WALNUT CREEK COMMUNITY DEVELOPMENT DISTRICT BROWARD COUNTY REGULAR BOARD MEETING JUNE 5, :00 P.M.

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1 WALNUT CREEK COMMUNITY DEVELOPMENT DISTRICT BROWARD COUNTY REGULAR BOARD MEETING JUNE 5, :00 P.M. Special District Services, Inc SW 165 th Avenue, Suite 200 Miami, FL ext Telephone 877.SDS.4922 Toll Free Facsimile

2 AGENDA WALNUT CREEK COMMUNITY DEVELOPMENT DISTRICT Walnut Creek Clubhouse 7500 NW 20 th Street Pembroke Pines, Florida REGULAR BOARD MEETING June 5, :00 p.m. A. Call to Order B. Proof of Publication..Page 1 C. Establish Quorum D. Shade Session The Board of Supervisors will meet privately pursuant to Florida Statutes, Section (8) concerning MARY STANSELL, et al. v. WALNUT CREEK COMMUNITY DEVELOPMENT DISTRICT, et al., Case No. CACE (2), 17th Judicial Circuit, Broward County, FL E. Additions or Deletions to Agenda F. Comments from the Public for Items Not on the Agenda G. Approval of Minutes 1. May 1, 2018 Special Board Meeting Page 2 H. Administrative Matter 1. Financial Update....Page 9 2. Update on Improvements/Emergency Funds Account I. New/Additional Business 1. Consider Settlement of MARY STANSELL, et al. v. WALNUT CREEK COMMUNITY DEVELOPMENT DISTRICT, et al., Case No. CACE (2), 17th Judicial Circuit, Broward County, FL 2. Discussion Regarding Fiscal Year 2018/2019 Proposed Budget Reductions...Page 20 J. Field Maintenance/Capital Improvements 1. Irrigation/Water Usage Update (SFWMD)..Page Landscape Report from Mainguy Landscape Services Under Separate Cover 3. Update on Tree Trimming Project 4. Consider Approval of Earth Advisors Revised Draft Contract for Landscaping Maintenance...Page Consider Approval of Landscaping RFP Process 6. Discussion Regarding Current Miami Pool Tech Waterfall Services 7. Consider Approval of Waterfall Maintenance Proposals.Page Discussion Regarding Pavilion & Guardhouse Beams (Locations & Images) Page 71

3 9. Discussion Taft Street Entrance Pavilion East Side Stucco Damage Inspection and Proposal...Page Update on Landscape Lighting 11. Image of Existing Taft Street Guardhouse Light Fixtures...Page Consider Approval of Taft Street Guardhouse Light Fixtures Proposals Under Separate Cover K. Security Systems/Services 1. Kent Security Report/Update Under Separate Cover 2. Discussion Regarding the Kent Security Systems/Service Agreement L. Old Business M. Additional Staff Updates/Requests 1. Attorney 2. District Manager N. Additional Board Member/Public Comments O. Adjourn

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5 WALNUT CREEK COMMUNITY DEVELOPMENT DISTRICT SPECIAL BOARD MEETING MAY 1, 2018 A. CALL TO ORDER District Manager, Gloria Perez, called the May 1, 2018, Special Board Meeting of the Walnut Creek Community Development District to order at 6:02 p.m. at the Walnut Creek Clubhouse located at 7500 NW 20 th Street, Pembroke Pines, Florida B. PROOF OF PUBLICATION Proof of publication was presented that notice of the Special Board Meeting had been published in the Broward Daily Business Review on April 20, 2018, as legally required. C. ESTABLISH A QUORUM Mrs. Perez determined that the attendance of the following Supervisors constituted a quorum and it was in order to proceed with the meeting: Chairman William Cook, Vice Chairperson Elina Levenson and Supervisors Zalman Kagan, Betty Ross and Ali Munju. Staff in attendance included: District Manager Gloria Perez of Special District Services, Inc.; and General Counsel Ginger Wald of Billing, Cochran, Lyles, Mauro & Ramsey, P.A. Also present were several members of the public. D. ADDITIONS OR DELETIONS TO THE AGENDA There were no additions or deletions to the agenda. E. COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA. There were no comments from the public for items not on the agenda. F. APPROVAL OF MINUTES 1. April 3, 2018, Regular Board Meeting Mrs. Perez presented the minutes of the April 3, 2018, Regular Board Meeting and asked if there were any corrections and/or additions. There being none, a MOTION was made by Vice Chairperson Levenson, seconded by Supervisor Ross and unanimously passed to approving the minutes of the April 3, 2018, Regular Board Meeting, as presented. G. ADMINISTRATIVE MATTERS 1. Financial Update Page 1 of 4 Page 2

6 WALNUT CREEK COMMUNITY DEVELOPMENT DISTRICT SPECIAL BOARD MEETING MAY 1, 2018 As is procedurally done, Financial Reports through March 2018 were presented in the meeting books and reviewed: Monthly Financial Report-Operating Fund (actual revenues and expenditures with fund balances and availability); March 2018 Check Register; Balance Sheet; Debt Service Profit and Loss YTD Comparisons/Report(s); Tax/Assessment Collections; Expenditure Recap through March Available Funds as of March 31, 2018, reflect $1,248, A motion of ratification of the financials or any further discussion was requested. A MOTION was made by Supervisor Munju, seconded by Vice Chairperson Levenson and passed unanimously to ratify and approve the financials, as presented. H. NEW/ADDITIONAL BUSINESS 1. Consider Resolution No Adopting a Fiscal Year 2018/2019 Proposed Budget Resolution No was presented, entitled: RESOLUTION NO A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE WALNUT CREEK COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2018/2019; AND PROVIDING AN EFFECTIVE DATE. Mrs. Perez read the title of the resolution into the record and explained as part of adopting this resolution the Board must set a date for the public hearing to adopt the 2018/2019 final fiscal year budget and assessments. Two budget scenarios were presented for the District, inclusive of changes as requested by the Board during the meeting of April 3, Scenario #1 has no carry over and Scenario #2 has a carryover of $40,000 (which is about the amount of the carryovers given in 15/16 and 16/17). A lengthy discussion ensued amongst the Board Members and commentary was provided by the public. Several options, project considerations and possible modifications to the budget were discussed. Clarification was given as to the possibility of adopting a budget and lowering it further during the final budget and assessments adoption process. Supervisor Kagan noted the possibility of the Board removing the line item for Supervisor Fees. An overall consensus of the Board as to selecting one of the proposed budgets was not agreed upon. Mrs. Perez asked for direction and stated that additional scenarios could be discussed and/or considered for the final budget meeting adding that at that time budget and assessments being considered could be lowered but not increased. Consideration of possible Budget Workshop was also discussed. Chairman Cook passed the gavel to Vice Chairperson Levenson and made the following motion: Page 2 of 4 Page 3

7 WALNUT CREEK COMMUNITY DEVELOPMENT DISTRICT SPECIAL BOARD MEETING MAY 1, 2018 A MOTION was made by Supervisor Cook, seconded by Supervisor Kagan to adopt Resolution No , as presented, approving Proposed Budget Scenario #1 for Fiscal Year and Setting the Public Hearing for finalization for Tuesday, July 10, 2018, at 6:00 p.m. in the Walnut Creek Clubhouse located at 7500 NW 20 th Street, Pembroke Pines, Florida 33024; and further authorizing the legal advertisement and mailing of notices as per statutory requirements; and further requested that Board Members forward to District management their comments and recommendations with regard to lowering the proposed budget even further. Upon being put to a vote, the MOTION carried 4 to 1 with Supervisor Ross dissenting. Vice Chairperson Levenson then returned the gavel to Chairman Cook. 2. Discussion Regarding Separate Account for Improvements/Emergency Funds Supervisor Kagan distributed a handout (attached hereto) and recommended that the Board consider opening an Improvement/Emergency fund bank account and transferring into it any end of year fund balances over $400,000 from the existing operating account, if approved by the Board. District management confirmed that this actions would not create additional banking fees to the District. Pursuant to Board discussion, it was determined that said account would be funded at the end of each fiscal year when the Board has the fund balance available and would be able to specify how much of the fund balance would be transferred to the Improvement/Emergency bank account by way of a motion. In addition, the bank balance is to be reflected on the financials presented in the meeting books each month. A MOTION was made by Supervisor Kagan, seconded by Supervisor Levenson and unanimously passed to approve and authorize District management to establish a separate Improvement/Emergency fund bank account and to transfer the amount of $166,000 from the existing operating account to said new account and for this new account balance to be included within the financials presented in the meeting books each month. I. FIELD MAINTENANCE/CAPITAL IMPROVEMENTS 1. Consider Approval of Tree Trimming A MOTION was made by Supervisor Kagan, seconded by Vice Chairperson Levenson and passed unanimously approving and authorizing Mainguy Landscaping to move forward with the tree trimming under the contract amount of $20,000, which has been budgeted for. J. ADDITIONAL STAFF UPDATES/REQUESTS 1. Attorney There were no updates from the District s Counsel. 2. District Manager Page 3 of 4 Page 4

8 WALNUT CREEK COMMUNITY DEVELOPMENT DISTRICT SPECIAL BOARD MEETING MAY 1, 2018 There were no additional updates from the District Manager. K. ADDITIONAL BOARD MEMBER/PUBLIC COMMENTS It was noted that the next Regular Board Meeting was scheduled for June 5, L. ADJOURNMENT There being no further business to come before the Board, the Special Board Meeting was adjourned at 7:08 p.m. on a MOTION made by Chairman Cook, seconded by Supervisor Kagan. Upon being put to a vote, the MOTION carried unanimously. ATTESTED BY: Secretary /Assistant Secretary Chairman/Vice-Chair Page 4 of 4 Page 5

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12 Walnut Creek Community Development District Financial Report For April 2018 Page 9

13 WALNUT CREEK COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT OPERATING FUND APRIL 2018 Year Annual To Date Budget Actual Actual 10/1/17-9/30/18 Apr-18 10/1/17-4/30/18 REVENUES ADMINISTRATIVE ASSESSMENTS 164,495 5, ,627 MAINTENANCE ASSESSMENTS 1,521,755 46,566 1,479,836 DEBT ASSESSMENTS (2008) 380,884 11, ,358 DEBT ASSESSMENTS (2010) 130,306 3, ,726 OTHER REVENUES INTEREST INCOME 1, ,125 TOTAL REVENUES $ 2,198,690 $ 67,501 $ 2,138,672 EXPENDITURES ADMINISTRATIVE EXPENDITURES SUPERVISOR FEES 10,000 1,000 4,800 PAYROLL TAXES (EMPLOYER) ENGINEERING 35,000 1,368 16,567 LEGAL FEES 19, ,287 AUDIT FEES 3, MANAGEMENT 42,900 3,575 25,025 POSTAGE 1, OFFICE SUPPLIES/PRINTING 4, ,674 INSURANCE 14, ,951 LEGAL ADVERTISING 1, MISCELLANEOUS 6, ,678 DUES & SUBSCRIPTIONS ASSESSMENT ROLL 7, TRUSTEE FEES 5, ,420 CONTINUING DISCLOSURE FEE WEBSITE MANAGEMENT 1, TOTAL ADMINISTRATIVE EXPENDITURES $ 154,625 $ 7,530 $ 82,300 MAINTENANCE EXPENDITURES FIELD MANAGEMENT 5,000 2,500 5,000 OPERATIONS MANAGEMENT 12,000 1,000 7,000 SECURITY SERVICES 304,500 22, ,257 LANDSCAPE MAINTENANCE 390,000 34, ,032 PLANT REPLACEMENT 20, TELEPHONE 9, ,848 ELECTRIC 76,000 6,050 41,259 WATER & SEWAGE 5, ,546 GUARD HOUSE - VISITOR PASSES 8, ,281 IRRIGATION MAINTENANCE 14, ,224 GATE SYSTEM MAINTENANCE 18, ,541 GUARD HOUSE INT/EXT MAINTENANCE 8, LAKE & PRESERVE MAINTENANCE 40,000 2,838 19,866 SIGNAGE 2, Page 10

14 WALNUT CREEK COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT OPERATING FUND APRIL 2018 Year Annual To Date Budget Actual Actual 10/1/17-9/30/18 Apr-18 10/1/17-4/30/18 STREETLIGHT MAINTENANCE 4, ,151 WATERFALL MAINTENANCE 30,000 1,104 13,865 HOLIDAY LIGHTING 6, ,962 TREE TRIMMING 20, MISCELLANEOUS MAINTENANCE 5, MONUMENT REPAIRS 6, LAKE RESTORATION & MAINTENANCE 312,000 5, ,624 LAKE RESTORATION & MAINTENANCE - ENGINEERING 60,000 3,024 27,519 OPERATING RESERVE/CONTINGENCY 15, STORM CLEANUP ,286 STORMWATER MGT & PIPE REPLACEMENT RESERVE/CONTINGENCY 60, ,000 TOTAL MAINTENANCE EXPENDITURES $ 1,431,700 $ 82,542 $ 824,583 TOTAL EXPENDITURES $ 1,586,325 $ 90,072 $ 906,883 EXCESS OR (SHORTFALL) $ 612,365 $ (22,571) $ 1,231,789 PAYMENT TO TRUSTEE (2008) (358,031) (11,420) (349,237) PAYMENT TO TRUSTEE (2010) (122,488) (3,908) (119,499) BALANCE $ 131,846 $ (37,899) $ 763,053 COUNTY APPRAISER & TAX COLLECTOR FEE (43,948) (1,345) (41,124) DISCOUNTS FOR EARLY PAYMENTS (87,898) 0 (80,746) EXCESS/ (SHORTFALL) $ - $ (39,244) $ 641,183 CARRY FORWARD SURPLUS NET EXCESS/ (SHORTFALL) $ - $ (39,244) $ 641,183 Bank Balance As Of 3/31/18 $ 1,409, Funds Received: 4/1/18-4/30/18 $ 66, Disbursements: 4/1/18-4/30/18 $ 150, Bank Balance As Of 4/30/18 $ 1,325, Accounts Payable As Of 4/30/18 $ 118, Accounts Receivable As Of 4/30/18 $ - Other Assets As Of 4/30/18 $ Improvement/Emergency Funds As Of 4/30/18 $ 166, Available Funds As Of 4/30/18 $ 1,041, Page 11

15 Walnut Creek Community Development District Budget vs. Actual October 2017 through April 2018 Oct '17 - Apr 18 Budget $ Over Budget % of Budget Income Administrative Assessment 160, , , % Maintenance Assessment 1,479, ,521, , % Debt Assessments (Series 2008) 370, , , % Debt Assessments (Series 2010) 126, , , % Debt Assess-Paid To Trustee , , , % Debt Assess-Paid To Trustee , , , % Assessment Fees -41, , , % Assessment Discounts -80, , , % Interest Income 1, , % Total Income 1,548, ,586, , % Expense Payroll tax expense % Supervisor Fees 4, , , % Engineering 16, , , % Management Fees 25, , , % Legal Fees 10, , , % Assessment/Tax Roll , , % Audit Fees , , % Insurance 12, , , % Legal Advertisements , % Miscellaneous 5, , % Postage and Delivery , , % Office Supplies 3, , , % Dues, License & Subscriptions % Trustee Fees (GF) 1, , , % Continuing Disclosure Fee % Website Management , % Security Services 161, , , % Gatehouse Maintenance , , % Gate System Maintenance 5, , , % Guard house-visitor Passes 3, , , % Lawn (Landscape) Maintenance 177, , , % Lake & Preserve Maintenance 19, , , % Stormwater Mgt/Pipe Replacement 40, , , % Irrigation Maintenance 7, , , % Signs , , % Electricity 41, , , % Miscellaneous Maintenance , , % Telephone 5, , , % Water & sewer 4, , % Field Management 5, , % Plant Replacement , , % Waterfall Maintenance 13, , , % Streetlight Maintenance 2, , , % Tree Trimming Services , , % Holiday Lighting 2, , , % Monument Repairs , , % Storm Cleanup 37, , % Lake Restoration & Maintenance 261, , , % Lake Restoration & Maint- Engin 27, , , % Operations Management 7, , , % Operating ReserveCapital Outlay , , % Total Expense 906, ,586, , % Net Income 641, , % Page 12

16 Walnut Creek Community Development District Check Register April 2018 Check # Date Vendor Amount /01/2018 Allstate Resource Management, Inc. 2, /01/2018 American Shoreline Restoration Inc 5, /01/2018 AT&I Systems /01/2018 City of Pembroke Pines 1, /01/2018 Comcast (8939) /01/2018 Comcast (9044) /01/2018 Comcast (Voice 8931) /01/2018 Craig A. Smith & Associates, Inc 11, /01/2018 FPL 5, /01/2018 Hancock Bank (Tax Receipts) 1, /01/2018 Hypower Electric Services Inc /01/2018 Mainguy Landscape Services 32, /01/2018 Miami Pool Tech Inc /01/2018 Special District Services, Inc. 5, /01/2018 Spectrum Municipal Services, Inc /01/2018 U.S. Bank (Tax Receipts) 2, PR 4/6/18 04/04/2018 Payroll Processing PR 4/6/18 04/04/2018 Payrol Taxes PR 4/6/18 04/04/2018 Supervisor Fees /16/2018 1st Solution Pest Control /16/2018 Billing, Cochran, Lyles, Mauro, & Ramsey 2, /16/2018 Hypower Electric Services Inc 1, /16/2018 Kent Security of Palm Beach, Inc. 23, /16/2018 Miami Pool Tech Inc /16/2018 Office Depot Credit Plan /16/2018 Total Irrigation Management /16/2018 Vertex Water Features, Inc 4, /16/2018 Walnut Creek Community Association, Inc. 2, /16/2018 Mainguy Landscape Services /18/2018 Comcast (Voice 8931) /18/2018 Persant Construction Co Inc 40, TOTAL 150, Page 13

17 Walnut Creek Community Development District Expenditures April 2018 Date Invoice # Vendor Description Amount Expenditures Payroll tax expense 04/04/2018 PR 4/6/18 mtg 4/3/18, PR 4/6/18 (Payroll Taxes) Total Payroll tax expense Supervisor Fees 04/04/2018 PR 4/6/18 mtg 4/3/18, PR 4/6/18 (Supervisor Fees) 1, Total Supervisor Fees 1, Engineering 04/30/ Craig A. Smith & Associates, Inc inv# general consulting engineering 4/1/18-4/30/18 1, Total Engineering 1, Management Fees 04/30/ Special District Services, Inc. Inv# Management Fee April , Total Management Fees 3, Legal Advertisements 04/20/2018 I ALM Media, LLC inv# I Notice of Special Board Mtg Total Legal Advertisements Miscellaneous 04/04/2018 PR 4/6/18 mtg 4/3/18, PR 4/6/18 (Payroll Processing) /30/ Special District Services, Inc. March 2018 document storage /30/ Special District Services, Inc. March 2018 travel Total Miscellaneous Postage and Delivery 04/30/ Special District Services, Inc. March 2018 postage 8.93 Total Postage and Delivery Office Supplies 04/04/2018 Office Depot Credit Plan Acct# /30/ Special District Services, Inc. March 2018 copier charges Total Office Supplies Website Management 04/30/ Special District Services, Inc. April 2018 Website fee Total Website Management Security Services 04/30/ Kent Security of Palm Beach, Inc. inv# security services April , Total Security Services 22, Gatehouse Maintenance 04/30/ Special District Services, Inc. guardhouse sink replacement, misc janitorial supplies, color map prints, key copies Total Gatehouse Maintenance Gate System Maintenance 04/01/ AT&I Systems inv# monthly all inclusive service gate maintenance April /30/2018 WO AT&I Systems West pedestrian gate on Sheridan, vandalized and needed adjusting to work properly Total Gate System Maintenance Guard house-visitor Passes 04/17/ John Zollo Graphic Designs Inc inv# 3083 daily passes (12,000) Total Guard house-visitor Passes Lawn (Landscape) Maintenance 04/01/ Mainguy Landscape Services inv# landscape maintenance service April , /05/ Mainguy Landscape Services inv# remove and dispose of bismark palm inculding admin and permit fee 1, /19/ Mainguy Landscape Services inv# fertilize turf, shrubs, and palms 10, Total Lawn (Landscape) Maintenance 34, Lake & Preserve Maintenance Page 14

18 Walnut Creek Community Development District Expenditures April 2018 Date Invoice # Vendor Description Amount 04/01/ Allstate Resource Management, Inc. mitigation area maintenance and lake mgmt services April , Total Lake & Preserve Maintenance 2, Electricity 04/18/ FPL acct# (3/20/18-4/18/18) /18/ FPL acct# (3/20/18-4/18/18) 4, /18/ FPL acct# (3/20/18-4/18/18) /18/ FPL acct# (3/20/18-4/18/18) /18/ FPL acct# (3/20/18-4/18/18) /18/ FPL acct# (3/20/18-4/18/18) /18/ FPL acct# (3/20/18-4/18/18) Total Electricity 6, Telephone 04/15/ Comcast (Voice 8931) Inv# account# /24/2018 Comcast (8939) Acct# Service for 1800 NW 76th Ave (5/4/18-6/3/18) /24/2018 Comcast (9044) acct# service for 2400 NW 76th Ave (service 5/4/18-6/3/18) Total Telephone Water & sewer 04/19/2018 City of Pembroke Pines Acct# (West fountain) 4/19/ /19/2018 City of Pembroke Pines Acct# (east fountain) 4/19/ /19/2018 City of Pembroke Pines Acct# (1800 NW 76 Ave) 4/19/ Total Water & sewer Field Management 04/15/2018 Walnut Creek Community Association, Inc. 2nd payment for agreement b/t District and association FY 2017/2018 2, Total Field Management 2, Waterfall Maintenance 04/01/ Miami Pool Tech Inc inv# monthly service April /05/ Total Irrigation Management inv# pump repairs Total Waterfall Maintenance 1, Lake Restoration & Maintenance 04/01/ American Shoreline Restoration Inc April 2018 Payment # 4 of 43+ on stormwater ponds bank repair 5, Total Lake Restoration & Maintenance 5, Lake Restoration & Maint- Engin 04/30/ Craig A. Smith & Associates, Inc inv# stormwater ponds bank repairs engineering 4/1/18-4/30/18 3, Total Lake Restoration & Maint- Engin 3, Operations Management 04/30/ Special District Services, Inc. April 2018 Field Operations fee 1, Total Operations Management 1, Total Expenditures 90, Page 15

19 Walnut Creek CDD Balance Sheet As of April 30, 2018 Operating Fund Debt Service (2008) Fund Debt Service (2010) Fund General Fixed Assets Long Term Debt TOTAL ASSETS Current Assets Checking/Savings CenterState Bank 1,409, ,409, CD's Total Checking/Savings 1,409, ,409, Total Current Assets 1,409, ,409, Other Assets Investments - Interest Account , , Investments - Reserve Fund , , , Investments - Revenue Account , , , Investments - Prepayment Fund , , Investments - Redemption Account , , Investments - Principal , , Petty Cash Accounts Receivable A/R Interest A/R Non Ad Valorem Receipts , , , Land & Land Improvements ,327, ,327, Project Improvements ,746, ,746, Improvements , , Infrastructure ,123, ,123, Equipment , , Depreciation - Infrastructure ,115, ,115, Depreciation - Equipment , , Amount Available In DSF (2008) , , Amount Available In DSF (2010) , , Amount To Be Provided ,846, ,846, Total Other Assets , , ,153, ,600, ,507, TOTAL ASSETS 1,409, , , ,153, ,600, ,917, LIABILITIES & EQUITY Liabilities Current Liabilities Accrued Expense Sundry Accounts Payable 161, , Total Current Liabilties 161, , Long Term Liabilities Special Assessment Debt (2008) ,290, ,290, Special Assessment Debt (2010) ,310, ,310, Total Long Term Liabilities ,600, ,600, Total Liabilities 161, ,600, ,761, Equity Retained Earnings 566, , , ,140, ,215, Net Income 682, , , ,077, Current Year Depreciation Investment In Gen Fixed Assests ,294, ,294, Total Equity 1,248, , , ,153, ,155, TOTAL LIABILITIES & EQUITY 1,409, , , ,153, ,600, ,917, Page 16

20 Walnut Creek CDD Debt Service (Series 2008) Profit & Loss Report April 2018 Year Annual To Date Budget Actual Actual 10/1/17-9/30/18 Apr-18 10/1/17-4/30/18 Revenues Interest Income ,390 NAV Tax Collection 358,031 11, ,237 Bond Prepayments 0 0 1,452 Total Revenues $ 358,056 $ 11,820 $ 352,079 Expenditures Principal Payments 300, Additional Principal Payments ,000 Interest Payments 57, ,239 Total Expenditures $ 358,056 $ - $ 37,239 Excess/ (Shortfall) $ - $ 11,820 $ 314,840 Page 17

21 Walnut Creek CDD Debt Service (Series 2010) Profit & Loss Report April 2018 Year Annual To Date Budget Actual Actual 10/1/17-9/30/18 Apr-18 10/1/17-4/30/18 Revenues Interest Income ,276 NAV Tax Collection 122,488 3, ,499 Bond Prepayments 0 0 1,473 Total Revenues $ 122,513 $ 4,202 $ 122,248 Expenditures Principal Payments 45, Additional Principal Payments 5, ,000 Interest Payments 71, ,016 Total Expenditures $ 122,513 $ - $ 42,016 Excess/ (Shortfall) $ - $ 4,202 $ 80,232 Page 18

22 WALNUT CREEK CDD TAX COLLECTIONS # ID# Payment From DATE FOR Tax Collect Receipts Gross Interest Received Commission Paid Discount Net From Tax Collector Admin Assessment Income (Before Discounts & Fees) Maintenance Assessment Income (Before Discounts & Fees) Series 2008 Debt Assessment Income (Before Discounts & Fees) Series 2010 Debt Assessment Income (Before Discounts & Fees) Admin Assessment Income (After Discounts & Fees) Maintenance Assessment Income (After Discounts & Fees) Series 2008 Debt Assessment Income (After Discounts & Fees) Series 2010 Debt Assessment Income (After Discounts & Fees) Series 2008 Debt Assessment Paid to Trustee Series 2010 Debt Assessment Paid to Trustee $2,197,440 $164,495 $1,521,755 $380,884 $130,306 $164,495 $1,521,755 $380,884 $130,306 $2,065,594 $153,375 $1,431,700 $358,031 $122,488 $153,375 $1,431,700 $358,031 $122,488 $358,031 $122, Broward Cty Tax Collector 11/21/17 NAV Taxes $ 425, $ (8,172.64) $ (17,143.67) $ 400, $ 31, $ 294, $ 73, $ 25, $ 29, $ 277, $ 69, $ 23, $ 69, $ 23, Broward Cty Tax Collector 12/08/17 NAV Taxes $ 1,377, $ (26,445.63) $ (55,095.08) $ 1,295, $ 103, $ 953, $ 238, $ 81, $ 97, $ 897, $ 224, $ 76, $ 224, $ 76, Broward Cty Tax Collector 12/12/17 NAV Taxes $ 41, $ (803.94) $ (1,572.48) $ 39, $ 3, $ 28, $ 7, $ 2, $ 2, $ 27, $ 6, $ 2, $ 6, $ 2, Broward Cty Tax Collector 12/29/17 NAV Taxes $ 116, $ (2,239.36) $ (4,425.47) $ 109, $ 8, $ 80, $ 20, $ 6, $ 8, $ 75, $ 19, $ 6, $ 19, $ 6, Broward Cty Tax Collector 01/12/18 NAV Taxes $ 40, $ (781.08) $ (1,182.53) $ 38, $ 3, $ 27, $ 6, $ 2, $ 2, $ 26, $ 6, $ 2, $ 6, $ 2, Int - 1 Broward Cty Tax Collector 01/30/18 Interest $ $ $ $ $ - $ Broward Cty Tax Collector 02/15/18 NAV Taxes $ 50, $ (987.50) $ (1,105.65) $ 48, $ 3, $ 34, $ 8, $ 2, $ 3, $ 33, $ 8, $ 2, $ 8, $ 2, Broward Cty Tax Collector 03/15/18 NAV Taxes $ 17, $ (349.60) $ (221.13) $ 17, $ 1, $ 12, $ 3, $ 1, $ 1, $ 11, $ 2, $ 1, $ 2, $ 1, Broward Cty Tax Collector 04/13/18 NAV Taxes $ 67, $ (1,344.85) $ 65, $ 5, $ 46, $ 11, $ 3, $ 4, $ 45, $ 11, $ 3, $ 11, $ 3, Int - 2 Broward Cty Tax Collector 04/30/18 Interest $ $ $ $ $ - $ Broward Cty Tax Collector 05/15/18 NAV Taxes $ 16, $ $ (341.48) $ 16, $ 1, $ 11, $ 2, $ 1, $ 1, $ 11, $ 2, $ $ 2, $ $ - $ - $ - 13 $ - $ - $ - 14 $ - 15 $ - 16 $ - 17 $ - 18 $ - $2,153, $ $ (41,466.08) $ (80,746.01) $ 2,032, $ 162, $ 1,491, $ 373, $ 127, $ 152, $ 1,406, $ 352, $ 120, $ 352, $ 120, Note: $2,197,440, $164,495, $1,521,755, $380,884 and $130,306 are 2017/2018 budgeted assessments before discounts and fees. $2,065,594, $153,375, $1,431,700, $358,031 and $122,488 are 2017/2018 budgeted assessments after discounts and fees. $ 2,153, $ $ 2,032, $ (162,064.54) $ (152,909.91) $ (1,491,540.53) $ (1,406,910.66) $ (373,287.50) $ (352,107.20) $ (127,728.74) $ (120,481.45) $ 0.00 $ 0.00 Page 19

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39 WALNUT CREEK COMMUNITY South Florida Water Management District ATTN: Water Usage Regulation District (4320) PO BOX West Palm Beach, FL Location Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Palm Brook Well A 2,160,390 2,346,190 2,617,620 Swimming Pool & CH Well B 86,793,740 88,202,000 88,489,820 Pool Area * Well C ID# ,345,000 31,735,600 31,998,900 Taft Area * Well D ID# ,623,200 15,478,100 16,629,000 Maple Grove Well E 84,438,780 85,478,760 86,581,300 Maple Glen Well F 43,235,550 46,032,980 48,496,120 Willow Reach Well G 8,867,680 8,915,140 9,070,650 Mahogany Bend Well H 22,690,590 24,039,540 26,592,000 Model Homes Well I 19,615,426 19,615,426 19,615,426 Sheridan * Well J ID# ,145,041 59,312,620 60,060,400 Permit Number: W Issued to Walnut Creek Community Development District 2018 Monthly Meter Readings Mainguy Landscpae Services * Denotes pumps controlled by the CDD. All other pumps controlled by the HOA. bad meter \\cas-depot\projects\districts\walnut_creek_community_dev\ cp-general\sfwmd_water_use\walnutcreekcdd-montlymeterreading 2018 Page Monthly Meter 36Readings

40 Walnut Creek CDD Water Usage Data 2018 (Million Gallons) Permit: W Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Total Pump A Pump B Well C Pump D Pump E Pump F Pump G Pump H Pump I Pump J Total Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Total Optimal Monthly Maximum Water Usage Actual Monthly Water Water Usage Percentage of Maximum Used 133% 186% 171% 84% 19% Percent Difference 33% 86% 71% -16% -81% Drought Irrigation (Given) Rolling 12-month usage (144.2MG) Maximum Month (20.5MG) =bad meter NOTE: Pump I bad meter February and March. February and March Monthly Water Usage based on February 2017 and March 2017 for Pump I. \\cas-depot\projects\districts\walnut_creek_community_dev\ cp-general\sfwmd_water_use\walnutcreekcdd-montlymeterreading Page Summary

41 Walnut Creek CDD Water 2018 Usage Water Usage (Million Gallons) Jan-18 Feb-18 Mar-18 Optimal Monthly Maximum Water Usage Actual Monthly Water Usage Rolling 12-Month Total Usage \\cas-depot\projects\districts\walnut_creek_community_dev\ cp-general\sfwmd_water_use\walnutcreekcdd-montlymeterreading Page Graph

42 Serving as Your Information Sources and Technical Experts for Regionally Correct Solutions Page 39

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46 American National Standards Institute A-300 Maintenance Standards for Trees and Woody Plants Page 43

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63 5 Commercial Residential Repairs Star Pools, Inc. Licensed & Insured Pool Service P.O. Box Pembroke Pines, FL Office: (954) WE HEREBY SUBMIT SPECIFICATIONS AND ESTIMATE FOR: PROPOSAL SUBMITTED TO: Walnut Creek Community Development District PHONE: (786) ATTN: Julian Romero ADDRESS: c/o Special District Services, Inc. 2501A Burns Road Palm Beach Gardens, FL DATE: 05/24/2018 Service Proposal 5 Star Pools, Inc. (hereinafter the Company ) hereby agrees to provide service for the following: Two front entrance fountains- three (3) times a week The service for fountains will include: Test and maintain chemicals Complete cleaning which includes vacuuming floors of all debris, brushing, netting of water surface and cleaning of filters to maintain proper water flow and maximum filtration Page 60

64 Note: Normal maintenance does not cover cleaning up debris caused by pressure cleaning of structures Monitor and inspect all fountain equipment each service visit The charge for the foregoing service shall be $1, per month with a $ charge for stabilizer every six months for each fountain. This agreement is a for a term of one year and shall be renewed for successive of one year term without further actions by both parties, but may be terminated any time with written notice by either party 30 days prior to the date that service is to be discontinued. In the event of, but not limited to, hurricanes, floods, acts of God, vandalism or acts of pilferage, the Company assumes no liability with respect to the present or future status of client s fountain equipment. All Federal, State, and Local tax levies arising by virtue of services performed by the Company are absorbed by them. The Company agrees to carry in full force and affect Public Liability and Property Damage Insurance. Payments shall be made monthly as invoices and/or the Company renders statements. The client hereby agrees that should they become delinquent on their account, they shall be responsible for any and all collection costs, attorney fees and/or interest with regards to the recovery of such delinquency. ACCEPTANCE OF PROPOSAL: The above prices, specifications and conditions are satisfactory and are hereby accepted. You are authorized to do the work as specified. Payment will be made as outlined above. 5 Star Pools, Inc. By: Marcello Cinelli, President Date Contractor License No: CPC Walnut Creek Community Development District By: Authorized Signature Date Page 61

65 5 Commercial Residential Repairs Star Pools, Inc. Licensed & Insured Pool Service P.O. Box Pembroke Pines, FL Office: (954) WE HEREBY SUBMIT SPECIFICATIONS AND ESTIMATE FOR: PROPOSAL SUBMITTED TO: Walnut Creek Community Development District PHONE: (786) ATTN: Julian Romero ADDRESS: c/o Special District Services, Inc. 2501A Burns Road Palm Beach Gardens, FL DATE: 05/24/2018 Repair Proposal 5 Star Pools, Inc. (hereinafter the Company ) hereby agrees to the following: Drain two fountains Clean and rebalance Includes any minor patching with epoxy where leaks may be present The charge for the foregoing work shall be $ In the event of, but not limited to, hurricanes, floods, acts of God, vandalism or acts of pilferage, the Company assumes no liability with respect to the present or future status of client s pool equipment. Page 62

66 All Federal, State, and Local tax levies arising by virtue of services performed by the Company are absorbed by them. The Company agrees to carry in full force and affect Public Liability and Property Damage Insurance. Payments shall be made monthly as invoices and/or the Company renders statements. The client hereby agrees that should they become delinquent on their account, they shall be responsible for any and all collection costs, attorney fees and/or interest with regards to the recovery of such delinquency 5 Star Pools, Inc. By: Marcello Cinelli, President Date Contractor License No: CPC ACCEPTANCE OF PROPOSAL: The above prices, specifications and conditions are satisfactory and are hereby accepted. You are authorized to do the work as specified. Payment will be made as outlined above. Walnut Creek Community Development District By: Authorized Signature Date Page 63

67 KH Pool Services, Inc. Kevin Halawy SW 143rd Place Miami, FL KHPS - Service Contract kevinh@khpoolservices.com P: Page 64

68 KH POOL SERVICES, INC SW 143rd Place * Miami, FL * Fountain Cleaning Outline and Agreement - Year 2018 Client: Thank you The following is the pricing being offered to Special District Services, Inc. - as of March 2018: TOTAL: $90 Special Note: Page 65

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77 May 15, 2018 Walnut Creek Community Development District C/O Special District Services, Inc. 2501A Burns Road Palm Beach, FL JOB NAME: Walnut Creek Taft Street Entry Tower Damage Assessment This report has been put together to assess the damage and provide a solution for damaged tower at Taft Street entry. Attached are photos taken showing damage to the tower. Page 1 of 6 Page 74

78 Area highlighted above is roof flashing below windows at the tower Roof flashing is clearly rotted Page 2 of 6 Page 75

79 Above is the roof mentioned in the previous page Area in blue is the foam molding(s) Area in green is roof area Roof area has no slope towards the molding (away from wall), in addition to molding being slightly higher than the roof level This combination allows water to puddle on roof area, which in all likelihood rotted the roof flashing Page 3 of 6 Page 76

80 Area highlighted above shows a small gap between stucco and window frame Small gaps between window frame and stucco can be allowing water penetration Page 4 of 6 Page 77

81 The photo above shows plant(s) growing inside tower, further proving the water penetration to structure Page 5 of 6 Page 78

82 Walnut Creek Community Development District C/O Special District Services, Inc. 2501A Burns Road Palm Beach, FL JOB NAME: Walnut Creek Taft Street Entry Tower In line with what we found throughout our inspection of the structure we recommend the following to resolve the water filtration issue. Removing and replacing all foam moldings to allow water to properly runoff roof area Removing and replacing all rotted flashing Applying Applying bonding agent and stucco finish around windows to properly finish window sill(s) Removing and replacing loose stucco at east side of tower Repainting all stucco repairs and new foam moldings with Sherwin Williams SuperPaint according to existing paint scheme Total: $12, In addition to the above, removing one window pane to inspect the interior of tower for water damage is necessary to resolve current water filtration problem. This inspection would come at a cost of $1, Eddy Michael Gil Vice President Royal Plastering Corp. Page 6 of 6 Page 79

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