November 1st	
Maturity Date =	May 2036			

Par Amount As Of 1/1/2022 =	
$4,315,000			

DETAILED FINAL DEBT SERVICE (SERIES 2018) FUND BUDGET
VILLAGE WALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2020/2021 ACTUAL	FISCAL YEAR 2021/2022 BUDGET	FISCAL YEAR 2022/2023 BUDGET	

COMMENTS	

Interest Income	
18	
100	
25	
Projected Interest For 2022/2023	

NAV Collection	
575,752	
570,746	
570,746	
Maximum Debt Service Collection	

Total Revenues	
$	575,770	
$	570,846	
$	570,771		

EXPENDITURES					

Principal Payments	
335,000	
346,000	
358,000	
Principal Payment Due In 2023	

Interest Payments	
239,785	
223,275	
211,835	
Interest Payments Due In 2023	

Bond Redemption	
0	
1,571	
936	
Estimated Excess Debt Collections	

Total Expenditures	
$	574,785	
$	570,846	
$	570,771		

Excess/ (Shortfall)	
$	985	
$	-	
$	-		

Series 2018 Bond Refunding Information
Original Par Amount =	$8,382,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	3.25% - 5.15%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	January 2018			
Maturity Date =

Par Amount As Of 1/1/2022 =	May 2037

$7,043,000			

Village Walk Community Development District Assessment Comparison

	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
Lot		2019/2020	2020/2021	2021/2022	2022/2023	
	Size				Assessment*			Assessment*			Assessment*			Projected Assessment*		
Phases I & 2						
Townhome 26 	O & M	$	60.46	$	60.46	$	60.46	$	60 46	
Cayman	Debt	$	494.57	$	494.57	$	494.57	$	494 57	
	Total	$	555.03	$	555.03	$	555.03	$	555 03	
Duplex 36 	O & M	$	60.46	$	60.46	$	60.46	$	60 46	
Capri	Debt	$	494.57	$	494.57	$	494.57	$	494 57	
	Total	$	555.03	$	555.03	$	555.03	$	555 03	
Single Family 50 	O & M	$	60.46	$	60.46	$	60.46	$	60 46	
Oakmont	Debt	$	581.92	$	581.92	$	581.92	$	581 92	
	Total	$	642.38	$	642.38	$	642.38	$	642 38	
Single Family 60 	O & M	$	60.46	$	60.46	$	60.46	$	60 46	
Carlyle	Debt	$	669.25	$	669.25	$	669.25	$	669 25	
	Total	$	729.71	$	729.71	$	729.71	$	729 71	
Phases 3 & 4										
Townhome 26 	O & M	$	60.46	$	60.46	$	60.46	$	60 46	
Cayman	Debt	$	600.00	$	541.00	$	541.00	$	541 00	
	Total	$	660.46	$	601.46	$	601.46	$	601 46	
Duplex 36 	O & M	$	60.46	$	60.46	$	60.46	$	60 46	
Capri	Debt	$	600.00	$	541.00	$	541.00	$	541 00	
	Total	$	660.46	$	601.46	$	601.46	$	601 46	
Single Family 40 	O & M	$	60.46	$	60.46	$	60.46	$	60 46	
Garden	Debt	$	680.00	$	611.00	$	611.00	$	611 00	
	Total	$	740.46	$	671.46	$	671.46	$	671 46	
Single Family 50 	O & M	$	60.46	$	60.46	$	60.46	$	60 46	
Oakmont	Debt	$	706.00	$	636.00	$	636.00	$	636 00	
	Total	$	766.46	$	696.46	$	696.46	$	696 46	
Single Family 50 	O & M	$	60.46	$	60.46	$	60.46	$	60 46	
Classic	Debt	$	796.00	$	719.00	$	719.00	$	719 00	
	Total	$	856.46	$	779.46	$	779.46	$	779 46	
Single Family 60 	O & M	$	60.46	$	60.46	$	60.46	$	60 46	
Carlyle	Debt	$	812.00	$	732.00	$	732.00	$	732 00	
	Total	$	872.46	$	792.46	$	792.46	$	792 46	
Single Family 65 	O & M	$	60.46	$	60.46	$	60.46	$	60 46	
Estate	Debt	$	912.00	$	821.00	$	821.00	$	821 00	
	Total	$	972.46	$	881.46	$	881.46	$	881 46	

* Assessments Include the Following :	
4% Discount for Early Payments
1% County Tax Collector Costs/Property Appraiser Costs

Community Information:	
Phase I
	No. of Units		
	Type		
	Name		Maximum Annual
	Debt Assessment		
  Bond Prepayments 	
126	Townhome	Cayman	$	494.57	1	
356	Duplex	Capri/Carrington	$	494.57	4	
195	SF	Oakmont	$	581.92	1	
	73		SF	Carlyle	$	669.25		0		
750				6	

Phase II
	No. of Units		

	Type		

	Name		
Maximum Annual
	Debt Assessment		

  Bond Prepayments 	
Lot
	Differential Prepayment*		
112	Townhouse	Cayman	$	541	0	0	
76	Duplex	Capri/Carrington	$	541	0	0	
307	SF	Garden	$	611	0	(133)	
127	SF	Oakmont	$	636	0	(10)	
215	SF	Classic	$	719	0	64	
33	SF	Carlyle	$	732	0	0	
	74		SF	Estate	$	821		0			40		
944				0	-39	

* Developer made Bond Prepayment in November 2015 for 39 lot differential (143 Units replaced with 104 Units)
Phase 1	750
	Phase 2	905	
Total Units	1655

RESOLUTION 2022‐03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VILLAGEWALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2022/2023; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the VillageWalk of Bonita Springs Community Development District (“District”) is a local unit of special‐purpose government established pursuant to Chapter 190, Florida Statutes, for the purpose of providing, operating and maintaining infrastructure improvements, facilities and services to the lands within the District; and

WHEREAS, the District is located in Lee County, Florida (“County”); and

WHEREAS, the District has constructed or acquired various infrastructure improvements and provides certain services in accordance with the District’s adopted capital improvement plan and Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors (“Board”) of the District hereby determines to undertake various operations and maintenance and other activities described in the District’s budget (“Adopted Budget”) for the fiscal year beginning October 1, 2022 and ending September 30, 2023 (“Fiscal Year 2022/2023”), attached hereto as Exhibit “A” and incorporated by reference herein; and

WHEREAS, the District must obtain sufficient funds to provide for the operation and maintenance of the services and facilities provided by the District as described in the Adopted Budget; and

WHEREAS, the provision of such services, facilities, and operations is a benefit to lands within the District; and

WHEREAS, Chapter 190, Florida Statutes, provides that the District may impose special assessments on benefitted lands within the District; and

WHEREAS, it is in the best interests of the District to proceed with the imposition of the special assessments for operations and maintenance in the amount set forth in the Adopted Budget; and

WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect for Fiscal Year 2022/2023; and

WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to which such special assessments may be placed on the tax roll and collected by the local tax collector (“Uniform Method”), and the District has previously authorized the use of the Uniform Method by, among other things, entering into agreements with the Property Appraiser and Tax Collector of the County for that purpose; and

WHEREAS, it is in the best interests of the District to adopt the Assessment Roll of the VillageWalk of Bonita Springs Community Development District (“Assessment Roll”) attached to this Resolution as Exhibit “B” and incorporated as a material part of this Resolution by this reference, and to certify the Assessment Roll to the County Tax Collector pursuant to the Uniform Method; and

WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll, certified to the County Tax Collector by this Resolution, as the Property Appraiser updates the property roll for the County, for such time as authorized by Florida law.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE VILLAGEWALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1.  BENEFIT & ALLOCATION FINDINGS. The Board hereby finds and determines that the provision of the services, facilities, and operations as described in Exhibit “A” confers a special and peculiar benefit to the lands within the District, which benefit exceeds or equals the cost of the assessments. The allocation of the assessments to the specially benefitted lands, as shown in Exhibits “A” and “B,” is hereby found to be fair and reasonable.

SECTION 2.  ASSESSMENT IMPOSITION. Pursuant to Chapter 190, Florida Statutes, and using the procedures authorized by Florida law for the levy and collection of special assessments, a special assessment for operation and maintenance is hereby imposed and levied on benefitted lands within the District, and in accordance with Exhibits “A” and “B.” The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be effective upon passage of this Resolution. Moreover, pursuant to Section 197.3632(4), Florida Statutes, the lien amount shall serve as the “maximum rate” authorized by law for operation and maintenance assessments.

SECTION 3. COLLECTION. The collection of the operation and maintenance special assessments and previously levied debt service assessments shall be at the same time and in the same manner as County taxes in accordance with the Uniform Method, as indicated on Exhibits “A” and “B.” The decision to collect special assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect special

assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.

SECTION 4. ASSESSMENT ROLL. The Assessment Roll, attached to this Resolution as Exhibit “B,” is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County taxes. The proceeds therefrom shall be paid to the District.

SECTION 5.  Assessment Roll Amendment. The District Manager shall keep apprised of all updates made to the County property roll by the Property Appraiser after the date of this Resolution, and shall amend the Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County property roll. After any amendment of the Assessment Roll, the District Manager shall file the updates in the District records.

SECTION 6. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

SECTION 7. EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.

PASSED AND ADOPTED this 16th day of August, 2022.

ATTEST:	VILLAGEWALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary

By:	 Its:		

Exhibit A:	Budget
Exhibit B:	Assessment Roll

RESOLUTION NO. 2022-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VILLAGEWALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2022/2023 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, it is necessary for the VillageWalk of Bonita Springs Community Development District ("District") to establish a regular meeting schedule for fiscal year 2021/2022; and

WHEREAS, the Board of Supervisors of the District has set a regular meeting schedule, location and time for District meetings for fiscal year 2022/2023 which is attached hereto and made a part hereof as Exhibit “A”.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE VILLAGEWALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT, LEE COUNTY, FLORIDA, AS FOLLOWS:

Section 1.   The above recitals are hereby adopted.

Section 2.  The regular meeting schedule, time and location for meetings for fiscal year 2022/2023 which is attached hereto as Exhibit “A” is hereby adopted and authorized to be published.

PASSED, ADOPTED and EFFECTIVE this 16th day of August, 2022.

ATTEST:	VILLAGEWALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

VILLAGEWALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2022/2023 REGULAR MEETING SCHEDULE

NOTICE IS HEREBY GIVEN that the Board of Supervisors of the VillageWalk of Bonita Springs Community Development District will hold Regular Meetings at 3:00 p.m. in the Town Center at VillageWalk of Bonita Springs located at 15321 Latitude Drive, Bonita Springs, Florida 34135, on the following dates:

October 18, 2022
November 15, 2022
December 20, 2022
January 17, 2023
February 21, 2023
March 21, 2023
April 18, 2023
May 16, 2023
June 20, 2023
July 18, 2023
August 15, 2023
September 19, 2023

The purpose of the meetings is to conduct any business coming before the Board. Meetings are open to the public and will be conducted in accordance with the provisions of Florida law. Copies of the Agendas for any of the meetings may be obtained from the District’s website or by contacting the District Manager at (561) 630-4922 and/or toll free at 1-877-737-4922 prior to the date of the particular meeting.

From time to time one or more Supervisors will participate by telephone; therefore, a speaker telephone will be present at the location of these meetings so that Supervisors can attend the meetings and be fully informed of the discussions taking place either in person or by telephone. Meetings may be continued to a date, time, and place certain to be specified on the record.

If any person decides to appeal any decision made with respect to any matter considered at these meetings, such person will need a record of the proceedings and such person may need to insure that a verbatim record of the proceedings is made at his or her own expense and which record includes the testimony and evidence on which the appeal is based.

In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accommodations or an interpreter to participate at any of these meetings should contact the District Manager at (561) 630-4922 and/or at toll free 1-877-737-4922 at least seven (7) days prior to the date of the particular meeting.

Meetings may be cancelled from time to time without advertised notice.

VILLAGEWALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT

www.villagewalkbonitaspringscdd.org PUBLISH: NAPLES DAILY NEWS

RETENTION AND FEE AGREEMENT

PARTIES

THIS RETENTION AND FEE AGREEMENT (“Agreement”) is made and entered into by and between the following parties:

Villagewalk of Bonita Springs Community Development District (“Client”) c/o Special District Services, Inc
2501A Burns Road
Palm Beach Gardens, Florida 33410 and
Kutak Rock LLP (“Kutak Rock”)
P.O. Box 10230
Tallahassee, Florida 32302

SCOPE OF SERVICES

In consideration of the mutual undertakings and agreements contained herein, the parties agree as follows:

The Client agrees to employ and retain Kutak Rock as its attorney and legal representative for general advice, counseling and representation of Client and its Board of Supervisors.

Kutak Rock accepts such employment and agrees to serve as attorney for and provide legal representation to the Client in connection with those matters referenced above. No other legal representation is contemplated by this Agreement. Any additional legal services to be provided under the terms of this Agreement shall be agreed to by Client and Kutak Rock in writing. Unless set forth in a separate agreement to which Client consents in writing, Kutak Rock does not represent individual members of the Client’s Board of Supervisors.

CLIENT FILES

The files and work product materials (“Client File”) of the Client generated or received by Kutak Rock will be maintained confidentially to the extent permitted by law and in accordance with the Florida Bar rules. At the conclusion of the representation, the Client File will be stored by Kutak Rock for a minimum of five (5) years. After the five (5) year storage period, the Client hereby acknowledges and consents that Kutak Rock may confidentially destroy or shred the Client File. Notwithstanding the prior sentence, if the Client provides Kutak Rock with a written request for the return of the Client File before the end of the five (5) year storage period, then Kutak Rock will return the Client File to Client at Client’s expense.

FEES

The Client agrees to compensate Kutak Rock for services rendered in connection with any matters covered by this Agreement on an hourly rate basis plus actual expenses incurred by Kutak Rock in accordance with the attached Expense Reimbursement Policy (Attachment A, incorporated herein by reference). Time will be billed in increments of one-tenth (1/10) of an hour. Certain work related to issuance of bonds and bond anticipation notes may be performed under a flat fee to be separately established prior to or at the time of bond or note issuance.

Attorneys and staff, if applicable, who perform work for Client will be billed at their regular hourly rates, as may be adjusted from time to time. The regular hourly rates of those initially expected to handle the bulk of Client’s work are as follows:

Wesley S. Haber	$260	
Associates	$170-$200	
Paralegals	$125	

Kutak Rock’s regular hourly billing rates are reevaluated annually and are subject to change not more than once in a calendar year. Client agrees to Kutak Rock’s annual rate increases to the extent hourly rates are not increased beyond $15/hour.

To the extent practicable and consistent with the requirements of sound legal representation, Kutak Rock will attempt to reduce Client’s bills by assigning each task to the person best able to perform it at the lowest rate, so long as he or she has the requisite knowledge and experience.

Upon consent of Client, Kutak Rock may subcontract for legal services in the event that Client requires legal services for which Kutak Rock does not have adequate capabilities.

Kutak Rock will include costs and expenses (including interest charges on past due statements) on its billing statements for Client reimbursement in accordance with the attached Expense Reimbursement Policy.

BILLING AND PAYMENT

The Client agrees to pay Kutak Rock’s monthly billings for fees and expenses incurred within thirty (30) days following receipt of an invoice, or the time permitted by Florida law, whichever is greater. Kutak Rock shall not be obligated to perform further legal services under this Agreement if any such billing statement remains unpaid longer than thirty (30) days after submittal to and receipt by Client. Non-payment of billing statements shall be a basis for Kutak Rock to immediately withdraw from the representation without regard to remaining actions necessitating attention by Kutak Rock as part of the representation.

DEFAULT; VENUE

In any legal proceeding to collect outstanding balances due under this Agreement, the prevailing party shall be entitled to recover reasonable attorneys’ fees in addition to costs and outstanding balances due under this Agreement. Venue of any such action shall be exclusive in the state courts of the Second Judicial Circuit in and for Leon County, Florida.

CONFLICTS

It is important to disclose that Kutak Rock represents a number of special districts, trustees (“Trustees”), bondholders, developers, builders, and other entities throughout Florida and the United States of America relating to community development districts, special districts, local governments and land development. Kutak Rock or its attorneys may also have represented the entity which petitioned for the formation of the Client. Kutak Rock understands that Client may enter into an agreement with a Trustee in connection with the issuance of bonds, and that Client may request that Kutak Rock simultaneously represent Client in connection with the issuance of bonds, while Kutak Rock is also representing such Trustee on unrelated matters. By accepting this Agreement Client agrees that (1) Client was provided with an explanation of the implications of the common representation(s) and the advantages and risks involved; (2) Kutak Rock will be able to provide competent and diligent representation of Client, regardless of Kutak Rock’s other representations, and (3) there is not a substantial risk that Kutak Rock’s representation of Client would be materially limited by Kutak Rock’s responsibilities to another client, a former client or a third person or by a personal interest. Acceptance of this Agreement will constitute Client’s waiver of any “conflict” with Kutak Rock’s representation of various special districts, Trustees, bondholders, developers, builders, and other entities relating to community development districts, special districts, local governments and land development.

ACKNOWLEDGMENT

Client acknowledges that the Kutak Rock cannot make any promises to Client as to the outcome of any legal dispute or guarantee that Client will prevail in any legal dispute.

TERMINATION

Either party may terminate this Agreement upon providing prior written notice to the other party at its regular place of business. All fees due and payable in accordance with this Agreement shall accrue and become payable pursuant to the terms of this Agreement through the date of termination.

EXECUTION OF AGREEMENT

This Agreement shall be deemed fully executed upon its signing by Kutak Rock and the Client. The contract formed between Kutak Rock and the Client shall be the operational contract between the parties.

ENTIRE CONTRACT
This Agreement constitutes the entire agreement between the parties.

Accepted and Agreed to:

VILLAGEWALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT

By:	

KUTAK ROCK LLP

By:	

Its:		Its: 	

Date:		Date:	

ATTACHMENT A

KUTAK ROCK LLP
CDD EXPENSE REIMBURSEMENT POLICY

The following is Kutak Rock’s expense reimbursement policy for community development district representation. This policy applies unless a different arrangement has been negotiated based on the unique circumstances of a particular client or matter.

All expenses are billed monthly. Billings ordinarily reflect expenses for the most recent month, except where there are delays in receiving bills from third party vendors.

Photocopying and Printing. In-house photocopying and printing are charged at $0.25 per page (black & white) and $0.50 per page (color). Outside copying is billed as a pass-through of the outside vendor's charges.

Postage. Postage is billed at actual cost.

Overnight Delivery. Overnight delivery is billed at actual cost.

Local Messenger Service. Local messenger service is billed at 44.5 cents per mile pursuant to Section 112.061, Florida Statutes. Should the State increase the mileage allowance specified in Section 112.061, Florida Statutes, Kutak Rock shall, without further action, be entitled to reimbursement at the increased rate.

Computerized Legal Research. Charges for computerized legal research are billed at an amount approximating actual cost.

Travel. Travel (including air fare, rental cars, taxicabs, hotel, meals, tips, etc.) is billed at actual cost. Where air travel is required, coach class is used wherever feasible. Out-of-town mileage is billed at 44.5 cents per mile pursuant to Section 112.061, Florida Statutes. Should the State increase the mileage allowance specified in Section 112.061, Florida Statutes, Kutak Rock shall, without further action, be entitled to reimbursement at the increased rate. Reasonable travel- related expenses for meals, lodging, gratuities, taxi fares, tolls, and parking fees shall also be reimbursed.

Consultants. Unless prior arrangements are made, consultants are ordinarily employed directly by the client. Where consulting or testifying experts are employed by the firm, their charges are passed through with no mark-up. The client is responsible for notifying the firm of any particular billing arrangements or procedures which the client requires of the consulting or testifying experts.

Other Expenses. Other outside expenses, such as court reporters, agency copies, conference calls, etc. are billed at actual cost.