BANNON LAI(ES
Community Development District August 15, 2018

Bannon Lakes
Community Development	District
475 West Town Place, Suite 114, St. Augustine, Florida 32092 Phone: 904-940-5850 - Fax: 904-940-5899

August 8, 2018

Board of Supervisors Bannon Lakes
Community Development District Dear Board Members:
The Bannon Lakes Community Development District Board of Supervisors Meeting is scheduled for
Wednesday, August 15, 2018 at 12:00 p.m. at the offices of Governmental Management Services, 475 West Town Place, Suite 114, St. Augustine, Florida 32092. Following is the advance agenda for the meeting:

Roll Call
Public Comment
Approval of Minutes from June 13, 2018 Meeting
Public Hearing to adopt the Budget for Fiscal Year 20I9
Consideration of Resolution 2018-05, Relating to Annual Appropriations and Adopting the Budget for Fiscal Year 2019
Consideration of Resolution 2018-06, Imposing Special Assessments and Certifying an Assessment Roll
Consideration of Construction Funding Agreement with RREF III-P-EP Bannon LakesN, LLC
Consideration of Proposal to Renew Agreement for Water Management Services with Lake
Doctors, Inc.
Presentation of the Fiscal Year 2017 Financial Audit
Consideration of Proposal for Amenity and Operation Management for Fiscal Year 2019 with Riverside Management Services
Approval of Change Order No. 4 with Vallencourt Construction
Other Business
Staff Reports
District Counsel
District Engineer
District Manager
Field Services - Operations Memorandum
Supervisor's Requests and Audience Comments
Financial Reports
Balance Sheet as of July 31, 2018 and Statement of Revenues & Expenditures
Assessment Receipt Schedule

Approval of Check Register
Ratification of Construction Funding Request No. 7
Next Scheduled Meeting-August 15, 2018 at 12:00 p.m. at the offices of GMS
Adjournment

The third order of business is the approval of minutes from the June 13, 2018 minutes. A copy of the minutes is enclosed for your review.

The fourth order of business is the public hearing to adopt the fiscal year 2019 budget. The Board will consider resolution 2018-05, relating to the annual appropriation and adopting the budget of fiscal year 2018. Then, the Board will consider resolution 2018-06, imposing special assessments and certifying an assessment roll. Copies of the resolutions and approved budget are enclosed for your review.

The fifth order of business is the consideration of construction funding agreement of RREF III-P-EP Bannon Lakes JV, LLC. A copy of the agreement is enclosed for your review.

The sixth order of business is the consideration of proposal to renew agreement for water management services with Lake Doctors, Inc. A copy of the agreement is enclosed for your review.

The seventh order of business is the presentation of the fiscal year 2017 financial audit. A copy of the audit is enclosed for your review.

The eighth order of business is the consideration of proposal for amenity and operations management for fiscal year 2019 with Riverside Management Services. A copy of the proposal is enclosed for your review.

The ninth order of business is the approval of change order Nono. 4 with Vallencourt Construction. A copy of the item is enclosed for your review.

Listed under field services is the operations memorandum enclosed for your review.

Copies of the balance sheet and statement of revenues & expenditures, assessment receipt schedule, check register, and funding request are enclosed for your review.

We look forward to seeing you at the meeting. In the meantime, if you have any questions, please do not hesitate to call us at (904) 940-5850.

Sincerely,

2

AGENDA

Bannon Lakes Community Development District
Agenda

Wednesday August 15, 2018
12:00 p.m.

Governmental Management Services
475 West Town Place St. Augustine, Florida 32092 bannonlakescdd.com
Call In#  1-888-757-2790 Code 5097001

Roll Call

Public Comment

Approval of Minutes from June 13, 2018 Meeting

Public Hearing to adopt the Budget for Fiscal Year 2019
Consideration of Resolution 2018-05, Relating to Annual Appropriations and Adopting the Budget for Fiscal Year 2019

Consideration of Resolution 2018-06, Imposing Special Assessments and Certifying an Assessment Ro11

Consideration of Construction Funding Agreement with RREF III-P-EP Bannon LakesN, LLC

Consideration of Proposal to Renew Agreement for Water Management Services with Lake Doctors, Inc.

Presentation of the Fiscal Year 2017 Financial Audit

Consideration of Proposal for Amenity and Operation Management for Fiscal Year 2019 with Riverside Management Services

Approval of Change Order No. 4 with Vallencourt Construction

Other Business

Staff Reports
District Counsel

District Engineer

District Manager

Field Services - Operations Memorandum

Supervisor's Requests and Audience Comments

Financial Reports
Balance Sheet as of July 31, 2018 and Statement of Revenues & Expenditures

Assessment Receipt Schedule

Approval of Check Register

Ratification of Construction Funding Request No. 7

Next Scheduled Meeting-August 15, 2018 at 12:00 p.m. at the offices of GMS

Adjournment

MINUTES

MINUTES OF MEETING
BANNON LAKES COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Bannon Lakes Community Development District was held on Wednesday, June 13, 2018 at 12:00 p.m. at the Offices of GMS, 475 West Town Place, Suite 114, St. Augustine, FL 32092.

Present and constituting a quorum were:

Art Lancaster John Dodson Wes Hinton Karelyn Travieso
Also present were: Jim Oliver
Katie Buchanan
Ernesto Torres Brian Stephens

FIRST ORDER OF BUSINESS

Chairman Vice Chairman Supervisor
Supervisor (by phone)

District Manager District Counsel GMS
RMS

Roll Call

Mr. Oliver called the meeting to order at 12:00 p.m.

SECOND ORDER OF BUSINESS	Public Comment
There being none, the next item followed.

TIDRD ORDER OF BUSINESS	Approval of Minutes from April 18, 2018
Meeting
Mr. Oliver stated included in your agenda package is a copy of the minutes from the February 21, 2018 meeting. Are there any additions, corrections or deletions?

On MOTION by Mr. Lancaster seconded by Mr. Dodson with all in favor the Minutes of the April 18, 2018 Meeting were approved.

FOURTH ORDER OF BUSINESS	Update	on	Additional	Security	Camera
Installation
Mr. Oliver stated the work is complete on the installation of an additional security camera outside of the community room.

June 13, 2018	Bannon Lakes CDD

FIFTH ORDER OF BUSINESS	Consideration of Updated Amenity Policies
& Procednres Regarding Club Room Access
The board provided guidance to update the amenity policies to allow resident use of the clubhouse when not otherwise reserved or rented for meetings and events. Kitchen will remain closed. Similar age restrictions as the fitness center will be placed on usage of the clubhouse.

On MOTION by Mr. Lancaster seconded by Mr. Hinton with all in favor the Update to the Amenity Policies & Procedures Regarding Club Room Access was approved in substantial form.

SIXTH ORDER OF BUSINESS	Consideration	of	Resolution	2018-02,
Approving Proposed Fiscal Year  2019 Budget and Setting a Public Hearing Date for Adoption
Mr. Oliver presented the proposed budget for Fiscal Year 2019 and Resolution 2018-02.

On MOTION by Mr. Lancaster seconded by Mr. Dodson with all in favor Resolution 2018-02 Approving Proposed Fiscal Year 2019 Budget & Setting a Public Hearing Date to be August 15, 2018 at 12:00 p.m. at the Offices of GMS, 475 West Town Place, Suite 114, St. Augustine, FL 32092 was approved.

SEVENTH ORDER OF BUSINESS	Consideration	of	Resolutions	2018-03,
Amending Resolution 2016-32 to Reduce Supervisor Dodson's Term from Four Years to Two Years and Providing an Effective Date
Mr. Oliver explained at the original landowners election, we should have had two-four year terms and three-two years terms but it got recorded as three-four year terms, so John Dodson's term needs to be reduced.

On MOTION by Mr. Lancaster seconded by Mr. Hinton with all in favor Resolution 2018-03 Amending Resolution 2016-32 to Reduce Supervisor Dodson's Term from Four Years to Two Years and Providing an Effective Date was approved.

EIGHTH ORDER OF BUSINESS	Other Business
There being none, the next item followed.

2

June 13, 2018	Bannon Lakes CDD

NINTH ORDER OF BUSINESS	Staff Reports
District Counsel
There being none, the next item followed.

District Engineer
There being none, the next item followed.

District Manager
Report on the Number of Registered Voters (70)
Consideration of Proposed Fiscal Year 2019 Meeting Dates
Consideration of Resolution 2018-04 Designation of Landowners' Meeting Date
Mr. Oliver informed the board there are 70 registered voters residing in the District. A
proposed meeting schedule for Fiscal Year 2019 is included in your agenda package. This item will be tabled until the next meeting. Resolution 2018-04 designates a landowners' election meeting date. We would suggest it to be held on November 6, 2018 at this location. Three seats will be up for election.

On MOTION by Mr. Lancaster seconded by Mr. Dodson with all in favor Resolution 2018-04 Designating November 6, 2018 at 12:00
p.m. at the Offices of GMS, 475 West Town Place, Suite 114, St. Augustine, FL 32092 was approved.

Field Services - Operations Memorandum
Mr. Stephens presented the operations memorandum. Multiple leaks were repaired in the chemical injector system for the pool. All of the feeder tubes were replaced with a different kind of material. There have been no more leaks since those things happened. The fitness center air conditioner has been serviced.

TENTH ORDER OF BUSINESS	Supervisor's Comments
There being none, the next item followed.

Request	and	Audience

ELEVENTH ORDER OF BUSINESS	Financial Reports
Balance Sheet as of May 31, 2018 and Statement of Revenues & Expenditures
Mr. Oliver stated included in your agenda package is the balance sheet and income statement as of May 31, 2018.

3

June 13, 2018	Bannon Lakes CDD

Assessment Receipt Schedule
Mr. Oliver stated included in your agenda package is a copy of the assessment receipt schedule.

Approval of Check Register
Mr. Oliver stated included in your agenda package is the check register.

On MOTION by Mr. Lancaster seconded by Mr. Hinton with all in favor the Check Register was approved.

Approval of Funding Request No. 17
Mr. Oliver stated included in your agenda package is Funding Request No. 17.

On MOTION by Mr. Lancaster seconded by Mr. Hinton with all in favor Funding Request No. 17 was approved.

Mr. Oliver presented Construction Funding Request No. 6 in the amount of $52,006.84.
They were paid by the Developer.

On MOTION by Mr. Lancaster seconded by Mr. Dodson with all in favor Construction Funding Request No. 6 was approved.

TWELFTH ORDER OF BUSINESS	Next Scheduled Meeting - July 18, 2018 at
12:00 p.m. at the Offices of GMS
Mr. Oliver stated the next scheduled meeting is July 18, 2018 at 12:00 p.m. at the Offices ofGMS.

THIRTEENTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Hinton seconded by Mr. Lancaster with all in favor the Meeting was adjourned.

Secretary / Assistant Secretary	Chairperson / Vice Chairperson

4

FOURTH ORDER OF BUSINESS

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'Bannon Lakes
Community 1Jevefoyme.nt 1Jistrict
.Jlyyrovea'Bwfget

:fY 2019

.'August 15,  2018

•	••	•	•	•	•	•	•	•	•	•	•	•	•	•

'Bannon Lakes Community 'Deve{oyment 'District

T.JJ..'.BL'E  Of CO:NT'E:NTS

Genera[ fund 
:Budget
:Budget :Narrative

'Debt Service fund Series 2016 :Budget
Series 2016 .JJ..mortization Scfiedu[e

Tage 1-2
Tage 3-7

Tage 8 Tage9

'Bannon Lakes
Community Veveloyment Vistrict	(genera{ :f'una

	.:Adoytea
'Budget	.'A.cutal
11iru	Projectea
Next	'Total
Projectea	:Ayyruvea
'Budget	
1Jescrip_tion	:F)f 2018	7/31/18	2 :Mont/is	9/30/18	:F)J 2019	

1{evenues						
1Jevefoyer Contri/5utions	$151,247	$6,049	$15,071	$21,120	151,247	
.'Assessments - 'lax Ro[[	$232,804	$183,789	$0	$183,789	183.430	
.'Assessments - Direct	$206,379	$270,712	$0	$270,712	255,753	
'Total'.Revenues	$590,430	$460,550	$15,071	$475,621	$590,430	

'Expenditures						
:Aaministrative						
Suyervisors :fees	$4,000	$0	$0	$0	$4,000	
]'IC.A	$306	$0	$0	$0	$306	
'Engineering	$4,000	$1,254	$2,746	$4,000	$4,000	
Attorney	$20,000	$11,896	$8,104	$20,000	$20,000	
'Dissemination	$3,500	$2,917	$583	$3,500	$4,100	
..'A.nnua[ ..'Audit	$4,200	$2,325	$1,875	$4,200	$4,200	
.'.A..rEitrage	$600	$600	$0	$600	$600	
..'Assessment Roff	$5,000	$5,000	$0	$5,000	$5,000	
Trustee fees	$10,000	$3,000	$7,000	$10,000	$10,000	
Jvt.anagement :fees	$45,000	$37,500	$7,500	$45,000	$45,000	
Information Tecfinofogy	$1,600	$1,333	$267	$1,600	$1,733	
Te{eyfione	$200	$72	$128	$200	$200	
Postage	$500	$188	$312	$500	$500	
Insurance	$5,500	$5,500	$0	$5,500	$5,500	
Printing & 'Bindlng	$3,000	$823	$2,177	$3,000	$3,000	
Lega( Mvertising	$3,000	$627	$2,373	$3,000	$3,000	
Otfier Current Charges	$700	$400	$300	$700	$700	
Office Suyyaes	$400	$114	$286	$400	$400	
Dues, Licenses & Su&scriytions	$175	$175	$0	$175	$175	
:Aaministrative 'Expenditures	$111,681	$73,723	$33,652	$107,375	$112,414	

:Amenty Center
Insurance	$10,273	

$13,233	

$0	

$13,233	

$15,106	
'Utiilties						
Te{eyfione/Internet/Ca6{e	$4,000	$3,215	$785	$4,000	$4,000	
'Efectric	$32,500	$17,519	$14,981	$32,500	$25,000	
Water/Irrigation	$10,000	$5,624	$4,376	$10,000	$10,000	
Ca6{e	$0	$0	$0	$0	$3,000	
§as	$0	$0	$0	$0	$200	
1v!fuse	$2,500	$1,632	$1,000	$2,632	$2,500	
Security						
Security :Monitoring	$600	$0	$0	$0	$600	
..'Access Ca.refs	$500	$650	$0	$650	$500	
:Management Contracts						
:facifity  :Management	$31lrJl. I), 1	$0	$30,900	$30,900	$30,900	

'Bannon £akes
Community Veveloyment Vistrict	(jjeneraC:f'und

	.:A.doytea
'Budget	.'A.cutaf
'lliru	Projectea
Next	'Tota£
Projectea	.Jtyyrovea
'Budget	
'Descriptwn	:J'Y 2018	7/31/18	2 :Mont/is	9/30/18	:J')J 2019	
Continuet£ :Management Contracts	
Too[ .Jltterufants	$24,000	$0	$24,000	$24,000	$24,000	
J'ie[a:Mgmt I Mmin	$18,600	$15,500	$3,100	$18,600	$22,000	
Too[:Maintenance	$8,196	$6,830	$1,366	$8,196	$8,800	
Too[Cfiemicafs	$10,000	$2,577	$515	$3,092	$10,000	
Janitoria[	$6,480	$5,400	$1,080	$6,480	$7,000	
Janitoria[ Suyy[ies	$3,450	$0	$0	$0	$3,450	
jacifity Maintenance	$7,500	$5,833	$1,667	$7,500	$7,500	
'Reyairs & :Maintenance	$5,000	$0	$1,250	$1,250	$4,310	
.'Maintenance 'Reserves	$0	$0	$0	$0	$0	
:New Cayita('Projects	$0	$0	$0	$0	$0	
Syecia{'Events	$3,000	$0	$750	$750	$3,000	
3-fo{id:ay 'Decorations	$1,500	$0	$375	$375	$1,500	
:fitness Center Reyairs/Suyy[ies	$900	$0	$0	$0	$900	
Office Suyylles	$250	$0	$63	$63	$250	
Jl5CJlT/1l:MI Licenses	$500	$0	$125	$125	$500	
.Jlmenity Center 'EXJ!.endltures	$180,649	$78,013	$86,333	$164,346	$185,016	
fjraunds :Maintenance 'Expenditures						
Jfyarofogy Quallty/:Mitigation	$3,600	$0	$900	$900	$3,000	
Lancfscaye Maintenance	$135,000	$132,372	$26,474	$158,847	$135,000	
Lancfscaye Contingency	$20,000	$5,187	$1,037	$6,224	$20,000	
Lake :Maintenance	$7,500	$4,650	$930	$5,580	$7,500	
§rounds .Maintenance	$12,000	$0	$3,000	$3,000	$8,000	
Tumy '.Reyairs	$2,500	$0	$625	$625	$2,000	
Street/lg/it '.Reyairs	$5,000	$0	$1,250	$1,250	$5,000	
Irrigation 'Reyairs	$7,500	$2,138	$428	$2,566	$7,500	
:Misceflaneous	$5,000	$1,056	$211	$1,267	$5,000	
'Rec{aim Water	$100,000	$19,701	$3,940	$23,641	$100,000	
fjaunds :Maintenance 'EXJ!.endltures	 	$298,100	$165,104	$38,796	$203,900	$293,000 

'Tota£'EXl!_enses	 	$590,430	$316,840	$158,781	$475,621	$590,430 

'Excess 'Revenues/('EXJ!.endltures)	$0	$143,710	($143,710)	$0	$0

Page 2

'.Bannon Lalies
Community 'Deve{oyment 'District
GENERAL FUND BUDGET

REVENUES:

Developer Contributions/Assessments

The District will enter into a Funding Agreement with the Developer or levy maintenance assessments to Fund the General Fund expenditures the Fiscal Year.

EXPENDITURES:

Administrative:

Supervisors Fees

The Florida Statutes allows each Board member to receive $200 per meeting not to exceed $4,800 in one year. The amount for the fiscal year is based upon five supervisors attending 12 monthly meetings.

FICA Expense

Represents the Employer's share of Social Security and Medicare taxes withheld from the Board of Supervisors checks.

Engineering

The District will contract with an engineering firm to provide general engineering services to the District,
attendance and preparation for monthly board meetings, review invoices, etc.

Attorney

The District will contract with Hopping Green & Sams for legal counsel to provide general legal services to the District, e.g. attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc.

Dissemination Agent

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

Annual Audit

The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The District will contract with a licensed CPA firm to prepare the annual audit.

Arbitrage

The District is required to annually have an arbitrage rebate calculation on the District's Series 2016 Special Assessment Revenue Bonds.

3

annon Lalies
Community 'Deve{oyment 'District
GENERAL FUND BUDGET

Assessment Roll

The District's assessment roll administration, GMS, LLC, will provide services to prepare assessment rolls to district property owners.

The District issued Series 2016 Special Assessment Revenue Bonds which are held with a Trustee at BNY Mellon. The amount of the trustee fees is based on the agreement between BNY Mellon and the District.

Management Fees

The District will contract with Governmental Management Services, LLC for Management, Accounting and Administrative services as part of a Management Agreement with management company.

Information Technology

The cost related to District's accounting and information systems, District website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements.

Telephone

The cost of telephone and fax machine service.

Postage

The cost of mailing agenda packages, overnight deliveries, correspondence, and payments for the District

Insurance

Represents the estimated cost for public officials and general liability insurance for the District provided
by FIA.

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Legal Advertising

The District is required to advertise various notices for monthly Board  meetings,  public hearings, and etc. in a newspaper of general circulation.

Other Current Charges

Bank charges and any other miscellaneous expenses incurred during the year.

Office Supplies

Miscellaneous office supplies.

4

11annon Lalies
Community 'Deve{oyment 'District
GENERAL FUND BUDGET

Dues, Licenses & Subscriptions

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

Amenity Center:

Insurance

The District's Property insurance policy is with Florida Insurance Alliance. FIA specializes in providing insurance coverage to governmental agencies. The amount budgeted represents the estimated premium for property insurance related to the Amenity Center.

Telephone

The estimated cost for telephone services used for the Amenity Center.

The cost of electric associated with the Recreation Facility.

Water/Irrigation

Water, sewer and irrigation systems cost for the district

The District will provide internet & cable television services for the Amenity Center through Comcast.

The District will contract with vendor to provide propane delivery for amenity center use.

Refuse Service

Cost of garbage disposal service will be provided by local company for the District

Security Monitoring

The District will contract with vendor to provide security monitoring for the Amenity Center.

Access Cords

Represents the estimated cost for access cards purchased by the District's Amenity Center.

Facility Management

Cost to provide management services for the Amenity Center.

Pool Attendant

Cost to provide pool attendants during the operating season for the pool.

5

'Bannon Lalies
Community 'Deve{oyment 'District
GENERAL FUND BUDGET

Field Management and Admin

The District will contract Riverside Management Services, Inc. for onsite field management of contracts for District Services such as landscaping, amenity & pool facilities, lake maintenance, etc.

Pool Maintenance and Supplies

The estimated amount based on proposed contract with Riverside Management Services, Inc. to provide maintenance of the Amenity Center swimming pool.

Pool Chemicals

The estimated amount based on proposed contract with vendor to provide chemicals to maintain the Amenity Center swimming pool.

[anitorial

The estimated amount based on proposed contract with Riverside Management Services, Inc.to provide janitorial services for the Amenity Center.

Facility Maintenance

The estimated amount based on proposed contract with vendor to provide routine repairs and maintenance for the Amenity Center.

Repair & Replacements

Regular maintenance and replacement cost incurred by the Amenity Center of the District

Maintenance Reserves

The District will establish a Maintenance reserve to fund the renewal and replacement of District's capital related facilities.

New Capital Pro;ects

The District will establish a fund for the renewal and replacement of District's capital related facilities.

Special Events

Represents estimated costs for the District to host special events for the community throughout the Fiscal Year.

Holiday Decorations

Represents estimated costs for the District to decorate the amenity center throughout the Fiscal Year.

Fitness Center Repairs/Supplies

Represents estimated costs for the Fitness Center repairs of equipment, purchase of supplies, and preventative maintenance contract.

6

'Bannon Lakes
Community 'Deve{oyment 'District
GENERAL FUND BUDGET

Office Supplies and Equipment

Represents estimated cost for office supplies for the Amenity Center.

ASCAPIBM/ Licenses

License fee required to broadcast music to the amenity center.

Grounds Maintenance:

Hydrology Quality/Mitigation

Cost to preserve beneficial aquatic plants in the wetland mitigation area and control nuisance and exotic pest plant populations.

Landscape Maintenance

Cost to maintain the common areas of the District based on a proposed  contract with Landcare  Group, Inc.

Landscape Contingency

Other landscape costs that is not under contract which includes landscape light repairs and replacements.

Lake Maintenance

Cost for the maintenance of District lakes based on a contract

Grounds Maintenance

Contracted staff for repairs and trash pick-up on District owned property.

Pump Repairs

Provision for pool pump repair or replacements as needed.

Streetlight Repairs

Estimated costs for street lighting and parking lot repairs and replacements.

Irrigation Repairs

Miscellaneous irrigation repairs and maintenance cost for the District

Miscellaneous

Any unanticipated and unscheduled maintenance cost to the District.

Reclaimed water

Reclaimed water Services for the District provided by St Johns County Utility Department

7

annon Lakes	1Je6t Service :furuf
Cmnmunity Vevewyment District	Serlf!.s 2016

	.:Adnytea '.lludget	.'ActuaC
'.Tliru	'Projected:
Next	'Total
Projected:	:Ayyruve,£
'.lludget	
'Description	J1I 2018	7/31/18	z :Munt/is	9/30/18	J112019	

'.Revenues						
Carry Jorwartf Sury[us	$1,462,812	$877,687	$0	$877,687	$292,662	
Interest Income	$0	$0	$100	$100	$50	
Syecia[.'Assessments	$0	$0	$0	$0	$771,500	
'Bonc['Proceeds	$0	$0	$0	$0	$0	
'lM..'AL 'R.:£V'E:N'U'ES	$1,462,812	$877,687	$100	$877,787	$1,064,212	

Interest• 11/01	$292,563	$292,563	$0	$292,563	$292,563	
Interest• 05/01	$292,563	$292,563	$0	$292,563	$292,563	
Principa[- 05/01	$0	$0	$0	$0	$0	
    'JOTJ'LC 'EX'P'E:N'DI'l'U.'R!ES		$585,125	$585,126 	$0	$585,125	$585,125	
'EXCESS 'R:£V'Vl'U.'ES	$877,687	$292,562	$100	$292,662	$479,087	

""Reffe.cts excess revenue at fisca{ year emf fess reserve fu».aGaG:m.ce.	
11/1/19 Interest	
$292,563	
**Interest has 6een cayita6.zecft!irougfi ¾avemEer 1, 2018.	11/1/19 Principa[	$185,000	

Xxpendttures Series 2016

Page8

'.Bannon Lakes		.'Amortization Sclietful.e Community 'DeveW_pm.en.t 1Jistrict	Series 2016, Syeciaf Jllssessment 'JJund:s

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

11/01/16	$	11,850,000	$	$	292,562.50	$	11,850,000.00	
05/01/17	$	11,850,000	$	$	292,562.50	$	11,850,000.00	
11/01/17	$	11,850,000	$	$	292,562.50	$	11,850,000.00	
05/01/18	$	11,850,000	$	$	292,562.50	$	11,850,000,00	
11/01/18	$	11,850,000	$	$	292,562.50	$	11,850,000.00	
05/01/19	$	11,850,000	$	$	292,562.50	$	11,850,000.00	
11/01/19	$	11,850,000	$	185,000.00	$	292,562.50	$	11,665,000.00	
05/01/20	$	11,665,000	$	$	288,400.00	$	11,665,000.00	
11/01/20	$	11,665,000	$	190,000.00	$	288,400.00	$	11,475,000.00	
05/01/21	$	11,475,000	$	$	284,125.00	$	11,475,000.00	
11/01/21	$	11,475,000	$	200,000.00	$	284,125.00	$	11,275,000.00	
05/01/22	$	11,275,000	$	$	279,625.00	$	11,275,000.00	
11/01/22	$	11,275,000	$	210,000.00	$	279,625.00	$	11,065,000.00	
05/01/23	$	11,065,000	$	$	274,900.00	$	11,065,000.00	
11/01/23	$	11,065,000	$	220,000.00	$	274,900.00	$	10,845,000.00	
05/01/24	$	10,845,000	$	$	269,950.00	$	10,845,000.00	
11/01/24	$	10,845,000	$	230,000.00	$	269,950.00	$	10,615,000.00	
05/01/25	$	10,615,000	$	$	264,775.00	$	10,615,000.00	
11/01/25	$	10,615,000	$	240,000.00	$	264,775.00	$	10,375,000.00	
05/01/26	$	10,375,000	$	$	259,375.00	$	10,375,000.00	
11/01/26	$	10,375,000	$	250,000.00	$	259,375.00	$	10,125,000.00	
05/01/27	$	10,125,000	$	$	253,125.00	$	10,125,000.00	
11/01/27	$	10,125,000	$	265,000.00	$	253,125.00	$	9,860,000.00	
05/01/28	$	9,860,000	$	$	246,500.00	$	9,860,000.00	
11/01/28	$	9,860,000	$	275,000.00	$	246,500.00	$	9,585,000.00	
05/01/29	$	9,585,000	$	$	239,625.00	$	9,585,000.00	
11/01/29	$	9,585,000	$	290,000.00	$	239,625.00	$	9,295,000.00	
05/01/30	$	9,295,000	$	$	232,375.00	$	9,295,000.00	
11/01/30	$	9,295,000	$	305,000.00	$	232,375.00	$	8,990,000.00	
05/01/31	$	8,990,000	$	$	224,750.00	$	8,990,000.00	
11/01/31	$	8,990,000	$	320,000.00	$	224,750.00	$	8,670,000.00	
05/01/32	$	8,670,000	$	$	216,750.00	$	8,670,000.00	
11/01/32	$	8,670,000	$	335,000.00	$	216,750.00	$	8,335,000.00	
05/01/33	$	8,335,000	$	$	208,375.00	$	8,335,000.00	
11/01/33	$	8,335,000	$	350,000.00	$	208,375.00	$	7,985,000.00	
05/01/34	$	7,985,000	$	$	199,625.00	$	7,985,000.00	
11/01/34	$	7,985,000	$	370,000.00	$	199,625.00	$	7,615,000.00	
05/01/35	$	7,615,000	$	$	190,375.00	$	7,615,000.00	
11/01/35	$	7,615,000	$	390,000.00	$	190,375.00	$	7,225,000.00	
05/01/36	$	7,225,000	$	$	180,625.00	$	7,225,000.00	
11/01/36	$	7,225,000	$	410,000.00	$	180,625.00	$	6,815,000.00	
05/01/37	$	6,815,000	$	$	170,375.00	$	6,815,000.00	
11/01/37	$	6,815,000	$	430,000.00	$	170,375.00	$	6,385,000.00	
05/01/38	$	6,385,000	$	$	159,625.00	$	6,385,000.00	
11/01/38	$	6,385,000	$	450,000.00	$	159,625.00	$	5,935,000.00	
05/01/39	$	5,935,000	$	$	148,375.00	$	5,935,000.00	
11/01/39	$	5,935,000	$	470,000.00	$	148,375.00	$	5,465,000.00	
05/01/40	$	5,465,000	$	$	136,625.00	$	5,465,000.00	
11/01/40	$	5,465,000	$	495,000.00	$	136,625.00	$	4,970,000.00	
05/01/41	$	4,970,000	$	$	124,250.00	$	4,970,000.00	
11/01/41	$	4,970,000	$	520,000.00	$	124,250.00	$	4,450,000.00	
05/01/42	$	4,450,000	$	$	111,250.00	$	4,450,000.00	
11/01/42	$	4,450,000	$	545,000.00	$	111,250.00	$	3,905,000.00	
05/01/43	$	3,905,000	$	$	97,625.00	$	3,905,000.00	
11/01/43	$	3,905,000	$	575,000.00	$	97,625.00	$	3,330,000.00	
05/01/44	$	3,330,000	$	$	83,250.00	$	3,330,000.00	
11/01/44	$	3,330,000	$	600,000.00	$	83,250.00	$	2,730,000.00	
05/01/45	$	2,730,000	$	$	68,250.00	$	2,730,000.00	
11/01/45	$	2,730,000	$	635,000.00	$	68,250.00	$	2,095,000.00	
05/01/46	$	2,095,000		$	52,375.00	$	2,095,000.00	
11/01/46	$	2,095,000	$	665,000.00	$	52,375.00	$	1,430,000.00	
05/01/47	$	1,430,000		$	35,750.00	$	1,430,000.00	
11/01/47	$	1,430,000	$	700,000.00	$	35,750.00	$	730,000.00	
05/01/48	$	730,000		$	18,250.00	$	730,000.00	
11/01/48	$	730,000	$	730,000.00	$	18,250.00	$	
 	
 	Total		 $	11,850,000.00	$ 12,686,487.50 

Page9

A.

RESOLUTION 2018-05

THE ANNUAL APPROPRIATION RESOLUTION OF THE BANNON LAKES COMMUNITY DEVELOPMENT DISTRICT ("DISTRICT") RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGETS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2018, AND ENDING SEPTEMBER 30, 2019; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

)

WHEREAS,  the District  Manager  has,  prior  to the  fifteenth ( l Stl1       day  in  June,  2018,
submitted to the Board of Supervisors ("Board") of the Bannon Lakes Conuuunity Development District ("District") proposed budgets ("Proposed Budget") for the fiscal year beginning October 1, 2018 and ending September 30, 2019 ("Fiscal Year 2018/2019") 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 SUPERVISORS	OF		THE DEVELOPMENT DISTRICT:

RESOLVED		BY	THE		BOARD	OF BANNON	LAKES	COMMUNITY

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 Bannon Lakes Community Development District for the Fiscal Year Ending September 30, 2019."

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 2018/2019, the sum of$ 	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	$ 	_ DEBT SERVICE FUND - (SERIES 2016)	$ 	_ TOTAL ALL FUNDS	$ 	_ SECTION 3. BUDGET AMENDMENTS
Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2018/2019 or within 60 days following the end of the Fiscal Year 2018/2019 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 15th DAY OF AUGUST, 2018.

ATTEST:	BANNON LAKES COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary

By: 	_ Its: 		_

Exhibit A: Fiscal Year 2018/2019 Budget

B.

RESOLUTION 2018-06

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE BANNON LAKES COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2018/2019; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS, INCLUDING BUT NOT LIMITED TO PENALTIES AND INTEREST THEREON; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Bannon Lakes 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 St. Johns 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 budgets ("Budget") for Fiscal Year 2018/2019, attached hereto as Exhibit "A;" 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 District's 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 Budget; 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 ("Assessment Roll") attached to this Resolution as Exhibit "B," and to certify the portion of the Assessment Roll related to certain developed proper1y ("Tax Roll Property") to the County Tax Collector pursuant to the Uniform Method and to directly collect the portion of the Assessment Roll relating to the remaining proper1y ("Direct Collect Property"), all as set forth in Exhibit "B;" and

WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll adopted herein, including that portion certified to the County Tax Collector by this Resolution, as the Proper1y Appraiser updates the proper1y roll for the County, for such time as authorized by Florida law.

NOW,	THEREFORE,	BE	IT SUPERVISORS	OF		THE DEVELOPMENT DISTRICT:

RESOLVED		BY	THE		BOARD	OF BANNON	LAKES	COMMUNITY

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 of the 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 AND ENFORCEMENT; PENALTIES; INTEREST.

Tax Roll Assessments. The operations and maintenance special assessments imposed on the Tax Roll Proper1y shall be collected at the same time and in the same marmer as County taxes in accordance with the Uniform Method, as set forth in Exhibits"A" and "B."

Direct Bill Assessments. The operations and maintenance special assessments imposed on the Direct Collect Proper1y shall be collected directly by the District in accordance with Florida law, as set forth in Exhibits "A" and "B." Assessments directly collected by the District are according to the following schedule: 25% due no later than October 15, 2018, 25% due no later than January 1, 2019, 25% due no later than April 1, 2019, and 25% due no later than July 1, 2019. In the event that an assessment payment is not made in accordance with the schedule stated above, the

whole assessment - including any remaining partial, deferred payments for Fiscal Year 2018/2019, shall immediately become due and payable; shall accrue interest, penalties in the amount of one percent (I%) per month, and all costs of collection and enforcement; and shall either be enforced pursuant to a foreclosure action, or, at the District's sole discretion, collected pursuant to the Uniform Method on a future tax bill, which amount may include penalties, interest, and costs of collection and enforcement. Any prejudgment interest on delinquent assessments shall accrue at the rate of any bonds secured by the assessments, or at the statutory prejudgment interest rate, as applicable. In the event an assessment subject to direct collection by the District shall be delinquent, the District Manager and District Counsel, without further authorization by the Board, may initiate foreclosure proceedings pursuant to Chapter 170 of the Florida Statutes or other applicable law to collect and enforce the whole assessment, as set forth herein.

Future Collection Methods. 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 District's Assessment Roll, attached to this Resolution as Exhibit "B," is hereby certified for collection. That portion of the District's Assessment Roll which includes the Tax Roll Property is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same marmer 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 District's 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 15th day of August, 2018.

ATTEST:	BANNON LAKES COMMUNITY DEVELOPMENT DISTRICT

Secretary I Assistant Secretary

By:. 	_

Its: 	_

Exhibit A:	Budget
Exhibit B:	Assessment Roll (Uniform Method) Assessment Roll (Direct Collect)

FIFTH ORDER OF BUSINESS

CONSTRUCTION FUNDING AGREEMENT BETWEEN THE BANNON LAKES COMMUNITY DEVELOPMENT DISTRICT AND RREF III-P-EP BANNON LAKES JV, LLC

THIS AGREEMENT is made and entered into this_ day of August 2018, by and between:

Bannon Lakes Community Development District, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, and located in St. Johns County, Florida (the "District"), and

RREF 111-P-EP Bannon Lakes JV, LLC, a Delaware limited liability company, the primary owner of certain lands with the District's boundaries, whose address is 790 NW 107th Avenue, Fourth Floor, Miami, Florida 33172 (the "Landowner").

RECITALS

WHEREAS, the District was established by an ordinance adopted by the County Commission of St. Johns County, Florida, for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure; and

WHEREAS, the Landowner is the owner and/or developer of certain parcels of land in St. Johns County, Florida, located within the boundaries of the District (hereinafter the "Development") upon which the District's improvements have been or will be made; and

WHEREAS, the District, pursuant to Chapter 190, Florida Statutes, is authorized to levy such taxes, special assessments, fees, and other charges as may be necessary in furtherance of the District's activities and services; and

WHEREAS, the District previously issued its $11,850,000 Bannon Lakes Community Development District Special Assessment Revenue Bonds, Series 2016 (the "Bonds");

WHEREAS, in connection with the issuance of the Bonds, the District and the Landowner entered into that certain Agreement by and between the Bannon Lakes Community Development District and RREF III-P-EP Bannon Lakes JV, LLC, Regarding the Completion of Certain Improvements relating to the Series 2016 Project dated January 25, 2016 (the "Completion Agreement"); and

WHEREAS, the Completion Agreement defines the Series 2016 Project as the infrastructure improvements, facilities, and services detailed in the Bannon Lakes Community Development District Supplemental Engineer's Report for Master Infi·astructure - Phase I Improvement Capital Improvement Plan (dated December 15, 2015); and;

WHEREAS, the Completion Agreement acknowledges that the Bonds will be able to fund only a portion of the 2016 Project and that, in order to provide for the completion of the 2016 Project and regardless of whether the District ever issues any other bonds in the future, the

Landowner agrees to be responsible for the completion of the 2016 Project, as set forth in more detail in the Completion Agreement; and

WHEREAS, the 2016 Project makes up only a portion of the total capital improvement plan adopted by the District, which capital improvement plan is described in the Bannon Lakes Community Development District Engineer's Report Capital Improvement Plan (dated November 23, 2015) (the "Capital Improvement Plan");

WHEREAS, the District is anticipated to be without sufficient funds available to provide for the construction of planned improvements and facilities described in the Capital Improvement Plan, including the 2016 Project, including construction and any design, engineering, legal, or other construction or administrative costs (collectively, the "Project"); and

WHEREAS, the District and the Landowner desire to enter into this Agreement for the purpose of evidencing the District's obligation, subject to the terms set forth herein, to reimburse the Landowner for funding provided under this Agreement for any portion of the Project, from the proceeds of future bond issuances issued for such purpose; and

WHEREAS, in order to induce the District to proceed with the construction of the Project, the Landowner desires to provide the funds, as set forth in more detail herein, necessary to enable the District to proceed with the Project if and when the District does not have available funds to proceed with the Project; and

WHEREAS, the District anticipates accessing the public bond market in the future to obtain financing for the construction of the Project, and the parties agree that, in the event that bonds are issued, the proceeds of such bonds will be used, in part, to reimburse Landowner for any funds provided by Landowner under this Agreement.

Now, THEREFORE, in consideration of the recitals, agreements, and mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties, the parties agree as follows:

I.  Incorporation of Recitals.   The recitals stated above are true and correct and by this reference are incorporated herein as a material part of this Agreement.

Funding. Upon a request by the District to the Landowner to provide funding for any portion of the Project and the Landowner's agreement to provide such funding, the District and the Landowner shall mutually agree to a written description of the portion of the Project subject to such funding (the "Funded Project"). Landowner agrees to make available to the  District such monies as are necessary to enable the District to proceed with the design, engineering, and construction of the Funded Project. Landowner will make such funds available on a monthly basis, within fifteen (15) days of a written request by the District. The funds shall be placed in the District's construction account with such depository as determined by the District. Landowner may also fulfill its obligations herein by timely paying any District contractor for portions of the Funded Project such contractor provides to the District. Notwithstanding anything herein, nothing in this Agreement shall impact the Landowner's obligations in the Completion Agreement and,

should the District not issue a subsequent series of bonds, the District shall have no obligation to reimburse the Developer for any funding or improvements provided under the Completion Agreement.

Repayment. The parties agree that the funds provided by Landowner pursuant to this Agreement will be properly reimbursable from proceeds of the District's issuance of tax­ exempt bonds issued for the purpose of funding the improvements funded pursuant to this Agreement. Within forty-five (45) days of receipt from time to time of sufficient funds by the District for the financing of some or all of the Funded Project, the District shall reimburse Landowner until full reimbursement is made, exclusive of interest, for the funds advanced under Section 2 above; provided, however, that in the event bond counsel engaged in connection with the District's issuance of bonds providing such financing determines that any such monies advanced or expenses incurred are not properly reimbursable from such bond proceeds for any reason, including, but not limited to federal tax restrictions imposed on tax-exempt  financing, the District shall not be obligated to reimburse such monies advanced or expenses incurred. If the District does not or cannot issue bonds to provide the funds for the Funded Project within five
(5) years of the date of this Agreement, and, thus does not reimburse the Landowner for the funds advanced, then the parties agree that such funds shall be deemed paid in lieu of taxes, fees, or assessments which might be levied or imposed by the District against lands owned by Landowner, from time to time.

Default. A default by either party to this Agreement shall entitle the other to all remedies available at law or in equity, which may include, but not be limited to, the right of actual damages, injunctive relief and/or specific performance, but shall exclude, in any event, consequential, incidental, special or punitive damages.

Enforcement of Agreement. In the event that either party is required to enforce this Agreement by court proceedings or otherwise, then the prevailing party shall be entitled to recover all fees and costs incurred, including reasonable attorneys' fees and costs for trial, alternative dispute resolution, or appellate proceedings.

Agreement. This Agreement shall constitute the final and complete expression of the agreement between the parties relating to the specific subject matter of this Agreement.

Amendments. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both parties.

Authorization. The execution of this Agreement has been duly authorized by the appropriate body or official of all parties hereto, each party has complied with all of the requirements of law, and each party has full power and authority to comply with the terms and provisions of this Agreement.

Notices. All notices, requests, consents and other communications hereunder ("Notices") shall be in writing and shall be delivered, mailed by First Class Mail, postage prepaid, or overnight delivery service, to the parties, as follows:

If to District:

With a copy to:

If to Landowner:

With a copy to:

Bannon Lakes Community Development District 475 West Town Place, Suite 114
St. Augustine, Florida 32092 Attn: District Manager

Hopping Green & Sams, P.A. 119 S. Monroe Street, Suite 300
Tallahassee, Florida 32301 Attn: District Counsel

Carlton Fields
4221 W. Boy Scout Blvd, Suite 1000 Tampa, Florida 33607
Attn: Joel B. Giles

Eastland Partners, LLC
700 Ponte Vedra Lakes Blvd. Ponte Vedra Beach, Florida 32082 Attn: Arthur Lancaster

Except as otherwise provided herein, any Notice shall be deemed received only upon actual delivery at the address set forth herein. Notices delivered after 5:00p.m. (at the place of delivery) or on anon-business day, shall be deemed received on the next business day. If any time for giving Notice contained in this Agreement would otherwise expire on a non-business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the parties may deliver Notice on behalf of the party he/she represents. Any party or other person to whom Notices are to be sent or copied may notify the other parties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days written notice to the parties and addressees set forth herein.

Third Party Beneficiaries. This Agreement is solely for the benefit of the formal parties herein and no right or cause of action shall accrue upon or by reason hereof, to or for the benefit of any third party not a formal party hereto. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the parties hereto any right, remedy or claim under or by reason of this Agreement or any provisions or conditions hereof; and all of the provisions, representations, covenants and conditions herein contained shall inure to the sole benefit of and shall be binding upon the parties hereto and their respective representatives, successors and assigns.

Assignment. Neither party may assign this Agreement or any monies to become due hereunder without the prior written approval of the other party.

Controlling Law. This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida.

Effective Date. The Agreement shall be effective after execution by all parties hereto and shall remain in effect unless terminated by any of the parties hereto.

Public Records. Landowner understands and agrees that all documents of any kind provided to the District or to District staff in connection with the work contemplated under this Agreement are public records and are treated as such in accordance with Florida law and the District's Record Retention Schedule.

Counterparts. This Agreement may be executed in one or more counterparts which, when taken together, shall constitute one and the same instrument.

IN WITNESS WHEREOF, the parties execute this Agreement to be effective the day and year first written above.

Attest:	BANNON LAKES COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	ChairmanNice Chair, Board of Supervisors

RREF III-P-EP BANNON LAKES JV, LLC,
a Delaware limited liability company

BY:	RREF III-P-EP BANNON LAKES N MEMBER, LLC
a Delaware limited liability company, its managing member

BY:	RIALTO REAL ESTATE FUND III-PROPERTY, LP,
a Delaware limited partnership, its sole member

BY:	RIALTO PARTNERS GP, III-PROPERTY, LLC,
a Delaware limited liability company, its general partner

WITNESS:

(Print Name of Witness)

SIXTH ORDER OF BUSINESS

The Lake Doctors, Inc.
Aquatic Management Services	®

Corporate Offices 3543 State Road 419
Winter Springs, FL 32708 1-800-666-5253
lakes@lakedoctors.com
www.lakedoctors.com

June 15, 2018

Mr. James Perry Bannon Lakes COD c/o GMS
475 West Town Place, #114
St. Augustine, FL 32092 Dear Mr. Perry:
Your current Lake Doctors, Inc. Water Management Agreement for Bannon Lakes CDD is due for renewal on August 1, 2018. We are pleased to enclose a renewal proposal for your approval. Your monthly investment amount of $465.00/per month will remain unchanged.

If you have any questions or concerns regarding your Lake Doctors Water Management Program, please feel free to give me a call at (904)626-0287 or contact me by email at mark.seymour@lakedoctors.com.

To assure continuous and uninterrupted service, kindly return a copy of the executed agreement by July 15, 2018. For your convenience, we have provided a pre-addressed, stamped envelope.

As always, we will continue to focus upon fully satisfying your water management needs by providing excellent, quality service, quick response to questions or problems and deep concern for the health of your pond, lake or waterway.

We at The Lake Doctors very much appreciate your current business and look forward to continuing to work with you to keep your waterway(s) in excellent condition.

MAS/jkw 723475

Sincerely,
/t/JA
Mark A. Seymour
Sales Manager

(941) 377-0658	(904) 262- 5500	(727) 544-7644	(239) 693-2270	(850) 939-5787	(937) 433-2942	(843) 873-1911	
1-800-444-5253	1-800-398-5253	1-888-668-5253	1-800-444-5253	1-800-398-5253	1-866-774-5253	1-800-398-5253	

Ft. Lauderdale
(954) 565-7488
1-800-683-5253

Sarasota

Jacksonville

largo

Ft. Myers

Navarre

Ohio

South Carolina

ATTACH PAYMENT HERE

The Lake Doctors, Inc.

Corporate Offices
3543 Stale Road 419 Winter Springs, Fl 32708 1-800-666-5253
lakes@lakedoctors.com

Aquatic  Management  Services	1111	www.lakedoctors.com
WttfuttsWttaVNNM:ih\tW tUSVUWttidu\JM2ktw1 t Jutatw\Jai WJdtiJltultiM
Water Management Agreement
MAS/723475 R
This Agreement, made this    ---------day of  	 20_isbetween The Lake Doctors, Inc., a Florida Corporation, hereinafter called "THE LAKE DOCTORS" and
NAME  	

BILLING ADDRESS---------------------------------
CITY 	STATE 	ZIP 	PHONE (	 	

EMAILADDRESS======== =-=====	­
IFYOU WOULD LIKE YOUR INVOICE EMAILED, CHECK HERE:   

Hereinafter called "CUSTOMER" The parties hereto agree to follows:

REQUESTED START DATE:   		 PURCHASE ORDER#: 	_

THE LAKE DOCTORS agrees to manage certain lakes and/or waterways for a period of twelve (12) months from the date of
execution of this Agreement in accordance with the terms and conditions of this Agreement in the following location(s):

Four (4) ponds associated with Bannon Lakes COD, St. Augustine, Florida.

Includes a minimum of twelve (12) inspections and treatments, as necessary, for control and prevention of noxious aquatic weeds and algae. Service will cease effective August 1, 2018 if the signed Agreement is not returned. Note - #11 on Terms & Conditions does not apply.

CUSTOMER agrees to pay THE LAKE DOCTORS, its agents or assigns, the following sum for specified aquatic management seivices:

Underwater and Floating Vegetation Control Program	$	465.00 monthly
Shoreline Grass and Brush Control Program	$	--'l"'N'-'cC"'L"'U":D  E"'D=--------
3.	Free Callback Service	$	--'l"-N'-'C'-'L""U'-'D'-"E=D=-------
Monthly Written Service Reports	$	_l"-N'-'C'-'L'-"U'-'D'-'E=D=- 	_
Additional  Treatments, if required	$	_le_Nc,Cc,LcoUc,D:.-EccD=-------
Total of Services Accepted	$	465.00 monthly
$0.00 of the above sum-total shall be due and payable upon execution of this Agreement, the balance shall be payable in advance in monthly installments of $465.00, including any additional costs such as sales taxes, permitting fees, monitoring, reporting, water testing and related costs mandated by any governmental or regulatory body related to service under this Agreement.

THE LAKE DOCTORS uses products which, in its sole discretion, will provide effective and safe results.

THE LAKE DOCTORS agrees to commence treatment within fifteen (15) business days, weather permitting, from the date of receipt of this executed Agreement plus initial deposit and/or required government permits.

The offer contained herein is withdrawn and this Agreement shall have no further force and effect unless executed and returned by CUSTOMER to THE LAKE DOCTORS on or before July 15, 2018.

The terms and conditions appearing on the reverse side form an integral part of this Agreement, and CUSTOMER hereby acknowledges that he has read and is familiar with the contents thereof. Agreement must be returned in its entirety to be considered valid.
THE LAKE DOCTORS, INC.	CUSTOMER

Signed	/tlaA4SiJ •-	

Signed 	Dated 		_

MARK A. SEYMOUR SALES MANAGER

Name  	

03/2016	® THE LAKE DOCTORS, INC.

ATTACH PAYMENT HERE

The Lake Doctors, Inc.

Aquatic Management Services

1111

Corporate Offices
3543 Slate Road 419 Wiriter Springs, Fl 32708 1 800-666-5253
lakes@l.ikedoctors.com
www.lakedoctors.com

Water Management Agreement

MAS/723475 R

This Agreement, made this-:,---,,--c-c==-:-:-=-=--cday of  	20_isbetween The Lake Doctors, Inc., a Florida Corporation, hereinafter called "THE LAKE DOCTORS" and
NAME  	

BILLING ADDRESS  	

CITY 	STATE 	ZIP 	PHONE (	 	

EMAILADDRESS_	--- ----=	­
IF YOU WOULD LIKE YOUR INVOICE EMAILED, CHECK HERE:   

Hereinafter called "CUSTOMER" The parties hereto agree to follows:

REQUESTED START DATE:    		 PURCHASE ORDER#:. 	_

THE LAKE DOCTORS agrees to manage certain lakes and/or waterways for a period of twelve (12) months from the date of
execution of this Agreement in accordance with the terms and conditions of this Agreement in the following location(s):

Four (4) ponds associated with Bannon Lakes CDD, St. Augustine, Florida.

Includes a minimum of twelve (12) inspections and treatments, as necessary, for control and prevention of noxious aquatic weeds and algae. Service will cease effective August 1, 2018 if the signed Agreement is not returned. Note• #11 on Terms & Conditions does not apply.
CUSTOMER agrees to pay THE LAKE DOCTORS, its agents or assigns, the following sum for specified aquatic management services:

Underwater and Floating Vegetation Control Program	$	465.00 monthly
Shoreline Grass and Brush Control Program	$	_,,_,I.N,2cLc>UD2E='D=--	_
Free Callback Service	$	_l,:._N,.,C::,Lc:UccDc.cEc.cDc._ 	_
Monthly  Written Service  Reports	$	-cclNC-:Ccclc;U'cDccE  D=-    	  
Additional Treatments, if required	$	-"-IN,..Ce,Lc.oU'-'D'-'E"'D"--------
Total of Services Accepted	$	465.00 monthly
$0.00 of the above sum-total shall be due and payable upon execution of this Agreement, the balance shall be payable in advance in monthly installments of $465.00, including any additional costs such as sales taxes, permitting fees, monitoring, reporting, water testing and related costs mandated by any governmental or regulatory body related to service under this
Agreement.

THE LAKE DOCTORS uses products which, in its sole discretion, will provide effective and safe results.

THE LAKE DOCTORS agrees to commence treatment within fifteen (15) business days, weather permitting, from the date of receipt of this executed Agreement plus initial deposit and/or required government permits.

The offer contained herein is withdrawn and this Agreement shall have no further force and effect unless executed and returned by CUSTOMER to THE LAKE DOCTORS on or before July 15, 2018.

The terms and conditions appearing on the reverse side form an integral part of this Agreement, and CUSTOMER hereby acknowledges that he has read and is familiar with the contents thereof. Agreement must be returned in its entirety to be considered valid.
THE LAKE DOCTORS, INC.	CUSTOMER

Signed	Ai Si;U,I.'-- 

Signed 	Dated 		_

MARK A SEYMOUR, SALES MANAGER

Name  	

03/2016	® THE LAKE DOCTORS, INC.

SEVENTH ORDER OF BUSINESS

Bannon Lakes Community Development District

ANNUAL FINANCIAL REPORT

September 30, 2017

Bannon Lakes Community Development District ANNUAL FINANCIAL REPORT
Fiscal Year Ended September 30, 2017

TABLE OF CONTENTS

Page Number

REPORT OF INDEPENDENT AUDITORS MANAGEMENT'S DISCUSSION AND ANALYSIS

1-2

3-8

BASIC FINANCIAL STATEMENTS:
Government-wide Financial Statements:
Statement of Net Position	9
Statement of Activities	10
Fund Financial Statements:
Balance Sheet - Governmental Funds	11
Reconciliation of Total Governmental Fund Balances
to Net Position of Governmental Activities	12
Statement of Revenues, Expenditures and Changes in Fund
Balances - Governmental Funds	13
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds
to the Statement of Activities	14
Statement of Revenues, Expenditures and Changes in Fund
Balances -  Budget and Actual - General Fund	15
Notes to Financial Statements	16-28
INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN
ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS	29-30
MANAGEMENT LETTER	31-32
INDEPENDENT ACCOUNTANT'S REPORT/COMPLIANCE WITH
SECTION 218.415, FLORIDA STATUTES	33

ti Berger, Toombs, Elam,
-OJ Gaines & Frank
Certified Public Accountants	Pl

600 Citrus Avenue
Suite 200
Fort Pierce, Florida 34950
772/461-6120 // 461-1155
FAX: 772/468-9278	REPORT OF INDEPENDENT AUDITORS

To the Board of Supervisors
Bannon Lakes Community Development District St. Johns County, Florida

Report on the Financial Statements

We have audited the ··accompanying financial statements of Bannon Lakes Community Development District as of and for the year ended September 30, 2017, and the related notes to financial statements, which collectively comprise the District's basic financial statements as listed in the table of contents.

Management's Responsibility for the Financial Statements·

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditor's Responsibility

Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Accounting Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Member AICPA

Fort Pierce / Stuart
- 1 -
Member A/CPA Division For CPA Firms
Private Companies Practice Section

Member FICPA

S:Rt Berger, Toombs, Elam,

'-v-' Gaines & Frank

To the Board of Supervisors
Bannon Lakes Community Development District

Opinion

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of Bannon Lakes Community Development District, as of September 30, 2017, and the respective changes in financial position and the budgetary comparison for the General Fund for the year then ended in conformity with accounting principles generally accepted in the United States of America.

Other Matters

Required Supplementary Information

Accounting principles generally accepted in the United States of America require that the Management Discussion and Analysis be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Reporting Required by Government Auditing Standards

j;5;.t k

In accordance with Government Auditing Standards, we have also issued a report dated June 25, 2018 on our consideration of the District's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations and contracts.  The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering Bannon Lakes Community Development District's internal control over financial reporting and compliance.

Certified Public Accountants PL Fort Pierce, Florida

June 25, 2018

- 2 -

Bannon Lakes Community Development District MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2017

Management's discussion and analysis of Bannon Lakes Community Development District (the "District") financial performance provides an objective and easily readable analysis of the District's financial activities. The analysis provides summary financial information for the District and should be read in conjunction with the District's financial statements.

OVERVIEW OF THE FINANCIAL STATEMENTS

The District's basic financial statements comprise three components; 1) Government-wide financial statements, 2) Fund financial statements, and 3) Notes to financial statements. The Government-wide financial statements present an overall picture of the District's financial position and results of operations. The Fund financial statements present financial information for the District's major funds. The Notes to financial statements provide additional information concerning the District's finances.

The Government-wide financial statements are the statement of net position and the statement of activities. These statements use accounting methods similar to those used by private-sector companies. Emphasis is placed on the net position  of governmental  activities and the change in net position. Governmental activities are primarily supported by special assessments.

The statement of net position presents information on all assets and liabilities of the District, with the difference between assets and liabilities reported as net position. Assets, liabilities, and net position are reported for all Governmental activities.

The statement of activities presents information on all revenues and expenses of the District and the change in net position. Expenses are reported by major function and program revenues relating to those functions are reported, providing the net cost of all functions provided by the District. To assist in understanding the District's operations, expenses have been reported as governmental activities. Governmental activities financed by the District include general government and debt service.

Fund financial statements present financial information for governmental funds. These statements provide financial information for the major funds of the District. Governmental fund financial statements provide information on the current assets and liabilities of the funds, changes in current financial resources (revenues and expenditures), and current available resources.

- 3 -

Bannon Lakes Community Development District MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2017

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Fund financial statements include a balance sheet and a statement of revenues, expenditures and changes in fund balances for all governmental funds. A statement of revenues, expenditures, and changes in fund balances - budget and actual is provided for the District's General Fund. Fund financial statements provide more detailed information about the District's activities. Individual funds are established by the District to track revenues that are restricted to certain uses or to comply with legal requirements.

The government-wide financial statements and the fund financial statements provide different pictures of the District. The government-wide financial statements provide an overall picture of the District's financial standing. These statements are comparable to private-sector companies and give a good understanding of the District's overall financial health and how the District paid for the various activities, or functions, provided by the District. All assets of  the  District, including construction in progress, are reported in the statement of net position. All liabilities, including principal outstanding on bonds are included. In the statement of activities, transactions between the different functions of the District have been eliminated in order  to avoid "doubling up" the revenues and expenses. The fund financial statements  provide  a picture of the major funds of the District. In the case of governmental activities, outlays for long lived assets are reported as expenditures and long-term liabilities, such as general obligation bonds, are not included in the fund financial statements. To provide a link from the  fund  financial statements to the government-wide financial statements, reconciliation is provided from the fund financial statements to the government-wide financial statements.

Notes to financial statements provide additional detail concerning the financial activities and financial balances of the District. Additional information about the accounting practices of the District, investments of the District, capital assets and long-term debt are some of the items included in the notes to financial statements.

Financial Highlights

The following are the highlights of financial activity for the year ended September 30, 2017.

The District's total liabilities exceeded total assets by $(852,508) (net position).

Governmental activities revenues totaled $752,903 while governmental activities expenses totaled $810,621.

-4-

Bannon Lakes Community Development District MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2017

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Financial Analysis of the District

The following schedule provides a summary of the assets, liabilities and net position of the District and is presented by category for comparison purposes.

Net Position

Governmental Activities

 	2017	2016	

Current assets	$	463,829	$	36,628
Restricted assets	1,263,438	8,021,411
Capital assets	9,649,986	3,923,381

Total Assets	 11,377,253	11,981,420 

Current liabilities	482,490	1,032,354
Non-current liabilities	 11,747,271	11,743,856 
Total Liabilities	 12,229,761	12,776,210 

Net position - unrestricted	$ 	(852,508)	$	(794,790)

The increase in current assets is due to an increase in cash and due from developer in the current year.

The decrease in restricted assets is primarily the result of the interest payments and capital additions in the current year.

The decrease in current liabilities is primarily due to a decrease in contracts and retainage payable in the current year.

- 5 -

Bannon Lakes Community Development District MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2017

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Financial Analysis of the District (Continued)

The following schedule provides a summary of the changes in net position of the District and is presented by category for comparison purposes.

Change In Net Position

	 	Governmental  Activities		
	 	2017	2016		
Program Revenues		
Charges for sevices	$	439,208	$	
Operating grants and contributions	 	313,695	98,777 	

Total Revenues	 	752,903	98,777 

Expenses
General government	100,118	88,253
Physical environment	95,487
Culture/recreation	26,476
Interest on long-term debt	 	588,540	804,004 

Total Expenses	 	810,621	892,257 

Change in Net Position	(57,718)	(793,480)	
Net Position - Beginning of Year	 	   (794,790)	 		(1,310)	

Net Position - End of Year	 	$	(852,508)	$	(794,790)

The increase in special assessments is related to the initial year assessments were levied.

The decrease in interest on long-term debt is primarily attributable to the cost of issuance of long-term debt in the prior year.

- 6 -

Bannon Lakes Community Development District MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2017

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Capital Assets Activity

The following schedule provides a summary of the District's capital assets as of September 30, 2017 and 2016.

Governmental Activities

2017	2016
Construction in progress	$	9,649,986	$	3,923,381 Current year activity consisted of additions to construction in progress of $5,726,605.
General Fund Budgetary Highlights

Budgeted expenditures exceeded actual expenditures primarily due to less attorney, supervisor fees, landscape maintenance, facility management and utilities expenditures than were anticipated.

There were no amendments to the September 30, 2017 budget.

Debt Management

Governmental Activities debt includes the following:

In January 2016 the District issued $11,850,000 Special Assessment Bonds, Series 2016. The Bonds were issued to provide funds to finance the cost of acquisition, construction, installation and equipping the 2016 Project, pay certain costs associated with issuing the bonds, fund the 2016 Reserve account and fund capitalized interest through  November  1,  2018.  The  balance  outstanding  at  September   30,  2017 was
$11,850,000.

- 7 -

Bannon Lakes Community Development District MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2017

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Economic Factors and Next Year's Budget

Bannon Lakes Community Development District is in the process of finishing construction within the District. The District does not expect any other economic factors to have a significant effect on the financial position or results of operations of the District in fiscal year 2018.

Request for Information

The financial report is designed to provide a general overview of Bannon Lakes Community Development District's finances for all those with an interest. Questions concerning any of the information provided in this report or requests for additional information should be addressed to the Bannon Lakes Community Development District, Governmental Management Services, 475 West Town Place, Suite 114, St. Augustine, FL 32092.

- 8 -

Bannon Lakes Community Development District STATEMENT OF NET POSITION
September 30, 2017

ASSETS
Current Assets Cash
Due from developer Deposits
Prepaid expenses
Total Current Assets Non-Current Assets
Restricted Assets Investments
Capital Assets, Not Being Depreciated

Governmental Activities

$	228,164
216,882
50
 	18,733 
 	463,829 

1,263,438

Construction in progress	 	9,649,986 	
Total Non-Current Assets	 	10,913,424 	
Total Assets	 	11,377,253 	

LIABILITIES
Current Liabilities
Accounts payable	20,606	
Contracts and retainage payable	218,082	
Accrued interest	 	243,802 	
Total Current Liabilities	 	482,490 	
Non-Current Liabilities		
Bonds payable, net	 	11,747,271 	
Total Liabilities	 	12,229,761 	

NET POSITION
Unrestricted	 $	(852,508)

See accompanying notes to financial statements.

- 9 -

Bannon Lakes Community Development District STATEMENT OF ACTIVITIES
For the Year Ended September 30, 2017

 	Program Revenues	
Operating Charges for	Grants and

Governmental Activities		
General government	$	(100,118)	$	198,003	$	$	97,885	
Physical environment	(95,487)	188,844	313,695	407,052	
Culture/recreation	(26,476)	52,361		25,885	
Interest on long-term debt	(588,540)			(588,540)	

Functions/Programs	Expenses	Services	Contributions

Net (Expense) Revenues and Changes in Net Position

Governmental Activities

Total Governmental Activities	    $	(810,621)	$	439 208	$	313 695	 	(57,718) 	
	Change in Net Position	(57,718)	
	Net Position - October 1, 2016	 	(794,790) 	
	Net Position - September 30, 2017	$	(852,508)	

See accompanying notes to financial statements.

- 10 -

Bannon Lakes Community Development District
BALANCE SHEET GOVERNMENTAL FUNDS
September 30, 2017

Series	Series	Total	
2016	2016	Governmental	
 General	Debt Service	Caeital Projects	Funds	
ASSETS
Cash	
$	228,164	
$	$	
$	228,164	
Due from developer	-	216,882	216,882	
Prepaid expenses	18,733		18,733	
Deposits	50		50	
Restricted assets				
Cash and investments, at fair value	 	1,263,438	1,263,438

Total Assets	 	$	246,947 

LIABILITIES AND FUND BALANCES LIABILITIES

=$1,263,438	$	216,882	$	1,727,267

Accounts payable			$	20,606	$	$		$		20,606 Contracts and retainage payable		 						218,082			218,082 Total Liabilities	 		20,606			218,082		238,688

FUND BALANCES
Nonspendable:
Prepaid expenses/deposits	18,783	18,783
Restricted:
Debt service	-	1,263,438	1,263,438	
Unassigned	 	207,558	(1,200)	206,358	
Total Fund Balances	 	226,341	1,263,438	(1,200)	1,488,579	
Total Liabilities and Fund Balances	 	$	246,947       $1,263,438	 $	216,882       $	1,721_,267	

See accompanying notes to financial statements.
- 11 -

Bannon Lakes Community Development District RECONCILIATION OF TOTAL GOVERNMENTAL FUND BALANCES TO NET POSITION OF GOVERNMENTAL ACTIVITIES
September  30, 2017

Total Governmental Fund Balances

Amounts reported for governmental activities in the Statement of Net Position are different because:

Capital assets, not being depreciated, land and improvements, used in governmental activities are not current financial resources and therefore, are not reported at the governmental fund level.

Long-term liabilities, including bonds payable, $(11,850,000), and bond discount, $102,729, are not due and payable in the current period and therefore, are not reported at the governmental fund level.

Accrued interest expense for long-term debt is not a current financial use and therefore, is not reported at the governmental fund level.

Net Position of Governmental Activities

$	1,488,579

9,649,986

(11,747,271)

 	(243,802) 

$	(852,508)

See accompanying notes to financial statements.

- 12 -

Bannon Lakes Community Development District STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCES - GOVERNMENTAL FUNDS
For the Year Ended September 30, 2017

Series	Series	Total
2016	2016	Governmental
 	General	Debt Service	Capital Projects	Funds
Revenues
Special assessments	$   439,208	$	-	$	-	$	439,208	
Developer contributions	 	10,654	-	313,695	324,349 	
Total Revenues	 	449,862		-	313,695	763,557	

100,118	-	100,118	
95,487	-	-	95,487	
26,476	-	-	26,476	
-	-	5,726,605	5,726,605	

Expenditures Current
General government Physical environment Culture/recreation
Capital outlay
Debt service
Interest	 	-	585,125	-	585,125 
Total Expenditures	 	222,081	585,125	5,726,605	6,533,811

Net Change in Fund Balances	227,781	(585,125)	(5,412,910)	(5,770,254)	
Fund Balances - October 1, 2016	(1,440)	1,848,563	 	  5,411,710	 	7,258,833	
Fund Balances - September 30, 2017	$ 226,341	$ 1,263,431l_	$	(1,200)	$	1,488,579	

See accompanying notes to financial statements.

- 13 -

Bannon Lakes Community Development District RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
For the Year Ended September 30, 2017

Net Change in Fund Balances - Total Governmental Funds	$	(5,770,254)

Amounts reported for governmental activities in the Statement of Activities are different because:

Governmental funds report capital outlays as expenditures. However, in the Statement of Activities, the cost of those assets is allocated over their estimated useful lives as depreciation. This is the amount of capital outlay in the current period.

Revenues in the Statement of Activities that do not provide current financial resources are reported as deferred inflows of resources in the governmental funds. This is the change in deferred inflows of resources in the current period.

Amortization of bond discount does not require the use of financial current resources and therefore, is not reported in the governmental funds. This is the amount of amortization in the current period.

5,726,605

(10,654)

 	(3,415) 

Change in Net Position of Governmental Activities	$	(57,718)

See accompanying notes to financial statements.

- 14 -

Bannon Lakes Community Development District STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL - GENERAL FUND
For the Year Ended September 30, 2017

Variance with Final Budget
Original	Final	Positive

Revenues	 	Budget	Budget	Actual	(Negative) 	
Special assessments	$552,204	$552,204	$ 439,208	$	(112,996)	
Developer contributions	10,654	10,654	
Total Revenues	 	552,204	552,204	449,862	(102,342)	

Expenditures Current
General government	111,681	111,681	100,118		11,563	
Physical environment	267,600	267,600	95,487		172,113	
Culture/recreation	172,923	172,923	26,476		146,447	
Total Expenditures	 	552,204	552,204		222,081	 		330,123	
Net Change in Fund Balances		227,781		227,781	
Fund Balances - October 1, 2016	 		(1,440)	 		(1,440)	

Fund Balances - September 30, 2017 	$  226,341	$	226 341

See accompanying notes to financial statements.

- 15 -

Bannon Lakes Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2017

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The financial statements of the District have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to governmental units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The District's more significant accounting policies are described below.

Reporting Entity

The District was established on September 21, 2015, pursuant to the Uniform  Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the "Act"), by Ordinance #2015-60 of the Board of County Commissioners of St. Johns County, as a Community Development District. The District  was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of the infrastructure necessary for community development within its jurisdiction. The District is authorized to issue bonds for the purpose, among others, of financing, funding, planning, establishing, acquiring, constructing district roads, landscaping, and other basic infrastructure projects within or outside the boundaries of the Bannon Lakes Community Development District. The District is governed by a Board of Supervisors who are elected to four year and two year terms. The District operates within the criteria established by Chapter 190.

As required by GAAP, these financial statements present the Bannon Lakes Community Development District (the primary government) as a stand-alone government. The reporting entity for the District includes all functions of government in which the District's Board exercises oversight responsibility including, but not limited to, financial interdependency, selection of governing authority, designation of management, significant ability to influence operations and accountability for fiscal matters.

Based upon the application of the above-mentioned criteria as set forth in Governmental Accounting Standards the District has identified no component units.

Measurement Focus and Basis of Accounting

The basic financial statements of the District are composed of the following:

Government-wide financial statements

Fund financial statements

Notes to financial statements

- 16 -

Bannon Lakes Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2017

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Measurement Focus and Basis of Accounting (Continued)

Government-wide Financial Statements

Government-wide financial statements report all non-fiduciary information about the reporting government as a whole. These statements include all the governmental activities of the primary government. The effect of interfund activity has been removed frorn these statements.

Governmental activities are supported by developer contributions.  Program revenues are netted with program expenses in the statement of activities to present the net cost of each program.

Amounts paid to acquire capital assets are capitalized as assets, rather  than reported as an expenditure. Proceeds of long-term debt are recorded as liabilities in the government-wide financial statements, rather than as an other financing source.

Amounts paid to reduce long-term indebtedness of the reporting government are reported as a reduction of the related liability, rather than as an expenditure.

Fund Financial Statements

The underlying accounting system of the District is organized and operated on the basis of separate funds, each of which is considered to be a separate accounting entity. The operations of each fund are accounted for with a separate set of self­ balancing accounts that comprise its assets, liabilities, fund equity, revenues and expenditures or expenses, as appropriate. Governmental resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled.

Fund financial statements for the primary government's governmental funds are presented after the government-wide financial statements. These statements display information about major funds individually.

- 17 -

Bannon Lakes Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2017

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

2. Measurement Focus and Basis of Accounting (Continued)

b. Fund Financial Statements (Continued) Governmental Funds
The District reports fund balance according to Governmental Accounting Standards
Board Statement 54 - Fund Balance Reporting and Governmental Fund Type Definitions. The Statement requires the fund balance for governmental funds to be reported in classifications that comprise a hierarchy based primarily on the extent to which the government is bound to honor constraints on the specific purposes for which amounts in those funds can be spent.

The District has various policies governing the fund balance classifications.

Nonspendable Fund Balance - This classification consists of amounts that cannot be spent because they are either not in spendable form or are legally or contractually required to be maintained intact.

Restricted Fund Balance - This classification includes amounts that can be spent only for specific purposes stipulated by constitution, external resource providers, or through enabling legislation.

Assigned Fund Balance - This classification consists of the Board of Supervisors' intent to be used for specific purposes, but are neither restricted nor committed. The assigned fund balances can also be assigned by the District's management company.

Unassigned Fund Balance - This classification is the residual classification for the government's general fund and includes all spendable amounts not contained in the other classifications. Unassigned fund balance is considered to be utilized first when an expenditure is incurred for purposes for which amounts in any of those unrestricted fund balance classifications could be used.

Fund Balance Spending Hierarchy - For all governmental funds except special revenue funds, when restricted, committed, assigned, and unassigned fund balances are combined in a fund, qualified expenditures are paid first from restricted or committed fund balance, as appropriate, then assigned and finally unassigned fund balances.

- 18 -

Bannon Lakes Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2017

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES {CONTINUED)

Measurement Focus and Basis of Accounting {Continued)

b. Fund Financial Statements {Continued) Governmental Funds {Continued)
Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are considered to be available when they are collected within the current period or soon thereafter to pay liabilities of the current period. For this purpose, the District considers revenues to be available if they are collected within 60 days of the end of the current fiscal period.

Expenditures generally are recorded when a liability is incurred, as under accrual accounting. Interest associated with the current fiscal period is considered to be an accrual item and so has been recognized as revenue of the current fiscal period.

Under the current financial resources measurement focus, only current assets and current liabilities are generally included on the balance sheet. The reported fund balance is considered to be a measure of "available spendable resources".

Governmental fund operating statements present increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in net current assets. Accordingly, they are said to present a summary of sources and  uses of "available spendable resources" during a period.

Because of their spending measurement focus, expenditure recognition for governmental fund types excludes amounts represented by non-current liabilities. Since they do not affect net current assets, such long-term amounts are not recognized as governmental fund type expenditures or fund liabilities.

Amounts expended to acquire capital assets are recorded as expenditures in the year that resources are expended, rather than as fund assets. The proceeds of long­ term debt are recorded as an other financing source rather than as a fund liability.

Debt service expenditures are recorded only when payment is due.

Basis of Presentation

Governmental Major Funds

General Fund - The General Fund is the District's primary operating  fund.  It accounts for all financial resources of the general government, except those required to be accounted for in another fund.

- 19 -

Bannon Lakes Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2017

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Basis of Presentation (Continued)

Governmental Major Funds (Continued)

Series 2016 Debt Service Fund - The Series 2016 Debt Service Fund accounts for debt service requirements to retire the Series 2016 Special Assessment Bonds, which were used to finance the construction of certain improvements within the District.

Series 2016 Capital Projects Fund - The Series 2016 Capital Projects  Fund  accounts for acquisition and construction of infrastructure improvements located within the boundaries of the District.

Non-current Governmental Assets/Liabilities

GASB Statement 34 requires that non-current governmental assets, such as construction in progress, and non-current governmental liabilities, such as general obligation bonds be reported in the governmental activities column in the government-wide Statement of Net Position.

Assets, Liabilities, and Net Position or Equity

Cash and Investments

Florida Statutes require state and local governmental units to deposit monies with financial institutions classified as "Qualified Public Depositories," a multiple financial institution pool whereby groups of securities pledged by the various financial institutions provide common collateral from their deposits of public funds.  This pool is provided as additional insurance to the federal depository insurance and allows for additional assessments against the member institutions, providing full insurance for public deposits.

The District is authorized to invest in those financial instruments as established by Section 218.415, Florida Statutes. The authorized investments consist of:

Direct obligations of the United States Treasury;

The Local Government Surplus Funds Trust or any intergovernmental investment pool authorized pursuant to the Florida lnterlocal Cooperative Act of 1969;

Interest-bearing time deposits or savings accounts in authorized qualified public depositories;

- 20 -

Bannon Lakes Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2017

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Assets, Liabilities, and Net Position or Equity (Continued)

Cash and Investments (Continued)

4. Securities and Exchange Commission, registered money market funds with the highest credit quality rating from a nationally recognized rating agency.

Cash and investments include time deposits, certificates of deposit, money market funds, and all highly liquid debt instruments with original maturities of three months  or less.

Restricted Assets

Certain net position of the District are classified as restricted assets on the Statement of Net Position because their use is limited either by law through constitutional provisions or enabling legislation; or by restrictions imposed externally  by creditors. In a fund with both restricted and unrestricted net position, qualified expenses are considered to be paid first from restricted net position and then from unrestricted net position.

Capital Assets

Capital assets, which include construction in progress, are reported in the governmental activities column.

The District defines capital assets as assets with an initial, individual cost of $5,000 or more and an estimated useful life in excess of one year. The valuation  basis for all assets is historical cost.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend its useful life are not capitalized.

Major outlays for capital assets and improvements are capitalized as projects are constructed.

Unamortized Bond Discounts

Bond discounts associated with the issuance of revenue bonds are amortized according to the straight line method of accounting. For financial reporting, unamortized bond discounts are netted against the applicable long-term debt.

- 21 -

Bannon Lakes Community Development District NOTES TO FINANCIAL STATEMENTS
September  30, 2017

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

4. Assets, Liabilities, and Net Position or Equity (Continued)

Budgets

Budgets are prepared and adopted after public hearings for the governmental funds, pursuant to Chapter 190, Florida Statutes. The District utilizes the same basis of accounting for budgets as it does for revenues and expenditures in its various funds. The legal level of budgetary control is at the fund level. All budgeted appropriations lapse at year end. Formal budgets are adopted for the general and debt service funds. As a result, deficits in the budget columns of the accompanying financial statements may occur.

NOTE	B	-		RECONCILIATION   OF	GOVERNMENT-WIDE	AND	FUND	FINANCIAL STATEMENTS

1. Explanation of Differences Between the Governmental  Fund Balance  Sheet and the Government-wide Statement of Net Position

"Total fund balances" of the District's governmental funds ($1,488,579) differs from "net position" of governmental activities ($(852,508)) reported in the Statement of Net Position. This difference primarily results from the long-term economic focus of the Statement of Net Position versus the current financial resources focus of the governmental fund balance sheet. The effect of the differences is illustrated below:

Capital related items

When capital assets (land, buildings and improvements, infrastructure and equipment that are to be used in governmental activities) are purchased or constructed, the cost of those assets is reported as expenditures in governmental funds. However,  the Statement of Net Position included those capital assets among the assets of the District as a whole.

Construction in progress	$	9 649 986

Long-term debt transactions

Long-term liabilities applicable to the District's governmental activities are not due and payable in the current period and accordingly are not reported as fund liabilities. All liabilities (both current and long-term) are reported in the Statement of Net Position. Balances at September 30, 2017 were:

Bonds payable Bond discount, net
Bonds payable, net

$ (11,850,000)
 	102 729
$ (11 747 271)

- 22 -

Bannon Lakes Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2017

NOTE	B   -		RECONCILIATION   OF	GOVERNMENT-WIDE	AND	FUND	FINANCIAL STATEMENTS (CONTINUED)

Explanation of Differences Between the Governmental Fund Balance  Sheet and the Government-wide Statement of Net Position (Continued)

Accrued interest

Accrued liabilities in the Statement of Net Position differ from the amount reported in governmental funds due to the accrued interest on bonds.

Accrued interest	$	/243 802)

Explanation of Differences Between the Governmental Fund Operating Statements and the Statement of Activities

The "net change in fund balances" for government funds ($(5,770,254)) differs from the "change in net position" for governmental activities ($(57,718)) reported in the Statement of Activities. The differences arise primarily from the long-term economic focus of the Statement of Activities versus the current financial resources focus of the governmental funds. The effect of the differences is illustrated below:

Capital related items

When capital assets that are to be used in governmental activities are purchased or constructed, the resources expended for those assets are reported as expenditures in governmental funds. However,  in the Statement  of Activities, the costs of those assets is allocated over their estimated useful lives and reported as depreciation. As a result, fund balances decrease by the amount of financial resources expended, whereas net position decrease by the amount of depreciation charged for the year.

Capital outlay	$	5 726 605

- 23-

Bannon Lakes Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2017

NOTE	B	-		RECONCILIATION   OF	GOVERNMENT-WIDE	AND	FUND	FINANCIAL STATEMENTS (CONTINUED)

2. Explanation of Differences Between the Governmental Fund Operating Statements and the Statement of Activities (Continued)

Long-term debt transactions

Amortization of the bond discount does not require the use of current financial resources and therefore, is not reported in governmental funds.

Amortization of bond discount	$	(3,415)

Deferred inflows of resources

Deferred inflows of resources reported in the governmental funds are recognized as revenues in the Statement of Activities.

Net change in deferred inflows of resources	$	(10,654)

NOTE C - CASH AND INVESTMENTS

All deposits are held in qualified public depositories and are included on the accompanying balance sheet as cash and investments.
Custodial Credit Risk - Deposits

Custodial credit risk is the risk that in the event of a bank failure, the District's deposits may not be returned to it. The District does not have a formal deposit policy for custodial credit risk, however, they follow the provisions of Chapter 280, Florida Statutes regarding deposits and investments. As of September 30, 2017, the District's bank balance was $237,705 and the carrying value was $228,164. Exposure to custodial credit risk was as follows. The District maintains all deposits in a qualified public depository in accordance with the provisions of Chapter 280, Florida Statutes, which means that all deposits are fully insured by Federal Depositors Insurance or collateralized under Chapter 280, Florida Statutes.

Investments

As of September 30, 2017, the District had the following investments and maturities:

 	Investment	
Money Market Mutual Fund

Maturity Date
N/A

Fair Value
1,263,438

- 24 -

Bannon Lakes Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2017

NOTE C - CASH AND INVESTMENTS (CONTINUED)

Investments (Continued)

The District categorizes its fair value measurements within the fair value hierarchy recently established by generally accepted accounting principles. The fair value is the price that would  be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. The District uses a market approach in measuring fair value that uses prices and other relevant information generated by market transactions involving identical or similar assets, liabilities, or groups of assets and liabilities.

Assets or liabilities are classified into one of three levels. Level 1 is the most reliable and is based on quoted price for identical assets, or liabilities, in an active market. Level 2 uses significant other observable inputs when obtaining quoted prices for identical or similar assets,  or liabilities, in markets that are not active. Level 3 is the least reliable and uses significant unobservable inputs that use the best information available under the circumstances, which includes the District's own data in measuring unobservable inputs.

Based on the criteria in the preceding paragraph, the investments in managed mutual funds are a Level 1 asset.

Interest Rate Risk

The District does not have a formal investment policy that limits investment maturities as a means of managing its exposure to fair value losses arising from increasing interest rates.

Credit Risk

The District has no investment policy that would further limit its investment choices.

Concentration of Credit Risk

The District places no limit on the amount it may invest in any one fund.

The types of deposits and investments and their level of risk exposure as of September  30, 2017 were typical of these items during the fiscal year then ended.

- 25-

Bannon Lakes Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2017

NOTE D - CAPITAL ASSETS

Capital Asset activity for the year ended September 30, 2017 was as follows:

Balance October 1,

Balance September 30,

Governmental activities:
Capital assets, not being depreciated:

 	2016	 	Additions	 	Deletions	 	2017	

Construction in progress	$   3,923,381	$ 5,726,605

NOTE E- LONG-TERM DEBT

Long-term debt is comprised of the following:

=$=====

$ 9,649,986

Special Assessment Bonds

$11,850,000 Series 2016 Bonds are due in annual principal installments beginning November 2019, maturing November 2048. Interest is due semi-annually on May 1 and November 1, beginning May 1, 2016, at variable rates of 4.5% and 5%.

Less: bond discount, net Bonds Payable, Net

$	11,850,000

 	(102,729)

$	11,747271

- 26 -

Bannon Lakes Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2017

NOTE E - LONG-TERM DEBT (Continued)

The annual requirements to amortize the principal and interest of bonded debt outstanding as of September 30, 2017 are as follows:

Year Ending
September 30,	 	Principal	 	Interest	Total	

2018	$	$	585,125	$	585,125	
2019	585,125	585,125	
2020	185,000	580,963	765,963	
2021	190,000	572,525	762,525	
2022	200,000	563,750	763,750	
2023-2027	1,150,000	2,670,750	3,820,750	
2028-2032	1,455,000	2,356,375	3,811,375	
2033-2037	1,855,000	1,945,125	3,800,125	
2038-2042	2,365,000	1,419,375	3,784,375	
2043-2047	3,020,000	750,000	3,770,000	
2048-2049	1 430 000	72250	1 502 250	

Totals	
$	11,850,000	$	12,101,363	
$	23,951,363	

Significant Bond Provisions			
The Series 2016 Bonds are	subject to redemption at the option	of the District prior to their	
maturity, in whole or in part, at any time after November 1, 2028 at a redemption price equal to the principal amount of the Series 2016 Bonds together with accrued interest to the date of redemption.

The Trust Indenture established certain amounts be maintained in a reserve account.  In addition, the Trust Indenture has certain restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures  to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements.

- 27 -

Bannon Lakes Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2017

NOTE E - LONG-TERM DEBT (CONTINUED)

Depository Funds

The bond resolution establishes certain funds and determines the order in which revenues are  to be deposited into these funds. A description of the significant funds, including their purposes, is as follows:

1. Reserve Fund - The 2016 Reserve Account was funded from the proceeds of the Series 2016 Bonds in an amount equal to the maximum annual debt service requirement. Monies held in the reserve account will be used only for the purposes established in the Trust Indenture.

Special Assessment Bonds

Reserve Balance

Reserve Requirement

$	385,750

NOTE F - ECONOMIC DEPENDENCY

$	385,750

The Developers own a significant portion of land within the District. The District's activity is dependent upon the continued involvement of the Developers, the loss of which could have a material adverse effect on the District's operations. At September 30, 2017, all board members are affiliated with the Developers.

NOTE G - RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to and destruction of assets; errors and omissions; and natural disasters for which the government carries commercial insurance. There were no claims or settled claims from these risks have not exceeded commercial insurance coverage.

- 28 -

tt Berger, Toombs, Elam,
-OJ Gaines & Frank
Certified Public Accountants	Pl

600 Citrus Avenue
Suite 200
Fort Pierce, Florida 34950
772/461-6120 // 461-1155
FAX: 772/468-9278

INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

To the Board of Supervisors
Bannon Lakes Community Development District St. Johns County, Florida

We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of Bannon Lakes Community Development District, as of and for the year ended September 30, 2017, and the related notes to the financial statements, and have issued our report thereon dated June 25, 2018.

Internal Control Over Financial Reporting

In planning and performing our audit, we considered Bannon Lakes Community Development District's internal control over financial reporting to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of Bannon Lakes Community Development District's internal control. Accordingly, we do not express an opinion on the effectiveness of Bannon Lakes Community Development District's internal control over financial reporting.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control over financial reporting was for the limited purpose described in the first paragraph of this section and was not designed to identify  all deficiencies

V

/ in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider  to be material weaknesses.   However, material  weaknesses  may exist that have not
been identified.

Member AICPA

Fort P e g/_Stuart
Member AJCPA Division For CPA Firms
Private Companies Practice Section

Member FICPA

t'	Berger, Toombs, Elam,

Co,, Caines & Frank

To the Board of Supervisors
Bannon Lakes Community Development District

Compliance and Other Matters

As part of obtaining reasonable assurance abo.ut whether Bannon Lakes Community Development District's financial statements are free of material misstatement, we pertormed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of this Report

The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity's internal control or on compliance. This report is an integral part of an audit pertormed in accordance with Government Auditing Standards in considering the entity's internal control and compliance. Accordingly, this communication is not suitable for any other
purpose.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants
Fort Pierce, Florida June 25, 2018

- 30 -

rfti Berger, Toombs, Elam,
C.(jl  Gaines & Frank
Certified Public Accountants	Pl

600  Citrus Avenue
Suite 200
Fort Pierce, Florida 34950
772/461-6120 // 461-1155
FAX: 772/468-9278

MANAGEMENT LETTER

To the Board of Supervisors
Bannon Lakes Community Development District St. Johns County, Florida

Report on the Financial Statements

We have audited the financial statements of the Bannon Lakes Community Development District as of and for the year ended September 30, 2017, and have issued our report thereon dated June 25, 2018.
Auditor's Responsibility

We conducted our audit in accordance with auditing standards generally accepted in the United States; the standards applicable to financial audits contained in  Government  Auditing Standards, issued by the Comptroller General of the United States and Chapter 10.550, Rules of the Florida Auditor General.

Other Reporting Requirements

We have issued our Independent Auditor's Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards and our Independent Auditor's Report on an examination conducted in accordance with A/CPA Professionals Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated June 25, 2018, should be considered in conjunction with this Management Letter.

Prior Audit Findings
Section 10.554(1)(i)1., Rules of the Auditor General, requires ttiat we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding financial audit report. The findings or recommendations in the preceding audit were corrected in the preceding audit.

Financial Condition and Management

Section 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, require us to apply appropriate procedures and communicate the results of our determination as to whether or not Bannon Lakes Community Development District has met one or more of the conditions described in Section 218.503(1), Florida Statutes, and to identify the specific conditions met. In connection with our audit, we determined that Bannon Lakes Community Development District did not meet any of the conditions described in Section 218.503(1) Florida Statutes.

Member AICPA

Fort Pierce / Stuart
- 31 -
Meinber AICPA Division For CPA Firms
Private Companies Practice Section

Member FICPA

Cc,,r

ra:t Berger, Toombs, Elam, Gaines & Frank

To the Board of Supervisors
Bannon Lakes Community Development District
Pursuant to Sections 10.554(1)(i)5.c. and 10.556(8), Rules of the Auditor General, we applied financial condition assessment procedures for Bannon Lakes Community Development District. It is management's responsibility to monitor the Bannon Lakes Community Development District's financial condition; our financial condition assessment was based in part on the representations made by management and the review of the financial information provided by the same as of September 30, 2017.
Section 10.554(1)(i)2., Rules of the Auditor General, requires that we communicate any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations.

Annual Financial Report

v	,

Section 10.554(1)(i)5.b. and 10.556(7), Rules of the Auditor General, require us to apply appropriate procedures and communicate the results of our determination as to whether the annual financial report for the Bannon Lakes Community Development District for the fiscal year ended September 30, 2017, filed with the Florida Department of Financial Services pursuant to Section 218.32(1)(a), Florida Statutes, is in agreement with the annual financial audit report for the fiscal year ended September 30, 2911. In connection with our audit, we determined that these two reports were in agreement.

Additional Matters

V

Section 10.554(1)(i)3., Rules of the Auditor General, requires us to communicate noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but warrants the attention of those charged with governance. In connection with our audit, we did not note any such findings.

Purpose of this Letter

Our Management Letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, the Board of Supervisors, and applicable management, and is not intended to be and should not be used by anyone other than these specified parties.
J>J/44(;t Jotm/otv rl(}lf!v
0 X}t)J/Xld '4-· J/la;t)J
Berger, Toombs, Elam, Gaines & Frank
Certified Public Accountants PL Fort Pierce, Florida

June 25, 2018

- 32-

f ti Berger, Toombs, Elam,
,OJ Gaines & Frank
Certified Public Accountants	PL

600 Citrus Avenue
Suite 200
Fort Pierce, Florida 34950
7721461-6120 II 461-1155
FAX: 7721468-9278

INDEPENDENT ACCOUNTANT'S REPORT/COMPLIANCE WITH SECTION 218.415, FLORIDA STATUTES

To the Board of Supervisors
Bannon Lakes Community Development District St. Johns County, Florida

We have examined Bannon Lakes Community Development District's compliance with Section 218.415, Florida Statutes during the year ended September 30, 2017. Management is responsible for Bannon Lakes Community Development District's compliance with those requirements. Our responsibility is to express an opinion on Bannon Lakes Community Development District's compliance based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about Bannon Lakes Community Development District's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on Bannon Lakes Community Development District's compliance with the specified requirements.

In our opinion, Bannon Lakes Community Development District complied, in all material respects, with the aforementioned requirements during the year ended September 30, 2017.
3mJ{fi., Jamk»1 ri();Jx.,
0>!J J 4	JJla4}J
Berger, Toombs, Elam, Gaines & Frank
Certified Public Accountants PL Fort Pierce, Florida

June 25, 2018

Member AICPA

Fort Pierce / Stuart
- 33 -
Member A/CPA Division For CPA Firms
Private Companies Practice S!;!ction

Member FICPA

EIGHTH ORDER OF BUSINESS

RIVERSIDE MANAGEMENT SERVICES, INC.
9655 Florida Mining Boulevard West  -  Building 300 - Suite 305 - Jacksonville, Florida  - 32257

August 3, 2018

Jim Oliver
Bannon Lakes Community Development District 475 West Town Place, Suite 114
World GolfVillage
St. Augustine, Florida 32092

Re:		Part-Time Amenity Management/Staff, Field Operations Management, Pool Maintenance, and Janitorial Services

Dear Jim:

Please consider this proposal for Riverside Management Services, Inc. to provide the following services for the Bannon Lakes Community Development District:

Services

Amenity Staff- Part-Time	Proposed Fee FYZ019	FYZ018
Budget	FYZ018
Fees	
(20 hours per week/Thur.-Fri.-Sat. or	$26,000	$30,900	$0	
at the direction of the Board)				
Field Operations Management	$22,000	$18,600	$18,600	
Janitorial Service (1 time per week)	$7,000	$6,480	$6,480	
Pool Maintenance	$10,926	$8,196	$8,196	
(add one day of service per week annually)				

n-
Rich Whetsel

"Exhibit A"

Part-Time Amenity Manager/Staff

Our proposal is structured to provide part-time Staff on a year-round basis. Staff shall have the responsibilities of overseeing all amenity facilities, issuing access cards and hosting special events. RMS has ability to create a unique and flexible schedule to accommodate the needs of the community and seasonal demands.
Staff will prepare a monthly Manager's Report detailing resident concerns, detailed account of DistricUplanned events, rentals and access card tracking.
Coordinate, organize and promote various community events throughout the year.

Respond to all resident questions and concerns regarding the District in a timely and professional manner.
Maintain a professional relationship with all residents, welcoming and educating new homeowners, issuing access cards, updating resident information, supervising staff members, monitoring facility usage and rentals.
Assist Operations Manager with District contracts related to the Amenity Center Complex, to include pool maintenance, janitorial, communications, cable television, and fitness equipment to ensure they are in compliance with contract specifications.
Inspected and document Amenity Center Complex for lighting, debris removal, pest control, signage and fencing for necessary maintenance.
Inventory cleaning products, paper products, office supplies, first aid supplies and will perform supplemental janitorial duties.
Responsible for updating and maintaining District communications platforms, to include the community website, Smart phone/tablet apps, marquee board, etc.

NINTH ORDER OF BUSINESS

Al.A Document G701T" -	2017
Change Order

PROJECT: (Name and address)
Bannon Lakes Subdivision - Duran Drive Duran Drive, St. Augustine, FL

OWNER: (Name and address)
Bannon Lakes Community Development District
700 Ponte Vedra Lakes Blvd.
Ponte Vedra, FL 32082

CONTRACT INFORMATION:
Contract For:
Date:

ARCHITECT: (Name and address)
England Thims & Miller, Inc.

14775 Old St. Augustine Road Jacksonville, FL 32256

CHANGE ORDER INFORMATION:
Change Order Number: 004
Date: 8/7/18

CONTRACTOR: (Name and address)
Vallencourt Construction Company, Inc,

1701 Blanding Blvd.
Middleburg, FL 32068

THE CONTRACT IS CHANGED AS FOLLOWS:
(Insert a detailed description of the change and, if applicable, attach or reference specific exhibits. Also include agreed upon adjustments
attributable to executed Construction Change Directives.)

The original Contract Sum was	$	4,989,202.21	
The net change by previously authorized Change Orders	$	1,069,774.18	
TI1e Contract Sum prior to this Change Order was	$	6,058,976.39	
The Contract Sum will be increased by this Change Order in the amount of	$ 789,188.07	
The new Contract Sum including this Change Order will be	$	6,848,164.46	
The Contract Time will be increased by Zero (0) days. The new date of Substantial Completion will be		

NOTE: This Change Order does not include adjustments to the Contract Sum or  Guaranteed  Maximum  Price,  or the Contract Time, that have been authorized by Construction Change Directive until the cost and time have been agreed upon  by  both  the Owner and Contractor, in which case a Change Order is executed to supersede the Construction Change Directive.

NOT VALID UNTIL SIGNED BY THE ARCHITECT, CONTRACTOR AND OWNER.

England Thims & Miller, Inc.	
ARCHITECT (Firm name)

Vallencourt Construction Company, Inc,
CONTRACTOR (Firm name)

RREF III-P-EP Bannon Lakes N, LLC
OWNER (Firm name)

  

SIGNATURE	SIGNATURE
 	    Stan Bates Vice President	
PRINTED NAME AND TITLE	PRINTED NAME AND TITLE

SIGNATURE
Arthur Lancaster, Bannon Lakes CDD
PRINTED NAME AND TITLE

 	     Arthur Landcaster, Chairman	

DATE	DATE	DATE

AIA Document G701™ - 2017. Copyright© 1979, 1987, 2000 , 2001 and 2017 by The American Institute of Architects. All rights reserved. WARNING: This
A!Aw Document is protected by U.S. Copyright Law and International Treaties. Unauthorized reproduction or distribution of this AIA® Document, or	1
any portion of it, may result in severe civil and criminal penalties, and will be prosecuted to the maximum extent possible under the law, This document was produced by AIA software at 12:06:33 on 08/08/2018 under Order No, 8419833377 which expires on 11/14/2018, and is not for resa!e.
User Notes:	(3B9ADA37)

Pay Item & Proposal Register VALLENCOURT CONSTRUCTION CO., INC.

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IDivisionCode: 00400 (Surveying)

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vision Cod : 0	0100 (General conditions) .·.		
00100	General Conditions		1.00 Lump Sum	$7,246.10	$7,246.10	
00104	Construction Entrance		1.00 Each	$4,398.45	$4,398.45	
1·-·:_>·./;J-':.<.·'-'•_'	>>;, :>i'·•··\;./i:', ,·,.,	. . ·J,-.-·/_:<· <:.' i\"<_	\. ,,·•:,,:.·,...... ,;,••., /'"	, ...        ,.	?}'	,	.}il:;64'1':5	

Bannon Lakes PUD Phase 1 - Infrastructure & Wendy's SOV

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IDlvisionCpcle: 00500 (As BuHts).

00300	NPDES Permit Compliance	1.00 Lump Sum	$2,524.47	$2,524.47	
00303	Maintain Silt Fence	3,117.00 Linear Feet	$1.10	$3,428.70	

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00400	Surveying	1.00 Lump Sum	$8,977.60	$8,977.60	
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,<'	>	.< ••.. >., ••·	..; ..{•.,•)' Z,J:', ;tI,<	Jc	•.·.· ••; •· •..•·.··.·.ii,;.,..•·...,,;··	..,•.•;\;;\''::C:C'	·••:$8;977:6	

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00500	As Builts	1.00 Lump Sum	$4,488.90	$4,488.90
·····••;tt>,/	'  ...,'•.. ...•.  ,. ·,.· :i··•.?•,;,;',)';,,·.:•··	·· ., .,.·;; cI,i•  >•··'.':  ",    \:	• .	y_·'>	/  $4;'188.90

00601	Silt Fence Type III (Regular)	3,117.00 Linear Feet	$0.99	$3,085.83	
00608	Inlet Protection	8.00 Each	$164.90	$1,319.20	

IDivision Code:_00600 (Erosion Control)

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IDivision Code: 00700 (Maintenance of Traffic)	:

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00700	Maintenance of Traffic	1.00 Lump Sum	$6,925.61	$6,925.61
p:;_;,   ·'''.'';,,,;;,;,    .,,),;;,   '·'":'"'''i'•;,'':>i,;•,..•,.;,:,;·,•··•t•,.•.;;.,·.,....,.  ,;  ,...,•..  ·:-      ·, ":JM25.61
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01000	Pond Excavation	10,903.00 Cubic Yard	$4.31	$46,991.93	
01001	Dewater for Pond	10,903.00 Cubic Yard	$0.61	$6,650.83	

Division  Code: 01000 (Pond Excavi;itior)	./  . .	...  ·.·   •..	.	·.·	·.	;	.

,,   ;,'· .. ;C···;  .:,;,•.	;   ·•· ,.  ·•.>.;·· • ,,.. ,,,,;;;;· .•	,,,  ,	,.	:	:;., ;: ..•",:i ,:..	•$53;612,76
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IDivision  Code: 0110.0 (Earthwork)	,.	.	.	·.·	. ·	.	·.	.	.	.
01108	Site Cut	306.00 Cubic Yard	$2.70	$826.20	
01109	Place & Compact Fill	11,209.00 Cubic Yard	$1.91	$21,409.19	
01118	Final Dressout	8,617.00 Square Yard	$0.37	$3,188.29
01119	Dress Behind Electric Contractor	1.00 Lump Sum	$5,307.21	$5,307.21

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Division. Code: 01200 (Grassing)	.	.	·.	.	.       .      .      ·..   .      i	,•	;	.··.•
01202	Site Seed and Mulch	8,617.00 Square Yard	$0.44	$3,791.48	
01205	Right of Way Sod	462.00 Square Yard	$2.42	$1,118.04	
->> <c/;,::f;'(·--	·--t(( _,-,.-.';·\-	· ··i•.•.•<•·' i
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01300	Subsoil Stabilizatlon	i'.,  >C: .··.,, :  ::>''.,..,.,
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$28,621.38	
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Division  Code: 014p0 (Base)	.·	. . ·  .·· •·	.	.	.	...•    .	.	•' .	

Pay Item & Proposal Register VALLENCOURT CONSTRUCTION CO., INC.
Bannon Lakes PUD Phase 1 - Infrastructure & Wendy's SOV

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01403	8" Umerock	4,063.00 Square Yard	$14.36	$58,344.68

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01503	l" Asphalt Pavement Second Lift	4,063.00 Square Yard	$5.48	$22,265.24	

01505	11/2u Asphalt Pavement First Lift	4,063.00 Square Yard	$8.60	$34,941.80	
01517	Prime Umerock	4,063.00 Square Yard	$0.55	$2,234.65	
01518	Tack Coat	4,063.00 Square Yard	$0.55	$2,234.65	

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rDivision Code: 0J'700 (Striping & Sign )    \	.	.. ·.. . ...	.·•··	.... ·.·	i	··•	·..
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01700	Striping & Signs - Allowance	1.00 Lump Sum	$1,648.95	$1,648.95

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01805	18" City Std. Curb & Gutter	3,117.00 Linear Feet	$13.19	$41,113.23
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02000	Sidewalks	7,350.00 Square Feet		$3.46	$25,431.00 02005	A.D.A. Handicap Ramps		2.00 Each	$329.78		$659.56

02005	A.D.A. Mats
':•i+:..	..... •'.·...	< ,'.
lbivisionCocte:03000.(Storrn Drain)	·.· 03003	Dewater Storm Drain 03026	Curb Inlet 0-6' Deep
03027	Curb Inlet 6-8' Deep
03028	Curb Inlet 8-10' Deep

20.00 Square Feet	$32.98
· ··>·.}• ·.c;·,	.... , -• .·Ji>:.\.•.;.;·•,··•• o,.·<i• ,;, ·.,n;",>/.>·
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1,208.00 Linear Feet		$14.17 3.00 Each	$2,562.31
1.00 Each	$3,109.49
3.00 Each	$3,654.32

$659.60
'\$26)7 0-.lE

$17,117.36
$7,686.93
$3,109.49
$10,962.96

03063	Storm Manhole 8-101  Deep
03064	Storm Manhole 10-12' Deep 03075	Storm Top Adjustments 03076	Storm Inverts
03077	Underdrain Stubs from Inlets
03184	15" RCP 0-6' Deep
03199	24" RCP 6-8' Deep
03200	24" RCP 8-10' Deep
03207	30" RCP 8-10' Deep
03214	36n RCP 8-101  Deep
03215	36" RCP 10-12' Deep
03279	Punch Out Storm Drain

1.00 Each	$4,328.73
1.00 Each	$4,980.87
9.00 Each	$348.22
9.00 Each	$413.52
280.00 Linear Feet	$22.72
98.00 Linear Feet	$62.17
180.00 Linear Feet	$59.79
48.00 Linear Feet	$73.95
181.00 Linear Feet	$93.25
448.00 Linear Feet	$113.01
351.00 Linear Feet	$120.51
1,306.00 Linear Feet	$1.76

$4,328.73
$4,980.87
$3,133.98
$3,721.68
$6,361.60
$6,092.66
$10,762.20
$3,549.60
$16,878.25
$50,628.48
$42,299.01
$2,298.56

03280	TV Storm Drain	1,306.00 Linear Feet	$4.40

$5,746.40
.··.. . $t99,658;'76

jDivlsi n Code:. 04000 (Sanitary Sewer)  . •	..

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04003	Dewater Gravity Sewer	1,339.00 Linear Feet	$15.96	$21,370.44

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Each	; '.1	if i1;1l
$549.65		
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04004	I<	,·.s	:<,S?' 0/:'!fC"'·i. ti,
Drop Bowl Assmbly	••					••
$549.65	
04011	Core Ex. Manhole	1.00	Each	$1,826.74	$1,826.74	
04016	Type A Manhole 8-10' deep	1.00	Each	$4,280.78	$4,280.78	
04018	Type A Manhole 12-14' deep	1.00	Each	$6,191.28	$6,191.28	
04056	Lined Manhole 10-12' deep	2.00	Each	$11,479.53	$22,959.06	
04057	Lined Manhole 12-14' deep	1.00	Each	$12,153.43	$12,153.43	
04058	Lined Manhole 14-16' deep	1.00	Each	$12,741.56	$12,741.56	
04068	Manhole Top Out	7.00	Each	$260.80	$1,825.60	
04069	Pour Inverts	6.00	Each	$238.77	$1,432.62	
04106	10" SDR 26 Sewer Main 14-16' Deep	477.00	Linear Feet	$53.01	$25,285.77	
04113	811  SOR 26 Sewer Main 8-10' Deep	300.00	Linear Feet	$27.01	$8,103.00	
04114	8" SDR 26 Sewer Main 10-12' Deep	436.00	Linear Feet	$34.91	$15,220.76	
04115	8" SDR 26 Sewer Main 12-14' Deep	65.00	Linear Feet	$40.69	$2,644.85	
04116	8" SDR 26 Sewer Main 14-16' Deep	60.00	Linear Feet	$44.54	$2,672.40	
04143	10" &  1211  Boots for Manholes	4.00	Each	$76.45	$305.80	
04143	6" & 8" Standard Boots for Manholes	11.00	Each	$61.16	$672.76	
04144	Punch Out Sewer	1,339.00	LF	$1.76	$2,356.64	
04146	TV Test Sewer Main		1,339.00	Linear Feet	$4.40	$5,891.60	
•.,. ;, ·.•.·· ,,,.·... ,..• ·.,{··••.·•··., <'L·,t.'. ·•	..·'·•   ••• •• • •;...,.. . ·.;,0;'""'••..
.	.·	'	'	>,;,-:<- '.::·•.·-. -<< ,,:_::,_.·,,:s;:\:'?    ,:-.c:-?  :,:.:'  ·•·· Ji1s;4a4:'z•
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				'··•·.	.	.	·.-	..-·_."	
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$3,480.40	
07012	1011  HDPE - Road Crossing		40.00	Linear Feet	$87.01		
07013	10" DR18 PVC Water Main	1,339.00	Linear Feet	$25.57	$34,238.23	
07014	8" DR18 PVC Water Main	180.00	Linear Feet	$20.75	$3,735.00	
07022	10" Joint Restraints	33.00	Each	$200.14	$6,604.62	
07096	1011  Gate Valve	1.00	Each	$1,911.70	$1,911.70	
07097	811  Gate Valve	3.00	Each	$1,249.91	$3,749.73	
07098	611  Gate Valve	2.00	Each	$827.62	$1,655.24	
07101	Sample Point	3.00	Each	$247.29	$741.87	
07104	Valve Box Installation	6.00	Each	$137.36	$824.16	
07105	Flushing Hydrant	3.00	Each	$1,377.53	$4,132.59	
07106	Fire Hydrant	2.00	Each	$2,160.73	$4,321.46	
07125	10 x 8" Tee	2.00	Each	$647.71	$1,295.42	
07126	10 x 611 Tee	2.00	Each	$549.73	$1,099.46	
07152	10" 90 Bend	1.00	Each	$492.40	$492.40	
07159	8" 45 Bend	2.00	Each	$296.47	$592.94	
07170	10" 11.25 Bend	6.00	Each	$459.54	$2,757.24	
07184	10x8" Reducer	4.00	Each	$511.82	$2,047.28	
07194	8" Cap	2.00	Each	$182.35	$364.70	
07218	811  Conflict	2.00	Each	$2,928.60	$5,857.20	
07246	Punch Out for Water Main	1,519.00	Linear Feet	$1.76	$2,673.44	

Pay Item & Proposal Register VALLENCOURT CONSTRUCTION CO., INC.
Bannon Lakes PUD Phase 1 - Infrastructure & Wendy's SOV
1>..•.•.•

I I

Pay Item & Proposal Register VALLENCOURT CONSTRUCTION CO., INC.

07249

Locate Wire Test for Water Main

1,519.00 Linear Feet

Bannon Lakes PUD Phase 1 - Infrastructure & Wendy's SOV

07248	Flushing & BT's for Water Main			
	
1,519.0	
0 Linear Feet	

ELEVENTH ORDER OF BUSINESS

D.

Bannon Lakes Community Development District
9655 Florida Mining Blvd., Bldg. 300, Suite 305, Jacksonville, Florida 32257
Memorandum

Date: To:

From:

Re:

August 15, 2018
Bannon Lakes Board of Supervisors Jim Oliver, Richard Whetsel
Brian Stephens Operations Manager Bannon Lakes COD
Monthly Operations Report

The following is a summary of activities related to the field operations of the Bannon Lakes Community Development District.

Landscape/ Irrigation:
Several irrigation leaks have been repaired.
The fallen Oak Trees behind the Amenity Center have been secured.
New annual flowers have been planted.

Amenity/ Site:
Cleaning of the pools and club facilities has been done on the weekly schedule.
A lighting check is being done monthly for all the District Lighting.
A clock was installed in the fitness room.
The loose tennis wind screens have been re-secured.
The paint on the playground bench has been touched up.
Freedom Pest Control has been contacted to begin quarterly pest control services.
A surge protector has been installed on the pool pump for added protection.
Carlton Construction has completed the warranty repair items.
The social Room AC has been repaired.

Ponds:
I.	Lake Doctors is doing a good job maintaining the lakes.

Other Projects:
None at this time.

Should you have any questions or comments regarding the above information, please feel free to contact me at (904) 627-9271 or Rich at (904) 759-8923.

THIRTEENTH ORDER OF BUSINESS

A.

Eannon Lakes
Community 1Jeve[oyment 1Jistrict
lnaudited:Jinancia{ Statements as of
Ju{y 31,  2018

'.Bannon Lakes
Community 1Jevew_pment 1Jistrict Comninea'.Balance Slieet
	Ju{y 31,

(genera{	2018

1Je6t Service	

Cayita{ Project		

:Memoranaum
Only	
.'Assets:						
Casli	
$368,866				
$368,866	
Investments:						
'.Reserve		$385,750			$385,750	
CayitaCizeaInterest		$292,562			$292,562	
Construction					$0	
COI					$0	
1Jue :from 1Jevdoyer	$6,049				$6,049	
1Jue :from Otlier					$0	
Custoay					$0	
Preyaia'.Exyenses	$1,000				$1,000	
'UtiCities 1Jeyosit					$0	
Tota{.'Assets	$375,915	$678,312		$0	$1,054,228	

LiaGiCities:						
Accounts PayaG{e	$7,860				$7,860	
AccruecC'Exyenses					$0	
'.Due to Otlier					$0	
'.Due to (genera{:Juna					$0	
Contracts PayaG{e						
'.Retainage PayaG{e					$0	
:runt£'.Balances:						
'.Restricteafor '.DeGt Service		$678,312			$678,312	
'.Restrictea for Cayita{ Projects				$0	$0	
:NonsyenaaG{e	$1,000				$1,000	
'UnassignecC	$367,055				$367,055	
Tota{ LiaGiCities & ]"una'.Equity	$375,915	$678,312		$0	$1,054,228	

Page 1

annon Lakes
Communit:Jt '.Develqpment '.District
fj'ENER:AL yu:N'D
Statement of '.Revenues & 'Exyerufitures
]'or 'I1ie Period:'Endlng Ju{y 31, 2018

.Jtaoytea	'Proratet£	.Jtctua(

'RXV'E:N'U'ES:		
Assessment - Tax RiJ((	$232,804	$183,789	$183,789	$0	
5lssessment 'Direct	$206,379	$270,712	$270,712	$0	
'Deve(oyer Contri6utions	$151,247	$6,049	$6,049	$0	

'Buaget	 '11iru 7/31/18  '11iru 7/31/18	'Variance	

Tota('.R£venues	$590,430 	$460,550	$460,550	$0 I
'EXP'ENDITU1l:ES;

Suyervisors	$4,000	$2,000	$0	$2,000	
]'IC.Jt 'Exyense	$306	$153	$0	$153	
'Engineering	$4,000	$1,000	$1,254	($254)	
Attorney ]'ees	$20,000	$11,667	$11,896	($229)	
'JJissemination	$3,500	$2,917	$2,917	($0)	
.Jtnnua(.Jtuait	$4,200	$2,325	$2,325	$0	
.Jtrfiitrage	$600	$0	$600	($600)	
Assessment RiJ((	$5,000	$5,000	$5,000	$0	
Trustee ]'ees	$10,000	$3,333	$3,000	$333	
:Management ]'ees	$45,000	$37,500	$37,500	$0	
Information TeclinoCogy	$1,600	$1,333	$1,333	$0	
Te{eylione	$200	$167	$72	$94	
Postage	$500	$417	$188	$229	
Insurance	$5,500	$5,500	$5,500	$0	
Printing aruf'Bindlng	$3,000	$1,000	$823	$177	
Lega( .Jtavertising	$3,000	$1,000	$627	$373	
Otlier Current Charges	$700	$583	$400	$183	
Office Suyyfies	$400	$333	$114	$220	
'Dues, Licenses & Su6scrY,tions	$175	$175	$175	$0	

Tota( .Jtaministrative	$111,681 	$76,403	$73,723	$2,680 1

.Jtmeni/;¥_ Center		
Insurance
'Utifities	$10,273	$10,273	$13,233	($2,960)	
Te{eylione	$4,000	$0	$0	$0	
'E(ectric	$32,500	$18,958	$17,519	$1,439	
Water/Irrigation	$10,000	$5,000	$5,624	($624)	
Ca6{e	$0	$0	$3,215	($3,215)	
'.Refuse	$2,500	$2,083	$1,632	$451	
Security					
Security :Monitoring	$600	$0	$0	$0	
5lccess Caras	$500	$0	$650	($650)	
Management Contracts					
]'acifity :Management	$30,900	$0	$0	$0	
Poo{.Jtttenaants	$24,000	$0	$0	$0	

Page 2

'.Bannon Lalies
Community_ VeveU!_vment Vistru:t
<;j'E:N'E1UI£ yLJ.:N'D
Statement of 'Revenues & 'Exyenaitures
]'or '.11ie 'Perioa'Ending Ju{y 31, 2018

.Jlaoytea	'Prorate,£	.Jlctua{
 	'Buaget	'.11iru 7/31/18	'.11iru 7/31/18	'Variance	

Continued' Jvf.anagement Contacts
]'ie/a.'.Mgmt/ .Jlamin	$18,600	$15,500	$15,500	$0	
'Poo( Jvf.aintenance	$8,196	$6,830	$6,830	$0	
'Foo{ CliemicaCs	$10,000	$1,667	$2,577	($910)	
Janitoria{	$6,480	$5,400	$5,400	$0	
Janitoria{ Suyfies	$3,450	$0	$0	$0	
]'acifity .'.Maintenance	$7,500	$6,250	$5,833	$417	
'R.eyairs & Jvf.aintenance	$5,000	$0	$0	$0	
Maintenance 'R.eserves	$0	$0	$0	$0	
:New Cayita{'Projects	$0	$0	$0	$0	
Syecia{'Events	$3,000	$0	$0	$0	
Jfo{iaay 1Jecorations	$1,500	$0	$0	$0	
]'itness Center 'Reyairs/Suyyfies	$900	$0	$0	$0	
Office Suyy{ies	$250	$0	$0	$0	
.JlSC.Jl'P/'B.'.MI Licenses	$500	$0	$0	$0	

.Jlmenity  Center 'Exyenditures	I 	$180,649	$71,961	$78,013	($6,051)1
Ground':Maintenance T'f_pendttures

Jfyarofogy Quafity/.'.Mitigation	$3,600	$0	$0	$0	
Lanascaye .'.Maintenance	$135,000	$129,375	$132,372	($2,997)	
Lanascaye Contingency	$20,000	$6,667	$5,187	$1,480	
Lalie :.Maintenance	$7,500	$5,625	$4,650	$975	
round' Jvlaintenance	$12,000	$0	$0	$0	
'Fumy 'Reyairs	$2,500	$0	$0	$0	
Street{ig/it 'Reyairs	$5,000	$0	$0	$0	
Irrigation 'Reyairs	$7,500	$1,875	$2,138	($263)	
Jvlisce{[aneous	$5,000	$1,250	$1,056	$194	
'Rec{aim 'Water	$100,000	$20,833	$19,701	$1,132	
'Tota( <;jrlYllna.'.Maintenance'Exyendltures i	$298,100	$165,625	$165,104	$5211

'TO'T.JlL 'EX'P'E:NS'ES	 	$590,430	$313,989	$316,840	($2,851)1

'EXC'ESS 1li!V'E:NU'ES ('EX'P'E3'/'Dl'I'U.'R:ES)			$0	$143,710	
					
]"U3'/'D 'B.JlL.Jl:NC'E - 'Beginning			$0	$224,345	

I
yLJ.:N'D 'B.Jl.£..Jl:NC'E - 'Ending	 	$0	$368,055	

Page 3

'Bannon Lakes
Cummunity 1Jevefoyment 1Jistrict
(genera[ ]'una
.'M.ontfi 'By .'M.ontfi Income Statement
J'isca{ljear 2018

'.Revenues:

   Octo6er	:NovemEer  'Decem6er	January	:JeGruary	:.Mardi	.'A.priC	:May	June	Ju[y	'iota[
$101,343	$11,639	$64,810	$0	$0	$117	$891	$6	$183,789

.'Assessments - 'Tax 'R.,o[[	$0	$4,984
.'Assessments - 'Direct	$34,681	$18,675	$10,583	$51,281	$0	$0	$6,848	$64,032	$62,589	$22,023	$270,712
'De-vefoyer Contri6utions	$0	$0	$0	$0	$0	$4,866	$0	$1,183	$0	$0	$6,049

'Jota[1<evenues	I	$ 1_ 681	 23,659	_1!1_925	$62,920	$64,810	$4,866	$6,848	$65,332	$63,481	$2]:_,_029	$460,550
'Eqpendltures:

.'Alfministrati-ve
Suyervisors	$0	$0	$0	$0

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

J'IC:A.'Exyense	$0	$0	$0	$0	$0	$0	$0	$0
'Engineering	$0	$0	$1,074	$0	$0	$0	$0	$0	$180	$0	$1,254
.'Attorney  j'ees	$1,956	$1,198	$687	$5,235	$1,026	$663	$718	$414	$0	$0	$11,896
'Dissemination	$292	$292	$292	$292	$292	$292	$292	$292	$292	$292	$2,917
..'A.nnua[ .'.A:udit	$0	$0	$0	$0	$0	$0	$0	$0	$2,325	$0	$2,325
..'A.r6itrage	$0	$0	$0	$0	$0	$0	$600	$0	$0	$0	$600
.'Assessment 'R£J{[	$5,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$5,000
'Jrustee :fees	$0	$0	$0	$3,000	$0	$0	$0	$0	$0	$0	$3,000
.J.1.anagement :fees	$3,750	$3,750	$3,750	$3,750	$3,750	$3,750	$3,750	$3,750	$3,750	$3,750	$37,500
Comyuter 'Time	$133	$133	$133	$133	$133	$133	$133	$133	$133	$133	$1,333
'Je(e.yfione	$28	$8	$0	$7	$0	$7	$10	$0	$12	$0	$72
Postage	$29	$28	$28	$3	$0	$0	$18	$0	$80	$3	$188
Insurance	$5,500			$0		$0		$0		$0		$0		$0		$0		$0		$0	$5,500 Printing  ant£'Binding			$96	$110	$175		$3	$127	$80	$27	$72		$0	$133		$823 LegaC.AcCvertising		$158		$81		$0	$83		$0	$76	$76	$76	$76		$0           $627 Otlier Current Cfiarges                                        $37                       $40                 $38                        $35                       $41                        $43                       $40                       $40                        $40                       $45                     $400     Office SuyyCies                                                       $15                       $15                  $16                          $0                       $15                        $21                         $1                       $15                        $15                         $0                     $114 1Jues, Licenses & Subscriytions                                  $175                          $0                    $0                          $0                          $0                          $0                          $0                          $0                          $0                          $0                   $175
'Tota[ .'Adininistrati-ve	$17,169	$5,657	$6,192	$12,540	$5,384	$5,065	664	792	$6,904	$4,356	$73,723

.'Amenity Center
Insurance	$13,233

$0	$0	$0	$0	$0	$0	$0	$0	$0	$13,233
$0	$0	$0	$0	$0	$0

'Ie[eyfione	$0	$0	$0	$0	$0
'E[ectric	$2,328	$3,290	$0	$2,776	$1,579	$324	$1,658	$818	$1,591	$3,156	$17,519
'Water/Irrigation	$366	$474	$621	$444	$557	$497	$822	$822	$637	$385	$5,624
Cab[e	$0	$0	$0	$0	$704	$686	$645	$401	$391	$390	$3,215
Gas	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Refuse	$161	$160	$162	$162	$162	$164	$165	$165.47	$163	$166	$1,632
Security .J.1.onitoring	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
..'Access Cards	$0	$0	$0	$0	$0	$0	$0	$0	$650	$0	$650 Jacifity .J.1.anagement	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0		$0 PooC.Jlttendants	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0 $0 J'iela.J.1.gmt/ ..'A.d"min                                       $1,550                 $1,550           $1,550                 $1,550                 $1,550                 $1,550                 $1,550                 $1,550                 $1,550                 $1,550             $15,500
Pao[.J.1.aintenance	$683	$683	$683	$683	$683	$683	$683	$683	$683	$683	$6,830
Pao[ CfiemicaCs	$0	$938	$0	$729 Page 4	$10	$0	$0	$900	$0	$0	$2,577
Janitoria[	$540	$540	$540	$540	$540	$540	$540	$540	$540	$540	$5,400

'.Bannon Lakes
Community 1Je:vewym,:nt 1Jistrict
(]eneraCJ'Und'
J\1.ontli 'By 2v1.antli Incame Statement
J'isca[year 2018

Octo6er	NOY ember   'Decem.6er	Janua	]'efu-ua'::)!,	Jvtarcli	.Jlpri(	.JviaY.,	June	Ju[Y..	'lota[
:faciCity :Maintenance	$534	$692	$431	$1,039	$902	$377	$646	$809	$403	$0	$5,833
'Reyairs & :Maintenance	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
:Maintenance 'Reserves	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0 New  Cayita['Projects	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0 Syecia[Xvents	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0                        $0

.'Ameni[ll Centa Continued'
Jfo{i.t:[ay 1Jecorations	$0	$0

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

Jitness Center R.eyairs/Suyyfies	$0	$0	$0	$0	$0	$0
Office SuypCies	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
.JtSC.'AP/'B:MI Licenses	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
'Jota{.'Amenity  Center	I	$19,395	$8,327	$3,987	$7,923	§_,686	$4,821	$6,708	$6,687	-  608	$6,871	$78,013

!i_rouncC Maintenance 'E?I.)2.enditures
2fyr£roCogy Quali.ty/Mitigation	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Landscaye  :Maintenance	$19,736	$20,671	$11,071	$13,271	$11,071	$11,863	$11,071	$11,071	$11,227	$11,321	$132,372
Lawfscaye Contingency	$5,187		$0		$0		$0		$0		$0		$0		$0		$0		$0	$5,187 Lafie 2vl.aintenance		$465	$465	$465	$465	$465	$465	$465	$465	$465	$465	$4,650 (irounc[:Maintenance			$0		$0		$0		$0		$0		$0		$0		$0		$0		$0            $0 Pumy 'Reyairs                                          $0                     $0                 $0                       $0                      $0                       $0                       $0                       $0                       $0                      $0                       $0  Street{iglit 'Reyairs                                  $0                      $0                 $0                       $0                      $0                       $0                       $0                       $0                       $0                       $0                       $0 Irrigatian 'Reyairs                                                 $450                     $71              $142                   $623                   $124                   $332                       $0                   $216                   $182                       $0             $2,138
.Jvtisceffaneous	$0	$0	$0	$0	$0	$0	$1,056	$0	$0	$0	$1,056
'Recfuim 'Water	$2,062	$2,702	$2,096	$1,667	$762	$2,605	$4,134	$0	$2,325	$1,348	$19,701
'lota{§rouncf .'M.aintenance'Exyendltu	$27,900	$23,908	$13,774	$16,026	$12,422	$15,264	$16,726	$ll,752	$14,199	$13,134	$165,104

'I'ota('Exyenses	$64,464	$37,891	$23,953	$36,489	$24,492	$25,150	$29,099	$23,231	$27,710	$24,361	$316,840

---	---

'Ex_cess :R.evenues ('Exye:YUUtures)	I	c129,783l	c114,232)	$8?.!.972	$26,430	$40,319       

($20,283)  

($22,251)	$42,101	$35,771	 	($2,332)	$143,710

Page S

'.Bannon Lakes Community 1Jevewyment 1Jistrict
:fundl:ng 'Requests

		Cliecli,	
Cliecli,
.JI.mount 1Jevefoper	'Requestea
:furu£i,'Yl{J
.JI.mount
J1j 2018	
'.Balance 1Juefrom
1Jevefoper	
:furu£i:ng 'Request
 	#		1Jate
of
'Request		1Jate
'Receivea 1Jevefoper				

15	3/8/17	$497.50	$497.50	
16	4/5/18	$4,368.78	$4,368.78	
17	5/3/18	$1,182.88	$1,182.88	
TOTAL	$0.00	$6,049.16	$6,049.161	

Page 6

annon Lakes
Community Vevefoyment Vistrict
D'E 'lS'ER'YIC'Eyu:N'D
Statement of venues & 'Exyenditures
:for I'fie Terioa'Ending Ju{y 31, 2018

"Variance

Troratea I'firu 7/31/18

.Jtyyrovec[ w£get

RT'Y'EN'll'ES:

Interest Income	$50	$0	$0	$0
Syecia{ :Assessments	$0	$0	$0	$0
'107'.'AL  RT'Y'EN'll'ES	I	 	$50	$0	$0		$0 !

'EXT'E:N'DI'l'UR'ES:		
Series 2016		
Interest 'Exyense - 11/01	$292,563	$292,563	$292,563	$0	
Interest 'Exyense - 05/01	$292,563	$292,563	$292,563	$0	
Trincipa{'Exyense - 05/01	$0	$0	$0	$0	
'10'1.'AL 'EXT'E:N'DI'.l'U.R'ES	I	 	$585,126	$585,125	$585,125		$0 !

O'I'J-{'ER SO'URC'ES/('US'ES)		
InterfanaI'ransfer In/(Out)	$0	$0	$0	$0	
one[ Troceeds	$0	$0	$0	$0	
'10'1.'AL O'I'J-{'ER SO'URC'ES .Jl:N'D 'US'ES	I	 	$0	$0	$0		$0 !

'EXC'ESS RT'Y'E:N'U'ES ('EXT'E:N'DII''UR'ES)			I	($585,076)	($585,125)	
							
TU:N'D .'AL:ANC'E - eginning			
$1,462,812		
$1,263,437		
:f'U:N'D .'AL:ANC'E - 'Ending			$877,736		$678,312		

Page 7

annon Lakes
Community 1Jevewyment 1Jistrict
C.JI.PI'.T.JI.£  P'RDJ'EC'.TS yu:N'D
Statement of '.Revenues & 'Exyendltures

I

:for Tfie Peria£'Endlng Ju[y 31, 2018

Series

2016

'Devefoyer Contribution Interest Income

'EXP'EJ\/'IJI'.T'U'R'ES:

$0
$0
I	$0 I

Cayita[ Out[ay	$0
Cost of Issuance	$0
'.TOT.JI.£ 'EXP'EJV'IJI'.T'U'R'ES	I
O'.TJ-f'E'R SO'll'RC'ES/('US'ES)

'Bon£ Proceerfs Interjunrf'Transfer In (Out)

'.TOT.JI.£ O'TJ-f'E'R SO'U'RC'ES/('US'ES)

'EXC'ESS 'R'EV'E:N'U'ES ('EXP'EJ\/'IJI'T'U'R'ES)

:f''UJ\/'IJ 'B.Jl.L.JI.NC'E - 'Beginning

:f''UJ\/'IJ 'B.Jl.L.JlNC'E - 'Endlng

$0
$0
I	$0 I
I	$0 I

I
I	$0 I

Page 8

'.Bannon Lakes
Community Vevefuyment Vi.strict Lonn 'Term Ve6t 'Reyort

$11,850,000
$0

Bonds outstanding - 1/31/2016
Less: May 1, 2016

4.5%-5.0%
11/1/48
50% of Max Annual Debt Service
$385,750.00
$385,750.00

Series 2016 Special Assessment Bonds

Interest Rate: Maturity Date:
Reserve Fund Definition:
Reserve Fund Requirement: Reserve Balance:

ICurrent Bonds Outstanding	$11,s50,ooo 1

Page 10

B.

'.Bannon Lakes Community 1Jevefuyrrumt 1Jistrkt
475'West '.Lown Place, Suite 114
St • .:Jlugustine, :FL 32092
:FJ/18 .'Assessment 'Receij,ts

ASSESSED TO	

# Units	SERIES 2016 DEBT SERVICE
ASMNT	
FY18
O&M
ASMNT	

TOTAL
ASMTS	
RREF 111-P-EP ARAGON INVESTMENTS LLC (ACRES)
RREF 111-P-EP CYPRESS PARK FARMS LLC {ACRES)	65.78
68.86	.
-
.	29,657.42
31,046.07	29,657.42
31,046.07	
SUBTOTAL ADMIN O&M					
RREF 111-P-EP BANNON LAKES JV LLC	61		50,630.00	50,630.00	
AVH NORTH FLORIDA, LLC
KB HOME JACKSONVILLE, LLC	51
90	-	42,330.00
74,700.00	42,330.00
74,700.00	
PULTE HOME CORPORATION	33	-	27,390.00	27 390.00	
					
SUBTOTAL SERIES 2016 LOTS	235		195,050.00	195,050.00
-	
TAX ROLL ASSESSED	221	.	183,430.00	183,430.00	
TOTAL ASSESSED	591	.	439.183.49	439,183.49	

DUE I RECEIVED	

BALANCE
DUE	SERIES 2016 DEBT SERVICE
RECEIVED	
FY17
O&M
RECEIVED	
TOTAL
RECEIVED	
RREF 111-P-EP ARAGON INVESTMENTS LLC (ACRES) RREF 111-P-EP CYPRESS PARK FARMS LLC (ACRES) SUBTOTAL ADMIN O&M
RREF HI-P-EP BANNON LAKES JV LLC AVH NORTH FLORIDA, LLC
KB HOME JACKSONVILLE, LLC PULTE HOME CORPORATION SUBTOTAL SERIES 2016 LOTS

TAX ROLL RECEIPTS

TOTAL RECEIPTS/ DUE	14,828.70	14,828.72	14,828.72
15,523.03	15,523.04	15,523.04	
	30,351.73	-	30,351.76	30,351.76
12,657.50	37,972.50	37,972.50
21,165.00	-	21,165.00	21,165.00
37,350.00	-	37,350.00	37,350.00
6,847.50	20,542.50	20,542.50	
	78,020.00	.	117,030.00	117,030.00
537.51	-	182,892.49	182,892.49	
	108,909.24	330 274.25	330 274.25	
NO LOTS PLATTED IN TIME TO BE PLACED ON 2018 PROPERTY TAX BILLS. ASSESSMENTS INVOICED DIRECTLY WITH PAYMENTS DUE IN INSTALLMENTS OF 25% DUE 10115116, 111117, 411117, 711117
THERE IS AN ADDITIONAL $151,246.51 DUE FOR DEVELOPER CONTRIBUTION

SERIES 2016 BONDS ISSUED ON 456 UNITS, UNDER CAPITALIZED INTEREST UNTIL 1111118-ASMTS START FY19

DISTRIBUTION	

DATE	

SERIES 2016
DEBT SERVICE RECEIVED	

O&M
RECEIVED	

TOTAL RECEIVED	
1	11/06/17			
2	11/15/17	1,661.35	1,661.35	
3	11/28/17	3,322.71	3,322.71	
4	12/11/17			
5	12/27/17	101,342.64	101,342.64	
INTEREST	01/04/18	9.25	9.25	
6	1/24/18	11,629.48	11,629.48	
7	2124/18	64,810.14	64,810.14	
8	3/13/18			
9	4/18/18			
INTEREST	4/30/18	116.62	116.62	
TAX CERTIFICATES	6/11/18	891.25	891.25	
10	6/18/18			
INTEREST	7/10/18	5.60	5.60	

TOTALT AX ROLL RECEIPTS		
183,789.04	
183,789.04	

TAX ROLL RECEIPTS	

PERCENT COLLECTED DIRECT	0%	57.63%	57.63%	
PERCENT COLLECTED TAX ROLL	0%	99.71%	99.71%	
PERCENT COLLECTED	0%	75.20%	75.20%	

Page 9

C.

'Bannon .£.alies
Community 'Devefuyme.nt 'District

Cfiecli 'Run Summary

.Jlugust 15, 2018

!Date	Cfiecli :Num6ers	.Jlmaunt

(jienera[ ]"und

6/7/18	268-276	$ 17,356.64	
6/14/18	277	$	2,773.00	
6/21/18	278-279	$	1,526.22	
6/28/18	280-281	$	726.29	
7/5/18	282-287	$ 13,060.94	
7/12/18	288-290	$	9,409.05	
7/19/18	291-294	$	696.19	
	Tota[Cfi.ecks	$ 45,548.33	

6/8/18	JTL	
$	1,590.99	
6/20/18	St.Joli.ns County 'Utifity	$	2,962.31	
6/27/18	AT&T	$	390.52	
7/16/18	St. Joli.ns County 'Utifity	$	1,733.34	
7/18/18	AT&T	$	390.52	
7/20/18	JTL	$	3,155.72	
	Tota[Tau['.Efectronica{[y	$ 10,223.40	
	Tota[ fjenera[ Jund	$	55,771.731	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/08/18
***  CHECK DATES 06/01/2018 - 07/31/2018 ***	BANNON LAKES - GENERAL FUND
BANK A BANNON LAKES-GENERAL

PAGE	1

CHECK	VEND#	,....INVOICE,.......EXPENSED TO...	VENDOR NAME
DATE	DATE	INVOICE	YRMO  DPT ACCT# SUB	SUBCLASS

STATUS

AMOUNT

•••.CHECK•.•.. AMOUNT	#

6/07/18 00003

6/01/1838	201806 310-51300-34000
JUN MANAGEMENT FEES
6/01/1838	201806 310-51300-35100
JUN INFORMATION TECH 6/01/1838	201806 310-51300-31600
JUN DISSEMINATION FEES
6/01/1838	201806 310-51300-51000
OFFICE SUPPLIES
6/01/1838	201806 310-51300-42000
POSTAGE
6/01/1838	201806 310-51300-41000

*	3,750.00
*	133.33
*	291.67
*	15.15
*	2.35
*	12.14

TELEPHONE

GOVERNMENTAL MANAGEMENT SRVCS LLC

4,204.64 000268

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

38.50

6/07/18 00013	5/31/18 6370	201805 330-53800-46400	*

IRRIGATION REPAIRS
- - - - - - - - - - - - - - - - - - - - - - -

-L-AND-CA-RE- -GR-OUP-,-I-NC,- -  -  -  -  - -  -  -  -

177.50

38.50 000269

6/07/18 00013

6/07/18 00013

6/07/18 00013

6/07/18 00013

5/31/18 6371	201805 330-53800-46400	*
IRRIGATION REPAIRS
LANDCARE GROUP, INC,
6/01/18 6330	201806 330-53800-46200	*
JUN LANDSCAPE MAINT-AMEN
-  -  - -  -  -  - -  -  -  -  -LA-ND-CA-RE- G-RO-UP-,-I-NC,-  -  -  - -  -  -  - -  -
6/01/18 6331	201806 330-53800-46200	*
JUN LANDSCAPE MAINT-LAKES
LANDCARE GROUP, INC.
6/05/18 6377	201806 330-53800-46200	*
REPLACE DAMAGED PLANTS
LANDCARE GROUP, INC.

5,395.89

5,675.05

156.00

177.50 000270

5,395.89 000271

5,675.05 000272

156.00 000273

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

900.00

6/07/18 00019

5/08/18 13129557 201805 320-57200-45210
POOL CHEMICALS
POOLSURE

*
900.00 000274

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

163.01

6/07/18 00018

6/07/18 00014

5/16/18 68700089 201806 320-57200-45800
JUNE REFUSE
REPUBLIC SERVICES #687
5/18/1826	201804 320-57200-45100
APR FACILITY MAINTENANCE
5/18/1826	201804 320-57200-45100

*

*	530.35
*	115.70

163.01 000275

MAINTENANCE SUPPLIES
-  - - - -  -  -  - -  -  -  -  - -  -  -  -  -  -  -  -  -  -  -	RIVE-RS-ID-E- M-ANA-GM-EN-T-S-ERV-IC-ES-,- I-NC-  -  -  -  -  -  -  -  -
BANL -BANNON LAKES- BSANCHEZ

646.05 000276

-

- - -  -  -  - - - -	-

***

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/08/18
***   CHECK DATES 06/01/2018 - 07/31/2018	BANNON LAKES - GENERAL FUND
BANK A BANNON LAKES-GENERAL

PAGE	2

CHECK	VEND# •....INVOICE•••.•.•.EXPENSED TO...		VENDOR NAME DATE		DATE	INVOICE	YRMO  DPT ACCT# SUB	SUBCLASS

STATUS	AMOUNT	• • • . CHECK •.•••
AMOUNT	#

6/14/18 00014

6/01/18
6/01/18
6/01/18

27
JUN 27
JUN 27

201806 320-57200-45300
JANITORIAL SERVICES
201806 320-57200-45200
POOL MAINTENANCE
201806 320-57200-46001

*	540.00
*	683.00
*	1,550,00

-

JUN OPERATIONS MANAGEMENT

RIVERSIDE MANAGMENT SERVICES, INC

- - -  -  -  - -  - - -  -2,-773-.00-

000277

6/21/18 00005

6/21/18 00014

5/31/18 100732	201804 310-51300-31500
APR GENERAL COUNSEL
HOPPING GREEN & SAMS
6/18/1828	201805 320-57200-45100
MAY FACILITY MAINTENANCE
6/18/1828	201805 320-57200-45100
MAINTENANCE SUPPLIES

*	717.58
-  -  -  -  -  -  -  -  -  -  -  -71-7.-58-
*	414.08
*	394.56

000278

6/28/18 00020

RIVERSIDE MANAGMENT SERVICES, INC
6/12/18 18-24840 201806 320-57200-46110
ACCESS CARDS 23851-23950

-  -  -  -  -  -  -  - - -  -  -80-8.-6-4 000279
*	650.00

6/28/18 00002

SECURITY ENGINEERING
5/08/18 I0304121 201805 310-51300-48000 NOTICE OF MEETING 5/16/18

-  -  -  -  -  - - -  -  -  -  -65-0.-00-
*	76.29

000280

7/05/18 00004

THE ST AUGUSTINE RECORD
6/26/18 62264482 201806 310-51300-42000
JUNE FEDEX POSTAGE

- - - - - - - - - -
*	53.08

76.29 000281

7/05/18	00017	

7/05/18	
00013	

7/05/18	
00013	

7/05/18	
00018	

- - -  -  -  - -  -  -  - -  -  -  -  -  -  -  -FE-DEX
7/01/18 373493	201807 330-53800-46800
JUL LAKE MAINTENANCE
-  -  - - -  -  -  -  -  -  -  -  -  -  -  -  -  -LA-KE DOCTORS, INC.
7/01/18 6735	201807 330-53800-46200
JUL LANDSCAPE MAINT-AMEN

GROUP,	INC.	5,395.89	000284	

GROUP,	
INC.	*	5,925.05
5,925.05	
000285	

-  -  -  -  -  -  - - -  -  -  - -  -  -  -  -  -L-ANDCARE
7/01/18 6736	201807 330-53800-46200
JUL LANDSCAPE MAINT-LAKES

-  -  -  -  - - -  -  -  - - -  -53-.0-8 000282
*	465.00
465.00 000283
*	5,395.89

LANDCARE
6/16/18 687-9038 201807 320-57200-45800
JULY REFUSE

*	166.29

REPUBLIC SERVICES #687	166.29 000286

BANL -BANNON LAKES- BSANCHEZ

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/08/18
***  CHECK DATES 06/01/2018 - 07/31/2018 ***	BANNON LAKES - GENERAL FUND
BANK A BANNON LAKES-GENERAL

PAGE	3

CHECK	VEND# ..•••INVOICE•••.•...EXPENSED TO...	VENDOR NAME
DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS

STATUS

AMOUNT	CHECK..•••
AMOUNT	#

7/05/18 00014

4/26/1825	201804 330-53800-46300
EMERGENCY STAFFING
4/26/1825	201804 330-53800-46300

*	1,000.00
*	55.63

RECREATION

RIVERSIDE MANAGMENT SERVICES, INC

- - -

1,055.63 000287

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - -

7/12/18 00016

6/30/18 2116644	201806 310-51300-32200

*	2,325.00

FYE 9/30/17 AUDIT

BERGER,TOOMBS,ELAM,GAINES & FRANK

-  - -  -  -  -  -  - -  -  -2-,32-5-.00-

000288

7/12/18 00003

7/02/1839	201807 310-51300-34000
JUL MANAGEMENT FEES
7/02/1839	201807 310-51300-35100
JUL INFORMATION TECH
7/02/1839	201807 310-51300-31600
JUL DISSEMINATION FEES
7/02/1839	201807 310-51300-51000
OFFICE SUPPLIES
7/02/1839	201807 310-51300-42000
POSTAGE
7/02/1839	201807 310-51300-42500 _

*	3,750.00
*	133.33
*	291.67
*	.18
*	2.82
*	133.05

COPIES

7/12/18 00014	7/02/18	
	7/02/18	
	7/02/18	

7/19/18 00004	
7/03/18	

29

GOVERNMENTAL MANAGEMENT SRVCS LLC
201807 320-57200-45300

- -  -  -  -  - -  - -  -  -4-,31-1.-05-
*	540.00

000289

JUL JANITORIAL SERVICES

683.00

29
JUL
29

201807 320-57200-45200
POOL MAINTENANCE
201807 320-57200-46001

*
*	1,550.00

JUL OPERATIONS MANAGEMENT
-  -  - - -  -  -  -  -  - -  -RI-VE-RS-ID-E-M-ANA-GM-EN-T-S-ERV-IC-ES-,-I-NC-
62325314 201806 310-51300-42000
JUN FEDEX POSTAGE
FEDEX

- - - - - - - - - -
*	24.40
- - - - -

2,773.00 000290

24.40 000291

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - -

7/19/18 00005

6/30/18 101333	201805 310-51300-31500
PURCHASE/SALE AGREEMENT
HOPPING GREEN & SAMS

*
- - - -

414.00

414.00 000292

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - -

7/19/18 00013

7/19/18 00002

6/29/18 6861	201806 330-53800-46400
IRRIGATION REPAIRS
LANDCARE GROUP, INC.
6/05/18 I0305109 201806 310-51300-48000
6/13/18 NOTICE OF MEETING
THE ST AUGUSTINE RECORD

*	181.50
- - - - - - - - - - - -181.50 000293
*	76.29
76.29 000294

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

TOTAL FOR BANK A

45,548.33

BANL -BANNON LAKES- BSANCHEZ

***

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER
***  CHECK DATES 06/01/2018 - 07/31/2018	BANNON LAKES - GENERAL FUND
BANK A BANNON LAKES-GENERAL

RUN	8/08/18

PAGE	4

CHECK	VEND# .....INVOICE........EXPENSED TO...		VENDOR NAME DATE		DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS

STATUS

AMOUNT

••••CHECK •••••
AMOUNT	#

TOTAL FOR REGISTER

45,548.33

BANL -BANNON LAKES- BS.ANCHEZ

Governmental Management Services, LLC
1001 Bradford Way
Kingston, TN 37763

Bill To:
Bannon Lakes COD 475 WestTown Place Sulte114
St. Augustine, FL

Invoice

Invoice#: 38
Invoice Date: 6/1/18
Due Date: 5/21/18
Case:
P.O. Number:

Description

Hours/Qty	Rate	Amount

Management Fees - June 2018 I·31·!il3·$'f
Information Technology- June 2018 I ·31•515• JGI Dissemination Agent Services - June 2018 f • 31 •Sf, ·JI<, Office Supplies I • :31 · 513 - (
Postage 1-,1·5!'3 ''fl.
Telephone I •'31 •5r} •.J /

3,750.00
133.33
291.67
15.15
2.35
12.14

3,750.00
133.33
291.67
15.15
2.35
12.14

	Total	$4,204.64	
	Payments/Credits	$0.00	
	Balance Due	$4,204.64	

 	-	
Landcare Group
Irrigation. Landscape, Maintenance
Tel. 386-586-3321 Fax 386-586-3330 P.O.Box893

Invoice

Terms	Date	Invoice#	
Net30	5/31/2018	6370	

Bill To

Bannon Lakes CDD
475 W. Town Place, Sutte 114
St Augustine, FL 32092

Project	Project#	
Bannon Lakes CDD Amenity Ctr.	MlOl	
Description	Quantity	Rate	Amount	
Irrigation Service

5-22-18
Common areas (trees)
(4) 1/2'* couplings, I-ft. 1/211 flex, 1 1/2n poly coupling
Material: $3.50
Labor: $35		38.50	38.50	
	Total	$38.50	
	Payments/Credits	$0.00	
	Balance Due	$38.50	

Terms	Date	Invoice#	
Net30	5/31/2018	6371	

Invoice

Irrigation• Landscape• Maintenance
Tel. 386-586-3321 Fax 386-586-3330
P.O. Box893

Bill To

Bannon Lakes COD
475 W. Town Place, Suite 114
St. Augustine, FL 32092

Project	Project#	
Bannon Lakes CDD	Ml02	
Description	Quantity	Rate	Amount	
Irrigation Service

5-22-18
Parkway
6P, (3) MPR nozzles, (33) 1/2" couplings, 15-ft. 1/2" flex
Material: $72.50
Labor: $105		177.50	177.50	
	Total	$177.50	
	Payments/Credits	$0.00	
	Balance Due	$177.50	

 	

Invoice

Terms	Date	Invoice#	
Net30	6/1/2018	6330	

Landca Group
lrrigaUon •landscape• Maintenance
Tel. 386-586-3321 Fax 386-586-3330
P.O. Box893

Bill To

Bannon Lakes CDD
475 W. Town Place, Suite 114
St. Augustine, FL 32092

Project	Project#	
Bannon Lakes Amenity Center	M101	
Description	Quantity	Rate	Amount	
Monthly maintenance for the month of June

/·3"3·53f'· 41,i
)3	I	5,395.89	5,395.89	

Thank you for your business!	Total	$5,395.89	
	Payments/Credits	$0.00	
	Balance Due	$5,395.89	

;
Landcare Group
lrrlQatlon  •landscape+ Maintenance
Tel. 386-586-3321 Fax 386-586-3330
P.O. Box893

Invoice

Terms	Date	Invoice#	
Net30	6/1/2018	6331	

BillTo

Bannon Lakes CDD
475 W. Town Place, Suite 114 St. Augustine, FL 32092

Project	Project#	
Common Areas & Lakes	M102	
Description	Quantity	Rate	Amount	
Monthly maintenance for the month of June

1-33 · 538·1-Jl,';2.
IS	1	5,675.05	5,675.05	

Thank you for your businessl	Total	$5,675.05	
	Payments/Credits	$0.00	
	Balance Due	$5,675.05	

1. \i ;I

Terms	Date	Invoice#	
Net30	6/5/2018	6377	

-

Invoice

Landcare Group
Irrigation • Landscape• Maintenanc.e
P.O. Box893 Bunnell, FL 32110
(386) 586-3321

Bill To

Bannon Lakes CDD
475 W. Town.Place, Suite 114
St Augustine, FL 32092

Project	Project#	
Plant Replacement	MlOl	
Description	Quantity	Rate	Amount	
Replace winter damaged plant material

Gold Mound (Duranta erecta 'Gold Mound'), #3	

13	

12.00	

156.00	

Attn Brian Stephens	Total	$156.00	
	Payments/Credits	$0.00	
	Balance Due	$156.00	

lnVOiCe

Date Invoice#

·51ai201a 131296578279

T rms  Nel20	
Due Date	s12a1261a	
PO#		
Deliv ry TJcl.(et #	Sales Ordet.#1321636	
Delivery Date	"'"'°''	
Delivery Loi:aiion	Ba dn lake.s Po01	
Customer#	13BAN025	

1707 Townhurst Dr
HQuston TX 77043
ar@poolsUra.com
800-858,POOL (7665)
www:poo!sure."co:m

BIIITo.		
Riverside Management Services Bannon La.kes GOD	..
9655 Florida Minning Blvd West
bldg 300 stiite 305
Jacksonville FL 32257		
			
		B
ShJpTo .	annon Lakes COD
435 Bannon Lakes. Blvd
St,Au'gusline FL .32095	
LATE FE!;:_This consutul 5::n0Uce urn.ier the tru.lh io 1!:!.ndinQ cl.that 8ny i:!-CCO.unts rei:nalnfng uilpaid afte the due da e are subject to 11/2% p r
month late charge and attorney fees.	
Item ID	Item	Quantity	· Units	Rate·	Amo.tint	
115-300
160-050	Bleach Minibulk Delivered
Pool Acid bulk by Gallon

cf!> .(i/if-18'
'?86'1 CheMrc	I
001, J;;ia,5"7.J.oo !J -,210
1'1
·--.

'"'·'..	300
150	gal
gal	1.50
3..00.	450,00
460.00	
Total	900.00
Amount oue	$ 00.0(?

Remittance Slip
customer

13BAN025

Amount oue

!i900,00

Invoice#

131295578279

Amount Paid.	 	
Make Checks pay bla To
POOlsure
PO Box 55372 .
Houston. TX 7-7255.537.2

1111111111111111111111111111
131295578279

r:cR_.."f REPUBLIC
....	SERVICES

8619 Western Way

Account Number	3-0687-0010861	
Invoice Number	0687-000897312	
Invoice Date	May 16, 2018	
Previous Balance	$330.94	
Payments/Adjustments	-$330.94	
Current Invoice Charges	$163.01	

Jacksonville FL 32256-036060
Customer Service	(904) 731-2456 RepublicServices.com/Support

Total Amount DueI
$163.01

Payment Due Date
June 05, 2018

PAYMENTS/ADJUSTMENTS	

Description
Payment - Thank You 05/08 Payment - Thank You 05/09

Reference 257
5555555

Amount
-$168,01
-$162,93

CURRENT INVOICE CHARGES	

Description	Reference
Bannon Lakes Cdd 435 Bannon Lakes DrCSAA172389154 St. Augustine, FL Contract: 9687022 (C51)
1 Waste Container 6 Cu Yd, 1 Lift Per Week
Pickup Service 06/01-06/30
Administrative Fee

Quantity	Unit Price	

$113.50	$113,50
$5.25
0

Total Fuel/Environmental Recovery Fee
Total Franchise - Local
CURRENT INVOICE CHARGES

. .,, ,,,-·

$36.82 f)

0

$7.44 cl
r

$163,01 g
'=

z

zz z z zz
2z zz z

0

Electronics Recycling with BlueGuard™	=1

Cunvenienl rncycling solutions tlla1 are safe for your busine:;s and good lor our planet. To learn more, visit RepublicServices.com/Electronics

t!'.,RS' REPUBLIC
D	SERVICES
8619 Western Way
Jacksonville FL 32256 036060

Return Service Requested

Please Return This Porlion Wilh Payment

 Total Enclosed	

Total Amount Due	$163.01
Payment Due Date		June 05, 2018 Account Number	3-0687-0010861 Invoice Number		0687-000897312

.I

L2RGACDTDL 000163
•l•111•111h1111111111•11IIII•II•1IIM•I'1M11111111'1'I' 111•1I
BANNON LAKES CDD LOUIS COWLING 475WTOWNPL
STE 114
ST AUGUSTINE FL 32092-3648
306870010861000000089731 20000163010000163 □18

Make Checks Payable To:

11111, 111111,u, I•1111111 1•111111+ •111•I1•111•11i.. 111 11111 •I1•
REPUBLIC SERVICES #687
PO BOX 9001099
LOUISVILLE KY 40290-1099

Riverside Management Services, Inc
9655 Florida Mining Blvd West
S\1ite 305

Bill To

Jacksonville, FL 322S7

Invoice

Dale	Invoice#	
5/18/2018	26	

P.O.No.

Terms

Project

l--0,c..1 1,+, M'ltV)t,

' .

.

3'2..o,

s-. '2.' 'iS'!O
1'1

Total

S646.05

Bnnnon Lakes COD
9655 Florida Mining Blvd W
Suite 305
Jacksonville, FL322S7

Quanllty	DescripUon	Rate	Amount	
	Paoility Maintenance Apri11 April 30, 2018		530.35	530.35	
	Maintenance Supplies		115.70	115.70	

RMs

aANNON LA!(ES COMMUNITY PEVELOPl,IENT O!STR\CT MAUlTENANOE m,LAeLE HOURS
ron lHEi MO TH OF APRIL 2018

!lru.	liQ.l!m		
</5118	i	R.R.	Repa\H:d windscree11sallennls cou1t	
4/19/19	7	R.R.	Re.patred windscreetiS.'illtennis court,washed e>c!Driot side ofbu!Idlng	
412o/18	i	R.R,	Repaired leaking cbemicailnJectors	
511/t8	4.6	R,M,	Emergency oal!ou\ lo ropnir 2pool chemlca! feederloaks.	
TOTAL	      13.6 			
MILie$	      130 		'Mileage Is reimbursable perse1;l!on 112,0S:1 Florida Stalules Mlfeaga Role 2009--0.445	

8AN,'ON LAKES

MAIIHE'NANCE BILLABLE PURCHASES

Period EndfngV/5/18		
DISTRICT	DATE	SUPPLlES	PRICE	EMPLOYEE	
BL
BANHOH LAKES	
4/10/18	

Sprayno22le	
17,22	
B.S.	
	4/10/18	Door key	2,27	B.$.	
	4/19/18	.ZJpUes	27,24	R.R.	
	;/2,/18	Te!eviston remoles	68.98	B.S.	

TOTAL 	S116.70 

Riverside Management. Services, foe
9655 Florida Mining l31vd West
Suite305
Jacksonville, FL 32257

Invoice

bate.	Invoice#	
6)1/20ili	27	

BIIITa

Bannon takes CDD
9655 l'loridaMining iJivd W
Suite305
Jacksonvllle, FL 32257

--

$2,173.00

Total

540.00
683.00
tJSS0.00.

540.00
683.00
1,550.00

an.it9ti.il .ServiC s • June 2018  32.<> ,5'12., 't'>3°
I>ool Mainteria cc: Servi es M June 201 4_ l..,r,, S'"t 'l- '-t ')..o
Operatlons-Mnilagement Se1vlces<>Jun6 2018· -:a·:t", S".' 1. ;_-'i toc>o \.
l'-1

,

Amount

Rate

Descripllon

auaritily

--

ProJect

Terms

P.O.No._

Hopping Green & Sams
Attorneys and Counselors

119 S.Monroe Street, Ste. 300
P.O. Box 6526
Tallahasse1eFL 32314
850.222.7500
================================= STATEMENT =================================

Bannon Lakes Community Development District c/o GMS, LLC
475 West Town Place, Suite 114
St. Augustine, FL 32092

General Counsel
BLCDD	00001	WSH

May 31, 2018

n	u

0e c e1vE	n
JUN 1 5 2018
av_· 	_

Bill Number 100732 Billed through  04/30/2018

!·31-513• 315
5

FOR PROFESSIONAL SERVICES RENDERED
04/04/18	WSH	Confer with Oliver regarding landowner election; review documents regarding same.

04/18/18	WSH	Prepare for, travel to and back and participate in board meeting.

Total fees for this matter

DISBURSEMENTS
Travel
Travel - Meals

Total disbursements for this matter

0.50 hrs

1.90 hrs

$660.00

51.43
6.15

$57.58

MATTER SUMMARY

Haber, Wesley S.	2.40 hrs	275 /hr	$660.00	
TOTAL FEES			$660.00	
TOTAL DISBURSEMENTS			$57.58	
TOTAL CHARGES FOR THIS MATTER			$717.58	

BILLING SUMMARY

Haber, Wesley S.	2.40 hrs	275 /hr	$660.00	
TOTAL FEES			$660.00	
TOTAL DISBURSEMENTS			$57.58	
TOTAL CHARGES FOR THIS BILL			$717.58	

Please include the bill number on vour check.

Riverside Managen\entServices, Inc 9655 Florida Mining Blvd West
Suite 305

·Bannon Lakes·coD
9655-:f)oridrr.Mhiing atvd W
Suit '305
Ji:icksonville;FL 32257

Jacksonville, FL3225'7

Invoice

Dal	Invoice It	
611812018	.28	

Facilltylv ii.inten nt. May l - May 3 l, 2-018
Mmri   llt\ll<:e:St!Pphef--1 ::•• ·•        -·-:r:	··::.'.:·0

.··: .. - - .	- :--

'·•. •.·,·.,,., ..,_, ,·,

414.08
-·

94;$6

; ,:., 1,t, n'\:.,t-,
'.!."2..0 , .S'1'2. , 'I ';i \0
I'-/

••

$808.64

Total

.
. -;.-{,.• I:}

PrOjec!

Terms

P.O. N.o:

BIii To

RMS

BANNON I.AKES COMl,IUNm'DEVElOPMENl OISTRICT
f..WNTEHANCE BILlA8t.a HOURS

 	FOR THEMONTH OFMAY 2016	

Oale

5/10/18	2
5/15118	5
l'i/17118 5/2.4/18	2
TOTAL 	10 
MU.ES 144	

Bnployeo bl)setlpllon

R.R.	Replaced eids)lng clwmi(Q\ fll11dcrlubln9 forbothclllotlnelnjectors-and nddin}ec\ar
R.R.		Removed e btlng acld supply rme, replaced c,!dchan supply Jines\•iilh newbTack tublrv,i, 91aded out a/Klranptoleelive ondulllines, raised .;l'ld addedprotective CQndult for pootacld lnjtctor inside poolpack, replaced CE$module elearse(l1ple collecilon i;:up
R.R.	Repaired wl'nd:reteens asneeded
Repaired wl'ndscrcens as needed, cemoved wasp nesls andcobwebs frombuildings exterior

'Ml!ease Is relmbu<sabfa persecllon 112.061 flo1ida Slalu Mheage Rale.:{00$,0ll45

BANNON I.AKES

MAINTENANCE BILLABLE PURCHASES

Period Ending 616/18
 ISIBICT	MI!i	SUPPLIES	PRICE	 EMPLOYEE
aL
aANNON LAKes
smta	Key>(21	4.53	R.R.
6114118	Conduit	3.22	R.R.
6/14M8	00DegrEee\OOWs(2)	1.89	R.R.
511'1l18	Coupling 3/,f' (2)	0.89	R.R.
5/14/18	Deldn-Slim•es (6)	11.32	8.S.
6114118	CoUlng IC-Of	15,75	B.S.
5/15(18	PVC Plpfng (2)	6.23	J.S.
6/15118	Tnm,forp\.lmp	100.88	J,S.
6/16/18	PVC Female adapter	0.70	J,S.
5/15/1&	JWElbQW(2)	1.47	J.S,
5/15/tS	3/4" PVC Bushing	1.31	J,S,
5/t5lt8	3W8all .ilve	3.85	J.$,
6116118	314" Male adapler	0.55	J.S,
5/18/18	l'olel paper jumbo rolls	74.18	s.c.
6/24/13	Gor!lla ladder 17'	136.(15	R.R.
6124118	swilretrelills	Vl.34	R.ff,
5/24/tS	Svil!(er refill slarterklt	5,05	R.R.
5124(18	2-0yctcon	8.02	R.R.
5/24/18	5gal BUC'ti.el	i.74	R.R.
10TAt. 	$394.56 

S-ecurity gineering And Designs, inc.
3H9 iialler St.reet
Jacksct11.ville,   FL	:l22B4

Invoice
Invoice	flb
lnvoice Date:
6/12/18
Page:
1

Voice:
Fax:

904-37:L-4 931
904-371-4939

Sold To:
RIVERSil)E MANAGEMENT SERVICES
9655 FLORIDA MINING BLVD. W, BLDG. 30ff STE. 305 JACKSONVILLE,  FL	32257

Customer 1D:RIVERSIDE MANAGEMENT
--------------·-··-··--····-··.

Site Address: BANNON LAKES

Customer PO

PavrnentTerms	Sales R_e_p_ l[)	  

Due Date

l-----   -------+----   N-et  ._1_.0_D  a_y_s-----+-  - 	6}22/18
----·--·-·	.•·.•------------------'-------------'	--_J

...	 		Description
DELIVERED ts·O)· AC.GESS CARDS # 'S .2.3.851-23950
Fl\C 21

;flt/;Jo C-it.1r
AecEsS cA S
Oot.31.0. S':?,ilz,, <-16110
-z.o

Amount

650.00

········-·······-·····- -------------e	 	J

Service Department: 371-4931
Monitonrig .Center: 800-318-9486
lnstaliatiori: 371-4931

Please include invoice number on payment 18-24840

Subtotal Sales Tax
Total Invoice Amount
Payment Received
TOTAL

650.00

6.50 .oo
0.00
6!5'0 .oo

Questions on this invoice call:
(866) 470-7133 Option 2

l!

INVOICE AND STATEMENT OF ACCOUNT

AGING OF PAST DUEACCOUNTS

UNAPPUED AMOUNTS ARE INCLUDED IN TOTAl.AMOUNT OUE

So that we may setve you better, pleasa remit the amount due. New business is dependent on prompt payments. Please include the
remittance stub and Input your account number on your check. Thank you.

$76.29
$76.29
$0,00
$0.00
$0.00

PREVIOUS AMOUNT OWED:
NEW CHARGES THIS PERIOD:
CASH THIS PERIOD: DEBIT ADJUSTMENTS THIS PERIOD:
CREDIT ADJUSTMENTS THIS PERIOD:
We appreciate your business.

$76.29
$38.17
$38.12

$8.98
$8.97

Balance Forward

05/06

RUN	RATE	AMOUNT

UNITS

SAU SIZE

PRODUCT

l.!!I

I!!! Bil.LEO l2J TIMES i!!I

""

DESCRIPTION

l!ll  NEWSPAPER
REFERENCE

,l!I
STA.RT STOP

7

05/08 05/08	103041215-05082018	REGULAR MEETING 5/16/18	SA St Augustine Record	1.00 X 4.2500	4.25	
05f08 05/08	103041215-05082018	REGULAR MEETING 5/16/18	SA SI Aug Record Online	1,00 X 4.2500	4.25	

	,;J	300AYS	
60DAYS	
OVER SO DAYS	UNAP	UED	AMOUNT	..	1	TOTALAMOUNT	DUE	
"I	CURRENT NET AMOUNT

$76.29	
$76.29	$0.00	$0.00	
$0.00	
$152.58	
SALES REP/PHO!fE II	1			AD,V,E,RTISER INFORMATION		,		
Melissa Rhinehart 904-819-3423	"	BILLING PERIOD		BILLED ACCOUNT NUMBER	ADVERTISEl't/CUElff NUMBER			AOVER11SERICL1ENT NAME	
	05/07/2018 - 06/03/2018 I		15652	I	15652	I		BANNON LAKES CDD - GMS	

MAKE CHECKS PAYABLE TO

The St Augustine Record

The St. Augustine Record Dept 1261 PO Box 121261
Dallas, TX 75312-1261

Payment is due upon receipt.

PLEASE DETACH AND RETURN LOWER PORTION WITH YOUR REMITTANCE

	'	BILLING PERIOD	,  I	AbVERTISERICUEITT NAME	
	05/07/2018 - 06/03/2018	BANNON LAKES CDD - GMS	
···REcJ1RD
,.	,o,tt,,, -

The St. Augustine Record Dept 1261 PO Box 121261
Dallas, TX 75312-1261
ADVERTISING INVOICE and STATEMENT	COMPANY	.. 1	TOTALAMOUNT DUE	UNA.PPLIED AMOUNT	I, I	TERMS OFPAYMENT	
	SA7	$152,.,5,8	$0.00	I	NET 15 DAYS	
	"I	CURRENT NET AMOUNi	lOpAYS	I	60DAY5	'	OVER90DAVS	
	.,	$7,6,.,29	I	$7629	I	$0.00	I	$0.00
B!LUNGOATE	I,  I	Bil.LED ACCOUNT NUMBER I, I ADVERTISER/CLIENTNUMBER I 7-4 STATEMENT NUMBER	
	PAGE#	
	I	06/03/2018	I	15652	I	15652	I	0000015100	
 	BILLING ACCOUNT NAME.Al,ID ADDRESS		 	REMITTANCEAOORESS	

0	BANNON LAKES CDD - GMS 475 WTOWN PL STE 114
SAINT AUGUSTINE FL 32092-3649
lllplhh •' nll111•11111,111 11, ll'1ii.11111 1111, pl,lll 1Jllhlli

The St. Augustine Record Dept 1261
PO Box 121261
Dallas, TX 75312-1261

NOI'lC&OFMEfiTING   BANNON LAKES COMMUNITY DEVELOPMENT
msnucr
TI1e gula:r meeting of the Board of Su• pervison of the :Bannon Llllces Com­ munity Devclopment Disbiel. will be lield on Wtdnesday, May 16{ 2018 at
)tl:; :=s kt;:,v-;:7

d:

West Town  cc, Suite 114-, St. An­
l(UStlnc, Florida 82092, The meeting
%. :;:	a t£ ;:x
fons of Plorlila Law fur Community Development Di•trlcls, A copy of the fur this meeting m:,.y be ob•
:, !\	1 .:_ t :.f;A

:a n	m:::

t!0!:	1on!\!

:;

gustim:, FL 32092 (nnd phone (904) 940-5850), Thi, meeting may be ron­ tinucd to  a dal0e,	and  place t0o  he
more S,ipecvbors will pa.rlicipale by tel·
ephone.
tw.i : rni'i:':: fi:i:!: =
«O,t fs\ b'w. ;:,i;

ta

5850 at lea.st tiVQ caleu<hi.r ch,.),s prior to the   meeting.   If   you   are   hearing or
t:  ;i'i  e t c s  t-!I ':
t7lt for 11.id m ronta.ctlng the District
i: !'tot !d !'ti c l
vised that person  will :need 11.   record of
the proceeding.'! and that ai:cordinldy, the person may need tv 11.isui:c tbal a

f::.i.

,-erbatim ,:,:-cord  of  the proceedinp is
made, indudlniJ the testimony and evi­ upon winch rucli appeal ii to be

James Oliver
Diatrlct Mam1ger
00030-1,1215 May 8, 2018

fecEx",

Invoice Number
6-226-44824

Invoice Date
 	Jun 26, 2018 

 	Page 
1 ol 3

Billing Address: BANNON LAKES. 475WTOWN PL STE 114
SAINT AUGUSTINE FL 32092-3649

Shipping Address: BANNON LAKES 475WTOWN PL STE 114
SAINT AUGUSTINE FL 32092-3649

Invoice Questions?
Contact FedEx Revenue Services
Phone:	(800) 622-1147
M-F 7 AMto 8 PM CST Sa 7 AM to 6 PM CST
Fax:	(800) 548-3020

Invoice Summary Jun 26, 2018
FedEx Express Services
Transportation Charges		

45.60	
Special Handling Charges		7.48	
Total Charges	USO	$53.08	
TOTAL THIS INVOICE	USD	$53.08	
Other discounts may apply.			

Internet:	www.fedex.com

/·31·513 ·'-1 ?-..
l.f

Account Number

----···········	91:l! ilEJg descrip!iCJO,S.ClfS.ll". ".9ElS. n,be located atfeg1:1x.:.com	 	

Tol![ISU!e propercreditr!ease mturn lhis porti□n wilhy  ourpaymenl  lo FedEx.	Invoice Number
Please do not lap!e or fold. Please make check payable to FedEx.

 	Amount Due	

O FOi chaf\{le ofaddress,check here and comp!elfl form onreverse side.
Remittance Advice
Your payment is due by Jul 11, 2018

 	6-226-44824	

 	USD $53.08	

0030 589 01 AB 0.405 '"AUTO n O 1176 32092-364939 -C01-P30619-ll

1	1	1   1	1	1	1

111•1hlllll11l•ll "1• 11111nh111•1"1hll llll 1'1"1'1llill 1lnl
BANNON LAKES

111•111•l•''1'1111•111 n1 11II, 11I 1 •• 111l1• 1•I'1 11•'1 1•11I 1
FedEx

475 WTOWN PL STE 114
SAINT AUGUSTINE FL 32092-3649

-	P.O. Box 660481
DALLAS TX 75266-0481

IIIIII IIIIIIIIIIIIlIl IIIII IIIIIII IIIIII
60017760004168

1176---01--00--0030569-0002-00703,11

FedEx Express Shipment Detail By Payor Type (Original)

Fuel Surcharge - FedEx.has applied a fuel surcharge of7.00% ta this shipmant
Distance Based Prlcing,Zone 2

 	Page 

Invoice Number
 	6-226-44824	

Invoice Date
 	Jun 26, 2018 

3 of3

Automation	INET	Sender		
Tracking ID	772499069019	Shelby Stephens	John Dodson	
Service Type	FedEx Standard Overnight	GMS, LLC	700 Ponte Vedra Lakes Blvd	
Package Type	FedEx Envelope	475West Town Place	PONTE VEORA BEACH FL 32082 US	
Zone	02	SAINT AUGUSTINEFL 32092 US		
Packages	1			
Rated Weight Delivered	N/A		

22.80	

Fuel Surcharge - FedEx has applied a fuel surcharge of 7.00% to this shipment
Distance Based Priclng,Zone 2

Automation
Tracking 10
Service Type	INET 772499088426
FedEx Standard Overnight	Sender
Shelby Stephens	Shelby Stephens
GMS,LLC	475 West Town Place		
Package Type
Zone	FedEx Envelope
02	475WestTown Place	SAINT AUGUSTINE FL 32092 US
SAINT AUGUSTINE FL 32092 US		
Packages
Rated Weight	1
N/A			
Delivered	Jun 21, 201810:34	Transportation Charge	22.80	
Svc Area	A5	Fuel Surcharge	1.88	
Signed by	S.TEVENS	 Courier Pickup Charge		4.00	
FedEx Use	000000000/200/	Total Charge	USO	$28.68	
 	Third Party Subtotal		USO	$53,08	
Total FedEx Express	USD	$53,08	

1 l 76-01-00-0030569-000Hl070310

Invoice#	373493	
Account#	723475	
Invoice Date	7/112018	
Due Date	711112018	

INVOICE
The Lake Doctors, Inc.
Aquatic Management Services •

Invoice Questions: Please call us at
1-800-666-5253 or
lakes@lakedoctors.com

BANNON LAKES CDD OMS  MANAGEMENT 475 WEST TOWN PLACE SUITE 114
ST AUGUSTINE, FLORIDA 32092

Bill To

3543 State Road 419, Winter Springs, FL 32708

Monthly Water Management Service

465.00

Customer Total Balance

$930.00

INVOICE DATE REFLECTS MONTH SERVICE PROVIDED.
To help ensure prompt and accurate credit to your account, please include your account number nd invoice number on your check and always include your remittance stub with your payment
Please do not send any correspondence with your payment as it may delay our response
to your Inquiry.
Follow us on Facebook & lnstagram!!

Amount

Description

Item Number

MAS

NET  JO DAYS

Rep

Terms

P.O. No.

PLEASE DETACH & RETURN THIS PORTION WITH PAYMENT

Bill To

Amount Enclosed

Date

-

7/1/2018

-

Save a Stamp - Go Green & Go Paperless! Have your invoice emailed! Email address:

--

Mastercard

Card#
Card Verification# Exp. Date#
Plint Name

--

Visa	 American Express

Billing Address: Check box if same as above

Signature

723475

Account#

373493

Invoice#

BANNON LAKES CDD OMS MANAGEMENT 475 WESTTOWN PLACE
SUITE 114
ST AUGUSTINE, FLORIDA 32092

[ J Please Check Box if New Address and Make Changes Above
The Lake Doctors, Inc. 3543 State Road 419 Winter Springs, FL 32708

._\ll
Landcare Group
Irrigation •Landscape• Maintenance
P.O. Box 893 Bunnell, FL 32110
(386) 586-3321

Invoice

Terms	Date	Invoice#	
Net30	7/112018	6735	

BillTo

Bannon Lakes CDD
475 W. Town Place, Suite 114
St. Augustine, FL 32092

f-33·53'6'·/,,/(;'J_
13

Project	Project#	
Bannon Lakes Amenity Center	MlOl	
Description	Quantity	Rate	Amount	
Monthly maintenance for the month ofJuly	1	5,395.89	5,395.89	

Thank you for your business!	Total	$5,395.89	
	Payments/Credits	$0.00	
	Balance Due	$5,395.89	

,	'1.\Lt
Landcarr-e :G:roup
Irrigation  •Landscape• Maintenance
P,O, Box893
Bunnell, FL 32110

(386) 586-3321

Invoice

Tem1s	Date	Invoice#	
Net30	7/1/2018	6736	

Bill To

Bannon Lakes CDD
475 W. Town Place, Suite 114
St Augustine, FL 32092

Project	Project#	
Common Areas & Lakes	M102	
Description	Quantity	Rate	Amount	
Monthly maintenance for the month of July (Includes new addition of front median strip easement)	I	5,925,05	5,925,05	

Thank you for your business!,	Total	$5,925,05	
	Payments/Credits	$0,00	
	Balance Due	$5,925,05	

r:cRg REPUBLIC
.;Ji'	SERVICE$

8619 Western Way
Jacksonville  FL 32256-036060
Customer Service	(904) 731-2456 RepublicServices.com/Support
Important Information
Your next invoice may reflect a rate adjustment. Please contact us with any questions.

Account Number Invoice Number Invoice Date

Total Amount Duel Payment Due Date
$166.29	July 06, 2018

Previous Balance Payments/Adjustments Current Invoice Charges

3-0687--0010861
0687-000903810
June 16, 2018
$163.01
-$163.01
$166.29

PAYMENTS/ADJUSTMENTS
Description
Payment-Thank You 06115

Reference 275

Amount
-$163.01

CURRENT INVOICE CHARGES	

CURRENT INVOICE CHARGES

n

OECclVEO
JUN 25 2018
BY:._.

ro

Description	Reference	Quantity	Unit Price		
Bannon Lakes Cdd 435 Bannon Lakes Dr CSA A172389154 St, Augustine, FL Contract: 9687022 (C51)				
1 Waste Container 6 Cu Yd, 1 Lift Per Week				
Pickup Service 07/01-07131		$113.50	$113.50	
Administrative Fee			$5,95 r	
Total Fuel/Environmental Recovery Fee			$39.30	
Total Franchise - Local			$7,54 ►	

g
--l

u

$166,29 ]

z
z
izE 2z z
2

zz

=I

0

=I

Electronics Recycling with BlueGuard™	0
Convenient recyGling solulions lhat are safe for your business ,md good for our planet. To learn more, visil RepublicServices.com/Electronics

l{J:,R REPUBI.IC
ij,.'U	SERVICES
8619 Western Way
Jacksonville FL 32256-036060

Return Service Requested

l2RCACDTFR 011369

Please Return This
Portion Wlth Payment

 Total Enclosed	

Total Amount Due		$166.29 Payment Due Date	July 06, 2018 Account Number			3-0687-0010861
Invoice Number	0687-000903810

i !
•:.li n1ur1,q :vu,;=·:•., t,11,:r,ftc,::
<'.iv:;•11_ I:'.,·,;: li-'; C illij,(•·ij,' i>·-11i, .;,_,

Make Checks Payable To:

11,1,111,, ..111,••l• ll ll•11 ll11 •ll 1"1"'   l'11' •1111ll1n111111•11
BANNON LAKES COD LOUIS COWLING
475 WTOWN PL
STE 114
ST AUGUSTINE FL 32092-3648
30 b870010861 □□□□□ 0090381	□□□□ 01 b62900001	b629 □

'111•1111111111' 1111I hI' •1M,I 1l11h ,lh(II111•1111•1•'"   11-11I
REPUBLIC SERVICES #687
PO BOX 9001099
LOUISVILLE KY 40290-1099

Riverside Management Services, Inc
9655 Florida Mining Blvd West Suite 305

Bannon Lakes CDD
9655 Florida Mining Blvd W
Suile305
Jacksonville, FL32257

Bill To

Jacksonville, FL 32257

'

Invoice

Date	Invoice#	
4126/2018	25	

P.O.No.	Terms	Project

Total	$1,055.63

RMS

BANNON LA!(ES COMMUNITY PEV!,LOPMENT DISTRICT MAINTENANCE AILLABLE HOURS
 	FOR THE MON'ffl OF APRIL 2018	

Jl.al!!	Hours
4/12118	3
4/!3/18	0
4114/18	8
4/16/18	8
4/16/18	8,5
4/17/18	3.5

TOTAL 	40 

MILES 125	

Emu!,QY.ea pescrlpllon
L.F.	Assisted residents with entry to Amenity Centet fac\lllles
s.o.	Assisted residents wllh entry toAmenilY Centedacllllles
s.o.	Assisted resident, with entry toAmenlly Center raollllles SA.	Assisted residents wUh entry to Amenity Center facllllles
S.D.	Assisted resldenls wllh ent,y loAmenity Genier facllllles
s.o.	Asslslod residents wllh entry lo Amenity Genier faciUlles

'Mileage Is roimbursable pcrsectton 112.061 Florida Statutes MIieage Rate 2000-0.446

r
€.V"'l..<,J,(,•1c.y Sl-i Ii,J	·+-,,

/

BANNON LAKas

ti Berger, Toombs, Elam,
,OJ Gaines & Frank
Certified Public Accountants	PL
600 Otrus·Avenue
Suite 200
Fort Pierce, Florida 34950
772/461-6120 /1461-1155
FAX: 772/468-9278	20667 001
June 30, 2018

BANNON LAKES COMMUNTIY DEVELOPMENT DISTRICT
475 WESTTOWN PLACE, STE 114 ST. AUGUSTINE, FL 32092

Invoice Number:	02116644

/·31·613·3:2.'2
I<.,,

For Professional Services:

Services rendered in connection with the audit of the Basic Financial Statements as of and for the year ended September 30, 2017.
Total Invoice Amount	$2,325.00

Please enter cU nt number on your check.
Finance charges are calculated on balances over 30 days old at an annual percent.age rate of 18%.

Member AICPA

Fort Pierce / Stuart

Member AICPA Division For CPA Firms
Private Companies Practice Section

Member FICPA

Governmental Management Services, LLC
1001 Bradford Way
Kingston, TN 37763

Invoice

Bill To:
Bannon Lakes COD 475 West Town Place Suite 114
St. Augustine, FL

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8	.llJL .l O 2011]  J/J
BY: <><>•••• •••uou•n• ••

Invoice#: 39 Invoice Date: 7/2118
Due Date: 7/2/18 Case:
P.O. Number:

ManagementFees -July2018 1·'3H;l3·3Lt
Information Technology- July 2018 /•JI ·513· 351

Dissemination Agent Services - July 2018 1•31 • 5 13· ' "

1

Office Supplies I· I • 513 · 61
Postage  1·31·513  • L/2.
Copies   /·31· 513·'1:Z.5

3

Description

Hours/Qty	Rate	Amount

3,750.00	3,750.00	
133.33	133.33	
291.67	291.67	
0.18	0.18	
2.82	2.82	
133.05	133.05	

	Total	$4,311.05	
	Payments/Credits	$0.00	
	Balance Due	$4,311.05	

Riverside Management ilervices, foe
9655 Florid.a Mining Blvd West Suite305
Jacksonville, l.'L 32257

Invoice

Dale	Invoice//	
11212oi&	29	

Bill To

$2,173.00

Total

540.00

540.00

1'1

'-'

Jtl'Jlitcirifll-Servi<:CS 'July 20i& 310-,"S',').I "'1 'S.

Amount

Rale

Description

Quantity

Project

Teritjs

P.O. No.

Bann.on .Ll\kes·CD[)
965S Florldn Mining Blvd W Suiti:: 305
JucksonvillO. PL32257

BY: H♦   "" •••  ••H••ou  •••o

Pool MafotCila11c_C_ er'Vlces.. July: 018-_ :, ,	5'1 2, 4 S -,..p	683.00	683.00	
Operali9ns  1nnogement Sen•ices -Ju1y"201S· ':}i:o, S:"i '1..,. Lt  <:>t:>,	1,550.00	1,550.00	

 	Invoice Number	Invoice Date 
 	6-232-53147		 Jul 03 2018 

 	Page 
1 of3

Billing Address:
BANNON LAKES
475 W TOWN PL STE 114
SAINT AUGUSTINE Fl 32092-3649

Shipping Address:
BANNON LAKES
475 WTOWN PL STE 114
SAINT AUGUSTINE FL 32092-3649

Invoice Questions?
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Invoice Summary Jul 03, 2018
FedEx Express Services
Transportation Charges		

22.80	
Special Handling Charges		1.60	
Total Charges	USO	$24.40	
TOTAL THIS INVOICE	USD	$24.40	
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Remittance Advice
Your payment is due by Jul 18, 2018

0033111 01AB 0.405 "''AUTO Tl O 1183 32091-364939 -C01-P331•14•1l

1 1   1	1

1111h•h•1•h11•1•1n•111•11•1hll1•1l•11 l1•1 •1111ll11111h1"I•
BANNON LAKES
475 W TOWN PL STE t 14
SAINT AUGUSTINEFL 32092-3649

•11111h''•II'hII1111 1I,I,11 1 •1 1I 1•'I" 111, 11,•II••I.II11•I1
FedEx
P.O. Box 660481 DALLAS TX 75266-0481

llllIl IIIII  IIIlllllIl 111111111111111111
60001830003914

1183--0l-00--00331l l·0002•00n782

Adjustment Request
Fax to (800) 548-3020

 	Invoice Number	Invoice Date 
 	6-232-53147		 	Jul03 2018 

 	Page 
2of3

Use this form to fax requests for adjustments due to the reasons indicated below. Requests for adjustments due to other reasons, including service failures, should be submitted by going to www.fedex.com or calling 800.622.1147. Please use multiple forms for additional requests.

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I  I  I  I  I  I  I  I  I  I  I  I  l   I   I  I  I  I   I  I   I  I  I  I  I  I•  LLJ     I   I  I   II   I  I   Ix!  I   I   lxl    I  I  I I  I  I   I  I  I  I   I  I  I  I  I  I  I   I  I  I  I   I  I  I   I  I   I  I  I,  LLJ    I    I  I  II    I   I  !xi   I  I  I xi  I  I     I                                                    I  I  I  I  I  I  I  I  I  I  I  I  I  I  I  I  I  I  I  I   I  I  I  I  I  1· LLJ     I    I  I  II  I  I   lxl      I  I  !xi  I  I   I     I  I   I   I  I  I   I   I  I  I  I  I  I  I   I  I  I  I   I  I  I   I  I  I  I   l•LLJ I  I I  II  I  I   Ix!   I  I   I xi  I   I I           I I I I I I I I I I I I I I I I I I I I I I I I I I, LLJ I I I II I I lxl I I Ix! I  I I
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11 a3-01-00-0033111-0002..oon1e2

 	Invoice Number	Invoice Date 

 	6-232-53147	

 	Jul 03, 2018 

 	Page 
3of3

Fuel Surcharge• FedEx has applied a fuel surcharge of7.oo'¼ tO this shipment
Distance Based Pricing, Zone 2

Automation Tracking ID Service Type Package Type Zone Packages Rated Weight Delivered
Svc Area Signed by

INET 772583632905
FedEx Standard Overnight FedEx Envelope
02
1
N/A
Jun 28, 2018 09:29 A2
D.WEI

Shelby Stephens
GMS, LLC
475WestTown Place
SAINT AUGUSTINE FL 32092 US

Transportation Charge
Fuel Surcharge

Recipient
Sherrill F. Norman
111 West Madison Street
TALLAHASSEE FL 32399 US

22.80
1.60

FedEx Use

000000000/200/

Total Charge	USD	$24.40
Third Party Subtotal	USD	$24.40
Total FedEx Express	USD	$24.40

1183-0l-00-0033111-0001-0077781

Hopping Green & Sams
Attorneys and Counselors
119 s. Monroe Street, Ste, 300
P.O. Box 6526
T lahassee, FL 32314
850.222.7500
================================= STATEMENT=================================
June 30, 2018

Bannon Lakes Community Development District c/o GMS, LLC
475 West Town Place, Suite 114
St. Augustine, FL 32092

General Counsel
BLCDD	00001	WSH

Bill Number 101333 Billed through 05/31/2018

/·'31·5'1'3·315
5

FOR PROFESSIONAL SERVICES RENDERED
04/27/18	MKR	Research recent changes to law regarding indemnification provisions in district contracts.

0.10 hrs

05/08/18	WSH

05/08/18	JEM

05/09/18	WSH

05/15/18	WSH

05/31/18	JLK

Confer with sembler regarding purchase and sale agreement and prepare correspondence regarding same.

Review Issues regarding CDD disclosure language in contract. Finalize budget resolution; confer with Stephens regarding same. Review and revise minutes.
Confer with Insurance adjuster and counsel for same on ADA website
compliance and research same.

0.50 hrs

0.20 hrs

0.30 hrs

0.30 hrs

0.10 hrs

Total fees for this matter

$414.00

MATTER SUMMARY

Merritt, Jason E.		0.20 hrs	305 /hr	$61.00	
Kilinski, Jennifer L.		0.10 hrs	260 /hr	$26.00	
Rigoni, Michelle K. Haber, Wesley S.		0.10 hrs
1.10 hrs	245 /hr 275 /hr	$24.50
$302.50	
	TOTAL FEES			$414.00	

TOTAL CHARGES FOR THIS MATTER	$414.00

BILLING SUMMARY

0.20 hrs	305	/hr	$61.00	
0.10 hrs	260	/hr	$26.00	
0.10 hrs	245	/hr	$24.50	
1.10 hrs	275	/hr	$302.50	

Merritt, Jason E. l<ilinskl, Jennifer L. Rigoni, Michelle K. Haber, Wesley S.

General counsel	Bill No. 101333	Page 2
=======================================================================================

TOTAL FEES

TOTAL CHARGES FOR THIS BILL

$414.00

$414.00

Please include the bill number on vour check.

 -	

'.Landcare Group
.t gatio _• l3ndscap" • Mafoterta.nc
P.o:.Box893
Bunnell, FL 32110

Bill To

(386) 586°3321

BniillOil Lakes.COD
47 ·\V._To_\\11 Pln e. $ui e j 14 St.-Augustinc, Fl. 32092

T rmS	Date	Invoice#	
N t?O	6/29/2018	686!	

·-        .j

.-,- ·······••··

Invoice

Project	.Projeot#	

Bi'i)Jnon Lnlc.e ·GDD	1102	
DesCrii:,ticn	Quantity	Rate	Amoun·t	
I_r(ig11iion Sen'l.ce

6'20•18
B iincin inkes"Pkwy.
. P;  J MPR no,'.'".zl5:, ,·2 tree bnhblecs·, 1i211·co   uplii_1g
Material cost: s94· Lnbor: .$_8.(.50

1· /0-l'if
15nfio'i:>
00/; 3?o, i;-3.,re,'16</oo		rntso	181.50	
	Total	$181.50	
	Payments/Credits	$0.00	
	Balance Due	18L5,0	

"'	l"1	NEWSPAPER REFERENCE	
DESCRIPTION	l"1	
PROOUC1'	
SAU SIZE	l!!l BILLED
UNITS	1!!J 11MES
RUN	l!.!.I	
RATE	l!!I	
'AMOUNT	
06/03		Balance Forward					$152.58	
06/05	P28275	Payment Lock.box 267					$-76.29	
06/05 06/05	103051099-06052018	REGULAR MEETING 6/13/18	SA St Augustine Record	1,00 X 4.2500	4.25	$8.98	$38.17	
06/05 06/05	103051099-06052018	REGULAR MEETING 6/13/18	SA St Aug Record Online	1.00 X 4.2500	4.25	$8.97	$38.12	

PREVIOUS AMOUNT OWED:	$152.58	
NEW CHARGES THIS PERIOD:	$76.29	
CASH THIS PERIOD.:	($76.29}	
DEBIT ADJUSTMENTS THIS PERIOD:	$0.00	
CREDIT ADJUSTMENTS THIS PERIOD:	$0,00	

,11	CURRENT NETAMOUNT	ttl	300AYS	600AVS	OVERUOOAYS	UNAPPLU£D AMOUNT	,af	TOTAL AMOUNT DUE	
$76.29	,	$76.29	$0.00	$0.00	$0.00	$152.58	
SALES REP/PHONE#	AOVERTISERIUFORMATION	
Melissa Rhinehart
904-819-3423	'	BILLING PERton	'"	BILLED ACCOUNT NUMBER	"'	ADVERllSER/CLIENTNUMBER		"	ADVERTISER/CLIENTNAME	
	06/04/2018 - 07/01/2018 I	15652	I	15652	I		BANNON LAKES COD - GMS	

Questions on this invoice call:
(866) 470-7133 Option2

START STOP

We appreclate your business.
So that we may serva you better, please remit the amount due. New business is dependent on prompt payments. Please include the remittance stub and input your account number on your check. Thank you.

INVOICE AND STATEMENT OF ACCOUNT

AGING OFPAIIT DUE ACCOUNTS

UNAPPLIED AMOUNTS ARE lNCLUOEO INl'OTALAMOUNTOUE

sar

MAKE CHECKS PAYABLE TO
The St Augustine Record

	,,	BILLING PERIOD	'I	AOVERTISER/CUENTNAME	
	06/04/2018 - 07/01/2018	BANNON LAKES CDD - GMS	

5'/wp--

The St. Augustine Record Dept 1261 PO Box 121261
Dallas, TX 75312-1261
ADVERTISING INVOICE and STATEMENT	COMPANY	"'	TOTAL AMOUNT OUE	' UNAPPl.lED AMO\JNT	I,  I	TERMS OF PA'l'NENT	
	SA7	$152.58	$0.00	I	NET 15 DAYS	
	"'	CURRENT NET AMOUNT	lttl	30 DAYS	I	600AYS	'	0VER900AYS
$76.29	I	$7629	I	$0.00	I	$0.00	
		
	' I	PAGE#       1, I    BILLING DATE	I•  I	B LEPACCOUNTNUMBER I ,i ADVERTISERfCLIENT talMBER I 24STATEMENT NUMBER	
	I	07/01/2018	I	15652	I	15652	I	0000017711	

·REcoRD

The St. Augustine Record Dept 1261 PO Box 121261
Dallas, TX 75312-1261

Payment is due upon receipt.

PLEASE DETACH AND RETURN LOWER PORTION WITH YOUR REMITTANCE

 	BILLING ACCOUNT NAME.ANO ADDRESS		 	REMITTANCE  ADDRESS	

:t	BANNON LAKES COD - GMS
475 WTOWN PL STE114
SAINT AUGUSTINE FL 32092-3649
1111(1111 l11mh1II II,11111I•h1111'II  "I  ll(nll,IMI 1111111I II

The SI. Augustine Record
Dept 1261
PO Box 121261
Dallas, TX 75312-1261

_J

D.

Bannon Lakes
Community Development District	Construction Funding Request #7
July 10, 2018

	 . Series 2016 Contruction

112	Basham & Lucas

113	Site. Plan Concept Inv #7462 6/13/18

Vallen<:ourt Construction		$	950.00	
	Application No. 5128 5/20/18		$	207,482;37	
114	England-Thims & Miller
Professional Services Inv#0187229 6/5/2018		
$	9,249.27	
115	st. John County			
	<1 lsubmitt al Pac ages for Duran Dr Roadway Plan	6/20/18	$	370.00	

.	To [fuodiogR.eq es.

.	.$ 211t6Sl,;64 :

C 1 J(>aid in advance by.Developer

Please make checkpayable to;	13,imnon l.akes(:OO
c/ciGMS LLC / .	s 4?5 W st T?wli F'!ace Sui Jl1 .··..··•  c  ./  ·

Signature:---'        '---"'.·.""·•.·.....:...-··'-"-"'<--"·'-.¥.-_'_t._A-ug_u_sti_.·n_,e_f_L·_,3_20_9_2

cman

REQUISITION NO. 112
(2016 Acquisition and Construction Account)

BA.NNON LAKES COMMUNITY DEVELOPMENT DISTRICT (ST. JOHNS COUNTY, FLORIDA)
$11,850,000
Special Assessment Revenue Bonds, Series 2016

The undersigned, a Responsible Officer of Bannon Lakes Community Development District (the "District") hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Tnrnt Indenture from the District to The Bank of New York Mellon Tmst Company, N.A., as trustee (the "Trustee"), dated as of January 1, 2016 (the "Indenture"), (all capitalized tem1s used herein shall have the mean.ing ascribed to such term in the Indenture):
Requisition Number: 112

Name of Payee:  Basham & Lucas

Amount  Payable:  Total: $950.00

Bannon Lakes CDD Invoice# 7462

Fund or Account from which disbursement to be made: 2016 Acquisition and Construction Account

The undersigned hereby ce1tifies that:

this requisition is for Costs of the 2016 Project payable from the 20!6 Acquisition and Construction Account that have not previously been paid;

each disbursement set forth above is a proper charge against the 2016 Acquisition and Construction Account;

The undersigned hereby further certifies that there has not been.filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or v,ill not be released simultaneously with the payment hereof.
TI1e undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.

$950.00

TOTAL

950.00

Site Plan Concept

DUE THIS BILLING

BILLED TO DATE

CONTRACT

% COMPLETE

CONTRACT SERVICES

Worl Commerce Soccer Complex

PROJECT:

Eastland Partners LLC,
Art Lancaster
700 Ponte Vedra Lakes Blvd, Ponte Vcdra, FL 32082

BILL TO:

BASHAM
&LUCAS
DESIGN GROUP, INC.
PlANNING•ARCHITECTURE •  l..ANDSCAPE

Basham & Lucas Design Group,
7645 Gate Parkway Suite 20 I
Jacksonville, FL 32256
(904) 731-2323

Invoice

INVOICE#
7462

DATE
6/13/2018

G'J(,,-;I.,; /

r.r/2

REQUISITION  NO. 113
(2016 Acquisition and Construction Accoont)

BANNON LAKES COMMUNITY DEVELOPMENT DISTRICT (ST. JOHNS COUNTY, FLORIDA)
$11,850,000
Special Assessment Revenue Bonds, Series 2016

The undersigned, a Responsible Officer of Bannon Lakes Community Development District (the "District") hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture from the District to The Bank of New York Mellon Trnst Company, N.A., as trustee (the "Trnstee"), dated as of January 1, 2016 (the "Indenture"), (all capitalized terms used herein shal! have the meaning ascribed to such term in the Indenture):
Requisition Number: 113

Name of Payee: Vallencourt Construction

Amount  Payable:   Total: $207,482.37

Bannon Lakes CDD Invoice# 5128-1

Fund or Account from which dishursement to be made: 2016 Acquisition and Construction Acconnt

The undersigned hereby certifies that:

L	this requisition is for Costs of the 2016 Project payahle from the 2016 Acquisition and Construction Accotmt that have not previously been paid;

2.	each disbursement set forth ahove is a proper charge against the 2016 Acquisition and Construction Account;

The undersigned herehy further certifies that there has not been filed with or served npon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.
The undersigned hereby further certifies that such requisition contains no item representing payment on acconnt of any retained percentage which the District is at the date of such certificate entitled to retain.

Attached hereto are originals of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested.
Dated: June 29,2018

BA1"'NON LAKES COMMUNITY DEVELOPMENT DISTRICT

/J

/tf	f
By:
Arthur E. Lancaster
Chairperson, Board of Supervisors

CONSULTING ENGINEER'S APPROVAL FOR NON-COST OF ISSUANCE REQUESTS ONLY

If this requisition is for a disbursement from other than Costs of Issuance, the undersigned Consulting Engineer hereby certifies that this disbursement is for a Cost of the Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for the portion of the Project with respect to which such disbursement is being made; and (iii) the report of the Consulting Engineer, as such report shall have been amended or modified on the date hereof.

ENGLAND, nnMs & MILLER, INC.

By:		 Title: District Engineer

,c	APP-, C:ATIONl'<O:_$:""IJ..-\.
FE"'J;JOTQ.

o-:sti, ;01110
[1 OWNER
11 o!cRCHffECT
;; CONTRAr;,r,>1,

;,i;:a,,• VA\J..ENco,1in r.oNSTRUcnn>-:cu INC.
r',0. £:Ii)); £5M9
:)RAt-!G!: PARK. q_ 32'5

AnC'1)T£CT'S
P. DJE:(;T No·

;'.tl11;17

CONfRACTOR'SAPP ICAT/ON FOR PAYMENT
!CHANGE ORDER Sl.!i.\MARY

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TOTALS

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fi. TOTAL EA":NE!) Ll;; S / J'Tf\iNN f>.
(l·,, 4 less UJ\e S fr1il!}
LE:'it PREVIOUS CERT!H('.•1.TES l OR
PAY1<1!"NT (L;n 6n.o<n prior c rs C(lf'<J .,

----
'

C'JRR({l1J'1" PAYl'.IEN'f ,')UE ...	$

=	" ""

S. N-lJ'NcE TO FINISH_ Pl.US RET/.JNAG"-

         l      @_?J1.._

ARCHITECTS CF. TIF/GATEFQR PAYi,!Off
Jr, =""a°"' w111, ihe C r.:.,:t cumenh ba&s--<i o,-,,:,.,,,,je ot>;.er..ab,:,,-,s .!n<I tl'e

3  lm;s l•".c•a6c 	=	--------------
!;;,"1    !"lORlrJA	l-0u / o CUW
Sub:so_1 "'\'.!...""s,,nto tor<:;°1jt!'."s	c:J/$; ,oayof
"lot.rv pu:;i:c. f){j2.l;,.,rJJ..., VCL{ 'L...
My .,,:r.•sslo()8";,ro,-1es· /.:J , ff_ d2. /
t,MOUN'"T CERTlfJED., ·-    ..'?0. 7 !.1/ l:.'.?!.?
(Al"lcl-• <0 p:a. 1>ti0l' if 8<nNr.'. re'l, t11tfilr,;  om,,

<:!.11a q,rr.µr tno u, at>.",,. app,I c.1t-<n, lhr.A"!;"1- eci Cl'r!,fr.s !,;, tfie t•	l!t lothe
•:0. .;J fu An--Jilt-ect'!!. nc.;,f!!Cf9e. lrk>rrmi on and behef th \\IG<k has pmgresied .!$

.P,.R,, Gll;.lf: ".,.-·--

N fi'/!0. ,

Date - (, ,_-;Z;,V /;i3

d!:::ited. t ., qu;;1ity c1the \".'1<!( 1$ in  ...,_,rd::mc,,"'"'!he,..,("'ltraC Uoc1:rr r.ts,  In'J
!ht- s.:.r • r I e .r. ed to, ,rnlc•l\ ollhfl A'VIO\l!>/T GERTlF:ED

Thita C,:1.fca!e-f'no! l:':1, Tl-,: AMOUNT CERTI lEO ;\ ,ible on'1 , th
Crnit.--acio. ,.,,,....- h"''nlr>, l,as11 ,,ce, µavr,-_,,,rt and acceplllllce ii payme11l 01e witl:<>;it

 	p:-,judic,, lo a"\' ri9 1a ,:,I tho Owne.ror C,;. •·a<C.or Vl>'I<:' 1ri1s ec,tract
f,-IA OOLUMEl-;T 07/.12' k?P!JCIIT!ON ANn CERlfFICAT£ FOR PAYI/.El',T' M,W 1983 EDITION• NA•@ 1963
•HE A'>'IEf\'.C.l\N INST!TUl" CF ARCHIT!c:CTS, :73 NE\'! 0 (0 U AVE.'SUf' N W,.1-\+<;HINC-:T')N 0.C, 200 5

ChaiOtd •Tofli.t

s

:18'idt,. tifut:,1tbiit

, filfb'ft,¼lJ;0jb;i1n 1qjt,?[\fel)ib

iiilllli

ls
rt\!,L l

•

LI! 1tJ

Fl \l.>!\ 'A"

!l.:> l>O t;;;lru !l-,,o

lt<tmJ;

Ji!Cbcnviht, fl 32258

i$,'ii".". t,ty r11m.i!J"1i'/ M11tel'!-rl;,:
ThlsA)'li,.

Q11antlfy
Jnm!!edTo

i

l

!
I

"""

LS

8,568.24

""'

Total ln1t.1ltf:-d This PerJ.e>d

T-Ot.rl tnrtllllcdTo O:ote

0.50	4,.21>4,12 $

428,41

''

'

'

$ 3,887.47

0.50 S

'

.1os.sa
0,9'3
7,731.21
2.$6

.

'

'

1,94.:17'

5,2.47.00 S

''

194.37 $ 1,!!4'.l.74

-
5l4-70 S 5,247.00

$ 40,961t15 S

4,09e'i82 !40,9:SS.15 / S

'

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!>roJectTotal
8,56S,24
3,887.47
3,109.'JB
5,2 7.00
40,958.15

SC<:>!n?

'

'

'

.'1

'

LS

i $ 39,215.00

!
'

"'"""'"'

'

5 54,:!99,:37 S

'

3,n1.so
.$ F4.:l99.37 ! S

1*

11

$

•; J,:r/t,!';

'

,.

5,439.94
.

"

I>

111,3551.28
49,31?..SO

23',5-40.00

23,.5-40.00

cc,,·                  ,   '.,. 19J
00

58,948',0D
1,00

$ :IS',215.DO    S	:39.2l5.00

s 39,2:is.oo

1.00

1.-00

too

s1n,

51%

16S,8l!l.SB

$84,-1-fll ..SS '$

S ll-4,478 - , S 8,447,116

28.540.00

28,540.00

CY

56,020,00

?o!)C( 1:4vo11on

HlO¼-

15.00

15.00

A=

15.CO

c1. n..Onibl,.,.,,

10.J%

5,300.00

5_30::u:io

Lf

$,300.00

Silt f'Mt:<:

Sn%

-0%

P.50

LS
u;

1.00
1.00

S,N
A bui1u

50%

$ -4.284.12

0.50

LOO

Gt"n 111.I C"o!ldilions

,1

1,,-,..Nct
retalangeQ<I Total lnsttfled ThlJP!!riod

'-(Uilnt...,. tnnalle.d/ btcrlalsl..rrt
App.

UNt.Pr!et

Qu•l'!tity

Ctt. o,;,t.,,,;

WMV!m  AND RELEASE GP UEN
COl'-JDJTJ.ONAL UPON PROGHESS PAYMEN'r

The "li)(·i,';'SiCV>J ,JCl'Vf. Epcn pavme!H irt;:,; t:H.' hi!H(l'., ,,: the :;,q•:, of -t

'i_ _4-fl2..3 7 .. hereby Wl!h'n ii1d re1ez·, (•;.

it U1-u ::-nd 1:1r:t t,J d:>m; 1.1 !ir:n intbdi•,g d: cl;i'.n\5, ,hang-=: cr,1.::r;j, P dt'r:1end5 wh:1\S(H:>·,er for ! .hor,!-.<:r.:1it:>,
er mats-ri;Js furi"',;·,hul 1 n,·,,1q. c;	J1mc 20, 2018	;;;; tht )ob ut	P.flfF Jl!-P-EP Car,n,.:n Lab:-:; ;v, ;,i r
·-:o'"'t1i·e ii:1(0w1;{.'.--tle';-c:' krl prope;y·	·-· ---------- -----

Proje<:t:  Uannon Lt1ke1: Multi f,y-nJ!y
Location: lntei-nat_0_ _ } i'f Par\i.waX:,Jt A ugu5::tii1·;,p _ 92_s
lnvoicf'-#: Sl2B-1

T1· 1s v-_·;.;ivEn:i<l: t.k-;;.::-e do0'. w)t cGver ;:i:1:-· i,dw1, ;;;·"!:·es, or malfTfJ!s furnfr;·hed zftc· th1.s d.;te $µenfi,;;('., The 1.mdorsig_1H :1
r: ;irt'! nts tL;t (1,1/<:}i,; i5 ;;r; ciuthor\:z.ed ;;gc1t r!fLi!::nur and hdS authonty t0 e1;cr:ute t!Ji,; Vl«:Jvi·r ,md !S.eleaSti ol Uen on

·•,:Jplf of L:enc..-r,

' LlTE or i'LOR!DA
UJUN'fV OF CLAY
The for«goinF ir,:·tnm,ent ,,_,,, ..,- r-::'niowlt\lgcd befi;ff 111!! th,:=:.:-?:J.: { ..,	d.:.y ur	_:£< -_/ t.!Jl 8
by Steven Jord;m ol VctlchCOl.Ut Con!-;truchon Co., hie.,;; Fl,mda cor s;:.r<.<ticll, on behalf of ti,e corporatici/

              X	

,oJ,) rt.'. ·this is 1J !/IJ/tJt(,ry furm prerr.ribed by Section 1JJ..1 0, f/or.c,,; 5rn/P(fJ" (1!196).
,':1Jeaiv, i1c1ob•r 1, !996, 11 perst>r. may  nctreqmre,i /1,,r,cr tofi;,·r,)/, a wuiv,:r
:,, r1:ieou ,4/iui i!t11t 1s di{[f!Ye11tfrom lhi,rian.l:<I}' f;,,.m,

REQUISITION NO. 114
(2016 Acquisition and Construction Account)

BANNON LAKES COMMUNITY DEVELOPMENT DISTRICT (ST. JOHNS COUNTY, FLORIDA)
$11,850,000
Special Assessment Revenue Bonds, Series 2016

The undersigned, a Responsible Officer of Bannon Lakes Community Development District (the "District") hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture from the District to  The   Bank   of   New York Mellon Trust Company, N.A., as trustee (the "Trustee"), dated as of January l, 2016 (the "Indenture"), (all capitalized terms used herein shall have the meaning ascribed to such tern, in the Indenture):
Requisition Number: 114

Name of Payee: England-Thims&Miller

Amount Payable: Tola!: $9,249.27

Bannon Lakes CDD Invoice# 0187229

Fund or Account from which disbursement to be made: 2016 Acquisition and Construction Account

The undersigned hereby certifies that:

l.	this requisition is for Costs of the 20l 6 Project payable from the 2016 Acquisition and Construction Account that have not previously been paid;

2,	each disbursement set forth above is a proper charge against the 2016 Acquisition and Construction Account;

The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.
The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.

Attached hereto are originals of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested.
Dated: June 29,2018

BANNON LAKES COMMUNITY DEVELOPMENT DISTRICT

By:	 	'"""'"	·"---/-
:'\.rthur E. Lancaster
Chairperson, Board of Supervisors

CONSULTING ENGINEER'S APPROVAL FOR NON-COST OF ISSUANCE REQUESTS ONLY

If this requisition is for a disbursement from other than Costs of Issuance, the undersigned Consulting Engineer hereby certifies that this disbursement is for a Cost of the Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for the portion of the Project with respect to which such disbursement is being made; and (iii) the report of the Consulting Engineer, as such report shall have been amended or modified on lhe date hereof.

ENGLAND, THIMS & MILLER, INC.

By:		 Title: District Engineer

Art Lancaster
Eastland Development Group, Inc.	June 5, 2018
Project No:	
13061.16000	
700 Ponte Vedra lakes Boulevard	Invoice No:	0187229	
Ponte Vedra Beach. FL 32082			

Professional Services rendered through May 31. 2018

Project	13061.16000	Bannon lakes-Duran Drive-MOP
P-h-a-se----------A---E---------L-u-m--p-s-u-m--S-,-ar-v-ic-e-s------------ - -----------------··- ---------- ----

Contract Amount	Percent Complete	Earned
To Date	Previously
Billed	Current Billed	
7,500.00	0.00	0.00	0.00	0.00	
45,000.00	78.8944	35,502.50	35,502.50	0.00	
23,000.00	60.00	13,800.00	13,800.00	0.00	
5,500.00	0.00	0.00	0.00.	0.00	
6,500.00	100.00	6.500.00	6,500.00	0.00	
87,500.00		55,802.50	55,802.50	0.00	

Task

Preparation of MDP
Preparation of Site/Civil Construction Docs - Water & Sewer
Preparation of Site/Civil Construction Docs - Paving & Drainage
Landscape and Irrigation Design
Commercial Outparcel Utility & Mass Grading Design
Total Fee
Total Fee	0.00
Total this Phase	0,00
-P-h-a-s-e----------F-----------E-n-v-iro-n-m--e-n-ta-l/-Re-g-u-la-to-r-y-P-e-r-m-it-ti-n-g--------------------------------------
-T-a-s-k-----------1--5-- -------L-u-m-p-S-u-m--S-e-r-v·ic-e-s--------------------------------------------------

Task	Contract Amount	Percent Complete	Earned To Date	Previously
Billed	Current Billed	
1. SJC Construction Plans Processing	10,000.00	50.00	5,000.00	2,128.00	2,872.00	
2. SJRWMD ERP	10,000.00	60.00	6,000.00	0.00	6,000.00	
3. FDEP Potable Water Distribution Sys.	2,600.00	0.00	0.00	0.00	0.00	
4. FDEP Sanitary Sewer Collection Sys.	2,600.00	0.00	0.00	0.00	0.00	
5. EPA-NPDES-General Notice of Intent	1,500.00	0.00	0.00	0.00	0.00	
Total Fee	26,700.00		11,000.00	2,128.00	8,872.00	
Total Fee	8,872.00
Total this Task	$8,872.00
---- --------------------- -- --- ------------------------------------------ --- -------
Eog{and-Thim)&ffiill r.lnc.
m-ewi:.•NJ"ff.l.tS•S...i\Yt  •C'S•\Jl!OVf NJ' l5
1t11'W \ -4<'• •.J<;i.>01_•;; l'I:.:'   •llliOh-; •;.,w,:*'¼,
;:i, , l.('$',.,1

Task	6
Total Billings Contract Limit Remaining

FPL Coordination
Current
0.00

Prior
0,00

To-Date
0.00
7,500.00
7,500.00

Total this Task

Total this Phase

0.00

$8,872.00

-P-h-a-s-e----------G-----------C-o-n-st-ru-c-t-io-n-A-d-m--in-is-t-ra-t-io-n------------------------------------------
-T-a-s-k----------1---2---------L-u-m--p-s-u-m--S-e-rv-i-ce-s------------------------------------------------

Task

Contract	Percent Amount Complete

Earned Previously To Date	Billed

Current Billed

1. Bid Documents	5,000.00	0.00	0.00	0.00	0.00	
2. Shop Drawing Review	5,000 00	0.00	0.00	0.00	0.00	
Total Fee	10,000.00		0,00	0.00	0.00	
Total Fee	0.00
Total this Task	0.00
-T-a-s-k-----------3-----------O-n---S-ite--C-o-n-s-tr-u-ct-io-n--O-bs-e-rv-a-t-io-n------------------------- -- ---------
	Current	Prior	To-Date	
Total Billings	0.00	0.00	0.00	
Contract Limit			56,064.00	
Remaining			56,064.00	

Total this Task

Total this Phase

0.00

0.00

-P-h-a-s-e----------X-P----------E-x-p-e-n-s-e-s------------------------------------------------------
Expenses

Reproductions
Delivery I Messenger Svc Permits
Total Expenses

Total Billings
Contract Limit Remaining

Current
377.27

times Prior
1,075.08

146.88
73.59
122.50
342.97
To-Date
1,452.35
10,000.00
8,547.65

377.27

Outstanding Invoices
Number	
Date	
Balance	
0186538	2128/2018	45,871.32	
0186964	4/30/2018	6,135.52	
Total		52,006.84	

Total this Phase Invoice Total this Period

Total Now Due

$377.27

$9,249.27@

$61,256.11

REQUISITION  NO. 115
(2016 Acquisition and Construction Account)

BANNON LAKES COMMUNITY DEVELOPMENT DISTRICT (ST. JOHNS COUNTY, FLORIDA)
$11,850,000
Special Assessment Revenue Bonds, Series 2016

The undersigned, a Responsible Officer of Bannon Lakes Community Development District (the "District") hereby submits the following requisition for disbmsement under and pmsµant to the terms of the Master Tmst Indenture from the District to  The   Bank   of   New York MeJ!on Trust Company, N.A., as trustee (the "Trustee"), dated as of January 1, 2016 (the "Indenture"), (all capitalized terms used herein shall have the meaning ascribed to such term in the Jndenture):
Requisition Number: 115

Name of Payee: St John's County

Amount Payable:  Total:  $370.00

Bannon Lakes CDD Invoice# NIA

Fund or Account from which disbursement to be made: 2016 Acquisition and Construction Account

The undersigned hereby certifies that:

this requisition is for Costs of the 2016 Project payable from the 2016 Acquisition and Construction Account that have not previously been paid;

each disbursement set forth above is a proper charge against the 2016 Acquisition and Constmction Account:.
The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.
The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.

Attached hereto are originals of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested.
Dated: June 29,2018

r·

BANNON LAKES COMMUNITY DEVELOPMENT DISTRICT
11-7	/
By:	),
Arthur E. Lancaster
Chairperson, Board of Supervisors

CONSULTING ENGINEER'S APPROVAL FOR NON-COST OF ISSUAt"lCE REQUESTS ONLY

If this requisition is for a disbursement from other than Costs of Issuance, the undersigned Consulting Engineer hereby certifies that this disbursement is for a Cost of the Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for the portion of the Project with respect to which such disbursement is being made; and (iii) the report of the Consulting Engineer, as such report shall have been amended or modified on the date hereof.

ENGLAND, THL\1S & MILLER, INC.

By:		 Title: Disttict Engineer

 Art  Lancaster	

From: Sent: To: Subject:

Grant Bledsoe <BledsoeG@etminc.com> Wednesday, June 20, 2018 9:01 AM
Art Lancaster
Duran Drive Roadway Plans

Good Morning Art,

I'm preparing the submittal package for the Duran Drive Roadway Plans to be submitted to SJC. They require a $370 review fee for this MODCP. Please let me know once the check is cut and I will send a courier.

Thanks,

5n,¢Cff'ld" Th-fm!i. & TTliflarJhc,
'llS!bN   .E.lfPfitlENCl::  Rt.suns

=!!!!f -1f3:,J oJ
%1:: w.r-(s

Grant Bledsoe, E.I.
England-Thims & Miller, Inc.

o: 904.642.8990 I d: 904.265.3216
Bledso_eG@etmjnc._f_om I etminccom
in	f	@)	cp

1

Attached hereto are originals of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested<
Dated: June 29,2018

'3,utzt----

BANNON LAKES COMMUNITY DEVELOPMENT DISTRICT
By:	7 
Arthur R Lancaster
Chairperson, Board of Supervisors

CONSULTING ENGINEER'S APPROVAL FOR NON-COST OF ISSUANCE REQUESTS ONLY

If this requisition is for a disbursement from other than Costs of Issuance, the undersigned Consulting Engineer hereby certifies that this disbursement is for a Cost of the Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for the portion of the Project with respect to which such disbursement is being made; and (iii) the report of the Consulting Engineer, as such report shall have been amended or modified on the date hereof

ENGLAND, THIMS & MILLER, INC.

By:	 	

Title: District Engineer