VILLAGEWALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT

LEE COUNTY Regular Board Meeting
MARCH 18, 2025
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
March 18, 2025
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 on the Agenda
Approval of Minutes
February 18, 2025 Regular Board Meeting…	Page 2
Old Business
New Business
HOA Report Update…	Page 6
Maintenance of VillageWalk West Wall
Bonita Beach Road Street Lighting Correspondence
Discussion on Best Environmental Practices…	Page 9
Pool Water Discharge BMP Comments
Consider Resolution No. 2025-01 – Adopting a Fiscal Year 2025/2026 Proposed Budget…	Page 11
Administrative Reports
Manager’s Report
Next Meeting Date – April 15
Engineer’s Report
Attorney’s Report
Comments from the Public for Items Not on the Agenda
Board Member Comments
Adjourn

Publication Date 2025-03-07

Subcategory Miscellaneous Notices

VILLAGEWALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT
NOTICE OF REGULAR BOARD OF SUPERVISORS MEETING.
The Board of Supervisors (Board) of the VillageWalk of Bonita Springs Community Development District (District) will hold a Regular Board of Supervisors Meeting on March 18, 2025, at 3:00 p.m. at the Town Center at VillageWalk of Bonita Springs located at 15321 Latitude Drive, Bonita Springs, Florida 34135 where the Board may consider any business that may properly come before it. A copy of the agenda may be obtained at the offices of the District Manager, Special District Services, Inc., 27499 Riverview Center Blvd., #253, Bonita Springs, Florida 34134, (941) 786-3726 (District Managers Office), during normal business hours, or by visiting the Districts website at www.villagewalkbonitaspringscdd.org.
The meeting is open to the public and will be conducted in accordance with the provisions of Florida law. The meeting may be continued to a date, time, and place to be specified on the record at the meeting. There may be occasions when Board Supervisors or District Staff may participate by speaker telephone.
Any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Managers Office at least forty-eight (48) hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY)
/ 1-800-955-8770 (Voice), for aid in contacting the District Managers Office.
Each person who decides to appeal any decision made by the Board with respect to any matter considered at the meeting is advised that person will need a record of proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.
Meetings may be cancelled from time to time without advertised notice. Kathleen Meneely
District Manager
VILLAGEWALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT
www.villagewalkbonitaspringscdd.org 3/7/25

Page 1

VILLAGEWALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
FEBRUARY 18, 2025

CALL TO ORDER

The February 18, 2025, 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 February 7, 2025, as legally required.

ESTABLISH A QUORUM

A quorum was established with the following Supervisors present:

Chairperson	Greg Janiec	Present	
Vice Chairman	Jerry Robinson	Present	
Supervisor	Dan Ellabarger	Present	
Supervisor	JB Schuetz	Present	
Supervisor	Clay Robinson	Present	

Staff members in attendance were:

District Manager	Kathleen Meneely	Special District Services, Inc.	
General Counsel	Wes Haber (via phone)	Kutak Rock	
District Engineer	Chris Wright (via phone)	RWA, Inc.	

Also present were the following: Jeff Walk of Special District Services, Inc. (via phone); Kara Blewett & Joseph Strathmann – VillageWalk HOA Management; Debbie DeNoia, Dolores Damiano-Szafran and Randy Van Alstine.

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
January 21, 2025, Regular Board Meeting
The January 21, 2025, Regular Board Meeting minutes were presented for consideration.
Page 1 of 4

Mr. Shuetz advised that on Page 5, Item K, third paragraph down, the word “pool” should be “pond.”

A motion was made by Mr. C. Robinson, seconded by Mr. J. Robinson and passed unanimously approving the minutes of the January 21, 2025, Regular Board Meeting, as amended.

OLD BUSINESS

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

NEW BUSINESS
Presentation – CDD 101 Government Fund Reserves Primer

Mr. Ellabarger stated he had worked with Jeff Walker on the presentation and went over the report that was provided in the agenda packet, which outlined a detailed overview of the District’s General and Debt Service funds, noting that the reserves could not be co-mingled. Mr. Van Alstine asked when the bonds would be paid off and Ms. Meneely stated in 2035 and 2036. Mr. Haber added that when the CDD no longer has the bonds, the District can be dissolved but added that some Districts remain for the sovereign immunity benefit, which the HOA does not have. Mr. Walker stated that the O&M rate had remained the same in the District since 2013. Mr. Janiec thanked Messrs. Ellabarger and Walker for the presentation.

Discussion Regarding February 7, 2025, Chairman’s Meeting with HOA
Mr. Janiec stated that he had met with members of the HOA and management to discuss the littoral plantings. He had explained in the meeting that the authority to plant in the District’s easements was not covered by the maintenance agreement. He reported that the HOA’s goal was to start the plantings in March.

HOA Report Update

Ms. Meneely stated that the HOA’s report was included in the agenda packet and asked if there were any questions. Mr. Schuetz mentioned that he had walked the lakes last week and asked what the game plan was for replacing diffusers, noting that many were not working. Mr. J. Robinson stated that an aerator being down was different than a diffuser, as one pump can be down and take out several aerators. He added that it would be helpful if the goal was to put the aerators back to their original locations. Mr. Janiec stated that Advanced Aquatics had a game plan to address the issue pursuant to the HOA report.

Consider Littoral Planting Locations

Mr. Janiec stated that the location map presented by the HOA was in the agenda packet and everyone had had time to review same. He pointed out that this was a multi-year phased approach. Mr. Ellabarger commented that the plantings seemed to be clustered around the Town Center and Mr. VanAlstine stated that was where people would appreciate the plantings most, as they would be the most visible. He continued that this was the beginning of a five-year plan. Mr. Schuetz asked about eroding areas in 35, 37 & 38 and Mr. VanAlstine stated they would be addressed. Mr. Ellabarger asked when the Board would be updated and Mr. VanAlstine indicated that when everything was done the HOA would make a presentation on how everything
Page 2 of 4

went during the first year, adding that he wanted to keep people enthused. Mr. J. Robinson indicated that he understood the ground swell in favor of aesthetics and would like to see Phase Two address the worst erosion areas in the future. Mr. VanAlstine stated that the engineer’s report would guide that and added that if there was extra money in the fall they would look at those areas. There was general discussion on various locations and adjustments, noting that changes may be necessary based on the recommendations of Advanced Aquatics. Mr. Janiec stated that he did not want to delay the project and suggested moving forward with the caveat that some locations are general and may change.

After further discussion, a motion was made by Mr. Janiec, seconded by Mr. Ellabarger and passed unanimously approving the littoral plantings plan at locations depicted on the map provided by the HOA, noting that the locations were general for this calendar year, minor adjustments for constructability and available HOA funding are authorized, and discussions would take place for future phases.

Discussion Regarding Best Environmental Practices
Pool Water Discharge
Mr. Janiec handed out an example for the Board to review and discuss at a future meeting. Mr.
C. Robinson stated that Lee County had recommendations on the issue and using their guide may be helpful in that contractors should not be discharging into the lake. He continued that Orange County had a terrific guidance manual that he can provide for the next agenda. Mr. Janie suggested giving the guides to the HOA so they can see the direction the District is going with providing best practices.

ADMINISTRATIVE MATTERS
Manager’s Report

Ms. Meneely advised that the next meeting was scheduled for March 18, 2025, when the proposed budget would be presented. She requested that the Board Members review the current budget and let her know if there are changes or additions to be considered in the proposed budget. She further noted that the budget Public Hearing would be scheduled for June 17, 2025.

Engineer’s Report

Mr. Wright had nothing further to report. Mr. Janiec suggested that he take a look at the littoral planting map and marry it to the engineer’s report.

Attorney’s Report

Mr. Haber stated that at the last meeting there were discussions on the City’s obligations and he thought he had sent an update but had not. He added that he would give an update at the next meeting. He also stated that he would follow up on the roadway issues and put something in writing to the District handling those issues. It was the consensus of the Board that he do so as there were still problems with lighting and potholes.
COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

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

Page 3 of 4

BOARD MEMBER COMMENTS

There were no further comments from the Board Members.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Mr. Janiec, seconded by Mr. J. Robinson and passed unanimously adjourning the Regular Board Meeting at 4:05 p.m.

Secretary/Assistant Secretary	Chair/Vice-Chair

Page 4 of 4

From: Kara Blewett <kblewett@kwpmc.com>
Sent: Monday, March 10, 2025 12:47 PM
To: Kathleen Meneely <kmeneely@sdsinc.org>
Subject: HOA Report Hi Kathleen,
The Map that was forwarded last week is to be included with the HOA Report:
Littorals update: Mike, Kara and Randy met with three Advanced Aquatics Littoral staf members Thursday March 6 in which a short discussion occurred followed by a ﬁeld trip to examine several areas of concern. AA suggested a remedy for some severe erosion areas in Quad 4 that must be addressed before littorals can be considered. Remediation of these areas will need to be addressed by Briteview and Napier and will take place as soon as both have crews available. Once the work is ﬁnished littorals will be considered in those sites in our second phase. AA is now anticipating prep work and planting at several sites on our approved map as early as next week. An addendum to our basic Lakes contract is being ﬁnalized for the Littoral program . We have reviewed their suggested contract and made some changes more favorable for us and are just waiting for their ﬁnal approval. The Addendum has been reviewed by our attorney with some suggested changes. Looking forward to getting this program of the ground.
Aerator cabinets servicing Laughing Gull, Kipper, Jewelﬁsh, Reef, and SeaStar have been reinstalled. Working with Advanced Aquatic on why 15 is still down. We know this is an area to correct. Requesting info on Aerator 6.
Front exit fountain returned after warranty work. Routine maintenance scheduled for both.
Kara Blewett, LCAM
General Manager
KW PROPERTY MANAGEMENT & CONSULTING
VillageWalk Bonita Springs 15291 Latitude Drive Bonita Springs, FL 34135 239-498-7000
kblewett@kwpmc.com www.kwpmc.com

Page 7

Page 8

Swimming Pool Discharge to Village Walk Lakes February 18, 2025
Issue
As the community ages, many of the private pools will require repair and replastering which will require removing water from the pool. Members of the CDD Board have observed pool water being discharged directly to the lake. If the average private pool is 20’L x 10’W x 5’D = 1,000 ft3 x 7.5 gal./ft3 = 7,500 gallons. A slug of this volume hitting the lake containing chlorine and other pool chemicals may have detrimental effects on the lake quality and aquatic life. Typical chlorine levels in a pool are 2-3 ppm. Shocked pools may have chlorine levels exceeding 10 ppm. Additionally, there are other acidic and alkaline cleaning, algaecide and descaling compounds present in the pool water that can be detrimental to the lake’s water quality. Subsection 62-302.530 (19), FL Administrative Code (FAC) limits discharge of chlorine to be less than 0.01 milligrams/Liter (mg/L). Additionally turbidity associated with backwashing and cleaning can also violate surface water quality standards. Dechlorinated personal swimming pool discharges are authorized under the conditions established in 62-624.200(2)(q).
Guidance From FL Department of Environmental Protection
To help protect Florida’s environment, the following best management practices should be followed when draining swimming pools or discharging ﬁlter backwash into the environment.
Only drain your pool when necessary. Avoid draining/backwashing your pool during periods of drought and during signiﬁcant rainfall events. Do not drain your pool when watering restrictions are in place.
Before draining your pool, allow the water to stand for at least 48 hours after the last addition of chlorine or until the free chlorine residual is ≤0.01mg/L. (If you need to drain your pool quickly, you can purchase chlorine-neutralizing chemicals such as sodium thiosulfate at your local pool supply company.)
Test the free chlorine residual before discharging. A free chlorine residual should not be detected. The chlorine residual can be tested using a standard pool test it. (Refer to 64E- 9.004(11), F.A.C. for additional information).
The water should be clear and free of solids.
The pH must be between 6.5 and 8.5 before it is discharged.

Algaecides containing copper or silver can interrupt algal and plant growth in surface water bodies and should be used with caution. Follow the manufacturer’s instructions before discharging water that has had an algaecide added recently.
Control the rate of discharge to avoid erosion and nuisance conditions for neighboring properties. Nuisance conditions such as the creation of odors, mosquito breeding conditions or ﬂooding can occur when water is ponded for a prolonged period.
Direct the discharge over a vegetated surface so that some level of ﬁltration can occur.
Do not discharge on areas recently treated with herbicides or pesticides.

Additional information may be found at: https://ﬂoridadep.gov/sites/default/ﬁles/FGLP_BMP_%20STORMWATER_POLLUTION_PRE VENTION_2020.pdf

RESOLUTION NO. 2025-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VILLAGEWALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2025/2026; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (“Board”) of the VillageWalk Of Bonita Springs Community Development District (“District”) is required by Chapter 190.008, Florida Statutes, to approve a Proposed Budget for each fiscal year; and,

WHEREAS, the Proposed Budget including the Assessments for Fiscal Year 2025/2026 has been prepared and considered by the Board.

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

Section 1.  The Proposed Budget including the Assessments for Fiscal Year 2025/2026 attached hereto as Exhibit “A” is approved and adopted.

Section 2.   A Public Hearing is hereby scheduled for June 17, 2025 at 3:00 p.m. in
the Town Center at VillageWalk of Bonita Springs, 15321 Latitude Drive, Bonita Springs, Florida 34135, for the purpose of receiving public comments on the Proposed Fiscal Year 2025/2026 Budget.

PASSED, ADOPTED and EFFECTIVE this 18th day of March, 2025.

ATTEST:	VILLAGEWALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairman/Vice Chairman

Village Walk Of Bonita Springs Community Development District

Proposed Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2015)

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2018)

ASSESSMENT COMPARISON

PROPOSED BUDGET
VILLAGE WALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2025/2026 BUDGET	
O & M ASSESSMENTS	100,052	
DEBT ASSESSMENTS - SERIES 2015	397,658	
DEBT ASSESSMENTS - SERIES 2018	600,785	
OTHER REVENUES	0	
INTEREST INCOME	1,800	
		
TOTAL REVENUES	$	1,100,295	
		
EXPENDITURES		
SUPERVISOR FEES	9,600	
PAYROLL TAXES	768	
ENGINEERING/MAINTENANCE	30,000	
SPECIAL PROJECTS	10,000	
MANAGEMENT	46,044	
SECRETARIAL	4,200	
LEGAL	10,500	
ASSESSMENT ROLL	10,000	
AUDIT FEES	4,100	
ARBITRAGE REBATE FEE - SERIES 2015	650	
ARBITRAGE REBATE FEE - SERIES 2018	650	
INSURANCE	7,800	
LEGAL ADVERTISING	2,700	
MISCELLANEOUS	1,075	
POSTAGE	450	
OFFICE SUPPLIES	675	
DUES & SUBSCRIPTIONS	175	
WEBSITE MANAGEMENT	2,000	
TRUSTEE FEES - SERIES 2015	4,400	
TRUSTEE FEES - SERIES 2018	3,800	
CONTINUING DISCLOSURE FEE	1,000	
		
TOTAL EXPENDITURES	$	150,587	
		
REVENUES LESS EXPENDITURES	$	949,708	
		
BOND PAYMENTS - SERIES 2015	(377,775)	
BOND PAYMENTS - SERIES 2018	(570,746)	
		
BALANCE	$	1,187	
		
COUNTY APPRAISER & TAX COLLECTOR ADMINISTRATIV	(10,984)	
DISCOUNTS FOR EARLY PAYMENTS	(43,940)	
		
EXCESS/ (SHORTFALL)	$	(53,737)	
		
CARRYOVER FROM PRIOR YEAR	53,737	
		
NET EXCESS/ (SHORTFALL)	$	-	

Note: Projected Available Funds Balance As Of 9-30-25 is $165,000

DETAILED PROPOSED BUDGET
VILLAGE WALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2023/2024 ACTUAL	
FISCAL YEAR 2024/2025 BUDGET	
FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	
O & M ASSESSMENTS	103,262	100,052	100,052	Expenditures Less Interest & Carryover/.95	
DEBT ASSESSMENTS - SERIES 2015	397,659	397,658	397,658	Bond Payments/.95	
DEBT ASSESSMENTS - SERIES 2018	600,786	600,785	600,785	Bond Payments/.95	
OTHER REVENUES	0	0	0		
INTEREST INCOME	16,121	840	1,800	Interest Projected At $150 Per Month	
					
TOTAL REVENUES	$	1,117,828	$	1,099,335	$	1,100,295		
					
EXPENDITURES					
SUPERVISOR FEES	5,200	9,600	9,600	Supervisor Fees	
PAYROLL TAXES	398	768	768	Projected At 8% Of Supervisor Fees	
ENGINEERING/MAINTENANCE	12,785	30,000	30,000	No Change From 2024/2025 Budget	
SPECIAL PROJECTS	0	10,000	10,000	Special Projects	
MANAGEMENT	43,452	44,748	46,044	CPI Adjustment	
SECRETARIAL	4,200	4,200	4,200	No Change From 2024/2025 Budget	
LEGAL	12,958	9,500	10,500	$1,000 Increase From 2024/2025 Budget	
ASSESSMENT ROLL	10,000	10,000	10,000	As Per Contract	
AUDIT FEES	3,900	4,000	4,100	$100 Increase From 2024/2025 Budget	
ARBITRAGE REBATE FEE - SERIES 2015	650	650	650	No Change From 2024/2025 Budget	
ARBITRAGE REBATE FEE - SERIES 2018	650	650	650	No Change From 2024/2025 Budget	
INSURANCE	6,925	7,300	7,800	FY 24/25 Expenditure Was $7,202	
LEGAL ADVERTISING	4,224	2,200	2,700	$500 Increase From 2024/2025 Budget	
MISCELLANEOUS	1,423	975	1,075	$100 Increase From 2024/2025 Budget	
POSTAGE	371	500	450	$50 Decrease From 2024/2025 Budget	
OFFICE SUPPLIES	784	675	675	No Change From 2024/2025 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2024/2025 Budget	
WEBSITE MANAGEMENT	2,000	2,000	2,000	No Change From 2024/2025 Budget	
TRUSTEE FEES - SERIES 2015	4,327	4,500	4,400	$100 Decrease From 2024/2025 Budget	
TRUSTEE FEES - SERIES 2018	3,709	3,900	3,800	$100 Decrease From 2024/2025 Budget	
CONTINUING DISCLOSURE FEE	1,000	1,000	1,000	No Change From 2024/2025 Budget	
					
TOTAL EXPENDITURES	$	119,131	$	147,341	$	150,587		
					
REVENUES LESS EXPENDITURES	$	998,697	$	951,994	$	949,708		
					
BOND PAYMENTS - SERIES 2015	(380,973)	(377,775)	(377,775)	2026 Principal & Iinterest Payments	
BOND PAYMENTS - SERIES 2018	(575,576)	(570,746)	(570,746)	2026 Principal & Iinterest Payments	
					
BALANCE	$	42,148	$	3,473	$	1,187		
					
COUNTY APPRAISER & TAX COLLECTOR ADMINISTRATIVE COSTS	(4,106)	(10,984)	(10,984)	One Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(41,416)	(43,940)	(43,940)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	(3,374)	$	(51,451)	$	(53,737)		
					
CARRYOVER FROM PRIOR YEAR	0	51,451	53,737	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	(3,374)	$	-	$	-		

Note: Projected Available Funds Balance As Of 9-30-25 is $165,000

DETAILED PROPOSED DEBT SERVICE (SERIES 2015) FUND BUDGET
VILLAGE WALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2023/2024 ACTUAL	FISCAL YEAR 2024/2025 BUDGET	FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	

Interest Income	
16,400	
500	
1,500	
Projected Interest For 2025/2026	

NAV Collection	
380,973	
377,775	
377,775	
Maximum Debt Service Collection	

Total Revenues	
$	397,373	
$	378,275	
$	379,275		

EXPENDITURES					

Principal Payments	
240,000	
245,000	
255,000	
Principal Payment Due In 2026	

Interest Payments	
132,769	
121,894	
114,234	
Interest Payments Due In 2026	

Bond Redemption	
0	
11,381	
10,041	

Estimated Excess Debt Collections	

Total Expenditures	
$	372,769	
$	378,275	
$	379,275		

Excess/ (Shortfall)	
$	24,604	
$	-	
$	-		

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 1/1/2025 =	$3,590,000			

DETAILED PROPOSED DEBT SERVICE (SERIES 2018) FUND BUDGET
VILLAGE WALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2023/2024 ACTUAL	FISCAL YEAR 2024/2025 BUDGET	FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	

Interest Income	
16,114	
500	
1,500	
Projected Interest For 2025/2026	

NAV Collection	
575,576	
570,746	
570,746	
Maximum Debt Service Collection	

Total Revenues	
$	591,690	
$	571,246	
$	572,246		

EXPENDITURES					

Principal Payments	
370,000	
382,000	
395,000	
Principal Payment Due In 2026	

Interest Payments	
206,018	
187,785	
175,159	
Interest Payments Due In 2026	

Bond Redemption	
0	
1,461	
2,087	
Estimated Excess Debt Collections	

Total Expenditures	
$	576,018	
$	571,246	
$	572,246		

Excess/ (Shortfall)	
$	15,672	
$	-	
$	-		

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 1/1/2025 =	May 2037

$5,969,000			

Village Walk Community Development District Assessment Comparison

	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
Lot	2022/2023	2023/2024	2024/2025	2025/2026	
	Size			Assessment*			Assessment*		  Projected 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	$	541.00		$	541.00		$	541.00		$	541 00	
	Total	$	601.46		$	601 46		$	601 46		$	601 46	
Duplex 36 	O & M	$	60.46		$	60.46		$	60.46		$	60 46	
Capri	Debt	$	541.00		$	541.00		$	541.00		$	541 00	
	Total	$	601.46		$	601 46		$	601 46		$	601 46	
Single Family 40 	O & M	$	60.46		$	60.46		$	60.46		$	60 46	
Garden	Debt	$	611.00		$	611.00		$	611.00		$	611 00	
	Total	$	671.46		$	671 46		$	671 46		$	671 46	
Single Family 50 	O & M	$	60.46		$	60.46		$	60.46		$	60 46	
Oakmont	Debt	$	636.00		$	636.00		$	636.00		$	636 00	
	Total	$	696.46		$	696 46		$	696 46		$	696 46	
Single Family 50 	O & M	$	60.46		$	60.46		$	60.46		$	60 46	
Classic	Debt	$	719.00		$	719.00		$	719.00		$	719 00	
	Total	$	779.46		$	779 46		$	779 46		$	779 46	
Single Family 60 	O & M	$	60.46		$	60.46		$	60.46		$	60 46	
Carlyle	Debt	$	732.00		$	732.00		$	732.00		$	732 00	
	Total	$	792.46		$	792 46		$	792 46		$	792 46	
Single Family 65 	O & M	$	60.46		$	60.46		$	60.46		$	60 46	
Estate	Debt	$	821.00		$	821.00		$	821.00		$	821 00	
	Total	$	881.46		$	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